======================================================
        VENTUREWIRE --- Tuesday, August 22, 2000
======================================================
           Private Company Business News
------ Published Daily by Technologic Partners -------
           http://technologicpartners.com
======================================================

Top Stories:

o Cabletron Systems Buys Indus River Networks for $170 Million
o $200 Million First Closing For BRM Capital Fund
o Greenlight.com Raises $39 Million As CarOrder.com Shuts Down
o Deloitte Consulting Alligns with Andersen-Backed Epylon
o Personal Television Firm ReplayTV Withdraws IPO
o XMLSolutions Names GM Tech Guru Chief Executive Officer

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Also in This Issue:

     New Money:
o Israeli Telecom Developer IPrad Has $16 Million First Round
o Spread Spectrum Radio Firm Axonn Has $10.6 Million Round One
o Cable Firm Future Networks Raises $9.1 Million in Round One
o Cellular Networking Company Airslide Closes First Round
o Semiconductor Company Banderacom Has $9 Million Round One
o ASP Xuma Secures $40 Million Round Led by Broadview
o Brigade Raises $35 Million From General Atlantic Partners
o Phycom Gets $20 Million From Warburg Pincus, Names CEO
o Asian Internet Business Service Firm Secures $20 Million
o Gift Retailer RedEnvelope Raises $33 Million in Funding
o Hourly Employment Site Gotajob Has $5 Million Second Round
o Internet Operations Servicer Logictier Raises $41 Million
o Managed Objects Raises $16 Million in Second Funding Round
o Management Technology Provider Yantra Gets $41 Million
o Nano-Particle Material Manufacturer Raises $10 Million
o Ockham Technologies Raises $10 Million in Second Round
o SBS Ventures Invests in Mobile Business Firm Mobilocity
o Wireless Developer BulletIN.net Gets Funding from Mail.com
o CRM Firm Affina Gets $90 Million Equity, Debt In Recap
o GoAhead Software Raises $26 Million Series C
o Irish Systems Consultants Wolfe Group Gets $5.8 Million
o Lutris Technologies Secures $16 Million in Series C Funding
o Wireless App Firm FieldCentrix Has $23 Million Round Three
o Content Recognition Firm RuleSpace Has $12 Million Series C
o Digital Services Firm Delinea Gets $5 Million from Koch
o Slam Dunk Networks Secures $20 Million in Series D Funding
o Artisan Software Tools Raises $7.44 Million in Mezzanine

     New Products:
o e-Venture Lab Launches Firm to Develop B2B Communities
o Online Optical Store Sightopia.com Announces Launch
o Information Management Software Firm Giage Now Copernus

     M&A:
o Enhanced TV Services Firm RespondTV Acquires AccelerateTV
o Platform.net Acquires Music Site Digitalnoise.com
o Pointshare Buys Net Healthcare Services Firm MedServe Link
o Digital TV Firm ACTV Buys Web Games Developer Bottle Rocket

     New Directors:
o Senior Reuters Executive Joins WorldStreet's Board
o E.piphany Exec Joins Bluestreak.com's Board of Directors
o Former AOL Executive Joins Go2 Systems' Board of Directors
o Allaire President & CEO Joins MarketSoft's Board
o Collaboration Provider ShareThis Names Katmango CEO to Board
o Talus Solutions Adds Former CEO of TCI to Board of Directors
o Wireless Device Firm Reason Elects Two New Board Members
o ZettaCom Elects Analog Devices CEO Jerry Fishman to Board

     New People:
o Harmony Software Names Second CEO Since June
o Telezoo.com Names Newbridge Networks Exec as President, CEO
o Former MCI Exec Becomes First SecureWorks President, CEO
o Former Corporate Express Exec Now Newgistics President, CEO
o FreeSamples.com Appoints New President and COO

     VC Fund News:
o OpenSite Founder Launches TruePilot, Early Stage Tech Firm
o UniversityAngels.com Raises $20 Million Follow-On Fund

     VC Personnel:
o Enterprise Partners Names Former Nortel VP Managing Director
o Venture Capital Firm ComVentures Names McLean Sixth Partner

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======= Top Stories =======

o Cabletron Systems Buys Indus River Networks for $170 Million

ROCHESTER, N.H. -- Cabletron Systems, a provider
of global business communication services to enterprise
customers, said it reached a definitive agreement
to acquire Indus River Networks, a developer of
managed remote networking systems for stock worth
approximately $170 million. Cabletron will merge
Indus with its Enterasys Networks subsidiary, a
provider of business communications services. Investors
for Indus River Networks include Comdisco Ventures,
Novell, MCI WorldCom Venture Fund, Ascent Venture
partners, Canaan Partners, New Enterprise Associates,
and OneLiberty Ventures.
http://www.cabletron.com/
http://www.indusriver.com/
_____________________________________________

o $200 Million First Closing For BRM Capital Fund

JERUSALEM -- BRM Group, a venture capital firm that
invests in Internet infrastructure companies, said
it closed $200 million of an expected $400 million
fund. The new fund, BRM Capital, will concentrate
its investments on companies in the expansion and
mezzanine stage of development. The fund has headquarters
in Fort Lee, N.J. with offices in Jerusalem. Investments
will be evenly split between companies in Israel
and the United States. The BRM Group said it would
make minimum investments of $5 million with a maximum
investment size of $25 million. The BRM Capital
fund has already invested in two companies Whale
Communications and PeopleLink. The new fund is managed
by Charlie Federman, who formerly served as chairman
of Broadview Associates.
http://www.brm.com/
_____________________________________________

o Greenlight.com Raises $39 Million As CarOrder.com Shuts Down

LIVERMORE, Calif. -- Greenlight.com, an online car
buying company, said it has raised a $39 million
second round from both existing and new investors.
New investors in this round include Techno-Venture
Co., Comdisco Ventures, Pacific Century Cyberworks,
and Spring Creek Partners. Existing investors Kleiner
Perkins Caufield & Byers, Asbury Automotive Group,
Ripplewood Holdings, and Freemen Spogli & Co. also
participated in the round. The company said the
funds will be used to fund growth and product development.
In less positive news at another online auto dealer,
Austin, Texas-based CarOrder.com shut down its Web
operations and stopped taking new orders while it
tries to re-tool its business model. The firm is
attempting to shore up slim profit margins by purchasing
a traditional car dealership. Trilogy has invested
$100 million in CarOrder.com over the past two years
and has committed an additional $25 million to fund
acquisitions.
http://www.carorder.com/
http://www.greenlight.com/
_____________________________________________

o Deloitte Consulting Alligns with Andersen-Backed Epylon

SAN FRANCISCO -- Epylon, a provider of e-commerce
technology to educational and government institutions,
said it formed an alliance with Deloitte Consulting
under which Deloitte will take an equity stake in
exchange for a minority interest in Series B stock.
Deloitte and Epylon will market Epylon's Internet
procurement systems to the K-12 education market.
Andersen Consulting, one of Deloitte's direct competitors,
made a similar agreement with the company one month
ago. The Andersen agreement, however, focused on
integrating Epylon services into government platforms
from local to state procurement and financial systems.
According to a spokesperson for Epylon, both Deloitte
and Andersen performed due diligence and concluded
that the market was big enough for both competitors
to profit from their investment in the same company.
Epylon said that the funding will support marketing,
business development, and national growth, despite
the international nature of the deal. A representative
of Deloitte Consulting will take an advisory position
on the Epylon board.
http://www.epylon.com/
_____________________________________________

o Personal Television Firm ReplayTV Withdraws IPO

MOUNTAIN VIEW, Calif. -- ReplayTV, a personal television
and digital video recorder service, withdrew its
initial public offering, which it orginally filed
for in January. The company cited unfavorable market
conditions. ReplayTV also said it has elected Larry
Kenswil, president and founder of eLabs, to its
board of directors. Mr. Kenwil becomes the company's
eighth board member. Investors in ReplayTV include
Adelphia Communications, Comcast, EchoStar Communications,
Excite@Home, Grey Advertising, the Interpublic Group
of Companies, Matsushita Kotobuki Electronics Industries,
Motorola's broadband communications sector, News
Corp., Omnicom Group, Rogers Communications, Scientific-Atlanta,
Sega Enterprises, Sharp Electronics, Shaw Communications,
Universal Music Group, and Vulcan Ventures.
http://www.replaytv.com/
_____________________________________________

o XMLSolutions Names GM Tech Guru Chief Executive Officer

MCLEAN, Va. -- XMLSolutions, which provides software
for the development and deployment of XML-based
applications, said it named Ron Shelby as its new
chief executive officer. Mr. Shelby, formerly chief
technology officer of the General Motors information
systems and services, most recently served as CIO
of e-GM, where he was responsible for General Motors'
Web development efforts. Mr. Shelby held a seat
on the XMLSolutions board of directors for two months
prior to his appointment as chief executive officer.
XMLSolutions is backed by investors including First
Analysis Venture Capital, Opticality Ventures, Verticality
Investments, and Schoffstall Ventures.
http://www.xmls.com/

======= New Money =======

o Israeli Telecom Developer IPrad Has $16 Million First Round

TEL AVIV, Israel -- IPrad, which develops telecommunications
systems integrating leagcy systems for multiple
services into a single network, said it raised $16
million in its initial round of funding. The round
was co-led by HarbourVest Partners and Morgan Stanley
Dean Witter Private Equity. Other investors included
TLcom Capital Partners, Jafco, Garage.com, and the
RAD-Bynet Group, along with senior executives of
RAD Data Communications. The company said it will
use the funding for product development and marketing.
IPrad will speed up the completion of its initial
product with the influx of capital, starting initial
field trials of its first product in the first quarter
of next year. The company also intends to use the
funding to expand its sales operations to the U.S.
and Scandinavia, which represent approximately 67%
of the company's expected revenues. Both Morgan
Stanley Dean Witter Private Equity and HarbourVest
Partners will receive a seat on the company's board
of directors. Telephone 972-3-765-9900.
_____________________________________________

o Spread Spectrum Radio Firm Axonn Has $10.6 Million Round One

NEW ORLEANS -- Hibernia Capital said it led a $10.6
million first financing round for Axonn, a company
that provides transmitters, receivers, and transceivers
used in sensing, monitoring, and control equipment.
Hibernia committed $3.5 million in the round. Other
participants in the round include Industrial Technology
Ventures, Cordova Intellimedia Ventures, VenCap
Opportunities Ventures, Koerner Capital, HSB Engineering
Finance, and indiviudal investors. Axonn, based
in New Orleans, will use the funding to expand into
a product-based business. The company has traditionally
focused on engineering and intellectual property.
Axonn said it expects to hire about 50 new employees.
http://www.axonn.com/
_____________________________________________

o Cable Firm Future Networks Raises $9.1 Million in Round One

ATLANTA -- Future Networks, which designs and markets
broadband cable equipment, said it received $9.1
million in first-round funding from Chattahoochee
Ventures, Castlenet Technologies, Corning Cable
Systems, and Cisco Systems. The funding will be
used to develop the firm's cable modems and wireless
products. The firm may raise another round of funding
this fall.
http://www.future-networks.com/
_____________________________________________

