?
?	VentureWire
	Thursday, May 17, 2001		?
?	CONTENTS | COMPANIES | INVESTORS | ADVERTISE | TELL A FRIEND	VentureWire Index
		'VentureWire
		today: 712.9 ? +1.26%	?
?

		top stories

		  Mobile Internet Firm Tahoe Launches with $38M First Round
		  Accelerator Startups.com Changes Model & Name, Cuts 30%
		  Hermes Set to Invest $965M for BTPS in Companies and Funds
		  OffRoad Capital Splits into Two Divisions, Lays Off 50%

		UPCOMING EVENTS
		Enterprise Outlook 2001
		90 private enterprise companies already comfirmed to present their business
plans Register for Enterprise Outlook to learn more!

		TODAY'S FEATURES
		Flatiron Denies Rumours of Demise
		By Taran Provost
		Flatiron Partners is not being dismantled and will continue to aggressively
seek out new investment opportunities, a partner at the firm told
VentureWire. more>>

		The Industry Standard
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		look at how information and technology are changing the
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		Kodiak Venture Partners Looking At Data Deals
		By Suzanne Segers Travers
		Kodiak Venture Partners of Concord, Mass. more>>

		iBase Wants to Broaden Its Base To US
		By Jonathan Shieber
		London-based digital asset management firm iBase is looking to expand its US
operations, according to Brendan Flattery, the company's chief executive
officer. The company, which raised GBP 4.2 million ($6 million) in a Series B
funding last week, has established an office in New York and has hired
Parthenon Group, a market analysis firm with offices in Boston, London, and
San Francisco, to help determine where iBase will concentrate its initial
efforts to penetrate the American market. more>>

		DataSynapse To Close $15 Series B
		By Michelle Tsai
		DataSynapse, a peer-to-peer software platform for distributed computing in
the financial services and energy industries, expects to close $15 million in
Series B funding within two weeks, said CEO Peter Lee. more>>

		new money

		  InterWest Makes Series A Investment in Pharma Company Algorx
		  Alphamosaic Spins Out from Arthur D. Little with $9 Million
		  Fiber-Optics Components Firm Comlase Gets $3.5M Series A
		  Mobile Apps Firm Xora Secures $7M Round One
		  E.Intelligence Caps $8M Round Two Led by Commonwealth
		  Foundstone Closes Series B at $9 Million
		  Customer Services Firm Yube Gets $2 Million in Series B
		 eVentures Group Takes Minority Stake in White Amber
		  Beyond Genomics Secures $5 Million Strategic Investment
		  Korean Online Transaction Firm Cpocket Gets $1.1M
		  Embark Gets $3 Million, Bringing Series F to $8 Million
		  Orange to Become Third Co-owner in 3G Infrastructure

		bad news

		  Linux-based Software Developer Eazel Closes
		  RoundArch Cuts 12% of North American Staff

		new products

		  Online and Analytical Consultancy Compete Announces Launch
		  EdgeMatrix and MobileOne Form Wireless Intellect Labs
		  Sightward Launches and Introduces First Product
		  Terrace Mountain Changes Name to Impart Technology

		m&a

		  All Bases Covered Makes Second Acquistion in a Week
		  Princeton eCom Buys Venture Finance Software from Intuit
		  Net Printing Products Firm PrintCafe Buys Assets of Impresse
		  Lost Boys, Incubation and Design Firm, Makes Acquisitions
		  Pitman Acquires Online Printing Equipment Firm PrintNation
		  Poster Firm Bignose Acquires Photo Finishing Site Eframes
		  eKit.com Buys Call Sciences' International Calling Card Biz

		new directors

		  Clarity Names First Chairman

		new people

		  SmartBargains Appoints Former Barnes&Noble.com Exec to CEO
		  Creative Planet Promotes CFO to President
		  CyLex Systems Appoints New President & CEO
		  Net Security Firm Zone Labs Names First President and COO
		  PrivateExpress Appoints New President & CEO
		  EVLogix Officially Appoints Founder as President & CEO

		vc fund news

		  Israeli Telecom Firm Bezeq Teams Up to Start $50M VC Fund

		vc personnel

		  Encompass Ventures Adds New Associate to Team
		  Atlas Venture Names Entrepreneur as Venture Partner

		vw corrections

		  MolecularWare

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

		top

		Hot New Development - Mobile Outlook, June 5 & 6,
		San Francisco Airport Marriott

		Exciting, new speakers have just been added to Mobile
		Outlook. George Davis, vice chairman and president of
		Aether Systems, will discuss how his company powers
		mobile and wireless data services for Charles Schwab,
		National Discount Brokers, Allegiance Health Care, the
		U.S. Postal Service, Office Depot, Nissan, and more.

		With industry leaders and trendsetters such as George
		Davis planning to be in attendance at Mobile Outlook,
		why aren't you? Mobile Outlook is less than 3 weeks away,
		so register online today:http://www.mobile2001.net/register.asp

		top stories
		?
		Mobile Internet Firm Tahoe Launches with $38M First Round
		 mail? top

		 SAN JOSE, Calif.  (VENTUREWIRE) -- Newly launched Tahoe Networks, a
developer of networking infrastructure for mobile data networks, announced
the completion of a $38 million first round led by Redpoint Ventures, with
participation from Accel Partners. Geoff Yang of Redpoint and Jim Goetz of
Accel are taking seats on Tahoe's six-member board of directors. Tahoe said
the financing would be used for product development, sales, and to increase
its staff of 50 to over 120 by the end of the year. The company said it
expects to launch commercially in the latter half of 2002. Mika Uusitalo, the
former CTO of Sonera, heads Tahoe Networks' European office in  Tampere,
Finland. Tahoe Networks was founded in January 2001 by CEO Anthony Alles and
president and CTO Arthur Lin, formerly Cisco executives and the co-founders
of Shasta Networks. Nortel Networks acquired Shasta Networks in April 1999
for $340 million.
		http://www.tahoenetworks.com

		Accelerator Startups.com Changes Model & Name, Cuts 30%
		 mail? top

		 NEW YORK (VENTUREWIRE) -- Startups.com, previously a company accelerator,
said it changed its business model to become a market intelligence firm,
changed its name to Startups, Inc., and laid off 11 of its 35 member staff in
its latest round of layoffs. The company will still offer some of the same
services to startup companies, but its primary clients will now be service
providers to which the firm will offer online decision support tools, market
insights, and help with facilitating relationships with startups. CEO Donna
Jensen said the company will no longer go out and physically set up
companies. At the end of January, Startups said it was preparing to lay off
some of its then 65-member staff. Ms. Jensen said the company cut those
employees involved with services it no longer offered and the company will
hire more staff for its new products and services. She said Startups, which
will most likely be back to having a 35-member staff by the end of the year,
has enough funding to last through the end ! of next year when the company
expects to be profitable. Startups has raised $15 million over two rounds of
funding. Backers include Redleaf Venture Management, Garage.com, Constantin
Partners, CrossFire Ventures, Roni Capital, Staenberg Venture Partners,
Venture Factory, and individuals.
		http://www.startups.com

		Hermes Set to Invest $965M for BTPS in Companies and Funds
		 mail? top

		 LONDON (VENTUREWIRE) -- Hermes Pensions Management, the manager of the
British Telecommunications Pension Scheme (BTPS) and other pension funds,
said BTPS had allocated $965 million for investing in private companies and
funds that invest in private companies. Hermes said it will invest up to $50
million in the Botts Capital Partners 2 fund, a recently started fund managed
by the London-based private investment bank Botts & Co. In addition, Hermes
said it has committed $7.1 million for a 10.5% equity stake in Botts & Co.
and has the option to invest an additional $7.1 million to gain up to 21%
equity in Botts. Tony Watson is the chief investment officer for Hermes.
Hermes Pensions Management has $71.5 billion in assets under management.
		http://www.hermes.co.uk

		OffRoad Capital Splits into Two Divisions, Lays Off 50%
		mail? top

		 SAN FRANCISCO (VENTUREWIRE) -- OffRoad Capital, an online private securities
and technology firm that helps raise funding for startups and venture funds
using its online network, said it is reorganizing into two independent but
related businesses: OffRoad Technologies and OffRoad Capital. Both businesses
will be subsidiaries of OffRoad, Inc., the new name for the parent holding
company. The firm also said it will cut 50% of its staff, from 60 to 30
employees. OffRoad said the reorganization and reductions will lower its
capital requirements and give it flexibility for financing and growing the
businesses independently of each other. OffRoad Technologies will focus on
marketing its private finance technology platform and services. OffRoad
Capital, the company's investment banking business, will continue to operate
under the OffRoad Capital name and will be headed by its current leaders
Richard Bowman and Tripp Brower. John A. Forlines III and David B. Weir,
co-CEOs of OffRoad, have both resigned, but w! ill remain on the board of
directors of OffRoad Inc. Stephen D. Pelletier, OffRoad's founder and
chairman, resumes the role of CEO of the holding company. The company made 41
layoffs in February after a $6 million round of funding. OffRoad's backers
include Mayfield Fund and ING Barings.
		http://www.offroadcapital.com

		new money
		?
		InterWest Makes Series A Investment in Pharma Company Algorx
		 mail? top

		 MENLO PARK, Calif. (VENTUREWIRE) -- InterWest Partners, a venture firm in
Menlo Park, Calif., has told VentureWire that it has made an undisclosed
Series A investment in Wilton, Conn.-based Algorx Pharmaceuticals, a company
developing prescription pain relief medications. Together with J.P. Morgan
Partners and Sofinova Ventures, Algorx has raised a total of $1.5 million.
Each firm has received a board seat as a result of its investment. The
company may land as much as $9 million in the round if it meets various
milestones, said InterWest senior associate Chris Ehrlich. Algorx was
developed in house at InterWest Partners. Algorx will use the Series A
funding for product development and other purposes.
		http://www.algorx.com

		Alphamosaic Spins Out from Arthur D. Little with $9 Million
		 mail? top

		 CAMBRIDGE, U.K. (VENTUREWIRE) -- Alphamosaic, which designs fabless
semiconductor chips for mobile video, announced spinning off from Arthur D.
Little and securing $9 million in venture funding from Prelude Trust. Prelude
director Alan Duncan will become the fourth member of the board as a result
of the funding. The company said it will use the funds for product
development. The company said it expects the funding to last until early
2002. Alphamosaic began developing technology at Arthur D. Little's
technology arm Cambridge Consultants last May.
		http://www.alphamosaic.com

		Fiber-Optics Components Firm Comlase Gets $3.5M Series A
		 mail? top

		 STOCKHOLM (VENTUREWIRE) -- Comlase, a Swedish developer of active components
for metropolitan fiber-optics networks, said it has received Series A
financing of $3.5 million from European Equity Partners and
InnovationsKapital. The company plans to dedicate the new funds to chip and
module development. Comlase was founded in January 2001.
		http://www.comlase.com

		Mobile Apps Firm Xora Secures $7M Round One
		 mail? top

		 MOUNTAIN VIEW, Calif. (VENTUREWIRE) -- Xora, a provider of wireless and
speech-enabling data applications, announced that it has secured $7 million
in a first round of venture funding led by Wit SoundView Ventures, with
unnamed individuals participating. The company plans to use the new funds for
marketing and research and development. Post-money, the company is valued at
$18 million. As a result of this financing, Ned Carlson, senior vice
president of Wit SoundView Ventures, joined as the third member of the Xora
board of directors, which still has two seats open. Xora plans to seek a
second round between $15 million and $20 million by the end of this year and
expects it to close in the first quarter of 2002.
		http://www.xora.com

