USA: Enron shares hit lowest level since July 1992.
Reuters English News Service- 10/30/01
Wolf Haldenstein Law Firm Announces Class Action Suit on Behalf of Purchasers of ONLY Enron Non-Common-Equity Stock, Including Preferred and Preferred-related Stock, Against Enron Corp.
Business Wire- 10/30/01
UK: UK power prices lower as mild weather hits demand
Reuters English News Service- 10/30/01

Stocks Close Lower as Investors React to Economic Data
Dow Jones Business News- 10/30/01
Enron Shares Fall a Day After Moody's Lowers Rating (Correct)
Bloomberg- 10/30/01

EPDC to Spend $500 Mln Abroad as Japan Deregulates Power Market
Bloomberg- 10/30/01

Enron Default Insurance Signals Eroding Confidence (Update5)
Bloomberg- 10/30/01

U.S. Equity Movers: Anthem, CVS, Enron, Hispanic Broadcasting
Bloomberg- 10/30/01

Enron chairman weathers a storm: Many in Houston believe Lay can get
firm back on track (BUSINESS)
The Dallas Morning News- 10/30/01

USA: Enron shares hit lowest level since July 1992.

10/30/2001
Reuters English News Service
(C) Reuters Limited 2001.
HOUSTON, Oct 30 (Reuters) - Shares of Enron Corp. on Tuesday dropped to their lowest level in more than nine years on Tuesday, a day after the embattled energy giant said it was seeking fresh credit and a rating agency cut some of the company's debt to two notches above junk status.
Enron's stock was down $2.86, or 20.7 percent, at $10.95 in late trading on the New York Stock Exchange, extending the company's losing streak to a 10th straight day. The last time the shares traded below $11 was in July 1992.
After cutting Enron's rating on Monday, Moody's Investors Service warned that it could lower the rating on the company's senior unsecured debt even further, as well as cut Enron's short-term debt status.
Houston-based Enron has lost more than $15 billion in market capitalization in the past two weeks amid a series of disclosures about off-balance-sheet deals with partnerships run by its former chief financial officer who was replaced last week.
The Wall Street Journal said in its Tuesday edition that the U.S. Securities and Exchange Commission (SEC) had moved an inquiry about the deals from its regional office in Fort Worth, Texas, to its Washington D.C. headquarters, indicating that the probe is being treated as a high priority.

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

Wolf Haldenstein Law Firm Announces Class Action Suit on Behalf of Purchasers of ONLY Enron Non-Common-Equity Stock, Including Preferred and Preferred-related Stock, Against Enron Corp.

10/30/2001
Business Wire
(Copyright (c) 2001, Business Wire)
NEW YORK--(BUSINESS WIRE)--Oct. 30, 2001--The following is an announcement from the law firm of Wolf Haldenstein Adler Freeman & Herz LLP:

Wolf Haldenstein Adler Freeman & Herz LLP has commenced a class action lawsuit in the United States District Court for the Southern District of Texas, on behalf of purchasers of all Preferred Stock (collectively "Preferred Securities"), of Enron Corp.
("Enron" or the "Company") (NYSE: ENE) between on or about June 1, 1999, and October 26, 2001, inclusive (the "Class Period") against defendants Enron, Kenneth L. Lay (Chairman of the Board and Chief Executive Officer), Jeffrey K. Skilling (former President, CEO and Chief Operating Officer), and Andrew S. Fastow (former Chief Financial Officer and Executive Vice President). The Class Definition does not include purchasers of Enron convertible stock.
The case name and index number are Steiner v. Enron Corp., et al., H 01-CV-3717, pending in Houston, Texas. The case is before Judge David Hittner.
The complaint alleges that defendants violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5, promulgated thereunder, by issuing materially false and misleading statements during the Class Period that had the effect of artificially inflating the market price of the Company's Preferred Securities. Specifically, the complaint alleges that Enron issued a series of statements concerning its business, financial results and operations which failed to disclose among other things that: (1) on or about June 1, 1999, the Company began entering into a series of extraordinarily leveraged investment and hedging transactions with a group of limited partnerships which were controlled by the then-Chief Financial Officer Andrew S. Fastow. Enron did not publicly disclose the details of these transactions, the material change in its investment and hedging strategy as represented by these transactions, the material increase in the degree of leverage and the business and investment risk with respect to these transactions, and generally, or that these transactions could lead to billions of dollars in borrowings and writedowns of shareholders' equity, which would jeopardize the value of Enron's Preferred Securities; (2) Enron was failure to write-down impaired assets on a timely basis in accordance with GAAP; and (3) the Company's operating results were materially overstated as a result of the Company's failing to timely write-down the value of its investments with certain limited partnerships, including those described above. On October 16, 2001, Enron surprised the market by announcing that in the third quarter of 2001, the Company was taking non-recurring charges of $1.01 billion after tax ($1.11 per diluted share). Enron failed to clearly disclose until October 18 that it also was taking a $1.2 billion writedown in shareholders' equity as a result of unwinding the investments with the limited partnerships controlled by Mr. Fastow. Since the announcement of the $1.2 billion writedown in shareholders' equity, the market price of Enron Preferred Securities has dropped significantly.
This lawsuit is brought on behalf of only the Preferred Shareholders of Enron, which include among others the following classes of stock:

1. Enron Capital LLC, 8.00%, 11/30/43 series, 8 million shares
outstanding, traded on the New York Stock Exchange.

2. Enron Capital Trust I, 8.3% Series, 8 million shares
outstanding, traded on the New York Stock Exchange.

3. Enron Capital Trust II, 8.1250% series (preferred R), 6
million shares outstanding, traded on the New York Stock
Exchange.

4. Enron Capital Trust III, 200,000 shares outstanding.

5. Enron Capital Resources LP, 9.0%, 8/31/24 Series A, 3 million
shares outstanding, traded on the New York Stock Exchange.

6. Portland General Electric, 7.75%, 6/15/07 series, 300,000
shares outstanding, traded on the NASDAQ.

7. Portland General Electric, 8.25%, 12/31/35 Series A, 3 million
shares outstanding, traded on the New York Stock Exchange.

Purchasers of Convertible Preferred Stock are not included in the Class.
Plaintiff seeks to recover damages on behalf of all those who purchased or otherwise acquired Enron Preferred Securities. If you purchased or otherwise acquired Enron Preferred Securities during the Class Period, and either lost money on the transaction or still hold the securities, you may wish to join in the action to serve as lead plaintiff. If you purchased Enron Preferred Securities during the Class Period, you may, no later than December 21, 2001, request that the Court appoint you as lead plaintiff. A lead plaintiff is a representative party that acts on behalf of other class members in directing the litigation. In order to be appointed lead plaintiff, the Court must determine the class member's claim is typical of the claims of other class members, and that the class member will adequately represent the class. Under certain circumstances, one or more class members may together serve as "lead plaintiffs." Your ability to share in any recovery is not, however, affected by the decision whether or not to serve as a lead plaintiff. You may retain Wolf Haldenstein, or other counsel of your choice, to serve as your counsel in this action. Although you may contact and retain as your counsel one of the law firms which are representing common stock shareholders in related litigations, we recommend that anyone who owns Preferred Securities should contact attorneys who will only represent preferred shareholders.
Wolf Haldenstein has extensive experience in the prosecution of securities class actions and derivative litigation in state and federal trial and appellate courts across the country. The firm has approximately 60 attorneys in various practice areas; and offices in Chicago, New Jersey, New York City, San Diego, and West Palm Beach. The reputation and expertise of this firm in shareholder and other class litigation has been repeatedly recognized by the courts, which have appointed it to major positions in complex securities, multi-district and consolidated litigation.
If you interested in being included in our action or serving as one of the lead plaintiffs, please contact Wolf Haldenstein Adler Freeman & Herz LLP at 270 Madison Avenue, New York, New York 10016, by telephone at (800) 575-0735 (George Peters, Derek Behnke, Robert B. Weintraub, Esq., Jeffrey G. Smith, Esq., Daniel W. Krasner, Esq.), via e-mail at classmember@whafh.com or visit our website at http://www.whafh.com. Your e-mail should refer to Enron Preferred Securities.

CONTACT: Wolf Haldenstein Adler Freeman & Herz LLP, New York George Peters, Derek Behnke, Robert B. Weintraub Jeffrey G. Smith, Daniel W. Krasner 800/575-0735
15:43 EST OCTOBER 30, 2001

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

UK: UK power prices lower as mild weather hits demand.

10/30/2001
Reuters English News Service
(C) Reuters Limited 2001.
LONDON, Oct 30 (Reuters) - UK electricity prices dipped on Tuesday, pressured by a sagging prompt market as mild weather dented demand.
Liquidity fell as around 10 companies kept on hold their dealings with U.S. group Enron as they reviewed their credit arrangements with the troubled company.
"There have been a few problems with liquidity, there aren't as many prices out there, but it's not serious," said one trader.
Enron, mainly via its EnronOnline Internet platform is one of the UK market's biggest traders.
Day ahead baseload last traded around 15.20 pounds a megawatt hour, down five pounds from the previous close. It was offered at 15.45 pounds at the close.
Traders blamed lower-than-expected demand due to warm weather for prompt market weakness.
National Grid said demand through to the middle of last week was about two percent down on the same period last year.
December baseload also fell sharply, assessed around 19.05 pounds, down 70 pence.
Forward curve prices also dropped as a bearish tone took hold across the market.
Summer 02 baseload was down about 10 pence at 17.32 pounds and winter 02 baseload shed 20 pence to 19.70 pounds.

