COLOMBIA: Colombia sets new date for key utility privatization.
12/13/2000
Reuters English News Service
(C) Reuters Limited 2000
MARKET TALK: Reading Into Liquidty At Investment Banks
12/13/2000
Dow Jones News Service
(Copyright (c) 2000, Dow Jones & Company, Inc.)

MARKET TALK: Bush Tax Cuts May Get Pushed Through
12/13/2000
Dow Jones News Service
(Copyright (c) 2000, Dow Jones & Company, Inc.)

MARKET TALK: It's Not High Court, But HMOs Get Big Ruling
12/13/2000
Dow Jones News Service
(Copyright (c) 2000, Dow Jones & Company, Inc.)

MARKET TALK: Short-Term Gains On March S&Ps May Be Capped
12/13/2000
Dow Jones News Service
(Copyright (c) 2000, Dow Jones & Company, Inc.)

MARKET TALK: Technical Look at Toronto Exchange
12/13/2000
Dow Jones News Service
(Copyright (c) 2000, Dow Jones & Company, Inc.)

COLOMBIA: Colombia sets new date for key utility privatization.
12/13/2000
Reuters English News Service
(C) Reuters Limited 2000.

BOGOTA, Dec 13 (Reuters) - The embattled Colombian government on Wednesday
set a deadline of June 30 next year for its often delayed privatization of
state-run power generator ISAGEN.
The 1,636 megawatt generator, the country's third-largest and valued at about
$450 million, was most recently due to have been sold by Sept. 30 as part of
a year-old plan agreed with the International Monetary Fund to help boost
government revenues and meet tight budget targets.
But it was delayed indefinitely until just last week when the Council of
State - a tribunal set up to resolve disputes between the government and
private sector - struck down an injunction blocking the sale that was based
on a complaint from Empresas Publicas de Medellin (EPM), Colombia's largest
public utility.
EPM has argued that it has been unfairly excluded from the bidding process
for ISAGEN by government regulators, on grounds that its ownership of the
company would violate antitrust laws by giving it a virtual monopoly over
Colombia's power generating capacity.
Finance Minister Juan Manuel Santos said in September that the government was
determined to finalize the ISAGEN sell-off by the end of this year, once the
Council of State ruled as expected in the government's favor.
But Santos, who spoke to reporters as he emerged from a cabinet meeting at
the presidential palace, said legal loopholes, possible changes in the
price-tag for ISAGEN, and the need to update paperwork related to its
privatization would now postpone the deal until June 30.
"We have to restart this whole process. We're going to study the valuation
and reopen negotiations with possible buyers to see how we can put ISAGEN up
for sale at the best price as soon as possible," Santos said.
The sale of ISAGEN, considered one of the crown jewels in the government's
troubled privatization program, had originally been expected to take place
last December. It was later slated for the first half of 2000, at a time when
government sources said leading bidders included U.S. energy group Enron .
The sell-off in the first half of this year was delayed, until the elusive
Sept. 30 deadline, amid a flurry of attacks on the national power grid by
Marxist rebel saboteurs and legal challenges to the sale from ISAGEN's own
labor union.
MARKET TALK: Reading Into Liquidty At Investment Banks

12/13/2000
Dow Jones News Service
(Copyright (c) 2000, Dow Jones & Company, Inc.)

Edited by Thomas Granahan
Of DOW JONES NEWSWIRES

(Call Us: 201 938-5299; All Times Eastern)

MARKET TALK can be found using code N/DJMT

2:58 (Dow Jones) As credit quality concerns dog investors, Bear Stearns'
analyst Amy Butte says in a report Wednesday that investment banks are
increasing liquidity to historically high levels, which could be a sign of
either a more conservative bent or a premonition of risk, she said. (CWM)
2:48 (Dow Jones) Gridlock may put some of Bush's measures, such as school
vouchers and Social Security privatization, on hold. But rebel Democrats may
help pass all or most of Bush's tax cuts, says economist Ian Morris at HSBC.
That wouldn't prevent hard landing in 2001, but the stimulus will be felt by
2002. By 2003, Morris says, the surplus could be more like $250 billion than
CBO's projected $400 billion. (SV)
2:39 (Dow Jones) OK, so it wasn't an unprecedented ruling that determined our
next president, but there was a big ruling in the HMO arena concerning
provider lawsuits. Chase H&Q calls judge's decision granting certain parts
and denying other parts of various defendant's motions a minor victory for
HMOs. Ruling positive for Wellpoint (WLP) and Aetna (AET), mildly positive
for Cigna (CI) and United Healthcare (UNH), mixed for PacifiCare (PHSY), and
has no impact on Humana (HUM). (TG)
2:30 (Dow Jones) March S&Ps, which have spent all day in negative territory,
are focusing on the fundamentals now that the election outcome is more
certain. And the fundamentals don't look too bullish, given the earnings
warnings of recent days, particularly from computer and chip-makers,
off-floor traders say. "We probably won't be heading any higher tomorrow than
where we are today," he said. (ZHS)
2:20 (Dow Jones) The intraday low for Toronto's TSE 300 Index is 9103.95,
practically significant weekly support at 9103.64. The index is now pointed
up to about 9500 at least, if the intraday low holds. A daily close below
9103.64 means that the index is headed back to to the lower 8500 handle. (SC)
2:15 (Dow Jones) Lehman's Jeff deGraaf says that while he is not a big fan of
energy names currently, Ultramar Diamond Shamrock (UDS) has one of the best
looking charts in the sector. Nice base off which to rally, and shares are
above both 50-day and 200-day moving average. Stop under $26. (TG)
2:00 (Dow Jones) Tough day for Applied Materials (AMAT) and semi group.
Salomon, Merrill downgrade AMAT, and Prudential lowers estimates on company
and several other semiconductor names. Pru also has an "implied trough value"
for semi companies, and they're not pretty: AMAT $28-$27, KLAC $20-$26, KLIC
$8, LRCX $14-$18, NVLS $22-$31, and TER $15-$30. (TG)
1:45 (Dow Jones) Celestica (CLS) and NEC Corp. (NIPNY) could be about to hook
up again. TD Securities analyst Mark Lucey says Celestica is looking for
regulatory approval to buy a unit of NEC in the U.K. This after NEC said
Tuesday it is in talks to sell its mobile phone production facilities in the
U.K. and Mexico. In June, Celestica acquired NEC's manufacturing plant in
Brazil as part of a five-year, $1.2 billion supply agreement. In addition,
Nokia is looking to move into Brazil and said it will use Celestica to
manufacture GSM wireless base stations after securing contract wins,
according to Lucey. (SEW)
1:43 (Dow Jones) Said U.S. Rep. Lloyd Doggett, a Democrat from Austin, Tex.:
"With a mere one-person majority of the Court and a definiite minority of the
national vote, President-elect Bush is off to a tough start. All of us have a
stake in the success of his presidency. Now is the time to join with him,
without foresaking principle, to seek common ground in addressing the
nation's needs." (JC)
1:29 (Dow Jones) The chance of a rate cut at the next FOMC meeting next week
is modest, but on the rise and helping to fuel Tsys gains, says bond
strategist. Fed Funds futures showing 15% to 20% chance of rate cut on Dec.
19, strategist says. 30-year now at session high, up 22/32 at 111 3/32, yield
down 4 bp at 5.49%. (JNP)
1:22 (Dow Jones) Prudential Vector analyst Timothy Anderson lowered Alza
(AZA) to accumulate from strong buy because of valuation. With positive
prescription trends for attention deficit hyperactivity disorder medicine
Concerta and strong market shares of overactive bladder treatment Ditropan
XL, Anderson said Alza shares are "priced for perfection and expectations are
high - any slight upset could weigh heavily on the stock." Shares fell about
8.5%. (BMM)
1:13 (Dow Jones) Online and discount broker Charles Schwab Corp. (SCH) sees
meeting the 14 cents that analysts expected for its fourth quarter earnings
per share as a challenge, unless there is a big surge in trading activity or
the firm cuts costs sharply. Schwab shares are off 2.7%. (GFC)
1:10 (Dow Jones) Enron's (ENE) current chief executive and chairman, Kenneth
Lay, says he categorically won't be taking a job in a new presidential
administration. "I have no plans to go to Washington, and no plans to leave
Houston or Enron. I can say categorically that I won't be taking a job in a
Bush cabinet," Lay said in an interview. (MPG)
1:07 (Dow Jones) Vlasic Foods International (VL) apparently has received bids
for both the entire company and individual parts, according to Merrill
Lynch's Len Teitelbaum. The troubled pickle maker has been on the block since
March. Teitelbaum says a deadline of Feb. 28 has been set by the banks
involved. He estimates stockholders could reap proceeds of 89 cents to $1.00
a share at the completion of a sale. Teitelbaum is convinced that "the main
objective of (Vlasic's) management now is to make the bondholder whole." As a
result, the analyst no longer maintains an investment opinion on the stock.
(VL)
MARKET TALK: Bush Tax Cuts May Get Pushed Through

12/13/2000
Dow Jones News Service
(Copyright (c) 2000, Dow Jones & Company, Inc.)

Edited by Thomas Granahan
Of DOW JONES NEWSWIRES

(Call Us: 201 938-5299; All Times Eastern)

MARKET TALK can be found using code N/DJMT

2:48 (Dow Jones) Gridlock may put some of Bush's measures, such as school
vouchers and Social Security privatization, on hold. But rebel Democrats may
help pass all or most of Bush's tax cuts, says economist Ian Morris at HSBC.
That wouldn't prevent hard landing in 2001, but the stimulus will be felt by
2002. By 2003, Morris says, the surplus could be more like $250 billion than
CBO's projected $400 billion. (SV)
2:39 (Dow Jones) OK, so it wasn't an unprecedented ruling that determined our
next president, but there was a big ruling in the HMO arena concerning
provider lawsuits. Chase H&Q calls judge's decision granting certain parts
and denying other parts of various defendant's motions a minor victory for
HMOs. Ruling positive for Wellpoint (WLP) and Aetna (AET), mildly positive
for Cigna (CI) and United Healthcare (UNH), mixed for PacifiCare (PHSY), and
has no impact on Humana (HUM). (TG)
2:30 (Dow Jones) March S&Ps, which have spent all day in negative territory,
are focusing on the fundamentals now that the election outcome is more
certain. And the fundamentals don't look too bullish, given the earnings
warnings of recent days, particularly from computer and chip-makers,
off-floor traders say. "We probably won't be heading any higher tomorrow than
where we are today," he said. (ZHS)
2:20 (Dow Jones) The intraday low for Toronto's TSE 300 Index is 9103.95,
practically significant weekly support at 9103.64. The index is now pointed
up to about 9500 at least, if the intraday low holds. A daily close below
9103.64 means that the index is headed back to to the lower 8500 handle. (SC)
2:15 (Dow Jones) Lehman's Jeff deGraaf says that while he is not a big fan of
energy names currently, Ultramar Diamond Shamrock (UDS) has one of the best
looking charts in the sector. Nice base off which to rally, and shares are
above both 50-day and 200-day moving average. Stop under $26. (TG)
2:00 (Dow Jones) Tough day for Applied Materials (AMAT) and semi group.
Salomon, Merrill downgrade AMAT, and Prudential lowers estimates on company
and several other semiconductor names. Pru also has an "implied trough value"
for semi companies, and they're not pretty: AMAT $28-$27, KLAC $20-$26, KLIC
$8, LRCX $14-$18, NVLS $22-$31, and TER $15-$30. (TG)
1:45 (Dow Jones) Celestica (CLS) and NEC Corp. (NIPNY) could be about to hook
up again. TD Securities analyst Mark Lucey says Celestica is looking for
regulatory approval to buy a unit of NEC in the U.K. This after NEC said
Tuesday it is in talks to sell its mobile phone production facilities in the
U.K. and Mexico. In June, Celestica acquired NEC's manufacturing plant in
Brazil as part of a five-year, $1.2 billion supply agreement. In addition,
Nokia is looking to move into Brazil and said it will use Celestica to
manufacture GSM wireless base stations after securing contract wins,
according to Lucey. (SEW)
1:43 (Dow Jones) Said U.S. Rep. Lloyd Doggett, a Democrat from Austin, Tex.:
"With a mere one-person majority of the Court and a definiite minority of the
national vote, President-elect Bush is off to a tough start. All of us have a
stake in the success of his presidency. Now is the time to join with him,
without foresaking principle, to seek common ground in addressing the
nation's needs." (JC)
1:29 (Dow Jones) The chance of a rate cut at the next FOMC meeting next week
is modest, but on the rise and helping to fuel Tsys gains, says bond
strategist. Fed Funds futures showing 15% to 20% chance of rate cut on Dec.
19, strategist says. 30-year now at session high, up 22/32 at 111 3/32, yield
down 4 bp at 5.49%. (JNP)
1:22 (Dow Jones) Prudential Vector analyst Timothy Anderson lowered Alza
(AZA) to accumulate from strong buy because of valuation. With positive
prescription trends for attention deficit hyperactivity disorder medicine
Concerta and strong market shares of overactive bladder treatment Ditropan
XL, Anderson said Alza shares are "priced for perfection and expectations are
high - any slight upset could weigh heavily on the stock." Shares fell about
8.5%. (BMM)
1:13 (Dow Jones) Online and discount broker Charles Schwab Corp. (SCH) sees
meeting the 14 cents that analysts expected for its fourth quarter earnings
per share as a challenge, unless there is a big surge in trading activity or
the firm cuts costs sharply. Schwab shares are off 2.7%. (GFC)
1:10 (Dow Jones) Enron's (ENE) current chief executive and chairman, Kenneth
Lay, says he categorically won't be taking a job in a new presidential
administration. "I have no plans to go to Washington, and no plans to leave
Houston or Enron. I can say categorically that I won't be taking a job in a
Bush cabinet," Lay said in an interview. (MPG)
1:07 (Dow Jones) Vlasic Foods International (VL) apparently has received bids
for both the entire company and individual parts, according to Merrill
Lynch's Len Teitelbaum. The troubled pickle maker has been on the block since
March. Teitelbaum says a deadline of Feb. 28 has been set by the banks
involved. He estimates stockholders could reap proceeds of 89 cents to $1.00
a share at the completion of a sale. Teitelbaum is convinced that "the main
objective of (Vlasic's) management now is to make the bondholder whole." As a
result, the analyst no longer maintains an investment opinion on the stock.
(VL)
MARKET TALK: It's Not High Court, But HMOs Get Big Ruling

