Greetings all-
Just a quick reminder about the winter reception tomorrow (details below).  If you haven't already contacted me to RSVP, please do so at 888.426.4723 or kippi.griffith@bus.utexas.edu.
The Cotton Exchange
808 Franklin
713.236.0499
Thursday, January 10
6-9 PM
Details: Appetizers and cash bar
See you there!
Kippi
Kippi Griffith
Assistant Director of Alumni Relations
McCombs School of Business
Graduate Business Network
ph 512.232.1717
fx 512.471.4131
website: http://texasmba.bus.utexas.edu/gbn/


Ava, where are we on training?  Are we OK for end of month billing?  THanks. Lynn
---------------------- Forwarded by Lynn Blair/ET&S/Enron on 06/21/2001 04:35 PM ---------------------------
From:	Ricki Winters/ENRON@enronXgate on 06/20/2001 02:22 PM
To:	Ava Garcia/ET&S/Enron@Enron, Alma Carrillo/ENRON@enronXgate
cc:	Glenn Lewis/ENRON@enronXgate, hou1vlm@ups.com@SMTP@enronXgate, Lynn Blair/ET&S/Enron@ENRON

Subject:	FW: How to use UPS for shipping on the internet

Ava & Alma, since I don't know what day's I will be in the office, I have decided to let the two of you set the date on the UPS on-line training.

There is a catch,,,,,,,,, if I miss the overview, you will have to train me....

Ava, would you please reply to Lewis and Verna and let them know what is convenient for you, since you have Reservation Invoices going out next week.

Thank you,
Ricki

 -----Original Message-----
From: 	"MOLANDES VERNA L. (HOU1VLM)" <hou1vlm@ups.com>@ENRON [mailto:IMCEANOTES-+22MOLANDES+20VERNA+20L+2E+20+28HOU1VLM+29+22+20+3Chou1vlm+40ups+2Ecom+3E+40ENRON@ENRON.com]
Sent:	Wednesday, June 13, 2001 10:22 AM
To:	Winters, Ricki
Subject:	How to use UPS for shipping on the internet

Ricki,
Attached is the information we talked about.
The UPS account number to all of Enron in Houston (downtown) is 726110.
If you have any questions, please call me at 281-847-6769 or 800-432-2877.
Thanks,
Verna Molandes
United Parcel Service
Major Account Associate

 <<Houston FAQ's1.doc>>  <<Internet Ship 31__.doc>>

 - Houston FAQ's1.doc
 - Internet Ship 31__.doc


PRESENTATIONS THAT WORK
   August 29 & 30 in EB560

     Does your job include preparing and delivering presentations? . . . . .
. .  Then this course is for you!

This course focuses on instruction and practice in organization, delivery
skills, design tips and use of visuals effectively (powerpoint and overhead),
and question-and-answer models.  Participants will receive personalized,
confidential feedback from the instructor and will develop a self-improvement
action plan.  Customized exercises give participants first-hand experience in
one-on-one, small groups, impromptu, and sit-down settings.

For registration, please click here () to go directly into the Development
Center "Ernie", or call 3-0357.


I placed the paper tickets - yellow copies in the bin on 32 Thursday
afternoon.  Do you want me to place another copy in there now?  Thanks for
your help.
PL


Mark Fischer
deal 461972
error:  Prebon does not recognize this deal.


Please set up a call for Fri afternoon
----- Forwarded by Richard B Sanders/HOU/ECT on 04/19/2001 12:55 PM -----

	Richard B Sanders
	04/19/2001 12:48 PM

		 To: "Harry Olivar" <hao@quinnemanuel.com>@ENRON
		 cc: "A William Urquhart" <awu@quinnemanuel.com>, Christian.Yoder@enron.com,
gfergus@brobeck.com, "Kristen Bird" <kb@quinnemanuel.com>, "Michael Lifrak"
<mtl@quinnemanuel.com> Steve.C.Hall@enron.com
		 Subject: Re: Fwd: CHARGEBACK CASE

Harry---Please find out exactly what they are filing---get a copy of it if
possible and lets set up a conference call to discuss.

	"Harry Olivar" <hao@quinnemanuel.com>
	04/17/2001 01:17 PM

		 To: <gfergus@brobeck.com>, <Christian.Yoder@enron.com>,
<Richard.B.Sanders@enron.com>, <Steve.C.Hall@enron.com>
		 cc: "A William Urquhart" <awu@quinnemanuel.com>, "Kristen Bird"
<kb@quinnemanuel.com>, "Michael Lifrak" <mtl@quinnemanuel.com>
		 Subject: Fwd: CHARGEBACK CASE

Richard - please let us know if it makes sense for us to file anything in
connection with this motion.  (I would think probably not.)  Also, any luck
in getting the PX to set forth its position regarding release of collateral
in writing?
Content-Transfer-Encoding: 7bit
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From: "Williams, Marc" <MaWilliams@OMM.com>
To: "'Ronald Carroll'" <rcarroll@bracepatt.com>, jmcgrane@morganlewis.com,
HES@vnf.com
cc: david.meyer@avistacorp.com, nolan.steiner@avistacorp.com,
rich.stevens@avistacorp.com, dvermillion@avistaenergy.com, "Andrea Settanni"
<asettanni@bracepatt.com>, "Dan Watkiss" <dwatkiss@bracepatt.com>, "Kimberly
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andrzej_kabarowski@cargill.com, psteele@coral-energy.com,
rreilley@coral-energy.com, cyoder@enron.com, jhartso@enron.com,
michael.tribolet@enron.com, richard.b.sanders@enron.com,
Ebiery@fulbright.com, fyanney@fulbright.com, tfreiberg@fulbright.com,
jfrizzell@gibbs-bruns.com, sbishop@gibbs-bruns.com, CEKLUND@LLGM.COM,
DWHITLEY@LLGM.COM, EHUFF@LLGM.COM, JKLAUBER@LLGM.COM, JRNELSON@LLGM.COM,
gerspamer@mofo.com, kirvin@mofo.com, kzeitlin@mofo.com, Pmar@mofo.com,
rloeffler@mofo.com, mgriffen@morganlewis.com, "Currey, Brian"
<BCurrey@OMM.com>, "Stamper, John" <JStamper@OMM.com>, "Williams, Marc"
<MaWilliams@OMM.com>, Andrew.Haller@PacifiCorp.com,
john.fryer@PacifiCorp.com, hydeefeldstein@paulhastings.com,
Timothy.Bolden@pinnaclewest.com, dmperlman@powersrc.com,
rosteen@powersrc.com, hao@quinnemanuel.com, dgarber@sempra.com,
wdsmith@sempra.com, rbeitler@sempratrading.com, PARAMFJORD@stoel.com,
rcjosephson@stoel.com, SJKAPLAN@stoel.com, awells@strook.com,
ayudkowsky@strook.com, CFR@vnf.com, GDB@vnf.com, JRR@vnf.com,
"'jenniferbaldocchi@paulhastings.com'" <jenniferbaldocchi@paulhastings.com>,
"'murphyb@hbdlawyers.com'" <murphyb@hbdlawyers.com>
Subject: CHARGEBACK CASE
Date: Tue, 17 Apr 2001 11:23:56 -0700
Return-Receipt-To: "Williams, Marc" <MaWilliams@OMM.com>
MIME-Version: 1.0
X-Mailer: Internet Mail Service (5.5.2650.21)
X-WSS-ID: 16C2580A618623-01-01
Content-Type: text/plain;  charset=iso-8859-1

SDG&E is planning to file a motion in Judge Moreno's court requesting an
Order vacating (as moot) paragraph 6 of the Preliminary Injunction (which
permits participants to withhold amounts previously paid in charge-backs
from payments owing to the PX in connection with the normal invoicing
process) and stating that SDG&E is entitled to the amounts it has withheld
pursuant to paragraph 6.  SDG&E will argue that FERC clearly ordered the
charge-backs to be rescinded, and accordingly, that the reason for the
escrow no longer applies.

Please let us know whether you have any comments and/or would like to join
in this motion.

Marc Williams
for O'Melveny & Myers LLP
400 South Hope Street
Los Angeles, CA 90071-2899
tel (213) 430-6161
fax (213) 430-6407
mawilliams@omm.com

* * *
This message and any attached documents contain information from the law
firm of O'Melveny & Myers LLP that may be confidential and/or privileged.
If you are not the intended recipient, you may not read, copy, distribute,
or use this information.  If you have received this transmission in error,
please notify the sender immediately by reply e-mail and then delete this
message.


Good job.  Now what price should we bill EES.

Elizabeth L Hernandez
06/22/2000 03:19 PM
To: Chris Germany/HOU/ECT@ECT
cc:
Subject: Re: EES pricing issue

Deal 225818 is a deal that was copied from deal 113293 and looks like we have
been invoice EES at NX1 + .235 since 10/99.  If you have any other questions
please get with me.

Chris Germany
06/22/2000 01:20 PM
To: Elizabeth L Hernandez/HOU/ECT@ECT, Rhonda Smith/HOU/EES@EES
cc:
Subject: EES pricing issue

ENA is selling EES gas on CGAS.  Sitara deal #225818.  EES is showing a price
of $3.347 for May production and we are billing them $3.324, which price is
correct?

Thanks


----- Forwarded by Jeff Dasovich/NA/Enron on 12/26/2000 11:08 AM -----

	JMB <JBennett@GMSSR.com>
	12/22/2000 06:28 PM

		 To: "'jdasovic@enron.com'" <jdasovic@enron.com>, "'msmith1@enron.com'"
<msmith1@enron.com>
		 cc:
		 Subject: FW: RULING FOR HEARINGS ON 12/27 AND 12/28

-----Original Message-----
From: Minkin, Angela K. [mailto:ang@cpuc.ca.gov]
Sent: Friday, December 22, 2000 4:07 PM

Subject: RULING FOR HEARINGS ON 12/27 AND 12/28

Parties, attached is the promised ruling that provides procedural guidance
for the hearings on 12/27 and 12/28.  The ruling will also be posted on the
web site as quickly as possible.

Thank you for your patience and I hope you can take a few moments to enjoy
the holidays.

--Angela Minkin
Administrative Law Judge

<<1%P701!.doc>>


You need to discuss this with the East Desk.  See if Tetco allocated the vol
to their contract.

D

Jackie Young
07/11/2000 09:07 AM
To: Daren J Farmer/HOU/ECT@ECT
cc:
Subject: 98-6892 (Sitara Deal 319063)

The above deal is a DD deal effective 7/1/2000-7/5/2000.  Can the deal be
extended to the 6th to cover flow of .803 decatherms?

We've not yet received the OBA from TETCO yet.

Thanks
-Jackie-
3-9497


FYI
---------------------- Forwarded by Sara Shackleton/HOU/ECT on 09/17/99 04:54
PM ---------------------------
From: Bruce Harris@ENRON_DEVELOPMENT on 09/17/99 04:31 PM
To: Gary Hickerson/HOU/ECT@ECT, Joe
Kishkill/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: Harry Arora/HOU/ECT@ECT, Sara Shackleton/HOU/ECT@ECT, Kaye
Ellis/HOU/ECT@ECT, Bruce Harris/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Lynn
Aven/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Robert H
George/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Kent
Castleman/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Pushkar Shahi/HOU/ECT@ECT
Subject: Re: Products for Trading in Brazil.

