Charles Schwab & Co., Inc.
Email Alert

Morning Market View(TM)
for Tuesday, October 23, 2001
as of 9:30AM EDT
Information provided by Schwab Center for Investment Research

STOCKS, YANKEES ON A TEAR

Much like the recent winning trend of the world champion New
York Yankees, stocks were poised to add to recent gains at the
open as earnings season continues in full swing amid the
backdrop of an ongoing retaliatory campaign and bioterrorism
scares.

Telecommunication equipment giant Lucent Technologies
(LU,6.90,f2) said its loss for the fiscal 4Q widened to $0.27
per share, excluding $8 billion in restructuring and one-time
charges, worse than the $0.23 per share First Call consensus
estimate. Including the charges, Lucent's loss widened to $2.59
per share. The company cited the elimination of jobs and some of
its product lines for the charges. Going forward, Lucent
anticipates a sequential fall in revenue in fiscal 1Q before a
rise in fiscal 2Q sales.

Leading U.S. oil company and Dow component Exxon Mobil
(XOM,41,f2) posted 3Q earnings, excluding items, of $0.48 per
share, below the First Call consensus of $0.50 per share on a
9.5% revenue decline amid softening demand and weaker crude
prices. In a similar story, oilfield services company
Schlumberger Ltd. (SLB,48,f2) reported 3Q earnings of $0.34 per
share, $0.01 lower than the Street's mean forecast.

Pharmaceutical titan Bristol-Myers Squibb (BMY,60,f2) posted 3Q
earnings of $0.63 per share, in line with the First call
consensus. Sales of the company's diabetes and blood-clotting
drugs offset declining sales of its flagship cancer and anxiety
medicines.

Insurance and financial services company MetLife (MET,26)
reported that it was eliminating roughly 1,900 jobs in a move to
cut costs amid weakening conditions in the sector. The Snoopy
and Charlie Brown purveyor also reduced its claims estimates
associated with the Sept. 11 attacks to roughly $210 million,
down from the previous forecast of $250 million to $300 million.
The company expects 3Q operating profits of $0.29-$0.31 per
share.

Mobile-phone company AT&T Wireless (AWE,12.94,f2) said 3Q
profits rose to $0.03 per share, well above the $0.02 per share
loss expected by the Street. The company said that it added an
additional 748,000 mobile customers during the quarter and sales
rose 25%, but it plans to leave the fixed wireless business and
take a related pretax 4Q charge.

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

TREASURY AND ECONOMIC SUMMARY

Bonds were slightly lower as stocks were poised to open higher.
Bonds will likely take direction from the equities market absent
any significant economic data or Fed speak.

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

WORLD MARKETS

Technology stocks once again led European bourses higher, with
the Bloomberg European 500 Index up 1.99% as of 8:57 a.m. EDT.
Dutch banking company ABN Amro (ABN,14.79,f2) lowered its fiscal
year 2001 earnings guidance in the wake of the terrorist
attacks, while drug giant GlaxoSmithKline PLC (GSK,55) saw its
3Q earnings rise 20%, slightly above expectations. The dollar
continued its upward trend against the euro as traders
anticipate a quicker economic recovery in the U.S. than in other
parts of the world. Adding to the gloomy economic landscape,
Italian business confidence fell to 84 in September from
August's 96, well below expectations. However, September's
French consumer spending data was unexpectedly higher.

Asian markets were higher with Japan's Nikkei-225 finishing up
2.80% led by strength in technology and exporters owing to
continued weakness in the yen. The Japanese currency continued
to slide against the dollar amid a government report that
investors have sought better returns in foreign bonds since the
beginning of the second half of the fiscal year. In earnings
news, Chartered Semiconductor (CHRT,18.70,f1) reported a
better-than-expected 3Q loss of $118.3.million and said it was
close to a bottom in the beleaguered chip industry.

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

FUTURES WATCH

In the December Globex futures contract as of 8:57 a.m. EDT, the
S&P 500 Index was up 4.5 points (7 points above fair value),
while the Nasdaq 100 Index was up 15.5 points (17 points above
fair value). The December DJIA futures contract was up 28 points
(47 points above fair value) and the December crude oil futures
traded on the NYMEX were up $0.10 at $22.36/barrel.

William Johnson, Market Analyst

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Distribution by Quris, Inc.


Hi Mom,

Ruth Chris would be nice.  I don't know anything anout Cafe Natalie.  Use
your judgement.

We are about to leave for SD.  So I will give you a call from there.
Don't forget to cheer for the horns and . . .

Hook 'em!

"K. Bass" <daphneco64@bigplanet.com> on 12/28/2000 01:18:52 PM
Please respond to "K. Bass" <daphneco64@bigplanet.com>
To: Eric.Bass@enron.com
cc:
Subject: Re: New Years

Hi Eric,

I just got the only remaining reservations at RC's but they are at 5.  At
this point, I am sure that it will be next to impossible to get anything
else, anywhere else.  I have been trying to contact a new, local restaurant
near here but their line has been busy.  They do have a prix fixe menu
though, unlike RC's.  Let me know what you want to do.  LU-M  Have a great
trip and be careful.
----- Original Message -----
From: <Eric.Bass@enron.com>
To: <lwbthemarine@bigplanet.com>
Cc: <daphneco64@bigplanet.com>; <shusser@enron.com>
Sent: Thursday, December 28, 2000 10:02 AM
Subject: New Years

> Have you decided on plans for New Years?  I was thinking about doing a
nice
> dinner somewhere (i.e. Ruth Chris).  Let me know.
>
> -Eric
>


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Dear Investor,

Here's the biggest lie in technology today...

...one that has individual investors completely in the dark
about an opportunity of immense proportions.  A LOW-RISK
tech stock that can easily DOUBLE your money by this time
next year--then make your fortune several times over in the
years to come.

IN JUST A MOMENT, I'll tell you how to get the name of this
stock, complete details and my full "buy instructions"--
absolutely FREE, without obligation of any kind.

But first, back to technology's biggest lie.  I'm talking
about the so-called "glut" of fiber optic cable.

WHEN the World Trade Center got hit, the Internet slowed
down--very noticeably slowed down.  In fact, it nearly came
to a grinding halt!  That means there isn't enough capacity
or redundancy built into the system to accommodate a blip
in demand.

Sources tell me that the government is very worried about
this problem.  After all, this is the second time it's
happened.  Back in July, a tunnel fire in Baltimore slowed
the Internet to a crawl for two full days.

That means our communications systems--and therefore our
economy--are very, very vulnerable.  And we are closer to
the BREAKING POINT than 99.9% of Americans even begin to
understand.  Here's one example.

Qwest--one of America's biggest carriers--recently said
they're 60% loaded on their network.  That doesn't sound
too bad...until you understand how these networks operate.
You can't load a network much past 65%.  In fact, 70% is
virtually catastrophic--because the network spends so much
time searching for open channels, it doesn't spend any time
actually sending packets of information.

The system locks.  Communications stops.  The nation comes
to a standstill.  And business, the economy and our
national security all go in the CRAPPER.

BUT WHY do we have this capacity problem amidst a "fiber
glut?"  Because  95% of all the fiber that has ever been
laid is "dark"--that is, it's not activated.  And the
company I'm recommending is the #1 supplier of the
components needed to do the job.  I'm looking at a DOUBLE--
possibly a TRIPLE by this time next year.  And I fully
expect to multiply our money five-times over by 2007.  In
fact, this stock truly has "ten-bagger" potential!

So get in on the action.  Click on the link below to get
the name of this stock in your special FREE report: Meet
the Powerbrokers of the Real Economy.  I think you'll find
this FREE offer well worth your while.  In 1999--the last
time tech stocks started from such depressed levels--my
clients earned 157%, as verified by The Hulbert Financial
Digest.  And that earned us Hulbert's #1 RANKING for all
investment advisories!

At the height of the boom, this company's stock was nearly
20-times higher.  So what changed?  Spending on
communications networks dried up.  Now the government is
ready to pump $100 billion in emergency spending into the
economy; interest rates are practically zero; and the need
isn't just vital for the economy anymore--it's a question
of NATIONAL SECURITY!

Please don't miss out.

You've got nothing to lose by taking a look at this FREE--
no strings attached--special report.  Click here to sign up
now:

http://www.ppi-orders.com/index.htm?promo_code=1DJ122

Sincerely,

Michael Murphy
TECHNOLOGY INVESTING

P.S.  The longer you wait, the more profits you MISS OUT
on.  This "ten-bagger" has a long ways to run--but it's
already UP 51% since October 1st, in recognition of this
company's vital new role in national security.

Dark fiber does no good.  Actual carrying capacity is
strained to the limits.  And get this--data traffic is
DOUBLING every year now.  That means a network running at
63% of capacity needs to double its load by this time next
year just to keep up.  That's why the fiber must be lit.
That's why the fiber will be lit.  Click here to get your
special FREE report now.

http://www.ppi-orders.com/index.htm?promo_code=1DJ122

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If you'd like to watch the employee meeting next week on your computer,
follow the instructions below to install IPTV.  We'll also have it playing on
the plasma screen monitor.

Ginger - Please distribute to Rick's group outside of Houston.

Thanks!
---------------------- Forwarded by Elizabeth Linnell/HOU/EES on 02/22/2000
06:24 PM ---------------------------

	Danny Campbell
	02/17/2000 11:01 AM

To: Elizabeth Linnell/HOU/EES@EES
cc:
Subject: Instructions to install IP TV

The following are instructions to install IP TV.

1.  Make sure you are logged in as the user that owns the system, and that
you are on the network.
Select the following options, starting at the main desktop menu.
2. click - Start (button)
3. click - Settings
4. click - Control Panel
5. Double click - Add/Remove Programs  Icon
6. Double click - Wininstall Installer
7. Double click - Cisco IP TV
 and install.
8. Following the install, restart the system.
9.  When you boot back in, go to  Start/Programs/Cisco IP TV  and double
click the executable and your in.

Elizabeth, if you have any questions or problems, please give me a call.
39336.
Thanks,
Danny


Last month you received an email about enrolling in the Enron PAC.  The
response has been positive.
Thank you to those of you that have already enrolled or made a change to your
current contribution!
If you have not had an opportunity to visit the enrollment site, please
consider taking a moment to do so.  The link to the website is at the end of
this message.

 Some of you may have experienced problems launching the site or enrolling.
We apologize for any trouble that you may have had.  The enrollment works
best in either Internet Explorer or Netscape.  The most frequent problems
were a result of the Lotus Notes web browser that many employees have
installed as a default browser.  If this is your case, please copy and paste
the link at the end of this message into either Internet Explorer or Netscape.

As a reminder - Following is the original message regarding the PAC
enrollment:

Last year the Enron Political Action Committee (PAC) launched a campaign to
become a "million dollar PAC".  Enron employees, who provide all of the
funding for the PAC, responded and the Enron PAC reached its objective,
becoming one of the largest corporate PACs.  This year we face a new
challenge.  With the sale of EOG, the announced sale of PGE and normal
employee turnover, we have lost a significant number of consistent
contributors.  We are seeking your support.  If you are not a member, please
join.  If you are a member, we hope you will consider increasing your
contribution.