12/13/2000
Dow Jones News Service
(Copyright (c) 2000, Dow Jones & Company, Inc.)

Edited by Thomas Granahan
Of DOW JONES NEWSWIRES

(Call Us: 201 938-5299; All Times Eastern)

MARKET TALK can be found using code N/DJMT

2:39 (Dow Jones) OK, so it wasn't an unprecedented ruling that determined our
next president, but there was a big ruling in the HMO arena concerning
provider lawsuits. Chase H&Q calls judge's decision granting certain parts
and denying other parts of various defendant's motions a minor victory for
HMOs. Ruling positive for Wellpoint (WLP) and Aetna (AET), mildly positive
for Cigna (CI) and United Healthcare (UNH), mixed for PacifiCare (PHSY), and
has no impact on Humana (HUM). (TG)
2:30 (Dow Jones) March S&Ps, which have spent all day in negative territory,
are focusing on the fundamentals now that the election outcome is more
certain. And the fundamentals don't look too bullish, given the earnings
warnings of recent days, particularly from computer and chip-makers,
off-floor traders say. "We probably won't be heading any higher tomorrow than
where we are today," he said. (ZHS)
2:20 (Dow Jones) The intraday low for Toronto's TSE 300 Index is 9103.95,
practically significant weekly support at 9103.64. The index is now pointed
up to about 9500 at least, if the intraday low holds. A daily close below
9103.64 means that the index is headed back to to the lower 8500 handle. (SC)
2:15 (Dow Jones) Lehman's Jeff deGraaf says that while he is not a big fan of
energy names currently, Ultramar Diamond Shamrock (UDS) has one of the best
looking charts in the sector. Nice base off which to rally, and shares are
above both 50-day and 200-day moving average. Stop under $26. (TG)
2:00 (Dow Jones) Tough day for Applied Materials (AMAT) and semi group.
Salomon, Merrill downgrade AMAT, and Prudential lowers estimates on company
and several other semiconductor names. Pru also has an "implied trough value"
for semi companies, and they're not pretty: AMAT $28-$27, KLAC $20-$26, KLIC
$8, LRCX $14-$18, NVLS $22-$31, and TER $15-$30. (TG)
1:45 (Dow Jones) Celestica (CLS) and NEC Corp. (NIPNY) could be about to hook
up again. TD Securities analyst Mark Lucey says Celestica is looking for
regulatory approval to buy a unit of NEC in the U.K. This after NEC said
Tuesday it is in talks to sell its mobile phone production facilities in the
U.K. and Mexico. In June, Celestica acquired NEC's manufacturing plant in
Brazil as part of a five-year, $1.2 billion supply agreement. In addition,
Nokia is looking to move into Brazil and said it will use Celestica to
manufacture GSM wireless base stations after securing contract wins,
according to Lucey. (SEW)
1:43 (Dow Jones) Said U.S. Rep. Lloyd Doggett, a Democrat from Austin, Tex.:
"With a mere one-person majority of the Court and a definiite minority of the
national vote, President-elect Bush is off to a tough start. All of us have a
stake in the success of his presidency. Now is the time to join with him,
without foresaking principle, to seek common ground in addressing the
nation's needs." (JC)
1:29 (Dow Jones) The chance of a rate cut at the next FOMC meeting next week
is modest, but on the rise and helping to fuel Tsys gains, says bond
strategist. Fed Funds futures showing 15% to 20% chance of rate cut on Dec.
19, strategist says. 30-year now at session high, up 22/32 at 111 3/32, yield
down 4 bp at 5.49%. (JNP)
1:22 (Dow Jones) Prudential Vector analyst Timothy Anderson lowered Alza
(AZA) to accumulate from strong buy because of valuation. With positive
prescription trends for attention deficit hyperactivity disorder medicine
Concerta and strong market shares of overactive bladder treatment Ditropan
XL, Anderson said Alza shares are "priced for perfection and expectations are
high - any slight upset could weigh heavily on the stock." Shares fell about
8.5%. (BMM)
1:13 (Dow Jones) Online and discount broker Charles Schwab Corp. (SCH) sees
meeting the 14 cents that analysts expected for its fourth quarter earnings
per share as a challenge, unless there is a big surge in trading activity or
the firm cuts costs sharply. Schwab shares are off 2.7%. (GFC)
1:10 (Dow Jones) Enron's (ENE) current chief executive and chairman, Kenneth
Lay, says he categorically won't be taking a job in a new presidential
administration. "I have no plans to go to Washington, and no plans to leave
Houston or Enron. I can say categorically that I won't be taking a job in a
Bush cabinet," Lay said in an interview. (MPG)
1:07 (Dow Jones) Vlasic Foods International (VL) apparently has received bids
for both the entire company and individual parts, according to Merrill
Lynch's Len Teitelbaum. The troubled pickle maker has been on the block since
March. Teitelbaum says a deadline of Feb. 28 has been set by the banks
involved. He estimates stockholders could reap proceeds of 89 cents to $1.00
a share at the completion of a sale. Teitelbaum is convinced that "the main
objective of (Vlasic's) management now is to make the bondholder whole." As a
result, the analyst no longer maintains an investment opinion on the stock.
(VL)
1:00 (Dow Jones) Tech boutique Thomas Weisel Partners reiterated its buy
rating and raised its 2001 revenue projections for SonicWall (SNWL), to
$125.2 million from $106.4 million, saying the computer firewall maker's
acquisition of Phobos will boost market share in internal transaction
security as well as traditional firewall appliances. "Visibility and and
business momentum continue to be strong," said analyst Mark Edelen. (MER)
12:56 (Dow Jones) March Nasdaqs and S&Ps are incurring losses on
profit-taking, said floor traders, who were intrigued by their fall even when
it has become clear that Al Gore, whose defeat was seen as bullish for the
stock futures market, is reportedly going to concede. "There's no uncertainty
left in the market," quipped one floor trader. (ZHS)
12:40 (Dow Jones) Lehman opened up coverage on a passel of Internet
infrastructure service companies, with an outperform rating on Digex (DIGX),
Genuity (GENU) and InterNAP (INAP). Harry Blount is looking past current
turbulence in the stocks to a time of "powerful secular growth." The
companies, Blount says, "have among the most compelling business models of
any emerging growth sector in the stock market." Among the pluses he cites
are steady revenue, scalable business models and decreasing capital costs as
the companies reach critical mass.
12:21 (Dow Jones) Wounded Linux stocks rallying for second straight day after
IBM CEO Gerstner said Tuesday that Big Blue would invest $1 billion next year
commercializing the renegade operating system. After seeing their stocks drop
as much as 95% this year, Red Hat (RHAT), VA Linux, (LNUX) and Caldera (CALD)
are each up more than 20%. (MLP)
12:14 (Dow Jones) Stanley Furniture's (STLY) 4Q sales and earns warning comes
on same day that Commerce, in its retail sales report, said overall furniture
sales surged 1.5% in Nov. - biggest monthly jump in about a year. Maybe
coincidental, maybe a holiday phenom. But it's still interesting that sales
climbing amid clear signs of general earnings weakness in furniture business.
Stanley, a thinly traded stock, off 8% at 21.32. (GC)
12:10 (Dow Jones) Bond market issuance was down 25% during the first three
quarters of the year amid the Fed's interest rate hiking campaign, the Bond
Market Association says. Total issuance totaled $1.6 trillion through Sept.
to $15.6 trillion in outstanding debt. (MSD)
11:57 (Dow Jones) Veritas (VRTS) continues to feel pressure (shares down 6%)
amid concerns it will suffer from weakness in Sun Microsystems' (SUNW) server
business, which accounts for a chunk of its storage software sales. But
Merrill defends Veritas, saying it's on track to meet or exceed fourth
quarter targets and investors should use volatility to load up on Veritas.
(MLP)
11:51 (Dow Jones) A lot of news and bond friendly data today, but not any big
changes in sentiment. As tech names trade in negative territory, Treasurys
are holding a bid. But traders say flows are going both ways, suggesting that
a rebound in stocks will be enough to push Treasury prices back toward
unchanged on the day. (SV)L)
MARKET TALK: Short-Term Gains On March S&Ps May Be Capped

12/13/2000
Dow Jones News Service
(Copyright (c) 2000, Dow Jones & Company, Inc.)

