A Day of Terror: Energy Firms Act to Protect Their Systems
The Wall Street Journal, 09/12/01
A Day of Terror: Attacks in U.S. Spur Rise in Energy Prices --- Some Suspect the Terrorism Has Origins in Mideast, Fear Supply Disruption
The Wall Street Journal, 09/12/01
Enron Starts U.S. Gas and Power Trading After Attacks (Update1)
Bloomberg, 09/12/01

Enron Will Resume Mkt-Making In N. Amer Gas, Power
Dow Jones News Service, 09/12/01

Houston Workers Quickly Head Out of Towers, Big Companies Close Down
KRTBN Knight-Ridder Tribune Business News: Houston Chronicle - Texas, 09/12/01
Energy Cos Reviewing S Asia Ops Security After US Attack
Dow Jones Energy Service, 09/12/01
Enron India/Precautions -4:Holds Dabhol Controlling Stake
Emerging Markets Report, 09/12/01
'Stir against proposed power tariff hike'
The Times of India, 09/12/01
Nymex: Conference Call Tue To Consider Reopening
Dow Jones Energy Service, 09/11/01
Bandwidth-Trading Operations Shut Down After Terrorist Attacks in U.S.
Dow Jones Business News, 09/11/01
Analyst: 'Fear, Short Covering' Seen In Natural Gas
Dow Jones Energy Service, 09/11/01
Power Trading Ceases as Utilities Step Up Security After Attacks
Dow Jones Business News, 09/11/01
INDIA: Enron's Indian unit finds it hard to repay debt.
Reuters English News Service, 09/11/01
USA: U.S. power trading ceases after attacks.
Reuters English News Service, 09/11/01
El Paso, Dynegy Among Texas Companies Evacuated (Update1)
Bloomberg, 09/11/01

Enron, El Paso Shut Down Energy Trading After Attacks (Update1)
Bloomberg, 09/11/01

A Day of Terror: Energy Firms Act to Protect Their Systems
By Wall Street Journal staff reporters Rebecca Smith, John Emshwiller and Alexei Barrionuevo

09/12/2001
The Wall Street Journal
A2
(Copyright (c) 2001, Dow Jones & Company, Inc.)

Energy companies that control the nation's electricity and natural-gas supplies as well as big oil companies went on heightened alert to safeguard the system from possible attack.
Across the country, utility emergency control centers came to life and extra security patrols were initiated. But with thousands of miles of pipelines and transmission lines, it was largely a symbolic effort. With energy markets suspended and trading floors closed in New York and Houston, the biggest impact was financial.
In California, grid officials were preparing to order plants to operate today according to work schedules submitted for yesterday's market day.
Enron Corp., Dynegy Inc. and Reliant Energy Inc. largely shut down their headquarters offices in Houston, except for essential personnel. However, they said they were maintaining normal deliveries of electricity and gas to customers. "We have a skeleton crew on the trading floor but I don't think anyone is focused on trading today," a Reliant spokesman said.
The Nuclear Regulatory Commission ordered the nation's 104 nuclear reactors to implement heightened security plans although many utilities that own generating plants already had done so. Exelon Corp. put its 17 reactors at 10 plant sites on alert voluntarily -- and largely vacated its 60- plus story headquarters office tower in downtown Chicago. "We sent everybody home we could," said Don Kirchoffner, head of communications for the firm that owns the old Commonwealth Edison and Philadelphia Electric utilities. "At our plants, we've doubled the security."
Nuclear power plant containment buildings, where radioreactive materials are housed, are "hardened" against war-time or terrorist attack. They are designed to withstand accidental air crashes and hurricanes, as well, and have concrete walls up to four feet thick that lie outside heavy steel liners, often an inch thick.
Nevertheless, critics always have feared that terrorists might be able to get inside the plants and cause mayhem. Edison International said it has asked the California Highway Patrol to monitor traffic along Interstate 5, which lies a short distance from its San Onofre nuclear plant south of Los Angeles that's operated by its Southern California Edison unit.
Like companies everywhere, Tulsa-based Williams Cos. started the day by locating its top three levels of management. Then the energy company traced employee travel to determine whether any employees might have been in lower Manhattan or at the Pentagon at the time of the terrorist attacks. "We still don't know for sure," Williams spokesman Jim Gipson said.
In the wake of the attacks, oil companies said they heightened security measures at refineries but no company reported a curtailment in the production of gasoline or other refined products.
BP PLC, Shell Oil Co., Chevron Corp., Valero Energy Corp. and Phillips Petroleum Co. all said that their facilities were operating normally.
A spokesman for Valero, San Antonio, said the company instructed refinery managers in a morning conference call to restrict the flow of "outsiders" into its plants.
Phillips Petroleum, Bartlesville, Okla., instituted a travel ban for overseas U.S. workers. "We have just said, `stay where you are for now,'" a Phillips spokeswoman said.
Kinder Morgan Inc., Houston, shut down a petroleum-products storage facility in New York Harbor that feeds Northeast refineries and gas stations. The 6.6 million-barrel facility stores and transfers gasoline, jet fuel and diesel.

Copyright ? 2000 Dow Jones & Company, Inc. All Rights Reserved.

A Day of Terror: Attacks in U.S. Spur Rise in Energy Prices --- Some Suspect the Terrorism Has Origins in Mideast, Fear Supply Disruption
By Alexei Barrionuevo
Staff Reporter of The Wall Street Journal

09/12/2001
The Wall Street Journal
A2
(Copyright (c) 2001, Dow Jones & Company, Inc.)

Energy prices soared on fears the terrorist attacks might have originated in the Middle East and that potential U.S. retaliatory action could disrupt oil supplies.
The price of the U.S. benchmark West Texas Intermediate yesterday rose to as high as $31 a barrel for both October and November delivery following the attacks, up from $27.63 for the October price Monday. The attacks shuttered commodity trading at least through today at the New York Mercantile Exchange, which operates in a World Financial Center building next door to the World Trade Center.
Gasoline pump prices also began shooting up in locations nationwide in the wake of the attacks. By lunchtime, workers reported seeing stations posting prices of $2.09 a gallon in Lansing, Mich. Consumers in Tulsa, Okla., also reported prices that had spiked by more than 20 cents a gallon at several stations.
Across the country, people lined up at gasoline stations to top off their tanks, apparently concerned about gasoline supplies. Exxon Mobil Corp., one of the country's largest gasoline retailers, advised against it. The company said it had "ample supplies" of gasoline and urged consumers to "maintain normal buying habits to avoid artificial run-outs." In a statement, BP PLC said "for today, we are holding the line on prices."
Trucks lined up several deep at Valero Energy Corp.'s Benicia, Calif., gasoline pick-up terminal. Valero was the only refining company in the San Francisco Bay Area that kept open its terminal, said Greg Kaneb, a Valero vice president. Other companies apparently closed theirs for security reasons, later reopening them after lunch. As a result, wholesale prices for several refiners shot up as much as 20 cents a gallon, Mr. Kaneb said.
"There's going to be a public reaction that's going to create some uncertainty," said Jeff Pillon, energy analyst at the Michigan Public Service Commission. "We've seen a lot of volatility. For things to jump around would not be surprising."
Should oil prices continue to climb, members of the Organization of Petroleum Exporting Countries appeared ready to step in and boost production. Ali Rodriguez, OPEC's secretary general, said the organization is prepared to take whatever measures are necessary to stop prices from spiking. Speaking by radio in Caracas, Venezuela, Mr. Rodriguez said stability in oil markets is the group's top priority, and that he fully expects prices to level off.
Several key OPEC producers, including Saudi Arabia, Iran and Kuwait, could turn up the taps. The organization has cut 3.5 million barrels a day from their production this year and has some excess supply. "OPEC is in a great position," said Adam E. Sieminski, global energy strategist at Deutsche Banc Alex. Brown.
Meanwhile, a surge in panic buying the next few days could send prices to $35 a barrel, said Michael C. Lynch, chief energy economist for DRI-WEFA Inc. "The industry is going to expect some kind of retaliation" from the U.S., Mr. Lynch said.
After the 1993 bombing of the World Trade Center, which led to the close of the NYMEX for less than a day, oil prices rose to a then-four-month high of $21 a barrel.
A greater concern is a repeat of the panic buying that followed the 1979 Iranian revolution. Fears the revolution would spread to other Middle East nations led the oil industry to stockpile greater-than-normal inventories for nearly a year and a half. Prices didn't drop until industry storage tanks were full, Mr. Lynch said.
The closing of the NYMEX presents more immediate problems for the crude-oil and natural-gas markets. Analysts expect markets in London, Singapore and Chicago to cover for the NYMEX. But most of the focus in the U.S. will shift to the physical markets, such as West Texas Intermediate, which tracks closely with NYMEX crude futures contracts. Online exchanges such as Enron Corp.'s EnronOnline and Dynegy Inc.'s Dynegydirect, where traders can trade away from the NYMEX floor, will also be tested, said an executive at a Houston energy company. Yesterday, however, Enron's service was down because the company's Houston building was evacuated.
---
Bhushan Bahree in Paris and Thaddeus Herrick contributed to this article.

Copyright ? 2000 Dow Jones & Company, Inc. All Rights Reserved.

Enron Starts U.S. Gas and Power Trading After Attacks (Update1)
2001-09-12 09:00 (New York)

Enron Starts U.S. Gas and Power Trading After Attacks (Update1)

     (Adds Enron will stop trading at noon Houston time in fifth
paragraph.)

     Houston, Sept. 12 (Bloomberg) -- Enron Corp., the largest
energy trader, said it will resume trading of natural gas and
electricity today following terrorist attacks that destroyed New
York's World Trade Center and damaged the Pentagon.

     ``We see no reason for North American natural gas and power
markets to become unstable in the aftermath of yesterday's
tragedies,'' Chief Operating Officer Greg Whalley said in a
statement.

     Enron will trade through its EnronOnline Internet site and by
telephone, spokesman Mark Palmer said. The New York Mercantile
Exchange said it won't open its trading floor today. The Nymex,
near the World Trade Center site, was evacuated yesterday after
two airplanes crashed into the center's twin towers.

     Enron, based in Houston, and other U.S. energy traders such
as El Paso Corp. and Mirant Corp., suspended trading yesterday
after the attacks.

     The company will stop trading at noon Houston time. As many
as 4,000 trades worth about $2.5 billion are conducted daily
through EnronOnline. The company also handles 400 to 500 trades by
telephone daily, Palmer said.

     Enron executives don't expect U.S. gas and power markets to
be affected by Tuesday's events, though prices might swing widely,
Palmer said.

Enron Will Resume Mkt-Making In N. Amer Gas, Power

09/12/2001
Dow Jones News Service
(Copyright (c) 2001, Dow Jones & Company, Inc.)

HOUSTON -(Dow Jones)- Enron Corp. (ENE) will resume its North American market-making activity by acquiring and selling natural gas and power through telephones and its online transaction platform until noon CDT.
Enron said in a press release Wednesday that it sees no reason for North American natural gas and power markets to become unstable in the aftermath of Tuesday's tragedies.
The energy company added that "these are domestic commodities, and the physical infrastructure is secure and operating."
Enron's markets outside North America will operate according to their normal schedule.
-Eamon Beltran; Dow Jones Newswires; 201-938-5400

Copyright ? 2000 Dow Jones & Company, Inc. All Rights Reserved.