Gary and Joe,

We should probably have a conference call sometime next week to discuss how
we want to proceed on the financial derivatives/trading side.  I have  a
number of concerns which I share here.

First, we do not have a tax-efficient entity in which to trade.  If we set up
a Brazilian limitada solely for the purpose of trading, and we lose money, we
will generate Brazil tax credits.  Enron already has at least $25M of these
credits and I think we want to try to limit the possibility of generating
additional credits going forward.  In addition, there is a possibility that
Enron Corp. may begin limiting the utilization of these credits, so one might
end up with minimal tax benefit if there was a loss (creating an asymetrical
trading payoff).  I was hoping we could trade out of Elektro, but Lynn
informs me that any gains in Elektro will be subject to both US and Brazil
taxation.

Second, to the extent that we do take tax risk in a limitada, we still need
to fund (and possibly) guarantee the limitada.  Currently, the only way to
fund the limitada without being exposed to a whole host of tax/FX issues is
through equity.  However, equity is difficult to repatriate (it would be
repatriated probably only as far as Cayman for tax reasons) and we are
subject to convertibility risk.  In addition, earnings in the company could
most likely only be repatriated via shareholder loans (dividends would be
subject to US tax), meaning that the cash would have to come back into Brazil
when the loan expired (and then it would be sent back out if there was no
convertibility event).

Third, trading stocks on the Bovespa may create Chinese Wall issues with
regards to our ongoing M&A and Financing activities.  In all likelihood, one
would be trading energy/telecom stocks.  Those companies are also the ones
with which the ESA origination teams are trying to do business.  We might be
able to create a Chinese Wall, but given the size of the ESA office (not big)
and the limited scope of our intended trading operation, we have to consider
whether it is worth potnetially limiting those core activities to spec. trade
(or consider what cost would be incurred to ceate a Chinese Wall).

The other two products--money markets and futures--can be traded (albeit in a
more limited fashion) offshore.   Because money market instruments can't be
shorted locally, they are really just passive investment vehicles (like a
bank CD) off of which one trades the interest rate via swaps.  That is, you
are shortening or lengthening your investment horizon based on one's
expectation of rates and continually earning either a higher or lower carry
than market.  Most of this type of trading can be done offshore through
credit-linked notes (including R$ CDI, R$ prefixed and USD fixed) and
short-term Brazil Bradys.  Currency futures of course can be traded via NDFs.

In sum, I think we need to better define the type of trades we will do and
where we are going to do those trades.  My hope is that we can define a
couple of products/ideas we want to implement now and then figure out in
which entity to house that activity.

I will try to set up a conference call for next week on this topic.

Regards,  Bruce

Sara Shackleton@ECT
09/17/99 11:39 AM
Sent by: Kaye Ellis@ECT
To: Harry Arora/HOU/ECT@ECT, Bob Crane/HOU/ECT@ECT, Bruce
Harris/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Gary Hickerson/HOU/ECT@ECT, Joe
Kishkill/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: Kaye Ellis/HOU/ECT@ECT

Subject: Products for Trading in Brazil.

Please review the attached memo to verify that I have identified all of the
products that you are interested in trading in Brazil.  I will be in Sao
Paulo on Monday, September 20, 1999.

Thank you,
Sara


My location is EB 3211D.

Thanks,

Eric

Natalie Wells@ENRON
03/27/2001 07:59 AM
To:	Eric Bass/HOU/ECT@ECT, Patrick Scales/NA/Enron
cc:
Subject:	Earth Day Tickets

For hand delivery of your tickets, please provide an Enron location.
If you prefer, we can Fed Ex your tickets to your home. There is an additional charge for this service.
Thanks,
Natalie


Kids are doing well... my boys turned 1 in September and running rampant
around our house... the rest of the family including myself are scared of
them.  Olivia turned 4 recently and has quite a British accent now... I
sometimes wonder where she came from.
Josee has her hands full at home right now and after a weekend I am more
than ready to return to the office for rest.
Markets have been choppy... my trading strategy over the past 2 months has
been very simple however.. as Randolph Duke said in the OJ futures pit on
Trading Places... SELL MORTIMER SELL.

Will send you a picture soon..
say hi to the wife for us.

PS-  took some clients up to play Turnberry in September for a few days...
what a peach, you would have LOVED it...

-----Original Message-----
From: Tycholiz, Barry [mailto:Barry.Tycholiz@enron.com]
Sent: 02 November 2001 13:34
To: Fildes, David
Subject: RE: How Our Economy and Others Progress (Using Cows As An
Example)

As always, would love to... How are the Kids?  If you have any new
pictures, pls e-mail. Our home address is ktycholiz@houston.rr.com.
Talk to you soon.  TIC

-----Original Message-----
From: Fildes, David [mailto:fildesd@phibro.com]
Sent: Friday, November 02, 2001 5:26 AM
To: Tycholiz, Barry
Subject: RE: How Our Economy and Others Progress (Using Cows As An
Example)

hang in there Tic
PS- you and the wife should come for a visit soon... I'll provide food
and
lodging even

-----Original Message-----
From: Tycholiz, Barry [mailto:Barry.Tycholiz@enron.com]
Sent: 01 November 2001 18:45
To: Fildes, David
Subject: RE: How Our Economy and Others Progress (Using Cows As An
Example)

Pls do not restrict my ability to kill my career.... the problem with me
sending this note internally is that they would probably want to hire
the writer of this note to help restructure some of our outstanding
agreements.

-----Original Message-----
From: Fildes, David [mailto:fildesd@phibro.com]
Sent: Thursday, November 01, 2001 9:10 AM
To: Cross, Darren; Tycholiz, Barry
Subject: FW: How Our Economy and Others Progress (Using Cows As An
Example)

In spite of it all, this is humourous... I suggest you do not forward
this
internally however...

DF

-----Original Message-----
From: Fisher, Billy
Sent: 01 November 2001 15:02
To: Fildes, David
Subject: FW: How Our Economy and Others Progress (Using Cows As An
Example)

Feudalism
You have two cows.
Your lord takes some of the milk.

----------

Fascism
You have two cows.
The government takes both, hires you to take care of them and sells you
the
milk.

----------

Pure Communism
You have two cows.
Your neighbours help take care of them and you all share the milk.

----------

Applied Communism
You have two cows.
You must take care of them, but the government takes all the milk.

----------

Totalitarianism
You have two cows.
The government takes them both and denies they ever existed. Milk is
banned.

----------

Pure Democracy
You have two cows.
You and your neighbours decide who gets the milk.

----------

Representative Democracy
You have two cows.
Your neighbours pick someone to tell you who gets the milk.

Mexican Democracy
You have two cows.
The government takes both and drafts you into the army.

----------

European Democracy
You have two cows.
The EU commission decides which regulations for feeding and milking
apply.
If
there aren't any, they invent some. They pay you not to milk the cows.
They take both cows, shoot one, milk the other and pour the milk down
the
drain.
They then require you to fill out forms accounting for the missing cows.

----------

American Democracy
The government promises to give you two cows, if you vote for it.
After the election, the president is impeached for speculating in cow
futures.
The press dubs the affair "cowgate," but supports the president.
The cows sue you for breach of contract.
Your legal bills exceed your annual income.
You settle out of court and declare bankruptcy.

----------

Capitalism
You have two cows.
You sell one and buy a bull.
Your herd multiplies, and the economy grows. You sell them and retire on
the
income.

----------

Enron Venture Capitalism
You have two cows.
You sell three of them to your publicly listed company, using letters of
credit
opened by your brother-in-law at the bank, then execute a debt/equity
swap
with
an associated general offer so that you get all four cows back, with a
tax
exemption for five cows.  The milk rights of the six cows are
transferred
via an
intermediary to a Cayman Island company secretly owned by the majority
shareholder who sells the rights to all seven cows back to your listed
company.
The annual report says the company owns eight cows, with an option on
one
more.

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Thank you for your response.  It is always refreshing to get good news!

"David Parr" <dparr@bracepatt.com> on 09/19/2000 05:12:46 PM
To: <kay.mann@enron.com>
cc: "Nancy Wodka" <nwodka@bracepatt.com>

Subject: Contractually Limiting Liability under Virginia Law

Kay:

Nancy Wodka asked me to research whether parties to a contract governed by
Virginia law may negotiate to limit their liability under such contract.  The
answer is yes.  Because the parties (within broad parameters) can make just
about whatever law they like so long as it doesn't violate public policy,
etc., Virginia freely allows limitation of liability clauses.  Of course, in
the case of fraud or material misrepresentation in inducement, etc., no court
would honor the clause, but that circumstance does not apply to us.

Please let me know if you need anything further.

David

D. David Parr, Jr., Esq.
Bracewell & Patterson, L.L.P.
2000 K Street NW, Suite 500
Washington, D.C.  20006-1872
202-828-5800 Telephone
202-857-2122 Facsimile


Catherine,

Could (Would) you do me the favor of arranging flight reservations for Mark
Fisher to travel to Mill Run PA on Wednesday next week?  He will need a car
and hotel reservations in addition to his flight arrangements.  His return
flight would be Friday morning.

Thanks,
Hollis


Brian:
Here is the presentation we put together for the banks and FPL Energy.  If
you have any questions please give me a call.  Thanks!
Ben
3-7998


Attention IT and Scheduling Personnel
Your participation is requested in the  Inter-SC Trade Adjustment Bid Market
Simulation.

As previously announced, the ISO has scheduled for the first week of October
1, 2000 the implementation of Inter-SC Trade Adjustment Bids.  Prior to this
implementation, a Market Simulation is being scheduled for all Market
Participants in order to provide for simulation on the use of this new
functionality.

Inter- SC Trade Adjustment Bid Market Simulation is scheduled to begin on
Tuesday, September 4, 2000.

The ISO will hold a kickoff meeting conference call on Thursday, August 31
from 2:00 - 3:00 p.m., to elicit participation and review the scope of this
Market Simulation.  During this conference call, we will also request
participants help in finalizing details of the Market Simulation Plan which
will be distributed to Market Simulation Participants by Friday.

All Market Participants are strongly urged to participate in this
simulation.

Please respond to Jill Powers at jpowers@caiso.com by 3:00 p.m. on Friday if
you intend to participate.  Please provide the name, phone number, and
e-mail address of your contact personnel.  It is suggested that this include
personnel that would be responsible for IT and Scheduling.

The attached document provides an agenda for Thursday Conference call and a
Proposed Market Simulation Schedule Summary.

