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?	VentureWire
	Friday, June 01, 2001		?
?	CONTENTS| COMPANIES| INVESTORS| ADVERTISE| TELL A FRIEND	VentureWire Index
		'VentureWire
		today: 684.3 ? -0.32%	?
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		top stories

		 Optical Firm Solinet Systems Lands $93 Million Round Two
		 American Express Funds to Focus On Later Stage
		 BioTech Fund Forward Ventures Closes At $256 Million
		 Reuters Greenhouse II To Launch in June With New LPs

		TODAY'S FEATURES
		Boston Millennia Returns to Market
		By Taran Provost
		Boston Millennia Partners (BMP) is looking to speed up its pace of investing,
and has plans to expand its life sciences staff, a partner at the firm told
VentureWire.more>>
		UPCOMING EVENTS
		June 26-27: San Francisco
		Enterprise Outlook 2001
		Already this year there have been almost 250 enterprise software deals (only
50 less than the same period last year). A total of $2 billion has been
invested in this industry over the past 5 months. Activity in this sector
remains strong.Be sure to register for Enterprise Outlook so you too can stay
on top of the latest opportunities!

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		new money

		 Healthcare ASP DR2DR.com Raises $2.3 Million Series A
		 Lodging Service Provider HubX Gets $2 Million Series A
		 BigRecordPromoter Raises Round One
		 Biotech Firm ReVas Gets Seed Funds From Open Prairie
		 Redfern Photonics Raises $28 Million in Round Two
		 Element K Raises $18 Million in Series B Funding
		 Cardiac Monitoring Tech Firm CardioNet Raises $13.5 Million
		 Cyber-Ark Signs Up Orama For $2M Commitment in Second Round
		 Business Analysis Firm MetaEdge Gets $5 Million Series B
		 Optical Fiber Grating Firm Indigo Photonics Gets $5.7 M
		 eCommerce Industries Seals $21M Third Round
		 HRPath Raises $1.6 Million Series C
		 Rocket Network Receives $9.3 Million in Round Three
		 Greenwich Technology Partners Gets $9.75 Million Late Round
		 Hearing Device Firm InSonus Medical Has $7 Million Round Two

		bad news

		 Rich Media Distributor ElasticEdge Closes Down
		 Travel Tech Firm Unexplored.com Lays Off Employees
		 Free Storage Provider MySpace Ceases Operations
		 e-Privacy Firm Eprivex.com Seeks Seed Funds Or Else

		new products

		 BlueTarp Launches First Product
		 Design, Building Software Provider Tririga Launches

		m&a

		 Office Depot Acquires Officesupplies.com
		 Property Firm Risanamento Napoli To Buy Global Switch
		 Adressdirekt Acquires Adwyze International
		 Researchsummary.com Buys NavigateOne in Stock Deal
		 Wire One Technologies Acquires GeoVideo Networks Assets
		 ObjectSoft to Merge with Golden Screens Interactive
		 Applied Materials Buys Laser Cleaning Tech Co. Oramir

		new directors

		 Protection Applications Firm MindMatters Adds to Board

		vc fund news

		 BCI and Village Ventures to Form Fund for NY Capital Region
		 Innovatech Invests $3 Million in VIMAC, Firms to Co-Invest

		vc personnel

		 Royal Bank Capital Partners Adds Director to IT Fund

		vw corrections

		 SpeedGreetings
		 American Fiber Systems
		 Southern Capitol Ventures

		TOP STORIES... NEW MONEY... BAD NEWS... NEW PRODUCTS... M&A... NEW
DIRECTORS... VC FUND NEWS... VC PERSONNEL... VW CORRECTIONS

		top

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		top stories
		?
		Optical Firm Solinet Systems Lands $93 Million Round Two
		mail? top

		OTTAWA (VENTUREWIRE) -- Solinet Systems, a developer of optical core
networks, said it received CDN 144 million ($93 million) from Altamira, Alta
Partners, Bessemer Venture Partners, New Enterprise Associates, U.S. Venture
Partners (USVP), Worldview Technology Partners, and undisclosed optical and
semiconductor component suppliers. New investors included round leader USVP,
along with Alta Partners, NEA, and the corporate investors. The remaining
investors participated in the first round. Solinet said it would use the
funding to complete its product development, bring the product to market
later this year, and expand its research and developement, operations, and
marketing departments. Co-founder Madhu Krishnaswamy said the company expects
to increase its 205 member staff to 270 by the end of the year. He said the
company plans to become profitable by the second half of next year, and at
that point decide whether to raise another round of funding or go public,
depending on the IPO market. Steve Krausz, general partner at USVP, takes the
fifth seat on Solinet Systems' board of directors. The company has raised
$108 million to date.
		http://www.solinetsystems.com

		American Express Funds to Focus On Later Stage
		mail? top

		MINNEAPOLIS (VENTUREWIRE) -- Two American Express mutual funds that also back
startups and invest as a limited partner are focusing on later-stage
companies while slowing their overall pace of private investment. Senior
portfolio manager, Louis Giglio, told VentureWire that the funds, which he
manages from Minneapolis, will also not invest in any additional VC funds
this year, opting instead to hold capital in reserve for follow-on rounds in
portfolio companies. Mr. Giglio, who has been managing approximately $6
billion as the senior portfolio manager for American Express's Innovations
Fund (since April 2000) and Strategy Aggressive Fund (since November 2000),
said that later-stage companies were more attractive this year for
investment. "I would rather invest in a concept that is closer to
commercialization than not," said Mr. Giglio. "I don't want to fund someone
for three years and see a lot of red on the income statement. I want to see
earnings at a reasonable point in time." The two funds will allocate no more
than their usual 5% to venture capital investment with the pace of investment
in startups slowing as the portfolio has taken its share of setbacks. Among
startups backed by American Express, OpenTable.com, a San Francisco provider
of customer relationship applications and online reservation services to
restaurants, recently cut 17% of its staff; and earlier this year
Foodline.com, another online restaurant reservation system company, filed for
bankruptcy. "The pace is dramatically slower," said Mr. Giglio.  "We've
written one investment down to zero, some down to 10 cents on the dollar. The
days of the easy returns are long gone." The funds have invested in only
three startups this year, and most of the funds' 25 private portfolio
companies were funded last year. At present, the funds are in the process of
helping one portfolio company secure a bridge financing and helping another
raise a second round. American Express invested $25 million in BlueStream
Ventures, a Minneapolis-based venture firm that raised a $300 million initial
fund last year. The firm has also co-invested with BlueStream in Bandwidth9,
a Fremont, Calif.-based designer and manufacturer of tunable fiber-optic
components; and Calient Networks, a San Jose, Calif. company that provides
all-photonic software and switching systems.
		http://www.americanexpress.com

		BioTech Fund Forward Ventures Closes At $256 Million
		mail? top

		SAN DIEGO (VENTUREWIRE) -- Forward Ventures, a life sciences and health care
venture fund, said it closed Forward Ventures IV at $256 million in April.
Forward Ventures said it will invest between $8 million to $12 million over
the life of an investment. The firm said two-thirds of the fund will be
invested in seed and early-stage deals, and the remaining one-third will be
later-stage investments. Forward also said the fund will focus on early-stage
deals in San Diego and the west coast, but that it will consider national and
international deals for the later-stage investments. Forward Ventures IV will
be invested in between 20 to 25 companies over a period of three years.
Forward Ventures said it began raising the fund in January 2000 with an
initial target of $200 but held off closing the fund to reach $250 million
due to increased interest in biotechnology investments. Forward Ventures IV
had a first closing in June 2000 at $77 million. To date, Forward Ventures
has committed $57 million from the new fund in 12 companies in California,
Maryland, and New York. Among the recent portfolio companies are Acordia
Therapeutics, Arizeke, Conforma Therapeutics, Cancervax, Nereus
Pharmaceuticals, and Sagres Discovery. The managing partners for the fund are
Stan Fleming, Ivor Royston, and Jeff Sollender. Forward Ventures' co-founder
Mr. Royston is joining the firm full-time following his retirement as the
founding president of the Sidney Kimmel Cancer Center. New investors to the
fund are Blue Dot Capital, China Development Industrial Bank, Chiron,
Fairview Capital Partners, Henkel KgaA, Hunt Ventures, GIMV, J.P. Morgan,
Sofinov, Societe Financiere D'Innovation, and Tai Cheung Capital. They join
previous limited partners Adveq, Jafco, Portage Group Investors, and the San
Diego County Employees Retirement Association. Forward Ventures, founded in
1993, currently has $340 million under management and 42 companies in its
portfolio. Bendetto Gartland & Company acted as the placement agent for the
fund.
		http://www.forwardventures.com

		Reuters Greenhouse II To Launch in June With New LPs
		mail? top

		LONDON (VENTUREWIRE) -- Reuters Greenhouse, the venture capital arm of
Reuters, said it would begin raising a new $250 million fund, Reuters
Greenhouse II, in June. The new fund will, for the first time, include
limited partners besides Reuters. Reuters Greenhouse said it has received an
initial investment of undisclosed value for Greenhouse II from Reuters, which
will be a minority investor in the new fund. Reuters Greenhouse said it will
approach both European and U.S. institutions for investments in the new fund.
Greenhouse II will invest in a broad range of industries and not limit itself
to investments in companies complementary to Reuters' business interests.
Greenhouse II is targeted to invest an average of $5 million in 15 to 20
companies in Europe and the U.S. Greenhouse II will primarily invest in
software companies, in addition to investments in the networking and IT
industries. Reuters Greenhouse said it would not invest in hardware or
telecommunications companies. A first closing is expected by the end of 2001.
John Taysom, based in London, and David Lockwood, based in San Francisco, are
the senior managing partners for the fund. There are also four other partners
managing the fund. Reuters Greenhouse also said it would be adding new
partners to manage the fund. Reuters Greenhouse I, an evergreen fund, is
fully invested with $400 million in 83 European and U.S. companies. In
November of last year, Reuters scrapped plans to list the fund on the public
market as a way to raise additional capital.
		http://www.rvcapital.com

		new money
		?
		Healthcare ASP DR2DR.com Raises $2.3 Million Series A
		mail? top

