The State Davis' Energy Advisors Draw SEC Attention Probe: Under review is
the possible use of inside information to buy power company stocks. GOP rival
of governor requested the inquiry.
Los Angeles Times, 07/31/01
Davis' top spokesman bought stock in power firm / Adviser denies conflict of
interest
The San Francisco Chronicle, 07/31/01

Davis press secretary confirms buying energy company stock
Associated Press Newswires, 07/31/01

India's Power Boards Lose $5 Bln as Subsidies Rise, Paper Says
Bloomberg, 07/31/01

India To Evaluate Options On Enron Stake Buy Out Offer
Dow Jones International News, 07/31/01

INDIA PRESS:Govt Asks Lenders To Bail Out Dabhol Pwr Proj
Dow Jones Asian Equities Report, 07/31/01

Report: Indian government orders financial institutions to save Dabhol power
project, as Enron wants to pull out
Associated Press Newswires, 07/31/01

FIs asked to work out deal for Dabhol completion
The Economic Times, 07/31/01

Houston-Area Firms Brace for Onslaught by Code Red Computer Worm
KRTBN Knight-Ridder Tribune Business News: Houston Chronicle - Texas, 07/31/01

Calif Gov Spokesman Says He Bought Calpine Stock In June
Dow Jones Energy Service, 07/30/01

Functioning In The Bandwidth Market No One Expected
Dow Jones Energy Service, 07/30/01

INDIA: India evaluating Enron's offer to quit Dabhol.
Reuters English News Service, 07/30/01

California Governor's Spokesman Says He Bought Calpine Stock
Bloomberg, 07/30/01

California; Metro Desk
The State Davis' Energy Advisors Draw SEC Attention Probe: Under review is
the possible use of inside information to buy power company stocks. GOP rival
of governor requested the inquiry.
WALTER HAMILTON JEFFERY L. RABIN; DARYL KELLEY
TIMES STAFF WRITERS

07/31/2001
Los Angeles Times
Home Edition
B-1
Copyright 2001 / The Times Mirror Company

The Securities and Exchange Commission has launched a preliminary inquiry
into whether energy consultants advising Gov. Gray Davis used inside
information to trade stocks of power companies doing business with the state,
a source with knowledge of the matter said Monday.
The federal agency began its review late last week, the source said, in
response to a request from California Secretary of State Bill Jones. A
Republican rival of Davis, Jones charged that stock trading by consultants
may have violated federal laws barring buying and selling based on
information not available to the public.
On Friday, top aides to the governor disclosed that five consultants had been
fired for possible conflicts of interest between their official positions and
their personal finances.
As news of the SEC inquiry spread through the capital Monday, Davis officials
were confronted by a flurry of questions about who in the administration owns
energy stocks.
Financial disclosure records filed by the governor's spokesman, Steve
Maviglio, show that he owns between $10,000 and $100,000 in a Texas company
he and his boss have accused of making "obscene" profits while California has
been "on its knees." Maviglio said he bought the shares in Houston-based
Enron Corp. in 1996.
"It's not a crime to own energy stock," Maviglio said.
He also owns 300 shares of San Jose-based Calpine Corp., which has the
largest share of the $43 billion in long-term state power contracts.
Maviglio placed the order for the stock on May 31, one day after San Jose's
mayor dropped his opposition to a controversial Calpine plant favored by the
governor and others. Under the terms of Maviglio's purchase, the transaction
was completed about three weeks later when the stock reached $40 a share, a
value of $12,000. It has since fallen in value.
"I viewed it as a good long-term investment," Maviglio said, adding that he
purchased the shares for his retirement account based on publicly available
information.
The Davis administration has spared Calpine the kind of fierce criticisms
that it has leveled at other electricity suppliers, such as Enron. But
California's grid operator has identified the company as one of many energy
merchants to overcharge the state millions of dollars.
The fired consultants also owned shares in Calpine, ranging in value from
several thousand dollars to more than $100,000, records show.
Another top Davis administration official, legal affairs secretary Barry
Goode, disclosed in his economic interest statement that he recently held
between $100,000 and $1 million in another out-of-state company accused of
multimillion-dollar price gouging.
In a statement, Goode said he sold his stock in Williams Co's. a month after
he began working for the governor in February. Goode said the shares were
supposed to be sold before he went on the state payroll, but his broker
failed to do so.
In light of the recent disclosures, Secretary of State Jones said the
governor must do more to ensure the public that its interest comes first.
"The governor should direct all of his staff to immediately file updated
conflict of interest statements that reflect current holdings and any
activity since their last statement of economic interest was filed," said
Jones, who is seeking the GOP nomination for governor.
Word of the SEC's entry into California's energy problems comes as the
governor faces harsh criticism from lawmakers and others for the quick and
broad hiring of highly paid private consultants to guide him through the
crisis.
In his written request to the SEC, Jones said that recently filed disclosure
documents showed that at least one consultant bought and sold shares of two
energy companies within the same month, raising "a red flag" about the
possibility of insider trading.
State law prohibits officials from participating in decisions involving their
personal financial interests.
The five consultants fired last week were among 11 named in Jones' letter,
delivered to the San Francisco office of the SEC last Wednesday. It was not
clear which individuals are the focus of the SEC's inquiry, or whether the
agency's review would result in any charges.
Two of the former traders said Monday that they had not been contacted by
federal investigators and knew nothing of an inquiry into possible insider
trading.
But William Mead, fired Thursday, said it is no mystery why so many of his
colleagues owned Calpine stock.
Mead said he bought it 2 1/2 years ago and made so much money he recommended
it to his colleagues last year, while they all still worked for the
now-defunct California Power Exchange in Alhambra. Calpine power was not
traded on that exchange, so there was no conflict of interest, he said.
Mead and three other energy traders--hired by the state in February and
March--were terminated by the Davis administration for allegedly buying power
for the state from Calpine while owning the company's stock. Fired traders
Herman Leung, Peggy Cheng and Constantine Louie did not list the date of
their Calpine purchases on financial statements that the state required to be
filed only two weeks ago.
"But I'm sure they bought it while they were still at the power exchange,
because that's when we discussed it," Mead said. "It was kind of like a
hobby. I'm sure it wasn't done with the intent to manipulate."
Former trader Elaine Griffin, who also owned Calpine stock and resigned two
weeks ago to take another job, said she didn't know she owned energy
securities until she checked with her financial advisor July 13, just before
leaving her state job.
Griffin said she and her husband own about $10,000 worth of Calpine stock in
individual retirement accounts managed by their advisor, who bought the stock
Feb. 1 without their knowledge, she said, after research found it to be a
good investment.
"I kind of feel like we've been used for political reasons," Griffin said.
"We would have disclosed anything right at first, but they never asked."
As a trader, Griffin said she occasionally bought Calpine power for the
state, but only at market prices.
Meanwhile, two Democratic political consultants, who helped Davis polish his
image after the ongoing energy crisis caused his poll numbers to plummet,
have agreed to accept no payment for their work as part of an out-of-court
settlement of a taxpayer lawsuit.
Tom Hiltachk, a lawyer for conservative anti-tax activist Lewis Uhler, said
the settlement was reached last Friday after negotiations with lawyers for
communications consultants Mark Fabiani and Chris Lehane.
"Now they will not receive one red cent," said Hiltachk. "Very simply Mr.
Fabiani and Mr. Lehane have agreed to cease all activities for the governor,
to accept no payments for their services and to basically get out of the
consulting business with the governor."
As his part of the agreement, Hiltachk said, Uhler withdrew his lawsuit
Monday morning.
Uhler had filed a lawsuit against the two consultants and Controller Kathleen
Connell in June contending that they should not receive any payments because
of a conflict of interest. The two men also did consulting work for
financially troubled Southern California Edison, which was seeking help from
Davis and the Legislature.
Connell, a former Los Angeles mayoral candidate who has been at odds with
Davis since he endorsed an opponent, had held up the payments pending the
outcome of the lawsuit.
Under an agreement with Davis, the men were to have been paid $30,000 a month
for six months.
Fabiani and Lehane could not be reached for comment.
*
Times staff writers Nancy Vogel and Virginia Ellis in Sacramento and Robert
J. Lopez in Los Angeles contributed to this story.

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

NEWS
Davis' top spokesman bought stock in power firm / Adviser denies conflict of
interest
Lynda Gledhill
Chronicle Sacramento Bureau

07/31/2001
The San Francisco Chronicle
FINAL
A.1
(Copyright 2001)

Already on the defensive over its energy advisers' financial holdings, Gov.
Gray Davis' administration came under fresh attack yesterday when his chief
spokesman admitted buying $12,000 worth of Calpine Corp. stock last month.
Steve Maviglio, Davis' acting director of communications, denied that his
purchase of the San Jose energy company's stock constituted a conflict of
interest. He said he would sell the stock if Davis or administration lawyers
asked him to.
"I invested in a growing California company," Maviglio said. "It's sad when
somebody tries to link owning energy stock with a conflict of interest."
The revelation came the same day that two high-priced consultants Davis
brought in earlier this year to help sell his energy policies to the public
agreed not to take any money for the work they have done. Davis was
criticized for hiring the two, partly because they had also worked as
consultants for Southern California Edison.
On Friday, Davis fired five energy advisers for possible conflict-
of-interest problems after they helped negotiate state spot-market purchases
or long-term power contracts. Four of the five owned stock in Calpine, and
the fifth held Enron shares.
ON THE DEFENSIVE
Maviglio, who had the task of explaining the firings, was on the defensive
himself yesterday.
He bought the Calpine stock in June after asking his broker to invest in it
when shares hit a certain price, he said. He said that showed he had made his
decision independently of whatever action he might have taken in the
governor's office on any particular day.
Calpine's stock has dropped some in the past month. As of yesterday, the 300
shares that Maviglio bought for $12,000 were worth about $11,100.
Maviglio said he had spoken out against Calpine as much as other energy
companies. He also owns Enron stock that he bought in February 1996 and has
disclosed on all forms, he added.
"I've called them pirates and gougers and lumped them in with all the rest of
the generators," Maviglio said.
Secretary of State Bill Jones, an announced GOP opponent of Davis for
governor in 2002, said Maviglio should be fired.
"These actions are unethical and unacceptable," said Jones, who called on the
governor's staff to release updated conflict-of- interest statements. "He had
the power to promote Calpine through press releases. That seems to me to be a
clear conflict of interest."
Calpine sold the state $14 million worth of power earlier this year and has a
large share of the $43 billion in long-term contracts for electricity that
the state has entered into.
Earlier this month, when he threw the ceremonial switch on a new Calpine
plant in Pittsburg, Davis singled out the company as being more cooperative
with California than out-of-state suppliers that the governor has
characterized as gougers.
IMAGE-POLISHING
The Davis administration tried to put another energy-related controversy
behind it yesterday as the two consultants brought in by the governor to
burnish his image agreed to forgo more than $50,000 in work they did for the
state.
Chris Lehane and Mark Fabiani will receive no compensation and will leave the
Davis administration immediately, under a settlement in a lawsuit filed on
behalf of a national taxpayer rights group.
Lehane and Fabiani -- nicknamed the "Masters of Disaster" for their work in
getting former President Bill Clinton out of political jams -- started in the
governor's office in May and were originally supposed to be paid $30,000 a
month.
It was later revealed that they had also worked as consultants for Southern
California Edison, which is trying to swing a deal with the state to avoid
bankruptcy. State Controller Kathleen Connell said she would not pay the two.
"It really raises the question in my mind, what is it about
conflict-of-interest and other ethical rules that the governor's office
doesn't understand?" said Lewis Uhler, president of the National Tax
Limitation Committee, which filed the lawsuit.
In June, Davis said Fabiani was no longer a communications consultant because
his work had been "successfully implemented." Lehane, on the other hand,
dropped his contract with Edison and signed a new agreement with Davis.
Lehane's new contract required him to work a maximum of 66 hours a month at
$150 an hour. His payments were to be capped at $76,000 for work from June 26
to Nov. 20, 2001.
'OUTRAGEOUS EXPENSE'
"This was an outrageous expense to taxpayers," Uhler said. "I believe there
was a clear violation of conflict-of-interest laws."
The consultants decided it was not worth the legal fees to fight the lawsuit,
Maviglio said. The two could not be reached for comment.
"It's shameful when people have to surrender their jobs in public service
because of a lawsuit," Maviglio said.
Jones, who filed a complaint with the Fair Political Practices Commission
concerning the two consultants, said, "I think it's clear from recent actions
by the governor's office that there have been rampant violations of the
state's conflict-of-interest laws. Their attempts to mitigate the damage from
these violations is too little, too late."
Jones said Davis should immediately require all of the consultants hired
during the energy crisis to file financial statements. There are 21 advisers
involved in power purchasing whom Davis has exempted, he said.
All the contractors who are required to file reports have done so, said
Maviglio.
In a related development, the Los Angeles Times quoted a source as saying the
Securities and Exchange Commission has launched a preliminary inquiry into
whether energy consultants advising Davis used inside information to trade
stocks of power companies doing business with the state.
The federal agency began its review late last week, the source said, in
response to a request from Jones.

