-----Original Message-----
From: Comnes, Alan
Sent: Wednesday, December 12, 2001 9:11 AM
To: Buerkle, Jim; Foster, Chris H.
Subject: Calpine

Good detail ...

-----Original Message-----
From: Robert Weisenmiller [mailto:rbw@mrwassoc.com]
Sent: Tuesday, December 11, 2001 6:19 PM
To: Comnes, Alan
Subject: fyi

<x-flowed>

 >
 >
 >   Calpine's Credibility Crumbles
 >
 >By Peter Eavis
 >Senior Columnist
 >12/11/2001 06:49 PM EST
 >
 >
 >Calpine (CPN:NYSE - news - commentary - research - analysis) talks and the
 >market walks.
 >
 >The fast-growing power producer received a ton of flak Monday for taking
 >no questions on a conference call designed at rebutting a critical article
 >by The New York Times. Calpine held another call Tuesday -- with the
 >stated aim of discussing talks to renegotiate power sale contracts with
 >the state of California -- and spent more than three hours responding to a
 >range of issues raised by concerned holders and snarky critics.
 >
 >
 >
 >But soon after this marathon gabfest got under way, Calpine stock, already
 >down for the day, plummeted after a series of remarks by executives that
 >the market didn't like. It ended the day down 13% at $15.50, a 52-week low.
 >
 >If Detox had to make a list of why the market biffed Calpine during the
 >call, these would be the reasons:
 >
 >1. Dilution. Calpine executives said they would be willing to issue stock
 >at a low price if cash were needed, and if debt couldn't be issued because
 >it would push the leverage ratio above acceptable levels. (Leverage is
 >here defined as debt to total capital, while capital is debt plus equity
 >and equitylike securities.) The executives didn't say an equity issue was
 >imminent or probable. However, the fact that an offering could be done at
 >a low stock price would make it dilutive for existing shareholders. A big
 >negative. To raise $1 billion at Tuesday's stock price, Calpine would have
 >to issue about 65 million shares, equivalent to 20% of its shares
 >outstanding at the end of the third quarter. Notably, Calpine executives
 >said that they probably wouldn't use an equity issue to pay back a $1
 >billion convertible bond that may need refinancing in April.
 >
 >2. Natural gas assets. Calpine said it could, if it had to, raise $1
 >billion from "monetizing" its natural gas reserves. That would provide the
 >company with cash, but it would put an up-to-date price on the assets that
 >could be well below what Calpine recently paid for them. That might force
 >the company to do a big writedown to equity, which would, in turn, damage
 >leverage ratios. On the call, Calpine executives played down the notion
 >that they may have to do a writedown, saying future gas prices suggest one
 >isn't necessary.
 >
 >Related Stories
 >Calpine Holders Cringe as Cash Questions Swirl
 >Calpine Offers Cold Comfort
 >Calpine Offers Its Side of the Story
 >How Enron Came Undone
 >Dynegy Dives as Enron Won't Go Quietly
 >
 >
 >3. Earnings outlook. Not only did the company say it may have to revise
 >2002 earnings guidance, but it also showed uncertainty about
 >fourth-quarter 2001 earnings. This looks bad for three reasons. First, it
 >suggests that Calpine has more of its business unhedged than investors
 >have believed, leaving the company vulnerable to the slump in power
 >prices. Second, it will add weight to the argument that a glut of power
 >generation capacity is building. Third, and critically for investors
 >looking for a bottom in Calpine stock, a large cut in the 2002 earnings
 >outlook could make the stock look a lot pricier than it is at multiples
 >based on current Street estimates. Analysts currently expect Calpine to
 >make $2.52 a share in 2002, putting the stock on a bargain-basement
 >price-earnings ratio of 6 to 1. But if earnings were to be half that, the
 >P/E would obviously double to 12, which would actually be quite expensive
 >for a company that faces liquidity constraints that could force it to
 >jettison its growth strategy. If Calpine continues to struggle to clear
 >its name, a floor for its stock price may be book value, currently $9 a
share.
 >
 >4. Renegotiating California contracts. Although this was the ostensible
 >subject of the call, too little was said on this issue. The company gave
 >no indication of how much business might be at stake and was reluctant to
 >surmise on how much of a hit it might take from recasting the forward gas
 >purchases made to fuel the power production.
 >
 >5. Accounting issues remain. Calpine revealed on the call that it uses it
 >own in-house method to calculate its leverage. This unorthodox method,
 >which adds $700 million paid for a Canadian gas company to equity, makes
 >the company's leverage ratio look lower than it actually is. At one point
 >on the call, a Calpine executive couldn't detail what was added to net
 >income to get to the company's earnings before interest, taxes,
 >depreciation and amortization (EBITDA) number. This is pertinent because
 >SEC Insight, a research firm that reviews internal Securities and Exchange
 >Commission documents, said in a report Tuesday that the SEC had talked
 >with Calpine about the way it presents its EBITDA number in its SEC-filed
 >financials.
 >
 >6. Bank loans and liquidity. Much time was spent addressing whether
 >Calpine can increase the size of a corporate revolving loan to $1.5
 >billion from $400 million. The company said it thought it could do this in
 >early January. But banks that have gotten burned by lending to Enron
 >(ENE:NYSE - news - commentary - research - analysis) may now be scaling
 >back their energy exposure. What's more, Calpine is trying to raise the
 >size of a corporate loan, implying that the funds aren't needed primarily
 >for construction purposes. Could the need for new cash have arisen within
 >the company's trading operations? Calpine said Tuesday that its
 >counterparties weren't asking for more collateral. But if the trading desk
 >is consuming more, then it's even more unlikely that the banks will
 >increase their credit line, considering the Enron meltdown.

</x-flowed>


With respect to the "amends":

Calpine Power:  was already open for financial-no change to that approval

Utilicorp.:  I originally had Enron sales only for power, but Leslie is now
telling me to open them for all power.

Constellation:  I originally had them shut down for financial, so I am
opening them up.  I originally had them shut down for power and they should
stay shut down.


Attached please find my model for GPG leverage capacity.

If you have any questions, please give me a call at 3-6103.

Ben


---------------------- Forwarded by Sara Shackleton/HOU/ECT on 09/13/99 01:55
PM ---------------------------

SamChawk@aol.com on 09/11/99 07:48:44 PM
To: Sara Shackleton/HOU/ECT@ECT
cc:
Subject: Hi

Sara-  Happy New Year, stranger!   Hope all is well. Do you miss me?   SAM


US Men's Clay Court Championships Downtown Exhibition Event - Today at 12
PM!!!

Today at 12 PM, downtown Houston is hosting a exhibition tennis event on
Texas Avenue in front of Bayou Place featuring Jan-Michael Gambill in honor
of the
US Men's Clay Court Championships being held at Westside Tennis Club this
week.  The event is free and will last approximately 45 minutes.

Please join us for a brownbag concert on Friday, May 4 from 12:00 ) 1:00 p.m.
at Two Allen Center in the Forum (7th floor).  Da Camera presents, &The Ying
Quartet8 performing selected 20th Century chamber pieces.

Also, De Camera is offering a 20% discount to Enron employees to Da Camera,s
200/01 season finale concert, &Celebrating Patronage8 on Saturday, May 6 at
The Wortham Center.

If you are interested, please RSVP to Jessica Nunez at X31918

Do you hate to garden in the summer because everything you plant dies?  Linda
Gay, Director of the Mercer Arboretum and Botanic Gardens in Humble, will
teach us about plants that not only survive, but thrive during the dog days
of Houston summers. Topics will include tropical-looking plants for sun and
shade, gingers, fragrant plants, and drought-tolerant plants.

WHEN:  Tuesday, May 8th, 11:30 a.m. - 12:30 p.m.
WHERE: The Forum, 12th floor of 2 Allen Center

Houston area singles interested in jazz, dessert and classical music can meet
and mingle on Friday, May 4, 2001.

The evening of entertainment begins at 5:30 p.m., with live jazz by the Blue
Monks at Sambuca Jazz Cafes at 909 Texas Avenue.  Complimentary hors
d'oeuvres and a cash bar are available at the pre-concert party.

At 7p.m., you're off to Jones Hall across the street for dessert at the Round
Bar before the Houston Symphony performance at 8 p.m.

David Robertson, Musical America's Conductor of the Year 2000, will lead
Beethoven's idyllic romp through the countryside, Symphony No. 6, Pastoral.
The  program concludes with Prokofiev's patriotic Alexander Nevsky,
originally written for the Eisenstein film of the same name, and the
legendary Battle on the Ice, featuring the Houston Symphony Chorus.

Tickets are $35 and include the pre-concert party at Sambuca, dessert at the
Round Bar in Jones Hall and reserved concert seating.  Pre-paid reservations
are required and space is limited.  Singles only please.  Make your
reservations on-line at www.houstonsymphony.org or call 713 238-1477.

Project Mom @ Friendly Haven on Saturday, May 11th.... in Honor of Mother's
Day!
Join Enron employees at Friendly Haven, a housing assistance program
supported by AFH (AIDS Foundation Houston), for a volunteer project designed
to celebrate Mother's Day.  Approximately 40 single mothers comprise Friendly
Haven's residents and we would like to make the day special for both them and
their children.

Enron volunteers are needed to facilitate a children's craft activity for
Mother's Day presents and also serve a special brunch to all of the mothers
in the program.  This project can be utilized as a team building opportunity
for a department with 15 - 25 employees or individual volunteers may sign up
by contacting Janice Riedel at x37507  - for more information on AFH, visit
http://www.aidshelp.org/programs/housing.htm.

ChildBuilders, Houston's Advocates for Mental Health in Children,  is hosting
a special lunch time event on Tuesday, May 8th from 11 AM - 2 PM, in honor of
Children's Mental Health Awareness Week at Hermann Square, featuring actors
performing vignettes on issues and parenting.  Zydeco music, free soft drinks
and deserts will also be available.

Volunteers will receive a free t-shirt and are needed to publicize the event,
fill balloons, set-up tables and chairs, serve drinks and deserts, and to
assist with clean-up.  To sign up for these jobs, please open and read the
attachment for more specific job descriptions and email the sign-up sheet
with your name, phone number, and email address to Dottie Bates at
dsquareb@msn.com or call (713) 932-8440.

http://home.enron.com:84/messaging/signup.doc

VOLUNTEERS NEEDED FOR 15TH  ANNUAL HOUSTON HOOP-IT-UP MAY 5-6!

The best way to get yourself jump-started for a full year of Hoops.  Become a
part of this jammin,hoops scene with over 1,200 teams & 4,800 players.  Join
us at Greenspoint Mall for a basketball-crazed atmosphere.  Games and special
events being played simultaneously on 110 courts so the basketballs will be
flying HOOP-IT-UP is where you play for FUN.  EVENT BENEFITS THE &ESCAPE
FAMILY RESOURCE CENTER8

SATURDAY )  MAY 5TH 8:00 ) 6:00 PM
SUNDAY )  MAY 6TH 8:00 ) 5:00 PM

For more information please call &Hoop-It-Up Hotline8: 713-521-4535 or
E-Mail: Hoopitup@Texas.Net

Have News to Share?
To post news or events in Enron In Action, please e-mail your information to
EIA@enron.com
no later than 12:00 noon the Thursday prior to the next Monday,s mailing.


I haven't heard a word about this deal lately.  This is why I never throw
anything away.

Kay
---------------------- Forwarded by Kay Mann/Corp/Enron on 08/14/2000 09:07
AM ---------------------------

Tammy L Mulrooney@ECT
08/11/2000 04:59 PM
To: Ray Hoppe/Corp/Enron@ENRON, Greg Hermans/Corp/Enron@Enron, Kay
Mann/Corp/Enron@Enron
cc:

Subject: Form of Commodity Repurchase Agreement

Please find a commodity repurchase agreement that we recieved in for Wheeling
Pitt's slab consignment.  Please review it and we need to discuss further.

Tammy
---------------------- Forwarded by Tammy L Mulrooney/HOU/ECT on 08/11/2000
04:57 PM ---------------------------

LacySR@wpsc.com (Steven R. Lacy) on 08/11/2000 06:48:55 AM
To: Tammy.L.Mulrooney@enron.com
cc:
Subject: Form of Commodity Repurchase Agreement

     Tammy,

     Attached is a draft form of Commodity Repurchase Agreement. Tom and I
     will send you the other information later this morning.