		RICHMOND, Va. (VENTUREWIRE) -- DR2DR.com, a healthcare application service
provider, announced it has raised $2.3 million in its Series A round of
funding led by Monument Capital Partners, a previous investor.The round also
included investments from Southside Rising and Southwest One. Custis Coleman,
president and CEO of DR2DR.com, said the company will use the investment to
fund its operations until it gets to the break-even stage at the beginning of
the third quarter. DR2DR.com plans to increase sales and marketing and
complete development of its product, according to Mr. Coleman, who is also
the founder of the company.  Presently, DR2DR.com has 18 employees with a
burn rate below $50,000 per month. The company made $2 million in revenues
last quarter. Monument provided DR2DR.com with $1.5 million in seed funding
last July.
		http://www.dr2dr.com

		Lodging Service Provider HubX Gets $2 Million Series A
		mail? top

		WALTHAM, Mass. (VENTUREWIRE) -- HubX, a technology provider to the
hospitality and travel industries, said that it has raised $2 million in its
Series A round. Participating investors included Boston Capital Ventures,
Claflin Capital Management's venture partnership, Black Diamond Fund, and
Hothouse Ventures. The company plans to use the new funds for product
development and general operations. Boston Capital Ventures and Claflin
Capital Management co-led this round. Citing a burn rate of $125,000 per
month, founder and CEO, Mike Murray, said he expects the new funds to carry
the company through to profitability within approximately 12 to 18 months.
Post money, HubX is valued at $5.8 million. As a result of the financing,
Thomas Claflin of Claflin Capital and Alex Wilmerding of Boston Capital
Ventures were granted seats on the five-member HubX board of directors.
		http://www.hubx.net

		BigRecordPromoter Raises Round One
		mail? top

		SANTA MONICA, Calif. (VENTUREWIRE) -- BigRecordPromoter, which develops
contact management software for independent musicians and promoters, said it
spun off from Creative Engine, which provides design development and
animation software, and has raised an undisclosed amount of first round
financing from Pacific Security Group. The company expects one appointment to
be made to the board of directors, which currently has two directors. Series
A funding will be used for software development and is expected to last until
August, when a beta version of BigRecordPromoter's software will launch. The
company is also raising $500,000 in a second round of financing expected to
come from individual investors and board directors. The second round will
fund the company's marketing from August until the end of the year, when the
finished software will launch. Former parent company Creative Engine is also
backed by Pacific Security Group. The company has been profitable since 1999.
Creative Engine had $400,000 in revenues in 2000, and expects that figure to
double this year.
		http://www.bigrecordpromoter.com

		Biotech Firm ReVas Gets Seed Funds From Open Prairie
		mail? top

		CHAMPAIGN-URBANA, Ill. (VENTUREWIRE) -- ReVas, a developer of medical
devices, said that it received $400,000 in initial seed funding from Open
Prairie Ventures. ReVas will dedicate the new funds to product development,
clinical trials, and staff expansion. In addition to its venture capital
investment, Open Prairie Ventures will provide financial oversight for ReVas,
which has developed and patented a process for a reversible vasectomy.
Initial management of the company will be provided by executive advisory firm
Barnard Associates, with Theodore Bailey of the Life Sciences Business
Advisory Services at Barnard serving as the company's CEO. ReVas plans to
raise an undisclosed amount of additional capital in the near future.
Telephone: 317-684-9106

		Redfern Photonics Raises $28 Million in Round Two
		mail? top

		SYDNEY, Australia (VENTUREWIRE) -- Redfern Photonics, which develops and
manufactures optical telecommunications products, said it has secured $28
million in round two financing. The Australian Technology Fund, Citicorp
Equity Capital, DB Capital Partners, Ericsson Deutsche Technology Fund, GE
Equity, and Temasek Capital participated in the round. DB Capital Partners
led the round, which has not closed. The company may raise additional funds
for a second close. Redfern Photonics' new board will include two
representatives from majority shareholder Australian Photonics, Roy McKelvie
of DB Capital Partners, Roger Keane of GE Equity, CEO Chris Howells, and
three new independent non-executive directors. Citigroup also gained observer
rights through investment director, Jeremy Wardell. A chairperson will be
selected from among the three independent directors.
		http://www.redfernphotonics.com

		Element K Raises $18 Million in Series B Funding
		mail? top

		ROCHESTER, N.Y. (VENTUREWIRE) -- Element K, a provider of corporate
e-learning services for information technology and business skills training,
announced the completion of $18 million Series B financing from investors
including Rustic Canyon Ventures and Wasserstein & Co. Wasserstein & Co., an
existing investor, led the round with participation from previous investor
Rustic Canyon and several other existing shareholders. The company plans to
use the new funds for product development and strategic partnerships. This
latest funding brings the total amount of equity raised by Element K to
approximately $200 million since February 2000, when an investor group led by
Wasserstein & Co. purchased Element K from Ziff-Davis.
		http://www.elementk.com

		Cardiac Monitoring Tech Firm CardioNet Raises $13.5 Million
		mail? top

		SAN DIEGO (VENTUREWIRE) -- CardioNet, which is developing a wireless cardiac
monitoring technology for people with cardiovascular diseases, announced it
has raised $13.5 million in its second round of funding led by new investor
Hambrecht & Quist Capital Management. Previous investors Sanderling Venture
Partners, Inglewood Ventures and BioFrontier Global Investment also
participated in this round. The company said it would use the funds to
complete product development, establish a telemetry service center, and
launch national distribution in January 2002. To date, CardioNet has raised
$21.5 million in funding.
		http://www.cardionet.com

		Cyber-Ark Signs Up Orama For $2M Commitment in Second Round
		mail? top

		DEDHAM, Mass. (VENTUREWIRE) -- Cyber-Ark Software, an information security
firm, said it has received $1 million in second-round funding from Orama, a
Tel Aviv-based merchant bank. Cyber-Ark also said Orama is acting as the
placement agent for the company's targeted $15 million second round. Orama
will invest an additional $1 million when the round closes. Cyber-Ark said it
had a post-money valuation of $30 million in July 2000 after its first round.
In total, Cyber-Ark has raised $9 million from Cabaret-ArbaOne, Chase
Capital, Nomura International, and Softbank affiliate Seed Capital Partners.
Its investors have a 60% equity stake in the firm.
		http://www.cyber-ark.com

		Business Analysis Firm MetaEdge Gets $5 Million Series B
		mail? top

		SUNNYVALE, Calif. (VENTUREWIRE) -- MetaEdge, a provider of decision-support
customer intelligence software and services to e-commerce companies, said it
received $5 million in Series B funding from Pacific Wealth Consultant, a
subsidiary of Hon Hai Precision Industry. The company plans to use the new
money for technology development, marketing and sales, and Asian expansion.
Post-money, MetaEdge is valued at $32 million. Citing a monthly burn rate of
$500,000, expected to increase to $700,000 by the year's end, MetaEdge CEO
Liwen Chen said he expects the new funds will carry the company "close to
breakeven," by the first quarter of 2003. As a result of this financing, Hon
Hai Precision Industry was granted a seat on the company's five-member board
of directors, which includes Stephen Li of WK Technology Fund. Prior to this
round the company raised $11 million in Series A funding, led by WK
Technology Fund with participation from Concord Venture Capital Group,
SoftChina Venture Capital, and Itochu Financial.
		http://www.metaedge.com

		Optical Fiber Grating Firm Indigo Photonics Gets $5.7 M
		mail? top

		BIRMINGHAM, England (VENTUREWIRE) -- Indigo Photonics, an optical fiber
grating technology provider, announced it has secured GBP 4 million ($5.7
million) in its first round of funding from 3i, a European venture capital
firm. With the funding Indigo said it will develop its technology, continue
to strengthen relationships with its existing commercial and industrial
partners, and expand its manufacturing capabilities. Indigo was formed by the
Aston Univeristy Photonics department, which is researching Fiber Bragg
Grating technology, and the gratings division of Oxford Fibre Optic Tools.
Gratings are used to in the development of optical components and modules.
		http://www.indigo-photonics.com

		eCommerce Industries Seals $21M Third Round
		mail? top

		VIENNA, Va. (VENTUREWIRE) -- eCommerce Industries (ECI2), which provides
e-commerce software and services for office products, said it closed its
third round at $21 million from Accel Partners, Friedman, Billings and
Ramsey, Frazier Technology Ventures, and New Enterprise Associates, and
individuals. Series A lead investor NEA and Series B lead inverstor Accel
co-led this new round. Bruce Golden of Accel has taken Accel's first seat on
ECI2's board, which now has seven directors. ECI2 said the financing would be
used for acquisitions and for marketing and sales. ECI2 said venture
capitalists own 42% of the company and that is has a post-money valuation of
$96 million. The company also said it expects to reach profitability before
the end of the year. To date, ECI2 has raised $84 million in three rounds.
Last week ECI2 finalized the acquisition of MayTech, an accounting/inventory
back-end software provider to the janitorial/sanitorial industry, based in
San Antonio. Financial details of the stock-and-cash deal were undisclosed.
MayTech's CEO David Mayer has joined ECI2 as a president of a business system
group and no employee changes are expected at MayTech, which had received no
venture capital funding. ECI2 also said it will announce the acquisition of a
Cambridge, U.K.-based back-end software firm, which provides services to the
office products industry, early next week. Financial details of the
stock-and-cash deal are undisclosed. The CEO of the acquisition target will
join ECI2. Both acquisitions will function as separate subsidiaries within
ECI2's business services group. ECI2's other two groups create Web sites and
provide supply-chain network services. ECI2 also has offices in London and
Toronto.
		http://www.eci2.com

		HRPath Raises $1.6 Million Series C
		mail? top

		ALAMEDA, Calif. (VENTUREWIRE) -- HRPath, which provides online human
resources services such as handbooks, manuals, procedures, and policies, said
it raised $1.6 million in its Series C. Participants in this round were
private investors that included Peter Chernin, president and COO of News
Corp., and HRPath board member G. Steven Burrill, CEO of Burrill & Co., a
private merchant bank with a venture capital branch. The money will be used
for infrastructure and sales and marketing. Nick Donatiello, president and
CEO of Odyssey Partners, has become the fifth member of the board. He
replaces David Siskin, founder and CEO of Addwater, who resigned to pursue
other opportunites. Attorney Greg Beattie of the Oakland, Calif. office of
Bay Venture Counsel is HRPath's adviser. Paul Finkle, Malcolm Whyte, and
Philip Chernin founded the company in September 1999.
		http://www.hrpath.com