 <<Inter SC Trades Adj Bid Market Sim.doc>>

INTER- SC TRADE ADJUSTMENT BID MARKET SIMULATION
KICKOFF CONFERENCE CALL
THURSDAY  August 31, 2:00- 3:00 p.m.
Conference Number 1-888-837-2407
Passcode 722248

CRCommunications
Client Relations Communications

 - Inter SC Trades Adj Bid Market Sim.doc


Joel,
      I truly wish that I had something in my shop for you, but I don't.  Try Geoff Roberts at Entergy (281)-297-3120, Rich Kinder at Kinder Morgan (713)369-9000, or you could try Anadarko in the Woodlands.  I know that Duke is still hiring, too.  The other alternative is to look outside the industry, which is probably a good idea at this point.  You could also contact Joe Sutton and see if you could get some leads from him.  In any event, let me know if there is something that I can do.  I wish you the best of luck in your search--we'll keep you in our prayers until we've heard that you're fine, so let us know.

     Take care.

Dan

 -----Original Message-----
From: 	Anderson, Joel
Sent:	Monday, November 19, 2001 3:01 PM
To:	McCarty, Danny
Subject:	From Bad to Worse?

Ever really want someone to wake you up from a bad dream...

The good news is Enron Freight is no longer one of the non-core business entities on the fence. The bad news is we fell on the wrong side of the fence. The word is, basically, sell yourselves to someone or liquidate.

Any suggestions on where I should start looking?

Our house hasn't sold in Indy yet, but the job market there is pretty slim. Think we'll go ahead and plan to stay here in Houston.

Any ideas?

Thanks.

Joel


The following deal confirmations do not contain the product definitions for
SP-15 delivery (CAISO) and Palo Verde/Mid Columbia (West Firm)

226189 (SP15)
220051 (SP15)
220052 (SP15)
249547 (PV)
200536 (MidC)

Therefore, the amendment will need to contain the definition of CAISO Energy
and West Firm Energy.

From: Wendy Conwell/ENRON@enronXgate on 06/06/2001 03:31 PM
To: Rhonda L Denton/HOU/ECT@ECT
cc: Melissa Ann Murphy/HOU/ECT@ECT, Carol St Clair/HOU/ECT@ECT, Tracy
Ngo/ENRON@enronXgate, Christian Yoder/ENRON@enronXgate
Subject: RE: MEGA Deals to Assigned

To Rhonda,

My bad...It looks like MEGA is assigning ALL of its physical power positions
with EPMI to ENA.  The attached spreadsheet below has the options in the
lower section, which should really be part of the "to be assigned" group.

To All,

Sorry for the confusion,

Wendy

 -----Original Message-----
From:  Conwell, Wendy
Sent: Wednesday, June 06, 2001 2:53 PM
To: Denton, Rhonda
Cc: Murphy, Melissa Ann; St Clair, Carol; Ngo, Tracy; Yoder, Christian
Subject: MEGA Deals to Assigned

Please find attached a spreadsheet which matches up the MEGA Deals with the
EPMI deals to be assigned from MEGA to Morgan.  Please review deal numbers
for accuracy and then review the confirms to ensure that all necessary West
Product Definitions are either in the confirm.  If they are not in the
confirm, they need to be identified in the amendment to the Master Agreement
with Morgan.

Thanks,
Wendy

 << File: Deals COB 052801 (to assign to mscg).xls >>


The following items were presented in this week's corporate change control....

Jan 28
Beginning at 6:00 p.m., the Telephony team will remove the telephone switch from 3AC and migrate phone numbers.  The maintenance is expected to last approximately one hour.  Each block of numbers will experience an outage of a few minutes during which calls made to an affected number will not go through and will not roll to voice mail.  The numbers affected are: 345-5000...6999; 713-646-6000...6599; 713-646-7000...7999; 713-646-8200...8399; 713-646-8600..8699; 713-646-9700...9799; 713-345-0200...2999.  The number 713-345-7000 to access voice mail will not be affected by this maintenance.  However, any number within these maintenance groups will be affected regardless of whether it was moved from 3AC.  This change will impact ETS users.

ETS Solution Center - Houston, at 713-345-4745
ETS Solution Center - Omaha, at 402-398-7454


John,

Please find details for the distributor for the Coast chair manufactured by
MAGIS:

Leif Petersen Inc. 15 Woodland Avenue San Rafael CA 94901

T+1 415 45 355 00
F+1 415 48 507 76

Personally I like the Orgone chair very much but I don't know how to compare
it with his other pieces...It is to my mind quite unique and a beautiful
piece to look at standing alone in a space.

Regards,

Patsy Youngstein
For Marc Newson Ltd

+44 0207 287 9388 T
+44 0207 287 9347 F

> -----Original Message-----
> From: John.Griffith@enron.com [mailto:John.Griffith@enron.com]
> Sent: 26 February 2001 17:30
> To: pod@marc-newson.com
> Subject:
>
>
> Hello,
>
> I am trying to find out about the Coast chair that Marc
> Newson designed.  I
> saw it in a magazine article and I haven't seen it being
> produced or sold
> anywhere.  Can you help me find a distributor in the US?  I
> am located in
> Houston, Texas.
>
> I love Marc's designs.  I am thinking of purchasing the
> Orgone chair from
> Totem.  What is your opinion of this chair compared to other of Mr.
> Newson's designs?
>
> Thank you for you time and consideration.
>
> Sincerely,
>
> John Griffith
>

 - Plas Orgone Chair01.jpg


Christi -

Did this come from FERC??

Jim

-----Original Message-----
From: Nicolay, Christi L.
Sent: Friday, August 10, 2001 4:40 PM
To: Steffes, James D.
Subject: FW: Accounting and Reporting from The Financial
AccountingStandards Board, AI01-1-000

Do you know who the appropriate accounting person for this info?

-----Original Message-----
From: Duscha Brown [mailto:dbrown@bracepatt.com]
Sent: Friday, August 10, 2001 4:41 PM
To: Nicolay, Christi L.; Fulton, Donna; snovose@enron.com;
sscott3@enron.com; Twiggs, Thane
Cc: Andrea Settanni
Subject: Accounting and Reporting from The Financial AccountingStandards
Board, AI01-1-000

Enclosed:

                                                    In Reply Refer To:

                                                     OED-DRAP
                                                 Docket No. AI01-1-000

                                                         August 10,
     2001

             TO ALL JURISDICTIONAL PUBLIC UTILITIES, LICENSEES,
             NATURAL GAS COMPANIES, AND OIL PIPELINE COMPANIES

     SUBJECT:       ACCOUNTING AND REPORTING FOR CERTAIN TYPES OF
                    FINANCIAL INSTRUMENTS AND HEDGING ACTIVITIES

     INTRODUCTION

          The Financial Accounting Standards Board has issued three
     pronouncements affecting the manner in which certain types of
     financial instruments and hedging activities are measured and
     reported in the financial statements.

     Please see that attachment.

     Thank you,

Duscha S. Brown
Legal Assistant
Bracewell & Patterson, L.L.P.
2000 K St. NW
Washington, D.C. 20006


Please send copies of the VNG demand charge invoices to Denise Dodson.

Please let me know if you have any comments or questions.


Come by.  I'll shed some light....also I'd like to talk to you about
opportunities within EGM.  Jeff

Jeff Kabel@ENRON
11/12/2000 01:19 PM
Sent by: Jeff Kabel@ENRON
To: Jeffrey A Shankman/HOU/ECT@ECT
cc:
Subject: In this week

Will you be around this week?  I need to start thinking seriously about what
to do next...though I still have to take that vacation you suggested.

Some parts of this reorg baffle me...

Hope all is going well.

jf

541.14.891.3600 in Buenos Aires


I just wanted to respond to your email and let you know the thought process
of the book move for Ontario.  This move was requested by the trader 10 days
ago.  We notified Curtis Smith and Bill Kasemervisz the following business
day last Monday - July 24th.  For future reference, please let us know
exactly how much notice is required and if you think there are other groups
we may have missed notifying so that this does not become a problem again.
Thanks for your help.
PL


Here is the Info.
---------------------- Forwarded by Tom Acton/Corp/Enron on 01/13/2000 07:57
AM ---------------------------

	Enron North America Corp.

	From:  Katherine Crosswhite @ ECT                           01/12/2000 02:27
PM

To: Tom Acton/Corp/Enron@ENRON, Carlos J Rodriguez/HOU/ECT@ECT, Charlotte
Hawkins/HOU/ECT@ECT, Mary Jo Johnson/HOU/ECT@ECT, Vance L Taylor/HOU/ECT@ECT,
Melissa Graves/HOU/ECT@ECT
cc: Xochitl-Alexis Rodriguez/HOU/ECT@ECT

Subject: Aspect Resources Scheduling Process Flow Meeting

A meeting has been scheduled for Thursday, January 13th from 1:00 - 2:00 in
EB43C2.  The subject of discussion is referenced above.

Let me know if you have any questions.

Thanks,
Kathy
x3-4364


yes, it does.  Thanks!  i'll take care of it.

   Kate Symes @ ECT                01/29/2001 05:49 PM

To: Kimberly Hundl/Corp/Enron@ENRON
cc:

Subject: Re: conoco deals #506549.01, 506550.01, 506551.01

Sorry for the slow reaction time - this is the contact information Greg Wolfe
gave me, and he Sean Crandall confirmed that (he was in the midst of putting
a Conoco deal in the system). As for why it was taken out of the GCP system,
I have no idea. If you know of anyone around here who would have called for
that to be de-activated, let me know. Otherwise, our traders still know Jack
Wells as the contact. Hope that helps.

Thanks,
Kate

Kimberly Hundl@ENRON
01/29/2001 11:11 AM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: Re: conoco deals #506549.01, 506550.01, 506551.01

for some reason that contact was inactivated -if that's definitely the
contact, i'll have gcp re-activate it.  that's strange, i wonder why  it was
inactivated.  just let me know.

   Kate Symes @ ECT                01/29/2001 12:16 PM

To: Kimberly Hundl/Corp/Enron@ENRON
cc:

Subject: Re: conoco deals #506549.01, 506550.01, 506551.01

The contact name is Jack Wells, and his phone number is (281) 293-6030. Would
you like me to enter this info into the deals?

Kate

Kimberly Hundl@ENRON
01/29/2001 08:23 AM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: conoco deals #506549.01, 506550.01, 506551.01

hi kate,
these sean crandall deals need contacts.  can you please get a good contact
name (and phone #) and i will put in a gcp request to have it added to the
drop down list in deal entry.
i'm too lazy to press the shift key lately, sorry -no caps.
thanks for your help!
kim


I did receive your e-mail.

Ken Lay

"Michael Milken" <mmilken@knowledgeu.com> on 07/02/99 10:21:40 AM
To: Kenneth Lay/Corp/Enron@Enron
cc:
Subject: testing


The original is being sent to you.

---------------------- Forwarded by Steve HPL Schneider/HOU/ECT on 06/07/2000
05:41 PM ---------------------------

Steve HPL Schneider
06/07/2000 05:36 PM
To: James R Haden/HOU/ECT@ECT
cc: Nathan L Hlavaty/HOU/ECT@ECT, Edward D Gottlob/HOU/ECT@ECT, Charlie
Thompson/GCO/Enron@ENRON, Nick Cocavessis/Corp/Enron@ENRON
Subject: City Public Service of San Antonio

I have executed the Interconnect Agreement with CPS.  Please proceed to issue
the required work orders.


If you've had a corp fin class about int rates, bonds, etc, I'd take the
Funding Investments class.
Have a great weekend.

