Hi Gang.  Transco has a shipper meeting next week in the afternoon.  I will
probably be out all week.  I believe Scott Goodell and Beverly should go and
take anyone else that would like to attend.

---------------------- Forwarded by Chris Germany/HOU/ECT on 07/24/2000 08:05
AM ---------------------------

"CustomerNotices, WGPHOU" <WGPHOU.CustomerNotices@Williams.com> on 07/21/2000
02:03:48 PM
To: "Alatorre, Hector" <Hector.X.Alatorre@Williams.com>, "Ambler, Margie"
<Margie.A.Ambler@Williams.com>, "Avioli, James"
<James.P.Avioli@Williams.com>, "Blodgett, Kerry"
<Kerry.D.Blodgett@Williams.com>, "Bowman, Terri"
<Terri.K.Bowman@Williams.com>, "Buhrke, Cathy" <Cathy.L.Buhrke@Williams.com>,
"Casey, Melissa" <Melissa.K.Casey@Williams.com>, "Catlett, Laurie"
<Laurie.E.Catlett@Williams.com>, "Conley, Allan"
<Allan.A.Conley@Williams.com>, "Cordray, Stan" <Stan.L.Cordray@Williams.com>,
"Cortez, Diama" <Diama.M.Cortez@Williams.com>, "Cox, Ann"
<Ann.M.Cox@Williams.com>, "Doyle, Ronald" <Ronald.C.Doyle@Williams.com>,
"Eaton, John" <John.W.Eaton@Williams.com>, "Fitch, Terry"
<Terry.C.Fitch@Williams.com>, "Flores, Gloria"
<Gloria.A.Flores@Williams.com>, "Gallerano, John"
<John.Gallerano@Williams.com>, "Gensler, Quentin"
<Quentin.G.Gensler@Williams.com>, "Hargrove, Nancy"
<Nancy.X.Hargrove@Williams.com>, "Heiser, Suzanne"
<Suzanne.J.Heiser@Williams.com>, "Helburg, Charles"
<Charles.J.Helburg@Williams.com>, "Higginbotham, Keith"
<Keith.A.Higginbotham@Williams.com>, "Immer, Ingrid"
<Ingrid.Immer@Williams.com>, "Kelley, James" <James.A.Kelley@Williams.com>,
"Kelley, Nancy" <Nancy.D.Kelley@Williams.com>, "King, Mable"
<Mable.D.King@Williams.com>, "Kleiner, Margaret"
<Margaret.E.Kleiner@Williams.com>, "Laird, Mary" <Mary.A.Laird@Williams.com>,
"Laughlin, Helen" <Helen.M.Laughlin@Williams.com>, "Laurel, Liz"
<Liz.X.Laurel@Williams.com>, "Lindloff, Monty"
<Monty.R.Lindloff@Williams.com>, "Loggins, Kenneth"
<Kenneth.E.Loggins@Williams.com>, "Lowrey, Roseanne"
<Roseanne.A.Lowrey@Williams.com>, "McCauley, Laurie"
<Laurie.L.McCauley@Williams.com>, "Mingen, Michele"
<Michele.D.Mingen@Williams.com>, "Mott, Louella"
<Loella.G.Mott@Williams.com>, "Nguyen, Michelle"
<Michelle.M.Nguyen@Williams.com>, "Payne, Leon" <Leon.M.Payne@Williams.com>,
"Prevott, Rose" <Rose.M.Prevott@Williams.com>, "Prodoehl, Paul"
<Paul.J.Prodoehl@Williams.com>, "Ramos, J Linda"
<J.Linda.Ramos@Williams.com>, "Ramos, Mary" <Mary.E.Ramos@Williams.com>,
"Robertson, Constance" <Constance.A.Robertson@Williams.com>, "Rush, Russell"
<Russell.H.Rush@Williams.com>, "Sansom, William"
<William.P.Sansom@Williams.com>, "Schatzman, Rosemary"
<Rosemary.W.Schatzman@Williams.com>, "Scott, Mark"
<Mark.A.Scott@Williams.com>, "Shaull, Barbara"
<Barbara.G.Shaull@Williams.com>, "Silvas, Elizabeth"
<Elizabeth.V.Silvas@Williams.com>, "Smith, Elsie"
<Elsie.F.Smith@Williams.com>, "Stevens, Paula"
<Paula.S.Stevens@Williams.com>, "Swanson, Debbe"
<Debbe.T.Swanson@Williams.com>, "Taormina, Victoria"
<Victoria.L.Taormina@Williams.com>, "Taylor, Charles"
<Charles.A.Taylor@Williams.com>, "Taylor, Janice"
<Janice.M.Taylor@Williams.com>, "Thornton, Suzanne"
<Suzanne.L.Thornton@Williams.com>, "Wahlstrom, Scottie"
<Scottie.J.Wahlstrom@Williams.com>, "Walleck, Lynn"
<Lynn.A.Walleck@Williams.com>, "Watson-Combre, Cassandra"
<Cassandra.X.Watson-Combre@Williams.com>
cc:
Subject: Segmentation And Order 637 - Houston Meeting

July 21, 2000

To: All Operators, Producers, Shippers and Customers on the
Transcontinental Gas Pipe Line System (Transco)

RE: Modifications to Capacity Release Processes and Segmentation
and Order 637 Compliance filings

On June 30, 2000 Transco made a compliance filing with the Federal
Energy Regulatory Commission (FERC), in Docket No. RP00-17-000.
This filing proposed several changes to the Capacity Release and
capacity segmentation procedures that are to become effective for
business beginning gas day September 1, 2000.  A customer meeting
will be held in Washington DC on August 1, 2000 at 10:00 a.m.
(please see the Transit posting dated July 14, 2000) and in Houston
on August  3, 2000 at the Williams Tower, Level 5, Dining Room C
at 1:00 p.m.  The Houston meeting will address both the segmentation
changes and highlights of Transco's Order 637/637A Compliance filing,
with segmentation being discussed from 1 p.m. - 3 p.m. and the
Order 637 discussed from 3 p.m. - 5 p.m.  In order to finalize
the appropriate arrangements for the meeting, Transco requests
that you notify Liz Laurel at 713-215-2069 by Monday,
July 31, 2000.

There are two key elements to the proposed changes
in Docket RP00-17-000:
1.  Use of "Master" FT-R Commodity Contracts
Transco will no longer use the "Master" Commodity Form of Service
Agreement for reservation rate capacity releases.  Historically,
Transco has required capacity release shippers to execute two FT-R
contracts upon their initial acquisition of released capacity:
the FT-R Demand contract and the FT-R "Master" Commodity contract.
With subsequent reservation rate releases, shippers were only
required to execute new FT-R Demand contracts.  Each FT-R Demand
contract was specific to a capacity release deal and the FT-R
"Master" Commodity contract was used for all nomination and
commodity billing purposes.

Effective with business for gas day September 1, 2000, Transco will
require shippers acquiring capacity through reservation rate
capacity releases to execute and nominate transportation on each
new FT-R Demand contract.  This will require new activities to be
created for each capacity release contract.  For any capacity release
deals that span the August 31 - September 1 period, nominations for
gas day August 31, 2000 will be on the existing "Master" Commodity
contract and nominations for gas day September 1, 2000 will be new
transactions on the FT-R Demand contract.  Additionally, all
commodity billing will be done on the FT-R Demand contract.

Transco will send a "Notice of Termination" to all FT-R "Master"
Commodity contract holders identifying the contract that will
terminate as well as a list of all of the FT-R Demand contracts
that will continue to be effective in September.

2. Limiting nominations within a segment
Consistent with FERC's ruling in this docket and consistent with
similar rulings on Tennessee and Texas Gas, Transco will limit the
quantity of gas that can be scheduled  IN ANY SEGMENT of the
pipeline to the original firm contracted capacity.
Transco will aggregate all nominations under an original FT
contract and any related capacity release contracts
(or subsequent re-releases) to ensure that the total scheduled
quantity for the family of contracts is within the original
contractual entitlement.  If nominations for the family of
contracts exceed the original entitlement, nominations using
any secondary capacity rights will be considered as secondary
nominations and subject to cut on a pro-rata basis.

As stated above, Transco intends to implement these changes for gas
day September 1, 2000.  In the event systematic changes cannot be
completed or the FERC directs Transco to modify its planned
implementation, Transco will notify customers via TRANSIT of any
business practice changes as well as the expected implementation
timeline.

If you have any questions concerning these changes, please contact
your Customer Services Representative or Scheduling Analyst.

 - C.DTF


----- Forwarded by Jeff Dasovich/NA/Enron on 11/30/2000 01:19 PM -----

	Alan Comnes@ECT
	11/29/2000 04:47 PM

		 To: Jeff Dasovich/NA/Enron@Enron, theizenrader@enron.com, Stephen
Swain/PDX/ECT@ECT
		 cc:
		 Subject: Chandley Harvey Hogan

Jeff,

THIS is the new Harvey Hogan paper (now a Chandley Harvey Hogan paper).  It
was attached to SDG&E's comments.

Tim H., Steve:

This is another view of the market from another set of heavy hitters.

All:

 "Launch" it rather than "view" it.

Alan
---------------------- Forwarded by Alan Comnes/PDX/ECT on 11/29/2000 04:37
PM ---------------------------

FaxWave Service <faxwave_service@callwave.com> on 11/29/2000 02:28:57 PM
Please respond to "This is a send-only email. Do not reply"
<service-replies@faxwave.com>
To: AComnes@enron.com
cc:

Subject: You've got a Fax!

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 - 5-975536379.XIF


Don could you send me a copy of those materials  thanks


Please let me know if you have any questions.  I will send an e-mail with the
in-room fax number tomorrow.

Thanks,
Joannie


January 26-28, 2001

     No Flow


David,

Mark Taylor asked me to talk to you about getting your ISDA Masters inputted
into our Financial Trading Database.  This databse is the central master
database where we keep records of the financial agreements in either draft
form or that have been executed.  London currently updates this database to
manage  its (and Singapore's) financial contracts and I would like to get the
Australian agreements plugged into the system.

This database serves a number of purposes.  First, it is our core memory of
contract negotiations.  Anyone in Legal and Credit around the world can take
a look at this database and determine who we have entered into contract with
and what negotiation issues may be at issue.  It is critical as we become a
global trading company that we are consistent in the legal positions we take
on these financial contracts.  For instance, it would be quite problematic if
someone in Houston was negotiating a contract with an ISDA counterparty and
asserted that a certain position was critical, if we find out a lawyer in
another office was negotiating with the same counterparty and gave on the
same position the day before.  We need to make a somewhat coordinated effort
on the counterparty front.

In addition, with so many masters and so many counterparties there is just no
way to keep track of what we have said or done unless we have a database.