		Rocket Network Receives $9.3 Million in Round Three
		mail? top

		SAN FRANCISCO (VENTUREWIRE) -- Rocket Network, which provides Internet-based
production networks for audio professionals, said that it received $9.3
million in the first close of its third round from Cisco Systems, Vulcan
Ventures, and Weston Presidio. Cisco Systems, a new investor, led this round.
The company plans to dedicate the new funds to software development and
marketing. With the round there were no appointments to the company's
five-member board of directors, which includes Eric Robison of Vulcan
Ventures and Phil Halperin of Weston Presidio. In March 2000, Rocket Network
received $15 million in a second round of funding led by Weston Presidio
Capital, with participation from Avid Technology and Chase Capital Partners,
Vulcan Ventures, and an unnamed individual. The company is currently
targeting strategic investors for the second tranche of this round, which is
set to close in the next 90 days.
		http://www.rocketnetwork.com

		Greenwich Technology Partners Gets $9.75 Million Late Round
		mail? top

		WHITE PLAINS, N.Y. (VENTUREWIRE) -- Greenwich Technology Partners (GTP), a
provider of network infrastructure consulting and engineering services, said
it raised $9.75 million in later-stage financing from Cabletron Systems,
Extreme Networks, Juniper Networks, and the Japanese trading firm Marubeni.
New investors included the lead investor, Marubeni, in addition to Cabletron
Systems and Extreme Networks. Juniper had invested in an earlier round. GTP
also said it has begun a strategic business relationship with Marubeni in
order to expand GTP's services in Asia and that it reached profitability in
March and had $14.1 million in first-quarter revenue. GTP is also backed by
Antares Investment Partners, Azure Capital Partners, the CIT Group, Credit
Suisse First Boston I, J.P. Morgan Partners, FG II, STV Partners III,
VantagePoint Venture Partners, Wheatley Partners II, and individuals.
		http://www.greenwichtech.com

		Hearing Device Firm InSonus Medical Has $7 Million Round Two
		mail? top

		NEWARK, Calif. (VENTUREWIRE) -- InSonus Medical, which is developing hearing
devices by combining electronic implant technologies with high fidelity
audio, said it has raised $7 million in its second round of funding provided
by previous investor Essex Woodlands Health Ventures and new investor US
Bancorp/Piper Jaffray Venture. A number of undisclosed individual investors
also participated in the round. Adnan Shennib, president and CEO of InSonus,
said the company will use the funding to complete the development of its
hearing devices and marketing of the product. Mr. Shennib said the company's
post-money valuation was doubled in this round. InSonus, which raised $5
million in its first round of funding, is developing small hearing devices
that operate continuously for up to six months inside the ear canal. Mr.
Shennib said the company, which now has 18 employees, plans to add 12 to 15
people to its workforce by the end of the year.
		http://www.insonus.com

		bad news
		?
		Rich Media Distributor ElasticEdge Closes Down
		mail? top

		PLANO, Texas  (VENTUREWIRE) -- ElasticEdge, a developer of a distribution
system for rich media including data, video, audio, and animation, has shut
down, according to an investor in the company. A spokesperson for BRM, an
investor in ElasticEdge, said the board of directors chose to close the
company after it realized the market would not develop the way it originally
predicted. "They decided to cut their losses to still meet their obligations
to employees, for example, " the spokesperson said. The undisclosed number of
laid-off employees all received severance packages. The company received a $5
million equity financing deal from BRM Group last July.
		http://www.elasticedge.com

		Travel Tech Firm Unexplored.com Lays Off Employees
		mail? top

		SAN FRANCISCO (VENTUREWIRE) -- Unexplored.com, which supplies technology and
business services to businesses in specialty leisure travel, said it laid off
an undisclosed number of employees at the beginning of May. The company had
no comment on the reason for the layoffs. Unexplored.com said a core team of
fewer than 20 employees remains to continue business as the company evaluates
a number of strategic alternatives. In April Unexplored said it was raising a
$20 million to $25 million Series C round and had already raised $6 million
from previous investors. On Thursday, the company had no comment about the
status of that funding. The company also said the terminated workers did not
receive severance. Unexplored.com's affiliate Web sites are:
Adventureseek.com, GrandTrunk.com, Inntopia.com, Moguls.com, Safari.net, and
Worldwaters.com. To date, Unexplored.com has raised approximately $17 million
from Allen & Co., the Special Opportunity Group Fund, Wand Partners, and
individuals, including Bill Hambrecht of WR Hambrect & Co.; Tom Hicks and
Jack Furst of Hicks Muse Tate & Furst; and Allen Wheat of Credit Suisse First
Boston.
		http://www.unexplored.com

		Free Storage Provider MySpace Ceases Operations
		mail? top

		PALO ALTO, Calif. (VENTUREWIRE) -- MySpace, a provider of online file storage
and sharing applications, is discontinuing its free consumer service,
according to a posting on its Web site. MySpace said its site would remain up
until the end of today to enable customers to retrieve their files. The
company has begun referring customers to storage provider FreeDrive. MySpace
received $14.6 million from Hewlett Packard last April. Neither MySpace nor
Hewlett Packard could be reached for comment.
		http://www.myspace.com

		e-Privacy Firm Eprivex.com Seeks Seed Funds Or Else
		mail? top

		NEW YORK (VENTUREWIRE) -- Privacy Protection, which does business as
Eprivex.com and is a developer of electronic privacy technology and personal
privacy protection services, said it must cease operations unless it can
complete its seed round of $1.5 million, wholly or incrementally, from
individual or private investors. The company, which was founded in March
2000, has received prior financing from individual investors including Roger
Dietch, founder of Regency Capital, as well as from Jesse L. Martin, Jerry
Orbach, and Sam Waterston, all of whom are actors on the NBC television show
Law and Order.
		http://www.eprivex.com

		new products
		?
		BlueTarp Launches First Product
		mail? top

		PORTLAND, Maine (VENTUREWIRE) -- BlueTarp, which provides financial and
technology applications for the building industry, said it introduced its
first product. Also named BlueTarp, the product is a charge card designed
specifically for the building industry. The card is used at participating
store locations to purchase building materials. Invoices of card purchases
are automatically submitted to BlueTarp's Web site, where they can be
published into accounting or spreadsheet applications. The program has been
rolled out in Raleigh-Durham, N.C., Greenville, S.C., Southern N.J., and
Southern Maine. In May 2000, North Adams, Mass.-based Village Ventures led
the company's $3.5 million first round. The company said it will begin
raising its second round in the fall.
		http://www.bluetarp.com

		Design, Building Software Provider Tririga Launches
		mail? top

		MARLBORO, N.J. (VENTUREWIRE) -- Tririga, which provides Web-based design and
construction management software, announced it has launched. The Tririga
technology was developed by Marnell Corrao Associates, the Las Vegas
developer that built the Bellagio Hotel. The software platform automates the
design and entire phases of construction and management operations. Tririga
is in the process of raising its Series A round, which opened in March. The
company said it has secured in excess of $14 million in capital from its
founders, the Marnell and Barret families, and other undisclosed individual
investors. Tririga plans to officially launch its software June 19. The
management of Tririga includes Anthony A. Marnell II, James A. Barret, Jr.,
and Anthony A. Marnell III.
		http://www.tririga.com

		m&a
		?
		Office Depot Acquires Officesupplies.com
		mail? top

		DELRAY BEACH, Fla. (VENTUREWIRE) -- Publicly traded Office Depot, a retailer
of office products, announced the acquisition of officesupplies.com, an
online office supply retailer. Terms of this transaction were not disclosed.
The acquisition includes officesupplies.com's customer base, the company's
Web site, and its domain name. Officesupplies.com's Web site will remain
operational during a 90-day transition period in which current customers will
be given the opportunity to transfer their account information. An Office
Depot spokesperson said there would be no officesupplies.com employees
retained, and that key management would be held on a consultant basis during
the the transition period. Officesupplies.com is backed by AT&T Ventures,
Breakthrough Commerce, Hillside Capital, ING Barings, and Needham Capital
Partners.
		http://www.officedepot.com
		http://www.officesupplies.com

		Property Firm Risanamento Napoli To Buy Global Switch
		mail? top

		LONDON (VENTUREWIRE) -- Italian real estate firm Risanamento Napoli, listed
on the Milan Stock Exchange, has agreed to acquire the European
carrier-neutral service provider Global Switch for EUR 495 million ($419.6
million) in stock and secured loan notes. Following the completion of the
acquisition, Risanamento Napoli will join existing investors TrizecHahn,
Chelsfield, and Unicorn Assets and Fasset Limited on the board. Global
Switch's previous investors hold 53% of the company, with Rianamento slated
to take the remaining 47%. Risanamento will raise cash of at least EUR 180
million through the sale of its property portfolio and another EUR 100
million through a rights issue. Upon completion of the acquisition, investors
in Global Switch intend to list the company on the London Stock Exchange.
Both Elliot Bernard, chairman of Global Switch, and Andy Ruhan, the company's
chief executive officer, will retain their positions following the
acquisition. The new board of directors for the company will be composed of
nine directors. Three directors will be appointed by Risanamento's majority
shareholder Nuova Immobiliare, with the three previous investors taking one
seat each, and three seats designated as independent. Global Switch has sites
in London, Amsterdam, Paris, Dublin, Toronto, and is developing sites in
Frankfurt, London, Singapore, Sydney, Milan, and Madrid. TrizecHahn
Chelsfield SARL, a Swedish invetment unit formed from Canadian firm
TrizecHahn and U.K. property firm Chelsfield, has invested $312 million in
the company. Royal Bank of Scotland also provided previous capital for the
technology firm.
		http://www.globalswitch.com

		Adressdirekt Acquires Adwyze International
		mail? top

		STOCKHOLM (VENTUREWIRE) -- Adressdirekt, which develops Internet marketing
applications, said it acquired its competitor Adwyze International, which
develops technical infrastructure and marketing applications. According to
Adressdirekt, the two companies will consolidate business activities. As a
result of this deal, ITbuilder gains a 27% stake in Adressdirekt. No other
terms of the deal were revealed. Founded in late 1999, Adressdirekt is backed
by European Media Venture, Alfred Berg Industrifinans Norway, and private
investors. Adwyze is backed by venture capital firm ITbuilder.
		http://www.adressdirekt.se
		http://www.adwyze.com