Jeff

"Matthew M. Commons" <matt20@wharton.upenn.edu> on 01/18/2001 10:54:38 PM
To: jeff.shankman@enron.com
cc:
Subject: More finance course decisions..

Hi Jeff-
Hope things are well with you.  Classes started here this week and I'm
still getting my schedule straigtened out.  Fortunately, I got into the
Speculative Markets course.  However, I still need to choose a second
finance class.

I have until friday at 3 PM EST to choose between FIXED INCOME (dealing
primarily with bond replication, fairly quantitative) and FUNDING
INVESTMENTS (a broad examination of how firms finance investment with
corporate securities).

Which of the two do you think would help me out the most at Enron Global
Markets?  Sorry for the short notice, but I just won the course permit
tonight!

Thanks,
Matthew
(267) 254-8985


FYI.
---------------------- Forwarded by Kevin M Presto/HOU/ECT on 04/25/2001
04:17 PM ---------------------------

"Perry J. German" <pgerman@ong.com> on 04/25/2001 02:25:42 PM
To: kpresto@enron.com
cc:
Subject: The List

Kevin,

I hope that you find this information timely.  The staff of power traders here
look forward to working with you all soon.

Thanks,

Perry

(See attached file: OPMC_Power_Marketing_Personnel.xls)

 - OPMC_Power_Marketing_Personnel.xls


Chris --

Given this development, now may be the right time for Enron to come in and
make a "public" offer to SDG&E.  We may be able to put some pressure on the
CPUC to approve a full requirements offer that works with the legislative
rate cap.

I'll be in contact with you to discuss.

Jim

To: James D Steffes/HOU/EES@EES, Christopher F Calger/PDX/ECT@ECT, Tim
Belden/HOU/ECT@ECT, David Parquet/SF/ECT@ECT, Jeff Dasovich/SFO/EES@EES
cc:
Subject: SDG&E Bilateral Authority Delay

Surprise, surprise.

SDG&E is afraid to do anything without the pre-approved reasonableness from
the CPUC which I don't think will be obtained.

Chris

Chris
---------------------- Forwarded by Chris H Foster/HOU/ECT on 09/11/2000
05:59 AM ---------------------------

	Enron Capital & Trade Resources Corp.

	From:  "Firooz, Sharon" <SFirooz@SDGE.com>
09/08/2000 05:32 PM

To: "Hart, Dana" <DHart@SDGE.com>, "'agalatic@internetconnect.net'"
<agalatic@internetconnect.net>, "'al_figueroa@vflet.com'"
<al_figueroa@vflet.com>, "'bbowman@coral-energy.com'"
<bbowman@coral-energy.com>, "'biggsbg@bp.com'" <biggsbg@bp.com>,
"'bob_anderson@apses.com'" <bob_anderson@apses.com>,
"'ccantor@sempratrading.com'" <ccantor@sempratrading.com>,
"'cfoster@enron.com'" <cfoster@enron.com>, "'david_metz@apsc.com'"
<david_metz@apsc.com>, "'dcazalet@apx.com'" <dcazalet@apx.com>,
"'dgordon@exchange.ml.com'" <dgordon@exchange.ml.com>,
"'dirk.andreas@nrgenergy.com'" <dirk.andreas@nrgenergy.com>,
"'dparque@ect.enron.com'" <dparque@ect.enron.com>,
"'dpenney@coral-energy.com'" <dpenney@coral-energy.com>,
"'emaddox@seawestwindpower.com'" <emaddox@seawestwindpower.com>,
"'gkosier@newenergy.com'" <gkosier@newenergy.com>, "'gluna@sempra-slns.com'"
<gluna@sempra-slns.com>, "'greg.kelly@gen.pge.com'" <greg.kelly@gen.pge.com>,
"'hreed@powersrc.com'" <hreed@powersrc.com>,
"'jackmcnamara.geothermal@att.net'" <jackmcnamara.geothermal@att.net>,
"'james.north@msdw.com'" <james.north@msdw.com>,
"'jay.alexander@southernenergy.com'" <jay.alexander@southernenergy.com>,
"'jdcoggin@srpnet.com'" <jdcoggin@srpnet.com>, "'jim_staggs@apses.com'"
<jim_staggs@apses.com>, "'jivey@utilicorp.com'" <jivey@utilicorp.com>,
"'john_h_stout@reliantenergy.com'" <john_h_stout@reliantenergy.com>,
"'jon.fischer@pacificorp.com'" <jon.fischer@pacificorp.com>,
"'jpmarchand@aep.com'" <jpmarchand@aep.com>,
"'Kristen_L_Sullivan@reliantenergy.com'"
<Kristen_L_Sullivan@reliantenergy.com>, "'lbryant@pnm.com'"
<lbryant@pnm.com>, "'leah.bissonette@williams.com'"
<leah.bissonette@williams.com>, "'Lhamilton@avistaenergy.com'"
<Lhamilton@avistaenergy.com>, "'marvin_k_ballard@reliantenergy.com'"
<marvin_k_ballard@reliantenergy.com>, "'medwar@ladwp.com'"
<medwar@ladwp.com>, "'njwa@dynegy.com'" <njwa@dynegy.com>,
"'peterc@calpine.com'" <peterc@calpine.com>, "'priced@epenergy.com'"
<priced@epenergy.com>, "'pscarpelli@retx.com'" <pscarpelli@retx.com>,
"'rproush@duke-energy.com'" <rproush@duke-energy.com>, "'rshimizu@mieco.com'"
<rshimizu@mieco.com>, "'sbvanleer@duke-energy.com'"
<sbvanleer@duke-energy.com>, "'shapp@caiso.com'" <shapp@caiso.com>,
"'stacey.kusters@powerex.com'" <stacey.kusters@powerex.com>,
"'szablyal@epenergy.com'" <szablyal@epenergy.com>,
"'tmcandrew@statoilenergy.com'" <tmcandrew@statoilenergy.com>
cc:
Subject: SDG&E Bilateral Authority Delay

SDG&E would like to inform you that  we did not gain authority from the
commission on 9/7 and cannot enter into bilateral trades at present; (2) we
anticipate receiving that approval on September 21; we will solicit new
proposals between now and then and look forward to your continuing
participation, as well as your assistance in gaining the necessary
regulatory approvals.  Thanks


Thanks.  Who was able to do it?

Kay


George,

The following are my answers to your questions:

1.  No.

2.  The nomination is at the pay meter 9862.

3.  In the past, this purchase has not been listed on the spreadsheet.  It has been 	      maintained by the Risk group.

4.  As of 4/24/01, Comstock's nomination is 43,681 and Kerr McGee's is 29,037.

5.  This purchase is not listed on the spreadsheet.  It is maintained separately on a file by Daren.  To the best of my knowledge it is a good wellhead purchase.

Bob

	Enron North America Corp.  From:  George Weissman                           04/24/2001 08:03 AM

To:	Robert Cotten/HOU/ECT@ECT
cc:	Vance L Taylor/HOU/ECT, Daren J Farmer/HOU/ECT, Melissa Graves/HOU/ECT
Subject:	May 2001 Nomination

Bob,

Questions based on the information in the Facilitation by Location Report:

1.  Meter 9643 HGPL/HPL - Stratton, Tejones Operating Corporation, sitara 266970:  Should this purchase be at meter 9638, FREEMAN PROD-MAXINE FIELD in Trade Zone 18?

2.  I presume we are not counting BOTH Meter 9848 NORTH PADRE ISLAND BLK8 and Meter 9862 LEHMAN/SPINNAKER ONSHORE.  Isn't this the same gas?

3. Meter 3536 SEAHAWK/A-S (MAT PLT 520), EOG Resources, sitara 725391:  Is this purchase properly in the wellhead book?

4.  Meter 6884 PGTT JUNCTION 16" LEASE, Comstock Oil & Gas, Inc. and Kerr-McGee Oil & Gas Onshore L.P., sitara 125899 and 132975:  Comstock's volume should exceed Kerr-McGee's volume, and together the two volumes should be approximately 73,000/d.  Currently, Comstock's volume is only 8,600/d and Kerr-McGee's volume is 25,000/d.   We look about 38,000/d short.

5.  Meter 639 HANNAH NASH, Coral Energy Resources, L.P., sitara 659998:  Is this purchase properly in the wellhead book?

I'm looking at about 10 other old deals that I think should be in for May, but aren't.  In addition, I'm adding in the new deals that will flow in May.  I'll be done by noon.

George


Tiny,
	Thanks for the invitation. Due to Transwestern's financial situation and the need to limit all travel that is not absolutely essential, I will have to pass on this event. It sounds like it will be fun. I may schedule a trip later to visit the Red Rock facilities and meet with some customers. Thanks.
	Steve

 -----Original Message-----
From: 	Roensch, David
Sent:	Monday, January 14, 2002 1:04 PM
To:	Harris, Steven; Watson, Kimberly; Hyatt, Kevin
Cc:	Kingman-Needles, Team
Subject:	Needles Golf Tournament

I got this information out a little late last year so here is a heads up.  The Needles 38th annual golf tournament is scheduled for the 5th and 6th of April.  The tournament involves Transwestern, SoCal, El Paso, PG&E, Soutwest etc....

Randy Williams (team leader for the Kingman team) can be contacted for additional information.  Also, Randy, would you please put Steve, Kim and Kevin on your distribution list for the golf registration flyers once they become available.

Oh yea, if dollars are available we could use about 60 dozen golf balls or any items that you might like distributed during the tournament.  If you or someone from your group would like to tie the golf tournament into a quick tour of the Red Rock facilities let me know and I will coordinate those details.  Thanks


-----Original Message-----
From: 	Symes, Kate
Sent:	Friday, July 27, 2001 2:58 PM
To:	Williams III, Bill
Subject:	Palo Verde  Bottleneck - PLEASE READ
Importance:	High

Is this the only revision you'd like to see?

FYI -

Roger called today to inform us of a bottleneck at Palo Verde. Apparently, El Paso cannot take more than 50 mw into their system at Palo in any given hour; therefore, we need to monitor El Paso's net schedule to ensure that it does not exceed this. This poses some obstacles and opportunities related to the lending agreement. If El Paso is taking a net of 50 mw in at PV, you'll need to procure energy at Four Corners or Greenlee to fill the lending short, then enter a zero priced buy-resale to get the energy from an alternate delivery point to PV.

This is how it should take place -
Day-Ahead
	Buy from El Paso at PV
	Sell to STSW at PV
Hour-Ahead
	Buy from Counterparty such as PNM, SRP, TNP, or APS at FC or Greenlee
	Buy-Resale from El Paso from FC or Greenlee to PV

Please let me know if you have questions.

Thanks,
Kate


Charlene, that will be fine... on a different note, where are you on the
straw man we spoke about.  Ultimately, I would like to continue to push this
with the leadership team.

Regards
Delainey


Ed, if you have time now call me to discuss.  713 302 6442.   Thks BT.