Further, we use the information in the database to respond to inside
auditing, reporting and insurance inquiries.

For online trading, I check the database to see if we have a financial master
agreement and what trading restrictions we may or may not have in place.
Global contracts uses this database to confirm their financial contract
records and approval for online trading.

For both Houston and London we use the database to communicate with our
Clients, whether traders or  back office support people.  Employees outside
legal have  limited view access only to see all the information except the
confidential Legal and Credit comments.  They have no edit capabilities.  The
database also has some reporting functions that we and London Legal have
found helpful.

You should have gotten my email to Mike Neves, out database coordinator
requesting full edit access for you.  It usually takes a few days.  Once you
get access maybe you could find some time to surf the database, and we can
figure out how to get your ISDA data inputted..

Are you coming to the ENA Legal Conference in October?  That would be a good
time for me to do a full review of this database with you.


Teco Tap       105.000 / HPL IFERC ; 10.000 / Enron

LS HPL LSK IC       30.000 / Enron


Okay,
 Stacy and you can go tommorrow, I cannot make it.   Maybe you can ask Jeff
to drive you and Stacy tommorrow.   The only time I have next week is Monday.

	Jenny Helton
	04/25/2001 12:59 PM

		 To: Dan J Hyvl/HOU/ECT@ECT
		 cc: Stacy E Dickson/HOU/ECT@ECT
		 Subject: Re: FW: Best place to fish

Okay, how about this...

If Stacy goes tomorrow, we'll go.  If Stacy can't go tomorrow, we'll go
somewhere else one day next week since next Thursday is out for you.

Has Jeff been good?  Should we ask him too?

	Dan J Hyvl
	04/25/2001 11:21 AM

		 To: Jenny Helton/HOU/ECT@ect
		 cc:
		 Subject: Re: FW: Best place to fish

It appears that tommorrow is out.  Next week is definitely out.  The
following week is iffy.  I am leaving it to you to set something up with Mrs.
Granmayeh.

	Jenny Helton
	04/25/2001 11:16 AM

		 To: Dan J Hyvl/HOU/ECT@ECT
		 cc:
		 Subject: Re: FW: Best place to fish

Ah     ha ha ha ha ha!!!!!!!!

So, what's happening for lunch tomorrow?  Would next week be better?

	Dan J Hyvl
	04/25/2001 10:13 AM

		 To: Jenny Helton/HOU/ECT@ect, Pat Radford/HOU/ECT@ECT, Becky
Spencer/HOU/ECT@ECT, Kaye Ellis/HOU/ECT@ECT, Stacy E Dickson/HOU/ECT@ECT,
Debra Perlingiere/HOU/ECT@ECT
		 cc:
		 Subject: FW: Best place to fish

>> > >
>> > > > A blonde decided she needed something new and
>> > > > different for a winter hobby. She went to the bookstore and
>>bought
>> > > > every
>> > > > book she could find on ice fishing.
>> > > >
>> > > > For weeks she read and studied every book, hoping to become
>>an expert
>> > > in
>> > > > the field. Finally she decided she knew enough, and out she
>>went for
>> > > her
>> > > > first ice fishing trip.
>> > > >
>> > > > She carefully gathered up and packed all the tools and
>>equipment
>> > > needed
>> > > > for the excursion. Each piece of equipment had its own
>>special place
>> > > in
>> > > > her kit.
>> > > >
>> > > > When she got to the ice, she found a quiet little area,
>>placed her
>> > > > padded
>> > > > stool, and carefully laid out her tools. Just as she was
>>about to make
>> > > > her
>> > > > first cut into the ice, a booming voice from the sky
>>bellowed, "There
>> > > are
>> > > > no fish under the ice!" Startled, the blonde grabbed up all
>>her
>> > > > belongings, moved further along the ice, poured some hot
>>chocolate
>> > > from
>> > > > her thermos, and started to cut a new hole. Again the voice
>>from
>>above
>> > > > bellowed, "There are no fish under the ice!"
>> > > >
>> > > > Amazed, the blonde wasn't quite sure what to do, as this
>>certainly
>> > > > wasn't
>> > > > covered in any of her books. She packed up her gear and
>>moved to the
>> > > far
>> > > > side of the ice. Once there, she stopped for a few moments
>>to regain
>> > > her
>> > > > calm. Then she was extremely careful to set everything up
>>perfectly,
>> > > > tools
>> > > > in the right place, chair positioned just so, everything.
>> > > >
>> > > > Just as she was about to cut this new hole, the voice came
>>again,
>> > > "There
>> > > > are no fish under the ice!"
>> > > >
>> > > > Petrified, the blonde looked skyward and asked "Is that you
>>Lord?"
>> > > >
>> > > > The voice boomed back, "No, this is the manager of the
>>skating rink!"


do you still like apple?  looks pretty safe down here.  p/e is only 9.  what
do you think?


usually i use

gwhalley
lawrence


Employees who ride Metro bus routes 214 and 216 please note that Monday,
November 13, 2000, the buses will return to their normal route on Lousiana
instead of Milam for the afternoon.


Carol,

I have forwarded our tax comments on the Master Steel Agreement.  Please let
me know if you have any questions.  Thanks.

MRC

 -----Original Message-----
From:  Musch, Susan
Sent: Thursday, May  31, 2001 8:45 PM
To: Clark, Morris
Cc: Gockerman, Matthew F.
Subject: RE: Steel Master Form

Morris,

My comments on the Master Steel Agreement are as follows:

1.   Section 3.7 - The Taxes arising at the Delivery Point should be the
responsibility of the Buyer rather than Seller (i.e., Seller should be
responsible for all Taxes applicable to the Commodity being sold under the
Master Agreement arising upstream of the Delivery Point and Buyer should be
responsible for all Taxes applicable to the Commodity being sold under the
Master Agreement arising at and downstream of the Delivery Point).

2.   Section 3.7 - The phrase "within [___] days" should be added immediately
before the comma in the sentence beginning "[i]f Buyer and Seller are unable
to reach mutual agreement...."

3.   Section 3.7 - The following sentence should be inserted before the
sentence beginning "If either party is exempt from Taxes...":

Notwithstanding the foregoing, a Party is not liable for any applicable Taxes
that are legally imposed on the other Party and that are refundable to the
other Party, including without limitation value added or goods and services
taxes.

4.   Section 9 - The following sentence should be added to the definition of
Delivery Point:

For purposes of  transactions involving an Option on the Commodity, the
Delivery Point shall be defined to mean the date of delivery to the Buyer of
written confirmation of the purchase and sale of the Option, which date shall
be in all cases not earlier than one day following the day of acceptance of
the Counterparty,s offer.

5.   Section 9 - The phrase "goods and services taxes," should be added to
the definition of New Taxes immediately after the phrase "value added taxes,".

6.   Section 9 - The words "value added, goods and services," should be added
to the definition of Taxes immediately after the word "use,".

Please let me know if you have any questions or need any additional
information.

Best regards,
Susan

 -----Original Message-----
From:  Clark, Morris
Sent: Wednesday, May 30, 2001 2:31 PM
To: Musch, Susan
Subject: FW: Steel Master Form

Susan,

Can you please take a look at the attached steel master agreement  and
provide any additional language that you think is necessary (I imagine it
should work similar to the paper and pulp master that we discussed).  My
concern with the steel master is twofold: (i) it will be used for
international counterparties; and (ii) the treatment of options in many
foreign jurisdictions.  Thanks for your help.

MRC

 -----Original Message-----
From:  St Clair, Carol
Sent: Friday, May  25, 2001 3:08 PM
To: Clark, Morris
Cc: Murray, Julia
Subject: Steel Master Form

Morris:
Could you please review and sign off on the tax language?  Thanks.

Carol St. Clair
EB 3889
713-853-3989 (Phone)
713-646-3393 (Fax)
carol.st.clair@enron.com
----- Forwarded by Carol St Clair/HOU/ECT on 05/25/2001 03:07 PM -----

	Carol St Clair 05/25/2001 02:52 PM 	   To: Julia Murray/HOU/ECT@ECT, Harry M
Collins/HOU/ECT@ECT  cc: Dan Lyons/HOU/ECT@ECT, Lou Stoler/HOU/ECT@ECT, Peter
del Vecchio/HOU/ECT@ECT, Deb Korkmas/HOU/ECT@ECT  Subject: Steel Master Form

Julia and harry,
Enclosed is a revised draft of the Steel Master Agreement for your review.
Could you please forward this to Cheryl?  Thanks.

 << File: STEEL WORKING DRAFT NO.4 5-25 RED.DOC >>  << File: Steel Working
Draft No.4 5-25.doc >>

Carol St. Clair
EB 3889
713-853-3989 (Phone)
713-646-3393 (Fax)
carol.st.clair@enron.com


First Union Securities, Inc.

We hope you will be our guest at this year's First Union Securities CEO
Summit being held on Fisher Island, Florida, October 24 - October 26, 2001.
Attached is a file that highlights the Summit's program content, as well as
the many amenities and recreational activities offered to participants.
Additional information will be forthcoming.

 <<CEOSummit.exe>>
Steve Cummings
Co-Head of Capital Markets
First Union Securities, Inc.
(704) 383-6640
Fax: (704) 715-1856
steve.cummings@capmark.funb.com

 - CEOSummit.exe


David,
Denis told me yesterday that the same lawyer needs to do NDA and MOU (the NDA
is an extension of the MOU) and that Leslie was looking at the NDA so should
do the MOU as well.
I suggest that you give Denis a call to clarify.
Leslie should mail Denis (and copy me) with the final documents saying they
are OK, Denis will initial them, and I will get them signed and send them
wherever they are required.

I'll publish a general procedures guide later so everything works smoothly
going forward!

Regards,
Richard

David P Dupre
01/12/2000 02:22
To: Richard Sage/LON/ECT@ECT
cc:

Subject: Erisk MOU and NDA

How is this going?

There is an appendix A under Section E of the MOU which is
a non-disclosure agreement.

We are working on this NDA with Tana Jones of ENA Legal.

Cheers,
David


Reply Message:
Reply from STEVEN KEAN  is email -SKean to Jeff.Dasovich@enron.com|Info|How
can I get info on

Original Message:
Jeff.Dasovich@enron.com|Info|How can I get info on deals we've done to you?
Jeff


Deal is 507436 - Sean forgot the broker - it's been added.

Thanks,
Kate

Kerri Thompson@ENRON
01/29/2001 02:25 PM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: apb checkout

missing deal for sean c

selling mirant
feb
25 mw
240.00
palo

thanks!


that operational analysis form you have is mine.  If you would drop that in
intercompany mail, that would be great.  My address is 3264B.  Thanks.
PL


We will take -$1,937.97 as PMA for the ST-WR book for this month.  The details are in the attached spreadsheet.  If you have any questions please let me know.
Thanks,
Nick Warner


Ina:
Did you find out the info on the ENA management committee>
John


Date Change - due to scheduling conflicts for several people this meeting is now planned for Wednesday at 1:30 in 39C1.

