<http://www.rigzone.com/images/spacer.gif>
	Monday
March 11, 2002	 <http://www.sgievent.com/upstream/>
  <http://www.rigzone.com/images/spacer.gif>
  <http://www.rigzone.com/images/spacer.gif>
  <http://www.rigzone.com/images/spacer.gif>	 RIGZONE <http://www.rigzone.com/images/email/top_Rigzone.jpg>	  <http://www.rigzone.com/images/email/top_Curve.gif>	  <http://www.rigzone.com/images/spacer.gif>	  <http://www.rigzone.com/images/email/top_DailyNews.gif>
  <http://www.rigzone.com/images/spacer.gif>
  <http://www.rigzone.com/images/spacer.gif>	home <http://www.rigzone.com/default.asp> | news <http://www.rigzone.com/news/> | search <http://www.rigzone.com/search/> | maps <http://www.rigzone.com/maps/> | data <http://www.rigzone.com/data/> | jobs <http://www.rigzone.com/jobs/> | market <http://www.rigzone.com/market/> | store <http://www.rigzone.com/store/> 	  <http://www.rigzone.com/images/spacer.gif>
  <http://www.rigzone.com/images/spacer.gif>
  <http://www.rigzone.com/images/spacer.gif>	  <http://www.rigzone.com/images/spacer.gif>
  <http://www.rigzone.com/images/spacer.gif>	In This Issue	  <http://www.rigzone.com/images/email/title_Corner.gif>
  <http://www.rigzone.com/images/spacer.gif>	  <http://www.rigzone.com/images/spacer.gif>	  <http://www.rigzone.com/images/spacer.gif>

Current Oil and Gas Industry News
T! op Stories for the Past 7 Days
Featured Events and Conferences
What's in Store - Books & More

Featured Employment Opportunities
Surplus Oilfield Equipment For Sale
Worldwide Offshore Rig Utilization
Oil & Gas Prices

  <http://www.rigzone.com/images/spacer.gif>

Industry Headlines	  <http://www.rigzone.com/images/email/title_Corner.gif>
	  <http://www.rigzone.com/images/spacer.gif>	  <http://www.rigzone.com/images/spacer.gif>
PDVSA Employees Hold Four-Hour Work Stoppage on Friday <http://www.rigzone.com/news/article.asp?a_id=2798>
Executives, managers and administrative personnel at PDVSA are striking for four hours on Friday.

Mexico Stands By Production Cut Agreement <http://www.rigzone.com/news/article.asp?a_id=2795>
Mexico's energy ministry said it would continue its 100,000-barrel-per-day crude export cuts until June.

  <http://www.rigzone.com/images/spacer.gif>

Mobile MapWorks Plus

Logica announces the release of its map-based field solutions offering, Mobile MapWorks Plus. This map-based field solution suite provides an innovative approach to mobile computing that addresses the many field requirements of energy and utility companies. For more information click here <http://www.rigzone.com/news/article.asp?a_id=2738>.

Exploration	  <http://www.rigzone.com/images/email/title_Corner.gif>
  <http://www.rigzone.com/images/spacer.gif>	  <http://www.rigzone.com/images/spacer.gif>	  <http://www.rigzone.com/images/spacer.gif>
Indian Government Could Decide Operatorship Dispute <http://www.rigzone.com/news/article.asp?a_id=2801>
India's Minister for Petroleum and Natural Gas will facilitate an agreement between ONGC and BG Gro! up if talks between the companies fail to decide who will be operator of the Panna-Mukta and Tapti offshore fields.

HyperDynamics Inks Seismic Deal for Offshore Republic of Guinea  <http://www.rigzone.com/news/article.asp?a_id=2800>
SCS Corporation has entered an agreement with U.S. Oil Corporation to obtain exclusive rights to explore and market the results for the offshore area of the Republic of Guinea, West Africa.

Trinidad & Tobago Government Wants to Increase Royalties <http://www.rigzone.com/news/article.asp?a_id=2799>
The Trinidad and Tobago government wants to renegotiate an increase in gas royalties with BP which would dramatically increase state revenues.

  <http://www.rigzone.com/images/spacer.gif>

Production	  <http://www.rigzone.com/images/email/title_Corner.gif>
  <http://www.rigzone.com/images/spacer.gif>	  <http://www.rigzone.com/images/spacer.gif>	  <http://www.rigzone.com/images/spacer.gif>
Gas Sales Begin from Ladyfern <http://www.rigzone.com/news/article.asp?a_id=2797>
Canadian Natural Resources Li! mited announces that the construction and commissioning of the Ladyfern Sales natural gas pipeline has been completed.

  <http://www.rigzone.com/images/spacer.gif>

Company & Financial News	  <http://www.rigzone.com/images/email/title_Corner.gif>
  <http://www.rigzone.com/images/spacer.gif>	  <http://www.rigzone.com/images/spacer.gif>	  <http://www.rigzone.com/images/spacer.gif>
Noble Affiliates Elects New Board Member <http://www.rigzone.com/news/article.asp?a_id=2802>
The Board of Directors of Noble Affiliates, Inc. announced the election of Bruce A. Smith to its board.

  <http://www.rigzone.com/images/spacer.gif>

Resume of Marc Babineaux

Mr. Marc Babineaux is available for assignment as a full-time, perm! anent employee or on a contract basis. Mr. Babineaux is a deepwater driling consultant with 20 years experience. He has most recently worked in the Gulf of Mexico on exploration projects in 3,500 to 7,700 feet of water. Click here <http://www.rigzone.com/jobs/resume.asp?r_id=10548> to view a complete copy of his resume or call 1-337-367-1100 to arrange for an interview.

Last 7 Days Top Stories	  <http://www.rigzone.com/images/email/title_Corner.gif>
  <http://www.rigzone.com/images/spac! er.gif>	  <http://www.rigzone.com/images/spacer.gif>	  <http://www.rigzone.com/images/spacer.gif>
Parker Drilling Awarded Sakhalin Drilling Project <http://www.rigzone.com/news/article.asp?a_id=2785>
Parker Drilling Company has been awarded new contracts to build and operate a rig to drill extended reach wells to offshore targets from a land-based location on Sakhalin Island, Russia.

Halliburton Performs First Downhole Well Testing Using ATS <http://www.rigzone.com/news/article.asp?a_id=2752>
Halliburton Energy Services has performed its first data acquisition project using the Acoustic Telemetry ! System (ATS(TM)) for Gaz de France, off the coast of the Netherlands.

Weatherford and Shell Accelerate Expandable Technology Development <http://www.rigzone.com/news/article.asp?a_id=2759>
Weatherford's Completion Systems division has obtained a worldwide license to Shell's expandable technology.

TotalFina Elf Shuts In Wells Due to Gas Blowout <http://www.rigzone.com/news/article.asp?a_id=2757>
TotalFinaElf has begun efforts to stop the flow of natural gas and regain control of a well which erupted Friday afternoon during drilling operations in East Kalimantan.

Technip Wins Saudi Expansion Project <http://www.rigzone.com/news/article.asp?a_id=2764>
Technip-Coflexip has been awarded, by Saudi Arabian Oil Company, a major lump sum turnkey contract for the expansion of the Berri gas plant.

Talisman Hits Offshore Trinidad <http://www.rigzone.com/news/article.asp?a_id=2786>
Talisman En! ergy Inc. has announced its Kairi-2 appraisal well in Trinidad has tested oil.

PDVSA Employees Increase Protests <http://www.rigzone.com/news/article.asp?a_id=2793>
Dissident employees of PDVSA decided to intensify their campaign in protest of recnet senior management changes.

ONGC is Looking for Deepwater Partners <http://www.rigzone.com/news/article.asp?a_id=2766>
ONGC is actively searching for joint venture partners to develop deepwater exploration blocks offshore India's east and west coasts.

FMC Awarded $16 Million Brazilian Subsea Contract <http://www.rigzone.com/news/article.asp?a_id=2756>
FMC Energy Systems business has been awarded contracts valued at $16 million to supply subsea production solutions for Petrobras and Halliburton KBR offshore Brazil.

PanCandian Files Deep Panuke Regulatory Applications <http://www.rigzone.com/news/article.asp?a_id=2749>
PanCanadian Energ! y filed regulatory applications for development of the Deep Panuke natural gas project offshore Nova Scotia.

ExxonMobil Exits Turkmenistan <http://www.rigzone.com/news/article.asp?a_id=2750>
ExxonMobil Corp. will shut down its operations in Turkmenistan after disappointing test wells.

UK Gets Tough On Oil Companies <http://www.rigzone.com/news/article.asp?a_id=2769>
The United Kingdom set tough new investment rules for North Sea licenses this week.

  <http://www.rigzone.com/images/spacer.gif>

The SGI Energy Summit 2002 - Visualizing the Future
 <http://www.sgievent.com/upstream/> Hear what leaders of top corporations, crucial software providers, and key policy makers have to say about the impact of advanced technology on the future of our industry. This summit promises to fish for all the critical answers to this industry's future success. To learn more, click here! <http://www.sgievent.com/upstream/>

Upcoming Oil & Gas Industry Events	  <http://www.rigzone.com/images/email/title_Corner.gif>
  <http://www.rigzone.com/images/spacer.gif>	  <http://www.rigzone.com/images/spacer.gif>	  <http:! //www.rigzone.com/images/spacer.gif>
Mar. 10 	AAPG Annual Meeting <http://www.rigzone.com/news/event_detail.asp?event_id=21>	Houston
Mar. 17 	Oil Field Chemistry Symposium - 13th International <http://www.rigzone.com/news/event_detail.asp?event_id=224>	Geilo
Mar. 20 	LNG North America <http://www.rigzone.com/news/event_detail.asp?event_id=201>	Houston
Apr. 2 	e-Business in the E&P Industry - Targeting the Value <http://www.rigzone.com/news/event_detail.asp?event_id=228>Houston
Apr. 7 	CORROSION/2002 <http://www.rigzone.com/news/event_detail.asp?event_id=254>	Denver
Apr. 9 	2002 SPE/ICoTA Coiled Tubing Conference and Exhibition <http://www.rigzone.com/news/event_detail.asp?event_id=41>	Houston
May. 1 	Nigeria Oil & Gas 2002 <http://www.rigzone.com/news/event_detail.asp?event_id=256>	London
May. 6 	Offshore Technology Conference 2002 <http://www.rigzone.com/news/event_detail.asp?event_id=31>	Houston
May. 21 	Oil and Gas in the Gulf of Guinea <http://www.rigzone.com/news/event_detail.asp?event_id=263>	London
Jun. 23 	Ocean Mechanics and Arctic Engineering 2002 <http://www.rigzone.com/news/event_detail.asp?event_id=219>	Oslo
list your co! nference <http://www.rigzone.com/news/post_event.asp?action=INSERT>	view upcoming events <http://www.rigzone.com/news/event_home.asp>
  <http://www.rigzone.com/images/spacer.gif>

  <http://www.rigzone.com/images/spacer.gif>	  <http://www.rigzone.com/images/email/title_tab_SponsoredBy.gif>
  <http://www.rigzone.com/images/spacer.gif>	Click here to go to Baker Hughes <http://www.bakerhughes.com/>
AADE <http://www.aadehouston.net/>
INTEC <http://www.intecengineering.com>
HoverDril <http://www.hoverdril.com>
  <http://www.rigzone.com/images/spacer.gif>
  <http://www.rigzone.com/images/spacer.gif>
promote your company <http://www.rigzone.com/advertise/>

