One more thing.  Did someone send you copies of equipment contracts?  Those
have confidentiality provisions which need to be considered.  Therefore,
please advise what you received from Enron in that regard.

I was under the impression that most of what we were submitting we were
submitting as confidential information, specifically including the responses
to the Public Staff's data requests.  I don't recall the specifics at this
point.

Thanks again,

Kay

"Duncan, Allyson" <aduncan@kilstock.com> on 09/19/2000 11:07:28 AM
To: "'Kay.Mann@enron.com'" <Kay.Mann@enron.com>
cc:

Subject: RE: CPCN public information

The Application itself is public.  The testimony is public.  Without going
back through the material we have supplied (which I would be happy to do, if
you like), the primary material that was confidential was the cost data and
supporting work papers.  Also, the engineering plan we filed recently in
response to a data request was confidential.

Let me know if you would like me to walk back through it more specifically.

-----Original Message-----
From: Kay.Mann@enron.com [mailto:Kay.Mann@enron.com]
Sent: Tuesday, September 19, 2000 12:03 PM
To: aduncan@kilstock.com
Subject: CPCN public information

Hi Allyson,

Someone was asking which of the information we have filed is public
information.  Is the petition itself public?  What else would be public?

I know this is a variation to the "what is confidential" question. Once
again, your assistance is appreciated.

Kay


Mark:
Here is my list of group goals.

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


Cool!
m

John L Nowlan
10/19/2000 11:44 AM
To: Mike McConnell/HOU/ECT@ECT, Jeffrey A Shankman/HOU/ECT@ECT
cc:
Subject: Tanker Freight Futures

---------------------- Forwarded by John L Nowlan/HOU/ECT on 10/19/2000 11:44
AM ---------------------------

Scott Moncrieff
10/19/2000 11:04 AM
To: John L Nowlan/HOU/ECT@ECT
cc: Chris Mahoney/LON/ECT@ECT
Subject: Tanker Freight Futures

c.c. Chris

Hey John

just to let you know we went on line today for the first time with tanker
freight futures
(last week had some teething problems, as eol didnt know about world scale)

anyway we traded 320,000 mts freight in the first day

so encouraging signs .....

(p.s. fyg i think coal have done about 350,000 mts in the last 6 weeks...)


Jim,

I can send you copies of the  reprints of some papers I wrote
or co-authored. Please, let me know how many copies do you need.

I shall prepare power point presentations for the student meeting
and for the faculty meeting.

For the students: review of my group (things we work on) with an intention
of generating some interest among the students and soliciting resumes.

For the faculty meeting: challenges that energy markets pose to financial
modeling.
I shall be able to E-mail the Power Point presentations later this month.

Vince

Jim Garven <jgarven@lsu.edu> on 01/17/2000 04:00:25 PM
To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: Re: LSU seminar visit

Dear Vince,

Would you mind emailing to me a short biography/vita sometime when you get
a chance?  Also, if you have a paper to circulate or any PowerPoint slides
that you'll want to use either in your presentations to my students
Thursday afternoon, 2/3, or to the faculty seminar on Friday morning, 2/4,
please email these to me.  This would be greatly appreciated.

My colleagues and I are looking forward to your visit on Feb. 3-4 to LSU.

Sincerely,

Jim Garven

_________________________________________
James R. Garven
William H. Wright, Jr. Endowed Chair for Financial Services
Department of Finance
2158 CEBA
E. J. Ourso College of Business Administration
Louisiana State University
Baton Rouge, LA  70803-6308

Voice (225) 388-0477  |  Fax: (800) 859-6361

E-mail:  jgarven@lsu.edu
Home Page: http://garven.lsu.edu
Vita: http://garven.lsu.edu/dossier.html
Research Paper Archive: http://garven.lsu.edu/research.html
_________________________________________
 - att1.htm


tara,

Please grant access to manage financial products to the following:

 Janie Tholt
 Frank Ermis
 Steve South
 Tory Kuykendall
 Matt Lenhart
 Randy Gay

We are making markets on one day gas daily swaps.  Thank you.

Phillip Allen


I have marked my revisions below.

David Forster
10/01/99 10:30 AM
To: Jennifer deBoisblanc Denny/HOU/ECT@ECT, Mark E Taylor/HOU/ECT@ECT
cc:
Subject: Paper Index Wording

Mark,

Following is a suggestion for Paper index wording. I will bring up the
original confirm for you to look at.

Please respond to Jennifer with your comments today, if possible. I will be
leaving to catch a plane to London around 2:00 today.

Thanks,

Dave

The Index for a month shall be the mean of the arithmetic averages of the
prices per Short Ton for each such calendar month for Short Ton of 26 Lb.
Semichemical Medium, delivered in the Eastern U.S. as listed under the
heading: "Price Watch: Paperboard/Packaging: Grade: Corrugated medium (26
lb): Semichemical, East" in the issue of Pulp and Paper Week that reports
prices effective for the calendar month.


-----Original Message-----
From: 	Simmons, Linda J.
Sent:	Friday, October 19, 2001 3:49 PM
To:	Mellencamp, Lisa
Subject:	FW: PG&E

 -----Original Message-----
From: 	MDay <MDay@GMSSR.com>@ENRON
Sent:	Friday, October 19, 2001 3:46 PM
To:	Simmons, Linda J.
Subject:	RE: PG&E

Here is our settlement sheet on the one cent surcharge, attached below.
Mike Day

 - X28655.DOC


Hi Geneva,

The instruction sheet mentions a gift bag.  Do I pick this up at drop off?

Thanks,

Kay


Peter:

As previously discussed, please see the attached Amendment to the Master Agreement dated March 1, 2001.  If you are in agreement with the attached, please sign two originals and forward same to my attention at you earliest convenience.  Should you have any questions, please do not hesitate to give me a call.

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


Jeff, what exactly do you want Craig going to be doing?  Please forward a job
scope for Jen and Craig.  Then I will speak with Max if appropriate. I
apologize but we have spoken about a lot of different scopes - it would be
helpful to start from a scope on a piece of paper that we both agree upon.
Just e-mail.  Thanks Jeff.

Regards
Delainey
---------------------- Forwarded by David W Delainey/HOU/ECT on 07/10/2000
11:29 PM ---------------------------

	From:  Jeffrey A Shankman                           07/10/2000 05:08 PM

To: David W Delainey/HOU/ECT@ECT
cc:
Subject:

One thing I forgot to mention is that if we do give Mexico mid market to
Craig, we need to set up the organization out of Houston, (I think).  Max has
been interviewing candidates for mid market positions there, and I would like
those guys to report to Craig.  Is Max with us?  Jeff


thanks


Thank you for choosing Time Warner Road Runner as your high-speed online
provider.  After a search of our database your address was found to be
non-serviceable at this time.  While our system does serve your zip code, your
particular part of the zip code has not been upgraded.  We are adding you to a
list of persons to contact when we have expanded our service area to reach
you.

A card will be sent to the address where service was requested giving an
approximate upgrade date.  The card includes a special offer of FREE
installation and a FREE month of Road Runner service.  Please keep the card as
this offer cannot be processed without it.

Thank you again for choosing Time Warner Road Runner and we look forward to
serving you in the near future.


Dan:  please see if the attached draft works.  My extension is 35620.  Sara


---------------------- Forwarded by John J Lavorato/Corp/Enron on 05/10/2000
02:02 PM ---------------------------
From: Ted Murphy@ECT on 05/08/2000 11:16 AM
To: Michael E Moscoso/HOU/ECT@ECT, Sally Beck/HOU/ECT@ECT
cc: Rick Buy, John J Lavorato/Corp/Enron@Enron, John Sherriff/LON/ECT@ECT,
Greg Whalley

Subject: Global Risk Management

On Friday, May 5, 2000 , Rick Buy and Jeff Skillling signed a memo
designating John Lavorato (Western Hemishere) and John Sherriff (Eastern
Hemisphere)
as the responsible parties for signing the Daily Positiion Report.  Please
obtain Greg Whalley's approval for all DPR's prior to that date.  Going
forward, please coordinate with each as to their preferred method of
designating approval.  I assume you will use e-mail until such time that the
Executive Reports Viewer can be changed to accomodate this change.  I will
also assume that you are working on that solution unless otherwise informed.

John Sherriff/John Lavorato
The memo was exactly as had been sent to you in draft form.  Responsibility
for LNG continues to be somewhat unclear, however, as it pertains to global
risk oversight, John Sherriff is officially responsible until further notice.

Any questions, please call me at 3-3324

Ted


You are the best! You are always moving the market! Cherie and I are very
happy for you and Rebecca, that's a good deal!
I will contact you once the dust settles to have some fun or yell at me at
jflores@plainsresources.com or 713/654-1414.
You are the smartest guy I know congrats on making another great trade!
Jim


Hi Ed,

Here's the language they offered:

M. Each of the Cities has obligated itself to be responsible for and to pay
to, or on behalf of, MDEA, if required, that proportion of the minimum
monthly fee which that City,s hourly demand was coincident with Entergy,s
peak hour demand in the year 2000 bears to the sum of both Cities, hourly
demand during such hour; provided however, that each City has further
obligated itself to be responsible for and to pay that portion of EMPI,s
monthly fee which the economic benefit to that City from transactions bears
to the total economic benefit to both Cities from such transactions during
the month.

It is a bit cumbersome, but I think I like it.  What do you think?

I'll forward the entire doc soon.

Kay


Shirley,

Please, put it on my calendar.

Vince

---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 01/02/2001
05:44 PM ---------------------------

Joana Ryan Bekerman@ENRON
01/02/2001 04:51 PM
To: dhoog@att.net@ECT, Vasant Shanbhogue/HOU/ECT@ECT, Amitava
Dhar/Corp/Enron@ENRON
cc: Jere C Overdyke/HOU/ECT@ECT, Vince J Kaminski/HOU/ECT@ECT
Subject: Valuation

We have a meeting tentatively scheduled for Tues, Jan 9 at 3pm with David
Port from RAC to discuss the valuation methodology (VAR v. CAR) for the
outage option book for GRM.
Let me know if you foresee a conflict with this time.
Thanks,
Joana


6 months goes by quickly.