o Cellular Networking Company Airslide Closes First Round

SAN JOSE, Calif. -- Airslide Systems, a provider
of IP-based convergence systems for cellular network
backbones, said it received its first round of funding
with an undisclosed investment from Intel Communications
Fund. The investment will enable the two companies
to collaborate on integrating Intel's architecture
into telephony products. Previous investors in Airslide
include Sequoia Capital Seed Fund, which led a $2
million seed round.
http://www.airslide.com/
_____________________________________________

o Semiconductor Company Banderacom Has $9 Million Round One

AUSTIN, Texas -- Banderacom, a semiconductor company,
said it received an undisclosed investment from
Intel Capital that closes its $9 million first round
of funding. The company said the funds will be used
to accelerate development and deployment of InfiniBand
products. Other investors in this round of funding
include Austin Ventures, which contributed $500,000
in the company's seed round, and JatoTech Ventures.
The rest of the funding came from individual investors.
http://www.banderacom.com/
_____________________________________________

o ASP Xuma Secures $40 Million Round Led by Broadview

SAN FRANCISCO -- Xuma, an ASP and provider of customized
online business systems, said it closed a $40 million
round of financing led by Broadview Capital Partners.
CIT Venture Capital, Dell Ventures, IDG Ventures,
Intel 64 Fund and Menlo Ventures also participated.
Xuma has raised $48 million its inception in 1998.
http://www.xuma.com/
_____________________________________________

o Brigade Raises $35 Million From General Atlantic Partners

SAN FRANCISCO -- Brigade, a provider of Internet
customer support infrastructure and outsourcing,
said it secured a $35 million investment from General
Atlantic Partners. Funding will go towards expanding
operations, both domestically and abroad, as well
as sales and marketing. Bill Grabe and Mark Dzialga
of GAP will join the board. Brigade's previous backers
include Compaq Computer, Mohr, Davidow Ventures,
Trust Company of the West, and Comdisco Ventures.
http://www.brigadesolutions.com /
_____________________________________________

o Phycom Gets $20 Million From Warburg Pincus, Names CEO

KIRKLAND, Wash. -- Phycom, a provider of automated
medical management workflow and connectivity software
and services, said it will receive an initial investment
of $20 million from E. M. Warburg Pincus & Co. Phycom
also named Fred Dunlap as chief executive officer.
Mr. Dunlap comes to Phycom from UnitedHealth Group
where he was president of UnitedHealthcare's Florida
region.
http://www.phycom.com/
_____________________________________________

o Asian Internet Business Service Firm Secures $20 Million

NEW YORK -- Delirium, a provider of Internet business
services in Asia, said it received $20 million from
General Atlantic Partners. John Wong, a partner
with General Atlantic Partners, will join the company's
board of directors. The company will use the funding
for expansion in Asia, staffing, business development,
and for general working capital. Delirium's services
include Internet application development, Web site
design, business strategy, broadband content development,
wireless Internet services, intranet and extranet
building, and Internet marketing.
http://www.delirium.com/
_____________________________________________

o Gift Retailer RedEnvelope Raises $33 Million in Funding

NEW YORK -- Direct Equity Partners said it led a
$33 million fourth round funding for San Francisco-based
RedEnvelope, an online gift retailer. Direct Equity
Partners, a new investor, contributed $15 million
to the round. Other new investors Atrium Capital,
Comdisco Ventures, and Crown Technology Partners
along with previous investors Sequoia Capital, Weston
Presidio Capital, Sippl MacDonald Ventures, Silicon
Valley Angel Fund, and Philips-Smith Specialty Retail
Group participated. Claire Gruppo, managing director
of Direct Equity Partners, joined the company's
board of directors, expanding it to eight. The company,
which also has a print catalog, will use the funding
for marketing, technology, infrastructure, and to
purchase inventory.
http://www.redenvelope.com/
_____________________________________________

o Hourly Employment Site Gotajob Has $5 Million Second Round

ENGLEWOOD, Colo. -- Gotajob.com, an employment site
for hourly wage workers, said it received $5 million
in second-round funds.  Gotajob.com would not identify
which venture capital firms provided the funding.
The firm raised $11.75 million in its first round.
The $5 million investment will be used for marketing
and other purposes.
http://www.gotajob.com/
_____________________________________________

o Internet Operations Servicer Logictier Raises $41 Million

SAN MATEO, Calif. -- Logictier, a provider of e-commerce
operations services, said it has closed $41 million
in its third round of funding led by Accel Partners,
Integral Capital Partners, Kleiner Perkins Caufield
& Byers, Lehman Brothers Venture Partners, and Technology
Crossover Ventures. The company said the funds will
be used to continue its global expansion of technology
centers and to expand its office space, operations,
sales, and marketing and management teams. The company
has raised more than $90 million to date.
http://www.logictier.com/
_____________________________________________

o Managed Objects Raises $16 Million in Second Funding Round

McLEAN, Va. -- Managed Objects, a provider of Internet
infrastructure management software, said it has
closed $16 million in a round of private placement
financing led by Lazard Technology. Fidelity Ventures,
iVisionary Ventures, and JMI Equity Fund, which
invested in Managed Objects' initial round, also
participated. Deutsche Banc Alex Brown served as
the placement agent for Managed Obects throughout
the financing process. Managed Objects said it will
use the funds for product launches and general growth.
Managed Objects has elected Kevin Burns, managing
principal of Lazard Technologies, to its board of
directors.
http://www.managedobjects.com/
_____________________________________________

o Management Technology Provider Yantra Gets $41 Million

ACTON, Mass. -- Yantra, a provider of management
technology for the manufacturing and retail industries,
said it received $41 million from Morgan Stanley
Dean Witter Private Equity, Amerindo, Broadvision,
VerticalNet, and Eastman Chemical Company. The funds
will be used for marketing and R&D.
http://www.yantra.com/
_____________________________________________

o Nano-Particle Material Manufacturer Raises $10 Million

FREMONT, Calif. -- NanoGram, which synthesizes complex
compounds and manufactures nano-particle materials,
said it raised $10 million in its most recent round
of funding. The round was raised from previous investors
Institutional Venture Partners, Venrock Associates,
Nth Power Technologies, and new investors NEC Corporation,
Techno-Venture, and Sands Brothers. The company
said no board seat would be taken as a result of
the investment. The company's technologies develop
chemical compounds that enable miniaturization and
combination of complex substances for applications
in optics, energy, and ceramics, among other areas.
http://www.nanogram.com/
_____________________________________________

o Ockham Technologies Raises $10 Million in Second Round

ATLANTA -- Ockham Technologies, which provides sales
management automation software, said it raised $10
million in its second round of funding led by Mellon
Ventures. New investor Imlay Investments and previous
investors Noro Moseley Partners and Monarch Capital
Partners also participated in the round. Ockham
said it will use the capital to increase its sales
and marketing efforts and product development. John
Adams, a partner with Mellon Ventures, will take
a new seat on the company's board of directors.
http://www.ockhamtech.com/
_____________________________________________

o SBS Ventures Invests in Mobile Business Firm Mobilocity

MUNICH, Germany -- Siemens Business Services, a
provider of end-to-end e-commerce technologies,
said its venture unit, SBS Ventures, invested an
undisclosed amount in Mobilocity, a builder of mobile
Internet businesses. Siemens also said it entered
into a preferred partnership with the company that
aims to implement wireless services and applications.
Mobilocity has received funding from LabMorgan,
Cambridge-Samsung Partners, Comdisco, and individual
investors.
http://www.mobilocity.net/
_____________________________________________

o Wireless Developer BulletIN.net Gets Funding from Mail.com

ATLANTA -- BulletIN.net, a developer and international
supplier of wireless Internet messaging products,
said it raised an undisclosed investment via an
equity exchange from Mail.com, a publicly traded
messaging service provider. BulletIN recently completed
a $15 million round of funding earlier this year.
Investors in the company include Milford Investment
Partners and individual investors. There have been
no announced changes to the company's board.
http://www.bulletin.net/
_____________________________________________

o CRM Firm Affina Gets $90 Million Equity, Debt In Recap

PEORIA, Ill. -- Affina, a provider of customer relationship
management programs, said it received $90 million
in a recapitalization through a combined package
of equity, senior debt, and subordinated debt financing.
Whitney & Co. led the round with participation from
Parthenon Capital. Both also contributed subordinated
debt financing, along with Northwestern Mutual Life.
Senior debt financing was provided by Comercia Bank
and LaSalle Bank. Whitney received two board seats
for its investment while Parthenon received one.
The funding will be used for internal growth, to
repurchase shares of the company, and other purposes.
http://www.affina.com/
_____________________________________________

o GoAhead Software Raises $26 Million Series C

BELLEVUE, Wash. -- GoAhead Software, which produces
products that manage communication devices and servers,
said it received $26 million in a round of Series
C funding led by Motorola. Merrill Lynch KECALP
and previous investors Cedar Grove Investments,
Columbia Capital, Intel Communications Fund, and
Voyager Capital also participated. The funds will
be used for network and Internet infrastructure.
http://www.goahead.com/
_____________________________________________

o Irish Systems Consultants Wolfe Group Gets $5.8 Million

DUBLIN -- Wolfe Group, an Irish company providing
systems consulting and management services, said
it raised $5.8 million in funding from sole investor
3i. The company will use the funding to erect the
Wolfe Data Centre, which will provide a facility
for the infrastructural support and development
of e-commerce services for startup and traditional-economy
companies.
http://www.wolfegroup.com/
_____________________________________________

o Lutris Technologies Secures $16 Million in Series C Funding

SANTA CRUZ, Calif. -- Lutris Technologies, an Internet
consulting and professional services provider, said
it has raised $16 million in its Series C round
of funding from new investors Compaq Computer, NEC,
and Deutsche Banc Alex. Brown. The round also included
previous investors Chase Capital, Chase H&Q Partners,
and Intel 64 Fund. Lutris said it will use the funds
for product development. Lutris Technologies also
has received funding Trans Cosmos USA.
http://www.lutris.com/
_____________________________________________

o Wireless App Firm FieldCentrix Has $23 Million Round Three

IRVINE, Calif. -- FieldCentrix, a provider of wireless,
Internet-based software services for the field service
industry, said it has raised $23 million in its
third round of funding. New Investor Grainger Technology
Partners and existing investor Sigma Partners were
the lead investors in this round. The Grainger investment
is part of a strategic relationship that includes
financial, business, and development alliances.
TMCT Ventures, another new partner, also participated
in this round of funding. The company said the funds
will be used to continue expansion into new markets
including electrical, utilities, property management,
and heavy equipment and materials handling. The
company will also use the funding to move into international
markets. William Heffernan, vice president of business
development at Grainger, and Renee LaBran, a partner
at TMCT Ventures, have joined the FieldCentrix board.
http://www.fieldcentrix.com/
_____________________________________________