  <http://www.rigzone.com/images/email/title_tab_InStore.gif>
  <http://www.rigzone.com/images/spacer.gif>	 <http://www.rigzone.com/store/product.asp?p_id=109>
Power Play: Who's In Control of the Energy Revolution <http://www.rigzone.com/store/product.asp?p_id=109>
  <http://www.rigzone.com/images/spacer.gif>
 <http://www.rigzone.com/store/product.asp?p_id=272>
Ship Construction Sketches and Notes 2nd Ed. <http://www.rigzone.com/store/product.asp?p_id=272>
  <http://www.rigzone.com/images/spacer.gif>
 <http://www.rigzone.com/store/product.asp?p_id=408>
Primer of Oilwell Service, Workover, and Completion <http://www.rigzone.com/store/product.asp?p_id=408>
  <http://www.rigzone.com/images/spacer.gif>
  <http://www.rigzone.com/images/spacer.gif>
  <http://www.rigzone.com/images/spacer.gif>
more products <http://www.rigzone.com/store/>

 <http://www.iotcnet.org/>

  <http://www.rigzone.com/images/email/title_tab_RZMarket.gif>
  <http://www.rigzone.com/images/spacer.gif>	featured equipment:
National 110 M <http://www.rigzone.com/market/surplus_listing.asp?eq_id=432>
 <http://www.rigzone.com/market/surplus_listing.asp?eq_id=432>

Ambar Marine 26' Fast Rescue Boats <http://www.rigzone.com/market/surplus_listing.asp?eq_id=419>
 <http://www.rigzone.com/market/surplus_listing.asp?eq_id=419>
  <http://www.rigzone.com/images/spacer.gif>
  <http://www.rigzone.com/images/spacer.gif>
more equipment <http://www.rigzone.com/market/>

  <http://www.rigzone.com/images/email/title_tab_RZCareerCenter.gif>
  <http://www.rigzone.com/images/spacer.gif>	featured jobs:
-	Site representative / Quality Assurance <http://www.rigzone.com/jobs/job_posting.asp?p_id=1091>
-	Seismic Processing Specialist <http://www.rigzone.com/jobs/job_posting.asp?p_id=1095>
-	Senior Contracts Administrator <http://www.rigzone.com/jobs/job_posting.asp?p_id=706>
more hot jobs >> <http://www.rigzone.com/jobs/hot_jobs.asp>
featured candidates:
-	Commissioning & Project Managment <http://www.rigzone.com/jobs/resume.asp?r_id=11312>
-	Experienced and Pro-active Safety Professional <http://www.rigzone.com/jobs/resume.asp?r_id=11306>
-	Deepwater Driller- Team Player Domestic - overseas <http://www.rigzone.com/jobs/resume.asp?r_id=11321>
search for candidates >> <http://www.rigzone.com/jobs/search_resume.asp>
  <http://www.rigzone.com/images/spacer.gif>
  <http://www.rigzone.com/images/spacer.gif>

  <http://www.rigzone.com/images/email/title_tab_RigUtil.gif>
  <http://www.rigzone.com/images/spacer.gif>	Drillships:
To 5000': 	! 57.1%	(8/14)
+5000': 	96.0%	(24/25)
Semisubs:
2nd Gen: 	69.4%	(50/72)
3rd Gen: 	82.0%	(41/50)
4th Gen: 	94.7%	(36/38)
5th Gen: 	85.7%	(6/7)
Jackups:
To 200': 	56.1%	(37/66)
200' MC: 	41.7%	(10/24)
200' MS: 	14.3%	(3/21)
300' IC: 	89.6%	(86/96)
+300' IC: 	94.4%	(51/54)
Severe Env.: 	85.7%	(18/21)
  <http://www.rigzone.com/images/spacer.gif>
  <http://www.rigzone.com/images/spacer.gif>
view complete utilization report <http://www.rigzone.com/data/utilization_! trends.asp>

  <http://www.rigzone.com/images/email/title_tab_OilPrices.gif>
  <http://www.rigzone.com/images/spacer.gif>	Light Crude Oil: 	$23.84/BBL
(0.46%)
Brent Crude Oil: 	$23.33/BBL
(0.13%)
Natural Gas: 	$2.80/MMBtu
(0.00%)
Unleaded Gasoline: 	$0.77/gal
(1.32%)
prices from: 	3/8/2002
change since: 	3/7/2002
  <http://www.rigzone.com/images/spacer.gif>
  <http://www.rigzone.com/images/spacer.gif>

  <http://www.rigzone.com/images/spacer.gif>
  <http://www.rigzone.com/images/spacer.gif>
  <http://www.rigzone.com/images/spacer.gif>
Promotional Opportunities
Become a Sponsor, feature your job opening or, advertise your upcoming industry conference. Click here <http://www.rigzone.com/advertise/> for more information, send your press release to info@rigzone.com <mailto:info@rigzone.com> or call us at 281-345-4040.

Member Services
If you no longer wish to receive this newsletter, you may unsubscribe by clicking here <http://www.rigzone.com/daily_unsubscribe.asp> or by logging in to Rigzone and updating your profile. You can also change the format you receive (HTML or Text) and your email address by logging in and updating your account. Click here to log in <http://www.rigzone.com/login.asp?returnURL=/member_register.asp>.
  <http://www.rigzone.com/images/spacer.gif>


I am forwarding some Wall Street comments from Kathryn Corbally related to
the Transmission buyout.

Looks like they view it as very favorable - not a major hit against EPS tied
to full recovery of remaining undercollection.

Not sure yet if they incorporate the going forward - maybe SCE doesn't want
any merchant obligations?

Jim

----- Forwarded by James D Steffes/NA/Enron on 02/27/2001 08:18 AM -----

	Kathryn Corbally
	02/26/2001 04:47 PM

		 To: James D Steffes/NA/Enron@Enron
		 cc:
		 Subject: CaliforniA

Jim, Have sent you three notes that show some level of support to activity in
California
- its probably a little bias since there are a few reports out there that say
quote the 'devil is in the details' and quote
'the odds of bankruptcty remain in the 50% range.'

Note1
09:42am EST 26-Feb-01 ABN AMRO Inc. (Ford,Daniel F. 212/258-1548) CPN DYN EIX
One Down Two to Go

One Down Two to Go
ABN AMRO -- Research Notes
Subject: Power
Companies Mentioned: CPN, DYN#, EIX, PCG, SRE

Analyst:  Daniel F. Ford, CFA  212/258-1548
          Po Cheng, CFA  212/258-1709
==============================================================================
=
Date:     February 26, 2001
------------------------------------------------------------------------------
-
Highlights:
-  On Friday (2/23), Governor Davis triumphantly announced that the State of
   California and Edison International had reached an agreement in principle
   for the sale of its electric transmission system as part of a financial
   recovery package. He also commented that "good progress" was made with
   Sempra Energy and "some progress" with PG&E Corp.
-  The preliminary terms of the agreement call for the State to buy Edison's
   transmission system for approximately $2.76 billion (2.3x estimated book
   value) and allow for the securitization of "a substantial portion of its
   undercollection".
-  In exchange, Edison would: 1) make payments of approximately $420 million
   to its utility subsidiary, Southern California Edison; 2) commit the
entire
   output of an Edison Mission project at cost-based rates for 10 years; 3)
   provide cost-based rates from native generation for another 10 years; 4)
   give conservation easements on 20,000 acreas of watershed lands for 99
   years; and 5) drop a pending lawsuit against the California Public
   Utilities Commission.
-  We view this agreement as a positive development. Based on the 2.3x
   purchase price, the EPS hit from the loss of the transmission lines would
   be approximately $0.10 lower than our worst case estimate (at 1.5x) of
   $1.90 . The agreement, however, is not final and additional details need
to
   be worked out before being submitted to the legislature.
-  Events to watch over the next couple of weeks include: 1) a definitive
   agreement with Edison; 2) deals with PG&E Corp. and Sempra Energy; 3) a
   package that the legislature can accept (which could include concessions
   from generators); and 4) terms that are acceptable by the FERC.
-  In our opinion, the proposed deal is reasonable for EIX shareholders and
   renews the hope for a resolution to the crisis. While our optimism is
   tempered by the shortening timeframe, we are encouraged by the governor's
   recent statements, which have been more positive than negative. As such,
we
   maintain our Buy ratings on Edison International and PG&E Corp as well as
   on the generation companies: Calpine and Dynegy.

Other News:
In other related news, on Friday (2/23) Edison announced that all of its banks
have agreed to extend their forbearance until March 14.

Note 2

05:16pm EST 26-Feb-01 Goldman Sachs (NEWYORK) EIX PCG ACTION
EIX agrees to deal in principle with Gov Davis.PCG still negotiating.Buy
EIX...

                 Goldman, Sachs & Co. Investment Research

EIX agrees to deal in principle with Gov Davis.PCG still negotiating.Buy EI

*  On February 23, EIX and Governor Davis reached an agreement in principal
   in which the state would agree to buy the transmission grid and allow
   for recovery of a 'substantial portion' of unrecovered cost in return
   for EIX refunding money from its parent to the utility and dropping
   pending litigation.  This settlement appears to be a  reasonable 'shared
   pain' scenario and is consistent with the 'buyout vs. bailout'
   structure we have been anticipating. To be enacted the deal needs to be
   finalized and approved by the EIX board and the California Legislature.
   FERC also must approve the asset sale.
*  EIX agreed to sell a portion of its electric transmission system to the
   state of California for $2.76 billion and transfer $420 million cash to
   its utility subsidiary from the parent.  In return, the state would
   allow EIX to recover a substantial portion of its under-collected power
   costs and drop pending litigation in which the company is pursuing rate
   hikes.  If approved by the EIX board and California legislature this
   agreement, in concert with passage of ABX1-1, would eliminate the
   overhang that has depressed EIX shares.
*  Although dependent on several factors, we believe the net impact on
   earnings from the settlement will not be as high as the current EIX
   stock price implies.  We believe post-settlement EPS in 2002 will likely
   total at least $2.00/share, which supports a conservative valuation of
   $20 share (10X '02 EPS, a 20% valuation discount to the peer group).
*  Also late last week, PCG issued a press release indicating they had met
   with the Governor, had submitted proposals, and discussions were
   ongoing.  With the framework already established for EIX, we expect a
   PCG settlement could be announced in the near future. PCG's negotiating
   flexibility is limited relative to EIX because their generation rates
   are lower, their under-recovered balance is higher, and the potential
   cash 'refund' from parent to subsidiary being requested by the
   government is probably larger.
*  PCG's transmission system has a book value of roughly $1.5 billion.  At
   2.3X book value, these assets could potentially be worth $3.5 billion.
   Assuming a parent company to utility cash transfer proportional to the
   one proposed for EIX, we estimate PCG would refund $780 million. PCG's
   stock price also reflects an earnings impact more punitive than implied
   by a settlement of this nature. We believe a deal like this would
   support post-settlement EPS of at least $2.50/share which supports a
   conservative valuation of $25/share (10X '02 eps, a 20% valuation
   discount to the peer group).
*  Because EIX has a 'deal in principle' the stock is trading at a premium
   to PCG despite having lower potential 2002 earnings power. Those
   investors who believe PCG will strike a deal that is similar in
   structure and proportional to EIX's settlement should purchase PCG over
   EIX at this juncture.