		E.Intelligence Caps $8M Round Two Led by Commonwealth
		 mail? top

		 MINNEAPOLIS (VENTUREWIRE) -- e.Iintelligence, which provides software for
demand chain management, said it has closed an $8 million second round led by
new investor Commonwealth Capital Ventures with participation from other new
investors Brightstone Capital, Barnard & Co., and Discovery Ventures.
Existing investor JMI Equity Fund, which had held a majority of the company
after round one, participated in this round but did not maintain its share.
First round investor SPSS did not reinvest. Post-money, the company garnered
a valuation of about $20 million in this up round. Justin Perreault, general
partner at Commonwealth Capital, and Arnold Silverman, principal of Discovery
Ventures, join the board, bringing the total number of directors to six.
Funds will be used for marketing and sales and are expected to last for at
least a year. e.Intelligence expects to become cash flow positive in 2002.
		http://www.eintelligence-inc.com

		Foundstone Closes Series B at $9 Million
		 mail? top

		 IRVINE, Calif. (VENTUREWIRE) -- Foundstone, which provides managed and
professional security assessment services and education, said it closed its
Series B at $9 million with funding from new investors Riordan, Lewis &
Haden, and Wilson; Sonsini, Goodrich, & Rosati; and return investor OVP
Venture Partners, which invested $2.7 million. The company said that the
money will be used for business development, sales and marketing, and
research and development. In March 2000, Foundstone announced it had launched
and raised $3 million in first-round financing from OVP.
		http://www.foundstone.com

		Customer Services Firm Yube Gets $2 Million in Series B
		mail? top

		 SANTA CLARA, Calif. (VENTUREWIRE) -- Yube, a provider of Web-based software
for customer services, announced that it has raised $2 million from Labrador
Ventures in its first closing of a Series B round financing. Yube plans to
use the new capital for sales and marketing expansion. The company expects to
raise an additional $5 million before closing the round within the next few
months. Larry Kubal, a managing director at Labrador, currently holds a seat
on the company's three-member board of directors, which also includes private
investor Reza Mikaili. The company expects to make two appointments to its
board once the Series B is completed. To date, Yube has raised $4 million in
venture capital, and has a valuation of $10.5 million.
		http://www.yube.com

		eVentures Group Takes Minority Stake in White Amber
		 mail? top

		 LAKE SUCCESS, N.Y. (VENTUREWIRE) -- White Amber, a provider of Web-enabled
staffing management services, said it has received an undisclosed amount of
strategic financing from First Union's eVentures Group. The company plans to
dedicate the new funds to sales and marketing. In conjunction with the
minority stake, White Amber announced that First Union has decided to
implement its flagship staffing technology to manage its contract workforce.
To date, White Amber has raised approximately $32 million in two rounds of
financing. Previous venture investors include Infinity Capital Venture Fund,
Venrock Associates, and RRE Ventures.
		http://www.whiteamber.com

		Beyond Genomics Secures $5 Million Strategic Investment
		 mail? top

		 CAMBRIDGE, Mass. (VENTUREWIRE) -- Beyond Genomics, which is developing a
systems biology platform to provide new insights into molecular mechanisms of
health and diseases, announced that it has secured a $5 million strategic
equity investment from Elan Corp., a pharmaceutical company focused on
Alzheimer's disease therapeutics and diagnostics. The investment was made as
part of partnership between the two companies to jointly apply novel systems
biology technologies in Alzheimer's disease research. Beyond Genomics was
co-founded by NewcoGen, a unit of NewcoGen Group, and has received $5.5
million of Series A funding from NewcoFunds and OneLiberty Ventures.
		http://www.beyondgenomics.com

		Korean Online Transaction Firm Cpocket Gets $1.1M
		 mail? top

		 SEOUL, Korea (VENTUREWIRE) -- Cpocket, which provides billing and payment
services online, has raised KRW 1.5 billion ($1.1 million) from Korea
Development Bank and KDB Capital, according to president K. H. Kim.
Post-money, the company has a valuation of $20 million. Funds will be used
for infrastructure and are expected to last until September. The company
expects to have $3 million in revenues this year.
		http://www.cpocket.com

		Embark Gets $3 Million, Bringing Series F to $8 Million
		 mail? top

		 SAN FRANCISCO (VENTUREWIRE) -- Embark, which provides software for higher
education, said it has secured $3 million from Norwest Venture Partners, Doll
Capital Management, and Morgan Stanley Dean Witter Venture Partners, bringing
Series F funding to $8 million. The company, which received $5 million in
debt financing from those three investors in November, declined to say
whether the debt financing converted to equity. The company said that funds
will be used for product development.
		http://www.embark.com

		Orange to Become Third Co-owner in 3G Infrastructure
		 mail? top

		 STOCKHOLM (VENTUREWIRE) -- Orange, a wireless communications company, said
it has signed a letter to buy a third of of 3G Infrastructure, a joint
venture between Europolitan Vodafone and Hi3G Access that will provide 3G
mobile telephony infrastructure. 3G will operate in areas outside of
Goteborg, Malmo, and Stockholm. Orange is owned by France Tlcom, Bredband
Mobil, Skanska, NTL, and Schibsted. Hutchison Whampoa has a 60% stake in Hi3G
and Sweden's Investor AB holds the remaining 40%.
		http://www.orangecommunications.nu

		bad news
		?
		Linux-based Software Developer Eazel Closes
		 mail? top

		 MOUNTAIN VIEW, Calif. (VENTUREWIRE) -- Eazel, a developer of user-interface
software and system management services for Linux, said it has ceased
operations. In a note posted on its Web site, the company said it could not
secure additional funding. The company laid off 40 of its 75 employees two
months ago, citing the difficult funding environment and its efforts to
release a new product, a services platform slated for roll out this spring.
The company had already launched its first product, Nautilus I, a front-end
client product. In the note, the company stated "We are confident ... that
Nautilus' development will continue forward." The company raised
approximately $15 million over two rounds of funding. Backers included Accel
Partners. When asked last Friday about a possible shutdown, Eazel said it had
no comment. The company's phone has since been disconnected. Accel Parnters
did not return calls. Eazel was founded by several widely-known veterans of
Apple Computer, including Mike Boich, Andy Hertzfeld! , and Mike Homer.
		http://www.eazel.com

		RoundArch Cuts 12% of North American Staff
		 mail? top

		 CHICAGO (VENTUREWIRE) -- RoundArch, a provider of customer relationship
services, said it cut approximately 34 people, or 12% of its 290 member
staff, from its North American offices. The company said the cuts were
prompted by a need to adjust the company's size to current growth
projections. The company said that all of the laid-off employees received
severance. RoundArch said it is profitable and has no plans to seek
additional funding. The company was founded in May 2000 with $10 million from
Deloitte Consulting, Broadvision, and the WPP Group. RoundArch also has
offices in Toronto and London.
		http://www.roundarch.com

		new products
		?
		Online and Analytical Consultancy Compete Announces Launch
		 mail? top

		 BOSTON (VENTUREWIRE) -- Compete, which provides online and analytical
consulting services focused on customer intelligence, announced its launch.
Founded in August 2000, Compete offers Compete First Take, an online
subscription service that provides metrics; Industry Capsule, which looks at
subjects like online brokerage and financial information sources; and
consulting services. Compete is backed by Charles River Ventures and
idealab!. Man Jit Singh is the company's CEO.
		http://www.compete.com

		EdgeMatrix and MobileOne Form Wireless Intellect Labs
		 mail? top

		 SINGAPORE (VENTUREWIRE) -- Edgematrix, a developer of information
infrastructure technology products and professional services, and MobileOne,
a mobile operator, announced they have agreed to form Wireless Intellect
Labs, an independent wireless research center that will focus on wireless
broadband software, and multichannel commerce and transactions. Both
companies will invest $1 million to fund the center in the first year.
Wireless Intellect Labs will begin operations in the third quarter, and will
license its technology to telecommunications operators and manufacturers.
Approximately 10 employees will staff the company. The company also expects
to hire a general manager by the third quarter. Mr. Varun Arora, senior
director of planning and development at EdgeMatrix, will head the research
center. EdgeMatrix is backed by over $12 million from 3i, Agency.com, and
NetworkAsia. MobileOne is backed by Keppel Group, Singapore Press Holdings,
and Greater Eastern Telecommunications.
		http://www.edgematrix.com
		http://www.m1.com.sg

		Sightward Launches and Introduces First Product
		 mail? top

		 BELLEVUE, Wash. (VENTUREWIRE) -- Sightward, a predictive analytics company,
said it launched and will begin offering products. The company recently
changed its name from Applied Inference, but has not changed its direction as
a result of the new name, a company spokeswoman said. In 1999, CTO Rod Cook
founded Sightward and is a member of the six person board. Kevin Klustner is
the company's president and CEO. The company has raised $5 million to date
from Northwest Venture, Fluke Venture Partners, Timberline Venture Partners,
eFund, and an undisclosed individual.
		http://www.sightward.com

		Terrace Mountain Changes Name to Impart Technology
		 mail? top

		 AUSTIN (VENTUREWIRE) -- Terrace Mountain Systems, a provider of software for
embedded wireless services, said it has changed its name to Impart
Technology. The company, which had previously provided consulting services
for embedded communication systems, has refocused on its software business.
Impart expects to launch its first product in about four weeks. To date, the
company has raised $2.5 million in two rounds from AV Labs, Convergent
Investors, G51 Capital, and Techxas Ventures. Impart expects to begin raising
$5 million to $7 million in Series C funding within 60 days.
		http://www.imparttech.com

		m&a
		?
		All Bases Covered Makes Second Acquistion in a Week
		 mail? top

		 REDWOOD CITY, Calif. (VENTUREWIRE) -- All Bases Covered (ABC), which
provides IT consulting and outsourcing services for small offices, said it
has acquired Mission Critical Systems, an outsourced IT services provider to
Denver's legal community, in a cash and stock deal. Full terms of the
transaction were not disclosed. Mission Critical employed five people that
will move into ABC's offices. Earlier this week, ABC announced it acquired
Boston-based Advanced Network Technology Services (ANTS), a technology
service provider. ABC has raised $77 million to date from backers Ironwood
Capital, Red Rock Ventures, and Technology Crossover Ventures. ABC was
founded in October 1997.
		http://www.allcovered.com

		Princeton eCom Buys Venture Finance Software from Intuit
		 mail? top

		 PRINCETON, N.J.  (VENTUREWIRE) -- Princeton eCom, which provides electronic
billing and payment services to corporations and banks, said it acquired
Intuit's online bill and payment service, Quicken Bill Manager, and all the
outstanding shares of  Venture Finance Software, a wholly owned subsidiary of
publicly traded Intuit. Financial details of the deal were undisclosed. As
part of the deal Intuit has the option to take a 20% equity stake in
Princeton or the cash equivalent in February 2002. Princeton also said it
made employment offers to the 25 employees from Intuit's Quicken division and
plans to open an office in the vicinity of Intuit's Quicken offices in
Mountain View, Calif. Princeton eCom raised $20 million in convertible debt
in April from existing investors Mellon Ventures and New Century Equity
Holdings. The company has raised over $104 million from BT Investment
Partners; Bottomline Technologies; Mellon Ventures; New Century Equity
Holdings, which owns 42.5% of the firm; SG Capital P! artners; and Terra
Lycos Ventures.
		http://www.princetonecom.com