"Neil Mann" <nmann@erac.com> on 06/06/2001 11:07:22 AM
Please respond to <nmann@erac.com>
To: "C. Kay Mann \(E-mail\)" <Kay.Mann@Enron.com>
cc:

Subject: jack

jack has to go to the vet before he can go to the kennel...


Nicely done
 Trevor Woods

-----Original Message-----
From: Taylor, Michael E <Michael.E.Taylor@ENRON.com>
To: Woods, Trevor <Trevor.Woods@ENRON.com>
Sent: Tue Nov 20 10:08:04 2001
Subject: RE:

I told him those ERCs on website were being sold.  We are looking into another deal (bullshit)so we will keep in touch if something comes up.  Price was not brought up.

-----Original Message-----
From: Woods, Trevor
Sent: Tuesday, November 20, 2001 10:07 AM
To: Taylor, Michael E
Subject: RE:

Cool, what did he say?  Neither John or I will be around so no reason not to roll early.
 Trevor Woods

-----Original Message-----
From: Taylor, Michael E <Michael.E.Taylor@ENRON.com>
To: Woods, Trevor <Trevor.Woods@ENRON.com>
Sent: Tue Nov 20 09:50:30 2001
Subject: RE:

I am doing her thing on Saturday in the middle of nowhere Texas.  Kind of a compromise.  My thing Thursday.

John told me to take off as early as I want tomorrow for the drive.  So I think I shall.  I called my boy at San Joaquin.

-----Original Message-----
From: Woods, Trevor
Sent: Tuesday, November 20, 2001 9:37 AM
To: Taylor, Michael E
Subject: RE:

Atta boy. Probably a good choice. Your girl okay with it?  GHG is a snoozer. Go ahead and call your boy. Tell him we're checking on some things.
 Trevor Woods

-----Original Message-----
From: Taylor, Michael E <Michael.E.Taylor@ENRON.com>
To: Woods, Trevor <Trevor.Woods@ENRON.com>
Sent: Tue Nov 20 09:30:38 2001
Subject: RE:

I just got back from the greenhouse gas meeting.  The meeting was good. But you will be retired before that program is worth anything as far as a good trading program is concerned.

John, said he talked with you on the phone about the b-plan.  I added a table of contents, and if John gives me anything to add I will.

I am going home (LA) tomorrow so I might work half a day.

-----Original Message-----
From: Woods, Trevor
Sent: Tuesday, November 20, 2001 9:25 AM
To: Taylor, Michael E
Subject: RE:

Nah. I'm gonna keep it my little secret.
 Trevor Woods

-----Original Message-----
From: Taylor, Michael E <Michael.E.Taylor@ENRON.com>
To: Woods, Trevor <Trevor.Woods@ENRON.com>
Sent: Tue Nov 20 09:22:09 2001
Subject: RE:

Just to keep up good relations.  I told him we would get back with him.  Please let me know if you do not call him.

-----Original Message-----
From: Woods, Trevor
Sent: Tuesday, November 20, 2001 8:44 AM
To: Taylor, Michael E
Subject: RE:

I suppose. Nothing to tell him though.
 Trevor Woods

-----Original Message-----
From: Taylor, Michael E <Michael.E.Taylor@ENRON.com>
To: Woods, Trevor <Trevor.Woods@ENRON.com>
Sent: Tue Nov 20 07:37:23 2001
Subject: RE:

I put it in my original message below.  It is 832-496-0123.  Tom Hartman with San Joaquin Power. I imagine a natural.  Are you going to call him today?

-----Original Message-----
From: Woods, Trevor
Sent: Monday, November 19, 2001 6:15 PM
To: Taylor, Michael E
Subject: RE:

Is he a broker or a natural?  I've heard about the company through cantor. He's not going anywhere.  Everyone says they want to move fast then the jack around. You got his number?
 Trevor Woods

-----Original Message-----
From: Taylor, Michael E <Michael.E.Taylor@ENRON.com>
To: Woods, Trevor <Trevor.Woods@ENRON.com>
Sent: Mon Nov 19 17:06:19 2001
Subject: RE:

I didn't want to talk price with him.  He saw our ERCs (that we just sold for $15,000) on website and called Kevin's line.  I was told to pick up the phone.  I told him somebody would call him back.  Either you or I would if you didn't want to call him.  He wanted to move fast, and he mentioned he used brokers in the past.

If none are out, I think we should call and tell him.

-----Original Message-----
From: Woods, Trevor
Sent: Monday, November 19, 2001 4:00 PM
To: Taylor, Michael E
Subject: RE:

Who is that and how do you know him?  I haven't seen any come on since we sold some. What was his bid?
 Trevor Woods

-----Original Message-----
From: Taylor, Michael E <Michael.E.Taylor@ENRON.com>
To: Woods, Trevor <Trevor.Woods@ENRON.com>
CC: Massey II, John <John.Massey@ENRON.com>
Sent: Mon Nov 19 15:56:46 2001
Subject: RE:

I just spoke with Tom Hartman of San Joaquin Power.  He wants up to 20 HGA NOx ERCS.  I told him I would have to check.  He wants to move quickly.  His number is 832-496-0123.  I know we do not have any, but I wanted to see if an arb was possible before we tell him we do not have any.


I will not be able to attend.

Suzanne Adams
04/18/2000 12:05 PM
To: Carol St Clair/HOU/ECT@ECT, Mark Taylor/HOU/ECT@ECT, Sara
Shackleton/HOU/ECT@ECT, Tana Jones/HOU/ECT@ECT, Susan Flynn/HOU/ECT@ECT,
Susan Bailey/HOU/ECT@ECT, Tanya Rohauer/HOU/ECT@ECT, William S
Bradford/HOU/ECT@ECT, Debbie R Brackett/HOU/ECT@ECT, Russell
Diamond/HOU/ECT@ECT, Veronica Espinoza/Corp/Enron@ENRON, Tracy
Ngo/HOU/ECT@ECT, Brant Reves/HOU/ECT@ECT, Rod Nelson/HOU/ECT@ECT, John
Suttle/HOU/ECT@ECT, Tom Moran/HOU/ECT@ECT, Christopher Smith/HOU/ECT@ECT,
Lesli Campbell/HOU/ECT@ECT, Mary Tudon/HOU/ECT@ECT, Paul
Radous/Corp/Enron@ENRON, Molly Harris/HOU/ECT@ECT, Nidia Mendoza/HOU/ECT@ECT,
Edward Sacks/Corp/Enron@Enron, Brad Schneider/Corp/Enron@Enron, Wendi
LeBrocq/Corp/Enron@Enron
cc:
Subject: Credit Group Lunch

A lunch meeting has been scheduled for Friday, May 5, 2000, from 12:00 p.m.
until 1:30 p.m. in 30C2 to go through in detail how the ISDA and CSA Masters
and Schedules work.

Please reply as soon as possible if you are going to attend this lunch
meeting (for catering purposes).  Thanks.


================================================================
As requested, your News Alert for TXN
follows from EquityAlert.com.
To edit/discontinue your alerts please refer to end of message.
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-0-

KEYWORD:          Texas
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INDUSTRY KEYWORD: CPR
SUBJECT CODE:     PDT

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I sent in the admission fees, so hope you still want to go.

---------------------- Forwarded by Gerald Nemec/HOU/ECT on 07/30/99 08:21 AM
---------------------------

	Enron Capital & Trade Resources Corp.

	From:  giordano@wt.net                           07/27/99 02:15 AM

Please respond to giordano@wt.net
To: Gerald Nemec/HOU/ECT
cc:
Subject: Re: Tasting List for August 5th

>Greg,  I have never been to a tasting before.  Will there be some small foods
to
>go along with the wine?
>

Yes, we will have cheese, fruit and bread to accent the wine.

Greg Giordano,
Director


I guess "working it out"?  The collateral piece will take a little time and
we'll have to run it by Japanese counsel.

	John Suttle
	11/16/2000 08:44 AM

		 To: Sara Shackleton/HOU/ECT@ECT
		 cc:
		 Subject: IBJ- ISDA Schedule - Credit provisions

What exactly does  "nutting it out" mean?  Is that a legal-speak??????

Let me know if I can help.

John
---------------------- Forwarded by John Suttle/HOU/ECT on 11/16/2000 08:43
PM ---------------------------

Jane McBride@ENRON
11/16/2000 04:59 AM
To: John Suttle/HOU/ECT@ECT, Sara Shackleton/HOU/ECT@ECT
cc:
Subject: IBJ- ISDA Schedule - Credit provisions

Dear John and Sara,

Just wondering how we are going on this?  Guess you two are trying to nut
something out.  Pls let me know if I can contribute at all.

Thanks heaps.

Jane


I thought you  comments about the "flexibility" of the program were
hilarious.  I just talked to Laura.   I'm moving to Chicago.  I'll give you
all the details and dates later.


MARK YOUR LUNCH CALENDARS NOW !

You are invited to attend the EWS Brown Bag Lunch Series

Featuring:  TIM BATTAGLIA

Topic:  Steel Origination

Thursday, April 19, 2001
11:30 a.m. - 12:30 p.m.
EB 5 C2


---------------------- Forwarded by Jeff Brown/NA/Enron on 03/20/2001 12:43
PM ---------------------------

FTE Newsletters <FTE_Newsletters@FTENERGY.COM> on 03/16/2001 01:43:12 PM
Please respond to custserv@FTENERGY.COM
To: TW_NEWS@LIST1.RESDATA.COM
cc:

Subject: Transmission Week - March 19, 2001 -- 9 pages

 - tw010319.pdf


Dear Elizabeth:

I hope that you are well.