o Content Recognition Firm RuleSpace Has $12 Million Series C

PORTLAND, Ore. -- RuleSpace, a provider of Web content
recognition services, said it has closed $12 million
in its Series C round of funding. Madrona Venture
Group led the round, which included investments
from America Online, FBR CoMotion Venture Capital,
and Millennium Technology Ventures. The Series C
funding will be used for staffing, development activities,
and capital investment. Will Glasgow, managing director
at Madrona Venture Group, will join RuleSpace's
board of directors. Previous investors in RuleSpace
include FBR CoMotion Venture Capital, Pillar Management,
and individual investors. RuleSpace has raised a
total of $25 million.
http://www.rulespace.com/
_____________________________________________

o Digital Services Firm Delinea Gets $5 Million from Koch

DALLAS -- Delinea, a provider of digital services
for Internet businesses, said it received a $5 million
investment from Koch Ventures. The financing will
be used for the development of the company's service
and technology offerings, as well as for marketing
and sales. Delinea specializes in the energy sector
and provides digital services using an integrated
consulting, ASP, and managed services model.
http://www.delinea.com/
_____________________________________________

o Slam Dunk Networks Secures $20 Million in Series D Funding

REDWOOD SHORES, Calif. -- Slam Dunk Networks, a
developer of a business-to-business infrastructure
service that will track and deliver transaction
messages on the Internet, said it raised $20 million
in its Series D funding round led by VeriSign, an
Internet trust services company. The Barksdale group
and Dain Rauscher Wessels also participated in the
round. Slam Dunk, which to date has raised $75 million,
said it will use the funds to further expand its
global sales, marketing and other operations. The
company's previous investors include Mayfield Fund,
Adobe, American Express, H&Q Venture Associates,
Oracle, SAP Ventures, Texas Instruments, Tibco,
and webMethods. Cisco Systems and El Dorado Ventures
have also invested in Slam Dunk. The company's product
and services are undergoing pilot testing, and are
expected to hit the regular market by the end of
the year.
http://www.slamdunknetworks.com/
_____________________________________________

o Artisan Software Tools Raises $7.44 Million in Mezzanine

PORTLAND, Ore. -- Artisan Software Tools, a provider
of real-time modeling tools, said it received $7.44
million in a mezzanine round of financing. The investment
was led by Pi Capital with support from Quester.
Other investors included 3i Group and Pond Venture
Partners. The financing will be used to expand
Artisan's sales and marketing activities worldwide
and possibly for acquisitions.
http://www.artisansw.com/

======= New Products =======

o e-Venture Lab Launches Firm to Develop B2B Communities

SACRAMENTO, Calif. -- e-Venture Lab, an e-commerce
incubator, said it launched IndustryInterchange,
a developer and administrator of online, industry-specific
business-to-business communities. IndustryInterchange
will develop marketplaces that will offer commerce,
content, and communication services. Each marketplace
will launch within an industry-specific trade association
and will be individually branded. IndustryInterchange's
first marketplace, GolfGM, links golf industry buyers
and suppliers. IndustryInterchange is funded by
e-Venture Lab and MethodFactory, a Web development
firm. IndustryInterchange said it will close a round
of funding by October 31.
http://www.industryinterchange.com/
_____________________________________________

o Online Optical Store Sightopia.com Announces Launch

SAN MATEO, Calif. -- Online optical store Sightopia.com
announced its launch. The cyberstore features software
that enables potential customers to try their purchases
on by viewing the selected glasses on either an
uploaded photo of themselves or one from the site's
portfolio. The company plans to launch its business-to-business
Web site this fall. Investors for Sightopia.com
include Oxford Capital Group, PRL Resources, Bville
Limited, and individual investors.
http://www.sightopia.com/
_____________________________________________

o Information Management Software Firm Giage Now Copernus

CINCINNATI -- Giage, an online provider of information
management software, announced it changed its name
to Copernus. In addition to the name change, Copernus
launched its first offering, the Copernus Decisioning
Service. The company is backed by Blue Chip Venture
Company, CID Equity Partners, and the Walnut Group.
http://www.copernus.com/

======= M&A =======

o Enhanced TV Services Firm RespondTV Acquires AccelerateTV

SAN FRANCISCO -- RespondTV, which provides infrastructure
and applications for enhanced television services,
announced it has acquired AccelerateTV for an undisclosed
amount. AccelerateTV provides services and products
that enable cable and satelite operators to offer
subscribers interactive content and secure commerce
transactions. Both companies are privately held.
RespondTV is backed by equity investments from AT&T,
Comcast, GE Capital, Integrity Partners, Liberty
Digital, Sequoia Partners, Showtime Networks, Tribune
Ventures, and United Television. AccelerateTV has
backing from venture capitalists and individual
investors.
http://www.acceleratetv.com/
http://www.respondtv.com/
_____________________________________________

o Platform.net Acquires Music Site Digitalnoise.com

BROOKLYN, N.Y. -- Platform.net, an urban lifestyle
portal and e-commerce network, said it acquired
digitalnoise.com, a webcaster of house, drum'n'bass,
techno, big beat, and hip-hop music, for an undisclosed
amount of stock. The company said it will retain
the inventory, technology, and most of the staff
of  digitalnoise.com. Platform.net backers include
Spinnaker Capital, Sony Music Entertainment, and
individual investor Michael Tannen. Digitalnoise.com
was previously backed by individual investors.
http://www.platform.net/
_____________________________________________

o Pointshare Buys Net Healthcare Services Firm MedServe Link

BELLEVUE, Wash. -- Pointshare, which provides online
business services to physicians, hospitals, diagnostic
and imaging centers, and health plans, said it acquired
online healthcare services provider MedServe Link
for an undisclosed amount. John Haugo, chief executive
officer of MedServe, will join Pointshare's board.
Pointshare, which withdrew its planned IPO in June,
is backed by investors including ABS Capital, Boston
University Community Technology Fund, Brown McMillan,
Cardinal Health Partners, Child Health Investment,
HLM Management, Imperial Ventures, J&W Seligman,
Morgenthaler, MPM Asset Management, Salix Ventures,
Utah Ventures, and Van Wagoner Capital Management.
http://www.pointshare.com /
_____________________________________________

o Digital TV Firm ACTV Buys Web Games Developer Bottle Rocket

NEW YORK -- Publicly traded ACTV, a provider of
interactive digital television software and programming
services, said it acquired New York City-based Bottle
Rocket, a developer and distributor of interactive
entertainment products for the Internet. Terms of
the deal were not disclosed. Bottle Rocket will
operate as a wholly owed subsidiary. Bottle Rocket
investors include Electronic Arts and Sportal.
http://www.actv.com/

======= New Directors =======

o Senior Reuters Executive Joins WorldStreet's Board

BOSTON -- WorldStreet, a provider of financial content
management software, said it elected Reuters America
Co-COO Phillip K. Lynch to its board of directors.
Reuters participated in WorldStreet's recent $30
million financing round, which included ING Barings,
Manufacturers Life Insurance, and UBS Warburg. Advanced
Technology Ventures IV, North Bridge Venture Partners
II, Gilde IT Fund BV, Cambridge Technology Capital
Fund I, H&Q WorldStreet Investors, J.P. Morgan Investment
Corporation, Sixty Wall Street SBIC Fund, Comdisco,
and ABS Ventures WS also contributed to the round.
http://www.worldstreet.com/
_____________________________________________

o E.piphany Exec Joins Bluestreak.com's Board of Directors

NEWPORT, R.I. -- Bluestreak, a provider of online
marketing services and products, said it has appointed
Tony Leach to its board of directors.  Mr. Leach,
who joins as the fifth member of the board, is the
vice president and general manager of E.piphany,
an intelligent customer interaction software maker.
Prior to joining E.piphany, he served as the senior
vice president of Oracle's worldwide consulting
division. Bluestreak is backed by Zero Capital,
Lazard Technology Partners, and individual investors.
http://www.bluestreak.com/
_____________________________________________

o Former AOL Executive Joins Go2 Systems' Board of Directors

IRVINE, Calif. -- Go2 Systems, a location-based
directory and information services system designed
for the Internet and wireless devices, said Steve
Johnson, former AOL vice president, will  join the
company's board of directors. The board now has
seven members. Mr. Johnson is co-founder and CEO
of Sage Hill Partners, a Boston-based venture capital
firm. The company would not disclose if Mr. Johnson
is an investor. Go2's backers include Cendant Internet
Group and eCompanies Venture Group.
http://www.go2online.com/
_____________________________________________

o Allaire President & CEO Joins MarketSoft's Board

LEXINGTON, Mass. -- MarketSoft, a provider of business-to-business
e-commerce marketing services, said that David Orfao,
president and CEO of e-commerce platform provider
Allaire, has joined its board of directors. The
addition increases MarketSoft's board membership
to seven. MarketSoft's investors include Integral
Capital Partners, Advent International, BancBoston
Capital, Canaan Partners, and Prism Venture Partners.
http://www.marketsoft.com/
_____________________________________________

o Collaboration Provider ShareThis Names Katmango CEO to Board

PORTLAND, Ore. -- ShareThis, a collaboration services
provider for businesses with global teams, said
Katmango president and CEO Alex Osandzinski has
joined its board of directors. ShareThis recently
received venture funding from Pillar Management,
Coldstream Capital, and Empire Ventures.
http://www.sharethis.com/
_____________________________________________

o Talus Solutions Adds Former CEO of TCI to Board of Directors

ATLANTA -- Talus Solutions, a provider of pricing
and revenue management products and services, said
it appointed Thomas M. Cook, former chief executive
officer of international consulting company TCI,
to its board of directors, raising membership to
nine. General Atlantic Partners and Goldman Sachs
are backers of Talus.
http://www.talussolutions.com/
_____________________________________________

o Wireless Device Firm Reason Elects Two New Board Members

AURORA, Colo. -- Reason, which sells brand-name
wireless devices and calling plans, said it has
elected Tim Connor, a principal of Sequel Venture
Partners, and Rich Walker, a vice president of LoneTree
Capital Partners, to its board of directors. The
new board members were announced following a second
funding round of $5.5 million led by Sequel Venture
Partners. The company has raised $7.25 million to
date. Previous funding came from individual investors.
The company said it will launch a consumer information
site, www.MyReason.com, this fall. Telephone 303-
750-3477.
_____________________________________________

o ZettaCom Elects Analog Devices CEO Jerry Fishman to Board

SAN JOSE, Calif. -- ZettaCom, a supplier of semiconductors
for the telecommunications industry, said it appointed
Jerry Fishman, president and CEO of Analog Devices,
to its board of directors. Mr. Fishman becomes the
fourth member of ZettaCom's board. ZettaCom has
recently completed its first round of funding. The
company's investors include Venrock Associates,
Norwest Venture Partners, and Wu-Fu-Chen.
http://www.zettacom.com/