NOTE 3

09:17am EST 26-Feb-01 Merrill Lynch (S.Fleishman (1) 212 449-0926) EIX PCG
UTILITIES-ELECTRIC:California: One Goes Forward, But Need All Three

    ML++ML++ML     Merrill Lynch Global Securities Research     ML++ML++ML
                             UTILITIES - ELECTRIC
                California: One Goes Forward, But Need All Three
                      Steven I. Fleishman (1) 212 449-0926
Reason for Report:  Governor reaches preliminary agreement with Edison; PG&E
up
in the air; Need all 3 utilities to move forward

Investment Highlights:
o    On Friday, Governor Davis announced a preliminary agreement with Edison
International (EIX; D-2-2-9; $14.69) on a financial resuscitation plan.  The
plan follows the basic framework previously outlined by the Governor.

o    The state will purchase Edison's transmission assets for $2.76B, or 2.3x
book value.  This would help pay off some of Edison's net $4.1B of
undercollections (a number agreed upon with the Gov.)  The remainder will be
recovered through a bond financing tied to a dedicated rate component to be
carved-out of Edison's rates.

o    In exchange, Edison will agree to: 1) Drop the lawsuit against the PUC,
2)
Invest $420M back into the utility from the parent, representing tax
overcollections , and 3) Sell power from its hydro and nuclear assets at cost-
based rates for the next 10 years.  Edison also agreed to sell power from its
unregulated Sunrise plant, currently under construction, at cost-based rates
for 10 years.

o    A number of uncertainties remain in Edison's deal, and it is still
preliminary.  The exact terms and language will be very important,
particularly
given the need to issue securitization bonds.  It is impossible to provide
exact earnings guidance based on this deal, but the only loss of earnings
power
would appear to come from lost transmission earnings (-$0.20-$0.25/share) and
potentially lower generation earnings depending on the terms of cost-based
rates.

o    This is a significant step forward for Edison and the resolution of the
CA
power credit crisis.  However, it could be for naught if the other utilities
cannot work out deals.  We believe Sempra Energy (SRE; B-2-1-7; $22.10) is
relatively close, but PG&E's (PCG; D-2-2-9, $13.70) talks were flailing last
week.  We continue to see little chance that this plan can move forward and
pass through the legislature unless all the utilities are on board.

o    We believe PG&E is willing to work a deal within this framework.
However,
the simple problem is that PCG's undercollection numbers are much bigger.  At
YE 2000, PCG's net undercollection was more than $5B and we believe this may
have reached $7B by the end of January.  Selling the transmission for 2.3x
book
would provide only $3.5B, leaving the other half to be recovered though the
dedicated rate component/securitization.  It may be that the only way the
numbers can work is with a rate increase.

Despite the significant hurdles that remain, we believe the momentum toward a
constructive outcome is improving.  To that end, we maintain our Accumulate
ratings on EIX and PCG for high rate accounts.


In previous all-party meetings Kern has stated its position on key
issues in the Gas OIR. Its position has also been stated in a "positions"
matrix, which was distributed to all parties. At the October 6th meeting
Kern would like to make a short (10 minute) presentation of its current
position with respect to the Interm Proposal put forth by SoCalGas as well
as long-term structural issues. A brief hand-out will be provided at the
meeting.

 Mike Harris
 Navigant/Reed Consulting on behalf of Kern River Gas Transmission


thursday or friday works best for me.

	Scott Bolton @ ENRON COMMUNICATIONS
	08/29/2000 10:19 AM

To: Susan M Landwehr/HOU/EES@EES@ENRON
cc: Donald Lassere/HOU/EES@EES@ENRON, Jeff Dasovich/SFO/EES@EES@ENRON, Lara
Leibman/HOU/EES@EES@ENRON, Marchris Robinson/HOU/EES@EES@ENRON, Richard
Shapiro/HOU/EES@EES@ENRON, Steve Montovano/DUB/EES@EES@ENRON, Sue
Nord/HOU/EES@EES@ENRON
Subject: Re: IXC vs. CLEC

Good points.  Since Lara is on vacation this week, and Xi Xi is in Asia,
let's try to put a call together next week sometime.  Please email Tracy your
schedules or preferred times.  Thanks.

	Susan M Landwehr@EES
	08/28/00 09:22 PM

		 To: Lara Leibman/HOU/EES@EES
		 cc: Sue Nord/HOU/EES@EES, Donald Lassere/HOU/EES@EES, Scott Bolton/Enron
Communications@Enron Communications, Richard Shapiro/HOU/EES@EES, Marchris
Robinson/HOU/EES@EES, Steve Montovano/DUB/EES@EES, Jeff Dasovich/SFO/EES@EES
		 Subject: Re: IXC vs. CLEC

Lara--I reviewed this report as well as the memo that Illinois counsel
prepared for you.  A number of questions/concerns come to mind.  I briefly
discussed these concerns with Sue Nord late last week, but wanted to put them
before the group for possible discussion on our next conference call.

When I read the memo from Stamos (Illinois counsel), it appeared to me that
the categories of requirements might be able to be divided into "regulatory"
responsibilities vs "commercial" requirements.  In the regulatory column
would be things like the annual designation of an agent and the annual
identification of the CEO.  Also, the certificate itself needs to be renewed
every 2 years (FYI--I don't think I saw that requirement in the chart)  Other
items such as participation in the One Call Notice System and the tax
contributions might fall into the commercial category.

These requirements not only need to be kept track of and adherred to, but
there is also the consideration of what the resource costs are associated
with them for both the IXC certifcations and the CLEC certifications.  And
are there penalties in place if we don't comply?

Scott/Donald/Sue--can we discuss next call?

   Lara Leibman                08/23/2000 01:42 PM

To: Sue Nord/HOU/EES@EES, Donald Lassere/HOU/EES@EES, Scott Bolton/Enron
Communications@Enron Communications
cc: Richard Shapiro/HOU/EES@EES, Marchris Robinson/HOU/EES@EES, Steve
Montovano/DUB/EES@EES, Susan M Landwehr/HOU/EES@EES, Jeff
Dasovich/SFO/EES@EES
Subject: IXC vs. CLEC

Attached please find a chart that summarizes the differences between IXC and
CLEC obligations for Texas, New York and Illinois.  This project was meant to
incorporate California and Florida; however, I have not yet received any
information from our counsel in CA and I only received the pertinent
information from our counsel in Florida late last night and this morning.  I
apologize that I was not able to include any information from those states.
I will incorporate their information when I return from vacation.

I have asked Gloria to provide some of you with copies of the material that I
received from Florida  to utilize in my absence (e.g., Sue, Donald, Scott).
You should already have the material from TX, IL and NY.

Please let me know if anyone has any questions or concerns.  Thank you.

Regards,

Lara


I can cook.

Brian Hoskins@ENRON COMMUNICATIONS
11/13/2000 02:41 PM
To: Eric Bass/HOU/ECT@ECT, Shanna Husser/HOU/EES@EES, Hector
Campos/HOU/ECT@ECT, Lenine Jeganathan/HOU/ECT@ECT
cc:
Subject: Thanksgiving dinner

Do you guys want to keep the tradition and organize a Thanksgiving dinner
this Sunday?

Brian T. Hoskins
Enron Broadband Services
713-853-0380 (office)
713-412-3667 (mobile)
713-646-5745 (fax)
Brian_Hoskins@enron.net


LTC Dowling,
I will do everything I can to get you to Houston, for selfish reasons.  I
know if you move here, there is a good chance my Dad will follow you.  Thanks
for the info and if you see a position on the website that I miss, just let
me know and I will get your resume down there.  Have a good weekend.
Phillip


John Lavorato,

Please note that from the European Natural Gas Commodity Group, I have not
received a signed Certificate of Compliance from the following:

Brian Hoskins
Tricia Talpek
Judy Townsend
Brad McKay
Kate Frasier
Robin Barbe
Sarah Mulholland
Sandra Brawner
Patrice Mims-Thurston
Tom Donohoe
Fletch Sturn
Geoff Storey
Kevin Ruscitti
Martin Cuilla
Joe Parks
Jim Schwieger
Carey Metz
Elsa Villarreal
Craig Falbaum
Steve South
Frank Ermis
Keith Holst
John Craig Taylor
Robyn Menear

Please print and sign the attached Enron Corp. Risk Management Policy
Certificate of Compliance and fax directly to Veronica Valdez, fax # 713 646
2194. Due to certain regulatory audits of our trading businesses, we would
like to receive these by the end of this week.

Attached is a copy of the Certificate of Compliance, and the Enron Corp. Risk
Management Policy.

If you have any questions, please call me at (713) 853-0429, or Veronica
Valdez at (713) 853-1881.

Regards,
Cassandra Schultz
Market Risk Management


Is the unit down temporarily?  Expected return?
MRF

-----Original Message-----
From: Peter Arellano [mailto:PARELLAN@co.riverside.ca.us]
Sent: Thursday, May 02, 2002 11:25 AM
To: Gang, Lisa; Frazier, Michael; Ring, Richard
Cc: Hans Kernkamp; Mark Hunt
Subject: schedule for 5/5, 5/6

see attached


We have secured a phone bridge to listen to the special FERC meeting being
held on Friday, Dec. 15th.

I have reserved the Cascade Conference Room for the call.

Please call me Thursday if you have any questions, or see Mary Hain today.

Thank you.

Lysa
x7927


Changes in Enron's business require us to reevaluate how we approach the
engineering and construction function within Enron.  Specifically,  Enron
Energy Services' (EES) business has grown dramatically and that requires
considerable additional engineering and construction resources both to
develop solutions for customers and to deliver those solutions to customers.
Additionally, in light of Enron's continued emphasis on increasing our return
on invested capital, we have been engaged in fewer large scale construction
projects around the world.  Historically, these projects have been a primary
focus of EECC's activities.  Consequently we are making the following
organizational changes concerning EECC:

EECC's pipeline construction group, led by Jerry Martin, will become part of
Enron Transportation Services.
NEPCO will continue to operate as a stand alone entity focused on power plant
construction services to Enron entities and third parties.
The remainder of EECC will become part of EES.  Larry Izzo will report to the
EES Office of the Chairman.

 These changes will better align our intellectual capital with the growth
opportunities within Enron and provide new and exciting opportunities for our
employees.  Please join us in supporting and implementing these changes.


Dick, you need to agree with Max on the scope to be provided by the OE - I
expect high quality service for the money we are paying.  The deal on Friday
is completely dependent on a pre-arranged scope and a minimum quality of
service.  I expect high quality EE&CC  people to be proactively managing cost
and exposure and to be there for the whole process - no pulls to other
business lines.  If Max or Virgo are not happy I am not happy.

I make money you make money.

Thanks for your cooperation.

Regards
Delainey
---------------------- Forwarded by David W Delainey/HOU/ECT on 08/21/2000
10:16 AM ---------------------------

	Enron de Mexico

	From:  Max Yzaguirre @ ENRON                           08/21/2000 09:40 AM

To: David W Delainey/HOU/ECT@ECT
cc:
Subject: Memo on Vitro Project

Dave:

FYI, I got this from Dick.  Just want to confirm that it's consistent with
your recollection.

Best regards - Max

---------------------- Forwarded by Max Yzaguirre/NA/Enron on 08/21/2000
09:40 AM ---------------------------

	Dick Westfahl @ ENRON_DEVELOPMENT
	08/21/2000 09:02 AM

To: Max Yzaguirre/NA/Enron@ENRON
cc:
Subject: Memo on Vitro Project

Max:

See attached memo on the above referenced project.