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

Davis press secretary confirms buying energy company stock
By ALEXA HAUSSLER
Associated Press Writer

07/31/2001
Associated Press Newswires
Copyright 2001. The Associated Press. All Rights Reserved.

SACRAMENTO, Calif. (AP) - Gov. Gray Davis' press secretary recently purchased
the same energy stock as five consultants the governor fired last week, he
disclosed Monday.
Steve Maviglio confirmed that on June 20, he bought 300 shares of stock in
Calpine Corp., a San Jose-based power generator that has received about $13
billion in state contracts to supply electricity for up to 20 years.
Maviglio's disclosure comes after Davis' office hastily ended the contracts
of five consultants who helped negotiate state power contracts and held stock
in energy companies.
In a related development, an anonymous source told the Los Angeles Times on
Monday that the Securities and Exchange Commission has launched a preliminary
inquiry into whether the consultants used inside information to trade the
energy stocks.
About two dozen Davis energy consultants were required to fill out financial
disclosure statements after complaints of conflict of interest by Republicans
and consumer groups.
"When we reviewed them, we found possible violations of the law and took
swift action," Maviglio said Monday before Secretary of State Bill Jones
issued a press release calling for his termination.
Jones, a Republican, is a candidate for the GOP nomination to challenge Davis
in November 2002.
Maviglio defended his purchase, saying that he "owns several stocks in
companies in all fields that are growing and are based in California."
Maviglio said Monday that he requested on May 31 to purchase the stock if it
dipped to $40 a share, which it did two days after a June 18 ruling by
federal energy regulators restricting wholesale electricity prices in
California and 10 other states.
Maviglio served as Davis' chief spokesman urging the Federal Energy
Regulatory Commission to impose price ceilings on electricity wholesalers.
He also said he owns between $10,000 and $100,000 stock in Houston-based
Enron Corp. He said he purchased the stock in 1997 and has reported it on
financial disclosure forms. He said that it is "closer to $10,000."
Meanwhile, two energy consultants to Davis have agreed to forgo more than
$50,000 in work they did for the state.
Chris Lehane and Mark Fabiani will forgo the payments as part of a settlement
with a Sacramento-area resident who filed a lawsuit objecting to their
hiring, calling it a conflict of interest.
Fabiani could not be reached for comment Monday. In the settlement, they
admitted no wrongdoing.
Lehane issued a statement through the governor's office, calling it "simply
not worth the bother to challenge the controller in court."
Davis has come under fire for his May hiring of Lehane, former press
secretary for Vice President Al Gore, and Fabiani, a deputy campaign manager
for Gore's presidential run.
They were hired to help shape Davis' response to the energy crisis, and
helped craft Davis' aggressive attack on Texas-based energy companies and
President Bush.
Both also have advised Southern California Edison, which is negotiating for
state help in avoiding bankruptcy. Financial disclosure forms showed they
have each received at least $10,000 from Edison in the past year.
Davis announced at the end of June that Fabiani terminated his contract, and
Davis scaled back Lehane's role with the state.
State Controller Kathleen Connell then said she would not pay Lehane and
Fabiani for any of their work and now the two have agreed they will not fight
her decision, Maviglio said.
Lewis K. Uhler, the Placer County man who filed the lawsuit, said the
settlement "accomplished our objectives."
"We wanted to block the egregious use of taxpayer funds for essentially
political spinmeisters," he said. Uhler is president of the Roseville-based
National Tax Limitation Committee.
Maviglio said that Fabiani and Lehane "did good work for the state" and
helped the state win victories with federal regulators.

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

India's Power Boards Lose $5 Bln as Subsidies Rise, Paper Says
2001-07-31 01:53 (New York)

     New Delhi, July 31 (Bloomberg) -- India's state
electricity boards that distribute power lost 260 billion
rupees ($5.5 billion) in the year ended March because of rising
subsidies and electricity thefts, the Business Standard
reported, citing government figures.
     Power subsidies, mainly to farmers, rose 12 percent to
370.37 billion rupees last year and made up for half the
average tariff of 2.12 rupees a kilowatt-hour. Subsidies have
risen 83 percent since 1997.
     Power costs have risen 41 percent the past three years to
3.03 rupees a kilowatt-hour though the growth in tariffs has
been lower at 28 percent, leading to losses, the paper said.
     Forced to sell subsidized power to farmers and hurt by
power thefts, electricity boards are unable to pay power
generators. Two U.S. power producers, Enron Corp. and AES
Corp., have asked the government to buy out their stakes in
local power projects because of unpaid bills.

India To Evaluate Options On Enron Stake Buy Out Offer

07/31/2001
Dow Jones International News
(Copyright (c) 2001, Dow Jones & Company, Inc.)

NEW DELHI -(Dow Jones)- India will evaluate all options before making a
decision on U.S. energy major Enron Corp.'s (ENE) offer to sell its majority
stake in the controversial Dabhol Power Co. to the government, a senior
Indian Power Ministry official said Tuesday.
"We are closely watching all the developments. Enron hasn't formally
approached us with an offer. It will be premature to say anything on the
issue now. The government will take a stand on the Enron matter only after
thoroughly studying all the prospects and consequences," said the official.
A spokesman for Dabhol Power Co. said his company has had no contact with the
federal government lately.
Enron said Saturday the company wanted to sell its stake in Dabhol Power Co.
to India's federal government or one of the project's lenders.
Enron holds a controlling 65% equity in Dabhol Power Co., located in the
western Indian state of Maharashtra. The Dabhol Power Co. plant has a
capacity to generate 740 megawatts but is currently not operating because of
payment disputes with its sole buyer, the Maharashtra State Electricity
Board. MSEB stopped drawing electricity from Dabhol May 29, saying the
company's tariffs were "unaffordable."
Work on an 85% complete 1,444 MW phase II of the Dabhol project was stopped
in mid-June because of Dabhol Power Co.'s financial difficulties.
At $2.9 billion, Dabhol Power Co. is the single largest foreign investment in
India to date.
-By Himendra Kumar; Dow Jones Newswires; 91-11-461-9426;
himendra.kumar@dowjones.com -0- 31/07/01 10-09G

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

INDIA PRESS:Govt Asks Lenders To Bail Out Dabhol Pwr Proj

07/31/2001
Dow Jones Asian Equities Report
(Copyright (c) 2001, Dow Jones & Company, Inc.)

NEW DELHI -(Dow Jones)- India's federal government has directed financial
institutions, led by the Industrial Development Bank of India (P.IDB), to
work out a package for saving the controversial $2.9 billion Dabhol power
project in the western Indian state of Maharahtra, reports the Financial
Express.
U.S. energy company Enron Corp. (ENE) holds a controlling 65% stake in Dabhol
Power Co., which operates a 740-megawatt power plant.
The move comes on the heels of Enron's decision to pull out of India's power
sector, says the newspaper report.
The package is aimed at completing the 1,444-megawatt phase II of the Dabhol
project. A sum of $550 million is required to complete the project, of which
lenders have agreed to pump in around $320 million. As Enron doesn't want to
inject fresh money into Dabhol, the financial institutions will either have
to scout for a new investor for the project or pump in the remaining $230
million themselves, the report said.
Web site: http//www.financialexpress.com

-By Himendra Kumar; Dow Jones Newswires; 91-11-461-9426;
himendra.kumar@dowjones.com

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

Report: Indian government orders financial institutions to save Dabhol power
project, as Enron wants to pull out

07/31/2001
Associated Press Newswires
Copyright 2001. The Associated Press. All Rights Reserved.

NEW DELHI, India (AP) - The federal government has told financial
institutions to pump in more money or find a new investor to save the Dabhol
power project, now that U.S.-based Enron Corp. has said it wants out, The
Financial Express reported Tuesday.
The Industrial Development Bank of India, and other institutions, have been
told to work out a package to complete the dlrs 2.9 billion project in
western Maharashtra state, the paper said, quoting unidentified officials of
the banks and the Power Ministry.
Power Ministry officials were quoted as saying that Enron had agreed in
principle to finish the project if the dlrs 230 million can be found, and
then Enron could sell its majority stake.
The project was billed as the world's largest natural gas-fired power plant,
able to generate 2,184 megawatts once completed at Dabhol, 335 kilometers
(210 miles) south of Bombay. The second phase, to be run on liquefied natural
gas, was to be commissioned by the end of the year.
Enron, based in Houston, Texas has invested dlrs 875 million in the project -
India's biggest foreign investment. Enron said July 28 it wants the Indian
government and lenders to buy out its 65 per cent stake.
The plant stopped production in May after its only customer, the Maharashtra
State Electricity Board, said it was canceling a seven-year-old power
purchase agreement. The state also stopped buying power from Enron's
two-year-old naphtha plant.
The state says Enron's prices are too high and has demanded the contract be
renegotiated.
The Financial Express said that lenders are ready to pump another dlrs 320
million into Dabhol, but there is a shortfall of an additional dlrs 230
million.
The financial institutions will have to find a new investor or provide the
money themselves, the newspaper quoted its sources as saying.
It also quoted Power Ministry officials as saying it would be difficult to
find a buyer until the project is completed. Some of the needed money may be
sought from Maharashtra state, which had committed to making payments, the
paper quoted Power Ministry officials as saying.
The current charges for power are still a matter of contention, however.
The paper said Enron had reduced its price demands, after the government
offered various tax and customs duty concessions, but the government wants
the price for electricity to be cut further.
(lak)

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

FIs asked to work out deal for Dabhol completion
Soma Banerjee

07/31/2001
The Economic Times
Copyright (C) 2001 The Economic Times; Source: World Reporter (TM)

FINANCIAL institutions led by Industrial Development Bank of India have been
directed by the Centre to work out a package by which the controversial
Dabhol Power plant can be completed which in turn could pave the way for the
sale of equity by Enron.
Enron, which has a $2.9 billion stake in the project has recently announced
its decision to pull out of India. This comes barely weeks after the visit of
Enrons chairman Kenneth Lay who had then maintained that the 'company is
committed to India' and is looking forward to 'positive talks'.
The package which will be submitted to a high level committee, which is
represented by the finance, power and law ministry and headed by union
finance secretary Ajit Kumar. Representatives of the Union power and finance
ministry met last week to thrash out the main objectives of the package.
According to FI sources, the package which is expected to be finalised
shortly will have to have a twin objective of completing the project and
finding takers for the power to be generated.
The phase II of the project (phase I of which is already operational)
requires an additional investment of $550 million to be completed of which
$320 million has already been tied up with the lenders.
Another $230 million has to be pumped in into the project. Given the fact
that Enron is unwilling to pump in any more funds in the project, the FIs
will have to look for the additional resources.
The required resources can be moped up only through the infusion of fresh
investments by a new developer or if the FIs are willing to put in the money
themselves.
FIs are also holding discussions with MSEB to honour their obligation and pay
up the fixed charges of about Rs 95 crore which could then be used for
completing the project.
Sources said although Enron has decided to call it a day in the Indian power
sector, the company is not averse to the proposal of completing this project
without any further investments. Experts are of the view that this would make
sense even for Enron who could then expect a better price for its equity.
On the sale of power and restructuring of tariff, the FIs are holding
negotiations with DPC and the various agencies who play a role in
contributing to the tariff. While DPC has offered a tariff of Rs 3.59 per
unit, the FIs will try and work towards a tariff close to Rs 2.80 per unit.
Apart from aspects like working a separate arrangement for the LNG plant,
reduction in Customs duty and sales tax on LNG, attempts would be made to
also try and reduce LNG prices by asking the suppliers to rework their rates.
Official sources indicated that Enrons decision to finally announce its
intention to exit from the Dabhol project is likely to lead to some decision
this way or the other.
The Centre which has till now played a passive role and has left the issue to
be resolved bilaterally is now playing a more proactive role and will
definitely take every step to avoid litigations at the international lenders
level.