Houston Workers Quickly Head Out of Towers, Big Companies Close Down

09/12/2001
KRTBN Knight-Ridder Tribune Business News: Houston Chronicle - Texas
Copyright (C) 2001 KRTBN Knight Ridder Tribune Business News; Source: World Reporter (TM)

Many of Houston's big companies shut down Tuesday soon after word came of the attacks on the World Trade Center and Pentagon, leaving local office towers nearly vacant and halting regular commerce in Houston.
Houston's center turned into a ghost town as employees went home or moved to satellite offices to continue their work away from the big office towers.
Across the city, companies appeared to be planning to be working today, said Bill Goeke, senior vice president of PM Realty Group, which manages more than 250 Houston-area buildings.
"Based on what we're hearing, it's business as usual tomorrow," Goeke said.
Hines, the Houston-based real estate firm that owns 150 buildings around the nation, including 24 in Houston, evacuated all of its buildings Tuesday, but it plans to reopen them today.
However, Hines has increased security at all its buildings, with guards posted both inside and outside.
Crescent Real Estate Equities, which owns Greenway Plaza, downtown's Houston Center and major office buildings elsewhere, put more security personnel into action at its 78 buildings across the nation, spokeswoman Sandra Porter said.
Crescent security was closely scrutinizing all packages being carried into its buildings and looking for suspicious activity, Porter said.
Traffic was gridlocked Tuesday morning with an early rush hour out of downtown. Street corners were also packed with riders waiting for buses. At some corners, it was almost impossible to wade through as people wheeled boxes and briefcases down the sidewalks.
The Galleria, one of the nation's largest shopping centers, also shuttered its doors, putting its 300 stores out of business for the day. But managers there expect the Galleria to be open today.
Many downtown restaurants closed when it became apparent that lunch-hour business would be scarce.
Dan Tidwell, co-owner of Treebeards, said when Enron and Dynegy closed Tuesday morning, there was a domino effect. By noon, business at three of his five downtown locations had pretty much dried up. Only the Market Square and Christ Church Cathedral locations stayed open.
By late Tuesday afternoon, Tidwell said he was preparing to open at least some of his locations for a regular day today.
"We'll be there at 6 a.m. peeling the shrimp and cooking the beans," Tidwell said.
Houston companies where most workers went home early included Bank of America, BP, First City, Enron, Shell, Williams Cos., Bank One, Wells Fargo, Dynegy, Aim Management and Chevron.
Before midday, the Vinson & Elkins law firm dismissed its 1,200 employees working in the First City Tower downtown.
Tishman Speyer Properties, a New York-based real estate firm that manages Rockefeller Center and dozens of buildings around the nation, decided to shut down all of its properties Tuesday, said Chip Colvill, head of the firm's Houston office. The 1,500 people who who work in Tishman Speyer's 20-story BriarLake Plaza building on the West Belt went home early.
Pennzoil-Quaker State Co. didn't officially close Tuesday but allowed its employees to leave early. It plans to be open today, said Wendy Hopkins, manager of employee communications. The company will put out a message on its telephone hot line, a communication system more typically reserved for weather emergencies, to let employees know, Hopkins said.
Some companies are letting their employees decide. Vinson & Elkins plans to be open today, but employee comfort is of paramount importance, a spokesman for the firm said.
If someone doesn't feel comfortable returning, the firm will certainly understand, said Joe Householder, the firm's manager of public relations.
When news of the attacks came out Tuesday morning, businesses focused on security and opted to shut down to avoid a disaster like the one at the World Trade Center. But as it became apparent that Houston wasn't a target, businesses began concentrating on employee needs and sent them home to calm their fears.
Employees began to worry about their children and their emotional health if they were left at school while others were picked up, said Bill Sala, vice president and managing director of the Innis Co., a human resource consulting firm in Houston.
It's hard to know what to do because the situation is so out of the ordinary, but Sala believes employers wanted their employees to be with their families and children.
Steve Currall, associate professor of management and psychology at the Jones Graduate School of Management at Rice University, said he immediately told his assistant to take care of her family responsibilities.
It's the least a manager can do, Currall said. It's also important for managers to give employees a choice because people deal with stress in different ways. Some would rather stay at work and not deviate from their schedules. Others want to sit at home and watch the television coverage.
Downtown Houston was virtually vacant by late afternoon. Empty buses moved along traffic-free downtown streets at 5 p.m.
Cabdriver Raed Alwqfi said he had waited two hours outside the Chase Tower without getting a rider.
"We're still waiting," he said. "There's nobody here."
By Ralph Bivins and L.M. Sixel

Copyright ? 2000 Dow Jones & Company, Inc. All Rights Reserved.

Energy Cos Reviewing S Asia Ops Security After US Attack
By Sri Jegarajah
Of DOW JONES NEWSWIRES

09/12/2001
Dow Jones Energy Service
(Copyright (c) 2001, Dow Jones & Company, Inc.)

SINGAPORE -(Dow Jones)- Foreign energy companies active in South Asia's power, oil and natural gas sectors are reviewing security arrangements in the wake of terrorist attacks against the U.S. and possible repercussions in the subcontinent.
"I would imagine every large multinational in South Asia is reviewing their security procedures, but I think that's as far as it's going at the moment," said Matthew Foreman, South Asia analyst with London-based global business risk consultancy Control Risks Group (U.CRG).
As reported, U.S. energy major Enron Corp.'s (ENE) India subsidiary said it has taken adequate security precautions to protect high-profile projects in the power, oil and natural gas sectors, including the controversial 2,184-megawatt, US$3 billion Dabhol project in Maharastra - in which Enron holds a 65% controlling stake.
"Enron India has taken adequate precautions to ensure continued safekeeping around its installations, employees and offices in consultation with corporate security," Enron India spokesman Jimmy Mogal told Dow Jones Newswires.
"Being a vital installation, we also receive maximum cooperation from the appropriate government authorities," he added.
Advised To Be Vigilant In Pakistan

Energy companies active in Pakistan should exercise particular vigilance, CRG's Foreman said, especially if they're operating in remote areas.
U.K.-based Premier Oil PLC's (PMOIY) Pakistan subsidiary shut its Islamabad office for the day Wednesday due to possible flashpoints in the Pakistani capital after the U.S. attack, according to company spokesman David Coppin, who added that Premier Oil will reopen its offices Thursday.
Austrian energy group OMV Aktiengesellschaft's (R.OMV) Pakistan unit OMV (Pakistan) Exploration Gesellschaft MbH has been placed on a "low-level alert" in the wake of terrorist attacks against the U.S., an industry source familiar with the company said Wednesday.
"Right now the alert is at a low level, but it's not reached an emergency status," the source said, adding that he wasn't aware of any plans to evacuate nonessential personnel.
In an advisory posted on the company's Web site, www.crg.com, the consultancy said earlier Wednesday, "retaliatory U.S. military action is expected against targets in Afghanistan and possibly Yemen" in the wake of terrorist attacks in New York City and Washington Tuesday.
It added: "Violent Islamic extremist reaction to U.S. military action is expected in Afghanistan, Pakistan and Yemen...popular anger such as mass demonstrations are also highly probable."
Foreign companies should evacuate nonessential staff and dependents immediately - before the U.S. retaliation, advised CRG, adding essential staff should be prepared to evacuate at short notice.
U.S. Could Retaliate With Force

Speaking less than 12 hours after two hijacked jetliners slammed into the World Trade Center towers in New York and a third jet into the Pentagon, U.S. President George W. Bush said in his televised address, "We will make no distinction between the terrorists who committed these acts and those who harbor them."
U.S. officials said early evidence pointed toward suspected terrorist Osama bin Laden based in Afghanistan. The ruling Taliban movement enjoys close ties with Pakistan, but Islamabad has always distanced itself from bin Laden and his group.
"We're being cautious, but essentially we're working on the premise that if the U.S. does find a link with Osama bin Laden and the attack, then they could retaliate with a great deal of force," Foreman said.
"Protests could be worse in Baluchistan and the North West Frontier Province as bin Laden has a significant amount of support there. North West Frontier Province and Baluchistan are mostly rural areas with not a huge amount of law and order, so any company would be in a particularly vulnerable position," he said.
Turning to Sri Lanka, Foreman said he expected Tamil rebels of the Liberation Tigers of Tamil Eelam to hold off from launching any major attacks on the same scale as the devastating assault on the island's only international airport July 24.
"If the Tigers blow something up so soon after the U.S. attack, then they stand to be identified with that strand of behavior," he said.
-By Sri Jegarajah, Dow Jones Newswires; 65-415-4066; sri.jegarajah@dowjones.com -0- 12/09/01 11-48G

Copyright ? 2000 Dow Jones & Company, Inc. All Rights Reserved.

Enron India/Precautions -4:Holds Dabhol Controlling Stake

09/12/2001
Emerging Markets Report
(Copyright (c) 2001, Dow Jones & Company, Inc.)

Enron's Dabhol power project represents the largest single foreign investment in India.
Enron holds a 65% controlling stake in the controversial 2,184-megawatt, US$3 billion Dabhol project in the northern state of Maharastra, which supplies power to the State Electricity Board. MSEB holds a 15% stake, General Electric Co. (GE) has 10% and Bechtel (X.BTL) with 10% held by others.
The second phase of the project was scheduled for completion at the end of the year, but has suffered delays due to a payments dispute between the DPC and the MSEB.
Enron India holds a 30% stake in the Panna-Mukta and Tapti oil and gas fields offshore India.
Joint venture partners - state-owned Oil & Natural Gas Corp. (P.ONG) and privately owned Reliance Industries Ltd. (R.REL) - hold 40% and 30% stakes, respectively. The fields are located off the coast of Gujarat and Maharashtra.
However, last year Enron announced it was seeking to divest its stake.
The company also has offices in Bombay and New Delhi and a site office in the state of Gujarat overseeing operations at the offshore fields.
-By Sri Jegarajah, Dow Jones Newswires; 65-415-4066; sri.jegarajah@dowjones.com

Copyright ? 2000 Dow Jones & Company, Inc. All Rights Reserved.

'Stir against proposed power tariff hike'

09/12/2001
The Times of India
Copyright (C) 2001 The Times of India; Source: World Reporter (TM)

PUNE: Strongly criticising the 19 per cent hike in power tariff and the four-hour load-shedding regime proposed by the Maharashtra State Electricity Board, the Bharatiya Janata Party national vicepresident and former deputy chief minister Gopinath Munde on Monday warned his party would launch a state-wide agitation if the proposal was not withdrawn.
Addressing a press conference here, Mr Munde said power generated by both phases of the Enron project be bought to tide over the present shortfall in generation.
Even the Madhav Godbole committee has recommended buying power from Enron at reasonable rates, he said, suggesting that Mr Godbole should be entrusted with the task of fixing the tariff.
Mr Munde said it would be foolish not to buy power from Enron and other sources considering that the state was experiencing a shortfall of 1,500 MW.
The four-hour load-shedding and 19 per cent tariff hike proposed by the MSEB was totally uncalled for and would only add to the burden on 98,000 domestic and agricultural consumers, he remarked.
Mr Munde said the fresh tariff proposal was likely to increase electricity charges for domestic consumers from 60 to 100 per cent and that for agricultural consumers from Rs 600 per horse power to Rs 1,500 per horse power.
Mr Munde charged the government with not encouraging wind power projects, co-generation and captive generation to augment electricity availability. No new project had been sanctioned after the Democratic Front government came to power.