     Steve
 - commodit.doc


Attention Fantasy Members! It's time to get an early start on that New Year's resolution. MVP.com is offering FREE Standard Shipping in our Fitness Shop until 1/17/02. Click here to see what we have to offer.  Save $.05 a gallon on the gas that keeps your car's engine clean. Click here to apply online.  Win a VIP Vegas Vacation! OR Win $600 CASH!   [IMAGE]Brought to you by    You are receiving these e-reports because you have signed up for CBS SportsLine.com Fantasy Football.  To customize, reschedule, or turn off these reports please  click here   [IMAGE]Standings,   ');   Make your picks here for a shot at [IMAGE]one million dollarswith SportsLine.com's Office Pool Challenge. Now only [IMAGE]5 dollars!  [IMAGE]Standings for Week 16                 [IMAGE]Points by Week  [IMAGE]Player [IMAGE]1 [IMAGE]2 [IMAGE]3 [IMAGE]4 [IMAGE]5 [IMAGE]6 [IMAGE]7 [IMAGE]8 [IMAGE]9 [IMAGE]10 [IMAGE]11 [IMAGE]12 [IMAGE]13 [IMAGE]14 [IMAGE]15 [IMAGE]16 [IMAGE]Total Richard Smith 88 74 64 97 74 30 78 82 108 70 64 86 94 98 94 66 1267 Pancho & Lefty 92 77 75 83 72 30 61 77 106 76 78 86 98 95 104 53 1263 Kurt Sommer 76 75 77 90 63 18 76 79 98 79 82 93 95 97 97 64 1259 George Nemetz 92 79 70 83 58 20 76 83 97 60 90 86 106 99* 102 52 1253 ken dropek 92 76 59 104* 62 30 76 70 97 62 72 89 97 95 106 65 1252 jim snow 79 73 51 83 58 38 73 78 92 75 105* 85 117* 78 98 68 1251 Matt Nowak 94 66 59 84 51 30 72 88* 99 77 73 98* 104 95 101 57 1248 Scott Stevenson 82 74 72 93 57 54* 70 80 76 86 91 69 108 82 94 57 1245 Joe Ramirez 95 77 66 89 63 24 68 75 94 74 53 97 114 91 98 51 1229 Jeff Ullrich 89 70 56 96 60 30 68 77 102 73 61 85 107 97 100 57 1228 Jeff Gerl 95 71 70 97 76 20 64 80 97 56 75 88 108 85 93 49 1224 Brad Bernhard 100* 68 69 89 66 24 73 74 98 61 73 86 109 87 90 55 1222 howie olund 73 61 70 90 67 29 77 78 93 85 83 79 70 92 90 72* 1209 Cross Creek 64 80 74 83 68 30 84 77 63 87* 86 82 94 68 100 62 1202 Benjamin Day 100* 63 59 93 73 28 62 72 109* 78 68 80 106 72 84 54 1201 N Nemetz 86 76 59 72 87* 26 62 58 101 76 76 85 88 97 94 46 1189 Brian Dunlavy 92 79 61 86 52 27 66 75 102 62 75 81 88 88 90 62 1186 Kevin Crawford 90 62 65 99 71 19 68 66 78 62 66 87 97 75 93 50 1148 B Williams 91 68 62 85 73 24 65 84 91 65 61 90 89 74 82 42 1146 Pete Riepe 85 75 59 103 64 20 70 67 90 64 38 89 96 85 82 50 1137 Tim O'Neill 78 71 62 88 72 30 59 0 104 76 77 90 99 55 95 60 1116 george taffet 73 77 57 89 43 0 74 66 66 47 74 75 89 73 103 54 1060 Touchdown Sam 88 70 62 82 63 21 92* 61 84 79 89 90 95 70 0 0 1046 Charles Lobue 100* 48 75 82 48 6 74 75 100 65 74 0 97 89 108* 0 1041 Randall Riepe 90 70 55 94 56 19 66 68 93 59 53 75 82 59 0 69 1008 Terry Johnson 95 80 67 96 66 20 66 79 103 66 64 88 107 0 0 0 997 joe berwick 85 73 65 86 61 0 72 72 92 57 85 0 98 0 0 60 906 Dutch Quigley 81 46 78* 76 82 26 73 84 71 78 0 40 50 0 62 0 847 Larry Corbin 81 81* 69 0 80 25 74 65 100 64 0 70 0 0 92 0 801 david lawson 86 55 66 81 72 18 79 65 88 65 66 0 0 0 0 0 741 Clay Corbin 73 60 50 0 57 27 59 0 82 71 0 40 0 0 88 0 607 Brian Johansen 89 58 53 77 85 0 0 0 0 0 0 0 0 0 0 0 362 Randall Riepe 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 * = Highest point total for the week  [IMAGE]Scouting Reports, NFL Standings  '); [IMAGE]AFC East [IMAGE]Team [IMAGE]W [IMAGE]L [IMAGE]T [IMAGE]PF [IMAGE]PA [IMAGE]Home [IMAGE]Road [IMAGE]NFC [IMAGE]AFC [IMAGE]Div [IMAGE]Strk Miami Dolphins 10 5 0 310 283 6-1 4-4 2-2 8-3 4-3 W1 New England Patriots 10 5 0 333 266 6-2 4-3 2-1 8-4 6-2 W5 New York Jets 9 6 0 284 273 3-5 6-1 2-2 7-4 5-3 L1 Indianapolis Colts 5 10 0 384 476 2-5 3-5 1-3 4-7 3-5 L2 Buffalo Bills 3 12 0 258 386 1-7 2-5 1-3 2-9 1-6 W1 [IMAGE]AFC Central [IMAGE]Team [IMAGE]W [IMAGE]L [IMAGE]T [IMAGE]PF [IMAGE]PA [IMAGE]Home [IMAGE]Road [IMAGE]NFC [IMAGE]AFC [IMAGE]Div [IMAGE]Strk Pittsburgh Steelers 12 3 0 324 205 6-1 6-2 3-0 9-3 6-3 L1 Baltimore Ravens 9 6 0 284 262 5-2 4-4 1-2 8-4 6-4 L1 Cleveland Browns 7 8 0 278 291 4-4 3-4 1-2 6-6 5-4 W1 Tennessee Titans 7 8 0 315 365 3-4 4-4 3-1 4-7 3-6 L1 Jacksonville Jaguars 6 9 0 281 253 3-5 3-4 1-1 5-8 5-5 L1 Cincinnati Bengals 5 10 0 203 288 4-4 1-6 1-2 4-8 3-6 W1 [IMAGE]AFC West [IMAGE]Team [IMAGE]W [IMAGE]L [IMAGE]T [IMAGE]PF [IMAGE]PA [IMAGE]Home  [IMAGE]Road [IMAGE]NFC [IMAGE]AFC [IMAGE]Div [IMAGE]Strk Oakland Raiders 10 5 0 377 303 5-2 5-3 3-1 7-4 6-2 L2 Seattle Seahawks 8 7 0 280 306 5-2 3-5 1-3 7-4 4-3 W1 Denver Broncos 8 7 0 330 310 6-2 2-5 3-1 5-6 4-4 W1 Kansas City Chiefs 6 9 0 302 323 3-5 3-4 1-3 5-6 4-3 W3 San Diego Chargers 5 11 0 332 321 4-4 1-7 2-2 3-9 1-7 L9 [IMAGE]NFC East [IMAGE]Team [IMAGE]W [IMAGE]L [IMAGE]T [IMAGE]PF [IMAGE]PA [IMAGE]Home  [IMAGE]Road [IMAGE]NFC [IMAGE]AFC [IMAGE]Div [IMAGE]Strk Philadelphia Eagles 10 5 0 326 195 4-4 6-1 7-4 3-1 6-2 W1 Washington Redskins 7 8 0 236 286 3-4 4-4 5-6 2-2 3-4 W1 Arizona Cardinals 7 8 0 278 323 3-5 4-3 4-7 3-1 2-5 W2 New York Giants 7 8 0 269 287 5-2 2-6 5-6 2-2 4-4 L1 Dallas Cowboys 5 10 0 236 323 4-4 1-6 5-6 0-4 4-4 W1 [IMAGE]NFC Central [IMAGE]Team [IMAGE]W [IMAGE]L [IMAGE]T [IMAGE]PF [IMAGE]PA [IMAGE]Home [IMAGE]Road [IMAGE]NFC [IMAGE]AFC [IMAGE]Div [IMAGE]Strk Chicago Bears 12 3 0 305 190 6-1 6-2 10-2 2-1 6-2 W3 Green Bay Packers 11 4 0 356 241 7-1 4-3 8-3 3-1 6-2 W2 Tampa Bay Buccaneers 9 6 0 311 263 5-2 4-4 7-4 2-2 4-4 W2 Minnesota Vikings 5 10 0 287 371 5-3 0-7 4-8 1-2 3-5 L3 Detroit Lions 1 14 0 255 414 1-6 0-8 1-10 0-4 1-7 L2 [IMAGE]NFC West [IMAGE]Team [IMAGE]W [IMAGE]L [IMAGE]T [IMAGE]PF [IMAGE]PA [IMAGE]Home  [IMAGE]Road [IMAGE]NFC [IMAGE]AFC [IMAGE]Div [IMAGE]Strk St. Louis Rams 13 2 0 472 260 5-2 8-0 9-2 4-0 6-1 W5 San Francisco 49ers 11 4 0 371 282 7-1 4-3 7-4 4-0 5-2 L1 New Orleans Saints 7 8 0 333 371 3-4 4-4 5-6 2-2 4-3 L3 Atlanta Falcons 7 8 0 278 346 3-5 4-3 6-5 1-3 3-4 L1 Carolina Panthers 1 14 0 247 372 0-7 1-7 1-11 0-3 0-8 L14  [IMAGE]Scouting Reports, Player Updates  '); Latest NFL Player News  [IMAGE]Seahawks, DT SEA  Updated 12/31/01 CB Shawn Springs did not make the trip to San Diego for Sunday's game against the Chargers. He has yet to be added to the team's active roster, and is questionable for Week 17 against Kansas City.   [IMAGE]Martin Gramatica, K TB  Updated 12/31/01 Gramatica missed Saturday's game against Baltimore due to a leg injury. He will attempt to practice on Wednesday, but early indications seem to point to Doug Brien handling the kicking duties in Week 17.  [IMAGE]Frank Wycheck, TE TEN  Updated 12/31/01 Wycheck left Sunday's game against Cleveland in the first quarter due to a thigh bruise. He did not return to the game and is listed as day to day.   [IMAGE]Matt Hasselbeck, QB SEA  Updated 12/31/01 According to the Seattle Post-Intelligencer , Hasselbeck (shoulder) hopes to play in Seattle's season finale. However, it seems more likely that Trent Dilfer will start for the second consecutive week.  [IMAGE]Joe Jurevicius, WR NYG  Updated 12/31/01 Jurevicius suffered bruised ribs during Sunday's game against Philadelphia. He was able to finish the contest, but was held to only one catch for 18 yards.   [IMAGE]Tiki Barber, RB NYG  Updated 12/31/01 Barber suffered a slightly sprained ankle during Sunday's game against Philadelphia. He was able to finish the contest, and compiled 158 all-purpose yards in the Giants' 24-21 loss.   [IMAGE]Stephen Davis, RB WAS  Updated 12/31/01 Davis suffered a sprained ankle during Sunday night's win over New Orleans. He was removed from the game for precautionary measures, and is expected to start in Week 17 against Arizona.   [IMAGE]Correll Buckhalter, RB PHI  Updated 12/31/01 Buckhalter suffered an ankle injury during Sunday's 24-21 win over the N.Y. Giants. The rookie tailback is listed as day to day.  [IMAGE]Travis Minor, RB MIA  Updated 12/31/01 Minor got most of the carries during Sunday's 21-14 win over Atlanta. The rookie compiled 98 all-purpose yards and a touchdown in the game, and may have overtaken Lamar Smith as Miami's featured back.   [IMAGE]Amos Zereoue, RB PIT  Updated 12/31/01 Zereoue suffered a shoulder injury during Sunday's game against Cincinnati. He left in the first quarter and did not return to the contest. He is listed as day to day.   [IMAGE]Fred Baxter, TE CHI  Updated 12/31/01 Baxter suffered a sprained ankle during Sunday's 24-0 win over Detroit. He is listed as day to day.   [IMAGE]Isaac Byrd, WR CAR  Updated 12/31/01 Byrd suffered a concussion and a leg bruise during Sunday's 30-7 loss to Arizona. He may be listed as questionable for Week 17 against New England, but he's day to day at this point.   [IMAGE]Donald Hayes, WR CAR  Updated 12/31/01 Hayes suffered a sprained ankle during Sunday's game against Arizona. He could be listed as questionable for Week 17 against New England, but he's day to day at this point.   [IMAGE]Reggie Kelly, TE ATL  Updated 12/31/01 Kelly suffered a shoulder injury during Sunday's 21-14 loss to the Miami Dolphins. He was unable to return to the game, and is listed as day to day.   [IMAGE]Chris Chandler, QB ATL  Updated 12/31/01 Chandler left Sunday's game against Miami in the second quarter after suffering an injury to his right elbow. X-rays were negative, but Chandler did not return to the game. He is listed as day to day.   [IMAGE]Oronde Gadsden, WR MIA  Updated 12/30/01 Gadsden (hamstring) started Sunday's game against Atlanta.   [IMAGE]Muhsin Muhammad, WR CAR  Updated 12/30/01 Muhammad (toe) has been deactivated for Sunday's game. Isaac Byrd will start in his place.   [IMAGE]Wesley Walls, TE CAR  Updated 12/30/01 Walls (knee) has been declared inactive for Sunday's game. Kris Mangum will start in his place.   [IMAGE]Todd Bouman, QB MIN  Updated 12/30/01 Bouman has been deactivated for Sunday's game. Spergon Wynn will start in his place.   [IMAGE]Dez White, WR CHI  Updated 12/30/01 White has been declared inactive for Sunday's game. David Terrell is expected to start in his place.   [IMAGE]James Stewart, RB DET  Updated 12/30/01 Stewart has been deactivated for Sunday's game. Lamont Warren will start in his place.   [IMAGE]Mike McMahon , QB DET  Updated 12/30/01 McMahon will not play on Sunday. Ty Detmer will start in his place.   [IMAGE]Jerome Bettis, RB PIT  Updated 12/30/01 Bettis has been declared inactive for Sunday's game against the Bengals. Chris Fuamatu-Ma'afala will start in his place.   [IMAGE]Jay Fiedler, QB MIA  Updated 12/29/01 Fiedler has been added to Miami's injury report with a sore throwing elbow. He is listed as probable for Sunday's game against Atlanta, and is expected to start.  If you're desperate for a quarterback, Fiedler's matchup vs. the Falcons is a good one.   [IMAGE]Steve McNair, QB TEN  Updated 12/29/01 McNair was excused from practice on Friday due to a family illness. He is listed as questionable for Sunday's game against Cleveland, but he's expected to start.   [IMAGE]Larry Foster, WR DET  Updated 12/29/01 Foster (thigh) is expected to play in Sunday's game against Chicago. However, he is far too risky to start at this point in the Fantasy season.   [IMAGE]Bert Emanuel, WR DET  Updated 12/29/01 Emanuel (knee) is expected to play on Sunday against Chicago. However, he's too risky to start at this point in the Fantasy Football season.   [IMAGE]Muhsin Muhammad, WR CAR  Updated 12/29/01 Muhammad (turf toe) will not play this week, and may miss the rest of the season. Isaac Byrd will likely start in his place again.   [IMAGE]Seahawks, DT SEA  Updated 12/29/01 CB Shawn Springs, who was suspended for the past four games, will not start on Sunday against San Diego. He may play a reserve role, however, but his playing time will likely be limited.   [IMAGE]Todd Bouman, QB MIN  Updated 12/29/01 Bouman will miss Sunday's game against Green Bay due to a thumb injury. Spergon Wynn will start in his place.   More Updates   Copyright 2001 Commissioner.COM Inc and SportsLine.com Inc. Your site can be reached from http://fantasy.sportsline.com  FB40SP