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

Houston-Area Firms Brace for Onslaught by Code Red Computer Worm
Tom Fowler

07/31/2001
KRTBN Knight-Ridder Tribune Business News: Houston Chronicle - Texas
Copyright (C) 2001 KRTBN Knight Ridder Tribune Business News; Source: World
Reporter (TM)

Technicians at Reliant Communications and other Internet service providers
will burn the midnight oil tonight and well into Wednesday, fighting the
rebirth of an Internet worm some say could be the worst threat to the Web to
date.
The Code Red worm, an online infection first spotted on July 19, is expected
to awaken from its dormant state on hundreds of thousands of computers around
the world at about 7 p.m. CST today. Tuesday. It will then start flooding the
Internet with traffic as it tries to replicate itself, creating the
equivalent of an overwhelming number of surfers hitting the Web at once.
Dave Power, senior vice president of technology at Reliant Communications,
said nearly every Internet service provider is taking the threat seriously
and will monitor it carefully as it develops.
"At the end of our staff meeting today the message we all left with was, `Be
prepared for the siege,'" Power said.
Unlike a virus, which spreads when a user opens an e-mail attachment, Code
Red is a self-propagating worm that spreads itself without human
intervention.
When Code Red first showed up earlier this month it infected more than
250,000 systems in just nine hours, security officials say. It tried to shut
down the White House's Web server by sending a flood of data requests its
way, but officials changed the Internet Protocol address, the numeric
reference to a computer's location on the Internet, of the White House site
before the attack began.
When the worm reactivates Tuesday tonight it could begin spreading more
quickly, bringing sporadic but widespread Internet slowdowns and defacing Web
pages.
The potential threat to Internet service is so severe that several federal
agencies and companies, including the FBI and Microsoft, held a joint press
conference Monday.
"The Internet has become indispensable to our national security and economic
well-being," said Ron Dick, head of the National Infrastructure Protection
Center, an arm of the FBI. "Worms like Code Red pose a distinct threat to the
Internet."
Code Red scans the Internet for Web servers, sending a string of code to
those machines that takes up residence not in the hard drive but in the
buffer memory where it is difficult to detect. The worm targets servers
running Microsoft Windows NT and Windows 2000 with Internet Information
Server, or IIS, software versions 4.0 and 5.0.
The worm isn't likely to infect the computers most people have at home or on
their desktops at work, but rather will infect Web servers, the powerful
machines kept in air-conditioned data centers that let people view Web sites
online. That means any sort of Web surfing, from checking e-mail to buying
books online to looking up stock quotes, may be anywhere from significantly
slow to nearly impossible.
"So the ordinary person using a cable modem or DSL won't be infected, and
they don't need to worry about their privacy or confidentiality," said Chris
Pick, vice president of product strategy for Houston-based PentaSafe Security
Technologies. "But they will notice that some of the Web sites they want to
hit are either running slowly or are simply not available."
Unlike an e-mail virus, which spreads when a user opens an e-mail attachment,
Code Red is a self-propagating worm that spreads itself without human
intervention.
Code Red scans the Internet for Web servers, sending a string of code to
those machines that takes up residence not in the hard drive, but in the
buffer memory where it is difficult to detect. The worm targets servers
running Microsoft's Internet Information Server, or IIS, software versions
4.0 and 5.0.
From within a server Code Red begins scanning a randomly generated list of
Internet addresses to find another server to infect. If the infected server's
default language is English, all Web pages served by that machine will be
defaced with the message "HELLO! Welcome to http://www.worm.com! Hacked by
Chinese!"
Officials say they have not identified the author of the program, but its
name is said to be a reference to a soda made by Mountain Dew that is popular
with hackers, and the name is not a reference to "Red" China.
Officials say they have not identified the author of the virus, but its name
is said to be a reference to a popular soda made by Mountain Dew with hackers
and not China.
The real problems created by Code Red are not related to security or privacy
issues, or even the Web page graffiti, but rather the amount of traffic that
will be generated by hundreds of thousands of Web servers sending out data
packets searching for other machines to infect.
The first 19 days of a month the worm is set up to scan and infect, but from
day 20 until day 27 the worm floods a certain Internet address -- in this
case the White House Web server -- with information requests causing a
denial-of-service attack.
The White House changed its Internet address prior to the attack earlier this
month and avoided being knocked out, but that didn't kill off Code Red. The
worm has been sitting dormant on servers for the past two weeks, but when the
date changes from 31st to the 1st, it will begin scanning for new hosts to
infect again.
A software patch to fix the Microsoft IIS program's vulnerability has been
available since June, a few weeks after developers and security experts found
the problem. Unfortunately, not enough system administrators and Web masters
installed it before the outbreak.
"Hacker groups in general are aware of these vulnerabilities, but they can be
taken care of relatively easily with just a little vigilance," Pick said.
Jeremy Hewlett, security administrator for Reliant Communications, said
downloading the software patch should be the first priority for any system
administrator. In addition to the Microsoft site, the National Infrastructure
Protection Center, www.nipc.gov, and Symantec Co., www.symantec.com cq for
both addresseshave information about detecting and removing the worm.
Observers say Microsoft products are common targets for virus writers because
the software is found running on so many sites and because Microsoft has not
always been as attentive to security issues as it could be.
"With Windows NT and Windows 2000 they were engineered to work in tandem with
a lot of other systems at once, so security was not engineered into the
products from the start," Pick said. "They haven't focused on it much in the
past but are starting to become more aware of it."
Microsoft is known for not testing its products as well as it could either,
Power said, which also leads to many post-release patches and updates.
"They're not very forthcoming with problems, which is why you'll see most
people go to the public and press with issues first," Power said.
Microsoft took part in the public warnings about Code Red on Monday and has
been providing the patch for free on its Web site for weeks.
Hewlett said the staff at Reliant Communications has already cleared its
network of the worm but is expecting to work late Tuesday night monitoring
incoming attacks from other infected servers. University networks are among
some of the likely breeding grounds since schools' Information Technology
departments tend to be particularly short-staffed in the summers.
"We saw enormous volumes of traffic from the schools last time, but nobody
really monitors the university networks for this," he said.
While the denial-of-service attack aimed at the White House could have been
damaging if it had not been redirected in time, there's nothing stopping a
virus writer from setting his or her sights on another target, like a
company's Web site.
"It could be Enron's site, it could be any other government site, or any part
of the net's infrastructure that's vital to the economy," Pick said. "Houston
is just as likely as any other city to be infected."

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

Calif Gov Spokesman Says He Bought Calpine Stock In June

07/30/2001
Dow Jones Energy Service
(Copyright (c) 2001, Dow Jones & Company, Inc.)

LOS ANGELES -(Dow Jones)- A spokesman for Gov. Gray Davis purchased shares of
Calpine Corp (CPN) on June 20, 2001, he said Monday, but declined to say how
many shares he purchased.
This is the first time an official in Davis' office has admitted to
purchasing shares in energy companies since the state took on the job of
buying power in January in lieu of the utilities.
As reported, the U.S. Securities and Exchange Commission has been
investigating Davis administration officials for more than a month to see if
they purchased stock in energy companies using information that was
unavailable to the public. Davis spokesman Steve Maviglio said, however, that
his stock holdings did
not represent a conflict of interest. Maviglio has not been named in the
SEC investigation, and says he made his purchases based on public
information.

"There's no crime in owning energy company stocks," Maviglio said. "My
purchase of Calpine was based on information I read in the newspapers."
Maviglio also owns between $10,001-$100,000 in Enron Corp (ENE) stock,
according to a 2000/2001 financial disclosure form. He said he has owned
Enron stock since 1996.

Last week, five state energy consultants were fired by Davis' staff for
conflicts of interest because they helped California buy power from Calpine,
a company in which they owned stock, state officials said.
The consultants, who were hired by the state in January, did not file
economic interest statements until July, when Secretary of State Bill Jones
revealed that the consultants and energy traders held stocks in energy
companies they were buying from. Jones said Monday that Maviglio's actions
were "unethical, unconscionable and unacceptable."
"The Governor should direct all of his staff to immediately file updated
conflict of interest statements to reflect current holdings and any activity
since their last Statement of Economic Interests was filed," Jones said in a
statement. Jones, a Republican who hopes to challenge Democrat Davis next
year for governor and who has been highly critical of Davis' handling of the
energy crisis, also called for an expansion of investigations.
"The SEC, the Attorney General and the Fair Political Practices Commission
must now expand their investigations to include all of the Governor's staff
in addition to the consultants who are already under investigation," the
statement said.
Attorney General Bill Lockyer has not yet decided whether he will launch an
investigation into the Davis administration, a Lockyer spokeswoman said.
The governor's own investments are in a blind trust, meaning a trustee
handles Davis' financial affairs and the governor has no knowledge of the
investments.
"I have always owned mutual funds and have never bought stock in individual
companies. That has been my policy since the beginning of my administration,"
Davis said Monday at a bill-signing event in Los Angeles.
State conflict-of-interest laws say that public officials cannot negotiate
contracts for companies in which they hold stock, and officials cannot use
their positions to influence the state's decisions with respect to those
companies.
The conflict-of-interest laws apply to all state bodies, including the
California Public Utilities Commission and the California Independent System
Operator, which runs the state's real-time energy market.
The five members of the ISO Board of Governors listed no holdings in energy
companies since Jan. 24 on their most recent disclosure forms, signed between
Jan. 24-July 24. The board was appointed by Davis in January. Disclosure
forms for the CPUC and employees with the California Department of Water
Resources, the state's power-buying arm, could not be immediately obtained.
SEC investigators said Sunday that a preliminary investigation has revealed
that several employees and consultants working directly with Davis on energy
issues have purchased "significant" shares of Calpine stock between January
and July. Individuals purchased stocks in other energy companies, but
invested heavily in Calpine, the investigators said. Nearly half of the
state's $43 billion in long-term energy pacts will come from Calpine,
according to details of contracts released last month. Some of the contracts
were signed as early as February, but Davis had refused to release the
details of the supply until a Superior Court Judge ordered the administration
to do so in mid-June after news organizations filed a lawsuit.
Davis has accused power suppliers of price gouging, and his attorney general
hopes to send power company executives to jail. But Davis has spared Calpine
the invective, touting the San Jose-based generator as a "California company"
helping to keep the lights on in the state.
Maviglio has said the governor has praised Calpine because its prices are
well below those charged by other generators and because the company has
invested in California for the long haul.
Calpine is "not attempting to suck every dime out of the state and throw
parties in Houston," he said.
-By Jessica Berthold and Jason Leopold, Dow Jones Newswires;
323-658-3872/3874; jessica.berthold@dowjones.com, jason.leopold@dowjones.com

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

Functioning In The Bandwidth Market No One Expected
By Erwin Seba
Of DOW JONES NEWSWIRES

07/30/2001
Dow Jones Energy Service
(Copyright (c) 2001, Dow Jones & Company, Inc.)

