Today's IssueAlert Sponsors:

  <http://secure.scientech.com/rci/wsimages/customer-carebanner.jpg>
SCIENTECH is currently interviewing 1,500 utilities on CIS/CRM and customer care in the United States and Canada to determine:

The leading software providers
Drivers of utility technology decisions
Analysis of license sales versus ASP sales
New market opportunities
Growing/shrinking software markets

Download a sample prospectus for an introduction to this new survey at: <http://secure.scientech.com/specialpages/Multi_Client.asp> and
contact Jon Brock at 505-244-7607 for more details.

  <http://secure.scientech.com/rci/wsimages/scientech_logo_small.jpg>
  <http://secure.scientech.com/rci/wsimages/IssueAlert_Logo_188.jpg>

October 17, 2001

AES Hits Brick Wall in Venezuelan Acquisition

By Will McNamara
Director, Electric Industry Analysis

  <http://secure.scientech.com/rci/wsimages/will100border_copy.jpg>

[News item from Reuters] Venezuelan telecommunications firm CANTV, or Compania Anomima Nacional Telefonos, facing a $1.37-billion hostile takeover bid by AES Corp. (NYSE: AES) has forced a showdown with the U.S.-based global power company by announcing a share repurchase program. The Board of Directors of CANTV, Venezuela's biggest telecommunications company, recommended that shareholders approve a proposed share buyback program of up to 15 percent of CANTV's shares at a price of $30 per American Depositary Share (ADS), or approximately $4.29 per share. Analysts said the CANTV Board's proposals, which would be submitted to shareholders at an extraordinary meeting set for Oct. 24, clearly flung down the gauntlet to AES.

Analysis: AES' expansion in Latin America's telecommunications market was always seen as a risky move, and now that risk seems to be resulting in a big bite out of the company's strategy. CANTV, which was an appealing takeover target for AES due to its long-standing monopoly over the telecom market in Venezuela, has a strong ally in the form of Verizon Communications (NYSE: VZ), which holds a 28.5-percent stake in the company. Verizon came out in support of the 15-percent repurchase program being launched by CANTV, which clearly is a form of aggressive resistance against AES' efforts to gain control over the company. The repurchase could be seen as a power play, with Verizon also seeking to increase its share in CANTV, which many analysts might see as a more appropriate synergy. However, this story also highlights the difficulty that AES has had with its expansion efforts in Latin America, especially since CANTV's resistance comes on the heels of AES' pulling out of another acquisition project in Ecuador.

For background, it is important to note that AES already owns 6.9 percent of CANTV through its majority ownership of Electricidad de Caracas, Venezuela's largest private electricity company. Thus, the takeover effort is an attempt to gain majority ownership of the company and take control away from Verizon. CANTV, which was privatized a decade ago, is a full-service telecommunications provider offering switched and local, domestic and international long-distance service throughout Venezuela Company. CANTV also offers mobile cellular services, wireless services, Internet access and other value-added services, and owns all of the Venezuelan public exchanges and national network of public telephone lines. CANTV became privatized about 10 years ago and until last year reportedly had a monopoly on the fixed-line telephone service in Venezuela. The company has a market capitalization of $2.6 billion.

AES had bid $24 in cash for each of the 28.57-million U.S.-listed shares in CANTV and $3.43 in cash for each of the 200 million shares of CANTV traded in Venezuela. AES' offer for CANTV's American shares represents a 9.2-percent premium over CANTV's closing price of $21.98 on Aug. 29, the time at which the takeover effort was launched. From the start of the offer, some critics charged that this bid was too low, but AES has maintained that the offer is fair. AES reportedly plans to sell off CANTV's mobile services, which account for about a quarter of the company's revenues, and distribute the proceeds to shareholders.

CANTV was never very receptive to AES' bid, and did consider it to be a hostile takeover. In fact, workers' representatives at CANTV circulated a statement strongly objecting to the bid from AES, stating that the deal would severely damage Venezuela and CANTV workers. CANTV employees hold a 10.9-percent interest in the company. Now we see that CANTV is upping that resistance a notch by attempting a repurchase of its own stock. Note that CANTV will most likely issue the buyback program at $30, compared to the $24 that AES had offered. Thus, the challenge for AES, if it still wants to gain control over CANTV, will be to increase its already 9.2-percent premium offer. The word circulating in the industry is that AES still intends to proceed with its takeover attempt, and the CANTV strategy will not derail these attempts.

AES' rationale for increasing its holdings in the company is most likely twofold in nature. First, AES obviously finds great appeal in the Latin American market as the company already owns electricity assets in Brazil, Chile and other countries. Just this week, AES announced its penetration of the Argentina market by inking a $376-million deal to purchase distribution and generation assets in that country from New Jersey-based Public Service Enterprise Group (PSEG). In another recent announcement, AES launched a cash tender offer to acquire all of the outstanding loan participation certificates of Empresa Electrica del Norte Grande in northern Chile, a company that consists of 716 MW of generation and 1,056 kilometers of transmission. In fact, AES reportedly rivals Spain's Endesa as the region's most dominant power company and by all appearances now derives a large part of its business throughout Latin America. Whereas AES was clearly diversified across the United States, Asia, Europe, and Latin America, many investors now perceive the company as moving into a heavier focus on Latin America, which constitutes a risky proposition in and of itself due to unique politics in the various Latin American countries.

However, AES recently pulled out of its attempt to launch a $128-million takeover bid for Chilean generator Edelnor. Currently, Edelnor, which is one of the largest electrical generators in Chile, is controlled by Mirant Corp., one of AES' direct competitors in the independent power producing market. Perhaps also reacting to the volatility in the region, Mirant has announced that it will not sink any additional capital into the Edelnor unit unless it can be assured of repayment. AES did not give a reason for its decision to terminate the Edelnor takeover, but one can surmise that investor reactor to its ongoing efforts in Venezuela may have been a significant factor. Further, on Sept. 25, AES cut its earnings estimate for 2001 to a range of $1.25 to $1.45 per share from a previous range of $1.75 to $1.90. AES blamed poor currency exchange rates between the Brazilian real and U.S. dollar, lower U.K. power prices, and the company's inability to replace earnings anticipated from the planned acquisition of the Mohave power plant. The drop in AES' earnings estimate may have lowered available capital that the company needed to purchase Edelnor.

AES shares were priced at $24.25 prior to the earnings revision. After the announcement, at least as of early morning trading on Sept. 27, AES shares were priced at $12.25, significantly down from the 52-week high of $73, which is what the stock was priced at a year ago. As of early morning trading on Oct. 17, AES shares were priced at $14.81.

Moreover, investors did not react positively to AES' plan to increase its stake in CANTV. In fact, after word of the deal began to circulate on Aug. 29 (a day on which many stocks fell) AES' stock closed down $2.94, or 8.3 percent, to a 20-month low of $32.65 on the New York Stock Exchange. AES CEO Dennis Bakke immediately attempted to reassure investors that the purchase did not represent a change of strategy for AES, which he says will remain focused on power. In addition, Bakke noted that the purchase does not represent a new venture for AES as the company already holds telecom assets in Brazil and Bolivia. Further, Bakke clearly stated that AES is "not going to announce a bunch of telecom acquisitions around the world." Nevertheless, some investors believe that AES is imprudently expanding into the telecom sector, which is already significantly troubled, and becoming too heavily entrenched in Latin America, a market that is prone to political volatility. One investment analyst perhaps spoke for many when he commented that AES has little experience in the telecom sector and its limited experience to date has not been terribly successful. This, coupled with the general market downturn for most companies with telecom exposure, does not make for a good recipe from an investor's perspective, at least as of today.

In fairness to AES, penetrating the Venezuelan market could represent a very strategic move from a long-term perspective. With a population of 23.5 million, Venezuela represents a large potential market for energy and other related services. In addition, Venezuela is an asset-rich country, particularly with regard to oil resources. According to the Department of Energy, Venezuela is important to world energy markets because it holds proven oil reserves of 77 billion barrels, plus billions of barrels of extra-heavy oil and bitumen. Venezuela consistently ranks as one the top suppliers of U.S. oil imports and is among the top 10 crude oil producers in the world. In addition, as noted AES' investments in Latin America are not exclusively focused on Venezuela, as the company also is present in Argentina, Brazil, Chile, etc.

Concerns about telecom arguably overshadow concerns about expansion in Latin America and play a larger role in the drop in AES' stock, especially when we consider that AES has been present in Latin America for some time. Only little more than a year ago, the telecom sector was at its peak, with billions of capital investment flooding into the sector as wildly optimistic expectations for demand seemingly exaggerated the scale of the market. However, a massive downturn has ensued, impacting not only companies operating in the telecom space but the nation's entire economy as well. The bottom of the telecom sector has fallen out, due in large part to the fact that the increase in bandwidth capacity has outpaced the growth in market demand.

As I've said before when analyzing this company, the further that AES departs from its core strategy, the more likely it is that we will continue to see volatility in the company's stock. Up until these recent announcements, AES maintained that it was engaged in three lines of businesses, which were all equally important to its strategy: power generation, network delivery services and retail energy marketing. Generation always appeared to be the main core of the company's business model, as AES controls some 125 facilities totaling over 44 gigawatts of capacity worldwide. This business model worked well for AES and was well received by investors. Any perceived deviation from this successful strategy-especially if it includes expansion into the dangerous territory of telecom-could mark a new and risky era for AES.

Nevertheless, one could also surmise that AES has found a market opportunity that is worth exploring. Latin America has low electrification and Internet usage statistics. Some analysts project high growth in the next 5 to 10 years in Latin America in both electrification and Internet use, which in turn involves telecommunications. The telecom industry is struggling at the moment. Thus, if one believes that telecom will make a comeback, then buying now may make a wise strategy for those involved.

An archive list of previous IssueAlerts is available at
www.scientech.com <http://secure.scientech.com/issuealert/>

We encourage our readers to contact us with their comments. We look forward to hearing from you. Nancy Spring  <mailto:nspring@scientech.com>

Reach thousands of utility analysts and decision makers every day. Your company can schedule a sponsorship of IssueAlert by contacting Jane Pelz  <mailto:jpelz@scientech.com>. Advertising opportunities are also available on our Website.

Our staff is comprised of leading energy experts with diverse backgrounds in utility generation, transmission & distribution, retail markets, new technologies, I/T, renewable energy, regulatory affairs, community relations and international issues. Contact consulting@scientech.com <http://consulting@scientech.com> or call Nancy Spring at 1-505-244-7613.

SCIENTECH is pleased to provide you with your free, daily IssueAlert. Let us know if we can help you with in-depth analyses or any other SCIENTECH information products. If you would like to refer a colleague to receive our free, daily IssueAlerts, please reply to this e-mail and include their full name and e-mail address or register directly on our site.

If you no longer wish to receive this daily e-mail, and you are currently a registered subscriber to IssueAlert via SCIENTECH's website, please visit <http://secure.scientech.com/account/> to unsubscribe. Otherwise, please send an e-mail to to IssueAlert <mailto:IssueAlert@scientech.com>, with "Delete IA Subscription" in the subject line.
SCIENTECH's IssueAlerts(SM) are compiled based on the independent analysis of SCIENTECH consultants. The opinions expressed in SCIENTECH's IssueAlerts are not intended to predict financial performance of companies discussed, or to be the basis for investment decisions of any kind. SCIENTECH's sole purpose in publishing its IssueAlerts is to offer an independent perspective regarding the key events occurring in the energy industry, based on its long-standing reputation as an expert on energy issues.

Copyright 2001. SCIENTECH, Inc. All rights reserved.