On Monday, September 11, Jean McFarland will meet with our team to briefly
give an overview of the upcoming installation of Windows 2000.    We will try
to devote the last 15 minutes of staff meeting time to Jean.   Unlike the
conference room on the 42nd floor, we will have to be out of EB-4102 by
10:45am for Julia's Staff Meeting.    This will mean giving abbreviated
reports.

Please place this date and time on your calendars.

Thanks in advance,

adr


Have you solicited comments fromo EES?
---------------------- Forwarded by Steven J Kean/HOU/EES on 08/15/2000 08:00
AM ---------------------------

	Enron Energy Services

	From:  Ginger Dernehl                           08/14/2000 11:41 AM
	Phone No: 713 853-7751

To: Government Affairs
cc: Information & Administration, Regulatory Risk Analysis & Competitive
Analysis
Subject: Request for Comments

Please see the attached e:mail below from Nancy Hetrick and respond directly
to her.

thanks

gngr
---------------------- Forwarded by Ginger Dernehl/HOU/EES on 08/14/2000
11:40 AM ---------------------------

Nancy Hetrick
08/14/2000 11:15 AM

To: Ginger Dernehl/HOU/EES@EES
cc: Jeff Brown/HOU/EES@EES
Subject: Request for Comments

Ginger, would you please forward the following request to the State Goverment
Affairs group for me.  Thanks.

Attached for your review and comments is the second group of recommended
practices worked on by the UBP group.  The Suppliers that have participated
in the UBP plan to submit joint comments to this report and I would like to
be able to incorporate any comments that individuals in Enron's State
Government Affairs Group may have into the overall Supplier comments.  In
order to meet the deadline for comments, I need to receive your comments no
later than noon, August 28th.  The best way to submit these comments is by
red-lining the actual document.

You can also review and download the entire UBP report, including the
finalized chapters and the chapters "out for comments", on
http://www.ubpnet.org/workshop/download.htm.

Please feel free to contact me (712-366-3399 or pager 888-912-1426) if you
have any questions.  Thanks for your time and consideration.


Sheila,

If you are working on this I think it makes more sense for you to have Ed
handle the CA.  I don't want to get in the middle.

Thanks,

Kay
---------------------- Forwarded by Kay Mann/Corp/Enron on 02/26/2001 05:55
PM ---------------------------

Fred Mitro@ECT
02/23/2001 02:01 PM
To: Kay Mann/Corp/Enron@Enron
cc: Ben Jacoby/HOU/ECT@ECT, Kathleen Carnahan/NA/Enron@Enron, Sheila
Tweed/HOU/ECT@ECT

Subject: CA - Onondaga

Kay:

Ben and I are working on a deal that involves the monetization of a Cash Flow
Interest which ENA currently holds in Onondaga Cogeneration L.P. (an 80 MW
combined cycle plant in NY state)

We would like to begin discussions next week with parties interested in
purchasing ENA's interest in OCLP.  Please prepare a form CA and forward to
Ben and I so that we may forward it to the interested counterparties.  We
also need one draft CA prepared for the following counterparty:

 Trust Company of the West

Sheila has inititated the process of assigning the Cash Flow Interest from
ENA into an LLC.

Call me if you wish to discuss.

Fred


Will you cehck this out and see if it is for real?  Also, did you talk to the
day care about watchmegrow.com?
PL

---------------------- Forwarded by Phillip M Love/HOU/ECT on 01/29/2001
10:46 AM ---------------------------

Julie Meyers
01/24/2001 10:33 AM
To: Elizabeth L Hernandez/HOU/ECT@ECT, Phillip M Love/HOU/ECT@ECT, Gary W
Lamphier/HOU/ECT@ECT, Janet H Wallis/HOU/ECT@ECT
cc:
Subject: Fwd:FW: drug recall

I don't know if this is true but I know I am going to check it out for
myself.

Subject: all drugs containing Phenylpropanolamine are being recalled

A friend sent this to me and I just wanted to pass it on. I know I'm going
to clean out my medicine chest. Before I forwarded this message to anyone I

wanted to make sure that the information was true.  I checked with Rachel's

pediatrician and she verified that all drugs containing Phenylpropanolamine

are being recalled. I also happened to be at CVS Pharmacy and they have a
sign stating that all drugs containing Phenylpropanolamine have been pulled

from their shelves.

You  may want to try calling the 800 number listed on most drug boxes and
inquire about a refund.

Please read this carefully, as I know that some of you use some of these
drugs (Alka Seltzer Plus for one).  Also, please pass this on to everyone
you know.

Stop taking anything containing this ingredient. It has been linked to
increased hemorrhagic stroke (bleeding in brain) among women ages 18-49 in
the three days after starting use of medication. Problems were not found in

men, but the FDA recommended that everyone (even children) seek
alternative medicine. The following medications contain
Phenylpropanolamine:

Acutrim Diet Gum Appetite Suppressant Plus Dietary Supplements
Acutrim Maximum Strength Appetite Control
Alka-Seltzer Plus Children's Cold Medicine Effervescent
Alka-Seltzer Plus Cold medicine (cherry or orange)
Alka-Seltzer Plus Cold Medicine Original
Alka-Seltzer Plus Cold & Cough Medicine Effervescent
Alka-Seltzer Plus Cold & Flu Medicine Effervescent
Alka-Seltzer Plus Cold & Sinus Effervescent
Alka Seltzer Plus Night-Time Cold Medicine Effervescent
BC Allergy Sinus Cold Powder
BC Sinus Cold Powder
Comtrex Deep Chest Cold & Congestion Relief
Comtrex Flu Therapy & Fever Relief Day & Night
Contac 12-Hour Cold Capsules
Contac 12 Hour Caplets
Coricidin D Cold, Flu & Sinus
Dexatrim Caffeine Free
Dexatrim Extended Duration
Dexatrim Gelcaps
Dexatrim Vitamin C/Caffeine Free
Dimetapp Cold & Allergy Chewable Tablets
Dimetapp Cold & Cough Liqui-Gels
Dimetapp DM Cold & Cough Elixir
Dimetapp Elixir
Dimetapp 4 Hour Liquid Gels
Dimetapp 4 Hour Tablets
Dimetapp 12 Hour Extentabs Tablets
Naldecon DX Pediatric Drops
Permathene Mega-16
Robitussin CF
Tavist-D 12 Hour Relief of Sinus & Nasal Congestion
Triaminic DM Cough Relief
Triaminic Expectorant Chest & Head Congestion
Triaminic Syrup Cold & Allergy
Triaminic Triaminicol Cold & Cough

I just found out and called the 800# for Triaminic and they
informed me that they are voluntarily recalling the following medicines
because of a certain ingredient that is causing strokes and seizures
in children.

Orange 3D Cold & Allergy
Cherry (Pink) 3D Cold & Cough
Berry 3D Cough Relief
Yellow 3D Expectorant

They are asking you to call them at 800-548-3708 with the lot number on the

box so they can send you postage for you to send it back to them, and they
will also issue you a refund.

If you know of anyone else with small children, please pass this on.
_


From time to time we have applicants from other shops that interview with our desk for RT trading, scheduling, or other positions.
If you recognize someone from another firm,  or know who they are,  do not discuss their interest in Enron with anyone else.

Recently,  we have had two applicants who have reported that others at their firm knew that they had interviewed with Enron.  Both felt that someone in this shop had discussed their visit here.    Totally unacceptable.     I have to ensure that this information is not coming from  my group, hence this note.

Common sense would dictate that discretion is necessary in these situations.   If you have any feedback on this situation I would like to hear it.

Thanks for your attention to this very important issue.

JForney


Stacey,

Please include me on the list for Tuesday's brown bag with Jen Fraser.

Thanks,
Susan


Regarding your memo below, following is a status on those items:
1, 2:  The pricing and consistency in pricing for handling intra-month
changes does appear to be an issue.  Since the contract didn't spell out in
detail location by location pricing (and I think intentionally so), we
believe the best way to handle this for April forward is to agree monthly
(during bid week) of the process and pricing for each location.  I know Chris
Germany has prepared a proposal that I think he has discussed (generally, not
specific numbers) with Brian, Doug and Charlie.  I will ask that he forward
this proposal TODAY and finalize the process for April ASAP.  Let me know if
you do not think a monthly process of agreeing to the changes is sufficient.

3.  Local production - unfortunately I think we have opened a can of worms
here.   Here is what is happening:  Your people are nominating this
production (we are not even set up to do behind the citygate nominations),
but the contracts were assigned to us in the Wholesale transaction.  That
means they were valued by us and put into our system at a value.   We are
reviewing this detail now and are finding quite a few discrepancies between
the prices that were listed on the Wholesale Deal List and the actual
contract prices with the producers.  So, this is one issue we will have to
address as indemnification items.  That's problem one.  Problem two is that I
am assuming you all would like this production back since you are doing all
the nominations.  We need to work on a solution for doing this (if that is
what you want).  For Jan, Feb & Mar, however, it appears that we will be the
ones paying the producers, so we will need to get volume information from
your schedulers in order to get this billed and payed for properly.   I'll
follow up with more information on this in the next couple of days.