Dick


I haven't had a chance to study this yet, but I'd like you guys to take a
hard look at it and lets meet on Mon or Tues.  I'll  be in Houston ( I
think).  Martha pls set up a meeting with these guys and I'll talk to you
about when I'm going down.  df

Mark Knippa@ECT
02/05/2001 05:28 PM
To: Drew Fossum/ET&S/Enron@ENRON
cc: Susan Scott/ET&S/Enron@ENRON, Gerald Nemec/HOU/ECT@ECT, James
Centilli/ET&S/Enron@ENRON, Kevin Hyatt/ET&S/Enron@Enron

Subject: Gallup Station - Demand Rebate

Hey Drew,

Sorry that we did not get to meet last week when you were in town.  I have
pulled up some information on the project performance and wanted to share
with the group.  I was very concerned by the comment that the project was on
a rate to cost TW an additional $1.0 million for the year because the demand
avoidance program was not in place.  I do want to confirm that Arnold
Eisenstein at ET&S working on the development of the programming to support
TW's efforts to minimize demand expenses.  It was my understanding during the
development of this project, that TW was targeting a 75% avoidance for an
annual basis.   I offer the following details regarding the actual operation
of the station in 2000.

Peak load for 12,000 hp = 9,621 kw x 3 = 28,864.0 kw per Quarter

Actual Utilization
   3rd Quarter 2000      % of Max  4th Quarter 2000  % of Max
 kw - generation   22,684.8      78.6   17,779       61.6
 kw - transmission 25,421.0      88.1   22,992       79.6

 Target $'s @ 75% 99,142      75.0            73,480      75.0
 Net Actual Rebate  $'s 75,935        78.6                105,181        61.59
  difference            ($23,206)                  $31,702

Overall net for 2000 under Rate 21 appears to reflect that TW has saved
$8,496 above their target rebate of $170,622 (75% avoidance) for the 3rd and
4th quarters.  In addition, ECS has made payment to TW under Rate 19 that
resulted in an additional $118,441 paid to TW.   Note that ECS has proposed
to included the transmission demand in the Rebate process which is not
specifically addressed the Compression Service Agreement.

Currently TW has access to the web site that graphically displays the current
Tri-State generation load as well as several years of month by month
history.  This access was conveyed to TW as soon as the confidentiality
agreement between TW, ECS and Tri-State was executed and delivered to ECS.
At this point, EE&CC (now under ET&S) was notified that the system access was
available to package the load monitoring programming.  As I mentioned above,
that effort is underway.

I will be glad to meet and/or discuss these issues when you are available.  I
will be travelling most of the next (2) weeks but you can reach me via email
or my
cell phone (713) 851-7703.   Based on the information that I was able to pull
together, I just don't see the magnitude of dollars that seems to have TW
concerned.
I would like to discuss at your earliest convenience.

Thanks,
mk


yo


Janet, any ideas?

Regards
Delainey
---------------------- Forwarded by David W Delainey/HOU/ECT on 11/13/2000
11:49 AM ---------------------------

Scott Neal
11/12/2000 08:20 PM
To: David W Delainey/HOU/ECT@ECT, John J Lavorato/Corp/Enron@Enron
cc: Frank W Vickers/HOU/ECT@ECT
Subject: Org Chart

John/Dave,

Frank and I would like to recommend assigning Phil Demoes outside of our new
group as part of the upcoming reorganization.
Please let us know if you would like to discuss further and how we should
proceed.
---------------------- Forwarded by Scott Neal/HOU/ECT on 11/12/2000 08:14 PM
---------------------------

Frank W Vickers
10/23/2000 09:56 AM
To: Scott Neal/HOU/ECT@ECT
cc:
Subject: Org Chart

Scott, hope all is well.  I will get to the point.  What are your suggestions
on the individuals that we have been assigned ?  I need to rely on you for
any input that might suggest that we not take someone on.  I understand that
Dave wants any personel changes as soon as possible.  What do you think ?  We
do not want to begin with HR problems if we can avoid it upfront.

Please e-mail or call at 503-464-3940.

Frank


Thanks for the note.  Just pass on my concern for Clarissa and hope for her
improvement.

	Fiona Stewart
	10/19/2000 06:44 AM

		 To: tana.jones@enron.com
		 cc:
		 Subject: Michael Brown

Hi Tana

Michael has asked me to get in touch with you to apologise for not contacting
you earlier and to say that unfortunately Clarissa is very ill and in and out
of hospital so he will not be able to contact for the next couple of weeks.
Consequently, he will not be in the office the  rest of the week and will
also not be in next week.  He is not picking up his emails but is picking up
voicemails.  If you would like me to pass any message on to him, please just
email me or call me on 0207 783 7212.

Thanks
Fiona


I was sorry to hear about your mother.  I tried to call last night but you were not at home.  I told mom and she asked for your number.  I don't know if you have heard, but Enron was purchased by Dynegy on Friday.  The deal will not close until Q3 '02, but this will obviously affect me in some manner.  We will see.  Take care.

DG


Janet.  I'm back from vacation!   I have updated the flow volumes for HL&P


FYI,

The next Outage Coordination Commercial Review meeting is 01/09/02.  The purpose for the meeting is to discuss outages that have a flow impact for the month of February & March 2002. Please review the attached outage report. If you have any questions, please give me a call.

Jerry Graves
713-345-8923

When: January  9
Time:  1:00 to 2:00
Where: Houston 42C2
             Omaha  VCR - 6th floor
             Field - Conference # 877-795-3687
                        Code # 755555

NORTHERN BORDER PIPELINE

 	Location	Date	Scope	Comments
NB	CS13	01/10/02 to 01/10/02	Wash GG, and MP2.  (10 hrs)	Potential impact is low.
NB	CS09	01/14/02 to 01/16/02	Unit Exchange, and emissions test.	Potential impact is low.
NB	CS11	02/19/02 to 02/19/02	Wash GG, and MP2.  (10 hrs)	Potential impact is low.
NB	CS12	03/05/02 to 03/05/02	Wash GG, and MP2.  (10 hrs)	Potential impact is low.


Please find attached three background documents for discussion at next Monday's Regulatory Roundtable (Oct. 8):

- Talking Points on the LDC Service issue
- Issues List on FERC's proposed Affiliate Rule
- Comparison between the Affiliate NOPR and the current Standards of Conduct regulations (for gas only)


actually, could you or Kathryn send Shemin 5 Dominion producer contracts.  Just any 5 will do.  She just wants to get a feel for what these contracts look like.

 -----Original Message-----
From: 	Downey, Patricia
Sent:	Wednesday, March 20, 2002 2:32 PM
To:	Germany, Chris
Subject:	RE: Dominion Transmission Notices

Chris, I have just opened up my messages and see I have missed this meeting?  Do you need something from me?  SORRY! Patricia

 -----Original Message-----
From: 	Germany, Chris
Sent:	Wednesday, March 20, 2002 1:25 PM
To:	'"Proctor, Shemin V." <sproctor@akllp.com>@ENRON'; Price, Wade R.
Cc:	Dhont, Margaret; Bussell l, Kathryn; Downey, Patricia
Subject:	RE: Dominion Transmission Notices

Shemin, just give me a call when you are ready.  I'll let Wade know and we will come to your office.

 -----Original Message-----
From: 	"Proctor, Shemin V." <sproctor@akllp.com>@ENRON
Sent:	Wednesday, March 20, 2002 11:46 AM
To:	Germany, Chris; Price, Wade R.
Cc:	Dhont, Margaret; Bussell l, Kathryn; Downey, Patricia
Subject:	RE: Dominion Transmission Notices

Wade,
I am meeting K. Higgason for lunch at 12:30, so can we please meet at
1:30, or 1:45?

-----Original Message-----
From: Germany, Chris [mailto:Chris.Germany@ENRON.com]
Sent: Wednesday, March 20, 2002 10:45 AM
To: Price, Wade R.; Proctor, Shemin V.
Cc: Dhont, Margaret; Bussell l, Kathryn; Downey, Patricia
Subject: RE: Dominion Transmission Notices

I, of course MUST have my lunch hour.  But after that is over, say 1:00
or so, lets get together.  Shemin, you set the time.  Wade, bring some
of those letters you are talking about down below.

Kathryn, we are going to discuss what you and I talked about yesterday.
Can we just go back to ??Dec 2nd?? and terminate the pools without
Dominion billing Enron all these extra charges.  You and Patricia can
decide if you want to come.

Thanks

>  -----Original Message-----
> From: 	Germany, Chris
> Sent:	Wednesday, March 20, 2002 9:30 AM
> To:	Shemin V. Proctor (E-mail)
> Cc:	Dhont, Margaret; Price, Wade R.
> Subject:	FW: Dominion Transmission Notices
>
> Another interesting item.  Call me when you get a chance.
>
>  -----Original Message-----
> From: 	Price, Wade R.
> Sent:	Wednesday, March 20, 2002 9:19 AM
> To:	Germany, Chris
> Cc:	Dhont, Margaret
> Subject:	Dominion Transmission Notices
>
> I am in receipt of several faxes from Dominion Transmission Inc which
inform Enron of DTI's intention of not crediting gas from listed
meters/producers to Enron's pool.  Per Dan Baney of DTI, the listed
effective dates are dates as of which gas will not be credited.  In some
cases, they are taking back gas previously allocated to the pool.
>
> While DTI is asking for a signoff from Enron agreeing to these
statements, we have not sent any back.  I have forwarded all of these to
you for handling along with the many other issues between Enron, DTI,
and the affected producers.
>
> WRP

**********************************************************************
This e-mail is the property of Enron Corp. and/or its relevant affiliate
and may contain confidential and privileged material for the sole use of
the intended recipient (s). Any review, use, distribution or disclosure
by others is strictly prohibited. If you are not the intended recipient
(or authorized to receive for the recipient), please contact the sender
or reply to Enron Corp. at enron.messaging.administration@enron.com and
delete all copies of the message. This e-mail (and any attachments
hereto) are not intended to be an offer (or an acceptance) and do not
create or evidence a binding and enforceable contract between Enron
Corp. (or any of its affiliates) and the intended recipient or any other
party, and may not be relied on by anyone as the basis of a contract by
estoppel or otherwise. Thank you.
**********************************************************************


Start Date: 4/30/01; HourAhead hour: 2;  No ancillary schedules awarded.  No
variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001043002.txt
Error: Invalid variant type conversion

---- Energy Import/Export Schedule ----
*** Final schedule not found for preferred schedule.
     Details:

  TRANS_TYPE: FINAL
  SC_ID: ECTstCA
  MKT_TYPE: 2
  TRANS_DATE: 4/30/01
  TIE_POINT: PVERDE_5_DEVERS
  INTERCHG_ID: EPMI_CISO_5001
  ENGY_TYPE: FIRM


A psych student could write a dissertation about that statement.

From: Roseann Engeldorf on 11/30/2000 09:51 PM
To: Kay Mann/Corp/Enron@Enron
cc:

Subject: Re: LM 6000/Coral transaction

i am a woman with no future - i exist in the eternal blackness of the here
and now


----- Forwarded by Jeff Dasovich/NA/Enron on 03/10/2001 12:11 PM -----

	JBennett <JBennett@GMSSR.com>
	03/08/2001 06:17 PM

		 To: "'James.D.Steffes@enron.com'" <James.D.Steffes@enron.com>, "'Harry
Kingerski (E-mail)'" <Harry.Kingerski@enron.com>, "'Mike Smith (E-mail)'"
<msmith1@enron.com>, "'Robert Williams (E-mail)'"
<Robert.C.Williams@enron.com>, "'Jeff Dasovich (E-mail)'"
<jdasovic@enron.com>, "'smara@enron.com'" <smara@enron.com>, "'Tamara Johnson
(E-mail)'" <tjohnso8@enron.com>, "'Robert.Frank@enron.com'"
<Robert.Frank@enron.com>, "'leslie.lawner@enron.com'"
<leslie.lawner@enron.com>, "'sstoness@enron.com'" <sstoness@enron.com>,
"'JKLAUBER@LLGM.com'" <JKLAUBER@LLGM.com>
		 cc: Amr.Ibrahim@enron.com, John.Neslage@enron.com,
Robert.Neustaedter@enron.com
		 Subject: CPUC Weekly Update

Attached is the weekly update of events at the California Public Utilities
Commission.  As always, call if you have any questions.

