TODAY'S HEADLINES
The New York Times on the Web
Thursday, December 6, 2001
------------------------------------------------------------
For news updated throughout the day, visit www.nytimes.com

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QUOTE OF THE DAY
=========================
"I feel him kicking and I feel happy and then I feel sad."
-PAULINA DEL CARMEN CARDONA, on her baby, due four months after her husband, Jose, was
killed at the World Trade Center.

http://www.nytimes.com/2001/12/05/nyregion/05BABI.html?todaysheadlines

NATIONAL
=========================
Justice Dept. Bars Use of Gun Checks in Terror Inquiry

The Justice Department has refused to let the F.B.I. check
its records to determine whether any people detained after
the Sept. 11 attacks had bought guns.
http://www.nytimes.com/2001/12/06/national/06GUNS.html?todaysheadlines

-----

Man Is Arrested in Threats Mailed to Abortion Clinics

The fugitive sought in a nationwide wave of hundreds of
anthrax threats against abortion clinics, was arrested by
federal agents after an employee at a photocopy store
recognized him.
http://www.nytimes.com/2001/12/06/national/06HOAX.html?todaysheadlines

-----

Robertson Resigns From Christian Coalition

Pat Robertson, the widely televised evangelist, resigned as
president of the Christian Coalition, the grass-roots
organization he made one of the most powerful political
forces in the country.
http://www.nytimes.com/2001/12/06/national/06CHRI.html?todaysheadlines

-----

MORE NATIONAL NEWS:
http://www.nytimes.com/pages/national/index.html?todaysheadline

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INTERNATIONAL
=========================
Bin Laden Hunted in Caves; Errant U.S. Bomb Kills 3 G.I.'s

Opposition forces closed in on the last Al Qaeda stronghold
in eastern Afghanistan, while  intensified combat in the
south led to the deaths of three American soldiers.
http://www.nytimes.com/2001/12/06/international/asia/06MILI.html?todaysheadlines

-----

A New Mideast Battle: Arafat vs. Hamas

After 14 months of conflict, the radical group Hamas has
gathered such strength that it has as much claim as Yasir
Arafat to represent the Palestinian mainstream.
http://www.nytimes.com/2001/12/06/international/middleeast/06HAMA.html?todaysheadlines

-----

As Refugees Suffer, Supplies Sit Unused Near Afghan Border

Victims of war and three years of crippling drought, the
people of Afghanistan are at the end of their endurance,
aid officials say.
http://www.nytimes.com/2001/12/06/international/asia/06REFU.html?todaysheadlines

-----

MORE INTERNATIONAL NEWS:
http://www.nytimes.com/pages/world/index.html?todaysheadline

BUSINESS
=========================
AOL Time Warner Gets a New Chief as Levin Departs

The chief executive of the world's biggest media company,
AOL Time Warner, surprised his company and   his industry
by announcing that he would retire in May.
http://www.nytimes.com/2001/12/06/business/media/06AOL.html?todaysheadlines

-----

Surge in Stocks Arouses Visions of a New Bull Market

Stocks shot sharply higher Wednesday on growing optimism
that the economy would quickly rebound. Are millions of
investors are jumping to a conclusion too soon?
http://www.nytimes.com/2001/12/06/business/06PLAC.html?todaysheadlines

-----

Enron Paid Out 'Retention' Bonuses Before Bankruptcy Filing

Just days before Enron filed for bankruptcy and laid off
4,000 people, it paid out $55 million in bonuses to about
500 employees.
http://www.nytimes.com/2001/12/06/business/06ENRO.html?todaysheadlines

-----

MORE BUSINESS NEWS:
http://www.nytimes.com/pages/business/index.html?todaysheadline

TECHNOLOGY
=========================
Levin to Retire as Chief Executive of AOL Time Warner

AOL Time Warner said that its chief, Gerald Levin, will
retire in May and would be succeeded by Richard Parsons,
the company's co-chief operating officer.
http://www.nytimes.com/2001/12/05/business/media/05CND-AOL.html?todaysheadlines

-----

The Web Turns Conversation Into a Trivia Contest

Trivia debates are now easily and definitively settled with
the help of the Web.
http://www.nytimes.com/2001/12/06/technology/circuits/06FACT.html?todaysheadlines

-----

Sizing Up Camcorders Made Small

This year, JVC, Canon and Sony introduced spectacularly tiny
camcorders, but those who buy them must make some severe
compromises.
http://www.nytimes.com/2001/12/06/technology/circuits/06STAT.html?todaysheadlines

-----

MORE TECHNOLOGY NEWS:
http://www.nytimes.com/pages/technology/index.html?todaysheadline

POLITICS
=========================
War on Terrorism Brings Plan to Cut Smithsonian Financing

In a sign of its intention to pare spending  to   pay for
the war on terrorism, the Bush administration has proposed
substantial cuts in the Smithsonian Institution's budget.
http://www.nytimes.com/2001/12/06/politics/06SPEN.html?todaysheadlines

-----

Vote on Spending Bill Is Risky for Republicans

President Bush threatened to veto a military spending bill
if it included money he had not sought.
http://www.nytimes.com/2001/12/06/politics/06CONG.html?todaysheadlines

-----

$25 Billion to Aid the Jobless Is Backed by House G.O.P.
Leaders

House Republican leaders offered to spend about $25 billion
to aid the unemployed as major issues before Congress
merged in furious end-of-session horse trading.
http://www.nytimes.com/2001/12/06/politics/06TRAD.html?todaysheadlines

-----

MORE POLITICS NEWS:
http://www.nytimes.com/pages/politics/index.html?todaysheadline

SPORTS
=========================
Baseball Teams Lost Half a Billion, Selig Says

Major League Baseball will claim that it lost more than a
half-billion dollars last season in a report that
Commissioner Bud Selig will unveil in testimony before the
House Judiciary Committee on Thursday.
http://www.nytimes.com/2001/12/06/sports/baseball/06BASE.html?todaysheadlines

-----

Kidd Gets First Laugh in Marbury's Return

Jason Kidd outplayed the player he was traded for last
summer, the Suns' point guard Stephon Marbury, and lifted
the Nets to an exultant romp over Phoenix.
http://www.nytimes.com/2001/12/06/sports/basketball/06NETS.html?todaysheadlines

-----

Tennessee's Defense Uses Element of Surprise

With a new defensive strategy called Prowler, Tennessee
sowed fresh confusion and reaped new success at Florida
last week.
http://www.nytimes.com/2001/12/06/sports/ncaafootball/06COLL.html?todaysheadlines

-----

MORE SPORTS NEWS:
http://www.nytimes.com/pages/sports/index.html?todaysheadline

ARTS
=========================
Looking for the Light in Cabaret Songs

Pop standards evoke a comforting continuity between now and
then, an assurance that in a climate overwhelmingly devoted
to disposable   novelty, some things are made to last.
http://www.nytimes.com/2001/12/06/arts/music/06CABA.html?todaysheadlines

-----

How van Gogh Would've Painted, if He'd Been on TV

"Rolf on Art" is an idiosyncratic BBC series that is as much
about its host, a jovial Australian with a triangular
beard, as it is about the artists he discusses.
http://www.nytimes.com/2001/12/06/arts/television/06ARTS.html?todaysheadlines

-----

De Niro Plans a Film Festival in TriBeCa

Robert De Niro and the film producer Jane Rosenthal say they
intend to bring some economic and emotional relief to the
beleaguered southern tip of Manhattan.
http://www.nytimes.com/2001/12/06/movies/06FEST.html?todaysheadlines

-----

MORE ARTS NEWS:
http://www.nytimes.com/pages/arts/index.html?todaysheadline

NY REGION
=========================
Ex-Chief of Sotheby's Is Convicted of Price Fixing

A. Alfred Taubman, principal owner of Sotheby's, was
convicted of conspiring with rival Christie's to fix fees
charged to auction house sellers.
http://www.nytimes.com/2001/12/06/arts/06SOTH.html?todaysheadlines

-----

Indictments Name 73 Linked to the Genovese Crime Family

Federal prosecutors announced sweeping indictments of dozens
of people they called leaders and associates of the
Genovese crime family.
http://www.nytimes.com/2001/12/06/nyregion/06MOB.html?todaysheadlines

-----

Private Security's Gain Is Public Safety's Loss, Police Say

In increasing numbers, the New York Police Department is
losing personnel to the private security industry.
http://www.nytimes.com/2001/12/06/nyregion/06SECU.html?todaysheadlines

-----

MORE NY REGION NEWS:
http://www.nytimes.com/pages/nyregion/index.html?todaysheadline

OP-ED
=========================
'Voices of Negativism'
By WILLIAM SAFIRE
Military tribunals are beginning to be recognized by cooler
heads in the White House, Defense department and C.I.A. as
more than a bit   excessive.
http://www.nytimes.com/2001/12/06/opinion/06SAFI.html?todaysheadlines

-----

Yesterday
By BOB HERBERT
George was only 58 when he died,   still a young man, which
tells me that   1964 was both a long time ago and   only
yesterday.
http://www.nytimes.com/2001/12/06/opinion/06HERB.html?todaysheadlines

-----

Rooting Out Terrorists Just Became Harder
By JAMES ORENSTEIN
Military tribunals may actually make it harder to prevent
and punish terrorism.
http://www.nytimes.com/2001/12/06/opinion/06OREN.html?todaysheadlines

-----

MORE OP-ED  NEWS:
http://www.nytimes.com/pages/opinion/index.html?todaysheadline

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I have updated the profile template to include new products (in magenta)  as
well as deleting the following from the template:

BEL Gas Fin Swap
BEL Gas Phy Opt
BEL Gas Phy Swing
ESP Power Fin Opt
NOR Power Phy Fwd
Nor Weather CDD opt
Nor Weather CDD Swap
Nor Weather PREC Opt
Nor Weather PREC Swap
UK Power Fin Opt
UK RejectedCoal CIF Phy Fwd
UK RejectedCoal CIF Phy Opt
UK Steamcoal CIF Phy Fwd
UK SteamCoal CIF Phy Opt
UK Weather CDD Opt
UK Weather CDD Swap
UK Weather PREC Opt
UK Weather PREC Swap
US Alum Fin Midwest Internal
US Alum Phy Midwest Transac
US Copper Fin Bonded Internal

Please begin using the new profile and let me know if you have any questions.

Thanks,
Stephanie


No problem
--------------------------
Sent from my BlackBerry Wireless Handheld (www.BlackBerry.net)


---------------------- Forwarded by Daren J Farmer/HOU/ECT on 02/25/2000
04:29 PM ---------------------------

	Enron North America Corp.