Copyright ? 2000 Dow Jones & Company, Inc. All Rights Reserved.

Nymex: Conference Call Tue To Consider Reopening

09/11/2001
Dow Jones Energy Service
(Copyright (c) 2001, Dow Jones & Company, Inc.)

HOUSTON -(Dow Jones)- The New York Mercantile Exchange will consider when to reopen during a conference call this afternoon, a spokeswoman said Tuesday.
Spokeswoman Nachamah Jacobovits said a reopening "is delayed for now" but that officials will meet by conference call at 4:30 p.m. EDT (2230 GMT) to discuss a possible reopening.
"Everyone was evacuated safely," she told Dow Jones Newswires at midafternoon Tuesday.
About 8,000 people work at the Exchange, located just a few blocks from the World Trade Center towers, which collapsed earlier Tuesday after being hit by two separate jetliners. Earlier, the American Gas Association hadn't decided whether it will publish its weekly storage report on Wednesday. The American Petroleum Institute was issuing its weekly report despite the tragedy.
The AGA offices, near the U.S. Capitol and in the same building that houses C-SPAN and other news organizations, closed Tuesday after apparent terrorist attacks on New York's World Trade Center and the Pentagon in Washington. Trading on over-the-counter markets early Tuesday pushed the October natural gas futures contract as high as $2.83 per million British thermal units before trading was suspended. By the time Enron Online closed, the October contract had settled back to $2.73/MMBtu.
Physical gas at the benchmark Henry Hub was trading around $2.47-$2.48/MMBtu at midmorning, traders said.
-By John Edmiston, Dow Jones Newswires, 713-547-9209; john.edmiston@dowjones.com

Copyright ? 2000 Dow Jones & Company, Inc. All Rights Reserved.

Bandwidth-Trading Operations Shut Down After Terrorist Attacks in U.S.

09/11/2001
Dow Jones Business News
(Copyright (c) 2001, Dow Jones & Company, Inc.)

Dow Jones Newswires
HOUSTON -- A number of telecommunications-bandwidth-trading operations in the U.S. shut down Tuesday morning as a result of terrorism attacks in New York and Washington, D.C.
Nonessential operations at Dynegy Corp. (DYN), Enron Corp. (ENE), Reliant Energy Inc. (REI), El Paso Corp. (EPG) have been shut down, officials at those companies said.
Telecommunications-bandwidth-trading operations allow access to fiber-optic networks to be swapped in a manner similar to access to natural-gas-pipeline capacity.
Meanwhile, London-based British Telecommunications PLC (BTY) and Vodafone Group PLC (VOD), Newbury, England, both continued operating normally and said they were experiencing very high traffic on their trans-Atlantic circuits following the terrorist attacks.
A Vodafone spokeswoman said the company expects volume on the trans-Atlantic lines to increase further when people returned home for the day and watched news broadcasts. The company has enough capacity to cope with the increase, the spokeswoman added.
Derrick Parkhill, a vice president with the energy and bandwidth brokerage Amerex in Sugar Land, Texas, a suburb of Houston, said the company closed all of its trading operations.
"All of our floors are closed," Mr. Parkhill said. "All of our customers have closed. It just seems better to get home."
Mr. Parkhill said his thoughts were turning to the Cantor Fitzgerald office in one of the towers of the World Trade Center in New York. Cantor Fitzgerald operates a bandwidth brokerage there.
Calls to the New York office of TFS Telecom, a few blocks south of the World Trade Center, weren't answered Tuesday morning. There were no reports of damage to that building at 17 State St.
The towers of the World Trade Center collapsed Tuesday morning after terrorists hijacked two airliners and crashed them into each of the buildings in a coordinated series of blows. A plane also hit the Pentagon.
-By Michael Rieke, Dow Jones Newswires; 713-547-9207; michael.rieke@wsj.com and Erwin Seba, Dow Jones Newswires; 713-547-9224; erwin.seba@dowjones.com
Copyright (c) 2001 Dow Jones & Company, Inc.
All Rights Reserved.

Copyright ? 2000 Dow Jones & Company, Inc. All Rights Reserved.

Analyst: 'Fear, Short Covering' Seen In Natural Gas

09/11/2001
Dow Jones Energy Service
(Copyright (c) 2001, Dow Jones & Company, Inc.)

HOUSTON -(Dow Jones)- Natural gas prices could easily soar "in a massive short covering rally" as the markets regroup from the apparent terrorist action that destroyed the World Trade Center in New York, traders and analysts said Tuesday.
Producers are still bringing gas into the pipelines, as the markets determine when to reopen, a trader said.
"It's going to be a test of wills as to how rational people will react," said a fund analyst in Texas who preferred to not be identified.
Major companies such as Enron Corp. (ENE), Dynegy Corp. (DYN), Duke Energy (DUK) and El Paso Corp. (EPG) own gas paper "scattered three-to-five years out," the analyst said. "Will that bring those companies to their knees? I don't know."
The attacks open up the domestic gas market to the same wild price fluctuations seen in global oil markets when trouble flares in the Mideast, a trader said.
"Now you're talking about the sovereign soil of the U.S.," he said.
The Commitments of Traders Report last Friday showed noncommercial traders, or funds, still hold net short positions in the natural gas market. Funds could be expected to "flatten their books" and get out of those short positions quickly once the markets reopen.
"The market is short in the long run and now the biggest problem is the fear factor," a trader said.
He said key price resistance areas for October gas would be $2.85 per million British thermal units up to $3.40/MMBtu. Trading on over-the-counter markets early Tuesday had pushed the October natural gas futures contract as high as $2.83 per million British thermal units before trading was suspended. By the time Enron Online closed, the October had settled back to $2.73/MMBtu.
Physical gas at the benchmark Henry Hub was trading around $2.47-$2.48/MMBtu at midmorning, traders said.
"I'm telling customers to just not do anything," said Charlie Sanchez of Gelber & Associates. "They've pretty much shut down the country."
Sanchez is unsure how the market reacts to global issues, "but there should be some hiccups after the dust settles," maybe to the $2.60s/MMBtu. Several Houston energy companies and major office towers in downtown Houston sent employees home in the wake of the apparent terrorist attacks in New York and Washington.
Dynegy's offices were closed at midmorning Tuesday and Enron Corp. spokeswoman Meredith Wilson said Enron was closing its offices for the rest of the day and had asked employees to go home.
Officials at the downtown Chase Tower said it hadn't yet closed the building but that individual offices sent employees home. Other offices had also closed down and sent employees home.
At downtown El Paso Corp. (EPG) offices, non-critical employees were being sent home "to be with their family," said Kim Wallace, a spokeswoman.
"You hear the phones going crazy; everything's secure and in light of what's happening, employees will be better off with their families," Wallace said.
There was no indications at midday Tuesday when markets might reopen.
-By John Edmiston, Dow Jones Newswires, 713-547-9209; john.edmiston@dowjones.com

Copyright ? 2000 Dow Jones & Company, Inc. All Rights Reserved.

Power Trading Ceases as Utilities Step Up Security After Attacks

09/11/2001
Dow Jones Business News
(Copyright (c) 2001, Dow Jones & Company, Inc.)

HOUSTON -- Power-trading activity in the U.S. came to a virtual halt Tuesday after the apparent terrorist attacks in New York City and Washington.
Only essential power trades were being handled, people familiar with the matter told Dow Jones Newswires.
Meanwhile, U.S. utilities beefed up security at nuclear and other power plants.
Safety concerns in Houston, where a large number of energy trading operations are based, led to the closing or evacuation of many buildings.
Officials at Enron Corp. (ENE), Dynegy Inc. (DYN), El Paso Corp. (EPG), Reliant Energy (REI) and other companies sent employees home Tuesday morning.
Safety concerns were widespread across the country. Power traders working in central and western U.S. markets reported little or no power trading activity, with trading floors either evacuated or stripped down to essential employees only.
Aside from ensuring supplies to serve their own customers, utilities aren't active in the markets, traders said.
"The brokers have all gone home," a Midwestern power trader said. "We're trying to hurry up and get the hell out of here."
Another Midwest trader said his office was being evacuated, and that they had no idea when they would resume marketing power.
"Everything's getting shut down," the trader said.
U.S. utilities with large nuclear activities are also taking precautions.
In addition to closing offices in three downtown Chicago high-rises, Exelon Corp. (EXC) said it has stepped up security at its large fleet of nuclear power plants. Exelon is the largest nuclear plant operator in the U.S., with generators in Illinois and Pennsylvania. It also has partial ownership in a New Jersey plant.
Diane Park a spokeswoman for Entergy Corp.'s (ETR) nuclear operations, also reported that Entergy's nuclear plants in the Southeast and Northeast were operating at a higher level of security as did Reliant's Fruhman.
-- Eileen O'Grady and Jon Kamp of Dow Jones Newswires contributed to this article.
Copyright (c) 2001 Dow Jones & Company, Inc.
All Rights Reserved.

Copyright ? 2000 Dow Jones & Company, Inc. All Rights Reserved.

INDIA: Enron's Indian unit finds it hard to repay debt.

09/11/2001
Reuters English News Service
(C) Reuters Limited 2001.

NEW DELHI, Sept 11 (Reuters) - U.S. energy firm Enron Corp's Indian unit, Dabhol Power Co (DPC), said on Tuesday financial constraints following a payments dispute, will now hurt debt repayment and maintenance of the idling $2.9-billion plant.
"DPC will now be limited in its ability to continue both debt repayment and asset preservation," Enron India's spokesman, Jimmy Mogal, said in a statement.
DPC, 65-percent owned by Houston-based Enron, is locked in a bitter payments dispute with an Indian utility, the Maharashtra State Electricity Board (MSEB).
The plant's first phase of 740 MW has been idling since May when MSEB, its sole customer, stopped buying power. The second phase of 1,444 MW was 97 percent complete when further construction was abandoned due to the dispute.
The Maharashtra state's power regulator intervened in the dispute earlier this year and asked the company not to activate a special bank account.
The jurisdiction of the regulator over the Dabhol dispute has been challenged in an Indian court. The Press Trust of India reported on Tuesday that the Bombay High Court will hear the matter on September 17.
DPC said the MSEB was trying to prevent it from exercising contractual rights.
Indian lenders to the project have a total exposure of about $1.4 billion. Loans of about $638 million by offshore lenders are covered by guarantees provided by Indian institutions.
Apart from Enron, which hold 65 percent in DPC, U.S. conglomerate, General Electric and construction firm, Bechtel, each own 10 percent. MSEB owns the remaining 15 percent.

Copyright ? 2000 Dow Jones & Company, Inc. All Rights Reserved.

USA: U.S. power trading ceases after attacks.

09/11/2001
Reuters English News Service
(C) Reuters Limited 2001.

SAN FRANCISCO, Sept 11 (Reuters) - Many power markets in the U.S. were shutting down on Tuesday following the aerial attacks on the World Trade Center in New York and at the Pentagon just outside Washington.
Electricity traders in Houston; Minneapolis; Omaha, Neb.; and Long Beach, Calif., said the markets were shutting or trading at extremely low volumes.
"Trading is pretty much shut down now," said Rick Sornberger, a trader at MPEX in Minneapolis, a division of Minnesota Power.
"Everybody in the trading business knows somebody who works in the World Trade Center," said an electricity dealer who works in Long Beach, Calif., for Mieko, a unit of Japan's Marubeni Corp.
"Most of the trades occurred before the news from New York," he said.
An Enron power trader in Houston said she and colleagues were leaving their building but it was not an evacuation.
"Everybody shut down ... no one is working," said a power trader for Omaha Public Power District in Omaha, Neb.