 <<X20615.DOC>>

Jeanne Bennett

 - X20615.DOC


Michelle,

I would like to sign up if there's still room.

Thanks,

Kay


=====================================================================
THE INDUSTRY STANDARD'S
M E D I A  G R O K
A Review of Press Coverage of the Internet Economy
=====================================================================
| http://www.thestandard.com |

Tuesday, December 12, 2000

TOP GROKS:
* Economists: Relax, This Won't Hurt a Bit
* Sun Hears It Through the Grapevine
* Courts Taming the Wild, Wild Web

MORE NEWS:
* Go West, Young Wharton Students

/=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-= advertisement =-=-=\

WANT TO PUT YOUR COMPANY ON THE E-BUSINESS MAP? List your company in The
Standard's Directory, and help shape e-business by making your offerings
available to the best minds in the Internet Economy.  And if you're
wondering which "i" company does "i" what, search the Directory's
database of over 3,000 e-businesses to find your future partners. Visit
The Standard's Directory today and make the connections you're looking
for.  http://tm0.com/thestandard/sbct.cgi?s=64349541&i=284481&d=730129

\=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=/

CORRECTION:
~~~~~~~~~~~~
In Friday's Media Grok we referred to reporter P.J. Huffstutter as
"he." Ms. Huffstutter is a "she." We regret the error.

TOP GROKS
~~~~~~~~~
Economists: Relax, This Won't Hurt a Bit

Most of us like recession speculation about as much as we like tetanus
shots. A business forecast from UCLA brought out the big needle on
Monday and predicted a 60 percent chance of the r-word in 2001. Like
your doctor, the UCLA economists said it would only pinch a little,
and then it would all be over.

CBS MarketWatch, Newsbytes and MSNBC provided good summaries of the
report, which insisted everything would be peachy again in 2002.
Newsbytes' Michael Bartlett led with some encouragement for deflated
techie egos: "The stimulus of the Internet-led 'New Economy' was
enough to keep the current economic expansion in the United States
driving forward for four years longer than it might have," he said,
paraphrasing the report. Funny how everyone's putting "new economy" in
quotes these days - it used to seem so real.

The San Jose Mercury News called the predicted downturn "recession
lite" and noted that local California readers "will escape the worst
of it." (A separate UCLA report on California put the odds of a
statewide recession at 40 percent; report author Tom Lieser prefers
the term "deceleration.") Many experts expect 3 percent growth next
year, so the Merc's Jennifer Bjorhus called other economist to compare
notes. One Bay Area econ professor agreed that we may be in trouble,
but the UCLA report "has other economists scratching their heads,"
said Bjorhus. "I don't know of anybody else that's out there that
far," said economist Richard Carlson.

We do. CBS MarketWatch columnist Paul Farrell wondered if the slump
has already arrived, citing Ken Kurson's article "Nine Signs We're
Already in a Recession" in Esquire's December issue. Kurson's thesis
made sense and "was worth the price of the magazine," but in the end,
Farrell shrugged it off. "Neither Esquire's Grinch nor the U.S.
Supreme Court is going to steal my Christmas," he wrote. If only we
could face the doctor with such self-assurance. - Jen Muehlbauer

UCLA Report's Economic Forecast: Recession Lite
http://tm0.com/thestandard/sbct.cgi?s=64349541&i=284481&d=730130

UCLA's Anderson School Predicts 'Mild Recession' in 2001
http://tm0.com/thestandard/sbct.cgi?s=64349541&i=284481&d=730131

UCLA Economists See U.S. Recession
http://tm0.com/thestandard/sbct.cgi?s=64349541&i=284481&d=730132

U.S. Recession Looming, Study Says
http://tm0.com/thestandard/sbct.cgi?s=64349541&i=284481&d=730133

Recession in 2001? It's Already Here!
http://tm0.com/thestandard/sbct.cgi?s=64349541&i=284481&d=730134

Nine Signs We're Already in a Recession
Esquire (Not available online.)

---------------------------------------------------------------------

Sun Hears It Through the Grapevine

Didja hear the one about Sun's irregular accounting practices? Sun CFO
Michael Lehman did, but by the time he denied it, the stock had
already taken a hit. "These rumors have no basis in fact and are
false," said Lehman in an indignant (and redundant) statement released
on Monday.

The rumor said "a short-seller had published a compelling report
charging accounting irregularities," explained TheStreet.com. Finer
points were scarce, and that's probably just the way Sun spokesperson
Mark Paisley liked it. Since the gossip had no source or details,
"That should tell you about the quality of the rumor," he told
Reuters. After Lehman's official denial, Sun shares rebounded a bit in
after-hours trading, showing that some traders who believe rumors also
believe prepared corporate statements.

Accounting scuttlebutt may have been the catalyst for Friday's Sun
selloff, said TheStreet.com, "But more notable was what the
book-cooking rumor obscured: a survey from small, Chicago research
shop Off The Record Research showing slowing sales of Sun servers to
its distributors." The Financial Times also noted analyst's worries
about Sun sales, and Wall Street's concerns about Sun's ability to
spar with HP, Compaq and IBM. Suddenly, everyone's in the server biz,
and Sun's not looking so invincible anymore.

Sun did get a bit of good press this week, by helping to form an
industry group to develop online audio and video standards. Then
again, the group "is sure to create a battle for market control with
(media player companies) RealNetworks Inc. and Microsoft Corp," said
the San Jose Mercury News. We'll have to wait and see whether Sun
shares rise or set on this new development. - Jen Muehlbauer

Sun's Shares Plunge
http://tm0.com/thestandard/sbct.cgi?s=64349541&i=284481&d=730135

Sun Micro Denies Accounting Rumor on Stock Slide
http://tm0.com/thestandard/sbct.cgi?s=64349541&i=284481&d=730136

Sun Dims as Investors Doubt Blue-Sky Growth Projections
http://tm0.com/thestandard/sbct.cgi?s=64349541&i=284481&d=730137

Sun Shares Slide on Sales Growth Concerns (Bloomberg)
http://tm0.com/thestandard/sbct.cgi?s=64349541&i=284481&d=730138

Cisco and Sun Teaming Up on Better Streaming Standards
http://tm0.com/thestandard/sbct.cgi?s=64349541&i=284481&d=730139

/=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-= advertisement =-=-=\

ARE YOU READY FOR KNOWLEDGE-BASED MARKETING?
Primary Knowledge provides outsourced data warehousing and business
intelligence tools that help you focus on your most valuable customers.
We aggregate isolated silos of online data, giving you a fuller picture
of your customers. And, every morning, you are GUARANTEED access to
current intelligence and data analysis tools. So you can make decisions
based on knowledge. http://www.primaryknowledge.com?a=007008008

\=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=/

Courts Taming the Wild, Wild Web

This morning's news was peppered with court cases that collectively
reined in profane names, spam and anonymous libel on the Net.

USA Today ran an Associated Press story on a case that time and
competition have rendered moot. Adult Web-site operators had sued
Network Solutions because NSI, at the time the sole registrar of
domain names, refused to issue names the AP characterized as
"www.(pickanyobscenity).com." (Last year, competing registries began
accepting registrations for such names.) The judge ruled that domain
names are mainly about navigation, not about communicative speech. The
AP carried what amounted to a lively debate among lawyers and Internet
experts on possible reverberations from the case.

The Washington Post and CNET covered the first libel judgement won by
an individual against an anonymous online poster. The Post's story, by
Brian Krebs of Newsbytes, disentangled the complicated tale more
clearly than did CNET's AP copy. A U.S. District judge awarded
$675,000 to an Emory University professor after an anonymous poster
accused him of taking kickbacks. The poster, unmasked in the
investigation, was a former employee of the company he accused of
making the payoff. The Post provided the critical detail that that
company had fired the libeler. Krebs quoted Ari Schwartz, a policy
analyst with the Center for Democracy and Technology, for the bottom
line: "There's not much difference between saying slanderous things
online or offline. ... In terms of anonymity, it's probably much
easier to send letters in the mail."

Two different court cases recently struck blows against unsolicited
commercial e-mail. The Los Angeles Times ran an unsigned piece on a
rather typical spammer who had hijacked a company's computer to spread
millions of spams offering porn and get-rich-quick schemes. What
wasn't typical about this case is that the spammer was tracked down
and arrested. He pleaded guilty to second-degree forgery and faces up
to seven years in prison.

Wired News and InternetNews assigned reporters to the other spam case,
this one involving Web host Verio's use of "whois" customer
information from Register.com in violation of the registrar's
acceptable-use policy. The case has not yet gone to trial, but a
federal judge ordered Verio to stop using the whois data to barrage
Register.com's customers by e-mail, phone and mail. Writing for
InternetNews, Clint Boulton detailed the judge's order and talked to
outside experts on the possible effects of the judge's order. Boulton
quoted a Washington lawyer who emphasized the b-to-b aspect of the
tussle: "What this case does is go further in protecting the
relationships a business has with its customers." - Keith Dawson

Judge Rules Against Profane Web Domains (AP)
http://tm0.com/thestandard/sbct.cgi?s=64349541&i=284481&d=730141

Professor Wins Net Libel Suit
http://tm0.com/thestandard/sbct.cgi?s=64349541&i=284481&d=730142

Doctor Awarded $675,000 in Net Libel Case (AP)
http://tm0.com/thestandard/sbct.cgi?s=64349541&i=284481&d=730143

Computer Hijacker Pleads Guilty
http://tm0.com/thestandard/sbct.cgi?s=64349541&i=284481&d=730144

Verio's Alleged Spam Is Temporarily Canned
http://tm0.com/thestandard/sbct.cgi?s=64349541&i=284481&d=730145

Judge Blocks Whois Spam
http://tm0.com/thestandard/sbct.cgi?s=64349541&i=284481&d=730146

/=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-= advertisement =-=-=\

NEW PRODUCTS AND SEMINARS FROM HEWLETT PACKARD
Hewlett Packard's thinking ahead. Are you? See what's on the horizon
and what it'll mean to your business in arenas like e-services,
Always-On Infrastructure, and Internet appliances. For the calendar of
events regarding New Product Introductions and other details about
hp's services, go to:
http://www.mmtrack.net/m/s.asp?H2655997803X931346

\=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=/

MORE NEWS AT THESTANDARD.COM
~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Go West, Young Wharton Students
http://tm0.com/thestandard/sbct.cgi?s=64349541&i=284481&d=730148

Online Grocery Fails in Hong Kong
http://tm0.com/thestandard/sbct.cgi?s=64349541&i=284481&d=730149

Signs of Telecom Life
http://tm0.com/thestandard/sbct.cgi?s=64349541&i=284481&d=730150

CEOs Who Got Rich on a Niche
http://tm0.com/thestandard/sbct.cgi?s=64349541&i=284481&d=730151

DoubleClick Will Miss the Mark
http://tm0.com/thestandard/sbct.cgi?s=64349541&i=284481&d=730152

