If I understood Wade correctly at mid-year PRC, our GOI guarantee is only for
about 1/3 of the offtake.  Not sure we would want to be confrontational, as
they seem to hold a good hand, i.e., they want, and they are bankrupt, so
they do not pay.  Being aggressive did work on Phase I repudiation, but query
whether that was because we had a GOI guarantee?   thanks  mcs

Jane Wilson@ENRON_DEVELOPMENT
27/11/2000 06:48
To: Steven J Kean/NA/Enron@Enron, Mark Schroeder@ECT, Mark Palmer@ENRON
cc:

Subject: URGENT. Good morning to MSEB problems.

Here we go.  There are numerous press reports of a statement by Chief
Minister Deshmukh.  Here are a few quotes from The Financial Express:

"Bowing to burgeoning pressure from its allies, the Democratic Front (DF)
government in Maharashtra, in principle, has agreed to review the second
phase of the 2,184-m Dabhol power project and its sale of power to the
loss-making Maharashtra State Electricity Board (MSEB).  Simultaneously, the
state government has also agreed to look into the possibility of scrapping
the revised power purchase agreement signed by the previous Shiv Sena-BJP
government on December 9, 1998, with the Dabhol Power Company (DPC).  Talking
to newspaerson on the eve of the winter session of the state legislature,
which starts on Monday at Nagpur, Chief Minister Vilasrao Deshmukh confirmed
this and added that the project, which was envisaged to tackle the power
shortage of the stat, seemed to have defeated its purpose because of its
prohibitive costs which the consumer may have to bear.

The constituents of the DF government, comprising the Peasants and Workers
Party, Janata Dal (Secular( and the Communist Party of Inida (Marxist) have
been pressing for the cancellation of the Dabhol project on the grounds that
it would impose further financial burden on the ailing MSEB and ultimately on
the state government, which is also reeling under severe financial crunch.
These allies were of the view that the scrapping of the PPA will not be a
major issue as such agreements with multinationals have been scrapped in
Pakistan, Turkistan and Indonesia.

. . . ."

The team is assembling tomorrow morning at 9:00 at DPC to talk strategy.
Attached is talking points I wrote up after working with Mohan Gurunath of
DPC and Ananda Mukerji (EIPL -- Finance) and Jimmy Mogal (PR).  I sent around
for others to add their input.

Query whether the CM's statement is actionable repudiation.  Paul Kraske
(attorney for DPC) is looking into it.
---------------------- Forwarded by Jane Wilson/ENRON_DEVELOPMENT on
11/27/2000 12:10 PM ---------------------------

Jimmy Mogal
11/26/2000 08:45 PM
To: Sanjay Bhatnagar/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Wade
Cline/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc:  (bcc: Jane Wilson/ENRON_DEVELOPMENT)

Subject: Mah CM says Phase II under review

This piece has just appeared as "breaking news" on Cafe Mumbai dot Com, on
the net. Could not see it elsewhere thus far:
Understand the CM is in Nagpur at the assembly session there

Headline: "Enron phase-II: Mah Govt now has second thoughts !

By Abhay Deshpande

Nagpur, Nov 26:
Maharashtra chief minister Vilasrao Deshmukh today announced that his
government would do a re-think on implementation of the second phase of the
Enron power  project in Maharashtra.

Addressing reporters here on the eve of the start of the winter session of
the state legislature, Deshmukh said under today's condition, each unit of
electricity was
 costing the consumer almost Rs. 7/- . The rate of electricity produced also
depended on the dollar-rupee ratio so also the international prices of NAPTA.

As such, there were chances that the rate of electricity could go up to as
much as Rs. 20/- per unit. This would prove to be very exorbitant for the
consumer in the state.

The CM has now asked MSEB to go into the details of the agreement between the
state government and Enron. He also indicated that his government was
preparing the legal grounds in case Enron took it to court if the agreement
for the second phase was finally scraped. -cafemumbai Report


Gail Brownfeld is leading up this effort. I have forwarded your message to
her.

	Bonnie White@ENRON
	12/07/2000 12:07 PM

		 To: Richard B Sanders/HOU/ECT@ECT
		 cc:
		 Subject: Blue Grass Synfuel LLC, et al, v. ENA

I have reviewed a copy of the notice and summons which were served on ENA by
Blue Grass Synfuels, et al.  I notice that there was no complaint served with
the summons.  I assume you will be engaging counsel in New York to represent
ENA in this matter.  Let me know if there is anything I can do to assist.
Also, if the complaint is ultimately served on our outside counsel (rather
than through ordinary service of process) after ENA serves its Notice of
Appearance, please make sure to send Corporate Risk Management (Jim Studdert)
a copy of the Complaint, so that it can be reviewed for possible coverage.  I
know the matter sounds like breach of contract, but it's worth having the
insurance review done if any quasi-tort claims are made.


As most of you know, NRG's proposed purchase of two coal plants in Conneticut (UI's territory) was recently cancelled due to regulatory issues at FERC.   The purchase and sale transaction between Wisvest and NRG was originally entered into almost two years ago.   The proposed purchase price of $350 million for 1000 MW of coal was a "bargain price" at the time due to environmental risks that are specific to the state of CT.

Over the past 2-3 years, the State of Conneticut has threatened to have these coal plants shut down due to pollution issues and Wisvest was concerned enough about this risk that they "puked" the plants to NRG for $350/kW in early 2000.   At a minimum, it is expected that $100-150/kW of SCR and/or scrubbers will be required at these facilities to appease the CT regulatory bodies.

My strong view is that, as a practical matter, the plants cannot be shut down or the lights would go out in CT.   The area where the plants are located is quite possibly the most congested area in the entire Eastern Interconnect.   The load pocket is significantly short MW and transmission import capability is inadequate to serve the load in this area.   In a true "locational marginal price" environment, the prices would likely be similar to Zone J in New York   Currently, pricing in NEPOOL is generally socialized with congestion costs spread equally to all loads, regardless of who causes the congestion.

In the recently proposed "single NE RTO" model, it is about 80% certain that the PJM "locational marginal price" market model will be implemented sometime between mid-2003 and mid-2004.   At that point in time, consumers in the congested areas of NEPOOL (in-city Boston and CT) will be exposed to higher energy prices, while consumers in Maine, New Hampshire, and Rhode Island should see lower prices.

Given the facts above, coupled with traditional asset companies too long to show good bids for incremental assets, I think EWS should pursue discussions with Wisvest immediately and attempt to buy these coal plants at what could be extremely favorable economics relative to our forward curve in NEPOOL and our bullish view for relative pricing at the asset "node".

If we could buy these plants for approx $250/kW with $150/kW of environmental upgrades, the resulting "all-in" (depr, fixed & variable O&M, fuel costs, NOx, SO2, capital reserve, interest) 7x24 plant cost would be approx. $34-36/Mwh.    This is lower than our energy only socialized NEPOOL curve.   Additional upside is derived from positive basis, ICAP, ancillary services, emissions allowances, and long term requirements sales to LSE's.

Lavo and Louise - This could be the "Alberta PPA" for 2002.   Lots of "hair" but lots of upside.

Any thoughts?


The file


In order for UBS Warburg to timely process your paycheck, I am requesting that all employee's accepting offers return any outstanding forms to my new desk location at  05852 on the 5th floor of ECS (Look for the Hamburg Flag) by noon this Friday  2/01/02.  This will prevent any benefit deductions from having to be "Double Deducted" on future checks.  Please attach a deposit slip or voided check stub to your direct deposit form.  Attached below are the forms needed for payroll/benefits, in case you did not turn these in at Orientation.  Lastly, please verify that your EHRonline home address is showing your current home address because all live checks will be mailed to your home residence.

Thanks, Tony Jarrett
Benefits
Ext. 3- 7829


Tim,

Could you simply log into testp on Friday and just pull up a few of the deal type entry screens and just make sure things look "okay".  They made a change in the Australian database (see below), but they just want to make sure it doesn't affect East.

Thanks.
Casey

 -----Original Message-----
From: 	Martin, Karen Y
Sent:	Thursday, October  18, 2001 5:08 PM
To:	Evans, Casey
Subject:	RE: Deal Entry Is In Stage and Is Ready For Testing

A new deal entry screen was added for Australia.  It's just like the Basis Option screen except that  there will be only 1 pub code entered.  I had to go to the Australian database to test the change.  I just want to insure that nothing was affected from your point of view.

Thanks Casey,
Karen

 -----Original Message-----
From: 	Evans, Casey
Sent:	Thursday, October 18, 2001 5:03 PM
To:	Martin, Karen Y
Subject:	RE: Deal Entry Is In Stage and Is Ready For Testing

what changes were made?!  Just wanted to know what I should be looking for.

Thanks!
Casey

 -----Original Message-----
From: 	Martin, Karen Y
Sent:	Thursday, October  18, 2001 4:39 PM
To:	Evans, Casey; White, Stacey W.
Subject:	Deal Entry Is In Stage and Is Ready For Testing

Ladies,
A new version of Deal Entry with a change for Australia has been moved to stage.  I have gotten concurrence from the West (Kate Symes) stating that it is ok.  I need to insure that on our side no changes have been made that impact you.  Will you please test version 3.0.0.210 at your earliest convenience to verify that.

Thank you,
Karen Y. Martin
713.345.7810


Per Barbara's request, here's a summary of much of what I'm working on:

Co Op City asset management arrangement:  In this deal, Enron would build a
small power generation facility for a housing co op in the Bronx, Co Op
City.  We would arrange for O & M services, supply the fuel (primarily gas),
market their excess power, and, for the first 4 years, take 1/2 the offtake.
We are currently working to structure the transaction to keep if off the
balance sheet and maximize the mark.  We are working on  a term sheet, and I
will be in NYC later this week to continue negotations with the customer.
Mark Bernstein is the originator, Debbie Chance is the developer, and NEPCO
Houston is  involved.  I discussed outside counsel with Jeff, and I would
like to use John Klauberg at LeBeouf.

Sell of two development projects in Illinois.  Two of the sites we have
developed (sans equipment) are up for sale, and Fred Mitro has contacted me
about supporting the transaction.  Lisa Mellencamp had previously contacted
Bracewell about working on it, but I'm a little concerned about the amount of
experience of the person they have designated.  I've asked Clark Thompson for
some information on his background.