	Let me know if this time does not work for you.

 -----Original Message-----
From: 	Boatman, Jack
Sent:	Thursday, January 10, 2002 12:32 PM
To:	Nacey, Sheila; Studebaker, James ; Bastida, Nancy; Lokey, Teb; Lichtenwalter, Blair; King Jr., Frazier; Cady, Rachel; Farrell, Sharon; Smith, Buzz; Dietz, Rick
Subject:	Gulfstream Interconnects - Meeting Tuesday 1/15 at 1:30 in EB39C1

Please plan to attend a meeting on Tuesday 1/15 at 1:30 in 39C1 to initiate discussions on potential business/system implications associated with the new Gulfstream interconnects in Florida.

These will be new receipt points in the FL Market Area and will go in-service by May/June.


We hope your experience with the ClickAtHome ordering web site and vendors
has been exciting and fun for you!  We need your feedback to determine the
success of the program and how we can further improve the program for future
participants.  Your feedback is greatly appreciated.  Please take 5 minutes
to complete the following survey by Wednesday, April 11.

http://etcsurvey.corp.enron.com/wi/p0503555/i.asp?r=1048&s=FOGSZNQK&l=9

Thanks,

ClickAtHome Project Team


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 12/22/99
10:47 AM ---------------------------

Robert Brooks <rebrooks@earthlink.net> on 12/21/99 12:30:58 PM
Please respond to "rebrooks@rbac.com" <rebrooks@rbac.com>
To: "'GPCM Distribution'" <rebrooks@rbac.com>
cc:  (bcc: Vince J Kaminski/HOU/ECT)
Subject: Items from Enerfax 12/21/99

Extracts from Enerfax:

Canadian Natural Gas Storage

Canadian Gas Association survey of Canadian natural gas in storage in Bcf for
the week ending December 10th:

                                                        Last    Last
            12/10       12/03       %Full   Week    Year
East        234.59      236.17      89.1        89.7    96.0
West        225.38      231.97      74.1        76.2    90.5
Total       459.98      468.14      81.1        82.5    93.1

East-West division is the Manitoba/Saskatchewan and North Dakota/Minnesota
borders.
East capacity:  263.22 Bcf
West capacity: 304.27 Bcf
The CGA survey includes liquefied petroleum gas, Canadian operators of gas
storage and Canadian companies contracting gas storage in the US. The survey
does not include statistics from the 25 Bcf Sabine storage facility in
Alberta.

El Paso Says Enron Successful Firm Capacity Bidder

    El Paso Natural Gas says that it contracted its remaining 1.2 Bcf per day
of firm interstate pipeline capacity to Enron North America for $38 million
plus upside potential for a one year term. Combined with the sale of 99.3
MMcf per day to Williams Energy Marketing and Trading, the total revenues
generated for the capacity on the El Paso Natural Gas system is $45.5 million
for the year 2000, an increase of 30% over the annual average revenues
generated from this capacity during the past two years. Following an offer
made by an undisclosed shipper, an open season was held to provide an
opportunity for other shippers to better the rates in the contract pursuant
to FERC regulations. The open season resulted in the contract with Enron
North America.

Kinder Morgan Buys Interest in Trailblazer

    Kinder Morgan Energy Partners has bought Columbia Energy Group's
one-third interest in Trailblazer Pipeline for $38 million. Trailblazer owns
a 436-mile, 492 MMcf per day natural gas pipeline from Rockport, Colorado, to
Beatrice, Nebraska. The purchase allows Kinder Morgan to take advantage of
increased natural gas exploration in the Rocky Mountains. Last week, it
agreed to acquire another third of Trailblazer as part of a $700 million
purchase of natural gas pipelines from its parent, Kinder Morgan Inc. Enron
owns the other third.

Bob Brooks

 - ATT00002.htm


Tina,
Attached is the Global Risk Management Operations update for the Philippe and
Greg Weekly Report, for the week ending March 28.
If you have any questions, please let me know.
Thanks,
Brian
x57677


(See attached file: HPLN1028.xls)

 - HPLN1028.xls


[IMAGE] Steve  Forbes Editor-in-Chief Forbes Magazine  Robert  L. Forbes President Forbes Global, FYI    cordially  invite you and a guest to a private reception on the occasion of the  World  Economic Forum 2002 Annual Meeting  on Friday,  the first of February from ten p.m. until midnight  "21"  Club 21 West 52nd Street (between Fifth and Sixth Avenue)  Please R.S.V.P. to Karena Bullock Telephone: (1) 212-620-2463 ? Fax: (1) 212-206-5109  ? Email: kbullock@forbes.com   By invitation  only: non-transferable.

 - Forbes_Invite.doc


Start Date: 12/11/01; HourAhead hour: 15;  HourAhead schedule download failed. Manual intervention required.


Strategic Documentation Review Task Force Members:

RE:
Force Majeure Working Group Meeting - Thursday, February 17 at 9am New York
time 2pm London time.
Collateral Documentation Working Group II - Friday, February 18 at 10:30am
New York time, 3:30pm London time.

Further to the e-mail message sent last week, both of the above-mentioned
meetings will be held at the ISDA offices in New York, 600 Fifth Avenue,
27th Floor (entrance on 48th Street) and at the offices of Allen & Overy in
London, One New Change, London.  Attendance in person is preferred however
telephone conferencing facilities will be available for participants who
cannot attend the meetings in person.

Please contact Barbara Hanlon by email at bhanlon@isda.org or by telephone
on 212 332 1200 to confirm how you wish to participate.

Thanks and regards
Corrinne Greasley


Ernie,  I think that's right.  It makes sense since he is Chief Weapons Officer.  Bieraugel is one smart dude.  He helped me through many an engineering class.  Wouldn't be surprised to see Admiral Bieraugel one day.

Did you see on CNN how the Navy guys are writing "For NYPD" and "FDNY" on the bombs being dropped in Afghan!  Eat that!!

Yep, Saturday was pretty depressing.  I have to hand it to OU.  Stoops is an outstanding coach.  I will still go to the games, though some of the luster is lost. How is the family doing?  My little sister Sharon had a little boy yesterday.  William Boone.  Pretty weird when your little sister starts having babies.  We still need to get together when we get a chance.  Let me know when you get some time.

G

 -----Original Message-----
From: 	Ernie.J.Zavaleta@fritolay.com@ENRON
Sent:	Tuesday, October 09, 2001 8:53 AM
To:	Nemec, Gerald
Subject:	Still here and still ready...

Gerald,

Does LCDR mean Lieutenant Commander?  On my last email his title was LT, just
lieutenant.  I guess that means our boy has been promoted......

The Horns weren't too impressive on Sat.............I was going to go to the
Colorado game, but I think I might skip now, seems like the whole season is
shot.........

---------------------- Forwarded by Ernie J Zavaleta/Frito-Lay/US on 10/09/2001
08:49 AM ---------------------------

LCDR Bieraugel <BIERAUGEL@john-paul-jones.navy.mil>
10/08/2001 10:44 PM

To:   Ernie J Zavaleta/Frito-Lay/US@Frito-Lay, Gerald.Nemec@enron.com
cc:
Subject:  Still here and still ready...

Amigos, I can't say anything about what we are doing out here.  I will tell
you this...the President told the military to be ready.  We are.

I appreciate the kind thoughts and words.  We're keeping the faith out here.
Take care.  Paul.


here is my first, rough draft contribution to the testimony.  I will be
travelling tonight, arriving in Sydney Sunday morning.  I have no idea what
time that is in Washington, Steve B., but if you will fax me any questions or
comments (I will ahve e-mail, too), I will respond ASAP.

Sandra - please send to Stephen Burns my fax number at the Regent hotel in
Sydney.  Also, please edit/clean up this rough draft, and re-transmit it to
Stephen, as my draft may be in need of some work.  thanks  mcs


Chris -

Do you know the status of the VNG October 2000 confirm sheet that I am
supposed
to sign?


Hello Team,

I have good news.  Clem Abrams approved the guaranty and will have it
executed first thing tomorrow.  (None of the requisite officers are in today).

I am still contacting Bear Stearns every couple of hours to get the final
drafts of the agreements in our hands.  I'll keep you posted.

Cheryl Nelson
Senior Counsel
EB3816
(713) 345-4693

	Sara Shackleton@ECT
	03/28/2001 10:21 AM

		 To: Cheryl Nelson/NA/ENRON@ENRON
		 cc:
		 Subject: Re: BEAR Guarantee letter

Sheila and Tom need to know the status.  Please advise them mid-day.

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

	Cheryl Nelson@ENRON
	Sent by: Cheryl Nelson@ENRON
	03/28/2001 10:04 AM

		 To: Sara Shackleton/HOU/ECT@ECT
		 cc: Sheila Glover/HOU/ECT@ECT
		 Subject: Re: BEAR Guarantee letter

Hi Sara and Sheila,

By way of update, I was able to get the guaranty to Clem and am working on
his getting it back to me by the end of the day.  I talked to Bear Stearn's
lawyer today about whether we could get the other agreements (account and
assignment) executed today and she represented that (1) she is still waiting
for her Managing Director's approval of her final draft in order to forward
it to me (2) but that she is working with me to check in with the MD every
hour or so for a status update.

Cheryl Nelson
Senior Counsel
EB3816
(713) 345-4693

	Sara Shackleton@ECT
	03/27/2001 06:59 PM

		 To: Sheila Glover/HOU/ECT@ECT
		 cc: Cheryl Nelson/NA/Enron@Enron
		 Subject: Re: BEAR Guarantee letter

Wednesday, March 28 is the target execution date for the ECI customer
agreement and assignment (from ENA) of the Securities Loan Agreement/credit
book.  I am not certain if Cheryl was able to expedite delivery of the new
ENE guaranty.

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

	Sheila Glover
	03/27/2001 02:10 AM

		 To: Tom Doukas/NA/Enron@ENRON, Sara Shackleton/HOU/ECT@ECT
		 cc: Richard Sage/LON/ECT@ECT, Jeff Kinneman/HOU/ECT
		 Subject: Re: BEAR Guarantee letter

Tom,
The day i received this I responded to Sara and cc'd richard that I was okay
with transferring the Stock Loan Agreement from ENA to ECI.  The ENA was
executed and the ECI piece is what is in process.

Sara,
Any update?  How far are we away from exectution?  Do you need anything from
anyone?