	From:  Sheri Thomas                           02/25/2000 04:18 PM

To: Mark Friedman/HOU/ECT@ECT, Jeffrey C Gossett/HOU/ECT@ECT, William
Kelly/HOU/ECT@ECT, Kathryn Cordes/HOU/ECT@ECT, Brent A Price/HOU/ECT@ECT,
Brenda F Herod/HOU/ECT@ECT, Robert Superty/HOU/ECT@ECT, Katherine L
Kelly/HOU/ECT@ECT, Daren J Farmer/HOU/ECT@ECT, Randall L Gay/HOU/ECT@ECT,
George Smith/HOU/ECT@ECT
cc: Sally Beck/HOU/ECT@ECT, Louise Kitchen/LON/ECT@ECT, Mark
Taylor/HOU/ECT@ECT
Subject: EOL killed deals

Over the past several weeks, we have seen an increase in the number of
"killed" or modified EOL transactions.   Please remind each of your
respective groups that this is not an option. Once a customer "clicks" on a
deal, we have a valid, binding contract.   We lose our audit trail, and we
can potentially expose ourselves from a Legal standpoint.   I talked to Mark
Taylor about this today, and the best option is for Legal to prepare a
termination agreement when we agree to let a customer out of a deal.  We
(Product Control) should be notified immediately if someone is requesting to
change an EOL deal.  You can call either myself, Jennifer Denny (x35824),
Frank Davis (x37235), or Dale Neuner (39746).

Call me if you have any questions.

Sheri
x36557


I took a brief look at the ABN guaranty--while not as offensive as many,
there are several policy issues, including the fact that there is not a
limitation on consequential damages, and that it does not have pay after 5
days language that is, in a word essential. While I hate to start a battle of
forms, I would recommend sending ABN the standard trading guaranty.

Sarah Wesner
06/28/2000 09:37 AM
To: Joseph Deffner/HOU/ECT@ECT, Sara Shackleton/HOU/ECT@ECT, Jason
Peters/Corp/Enron@Enron, Joel Ephross/Corp/Enron@ENRON, Ed Wood/HOU/ECT@ECT
cc:

Subject: Margin Lines

Good news.

ABN Amro told us yesterday that they want to pursue this line and have it
closed by the end of the week.  They asked us to send them a copy of the
documentation where it stands up to now.  They gave us a copy of their
mark-up of the Corp Guarantee which I gave to all of you.  ABN is motivated
to get this done and will be amenable on pricing.

Bank One talked to Jeff Shankman last night and has agreed to an effective
rate of 0 for the initial margin.  They will charge us FF+30 but will
reimburse us at FF+30 for any cash margins (see Schedule 1.)  Also Bank One
will charge $2.55 a side for the commission ($5.10 total.)  Jeff told Bank
One that ENE recently decided to pay all of its brokers the same fee
(explains discrepancy between documentation and commission quotes from
trading floor.)  As for the variation margin, the charge will be FF+30.  Bank
One has  documents:
Customer Agreement - amendments will be made to Schedule 1 to reflect newly
proposed commercial terms.
Enron Corp. Guaranty - Bank One needs to discuss Joel's request for Enron
standard documentation
Credit line document - Jason/Sara need to make any necessary comments
Master Note (Promissory note) - NY law/jurisdiction will be acceptable.  Bank
One needs to discuss Joel's' request for standard Enron documentation.

Let's get together today so that we can organise ourselves to get our
comments to the docs consolidated and close these as quickly and efficiently
as possible.

Thanks, Sarah


it might be a reasonable idea, as long as it isn't a weekly event


What about my camera info?????


---------------------- Forwarded by Eric Bass/HOU/ECT on 03/14/2001 11:47 AM
---------------------------

	From:  Julie Brewer @ ENRON                           03/14/2001 11:27 AM

To: Kam Keiser/HOU/ECT@ECT, Victor Guggenheim/HOU/ECT@ECT, Phillip M
Love/HOU/ECT@ECT, Sandy Olitsky/HOU/ECT@ECT, Jeffrey C Gossett/HOU/ECT@ECT,
Susan M Scott/HOU/ECT@ECT, Janie Aguayo/HOU/ECT@ECT, Larry Joe
Hunter/HOU/ECT@ECT, Kim S Theriot/HOU/ECT@ECT, Kara L Boudreau/HOU/ECT, Jean
Bell/HOU/ECT@ECT, Jeff Royed/Corp/Enron@ENRON, Anne Bike/Corp/Enron@Enron,
Errol McLaughlin/Corp/Enron@ENRON, Laura Vargas/Corp/Enron@ENRON, Luchas
Johnson/NA/Enron@Enron, Sherry Dawson/NA/Enron@Enron, Derek
Bailey/Corp/Enron@ENRON, Ellen Wallumrod/NA/Enron@ENRON, Michelle
Nelson/Corp/Enron, Stewart Range/NA/Enron, Shifali Sharma/NA/Enron, Keynan
Dutton/NA/Enron, Carole Frank/NA/Enron@ENRON, Bruce Mills/Corp/Enron@ENRON,
Veronica Hill/NA/Enron, Bianca Ornelas/NA/Enron@Enron, George Huan/NA/Enron,
Amy Cavazos/NA/Enron@ENRON, Elizabeth Shim/Corp/Enron@ENRON, Ryan
O'Rourke/ENRON@enronXgate, Eric Bass/HOU/ECT@ECT
cc:
Subject: Rebooks

If your name is in the right hand column, please rebook as indicated by
Credit.

Thanks.

Julie Brewer


Stevens-

Destin does not feel comfortable with volumes yet at your meter.  They are
waiting for final meter numbers before allocating to our transport contract.
That should happen some time next week.  We will send you those numbers and
the prices once we receive the final allocation.

Thanks,

Susan Pereira

Stevens_Hollister@eott.com on 11/06/2000 08:18:31 AM
To: "Susan W Pereira" <Susan.W.Pereira@enron.com>
cc: Dan_Cole@eott.com
Subject: Gas Daily Prices for Bazor Ridge

Susan,

There was a small amount of gas sold from the Kahuna Gas plant in October.
I have spoken with Joe Casa with Enron and he is going to provide volumes.
Can you please provide me the October pricing or give me the name of
someone who can?

Thanks,

Stevens


Check out the section under the heading Welcome.

---------------------- Forwarded by Kate Symes/PDX/ECT on 10/27/2000 08:11 AM
---------------------------

	From:  ENA Public Relations @ ENRON                           10/26/2000
09:00 PM

Sent by: Enron Announcements@ENRON
To: All_ENA_EGM_EIM
cc:

Subject: AmeriFlash

NOTE FROM THE EDITORS
The AmeriFlash Newsletter would like to keep you informed on global wholesale
news as well, so we have added business highlights from Enron's original
electronic newsletter, GlobalFlash, which was created by Enron Europe.

"What's on your Mind?"
If you have ideas or suggestions please forward them to Michelle Vitrella or
Kathie Grabstald.

FINAL DAY FOR THE PULSE

Today is the final day to provide feedback through the annual employee survey
-- The Pulse.  As of Thursday morning, 56.5% of the ENA/EGM/EIM employees
have taken part in the survey, which is an improvement from last year's
participation rate of 49%.  However, we are behind the company average and
most of the other business units.  Please take a few minutes today to provide
much needed and confidential comments regarding Enron and your work
environment.  The Pulse survey is located on the Enron intranet at
survey.enron.com.

If you like competition, here is how the ENA/EGM/EIM participation rate
stacks up against the other business units:

Enron Energy Services 96.88%
Enron Wind  89.96%
Enron India  89.47%
Net Works  77.78%
EE&CC   73.88%
NEPCO   64.37%
Enron South America 63.74%
Corporate Staff  63.52%
Company Average 61.10%
ENA/EGM/EIM  56.50%
Enron Broadband 55.89%
ETS (formerly GPG) 55.52%
Enron Europe  44.36%
APACHI  29.66%

Log on to survey.enron.com and make your opinions known.

BUSINESS HIGHLIGHTS

OIL PRODUCTS
Congratulations to the US Oil Products Trading Team!  On October 4, 2000 they
successfully completed a deal with a volume of 2,400,000 barrels with a
Notional Value of $80,640,000.  This is the highest Notional Value associated
with an EOL trade.

Kudos again for another great deal. They have done another large
crack-spread, this time for 100,000 barrels per month for calendar 2001. This
trade notionally values out at over $40 million and is the second largest
transaction conducted to date on EOL.

STEEL
Steel Trading and Origination teams, headed by Greg Hermans and Tim
Battaglia, respectively, have already defined a Hot-Rolled coil financial
product.  The contract has been drafted and is currently being discussed with
customers.

Financial Hot Rolled Steel will be posted on EnronOnline, allowing the steel
industry to hedge their price exposure for the first time in history. The
access to hedging products will help the steel industry manage technicalities
and smooth cash flow.  Over time, forward price curves with transparent
pricing should allow the steel industry to also benefit from improved access
to capital.

The next challenge will be to educate the steel industry about financial
swaps and derivatives as risk management tools.  The $300 billion steel
market should provide an excellent growth opportunity for Enron.

PRINCIPAL INVESTMENTS
FuelCell Energy, Inc. recently announced that it has entered into an alliance
with ENA.  FuelCell Energy and Enron will work together to develop and market
FuelCell Energy's Direct FuelCellc (DFCc) products.  In connection with the
alliance, Enron has invested $5 million in the common stock of FuelCell
Energy.  Additionally, FuelCell Energy will issue warrants enabling Enron to
purchase up to 1.3 million shares of FuelCell Energy common stock.

Fuel cell developer Dais-Analytic Corp. also announced an alliance with ENA.
As part of this alliance, Enron has made an equity investment in
Dais-Analytic and will support market development, distribution and other
field services for Dais-Analytic's fuel cell, humidity control and related
products.

ENA RESEARCH GROUP
What does the FX and Sovereign Risk Group within ENA,s Research Department
do?  We provide forecasts of foreign exchange rates as well as revenue and
cost escalators corporate wide for project valuation.  We advise the FX and
interest rate desks on Central Bank policies of the G3.  In addition, we
provide sovereign risk analysis on countries important to Enron's various
business units upon request, as well as provide services related to the
global macroeconomic outlook.  Our sovereign risk analysis is used in the
development of the E-ratings in cooperation with the Risk Assessment and
Control Group.  We have recently developed a presentation on &Fundamentals of
Non-ferrous Metals8 as well as one on "Sovereign Risk8.  We also advise the
fundamental analysis group within Enron Global Markets.

What,s new from the Country Risk and Foreign Exchange Team? On October 13th,
2000, we launched a new product called the Enron &International Monitor,8 an
international economic review that will be published each Friday by the FX
and Sovereign Risk Group.  The purpose of this product is to inform the
foreign exchange traders as well as management about important international
economic events and their impact on currency and financial markets.  Special
emphasis is placed on potential central bank policy changes and the impact
these changes have on interest rates and currencies.  We also monitor other
key markets, with a special focus on oil, and its impact on consumer,
producer and equity prices. The International Monitor can be found on the ENA,
s web site, by accessing
http//ecthou-webcl1.nt.ect.enron.com/research/ForeignExchange/FXMain.htm.

Please email Leann Walton if you would like to receive the International
Monitor weekly by email, or if you would like us to email you the first two
issues.  Visit our web site at http://home.ect.enron.com/ - Select
Departments / Research.  You will find also many useful links to other web
sites here relevant to Enron,s businesses.

NEWS FROM GLOBALFLASH

Enron Launches Financial Plastics & Petrochemicals Derivatives on EnronOnline
Enron is to start trading a new range of financial swap contracts for the
plastics and petrochemicals industry on www.enrononline.com, the company,s
free, real-time Internet-based trading platform. This is the first time that
these derivative products, designed to help clients better manage the price
volatility which characterises the multi-billion dollar industry, have been
made available on the Internet in Europe.