4.  Monthly invoices - regarding the pipeline demand charges, it sounds like
Chris has been trying to verify all the charges before he sends copies of the
pipeline invoices on to you.  Maybe we should change this process to one
where he sends them to you as soon as he gets them instead of waiting on his
confirmation and review of all the charges.  This means you may see quite a
bit of incorrect data, but at least you'll have something.  Let us know what
you would prefer.  Regarding the January invoice specifically, I do know that
the Columbia Gulf and Columbia Gas packet of pipeline invoices was mailed to
your office yesterday, March 29.  Chris will get all remaining demand charge
statements to your office by Wednesday, April 5, and all corrections he is
aware of as of this date by Friday, April 7.  I apologize for the delay.

5.  Swap confirmations - I spoke with Jeff Hodge and he believes he has a
packet of all the confirms--he is in Calgary today and will be back on
Monday.  Is that soon enough for this to be sent to you?  If not, please
advise and I'll see if his assistant can search for this data.

Thanks for clarifying the storage proxy schedule with the remaining inventory
balances.

mflewellyn@columbiaenergygroup.com on 03/28/2000 12:43:55 PM
To: " - *colleen.sullivan@enron.com" <colleen.sullivan@enron.com>
cc:
Subject: storage clarification & issues

I forgot the storage attachment ...
---------------------- Forwarded by Melissa Flewellyn/CES/ColumbiaGas on
03/28/2000 01:42 PM ---------------------------

Melissa Flewellyn
03/28/2000 01:32 PM

To: colleen.sullivan@enron.com@internet
cc:
Subject: storage clarification & issues

Colleen,

Attached is an updated storage proxy schedule for COH and AGL showing what our
balance will be as of April 1, 2000.  As always, if you have any questions,
please let me know.  I'm sending a copy of the document to Denny Pick for
signature and will then send it to Jeff Hodge to get signature from Enron.

Aside from the storage issue, there are several other items that we need to
discuss.  Below is a brief description of each.  Please let me know how you
think we could best deal with these - whether it's via phone call or having an
in-person meeting down in your office.

1.  Pricing - I left you a message about this last week.  According to Chris
Germany, all changes to volumes after first-of-the-month must me negotiated.
In the contract, however, it specifically refers to pricing intra-month using
gas daily OR negotiated pricing depending on the timing of the change.

2.  Consistency - During our discussions with Chris, it sounds as though some
pipes are being handled differently than others again as it relates to
intra-month changes.  I'd just like to make sure that we agree on the pricing
mechanism and then apply it consistently.

3.  Local production - Apparently there was local production that John Singer
purchased specifically to back Retail customers, and this production was not
removed from the Wholesale book prior to the sale.  We need to discuss how to
handle this production.

4.  Monthly invoices - We still haven't seen the complete January 2000
invoice.  As I understand it, the demand charges have not all been sent over,
and several items that need to be changed haven't yet been changed.  Also,
Brian Perrone and Charlie Dalphon have indicated that they have requested
back-up documentation on the demand charges, but we still haven't received
anything.

5.  Swap confirmations - For all of the swaps that Clay Deaton put in place
with Enron to keep Retail's existing hedge positions in tact, I still do not
have executed copies of all of the confirmation agreements.  Rich Contos and I
have both called several people about getting a complete set of copies, but we
can't seem to find the right person over there.

Whenever you have time to discuss these, please let me know.

Thanks,

Melissa

 - storage proxy.xls


I discussed the work permit issue with the UK and they agree we need to apply
as quickly as possible - especially for you, Brent, as it usually takes 4
weeks.  Please complete this form as quickly as possible (Brent, for you
today would be great!) and email to Tara Rozen.  They can then file on
Friday.  If the permit is not in by April 1, we suggest you arrive without
your family until the permit is approved.

Jane


Email and phone conversation at the same time!


Tara and Matt,

Following is list of error message for west pl 5/19/2001 - 5/21/2001 as of this morning --

Pipeline Name				Msg_Received_DTM		Msg_Desc			Status
----------------------				------------------------------------	--------------------------		-----------------------------------
Kern - Cycle 1				05/20/2001 5:52:17 PM		HTTP/1.0 500 Server Error 	Job failed
Kern - Cycle 2				05/20/2001 11:22:36 PM		HTTP/1.0 500 Server Error 	Job failed
Kern - Cycle 3				05/20/2001 10:11:16 PM		HTTP/1.0 500 Server Error 	Job failed
Kern - Cycle 4				05/19/2001 10:22:27 PM		HTTP/1.0 500 Server Error 	Job failed
Kinder Morgan Points D - Cycle 2	05/20/2001 12:22:31 AM		Exclude found in file		Job failed
Kinder Morgan Points R - Cycle 2	05/20/2001 12:22:31 AM		Exclude found in file		Job failed
Kinder Morgan Points S - Cycle 2	05/20/2001 12:22:31 AM		Exclude found in file		Job failed
Northwest - Cycle 6			05/20/2001 8:39:05 PM		HTTP/1.0 500 Server Error	Job failed
Transcolorado Points D - Cycle 2		05/20/2001 12:22:31 AM		Exclude found in file		Job failed
Transcolorado Points R - Cycle 2		05/20/2001 12:22:31 AM		Exclude found in file		Job failed
Transcolorado Points S - Cycle 2		05/20/2001 12:24:19 AM		Exclude found in file		Job failed

Finding and solution ---

Kern's site has such error message "Error 500--Internal Server Error", the site is still down this morning;
Kinder Morgan's site was down on 05/19 and 05/20, the job were reset by Chris on Sun, 5/19's data is not captured due to 1line Williams site's problem;
Northwest's site has such error message "Error 500--Internal Server Error", the site is still down this morning;
Transcolorado's site was down on 05/19 and 05/20, the job were reset by Chris on Sun, 5/19's data is not captured due to 1line Williams site's problem.

Eddie


I have entered the following deals into Sitara for October:

Camden Resources Inc. @ mtr 9858, 3000/day #420113  (This counterparty is not
currently in the system)
North Central Oil Corporation @ mtr 5228, 3000/day #420114

These deals have not been finalized as of yet.  But, I have entered them to
assist us with managing our postion and scheduling the pipe.  Let me know if
you have any quesitons.

D


Please open and read the attached Memorandum, then return to
this email for the Team Selection form named: MTAYLOR.doc
and the Sample Participant Letter.

Thank You.

 - Class 1500 TS Sample Participant Letter.doc
 - MTAYLOR.doc
 - Class 1500 TS Memorandum.doc


Last 30 day trade count, by 4:00 pm:

TRADE DATE	TRADE CNT
10/3/2001	5953
10/4/2001	6487
10/5/2001	5854
10/6/2001	17
10/7/2001	53
10/8/2001	5117
10/9/2001	5280
10/10/2001	6261
10/11/2001	5950
10/12/2001	6107
10/13/2001	16
10/14/2001	19
10/15/2001	5428
10/16/2001	7155
10/17/2001	7425
10/18/2001	7654
10/19/2001	7988
10/20/2001	4
10/21/2001	34
10/22/2001	7916
10/23/2001	8567
10/24/2001	8001
10/25/2001	8405
10/26/2001	6792
10/27/2001	12
10/28/2001	8
10/29/2001	7152
10/30/2001	5761
10/31/2001	7141
11/1/2001	6575
11/2/2001	5853

Last two weeks, by counterparty:


Please take the precautions you believe are appropriate.
---------------------- Forwarded by Richard B Sanders/HOU/ECT on 12/20/99
11:19 AM ---------------------------

	Enron North America Corp.

	From:  Rick Causey @ ENRON                           12/16/99 06:17 PM

Sent by: Enron Announcements@ENRON
To: All Enron Worldwide
cc:
Subject: Important Y2K Computer Precautions

Enron's business unit Y2K teams have done an exceptional job preparing for
Y2K.  Approximately 3,400 employees and contractors have been involved in
assessing more than 75,000 systems, 45,000 embedded systems, and 20,000
external entities.  In addition, more than 2,900 employees and contractors
will be dedicating some of their time over the millennium weekend to retest
systems and to ensure continued operations as part of our contingency
planning program.

As a final measure, the Corp. Y2K project office recommends that you take the
following precautions to protect your desktop computers and PC applications:

Make diskette backups of critical documents and data kept locally on your PC.

Consider making printouts of the following:
Staff listings and contact numbers
Internal and external contact lists
Personal calendar details and &to do8 lists for January
Frequently used standard electronic templates and forms

For important business information such as contracts, processes and
procedures, diagrams, and curves, your Y2K teams are making preparations to
retain hard copies.  If you are unsure whether this is being done, please
contact your local Y2K coordinator.

Ensure adequate supplies of paper, toner, and diskettes are stocked prior to
the last week in December.

Unless specifically told otherwise by your local Y2K team, be sure to do the
following before leaving the office for the last time in 1999:
 Log off. For most users, follow normal procedures and choose "Close all
programs and log on as a different user8 when leaving for the night.
 Leave PC turned on.
Following these procedures will allow the network teams to download virus
patches to your PCs over the millennium weekend.
For many laptop users, or for those in doubt, leave your PCs turned off until
you return to work and can log in to the network.  If this is not possible,
be sure to follow the backup procedures recommended above.

After December 31, carefully review output from applications (primarily
spreadsheets, local database applications, and documents with macros).  We
have encountered problems with older applications and macros that use hard
coded two digit years.  Be sure to double check output, and question data
that does not &seem right.8

To protect against viruses, e-mail with attachments will be quarantined
beginning on December 31.  E-mail without attachments will be delivered as
usual.  Those with low-risk (non-executable) attachments will be delivered
after a brief delay of approximately 15 minutes. Delivery of e-mail with
executable attachments (those with the extension ".exe" and possibly ".zip")
may be delayed indefinitely. Consistent with normal business practices, avoid
downloading anything from the Internet.

We have done a considerable amount of work preparing for Y2K, and we hope you
will help minimize any impact the calendar rollover could have on personal
computer systems.  Thank you for your assistance.


This morning after I left home, my son Joshua had a fever convulsion and passed out.   Zane called 911 and believing Josh wasn't breathing, gave him mouth to mouth until his breathing stabilized.     Josh is okay now, but he has a severe inner ear infection.      The emt's sent Zane to our pediatricians office, where they immediately examined Josh and did blood work.     His white blood count is extremely elevated, which apparently is normal after the trauma of a seizure after such a fever spike.    They are home now, but my husband is quite shaken and so am I.    I'm not really up to discussing this today.

To make a long story short, I plan to catch the 2:30 p.m. bus home today.    I will be back in tomorrow at 7:00 a.m. and at full speed.   I apologize for any inconvenience this may cause.