Thanks. Sheila

Tom Doukas@ENRON
03/26/2001 11:59 PM
To: Sara Shackleton/HOU/ECT@ECT
cc: David A Wall/Risk Mgmt/LON/ECT@ECT, Jeff Kinneman/Enron@EnronXGate@ECT,
Richard Sage/LON/ECT@ECT, Sheila Glover/HOU/ECT@ECT, Cheryl
Nelson/NA/Enron@Enron
Subject: Re: BEAR Guarantee letter

Just wanted to follow up to see if we have a time frame as to when the letter
will be fully executed.

Thanks,

Tom

From: Sara Shackleton@ECT on 03/22/2001 08:41 AM
To: Tom Doukas/NA/Enron@ENRON
cc: David A Wall/Risk Mgmt/LON/ECT@ECT, Jeff Kinneman/Enron@EnronXGate,
Richard Sage/LON/ECT@ECT, Sheila Glover/HOU/ECT@ECT, Cheryl
Nelson/NA/Enron@Enron

Subject: Re: BEAR Guarantee letter

Here's a recap for everyone.
Our original negotiation with Bear (for the Securities Loan Agreement) was in
the name of ENA, and, ENA had an existing account agreement with Bear.
However, Bear insisted that the account agreement was "too old" and that we
negotiate a new agreement.  I agreed on the condition that this not hold up
execution of the Securities Loan Agreement.  We have one or two final points
remaining on the new account agreement which we'll execute for both ENA and
Enron Credit Inc.. ("ECI").  We have the authorized trader list for ECI and
are waiting for Richard to designate the new officer/director slate but we
are prepared for execution by the existing officers in London.  The
assignment instrument will be very short for transferring the ECI book from
ENA to ECI.  It will take only a few days to replace the existing ENE
guaranty for the Securities Loan Agreement.

Jeff and Sheila:  Please verify that both ENA and ECI do not  need the
Securities Loan Agreement.  I believe it is just ECI and we can transfer the
existing agreement to ECI.

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

	Tom Doukas@ENRON
	03/21/2001 12:28 PM

		 To: Sara Shackleton/HOU/ECT@ECT
		 cc: Jeff Kinneman/Enron@EnronXGate, Sheila Glover/HOU/ECT@ECT, Richard
Sage/LON/ECT@ECT, David A Wall/Risk Mgmt/LON/ECT@ECT
		 Subject: BEAR Guarantee letter

Sara,

I just spoke with Russ Miron from Bear Sterans regarding our Guaranty to
Reduce funding to 20% per side.

I had asked him about when they will be executing the agreement.  He said
that his lawyers are ready to sign but are under the impression that you have
one remaining point to resolve and that this point is holding up the
finalization of the agreement.

Is there an issue from our side?  If not we should be able to get this
execution taken care of immediately?

Thanks,

Tom
713-853-9074


This is a copy of your message sent to Greenamber5@talkmatch.com -->

Hello,

I ran across your picture and profile and was very impressed.  I sent along my profile, take a look and see if there is any interest.  I'd sure like to hear back from you.

Click the following link to view the sender's profile:
http://www.match.com/doubleblind/showprofile.asp?UserID=484948454C4B4E&trackingid=65685

The following is my profile text:

Hello, I'm a down to earth person that likes to laugh and have a good time. I work in downtown Denver as a commodities trader for a large energy trading house. I do enjoy my career but understand life needs to be kept in prospective and be balanced. I enjoy activities over sitting and watching, but I have been known to sit in front of the TV and watch football or college basketball all day. I'm looking for someone who enjoys life and doesn't take themselves too seriously.

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

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your email to remain anonymous.

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liable for the content of these messages. All members are bound by our
Match.com Service Agreement.


IntercontinentalExchange
                                                                                Firm Physical Natural Gas Price Bulletin
                                                                                For Natural Gas Delivered on Thursday, October   11, 2001
                                                                                (Trade Date of Wednesday, October   10, 2001)
Click here to access index history


i'm ready to go.  however, will this new system give a slower connect to eol,
etc?

From: Mike Hernandez/ENRON@enronXgate on 01/23/2001 10:00 AM
To: Jeffrey A Shankman/HOU/ECT@ECT
cc: Jennifer Burns/HOU/ECT@ECT
Subject: Migration to Windows 2000

Jeff:

 During my assessment of your machine, I noted your current hardware
configuration:
SP750 with Dual 800Mhz PIII processors
512MB RAM
Matrox Quad video card

We currently do not have hardware in stock that matches these
specifications.  Our current practice is to prepare a machine that is like or
better than the machine the customer has currently, then swap that hardware.
The benefits here are minimal downtime and the ability to switch back to the
old machine quickly if an application does not work correctly in Windows
2000.  Because we do not have a machine of equal or greater speed in stock,
here is what I propose:

Every machine we migrate is Ghosted.  By this, I mean we run a program called
Ghost which takes a snapshot of the machine in its current state.  This image
can then be put back on the machine or accessed to retrieve files or other
data.  I propose we Ghost your existing machine, make a backup copy of that
image (after verifying it works correctly), then re-use your current hardware
with Windows 2000.  The risk here is that we cannot go back to Windows NT
(your current system) as quickly if something does not work.

If you would like to move ahead with this plan, please let me know.
Otherwise, we will order a machine with the same specifications, but it will
take some time to get here.

I look forward to hearing from you.

Regards,

-Mike Hernandez
Project GEM
(713)853-7740


Daily Market Commentary ATTENTION  . . . ATTENTION . . . ATTENTION . . . Beginning December 3 the Daily Briefs will be available only with a subscription to GasTrader Newsletter. With GasTrader Newsletter and the Daily Briefs not only will the short term outlook from the floor of the New York Mercantile Exchange be available, but the longer term outlook complete with no nonsense trading recommendations will be covered as well. Check out the website for a SAMPLE NEWSLETTER, sign up for a FREE 5 WEEK TRIAL SUBSCRIPTION at GasTrader.net or reply to this e-mail if interested in a special discount. . . . . .

November 20, 2001

SHORT COVERING CONTINUES AS TRADE SELLS . . .

 Natural gas futures worked higher in active trading Tuesday on the New York Mercantile Exchange. An overly optimistic opening call prompted early buying by local and short term traders, but trade and commercial accounts used the occasion to sell. Traders are anxiously awaiting the release of tomorrow's inventory report, and longer term traders see a potential market free fall. . .
 At the end of the day the December futures added $.061 to $2.852 per MMBtu, and the January rose $.045 to $3.041 per MMBtu. . .
 "It was a wild night on Access last night and prices were called 10 cents
to 11 cents higher so a number of local traders were long right at the open,"
said a New York floor trader. . .
 "There was a print of $2.91 in early trading, so that encouraged more traders to buy, but that turned out to be an error and $2.81 was the correct
print." . .
 "Trade and commercial accounts were active sellers in early trading and
that pushed prices down in early trading, but they were also sellers as
prices rose back to $2.75 to $2.77 at midsession." . .
 "I believe that the floor traders are holding a nominal long position. We're
hearing estimates of a 10 BCF draw to a 10 BCF build on the AGA report
tomorrow," he said. . .
 Other traders are assessing the economy for signs of greater demand for natural gas, and aren't terribly encouraged.
 "My indicators show that the worst of the economy is not behind us," says
Greg Parks, broker analyst with Refco, Chicago.
 "One of my clients says that if the AGA report tomorrow shows a build, that
the December natural gas contract will trade below $2.00 by expiration
(next Wednesday). In the absence of very cold weather, natural gas has at least 30 to 40 cents more to the downside. Demand is all heating related this
time of year," he said. . .
 "I'm looking for a small build in the AGA's to crack the market pretty hard," he said.

For the most complete information available subscribe to GasTrader at http://gastrader.net

Bill Burson
120 Summit Blvd.
Englewood, Colorado 80110
Tel (303) 761-7470 * Fax (303) 761-8662
(To be removed from this list send email to burson@gastrader.net)


good, safe and clean fun?  didn't add to your corruption score?  is that the
tubbing place?


Vince -
That is not a problem.  We will not schedule you for a dinner.  Thanks for
your help with interviews!
Beth

Vince J Kaminski
05/31/2000 06:04 PM
To: Beth Miertschin/HOU/ECT@ECT
cc: Vince J Kaminski/HOU/ECT@ECT, Shirley Crenshaw/HOU/ECT@ECT
Subject: Re: Super Saturday Interviews

Beth,

Please, let me know about Friday night. I want to know if I should
dress up for dinner. I am very busy and I would be glad to skip dinner
if you have  enough people to cover it.

Vince

	From:  Beth Miertschin                           05/31/2000 05:19 PM

To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: Super Saturday Interviews

---------------------- Forwarded by Beth Miertschin/HOU/ECT on 05/31/2000
05:19 PM ---------------------------

	From:  Beth Miertschin                           05/31/2000 01:51 PM

To: Kevin Ruscitti/HOU/ECT@ECT, Tom Adams/HOU/EES@EES, Harold
Bertram/HOU/ECT@ECT, Ted C Bland/HOU/ECT@ECT, W Tom Byargeon/HOU/ECT@ECT,
Rogers Herndon/HOU/ECT@ect, Kevin McGowan/Corp/Enron@ENRON, Cindy
Skinner/HOU/ECT@ECT, Mark Tawney/HOU/ECT@ECT, Greg Woulfe/HOU/ECT@ECT,
Matthew Arnold/HOU/ECT@ECT, Keith Holst/HOU/ECT@ect, Elspeth
Inglis/Corp/Enron@Enron, Kim Melodick/HOU/ECT@ECT, Sheila Walton/HOU/ECT@ECT,
Janet R Dietrich/HOU/ECT@ECT, Gary Hickerson/HOU/ECT@ECT, Vince J
Kaminski/HOU/ECT@ECT, George McClellan/HOU/ECT@ECT, Julia Murray/HOU/ECT@ECT,
Jere C Overdyke/HOU/ECT@ECT, Jeffrey A Shankman/HOU/ECT@ECT, Fran L
Mayes/HOU/ECT@ECT, Dave Hill/Corp/Enron@Enron, Brad McSherry/HOU/ECT@ECT,
Toni Graham/Corp/Enron@Enron, James A Ajello/HOU/ECT@ECT, Phillip K
Allen/HOU/ECT@ECT, Edward D Baughman/HOU/ECT@ECT, Sally Beck/HOU/ECT@ECT, Bob
Crane/HOU/ECT@ECT, David Oxley/HOU/ECT@ECT, Kevin M Presto/HOU/ECT@ECT,
Daniel Reck/HOU/ECT@ECT, Hunter S Shively/HOU/ECT@ECT, Cedric
Burgher/Corp/Enron@ENRON
cc: Ginger B Gamble/HOU/ECT@ECT, Shelly Jones/HOU/ECT@ECT
Subject: Super Saturday Interviews

Thank you for volunteering to interview this Super Saturday, June 3rd.  We
are working on the interview schedule and you will be receiving an interview
packet no later than Friday morning.  Please let us know as soon as possible
if you have any conflicts and will not be able to participate.