Edited by Thomas Granahan
Of DOW JONES NEWSWIRES

(Call Us: 201 938-5299; All Times Eastern)

MARKET TALK can be found using code N/DJMT

2:30 (Dow Jones) March S&Ps, which have spent all day in negative territory,
are focusing on the fundamentals now that the election outcome is more
certain. And the fundamentals don't look too bullish, given the earnings
warnings of recent days, particularly from computer and chip-makers,
off-floor traders say. "We probably won't be heading any higher tomorrow than
where we are today," he said. (ZHS)
2:20 (Dow Jones) The intraday low for Toronto's TSE 300 Index is 9103.95,
practically significant weekly support at 9103.64. The index is now pointed
up to about 9500 at least, if the intraday low holds. A daily close below
9103.64 means that the index is headed back to to the lower 8500 handle. (SC)
2:15 (Dow Jones) Lehman's Jeff deGraaf says that while he is not a big fan of
energy names currently, Ultramar Diamond Shamrock (UDS) has one of the best
looking charts in the sector. Nice base off which to rally, and shares are
above both 50-day and 200-day moving average. Stop under $26. (TG)
2:00 (Dow Jones) Tough day for Applied Materials (AMAT) and semi group.
Salomon, Merrill downgrade AMAT, and Prudential lowers estimates on company
and several other semiconductor names. Pru also has an "implied trough value"
for semi companies, and they're not pretty: AMAT $28-$27, KLAC $20-$26, KLIC
$8, LRCX $14-$18, NVLS $22-$31, and TER $15-$30. (TG)
1:45 (Dow Jones) Celestica (CLS) and NEC Corp. (NIPNY) could be about to hook
up again. TD Securities analyst Mark Lucey says Celestica is looking for
regulatory approval to buy a unit of NEC in the U.K. This after NEC said
Tuesday it is in talks to sell its mobile phone production facilities in the
U.K. and Mexico. In June, Celestica acquired NEC's manufacturing plant in
Brazil as part of a five-year, $1.2 billion supply agreement. In addition,
Nokia is looking to move into Brazil and said it will use Celestica to
manufacture GSM wireless base stations after securing contract wins,
according to Lucey. (SEW)
1:43 (Dow Jones) Said U.S. Rep. Lloyd Doggett, a Democrat from Austin, Tex.:
"With a mere one-person majority of the Court and a definiite minority of the
national vote, President-elect Bush is off to a tough start. All of us have a
stake in the success of his presidency. Now is the time to join with him,
without foresaking principle, to seek common ground in addressing the
nation's needs." (JC)
1:29 (Dow Jones) The chance of a rate cut at the next FOMC meeting next week
is modest, but on the rise and helping to fuel Tsys gains, says bond
strategist. Fed Funds futures showing 15% to 20% chance of rate cut on Dec.
19, strategist says. 30-year now at session high, up 22/32 at 111 3/32, yield
down 4 bp at 5.49%. (JNP)
1:22 (Dow Jones) Prudential Vector analyst Timothy Anderson lowered Alza
(AZA) to accumulate from strong buy because of valuation. With positive
prescription trends for attention deficit hyperactivity disorder medicine
Concerta and strong market shares of overactive bladder treatment Ditropan
XL, Anderson said Alza shares are "priced for perfection and expectations are
high - any slight upset could weigh heavily on the stock." Shares fell about
8.5%. (BMM)
1:13 (Dow Jones) Online and discount broker Charles Schwab Corp. (SCH) sees
meeting the 14 cents that analysts expected for its fourth quarter earnings
per share as a challenge, unless there is a big surge in trading activity or
the firm cuts costs sharply. Schwab shares are off 2.7%. (GFC)
1:10 (Dow Jones) Enron's (ENE) current chief executive and chairman, Kenneth
Lay, says he categorically won't be taking a job in a new presidential
administration. "I have no plans to go to Washington, and no plans to leave
Houston or Enron. I can say categorically that I won't be taking a job in a
Bush cabinet," Lay said in an interview. (MPG)
1:07 (Dow Jones) Vlasic Foods International (VL) apparently has received bids
for both the entire company and individual parts, according to Merrill
Lynch's Len Teitelbaum. The troubled pickle maker has been on the block since
March. Teitelbaum says a deadline of Feb. 28 has been set by the banks
involved. He estimates stockholders could reap proceeds of 89 cents to $1.00
a share at the completion of a sale. Teitelbaum is convinced that "the main
objective of (Vlasic's) management now is to make the bondholder whole." As a
result, the analyst no longer maintains an investment opinion on the stock.
(VL)
1:00 (Dow Jones) Tech boutique Thomas Weisel Partners reiterated its buy
rating and raised its 2001 revenue projections for SonicWall (SNWL), to
$125.2 million from $106.4 million, saying the computer firewall maker's
acquisition of Phobos will boost market share in internal transaction
security as well as traditional firewall appliances. "Visibility and and
business momentum continue to be strong," said analyst Mark Edelen. (MER)
12:56 (Dow Jones) March Nasdaqs and S&Ps are incurring losses on
profit-taking, said floor traders, who were intrigued by their fall even when
it has become clear that Al Gore, whose defeat was seen as bullish for the
stock futures market, is reportedly going to concede. "There's no uncertainty
left in the market," quipped one floor trader. (ZHS)
12:40 (Dow Jones) Lehman opened up coverage on a passel of Internet
infrastructure service companies, with an outperform rating on Digex (DIGX),
Genuity (GENU) and InterNAP (INAP). Harry Blount is looking past current
turbulence in the stocks to a time of "powerful secular growth." The
companies, Blount says, "have among the most compelling business models of
any emerging growth sector in the stock market." Among the pluses he cites
are steady revenue, scalable business models and decreasing capital costs as
the companies reach critical mass.
12:21 (Dow Jones) Wounded Linux stocks rallying for second straight day after
IBM CEO Gerstner said Tuesday that Big Blue would invest $1 billion next year
commercializing the renegade operating system. After seeing their stocks drop
as much as 95% this year, Red Hat (RHAT), VA Linux, (LNUX) and Caldera (CALD)
are each up more than 20%. (MLP)
12:14 (Dow Jones) Stanley Furniture's (STLY) 4Q sales and earns warning comes
on same day that Commerce, in its retail sales report, said overall furniture
sales surged 1.5% in Nov. - biggest monthly jump in about a year. Maybe
coincidental, maybe a holiday phenom. But it's still interesting that sales
climbing amid clear signs of general earnings weakness in furniture business.
Stanley, a thinly traded stock, off 8% at 21.32. (GC)
12:10 (Dow Jones) Bond market issuance was down 25% during the first three
quarters of the year amid the Fed's interest rate hiking campaign, the Bond
Market Association says. Total issuance totaled $1.6 trillion through Sept.
to $15.6 trillion in outstanding debt. (MSD)
11:57 (Dow Jones) Veritas (VRTS) continues to feel pressure (shares down 6%)
amid concerns it will suffer from weakness in Sun Microsystems' (SUNW) server
business, which accounts for a chunk of its storage software sales. But
Merrill defends Veritas, saying it's on track to meet or exceed fourth
quarter targets and investors should use volatility to load up on Veritas.
(MLP)
11:51 (Dow Jones) A lot of news and bond friendly data today, but not any big
changes in sentiment. As tech names trade in negative territory, Treasurys
are holding a bid. But traders say flows are going both ways, suggesting that
a rebound in stocks will be enough to push Treasury prices back toward
unchanged on the day. (SV)
MARKET TALK: Technical Look at Toronto Exchange

12/13/2000
Dow Jones News Service
(Copyright (c) 2000, Dow Jones & Company, Inc.)

Edited by Thomas Granahan
Of DOW JONES NEWSWIRES

(Call Us: 201 938-5299; All Times Eastern)

MARKET TALK can be found using code N/DJMT

2:20 (Dow Jones) The intraday low for Toronto's TSE 300 Index is 9103.95,
practically significant weekly support at 9103.64. The index is now pointed
up to about 9500 at least, if the intraday low holds. A daily close below
9103.64 means that the index is headed back to to the lower 8500 handle. (SC)
2:15 (Dow Jones) Lehman's Jeff deGraaf says that while he is not a big fan of
energy names currently, Ultramar Diamond Shamrock (UDS) has one of the best
looking charts in the sector. Nice base off which to rally, and shares are
above both 50-day and 200-day moving average. Stop under $26. (TG)
2:00 (Dow Jones) Tough day for Applied Materials (AMAT) and semi group.
Salomon, Merrill downgrade AMAT, and Prudential lowers estimates on company
and several other semiconductor names. Pru also has an "implied trough value"
for semi companies, and they're not pretty: AMAT $28-$27, KLAC $20-$26, KLIC
$8, LRCX $14-$18, NVLS $22-$31, and TER $15-$30. (TG)
1:45 (Dow Jones) Celestica (CLS) and NEC Corp. (NIPNY) could be about to hook
up again. TD Securities analyst Mark Lucey says Celestica is looking for
regulatory approval to buy a unit of NEC in the U.K. This after NEC said
Tuesday it is in talks to sell its mobile phone production facilities in the
U.K. and Mexico. In June, Celestica acquired NEC's manufacturing plant in
Brazil as part of a five-year, $1.2 billion supply agreement. In addition,
Nokia is looking to move into Brazil and said it will use Celestica to
manufacture GSM wireless base stations after securing contract wins,
according to Lucey. (SEW)
1:43 (Dow Jones) Said U.S. Rep. Lloyd Doggett, a Democrat from Austin, Tex.:
"With a mere one-person majority of the Court and a definiite minority of the
national vote, President-elect Bush is off to a tough start. All of us have a
stake in the success of his presidency. Now is the time to join with him,
without foresaking principle, to seek common ground in addressing the
nation's needs." (JC)
1:29 (Dow Jones) The chance of a rate cut at the next FOMC meeting next week
is modest, but on the rise and helping to fuel Tsys gains, says bond
strategist. Fed Funds futures showing 15% to 20% chance of rate cut on Dec.
19, strategist says. 30-year now at session high, up 22/32 at 111 3/32, yield
down 4 bp at 5.49%. (JNP)
1:22 (Dow Jones) Prudential Vector analyst Timothy Anderson lowered Alza
(AZA) to accumulate from strong buy because of valuation. With positive
prescription trends for attention deficit hyperactivity disorder medicine
Concerta and strong market shares of overactive bladder treatment Ditropan
XL, Anderson said Alza shares are "priced for perfection and expectations are
high - any slight upset could weigh heavily on the stock." Shares fell about
8.5%. (BMM)
1:13 (Dow Jones) Online and discount broker Charles Schwab Corp. (SCH) sees
meeting the 14 cents that analysts expected for its fourth quarter earnings
per share as a challenge, unless there is a big surge in trading activity or
the firm cuts costs sharply. Schwab shares are off 2.7%. (GFC)
1:10 (Dow Jones) Enron's (ENE) current chief executive and chairman, Kenneth
Lay, says he categorically won't be taking a job in a new presidential
administration. "I have no plans to go to Washington, and no plans to leave
Houston or Enron. I can say categorically that I won't be taking a job in a
Bush cabinet," Lay said in an interview. (MPG)
1:07 (Dow Jones) Vlasic Foods International (VL) apparently has received bids
for both the entire company and individual parts, according to Merrill
Lynch's Len Teitelbaum. The troubled pickle maker has been on the block since
March. Teitelbaum says a deadline of Feb. 28 has been set by the banks
involved. He estimates stockholders could reap proceeds of 89 cents to $1.00
a share at the completion of a sale. Teitelbaum is convinced that "the main
objective of (Vlasic's) management now is to make the bondholder whole." As a
result, the analyst no longer maintains an investment opinion on the stock.
(VL)
1:00 (Dow Jones) Tech boutique Thomas Weisel Partners reiterated its buy
rating and raised its 2001 revenue projections for SonicWall (SNWL), to
$125.2 million from $106.4 million, saying the computer firewall maker's
acquisition of Phobos will boost market share in internal transaction
security as well as traditional firewall appliances. "Visibility and and
business momentum continue to be strong," said analyst Mark Edelen. (MER)
12:56 (Dow Jones) March Nasdaqs and S&Ps are incurring losses on
profit-taking, said floor traders, who were intrigued by their fall even when
it has become clear that Al Gore, whose defeat was seen as bullish for the
stock futures market, is reportedly going to concede. "There's no uncertainty
left in the market," quipped one floor trader. (ZHS)
12:40 (Dow Jones) Lehman opened up coverage on a passel of Internet
infrastructure service companies, with an outperform rating on Digex (DIGX),
Genuity (GENU) and InterNAP (INAP). Harry Blount is looking past current
turbulence in the stocks to a time of "powerful secular growth." The
companies, Blount says, "have among the most compelling business models of
any emerging growth sector in the stock market." Among the pluses he cites
are steady revenue, scalable business models and decreasing capital costs as
the companies reach critical mass.
12:21 (Dow Jones) Wounded Linux stocks rallying for second straight day after
IBM CEO Gerstner said Tuesday that Big Blue would invest $1 billion next year
commercializing the renegade operating system. After seeing their stocks drop
as much as 95% this year, Red Hat (RHAT), VA Linux, (LNUX) and Caldera (CALD)
are each up more than 20%. (MLP)
12:14 (Dow Jones) Stanley Furniture's (STLY) 4Q sales and earns warning comes
on same day that Commerce, in its retail sales report, said overall furniture
sales surged 1.5% in Nov. - biggest monthly jump in about a year. Maybe
coincidental, maybe a holiday phenom. But it's still interesting that sales
climbing amid clear signs of general earnings weakness in furniture business.
Stanley, a thinly traded stock, off 8% at 21.32. (GC)
12:10 (Dow Jones) Bond market issuance was down 25% during the first three
quarters of the year amid the Fed's interest rate hiking campaign, the Bond
Market Association says. Total issuance totaled $1.6 trillion through Sept.
to $15.6 trillion in outstanding debt. (MSD)
11:57 (Dow Jones) Veritas (VRTS) continues to feel pressure (shares down 6%)
amid concerns it will suffer from weakness in Sun Microsystems' (SUNW) server
business, which accounts for a chunk of its storage software sales. But
Merrill defends Veritas, saying it's on track to meet or exceed fourth
quarter targets and investors should use volatility to load up on Veritas.
(MLP)
11:51 (Dow Jones) A lot of news and bond friendly data today, but not any big
changes in sentiment. As tech names trade in negative territory, Treasurys
are holding a bid. But traders say flows are going both ways, suggesting that
a rebound in stocks will be enough to push Treasury prices back toward
unchanged on the day. (SV)


I'm sending this again.  It came back late today saying the delivery time had
lapsed.  Sorry you did not get it yesterday.