		Researchsummary.com Buys NavigateOne in Stock Deal
		mail? top

		LONDON (VENTUREWIRE) -- Researchsummary.com, a Web portal with investment
analyst research for investors, announced it has acquired its partner
NavigateOne, which develops search engine software. Terms of the all-stock
deal were not disclosed. CEO John Thorne said the post-merger valuation of
Researchsummary.com was just under GBP 40 million ($56.7 million); before the
deal the company was valued at approximately $35 million. The deal was valued
based on competitor and market evaluation. NavigateOne, which had been the
only supplier of custom-built software for Researchsummary.com, will be fully
integrated into Researchsummary.com. Of 22 former employees, 15 will join
Researsummary.com, resulting in a combined staff of 24. Former NavigateOne
CEO Huw Leyshan will become a non-executive chairman of Researchsummary.com,
replacing Paul Thorne, who remains a director on the board. Richard Parrott,
who had served as CTO at both companies, continues as CTO. Lisa Gibbs, CFO of
NavigateOne, will serve as interim CFO. A NavigateOne spokesperson said that
the acquired company still had more than half of its initial funding at the
time of acquisition. NavigateOne had raised $4.4 million from 3i in a first
round of funding in October 2000. Researchsummary, which is self-funded, and
3i had each owned 20% of the company. K Legal advised NavigateOne, while
Baker MacKenzie advised Researchsummary.com
		http://www.navigateone.com
		http://www.researchsummary.com

		Wire One Technologies Acquires GeoVideo Networks Assets
		mail? top

		HILLSIDE, N.J. (VENTUREWIRE) -- Wire One Technologies, a publicly traded
provider of video communications technology, announced it has agreed to
acquire the assets of GeoVideo Networks, a provider of real-time
collaborative video communications, in an cash and stock deal. Chief among
these assets, in addition to cash on hand of approximately $2.5 million, is
GeoVideo's flagship browser, a software tool that enables up to six
simultaneous, real-time, bi-directional IP video sessions to be conducted
over a standard desktop PC. In exchange for the acquired assets, Wire One
will issue approximately 815,000 shares of Wire One common stock, worth about
$4.5 million at today's close, together with warrants to purchase
approximately 500,000 additional shares of Wire One stock at $5.50 per share
and 520,000 shares at $7.50 per share. In addition, Wire One has said that
will issue extra shares should there be cash in excess of $2.5 million
remaining after GeoVideo winds up its affairs. Wire One expects to integrate
GeoVideo's products into its Glowpoint IP video communications network
services by the beginning of 2002. A Wire One representative could not
comment on whether the company would be retaining any GeoVideo employees. As
a result of this transaction, GeoVideo shareholders Crest Communications
Holdings, East River Ventures, Lucent Technologies New Ventures Group, and
Thomas Weisel Partners will own Wire One shares and warrants and will be
entitled to appoint a director to Wire One's board. The Ocepek Group, also an
investor in GeoVideo, will not be participating in the deal.
		http://www.geovideo.com
		http://www.wireone.com

		ObjectSoft to Merge with Golden Screens Interactive
		mail? top

		HACKENSACK, N.J. (VENTUREWIRE) -- ObjectSoft, a publicly traded video
entertainment kiosk provider, said it plans to merge with privately held
Golden Screens Interactive Technologies, which provides software and
electronic commerce applications for Internet-based self-service terminals
and Web-enabled public telephones. If the merger is consummated, the newly
formed entity will be a public corporation operating in various kiosk
markets, advertising mediums and related businesses. A spokesman for Golden
Screens Interactive declined to comment on the transaction. Golden Screens is
backed by individual investors.
		http://www.gsit.com
		http://www.objectsoftcorp.com

		Applied Materials Buys Laser Cleaning Tech Co. Oramir
		mail? top

		SANTA CLARA, Calif. (VENTUREWIRE) -- Applied Material, a publicly traded
supplier of products and services for the semiconductor industry, said it has
acquired Oramir Semiconductor Equipment, a Yoqneam, Israel-based company that
provides laser cleaning technologies for semiconductor wafers. Financial
terms of the cash deal were not disclosed. The acquisition is pending
approval by the Israeli government. Oramir will be integrated with Applied
Materials' Process Diagnotics and Control Business  Group, based in Rehovot,
Israel. Applied Materials had an undisclosed stake in Oramir prior to the
deal. Founded in 1992, Oramir is backed by Evergreen VC, Fairchild Corp.,
Gemini VC, H.B MIR Investment, Mofet VC, Myrag, RDC (Rafael Development
Corporation), Technology Fund,  Teuza VC,  Vertex VC, and Yozma VC. It
employed fewer than 30 people.
		http://www.appliedmaterials.com
		http://www.oramir.com

		new directors
		?
		Protection Applications Firm MindMatters Adds to Board
		mail? top

		PITTSBURGH, Pa.  (VENTUREWIRE) -- MindMatters Technologies, which develops
applications that manage and protect corporate innovations and intellectual
capital assets, said it appointed Mark Miller to its board of directors.
Introduced by a private investor in the company, Mr. Miller becomes the
fourth member of the board, with one open seat remaining. He is the founder
and CEO of Solutions Consulting. MindMatters is backed by Future Fund and
Mid-Atlantic Venture Funds. In December 2000 the company raised $1 million in
its Series A. Within the next three months, it will begin raising a $3
million to $5 million Series B. The company is currently generating revenues
and anticipates breaking even by mid-year 2003.
		http://www.us-mindmatters.com

		vc fund news
		?
		BCI and Village Ventures to Form Fund for NY Capital Region
		mail? top

		WILLIAMSTOWN, Mass. (VENTUREWIRE) -- The Berkshires Capital Investors and
Village Ventures, an operating company that provides back office and
fundraising services to venture capital funds, announced they will form a
fund to focus on the capital region of New York state. The fund has not yet
been named, but is expected to target between $15 million and $25 million.
The new fund will invest primarily in early-stage technology companies in the
software, Internet infrastructure and services, and wireless sectors. The
fund will focus on companies based in the capital region, an area high in
entrepreneurial activity but underserved by venture capital resources, said
BCI fund manager, Russ Howard. Village Ventures and BCI will jointly raise
the fund, with first close anticipated at the end of the year. BCI will
manage the fund, and Village Ventures will co-invest. Initial investments
will range from $500,000 to $1 million, with approximately $3 million in
total funding for each company. The fund will invest in roughly a dozen
companies over three years. Carried interest will approximate those of the
industry, said Mr. Howard. Like BCI, the capital area fund will be a Village
Ventures affiliate. Mr. Howard and BCI fund manager Brad Svrulga will manage
the fund; they also expect to recruit a third fund manager who will be based
in Albany. BCI currently has $21 million under management in two funds and
Village Ventures has established 10 early-stage venture funds in eight
states. The operating company is backed by Bain Capital, Highland Capital
Partners, Sandler Capital Managemenr, Janus Capital Corporation, and
Banknorth Group.
		http://www.berkshirescap.com
		http://www.villageventures.com

		Innovatech Invests $3 Million in VIMAC, Firms to Co-Invest
		mail? top

		MONTREAL (VENTUREWIRE) -- Innovatech Grand Montreal, an early stage venture
capital firm, announced it has invested in $3 million in VIMAC Early Stage
Fund, a Boston-based venture capital firm that invests in start-up companies
in the area of information technology and the Internet. In turn, VIMAC
(Venture Investment Management Company) has agreed to invest in companies
within the Quebec area, where Innovatech focuses most of its investments. The
agreement will also allow co-investments and provides Innovatech's portfolio
companies and specialists with access to VIMAC's network, which includes more
than 75 co-investors, 50 of which are venture capital companies. Innovatech
focuses on early stage companies, and has invested in over 120 companies to
date.
		http://www.innovatech.qc.ca
		http://www.vimac.com

		vc personnel
		?
		Royal Bank Capital Partners Adds Director to IT Fund
		mail? top

		TORONTO (VENTUREWIRE) -- Royal Bank Capital Partners, the private equity arm
of Royal Bank of Canada, said Greg Connor has joined the information
technology fund as director. He had served as partner at MM Venture Partners,
where he focused on early-stage IT and biotechnology companies. Prior to MM
Venture Partners, Mr. Connor held positions at Tandem Computers and Credit
Suisse First Boston. Mr. Connor joins Richard Black, private equity fund
manager, and Doug Lucky, director, in forming a new management team for the
IT fund. The new management, which formed over the last several months, will
focus predominantly on early-stage investments. Of  prior investments,
roughly one-third focused on early-stage deals. As director Mr. Connor will
focus on the enterprise software, IP infrastructure, and fabless
semiconductor sectors. The evergreen IT fund currently manages $100 million,
$65 million of which has been committed. The fund makes institutional-round
investments that total between $2 million and $10 million.
		http://www.rbcap.com

		vw corrections
		?
		SpeedGreetings
		mail? top

		NEW YORK (VENTUREWIRE) -- An article that ran in Thursday's VentureWire about
SpeedGreetings incorrectly identified Mail2000 as an investor in
SpeedGreetings. In fact, individual members of its senior management
participated in SpeedGreetings's recent Series A round. In addition, due to
an editing error, Mail2000 was incorrectly identified as a subsidiary of the
US Postal Service. It is owned by United Parcel Service.

		American Fiber Systems
		mail? top

		NEW YORK (VENTUREWIRE) -- An item in Thursday's VentureWire about American
Fiber Systems, which made an addition to its board of directors, incorrectly
spelled the name of the new member. It is John Malone.

		Southern Capitol Ventures
		mail? top

		NEW YORK (VENTUREWIRE) -- A story in Wednesday's VentureWire misspelled the
URL for Southern Capitol Ventures, a venture capital firm that announced a
partnership with state-funded North Carolina Biotechnology Center. The
correct URL is http://www.southerncapitolventures.com.

		company index
		top

		Adressdirekt, Adwyze International, American Express, Applied Materials,
Berkshires Capital Investors, BigRecordPromoter, BlueTarp, Boston Millennia
Partners, CardioNet, Cyber-Ark Software, DR2DR.com, eCommerce Industries,
ElasticEdge, Element K, Eprivex.com, Forward Ventures, GeoVideo Networks,
Global Switch, Golden Screens Interactive Technologies, Greenwich Technology
Partners, HRPath, HubX, Indigo Photonics, Innovatech Grand Montr,al, InSonus
Medical, MetaEdge, MindMatters, MySpace.com, NavigateOne, Objectsoft, Office
Depot, officesupplies.com, Oramir Semiconductor Equipment, Redfern Photonics,
Researchsummary.com, Reuters Greenhouse Fund, Rocket Network, Royal Bank of
Canada Capital Partners, Solinet Systems, Tririga, Unexplored.com, Venture
Investment Management, Village Ventures, Wire One Technologies

		This year to date, over $750 million has been
		invested in private equity deals in the financial
		services sector (source: VentureWire). In this age
		of liquidation preference provisions and
		retroactive repricings, that's a strong
		performance. Financial Services Outlook allows
		you a unique insight into where the investment strength
		in this market lies, and which private companies are leading
		the strongest sectors of the financial technology
		and solutions market.