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

Stocks Close Lower as Investors React to Economic Data
By Erin Schulte

10/30/2001
Dow Jones Business News
(Copyright (c) 2001, Dow Jones & Company, Inc.)
The Wall Street Journal Interactive
Stocks declined Tuesday after a consumer-confidence report fell far short of economists' expectations, though losses narrowed slightly throughout the day.
The Dow Jones Industrial Average ended down 147.52, or 1.6%, at 9121.98 after skidding 275.67 in the previous session; at one point, the average had been down more than 200 points. The Nasdaq Composite Index dropped 32.11, or 1.9%, to 1667.41 after tumbling 69.44 on Monday.
Other indexes also lost ground. The S&P 500 Index gave back 18.51 to 1059.79, the New York Stock Exchange Composite Index sank 9.11 to 546.74, and the Russell 2000 Index declined 6.58 to 422.83.
Bonds gained and the dollar was mixed.
The Conference Board, a New York research group, said U.S. consumer confidence slid in October to a much weaker-than-expected reading and the lowest level since 1994.
The main index fell to 85.5 in October from a revised 97 in September; economists surveyed by Thomson Global Markets had expected an October reading of 96.
This month's report was previously cited by bond-market strategists as an indicator of particular importance to gauge the response of consumers in the weeks following the Sept. 11 terrorist attacks on New York and Washington, but also the level of confidence as the U.S. continues to face the threat of anthrax.
Ian Shepherdson, chief U.S. economist for High Frequency Economics, said the number was "in short, awful." However, he added, much of the decline could be blamed on the present-situation number, which tumbled to 107.6 from 125.4.
"If there is any saving grace in these numbers it is that the present-situation index, which tells us little about future spending, fell by much more than the expectations number, which does have real forward-looking value," he said. The expectations number dropped to 70.8 from 78.1
The consumer-confidence report is one of several key indicators due out this week.
On Wednesday, the Bureau of Economic Analysis will report on third-quarter gross domestic product. On Thursday, the National Association of Purchasing Management will report on how the manufacturing sector fared in October, and the Labor Department's closely watched monthly unemployment data will be released Friday.
Selling in key international markets also pressured Wall Street. Frankfurt's DAX was down 2.5%, while London's Financial Times-Stock Exchange 100-Share Index was down 1.6%. Earlier, Japan's Nikkei 225 Average closed with a loss of 0.94%, and Hong Kong's Hang Seng Index fell 1%.
Among stocks to watch, CVS was one of the Big Board's biggest losers, tumbling 23% after the drugstore chain posted a 23% decline in third-quarter net income and unveiled a restructuring plan that includes the shutdown of about 200 stores in the first quarter of next year.
Also, Merrill Lynch cut the company's long-term rating to "accumulate" from "buy."
"Shrinkage, poor general merchandise sales and supermarket-type discounting are all robbing the company of a vital year-end gross-margin flourish," said Merrill Lynch analyst Mark Husson. "While these problems are fixable, we believe there is not much for investors to get excited about in the intermediate-term."
Rite Aid and Walgreen's followed CVS's path lower, declining 9.5% and 2.7% respectively after Merrill Lynch cut their long-term ratings to "accumulate" from "buy."
Dow component Eastman Kodak was the biggest loser of the industrial average, sinking 6.9% after Lehman Brothers said Wal-Mart Stores was ready to unveil a private-label film offering, which could hurt sales for Kodak's film.
McDonald's also was a big loser among Dow industrial components, giving up 4.7% after the fast-food chain cut its earnings guidance for 2002 to an improvement of between 5% to 10%, well below traditional double-digit guidance. The company also said it will take a charge in the current quarter to cover restructuring.
And Dow component Philip Morris lost 4% after Goldman Sachs analyst Marc Cohen removed the tobacco giant from his "recommended for purchase" list and lowered the 2002 earnings estimate to $4.45 a share from $4.53, which represents 10% profit growth instead of previously expected growth of 12%.
Enron shares tumbled 19% as credit concerns persisted about the Houston energy-trading company. Moody's Investors Service lowered its ratings by one notch on the company's senior unsecured debt and kept the company under review for a possible further downgrade. And the Securities and Exchange Commission has moved its inquiry into Enron's finances to the agency's Washington headquarters from a regional office.
In major U.S. market action:
Stocks fell. On the Big Board, where 1.30 billion shares traded, 2,159 stocks fell and 943 rose. On the Nasdaq, 1.79 billion shares traded hands.
Bonds gained. The 10-year Treasury note rose more than 1/2 point, or $5 for each $1,000 invested. The yield, which moves inversely to price, fell to 4.416%. The 30-year bond was up 3/4 point to yield 5.215%.
The dollar was mixed. It traded at 121.94 yen, down from 122.97 late Monday, while the euro fell against the dollar to 90.46 U.S. cents from 90.48.
Copyright (c) 2001 Dow Jones & Company, Inc.
All Rights Reserved.

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

Enron Shares Fall a Day After Moody's Lowers Rating (Correct)
2001-10-30 16:48 (New York)

Enron Shares Fall a Day After Moody's Lowers Rating (Correct)

     (Corrects today's low price in second paragraph.)

     Houston, Oct. 30 (Bloomberg) -- Enron Corp. shares fell 19
percent after touching the lowest level in more than nine years, a
day after Moody's Investors Service placed the largest energy
trader's rating for commercial paper on review for downgrade and
lowered its long-term debt to two notches above junk status.

     Shares of Enron dropped $2.65 to $11.16. Earlier, the stock
fell to $10.90, the lowest since July 1992. The stock, down for
the 10th day in a row, has tumbled 87 percent this year.

     Moody's lowered Enron's long-term credit rating to ``Baa2''
from ``Baa1'' yesterday. It also placed the company's ``P-2''
rating for commercial paper on review for possible downgrade.

     ``I think investors would have loved to have no downgrade or
a more stable outlook for the company,'' Commerzbank Securities
analyst Andre Meade said. ``Moody's left some uncertainty.''

     Meade doesn't own Enron shares and rates the company
``accumulate.''

     Executives from Exelon Corp., American Electric Power Co. and
Northeast Utilities said they still are trading with Enron.

                        `Watching Closely'

     ``Nervous is probably not the right word, but we are watching
very closely,'' AEP Chief Executive Officer Linn Draper said at an
energy conference in New Orleans. ``We are focusing our new deals
with them in the short term, November and December,''

     Columbus, Ohio-based AEP is the biggest U.S. electricity
generator. Traders often buy and sell power for delivery the next
day or for over a week, month, quarter or calendar year. The
Bloomberg Energy Service is quoting power prices for as far ahead
as September 2003.

     ``We are keeping a close eye on our exposure,'' Exelon Corp.
Co-Chief Executive Officer John Rowe said at the conference. ``We
are keeping a tight dollar limit on trades.'' He declined to
provide specifics.

     Chicago-based Exelon is the biggest U.S. nuclear-power
producer.

     ``Three weeks ago, we started monitoring our position with
Enron,'' Northeast Chief Financial Officer John Forsgren said at
the conference. ``Right now, we have a net payable to them, so
there's no exposure on our side, and we'll probably keep it that
way.''

     Northeast, based in Berlin, Connecticut, will continue to
trade with Enron as long as its debt ratings remain investment
grade, Forsgren said. Northeast is New England's biggest utility
owner.

                            SEC Inquiry

     The Wall Street Journal reported that a U.S. Securities and
Exchange Commission inquiry into Enron's financial dealings with
affiliates, run by the company's former chief financial officer
Andrew Fastow, has moved to Washington, signaling the
investigation has become more serious.

      Investors say they are worried about $3.3 billion in
liabilities from the affiliates, which were formed to buy and sell
Enron assets. Houston-based Enron ousted Fastow on Wednesday amid
the SEC inquiry into the partnerships he ran that cost the company
at least $35 million.

     Other energy stocks also fell today as the price of natural
gas on the New York Mercantile Exchange dropped as much as 3.7
percent. The Standard & Poor's 500 Index as much as 2.3 percent as
consumer confidence in the U.S. economy dropped in October to the
lowest level in more than 7 1/2 years.

     Shares of Duke Energy Corp. fell $1.43 to $37.71. Dynegy Inc.
dropped $2.63, or 6.8 percent, to $36.30. El Paso Corp. fell
$1.54, or 3 percent, to $49.20. Exxon Mobil Corp. fell $1.22, or 3
percent, to $39.46.

EPDC to Spend $500 Mln Abroad as Japan Deregulates Power Market
2001-10-30 16:46 (New York)

EPDC to Spend $500 Mln Abroad as Japan Deregulates Power Market

     Tokyo, Oct. 31 (Bloomberg) -- Electric Power Development Co.,
set up 49 years ago by Japan to power industrial growth, plans to
spend $500 million on utility stakes from Thailand to the U.S. to
help its first share sale as competition increases at home.

     EPDC, two-thirds owned by the finance ministry and the rest
by Japan's nine regional power companies, wants to add almost
2,000 megawatts capacity with stakes in power plants in the
Philippines, Korea, Taiwan, China and the U.S., to supplement
investments in Thailand and India, said Masahide Takaraya, deputy
director general of the company's international division.

     With Japan facing its worst recession in a decade, and the
government ending regional power monopolies in the country's $122
billion electricity market, EPDC, Tokyo Electric Power Co. and
rivals are looking overseas to expand.

     ``So far, their foreign investments are not big enough to
offset the domestic downturn. If they want to improve their
profit, (overseas acquisitions) have to get a lot bigger,'' said
Yoshihiko Ito. He has no power stocks among the $1.5 billion he
helps manage for Asahi Life Investment Co. because ``they're
constantly under the threat of deregulation and have no pricing
power.''

     In March 2000, Japan began deregulation by allowing 30
percent of the biggest power users to buy electricity from any
supplier, ending decades of monopoly by ten regional generators.
Enron Corp., the largest energy trader, said it may generate and
supply electricity in Japan in one or two years if the market
opens.

     Meanwhile, Japan's economy will probably shrink this fiscal
year and next, the Bank of Japan said.

                           Asian Influx

     ``All Japanese power companies are looking abroad because the
Japanese economy is worsening,'' said Masahiro Oonishi, head of
EPDC's planning and administration department. ``Nowadays the
international department is trying to find big businesses in
Asia.''

     Tokyo Electric, or Tepco, in 1999 bought a tenth of
Baltimore, Maryland-based Orion Power Holdings Inc. for $80
million, a stake it has since sold to Reliant Energy Inc. Japan's
largest power company now has investments in Taiwan and Vietnam.

     ``We're seeking alternative profit sources outside of Japan
following deregulation in the local electricity industry,'' said
Takashi Nakayama, a Tepco spokesman.

     EDPC began its overseas campaign even earlier, in 1997, with
a 50 megawatt geothermal project in the Philippines. Last year, it
bought 11 percent of BPL Group's 520 megawatt power project at
Ramagundam in south India. It now owns minority stakes in power
projects in the Philippines, China and Thailand.

     Still, the expansion in Asia may have more to do with
troubles in Japan than the attractiveness of overseas investment,
said Hiroyuki Sakaida, an analyst at BNP Paribas Securities Japan
Ltd.

                           No Confidence

     ``They have no confidence they can get higher returns
abroad,'' said Sakaida. ``They're forced to seek business because
of sharper competition at home.''

     Japanese utilities make an average 5 percent return on their
domestic assets. Even if Asian acquisitions give a higher return,
that may be offset by political and currency risks, Sakaida said.

     Rivals' failed investments underline the point. Enron Corp.
is trying to sell its 65 percent stake in Indian generator Dabhol
Power Co., which is mired in a nine-month-old payment dispute with
its sole customer, Maharashtra State. Malaysia's Tenaga Nasional
Bhd., has labeled its Pakistan investment `Liability Power'
because the unit, Liberty Power Ltd., has lost $132 million.

     Japanese power companies ``need to avoid country risks abroad
where they have little experience,'' Sakaida said. ``Thailand is a
good choice because it has a relatively small country risk.''

     Almost half of EPDC's $100 million overseas investments to
date are in Thailand, including a half share of Gulf Electric Pcl,
60 percent-owner of a 734-megawatt coal-fired power project; and
19 percent of a 700 megawatt plant run by Thai Oil Power Co. EPDC
is also building in Thailand its first biomass plant outside
Japan, which uses agricultural waste as fuel.

                       Favorite Destination

     ``Thailand is our favorite destination because we believe
political risk there is almost zero,'' said EPDC's Takaraya.

     ``Still, it's a little bit dangerous to concentrate our
portfolio in one country.'' The next acquisition may be a stake in
a gas-fired power plant in the Philippines, he said.

     EPDC's overseas campaign demonstrates Japan's change in
policy. The company was set up in 1952 to build hydro and coal-
fired power stations to reduce dependence on oil-fired power and
help meet increasing demand from industrial growth. Its 58
hydropower plants and eight thermal stations are able to generate
as much as 16,015 megawatts, or 6.4 percent of the country's
capacity.

     EPDC's sales for the year ended March rose 10 percent to $4.1
billion, while gross profit rose 7 percent to $292 million.
     In June 1997, Japan's cabinet decided to privatize the
company within five years as part of the proposed deregulation.
The sale, now expected in 2003, would help cut the company's debt,
which totaled 2.1 trillion yen ($17 billion), or 30 times its
capital, in March.

     Japan's power producers, able to sell bonds paying as little
as 0.5 percent, are some of Asia's biggest borrowers. Tepco owed
7.76 trillion yen in long term debt in March.

     EPDC says it's aware of the political risks in investing in
Asia and chooses markets carefully.

     ``It's not the time to go to Indonesia,'' Takaraya said.