Alice Wright
Enron Wholesale Services - Legal
1400 Smith St., EB3809A
Houston, Texas 77002
Tel:  713-853-5438
Fax: 713-646-3491
alice.wright@enron.com


>From: Stuart Porter <stupor@home.com>
>To: Beach Craigmyle <craigmyl@locus.win.net>,  Bill Keeney
><bkee@naturalwonders.com>,  Bill Sawyer <sawyer@ntr.net>,  Brian Hoskins
><bthoskins@hotmail.com>,  "Brown, Timothy M (GEA,075502)"
><TIMOTHY.BROWN@APPL.GE.COM>,  Bruce Cain <cutbeef1@aol.com>, Cap Hoskins
><candjhoskins@aol.com>,  DJ Schreck <Djsatlanta@aol.com>, EBoland494
><EBoland494@aol.com>,  Fast Eddie Gutterman <eddieg@thepoint.net>,  Gary
>Conway <viper@combatsimulations.com>,  George & Linda Kimmel
><Geklcp@aol.com>,  "J. T. \"Tim\" McNary" <jtm@tdin.com>,  Jeff Hoskins
><jhoskins_90254@yahoo.com>,  Jo Zahner <Jojozahner@aol.com>, John Fowler
><hitit@thepoint.net>,  "Jonathan R. Howlett" <Jonathan.R.Howlett@jci.com>,
> Kurt McClain <kwmcclain@aol.com>, Mark Stauble <marks@stauble.com>,  Marty
>Otten <wmotten@earthlink.net>,  Monty horner <Montyhorn@aol.com>, Noel
>Booker <noelbooker@aol.com>,  Randy Chappell <randolph02@home.com>, Robert
><MAUMAU19@aol.com>,  "Robert B. Horner Jr." <Bhorner@ntr.net>,  Roger
>Sibold <rsibold@cs.com>, Ron Hendrich <ronh@fireking.com>,  Ron Hall
><reh@k93mail.com>, Scott Eller <scott_eller@hotmail.com>,  Steve Porter
><spport@bigfoot.com>, Steve Grant <doc2th@yahoo.com>,  Tom Gettelfinger
><TCGDOC@aol.com>,  Tom Kincheloe <info@lodgecraft.com>
>Subject: And We Wonder Why He Was Popular
>Date: Thu, 16 Nov 2000 06:02:34 -0500
>MIME-Version: 1.0
>Received: from [24.2.1.66] by hotmail.com (3.2) with ESMTP id
>MHotMailBBDD09F300C8D820F3E61802014290D40; Thu Nov 16 03:03:21 2000
>Received: from home.com ([24.10.81.202]) by mail.rdc1.il.home.com
>(InterMail vM.4.01.03.00 201-229-121) with ESMTP          id
><20001116110311.GNRE23432.mail.rdc1.il.home.com@home.com>;          Thu, 16
>Nov 2000 03:03:11 -0800
>From stupor@home.com Thu Nov 16 03:04:41 2000
>Message-ID: <3A13BECA.8D65EA30@home.com>
>X-Mailer: Mozilla 4.75 [en] (Win95; U)
>X-Accept-Language: en
>
>

_________________________________________________________________________
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.


Elizabeth,

Please send me the name of the HR person Jeff is supposed to call.  He does
not have a contact name or number.

Also, I made flight reservations for the 30th.  I can meet with Jim Derrick
at either 2:30 or 3:30.  I would prefer 3:30, but you can pencil me in for
either.

Steve


Here is the 11.06 update.  Also attached is the presentation made by DeBolt at the 11.5 OPUC meeting and the "Enron Investment" summary.


Carol St. Clair
EB 3892
713-853-3989 (Phone)
713-646-3393 (Fax)
carol.st.clair@enron.com
----- Forwarded by Carol St Clair/HOU/ECT on 08/04/00 11:49 AM -----

	Carol St Clair
	07/10/00 07:00 PM

		 To: Luke.Mickum@EngageEnergy.com@ENRON
		 cc: Tana Jones/HOU/ECT@ECT
		 Subject: Re: Amendments to ISDA Master Enron/Engage Energy US, L.P.

Luke:
I will take a look at this either tonite or in the morning.  Since the UEI
Holdings Guaranty which we reference in paragraph 9 of the Amendment covered
both US and Canada transactions, I don't think that we can say that it has
been terminated until we sign up the Engage Canada deal.  Can you add
language to the Coastal Guaranty that takes care of this instead.  I would
prefer to say in paragraph 9 of the Engage US amendment that "The Guaranty of
Party B dated as of May 19, 1997, heretofore delivered by UEI Holdings Inc.,
formerly known as Union Energy Inc. in favor of Party A as beneficiary, is
hereby replaced by an executed Guaranty from Coastal Corporation, a copy of
which is attached hereto as Exhibit B but only with respect to the
obligations of party B under the Master Agreement that are guaranteed
thereunder."  Let me know what you think.

Carol St. Clair
EB 3892
713-853-3989 (Phone)
713-646-3393 (Fax)
carol.st.clair@enron.com

	Luke.Mickum@EngageEnergy.com
	07/10/2000 10:47 AM

		 To: carol.st.clair@enron.com
		 cc: Michael.Hugetz@EngageEnergy.Com, Jeff.Buzonas@EngageEnergy.com
		 Subject: Amendments to ISDA Master Enron/Engage Energy US, L.P.

Attached is the standard Coastal guaranty form we use for ISDAs.? I
understand this ISDA is just for these financial instruments and not for the
physical side of the business.? Please give me your comments, if any.

We will split the guaranty with a Coastal guaranty for Engage US and
Westcoast for Engage Canada.?? Since the new threshold is $10 million, the
Coastal guaranty cap is $10 million.?

??????? ??????? ??????? ??????? ??????? ??????? ??????? ??????? Regards,

??????? ??????? ??????? ??????? ??????? ??????? ??????? ??????? Luke
<<Guaranty form ISDA-Engage.doc>>

 - Guaranty form ISDA-Engage.doc


[IMAGE]  	  [IMAGE]

	[IMAGE]

	Brown vs. Bellotti in San Diego  Dec. 7, 2000

	[IMAGE]Chip Brown, who covers Texas football for The Dallas Morning News,
answers your questions about the Holiday Bowl, UT's quarterback situation,
probable NFL draft picks, Mack Brown and more. Inside UT Football appears on
Thursdays.

	 E-mail questions to Chip: chipbrown@dallasnews.com

	 Listen to Chip Brown talk about the Longhorns on
	DallasNews.com's Colleges site

	 Buy all your UT team gear at our E-Fanshop.com

	Chip Shot

	One of the most intriguing matchups to watch in this year's Culligan Holiday
Bowl at San Diego will take place on the sidelines with Texas coach Mack
Brown going up against Oregon's Mike Bellotti.

	 You may not know much about Bellotti, but know this about his tenure at
Oregon - in six years, he has a 48-22 record, and those 48 wins are more than
any other Pac-10 school during that time period. And over the last four
seasons, Oregon is 33-13 with four consecutive bowl game appearances. The
Ducks' two losses this season were by a combined total of 14 points (37-34
vs. Wisconsin and 23-13 at Oregon State).

	 Brown certainly is impressed by Bellotti's success at Oregon.

	 "Mike Bellotti is a personal friend," Brown said in a news release from UT's
sports information office. "He took over for Rich Brooks at Oregon a number
of years ago when they were representing the Pac-10 in the Rose Bowl for the
first time in a long time. He has done a great job building on that success
each of his years as head coach. It will be fun to be around him and his team
throughout the week."

	 Added Holiday Bowl president Jim Philion: "Coach Bellotti has built the
Ducks into one of the premiere football programs in the country. The game
this Dec. 29 against Texas will increase an already exciting rivalry between
the Pac-10 and the Big 12."

	 Longhorn fans can purchase tickets to the Culligan Holiday Bowl by
contacting the UT ticket office (512-471-3333/1-800-982-BEVO) or by logging
on to the athletics department Web site (www.TexasSports.com).

	 Longhorn Q & A  Q: Longhorn officials will probably not say which bowl they
would prefer to play in, but were any of their options less desirable because
of dates, travel, ticket sales or impressing recruits?
	 ?? Todd Davis

	 BROWN:  The Longhorn team and coaching staff really wanted to go to the
Holiday Bowl. I know that sounds like, "Well, of course, that's what they
would say." But the coaches were trying to motivate the team before the
Kansas game by saying if UT won out, they would go to the Holiday Bowl, a
fun, sunny destination against a top 10 team. Aside from the beach balls and
surfing, the UT players wanted to go to San Diego because they are paid
mileage by the NCAA from their hometowns to get to the bowl game. For
instance, Chris Simms was paid $1,500 by the NCAA to get from New Jersey to
the Cotton Bowl last year. So he'll really clean up this year. Not that he
needs it. But you get the picture. It's a way for some of the players to make
a nice little chunk of change because what many of them will do is take the
mileage money from the NCAA and then try to buy a cheaper airline ticket and
pocket the rest. The players are responsible for getting to San Diego on
their own. The team will not charter a flight. (All players have to be
checked into the team hotel in San Diego by 10 p.m. on Dec. 22). Mack Brown
wanted to go to the Holiday Bowl from the time it appeared Oklahoma would win
the Big 12 South because he knew it would give Texas a chance to play a top
10 team. And he wants his team excited and pumped up to play a surging team.
Last year, Texas and its fans couldn't seem to get fired up for an unranked
7-4 Arkansas team in the Cotton Bowl, one year after having played in the
same game. So believe it when UT says the Holiday Bowl is where it wanted to
be.
	?

	[IMAGE] Casey Hampton

	Q: How high do you think Casey Hampton will go in the NFL draft?  I would
think he's a cinch first rounder. Could he go in the top five?   ??

	 BROWN:  Hampton could go in the first or second round. The second round
might be more likely because there are so many highly touted defensive
linemen coming out this year. But Hampton has been really watching his weight
and trying to improve his speed. He promised me that scouts at the NFL
combine will be surprised when

	they see him work out. Hampton is a great story. The guy just works his tail
off and knows that his height (slightly more than 6-1) will probably play
against him. So he is going to try to blow scouts away in every other area.
But as he told me in a story that The Dallas Morning News and DallasNews.com
ran before the Texas A?game, "The film don't lie. If you can show me where my
height has hurt me, it's on you." I would be surprised if Hampton fell to the
third round.
	?

	 Q: Let's see now: Rose Bowl ... Cotton Bowl ... Sugar Bowl ... Orange Bowl
...  Fiesta Bowl ... Galleryfurniture.com Bowl ...  Which one does NOT give
you cold chills just to think about?
	?? R.R.

	 BROWN:  At least the galleryfurniture.com Bowl is not called the Poulan
Weedeater Bowl, a name that still haunts the now-Sanford Independence Bowl,
where Texas A?will meet up with former coach Jackie Sherrill this year. We
have to hope the furniture bowl, which will be played in the Houston
Astrodome, fairs better than the old Bluebonnet Bowl, which went bankrupt and
failed to pay Texas and Pittsburgh their purses for the 1987 game (won by UT,
32-27). That was the last bowl game ever played in Houston.
	?

	 Q: Texas' quarterback controversy early this year was an artificial thing
manufactured by the ill-fated rotation scheme. Now, however, the  quarterback
controversy is real. Texas now has two genuine starting  quarterbacks. Chris
Simms is no longer the next boy wonder. He  has arrived. Does ANYONE in the
nation have a better quarterback  tandem than Texas? How in the world is Mack
Brown going to deal with this?  If they keep the simplified offensive scheme
next year, do you think the  QB rotation could resurface and actually work?
	?? Rowell Rogers, Denton, Texas

	 BROWN:  I said before this season that Mack Brown would earn every penny of
his salary because of the quarterback situation. And he'll earn every penny
again next year. Unless unforseen circumstances, such as injuries, dictate
otherwise, I think it will be difficult for Chris Simms to redshirt next
year. And I think it will be difficult for the coaches not to start Simms
next year. He won the job because of an injury to Major Applewhite, just as
Major won the job because of an injury to Richard Walton. If Simms starts the
bowl game, and Texas plays well and wins, Simms will have done nothing to
lose the job and would probably go into the spring and fall as the starter.
If Texas flounders under Simms in the bowl game and Applewhite needs to come
in and relieve him, then we are back to square one, with both guys battling
it out in the spring and fall to see who is the starter. Texas coaches have
said they were more comfortable with Applewhite coming off the bench this
season because of his experience. So we'll see if their stance has changed.
	?

	 Q: The 70-yard pump-and-go TD play from Chris Simms  to B.J. Johnson is both
a validation of Simms' abilities AND an indictment  of the quarterback
rotation. Chris Simms made that play happen because he had played  every
offensive down in the game to that point and knew the tendencies of the
defensive  player responsible. To my mind, that is a strong argument against
any kind of QB rotation  scheme. But, on the other hand, how can one NOT want
to play both of these  immensely talented quarterbacks as much as possible?
Can we get a rule change to allow  two footballs on the field at once (ha
ha)?   ??

	 BROWN:  The only argument I could make in favor of the quarterback rotation
next year is that Simms should have more confidence and thus should flourish
whenever he is on the field. But his comments all season have directly and
indirectly indicated that he hated the rotation and that his confidence
didn't come around until he was taking all the snaps. So I don't know if the
coaches are willing to put him through that again and risk losing his
confidence.
	?