  <http://infostore.consultrci.com/spacerdot.gif?IssueAlert=10/17/2001>


---------------------- Forwarded by Darron C Giron/HOU/ECT on 11/02/2000
12:18 PM ---------------------------

Phillip M Love
11/01/2000 08:36 AM
To: Kam Keiser/HOU/ECT@ECT, Victor Guggenheim/HOU/ECT@ECT, Darron C
Giron/HOU/ECT@ECT, Kevin Bosse/HOU/ECT@ECT, alove770@cs.com
cc:
Subject: FW: Coke facts

---------------------- Forwarded by Phillip M Love/HOU/ECT on 11/01/2000
08:28 AM ---------------------------

Shane.Dobbs@fctg.com on 11/01/2000 07:51:57 AM
To: wwilson@eng.auburn.edu, Tharpbl@eng.auburn.edu, dobbsmw@auburn.edu,
chancewood@earthlink.net, domino@sonet.net, jmjaked@mindspring.com,
jwood@regionsbank.com, poe77@earthlink.net, gwave85@hotmail.com,
dobbswn@auburn.edu, phillip.m.love@enron.com, hamptone@booksamillion.com,
stephaniepool@huntersystems.com
cc:
Subject: FW: Coke facts

?
-----Original Message-----
From: Rob Stanbridge  [mailto:rob@timberworld.com]
Sent: Wednesday, November 01, 2000 7:49  AM
To: Dobbs_Shane
Cc: Hafley_Robert
Subject: FW:  Coke facts

?
?

Just when you thought you knew everything (no, it's not an anti cola add
;-)...

1.In many states the highway patrol carries two gallons of Coke in the truck
to remove blood from the highway after a car accident.
2.You can put a  T-bone steak in a bowl of coke and it will be gone in two
days.
3.To clean a  toilet: Pour a can of Coca-Cola into the toilet bowl....... Let
the "real thing"  sit for one hour, then flush clean.
4.The citric acid in Coke removes stains  from vitreous china.
5.To remove rust spots from chrome car bumpers: Rub the  bumper with a
crumpled-up piece of Reynolds Wrap aluminum foil dipped in  Coca-Cola.
6.To clean corrosion from car battery terminals: Pour a can of  Coca-Cola
over the terminals to bubble away the corrosion.
7.To loosen a  rusted bolt: Applying a cloth soaked in Coca-Cola to the
rusted bolt for several  minutes.
8.To bake a moist ham: Empty a can of Coca-Cola into the baking  pan;rap the
ham in aluminum foil, and bake. Thirty minutes before the ham is  finished,
remove the foil, allowing the drippings to mix with the Coke for a  sumptuous
brown gravy.
9.To remove grease from clothes: Empty a can of coke  into a load of greasy
clothes, add detergent, And run through a regular cycle.  The Coca-Cola will
help loosen grease stains. It will also clean road haze  fromyour
windshield.

FYI: 1.The active ingredient in Coke is phosphoric acid. It's pH is 2.8. It
will dissolve a nail in about 4 days.
2.To carry Coca Cola syrup (the  concentrate) the commercial truck must use
the Hazardous material place cards  reserved for Highly Corrosive materials.
3.The distributors of coke have  been using it to clean the engines of their
trucks for about 20 years! Drink up!  No joke. Think what coke and other soft
drinks do to your teeth on a daily  basis. A tooth will dissolve in a cup of
coke in 24-48 hours.


Today we announced the appointment of Jeff McMahon as Enron's chief financial officer.  In my continued discussions with the financial community yesterday and today, it became clear that this move was required to restore investor confidence.  Jeff has unparalleled qualifications and a deep and thorough understanding of Enron.  He is already on the job and hard at work on the issues before us.  Andy Fastow will be on a leave of absence from the company.

Jeff had been serving as chairman and CEO of Enron Industrial Markets. He joined Enron in 1994 and spent three years in the London office as chief financial officer for Enron's European operations.  Upon returning to the U.S., Jeff was executive vice president of finance and treasurer for Enron Corp.  In 2000, he was named president and chief operating officer of Enron Net Works.

I know all of you are concerned about the continuing decline in our share price.  I am too, and we are working very hard to turn it around.  Appointing Jeff as CFO is one important step in that process.  But most of the solution involves just continuing to do our jobs with excellence.  The fundamentals of our business are strong, and I think the market will begin to see that as we continue to perform.

Please join me in giving Jeff your full support, and thank you for all of your continued hard work.


No, he thinks he is God's gift to contracts.

From: Suzanne Adams@ECT on 06/06/2001 09:08 AM
To: Kay Mann/Corp/Enron@ENRON
cc:

Subject: RE: Weekly GE Conference Call

Is this his attempt at humor because he is on the email list.  I told them
you are on vacation, but they still want to have the call.

	Kay Mann@ENRON
	06/06/2001 07:36 AM

		 To: Suzanne Adams/HOU/ECT@ECT
		 cc:
		 Subject: RE: Weekly GE Conference Call

Sometimes John forgets that he is not a lawyer.
---------------------- Forwarded by Kay Mann/Corp/Enron on 06/06/2001 07:36
AM ---------------------------

Kay Mann
06/06/2001 07:31 AM
To: John G Rigby/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc:

Subject: RE: Weekly GE Conference Call

 Next time you vote for me, please copy me on the email.

Kay

From: Scott Dieball@ENRON_DEVELOPMENT on 06/05/2001 05:44 PM
To: John G Rigby/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: Suzanne Adams/HOU/ECT@ECT, Kay Mann/Corp/Enron@Enron

Subject: RE: Weekly GE Conference Call

Vacation???  I've heard that tomorrow at the staff meeting Mark H. will be
rolling out the new policy of eliminating all vacation for ENA legal folks.

	John G Rigby
	06/05/2001 03:08 PM

		 To: Suzanne Adams/HOU/ECT@ECT
		 cc: Scott Dieball/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
		 Subject: RE: Weekly GE Conference Call

Lets continue without Kay.  I think this call will be focusing on the
documents sent out already.

	Suzanne Adams@ECT
	06/05/2001 02:42 PM

		 To: John G Rigby/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
		 cc:
		 Subject: RE: Weekly GE Conference Call

Kay will be on vacation Thursday and Friday.  Can the call go on without
her?  Same time, 1:30 p.m. CDT?  Let me know please.

	John G Rigby@ENRON_DEVELOPMENT
	06/05/2001 02:25 PM

		 To: Suzanne Adams/HOU/ECT@ECT
		 cc:
		 Subject: RE: Weekly GE Conference Call

lets make the change- GE cannot make it wednesday- plus the extra day gives
both GE and us time to review the exhibits and the new T&C draft.  given that
Sheila is in her "hostage situation", the other key person is Kay.   Thanks.

	Suzanne Adams@ECT
	06/05/2001 12:02 PM

		 To: John G Rigby/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
		 cc:
		 Subject: RE: Weekly GE Conference Call

John, I'm not going to change the call to Thursday until I hear from you to
make sure you guys want it that way.  Thanks, Suzanne

	John G Rigby@ENRON_DEVELOPMENT
	06/05/2001 11:17 AM

		 To: stephen.swift@ps.ge.com@ENRON
		 cc: Ben.Jacoby@enron.com, Bill.Williams@enron.com, Ed.B.Hearn.III@enron.com,
John.G.Rigby@enron.com, john.schroeder@ps.ge.com, kay.mann@enron.com,
kent.shoemaker@ae.ge.com, Lisa.Bills@enron.com, michael.barnas@ps.ge.com,
Roseann.Engeldorf@enron.com, Scott.Dieball@enron.com, Sheila.Tweed@enron.com,
Suzanne.Adams@enron.com
		 Subject: RE: Weekly GE Conference Call

Changing to Thursday works better for Scott Dieball, John Rigby and Peter
Thompson.

	stephen.swift@ps.ge.com
	06/05/2001 08:49 AM

		 To: Suzanne.Adams@enron.com, Sheila.Tweed@enron.com, Ben.Jacoby@enron.com,
Lisa.Bills@enron.com, Roseann.Engeldorf@enron.com, Scott.Dieball@enron.com,
michael.barnas@ps.ge.com, kent.shoemaker@ae.ge.com, kay.mann@enron.com,
john.schroeder@ps.ge.com, Bill.Williams@enron.com, Ed.B.Hearn.III@enron.com,
John.G.Rigby@enron.com
		 cc:
		 Subject: RE: Weekly GE Conference Call

Any chance of postponing until Thursday afternoon - same time?

Steve

-----Original Message-----
From: Suzanne.Adams@enron.com [mailto:Suzanne.Adams@enron.com]
Sent: Monday, June 04, 2001 7:09 PM
To: Sheila.Tweed@enron.com; Ben.Jacoby@enron.com; Lisa.Bills@enron.com;
Roseann.Engeldorf@enron.com; Scott.Dieball@enron.com; Swift, Stephen L
(PS, CommOps); Barnas, Michael C (PS, Legal); Shoemaker, Kent (GEAE);
kay.mann@enron.com; Schroeder, John H Jr (PS, Sales);
Bill.Williams@enron.com; Ed.B.Hearn.III@enron.com;
John.G.Rigby@enron.com
Subject: Weekly GE Conference Call
Importance: High

The weekly conference call will take place at 1:30 p.m. CDT on Wednesday,
June 6, 2001.  EB38C1 has been reserved for those of you in Houston.

Dial In:       1-888-285-4585

Participant:   536220

Host:          121970 (Sheila)


TECO TAP       20.000 / ENRON ; 64.583 / HPL IFERC

LS HPL LSK IC       20.000 / ENRON


Bonnie--could you call him and find out what this is about? Thx.

	Charles Cheek@ENRON
	12/18/2000 09:40 AM

		 To: Richard B Sanders/HOU/ECT@ECT
		 cc: Bonnie White/Corp/Enron@ENRON, Britt Davis/Corp/Enron@ENRON
		 Subject: Deposition

Should I suggest that he get in touch with you or Bonnie?
----- Forwarded by Charles Cheek/Corp/Enron on 12/18/2000 09:42 AM -----

	Bart Wulff <BWulff@cscwdal.com>
	12/17/2000 04:37 PM

		 To: "'ccheek@enron.com'" <ccheek@enron.com>
		 cc:
		 Subject: Deposition

Mr. Cheek:
I got your e-mail address out of Martindale.  I need to set up a corporate
rep depo to get information concerning an employee of Enron Capital and
Trade who lives in Dallas and offices in Houston.  Could you refer me to
whoever in your office would handle that, so I can set it up with a minimum
of inconvenience to all concerned?
Thanks,
Bart Wulff


Stephanie,

Here's a new version.   I had a problem with dates in the Secondary Pricing
Term Section.  This version has the year 2001 inserted in place of 2000.

Steve


We extended the date and changed this to evergreen.

Thanks
---------------------- Forwarded by Chris Germany/HOU/ECT on 01/24/2000 08:17
AM ---------------------------

Robert Allwein
01/23/2000 09:42 AM
To: Chris Germany/HOU/ECT@ECT
cc:
Subject: Re: Deal # 124250 -Norse Pipeline

Chris, We are nomming for January. - Rob

Chris Germany
01/22/2000 10:56 PM
To: Victor Lamadrid/HOU/ECT@ECT, Robert Allwein/HOU/ECT@ECT
cc: Brenda H Fletcher/HOU/ECT@ECT
Subject: Deal # 124250 -Norse Pipeline

Should this deal be extended?

---------------------- Forwarded by Chris Germany/HOU/ECT on 01/22/2000 10:55
PM ---------------------------

Brenda H Fletcher
01/14/2000 02:59 PM
To: Chris Germany/HOU/ECT@ECT
cc:
Subject: Deal # 124250 -Norse Pipeline

Chris,
Does this deal end 11/30/99 or should the stop date be extended?
Thanks,
Brenda


Daily Agenda
Thursday, May 10, 2001

Today's events...
* Noon, SACRAMENTO   Gov. Gray Davis signs energy bond bill, Capitol,
governor's council room. Contact: Steve Maviglio, 916-445-4571.
* Noon, SACRAMENTO   Assembly Republicans hold news conference to
discuss end of special session on energy, Capitol, room 125. Contact: James
Fisfis, 916-319-2005.