SW 501d - our claim against SWestinghouse, and possible sale of the
equipment.  We have issues with the vendor concerning the late delivery of
this equipment.  We are also trying to sell the equipment (a
turbine/generator set) to Calpine.

Fuel Cells - last year Enron made a $5million investment in Fuel Cells, a
company which is developing an almost green form of power generation.  We
received contingent warrants which we can cash in if we arrange for 55 mw.
We are working with an instrumentality of the state of Connecticut about them
buying 26 megawatts. We are working on the purchase agreement with FC, and
the project development agreement with the State.  It is quiet right now, as
funding is figured out.

There's TurboPark maintenance stuff which pops up weekly.

GE - Sheila and I have a weekly phone conference with GE to work on a
standard contract for buying turbines.  I've heard a rumor that we will be
buying some more, although neither Sheila nor I have been contacted yet.

I think this is a fair summary of the big ticket items.

Kay


Just in case you are looking for me, I am at home in bed (must have caught
something similar to the flu).  See you tomorrow.

Kathleen Carnahan
Enron North  America Corp.
1400 Smith Street, EB 3146d
Houston, TX 77002
Phone - (713) 345-3386
Fax - (713) 646-3037


Attached to this email is a presentation made at yesterday MRS meeting.? The
last slide indicates calculated TTC limits between zones for the on peak
summer base case.? Have a great weekend.

?
Kenneth A. Donohoo, PE
Manager of System Planning, Technical Operations
ERCOT
2705 West Lake Dr.
Taylor, TX 76574-2136
(512)248-3003, FAX(512)248-3082


Start Date: 5/1/01; HourAhead hour: 9;  HourAhead schedule download failed.
Manual intervention required.

    LOG MESSAGES:

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We have created four additional graphs to be published daily along with the
DPR:

Return on VaR (ROVAR)
Curve Shift P&L (Delta - Gamma) Sharpe Ratio
Risk - Return (Large)
Risk - Return (Small)

All of these graphs deal with the concept of risk-adjusted return.  The
markets in which we operate have unlike risk characteristics.  Furthermore,
Enron's appetite for risk also differs in each market.  As a result, it is
difficult to compare returns in absolute terms.  Therefore, the approach of
these graphs is to divide return by a measure of risk, in effect restating
return numbers into a standard base (how many dollars we earn for every
dollar we put at risk).

 For each business unit or commodity group, the ROVAR graph shows an average
of daily total P&L divided by an average of daily VaR.  Higher ROVARs
indicate better performance (relative to other business units).  For each
business unit or commodity group there are two bars: the dark blue on the
left shows ROVAR on a 4 week (20 business day) rolling basis, and the light
blue on the right shows ROVAR on a 1 week (5 business day) rolling basis.
Because of the shorter term, the 1 week ROVAR is more sensitive: it can be
quite high or low, and it changes frequently.

The Sharpe Ratio graph is very similar in concept; it shows an average of
daily curve shift P&L (both delta and gamma) divided by its standard
deviation. This Sharpe ratio is uncomplicated by non-trading P&L (like new
deals, reserves, and so forth).  Furthermore, whereas VaR is a forward
looking statistic (the most we are likely to lose in one day with a given
probability), standard deviation is backward looking (the actual volatility
of our returns over the period). This graph also has two bars for every
business unit or commodity group: a dark brown on the left showing the Sharpe
ratio on a 4 week rolling basis, and a light brown on the right showing the
ratio on a 1 week basis.

The Curve Shift P&L Sharpe Ratio and the ROVAR graphs complement each other
well.  They measure different things, but if our P&L is composed mostly of
curve shift, and if our VaR closely predicts curve shift volatility, the two
statistics should be very close.

Sometimes it is interesting to see the actual magnitude of the P&L relative
to the risk.  We therefore put together the Risk - Return graphs.  On the
vertical axis, they show 4 week rolling average P&L.  On the horizontal, they
show 4 week rolling average VaR.  The various business units are plotted as
points on the graphs.  These graphs are closely related to the 4-week ROVARs,
in that the vertical value of every point divided by its horizontal value is
the business unit's ROVAR (average P&L / average VaR).  Another way of
looking at these graphs is that the slope of a line connecting the origin
(0,0) with the plotted point of a business unit is its ROVAR.  Books with
small risks and returns (< $2 million) are plotted on the "Small" graph, and
the rest, on the "Large".

These graphs are based on the DPR Database that we built to standardize and
capture the information that is reported in the DPR.  Most, but not all of
the information in the DPR currently flows from the database.  As a result,
we do not have ROVARs or Sharpe Ratios for every business unit.  As we
continue to set up exports into the database, we will fill in the missing
numbers.

We will e-mail you these graphs every day until we can publish them on the
intra-net.  Please remember to launch the file in Excel, instead of using the
Lotus Notes viewer.  The VaR Limit Usage graphs that we created last week are
already on the web.  We hope that you find all of these useful.

Regards,

Eugenio Perez


I am hoping you will be the right person to talk with.  Rahil Jafry referred
me to you.  I am the risk management lead for the Central Gas desk.
Currently our traders utilize an EOL weighted average gas price report on EOL
to set their curves for the next gas day, i.e. their curves set today for
tomorrow's gas flow.  I was first inquiring with EOL if they could possibly
provide this report in downloadable format(excel) and they sent me to Rahil,
who then sent me to you.  Is this possible?  Please feel free to contact me
for any additional information or if this is really confusing.

Please let me know if you are not the right person to contact and I will
start over with EOL.  Thanks for your assistance in this matter.
Phillip
3-7376


I'd like to be there around 7 if that's when it starts.  But we probably
don't need to leave here until 6:30-6:45ish.  Just call me before you go to
class and let me know when you'll get out and I'll meet you downstairs.

I'm probably going to leave around 3:30 if things stay this calm.

Bye
RR


A couple of suggestions on which I would appreciate your response:

	1.  I believe we need to have internal due diligence/factual investigation done on whether any of the Enron entities served--Enron Corp.(of which Northern was a division for a period of time), Enron Gas Marketing, Inc. (EGM) or Intratex ever gathered gas, was the first measurer of gas, or provided measurement of gas on which ad valorem taxes were calculated, for Zapata County or communitized wells in adjacent counties that included leases located in whole or in part in Zapata County.  The petition specifically mentions that it includes acts going back to 1974 and earlier, so I would like to see how far back we can fairly easily put together a chronology.  What I hope to have is a time line of who did what and during what period of time, and locate the most important documents to show this.

	I am assuming that EGM was at all times only a marketer, although we need to do the due diligence to make sure.  Enron Corp. will be pretty easy, although Northern was for a brief period of time in the early 90s a division of Enron Corp., and Northern had non-contiguous gathering in South Texas that stopped right at the Zapata County line.  If that gathering system took gas from, say, a well in an adjacent county that was communitized with a lease in Zapata County, Enron Corp. may stay in the picture.  Last, with respect to Intratex, I am told by Lou that we no longer have the Intratex documents; did they go with HPL as a result of the sale?

	Becky and I are stretched thin on various matters right now and would like to suggest that we retain Marianne Salinas on this project immediately.

	2. I think it would be helpful to snag a first-rate gas measurement consultant now, before they all get taken.  I know Ken Cessac, who works here, very well, and think a great deal of him.  I know Andy has used him extensively already in Grynberg-related matters.  You may want to save money and not retain our own consultant, and instead rely on Ken; however, I know that Ken is being kept very busy.  On the other hand, I also think it is likely that we will wind up sharing at least the testifying gas measurement experts and their costs.  So, this is a judgment call.  However, I would be inclined to go ahead and retain Paul LaNasa, who sits on several AGA committees, as an Enron-only consulting expert, even though I don't think he is up to speed on the Grynberg allegations.  Both Grant Harvy and I were very impressed by him during the Northern v. ONEOK arbitration, during which we worked with him extensively and presented him as an expert witness (although I don't proposed to use him as a testifying expert here).  My point would be that if there was anything wrong with Enron's measurement that was either worse than or better than our co-defendants' measurement,  or put us in a different position, I am very confident he could point it out to us.

	I appreciate your thoughts.

	Britt


Philip:

	Enron Natural Gas Marketing Corp. is a wholly owned subsidiary of Enron North America Corp.

Jeff Hodge


Hey Aunt Bonnie,

I thoroughly enjoyed your visit as well.  It has been too long since the last
time we got together.  I hope that we get to see more of each other in the
coming years.   Hopefully, we can make a trip up to Pennsylvania soon.

Love,

Eric

Bonnie Decker <bdeck62@yahoo.com> on 09/15/2000 11:29:04 AM
To: Eric.Bass@Enron.com
cc:
Subject: Visit

Hi Eric,

I really enjoyed my visit to Texas.  It was great
seeing you and meeting Shanna.  You have grown into a
fine young man and I'm proud of you.  I hope to see
you again maybe next year. Keep in touch.

Love   Aunt Bonnie

__________________________________________________
Do You Yahoo!?
Yahoo! Mail - Free email you can access from anywhere!
http://mail.yahoo.com/


I don't know if we have spoken to Comex, but Edmund says "We have completed
the due diligence on this"

Dave

From: Mark Taylor@ECT on 07/21/2000 09:39 AM
To: David Forster/Corp/Enron@ENRON
cc:

Subject: Re: Fin. metals launch newsticker

I'm not sure who Diana is - do you know if someone has been in contact with
the COMEX and has received their permission?

	David Forster@ENRON
	07/21/2000 07:49 AM

		 To: Mark Taylor/HOU/ECT@ECT
		 cc:
		 Subject: Fin. metals launch newsticker

Further to my voice mail. . .

Dave
---------------------- Forwarded by David Forster/Corp/Enron on 07/21/2000
07:50 AM ---------------------------

Diana Seifert@ECT
07/21/2000 06:38 AM
To: David Forster/Corp/Enron@Enron, Edmund Cooper/LON/ECT@ECT
cc: Amita Gosalia/LON/ECT@ECT, Lara Fields/HOU/ECT@ECT

Subject: Fin. metals launch newsticker

This should be the final version now !

