Enron May Issue More Stock to Cover Obligations
The Wall Street Journal, 10/24/01
Enron Tries To Dismiss Finance Doubts
The New York Times, 10/24/01
Surge in Optimism Prompts Straddles In Enron and Cisco
The Wall Street Journal, 10/24/01
Lay tries to assure Enron investors
Houston Chronicle, 10/24/01
OBSERVER - Busy signal.
Financial Times (U.K. edition), 10/24/01
USA: Enron mulls ways to cover portfolio shortfalls-WSJ.
Reuters English News Service, 10/24/01
Enron May Issue More Stock to Cover Obligations
Dow Jones Business News, 10/24/01
IN BRIEF / ENERGY Enron Asks Citigroup for $750-Million Loan
Los Angeles Times, 10/24/01
United States
The Globe and Mail, 10/24/01
Everest Re, St. Paul and Providian Drop, but Markets Stay Resilient
The Wall Street Journal, 10/24/01
U.S. Energy Giant Weighs a Move To Pull Out of India
The Asian Wall Street Journal, 10/24/01
UK: LNG delays could spawn shipping crisis - analysts.
Reuters English News Service, 10/24/01
INDIA PRESS:British Gas Seeks ONGC Deal For Field Control
Dow Jones International News, 10/24/01
BG Offers ONGC Brazilian Assets to Get Managing Rights in India
Bloomberg, 10/24/01

House stimulus bill would give billions to huge companies; Senate Democrats present alternative
Associated Press Newswires, 10/23/01
Wechsler Harwood Halebian & Feffer LLP Announces Class Periods
PR Newswire, 10/23/01
Stock Analysis/Call In
CNNfn: Markets Impact, 10/23/01

Economy
Enron May Issue More Stock to Cover Obligations
By Rebecca Smith and John R. Emshwiller
Staff Reporters of The Wall Street Journal

10/24/2001
The Wall Street Journal
A2
(Copyright (c) 2001, Dow Jones & Company, Inc.)

Enron Corp. might have to come up with several hundred million dollars or more during the next 20 months to cover potential shortfalls in investment vehicles it created. Covering such shortfalls could involve issuing additional Enron shares, diluting the position of current shareholders.
However, Enron Treasurer Ben Glisan said in an interview yesterday that the company believes it can repay about $3.3 billion in notes that were sold by those investment vehicles without having to resort to issuing more stock. The notes were sold to investors during recent years by several entities -- known as the Marlin Water Trust II, the Marlin Water Capital Corp. II, the Osprey Trust and Osprey I, Inc. The notes are coming due during the next 20 months.
Mr. Glisan said assets from the entities could be sold to pay off some of the notes. Also, Enron is selling other assets. Proceeds from those transactions also could go toward repaying the notes, which ultimately are guaranteed by Enron.
He said it appears that asset sales will raise at least $2.2 billion by the end of next year. This amount includes cash proceeds of $1.55 billion from the previously announced sale of Enron's Portland General Electric utility unit. Enron hopes to complete that sale by the end of 2002.
"There are a number of other assets we believe will raise sufficient proceeds" to repay the notes, Mr. Glisan said. "But if we are wrong, we will issue equity." Mr. Glisan said a worst-case scenario would involve issuing as much as $1 billion in stock. Enron said it has about 850 million shares outstanding.
Making up any shortfall with equity has become more expensive because of the drop in Enron's share price. In 4 p.m. New York Stock Exchange composite trading, Enron shares were down 86 cents to $19.79. The stock was once again one of the most actively traded with about 27 million shares changing hands. Early this year, Enron stock was more than $80 a share.
During the past week, shares of the energy-trading giant have dropped more than 40%. Early last week, Enron reported a $618 million third-quarter loss, resulting from $1.01 billion in write-offs. The company also disclosed a $1.2 billion reduction in shareholder equity for the quarter as a result of terminating certain transactions related to a partnership that for a time was headed by Enron Chief Financial Officer Andrew S. Fastow. In July, Mr. Fastow ended his connection to the partnership in the face of growing concerns by analysts and major investors. On Monday, Enron disclosed that the Securities and Exchange Commission was looking into the transactions related to Mr. Fastow. Enron has said its dealings with the partnership were proper.
The turmoil of the past several days prompted Enron to schedule a conference call yesterday morning with Wall Street analysts and others in an effort to reassure investors. Enron Chairman and Chief Executive Kenneth Lay said while "we are extremely disappointed with our stock price . . . our businesses are performing very well." Mr. Lay and other executives said Enron has adequate liquidity to meet its needs.
Mr. Fastow, the chief financial officer, took part in the conference call. But neither he nor Mr. Lay would answer any questions concerning the Fastow-related partnership, which was known as LJM2 Co-Investment LP. Mr. Lay said the SEC was in the midst of an inquiry concerning that partnership arrangement, which has raised conflict-of-interest questions among analysts and others. Mr. Lay cited shareholder suits filed recently as another reason not to discuss the partnership questions. Mr. Lay said he was "very concerned about the way Andy's character has been loosely tossed about." He added "we continue to have the highest faith and confidence in Andy."
Internal LJM2 documents indicate that Mr. Fastow and perhaps a handful of fellow Enron officials made millions of dollars in management fees and capital increases from running the partnership. Billions of dollars of Enron assets and stock were involved in LJM2-related transactions, according to Enron SEC filings.
During the conference call, analysts -- even some who have been longtime Enron fans -- challenged executives about the Fastow partnership arrangement and the company's often opaque financial reports. "There's the appearance you are hiding something," said Goldman Sachs analyst David Fleischer. "You need to do everything in your power to demonstrate to investors that your dealings are above board."
Mr. Lay responded, "We're trying to be as transparent as we can."

Copyright ? 2000 Dow Jones & Company, Inc. All Rights Reserved.

Business/Financial Desk; Section C
Enron Tries To Dismiss Finance Doubts
By FLOYD NORRIS

10/24/2001
The New York Times
Page 1, Column 5
c. 2001 New York Times Company

Enron has ample access to cash, the company's chief executive said yesterday as he assured investors that there was no need for additional write-offs stemming from unusual financing activities.
In a conference call with investors that was hastily scheduled after Enron's stock plunged on Monday, the chief executive, Kenneth W. Lay, strongly defended the company's chief financial officer and said there was no conflict of interest involved in transactions that the Securities and Exchange Commission was looking into.
But he refused to go into detail on the transaction that Enron made with partnerships run by Andrew S. Fastow, the chief financial officer. In addition, Mr. Fastow, while declaring that Enron ''expects to continue to have sufficient liquidity to meet normal obligations,'' declined to answer any questions about it.
The conference call, which began just as trading opened on the New York Stock Exchange, at first seemed to be reassuring investors. Within minutes of the beginning of the call, the share price rallied to $23.25. But it soon began falling, and ended the day down 86 cents, at $19.79. The day's low of $19.62 was the lowest since Jan. 12, 1998, and was down 78 percent from the high set by the stock in the summer of 2000.
Until recently, most investors focused on the company's reported operating earnings, which showed good results as it became a leading player in energy markets. But the focus has shifted to a series of transactions, some involving off-balance-sheet financing. One, involving partnerships controlled by Mr. Fastow, led to a $1.2 billion reduction in shareholder equity that raised concern last week and led to S.E.C. inquiries that the company disclosed on Monday.
One of the company's strongest supporters has been David Fleischer, an analyst at Goldman, Sachs. But he told Mr. Lay on the call yesterday that Enron had to be more forthcoming with information. ''There is an appearance that you are hiding something,'' he said.
After the call, Mr. Fleischer expressed disappointment. ''They've engaged in a number of transactions that one wonders about, and that are hard to understand,'' he said in an interview. ''They have not been as forthcoming in explaining them'' as is needed, he said. But he said he was still recommending the stock. ''I don't think accountants and auditors would have allowed total shenanigans,'' he said. ''In the absence of total shenanigans going on at this company, there is tremendous value here.''
Mr. Lay cited the S.E.C. inquiries as a reason for not discussing details on the transactions involving the partnerships that were controlled by Mr. Fastow. But he emphasized that both he and the company's board ''continue to have the highest faith and confidence in Andy.''
Mr. Lay said that auditors from Arthur Andersen had carefully reviewed Enron's reporting in conjunction with another off-balance-sheet vehicle, called Marlin. That company owns one-third of Azurix, an Enron subsidiary that owns Wessex, a British water utility. The auditors ''have determined there is no write-down required,'' he said under questioning by Richard Grubman of Highfields Capital Management, a money management firm.
Mr. Grubman said that Marlin owed almost $1 billion on debt that was guaranteed by Enron but had no assets other than the Azurix stake. Noting that Enron had paid about $300 million to buy a third of Azurix from public shareholders and had since taken write-downs on its investment in Azurix, Mr. Grubman asked why the company was not setting up reserves to cover its exposure on that debt, which under a complicated arrangement could end up being satisfied through the issuance of Enron shares.
Mr. Lay said that no action was needed but declined to address details. Eventually he cut off Mr. Grubman. ''I know you're trying to drive the stock price down, and you've done a pretty good job of it,'' Mr. Lay said. ''But let's move on to the next question.''
Mr. Fastow said the company was having no problem issuing commercial paper and had $1.85 billion in such debt outstanding. He said it was backed by $3.35 billion in bank lines of credit, of which $1.75 billion will expire next May if it is not renewed.
Mr. Lay said he was sorry about ''the misunderstanding'' that resulted when his brief mention of the $1.2 billion reduction in shareholder equity in a conference call last week was not noticed by some analysts. That reduction would have been apparent if the company had released its balance sheet with the earnings report, but it did not. He said the company would consider releasing balance sheets with earnings reports in the future, but made no promises.
The large reduction in shareholder equity did not affect reported earnings, and so was not in the earnings release. But it raised concerns that some of the sophisticated financing techniques used by the company might be effectively keeping losses off the earnings statement. The S.E.C. is expected to look into whether the accounting for that transaction was correct.
After one questioner on the call said it would be easier to understand Enron if it released financial statements for the special purpose vehicles that were set up to enter into such transactions as Marlin, Mr. Lay said the company ''will look into providing'' such statements.

Copyright ? 2000 Dow Jones & Company, Inc. All Rights Reserved.

Options Report
Surge in Optimism Prompts Straddles In Enron and Cisco
By Kopin Tan
Dow Jones Newswires

10/24/2001
The Wall Street Journal
C14
(Copyright (c) 2001, Dow Jones & Company, Inc.)

NEW YORK -- Bullish calls traded heavily early as investors, encouraged by the ability of stocks to shrug off anthrax scares, bought calls to replace stock holdings and to ride any rallies.
At one point, the ratio of equity calls traded to puts at the Chicago Board Options Exchange fell to 0.28, compared with 0.68 Friday and Monday's three-month closing low of 0.42.
The surge of optimism -- also evident in the CBOE market-volatility index, or VIX -- prompted traders to begin covering the downside, just as the widely watched stock indexes began to retreat. Contrarians believe the CBOE equity put/call ratio sends a bearish signal when it is below 0.40. By the session's end, the ratio was at 0.49.
Buyers drove robust call trading in Cisco Systems, a maker of Internet switching equipment, and the implied volatility also rose, noted a trader at Letco, the CBOE specialist for Cisco options. One investor bought thousands of January 20 calls, paying about $115 a contract for the right to buy 100 shares of the stock at $20 a share until mid-January. At 4 p.m. in Nasdaq Stock Market trading, Cisco was down 42 cents at $16.41. The January 20 calls fell 10 cents to 90 cents on CBOE volume of 27,048 contracts, while 6,861 contracts traded at the Pacific Exchange.
The implied volatility of Enron's near-month options remains high, even as the energy concern's executives sought to calm investors and address their concerns, following news that the Securities and Exchange Commission is looking at the Houston company.
The volatility spike makes Enron a viable candidate for investors looking to sell straddles -- selling calls and puts with the same strike price and expiration. In particular, Enron's at-the-money January 20 straddles offer rich premiums, said Lillian Seidman of the Seidman/Skupp options team at Miller Tabak & Co., of New York. With Enron down 86 cents at $19.79 in New York Stock Exchange composite trading, selling January 20 straddles would earn an investor about $750 a straddle -- a rich premium that could offset the cost of buying stock.
To be sure, selling straddles can be risky and the losses significant if the stock, which already had fallen about 38% in a week, makes a big move in either direction before the straddles expire. Investors typically buy straddles if they expect a big move in the underlying stock, while sellers pocket premium and hope the stock remains in a tight trading range.