HOUSTON -(Dow Jones)- Band-X Ltd., the longest-lived bandwidth exchange, has
survived by moving as the market has developed, said a London-based analyst
of the London-based company.
"Their business model is sound," Ciara Ryan, senior manager in the bandwidth
trading department at Arthur Andersen's London office, told Dow Jones
Newswires. "They understand the limitations of the market. They didn't try to
fix the world overnight."
Band-X began trading bandwidth in 1997, two years before Enron Corp. (ENE),
announced it was going to be a market-maker in bandwidth trading.
But, a company executive said part of the reason for his company's success is
it lacks an energy- merchant background.
"The difference between gas and bandwidth is you can't store bandwidth,"
Donald Noonan, vice president of Networks, told Dow Jones. In 2000, the
privately held company saw $80 million in bandwidth trades, Noonan said.
The company has offices across Europe, Asia and in the U.S.
The company also operates a telecommunications minutes exchange and a
colocation exchange, which is increasing business as companies seek to gain
some return on an investment in a network with rapidly declining profit
potential, while others seek to buy or lease what they would otherwise build.
"We are constantly seeing the leasing of capacity," Noonan said.
But the contract time periods are shifting from the previously common 20-year
lease to 1-year or 10- or 20-year contracts, he said.
And the company has won favorable reviews from the most conservative part of
the market, the carriers, Ryan said.
"They have a lot critical mass and lot of support in the marketplace," she
said.
-By Erwin Seba, Dow Jones Newswires; 713-547-9214; erwin.seba@dowjones.com

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

INDIA: India evaluating Enron's offer to quit Dabhol.

07/30/2001
Reuters English News Service
(C) Reuters Limited 2001.

NEW DELHI, July 30 (Reuters) - Indian officials said on Monday they were
evaluating an offer by U.S. energy firm Enron to sell its stake in troubled
Dabhol power project to the federal government.
A spokesman for the Dabhol Power Company, in which Enron holds a 65-percent
stake, said on Saturday the firm and its partners wanted to sell equity in
the project to the federal government or the lenders.
"We are assessing the situation. It is too premature to say anything right
now," a senior federal power ministry official, who did not want to be
identified, told Reuters.
He said the federal government had not received any formal offer from Enron
to sell its equity in the controversial project.
Government sources said that ministry officials were talking to Indian
financial institutions to assess Enron's statement.
A power ministry official said if the federal government picked up Enron's
equity in the project, it could save the government millions of dollars in
penalties which it would have to pay if it lost an arbitration case over the
project.
Apart from Enron, DPC's shareholders include U.S. group General Electric and
Bechtel, which own 10 percent each, and a local utility, the Maharashtra
State Electricity Board (MSEB), which holds 15 percent.
Enron has been locked in a bitter payment dispute with MSEB, which had signed
a contract to buy all the power produced by Dabhol, whose first phase of 740
MW was completed last year, and the second phase of 1,444 MW is nearly
complete.
A BLESSING
India's western state of Maharashtra, where the project is located, welcomed
Enron's offer to sell its equity in the controversial project, the Press
Trust of India reported.
"It will be God's biggest blessing for us," the agency quoted the state's
Energy Minister Padamsinh Patil as saying in Bombay.
It also quoted the head of a negotiating committee, M. Godbole as saying that
the panel's next meeting, scheduled after a month, would be cancelled in view
of Enron's statement that it wants to exit Dabhol.
MSEB and Enron's dispute escalated in April, when the U.S. firm notified the
government it was applying to an arbitration court in London to consider its
claim for 1.02 billion rupees owed by MSEB for power it purchased in December
from DPC.
The company also sent a political force majeure notice to MSEB. Such a notice
is a contractual clause dissatisfied parties give as a first step towards
possibly dissolving a contract.
In May, the defaulting utility stopped buying power from Dabhol, saying it
was expensive.

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

California Governor's Spokesman Says He Bought Calpine Stock
2001-07-30 21:36 (New York)

California Governor's Spokesman Says He Bought Calpine Stock

     Sacramento, California, July 30 (Bloomberg) -- A spokesman
for California Governor Gray Davis said bought $12,000 worth of
stock in energy producer Calpine Corp. in June as the state was
working with the company to open new power plants and buying
millions of dollars a day in electricity.
     Davis spokesman Steve Maviglio purchased 300 shares of
Calpine on June 20 after putting in an order on May 31 to buy the
stock when it fell to $40, he said. The purchase is being reviewed
by the Governor's legal office, Maviglio said.
     ``These purchases were based on no knowledge of anything,
just public information about a growing California company,''
Maviglio said. ``I've informed the governor, the chief of staff
and our legal counsel today. I'd be glad to divest myself if
that's what required.''
     Maviglio also said he owns between $10,000 and $100,000 in
Enron Corp. shares, which he said he purchased in 1996. His
purchases came to light three days after California officials said
they fired five consultants hired to advise California on energy
after they disclosed that they owned shares of Calpine.
     The consultants worked for the Department of Water Resources,
which at the time was buying millions in electricity from Calpine
and other energy generators. California has spent almost $8
billion buying electricity for its two largest utilities, which
have been insolvent since January.
     Nine energy consultants were ordered by Davis's lawyer Barry
Goode last week to sell any energy-company stock they owned,
including shares of Enron Corp., Calpine Corp., and Dynegy Inc.,
after Secretary of State Bill Jones pressured Davis to release
details of their holdings.
     Jones said today in a statement that Maviglio should be fired
for the purchases.
     ``These actions are unethical, unconscionable, unacceptable
and heads should role,'' Jones said. ``Mr. Maviglio should be
fired immediately.''
     Jones has publicly called on Davis to force the 50
consultants hired by the state to disclose their holdings in
energy companies. Last week he urged the Securities and Exchange
Commission to investigate whether any of the consultants or
advisers traded stock based on non-public information.
     Maviglio said no one in the administration or at the
Department of Water Resources had been contacted by the SEC. ``No
one's been contacted either here or at DWR,'' Maviglio said.
     A spokeswoman for the SEC in San Francisco, Helane Morrison,
said the agency would not confirm or deny an investigation.
     Calpine shares are down 6.8 percent since June 20, when
Maviglio says he purchased the shares.


Bob,

I faxed over the signed NDA. Please fax back a signed copy from your end.
(415)
646-7001. I look forward to seeing the creative brief.

Best Regards

Bob Shults wrote:

> Hi Keith
>
> Tana Jones from our legal department will be sending you a copy of our non
> disclosure agreement for your review.  Once we are able to get an agreement
> signed I will forward you a copy of the creative brief I discussed with you
on
> Friday.

--
______________________________________

Keith Figlioli
Director of Business Development
NOVO
Relationship Architects for e-Business

Voice 415.291.7116 | Fax 415.646.7001
kfiglioli@novocorp.com
http://www.novocorp.com


thanks for your payment.I will mail your card tomorrow.thanks again,mark

----- Original Message -----
From: <jason.wolfe@enron.com>
To: <msipe@conninc.com>
Sent: Thursday, October 18, 2001 7:05 PM
Subject: Jason Wolfe has just sent you $66.85 with PayPal

> Jason Wolfe just sent you payment for an auction
> item with PayPal.
>
> Buyer:  Jason Wolfe (jason.wolfe@enron.com)
>
> ------------------------------
> Payment Details
> ------------------------------
>
> Winning Bid: 64.85
> Shipping:    0.00
> Insurance:   2.00
> _________________________
> Total:       66.85
>
> View the details of this transaction online at:
> https://www.paypal.com/vst/id=55E55982NN834532U
>
> ------------------------------
> Auction Information
> ------------------------------
>
> Auction Site: eBay
> Item URL:
http://cgi.ebay.com/aw-cgi/eBayISAPI.dll?ViewItem&item=1013506357&ed=1002335
275
> Auction Title:   Re: ITEM # 1013506357 HENDERSON ROOKIE
> Item Number:  1013506357
> Close Date:   October 18, 2001
>
>
> ------------------------------
> Jason Wolfe's CONFIRMED Address
> ------------------------------
>
> Jason Wolfe
> 2300 W. Alabama
> Apt. 6
> Houston, TX 77098
> USA
>
>
> Thank you for using PayPal!
>
> The PayPal Team
>
> Note: When you click on links in this email, you will be
> asked to login to your PayPal account. As always, make sure
> that you are logging into a secure PayPal page by looking for
> "https://www.paypal.com/" at the beginning of the URL.
>
>
> ----------------------------------------------------------------
>                     PROTECT YOUR PASSWORD
>
>        NEVER give your password to anyone. If anyone asks
>        you for your password, please follow the Security
>           Tips instructions on the PayPal.com website.
> ----------------------------------------------------------------
>
>
>


I'm glad you remembered my email.  Glad to see you too.  Now that I have your email you are sure to get the invite for next years partyI actually ran into Anthony Magdaleno about 2 weeks ago.  Do you know him?  He was in the same volunteer group w/ Monica and I.
I think we are going to meet up at woodrows again this friday.  I like the location....and some different faces as well as opposed to the kirby crowd.
I work on the west gas trading desk here at enron....if you have friends who work in gas as well, perhaps i know them.  Of course this place is like A&M....huge.  Take care and hopefully we'll see each other out again. Say hello to Monica for me.  Maybe we can meet up sometime after work for drinks.

Monique

 -----Original Message-----
From: 	Rosie.M.Gonzalez@chase.com@ENRON [mailto:IMCEANOTES-Rosie+2EM+2EGonzalez+40chase+2Ecom+40ENRON@ENRON.com]
Sent:	Wednesday, May 23, 2001 12:22 PM
To:	Sanchez, Monique
Subject:	testing

i'm glad we ran into each other at woodrow's on friday.  hope you had fun.
i had a blast.

a lot of my friends work at enron now, maybe we know more people in common.

have a great day!  maybe i'll hear from you soon....

rosie


Eric,

Mandeep Chahal, Ainsley Gaddis, Sofya Tamarchenko, Elena Chilkina, James
Aimone
should not count. M. Chahal was transferred to the New Company, the rest are
summer interns
(gone back to school), or part-time high  school or college kids. I shall
walk  around and remind the rest
of the crowd about the deadline.

Vince

Eric Thode@ENRON
08/25/2000 02:31 PM
To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: Follow-up

Vince --

We have been working the last few days to get ENA's United Way participation
rate up as high as possible.  I called earlier about your Cost Center because
the following 16 employees were listed in Power Trading, but I believe are
part of the Research organization.

If you have a chance, could you encourage them to log onto
http://unitedway.enron.com on the intranet and make a contribution to the
United Way.  The deadline is today.

Thanks.