In the news...
* LA Times, Brooks: 60% rate hikes imposed by OUC.
http://www.latimes.com/news/state/20010510/t000039441.html
* LA Times, Morain: Governor asks generators to compromise on debt.
http://www.latimes.com/news/state/20010510/t000039413.html
* SD Union-Tribune, Haussler:
http://www.uniontrib.com/news/uniontrib/thu/news/news_1n10budget.html
* SF Chronicle, McManis: 15th District hopefuls line up.
http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2001/05/10/MNC112600.DTL

In committee...
* NATURAL GAS.  Energy Costs and Availability Subcommittee on Energy
Oversight.  Upon adjournment of Session, room 3162.  (Squawk Box 93.1)
* VARIOUS ITEMS.  Budget Subcommittee No. 3 on Resources.  Upon call
of the Chair, room 127.  (Squawk Box 92.1)
* SCHOOL-TO-CAREER.  Select Committee on Workforce Investment.
3:00pm, room 126.  (Squawk Box 91.5)

Today on the floor...
* Assembly session at 8:30am.  (Squawk Box 89.7, Assembly TV, CH. 7)
* Senate session at 8:30am.  (Squawk Box 99.1, Senate TV, CH. 5)

The week ahead...

Friday - 5/11/01 Monday - 5/14/01 Tuesday --- 5/15/01
Wednesday - 5/16/01 Thursday - 5/17/01
Last day for policy committees to hear and report to the floor nonfiscal
Assembly bills Session @ 11:00am Senate Session @ 10:00am TBA TBA
Session @ 8:30am Senate Session @ 8:30am

Richard Costigan, III
Chief of Staff
Office of the Assembly Republican Leader
California State Assembly
Phone:(916) 319-2005


Money Mail from CNBC
Visit us online at http://www.cnbc.com/mm.html
To cancel or change your subscription options, please
follow the instructions at the end of this message.

----------------------ADVERTISEMENT-----------------------
SAVE up to 75% on Life Insurance. FREE instant Quotes from
top-rated insurance companies. Stop paying too much and
visit ReliaQuote, rated #1 Life Insurance Service on the
Internet!
http://www.cnbc.com/common/redirect.html?ReferrerID=MMT605&site=http://www.reliaquote.com/termlife/default.asp?sourceid=0290000001000000053

----------------------------------------------------------

Good evening!
Here is your Money Mail for Tuesday, June 5.

BUZZ AT THE BELL
Optimistic profit reports powered technology shares
Tuesday, carrying a broad swath of the stock market higher.
Upbeat news from chip maker Xilinx, software company
Comverse Technology and even telecom-equipment pariah
Lucent inspired the kind of Nasdaq euphoria rarely seen in
recent months.

Near day's end, the Nasdaq Composite stood 3.6 percent
higher, up 78 to 2,233. Blue chips rose less markedly but
still put on a good show. The Dow Jones industrial average
climbed 114 to 11,176, largely on the strength of its
technology components (Microsoft and IBM both jumped more
than 2.5 percent). More broadly, the Standard & Poor's 500
rose 16 to 1,284.

Chip stocks and computer networkers stole the show.

Xilinx climbed 9.7 percent after the company affirmed its
earlier profit forecasts and said order cancellations were
slowing. Other makers of chips and related equipment also
rose strongly. Intel climbed 4.3 percent, Advanced Micro
Devices rose 4.7 percent and KLA Tencor advanced 7.2
percent. Many of these stocks were rebounding from big
declines Monday sparked by a worrisome April chip-sales
report.

Lucent shares surged 6 percent to 8.48 after the company
forecast improving quarterly sales figures. More than 20
million shares of Lucent changed hands on the New York
Stock Exchange, making it the day's most active NYSE-listed
stock. Other makers of telecom components and network
equipment fared similarly. Cisco rose 9.2 percent,
Cabletron Systems climbed 8.1 percent and Juniper Networks
rose 4.8 percent.

Among the most widely held names, only a handul of stocks
lost ground. Pfizer, Walt Disney and CNBC parent General
Electric tallied modest declines, while most other widely
recognized companies enjoyed gains.

More broadly, utilities, construction companies,
photo-imaging stocks and tobacco were among a small group
of S&P sectors posting losses on the day.

Scott Gerlach
Managing Editor, CNBC.com

MAJOR INDEXES AND VOLUMES
* Dow Jones Industrials: 11,175.84, up 114.32 or 1.03%
* Dow Jones Transports: 2,917.42, up 39.18 or 1.36%
* Dow Jones Utilities: 381.71, down 8.54 or 2.19%
* S&P 500: 1,283.56, up 16.45 or 1.30%
* NASDAQ Composite Index: 2,233.65, up 77.72 or 3.60%
* Russell 2000: 516.48, up 9.16 or 1.81%
* FTSE: 5,482.30, down 378.70 or 6.46%
* NIKKEI: 13,182.00, down 130.35 or 0.98%
* Ten-Year Treasury Note Yield: 5.30%, down 0.03 or 0.56%

* NYSE volume (preliminary): 1.11 billion shares
* Nasdaq volume (preliminary): 1.83 billion shares

* To see our complete U.S. index list,
http://www.cnbc.com/news/markets/world.html?ReferrerID=MM

SCOUTING REPORT: WEDNESDAY
An empty calendar greets investors on Wednesday. No crucial
economic data or earnings reports will be released. Looking
for direction? Flip a coin.

STOCKS
* Options: Add Punches to Trades, *
Options enable you to increase your profits on expected
stock gains without leverage.
http://www.cnbc.com/010605bittman-stocks.html?ReferrerID=MM

----------------------ADVERTISEMENT-----------------------
"Missed it on CNBC TV? Find it on the CNBC Wire!

Before each opening bell and after each day's close,
CNBC.com brings you the market standouts, stock picks and
personalities of CNBC TV, translated for the Web. Stay on
top of the market -- and the market movers -- with the CNBC
Wire."
http://www.cnbc.com/common/redirect.html?ReferrerID=MMB605&site=http://www.cnbc.com/news/wire/wireindex.html

----------------------------------------------------------

TOMORROW ON CNBC
* Squawk Box Guest Host: James Cramer, theStreet.com
Markets Commentator.
* To view the latest CNBC guest list:
http://www.cnbc.com/cnbctv/shows/guestlist.html?ReferrerID=MM

HOTSPOTS ON CNBC.COM
* CNBC Store:
http://www.cnbc.com/common/redirect.html?ReferrerID=MM&site=http://service.bfast.com/bfast/click?bfmid=1064298%26siteid=36208939%26bfpage=cn
* Golf Center:
http://www.cnbc.com/worklife/lifestyle/golf.html?ReferrerID=MM
* Loan Center:
http://www.cnbc.com/finance/loan/index.html?ReferrerID=MM
* Message Boards:
http://www.cnbc.com/community/index.html?ReferrerID=MM
* Small Business Center:
http://www.cnbc.com/finance/smallbiz/index.html?ReferrerID=MM
* Your Portfolio:
http://www.cnbc.com/portfolio/defaultscreen.html?ReferrerID=MM

Please do not reply to this email. It is sent from an
unmonitored address.

To cancel or change your subscription options, please go to
our Money Mail FAQ page
(http://www.cnbc.com/hlp/moneymailhelp.html) and follow the
instructions. If you cannot click on the link, copy and
paste it into your browser.

If you are interested in advertising with CNBC, please go
to our Advertising Info page
(http://www.cnbc.com/common/footerlinks/adsales.html). If
you cannot click on this link, copy and paste in into your
browser.


---------------------- Forwarded by Phillip K Allen/HOU/ECT on 06/27/2000
04:39 PM ---------------------------

TIM HEIZENRADER
06/27/2000 11:35 AM
To: John J Lavorato/Corp/Enron@Enron, Phillip K Allen/HOU/ECT@ECT
cc: Tim Belden/HOU/ECT@ECT
Subject: West Power Strategy Materials

Charts for today's meeting are attached:


CNG would like to stop by the office to do some TTT training next Wed, Thur,
or Fri.

Please let Marde know if you have a preference as to which day you would like
to meet with CNG.  I may or may not be here.

Thanks


MMM.

We will entertain ourselves as usual:  pillage, plunder, burn, break bones,
eat flesh, gratuitous chaos and excessive mayhem.

Gerald, don't forget your axe this time. OK?


are you sure about that?  i am bored.

 -----Original Message-----
From: 	Maggi, Mike
Sent:	Wednesday, November 21, 2001 12:01 PM
To:	Nelson, Michelle
Subject:	RE:

i would never

 -----Original Message-----
From: 	Nelson, Michelle
Sent:	Wednesday, November 21, 2001 11:59 AM
To:	Maggi, Mike
Subject:	RE:

hmm.  i think that you are lying.


I told  Tom last week that I have a standing systems meeting on Thursdays at
9:00, so this change doesn't work for me.  Can we try 10:00 am on Thursday
this week?  Thanks. --Sally
---------------------- Forwarded by Sally Beck/HOU/ECT on 11/06/2000 01:24 PM
---------------------------

	Enron North America Corp.

	From:  Patti Thompson                           11/02/2000 04:23 PM

To: Sally Beck/HOU/ECT@ECT
cc:
Subject: RE: CommodityLogic Weekly Update Mtg.

FYI
---------------------- Forwarded by Patti Thompson/HOU/ECT on 11/02/2000
04:22 PM ---------------------------

	Enron North America Corp.

	From:  Patti Thompson                           11/02/2000 04:08 PM

To: Brenda Flores-Cuellar/NA/Enron@ENRON
cc:
Subject: RE: CommodityLogic Weekly Update Mtg.

Brenda,

Sally has a on-going meeting Thursdays from 9:00 - 10:00 AM (Risk Systems mtg
w/ Rick Buy, Philippe Bibi, Beth Perlman and others - I think it is to deal
with all the systems problems we have been having lately).

Patti

11/02/2000 03:53 PM
Brenda Flores-Cuellar@ENRON
Brenda Flores-Cuellar@ENRON
Brenda Flores-Cuellar@ENRON
11/02/2000 03:53 PM
11/02/2000 03:53 PM
To: Sally Beck/HOU/ECT@ECT
cc: Patti Thompson/HOU/ECT@ECT
Subject: RE: CommodityLogic Weekly Update Mtg.

Meeting Change Notice for 11/8

Next week's weekly update meeting will be held on Thursday morning, Nov. 9th
in EB 21C1 from 9:00am - 10:00am instead of Wednesday.  Please plan to
attend.  If you have any questions, please feel free to contact Maria x35586
or Brenda x31914.

Thanks,
Brenda


Sara and Charles, because of the press of business, I will not be able to attend the Silverado meeting.  All the best.  Jim Derrick

 -----Original Message-----
From: 	Committee of Corporate General Counsel of the Business Law Section <CORPGEN@MAIL.ABANET.ORG>@ENRON [mailto:IMCEANOTES-Committee+20of+20Corporate+20General+20Counsel+20of+20the+20Business+20Law+20Section+20+3CCORPGEN+40MAIL+2EABANET+2EORG+3E+40ENRON@ENRON.com]  On Behalf Of Ann.Linnehan@PB.COM
Sent:	Wednesday, September 26, 2001 10:44 AM
To:	CORPGEN@MAIL.ABANET.ORG
Subject:	Silverado Meeting

To:       Committee of Corporate General Counsel

From:          Sara Moss, Program Chair

Re:       October Meeting at Silverado Country Club & Resort

Date:          September 27, 2001

Charles Morgan and I would like your opinion about whether the Committee
should postpone or cancel our Fall meeting at Silverado due to the recent
tragic events in New York and Washington, DC.  The Executive Committee has
put together a great program and set of events, but we understand that
people may want to change their travel plans in response to recent events.
Please let us know your view on that and whether you still plan to attend
the meeting by replying to this e-mail by close of business Friday,
September 28th. Thank you.


---------------------- Forwarded by Kay Mann/Corp/Enron on 04/19/2001 12:27
PM ---------------------------
   Enron Americas - Office of the Chairman
From: Enron Americas - Office of the Chairman on 04/18/2001 11:00 PM
Sent by: Enron Announcements
To: ENA Employees
cc:
Subject: Asset Marketing

We are pleased to announce the creation of a new group - Asset Marketing -
within Enron Americas. The Asset Marketing group will have responsibility for
the asset divestment function within Enron Americas and work with Generation
Investments on selected portfolio acquisitions as well as managing power
origination funding requirements with Treasury.

Don Miller will head the Asset Marketing group and will report directly to
the Office of the Chair, Enron Americas. Joining Don's group will be Stuart
Zisman.  Stuart was formerly in ENA Legal, having most recently worked on the
sale of ENA's peaker plants with Don.