		Net Printing Products Firm PrintCafe Buys Assets of Impresse
		 mail? top

		 PITTSBURGH (VENTUREWIRE) -- printCafe, which provides Internet-based,
business-to-business products and services for the printing and publishing
industry, announced it has acquired all of the intellectual property assets
of Impresse, a provider of Internet commerce services focused on commercial
printing procurement that has gone bankrupt, for an undisclosed amount.
printCafe purchased the assets from Sherwood Partners, a technology business
advisory firm, that is the assignee of Impresse's assets for the benefit of
its creditors. Last October, following the resignation of its CEO Nimish
Mehta, Impresse laid of an undisclosed number of employees. Impresse, which
has since shut down, was funded by Adobe Ventures, Amerindo Investment
Advisors, Atlas Ventures, BancBoston Ventures, Benchmark Capital, Comdisco,
Gilbert Global Equity Partners, Hambrecht & Quist Ventures, JW Seligman &
Co., Kleiner Perkins Caufield & Byers, Palantir Capital, and Van Wagoner
Capital Management. printCafe, which has raised ! $113 million in funding to
date, is backed by Creo Products; Prography Systems; HarbourVest Partners;
Weiss, Peck & Greer; and  Mellon Ventures.
		http://www.printCafe.com

		Lost Boys, Incubation and Design Firm, Makes Acquisitions
		 mail? top

		 AMSTERDAM (VENTUREWIRE) -- Lost Boys, a pan-European provider of incubation
and new media services based in the Netherlands, said it has merged with the
German branding and design firm MetaDesign. MetaDesign also has operations in
Zurich and San Francisco. The merger with MetaDesign comes two days after the
company announced the acquisition of French interactive technology company
Lab Production. Lost Boys is backed Roel Pieper, which took an undisclosed
equity stake in the company in 1998. In May 2000 the Amsterdam-based firm
acquired two Dutch companies, Netcast, an Internet business-to-business
services firm, and Internet consulting firm MVLG. The Lost Boys incubator has
launched one company, NedCargo, an online marketplace for ocean container
transportation.
		http://www.lostboys.com

		Pitman Acquires Online Printing Equipment Firm PrintNation
		 mail? top

		 TOTOWA, N.J. (VENTUREWIRE) -- Pitman, which provides digital imaging
services, traditional pre-press and pressroom products, announced it has
acquired PrintNation, an online printing equipment and supplies store, for an
undisclosed amount. Pitman said it will retain the PrintNation name for the
e-commerce site, which will be relaunched this month with Pitman's full
product line. Founded in 1906, Pitman has 20 fully-stocked warehouse
locations across the U.S. Pitman said it will continue to support its own web
site at www.pitman.com for customer information, support services, product
sales, technical resources and industry information. PrintNation was funded
by Lehman Bros. Venture Partners, Partech International, U.S. Venture
Partners, and Venrock Associates.
		http://www.pitman.com
		http://www.printnation.com

		Poster Firm Bignose Acquires Photo Finishing Site Eframes
		 mail? top

		 BREMERTON, Wash. (VENTUREWIRE) -- Bignose.com, a provider of custom
large-format printing products, said it acquired San Francisco-based
eframes.com, a supplier of custom framed prints and online photo finishing.
Financial terms of the deal were not disclosed. Eframes will operate as a
division of Bignose, but  will consolidate its administration and Web
development with Bignose. Brian Dunham, president of eframes.com, will serve
as president of the eframes division. A Bignose spokesperson said the company
will be taking on all five eframes employees. Last September, Zing Network,
an online photo service, acquired eframes but then spun it out again into a
stand-alone company a few months ago, Mr. Dunham said. Eframes.com has
received funding from Villante Capital Partners. Bignose.com is self-funded.
		http://www.bignose.com
		http://www.eframes.com

		eKit.com Buys Call Sciences' International Calling Card Biz
		 mail? top

		 EDISON, N.J. (VENTUREWIRE) -- Call Sciences, an international corporation
that develops and markets unified communications services, announced it has
sold its international calling card business to eKit.com, an internet and
communications provider specializing in the travel industry. A Call Sciences
spokesman declined to disclose the financial terms of the transaction and
could not say if the sale would affect any of Call Science's employees.
However, He said that the proceeds of the sale will go to finance its recent
acquisition of Vocal Link, a communications services provider specializing in
e-mail hosting and voice-activated messaging. Call Sciences acquired Vocal
Link for an all-stock deal valued around $15 million. Call Sciences is backed
by the Chatterjee Group. eKit.com is backed Escor, Allen & Buckeridge and AMP
Private Capital UK.
		http://www.callsciences.com
		http://www.ekit.com

		new directors
		?
		Clarity Names First Chairman
		mail? top

		 TROY, Mich. (VENTUREWIRE) -- Clarity, which provides software products for
voice-activated telecommunications and human-to-machine interfaces, said it
appointed John H. Duerden as its first chairman. Mr. Duerden was CEO of
Lernout & Hauspie until he left in January 2001 due to differences with the
company's board. Lernout & Hauspie was being investigated by the SEC at the
time over its historical accounting and operational practices. Clarity is
backed by Duchossois TECnology Partners, Sloan Ventures, individual
investors, and other undisclosed institutions. President and CEO Raymond Gunn
is also a member of the seven-person board. Mr. Duerden was introduced to the
company through Robert Frost, a partner of Investor Access and a member of
Clarity's advisory board.
		http://www.clarityco.com

		new people
		?
		SmartBargains Appoints Former Barnes&Noble.com Exec to CEO
		 mail? top

		 BOSTON (VENTUREWIRE) -- SmartBargains.com, an online retailer of bargain and
closeout merchandise, said it appointed Carl S. Rosendorf as its new CEO and
board member. He replaces interim CEO and current board member Malcolm L.
Sherman, the chairman of the board at Gordon Brothers. Mr. Rosendorf spent
the last four years with Barnes&Noble.com as an executive vice-president for
e-commerce. He was introduced to the company through Ossining, N.Y.-based
executive search firm Ramsey Beirne Associates. Founded in September 2000,
SmartBargains raised $33 million in one round of funding from Highland
Capital Partners, America Online, Dorset Capital, General Catalyst, Berkshire
Partners, Madison Dearborn, and Gordon Brothers Group.
		http://www.smartbargains.com

		Creative Planet Promotes CFO to President
		 mail? top

		 LOS ANGELES (VENTUREWIRE) -- Creative Planet, a business-to-business
technology and information services firm for media industry professionals,
announced it has promoted its chief financial officer, Kelyn Brannon, to
president. Ms. Brannon, who joined Creative Planet late last year, will
report to Chairman and CEO Allen DeBevoise and will head operations,
including the company's newly established Movie Magic Producer and Studio
System business unit. Before joining Creative Planet, Ms. Brannon was chief
accounting officer of Amazon.com. Creative Planet, which plans to break even
in 2002, has raised nearly $100 million in funding to date. Investors in the
company include Ares Management, Chase Capital Partners, East River Ventures,
J. & W. Seligman Funds, PaineWebber Capital, SunAmerica Investments, Times
Mirror Chandler Trust Ventures, Trekk Opportunity Partners, and Waterview
Advisors.
		http://www.creativeplanet.com

		CyLex Systems Appoints New President & CEO
		 mail? top

		 BOCA RATON, Fla. (VENTUREWIRE) -- CyLex, which provides services for the
management and organization of data, announced the appointment of Bill E.
Newell as president and CEO. Mr. Newell replaces co-founder Zijad Aganovic,
who has been named chairman of the board. Mr. Newell most recently served as
vice president of Safeguard Scientifics, where he provided managerial and
strategic guidance to selected portfolio companies. He has also held
president and CEO positions for companies including US Data, Micro Dynamics,
and PPS/Husky Computers. As president and CEO, Mr. Newell will report to the
company's seven-member board of directors, which includes Brian Schwartz,
managing director of HIG Ventures, and Bjorge Gretland, managing partner and
head of NorgesInvestor Vekst AS. To date, CyLex has raised approximately $20
million in three rounds of funding. Backers include Alpine Venture Capital
Partners, Antares Capital Fund III, Carnegie ASA, Documentum, Greer
Investors, H.I.G. Documents, NorgesInvestor Vekst, ! and Stonehenge Capital.
		http://www.cylexsys.com

		Net Security Firm Zone Labs Names First President and COO
		 mail? top

		 SAN FRANCISCO (VENTUREWIRE) -- Zone Labs, which develops Internet security
software, announced it has appointed Irfan Salim as the company's first
president and COO. Gregor Freund, CEO and co-founder, had previously held
those responsibilities. Mr. Salim, who was introduced to the company through
mutual contacts at Zone Labs, had previously served as president of U.S. and
European operations for Trend Micro. He had also served as president and CEO
of Software Publishing Corp. Zone Labs is backed by EastWest Ventures, Intel,
Oxford Bioscience, Pacific Venture Group, and John McAfee.
		http://www.zonelabs.com

		PrivateExpress Appoints New President & CEO
		 mail? top

		 SAN MATEO, Calif. (VENTUREWIRE) -- PrivateExpress, a provider of security
software for Internet-based business communications, said that it has
appointed Richard W. Ormond to president and CEO. Mr. Ormond most recently
served as chief operating officer at e-commerce provider Glovia
International, a subsidiary of Fujitsu Limited. He replaces Jim Levy, who was
interim chief executive officer and will remain with the company as chairman.
Mr. Ormond also joins as the seventh member of the board, which includes
Alberto J. Yepez, president of Entrust Ventures, Philip Wang, president of
F.V.I.G. Fortunetech Partners, Susan E. Hopkinson, vice president of Nomura
Securities International, David Wynne, senior vice president of Transpac
Capital, and private investor Eugene Flath. To date, PrivateExpress has
received $20 million in venture financing. Investors include Entrust
Ventures, F.V.I.G. Fortunetech Partners, Harbinger Venture Management, Nomura
Securities International, and Transpac Capital.
		http://www.privateexpress.com

		EVLogix Officially Appoints Founder as President & CEO
		 mail? top

		 DEERFIELD BEACH, Fla. (VENTUREWIRE) -- EVLogix, a provider of Web-based
supply chain management software for mid-sized businesses, said it appointed
founder Andreas Kozma as chief executive officer and president. Before
starting the company, Mr. Kozma was head of European development at
Nutraceutics, a pharmaceutical company. The company officially launched in
January and is backed by undisclosed individuals. EVLogix said it is
currently seeking to raise its first round.
		http://www.evlogix.com

		vc fund news
		?
		Israeli Telecom Firm Bezeq Teams Up to Start $50M VC Fund
		 mail? top

		 TEL AVIV (VENTUREWIRE) -- Bezeq, an Israeli national telecommunications
provider; Discount Capital Markets, an investment firm; said they are
establishing Stage-One Ventures, a new $50 million venture capital fund. The
fund will focus on seed investments in communications startups. Bezeq said it
will invest $20 million, while Discount Capital Markets will invest at least
$10 million. Yuval Cohen, managing director of Clal Group's Infinity fund,
and Adam Gaash, a former managment team member of ECI and RAD Group, will
manage the fund. Bezeq has invested in two other Israeli venture capital
firms, BRM Capital and Eurofund 2000.
		http://www.bezeq.co.il

		vc personnel
		?
		Encompass Ventures Adds New Associate to Team
		 mail? top

		 BELLEVUE, Wash. (VENTUREWIRE) -- Encompass Ventures Management said it has
added Rob Jacobs as an associate. Mr. Jacobs will help portfolio companies to
evaluate international market opportunities. The firm currently has $65
million under management and 23 portfolio companies, and is raising a $100
million fund. Encompass Ventures has a staff of two managing partners, one
senior associate, and one associate.
		http://www.encompassventures.com