Eric

Employees in your Cost Center:

Ainsley Gaddis  Elena Chilkina  James Aimone   Jose Marquez
Kevin Moore  Mandeep Chahal Maureen Raymond  Osman Sezgen
Paulo Issler  Peyton Gibner  Pinnamaneni Krishnarao Samer Takriti
Sofya Tamarchenko Thomas Halliburton William Smith   Yana Kristal


tell them to archive it
PL

 -----Original Message-----
From: 	Brady, Edward
Sent:	Thursday, November 29, 2001 4:16 PM
To:	Love, Phillip M.
Subject:	FW: book archive

 -----Original Message-----
From: 	Singla, Kimat
Sent:	Thursday, November 29, 2001 4:15 PM
To:	Brady, Edward
Subject:	FW: book archive

Ed, please take a look at this request and respond. Thanks.

Kimat

 -----Original Message-----
From: 	Li, Shasha
Sent:	Thursday, November 29, 2001 3:57 PM
To:	Singla, Kimat
Cc:	Hernandez, Nancy
Subject:	book archive

Kimat,
We are working on the archived book list.   We found out that FT-NORTHEAST-GDL, FT-NORTHEAST-IDX and FT-NORTHEAST-PRC are inactive books.  Can you  please let us know if they can be moved to the archived book list?

Thank you
Shasha
Risk Control Group


---------------------- Forwarded by Kate Symes/PDX/ECT on 11/21/2000 09:15 AM
---------------------------

Monica Lande
11/20/2000 02:25 PM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: Re: Final Name Change/Merger Notification 11/00

Cheryl Johnson@ENRON
11/20/2000 02:29 PM
To: Laurel Adams/HOU/ECT@ECT, Amelia Alland/HOU/ECT@ECT, Lauri A
Allen/HOU/ECT@ECT, Bridgette Anderson/Corp/Enron@ENRON, Arfan
Aziz/LON/ECT@ECT, Cyndie Balfour-Flanagan/Corp/Enron@ENRON, Edward D
Baughman/HOU/ECT@ECT, Kimberlee A Bennick/HOU/ECT@ECT, Lisa Berg
Carver/HOU/ECT@ECT, Anne Bike/Corp/Enron@Enron, Georgia
Blanchard/HOU/ECT@ECT, Jennifer Blay/HOU/ECT@ECT, Fred Boas/HOU/ECT@ECT, Bob
Bowen/HOU/ECT@ECT, Debbie R Brackett/HOU/ECT@ECT, Linda S Bryan/HOU/ECT@ECT,
Lesli Campbell/HOU/ECT@ECT, Anthony Campos/HOU/ECT@ECT, Sylvia A
Campos/HOU/ECT@ECT, Nella Cappelletto/CAL/ECT@ECT, Cary M
Carrabine/HOU/ECT@ECT, Clem Cernosek/HOU/ECT@ECT, Pat
Clynes/Corp/Enron@ENRON, Marilyn Colbert/HOU/ECT@ECT, Brad
Coleman/HOU/ECT@ECT, Donna Consemiu/HOU/ECT@ECT, Robert Cotten/HOU/ECT@ECT,
Mike Croucher/HOU/ECT, Romeo D'Souza/HOU/ECT@ECT, Shonnie Daniel/HOU/ECT@ECT,
Cheryl Dawes/CAL/ECT@ECT, Sherry Dawson/NA/Enron@Enron, Rhonda L
Denton/HOU/ECT@ECT, Russell Diamond/HOU/ECT@ECT, Stacy E Dickson/HOU/ECT@ECT,
Bradley Diebner/HOU/ECT@ECT, Cheryl Dudley/HOU/ECT@ECT, Michael
Eiben/HOU/ECT@ECT, Susan Elledge/NA/Enron@Enron, Faye Ellis/HOU/ECT@ECT,
Diane Ellstrom/HOU/ECT@ECT, Veronica Espinoza/Corp/Enron@ENRON, Enron Europe
Global Contracts and Facilities, Enron Europe Global CounterParty, Daren J
Farmer/HOU/ECT@ECT, Jacquelyn Farriel/GPGFIN/Enron@ENRON, Genia
FitzGerald/HOU/ECT@ECT, Irene Flynn/HOU/ECT@ECT, Shawna Flynn/HOU/ECT@ECT,
Susan Flynn/HOU/ECT@ECT, Hoong P Foon/HOU/ECT@ECT, Rebecca Ford/HOU/ECT@ECT,
Randall L Gay/HOU/ECT@ECT, Camille Gerard/Corp/Enron@ENRON, Scotty
Gilbert/TOR/ECT@ECT, Lisa Gillette/HOU/ECT@ECT, Carolyn Gilley/HOU/ECT@ECT,
Winston Goodbody/HOU/ECT@ECT, Amita Gosalia/LON/ECT@ECT, Mary G
Gosnell/HOU/ECT@ECT, Melissa Graves/HOU/ECT@ECT, Andrea R
Guillen/HOU/ECT@ECT, Sanjeev Gupta/NA/Enron@ENRON, David Hardy/LON/ECT@ECT,
Bill D Hare/HOU/ECT@ect, Kenneth M Harmon/HOU/ECT@ECT, Tony
Harris/HOU/ECT@ECT, Peggy Hedstrom/CAL/ECT@ECT, Elizabeth L
Hernandez/HOU/ECT@ECT, Brenda F Herod/HOU/ECT@ECT, Marlene
Hilliard/HOU/ECT@ect, Liz Hillman/Corp/Enron@Enron, Nathan L
Hlavaty/HOU/ECT@ECT, Jim Homco/HOU/ECT@ECT, Cindy Horn/LON/ECT@ECT, Larry Joe
Hunter/HOU/ECT@ECT, Rahil Jafry/HOU/ECT@ECT, Tana Jones/HOU/ECT@ECT,
Katherine L Kelly/HOU/ECT@ECT, Nanette Kettler/HOU/ECT@ECT, Troy
Klussmann/HOU/ECT@ECT, Victor Lamadrid/HOU/ECT@ECT, Karen
Lambert/HOU/ECT@ECT, Gary W Lamphier/HOU/ECT@ECT, Kristian J
Lande/HOU/ECT@ECT, Monica Lande/PDX/ECT@ECT, Elsie Lew/HOU/ECT@ECT, Andrew H
Lewis/HOU/ECT@ECT, Jim Little/HOU/ECT@ECT, Kori Loibl/HOU/ECT@ECT, Scott F
Lytle/HOU/ECT@ECT, Matilda Machado/CAL/ECT@ECT, Hillary
Mack/Corp/Enron@Enron, Richard C McKeel/HOU/ECT@ECT, Nidia
Mendoza/HOU/ECT@ECT, Carey M Metz/HOU/ECT@ECT, Julie Meyers/HOU/ECT@ECT,
Richard A Miley/HOU/ECT@ECT, Bruce Mills/Corp/Enron@ENRON, Patrice L
Mims/HOU/ECT@ECT, Glenda D Mitchell/HOU/ECT@ECT, Jason Moore/HOU/ECT@ECT, Tom
E Moore/HOU/ECT@ECT, Jackie Morgan/HOU/ECT@ECT, Michael W Morris/HOU/ECT@ECT,
Gary Nelson/HOU/ECT@ECT, Tracy Ngo/PDX/ECT@ECT, Debbie Nicholls/LON/ECT@ECT,
John L Nowlan/HOU/ECT@ECT, Frank Ortiz/EPSC/HOU/ECT@ECT, B Scott
Palmer/HOU/ECT@ECT, Stephanie Panus/NA/Enron@Enron, Anita K
Patton/HOU/ECT@ECT, Regina Perkins/Enron Communications@Enron Communications,
Debra Perlingiere/HOU/ECT@ECT, Richard Pinion/HOU/ECT@ECT, Sylvia S
Pollan/HOU/ECT@ECT, John D Powell/HOU/ECT@ECT, Brent A Price/HOU/ECT@ECT,
Cyril Price/HOU/ECT@ECT, Claudia Clark/HOU/ECT@ECT, Dale Neuner/HOU/ECT@ECT,
EOL Call Center, Fiona Skinner/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Frank L
Davis/HOU/ECT@ECT, Jennifer deBoisblanc Denny/HOU/ECT@ECT, Joshua
Meachum/NA/Enron@ENRON, Justin Timothy/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT,
Karen O'Day/NA/Enron@Enron, Keith Clark/Corp/Enron@Enron, Lisa
Lees/HOU/ECT@ECT, Matt Motsinger/HOU/ECT@ECT, Melba Lozano/HOU/ECT@ECT, Noel
Petterson/Corp/Enron@Enron, Peter Berzins/NA/Enron@Enron, Robert B
Cass/HOU/ECT@ECT, Rousseau Anai/AP/Enron@Enron, Sheri Thomas/HOU/ECT@ECT,
Simone La Rose/HOU/ECT@ECT, Stephanie Sever/HOU/ECT@ECT, Tara
Sweitzer/HOU/ECT@ECT, Torrey Moorer/HOU/ECT@ECT, Joan Quick/HOU/ECT@ECT,
Dutch Quigley/HOU/ECT@ECT, Leslie Reeves/HOU/ECT@ECT, Donald P
Reinhardt/HOU/ECT@ECT, Brant Reves/HOU/ECT@ECT, Stacey
Richardson/HOU/ECT@ECT, Oscar Rivera/NA/Enron@Enron, Suzy Robey/HOU/ECT@ECT,
Bernice Rodriguez/HOU/ECT@ECT, Carlos J Rodriguez/HOU/ECT@ECT, Sam
Round/HOU/ECT@ECT, Marilyn M Schoppe/HOU/ECT@ECT, Samuel Schott/HOU/ECT@ECT,
Brad Schneider/Corp/Enron@Enron, James Scribner/Corp/Enron@Enron, Dianne
Seib/CAL/ECT@ECT, Cris Sherman/HOU/ECT@ECT, John Sherriff/LON/ECT@ECT, James
Shirley/HOU/EES@EES, Lynn E Shivers/HOU/ECT@ECT, Michele Small/LON/ECT@ECT,
Mary M Smith/HOU/ECT@ECT, Susan Smith/HOU/ECT@ECT, Jefferson D
Sorenson/HOU/ECT@ECT, Carrie Southard/LON/ECT@ECT, Willie
Stewart/HOU/ECT@ECT, Geoff Storey/HOU/ECT@ECT, Colleen Sullivan/HOU/ECT@ECT,
John Suttle/HOU/ECT@ECT, Connie Sutton/HOU/ECT@ECT, James
Scribner/Corp/Enron@Enron, Vance L Taylor/HOU/ECT@ECT, Edward
Terry/HOU/ECT@ECT, Kim S Theriot/HOU/ECT@ECT, Veronica
Thompson/GPGFIN/Enron@ENRON, Mark D Thorne/HOU/ECT@ECT, Philippe
Travis/LON/ECT@ECT, Susan D Trevino/HOU/ECT@ECT, Laura
Vargas/Corp/Enron@ENRON, Claire Viejou/LON/ECT@ECT, Elsa
Villarreal/HOU/ECT@ECT, Robert Walker/HOU/ECT@ECT, George
Weissman/HOU/ECT@ECT, Karin Williams/HOU/EES@EES, Sony Wilson/HOU/ECT@ECT,
O'Neal D Winfree/HOU/ECT@ECT, Christa Winfrey/HOU/ECT@ECT, Jeremy
Wong/HOU/ECT@ECT, Rita Wynne/HOU/ECT@ECT
cc:
Subject: Final Name Change/Merger Notification 11/00

Attached is the Preliminary Name Change/Merger notification report for Nov.
2000.  The final list with any additions will go out on Wed, Nov 22.

Name overlays will be done today, Mon, Nov. 20, right after notification is
given, and shortname changes will be done on Wed, Nov. 22.