---------------------------------------------------------------------

MORE LINKS
~~~~~~~~~~
New Jersey Probes Toysrus.com (AP)
http://tm0.com/thestandard/sbct.cgi?s=64349541&i=284481&d=730153

Federal Probe of Commissions Focuses on 1999 VA Linux Deal
http://tm0.com/thestandard/sbct.cgi?s=64349541&i=284481&d=730154
(Paid subscription required.)

Police Investigating Alleged PlayStation 2 Supplier Scam
http://tm0.com/thestandard/sbct.cgi?s=64349541&i=284481&d=730155
(Registration required.)

Movement to Impeach Philippine President Accelerated by New Technology
http://tm0.com/thestandard/sbct.cgi?s=64349541&i=284481&d=730156

Ellison Insists Oracle Remains Strong Despite Defections
http://tm0.com/thestandard/sbct.cgi?s=64349541&i=284481&d=730157

EBay's Half.com to Buy Deja.com's Technology
http://tm0.com/thestandard/sbct.cgi?s=64349541&i=284481&d=730158
(Paid subscription required.)

Sixdegrees Separates Itself From Web
http://tm0.com/thestandard/sbct.cgi?s=64349541&i=284481&d=730159

Amazon, Employees Joust Over Union Effort
http://tm0.com/thestandard/sbct.cgi?s=64349541&i=284481&d=730160

Google Product Tracker Could Raise Privacy Concerns
http://tm0.com/thestandard/sbct.cgi?s=64349541&i=284481&d=730161

Net Monitoring Service Pays Users
http://tm0.com/thestandard/sbct.cgi?s=64349541&i=284481&d=730162

NASA-Led Coalition Aims to Create Crash-Free Computers
http://tm0.com/thestandard/sbct.cgi?s=64349541&i=284481&d=730163

Design for Quantum Computer Proposed
http://tm0.com/thestandard/sbct.cgi?s=64349541&i=284481&d=730164

High-Tech Solutions to a Low-Tech Problem: Catching the Bus
http://tm0.com/thestandard/sbct.cgi?s=64349541&i=284481&d=730165

STAFF
~~~~~
Written by Deborah Asbrand (dasbrand@world.std.com), Keith Dawson
(dawson@world.std.com), Michelle Goldberg (michelle@shift.com), Jen
Muehlbauer (jen@englishmajor.com) and David Sims (davesims@sonic.net).

Edited by Jimmy Guterman (guterman@vineyard.com).

Copyedited by Jim Duffy (jduffy@thestandard.com).

GET THE MAGAZINE
~~~~~~~~~~~~~~~~
4 RISK-FREE issues at this URL:
http://tm0.com/thestandard/sbct.cgi?s=64349541&i=284481&d=730166

GET MORE NEWSLETTERS
~~~~~~~~~~~~~~~~~~~~
The Industry Standard newsletters cover the media, stock market,
e-commerce, music, law and more. Enter your e-mail address at the
following URL and select the newsletters you wish to receive:
http://tm0.com/thestandard/sbct.cgi?s=64349541&i=284481&d=730167

To UNSUBSCRIBE to any newsletters, log in at the following URL and
select the newsletters you wish to cancel:
http://tm0.com/thestandard/sbct.cgi?s=64349541&i=284481&d=730168

GET MORE NEWS
~~~~~~~~~~~~~
Go to http://www.thestandard.com for more coverage on the Internet
Economy. Media Grok does not review stories from any IDG
publication, but includes relevant links to TheStandard.com and
IDG.net.

ADVERTISING INFORMATION
~~~~~~~~~~~~~~~~~~~~~~~
For more information on advertising in The Industry Standard
Newsletters, contact:

West Coast
Connie Elliott (mailto:celliott@thestandard.com)

East Coast
Norma Wesolowski (mailto:normaw@thestandard.com)