		Atlas Venture Names Entrepreneur as Venture Partner
		 mail? top

		 NEW YORK (VENTUREWIRE) -- Atlas Venture, an international venture capital
firm investing in communications, information technology, and life sciences
companies, said it named Bill Bryant as a venture partner at Atlas Venture's
Seattle office, which opened in January. Mr. Bryant co-founded Qpass, a
provider of digital commerce services, where he served as CEO until 1998 and
as chairman until January 2001. He currently serves as the chairman of the
company's advisory board. Mr. Bryant alos co-founded and served as president
of Netbot, which was acquired by Excite@Home. Atlas Venture's most recent
investments on the West coast include Asta Networks, a Seattle-based provider
of network reliability and management services, and Mspect, a Sunnyvale,
Calif.-based provider of performance measurement services for the mobile
internet. Founded in 1980, Atlas Venture has six international funds and
manages more than $2.5 billion in committed capital. It recently closed a
$950 million venture fund.  http://www.atlasventure.com

		vw corrections
		?
		MolecularWare
		 mail? top

		 NEW YORK (VENTUREWIRE) -- A story in Friday's VentureWire about
MolecularWare's new funding from KnowledgeCube incorrectly omitted Aspen
Investment Group as a prior investor in the company.

		company index
		top

		Algorx Pharmaceuticals, All Bases Covered, Alphamosaic, Atlas Venture, Beyond
Genomics, Bezeq, Bignose.com, Call Sciences, Clarity, Comlase, Compete,
Cpocket, Creative Planet, CyLex Systems, DataSynapse, e.Intelligence, Eazel,
EdgeMatrix, eframes.com, eKit.com, Embark.com, Encompass Ventures, EVLogix,
Flatiron Partners, Flatiron Partners, Foundstone, Hermes Pensions Management,
Impart Technology, Kodiak Venture Partners, Lost Boys, MobileOne, OffRoad
Capital, Orange, Pitman Company, Princeton eCom, printCafe, PrintNation.com,
PrivateExpress, Roundarch, Sightward, smartBargains, Startups, Tahoe
Networks, White Amber, Xora, Yube.com, Zone Labs

		Technologic Partners' renowned Enterprise Outlook
		conference is returning to San Francisco for a two-day
		run in June. You'll hear CEOs from 100 of the most
		promising start-ups in burgeoning markets like
		collaborative systems, outsourced services, application
		integration, and information management.

		Enterprise Outlook
		San Francisco Airport Marriott
		June 26 & 27, 2001

		Register before May 11 and SAVE $300 off the regular
		conference fee:http://www.enterpriseoutlook.com

		investor index
		top

		Barnard & Co., Brightstone Capital, Commonwealth Capital Ventures, Discovery
Ventures, Doll Capital Management, Elan, European Equity Partners, First
Union Capital Partners, InnovationsKapital, InterWest Partners, J.P. Morgan
Capital, JMI Equity Fund, KDB Capital, Korea Development Bank, Morgan Stanley
Dean Witter Venture Partners, Norwest Venture Partners, OVP Venture Partners,
Prelude Trust, Riordan Lewis & Haden, Sofinnova Ventures, Wilson Sonsini
Goodrich & Rosati

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		,2001 Technologic Partners
			?


Good luck.  If it's not too much trouble, an email summarizing the day's
festivities would be helpful. Parquet ever get in touch with you?


October 11th 2000.

From : Vivek Menezes

To : Mr. Kenneth L. Lay (klay@enron.com)

Chairman & CEO,

Enron Corp.

Dear Mr. Lay,

Further to my emails dated 22/2/2000 & 14/6/2000 introducing Tata Housing  as
a premium real estate developer in India, and specifically, our commercial
complex Technopolis KnowledgePark at Andheri (E), Mumbai. We have been given
to  understand that Enron have acquired an additional space in Kamla Mills
Compound.  We were surprised to note that Enron did not consider Technopolis
KnowledgePark  inspite of it being a ready to move in building with all the
facilities required  for a good Call Center.

A few of these facilities being -

?High speed (100 MBPS) data network with switched interconnection  between
offices.
?Provision for ISDN lines.
?5000 line MTNL exchange on campus
?Power from Tata Electric Cos, which is 20% cheaper than the  Government
supply.
?In addition, a good quality restaurant and 24 hours ATM  facility.
?Central Air-conditioning & Building Automation System.

All these facilities and more were explained to Mr. Edward de Valcourt,
Project Director Communications, Enron Corp., when he visited Technopolis
KnowledgePark on 16/6/2000. Inspite of that, we have once again not been
considered. I would like to take this opportunity to inform you that we
currently have approximately 1,00,000 sq.ft. of space available at
Technopolis  KnowledgePark. We are also in the process of constructing the
IInd Phase in the  same complex which is approximately 60,000 sq.ft. and can
be made entirely  available to you, if required.

Further, we have another building of approximately 1,00,000 sq.ft. located
strategically at Kanjurmarg. This too could be ideal for your requirement.
We  would also like to inform you that Tata Housing has a large land bank and
can  offer properties to Enron for Call Centres across the country.

We request you to once again look into the same and revert to us at the
earliest.

Thanking you

Yours sincerely,

TATA HOUSING DEVELOPMENT CO. LTD.

Vivek Menezes

Manager ) Marketing & Sales

cc : Mr. Sanjay Bhatnagar ) CEO

??? : Mr. Wade Cline ) COO

??? : Mr. P. Sreekumar

??? : Mr. Hemant Luthra

??? : Mr. Edward de Valcourt)emailed  at(Edward.de.Valcourt@enron.com)

????? Enron India Pvt. Ltd.

56, Maker Chambers VI

Nariman Point

Mumbai ) 400 021.


Many of the customers have requested that we fax them the filing, so I am
planning on providing them with courtesy copies.

	From:  Mary Kay Miller                           10/16/2000 03:16 PM

To: Susan Scott/ET&S/Enron@ENRON, Jeffery Fawcett/ET&S/Enron@ENRON, Shelley
Corman/ET&S/Enron@ENRON
cc: Glen Hass/ET&S/Enron@ENRON

Subject: TW Options Filing

It's been signed and ready to be shipped to DC for filing tomorrow.  good
job--
Are you guys calling some of the Tw customers to tell them its being made and
should we have a copy delivered to anyone specically at FERC??  MK


Cindy,
Can you check on the below request?  I don't see that we have ever received the executed guaranty.  Tana made the request on 05/23/01.  Thanks.


---------------------- Forwarded by Mary Hain/HOU/ECT on 03/14/2001 02:30 PM
---------------------------

	Enron Capital & Trade Resources Corp.

	From:  "Jackie Gallagher" <JGallagher@epsa.org>
03/14/2001 02:02 PM

To: <bhawkin@enron.com>, <bmerola@enron.com>, <christi.l.nicolay@enron.com>,
<donna.fulton@enron.com>, <james.steffes@enron.com>,
<janelle.scheuer@enron.com>, <jeff_brown@enron.com>, <jhartso@enron.com>,
<Mary.Hain@enron.com>, <rshapiro@enron.com>, <sarah.novosel@enron.com>,
<tom.hoatson@enron.com>
cc:
Subject: FERC Show Cause Order

FERC has released a show cause Order directing Williams and AES to show why
they should not be found to have violated the Federal Power Act based on
certain outages at RMR plants in April and May of 2000.
The Commission's press release is available at:
http://www.ferc.fed.us/news1/pressreleases/prsrls1.htm.
The Order is available at:
http://cips.ferc.fed.us/Q/CIPS/MISC/M_MS/IN01-3.000.TXT.


http://www.consultrci.com

*********************************************************************
Energy Exchanges Online - Scottsdale - December 4-6
B2B e-commerce has revolutionized commodity trading, the A&D process and
procurement within the energy industry. With heavyweight keynotes and in-depth
panel discussions this is the first event to bring the major energy companies,
net markets, venture capitalists, regulatory bodies, investment banks and
analysts together to thrash out why its not business as usual but business
online.

For more information please visit www.eyeforenergy.com/xonline

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

===============================================================
SCIENTECH IssueAlert, November 7, 2000 from Phoenix, AZ
CEOs Speak on the Strategic Importance (or Lack Thereof) of Information
Technology in the Energy Industry
By: Jon T. Brock, Director, Strategic and Competitive Intelligence
===============================================================

Four CEOs participated in a panel entitled the "CEO Mega Panel: View From
the Top" at the 48th annual EEI/AGA Energy Information Technology Conference
in Phoenix this week.  The moderator was Charles Bayless, former chairman,
president and CEO of Illinova.  The remaining three CEOs included: Keith
Stamm, CEO, Aquila Energy; Dr. Matthew Cordaro, president and CEO, Midwest
ISO; and James Pignatelli, chairman, president and CEO, UniSource Energy.

ANALYSIS:  This panel was diversified in a very interesting manner. The
conference organizers did a good job in getting a cross-section of the
energy industry in transition.  The trading organization specialist was
represented with Aquila, the ISO specialist was represented with the Midwest
ISO, and the vertically integrated utility was represented with UniSource
Energy.  Each panelist was asked what role information technology (I/T)
played in their respective organization.  Their answers may surprise you.

Dr. Matthew Cordaro of the Midwest ISO went first.  Dr. Cordaro stressed
that I/T was very critical to the operation of an ISO, saying "it is
essentially
the foundation of the ISO." He mentioned that the Midwest ISO had started
from scratch and would have to be able to handle hundreds of thousands
of transactions every week in a real-time operation.  Among the
responsibilities
that the Midwest ISO is entrusted with are: monitoring the congestion on
the grid and taking appropriate action, preventing gaming through market
monitoring, settlement processing (who owes who what), and handling the
dispute process.

The Midwest ISO signed a contract with the Regional Transmission Organization
(RTO) Alliance on July 20 of this year to deliver an integrated control
center system (ICCS) that, when complete, will provide $50 million in
infrastructure
for the MISO.  The RTO Alliance, which consists of ALSTOM ESCA Corporation
of Seattle, Open Access Technology International (OATI) of Minneapolis,
Perot Systems of Dallas, Texas, and TenFold Corporation of Salt Lake City,
Utah, will deliver an electricity transmission system that will enable
MISO to match electricity demand with available transmission. The hardware
and software in the ICCS project will support MISO's operational functions
including transmission planning, reservation, scheduling, real-time monitoring
and control, settlement and billing.  Dr. Cordaro also stated that Lodestar
was involved in the MISO and that communications had been outsourced to
AT&T Solutions.

Keith Stamm of Aquila Energy went next.  Keith began by clarifying Aquila's
focus as trading: owning very little assets in a high-volume, low-margin,
high-volatility business.  I/T is very important in the trading business.
 Real-time information must be known and disseminated appropriately to
the right individuals.  Keith believes that one of Aquila's strategic assets
and strengths is its risk management system.  Aquila strives for a real-time
calculation of risk.

Aquila Energy, a subsidiary of UtiliCorp United, Inc., has been a surprising
winner in the trading marketplace this year, showing a 113-percent growth
since last year with $9 billion total revenue for the past six months,
of that $55 million in trading revenue compared to $18 million in 1999.
The EBIT was $34.2 million vs. $9 million a year ago. Aquila has gathered
top traders and intellectual, financial, and risk management personnel
to enthusiastically participate in the power marketing race.