Gas Deliveries in Germany
Since 1 October 2000, Enron has been the first and only non-incumbent player
to be able to serve customers within Germany by delivering gas to three local
utilities, those of Heidelberg, T_bingen, and Bensheim.  Carsten Haack who
closed the first deal with Heidelberg and was in charge of negotiation of the
transport did mention that the procedures are still complicated and lengthy
and that the terms and conditions for future agreements will need to be
easier, more transparent and standardised. Helge-J_rgen Beil from the
Frankfurt office who closed the gas deals with the municipalities of T_bingen
and Bensheim said that these deliveries are encouraging but do not guarantee
the future yet.   Another positive aspect is that Enron's continental gas
trading team was able to do the first gas trade within Germany with some of
the gas Heidelberg contracted for but could not take on.

Liquid Fuels Group Launches Tanker Freight Forwards
Scott Moncrieff, a director in the group, has with his team introduced tanker
freight forward contracts on to EnronOnline, to offer a standardised hedging
contract in today's highly volatile tanker market, currently worth in excess
of US$ 10 billion per annum.

And on the Dry-Side......
Pierre Aury, Chris Connelly and their team introduced a similar on-line
forward freight swap in June and to date, have traded contracts with a
notional value of US$ 8 million, equivalent to 20 million metric tonnes of
combined physical and financial contracts.  The routes are  from Colombia and
South Africa to Rotterdam, which are key routes for coal transport.

WELCOME

Transferred Into ENA/EIM/EGM
ENA ) Johnny R. Palmer/Staffing Resources, Anna Briggs/Principal Investing,
Carol Coats/Human Resources
EGM ) Andrea Hauser/US-GP Products Trading

New Hires ENA/EIM/EGM
ENA ) David Jones/East Origination, Marnie Lamb/Merchant Finance, Mathew-Joy
Noveena/Tax, Reynaldo Romero/Gas Assets Oper Mgmt, Mary Symes/West
Origination-Portland
EGM ) Brad Lawson/Financial Operations, Sandeep Ramachandran/Weather Trading

IN THE NEWS

&Enron delivered very strong earnings growth again this quarter, further
demonstrating the leading market positions in each of our major businesses,8
said Kenneth L. Lay, chairman and CEO of Enron. &Our wholesale and retail
energy businesses have achieved record-setting levels of physical deliveries,
contract originations and profitability. We operate in some of the largest
and fastest growing markets in the world, and we are very optimistic about
the continued strong outlook for our company.8  --- from Enron's 3rd Quarter
Earnings Press Release

NUGGETS & NOTES

&I,m looking for some high velocity capital.8  -  Brian Redmond,
President/HPL, Managing Director/Assets/Upstream Origination-ENA

&Can I get this NOW?8 - Gary Hickerson, Managing Director/Equity Trading-EGM

"I like the innovative ways that Enron does things. They take a refreshing
approach to the stagnant steel industry." - Kevin O'Donnell, Director/Steel
Trading

CONTEST

The cut off date for The Name This Newsletter Contest is Friday, November 3.
Keep the ideas coming!

TEASER

In your cellar there are three light switches in the OFF position. Each
switch controls 1 of 3 light bulbs on the floor above.  You may move any of
the switches but you may only go upstairs to inspect the bulbs one time.  How
can you determine the switch for each bulb with one inspection? Please send
answers to michelle.vitrella@enron.com, the winner will receive AMC Movie
passes.


------------------------------------------------------------------------------
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W E E K E N D   S Y S T E M S   A V A I L A B I L I T Y

F O R

April 27, 2001 5:00pm through April 30, 2001 12:00am
------------------------------------------------------------------------------
------------------------

SCHEDULED SYSTEM OUTAGES:

ARDMORE DATA CENTER - FACILITY OPERATIONS: No Scheduled Outages.

AZURIX: No Scheduled Outages.

EB34 DATA CENTER - FACILITY OPERATIONS: No Scheduled Outages.

EDI SERVER: No Scheduled Outages.

ENRON CENTER SOUTH DATA CENTER - FACILITY OPERATIONS: No Scheduled Outages

ENRON NORTH AMERICAN LANS:  No Scheduled Outages.

FIELD SERVICES:  No Scheduled Outages.

INTERNET: No Scheduled Outages.

MESSAGING: No Scheduled Outages.

MARKET DATA: No Scheduled Outages.

NT: No Scheduled Outages.

OS/2:  No Scheduled Outages.

OTHER SYSTEMS:    ALSO SEE ORIGINAL REPORT
Impact:  CORP
Time:  Fri 4/27/2001 at  6:00:00 PM CT thru Fri 4/27/2001 at  8:00:00 PM CT
 Fri 4/27/2001 at  4:00:00 PM PT thru Fri 4/27/2001 at  6:00:00 PM PT
 Sat 4/28/2001 at 12:00:00 AM London thru Sat 4/28/2001 at  2:00:00 AM London
Outage:  ClearCase Patch
Environments Impacted:  Corp
Purpose: This patch will resolve several issues involving the MVFS (ClearCase
file system.)
Backout: Remove the patch
Contact(s):  Troy Beyer  713.345.8316  713.406.1782

SITARA:  No Scheduled Outages.

SUN/OSS SYSTEM: No Scheduled Outages.

TELEPHONY:
Impact:
Time:  Sat 4/28/2001 at  9:00:00 AM CT thru Sat 4/28/2001 at  11:00:00 AM CT
 Sat 4/28/2001 at  7:00:00 AM PT thru Sat 4/28/2001 at    9:00:00 AM PT
 Sat 4/28/2001 at  3:00:00 PM London  thru Sat 4/28/2001 at  5:00:00 PM London
Outage:  ISDN Calling Name and Number
Environments Impacted:  All
Purpose: To allow for number and name to appear on telephone displays.  If
testing is successful,
permanent changes will be put into effect at a later date.  These will not be
service affecting.
Backout: Unbusy trunk group.
Contact(s):  Cynthia Siniard       713-853-0558
  Harold Williams      713-345-8917

TERMINAL SERVER:  No Scheduled Outages.

UNIFY:        SEE ORIGINAL REPORT

------------------------------------------------------------------------------
-----------------------------------------------

        FOR ASSISTANCE

(713) 853-1411   Enron Resolution Center

Specific Help:
Information Risk Management   (713) 853-5536
SAP/ISC
        (713) 345-4727
Unify On-Call      (713) 284-3757  [Pager]
Sitara On-Call     (713) 288-0101  [Pager]
RUS/GOPS/GeoTools/APRS   (713) 639-9726  [Pager]
OSS/UA4/TARP    (713) 285-3165  [Pager]
CPR      (713) 284-4175  [Pager]
EDI Support      (713) 327-3893  [Pager]
EES Help Desk     (713)853-9797 OR (888)853-9797


The information contained herein is based on sources that we believe to be
reliable, but we do not represent that it is accurate or complete.  Nothing
contained herein should be considered as an offer to sell or a solicitation
of an offer to buy any financial instruments discussed herein.  Any
opinions expressed herein are solely those of the author.  As such, they
may differ in material respects from those of, or expressed or published by
on behalf of Carr Futures or its officers, directors, employees or
affiliates.  ? 2001 Carr Futures

The charts are now available on the web by clicking on the hot link(s)
contained in this email. If for any reason you are unable to receive the
charts via the web, please contact me via email and I will email the charts
to you as attachments.

Distillate     http://www.carrfut.com/research/Energy1/hoil53.pdf

Daily Energy Letter
http://www.carrfut.com/research/Energy1/Energy-Letter1-10-02.pdf


---------------------- Forwarded by Rob G Gay/NA/Enron on 01/31/2001 02:06 PM
---------------------------
From: Eddy Daniels on 01/31/2001 04:10 PM
To: Rob G Gay/NA/Enron@Enron
cc: John Novak/SA/Enron@Enron

Subject: Re: OPIC letter

Rob --

Here is the letter with the section on the YPF GSA revised as we discussed.

Best Regards,
EDD


I know we transported on Midcon due to problems with the plant at the point.
I am not sure about the rate.

D

Lauri A Allen
02/24/2000 02:52 PM
To: Elsa Villarreal/HOU/ECT@ECT, Daren J Farmer/HOU/ECT@ECT
cc:
Subject: Re: Midcon Invoices

Do you guys agree with the rate?
---------------------- Forwarded by Lauri A Allen/HOU/ECT on 02/24/2000 02:51
PM ---------------------------
   Kellie Bilski                02/24/2000 02:19 PM

To: Lauri A Allen/HOU/ECT@ECT
cc:
Subject: Re: Midcon Invoices

Midcon is billing us $.05 from Katy to Cogen.

Lauri A Allen
02/24/2000 01:57 PM
To: Kellie Bilski/HOU/ECT@ECT
cc: Elsa Villarreal/HOU/ECT@ECT, Daren J Farmer/HOU/ECT@ECT
Subject: Midcon Invoices

Kellie-

I researched the statements you sent me and found deal ticket #109925 in
Sitara which shows HPLC transporting on Midcon from Live Oak to Hardy Street
for $.04/mm for the months of August and September.

The statement for November covers gas moving from Katy tailgate to Cogen
Lyondell and is covered by Sitara deal ticket #133257.  The deal ticket shows
a zero rate, however.  Elsa/Daren- do either of you remember this deal?  It
was on November 30th for 5000mm.  Kellie- what is Midcon charging for this
haul?

Thanks.


I just looked over your draft of the fundamental operating standards again.
I think they are very good and I am just worried about completeness (what are
we missing).  One thing that occurs to me is logistics and somehow
reconciling planned physical activity to scheduled activity to actual
recorded and settled activity.  Is this covered somehow??  Hope all is well.


All,

I was thinking along similar lines - HD should moderate growth in the
coming year - only invest in opening 2-3 new stores in locations with the
highest estimated ROI, or perhaps those that are?the most complete
(since there is some construction in progress already) to reduce any
incremental expense.?
Focus instead on improving operating efficiencies which have been
steadily deteriorating to increase investor confidence/stock price.
Then expand via another public offering at a later date.?

Sarah had asked in class to look?into whether HD was going to be
able to make payroll in the coming year. I tried to do this assuming no
expansion (freeze all construction in progress). Using Mark's
spreadsheet and backing out the new store acquisition
costs, and reducing inventories that would have been part of the
new stores, this still leaves a cash need from financing
of $25.8 mil in order to meet operational ! needs. So they?are going to
need to tap into credit lines for at least this amount regardless.

I will be in class tonight. If you have a conf call, could we do it at
7:30? If we do, please send across details before 5PM, or else
you can just leave me a voice mail on my cell at 916 600 1245
and I'll retrieve it during break...

-Anil

? Mark Guinney <Mark_Guinney@watsonwyatt.com> wrote:
Jeff, I assume you can coordinate a conference call from work. Call me at
home:
415-388-2548.

Excellent points and I was thinking along similar lines. Questions I have:

How do you know that LT debt gives more advantageous terms? We have no yield
curve info nor do we know their credit rating.
At what point does their borrowing exceed their covenents?
Is our strategy to not raise the required $66million or to stop/slow PPE
spending so that the $66m is not needed?