Alison Bailey
713-853-6778
---------------------- Forwarded by Mary Alison Bailey/HOU/ECT on 10/31/2000
04:24 PM ---------------------------

	Enron North America Corp.

	From:  Mary Alison Bailey                           10/30/2000 03:20 PM

To: Steven J Kean/NA/Enron@Enron, Mark Courtney/HOU/ECT@ECT, Traci
Warner/Enron Communications@Enron Communications, Scott Porter/HOU/EES@EES,
Bernie Barcio/Enron Communications@Enron Communications, Andrew
Wilson/Corp/Enron@ENRON, Bill Windle/Corp/Enron@Enron, Brian Spector/Enron
Communications@Enron Communications, Kate Fraser/HOU/ECT@ECT, Pushkar
Shahi/HOU/ECT@ECT, Waymon Votaw/NA/Enron@Enron, Patrick Wade/HOU/ECT@ECT,
David Dye/HOU/EES@EES, Jon Adler/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Greg
Characklis/HOU/AZURIX@AZURIX, William Kendrick/OTS/Enron@ENRON, Larry
Leib/Corp/Enron@Enron, Andrew Miles/NA/Enron@Enron, Stephen Stenhouse/Enron
Communications@Enron Communications, Trevor Randolph/Corp/Enron@ENRON,
Charles Varnell/NA/Enron@Enron, Doug Sewell/HOU/ECT@ECT, Alhamd
Alkhayat/NA/Enron@ENRON, Micha Makowsky/Enron Communications@Enron
Communications, Frank Bay/Enron Communications@Enron Communications, Jaime
Gualy/Enron Communications@Enron Communications, John Wilson/NA/Enron@ENRON,
John Walt/Corp/Enron@ENRON, Kelli Little/NA/Enron@Enron, Patrick
Wade/HOU/ECT@ECT, Michelle Juden/HOU/EES@EES, Aamir Maniar/NA/Enron@Enron,
Doug Sewell/HOU/ECT@ECT, Brian O'Rourke/Enron Communications@Enron
Communications, David Maskell/Enron Communications@Enron Communications,
Michelle D Cisneros/HOU/ECT@ECT, John Kiani/HOU/EES@EES,
Marilyn_baker@enron.net
cc:
Subject: RESULTS OF SUPER SATURDAY - RICE MBA

Please call or e-mail candidates who have received "offers".All of your hard
work paid off - you have a great list of "offers".  These students have all
been called and will receive a letter/packet by the end of the week.


Great job, Kevin.  Please send me a copy of the proposal and cover letter.

Was Panda able to adjust their timetable for today's telecon?
--------------------------
Sent from my BlackBerry Wireless Handheld (www.BlackBerry.net)


---------------------- Forwarded by David Forster/Corp/Enron on 01/08/2001
10:21 AM ---------------------------

	From:  Douglas S Friedman @ ECT                           01/08/2001 09:36 AM

To: David Forster/Corp/Enron@Enron
cc:

Subject: FORWARDING DOCUMENTS PRIOR TO REVIEW

Here are the latest versions.  You'd probably be most interested in Article 8
of the Master Agreement.

Doug
---------------------- Forwarded by Douglas S Friedman/HOU/ECT on 01/08/2001
09:34 AM ---------------------------

	From:  Douglas S Friedman                           01/05/2001 05:48 PM

To: Suresh Raghavan/Corp/Enron@Enron
cc:
Subject: FORWARDING DOCUMENTS PRIOR TO REVIEW

---------------------- Forwarded by Douglas S Friedman/HOU/ECT on 01/05/2001
05:46 PM ---------------------------

	From:  Douglas S Friedman                           01/05/2001 05:42 PM

To: mgiesler@envera.com, bpusey@envera.com
cc:
Subject: FORWARDING DOCUMENTS PRIOR TO REVIEW

Gentlemen:

Attached you will find "red-lined" versions of four documents: Master
Agreement, Members Agreement, and the Subscription Documents.  In the essence
of time, I am sending them your way prior to Enron internal review.  But,
this seems to be the only way you will have the opportunity to review them
prior to our Monday afternoon meeting.  Especially, treat the DealBench(tm)
related items in the Master as very preliminary as they were in fact put
forth by EGM with no DealBench review in the form contained therein.  As
such, they may require very significant redrafting.

Thank you,

Doug


FYI.
----- Forwarded by Jeff Dasovich/NA/Enron on 11/15/2000 10:38 AM -----

	"Daniel Douglass" <Douglass@ArterHadden.com>
	11/15/2000 10:29 AM

		 To: <Barbara_Klemstine@apsc.com>, <Bob_Anderson@apses.com>,
<dcazalet@apx.com>, <billr@calpine.com>, <jackp@calpine.com>,
<glwaas@calpx.com>, <Ken_Czarnecki@calpx.com>, <cabaker@duke-energy.com>,
<gavaughn@duke-energy.com>, <rjhickok@duke-energy.com>, <gtbl@dynegy.com>,
<KEWH@dynegy.com>, <jdasovic@enron.com>, <susan_j_mara@enron.com>,
<curt.Hatton@gen.pge.com>, <foothill@lmi.net>, <camiessn@newwestenergy.com>,
<jcgardin@newwestenergy.com>, <rsnichol@newwestenergy.com>,
<rllamkin@seiworldwide.com>, <cfi1@tca-us.com>, <Roger.Pelote@Williams.com>
		 cc:
		 Subject: Fwd: administrative subpoena to WPTF from the Attorney General

Attached is a copy of the subpoena sent to WPTF by the AG's office.
?
Dan
*******************************************************
Date: Sun, 12 Nov 2000 12:30:46 -0800
From: "Richard Rochman" <ROCHMAR@hdcdojnet.state.ca.us>
To: douglass@arterhadden.com
Subject: administrative subpoena to WPTF from the Attorney General
MIME-Version: 1.0
X-WSS-ID: 16102199361214-01-01
Content-Type: multipart/mixed;  boundary="=_B7EC8E15.52335EC2"

Here is an electronic version of the administrative subpoena to the WPTF,
along with the cover letter.  Both are in WordPerfect 8.  These materials
will also be served by mail.  I apologize for the telephone tag, but my
schedule has regularly taken me out of the office.  -Rich

 - WptfCoverLetterAdSubpoena.wpd
 - wptfsubpoena.wpd


Howard,

The Park  and Ride deals should be booked to a transport contract.  Desk to
desk deals should be on the transport contract also.

D

Howard B Camp
01/27/2000 10:17 AM
To: Daren J Farmer/HOU/ECT@ECT
cc: Charlotte Hawkins/HOU/ECT@ECT, Anita Luong/HOU/ECT@ECT, Howard B
Camp/HOU/ECT@ECT, Rhonda Robinson/HOU/ECT@ECT
Subject: UA4

Daren,
Just a quick note to follow up on UA4 issues.

For desk to desk deals, we are keeping the entry on co 89 since there is not
a Co 16 contract with Co 16 and attaching an ECT transport contract to the
backscreen.

On Park and ride deals, I am under the impression that the Park and ride deal
would be booked to an 089 contract and cleared either intra month or in a
subsequent month.
If this is true, was it done by reversing out or offsetting the previous Co
89 entry.  I am not sure whether an ECT transport should be attached.  I hope
you have some insight on this issue.

Let me know
HC


-----Original Message-----
From: 	Conwell, Wendy
Sent:	Monday, November 19, 2001 3:07 PM
To:	Cook, Mary; Leite, Francisco Pinto; Bailey, Susan; Heard, Marie; Panus, Stephanie
Cc:	Davies, Derek; Bradford, William S.; Brown, Kortney; Ngo, Tracy; Radous, Paul; Rance, Susan; Sacks, Edward
Subject:	**HIGH PRIORITY** AltaGas Services Inc. CW for ISDA

Please be advised the attached credit worksheet for AltaGas Services should be put on the High Priority List as their is a potential deal pending with Derek Davies in Calgary.  Please forward draft ISDA with credit terms to Derek Davies for further handling as soon as possible.  Call with questions or comments.

Thanks
Wendy


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 03/06/2001
08:20 AM ---------------------------

Shirley Crenshaw
03/06/2001 07:45 AM
To: bobb.supertravel@wspan.com, audrau@yahoo.com, Memaw1995@aol.com,
Kathy.Crenshaw@inteq.com @ Enron, Kayla Crenshaw/Enron Communications@Enron
Communications, Anita DuPont/NA/Enron@ENRON, IMYoars@aol.com, Vince J
Kaminski/HOU/ECT@ECT, kip.wia@alpha1.net, Kelly Summers/HOU/ECT@ECT,
hmel5345@aol.com
cc:
Subject: Fw: George Cheated

Subject: George Cheated

Neither the Republican presidential candidate, nor
the Democratic presidential candidate had enough
votes to win the election. Therefore, it was decided
that there should be an ice-fishing contest between
the two candidates to determine the final winner.

There was much talk about ballot recounting, court
challenges, etc., but a weeklong ice-fishing competition
seemed the fairest way to settle things.  The candidate
that catches the most fish at the end of the week wins.
After a lot of back and forth discussion, it was decided
that the contest would take place on a remote and cold
lake in Minnesota.  There were to be no observers present
since both men were to be sent out on this remote lake and
return daily with their catch for counting and verification.

At the end of the first day, George W. Bush returns to the
starting line and he has 10 fish. Soon, Al Gore returns and
has zero fish. Well, everyone assumes Al is just having
another bad hair day or something and hopefully he will
catch up the next day.

At the end of the 2nd day, George W. comes in with 20 fish
and Al Gore comes in again with none. That evening, Bill
Clinton gets together secretly with Al Gore and says; "Al,
I think George W. is cheatin'.  I'ma gonna dress this good
ole' Southern Boy, James Carville, up in a costume and send
him out on the lake to act as a spy".

The next night (after George W. comes back with 50 fish and
Al Gore with none), Bill gets Carville and Al Gore together
and says to Carville: "Well, what about it boy, is George W.
cheatin'?" "  He sure is, Bill, he's cuttin' holes in the ice!"


I hadn't heard from you in a while - just wondered how you were.


Hi Robin,

Here are the TXT files.

Can you tell me if there are problems and where they are located. Is the
source of the trouble between the sb Houston Tab and the TempRevised Tab (The
source of the TXT files.)? I have checked the links and corrected one since
yesterday.

Thanks,
 Brian.


Paul
How about meeting at 11:30 or 12? I am in the office so give me a call.

CD 3-1663


Dear Shelley,

What an exciting story!  I am sure that you are anxiously awaiting being reunited with Alina.  I know that the bureaucracy for an international adoption can be quite extensive.  We had some good friends who adopted a little girl from an orphanage here in Almaty and they worked really hard to be able to do so.  I hope that the procedure will come to a closure soon so that you can come to bring her home with you!

I was, indeed, able to travel back to Kazakhstan last month without any significant problems.  I was on the first BA flight Houston-London after the attacks, so the lines were huge, but there was no problem with the flights themselves or with security.  It just took more airport time.

In Kazakhstan, the situation is currently peaceful.  The government here seems concerned with protecting its borders and American interests.  We are in contact with the American embassy here, and have made contingency plans in case the situation deteriorates, but we feel fine about remaining here at this time.