Enron Default Insurance Signals Eroding Confidence (Update5)
2001-10-30 16:32 (New York)

Enron Default Insurance Signals Eroding Confidence (Update5)

     (Adds background in 10th paragraph.)

     New York, Oct. 30 (Bloomberg) -- The price that investors pay
to protect against a bond default by Enron Corp. doubled this
week, reflecting on erosion of confidence in the biggest energy
trader. The shares plunged for a 10th day.

     To hedge against losses for the next 18 months, investors now
have to pay as much as 16.5 percent of the face value of bonds
they own. A week ago, such insurance cost 7.5 percent,  according
to CreditSights Inc.

      Enron ``made a lot of people nervous and the concern is the
nervousness will seep into Enron's operating business,'' said
Austin Ramzy, director of fixed income research at Principal
Capital Income Investors in Des Moines, Iowa, which owns about
$190 million in Enron bonds. ``The question of the day is whether
the crisis of confidence can be stopped.''

      The increase in the price of so-called default swaps is
another reflection, along with a 65 percent decline in Enron
shares in the past two weeks, that investors are losing confidence
in the company, analysts said.

     Enron shares, down 19 percent today to $11.16, have fallen
every day since the company surprised investors by writing off
$1.2 billion of assets on Oct. 17.

     Enron's 6.4 percent coupon bonds due in 2006 were bid at 73
cents on the dollar, traders said, down as much as 7 cents from
yesterday's price of 80 cents. The debt now yields 14.5 percent,
up from 12.1percent yesterday and 10.8 percent on Friday.

                             Exposure

     ``Banks wanting to hedge risk are pushing the price higher,''
said Andy Palmer, who doesn't own Enron bonds in the $1.25 billion
he helps manage at ASB Capital Management Inc.

     Enron default protection has risen from less than 3 percent
per year, a price that is common for similarly rated companies.
Other energy traders' such as Williams Cos. Inc. and Dynegy Inc.
both have default insurance premiums below 2 percent per year,
traders said.

     The increase in Enron's credit default swaps ``may be
overstating the default risk,'' said Palmer. The purchasers of the
default swaps are mainly banks that have loan exposure to Enron
and ``banks are not as price-sensitive as institutional
investors,'' said Palmer. ``They just want to get the exposure off
their books.''

     Principal Capital, which is an institutional investor, said
did not buy protection for its $190 million of Enron bonds.

     John Tompkins, a trader at CreditTrade, a credit derivatives
brokerage, said there's interest among buyers, though not sellers
of Enron default swaps. He said there are bids for Enron credit
default swaps at 7 to 8 percent annually for five years'
protection and 12 percent annually on the three years' contract --
with no offers.

     Enron Credit was one of the world's biggest non-bank traders
of default insurance.

                            Undisclosed

     The largest energy trader's troubles began two weeks ago when
it reported $1.01 billion in losses, including more than $544
million written off on a competitive energy supplier business and
a bandwidth trading business.

     Enron formed at least 18 affiliated companies to buy and sell
company assets, according to records from the Texas secretary of
state. Some of those affiliates profited after Enron used $1.2
billion of company stock to buy back assets from the partnership.

     The Houston-based company losses included $35 million from
partnerships set up by Chief Financial Officer Andrew Fastow.
Fastow was later fired as chief financial officer and the U.S.
Securities and Exchange Commission has asked for information about
the transactions.

     The disclosure has set off concern among investors about how
little is known about Enron's balance sheet and caused ratings
companies to examine the company.

     ``Investors are nervous about this name,'' said Freda Lam, a
fixed-income analyst at J.P. Morgan Chase & Co. in New York.

                        Investor Relations

     Enron's long-term debt rating was cut yesterday to ``Baa2,''
two levels above junk, from ``Baa1.'' Moody's also placed the
Houston-based company's ``P-2'' rating for commercial paper --
borrowing for nine-months or less -- on review for downgrade.
Enron has been shut off from the commercial paper market since the
ratings agencies began the review.

     The lack of access to money markets makes it more difficult
for Enron to borrow the short-term cash needed to run its trading
businesses. Ahead of a potential cut, Enron took out bank lines to
repay $2 billion in commercial paper last week.

     Still, many on Wall Street expects Enron's bonds to be paid
and its stock price to bounce back.

     ``We suspect that Enron's share price will not likely recover
in the near term,'' Lam said. ``We ultimately expect this company
to be successful. But it needs to improve its investor relations
and its disclosure.''

U.S. Equity Movers: Anthem, CVS, Enron, Hispanic Broadcasting
2001-10-30 13:24 (New York)

U.S. Equity Movers: Anthem, CVS, Enron, Hispanic Broadcasting

     New York, Oct. 30 (Bloomberg) -- The following is a list of
companies whose shares are moving in U.S. markets Monday, Oct. 29.
The stock symbol is in parentheses after the company name.

Major Moving Stocks:

     Anthem Inc. (ATH) rose $4.57, or 13 percent, to $40.57 and
traded as high as $40.80. The health-benefits company raised $1.78
billion in its initial public offering.

     CVS Corp. (CVS) fell $8.01, or 25 percent, to $23.61 and
traded as low as $23. The drugstore chain said profit this year
will unexpectedly decline and it will close 200 stores and cut
jobs early next year.

Other Moving Stocks:

     CrossWorlds Software Inc. (CWLD) rose $1.02, or 29 percent,
to $4.56 and traded as high as $4.58. International Business
Machines Corp. (IBM) agreed to buy the maker of electronic-
commerce software for $129 million in cash.

     CSG Systems International Inc. (CSGS) fell $6.94, or 18
percent, to $32.26 and traded as low as $30.40. The provider of
billing services for cable- and satellite-television companies
expects 2002 earnings of $2 to $2.15 a share, which is lower than
the $2.48 average estimate of analysts polled by Thomson
Financial/First Call.

     CTC Communications Group Inc. (CPTL) fell 90 cents, or 13
percent, to $6 and traded as low as $5.26. The provider of
telecommunications services doesn't expect to have positive
earnings before interest, taxes, depreciation and amortization
until the fourth quarter ending in March. That is one quarter
later than its previous estimate.

     Dycom Industries Inc. (DY) fell $1.40, or 11 percent, to
$10.99 and traded as low as $10.75. The provider of engineering
and construction services to telecommunications companies said
profit, excluding certain costs, in the first quarter ended
Saturday was 13 cents to 15 cents a share. On that basis, which
isn't in accordance with generally accepted accounting principles,
profit was 5 cents to 7 cents below expectations, the company said
in a statement distributed by PR Newswire.

     Enron Corp. (ENE) fell $2.51, or 18 percent, to $11.30 and
traded as low as $11.07. The Securities and Exchange Commission
will move its investigation of the energy trader to Washington
from Fort Worth, Texas, a sign the agency wants to make a quick
decision above whether to allege securities-law violations, the
Wall Street Journal reported.

     Ensco International Inc. (ESV) fell $2.25, or 10 percent, to
$20.32 and traded as low as $20. The offshore oil driller was
downgraded to ``hold'' from ``add'' by ABN Amro Securities LLC
analyst Matthew Conlan.

     Hispanic Broadcasting Co. (HSP) fell $2.76, or 15 percent, to
$15.25 and traded as low as $15.05. The Spanish-language
broadcaster said third-quarter profit fell to 8 cents a share from
12 cents a year earlier because it sold less advertising.

     Homestore.com Inc. (HOMS) fell 74 cents, or 13 percent, to
$5.15 and traded as low as $4.86. The Internet real-estate listing
service was downgraded to ``market outperform'' from ``recommend
list'' by Goldman, Sachs & Co. analyst Anthony Noto.

     Macrovision Corp. (MVSN) fell $8.75, or 26 percent, to $24.72
and traded as low as $23.80. The maker of copyright-protection
software expects fourth-quarter revenue to be unchanged from the
$23 million it had in the third quarter. It was expected to have
sales of $31.5 million, the average estimate of four analysts
surveyed by First Call.

     McDonald's Corp. (MCD) fell for a second day, dropping $1.61,
or 5.9 percent, to $25.67. The stock traded as low as $25.55. The
fast-food chain yesterday said it will open 200 fewer restaurants
and buy back as much as $5 billion in stock, as the company tries
to turn around four quarters of falling profit.

     Odwalla Inc. (ODWA) rose $3.29, or 28 percent, to $15.12 and
traded as high as $15.21. Coca-Cola Co. (KO) agreed to buy the
natural fruit-drink maker for $181 million in cash. Coca-Cola will
pay $15.25 a share for Odwalla's common stock.

     Openwave Systems Inc. (OPWV) fell $1.91, or 21 percent, to
$7.08 and traded as low as $6.69. The maker of software for
accessing the Internet over mobile phones said sales in the second
quarter ending in December will be about $100 million, which is
less than the $123.4 million average estimate of analysts polled
by First Call.

     RehabCare Group Inc. (RHB) fell $13.48, or 35 percent, to
$25.22 and traded as low as $23. The manager of hospital
rehabilitation services said it will have fourth-quarter earnings
of 41 cents to 42 cents a share. The company had been expected to
earn 46 cents, the average estimate of six analysts polled by
First Call.

     Royal Caribbean Cruises Ltd. (RCL) rose $1.66, or 18 percent,
to $10.81 and traded as high as $10.95. The cruise-line company
had third-quarter net income of 82 cents a share, compared with
the 72-cent average estimate of analysts polled by First Call.

     Sulzer Medica AG (SM) American depositary shares, 10 of which
represent one share, fell $1.49, or 35 percent, to $2.80 and
traded as low as $2.30. The maker of orthopedic products said a
court will allow individual lawsuits over faulty hip and knee
implants, casting doubt on a plan for a group settlement.

Enron chairman weathers a storm: Many in Houston believe Lay can get
firm back on track (BUSINESS)
Bruce Nichols

10/28/2001
The Dallas Morning News
1H
Copyright 2001 Gale Group Inc. All rights reserved. COPYRIGHT 2001 The
Dallas Morning News, L.P.

  HOUSTON - Over the last 15 years, Enron Corp. has transformed itself
from a sleepy gas pipeline company into an energy trading giant.

  Chairman Ken Lay has changed along with it, from mere titan of
business to Houston's leading citizen.

  So when business reversals hit Enron and Mr. Lay, the ripples are felt
throughout civic life in a city where he has held virtually every
leadership position and the corporate name graces the baseball stadium.

  Two months after his heir apparent resigned, Mr. Lay has seen his
company buffeted by investors and has had to oust his chief financial
officer.

  The Securities and Exchange Commission is looking into deals in which
the former CFO played dual roles with Enron and a hedge group.

  "My sense is it's probably a little too soon to tell what the impact
is with Ken himself," said Bob Eury, president of Central Houston Inc.,
a downtown development group.

  A loss of his and Enron's leadership "would be profound," Mr. Eury
added, but most Houstonians expect Mr. Lay to weather the company's
difficulties and continue his "marvelous leadership out in the
community."

  Still, no one is going to be surprised if Mr. Lay is preoccupied for a
while.

  "If the ship's on fire, you address that first," said oilman George
Strake, who has worked with Mr. Lay on civic projects.

  Mr. Lay, 58, returned to the chief executive's role in August when his
protege, Jeffrey K. Skilling, quit as CEO and president after only six
months on the job. And Mr. Lay cited those burdens last week when he
resigned as a director for i2 Technologies, the software developer based
in Farmers Branch.

  "This is a very painful decision," Mr. Lay said in a prepared
statement. "But now that I am again taking on the CEO responsibilities
at Enron, I must reduce my outside activities."

  Enron's fall has been hard.

  From a 52-week peak of $84.62 on Dec. 28, the stock has been tumbling
for months. It skidded all the way to $15.40 as of Friday's close, about
half its value just two weeks earlier.