Please join us in congratulating Don and Stuart in their new roles.


This is to verify that we have received your order.
You will receive another confirmation when the order ships that will
include the tracking number.

                ALL SALES ARE FINAL, NO EXCHANGES, NO REFUNDS

    Date: 	12/12/2001
    Time: 	09:39

    Customer: 	Transwestern Pipeline
    PO No.:

    Requested By: 	Kim Watson
	Order No.: 	772662

    Requested Date: 	12/12/2001
	Requested Delivery Date: 	12/12/2001

	Ship To Number:
	Order Type: 	Internet

    Attn: 	Kim Watson
	Ship_Via: 	TSC Messanger

    Address: 	1400 Smith Street
	Tel. Number: 	713 853 3098

     	1400 SmithRoom No.EB1346
	Fax Number :	713 646 4095

     	Houston, TX. 77002
US
    Company Coding:

	Stock No.	Description
	Qty to Ship	Unit of Measure	Total Items

	PR46001FN0NA 	     AQUALITE WATCH / LADIES                	    		1	 EACH(1)	     1

	PR70027      	     2 BOUNCING FLASHING RUBBER BALL        	    		2	 EACH(1)	     2

	PR47034NN0CE 	     DIGITAL WORKOUT WATCH / CLEAR          	    		1	 EACH(1)	     1

	PR51012      	     ENRON FIELD BASEBALL ORNAMENT          	    		1	 EACH(1)	     1

    Sub Total
    $14.75

    Shipping Cost:
    $5.75

    Sales Tax
    $1.69

    Total Cost:
    $22.19

Payment Type:
Credit Card

Please reference your order number on all correspondence.

Click here to inquire on the status of your order:

http://www.enronsignatureshop.com/inquiry/order_confirm.cfm?var1= 801&var2=1255&orderno=772662


FYI - YE0702.1 Failed to bridge second leg of straddle (put option) into TAGG.

Leg 1 was duplicated and changed to a put.

Dan Thibaut
Risk Management
(713) 345-3193
EB 3256c


plugpower.com


Notice Number:  01-440
December 21, 2001

TO:		ALL NYMEX DIVISION MEMBERS
		ALL COMEX DIVISION MEMBERS

FROM:	J. Robert Collins, Jr., President

SUBJECT:	Delivery Procedures

The Exchange proposes to amend the delivery rules for the metals futures
contracts by making permanent the temporary emergency rules enacted by the
NYMEX Board of Directors as a result of the attack on the World Trade
Center.  The proposed rule amendments would permit deliveries against the
COMEX Division's Gold, Silver and Grade 1 Copper Futures Contracts and the
NYMEX Division's Platinum and Palladium Futures Contracts to take place at
such location as may be mutually agreed upon by the Clearing Member taking
delivery and the Clearing Member making delivery.

The proposed rule amendments must be approved by the Commodity Futures
Trading Commission ("CFTC").  The Exchange Membership will be notified upon
receipt of CFTC approval.

A copy of the proposed rule amendments is attached.

Should you have any questions please contact Albert J. Getz at 212-299-2608
or Nick Galati at 212-299-2920.

Proposed Rule Amendment. Underlining indicates additions. Bracketing []
indicates deletions.

GOLD FUTURES CONTRACT

COMEX Rule 13.12 - Delivery of Gold

(h) Each delivery of gold in fulfillment of an Exchange contract and the
delivery of any invoices required in connection herewith shall be made [at
the location of the party taking delivery if the member taking delivery has
an office for the purpose of accepting deliveries in fulfillment of Exchange
contracts located on or south of Canal Street, in the Borough of Manhattan,
City of New York.  If the member taking delivery does not have an office in
such location, delivery shall be made at the offices of the Exchange or] at
such [other] location as may be mutually agreed upon by the member making
delivery and the member taking delivery.  Any delivery pursuant to the
previous sentence shall be made and accepted between the hours of 12:00 noon
and 2:00 p.m. on the day of delivery.  [The Exchange shall designate an
office at the offices of the Exchange at which such deliveries shall take
place, but] [t]The Exchange shall not be liable or responsible for any
failure to make or take delivery at such [office] other location or for any
other act or omission which can or may occur in connection therewith.

The remainder of paragraph (h) remains unchanged.

Paragraphs (a), (b), (c), (d), (e), (f) and (g) remain unchanged.

Proposed Rule Amendment. Underlining indicates additions. Bracketing []
indicates deletions.

SILVER FUTURES CONTRACT

COMEX Rule 12.16 - Delivery of Silver

(h) Each delivery of silver in fulfillment of an Exchange contract and the
delivery of any invoices required in connection herewith shall be made [at
the location of the party taking delivery if the member taking delivery has
an office for the purpose of accepting deliveries in fulfillment of Exchange
contracts located on or south of Canal Street, in the Borough of Manhattan,
City of New York.  If the member taking delivery does not have an office in
such location, delivery shall be made at the offices of the Exchange or] at
such [other] location as may be mutually agreed upon by the member making
delivery and the member taking delivery.  Any delivery pursuant to the
previous sentence shall be made and accepted between the hours of 12:00 noon
and 2:00 p.m. on the day of delivery.  [The Exchange shall designate an
office at the offices of the Exchange at which such deliveries shall take
place, but] [t]The Exchange shall not be liable or responsible for any
failure to make or take delivery at such [office] other location or for any
other act or omission which can or may occur in connection therewith.

The remainder of paragraph (h) remains unchanged.

Paragraphs (a), (b), (c), (d), (e), (f) and (g) remain unchanged.

Proposed Rule Amendment. Underlining indicates additions. Bracketing []
indicates deletions.

GRADE 1 COPPER FUTURES CONTRACT

COMEX Rule 11.45 - Delivery Against Grade 1 Copper Contract

(d) When delivery of copper is made outside the City of New York, the
documents required by the By-Laws, Rules and Regulations of the Exchange for
such delivery shall be delivered by the seller to the buyer [in New York] at
such location as may be mutually agreed upon by the member making delivery
and the member taking delivery.

(m) Each delivery of copper in fulfillment of an Exchange contract and the
delivery of any invoices required in connection herewith shall be made [at
the location of the party taking delivery if the member taking delivery has
an office for the purpose of accepting deliveries in fulfillment of Exchange
contracts located on or south of Canal Street, in the Borough of Manhattan,
City of New York.  If the member taking delivery does not have an office in
such location, delivery shall be made at the offices of the Exchange or] at
such [other] location as may be mutually agreed upon by the member making
delivery and the member taking delivery.  Any delivery pursuant to the
previous sentence shall be made and accepted between the hours of 12:00 noon
and 2:00 p.m. on the day of delivery.  [The Exchange shall designate an
office at the offices of the Exchange at which such deliveries shall take
place, but] [t]The Exchange shall not be liable or responsible for any
failure to make or take delivery at such [office] other location or for any
other act or omission which can or may occur in connection therewith.

The remainder of paragraph (m) remains unchanged.

Paragraphs (a), (b), (c), (e), (f), (g), (h), (i), (j), (k) and (l) remain
unchanged.

Proposed Rule Amendments. Underlining indicates additions. Bracketing [ ]
indicates deletions.

Platinum Futures Contract

Rule 90.08.  DELIVERY PROCEDURE

(G) Delivery Day

The buyer who receives a Notice of Intention to Deliver shall present it to
the seller before 12:00 noon on the following business day, at a location
mutually agreed upon by the buyer and seller, [the office of the seller by
whom it was issued] with a certified check for the amount payable as shown
on the Notice of Intention to Deliver.  Upon receipt of the certified check,
the seller shall give the buyer a depository receipt and, unless such
receipt was issued pursuant to Rule 90.10(a)(5), (6) or (7), an assay
certificate which corresponds to the Notice of Intention to Deliver.  The
seller must endorse the depository receipt and set forth the date of
endorsement.  The day the buyer receives the stated documents shall be
referred to as the Delivery Day.

Paragraphs (A), (B), (C), (D), (E) and (F) remain unchanged.

Proposed Rule Amendments. Underlining indicates additions. Bracketing [ ]
indicates deletions.

Palladium Futures Contract

Rule 100.08.  DELIVERY PROCEDURE

(G) Delivery Day

The buyer who receives a Notice of Intention to Deliver shall present it to
the seller before 12:00 noon on the following business day, at a location
mutually agreed upon by the buyer and seller, [the office of the seller by
whom it was issued] with a certified check for the amount payable as shown
on the Notice of Intention to Deliver.  Upon receipt of the certified check,
the seller shall give the buyer a depository receipt and, unless such
receipt was issued pursuant to Rule 100.10(a)(5), (6) or (7), an assay
certificate which corresponds to the Notice of Intention to Deliver.  The
seller must endorse the depository receipt and set forth the date of
endorsement.  The day the buyer receives the stated documents shall be
referred to as the Delivery Day.

Paragraphs (A), (B), (C), (D), (E) and (F) remain unchanged.


Hey there Bill!

I thought I'd drop a quick line just to do a quick introduction of myself.
Your buddy, Brendan, has offered your tour guide ability to me when I visit
Portland in July.  I do have a college friend out there (who I hope to
locate) so you might not have to be stuck with me. :)

Anyhow I'm Nikki.  I'd go more into depth but everytime I write it out it
sounds more like a personal add then an introduction!

Brendan tells me you are about to close on a condo.  Congratulations!  I
can't wait to have a place of my own!  Apartment life is horrible.  My
neighbor and I knock on the bathroom wall at each other in the mornings just
to say "hi".  I'm really serious.  I actually have really great neighbors in
my building and I have to admit, apartment life is a good way to get to know
people.

I don't know what Brendan has told you about me but here's the story.  I was
born and raised in New Mexico and hate it here!  I need trees and green!
Someone once compared landing in New Mexico to landing in a litter box.
Where there's not dirt there's piles of crap.  Now everytime a plane flies
me back home I look around and agree.

So, to say the least I'm a little stir crazy for a new environment.  The
first part of August I will be moving to Newport Beach, California.  Or one
of four other beach communities in that area.  I want to experience that
whole lifestyle for at least a year.  Then I'm moving to Oregon.  I've never
visited or anything I'm just drawn there.  To be perfectly honest it's
because of the two movies "Goonies" and "Kindergarten Cop".  I loved those
movies as a kid and have wanted to move to Astoria ever since.  Now's my
chance.  I just finished college and have a period of resting time before I
go after my master's in Public Health Administration or my MBA.  We'll see
which fits me best later.  I don't feel that at 24 I can really decide the
"best" avenue for the next 50 years of my career so I'm waiting for the life
experience to kick in and lead the way later.

As of yet I have no set plans as to dates, iteneraries, etc and so forth.
I'm a very spontaneous type of person I don't really "do" planning and
scheduling.  I just kind of show up and try to make my own fun.  It's better
that way.  Life can be too organized!

Well now that I've given you a "short" introduction...haha.  I'd love to
hear back from you about any conflicting dates that you might have in July.
Don't worry if they change I won't hold ya to them.  The only time that I am
forecasting for myself is the 12th through the 16th (of July) IF I don't go
to Calgary, Canada.  Currently I'm planning as many trips as I possibly can.
My youth is fading fast and I need to enjoy as much of it as I possible
while I don't have a husband and kids to take care of. :)

Hope to hear from you soon!
Nikki

_______________________________________________________
Send a cool gift with your E-Card
http://www.bluemountain.com/giftcenter/


---------------------- Forwarded by Kay Mann/Corp/Enron on 12/06/2000 02:37
PM ---------------------------

"Thompson, Peter J." <peterthompson@akllp.com> on 12/06/2000 01:34:21 PM
To: "Kay Mann (E-mail)" <kay.mann@enron.com>
cc: "Roseann Engeldorf (E-mail)" <roseann.engeldorf@enron.com>, "Pipitone,
Paul" <paulpipitone@akllp.com>, "Cobb, Chris" <chriscobb@akllp.com>, "Taylor,
Rob" <robtaylor@akllp.com>

Subject: Enron South America Break-Out Agreement Exhibits

 <<Exhibits to Gas Purchase Agreement(Clean).doc>>  <<Comparison of
Versions 5 to 6 (Exhibits to Gas Purchase Agreement).DOC>>

Attached please find clean and blacklined copies of the Enron South
America Facility Agreement Exhibits. The only change is the removal of
Exhibit U.