The Enron PAC is an essential tool in our effort to promote sound public
policy.  Our PAC funds support local, state and federal candidates, of both
parties, who support open markets, deregulation and customer choice.  Amounts
contributed may be used to make political contributions in connection with
federal and state elections and are subject to the limits of the Federal
Election Campaign Act.  While our PAC has grown thanks to our employee
contributions, it still generates just a fraction of the expenditures of
those who oppose these ideals.

This year, as always, we face challenges and opportunities for every one of
our businesses, including such issues as taxation and regulation of
e-commerce, electric industry restructuring, regulation of derivatives,
international trade and investment legislation, pipeline safety, local and
state decisions affecting the siting and interconnection of power plants and
a variety of environmental and tax issues.  Enron has a long and successful
track record of supporting and advancing good public policy.  That track
record depends on access to and regular communication with, decision makers.
The PAC provides that access - - it shows policy makers that real voters care
about what they are doing.

One of the best things about Enron is that we don,t just take things as they
are.  We challenge the status quo.  We ask why.  We change things.  The PAC
helps us do that.  We need you to help the PAC.  Sign up today ) and please
consider the following contribution guidelines:

Manager    $500/year
Director     $750/year
Sr. Director/General Manager  $1,000/year
Vice President    $2,500/year
Sr. VP/Managing Director  $3,500/year
Executive Committee   $5,000/year

All contributions are voluntary and these guidelines are merely suggestions.
You are free to contribute more or less than the guidelines suggested and
Enron will not favor or disadvantage anyone by reason of the amount of their
contribution or their decision not to contribute.  You may refuse to
contribute without fear of reprisal.

Only U.S. citizens and resident-aliens living in the U.S. can contribute to
the Enron PAC.  Amounts contributed may be used to make contributions in
connection with federal and state elections and are subject to the
limitations of the Federal Election Campaign Act.  The maximum contribution
is $5,000 per year per individual.  An individual may not contribute more
than $25,000 to all federal candidates and committees within a calendar
year.  The law requires that Enron report name, address, employer and
occupation for every person who contributes over $200/year.

No portion of any contribution is deductible as a charitable contribution for
federal income tax purposes.

Thanks for your support!  Sign up now, or revise your current contribution
level by connecting with the PAC intranet site:

 http://pacmembers.enron.com


your so poetic, please continue to share with me your true feelings, it only
increases my opinion of LSU alums.


Naveen,

Most of these tests have been already coded. The code and the associated
spreadsheets may have been lost inn the sands of time. Please, check with
Vasant: it may save you some time.

Vince

Naveen Andrews@ENRON
08/23/2000 05:51 PM
To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: Backtesting

Vince,
             I am currently implementing the backtesting features into our
Risk Management system.  I distributed the following document at our research
meeting today; it outlines the conventional binomial test and some other
tests, including the Basle regulatory test.   Of course, no one test is
powerful and the efficacy of these tests breakdown for low sample sizes,
etc.  If you can think of other tests to complement these, please let me know.

Regards
Naveen


As Enron finalizes plans for our child care center scheduled to open during
the 3rd quarter of next year, we are seeking input on 5 alternative
names/concepts for the naming of our center. If you've already given
feedback, THANKS!

If you have not, please take 5 minutes of your time to stop by EB 49C3 from
11-1 TODAY to give us your opinion.

Feel free to bring a friend! FREE cookies will be provided!

Please forward this email to any other Enron employees that may want to
provide their  input on the naming of the center.

We look forward to seeing you later today!

Regards,

Charla


Soto, Milena
P.O. Box 66742
Houston, TX 77266
5100 Westheimer
Houston, TX 77056

Phone: (713) 522 0141
Fax  : (713) 522 2027


Start Date: 10/15/01; HourAhead hour: 19;  No ancillary schedules awarded.  Variances detected.
Variances detected in Energy Import/Export schedule.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final Schedules\2001101519.txt

Error retrieving HourAhead price data - process continuing...
---- Energy Import/Export Schedule ----
$$$ Variance found in table tblINTCHG_IMPEXP.
     Details: (Hour: 19 / Preferred:   0.00 / Final:   0.01)
  TRANS_TYPE: FINAL
  SC_ID: ECTRT
  MKT_TYPE: 2
  TRANS_DATE: 10/15/01
  TIE_POINT: MALIN_5_RNDMTN
  INTERCHG_ID: EPMI_CISO_RED
  ENGY_TYPE: WHEEL
$$$ Variance found in table tblINTCHG_IMPEXP.
     Details: (Hour: 19 / Preferred:   0.00 / Final:  49.83)
  TRANS_TYPE: FINAL
  SC_ID: ECTRT
  MKT_TYPE: 2
  TRANS_DATE: 10/15/01
  TIE_POINT: SYLMAR_2_NOB
  INTERCHG_ID: EPMI_CISO_BLACK
  ENGY_TYPE: WHEEL
$$$ Variance found in table tblINTCHG_IMPEXP.
     Details: (Hour: 19 / Preferred:   0.00 / Final:  49.81)
  TRANS_TYPE: FINAL
  SC_ID: ECTRT
  MKT_TYPE: 2
  TRANS_DATE: 10/15/01
  TIE_POINT: MEAD_2_WALC
  INTERCHG_ID: EPMI_CISO_BLACK
  ENGY_TYPE: WHEEL
$$$ Variance found in table tblINTCHG_IMPEXP.
     Details: (Hour: 19 / Preferred:   0.00 / Final:   0.01)
  TRANS_TYPE: FINAL
  SC_ID: ECTRT
  MKT_TYPE: 2
  TRANS_DATE: 10/15/01
  TIE_POINT: FCORNR_5_PSUEDO
  INTERCHG_ID: EPMI_CISO_ORANGE
  ENGY_TYPE: WHEEL
$$$ Variance found in table tblINTCHG_IMPEXP.
     Details: (Hour: 19 / Preferred:   0.00 / Final:   0.01)
  TRANS_TYPE: FINAL
  SC_ID: ECTRT
  MKT_TYPE: 2
  TRANS_DATE: 10/15/01
  TIE_POINT: PVERDE_5_DEVERS
  INTERCHG_ID: EPMI_CISO_BLUE
  ENGY_TYPE: WHEEL
$$$ Variance found in table tblINTCHG_IMPEXP.
     Details: (Hour: 19 / Preferred:   0.00 / Final:   0.01)
  TRANS_TYPE: FINAL
  SC_ID: ECTRT
  MKT_TYPE: 2
  TRANS_DATE: 10/15/01
  TIE_POINT: PVERDE_5_DEVERS
  INTERCHG_ID: EPMI_CISO_GREEN
  ENGY_TYPE: WHEEL


Hello!

As we enter the new year, I think we should all be reminded of Enron's work
hour policies and the environment in which we operate.

Enron supports and encourages flexible work hours (7:30-4:30, 8:00-5:00,
8:30-5:30, part-time, etc.).  Additionally, the policies allow us generous
personal time, family time, sick leave, vacation time, etc.  We are supported
and encouraged to put our health and families first.

This culture allow us many freedoms, and it does not dictate a
"clock-watcher" mentality.  However, we are all paid to give Enron a minimum
of a 40 hour work week (or some other agreed upon part-time amount).  This 40
hours does not include your lunch hour.

As you are all aware, many of our fellow co-workers on the 30th floor are
required to give much more than 40 hours a week.  Please do not abuse the
privileges we are afforded, and do not tarnish the reputation of our group.

Thanks for all of your hard work and cooperation. . .
Carrie


world cup 2006  --  Germany

BOO!


Updates
Jennifer Burns - new cell phone number
Kathy McMahon - new executive committee assistant


Ken,  Attached are the Medusa docs with some slight revision.  The revisions
are all to make it clear that this is a nonbinding proposal.  Please let me
know if you have any questions.


The meters listed in the attached email will be shut-in in order to pig the
Baytown 12".  The meters will be shut-in early on the morning of August 15,
and remain shut-in for approximately five to ten days.

If you have any questions please call me 36449.

Thanks
Gary Hanks
Mgr Gas Control
---------------------- Forwarded by Gary A Hanks/HOU/ECT on 08/01/2000 10:44
AM ---------------------------

Mike Vollmering@ENRON
08/01/2000 08:59 AM
To: Gary A Hanks/HOU/ECT@ECT, Jill T Zivley/HOU/ECT@ECT
cc: James McKay/HOU/ECT@ECT, Pat Flavin/GCO/Enron@ENRON, Liberty Team
HPL/GCO/Enron@ENRON
Subject: Baytown 12''

The Columbus Energy Wiggins #1 (989634) will be effected by the pigging
project. The tap valve is installed in the MLV bypass and the bypass will be
removed to blow down the line.

Here is a list of all the Producers that will be effected.
Columbus Energy -------- Wiggins #1 (989634) and Fig Orchard (986764)
Sanchez O&G -------------- Worthen (989822) and Highlander #1 (989760)
ETOCO ----------------------- Hargrove Cmpt. (989651)
Highlands Pipeline Co.-- (989758)

The total volume from this production is 24 -25mmcf/d.

Please call if you need more 281-652-2510.

Thanks;  Mike


__________________

I have set up a meeting with Carol for Wednesday April 11 @ 9:00.

Nick Ernst


FYI.  New gas complaint filed by Lief Cabraser.

>  <<3-22 Sweetie's Complaint.pdf>>
>
> **************
>
> CONFIDENTIAL
>
> Luce, Forward, Hamilton & Scripps LLP
> 600 West Broadway
> Suite 2600
> San Diego, CA 92101-3391
> (619) 236-1414
>
> The information contained in this electronic mail transmission is
> confidential and intended to be sent only to the stated recipient of the
> transmission.  It may therefore be protected from unauthorized use or
> dissemination by the attorney-client and/or attorney work-product
> privileges.  If you are not the intended recipient or the intended
> recipient's agent, you are hereby notified that any review, use,
> dissemination, distribution or copying of this communication is strictly
> prohibited.  You are also asked to notify us immediately by telephone and
> to delete this transmission with any attachments and destroy all copies in
> any form.  Thank you in advance for your cooperation.
>

 - 3-22 Sweetie's Complaint.pdf


Thanks, Karen.  And please thank Marathon for the info.  If this holds true,
sounds like Burton plans to make things pretty messy.

	Karen Denne
	01/10/2001 09:31 PM

		 To: Sandra McCubbin/NA/Enron@Enron, Susan J Mara/NA/Enron@ENRON, Jeff
Dasovich/NA/Enron@Enron, James D Steffes/NA/Enron@Enron, Richard
Shapiro/NA/Enron@Enron, Paul Kaufman/PDX/ECT@ECT, Steven J Kean/NA/Enron@Enron
		 cc:
		 Subject: RE: Angelides

FYI, here's info from Marathon about who potentially could carry Angelides'
proposal.
---------------------- Forwarded by Karen Denne/Corp/Enron on 01/10/2001
09:28 PM ---------------------------

"Joan Kradin" <jkradin@marathon-com.com> on 01/10/2001 12:23:42 PM
Please respond to "Joan Kradin" <jkradin@marathon-com.com>
To: <Karen.Denne@enron.com>
cc:

Subject: RE: Angelides

Karen -
We believe its going to be John Burton.