We appreciate your support of the Associate/Analyst Program.

Beth Miertschin


The commercial guys have asked me for an update on where we stand with BP.
Any news?


Soma,

It was a pleasure working with you.
Let's stay in touch. Here are my coordinates:

Vince Kaminski
(281) 367 5377 (h)
vkaminski@aol.com

Vince

 -----Original Message-----
From: 	Ghosh, Soma
Sent:	Monday, December 10, 2001 9:50 PM
To:	Kaminski, Vince J; Shanbhogue, Vasant
Subject:	Good-bye

Just wanted to write a quick note to say thankyou for your assistance and advice over the the last 5.5 yrs. It was really a privilege working with such great people. I may be back in the office within the next few weeks so hopefully I can track you down on 19 & say good-bye.

I shall be returning to the UK on Dec 23rd, and will proceed to look for a job along with the other 1,500 ex-employees.

Well it's been quite a ride & I'm pretty much ready to get off & move on.

I hope that I have the opportunity to meet with you again. Please do look me up if you are ever in London.

Kind regards,

Soma

E-mail: soma_ghosh1@hotmail.com
UK Tel: 011 44 208 942 8740


Their web address is www.nwei.org if you want to know more about it.  I also
can show you the book we used in the discussion group.


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Please find attached the risk pool report as of 11/26/01.

Maribel M Monterrey
Office: (713) 853-9048
Fax: (713) 853-9476
Maribel.Monterrey@enron.com


Yes.  We talked this morning, and I am pleased with the results.  We talked
about integrating our offices fully.  We agreed that I would put together an
office seat assignment chart, which would move John and his folks into our
section of the office.  This will allow  us to more fully integrate our
activities on a daily if not hourly means.  We also talked about how John and
Tom should think about our involvement on international issues.  Our basic
framework, which will need further definition, is to consolidate Joe Hillings
activities into John's  and Tom's portfolios.  By that I see John handling
project based activity and Tom predominantly handling international
legislative issues.  There will of course be overlap but I think the friction
we have seen in the office to date should be mitigated with this approach.
Tom has a very full plate, and even with our new hires, I do not see Tom's
domestic (such as energy and commodities) activities dropping off that much.
This too should lessen friction.  John and I also talked about consolidating
our budgets.  I explained to him how that has worked to date with Joe
Hartsoe's group.  John and I also discussed our outside counsel in the
international arena, including McLarty.  John thought Mac could be very
helpful to us and that we can better focus Mac's assignments.   We also
discussed that I planned to end or multilaterize the Hills Co. engagement at
the end of March.  I am prepared to recommend that we either terminate the
engagement or ask other members of the coaltion to pay an equal share of the
cost, thus potentially our cost to a $2/3K level per month from its current
level of $20K.  I doubt members will be willing to give up their free ride,
so my guess is that we will be terminating the contract.

	Richard Shapiro
	02/21/2001 10:10 AM

		 To: Linda Robertson/NA/Enron@ENRON
		 cc:
		 Subject: Enron International

Have you talked to John?
---------------------- Forwarded by Richard Shapiro/NA/Enron on 02/21/2001
09:10 AM ---------------------------

Ginger Dernehl
02/21/2001 08:33 AM
To: Richard Shapiro/NA/Enron@Enron
cc:

Subject: Enron International

FYI

gngr
713-853-7751
----- Forwarded by Ginger Dernehl/NA/Enron on 02/21/2001 08:38 AM -----

	Lora Sullivan
	02/21/2001 07:46 AM

		 To: Ginger Dernehl/NA/Enron@Enron
		 cc:
		 Subject: Enron International

Ginger --

I checked with Helen Rizzo this morning and she said there has been no final
word about their status.
I would suggest that Rick and/or other principals discuss and get back to
John Hardy -- when and if they make a decision
about incorporating that group into Federal Government Affairs.

That's all I know!

Best.

Lora


Sibyl Peyer (see email address below).

phone:  212-902-8191

fax:  212-428-1899

Sibyl has your phone number.

Customer Agreement (I will forward)
Repo Agreement (this is news to me)
Tax ID - WAITING (Mary Perkins handling)
Bylaws (not certified - OK)
Authorized Traders (incumbancy from signer of agreements - NEED)

 -----Original Message-----
From: 	Shackleton, Sara
Sent:	Tuesday, November 06, 2001 11:42 AM
To:	'sibyl.peyer@gs.com'
Subject:

Sara Shackleton
Enron Wholesale Services
1400 Smith Street, EB3801a
Houston, TX  77002
Ph:  (713) 853-5620
Fax: (713) 646-3490


Kevin,

Put Russell down as 100%.  He's in San Antonio this weekend with his visiting brothers and unfortunately, his contract is here in Houston.  I talked to him last night and he had Jeannie Sloan fax his doc to the hotel and he assured me he'd review it then or first thing this a.m.  I'm sure he'll find the language acceptable since it's merely a 30-day evergreen.  As for additional $'s, I personally guaranteed him $10k and gave him 50-50 odds on the 1-year contract we talked about yesterday.  He's in either way.

 I also called Suarez yesterday and left a message, but haven't heard back yet.  I'll lob another call in this morning around 10am.

Did you receive a faxed signature copy from Carson yesterday/this a.m.?

Flet


Richard:
I am attaching, at Eric Newell's request, a copy of the most recent draft of
the Complaint against Southern California Edison prepared by Enron Wind with
respect to the wind power projects managed by the company that sell power to
that utility.? Please call me or Eric with any questions that you may have
concerning the complaint.?

Regards,

John Lamb

 - 3_W1D03!.doc


Thanks, Ron.  Greatly appreciated.  For my part, please feel free to forward
along any articles.

Best,
Jeff

"Ronald Carroll" <rcarroll@bracepatt.com> on 09/13/2000 10:52:21 AM
To: <rreilley@coral-energy.com>, <jdasovic@enron.com>, <mary.hain@enron.com>,
<smara@enron.com>
cc:
Subject: Fwd: DJ - FERC Chief Pledges Action, If Needed, On Calif Pwr Woes

You have probably already seen the trade press accounts of the hearing this
week, but I wanted to make sure that you see this one, since it is more
evenhanded and informative, with less rhetoric.

Let me know if you would like me to forward the other articles that I've seen.

Ron
Content-Transfer-Encoding: quoted-printable
Date: Wed, 13 Sep 2000 07:33:40 -0500
From: "Tracey Bradley" <tbradley@bracepatt.com>
To: "Deanna King" <dking@bracepatt.com>, "Jeffrey Watkiss"
<dwatkiss@bracepatt.com>, "Paul Fox" <pfox@bracepatt.com>, "Ronald Carroll"
<rcarroll@bracepatt.com>
Subject: DJ -  FERC Chief Pledges Action, If Needed, On Calif Pwr Woes
Mime-Version: 1.0
Content-Type: text/plain; charset=ISO-8859-1
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FYI - This article is very informative about the options FERC is considering
to address the California power market situation; no surprises for anyone
following this closely.  Please note that Chairman Hoecker felt the need to
emphasize the limitations of FERC's power under the Federal Power Act.

DJ FERC Chief Pledges Action, If Needed, On Calif Pwr Woes
Copyright , 2000 Dow Jones & Company, Inc.

(This article was originally published Monday)
     WASHINGTON (Dow Jones)--The Federal Energy Regulatory Commission has
limited authority to address flawed electricity markets in California and
alleged price gouging by power producers, but will act to overhaul the
state's wholesale power markets if necessary, FERC Chairman James Hoecker
told a congressional panel Monday.

     The commission was ready to act once the results of an expedited staff
investigation of problems affecting power markets in the U.S. West becomes
available, Hoecker said in testimony presented to a San Diego field hearing
of the House Commerce Committee's energy panel.

     "If we need to fix market rules or market structures within our
jurisdiction, we will do so," Hoecker told lawmakers. And if price gouging is
occurring "as some have alleged," he added, "we will respond accordingly, by
revoking market-based rates or otherwise."

     However, Hoecker stressed that the commission's authority is limited
under the Federal Power Act.

     "The commission has limited ability to relieve the immediate customer
crisis. Important aspects of this problem are a state responsibility, such as
authorizing construction of new generation and transmission facilities,"
Hoecker testified.

     The commission can't act to limit prices charged by power providers
"until we have a record supporting such action," he said, referring to the
results of the pending staff investigation.

     Further, he said, the law bars FERC from ordering retroactive refunds to
San Diego Gas & Electric Co. for the power it purchased this summer to serve
its retail customer base.

     Hoecker testified before the House Commerce Committee's Energy and Power
Subcommittee, which is looking into the supply shortages in California this
summer that have forced San Diego electricity consumers to pay twice as much
for power as they did a year ago.

     State Mkt Structure Blamed For Crisis

     The hearing comes after much wrangling at FERC, as SDG&E, a unit of
Sempra Energy (SRE), sought an order setting price caps for power bid into
the state-sponsored electricity exchange, and power producers sought an order
allowing cost recovery for lost opportunity sales if the state's independent
grid operator curtailed sales outside California, where price controls don't
apply.

     FERC hasn't yet responded to the producers, and deferred action on
SDG&E's bid for price controls until the staff investigation is completed.
But it left in place an order allowing the independent system operator to
limit the price it pays for power, which acts as a de facto cap on prices bid
into the power exchange.

     Hoecker, while withholding judgment pending the staff probe, appeared to
place much of the blame for this summer's crisis with the state-mandated
market structure, which left San Diego consumers subject to spot-market
volatility.

     And he appeared to suggest that FERC's order directing utilities to
transfer transmission assets to control of large regional transmission
organizations, or RTOs, will offer an opportunity to develop a regional
solution to the power-supply problem.

     FERC deferred to California in restructuring the wholesale market in
California because its experience with new market institutions such as power
exchanges and ISOs was limited, Hoecker said.

     Other states, such as Pennsylvania, were "less prescriptive than
California in telling the commission how their wholesale markets should
operate," Hoecker noted.

     Now, with FERC's Order 2000 encouraging formation of RTOs, "the
commission is in a very different posture with respect to the structure of
wholesale markets," he said.

     "Large regional markets can be made to work effectively," Hoecker told
the lawmakers, citing the Pennsylvania restructuring as an example.

     Other witnesses were more forceful in criticizing the state-mandated
market structure.

     By requiring the state's three investor-owned utilities to purchase all
their electricity from the power exchange and limiting their ability to hedge
price risks by entering into long-term fixed-price contracts, the state left
consumers subject to volatility in the state-mandated spot market, said
officials with Enron Corp. (ENE) and Reliant Energy (REI).