Please let me know if you have any specific questions.

Sincerely,

Catherine


Yes.  Contact either Gia or John and get the ball rolling.  Thanks

Michael Terraso
08/18/2000 04:20 PM
To: Steven Kean
cc: Maureen McVicker

Subject: PLEASE READ & RESPOND

Steve, I received this note from Jeff Keeler who is on the government affairs
distribution list.  Would you also want the EHS groups to work with Gia or
John in developing value added documentation for this year's budget process?
Mike
---------------------- Forwarded by Michael Terraso/OTS/Enron on 08/18/2000
04:14 PM ---------------------------

	From:  Jeffrey Keeler                           08/18/2000 02:42 PM

To: Michael Terraso/OTS/Enron@ENRON
cc: Stacey Bolton/HOU/EES@EES, Mary Schoen/NA/Enron@Enron

Subject: PLEASE READ & RESPOND

Mike:   here is a message from Steve Kean that is very relevant to the part
of our call the other day in which we discussed the need to determine what
EHS' (or Environmental Strategies') role should be in communicating with JIm
Steffes' group and documenting the value we add.   I will talk to Jim, but I
am planning to have my group provide this information and meet the deadline
in this memo.   You may want to inquire with Steve as to whether others in
EHS should participate as well.

Jeff
---------------------- Forwarded by Jeffrey Keeler/Corp/Enron on 08/18/2000
03:39 PM ---------------------------

Steven J Kean@EES
08/18/2000 02:39 PM
Sent by: Maureen McVicker@EES
To: Govt Affairs (w/Assts), Mark Palmer/Corp/Enron@ENRON, Karen
Denne/Corp/Enron@ENRON
cc:

Subject: PLEASE READ & RESPOND

Dear Colleagues,

On numerous occasions this past year, Enron Government Affairs (EGA) support
provided to commercial groups resulted in substantial increases in project
economics and enhanced the overall value of many deals. The Regulatory Risk
Analytics group has been tasked to help you quantify EGA,s portion of this
value added over the past year. For budgetary reasons, it is critical for
every EGA member to participate in this exercise and document his/her share
of significant value added.  Please contact Gia Maisashvili or John Neslage
to discuss the  methodology for determining EGA,s value added as soon as
possible.   The contact information for Gia is (713)  853-4346, and for John
its (713) 853-6827.

The dead line for this effort is Friday,  September 1st

Thank you for your cooperation


you can open it and hold it.  I know what it is.

Gloria Cruz
10/25/2000 02:03 PM
To: Kay Mann/Corp/Enron@Enron
cc:

Subject:

Kay, there is a FedEx from Ken Sevigny (ENSR Consulting & Engineering, 35
Nagog Park, Acton, MD).  Let me know if you want me to open it and advise you
as to what it is or if it can hold until tomorrow when you come in.


-----Original Message-----
From: 	ENE-NS03/Enron@ENRON   On Behalf Of Derryl Cleaveland.@ENRON
Sent:	Thursday, October 25, 2001 6:07 PM
To:	All Enron Worldwide@ENRON
Subject:	Enron Net Works and Enron Global Strategic Sourcing announce new procedure for using 800-97-Enron telephone number

As you know, Enron Net Works (ENW) and Enron Global Strategic Sourcing (GSS) recently executed a two-year agreement, whereby MCI WorldCom would serve as Enron's primary telecommunications provider.  In our previous communication, we indicated that we would provide you with more detailed information as it became available.

Beginning Friday, October 26, 2001 at 9 a.m. C.S.T, the procedure for calling Enron's Houston offices from international locations, excluding Canada, using the 800-97-Enron phone number will change.  The new procedure is as follows:

1.	Please dial the WorldPhone International Access number for the country where you are located (country access code), which is available on the attached wallet card, accessible through the following link:  http://home.enron.com:84/messaging/mciannouncement.doc.
2.	You will then be prompted for your PIN number.  Since calling cards and pin numbers are not required to use this service, all users should respond by dialing 1-800-97-ENRON or 1-800-973-6766.
3.	You will then be asked to enter your destination.  Please dial 0-800-97-Enron (800-973-6766) to reach Enron's corporate offices in Houston.

This procedure can only be used to call 800-97-Enron from WorldPhone International locations.  If you are calling from the U. S. or Canada, please continue to dial 1-800-97-ENRON.

If you have questions regarding commercial aspects of this agreement, please feel free to contact Tom Moore, GSS senior contract manager at 713-345-5552.  For technical issues, please contact Hasan Imam, ENW IT manager at 713-345-8525.


Thanks.  I do not have a copy of the agreement on disk.  This is also a
critical path item for the project based on delivery time quoted. Talk to
you next week.

Ken Krisa

-----Original Message-----
From: Gerald.Nemec@enron.com [mailto:Gerald.Nemec@enron.com]
Sent: Friday, April 06, 2001 12:53 PM
To: kckrisa@apex2000.net
Subject: Re: Compressor Rental Agreement

Ken,  I have read through the agreement.  I think this agreement need some
fairly significant revisions.  It is extremely one-sided as currently
written.  I will write up my comments and get those to you early next week.

                    "Ken"
                    <kckrisa@apex        To:     "Gerald R. Nemec
\(E-mail\)" <Gerald.Nemec@enron.com>
                    2000.net>            cc:
                                         Subject:     Compressor Rental
Agreement
                    04/06/2001
                    11:22 AM
                    Please
                    respond to
                    kckrisa

Gerald,

Have you had a chance to look at the Compressor Rental Agreement for the
Badger Wash Gas Plant?

Ken Krisa


The following is an update, including several additions to DealBench.

1.  The Purchase and Sale Agreement ("PSA") for each asset has now been
posted to DealBench under the New Document section.  Please review the
instructions attached to each PSA.

2. The Management Presentations (with audio) have now been posted to
DealBench under the Management Presentations section.  When attempting to
view the presentation, please log onto DealBench using Microsoft Explorer.
Once in DealBench, you will most likely need to download "Flash Player" (free
download).  You can do this by clicking "Macromedia Flash Player download
center in the Linked Documents section of DealBench.  The download usually
takes less than 30 seconds.  After the download, return to the Management
Presentation section of DealBench and click on the Management Presentation
(with audio).   A power point presentation has also been included in the
Management Presentation section of DealBench.   A detailed instruction guide
"Instruction for Viewing Management Presentation" has been posted in New
Document section of DealBench.

3.  Please be sure to consistently review the New Documents section on
DealBench for any new documents that have been added to DealBench.  Also, a
running black line Due Diligence Index is posted in the Due Diligence Index /
Plant Pictures section of DealBench.

4. Any drawings or CDs that you need from the Due Diligence Indices may be
requested by sending an email to don.miller@enron.com or jhoff2@enron.com.

5.  Any problems or issues that you may be encountering may be directed to
Jinsung Myung at 713-853-7330.

6.  We are prepared to schedule Q&A sessions.  Please contact Don Miller at
713-853-0492.

Regards,

Don Miller


Attached is a spread sheet that can be used to calculate our exposure for the
month of MAY.

Notes:

I do not have Yazoo's load so I used 80% of Clarksdale as a proxy.

I created a energy model that used a 10.5 heat rate and $5.20 gas.

The SEPA energy was not included and no cost for startups.

Looks like worst case we would be exposed for roughly One Million for May.

I can refine the model more if required.


At the request of Mike Bridges, I am attaching our proposed form of
Non-Disclosure Agreement.   If the enclosed meets with your approval, please
execute the agreement and return it to me via fax no. (713) 646-3490.  I will
then have it executed by Enron.  If you have any comments or questions please
do not hesitate to call me at (713) 853-3399, or Mark Greenberg, Senior
Counsel, at (713) 345-8897.  We look forward to hearing from you.


Jim-

I am the director over the North and South American remote sites.  My team is directly and indirectly involved in backups of voice and data for these sites.  Is there someone I should be working with to determine what to do at these sites ?

Thanks
Bruce

 -----Original Message-----
From: 	Enron Announcements/Corp/Enron@ENRON   On Behalf Of Jim Derrick@ENRON
Sent:	Thursday, October 25, 2001 11:55 PM
To:	All Enron Worldwide@ENRON
Subject:	Important Announcement Regarding Document Preservation

As you know, Enron, its directors, and certain current and former officers are defendants in litigation in Federal and State court involving the LJM partnerships.

Enron has employed counsel and they will represent Enron and its interests in the litigation.

Under the Private Securities Litigation Reform Act, we are required to preserve documents that might be used in the litigation.

Accordingly, our normal document destruction policies are suspended immediately and shall remain suspended until further notice.

Please retain all documents (which include handwritten notes, recordings, e-mails, and any other method of information recording) that in any way relate to the Company's related party transactions with LJM 1 and LJM 2, including, but not limited to, the formation of these partnerships, any transactions or discussions with the partnerships or its agents, and Enron's accounting for these transactions.

You should know that this document preservation requirement is a requirement of Federal law and you could be individually liable for civil and criminal penalties if you fail to follow these instructions.

You should know that Enron will defend these lawsuits vigorously.  In the meantime, you should not discuss matters related to the lawsuits with anyone other than the appropriate persons at Enron and its counsel.

If you have any questions, please contact Jim Derrick at 713-853-5550.


Breaking News from ABCNEWS.com

Reports: Taliban to Surrender Kunduz

http://www.abcnews.go.com/

ABCNEWS.com:  Up to the Moment, Up to You (tm)
http://abcnews.go.com
---
You received this mail because you subscribed via ABCNEWS.com. If you would like to stop receiving these mailings, log into our mailcenter at http://login.mailpref.go.com/unsubscribe .

Please do not respond to this mail. Questions or comments can be submitted at
http://abcnews.go.com/service/help/abccontact.html


You might be interested in the attached articles.
---------------------- Forwarded by Carolyn Green/HOU/AZURIX on 02/09/2000
04:38 PM ---------------------------

Carolyn Green on 02/09/2000 01:24:24 PM
To: John Wodraska/HOU/AZURIX@AZURIX, Sandra McCubbin/SFO/EES@EES
cc:

Subject: Primary Pits Money Against Local Appeal- LA Times 020700

For your amazement & amusement!
---------------------- Forwarded by Carolyn Green/HOU/AZURIX on 02/09/2000
01:24 PM ---------------------------

"Steven Lipman" <stevenlipman@earthlink.net> on 02/07/2000 11:02:06 AM

To:	"Pete Parsons" <pparsons@harc.edu>, "Jan McFarland"
<jmcfarland@worldnet.att.net>, Carolyn Green@AZURIX@ENRON, "Jill Halverson"
<jhalver333@aol.com>
cc:

Subject:	Primary Pits Money Against Local Appeal- LA Times 020700

Knowing of the growing interest around the country on the "Big Hat's" race in
the March 7 Democratic primary for the 41st California Assembly District,
Steven Lipman Consulting [a full-service, but not yet for profit company] is
committed to keeping you informed! Here's the link to an article in today's
LA Times. Enjoy!

 http://www.latimes.com/news/politics/natpol/20000207/t000012305.html

 - att1.htm
 - Primary Pits Money Against Local Appeal.url


Joe,

Since you asked for my input on the ring, I have given it some more
thought.  Perhaps it would be best if you just gave her things back and
start over.  Twelve thousand, although a lot of money, is a small price to
pay for your freedom.  I know you mentioned that you couldn't get home for
the holiday.  What days are you working?

On another note, you will be happy to know that you have left your mark on
me.  Although I haven't joined the pro golf circuit, I have developed an
appreciation for good sushi!

Hope all is well.  Have a great day!

Christine

**********NOTE**********
The information contained in this email message is intended only
for use of the individual or entity named above.  If the reader
of this message is not the intended recipient, or the employee or
agent responsible to deliver it to the intended recipient, you
are hereby notified that any dissemination, distribution or
copying of this communication is strictly prohibited.  If you
have received this communication in error, please immediately
notify us by telephone (713-546-5000), and destroy the original
message. Thank you.