What do you like this week?
CF 95 10/27 (F) MISSISSIPPI AT LSU (9:00 pm ET) MISSISSIPPI +10.5  LSU -10.5

CF 35 10/27 (F) IOWA ST AT TEXAS A&M (2:00 pm ET) IOWA ST +6.5  TEXAS A&M
-6.5
CF 23 10/27 (F) AUBURN AT ARKANSAS (12:30 pm ET) AUBURN -1.0 ARKANSAS +1.0

Thanks,

Mitch Marcantel

SAP Application Services
 1100 Louisiana St. 808B
 Houston, TX 77002
 Phone: 713.277.8511 Fax: 713.277.8551
 Pager: 800-759-8888 pin1528390
            1528390@skytel.com


Enron CFO's Partnership Had Millions in Profit
The Wall Street Journal, 10/19/01
Enron CFO Profited From Partnerships With Company, WSJ Reports
Bloomberg, 10/19/01

The New Power Company Revises Its Netting Agreement With Enron; Provides For Receivables and Inventory Financing
Business Wire, 10/19/01

The Five Dumbest Things on Wall Street This Week
TheStreet.com, 10/19/01

K Street's Top 10: The Shifting Lineup
National Journal, 10/20/01
Houston entrepreneurs added to Texas Business Hall of Fame
Houston Chronicle, 10/20/01
Recession, Budget Cuts, Travel Fears To Subdue LME Week
Dow Jones Commodities Service, 10/19/01
HC to hear DPC's plea
The Times of India, 10/19/01

Enron CFO's Partnership Had Millions in Profit
By Rebecca Smith and John R. Emshwiller
Staff Reporters of The Wall Street Journal

10/19/2001
The Wall Street Journal
C1
(Copyright (c) 2001, Dow Jones & Company, Inc.)

A limited partnership organized by Enron Corp.'s chief financial officer, Andrew S. Fastow, realized millions of dollars in profits in transactions it did with Enron, according to an internal partnership document.
The partnership, in some instances, benefited from renegotiating the terms of existing deals with the Houston energy company in ways that improved the partnership's financial positions or reduced its risk of losses.
Mr. Fastow, and possibly a handful of partnership associates, realized more than $7 million last year in management fees and about $4 million in capital increases on an investment of nearly $3 million in the partnership, which was set up in December 1999 principally to do business with Enron.
The profits from the deals were disclosed in a financial report to investors in the partnership, LJM2 Co-Investment LP, that was signed by Mr. Fastow as the general partner and dated April 30. In one case, the report indicates the partnership was able to improve profits by terminating a transaction early.
The LJM2 arrangement has become controversial for Enron, as shareholders and analysts have raised questions about whether it posed a conflict by putting the company's chief financial officer, who has a fiduciary duty to Enron shareholders, in a position of reaping financial rewards for representing LJM2 investors in business deals with Enron. Investors in LJM2 include Wachovia Corp., General Electric Co.'s General Electric Capital Corp. and Credit Suisse Group's Credit Suisse First Boston.
Attention has focused on Mr. Fastow's partnership activities at a tumultuous time for Enron, which over the past decade grew enormously by becoming the nation's biggest energy-trading company.
This year, though, it has been hit by a string of troubles, from soured business initiatives to executive departures. On Tuesday, Enron announced a $618 million third-quarter loss, because of a $1.01 billion write-off on investments in broadband telecommunications, retail energy services and Azurix Corp., a water company. A small chunk of that write-off, about $35 million, was attributed to ending certain LJM2-related transactions. That termination also produced a $1.2 billion reduction in Enron shareholder equity as the company decided to repurchase 55 million shares that had been part of LJM2 deals.
At 4 p.m. in New York Stock Exchange composite trading, Enron was down 9.9%, or $3.20, to $29 a share. Within the past year, the stock had topped $80 a share.
Enron officials didn't have any comment about the LJM2 partnership document. Enron has consistently said its dealings with LJM2 have been proper. They said the LJM2 deals, like ones done with other parties, were aimed at helping hedge against fluctuating market values of its assets and adding sources of capital.
Mr. Fastow has declined several requests for an interview about LJM2. In late July, he formally severed his ties with LJM2, as a result of what Enron officials said was growing unease by Wall Street analysts and major shareholders. Mr. Fastow has been finance chief of Enron since 1997 and has been with the firm 11 years, which included extensive work setting up and managing company investments.
Michael Kopper, a former Enron executive who an Enron spokesman said is now helping to operate LJM2, declined to comment. He also wouldn't describe his relation to LJM2.
In his April 30 report, Mr. Fastow said the partnership, which raised $394 million, had invested in several Enron-related deals involving power plants and other assets as well as company stock. The document said LJM2 sought a 29% internal rate of return. That was down from a 48% targeted rate of return at the end of 2000, which the document said was due in part to a decline in the value of LJM2's investment in New Power Co., an Enron-related energy retailer. In some transactions, LJM2 did much better than the 29% target, though this sometimes involved renegotiating individual deals.
In September 2000, the partnership invested $30 million in "Raptor III," which involved writing put options committing LJM2 to buy Enron stock at a set price for six months. Four months into this deal, LJM2 approached Enron to settle the investment early, "causing LJM2 to receive its $30 million capital invested plus $10.5 million in profit," the report said. The renegotiation was before a decline in Enron's stock price, which could have forced LJM2 to buy Enron shares at a loss of as much as $8 each, the document indicated.

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

Enron CFO Profited From Partnerships With Company, WSJ Reports
2001-10-19 01:00 (New York)

     Houston, Oct. 18 (Bloomberg) -- Enron Corp.'s Chief Financial
Officer Andrew Fastow realized profits through a limited
partnership that did business with Enron, the Wall Street Journal
reported, citing an internal partnership document.

     LJM2 Co-Investment LP, of which Fastow is a general partner,
made millions of dollars on transactions with Enron, the paper
said. Fastow and possibly a handful of partnership associates made
$7 million last year in management fees and about $4 million in
capital increases on an investment of about $3 million in the
partnership, the paper said.

     Enron shareholder Fred Greenberg filed a lawsuit yesterday,
alleging that Enron's board cost the company at least $35 million
by allowing Fastow to manage partnerships that bought Enron
assets. Enron reported $1.01 billion in third-quarter losses from
failed investments.

The Five Dumbest Things on Wall Street This Week
By K.C. Swanson <mailto:kcswanson@thestreet.com>
Staff Reporter
TheStreet.com
10/19/2001 06:59 AM EDT
URL: <http://www.thestreet.com/markets/dumbest/10002661.html>

1. Bayer Fighting the Bears?
One beneficiary of the anthrax scare has been Bayer AG (BAYZY:OTC BB ADR - news - commentary) , the German chemical maker, which has seen its share price gain 10.4% since the terrorist attacks. But investors bidding up the stock might be getting ahead of themselves.
Bayer makes Cipro, a leading treatment for anthrax. But while the demand for Cipro is high, sales from the drug are only a small portion of the company's overall revenue, which totaled 30.9 billion euros last year (and, according to analysts, will increase even more this year, due to its acquisition of Aventis CropScience, a crop protection and production company). To put the demand for Cipro in context, J.P. Morgan expects U.S. sales of the drug to be approximately 1.2 billion euros for 2001.
Even emergency purchases of Cipro probably won't add that much to Bayer's overall revenues. The president has asked for $643 million for antibiotics to combat bioterrorist attacks. While it's possible that sum will be increased, not all the money would be spent on Cipro.
Besides, it's not even clear that Bayer will remain the only producer of Cipro. Though the company holds the patent for the drug, there's some pressure in Congress for the government to purchase a generic version from other manufacturers.
On another front, Bayer is currently battling a class-action lawsuit related to an anti-cholesterol drug implicated in a number of deaths. It was forced to withdraw the drug from the market.
Bayer may offer protection against anthrax, but that doesn't mean it's a refuge for investors.
2. Losses at Twice the Price
You know things are bad for a company when its losses per share are double the price of the shares themselves. That's the case for i2 Technologies (ITWO:Nasdaq - news - commentary) , the supply-chain software maker. After market close on Tuesday, the company posted losses under generally accepted accounting principles that amounted to $5.5 billion, or $13.25 per share, for the latest quarter, including all charges.
In other words, i2's losses were more than twice the value of its share price, which closed at $5.69 before the announcement.
Much of the huge writedown reflects amortized goodwill from the purchase of Aspect Development in March 2000.
To be fair, investors in companies that have made big acquisitions like i2 typically focus on pro forma earnings, which exclude charges and extraordinary items. By that measure, i2's losses didn't look quite so bad: The company met analysts' consensus expectations with a loss of $55.3 million, or 13 cents per share.
Still, investors met i2's earnings with disapproval, knocking the stock down 25% the day after they were reported.
3. Microsoft's Bag of Tricks
In times like these, there's comfort in knowing business goes on as usual at many U.S. companies. Just like the old days, Microsoft (MSFT:Nasdaq - news - commentary) is in the hot seat for its sharklike behavior toward a competitor.
It stands accused of sending 3,000 fake cereal boxes emblazoned with the words "Microsoft Server Crunch" to customers of rival server software maker Novell. The boxes, according to Novell, contained "a number of false and misleading statements" intended as putdowns of Novell products.
Among the attempted insults were some not-so-clever plays on packaged food. For example, in a reference to Novell's flagship software product, a line on the Microsoft boxes read: "What's the expiration date on that NetWare platform?" (A round of applause, please, for those gut-splittingly funny engineers.)
The boxes also said Novell is shifting its focus from software to consulting services, which Novell says isn't true.
Microsoft spokesman Jim Desler said the cereal boxes were primarily intended to advertise Microsoft services, not to slight Novell. "It was all in the theme of a mock cereal box," he said. "It was a modest campaign."
In response to Novell's complaints, he says Microsoft sent out a letter in September to recipients of the boxes to clarify some of its statements, and it's just agreed to send another letter to appease the company. For the record, Novell said it's not calling off its lawsuit for unspecified money damages.
4. AMD's Feisty Pledge
CEOs don't get their jobs by being eloquent, and it probably would be too much to expect them to sound statesmanlike. But sometimes their oratorical rough edges cross the line into embarrassing.
Case in point: Comments from Jerry Sanders, the CEO of Advanced Micro Devices (AMD:NYSE - news - commentary) , which earlier this week reported a loss for the first time in almost three years. The company, facing harsh pricing competition from Intel (INTC:Nasdaq - news - commentary) , said its revenue was down 22% from a year ago and it expects a likely operating loss for the fourth quarter.
Given recent declines in consumer confidence, the downturn is likely to be extended by several quarters, Sanders admitted. But in a conference call, he indulged in some spirited fist-shaking. Citing the company's so-called "Hammer" architecture for processors, Sanders declared, "We feel that when the upturn comes, we're going to kick ---."
Does this guy carry around a surfboard in his car or what? Mr. Sanders, meet Mr. Reeves.
OK, so we actually kind of admire Sanders' never-capitulate spirit. But his comment seems a little redundant, because just about everybody will look better when the economy turns around. Because that may not be anytime soon, what matters is how companies weather the interim -- feisty pledges notwithstanding.
5. Enron's Rabbit-From-a-Hat Style
Analysts have complained for some time about Enron's (ENE:NYSE - news - commentary) rabbit-from-a-hat style accounting, with which the company produced results that wowed investors without making it quite clear where they came from. Now that its business has taken a sour turn, that tendency has gotten even more unsettling.
To cap off its disappointing earnings results this week -- Enron posted a steep loss after taking a $1.01 billion charge -- the company let drop that its shareholder equity had decreased by $1.2 billion.
In a conference call, CEO Kenneth Lay attributed the reduction in equity to the "removal of an obligation to issue a number of shares." According to a report in The Wall Street Journal, Enron repurchased 55 million shares issued through a series of transactions involving LJM Capital, a partnership that until recently was headed up by Enron's CFO.
TSC's Peter Eavis has written that it appears Enron lent LJM money to buy Enron stock.
Ironically, the company boasted in its earnings release this week that it had expanded reporting of its financial results, presumably to quiet its accounting critics.
Enron's transactions have been so labyrinthine that it's hard to identify exactly if or how they were inappropriate. But the latest revelation, to say the least, does nothing to bolster the company's credibility. Enron, whose CEO resigned unexpectedly in August, had seen its stock fall 59% for the year leading up to its latest earnings release. Since then, it's dropped another 12.6%