Keith mentioned a recent alliance with five other companies * including
top traders AEP and Duke Energy * as an investment step Aquila perceived
was necessary to keep pace with trader tycoon Enron and other online trading
platforms. The Energy Trading Consortium (Duke Energy, AEP, Aquila Energy,
Reliant Energy, Southern Company Energy Marketing and El Paso Energy) is
in progress to create an exchange that the participants hope will reap
benefits from the transaction cost, liquidity, volume and speed of exchange.
 This consortium differentiates itself from EnronOnline by bringing many
buyers and sellers to the platform as opposed to one-to-many.  Another
competitor recently launched is e-Speed's TradeSpark.

James Pignatelli of UniSource Energy went last and had some controversial
statements concerning information technology.  James stated that I/T in
the vertically integrated utility is not strategic, at least not at the
present time.  James believes that I/T will become strategic someday (in
the deregulated market).

James claims getting frustrated with platform switching in the I/T arena.
 He mentioned pulling in his I/T folks and saying, "Let's switch the
distribution
network to DC power and once the public has bought new appliances, we'll
switch back to AC." While James' comments may have been controversial with
the more than 500 attendees and approximately 50 energy CIOs in the audience,
he does have a point.  The vertically integrated utility's core strength
is to generate power and distribute it to "captive" customers reliably.
 While some I/T systems (like outage management and SCADA devices) may
be strategic in this sense, the other parts of I/T are questionable and
could be candidates for outsourcing.

James claims to be working on B-2-B and B-2-C initiatives at the moment.
 His vision for B-2-C is a smart chip in the residence that has access
to instantaneous pricing information.  The residence will "buy" electricity
for itself from the most efficient supplier and it will be able to reduce
load, thereby reducing the T&D utility to a simple conduit for service.

James and Charles Bayless both were involved in New Energy Ventures prior
to its sale to AES.  In 1997, Tucson Electric invested $3 million in NEV
and Charles Bayless (then Tucson Electric's chairman, president and chief
executive officer) and James Pignatelli (Tucson Electric's senior vice
president and chief operating officer) served on New Energy Venture's
administrative
committee.

It is interesting to view the different parts of the energy marketplace
as it unbundles and the profound impact that is occurring on the associated
I/T systems.  If one were to stop and think about it, deregulation could
not occur without the complex I/T systems that are employed today in the
marketplace.  I wonder what Thomas Edison and Samuel Insull would have
thought about an unbundled electric marketplace.  It is, in fact, undoing
their design of an integrated electric system constructed for operational
efficiency.
===============================================================
See SCIENTECH's exclusive products and services at:
http://www.consultrci.com
===============================================================

SCIENTECH is pleased to provide you with your free, daily IssueAlert. Let
us know if we can help you with in-depth analyses or any other SCIENTECH
information products. If you would like to refer a colleague to receive
our free, daily IssueAlerts, please reply to this email and include their
full name and email address or register directly at:

http://www.consultrci.com/web/infostore.nsf/Products/IssueAlert

Sincerely,

Jon T. Brock
Director, Strategic and Competitive Intelligence
jbrock@scientech.com
===============================================================
Feedback regarding SCIENTECH's IssueAlert should be sent to
jbrock@scientech.com
===============================================================

SCIENTECH's IssueAlerts are compiled based on independent analysis by
SCIENTECH
consultants.  The opinions expressed in SCIENTECH's IssueAlerts are not
intended to predict financial performance of companies discussed or to
be the basis for investment decisions of any kind.  SCIENTECH's sole purpose
in publishing its IssueAlerts is to offer an independent perspective regarding
the key events occurring in the energy industry, based on its long-standing
reputation as an expert on energy and telecommunications issues.

Copyright 2000.  SCIENTECH, Inc.

If you do not wish to receive any further IssueAlerts from SCIENTECH, please
reply to this message and in the body of the email type "remove."


just thought I would pass this on.  The reporting team has been swamped the
past few weeks with requests...

Sheri
---------------------- Forwarded by Sheri Thomas/HOU/ECT on 10/13/2000 11:11
AM ---------------------------

From:  Bob Shults
10/11/2000 02:38 PM

To: Sheri.Thomas@enron.com
cc: Torrey Moorer/HOU/ECT@ECT, Matt Motsinger/HOU/ECT@ECT, David Forster
Subject: reports

Sheri,

Just wanted to let you know how impressed I've been with the reporting team.
Over the last few weeks they have helped Jennifer Mcquaid and myself out
alot.  All requests have been done quickly and with good quality.  Kudos to
your team.


This is scheduled for 2PM on Thursday 27th in his office EB1906. You are
welcome to join. I will give a overview of what we (Sandeep &co) are trying
to do for DPC (Dabhol power) and ask him to clarify the mark-to-market issues
related to those deals.
Krishna.


Proposed edits attached.  Looks good -- I like the references to the energy
savings... I think we should try to get this story some play in california;
not necessarily in the media but perhaps with some of the folks we are
working with in the Gov's office.  Please copy Dasovich and Mccubbin on the
final.

Extra congratulations on the USA Today story.

	Peggy Mahoney@EES
	11/27/2000 09:39 PM

		 To: Marty Sunde/HOU/EES@EES, Dan Leff/HOU/EES@EES, Harold G
Buchanan/HOU/EES@EES, Jeremy Blachman/HOU/EES@EES, Kevin Hughes/HOU/EES@EES,
Vicki Sharp/HOU/EES@EES, Mark S Muller/HOU/EES@EES, Elizabeth
Tilney/HOU/EES@EES, Karen S Owens@ees@EES, Thomas E White/HOU/EES@EES, Steven
J Kean/NA/Enron@Enron, Mark Koenig/Corp/Enron@ENRON, Paula
Rieker/Corp/Enron@ENRON, Cedric Burgher/Corp/Enron@ENRON, Mark
Palmer/Corp/Enron@ENRON, Karen Denne/Corp/Enron@ENRON, Michael
Chudecke/HOU/EES@EES, Angela Schwarz/HOU/EES@EES
		 cc:
		 Subject: Macerich

The Macerich Company has agreed to distribute the attached news release about
our recent energy
management agreement.  Although it was a third quarter agreement, I'd really
like to have this "officially" on the
record.  Please review the attached draft and let me know your thoughts by
end of day Tuesday, November 28.
x57034.

Thanks
Peggy


Good.  Rick Shapiro and I have an appointment to see Larry Summers Thursday
morning to update him on CA events.   Larry leaves later that day for Davos
(Steve, note that Ken will also be in Davos.  Greenspan almost always goes to
Davos as well.)    As for new Administration, they are publicly saying that
this mess is CA's mess.  We'll see how long they can sustain this position.
Rick and I will be meeting with Ed Gillespie Wednesday a.m.  We should know
more then.

	Jeff Dasovich
	Sent by: Jeff Dasovich
	01/23/2001 03:04 PM

		 To: skean@enron.com, Richard Shapiro/NA/Enron@Enron, James D
Steffes/NA/Enron@Enron, Linda Robertson/NA/Enron@ENRON
		 cc:
		 Subject: Tyson Update

Tyson has gotten a call-back from the governor's office.  She's going to call
him back shortly to try to sell him on the plan (i.e., private sector to the
rescue) and ensure that he'll come to the party.  She'll call me back as soon
as she talks to him.

Curious--do we have any sense of whether there's much activity within the
adminstration on this, or can we expect the wait and see approach to continue?
Best,
Jeff


This is cute!  Two down (Maria and Ted) and one to go (Chuck).  Current
status is red, puffy eyes and runny nose.  This is not easy.

The following ad is reported to have gotten numerous calls...

SINGLE BLACK FEMALE... Seeks male companionship, ethnicity
unimportant. I'm a svelte good looking girl who LOVES to play.
I love long walks in the woods, riding in your pickup truck,
hunting, camping, and fishing trips, cozy winter nights lying by
the fire. Candlelight dinners will have me eating out of your
hand. Rub me the right way and watch me respond.
I'll be at the front door when you get home from work, wearing
only what nature gave me. Kiss me and I'm yours.
Call xxx-xxxx and ask for Daisy.
Callers found themselves talking to the local Humane Society
about an eight-week-old black Lab.


That's true, but we're trying to find substantive reasons for having the
meeting....

	Susan J Mara
	07/10/2001 12:05 PM

		 To: Joseph Alamo/NA/Enron@Enron
		 cc: Alan Comnes/ENRON@enronXgate, Jeff Dasovich/NA/Enron@Enron
		 Subject: Re: Weekly Staff meeting?

Paul specifically told us to have one

Sue Mara
Enron Corp.
Tel: (415) 782-7802
Fax:(415) 782-7854

	Joseph Alamo
	07/10/2001 09:41 AM

		 To: Susan J Mara/NA/Enron, Jeff Dasovich/NA/Enron, Alan
Comnes/ENRON@enronXgate
		 cc:
		 Subject: Weekly Staff meeting?

Did you folks want to try to have a Staff meeting/call this week?
or would you rather let it go until Paul returns?

Pls advise,
Thanks,
Joseph


Just a reminder... I'm not able to login to westpower.


There are a few other issues we need to look into:

Larcamp told Hartsoe and I after the meeting that FERC may clarify that the
price caps and reporting obligations apply only to bids into the PX and ISO
-- ie no bilateral transaction will be subject to the requirements.  He asked
if knowing this would change any of our views (esp peaking plants, though I
suspect it's already too late for that).  My gut reaction is that so long as
the market continues to clear through the centralized exchanges this
"exemption" for bilateral transactions won't matter much, but let's think it
through.  Is EOL or APX an alternative?
Massey specifically asked us to address forward markets in our comments.
Specifically, "has FERC done everything it can to encourage forward market
development?"  In addition to any other points we might make, I think we
should argue that "PJMing" the market won't facilitate and may even hinder
forward market development.  Also, we should advocate actions by FERC that
take away second-guessing by the CPUC in order to reduce utility fears about
contracting forward.
We have to give the Commission a way out on price caps.  We need to think
through whether there is something we can live with here, or we should take
the approach I took in my testimony:  FERC should encourage the state to
provide rate protection for selected customer classes by putting those
requirements up for bid (ie get the utility out of the commodity business as
much as possible).
Finally, on governence issues we should argue for a narrowe role for the ISO
as a way of diffusing the emotional governence debate.  Analogy:  if the ISO
is simply the air traffic controller all parties will simply be interested in
retaining the most technically competent people (not hiring or appointing
their lackies or friends).  So long as the ISO has a role in setting prices,
acquiring supplies or running the market, it is destined to be controversial
and highly politicized.  Those functions should be left to the market.

	Mary Hain@ECT
	11/10/2000 11:13 AM

		 To: Steven J Kean/NA/Enron@Enron, Harry Kingerski/NA/Enron@Enron
		 cc:
		 Subject: Comments on FERC November 1 order

---------------------- Forwarded by Mary Hain/HOU/ECT on 11/10/2000 09:20 AM
---------------------------
________________________

To: Christian Yoder/HOU/ECT@ECT, steve.c.hall@enron.com, Richard Sanders,
Susan J Mara/SFO/EES@EES, Mona L Petrochko/NA/Enron@Enron,
jdasovic@ees.enron.com, Paul Kaufman/PDX/ECT@ECT, James D
Steffes/NA/Enron@Enron, Joe Hartsoe@Enron, Sarah Novosel/Corp/Enron@ENRON,
James E Keller/HOU/EES@EES, Mike D Smith/HOU/EES@EES, Harry
Kingerski/HOU/EES@EES, Dennis Benevides, Tim Belden/HOU/ECT@ECT, Robert
Badeer/HOU/ECT@ECT, Jeff Richter/HOU/ECT@ECT, Alan Comnes/PDX/ECT@ECT, Steve
Kean, Richard Shapiro, Tim Heizenrader/PDX/ECT@ECT
cc: carrrn@bracepatt.com, dwatkiss@bracepatt.com
From: Mary Hain/HOU/ECT
Date: 11/09/2000 05:19:03 PM
Subject: Comments on FERC November 1 order

For purposes of our discussions, Alan and I have put together an outline of
issues raised in the FERC meeting today that we might consider putting in our
comments to FERC.  Our written comments would also include the issues we have
already raised in our white paper and our oral comments at FERC.  Of course
to the extent we have discussed things in our white paper we could simply
cite the paper.  Given the potentially long list of issues to be addressed, I
haved left a voice mail asking Seabron if he is available to help Alan.