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5. A talented attorney with over eight years experience doing project finance and lending, mergers and acquisitions, and capital markets transactions at two very prominent law firms. This Russian speaking attorney has represented investors, lenders, and multilateral agencies in power, energy and natural resources industry sectors, as well as financial services, IT and telecom clients in a wide variety of m & a matters.

6. This 1996 graduate of a highly regarded law school has over five years of solid general corporate experience. Great drafting skills and superb presence, this candidate will be a very welcome addition to any in house legal staff that seeks an intelligent, hard working and very well trained corporate generalist.

7.  Attorney who graduated first in his law class is  practicing corporate restructuring and reorganization at one of New York's premier law firms. Four years experience in all aspects of distressed debt transactions, including asset sales, plans of reorganization, asset-based financings, cross-border insolvency issues and strategic distressed acquisitions. Seeking in-house or investment banking position.

8. Yale Law School, Princeton University (magna cum laude).  Senior VP of one of top financial institutions in the world, this attorney has played a leading legal, business, integration and managerial role in acquisitons, joint ventures, equity investments and divestitures. Also has broad epxerience in securities law at a top law firm. Very well spoke and personable, this candidate is interested in  a  senior business/GC type position. NY metro area.

9.   Yale University (magna cum laude), Harvard Law School (cum laude) candidate with three years transactional experience at premier law firm before leaving to become general counsel at a new media company.  Has broad corporate, real estate and and technology experience.  Exceedlingly smart, conscientious, and energetic. This candidate will be an enormous asset to any company that hires him.  Wants NY area only.

10. UChicago Law School, over five years extraordinary experience at both a top law firm and a premier incubator. Practice areas include corporate, securities, intellectual property, mergers & acquisitions, venture capital financings and technology. Dynamic, very highly regarded attorney also speaks mandarin chinese. Wants in-house or legal/business position in Southern California only.

This is just a very small sample of the attorney/candidates that we work with. We can of course tailor our search to meet any specifications that you wish. Feel free to call us to discuss our service, or to refer us to a colleague that might be interested in hearing more about us, or to obtain references from our clients.  I hope I will be speaking with you soon.

Thank you for taking the time to  consider our service.

--
Steven J. Greenberg, Esq.
Managing Partner
Glocap Legal Search LLC
Carnegie Hall Tower
152 West 57th Street, 27th Floor
New York, New York 10019-3310
212-333-6431 phone
212-333-6401 fax
greenberg@glocap.net

www.glocaplaw.com


Yes, I am the one that placed it.  Gwyn told me she would be starting on
March 19th?  Did you not know about it?

Vince J Kaminski
03/05/2001 11:35 AM
To: Shirley Crenshaw/HOU/ECT@ECT
cc:
Subject: Confirmation of your order

Shirley,

Do you know about it?

Vince
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 03/05/2001
11:35 AM ---------------------------

Enron IT Purchasing
03/05/2001 11:09 AM
Please respond to Enron IT Purchasing
Sent by: ECTHOU-DOMWEB1
To: Shirley Crenshaw/HOU/ECT@ECT
cc: Vince J Kaminski/HOU/ECT@ECT
Subject: Confirmation of your order

This is an automatic confirmation of the request you have placed using IT
Central.

Request Number:   ECTH-4UJN5L
Order For:               Mitra Mujica

1 x ( OPTION: 128MB UPGRADE FOR DESKPRO EN 6600     $63 )
1 x ( Standard Desktop     $905 ) Enron IT Purchasing

*Please send all status inquiries regarding this request to:
mailto:receiving&hardware@enron.com


Linda, great job!!!!  I am happy with that result.  It makes things much
easier.  Have a great weekend.  Michelle

	"Linda Broocks" <lbroocks@ogwb.com>
	05/12/2000 10:17 AM
	Please respond to lbroocks

		 To: "Fine, Thomas F." <tffine@tva.gov>
		 cc:
		 Subject: RE: Enron v. Haile

Dear Tom:
 The fully executed copy is on its way to you.  Thanks for all of your
cooperation in bringing this matter to a close.  I will file the dismissal
papers and will copy you on them.
Best regards,
Linda

-----Original Message-----
From: Fine, Thomas F. [mailto:tffine@tva.gov]
Sent: Friday, May 12, 2000 9:03 AM
To: 'lbroocks@ogwb.com'
Subject: RE: Enron v. Haile

I have no problem with a non-notarized signature if it meets with your
approval.

Thomas F. Fine
Assistant General Counsel
ET 10A-K
865-632-2061; 865-632-6718 (fax)
tffine@tva.gov

> ----------
> From:  Linda Broocks[SMTP:lbroocks@ogwb.com]
> Reply To:  lbroocks@ogwb.com
> Sent:  Thursday, May 11, 2000 7:03 PM
> To:  Fine, Thomas F.
> Subject:  RE: Enron v. Haile
>
> Tom:
>  Today I received the agreement, which had been executed by Jim
> Fallon but
> not notarized.  He has now moved to another company.  If you need the
> signature notarized, it will take another couple of weeks to get it
> re-executed.  Would you prefer to have it non-notarized?  If so, I will
> send
> you your executed copy tomorrow.
>  Thanks for your continuing assistance.
> Linda Broocks
>
> -----Original Message-----
> From: Fine, Thomas F. [mailto:tffine@tva.gov]
> Sent: Monday, May 08, 2000 1:13 PM
> To: 'lbroocks@ogwb.com'
> Subject: Enron v. Haile
>
>
> Linda -
>
> Please let me know when we can expect to see the fully executed settlement
> agreement and the papers showing that the suit has been dismissed.
>
> Thank you for your continued cooperation.
>
> Thomas F. Fine
> Assistant General Counsel
> ET 10A-K
> 865-632-2061; 865-632-6718 (fax)
> tffine@tva.gov
>


Attend in person or via conference call at 801-983-4013, reference Ken Lay.

Please call if you have any questions.

Joannie
3-1769


Didn't receive your attachements.  Only got the ones Kim had already sent.
Did you just modify those, or create a new document?

Dylan Windham <dwindham@uclink4.berkeley.edu> on 09/10/2000 07:25:55 PM
To: jdasovic@enron.com, kkupiecki@arpartners.com
cc: jjackson@haas.berkeley.edu
Subject: Re: E220 Case #1

Here is what I have put together so far.  I just answered the questions
because I am not sure what he wants.  If you think we need to change
anything call me at 510-642-1606 tomorrow or email me by 4:00 pm.  I will
print it out and bring it to class.

--Dylan

At 11:36 AM 9/10/00 -0500, jdasovic@enron.com wrote:

>Greetings.  Kim's stuff looks pretty good to me.  There's a pretty high
>likelihood though that I won't be in class Monday or Tuesday either.  That
>means I can't turn in whatever it is we're turning in tomorrow (if I sound
>clueless, it might be because he ran out of handouts in the first class
>describing how the cases would work, and there's nothing posted on the
>site--apologies).  I can do the write-up for next week.
>
>
>
>
>Kimberly Kupiecki <kkupiecki@arpartners.com> on 09/09/2000 09:02:50 PM
>
>To:   dwindham@uclink4.berkeley.edu, jjackson@haas.berkeley.edu,
>       jdasovic@enron.com
>cc:
>Subject:  Re: E220 Case #1
>
>
>Hello fellow E220 mates,
>
>Attached are my attempts at Q1 and Q3.  I will not be in class Mon or Tues.
>
>Jeff, can you hand the case in?
>
>I am happy to take a crack at the other questions, let me know if you would
>like me to help out there.
>
>The xcel file is a little messy, it was really just a work sheet to play
>around with the numbers, but you are welcome to it.  In terms of format,
>since there is no guidance, I say we do it however we want.  We could
>answer the questions in prose style, for example.  The write up should be
>no more than a page and a half - but that is just my humble opinion.
>
>Cheers,
>
>At 12:40 PM 9/9/00, jdasovic@enron.com wrote:
>
> >Greetings folks.  We should decide how we want to handle.  One thing I'm
> >not clear on and that I couldn't find in the syllabus is, what's the
>format
> >for the write up?  If we're called on to discuss, do we simply discuss
> >orally, some sort of simplistic PP slides, spreadsheets, other?  Anyway to
> >discuss between now and Monday, or do we want to just take Dylan up on his
> >offer?
> >
> >Best,
> >Jeff
> >
> >
> >
> >
> >Kimberly Kupiecki <kkupiecki@arpartners.com> on 09/07/2000 06:56:44 PM
> >
> >To:   jdasovic@enron.com
> >cc:   dwindham@uclink4.berkeley.edu, kupiecki@haas.berkeley.edu,
> >       jjackson@haas.berkeley.edu
> >Subject:  Re: E220 Case #1
> >
> >
> >Hello all,
> >
> >I will take a look at the case tonight.
> >
> >Divvying is fine with me.
> >
> >At 03:22 PM 9/7/00, jdasovic@enron.com wrote:
> >
> > >would seem useful if we all contribute in some manner, but i'm open to
> > >suggestions.  perhaps we could divvy up the questions.
> > >
> > >
> > >
> > >
> > >Dylan Windham <dwindham@uclink4.berkeley.edu> on 09/07/2000 04:50:31 PM
> > >
> > >To:   dasovich@haas.berkeley.edu, kupiecki@haas.berkeley.edu,
> > >       jjackson@haas.berkeley.edu
> > >cc:
> > >Subject:  E220 Case #1
> > >
> > >
> > >
> > >Hello,
> > >
> > >I have started to look at the case assignment for Monday.  Since, I will
> >be
> > >out of town the following week I will volunteer to write this one up.  I
> > >don't know how he want to divvy up the work (by Questions or everyone
>does
> > >it all), but let me know.  I have already made a spreadsheet with the
> > >combined cash flow statement that I will send to you tomorrow.  Let me
> >know
> > >how we want to handle this.
> > >
> > >--Dylan
> > >
> > >
> > >Ofc. Dylan H. Windham
> > >Threat Management/Domestic Violence Unit
> > >University of California Police - Berkeley
> > >Room 1 Sproul Hall
> > >Berkeley, CA 94720
> > >(510) 642-1606
> >
> >
> >Kimberly Kupiecki
> >Senior Account Executive
> >A&R Partners
> >kkupiecki@arpartners.com
> >(650) 762 2800 main
> >(650) 762 2825 direct
> >fax (650) 762 2801
>
>(See attached file: E220 Case 5-1 Northrop.xls)
>(See attached file: E220 Case 5-1Northrop.doc)
>
>Kimberly Kupiecki
>Senior Account Executive
>A&R Partners
>kkupiecki@arpartners.com
>(650) 762 2800 main
>(650) 762 2825 direct
>fax (650) 762 2801
>
>
>

 - Northrop Case.doc
 - Northrop.xls


I) Mandatory reading for next week

For next week, November 17, 18,
Please read Mankiw, chapter 10.