======= New People =======

o Harmony Software Names Second CEO Since June

SAN MATEO, Calif. -- Harmony Software, which provides
analytic search engines for business-to-business
and business-to-consumer exchanges, portals, and
ASPs, said it named Robert Smith, Harmony's vice
president of sales and marketing, as its new chief
executive officer. Mr. Smith, who will become the
company's second chief executive in less than three
months, replaces Chris Kenber in the position. Mr.
Kenber, who was president and CEO of Apptitude before
joining Harmony, will retain his seat on the Harmony
Software board of directors. Mr. Kenber's appointment
as CEO of Harmony was contingent on the closing
of the sale of Apptitude to Hi/fn. Through a later
stipulation in that $62 million agreement Mr. Kenber
was required to return to Hi/fn and manage the joint
company. Harmony Software is backed by investors
including Chevron Technology Ventures, Commonwealth
Associates, Dain Rauscher Wessels, HCL Technologies,
APV Technology Partners, Greenfield Technology Ventures,
KMPG, NIF Ventures, and Red Rock Ventures.
http://www.harmony.com/
_____________________________________________

o Telezoo.com Names Newbridge Networks Exec as President, CEO

ARLINGTON, Va. -- Telezoo.com, a business-to-business
telecommunications marketplace, said it named Giulio
Gianturco as president and CEO. Mr. Gianturco previously
served as the executive vice president and general
manager of Newbridge Networks. Investors for telezoo.com
include Lazard Technology.
http://www.telezoo.com/
_____________________________________________

o Former MCI Exec Becomes First SecureWorks President, CEO

ATLANTA -- SecureWorks, a provider of Internet security
monitoring and response services, named Jardon T.
Bouska as its first president and CEO. Prior to
joining SecureWorks, Mr. Bouska worked with MCI
and MCI WorldCom. SecureWorks had a $9 million first
round and is currently in the process of raising
its second round of funding. SecureWorks is backed
by Noro-Moseley Partners, Alliance Technology Ventures,
and ITC Holding Company.
http://www.secureworks.com/
_____________________________________________

o Former Corporate Express Exec Now Newgistics President, CEO

AUSTIN, Texas -- Newgistics, a provider of logistics
services for Internet retailers and catalogers,
said it named Clarence Gabriel as president and
CEO. Mr. Gabriel replaces interim CEO Phil Siegel,
who founded Newgistics. Prior to joining Newgistics,
Mr. Gabriel was division president and CEO at Corporate
Express Delivery Systems. Newgistics recently secured
a $10 million first round of funding. Investors
in the company include Austin Ventures, R.R. Donnelley
& Sons, USFreightways, and AV Labs.
http://www.newgistics.com/
_____________________________________________

o FreeSamples.com Appoints New President and COO

SAN FRANCISCO -- Internet marketing company FreeSamples.com,
said it appointed Dana A. Plotkin, the company's
chief marketing officer, to the positions of president
and COO. Mr. Plotkin joined the firm in March. Investors
include GE Investments, CondeNet, TechSpace, Xchange,
Roccia Ventures, and Starwood International , and
individual investor Bob Lessin, chairman and co-CEO
of Wit Capital Group.
http://www.freesamples.com /

======= VC Fund News =======

o OpenSite Founder Launches TruePilot, Early Stage Tech Firm

RESEARCH TRIANGLE PARK, N.C. -- OpenSite Technologies
founder Michael Brader-Araje launched truePilot,
an investment firm that provides early stage funding
for entrepreneurial companies in the Internet infrastructure
and wireless infrastructure arena. Investments typically
range from $50,000 to $500,000. The firm provides
its investments with business planning and strategy,
product and service strategy, sales, marketing,
and public relations services. Companies included
in truePilot's portfolio include CreditSpan, eGulliver,
How Stuff Works, WindWire, Zoom Culture, and Entrepreneurial
Internet.
http://www.truepilot.com/
_____________________________________________

o UniversityAngels.com Raises $20 Million Follow-On Fund

NEW YORK -- UniversityAngels.com, an investor and
provider of entrepreneurial and investment resources
for university alumni and students, said it closed
a $20 million investment fund. Brighton Venture
Partners led the funding, which included other insititutional
and individual investors. The found will make investments,
usually between $100,000 and $500,000, in follow-on
rounds of funding or to take an equity stake of
20% or less in an investment round. The firm expects
to make between 40 and 50 deals with the new fund,
which may also participate in mezzanine rounds.
UniversityAngels.com is backed by Klein Investment
Group. Through its network of Web sites, UniversityAngels.com
enables investors to connect with alumni and student
entrepreneurs from their alma maters as well as
other universities in its network.
http://www.universityangels.com/

======= VC Personnel =======

o Enterprise Partners Names Former Nortel VP Managing Director

SAN DIEGO -- Enterprise Partners Venture Capital,
said Naser Partovi, former vice president of strategy
and business development for Nortel's optical networks
business unit, joined the firm as a managing director.
Enterprise Partners invests in early stage and emerging
companies in IT, communications, and healthcare.
The firm manages $745 million.
http://www.epvc.com/
_____________________________________________

o Venture Capital Firm ComVentures Names McLean Sixth Partner

PALO ALTO, Calif. -- ComVentures, a venture capital
firm focusing on early-stage communications and
Internet investments, said Jim McLean has joined
the firm as its sixth partner. Mr. McLean has served
as director of business development at Network Equipment
Technologies and worked in L.M. Ericsson's optical
communications research laboratory in Stockholm.
Most recently he was managing member and founder
of Bedrock Capital Partners. ComVentures also announced
that Perry Wu has joined the company as a venture
partner. Along with Mr. McLean, Mr. Wu was formerly
at Bedrock Capital Partners and also worked with
Accel Partners. Mr. Wu's background includes operational
and technical positions at Hearme, Apple Computer,
Xilinx, and IBM's Almaden Research Center. Early
this month, ComVentures announced closing ComVentures
V, a new equity fund capitalized with $550 million.
http://www.comventures.com/

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When will the words "digital media" and "profits"
belong in the same sentence? Join in the search for
answers at Internet Outlook with Lise Buyer, who brings
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Internet Outlook, from the publishers of VentureWire
http://www.tpsite.com/tp/conf/io2000/default.html

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Bus passes for January are now available at the Parking and Transportation office on the third floor of the Enron Building, ECN 306.  These passes are offered on a monthly basis and are provided at no charge to the Enron employee. However, because these buses passes are fully subsidized they must be treated as "taxable" income. Excluding the first $65 of the bus pass, the remaining value is subject to taxation, collectively referred to as "imputed tax". See example below

Example: A $100 pass is chosen by an employee.

Subsidy for Bus Pass		$100.00
Exclusion amount			$  65.00

Taxable Income amount		$  35.00


We thought it would be good to basically give Chair Hoecker talking points
with any numbers that Enron provides.  We will visit on these later today
when the numbers are ready (before 3:00).  Comments?
---------------------- Forwarded by Christi L Nicolay/HOU/ECT on 12/12/2000
10:38 AM ---------------------------
From: Leslie Lawner@ENRON on 12/12/2000 11:56 AM
To: Christi L Nicolay/HOU/ECT@ECT, Joe Hartsoe/Corp/Enron@ENRON, Rebecca W
Cantrell/HOU/ECT@ECT, Ruth Concannon/HOU/ECT@ECT, Stephanie
Miller/Corp/Enron@ENRON, Phillip K Allen/HOU/ECT@ECT, Jane M
Tholt/HOU/ECT@ECT, Richard Shapiro/NA/Enron@Enron
cc:

Subject: Talking points about California Gas market

Here is my stab at the talking points  to be sent in to FERC along with the
gas pricing info they requested for the California markets.  Let me or
Christi know if you have any disagreements, additions, whatever.  I am
supposed to be out of here at 2:15 today, so if you have stuff to add after
that, get it to Christi.  Thanks.


I think there is merit in pursuing this.  A couple of comments:
It may be unduly complicated to get customers to provide the funding.
Perhaps we should focus on the banks instead.  The deal might be further
funding in exchange for legislative and regulatory concessions on rates,
transmission and generation siting and the rest of the items you outline.
Rubin would be great to have, but having watched Summers in action I'm not
sure we need another ex-treas.  Summers is superb, up-to-speed, and
apparently willing to work on this.  Linda -- how would Larry feel if we
brought in his ex-boss (I know they're buddies but does Summers really need
the help?).
Need to keep an eye on the ball for large customers-- many of whom are ours.
they will continue to need some access to better rates.  Perhaps the proposal
could be converted to cash in exchange for demand reductions.

	Jeff Dasovich
	Sent by: Jeff Dasovich
	01/20/2001 10:54 PM

		 To: skean@enron.com, Richard Shapiro/NA/Enron@Enron, James D
Steffes/NA/Enron@Enron, Sandra McCubbin/NA/Enron@Enron, Susan J
Mara/NA/Enron@ENRON, Paul Kaufman/PDX/ECT@ECT, Linda Robertson/NA/Enron@ENRON
		 cc:
		 Subject: Summary of Proposed Short-term Solution for California's Energy
Crisis

----- Forwarded by Jeff Dasovich/NA/Enron on 01/20/2001 10:52 PM -----

	Jeff Dasovich
	Sent by: Jeff Dasovich
	01/20/2001 10:51 PM

		 To: tyson@haas.berkeley.edu, pverleger@compuserve.com
		 cc:
		 Subject: Summary of Proposed Short-term Solution for California's Energy
Crisis

Dean Tyson:

It was a pleasure to see you again today. Phil, it was a pleasure to meet you
and I look forward to working together.  Since time is of the essence, I
wanted to summarize where we left off at today,s meeting regarding California,
s energy crisis.  That summary is attached.  I've also attached three
articles from the business section of today's Chronicle that arguably bolster
our arguments for adopting the approach that we discussed at today's meeting.

 Given the fact that the legislative process is moving rapidly, bankruptcy is
a daily threat, and Dean Tyson will be attending the meetings in Davos, it
appears that our window of opportunity is very small.  It seems that success
requires a meeting of the principals by the end of the week, if not sooner.
The chances of success are obviously limited, but I think that we agreed that
all concerned have nothing to lose and everything to gain by taking a shot.
Your offer to help in the effort obviously increases the likelihood of
success and is greatly appreciated.

My apologies in advance if I have mischaracterized any of the points made at
the meeting.  It represents a &first cut,8 it will undoubtedly change as the
details get worked out, and I,m sure I,ve missed something.  So please don,t
hesitate to edit the draft.

Please keep in mind that I have not had a chance to discuss this proposal
internally.  As such, I can,t yet commit Enron to the specifics of the
proposal.  But I,m confident that the company can support something akin to
this structure and can let you and Phil know first thing Monday.

In addition, given the political environment in California, Enron has played
a constructive role by providing low-key, behind the scenes advice and
analysis to policy makers.  That approach seems preferable in this effort as
well.

Finally, Dean Tyson, I mentioned that Linda Robertson heads-up our Washington
D.C. office.  If she can help in any way, please don,t hesitate to let me
know.  Both of you should feel free to call me at home over the weekend to
discuss things further.  My home phone is 415.621.8317.

Best,
Jeff


I had most of the details yesterday morning, my fault for not responding.  And I also didn't clue into the 4/99 contract start date as well.

With Rita and Kevin's help, we have identified 4 deals for American Public Energy Agency

Deal #		Contract	End Date	Pipeline		Comment
310424		96026367	4/30/2011	NNG		Did not receive any gas for December 2001
310690		96012204	5/31/2008	NNG		Did not receive any gas for December 2001
936073		96021055	4/30/2011	PGEN		Need to see when physical flow stopped
936263		96021053	4/30/2011	SCAL		Need to see when physical flow stopped.