F.Y.I.
Edmund changed the contract description.
LME + COMEX are fine with Enron using their names + prices.

Rgds

Diana


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Please allow 2-3 weeks for us to remove your email address. You may receive further emails from us during that time, for which we apologize. Thank you.


---------------------- Forwarded by Mike Grigsby/HOU/ECT on 08/28/2000 12:50
PM ---------------------------

"Hutcheson, Curtis" <Curtis.Hutcheson@COMPAQ.com> on 08/15/2000 07:07:54 PM
To: "'Mike Grigsby'" <mike.grigsby@enron.com>
cc:
Subject: Compaq Wireless network

http://athome.compaq.com/defAult.asp?page=showroom&showroompage=showroom%2Fa
pp%2F%2Fdq%2Easp%3FPN%3D%26CompPart%3D200529%2D001%26BaseID%3D%26PriceLevelI
D%3D18930%26AppID%3D18930%26url=http://athome.compaq.com/showroom/static/ipa
q/con-point.asp

 - C.DTF


Attached is a redline with the changes we discussed.  Please review and if it
looks OK, please forward to Susan and Dave.


Per our discussion, I've modified the letter to remove reference to the
monthly pack agreement and made a couple of other minor changes.  I wasn't
able to get ahold of Bill on Friday afternoon to discuss who will sign, so
for now I've left it with signature blocks for Bill and Rod only.  I hope we
are getting closer to the target here and look forward to discussing it with
you further on Monday.  Thanks again for the illumination on AA's intent on
the earlier draft.  DF


---------------------- Forwarded by Darron C Giron/HOU/ECT on 02/02/2001
10:08 AM ---------------------------

From:  Veronica Espinoza @ ENRON
               02/02/2001 09:43 AM

To: Larry Joe Hunter/HOU/ECT@ECT, Bob Bowen/HOU/ECT@ECT, Kim S
Theriot/HOU/ECT@ECT, Melinda Whalen/CAL/ECT@ECT, Dianne Seib/CAL/ECT@ECT,
Janie Aguayo/HOU/ECT@ECT, Derek Bailey/Corp/Enron@ENRON, Kevin
Meredith/Corp/Enron@ENRON, Ellen Wallumrod/NA/Enron@ENRON, Celeste
Cisneros/NA/Enron@Enron, Diane Anderson/NA/Enron@Enron, Tiffany
Williams/NA/Enron@Enron, Cindy Feldman/CAL/ECT@ECT, Patricia
Boulanger/CAL/ECT@ECT, Linda Sietzema/CAL/ECT@ECT, Sharon
Crawford/CAL/ECT@ECT, Debbie R Brackett/HOU/ECT@ECT, Tanya
Rohauer/HOU/ECT@ECT, Tom Moran/HOU/ECT@ECT, William S Bradford/HOU/ECT@ECT,
Russell Diamond/HOU/ECT@ECT, Lesli Campbell/HOU/ECT@ECT, Nidia
Mendoza/HOU/ECT@ECT, Jeffrey C Gossett/HOU/ECT@ECT, Kam Keiser/HOU/ECT@ECT,
David Baumbach/HOU/ECT@ECT, Errol McLaughlin/Corp/Enron@ENRON, Darron C
Giron/HOU/ECT@ECT, Walter Guidroz/NA/Enron@Enron, Leslie Reeves/HOU/ECT@ECT,
Veronica Gonzalez/HOU/ECT@ECT, Phillip M Love/HOU/ECT@ECT, Jean
Bell/HOU/ECT@ECT
cc:
Subject: Credit Report--2/2/01


The Staff Meetings are held in EB38C2 - at least until the build-out is
completed.
----- Forwarded by Pat Radford/HOU/ECT on 02/07/2001 10:17 AM -----

	Pat Radford
	02/07/2001 09:27 AM

		 To: Barbara N Gray/HOU/ECT@ECT, Jeffrey T Hodge/HOU/ECT@ECT, Steve Van
Hooser/HOU/ECT@ECT, Roger Balog/HOU/ECT@ECT, Peggy Banczak/HOU/ECT@ECT, Sandi
M Braband/HOU/ECT@ECT, Shawna Flynn/HOU/ECT@ECT, Dan J Hyvl/HOU/ECT@ECT, Kay
Mann/Corp/Enron@Enron, Ann Elizabeth White/HOU/ECT@ECT, Stuart
Zisman/HOU/ECT@ECT, Stacy E Dickson/HOU/ECT@ECT, Gerald Nemec/HOU/ECT@ECT,
Eric Gillaspie/HOU/ECT@ECT, Kathleen Carnahan/NA/Enron@Enron, Debra
Perlingiere/HOU/ECT@ECT, Robert Walker/HOU/ECT@ECT, Kimberlee A
Bennick/HOU/ECT@ECT, Mary Ogden/HOU/ECT@ECT
		 cc: Jenny Helton/HOU/ECT@ect, Kaye Ellis/HOU/ECT@ECT, Becky
Spencer/HOU/ECT@ECT, Suzanne Adams/HOU/ECT@ECT, Taffy Milligan/HOU/ECT@ECT,
Legal Temp 1/HOU/ECT@ECT
		 Subject: Staff Meeting Reminder

FROM JEFF HODGE:

The East and Upstream Origination/Gas Trading Group will have their scheduled
staff meeting for all attorneys and paralegals in the group TODAY, February
7, 2001, beginning at 1:30pm.  The guest speaker is Ed McMichael who will
discuss Asset Management Agreements.  Please plan to attend.

cc: Group Assistants (Please remind your attorney/paralegal of this meeting
if they do not promptly read emails.)


Guys, anything you can do to encourage your employees to take a little time
to participate in the survey would be much appreciated.  This is a valuable
exercise for the company.

Regards
Delainey
---------------------- Forwarded by David W Delainey/HOU/ECT on 10/20/2000
09:00 AM ---------------------------

Eric Thode@ENRON
10/20/2000 07:59 AM
To: Mark Frevert/NA/Enron@Enron, David W Delainey/HOU/ECT@ECT, John J
Lavorato/Corp/Enron@Enron, Mike McConnell/HOU/ECT@ECT, Jeffrey A
Shankman/HOU/ECT@ECT, Jeffrey McMahon/HOU/ECT@ECT, Raymond Bowen/HOU/ECT@ECT
cc: Tim O'Rourke/Corp/Enron@Enron, Cindy Skinner/HOU/ECT@ECT, Sheila
Walton/HOU/ECT@ECT
Subject: The Pulse Survey Results (End of Business - October 19)

Attached are the Pulse survey results for ENA/EGM/EIM at the end of business
on Thursday, October 19.  The "up from" figure is versus yesterday's total.
The total number of employees who received the survey for our organizations
is 1,884.  If you have any questions, please call me at ext. 3-9053.

------------------------------------------------------------------------------
    CURRENT PULSE TOTALS      10/18/00
------------------------------------------------------------------------------

Operating Company:

Enron North America/Enron Global Markets/Enron Industrial Markets  732 (up
from 689) This is a 38.9% response rate.

Results by Group:

Commercial - Origination  133 (up from 131)
Energy Operations   133 (up from 126)
Risk Management and Trading 116 (up from 106)
Business Anal. & Reporting/Fin. Ops. 95 (up from 90)
Other/None of the Above  94 (up from 91)
Legal    57 (up from 46)
Gas Assets   39 (up from 37)
Human Resources   31 (up from 30)
Tax    18 (no change)
Technology/IT   16 (up from 14)


Hi gang.  A few updates from last month.

Purchase from Statoil (deal 226563) behind CPA.  The volume is 1,500 dth per
day.  I changed the end date from 9/30/2000 to 10/31/2000.  David, please
check the risk assignment.

---------------------- Forwarded by Chris Germany/HOU/ECT on 06/27/2000 09:31
AM ---------------------------

Chris Germany
05/25/2000 04:19 PM
To: John M Singer/Corp/Enron@ENRON, David Oliver/HOU/ECT@ECT, Robert
Allwein/HOU/ECT@ECT, Dick Jenkins/HOU/ECT@ECT, Cyndie
Balfour-Flanagan/Corp/Enron@ENRON, Elizabeth L Hernandez/HOU/ECT@ECT, Molly
Johnson/HOU/ECT@ECT, Wade R Price/HOU/ECT@ECT
cc: Joan Veselack/Corp/Enron@ENRON, Joann Collins/Corp/Enron@ENRON
Subject: Local Production for June

John, I took the volumes on deal 226556 to 0 for the term of the deal
starting June 1.  This is the purchase from Belden & Blake behind NYSEG.

I changed the volume on deal 226563 from 1 dth/day to 1500 dth/day.  This is
the purchase from StatOil at CPA.  The price on this deal is NX1 + .434 and
the price on John's worksheet is NX1 + .54 (per MCF).  John, is this price
adjusted for dth??

I created deal 280185, purchase from StatOil, volume of 333 day, the price is
NX1+ $.56 PER MCF.  This is a purchase of local production behind the
citygate.  David, this deal probably needs to be hedged in Sitara.
Cindy - deal 226563 is a purchase from CES - Statoil Energy.  I set up deal
280185 with the same counterparty.  This deal should have been in the system
effective 1/1/2000.  According to Elizabeth, we should not use the CES -
StatOil Energy.  It doesn't matter to me how its set up, however, this deal
should have been in the system from Jan and it is the same type of deal as
deal 226563.

I changed the volume on deal 226747 from 1 dth to 1100 dth/day.  This is a
purchase from Questar and it is also local production behind CPA.
John, there are 3 deals for Questar, the other 2 deals have volumes of 0
right now.  Can you tell me how the volume should be split out for pricing
purposes?

Molly, I created deal 280132, FOM priced sale to CES.  This deal will be
matched with the CPA local production deals.

Let me know if anyone has any questions.