		Register before June 19 and SAVE
$100:http://www.financialservicesoutlook.com/register.asp

		investor index
		top

		3i Group, Alta Partners, Altamira Management, Australian Technology Fund,
Bessemer Venture Partners, BioFrontier Global Investment, Cabletron Systems,
Citicorp Venture Capital, DB Capital Partners, Ericsson Deutsche Technology
Fund, Essex Woodlands Health Ventures, Extreme Networks, GE Equity, Hambrecht
& Quist Capital Management, IngleWood Ventures, Juniper Networks, Marubeni,
Monument Capital Partners, New Enterprise Associates, Orama Group, Pacific
Security Group, Sanderling Ventures, Southside Rising, Southwest One, Temasek
Holdings, U.S. Bancorp Piper Jaffray Ventures, U.S. Venture Partners,
Worldview Technology Partners

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		legal

		This copy of VentureWire and the information within it may not be reproduced,
saved, or otherwise copied into a database without the prior written consent
of Technologic Partners.

		VentureWire is a service mark of Technologic Partners
		,2001 Technologic Partners
			?


Ben,

This article was originally written for the International Financial Review
(IFR) for a piece on CSFB as the best bank of the past 25 years.  It has
some good background on the firm.

 <<CSFB 1975-1999.doc>>

This message is for the named person's use only.  It may contain
confidential, proprietary or legally privileged information.  No
confidentiality or privilege is waived or lost by any mistransmission.
If you receive this message in error, please immediately delete it and all
copies of it from your system, destroy any hard copies of it and notify the
sender.  You must not, directly or indirectly, use, disclose, distribute,
print, or copy any part of this message if you are not the intended
recipient. CREDIT SUISSE GROUP and each of its subsidiaries each reserve
the right to monitor all e-mail communications through its networks.  Any
views expressed in this message are those of the individual sender, except
where the message states otherwise and the sender is authorised to state
them to be the views of any such entity.

 - CSFB 1975-1999.doc


Mary,  Could you please prepare the form of CA for these entities.  Please
make them bilateral.  Also check with Kay Young for conflicts.  Let me know
if you have any questions.  Thanks for your help.

----- Forwarded by Gerald Nemec/HOU/ECT on 04/18/2001 05:37 PM -----

	Chris Hilgert/ENRON@enronXgate
	04/18/2001 08:39 AM

		 To: Chris Hilgert/ENRON@enronXgate, Gerald Nemec/HOU/ECT@ECT
		 cc:
		 Subject: RE: Energen Resources CA/Lewis Energy CA

Gerald,

Please use the following address for Lewis Energy instead:

Lewis Energy Group
10101 Reunion Place, Suite 300
San Antonio, TX  78216

Thanks,
Chris

 -----Original Message-----
From:  Hilgert, Chris
Sent: Tuesday, April 17, 2001 6:46 PM
To: Nemec, Gerald
Subject: Energen Resources CA/Lewis Energy CA

Gerald,

I need a couple of CAs.  First of all, I need a CA for Energen Resources with
the following information included:

Energen Resources Corporation
605 21st St.
North Birmingham, AL  35203-2707

Contact: John A. Wallace ) Sr. Vice President ) Methane

Topic: Enron Compression Services Deal concerning Energen,s Coal Bed Methane
Operations in the Black Warrior Basin in Alabama

Second of all, I need a CA for the Lewis Energy Group with the following
information included:

Lewis Energy Group
P.O. Box 180
Encinal, TX  78019

Contact: Rod Lewis - CEO

Topic: Enron Compression Services Deal concerning Lewis Energy Group,s Gas
Gathering and Gas Processing Arrangements in South Texas

I will send you the terms and conditions on the Project Chile Agreements
tonight.

Thanks,
Chris


I have attached my review of the electrical list.  This should allow us to
have another discussion.  The ones with oK we want but I would like to
discuss further your "costs" for these items because you have a separate
mark-up.


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I may cruise over to this place later with my work friend Monique...would you have any interest in going?  Regardless, I'd still like to get together for dinner or a drink after work.  Drop me a line and let me know if you're still up for doing something.
Sue
Dan Electro's Guitar Bar
The bluesy music at this six-string bar has drawn celebrities and scenesters for years.

Bar/Club Profile
The Scene
The bar's large courtyard, canopied entirely by trees, makes outdoor conversation pleasant even on Houston's sultry summer nights.

The Sound
Patrons ("real nice folks") can settle in among the guitars with $2 draft beers and enjoy an eclectic sampling of music, from blues to alternative country, rock to folk.

Electro-fying Blues
Thursday night's blues jam has been going on for more than 10 years and shows no signs of letting up, especially since it draws the likes of Greg Allman and Richard Gere. If you're really lucky, you might even catch Jim, the owner, wailing away onstage on one of his own Danelectro guitars.
Melanie Haupt


Jorge:  I may send you some emails throughout the day to help clarify some
things for me.

 Where are your definitions of "Calculation Period" and "IPA Modified
Calculation Period"?

In your definition of "IPA Floating Rate Payment", you use the term "Share
Spread" which is not defined.  What do you mean?  There is a dangling
definition of "Share Spread" at the end of the IPA Compensation section, but
it refers to spreads appearing in either Annex I or Annex II.

In the "IPA Compensation" section, how is "a negative IPA elected"?  Who is
making an election?

Let's discuss tomorrow.

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


Executive Committee Weekly Meeting
Date:  Monday, September 25
Time:  11:00 a.m. (CDT)
Location: 50th Floor Boardroom
Video:  Connections will be established with remote locations upon request.
Conf call: AT&T lines have been reserved.  Please contact Sherri Sera
(713/853-5984)
  or Katherine Brown (713/345-7774) for the weekly dial-in number and
passcode.

Please indicate below whether or not you plan to attend this meeting and
through what medium.

 Yes, I will attend in person _______

 By video conference from _______

 By conference call  _______

 No, I will not attend  _______

*  *  *

Please return this e-mail to me with your response by 12:00 p.m., Friday,
September 22.

Thank you,
Sherri


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Top Stories (February 8)

CALIFORNIA POWER GRID OPERATOR EXTENDS STAGE 3 ALERT THROUGH THURSDAY
The operator of California's high-voltage power grid declared its highest
state of alert for Thursday, saying operating power reserves on the grid
remained at or near 1.5%.
http://199.97.97.79/IMDS%PMADJN0%read%/home/content/users/imds/feeds/djn/2001/
02/08/eng-djn/eng-djn_000041_122_226998959668

POWER SUPPLIERS BALK AT BEING BILLED FOR UTILITIES DEFAULTS
A group of power suppliers complained to federal regulators Thursday, after
the California Power Exchange tried to hold them responsible for hundreds of
millions of dollars in electricity bills defaulted on by the state's two
largest utilities.
http://199.97.97.79/IMDS%PMADJN0%read%/home/content/users/imds/feeds/djn/2001/
02/08/eng-djn/eng-djn_230042_186_479729677085

BARTON SEES ENERGY POLICY BILL INCLUDING POWER DEREGULATION
The national energy strategy legislation that is a top priority for the Bush
administration and Congress will contain provisions restructuring the $215
billion U.S. electricity sector, U.S. Rep. Joe Barton, R-Texas, said Thursday.
http://199.97.97.79/IMDS%PMADJN0%read%/home/content/users/imds/feeds/djn/2001/
02/08/eng-djn/eng-djn_142101_196_144003558438

NATURAL-GAS UTILITIES IN FLORIDA GET APPROVAL TO INCREASE RATES
Tuesday, TECO Peoples Gas, the state's largest gas distributor, received
permission to pass on to its 260,000 consumers the rising cost of the fuel.
http://199.97.97.163/IMDS%PMAKRT0%read%/home/content/users/imds/feeds/knightri
dder/2001/02/08/krtbn/0000-0631-TM-GAS-UTILITY

TEXAS ENERGY COMPANY PLANS POWER PLANTS IN BROWARD COUNTY, FLORIDA
In response to Florida's mushrooming electricity demand, Texas energy giant
Enron plans to build two power plants in northern Broward County and pipe
natural gas into Port Everglades from a Bahamas transfer station.
http://199.97.97.163/IMDS%PMAKRT0%read%/home/content/users/imds/feeds/knightri
dder/2001/02/08/krtbn/0000-0344-MI-POWER-PLANT

MADISON, WISCONSIN-BASED ENERGY COMPANY SUBSIDIARY PLANS POWER PLANTS IN
BRAZIL
A subsidiary of Madison-based Alliant Energy Corp. is planning to build two
power plants in Brazil and has taken a stake in several Brazilian businesses
as part of a strategy to expand its electricity generating business in
overseas markets.
http://199.97.97.163/IMDS%PMAKRT0%read%/home/content/users/imds/feeds/knightri
dder/2001/02/08/krtbn/0000-0364-MW-POWER-BRAZIL

----------------------------------------------------------------------
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Pwr Suppliers Balk At Being Billed For Utils' Defaults

Maine Industrial Energy Bills To Jump More Than 25%

Despite Controversy, Hopes Lift On Calif. Utility Bonds

PRESS RELEASE: Calif Power Bill A Positive Step - Moody's

Positive Financial Impact From Calif Power Law - Moody's

AES Not Available To Comment On Iberdrola Report

US Energy Secy: Plans To Meet Venezuela Oil Min This Wk

Developers Debate Bandwidth Pooling Point Neutrality

Barton Sees Nuclear Waste First Energy Bill To Reach Bush

Calif Credit,Pwr Supply On Line As DOE Pwr Order Ends

Spain's Cantabrico Bd To Meet In Next Two Weeks >E.HIC

Barton Sees Energy Policy Bill Including Power Dereg

Iberdrola Stock Rises On Reports E.On Could Be Suitor

Amer Electric Power To Sell Frontera Plant To Teco Energy

Teco Sees Plant Acquisition Immediately Adding To Net

Revised Palo Verde Futures Vol. Feb. 07, 25

US Weather: Storms Move Through Central U.S.