FEEDBACK AND PROBLEMS
~~~~~~~~~~~~~~~~~~~~~
Send letters to the editor to letters@thestandard.com.

Please contact us with any problems that arise.
http://tm0.com/thestandard/sbct.cgi?s=64349541&i=284481&d=730169

You can also contact us via phone or mail:
The Industry Standard, Customer Service
(402) 293-0386 (phone)
(402) 293-0794 (fax)

The Industry Standard, Production
315 Pacific Ave.
San Francisco, CA 94111
(415) 733-5400 (main)
(415) 733-5401 (fax)

Copyright 2000 The Industry Standard


susan:
Could you please contact your contacts at UtiliCorp and TransCanada and find
out where things stand?
Carol


Have you read the latest eSpeak transcript?  Check it out today and then cast
your vote on Jeff's beard.  Send an e-mail to ethink@enron.com with "Keep
it!" or "Get rid of it!"  We'll pass your opinions along.

It's pop quiz time. What's Orimulsion?  If you don't know, go read about it
in the Idea Vault on the ThinkBank!

It's time for a new discussion on how to make Enron the best company to work
for.  Go to eMeet today and share your thoughts on this topic or on anything
else you'd like to discuss.

Start your new year off on a competitive foot.  Join the Edge weekly to place
and find competitive information.

ethink.enron.com


Sara -

Can you please help Jane in putting credit language into the confirmation of
a Japanese deal?  I have provided a worksheet with credit provisions that
would normally go into a master or an omnibus confirmation.  In this case, it
will be an omnibus.

Please let me know if I can do anything from here.

John

Jane McBride@ENRON
11/27/2000 05:11 PM
To: John Suttle/HOU/ECT@ECT
cc: Alan Aronowitz/HOU/ECT@ECT, Mark Evans/Legal/LON/ECT@ECT
Subject: Re: credit for Nippon Chemi-con

Hi John,

Thanks for this, just wondering though, how do you usually get from this sort
of table to the actual provisions to include in the contract.  Alan, Mark, is
there any easy way to do this?

Thanks.

Jane

	John Suttle@ECT
	2000/11/28 07:05

		 To: Morten E Pettersen/AP/Enron@Enron
		 cc: Jane McBride/AP/Enron@Enron, Joseph P Hirl/AP/ENRON@ENRON
		 Subject: credit for Nippon Chemi-con

Morten Erik -

I recommend the credit terms provided in the attached document to be included
in the Nippon Chemi-con contract.  These are industry standard terms for a
counterparty with credentials such as Nippon-Chemi-con, and these industry
standards are what will enable Enron to syndicate the credit risk if we
decide to do so in the future.

After my discussion with Jonathan last week, I think it is clear that Credit
is on the same page with your team in that we recognize the importance of
getting this first deal booked.  I think that in proposing the terms of your
transaction to the counterparty though, Enron can begin educating the market
as to the nature of the credit risk imbedded in the deal structure, and in
doing so, begin setting the same standards we have in our other portfolios.
The attached credit terms are not set in stone, but I think they are a good
place to start.  I will make myself available to you and the counterparty to
discuss the credit terms, and we will be very willing to negotiate the terms
in good faith.

My point is simply that we should not enter into any of these transactions
without fully discussing the credit implications with the counterparty.

Please feel free to call me or write if you have any questions or concerns.

John
x30906


You have been chosen to represent your group(s) at this meeting for an overview of the Roles and Responsibilities for Data and Email migration to UBSWE. Infrastructure will need your assistance in getting the "word" out to your teams, and ensuring that everyone complies with the legal and IT requirements. Every user will be required to ownership of their files and emails that meet compliance and need to migrate to our new company

IT will send out a communication to everyone, but I want to give you a "blow by blow" explanation before the communication goes out. If you are unable to attend this meeting, please send someone as your proxy.

Simon -- it would help if you were on hand to assist with any technical questions that may arise, for which I don't have an answer


Ike, is the president and CEO of TVA.

FYI

Regards
Delainey
---------------------- Forwarded by David W Delainey/HOU/ECT on 10/06/2000
10:11 AM ---------------------------

David W Delainey
10/06/2000 10:06 AM
To: Ojzeringue@tva.gov
cc:
Subject: Various

Ike, given our schedules, it appears that e-mail may be the most effective
communication tool.

I thought I would just follow up on progress being made in TVA on our
settlement process.  As well, I understand that there has been a number of
communications between TVA and Enron on the NoxTech emissions business.  I
have encouraged the Enron folks to pursue this opportunity with TVA given the
larger dialogue.  The Enron team has told me that TVA  wishes to move to firm
pricing and a MOU on this technology.  Given the larger dialogue, I have
suggested to our team to hold tight on completing the agreement until both
TVA and Enron have a view on where the overall settlement discussions are
going.

Please give me a call at your earliest convenience.

Regards
Dave Delainey


We also received congestion for HE 5--50 mws at $74.83. HE 5 is not in the inc sheet but will be. The CISO is again having difficulties reading our bids. They have been working on this for a week.
Thanks,
Bill

 -----Original Message-----
From: 	Harasin, Leaf
Sent:	Monday, October 22, 2001 6:03 AM
To:	Williams III, Bill
Subject:	21st cong

We got awarded cong for hours ending 5,6,7,8,and 23 on the 21st the volumes were 50,100,100,75,and 50 respectively. We priced these MW at the market clearing price or our bid price whatever was higher. HE 5 was cut because the finals were not able the be imported in time due to ISO web site problems, all other hours flowed. The price in the inc sheet for HE 6,7,8,and 23 are $189,$189,$144.95,and $89.
Thanks
Leaf


Friday's PGE system deal # is 783528.1
Saturday's is #783646.1

Thanks, Donald.

 -----Original Message-----
From: 	Robinson, Donald
Sent:	Thursday, September 20, 2001 9:22 AM
To:	DL-Portland Real Time Shift
Cc:	Semperger, Cara; Scholtes, Diana; Crandall, Sean
Subject:	Short at Portland System for 9/20-22

We are short at PGE system for 9/21/01 and 9/22/01.  HE15-20pdt, we are 25mw short.  This is due to a lending deal done by the NW Cash desk.  Please supply Portland at their system in the most cost effective manner possible.  The sale deal number has not yet been input to the system, but I will send another note when it has.

Also, I failed to send a note for TODAY, 09/20/01.  We are short at Portland System for 8mw HE1-6, 23-34 and 25mw for HE15-20.  I was able to call RT in time for them to cover this morning.  LLH deal number is 781575.1 and Super peak number is 781576.1.  Sorry about the lapse for this one.

Thanks,
Donald Robinson, NW preschedule desk


Here is Molly Harris' latest draft of the Credit Policy.  Could you please
take a quick look at it and let me know if you see anything that would
conflict with any other policies or the LLC agreement?  Thanks,

Gregg
---------------------- Forwarded by Gregg Penman/Corp/Enron on 10/03/2000
08:26 AM ---------------------------

Molly Harris@ECT
10/02/2000 07:27 PM
To: William S Bradford/HOU/ECT@ECT, Gregg Penman/HOU/ECT@ECT,
a.huprikar@pecorp.com
cc:
Subject: MEH Credit Risk Management Policy

Please find attached Credit's last version of our Credit Policy for MEH.
Please review for comments by tomorrow.  We would want to make any final
changes and provide to Board meeting of JV on Wednesday.

Greg - what is status of legal name?  It appears to have changed.

Thanks
Molly


The attached will be discussed at the Regulatory Roundtable today.

Thanks
Ruth


Andrea,

The two gentlemen that I mentioned on my voice mail are Kevin Murray and
Leonidas Savas.  Both are from LSU and
start this summer as Associates.  Both have expressed their strong desire to
have their first rotation in Trading and I think they would
do a great job for us.   If you concur, please make a note to place them in
Trading for their first rotation .  I have attached both resumes for your
reference.

thanks,

Scott

 - new leo's resume.doc

 - resume1.doc


----- Forwarded by Richard B Sanders/HOU/ECT on 10/29/2000 08:49 AM -----

	"Tetrault, Charles D." <ctetrault@velaw.com>
	10/28/2000 05:09 PM

		 To: "Richard B. Sanders (E-mail)" <Richard.B.Sanders@enron.com>
		 cc:
		 Subject: VPP

Any success in locating the Enron press release on the volumetric production
payment involving EOG that we discussed on October 10?

Charles D. Tetrault
Vinson & Elkins L.L.P.
1455 Pennsylvania Ave., N.W.
Washington, D.C. 20004-1008
ctetrault@velaw.com
202.639.6551 [voice]
202.639.6604 [fax]

          ++++++CONFIDENTIALITY NOTICE+++++
The information in this email may be confidential and/or privileged.  This
email is intended to be reviewed by only the individual or organization
named above.  If you are not the intended recipient or an authorized
representative of the intended recipient, you are hereby notified that any
review, dissemination or copying of this email and its attachments, if any,
or the information contained herein is prohibited.  If you have received
this email in error, please immediately notify the sender by return email
and delete this email from your system.  Thank You


Your GTSA Exhibit 0202LCG034 with Pacific Gas and Electric Company is now available in INSIDEtracc.  If you have any questions prior to confirming* this exhibit, please call a California Gas Transmission Representative (http://www.pge.com/pipeline/custserv/reps.html).

Steps to E-Confirm your GTSA Exhibit:

1.	At the Pipe Ranger Home page (http://www.pge.com/pipeline/index.html), log on to INSIDEtracc.  You will be prompted to enter your ID and password at two different log on screens.
2.	At the INSIDEtracc main window, select Navigate, Contracts, Contracts.  Click the Retrieve button to retrieve your customer-specific contract information.
3.	Click the arrow next to the GTSA Contract Code to open up a list of Exhibit types (e.g. Transportation, Storage, Park/Lend).
4.	Click the arrow next to the appropriate Exhibit type for a list of Exhibits.
5.	Select the desired Exhibit from this list (single-click) or open the Exhibit by double-clicking on it.
6.	Click the "View Contract" button on the Contract Controller screen, or "View Exhibit" button on the Exhibit screen to review the full text of the Exhibit.
7.	Click the "E-Confirm" button when you are ready to electronically confirm your Exhibit.
8.	Click the "View Contract" or "View Exhibit" button after you E-Confirm the Exhibit.  Print or save the Exhibit text with the Date/Time/User ID stamp of your E-Confirmation.

* As a "contact" identified on Exhibit B (Access Request Form), you are authorized to confirm contracts under the Electronic Commerce System User Agreement executed with Pacific Gas and Electric Company.  If you are not a "contact" identified on Exhibit B, please call a CGT representative to let them know you received this e-mail in error.


You guys need to manage this.......
---------------------- Forwarded by David W Delainey/HOU/ECT on 11/13/2000
07:07 PM ---------------------------

Janet R Dietrich
11/13/2000 02:32 PM
To: David W Delainey/HOU/ECT@ECT, John J Lavorato/Corp/Enron@Enron
cc:
Subject:

Hey guys. I'm hearing through the grapevine that we now have a new ENA
Analyst trading program. Allegedly, phone calls are getting ready to go out
from HR to offer these individuals a spot in the program and possibly a
different compensation program along with it. Allegedly there are a couple
"targeted" Analysts within Origination.

What's up with this? If there is any truth to this we need to discuss. If
not, please confirm so I can appropriately manage.


Nick-  I have discussed the Weather Web Site confirmation templates with Mark
Taylor. We think it would be best at this point to use the regular EEFT
"Deemed ISDA" Confirmation Templates rather than the EOL Confirms. Since your
Confirmations person has the EEFT Deemed ISDA Confirms already set-up on
their system- it would be the easiest to ask them to use those formats and
then insert the following to create the confirms for the Site.

1.  "DRAFT - FOR DISCUSSION PURPOSES ONLY" - Place this in the Header of each
page of the Confirm.

2.  "This Proposal is for discussion purposes only to facilitate the
negotiation, preparation and execution of a definitive agreement governing
the Transaction described above. It is not intended to create a binding or
enforceable contract or to be complete or all-inclusive of the terms of the
related Transaction. The consummation of such Transaction is subject to the
execution of a definitive agreement containing all appropriate provisions,
including those relating to credit and limitation of damages and remedies." -
Place this in the Footer of each page of the Confirm.

3.  Signature Block.  Block out both signature blocks of the Confirm and
replace with "Draft".

The Site may need additional legal disclaimers. Mark & I are working on these
and will get back w/ you next week on what we would recommend.

Kind regards,

Shari


Looks pretty cool
---------------------- Forwarded by Jeffrey A Shankman/HOU/ECT on 01/11/2001
01:19 PM ---------------------------

Robert Johnston
01/11/2001 12:50 PM
To: Jeffrey A Shankman/HOU/ECT@ECT, Gary Hickerson/HOU/ECT@ECT
cc: Scott Tholan/Corp/Enron@Enron, Rommel Aganon/Corp/Enron@Enron
Subject: Brazil coffee estimate: latest @35mm

After weeks of media reports and official Brazilian govt forecasts of a 25-27
million bag crop, we are finally getting to the real likely crop figure of 35
million bags, which we forecast in mid-November  (see report below the Dow
story).  I believe that this is the kind of information that can be a real
winner for the EGM Agricultural traders by clarifying the confusing and
misleading reports from Brazilian official sources.

RJ
---------------------- Forwarded by Robert Johnston/HOU/ECT on 01/11/2001
11:28 AM ---------------------------

	From:  Rommel Aganon @ ENRON                           01/11/2001 10:19 AM

To: Robert Johnston/HOU/ECT@ECT
cc:
Subject: Brazil coffee estimate: latest @35mm

Robert, we hit another one on the head.

-- DJ MARKET TALK: Brazil 01-02 Coffee Crop Seen Near 35M Bags --

  Contact us in London on 44-20-7842-9358 or in New York on 201-938-4435.

  1614 GMT (Dow Jones) Brazil 01-02 crop seen in 35 million bag range, says
trader. However, much too early to put a firm figure on it with possibility of
weather, other upsets, he adds. (CHH)

Confidential
                               Enron North America Competitive Analysis
 & Business Controls

TO:  Gary Hickerson
FROM: Robert Johnston
CC:  Erin Willis, Elsa Piekielniak, Vince Kaminski, Scott Tholan
RE:  Brazilian Coffee Crop Forecast
DATE:  06 November 2000

1. 2000-2001 Crop

This crop flowered from September 1999 to January 2000 and was harvested from
April 2000 to November 2000. The peak of the harvest occurred in June/July.
The 2000-2001 crop is currently being exported, and exports from the crop
will continue into the first half of 2001.  The consensus from our sources is
that this crop will be bigger than expected and total 32-33 million bags.
Brazil,s Ministry of Agriculture (Embrapa) is expected to release an official
total in the next 10 days, which may or may not be accurate.  The most recent
government forecast called for 28.9 million bags.  Growers have been issuing
similarly lower crop yield estimates for 2000-2001 as a way of calling
attention to a probable bad harvest and pressuring the government to provide
more generous financing subsidies.