**********************************************
Mark D. Guinney, CFA
Consultant
Watson Wyatt Investment Consulting
345 California Street, Ste. 1400
San Francisco, CA 94104
(415) 733-4487 ph.
(415) 733-4190 fax

____________________Reply Separator____________________
Subject: Re: HD Case: Proposed Plan
Author: Jeff.Dasovich@enron.com
Date: 02/07/2001 ! 11:25 AM

Hi folks:

Since we have only one page, the write up for number 4 will have to be very
brief. Before writing it, though, I wanted to offer a few bullets
regarding what angle we might take, and let folks respond, comment,
counter, etc. before writing it up. I'll clean and beef up once we've
agreed to the approach we'd like to take to question #4. Finally, I can
work from my office on this this evening, which means that I can use the
conference call capability of my office phone to patch everyone in if we'd
like to do a conference call. If that's what folks would like to do, I'd
prefer to do the call at around 7 PM. Just let me know.

Best,
Jeff

The question for #4 is:

Stock price is down 23%, significant debt has already been tapped to
support massive growth and covenants on that debt restrict taking on a lot
more debt.

What should HD do w.r.t. current operations and future growth strategy?
I! n the near term focus less on growth and more on getting margins and
EBIT growth back in line with results from previous years. (Management's
Letter to Shareholders alludes to this, but it's difficult to determine
whether management is just paying lip service to the need to capitalize on
the growth spurt and grown earnings, or continue on the growth effort.)

With respect to funding future (more moderate growth), the company
does have some room to increase long-term debt (e.g., current ratio for
1986 = 2.26). It seems that HD would get better terms and have increased
flexibility by issuing additional debt rather than relying on lines of
credit. As such, HD ought to look those sources of funding and fill in any
"funding gaps" with funds from the line of credit.

Given the significant drop in stock price, HD is likely better off in
the near term 1) moderating growth, 2) improving performance to generate
cash internally, and 3) using! long-term debt issuance to provide the funds
needed. Once performance and stock price improves, then HD should consider
a stock issuance.

How can company improve operating performance?
Reduce selling, store operating expenses and pre-opening expenses
Improve receivables turnover
Improve inventory turnover
Improve per store/sales
Consider closing poor-performing stores
All of which will improve margins

Should company change its strategy? If so how?
Shift from meteoric growth to moderate, targeted growth, and focus on
generating positive cash flow from operations
Focus on improving performance at existing stores; specifically focus on
controlling costs and asset turnover and productivity
Consider another debt issuance rather than rely extensively on credit
line in order to decrease cost of funds and increase flexibilit

Do You Yahoo!?
Yahoo! Auctions - Buy the things you want at great prices.


---------------------- Forwarded by Daren J Farmer/HOU/ECT on 01/06/2000
03:57 PM ---------------------------

Robert Superty
01/06/2000 08:32 AM
To: Katherine L Kelly/HOU/ECT@ECT, Edward Terry/HOU/ECT@ECT, Randall L
Gay/HOU/ECT@ECT, George Smith/HOU/ECT@ECT, Daren J Farmer/HOU/ECT@ECT, Pat
Clynes/Corp/Enron@ENRON
cc: Heather Choate/HOU/ECT@ECT
Subject: Re: Request for Application Report List

This is a follow up to the earlier email I forwarded regarding CES historical
information. Note the deadline of 1/15, I believe that should be Friday 1/14
so I need your responses by Thursday 1/13.

Please fill out the spreadsheet for each area and forward back to me. I will
consolidate our responses from a Logistics perspective. Lets have them add
everything they need and if challenged we can re-review later.

Thanks - Bob
---------------------- Forwarded by Robert Superty/HOU/ECT on 01/06/2000
08:24 AM ---------------------------

	From:  Bryce Baxter                           01/05/2000 12:00 PM

To: Sheri Thomas/HOU/ECT@ECT, Robert Superty/HOU/ECT@ECT, Mark
Friedman/HOU/ECT@ECT, Mary Solmonson/HOU/ECT@ECT, Bob Klein/HOU/ECT@ECT,
Georgeanne Hodges/HOU/ECT@ECT, Lisa Csikos/HOU/ECT@ECT, Rita Wynne/HOU/ECT@ECT
cc: Inja Chun/HOU/ECT@ECT, Brent A Price/HOU/ECT@ECT, Tommy J
Yanowski/HOU/ECT@ECT, Susan Harrison/HOU/ECT@ECT, Lawrence R
Daze/HOU/ECT@ECT, Pamela Chambers/Corp/Enron@Enron, jpeeple@columbienergy.com
Subject: Re: Request for Application Report List

Last month Richard Burchfield sent us the following list of reports that are
available from CES's systems.  IT is working on a way to secure an electronic
copy of the required reports and making them available to us online via the
electronic document management system.  While ENA is not liable for pre-2000
business, we may need to assist with research as issues arise.  In order to
get the ball rolling, we need to get a list together of the reports we need.
Please fill out the attached spreadsheet and list any reports that you need
and return it to me by Friday, 1/15/2000.  If you do not want any reports,
please send me an Email letting me know that.  I have included samples of how
to fill this out, and if you have any questions please give me a call.

If you aren't sure which reports you need based on the names, please get with
any CES employees you have hired or with a CES transition employee to get
clarification.  If you need samples of any of these reports please let my
assistant, Pam Chambers, know and she will coordinate getting a sample report
printed for you.

In addition, I will need a list of the users and their logonid's who will
need to have access to this data.  Please send that to me by the 15th as
well.

Thanks, Bryce

Richard Burchfield
12/01/99 04:58 PM
To: Sheri Thomas/HOU/ECT@ECT, Robert Superty/HOU/ECT@ECT, Brent A
Price/HOU/ECT@ECT, Mark Friedman/HOU/ECT@ECT, Mary Solmonson/HOU/ECT@ECT,
Tommy J Yanowski/HOU/ECT@ECT, Bob Klein/HOU/ECT@ECT, Bryce
Baxter/HOU/ECT@ECT, Georgeanne Hodges/HOU/ECT@ECT
cc:
Subject: Re: Request for Application Report List

All,
 Below is attached the report list for CES.

Richard
---------------------- Forwarded by Richard Burchfield/HOU/ECT on 12/01/99
03:48 PM ---------------------------

cdeaton@columbiaenergygroup.com on 12/01/99 01:25:37 PM
To: Richard Burchfield/HOU/ECT@ECT
cc: "        -         *Peeples, Jeff" <jpeeple@columbiaenergygroup.com>,
"        -         *Licarione, Linda" <llicari@columbiaenergygroup.com>
Subject: Re: Request for Application Report List

Please see the attached for the Altra GMS report listing.  Please forward any
additional questions relating to Altra GMS to Linda Licarione (713-693-2845)
or
Jeff Peeples (713-693-2597).  Thanks.

Linda Licarione
12/01/99 01:04 PM

To: Clay Deaton/CES/ColumbiaGas@ColumbiaGas
cc:
Subject: Request for Application Report List

Attached is a list of 210 reports from Altra GMS.  Please note that we may not
be using all of these reports.  If you need me to scale this down to those
currently being used, I will need to do a bit of analysis.  Many of the base
reports, those denoted in the spreadsheet with filename-location (1st column)
=
master.mdb are not currently being used at CES.  Let me know if you have any
questions.

---------------------- Forwarded by Linda Licarione/CES/ColumbiaGas on
12/01/99
12:58 PM ---------------------------

Clay Deaton
11/30/99 01:27 PM

To: Linda Licarione/CES/ColumbiaGas@ColumbiaGas
cc:
Subject: Request for Application Report List

Can you provide me with a complete list of GMS reports?

---------------------- Forwarded by Clay Deaton/CES/ColumbiaGas on 11/30/99
01:26 PM ---------------------------

rburchf@ect.enron.com on 11/30/99 10:36:11 AM
Please respond to rburchf@ect.enron.com

To: Clay Deaton/CES/ColumbiaGas@COLUMBIAGAS
cc: csulliv@ect.enron.com, bprice@ect.enron.com
Subject: Request for Application Report List

Clay,
     I have had several requests from the ENA business groups. now that the
agreement has been finalized, for report lists from your key applications,
those
being, Altra GMS and Risk Works( there may be others as people become more
aware). There will be a need for information for ENA to manage contracts as we
go through he transition period. We feel this would be an easier process to
work
through if ENA knows what kind of information they can request as we go
through
the transition.

Thanks, Richard

 - GMS_ReportListing by Header.xls


"If everybody is thinking alike, then somebody isn,t thinking.8  - George S.
Patton, Jr.

Keeping with our Mind,s Eye Madness week, be sure to check out the Enron Mind,
s Eye Motorcade
on Friday, April 27th from 11:30am to 1:00pm at the Big E Cafe.  This art car
convoy will spend the day visiting
Enron-designated stops in the community to promote innovation and
creativity.  Mirroring Enron,s innovation,
these artists think about the way things could be and are not limited by the
way things are.

Featuring:
Lunch by Escalantes Mexican Grille - choice of beef, chicken or veggie
fajitas with trimmings, dessert and a drink for $5.
Live salsa music will be provided by Tropicrew, featuring Enron,s own Ms.
Alex Villarreal as the lead singer.
Non-profit organizations represented will include the March of Dimes, SEARCH
and the Lupus Foundation of America.
Get lunch free if you're dressed "freaky"!

Word of the Day
Zeitgeist \TSYT-guyst; ZYT-guyst\, noun:  The spirit of the time; the general
intellectual & moral state or temper characteristic of any period of time.


Teb and Blair, I and Bill Rapp (and, maybe, Staci) will sit in on this.  You and/or Blair are welcome to sit in too.  I know that it is a long time to tie up a lot of people, so I am happy to report to you the results.  Frazier

 -----Original Message-----
From: 	Butler, Janet
Sent:	Monday, January 28, 2002 9:49 AM
To:	King Jr., Frazier; Rapp, Bill; Holtzman, Staci
Subject:	INGAA Conference Call

INGAA has arranged a conference call to discuss material deviations this Wednesday, Jan. 30, at 12:00 - 2:00 p.m. (Central time). Rick Smead will be chairing the call.  The call-in number is:  712-271-0007; password is INGAA.


---------------------- Forwarded by Kate Symes/PDX/ECT on 03/23/2001 04:17 PM
---------------------------

"Winston Goodbody" <wgoodbody@hotmail.com> on 03/23/2001 04:20:30 PM
To: Kate.Symes@enron.com
cc:

Subject: Re: bananas and other things you can call me with

Hi Kate,

Thanks for the email.  Sorry it's taken me a while to respond but it's chaos
here as we prepare to head off for the next part of our trip today.  Glad to
hear the glow of the screen still has you enthralled.  Keep hitting F9 and
all will be well.  The bit when the screen flashes like a disco ball means
your pay is being cut.  I hope all those hideous applications I built that
you were using haven't blown sky high.  But you know I did put little bugs
in all of those things so that they would stop working about 4 months after
I left.  Sorry!  I neede to ensure there would be work for me to do when/if
I come back.