     California's market structure "placed no economic incentives on the
default utility providers to look out for the costs that are ultimately
passed on to their consumers," Reliant's John Stout testified.

     "San Diego's experience offers the Congress an unparalleled opportunity
to learn from a bungled attempt at deregulation," said Michael Shames,
executive director of Utility Consumer's Action Network.

     Shames and other witnesses warned the congressional committee that
California's electricity crisis is likely to occur in other regions of the
country unless steps are taken to free up interstate trade in power and allow
FERC to better police markets.

     "California is just the latest problem area in U.S. power markets and,
unless policymakers act quickly, it will not be the last," said Enron Corp.
(ENE) Steven Kean executive vice president.

     "Unless Congress and FERC are willing to address the interstate issues
that are beyond the jurisdiction of state legislators and regulators, I
predict that our experience in San Diego is indicative of what others will
encounter in trying to create a competitive electricity market," said Edwin
Guiles, Sempra's president of regulated operations.

     "This electricity crisis is not a California-only problem," said Rep.
Brian Bilbray, R-Calif., who represents San Diego and requested Monday's
hearing.

     "We will continue to be in this mess if state and federal officials
don't work together to find long-term solutions to the flaws in the
marketplace," Bilbray said.

     -By Bryan Lee, Dow Jones Newswires, 202-862-6647,
mailto:bryan.lee@dowjones.com
     (END) Dow Jones Newswires 12-09-00

     1215GMT


Kathy said some Mobil traders created National Energy And Trade after Mobil let go of a bunch of people.  I guess you know that both Molly and Chris worked for Mobil.  By the way I did the math on Sabra.

$400 x 7 months = $2,800.00

$3,733.33 / 75% = $3,733.33

$3,733.33 / 5% = $74,666.67


Greg Whalley will be in attendance at both meetings.

Liz

	Enron North America Corp.

	From:  Sherri Reinartz @ ENRON                           01/12/2000 03:30 PM

To: James M Bannantine/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Cliff
Baxter/HOU/ECT@ECT, Sanjay Bhatnagar/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT,
Rick Buy/HOU/ECT@ECT, Richard Causey/Corp/Enron@ENRON, Diomedes
Christodoulou/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, James V Derrick@Enron,
Andrew S Fastow/HOU/ECT@ECT, Peggy Fowler/Enron@Gateway, Mark
Frevert/LON/ECT@ECT, Kevin P Hannon/HOU/ECT@ECT, Ken Harrison/Enron@Gateway,
David Haug/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Joe Hirko/Enron
Communications@Enron Communications, Stanley Horton/Corp/Enron@Enron, Kurt S
Huneke/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Larry L
Izzo/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Steven J Kean/HOU/EES@EES, Mark
Koenig/Corp/Enron@ENRON, Kenneth Lay/Corp/Enron@Enron, Rebecca P
Mark/HOU/AZURIX@AZURIX, Mike McConnell/HOU/ECT@ECT, Rebecca
McDonald/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Jeffrey McMahon/HOU/ECT@ECT, J
Mark Metts/HOU/ECT@ECT, Cindy Olson/Corp/Enron@ENRON, Lou L Pai/HOU/EES@EES,
Kenneth D Rice/HOU/ECT@ECT, Jeffrey Sherrick/Corp/Enron@Enron, John
Sherriff/LON/ECT@ECT, Jeff Skilling/Corp/Enron@ENRON, Joseph W
Sutton/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Greg Whalley/HOU/ECT@ECT, Thomas
E White/HOU/EES@EES, Brenda
Garza-Castillo/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Marcia
Manarin/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Susan Skarness/HOU/ECT@ECT,
Stacy Guidroz/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Beena
Pradhan/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Karen K Heathman/HOU/ECT@ECT,
Sharron Westbrook/Corp/Enron@ENRON, Molly
Bobrow/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Rosane
Fabozzi/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Stephanie
Harris/Corp/Enron@ENRON, Bridget Maronge/HOU/ECT@ECT, Shelby
Earle/Corp/Enron@ENRON, Shelby Earle/Corp/Enron@ENRON, Mary
Trosper/Enron@Gateway, Nicki Daw/LON/ECT@ECT, Carol Ann Brown/HOU/ECT@ECT,
Dolly Henrici/Enron@Gateway, Ann Joyner/Corp/Enron@ENRON, Elaine
Rodriguez/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Nancy Young/Enron
Communications@Enron Communications, Ann Joyner/Corp/Enron@ENRON, Cindy
Stark/Corp/Enron@Enron, Sherryl Stone/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT,
Mary E Garza/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Maureen
McVicker/HOU/EES@EES, Joannie Williamson/Corp/Enron@ENRON, Rosalee
Fleming/Corp/Enron@Enron, Vanessa Groscrand/Corp/Enron@Enron, Marsha
Lindsey/HOU/AZURIX@AZURIX, Cathy Phillips/HOU/ECT@ECT, Loretta
Brelsford/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Sue Ford/HOU/ECT@ECT, Dolores
Fisher/HOU/ECT@ECT, Karen Owens/HOU/EES@EES, Dorothy B Dalton/HOU/ECT@ECT,
Christina Grow/Corp/Enron@Enron, Lauren Urquhart/LON/ECT@ECT, Sherri
Reinartz/Corp/Enron@ENRON, Katherine Brown/Corp/Enron@ENRON, Pam
Benson/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Liz M Taylor/HOU/ECT@ECT, Judy G
Smith@EES, Bobbie Power/Corp/Enron@ENRON
cc: Joe Witherspoon/Corp/Enron@ENRON, Rodney Keys/Corp/Enron@ENRON, DeMonica
Lipscomb/Corp/Enron@ENRON, Vanessa Groscrand/Corp/Enron@Enron, Suzanne
Danz/Corp/Enron@ENRON, Keith Dziadek/HOU/EES@EES
Subject: EXECUTIVE COMMITTEE MEETINGS - MONDAY, JANUARY 17

Please respond regarding your attendance at the following events:

Executive Committee Breakfast
Date:  Monday, January 17
Time:  7:30 a.m.
Location: EB50M

Please indicate below whether or not you will attend the breakfast.

  Yes, I will attend __X__

  No, I will not attend _____

*  *  *

Executive Committee Weekly Meeting
Date:  Monday, January 17
Time:  11:00 a.m. (CDT)
Location: 50th Floor Boardroom
Video:  Connections will be established with remote locations upon request.
Conf call: A conference call bridge has been reserved.  The dial in number
713/853-3233.
  Please contact Sherri Sera (713/853-5984) or Katherine Brown (713/345-7774)
  for the weekly passcode.

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

 Yes, I will attend in person ____X___

 By video conference from _______

 By conference call  _______

 No, I will not attend  _______

*  *  *

Please return this e-mail to me with your response by 12:00 p.m., Friday,
January 14.

Thank you,
Sherri


Jan


GE is asking for invoicing instructions for equipment currently in TP.  I
don't recall that being addressed in the documents they signed, and  I didn't
see an obvious answer in the documents I reviewed.  Any problem with Ben
receiving the invoices for now, then he can process through GF, etc?

Thanks,

Kay


Hello Mr. Roberts:

Vince Kaminski will be arriving in London on Monday, the 18th of September
at 9:55 AM.  He would be available to meet with you in the afternoon on the
18th.

Please let me know if this is acceptable and who the individuals are that
will be attending the meeting.  You also mentioned an agenda, which would
be great.

Thanks!

Shirley Crenshaw
Administrative Coordinator
Enron Research Group


Congrats, he is a great guy.
m

Doug Arnell@ENRON_DEVELOPMENT
02/20/2001 11:07 AM
To: Eric Gonzales@ECT, Mike McConnell/HOU/ECT@ECT, Jeffrey A Shankman@ECT
cc: Jody Crook/Corp/Enron@ENRON
Subject: Jody Crook

FYI, this morning I confirmed with Jody Crook (currently an analysist in
Texas Risk Management) that he would be joining the LNG group as an analyst
beginning March 1.  Jody is clearly a very energetic guy, willing to learn,
and I believe he will be a great addition to the team.

Thanks


[IMAGE] Forums Discuss these points in the Forums:  Forexnews Forum       Technicals Live Charts Analysis available from: Cornelius Luca   J.P. Chorek   Technical Research Ltd.   Charts & News featuring Standard & Poor's       Interest Rates   US: Japan: Eurozone: UK: Switzerland:   1.75%  0.15%  3.25%  4.0%  1.25-2.25%       [IMAGE] 	 [IMAGE]  Japanese Forex Trading Preview  February 7, 7:00 PM: EUR/$..0.8702 $/JPY..133.92 GBP/$..1.4141 $/CHF..1.6914  Japanese Forex Trading Preview by Darko Pavlovic  At 12:00:00 AM Japan Dec Machinery orders m/m (exp -10%, prev 14.9%) At 6:50:00 PM Japan Jan Domestic WPI y/y (exp -1.3%, prev -1.4%)  Japan Jan Money Supply (exp 3.5%, prev 3.4%)  The dollar rose to 134 yen after January domestic WPI fell 0.2% m/m. The index was down 1.4% from the previous year, the 16 th consecutive month of year on year decline, adding to gloomy economic outlook. January M2+CD money supply rose 3.6% y/y. For the upcoming G7 meeting in Canada this weekend, some analysts think that Japan seems reluctant to weaken the yen significantly, given all the criticism by its Asian neighbors and US manufacturers that the weak yen is undermining their trade competitiveness. In the meantime, markets are also anxious about any monetary policy decision that might be reached at the ongoing Bank of Japan meeting. With deteriorating conditions, the BoJ is under considerable pressure to ease monetary policy to address the nation's economic quagmire. Since interest rates are nearly zero, the central bank may have to resort to increasing its purchases of JGBs from the current level of 800 billion yen to nearly 1 trillion yen in order to inject liquidity in markets and stabilize bond yields. Any such move would likely weaken the yen further, and thus skeptics believe the BoJ may refrain from such a drastic measure because of international pressure at the G7 meeting. PM Koizumi said on Thursday he was willing to continue with reforms despite the plunge in his cabinet's approval ratings.' I believe structural reform is needed to realize sustainable growth of the Japanese economy in the future,'' the PM said. Koizumi also repeated the government's plan to take brave measures to evade a financial crisis.  Support is viewed at 133.40, 133.0 and 132.65. Upside capped at 134.15, 134.40 and 134.80.  US Treasury Secretary O'Neill advocated that all G7 nations must donate to growth to increase living standards. He declared that the worst of the US economic slowdown is over and that there are more signs that a US economic recovery is present. Furthermore, O'Neill urged Japan to implement measures to get its economy on track, but declined to comment on the value of the Japanese yen.  EUR/USD is trading near its day's highs of 87.13 underpinned by ECB President Duisenberg's announcement of his retirement in July 2003, as well as optimism over the Eurozone's economic future. ECB's Duisenberg announced today his decision to step down early for reasons of transparency and to squash speculation, adding that it is a well-known fact that he would not stay for a full-term, but ruled out the possibility of retiring earlier than July 2003. He stressed that there is no connection between his announcement and a succession by serving Vice-President Noyer. German industrial orders rose 5.0% m/m in December from the previous 0.6%, fueling hopes that a recbound is in the works. Traders disregarded the European Central Bank's result this morning to hold rates steady at 3.25% because they are at an suitable level. ECB head Duisenberg commented that monetary developments do not create risks to price stability, but added that a reassessment may be needed if the economy recovers. ECB President Duisenberg once again reiterated that inflation should fall below 2% this year and stay there, though he foresaw inflation would be erratic in early 2002. Moreover, French Finance Minister Fabius confirmed that he lowered France's growth outlook in 2002 to 1.4-1.6% from an initial range of 2.25-2.5%, and projected GDP in 2003 between 2.8-3.2%. Resistance is seen at 87.20, 87.50 and 88.0. Support stands at 86.35, 86.0 and 85.55-- the 71.8% Fibonacci retracement of the move from 82.25 to 95.95.  The UK currency shrugged off the Bank of England's unsurprising decision this morning to leave rates unchanged at 4.0% in light of the UK's 2-speed economy characterized by robust consumer and housing spending that is being offset by a contracting manufacturing industry. Resistance is eyed at 1.4165, 1.420 and 1.4235. Support holds at 1.4060, 1.4040 and 1.40.   This week's remaining US indicator is wholesale trade. From the Eurozone, major economic releases consist of German industrial production and Dutch CPI. Highlights from Japan are money supply, wholesale prices and machinery orders. Over the weekend, currency traders will be carefully monitoring any developments at the G7 meeting in Toronto for any mention of the weak yen or strong dollar policies. ECB President Duisenberg indicated that the euro is unlikely to be mentioned in the G7 communique.    	[IMAGE] Audio Mkt. Analysis Euro Crawls Higher in Quiet Trading       Articles & Ideas  A Weak Yen Bites   Even Koizumi Drags Down the Yen       Articles & Ideas Forex Glossary   Economic Indicators   Forex Guides   Link Library      [IMAGE]
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---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 01/31/2000
02:55 PM ---------------------------