Rita, you ran the Deal Volume Tracking report for Dec 2001 and you found the PGEN and SCAL deals.  Would you please run a report for Nov 2001 just to make sure that we have all the current deals?

Kevin, try to determine the last day ENA supplied these deals.

Thanks.

I'm out this afternoon.  Please call me on my cell phone of you have any questions.  My number is 713-557-5095.

Thanks.

 -----Original Message-----
From: 	McMichael Jr., Ed
Sent:	Thursday, May 30, 2002 11:47 AM
To:	Germany, Chris
Subject:	American Public Energy Agency (Nebraska)

Chris,  When did we stop performing on this deal?
Ed

American Public Energy Agency (Nebraska)
4/99 kt date.
$287,000,000 pre-pay to ENA
term: 12 yrs.


Attached is the updated budget for Credit Risk Management.  Call with any questions.

Bill
3-3831

 -----Original Message-----
From: 	Leschber, Edie
Sent:	Wednesday, January 02, 2002 10:15 AM
To:	Bradford, William S.
Subject:	FW: Business Plans

Please find attached the below referenced budget for NETCO for Credit.  Included currently are primarily the basic employee costs based on average salaries and wages and average run rates (based on Sept 2001 YTD costs) for other types of expenses for your department.  It is very important that any additional costs specific to your department which you feel are not represented in this budget be added at this time.  Please review this budget and confirm to me your agreement or any changes or additions to it by 3:00 pm today.

Please feel free to contact me at X30669 with any questions you have regarding this information.

Thank you,
Edie Leschber
Manager, Financial Operations

 << File: Group_Netco.xls >>

 -----Original Message-----
From: 	Killen, Faith
Sent:	Wednesday, January 02, 2002 8:36 AM
To:	Hardy, Trey; Vandor, David; Leschber, Edie
Subject:	FW: Business Plans

We'll need to distribute the plans as currently prepared and work with the respective parties to finalize numbers by the end of today. Thanks.
 -----Original Message-----
From: 	Kitchen, Louise
Sent:	Monday, December 31, 2001 9:42 AM
To:	Belden, Tim; Calger, Christopher F.; Presto, Kevin M.; Duran, W. David; Robinson, Mitch; Forster, David; Curry, Mike; Arnold, John; Shively, Hunter S.; Milnthorp, Rob; Zufferli, John; Luce, Laura; Vickers, Frank; Neal, Scott; Lagrasta, Fred; Aucoin, Berney C. ; Steffes, James D.; Roberts, Mike A.; Grigsby, Mike; Tycholiz, Barry; Allen, Phillip K.; Redmond, Brian; Martin, Thomas A.; Kitchen, Louise; Colwell, Wes; Hodges, Georgeanne; Webb, Jay; Hillier, Bob; McAuliffe, Bob; Rub, Jenny; Hall Jr., Robert L.; Brackett, Debbie R.; Oxley, David; Bradford, William S.; Myers, Thomas; Schultea, Kathryn; Garcia, Paul; Reeves, Leslie; Buy, Rick; Port, David; Patrick, Michael K.; Haedicke, Mark E.
Cc:	Killen, Faith
Subject:	Business Plans

Faith Killen is putting together the new budget for Netco.  I would like to emphasize that you need to include all of your costs of restart (new software licences, additional legal support etc).  Please work with Faith to validate the numbers she is producing for January 3, 2002.

Thanks

Louise


Hi Melba,

We need to have a couple of new physical products set up as soon as you can.  They are:

1) Nicor/E. Dubuque = The interconnection between Nicor Gas Company and Northern Natural Gas Company located in Jo Daviess County, Illinois

2) PGLC/NGPL (Non-Pool) = The interconnection between The Peoples Gas Light & Coke Company and Natural Gas Pipeline Company of America (Pin No. 909285)

3) NBPL/Peoples/MANHTN = The interconnection between The Peoples Gas Light & Coke Company and Northern Border Pipeline Company located in Cook County, Illinois (Meter No. 81)

Please let me know when these products can be activated.  Thanks


Keith,

The article I mentioned.

Vince

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

rashed By Tax Selling

                  But are there bargains among the discards?

                  By Michael Santoli

                  Here it is more than six months since even the most
intransigent last-minute
                  filers wrote checks to the IRS to render to the government
its due for their
                  financial good fortune in 1999. By rights, this should be a
season relatively
                  free of concerns about taxes, notwithstanding the
presidential candidates'
                  parrying over whose tax-cut math features more fuzz.

                  And yet, for anyone with a dollar in the stock market
(which in recent weeks
                  has likely been reduced to loose change), the looming
demands of this year's
                  levies on capital gains have helped to make this month yet
another taxing
                  October for investors.

                                                 The jump-and-stumble course
the
                                                 major stock indexes have
taken this
                                                 year is being blamed for a
                                                 particularly intense effort
among
                                                 mutual-fund managers and
other big
                                                 investors to sell their
losers. The
                                                 steep ramp-up in stocks that
                                                 persisted from the fall of
1999
                                                 through the first quarter of
this year
                                                 -- led by the technology
                                                 must-haves -- left funds
with ripe
                                                 profit-taking opportunities
when the
                                                 Nasdaq surge flagged in
April. This
                  sell-high activity generated heavy capital gains in many
portfolios -- tax
                  liabilities that managers have been rushing to offset with
realized losses by
                  selling stocks that have cratered.

                  The fact that so many funds are enduring a flat-to-down
year in this difficult
                  market has only added to the urgency. Investors aren't fond
of getting stuck
                  with taxable distributions in even the most flush years of
a bull market. So
                  managers are now trading in fear of how their shareholders
will react to funds'
                  kicking off gains distributions in a year when the value of
their holdings fails to
                  appreciate or, worse, falls outright. With the majority of
funds operating on an
                  October 31 fiscal year end, and given a trend toward
letting investors know
                  their estimated tax hit well before year's end, much of
this selling has been
                  concentrated in a brief period of weeks.

                  One fund executive attending a Fidelity mutual-fund
conference last week
                  reported that, oddly, some managers have resolved to be
contrary and
                  "overdo it" in selling even their winners. The theory, he
reports, is that if
                  they're going to have a capital-gains distribution anyway,
the most skittish
                  shareholders will sell the fund to avoid the payout and its
tax liability, whether
                  it's, say, either 10% or 12% of net asset value. So the
idea is to take profits
                  and "reload" for the benefit of those investors who will
stick around.

                  Now, with the Nasdaq off 22.7% since Labor Day and 8% so
far in
                  October, much talk is bubbling about suggesting that the
assault is ending.
                  This line of reasoning counsels that it's time to peek out
of the foxhole and
                  survey the wreckage for some badly damaged stocks to pick
up in
                  expectation of a late-year rally.

                  Not so fast. While it's true that in past years, these
hard-hit tax-selling victims
                  tend to recover in the early part of November, the move
often proves fleeting.
                  Like a ball being held under water, these stocks jump when
the downward
                  pressure is released, but that doesn't mean they escape
gravity's pull for long.
                  Soon enough, they're hit by a secondary wave of selling by
investors who tidy
                  up their tax situation closer to the end of the year.

                  The quantitative equity research team at Lehman Brothers
has studied recent
                  market history in search of patterns in tax-driven selling.
In the process, the
                  analysts came up with a list of 131 stocks that look
vulnerable to persistent
                  weakness through most of the fourth quarter. The study
scanned the Russell
                  3000 index -- basically the 3,000 largest U.S. stocks --
for those that had
                  fallen at least 40% this year through September, and had
lost at least 10% in
                  the prior six months. They also plucked only those stocks
that had seen rising
                  trading volume over that period. The idea was to find only
those names that
                  seem to be in the throes of a selling crescendo. In 1997,
there were just eight
                  such stocks. In 1998, there were 202 and last year 101, on
a par with this
                  year's tired crop.

                  Murali Ramaswami of Lehman says, "There's both a tax-loss
story and a
                  momentum story. Losers continue to be losers." At least
through the fourth
                  quarter they do.

                                       The negative momentum of these stocks
tends to
                                       gather speed from the first week of
November to
                  Christmas. In this period, from 1997 through last year, the
Losers Portfolio
                  dropped an average of 20% more than did the Russell 3000
index.
                  Bottom-fishers, beware.

                  The resulting list, which Lehman billed to its
institutional clients as a menu for
                  hungry short-sellers, features numerous stocks caught in
the major downside
                  themes of the year. Name a major telecom-services provider
and the odds
                  are good it's in this bunch, the result of a stampede away
from the group. Big
                  retailers also dot the down-on-their-luck roster, as the
slowing economy has
                  ravaged shares of Circuit City, Dillards, Saks and others.
And of course there
                  are plenty of dot.com names experiencing the ugly side of a
mania undone, in
                  a reversal that has made some mere flyspecks on the
market's windshield.
                  Witness Barnesandnoble.com and Razorfish.

                  An intrepid prospector surveying this list in a quest for
next year's Comeback
                  Stock of the Year will encounter no shortage of companies
that appear, for
                  the moment, broken and in need of an inspired strategic
revamping, some
                  slick investor-relations work and plenty of luck. Former
blue chips such as
                  Lucent Technologies, Bausch & Lomb and Dial seem to fall
into that club,
                  where for investors a love of dirt-cheap stocks and a
strong backbone is the
                  price of admission. DuPont, which recently ratcheted down
its 2001 growth
                  forecast and is beset by high raw-materials costs, is
arguably apt to remain in
                  the investors' time-out chair for a while as well. That its
shares failed to sell off
                  after a limp earnings report last week is perhaps the most
hopeful sign one can
                  seize on with regard to the chemicals giant.

                  Still, for the investor patient enough to endure what could
be a stormy
                  November and December, a few sizable companies with
temporary problems
                  but solid long-term growth stories are attracting some fund
managers looking
                  to buy. As detailed in Barron's last week ("Retailers on
Sale," October 23),
                  there is reason to expect better performance from selected
retail chains.
                  Federated Department Stores, the parent of Macy's and
Bloomingdale's,
                  merits attention both for its buoyant same-store sales
growth in a retail
                  headwind and for its repair of the addled Fingerhut
catalogue division, which
                  suffered a spike in delinquencies. The shares are off their
trough levels in the
                  low 20s, but a recent quote of 28 still seems a
better-than-fair price for a
                  company that some pros believe could earn more than $5 a
share next year.

                  The advertising business this year is being given the cold
shoulder by investors
                  after a torrid love affair through 1999. Fearing that the
dot.com washout and
                  resultant cash drought would wither the bottom line of ad
firms, investors
                  abandoned Interpublic, the third-largest owner of ad
agencies after WPP and
                  Omnicom.

                  But Mark Greenberg, manager of the Invesco Leisure fund,
saw a chance to
                  pick up a "good, solid company" inexpensively when
Interpublic hit the low
                  30s. Now at 39, Interpublic is still fetching just 22 times
forecast 2001
                  earnings, which are expected to grow 15%, faster than
profits for the overall
                  market.