Homework #4:
1.      How do monetary and fiscal policy shift the IS and LM curves?
2.      Bring to class a recent newspaper article indicating a shift of the IS
or LM curve.
3.      Given the decline in aggregate demand in Southeast Asia during the
last
2 years, what shifts in IS or LM would you recommend?  What shifts did the IMF
recommend?
4.      Mankiw p. 292 problems 1 and 2 for class.

In short, we will discuss recent shifts in IS & LM curves in EC, US, Japan,
and
Indonesia during the 1997-98 crisis.  Please have something to say about one
or
more of these.

II) Optional readings: Your classmates sent for your perusal:
        1. "A French Paradox at Work" on the 35- hour week
        2. "Latin American markets rally"
        3. "Getting to the Bottom of Japan's Economic Blues"

1. "A French Paradox at Work" New York Times November 11, 1999     By SUZANNE
DALEY

          FASTATT, France  Last year, the Beyer family, which owns a small jam
and fruit preserves plant here near the Swiss border, made a proposal to their
18 employees: Would they like a 35hour workweek and continue to be paid for
working 39 hours?
          To no one's great surprise, the employees said yes. "An hour more
for
yourself is  an hour more," said Christiane Grimm, whose job includes slapping
labels on jars,  sorting through crates of fruit and watching over bubbling
vats of jam. "There's  lots you can do with it."
      Surprisingly, the Beyers ended up happy, too. The company, one of
thousands of  French enterprises that have reorganized their businesses
because
of a  16monthold law creating one of the shortest workweeks in the world,
believes  that it is far better off than before.
      In the reshuffle, Philippe Beyer split his 18 employees into two teams
and  staggered their shifts. His factory here in the Alsace region now
operates
12 hours a day, up from 8. And it produces 30 percent more than it did last
year with only  two extra employees.
      The promise of 39 hours of pay for 35 hours of work was a campaign plank
that  helped catapult Lionel Jospin's leftist coalition to power in the 1997
Parliament  elections. And it remains the glue that keeps Socialists,
Communists and Greens  together. It was aimed at creating as many as a million
jobs in a country that has  struggled with a doubledigit rate of unemployment
for years.
      But many experts think that this bold experiment  which business leaders
had  warned would cripple France's economy  is not going to be a cureall for
the  nearly three million unemployed.
      Instead, it could accomplish something the leftist governing coalition
never aimed  for: a kind of housecleaning in the French workplace that will
tear the cobwebs  from French industry and lead to a more productive and
flexible work force, as it  did at Beyer.
      "The primary goal of this policy is very unlikely," said Emanuel Ferry,
an  economist at Banque National de Paris, who is studying the policy. "But it
seems  to be having a backdoor effect. It is providing a very good opportunity
to  renovate the workplace. And it is introducing these elements
productivity,  flexibility  quietly without triggering social unrest. So even
if the direct goal of  job creation is not achieved, it may still not
necessarily be a bad thing for the  economy."
      That may be, but there is hardly a policy that has caused as much
argument in  France as the 35hour week. While labor was an early advocate of
the idea, many  unions have recently demonstrated against it, fearing that the
way it is being  carried out will freeze salary levels and reverse hardfought
gains in employee  rights. Businesses have protested, too. Last month, some
30,000 industrialists and  executives gathered in an empty Paris conference
center to wave placards and  chant slogans deploring the policy. They say it
will cost too much and destroy  France's competitiveness.   Average citizens
also seem to be losing their appetite for it. Surveys show that the  idea was
very popular when first proposed, but resistance grew the more the  French
considered it. A recent poll found that less than 10 percent of France's
citizens now believe that they are going to benefit from shorter workweeks.
Most  people suspect that one way or another, they will be inconvenienced.
Either way,  it is a subject almost sure to start a fight.
      "People feel very strongly about it," Beyer said. "In this country we
are
a little retrograde, we live the way we lived 30 years ago, and this is
forcing
change and  so people are uneasy with it."
      So far, there is little proof that the 35hour week has created many
jobs.
Labor  Ministry officials said in Parliament recently that the plan had
created
or saved  120,000 new jobs. But one legislator called the figures "thin air,"
and most  economists say a more realistic number would probably be half that.
Opponents  also point out that the government has been subsidizing the
transition with  business tax cuts and other incentives.
      France's economy grew at a healthy rate of 3.2 percent in 1998, and is
expected to do nearly as well this year. The unemployment rate has dropped to
11.1 in August  from a high of 12.6 percent in June 1997. But few see much
connection between the  new jobs and the 35hour policy.
      "The 35 hours was a political decision," a Finance Ministry official
said, "but it  may become a really positive thing. Nothing was moving before.
Now suddenly  everyone has to go back and look at the way we have been doing
business.  People are talking and thinking and being creative."
      The process of carrying out this complicated law, passed in June 1998,
is
still in its early stages. This month, Parliament passed a tangle of more than
100 amendments  spelling out exactly how and when the policy should be
instituted. One rule: All  companies with 20 employees or more must operate
with a 35hour workweek by  the year 2002. So far, only about 16,000
businesses,
or little more than 1 percent of  eligible French employers, have formally
made
plans for the conversion.
      Economists say the brunt of the law will be felt unevenly. Some
businesses like the Beyer factory will benefit. Others, including service
industries, are likely to have a  much harder time.
      George Jallerat, who owns Le Grand Monarque Hotel and Restaurant in
Chartres,  says he cannot figure out how to reduce his employees' hours, pay
them the same  wages and not lose money. "In the end, we will have to raise
prices," he said.  "There is no other way."
      Some entrepreneurs are already taking steps to protect themselves. Dr.
Thierry  Sandr, employs 19 people in his medical lab on the outskirts of
Paris.
He says he  will do all that he can to avoid hiring a 20th person and bring
the
35hour  workweek into his business.
      But he does not trust the government to leave him alone. So he has not
raised the  pay of any of his employees in two years, as a way of saving money
for the day he  has to give them a 35hour workweek for 39 hours of pay. He
says
he is not alone.
      While the 35hour workweek was being debated, government officials began
trying to enforce the 39hour limit that now exists, even among managers.
Agents  prowled garages to see what time people were actually leaving.
Thousands of  fines were issued, and in one case, the director of a
electronics
factory owned by  ThomsonRCM was hauled into court for working too hard and
allowing his  engineers and other managers to put in an average of 46 hours a
week. In June, he  received an $18,000 fine. The action prompted some
businesses to install time  clocks even for managers and made the government
the butt of jokes.
      Those who have jumped at the shortened workweek are often those who were
already planning to expand their businesses. For instance, the Packard Bell
factory  in the western town of Angers, which makes computers, went to the
35hour week  this year precisely because it wanted to increase production by
30
percent. To do  that, it needed to reorganize its 1,200 employees into more
teams and more shifts.  Offering a 35hour week was a way of opening
negotiations with its unions.
      JeanLuc Bayel, the director of human resources, said the plan had worked
out  even better than anyone expected. "We have far less absenteeism," Bayel
said.  "And we are seeing a better product. People have to stand to do the
job,
and  standing for eight hours is hard. Now they stand for only seven and we
are
seeing  a 5 percent reduction in problem computers. We are very happy with the
changes."
      Packard Bell did not take advantage of government subsidies because it
did not  want to follow government rules. But others like Beyer also saw in
the
new law a  way of getting government aid to pay for expansion plans.
      At Beyer, for instance, the government aid package will pay nearly 90
percent of  the salary for the two employees he added this year. Next year, it
will pay about 70  percent and 50 percent the year after that. But Beyer, who
took over the business  from his father two years ago, wanted to expand
anyway.
He says he might have  gone ahead with his plans anyhow, but the law gave him
a
push.
      Not far from Beyer's factory, Didier Thuet, who owns a small heating
installation  business adopted the 35hour week for just the same reason. "It
was an  opportunity to try something," he said.
      Thuet's business is seasonal. There is little work at all from March to
May. So he  offered his employees a shorter workweek during those months in
exchange for a  longer one during peak business periods. They also got an
additional six to eight  days off. All six of the employees agreed to a salary
freeze until the year was over  and the company could see how much money it
made.
      But both Thuet and Beyer have their doubts about whether the law will
work  everywhere.
      And there are complaints from the supposed beneficiaries of the new
jobs.
At  Beyer, Sarah Charro, who at 26 had a series of temporary jobs, was hired
because  of the reorganization, but she has little good to say about it. She
says the  atmosphere in the factory is tense.
      "I feel in some ways like we went backward," Ms. Charro said. "We are
working  only 35 hours, but they are trying to push a lot into those hours
push, push,  push. We are all stressed out."
      Thuet's new employee, Christoffe Foulon, says the 35hour week is great
if
he  does not lose any money. But in truth, he would rather work more and earn
more.  He says few of his friends seem to envy him. Instead, he says, most
give
him a  hard time. "They treat me like I'm lazy," he said.

*******************
2. Published Monday, November 8, 1999, in the San Jose Mercury News
"Latin American markets rally," Simon Romero, New York Times

SAO PAULO, Brazil  Buoyed by fresh inflows of overseas investment money, stock
markets in Latin America are staging a rally  that could presage a return to
economic growth in many of the region's  countries next year.