Copyright ? 2000 Dow Jones & Company, Inc. All Rights Reserved.

El Paso, Dynegy Among Texas Companies Evacuated (Update1)
2001-09-11 18:19 (New York)

El Paso, Dynegy Among Texas Companies Evacuated (Update1)

     (Updates with comments from Dallas Mayor Ron Kirk in the 11th
paragraph, and details of airports and the Houston Ship Channel
operations in the ninth and 10th paragraphs.)

     Houston, Sept. 11 (Bloomberg) -- El Paso Corp., which runs
the largest U.S. natural-gas pipeline, evacuated about 4,000
employees from its Houston headquarters as businesses and
government agencies around the state shut down or stepped up
security after terrorist attacks in New York and Washington.

     Dynegy Inc. evacuated 2,500 people from its downtown Houston
office and moved operations to backup locations, spokesman John
Sousa said. Other companies, including Reliant Energy Inc. also
sent workers home, while Electronic Data Systems Corp., Texas
Instruments Inc. and Halliburton Co., all based in the Dallas
area, adopted more stringent security.

     Neither Dallas nor Houston ordered evacuations, although many
buildings in both cities' downtowns were cleared voluntarily.

     ``We have taken the appropriate precautions,'' Houston Mayor
Lee Brown said in a press conference at the city's emergency
management center. ``We have advised employers to use their
discretion and we will do the same thing in city government.''

     In Dallas, city and federal offices remained open, city
spokesman Pete Oppel said. City officials wanted to avoid a panic
amid the voluntary evacuations, he said.

     The moves followed attacks earlier today in which terrorists
hijacked commercial jetliners and flew them into the New York
World Trade Center and the Pentagon.

     Schools around the state dismissed classes early or allowed
parents to pick up their children before the end of the school
day. About six malls in the Dallas-Fort Worth area closed, said
Scott Peck, operations manager for the Parks at Arlington, which
shut down about 1 p.m. local time.

                           Down to Earth

     NASA's Johnson Space Center outside Houston also closed.

     The Houston Ship Channel remained open, Brown said. The
Houston Port Authority, which oversees the channel, and local
Coast Guard officials are on a heightened state of alert and are
checking ships entering the port, he said. The channel is the
biggest U.S. port for foreign cargo, handling 7,000 vessels and
200,000 barges annually.

     The Dallas-Fort Worth International Airport, the world's
second-busiest, suspended operations earlier today after the U.S.
Federal Aviation Administration ordered the simultaneous grounding
of all planes at U.S. airports for the first time. Airport and
city officials were trying to find accommodations for stranded
passengers.

     ``We have most of the people out of the airport,'' Dallas
Mayor Ron Kirk said. The airport said it didn't know how many
passengers were stranded at Dallas's Love Field and Houston's
Hobby and George Bush International Airports also were closed
along with dozens of others around the state.

     Compaq Computer Corp. Chief Executive Michael Capellas told
employees they were free to leave, spokesman Steve Sievert said.

     EDS, the second-biggest U.S. computer-services firm, limited
access to its headquarters in Plano, Texas, north of Dallas, and
shut down its office in Herndon, Virginia, spokesman Tom Mattia
said.

     ``We have imposed a ban on all travel, domestic and
international,'' Mattia said. ``We've restricted access to all our
locations to employees only.''

     EDS manages computer systems for government offices,
including the Pentagon, and has clients in the World Trade Center.
Mattia said the company was still trying to determine if any of
its employees were in the buildings at the time of the attacks.

                           Energy Crunch

     The attacks affected Texas energy-trading companies as well.
The New York Mercantile Exchange, the largest energy exchange,
evacuated its offices and closed them until further notice. The
shutdown affected over-the-counter and Internet trading systems
such as Enron Corp.'s EnronOnline.

     EnronOnline, the largest Internet-trading site, which handles
$2.5 billion of transactions a day, shut down as Enron let
employees leave its 50-story headquarters in downtown Houston.

     TXU Corp., the Dallas-based owner of Texas's largest
utilities, closed trading operations for the day. It expects to
reopen tomorrow, spokeswoman Carol Peters said.

     SBC Communications Inc., the second-biggest U.S. local phone
company, tightened security at its San Antonio headquarters and
other offices and stepped up monitoring of its telephone network.
SBC said its network remained fully operational, although it's
receiving higher-than-normal call volumes since the attacks.

                    Instruments of Destruction

     In Fort Worth, the offices of AMR Corp., the parent of
American Airlines, remained open. All of American's flights were
canceled after the FAA's order. Two American jetliners were among
the four hijacked planes used in the attacks.

     The carrier is working closely with the FBI, which is in
charge of the investigation into the attacks, spokesman Al Becker
said.

     ``They are getting our total cooperation,'' he said. ``There
are overreaching national securities issues here.''

     At Lockheed Martin Corp.'s aircraft plant in Fort Worth,
which builds F-16 fighter jets, officials stepped up security
measures but no employees were evacuated, spokesman Joe Stout
said.

Enron, El Paso Shut Down Energy Trading After Attacks (Update1)
2001-09-11 16:11 (New York)

Enron, El Paso Shut Down Energy Trading After Attacks (Update1)

     (Adds that TradeSpark energy-trading system was in World
Trade Center in sixth paragraph.)

     Houston, Sept. 11 (Bloomberg) -- Enron Corp., El Paso Corp.
and other energy-trading companies closed their offices and shut
down operations after terrorist attacks in New York and
Washington, halting billions of dollars in commodities business.

     ``We're sending people home to be with their families,'' El
Paso spokesman Mel Scott said.

     The New York Mercantile Exchange, the largest energy
exchange, evacuated its offices and closed them until further
notice.

     The Nymex is located on the waterfront near the World Trade
Center, which was destroyed after hijacked airliners were flown
into each of its two towers this morning. The exchange handles
contracts valued at $3.1 trillion each year.

     The exchange's shutdown also affected over-the-counter
markets and Internet trading systems such as EnronOnline because
many commodity trades are linked to Nymex contract prices.

     TradeSpark LP, an electronic energy-trading system, was on
the 105th floor of one of the World Trade Center towers, Williams
Cos. spokeswoman Julie Gentz said. Williams founded TradeSpark
with Dominion Resources Inc., closely held Koch Industries Inc.
brokerage Cantor Fitzgerald and other companies.

     EnronOnline, the largest Internet energy and commodities
trading site, quit operating. EnronOnline handles $2.5 billion in
transactions each day, and has processed more than $685 billion in
since it started up in November 1999.

                           Enron Closed

     ``We closed the Enron building for the rest of the day and
sent non-essential personnel home,'' said Karen Denne, an Enron
spokeswoman. ``We expect to be back in business tomorrow.'' Enron
has a 50-story tower in downtown Houston.

     El Paso, owner of the largest U.S. natural-gas pipeline
network as well as an energy trader, evacuated 4,000 employees
from its Houston offices.

     Houston-based Dynegy Inc. sent home 2,500 employees,
spokesman John Sousa said. Mirant Corp. said it hasn't evacuated
its Atlanta offices, although its traders stopped working after
Nymex and EnronOnline halted trading.

     TXU, the Dallas-based owner of Texas's largest utilities and
an international energy trader, said it closed its trading
operations for the day.

     ``We expect to be open for business tomorrow,'' TXU
spokeswoman Carol Peters said. ``Steps have been taken to ensure
we can operate tomorrow if we don't have access to our offices.''

     Speculation that the attacks may cause conflict with nations
in the Middle East, home to much of the world's oil reserves, sent
prices soaring in over-the-counter markets and on exchanges
outside the U.S.

     Surveys of traders found spot prices for West Texas
Intermediate crude oil, a U.S. benchmark, had reached the highest
levels in more than three months. Prices at Cushing, Oklahoma,
rose as high as $32 a barrel, up 16 percent from $27.63 yesterday,
Bloomberg data shows.

                             Oil Soars

     In London, oil rose to an eight-month high. Brent crude oil
for October settlement rose as much as 13 percent, or $3.60, to
$31.05 a barrel on the International Petroleum Exchange in London.
The IPE closed for an hour to catch up on trades that flooded its
settlement system. It will end trading at 5:45 p.m. London time.

     Blasts rocked the World Trade Center about 9 a.m. New York
time after a plane crashed into one of the towers. Minutes later,
another airliner was flown into the second tower.

     Workers leaped to their deaths from the buildings as flames
and smoke poured from the upper floors. One tower collapsed at 10
a.m. and the other fell at 10:28 a.m.

     While it's unclear who's behind the attacks, investors
speculated that it could involve people working for terrorist
groups operating from the Middle East.

     ``The fear factor is immense,'' said Shelley Mansfield,
energy manager at ADM Investor Services International in London.
``What the market is worried about is the escalation of Middle
East tensions and the U.S. backing of Israel.''


Please see the attached memo from Jeff and Ken.


Scheduled for Febr. 1 at 2pm.

Location - at a fire station in a Hispanic Community - exact location will be
forwarded shortly but estimated distance from ENE office = less than 15 min.

Expect News Conference to last a total of 30 minutes, including Q&A. Jeff
Skilling will be spokesperson for Selection Committee. However, we will try
to have as many committee members present as possible.

Mayor will likely discuss (estimated time = 10 min.):
 - changes that are required at HFD - potential need to bring in an outsider,
etc...
 - reasoning behind involvement of Enron/Jeff Skilling & formation of
selection committee - de-politicize the process, etc...

JS should speak about the following (estimated time = 10-15 min.):
 - how he became involved in the process
 - how the committee members were selected
 - who the members are with a brief background on each (We plan to provide a
bio on each of the committee members as part of the press release)
 - time line for Fire Chief selection

Q&A (estimated time = 5-10 min.)
 - expect questions along the lines of: Are the meetings going to be open or
closed?, Outsider vs. Insider related questions...

Please let me know if you have any questions/comments/issues with the above.
I'll coordinate collection of Bios from Committee members. Anything else I
can do to help out here?

Lisa


More info re the Bingham deal team. Nick is a friend of Ben Jacoby and has
worked with Scott before. Nick is the lawyer within Bingham with billing
responsibility for Enron.
----- Forwarded by Barton Clark/HOU/ECT on 09/12/2000 09:59 AM -----

	"Politan, Nicholas H." <PolitaNH@bingham.com>
	09/06/2000 03:29 PM

		 To: "'Barton.Clark@enron.com'" <Barton.Clark@enron.com>
		 cc:
		 Subject: My Info

 Sorry we didn't get officially introduced on the call today.  Below
is my contact information.  I'm looking forward to working with you on this
transaction.  Speak with you soon.

Nicholas H. Politan
Bingham Dana LLP
399 Park Ave.
New York, NY  10022
(212) 318-7726 (tel)
(212) 752-5378 (fax)
politanh@bingham.com


@TIMES - Inside NYTimes.com
Thursday, February 7, 2002
-----------------------------------------------------

Dear NYTimes.com Member:

After the events of Sept. 11, it's more important than ever
to stay informed about terrorist activities occurring around
the globe. To help, we've created two special online Topics
of the Times offerings that we'd like to share with you.
Each contains a series of up to nine archived Op-Ed columns
by Thomas Friedman, National Book Award winner and foreign
affairs columnist for The New York Times.