We've also heard that any of these bond issue proposals are going to run
into trouble with Kathleen Connell.  They all have to go through her office
and she's not prepared to be helpful.  She's viewing it as an issue in her
Los Angeles Mayor's race since bond repayments will be spread over all state
taxpayers and she doesn't think muni customers should have to participate.
This may be moot by April 10 if she doesn't make it into the runoff, but she
can make some noise til then.

-----Original Message-----
From: Karen.Denne@enron.com [mailto:Karen.Denne@enron.com]
Sent: Wednesday, January 10, 2001 5:03 AM
To: Joan Kradin
Subject: Angelides

Any chance you can find out if Angelides has found someone to carry his
proposal in the Legislature?  Thanks! kd


Ain't I just the nicest guy you know, MODEST TOO!

Joan Veselack@ENRON
04/19/2000 07:57 PM
To: Chris Germany/HOU/ECT@ECT
cc:
Subject: Re: Transport Pricing

Chrisseeeeeeeeeeee!!!!!!!!!!!!!!!!!!!!!!!!

Thank you so much for the spreadsheet.... it helped in working on Calp's
pricing for April. I still have a couple questions.


Hi there!

Sounds like things are going really well.

Neil is working tomorrow (his turn), then we have a wedding to go to Saturday
night. Paige isn't coming in until Sunday, leaving Tuesday or Wednesday.
She's visiting friends in Waco.  You know how it goes with juniors. So, it
doesn't look good for us to  make it to Palacios this weekend.  How long are
you going to be there?

Gotta get on the phone.

Love,

Kay

Bill and Rita McCall <bmccall@wcnet.net> on 10/13/2000 01:14:59 PM
To: Kay.Mann@enron.com
cc:

Subject: Palacios calling

Hi Kay Kay. Hope you have had a good week. The weather is wonderful,big
black drums,26 inch red fish,keeper flounder and one keeper trout.Ham
sandwiches and not a very clean house but would love for you to come down
this week-end if you have any free time. Daddy did not call Neil with the
fishing report because his hooks did catch fish. He was to call if he
didn't catch fish. Does Paige go back to school Sunday? Love to see all of
you,Mother


I will be at the meeting on Thursday.  I have asked Brenda Herod to attend as
well.  Can you add her to your distribution list so that she receives notice
of these meetings as well?  That way, one or both of us will be able to
attend.  Thanks.

Elisabeth McCabe@ENRON
03/22/2000 03:37 PM
To: Brian Redmond/HOU/ECT@ECT, Tom Shelton/HOU/ECT@ECT, Renee
Ingram/HOU/ECT@ECT, Billy Lemmons/Corp/Enron@ENRON, James I
Ducote/HOU/ECT@ECT, Sally Beck/HOU/ECT@ECT, Brenda F Herod/HOU/ECT@ECT,
Louise Kitchen/HOU/ECT@ECT, Valeria A Hope/HOU/ECT@ECT, Susan
Runkel/HOU/ECT@ECT, Brad Blesie/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Dan
Lyons/HOU/ECT@ECT, Scott Neal/HOU/ECT@ECT, Shelly Mansfield/HOU/ECT@ECT, Max
Yzaguirre/NA/Enron@ENRON, John Enerson/HOU/ECT@ECT, Morris Richard
Clark/HOU/ECT@ECT, Shannon Bedrich/Corp/Enron@Enron
cc: Katherine Benedict/HOU/ECT@ECT, Michelle Vitrella/HOU/ECT@ECT
Subject: Vision and Values Meeting

An ENA Vision and Values committee meeting will be held on Thursday, March 30
at 2:30 p.m. in 47C2.

We will review the internal communications plan for 2000 and discuss the
upcoming focus groups that are planned for ENA in April.

The meeting should last no longer than one hour.  Please plan to attend.

Thank you.


FYI - The pun above refers to the small down-time we had a few days ago and talks about that being one of the proofs that things are not well at Enron....  Great time to take pot shots at everything we do for these guys!

-----Original Message-----
From: djcustomclips@djinteractive.com
[mailto:djcustomclips@djinteractive.com]
Sent: Friday, August 17, 2001 3:59 PM
To: 168842@mailman.enron.com
Subject: Rahil Jafry: Enron offline.

Enron offline.

08/17/2001
Energy Compass
(c) 2001 Energy Intelligence Group. All rights reserved

Enron CEO Jeff Skilling quit this week at a time when the company has problems
in almost every geographic region and business sector in which it operates.

Its once-vaunted broadband business is in the dumps, and the Dabhol power
project, at one time the prize example of foreign investment in India, has
turned into a debacle (EC Jul.13,p4). The company recently withdrew
mysteriously from two high-profile Middle East gas ventures, including a stake
in one of three Saudi projects (EC Jun.15,p5). Just last week, an explosion
took down its Teeside power plant in the UK, killing three workers (EC
Aug.10,p9), and its internet-based trading service, EnronOnline, suffered a
morning-long outage. California has issued virtual "wanted posters" for the
company and its execs for allegedly causing the state's electricity crisis.
The stock has tracked the downfall. Just a year ago, Enron was trading at more
than $90/share. It was recently hovering around $42, and has dropped since
Skilling's announcement below $40. Not even the 22nd consecutive quarter of
record earnings, issued last month, helped. Sharks could now start circling
the waters. Several years ago, Royal Dutch/Shell made overtures, apparently
drawn by access to Enron's massive North American gas and power marketing
business and gas pipeline system. When nothing came of the talks, Shell bought
Tejas Energy. The Shell rumors have now resurfaced - and Enron investors might
be prepared to listen this time round.

Although the stock price decline began on the watch of once and again chief
executive Ken Lay, it accelerated once Skilling assumed the post in February
as Lay headed to Washington to become part of President George W. Bush's
unofficial advisory team. Skilling's move also coincided with the overall
slide in all tech stocks, but termination of a highly touted broadband
partnership with Blockbuster Video accelerated the decline.

Though Skilling says he left for personal reasons, reports that some board
members were unhappy with his performance had been circulating for weeks. Nor
is Skilling the only one to jump Enron's troubled ship. Rebecca Mark, once
viewed as a possible rival to Skilling, "resigned" last summer because of the
poor performance of Enron's Azurix water business. Joe Sutton, who headed
Enron's international business, left last autumn over a difference in
strategy. Sutton supported investments in hard assets, while Enron's business
model now is "asset light." More recently, vice chairman Cliff Baxter and Lou
Pai, who headed the retail energy unit, have departed, and Ken Rice, once the
golden boy of broadband, is reportedly leaving.

Lay assured analysts after Skilling's announcement that Enron would continue
the strategy of building up its trading operations and operating with a
minimum of assets. Based on the past year's stock performance, it might be
better to head in another direction.

Folder Name: Rahil Jafry
Relevance Score on Scale of 100: 82

______________________________________________________________________

To review or revise your folder, visit http://www.djinteractive.com or contact Dow Jones Customer Service by e-mail at custom.news@bis.dowjones.com or by phone at 800-369-7466. (Outside the U.S. and Canada, call 609-452-1511 or contact your local sales representative.)
______________________________________________________________________

Copyright (c) 2001 Dow Jones & Company, Inc. All Rights Reserved


doubtful b/c i will be on the road.

From:	Eric Bass/ENRON@enronXgate on 11/16/2001 01:10 PM
To:	Phillip M Love/ENRON@enronXgate, Timothy Blanchard/HOU/EES@EES, Patrick Ryder/ENRON@enronXgate, Daren J Farmer/ENRON@enronXgate, Joseph Smith/ENRON@enronXgate, Michael Olsen/ENRON@enronXgate, Joe Parks/ENRON@enronXgate, David Baumbach/ENRON@enronXgate, Bryan Hull/ENRON@enronXgate, val.generes@accenture.com@SMTP@enronXgate, Matthew Lenhart/ENRON@enronXgate, kevin.a.boone@accenture.com@SMTP@enronXgate, O'Neal D Winfree/ENRON@enronXgate, Chance Rabon/ENRON@enronXgate, Bruce Mills/ENRON@enronXgate
cc:
Subject:

I'm trying to get a feel for everyone's desire to play PAINTBALL in the next few weeks.  This would obviously not be sponsored by Enron b/c Enron doesn't have enough cash to buy anything right now.

So let me know if you would be interested and, if so, when you would be available to go.   The cost should be around $30-40 a person.

Please forward to anyone I have forgotten or might be interested.

-Eric


Please plan to attend a Review Meeting w/ Bob Hall...

   Thursday,  November 30, 2000

         from 1 -  4pm in EB30c2

    If you will be unavailable to attend, please call me at x33278, asap.

    Thank you,
    Heather Choate
 for Bob Hall


I called around and, lo and behold, I found Steve's wife! She said you can go
ahead and send it to their house:

Steve Thome
6506-B Taggart St.
Houston, TX 77007

I guess People Finder isn't the most reliable way to find people. Hope this
works.


-----Original Message-----
From: Doyle Bales  [mailto:d_sbales@yahoo.com]
Sent: Sunday, November 11, 2001 10:02  PM
To: J BALES
Subject: Fwd: Fw: Dogs
  Steve & Mary Blevins <SBlevins@itlnet.net>  wrote:  From: "Steve & Mary Blevins"
To:  "Wayne Vermillion" ,
"Vickie Copeland"  ,
"Vanessa Thompson"  ,
"Terri" ,
"Sue Garner"  ,
"Sherry Lenamon" ,
"Roberta  Oldfield" ,
"Pat & Kathy Gipson"  ,
"Nancy Sanders" ,
"Mel Robison"  ,
"Marlin & Peggy Johnston"  ,
"Lori Thompson" ,
"Lonnie  Donaldson" ,
"Larinda Skaggs"  ,
"Ken Reich" ,
"Kelly Smith"  ,
"Kelly Proctor" ,
"Karron  Rhodes" ,
"Julie Swaner" ,
"Jim  & Tressa Horn" ,
"Jerry Vermillion"  ,
"Gwen Wiewel" ,
"Gayle Fields"  ,
"Gary Turley" ,
"Doyle  & Susan Bales" ,
"Dona D"  ,
"Don & Mary Gulledge"  ,
"Cindy Vignal" ,
"Bonnie  Taylor" ,
"Ann"
Subject: Fw:  Dogs
Date: Thu, 8 Nov 2001 20:55:05 -0600
George W. and Osama  decided to settle the war once and for all. They sat
> > down and  decided to settle the whole dispute with one big dog fight.
>  They
> > agreed that they would have five years to breed the best  fighting dogs
in
> > the world and whosever dog won would be  entitled to dominate the world.
> > Osama and his dog handler  Mohammed found the biggest, meanest Dobermans
> and
> >  Rottweilers in the world, then bred them with the biggest, meanest
>  Siberian
> > wolves they could find. From the litters, they selected  the biggest and
> > strongest puppy and trained it day and night to  fight to the death.
> >
> > After five years Osama and  Mohammed came up with the biggest, meanest
dog
> > the world had  ever seen. It's cage needed steel bars that were five
> inches
>  > thick and nobody could get near it.
> >
> > When the  day came for the dog fight, George W. and his dog handler
> >  Boudreaux, showed up with a nine foot long Dachshund. It was the
>  strangest
> > looking dog anyone had ever seen. Boudreaux said it was  a Cajun
> Dachshund.
> > Everyone felt sorry for George W. and  Boudreaux because they knew there
> was
> > no way that this  poor excuse for a dog could possibly last 10 seconds
with
> >  Osama's big, mean animal. When the cages were opened up, the Dachshund
>  > slowly came out of it's cage, wagged it's tail, then waddled  over
towards
> > Osama's dog.
> >
> > The  Doberman/Rottweiler/Wolf snarled and leaped out of it's cage, then
>  > charged the poor Dachshund. But when it got close enough to bite  the
> > Dachshund's neck, the Dachshund opened it's mouth and ate  Osama's dog in
> one
> > bite. There was nothing left at all of  the snarling beast.
> >
> > Osama came up to George W. and  Boudreaux shaking his head in disbelief.
> "We
> > don't  understand how this could have happened. We had our best people
> >  working for five years with the biggest, meanest Dobermans and
>  Rottweilers,
> > and the biggest, meanest Siberian wolves in the  world. How did you do
> > this?"
> >
> > "Da's  easy", said Boudreaux, the Cajun. "We 'ad our bess plasic surgins
> >  workin' fo' five year for to make dat alligator look like a weenie  dog."
> >
> >
> >
>

Do You Yahoo!?
Find a job, post your resume on Yahoo! Careers .