 Over the last few weeks, indexes like the Bovespa on the Sao Paulo  stock
exchange, Latin America's largest stock market, have soared to a  sixmonth
high. In Mexico, Latin America's second-largest country, the  bolsa index
reached a threemonth high. On the coattails of these  markets, stocks in
Argentina, Chile and Colombia registered healthy  gains.

 Much of the rally has been fueled by relief over potential interest rate
increases in the United States, as recent economic reports have led  some
investors to believe that only one increase in rates, instead of  several, is
likely in coming months. Lower interest rates in the United  States, Latin
America's biggest source of investment, translates into  more money available
for purchases of stocks in the region.

  However, a growing consensus that Latin America is positioned for a  revival
of economic growth next year is also encouraging investors to  increase their
stock holdings.

  The recovery of some commodities prices, healthy demand for Latin  American
exports in rich industrialized nations and political and  economic
developments
in countries like Mexico have led analysts such  as Geoffrey Dennis of Salomon
Smith Barney to predict 3.2 percent  growth for the region as a whole next
year, compared with fourtenths  of a 1 percent contraction in 1999.

  ``Investors are lifting the veil from a period in which Latin America was
oversold,'' said Edmar Bacha, the New Yorkbased strategist for Banco  BBA
Creditanstalt. ``What they're seeing, minus the threat of higher  Fed rates,
is
a region looking a lot better next year than this year.''

  One of the best examples of this newfound optimism is Chile, a nation  that
was hit hard by the economic crisis suffered by some of its Pacific  Rim
trading partners.

  Helped by lower domestic interest rates and a recovery in the price of
copper, Chile's economy is expected to grow 5.5 percent in 2000,  compared
with
a shrinkage of half a percent this year. And coming  presidential elections
are
not viewed as risky, since the two leading  candidates are pledging a similar
blend of centrist economic policies,  said Neil Dougall, an economist with
Dresdner Kleinwort Benson.

  In Mexico, politics is also generating optimism over the economy with
concern easing over the possibility of disruption resulting from primary
presidential elections. And strong growth in the United States, Mexico's  main
export market, contributes to positive sentiment over the country's  economy,
which is increasingly viewed by economists as more linked to  its northern
neighbors than to the rest of Latin America.
  Yet while prospects look better in countries like Chile and Mexico, it is
in
Brazil, Latin America's biggest economy, where most attention is  focused. So
perhaps it is no small wonder that the rally lifting most Latin  markets is
nowhere as dramatic as it is here.

  Two weeks ago, Brazil's currency, the real, was getting hammered as
speculators who had been betting on weakness pushed the real beyond  two to
the
dollar for the first time in eight months. As alarm grew over  the real's
decline, Brazil successfully sought greater flexibility to defend  the
currency
by using money from the International Monetary Fund,  which has oversight over
such matters because it is financing an  economic aid package to the country.
The real began to strengthen.

  ``All of a sudden there was much less pressure on the bank to raise  rates
to
attract foreign capital,'' said Carlos Novis Guimaraes, head of  Latin
American
investment banking at Lehman
Brothers.

 With the likelihood larger that Brazil might lower rates rather than raise
them, a fresh assessment emerged.  Corporate profits, like those from
eucalyptus producers benefitting from  higher pulp prices and banks prospering
from prescient investment  strategies, suggested an economic recovery stronger
than once thought.  Most analysts are predicting Brazil's economy will grow 3
percent in  2000, compared with 0 percent expected this year.

 Still, investors remain cautious about the potential for rebound.  While
shocks like Ecuador's moratorium on foreign bonds seem to have  been absorbed
without causing much damage to investor sentiment,  other factors lead some
investors to remain wary.

  For instance, interest rate increases abroad, like those announced  Thursday
by the European Central Bank and the Bank of England,  could undermine Latin
America's stock rally. Reticence by Brazil's  Congress to approve government
proposals to simplify the tax system  and trim pension spending may also raise
a red flag.

  Nevertheless, an important shift in sentiment seems to be taking place.
``It
appears that global risk aversion is lowering after the collapses  predicted
by
some people never materialized,'' said Ernest Brown,  senior Latin America
economist at Morgan Stanley Dean Witter.

*************3. JAPAN ECHO Vol. 26, No. 1, February 1999
Getting to the Bottom of Japan's Economic Blues
KOJIMA Akira
        The Japanese economy found itself pushed to the edge of a precipice in
1998 by a rapid surge of deflationary pressure. Obuchi Keizo, who succeeded
Hashimoto Ryutaro as prime minister at the end of July, proclaimed his new
administration an "economic revitalization cabinet," and policy at least
shifted in the right direction, however belatedly. The government secured
passage for legislation setting aside a huge volume of public funds to deal
with the stricken financial sector, and it approved fiscal outlays on an
unprecedented scale to stimulate demand. Thanks to these measures, the economy
managed to stop just short of the precipice.
        During 1999 the economy should enjoy a bit of a breather as the
effects
of the heavy dose of government stimulus take hold. But it will be no more
than
a breather, and it will be essential for financial institutions to take
advantage of this temporary respite to restructure their operations and for
business corporations to undertake serious efforts to strengthen themselves.
If
they fail to do so, the economy is liable to slip back into critical condition
as soon as the effects of the stimulus have worn off. This year will be a
decisive one, representing as it does the last chance of the twentieth century
for the Japanese economy to be revitalized.
        After achieving a recovery labeled miraculous in the years after World
War II, our country's economy suddenly lost its momentum in the final decade
of
the century. The downturn started in 1991, and from 1992 through 1994 the
growth rate was close to zero. In 1995 and 1996 the economy managed to expand
by 2%-3%, but then in fiscal 1997 (April 1997 to March 1998) it contracted by
0.7%. And the growth rate for fiscal 1998 is being estimated at around -2%.
This will be the first time in the postwar period that the economy has
recorded
negative growth for two years in a row. It will also mean that the average
growth rate from 1992 through 1998 will fall to 0.7%, dipping below the 1%
mark.
        Why did the economy suddenly lose its steam? The main causes are the
speculative bubbles of the late 1980s and the policy blunders following their
bursting starting in 1990. Over the course of history, countries around the
world have experienced economic bubbles. Where they differ is in the skill of
their policies to deal with the aftermath. Japan's record on this score has
clearly been a string of failures. Until 1998 the authorities did virtually
nothing to promote the clearing up of the large volume of loans that went bad
after the collapse of the bubble economy. This huge overhang of nonperforming
assets in the financial sector acted as a drag on the economy as a whole,
preventing it from regaining its forward momentum. And as the recession
dragged
on, the bad-debt problem grew even greater in scale. The situation
deteriorated
to the point where a series of major financial institutions went bankrupt in
November 1997, setting off an overall contraction of credit.
        Earlier in the year the government had implemented a set of
belt-tightening measures, including a hike of the consumption tax from 3% to
5%, that produced a negative fiscal impulse on the order of \9 trillion. In
other words, 1997 was a year of powerful deflationary pushes from both the
monetary and fiscal sides of the macroeconomic picture. No economy could
withstand this sort of double punch without buckling.
        Particularly from November 1997 on, the economy was obviously headed
down, but even so the government dallied in shifting its fiscal stance and in
dealing with the bad debts that were at the root of the financial deflation.
What set off the powerful deflationary contraction of credit was the first
occurrence of default in the interbank market in the postwar period in early
November. Despite the smallness of the amount defaulted, the market panicked
because all its transactions were premised on the absolute impossibility of
default. Financial institutions became leery of extending credit to each
other,
and the interbank market ceased to function smoothly. Every institution tried
to build up its own liquidity. And financial institutions whose capital was
meager by comparison with the scale of their nonperforming loans found
themselves coming under a fierce attack in the stock market. As a result, they
moved to raise their capital adequacy ratios by cutting back on their
lending.!