 - Exhibits to Gas Purchase Agreement(Clean).doc
 - Comparison of Versions 5 to 6 (Exhibits to Gas Purchase Agreement).DOC


Start Date: 4/19/01; HourAhead hour: 8;  No ancillary schedules awarded.  No
variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001041908.txt

---- Energy Import/Export Schedule ----
*** Final schedule not found for preferred schedule.
     Details:

  TRANS_TYPE: FINAL
  SC_ID: ECTRT
  MKT_TYPE: 2
  TRANS_DATE: 4/19/01
  TIE_POINT: FCORNR_5_PSUEDO
  INTERCHG_ID: EPMI_CISO_DESERT
  ENGY_TYPE: FIRM


knew i sent it to soon..please add BNP Paribas to the list - Aronowitz is working on it. Thanks.


Beginning at noon today, Mark Taylor will be out of the office.  He will return to work on Monday, October 22.  Numbers to reach him are as follows:

pager number: 			877-855-2081
email a message to his pager: 	8778552081@pagenetmessage.net
cellular:				713-206-8080

If I can be of assistance, please call.

Thank you,

Holly Keiser
Enron Wholesale Services
Legal Department
Phone: 713-345-7893
Fax: 713-646-3490
Location: EB 3887
Holly.Keiser@enron.com


Looks to me like they aren't ready to close their financing.  Hope I'm wrong.
---------------------- Forwarded by Kay Mann/Corp/Enron on 04/25/2001 07:52
AM ---------------------------

"PARKER, Isabel" <isabel.parker@freshfields.com> on 04/25/2001 07:50:00 AM
To: "'Kay.Mann@enron.com'" <Kay.Mann@enron.com>
cc:

Subject: RE: Pegasus - ENA "no objection to forms" letter

This e-mail is confidential and may well also be legally privileged. If you
have received it in error, you are on notice of its status.  Please notify us
immediately by reply e-mail and then delete this message from your system.
Please do not copy it or use it for any purposes, or disclose its contents to
any other person:  to do so could be a breach of confidence.  Thank you for
your co-operation.  Please contact our
IT Helpdesk on +44 (0) 20 7936 4000 Ext.2000 or email ITHelp@freshfields.com
if you need assistance.

The "initial purchaser" is ArcLight Capital Partners Fund I, L.P.
Our instructions were to date the documents as of tomorrow.  I have left a
message with Rick Vicens to confirm this and will revert asap.  In the
meantime, please call me with any questions 212 277 4025.
Thanks
Isabel

-----Original Message-----
From: Kay.Mann@enron.com [mailto:Kay.Mann@enron.com]
Sent: Wednesday, April 25, 2001 8:45 AM
To: PARKER, Isabel
Cc: Carolyn Campbell (E-mail); Kay Mann (E-mail); Gregory F. Lang
(E-mail); Rick Vicens (E-mail); John Tisdale (E-mail); Amy Weed
(E-mail); John Anderson (E-mail); BURKE, Ted (TDB)
Subject: Re: Pegasus - ENA "no objection to forms" letter

Isabel,

Who is the "intial purchaser", and why are the documents dated tomorrow?

Thanks again,

Kay

"PARKER, Isabel" <isabel.parker@freshfields.com> on 04/25/2001 07:40:48 AM

To:   "Carolyn Campbell (E-mail)" <CCampbell@KSLAW.com>, "Kay Mann
      (E-mail)" <kay.mann@enron.com>, "Gregory F. Lang (E-mail)"
      <gregorylang@paulhastings.com>, "Rick Vicens (E-mail)"
      <rvicens@deltapower.com>
cc:   "John Tisdale (E-mail)" <jtisdale@arclightcapital.com>, "Amy Weed
      (E-mail)" <aweed@jhancock.com>, "John Anderson (E-mail)"
      <jcsanderson@jhancock.com>, "BURKE, Ted (TDB)"
      <ted.burke@freshfields.com>

Subject:  Pegasus - ENA "no objection to forms" letter

This e-mail is confidential and may well also be legally privileged. If you
have received it in error, you are on notice of its status.  Please notify
us immediately by reply e-mail and then delete this message from your
system.  Please do not copy it or use it for any purposes, or disclose its
contents to any other person:  to do so could be a breach of confidence.
Thank you for your co-operation.  Please contact our
IT Helpdesk on +44 (0) 20 7936 4000 Ext.2000 or email
ITHelp@freshfields.com if you need assistance.

Kay

Please find attached a clean and blacklined copy of the Enron "no objection
to forms" letter.
I apologize for not attaching this document to last night's e-mail.

Regards
Isabel

(See attached file: COMPARE001.DOC)
(See attached file: NY003701662.DOC)


You are invited and we hope you can make it to this Brown Bag Session.
;
Hector G. McLoughlin, PHR
Human Resources
Enron Net Works
Office: 713-853-6703
;


I'd like to meet Thursday, June 7

Sara Shackleton
Enron North America Corp.
1400 Smith Street, EB 3801a
Houston, Texas  77002
713-853-5620 (phone)
713-646-3490 (fax)
sara.shackleton@enron.com

	Holly Keiser@ENRON_DEVELOPMENT
	06/05/2001 07:34 AM

		 To: Sara Shackleton/HOU/ECT@ECT
		 cc:
		 Subject: Re: Schedule meeting with Mark Taylor for Thursday, June 7

Sara -- I've scheduled 3:00 PM following today's Legal/Credit meeting.  If
you prefer later, please let me know.

Thanks!
Holly Keiser
Enron Americas
Legal Department - EB 3887
713-345-7893 (ph)
713-646-3490 (fx)
Holly.Keiser@enron.com

	Sara Shackleton@ECT
	06/04/2001 06:12 PM

		 To: Holly Keiser/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
		 cc:
		 Subject: Schedule meeting with Mark Taylor for Thursday, June 7

Does Mark have time in the afternoon to meet with me and Christian Yoder
(Portland - 2 hours earlier than CST)?  The topic is "Washington State
PUD's".  I'd schedule about an hour.  Thanks.

Sara Shackleton
Enron North America Corp.
1400 Smith Street, EB 3801a
Houston, Texas  77002
713-853-5620 (phone)
713-646-3490 (fax)
sara.shackleton@enron.com


Charles, if this is for London, then we generally ask Jon Chapman (attorney
over there) to review things.  Let me know if that is the case.  Michelle

Charles A Taylor@ENRON
11/22/2000 11:24 AM
To: David Oxley/HOU/ECT@ECT, Michelle Cash/HOU/ECT@ECT, Fran L
Mayes/HOU/ECT@ECT, Kathy Neal/NA/Enron@ENRON
cc:
Subject: full project / proposal plan

Search for EIM Candidates in Europe.  Charles ext.53365
---------------------- Forwarded by Charles A Taylor/NA/Enron on 11/22/2000
11:20 AM ---------------------------

Rebecca Skupin
11/22/2000 10:59 AM
To: Charles A Taylor/NA/Enron@Enron
cc:

Subject: full project / proposal plan

---------------------- Forwarded by Rebecca Skupin/Corp/Enron on 11/22/2000
11:03 AM ---------------------------
Lynn Babcock   11/22/2000 03:15 AM

To: Bryan Burnett/HOU/ECT@ECT
cc: Luann Mitchell/Corp/Enron@Enron
Subject: full project / proposal plan

Bryan - Lu Ann,

Can you please sign this proposal and fax a copy and courier a  copy as we
need your signature to proceed with the recruitment assignment.

Your earliest attention would be appreciated.

Happy Thanksgiving.

MH
---------------------- Forwarded by Lynn Babcock/LON/ECT on 22/11/2000 09:15
---------------------------

Martin Holmes
20/11/2000 17:04
To: Bryan Burnett/HOU/ECT@ECT
cc:

Subject: full project / proposal plan

Bryan

Here is the proposal for recruitment agency. We might need your sign off

MH
---------------------- Forwarded by Martin Holmes/LON/ECT on 20/11/2000 17:05
---------------------------

"Marc Havercroft" <mhavercroft@tmpw.co.uk> on 20/11/2000 13:37:55
To: atty.burke@enron.com
cc: mholmes@enron.com

Subject: full project / proposal plan

** High Priority **

Atty / Martin,

enclosed is the detailed proposal for your attention, could it be signed &
sent back to me on 0207 872 1502.

We have started the research programme in europe, this will be managed by
Andrew Thornton-Norris here in london. He will co-ordinate across europe for
us. Martin I have given him your number as a reference point if he needs
clarification on any company/candidate details.

regards
Marc

Marc Havercroft
Senior Consultant
direct line: 0207 872 1524
Mbl: 0797 0776819
Yvette Francis (PA) 0207 872 1620
-------------------------------------------------------------------
Visit our website at
http://www.tmpexec.co.uk or http://www.monster.co.uk
for online recruitment and career advice
-------------------------------------------------------------------

 - Enron Europe Proposal.doc


Here is the spreadsheet with the DCF analysis from CSFB.
Ben


Men,

            The final descision on the night of men will be as follows?

Where: Tony's Mexican (bring your own clown and accessories, please)

When: Thursday 2/28 at 7:15 pm.

We will wait until Zander is able to attend, to try the Tampico place. Would rather go w/ someone who knows the drill.

I am very much looking forward to seeing all of you men.

                                                                                Pig-N-a-Stinky-blanket


Thanks. I should be there about 7.  You know that I love you very much,
Prentice.


HoustonTexans.com Weekly Update
Nov. 17, 2000

HELPING HANDS
The Texans celebrated the conclusion of their 2000 United Way Campaign at
Pennzoil Place Thursday. And the results were just what Texans Owner Bob
McNair was seeking when he launched the campaign a month ago. All 71 Texans
employees contributed. Seven donated $10,000 or more. McNair and his wife
Janice matched the total contribution of the club, bringing the Texans'
total to $205,000.

"Thank you so much for helping us be a part of your team," said Jacqueline
S. Martin, President of the United Way of the Texas Gulf Coast. "For you to
believe so much in our mission to impact the community is overwhelming. I am
floored with the 100 percent participation. It is absolutely unheard of."

The McNairs are no stranger to the United Way, but the team gives them a
more visible platform for their charitable work.

"We're delighted with everyone's participation," Bob McNair said. "It was a
tremendous team effort."

The NFL has worked with the United Way for the past quarter-century, using
its players, coaches and staff to help member cities and their surrounding
communities.

Get the details and the full story:
http://www.houstontexans.com/team/general.cfm?cont_id=33813

OUT AND ABOUT
Texans Executive Vice President/General Manager Charley Casserly visited the
University of Nebraska earlier this week. He heads to the Meadowlands Sunday
to scout the Giants-Lions game.

REALIGNMENT TALKS
Representatives from 17 NFL teams met in Denver Wednesday for discussions on
realignment for the 2002 season, when the Texans hit the field. The NFL will
expand to eight four-team divisions in 2002, placing the Texans in the AFC.
Houston -- as well as transplanted teams in Baltimore, St. Louis and
Tennessee -- does not have a vote in the realignment proposal.

"Those were preliminary discussions in Denver this week," Casserly says.
"There will be a meeting in mid-January just on the realignment issue. The
league has set June as a target date for realignment to be finalized."