  Profits remain strong, but the company has announced write-downs of
key assets - totaling $1.01 billion in after-tax nonrecurring expenses -
and Wall Street analysts have turned coldly skeptical, if not hostile.

  Mounting troubles

  Enron confirmed the Securities and Exchange Commission inquiry into
deals involving the just-departed CFO, Andrew Fastow. Under pressure,
Enron replaced him Wednesday.

  There have been other troubles, too. As lead advocate for electricity
market restructuring, Enron found itself under furious attack during
California's energy crisis last spring. Investments in communications
and water businesses soured. A huge power plant project in India has
become a problem.

  Mr. Lay has said all the concern is misplaced.

  "To say the least, we are ... disappointed with our stock price," he
told investors last week. But "our businesses are performing very well,
and we're continuing to conduct business as usual."

  As for the SEC's interest, "We welcome ... the opportunity it provides
us to put these matters to rest," he said.

  Skepticism that Mr. Lay can pull Enron back into the middle of the
road exists in Houston.

  But the doubters don't want to be quoted by name and are not
necessarily betting against him, considering his past successes.

  In Houston, "nobody's dancing on his grave," said lawyer David Berg,
who's active in civic and political affairs. "There's a lot of residual
respect for Ken Lay, and it's not going to go away even if he goes
bankrupt, but that isn't going to happen."

  Wall Street reaction

  Financier Charles Miller, a Wall Street veteran, said analysts appear
to be ganging up on Enron, with a few making "indefensible" comments
that might be criminal if made about a bank.

  "Wall Street may be envious of the fact that, from the trading
standpoint, he may have made one of the most profitable trading
operations in the history of the world and, from all I can tell, very
soundly," Mr. Miller said.

  From Wall Street comes a different interpretation: After the exit of
two top executives in two months, the company's other problems, and the
SEC's inquiry, it's time for more information from the company.

  "They've breached the confidence level with one thing after another,"
said John Parry, analyst with John S. Herold Inc.

  The 1980s oil, banking, and real estate busts have colored Houston's
attitude toward business reversals, some say.

  Having seen fortunes rise, fall, and rise again in the '90s, Houston
is less likely to lose leaders to temporary setbacks, energy banker
Matthew Simmons said.

  "Most cities, if you're new or if you're struggling, you're shut out,"
Mr. Simmons said. Not Houston, and "I think that's its genius."

  Real estate investor Ned Holmes recalled that when Exxon Corp.
suffered through the 1989 Alaska oil spill, the Chamber of Commerce
threw a reception to express support and appreciation for the company's
civic contributions.

  "We all turned out and told them that ... we know this is a difficult
deal, but they're an important part of this community and we're not
turning our back on them," Mr. Holmes said. "People feel every bit as
strongly, if not more so, about Ken."

  It's hard to overstate the importance of Mr. Lay and Enron in Houston.

  He chaired or co-chaired committees leading Houston in playing host to
the G-7 Summit in 1990 and the Republican National Convention in 1992.
He chaired the University of Houston board of regents.

  When plans for a new baseball stadium hit a snag in the mid-1990s, he
assembled a group of investors to buy the land and facilitate a deal
that led to voter approval. Enron then bought the naming rights to the
Astros' new home, Enron Field.

  Mr. Lay helped lead efforts to win voter approval of a new basketball
arena, now under construction. He has backed rail transit and other
measures to clean Houston's air.

  He and his wife, Linda, have been active in charities and have
supported political candidates.

  New model

  In reinventing itself into a $100 billion-a-year energy trader, Enron
created a business model that other energy companies have followed,
making Houston a leader in a new kind of commodities market.

  Enron, whose influence extends into the White House of President Bush,
is in the midst of adding to Houston's skyline, building a 40-story
building next door to the 50-story building it already occupies.

  Losing Mr. Lay's and Enron's leadership "would be a sizable blow,"
said Jim Kollaer, president of the Greater Houston Partnership, a
business-boosting group that includes the Chamber of Commerce. But "he
hasn't pulled back."

  "He has to be there to answer these questions. He's going to take time
to do that," Mr. Kollaer said. "But he's still functioning in a civic
regard."


Brad,

Attached are the written comments that I prepared while I was traveling.  Let me know when you would like to sit down and talk both about 2001 and directions for 2002.


Kent and Tim,

Here are the gas daily prices at demarc that you requested.  Mike is working on incorporating the daily allocation data in each sum sheet for June forward, and he will provide you that information as soon as possible.

Please let me know if you need further details from me.

Thanks,

Kay

 -----Original Message-----
From: 	Threet, Kay
Sent:	Thursday, October 18, 2001 10:50 AM
To:	Bodnar, Michael
Cc:	Blair, Lynn; Neville, Sue; Miller, Kent; Johanson, Tim
Subject:	Information Request for LS Power FDD Overrun Analysis

Mike,

Kent and Tim called me this morning and said that they have received a letter from LS Power requesting compensation for costs they feel they incurred to adjust their supply due to cuts on their FDD overrun.  Their analysis applies to the period June 1, 2001 to present.  Kent and Tim need data to perform an analysis that will be used to respond to LS Power's (USES) request.

Kent has requested the following for the period June 1 forward:

A list of days where at least one cycle was not allocated (in other words, if we allocated one or more cycles of a gas day, but not every cycle (regardless of which cycle was not allocated), they need an electronic list of those days.
 Electronic copies of each of your final month end sum sheets for June forward.

They want to answer the customer within a week, so they'll need this information at least by early next week.  Kent has requested that all of the information be sent to both him and Tim.

Thanks for your help!

Kay


The following file contains a graphical view of the North American Gas
average deal count by Trader and Product for EOL. This information is for
comparative analysis only.  Do not update links when opening this file.

If you have any questions regarding this breakout, please let me know .

Thanks,
Adam Johnson
x54877
EnronOnline


Thanks Kate, this looks like a good template. At this point, I need to spend
a few minutes with Ed to discuss the scope associated with a project
description.? There are a number of figures and engineering tasks that are
typically required (e.g., flow diagrams, water/steam balances, site
layout/location drawings, noise review, electric inter tie, emissions data,
etc.).
Ed: Could you give me a call on this when you have a minute?

Thanks,
--Bob

ksymes@enron.com wrote:

It looks like the entire EIS for the Hermiston Power Project is here.
However, I have yet to locate anything on the Chehalis Project
specifically. I have ordered hard copies of both documents from BPA and
they should be here by Monday, at which point I can make copies and send
them out.

Please look this over and let me know if it will still be necessary to
send hard copies. I will be happy to accomodate either way.

Katehttp://nepa.eh.doe.gov/eis/eis0230/eis0230_toc.html

First PageList Of FiguresList Of Tables

Resource Contingency Program - Oregon. Final Environmental Statement
Hermiston Power Project EIS-0230

TABLE OF CONTENTS

GLOSSARY

Resource Contingency Program*Oregon

1.0 INTRODUCTION

1.1 Purpose and Need
1.2 Alternatives

2.0 PROJECT DESCRIPTION *HERMISTON
2.1 Site Location
2.2 Project Components
2.3 Operating Schedule
2.4 Construction Schedule
2.5 Decommissioning
3.0 AFFECTED ENVIRONMENT *HERMISTON
3.1 Geology, Soils, and Floodplains
3.2 Water Resources
3.3 Air Quality
3.4 Noise
3.5 Vegetation and Wetlands
3.6 Wildlife and Fisheries Resources
3.7 Land Use
3.8 Cultural Resources
3.9 Socioeconomics and Public Services
3.10 Recreation Resources
3.11 Public Health and Safety
3.12 Visual Quality
4.0 ENVIRONMENTAL EFFECTS *HERMISTON
4.1 Geology, Soils and Floodplains
4.2 Water Resources
4.3 Air Quality
4.4 Noise
4.5 Vegetation/Wetlands
4.6 Wildlife and Fisheries Resources
4.7 Land Use
4.8 Cultural Resources
4.9 Socioeconomics and Public Services
4.10 Recreation Resources
4.11 Public Health and Safety
4.12 Visual Quality

5.0 ENVIRONMENTAL CONSULTATION, REVIEW, AND PERMIT REQUIREMENTS *HERMISTON
5.1 National Environmental Policy Act
5.2 Threatened and Endangered Species and Critical Habitat
5.3 Fish and Wildlife Conservation
5.4 Cultural Resource (Heritage Conservation)
5.5 State, Areawide, and Local Plan and ProgramConsistency
5.6 Coastal Zone Management Program Consistency
5.7 Floodplains
5.8 Wetlands
5.9 Farmlands
5.10 Recreation Resources
5.11 Global Warming
5.12 Permit for Structures in Navigable Waters
5.13 Permit for Discharges into Waters of the United States
5.14 Permits for Right-of-Way on Public Lands
5.15 Energy Conservation at Federal Facilities
5.16 Pollution Control

6.0 LITERATURE CITED *HERMISTON

7.0 PUBLIC COMMENTS ON THE DRAFT EIS AND RESPONSES *HERMISTON
7.1 Draft EIS Public Review Process
7.2 Draft EIS Comment Review Process
7.3 Comments and Responses
8.0 LIST OF PREPARERS
8.1 BPA EIS Team
8.2 Foster Wheeler Environmental EIS Team
APPENDIX A BIOLOGICAL ASSESSMENT FOR THE *HERMISTON POWER PROJECT
This file is not available electronically

APPENDIX B HEALTH AND SAFETY *HERMISTON
This file is not available electronically

First PageList Of FiguresList Of Tables


Sara Shackleton
Enron North America Corp.
1400 Smith Street, EB 3801a
Houston, Texas  77002
713-853-5620 (phone)
713-646-3490 (fax)
sara.shackleton@enron.com
----- Forwarded by Sara Shackleton/HOU/ECT on 05/15/2001 02:56 PM -----

	John Malowney/ENRON@enronXgate
	05/14/2001 09:55 AM

		 To: Sara Shackleton/HOU/ECT@ECT
		 cc:
		 Subject: FW: ISDA

Sara, some time ago we forwarded Louisiana-Pacific (L-P) an ISDA for their
review and consideration.  They have responded with the following comments.
Can you give me a hand in addressing them?  John

 -----Original Message-----
From:  "Roger Dieringer" <Roger.Dieringer@LPCorp.com>@ENRON
[mailto:IMCEANOTES-+22Roger+20Dieringer+22+20+3CRoger+2EDieringer+40LPCorp+2Ec
om+3E+40ENRON@ENRON.com]
Sent: Wednesday, May 09, 2001 11:49 AM
To: Malowney, John
Subject: ISDA

John,

Listed  below are several issues we need to have addressed prior to signing
the  agreement!

1)  Curt Stevens name is consistently  misspelled throughout the documents.
We should also be sure that our new  corporate address is used.  805 SW
Broadway, Suite 1200,  Portland, Oregon 97205-3303.

2)  Enron doesn't like late payments or early termination of their
agreements.  Interest on amounts owing is compounded daily.  John - this
needs to be changed.  What other decent  arrangements can be put in here.  (I
thought only loan sharks compounded  daily?)

3)  Part 3 of the Schedule to the Master Agreement should be amended to
provide that  LP may satisfy its obligation to provide updated financial
information by  posting it to EDGAR or on the web. Enron now has that
ability.

4) We  don't have the 1991 ISDA Definitions or the 1993 ISDA Commodity
Derivatives  Definitions cited in Parts 5 and 6 of the Schedule to the Master
Agreement. I  wasn't able to locate them on the web. We will need these
provide  to LP.

5) The  Credit Support Annex is designed to apply to ISDA Agreements subject
to New York  law. Our Agreement is subject to Texas law. We may not have  the
proper form.