                  "I bought some early this year and added to it just
recently. The bad news is
                  probably priced into the stock, and then some," he says.

                  Madison Avenue markdown

                  Interpublic, parent of McCann Erickson, among other firms,
has always
                  suffered a bit in comparison with Omnicom, a market darling
considered the
                  class operator in the industry. But Interpublic now trades
at a discounted
                  valuation, and is briskly expanding its direct-marketing
and public-relations
                  business, which are growing faster than the traditional
Madison Avenue game.
                  Add in the fact that only a sliver of its business comes
from dot.coms and that
                  half its revenues are collected overseas, and Interpublic
appears well insulated
                  from crippling economic forces.

                  In a more prosaic corner of the ad business sits Valassis
Communications, a
                  big coupon distributor, which produces the colorful inserts
that fall out of your
                  Sunday paper. A well-loved growth stock that pleased many a
small and
                  mid-cap fund manager in 1999, Valassis this year ran into a
nettlesome
                  combination of higher paper prices and stiffer price
competition in one of its
                  insert categories. Investors bailed out in droves, halving
the stock from a high
                  above 44 to just north of 20. Now at 25, the shares are
"absurdly cheap,"
                  says Greenberg, who also owns Valassis.

                  Another fund manager points out that the company has taken
control of its
                  troubles, with hedged paper prices and a move to cut supply
in products
                  where pricing declined. Even with its growth forecast
revised downward,
                  Valassis is still expected to increase profits at a 10%-15%
long-term rate, and
                  earnings next year should rise close to 12%, to $2.50 a
share. That leaves the
                  stock at a mere 10 times next year's profits. And it's
worth noting that in times
                  of slower economic growth, coupons are among the things
that companies
                  continue to offer to bargain-hunters.

                  With a new wave of tax selling due to bear down on haggard
stocks any
                  week now, it might feel as if the typical first-quarter
rebound in the year's
                  losers that's been documented by Lehman Brothers is
hopelessly distant.

                  If you're tempted nonetheless to plunge ahead and buy a
beaten-down mutual
                  fund, check first to see if it will be among those making a
capital-gains
                  distribution later this year. In that case, you'll be on
the hook for the tax even
                  though you didn't participate in the gain. (You can take
the plunge without
                  worrying about payouts if you're buying the fund for a
tax-deferred account
                  such as a 401(k) or an IRA.)

                  But at least in selected stocks, it seems the machinations
of tax-fearing
                  investors have created the stock market equivalent of a
25%-off sale, and you
                  don't need to redeem a manufacturer's coupon to take
advantage.


Terry,

I traded vxmails with David Oxley, and he told me that Michelle is handling these matters.  Please let me know if you need further help.

Thanks,
Billy


---------------------- Forwarded by Scott Neal/HOU/ECT on 08/25/2000 10:05 AM
---------------------------

	From:  Kate Fraser                           08/22/2000 10:53 AM

To: Scott Neal/HOU/ECT@ECT
cc: Kyle Etter/HOU/ECT@ECT, Sandra F Brawner/HOU/ECT@ECT
Subject: Transport Model for New Deals

Scott,

Attached below is the transport model I have been using for new deals.  It is
set up right now for the Cranberry deal, but Kyle can show you how to modify
it for any new deal.  Obviously, I have not been relying heavily on the
extrinsic values this model produces.

Kate


Sorry, I meant Lucio
---------------------- Forwarded by Rob G Gay/NA/Enron on 12/21/2000 12:54 PM
---------------------------

Rob G Gay
12/21/2000 01:19 PM
To: Jose Lucio Reis/ENRON_DEVELOPMENT@ENRON@ENRON_DEVELOPMENT
cc: Rob G Gay/NA/Enron@Enron, Tracee Bersani/HOU/ECT@ECT, Richard A
Lammers/SA/Enron@Enron, Laine A Powell/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT,
Christiaan Huizer/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Felipe
Ospina/NA/Enron@ENRON, Marcus Stephan/SA/Enron@Enron, Lutz
Speidel/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT

Subject: Re: EPE Dispatch

Luis,

It may be important to substantiate officially Furnas' need to show 300MW
available even if constrained.  Is there a way to demonstarte that from
public records?

Secondly.  can you provide the technical description of the system
constraints and what is involved in overcoming them.  For instance does a new
transmission line have to be built or new transformer installed? How long
would it take to obtain these or other items and correct the problem?

Jose Lucio Reis@ENRON
12/21/2000 09:46 AM
Sent by: Jose Lucio Reis@ENRON
To: Rob G Gay/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: Tracee Bersani/HOU/ECT@ECT, Richard A Lammers/SA/Enron@Enron, Laine A
Powell/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Christiaan
Huizer/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Felipe Ospina/NA/Enron@ENRON,
Marcus Stephan/SA/Enron@Enron, Lutz
Speidel/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT

Subject: Re: EPE Dispatch

Rob:
Until now  FURNAS has not agreed to pay for the oil for 300MW. If ONS
dispatch the power plant for 300MW we do not have reinburshment for the
amount above 150 MW. We are asking and discussing with ANEEL to receive oil
on combined cycle and when the power plant produces using two gas turbines at
the same time. They asked for some data and they will be doing the analysis
and giving the answers at beginning of the new year. About if there is any
documents about this subject, the answer is no.

Second point: Under the FURNAS's point of view these constrains in the
transmission system is good for both ( FURNAS and EPE ) because from the
EPE's side we receive all invoice (  available capacity ), and even if the
plant is in the merit order, it will  not be dispatched because these
constrains. So in this case we do not consume oil more than 150 MW and FURNAS
will not be exposed in the spot market because they will be "constrain off"
in this market and will receive from the MAE by all this energy not
dispatched .

Best regards

L?cio Reis
---------------------- Forwarded by Jose Lucio Reis/SA/Enron on 21/12/2000
12:09 ---------------------------

Rob G Gay
19/12/2000 12:49
To: Jose Lucio Reis/SA/Enron@Enron
cc: Tracee Bersani/HOU/ECT@ECT, Richard A Lammers/SA/Enron@Enron

Subject: Re: EPE Dispatch

Could you please take a moment to rspond on the attached. Thanks You
---------------------- Forwarded by Rob G Gay/NA/Enron on 12/19/2000 09:21 AM
---------------------------

Christiaan Huizer@ENRON_DEVELOPMENT
12/19/2000 06:20 AM
To: Rob G Gay/NA/Enron@ENRON
cc: Laine A Powell/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Richard A
Lammers/SA/Enron@Enron, Tracee Bersani/HOU/ECT@ECT@ENRON, Felipe
Ospina/NA/Enron@ENRON

Subject: Re: EPE Dispatch

Rob,

Regarding items 1 and 2, please contact Lucio Reis in Sao Paulo office and he
can explain.

Item 3 is incorrect. The 300 MW would be generated by the two gas turbines at
about 100 MW each and the remaining 100 MW coming from the steam turbine. The
steam turbine receives its energy from the exit gases from the gas turbines
and they both contribute equally to the resulting steam turbine output
(theoretically at least, in practice depending on optimization of machines)

Again, please talk with Lucio.

Regards,

Christiaan

Rob G Gay@ENRON
12/18/2000 04:41 PM
To: Laine A Powell/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Christiaan
Huizer/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Richard A Lammers/SA/Enron@Enron
cc: Tracee Bersani/HOU/ECT@ECT
Subject: EPE Dispatch

Here is what we have concluded based on discussions this morning:

1) We believe that Furnas has agreed to contract and pay for 300 MW on oil to
meet regulatory requirements concerning required capacity and reserve
margin.  We do not believe that they intend for us to be dispatrched above
220 MW. (Do we have any document which could substantiate this?)

2) Although  dispatch on a merit order basis would suggest that EPE runs full
time (with 300 MW available),  there are practical constraints in the
transmission system which will prohibit this from actually occuring. [ Please
describe these constraints using some official sounding jargon but minimal
detail and in particular indicate what is involved to de-bottleneck and how
long this will take.  I presume that Furnas is solely responsible for the
corrective measures.]

3) Based on our analysis, the optimal operating approach would be to generate
220MW with  one turbine and 91 MW with the other for a total of 311 if
dipatched above 220 MW.

If we can prove that 1) & 2) are correct or convince the lenders that they
are, then I think we can suggest that fuel oil exposure is negligibe if gas
is ready by April 01.  We will have to see how it looks when we add the Sue
Garvin flex months.

Therefore, a merit order analysis is only necessary if i) our supposition
about Furnas' motivations are incorrect and/or ii) the transmission problem
is cleared.  If this happens it would be nice to be able to predict reduced
fuel utilization due to a) reduced dispatch during daily off-peak hours or
seasonal impacts, b) due to scheduled outages, and c) due to managing our
availabilty in such a way as to reduce fuel consumption operating losses.
Any data you can provide will be helpful.

Have I successfully connected the dots here?

If you have previously sent these materials to Felipe or Tracee please simply
grumble to yourself if you have to do an extra e-mail to me.  Remember, you
don't have to be nice to a short timer unless you need them to get something
done.

Regards,

Rob


Here's the picture of Steve Kean.


Danny:
Please see your travel itinerary for SGA Conference.  Note that Sunday departure was required as no Monday flights would get you in time for conference and were connections (example, American flight departing at 6:10 am with arrival into Palm Beach at 11:50.
Note, there is a direct later flight on Sunday night, 6:45 pm with arrival into Palm Beach 10:09.  Please advise if you want to change to later flight.
As you can see it is challenging on the return flight too.  I booked you out of Fort Lauderdale as no direct flights from Palm Beach were available.  The  earlier flight from Palm Beach was a connection with arrival at 7:00 pm into Houston so the  3:04 direct flight out Fort Lauderdale was a better choice.  Fort Lauderdale is about 40 miles from Palm Beach. Please advise if you wish to make any changes.