The New Power Company Revises Its Netting Agreement With Enron; Provides For Receivables and Inventory Financing

10/19/2001
Business Wire
(Copyright (c) 2001, Business Wire)

PURCHASE, N.Y.--(BUSINESS WIRE)--Oct. 19, 2001--The New Power Company ("NewPower"), a wholly owned subsidiary of NewPower Holdings, Inc. (NYSE: NPW) today filed a Form 8-K with the Securities and Exchange Commission reporting that it has revised its master netting agreement with Enron North America Corp., Enron Energy Services, Inc., and Enron Power Marketing, Inc. (together, the "Enron Subsidiaries").
The amendment affects the Master Cross-Product Netting, Setoff, and Security Agreement (the "Master Netting Agreement") among NewPower and the Enron Subsidiaries, and expands through January 4, 2002, the types of collateral that NewPower is permitted to post to the Enron Subsidiaries.
The effect of the amendment is to reduce, through January 4, 2002, the amount of cash collateral that NewPower is required to post to the Enron Subsidiaries. Under the amended Master Netting Agreement, the first $70 million of posted collateral must be in the form of cash, while amounts in excess of $70 million may consist of not more than $40 million of eligible receivables and inventory of NewPower, valued at discounts specified in the amendment, and subject to a $25 million limit for October 2001. Pledging receivables and inventory is consistent with NewPower's previously announced intention to secure asset-backed financing.
With the amendment and NewPower's cost reduction efforts, and absent a similar rate of decline in commodity prices or other significant events, NewPower believes that it has sufficient financial resources to conduct its business until it secures ongoing asset-backed financing, which will be necessary upon the expiration of the amendment. NewPower has been and is actively seeking to arrange asset-backed financing with other parties, although to date no such arrangements have been secured.
The Company expects to meet its previous estimate of net loss and loss per basic and diluted share for the third quarter ended September 30, 2001. However, customer count and revenues are expected to be slightly lower than previously forecast.
The Company will provide revised guidance for the fourth quarter 2001 and an outlook for 2002 on its third quarter conference call scheduled for Thursday, November 8.

Cautionary Statement

This press release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934. These statements involve risks and uncertainties and may differ materially from actual future events or results. Although we believe that our expectations are based on reasonable assumptions, we can give no assurance that our goals will be achieved. The Company undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. Important factors that could cause actual results to differ from estimates or projections contained in the forward-looking statements include our limited operating history; delays or changes in the rules for the restructuring of the electric and natural gas markets; our ability to attract and retain customers; our ability to manage our energy requirements and sell energy at a sufficient margin given the volatility in prices for electricity and natural gas; the effect of commodity volatility on collateral requirements and liquidity; our dependence on third parties to provide critical functions to us and to our customers; and conditions of the capital markets affecting the availability of capital. Readers are referred to the Company's Annual Report on Form 10-K for the year ending December 31, 2000 and our Registration Statement on Form S-1 (No. 333.41412) on file with the Securities and Exchange Commission for a discussion of factors that could cause actual results to differ materially from these forward-looking statements.

About NewPower Holdings, Inc.

NewPower Holdings, Inc. (NYSE: NPW), through its subsidiary, The New Power Company, is the first national provider of electricity and natural gas to residential and small commercial customers in the United States. The Company offers consumers in restructured retail energy markets competitive energy prices, pricing choices, improved customer service and other innovative products, services and incentives.

CONTACT: The New Power Company Investors Kathryn Corbally, 914/697-2444 Kathryn.Corbally@newpower.com Patrick McCoy, 914/697-2431 Manager, Investor Relations pmccoy@newpower.com Media Gael Doar, 914/697-2451 gdoar@newpower.com Terri Cohen, 914/697-2457 Terri.Cohen@newpower.com
08:32 EDT OCTOBER 19, 2001
Copyright ? 2000 Dow Jones & Company, Inc. All Rights Reserved.

LOBBYING
K Street's Top 10: The Shifting Lineup
Shawn Zeller

10/20/2001
National Journal
Copyright 2001 by National Journal Group Inc. All rights reserved.

How do the Washington lobbying firms with the heftiest incomes put themselves in the upper echelon of K Street practitioners? Van Scoyoc Associates Inc. does it by signing up a stable of smaller clients and working hard to retain them. Quinn Gillespie & Associates doesn't have a long client list, but it is at the top of the heap in terms of average fee per client. Greenberg Traurig, meanwhile, lured away a rival firm's top rainmaker-and his lucrative book of clients.
These are just some of the business strategies revealed in National Journal's survey of the 10 Washington lobbying firms with the highest fee income from January 1 to June 30. The four top firms at midyear 2001 are the same ones as a year earlier: perennial powerhouses Cassidy & Associates Inc.; Patton Boggs; Akin, Gump, Strauss, Hauer & Feld; and Verner, Liipfert, Bernhard, McPherson and Hand.
But two new players-boasting huge growth rates-are among the firms nipping at the heels of these top dogs.
Greenberg Traurig, which came in at No. 5 in National Journal's midyear 2001 rankings, had never before been in the top tier of Washington lobbying firms. According to PoliticalMoneyLine, which compiles a comprehensive annual list of all lobbying firms, Greenberg Traurig had the 35th-highest income during the first six months of last year.
And No. 7 in the midyear 2001 rankings is Quinn Gillespie, another first-time member of the top 10. Formed just a year and a half ago by former Clinton White House Counsel Jack Quinn and Ed Gillespie-a one-time adviser to House Majority Leader Dick Armey, R-Texas-the firm has seen its fortunes rocket upward. Quinn Gillespie was No. 13 in the first six months of 2000.
In between these two newcomers is Van Scoyoc Associates, ranked at No. 6. There has been a steady rise for Van Scoyoc, which was No. 28 in fee income at the end of 1996, the year in which the 1995 Lobbying Disclosure Act first took effect.
Rounding out the top 10 at midyear 2001 are stalwarts Williams & Jensen; Washington Council Ernst & Young; and Barbour Griffith & Rogers.
National Journal ranks the top-10 lobbying firms every six months by tallying the fees that firms report to the House and Senate as required under the 1995 legislation. National Journal tabulates total fees for only the 25 top firms in PoliticalMoneyLine's comprehensive annual survey.
With its $16.68 million in fees for the first six months of the year, Cassidy & Associates continued to blow away the competition. The last time any firm reported a six-month total larger than Cassidy's was during the first half of 1998, when Verner, Liipfert led the way. During the first six months of this year, Cassidy & Associates received a massive fee of $1 million from the Taiwan Studies Institute, a think tank with close ties to the Taiwanese government; Boeing Co. paid Cassidy & Associates $600,000; and Tiffany & Co. paid it $400,000 to lobby on legislation that would bar diamonds mined in conflict-ridden areas of the world from entering the global market.
Despite the economic downturn and the terrorist threat, lobbying goes on, company Chairman Gerald S.J. Cassidy said. "During difficult times, people come to Washington with their problems. During more-robust times, they come seeking opportunities."
But the biggest story at midyear was the rise of Greenberg Traurig. The firm, which posted just $1.71 million in lobbying fees during the first half of 2000, saw that amount more than quadruple to nearly $8.7 million this year. Much of the credit goes to Jack Abramoff, the conservative K Street mover and shaker who is an ally of House Majority Whip Tom DeLay, R-Texas. Last year, Abramoff left his old firm, Preston Gates Ellis & Rouvelas Meeds, and brought $3 million in business with him to Greenberg Traurig. Preston Gates, which was ranked in the top five during Abramoff's tenure, dropped out of National Journal's rankings this year. The lobbying firm's fees fell by nearly 50 percent.
Abramoff continued to make rain at Greenberg Traurig, billing $860,000 to the Mississippi Band of Choctaw Indians, $500,000 to the Commonwealth of the Northern Mariana Islands, and $300,000 to garment manufacturers that operate in that U.S. territory. A few new clients also forked over big bucks: the Coushatta Tribe of Louisiana ($440,000); Voor Huisen Project Management, a homebuilder with international operations ($300,000); and the American International Center ($100,000). Despite initial concerns among some Greenberg Traurig partners about whether Abramoff would fit in, Abramoff insists that his team of lobbyists has been "totally integrated" into the firm.
But Abramoff wasn't the only one responsible for Greenberg Traurig's higher earnings. Ronald W. Kleinman, a former State Department lawyer, persuaded Congress with the help of several Greenberg Traurig colleagues to pass Section 2002 of the 2000 Victims of Trafficking and Violence Protection Act. This section of the law ordered the Treasury Secretary to use Cuban government funds that are frozen in U.S. banks to compensate the families of three men who had won multimillion-dollar judgments against Cuba under a 1996 amendment to the Foreign Sovereignty Immunities Act. The amendment allows victims of terrorism or their families to sue states that are on the U.S. list of state sponsors of terrorism.
Greenberg Traurig represented the families of Armando Alejandre, Carlos Alberto Costa, and Mario M. de la Pena-three members of Brothers to the Rescue, a Cuban-American group that rescues Cubans in the waters off Florida. The three men died when their plane was shot down over international waters on February 24, 1996. The families sued Cuba and were awarded $96.7 million in damages by a U.S. District Court judge in 1997. The State Department opposed payment, but President Clinton signed the trafficking bill. Greenberg Traurig reported a fee of $4 million.
Fred W. Baggett, the chair of Greenberg Traurig's governmental practice group, said this was a one-time fee, but he added that the Cuban case "established a platform so that the firm can support undertaking those one-time efforts in the future," and noted, "We have a few coming down the pipeline."
Baggett said the firm has cases involving an American killed in Jerusalem by the Palestinian group Hamas, and Americans who were used as human shields in Iraq during the Persian Gulf War. None of the Americans was killed, and all were eventually released.
Taking the flip side of the mega-fee approach was Van Scoyoc Associates, which reported receiving no fee above $180,000. Nonetheless, the firm continued its steady rise. A key reason, said firm President H. Stewart Van Scoyoc, was the ability to recruit and retain clients. The firm signed up 34 clients between January 1 and June 30, while only nine out of 159 clients terminated contracts during the period.
"We work hard at defining the relationship with a client before we sign a contract," said Van Scoyoc. "We make sure we're clear on the goals and objectives, and in a typical relationship, we don't guarantee that we can do everything." The firm's $6.24 million total for the first half of 2001 was 23 percent higher than its fees for the same period last year.
Quinn Gillespie's ascent into the top 10 was more along the lines of Greenberg Traurig's. Quinn Gillespie's billings were almost $6.09 million at midyear 2001, a 71 percent rise over the same period last year. The firm has only 34 paying clients, but the average fee per client-$180,000-is the highest among the top 10. During the six months, the British Columbia Lumber Trade Council paid a fee of $540,000 to Quinn Gillespie, while Enron Corp. paid $525,000. The Canadian group hoped its high-powered lobbyists would win greater access for Canadian lumber in the United States, but U.S. tariffs were reinstated earlier this year. Lobbying for Enron focused on energy deregulation, particularly in California. Enron is a major creditor of Southern California Edison, the utility whose financial woes resulted in power shortages in California last summer.
Quinn Gillespie's staff has grown from nine at the time of the founding to nearly 30 today. "We like to think we have a toolbox here-people who may be Republicans or Democrats but who also have different skills that benefit the client," Quinn said.
Patton Boggs had fees of $10.26 million in the first six months of 2001, but that was just a 5 percent rise over the same period in 2000. Still, the firm leapfrogged over Verner, Liipfert to capture the No. 2 ranking. Patton Boggs earned $360,000 from Russia's government-owned NTV television network, which was at the center of a controversy earlier this year when the government took over the independent network and ousted its staff.
Akin, Gump also jumped past Verner, Liipfert to No. 3 in the rankings, posting $9.48 million in fees-a 16 percent increase over a year earlier. Akin, Gump's biggest client was the troubled tire manufacturer Bridgestone/Firestone Inc., which paid just over $1.5 million in fees. Akin, Gump also earned big money from AT&T ($800,000) and the Gila River Indian Community ($620,000).
At No. 4, Verner, Liipfert saw the biggest drop in fees, taking in $8.84 million in the first six months of 2001-down 16 percent from the same period in 2000. Verner, Liipfert lost lucrative contracts with Puerto Rico after the government there changed hands last year. (See this issue, p. 3273.)
Rounding out the top-10 rankings, Williams & Jensen at No. 8 billed $5.68 million, a 12 percent increase over the first half of 2000, while Washington Council Ernst & Young saw its fees drop 11 percent to $5.5 million. The firm fell four places to No. 9 in the rankings. Barbour Griffith & Rogers's fee income was up 7 percent to $5.48 million, putting the firm at No. 10.
Falling out of the midyear top-10 rankings were Preston Gates-No. 6 at midyear 2000-and PricewaterhouseCoopers, No. 7 last year. PricewaterhouseCoopers's billings were $5 million for the period, a 6 percent drop from the first half of 2000.