Thanks
cg 3-4743

---------------------- Forwarded by Chris Germany/HOU/ECT on 05/25/2000 02:41
PM ---------------------------

Chris Germany
05/24/2000 05:26 PM
To: hboyd@columbiaenergygroup.com, Angie Zeman/Corp/Enron@ENRON, Joan
Veselack/Corp/Enron@ENRON, Joann Collins/Corp/Enron@ENRON, Robert
Allwein/HOU/ECT@ECT, Cynthia Franklin/Corp/Enron@ENRON, Meredith
Mitchell/HOU/ECT@ECT, Molly Johnson/HOU/ECT@ECT
cc: Scott Goodell/Corp/Enron@ENRON, John M Singer/Corp/Enron@ENRON, Dick
Jenkins/HOU/ECT@ECT, Victor Lamadrid/HOU/ECT@ECT,
dkinney@columbiaenergygroup.com, cdalpho@columbiaenergygroup.com,
jporte1@columbiaenergygroup.com, Wade R Price/HOU/ECT@ECT (bcc: Chris
Germany/HOU/ECT)
Subject: Local Production for June

Please send this email to anyone that may need to see it.  I'm sure I left
someone out.

This is citygate gas ENA will sell to CES for June.  This will reduce the
numbers on the sheet Doug sent us yesterday.

East Ohio Gas on CNG
10,000 dth/ month from Power Gas Marketing

CPA on TCO
500 dth/day from Power Gas Marketing
1,833 dth/day from StatOil
1,100 dth/day from Questa - Note:  this is an estimated volume.  We should
know the actual volume in the next day or so.

Note:  CES is not taking any Carnagie gas at CPA.

National Fuel
250 dth/day from Belden & Blake.  The deal expires 6/30/2000.

Equitrans
All of the Equitrans is production or pool gas on the pipeline.  ENA
nominates this gas.  CES still has a citygate load of 1,280 dth/day for June
on Equitrans so the production gas will be delivered to CES.

CES will not be receiving any local production behind Peoples or NYSEG.


Bob:  Hope all is well.  Per my voice mail, attached is the confirm.  I'm
trying to refresh my knowledge of equity derivatives and securities issues
(for ENE).  You can reach me at 713/853-5620.  Let me know what your schedule
looks like.   It's looking like a wave of equity deals is coming my way.
Thanks.  Sara
----- Forwarded by Sara Shackleton/HOU/ECT on 06/14/2000 05:42 PM -----

	Jeff Nogid
	06/09/2000 09:23 AM

		 To: Sara Shackleton/HOU/ECT@ECT
		 cc:
		 Subject: FW: Forward Confirm

Sara-

Here is a copy of a trade confirm.  Can you spot any problems?

Jeff
---------------------- Forwarded by Jeff Nogid/HOU/ECT on 06/09/2000 09:19 AM
---------------------------

"Haratunian, Stephen" <stephen.haratunian@csfb.com> on 05/24/2000 04:55:28 PM
To: "'jeff.nogid@enron.com'" <jeff.nogid@enron.com>
cc:
Subject: FW: Forward Confirm

Jeff, as we discussed, attached is the confirm for the forward.

> -----Original Message-----
> From: Haratunian, Stephen
> Sent: Thursday, May 11, 2000 4:45 PM
> To: 'tim.despain@enron.com'
> Subject: Forward Confirm
>
> Tim, attached for your review is the confirm of the equity forward.
> Please feel free to call me with any questions or comments.
>
>  <<ECT Forward Confirm51.doc>>

This message is for the named person's use only.  It may contain
confidential, proprietary or legally privileged information.  No
confidentiality or privilege is waived or lost by any mistransmission.
If you receive this message in error, please immediately delete it and all
copies of it from your system, destroy any hard copies of it and notify the
sender.  You must not, directly or indirectly, use, disclose, distribute,
print, or copy any part of this message if you are not the intended
recipient. CREDIT SUISSE GROUP and each of its subsidiaries each reserve
the right to monitor all e-mail communications through its networks.  Any
views expressed in this message are those of the individual sender, except
where the message states otherwise and the sender is authorised to state
them to be the views of any such entity.

 - ECT Forward Confirm51.doc


Hello, Enron.


Um....yeah.

U.S., Japan Pursuing Space-Based Solar Power Systems

The National Space Development Agency of Japan, or
NASDA, has announced plans to develop a satellite-based
solar power system that would beam energy back to Earth. A
satellite carrying large solar panels would use a laser to
transmit the power to an airship at an altitude of about
12 miles, which would then transmit the power to Earth.
NASDA currently expects to develop the laser technologies
in the next 10 years and aims to conduct its first power
transmission test in 2025. See the NASDA Web site at:
<http://spaceboy.nasda.go.jp/note/kouso/E/kou106_solar_e.html>.

The National Aeronautics and Space Administration (NASA)
in the United States has been pursuing a similar approach,
although with less ambitious goals. A September review of
the NASA research by the National Research Council (NRC)
found the research worthwhile, although it noted that the
funding levels would have to be much higher to achieve its
goals. The review noted that "dramatic reductions" would be
needed in the cost of placing the system into Earth orbit and
in the cost of the solar panels, and that significant progress
is still needed in the technology to manage the power in
space and beam it back to Earth. See the NRC report at:
<http://www.nap.edu/books/0309075971/html/>.

The subject of space-based power has also been examined
by Resources for the Future (RFF), a Washington-based
group that studies energy and environmental policy. A report
issued last year suggested that space-based power would
have difficulty competing with land-based power sources,
and urged that economic analyses continue in tandem with
the technology development. However, a more promising
avenue was suggested in an October report, which
examined the concept of using a space-based power plant to
beam power to other space-based facilities. See the
"Discussion Papers" in the Space section of the RFF Library
at: <http://www.rff.org/nat_resources/space.htm>.

If those concepts aren't far enough into outer space for you,
consider this: wind energy might be a great energy option on
Mars. It turns out that solar power systems, which are
usually used for power in space, would be least effective
during Martian sand storms, when it's windy, of course. So a
wind and solar hybrid energy system might work best.
Similar systems operating in Alaska and Antarctica may
serve as models for these Martian power systems. See the
press release from the NASA Ames Research Center at:
<http://amesnews.arc.nasa.gov/releases/2001/01_72AR.html>.


Jim/Rick/Linda--I have faxed to you a copy of the resolutions that came out
of the Western Governors meeting last Friday.  We were pleased to see that
there was no language endorsing price caps in the documents, nor was there
even a section suggesting that they be studied.  The resolutions included
many of our suggestions (power supply contracts,rate reforms to send more
accurate price signals, demand exchanges, eliminating barriers to distributed
generation, etc)  There was also a specific endosement of construction and
expansion of pipelines and electric transmission.

The Thursday evening keynote by Bennett Johnston was typical old fox
Louisiana style rhetoric saying that even though price caps didn't work,
gee...just this one time, they should be instituted for just the short term
(his client is SoCalEd).  The morning session started off rocky, with way too
much discussion about price caps or cost plus ratemaking being a good idea.
Mid way thru the program Gov Kempthorne affirmatively stated that he did not
agree with price caps and that actually started the discussion back on the
right road.  The Governors met in closed session at noon and then later in
the day, and ultimately there were enough Republican votes to make sure that
price caps were not endorsed.

DOE secretary Abraham was not particularly vocal during his time on the
panel, but did give good anti price cap interviews with the press later. And
good old market man Curt Hebert had some very strong statements against price
caps.  His colleagues Massey and Breathitt were both there, and did not echo
the same sentiments!

Paul and I will be talking in the next few days to plan our next strategy
with this group...it will need some continued hand holding and work.  Please
feel free to call either of us if you would like more specific info.  Please
also forward on to whoever in your group I neglected to copy or would have an
interest..  THANKS to all who helped us get ready for this meeting.


Wei,

I am showing a position for the book id listed below when I query RMS Open
Positions, but I don't see the positions when I query Benchmark Agg_View.
Can you refresh the table to see if this position will pull into the
Benchmark Agg_View table?  I am including the book id, post id, and position
from yesterday.  Let me know if you need any more information.

BOOK ID   POST ID POSITION
INTRA-ONT-CAD-GDL  1062779 -477.7 contracts

Thanks,
Robin


Jason,

See if this is what you were looking for.  (After pressing 'Fetch', check
column 'N' on Results tab.)

Call me if you have any questions,

Hal McKinney
x53707


Attached is the Balance Sheet for EBS as of 12/31/99.  Let me know if you need
anything else.  Thanks.  DC(See attached file: EBSBalSht123199.xls)

 - EBSBalSht123199.xls


Ladies and Gentlemen:

First of all, thanks to all who were able to attend our first meeting last
week.  My apologies for the short notice and inconvenient scheduling - it was
the best we could do based on travel schedules and time-zones.

Attached is a presentation of the results of our first meeting.  Please take
a look at it and thank about how we can move from the conceptual to the
practical as painlessly as possible.

Schedule permitting, I would suggest we meet next week to see where we go
from here.

Thanks,

George


Check out the outlook.  "A couple of  wins" means a sweet 16 berth. Doesn't
look good for LSU!

http://www.finalfour.net/stats/bko/bkc/mentexascapsule.html


Why One Firm Thinks Enron Is Running Out of Gas
The Street.com, 05/10/01

Enron's Lay: California Power Crisis and Generation
Bloomberg, 05/10/01

Enron's Kenneth Lay on California Power Crisis: Comment
Bloomberg, 05/10/01

USA: UPDATE 1-Cooler weather gives Calif. a break from blackouts.
Reuters English News Service, 05/10/01

Talking Stocks
CNNfn: The Money Gang, 05/10/01

USA: NewPower beats its expectations, reaffirms 2001 view.
Reuters English News Service, 05/10/01

NewPower Has Narrower-Than-Expected 1st-Quarter Loss (Update1)
Bloomberg, 05/10/01

Why One Firm Thinks Enron Is Running Out of Gas
By Peter Eavis
Senior Columnist
Originally posted at 5:23 PM ET 5/9/01 on RealMoney.com

TheStreet.com, 05/10/01

A small research boutique with a reputation for rigorous analysis is telling
clients to quickly dump Enron (ENE:NYSE - news), believing that the energy
trading giant's 2001 earnings will fall well short of Wall Street's
forecasts.
Cambridge, Mass.-based Off Wall Street, led by analyst Mark Roberts, thinks
Enron's 2001 earnings will fall 6 cents short of the consensus estimate of
$1.79. The firm also believes Enron stock should trade around $30, nearly 50%
below Wednesday's $59.20.
The firm's 26-page report, published May 6, highlights Enron's declining
profitability and increasing leverage and suggests that the company should
trade on the same sort of multiple as a trading firm like Goldman Sachs (GS
:NYSE - news), which has a 2001 price-to-earnings ratio about half of Enron's
33 times. OWS also alleges that Enron's earnings quality is poor and that key
parts of its financial statements are confusing and opaque.
Houston-based Enron didn't comment by publication time on elements of the
report that Detox sent the company. An energy analyst who is bullish on
Enron's outlook says the OWS report contains fundamental misunderstandings
about the energy market and Enron's business model, but he says the report
does include some ground-breaking and valid insights. (The analyst's firm
doesn't give stock recommendations.)
Economies of Scale
Why care what Off Wall Street writes, compared with, say, analysts at Merrill
Lynch (MER:NYSE - news)? For one, OWS has an excellent track record.
Particularly sweet was 2000, when the tech stocks it had bashed came crashing
down. It has also shown itself to be well ahead of the curve, recommending
that clients sell e-tailer priceline.com (PCLN:Nasdaq - news) in June 1999,
when faith in Internet stocks was at its blindest and their prices at their
most insane.