Reliant Energy Must Sell Power To Calif Thurs - Fed Judge

Calif/Power Purchases -2: DWR Ducking Its Duty -Reliant

Calif Utils On Hook As Water Dept Limits Power Purchases

Calif Pwr Grid Oper Extends Stage 3 Alert Through Thu

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Rahall Urges President Bush to Support Coal Miners

Judge Orders 3 Suppliers Sell Power

Calif. Streamlines Power Plant Rules

Craig Hydroelectric Power Bill to Streamline Licensing Process

Top Energy Summaries - Thursday, February 08, 2001 - 5:18 PM

New Power Plants Needed Quickly

Waste Management Landfill Gas-to-Energy Project Earns `Project of The Year'
Award from Usepa

Sempra Energy - Sempra Atlantic Gas And Town of Amherst Sign Gas Distribution
- Agreement

Madison Gas And Electric Reports Record Year-End Results

Dairyland Power Increases Profitability at Electric Generating Unit by
Utilizing Pegasus Optimization

Appworx Powers Utility Company with Automation Technology; Texas-New Mexico
Power Company Leverages Appworx Enterprise Scheduler for Premier Customer
Support

Reliant Energy Rtgs Revised to Rating Watch Neg by Fitch

Mud Official Slams Natural Gas Firms Selected Natural Gas Cost Per Unit

Advisory/Weekly Power Update

Environmental Laws Not to Blame for California Power Crisis, Energy Experts
Say

U.S. FERC chairman not in favour of California buying utility assets

Council Chief: Facing An Impossible Task, Chairman Weighs Needs of Fish Vs.
Energy $%Power Planners Face Tough Choices
Colo. Firm Sues Calif. Utility

Consol Energy Reports January Production Results

Lawsuit Could Raise Electric Bills Significantly California Utilities

West Battles Power Crisis on Many Fronts Effects of California Energy Crunch
Ripple Into Other States Northwest Lawmakers

Geothermal Heat Helps Pocketbook for Some Rates Are Still Lower Than Natural
Gas Even with Boise's 20 Percent Increase

02/08 CFE Guarantees Electric Supply For Next 6 Years

Williams Energy Raises $86 Million in IPO

Utility Money Shift Causes Outrage

Houston: Bush Warned to Change Energy Policy Now

Integrate Our Power

Repeats: Energy Volume And Open Interest Totals-Feb 8

Top Energy Summaries - Thursday, February 08, 2001 - 2:29 PM

Tepco to Freeze Plans for 12 Power Stations

Energy Update/Los Angeles Department of Water And Power Daily Energy Update,
Thursday, Feb. 8, 2001

Power Company Has Eye on Chicken Litter

Peabody Expected to Build Power Plant

Tradespark Announces Energy Trades of Over $16 Billion Notional Value Since
October 2000 Launch; Over 125 Companies Now Trade in Fast, Efficient,
Market-Neutral Electronic Marketplace

Greenvolt Power Utilizing Electric Vehicle Powering System for Field Testing
of Its Alkaline Fuel Cell TechnologyUtilization of Supercapacitor Cited As
Important Benefit to Performance

Industry, Academic Experts Discuss Energy Crisis and Future of Deregulation
at McCombs School of Business at UT Austin

Dan Walters: Media Affect Utility Actions

Energy Crisis Focus of Hearing: Assembly Panel Takes Wide-Ranging Approach

Power Rate Jumps, But Some in Susanville Cheer

Congresswoman Stephanie Tubbs Jones to Host Town Hall Meeting on Utility
Deregulation

Nueva Azalea Electric Plant Receives Endorsement from Leading Environmental
OrganizationAcclaimed Environmentally Sensitive Electric Plant Receives
Environmental Endorsement

Empire Electric Files $80m Mixed Securities Shelf (Ede)

We're Off Energy Life Support

Turlock to Add New Backup Power Unit for Police

City to Cite Benefits of Energy Costs

Advanced Engine Technologies' Ox2 Engine Poised As Alternative for Future
World Energy NeedsTesting Focuses on Generator Applications in Wake of
California Power Crisis

Top Energy Summaries - Thursday, February 08, 2001 - 12:38 PM

Full: Teco Energy to Acquire AEP's Frontera Power Station

Midcoast Energy Resources Inc - Continues Sour Gas Processing Consolidation
Efforts in Alberta

Gef Releases Renewable Energy Report - Regional

Businesses Face Electric Rate Rise

As Heating Bills Continue to Soar, Cities, Villages Collect More Taxes Many
Communities Realize Major Jump in Utility Revenue; Help for Needy Not in Plans

Ocean Power Corp - Issues Letter to Shareholders

Optimal Energy Systems Names Williams to Board of Directors

Josephthal & CO., Inc. Initiates Coverage of Electric Fuel Corporation

Competisys Selects Telution to Power Energy And Communication Convergence

Calpine Corp: Encal Energy Ltd - Calpine Plans to Acquire Encal Energy Ltd.
for $1.2 Billion

Nuevo Energy Sees 1q Eps of $0.33, Above Zacks $0.30 Est. (Nev)

Ocean Power Corporation Issues Letter to Shareholders

Top Energy Summaries - Thursday, February 08, 2001 - 9:18 Am

Dupont Canada to Launch Fuel Cell Initiative

Exelon Corp - Peco Energy Completes Power Restoration - After Surprise Storm,
Thanks Customers for Patience; - Fifth Worst Winter Storm in Peco History

Aep to Sell Frontera Plant to Teco Energy

Catalytica Energy Systems' Xonon Receives EPA Validation for Its Ultra-Low
Emissions Capabilities

Report Provides Blueprint for Energy Options

----------------------------------------------------------------------
I N T E R N A T I O N A L
----------------------------------------------------------------------
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WB, Edc Planning Power Grid in Cambodia

Tepco Not to Freeze New Nuclear Power Projects: Hiranuma

Pemex Relents; Natural Gas Contracts Will Not Include Minimum Purchase Volumes

(Updated) Tokyo Electric to Curb Capacity Expansion

Japan's Power Demand Up 3.4 Pct in 2000

Westcoast Energy Looking at Future Expansion; British

Brazil: Argentinean Energy Arrives in Brazil

Indian Government: Power Trading Corporation Web Site Launched by Shri Prabhu
to Enable Power Transactions Online

Daytona Energy Corp - Gas Exploration - Turkey - Canhidir-1 Current Status

Nuclear Power Production to Go Up in India

Acei Receives $45 Million Annual Business from The Holley Group Through Its
New Subsidiary -- "Power Automation Corporation"

CORRECTION: Singapore Power, Pertamina to sign gas supply deal in Jakarta Feb

Chubu Electric to Help Firms Have Own Power Facilities

Philippine Congress winds up work after toppling a president

North Korea refuses to let Seoul inspect power plants

State Talks Prices with Power Companies

Japan's oldest nuclear reacor to resume power generation

Koreas Have Railway, Energy Talks

CBK Power finalises 460 mln usd financing for Philippine power project

Inter-Korean Talks on Power Supply Open in Pyongyang

Pakistan Waives Duty on Machinery for Hydro Power Project

-Oklahoma's Natural Gas Price Drops

Seoul wants power plants study before free electricity move

----------------------------------------------------------------------
KRT DAILY ENERGY NEWS
----------------------------------------------------------------------
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Natural-Gas Utilities in Florida Get Approval to Increase Rates

Electricity Rates Appear to Be Uneven in Tacoma, Wash., Area

High Natural Gas Prices Lead to Protests in Atlanta

Savannah, GA., Residents Discuss Natural Gas Bills with Local Legislators

Utah Residents See Wood Stoves As Viable Option to High Heating Bills

Utah Water Officials Predict Problems with New Federal Arsenic Standard

Utilities, Utah Officials Work on Details of Energy-Crisis Response Plan

Northwest U.S. Utility Company Avista Reports Higher Than Expected Earnings

Two Washington State Utilities Hint at Possible Rate Hike

Kaiser Aluminum Hedges on Pinpointing Usage of Electricity Windfall

California Consumers Snap Up Energy-Saving Products

San Luis Obispo, Calif.-Area Homeowners Pay High Energy Bills, Try to Conserve

San Luis Obispo, Calif.-Area Businesses Prepared for Rolling Blackouts

ST. Louis-Based Utility Ameren Corp. Reports Record Profit for 2000

Public Relations Missteps Hurt California Utilities

California's Pacific Gas & Electric Makes Last-Ditch Offers to Gas Suppliers

California's Electricity-Buying Deals Fall Short of Need

E-Mail Campaign Urges California Consumers to Conserve Energy

Rochester, Minn.-Area Heating Bills to Shrink Somewhat for February

Four Northwest U.S. States Agree Over Hydroelectric Power Distribution

Seven Southwest Florida Communities to Unify in Water Planning

Englewood, Fla., Water District Nears Contract with New Administrator

Senate to Open Investigation Into Rate Policies of Tennessee Valley Authority

Clermont, Fla.-Area Residents Cope with High Natural Gas Bills

California Lawmakers Hope to Stabilize Electricity Market with State Help

California Lawmakers Remain Reluctant to Assign High Electricity Rates

Madison, Wis.-Based Energy Company Subsidiary Plans Power Plants in Brazil

Alabama Utility Cuts Rates by 4 Percent

Texas Energy Company Plans Power Plants in Broward County, Fla.