Copyright ? 2000 Dow Jones & Company, Inc. All Rights Reserved.

Oct. 24, 2001, 12:05AM
Houston Chronicle
Lay tries to assure Enron investors
Company's credibility questioned
By LAURA GOLDBERG
Copyright 2001 Houston Chronicle
Enron had safeguards in place to protect shareholder interests while its chief financial officer ran two investment partnerships that did business with Enron, the company's chief executive officer said Tuesday.
The Houston-based energy trader has been caught in a storm of criticism over Chief Financial Officer Andrew Fastow's former role with two partnerships, LJM Cayman and LJM2 Co-Investment, that entered into complex financing and hedging arrangements with Enron.
Enron disclosed Monday that the Securities and Exchange Commission opened an "informal inquiry" into transactions between Enron and the two partnerships.
It declined to say if the SEC is looking into other transactions.
After the disclosure, Enron's stock fell almost 21 percent Monday. Tuesday it dropped another 86 cents to close at $19.79.
The news brought to the forefront ongoing complaints from some on Wall Street that some of Enron's financial mechanisms are difficult to understand and that Enron doesn't provide detailed enough financial data about its performance.
Tuesday morning, Enron Chairman and CEO Ken Lay held a conference call for investors and analysts, aimed at addressing their concerns.
It remains to be seen whether he succeeded, but based on the tenor of questions during the call, it's doubtful he achieved that result.
David Fleischer, a Goldman Sachs analyst, told Lay that the company's credibility was being severely questioned and called on him to do everything in his power to explain to investors that Enron's dealings are aboveboard.
"I, for one, find the disclosure is not complete enough for me to understand and explain all the intricacies of all those transactions," he said.
Lay told callers he was limited in speaking about the LJM partnerships because of the SEC inquiry.
He did say Enron was aware an "inherent conflict of interest" would result from its chief financial officer running investment partnerships doing business with Enron.
In response, Enron set up procedures, which Lay said were rigorously followed, to ensure shareholder interests wouldn't be compromised.
"There was a Chinese Wall between LJM and Enron," he said, adding that Enron wasn't obligated to do deals with the LJM entities and did so when it was in Enron's best interest.
Lay and Enron's board continue to have the "highest faith and confidence" in Fastow, he added.
Fastow resigned his roles with the LJM entities in June after criticism from Wall Street.
Enron ended its financial relationships with the partnerships.
It took a $35 million charge in the third quarter and reduced shareholders' equity by $1.2 billion as a result.
During the call Enron executives also addressed other issues.
They stressed that Enron expects to continue having sufficient liquidity to carry out normal operations and took questions about two financing vehicles, Whitewing and the Atlantic Water Trust, that it set up so it could invest in certain assets without issuing debt or Enron shares at the time of the investments.
If Enron should lose its current investment-grade quality debt rating, commitments made as part of those financing vehicles could trigger steps that would cause the value of Enron's current outstanding shares to become diluted.
Jeff Dietert, an analyst with Simmons & Co. International in Houston who follows Enron, was among those on the call. He said afterward he received some new information about Enron's lines of credit.
"I had hoped to get a little bit more out of the call," he said.

OBSERVER - Busy signal.

10/24/2001
Financial Times (U.K. edition)
(c) 2001 Financial Times Limited . All Rights Reserved

Busy signal
Enron should know plenty about bandwidth.
Through Enron Broadband Services, the giant energy company boasts about "developing an open and efficient market for bandwidth that provides liquidity, reliability, price transparency and guaranteed service levels".
But there were no guarantees about service levels yesterday, when Enron held a conference call to "address investor concerns" about its financial dealings.
Despite the bandwidth expertise, the call - the first time that Andrew Fastow, chief financial officer, has faced questions about the transactions from analysts - was available to just 300 lucky telephone diallers. A live webcast of the call was accessible on Enron's website, but without the chance to grill Enron brass.
Those investors and journalists who did make it through (some waited 20 minutes for their place at the party; others found their lines dropped mid-stream) heard volatile exchanges between analysts and company executives. An analyst chided for his part in lowering the company's share price was told by Ken Lay, Enron's chairman, that his question quota was up and it was time to move on.
(c) Copyright Financial Times Ltd. All rights reserved.
http://www.ft.com.

Copyright ? 2000 Dow Jones & Company, Inc. All Rights Reserved.

USA: Enron mulls ways to cover portfolio shortfalls-WSJ.

10/24/2001
Reuters English News Service
(C) Reuters Limited 2001.

NEW YORK, Oct 24 (Reuters) - Enron Corp. Treasurer Ben Glisan said the company thinks it can repay about $3.3 billion in notes sold by investment vehicles it created without having to issue more stock, the Wall Street Journal reported in its online edition on Wednesday.
Enron may need to come up with funds to cover potential shortfalls in those investment vehicles, which could involve issuing additional shares, thereby diluting the position of current shareholders, the report said.
The report, which cites a Tuesday interview with Glisan, said the notes were sold to investors during recent years by several entities and are coming due during the next 20 months. The entities are known as the Marlin Water Trust II, the Marlin Water Capital Corp. II, the Osprey Trust and Osprey I Inc, the report said.
According to the report, Glisan said assets from those entities could be sold to pay off some of the notes. Enron is selling other assets, the report said. According to the newspaper, proceeds from those sales could go toward repaying the notes, which are ultimately guaranteed by Enron.
Glisan, according to the report, said it looks like asset sales will raise at least $2.2 billion by the end of 2002.
"There are a number of other assets we believe will raise sufficient proceeds" to repay the notes, Glisan said, according to the report. "But if we are wrong, we will issue equity."
According to the report, Glisan said a worst-case scenario would involve issuing as much as $1 billion in stock.
Enron held a conference call on Tuesday, seeking to assuage investor concerns after U.S. regulators said they were looking into transactions involving the company's chief financial officer and its stock shed more than $10 billion in value over the past week.
Enron said on the call it can tap $3.35 billion from a credit line, suggesting it has enough liquidity to operate its core trading and marketing business, which can experience wide swings in cash flow, depending on commodity prices and market hedges.

Copyright ? 2000 Dow Jones & Company, Inc. All Rights Reserved.

Enron May Issue More Stock to Cover Obligations

10/24/2001
Dow Jones Business News
(Copyright (c) 2001, Dow Jones & Company, Inc.)

Enron Corp. might have to come up with several hundred million dollars or more during the next 20 months to cover potential shortfalls in investment vehicles it created, Wednesday's Wall Street Journal reported.
Covering such shortfalls could involve issuing additional Enron (ENE) shares, diluting the position of current shareholders.
However, Enron Treasurer Ben Glisan said in an interview yesterday that the company believes it can repay about $3.3 billion in notes that were sold by those investment vehicles without having to resort to issuing more stock. The notes were sold to investors during recent years by several entities -- known as the Marlin Water Trust II, the Marlin Water Capital Corp. II, the Osprey Trust and Osprey I, Inc. The notes are coming due during the next 20 months.
Mr. Glisan said assets from the entities could be sold to pay off some of the notes. Also, Enron is selling other assets. Proceeds from those transactions also could go toward repaying the notes, which ultimately are guaranteed by Enron.
He said it appears that asset sales will raise at least $2.2 billion by the end of next year. This amount includes cash proceeds of $1.55 billion from the previously announced sale of Enron's Portland General Electric utility unit. Enron hopes to complete that sale by the end of 2002.
"There are a number of other assets we believe will raise sufficient proceeds" to repay the notes, Mr. Glisan said. "But if we are wrong, we will issue equity." Mr. Glisan said a worst-case scenario would involve issuing as much as $1 billion in stock. Enron said it has about 850 million shares outstanding.
Making up any shortfall with equity has become more expensive because of the drop in Enron's share price. In 4 p.m. New York Stock Exchange composite trading, Enron shares were down 86 cents to $19.79. The stock was once again one of the most actively traded with about 27 million shares changing hands. Early this year, Enron stock was more than $80 a share.
Copyright (c) 2001 Dow Jones & Company, Inc.
All Rights Reserved.

Copyright ? 2000 Dow Jones & Company, Inc. All Rights Reserved.

Business; Financial Desk
IN BRIEF / ENERGY Enron Asks Citigroup for $750-Million Loan
Bloomberg News

10/24/2001
Los Angeles Times
Home Edition
C-2
Copyright 2001 / The Times Mirror Company

Enron Corp., the biggest energy trader, has asked Citigroup Inc. to arrange a $750-million loan, ensuring access to credit if the beleaguered company is cut off from money markets, say people familiar with the matter.
Enron's shares and bonds plunged after the firm said the Securities and Exchange Commission was probing its finances.
The Houston-based business, whose stock has fallen 75% this year amid concerns about failed investments, depends on a $3-billion commercial paper, or short-term debt, program to finance day-to-day operations.
As a second-tier commercial paper borrower, any ratings drop may cut off Enron from the commercial paper market and raise costs of short-term debt.
Enron shares dropped 86 cents to close at $19.79 on the New York Stock Exchange.

Copyright ? 2000 Dow Jones & Company, Inc. All Rights Reserved.

Report on Business: The Wall Street Journal
What's News
United States
Wall Street Journal

10/24/2001
The Globe and Mail
Metro
B9
"All material Copyright (c) Bell Globemedia Publishing Inc. and its licensors. All rights reserved."

Enron Corp. might have to come up with several hundred million dollars over the next 18 months to cover potential shortfalls in investment vehicles it created, treasurer Ben Glisan said. The possible shortfall related to about $3.2-billion (U.S.) in notes that related entities sold to investors since 1999, he said. Proceeds from those notes were invested in various Enron assets. Mr. Glisan said those notes come due over the next 18 months and Enron still hopes to sell enough assets to fully repay the notes. However, making up any shortfall with funds raised by selling stock has become more expensive as Enron's share price has plunged. Over the past week, shares of the energy trading giant have fallen more than 40 per cent.

Copyright ? 2000 Dow Jones & Company, Inc. All Rights Reserved.

Abreast of the Market
Everest Re, St. Paul and Providian Drop, but Markets Stay Resilient
By Robert O'Brien
Dow Jones Newswires

10/24/2001
The Wall Street Journal
C2
(Copyright (c) 2001, Dow Jones & Company, Inc.)