Priced at only $4.95 each, these riveting collections put at
your fingertips the insightful, Pulitzer Prize-winning
perspectives of America's foremost commentator on the Middle
East, terrorism and globalization.

"Thomas Friedman on Terrorism" contains six pre-Sept. 11
columns about the threat of terrorism and the conflict in
the Middle East:

-- Digital Defense
-- A Memo From Osama
-- Angry, Wired and Deadly
-- Motives for the Bombing
-- The Terrorist Question
-- Beirut, Oklahoma

To view this collection, visit
http://www.nytimes.com/timestopics/friedman.html?rd=hcmcp?p=042C6U042C634Krtg012000mUxrvUxgm

"Thomas Friedman on Sept. 11" has these nine Op-Ed columns
published in the first 30 days after the attacks:

-- World War III
-- The Big Terrible
-- Hama Rules
-- Terrorism Game Theory
-- Talk Later (Sept. 28, 2001)
-- Eastern Middle School
-- Yes, but What
-- It's Freedom, Stupid
-- Bush to bin Laden

To view this collection, visit
http://www.nytimes.com/timestopics/september.html?rd=hcmcp?p=042C6V042C634Krtg012000mUxrvUxgm

You might also want to order these other Topics of The Times
offerings located at
http://www.nytimes.com/timestopics?rd=hcmcp?p=042C6W042C634Krtg012000mUxrvUxgm

-- Authors in Depth: V. S. Naipaul
-- Winter Desserts
-- Destination Hawaii
-- William Safire: On Language

Each collection is just $4.95 and contains up to nine
archived articles.

Thank you for being a valued subscriber and for your
continued interest in NYTimes.com.

Sincerely,

The New York Times on the Web

P.S. If you have a friend or colleague who might be
interested, feel free to forward this e-mail.

ABOUT THIS E-MAIL
-------------------------------------
Your registration to NYTimes.com included permission to send
you information about new features and services. As a member
of the BBBOnline Privacy Program and the TRUSTe privacy
program, we are committed to protecting your privacy.

To unsubscribe from future mailings, visit:
http://www.nytimes.com/unsubscribe?rd=hcmcp?p=042C6X042C634Krtg012000mUxrvUxgm

To change your e-mail address, please go to our help
center:
http://www.nytimes.com/help?rd=hcmcp?p=042C6K042C634Krtg012000mUxrvUxgm

Suggestions and feedback are welcome at:
feedback@nytimes.com

Copyright 2002 The New York Times Company

Powered By Annuncio
http://www.annuncio.com


Lari:
Glad to hear you had a great trek...my, my 21 people! You have your
hands full! Sounds like it is time for Ron to buy a house in Mendicino
too. I hope he is doing well.

We'll pick up sandwiches each morning in Westport, what do you and
Harvey like?

It'll be great fun to explore new trails. As far as my mount, Fierra is
always a blast but if you want to give her a rest I'm pleased to ride
Russia, Stoli, San Francisco or anyone you prefer. I am also happy to
ride a different mount each day. What ever is best for you and the
horses. This is such a treat for me...talk about heaven! I know all of
us feel the same way and I hope you know how great we all think you are
and your horses.

I haven't had a second to check in with Jazon regarding Virginia City.
Have you heard anything? I sure wish each race had a web site!

Madeleine

Lari Shea wrote:

>  Hi Madeleine and Jeff,
>
> I'm back from trek.......we had 21 fabulous people for a week,
> including Ron Winters, who helped schmooze and smooth.  Now I'm trying
> to catch up with nearly two weeks of back office work, from having
> gone to the endurance race the weekend before.
>
> I think it's great that you guys are staying at Howard Creek
> Ranch....they have a terrific hot tub, and wonderful breakfasts.  The
> weather has been awful at the ocean for the past week......constant
> wet fog at night, so camping out in tents might not be so much fun.  I
> have my camper, so I'm comfortable, but when where are so many nice
> places to stay, I don't know why the rest of you would want to camp
> out, to tell the truth.
>
> We begin rides by meeting at the ranch at 9:30 AM.....the horses
> aren't fed until 7:00, and need time to eat.   I'm going over topo
> maps of the area, and will find us trails that go inland if we have
> coastal fog still.   Madeleine, do you want to ride Russia or Fierra?
> Or try Stoli or San Francisco?  What's the latest request from you,
> Jeff?  Prentice is on Victory, as I recall, and the other Jeff on
> Sungari.....do you all want english saddles?
>
> Why don't we make it easy on ourselves and either eat in restaurants,
> or pick up gormet pizzas for dinners, or go our own ways?   I have all
> the basics of lunch provisions, and we can each pick up sandwiches on
> the way to the stables in the morning.....the Westport store makes
> great ones.
>
> Looking forward to riding the trails with you again.....
>
> Lari
>
>
>  Lari Shea http://www.horse-vacation.comRicochet Ridge RanchRiding
> Vacations on the Mendocino Coast24201 North Highway Onewith lodging at
> unique B&B Inns;Fort Bragg, CA 95437International Riding
> VacationsAkhal Teke and Russian Orlov/cross horses707-964-7669ph/
> 707-964-9669 fax At stud: RRR Stolichnaya & RRR Russia

 - att1.htm


Here's the electronic file.
---------------------- Forwarded by Kay Mann/Corp/Enron on 01/08/2001 08:47
AM ---------------------------

Kay Mann
01/05/2001 02:08 PM
To: John G Rigby/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc:

Subject: Enron South America

Please call todiscuss.
---------------------- Forwarded by Kay Mann/Corp/Enron on 01/05/2001 02:06
PM ---------------------------

"Lindo, Jacqueline E." <jacquelinelindo@akllp.com> on 12/22/2000 01:56:05 PM
To: <suzanne.adams@enron.com>
cc: <kay.mann@enron.com>

Subject: Enron South America

Attached please find a clean copy of the Enron South America Facility
Agreement as well as a blackline showing changes to section 6.1.2.

 <<ESA Break-out Agreement  Execution Copy.DOC>>  <<South America
Facility Agreement - Comparison of 9 to 10.DOC>>


I'm sure you were excited to see this email.  You get to reroll the whole
year...again!!!  Have fun with that entry.

Robin

Kenny J Soignet
06/02/2000 01:46 PM
To: Jim Schwieger/HOU/ECT@ECT, Kenny J Soignet/HOU/ECT@ECT, Rita
Wynne/HOU/ECT@ECT, Daren J Farmer/HOU/ECT@ECT, Becky Pitre/HOU/ECT@ECT,
Shannon Carmichael/HOU/ECT@ECT, Robin Rodrigue/HOU/ECT@ECT, David
Baumbach/HOU/ECT@ECT, Janie Aguayo/HOU/ECT@ECT, Fred Boas/HOU/ECT@ECT, Howard
B Camp/HOU/ECT@ECT, Brenda F Herod/HOU/ECT@ECT
cc:
Subject: Bammel PMA's

These are revised schedules for Jan, Mar, &  Apr 2000 and the estimate
(scheduled) volumes for May.
The prices were revised to capture Texas General storage revenue (fuel
retention) in Jan, Mar, & Apr.  The fuel volumes are shown as a zero buy
price for the storage book.
The April also has volume true-ups due to actual metered volumes. (Schedule
6).  Another adjustment was made in April to true up the cumulative facility
balance, (4,295 mmbtu).

Thanks,
Kenny


Michael

Tables of joint probabilities for Scenario 3 (8% improvement rate during the
regulatory cycle) are attached.

Call if you have any questions.

Bob x35163


Let's hope he qualifies.  That could be a game breaker.
PL


As I promised this morning at the executive committee meeting, below are some
talking points for your use.

Overall message:  the market is working, regulation is not.

In California, peak demand rose by 10% over the last 4 years while new
capacity grew by only 2%.  But, as you would expect, the market responded by
proposing 8,000MW of new generation - - more than enough to offset the peak
demand growth.  The regulatory process, at both the state and local level,
has failed to site this new generation.  The problem is regulation, not
deregulation.

When San Diego customers began experiencing the effects of higher prices,
Enron responded with a fixed price which would have shielded San Diego
customers from price volatility and provided prices below their current
summer levels (Enron's price was about $55/MWH).  After publication of
Enron's offer, nine other companies made offers.  Again, the market responded
where regulation failed.  San Diego has not accepted any of these offers
because of regulatory/legislative restrictions on its ability to buy outside
of the PX (i.e. the spot market).

In markets where siting is easier, suppliers have moved to build additional
generation.  Enron built 3 plants in response to the 1998 price spikes.
Those plants were planned, sited and built in less that 12 months - - in time
for the summer of 1999.  Where regulatory hurdles are lower, the market
responds.

The solution to current pricing and reliability issues is more competition
not reregulation.  Policy makers should:

Open the transmission grid so that power can get from where it is to where it
is needed.

Expedite interconnection of new generation.

Expedite siting of new facilities.

Give customers a choice, so that they have better access to demand side
solutions.

Also attached is a more detailed discussion of California, prepared by Jeff
Dasovich of our San Francisco office.


Post Date: December 04, 2000
Category: MAINTENANCE
Subcategory: NWP MONTHLY MAINTENANCE
Subject: 01-176 Revised Dec. 2000 Maintenance

Notice Text:
All Shippers Letter #01-176
Date:?? 12/04/00
Time:?? 12:00hrs

TO:???? ??? All Shippers
Subject:??????? ***Revised December 2000 Maintenance***

WILLIAMS GAS PIPELINE-WEST / Northwest Pipeline SCHEDULED
MAINTENANCE as posted 12- 4, 2000 which includes revised dates for
the Vernal Pigging Project anomaly repairs.

The following maintenance work is scheduled on Williams Gas Pipeline-West/
Northwest Pipeline (WGP-W) during the month of December 2000.? The scheduled
maintenance is Northwest's most recent projection of potential system
impacts.? This
schedule is provided to assist you in planning your business for the coming
month.
The impacts are estimates, which could change depending on other scheduling
factors.
If any scheduled maintenance activities change, an updated notice will be
posted to the
EBB as soon as possible.

Vernal Pigging Project:

December 12, 2000

While excavating the 26" mainline, Northwest Pipeline identified two
anomalies
between Block valve 2-10 (MP 263) and 2-9 (MP 247) that will require repair.
Northwest will be unable to receive gas for approximately fourteen hours (14
hrs) on
Tuesday December 12, 2000 while the repairs are taking place.

Affected supply points:? Sand Springs, Conoco Dragon Trail, West Douglas,
Trail
Canyon, and Foundation Creek.

December 19, 2000

While excavating the 26" mainline, Northwest Pipeline identified 1 anomaly
between
mainline valve 2-8 (MP 232) and valve 22-8a (MP 240) that will require
repair.
Northwest will be unable to receive gas for approximately thirteen hours (13
hrs) on
Tuesday December 19, 2000 while the repair is taking place.

Affected points: Calf Canyon Receipt, Grand Junction Delivery

Northwest Pipeline will try to mitigate any negative impact to Shippers
during this
period of time. Northwest will advise you of any change to this schedule.

If you have any questions regarding this notice, please contact your
Northwest
Marketing Service Representative at (801) 584-7301.