 -----Original Message-----
From: 	Mary Ewing <mary.ewing@travelpark.com>@ENRON
Sent:	Wednesday, October 17, 2001 4:35 PM
To:	Armstrong, Julie
Subject:	McCarty Itinerary - 11 November

                                          AGENT ME/ME BOOKING REF YMXWRD

                                          MCCARTY/DAN J
                                          EB 4158
                                          **NO YELLOW COPIES**
  ENRON CORP

  DATE:  OCT 17 2001

SERVICE               DATE  FROM           TO             DEPART  ARRIVE

CONTINENTAL AIRLINES  11NOV HOUSTON TX     WEST PALM B FL 125P    453P
CO 1630    Y          SUN   G.BUSH INTERCO PBEACH I
                            TERMINAL C
                                                          NON STOP
                            RESERVATION CONFIRMED         2:28 DURATION
                  AIRCRAFT: MCDONNELL DOUGLAS MD-80 ALL SERIES
                            SEAT 06A NO SMOKING CONFIRMED MCCARTY/DAN J(I

CAR                   11NOV NATIONAL               WEST PALM BEACH FL
                      13NOV CONFIRMATION: 907664706AISLE
                            TELEPHONE: 407-233-7368
                            FAX: 407-233-7358
                            INTERMED CAR AUTOMATIC AIR
                            RATE: USD37.00DY-UNL MI
                            RATE QUOTED DROP CHARGE: USD0.00
                            BASE RATE: *ZL*USD74.00 BR-2DY
                            PICK-UP: 2125 BELVEDERE RD W PALM BCH
                            DROP-OFF: FT LAUDERDALE/HOLLYWOOD INTL, DANIA

CONTINENTAL AIRLINES  13NOV FT LAUDERDA FL HOUSTON TX     304P    440P
CO 149     Y          TUE   FLL INTL       G.BUSH INTERCO
                            TERMINAL 1     TERMINAL C
                                                          NON STOP
                            RESERVATION CONFIRMED         2:36 DURATION
                  AIRCRAFT: BOEING 737-300
                            SEAT 06A NO SMOKING CONFIRMED MCCARTY/DAN J(I

MISCELLANEOUS         13MAR HOUSTON TX
                      WED   ** THANK YOU FOR USING THE TAP **

RESERVATION NUMBER(S)  CO/VYCS8S

MCCARTY/DAN J  S1C0366R1117

CO  FREQUENT FLYER CODX165436
ASSISTANT: JULIE ARMSTRONG 713 853-3597
*******************************************
INTL TVLRS: CARRY SOS WALLET CARD W/ENRON ASSISTANCE INFO
CALL SOS MEDICAL EMERGENCY:IN U.S 800 523-6586
CALL SOS MEDICAL EMERGENCY:INTL 215 245-4707 (COLLECT)
*********************************************
ALL FARES ARE SUBJECT TO CHANGE UNTIL TICKETED/PURCHASED

Mary Ewing
Travel Agency in the Park
Phone: 713 860-1830
email: mary.ewing@travelpark.com
Fax: 713 860-1869


Barry,

Stinson forwarded your message to me. I am meeting Ted Murphy today and I
shall bring it up with him.
We have unit at Research (Tanya Tamarchenko, reporting to Grant Mason) who is
responsible for
 V@R support.

Vince

---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 06/29/2000
10:28 AM ---------------------------

Stinson Gibner
06/29/2000 09:55 AM
To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: EBS VaR Transaction Policy

FYI

---------------------- Forwarded by Stinson Gibner/HOU/ECT on 06/29/2000
09:54 AM ---------------------------

	Barry Pearce @ ENRON COMMUNICATIONS
	06/29/2000 09:09 AM

To: Stinson Gibner/HOU/ECT@ECT, Dale Surbey/LON/ECT@ECT, Ted
Murphy/HOU/ECT@ECT
cc: Lou Casari/Enron Communications@Enron Communications, John Echols/Enron
Communications@Enron Communications, Jim Fallon/Enron Communications@Enron
Communications
Subject: EBS VaR Transaction Policy

Hey you guys,

We are trying to implement a 'VaR transaction' policy - and would like your
opinion.

This is going to be tough - because I'm not sure we have implemented a
similiar policy across any of our other 'books' - that is - we looking to
bring in all the accrual/operational assets as well as the MTM stuff
(lambdas). To have a real-live 'configuration' of the system.

If assets/routes/servers etc...are added - what is the impact on the 'value'
of the system and what it's worth.

John has attached a draft below - for your review and thoughts.

I can see how this works in a trading environment - when you actually know
the VaR of your whole trading portfolio. However - I've not seen this done
with a mixture of MTM & accrual assets. Add the spice of a 'operational
system' valuation  - and this will be tough to quantify and model.

Step 1 - configure system and value it
Step 2 - calculate a VaR on this. We will need to do some work here!
Step 3 - calculate the incremental VaR of new deals/amendements/reconfigs etc
- tough....

See what you think?

B.

	John Echols
	06/28/00 05:41 PM

		 To: Jim Fallon/Enron Communications@Enron Communications, Barry Pearce/Enron
Communications@Enron Communications, Lou Casari/Enron Communications@Enron
Communications
		 cc:
		 Subject: Policies

Here is a first rough draft of a "value @ risk" transaction policy.

I would like you to start looking at where we are going on the policy and get
some early thinking going on limits for the V@R.  For example, should we
effectively shut down all server relocations without approval,  or allow some
level of MB of storage to be moved around or reconfigured?

I need some commercial and industry realism for this.  We may need Rick
Paiste or your industry helpers (Marquardt, etc. to help us).

Barry,  Lou,  I need your input.


PLEASE DO NOT RESPOND TO THIS E-MAIL--THIS ACCOUNT IS NOT MONITORED

AP User:

Attached is/are the payment proposal(s) for your business unit.  Please review and forward to your approver(s)/CAO.

Thank you.
SAP AP Team
 - 20020109-ENWC.XLS


Thanks for the reminders.  Hopefully, this will take care of this.
---------------------- Forwarded by Sally Beck/HOU/ECT on 05/15/2000 01:41 PM
---------------------------

	Enron North America Corp.

	From:  Patti Thompson                           05/12/2000 09:57 AM

To: Sally Beck/HOU/ECT@ECT
cc:
Subject: Signers for Same Day Wires

FYI

Patti
---------------------- Forwarded by Patti Thompson/HOU/ECT on 05/12/2000
09:58 AM ---------------------------

	Enron North America Corp.

	From:  Sally Beck                           05/10/2000 04:45 PM

To: Mary Perkins/HOU/ECT@ECT
cc: Betty Tauzier/HOU/ECT@ECT
Subject: Signers for Same Day Wires

Mary,

As Brent Price is out of the country until July & I am travelling out of the
country more frequently, I would like to temporarily designate Susan Harrison
as a signer.  Susan is the Director of our off-system Settlements & Volume
Management groups.  This temporary designation will ensure that we maintain
appropriate signing coverage while Brent & I are unavailable.

Thanks,
Sally


Steve,

I have a book edited by Helyette regarding insurance derivatives.
I shall make a few copies of the most important articles
for you.

Vince

Steven Leppard
11/06/2000 05:39 AM
To: Vince J Kaminski/HOU/ECT@ECT, Vasant Shanbhogue/HOU/ECT@ECT
cc: Gillian Lockwood/LON/ECT@ECT
Subject: Insurance derivs

Vince, Vasant

I've just been speaking to Gillian Lockwood from our Tax group, who is
interested in your work on ins. derivs.  Have you any general articles on the
principles of pricing these instruments?

Many thanks,
Steve


As requested, please see the attched GISB draft for review.  Please do not
hesitate to give me a call with your questions and or comments regarding this
matter.

Very truly yours,
Debra Perlingiere
Enron North America Corp.
Legal Department
1400 Smith Street, EB 3885
Houston, Texas 77002
dperlin@enron.com
Phone 713-853-7658
Fax  713-646-3490


Jim,

I spoke to Bob Lewis (someone I used to work with at APX) Bob has extensive
BPA experience.

Bob told me that BPA has about 8000Mws of generation and 11000MWs of load for
this year.  As he understands, BPA should be covered for 2001, they have
essentially paid most of the DSI's (Aluminum Plants, not to run.  BPA has
also negotiated a deal with some Irrigation districts, totalling about 600
MWs and worked with some others to buy down their load).  BPA had a excess of
one(1) $ Billon in the bank which is essentially used up now.  The only way
they can replenish this fund is to raise rates under the CRAC, Cost Revenue
Adjustment Clause.  Depending upon the water year for 2002 the rates will
more than likely go back down in 6-12 months.  As I undrstood, BPA should
have all their load covered, eith by their own generation, load buy-downs or
short-term (spot) contracts.  The only DSI (Aluminum Plant) that I have heard
is not participating in the BPA Buy-Back is Kaiser and they are taking their
$20 power and reselling it on the spot at $200!

As I'm sure you know, BPA was formed to sell preference power from federal
projects, unitl 1980 they matched their output to the load.  In 1980 there
was an ACT passed which BPA was given the authority to acquire power to meet
new demand.  Until this past year and the shortages in California, BPA could
meet their increased demand on the spot markets, but with prices contorted
because of CA, acquiring power on the spot has been prohibitive, so we have
everyone becoming attentive to the problems in the west.

Kind Regards,

Dave

Steve Walton
05/07/2001 09:07 AM
To: Linda Robertson/NA/Enron@ENRON
cc: Alan Comnes/PDX/ECT@ECT, Dave Perrino/SF/ECT@ECT, James D
Steffes/NA/Enron@Enron, John Shelk/NA/Enron@ENRON, Mark
Palmer/Corp/Enron@ENRON, Paul Kaufman/PDX/ECT@ECT, Ray
Alvarez/NA/Enron@ENRON, Richard Shapiro/NA/Enron@ENRON, Sarah
Novosel/Corp/Enron@ENRON, Steven J Kean/NA/Enron@ENRON, Tom
Briggs/NA/Enron@ENRON

Subject: Re: BPA Issues with Negawatt Proposal in Barton

Do we have a copy of the proposal in its current form?  The case of the DSI's
is somewhat unique, I believe, because contracts are in place which at least
define their obligations/rights.  In the case of ordinary tariff customers,
these elements are missing.  It would seem that we could work around them
somehow,  because they already have a special status as direct retail
customers of BPA.  We need to have both the customer and the utility benefit
from the deal if this is really going to work.

	Linda Robertson@ENRON
	05/07/2001 08:13 AM

		 To: James D Steffes/NA/Enron@Enron
		 cc: Alan Comnes/PDX/ECT@ECT, Dave Perrino/SF/ECT@ECT, James D
Steffes/NA/Enron@ENRON, John Shelk/NA/Enron@ENRON, Mark
Palmer/Corp/Enron@ENRON, Paul Kaufman/PDX/ECT@ECT, Ray
Alvarez/NA/Enron@ENRON, Richard Shapiro/NA/Enron@ENRON, Sarah
Novosel/Corp/Enron@ENRON, Steve Walton/HOU/ECT@ECT, Steven J
Kean/NA/Enron@ENRON, Tom Briggs/NA/Enron@ENRON
		 Subject: Re: BPA Issues with Negawatt Proposal in Barton

The markup is this week.  Thus, we need to get our response to BPA in
circulation on the Hill by COB today.  Tom Briggs, please coordinate this.
Thanks.

	James D Steffes
	05/04/2001 07:34 PM

		 To: Steven J Kean/NA/Enron@Enron, Richard Shapiro/NA/Enron@Enron, James D
Steffes/NA/Enron@Enron, Mark Palmer/Corp/Enron@ENRON, Linda
Robertson/NA/Enron@ENRON, Tom Briggs/NA/Enron@Enron, Alan Comnes/PDX/ECT@ECT,
Ray Alvarez/NA/Enron@ENRON, Steve Walton/HOU/ECT@ECT, Dave
Perrino/SF/ECT@ECT, Sarah Novosel/Corp/Enron@ENRON, Paul Kaufman/PDX/ECT@ECT,
John Shelk/NA/Enron@Enron
		 cc:
		 Subject: BPA Issues with Negawatt Proposal in Barton

Alan and Steve --

You may have already done this, but we need to develop a solid response to
BPA's criticism of the negawatt proposal - "the criticism was that BPA would
be forced to purchase power on the open market at a high price since it is
short, sell it to the DSIs under contract; let the DSI sell it at market
rates and capture the difference; BPA witness said that thus sec. 102 would
make it difficult if not impossible to implement their strategy to avoid as
much as a 200 percent rate increase on 10/1/01; BPA testimony will make it
tough for Members of Congress from that service region to support sec. 102."?