Your plans for a summer escape sound fun.  But what you should really do is
come out to Jackson with Elliot at the beginning of May.  We're planning a
debauched weekend here right after we finish a section of the trip.  Should
be fun.  Just the thing for relieving stress from staring at the screen.  By
the way, have you seen the movie Office Space?  I'd recommend it.

Please check that Elliot is actually working from time to time.  He does
this routine where he'll have a bunch of things up on his screen, but his
eyes are actually closed.  Whenever you see that, just throw something at
him.  Of call his phone and says it's Jeff Skilling.

Hope all is well in sunny Portland.  Keep me posted on any unseemly office
gossip.

Talk to you soon.

Winston

>From: Kate.Symes@enron.com
>To: wgoodbody@hotmail.com
>Subject: bananas and other things you can call me with
>Date: Thu, 22 Mar 2001 12:08:06 -0800
>
>Greetings from the land of watery-eyed, flat-assed office workers! How goes
>the burly mountain man thing? I've been hearing second hand from Elliot
>that you're faring extremely well mentally despite some poorly crafted
>sleeping bags and a bad case of frostbite on your toes. (That second part I
>made up, but it sounded appropriate given the sleeping bag situation.)
>All's well here. As you could imagine, and probably often do, the sweeping
>expanse of people staring at computers that is Enron has changed not at all
>since you left. There are still many computers, many of them have changed
>positions, some have gone away, most we are not sad to see go. That's just
>the nature of this cutthroat business. Also on the stagnantly invariable
>list is the status of my life in relation to Enron. I am still here. I
>still stare at the computer. Every once in awhile I meander over to the
>dark window-less corner that enshrouds the IT wizards and ask them silly
>questions like, "What does it mean when I hit this button and my screen
>starts flashing at me like a disco ball, then makes this awkward shrieking
>noise and finally goes black?" They are incredibly helpful. I am still
>pretty much clueless about most things, although I've learned to talk about
>them with a semblance of authority, as in, "No, you twit, the 25 megawatt
>off peak deal should clearly be flowing across SP-15 to NP-15 because of
>the illiquidity of SP's market right now. What kind of idiot wouldn't hedge
>their position in California at a time like this?" It all sounds very
>exotic and important to me, which is why I'm still here. But I'm infinitely
>jealous of your wild exploits in the great American outdoors. I suspect my
>forbearance for sitting in an office will run out right around the middle
>of the summer, so I'm planning a trip to coincide with that meltdown. I
>haven't decided between a road trip through the western United States or
>just a direct flight to Paris. Both sound good, and way beyond my budget,
>therefore equally attractive. Well, I've managed to say practically nothing
>for long enough now. I do hope you're having an amazing time, rambling on
>toward the next crazy adventure on the horizon as I believe Jack Kerouac
>once wrote. We're all very proud of you here and constantly refer to you as
>"my good friend Winston who's skiing across the state of Wyoming, which was
>my idea." I'd love to hear about your trip direct from the source, although
>I know you're extremely busy out there, skiing and killing wild animals for
>sustenance and whatnot. But please do write back....if you can still move
>your fingers.
>
>Sincerely,
>Kate
>(the slightly ditsy one who sits in the middle of the room and tries to
>look constantly busy)
>

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


Gentlemen,

We have revised the option agreement to reflect most of your suggested
changes.  Please advise if the attached is acceptable.

Thank you,

Kay


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IssueAlert for  March 22, 2001

New York Obstacles Thwart Sithe Energies' Plans for New Power Plant

by Will McNamara
Director, Electric Industry Analysis

[News item from PR Newswire] Sithe Energies, Inc. announced that, in response
to issues raised by local residents, the company is reassessing its plans for
a power generating facility in Ramapo, New York. The alternative currently
under review is a smaller "peaking" facility, which would use no water for
generation and operate only during a time of peak electricity use and
emergencies to help ensure reliability of the region's electricity supply.
Originally slated as an 827-MW combined cycle facility fueled by natural gas,
the alternative plant is a 510-MW peaking unit also powered by natural gas.

Analysis: Sithe Energies' original plans for the Ramapo plant appear to have
been thwarted by concerns among local residents who opposed certain aspects
of the plant. Ramapo is located 30 miles north of New York City. Chief among
the concerns of local residents is that Ramapo plant was originally planned
to run all the time to meet demand, and as a result would use local water
resources for cooling purposes. In response to the concerns of residents,
Sithe is modifying plans for the plant and reducing its planned output.
Unfortunately, Sithe plans to move forward with a smaller peaking unit at the
very time when it has become increasingly clear that the state of New York
has some rather serious power supply concerns.

For background, it is important to note that Exelon Corp. owns nearly half of
Sithe Energies. In December 2000, Exelon acquired 49.9 percent of the stock
of Sithe. The remaining 50.1 percent of Sithe is owned by Vivendi (34
percent), Marubeni Corp. (15 percent) and Sithe Management (1 percent). The
acquisition marked the continuation of an aggressive generation expansion
plan on the part of Exelon.

Jim McGowan, Sithe senior vice president for development, referenced the role
that public opposition played when he spoke about the new plans for a peaking
unit in the area. "Sithe has a strong history of working closely with local
communities and inviting their input to ensure their major issues are
addressed," McGowan said. "We've listened carefully to [residents'] concerns
and are addressing them by considering a facility that is clean, less
visible, and uses no water for generation." McGowan further noted that the
new peaking plant will only operate a limited number of hours annually while
fulfilling the region's growing need for electricity during times of peak
consumer demand.

As an independent power producer, Sithe Energies owns power plants across the
United States and internationally. The company has a generation presence in
such states as California, Colorado, Massachusetts, New Jersey and
Pennsylvania (among several others). In New York, Sithe Energies owns four
rather small plants and one large plant that generate approximately 1,329 MW:
Batavia (58 MW), Independence Station (Scriba, N.Y., 1,042 MW), Massena (86
MW), Ogdensburg (83 MW), and Sterling (Sherill, N.Y., 60 MW). In addition to
the proposed peaking plant in Ramapo, Sithe Energies also has proposed
Heritage Station, an 800 MW power plant located near Lake Ontario. A full
siting review in New York normally takes a year to complete. However,
projects under 80 MW are not required to go through the extensive
environmental impact statement, which generally involves a detailed*and time
consuming*examination of alternatives.

The state of New York has not brought a new plant online since 1996, when a
200-MW plant opened in Brooklyn. It has been almost seven years since a 1,000
MW unit in Oswego, N.Y., marked the last plant to open upstate. Further, New
York expects only a 3.5-percent increase in new capacity in the next three to
four years. Consequently, concerns about the state's ability to meet
increasing demand for power have gained momentum, heightened by the ongoing
problems in California. Pressure has been placed on New York regulators to
expedite the approval steps for siting new plants in the state. However, at
the same time, environmental groups closely guard the proposals for new
plants and often lobby for limitations on how and where the new plant will
produce power. This appears to be the case in Sithe Energies' Ramapo plant,
which is proceeding on the condition that it will not use water resources to
generate power.

While other new plants are being planned in New York, realistically it will
be two years or more before they come online and provide sufficient capacity
to ease concerns about shortages. Meanwhile, the state enters this summer's
season with significant doubts about its ability to meet power demands. "New
York City, like other areas of the Northeast, the Midwest and California, is
in a very serious situation," reported a member of the New York Public
Service Commission to the New Assembly.

While the entire state of New York is subject to shortages, the problem
appears to be particularly acute in New York City. A November 2000 FERC
report entitled "Investigation of Bulk Power Markets, Northeast Region,"
highlights specific capacity problems in the New York City/Long Island
community of 11 million people. These areas are particularly vulnerable
because they are isolated from most of the state's grid, the study says. Like
northern California, which suffered rolling blackouts due to transmission
constraints, New York City and Long Island can only import limited quantities
of power on constrained transmission lines. Hydro and fossil resources are
plentiful in upstate New York, but cannot reach the city. Being both densely
populated and heavily residential, it is difficult to site new power plants
in the area. Consequently, 80 percent of the power that the city consumes is
generated by the city. New plants are being proposed because New York City
reportedly will be 300 MW short of its required 8,428-MW generating capacity
needs this summer. That projected shortfall is expected to increase by
another 200 MW by summer 2002.

Increased demand is causing additional problems for the energy markets of New
York City and New York State. Demand in the state rose by 2,700 MW from 1995
to 2000, or 2.5 times as fast as new generation capacity was added. This
year's demand is expected to reach 31,100 MW, or about 3.7 percent above
regulators' earlier forecasts. According to the FERC report, New York City's
load should reach 10,535 MW this summer alone, requiring 8,428 MW of in-city
capacity, along with imports, to meet demand and provide a reserve margin.
With a current capacity of 8,132 MW, there is a potential 296 MW shortfall.
Long Island has a potential 131 MW shortfall to meet the required 4,653 MW of
power.

The report confirms earlier projections by FERC Chairman Curt HSbert and
others that unless New York gets additional generation capacity online within
the next few months, the state could suffer some of California's problems.
However, despite the need for additional power generation in the state, the
intense public scrutiny of Sithe's plant in Ramapo echoes similar protests
from environmental groups and politicians for new generation plants
throughout the state. For instance, the New York Power Authority's (NYPA)
plan to install ten 44-MW combustion turbines by June was met with opposition
from environmental groups like the New York Public Interest Research Group
(NYIRG), which has sued the NYPA, charging that it circumvented the
environmental review process for siting new plants. In addition, FERC's
report included data from the New York ISO indicating that there were
approximately 74 projects proposed to be built in New York State (as of
November 2000). The report indicated that only one of these projects is
likely to be built in the next three to four years.

Although Sithe has modified its plans into a smaller peaking unit, McGowan
has reiterated that New York should not fall behind in meeting its energy
requirements. If it does, it will make the same mistakes for which California
is now paying a tremendous price. Along the same lines, William Muesler, CEO
of the New York ISO, recently said that to avoid a replication of
California's market meltdown, New York must move quickly to build more power
plants. Muesler cited that 8,600 MW of new power plant capacity, 25 percent
more than is currently available, must be constructed in New York by 2005 or
shortages will become likely, pushing up prices and increasing the odds of
rolling blackouts.

However, despite these clear warnings about the need for new power plants,
"not in my back yard" has been a common response in New York. Even New
Jersey's acting Governor Donald T. DiFrancesco has joined the ranks of those
opposing new power plants in the region. DiFrancesco reportedly told a
meeting of about a dozen North Jersey mayors who oppose new power plants that
he has created a task force to help opponents of various power plant projects
in New York and New Jersey. Included in the task force are members of
DiFrancesco's own staff, the state Department of Environmental Protection and
the Attorney General's Office. Moreover, although California offers a clear
picture of the ramifications that can result from not establishing adequate
supply, New York appears to be heading down a similar path. Although
California and New York have different restructuring models, one market
factor is the same in both states: supply that cannot meet demand. We know
the toll that this inequity has had on California. Is it only a matter of
time before New York suffers the same consequences?

An archive list of previous IssueAlerts is available at
www.ConsultRCI.com

Reach thousands of utility analysts and decision makers every day. Your
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Copyright 2001. SCIENTECH, Inc. All rights  reserved.