        This set off a classic credit crunch.
LENDER OF FIRST RESORT
        When matters reach this sort of pass, the relaxation of monetary
policy
by the central bank fails to affect the real economy. Though the Bank of Japan
has adopted an extremely loose policy stance, actual financial conditions have
become severely tightened. This can be seen most clearly in the relationship
between the money supply and bank credit. Normally when the money supply (cash
and bank deposits) expands, the volume of lending by banks grows accordingly,
and financial conditions relax. But in the credit contraction that became
pronounced from the end of 1997 on, bank lending has shrunk in volume despite
growth of the money supply.
        For example, if we look at the figures for the so-called city banks
(Japan's major money-center banks) in the 12-month period ending September
1998, we find that their deposits were up 5.3%, but their outstanding loans
decreased by 2.5%, or \4.5 trillion. And the ratio of loans to deposits fell
by
a remarkable 8.7 percentage points over the same period. Banks were under
pressure to write off their bad loans, which they had been putting off doing;
the capital crunch in the financial sector was accompanied by a credit crunch
in the general economy.
        So what have the banks been doing with their increased deposits? They
have been avoiding risk by investing them in government bonds, and as a result
the yield on the government's 10-year issues has fallen below 1%. This is a
first for Japan, of course, and in fact it is unprecedented in capital markets
around the world. The problem is that, even as government bond yields have
been
falling, the yield on the corporate bond issues of big businesses has been
rising. In other words, not only has it become harder for businesses to borrow
from banks, but it has also become harder for them to raise funds from the
capital market. Even so, major corporations have been raising some funds
through bond issues. But smaller firms that are not in a position to issue
their own bonds have felt the full brunt of banks' cutbacks in lending.
        If this situation were left untreated, the Japanese economy would have
no prospect of recovering. During the course of 1998, therefore, the Bank of
Japan implemented large-scale purchases (via banks) of commercial paper, which
are notes issued by corporations to cover their operating expenses. In effect
the central bank was stepping in to lend where regular banks would not. One
might even say that it became the lender not of last resort but of first
resort. In addition, other government-affiliated financial institutions have
been actively extending loans to companies and other firms.
        The root cause of the contraction in bank lending is the remaining
pile
of bad loans, which has still not been adequately dealt with. In order to
alleviate this problem, the government has come up with a massive \60 trillion
package of public funding for the financial sector. But bank executives are
reluctant to make use of these public funds, fearing that if they do, they
will
be expected to take responsibility for the failure of their earlier lending
decisions. And under these circumstances the credit crunch appears certain to
continue, even if it becomes somewhat less serious in degree.
        The gravity of the bad-debt problem is apparent from the volume of the
asset value lost as a result of the collapse of the bubble economy. In the
period from 1991 through 1994 land prices fell \556 trillion, and from 1989
through 1992 stock prices dropped \490 trillion. In other words, the value of
assets in these two major categories plunged by over \1 quadrillion in the
post-bubble period, an amount equivalent to more than two years' gross
national
product. Since a large portion of the purchases of both land and stocks had
been financed by bank lending, the deflation in these asset values led
directly
to the emergence of huge amounts of bad loans.
STRUCTURAL FACTORS ADDING TO THE DRAG
        The principal causes of the Japanese economy's sudden loss of momentum
in the 1990s thus appear to have been the policy failures in dealing with the
aftermath of the bubble years, in connection both with the bad-debt problem
and
the handling of fiscal affairs. These were not the only causes, however. Other
factors, systemic and structural, account for probably 20% to 30% of the total
negative change.
        A number of problems may be cited in this connection: (1) Japan
completed the decades-long process of catching up with the West. (2) The
country was tardy in coping systematically with the forces of globalization
and
megacompetition that picked up strength following the end of the cold war. (3)
The Japanese population has been aging at a pace never experienced by any
country in the world, and this has heightened people's concerns about the
future. (4) The focus of technology has been shifting from manufacturing
toward
information, software, and services.
        The end of the catch-up process meant less scope for growth through
the
introduction of technologies and products from overseas, forcing Japan to rely
on innovations of its own to achieve further economic expansion. Furthermore,
it had to do so within the context of the world's highest average wage levels.
        Next, the advent of megacompetition meant the emergence of rivalry
from
the newly industrialized economies, many with wages only a tenth or a
fifteenth
of Japan's, placing Japanese businesses in a highly disadvantageous position.
        Population aging, meanwhile, is a process that has been going on in
all
the industrial nations, but in Japan's case it has been progressing at an
especially rapid clip. This has forced the country to scramble in order to
make
the required systemic adjustments in areas like pensions and employment. In
addition to the rise in longevity, there has been a sharp decline in the
birthrate, which has further accelerated the rise in the elderly share of the
population. Early in the twenty-first century, the total number of Japanese is
expected to start declining. In the 50 years following the end of World War
II,
the population grew by an average of about 1 million people a year, but in the
50 years to come it is estimated that it will decline on average by half a
million a year. This will mean a shrinking labor force, which will face an
increased burden in supporting the growing numbers of elderly, and it will
also
mean shrinking markets. Various systems, including pensions, taxes,
employment,
and wages, will have to be reformed fundamentally in order to keep them from
collapsing. Meanwhile, of course, the vitality of the economy will wane, and
with it the capacity for economic growth. The outlook is bleak.
        Finally, the paradigm shift in technology will pose a major challenge
for Japan in the period to come. During the twentieth century Japan has been
extraordinarily successful with its technology for standardized mass
production, which was the dominant paradigm of the century. Automobiles and
electric appliances are representative of the fields in which Japanese
manufacturers have won strong positions. But since the early 1980s, when
Japanese industry was seen by many people to be victorious, the focus in
high-value technology has been shifting away from standardized mass production
in the direction of knowledge-intensive and information-intensive areas, from
hardware to software, and from manufacturing to services.
        As globalization has progressed, capital, technology, and management
know-how have been moved actively across national borders, and standardized
production was easily shifted to the newly industrialized economies. The
medium
for these transfers has been cross-border direct investment, which has grown
by
leaps and bounds since the end of the cold war. We have entered an age in
which
comparative advantage in standard mass production can be imported. This
produces a tendency toward price leveling. In most cases the trend is a
downward one, with prices being drawn to the level of the low-wage countries.
And it makes it difficult for a high wage country like Japan to sustain high
value-added production.
THE PARADOX OF SUCCESS
        There are two ways out of this difficulty. One is to shift
manufacturing
operations overseas to take advantage of lower wage levels. The other is for
businesses to compete in nonprice areas by coming up with their own
technologies and products. Corporations that shift their operations offshore
can continue to enjoy growth in their consolidated results on a global basis,
but meanwhile they are promoting the hollowing out of the domestic
manufacturing sector. For Japan as a whole the second alternative, nonprice
competition, is more desirable, especially now that the goal of catching up
with the West has been accomplished. But in order to succeed at this endeavor,
it will be necessary to recast the whole set of systems that were designed for
the catch-up period. The new systems will have to shift their focus from the
achievement of equality of results to support of those who take risks and
display creativity. The system of automatic wage hikes in line with increasing
seniority will have to be overhauled, and the egalitarianism of the school
system will also have to be modified.
        Making such reforms will mean fundamentally changing the social values
to which we have become accustomed. Resistance is likely to be great. People
will be quick to agree with the need for reform in principle but will resist
the particulars that affect their own areas of activity. Already over the past
decade we have witnessed many loud calls for reform, leading to numerous
reports and recommendations, but there has been little by way of
implementation.
        One reason for this lack of follow-through is the fantastic success
that
Japan enjoyed in the economic sphere for the previous several decades. Since
the existing systems and practices were so successful for so long, they have
become quite hard to change. This is the "paradox of success" or "reward of
success" to which Peter Drucker refers.
        It may be possible for the Japanese economy to get out of its current
hole by overcoming the credit crunch arising out of the bad-debt problem and
correcting the earlier mistakes in fiscal policy. This, however, will amount
to
no more than the righting of earlier wrongs. In order for our economy and
society to demonstrate vigor and creatively produce new value and new
technologies in the century to come, we must overcome the "paradox of success"
and remake our long-standing systems and practices. The lack of progress
toward
this goal is the source of our current sense of being at an impasse.
        The massive dose of financial and fiscal stimulus that the
government is
now administering should halt the severe downturn that started in November
1997, and in 1999 we can hope to see at least faint signs of a recovery. But
it
is essential that this respite be used to achieve progress toward systemic
reform. Unless this is accomplished, the 1990s will be a "lost decade" for
Japan, and our economic outlook for the twenty-first century will be a gloomy
one.

David I. Levine                 Associate professor
Haas School of Business    ph: 510/642-1697
University of California    fax: 510/643-1420
Berkeley CA  94720-1900                            email:
levine@haas.berkeley.edu
http://web.haas.berkeley.edu/www/levine/


that works for me

-----Original Message-----
From: Dana R Richardson [mailto:drrichardson@cmsenergy.com]
Sent: Friday, October 19, 2001 12:06 PM
To: Macaul, Pam; 'Suzanne Sperling'; 'Susan'; 'Tori'
Subject: RE: Baby Shower for Tripp--action items

OK guys - I need help deciding what gift to get for the shower.  Jennifer's
registry can be viewed on the internet at www.babiesrus.com.  I was
thinking we could get her one of the more expensive items since there are 5
of us pitching in.  Susan suggested the 3 way pack n' play portable playard
-- sounded good to me.

Let me know what you think.  My plan is to go pick something up next
weekend.

Thanks.

Dana

                    "Macaul, Pam"
                    <Pam_Macaul@bm       To:     "Macaul, Pam" <Pam_Macaul@bmc.com>, "'Dana'"
                    c.com>                <drrichardson@cmsenergy.com>, "'Susan'" <Susan.Hadix@elpaso.com>,
                                          "'Suzanne Sperling'" <sksperling@aol.com>, "'Tori'" <tkuyken@enron.com>
                    10/05/2001           cc:
                    02:07 PM             Fax to:
                                         Subject:     RE: Baby Shower for Tripp--action items

Update: Suzanne is bringing fruit.

List of Action Items

*    Send PowerPoint invitation to email addresses and hardcopy
invitation to those without an email address including directions to
Susan's
place after Tripp registers (most likely the week of October 8th) -- Susan

*    Buy and wrap gift(s) from us co-hostesses (Tripp said she was
planning on registering at Babies R Us--this way we don't all have to go
and
we can pitch in and get something bigger)  -- Dana

*    Spruce up and decorate (centerpiece flowers, etc.) Susan's place;
seating  -- Tori

*    Music -- Suzanne

*    Beverages (brunch-related) -- Suzanne

*    Food (brunch):
Dana --  strawberry bread, sausage balls
Pam -- breakfast casserole, something else???

*    Susan -- southern hash browns, and a quiche
Suzanne -- fruit
Tori --

*    Cake  -- Tori

*    Paper napkins, plates, utensils, cups  -- Dana

*    List gift and giver while Tripp opens presents  -- Pam

*    Pictures -- Pam

-----Original Message-----
From: Macaul, Pam
Sent: Wednesday, October 03, 2001 3:17 PM
To: Macaul, Pam; 'Dana'; 'Susan'; 'Suzanne Sperling'; 'Tori'
Subject: RE: Baby Shower for Tripp--action items

Update: Susan is going to send out the invitations.

I will bring a camera and take some pictures; maybe one of you could take a
few while Tripp is opening gifts since I will be writing.

List of Action Items

*    Send PowerPoint invitation to email addresses and hardcopy
invitation to those without an email address including directions to
Susan's
place after Tripp registers (most likely the week of October 8th) -- Susan

*    Buy and wrap gift(s) from us co-hostesses (Tripp said she was
planning on registering at Babies R Us--this way we don't all have to go
and
we can pitch in and get something bigger)  -- Dana

*    Spruce up and decorate (centerpiece flowers, etc.) Susan's place;
seating  -- Tori

*    Music -- Suzanne

*    Beverages (brunch-related) -- Suzanne

*    Food (brunch):
Dana --  strawberry bread, sausage balls
Pam -- breakfast casserole, something else???