Lawrence, Kan.-Area Heating Bills to Cool Down Somewhat

Customers of Houston-Based Reliant Energy Get to Choose New Power Supplier

Texas Utility Customers to Get A Taste of Deregulation

Portland, Ore., Event Addresses Immediate Future of Western Power Crisis

San Diego Lawmakers Battle for Inclusion in California's Power Solutions

California Regulators Prohibit Interruptions in Gasoline Pipeline Operations

North San Diego County, Calif., Businesses Struggle to Conserve Energy

North County, Calif., May Experience Economic Slump Due to High Utility Rates

San Diego-Area Leaders Pressure State Government on Electricity Rates

Western Gas Resources Sues Pacific Gas And Electric Over Payment

Water Shares Increase in Britain on Speculation of Industry Restructuring

Scottish Power Stays Optimistic Despite Problems in Utah, California

Dallas-Based Energy Utility Txu's Revenue Jumps, But Profit Falls

Madison, Wis.-Based Utility Holding Company Reports Higher Earnings in 2000

California Plan Signals Just One Step Toward Solving Energy Crisis

Canadian Firm to Sell Natural Gas from Overlooked California Oil Field

New Contractor Begins Managing Texas Nuclear-Weapons Plant

Bill Gates Buys 6 Percent Stake in New Mexico Utility

High Energy Prices Make It Worthwhile to Conserve, South Dakota Utilities Urge

South Dakota, California Face Different, Yet Equally Severe, Energy Crises

-Deregulation Movement Pushes Ahead in Florida

-Public Policies Contribute to Increase in Cost of Natural Gas

-Tennessee May Recover Losses on Investment in PG&E

-Oklahoma's Natural Gas Price Drops

-Battle Begins in Florida to Broker Energy Deregulation Solution

-Georgia's Top Natural-Gas Marketers Cut Prices

-What do Florida and California have in common? St. Petersburg Times, Fla.,
Robert Trigaux Column

----------------------------------------------------------------------
REUTERS
----------------------------------------------------------------------
Access stories online at: http://207.32.82.57/news/ElectricPower.html

S&P revises Reliant Energy Inc outlook

Southern and Vattenfall to meet soon on Bewag - source

Canada spot natgas climbs with continued cold

UPDATE 1-Online exchange TradeSpark says building critical mass

Moody's rates planned Reliant Energy entities

TradeSpark says online energy trades top $16 bln

Powergen fades as E.ON bid hopes wane

DuPont forms fuel cell business

UPDATE 3-E.ON denies in takeover talks with Iberdrola

UPDATE 1-FERC head says no to Western power price caps

Brazil Gerasul rallies on buyout restart rumors

US FERC head says power price caps wrong for Calif.

Giuliani wants court to rethink golf course water plant ruling

Westcoast Energy mulls Canadian pipeline expansion

Calif. power alert continues ahead of key court ruling

Rio Tinto's Kennecott Copper dodges US electricity crisis

Utilicorp United earnings rise, match estimates

TEPCO to cut capex, freeze new power plants

EU troika cancels Bosnia trip due govt crisis

Network access a priority in EU's power market plan

PG&E warns financial woes threaten N.Calif gas service

WRAPUP 2-Calif. Gov. moves to boost state's electric supply

American Electric Power to sell plant to TECO

NorthWestern Q4 earnings rise 11 percent

Potomac Electric leading bidder for Conectiv-WSJ

Fed. judge extends Calif. power sales through Feb 16

Power producer Calpine to buy Canada's Encal

DaimlerChrysler powers DAX, E.ON slips on takeover report

South Korea says power reform plans on track

UPDATE 1-Calif. treasurer proposes buying power grid

UPDATE 1-Fed. judge extends Calif. power sales through Feb 16

Moody's says even risk high in Australia, NZ utilities

Fortis fouth-quarter earnings up on increased revenue

Enron puts Bosnia projects on hold amid govt crisis

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Hi Guys,

Enron policy requires that the assignment of tasks to outside counsel go
through (or at least be coordinated with) the legal department.  In the
future, please let me know what you need so that there can be some order to
the process.

Did the Fehrs and Ledfords sign the option agreements?

Thank you,

Kay
---------------------- Forwarded by Kay Mann/Corp/Enron on 10/10/2000 08:47
AM ---------------------------

"Way, Karen S. - CHI" <karen.way@piperrudnick.com> on 10/09/2000 02:52:14 PM
To: "'kay.mann@enron.com'" <kay.mann@enron.com>
cc: "'rusty.stevens@enron.com'" <rusty.stevens@enron.com>,
"'fred.mitro@enron.com'" <fred.mitro@enron.com>, "Gershon, Mark A. - CHI"
<Mark.Gershon@piperrudnick.com>, "Townsend, Christopher J. - CHI"
<chris.townsend@piperrudnick.com>, "Shindler, Donald A. - CHI"
<Donald.Shindler@piperrudnick.com>

Subject: Schaeffer Property - Livingston County, Illinois

Kay:

This morning, Rusty requested that we prepare an Option Agreement for the 29
acre parcel west of the Livingston Energy Center.  This property could be
used as a construction laydown site, but more importantly would provide a
sound buffer for the project.  It is our understanding that the Option
Agreement is to be presented to the property owner at some point next week.
We will forward a draft of the agreement to you no later than Monday,
October 16, 2000.  Please feel free to call me or Don Shindler
(312-368-2175) with any questions regarding the agreement.  Best regards.

Karen S. Way
Piper Marbury Rudnick & Wolfe
203 N. LaSalle
Chicago, Illinois 60601
email:  karen.way@piperrudnick.com
(ph) 312-368-2152
(fax) 312-630-6347

____________________________________________________________________________
The information contained in this communication may be confidential, is
intended only for the use of the recipient named above, and may be legally
privileged.  If the reader of this message is not the intended recipient, you
are hereby notified that any dissemination, distribution, or copying of this
communication, or any of its contents, is strictly prohibited. If you have
received this communication in error, please re-send this communication to
the sender and delete the original message and any copy of it from your
computer system.
Thank you.

For more information about Piper Marbury Rudnick & Wolfe, please visit us at
http://www.piperrudnick.com/
____________________________________________________________________________


Thanks Rosalie.? That's great. I guess this means that Ken and Governor
Knowles had a good talk!? I think Ken will enjoy it, and it's a great
platform.? I heard a news report on National Public Radio that mentioned the
summit already.? Appreciate your help.? Best, Dan

-----Original Message-----
From: Kenneth.Lay@enron.com [mailto:Kenneth.Lay@enron.com]
Sent: Wednesday, August 23, 2000 3:21 PM
To: Dan Yergin
Subject: Re: Governors Conference

Hi Mr. Yergin -

I just wanted to make sure that you knew that Ken does plan to do this.? He
did talk to Governor Knowles.

Thanks.

Rosalee

Dan Yergin <dyergin@CERA.com> on 08/15/2000 11:22:38 AM

To:?? Kenneth.Lay@enron.com
cc:
Subject:? Governors Conference

Dear Ken,

It was good to talk with you last week, and I hope you got some vacation in
Aspen.? I'm working at it!

Rosalie said you'd be getting in this afternoon, and I? wanted to reach you
by phone or e-mail before Governor Tony Knowles from Alaska calls you.
Governor Knowles (classmate of George W.), along with Governor Taft of
Ohio, has enlisted us in a conference that seven governors are sponsoring
on natural gas in order to elucidate the market and issues -- and needs --
before it explodes as a political issue -- and perhaps helps head it off
(in contrast to what happened with gasoline).? Governor Knowles is the
current chairman of the Interstate Oil Compact Commission, and it will be
under the auspices of the IOCC.? They promise at least seven governors and
a lot of other distinguished people.? It seems to us that this is a very
timely event.

They would like to invite you to be the luncheon speaker.? (I will be
kicking off the conference).?? It looks to be a very good and high
visibility platform.? And they would be very keen and excited -- and
honored -- to have you in that featured role in it works for your schedule.

It takes place in Columbus, Ohio, on September 20.

Tony is a very good guy, and of course natural gas as well as oil looms
very large for him.? You'll enjoy talking with him.? He can certainly fill
you in further on what they would like to accomplish.

If it works out for you to do this in terms of your schedule and interest,
that would be great.

On behalf of the governors, thank you for the consideration.

Best,

Dan


what do you know about this company?  i can get a meeting with the CEO.  they
recently bought APL stacktrain unit to become fully intermodal.  i also think
they are moving toward IPO.


Amy- -

Steve Kean and I finally got to discuss this the other day and we decided
that this effort would likely be too time consuming and costly, particularly
for certain key employees, to justify doing it.  It obviously is an
interesting topic but one that would require alot of attention (and possibly
money) to participate in fully.  Thanks for your attention to this.

To: Richard Causey/Corp/Enron@Enron
cc:

Subject: follow on conversation w/ AA

Rick - resending previous inquiry. Waiting reply. Thanks.
Amy
---------------------- Forwarded by Amy Oberg/HOU/EES on 08/23/2000 08:14 AM
---------------------------

	Enron Energy Services

	From:  Amy Oberg                           08/21/2000 08:37 AM
	Phone No: 713-345-7381

To: Richard Causey/Corp/Enron@Enron
cc:
Subject: follow on conversation w/ AA

Rick:
I'm assuming you had conference call w/ AA on Friday re: the New Value
Research Lab effort - is that correct? We are ready to regroup this week and
hear the results of your conversation. Pls advise as to your feedback and
availability.
Thanks.
Amy


Start Date: 4/17/01; HourAhead hour: 2;  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\2001041702.txt

---- Energy Import/Export Schedule ----
$$$ Variance found in table tblINTCHG_IMPEXP.
     Details: (Hour: 2 / Preferred:  12.00 / Final:  11.98)
  TRANS_TYPE: FINAL
  SC_ID: ECTRT
  MKT_TYPE: 2
  TRANS_DATE: 4/17/01
  TIE_POINT: PVERDE_5_DEVERS
  INTERCHG_ID: EPMI_CISO_ERNIE
  ENGY_TYPE: WHEEL


I received a call from Portland General Electric (PGE) asking for assistance in posting an open season for them in regards to their Kelso-Beaver Pipeline.  The reason they are asking for assistance is that they currently do not have an electronic bulletin board.  I have attached a draft version of their open season.  The plan would be to utilize the Hot Tap platform for their posting.

Please advise if you have any comments regarding this issue.

Thank you.


Thank you Tana.

KC

From: Tana Jones@ECT on 04/09/2001 08:55 AM
To: Karen A Cordova/HOU/EES@EES
cc:
Subject: Re: swaps

1.  If we have a US counterparty we insert the appropriate choice.

2.  Revisions to the CFTC Rules have done away with the  "Eligible Swap
Participant"  rules for energy commodities (they would still apply to
agricultural products).  The rules are still pretty similar however, and the
current lingo is now "Eligible Contract Participants".  See our revised form,
attached.

	Karen A Cordova@EES
	04/04/2001 04:33 PM

		 To: Tana Jones/HOU/ECT@ECT
		 cc: Marianne Castano/HOU/EES@EES
		 Subject: swaps

Hi Tana --

I have a couple of questions concerning swaps that I hope you can answer.