Let me know at your convenience.

Thanks
Roger


Thanks for the update and attachment.  It will be great to have you back here
in Houston.  I have heard lots of good things about your assignment there,
however, so I know that the London group will miss your presence.

I will try to call you Wednesday morning on my way into the office.

I.


I think its a good list to start off with them.  I modified it to include a
few minor additions (see below). Thanks for the inquiry.

Regards,
Ed

PS  Also, please include Louis DiCarlo on the distribution for all of this
type information in the future.  Thanks.


I called you Wednesday night and got the message that your phone was
disconnected.  When I got the same message on Thursday, I got worried.  I
called John's phone and left a message.  Hope you get reconnected soon.
David and I are thinking of going to Ft. Sam tomorrow morning.  Need to buy
some things on post.  Will talk to you this evening.

Love you much,
Mom

Kathryn Sanchez, EdD
Assistant Superintendent
Research and Accountability
Houston Independent School District
Phone (713) 892-6350
Fax   (713) 963-9156
ksanchez@houstonisd.org


<META HTTP-EQUIV="Content-Type" CONTENT="text/html;charset=iso-8859-1">

<META HTTP-EQUIV="Content-Type" CONTENT="text/html; charset=iso-8859-1">

<title>Energy News Live Daily Wrap-Up</title>

Dear Andrew,

We're going to make it through the winter - the North American
Electric Reliability Council released its Winter Assessment on
Tuesday, reporting that generating supply should meet or exceed
estimated energy consumption.  The Washington bureau will take a closer
look at the assessment on Wednesday.

On Wednesday, Interior Secretary Gale Norton talks about the
upcoming Lease Area 181 sale.  Secretary Norton believes there's
still great interest in the sale despite the reduction in size of the
lease area.  The sale is scheduled to take place in New Orleans on
December 5.

The FERC announced sweeping changes on Tuesday in how it looks
at the issue of market power.  The changes could have a big impact on
major power generators.  We'll have reaction from the Washington bureau
on Wednesday from Megawatt Daily Editor Michael Lustig and
Electric Power Supply Association President Lynne Church.  Lustig
joins us during the 9:00 a.m. ET newscast and Church is stopping by at

10:00 a.m. ET.

ENL's Kym McNicholas will also have reaction to Tuesday's FERC
ruling.  On Wednesday, she'll bring us comments from Mirant, the
California Department of Water Resources and the California ISO.  And
during the 1:00 p.m. ET newscast, Independent Energy Producers
Association State Policy Manager Katie Kaplan will join us from the
West Coast bureau to give us her take on the FERC's actions.

Texas Natural Resource Conservation Commission Regional Manager
Leonard Spearman is stopping by the Houston bureau on Wednesday.
He'll talk about the TNRCC's role in strengthening homeland
security at Texas petrochemical plants and refineries.  Catch the
Spearman interview during the 3:00 p.m. ET newscast tomorrow.

The Houston bureau will also bring us a new twist in the search for
alternatives to MTBE.  Chris Paschall of Industry Information
Resources will talk about the possibility of making ethanol out
of wine vines - potential good news for California.  Join us from
Houston on Wednesday.

Broadcasting Note: Reminder - since the markets are closed, we'll be
dark on Thursday and Friday.

Wrap Note: We're adding some of the day's commodity settles to
the Wrap.  Here you go!

Closing Prices for Nov. 20, 2001:

Crude:		$19.15

Unleaded:		$.5281

Heating Oil:	$.5376

Natural Gas:	$2.852

Keep in mind things are subject to change at a moment's notice.
Occasionally guests have to cancel or change time slots.  We'll continue
to do our best to keep you updated on future interviews and events.

Be sure to watch our newscasts every business day - 9 a.m. to 5
p.m. ET, at the top of each hour.

    Jay Rickerts,
EnergyNewsLive.com Anchor

      View today's Energy Wrap Video

      Windows Media Player:
56K  |
100K  |
300K

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300K

      (Requires Windows Media Player or Real
Player)

Experience all that Williams
Energy News Live has to offer!

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Comments? Suggestions? Let us
know or
call (800) WILLIAMS (800-945-5426) weekdays, 7am-7pm CST.

      Copyright 2001 Williams Energy News Live, LLC. All
Rights Reserved.


The company is Nuerotech.  Their symbol is NURO.  They building/market
modular hospitals internationally.  They should be selling at $0.25. Buy
2,000 shares or $500 worth.  I should have the cash in my account from the
Enron sale.


Start Date: 2/28/01; HourAhead hour: 12;  No ancillary schedules awarded.  No
variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001022812.txt

---- Generation Schedule ----
*** Final schedule not found for preferred schedule.
     Details:

  TRANS_TYPE: FINAL
  SC_ID: Wheelabrat
  MKT_TYPE: 2
  TRANS_DATE: 2/28/01
  UNIT_ID: MARTEL_2_AMFOR


- mom2.JPG


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 12/08/2000
07:16 PM ---------------------------

"Dipak Agarwalla" <a_dipak@hotmail.com> on 12/08/2000 10:56:59 AM
To: vkamins@enron.com
cc:
Subject: Paper

Hi Mr. Kaminski,

Thank you for taking your time to interview me for opportunities at Enron. I
enjoyed talking you and learning more about Enron and its dynamic business
environment. I appreciate your consideration for a challenging and rewarding
position in this industry. Please find the attached copy of my dissertation.
If you have any problem in compiling this file, please let me know.

I respected your insights and perspective on the issues addressed in my
Ph.D. dissertation; including the issues on creative model building, factors
affecting natural gas and elctricity demand and supply, and implementation
of these models to simulate the future and help traders in the decision
making of their day to day business.

I appreciated talking with you. Thank you for considering me. I am
enthusiastic about opportunities at Enron and look forward to hearing from
you.

Sincerely

Dipak Agarwalla

______________________________________________________________________________
_______
Get more from the Web.  FREE MSN Explorer download : http://explorer.msn.com

 - Dissertation-Dipak Agarwalla.doc


After researching the position further, I am very much interested in formally
applying to work in Deal Control. I have spoken with Jeff Richter, Val Sabo,
and Carla Hoffman about the requirements and responsibilities of the job, and
I have a good understanding of the kind of candidate they're looking for. I
feel I fit that profile and am excited by the challenge it presents.

I have also spoken with Mollie Gustafson and Chris Calger, who have given me
their support in pursuing another opportunity within the company. (Although
they would be understandably heartbroken.)

Please let me know at your earliest convenience how to proceed in applying
for this position. Thank you for your help, Amy.

Kate


Technical Training
in conjunction with the
HOUSTON ENERGY EXPO

MARCH 20 - 21, 2001
Hyatt Regency Hotel - Downtown

We are offering:

Fundamentals of Electricity
Basics of Risk Management
Natural Gas - Wellhead to Burnertip

There are only 25 spots in each class, so sign up today!

Go to www.nesanet.org <http://www.nesanet.org>  , in Educational Programs
each class is listed with details and a registration form.

Member price is $545 per person.
Non-member price is $745 per person.

If you have any questions, please give me a call!!

Lana Moore
(713) 856-6525


The attached legal report summarizes current significant legal activities of
ENA Legal as of September 15, 2000.  This report does not attempt to list all
transactions or include reference to on-going maintenance of completed
transactions.

 Please let me know if you have any questions.


That sounds nice but if we continue to make programs for M.O.P.,  I would
like to use the short ones.

Hey what do you think of this one, I even thought we  could give what ever
ones you won't use for the church's programs on Sunday.

> HOW DO YOU LIVE YOUR DASH?
>
>   I read of a man who stood to speak
>  At the funeral of a friend.
>  He referred to the dates on her tombstone
>  From the beginning...to the end.
>  He noted that first came her date of birth
>  And spoke the following date with tears,
>  But he said what mattered most of all
>  Was the dash between those years. (l900-l970)
>
>  For that dash represents all the time
>  That she spent alive on earth...
>  And now only those who loved her
>  Know what that little line is worth.
>  For it matters not, how much we own;
>  The cars...the house...the cash,
>  What matters is how we live and love
>  And how we spend our dash.
>
>  So think about this long and hard...
>  Are there things you'd like to change?
>  For you never know how much time is left,
>  That can still be rearranged.
>  If we could just slow down enough
>  To consider what's true and real,
>  And always try to understand
>  The way other people feel.
>
>  And be less quick to anger,
>  And show appreciation more
>  And love the people in our lives
>  Like we've never loved before.
>  If we treat each other with respect,
>  And more often wear a smile...
>  Remembering that this special dash
>  Might only last a little while.
>
>  So, when your eulogy's being read
>  With your life's actions to rehash...
>  Would you be proud of the things they say
>  About how you spent your dash?
>
>
> Makes a lot of Sense.
> Top


Attached are the confirmation for 02/16/02 through 02/19/02.

TK


calendar and meeting file
----- Forwarded by Steven J Kean/NA/Enron on 02/07/2001 07:49 AM -----

	Ricardo Charvel
	02/05/2001 04:16 PM

		 To: Steven J Kean/NA/Enron@Enron
		 cc:
		 Subject: Mexican Energy Secretary Marten's meeting with Dr. Lay

----- Forwarded by Ricardo Charvel/NA/Enron on 02/05/2001 04:16 PM -----

	Ricardo Charvel
	02/05/2001 04:15 PM

		 To: richard shapiro
		 cc: Steve Kean
		 Subject: Mexican Energy Secretary Marten's meeting with Dr. Lay

Rick,

As you know, last week I had a meeting with Fernando Alonso who is the head
of Investment Promotion at the Mexican Department of Energy.  We discussed
the gas price policy, electric deregulation and the role that Enron has been
playing and can play in all these matters.

I pointed to him that Presidents Bush and Fox were geting together on
February 16th and that President Fox has been declaring to the media that he
will talk about a common energy policy with President Bush.

We agreed that it would be useful for Secretary Martens to Meet with Dr. Lay
before the Presidents meet.  Fernando Alonso admitted to me today that
Secretary Martens wanted to hear Mr. Lays opinion on this subject and perhaps
recieve some advice with respect to talking points for President Fox with
President Bush regarding energy policy.

Secretary  Marten's  team(and now the Secretary himself) view Mr. Lay as an
ideal communication link between the Mexican and the U.S. Governments for
energy policy.  This is the reason why the Secretary wants to meet with Mr.
Lay before the 16th.  Originally they had agreed on meeting on Feb. 12th at
9:00 a.m. Nevertheless, President Fox has asked that Secretary Martens to
meet him in Mexico City on Monday the 12th which is why I got a call from
Fernando Alonso asking if Mr. Lay could see Secretary Martens on Sunday the
11th between 3:00 p.m. and 6:30 p.m.

Secretary Martens has to be at a CERA dinner on Sunday at 7:00 p.m.

Fernando Alonso, Dionisio Perez-Jacome, Undersecretary Niceforo Guerrero and
myself will be meeting tomorrow at 10:00 a.m. to talk about electric
deregulation.  They are expecting an answer from me by then.

Dionisio Perez-Jacome president of the CRE (FERC equivalent) is going to be
in Houston on Monday the 12th.  I would like you and Steve Kean to meet with
him if you are going to be in town.  I would also like to organize a tour for
him that day.  We'll talk about this tomorrow night when I see you.

Thanks for your support.

Ricardo


are you serious?