*    Susan -- southern hash browns, and a quiche
Suzanne --
Tori --

*    Cake  -- Tori

*    Paper napkins, plates, utensils, cups  -- Dana

*    List gift and giver while Tripp opens presents  -- Pam

*    Pictures -- Pam

-----Original Message-----
From: Macaul, Pam
Sent: Wednesday, September 05, 2001 11:11 AM
To: Macaul, Pam; 'Dana'; 'Susan'; 'Suzanne Sperling'; 'Tori'
Subject: RE: Baby Shower for Tripp--action items

See updates in the food section.

-----Original Message-----
From: Macaul, Pam
Sent: Wednesday, September 05, 2001 10:13 AM
To: Macaul, Pam; 'Dana'; 'Susan'; 'Suzanne Sperling'; 'Tori'
Subject: RE: Baby Shower for Tripp--action items

I'll keep track of the gifts while Tripp opens them.

-----Original Message-----
From: Macaul, Pam
Sent: Wednesday, September 05, 2001 9:59 AM
To: Macaul, Pam; 'Dana'; 'Susan'; 'Suzanne Sperling'; 'Tori'
Subject: RE: Baby Shower for Tripp--action items

Thanks for all the updates:

-----Original Message-----
From: Macaul, Pam
Sent: Tuesday, September 04, 2001 7:09 PM
To: Macaul, Pam; 'Dana'; 'Susan'; 'Suzanne Sperling'; 'Tori'
Subject: RE: Baby Shower for Tripp--action items

Please see updates:

Suzanne, FYI regarding the music, Susan said you can always switch on a
Satellite TV Music station--she has at least 20 according to type (Jazz,
Classical, etc.--you and Scott probably have the same thing). But, I also
know you guys have a fabulous collection of CDs.

List of Action Items

*    Buy and send invitations including directions to Susan's place by
October 22nd (We decided to have it at Susan's because Tripp is planning to
invite 15-20 women; Chris' and my place would be tight for that many to sit
together.) -- Pam (Susan created a beautiful PowerPoint invitation that we
may use; I will take care of this item though, so I can field RSVPs etc.)

*    Buy and wrap gift(s) from us co-hostesses (Tripp said she was
planning on registering at Babies R Us--this way we don't all have to go
and
we can pitch in and get something bigger)  -- Dana

*    Spruce up and decorate (centerpiece flowers, etc.) Susan's place;
seating  -- Tori

*    Music -- Suzanne

*    Beverages (brunch-related) -- Suzanne

*    Food (brunch):
Dana --  strawberry bread, sausage balls
Pam -- breakfast casserole,
Susan -- southern hash browns, and a quiche
Suzanne --
Tori --

*    Cake  -- Tori

*    Paper napkins, plates, utensils, cups  -- Dana

*    List gift and giver while Tripp opens presents  -- Pam

*    Pictures

-----Original Message-----
From: Macaul, Pam
Sent: Tuesday, September 04, 2001 5:10 PM
To: Macaul, Pam; 'Dana'; 'Susan'; 'Suzanne Sperling'; 'Tori'
Subject: RE: Baby Shower for Tripp--action items

Please see updates:

-----Original Message-----
From: Macaul, Pam
Sent: Tuesday, September 04, 2001 4:56 PM
To: Macaul, Pam; 'Dana'; 'Susan'; 'Suzanne Sperling'; 'Tori'
Subject: RE: Baby Shower for Tripp--action items

Sorry, meant to include this the first time:

List of Action Items

*    Buy and send invitations including directions to Susan's place by
October 22nd (We decided to have it at Susan's because Tripp is planning to
invite 15-20 women; Chris' and my place would be tight for that many to sit
together.) -- Pam (Susan created a beautiful PowerPoint invitation that we
may use; I will take care of this item though, so I can field RSVPs etc.)

*    Buy and wrap gift(s) from us co-hostesses (Tripp said she was
planning on registering at Babies R Us--this way we don't all have to go
and
we can pitch in and get something bigger)  -- Dana

*    Spruce up and decorate (centerpiece flowers, etc.) Susan's place;
seating

*    Music

*    Beverages (brunch-related)

*    Food (brunch):
Dana --
Pam -- breakfast casserole,
Susan --
Suzanne --
Tori --

*    Cake

*    Paper napkins, plates, utensils, cups  -- Dana

*    List gift and giver while Tripp opens presents

*    Pictures

 -----Original Message-----
From: Macaul, Pam
Sent: Tuesday, September 04, 2001 4:33 PM
To: 'Dana'; 'Susan'; 'Suzanne Sperling'; 'Tori'
Cc: Macaul, Pam
Subject: RE: Baby Shower for Tripp--action items

Hey there! Hope you all had a great Labor Day Weekend. We sure did.

I wanted to get the ball rolling with Tripp's shower. Below is a list of
action items we will need to do.
1) Let me know if I need to add any items that I may have forgotten.
2) Please sign up for what fancies you. (Keep your receipts and we will
divy
costs at the end.)
I will resend the list with updates as I get them.

List of Action Items

*    Buy and send invitations including directions to Susan's place by
October 22nd (We decided to have it at Susan's because Tripp is planning to
invite 15-20 women; Chris' and my place would be tight for that many to sit
together.)

*    Buy and wrap gift(s) from us co-hostesses (Tripp said she was
planning on registering at Babies R Us--this way we don't all have to go
and
we can pitch in and get something bigger)

*    Spruce up and decorate (centerpiece flowers, etc.) Susan's place;
seating

*    Music

*    Beverages (brunch-related)

*    Food (brunch):
Dana --
Pam -- breakfast casserole,
Susan --
Suzanne --
Tori --

*    Cake

*    Paper napkins, plates, utensils, cups

*    List gift and giver while Tripp opens presents

*    Pictures

Thanks. Talk to you soon.
Pam

-----Original Message-----
From: Macaul, Pam
Sent: Monday, July 23, 2001 4:59 PM
To: 'Dana'; 'Susan'; 'Suzanne Sperling'; 'Tori'
Cc: 'Tripp'
Subject: Baby Shower for Tripp

Hello Ladies!

I've talked to all of you and you all have expressed interest in
co-hostessing (if that is a word) Tripp's baby shower. I just wanted to
send
out an initial email to let you know where we are and a date.

*    After perusing a calender and talking with Tripp, the planned date
is Saturday, November 10th. (I know the time between Thanksgiving and New
Years is crazy for everyone and right after New Years is cutting it close
since Tripp is due Jan. 20th plus or minus 2 weeks.)

*    It will be a brunch (11-1ish).

*    Tripp will send me an invitation list around October 1st.

*    At this point, Tripp is undecided on whether it will be just a girls
shower or a couples shower.

*    Tripp is thinking that it may be about 15 people max.

*    The default venue will be my place; however, Susan has offered to
use her place which I may need to take her up on because our living room is
really only good for 10 people max. Susan are you still okay with that?

As we get closer, I will send out a list of things we need to do and let
you
pick what you want to do. Or let me know before then if there is anything
you are dying to do.

See you soon!

  _____

Pam Macaul
Information Developer
713.918.3938
2.1427A

  _____

(See attached file: bmc_logo.gif)
(See attached file: comp26(1).gif)


Steve,

Below is an analysis of 125 EBS employees listed for redeployment.  The final
number is still predicted to be around 140, but the information reflects all
the names received for this process to date.  We are continuing to get names
in on a daily basis and do feel the 140 number will be about right.

Kriste Sullivan, in Corp. Legal said the risk looks low for age or any other
discrimination claims based on the analysis completed.

We will update this information as we add names, but wanted you to have this
initial summary.

Marla Barnard (marla_barnard@enron.net)
Vice President - Human Resources
Enron Broadband Services
713-345-8158 (Office)
713-646-2678 (Fax)
----- Forwarded by Marla Barnard/Enron Communications on 03/15/01 03:16 PM
-----

	Margaret Dennison
	03/14/01 06:30 PM

		 To: Marla Barnard/Enron Communications@Enron Communications, Kriste
Sullivan/Enron@EnronXGate
		 cc:
		 Subject: EBS Analysis

Marla and Kriste,

Attached is a breakdown between our current status (in green) and the
redeployment info (in yellow).  Let me know if you have any questions.
Thanks.  md


From May 1st to May 6th you can reach me at 281-461-8597 after that you can
reach me at home 713-942-9571.
Thanks


---------------------- Forwarded by Jim Schwieger/HOU/ECT on 03/22/2001 02:29
PM ---------------------------

Jim Schwieger
04/07/2000 10:35 AM
To: kevin_pilkington@kne.com
cc: Brad Blevins/HOU/ECT@ECT, Gerald Nemec/HOU/ECT@ECT, Steve HPL
Schneider/HOU/ECT@ECT, Nathan L Hlavaty/HOU/ECT@ECT
Subject: Interconnect Reimbursement Language

Even though we have changed the reimbursement from 50 / 50 on both
interconnects to each entity paying 100% of one interconnect I still feel the
language requiring either party to reimburse the other if operational
circumstances constrain the physical intent of the interconnect is still
needed.  In this way both entities will be aligned in trying to insure both
the receipt and delivery interconnects function as intended.  Please let me
know if you disagree.

 Jim Schwieger


Lisa --

I don't have any funds for this.  Sorry.

Jim

-----Original Message-----
From: Jacobson, Lisa
Sent: Wednesday, September 05, 2001 11:01 AM
To: Terraso, Michael; Roberts, Dave; Robertson, Linda; Steffes, James D.
Cc: Cooney, Carolyn; Mitchell, Heather; Heather Mitchell (E-mail); Keeler, Jeff
Subject: ASE Dinner -- Enron Vice Chair Request....
Importance: High

Mike, Linda, Dave and Jim,

We received a request from the Alliance to Save Energy (www.ase.org) for Enron to be a Vice Chair of the annual dinner on October 24, 2001 in DC.