Frank:
Just following up on two topics.
One: Larry May's book continues to run at a VAR of 2,500,00 despite the fact
his P&L is never close to that.  Can you check that his exotics book
positions are being picked up in his VAR calcs.

Second:  Have you looked into applying a band-aid to the understating longer
term Vol problem until we change formulas?

John


Geoffrey -

In following-up on our conversation late last week regarding the BETA and Fee
Agreement, I have taken a shot at revising them pursuant to your comments.  I
have incorporated most all of the items discussed, but was unable to
accommodate certain requests.   I have attached below the revised agreements.

When you have a chance, please look them over and discuss them with your
client.  I welcome any comments, questions or further requests.

Mark
Senior Counsel, EWS
Phone:     713-345-8897
Facsimile: 713-646-3490
E-Mail:      Mark.Greenberg@enron.com


Tana,

Attached please find a cws for a Master ISDA Agreement between ENA and
Bellingham Cold Storage.  Please call with any questions.

Regards,
Tracy
x3-0554


I am working with Kinder/Morgan on pricing a 3 year deal off of one of their
facilities.  These are the facilities that we looked at late last year for
buying 2 of their plants.  The plants have a configuration of: 6 LM 6000's, 2
GE 7EA's and steam turbine.  They are able to run in at peak, swing and base
load levels very easily.  They are looking for a 3 year  term deal for 510
MW's, with $1.00 VOM and Heat Rate of 8,531 located in Little Rock, ARK..
Pricing starts June 02 and goes to Cal. 04.  Anyway, I want to know if you
guys are able to meet tomorrow at 2:00pm to talk about pricing up this
deal.   It should only take about 15-25 minutes.  Thanks for your time.

Ben
3-7998


I think this is a good chance to get back on our Monday schedule.  Not that I
don't want to have Spanish, but.....  If we didn't have Spanish you and I
could go to lunch.

Robin

Gabriel Monroy
12/08/2000 08:31 AM
To: Robin Rodrigue/HOU/ECT@ECT
cc:
Subject: Hey

That was the whole purpose of it, so maybe you'll change your mind and stay
(he he). No honestly, have lots of fun. We'll talk later. I still need to
think if we are going to have Spanish or not. Fridays and Spanish don't get
along.

Gabriel


Yes - but I want you to verify.  I just looked in this mornings gas daily.

 -----Original Message-----
From: 	Parks, Joe
Sent:	Wednesday, February  27, 2002 12:40 PM
To:	Meyer, Chris
Subject:	RE: stuart zisman

is it? 2.389 was the april contract settle yesterday.

 -----Original Message-----
From: 	Meyer, Chris
Sent:	Wednesday, February 27, 2002 12:38 PM
To:	Parks, Joe
Subject:	stuart zisman

Joe could you please verufy that the purchase price for the Bridgeline Pad gas is $2.389 - $0.015 = $2.374

chris


Part 3 of 3

The Blue Chips

Here's my updated list of the state's top 100 junior prospects. The ones
above the * * * * at each position are my Fabulous 50. Early favorites are
listed where available.

The Top 100 Recruits

Quarterback (10)
Vincent Young, 6-5, 200, 4.5, Houston Madison (UT, FSU, Mia, LSU, Tenn)
Reggie McNeal, 6-3, 180, 4.4, Lufkin (Ark, A&M, FSU, LSU, UCLA, OU)
Paul Thompson, 6-3, 212, 4.6, Leander (UT, A&M, Bay)
Jamie Beeghley, 6-2, 190, 4.6, Midland Christian (TT, A&M, Colo, ND)
Chad Schroeder, 6-1, 165, 4.45, Austin Westlake (A&M, TCU, UT)
* * * *
Zac Dahlman, 6-2, 182, 4.6, Keller Fossil Ridge
Wes Bankston, 6-3, 200, 4.7, Plano East (LSU, A&M, OU, LSU)
Jeff Ballard, 6-2, 195, 4.6, Friendswood (A&M, TT, Bay, Ky, UCLA)
Dane King, 6-1, 180, 4.8, Gonzales (A&M, Bay)
Ricky Lay, 6-2, 190, 4.6, Southlake Carroll

Running Back (7)
Albert Hardy, 5-11, 225, 4.5, Galena Park (UT, ND, Mich)
Phillip Fuller, 5-10, 185, 4.4, Irving Nimitz (OU, UT, KSU, Mo, LSU)
* * * *
Selvin Young, 5-10, 190, 4.5, Jersey Village (OU, FSU, OSU, PSU, UT, Mich)
Lonta Hobbs, 5-10, 195, 4.5, Clarksville
Matt Linton, 6-1, 195, 4.4, Arlington
Scott Ballew, 6-0, 185, 4.5, Austin Westlake
Dominique Owens, 5-10, 185, 4.45, Fort Bend Kempner (A&M, UT, Neb, LSU, FSU)

Fullback (1)
Lawrence Vickers, 6-2, 210, 4.6, Forest Brook
* * * *

Tight End (6)
Eric Winston, 6-6, 275, 5.0, Midland Lee (A&M, UT, ND, Mich, Neb, OSU)
* * * *
Gabriel Hall, 6-4, 225, 4.7, Lubbock Coronado (TT, A&M, OU)
Maurice Bouldwin, 6-4, 240, 4.8, La Grange (OU, UT, Az, TCU)
Daniel Vega. 6-3, 235, 4.7, Seguin (A&M, UT)
Chad Campbell, 6-4, 230, 4.8, Grand Prairie
Chad Jorgensen, 6-6, 220, 4.7, San Marcos Baptist

Wide Receiver (11)
Robert Timmons, 6-2, 185, 4.4, FM Marcus (FSU, Tenn, A&M, KSU, GT)
Anthony Wright, 6-3, 210, 4.5, Klein Forest (UT, A&M, LSU)
Damien Collins, 6-3, 195, 4.4, Dallas Bryan Adams (Tenn, UT, Colo, OU, FSU)
J. T. Perry, 6-2, 180, 4.4, Allen (West Virginia Commitment)
David Thomas, 6-3, 215, 4.55, Wolfforth Frenship (UT, OU, LSU)
Wardell Starling, 6-3, 190, 4.55, Fort Bend Elkins (Baseball)
* * * *
Xavier McGuire, 6-5, 212, 4.5, Dallas Carter (OU, UT, LSU, Fla, UCLA, Ala)
Will Gulley, 6-4, 180, 4.5, Newton (OU, Bay, A&M)
James Elliott, 6-4, 185, 4.5, Sonora (ND, LSU, KSU, TCU)
Chad McCullar, 5-10, 170, 4.5, GP North Shore (Az, A&M, FSU, UT, LSU, PSU)
Mark Lewis, 6-3, 180, 4.5, Dickinson

Offensive Line (10)
Bob Morton, 6-4, 300, 5.2, McKinney (A&M Commitment)
Bret Valdez, 6-4, 310, 5.2, Brownwood (UT Commitment)
Justin Blaylock, 6-3, 330, 5.0, Plano East (UT, Mich, FSU, Neb, A&M)
Jeff Lebby, 6-5, 275, 5.1, Andrews (A&M, UT, OU, ND)
Tony Ugoh, 6-4, 275, 5.1, Spring Westfield (A&M, UT, LSU)
Josiah Vinson, 6-4, 290, 5.1, Irving (KSU, A&M, UT, OU)
* * * *
Kyle Williams, 6-6, 260, 5.0, Dallas Highland Park (OU, A&M, UT, TCU)
Neal Tweedie, 6-5, 265, 5.0, Allen
LaQualon McDonald, 6-4, 330, 5.3, Waco (Bay, A&M, TCU)
Cody Douglas, 6-3, 320, 5.3, LaMarque (A&M Commitment)

Defensive End (6)
Travis Leitko, 6-6, 250, 4.7, The Woodlands (ND, UT, Stan, A&M, NW)
Hosea Atkinson, 6-4, 230, 4.6, Houston Washington (OU, Mich, FSU, Fla)
Nick Owino, 6-2, 225, 4.6, Alief Elsik (UT, A&M, LSU)
Larry Dibbles, 6-2, 260, 4.8, Lancaster (OU, UCLA, UT, A&M, ND, FSU)
* * * *
Danny Ellis, 6-3, 260, 4.7, Cleveland (A&M, OU, LSU)
Remi Ayodele, 6-3, 225, 4.7, South Grand Prairie (Pur, A&M, UT, TCU)

Defensive Tackle 11)
Rodrique Wright, 6-5, 315, 5.0, Alief Hastings (UT, A&M, OU, KSU)
Earl Anderson, 6-3, 265, 4.8, San Marcos (UT, A&M)
Marco Martin, 6-3, 310, 4.8, Mesquite (FSU, UT, A&M, Tenn, Neb)
Tully Janszen, 6-4, 260, 4.8, Keller (A&M, OU, UT, KSU)
* * * *
Fred Jackson, 6-4, 280, 5.0, Hallsville (OU, Iowa, Az, Wash, Syr, TCU)
Joseph Edwards, 6-2, 260, 4.9, Dayton
Quintin Echols, 6-3, 275, 5.0, Fort Worth Wyatt
Tauren Brown, 6-4, 265, 4.9, Katy Cinco Ranch
Brian Patrick, 6-4, 270, 5.0, Pasadena Sam Rayburn (Texas A&M Commitment)
Travis Upshaw, 6-2, 280, 5.0, Mansfield
John Mila, 6-3, 290, 5.0, Fort Worth Haltom

Outside Linebacker (7)
Marvin Byrdsong, 6-3, 235, 4.6, Longview (A&M, Miss St, Ark, UT, FSU, LSU)
Garnet Smith, 6-2, 210, 4.5, Arl. Lamar (UT, A&M, Neb, LSU, UCLA, Tenn)
Glenn Jackson, 6-2, 220, 4.6, Carrollton Turner
Nurahnda Manning, 6-3, 222, 4.6, Bay City (A&M, UT, LSU)
Cassius Anderson, 6-2, 220, 4.6, Baytown Sterling
* * * *
Ed Jackson, 6-3, 215, 4.6, LaMarque (A&M, UT)
George Babineaux, 6-2, 220, 4.7, Houston Westbury

Inside Linebacker (6)
Aaron Harris, 5-11, 218, 4.6, North Mesquite
Archie McDaniel, 6-2, 225, 4.7, Bay City (A&M, UT)
Micah Woods, 6-0, 230, 4.7, Houston Sterling (LSU, PSU, KSU, Ky, Tenn)
* * * *
Andy Matakis, 6-3, 225, 4.6, Corpus Christi Flour Bluff
Matt Hines, 6-3, 225, 4.6, Irving Nimitz
Troy Thompson, 6-2, 220, 4.7, Sweeny

Cornerback (8)
Edorian McCullough, 5-11, 175, 4.3, North Garland (UT, OU, A&M)
Donald Burgs, 6-0, 180, 4.4, Houston Madison (UT, A&M, Ore St, LSU, TCU)
Michael Hawkins, 6-1, 180, 4.4, Carrollton Turner
Kendrick Muckelroy, 6-0, 180, 4.4, Hallsville (OU, A&M, LSU)
Willie Andrews, 5-9, 170, 4.4, Longview (A&M, OU, UT, ND)
* * * *
Ricky Wilson, 5-9, 170, 4.4, Port Arthur Lincoln (FSU, UT, OSU, UCLA)
Marques Walker, 5-9, 170, 4.4, Arlington Houston
Krys Williams, 5-9, 165, 4.5, Mesquite (A&M, Syr, Bay, UT, TT)