I believe that we are in a position to cross one more agreement off our
list.  I had a conference call on Friday afternoon with Boyd Springer, Roy
Rodriguez (Peoples Commercial), Tim Hermann (Peoples Commercial), Mary
Klyasheff (Peoples Regulatory Counsel) and Gerry Fox (Peoples Regulatory
Counsel) to discuss Boyd's comments regarding the regulatory issues of the
Affiliate Master.  His comments and our recommendations are as follows:

1)  Boyd had initially questioned the need to file for approval due to an
exemption that exists for transactions conducted with Affiliates in the
ordinary course of business at standard or prevailing market prices.

There are two types of Affiliate transactions contemplated; a) simple
buy/sells at a clear market price (which will fall under the exemption and
don't need to wait for ICC approval ) and b) complex transactions with
sharing arrangements,  management fees or other similar structures (which
will not fall under the exemption and must wait for ICC approval).  Since ICC
approval must be sought for certain transactions, it is recommended that we
proceed with filing the Affiliate Master ASAP.

2)  Boyd had noted that as written the Affiliate Master becomes effective
upon initial approval of the ICC.  However, there is an appeal/rehearing
process for intervenors after initial approval and prior to final approval.
Therefore, there exists a remote possibility that we could begin transacting
under the Affiliate Master and not receive final approval.

After discussing this issue with Mary and Gerry, the probability is minimal
that such an event would occur as we will receive feedback from the ICC from
both the informal conversations prior to filing and throughout the process
prior to approval.  As such, it is recommended that the effective date as
written is acceptable.

3)  Boyd had indicated that the inclusion of the confidentiality provision
may add further complexity to the filing and may want to be avoided to ease
approval.

After discussing the issue further, it appears that the confidentiality
provision does add some complexity in the filing process in that additional
steps must be taken.  However, after the filing is made, the inclusion does
not add to the approval time in any measurable way.  Further, Peoples always
files its contracts under confidentiality and feels that this should be no
different.  Given that it will protect transactional information and does not
add any time to the approval process, it is  recommended that we include the
confidentiality provision as written.

In summary, unless there are any other concerns, we should proceed with
filing the Affiliate Master as currently written.  Jeff Hodge has already
reviewed, approved and initialed the Affiliate Master as to its transactional
content.

Prior to filing, Kathy Donofrio (V.P., Regulatory Affairs) will forward of
copy of the Affiliate Master to the ICC Staff followed shortly by a meeting
to discuss the impending filing and get any initial feedback that may affect
the filing.

Current expectations are that approval will take a minimum of four months.
For comparisons, Nicor currently has an Affiliate filing at the ICC that
began in May and is already postponed until October.  Further, the current
high priced gas environment has caught the attention of the ICC.  Although it
may mean the ICC will be very busy, it may also be an opportunity to get an
expedited approval if we can show the ICC that PGL/NS ratepayers will benefit
from the Affiliate Master.

Boyd - Please let us know if I have mistated any of the issues or if you
disagree with any of the recommendations as I would like to give Peoples the
green light today to proceed with the filing process.

Thanks,

GREGG


FYI
---------------------- Forwarded by Steven J Kean/HOU/EES on 08/03/2000 07:17
PM ---------------------------
From: Gary Fitch@ENRON on 08/01/2000 02:03 PM
To: Steven J Kean/HOU/EES@EES
cc: Bill Donovan/EPSC/HOU/ECT@ECT
Subject: Re: Tax Valuations for YR2000

Thanks Steve,  actual savings prior to allocation was $782,375   I miss
calculated when I sent the memo.

	Steven J Kean@EES
	08/01/2000 09:11 AM

		 To: Gary Fitch/HR/Corp/Enron@ENRON
		 cc:
		 Subject: Re: Tax Valuations for YR2000

Congratulations!

Gary Fitch@ENRON on 07/27/2000 12:02:47 PM
To: Bill Donovan/EPSC/HOU/ECT@ECT
cc: Steven J Kean/HOU/EES@EES
Subject: Tax Valuations for YR2000

Bill, we hit a home run this morning with HCAD.  They have agreed to take my
reduced valuation on the Enron fleet.  A reduction of  $16,079,000 in taxable
value.  This results in savings of $482,375.  That's not all, our allocation
based on records for operations outside of the state of Texas resulted in
additional savings of $1,559,638. Total savings to our 2000 budget will be
$2,042,013.


Contract 62039 was replace with contract 65402.  It's 20,000 day with a
primary receipt of Maumee and a primary delivery of COH.  The term is 11/1/99
- 10/31/2000.  Should I bill the retail group for this contract or does this
belong to wholesale??  Also, I'm showing a demand charge of $.15.


Sorry, It's 1097649 (with Exchange options also applied vol skew).

Thanks!

Dave
ext. 5-3853

 -----Original Message-----
From:  Wei, Dave
Sent: Thursday, April 05, 2001 1:39 PM
To: Griffith, John; Maggi, Mike; May, Larry; Arnold, John; Quigley, Dutch
Cc: Wong, Jeremy
Subject: RE: Skew Project

John,
Post_id 1095759 is copied into 1097646(with Exchange options also applied vol
skew).
Jeremy is now out of office. We may be able to move this into production
tomorrow if you can get the changes approved.

Thanks!

Dave
ext. 5-3853

 -----Original Message-----
From:  Griffith, John
Sent: Friday, March 30, 2001 2:57 PM
To: Maggi, Mike; Griffith, John; May, Larry; Wei, Dave; Arnold, John;
Quigley, Dutch
Subject: RE: Skew Project

---------------------- Forwarded by John Griffith/Corp/Enron on 03/30/2001
01:58 PM ---------------------------

 << OLE Object: Picture (Device Independent Bitmap) >>
John Griffith
03/30/2001 02:55 PM
To: Jeremy Wong/ENRON@enronXgate
cc:

Subject: RE: Skew Project   << OLE Object: StdOleLink >>

I uploaded the skew vols with Margie's table.  She is going to check to see
if it hit the database.  Please mark the book (production) with this info.
Please call me at x.36247 if you have any questions.  Thanks.

John


Dr. Lu,

I would be grateful if I could talk with you some time about the typical
terms one sees in Swing, take or pay, virtual storage, etc. options.  This
is related to some research some colleagues and I are doing applying recent
innovations in Monte Carlo valuation of options with early exercise.  We
would like to illustrate our techniques on some examples which look
realistic.  When would be convenient for you?

I look forward to talking with you.
Duane Seppi

--On Wednesday, March 14, 2001, 8:44 AM -0600 Vince.J.Kaminski@enron.com
wrote:

>
> Duane,
>
> I shall be traveling for the rest of the week but my colleague
> Dr. Zimin Lu will call you to talk about different
> structures.
>
> Vince
>
>
>
>
>
> ds64@cyrus.andrew.cmu.edu on 03/13/2001 09:54:24 AM
>
> To:   "Vince J Kaminski" <Vince.J.Kaminski@enron.com>
> cc:
> Subject:  Re: A Request
>
>
> Vince,
>
> Sorry that I missed your call yesterday.  I have a meeting from 2-3 today
> (Tuesday), but otherwise any time in the afternoon works for me.  Let me
> know what is convenient for you.  Thanks for your help.
>
> Duane
>
> ********
> Duane Seppi
>
> Graduate School of Industrial Administration
> Carnegie Mellon University
> Pittsburgh PA  15213-3890
>
> tel. (412) 268-2298
> fax (412) 268-8896
>
> email ds64+@andrew.cmu.edu
>
>
>
>
>

********
Duane Seppi

Graduate School of Industrial Administration
Carnegie Mellon University
Pittsburgh PA  15213-3890

tel. (412) 268-2298
fax (412) 268-8896

email ds64+@andrew.cmu.edu


Jim,
here are the articles I found regarding offers made from Enron.  Sorry, I
placed these in your chair on Friday, and I didn't realize that you were not
in the office.

	James D Steffes@ENRON
	03/20/2001 12:02 PM

		 To: Miyung Buster/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
		 cc:
		 Subject: Summary of Supply Offers in California

Any luck on public information about offers last year?

Jim

----- Forwarded by James D Steffes/NA/Enron on 03/20/2001 12:02 PM -----

	Jeff Dasovich
	Sent by: Jeff Dasovich
	03/19/2001 08:24 PM

		 To: James D Steffes/NA/Enron@Enron, Richard Shapiro/NA/Enron@Enron,
skean@enron.com, Susan J Mara/NA/Enron@ENRON, Sandra McCubbin/NA/Enron@Enron,
Susan J Mara/NA/Enron@ENRON, Harry Kingerski/NA/Enron@Enron, Paul
Kaufman/PDX/ECT@ECT, Janel Guerrero/Corp/Enron@Enron, Karen
Denne/Corp/Enron@ENRON, mpalmer@enron.com, Alan Comnes/PDX/ECT@ECT
		 cc:
		 Subject: Summary of Supply Offers in California

Jim:

Attached is a fairly distilled summary of the projects Enron's offered to the
utilities, DWR and the ISO over the past 9-12 months, or so.  With respect to
the power contracts offered to the IOUs, only the offers accepted by PG&E and
Edison are included---the desk doesn't keep records of offers rejected, only
offers accepted.  However, I'm fairly confident that I can dig deeper and get
more info on the other power deals offered to Edison, PG&E and SDG&E if folks
would like that information.  Just let me know. Prices are included for the
offers that had prices attached when submitted.

Best,
Jeff


The attached schedule has all the contract numbers.  Let me know if you have
any questions.


Help us with inaugurate our first-time finish tent in Austin (as big as regulations allow due to the space available).   It is there that you will get your finish prize which will add some real value to the pain and suffering of your two-day trek in addition to making you the envy of your neighborhood.

Amy Moore, our Austin volunteer lead, will have been there since Saturday to make sure you get your fill of beer, soft drinks and junk food, which is just what most of us want at that point.

If you're hungrier than that, Hooter's is serving dinner to everyone with a wrist-band.

Reminder:  If you're riding the bus back to Houston, drop your bike first, and then celebrate.  Average time for bike transport to Houston after the drop is 5 hours, and it would be good to get the bike there before you.

THANKS FOR RIDING WITH ENRON !!


Vanessa,
Thanks for the note.  I'll check out the book but I don't think I'll stop my
insulin!
mike

Vanessa Kyama@ENRON
09/11/2000 08:22 AM
To: Mike McConnell/HOU/ECT@ECT
cc:
Subject: Diabetes

Hi Mike,

I don't know if you'll appreciate the following info, but there is a book
called "The Cure For All Diseases" by Hulda Clark. She outlines how to cure
diabetes so there is no need to take insulin.  It worked for my hypoglycemia,
and a lot of other things.

Vanessa


Thanks, but ain't gonna happen this week.  We'll have to wait till he gets
back.

Best,
Jeff

	Rob Bradley
	06/04/2001 08:02 AM

		 To: Jeff Dasovich/NA/Enron@Enron
		 cc:
		 Subject: Open Letter

Can I put this ball in your court in case you want to move forward?