Records on this report will be inactivated on Fri.,  Dec. 1.

HAPPY THANKSGIVING!

Cheryl x3-3103


Vince,

Sorry, I was not able to take your call this morning, to avoid distractions I
was editing a technical coner article on PPP out of my office.  Last Friday,
I called Robert Johnston immediately after you told me to contact him to
brief him on nonferrous metals.  I let him know that I was scheduled to speak
about Metals in our research meeting on October 12th.  I also talked with him
a few weeks ago that I would like to meet with him and Scott Tholan to brief
them on metals.   Robert did not arrange the meeting.  I arranged a meeting
for 10:30 tomorrow to take them both through the metals fundametals speech.

The London Metals Confererence sounds great, since I have five years
experience in metals fundamental analysis and pricing, I would also like to
attend.  Many of my new research group customers are asking for my expertise
in this new business for Enron.  I could certainly help our customers better
by getting the latest information on metals.  Please let me know if this is
OK with you.

Regards,

Maureen


Sorry I had to get off the call early.  Hope it helped.  If there's anything
else you need, just let me know.

Best,
Jeff


Mary Hain has resigned her position with Enron.  Please remove her from all
your mail lists.

Thank you.

Lysa Akin
Gov't Affairs - Sr. Admin. Ass't.

	Enron Capital & Trade Resources Corp.

	From:  "Christine Elliott" <chrisrtowest@earthlink.net>
    03/21/2001 08:55 AM

Please respond to chrisrtowest@earthlink.net
To: "Freedman, Eric (SEA)" <ericf@prestongates.com>, "Barnes, Arlena"
<ambarnes@bpa.gov>, "Stan Berman" <sberman@hewm.com>, "Don Brookhyser"
<deb@aelaw.com>, "Ray Brush" <rbrush@mtpower.com>, "Kathleen Carr"
<KCARR@pn.usbr.gov>, "Eric Christensen" <elchristensen@snopud.com>, "Warren
Clark" <WClark@avistacorp.com>, "Dahlke, Gary" <gdahlke@paine-hamblen.com>,
"Sarah Dennison-Leonard" <sdleonard@earthlink.net>, "Early, Michael"
<michaelearly@earthlink.net>, "Eden, Jim" <jim_eden@pgn.com>, "Empey,
Marshall" <marshall@uamps.com>, "Peter Feldberg"
<pfeldberg@lawsonlundell.com>, "Garnett, Gerry"
<gerry.garnett@bchydro.bc.ca>, "Brian Gedrich" <briang@gdsassoc.com>,
"Richard Goddard" <richard_goddard@pgn.com>, "Hain, Mary"
<mhain@ect.enron.com>, "John Haner" <jmhaner@bpa.gov>, "Jack Hockberger"
<JHOCKBERGER@pn.usbr.gov>, "Huntsinger, Marlene"
<marlene_huntsinger@pgn.com>, "Carl Imparato" <cfi1@tca-us.com>, "Kaake, Jon"
<jon.kaake@pacificorp.com>, "Bud Krogh" <ekrogh@serv.net>, "Dave Lamb"
<Dave_Lamb@pgn.com>, "Steve Larson" <srlarson@bpa.gov>, "Malcolm McLellan"
<mcm@vnf.com>, "Terry Mundorf" <terrym@millcreeklaw.com>, "Paul Murphy"
<pmurphy@mbllp.com>, "Doug Nichols" <douglas_nichols@pgn.com>, "Osborn, Dave"
<dosborn@gcpud.org>, "Patterson, Leroy" <lpatter@mtpower.com>, "Patton, Will"
<will.patton@ci.seattle.wa.us>, "Phillips, Deanna" <dmphillips@bpa.gov>,
"Ransom, Rebecca" <rebecca.b.ransom@usace.army.mil>, "Chris Reese"
<creese@puget.com>, "Richardson, Shelly" <shellyr@pacifier.com>, "Wayman
Robinett" <wrobin@puget.com>, "Margie Shaff" <mschaff@worldnet.att.net>, "Tim
Shuba" <tshuba@sheagardner.com>, "Barney Speckman" <bmspeckman@aol.com>, "Jim
Tucker" <jtucker@deseretgt.com>, "Wallis, Kristi"
<kristiwallis@sprintmail.com>, "Stephany A. Watson" <sawatson@bpa.gov>,
"Connie Westadt" <cwestadt@sppc.com>, "Curtis Winterfeld"
<ckwinter@deseretgt.com>, "Sanjiv Kripalani" <snkripalani@stoel.com>, "Lauren
Nichols" <lnichols@bpa.gov>, "Don Watkins" <dswatkins@bpa.gov>, "Gerit Hull"
<gfhull@bpa.gov>, "Eamonn Duggan" <eamonn.duggan@eal.ab.ca>, "Vernon Porter"
<vporter@idahopower.com>, "Rob Neate" <rneate@puget.com>, "Kathy Carlson"
<kcarlson@do.usbr.gov>, "Alan Davis" <alan@enventure.com>, "Ron Rodewald"
<rkrodewald@bpa.gov>, "Brian Altman" <bdaltman@bpa.gov>, "Gary Stemler"
<gestemler@bpa.gov>, "Joe Rogers" <rarogers@bpa.gov>, "Mike Raschio"
<marogers@bpa.gov>, "Sandy Smith" <sksmith@bpa.gov>, "Don Angell"
<donangell@idahopower.com>, "Bill Rhoads" <brhoads@mtpower.com>, "Tom
Kingston" <tom_kingston@pgn.com>, "Mike Ryan" <mike_ryan@pgn.com>, "Dan
Woodfin" <dan_m_woodfin@reliantenergy.com>, "Mark Shank" <mshank@nevp.com>,
"Steven Parks" <sparks2@sppc.com>, "Nancy Bellows" <bellows@wapa.gov>, "Ron
Bowersock" <rbowersock@wapa.gov>, "Dan Sauter" <dsauter@idahopower.com>,
"PP&L Montana" <nwrto@pplmt.com>, "susan" <susan@wapa.gov>, "Randy Hardy"
<rhardy@hardyenergy.com>, "Teresa Brown" <teresabrown@duke-energy.com>, "Dick
Spence" <rbspence@bpa.gov>, "Tom DeBoer" <tdeboer@painehamblen.com>,
"Christina Kalavritinos" <Christina_Kalavritinos@ios.doi.gov>, "Kristi M.
Wallis" <kristiwallis@sprintmail.com>
cc: "\"judyrtowest\" <"
Subject: BRIDGE - RTO West/PRRQ -- 3/22 Provisions and Requirements Content
Group Meeting

Hello everyone.? This is Judy on Chris' machine since I didn't get this email.
?
Sorry this is so late - but in case any of you need the conference bridge for
the meeting starting at 10:00 this morning, the number is 503-813-5808, pass
code 942121.?Thanks. jw?
----- Original Message -----
From: Kristi M. Wallis
To: Christina Kalavritinos;Tom DeBoer;Dick Spence;Teresa Brown;Randy Hardy;
susan;PP&L Montana;Dan Sauter;Ron Bowersock;Nan! cy! Bellows;Steven Parks;
Mark Shank;Dan Woodfin;Mike Ryan;Tom Kingston;Bill Rhoads;Don Angell;Sandy
Smith;Mike Raschio;Joe Rogers;Gary Stemler;Brian Altman;Ron Rodewald;Alan
Davis;Kathy Carlson;Rob Neate;Vernon Porter;Eamonn Duggan;Gerit Hull;Don
Watkins;Lauren Nichols;Sanjiv Kripalani;Chris Elliott;Curtis Winterfeld;
Connie Westadt;Stephany A. Watson;Wallis, Kristi;Jim Tucker;Barney Speckman;
Tim Shuba;Margie Shaff;Wayman Robinett;Richardson, Shelly;Chris Reese;Ransom,
Rebecca;Phillips, Deanna;Patton, Will;Patterson, Leroy;Osborn, Dave;Doug
Nichols;Paul Mur! ph! ;Terry Mundorf;Malcolm McLellan;Steve Larson;Dave Lamb;
Bud Krogh;Kaake, Jon;Carl Imparato;Huntsinger, Marlene;Jack Hockberger;John
Haner;Hain, Mary;Richard Goddard;Brian Gedrich;Garnett, Gerry;Peter Feldberg;
Empey, Marshall;Eden, Jim;Early, Michael;Sarah Dennison-Leonard;Dahlke, Gary;
Warren Clark;Eric Christensen;Kathleen Carr;Ray Brush;Don Brookhyser;Stan
Berman;Barnes, Arlena;Freedman, Eric (SEA)
Sent: 3/19/01 10:09:12 PM
Subject: RTO West/PRRQ -- 3/22 Provisions and Requirements Content Group
Meeting

To Members of the RTO West Stage 2 Provisions and Requirements Content
Group:
?
Hello!
?
As you know, the next meeting of the Provisions and Requirements Content
Group is Wednesday, March 21st, from 10:00 a.m. to 5:00 p.m. at the
Portland Airport Hilton Garden Inn.??I have prepared and attach an
agenda for your review.
?
I am also attaching the summary of the GIA Exemption Small Group
conference call; the 3/3 Provisions and Requirements Working Document
(this has already been distributed but for ease of reference I am
sending it again); and the final discussion paper regarding generation
interconnections.
?
Thanks!??I look forward to seeing you next week, Kristi
?
?

?
Christine Elliott,
RTO West Coordinating Team
chrisrtowest@earthlink.net
503-262-9421
?


The New Year has arrived and we really to finalize a lot of the work with regards to moving into NETCO.  Obviously we still do not have a deal but the deadline is approaching and preparations need to be finalized.

The main areas to focus on over the next week are:-

(i) 	Re-start/Integration Plans (due on Jan 7)				To be forwarded to Louise
	These plans need to be detailed and show clear detailed timelines and detailed responsibilities for getting us up and running as soon as possible.
	The current restart date is January 21, 2001 but may be pushed forward to January 14, 2002.
(ii)	Budget (due Jan 3, 2002)						To be forwarded to Faith Killen
	First year budget to include all start up costs (some of which can be amortized)
(iii)	Seating Plans								Tammy Shepperd to co-ordinate
	We need to start the planning process for seating as we will be living on floors 5 & 6 of the Enron South building.
	I have asked Tammy Shepperd to commence the seating plan and we would look to start the moves as soon as possible but with a large number occuring around January 11,2002.
(iv)	Due Diligence
	We continue the process with two new companies this week (Wednesday and Thursday). Andy Zipper is taking the lead for the company arriving on Wednesday, please help him with his requirements.

I would ask that both John and I are notified of any changes to the Netco personnel list on a timely fashion and that the list is maintained on a continual basis.  Please forward all alterations to Jeanie Slone who has responsibility for the master list.

Communication - I believe that the New Year combined with a internal communication issues may be a good time to review what we want to say on Netco and what our policies are.  I am asking David Oxley to co-ordinate with all of you on this.  I know a lot of you believe that we need to only communicate once we have retention programme in place for the estate which may be a good idea but we we need to make sure that we lose as few people as possible.

If you are unavailable this week, please ensure you delegate this work out.

Happy New Year

Louise


----- Forwarded by Steven J Kean/NA/Enron on 02/13/2001 02:42 PM -----

	Sherri Sera
	02/13/2001 11:15 AM

		 To:
		 cc: (bcc: Steven J Kean/NA/Enron)
		 Subject: Bush & Cheney at dinner

Even though I'm a Bush/Cheney supporter, I had to pass this one along...

George Bush and Dick Cheney are enjoying a celebration dinner at a fancy
Washington restaurant. Their waitress approaches their table tom take their
order, and she is GORGEOUS.