HOLIDAY GIFT IDEAS FOR YOUR FAVORITE TEXANS FAN
Know someone who just can't wait to show his team spirit? Well add to that
person's collection with the Houston Texans Fan Pack! Includes a locker room
sign, a wall cling (removable and reusable and can be used on walls, glass,
or metal with no sticky mess), and a license plate. Both the locker room
sign and license plate are made of durable plastic.
http://store.houstontexans.com/cgi-bin/texans.cgi?stype=collectibles

SHOW SOME LOVE
Become part of the Houston Texans. Sign up for the Texans Internet Service
and receive an email address (YourName@go.houstontexans) AND a free Texans
sweatshirt! Click here for more information:
http://www.earthlink.net/profootball/houstontexans.com

NOVEMBER SHOWERS BRING ... STADIUMS?
Despite the rain, construction continues at Reliant Stadium. As of
mid-November, 375,215 square feet of elevated deck had been poured. Most of
the work is still on the west side, where 14 super columns have been
installed. The super truss steel erection on the west side will start Dec.
6. More than 500 employees are currently working on the project. Looking for
more info on the stadium? Check out the stadium section on
houstontexans.com:
http://www.houstontexans.com/facility/stadiummain.cfm

---
You are currently subscribed to texansnews as: GWHALLE@ENRON.COM
To unsubscribe send a blank email to
leave-texansnews-179392T@newsletter.houstontexans.com


The Direct Service payments are not processed through Payroll and I am not aware of the payment schedule.  I believe these payments are handled by the Service Connection.  Can you please work with Irma Alvarez for this piece?

Is the Fidelity Goal Planner the items which were previously set up a a deduction and were converted to Direct Deposit a few years ago?  If so, these payments will automatically be scheduled for payment on tomorrow.

Please let me know if additional information is needed from me.

Thanks,
Diane

 -----Original Message-----
From: 	Barrow, Cynthia
Sent:	Wednesday, November 28, 2001 11:17 PM
To:	Roman De Mezza, Maryann
Cc:	Jordan, Sheri; Davis, Sarah A.; Vasquez, Cynthia; Taylor, Diane; Joyce, Mary; Pieper, Kalen; Cash, Michelle
Subject:	follow-up to request for data collection

Attached is the listing of payables for Benefits (and most cost related to Dr. Office).  Please use this as a template for the information you are collecting on the BodyShop, Health Center and Dr. Office.   Maryann consider this a template.  Do not add to this file.  Create a new file with the same headings.  We can not risk any modification to what is already submitted related to the Corp. ERISA plans.   If you have any quesitons get with me ASAP.

In addition, I need you to work with Sheri Jordan to get information on the Service Awards, Cynthia Vasquez for the cost for Direct Service and Fidelity Goal Planner, and Sarah Davis for DayCare.  The information on Direct Service and the Fidelity Goal Planner may already be in progress by Payroll since these are payroll deductions.  (Diane, please let Maryann know as soon as possible if you all are already working on this.  If not, Cynthia will need someone in Payroll to help with how the payment of these items flow via payroll as well as the estimate of the next payment due.)

If you can think of anything else in your area that is a payable (e.g., MetClub) please include.

Thanks
Cb

 << File: Corpcosts.xls >>


[IMAGE] 	[IMAGE] [IMAGE] [IMAGE]

[IMAGE]
[IMAGE]
  [IMAGE] [IMAGE]   STOCK QUOTES:      [IMAGE] [IMAGE] [IMAGE]  [IMAGE]  [IMAGE] Please support our advertisers [IMAGE]  Sponsored by: AT?  [IMAGE]  [IMAGE] [IMAGE]  [IMAGE]  [IMAGE]  The Scoop [IMAGE]   Sun, Alcatel News Could Drag Market Down  Stocks are set for a weak open on Wednesday after network computer maker Sun  Microsystems Inc. and French telecom gear supplier Alcatel slashed their earnings  outlooks and stoked fears the economic downturn will wreak more havoc on  corporate profits.  [Full Story ]    [IMAGE]  Sponsored by: Scottrade  [IMAGE]  [IMAGE] Some Things Never Change: $7 Trades at Scottrade! Trade stocks for $7 at Scottrade.com, no matter how many shares you trade! Over 125 offices with personal brokers to service your account. Plan for your future - open an IRA today - no setup fees, no annual fees! Compare us to your broker ... Apply now! http://news.phase2media.com/moneynet_scottrade0301.asp  [IMAGE]  [IMAGE]  [IMAGE]  Inside Scoop  Living Large  Markets  Life Stages  Book Reviews   [IMAGE]  [IMAGE]  [IMAGE]  Dow Jones  Dow Jones Ind 30  [IMAGE]  NASDAQ Comp.  NASDAQ Comp.  [IMAGE]    Most Popular Stocks   [IMAGE]  F  24.99 0.00    [IMAGE]  AKLM  3.93 0.00    [IMAGE]  LU  8.32 0.00    [IMAGE]  JNPR  46.39 0.00    [IMAGE]  EMC  33.99 0.00    [IMAGE]  BRCM  36.89 0.00    [IMAGE]  TXN  36.55 0.00    [IMAGE]  COMPX  2175.54 -75.49    [IMAGE]  [IMAGE]   money.net Feature  [IMAGE]  [IMAGE] Now you can link back to Money.net no matter what site you're on with our new interactive Tool Bar. Jump to your streaming real time portfolio tracker, search for something on Google and check the latest sports scores with ESPN. Trust us, you will love this product!!!!!  www.athoc.com/wis/activate/default.asp?pid=20523&mktmsg=CA1   [IMAGE]   Don't forget to check out today's feature stories  [IMAGE]  [IMAGE]  [IMAGE]  Techs Fall on Sun, EMC Outlook, Dow Gains   Tech stocks hurt by downgrades, blue-chips scrape out small gains [Full Story ]  [IMAGE]  Lucent: What about the U.S. Brain Drain?   Bell Labs' think tank could end up working against the U.S. [Full Story ]   [IMAGE]  [IMAGE]  [IMAGE]  [IMAGE]   If you have questions about our site, please email us at info@money.net .  If there's a subject you'd like to read about, please email us at editor@money.net .  To unsubscribe from this mailing, please click here  to go to http://www.money.net/scripts/unsubscribe .  [IMAGE]  [IMAGE] [IMAGE]   ?2001 Money.net Incorporated .  Market Data Provided in part by: MarketFeed.com, Reuters, Inc.Reuters , S?Comstock.  All quotes delayed at least 15 minutes. (Except in Screamer - Real-Time Portfolio Tracker)  Charts provided by Goinvest.com, Inc.  Terms and Conditions   ? Privacy Policy   By accessing and using this page you agree to the Terms of Service .


Attached is a memorandum outlining some issues involved in Enron's proposed
Energy Management Services Agreement with MDEA and the applicable Mississippi
law that you requested.

Wilson M. will be in touch with you to discuss the matter further.  Should
you have any questions, please feel free to contact me at 601-973-8712.

 - Agreement.mem


have a good weekend. we have tomorrow off and I am headed to a bachelor
party....yee ha
PL


---------------------- Forwarded by Chris Dorland/CAL/ECT on 04/28/2000 11:57
AM ---------------------------

Tasha Loewen <tloewen@cal.sunpub.com> on 04/28/2000 08:45:07 AM
To: Chris.Dorland@enron.com
cc:
Subject: Re: Plans...

Hey buddy,

 What were you doing in Mexico?  Must have been really nice!  As far
as tomorrow is concerned, I think that we may have a few drinks before the
club scene, so you are more than welcome to stop over for a few. I would love
to introduce you to some of my "single" friends.  Actually, pretty much all
of them are single right now. (Teehee). Anyhow, I imagine that we will begin
at about 8 or so, hope to see ya there. I live in Marda Loop in the SW. It's
just off off Crowchild. My address is #2, 2106, 35th ave SW. Exit onto 33rd,
and it's easy from there. If you have any ques'ns, call me @ 249-1571.
Depending on which way you come, it is really easy to find. You can also get
there by 14th, or 17th, but in either case, you will still turn onto 33rd.
Talk to you soon!
T


---------------------- Forwarded by Zimin Lu/HOU/ECT on 08/30/2000 11:06 AM
---------------------------

Zimin Lu
08/30/2000 11:07 AM
To: Colleen Sullivan/HOU/ECT@ECT
cc: Andrew H Lewis/HOU/ECT@ECT, Greg Couch/HOU/ECT@ECT
Subject: Transport Fuel P/L

Colleen,

After looking into the transport deals for NBPL (long term deal 1,2, 25,26),
I think I figured it out why
we see positive fuel P/L for deal 1,25,and 26 and negative fuel P/L for deal
2.

The following plot shows NYMEX curve as of 8/23/00:

For short term, NYMEX moved up compared to that of 8/22/00, while the long
term NYMEX moved down.

Here are the tenor for each deal:

Deal 1:   start 01-Sep-00, end 22-May-09,    the above graph suggested a
positve fuel P/L
Deal 2:   start 01-sep-00, end 28-feb-02,       the above graph suggested a
small negative P/L
Deal 25: start 01-may-02, end 28-feb-09,      the above graph suggested a
positve fuel P/L
Deal 26: start 01-mar-09, end 31-may-09,    the above graph suggested a
positve fuel P/L

The transport book seems to be correct on these fuel P/Ls.

Another point worth to mention is that the fuel cost is related to index
price (NYMEX+basis+index premium), to correctly interpret fuel P/L,
we need to look at the index curve change.

Let me know your thoughts on this.

Zimin


Have a great weekend,

JP

 - Book1.xls


Tana:

The following is allowed to trade US Power products with certain limits:

Puget Sound Energy , Inc. : Open for West products, but Enron SALES only for
East products.  Trade in West pursuant to the WSPP Agreement, but since it is
a utility, trade in the East pursuant to the online GTC.

The following CP is not allowed to trade US Power Products:

Meridian Resource Corporation: Restricted by Credit

Thanks,

Shari


don't be fucking stupid.  i wouldn't do it straight up when i could get points.

 -----Original Message-----
From: 	Vassigh, Brian
Sent:	Wednesday, October 10, 2001 4:28 PM
To:	Lenhart, Matthew
Subject:	UT - Colorado

Let's put a C Note on the UT Colorado game straight up.

Your Texas Idol


Citigroup And Oracle Strike Marketplace Deal -- COMPANIES TEAM TO OFFER
INTEGRATED PAYMENT SERVICES ON BUSINESS-TO-BUSINESS EXCHANGES 11/20/2000

Citigroup is extending its reach as a provider of financial services to
business-to-business marketplaces. The $82 billion company has struck a deal
with Oracle to integrate its payment and financial-settlement services into
the vendor's online marketplace platform, Oracle Exchange.

In addition, Citigroup will co-brand and market OracleExchange.com, Oracle's
trading exchange for business supplies, to business clients and deploy
Oracle's E-procurement applications internally to simplify its own purchasing.

Citigroup already offers its services, called CitiConnect, to rival
marketplace companies i2 Technologies Inc. and Commerce One Inc. CitiConnect
supports complex financial transactions, such as employee procurement-card
purchases, electronic funds transfers, and cross-border payments, for
businesses participating in exchanges, whether or not they're Citibank
customers.

Other financial companies target-ing this market include Chase Manhattan Bank
Corp. and First Union Corp., which have partnerships with online marketplace
software provider Metiom Inc.; Wachovia Corp. has aligned with Clarus Corp.;
and ABN Amro, Bank of America, and US Bank have payment-services deals with
Ariba Inc.

"We see the role of banks in this space increasing as more commerce occurs
online," says Ann Cairns, global E-solutions head at Citigroup's E-business
unit. "The key thing that we bring in working with technology companies is an
understanding and intellectual capital around security and privacy issues."

But Cairns says few transactions occur on exchanges today. Most are building
their marketplaces, she says. It may be a while before integrated payment
services gain traction. A recent survey by AMR Research revealed that
companies participating in exchanges are still most interested in product and
vendor search capabilities, order status and tracking, and integration with
partners.

RetailExchange .com Inc., a business-to-business exchange for excess consumer
goods, is working on integrated credit services with commercial finance firm
CIT Group Inc. It plans to add shipping and payment services eventually, but
says large companies already have departments with expertise in those areas.
Says Ken Frieze, president and CEO of RetailExchange.com, "add-on transaction
services have to be better and have a greater value proposition than what's
available offline."