- Rob

----- Forwarded by Rob Bradley/Corp/Enron on 06/04/2001 08:01 AM -----

	David Theroux <DTheroux@independent.org>
	06/03/2001 03:54 PM

		 To: rbradle@enron.com (Rob Bradley)
		 cc:
		 Subject: Hello

Dear Rob,

I will be out of the country for two weeks starting this coming
Saturday.  As a result, if you are interested in our doing an Open
Letter of energy price controls, please let me know ASAP.

Best regards,

David
--
David J. Theroux
Founder and President
The Independent Institute
100 Swan Way
Oakland, CA 94621-1428
510-632-1366 Phone
510-568-6040 Fax
DTheroux@independent.org
http://www.independent.org


Let's stay downtown then.
--------------------------
Sent from my BlackBerry Wireless Handheld


I recevied a note from Janet Wallis stating that we need Gas Daily deals for
imbalances at Colorado River Station (Mtr 8663) for Nov 99 and Mar 00.  I
changed the pricing on the term deal 72349 to Gas Daily + .199 to cover these
flows.

HC - Please have someone allocate the needed volumes to this deal ticket for
these two months, and let Katherine know when completed.

Let me know if you have any questions.

D


---------------------- Forwarded by Susan M Scott/HOU/ECT on 11/02/2000 03:36
PM ---------------------------

	Enron Capital & Trade Resources Corp.

	From:  "Kyle Etter" <kyle_etter@hotmail.com>
11/01/2000 10:45 PM

To: Susan.M.Scott@enron.com
cc:
Subject: Re:

Susan,

Well you have either had a week from hell so far or its just taking you time
to come up with some good bs.  Without being too forward I will be in town
next Friday and wanted to know if you would like to go to dinner or
something.  At least that will give us a chance to talk face to face.  If
your busy don't worry about it I thought I would just throw it out there.

I'll keep this one short and sweet since the last one was rather lengthy.
Hope this Thursday is a little better then last week.

Kyle

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

Share information about yourself, create your own public profile at
http://profiles.msn.com.


Today, FERC issed the attached notice of a technical conference on the
Californi
a natural gas transportation infrastructure, scheduled for May 24th.

 - pl01-4.000.doc


Lynn-give me a call this weekend if you have problems.  My cell is 713-859-6238.

Thanks.  Jean


A couple of points and questions:

1)   Is the EIP position going to get traced on the DPR - because this has
gotten fouled up in the past
2)   Can we be more explicit on what constitutes the Capital Portfolio - I
think there has been
       confusion on what is here as well.
3)  Also why not show if Lavo or I have the overview role.  For example now
that LNG has moved under Shankman
      Lavo should take the oversight role rather than me.

John

Sent by: Veronica Valdez
To: John J Lavorato/Corp/Enron@Enron, John Sherriff/LON/ECT@ECT
cc:

Subject: Authorized Traders

Per the request below, please review the attached list, provide any changes,
sign and fax to Veronica Valdez (713) 646-2194.

Thanks,

Veronica for Ted
x31881

Gentlemen (and I use the term loosely!):
Now that you have been duly authorized by the COO and CRO of Enron to have
global risk responsibility, you need to authorize the individual responsible
for each individual commodity group delineated in the Risk Management
Policy.  I took the liberty of making a stab at it for you.  Please review
attachment and let me know if you have  any changes.  If ok, I will forward
to you for your signature and on to Rick Buy to make official.  These
individuals will then be responsible for designating those that can transact
on their behalf.
Any questions, please call me asap.
Ted x3-3324


The Mid Year 2001 Performance Management process began May 7.   It is
important you access the Performance Evaluation Process (PEP) system
(http://pep.enron.com) to approve your Assistant's list of suggested
reviewers.  The list of suggested reviewers should include all of the
Assistant's assignments, and possibly 2 of her peers or 2 reviewers from
outside our department (people they work with, not personal friends).  She
should also complete the self-evaluation form (even if she is a new hire).
Each employee can select up to a maximum of 7 reviewers, and they have an
opportunity to submit a list of up to 5 accomplishments on the
self-evaluation form.  In my role as Administrative Coordinator, I will be
completing an evaluation form for all Assistants so it is not necessary for
them to include me in the list of suggested reviewers.

As the immediate supervisor it is important you gather data, summarize it,
and provide written feedback on your Assistant to your group's OGC
representative.  All feedback must be completed by May 25.

Help Desk representatives are available to answer questions and provide
technical support throughout the process.  You can reach the PEP Help Desk at:

Houston: 713.853.4777, Option 4 or email:  perfmgmt@enron.com

Thank you for your attention to this matter.

Janette Elbertson
Enron Wholesale Services
Legal Department - EB3326
Telephone:  (713) 853-7906
Fax:  (713) 646-2600
janette.elbertson@enron.com


Ben,

Would you please forward to Dale copies of the CA's that were signed by those
parties which will be given second round access to the LV CoGen docs?  His
fax number is listed below. Many thanks.

Stuart

By the way, I hope that you are continuing to obtain executed originals of
the CA's (and sending them to Ed Hearn upon receipt thereof).

 ----- Forwarded by Stuart Zisman/HOU/ECT on 10/02/2000 03:55 PM -----

	Dale Rasmussen
	10/02/2000 02:51 PM

		 To: Stuart Zisman/HOU/ECT@ECT
		 cc:
		 Subject: Re: Project E2

I probably should get copies of the executed agreements.  My fax is (503)
464-8058.

Thanks.

From: Stuart Zisman on 10/02/2000 02:50 PM CDT
To: Dale Rasmussen/HOU/ECT@ECT
cc: Don Miller/HOU/ECT@ECT, Ed B Hearn III/HOU/ECT@ECT
Subject: Re: Project E2

Dale,

I will follow up with Ed to be sure that he is able to get you the form (in
electronic format) that we used.  Be advised, however, that many of the
parties attempted to negotiate the form.  While I didn't let them get away
with much, some concessions were made.  If you would like copies of the
executed confidentiality agreements for certain parties, I can get those for
you as well.

Stuart


I'm no oracle, but there would be no current balance sheet impact.

From: Greg Krause/ENRON@enronXgate on 06/06/2001 04:44 PM
To: Kay Mann/Corp/Enron@Enron
cc:

Subject: RE: Midway Interconnect Agreement

So, based on the forgoing, assuming we can not and do not buy the property
until the LLC is owned by ENext then the terms of the POA docs should have no
balance sheet impact.  Do you agree?

 -----Original Message-----
From:  Mann, Kay
Sent: Wednesday, June 06, 2001 4:28 PM
To: Krause, Greg
Subject: RE: Midway Interconnect Agreement

Correct.  If all we were doing was buying the property, you wouldn't have the
timing restriction.  You lose one layer of optionality.

From: Greg Krause/ENRON@enronXgate on 06/06/2001 04:06 PM
To: Kay Mann/Corp/Enron@Enron
cc:

Subject: RE: Midway Interconnect Agreement

So if we buy the property before the LLC is owned by ENext the entire project
goes on the balance sheet since we will be committed to building a road and
stormwater system.  There we all must be aware that we can not close on the
property until the LLC is owned by ENext.  Do you agree?

 -----Original Message-----
From:  Mann, Kay
Sent: Wednesday, June 06, 2001 3:58 PM
To: Krause, Greg
Subject: RE: Midway Interconnect Agreement

Put the land on the balance sheet is a forgiveable sin.  Incurring any other
type of  hard costs puts the entire project (whatever that may be) on the
balance sheet.

Kay

From: Greg Krause/ENRON@enronXgate on 06/06/2001 03:53 PM
To: Kay Mann/Corp/Enron@Enron
cc:

Subject: RE: Midway Interconnect Agreement

If we buy the property before the LLC is owned by ENext, wouldn't the big
concern be that we've put $1.8 million of land plus an additional $900,000 or
so of obligations to build road and stormwater system on the balance rather
than the rather small ongoing costs related to maintainance of the road and
system?

 -----Original Message-----
From:  Mann, Kay
Sent: Wednesday, June 06, 2001 3:46 PM
To: Krause, Greg
Subject: RE: Midway Interconnect Agreement

As I understand it, if the option is exercised (and the property bought)
prior to the time the LLC is owned by ENext, there is a balance sheet
impact.

From: Greg Krause/ENRON@enronXgate on 06/06/2001 03:01 PM
To: Kay Mann/Corp/Enron@Enron, Ben Jacoby/ENRON@enronXgate
cc:

Subject: RE: Midway Interconnect Agreement

Probable time for them to bless the agreements; however, since these
documents will not be executed until after closing, the obligations created
under the Property Owners Association should not have a balance sheet impact.

 -----Original Message-----
From:  Mann, Kay
Sent: Wednesday, June 06, 2001 12:29 PM
To: Krause, Greg; Jacoby, Ben
Subject: RE: Midway Interconnect Agreement

Greg and Ben,

So is it about time to get Lisa, Herman and Rose involved in the PAD stuff?

Kay

From: Greg Krause/ENRON@enronXgate on 06/06/2001 12:07 PM
To: Kay Mann/Corp/Enron@Enron
cc:

Subject: RE: Midway Interconnect Agreement

Kay,

A&K did the title committment work and is now working on the Property
Association Documents (as is Greenberg Traurig in West Palm Beach).  Ann
Elizabeth's
last email message to me before she went on vacation was that A&K was the
designated hitter for the Midway Project.    You have been copied on those
docs which we desparately need to get to Cooney Midway Groves, the property
owner.  As far as I know, they have not been involved in anything else
related to Midway this year.

Christi left me a message saying that Lloyd Will or one of his guys needs to
review the Interconnction Agreement. I do not know Lloyd.

Greg

PS we had a good meeting with DERM on the landfill closure issues in the
Certosa Holdings deal.   I'll try to reach you this afternoon to discuss.

 -----Original Message-----
From:  Mann, Kay
Sent: Wednesday, June 06, 2001 7:45 AM
To: Krause, Greg
Subject: RE: Midway Interconnect Agreement

How much involvement has A & K had on Midway?  I have other counsel engaged
for the sale, but this falls into a different category.

Kay

From: Greg Krause/ENRON@enronXgate on 06/05/2001 11:35 PM
To: Ben Jacoby/ENRON@enronXgate, Kay Mann/Corp/Enron@Enron
cc: Christi L Nicolay/HOU/ECT@ECT

Subject: RE: Midway Interconnect Agreement

Please see attachment below with Christi's comments.

-----Original Message-----
From: Jacoby, Ben
Sent: Tuesday, June 05, 2001 12:22 PM
To: Mann, Kay
Cc: Krause, Greg; Nicolay, Christi
Subject: Midway Interconnect Agreement

Kay:

Greg has Christi's comments on the FPL Construction & Connection Agreement,
and he will be sending us those comments today in a marked document. Have we
engaged outside counsel to review this agreement? I'd like to have a
commercial / legal review fully completed, and then get accounting / finance
to comment. I this something you were planning to have Carlos to work on
given his recent work on ComEd and Ameren?

Please let me know. Thanks.

Attached is the original generic form of FPL Connection and Construction
Agreement for your reference.

Ben

 << File: FPL Construction  Connection Agreement Generic.doc >>


Mike McConnell and Enron Community Relations is challenging Corp, EES, EGS (which includes ETS and Global Assets), and EWS to win the Race to Cure Diabetes.

Which business unit  will sell the most shoes?

To participate, donate $5 to any JDRF Team Captain or contact Janice Riedel at x37507.  The donation will represent a $10 contribution (with the company match) toward the research foundation.  Your shoe will be displayed at the Big E Cafe on Friday, October 26th.  Business unit pledge totals can be viewed on the JDRF race track located in the lobby.