Heather / Jeff:

Thanks for a copy of the draft PPA. I've addressed this to both of you as
some of my questions are based on the interaction of the PPA vs. development
timeline and risk. Here are my thoughts / comments:

1. The PPA is really a free option through Nov. 30th, at which time we can
choose to exercise our position and proceed. How does this fit with our
expectations regarding PUC approval of our CPCN (which seems to be our
highest risk development item)? Have we gone back and submitted a
modification to our CPCN for the 2- LM6000, and 1- SW501D5A config?

2. Do we need to define the Facility as "dual" fuel? It will not initially be
dual fuelled as we intend to field engineer the dual fuel capability.

3. Section 3.1 (c). This provision should acknowledge our right to sell base
Contract Capacity (as opposed to excess) to any Person to the extent that
VEPCO has not exercised their option to purchase such Contract Capacity. In
other words, this section should be consistent with sales allowances to other
Persons in Section 3.4 (b) (although that section only references energy
sales).

4. Section 3.4. Can we sell both day ahead energy and capacity to any Person
to the extent VEPCO does not exercise their call by providing us the notice
contemplated in Section 3.4 (b) (the section only references an allowance for
energy sales)?

5. Section 3.4(c) Do the "additional costs" which this section requires Buyer
to pay (to the extent Buyer provides an intra-day notice) include
"lost-profit" costs arising from sales of energy and capacity by Seller to
other Persons as permitted in Section 3.4 (b)? If so, I would suggest that
this section make a specific reference, such as "including any and all of
Seller's lost-profit and transaction costs associated with energy and
capacity sales to other Persons".

6. Do we have a project LLC formed which can serve as the entity signing the
PPA? Do we think VEPCO will ask for any corp. or ENA guarantees to the extent
we use an LLC?

 7. Have we worked with the accountants to make sure we can use MTM
accounting given the terms of this PPA?

Jeff: Please provide a brief development summary to the group outlining (in
order of highest risk to lowest) the various significant development items
we'll need to deal with for this site (i.e. zoning, groundwater supply vs.
municipal water supply, etc.). It would be helpful if you would use the
project development control matrix.

Please let me know if you have any questions.

Regards,

Ben


If you would like to sharpen your performance evaluation writting skills or
your interviewing skills please read below.

The following classes are being offered on an "invitation only" basis.

Giving effective feedback will be offered on January 10th and 16th in room
EB49C1.
Focused Interview Training will be offered on January 17th  in room EB 49C1.

Both classes are from 11:30 AM to 1:00 PM.

To register for these offerings, click on the provided link.  Once in the
devolpment center data base, click on the session you wish to attend and
submit your registration.   Hurry, space for these trainings is limited.

This is the link----------->

Focused Interview Training Class Description:

This class will address the role of the interviewer in the implementation of
the Focused Interview.  Topics to be covered include:

Steps for preparation
Setting expectations
Conducting a Focused Interview
Using the Focused Interview Tool
Legal and ethical consideration
The role of Competencies in your final evaluation

Discussion will be encouraged to ensure transfer of information.

Participants will be given handouts including:
the Focused Interview Tool
the Interviewer's Guide
Course outline

Course length: 90 minutes
Intended Audience: Interviewer's of all levels

Giving Effective Feedback

This brown bag session will highlight the aspects of effective written and
verbal feedback associated with employee performance.  Topics to be covered
include:

Why focused feedback is important

How to give focused feedback

The practice of giving focused feedback

Participants will be given opportunities to share past feedback experiences.
Exercises will be offered to facilitate the transfer of learning.

Participants will be given handouts including:
Course outline
The Focused Feedback Guide

Course length:  90 minutes
Intended Audience:  supervisor's of all levels


I would like for you to get 3 or 4 bids for the Iroq Zone 2 capacity.  And later, I may ask you to get bids for the Iroq/Tenn capacity.

 -----Original Message-----
From: 	Barbe, Robin
Sent:	Tuesday, February 12, 2002 8:44 AM
To:	Germany, Chris
Subject:	RE: Iroq capacity

	what is my role in this?

 -----Original Message-----
From: 	Germany, Chris
Sent:	Wednesday, February 06, 2002 4:20 PM
To:	Barbe, Robin
Cc:	Concannon, Ruth; Garza, Maria
Subject:	Iroq capacity

Following are the contract terms for Iroquois and Tennessee.  I am more interested in getting numbers on Iroq contract 1250-05.  I believe we should not consider releasing the capacity for any term less than a year.

Pipeline			Iroquois
ENA Contract		125005
Rate Schedule		RTS12
MDQ			2,017
Receipt Point		Waddington
Delivery Point		South Commack
Beginning Term		3/1/2002
Ending Term		10/31/2006

Pipeline			Iroquois
ENA Contract		125008
Rate Schedule		RTS1
MDQ			35,465
Receipt Point		Waddington
Delivery Point		Tennessee Wright
Beginning Term		3/1/2002
Ending Term		3/31/2007

Pipeline			Tennessee
ENA Contract		29667
Rate Schedule		Net 284
MDQ			35,000
Receipt Point		Wright #012181  -      35,000 MDQ
Delivery Point		Clinton #020110  -        1,000 MDQ
Delivery Point		Leominster #020111  -  1,000 MDQ
Delivery Point		Revere #020116  -      11,200 MDQ
Delivery Point		Spencer #020191  -     1,800 MDQ
Delivery Point		Mendon #020285  -    20,000 MDQ
Beginning Term		3/1/2002
Ending Term		3/31/2001


-----Original Message-----
From: 	"pj" <pj@austingrp.com>@ENRON
Sent:	Thursday, December 06, 2001 9:23 AM
To:	Jennifer Beard
Subject:	TAGE

As most of you already know, Tuesday I transmiited a virus to everyone in my
address book. I want to apologize for this mishap and hope that it has not
caused any major problems. Have a great Holiday Season and feel free to drop
me a line.

Paul Johnson
President- TAGE
Ofc (281) 600-8145
Mbl (281) 814-3886

Visit our Website
http://www.austingrp.com

 - Paul Johnson.vcf


Ben:
I talked with Thomas Suffield and he wants Miguel Vasquez to run the numbers
on the Florida model., since they have been running numbers on the Plano
model for a little while now.  I walked Miguel through what I had done and
how they should look at running the model, based on what Thomas found out and
what you have said in the past.  I also gave them the numbers that the desk
has given based on the simple cycle case (5 year number) and combine-cycle
case (5 year number).  From this they have modeled and graphed these
different scenarios.  I also worked on getting a bid and ask from the desk,
but you may need to talk to Berney because they are not giving out the ask at
this time.
Hope this helps and please give me a call if you have any questions. Thanks
Ben
3-7998


Becky,

I recently requested historical flow information from Questar pipeline.  In their response they indicated that they will only provide flows for the one or two locations for which Enron has capacity allocations.  Chris Gaskill indicated that you would be able to comment on whether this is consistent with the FERC 637 reporting requirements.  We wish to aquire historical flows for all metered points currently reported daily on Questars website (only 30 days history is available on their system) from June 1, 2000 to March 1, 2001.  I have attached my original request and Questar's response.  Feel free to call with questions (3-0472).  Thank you in advance.

Mathew Smith

Gerry,

Per our conversation, I am requesting historical scheduled (final cycle) quantities for Questar Pipeline meter points.  Questar previously provided flows up to June of 2000.  We are now requesting from June 1, 2000 to March 1, 2001.  I would prefer the information be emailed to me.  Otherwise the postal address is:  Rm#3299E, 1400 Smith St., Houston, TX 77002.  Please feel free to contact me with any questions at 713-853-0472.  Thank you.

Mathew Smith

 -----Original Message-----
From: 	"Lori Creer" <LoriC@questar.com>@ENRON [mailto:IMCEANOTES-+22Lori+20Creer+22+20+3CLoriC+40questar+2Ecom+3E+40ENRON@ENRON.com]
Sent:	Wednesday, May 16, 2001 5:31 PM
To:	Smith, Matt
Subject:	RE: Questar Historicals

Matt,
   It looks like Enron has only one active contract on QPC.  That is a release capacity contract from Chalk Creek to the Wasatch Front.  I can provide daily data on that point for the period during which the contract is effective if you would like.

Because we do not offer the other data you  have requested to all shippers on the pipeline, I can not respond fully to your request for historical data on all or most points on the pipeline.

Once again I would suggest that you refer to our website (www.questarpipeline.com) to begin gathering the information you need from this point forward.  I would be happy to answer any questions  you may have regarding data posted on the web site

Lori W. Creer
Supervisor Gas Measurement & Allocations
Questar Regulated Services
loric@questar.com
ph (801) 324-5349
fax (801) 324-5612


CANCELLED......


----- Forwarded by Jeff Dasovich/NA/Enron on 03/14/2001 04:53 PM -----

	Jean Munoz <jmunoz@mcnallytemple.com>
	03/14/2001 03:44 PM

		 To: Katie Kaplan <kaplan@iepa.com>, "'Andy Brown (E-mail)'"
<ABB@eslawfirm.com>, "'B Brown Andy (E-mail)'" <andybrwn@earthlink.net>,
"'Baker Carolyn (E-mail)'" <cabaker@duke-energy.com>, "'Bob Escalante
(E-mail)'" <rescalante@riobravo-gm.com>, "'Bob Weisenmiller (E-mail)'"
<rbw@mrwassoc.com>, "'Curtis Kebler (E-mail)'"
<curtis_l_kebler@reliantenergy.com>, "'Douglas Kerner (E-mail)'"
<DKK@eslawfirm.com>, "'Greg Blue (E-mail)'" <gtbl@dynegy.com>, "'Jan
Smutny-Jones (E-mail)'" <smutny@iepa.com>, "'Jeff Dasovich (E-mail)'"
<Jeff.Dasovich@enron.com>, "'Joe Ronan (E-mail)'" <joer@calpine.com>, "'John
Larrea (E-mail)'" <john.g.larrea@williams.com>, "'John Stout (E-mail)'"
<John_H_Stout@reliantenergy.com>, "'Julee Malinowski-Ball (E-mail)'"
<jmball@ns.net>, "'Kassandra Gough (E-mail)'" <kgough@calpine.com>, "'kent
Palmerton (E-mail)'" <kent.palmerton@williams.com>, "'Kristin Vellandi
(E-mail)'" <kvellandi@pstrategies.com>, "'Lynn Lednicky (E-mail)'"
<lale@dynegy.com>, "'Marty Wilson (E-mail)'" <mwilson@pstrategies.com>,
"'McNally Ray (E-mail)'" <rmcnally@mcnallytemple.com>, "''Nam Nguyen'
(E-mail)'" <nam.nguyen@powersrc.com>, "'Norton Kelli (E-mail)'"
<knorton@mcnallytemple.com>, "'Paula Hall-Collins (E-mail)'"
<paula.hall-collins@williams.com>, "'Pigott Jack (E-mail)'"
<jackp@calpine.com>, "'Richard Hyde (E-mail)'" <rwhyde@duke-energy.com>,
"'Rob Lamkin (E-mail)'" <rllamkin@seiworldwide.com>, "'Roger Pelote
(E-mail)'" <roger.pelote@williams.com>, "'Stephanie-Newell (E-mail)'"
<stephanie-newell@reliantenergy.com>, "'Sue Mara (E-mail)'"
<smara@enron.com>, "'Theo Pahos (E-mail)'" <tpahos@ppallc.com>, "'Tom Ross
(E-mail)'" <tross@mcnallytemple.com>, "Carol H Hudson (E-mail)"
<Chudson@iepa.com>, steven kelly <steven@iepa.com>, "'Anne Kelly (E-mail)'"
<kelly@hnks.com>, "'Chuck Cole (E-mail)'" <ccole@advocation-inc.com>,
"'Delany Hunter (E-mail)'" <dhunter@smithandkempton.com>, "'DJ Smith
(E-mail)'" <djsmith@smithandkempton.com>, "'Hedy Govenar (E-mail)'"
<hgovenar@acom2.com>, <mmoretti@mccabeandcompany.net>, "'Maureen OHaren
(E-mail)'" <Oharen@hmot.com>, "'Mike Monagan (E-mail)'" <mrmonagan@aol.com>,
"'Phil Isenberg (E-mail)'" <isenberg@hmot.com>, "'Robert Ross (E-mail)'"
<robbiz@cwo.com>, "'Ron Tom (E-mail)'" <Rtom@govadv.com>, "'Scott Govenar
(E-mail)'" <sgovenar@govadv.com>, "'Susan Mccabe (E-mail)'"
<sfmccabe@mindspring.com>, <rtemple@mcnallytemple.com>,
<megan.beiser@edelman.com>, <tracy.fairchild@edelman.com>,
<deborah.fiorito@dynegy.com>, <tcwillia@duke-energy.com>, <mstultz@epsa.org>,
<lchurch@epsa.org>
		 cc:
		 Subject: IEP responds to Burton/Dunn investigation on market manipulation

As you know, ?Senator Burton held a press conference announcing Joe Dunn
chair of new senate committee to investigate energy market manipulation in
the wholesale energy market. ?Other members serving on the committee include:
?Debra Bowen, Martha Escutia, Maurice Johannessen, Sheila Kuehl, Bill Morrow
and Byron Sher.