NEW YORK -- Stocks ended only slightly lower as the recently resilient market largely withstood the effects of dismal corporate profit statements.
Shares of drug maker Pharmacia fell $4.37, or 13%, to $38.39, after the company issued third-quarter results that topped Wall Street's forecasts, but also issued 2002 profit projections that left some analysts disappointed.
In fact, several drug companies saw their stock prices fall as investors responded to their quarterly profit statements. Shares of Bristol-Myers Squibb, for example, gave up 1.68, or 2.8%, to 58.02, American Home Products lost 1.40, or 2.3%, to 58.90, and Schering-Plough eased 74 cents, or 1.9%, to 38.17.
Shares of several insurance and reinsurance providers also pulled back in reaction to profit statements, with Everest Re falling 6.40, or 8.4%, to 69.50, and St. Paul dropping 93 cents, or 1.9%, to 49.25.
Power utility Exelon, Chicago, was set back 3.42, or 7.7%, to 41.08, after its third-quarter results topped forecasts, but drew critical comments from several analysts.
Nevertheless, even with the grim earnings outlook, investors showed continued reluctance to throw in the towel.
"Institutional investors are busy trying to gauge the sentiment in the market," Richard Cripps, market strategist at Legg Mason, said. "Their fear is that the market makes a four or five percent upside run very quickly, which is eminently possible, and they can't afford to miss it."
Some seasonal factors also have played a role in supporting stock prices recently. For many mutual funds, for example, their fiscal year concludes at the end of October. Some are doing what is called window dressing -- buying stocks that their investment disciplines say should be in their portfolio -- while others need to boost their overall exposure to the equities market.
Whatever the reason, the market has been making some big moves when prices have risen, and modest moves when they have declined. The Dow Jones Industrial Average, which ran up 172.92 points Monday, declined 36.95 points yesterday, a loss of 0.39%, to 9340.08.
The Nasdaq Composite Index declined 3.64 points, or 0.21%, to 1704.44. Volume levels showed some improvement over Monday's rather sluggish pace.
Investors haven't completely rolled over. In a handful of the situations in which their ire has been raised, they have lashed those stocks repeatedly. Shares of SBC Communications, one of Monday's disappointments, got punished again, falling 2.62, or 6.3%, to 38.78, and fell back in range of a 52-week low of 38.20, set June 26.
Consumer lender Providian Financial got sent to a fresh 52-week low, off 41 cents, or 8.3%, to 4.55. Enron, which has fallen on concerns about conflicts of interest in dealings among the company, a power marketer, and partnerships that were set up and run by its chief financial officer, dropped an additional 86 cents, or 4.2%, to 19.79, hitting a 52-week low intraday.
There were some winning profit statements. Shares of CSX, for example, rose 2.45, or 7.5%, to 35.19, after the Richmond, Va., rail-freight concern reported third-quarter earnings that, while they fell short of year-ago performance, nevertheless managed to top Wall Street's forecasts.
Vitesse Semiconductor (Nasdaq), a Camarillo, Calif., maker of integrated circuits used in high-bandwidth communications networks, added 43 cents, or 4.5%, to 9.99, even though the company's losses for its fiscal fourth quarter proved sharper than expected.
NetIQ (Nasdaq) dropped 4.23, or 14%, to 26.17, even though the Santa Clara, Calif., developer of networking software posted fiscal first-quarter results late Monday that topped what analysts had been looking for.
Chartered Semiconductor (Nasdaq) advanced 40 cents, or 2.1%, to 19.10. The Singapore chip foundry reported third-quarter results that showed a loss for the period, but nevertheless proved to be a little more encouraging than analysts had projected.
Shares of several cable-television operators moved higher. Charter Communications added 59 cents, or 4.5%, to 13.62, Comcast gained 40 cents, or 1.1%, to 36.82, and Cox Communications rose 44 cents, or 1.1%, to 40.15. Thomas Weisel Partners said that cable operators should benefit from SBC Communications' decision, revealed Monday with its quarterly results, to scale back the growth of its digital subscriber line service offering.
EarthLink (Nasdaq) slid 2.51, or 14%, to 14.85. The Atlanta Internet service provider issued stronger-than-expected third-quarter results, but also signaled that its customer growth had slowed.
AT&T Wireless increased 1.26, or 9.7%, to 14.20. The Redmond, Wash., provider of wireless communications services reported third-quarter results that topped what analysts had been looking for.
Several steelmakers moved higher following a ruling late Monday by the U.S. Trade Commission, which said it determined that domestic steelmakers have been significantly harmed by cheap imports; the ruling could lead to the erection of barriers limiting steel imports. USX-U.S. Steel Group gained 28 cents, or 1.9%, to 15.02, Nucor rose 1.05, or 2.5%, to 42.87, and AK Steel improved 41 cents, or 4.6%, to 9.31.
McKesson advanced 1.56, or 4.2%, to 38.95. The San Francisco drug distributor and health-care information technology provider posted stronger-than-expected fiscal second-quarter results.
Watson Pharmaceuticals fell 3.05, or 6%, to 48.11. UBS Warburg reduced its rating on the Corona, Calif., drug maker, and lowered its earnings projections for the company.
Furniture Brands dropped 2.04, or 8.9%, to 20.96. UBS Warburg cut its rating on the St. Louis furniture manufacturer, saying it believes the company has lost market share to rival manufacturers.

Copyright ? 2000 Dow Jones & Company, Inc. All Rights Reserved.

International News
U.S. Energy Giant Weighs a Move To Pull Out of India
Associated Press

10/24/2001
The Asian Wall Street Journal
9
(Copyright (c) 2001, Dow Jones & Company, Inc.)

NEW DELHI -- Following Enron Corp. U.S. energy company AES Corp. has turned to the Indian prime minister for help in settling its grievances with a state government.
In a letter to Atal Bihari Vajpayee, AES Corp.'s President Dennis W. Bakke said his company's determination to continue in India is being tested by the government of eastern Orissa state.
A copy of the letter, dated Oct. 1, was made available to the Associated Press.
AES operates two power plants in Orissa, holds 49% of the Orissa Power Generation Corp. and manages the main power distribution company in the state.
AES and Enron are the only major American power companies to make big investments in India since the government allowed foreign investment in the sector in the early 1990s.
In his letter, Mr. Bakke drew Mr. Vajpayee's attention to the "expropriation, repeated contract violations, intimidation . . . and direct interference with day-to-day management" by the state government and its agencies.

Copyright ? 2000 Dow Jones & Company, Inc. All Rights Reserved.

UK: LNG delays could spawn shipping crisis - analysts.
By Pete Harrison

10/24/2001
Reuters English News Service
(C) Reuters Limited 2001.

LONDON, Oct 24 (Reuters) - The transport chain supporting the global LNG industry will be finely poised in coming years between profitability and a crisis of oversupply if projects miss their deadlines, shipping analysts warn.
More LNG tankers than ever before are being constructed in the shipyards of the Far East, many of them ordered speculatively against anticipated demand, which might emerge later than scheduled.
"The issue is timing," Jarle Sjo, shipping equity analyst at Oslo-based investment bank First Securities told Reuters.
"Historically, LNG projects have been delayed - you can estimate at about six months - and if that happens it will probably get ugly in the short term," he added.
The world fleet of LNG tankers currently numbers 123, but will have swollen by about 37 percent by the end of 2004, according to shipping database Fairplay.
Gas industry analysts expect some LNG projects to be delayed as a result of the economic downturn, excess capacity at existing plants in Asia and a sharp fall in U.S. natural gas prices this year.
Svein Erik Amundsen, Managing Director of Norwegian shipping group Bergesen, said that a sustained economic downturn could have "consequences."
"I wouldn't be surprised by project delays," he told Reuters. "This could result in some tonnage coming out of the yards without immediate employment."
"I think you can say we're still optimistic, but more cautiously optimistic than before," he added. Bergesen has three new LNG ships on order, two of which have already been contracted out to Belgian gas distributor Distrigas.
STOP AND THINK
The world's largest and only pure LNG shipping player, Golar LNG, historically bullish in its outlook, has also been forced to stop and consider the problem.
Golar has six ships locked into long-term contracts, but four more are under construction at South Korea's Daewoo and Hyundai yards and do not yet have firm future employment.
"There is a reasonable balance between the production coming onstream and the amount of ships ordered," Golar Executive VP Sveinung Stohle told Reuters, "The only risk is things might be delayed."
Stohle said that contracting out the new ships remained an option, but it was also developing an LNG trading arm, which might have a use for some of them.
Golar's closest competitor in terms of size, Exmar, is taking a more traditional approach. It has six ships on order and said it would leave as little as possible to chance.
"We've chartered out all of them except the Samsung ship, which is under offer for the (Qatari) RasGas tender," Managing Director Nicolas Saverys told Reuters. Four are booked out to El Paso and one to Enron.
He said that until all the upcoming projects had their Supply Production Agreements in place, it would be too risky for companies to place fresh ship orders.
"It's a good time to wait," said Saverys.

Copyright ? 2000 Dow Jones & Company, Inc. All Rights Reserved.

INDIA PRESS:British Gas Seeks ONGC Deal For Field Control

10/24/2001
Dow Jones International News
(Copyright (c) 2001, Dow Jones & Company, Inc.)

NEW DELHI -(Dow Jones)- British Gas has offered India's Oil & Natural Gas Corp. (P.ONG) equity in its exploration acreage in Brazil and a cash settlement in lieu of operatorship of the Tapti Panna and Mukta oil fields, the Economic Times reported Wednesday.
ONGC and Reliance Industries Ltd. (P.REL) are claiming operatorship of the Tapti Panna and Mukta oil fields following Enron Oil & Gas India Ltd.'s 30% stake sale to BG, according to the report.
State-owned ONGC holds a 40% stake in the Panna-Mukta and Tapti fields and Reliance owns 30%.
The Enron Oil & Gas stake sale will fall through if BG isn't given the operatorship of the oil fields, Nigel Shaw, vice president of BG India said in the report.
Shaw said the equity partners are in discussions on the issue of operatorship, the report said.
British Gas is a unit of BG Group PLC (BRG). Enron Oil & Gas is a unit of Enron Corp. (ENE).

Newspaper Web site: http://www.economictimes.com

-By Dow Jones Newswires; 91-11-461-9426; ruchira.singh@dowjones.com

Copyright ? 2000 Dow Jones & Company, Inc. All Rights Reserved.

BG Offers ONGC Brazilian Assets to Get Managing Rights in India
2001-10-24 01:12 (New York)

     Mumbai, Oct. 24 (Bloomberg) -- BG Group Plc has offered Oil &
Natural Gas Corp. a stake in exploration projects in Brazil if
India's biggest oil producer allows BG to run the oil fields it
bought from Enron Corp. in India, the Economic Times reported,
without citing any officials.

     BG's purchase of Enron's 30 percent stake in the three oil
and gas areas in India is contingent on winning the right to
manage the developments. Reliance and ONGC, which together own 70
percent of the exploration venture, have both claimed rights to
run the oil and gas fields.

     BG has asked ONGC to waive its right to decide the operator
after Enron quits in return for a stake in its oil and gas sites
in Brazil, the paper said. It didn't give details on the Brazilian
interests BG may offer ONGC. BG has set Oct. 31 as a deadline to
resolve the ownership dispute, the paper said.

     The purchase from Enron would give BG a 30 percent stake in
the Tapti and Panna-Mukta oil and gas fields, as well as 63
percent of an untapped deposit on the west coast of India. The
assets hold more than 170 million barrels of oil and gas.

     Before agreeing with BG, Enron rejected bids from its Indian
partners, ONGC and Reliance, as well as from the nation's biggest
refiner, Indian Oil Corp.

House stimulus bill would give billions to huge companies; Senate Democrats present alternative
By CURT ANDERSON
AP Tax Writer

10/23/2001
Associated Press Newswires
Copyright 2001. The Associated Press. All Rights Reserved.