VKaminski@aol.com on 01/30/2000 02:11:27 PM
To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: Fwd: Credit Applicatiions in GRMS

Return-Path: <vkamins@ect.enron.com>
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From: "Vince J Kaminski" <vkamins@ect.enron.com>
To: vkaminski@aol.com
Message-ID: <86256874.007BF56A.00@notes.ect.enron.com>
Date: Fri, 28 Jan 2000 16:33:56 -0600
Subject: Credit Applicatiions in GRMS
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---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 01/28/2000
04:33
PM ---------------------------

Bjorn Hagelmann
01/28/2000 09:25 AM

To:   William S Bradford/HOU/ECT@ECT, Jonathan Le/HOU/ECT@ECT, Gary
      Hickerson/HOU/ECT@ECT, Philippe A Bibi/HOU/ECT@ECT, Vince J
      Kaminski/HOU/ECT@ECT
cc:   Rick Buy/HOU/ECT@ECT, Mike McConnell/HOU/ECT@ECT
Subject:  Credit Applicatiions in GRMS

THIS NOTE IS FROM TED MURPHY (not bjorn hagelman)

My understanding is that yet another meeting has been scheduled with the
intent
of diverting resources from the GRMS project to some other project.

While I am not privy to the urgency of this other project, I do know that we
have a very large, multi -phase project going in GRMS.
GRMS stands for the GLOBAL RISK MONITORING SYSTEM.  It is not intended to be a
commercial trading product not is its primary purpose for commercial
decision-making.  Conceptually, it is a risk warehouse for the primary purpose
of RAC due to the deficiency of current front office trading systems and their
inability to provide timely, aggregated information useful to RAC.

RAC has spent over a year developing a business plan scope and detailed task
list to accomplish its objectives.  As a firm we are woefully behind our press
clippings in our ability to aggregate and understand our risk profile.  My
most
recent sojorn  in Europe is a classic example of the current systems inabilty
to
aggregate and meet the needs of RAC having abetted poor decision making and
causing cash losses in well in excess of the GRMS budget or that of the Market
Risk Group in RAC.

The GRMS project is a requirement that Bill Bradford and I have in order to do
our jobs.  We have delegated authority to Debbie Brackett and Rudi Zipter to
make decisions regarding priorities and as such meet regularly with Jonathon
and
his team as well as Rick Buy to provide updates.  While progress is never as
fast as we would like it, in every instance in which we have only to rely on
RAC, Jonathon's team and Research to make a deadline it haas been hit.  The
primary reason for any delays whatsoever has been the diversion of resources
off
the project or the reliance for cooperation from some other source - most
recently the IT staff in London was a tremendous impediment to deadlines.

Please excuse the frustration that is apparently coming through in this note,
but I feel like the boy with his finger in the dyke and no one is listening.
Also, I have had several employees come to resignation over their frustration
on
the lack of management support for this project, usually manifesting itself in
the lack of resources or the diversion of resources devoted to it.

I think we have proven collectively that we can organize a modular multiphase
project and provide tangible deliverables when not distracted.  Please let us
do
our jobs.  I do not denigrate the efforts of others, but I believe that they
must either submit their detailed requirements to us for our consideration of
their worthiness to put in OUR que or develop their own project with their own
resources.

Thank you for your consideration of this opinion.  As it relates to things
that
will effect the ability of Market Risk to do its job, please consult me as I
would you.

Ted


Haas NewsWire
October 23, 2000

CONTENTS

Haas Ranks Fourth in US News Undergraduate Rankings
Women in Leadership Conference Celebrates Women's Choices
Haas Undergraduates Build Case Competition Legacy
Fall Speakers: Tom Siebel and Ray Lane Come to Haas
Executive Development Offers New Economy Marketing Course
Haas in the News
Happening at Haas
Haas Celebrations

HAAS RANKS FOURTH IN US NEWS UNDERGRADUATE RANKINGS
 The Haas School Undergraduate Program ranked fourth in US News & World
Report's academic reputation survey released in September. The University of
Pennsylvania came in first with a score of 4.8, and MIT and the University of
Michigan tied for second place with a score of 4.6 (out of a possible 5.0).?
Haas scored 4.5.  Haas has traditionally done well in this survey, having
ranked third with MIT in 1997 and first with Wharton in 1995. Haas ranked
fourth in 1999. "Our position has been in one of the top four slots for many
years in US News," said Dan Himelstein, director of the Undergraduate
Program. "We seem to rotate positions among the top schools every few years,
but the truth is that these are all excellent undergraduate programs with
their own merits."  The US News survey also identified the academic
reputation of school-wide academic departments (groups) within the surveyed
institutions. Haas ranked as follows:

2nd in real estate
3rd in general management
4th in marketing
4th in consulting
4th in finance
5th in e-commerce
6th in international management
6th in human resources
8th in entrepreneurship

The survey, which included 338 accredited undergraduate business programs,
asked deans and senior faculty to rank the academic caliber of the
institutions with which they are familiar. The response rate was 45%.  For a
full version of the rankings, visit the US News web site at
http://www.usnews.com/usnews/edu/college/rankings/cat12rnk.htm.

WOMEN IN LEADERSHIP CONFERENCE CELEBRATES WOMEN'S CHOICES
 It may be Veteran's Day weekend, but here at Haas, it is women's weekend.
The 5th annual Women in Leadership conference will take over the Haas School
on Saturday, November 11, from 8:00 a.m. to 5:00 p.m. This year's theme,
"Options on Your Future," is meant to inspire and guide women to excel
professionally and personally by making choices that satisfy their individual
goals. Panelist and keynote speakers will address the challenges and triumphs
of women in the workplace from many different perspectives.? The conference
is open to the public. Men are encouraged to attend.

The annual Women in Leadership conference is the longest-running, student-run
conference at Haas, attracting over 400 participants including current MBA
students, Haas undergraduates, alumni, and career women from the greater Bay
Area.? The event aims to promote the wide variety of career options and
lifestyle choices available to women today through panel discussions, a
networking lunch, and professional skills development workshops.

Pat House, co-founder & executive vice president, Siebel Systems, will give
the first keynote address of the day at 9:10 a.m. As executive vice
president, House has responsibility for managing the strategic alliance and
marketing communications efforts of Siebel Systems.

Judy Lichtman, president, National Partnership for Women & Families, will
give the second keynote address. In 1974, Lichtman became the executive
director and first paid staff person for the Women's Legal Defense Fund
(WLDF), which became the National Partnership for Women & Families in
February 1998. The National Partnership for Women & Families uses public
education and advocacy to promote fairness in the workplace, quality health
care, and policies that help women and men meet the dual demands of work and
family.

There will be three sessions during the day with concurrent panel
discussions. These include: Women Entrepreneurs; Changing the World Through
Your Work; Women in Venture Capital; Personal Finance for Women; Start Up
Fever; Traditional Investments: Women in Traditional Careers; Investing in
Foreign Assets: Working Outside Your Home Country; Balanced Success; Risk and
Return: Technology Career Choices; and Women in Media.

This year's conference is sponsored by FORTUNE magazine, Andersen Consulting,
Ford Motor Company, Johnson & Johnson, PG&E Coporation, and others. Tickets
for the conference are available at the WIL Conference web site
http://www.wilconference.org/. The tickets are $30 for faculty, students, and
staff, and $40 for the general public.

HAAS UNDERGRADUATES BUILD CASE COMPETITION LEGACY
 Teams from the Haas Undergraduate Program have entered seven major external
case competitions since fall of 1998, and have brought home awards from six
of those competitions. Just this month, they brought home the Professional
Excellence Award from the 2000 University of Texas International Business
Challenge Case Competition in Austin, Texas.

The team for the Austin competition this year was Andrew Gu, Linh Hang, Diana
Rothschild, and Jason Talavera.? The team was advised by Dave Robinson, Steve
Etter, George Cluff, and Annie Lai.