Pulling Back
Enron retreats after long rally

Enron, with its domination of a burgeoning energy market, annual revenue of
over $100 billion and impressive earnings growth, can hardly be ranked
alongside the likes of priceline. But OWS thinks Enron is set for a
precipitous drop nonetheless. Why?
OWS's main beef is that key profitability measures are in decline. Margins on
Enron's pretax operating earnings (which the company's earnings releases call
IBIT, or income before interest, taxes and other items) are falling. Total
IBIT of $795 million in the first quarter amounted to only 1.59% of the $50
billion in revenue for the period, compared with a 2.08% margin in the fourth
quarter and 4.75% in the year-earlier period. Revenue in the first quarter
was nearly quadrupled from the year-earlier period, yet IBIT rose only 27%.
This shrinkage is due to lower-margin trading income making up an
increasingly large share of Enron's revenue base.
OWS thus calculates that for the remainder of 2001 Enron needs to generate an
extra $2.1 billion in revenue for each additional penny it makes over its
2000 EPS of $1.47 to reach analysts' expectation of $1.79.
The energy analyst counters that OWS apparently hasn't grasped how Enron can
continue to increase earnings even when margins shrink. It does so simply by
increasing volumes as the energy market balloons in size. In other words,
margins may decline, but since revenues are so much higher, earnings still go
up. Illustrating this, first-quarter 2001 EPS of 49 cents was 23% ahead of
the year-ago figure, even though the IBIT margin shrank by 3.2 percentage
points. The analyst thinks Enron will make $1.82 per share in 2001.
Growing On You
In addition, the huge growth in the energy market that has so helped Enron is
likely to continue for several years, according to the analyst. He notes that
roughly 75% of the electricity available in the U.S. still isn't traded in a
market. "Eventually it will be part of a competitive environment, but it'll
take five to 10 years," says the analyst. And he believes the extreme
volatility in energy-related commodities that has also benefited Enron will
exist for longer than OWS projects.
Still, OWS's point on profitability is bolstered by other profit measures.
Return on capital (net income as a percentage of equity plus debt) was 6.6%
in 2000, down on 1999's 6.9% and well below the 2000 returns on capital at
Duke (DUK:NYSE - news) (11.8%), Dynegy (DYN:NYSE - news) (12.1%) and even
Goldman (8.9%).
Even Enron bulls will admit that its financials are hard to follow. For
example, it doesn't give a gross margin number for its wholesale services, or
trading, business, which accounts for 96% of revenue. But one area of the
company's financial statements registered with the Securities and Exchange
Commission that consistently bugs analysts is the part that describes Enron's
related party transactions, which are the deals it does with entities that
have some sort of link to the firm. In fact, one of the related entities that
Enron has traded with is headed by Enron's CFO, Andrew Fastow. The energy
analyst comments: "Why are they doing this? It's just inappropriate."
The reason for maintaining these hard-to-follow related party deals has been
a source of speculation. But OWS analysis shows how a sales of optical fiber
to a related party may have been used to goose earnings in the second quarter
of 2000. Estimated profits from the so-called dark fiber (optical cable
without the gear to send data over it) transaction allowed Enron to beat
analysts' second-earnings earnings estimate by 2 cents a share, rather than
missing by 2 cents.
How soon before Wall Street follows Off Wall Street on Enron?

Enron's Lay: California Power Crisis and Generation
2001-05-10 10:31 (New York)

     White Sulfur Springs, West Virginia, May 9, 2001 (Bloomberg) -- Kenneth
Lay, chairman of Enron Corp., talks with Bloomberg's Dylan Ratigan about the
outlook for the California power crisis, Enron's role in power generation and
supply, and success of Enron's e-commerce platform. They speak at the Business
Council CEO Summit.

01:20 Outlook for the California power crisis and energy pricing
02:54 Enron's role in power generation and supply; margins
00:31 The possibility of legal liabilities related to California

Enron's Kenneth Lay on California Power Crisis: Comment
2001-05-10 12:45 (New York)

     White Sulfur Springs, West Virginia, May 10 (Bloomberg) -- The following
are comments by Kenneth Lay, chairman of Enron Corp., the world's largest
energy trader, on the California power crisis. He made the comments in an
interview on Bloomberg TV.

     On consumer rate increases and the future of Edison
International's and PG&E Corp. The two companies own California's two largest
utilities, Southern California Edison and Pacific Gas & Electric Co.

     ``The higher rates, which have now finally been approved, which go into
effect this month, appear to be just about right in order to get the
utilities, at least So Cal Edison, back on (their) feet and maybe PG&E out of
bankruptcy. But then again there are so many other pieces to that, from the
standpoint of restructuring the market where you do have direct access where
consumers can pick their supplier.

     ``Maybe over time, 18 months to two years down the road, even the large
industrial customers will be able to do their electricity the same way they
do their gas. They buy it directly from companies that are competitors and
buy it from people other than the utilities.''

On electricity pricing and generation:

     ``At the same time we need to be pushing very hard on peak pricing this
summer. We need much higher prices during the peak periods and much lower
prices during the non-peak periods. We need a more aggressive demand buy-down
(conservation) program.''

     ``They absolutely need more generation. As you well know throughout the
90s there were no new power plants built in the state of California. They've
got to start building power plants in the state of California''

On Enron benefiting from California crisis:

     ``We don't' have any generation in the state of California, though we
are major suppliers of natural gas and electricity.  Obviously there has been
a lot of volatility there and it's been a strong market, but we are not well
served by a market that is that
volatile and unstable. That is why we have been working very hard to see if
we can come together with other people to see if we can
solve it.
     ``We have benefited somewhat, but keep in mind that we have to buy
supply to sell supply since we don't have generation in the state. We have to
pay high prices to buy it and sell it at high prices.''

On the possibility of legal action against power suppliers in California:

     ``We in fact believe there is absolutely nothing we have done that is
illegal or incorrect in the state of California. This is largely a matter of
trying to demagogue the issue, trying to distract from the issue of not
putting into place a comprehensive
plan to solve the issue.''

USA: UPDATE 1-Cooler weather gives Calif. a break from blackouts.
By James Jelter

05/10/2001
Reuters English News Service
(C) Reuters Limited 2001.

SAN FRANCISCO, May 10 (Reuters) - Cooler weather lifted some of the load from
California's straining power grid on Thursday, sharply reducing the
likelihood of rolling blackouts, state energy officials said.
"Generator outages have crept up but the temperatures are cooler so we don't
expect to have to call for blackouts today," Stephanie McCorkle, a
spokeswoman for the California Independent System Operator (ISO) said.
The ISO, the agency that manages most of the state's electricity transmission
grid, ordered two consecutive days of blackouts on Monday and Tuesday as the
state's power crisis again resulted in critical energy shortages.
Blackouts were narrowly averted Wednesday, in part because temperatures began
to fall. Lower temperatures mean a drop in air conditioning, which on hot
days accounts for about a third of overall electricity demand from the
state's 34 million residents.
"Temperatures are especially lower in the (San Francisco) Bay Area and Los
Angeles, but the inland areas are still really hot," McCorkle said.
Central Valley cities like Sacramento, Fresno and Bakersfield were all
expected to see afternoon temperatures Thursday around 88-100 degrees
Fahrenheit (31-38 C).
And electricity supplies were still far from healthy. The ISO went to a Stage
Two alert shortly after 1 p.m. (2000 GMT) when reserves dropped to a
precariously thin 5 percent of demand - well below the ideal 15 percent
reserve margin.
Should reserves drop to just 1.5 percent, triggering a top level Stage Three
alert, the ISO will call on utilities to start rolling blackouts, cutting
power to blocks of customers in a bid to avoid collapsing the grid.
BETTER, BUT NOT GREAT
ISO operators, locked in a minute-by-minute battle to balance supply and
demand on the system, said about 13,000 megawatts of generation were offline
for repair or maintenance Thursday, roughly enough to serve the needs of 13
million homes at any given moment.
"That's about 1,000 megawatts more than yesterday," McCorkle said.
California, the nation's most populous state and the world's sixth largest
economy, endured two days of rolling blackouts earlier this week, the fifth
and sixth days so far this year the lights have gone out.
State energy officials warn the number and duration of these outages will
likely rise through the summer, depending on how hot it gets, how much
Californians can conserve, and how much power can be added to the grid
through the state's accelerated power plant construction program.
Though blackouts look unlikely over the next few days, the ISO warns May
remains a tough month, with many power plants shut for maintenance needed to
put them in top shape for the hot summer months ahead.
"We're at that point where we can't afford to defer outages any longer. We're
trying really hard to get as much generation ready and on line for June,"
McCorkle said.
Another 600 megawatts is shut for financial reasons, the result of the
state's cash-strapped utilities failing to pay plant owners for the power
they desperately need.
ROCKETING PRICES
Prices in California's volatile wholesale power market have exploded tenfold
over the past year, the result of failing to keep pace with its citizens'
rapidly growing power needs and a badly flawed bid to deregulate its
electricity industry.
California is currently spending $50-90 million a day buying emergency power.
On Wednesday, state legislators approved a $13.4 billion bond issue to covert
this staggering cost.
Gov. Gray Davis, after months of accusing independent power generators of
using California's energy crisis to line their own pockets, met Wednesday
with executives of several of those companies to discuss a way out of the
mess.
The four-hour, closed door meeting produced no concrete results, but gave
Davis an opportunity to ask producers to accept a 30 percent cut in payments
they are owed by California.
Enron Corp., Mirant, Reliant, Dynegy Inc. and other merchant generators at
the meeting reiterated they have done nothing wrong and that their steep
wholesale prices fairly reflect rising fuel costs and the financial risks
they bear by continuing to do business in California's volatile power market.