WGP-W
st


Please find attached the current copy of the EnronOnline Weekly Public Report
and Key Messages, including slides and statistics for public consumption.
The information contained in the attachments can be communicated to audiences
outside the company and should be used to ensure that we present a consistent
message to the public. Please ensure that this email is distributed to anyone
in your group who needs to discuss EnronOnline with individuals outside the
company.

This report is not intended to be used as a stand-alone presentation, nor
that all the information be used in a single presentation or customer
communication.


i just found out that i get in tues afternoon and leave thurs afternoon.  we
will try to get together at least once.


-----Original Message-----
From: 	Enron Announcements/Corp/Enron@ENRON   On Behalf Of Ken Lay- Chairman of the Board@ENRON
Sent:	Wednesday, October 24, 2001 3:50 PM
To:	All Enron Worldwide@ENRON
Subject:	Jeff McMahon Named CFO

Today we announced the appointment of Jeff McMahon as Enron's chief financial officer.  In my continued discussions with the financial community yesterday and today, it became clear that this move was required to restore investor confidence.  Jeff has unparalleled qualifications and a deep and thorough understanding of Enron.  He is already on the job and hard at work on the issues before us.  Andy Fastow will be on a leave of absence from the company.

Jeff had been serving as chairman and CEO of Enron Industrial Markets. He joined Enron in 1994 and spent three years in the London office as chief financial officer for Enron's European operations.  Upon returning to the U.S., Jeff was executive vice president of finance and treasurer for Enron Corp.  In 2000, he was named president and chief operating officer of Enron Net Works.

I know all of you are concerned about the continuing decline in our share price.  I am too, and we are working very hard to turn it around.  Appointing Jeff as CFO is one important step in that process.  But most of the solution involves just continuing to do our jobs with excellence.  The fundamentals of our business are strong, and I think the market will begin to see that as we continue to perform.

Please join me in giving Jeff your full support, and thank you for all of your continued hard work.


Title: Quarterly Natural Gas Watch: A Shortage of Demand
URL(s):

http://www20.cera.com/eprofile?u=35&m=2789;

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

NO HELP FROM DEMAND: DIFFICULT TIME IN THE NORTH AMERICAN GAS MARKET

Since January, natural gas prices have fluctuated between $2.00 per MMBtu at
the Henry Hub and $10.00, a result of weather, fuel switching, and increasing
supplies. Loss of demand due to economic weakness is exacerbated by the impact
of the tragedy of September 11. Lower prices have already slowed drilling
activity. Although ample storage levels will guard against last year's peaks,
gas prices will likely to continue to oscillate in the near term.

* The US gas supply rebound expected after record drilling rates is now
unlikely. CERA expects only modest production increases for 2001 and a year-
over-year decline for 2002.

* CERA has analyzed two paths for demand recovery depending on the severity and
length of the economic downturn. Generally, the large overbuild of gas-fired
generating plants and the recovery of industrial demand should cause much of
the lost demand to return in 2002.

**end**

Follow above URL for complete CERA Watch (38 printed pages).

E-mail Category: Watch
CERA Knowledge Area(s): North American Gas

***********************************************************************
***********************************************************************
CERA's Autumn 2001 Roundtable event dates and agendas
are now available at http://www20.cera.com/event
***********************************************************************

To make changes to your cera.com profile go to:
http://www20.cera.com/client/updateaccount

Forgot your username and password? Go to:
http://www20.cera.com/client/forgot

This electronic message and attachments, if any, contain information
from Cambridge Energy Research Associates, Inc. (CERA) which is
confidential and may be privileged. Unauthorized disclosure, copying,
distribution or use of the contents of this message or any attachments,
in whole or in part, is strictly prohibited.
Terms of Use: http://www20.cera.com/tos
Questions/Comments: webmaster@cera.com
Copyright 2001. Cambridge Energy Research Associates


---------------------- Forwarded by Julie Hernandez/AA/Corp/Enron on
05/19/2000 04:38 PM ---------------------------

Julie Hernandez
05/19/2000 03:46 PM
To: Patti Thompson/HOU/ECT@ECT
cc:
Subject: Calgary


Larry:

According to Steve Kessler (the DB lawyer in New York who is negotiating the
ENA ISDA Master), London e-commerce issues are normally handled ty the London
lawyer (Conrad Libischer at 44-20-754-52705).  If  NY trader is also
involved, then DB must decide on one lawyer to handle password application,
etc.

The ENA ISDA Master must first be approved by Frankfurt.  I don't know how
long this takes.

You may want to let the DB trader start the EOL process.

Thanks.  Sara


EB3907

 -----Original Message-----
From: 	Watson, Kimberly
Sent:	Monday, February 25, 2002 11:13 AM
To:	Carrillo, Alma
Subject:	FW: New TW Contract/Capacity Release System Demo

Alma,

I would like to attend the March 21 at 1:30 demo.  Where?

Thanks, Kim.

 -----Original Message-----
From: 	Trevino, Linda
Sent:	Friday, February 22, 2002 11:58 AM
To:	Lohman, TK; Donoho, Lindy; Lindberg, Lorraine; Lokay, Michelle; Harris, Steven; Moore, Jan; Watson, Kimberly; McConnell, Mark; Y'barbo, Paul; Mulligan, Amy; McEvoy, Christine; Miller, Christopher L; Ward, Linda; Hernandez, Bert; Minter, Tracy; Buchanan, John; Blair, Lynn; Giambrone, Laura; Schoolcraft, Darrell; Hanagriff, Richard
Cc:	Dietz, Rick; Carrillo, Alma; Licciardo, Jeanne
Subject:	New TW Contract/Capacity Release System Demo

The new TW Contract/Capacity Release system is due to be implemented the weekend of March 9, 2002.  We will be offering training/demo's of the new system for internal users on the below dates.  Please contact Alma Carrillo with the date and time you would like to attend.

Thanks

Linda

Monday March 18th:  Two Sessions - 1:30pm and 3:00pm

Thursday March 21st:  One Session - 1:30pm

If you have any questions or will be unable to attend one of the above demo sessions please let me know.


Over the last few months, we have been discussing our standard E-mail
platform with you, our customer.  Your feedback from the various
demonstrations, surveys and Technology Showcases validated that E-mail is a
vital part of your ability to communicate effectively.  However, your
feedback also indicated that you need your E-mail client to have additional
functionality and increased integration with other applications you use.
Therefore, to meet the demands of our fast-paced business, Enron Net Works is
standardizing our E-mail platform by deploying Microsoft Outlook 2000 to all
the Business Units we currently support for messaging.  (Project plans for
EBS, EES and Azurix are still being finalized and will be communicated
separately.)

This conversion from Lotus Notes to Outlook 2000 will improve your ability to
communicate and provide a more consistent look and feel across the standard
office applications you use on a daily basis.  We are excited about this
opportunity to provide a more robust, full function solution for your
messaging needs.   To provide you with additional details about the
conversion from Lotus Notes to Outlook 2000, we are including a list of
frequently asked questions about this project.

How does this project affect me?
Your current Lotus Notes E-mail system will be converted to Microsoft Outlook
2000.

What is Microsoft Outlook 2000?
Outlook 2000 is the messaging client you will use to read your E-mail, update
your calendar and personal address book, record to do lists, etc.

Why are we switching to Outlook 2000?
Outlook 2000 integrates more effectively with our new operating system,
Windows 2000, and the Microsoft products that Enron currently uses. With
Outlook 2000, we can provide you with a more robust mail platform including
the following new features:

Instant Messaging ) Ability to send person-to-person, immediate, pop-up
messages.
Improved Palm/CE Synchronization ) Allows for simpler and quicker updates of
your hand held device from multiple places.
Conferencing Server ) Ability to conduct video conferences from your desktop.
Web Access ) Ability to retrieve your Enron E-mail via a browser.
Fax Integration ) Ability to send/receive faxes from your E-mail Inbox.
Voice Mail Integration ) Ability to have your voice mail delivered to your
E-mail Inbox for retrieval.

When will the Outlook 2000 rollout start and when will I get it?
The pilot will begin in late October with the production rollout beginning in
late November.  We are finalizing our Business Unit rollout schedule.
Additional information will be provided to all business units as it becomes
available.  Project updates will be posted on the Project section of the IT
Central web site at http://itcentral.enron.com.  Additionally, you may send
questions to Outlook.2000@enron.com, and a member of the project team will be
happy to address these individually.


Kind of makes you wonder!

-----Original Message-----
From: Suzanne.M.Bennett@dynegy.com [mailto:Suzanne.M.Bennett@dynegy.com]
Sent: Friday, April 20, 2001 10:15 AM
To: bswaldrop@aol.com; melissa@thesligroup.com
Subject: Fortune cookie

considering our conversation last night about China, I thought you'd
appreciate..........ha ha ha! just don't ask about what you are eating!

---------------------- Forwarded by Suzanne M Bennett/HOU/Dynegy on
04/20/2001 10:13 AM ---------------------------
(See attached file: fortune.jpg)

?
 - fortune.jpg


More recipes.  The other part would be fun to read to everyone at dinner.

STRANGOZZI WITH BLACK TRUFFLE
Ingredients (4 people):
500 g of fresh hand-made strangozze, 150 g of black valuable truffle,
extra-virgin olive oil, garlic, sat, black pepper and parsley. br>
Preparation:
Fry slightly the extra-virgin oil, the garlic and some parsley. Take the pan
off from the stove, filter the spices and mix the other oil with the grated
truffle seasoned with salt and black pepper. The pasta must be "al dente".
Pour the sauce on the pasta and mix it on the stove at light heat for a
while, then serve it guarnished with truffles slices.

		The TRUFFLE
history of a typical umbrian product

For a lot of people, the word truffle recalls a tuberous entity, marbled on
the skin, with a nice scent, tasting delicious and it is usually associated
to a good lunch, generously wet by sweet wine; for the botanics, instead,
this is just the fruit spreading device of mushrooms wich adapted living in
the underground.
Since from the beginning truffles interested philosophers and scientists,
starting fighting and discussions to whom neither very strict thinkers like
Savonarola could avoid to partecipate.
It is not so strange then that in the first book scientifically talking about
mushrooms which has been printed, the Opusculus de Tuberis di Alfonso
Ceccarelli da Bevagna (1564), was about TRUFFLES. Almost 2000 years before
the Greek philosopher Teophrastus (370-287 a.C.) turned on the discussion
asserting that truffles were vegetables without roots, originated during
winter rains, if there were thunders. Strange theory, without doubts. The
Romans were really crazy for truffles and the Latin poets Apicious and
Giovenal glorified the truffles and their taste, writing also a recipes book.
During the middle age it was the king on the refined tables of every king's
court. In a document from Baron A. Ancaiani (1761) about the "active and
passive commerce of the town of Spoleto" huge quantities of truffles sent to
Florence and Venice are described. It seems they were really requested.
Rossini defined it the Mozart of the kitchen and it is told that Napoleon
used huge quantities of the truffle to provide a successor to his kingdom.
About its botanic constitution, instead, until the late 18th century the
strangest theories continued to be produced. The celeber naturalist Plinio il
vecchio considered them as they were ground corns and a miracle.
Bornolz (1780) thought they were an intermediate class between the animal and
the vegetal kingdoms. Revel, in 1857, said the truffles were the result of a
fly bite on a oak root.
Just after the second half of 18th century the idea that the truffles were
autonomous organisms, or better mushrooms, started to be accepted. Our Umbria
keeps a rich ipogeous flora and since centuries is the first country in
producing truffles, especially the valuable black truffle (Tuber melanosporum
Vitt.) spread around the woods around Norcia and Spoleto. The mushroom has
always different dimensions and it can vary from the width of a nut to that
of an orange and it is very appreciated for the intensity of the smell and
the rich taste. The collecting of the tubers happens during the time between
December and March. Secondary is, in these same zones, the production of
white truffle (Tuber Magnatum Pico) foun in Spoleto nearby valleys, but
impressive is the production of summer "scorzone" truffle (Tuber aestivum
Vitt.) and even of the "hooked" truffle (Tuber uncinatum Ch?teau), which have
a peculiar taste and smell.
what truffles are