"During this period of time, the track record of the Haas Undergraduate
Program is unmatched by any other university in the world and our
undergraduate students are representing Haas in a fashion that reflects very
positively on the entire school," says Dan Himelstein, director of the
Undergraduate Program. "We became the first program ever to earn awards at
three consecutive University of Texas International Business Challenge Case
Competitions." The awards won since fall of 1998 are:

1998 Electronic Data Systems (EDS) Case Challenge - 2nd place
1998 University of Texas International Business Case Challenge - 2nd place
1999 University of Southern California International Case Competition - Most
Creative Presentation
1999 University of Texas International Business Case Challenge - 1st place
2000 University of Washington Global Business Challenge Case Competition -
2nd place
2000 University of Texas International Business Case Challenge - Professional
Excellence Award

FALL SPEAKERS: TOM SIEBEL AND RAY LANE COME TO HAAS
 The end of the month brings two major speakers to Haas in one week.

Tom Siebel, CEO and founder of Siebel Systems, kicksoff this year's Fisher
Center E-Commerce Executive Seminar Series on Tuesday, October 31, at 12:30
p.m.

Ray Lane, former Oracle president and general partner at Kleiner, Perkins,
Caufield and Byers, begins a year of dialogues on "The Shakeout in
Cyberspace" with the first of the Business Faculty Research Dialogue Series
on Friday, November 3, at 4:00 p.m.

Both events are free and open to the public. The Siebel event will take place
in the Wells Fargo Room, with seats available on a first-come, first-served
basis. Registration is not required for the Lane event in the Arthur Andersen
Auditorium, but seats may be reserved by contacting Meredith LaCorte at
510-643-2027 or via email at lacorte@haas.berkeley.edu.

EXECUTIVE DEVELOPMENT OFFERS NEW ECONOMY MARKETING COURSE
 Next week, Haas students will be rubbing elbows with executives coming to
campus for the Center for Executive Development's "Smart Marketing for the
New Economy." Running from November 1 to November 3, the program is designed
to address both the fundamentals as well as the latest strategic thinking for
smart marketing.

The program starts with the premise that marketing in a company has become
too important to be left to the marketing department. Less a function or
department, marketing is a philosophy, a way of thinking, the "glue" that
holds the various independent activities of the organization together. The
program will be led by Rashi Glazer, professor and co-director of the
Berkeley Center for Marketing and  Technology.

The program will be preceded by an optional marketing fundamentals seminar on
October 31.? For more information on CED programs, please visit
http://www.haas.berkeley.edu/groups/ced/.

HAAS IN THE NEWS

***To report any and all press mentions to the Haas NewsWire, please send
them via e-mail to haasnews@haas.berkeley.edu. ***
 Rashi Glazer, professor in the Marketing Group and co-director of the Center
for Marketing and Technology, was quoted in Business Week on October 23 on
the new acceptance of knowledge management by firms.

Severin Borenstein, the E.T. Grether Professor in Public Policy and Business
Administration and the director of University of California Energy Institute,
was quoted in the cover story of the Fall 2000 issue of Energy Strategies
(put out by Financial Times Energy) "The Dark Side of Deregulation in
California" discussing the cause of the summer's high electricity prices and
possible remedies.

Raymond Miles, former dean of the Haas School, was cited in the Wall Street
Journal on October 23 in "Breakaway--Turning Away from Growth," an article on
the decision by a some business not to expand to the next level.

Dean Laura Tyson was mentioned in Newsweek on October 23 as one of Vice
President Al Gore's top advisors.

Recent research by Hal Varian, dean of the School of Information Management
and Systems and Haas professor, was covered by the Economist on October 21.
"Byte Counters" was about Varian's research on the amount of unique
information the world puts out every year.

Varian's research was also mentioned in the Daily Globe and Mail on October
20.

James Lincoln, the Warren E. and Carol Spieker Professor of Leadership and
director of the Institute of Industrial Relations, commented in the Daily Cal
on October 20 on the launch of the UC Institute for Labor and Employment.

Federal Communications Commissioner Michael Powell's speech at Haas was
mentioned in the Bay Area Datebook on October 19.

Varian's research was the topic of an article in USA Today on October 19
titled, "Information Everywhere, but not the Time to Think." ? Borenstein was
featured discussing the California gasoline market and the proposed
Chevron/Texaco merger on October 17 in the San Francisco Chronicle, the
Contra Costa Times, the Sacramento Bee, and Oakland Tribune. He was one of
three economists interviewed by Spincritic.com on October 23, about
California's high gasoline prices. Read the full text of this article at
http://www.spincritic.com/master.asp?page=econ. Borenstein was also
interviewed by KQED for the California Report.? On October 16, he appeared on
KTVU at 10pm and KPIX at 11pm, discussing the impending shortage of gasoline
in California as the state phases out MTBE from the California gasoline
formula.

The Center for Executive Development was mentioned in Handelsblatt, a German
publication, in an article on financial engineering programs.

HAPPENING AT HAAS
 Management of Technology Program "B2B's Transformation of the New Economy,"
by Leah Knight, director of B2B Research, Dataquest/Gartner Group, San Jose,
CA Wednesday, October 25, 2000 3:30 p.m. to 5:00 p.m. Room C210, Cheit Hall

Management of Technology Program"Venture Capital and Technology Trends," by
Robert Zider, founder, The Beta Group, Menlo Park, CA Wednesday, November 1,
2000 3:30 p.m. to 5:00 p.m. Wells Fargo Room

SEMINARS
 BA 298 REAL ESTATE SEMINAR "Real Estate Cycles in the New Millennium," by
Dr. Glenn Mueller and Legg Mason, John Hopkins University Monday, October 23,
2000 11:15 a.m. Room C250, Cheit Hall For more information, contact Lynn L.
Lobner, at lyoung@haas.berkeley.edu.

OBIR SEMINAR "The Linux Kernel Development as a Model of Knowledge Creation,"
by Gwen Lee, Ph.D. Candidate, Haas School of Business  "A Systems Approach to
Assessment of TQM impact on Organizational Efficiency, Legitimacy, and E47
Quality at Different Stages of Adoption," by Kuo Yu, Ph.D. Candidate, Haas
School of Business Wednesday, October 25, 2000 4:00 p.m to 5:30 p.m.
Director's Room, Institute of Industrial Relations, 2521 Channing Way  For
more information, contact Charles Montague at montague@haas.berkeley.edu.

ET GRETHER MARKETING SEMINAR "Reserves, Regret, and Rejoicing in Open English
Auctions: An Experimental Study of Decision Making Biases," by Eric
Greenleaf, New York University Thursday, October 26, 2000 3:30 p.m. to 5:00
p.m. Room F320 For more information, contact Laura Gardner at
lgardner@haas.berkeley.edu.

IDS 270 INSTITUTIONAL ANALYSIS WORKSHOP "Rise and Decline(?) of Internal
Labor Markets," by David Levine, UC Berkeley Thursday, October 26, 2000 4:00
p.m. to 6:00 p.m. Room C325, Cheit Hall For more information, contact Anita
Patterson at patterso@haas.berkeley.edu.

FINANCE SEMINAR  "Portfolio Choice with Many Risky Assets, Market Clearing,
and Cash Flow Predictability" by Anthony Lynch, New York University
Thursday, October 26, 2000  4:15 p.m. to 5:45 p.m.  Room C110, Cheit Hall
For more information, contact June Wong at june@haas.berkeley.edu or visit
www.haas.berkeley.edu/finance.

BA 298 REAL ESTATE SEMINAR "Homeowning and the Duration of Unemployment:
Evidence from the PSID," by Dr. Richard Green, University of Wisconsin School
of Business Monday, October 30, 2000 11:15 a.m. Room C250, Cheit Hall For
more information, contact Lynn L. Lobner, at lyoung@haas.berkeley.edu.

OBIR SEMINAR "Blirtatiousness: Interpersonal Responsiveness in Love and
Work," by William Swann, University Texas at Austin, Department of Psychology
Wednesday, November 1, 2000 4:00 p.m. to 5:30 p.m. Director's Room, Institute
of Industrial Relations, 2521 Channing Way  For more information, contact
Charles Montague at montague@haas.berkeley.edu.

IDS 270 INSTITUTIONAL ANALYSIS WORKSHOP "The Market for Reputations as An
Incentive Mechanism," by Steven Tadelis, Stanford University Thursday,
November 2, 2000 4:00 p.m. to 6:00 p.m. Room C325, Cheit Hall For more
information, contact Anita Patterson at patterso@haas.berkeley.edu.

ET GRETHER MARKETING SEMINAR "Product Assortment and Pricing Decisions in a
Competitive Environment," by Michaela Draganska, Northwestern University
(Candidate) Thursday, November 2, 2000 3:30 p.m. to 5:00 p.m. Room F320 For
more information, contact Laura Gardner at lgardner@haas.berkeley.edu.

BA 298 REAL ESTATE SEMINAR "Modeling Housing Markets - A Transatlantic
Divide," by Dr. Geoffrey Meen, the University of Reading  Monday, November 6,
2000 11:15 a.m. Room C250, Cheit Hall For more information, contact Lynn L.
Lobner, at lyoung@haas.berkeley.edu

 ALUMNI EVENTS San Diego Chapter Event Cal Networking "Mixer" and Bear Rally
hosted by the Cal Alumni Club of San Diego and HAN San Diego Chapter October
26, 2000 4:00 p.m. to 8:00 p.m. ROCK BOTTOM, 8980 Villa La Jolla (corner of
La Jolla Village Drive) A "No Host" Mixer to start the new alumni year.?
Relax, relate, and rally for the Bears. This is a chance to get acquainted
(or re-acquainted) with your fellow alums.?  Contact Information:? Bill
Beeson, BS 56, HAN San Diego Chapter President, 1-800-444-5272 or e-mail
wbeeson997@aol.com.

HAAS CELEBRATIONS
 Birthdays

Michael Matthews, October 29

The Haas NewsWire respects the wishes of staff and faculty who would not like
their birthdays announced. Please e-mail a request to have your birthday
marked "do not announce" on the central birthday list to
Haasnews@haas.berkeley.edu.

The Haas NewsWire is the electronic news weekly for the Haas community
published every Monday by the Marketing and Communications Office at the Haas
School. Send your news, feedback, and suggestions to
Haasnews@haas.berkeley.edu. To subscribe to Haas NewsWire, address e-mail to
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haasnewswire" in the first line, and "end" in the second line. To unsubscribe
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second line. Archived issues of Haas NewsWire are available online at
http://www.haas.berkeley.edu/groups/newspubs/haasnews/archives/hncurrent.html
.


thx.  no problem.  jeff


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As you might be aware,  Susan Scott (the book admin for the pipe option book)
was forced by system problems to stay all night Wednesday night and until 200
am Friday  in order to calc my book.  While she is scheduled to rotate to the
West desk soon,  I think we need to discuss putting two persons on my book in
order to bring the work load to a sustainable level.  I'd like to meet at
2:30 pm on Monday to discuss this issue.  Please let me know if this time
fits in your schedules.

Thanks,

Larry


Deal has two Underlying Swap Transactions. Attached is the Confirmation I've
drafted and the deal ticket.