The Committee's information gathering activities will begin immediately, and
the first hearing of the committee is planned for the first week in April.
(press release attached)

IEP responded with the following statement, and Jan responded to TV, Radio
and Print media immediately following the news conference at the state
capitol.

Thanks,
Jean

--
Jean Munoz
McNally Temple Associates, Inc.
916-447-8186
916-447-6326 (fx)

______________________________________________________________________________
_____________
Contact: ?Jean Munoz
??????????????????????????????????????????????????????FOR IMMEDIATE RELEASE
????????????????916-447-8186
??????????????????????????????????????????????????March 14, 2001

Statement by Jan Smutny-Jones,
Executive Director of Independent Energy Producers,
in Response to State Senate Energy Probe

"We understand that it is the responsibility of the legislature to ensure
that California ratepayers are protected . and we will fully cooperate, as we
have with other investigations, because we have nothing to hide.

"We believe this investigation will find nothing except that power producers
have been working around-the-clock to help keep the lights on in California.
?In fact, there have already been several investigations by the Federal
Energy Regulatory Commission the Public Utilities Commission and the
California Independent System Operator . and they have found no evidence of
withholding or wrong doing.

"As we have continued to state: the industry does not condone business
practices that lead to unreasonable prices. ?It is our objective to help
create a stable regulatory environment in which robust retail markets can
flourish to protect ratepayers.

"This crisis can only be resolved if we all work together to find solutions
and stop pointing fingers, which only creates an unstable political and
regulatory environment which will do nothing to increase supply or reduce
demand in California.

"If this turns into, in fact, a @witch-hunt? against generators who have been
providing electricity to California for months despite being owed billions of
dollars, my only question is who in their right mind would come to California
and invest in building new power plants? ?This sends a dangerous and chilling
signal to not only power providers, but anyone doing business or planning to
do business in California."

# ????????# ???????#

 - Burton Press Release


DOWNLOAD FOR FREE NOW! CLICK THIS LINK !
http://www.casinoelegance.com/~12c5/english/index2.shtml

At Casino Elegance, you can WIN REAL MONEY playing Slots, Stud Poker,
Video Poker, Blackjack, Roulette and more. And as a first time player
you are practically guaranteed to win real money!

That's right -- for all new players, Casino Elegance has launched a
"You Can't Lose" Program. This program essentially guarantees that a
first-time player will win. How? It's easy. We give all new players
$30 of our money to play with. Any money you win is yours to keep.
Any money you lose is on the house.

To qualify, simply register and deposit $1 into your account. That's it! Just deposit $1, and you will get $31 to try Casino Elegance risk-free.

DOWNLOAD FOR FREE NOW! CLICK THIS LINK !
http://www.casinoelegance.com/~12c5/english/index2.shtml

<<<>>> <<<>>> <<<>>> <<<>>> <<<>>> <<<>>> <<<>>> <<<>>> <<<>>> <<<>>>
* To remove yourself from this mailing list, point your browser to:
http://i.pm0.net/remove?funnymoney:10
* Enter your email address (Andrew.H.Lewis@enron.com) in the field
provided and click "Unsubscribe". The mailing list ID is "funnymoney:10".

OR...

* Reply to this message with the word "remove" in the subject line.

This message was sent to address Andrew.H.Lewis@enron.com
X-PMG-Recipient: Andrew.H.Lewis@enron.com
<<<>>> <<<>>> <<<>>> <<<>>> <<<>>> <<<>>> <<<>>> <<<>>> <<<>>> <<<>>>

pmguid:1c.1go0.803w8


Would you please send me your bullets by the end of today (before we leave for the Cirque show).

Thanks, Kim.

 -----Original Message-----
From: 	Robertson, Audrey
Sent:	Thursday, January 24, 2002 8:49 AM
To:	Watson, Kimberly
Subject:	Bullet Items by 10:00a Tomorrow

Kim, Steve has a doctor's appt on tomorrow at noon.  I would like to have him review the bullets before he leaves at 11:00a.  Would you be able to forward the bullet items to me by 10:00a?

Thanks in advance,

adr

Audrey D. Robertson
Transwestern Pipeline Company
email address:  audrey.robertson@enron.com
(713) 853-5849
(713) 646-2551 Fax


There were several items in the mail pouch that you needed a response form me
on.  Here are the responses:

Marchris forwarded a request to attend a conference on Aug 19 and 20.  I
think the original invite when to Ken and Jeff.  I will attend, subject to
them getting some reasonable response rate from the commissioners they
invited and provided that I get a speaking or similar participation
opportunity.
SMU professor and student asking for Astros tickets - yes
CERA conference on July 10-12 in Scotland -- decline


Disregard my previous messageabout this case. Thanks for your assistance in this matter.

	Bonnie White/ENRON@enronXgate 06/07/2001 12:19 PM 	   To: Rob Cole/ENRON@enronXgate, Robert Vote/ENRON@enronXgate  cc: Richard B Sanders/HOU/ECT@ECT  Subject: Roger Atkinson v. Cogen, et al.; Roger Atkinson v. JEDI Linden and NEPCO.

This morning I received a copy of service of process that was served on Cogen Technologies Linden Venture in the Roger Atkinson matter.  Cogen Technologies Linden Venture had previously been served with a summons and complaint in the Atkinson matter in mid April.  I forwarded the matter to El Paso Energy Company, who had purchased ENA's interest in the Cogen companies effective late February 2001.  El Paso retained Ed Fanning of McCarter & English to represent Cogen's interests.  We have worked with Ed in other Cogen matters before, and I have found him to be both effective and efficient.  This matter relates to personal injuries allegedly suffered by Atkinson while working at a construction site at the Linden facility in December 2000.  David Waterson of El Paso recently called me concerning potential defense and indemnity obligations that El Paso believes NEPCO may owe Cogen with respect to this incident.  We will need to review NEPCO's contract with Cogen to determine if any such obligations exist.

The document that I received today is a Notice of Motion to Consolidate and to Compel Inspection.  This motion seeks to consolidate the Atkinson v. Cogen case with a case that was apparently also filed in New Jersey state court as Roger Atkinson v. JEDI Linden and NEPCO and to compel an inspection of the construction site where the accident allegedly occurred.  I have asked Becky Stephens whether we have received service of process on either JEDI Linden or NEPCO.  To date, we have not.  However, I expect that service of process is in the works, and I have asked Becky to be on the look out for it.  As this new suit also apparently concerns personal injury claims, I am forwarding a copy to both Rob and Bob, so that you can begin to process and investigate the claim in your usual manner.

Please let me know if there is any other information you need in order to begin our review for potential defense/indemnity to Cogen.  Thanks.

Bonnie J. White
Enron Litigation Unit
1400 Smith Street, Suite 4824
Houston, TX  77002
Ph:  713-853-7244
Fax: 713-853-6576
bonnie.white@enron.com


Hi Liz:

Vince has two expense reports pending for approval from Greg Whalley.

They are:  London Trip - 8,051.59
  Philadelphia (Wharton Business School) - 2,067.47

Please have Greg approve these as soon as possible.

The Wharton School will be cross-charged to Christie Patrick's cost center.
but for expediency in getting this paid it was submitted on our cost center.

Thanks!

Shirley


Gentlemen,

On Thursday, June 21st, Steve Lowden, Sr. VP Bus Dev with Marathon Oil, will be in our offices to discuss opportunities between Enron and Marathon (MRO).  He and I have discussed three main areas of intial focus (i) joint venture of MRO's production with Enron's trading/risk management capabilities, (ii) LNG, and (iii) power generation opportunities around their refineries.  He will also have two other people with him whose names have not yet been provided.  The agenda is outlined below.  I have coordinated with your assistants and these appointments should be on your calendar.

	11:00	Greg Whalley - Macro Discussion
	11:30	John Lavorato - Marketing/Trading Discussion
	12:00	Tim Detmering - Business Development, Asset Divestitures
	1:00	Les Webber - LNG Discussion
	1:30	Trading Floor Tour
	2:00	Dave Duran - Power Generation Discussion

With the exception of the meetings with Greg and John, the meetings will be held in EB 3335.  Briefing materials on MRO are being prepared and should be delivered to each of you no later than Tuesday morning. I will be happy to meet with you to discuss the materials or pursue any questions that may arise.  I have heard MRO's President, Clarence Cazelot, publicly describe Enron as a company to emulate. MRO is in transition as it is moving out from under the US Steel (USX) umbrella.  Cazelot and Lowden have been  interested in meeting with Enron.  Maybe there is an opportunity to do something with them.

Thanks,


In order to better align our engineering and operations capabilities with the
commercial businesses they support, we are pleased to announce the following
organizational change will be effective immediately.  A new business unit,
Enron Engineering and Operational Services (EEOS), is being formed which will
include our existing operations in Enron Engineering and Construction Company
(EE&CC), Operational Energy Corporation (OEC), and National Energy Production
Corporation (NEPCO).

Brian Stanley, as President and Chief Executive Officer, and Keith Dodson, as
Chief Operating Officer will provide the leadership for this new
organization, reporting to the Office of the Chairman of Enron Wholesale
Services.  NEPCO will continue to operate as a stand-alone business under
John Gillis, President.

With the majority of EE&CC and OEC,s activities focused on assets and
projects which are in Wholesale Services, this will better align the efforts
of EEOS with the commercial businesses it supports.  While EEOS will be a
stand-alone unit within Enron Wholesale Services it will work very closely
with and have direct accountability to the business units it supports.

This realignment also centralizes our engineering and operations capabilities
in a single business segment and should ensure that innovation and best
practices are shared and implemented across our many operations and will also
allow for better identification of priorities and more effective allocation
of resources to these projects.  Consistent with this approach, Development
Engineering will have dual reporting to both EEOS and the business units
which they support.

With an extensive and varied portfolio of assets around the world and a wide
variety of new development opportunities available to Enron, it is critical
that we continue to maintain the best in class capability to design,
construct, commission, and effectively manage and operate Enron,s assets on a
global basis.

This new global business unit should insure that we will continue to enhance
these demonstrated capabilities and provide us with a sustainable advantage
as we advance our business strategy around the world.

Please join us in congratulating Brian and Keith on their new assignments.

Mark Frevert & Dave Delainey


Start Date: 4/18/01; HourAhead hour: 16;  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\2001041816.txt

---- Energy Import/Export Schedule ----
$$$ Variance found in table tblINTCHG_IMPEXP.
     Details: (Hour: 16 / Preferred:   0.00 / Final:  12.00)
  TRANS_TYPE: FINAL
  SC_ID: ECTRT
  MKT_TYPE: 2
  TRANS_DATE: 4/18/01
  TIE_POINT: FCORNR_5_PSUEDO
  INTERCHG_ID: EPMI_CISO_MONKEY
  ENGY_TYPE: WHEEL
$$$ Variance found in table tblINTCHG_IMPEXP.
     Details: (Hour: 16 / Preferred:   0.00 / Final:  12.00)
  TRANS_TYPE: FINAL
  SC_ID: ECTRT
  MKT_TYPE: 2
  TRANS_DATE: 4/18/01
  TIE_POINT: SLVRPK_7_SPP
  INTERCHG_ID: EPMI_CISO_MONKEY
  ENGY_TYPE: WHEEL


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 05/07/2001
03:28 PM ---------------------------

ERisk <eRisks_news@email.eRisks.com> on 05/04/2001 11:30:41 AM
To: vkamins@enron.com
cc:
Subject: ERisk Essentials

ERISK ESSENTIALS --
What's New at ERisk.com, 4 May 2001

****************************************************
This week’s Essentials is brought to you by ERisk Analytics 1.0, the
first executive information system dedicated to strategic capital management.
Learn more about this comprehensive new software solution and how it delivers
enterprise risk management analytics that effectively link risk, capital and
shareholder value.
http://www.erisk.com/about/PressRoom/releases/about_pressreleases_043001.asp
****************************************************

WEEKLY REVIEW
http://www.erisk.com/news/weekly/news_weekly2001-05-04_01.asp
This week's economic, banking and P&C insurance news, from an enterprise risk
management perspective. Featuring exclusive coverage of this week’s
RIMS conference in Atlanta.