___________________________________________________________

o CheMatch.com Lays Off 8 Employees But Expects More Funding

HOUSTON -- CheMatch.com, a marketplace for buying
and selling bulk commodity chemicals, plastics,
and fuel products, said it laid off 8 employees,
reducing its workforce to 85. The company, which
withdrew its IPO in October, also said it expects
new funding before the end of the year from investors
that include its original backers. CheMatch is backed
by Battery Ventures, Bayer, Computer Sciences Corp.,
E.E. DuPont de Nemours & Co., Methanex, Millennium
Chemicals, H. Muehlstein & Co., Reed Elsevier, Sprout
Group, Stolt-Nielsen, and TownsendTarnell.
http://www.chematch.com/

________________________________________________

o Lockheed Spin-off TeraConnect Raises $40 Million Round One

NASHUA, N.H. -- Optical component company TeraConnect
said it completed its spin off from Lockheed Martin
company Sanders with a $40 million first round funded
by Goldman Sachs, Kodiak Venture Partners, and Spectrum
Equity Investors. The company said it will use the
funding for further product development. Kodiak
Venture Partners managing general partner Dave Furneaux
is chairman of TeraConnect's board of directors.
TeraConnect develops optical components for router,
server, and telecommunications infrastructure markets.
Telephone 603-885-2988.
_____________________________________________

o Data Communication Firm Bravida Lands $33 Million Series B

PALO ALTO, Calif. -- Bravida, a developer of data
communications infrastructure products, said it
received $33 million in its Series B round of funding,
led by Patricof & Co. Ventures. Advanced Technology
Ventures, Anila Fund, i-Hatch Ventures, Onset, and
St. Paul Ventures also participated. Michael Duran
of Patricof & Co. and Moses S. Joseph from Anila
Fund will join the company's board of directors.
The company will use the funds for product development
and to expand its staff.
http://www.bravidacorp.com/
_____________________________________________

o HyperTrust, Hosted Security Firm, Has $1 Million Funding

LEUVEN, Belgium -- HyperTrust, which is developing
a hosted platform for secure communications and
transactions based on digital signatures, said it
raised EUR 1.24 million ($1 million) in its first
funding. Investors in the round included Belgian
business accelerator AdValvas Group and IT-Partners.
The company said it will use the funding to continue
its product development. HyperTrust rents secured
infrastructure space to customers with a guarantee
of security measures. Sir Martin Lagauw of AdValvas
Group and Stefaan Nicolay of IT-Partners will both
take seats on the company's board of directors.
http://www.hypertrust.com/
_____________________________________________

o E-Payment Firm Trintech Buys Globeset for $31 Million

SAN MATEO, Calif. -- Trintech, a publicly-traded
provider of electronic payment infrastructure technology,
said it has acquired another e-payment firm, Globeset,
and all of its intellectual property rights to its
software products. Globeset was acquired for $10
million in stock, $21 million in cash, and the assumption
of liabilities. Globeset is backed by Compaq, CitiGroup,
Deustche Bank, Chase Manhattan, American Express,
and individual investors.
http://www.trintech.com/
http://www.globeset.com/
_____________________________________________


Hi Matt,

I understand that John Rigby sent you a draft of the standard turbine
contract.  Just thought you should know that it will be a E-Next type doc.

Thanks,

Kay


here is the updated file.
PL


Hi Dave,

I wanted to check in to see how we are coming with the change order.

Thanks,

Kay


Start Date: 3/8/01; HourAhead hour: 11;  No ancillary schedules awarded.  No
variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001030811.txt

---- Energy Import/Export Schedule ----
*** Final schedule not found for preferred schedule.
     Details:

  TRANS_TYPE: FINAL
  SC_ID: ECTRT
  MKT_TYPE: 2
  TRANS_DATE: 3/8/01
  TIE_POINT: PVERDE_5_DEVERS
  INTERCHG_ID: EPMI_CISO_WATER
  ENGY_TYPE: FIRM


Vince and Christie:

Again, many thanks for inviting and hosting the Tiger Team for an on-site
visit.  It was a wonderful opportunity to meet and attend the very
informative briefings from the many senior level contacts you provided to
learn more about Enron overall. It was enlightening and exciting to learn so
much about Enron.  What a great company!  The trip got rave reviews from the
students.  You were delightful and most accommodating hosts.

As for the project, I am in the process of confirming dates and locations
for the weekly Thursday (4:00-6:00pm EST) videoconferences with Enron and
will copy you on the email to the students. I know they are anxious to begin
to narrow the scope as soon as possible so that can begin the research and
analysis of their particular projects.

Thank you for your time and support of the project.

Sincerely,
Donna Piazze
Program Director
Field Application Project
The Wharton School
Univ. of Pennsylvania
215.573.8394   fax 215.573.5727
fap@management.wharton.upenn.edu
piazze@wharton.upenn.edu


---------------------- Forwarded by Hunter S Shively/HOU/ECT on 09/18/2000
12:08 PM ---------------------------

	From:  Amanda Huble @ ENRON                           09/18/2000 10:53 AM

To: Chris Gaskill/Corp/Enron@Enron, Hunter S Shively/HOU/ECT@ECT, Geoff
Storey/HOU/ECT@ECT, Donna Greif/HOU/ECT@ECT
cc: Airam Arteaga/HOU/ECT@ECT
Subject: EDI Discussion

Please plan to attend a meeting on Tuesday, September 19, in EB3084.

Thank you,
Amanda Huble


What is the status of getting the rate amendments executed?  if they haven't been done why don't we include both in with these?  MK

 -----Original Message-----
From: 	Lokey, Teb
Sent:	Thursday, October 04, 2001 1:18 PM
To:	Kirk, Steve; Miller, Mary Kay; Kilmer III, Robert
Subject:	FW: Amending Red Rock Contracts

 -----Original Message-----
From: 	Buehler, Craig
Sent:	Thursday, October 04, 2001 9:42 AM
To:	Doll, Jeanette; Lokey, Teb
Subject:	FW: Amending Red Rock Contracts

I believe these are all Negotiated Rate Agreements...

 -----Original Message-----
From: 	Lokay, Michelle
Sent:	Wednesday, October 03, 2001 3:21 PM
To:	Cormier, Martha
Cc:	Buehler, Craig; Lee, Dennis; Frazier, Perry
Subject:	Amending Red Rock Contracts

Oneok #27607 needs the receipt to be amended from East of Thoreau to Westar Ward, PPL#27649 needs to be amended from East of Thoreau to West Texas pool, and PPL#27641 needs to also be amended from East of Thoreau to West Texas pool for 4265/d...the balance of 15735/d will remain at East of Thoreau.  Can we get these contracts amended by this Friday?  Thanks.

Michelle Lokay
Account Director
Transwestern Commercial Group
713-345-7932


---------------------- Forwarded by Rob Walls/ENRON_DEVELOPMENT on 03/28/2000
05:10 PM ---------------------------

Robert C Williams
03/28/2000 05:31 PM
To: Rob Walls
cc:

Subject: General Counsel's Offsite

You asked about suggestions for agenda items for this meeting.  Here are a
couple of thoughts:

     1.  The to-be-issued rewritten policies on FCPA, Antiboycott Laws, and
U.S. Trade Restraint Laws (you'll have the latter two soon);

     2.  Standardized clauses for arbitration, choice of law, forum selection

     3.  Attorney-Client Privilege Legend on Enron Lawyers' Email

     4.  OneEnron Policy on retention of email (Richard Sanders and I are
working on this with IT--its in Richard's court right now)

     5.  Hiring between business units' legal departments (lawyers,
assistants, and legal specialists)

     6.  Standardization of PRC and compensation between business units'
legal departments.


i don't know.  why?

 -----Original Message-----
From: 	Bass, Eric
Sent:	Tuesday, February 05, 2002 2:22 PM
To:	Lenhart, Matthew
Subject:	RE:

who all got promoted on your desk?
 -----Original Message-----
From: 	Lenhart, Matthew
Sent:	Monday, February 04, 2002 10:27 AM
To:	Blanchard, Timothy; Bass, Eric; O'Malley, Justin; 'val.generes@accenture.com'; 'kevin.a.boone@accenture.com'
Subject:	FW:

 -----Original Message-----
From: 	Bhatia, Randy
Sent:	Monday, February 04, 2002 10:00 AM
To:	Wolfe, Jason; Lenhart, Matthew
Subject:

http://www.bol.ucla.edu/~rahjr79/ninja.htm


----- Forwarded by Steven J Kean/NA/Enron on 03/27/2001 02:43 PM -----

	Ursula Brenner
	03/23/2001 04:03 PM

		 To: Steven J Kean/NA/Enron@Enron
		 cc:
		 Subject: SMethodist Presentation

Steve,

Jeff is talking at SMU Management Briefing Series on March 27th.  The
organizers wanted him to talk about his background and career at Enron and
about where the industry is heading.  The presentation covers this last
piece.  The audience will be local business people and some SMU students and
professors (350-400 people)

Jeff already reviewed this presentation.  Please, let me know if you have any
questions or suggestions.

Thanks,

Ursula Brenner
ENRON CORP.
+1(713)345-3787

This message (including any attachments) contains confidential information
intended for a specific individual and purpose, and is protected by law.  If
you are not the intended recipient, you should delete this message and are
hereby notified that any disclosure, copying, or distribution of this
message, or the taking of any action based on it, is strictly prohibited.
---------------------- Forwarded by Ursula Brenner/NA/Enron on 03/23/2001
04:00 PM ---------------------------

Katrina Burton
03/23/2001 03:43 PM
Sent by: Katrina Burton
To: Ursula Brenner/NA/Enron@Enron
cc:

Subject: SMethodist Presentation


Since Koch has told you that they sold the properties to Duke, I would say
that Duke should be paying us for the gas.

I had heard that Koch sold the properties to another counterparty, but I
wasn't sure to whom.  I either talked or left a message with someone in the
settlements area about two months ago about this after Koch informed the
trader that they should not be getting the invoices.  However, I never heard
back from anyone.

This is related to the CES acquisition which came online the first of this
year.  The deal info we had at the time had this sale booked to Koch.  I can
change the tickets in Sitara to the Duke counterparty (or create new tickets)
today if you need me to, so that we can get the invoice out the door.  You
will still need to coordinate with the contract group in getting the correct
contract in place for the deal.

D

Tina Valadez
10/10/2000 10:18 AM
To: Carlos J Rodriguez/HOU/ECT@ECT
cc: Kristen J Hanson/HOU/ECT@ECT, Daren J Farmer/HOU/ECT@ECT
Subject: Koch Midstream Services Co

I have been billing Koch Midstream Services Co under ENA for meters
LL-1-0030-Comitas (Sitara #144052) and LL-1-0027-Volpe (Sitara #144049).  My
former accounting contact at Koch, Michael Thomas, said that Koch sold these
south texas assets to Duke Energy Field Services back in 1999.  Michael faxed
a contract which I forwarded to Cindy Balfour Flannigan in the contract
area.  Cindy said she can't tie the deals in the contract to our system so
she can't recognize the assignment.  Cindy has left messages with Koch, but
she has not been able to resolve the issue.    Koch is refusing to pay for
the gas and there is currently over a million dollars outstanding relating to
these deals.  I need to find out whether Koch or Duke is responsible for
paying for this gas.  Do you have any information regarding this issue?

Thanks,
Tina Valadez
3-7548

---------------------- Forwarded by Tina Valadez/HOU/ECT on 10/10/2000 10:03
AM ---------------------------

	From:  Ami Chokshi @ ENRON                           10/09/2000 02:47 PM

To: Tina Valadez/HOU/ECT@ECT
cc:
Subject:

Tina,

With regards ti the Koch Midstream, you could talk to Daren Farmer about it.
Also, Carlos Rodriguez could help.

Ami


Pull this together and then call Sharon so they can come get the copies.
Thanks.

DG
---------------------- Forwarded by Darron C Giron/HOU/ECT on 12/06/2000
02:50 PM ---------------------------

Sharon Smith@ENRON
12/06/2000 01:33 PM
To: Darron C Giron/HOU/ECT@ECT
cc:
Subject: September P&L

In review of our third quarter file, we have not received the P&L top pages
or curve shift reports for the following regions:  West Firm, FT Northwest
and Mgmt. West.  Please provide this information as we would like to close
out our third quarter file.  Thank you in addition for your help.