	Dylan Windham <dwindham@uclink4.berkeley.edu>
	10/02/2000 04:42 PM

		 To: Jeff.Dasovich@enron.com
		 cc:
		 Subject: Re: Teams

NO

At 04:26 PM 10/2/00 -0500, you wrote:
>OK gang, she's hell bent, and I've spent about as much time as I'm willing
>on this.  Sorry about the hassle---Jimmie, if you hadn't used that colorful
>language, we wouldn't be in this mess.  Anyway, unless I hear strong
>protests in the next 30 minutes, I'm writing back to say she can join (and
>has to do the next case all by her lonesome on the team's behalf as
>payback).  Lemme know.
>
>Best,
>Jeff
>----- Forwarded by Jeff Dasovich/NA/Enron on 10/02/2000 04:21 PM -----
>

>                    Christine Piesco

>                    <christine.piesco@o        To:
Jeff.Dasovich@enron.com
>                    racle.com>                 cc:

>                                               Subject:     Re: Teams

>                    10/02/2000 02:39 PM

>

>

>
>
>
>
>Jeff,
>
>I appreciate your help. I sent a note to the Prof last week letting him
>know your
>concerns and asking him to verify once more that a group size of 5 was OK.
>I got
>his response today that it was. Apparently, my old group was the only one
>with 3,
>most of the others have at least 4. If there really is a lot of resistance
>I will
>ask the Professor to assign me randomly to a group. I would simply prefer
>to join
>one that I chose. I appreciate you're group's helping me out of this
>awkward spot,
>if they decide to let me in. Let me know,
>
>Thanks,
>Christine
>
>
>Jeff.Dasovich@enron.com wrote:
>
>> Hi Christine:
>>
>> Yes, forwarded the email you sent last week.  Here's where folks came
>out.
>> First, we think that the folks in your first group are mean.  Second,
>it's
>> a real challenge managing a group of four and there's concern that five
>> will break the camel's back.  Suggestion came up that it might be much
>more
>> mangageable if you could try to link up with a smaller group first.  If
>> there's a problem finding a smaller group, then we could try to do five
>and
>> hope the ship don't sink?
>>
>> Sound reasonable?
>>
>> Best,
>> Jeff
>>
>>
>>                     Christine Piesco
>>                     <christine.piesco@o        To:
>Jeff.Dasovich@enron.com
>>                     racle.com>                 cc:
>>                                                Subject:     Re: Teams
>>                     10/02/2000 01:14 PM
>>
>>
>>
>> Jeff,
>>
>> Have you had a chance to convey what I said to the group, and can I join?
>> Professor Aceves was aware that I talked to you about joining your group,
>> and
>> he sent me an email asking to confirm that I was now in a group. I'd
>> certainly
>> like to be! As you know, I want to make sure I am in one to do the next
>> assignment with. Please let me know, so that if I am joining your group I
>> can
>> make the meetings and contribute to the next case. I do really appreciate
>> your
>> help. :)
>>
>> Thanks,
>> Christine
>>
>> Jeff.Dasovich@enron.com wrote:
>>
>> > Christine:
>> >
>> > My apologies.  My schedule melted down after we talked on Monday.
>Here's
>> > where folks came out.  There's some concern about size.  We're supposed
>> to
>> > be no larger than 3, but we lobbied Aceves and he apparently Ok'd our
>> > "oversized" group.  The other folks in the group--who talked to him
>> > originally--are pretty sure that five will violate the rules.  Folks
>> > wondered if there were other groups that are smaller than ours that you
>> > could hook up with.  Sorry about that---it's a wrinkle that I didn't
>> think
>> > about when we spoke.  If it gets real ugly trying to find a smaller
>> group,
>> > let me know.  Fortunately there's not another team case due for two
>> weeks.
>> >
>> > Best,
>> > Jeff
>>
>> --
>> Christine Piesco
>> Industrials Account Manager
>> Oracle Corporation
>> 500 Oracle Parkway
>> Redwood Shores, CA 94065
>> Phone: (650) 506-3640
>> Fax: (650) 633-3753
>> christine.piesco@oracle.com
>>
>> (See attached file: christine.piesco.vcf)
>
>--
>Christine Piesco
>Industrials Account Manager
>Oracle Corporation
>500 Oracle Parkway
>Redwood Shores, CA 94065
>Phone: (650) 506-3640
>Fax: (650) 633-3753
>christine.piesco@oracle.com
>
>
>(See attached file: christine.piesco.vcf)
>
>Attachment Converted:
"C:\PROGRA~1\eudora\windham\attach\christine.piesco2.vcf"
>


--------- Inline attachment follows ---------

From:  </O=ENRON/OU=NA/CN=RECIPIENTS/CN=BROGERS>
To: Rogers, Benjamin </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Brogers>
Date: Monday, February 25, 2002 3:45:54 GMT
Subject:


We can accomodate you.  However I am not sure if Laura wants us to meet this
week.


Please include on our database
----- Forwarded by Richard B Sanders/HOU/ECT on 06/11/2001 10:30 AM -----

	David Grant/ENRON@enronXgate
	06/06/2001 08:41 AM

		 To: Bonnie White/ENRON@enronXgate, Richard B Sanders/HOU/ECT@ECT
		 cc: Andrew Edison/NA/Enron@Enron, Linda R Guinn/HOU/ECT@ECT, Rob
Cole/ENRON@enronXgate
		 Subject: RE: Brunilda Ocasio Cuadro, et al. v. San Juan Gas Company

After conferring with Rob Cole, I will make my recommendation to Mr. Derrick
today as to local counsel so that we may get a responsive pleading on file in
a timely fashion. Thereafter, Rob and I will coordinate the defense with
local counsel and report in the usual fashion.

 -----Original Message-----
From:  White, Bonnie
Sent: Tuesday, June 05, 2001 6:14 PM
To: Sanders, Richard
Cc: Edison, Andrew; Guinn, Linda; Grant, David; Cole, Rob
Subject: Brunilda Ocasio Cuadro, et al. v. San Juan Gas Company

You will have received notice of service of process in the above-referenced
case today.  This is a slip and fall case filed against San Juan Gas.  The
Risk Management group already has a file on this matter, as the plaintiff had
previously filed a demand.  Upon investigation, Risk Management determined
that the plaintiff's alleged accident occurred at a facility that is NOT
owned by San Juan Gas, and, thus, denied the claim.  The matter will be
handled as a Risk Management matter, and Dave Grant will manage the
activities of outside counsel.  If you need any further information on this
matter, please contact Dave.

Thanks.

Bonnie J. White
Enron Litigation Unit
1400 Smith Street, Suite 4824
Houston, TX  77002
Ph:  713-853-7244
Fax: 713-853-6576
bonnie.white@enron.com


steve and rick-
mark halperin is the political director at abc -- the smart guy sitting to
peter jennings's right all night on election night who knew everything. his
brother is a speechwriter at the nsc. you'll see below his recommendation of
mark katz and his number.

i also emailed peggy noonan to ask for any ideas. haven't heard from her
yet. she's been very busy writing some of the more brilliant commentary on
the current situation which i'm sure hasn't been allowed into the shapiro
empire.

speaking of stock prices, what the hell happened yesterday? i'm still a
stock holder (very small) so pass my bitches along to koenig.

-----Original Message-----
From: Foster, Gary
Sent: Thursday, November 30, 2000 8:42 AM
To: 'Halperin, Mark'
Subject: RE: We have a leak

what do you mean 'on principle'? there couldn't be a better issue for a
clinonista to stand for than busting up monopolies' hold on the little
people. actually enron's government affairs office is run by a bunch of
democrats and they just hired summer's  congressional person at treasury to
run their d.c. office. is your brother still at the nsc?

katz is the person i was thinking of. i'll pass his name along. thanks.

-----Original Message-----
From: Halperin, Mark [mailto:Mark.Halperin@abc.com]
Sent: Wednesday, November 29, 2000 4:22 PM
To: 'Foster, Gary'
Subject: RE: We have a leak

after re-reading your original email (the first words of which were that i
should share it with sam and gma) i felt a little less bad on my own....it
was still dumb...and our secret is safe..keep sending them

by brother is very funny...i'm not sure he would do it on principle...but i
can ask...the person to ask is mark katz...who wrote for clinton and
gore...very funny..very automatic...use my name...let me know if there is a
problem  212-496-7013
-----Original Message-----
From: Foster, Gary [mailto:GFoster@Antigenics.com]
Sent: Wednesday, November 29, 2000 9:30 AM
To: Halperin, Mark
Subject: RE: We have a leak

your level of apologizing was not necessary but after re-reading my initial
email i can see where you could be mistaken that i was upset. i'm not. i
just don't want to break one of the only flows of insider information that i
have left -- even if it's into a has-been.

but while i have you gravelling, you could do something for me. i just got a
call from my old boss at enron and he is looking to hire someone as a
consultant who specializes in humor writing. they want to try a humorous
approach in taking on the monopoly utilities in the battle over electricity
deregulation. do you know anyone in the clinton administration who has been
responsible for some of the president's humorous speeches? or anyone that
fits this bill? what about your brother? it seems like i read a profile of
one of them recently who was leaving. the only republican i can think of is
landon parvin who has been around forever.

-----Original Message-----
From: Halperin, Mark [mailto:Mark.Halperin@abc.com]
Sent: Wednesday, November 29, 2000 8:49 AM
To: 'Foster, Gary'
Subject: RE: We have a leak

two people here did stupid things (first me, by in a hurry giving
instructions to my colleague about what to do with the information;then my
colleague for sending it to somebody untrustworthy)

so: i apologize...being in a hurry is no excuse for being careless.....

here's the silver linings:

1. gma seems to have gotten it some other way later in the day, so from
there point of view, they aren't focused on where it came from
2. there is literally no one at abc who knows i know you
3. i give you my word that i will never be at all careless with anything
from you again, and won't let even one person have access to
emails/information from you...the person in this case doesn't know it came
from you (or jb for that matter, since i had already taken her name and your
name off of it)

again, i'm sorry.....i have zero tolerance for such carelessness, and
pleading being overwhelmed with work on the story is no excuse

ps: i hope you saw jamie's interview...it was priceless

-----Original Message-----
From: Foster, Gary [mailto:GFoster@Antigenics.com]
Sent: Wednesday, November 29, 2000 8:37 AM
To: Halperin, Mark
Subject: FW: We have a leak

when i said 'pass along', i only meant the information, not the entire
email. i'm not going to fess up if you and everyone else who has it doesn't
reveal their source.
-----Original Message-----
From: Jean Becker [mailto:jebeck@flfw.com]
Sent: Tuesday, November 28, 2000 7:33 PM
Subject: We have a leak

Everyone at ABC has a copy of the last e-mail I sent everyone concerning
President Bush's appearances on the morning shows tomorrow.

We have a leak.

I suspect someone in total innocence is forwarding my e-mails to friends and
family, etc.  I need for all of you to take a very careful look at your
forwarding lists and think about where this leak might be.  If you think you
know where the leak is, please, please let me know.

If we can't find it, these e-mails will cease and desist.

Jean

P.S. In case you were wondering, yeah, ABC is not happy.


Now that that lady is irritating you maybe you'll finally miss me.  Well, I
might finally be getting somewhere on my move.   I now have an informal offer
that is acceptable.  I just need it in writing now.  But it looks like I'll
be in Chicago by March 12th.  Yikes...I have a lot to do before then.  We
need to all go to lunch before I leave.

Good luck ignoring your neighbor.  RR

Becky Pitre
02/21/2001 10:28 AM
To: Robin Rodrigue/HOU/ECT@ECT
cc:
Subject: To Do

Need something to do?  The lady that sits in your old spot is helping her
brother with his divorce.  In fact he may not have to anything but show up in
court!  The details I don't care to hear, but I can't help it.  I can hear
everything and every day there is some new personal matter that needs to be
taken care of.  Maybe if she stuck to just her own business she wouldn't be
on the phone so much and I wouldn't have to hear all the junk.  Gag.  B.