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

Business
Talking Stocks
David Haffenreffer, Christine Romans

05/10/2001
CNNfn: The Money Gang
(c) Copyright eMediaMillWorks, Inc. (f/k/a Federal Document Clearing House,
Inc.). All Rights Reserved.

CHRISTINE ROMANS, CNNfn ANCHOR, THE MONEY GANG: You are watching "The Money
Gang," and we are "Talking Stocks".
DAVID HAFFENREFFER, CNNfn ANCHOR, THE MONEY GANG: And we are with Charles
White, from Avatar Associates. We have on the phone, Jack, from Texas. Hi,
Jack.
ROMANS: Actually, it`s Jeff in Indiana.
HAFFENREFFER: All right.
ROMANS: Hi, Jeff?
CALLER: Hi, I was just wondering what your take on Service Corporation
International (URL: http://www.sci-corp.com/) was-and if you`d recommend a
buy?
CHARLES WHITE, AVATAR ASSOCIATES: This is one where, you know, for the
longest time, this had been a very dependable stock in the-I guess, deaf care
services industry. They do have a road out planned here for the financial
distress that the company has been under. It`s one where as an institutional
investor, we`ve been avoiding the name, avoiding the sector for a few years
now. We do look at the sector from time to time, but it`s not something we
want to get involved in here.
ROMANS: OK. Let`s go to the phones again now. John, in New York has a
question. Hi, John.
CALLER: Hi. With all of the talk about energy today, why aren`t companies
like Enron (URL: http://.www.enron.com/) and Williams Energy (URL:
http://www.williamsenergy.com/) doing better?
WHITE: These are companies where-you know, on the Enron side, and Williams
side, part of the multiple and part of the valuation that was in them was for
the telecom services piece of that. And it`s not secret that telecom services
has been slightly under distress here. It`s not clear how all of the issues
with California are going to play out and there`s a little bit of uncertainty
layered on to that. So, that may explain why these stocks haven`t performed
better. But we think that Enron is still probably a stock you would want to
have a core position in your portfolio.
HAFFENREFFER: OK. Our last call of the afternoon goes to O`Neil in Texas. Hi,
O`Neil.
CALLER: Hi, thanks for taking my call. My was on Cisco. And, Charles, you
were here last month, if I remember correctly, on April 10th. And at that
time you appeared negative on technology but today I see you have been
recommending Intel-and what do you think of Cisco?
WHITE: Cisco is-you`re correct, we were fairly negative on tech at that time.
We`ve moved back to a closer to market weighting as the Fed has gotten more
aggressive here. But in Cisco`s case, this is a stock that I think longer
term, you probably do want to be in. But the earnings announcement we saw the
other day, all of the cloudiness about the outlook for the future, I think
this is one where you want to wait and watch. You know, try and accumulate it
on a bad day for the stock in the face of some negative news. But this is not
one where we can come out and pound the table and say we want to be involved.
They still have-the sector in general, for networking still has some issues
to get through. Not as-not like the semiconductor sector. Semiconductor
sector we think will be quicker to recover. So, that`s why we`re more
favorably disposed on an Intel or Applied Materials (URL:
http://www.appliedmaterials.com/) .
ROMANS: What do you think about EMC? That is our stock of the day today.
WHITE: That`s one where they do have a very good and solid competitive
position, although the-it is dwindling a bit. Again, uncertainty in demand.
If the storage sector is going to work longer term-and we believe it is-you
can buy the stock today, come back to it in three or four years and be happy
you bought it today. Unfortunately, there aren`t probably 3 percent of the
people who are watching this show right now, that have a time frame of three
to five years. So we think it`s a good holding in the portfolio longer term,
but we`d say there are probably better opportunities to buy it here if you
already own some. Add to it on bad days are because longer term, this is one
of the names that`s a winner.
ROMANS: OK. Just for the record, your picks are Wal*Mart (URL:
http://www.wal-mart.com/) , Cummins Engine (URL: http://www.ml.com/) .
Charles White, Avatar Associates. Thanks so much.
WHITE: Your welcome.

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

USA: NewPower beats its expectations, reaffirms 2001 view.

05/10/2001
Reuters English News Service
(C) Reuters Limited 2001.

PURCHASE, N.Y., May 10 (Reuters) - U.S. retail power provider NewPower
Holdings Inc. posted a first-quarter loss narrower than it expected on
Thursday and reaffirmed its outlook for the year.
The company, the parent of The New Power Co., a provider of electricity and
natural gas to residential and small commercial customers, reported a net
loss of $50.2 million, or 86 cents per basic and diluted share. The company
had forecast a loss of 88 to 95 cents a share. Revenues were $126 million for
the first quarter.
The company forecast a second-quarter net loss of $52 million to $56 million,
or 89 cents to 96 cents a share, on revenues between $70 and $75 million.
NewPower reiterated its forecast that 2001 revenues would be between $530
million and $540 million. The company still expects the net loss for 2001 to
be between $210 million and $215 million, or between $3.61 and $3.70 per
share. Analysts had expected a loss of $4.21 a share, according to research
firm Thomson Financial/First Call.
"NewPower continues to forge ahead with its growth strategies as demonstrated
by delivering on key financial metrics, net revenue, gross margin and energy
delivered," said President and Chief Executive H. Eugene Lockhart.

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

NewPower Has Narrower-Than-Expected 1st-Quarter Loss (Update1)
2001-05-10 16:35 (New York)

NewPower Has Narrower-Than-Expected 1st-Quarter Loss (Update1)

     Purchase, New York, May 10 (Bloomberg) -- NewPower Holdings
Inc., a venture formed last year by Enron Corp., had a narrower
loss than it projected in the first quarter on sales of power and
natural gas to homes and small businesses.
     The loss was $50.2 million, or 86 cents a share. NewPower had
forecast a per-share loss of 88 cents to 95 cents, spokeswoman
Gael Doar said. Revenue was $126 million, more than the company
expected.
     NewPower, which sold shares to the public in October,
competes for sales in Pennsylvania, Texas, Georgia and other
states with deregulated retail-energy markets. The Purchase, New
York-based company expects to have 1.2 million customers by the
end of this year.
     The company sees revenue of $70 million to $75 million in the
second quarter because of lower seasonal demand for power and gas.
It sees a second-quarter loss of $52 million to $56 million, or 89
cents to 96 cents a share, which is better than it expected.
     NewPower still projects a loss of $210 million to $215
million, or $3.61 to $3.70 a share, this year on revenue of $530
million to $540 million.
     NewPower had a fourth-quarter loss of $57.5 million, or $1.02
a share, on revenue of $64.7 million.
     Houston-based Enron, the largest energy trader, owns about 24
percent of NewPower. Enron, which sells power and gas to utilities
and large energy users, is NewPower's biggest shareholder.
     Shares of NewPower fell 47 cents to $9.03. They have fallen
57 percent since the stock sale.


Dan,

You and Greg are dining w/Greg Brady, President of I2 & Mark Skoda, CEO of
Freight Matrix @ 7:00p.m. tomorrow night.

   McCormick & Schmick's Seafood (713-840-7900)
   1151 Uptown Park Blvd
   (between San Felipe & 610 Loop - Galleria Area)
   Reservation under: Whalley

Liz


I don't even know what they're doing to this area!  Maybe this is for new
offices.  SS
---------------------- Forwarded by Sara Shackleton/HOU/ECT on 08/25/99 10:07
AM ---------------------------

Robin M Jordan
08/25/99 09:57 AM
To: Becky Tlucek/HOU/ECT@ECT, Alan B Aronowitz/HOU/ECT@ECT, Joya
Davis/HOU/ECT@ECT, Gareth Bahlmann/HOU/ECT@ECT, Joyce Dorsey/HOU/ECT@ECT,
Peggy Banczak/HOU/ECT@ECT, Jenny Helton/HOU/ECT@ECT, Sandi M
Braband/HOU/ECT@ECT, Pat Radford/HOU/ECT@ECT, Teresa G Bushman/HOU/ECT@ECT,
Sheri L Cromwell/HOU/ECT@ECT, Bob Carter/HOU/ECT@ECT, Michelle
Cash/HOU/ECT@ECT, Twanda Sweet/HOU/ECT@ECT, Harry M Collins/HOU/ECT@ECT,
Wende Warren/HOU/ECT@ECT, Mary Cook/HOU/ECT@ECT, Shonnie Daniel/HOU/ECT@ECT,
Peter del Vecchio/HOU/ECT@ECT, Brenda Whitehead/HOU/ECT@ECT, Stacy E
Dickson/HOU/ECT@ECT, Linda J Noske/HOU/ECT@ECT, Shawna Flynn/HOU/ECT@ECT,
Barbara N Gray/HOU/ECT@ECT, Mark E Haedicke/HOU/ECT@ECT, Jeffrey T
Hodge/HOU/ECT@ECT, Dan J Hyvl/HOU/ECT@ECT, Monica Jordan/HOU/ECT@ECT, Daniel
Lyons/HOU/ECT@ECT, Suzanne Adams/HOU/ECT@ECT, Travis McCullough/HOU/ECT@ECT,
Janice Moore/HOU/ECT@ECT, Janet H Moore/HOU/ECT@ECT, Kristina
Mordaunt/HOU/ECT@ECT, Julia Murray/HOU/ECT@ECT, Gerald Nemec/HOU/ECT@ECT,
Doug Pedigo/HOU/ECT@ECT, Michael A Robison/HOU/ECT@ECT, Elizabeth
Sager/HOU/ECT@ECT, Richard B Sanders/HOU/ECT@ECT, Lance Schuler-ECT
Legal/HOU/ECT@ECT, Sara Shackleton/HOU/ECT@ECT, Shari Stack/HOU/ECT@ECT,
Carol St Clair/HOU/ECT@ECT, Mark - ECT Legal Taylor/HOU/ECT@ECT, Sheila
Tweed/HOU/ECT@ECT, Erica Braden/HOU/ECT@ECT, Stephen W Van
Hooser/HOU/ECT@ECT, Ann Elizabeth White/HOU/ECT@ECT, Stuart
Zisman/HOU/ECT@ECT, Wayne Gresham/HOU/ECT@ECT, Claudia Meraz/HOU/ECT@ECT,
Reginald Shanks/HOU/ECT@ECT, Genia FitzGerald/HOU/ECT@ECT, Nony
Flores/HOU/ECT@ECT, Susan Flynn/HOU/ECT@ECT, Linda R Guinn/HOU/ECT@ECT, Marie
Heard/HOU/ECT@ECT, Ed B Hearn III/HOU/ECT@ECT, Mary J Heinitz/HOU/ECT@ECT,
Tana Jones/HOU/ECT@ECT, Deb Korkmas/HOU/ECT@ECT, Mary Ogden/HOU/ECT@ECT,
Debra Perlingiere/HOU/ECT@ECT, Robert Walker/HOU/ECT@ECT, Kay
Young/HOU/ECT@ECT, Roger Balog/HOU/ECT@ECT, Linda J Simmons/HOU/ECT@ECT, Lou
Stoler/HOU/ECT@ECT
cc:
Subject: Reconstruction of Clerical Area