8/28 IS RECORDED ON 'PRIOR DAY'S' SHEET


What's Happening?

How's it going?  I will not be at rehearsal tonight because I'm going to get my hair done.  I figured that you all will be practicing (is that how you spell practice) your Easter songs and I will be in Omaha for Easter so I don't need to learn the songs, as we only sing them on Easter anyway.  Besides, just in case you didn't hear, we don't sing this Sunday (We switch with the kids), since you all will sing on Easter for all 4 services.

This daylight savings time is nice.  It's so nice to be able to get home and still habe daylight instead of feeling like you whole day is shot once it gets dark.

Did you find any houses that you liked?  How long were you out?

Talk with you later!


Bob Badeer changed the time zone in one of these deals - apparently that's
what was throwing off the MW totals. So 458406 and 458405 should match now.
Please let me know if there is anything else.

Thanks,
Kate

Kerri Thompson@ENRON
11/15/2000 03:07 PM
To: Kate Symes/PDX/ECT@ECT
cc: Carla Hoffman/PDX/ECT@ECT

Subject:

458406

i don't think this deal is entered correctly, the hours are not matching the
other deals.  can you pls check on this deal

thanks


Group,

Here's the raw data from the California poll.  Great news, here.   As you can
see by the progression of the numbers, by slightly changing the message, we
went from getting killed by the Davis plan to actually breaking even with it
and even beating it significantly.

Some takeaways:

 1.  By using the right words, a competing/alternate plan to the governor's
will win in the polls.
 2.  Education is at least as important as electricity.
 3.  The thought of wiping out the budget surplus by spending it on the grid,
rather than schools and hospitals, tilts        the scales in our favor.
 4.  Finally, by broadening the demand buy-down program to "consumers," we
win the argument by a wide         margin.

Next steps:

Take a look at the results.  Pay special attention to how the words matter,
especially on the questions where our results improved as we altered the
message.  By late Monday, we'll have the crosstabs. We won't have the full
analysis and presentation until Friday, though, so I don't think we should
share the poll with anybody until then.  We could use a few of the numbers in
the business letter and with VERY good friends in the Assembly.

The key questions are 19, 21, 24, 45 (look at how a change in wording changed
the results), 46 (another example of better wording yielding better results,
especially on the March 8 poll), 49, 50, 51 (in particular, March 7-8 poll).

See you on the call.

Mark

----- Forwarded by Mark Palmer/Corp/Enron on 03/09/2001 01:53 PM -----

	"Nicole Fink" <nicole@pos.org>
	03/09/2001 09:15 AM

		 To: Mpalmer@enron.com, RSCHRIEFER@aol.com, aameece@qgadc.com
		 cc: Matt Jason <matt@pos.org>, Bill McInturff <bill@pos.org>
		 Subject: Final California Results

Enron Team:

Attached please find the interview schedule with the overall results
from the California statewide survey.  Please give us a call if you
have any questions.  Thanks.

Nicole Fink
Public Opinion Strategies
(703) 836-7655
nicole@pos.org

The following section of this message contains a file attachment
prepared for transmission using the Internet MIME message format.
If you are using Pegasus Mail, or any another MIME-compliant system,
you should be able to save it or view it from within your mailer.
If you cannot, please ask your system administrator for assistance.

   ---- File information -----------
     File:  ENRON CA Statewide Interview Schedule.wpd
     Date:  9 Mar 2001, 10:09
     Size:  132204 bytes.
     Type:  WordPerfect

 - ENRON CA Statewide Interview Schedule.wpd
The following section of this message contains a file attachment
prepared for transmission using the Internet MIME message format.
If you are using Pegasus Mail, or any another MIME-compliant system,
you should be able to save it or view it from within your mailer.
If you cannot, please ask your system administrator for assistance.

   ---- File information -----------
     File:  Schedule.PDF
     Date:  9 Mar 2001, 10:14
     Size:  58861 bytes.
     Type:  Unknown

 - Schedule.PDF


Short and to the point.  No changes

Karen_Denne%ENRON@eott.com on 04/25/2001 11:04:43 AM
To: Kenneth_Lay%ENRON@EOTT.COM, Jeff_Skilling%ENRON@EOTT.COM,
Rex_Rogers%EnronXGate@EOTT.COM, Mark_Koenig%ENRON@EOTT.COM,
Paula_Rieker%EnronXGate@EOTT.COM, Steven_J_Kean%Enron@EOTT.COM,
Stanley_Horton%Enron.com%Eott@EOTT.COM
cc: Mark_Palmer%ENRON@EOTT.COM, Mitchell_Taylor%EnronXGate@EOTT.COM,
Mark_Metts%EnronXGate@EOTT.COM

Subject: PGE Termination Release

Attached is a draft press release announcing our termination agreement with
Sierra Pacific.  We are scheduled to issue it on Thursday.  Please let me
know if you have any changes or concerns.

Thank you.
Karen

(See attached file: PGEterminationrelease.doc)
 - PGEterminationrelease.doc


no.  i just don't want your sister in law telling these guys that i said
that.  could ruin my rep.  you coming over at 730?


Sally,

Thank you again for passing my resume to Ted Murphy. His recruiter is trying
to work the scheduling between myself and the six people that Ted wants me
to meet with. It is all very positive and I appreciate all your help.

I am also very interested in Enron Broadband Services on the commercial
side. With my options and structuring background, I believe that it would be
a great fit. What would be the best way to get my resume in front of Ken
Rice or the right person in his group? I am attaching an electronic copy for
easy forwarding.

Thank you

Rob

________________________________________________________________________
Get Your Private, Free E-mail from MSN Hotmail at http://www.hotmail.com

 - RStalford415.doc


Tana

I spelled Ajilon incorrectly.  It is Ajilon.   I don't know the full
name......check out www.Ajilon.com.

Thanks

John Allario
Enron Net Works L.L.C.
713-853-4587 (o)
713-562-8684 (c)
john.allario@enron.com


jim duffy

 ,  94928
jduffy@tides.org

To Mr. Ken Lay,

I'm writing to urge you to donate the millions of dollars you made from selling Enron stock before the company declared bankruptcy to funds, such as Enron Employee Transition Fund and REACH, that benefit the company's employees, who lost their retirement savings, and provide relief to low-income consumers in California, who can't afford to pay their energy bills.  Enron and you made millions out of the pocketbooks of California consumers and from the efforts of your employees.

Indeed, while you netted well over a $100 million, many of Enron's employees were financially devastated when the company declared bankruptcy and their retirement plans were wiped out.  And Enron made an astronomical profit during the California energy crisis last year.  As a result, there are thousands of consumers who are unable to pay their basic energy bills and the largest utility in the state is bankrupt.

The New York Times reported that you sold $101 million worth of Enron stock while aggressively urging the company's employees to keep buying it.  Please donate this money to the funds set up to help repair the lives of those Americans hurt by Enron's underhanded dealings.

Sincerely,

jim duffy


Julee Malinowski-Ball is out of town till Monday  April 16, 2001.  However,
the IEP company lobbyist conference call is scheduled for April 12, 2001 at
2:00 PM.  Julee thinks someone should lead the call and that it extremely
important and valuable for everyone to touch base before we get bogged down
again with hearings next week.
On the agenda should definitely be a discussion of AB 60x lobbying strategy
and update, SB 28x update and the proposed changes to SB 6x (heard from
Brian Kelly, he submitted language on the eminent domain provisions of the
bill).

Call In Date    ~     April 12, 2001

Call In Time    ~      2:00 PM

Call In Number ~     (800) 403-2013

Code               ~     207814

If you have any questions, please call me or email me.

Thank you,

Karen Baker
(916) 552-7070
kebaker@ns.net

Julee Malinowski-Ball
Senior Associate
Edson + Modisette
916-552-7070
FAX-552-7075
jmball@ns.net
FAX-552-7075
jmball@ns.net


I think I did, but don't have a copy.  Ask Fred

Shanna Funkhouser@ENRON
09/27/2000 01:39 PM
To: Jeffrey A Shankman/HOU/ECT@ECT
cc:
Subject: Fred Lagrasta review

Jeff,

The rep that is now over Gas Trading is tracking reviews received and
reporting this to ENA OOC.  I was able to locate reviews for all your Gas
Trading desk heads with the exception of Fred Lagrasta.  Did you complete a
review for him?  Would you have a copy?

Shanna


James:
Here is the Final Teaser Letter to use for sending out to customers.  Please
give me a call if you have any questions.  Thanks
Ben


Are you going to Phil's wedding???

Carson


In order to ensure adequate, consistent legal review of on-line terms and
conditions governing use of third party electronic trading platforms, you
must have all registration documentation (including, for example, password
applications and access agreements) approved by the On-Line Trading Legal
Contact before such documentation is submitted or executed.  Any document
that requires acceptance by &clicking8 should be treated like any other legal
document.  You are not authorized to accept any such click agreement without
written approval of the On-Line Trading Legal Contact.  In addition, the
On-Line Trading Legal Contact must review and approve all product
descriptions and other on-line terms and conditions applicable to a product
before a password may be used to trade that product on a third party
electronic trading platform.  Accordingly, before any master user or subuser
uses a password to trade a product, he or she must confirm that the On-Line
Trading Legal Contact has approved all applicable product descriptions and
terms and conditions applicable to such product.

The current On-Line Trading Legal Contact is Mark Greenberg (extension 58897)
(or in his absence, Mark Taylor (extension 37459)).


PLEASE TREAT AS CONFIDENTIAL

A source had a meeting today with California state treasurer Phil Angelides.
Here are the main points from their conversation

1. Anglelides Certain that SoCal Will Go Bankrupt

Corroborating our line over the past four months, Anglelides stated with
confidence that SoCal would go bankrupt and that "he was surprised they
hadn't already."  He noted that the only reason they haven't yet is that
"they were too stupid to ring-fence the parent" and that "their two biggest
equity holders were screaming not to do it."

He added that the Davis/SoCal MOU is dead and that all the "Plan B's" are
"speculative" at best.  He also thought that SoCal was being "naive if they
thought they would get a better deal from the legislature than from the
bankruptcy court."