-- Enron is a member (Associate) of ASE

-- Enron has been a Vice Chair for the previous 9 years

-- The letter of invitation was sent to Ken Lay on July 3, 2001.

-- The Vice Chair level is 10 K and covers the cost of a table.

-- This year's award recipients are Gov. Pataki (R-NY) and the ESCO Industry - Enron would be eligible to receive the award as part of the industry group at the dinner.

-- Senators Bingaman and Jeffords and Rep. Boehlert are expected to give out the awards.

Invitations are going to print first thing tomorrow morning and will list the Vice Chairs to date -- but we can commit to the Vice Chair level after the print deadline and we will be recognized at the event.

-- There is also an opportunity for Enron to speak at their Associate's policy seminar on Oct. 25, Energy Secretary Abraham has been invited to be the keynote speaker at the seminar.

Please let me know if you would be willing to pay for, our contribute to, the cost of the table/Vice Chair level.

Please see the invite below.

Thanks and I apologize for the short notice.

-Lisa

-----Original Message-----
From: LCordes@ase.org [mailto:LCordes@ase.org]
Sent: Tuesday, September 04, 2001 5:46 PM
To: jacobson@enron.com
Subject: FW: Enron Vice Chair.doc
Importance: High

>
> July 3, 2001
>
>
> Dr. Kenneth L. Lay
> Chairman
> Enron
> P.O. Box 1188
> Houston, TX 77251-1188
>
> Dear Ken:
>
> On behalf of the Alliance to Save Energy, we invite you to become a Vice
> Chair of the 2001 Evening with the Stars of Energy Efficiency reception
> and dinner to be held on Wednesday, October 24, 2001 from six until ten in
> the evening in Washington, DC.  We are extremely pleased this year to
> honor:
>
> *        The Honorable George E. Pataki, Governor of the State of New York
> - Charles H. Percy Award for Public Service for the Governor's strong
> support and promotion of energy efficiency. He has personally championed
> the purchase of Energy Star products and created one of the largest public
> benefit funds for energy efficiency programs in the nation.
>
> *        The ESCo Industry - Star of Energy Efficiency Award for its
> collective success in bringing performance-based energy efficiency
> contracting to energy consumers worldwide.
>
> *	Howard S. Geller, Former Executive Director of the American Council
> for an Energy Efficient Economy - Star of Energy Efficiency Award for his
> twenty years of leadership at ACEEE.
>
> The benefits of becoming a Vice Chair include:
>
> *	A table for you and nine guests at the Awards Dinner;
> *	Invitation to our private VIP reception prior to the dinner;
> *	Participation at the following day's Energy Efficiency Policy Summit
> (details to follow); and
> *	Prominent mention of your company on programs and invitations.
>
> With energy problems and energy efficiency opportunities at the forefront
> of our nation's agenda, the Alliance deserves your support more than ever.
> It is
>
>
> unique in that it is our nation's only bipartisan, nonprofit organization
> that allows business executives to join with government, environmental and
> consumer leaders to promote energy efficiency. By becoming a Vice Chair,
> you will honor those who have made outstanding contributions to energy
> efficiency, and support the Alliance's efforts to ensure that energy
> efficiency remains a key element of our national energy strategy. A
> $10,000 contribution is required for a Vice Chair designation.
>
> This event will be a wonderful opportunity to meet members of the energy
> community.  We expect an audience of over 300, including members of
> Congress, CEOs, White House and other Bush Administration officials, as
> well as staff from federal agencies, and the press.
>
> We hope you will show your dedication and support for the Alliance's
> energy efficiency programs by joining us for this stellar evening with
> America's business and government leaders dedicated to promoting energy
> efficiency. Should you have questions, please call Leslie Cordes, Director
> of Corporate and Program Development at (202) 530-2211.
>
> Thank you for your consideration.
>
> Sincerely,
>
>
>
>
> Jeff Bingaman                                                   Dean T.
> Langford
> Chairman, Alliance to Save Energy                    Co-Chair, Alliance to
> Save Energy
> United States Senator                                       President
> OSRAM SYLVANIA Inc.
>


According to Tammy Shepperd who is very involved in space allocation for the
new building, a location for Sheri Thomas' Product Control Group remains up
in the air.  Sheri, Andy Zipper, John Cummings, and Surresh have met to
discuss space, and all agree that Sheri's group needs to be located with
their groups.  My understanding is that you have designated a certain number
of spaces for ENW on the trading floors, but that Sheri's group is not
included in that count.  Can we get together when you return to the office
next week and discuss floor space?  Thanks.  --Sally


Here it is - I didn't prepare the "Annex 1" chart but it is noted

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


You know what - I agree!!

Don't let it go to your head.

Dave
---------------------- Forwarded by David W Delainey/HOU/ECT on 06/22/2000
12:37 PM ---------------------------

John J Lavorato@ENRON
06/22/2000 11:48 AM
To: David W Delainey/HOU/ECT@ECT
cc:
Subject:

Lavorato Self Evaluation/Accomplishments

I'm just simply better than everyone else.


Cary,

Thanks for your e-mail.   Your suggestion to rephrase the second sentence of
number 6 is acceptable with one change.  Could we change "may be used" to
"shall be used" in the sentence beginning with "Each".

Finally, my attorney insists  Enron be the confirming party in Section 2.5.

Pending these changes, we are ready to finalize.

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


Carlos,

Please, forward their resumes to us and we shall set up an interview for them.

Vince

carlos ordonez <ordonez@shasta.phys.uh.edu> on 11/21/2000 09:30:08 AM
To: Stinson.Gibner@enron.com
cc: vkamins@enron.com
Subject: Re: Greetings

Dear Vincent and Stinson,

Both my students would love to come visit you guys for an informal
visit in the near future. Please let me know well ahead of time
when they can come. If possible, see to it that their parking expenses
be paid when they do come.

I'll be in touch with you all over the next months about this and
a possible postdoctoral/trainee agreement (World Lab.).

Cheers,

Carlos


THANKSGIVING IS NOVEMBER 22!  JUST A FEW DAYS AWAY!

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Or call toll free:  1-888-373-7437 (1-888-FRESHEST)

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FYI

Vince
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 01/02/2001
07:58 AM ---------------------------

"Julie" <julie@lacimagroup.com> on 12/31/2000 06:35:22 AM
Please respond to "Julie" <julie@lacimagroup.com>
To: "VinceJKaminski" <Vince.J.Kaminski@enron.com>
cc:
Subject: book order

Vince,?Thanks for the book order and yes, you will get a discount.? I'll be
back in touch after the New Year.?Thanks,Julie?PS - there was glitch with the
book right before Christmas, so there will  be a slight delay with shipments
(should be no more than 2  weeks).


The meeting will be held in EB5001.


In an effort to protect Enron's e-mail system from harmful viruses, the
Global Messaging Team has implemented an inbound and outbound cluster of
MAILSweeper servers. What does that mean to you, the user? All inbound and
outbound Internet mail is passed through a set of servers that will scan each
message for viruses, malicious code, business related-content and
inappropriate content. Inbound Internet mail that contains the following
attachment types will be quarantined (held for delivery): *.vbs, *.exe,
*.com, *.bat, *.cmd. If you are the intended recipient of one of these
e-mails, you will receive an automatic notification with instructions on how
to get your legitimate e-mail released from quarantine.

We have taken these measures to protect our e-mail environment from harmful
e-mail viruses. We believe that these protections will result in less down
time for your e-mail, in the event that Enron gets hit with a virus or
malicious code.


CALENDAR ENTRY:	APPOINTMENT

Description:
	Interview Paul Nguyen

Date:		8/1/2000
Time:		2:00 PM - 3:00 PM (Central Standard Time)

Chairperson:	Outlook Migration Team

Detailed Description:


Rod:

Looking for an analyst to do research; starting with the NewPower deal.  I
have access to Sebastian, but he is an associate and I am trying to use him
in more of a deal making role, per your earlier instruction.

Shashi


Asst: Barbara Hooks x55100


Today I'm leaving by 5. Usually by 5:30-6. Et vous?


GADSDEN RESEARCH  SERVICES'

FERCw  [IMAGE]tch?
?Issued?March  19,?2001
?
Gadsden Research Services is  pleased to announce the return of its periodic
report of FERC filings and  issuances, now known as FERCwatch.? During the
coming weeks, we will  be making additional changes to make the report more
interactive, including  links for reported items?to the FERC, RIMSweb,?CIPS
and other websites  (when available).? We will keep you  posted.?
?

ELECTRIC?/  HYDRO?Report:
?

PJM Interconnection,  L.L.C. and the Allegheny Power System operating
companies, ER01-1561-000,  EC01-81-000?(03/15/01) -- Section 203 application
to establish PJM  as the Regional Transmission Organization for Allegheny to
be known as "PJM  West".? Allegheny will transfer functional control of its
transmission  facilities to PJM effective January 1, 2002.
[DOCUMENT?LINK?TO FERC  NOT AVAILABLE]
REQUEST A COPY:  ?grs4ferc@starpower.net.
?
>?

_________________________________________________________
______________________________
?
NATURAL GAS /  OIL?Report:
?

Kern River Gas  Transmission Company, CP01-106-000?(03/15/01) -- Application
for  certificate authority to construct and operate emergency facilities to
provide  135,000 Mcf per day of limited-term transportation capacity from
Wyoming to  California to help meet need for additional energy in  California.
VIEW  DOCUMENT
REQUEST A COPY: ?grs4ferc@starpower.net.
________________________________________

?
[To request a copy of any of the  above listed? filings, please call
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to?grs4ferc@starpower.net)]
??????????????????????????????????????????????????????????????????????????????
??????????????????????????????????????????????????????????????????????????????
?????????????????????????????????
?
GRS' FERCwatch e-mail notification is a free courtesy service of Gadsden
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Periodically  (generally once or twice weekly), GRS will broadcast FERCwatch
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