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

Oct. 19, 2001
Houston Chronicle
Houston entrepreneurs added to Texas Business Hall of Fame
By TOM FOWLER
Copyright 2001 Houston Chronicle
The Texas Business Hall of Fame's annual awards ceremony Thursday night honored four Houston business leaders.
The event at the George R. Brown Convention Center put the spotlight on Weingarten Realty Investors Chairman Stanford Alexander; Compaq Computer founder and former Chief Executive Officer Rod Canion; retired Reliant Energy Chairman and CEO Don Jordan; and Dynegy Chairman and CEO Chuck Watson.
This is the 19th year the nonprofit Texas Business Hall of Fame Foundation has honored the state's business leaders with a dinner and induction event.
As chairman of Weingarten Realty Investors, Stanford Alexander built the company into one of the nation's largest publicly traded real estate companies.
After serving in the U.S. Air Force, Alexander joined J. Weingarten, a Houston-based chain of 87 supermarkets. He later became an executive with Weingarten Markets Realty Co., an affiliated real estate firm that developed free-standing supermarket stores.
The firm later changed its name to Weingarten Realty. The Houston-based company is now publicly traded on the New York Stock Exchange.
Weingarten owns shopping centers, warehouses and other property in 17 states from coast to coast.
Weingarten's notable developments in Houston include the upscale Village Arcade near Rice University and the Centre at Post Oak, across from the Galleria.
Rod Canion came up with the idea behind Compaq in 1982 after a trip to a local ComputerLand store. Along with colleagues from Texas Instruments, Jim Harris and industrial designer Ted Papajohn, Canion envisioned a portable computer that ran all the programs that operated on the IBM PC.
By the next year, the company was producing the original Compaq luggable computer, a move that essentially created the modern PC industry. By 1987, its fifth year, the company made business history by breaking $1 billion in sales, the fastest pace ever for a corporate startup.
Canion left Compaq in October 1991 but continued to be active in other ventures. In 1992, he founded Insource Technology Group, a consulting services and network engineering firm, and continues to serve as chairman.
Don Jordan has been in the forefront of Houston business and society for decades. And even though he retired from the post of chairman and chief executive at Reliant Energy in late 1999, he has remained active in the city's growth and development.
Jordan was with Reliant and its predecessor Houston Industries for 44 years and helped position the company for its eventual split between the company's regulated businesses, such as HL&P and Entex, and unregulated business that is now called Reliant Resources.
Jordan, along with his corporate rival Ken Lay of Enron, was instrumental in the successful campaign last year to convince voters to approve the use of public funds to build a new arena downtown for the Houston Rockets.
Jordan has spent a lot of time on the Houston Livestock Show & Rodeo board and many other civic groups.
Chuck Watson has built Dynegy into one of Houston's leading energy companies, but he is more well-known for his forays into the world of sports.
Watson established NGC Corp., Dynegy's predecessor, in 1985 and served as president until becoming chairman and chief executive officer in 1989.
Recently Watson was revealed to be the largest investor in the limited partnership assembled to put together the Texans, Houston's National Football League franchise. It begins playing next year.
Watson also owns the Aeros, Houston's American Hockey League team.
Watson's support was also pivotal to getting voters last year to approve the use of public funds for the new downtown arena. Watson had opposed an earlier deal to use public money to build the facility.
Watson has also been a strong supporter of Houston's bid to land the 2012 Olympic Games.
To date, the foundation has awarded more than $1.8 million in scholarships to students pursuing business degree at Texas colleges and universities.

Recession, Budget Cuts, Travel Fears To Subdue LME Week
By Mark Long
Of DOW JONES NEWSWIRES

10/19/2001
Dow Jones Commodities Service
(Copyright (c) 2001, Dow Jones & Company, Inc.)

LONDON -(Dow Jones)- The many travails of the metals industry will dampen the spirits of those who make it to the annual round of meetings and parties at London Metal Exchange Week, which starts Monday.
In what is expected to be a much smaller group of delegates than usual, conversations will be dominated by fears of global recession smothering already-lousy demand, the increasingly pressing need for production cuts, and the exit of several important participants from the metals business.
Cuts in companies' travel budgets and fears of flying are keeping many of the usual attendees away from London this year, dealers and analysts said.
"Sentiment is going to be bearish, and we've just heard in the past few days of people who were previously going to come along not coming, largely on their companies' advice," said Adam Rowley, an analyst at MacQuarie Bank in London.
Indeed, a representative at another major bank said fully half of the guests expected at its satellite activities have canceled.
Forecasts for base metals demand and average prices have been widely revised downward in the past few weeks, particularly since the impact of the Sept. 11 terror attacks accelerated the world economic slowdown.
Just this week, Standard Bank ratcheted its expectations lower, with LME cash copper - a bellwether for the complex that's especially sensitive to industrial productivity - seen at $1,350 a metric ton in December 2001, down from an actual year-to-date average in 2001 of $1,619/ton.
Producers are reluctant to cut copper output, and declining Chinese imports and weak demand in the west mean there is still further downside potential for copper, Standard Bank analyst Robin Bhar said.
With demand for base metals slumping so sharply, eyes have been turning to the producers to make moves on the supply side.
In copper, analysts say U.S. producers are the most likely to cut back, as the recent strength in the dollar hits their bottom line the hardest. However, a recent slump in energy prices has kept the wolves from the door so far for some producers in an industry that's energy-intensive.
Elsewhere, zinc is suffering from a supply glut that recently pressured the LME three-month price to a 17-year low of $766 a metric ton.
The troubles of Australian zinc producer Pasminco Ltd. (A.PAS) will surely be a hot topic, following the company's move to voluntary administration due to its large debt load, dealers said.
But aside from all the market concerns, the most worrisome topic will likely be the recent succession of companies bailing out of or reducing their commitment to the metals business, market participants said.
In the past week, N.M. Rothschild & Sons Ltd. quit the base metals business and ScotiaMocatta - the metals trading arm of the Bank of Nova Scotia (T.BNS) - removed itself from open-outcry ring trade at the LME. Earlier this month, Enron Metals said it would cut staff by 10%-20% in Europe, and all these moves follow Mitsui Bussan Commodities Ltd. ditching its market-making activities in the metals business earlier this year.
Who's next?
"It could be anyone," is the refrain from nearly all market participants surveyed.
-By Mark Long, Dow Jones Newswires; +44 (0)20 7842 9356; mark.long@dowjones.com

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

HC to hear DPC's plea

10/19/2001
The Times of India
Copyright (C) 2001 The Times of India; Source: World Reporter (TM)

MUMBAI: The Bombay high court will, on December 11, begin hearing a petition filed by Enron-promoted Dhabol Power Company (DPC), challenging the jurisdiction of the Maharashtra Electricity Regulatory Commission (MERC) to adjudicate the US-based multinational's dispute with Maharashtra State Electricity Board (MSEB).
A division bench headed by Justice Ajit Shah decided to hear the matter at a stretch for a week beginning from December 11. The court permitted MERC members P. Subrahmanyam and Venkat Chary to be impleaded as respondents. They have been asked to file affidavits by November 9.
The multinational power giant had levelled certain allegations of bias against an MERC member Jayant Deo. Mr Deo urged the court that he would like to recluse himself from the proceedings.
DPC was allowed to amend its main petition in view of the allegations levelled against Mr Deo and were asked to amend it within week.
In his affidavit replying to allegations of bias by the DPC, Mr Deo said he was neutral in his stand as a MERC member.
The court has made it clear that when the hearing in the case commences, two intervening parties, US Exim Bank and a consortium of 11 offshore lenders of DPC would not be allowed to make any pleadings. The court, however, said they would be permitted to assist the court by making oral submissions.

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


On Tuesday, October 16th at 11:30am-1:30pm in conference room EB42C2, in the Houston location, there will be a presentation on nominations, scheduling, allocations etc. given by Lynn Blair and John Buchanan.  This will be a basic course on scheduling and can be used as a refresher course.  Both Omaha and Minneapolis marketers will be in attendance.
[Garcia, Ava]


i don't want to be a soilder during the war.  where are you going if you go out?  sierra?  let me knwo if you decide to go out b/c i think it would be a fun night.