2. Bond Issuance- $12B Not Enough

Angelides conceded that a $12B bond issue would not be enough to buy power
for the summer and that the true costs would probably be $18-24B.   The only
reason they didn't issue more is that Angelides felt that "$12B was all the
market could handle."  The current game plan for bonds assumes an average
peak price for power of $400/MWh, which Angelides said explains the
difference between his estimates and the higher estimates from State
Comptroller's Kathleen Connell's office.

3. New Generator Construction

Anglelides was explicit that the California Public Power Authority
(authorized by the legislature last week) will "build plants and not stop
until we [California] has a 10-15% capacity cushion above expected demand.
Angelides expects the state to be "5-10% short on power all summer."


Hi guys, per my e-mail yesterday, the House believes they still have a 40%
chance to pass a comprehensive bill this Congress.  Joe Hartsoe, Charles
Ingebretson and myself will attend today's meeting referenced below and
report back.  Other participants include TXU, Unicom, APPA, NARUC, Southern
Company, etc. (Watkiss is on a plane, we were just notified of this meeting
at 10 am this morning.)  We'll report back.
---------------------- Forwarded by Cynthia Sandherr/Corp/Enron on 07/19/2000
02:54 PM ---------------------------

"Black, Andy" <andy.black@mail.house.gov> on 07/19/2000 12:05:56 PM
To: Cynthia Sandherr <Cynthia_Sandherr@enron.com>
cc:

Subject: FW: Electric Restructuring Transmission Work Group

> I'm trying to send this message individually to overcome House
> distribution problems.  Documents are attached.  Please confirm receipt of
> documents
>
> A meeting will convene today, Wednesday, June 19 starting at 4:00 p.m. in
> Room 2218, Rayburn House Office Building. The purpose of the meeting is to
> thoroughly analyze various transmission proposals under discussion by
> Commerce Committee Members Bliley, Barton and Largent.
>
> Participants will be expected to identify any workable compromise that
> results in passing electricity restructuring legislation.
>
> Please RSVP for you or your designee by return e-mail to me. Feel free to
> bring technical experts on your staff.  To ask questions or request
> additional information, please do so by return e-mail or call me or the
> other staff. We hope to have a constructive work session to arrive at a
> compromise on transmission language for a comprehensive bill, and your
> participation will be important. Thank you.
>
> Invitees include:
> Rich Glick, DOE
> Cindy Marlette, FERC
> Montee Wynn, NRECA
> Joe Nipper, APPA
> Bob Nordhaus and John Ryan or Renee Eastman, LPPC
> Betsy Moler, Unicom
> Randy Davis, ACE
> Buzz Miller, Southern Company
> Tom Bonner, Mid-American Energy
> Kerrill Scrivner, TXU
> Bud Albright, Reliant Energy
> Gene Peters, EPSA
> Cynthia Sandherr, Enron
> Marc Yacker, ELCON
> Cindy Bogorad, TAPS
> Chuck Gray, NARUC
>  <<transmission ideas.wpd>>  <<largent.pdf>>  <<commerce staff.pdf>>
> <<barton and woodbode>>  <<rto 2.wpd>>

 - transmission ideas.wpd
 - largent.pdf
 - commerce staff.pdf
 - barton transmission ideas.wpd
 - rto 2.wpd


Anne, David will take the lead and work with Tom Martin on obtaining the appropriate index pricing and work with the confirmation  desk to prepare a GTC with ENA as Seller and HPL as buyer to cause HPL to have the same economic transaction as if this transaction had been swapped back to index.  BNG
 If questions remain, please contact me. 36832

	Anne C Koehler 05/08/2001 02:01 PM 	  To: George Weissman/HOU/ECT@ECT, Thomas A Martin/Enron@EnronXGate, David Baumbach/HOU/ECT@ECT  cc: Barbara N Gray/HOU/ECT@ECT, Brian M Riley/HOU/ECT@ECT, Greg Brazaitis/HOU/ECT@ECT, Jim Coffey/HOU/ECT@ECT, Lee L Papayoti/HOU/ECT@ECT, Melissa Graves/Enron@EnronXGate, Sandi M Braband/HOU/ECT@ECT, Terry Sanvido/Enron@EnronXGate  Subject: Re: Schedules to PURCHASE AND SALE AGREEMENT

It is my understanding from a discussion we had with Tom and David that the EEX contract, which is a fixed price deal with ENA, is not going to HPL. and should not be listed on Schedule 4.13 (v).  Instead, ENA will sell to HPL the EEX gas at index.  There needs to be a contract put into place that reflects the sale from ENA to HPL and that contract will be listed on Schedule 4.13 (v).  We have agreed to provide AEP with the amended and updated schedules on Monday the 15th, so we should go ahead and get this documented now.   Barbara--who typically puts together gas purchase agreements like this?   Please call if you have any questions.

Anne C. Koehler
Sr. Counsel, ENA
EB 3839
713-853-3448

	George Weissman 05/08/2001 01:37 PM 	   To: Sandi M Braband/HOU/ECT@ECT  cc: Melissa Graves/HOU/ECT, Jim Coffey/HOU/ECT@ECT, Brian M Riley/HOU/ECT@ECT, Greg Brazaitis/HOU/ECT@ECT, Lee L Papayoti/HOU/ECT@ECT, Barbara N Gray/HOU/ECT@ECT, Anne C Koehler/HOU/ECT@ECT, Terry Sanvido/Corp/Enron  Subject: Re: Schedules to PURCHASE AND SALE AGREEMENT

Sandi,

Attached is an excel spreadsheet which serves to update Schedule 4.13 (v) to the AEP Agreement covering Material Contracts.  The list reflects information in Enron's Global Contract System as of April 30, 2001 and covers business which will be conducted after June 1, 2001.  We direct your attention to Column AB of the spreadsheet:  those contracts which were included on the April 2000 6th Revision of Schedule 4.13 (v) are noted by their numerical designation in that Schedule; those contracts which cover deals traded subsequent to 3/15/2001 (the cutoff for the earlier Schedule) are so noted; and, those deals which were considered during our prior reviews but excluded from the final April 2000 6th Revision of the Schedule for various reasons are so noted with an explanation in the Comments Column, AC.

The April 2000 6th Revision cites 3 purchase contracts with Forrest Oil Corporation; while we included 96007597 and 96048499 on the spreadsheet attached, we could find no justification for also including 96049286 on the list.  You may have other information which supports including 96049286 on the schedule

The attached excel spreadsheet includes the EEX E&P Company, L.P. fixed price contract, 96054930, done by the Enron Finance Group for 4/2001 thru 12/2004.

George 713.571.3159

---------------------- Forwarded by George Weissman/HOU/ECT on 05/08/2001 01:07 PM ---------------------------

	Enron North America Corp.  From:  George Weissman                           04/04/2001 11:17 AM

To:	Sandi M Braband/HOU/ECT@ECT
cc:	Melissa Graves/HOU/ECT, Jim Coffey/HOU/ECT@ECT, Brian M Riley/HOU/ECT@ECT, Greg Brazaitis/HOU/ECT@ECT, Lee L Papayoti/HOU/ECT@ECT, Barbara N Gray/HOU/ECT@ECT
Subject:	Re: Schedules to PURCHASE AND SALE AGREEMENT

Sandi,

Attached is an excel spreadsheet which serves to update Schedule 4.13 (v) to the AEP Agreement covering Material Contracts.  The list reflects information in Enron's Global Contract System as of March 15, 2001 and covers business which will be conducted after May 1, 2001.  We direct your attention to Column AB of the spreadsheet:  those contracts which were included on the original Schedule 4.13 (v) are noted by their numerical designation in that Schedule; those contracts which cover deals traded subsequent to 12/12/2000 (the cutoff for the earlier Schedule) are so noted; and, those deals which were considered during our prior review but excluded from the final Schedule for various reasons are blank.

As we have discussed, I will be providing you with information relating to those contracts which were set forth on the original 12/15/2000 Schedule but failed to meet the criteria for the 3/15/2001 Schedule by Friday.

George x3-6992

ATTACHMENT DELETED 5/8/2001

---------------------- Forwarded by George Weissman/HOU/ECT on 04/04/2001 10:43 AM ---------------------------
From:	Jim Coffey on 01/16/2001 11:45 AM
To:	George Weissman/HOU/ECT@ECT
cc:
Subject:	Re: Schedules to PURCHASE AND SALE AGREEMENT

bring this issue up at the 3pm meeting

	Enron North America Corp.  From:  George Weissman                           01/10/2001 11:20 AM

To:	Jim Coffey/HOU/ECT@ECT
cc:	Melissa Graves/HOU/ECT@ECT
Subject:	Re: Schedules to PURCHASE AND SALE AGREEMENT

For your information.  I'd like at some point to discuss how and by whom this data will be maintained on a go-forward basis.  George x3-6992
---------------------- Forwarded by George Weissman/HOU/ECT on 01/10/2001 11:12 AM ---------------------------

Kimberlee A Bennick
01/10/2001 11:16 AM
To:	George Weissman/HOU/ECT@ECT, Sandi M Braband/HOU/ECT@ECT
cc:
Subject:	Re: Schedules to PURCHASE AND SALE AGREEMENT

George and Sandi,
	In response to George's Schedules to PURCHASE AND SALE AGREEMENT, we need to make two changes to the existing list.  The first being Entex Gas Resources Corp. global number 96053954.  This was entered in Global as a GTC which was entered as a bogus contract and number.  Dan Hyvl will prepare a Transaction Agreement covering the period of April 1, 2001 through October 31, 2001, Sitara Deal #528936.  This Transaction is part of an existing contract already in place between ENA and Entex Gas Resources Corp, therefore we did not add to our Supplemental Schedule to Stock Purchase Agreement.
	The second change being Exxon Mobil Corporation, global number 96021964.  This deal was done as a Sales under a Master Firm Purchase/Sale Agreement between HPL and Mobil Oil Corporation, effective 12/1/2000 which was not captured in Global.  This agreement is now in Global with the number being 96055715.
	Everything else has been captured and on our schedules.  If you have any questions, please call.

Thanks, Kim

	Sandi M Braband 01/08/2001 01:02 PM 	   To: Kimberlee A Bennick/HOU/ECT@ECT  cc:   Subject: Re: Schedules to PURCHASE AND SALE AGREEMENT

Kim,
Please look at this and obtain copies of all referenced agreements. They should all be brand new (could be transactions under existing masters). Once we've done that, we need to list as we did the other material contracts for the Triple Lutz schedules. Call with questions

thanks,
Sandi
----- Forwarded by Sandi M Braband/HOU/ECT on 01/08/2001 12:59 PM -----

	George Weissman 01/08/2001 12:23 PM 	   To: Sandi M Braband/HOU/ECT@ECT  cc: Robert Walker/HOU/ECT@ECT, Melissa Graves/HOU/ECT@ECT, Jill T Zivley/HOU/ECT@ECT, Jim Coffey/HOU/ECT@ECT  Subject: Re: Schedules to PURCHASE AND SALE AGREEMENT

Sandi, the attachment list the 16 contracts which need to be added to the Material Contracts Schedule as a result of our review of all deals entered from 11/15/2000 to 12/27/2000.  In addition, the correct Spinnaker (Ranger) contract is now 96047295, not the GTC formerly cited, 96046001.