Safety (9)
Vickiel Vaughn, 6-2, 183, 4.5, Plano West (UCLA, USC, Stan, UT, A&M, Ark)
Michael Cuba, 6-2, 185, 4.5, Taylor (UT, UCLA, A&M)
Bam Harmon, 6-1, 180, 4.5, The Colony (Basketball)
* * * *
David Lott, 6-1, 175, 4.5, Aldine Eisenhower (A&M, FSU, UT, LSU)
Matthew Melton, 6-0, 180, 4.5, Tyler (Neb, ND, UCLA, A&M, UT)
Matt Fawley, 6-0, 200, 4.5, Richardson Pearce (UT, A&M, OU, TCU)
Thomas Wright, 6-0, 180, 4.5, Sweeny (LSU, A&M, Rice, UT, Wash)
Elvis Gallegos, 6-2, 180, 4.5, Fort Worth Richland
James Todd, 6-1, 175, 4.5, Marshall

Athlete (8)
L'Tydrick Riley, 6-4, 218, 4.5, Crockett (A&M Commitment)
DaBryan Blanton, 5-11, 165, 4.3, Forney (UT, A&M, OU, Ark)
Brandon Grandberry, 5-11, 175, 4.46, Crowley (FSU, Wash, Minn, UT, A&M)
David Lofton, 6-3, 185, 4.5, Plano West (Stan, UT, Neb, Ala, Wash)
Paul Mosley, 6-3, 212, 4.5, Austin Anderson (UT, A&M)
* * * *
LeKeldrick Bridges, 6-1, 175, 4.3, Dallas Hillcrest (Basketball)
Roshown Pope, 5-9, 170, 4.4, Galveston Ball
Vance Washington, 6-0, 170, 4.4, Hstn Clear Brook (Fla, Mia, Syr, Tenn, UCLA)

The 25 "Difference Makers"

These are Texas' top 25 juniors, in my opinion, and I have seen all of them
play, either on tape or in person:
1. QB Vincent Young, Houston Madison
2. DT Rodrique Wright, Alief Hastings
3. DT Earl Anderson, San Marcos
4. OLB Marvin Byrdsong, Longview
5. DE Travis Leitko, The Woodlands
6. QB Reggie McNeal, Lufkin
7. RB Albert Hardy, Galena Park
8. CB Edorian McCullough, North Garland
9. DT Marco Martin, Mesquite
10. TE Eric Winston, Midland Lee
11. DE Hosea Atkinson, Houston Washington
12. S Vickiel Vaughn, Plano West
13. C Bob Morton, McKinney (A&M Commitment)
14. LB Aaron Harris, North Mesquite
15. CB Donald Burgs, Houston Madison
16. LB Garnet Smith, Arlington Lamar
17. QB Paul Thompson, Leander
18. WR Robert Timmons, Flower Mound Marcus
19. DT Tully Janszen, Keller
20. Ath L'Tydrick Riley, Crockett (A&M Commitment)
21. QB Jamie Beeghley, Midland Christian
22. Ath DaBryan Blanton, Forney
23. OL Bret Valdez, Brownwood (UT Commitment)
24. OL Justin Blalock, Plano East
25. CB Michael Hawkins, Carrollton Turner

Out-of-State Prospects

These out-of-state prospects say they are considering Texas:
DT Lyle Sendlein, 6-4, 260, 4.8, Scottsdale Chaparral (UT, Mich, Cal, USC,
PSU)
DT Kasey Studdard, 6-2, 265, 4.8, Highlands Ranch, Colo (UT, Colo)
DE Chase Pittman, 6-4, 245, 4.7, Shreveport Evangel (UT, LSU, Tenn)
WR Marquis Johnson, 6-3, 195, 4.4, Champaign, Ill. (UT, Ill, Mich, ND)
DE Zack Latimer, 6-4, 220, 4.5, Aurora, Colo., Gateway (Mia, Fla, Colo, ND,
UT)
RB Zan Johnson, 6-1, 215, 4.45, Winnfield, La. (LSU, UT, Tenn, Ala)
FB-LB Brandon Hancock, 6-2, 235, 4.55, Clovis, Cal., West (USC, UCLA, UT,
Mich)
LB Chris Herring, 6-2, 255, 4.5, Batesville, Miss.(Miss, MSU, Fla, Tenn, UT)

Message to Subscribers

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Texas Women Sign Center

UT women's basketball coach Jody Conradt already had a lot of tall recruits
in her nationally ranked recruiting class, but she didn't have a true center
until last week when she won a long battle to sign 6-2 Spring Westfield
center Mercedes Williams.
Williams averaged 16 points, 7.8 rebounds and 3.7 steals per game in leading
Westfield to a 33-3 record and a berth in the state Class 5A finals.
She was on the All-State team and was the Houston Chronicle's Player of the
Year.
She is a strong physical presence in the paint and relishes the tough play
around the basket. She will provide much needed depth behind Stacy Stephens
and Annissa Hastings at center for the Longhorns.
"With the addition of Mercedes, we now have five newcomers who immediately
raise the overall talent level of our program," Conradt said, adding that all
five players "are considered among the very best players coming out of their
respective states."
The other four signees are:
* 6-2 forward Kala Bowers of Woodward, Okla., the Oklahoma Player of the Year
* 6-2 Heather Schreiber of Windthorst,  the top player in Texas and a Parade
All-American
* 5-11 guard-forward Coco Reed of Houston Jersey Village
* Canadian Junior National team player Jody Bell, a 6-2 forward from
Chestermere High School  in Alberta.
The Longhorns had a top 10 recruiting class nationally before signing
Williams.

Women's Tennis in Sweet 16

The No. 13-ranked Texas women's tennis team beat No. 19 TCU, 4-1, Sunday in
Austin in the second round of the NCAA regional playoffs.
Texas, 21-8, advances to the NCAA round of 16 and will play No. 2 Duke
Thursday in Stone Mountain, Ga.
The Longhorns played Duke earlier this season, losing 4-3 in Austin.
TCU finished 21-4.

Men's Tennis Team Falls to LSU

The No. 22-ranked Longhorn men's tennis team fell to LSU, 4-2, Sunday in
Baton Rouge in the second round of the NCAA playoffs.
The Longhorns end the season 18-6, while LSU advances to the Round of 16.

Longhorn Golfers in Regional

The No. 5-ranked Longhorn golf team will compete in the NCAA Central Regional
Championships in Stillwater Oklahoma Thursday through Saturday.
Texas finished third in the Maxwell Invitational in Ardmore, Okla., last
weekend, shooting a 16-over par 853 to finish five strokes behind tourney
champ Tulsa.

UT Basketball Recruits Honored

Texas basketball coach Rick Barnes' two recruits both ranked among the
nation's elite players at their positions.
Good national basketball ratings are hard to find, but Student Sports
Magazine recently came out with a ranking of the top 25 players at each
position for a national top 125 overall.
Point guard T. J. Ford, 5-11, of Fort Bend Willowridge, ranked No. 8 at his
position and 6-10 center Chris Wright of Redwater ranked No. 25 among the big
guys in the middle.
Most rating services had Ford much higher, but it is a great tribute to
Wright's potential that he made the list of the top 25 centers because he
missed almost all of his senior year with a torn ACL that required surgery.
Ford's 39-0 Willowridge team also was ranked No. 2 in the nation by Student
Sports, and the Eagles were the top-ranked public school team.
Mouth of Wilson, Va., which gives scholarships and recruits all over the
nation, was ranked No. 1, but the Warriors are an all-star team with players
from several states and countries.
Ford also made the magazine's 10-man first team senior All-American list,
which was surprising since he was rated only No. 8 in the point-guard
category.
I suppose they have two gurus with different views of the point guards. I go
along with the one who rated Ford as one of the top two point guards because
every other rating service I saw had him as one of the top two or three point
guards in the nation.

Evans Testing Pro Waters

Junior Longhorns swingman Maurice Evans, 6-5, 220, has declared himself
eligible for June 27 NBA draft.
Evans, who led the Horns in scoring last year with a 15.6 average, has not
hired an agent and can return to Texas for his senior season if he doesn't
elect to turn pro.
While Evans is a fine college player, he lacks great dribbling skills at this
point and probably won't be drafted. He could benefit from another year under
coach Rick Barnes' tutelage.

Horns Recruiting Top JC Guard

The Longhorns are in the running for a top junior college combo guard.
Terrell Ross, 6-4, a point guard with fine shooting skills at Allegany JC in
Meadville, Md, visited UT three weeks ago and has narrowed his picks to
Texas, Mississippi State and Michigan State.
Tuesday is the deadline for signing letters of intent in basketball, so he
will sign with someone right away or his recruiting will drag on until he
shows up on a college campus to start classes.
He led Allegany to a 31-3 record and the National JC championship game.
He averaged only 8.9 points a game for a loaded team that features four other
Division I signees, but he hit 60% of his shots from the field and 74.3% of
his free throws. He also is an outstanding defensive player and rebounder.

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Christian and team-

Debbie Hart of Morgan Stanley left a message regarding the recent new CAISO addition we are placing on our confirmations.  Morgan's traders are in disagreement and they would like to talk our Enron Traders to clarify the reason behind this.   Debbie has been in the process reviewing language with her traders, but has had no response thus far.  In the meantime, Morgan is not returning/executing our CAISO confirmation letters.  Debbie encourages our traders to speak with Morgans' traders to expedite the process.  If you have any questions, please call.

Morgan S. traders
Max C. (212) 761-5306
Tom Funk (212) 761-8688

Debbie Hart (212) 761-5920

Thank you
Stephanie Piwetz
Enron Power Marketing, Inc


Mike:

I regret that we had a difficult call yesterday.   We greatly appreciate the
good work that you do and the commitment you and your firm have to our
company.  Moreover, I recognize that the legislature is a difficult
environment and that there is substantial pressure on you and Sandy.  I also
recognize that needs and demands can change quickly and, at times, our RCR
process can be difficult!

All that said, however, the Government Affairs group has an obligation to use
our internal and external resources in the best and most cost-effective
manner.  The RCR process helps us satisfy that obligation..

From our conversation yesterday and a later call with Sandy, it appears that
there is some confusion on how we will use the RCR process to contract for
legal support for our legislative efforts.  Hopefully this e-mail will
clarify the process so there is no confusion in the future and so that you
can feel comfortable you are undertaking work that is authorized and for
which we have a budget.

1.  To begin, it appears from your e-mail yesterday that Goodin, MacBride has
billings as of May 11 for approximately $10,000 on direct access, windfall
profits, the "Global Settlement," and Power Plant Siting.  With respect to
this work, I recognize that there may have been confusion about our budgeting
and RCR approval process.  These billings will be included in the
RCR-approval requests discussed below.