She asks Cheney what he wants, and he replies,   "I'll have the heart-healthy
salad."

"Very good, sir," she replies, and turning to Bush she asks,

"And what do you want, Mr. President?"

Bush answers, "How about a quickie?"

Taken aback, the waitress slaps him and says,   "I'm shocked and disappointed
in you. I thought you were bringing in a new administration that was
committed to high principles and  morality. I'm sorry I voted for you."

With that, the waitress departed in a huff. Cheney leans over to Bush,and
says, "Mr. President, I believe that's pronounced 'quiche'


?????????????????????????		Don't Forget
?	?	?

		This is your reminder for:
		  Christmas Tasters

		when: Mon. Dec. 11

		View your invite
		Don't miss any other important dates - let us remind you.

		Cheers,
		-Evite

				Use Evite to host your next get-together. It's easy, fun and 100% free

				HAVING TROUBLE?

				If nothing happens when you click the link above, use your mouse to cut and
paste the entire address:
				http://www.evite.com/r?iid=YFJUKUWGJTEOYEAFLBGG&li=nvr into your Web browser,
then hit return. Make sure you copy it exactly as it appears above.

				To edit or delete reminders, click here.


Travel in to Spring
            Hurry! Purchase Tickets by Monday, January 28, 2002
            ---------------------------------------------------

Make your winter and spring winter plans now on US Airways.  Take advantage of our amazing sale fares starting at $88 roundtrip, for travel between select cities in the eastern U.S. and Florida or western destinations.

Book online at http://usairways.com/promotions/specials/travel_into_spring_fares.htm no later than January 28, 2002 to reserve your seat.

Sale Details:

- Tickets must be purchased online at usairways.com at least 7 days before departure
  and no later than January 28, 2002
- Florida travel must be completed by February 14, 2002
- Travel to destinations other than Florida must be completed by June 7, 2002
- See Sale Fare Requirements below for complete details

Celebrate 2002 with Double Miles
================================
Celebrate 2002 with double miles on all US Airways flights between January 10, 2002 and March 20, 2002.  Earn Preferred Miles twice as fast. The double miles bonus for First Class (F/A fare classes), Envoy Class (J/C fare classes), and select Coach Class (booked in Y, B or M fare classes) travel will also count toward 2002 Dividend Miles Preferred status.  Registration is required prior to departure.  Go to http://usairways.com/dividendmiles/8145.htm or call 1-800-872-4738 and enter bonus request number 8145.

This is just a sample of the sale fares offered.  Fares are good for travel in either direction.  For reservations and fares from your city go to http://usairways.com/promotions/specials/travel_into_spring_fares.htm

Sample Markets				  Roundtrip Sale Fares
--------------				  --------------------
Buffalo - Tampa/St. Petersburg                  $88
Providence - Ft. Lauderdale                     $88
Washington, DC - Tampa/St. Petersburg           $88
Washington, DC - West Palm Beach                $88
Boston - Orlando                                $98
Washington, DC - Ft. Lauderdale                 $98
Kansas City - West Palm Beach                   $108
Washington, DC - Orlando                        $108
Columbus, OH - Jacksonville, FL                 $118
Albany - Los Angeles                            $188
Manchester, NH - San Diego                      $188
Hartford/Springfield - Las Vegas                $198
Raleigh/Durham - Phoenix                        $198
Baltimore - Seattle                             $198

Fares are based on required roundtrip purchase.
Depending upon your travel needs, alternative routings may be available at the same fares, with part of the service on regional aircraft operated by US Airways Express carriers Allegheny, Air Midwest, CCAIR, Chautauqua, Colgan, Mesa, Piedmont, PSA, Shuttle America or Trans States.

Sale Fare Requirements:
Fares are based on Coach travel. Roundtrip purchase required. Tickets must be purchased at least 7 days in advance of travel, within 24 hours of making reservation and no later than 1/28/02. For other than Florida: travel must be completed by 6/7/02; Florida travel must be completed by 2/14/02. Tickets become nonrefundable 24 hours after making initial reservation, but under certain conditions may be changed for a minimum $100 fee. Minimum one night stay required (Saturday night stay required for Washington,DC-Florida). Non Florida travel valid Tuesdays, Wednesdays or Saturdays; Florida travel valid daily. Travel between Washington, DC and Florida valid only Tuesdays-Wednesdays on nonstop flights to/from Reagan National Airport. Fares do not include a federal excise tax of $3, which will be imposed on each flight segment of the itinerary. A flight segment is defined as a takeoff and a landing.
Fares do not include up to $18 in airport passenger facility charges, where applicable. Seats are limited or may be sold out during very busy travel times. Lower fares may be available in these markets. Fares may not be available in all markets. Other conditions may apply. Some of these fares are not available when purchasing by telephone through our Reservations Department.

This is a post-only mailing sent to scorman@ENRON.COM.  Please do not respond to this message. To change preferences or un-subscribe from this list, please visit the E-Savers enrollment page at http://www.usairways.com/esavers/enroll.htm

		Copyright US Airways 2002.  All rights reserved.

	   US Airways World Wide Web address: http://www.usairways.com


Kate,

Please approve and autoschedule.

483074 (12/21/00),471891 ( 12/4 - 12/31) changed price do to amended gas
price.

Les


Jeff , thanks.  I am using this stuff on Monday and Tuesday when we see
people in Finance and Energy here.  Here is my own contribution to the
discussion - something I wrote a few months ago and recently revised.


PLEASE NOTE SPECIAL HOURS

Notice No. 01-349
October 23, 2001

TO:       All NYMEX Members/Member Firms
          All NYMEX Clearing Members
          All NYMEX Floor Traders
          All NYMEX Operations Managers

FROM:     George Henderson, Vice President

RE:       CORRECTED: Options Expiration Operational Procedures for the
Trading             Floor and Clearing Members - Revised Hours
________________________________________________________________

The expiration date for the November 2001 options contract for Unleaded
Gasoline (GOX1), Heating Oil (OHX1) and Natural Gas (ONX1) is Friday,
October 26, 2001.

GENERAL OPERATIONAL PROCEDURES

All Clearing Members and Qualified Floor Traders that carried an options
position as of the close of business day prior to the expiration day, or
engaged in trading activity on Expiration Day in the expiring options
contract will be required to have a knowledgeable, duly authorized
representative present at their normal work station promptly at 4:40 p.m.
until released by the Exchange staff as specified below.  All adjustments
and/or corrections, must be accompanied by relevant supporting
documentation
prior to being incorporated into expiration processing, in essence making
the expiration processing an extension of the afternoon trade resolution
procedures.  All input to the NYMEX Clearing Department will conclude no
later than 30 minutes after floor representatives are released.

Exchange Clearing (299-2110), Floor Trade Processing (299-2068 and
299-2169)
personnel, as well as a representative of the Floor Committee will be
available to assist with the processing of notices of Exercise and
Abandonment, position transfers, trade corrections and other questions or
problems you may have.

CLEARING DEPARTMENT OPERATIONAL PROCEDURES

The Option Expiration process is a screen based process for which all
information is provided on the screens on C21 terminals. No Option
Expiration Reports will be provided. The following screens will assist you
through the Option Expiration process:

MEMBER TRADE INQUIRY
Contains real-time top day trade information, trade information for the
previous 4 business days and trade=s adjusted for the previous 4 business
days by adjustment date.

SINGLE POSITION MAINTENANCE
Contains a real-time snapshot for each option series from the start of day
position to the projected end of day position.

REVIEW ACCEPT REJECT TRANSFERS
Contains all trade and position transfers TO your firm and the status of
each transfer.

REVIEW SUBMITTED TRANSFERS
Contains all trade and position transfer FROM your firm and the status of
each transfer.

EXERCISE NOTICE SUBMISSION
Contains your available long position and an input field to enter the
number
of long positions you wish to exercise.

DO NOT EXERCISE SUBMISSION
Contains your available long position and an input field to enter the
number
of long positions you wish to abandon.

POSITION CHANGE SUBMISSION
PCS may be submitted either by manual input or by electronic transmission.
Any PCS input on a Clearing 21 terminal will be the input processed by the
system.  This input may be made at any time prior to 5:55 p.m.  Any PCS
input via transmission for that contract series will be disregarded.

ALL POSITIONS ARE DEEMED FINAL
Upon completion of all PCS input, all positions will be deemed final.

EXERCISE/ASSIGNMENT INFORMATION
Will be available to you on the Single Position Maintenance window by
contract series or the Assignment List window which contains all your
Assignments on one window. You will be notified of its availability by C21
E-Mail and by Fast Facts. This should occur within 1 hour of the last PCS
input.

All Clearing Members are required to have an authorized representative(s)
at
their C21 workstations in preparation for any communication during the
expiration process.

FAST FACTS
Clearing Members should call the Fast Facts information service 301-4871,
access code 700 for event messages advising Members of the event status.

E-MAIL
Clearing Members should read their C21 E-Mail messages immediately to be
aware of event status.

The standard event Fast Facts and/or E-Mail messages and the sequence in
which they will be announced are:

STANDARD EVENT           APPROXIMATE TIME            USUAL   FAST
FACTS(F)
  MESSAGES                       OF MESSAGE        EVENT TIME
E-MAIL    (E)
                           AVAILABILITY
BOTH      (B)

Announce Out-of-the                 4:45PM          4:45PM        F
Money Exercise and In-the-Money
Do Not Exercise Submissions

Announce Final Input to C21         5:40PM          5:55PM        E
Cutoff Time

All positions are deemed final      7:00PM          7:00PM        F

Announce Exercise/Assignment        7:30PM          7:30PM        B
Information Available on the Single
Position Maintenance Windows

All Report Distribution is         10:00PM         10:00PM        F
completed

The times appearing in the Usual Event Time column are based on normal
operational conditions and could vary.

If you have any questions concerning these procedures, please contact
Anthony Di Benedetto at 299-2152 or John Ramos at 299-2142 prior to the
expiration date.

 <<EXPFORMSPEC.XLS>>

(See attached file: EXPFORMSPEC.XLS)

 - EXPFORMSPEC.XLS


Further to my email of 12/21/00,attached is the revised Schedule.  Please let
me know if you have any problems with the document.  Sara


Sally:? I am refiguring this meeting...I have tried three  places and can not
find a person willing to speak to us about car maintenance,  so I checked
notes...you were correct, Pam Martins dad and Emily U. dad were  both
volunteered by their wives, I will check them out this evening.? I  have call
into Bob Lindsay, policeman and NCL dad, about safety.. we will  see.? I
thought I might try to get some brief info from Ann YOung on  Applause
Theatre, our new phil.? On nominations, there were a couple of  girls who did
not complete info sheets last time, I will call them  tonight.? Also, I can
check with the three on nominations and see when they  are available, will
let you know.? If you don't mind having regular  ticktocker meeting at your
house, that would be great.? If all else fails,  Sarah Marshall (yes, that is
right) probably knows more about car care than  anyone I know...the girls
call her if their car doesn't start.? Her theory  is that the first thing is
to turn down the_______ radio as you are backing out  the drive, so you can
hear your car...pretty basic.?
Summary:? Can we do TT meeting at your house?? I  will email agenda for that
meeting to you.? I will have Abi check with  girls about nominations and let
you know when they can meet...we will go from  there.? Is this okay with
you.? This is the meeting I thought we might  dd Dad/ dtr but too close, so
we better come up with another idea....dance  lesson, maybe...think Megan
suggested that.?
?
Have a good trip. Linda


Start Date: 4/25/01; HourAhead hour: 14;  No ancillary schedules awarded.  No
variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001042514.txt

---- SC Trades Schedule ----
*** Final schedule not found for preferred schedule.
     Details:

  TRANS_TYPE: FINAL
  SC_ID: EPMI
  MKT_TYPE: 2
  TRANS_DATE: 4/25/01
  TRADING_SC: PGAE
  PNT_OF_INTRC: NP15
  SCHED_TYPE: ENGY
  PURCH_SALE: 2
  DEAL_NO: 1


POWER BRIEFS

 SPECIAL EDITION

MONDAY, JUNE 4, 2001

* * * DELIVERING ON THE STRATEGY -

TIRED OF CONSTANTLY CHANGING ENERGY PRICES?