George x3-6992

---------------------- Forwarded by George Weissman/HOU/ECT on 01/08/2001 12:12 PM ---------------------------

	Enron North America Corp.  From:  George Weissman                           12/01/2000 04:47 PM

To:	Robert Walker/HOU/ECT@ECT, Sandi M Braband/HOU/ECT@ECT
cc:	Greg Brazaitis/HOU/ECT@ECT, Lee L Papayoti/HOU/ECT@ECT, Jill T Zivley/HOU/ECT@ECT, Melissa Graves/HOU/ECT@ECT
Subject:	Re: Schedules to PURCHASE AND SALE AGREEMENT

Bob, the attachment lists the original 170 contracts and documents 1) why contracts were deleted and 2) which trader and attorney are working to resolve the "undocumented contract" issues on the sales side.  The color coding is meaningless.

George

---------------------- Forwarded by George Weissman/HOU/ECT on 12/01/2000 04:37 PM ---------------------------
   Robert Walker                12/01/2000 02:14 PM

To:	George Weissman/HOU/ECT@ECT
cc:
Subject:	Re: Schedules to PURCHASE AND SALE AGREEMENT

That's great.  If we could have what you have first thing Monday we could begin to look at those items.  If you don't have them all, send what you have and then supplement during the day.

Sandi, says thanks for all the help as do I.  Look forward to Monday.

Bob.

	George Weissman 12/01/2000 01:42 PM 	  To: Robert Walker/HOU/ECT@ECT  cc:   Subject: Re: Schedules to PURCHASE AND SALE AGREEMENT

working, perhaps today, but certainly by Monday.

<Embedded StdOleLink>
<Embedded StdOleLink>
<Embedded StdOleLink>
<Embedded StdOleLink>
<Embedded StdOleLink>


Richard,
 Please fix the confirm so that it shows signature to be provided by both ENA
and the Counterparty.

	Richard Deming@ENRON
	05/23/2001 05:05 PM

		 To: Dan J Hyvl/HOU/ECT@ECT
		 cc:
		 Subject: Procter & Gamble Company, The

Dan,

Please find below details of Phy Gas deals with GTC agreements:

Please let me know if you need any more details.

Thanks,
Richard
x54886


style looking for that one last interior.... and it
could be yours, for free!!!!! can this sweet angelic
unemployed girl come over to your pad this evening
(tomorrow evening, etc) to film? the shoot will happen
in one day, we will clean all up, you will get a copy
of the film and the satisfaction of knowing that you
have supported the arts.

or whatever.

i'm fine, enjoying my unemployment, what's up with you
my fabulous friend?
--- "Dasovich, Jeff" <Jeff.Dasovich@ENRON.com> wrote:
> was out all last week.  back now.  what's up?
>
> -----Original Message-----
> From: colleen silva [mailto:colleenfsilva@yahoo.com]
> Sent: Thursday, August 16, 2001 8:37 PM
> To: Dasovich, Jeff
> Subject: RE: how about letting me shoot a film at
> your house?
>
>
> hey whassup and i am assuming your place is off
> limits
> and are you well and swell and do you still love me?
> --- "Dasovich, Jeff" <Jeff.Dasovich@ENRON.com>
> wrote:
> > boy, what a smooth operator.
> >
> > how are you?  things going ok? you looking for a
> new
> > job?  any
> > prospects?  inquiring minds are inquiring.
> >
> > beez,
> > jeff
> >
> > -----Original Message-----
> > From: colleen silva
> [mailto:colleenfsilva@yahoo.com]
> > Sent: Wednesday, August 08, 2001 5:10 PM
> > To: Dasovich, Jeff; sindri.anderson@windriver.com
> > Subject: how about letting me shoot a film at your
> > house?
> >
> >
> > well.
> > now that i've got your interest....
> >
> > hello and hi and i'm still unemployed but working
> as
> > location scout (for free) on a short independant
> > film
> > that my friend joe bini is directing... and we
> need
> > a
> > couple of interior shots that would take one day
> to
> > film...
> >
> > would you be interested in letting us taking over
> > your
> > place for one day? it's a rather invasive thing,
> > having a movie shot in one's home, but it would
> only
> > be for one day, and everything would be cleaned up
> > afterwards just like new and fancy....
> >
> > also, it will probably be a cool little film, as
> > werner herzog is doing the voice over (for sure)
> and
> > may (good possibility) play the lead.
> >
> > there would be no payment for your graciousness,
> but
> > you would get a copy of the film and an invite to
> > the
> > premier! it will hopefully enter some film
> > festivals...
> >
> > thanks for letting me know if you're interested,
> > and kisses to both of you!!!
> >
> > colleen
> >
> > __________________________________________________
> > Do You Yahoo!?
> > Make international calls for as low as $.04/minute
> > with Yahoo! Messenger
> > http://phonecard.yahoo.com/
> >
> >
> >
>
**********************************************************************
> > This e-mail is the property of Enron Corp. and/or
> > its relevant affiliate and may contain
> confidential
> > and privileged material for the sole use of the
> > intended recipient (s). Any review, use,
> > distribution or disclosure by others is strictly
> > prohibited. If you are not the intended recipient
> > (or authorized to receive for the recipient),
> please
> > contact the sender or reply to Enron Corp. at
> > enron.messaging.administration@enron.com and
> delete
> > all copies of the message. This e-mail (and any
> > attachments hereto) are not intended to be an
> offer
> > (or an acceptance) and do not create or evidence a
> > binding and enforceable contract between Enron
> Corp.
> > (or any of its affiliates) and the intended
> > recipient or any other party, and may not be
> relied
> > on by anyone as the basis of a contract by
> estoppel
> > or otherwise. Thank you.
> >
>
**********************************************************************
>
>
> __________________________________________________
> Do You Yahoo!?
> Make international calls for as low as $.04/minute
> with Yahoo! Messenger
> http://phonecard.yahoo.com/

__________________________________________________
Do You Yahoo!?
Make international calls for as low as $.04/minute with Yahoo! Messenger
http://phonecard.yahoo.com/


-----Original Message-----
From: 	Thompson, Virginia
Sent:	Tuesday, July 03, 2001 2:47 PM
To:	Dunton, Heather
Subject:	FW: DPR - WAPA CRSP DMS #8526

heather, can you shed any light on this?

 -----Original Message-----
From: 	Clemons, Amy
Sent:	Tuesday, July 03, 2001 2:43 PM
To:	Thompson, Virginia
Subject:	RE: DPR - WAPA CRSP DMS #8526

Honestly, I don't know - maybe a risk person could better answer.  All I know is we only give DPR in the amount of the variance between what they flashed and what we actualized ( finaled ) - Sorry I can't be of more help - maybe ask Casey Evans - A

 -----Original Message-----
From: 	Thompson, Virginia
Sent:	Tuesday, July 03, 2001 4:41 PM
To:	Clemons, Amy
Cc:	Dunton, Heather
Subject:	RE: DPR - WAPA CRSP DMS #8526

Amy,

  For my own information, how does risk flash only ($ 67,580) worth of tranny purchases in April if EnPower was accounting for ($196,200.00) until the end of May?

  Virginia

 -----Original Message-----
From: 	Clemons, Amy
Sent:	Tuesday, July 03, 2001 2:27 PM
To:	Thompson, Virginia
Subject:	DPR - WAPA CRSP DMS #8526

Virginia -

In April Risk flashed ($67,580) for WAPA CRSP trans.  You were also given in April , DPR of $3,495.50. This would bring your books to reflect the true/finaled amonut of $64,084.50.  The DMS variance was strictly an accounting variance - we used that to adjust to what we accrued - which was the multiplying incorrectly piece.  So no more DPR - your books should be good for April WAPA CRSP trans.

Let me know if you have any more questions - A


I am a little behind the curve--nothing new. Has this been resolved? Other than knowing what is happening, what do I need to do?

	Lisa Mellencamp 05/31/2001 03:01 PM 	   To: Richard B Sanders/HOU/ECT@ECT  cc:   Subject: Fwd:

Lisa J. Mellencamp
Enron North America Corp. - Legal
1400 Smith St.
Houston, TX  77002
Tel:  (713) 853-7986
Fax: (713) 646-3393
E-mail:  Lisa.Mellencamp@enron.com
----- Forwarded by Lisa Mellencamp/HOU/ECT on 05/31/2001 03:01 PM -----

	"BENNETT YOUNG" <BYOUNG@LLGM.COM> 05/31/2001 11:09 AM 	   To: Lisa.Mellencamp@enron.com, Michael.Tribolet@enron.com  cc: "CARL EKLUND" <CEKLUND@LLGM.COM>, "JOHN KLAUBERG" <JKLAUBER@LLGM.COM>  Subject: Fwd:

Bennett G. Young
One Embarcadero Center, Suite 400
San Francisco, California 94111
(415) 951-1167
byoung@llgm.com

==============================================================================
This e-mail, including attachments, contains information that is confidential and may be protected by the attorney/client or other privileges.  This e-mail, including attachments, constitutes non-public information intended to be conveyed only to the designated recipient(s).  If you are not an intended recipient, please delete this e-mail, including attachments, and notify me.  The unauthorized use, dissemination, distribution or reproduction of this e-mail, including attachments, is prohibited and may be unlawful.

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 <<euc22000.PDF>>

Attached is the Opposition of the City and County of San Francisco to the
trading motion.  They make several evidentiary objections.  To be on the
safe side, we suggest filing supplemental declarations from each of you on
the issues raised in the Opposition.  I will subsequently e-mail suggested
text to you.  Since the hearing is on Friday morning, we will need to file
these declarations by Thursday early afternoon at the latest.  Accordingly,
once you receive them, please finalize the declarations and fax them back to
me at (213) 892-4707 as soon as possible, but by no later than Noon
tomorrow.

Thank you.

This e-mail message may contain legally privileged and/or confidential
information. If you are not the intended recipient(s), or the employee
or agent responsible for delivery of this message to the intended
recipient(s), you are hereby notified that any dissemination,
distribution or copying of this e-mail message is strictly prohibited.
If you have received this message in error, please immediately notify
the sender and delete this e-mail message from your computer.

 - TEXT.htm
 - euc22000.PDF


Men:

The dreaded time has come. Rent goes up and it is a month earlier.
The initial $8,000 payment is due to Mertz on March 1, 2002.

In addition, I paid Mertz $500 for the protien that he fed during the last
hunting season.

I need each of you to forward me a check for $1,071.42. Send to 815 walker,
suite 1447, H/T 77002. Thank you.

Erik.

_________________________________________________________________
Get your FREE download of MSN Explorer at http://explorer.msn.com/intl.asp.


Jeff, can you spend a little time thinking about the current North American
energy markets (very high energy prices, stretched infrastructure, etc) and
determine which game changing or altering technologies, business models or
existing corporate positions that will benefit from such price and volatility
levels.

  In particular, I think that Miller should take a look at coal gasification
technologies, emissions technologies and DSM/efficiency technologies and how
these investments may fit in the charter or our overall business.  As well,
from a corporate development point of view which parts of the value chain ie)
IPP, E&P, utility, assets, etc are undervalued given current commodity curves
and expectations.