WASHINGTON (AP) - General Motors, IBM and Kmart are among corporations that would receive billions of dollars in tax refunds under a $100 billion House Republican economic stimulus package. Democrats say it is far too generous to companies and does too little for individuals.
Seven companies would get a total of $3.3 billion in refunds of alternative minimum taxes they paid as far back as 1986. The tax, which the House legislation also would repeal outright, is intended to ensure a basic minimum income tax is paid by companies and individuals that claim numerous deductions and credits.
IBM would get a $1.4 billion refund, according to the nonpartisan Congressional Research Service, while GM would get $832 million, Kmart $102 million and General Electric $671 million. Others specified for big refunds include energy giant Enron, at $254 million; U.S. Steel, $39 million; and grocery chain Kroger, $9 million.
In addition, the study found that Ford Motor Co. would get a refund that could total $2.3 billion, while Chevron's could reach $314 million.
Counting repeal of the tax, corporations would get more than $25 billion in tax relief from these minimum tax provisions in 2002 alone. In addition, the bill would make permanent a temporary tax break for financial services firms doing a lot of overseas business, providing them $21 billion in tax relief over 10 years.
The generous corporate tax breaks are among the most contentious items in the House GOP measure, scheduled for a floor vote Wednesday. Democrats say the measure is certain to change once it reaches the Senate; the Bush administration also has signaled that $100 billion is too costly.
"It's clear the House bill cannot pass the Senate as it is," said Sen. John Breaux, D-La.
For individuals, the House legislation includes a new round of tax rebate checks for workers who didn't get them this summer and a cut in the current 27 percent income tax rate to 25 percent in 2002, four years earlier than under the just-enacted tax cut. The measure also reduces capital gains rates from 20 percent to 18 percent for most taxpayers, enhances business equipment write-offs and allows companies to deduct current losses against taxes paid five years earlier.
The primary sponsor, Ways and Means Committee Chairman Bill Thomas, said in a newspaper opinion piece published Tuesday in USA Today that the legislation "is a shot of adrenaline" that will help restart the economy while not triggering inflation.
"Businesses generate jobs, and jobs are the core of a strong economy," wrote Thomas, R-Calif.
While bipartisan support backs some of the House items, Senate Democrats have been pushing for expanded unemployment benefits and help for workers who lose health insurance. Sen. Max Baucus, chairman of the Senate Finance Committee, presented a $70 billion proposal Tuesday that would extend unemployment benefits by 13 weeks, provide a 50 percent federal match for COBRA health insurance policies and allow more workers to qualify for Medicaid.
The legislation also includes rebate checks and some business items similar to the House bill but not the capital gains reduction or the alternative minimum tax relief. Tax cuts in the Baucus measure would total $35 billion in 2002, far below the House GOP level.
"This proposal appropriately responds to the sign of the times, helping this nation get back to work and recover quickly," said Baucus, D-Mont.
Other Democrats were working on spending programs. Senate Appropriations Committee Chairman Robert Byrd, D-W.Va., said he was putting together a $20 billion package that included hiring extra customs and border agents and food inspectors, augmented security at nuclear plants and purchase of more vaccines.
Sen. Charles Grassley, R-Iowa, said President Bush does not want the stimulus bill laden with additional spending.
"Everything in this package needs to be stimulative," Grassley said. "There needs to be more done on the investment side."
---
On the Net: House members: http://www.house.gov/house/MemberWWW.html

Copyright ? 2000 Dow Jones & Company, Inc. All Rights Reserved.

Wechsler Harwood Halebian & Feffer LLP Announces Class Periods

10/23/2001
PR Newswire
(Copyright (c) 2001, PR Newswire)

DQE, Inc. (DQE); Enron Corp. (ENE)
NEW YORK, Oct. 23 /PRNewswire/ -- Notice to persons who transacted in the following securities and respective class periods: CORPORATION CLASS PERIOD DUE DATE
DQE, Inc. 12/06/00-04/30/01 12/05/01
(NYSE: DQE)
Enron Corp. 01/18/00-10/17/01 12/21/01
(NYSE: ENE)
Wechsler Harwood Halebian & Feffer LLP ("Wechsler Harwood") (http://www.whhf.com) has been retained to investigate claims or filed class action complaints involving the securities of the above companies on behalf of investors.
Wechsler Harwood has extensive experience representing shareholders in class actions and has served as lead counsel on behalf of shareholders in many such actions. The reputation and expertise of this firm in shareholder and other class actions has repeatedly been recognized by the courts.
If you wish to discuss these actions, or have any questions concerning this notice or your rights or interests with respect to these matters, please contact Wechsler Harwood Halebian & Feffer LLP, 488 Madison Avenue, New York, New York 10022, by calling toll free 877-935-7400 or by contacting: Patricia Guiteau
Wechsler Harwood Shareholder Relations Department; DQE, Inc.:
pguiteau@whhf.com or whhfus@yahoo.com.
Ramon Pinon, IV
Wechsler Harwood Shareholder Relations Department; Enron Corp.:
rpinoniv@whhf.com or whhfus@yahoo.com.
MAKE YOUR OPINION COUNT - Click Here
http://tbutton.prnewswire.com/prn/11690X72542557

/CONTACT: For DQE - Patricia Guiteau, pguiteau@whhf.com, or For Enron - Ramon Pinon, IV, rpinoniv@whhf.com, both of Wechsler Harwood Shareholder Relations Department, whhfus@yahoo.com/ 18:37 EDT
Copyright ? 2000 Dow Jones & Company, Inc. All Rights Reserved.

Business
Stock Analysis/Call In
Bruce Francis, Kathleen Hays

10/23/2001
CNNfn: Markets Impact
(c) Copyright Federal Document Clearing House. All Rights Reserved.

KATHLEEN HAYS, CNNfn ANCHOR, MARKETS IMPACT: Both the Dow and the Nasdaq lost ground today after another big round of earnings news.
FRANCIS: Lets go to Keith in Alaska with a quick question for Don and Don let`s give us a zippy answer to.
LUSKIN: All right.
CALLER: Hey Don I like to know as far as Enron (URL: http://.www.enron.com/) is concerned, how representative of the energy sector is this because I`ve been watching as a small investor that`s kind of brand new, watching it just kind of plummet. So and I`m only investing a little bit every month in it but you think that`s pretty wise idea just kind of keep on doing small investments?
LUSKIN: Well as a general investing strategy yes but Enron is a special case where we have a company that`s in bad trouble. We had a CEO who basically left without explanation a couple of months ago, then yesterday the CFO has been accused of some pretty strange looking self dealing issues. We don`t know how that`s going to resolve but this is a company under a cloud so you might want to hold off on your buying program until that cloud lifts a little bit.
FRANCIS: All right Don, thank you very much; we appreciate it. Don Luskin.
LUSKIN: All right.

Copyright ? 2000 Dow Jones & Company, Inc. All Rights Reserved.


You are now scheduled to attend:

Power Marketing - Structuring Power Transactions
Class Days and Times:
  11/10/99  08:00:00 AM - 05:00:00 PM
  11/11/99  08:00:00 AM - 05:00:00 PM
EB561,  Houston

Note:

Click this doclink to review class session information.

If you are unable to attend this class, the registration must be canceled by
5:00 p.m. on  November 5, 1999 to prevent a charge of $ 1400 to your RC
number.

 We look forward to seeing you at 08:00:00 AM on November 10 - 11, 1999.
Please call the ECT Development Center Team at 853-0357 if you have any
questions.

 Thank you.


------------------------------------------------------------------------------------------------------
W E E K E N D   S Y S T E M S   A V A I L A B I L I T Y

F O R

June 1, 2001 5:00pm through June 4, 2001 12:00am
------------------------------------------------------------------------------------------------------

ECS to ECN Network Interconnection, June 9th 2001

This is a notification that the Enron Corp. I/T Networks team will be connecting the new building network infrastructure located in Enron Center South (ECS) to the existing Enron Center North (ECN) backbone network.  While this activity is not expected to produce a disruption to network services, this notice is designed to alert the organization to our activities.  No network hardware or systems are anticipated to be shutdown.  The actual physical interconnection of the networks will be performed in the EB 34th floor Data Center.

Interconnection activities are scheduled to occur the evening of June 9th 2001 starting from 7:00 p.m.(CT) and completing around 11:00 p.m. (CT). Application testing activities will begin at 11:00 p.m. (CT) once all network testing has completed.

If you have any further questions, please contact Pete Castrejana at 713-410-0642 for more information.

SCHEDULED SYSTEM OUTAGES:

ARDMORE DATA CENTER - FACILITY OPERATIONS: No Scheduled Outages.

AZURIX: No Scheduled Outages.

EB34 DATA CENTER - FACILITY OPERATIONS: No Scheduled Outages.

EDI SERVER: No Scheduled Outages.

ENRON CENTER SOUTH DATA CENTER - FACILITY OPERATIONS: No Scheduled Outages

ENRON NORTH AMERICAN LANS:  SEE ORIGINAL REPORT

FIELD SERVICES:  No Scheduled Outages.

INTERNET:     SEE ORIGINAL REPORT

MESSAGING:      SEE ORIGINAL REPORT

Impact:  Exchange
Time:  Fri 6/1/2001 at  7:00:00 PM thru Fri 6/1/2001 at  7:30:00 PM
Outage:  Initiate Failover of Nahou-msmbx01v to unlock backup api
Disruption:
Environments Impacted:  Users on with mailboxes on nahou-msmx01v
Purpose: Ensure backups run successfully
Backout: N/A
Contact(s): 	Scott Albright  713-345-9381

Impact:  CORP
Time:  Sat 6/2/2001 at  10:00:00 PM thru Sat 6/2/2001 at  10:15:00 PM
Outage:  Exchange server message change
Disruption:  Intermittent Disruption of Service
Environments Impacted:  Corp Exchange users on nahou-msmbx05v
Purpose: To enable the new mailbox over the limit message
Backout:
Contact(s): 	Tim Hudson  713-853-9289

MARKET DATA: No Scheduled Outages.

NT: No Scheduled Outages.

OS/2:  No Scheduled Outages.

OTHER SYSTEMS: No Scheduled Outages.

SITARA:  No Scheduled Outages.

SUN/OSS SYSTEM: No Scheduled Outages.

TELEPHONY: No Scheduled Outages

TERMINAL SERVER:  No Scheduled Outages.

UNIFY:  No Scheduled Outages.

-------------------------------------------------------------------------------------------------------------------------------------
								FOR ASSISTANCE

(713) 853-1411   Enron Resolution Center

Specific Help:
Information Risk Management			(713) 853-5536
SAP/ISC                                                                               (713) 345-4727
Unify On-Call 					(713) 284-3757  [Pager]
Sitara On-Call					(713) 288-0101  [Pager]
RUS/GOPS/GeoTools/APRS			(713) 639-9726  [Pager]
OSS/UA4/TARP				(713) 285-3165  [Pager]
CPR						(713) 284-4175  [Pager]
EDI Support 					(713) 327-3893  [Pager]
EES Help Desk					(713)853-9797 OR (888)853-9797
TDS -Trader Decision Support On-Call                    (713) 327-6032 [Pager]


This has got to be the last time.

Tomorrow morning a new team will arrive for due diligence purposes.

Tom Martin will be hosting this team

The Schedule outline is based on initial overview discussions/presentations  and then more detailed discussion can occur in individual groups the outline is as follows.  It may be better to split up earlier but I leave all those decisions to Tom   .

9:00		Introduction			John Lavorato & Louise Kitchen
9:30		Financial Overview		Wes Colwell
10:00		Risk Overview			Buy / Port
10:30		Credit				Bradford
11:00		Back Office			Beck/Hall
11:30		Systems (EnronOnline)		Jay Webb
12:00	            Mid/Back Office Systems	Jay Webb
12:45		Infrastructure			Jenny Rub / Bob
1:15		HR				Oxley

Afternoon	Dataroom and Trader discussions

Please make yourselves available.

Tammie - please check availability.

Thanks for your continued understanding.

The Maple Leaf is sending a team of 9 people.  They should arrive between 8 and 8:30 Wednesday morning and stay through Thursday evening (They are planning on a late night on Wed).

We are currently planning on using room 3371 for the data room, but are looking for another room that might be more accomodating for such a large group.  Please let me know who your point person will be and the schedule for the initial meetings.

Louise

Louise Kitchen
Chief Operating Officer
Enron Americas
Tel:  713 853 3488
Fax: 713 646 2308


The request has been completed with all resources requested either completed or rejected. You can view the details of the  request by clicking http://itcapps.corp.enron.com/srrs/auth/emailLink.asp?ID=000000000080522&Page=MyReq.