NewPower Offers California Natural Gas Consumers a Two-Year, Locked-In Rate

Purchase, NY-June 4, 2001-The New Power Company?, a subsidiary of NewPower Holdings, Inc. (NYSE:NPW), the first national residential and small business energy provider, today announced that it has begun offering consumers in northern California a two-year, fixed-price natural gas contract.  Consumers in Pacific Gas and Electric Co.'s service territory can lock in a low fixed rate for the entire two years.

"NewPower is enormously pleased to provide California consumers, who've been buffeted by volatile energy prices, with a stable, gas contract," said H. Eugene Lockhart, The New Power Company's president and chief executive officer.  "Smart energy shoppers in California will join the 600,000-plus customers we now serve in 19 markets."

With today's announcement, natural gas from The New Power Company is available in the following PG&E counties:

Alameda, Amador, Butte, Calaveras, Colusa, Contra Costa, Fresno, Glenn, Humboldt, Kern, Kings, Madera, Marin, Mendocino, Merced, Monterey, Napa, Nevada, Placer, Sacramento, San Benito, San Bernardino, San Francisco, San Joaquin, San Luis Obispo, San Mateo, Santa Clara, Santa Cruz, Shasta, Solano, Sonoma, Stanislaus, Sutter, Tehama, Trinity, Yolo, Yuba

Consumers who need additional information or who want to sign up with NewPower can visit the Company's Web site at www.newpower.com or call (866) 402-3949.

About NewPower Holdings, Inc.
NewPower Holdings, Inc. (NYSE: NPW), through its subsidiary, The New Power Company, www.newpower.com, is the first national provider of electricity and natural gas to residential and small commercial customers in the United States.  The Company offers consumers in restructured retail energy markets competitive energy prices, pricing choices, improved customer service and other innovative products, services and incentives.

# # #
________________________________________

Managers, please post or pass along copies of POWER BRIEFS for contractors or consultants who are unable to access it on Lotus Notes.
.
Please send questions or comments to: NewPower.Communication@NewPower.com


Overview
The California ISO is enhancing two of its meter data systems, scheduled to
be in production by October 2001.  The objective of this development effort
is to provide the ISO with robust, flexible, maintainable, and more
cost-effective metering systems to meet its ever-changing market and
internal needs.  Market participants and other systems will use the internet
based MDAS-Online application for meter data submission and requests.

Timeline for project
Market Simulation	August 20 through August 31
Production Implementation	October 1

Impacts of project
	*	New interface for MDAS-Online
			o	Same look and feel as new OASIS interface
	*	Multiple valid file formats
			o	MDEF and CSV file formats for meter data
submission and requests
	*	No longer use FTP to submit MDEF files
			o	Interim FTP service for file submission
during transition
			o	File submission only, no FTP
acknowledgements or requests
	*	Automation specification will be provided
			o	Submission of meter data file
			o	Download of meter data file submission
status
			o	Download of meter data
	*	Additional equipment and software
			o	Smart Card security
			o	Netscape Navigator browser
	*	ECN connection no longer required for meter data submission
and requests
			o	The file submission and reporting will take
place over a secure internet connection
	*	No formal training required
			o	Online help in application
			o	MDAS Operators
			o	System Support

Questions will be addressed at the next TSWG Conference call (6/26/01 @1330
PST) or send inquiries to Leslie Feusi at Lfeusi@caiso.com.


Re: Note I left on your desk. Could you take a look at this deal when you get
a chance?

Thanks,
Kate
---------------------- Forwarded by Kate Symes/PDX/ECT on 01/09/2001 04:53 PM
---------------------------

	From:  Kimberly Allen                           01/09/2001 01:48 PM

To: Kate Symes/PDX/ECT@ECT
cc:

Subject: #485446

Kate,
I received and index trade into NP15 that Chris Mallory did. For Price the
confirmations states:

The average day ahead, post congestion price for the Constrained Price as
published by the California Power Exchange for the on in the period of
delivery stated herein plus 3.00.

Is this language o.k. to accept on the confirmation.

Thanks,

Kimberly Indelicato
33031


Recently, 4 parking spots have become available at the World Trade Center as
part of Enron's lease.   We will begin to allocate these spots based on the
following criteria and establish a waiting list that will be managed by the
Portland office for any future spots.

1.  Any employee who was full-time ENA (or Portland transition company) on or
before November 30, 1998 (tenure in office, time must be consecutive).
2.  Any employee who has been identified as being on a waiting list for WTC
spots.

We have identified the following list of employees who meet the above
criteria.

Bob Badeer
Heather Dunton
Caroline Emmert
Carla Hoffman
Stewart Rosman
Julie Sarnowski
Cara Semperger
Brett Hunsucker
Murray O'Neil
Les Rawson
Jeff Richter
Donald Robinson
Chris Stokley
Mike Etringer
Diana Scholtes
Sean Crandall
John Malowney
Phil Platter
Karen Jones
Jan King
Jim Gilbert
Kathy Axford

If your name is not listed and you meet the above criteria, please see Amy
FitzPatrick by close of business Friday, March 16th.

A drawing will then be held to determine the order in which the spots will be
allocated.  Once this list is exhausted, we will continue to build the
waiting list based on tenure in the Portland office.

Please let me know if you have any questions or comments.

Thanks!
Amy


Hey Tobin....

I just wanted to make sure you got the last email I sent you....in response to your email below.  If it's just taking some time to respond no worries, if you didn't receive it for some reason let me know ( I attempted to answer the various questions posed ).

Cheers,
Susan

>From: LitleNiles@aol.com
>To: susan_m_scott@hotmail.com
>Subject: Re: Hey Buddy!!!
>Date: Sun, 27 Jan 2002 05:51:05 EST
>
>Susan:
>Great to hear from you! No problem in not getting back sooner, to be honest
>there are a few emails that I ought to return but simply can't find it in
>me
>to respond to some people--I wonder why that is? I am sorry to hear about
>not
>being able to get on with Puget Sound. However, I have a couple of
>questions
>for you, and let me know what you think....
>First, do you want to trade or be in the finance world going forward or are
>you interested in other environs? Second, what are your thoughts on places
>just outside of Seattle, namely Tacoma? Let's start with that. On another
>level, I will call a few people and see what I can come up with. I would,
>however like to say how proud I am of you for not taking that UBS Warburg
>job. Truth be told, I think that being a bit under the gun and not knowing
>what to do is difficult but good for you at the same time. I have a good
>feeling you will find something--I know that isn't very quantitative but I
>do
>believe something will come around. Here's another question, what ever
>happened to Gary Stadler?
>Ben and I had a good time, we went out a couple of nights and discussed the
>Enron debacle and where we both want to push on from. I, too, am trying to
>find something that interests me. What with the last 2-3 years at ENE, I
>have
>been heartily thinking that I want to do something VERY blue collar. Not
>sure
>what yet, but I am interested in getting back to my roots in the land of
>construction and building supplies.
>As for Emily, good for her. Extend her my congrats. G. U is a good law
>school
>and one where even old Tom Foley attended amongst others. Does she realize
>though how small Spokane is compared to London and Houston? Either way,
>there
>are many flights each day between Spokane and Portland and Spokane and
>Seattle so if you end up somewhere in the Northwest you guys could see each
>other each weekend if need be. :)
>OK, that in mind, I will make a couple of calls and see what I can come up
>with. Don't hesitate to bother me about this and keep hounding as this
>might
>help me as well with a job too.
>Anyway, will talk with you soon. Take care and think positive, I think you
>have made a splendid decision.
>Best to you,
>Tobin

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


-----Original Message-----
From: 	Smith, Rick
Sent:	Thursday, August 23, 2001 10:33 AM
To:	Jolly, Rich
Cc:	Lowry, Phil; Harris, Steven; Rice, Randy; Stephens, LD; Schoolcraft, Darrell; Watson, Kimberly; Roensch, David; McCracken, Mike; Eisenstein, Arnold L.; Keller, John R.; Maestas, Gary; Gallup, Team; Gallup-Sta5, Team; Gallup-Sta4, Team; Hendricks, Jonny; Greider, Jeff
Subject:	Re: Gallup Compressor
Importance:	High

We just got off the phone with Alstom at 8:15 AM mountain time. John Manson is their service manager (412-967-7165). They are flying a motor specialist in from England, but he will not arrive until 7:00 PM Friday. At the present time Alstom is mobilizing IRS from Farmington, New Mexico to assist with the removal of the motor. The motor weighs nearly 35 tons, so permits, a crane and roof removal will be required. They plan to truck the motor back to Farmington for further analysis. They will then determine the repair process. I have set up a conference call for 1:00 PM Central time today, to allow everyone the opportunity to voice any concerns and get the latest updates from John and Alstom. The conference number is 877-795-3687 access code 691205.  I welcome all help and participation.  Rick

Rich Jolly
08/22/2001 03:07 PM
To:	Phil Lowry/Enron@EnronXGate
cc:	Steven Harris/Enron@EnronXGate, Randy Rice/Enron@EnronXGate, LD Stephens/Enron@EnronXGate, Darrell Schoolcraft/Enron@EnronXGate, Kimberly Watson/Enron@EnronXGate, Rick Smith/ET&S/Enron@ENRON, David Roensch/ET&S/Enron@ENRON, Mike McCracken/ET&S/Enron@ENRON, Arnold L Eisenstein/Enron@EnronXGate, John R Keller/Enron@EnronXGate, Gary Maestas/Enron@EnronXGate, Team Gallup/ET&S/Enron@ENRON, Team Gallup-Sta5/ET&S/Enron@ENRON, Team Gallup-Sta4/ET&S/Enron@ENRON

Subject:	Re: Gallup Compressor

Phil I just got off the phone with Arnold and we have been advised that in the morning around 5 o'clock eastern time is the earliest that Alstrom will have information for us. From talking with Arnold, Alstrom has to get permission from England before they can give us approval to pull the unit. Since the unit is still under warranty we'll need to wait on directions from Alstrom. The team is doing more testing with Alstrom during this time to try and figure out how much damage the unit has.

We do have Norm Spalding's group lining up a contractor to assist in pulling the unit and transporting it for us. I'll keep everyone undated as soon as we get more information.

Thanks
Rich

Rich Jolly
08/22/2001 04:38 AM
To:	Steven Harris/Enron@EnronXGate, Phil Lowry/Enron@EnronXGate, Randy Rice/Enron@EnronXGate
cc:	LD Stephens/Enron@EnronXGate, Darrell Schoolcraft/Enron@EnronXGate, Kimberly Watson/Enron@EnronXGate, Rick Smith/ET&S/Enron@ENRON, David Roensch/ET&S/Enron@ENRON

Subject:	Gallup Compressor

Steve here's where we are on the Gallup Compressor. Part of the stator is damaged and we're not sure if it can be repaired in place at this time. This will be decided sometime this morning and I'll let you know. If the stator cannot be repaired in place it will have to be pulled and returned to the factory. If this happens we'll be down for (I'm guessing on this) but from past experience it will be two weeks or more. I'll be at the Gallup site this morning.

Thanks
Rich

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