Can you get back to me with a few ideas in the next week or so - maybe it
would help to go pick a few brains in various ENA orgs as part of your
process.

Regards
Delainey


It currently looks like we will not have any wire requests today for power prepayments.

East Power - We are currently working with PJM and NEPOOL to come to a payment resolution to remain active and current in those two markets, and will not have any need for a wire transfers today (the earliest we will need may be tomorrow depending upon form of resolution).  Additionally, given the post Christmas market conditions and lack of liquidity (and staffing needs in companies other than Enron), Kevin and Dana were not able to execute any bilateral prepay deals for the regions outside PJM and NEPOOL.  They will be continuing to push these deals for the next several days, but realistically, it may be next week before we can actually pull these off.

West Power -  We will have tomorrow a detailed prepay list and wire requests for the first week of January.

Thanks for everyone's help with this process.

Don


If you are reading this message in plaintext or if you have an AOL address you must click on this link: http://www.smallcapnetwork.net/archive/listserv/20011026-2.html  and wait for a web page to automatically open up to properly read this newsletter.
   [IMAGE]     VOLUME 01: ISSUE 08 [IMAGE]  [IMAGE] [IMAGE]   [IMAGE]  [IMAGE]   [IMAGE] Dow Jones 9,545.17 + 82.27 7:40 pm EST, Fri., October 26, 2001 [IMAGE] NASDAQ 1,768.96 -  6.51 For info, visit www.smallcapnetwork.net  [IMAGE] S & P 500 1,104.61 + 4.52 To be removed, please click here . [IMAGE] Russell 2000   438.65  + 2.69      [IMAGE] Dear SmallCap Network Members:  Wall Street pros continue a rather heated debate over market valuations, with battle results unfolding with each and every twist and turn of the popular averages. Are price-to-earnings (P/E) multiples on the broad market still too high? We continue to do considerable research on this subject, and have some good news and bad news to report.  Let's get the bad news out of the way first. By historical measures, current broad market value remains relatively high. The P/E ratio on the S&P 500 has averaged 15 times earnings over the past 40 years. Today, the earnings multiple on the S&P 500 stands at just over 29 times and is projected at 21 times next year's consensus earnings forecast.  At the recent September 21 low-water mark of 965.80, the P/E multiple on the S&P 500 got down to 25.6 times, still well above the 40-year average. What most Wall Street firms are reluctant to tell is the fact that the average P/E multiple at bear-market bottoms over the past 50 years has been 11 times earnings.  This is hardly reassuring if you consider yourself more bull than bear.  That's as far as we're going with the bad news. Suffice it to say we are reluctantly bullish, so let's get to some good news. First, the five-year high P/E multiple on the S&P 500 was 50.16. (We were unable to confirm this, but believe this could represent an historic all-time high.) Fortunately, this P/E multiple was achieved at about the same time many fledgling (and now-defunct) Internet start-ups were trading at 50-100 times SALES not earnings.   [IMAGE]  The low P/E multiple on the S&P 500 was 17.48 times earnings a full five years ago. The broad market was in an advance that saw it double from October of 1996 to March of 2000 before crashing 40% from its peak. The P/E on the S&P was cut in half by the time it hit its September 21 low. While there continues to be downside risk, this has to be considered pretty good news going forward.  The good news for individual investors doesn't end there. Over the past 40 years inflation has run at an average of 4.4% but is holding steady at 2% today. The average yield on 10-year Treasury notes during the same period is 7.3% but today the yield is down to just 4.6%. Combine this with the fact that money market funds hold around $2 trillion in cash (versus an $11 trillion total market capitalization) and the outlook for stocks begins to brighten just a bit.  Whether P/E's continue to contract, hold steady, or expand is really a function of earnings performance going forward. Estimates for 2002 earnings on the S&P 500 have continued to contract as the economic slowdown drags on. The challenge for the 500 companies that make up the S&P average will be to beat those reduced estimates next year. With the threat of inflation under control and interest rates at a 40-year low, large-cap corporate America has an excellent foundation to produce some positive surprises next year.  The challenge for the individual investor is to find opportunities for growth in a marketplace littered with growth-stock casualties. This is also why many Wall Street professionals have singled out micro and small cap value stocks to out-perform the broad market over the next 12-18 months. Why? Because they are under-followed and many of them are considerably undervalued!  AN UNDER-VALUED MICRO CAP STOCK IN REVIEW  One company we've uncovered that represents a solid speculative micro cap value is M-Wave, Inc. (NASDAQ: MWAV .) MWAV manufactures microwave frequency components and high-frequency circuit boards using Teflon-based laminates. These products are widely used in variety of applications for wireless telecommunications and Internet service products.  For the six-month period ending 6/30/01, MWAV's revenues totaled $38 million up from $17.3 million while net income rose to $2.8 million from $926 thousand. With no known analyst coverage, MWAV is trading at a market capitalization of about $19 million-just 1/3 of last year's $57 million in revenues.  Even more intriguing from a valuation standpoint, MWAV currently trades at 3.28 times trailing 12-month earnings and just a shade over 1x book value. The Company announced revenues were on track to exceed last year's levels, and they project $100 million in revenues in the next two to three years.  Some investors may shy away from companies in this group because they have been pummeled over the past year and a half. Regardless of its past performance of its stock price, MWAV's revenue growth is projected to grow by over 75% in the next two to three years. MWAV shareholders have excellent upside potential from current levels. In fact, according to the NASDAQ, three new institutional shareholders have reported adding new positions in MWAV over the past six months.  The fundamentals look pretty solid going forward. Let's take a look at the technical outlook. The chart below highlights MWAV shares trading at a $15 high as late as February. When the market peaked in 2000, MWAV shares hit an all-time high of $16.94. MWAV hit a closing yearly low of $3.70 on September 20, 2000.   [IMAGE]  Shares of MWAV represent a very good value for speculative investors at current levels. Downside risk of about 15% appears to be buffeted by the $3.80 book value of the Company. The $19 million market cap represents just 20% of anticipated forward revenues of $100 million whether it takes two to three years get there.  We believe MWAV has an excellent opportunity to hit their revenue goal and see their market cap expand to 1x revenues at some point in the next two to three years. In fact, if the Company were to reach a revenue valuation of 1x on a trailing basis, a 300% return from today's closing price would be realized. On a worst-case scenario, MWAV shares appear to hold 15-20% downside risk.  The SmallCap Network believes MWAV has an excellent chance to retest its all-time high IF they achieve the revenue results they have publicly stated they are targeting. With 4.57 million shares outstanding, achieving a $100 million market cap would produce a $21.88 share price at some point in the next two to three years.  In our view, 400% upside potential versus 20% downside represents a risk/reward scenario (20-1) we are perfectly willing to live with regardless of whether the broad market is over, under, or fairly valued. We'll look forward to presenting more of these types of situations in the weeks and months ahead.  SmallCap Network Members are advised this is neither an offer to sell nor a solicitation to buy securities. Members are advised to perform their own due diligence and use caution when buying andselling micro and small cap stocks.  If you'd like to update, change, or add a new email address please click here .    [IMAGE]    D I S C L A I M E R :  The SmallCap Digest is an independent electronic publication committed to providing our readers with factual information on selected  publicly traded companies. SmallCap Digest is not a registered investment advisor or broker-dealer. All companies are chosen on the basis of certain financial analysis and other pertinent criteria with a view toward  maximizing the upside potential for investors while minimizing the downside risk, whenever possible.  Moreover, as detailed below, this publication accepts compensation from third party consultants and/or companies which it features for the publication and circulation of the SmallCap Digest or representation on SmallCapNetwork.net.  Likewise, this newsletter is owned by TGR, LLC.  To the degrees enumerated herein,  this newsletter should not be regarded as an independent publication.   Click Here  to view our compensation on every company we have ever covered, or visit the following web address:  http://www.smallcapdigest.net/compensation_disclosure.html  for our full compensation disclosure and http://www.smallcapdigest.net/short_term_alerts.html  for Trading Alerts compensation and disclosure.   All statements and expressions are the sole  opinions of the editors and are subject to change without notice. A profile, description, or other mention of a company in the newsletter is neither an offer nor solicitation to buy or sell any securities  mentioned. While we believe all sources of information to be factual and reliable, in no way do we represent or guarantee the accuracy thereof, nor the statements made herein.   The editor, members of the editor's family, and/or entities with  which the editor is affiliated, are forbidden by company policy to own, buy, sell or otherwise trade stock for their own benefit in the companies who appear in the publication. The profiles, critiques, and other editorial content of the SmallCap Digest and SmallCapNetwork.net may contain forward-looking statements relating to the expected capabilities of the companies mentioned herein.   THE READER SHOULD VERIFY ALL CLAIMS AND DO THEIR OWN DUE DILIGENCE BEFORE INVESTING IN ANY SECURITIES MENTIONED. INVESTING IN  SECURITIES IS SPECULATIVE AND CARRIES A HIGH DEGREE OF RISK. THE INFORMATION FOUND IN THIS PROFILE IS PROTECTED BY THE COPYRIGHT LAWS OF THE UNITED STATES AND MAY NOT BE COPIED, OR REPRODUCED IN ANY WAY WITHOUT THE EXPRESSED, WRITTEN  CONSENT OF THE EDITORS OF SMALLCAPNETWORK.NET.   We encourage our readers to invest carefully and read the investor information available at the web sites of  the Securities and Exchange Commission ("SEC") at http://www.sec.gov and/or the National Association of Securities Dealers ("NASD") at http://www.nasd.com . We also strongly recommend that you read the SEC advisory to investors concerning Internet Stock Fraud, which can be found at  http://www.sec.gov/consumer/cyberfr.htm . Readers can review all public filings by companies at the SEC's EDGAR page. The NASD has published information on how to invest carefully at its web site.

  --- You are currently subscribed to smallcapdigest as: andrew.h.lewis@enron.com To unsubscribe send a blank email to leave-smallcapdigest-871164Q@lyris.smallcapnetwork.net


November 17, 20000

     Teco Tap       30.000 / Enron ; 33.750 / HPL Gas Daily

November 18, 2000

     Teco Tap       30.000 / Enron ; 120.000 / HPL Gas Daily

November 19, 2000

     Teco Tap       23.125 / Enron


fyi -- messages re California
----- Forwarded by Steven J Kean/NA/Enron on 02/01/2001 03:04 PM -----

	Peggy Mahoney@EES
	02/01/2001 04:58 AM

		 To: Paula Rieker/Corp/Enron@ENRON, Mark Koenig/Corp/Enron@ENRON, Elizabeth
Ivers/NA/Enron@Enron, Mark Palmer/Corp/Enron@ENRON, Steven J
Kean/NA/Enron@Enron, Karen Denne/Corp/Enron@ENRON
		 cc:
		 Subject: California

Attached is the "pitch" our sales representatives are presenting to customers
in California, a list of customers and a Q&A.

Karen - I am also faxing to your house in case these files are too large for
you
to download at home before you leave for California.