TEXAS TRIBUTE ONLINE
News from The University of Texas at Austin
JANUARY 2002
____________________________________________
Dear UT Friend:
Winter may be just a few weeks old officially, but spring has arrived on campus. Or at least the spring semester, which gets under way this week. With best wishes for a prosperous new year, we bring you this eclectic trio of items as the first TEXAS TRIBUTE ONLINE of 2002:
WHEN GOLFING GREATS BEN CRENSHAW AND JUSTIN LEONARD helped the United States win the Ryder Cup in 1999, the prize included $100,000 for each team member to donate to the college of their choice. Naturally, both Longhorns chose their alma mater, and the UT Golf for Life program was born. UT students are seeing the benefits of this collaboration with PGA of America -- one of 14 university partnerships nationwide -- including increased access to driving ranges and putting greens and personalized coaching from PGA-affiliated guest instructors. Hmmm... burnt orange plaid pants, anyone?--> SEE http://www.utexas.edu/do/impact/golf.html
THE LAST DECADE OF THE 20TH CENTURY saw celebrated Texas photographer George O. Jackson traversing Mexico to capture a visual record of more than 200 community festivals. The result is the Essence of Mexico Project, including 50,000 color images and Jackson's own copious notes on the important festivals of more than 60 indigenous Mexican cultures. This exhaustive undertaking has spawned five museum exhibitions in nine international venues. Now, thanks to Jackson's generous donation, it resides permanently in the Nettie Lee Benson Latin American Collection, which is part of UT's General Libraries. The project will be archived during the next two years with Jackson's assistance.--> SEE http://www.lib.utexas.edu/about/news/jackson.html
IF YOU ARE A FAN of the University's StarDate radio program -- which is heard on 250 stations nationwide -- youmay want to check out StarDate Online, a universe of information on all things astronomical. While there, you can support science education in Texas with your purchase of the 2002 edition of the StarDate Sky Almanac. Brought to you by the folks who produce the award-winning StarDate magazine, the $4 guide contains a year's worth of skywatching information -- how to find planets, stars, and constellations, and when to watch for meteor showers -- as well as what's coming up this year in space exploration. All proceeds benefit the public education programs of UT's McDonald Observatory.--> SEE http://stardate.org
For further news and information about UT Austin, visit our home page:--> SEE http://www.utexas.edu/
Thanks for reading TEXAS TRIBUTE ONLINE. Feel free to send us your thoughts and opinions, both on what you see here each month and in the print edition of TEXAS TRIBUTE.
See you next month.
Jamey Smith
Editor, Texas Tribute
UT Austin Office of Resource Development
<mailto:tribute@www.utexas.edu>
____________________________________________
How to change your address and unsubscribe:
To change the address at which you receive TEXAS TRIBUTE ONLINE or to be removed from the list, please reply to this message and type CHANGE TO (NEW ADDRESS) or REMOVE in the body of your message.
____________________________________________
Copyright 2002 The University of Texas at Austin.


Tana:

The following CPs are not authorized to trade US power:

Canadian Hunter Exploration Ltd. - restricted by credit
Berco Resources, LLC - restricted by credit
Millennium Petrochemicals Inc. - restricted by credit
Quadra Energy Trading Inc. - restricted by credit
Texas Petrochemical LP - restricted by credit
Minerals Mangagement Service - no
United States Department of Interior - READ-ONLY ACCESS

***********

No change to Public Service Electric and Gas profile - authorized to trade
power pursuant to master
The New Power Company, Inc. - authorized to trade US power pursuant to
on-line GTCs


Jennifer,

I am available for 30 minutes on Fri, Oct  30.. A meeting at 8:30 would work
better for me.

Vince

Jennifer Burns

10/24/2000 04:14 PM

To: Michele Nezi Marvin/Enron Communications@Enron Communications, Mark
Palmer/Corp/Enron@ENRON, Cindy Derecskey/Corp/Enron@Enron, Vince J
Kaminski/HOU/ECT@ECT, Shirley Crenshaw/HOU/ECT@ECT, Beth
Miertschin/HOU/ECT@ECT, Christie Patrick/HOU/ECT@ECT, Kristin
Gandy/NA/Enron@Enron
cc:
Subject: Meeting RE: Wharton Strategy

Lets try for Friday, October 27 @ 9:00AM, Please let me know if you are
available.  Thanks!
---------------------- Forwarded by Jennifer Burns/HOU/ECT on 10/24/2000
04:07 PM ---------------------------

Jennifer Burns

10/23/2000 11:08 AM

To: Michele Nezi Marvin/Enron Communications@Enron Communications, Sarah
Mulholland/HOU/ECT@ECT, Mark Palmer/Corp/Enron@ENRON, Kristin
Gandy/NA/Enron@Enron, Beth Miertschin/HOU/ECT@ECT, Christie
Patrick/HOU/ECT@ECT, Jeffrey A Shankman/HOU/ECT@ECT, Vince J
Kaminski/HOU/ECT@ECT
cc:
Subject: Meeting RE: Wharton Strategy

Jeff Shankman would like to have a meeting RE: Wharton Strategy.  Please let
me know if you would be available Thursday, October 26 @ 3:00.  I will get
back with everyone to confirm a location.  Thanks!

Jennifer


<title>Untitled Document</title>
<meta http-equiv="Content-Type" content="text/html; charset=iso-8859-1">

If
 you do not wish to receive email from Bargain Bazaar, please Click Here:

 UNSUBSCRIBE

Plus,
 save big on your rate plan and accesories package.
 This package includes the VoiceStream Wireless Get
 More Plan with 500 Whenever Minutes, Unlimted
 Weekend Minutes, Free Nationwide Long Distance and
 Free Digital Roaming Nationwide.

 Get
 40% off the

 Accessories package

 Phone free after instant rebate. This offer is fulfilled
 by InPhonic, an authorized dealer for

 VoiceStream Wireless. Offer subject to credit approval or
 deposit, and is available to customers

 activating a new line of service on a one-year contract
 with VoiceStream Wireless. Not all US

 markets are served by VoiceStream Wireless. If you are in
 a non-VoiceStream Wireless area

 you will receive another great offer from another major
 wireless company. Other restrictions

 apply, see full offer for details. Offer Expires January
 30, 2002. Offer may vary.


People,

The Fundy site now has updated price indices for both the east and west
desks.  "EOM Price Index" is now "EOM East Price Index" and for the west
desk, it is Price Data/EOM West Price Index.  Feel free to give me a shout if
you have further queries.

Lindon
x57758

 -----Original Message-----
From:  Boyle, Sean
Sent: Tuesday, April 24, 2001 10:43 AM
To: Taylor, John Craig; DePaolis, Tammi; Versen, Victoria; Townsend, Judy;
Germany, Chris; Goodell, Scott; Junek, Dan; Hendrickson, Scott; Hodge, John;
Neal, Scott; Ring, Andrea; Pereira, Susan; Brawner, Sandra; Keavey, Peter;
McKay, Brad; Pimenov, Vladi; Barbe, Robin; Smith, Maureen
Cc: Colin Tonks/HOU/ECT@ENRON; Chiu, Lindon
Subject: W/A FP for May Ticker

The real time weighted average price for fixed price products for May can be
found on the Fundy site under Price Data/EOM Price Index.  Let me know if you
have any questions.
Note: If the product has not traded it will not show in the list.

Thanks to Colin Tonks and Lindon Chiu for your help.


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 05/01/2001 08:42 AM ---------------------------

Pamela Vande Krol Castro <castro@rice.edu> on 04/17/2001 12:46:56 PM
To:	Vince.J.Kaminski@enron.com (Vince Kaminski)
cc:
Subject:	MGMT 656

Enclosed please find the final grade rosters for MGMT 656.  Grades are due into our office no later than Friday, May 4.

Remember that this is the university deadline for graduating students.

Thank you for your help! - Pam (713-348-6223)
 - 656.doc


Confirmed

Vince Kaminski

"Energy News Live Daily Update Confirmation from Lyris ListManager"
<lyris-confirm-13662E@estutenws11.energy.williams.com> on 04/11/2001 05:25:33
PM
Please respond to "Energy News Live Daily Update Confirmation from Lyris
ListManager" <lyris-confirm-13662E@estutenws11.energy.williams.com>
To: vkamins@enron.com
cc:
Subject: Your confirmation is needed

Please reply to this email message to confirm your subscription to
enl-dailyupdate-txt.

Your email address has been entered for a subscription to the
enl-dailyupdate-txt mailing list. However, your new subscription requires
a confirmation that you received this email message and want
to join this mailing list.

If you do not want to join, do nothing.  You will be automatically
removed.

To confirm that you do want to join, simply reply to this message.
Make sure that your message is addressed to
lyris-confirm-13662E@estutenws11.energy.williams.com

To unsubscribe immediately, you send an email message to
leave-enl-dailyupdate-txt-13662E@estutenws11.energy.williams.com


----- Forwarded by Richard B Sanders/HOU/ECT on 07/30/2000 09:09 AM -----

	"PLI Customer Service Online" <info@pli.edu>
	07/30/2000 08:15 AM

		 To: "Richard Sanders" <richard.b.sanders@enron.com>
		 cc:
		 Subject: PLI Program Registration

 Thank you for your registration.

 Your registration has been accepted to the following program
  Title: Understanding the Securities Laws

  For details on this program please visit the following address:
  http://www.pli.edu/public/displayProd.asp?ID=PR200B000P000B3

If you have questions, please call PLI's Customer Service Department
at (800) 260-4PLI or (212) 824-5710
between the hours of 9:00 am - 6:00 pm est.
or e-mail  mailto:info@pli.edu.


The real deal:


Ok Buddy!  No more email for you today.


I need to leave the office today at 5:15 for a class.
Carol


Let me know what curve the following deals are being marked against.

Deal  Comment
709610  IF buy from Spinn
 646513  Z2 wh to St 45
709620  IF sell at St 45

709703  Z2 Wh IF buy
637093  Z2 wh to St 45
709704  If sell at St45
709706  GD buy at St 45
646529  Z2 wh to St 65
709708  GD sell at St 65

710458  Buy at Utos
726967  Utos to St 65
726064  Sell at ST 65

709722  Z3 wh buy at IF
637107  Z3 to St 65
709723  IF sell at St 65


Chris--You should be able to open this and print out the table.  Click on the
Button with a 2 if you want the summary version.

Doug Kinney
Ph:  703-561-6339
Fax:  703-561-7317

 - Apr00_FOMupdat02.xls


If you guys watched the Monaco Grand Prix this past Sunday...  perhaps you saw the fellow from the Ferrari team who went on the podium to  receive the winner's trophy from Prince Ranier?

That was my good friend Luca Baldisserri, who is the chief  engineer for Ferrari and won almost everything these past few years with his  driver Michael Schumacher...Luca is likely the best car engineer in the world,  and is interested to join me in the future as a partner to operate a team in the  U.S. based CART "IndyCar" series...

I invited you both as our sport requires strong corporate  partners to function... and thought you may have interest with knowledge that  you would be working with some of the best people in the world... which would  make it reasonable to achieve a very positive return on any corporate  investment.

Please feel welcome to keep in touch... and to join us  for a race this summer if you wish.

Best to you
Eric Jensen
407.925.7489
 - luca+eric-cgp98.JPG


Hey, I need to buy a new computer - how much would current top of line cost
w/ cd burner?


Stan,
It was a pleasure to read your Innovation communication and hear that you
welcome innovative ideas to be shared directly with you.  The creative and
innovative environment shared with my fellow employees in GPG is one of the
primary reasons I enjoy working at Enron.

The experience of working for cutting edge thinkers like Jane Wilson and
Steve Barth in EES and Dave Schafer, Mike McGowan and John Goodpasture in GPG
has been very rewarding because these individuals gave me responsibility
along with the room to create and innovate and then implement the ideas
generated.

Currently, in Business Consulting, Mike McGowan, has given me the opportunity
to be supported by our Associate, Kristen Hand, from the Analyst/Associate
Program, which has seeded creativity and innovation even further.

In response to your request for ideas, I consider your invitation to share
ideas with you to be more than just an invitation.  I consider it to be a
challenge by you to the employees to find innovative ideas to send to you.
Since I pride myself on being one of the innovators in GPG, I would not want
you to think that a lack of ideas coming your way is any indication of a lack
of innovative thinking on the 41st floor or elsewhere in GPG.