Sharon


-----Original Message-----
From: 	Nicolay, Christi L.
Sent:	Monday, October 22, 2001 11:57 AM
To:	Kitchen, Louise; Dietrich, Janet; Delainey, David; SMITH, Douglas; Lavorato, John; Black, Don; Forster, David; Duran, W. David; Belden, Tim; Calger, Christopher F.; Foster, Chris H.; Black, Tamara Jae; Aucoin, Berney C. ; Furrow, Dale; Meyn, Jim; Harvey, Claudette; Presto, Kevin M.; Jacoby, Ben
Subject:	FW: Summary RTO Week Day 2 -- Planning & Expansion

FYI.

TJ and Claudette -- please forward to your groups.  Thanks.

 -----Original Message-----
From: 	Walton, Steve
Sent:	Wednesday, October 17, 2001 10:17 PM

  RTO Week
Day 2 -- October 16, 2001
Transmission Planning & Expansion
The afternoon panel discussed transmission planning and expansion. The panelists were: Jose Degado--CEO American Transmission Company, Michael Dworkin--Chair Vermont PSC, Mark Maher--VP Transmission Business Line, Bonneville Power Administration, Lara Manz--PSE&G, Masheed Rosenqvist--National Grid, Steve Walton--Enron.
General Observations
The Commissioners were all present although the did leave and return from time to time.  Commissioner's Breathitt and Massey were the most active in questioning.  The FERC Staff were active in asking questions after the initial presentations, moving along the discussion by asking questions.  There was some reference to the morning discussion of congestion management, however, there was no discussion of the merits of the various types of transmission rights.  There was a good deal of consensus around the concept of the RTO Planning Process being first a provider of information to the market (where are problems, how might they be solved, etc.) and that the where possible that expansion be funded by market participants who would benefit.  There was a good deal of discussion of "least cost planning" and the identification of options which are not transmission related.  All agreed there had to be backstop authority to build transmission, however then the challenge is who pays for it, which raises the need for dispute resolution.
Opening Statements
Jose Delgado: ATC is a transmission only company with MISO as the system operator.  They view everyone as a customer whose needs are to be met.  They were formed by divestiture by IOUS, coops and munis and with a $500 million asset base initially. Their current ten year plan will add $1billion of investment.   Their top priorities are connecting generation and load.
Michael Dworkin: Because transmission is a common good, construction affects all parties not just one party.  The environmental and permitting of lines requires a balance of benefits with costs and a long range view.  The idea of joint boards should be considered for dealing with multi-state projects, although FERC has show little interest in joint boards they have been used by FCC.  State input needed because of the local needs and impacts which must be considered.
Mark Maher: FERC must consider the unique characteristics of the West when considering congestion management.  LMP is not a good fit to hydro systems with their multiple use obligations.  RTO West is developing a planning process which will give the RTO the freedom to develop options as we learn in the future.  The RTO needs a strong centralized planning process.
Laura Manz: The various aspects of planning are connected.  Pricing (LMP) is the key to getting the right signals for expansion of transmission and resources.   No competitor should have an advantage over another.  The RTO needs a central planning process but it shouldn't push solutions.  The market should decide on solutions.
Masheed Rosenqvist: The morning discussion of congestion management talked about hedging against risk.  The planning discussion is not about what we have now, but about how to avoid future congestion.  The Commission has taken conflicting positions in different cases.  The issues that need to be answered are:  How can merchant transmission be compensated?  Should transmission projects be open to RFPs?  Is FERC open to market based pricing for expansions?
Steve Walton:  The most important thing for FERC to do for expansion is to settle the matter of industry structure do away with the uncertainty that has frozen transmission investment.  The RTO debate has been going on for 5 years or more and needs to be settled.  For expansion to go forward, there needs to be a clear property right which accrues to the expanding party.  You are always going to have muddy issues in planning.  For instance if a 138 kV line is all that is needed to day, but future considerations of scare right-of-way say a 345 kV line should be built, who pays for the extra cost.  In order to resolve such matters the planning process must include a dispute resolution process, appeal able to FERC, to decide such matters.
Discussion
Kevin Kelly asked about he fact that some parties benefit form current congestion so how does a stakeholder process get things built when some oppose.  Most agreed that if a party wants to fund construction it should be built with the beneficiaries funding.  Michael Dworkin expressed concerns about use of eminent domain to build which means a benefit test must exist to say this is the best solution, i.e. least cost planning.  This lead to discussion of the need for the RTO to be provider of information to all parties so they can make intelligent decisions.
Commissioner Massey asked about whether the system was (a) under built and needed lots of expansion so don't worry about overbuilding or (b) transmission planning should consider all options before construction of new facilities.  The panel agreed that pricing needs to be a prime determinant in the process.  Michaela Dworkin worried that overbuilding distorts decisions.  Laura Manz felt that the term "under built" is a secondary effect of not having proper pricing of locational prices to guide parties.
Dick O'Neil asked if LMP will work in the West.  Mark Maher said it wouldn't.  Laura Manz said it applies everywhere because of physics, they manage hydro facilities in PJM.  Michael Dworkin said LMP means an explicit measure of cost of congestion and the value of generation at locations and ought not to be rejected just intelligently designed.  BPA is looking pricing model but LMP won't work.  Steve Walton said LMP needed for real time dispatch, but given the nature of the Northwest hydro system it must have some "tweaks" like bilaterals and allow operator self-schedule output levels to permit  river coordination.  Hydro system optimizes over weeks and months to maximize firm energy production not on an hour to hour basis.  PJM has hydro, but not 70% as in the Northwest.  Implementation will be different because such thing as unit commitment are different when you have primarily hydro and base load coal.
In the summation at the end of the panel, four principles were listed:  (1) RTO must provide information, (2) RTO should identify solutions, (3) RTO should be unbiased and (4) the RTO should be accountable.  The disagreement was over the last two points, Michael Dworkin felt that #3 (unbiased) was critical and that #4 (accountability) was accomplished by having regulators involved in governance.  Jose Delgado said and Transco can't be unbiased since it provides services, although the ISO above it can be, but accountability is based on loosing your investment if you make an mistake.  This last point really comes down to a preference for ISO over Transco forms and the tension which exist because unbiased and accountability issues.
Steve


Daren,

We have deliveries of about 4,500/mo., more or less, at this meter beginning
in May, 2000.  These volumes are currently on the Strangers Agmt, but,  I
feel that a sales deal should be out there.   Please let me know what needs
to be done to resolve this.

Mary  ext 35251


EES is fully on board with these pursuits...
---------------------- Forwarded by Janet Dietrich/HOU/EES on 09/24/2001 10:18 AM ---------------------------
From:	Jeff Dasovich/ENRON@enronXgate on 09/21/2001 03:48 PM
To:	Richard Shapiro/ENRON@enronXgate, James D Steffes/ENRON@enronXgate, Paul Kaufman/ENRON@enronXgate, Harry Kingerski/ENRON@enronXgate, Steven J Kean/ENRON@enronXgate, Susan J Mara/ENRON@enronXgate, Jeremy Blachman/HOU/EES@EES, Janet Dietrich/HOU/EES@EES, Vicki Sharp/HOU/EES@EES
cc:
Subject:	Intention to Challenge the California's PUC's Decision to Suspend DA

?	The PUC's decision 1) suspending DA and 2) signaling the PUC's intent to continue to consider nullifying DA contracts signed after July 1 is full of holes.
?	We haven't detected any downside in joining with coalitions, and trying to get other coalitions, to appeal the PUC order.
?	Sue Mara is working with the ARM coalition to appeal yesterday's order and is taking the lead generally on the effort to reverse things.
?	The appeals that we would join, and attempt others to persue on their own, would focus principally on two issues:  1) disabusing the PUC of the notion that it has the legal authority to nullify contracts retroactively, and 2) lifting the suspension on DA altogether (let me know if I've missed anything here, Sue).

Please let us know if folks have any concerns that would cause us to reconsider pursuing these challenges.

Best,
Jeff


Hey guys,

Here is the activity sheet for November.  All activity is for the Balancing
Agreement only!!!!!

I am planning to inject approximately 15,000 MMBtu per day for the rest of
the month and that should put me in a pretty good position.  Please respond
when you have a minute.

Thanks


AGA for 6/23/00 is 73


You are bad to the bones...!

	Bob Bowen
	04/25/2001 11:42 AM

		 To: Tana Jones/HOU/ECT@ECT
		 cc:
		 Subject: Re: FW: Request Termination Agreements for 4 EnronOnline
Transactions W/ ATTACHMENT

The trades are all similar so here goes:

Fixed Price Payer (Buyer)  Coral Energy Holding, L.P. ((EnronOnline Deal
#1150351)
     Morgan Stanley Capital Group Inc.  (EnronOnline Deal #1150406)
     Morgan Stanley Capital Group Inc.  (EnronOnline Deal #1150411)
     Morgan Stanley Capital Group Inc.  (EnronOnline Deal #1150426)

Floating Price Payer(Seller)  Enron North America Corp.
Deal Date    4/20/01
Effective Date    10/1/01
Termination Date   10/31/01
Notional Quantity   5,000 MMBtu per day
Fixed Price    Last Day of NYMEX plus $0.3700
Floating Price    The applicable Determination Period Bidweek Average Price
in the
     row entitled "Malin" located in the "California" section of the table
entitled
     "Spot Gas Prices" in the first issue of Natural Gas Intelligence Weekly
     Gas Price Index for the applicable Determination Period
     or, simply stated
     NGI - Malin
Commodity    Natural Gas

If I forgot something, please let me know.

How is Karen Lambert by the way?  Has she been on vacation lately?

From: Tana Jones on 04/25/2001 10:05 AM
To: Bob Bowen/HOU/ECT@ECT
cc:
Subject: FW: Request Termination Agreements for 4 EnronOnline Transactions W/
ATTACHMENT

Attached is a list of four deals for some online "oops" trades.  Can you send
me the deal particulars so I can prepare terminations of the trades.
----- Forwarded by Tana Jones/HOU/ECT on 04/25/2001 10:04 AM -----

	Robert B Cass/ENRON@enronXgate
	04/25/2001 09:50 AM

		 To: Tana Jones/HOU/ECT@ECT
		 cc: Jennifer deBoisblanc Denny/ENRON@enronXgate
		 Subject: FW: Request Termination Agreements for 4 EnronOnline Transactions
W/ ATTACHMENT

Tana -
This e-mail includes the attachment.  It "fell off" my e-mail from last night.

Thanks -
Rob

 -----Original Message-----
From:  Cass, Robert B.
Sent: Tuesday, April  24, 2001 6:29 PM
To: Jones, Tana
Cc: Moorer, Torrey; Denny, Jennifer; Thomas, Sheri
Subject: Request Termination Agreements for 4 EnronOnline Transactions

Hi Tana -

We need your assistance in preparing termination letters for the transactions
listed on the attached spreadsheet and described as follows:

On Friday, April 20, 2001, four transactions occurred on EnronOnline that
were in error.  One transaction was with Coral Energy Holding L.P. and three
transactions were with Morgan Stanley Capital Group, Inc.  As mutually agreed
to by both the Enron commercial team and the respective counterparties, it
was decided that each of the four transactions would not be confirmed and
should be terminated.

The exact specifics are detailed as follows:

? The transactions occurred due to an inadvertent entry in the actual
production system of EnronOnline by a Product Control Group member, Melba
Lozano.  Melba activated a product assuming that she was in the EnronOnline
test system of EnronOnline.

? The product transacted upon is normally managed by Frank Ermis.  However,
in his absence on Friday, the product was managed by Matt Lenhart.

? Steve South, trader on the West Desk, called and notified both Morgan and
Coral that the product had been posted in error.  All parties agreed that the
transactions were not reflective of the normal pricing.  As a result they
further agreed that transaction confirmations would not be necessary and that
the deals would be "killed" on all sides.  (For reference of any telephone
tapes that may need to be pulled, the conversations with the counterparties
occurred around 2:00 pm.)

? No confirmations were generated as a result of the killing of the
transactions in TAGG.

? I spoke with Mike Grigsby on Monday (April 23, 2001) and advised him that
termination letters may be required by Legal.  He responded that he had no
problem with that.

Tana, please advise if additional information is required to complete the
termination letters or if another course of action is warranted.

Thank you,

Rob Cass
x35491