1. With respect to Part 2.  Tax Representations. to the Schedule, is it
standard to insert into the Schedule the information from Form #3 when
dealing with a U.S. Counterparty?

2. Part 5.  Other Provisions.  Is the following point the most current and
also a standard provision in the Schedule when dealing with a U.S.
Counterparty?
(h) Eligible Swap Participant.  It constitutes an &eligible swap participant8
as such term is defined in Rule 35.1(b)(2) of the Commodity Futures Trading
Commission, 17 C.F.R. o 35.1(b)(2) (1993).

Thanks alot for your continued support of EES Legal.  Thanks Karen


Please cal Kevin Heal in Canada - he recently looked into this on their behalf

Gerald Nemec@ECT
01/10/2001 03:22 PM
To: Rebecca W Cantrell/HOU/ECT@ECT, Stephanie Miller/Corp/Enron@ENRON
cc: Steve Van Hooser/HOU/ECT@ECT

Subject: PGE due diligence effort

Stephanie,  I have the copy of the contract so don't worry about that.  Do
you know of any other deals with PGT we currently hold?

Becky,  You knowledge of any other PGT deals we have along with the tariff
provisions would be appreciated.  I am trying to prepare a brief for Travis
by late tommorrow.

Thanks.
----- Forwarded by Gerald Nemec/HOU/ECT on 01/10/2001 03:16 PM -----

	Steve Van Hooser
	01/10/2001 02:38 PM

		 To: Stephanie Miller/Corp/Enron@ENRON, Rebecca W Cantrell/HOU/ECT@ECT
		 cc: Gerald Nemec
		 Subject: PGE due diligence effort

Stephanie and Becky,

I need your help with the PG&E credit exposure diligence described in Travis
McCullough's e:mail set forth below. Could you please forward me (i) copies
of the Service Agreement, Capacity Release materials and executed PGT
Agreement for the 67,000 MMBtu of transport acquired in 1998, and (ii) the
Tariff provisions that deal with the matters described in Travis' e:mail.
Also, what additional transportation transactions do we currently have on
PG&E entities.  Do you have a feel for that? We are supposed to be helping
Credit to get a handle on (a) PG&E exposure and (b) setoff opportunities as
to such exposure. Of course, Credit would like our input by Friday.

Thanks for your help.
Steve Van Hooser
----- Forwarded by Steve Van Hooser/HOU/ECT on 01/10/2001 02:27 PM -----

	Shari Stack
	01/09/2001 10:10 AM

		 To: Steve Van Hooser/HOU/ECT@ECT, Gerald Nemec/HOU/ECT@ECT, Alan
Aronowitz/HOU/ECT@ECT, Wayne Gresham/HOU/ECT@ECT, Mary Cook/HOU/ECT@ECT, Dan
J Hyvl/HOU/ECT@ECT, Nony Flores/HOU/ECT@ECT
		 cc: Jeffrey T Hodge/HOU/ECT@ECT, Elizabeth Sager/HOU/ECT@ECT, Travis
McCullough/HOU/ECT@ECT, Mark E Haedicke/HOU/ECT@ECT
		 Subject: PGE due diligence effort

My asst., Kaye Ellis, will be calling each of you this morning to see if you
can attend a short meeting today to discuss a due diligence effort with
regard to Pacific Gas  and Electric Company and its various subsidiaries.  We
have an overall exposure report from Credit which shows that Enron is exposed
to PG&E in virtually all of the commodities that we transact.

In the meeting today - Travis and I will help you identify the PG&E
entity/entities which may have transactions with Enron concerning your
particular commodity. We will ask you to pull the relevant master agreement
and provide the information set forth below.
Thank you in advance for your help,
Shari
   ----- Forwarded by Shari Stack/HOU/ECT on 01/09/2001 09:57 AM -----

	Travis McCullough
	01/09/2001 09:12 AM

		 To: Shari Stack/HOU/ECT@ECT, Andrew Edison/NA/Enron@Enron
		 cc: William S Bradford/HOU/ECT@ECT
		 Subject: PGE due diligence effort
Here is a list of the information that we will need to collect from each
master agreement:
Governing law;
summary of setoff provisions (in particular, does the contract give us the
right to setoff (i) only those transactions under the specific master, (ii)
transactions under other agreements between the same counterparties; or (iii)
transactions under other agreements between affiliates of the counterparties;
(v) all transactions or only those transactions that we elect to offset;
summary of termination provisions (automatic upon bankruptcy or insolvency of
a party? any notice requirements?)
summary of liquidated damages provisions (how computed?  provision for
two-way LD's (such that even the breaching party gets a payment if they are
in the money?)
We also need to discuss how we can get comfortable that all transactions were
properly booked under the correct master agreement, and that there are no
significant "glitches" in our transaction documentation.


size and location of SLC connection

Updated by: CN=Mark McConnell/O=Enron Communications


If you absolutely can not find enough of the right players to go on the
cruise, let me know.  My husband is scheduled for a baseball game on
Wednesday night.  If I could find some Diamond level tickets for another day
for him, he might consider giving up his tickets for Wednesday night.  This
is a last resort sort of measure, however, so I hope that you find success in
response from others. But do let me know...


The vision is coming into focus and it has a new name!

Over the past several months, the IT Help Desks at Enron Net Works have
incorporated new processes and methodologies to optimize customer service
delivery.  As part of this effort, we have implemented a new name -
Resolution Center.   The following IT Help Desks are included in this
initiative:

Enron Corporation   3.1411
Enron North America  3.4888
International Offices  6.7757

For more information, look for our ads on ETV, the posters on the 6th floor
in 3 Allen Center and in the Lobby of the Enron Building, or visit
http://itcentral.enron.com.

To learn more about our new services, come visit members of the Resolution
Center team in the Enron Building Lobby between 11:00 a.m. and 1:00 p.m. on
Tuesday, September 5th.  We look forward to seeing you there!


Start Date: 4/27/01; HourAhead hour: 2;  No ancillary schedules awarded.  No
variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001042702.txt


These are the questions that were sent to Allegheny:
Ben


TECO TAP             110.000/ HPL IFERC
     TECO TAP              33.750/ ENRON

     LS HPL-KATY IC      22.500/ENRON


Join Cindy Olson on eSpeak at ethink.enron.com on Wednesday, May 31 at 10:00
a.m. Houston time.  Cindy, executive vice president of Human Resources and
Community Relations, about Enron's worklife, benefits and recruitment in 2000.

Are you at a remote location or can't make the event?  Go into eSpeak now and
pre-submit your question(s) for Cindy to answer during the scheduled event.
Immediately following the session, the transcript will be posted into the
eSpeak archives where you can retrieve it at any time ) simply click on the
"Archives" button on the bottom right hand side of the screen.

eThink: Invest Your Mind


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Check the eSource training page at http://esource.enron.com/training.doc for
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Attached please find this week summary of the CFTC  commitment of traders data.

Thanks,

Bob McKinney
 - CFTC-NG-6-4-01.doc


FYI.
----- Forwarded by Dan J Hyvl/HOU/ECT on 10/11/2000 05:10 PM -----

	Richard B Sanders
	Sent by: Twanda Sweet
	10/11/2000 05:04 PM

		 To: Dan J Hyvl/HOU/ECT@ECT, Carey M Metz/HOU/ECT@ECT, Thomas A
Martin/HOU/ECT@ECT
		 cc:
		 Subject: Draft Letter to TJ Sattler

Attached is the draft letter to TJ Sattler regarding Waha/Henry Hub Spread
Trade.  Please review and provide me with any comments.

Thanks.


Too many conflicts for today so we've moved to tomorrow...same time and location.


I agree with Stuart regarding the preference for the Assignment, Bill of Sale
and Conveyance.  It is a little confusing as to why AE, who was a party to
the original Participation Agreement, is not a party to a change in that
agreement.  This being said, the Conveyance, in my opinion, is cleaner and
has a better chance of being executed in a timely manner, which is the
essence of the property tax issue.

This is probably very minor, but do we need to address any equipment that has
not been purchased to date?  Jeff, what have not we purchased yet?

Regards,

Eric

From: Stuart Zisman@ECT on 12/12/2000 05:36 PM
To: Eric Boyt/Corp/Enron@Enron, Billy Lemmons/Corp/Enron@ENRON, James I
Ducote/HOU/ECT@ECT, Warren Schick/Corp/Enron@ENRON, Patrick
Maloy/HOU/ECT@ECT, Mike Coleman/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Kay
Mann/Corp/Enron@Enron
cc:

Subject: Austin Energy Amendments

In response to the attached email, I told Hal that I would prefer the
Assignment, Bill of Sale and Conveyance.  To me, that is easier and cleaner
(a tax auditor would likely be more comfortable with a simple document that
unconditionally demonstrates conveyance of title).  It is also consistent
with our discussion of the other day (except now ENA is conveying the
remaining interest in Enron Sandhill Limited Partnership (which actually
makes sense)).

Please provide any comments that you might have ASAP.

Stuart

----- Forwarded by Stuart Zisman/HOU/ECT on 12/12/2000 05:32 PM -----

	"Haltom, Hal" <halhaltom@akllp.com>
	12/12/2000 05:21 PM

		 To: <stuart.zisman@enron.com>
		 cc:
		 Subject: Austin Energy Amendments

Attached are two approaches to transferring title from ENA, as
contractor, to Austin Energy and Sandhill, as owner, to the equipment
and other materials to be incorporated into the project. I believe
either approach works.

1. Assignment, Bill of Sale, and Conveyance.  This document transfers
title from ENA to Austin Energy and Sandhill in the percentages that
they own the facility under the Participation Agreement. It would be
executed only by ENA.

2. Second Amendment to EPC Contract.  I have added a new paragraph 4 to
the existing proposed Second Amendment to EPC Contract. This paragraph
amends Section 7.8(a) of the EPC Contract to provide that title passes
when the owner pays ENA for the equipment but no later than December 15,
2000.

Please let me know which approach you believe would be preferable.

Thanks, Hal.

 <<Second Amend.doc>>  <<Asmt, Bos, Con.doc>>
 - Second Amend.doc
 - Asmt, Bos, Con.doc


Sara,
Below you can find the FX products that are currently active on EnronOnline
Thanks & see you at 2:00 pm
Carlos