A suggestion:  It might be helpful if you gave employees an area of interest
that you would like to hear creative ideas for.  For instance, ideas could
possibly be sent to you for:
outside-of-the-box thinking on new business opportunities
better ways of getting ideas to percolate within the organization
improvements to the GPG Intranet site
how to make GPG the best place to work within Enron
subjects that the employees would like to hear more information about
to name just a few.

Observation:  Innovation is a little like popcorn popping.  Only a few will
kernels will pop until the conditions are just right.  It seems as though,
some kernels have to start popping in order to encourage the others to pop.

Several months ago, eThink brought a trainer in for several 2 hour sessions
that were not well attended by GPG employees and were not offered in Omaha.
At this training we learned that creative thinking is enhanced when both
sides of the brain are used, so we ate "Think" energy bars, wore tube socks
(studies show that more ideas come when you are wearing tube socks) and had
lots of colorful and fun items on the tables.  What if GPG held innovation
breaks occasionally with energy bars, colored markers, chart paper, colorful
and fun items, etc.. to generate any and all thoughts on a particular
subject?  These sessions would accomplish multiple goals of teaching about
how to use tools to tap into the creative side of one's thinking, lightening
up the work environment to let innovative ideas begin to flow and generating
many ideas on the subject of your choice.

Thank you for the opportunity to share these ideas with you.
Sarabeth Smith


Elizabeth Edwards 44 20 7783 4419 (JT- Assistant)


Attached is the notice for our October  meeting.?I hope to see you there.
?
Jack Tompkins
 - Houston Christian Business Group.doc


Luchas has been working on them and will be finished within the hour.

Errol


This resource request has been rejected. You can view the details of the  request by clicking http://itcapps.corp.enron.com/srrs/auth/emailLink.asp?ID=000000000070768&Page=MyReq.

Request ID          : 000000000070768
Approver Type       : Data
Signature           : phillip.m.love@enron.com
Comments            : reject per Anne Bike
Request Create Date : 10/24/01 2:27:37 PM
Requested For       : mike.grigsby@enron.com
Resource Name       : \\enehou\houston\common\ERMS\1intra - [Read/Write]
Resource Type       : Directory


I agree with bc gas  on deal 470448 I have changed  it in sitara


I've got 2 in Sec 106 Row 25 @ face value if you're still interested.

DG


Diane or Patrick,

Please email or provide hard copies of the Confirmation(s) ENA has with the captioned counterparty.

Thanks
Cordially,
Susan S. Bailey
Enron North America Corp.
1400 Smith Street, Suite 3803A
Houston, Texas 77002
Phone: (713) 853-4737
Fax: (713) 646-3490
Email: Susan.Bailey@enron.com


Welcome to Enron.  I'm glad that you made the decision to come here.
Hopefully, that decision will feel right to you in a very short period of
time!  Look for Kristin Albrecht and Leslie Reeves in power on 31.  They know
more about our power business than almost anyone on the floor.  They both
report to me.  Kristin heads risk management and Leslie leads operations.
They can help you on any details about our power business.

My office is on the 30th floor - EB3015.  Stop by if you get the chance.  I
will be moving to the 33rd floor during the week of July, actually while I am
on vacation.  Have a great long weekend.  --Sally

Robert Stalford@ENRON
06/30/2000 10:26 AM
To: Sally Beck/HOU/ECT@ECT
cc:
Subject: I've started

Sally,

Today is my first day here in Dana's group.  My ext. is 6768.  Thanks for
your help.


FYI: These are the results of the soft targets for Q1.


tx- caps were eliminated so this should improve?? rick


One quick question - the LLC agreement provides for audit rights in relation
to all of enovate's business.  Do you think that this CA also covers the
provision of information for audit purposes?  If not, can we include that in
this CA or should we have a separate CA for audit?

Thanks - Gregg

	Kathleen Carnahan
	11/09/2000 03:32 PM

		 To: Gregg Penman/Corp/Enron@Enron
		 cc:
		 Subject: Peoples and enovate Confidentiality Agreements

Gregg,

Attached are the drafts of CA's for enovate for your review.  I am going to
go ahead and have Kay approve these unless you have some major changes.

Please advise.

Kathleen


See below for selections.
Stacey

	Enron North America Corp.

	From:  Sally Beck                           10/10/2000 05:58 PM

Sent by: Patti Thompson
To: Mike Jordan/LON/ECT@ECT, James New/LON/ECT@ECT, Mike
Wellings/LON/ECT@ECT, Coralie Evans/LON/ECT@ECT, Robert Yeo/LON/ECT@ECT, Paul
D'Arcy/LON/ECT@ECT, David A Wall/Risk Mgmt/LON/ECT@ECT, Andrew
Cornfield/LON/ECT@ECT, Cindy Horn/LON/ECT@ECT, Jeffrey C Gossett/HOU/ECT@ECT,
Leslie Reeves/HOU/ECT@ECT, Bob M Hall/NA/Enron@Enron, Stacey W
White/HOU/ECT@ECT, Peggy Hedstrom/CAL/ECT@ECT, Brenda F Herod/HOU/ECT@ECT,
Brent A Price/HOU/ECT@ECT, Scott Earnest/HOU/ECT@ECT, D Todd
Hall/HOU/ECT@ECT, Sheila Glover/HOU/ECT@ECT, Kevin Sweeney/HOU/ECT@ECT,
Fernley Dyson/LON/ECT@ECT, Heidi Mason/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT,
Jan-Erland Bekeng/AP/Enron@Enron, Scott Mills/HOU/ECT@ECT, Barry Pearce/Enron
Communications@Enron Communications, Kristin Albrecht/Enron
Communications@Enron Communications, Wanda Curry/HOU/ECT@ECT, Meredith M
Eggleston/HOU/EES@EES, Shona Wilson/NA/Enron@Enron, Eugenio
Perez/HOU/ECT@ECT, Michael E Moscoso/HOU/ECT@ECT, Neil Tarling/Enron
Communications@Enron Communications
cc:
Subject: Global Operations Controller Forum

Please fill in the following information and email (or fax 713-345-8100) to
me as soon as possible. (The same day would be great!)

Please select dinner entr,e for Sunday, Oct 22	Pan seared medallions of Black
Angus tenderloin, or	XXXXXXX
	Grilled chicken breast w/ artichoke, mushrooms & light herb sauce
Hotel reservation:	Both Sunday and Monday nights
	Sunday night only
	Monday night only	XXXXXXX
	Extend for additional nights
	Smoking or non-smoking room	Non-smoking
Flight information:	Date of arrival
	Airline/flight number
	Houston arrival time
Shirt size:	Women's or men's size	Women's
	small, med, large, x-large, xx-large	Medium

Thanks,
Patti x39106


Just talk to Hunter about the transition.  I'll call Steve Horn if you'd
like.  Jeff

Massimo Marolo@ENRON
11/06/2000 10:41 AM
To: Jeffrey A Shankman/HOU/ECT@ECT
cc:
Subject: Rotation

Jeff,

HTC got back to me saying that they are interested in having me rotate to
their group. They want me to schedule a brief meeting with Steve Horn to let
him know that I will be the next Enron person over there. My only concern is
that they would like me to get there a bit earlier than scheduled (probably
around 15 to 30 days before). I am extremely interested in this rotation but
hope that transferring early does not create any problems. Do you have any
suggestions on how I might tackle this issue?

Thank you so much for everything

Massimo


Looks like a permanent cancellation to me - at least for now!  We can work
with Wes on the best ways to stay abreast of developing deals that impact
Enron Americas.
---------------------- Forwarded by Sally Beck/HOU/ECT on 02/21/2001 01:35 PM
---------------------------

	Enron North America Corp.

	From:  Michele Beffer @ ENRON                           02/21/2001 01:12 PM

To: Roger Ondreko/HOU/ECT@ECT, Cris Sherman/HOU/ECT@ECT, Stanley
Farmer/Corp/Enron@ENRON, Herman Manis/Corp/Enron@ENRON, David
Leboe/HOU/ECT@ECT, Drew Kanellopoulos/NA/Enron@Enron, Stephen H
Douglas/HOU/ECT@ECT, Sally Beck/HOU/ECT@ECT, Hope Vargas/HOU/ECT, Rodney
Faldyn/Corp/Enron@Enron, Faith Killen/HOU/ECT@ECT, Georgeanne
Hodges/HOU/ECT@ECT, Susan Helton/HOU/ECT@ECT, Joseph Deffner/HOU/ECT, Gail
Tholen/HOU/ECT@ECT, Thomas Myers/HOU/ECT, Jim Coffey/HOU/ECT@ECT, Mark
Lian/Corp/Enron@ENRON, Tammy R Shepperd/HOU/ECT@ECT, Bob M Hall/NA/Enron@Enron
cc: Alisha Guerrero/HOU/ECT@ECT, Grace Taylor/Corp/Enron@ENRON, Patti
Thompson/HOU/ECT@ECT, Paula Forsyth/Corp/Enron@ENRON, Shelley
Grover/Corp/Enron@Enron, Megan Angelos/NA/Enron, Renee Ingram/HOU/ECT@ECT,
Cindy Stokes/ENRON@enronXgate, Nicole Mendez/HOU/ECT, Lisa
Lunz/Corp/Enron@ENRON, Kelly Ellis/Corp/Enron@Enron
Subject: Wes' Hot List Meeting

Please note that Wes Colwell's Bi-weekly Hot List meeting has been cancelled,
please remove these meetings from your calendar.  If you have any questions,
please feel free to call myself or Michele Beffer at ext. 57681.  FYI, the
next meeting was scheduled for 2/22 at 1:30pm.


Here it is.  It also includes Naomi's name/address.


Marketing has informed gas control that there is now a common OBA between the Pecos and Ward points.  This means that we can now sum the two schedules together and make the delivery at either point.  Lonestar gas control is also fully aware of this.


here it is

 -----Original Message-----
From: 	Kean, Steven J.
Sent:	Thursday, October 25, 2001 10:28 PM
To:	Ewald, Laura; Brindle, John; Palmer, Mark A. (PR)
Subject:	RE: message to go out re: increased security

Redraft (confirm):

	Late on October 25th, we received information about a possible threat to the Enron Center.  We are in communication with law enforcement authorities who have informed us that the threat is not specific and is unsubstantiated.  Nonetheless we take all threats seriously and have increased the security presence at the Enron Center still further.  In addition, today's Big E Cafe event has been cancelled.

	Once again, if you observe suspicious behavior, please call security at 3-6200.

 -----Original Message-----
From: 	Ewald, Laura
Sent:	Thursday, October 25, 2001 7:52 PM
To:	Brindle, John; Kean, Steven J.; Palmer, Mark A. (PR)
Subject:	message to go out re: increased security

whaddya think???

To:  All Houston Employees
From:  Corporate Security
Subject:  Increased Security at Enron Centers

	Late on 25 October, we received information about a possible threat to the Enron Building.  We are in touch with local law enforcement authorities who have informed us that this threat remains unsubstantiated.   Nonetheless, we take all threats seriously as the security of our employees and facitlites is paramount.  Therefore, we have increased the security posture at the Enron Centers, including an increased HPD presence.

	We will keep all employees apprised of any new developments as they occur.


Good news.  Congratulations and good luck.


Darren,
Please review the names below and let me know if there are any other names
that need to be added or subtracted from your group for PRC purposes.  Thanks
for your help, hgm

Sr. Specialist
Ami Chokshi
Stacey Neuweiler


We cannot enter into  a contract with TXU as they require ENA to warrant gas sold is "intrastate" gas.  For obvious reasons this is not possible.  Please give me a call should you wish to discuss this further.

Dp

Debra Perlingiere
Enron North America Legal
1400 Smith Street, EB 3885
Houston, Texas 77002
dperlin@enron
713-853-7658
713-646-3490 Fax


Don-

Attached for your review is a revised draft of the teaser, as well as the
disclaimer and Section 2 of the Info Memo.