Since only I know I'm not trying to offend you, that's all I can say.  I'm
not sure I'm worthy of your being concerned either  (I don't deserve it--I'd
guess)  You know, after we talked the other day, I felt better for a while.
I don't know what to say, and I'm sure I'm embarrassed by this whole
thing--most particularly how I've handled our relationship.  I really want to
see you, but I need some time to myself I guess.  I do know glen doesn't have
all the answers, but I find him to be impartial and helpful--really the only
one these days.  My mother suggested a trip home this weekend, and i may go.
I wish this were easy.....I think part of my issue is I've always felt our
friendship is one I wanted to keep always, and I feel I tend to jeopardize
friendships....

"Lisa A. Schiffman" <lschiffm@JonesDay.com> on 12/15/2000 10:15:08 AM
To: Jeffrey.A.Shankman@enron.com
cc:
Subject: Re:

I'm so confused by you.

Sorry about your week.  Hopefully, since it's the weekend your week will
only get better, but as for my part in it, if any, I'm losing patience.
I don't know whether to be concerned about you or offended by you.  It's
increasingly difficult to be both.  Since you don't call as much as to
check in with me or respond to my calls, clearly you don't want to bother
with me and aren't particularly concerned whether I'm ok or not, and I have
to resist the urge to call and check on you because you are unresponsive
and seemingly untruthful, so I feel foolish even trying.  As a result, I'm
leaning more and more toward the offended/annoyed side.

Maybe Glen will have "all the answers" for you, but I don't think that's
possible and I think you just need to accept it and move forward.   It will
all pass and you will be fine in the long run.

                    Jeffrey.A.Shankman
                    @enron.com             To:     lschiffm@JonesDay.com
                                           cc:
                                           Subject:     Re:
                    12/15/00 09:38 AM

I saw you called on the cell this a.m.  Sorry I missed you.  (I was in the
shower).  I have had a shitty week--I suspect my silence (not only to you,
but others) after our phone call is a result of the week.  I'm seeing Glen
at 11:15....talk to you

==========
The preceding e-mail message (including any attachments) contains
information that may be confidential, be protected by the attorney-client
or other applicable privileges, or constitute non-public information.  It
is intended to be conveyed only to the designated recipient(s).  If you are
not an intended recipient of this message, please notify the sender by
replying to this message and then delete it from your system.  Use,
dissemination, distribution, or reproduction of this message by unintended
recipients is not authorized and may be unlawful.
==========


Here's the schedule:

Site visits on 10/27

Gleason
Bill Smoak
John Donovan
Arrive at site between 8am and 10am

Wheatland
Dan Rorabaugh
Steve Remillard
Arrive at site between 8am and 9am

Please let me know if you have any questions.

Peter


please print out now, let me look and approve today.
 -----Original Message-----
From: 	enron_update@concureworkplace.com@ENRON
Sent:	Tuesday, November 27, 2001 3:27 PM
To:	Jeffrey Shankman
Subject:	<<Concur Expense Document>> - jf112701

The following expense report is ready for approval:

Employee Name: Jennifer J. Fraser
Status last changed by:  Automated Administrator
Expense Report Name: jf112701
Report Total: $2,040.11
Amount Due Employee: $2,240.11

To approve this expense report, click on the following link for Concur Expense.
http://expensexms.enron.com


Mario,

Yes, we should be ready to go, although the law firm we are using in Japan
(Baker & McKenzie in Tokyo) have indicated that they still have a few open
issues to follow-up on.

Baker & McKenzie have concluded that where an Enron non-Tokyo trading office
receives a payment on a swap from a Japanese counterparty, that payment
should not be subject to Japanese income tax or withholding tax.  Further,
they have advised that consumption tax (Japan's 5% VAT) should not apply to
financial transactions, although Japanese counterparties acquiring physical
product for delivery in Japan would be subject to the 5% consumption tax.

Baker & McKenzie have advised that they need to do some follow-up work with
respect to payments from options and from physical contracts as well as some
further checking on the tax treaties that Japan has with the countries where
our non-Japan trading offices are located.  I expect to have their response
shortly.

One issue that we are currently pursuing is the Japanese tax consequences of
the Enron Japan trading office providing services that benefit the other
Enron trading offices.  In this case, it may be appropriate for Enron Japan
to receive a service fee for such services.  I am in the process of
determining to what extent Enron Japan would be providing services.

Please let me know if you have any questions or need any additional
information.  I will let you know of any additional developments as soon as
they occur.

Best regards,
Susan

Mario Parra Cardoso@ENRON
05/01/2000 02:50 PM
To: Susan Musch/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: Jeff Blumenthal/HOU/ECT@ECT, Stephen H Douglas/HOU/ECT@ECT, David
Forster/Corp/Enron@Enron

Subject: Re: Japan, Argentina and Brazil

Susan,

Following up on David's email, I understand we are ready to go, right?

Mario
---------------------- Forwarded by Mario Parra Cardoso/Corp/Enron on
05/01/2000 02:39 PM ---------------------------

David Forster
04/27/2000 06:28 PM
To: Susan Musch/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: Mario Parra Cardoso/Corp/Enron@Enron, Jeff Blumenthal/HOU/ECT@ECT,
Stephen H Douglas/HOU/ECT@ECT

Subject: Re: Japan, Argentina and Brazil

Mario is away until next week.

The Japanese could trade with any Enron office which is posting commodities
on EnronOnline - but are most likely to be interested primarily in the
products posted by Singapore (global products), as it provides the best
timezone overlap. Both physical and financial are possible, but none of the
physical delivery locations on EnronOnline are currently in Japan.

Dave

Susan Musch@ENRON_DEVELOPMENT
04/27/2000 12:38 PM
To: Mario Parra Cardoso/Corp/Enron@ENRON
cc: Jeff Blumenthal/HOU/ECT@ECT@ENRON, Stephen H Douglas/HOU/ECT@ECT@ENRON,
David Forster/Corp/Enron@Enron

Subject: Re: Japan, Argentina and Brazil

Mario,

Thanks for your e-mail.  I wanted to follow up on one more point just to make
sure we have everything covered for May 1st.  Do we expect the Japanese to do
online trading with the other Enron trading offices?  If so, which offices
would they be trading with and what kind of products would be traded?  For
example, would there be physical settlement (or delivery) of product in Japan
to the Japanese customers or would there be only financial derivatives traded?

I really appreciate your help on this.

Best regards,
Susan

Mario Parra Cardoso@ENRON
04/27/2000 10:55 AM
To: Susan Musch/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: Jeff Blumenthal/HOU/ECT@ECT, Stephen H Douglas/HOU/ECT@ECT, David
Forster/Corp/Enron@Enron

Subject: Re: Japan, Argentina and Brazil

Susan,

Your understanding is correct.

Thanks,

Mario Parra Cardoso
EnronOnline

Susan Musch@ENRON_DEVELOPMENT
04/27/2000 10:46 AM
To: Mario Parra Cardoso/Corp/Enron@ENRON
cc: Jeff Blumenthal/HOU/ECT@ECT@ENRON, Stephen H Douglas/HOU/ECT@ECT@ENRON

Subject: Re: Japan, Argentina and Brazil

I have a conference call set up with our Japanese tax counsel this evening
(Thursday evening Houston time).  After the call, I should be able to confirm
that there are no major Japanese tax issues once our Japan office commences
trading with Japanese counterparties through Enron Online.

However, I understand that initially, the Japan Online implementation will
only entail Japanese counterparties trading internationally (e.g. trading
non-Japanese products).  Based on this assumption, I think we're okay for
Monday from a Japanese trading office perspective.  Please let me know if my
understanding is incorrect.

Best regards,
Susan

Mario Parra Cardoso@ENRON
04/26/2000 03:34 PM
To: Jeff Blumenthal/HOU/ECT@ECT
cc: Susan Musch/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Stephen H
Douglas/HOU/ECT@ECT

Subject: Re: Japan, Argentina and Brazil

Jeff,

The marketing material is on its way to Tokyo. This Friday it is expected to
be sent to clients.

As you can see, time is something that we don't have. Could you please let us
know if we are OK to go with the Japanese launch?

Thanks,

Mario

---------------------- Forwarded by Mario Parra Cardoso/Corp/Enron on
04/26/2000 03:27 PM ---------------------------

Mario Parra Cardoso
04/19/2000 03:30 PM
To: Jeff Blumenthal/HOU/ECT@ECT
cc: Susan Musch/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT@ECT, Stephen H
Douglas/HOU/ECT@ECT

Subject: Re: Japan, Argentina and Brazil

Jeff,

You are right. For the launch of EnronOnline in Japan, local clients will be
offered the ability to trade existing EOL products. Japanese products will be
offered in  the future.

Please be advised, though, that Singapore products are likely to be added to
EnronOnline before the Japanese launch. We expect Japanese clients to trade
Singapore products, in addition to the ones currently available.

Thanks,

Mario

Jeff Blumenthal@ECT
04/19/2000 03:18 PM
To: Mario Parra Cardoso/Corp/Enron@ENRON
cc: Susan Musch/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Stephen H
Douglas/HOU/ECT@ECT

Subject: Re: Japan, Argentina and Brazil

Mario,

We have begun discussions with a Tokyo law firm regarding the various
Japanese tax issues related to EnronOnLine.  In that vein, can you please
clarify whether ENA will be offering certain Japanese counterparties the
ability to trade existing EOL products (i.e., products that are not
Japanese-based) and that such offering will commence in May, 2000, while no
Japanese products will be offered until sometime in the future?

If you would, please reply to all listed above so that we can hold
discussions this evening with out Japanese tax advisors.

Thanks for your help, and best regards,

Jeff

Mario Parra Cardoso@ENRON
04/19/2000 10:12 AM
To: Jeff Blumenthal/HOU/ECT@ECT
cc: Stephen H Douglas/HOU/ECT@ECT
Subject: Re: Japan, Argentina and Brazil

Jeff,

Japan is obviously the country that worries me the most since we intend to
launch the site for Japanese clients in May.

The marketing material is expected to be sent by late next week.

Please let me know how long the process for Japan may still last and if you
anticipate problems.

Brazil and Argentina are expected be launched this summer.

Thanks,

Mario

Jeff Blumenthal@ECT
04/19/2000 09:34 AM
To: Mario Parra Cardoso/Corp/Enron@ENRON
cc: Stephen H Douglas/HOU/ECT@ECT

Subject: Re: Japan, Argentina and Brazil

Mario,

We've begun working with our outside tax advisors.  I understand the urgency
of this matter and will see that it is moved along as quickly as possible.
In the meantime, please let me know if you have any questions.  Thanks.

Mario Parra Cardoso@ENRON
04/17/2000 04:07 PM
To: Jeff Blumenthal/HOU/ECT@ECT
cc:
Subject: Japan, Argentina and Brazil

Jeff,

Anything new on tax issues related to EnronOnline for the countries above
mentioned?

Thanks,

Mario


We can postpone until the ticker sytem is available.  Just let me know.

Thanks,
Eric

Robert B Cass
10/06/2000 08:20 AM
To: Eric Bass/HOU/ECT@ECT
cc: Melba Lozano/HOU/ECT@ECT
Subject: Re: Product Description Change

Eric -
We cannot delete meter #3537 from this particular Product Description since
Products using this product location have already been transacted on
(including Transaction #33491).

Therefore, we will need to either create a new location name (what would be
the "new" location name?) or we can advise the customers via a ticker
message that the Product description for "HPL/AguaD" has been revised.
Unfortunately, we are working through some issues with the ticker message
system, but we have been advised that it will be in place soon.  Are you able
to postpone until the ticker system is operable?