	[IMAGE] Mack Brown

	Q: What is your opinion of Mack Brown as a gameday coach? I noticed earlier
in the season that you picked Texas Tech for the upset over the Longhorns,
which seemed to be an indictment on Mack Brown's ability to fire up the team,
assuming that Texas has more talented players. I think that he has proven
that he can win big games, but he has also had some surprising slipups. Brown
is unquestionably a great recruiter, but do you question his leadership
ability on gameday?
	 ?? Andrew Wootton

	 BROWN:  Up until the Texas Tech game, Mack Brown was saying things like "We
could lose any game we play. I just don't know which team is going to show
up. We could go 6-5 or 9-2." Those kinds of

	comments factored into my thinking when picking Texas Tech to beat the
Longhorns. Brown is as adept at public relations and communication as any
coach I've been around. So when he was saying things like that, it made you
wonder if this team was ever going to develop an identity. Clearly, this year
was a tough year in terms of leadership on the field on offense. The defense
was fine with Casey Hampton leading the charge. But the offense really
struggled to find an identity. Part of that was the quarterback rotation.
Part of it was having young receivers, and part of it was having a bunch of
guys with low-key personalities (i.e. Hodges Mitchell, Leonard Davis, Antwan
Kirk-Hughes, Derrick Dockery, Mike Williams etc.). Mack Brown even said it
was the quietest bunch of offensive players he'd been around. Once Mack Brown
and Co. decided to simplify the offense and designate Major Applewhite as the
starter, Brown was making a plea to the offense for leadership as much as
anything else.

	I think Mack Brown is a great coach. Let me say that again. He is a great
coach. I think this year was a test of his finding and developing leadership
on the field. The more he rotated the QBs, the less chance the offense had to
develop an identity because the young receivers were clearly struggling with
learning their responsibilities in four-wide as well as trying to adjust to
having two QBs coming in and out of the huddle. The offensive linemen, early
on, also struggled with gap schemes and just hitting the guy in front of him.
I'm sure the coaches thought the offense would come together more quickly
than it did. Mack Brown has already gone back and said that he wished he
played Simms more in the Stanford game - an outing in which Applewhite really
struggled until the fourth quarter. Against Oklahoma, the Sooners executed
flawlessly early and Texas got hit with a punch it couldn't get up from. It
was the first inexcusable loss of the Mack Brown era and ended his honeymoon
in Austin, according to many.

	But Mack Brown is smart enough and charming enough to have the fans eating
out of his hand any time he wants. All he has to do is tune out the negative
comments he hears reported in the media or on the Internet and simply say,
"We are doing the best we can. We learn. We make mistakes. We're going to
keep trying harder." Those are comments no negative fan can argue with.
Instead, Brown became upset with the negative voices and let it taint
everything about this season. Each press conference was filled with a comment
about how the media and fans had beat up this year's team. It was
contentious. Mack Brown uses Joe Paterno as his role model often times.
Paterno hates the media, rarely gives out interviews, etc. So if Mack Brown
is following in Paterno's footsteps on that issue, it would be a shame.
Paterno doesn't have one-quillionth the public relations savvy of Mack Brown.

	Brown got tough questions during his radio call-in show this season. Some
weeks he hid his contempt for them better than others. But a guy like Brown
is good enough and smart enough that he should just let this stuff roll off
of his back, use that self-deprecating laugh of his and then take his
frustration out in the meeting and film rooms while finding ways to turn his
team into a juggernaut. Mack Brown should know his team's personality going
into next year because so many players will be back. And he'll have this year
as a blueprint of how not to do things, in many instances. And he's where he
wants to be - at a major college football power and always being in the
position of favorite. At North Carolina, as well as he recruited and coached,
Florida State was always going to be the bully in the neighborhood. At Texas,
he had beaten Nebraska the first two times he played them and showed that
Texas was going to be the new bully in the Big 12. Now, Oklahoma has come
charging past the Longhorns and Bob Stoops has done everything without
excuses. If you notice, Stoops didn't gripe about having to play the Big 12
title game and possibly ruin his team's national title chances. He didn't
gripe about the cold weather that everyone said would do in the Sooners in
Kansas City. He has a tough attitude, and his team has adopted his attitude.
Brown has a tough attitude, too. And against Oregon in the Holiday Bowl and
all of next season will be the truest test of Brown's coaching and dealing
with expectations. Brown said, fairly and accurately, that Texas couldn't be
expected to win the national title this year because the Longhorns hadn't
finished a season in the top 10 since 1983. "How do you jump to No. 1 without
having first been in the top 10?" Brown said before the season. Does this
kind of talk trickle into the ears of players? I don't know. Most of the
Longhorns before the season (Applewhite and Hampton included) felt like Texas
could win the national title. That's one of the biggest reasons Hampton came
back to Texas this season. When UT lost to Stanford, Brown emerged from an
emotionally blasted locker room and said, "I didn't think this was a national
title team." He went on to say the team was too young. Are these excuses for
his team? If Texas beats Oregon in the Holiday Bowl, the Longhorns will have
their top 10 finish and will once again be ranked in the top 10 heading into
next season.

	On defense, the big question mark will be at defensive tackle because Casey
Hampton and Shaun Rogers will be moving on. But Marcus Tubbs, Adam Doiron and
Stevie Lee provide an ample foundation to rebuild at the position. Cory
Redding and Kalen Thornton should only get better, and there is a wealth of
talent in the seven guys behind them. On offense, the big question mark is at
running back, where Hodges Mitchell is moving on. He's a guy some Texas fans
still think is worthless. But let me tell you, he isn't. He's got guts and
gave everything he had. It may take some time to see another back who can
catch and run the way he does. UT will have several backs to pick from,
including freshman-to-be Cedric Benson. The rest of the team is proven and
will pick up Bo Scaife at tight end.

	I don't see any excuses for this team next year. National championship talk
will be all over this team like sunshine in Bermuda. Here's hoping that Mack
Brown doesn't let the nitpickers bog him down. And I include myself in that
group of nitpickers because reporters are paid to point out all of the facts
- positive or negative. Here's to hoping Mack Brown will spend less time
getting reports fed to him about negative Internet postings and any possible
negative angles in a newspaper story. Here's to hoping that he'll take on
critical questions with the ease and charm he shows publicly on a daily
basis. Places like Texas, Alabama and Ohio State have fans who are seemingly
never satisfied. Until Brown wins a national championship, UT fans will
second-guess and doubt and wonder why something else wasn't tried. That could
continue even if he wins a national title. But that's sports. It's worse now
because there is more coverage of sports than ever before with the Internet
and all-day talk radio. Mack Brown lives under a microscope. Fans think they
are as smart as coaches because they manage a fantasy football team. Brown
just has to shrug off the naysayers and focus on the reasons he loves
coaching.
	?

	 Q: Among UT's current commitments, who do you see as the freshmen most
likely to see  significant playing time next year?   ??

	 BROWN:  The more I see and hear about Midland Lee running back Cedric
Benson, the more I think he has the best chance to have an impact next year.
He appears to have the kind of vision that makes running backs special.
	?

	 Q: Only two teams had a strength of schedule rating above 3.0 in the BCS
rankings and all the top five teams had a sub 0.6 rating. Given that UT has a
decent chance in the national championship race next year, what - if anything
- can UT do to help raise its strength of schedule rating? Seems like the
Longhorns could go undefeated and still be on the outside looking in.
	 ?? Andrew Bowen

	 BROWN:  Well, gauging by how some of the BCS polls had Florida State higher
than Oklahoma, I think it's fair to say that strength of schedule is a
concern for Texas next year. I think Texas has to win all its games next
season to make sure that it is not in the position of Miami, which beat
Florida State but is not in the national championship picture. If Texas goes
10-1 next season, the Longhorns could very well not be in control of their
own destiny. With their schedule, as crazy and inflated-expectation-riddled
as this sounds, the Longhorns would probably need to win all the games to
ensure getting a shot at the national championship next season.
	?

	[IMAGE] Leonard Davis

	Q: Who will be drafted off this team? Any first rounders? Will the draft
distract the seniors from the bowl game? Will any juniors declare early? Is
the NFL looking at any underclassmen on the team?
	 ?? Lance, Grand Prairie

	 BROWN:  The obvious draft picks are OT Leonard Davis, DT Casey Hampton and
DT Shaun Rogers. SS Greg Brown may also get a look from an NFL team after the
year he has had. I think Davis is a first-round pick for sure. Hampton and
Rogers shouldn't fall past the second round,

	although they could simply because there are a number of top defensive
lineman in next year's NFL draft. NFL scouts are intrigued by junior Quentin
Jammer because of his size and physical play at cornerback. NFL scouts like
junior De'Andre Lewis' speed and size at linebacker. But UT officials seem
confident that no underclassmen will jump from this year's team.
	?

	 Q: Please discuss the coaching staff's approach to bowl games. Did we
approach the Mississippi State Cotton Bowl with a different philosophy or
attitude than the Arkansas Cotton Bowl? What is our attitude about Oregon and
the Holiday Bowl?
	?? Keith Heugatter

	 BROWN:  The Cotton Bowl after the 1998 season was the final chapter to a
storybook season. That team was riding the euphoria of Ricky Williams'
Heisman Trophy and felt like it was on top of the world. The team that faced
Arkansas in last January's Cotton Bowl had lost two straight and then found
itself back in Dallas, feeling a little unsure about itself against an
Arkansas team looking for its first bowl victory since 1985. This season,
Texas is riding a six-game winning streak, finally got the breakout game it
was looking for from Chris Simms and really wants to win its bowl game to
finish in the top 10 for the first time in 17 years. I would be surprised -
very surprised - if Texas comes out flat and doesn't make a good showing in
the Holiday Bowl. Even though they don't know much about Oregon, the
Longhorns know the Ducks are ranked higher than they are. That's all they
need to know. If the players can avoid the trouble they ran into before last
year's Cotton Bowl (suspensions to two team leaders, Aaron Humphrey and Kwame
Cavil, as well as J.J. Kelly and Jamal Joyner), I think Texas will be strong
and focused.
	?

	 Q: Is Leonard Davis up for any major awards this season?
	?? Clark Routier

	 BROWN:  Longhorn OT Leonard Davis is one of three finalists for the Outland
Trophy. The award will be presented live on Thursday night (8-10 p.m.
Central) on the ESPN College Football Awards Show at Disney World. Davis has
been tabbed a first-team All-American by The Football Writers Association,
Walter Camp Football Foundation and Sporting News.
	?

	 Q: Can you give us an update on the men's basketball team?
	?? Shirley Lively

	 BROWN:  The men's team is starting to come together and could get a huge
boost in the next couple of weeks if senior Darren Kelly can regain his
eligibility. The semester ends Dec. 19, but coach Rick Barnes isn't sure when
he'll find out if Kelly has made his grades and regained his academic
standing for next semester. One thing is for sure: Barnes believes the 5-1
Longhorns will only get better with Kelly in the lineup. He said Kelly
dominates in practice with his dribble penetration and quickness. He said
Kelly would help players like junior transfer Maurice Evans. Evans, by the
way, has continued to look more comfortable in the Longhorns' offense. He was
named the Phillips 66 Big 12 Conference Rookie of the Week, the league office
announced Tuesday. The junior transfer earned the award by averaging 22
points per game while hitting 17-of-28 (.607) field goals, including 7-of-13
three-pointers, during Texas' two victories over UT-San Antonio (70-51) and
Southwest Texas State (90-60) last week. The honor is chosen by a panel of
media observers who cover Big 12 men's basketball. Evans had a season-high 23
points on 8-of-14 shooting (4-of-9 threes) vs. UT-San Antonio, before posting
21 points on 9-of-14 shooting (3-of-6 threes) against Southwest Texas. The
lone Longhorn to reach double-figure scoring in each of UT's first six
contests, he leads the team in scoring (17.3 ppg) and ranks third in
rebounding (5.8 rpg) and blocks (five). Texas returns to action when it
travels to Tampa, Fla., to face South Florida on Saturday, Dec. 9. Tip-off is
scheduled for 6 p.m. (Central) at the Sun Dome. The game will be televised
nationally by ESPN2.
	?

	 Q: Can you give us an update on the women's basketball team?
	?? Dana Gooden

	 BROWN:  The UT women are 8-1 and off to their best start since the 1989-90
season. They moved into the top 25 (No. 25) this week and then backed it up
by traveling to Illinois and pounding the Fighting Illini, 70-54. The Illini
were ranked No. 24 last week. UT extends its win streak to six games, marking
the first time since 1996-97 that the Horns have had a six-game win streak.
The leaders of this year's team are JoRuth Woods of Cedar Hill, Tai Dillard
of San Antonio, freshman Stacy Stephens of Winnsboro, sophomore Lindsey Ryan
of Austin Westlake and Tracy Cook of Cedar Hill. UT is also getting help at
point guard from junior college transfer Kenya Larkin of Duncanville.
Freshman forward Annissa Hastings will also be one to watch. UT plays Oregon
at home on Saturday and then won't have another test until Tennessee comes to
town on Dec. 22.