With the name truffle are designed mushrooms belonging to the order of
tuberales (Ascomycetes), because the mushrooms have a vegetal body formed by
a white mold (micelius), constituted by thousand of very thin filaments
(ife). This mold lives deep into the ground and it physically unites to the
roots of several plants, originating a very peculiar symbiosis called
"micorriza".
When the ecolocical conditions are fine, the micelius generates the fructifer
bodies which are formed in a variable range of 40-50 cm. deep in the ground.
They are tuber-like shaped, or sheroidal or irregular and they are about 1 to
15 cm. long. The body is made by an internal substance called "gleba" in
which you can distinguish the fertile zones (darker) which carry the "aschi",
a peculiar kind of spore, and in which the spores (the vehicles of diffusion
for this organisms) mature, and the sterile zones (lighter) which surround
the fertile zones, originating in the most evolved species a characteristic
venation system. The "gleba" is protected on the outside by a variable
cortical layer called "peridio", inseparable from the "gleba". The "peridio"
could have its surface smooth or rough or even warted. The color could be
white, yellow-like, rusty, brown or blackish. These mushrooms have several
different species (about 30 in Europe) distributed in all the continents. The
valuable edible species, however, are very limited.
chemical composition and nutritive value

In order to give some information about the nutritive value of this mushroom,
two species of truffles have been examinated: rtuber melanosporum Vitt._
(valuable black truffle from Norcia or Spoleto) and rtuber magnatum Pico_
(valuable white truffle from Piemonte or Acqualagna). The valuable black
truffle has been found in the Quercus Pubescens tartufaia in january. The
white one has been found close to Citt. di Castello (High Tiber valley) in
Populus Nigra tartufaia in November. These two different species of truffle
are not so different about their chemical composition. The proteins are the
main nutrient component for the metabolism: they are complete and rich, above
all of lisyn, cystin and metionin, and they are very digestible. Even the
minaral composition is great. The fat are essentially unsaturated and the
most important is the linoleic acid. It is pretty relevant the fiber content.
how to wash truffles

Before you can use truffles, you must gently clean it from the ground with a
soft brush, in order to eliminate all the ground particles. It is
suggestible, before starting the operation, to keep them under warm water for
a couple of minutes. This will help the ground to fall from the space between
the wrinkles. The skin is edible and it must be ate excactly as the rest of
the truffle, and it is very aromatic and tasty.
how to preserve truffles

Once it has been found in a good condition, it is important to process the
tuber as soon as possible, because it is very easy for it to decay and lose
its aromatic flavour. The soulution to this problem should be left to the
specialized companies. Sometimes, however, you must do it by yourself, so
here are some advice: before all don't remove the ground from the cracks
because it will just accelerate the decaying process, but roll every truffle
in a napkin and put it in a can or a jar, in the less cold part of your
refrigerator. The paper must be changed every day. This procedure will allow
you to save fresh truffles for about 5-6 days for the white one and for 10
days the black one. you can even save the truffles in a can containing rice,
but this is not very smart, because you dry the tuber, taking the air off of
it and helping the decaying. Another sytem is to deep fry the truffles in the
oil, obtaining a sauce you can save in the refrigerator for about a month. Or
you can crush it, if black, or slice it, if white, and then mix it with
creamy butter and add some salt. Then you shape it as a brick or tube, as you
like. Every time you would like to add to a dish the truffle aroma, you can
just add a small flake of this valuable truffled butter, resting in the
refrigerator. It is better to use the butter within a month from its
preparation.
truffles in cuisine
keep always in mind that:
a black truffle must never be grated or crushed in a mortar;
it must never be cooked or too warm;
never mix truffle and cheese;
always use extra-virgin olive oil and salt;
use it in dishes which are not alredy very flavoured (Ex. with boiled or
grilled lake fish, with boiled or grilled poultry and so on.)


Also, please let me know what the global contract number is.  I want to write it on my copy.

thanks

 -----Original Message-----
From: 	Richardson, Stacey
Sent:	Wednesday, February 13, 2002 5:10 PM
To:	Germany, Chris
Subject:	reminder:  Reliant GISB

Hi Chris,

This is just a reminder to please send me Shaun (?) Kilpatrick's info so I can contact her for a copy of the Reliant GISB we just signed.

Please let me know if you have any questions.

Thanks!
Stacey x30569
(713) 710-6084 Pager


FYI.  How would you like to handle?

Best,
Jeff

	Steven J Kean
	07/19/2001 08:37 AM

		 To: Jeff Dasovich/NA/Enron@Enron
		 cc:
		 Subject: Re: California Update 07.18.01

These are useful updates.  Please include Whalley, Lavorato, Parquet,
Dietrich, Delainey, Kitchens, Haedicke, Sanders, Kirby, Sharp, Leff, Calger,
Belden etc on future updates.  Thanks

From: Jeff Dasovich on 07/18/2001 08:18 PM
Sent by: Jeff Dasovich

To: Richard Shapiro/NA/Enron@Enron, skean@enron.com, Susan J
Mara/NA/Enron@ENRON, Harry Kingerski/Enron@EnronXGate, James D
Steffes/NA/Enron@Enron, Linda Robertson/NA/Enron@ENRON, Susan M
Landwehr/Enron@EnronXGate, mpalmer@enron.com, Karen Denne/Enron@EnronXGate,
Janel Guerrero/Enron@EnronXGate, Paul Kaufman/Enron@EnronXGate

cc:

Subject: California Update 07.18.01

The Senate, the Assembly and the Governor are either poised to engage in very
difficult negotiations, or the three are about to crash and burn and Edison's
going to be left dangling.

In the Senate:
The Senate bill 78XX is with about 90% likelihood going to be voted out of
the Senate tonight---without a vote having taking place in any committee.
Burton announced during one of the two "informational" hearings that "this is
it," despite the view of just about everyone who appeared before the
committees the bill likely won't prevent Edison from going bankrupt.
The key features of the bill are:
Banks and QFs get paid in full.
Edison shareholders would be responsible for debts owed to suppliers
No direct access.
There are conflicting reports about whether the Senate will take up the bill
tomorrow de-linking the bonds from the DWR contracts and whether the
Republicans will go along with it.

In the Assembly:
The Committee is hearing the Wright and Hertzberg bills as we speak, with
Hertzberg's the likely winner.
That bill now provides for Direct Access under certain conditions (the
amendments describing the conditions were faxed today).
We're attempting to get the "July 12" date changed to "the effective date of
the bill" or later.
The Assembly likely won't vote the Hertzberg bill out until tomorrow at the
earliest.

The Problem:
The Assembly and Senate bills are diametrically opposed in the way each
approaches the problem---in short, the bills are two ships passing in the
night.
The Democratic leaders (Governor, Hertzberg, Burton) aren't talking, and
Burton hasn't expressed any interest in talking---to anybody.

The likely outcome given the circumstances:
Burton says he's done what he needs to do (i.e., passed out a "fair" bill);
the Assembly and Senate can't agree; they finish the budget; time runs out;
they leave Friday; and Edison's left twisting.

That said, there's still a chance that the Governor could call Burton and sit
down with Burton and Hertzberg and work something out by Friday, or begin
talking and postpone the recess until they get it worked out.  But given
Burton, the chance of that happening seems very slim.

In short, little has changed since yesterday.

Best,
Jeff


Dear Stacey and Kristin-

We can discuss more later about the attached document when we meet this morning, but thought this could help faciliate your doorstep review of UK and Continental Power.  Thanks,

Christy

 -----Original Message-----
From: 	Manickam, Chris
Sent:	Wednesday, October 24, 2001 7:25 AM
To:	Lobusch, Christy
Cc:	Wilson, Shona; Bromley, Paul
Subject:	Power Trading CSA

Hi Christy,

Attached is the most recent version of the Power Trading CSA.

This is pretty much the definitive version, and contains the key controls.  However it is in the process of being "Andersenised" to reflect their methodology - when this has been completed (31st October) I will forward a copy for your records.

Regards
Christabel
Christabel Manickam
Enron Assurance Services
Tel: 0207 783 6246


---------------------- Forwarded by Darron C Giron/HOU/ECT on 10/13/2000
09:36 AM ---------------------------

"hollyw" <hollyw@email.msn.com> on 10/12/2000 03:41:28 PM
To: "Sheri Thomas" <Sheri.Thomas@enron.com>, "Raymond Paterson"
<ray_paterson@hotmail.com>, "Lori Horrocks" <loroks@yahoo.com>, "Len"
<bigusdickus70@hotmail.com>, "KRISTI GIRON" <KRISTI.GIRON@cfisd.net>, "John
Schmitz" <jschm@telxon.com>, "Jim Miller" <jraggie1@pdq.net>, "Janine Gregor"
<janine.gregor@talk21.com>, "Gregor, Lynn C" <GregorLC@bp.com>, "Diego
Gotthelf" <dygotthelf@hotmail.com>, "Debbie Hall" <gmind@icsi.net>, "Darron C
Giron" <Darron.C.Giron@enron.com>
cc:
Subject: Fw: This Is the Captain Speaking

----- Original Message -----
From: "Warren, Stacy" <swarre02@coair.com>
To: "Ugly Boo (E-mail)" <hollyw@email.msn.com>
Sent: Thursday, October 12, 2000 10:27 AM
Subject: FW: This Is the Captain Speaking

>
>
> -----Original Message-----
> From: Brian & Cyndi Clark [mailto:bcclarks@worldnet.att.net]
> Sent: Wednesday, October 11, 2000 8:14 PM
> To: Gary Nathanson; Jerry T. Clark; Jim McLatchie; Kim McColley; Lisa
> Clark; Lori Coy; Larrry Remmert; Brian Clark
> Subject: This Is the Captain Speaking
>
>
> .
>
> A pilot got on the loudspeaker shortly after takeoff and said to the
> passengers, "Folks, welcome aboard flight seven eighty-nine to Cleveland.
> We'll be flying at thirty-five-thousand feet, and expect to land in an
hour
> and a half. Just sit back, relax, and enjoy the flight."
>
> Forgetting to turn off the microphone, he turned to his copilot, yawned,
and
> said, "Why don't you take over for a while? I'm going to take me a big
> healthy shit, and then I'm gonna fuck the brains outta that pretty blonde
> flight attendant working in coach."
>
> His announcement went over the whole plane. The pretty blonde flight
> attendant in coach heard this and exclaimed, "Oh my God!" and started
> running towards the cockpit.
>
> An old lady sitting in an aisle seat stopped her and said, "Relax honey,
> he's gotta take a shit first."
>
>


---------------------- Forwarded by Angela Barnett/HOU/ECT on 12/19/2000
08:51 AM ---------------------------

Sandra R McNichols
12/19/2000 08:40 AM
To: Angela Barnett/HOU/ECT@ECT, Adrial Boals/Corp/Enron@Enron
cc: Selena Palanca/NA/Enron@Enron
Subject: Fw: Kids Say the Darnedest Things ...