Please call me with any questions.
713-667-8511
713-504-4338
713=345-7034

Peggy


Marie:  Sharon Chernick's email address.  I'll also send Anna Meytina's

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
----- Forwarded by Sara Shackleton/HOU/ECT on 06/04/2001 06:07 PM -----

	"Chernick, Sharon Confidential Memo-Counsel (Exchange)" <schernick@bear.com>
	05/16/2001 02:46 PM

		 To: "'Sara.Shackleton@enron.com'" <Sara.Shackleton@enron.com>
		 cc:
		 Subject: RE: Amendment to Enron Corp. $25 Million guaranty of Enron Credit
Inc. obligations to Bear, Stearns et als

245 Park Avenue, NYC, NY 10167;;tel..212-272-2557.

Regards,

Sharon

> -----Original Message-----
> From: Sara.Shackleton@enron.com [SMTP:Sara.Shackleton@enron.com]
> Sent: Wednesday, May 16, 2001 2:38 PM
> To: schernick@bear.com
> Cc: Tom.Doukas@enron.com; Cheryl.Nelson@enron.com
> Subject: RE: Amendment to Enron Corp. $25 Million guaranty of Enron
> Credit  Inc. obligations to Bear, Stearns et als
>
>
> Sharon:
>
> Should we Fed Ex the amendment to you?  If so, please advise address and
> phone number.  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
>
>
>
>
>                     "Chernick,
>
>                     Sharon               To:
> "'Sara.Shackleton@enron.com'" <Sara.Shackleton@enron.com>,
>                     Confidential         "'schernick@bear.com'"
> <schernick@bear.com>
>                     Memo-Counsel         cc:     "'Tom.Doukas@enron.com'"
> <Tom.Doukas@enron.com>,
>                     (Exchange)"          "'Cheryl.Nelson@enron.com'"
> <Cheryl.Nelson@enron.com>
>                     <schernick@be        Subject:     RE: Amendment to
> Enron Corp. $25 Million guaranty of Enron
>                     ar.com>              Credit   Inc. obligations to
> Bear, Stearns et als
>
>
>                     05/16/2001
>
>                     09:55 AM
>
>
>
>
>
>
>
>
>
> My fax number is 212-272-5917.
>
> > -----Original Message-----
> > From:   Sara.Shackleton@enron.com [SMTP:Sara.Shackleton@enron.com]
> > Sent:   Tuesday, May 15, 2001 7:39 PM
> > To:     schernick@bear.com
> > Cc:     Tom.Doukas@enron.com; Cheryl.Nelson@enron.com
> > Subject:     Amendment to Enron Corp. $25 Million guaranty of Enron
> > Credit Inc. obligations to Bear, Stearns et als
> >
> > Sharon:
> >
> > I didn't have your phone or fax numbers to keep you in the loop so I am
> > sending this email by way of explanation.
> >
> > You may recall that Anna Meytina and Cheryl Nelson negotiated one or
> more
> > agreements between the Bear companies and Enron Credit Inc.  These
> > documents included the above referenced $25 Million guaranty.  I
> > understand
> > that our respective commercial groups have agreed to an increased
> guaranty
> > cap ($100 Million).  I have learned that Anna is on vacation.  I don't
> > know
> > which Bear lawyer will look into this recent guaranty development so I
> > hope
> > that you will advise us in that regard.
> >
> > Effective May 15, 2001, Enron Corp.  executed an amendment to the March
> > 29,
> > 2001 guaranty to increase the guaranty cap.  I have faxed a copy of this
> > amendment to both Bill Carik and Cheryl Lewis.  Please provide me with
> > your
> > fax number and I will fax the amendment to you.
> >
> > Cheryl Nelson and I look forward to hearing from you.  Please let us
> know
> > how we can further assist.
> >
> >
> >
> >
> > 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
>
>
> #****************************************************************
> Bear Stearns is not responsible for any recommendation, solicitation,
> offer or agreement or any information about any transaction, customer
> account or account activity contained in this communication.
> ***********************************************************************
>
>
>

***********************************************************************
Bear Stearns is not responsible for any recommendation, solicitation,
offer or agreement or any information about any transaction, customer
account or account activity contained in this communication.
***********************************************************************


---------------------- Forwarded by Don Miller/HOU/ECT on 10/20/2000 08:28 AM
---------------------------

mhhurtado@duke-energy.com on 10/18/2000 02:51:20 PM
To: don.miller@enron.com
cc: japearson@duke-energy.com, jparker@mayerbrown.com, jusow@mayerbrown.com
Subject: Questions regarding PSD permit for Lincoln

Don,

As a result of our review of the information and documents on Lincoln we
are requesting additional documents which are not in the data room.

1.   Relating to the plant's PSD:

     The Mostardi & Platt emissions test protocol for the May 2000
     emissions test
      A report to Illlinois EPA containing the emission test data
     Continuous Emission Monitoring (" CEM") Data ( all data
     developed since start-up)
     Any reports to IEPA required under the permit pertaining to
     exceedances, or
     start-up, breakdown & malfunction ( we have internal memos indicating
     that there
     was a breakdown at # 7 on July 5,2000)

2. Also, we don't have any permits for wastewater discharge. We have been
told that there is no wastewater discharged except
sewage/office wastewater which is going to a septic field. But we have no
verification of this at this point.

Thank you for your attention to these items.

Mario H. Hurtado
Duke Energy North America


I really like this one.
---------------------- Forwarded by Kay Mann/Corp/Enron on 12/04/2000 05:28
PM ---------------------------

Heather Kroll@ECT
12/04/2000 05:19 PM
To: Ozzie Pagan/HOU/ECT@ECT, Jeffery Ader/HOU/ECT@ECT, Mark
Bernstein/HOU/ECT@ECT, Kay Mann/Corp/Enron@Enron, Chris Gaffney/TOR/ECT@ECT
cc:

Subject: FW: Best Line I've heard all year

---------------------- Forwarded by Heather Kroll/HOU/ECT on 12/04/2000 05:19
PM ---------------------------

Quinn Kroll <q.kroll@pentasafe.com> on 12/04/2000 05:06:05 PM
To: williams@tvmcapital.com, "Heather Kroll (E-mail)" <hkroll@ect.enron.com>
cc:
Subject: FW: Best Line I've heard all year

"If the Democrats wanted Al Gore to be President so bad, they should have
voted for impeachment."


---------------------- Forwarded by Chris H Foster/HOU/ECT on 12/12/2000
01:06 PM ---------------------------
From: Chris H Foster on 12/12/2000 08:01 AM
To: "Woodward, Mark J" <WOODWMJ1@bp.com> @ ENRON
cc:
Subject: RE: Electricity Swap Indicative Quotes for BP Cherry Point

Mid C 7 x 24 Offers (indicative)

1 year - $215/MWhr
2 year - $144/MWhr
3 year = $122/MWhr
5 year = $98/MWhr

Call me at 503/464-3822 if you want to talk.

C

	Enron Capital & Trade Resources Corp.

	From:  "Woodward, Mark J" <WOODWMJ1@bp.com>
12/12/2000 08:03 AM

To: "'Chris.H.Foster@enron.com'" <Chris.H.Foster@enron.com>
cc:
Subject: RE: Electricity Swap Indicative Quotes for BP Cherry Point

Round the clock is what we're interested in.  Thanks,
---Mark

-----Original Message-----
From: Chris.H.Foster@enron.com [mailto:Chris.H.Foster@enron.com]
Sent: Tuesday, December 12, 2000 6:08 AM
To: WOODWMJ1@bp.com
Subject: Re: Electricity Swap Indicative Quotes for BP Cherry Point

Mark:

Peak or round the clock?

C

 (Embedded     Enron Capital & Trade Resources Corp.
 image moved
 to file:      From:  "Woodward, Mark J"
 pic15748.pcx) <WOODWMJ1@bp.com>
               12/11/2000 06:05 PM

To:   "'chris.H.foster@enron.com'" <chris.H.foster@enron.com>
cc:
Subject:  Electricity Swap Indicative Quotes for BP Cherry Point

Chris,
The refinery is potentially interested in a swap for Mid-C firm power, 20MW
block for:

1Q 2001

2001 full year

2001-2003 (3-year)

Can you provide an indicative quote for these periods?  Current price
levels
are forcing us to reevaluate our plans and targets for hedging.  'Not sure
how liquid the market is this week with all the news and price swings.  If
there isn't a market, that'd be useful information too....

Thanks,
-------Mark


As referenced below, we have this information.  Let's meet tomorrow to go
over an implementation approach.
---------------------- Forwarded by Shona Wilson/NA/Enron on 02/05/2001 02:57
PM ---------------------------

	Enron North America Corp.

	From:  Sheila Glover @ ECT                           01/12/2001 11:45 AM

To: Gary Hickerson/HOU/ECT@ECT, Sally Beck/HOU/ECT@ECT, Brent A
Price/HOU/ECT@ECT, Shona Wilson/NA/Enron@Enron, Wes Colwell/HOU/ECT@ECT,
Thomas Myers/HOU/ECT@ECT, Scott Earnest/HOU/ECT@ECT, Georgeanne
Hodges/HOU/ECT@ECT
cc: Chris Abel/HOU/ECT@ECT, Debbie R Brackett/HOU/ECT@ECT, Zhiyong
Wei/HOU/ECT@ECT, Jeremy Wong/HOU/ECT@ECT, Stephen Stock/HOU/ECT

Subject: ERMS DISCOUNTING Solution

Since December 1996, we have reserved for the over statement of our books
because ERMS discounts from the first day of production rather than payment
date (e.g. for gas the 25th of the following month).  The Calculaton for the
ERMS Discounting Reserve is currently performed  monthly by Risk Controls and
Reporting.  The December Reserve was ($7.8 million).

At an ERMS/TAGG meeting this morning,  Zhiyong Wei and Jeremy Wong said that
ERMS discounting could be corrected in two months.  Debbie Brackett, Chris
Abel and I suggested that April 1st may be the best time to implement.

Please advise Debbie, Chris or I of any concerns you may have with us
implementing this ERMS calculation correction for a April 1st date.
Thanks, Sheila

---------------------- Forwarded by Sheila Glover/HOU/ECT on 01/12/2001 11:06
AM ---------------------------

Clara Carrington
01/04/2001 10:38 AM
To: Brent A Price/HOU/ECT@ECT
cc: Sheila Glover/HOU/ECT@ECT
Subject: ERMS DISCOUNTING MEMO FOR DEC 00

Clara


I'm screwed for the forseeable future(some of which is vacation) I'll call you.

 -----Original Message-----
From: 	Welsh, H. Ronald  [mailto:rwelsh@velaw.com]
Sent:	Wednesday, June 06, 2001 2:08 AM
To:	'Richard.B.Sanders@enron.com'
Subject:	RE: Trial Lawyer

Lunch would be great. I will be out of town Thur and Fri of next week. Are
there any other good days?  I would like to hear what's really happening in
Calif.

          ++++++CONFIDENTIALITY NOTICE+++++
The information in this email may be confidential and/or privileged.  This
email is intended to be reviewed by only the individual or organization
named above.  If you are not the intended recipient or an authorized
representative of the intended recipient, you are hereby notified that any
review, dissemination or copying of this email and its attachments, if any,
or the information contained herein is prohibited.  If you have received
this email in error, please immediately notify the sender by return email
and delete this email from your system.  Thank You


Paul,

Report attached FYI

Regards


Brent is still ill.  He will be in the office for a little while each day so
if you need him, please leave him a note, e-mail or voice mail so he'll be
sure to get with you while he's in the office.