	 If you received this newsletter from a friend and would like to subscribe,
sign up at:   Newsletter Registration

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	Questions?    Comments?  Suggestions?

	   (c) Copyright 2000 The Dallas Morning News
		[IMAGE]

			  [IMAGE]
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			  [IMAGE]


I have attached a draft of a proposed settlement and release agreement related to the Development and Revenue Sharing Agreement with RiskMetrics.  You will notice that I have left blank for the time being paragraph 7 related to use of Confidential Information pending receipt of the prior Confidentiality Agreement signed by the parties.  I have also assumed that we don't want any claims or causes of action to survive except based upon breaches of confidentiality provisions.  If that is not correct, let me know.  Please call me with any questions/comments after you have had a chance to review the draft.  Thanks.

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


Tonight starting at 7:30 Cisco doing some troubleshooting with our Networking
team in Houston.  Please feel free to contact Chip or myself with any
questions or concerns.

Thanks,
Diana
---------------------- Forwarded by Diana Willigerod/PDX/ECT on 01/04/2001
09:32 AM ---------------------------

Diana Willigerod
01/03/2001 10:26 AM
To: Portland West Desk
cc: Dan Dietrich/CAL/ECT

Subject: ***RESCHEDULED**Network Update

The Network testing is being rescheduled again for Thursday January 4th at
7:30 PM.  I will keep you posted on any further updates.  Please let me know
if you have any questions or concerns.

Thanks,
Diana
---------------------- Forwarded by Diana Willigerod/PDX/ECT on 01/03/2001
10:24 AM ---------------------------

Diana Willigerod
01/02/2001 09:21 AM
To: Portland West Desk
cc:

Subject: ***RESCHEDULED**Network Update

Due to some Year End work being done we are tentatively rescheduling to Wed
January 3rd.  I will keep you updated on any further changes.

Thanks,
Diana
---------------------- Forwarded by Diana Willigerod/PDX/ECT on 01/02/2001
09:13 AM ---------------------------

Diana Willigerod
01/02/2001 08:48 AM
To: Portland West Desk
cc: Dan Dietrich/CAL/ECT

Subject: Network Update

As most of you know we have been experiencing some problems with our
Network.  Tonight starting at 7:30 Cisco doing some troubleshooting with our
Networking team in Houston.  I have co-ordinated the outages with the Real
Time Schedulers.

Please feel free to contact me with any questions or concerns.

Thanks,
Diana


Hey!? How's it going?? Guess who I ran  into last night at a casino party????
yep, good ol' Jenn Hughes, actually  Jenn Bryarly now!? She looks exactly the
same . . . tall, lanky & still  very silly!? She asked about you almost
immediately.? I said you were  doing great with a Jenn of your own and that
you were down in Houston.? She  works at the Richards Group, an advertising
agency here in Dallas, and lives off  75 & Coit Rd.? I met her husband, Matt,
who's a CPA and pretty  cute.? (Let it be known that I think you're cuter!)?
But, she seems to  be doing very well.? It was so great to see her and catch
up on all the  gossip about our friends!? She still keeps up with some girls
you probably  knew - Kelli Carr, Cindy Medina, Connie Golden & Tara Khaler
(remember  her?)? Anyways, I thought I would let you know?what's going on
with  your ex. That all seems like so long ago, huh?? Well, I hope you're
doing  well with your new & improved Jenn and I'll talk with ya soon.? Love,
Amy
??


i agree with this one , can we put this into production for nov.
also can you create the pen swap and spread for nov

dq

 -----Original Message-----
From: 	Meredith, Kevin
Sent:	Wednesday, October 03, 2001 12:52 PM
To:	Quigley, Dutch
Subject:	Lot-Vol Description

Here's the correct description.

A financial Swap Transaction with Enron North America Corp., under which the Seller pays a Floating Price and the Buyer pays a Fixed Price in each case in respect of the Notional Quantity per Determination Period.  Each calendar month during the term of the Transaction will be a Determination Period. The Notional Quantity per Determination Period shall be calculated from the volume submitted by Counterparty on the Website in accordance with the unit of measure.  The Payment Date(s) will be 5 business days after the Floating Price is determinable. The Floating Price shall be the average of the Index for each day in the relevant Determination Period.
The term of the Transaction shall correspond to the date(s) set forth in the Product description on the Website.
The Index shall be the settlement price for the last scheduled Trading Day of the NYMEX Henry Hub Natural Gas Futures Contract for the applicable Determination Period.
The price is quoted in US Dollars per unit of volume, which will be the Contractual Currency.
The unit of measure against which the price is quoted shall be millions of British thermal units and the quantity shown shall be the total number of 10,000 millions of British thermal units per month.

Kevin Meredith

EnronOnline
(713) 853-9555


Please, take a look at the 1st resume and let me know
what you think (Shelly Wood).

Vince

---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 11/21/2000
11:50 AM ---------------------------

"pj" <pj@austingrp.com> on 11/15/2000 01:58:46 PM
To: "Vince J Kaminski" <Vince.J.Kaminski@enron.com>
cc:
Subject: TAGE Resume Submittal

Vince,
Two candidates for your review. Please call  me.
?
Paul Johnson, CPC
President
(281)  497-8595
?
Please visit our website
? www.austingrp.com
 - Wood, Shelly.doc
 - JPBresume2.doc


The following expense report is ready for approval:

Employee Name: Stanley C. Horton
Status last changed by:  Automated Administrator
Expense Report Name: June Business Expenses
Report Total: $6,015.01
Amount Due Employee: $6,015.01

To approve this expense report, click on the following link for Concur Expense.
http://expensexms.enron.com


After meeting with AEP this morning, some issues are revolved and new one
added.

Resolved:

 Confirmations will be done out of AEP's systems for long term deals,
intramonth transactions
 will be confirmed using DECAF 2.  DECAF 1 will not be used.

 Global Facilities will not need to copied to a new pipeline code.

 The HPL DUN's number will remain the same.

 Deal entry will be manual for AEP risk system and getting old deals back
into Sitara.
 The need to build a cross-reference table is the main driver.

New items

 A hands-on  training program is unlikely due to time  and space constrains.
 AEP/Enron evaluating options.

 New Risk Portfolios need to created in Sitara.  List provided to AEP.
 Enron giving explanations of portfolios for usefulness to AEP.

 Manual entries to G/L and reports needed to book all items.

All items on the Energy ops issues list were discussed.  AEP to fill in point
person
for there side.

Agreement reached to use this format and add items as needed.

I will issue a revised transitions issues list tomorrow afternoon, after my
energy ops
meeting.


In addition to mowing lawns, Jim Rolewicz is a landscaper.  He's worked for several people I know, including one EMCA resident.  In addition, as his customers occasionally ask if he can do other tasks for them, he has learned more skills and is now the only handyman whose name I give out to my wallpaper customers.  I always describe him this way: ... A great guy, about 30something, who there's a little too much of...too cheerful, too loud, too vivacious, to enthusiastic.  Lives in the Heights.

Home:  (713) 869-1890
Pager:  (713) 601-9008

Julie Young
the Wallpaper Lady
Stanford & Drew

----- Original Message -----
From: laura.jewett@bakerbotts.com <mailto:laura.jewett@bakerbotts.com>
To: emca@yahoogroups.com <mailto:emca@yahoogroups.com>
Sent: Wednesday, September 26, 2001 1:11 PM
Subject: RE: *EMCA* Lawn Mowed

I'm in search of someone to mow my lawn.  My lawnmower bit the dust and I really don't have time in the first place.  Any connections?

Thanks,
Laura
Bomar

To unsubscribe from this group, send an email to:
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Not too late, I have to pay for the rooms a week from today.  Hurry, hurry,
Talk to you soon.
PL


1) Y2K Team:  Let me know if you would like to send a notes mail message from
you to the individuals that were here on Saturday, January 1 for the Y2K
testing.  I have created an address list that contains those names that I
could forward to Susan Skarness to use for that purpose.

2) Draft Memo from Rick Causey:  Attached is a draft memo that Rick Causey
proposes to send this week that describes a coordination role that I will
play on certain operational policies and procedures that should be
coordinated in all trading locations.   I have left you some comments
regarding this on my voice mail.  I would welcome your comments or
questions.


FYI

Susan D. Flynn
Enron North America Corp.
1400 Smith Street, EB3806
Houston, Texas  77002
Phone:  713-853-0975
Fax:  713-646-3490
----- Forwarded by Susan Flynn/HOU/ECT on 06/29/2000 02:33 PM -----

	"Daniel A Harris" <dharris@shearman.com>
	06/29/2000 02:17 PM

		 To: Susan.Flynn@enron.com, Jason.Peters@enron.com
		 cc: Steve.Waldman@tudor.com
		 Subject: Re: ISDA Master Agreement between ENA and The Ospraie Portfolio Ltd.

Susan: That's right, the ISDAs will be substantially similar, although there
will be some fund-specific differences, such as the Cross Default Threshold
Amount. I will go ahead with Maples and "cc" Jason Peters. Thanks. Kind
regards.
Daniel Harris

"Susan Flynn" <Susan.Flynn@enron.com> on 29/06/2000 15:49:34

To:   Daniel A Harris/LN/EU/ShS@ShSDOMAIN
cc:   "Jason Peters" <Jason.Peters@enron.com>, "Sara Shackleton"
      <Sara.Shackleton@enron.com>, "Per Sekse" <Per.Sekse@enron.com>, "Rod
      Nelson" <Rod.Nelson@enron.com>

Subject:  ISDA Master Agreement between ENA and The Ospraie Portfolio Ltd.

     Our Credit Department has approved Enron North America Corp. ("ENA")
entering into ISDA Master Agreement with the following Tudor entities:

     The Ospraie Portfolio Ltd.   (which you have told us is a Cayman Island
company)
     Tudor BVI Global Portfolio Ltd.  (which you have told us is  a Cayman
Island company)
     Tudor Proprietary Trading, L.L.C.  (which you have told us is  a Delaware
limited liability company)

      It is our understanding that once we finalize the negotiation of the
form
   of the ISDA Master Agreement for The Ospraie Portfolio Ltd., we will use
   substantially the same form to prepare ISDA Master Agreements for Tudor BVI
   Global Portfolio Ltd. and Tudor Proprietary Trading, L.L.C.    Therefore,
we
   are authorizing you to retain Cayman Island Counsel (we believe you are
going
   to use the Maples Calder law firm) to prepare one legal opinion covering
the
   ISDA Master Agreements between ENA  and each of Tudor BVI Global Portfolio
   Ltd. and The Ospraie Portfolio Ltd.

      If  our understanding of these matters is incorrect, please immediately
   contact Jason Peters at (713) 853-9720.

   Susan D. Flynn
   Enron North America Corp.
   1400 Smith Street, EB3806
   Houston, Texas  77002
   Phone:  713-853-0975
   Fax:  713-646-3490


So are you in ?


It is tenure at the level (eg vp or MD) not with organization.  The color
scheme looks good.

	Gina Corteselli
	12/07/2000 08:03 AM

		 To: Steven J Kean/NA/Enron@Enron
		 cc:
		 Subject: Color coding mid-year ratings

I sent before i looked at the distro of this message - so sorry, G
---------------------- Forwarded by Gina Corteselli/Corp/Enron on 12/07/2000
07:59 AM ---------------------------

	From:  Gina Corteselli                           12/07/2000 08:01 AM

To: Cindy Olson/Corp/Enron@ENRON, David Oxley/HOU/ECT@ECT, Andrea
Yowman/Corp/Enron@ENRON
cc:

Subject: Color coding mid-year ratings

all;
Attached are the screen shots to give you an idea how the red/green color
coding for rating movement from mid year ratings will appear on the screen.
Is this more of what you had in mind?   Let me know what you think.  G

Also, can you please confirm my understanding that the tenure color coding is
TENURE AS A VP (AND MD?) and not tenure in the organization?


Hey baby!!!

Here you go!!!


Isabel,

If you will email me your contact info, I will pass it along to GE.