 During   the  construction of the clerical area the clerks will do their
best to continue to function in a normal manner.  The fax machines will be
located in EB3837A  (cubicle area in front of Suzanne Adams).    There should
be no interruptions in the fax lines per the Telephony Services.  Office
supplies will also be boxed and stored in various areas throughout the
floor.  There will be 2  phones  and computers available to the clerks.
Reginald will be located at EB3808B x39288 and Tim and Kenneth will be
located at EB3808B x31459.

 This may  cause time delays on various functions of the clerks:

Faxes being sent, received, copied and delivered in a timely manner;
ASAP deliveries/pickups/courier outgoing/incoming/scheduled and unscheduled
daily runs to Allen Center;
Telephone accessibility will be limited;
Space preparation for large ASAP copy jobs;
Availability of clerks when needed;
Accessibility/ordering of office supplies;
Mail being sorted and distributed in a timely manner.

 This will begin today Wednesday,  August 24th, and probably will not be
finished until Wednesday,  September 1st.   We apologize for  any
inconvenience this may cause.


This is the negative CTC claim.  Transmission and other charges we owe have been set off; ie this is a net amount and the gross CTC is much larger- on the order of $900MM.  Decision to use or not is not final in Enron; keep confidential.  The potential witness would be Wanda Curry.  Thanks,  Ray

---------------------- Forwarded by Ray Alvarez/NA/Enron on 08/10/2001 06:30 PM ---------------------------
From:	Wanda Curry/ENRON@enronXgate on 08/10/2001 12:40 PM CDT
To:	Ray Alvarez/NA/Enron@ENRON
cc:

Subject:	Attached file


Looks good to me. Nice job Elizabeth.

 -----Original Message-----
From: 	Brown, Elizabeth
Sent:	Tuesday, January 29, 2002 11:33 AM
To:	Rapp, Bill; Kilmer III, Robert; Watson, Kimberly; Donoho, Lindy; Kowalke, Terry
Cc:	Corman, Shelley
Subject:	TW FERC Subpoena (CPUC v El Paso)
Importance:	High

Based on our meeting last Friday and clarification with El Paso's attorneys regarding the data being requested, please find the attached documents in response to the above subpoena dated January 22, 2002.  If you have any questions, please let me know.  Bill Rapp will be putting together Transwestern's response along with the data provided below.

 << File: EP_1.doc >> 		 << File: EP_2.doc >> 		 << File: EP_3.doc >> 		 << File: EP_4.doc >>

 << File: EP1_item1.xls >> 		 << File: EP1_item2.xls >> 		 << File: EP1_item3.xls >>

Thanks,
Elizabeth
x3-6928


Steve  Here  are my slides  and  a copy of  the  text  regards  Margaret


yes

	Jeff Dasovich
	Sent by: Jeff Dasovich
	03/13/2001 12:10 PM

		 To: skean@enron.com
		 cc:
		 Subject: Re: Fellow referred to me by Ken Lay

Steve:
Based on the note from Rosalee, and if you agree, I'm going to assign low
priority to the issue.

Jeff

	Rosalee Fleming
	03/13/2001 08:46 AM

		 To: Steven J Kean/NA/Enron@Enron, Jeff Dasovich/NA/Enron@Enron
		 cc: Vanessa Groscrand/Corp/Enron@ENRON
		 Subject: Re: Fellow referred to me by Ken Lay

Hi Steve and Jeff -

This was a cold call to Ken that Vanessa took while we were in Exec. Comm.
meeting.  She had asked Ginger who to refer him to as it was CA. and she
mentioned Jeff.  Please only call if there is any interest.

Rosie

From: Steven J Kean on 03/12/2001 04:46 PM
To: Jeff Dasovich/NA/Enron@Enron
cc: Vanessa Groscrand/Corp/Enron@ENRON, Rosalee Fleming/Corp/Enron@ENRON
Subject: Re: Fellow referred to me by Ken Lay

It was not mentioned to me.  I'm copying rosie and vanessa to find out if
this was a simple referral (in which case you should keep the work to a
minimum -- return the call, but don't get distracted from your other efforts)
or whether Ken is especially interested in this and wants us to follow
through.

	Jeff Dasovich
	Sent by: Jeff Dasovich
	03/12/2001 03:54 PM

		 To: skean@enron.com
		 cc:
		 Subject: Fellow referred to me by Ken Lay

Just got a call from a fellow named Jame Edgerly at the Enterprise Zone,
Inc.  He told me that Ken Lay (through Ken's secretary Vanessa) referred me
to him.  He is very interested in getting us to help him work with the
Legislature to establish an "Enterprise Zone" energy tariff to encourage
investment in California's Enterprice Zones.  Before I launch on the effort,
just wanted to check in and see if this rings a bell with you.  Thanks.

Best,
Jeff


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Who is authorized to sign on behalf of this company?

Thanks,

Kay


Please find attached the EEOS / NEPCO weekly project update for week ending November 9, 2001.

If you have any questions, you can call me at (713) 646-6106.

Mark


FYI:  The PML valuation process resulted in incremental "value" which can be
taken into income.  I told Juanita and Andrea that it would be ridiculously
imprudent to take any more income.  Andrea and her analytics staff tend to
agree with me but Delainey is on to it and will likely push to take it.  I
told Ondarza and Delainey that I will not sign off on it.  Without my
signature, Delainey may end up calling you.  ENA has a Q4 hole that Cliff is
trying to fill.  The income that ENA may try to squeeze from PML is
US$2-4MM.

On a related matter, Paul wants to take over the Board responsibilities (and
overall management) of the deal.  Paul is comfortable with the value
recognized to date, and agrees with us that we should not take any more.
Given the related income form energy management (C$500M) and financial
advisory fee (approx C$1,500M), I think it is a good thing for Enron Canada
to manage.


- Response to DSI Motion for Evidentiary Hearing.doc


-----Original Message-----
From: 	Clyatt, Julie   On Behalf Of Oxley, David
Sent:	Wednesday, January 23, 2002 4:47 PM
To:	Abraham, Sunil; Agarwalla, Dipak; Anderson, Bridgette; Anderson, Clinton; Anderson, Diane; Arora, Harry; Aune, Stacey A.; Bailey, Debra; Ballato, Russell; Baughman Jr., Don; Bayer, Adam; Becker, Lorraine; Beltri, Angeles; Benchluch, Moises; Benson, Robert; Bosse, Kevin; Broderick, Paul J.; Brown, Sarah; Burk, Bart; Campos, Sylvia A.; Carson, Mike; Carter, Carl; Cason, Sharen; Choate, Heather; Clark, Claudia; Cline, Kevin; Colwell, Wes; Davis, Mark Dana; Dawson, Sherry; Day, Misti; Denny, Jennifer; Denton, Rhonda L.; Dewett, Laura; Diamond, Daniel; Eastwood, Anne; Elledge, Susan; Ellis, Kelly; Engel, Tom; Errigo, Joe; Falik, Brian; Fischer, Jason; Forster, David; Garcia, Miguel L.; Gaskill, Chris; George, Fraisy; Gilbert-smith, Doug; Giron, Gustavo; Gray, Mary Griff; Greene, Tracy; Gruesen, Karen; Guerra, Ricardo; Gupta, Gautam; Hardy, Stacy; Hare, Bill D.; Harris, Kim; Harris, Paula; Hernandez, Lorie; Hillis, Kimberly; Hodges, Georgeanne; Hunter, Larry Joe; Imai, Rika; Indelicato, Kimberly; Irvin, Tracey; Jafry, Rahil; Johnson, Adam; Johnston, Robert; Kacal, Lynna; Kaniss, Jason; Killen, Faith; King, Jeff; Lees, Lisa; Lieskovsky, Jozef; Lozano, Melba; Makkai, Peter; Mandola, Teresa; Marquez, Mauricio; Mcquade, Jennifer; Meredith, Kevin; Metoyer, Evelyn; Misra, Narsimha; Moore, Kathy M.; Moorer, Torrey; Motsinger, Matt; Murphy, Melissa; Myers, Donnie; Neuner, Dale; Neves, Brenna; Oh, Seung-Taek; O'Malley, Justin; Padron, Juan; Philip, Willis; Pimenov, Vladi; Piwetz, Stephanie; Plachy, Denver; Presto, Kevin M.; Renaud, Lindsay; Rogers, Benjamin; Rosado, Jennifer; Rust, Bill; Saibi, Eric; Schiavone, Paul; Schneider, Bryce; Sever, Stephanie; Shah, Kal; Shults, Bob; Slone, Jeanie; Stalford, Robert; Stevens, Mechelle; Sturm, Fletcher J.; Suarez, John; Sweitzer, Tara; Theriot, Kim S.; Thomas, Paul D.; Tucker, Patrick; Valdes, Maria; Wagner, Joseph; Walker, Chris; Wallumrod, Ellen; Wang, Steve; Will, Lloyd; Williams, Ryan; Yawapongsiri, Virawan
Subject:	 URGENT - REQUIRES IMMEDIATE ACTION - UBS Orientation tomorrow @The Houstonian

Date: Thursday, January 24, 2002

Location: The Houstonian Hotel

Orientation will be split into two sessions and divided by alpha-order. Sessions will run 10am-1pm and 2pm-5pm.