Thanks,

 Rishi Modi
> 212-325-9130  (phone)
> 212-325-8047  (fax)
 rishi.modi@csfb.com

> CREDIT | FIRST
> SUISSE | BOSTON
> Global Energy &
>         Project Finance Group
>
 <<teaser.doc>>  <<Discl-Section 2.doc>>

This message is for the named person's use only.  It may contain
confidential, proprietary or legally privileged information.  No
confidentiality or privilege is waived or lost by any mistransmission.
If you receive this message in error, please immediately delete it and all
copies of it from your system, destroy any hard copies of it and notify the
sender.  You must not, directly or indirectly, use, disclose, distribute,
print, or copy any part of this message if you are not the intended
recipient. CREDIT SUISSE GROUP and each of its subsidiaries each reserve
the right to monitor all e-mail communications through its networks.  Any
views expressed in this message are those of the individual sender, except
where the message states otherwise and the sender is authorised to state
them to be the views of any such entity.
Unless otherwise stated, any pricing information given in this message is
indicative only, is subject to change and does not constitute an offer to
deal at any price quoted.
Any reference to the terms of executed transactions should be treated as
preliminary only and subject to our formal written confirmation.

 - teaser.doc
 - Discl-Section 2.doc


---------------------- Forwarded by Benjamin Rogers/HOU/ECT on 09/25/2000
02:00 PM ---------------------------

Jonathan Hoff
09/25/2000 01:27 PM
To: Benjamin Rogers/HOU/ECT@ECT
cc:
Subject: New Albany


is the "Word" icon showing up down below?

 -----Original Message-----
From: 	Hyatt, Kevin
Sent:	Wednesday, January 16, 2002 2:56 PM
To:	Geneva Davis (E-mail); Lesli Campbell (E-mail); Mann, Ruth
Cc:	'string304@cs.com'; Millar, John; Margoliner, George; Smith, Mike J; Rush, Pamela; Lee, Dennis
Subject:	FW: thank you letter

I sent this to the 1400smith and enronx website masters.
kh

 -----Original Message-----
From: 	Hyatt, Kevin
Sent:	Wednesday, January 16, 2002 2:28 PM
To:	'webmaster@1400smith.com'
Subject:	thank you letter

I am writing to you as Co-chair of the 2001 Enron Kids program.

A lot of ex-Enron folks who use your website were involved in this year's Gordon Elementary School adoption program.  Many of these people sacrificed some of their own Christmas so that kids at Gordon Elementary would not be let down.  I would like them to know that their efforts were truly appreciated by the students, faculty, and especially those of us on the Committee.  Would you please consider posting on your site the attached thank-you letter from the school?

thank you
Kevin Hyatt
Co-Chair
Enron Kids Committee 2001


Dan--

I apologize for not getting this to you sooner, it's been very chaotic over
here.........

Veronica


I thought that Brenda's meeting is on Tuesday the 8th.

D

	From:  Yvette G Connevey @ ENRON                           02/01/2000 04:01 PM

To: Daren J Farmer/HOU/ECT@ECT
cc:
Subject: Internal Pool Meeting

This conflicts with Brenda's staff meeting. Do you want to send Stacey in
your place? Let me know
Y
---------------------- Forwarded by Yvette G Connevey/Corp/Enron on
02/01/2000 03:59 PM ---------------------------

Heather Choate@ECT
02/01/2000 03:29 PM
To: Randall L Gay/HOU/ECT@ECT, Katherine L Kelly/HOU/ECT@ECT, George
Smith/HOU/ECT@ECT, Edward Terry/HOU/ECT@ECT, Daren J Farmer/HOU/ECT@ECT, Pat
Clynes/Corp/Enron@ENRON
cc: Yvette G Connevey/Corp/Enron@ENRON, Ragayle Pellum/HOU/ECT@ECT, Alex
Saldana/HOU/ECT@ECT, Robert Superty/HOU/ECT@ECT, Scotty Gilbert/HOU/ECT@ECT,
Brenda F Herod/HOU/ECT@ECT, Bryce Baxter/HOU/ECT@ECT

Subject: Internal Pool Meeting

Please plan to attend a meeting to discuss the transition from internal pools
to service contract pools...

  Wednesday, February 9, 2000
  at 2pm in EB3084

 If you are not able to attend this meeting please send someone in your
place.

 Thank you,
 Heather Choate
 for Scotty Gilbert
---------------------- Forwarded by Heather Choate/HOU/ECT on 02/01/2000
03:23 PM ---------------------------

	From:  Scotty Gilbert                           02/01/2000 02:48 PM

To: Heather Choate/HOU/ECT@ECT
cc: Randall L Gay/HOU/ECT@ECT, Katherine L Kelly/HOU/ECT@ECT, George Smith,
Edward Terry/HOU/ECT@ECT, Daren J Farmer/HOU/ECT@ECT, Robert
Superty/HOU/ECT@ECT, Brenda F Herod/HOU/ECT@ECT, Bryce Baxter/HOU/ECT@ECT
Subject: Internal Pool Meeting

Heather can you set up a meeting in my office to discuss the transition from
internal pools to service contract pools.

Scotty

attendees
R. Gay
K. Kelly
G. Smith
E. Terry
D. Farmer
P. Klyne

or sub if they cannot attend


All,

It is my understanding that transmission stacking was to be used when
aggregating multiple OASIS reservations from the same transmission provider
on a single tag.  The stacking of OASIS reservations in descending order of
priority works for a single xmn provider, and the tag author's use of the
descending stacking methodology can be verified by that transmission
provider.  Doesn't using multiple xmn providers eliminate this checking
mechanism?  Or is the idea of the transmission provider verifying the stack
order distasteful?

Finally, is allowing xmn stacking with multiple xmn providers the logical
extension of allowing xmn stacking with one provider?

Chris Smith
California ISO
Prescheduling
Phone  (916) 351-2180
Email at csmith@caiso.com

-----Original Message-----
From: Scholtes, Diana [mailto:Diana.Scholtes@ENRON.com]
Sent: Thursday, July 26, 2001 3:02 PM
To: Interchange Scheduling & Accounting Subcommittee (ISAS)
Subject: Transmission Stacking up for debate

et al:

I have a Preschedule Tag (implemented only for the day) that is raising
some eyebrows that needs to be up for discussion.

Transaction Path

CA	TP	PSE		Product	Path		OASIS #	Level	Info
Ref

PNM		PNMMS1
G;FS	PV5
AZPS
SRP	PNM	PNMMS1	7-F		PV5/WW	8155		9	FS
9 MW'S

SRP	EPE	PNMMS1	7-F		PV5/WW	413		6	FS
6 MW'S
AZPS
WALC	SRP	PNMMS1	7-F		WW/MED	00005703		FS

		EPMIWE
FS
NEVP		CRCH1
L;FS	SWA

No. 14.. Business Practices- "Multiple transmission reservations or
grand fathered transmission contracts may use the "level" capability of
the e-tag.  The PSE should list their stacked transmission segments in
descending order of priority."

The reason this is causing some problems is due to the multiple
transmission providers.  All CA's and TP's approved the tag initially,
but then was rejected as a future tag.  I would propose having the
Business practice amended to allow the tag to display multiple
transmission providers.  On the original tag, the MW break-out was
clearly defined under the Reference field and also on the Comments
field.  It appears that all control areas also should be able to check
out with one another.

Diana Scholtes
Enron North America
(503) 464-3807

**********************************************************************
This e-mail is the property of Enron Corp. and/or its relevant affiliate and
may contain confidential and privileged material for the sole use of the
intended recipient (s). Any review, use, distribution or disclosure by
others is strictly prohibited. If you are not the intended recipient (or
authorized to receive for the recipient), please contact the sender or reply
to Enron Corp. at enron.messaging.administration@enron.com and delete all
copies of the message. This e-mail (and any attachments hereto) are not
intended to be an offer (or an acceptance) and do not create or evidence a
binding and enforceable contract between Enron Corp. (or any of its
affiliates) and the intended recipient or any other party, and may not be
relied on by anyone as the basis of a contract by estoppel or otherwise.
Thank you.
**********************************************************************


Hello, everyone.  I just wanted to let you know as of December 1, 2000,
this will no longer be a valid email address.

My new email address is Lostincorpus@aol.com

It seems fitting on several degrees.  I hope everyone had a good
Thanksgiving.

Love Ya,

Ines.


.82 by .835


The type of power is key.  There is a huge difference between your basic
Aiwa amplifier in comparison to Harmon Kardon.  If you tell me what kind of
speakers he wants, that would help.  ALso, is he using an Amp or a receiver?

-----Original Message-----
From: Eric.Bass@enron.com [mailto:Eric.Bass@enron.com]
Sent: Monday, November 06, 2000 1:24 PM
To: Bass, Jason
Subject: Home Audio?

A guy at work is thinking about upgrading his home speakers.  He really
likes a set already and wants to buy them, but they require a high powered
amp.
His question is does the quality of the amp make that big of a difference
assuming equivalent power levels?  i.e for a given level of power how much
does the quality of the high end amp matter?

Thanks


- Quotes21.xls


Here is Part I of the Staff report (on Calfornia).


-----Original Message-----
From: 	Storey, Geoff
Sent:	Friday, December 14, 2001 2:11 PM
To:	Kitchen, Louise; Webb, Jay
Subject:	model, files and apps

Here's what I have received so far.
This is an incomplete list.
There are still several traders I have not talked to.

Vince is still compiling his list for Research.

Central and West Logistics, east orig & trading, west gas orig, structuring and canada have not submitted.

Central and west gas trading is incomplete.

I have weather, fundies, arnold's group, fred's group, laura's group, gosset's, and all the apps.

Lloyd Will is handling all of power including Portland.

I will be out all next week but available on cell (412-4632).

Geof


David,
Attached below is the draft form EPC contract (cost-plus, like we discussed
at our mtgs in SF this week) that I sent to Lisa, Roseann and Sheila last
night.

1
---------------------- Forwarded by Karen E Jones/HOU/ECT on 10/27/2000 09:06
AM ---------------------------

Kay Mann@ENRON
10/27/2000 06:04 AM
To: David Leboe/HOU/ECT@ECT
cc: Herman Manis/Corp/Enron@ENRON, Roger Ondreko/HOU/ECT@ECT, Karen E
Jones/HOU/ECT@ECT, Sheila Tweed/HOU/ECT@ECT
Subject: Re: Standard EPC contract

Karen Jones (in Portland) and Sheila Tweed have been working on just the same
thing, so I'm forwarding your request to them.

Kay

	From:  David Leboe @ ECT                           10/26/2000 04:45 PM

To: Kay Mann/Corp/Enron@Enron
cc: Herman Manis/Corp/Enron@ENRON, Roger Ondreko/HOU/ECT@ECT

Subject: Standard EPC contract

Next week, Herman and I will be working on a generic 97-10 compliant EPC
contract.

Could you forward electronic versions of 1) basic fixed price EPC contract
and 2) basic Cost Plus EPC contract.

Call me if you have any questions.

Thanks.


Leslie:
I left in your chair comments/questions I had on what you drafted.  Some of
my comments may reflect my inability to understand exactly what we are
doing.  When you send this around, could you please send a copy to Joe Hunter
on the confirms desk?  Alos, Rod Nelson is our credit person.  Finally, on
the LeBeouf side, please include Bruce Wright in addition to Scott, John and
Sam.  Bruce's e-mail address is pwright@llgm.com.  Thanks.
Carol


I will be attending the lunch.

-Eric x3-0977

	From:  Ami Chokshi @ ENRON                           01/20/2000 10:06 AM

To: Brenda F Herod/HOU/ECT@ECT, dscott1@columbiaenergygroup.com, Daren J
Farmer/HOU/ECT@ECT, Rita Wynne/HOU/ECT@ECT, Lisa Csikos/HOU/ECT@ECT, Pat
Clynes/Corp/Enron@ENRON, Eric Bass/HOU/ECT@ECT
cc: Yvette G Connevey/Corp/Enron@ENRON, Pamela Chambers/Corp/Enron@Enron
Subject: CES Deal Summary

The meeting has been time has been changed to 11:30 am-1:00 pm. Please let me
know if you'll be able to attend and/or if there will be any others
attending, so we can have an accurate head count for lunch.