Please advise.

- Rob Cass
x 35491

	Enron North America Corp.

	From:  Eric Bass                           10/06/2000 07:54 AM

To: Robert B Cass/HOU/ECT@ECT
cc: Melba Lozano/HOU/ECT@ECT, Dale Neuner/HOU/ECT@ECT
Subject: Product Description Change

Could you please remove Koch Bayside (meter #3537) from the delivery point on
the US Gas Phy HPL/AguaD product?
The applicable product numbers are 33462, 33464, 33491, and 33492.

Thanks,

Eric
x3-0977


This deal has an NP15 delivery point with firm energy.

Thanks!


jeanie:
i really need the docs on both phantom stock and options.
please
please
please

john


Hello,

Tom Martin is willing to spent some time with our group to talk about Texas natural gas market.  I want to thanks Tom for his time and to invite everyone in our group for his presentation.  If you are interested, please come to ECS 06100 at 11:30 today.  Pizza will be served.

Best regards,
Jozef

 -----Original Message-----
From: 	Rybarski, Amanda
Sent:	Friday, February 01, 2002 10:21 AM
To:	Lieskovsky, Jozef
Subject:

I have reserved room# ECS06100 for you from 11:30 to 1:00.

Thanks,

Amanda Rybarski
Gas Fundamentals
Office: (713) 853-4384
Fax: (713) 646-8453
Pager: (877) 482-0772
Cell: (713) 560-0934


Thanks.  Sorry , I seem to be taking up alot of your time lately!

DG    3-9573


It appeared to me that a GSA would be most appropriate for this work.  In speaking with some other EBS lawyers, I was told that Adriana could craft the work order/addendum to go with the GSA.  Please let me know if this is incorrect.

Kay

 -----Original Message-----
From: 	Bonhame, Brenda
Sent:	Friday, November 02, 2001 2:49 PM
To:	Bonhame, Brenda; Wynn, Adriana; Mann, Kay
Cc:	Grimm, Allan
Subject:	RE: Draft Contract for Plant Protection Service Houston to New Orleans (Jode Corp)

I forgot to include the draft copy (it's been one of those days)

 << File: Interim Agreement for Jode Corp.doc >>


Give me a copy of the invoice.

thanks
---------------------- Forwarded by Chris Germany/HOU/ECT on 10/18/2000 08:05
AM ---------------------------

Brenda H Fletcher
10/18/2000 08:01 AM
To: Victor Lamadrid/HOU/ECT@ECT
cc: Jesse Villarreal/HOU/ECT@ECT, Chris Germany/HOU/ECT@ECT, Steve
Gillespie/Corp/Enron@ENRON, Scott Goodell/Corp/Enron@ENRON, Edward
Terry/HOU/ECT@ECT, Tricia Bowen/HOU/ECT@ECT
Subject: Re: VGS

We do get invoiced by VGS.  The Transport contract numbers are VGS01026-IT
and VGS01033 - FTS-2

	Enron North America Corp.

	From:  Victor Lamadrid                           10/17/2000 05:26 PM

To: Brenda H Fletcher/HOU/ECT@ECT, Jesse Villarreal/HOU/ECT@ECT, Chris
Germany/HOU/ECT@ECT, Steve Gillespie/Corp/Enron@ENRON, Scott
Goodell/Corp/Enron@ENRON
cc: Edward Terry/HOU/ECT@ECT, Tricia Bowen/HOU/ECT@ECT
Subject: VGS

Brenda, VGS is all buy/sells for us.  VGS delivers directly into Koch, CGULF
and TETCO.  We sell at the point or deliver into those 3 pipes where we pick
up on transport.    FTS-2 and IT sounds like Columbia Gulf..Thanks
---------------------- Forwarded by Victor Lamadrid/HOU/ECT on 10/17/2000
05:18 PM ---------------------------

Brenda H Fletcher
10/17/2000 02:22 PM
To: Chris Germany/HOU/ECT@ECT
cc: Victor Lamadrid/HOU/ECT@ECT
Subject: VGS

Nothing is getting flashed on VGS for commodity.  We are paying commodity
charges on a FTS-2 and an IT contract.  Can you get rates on the usage
tickets for these contracts?

Thanks,
Brenda


Pavel,

We shall talk to him. He looks like a very qualified
candidate.

Vince

From: Pavel Zadorozhny on 01/12/2001 01:40 PM
To: Vince J Kaminski/HOU/ECT@ECT, John L Nowlan/HOU/ECT@ECT
cc:
Subject: asking for advice regarding Summer Associate position at Enron

Gentlemen,

Here is a guy who is looking for a summer associate position. I looked at his
resume and think that he may be worth talking to.

Pavel
---------------------- Forwarded by Pavel Zadorozhny/HOU/ECT on 01/12/2001
01:37 PM ---------------------------

Dmitri Villevald <Dmitri.Villevald@owen2002.vanderbilt.edu> on 01/03/2001
06:56:54 PM
To: "Pavel Zadorozhny (E-mail)" <pavel.zadorozhny@enron.com>
cc:
Subject: asking for advice regarding Summer Associate position at Enron

Dear Mr. Zadorozhny:

Maxim Philippov suggested that I write you. Being a first-year MBA student
at Owen Graduate School of Management (Vanderbilt University) with a Finance
concentration, I am looking for a Summer Associate position at Enron.

The area of my particular interest is Enron's risk management products
(commodity derivatives research and trading). Graduating from Novosibirsk
State University with major in physics, I am eager to apply my experience
with the use of theoretical and statistical physics techniques to the
managing of modeling processes and creating complex financial and trading
models. I strongly believe that my graduate education coupled with
undergraduate background in physics, solid work experience in finance and
proven entrepreneurial spirit will allow me to contribute to Enron as a
Summer Associate.

I would really appreciate your advice regarding employment opportunities at
Enron and would like to find out more about Enron Capital & Trade Resources
Corp. I will call you within this week to follow up on my request.

Thank you very much for your time.

Sincerely,

Dmitri Villevald

Enclosure: resume

 <<Resume.doc>>
P.S. Looking through an example of margin risk hedging at Enron's Web site,
I think I found a small mistake there. URL of this page is

<http://www.ect.enron.com/products/risk/margin_intro.fset.html> (producer
application)

The second sentence of the paragraph beginning with "Paradigm and Enron
exchange..."
states the following.

For example, if the actual margin is $1.25/MMBtu for a given month, then
Paradigm will pay Enron $0.13/MMBtu. Alternatively, if the actual margin is
$2.00/MMBtu, then Enron will pay Paradigm $0.62/MMBtu.

I believe, if I am reading it correctly, the money should flow in the
opposite direction, namely:

For example, if the actual margin is $1.25/MMBtu for a given month, then
Enron will pay Paradigm $0.13/MMBtu. Alternatively, if the actual margin is
$2.00/MMBtu, then Paradigm will pay Enron $0.62/MMBtu.

Am I right?

Again, thank you very much for your time.

 - Resume.doc


Hi.  To complete our discussion on the  manual monitoring & also to clarify,
see below.

Greg Whiting will call ENA whenever he enters more than a specified number of
changes in the SAP T880 table. He will transition this procedure to the SAP
COE.  What is the threshold that Global needs to be notified?  Who in Global
should be notified?

To clarify, the verification is manual & is subject to human error, such as
someone forgets or is on vacation.  If a large file is sent without
notification during the day, the impact is significant.  I think moving the
job to run in the evening will virtually eliminate the potential for this
problem to occur again.  However, to eliminate the risk completely I suggest
that the verification be automated.  You said that you'll have the ability to
do this in global in a few months.  If you can't do it, then we (SAP) need to
write an automated monitoring program.

Regan M Smith@ECT
07/05/2000 08:53 AM
To: Jeff Johnson/Corp/Enron@Enron, Scott Mills/HOU/ECT@ECT, Beth
Perlman/HOU/ECT@ECT, Sally Beck/HOU/ECT@ECT, Mark Schmidt/Corp/Enron@ENRON,
Randy Rippentrop/Corp/Enron@ENRON
cc: Beverly Fennessy/Corp/Enron@ENRON, Susan S Marshall/HOU/ECT@ECT, Mark J
Leskowitz/HOU/ECT@ECT, Theresa Shieh/Corp/Enron@ENRON, Louie
Truong/GPGFIN/Enron@ENRON, Richard Elwood/HOU/ECT@ECT, Kenneth M
Harmon/HOU/ECT@ECT, Jeff Johnson/Corp/Enron@Enron, Scott
Williamson/HOU/ECT@ECT, Jun Lu/HOU/ECT@ECT, Simon Sear/Corp/Enron@Enron,
Kevin T Dinh/HOU/ECT@ECT, Dave Nommensen/HOU/ECT@ECT, Terry
Sanvido/Corp/Enron@ENRON, Pamela Lebrane/Corp/Enron@ENRON, Chris
Schomer/Corp/Enron@ENRON, Bill D Hare/HOU/ECT@ect, Lana Yu/HOU/ECT@ECT,
Jaikishore Bharathi/HOU/ECT@ECT, Jim Ogg/HOU/ECT@ECT

Subject: SAP / Global/ Unify replication problem on Friday June 30th

On Friday June 30th, Unify's production performance was impacted by a large
volume (30k) of replication/ configuration transactions from SAP.
The mass update from SAP to Global/ Unify effected Enron's business
throughout the afternoon, causing contract replication to be delayed, and
missed nominations.

Corrective actions taken to ensure this does not occur again:
Global Replication - Move the SAP to Global/ Unify replication for
Intercompany from hourly to a nightly (1:00 am) process.  As we could miss
new data setup dependencies, the volume is expected to be reduced.
SAP Support - SAP IT support will notify Global systems of any scheduled
'rebuilds'/ mass updates to monitor/ move the schedule during an off-peak
time.

Regan Smith, x39291
Manager, Unify Accounting
Unify/ SAP Interface


fyi
---------------------- Forwarded by Shirley Crenshaw/HOU/ECT on 09/28/2000
10:26 AM ---------------------------

wendy.dunford@arthurandersen.com on 09/20/2000 10:11:43 AM
To: Shirley.Crenshaw@enron.com
cc:
Subject: Re: Confirmation of Meeting

Vince sounds very busy!
Just let me know when he is free and I will sort something out.

Thanks

Wendy

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Boy, That brings back memories.  Thanks for reminding me that I no longer
have the joy of coming to work every day and receiving another duct tape
nugget of wisdom.

	Mandy.Bowles@email.moore.com
	02/08/2001 08:36 AM

		 To: gerald.nemec@enron.com
		 cc:
		 Subject:

Just when I thought I was rid of the duct tape humor, I get this........

Duct tape is like 'the force'. It has a light side & a dark side, and it
  holds the universe together.

It's not even funny, but I thought you might like it considering your
affection for the stuff.


Hi.

There's a document in my O drive directory called kendallsale, or something
close.  I can't remember where I put it - probably under General LOI.  Could
you email it to me?

Thanks,

Kay


Julie,

I signed the request for a check today.

Vince

"Julie" <julie@lacimagroup.com> on 05/09/2001 04:47:05 PM
Please respond to "Julie" <julie@lacimagroup.com>
To: "VinceJKaminski" <Vince.J.Kaminski@enron.com>
cc: <Shirley.Crenshaw@enron.com>
Subject: new invoice for energy and weather

Vince,
?
Please find attached a replacement invoice for invoice number 215.?  This
invoice includes the correction in charges for the weather course, and for
only one attendee for the energy derivatives course.
?
If you should have any questions, please contact me.
?
Sincerely,
Julie
 - Enron283_9_04_01.doc