My initial response is that BPA is (a) finding someone to blame for its
proposed rate increase, (b) try to get out of fulfilling firm obligations to
the DSI customers, and  (c) making excuses for being short in today's market
- again an example of why the government shouldn't be in the Power business.

What the negawatt proposal would do would be to allow BPA to discuss frankly
with firm DSI customers how to share in the benefits of reducing their load.
Given that BPA is short, this type of proposal makes perfect sense (from a
BPA only perspective and from a West wide perspective - if enough load comes
off, any remaining short that BPA must fill would be at a lower price).

We need to get back to the DC office with our best arguments.

Thanks,

Jim


It occurred to me last night after you two had left that we never quantified
what constitutes a "good" girl.  And, given that oversight I may have been
remiss in stating that Wilson was not ready for said good girl.  Just as the
opinion of women in Texas differed between you Yanks and the Texas boys at
the table, I am inclined to believe that our definitions of a "good" girl may
not be in line.

P.S. -- A person in their nineties is referred to as a nonagenarian.  (We
really should have figured that one out last night.)


In advance of Ken's phone call to Ambassador Celeste in Delhi, I have
prepared a brief one-page summary of the current situation as talking points
for Ken.

For convenience, I also attach the talking points we provided to Ken's office
in advance of his earlier conversation with the Ambassador.

Ashok Mehta in our Delhi office has spoken with the Ambassador. He is booked
with official engagements on Monday evening, India time, but would be
available on Tuesday morning, India time, 8:00am, which translates to Monday
evening, Houston time, 8:30 pm. If this works for Ken's schedule, the
telephone number he requested we call is --

US Embassy
011-91-11-419-8000
Tell the operator that this is a previously arranged call with Ambassador
Celeste

For your information, I have a separate meeting with Ambassador Celeste on
Thursday afternoon, January 11, in Delhi. At our request, he had earlier
agreed to a full update on the Dabhol project. This update was originally
scheduled for last Wednesday, but his schedule changed, and we rescheduled
for this coming Thursday.


Please take a look at the credit sections before this goes, Conectiv is ready
to sign.  Shari said yesterday they have signed the guaranty?

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


Chris Sebesta
Northern Natural Gas
Office:  402-398-7064
Fax:      402-398-7413
chris.sebesta@enron.com


-----Original Message-----
From: Neal, Scott [mailto:Scott.Neal@ENRON.com]
Sent: Thursday, November 29, 2001 2:17 PM
To: scott.neal@worldnet.att.net
Subject: FW: Just wanted to say Hi!

>  -----Original Message-----
> From: 	"Randy Aucoin" <randy.aucoin@rweamericas.com>@ENRON
> Sent:	Thursday, November 29, 2001 11:15 AM
> To:	Neal, Scott
> Subject:	RE: Just wanted to say Hi!
>
> Scott,
>
> My number is 713-837-2272.  I'm rarely at my desk so please try my
> cell
> phone 281-793-6796.
>
> Randy
>
> -----Original Message-----
> From: Scott.Neal@enron.com [mailto:Scott.Neal@enron.com]
> Sent: Thursday, November 29, 2001 10:29 AM
> To: Randy Aucoin
> Subject: RE: Just wanted to say Hi!
>
>
> Randy,
>
> Thank you for your thoughts.  My family and I are fine.  I will give
> you
> a
> call later.
> What is your phone number?
>
> Sincerely,
>
> Scott
>
>     -----Original Message-----
>    From:   "Randy Aucoin" <randy.aucoin@rweamericas.com>@ENRON
>    Sent:   Thursday, November 29, 2001 8:59 AM
>    To:     Neal, Scott
>    Subject:  Just wanted to say Hi!
>
>    Scott,
>
>    I hope you and your family are doing o.k.  I know these last few
> weeks
>    have had to be tough on you and your employees.   I know there is
>    nothing anyone can do or say to change the situation, but I wanted
> you
>    to know that I was wishing you the best.  I know your character and
> the
>    respect you have gained from your fellow employees is still an
>    inspiration to those around you.
>
>    I would love to buy you and your wife dinner one night if you would
> like
>    to get away for the evening.
>
>    Sincerely,
>
>    Randy Aucoin
>    RWE Trading
>
>
>
>
> **********************************************************************
> This e-mail is the property of Enron Corp. and/or its relevant
> affiliate
> and may contain confidential and privileged material for the sole use
> of
> the intended recipient (s). Any review, use, distribution or
> disclosure
> by others is strictly prohibited. If you are not the intended
> recipient
> (or authorized to receive for the recipient), please contact the
> sender
> or reply to Enron Corp. at enron.messaging.administration@enron.com
> and
> delete all copies of the message. This e-mail (and any attachments
> hereto) are not intended to be an offer (or an acceptance) and do not
> create or evidence a binding and enforceable contract between Enron
> Corp. (or any of its affiliates) and the intended recipient or any
> other
> party, and may not be relied on by anyone as the basis of a contract
> by
> estoppel or otherwise. Thank you.
> **********************************************************************
>


John sherriff and I hosted Ian Murray for an hour today at his request.  He
will be arriving in Houston in January, having just completed a tour of duty
in Sao Paolo, where he came into contact with Jim Bannantine.  At the end of
the meeting I gave him your name/number as a contact.  He may call you.  No
big issues, he just wants to make sure he knows us, and we know him, as we
are a major inward investor in the UK.   thanks  mcs


The fun never ends.
---------------------- Forwarded by Kay Mann/Corp/Enron on 04/25/2001 11:35
PM ---------------------------

"Campbell, Carolyn" <CCampbell@KSLAW.com> on 04/25/2001 10:04:52 PM
To: "'estelle.a.lawrence@citi.com'" <estelle.a.lawrence@citi.com>,
"'barbara.bennett@citi.com'" <barbara.bennett@citi.com>
cc: "'gregorylang@paulhastings.com'" <gregorylang@paulhastings.com>,
"'iparker@freshfields.com'" <iparker@freshfields.com>, "'kay.mann@enron.com'"
<kay.mann@enron.com>

Subject: ENA/PPL Escrow Agreement

Estelle and Barbara:

PPL's lenders have requested two items relating to the escrow prior to
funding:

1.  Fax copy of the Escrow Agreement signed by Citibank; and
2.  E-mail confirmation that the escrow account has been opened.

Can you please furnish these items as early as possible on Thursday morning.
The parties intend to fund the escrow before 10:00 central time.  The money
needs to make one stop before it gets to you, so the earlier it can get
started the better.  Please furnish these items to the following
individuals:

1.  Carolyn M. Campbell (fax 713-751-3280) (ccampbell@kslaw.com)
2.  Greg Lang (fax 203-674-7646) (gregorylang@paulhastings.com)
3.  Isabel Parker (fax 212-277-4001) (iparker@freshfields.com)

Thank you.

Carolyn M. Campbell
King & Spalding
713-276-7307 (phone)
713-751-3280 (fax)
ccampbell@kslaw.com <mailto:ccampbell@kslaw.com>

                    Confidentiality Notice
This message is being sent by or on behalf of a lawyer.  It is intended
exclusively for the individual or entity to which it is addressed.  This
communication may contain information that is proprietary, privileged or
confidential or otherwise legally exempt from disclosure.  If you are not the
named addressee, you are not authorized to read, print, retain, copy or
disseminate this message or any part of it.  If you have received this
message in error, please notify the sender immediately by e-mail and delete
all copies of the message.


Dave:
I was thinking about our conversation yesterday.   If El Paso, absent this
power deal, were to give us physical gas for 8 years discounted at their WACC
in exchange for an upfront cash payment from ENE, is that transaction a
mark-to-market gain for us?  If not, what's the difference in paying them
with an asset rather than cash.  If it is a mark-to-market gain, isn't this a
way to generate false P&L?
John


Gentlemen,

Thank you for the letter memorializing my nomination for the 2000 Chairman's
Award.  It is a privilege to be a part of the Enron organization.  I have
received many promotions, cash bonuses and commendations during my career but
I consider the recognition as a nominee for the 2000 Chairman's Award to be
the most significant acknowledgment of my performance ever received.  My
compliments to you for making Enron one of the most successful and excellent
companies on the globe.  I only wish that I could contribute more to Enron's
growth and continued success.

Sincerely,

RW Blakemore
Enron Wind Energy Systems Corp.
Center For Advanced Technology


Darlin',
Someone booked the entire Rainbow Lodge for a party this p.m.
As alternatives, Chez Sooz recommends:
La Mora
Brennan's
Please advise.

xxxooo
S.


Please note that your employees have suggested the following people to
complete a feedback form on their behalf.  You will need to access the
Performance Management System (PEP) to either approve or decline these
suggested reviewers.  Once you have approved the suggested reviewers they
will be notified and can begin completing the feedback form.

Your list of employees that have suggested reviewers are listed below:

Date suggested: May 19, 2000
Feedback Due Date: Jun 16, 2000

Employee Name: KOLLAROS, ALEXIOS

Date suggested: May 22, 2000
Feedback Due Date: Jun 16, 2000

Employee Name: KRISHNARAO, PINNAMANENI V

Date suggested: May 22, 2000
Feedback Due Date: Jun 16, 2000

Employee Name: SHANBHOGUE, VASANT


Start Date: 1/12/02; HourAhead hour: 9;  HourAhead schedule download failed. Manual intervention required.


Hello...
Despite my thoughts, you like baseball.   So the question is do you like art
(as in musuems)  ?
I'm leaning towards yes but don't know for sure.


Sure thing...MLC

   Carol St Clair @ ECT                05/16/2001 02:09 PM

To: Marianne Castano/HOU/EES@EES
cc: James E Keller/HOU/EES@EES
Subject: Re: Please see attached memo...

Marianne:
Thanks for this.  As Elizabeth Sager and I are tag teaming this effort until
I get up to speed on power, please copy her on any e-mails that you send me.
I have forwarded this to her.

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

	Marianne Castano@EES
	05/16/2001 02:05 PM

		 To: Ceryl Lipshutz/HOU/EES@EES, Vicki Sharp/HOU/EES@EES, James E
Keller/HOU/EES@EES, Mike D Smith/HOU/EES@EES, William S
Bradford/Enron@EnronXGate, Sean A Holmes/HOU/EES@EES, Connie
Estrems/HOU/EES@EES, Jason Woodward/HOU/EES@EES, James M Wood/HOU/EES@EES,
Richard L Zdunkewicz/HOU/EES@EES, Denise Furey/Enron@EnronXGate,
jmaas@llgm.com, Michelle Maynard/HOU/EES@EES, Richard Freed/HOU/EES@EES,
Edwin Essandoh/HOU/EES@EES, Jeffrey T Hodge/HOU/ECT@ECT, Carol St
Clair/HOU/ECT@ECT
		 cc:
		 Subject: Please see attached memo...