Thanks Selena,
        those are priceless.
srm
---------------------- Forwarded by Sandra R McNichols/HOU/ECT on 12/19/2000
08:41 AM ---------------------------

Selena Palanca@ENRON
12/19/2000 08:29 AM
To: Julie Cunningham/NA/Enron@ENRON, Bonnie Elliott/Corp/Enron@ENRON,
Jeanette McBee/Corp/Enron@Enron, Sandra R McNichols/HOU/ECT@ECT,
kevin_m_palanca@huntsman.com, Barbara Woodland/Corp/Enron@Enron
cc:
Subject: Fw: Kids Say the Darnedest Things ...

Subject: Kids Say the Darnedest Things ...

> ...
>
>
> >
> >
> > When I was young, there was a cartoon called "Love Is...".  Well, now
that
> we're
> > doing all that retro
> > stuff, it looks like they've revived it ...
> >
> >
> >  A group of professional people posed this question to a group of
> > four-through eight-year-olds, "What does love mean?" The answers they
got
> > were broader and deeper than anyone could have imagined. See what you
> think:
> >
> >  "Love is that first feeling you feel before all the bad stuff gets in
the
> > way."
> >
> >  "When my grandmother got arthritis, she couldn't bend over and paint
her
> >  toenails anymore. So my grandfather does it for her all the time, even
> when
> >  his hands got arthritis too. That's love."
> >
> >  "When someone loves you, the way they say your name is different. You
> > know that your name is safe in their mouth."
> >
> >  "Love is when a girl puts on perfume and a boy puts on shaving cologne
> > and they go out and smell each other."
> >
> >  "Love is when you go out to eat and give somebody most of your French
> > fries without making them give you any of theirs."
> >
> >  "Love is when someone hurts you. And you get so mad but you don't yell
> > at them because you know it would hurt their feelings."
> >
> >  "Love is what makes you smile when you're tired."
> >
> >  "Love is when my mommy makes coffee for my daddy and she takes a sip
> > before giving it to him, to make sure the taste is OK."
> >
> >  "Love is when you kiss all the time. Then when you get tired of
kissing,
> > you still want to be together and you talk more. My mommy and daddy are
> > like that. They look gross when they kiss."
> >
> >  "Love is what's in the room with you at Christmas if you stop opening
> >  presents and listen."
> >
> >  "If you want to learn to love better, you should start with a friend
> > who you hate."
> >
> >  "Love is hugging. Love is kissing. Love is saying no."
> >
> >  "When you tell someone something bad about yourself and you're scared
> > they won't love you anymore. But then you get surprised because not only
> do
> > they still love you, they love you even more."
> >
> >  "There are two kinds of love: Our love. God's love. But God makes both
> > kinds of them."
> >
> >  "Love is when you tell a guy you like his shirt, then he wears it
> everyday."
> >
> >  "Love is like a little old woman and a little old man who are still
> > friends even after they know each other so well."
> >
> >  "During my piano recital, I was on a stage and scared.  I looked at
> > all the people watching me and saw my daddy waving and smiling. He was
the
> > only one doing that. I wasn't scared anymore."
> >
> >  "My mommy loves me more than anybody. You don't see anyone else
> > kissing me to sleep at night."
> >
> >  "Love is when mommy gives daddy the best piece of chicken."
> >
> >  "Love is when mommy sees daddy smelly and sweaty and still says he is
> >  handsomer than Denzel Washington."
> >
> >  "Love is when your puppy licks your face even after you left him alone
> > all day."
> >
> >  "I know my older sister loves me because she gives me all her old
> > clothes and has to go out and buy new ones."
> >
> >  "I let my big sister pick on me because my Mom says she only picks on
> > me because she loves me. So I pick on my baby sister because I love
her."
> >
> >  "Love cards like Valentine's cards say stuff on them that we'd like to
> > say ourselves, but we wouldn't be caught dead saying."
> >
> >  "When you love somebody, your eyelashes go up and down and little stars
> > come out of you."
> >
> >
> >
> >
> >
> >
>


The report named:
<http://trv.corp.enron.com/linkFromExcel.asp?report_cd=33&report_name=EM
W+Positions&category_cd=9&category_name=EMW&toc_hide=1&sTV1=9&TV1Exp=Y&c
urrent_efct_date=10/29/2001> EMW Positions, published as of 10/29/2001
is now available for viewing on the website.


your team is so bad


---------------------- Forwarded by Susan M Scott/HOU/ECT on 08/29/2000 04:16
PM ---------------------------

	Enron Capital & Trade Resources Corp.

	From:  Misti Day                           08/29/2000 04:12 PM

To: Susan M Scott/HOU/ECT@ECT
cc: Shiji Varkey/Corp/Enron@ENRON
Subject: Mexico Origination

Susan,
Attached is a list of all originations done by Mexico for August.  I have
highlighted the ones that have not be granted.  Please let me know if you
have any information on these!

Thanks,
Misti
x39525


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


Vince,

Durasoft (who just taught the Java class for our group) offers a 3-day short course in Java for managers.   Details are below, if you are interested.

--Stinson

---------------------- Forwarded by Stinson Gibner/HOU/ECT on 04/16/2001 12:16 PM ---------------------------

"Siva Thiagarajan" <siva@durasoftcorp.com> on 04/16/2001 11:25:50 AM
Please respond to "Siva Thiagarajan" <siva@durasoftcorp.com>
To:	<Stinson.Gibner@enron.com>
cc:
Subject:	Java for Managers!!!

Hi Stinson,

Thanks for meeting with us on  Thursday.  We enjoyed
talking with you.

As per our discussion, I have attached  the course
outline of Java for Managers along with this  email.
After our conversation with you we think this  course
may be a  little bit heavy for your group.  But we can definetly
take it down to concepts level and make it  appropriate for
our audience.  Please review and let me know,  if this
course would be of value to you.  This is a 3 day course
and costs $11,000 (maximum of 15  students).

Regards,

- Siva
 - OOJavaForManagers.doc


I had planned on attending with Dave.  I thought you might have some interest as well.  Would you like Dave to find out who is attending from Portland?

	Barry Tycholiz/ENRON@enronXgate 07/31/2001 08:35 AM 	   To: "Mark Whitt/DEN/ECT@ENRON" <IMCEANOTES-Mark+20Whitt_DEN_ECT+40ENRON@ENRON.com>@SMTP@enronXgate  cc:   Subject: RE: PNW Gas Strategies Conference - Portland

We should probably discuss this conference, including coordination with the Portland Office. Although it is a gas conference, I would still like to know who else thinks they should be going.

BT

 -----Original Message-----
From: 	Whitt, Mark   On Behalf Of Mark Whitt/DEN/ECT@ENRON
Sent:	Monday, July 02, 2001 5:16 PM
To:	Tycholiz, Barry
Subject:	PNW Gas Strategies Conference - Portland

I would like some of us to attend this conference.  I am a lttle reluctant on any major sponsorhsip since I have not attended before.  What do you think about their request for a speaker?  Any ideas?

----- Forwarded by Mark Whitt/NA/Enron on 07/02/2001 04:15 PM -----

	janet lynch <janetrlynch@home.com> 07/02/2001 04:31 PM 	   To: mark.whitt@enron.com  cc: "A>Cathy-Jo Nyeste" <cnyeste@ziffenergy.com>, "A> ssoles" <ssoles@ziffenergy.com>, david.fuller@enron.com  Subject: PNW Gas Strategies Conference - Portland

Mark,

Thank you for your help identifying the right speaker for the ZEG/NW Gas Association Conference in Portland - October 3.  I have attached an advanced draft agenda so you can see the line up of executives and topics. We certainly hope that Enron will agree to speak and sponsor....I would recommend the reception sponsorship....I believe a good value for the $.....see attached letter to David Fuller re sponsorship and Sponsorship Detail Sheet.

As you will see from the agenda, the topic is PRICE...natural gas price.....what I believe would be of interest is the relationship between gas and electric prices in the West....factoring hydro etc.,......identifying the wildcards....

The morning of Day 2 is high level - CEO discussions of DEMAND - consumer/industry/gas fired gen and PRICE...as I said Enron - as largest marketer in NA - should be the company delivering the discussion. - This is a GAS industry conference - not a "public" forum.  Louise Kitchen would be an great choice - I've heard she is an excellent presenter - and I believe of equivalent stature to the other a.m. presenters.......

Thanks...... please give me a call as soon as you can after the holiday.

Regards,

Janet Lynch
Ziff Energy Group, Ltd.
504.243.2221
 - Sponsorship Invite - Enron2.doc << File: Sponsorship Invite - Enron2.doc >>
 - PNW Advanced Draft Agenda current.doc << File: PNW Advanced Draft Agenda current.doc >>
 - PNWSponsorshipDetail.doc << File: PNWSponsorshipDetail.doc >>


Are you coming to the game tonight?


Davis' speach may address what's in this story.  Requested time is Thursday
at 6:05 pm (not Wednesday as I reported earlier)

http://www0.mercurycenter.com/premium/local/docs/calpower04.htm

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


All

First draft of diagrammatic real options paper attached.  Vince is suggesting
Risk as a suitable place to publish.

Any and all comments on content and/or style appreciated (including problems
with character sets and paper size!).

Cheers,
Steve


Please ignore.

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


Rickey,

The best I can show you right now is Index plus $0.015 for 5000 Dth/d for Tetco WLA.  Let me know if this would work for you.

John

 -----Original Message-----
From: 	ndrgroup@att.net@ENRON
Sent:	Monday, November 26, 2001 11:22 AM
To:	Hodge, John
Subject:	NDR Energy Group request for quote 12/01

John:

Included is NDR Energy Group's requst for quote for
December 2001 NG flow.  You can contact me at
301-516-1636 or by reply e-mail with your responce.

Thanks,
Rickey

 - The NDR Energy Group NG  for DEC 01 request-KeySpan.doc << File: The NDR Energy Group NG  for DEC 01 request-KeySpan.doc >>


See below

 -----Original Message-----
From: 	De Jesus, Frank
Sent:	Friday, December 07, 2001 10:45 AM
To:	O'rourke, Tim
Cc:	Cash, Michelle; Palmer, Lizzette; Walton, Sheila
Subject:	Rescind Offers/Termination Letters

Tim,

(1) We rescinded approximately 8 offers in November. It was decided that individuals who gave up jobs to accept our offer would be paid out one month of salary (with a signed release). I had two people who fell into this category and signed releases but have not received the one month salary. Will they be paid out? [O'rourke, Tim]   will find out.

(2) I have received several calls from terminated employees concerning the termination letters. They are concerned that they have 30 days in which to transfer to their spouse's plan and won't meet the deadline. My understanding is that the terminations letter will be mailed out soon. [O'rourke, Tim]   YES - we're stuffing envelopes as we speak  Please advise?

Regards
Frank


The page is missing the gas flow date and the numbers require only three
decimal points.  We need to add Canada numbers.  Also is it possible to make
the basis column more straight?