We encourage all of you to attend your designated session as valuable information will be presented, and you will have the opportunity to get answers to your questions.

You will need to bring your Enron ID card or drivers license.

You can speed things up tomorrow by filing in the attached forms - alternatively you can complete them there tomorrow

10am Session   Letters A- K

2pm Session Letters L-Z

Registration will be outside of the Juniper Room.

Bus Transportation

Buses will depart from the Java Plaza area on the ground floor of the north building at:

First session 				Second session
8:45am-9am				12:45pm-1pm


Here are the 3 99's that can be posted on to dealbench.
Ben


When do you want to come?  The wife and I are expecting you and Richter this week.
I will be working some nasty hours this week due to the new market opening.

Let me know.....

JMF

 -----Original Message-----
From: 	Stokley, Chris
Sent:	Monday, July 30, 2001 3:32 PM
To:	Forney, John M.
Subject:	PARTY AT JOHN'S PALACE

So when do I get to see the Palace?


Deskheads:

After this week I was going to discontinue lunches other than bidweek for everyone except EOL traders.  There are too many people going downstairs to get their lunch and your cost center is being charged daily whether people eat or not.  I have had a couple of you approach me that you still would like for your groups to be included in daily lunches.  Please email me by tommorrow and let me know if you would like to continue.   For those that do not, I will notify your groups that this Wednesday will be the last day for their groups to eat.

Thank you,
Ina Rangel
Administrative Coordinator
Enron North America
713-853-7257 Voice
713-646-3604 Fax


-----Original Message-----
From: Dennis Dossey [mailto:top@treatyoakpress.com]
Sent: Thursday, March 15, 2001 12:52 AM
To: Sherry Casella; Ram Tackett; Karen & Jack Millikan
Subject: [Fwd: Two Prayer Requests]

W request from Mladen.  Please remember these.

Dennis Dossey

From: "Mladen Jovanovic" <mladen.jovanovic@zg.tel.hr>
To: "A-NEWS TO USA" <mladen.jovanovic@zg.tel.hr>
Subject: Two Prayer Requests
Date: Thu, 15 Mar 2001 04:59:54 -0600
Message-ID: <B6D65D69.161F%mladen.jovanovic@zg.tel.hr>
MIME-Version: 1.0
Content-Type: multipart/alternative;
boundary="----=_NextPart_000_0008_01C0AD2F.A3F34070"
X-Mailer: Microsoft Outlook CWS, Build 9.0.2416 (9.0.2911.0)
X-MimeOLE: Produced By Microsoft MimeOLE V5.50.4133.2400

Dear Christian friends,

Greetings in the name of our Lord Jesus!

We have two very urgent prayer requests. Our dear friend and a brother, David
Gatewood, the son of late Otis Gatewood, has been recently diagnosed a
pancreas cancer. David and his wife Sandy were two of the first people who
introduced Dragica and me to Christ and His Church over thirty years ago. In
1969 they came to Croatia (Yugoslavia at that time), as missionaries, with
another couple, Bud and Beverly Pickl. In order to get their resident visas,
they enrolled in a Croatian language study program. I was their professor at
that time, and we became very good and close friends. David and Sandy have
been connected with the Lord@s work in Croatia for all these years. Before
leaving Croatia in 1972, they adopted a little Croatian girl, whom they
raised with much love. She is a married woman now, and lives in Colorado
Springs. David and Sandy made several trips to Croatia during the war, and
David taught seminars on post-war traumatic experiences and the value of a
family. Your prayers will be greatly appreciated by many in Croatia who love
David dearly.

Also, please, put me (Mladen) on your prayer list. For several months now
I?ve been having some prostate problems. Ten days ago my doctor requested a
biopsy, and I am anxiously waiting to get the results this coming Monday.
Dragica and I believe God listens and hears ?prayers of His people.

Please, join the Church in Croatia with your prayers.

Yours in His love and mercy,

Malden and Dragica Jovanovic


test

Mark McConnell
Transwestern Pipeline Company
713-345-7896   office
713-822-4862   cell
713-646-2551   fax
mark.mcconnell@enron.com


FYI: Several errors like 'brokering' in the report but given the fact that
the guy had no clue what Enron does or companies like it do, this came out
okay.  In all of the PR group's marketing effort, Enron as a Market-Maker is
the message.

Ravi.

----- Forwarded by Ravi Thuraisingham/Enron Communications on 02/05/01 10:54
AM -----

	Shelly Mansfield
	02/05/01 10:49 AM

		 To: Ravi Thuraisingham/Enron Communications@Enron Communications
		 cc:
		 Subject: Computerworld Article

Shelly Mansfield
Enron Broadband Services
713-853-4589 office
713-646-8887 fax
877-929-7889 pager
713-303-4720 cellular

----- Forwarded by Shelly Mansfield/Enron Communications on 02/05/01 10:51 AM
-----

	Norman Levine
	02/05/01 10:08 AM

		 To: Shelly Mansfield/Enron Communications@Enron Communications
		 cc:
		 Subject: Computerworld Article

Following is the Computerworld Article:

Link:
http://www.computerworld.com/cwi/stories/0,1199,NAV47-68_STO57177,00.html

Enron seeks to broker storage deals between users, SSPs

By LUCAS MEARIAN

While technology service providers have long been talking about data storage
as a utility that should be sold in the open marketplace like electricity or
natural gas, little has been done to pool market resources in order to hawk
surplus disk-array capacity.
But that's exactly what a subsidiary of Houston-based energy and
communications conglomerate Enron Corp. is doing by launching a
business-to-business exchange that it said will seek to match spare capacity
owned by storage service providers (SSP) with corporate users who want to be
able to quickly scale up and down the amounts of storage they have available.
Enron Broadband Services this week announced that it has already signed a
deal with Waltham, Mass.-based StorageNetworks Inc. and is negotiating
similar agreements with at least six other SSPs. If successful, analysts
said, Enron's business proposition could go far toward generating a set of
operating standards for the emerging SSP business.
"It's a market with mix of small and large players and companies that define
their roles differently," said Ken Weilerstein, an analyst at Gartner Group
Inc. in Stamford, Conn. Enron's plan also could help enterprise-level users
get additional benefits along with the storage capacity they're renting, such
as security and disaster recovery support, he added.
Ravi Thuraisingham, director of global bandwidth risk management at Enron
Broadband Services, said the new offering won't include additional security
features. But Enron does plan to standardize on a set of SSP services and
bundle them with disaster recovery and communications bandwidth capabilities,
he said.
Initially, Enron -- which had total revenue of $101 billion last year --
expects to charge users monthly fees of $25 to $55 per gigabyte of managed
storage, depending on market conditions and the length of time a company
expects to need the capacity. "We're there to try to discover a market
clearing price," said Thuraisingham, adding that the service is tentatively
due to go online in the third quarter.
Enron said it has already signed Best Buy Co., one of the leading retailers
of consumer electronics, computers and software in the U.S., to buy the
storage capacity it needs to support a customer relationship management
application through StorageNetworks. Connecting users such as Best Buy to
available storage could take anywhere from three days to three months,
according to Thuraisingham.
Under Enron's plan, storage capacity owned by participating SSPs will be
connected to an existing network of switching hubs through which the company
currently trades telecommunications bandwidth. Enron said it has 18 switching
centers, or "pooling points," in the U.S., and another seven overseas.
At first, the company plans to focus its attention on SSPs in Boston and
other metropitan areas where the necessary networking plumbing can be easily
installed. But even there, Thuraisingham said, Enron is "pretty much in the
initial stages of getting SSPs up to speed on what the market is about."
Enron has been managing online trades of telecommunications bandwidth since
the spring of 1999. Later that year, it also launched a Web site called
EnronOnline that oversees the trading of natural gas, electricity and other
commodities. That quickly became the world's largest e-commerce site and is
now said to be processing more than $1 billion worth of transactions daily.

Norman Levine
Enron Broadband Services
713-853-5010
norman_levine@enron.net


As you will note from the attached e-mail, Bernard Glatzer is now pro se. It
is only a matter of time until the case is over.
----- Forwarded by Richard B Sanders/HOU/ECT on 01/09/2001 07:21 AM -----

	"Neal S. Manne" <NMANNE@SusmanGodfrey.com>
	01/08/2001 09:11 AM

		 To: "RSanders (E-mail)" <Richard.B.Sanders@Enron.com>, "Steve Schindler
(E-mail)" <sschindler@schlaw.com>, "Jonathan J. Ross"
<JROSS@SusmanGodfrey.com>
		 cc: Katie Sammons <KSAMMONS@SusmanGodfrey.com>, "H. Lee Godfrey"
<LGODFREY@SusmanGodfrey.com>
		 Subject: Bernard Glatzer

I am pleased to report to you that I received a fax on Sunday from Bernard
Glatzer reading as follows:

"Andrew Hayes and Boies, Schiller & Flexner were discharged by me for
obvious cause two and one half weeks ago in the above entitled matters, but
have not yet filed the appropriate withdrawals pursuant to my specific
instructions.  Until further notice please direct all correspondence and
communications to me at 2707 Creston Ave.' #2F, Bronx, New York 10468 or at
(718) 584-3998 (Tel. & Fax)."

Is that great sucking sound Andy Hayes notifying his carrier?

Neal S. Manne
(713) 653-7827
nmanne@susmangodfrey.com