Approximately 35 children are diagnosed with diabetes each day.  Even with insulin, this disease results in a drastic reduction in quality of life and shortens the average life span by 15 years.

Researchers are closing in on finding a cure.

The Cure for Juvenile Diabetes is within walking distance.


Thanks Mike let me know what we can do to assist you in this.
RJ

Mike McCracken
03/09/2001 04:20 PM

To:	Kevin Hyatt/ET&S/Enron, Lorraine Lindberg/ET&S/Enron, Eric Faucheaux/ET&S/Enron@Enron
cc:	Earl Chanley/ET&S/Enron@ENRON, Rich Jolly/ET&S/Enron@Enron

Subject:	Red Cedar La Plata

All
We have worked through the missed materials issues the last few days. The one item that could cause problems is the reinforcing sleeve for the hot tap. It is supposed to ship 3/28 via hot shot directly to La Plata. We (construction and inspectors) will be contacting Steel Forgings periodically in the next couple of weeks to make sure they understand we cannot let that item slip.

The control valve should be received to be installed during the outage. I talked to Darrell Schoolcraft today and he is uncomfortable with flowing through the bypass with no control. I told him we would have SCADA to gas control prior to flowing. I spoke to the control valve vendor today and he indicated 2 - 3 weeks to shipment. I also talked to the La Plata team about initiating the work of getting a new point set up in SCADA. They are working on that and some communications issues with the Controls Specialist.

The meter tube should be received the week before the outage and we will have the opportunity to witness the tube / fitting inspection at the shop. That opportunity will be communicated to Red Cedar. This is another vendor we'll be maintaining close contact with.

My heads up to folks earlier in the week was intended to alert everyone that a major issue had come up and the outage dates could be in jeopardy. When I discovered that the Materials group hadn't ordered any pipe, valves, fittings, meter, etc., I felt that people needed to know.

We are back on track now to complete the installation 4/3 - 5 and be ready for service morning of 4/6.

Thanks
Mike


Hello, I think the above deals should be in as Arizona Public Service since
they are transmission deals.  Let me know what you find out.

Thanks alot,
Melissa


FYI.

Marcus, please update me on the status of this matter.

Thanks, Alan
----- Forwarded by Alan Aronowitz/HOU/ECT on 11/09/2000 05:22 PM -----

	klarsen@mwe.com
	11/03/2000 03:25 PM

		 To: alfred.pennisi@enron.com
		 cc: Alan.Aronowitz@enron.com, ppantano@mwe.com, daron@mwe.com,
darezina@mwe.com
		 Subject: ETS Risk Assessment Reporting Memorandum

Dear Al:
As discussed, attached please find our Memorandum concerning ETS's CFTC risk
assessment reporting requirements.  Included in the Memo is a discussion of
the
information we will need from Enron to file such report.  Thank you.

Best regards,
Kari S. Larsen
McDermott, Will & Emery
600 13th Street, N.W.
Washington, DC 20005
Ph:    (202) 756-8374
Fax:  (202) 756-8087
Email:  klarsen@mwe.com

(See attached file: ETS Risk Assessment Report Memo.doc)

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

This message is a PRIVATE communication.   If you are not the intended
recipient, please do not read, copy, or use it, and do not disclose it to
others.  Please notify the sender of the delivery error by replying to this
message, and then delete it from your system.  Thank you.
******************************************************************************
*******

For more information on McDERMOTT, WILL & EMERY please visit our website at:
http://www.mwe.com/

 - ETS Risk Assessment Report Memo.doc


Danny I recommended on monday we cancel it ....ken agreed yesterday.
--------------------------
Sent from my BlackBerry Wireless Handheld (www.BlackBerry.net)


Pavel, Many thanks for your note.

I understand that Digitals are not core Enron business but as you know, I'm
trying to explore Digitals to give, for example, a company a guaranteed
income in year one (to mop up expiring tax losses). This  is offset by a
guaranteed expense in year two. See attached hypothetical example. The
digital will reflect an underlying commodity to which a company is exposed to
and would be part of a price risk management strategy, thereby giving it
'commercial purpose'.

I would be interested in hearing from you generally on the subject --  the
rational for using Digitals and  your knowledge of its use in other markets
(electricity or other commoodity or in the banking sector).

It seems to me that setting the srike is key and a 'value judgement' or am I
wrong, and are there curves and models which could help you substantiate
this? In any event, do you have a feel for what an acceptable % of chance or
likelihood that a commodity price hits the strike on a digital before it
becomes non arm's length and does not pass the smell test?

Vince, Jarek suggested that you may be able to assist. Your views would also
be appreciated.

Gillian.

From: Pavel Zadorozhny on 02/11/2000 15:15 CST
To: Gillian Lockwood/LON/ECT@ECT
cc:

Subject: digitals

Digital options are extremely uncommon in the crude oil market. Nobody ever
asked me to show quotes in the OTC market. The only time we encountered them
was when producers, brought by our marketing team, wanted to sell a
knock-outable swap, whereby they would get a higher swap price in exchange
for cancelling the swap if the price settled below a certain level. This
structure had a digital put embedded in it, although the customers didn't
necessarilly know that. The companies were US oil and gas producers: Venoco,
Titan, Magnum Hunter, Patiena Oil & Gas, Belco, Central Resources. It was
about 1 year ago. In the OTC market, at about the same time, I asked for
quotes to hedge these transactions and sold a digital Cal 00 $16 swaption to
Elf and strips of digital puts to somebody else that I cannot recall.

I hope this helps.

Pavel


Lets discuss Brazil/EI strategy. Rick


when ever you have time , no hurry
thnx
dq

 -----Original Message-----
From: 	Huble, Amanda
Sent:	Wednesday, October 10, 2001 10:08 AM
To:	Quigley, Dutch
Subject:

Do you want your safety glasses?


Here are the cashout entries for 7/00 and 8/00.

July 2000
Deal 157278 ($759.75) excess charge
  $33,992.14 cashout
  $33,232.39 Total
(There is no purchase cashout for 7/00.)

Aug 2000
Deal 157278 $90.18  cashout
  $6,745.50 excess charge
  $6,835.68 Total

Deal 157288 $9,575.45 cashout

Thanks,
Megan


Chip,
I need to have a tape pulled for Ryan Slinger on July 3 at 14:40 and 14:45.  Let me know when you have the time and I will go up with you to pull the tape.
Thanks,
Bill


---------------------- Forwarded by Kay Mann/Corp/Enron on 09/01/2000 12:05
PM ---------------------------

John G Rigby
07/21/1999 06:28 PM
To: Kay Mann/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc:

Subject: Nigeria Tax Issues

---------------------- Forwarded by John G Rigby/ENRON_DEVELOPMENT on
07/21/99 06:30 PM ---------------------------

seyi.bickersteth@ng.arthurandersen.com on 07/20/99 11:10:01 AM
To: Michael Norris/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: John G Rigby/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, James
MacCallon/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT

Subject: Nigeria Tax Issues

We will send our opinion by E-mail today 20/7/99.  I suggest you get the
opinion
first and let us discuss on Wednesday.  I think the process will be easier if
you review our opinion first.

Regards.

Seyi

______________________________________________________________________________
______________________________________________________________

To:     Seyi Bickersteth
cc:     jrigby@ei.enron.com, jmaccal@ei.enron.com
From:   Michael_Norris@ei.enron.com
Date:   07/20/99 02:53 AM
Subject:  Nigeria Tax Issues
______________________________________________________________________________
______________________________________________________________

Seyi,

James MacCallon has now left for Mexico.  I am just returning from India and
must step in where he left off.  I see James has sent a few emails and faxes
to
you but I can find no reply from AA although there is a 14-July email from you
indicating a reply would be sent by 16-July.   Have you sent a reply and I
have
missed it?

Given that the commercial team is now at a critical point and needs to
understand the Nigeria tax implications for the venture and bid, perhaps we
should short-cut this Q&A process and have a conference call.  I would suggest
early AM Tuesday 20th, what works for you?

During the call, John Rigby can provide background on the project then we can
discuss the questions James sent you earlier (12th, 16th-AM, 16th-PM).
Additionally, I would like to confirm whether the attached Nigeria Tax Chart
(TC-NIGE-Elf...) is still valid and touch on the below topics:

   Are construction activities conducted approx. 30-35 miles offshore Nigeria
   subject to Nigeria income tax if paid by a Nigerian client (i.e., Elf
   Petroleum Nigeria, Ltd.)?  I recall from advice AA provided 2nd
quarter-1998
   there is an issue as to whether offshore construction services are
"consumed"
   in Nigeria.
   The bid package suggest Elf will withhold taxes unless Contractor provides
   "official documents unquestionably enacting an exemption from any
withholdng
   in connection with the Contract."  If the offshore Nigeria activities were
   outside Nigeria territorial waters, would it be possible to obtain such an
   exemption certification?
   Is it still necessary for a foreign company to form a Nigerian subsidiary
to
   conduct business in Nigeria?  I recall that at one point Branches need
   special approval which was difficult to obtain but James informed me this
has
   changed.
   Have you commonly seen Nigerian and non-Nigerian companies enter into
   consortiums or contractual joint ventures to execute a construction project
   in Nigeria?  Are there any special issues Enron should be aware of?
   In the past, a company subject to Nigeria net income tax may have fully
   satisfied its tax liability with advance taxes retained by its client.
   However, due to the lack of physical receipts,  there was no allowed credit
   for these advance taxes.  Is this still the case?  Are you familiar with
   contractual language used by the Contractor to protect his tax position and
   ensure receipts are provided in a timely manner?  Elf has suggested it
would
   provide receipts "when they are received from the relevant Tax Authority"
but
   this provides little (or no) comfort based on my prior dealings with
Nigeria.
   The bid package language on VAT is somewhat troubling.  It suggests
   Contractor must furnish a copy of its VAT registration before issuing its
   first invoice.  It goes on to add that VAT which may be legally payable by
   Elf in respect of non-resident Contractor invoices "shall be paid and
   collected in accordance with the applicable Nigerian Tax laws and
   Regulations."  Can you confirm this would not allow Elf to withhold VAT
from
   Contractor under a so called "reverse charge VAT" mechanism?

I look forward to hearing from you.  If wish to call me, my direct line is
713-345-6420.  My fax line is 713-646-7151.

Regards.

(See attached file: TC-NIGE-Elf Amenam-Kpono Project.xls)
---------------------- Forwarded by Michael Norris/ENRON_DEVELOPMENT on
07/19/99
02:12 PM ---------------------------

James MacCallon
07/19/99 01:54 PM

To:   Michael Norris/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc:

Subject:  Fax sent 12 July 1999

---------------------- Forwarded by James MacCallon/ENRON_DEVELOPMENT on
07/19/99 01:49 PM ---------------------------

James MacCallon
07/12/99 10:37 AM

To:   Seyi.bickersteth@ng.arthurandersen.com
cc:

Subject:  Fax sent 12 July 1999

Dear Seyi:

I am sending a copy of the fax sent to you earlier this day.  The attachment
is
a Word 97 document.  Please let me know if you have trouble opening it.

Incidentally, I have had the pleasure of working with you in the past.  Tim
Archer and I met with you a number of years ago regarding the establishment of
an indigenous company which was to provide assistance to M-I Nigeria on
various
levels.  I look forward to working with you again.

James MacCallon

(See attached file: AA&Co_1.doc)

 - TC-NIGE-Elf Amenam-Kpono Project.xls
 - AA&Co_1.doc

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