 -----Original Message-----
From: 	"Allen, Jill (US - Houston)" <jilallen@deloitte.com>@ENRON
Sent:	Wednesday, October 31, 2001 10:57 AM
To:	Lenhart, Matthew
Subject:	RE:

i haven't decided if i'm going out or not either.
do you want to borrow my GI Jane outfit?  :)
-----Original Message-----
From: Matthew.Lenhart@ENRON.com [mailto:Matthew.Lenhart@ENRON.com << File: mailto:Matthew.Lenhart@ENRON.com >> ]
Sent: Wednesday, October 31, 2001 10:42 AM
To: Jilallen
Subject: RE:
i might go out.  i don't think that i am dressing up.  are you going out?
i would be up for going out, but i have nothing to dress up in.
    -----Original Message-----
   From:   "Allen, Jill (US - Houston)" <jilallen@deloitte.com>@ENRON
   Sent:   Wednesday, October 31, 2001 10:08 AM
   To:     Lenhart, Matthew
   Subject:  RE:
   what are you doing tonight?  are you dressing up?
   This message (including any attachments) contains confidential
   information intended for a specific individual and purpose, and is
   protected by law.  If you are not the intended recipient, you should
   delete this message.  Any disclosure, copying, or distribution of this
   message, or the taking of any action based on it, is strictly
   prohibited.
**********************************************************************
This e-mail is the property of Enron Corp. and/or its relevant affiliate and may contain confidential and privileged material for the sole use of the intended recipient (s). Any review, use, distribution or disclosure by others is strictly prohibited. If you are not the intended recipient (or authorized to receive for the recipient), please contact the sender or reply to Enron Corp. at enron.messaging.administration@enron.com and delete all copies of the message. This e-mail (and any attachments hereto) are not intended to be an offer (or an acceptance) and do not create or evidence a binding and enforceable contract between Enron Corp. (or any of its affiliates) and the intended recipient or any other party, and may not be relied on by anyone as the basis of a contract by estoppel or otherwise. Thank you.
**********************************************************************
- This message (including any attachments) contains confidential information intended for a specific individual and purpose, and is protected by law.  - If you are not the intended recipient, you should delete this message and are hereby notified that any disclosure, copying, or distribution of this message, or the taking of any action based on it, is strictly prohibited.


Please click on the attached icon or the Web address below to go to the most recent OASIS Posting.

If that doesn't work highlight and copy the address below, then paste it into the address line of your Web browser and hit "enter":

Information on BPAT's implementation of tariff terms and conditions and/or transmission marketing policy has been posted to:

http://www.transmission.bpa.gov/oasis/bpat/outages/woh_curtail_update_7-01-01.doc

For questions or comments, please contact your Transmission Account Executive.


Mike,

I don't have your work number. Walker flaked on dinner (did I call that or what). I am coming to town Feb 2. I'll give you a call next week with the details.

Chris


Rodrigo,

I think it is Churrasco's, A South American restaurant.
I shall make reservations for the 12th. I shall also
arrange the meetings on Tuesday with different units of the Research group.

Vince

Rodrigo Lamas
08/24/2000 01:59 PM
To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: Re: Introduction meeting : RAC London Quants and Houston Research

Vince,

Thank you very much.
I would rather talk to your group on Sep the 12th (Tuesday).
I hope I will be entitled to disturb them again during the rest of the week
as well.
We can certainly go out for dinner. Steven mentioned a Brazilian restaurant he
went to and I am looking forward going there. This in case you are not
vegetarian.

Thanks again,

Rodrigo

Vince J Kaminski
24/08/2000 19:54
To: Rodrigo Lamas/LON/ECT@ECT
cc: Vince J Kaminski/HOU/ECT@ECT

Subject: Re: Introduction meeting : RAC London Quants and Houston Research

Rodrigo,

We shall be very glad to meet you.

If you can dedicate one day to meeting the members of the Research Group I
could arrange a series of meetings with different units.

What about Sep the 11th or Sep the 12th (Monday or Tuesday)?

If you are free one evening we can have dinner together.

Vince

Rodrigo Lamas
08/24/2000 11:01 AM
To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: Introduction meeting : RAC London Quants and Houston Research

Vince,

I work for the Market Risk RAC London group. I review the quantitative issues
arising from Enron Europe models.
I am in this function given my background (PhD from Imperial College-London)
and also due to my past experience
as risk manager for a brazilian investment bank and Louis Dreyfus.

My agenda includes the review of a number of deals (Wessex, TPL, Eastern,
...), as well as the
review of the construction of european gas and power price curves and their
respective volatility curves.
Currently I am devoting most of my time to the analysis of the UK gas market,
its respective
price curve and term structure of volatility.
Bjorn and David suggested it could be very productive if I had the chance to
meet you and your team
to discuss issues related to modelling prices and risk measurement tools.

I will be in Houston from the 10th to 15th September. I wonder if you could
book some time for me in
your agenda and also ask some members of your team to do the same.

Thanks,

Rodrigo


Accurate and sobering.  I've made two small comments just as an fyi.

	<Suzanne_Nimocks@mckinsey.com>
	01/12/2001 09:18 AM

		 To: skean@enron.com
		 cc:
		 Subject: Urgent;  California Article

Here is a draft of the article we discussed.  It is rather benign - but I
would appreciate it if you would take a look.  Let me know if you have any
reaction.
----- Forwarded by Suzanne Nimocks/HOU/NorthAmerica/MCKINSEY on 01/12/2001
09:17 AM -----

                    Bob Edwards
                    01/11/2001           To:     Les
                    04:28 PM
Silverman/DCO/NorthAmerica/MCKINSEY@MCKINSEY,
                                         John
Bookout/HOU/NorthAmerica/MCKINSEY@MCKINSEY,
                                         Tim
Bleakley/HOU/NorthAmerica/MCKINSEY@MCKINSEY,
                                         Rob
Latoff/CLE/NorthAmerica/MCKINSEY@MCKINSEY,
                                         Matt
Rogers/SFO/NorthAmerica/MCKINSEY@MCKINSEY,
                                         Jim
Robb/SFO/NorthAmerica/MCKINSEY@MCKINSEY, Andy

Steinhubl/LAN/NorthAmerica/MCKINSEY@MCKINSEY,
                                         Suzanne

Nimocks/HOU/NorthAmerica/MCKINSEY@MCKINSEY
                                         cc:     Gerrit van

Geyn/TOR/NorthAmerica/MCKINSEY@Mckinsey, Thomas
                                         Seitz, Jud

Morrison/HOU/NorthAmerica/MCKINSEY@MCKINSEY,
                                         Scott Nyquist, Susan

Lund/DCO/NorthAmerica/MCKINSEY@MCKINSEY
                                         Subject:     Urgent;  California
Article

Attached is an article that we have drafted with the help of a McK
Quarterly editor.   We have set up a call for tomorrow at 10:00  (CST) in
order to talk through the article and the implications to our clients.  We
have received very good and constructive comments from many of you which we
have tried to incorporate (as much as a 750 word limit would allow).  We
believe we have a shot at a Monday op-ed piece in the WSJ if we send this
out Friday.  The events of today highlight the timeliness of this issue.
Looking forward to talking to you tomorrow.

Bob

 (See attached file: CalMarket-op-ed.doc)

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+-------------------------------------------------------------+
 - CalMarket-op-ed.doc


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(See attached file: HPLN1214.xls)

 - HPLN1214.xls


If you would like to sharpen your performance evaluation writting skills or
your interviewing skills please read below.

The following classes are being offered on an "invitation only" basis.

Giving effective feedback will be offered on January 10th and 16th in room
EB49C1.
Focused Interview Training will be offered on January 17th  in room EB 49C1.

Both classes are from 11:30 AM to 1:00 PM.

To register for these offerings, click on the provided link.  Once in the
devolpment center data base, click on the session you wish to attend and
submit your registration.   Hurry, space for these trainings is limited.

This is the link----------->

Focused Interview Training Class Description:

This class will address the role of the interviewer in the implementation of
the Focused Interview.  Topics to be covered include:

Steps for preparation
Setting expectations
Conducting a Focused Interview
Using the Focused Interview Tool
Legal and ethical consideration
The role of Competencies in your final evaluation

Discussion will be encouraged to ensure transfer of information.

Participants will be given handouts including:
the Focused Interview Tool
the Interviewer's Guide
Course outline

Course length: 90 minutes
Intended Audience: Interviewer's of all levels

Giving Effective Feedback

This brown bag session will highlight the aspects of effective written and
verbal feedback associated with employee performance.  Topics to be covered
include:

Why focused feedback is important

How to give focused feedback

The practice of giving focused feedback

Participants will be given opportunities to share past feedback experiences.
Exercises will be offered to facilitate the transfer of learning.

Participants will be given handouts including:
Course outline
The Focused Feedback Guide

Course length:  90 minutes
Intended Audience:  supervisor's of all levels


If you have an Enron Company Pager please turn it in to Claudia or myself by the end of this week.  We are going to close our account with Pagenet.

Thanks for your help.

T.Jae Black
East Power Trading
Assistant to Kevin Presto
off. 713-853-5800
fax 713-646-8272
cell 713-539-4760


Mark,
Nothing particularly new to report this week on Cuiaba.  GT12 should be commissioned on gas in early November and GT11 repaired and finally commissioned by year end.  Still only verbal commitments from the insurer, but coverage looks good.  We may have some issues on recovery of legal costs.   No more news from Furnas, but the team continues to work with the Brazilian gov't to get these issues resolved.  Pete does not want to send Notice of Dispute letters to Furnas at this time.  We continue to prepare for the Shell mediation in Toronto set for November 5-7.

On Elektro, the tariff pass through suits are finalized and will be filed today.  The suit to protect our assets prior to the Annex V set off will be filed this week.  We hope to have the information from ASMAE to conduct our calculations around Oct. 24th.  If there are any delays,  we will file an injunction compelling the information.

Regards,
      Michelle


thnx

 -----Original Message-----
From: 	Perez, Agustin
Sent:	Thursday, September 13, 2001 8:43 AM
To:	Quigley, Dutch; Bass, Eric; Bailey, Derek
Cc:	Williams, Jaime; Perez, Agustin
Subject:	Nemak Deal Ticket

 << File: Book2.xls >>


PLEASE READ THIS IMPORTANT INFORMATION CONCERNING THE ENRON STOCK FUND IN THE ENRON CORP. SAVINGS AND ESOP PLANS

On Friday, January 11, trading of Enron stock was suspended on the New York Stock Exchange (NYSE).  All Savings and ESOP Plan transactions, including 401(k) payroll contributions,  involving this fund were placed in a pending status until trading resumed.

As announced by Enron's Office of the Chair on Wednesday, January 16, Enron stock would now be traded Over The Counter (OTC).  Upon receiving this information, work began immediately to develop a process that allows for OTC trades in the plans.

On Thursday, January 17, Enron initiated a process to facilitate OTC trades of Enron stock inside the 401(k) and ESOP and all pending transactions were processed using Thursday's closing price.

Now that trading has resumed, we urge you to review your investment elections to ensure that they are consistent with your investment goals.

As things change, we will continue to update you.

Enron Benefits Department