ANALYSIS
http://www.erisk.com/news/news_analyses.asp
? Who matters most - stakeholders or shareholders?
? Risk managers neglect overseas operations at their peril.
? Mobile banking is on the way - but will banks benefit from it?

BASLE RESOURCES
http://www.erisk.com/news/news_basle.asp
Now you can find all ERisk’s comprehensive coverage of the Basle II
proposals on bank capital adequacy in one place:
www.erisk.com/news/news_basle.asp. You’ll find all our recent coverage,
including features, event transcripts, news stories, interviews and analysis
along with links to other resources, regulatory summaries and rating agency
and industry association responses.

BASLE SPECIAL
http://www.erisk.com/news/news_features.asp
Continuing our special coverage of the proposed new regulatory capital rules,
we look at Basle’s approach to operational risk. Rob Jameson explores
the proposals to set a regulatory capital charge for op risk, and canvasses
industry opinion on how they might work in practice.

VIEWPOINT
http://www.erisk.com/news/news_viewpoint.asp
In this special Q&A, Ashish Dev of KeyBank talks to ERisk about what his bank
has discovered so far from its internal testing on the impact of the new
Basle proposals. It’s too early to say for sure, but many banks may not
find much reason to improve their risk management practices. You can find out
Dev's perspective on the Basle proposal in our iConference archive.

ERisk PRODUCT CATALOGUE
http://www.erisk.com/store/store_product.asp
ERisk’s comprehensive Product Catalogue is a one-stop shop giving full
details of the systems and services available to risk managers. From
Algorithmics to Zai*Net, we list the major software vendors, data providers
and consultancy firms; as well as details of where to find risk management
magazines, research reports, web glossaries, training courses and
certification programmes.

*****************************************************************
ERisk’s editorial team is always looking for opinions, article ideas or
anything else you think our 18,000+ users would find interesting. We welcome
your comments and suggestions

*****************************************************************

The ERisk Essentials is published every Friday by ERisk.com

To subscribe, please register on our website.
http://www.erisk.com/util/register.asp

To unsubscribe, access your account. Your username is the email address where
you received this message.
http://www.erisk.com/util/account.asp

To be reminded of your password, or reset it:
http://www.erisk.com/util/forgot_pwd.asp


We have conference room 6716 from 3:00 to 4:00 each day for OPS.  I have not inspected the room to see if it will accommodate our entire group.

Thanks,
Mike


FYI
---------------------- Forwarded by Susan Scott/ET&S/Enron on 01/26/2001
02:58 PM ---------------------------

"Caldwell, Charles" <ccaldwell@velaw.com> on 01/26/2001 02:26:18 PM
To: Energy Bar Association Houston Members
<IMCEAEX-_O=VINSON+20+26+20ELKINS_OU=VELAW_CN=RECIPIENTS_CN=Clients_cn=Energy+
20Bar+20Association+20Houston+20Members@velaw.com>
cc: "Scott, Susan (Energy Bar Association Member Houston)"
<susan.scott@enron.com>, "Tran, Dat (Energy Bar Association Member Houston)"
<dttran@duke-energy.com>

Subject: EBA-Houston Chapter Luncheon -- February 14, 2001 -- California E
nergy Crisis

 <<Houston_443501_1.DOC>>

Dear Energy Bar Association-Houston Chapter Member:

Attached is a notice of our first EBA Houston Chapter luncheon of 2001,
scheduled for Wednesday, February 14th.  We are pleased to have Brent
Bailey, General Counsel of Duke Energy North America, and Jeff Dasovich,
Director of Regulatory Affairs for Enron's California operations, joining us
to share their perspectives on the energy crisis in California.  This should
be an interesting and timely discussion.

Please print out and return the attached notice to confirm your seat for the
luncheon at the Hyatt Regency-Downtown.  The notice will be distributed by
mail as well.

See you there!

Charles F. Caldwell
Vinson & Elkins L.L.P.
2300 First City Tower
Houston, Texas 77002
Phone:  713-758-4518
Fax:     713-615-5087
Email:  ccaldwell@velaw.com

          ++++++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

 - Houston_443501_1.DOC


30 DAY INTERNATIONAL PRAYER VIGIL
----- Original Message -----
From: Teri Sandison
To: Teresa Cahill ; Sydney Salt ; Sherman Severin ; Sheila Foraker ; sergio@favors.org ; Raj Mohan ; Patt Scarboro ; Patricia Whitt ; Minnie Cancellaro ; Lobsang ; Liz Williams ; Jeanne Cervone ; Janet Stangvik ; Jack Isbell ; Irene Jacobs ; Dotty Hopkins ; Dorothy Lind ; David Lawrence ; Charlie Bloom ; Brother Armando ; Johanna Harding
Sent: Tuesday, September 18, 2001 10:06 AM
Subject: Fw: Will you join Marianne Williamson in a 30 day prayer vigil for the world?

Teri Sandison
----- Original Message -----
From: Church of Today
To: Today's Inspiration from The Church of Today
Sent: Monday, September 17, 2001 3:54 PM
Subject: Will you join Marianne Williamson in a 30 day prayer vigil for the world?

      30 DAY INTERNATIONAL PRAYER VIGIL
      TO BEGIN TUESDAY, SEPT. 18

      Please join with others of faith and spiritual intention around the world,  for a thirty day prayer vigil beginning Tuesday, Sept. 18 and continuing through Oct. 18.

      For five minutes each day, at noon on the East Coast of the United
      States, 9am West Coast, 5pm in London, 7pm in Cairo, etc. (more time zones  listed below), please pause for five minutes of sincere and silent prayer.

      Let us open ourselves to the wisdom and love of God, asking that His will be done for ourselves, for each other and for future generations.
      Amen.

            New York City 12:00 Noon
            Chicago 11:00 a.m.
            Los Angeles  9:00 a.m.
            London  5:00 p.m.
            Paris  6:00 p.m.
            Cairo/Beirut  7:00 p.m.
            Johannesburg/ Istanbul   7:00 p.m.
            Moscow  8:00 p.m.
            New Delhi 10:30 p.m.
            Beijing/Singapore   1:00 a.m.
            Tokyo  2:00 a.m.
            Sydney  3:00 a.m.
            Auckland  4:00 a.m.

      Dear God,
      May love replace all fear.
      May peace replace all violence.
      May You replace all else.
      Amen.

      Love,

      Marianne Williamson

      www.churchoftoday.com

If you have missed any of our recent emails, visit our archival newsgroup at: news://lists.churchoftoday.com

--- You are currently subscribed to affirmation as: shamballa11@earthlink.net To unsubscribe send a blank email to leave-affirmation-14535111K@lists.churchoftoday.com


Tana -

Consistent with our discussions and the feedback from Bob, attached is an
updated form of the BETA to be used for BrokerClient.  This form goes with
the form Fee Agreement I forwarded last week and should be used on all
BrokerClient deals going forward.

Thanks.

Mark
Senior Counsel, EWS
Phone:     713-345-8897
Facsimile: 713-646-3490
E-Mail:      Mark.Greenberg@enron.com


SALES AGT: EM/X96E4A

                                          THOLT/JANE
                                          EB 37TH FLOOR
                                          ETKT RECEIPT
  ENRON CORP

  DATE:  FEB 28 2001                   205505

SERVICE               DATE  FROM           TO             DEPART  ARRIVE

CONTINENTAL AIRLINES  15MAR HOUSTON TX     LAS VEGAS NV   111P    226P
CO 1426    K          THU   G.BUSH INTERCO MCCARRAN INTL
                            TERMINAL C     TERMINAL 1
                            SNACK                         NON STOP
                            RESERVATION CONFIRMED         3:15 DURATION
                  AIRCRAFT: BOEING 737-800
                            SEAT 14C NO SMOKING CONFIRMED THOLT/JANE(IDS5

HOTEL                 15MAR ALADDIN RESORT AND CASINO
                      16MAR 3667 LAS VEGAS BLVD SOUTH
                            LAS VEGAS, NV 89109
                            UNITED STATES OF AMERICA
                            TELEPHONE: 702 785-5555
                            FAX: 702 785-5557
                            TELEX: NONE
                            CONFIRMATION: 83761315
                            REFERENCE: A01A05
                            SINGLE ROOM
                            RATE: PRO USD 79.00 PER NIGHT
                            DEPOSIT GIVEN
                            RQST NON SMKG KING
             TO AVOID BILLING CANCEL 48HRS PRIOR TO ARRIVAL.

CONTINENTAL AIRLINES  16MAR LAS VEGAS NV   HOUSTON TX     710A    1213P
CO 1626    K          FRI   MCCARRAN INTL  G.BUSH INTERCO
                            TERMINAL 1     TERMINAL C
                            SNACK                         NON STOP
                            RESERVATION CONFIRMED         3:03 DURATION
                  AIRCRAFT: BOEING 757-200/300
                            SEAT 10C NO SMOKING CONFIRMED THOLT/JANE(IDS5
               THIS IS A NON-REFUNDABLE FARE THAT REQUIRES
               TRAVEL ON THESE SPECIFIC DATES AND FLIGHTS.
               ANY CHANGES WILL RESULT IN A PENALTY AND/OR
                         ADDITIONAL COLLECTION.
           **************************************************
         YOUR TICKET REFLECTS A NEGOTIATED DISCOUNT FROM THE TAP
              THE PUBLISHED FARE FOR THIS TICKET IS $508.50
           **************************************************

MISCELLANEOUS         14JUL HOUSTON TX
                      SAT   ** THANK YOU FOR USING THE TAP **

      AIR FARE 386.04       TAX 37.46           TOTAL USD         423.50
                                            AIR TOTAL USD         423.50

                                        INVOICE TOTAL USD         423.50

PAYMENT: CCAX378707908722006/0301/A000018

RESERVATION NUMBER(S)  CO/O8LG9H

THOLT/JANE  S5C0413R1073                 TICKET:CO/ETKT 005 7025287678

CO  FREQUENT FLYER COSC266224
*******************************************
INTL TVLRS: CARRY SOS WALLET CARD W/ENRON ASSISTANCE INFO
CALL SOS MEDICAL EMERGENCY:IN U.S 800 523-6586
*********************************************
THIS IS THE PASSENGER RECEIPT FOR YOUR ELECTRONIC TICKET.
PLEASE CHECK-IN WITH PHOTO IDENTIFICATION AND WITH
EITHER (1) THIS RECEIPT OR (2) YOUR CONFIRMATION NUMBER.
YOUR ETKT CONFIRMATION NUMBER IS: O8LG9H
*************************************************
ALL FARES ARE SUBJECT TO CHANGE UNTIL TICKETED/PURCHASED


Sally,
As you know, we have been working to find new ways to improve Unify Logistics
functions.  A major step has now been achieved by installing TIBCO and moving
it into production today.

 Utilizing TIBCO in conjunction with our other enhancements will enable
Logistics to obtain real time updates from both EOL and Sitara without having
to re-retrieve them from the database.  This will automatically update
Scheduler screens with new deals as it comes without action on their part and
also reduce required database access.  This has been achieved through great
team work between many groups including Logistics Schedulers, Unify IT
Logistics & ADE, UNIX and Network people.    Please let me know if you want
to know more details.   Thank you.


Ricki - I don't yet have answers back to many of the questions that I pitched to HR and Lynn and Donna are out -- so could you see about the possibility of moving our staff meeting to tomorrow afternoon?