2As we discussed yesterday, the work associated with the billings in May was
conducted without any RCR approval or any budget in place.  As you know we
terminated the two legislative retainers at the end of April.  No RCRs were
filed to cover the matters on which work was completed in May.

I did receive a budget on legislative matters on May 8.  However, a decision
was made only yesterday to proceed on a specific matter-by-matter basis.  The
work in May should not have been undertaken while we considered whether to
proceed with an overall legislative budget or proceed with specific RCRs.  In
short, the proposed budget was not RCR approval.

In the future, any work undertaken by Goodin MacBride should only be
conducted pursuant to an approved RCR.  If an emergency arises--i.e., an
issue arises that could not have been contemplated, we can get emergency
approval for work necessary to respond to the emergency.   Please contact me
in the event of an emergency.  I can be reached through my office
line--503.464.7945, pager--888.916.2262, or cell phone 503.539.4733.  If I
can't be reached, please contact Jim Steffes.  Jim's pager number is
888.906.9676.  Note that both Jim and I wear the pager at all times and
respond immediately to messages left on the pager.

3.  Pending RCR approval for the matters identified below, I have asked
Goodin MacBride to participate in the Direct Access coalition meetings taking
place today and tomorrow.  In a discussion with Sandy yesterday, I agreed
that Goodin MacBride should participate in a telephonic conference on the
Calderon bill.

4.  To the maximum extent possible, you should include Leslie Lawner in
future Direct Access Coalition meetings, conference calls, legislative
drafting efforts, etc.

5.  If there is any confusion on whether there is RCR approval for a
particular matter, please contact me before undertaking an assignment.  If I
am unavailable, please contact Jim Steffes.

6.  Today, Sandy is filing several RCRs for legislative support on Direct
Access, Siting, Windfalls Profits, and the Global Settlement.  They will be
considered at next Monday's RCR conference call.  If they are approved, Sandy
will manage the Goodin MacBride assignments associated with Direct Access,
Siting, and Windfalls Profits.

7.  Jeff Dasovich will manage all work associated with the Global Settlement,
whether it is legislative or not.  This does not mean that Sandy cannot give
assignments to Goodin MacBride that involve the Global Settlement; it simply
means that before that work begins Jeff must approve the work.

This particular issue is a critical matter for our company.  Jeff is involved
in the strategy and business calls concerning this matter and is working on a
daily basis with Jim Steffes, Rick Shapiro and Steve Kean to develop our
position and advocate that position in the settlement discussions.  We must
ensure that our Sacramento efforts are fully coordinated with our strategy
and business interests (as they develop through the settlement
discussions).   To avoid any confusion on the scope of Jeff's responsibility,
I consider all legislation addressing the Edison MOU, any future MOUs with
Sempra, and "Plan B," to be part of the Global Settlement.

Please contact me if you have any questions regarding any of the above.
Again, we appreciate your hard work and commitment to our efforts.

Paul Kaufman


Kelli,

Could you (or someone) price up an @ the money call option for 1500/day (physical) at Malin for July - October, 2004?  Please let me know if you have any questions!

thanks,

Kim


Darren Farmer, George Smith, Charlie Muzzy


---------------------- Forwarded by John J Lavorato/Corp/Enron on 09/20/2000
07:30 AM ---------------------------

	From:  Valarie Sabo                           09/19/2000 06:38 PM

To: Mark Guzman/PDX/ECT@ECT, Kimberly Hillis/HOU/ECT@ect
cc:
Subject: trading day 9/19


Listed below are the dates for the 2002 UAF meetings.

Southeast UAF mmetings:
Time 1:30PM - 3:30PM
Houston Location: EB30C2

January         29th
February        26th
March           26th
April             30th
May              28th
June             25th
July              30th
August          27th
September    24th
October        29th
November     26th

North and Southwest UAF mmetings:
Time 1:30PM - 3:30PM
Houston Location: EB30C2

January         30th
February       27th
March           27th
April             1st May
May              29th
June             26th
July              31st
August         28th
September    25th
October        30th
November     27th


---------------------- Forwarded by Stacey Neuweiler/HOU/ECT on 05/08/2000
11:46 AM ---------------------------

	Enron Capital & Trade Resources Corp.

	From:  "Ibrom, Lorraine" <lorraine.ibrom@gt.pge.com>
 05/08/2000 10:22 AM

To: "'Stacey Neuweiler'" <Stacey.Neuweiler@Enron.com>
cc:
Subject: Enron Scheduled Volumes---May 6 thru 8

Following is scheduled volumes on El Paso under Enron's K#5095-037.

Date             Package#           Volume                 Delivered to Teco

5/6                9E3X                  16,495
                     9J6Z                    2,759                   19,061

5/7                9E3X                   15,689
                     9J6Z                     2,243                  17,753

5/8                9E3X                    13,752
                     9J6Z                      2,799                  16,385

PG&E Gas Transmission Texas and any other company referenced herein which
uses the PG&E name or logo are not the same company as Pacific Gas and
Electric Company, the California utility.  These companies are not regulated
by the California Public Utilities Commission, and customers do not have to
buy products from these companies in order to continue to receive quality
regulated services from the utility.


Boy, was she quick.  We appear to have only one trade to assign, so Credit, I
guess you are OK with this, and Bob, you don't show any other crude trades do
you?
----- Forwarded by Tana Jones/HOU/ECT on 07/05/2000 06:08 PM -----

	"Anita Herrera" <aherrera@statoilenergy.com>
	07/05/2000 06:06 PM

		 To: "Tana Jones" <Tana.Jones@enron.com>
		 cc:
		 Subject: Crude trades

Attached is the one crude trade between the 2 companies:
(See attached file: Enron crude trades.xls)

 - Enron crude trades.xls


Janet, can you open the attachment?
---------------------- Forwarded by Susan Scott/ET&S/Enron on 01/13/2000
04:13 PM ---------------------------

	From:  Donna Martens                           01/13/2000 03:52 PM

To: Susan Scott/ET&S/Enron@ENRON
cc:

Subject: Gallup order

---------------------- Forwarded by Donna Martens/ET&S/Enron on 01/13/2000
03:52 PM ---------------------------

	From:  Donna Fulton                           01/13/2000 03:14 PM

To: Mary Kay Miller/ET&S/Enron@ENRON, Keith Petersen/ET&S/Enron@ENRON, Donna
Martens/ET&S/Enron@ENRON, Drew Fossum/ET&S/Enron@ENRON
cc: Janet Butler/ET&S/Enron@ENRON, Shelley Corman/ET&S/Enron@ENRON

Subject: Gallup order

The Gallup order did issue today and is available on CIPs.  I am attaching it.

Mike will be getting the order today (he is at FERC now ) and will fax a copy.


Group,

On April 27th and 28th there will be a training class offered in Portland,
Oregon with two spots available.  The course is Electric System Operation for
the Non-engineer.  The course highlights include:
Generation
Transmission and Overhead
Distribution Systems
Underground Distribution
Switchgear
Voltage Control
Matching Generation

The course will purportedly provide a comprehensive understanding of system
operations including fossil fuel, hydro and nuclear generation, transmission
and distribution.  The course should provide not only technical information
but also economics of operation, system and equipment protection and safety.
I will be taking the class along with two members of the real-time group.  If
this is a useful class (as it appears to be) we will have the opportunity to
attend it again later this year.  If you are interested in attending this
class on these dates please let me know as soon as possible.

Thanks,

Bill


About time
--------------------------
Sent from my BlackBerry Wireless Handheld


Thanks Bert.

I hope that you are doing well..

Amy

 -----Original Message-----
From: 	Meyers, Albert
Sent:	Monday, February 04, 2002 6:18 PM
To:	Fitzpatrick, Amy
Subject:	Trader Assistant

Amy,

Please note that I would like to interview for the trader assistant positions for both the cash desk and the term desk.

Bert Meyers
Portland WSCC Real Time Desk
503-880-5315


Dave, as discussed attached is a revised GISB for your execution.  Please print two originals sign and return same to my attention at the address listed below.  Should you have any additional questions, please do not hesitate to give me a call.  Upon final signature, I will forward an original for your records.

Regards,
Debra Perlingiere
Enron North America Legal
1400 Smith Street, EB 3885
Houston, Texas 77002
dperlin@enron
713-853-7658
713-646-3490 Fax


Mr. B. Lowery,

First of all, you sent me a picture with the head cut off.  I couldn't even
see Kendall.
I don't know if something happened with the translation of the file, but try
to send
it again if you can.

In regards to California's energy crisis, I think that California is screwed
- big time.
I think it has the potential to cripple the state's economy.  If, like you
said, noone
really talks about it much in SoCal, I would bet that will change soon.  It
has the potential
to affect every person in the state.  Not only will consumers end up bailing
out the
utilities - SoCal Edison, San Diego, Gas and Electric, PG&E - but it will
likely prevent
many new companies from setting up shop in California.  After all, who would
want
to put millions of dollars in an operation that will be subject to power
interruptions
while paying the highest utility bills in the country.  I think that the only
way California
will come out of this OK, is if it has the least energy intensive weather for
the foreseeable
future.  I don't think this is a problem that will be resolved within the
next couple years.
But remember, that is just my meaningless opinion.

When do you start coming to Texas.  Let me know so we can try to hook up.
I'll talk to
you soon.

Kevin


Following please find the Daily EnronOnline Executive Summary.


---------------------- Forwarded by Chris Germany/HOU/ECT on 05/08/2000 04:55
PM ---------------------------

"Stephanie L. Spencer" <slspencer@duke-energy.com> on 05/08/2000 04:51:33 PM
To: Chris Germany/HOU/ECT@ECT
cc:
Subject:

Recalls need 24 hr notice - we require them to recall by 8 AM for gas to be
flowed the following day.


I think that's enough stuff for now.


Louise,

Reliant did not acquire the land on Friday evening because:
Enron does not have a complete chain of title. We only had it going back to our acquisition of the land.  They have gone to the court house this weekend to get relevant documents.
We will not indemnify them on potential environmental issues - but they should have done due dilgence this past weekend.

I am confident that we will send the land to either Texas Brine or Reliant.  Reliant will be contacting me today regarding the prior two issues and as stated on Friday, they have already cut a cashier's check for $3 million.

Regards, Mrha


Get ready.  Beginning in November, electronic pay stubs will be available to all employees who have their paychecks direct deposited into their bank account.  Electronic pay stubs are an easy, fast, and efficient way for you to get your payroll information.  They will also help Enron to realize a considerable savings in time and dollars spent over traditional printed pay stubs.

If you prefer to receive a hardcopy of your pay stub, click on the link below to complete a request form.  This form must be submitted to Payroll by October 15, 2001.  Unless you submit a form your pay stub information will default to electronic viewing.

Please click on the link below.

Name:             JAMES REITMEYER
Personnel number: P00503016
Phone:            7138533536

If you have questions about electronic pay stubs, please contact Janice Priddy (Payroll) 713-853-7839 or Marie Newhouse (ClickAtHome) at 713-345-4185 or send an email to  Enron.Payroll@enron.com (Enron Payroll in Outlook).

Stay tuned for more details in the coming weeks.

http://etcsurvey.corp.enron.com/wi/p0810709/i.asp?r=15506&s=DDSDRBJD&l=9