Thanks,

Kay


Here it is again just in case
---------------------- Forwarded by John Schwartzenburg/ENRON_DEVELOPMENT
on 09/12/2000 04:34 PM ---------------------------

John Schwartzenburg
09/12/2000 10:43 AM

To:   Scott Dieball/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Kay
      Mann/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc:   Sheila Tweed@ECT

Subject:  Re: GE Language  (Document link: John Schwartzenburg)

 I think that I agree with the points and comments you folks raised in the
first echange on indemnities below, but don't have the document to refer
to. Scott, please drop by and brief me on these.  Cognizant Gov't? Never
heard of  the term, and itis not one of the usual defined terms. Don't know
how it's used here, suggest you decline andmake them clarify.

LOL ISSUES:
1. I suppose that this is a NY law contract. I  do not think you can
effectively limit your liability for gross negligence or wilful misconduct
in NY. Regardless of choice of law, we generally cannot get this limited
or excluded in contracts with owners, either.  I think you should not
accept any GE attempt to limit this by means of the cap on liability or
otherwise , and should avoid muddying the water on the point by taking any
"to the fullest extent permitted by law" clause or other  such stuff as a
compromise. It will be important every time we wrap the GE equipment.

2. Generally, I do not think they should be able to limit their indemnity
for Haz Mat, patents, etc.

3. They have consistently refused to clarify that the indemnity  for all
third party losses includes third party consequentials when Brian or
whoever else over here has been the lead negotiator with GE in the past. I
would like to think that we could get it clarified now that the larger
Enron is working it.  Please try it again if you can.

Scott Dieball
09/11/2000 07:29 PM

To:   Kay Mann/Corp/Enron@ENRON
cc:   Brian D Barto/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, John
      Schwartzenburg/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Martin W
      Penkwitz/NA/Enron@Enron, Roseann Engeldorf/Corp/Enron@ENRON, Sheila
      Tweed/HOU/ECT@ECT@ENRON, Ben Jacoby/HOU/ECT@ECT@ENRON

Subject:  Re: GE Language  (Document link: John Schwartzenburg)

See my comments in blue below.

To:   Scott Dieball/ENRON_DEVELOPMENT@ENRON_DEVELOPMENt, Brian D
      Barto/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, John
      Schwartzenburg/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Martin W
      Penkwitz/NA/Enron@Enron, Roseann Engeldorf/Corp/Enron@ENRON, Sheila
      Tweed/HOU/ECT@ECT, Ben Jacoby/HOU/ECT@ECT
cc:

Subject:  GE Language

I'm not particularly wild about many of the changes proposed by GE.  Agree.
Seems that it would be a good idea to get a consensus on how to respond.
Here are the issues I see:

Indemnity issues:
They should indemnify us from claims by their employees/subcontractors.
Kay - Is your comment in connection with GE's comment to Section 27.1(iii)
(carve out of the 100% LOL for "gross acts" of its subcontractors, vendors,
ect.)?  GE is in an aggressive outsource mode and needs to remain solely
and totally responsible for the actions and liabilities for its
subcontractors and vendors.  I think Section 20.2(a) as written covers
simple negligence of GE's subcontractors and vendors and I would argue that
we need to keep Section 27.1(iii) as written dealing with gross negligence
of GE's subcontractors and vendors.
Indemnity should be triggered by strict liability as well as negligence.
Agree - Maybe we could agree to GE's strike out in 20.2(a) provided the
phrase "negligent or willfully wrongful" is replaced with "negligent, at
fault or strictly liable without fault" (or some variation thereof).
What is a cognizant government?  Don't know!  This was not discussed with
MIke so I am not sure what is the meaning of adding this term.  We need to
also think in terms of how we could be harmed in a situation where GE fails
to comply with law, and instead of Enron incurring a monetary penalty, is
ordered to shut down the facility.

Limit of liability issues:
They want to limit their indemnity obligations for complying with laws,
patent infringement, liability for haz. waste and liens to 100% of purchase
price.
They want the limit of liability to apply to gross negligence, if possible.
Agree - See 1st comment above re indemnity.
They don't want to clarify that they have to indemnify us for another
party's claim for consequentials (as in a personal injury claim).  Agree.

We've don't have anything concrete on assignment yet.  Agree.

Comments?  I suggest we get together before our next scheduled conf. call
to discuss our game plan.

Sheila has asked that we change Wednesday's call to 1100 Central, or 100
Central if 1100 doesn't work.  Is this a problem?  Works for me...just let
me know when, where, ect.

Kay

They should have to
---------------------- Forwarded by Kay Mann/Corp/Enron on 09/11/2000 04:07
PM ---------------------------

michael.barnas@ps.ge.com on 09/07/2000 07:46:07 PM

To:   stephen.swift@ps.ge.com, Sheila.Tweed.@enron.com,
      Roseann.Engeldorf@enron.com, Kay.Mann@enron.com,
      Scott.Dieball@enron.com, Martin.W.Penkwitz@enron.com
cc:   kent.shoemaker@ae.ge.com

Subject:  GE Language

Folks,

Having conferred at last with my colleagues, I can now forward to you our
draft language for the Indemnity and LOL clauses.  As Steve mentioned in
his
earlier message, he has suggested some issues to discuss which could bring
us closer to resolution on that issue.  Please let me know if you have any
question!

Best regards,

     Mike
g _____________
Michael C. Barnas
Counsel, Power Plants Commercial Operations
GE Power Systems
One River Road - Building 37, Room 307
Schenectady,  NY 12345  USA
Phone 8*235-7602       (518) 385 7602
Fax     8*235 5466        (518) 385 5466
Mobile 518 369 9538

(See attached file: MajorClausesGE01.doc)

 - MajorClausesGE01.doc


Attached is a spreadsheet where James has calculated the interest owed by SoCal.  The interest totals about $0.5 MM.

We have not been billing interest.  The system does not generate an interest invoice until the disputed amount is paid.  Then, based upon when it's paid, the interest is calculated.


I can't place him either.

	Susan J Mara@EES
	10/09/2000 03:34 PM

		 To: Jeff Dasovich/NA/Enron@Enron
		 cc:
		 Subject: Re: [Fwd: CMUA Market Reform proposal]

Do you know this guy?  I can't place him.
---------------------- Forwarded by Susan J Mara/SFO/EES on 10/09/2000 01:30
PM ---------------------------

Jeff Shields@ECT
10/09/2000 09:51 AM
To: Jeff Dasovich/NA/Enron@ENRON
cc: Michael McDonald/SF/ECT@ECT, Laird Dyer/SF/ECT@ECT, Mona L
Petrochko/SFO/EES@EES, Paul Kaufman/PDX/ECT@ECT, Susan J Mara/SFO/EES@EES
Subject: Re: [Fwd: CMUA Market Reform proposal]

The problem is not "deregulation." The fact is Oregon is not deregulated yet
and rates are going through the roof. Also, one only needs to look back to
1980-85 when rates in the Northwest went up 250% over a five year period
because of nukes. This occurred in a fully regulated environment.

The problem is that many consumers do not have a true choice to secure a
fixed price long-term contract.

You can not put the toothpaste back into the tube!

I hope Enron takes the high road on this issue and pushes for expedited
siting of new generation. The best way to accomplish this is to agree to
compliance with emissions standards and meeting off-sets where they exist.
Where off-sets do not exist, I think Enron can commit to paying for energy
efficiency investments in partnership with utilities or industrial customers
that take the out-put (or take equity) at our new plants.

Paying for conservation, which is running about 19-22 mills in the Northwest,
is a pretty inexpensive way to accomplish good will with end-users and
utilities.


Attached are Jim Deason's comments to the Schedule and Deemed ISDA.  Please
note him comments re: enforceability of this financial deal.
----- Forwarded by Sara Shackleton/HOU/ECT on 11/29/2000 08:25 AM -----

	Jim Deason <Jdeason@chbh.com>
	11/28/2000 06:28 PM

		 To: "'Sara.Shackleton@enron.com'" <Sara.Shackleton@enron.com>
		 cc: "Dick Varner (E-mail)" <Dick.Varner@eweb.eugene.or.us>, "Bert Dunn
(E-mail)" <bert.dunn@eweb.eugene.or.us>, "'holli.krebs@enron.com'"
<holli.krebs@enron.com>
		 Subject: RE: ISDA Master Agreement and Deemed ISDA

Sara:  Attached are EWEB's markup of Enron's response to EWEB's proposed
ISDA Schedule.  As we discusssed, in order to isolate the items that remain
to be resolved, I simply "accepted" all of your modifications and then
redlined items EWEB wants modified or returned to EWEB's original proposal.

Also, in regard to the Confirmations and our discussion regarding their
execution in connection with authorizing Resolution to be considered by the
EWEB Board on December 5th, EWEB proposes the following language be added to
the end of the first paragraph of each Confirmation:  "This Transaction will
become effective and enforceable upon the final approval of its terms by the
EWEB Board of Commissioners and issuance of an authorizing legal opinion by
counsel for EWEB."

As for the remainder the terms of the Confirmation, i.e., the "deemed ISDA"
portion, EWEB requests that you incorporate any proposed changes included in
our redline to the general ISDA Schedule.

Finally, I understand from Dick Varner at EWEB that he is in the process of
arranging a conference call tomorrow regarding the credit arrangements.
Thanks for assisting in setting this up.

-Jim

-----Original Message-----
From: Sara.Shackleton@enron.com [mailto:Sara.Shackleton@enron.com]
Sent: Tuesday, November 28, 2000 3:25 PM
To: Jdeason@chbh.com
Cc: Holli.Krebs@enron.com; Dick.Varner@eweb.eugene.or.us;
bert.dunn@dweb.eugene.or.us; Tracy.Ngo@enron.com; Susan.Bailey@enron.com
Subject: ISDA Master Agreement and Deemed ISDA

Jim:

As a follow up to our conversation of yesterday, please note the following:

(1)  I have not received your comments to our blackline of EWEB's ISDA
Schedule.

(2)  I have not received your suggested language to the Deemed ISDA
confirmation.

Please verify whether or not you emailed these to me yesterday as promised.

Also, Holli Krebs has offered to try to organize a conference call to
discuss the Paragraph 13 to the ISDA Credit Support Annex.  Tracy Ngo from
our credit group and I will be available to answer any questions.   As soon
as we have your comments, I can provide you with a blackline.

Please let me know if there is anything further that I can do.  Thanks.
Sara

 - EWEB Response to Enron Markup of ISDA Schedule 11-28-00.doc


This also
 -----Original Message-----
From: 	"Starbird, Zack" <zack.starbird@mirant.com>@ENRON [mailto:IMCEANOTES-+22Starbird+2C+20Zack+22+20+3Czack+2Estarbird+40mirant+2Ecom+3E+40ENRON@ENRON.com]
Sent:	Monday, September 10, 2001 4:33 PM
To:	Sanders, Richard B.
Subject:	FW: Mirant Contact Info

Forgot to include my home number:  678-277-8865.

> -----Original Message-----
> From:	Starbird, Zack
> Sent:	Monday, September 10, 2001 5:30 PM
> To:	Richard B. Sanders (E-mail)
> Subject:	Mirant Contact Info
>
> Richard,
>
> So that you have it, I'm sending all of my contact information to you.
> Given the timetable, feel free to use my cell or home numbers.
>
> Zackary Starbird
> Managing Attorney, Litigation
> Mirant Americas, Inc.
> 1155 Perimeter Center West
> Atlanta, Georgia  30338-5416
> zack.starbird@mirant.com
> Ofc:  678-579-5638
> Fax:  678-579-5850
> Cell:  678-576-6643
Hm:  678-277-8865


I understand that this will be executed in London.  Is there a lawyer who
will initial the NDA for EnronCredit in connection with our execution?  I'm
assuming you will have this NDA executed prior to the meeting.

Leslie

	Gillian Johnson@ENRON
	11/21/2000 01:32 PM

		 To: Leslie Hansen/HOU/ECT@ECT
		 cc: Craig Chaney/HOU/ECT@ECT, Richard Sage/LON/ECT@ECT
		 Subject: Re: I2 NDA

Thanks for taking care of this.  We will be meeting with them tomorrow.

Gillian

Leslie Hansen@ECT
11/21/2000 12:56 PM
To: Gillian Johnson/NA/Enron@Enron
cc:

Subject: I2 NDA

Gillian:

Attached please find the I2 NDA as revised to provide that the term of the
NDA is 3 years and that Confidential Information disclosed under the
agreement is protected for 2 years after the date of the disclosure.

I can finalize for execution after I2 has approved the contents of this NDA.
I'll leave it to you to distribute to them.

Leslie