Ami
3-9272

The following meeting is to discuss the new deals that have come to the Texas
desk from CES

TOPIC:  CES Deals Summary
DATE:  Friday, January 21
TIME:   2:00 PM - 3:00 PM
LOCATION:  3749

Please e-mail me prior to Friday with any specific questions that you may
want to address.

Thank you,

Ami
3-9272


This is to confirm my earlier phone conversation with the security desk:

effective immediately, terminate access to the Enron Building for Asem Atta.  If Mr. Atta attempts to enter the facility please call any one of the following individuals:

Steve Kean
Executive Vice President and Chief of Staff (3-1586); home (713.621.6550)

John Brindle
Senior Director, Business Controls (3-3843)

John Presley
Business Controls

Please deal with Mr. Atta firmly but with courtesy and respect.


For better or for worse, I am the person that you should direct people to if
things escalate.  However, I will be out of the office next week.  In my
absence, have people call Richard Sanders.

Thanks.

	Chris Behney/ENRON@enronXgate
	06/07/01 04:42 PM

		 To: Andrew Edison/NA/Enron@Enron
		 cc:
		 Subject: RE: Electronic Mail Retention

One question that I want to be clear on is our response to someone who
complains...  I know you told me that we should simply say its our policy,
but undoubtedly, they are going to escalate.  Who do we point them to at that
point?

CB

 -----Original Message-----
From:  Edison, Andrew
Sent: Thursday, June 07, 2001 4:39 PM
To: Behney, Chris
Subject: Electronic Mail Retention

Here is the latest draft of the policy:

 << File: Email retention memo.doc >>


Patricia,

Sara is unable to open your attachment.  Could you please fax the information
to her.  The fax number is 713-646-3490.

Thank you,

Kaye

"LOPEZ AUFRANC, Patricia" <PLA@marval.com.ar> on 03/22/2000 02:46:52 PM
To: Sara Shackleton/HOU/ECT@ECT
cc:
Subject: sellosisda.doc

 Sara:  Answer to your queries attached.  Best regards Patricia

---------------------------------------------------------------------
Este mensaje es confidencial. Puede contener informacion amparada
por el secreto profesional. Si usted ha recibido este e-mail por error,
por favor comuniquenoslo inmediatamente via e-mail y tenga la
amabilidad de eliminarlo de su sistema; no debera copiar el mensaje
ni divulgar su contenido a ninguna persona. Muchas gracias.

This message is confidential. It may also contain information that is
privileged or otherwise legally exempt from disclosure. If you have
received it by mistake please let us know by e-mail immediately and
delete it from your system; should also not copy the message nor
disclose its contents to anyone. Many thanks.
 ---------------------------------------------------------------------

 - att1.unk


Andrea,

If I left anything out, please let me know.  Also, we have an office in
Chicago and they are looking for an Analyst also.  I have some
responsibilities for the Chicago region as well as the West region here in
the Houston office.  Richard Tomaski (312-541-1231) is the lead trader in the
Chicago office and I told him I would mention this request to you.  Will you
please call him at your convenience so he can elaborate on the situation.
Thanks.

DG    3-9573

	Enron North America Corp.

	From:  Andrea Richards @ ENRON                           12/06/2000 09:06 AM

To: Darron C Giron/HOU/ECT@ECT
cc: Jana Giovannini/HOU/ECT@ECT
Subject: Analyst Needs Assessment Form

Darron, per my conversation to you this morning, please complete the attached
"Needs Assessment Form " and return to me so that I may forward resumes to
you of candidates that fit your need.

Thanks!
Andrea
x36499
---------------------- Forwarded by Andrea Richards/NA/Enron on 12/06/2000
09:05 AM ---------------------------

Shelly Jones@ECT
12/05/2000 06:32 PM
To: Jana Giovannini/HOU/ECT@ECT, Andrea Richards/NA/Enron@Enron
cc:

Subject: Analyst Recruiting

for you
---------------------- Forwarded by Shelly Jones/HOU/ECT on 12/05/2000 06:32
PM ---------------------------

	Enron North America Corp.

	From:  Darron C Giron                           12/04/2000 09:34 AM

To: Shelly Jones/HOU/ECT@ECT
cc:
Subject: Analyst Recruiting

Shelly,

I am looking for an Analyst to fill a position in Gas Risk Management.  I am
the West Desk Controller and report to Jeff Gossett.  I think a Book
Administrator role is a good position for an Analyst.  We have had success in
with Analysts in our group.  I think it presents a good opportunity for them
as well.  Please let me know how I can get on a list to talk with potential
candidates.  I am ignorant of the process, so if I am presuming something
incorrect, I would appreciate info on how this is supposed to work.  Thanks
for your help.

DG    3-9573


Steve,

Attached is the requested list of my major accomplishments in 2000.  Please
let me know if you require additional information.

John


The 01 plants are on the intranet


Do you know the name of a contact I can send the draft at this company?

Thanks!


Cara,

	The pos0201 spreadsheet is out there.   We will use CRC as an upstream at Mead 230 HLH and El Paso Electric as an upstream at Four Corners LLH for wheeling to Pinnacle Peak.  AEP has been selected as the upstream for all other requirements.

Thanks

Mark


GRH is Houston's premier home builder.  GRH now has new homes in several new
subdivisions near I-45 South and Almeda Genoa (within one mile of Almeda
Mall) starting in the low $100's.

Come by the sales office (open 7 days a week) located at 9991 Almeda Genoa
(West of I-45 South) or call 713-991-0026 for more information.

GRH can get you easy financing right on site!

This Wednesday look for the GRH ad in The Houston Chronicle insert called
!Vivelo!.  It is a 4-page color magazine style insert.


I've allowed one person to enter Enron America into Jacoby's group from Broadband.  We need to be very selective because Broadband and EES will have people who will be put into redeployment.  I expect Louise or I to approve any employee who enters Enron America.  I will accept no exuses if someone slips in.


The Popsprd bridge will be migrated to Nahou-Scacl1 on April 26th for
debugging purposes. This migration should be transparent for Pops users with
the exception of personal spread sheets using Pops tags. The node name for
Pops tags on personal spread sheets will need to be changed to Nahou-Scacl1
to allow for updating of Pops data.

Please call me if you have any questions concerning the migration.

-Steve


Does this make sense to you?
---------------------- Forwarded by Mark - ECT Legal Taylor/HOU/ECT on
12/01/98 01:30 PM ---------------------------

	Enron Capital & Trade Resources Corp.

	From:  Tana Jones                           12/01/98 12:36 PM

To: Bob Bowen/HOU/ECT@ECT, Jefferson D Sorenson/HOU/ECT@ECT, Mary G
Gosnell/HOU/ECT@ECT, Joe A Casas/HOU/ECT@ECT, Tara Eslick/HOU/ECT@ECT, Chris
Brewster/HOU/ECT@ECT, Bernice Rodriguez/HOU/ECT@ECT, Lucy Ortiz/HOU/ECT@ECT,
Laurel Adams/HOU/ECT@ECT, Dale Neuner/HOU/ECT@ECT, William S
Bradford/HOU/ECT@ECT, Debbie R Brackett/HOU/ECT@ECT, Nidia A
Martinez/HOU/ECT@ECT, Brandon Wax/HOU/ECT@ECT, Tanya Rohauer/HOU/ECT@ECT,
Brant Reves/HOU/ECT@ECT, Rod Nelson/HOU/ECT@ECT, Julio Casillas/HOU/ECT@ECT,
Kelly Minear/HOU/ECT@ECT, Tracy Ngo/HOU/ECT@ECT, Brent Hendry/HOU/ECT@ECT,
Marie Heard/HOU/ECT@ECT, Yao Apasu/HOU/ECT@ECT, Sara Shackleton/HOU/ECT@ECT,
Mark - ECT Legal Taylor/HOU/ECT@ECT, Shari Stack/HOU/ECT@ECT, Elizabeth
Sager/HOU/ECT@ECT, Susan Flynn/HOU/ECT@ECT, Toni P Schulenburg/HOU/ECT@ECT,
Rhonda L Denton/HOU/ECT@ECT, Mary Solmonson/HOU/ECT@ECT, Marilyn
Colbert/HOU/ECT@ECT, Yolanda Cordova-Gilbert/HOU/ECT@ECT, Diane
Ellstrom/HOU/ECT@ECT, Susan D Vrazel/HOU/ECT@ECT, Lynn E Shivers/HOU/ECT@ECT,
Caroline Benton/HOU/ECT@ECT, Willie Harrell/HOU/ECT@ECT, Melissa
Graves/HOU/ECT@ECT, EddieLynn Morgan/HOU/ECT@ECT, Bill D Hare/HOU/ECT@ECT,
Robert B Cass/HOU/ECT@ECT, Leslie Reeves/HOU/ECT@ECT, Jason
Moore/HOU/ECT@ECT, Paul Waine/LON/ECT@ECT, Amita Gosalia/LON/ECT@ECT, Paul
Simons/LON/ECT@ECT, Edmund Cooper/LON/ECT@ECT
cc:
Subject: Chase Manhattan Bank/Euro Payments

We have received notification from Chase dated 10/21/98 with respect to FX
and FX Option transactions out of its London branch.  Chase Manhattan Bank,
London will maintain its Euro account with Chase Manhattan Bank A.G.,
Frankfurt.  Effective 1/1/99, all existing payments in the European curency
unit shall be payable in euro to such account.  Please see the 10/21/98
letter for the relevant currencies and account information.  A copy of this
letter will be distributed to the usual suspects.


Susan - Hope you enjoyed the Holiday!  I was hoping to hear back from you by
Tuesday of this week regarding our requested changes to your form ISDA.
Please give me a call or and email so that we can finalize this ISDA.

Thanks and I look forward to hearing from you.

Kathleen Muller
Senior Attorney
Pinnacle West Capital Corporation
Law Dept.
Phone:          (602) 250-2584
fax :                (602) 250-3393
mail station:  8695
email:             kathleen.muller@pinnaclewest.com

-----Original Message-----
From: Muller, Kathleen (Z69706)
Sent: Thursday, May 25, 2000 11:06 AM
To: 'Susan Bailey'
Cc: Sara Shackleton; Rod Nelson; Kim Ward; McAdams, Steve R(Z70410);
Young, Angela (Z99133); Murphy, Steve (Z69945); Paulk, Carol (Z73852);
Muller, Kathleen (Z69706)
Subject: RE: Arizona Public Service Company
Importance: High

Susan - attached is our mark-up of your document - our requested changes are
shown in red.  We would very much like to get this document executed by
tomorrow if possible.  If it would help expedite the process please call me
at 602 250-2584.  Thanks very much for your quick turn around on this.

Kathleen Muller
Senior Attorney
Pinnacle West Capital Corporation
Law Dept.
Phone:          (602) 250-2584
fax :                (602) 250-3393
mail station:  8695
email:             kathleen.muller@pinnaclewest.com


The e-copy.
---------------------- Forwarded by Steven J Kean/NA/Enron on 06/07/2001
03:44 PM ---------------------------

Richard Shapiro
05/17/2001 04:34 PM
To: Dan Leff/HOU/EES@EES, Harry Arora/Enron@EnronXGate
cc: Steven J Kean/NA/Enron@Enron

Subject: Demand buy-down proposal

As we discussed....... as much flesh as we can put on this by midday
tommorrow would be quite helpful. I would think there are significant
aggregation opportunities available to us once this is implemented. Let me
know what else you need from me. Thanks.


Sounds good.  I will look for the overnight.


lunch and meet afterwards.

may need to be in austin though