The current dry weather impacts the 2001-2002 crop, not the 2000-2001 crop,
which is largely harvested.  Crop receipts issued by cooperatives in Brazil
are 11 percent greater than they were in 1999-2000.   Our top source in
London believes that the 2000-2001 crop has been largely discounted by the
market and that the focus should be on 2001-2002.

2. 2001-2002 Crop

This is the crop that should be currently flowering in Brazil, but was
impacted by the June frost and the October dry weather.  The harvest for the
2001-2002 crop will run from April 2001 to November 2001 and will be exported
in the second half of 2001 and in the first half of 2002.  The Brazilian
government is likely to release its 2001-2002 forecast in December or January
2001.  The 1999 plantings garnered expectations of a 2001-2002 crop yield of
44-46 million bags.  However, recent weather problems have caused a
significant downgrade of this forecast to between 33 and 40 million bags.

Other sources in contact with coffee growers in Brazil report the potential
for even greater damage to the 2001-2002 crop, in the range of up to a 50
percent drop, or 22-23 million bags.  Agronomists from Cooxupe, the largest
coffee cooperative in Brazil, have already pegged their first estimate at
27.8 million bags.  Again, however, it is critical to remember that growers
tend to exaggerate weather damage, which is then further exacerbated by
market rumors.  As evidence, dry weather in the spring (Sept-Dec in Brazil)
of 1999 caused alarm regarding the 2000-2001 crop.  Even though the dry
weather did not end until December 1999, there was still time for flowering,
which caused many market watchers to upgrade their forecasts.

While analysts and growers agree that the highly irregular status of the
coffee trees makes the 2001/2002 crop one of the most difficult to evaluate,
the occurrence of average to normal rainfall will greatly sharpen crop
forecasting efforts.  It is most critical for the rest of November and
December.  Recent rains since the last week of October have begun to address
the hydrological deficit in the soil.  Continued, steady, well-dispersed
rains will help offset losses, but estimated irreversible damage to the
expected yield of 44-46 million bags from frost and dry weather to date will
be a minimum of 15 percent, making the new yield forecast no greater than
38-40 million bags.  A shortage of significant rainfall between now and the
end of December could bring yield down to a 30 percent loss from the
forecast, in the range of 33-36 million bags.

Rain is particularly significant because the new planting in recent years has
been concentrated in the Cerrado (savannah) region of Northern Brazil.  The
coffee can be mechanically harvested in this region, but requires significant
irrigation.  The irrigation alone will only partially offset the dry
weather.

The frost damage from June 2000 accounts for a 75 percent crop loss in Parana
and a 20 percent crop loss in Sao Paulo, but these states only account for 20
percent of total Brazilian production.  In Minas Gerais (almost 60 percent of
production), the crop losses are only 10 percent.  Crop losses in Espiritu
Santo, which accounts for 10 percent of production, have been negligible.

Our sources will monitor rainfall and flowering/cherry formation on the
coffee trees, which must occur by January 2001.  The recent rainfall is
viewed as promising and supports our basis for a 33 million bag estimate.


---------------------- Forwarded by Chris Dorland/HOU/ECT on 05/14/2001 12:15 PM ---------------------------

"George, Mike (CA - Calgary)" <migeorge@deloitte.ca> on 05/14/2001 12:11:58 PM
To:	"'chrissy chrissy'" <Chris.Dorland@enron.com>, "'K-Dog'" <StephanieKreuz@aec.ca>, "'lauren maris'" <lmaris@precisiondrilling.com>, "'murray'" <murray@sanjuan.ca>, "'nuke'" <nukee@telusplanet.net>, "'She-rhino!'" <msawyer999@hotmail.com>, "'Schoenalsy'" <jeffschoenhals@hotmail.com>, "'thunder Dan'" <Dan.Dorland@enron.com>, "'Utah'" <riggerj@hotmail.com>, "'Zing Dong'" <zinger01@hotmail.com>, "'ZUK'" <jzukiwsky@hotmail.com>
cc:
Subject:	FW: Biggest Pussy I've ever seen!

-----Original Message-----
From: Clements, Colin (CA - Calgary)
Sent: Monday, May 14, 2001 10:08 AM
To: George, Mike (CA - Calgary)
Subject: FW: Biggest Pussy I've ever seen!

-----Original Message-----
From: Byron Davis [mailto:byron_g_davis@anadarko.com ]
Sent: Monday, May 14, 2001 9:09 AM
To: 'arch'; 'buner'; 'colin'; 'do-1'; 'do-2'; 'fatherdork'; 'fish';
'gordo'; 'grandoni'; 'howie'; 'jonny finger'; 'maxi'; 'RUDY'; 'rufus';
'silly'; 'timbot'; 'z'
Subject: FW: Biggest Pussy I've ever seen!

----------
From:  Diane Larsen
Sent:  Monday, May 14, 2001 9:07 AM
To:  Clint gilles; Corinne Denis; Dana Baillie; Eileen Raugust; Debbie
Garcia; 'Grafton, Laurie C'; 'Kari'; 'K Namikichi'; 'Nicole Stupka'; Jeff
Zdunich; Byron Davis
Subject:  Biggest Pussy I've ever seen!

 <<giant pussy.jpg>>

 - giant pussy.jpg


Zhiyun,

Let's go ahead and make this change.  We can think of no reason why this would cause a problem.  If everyone could keep a close eye on this deal after the change, that will be most beneficial.

Thanks,
Stacey

 -----Original Message-----
From: 	Yang, Zhiyun
Sent:	Thursday, October 18, 2001 3:46 PM
To:	White, Stacey W.
Cc:	Postlethwaite, John
Subject:	index option

Hi Stacey:

  Just want to follow up to see if there is any after thought about what we discussed yesterday on Index Option.  From our discussion, index option will be reported in two records:  reported as physical in the delivery region, and financial in the index region with the corresponding position and risks.    This seems to be a better alternative than reporting the collapsed position in the delivery region in one record or reporting both position as physical  in two records in the delivery and index region.

   Could you please let me know if we should go ahead  implementing the changes?  We plan to move the current stage to production tonight and do a new stage release this week, I'd like this change, if going to occur, to go into this release.

   Thanks a lot.

- Zhiyun


Some originators today reiterated how valuable Gov't Affairs can be in
bringing deals (citing Tom Chapman -- Alamac and Dan Allegretti -UI).  The
new East power services desk (headed by Lloyd Will and Tom May) is taking off
and very interested in muni, industrial on-site generation purchases,
scheduling, etc.  Origination (EPMI and EES) are interested in structured
deals -- all requirements, tolling, etc.  Thanks for keeping this in mind
while out there in the trenches!


Shivaun Nestor
830 Bush Street 606
San Francisco, CA 94108
siobhann@mac.com

To Mr. Ken Lay,

I'm writing to urge you to donate the millions of dollars you made from
selling Enron stock before the company declared bankruptcy to funds,
such as Enron Employee Transition Fund and REACH, that benefit the
company's employees, who lost their retirement savings, and provide
relief to low-income consumers in California, who can't afford to pay
their energy bills.  Enron and you made millions out of the pocketbooks
of California consumers and from the efforts of your employees.

Indeed, while you netted well over a $100 million, many of Enron's
employees were financially devastated when the company declared
bankruptcy and their retirement plans were wiped out.  And Enron made
an astronomical profit during the California energy crisis last year.  As a
result, there are thousands of consumers who are unable to pay their
basic energy bills and the largest utility in the state is bankrupt.

The New York Times reported that you sold $101 million worth of Enron
stock while aggressively urging the company's employees to keep
buying it.  Please donate this money to the funds set up to help repair
the lives of those Americans hurt by Enron's underhanded dealings.

Sincerely,

Shivaun Nestor


This is the final list for February 2000 for counterparty name changes and
mergers.

Name Overlay Only   -
The counterparty name will be overlaid with the new name on Tuesday (2/29)
afternoon.

To be Inactivated 3/1/00 -
Records to be inactivated will be done 3/1/00. If this is an issue for
anyone, please call me right away to discuss.

All documentation will be copied and forwarded as usual.

Thanks! MC


Dear Jay,

Save $20 on your $60 order!

To view this offer online, copy and paste the link below into a browser:
http://www.sharperimagespecials.com/email/nov3001/16557.html

You'll discover the most exciting holiday gifts at The Sharper Image - 10 of this season's bestsellers are highlighted here and hundreds more are showcased in our Gift Guides. To view the Gift Guides category, copy and paste the link below into a browser:
http://www.sharperimage.com/go.jhtml?source=16557&tcid=34&tlid=gg&url=http://www.sharperimage.com/us/en/catalog/categoryview.jhtml?catid=2001&pcatid=20

For a limited time, you'll automatically save $20 on any purchase of $60 or more - on our Web site through this email, or by calling 1-800-344-4444 or by bringing a printout of this email to one of our more than 100 stores, nationwide.

Hurry! Your $20 savings offer is good through December 12 - one week only!

Enjoy your holiday shopping!

Richard Thalheimer
Founder
The Sharper Image

To view the Quadra Silent Air Purifier, copy and paste the link below into a browser:
http://www.sharperimage.com/go.jhtml?source=16557&tcid=34&tlid=h1&url=http://www.sharperimage.com/us/en/catalog/productview.jhtml?sku=SI637GRY

To view the Talking Pictures Photo Album, copy and paste the link below into a browser:
http://www.sharperimage.com/go.jhtml?source=16557&tcid=34&tlid=h2&url=http://www.sharperimage.com/us/en/catalog/productview.jhtml?sku=GC600

To view the New Beetle CD Stereo with Tuner, copy and paste the link below into a browser:
http://www.sharperimage.com/go.jhtml?source=16557&tcid=34&tlid=h3&url=http://www.sharperimage.com/us/en/catalog/productview.jhtml?sku=GT112BLU

To view the RoboCub Talking Robot Toy, copy and paste the link below into a browser:
http://www.sharperimage.com/go.jhtml?source=16557&tcid=34&tlid=h4&url=http://www.sharperimage.com/us/en/catalog/productview.jhtml?sku=SI685SIL

To view the CD Radio Alarm Clock Sound Soother, copy and paste the link below into a browser:
http://www.sharperimage.com/go.jhtml?source=16557&tcid=34&tlid=h5&url=http://www.sharperimage.com/us/en/catalog/productview.jhtml?sku=SI687TNM

To view the Hot+Cold Snack Box, copy and paste the link below into a browser:
http://www.sharperimage.com/go.jhtml?source=16557&tcid=34&tlid=h6&url=http://www.sharperimage.com/us/en/catalog/productview.jhtml?sku=SI712SIL

To view the Travel Alarm Sound Soother, copy and paste the link below into a browser:
http://www.sharperimage.com/go.jhtml?source=16557&tcid=34&tlid=h7&url=http://www.sharperimage.com/us/en/catalog/productview.jhtml?sku=SI601TNM

To view the Digi Pen Digital Camera, copy and paste the link below into a browser:
http://www.sharperimage.com/go.jhtml?source=16557&tcid=34&tlid=h8&url=http://www.sharperimage.com/us/en/catalog/productview.jhtml?sku=AR850

To view the Turbo-Groomer 2.0 with Two Heads, copy and paste the link below into a browser:
http://www.sharperimage.com/go.jhtml?source=16557&tcid=34&tlid=h9&url=http://www.sharperimage.com/us/en/catalog/productview.jhtml?sku=SI546

To view the Electric X2 Scooter, copy and paste the link below into a browser:
http://www.sharperimage.com/go.jhtml?source=16557&tcid=34&tlid=h10&url=http://www.sharperimage.com/us/en/catalog/productview.jhtml?sku=SI700TEA

Place an order of any size and enjoy our monthly special - 50% off our Deluxe Personal Care Kit. To enjoy this Special Offer, copy and paste the link below into a browser:
http://www.sharperimage.com/go.jhtml?tcid=34&tlid=ms&source=16557&url=http://www.sharperimage.com/us/en/catalog/productview.jhtml?sku=DM940

To enjoy your savings, copy and paste the link below into a browser:
http://www.sharperimage.com/go.jhtml?source=16557&tcid=34&tlid=cj&url=http://www.sharperimage.com/us/en/index.jhtml

About this offer:
This offer is for $20 off any $60 purchase. Offer is good through December 12, 2001. Redeem online by clicking through this email to our primary U.S. Web site, www.sharperimage.com. You may also redeem by telephone (800) 344-4444 (mention code 16558) or in any of our more than 100 stores when you bring in a printout of this email (POS 16558). If any item is not on-hand, a store associate will be happy to place an order for you (delivery charges will apply).

We hope you enjoy receiving Sharper Image's email special offers and product previews. However, if you wish to unsubscribe from this email list, please copy and paste the link below into a browser:
http://www.sharperimage.com/go.jhtml?tcid=34&tlid=us&source=16557&url=http://www.sharperimage.com/us/en/account/emailregister.jhtml

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


We need to work out a system here Kristen.  Why is it you are so freakin hard
to get in touch with?  I asked you how often you check email, but you've
never told me, once a day, week, what?  And this cell phone thing...Do you
have it with you all the time...is it on...if not, how often do you check
voicemail...how long after I leave a message should I expect to here from
you?  I'm generally impatient, which is why it kills me to wait to hear from
you, especially when I have not idea of what time frame to expect.

Anyway, I really need to make plans, otherwise I'm going to go to Utah with
Dave, or San Fran, or Puerto Rico.

Mat


Could you pleased put the Enron logo and print a color copy for me.  Thanks.


RE: My newly formed case of dyslexia!

I switched the MW hours on these deals. 469098 should have 10 MW with Sempra.
467455 should have 50 MW with SCEM. These are correct in the system now, but
I just wanted to alert you to my error.

Thanks,
Kate


REMINDER... birthday celebration today at 3:00 PM in EB 38C2.

Holly Keiser
Enron Wholesale Services
Legal Department
Phone: 713-345-7893
Fax: 713-646-3490
Location: EB 3887
Holly.Keiser@enron.com


We plan to provide natural gas to the SPV named below. As I understand, Enron Mexico will be have an equity interest. What credit covenants will we require in the Master Firm Agreement?

 -----Original Message-----
From: 	Gonzalez, Victor
Sent:	Tuesday, June 26, 2001 6:33 PM
To:	Miller, Stephanie
Cc:	Duffy, Matthew
Subject:	Baja export proyect

Stephanie,

Regarding the phone conversation we had earlier today, we already have the name of the SPV that will be transporting the gas.  It is called
Compa??a Energ?a de Baja s. de R.L. de C.V.

If the best option is to use the North Baja Pipeline, which is only 4 miles from the plant, we would need a gas price at the tie point of our pipeline (the SPV's) with North Baja's plus the 22 cents per MMBtu that will go to Enron's de Mexico Risk Management Group.

Gas volumes have changed somewhat under the new scenario.  We are now modeling a bigger turbine that consumes 321 MMBtu's per day, which makes a daily total of 7,704 MMBtus per day.

Matt Duffy and I will call you tomorrow to discuss the next steps.
Saludos,

Victor Gonzalez
Enron de M?xico
01152 8152 2411


I am told that this money should come this week.

 -----Original Message-----
From: 	Lavorato, John
Sent:	Tuesday, May 29, 2001 8:45 AM
To:	Colwell, Wes
Subject:	FW: Formosa - 1.25 Million

This is bizzare.  Global Markets promised Jean this money and won't seem to write her a check.  It was also a low number relative to what was created for GM.

John
 -----Original Message-----
From: 	Gossett, Jeffrey C.
Sent:	Tuesday, May 29, 2001 7:41 AM
To:	Lavorato, John
Cc:	Mrha, Jean
Subject:	Formosa - 1.25 Million

John -

Global Markets is maintaining that there are "accounting issues"  with the $1.25 million.  Should we get Faith Killen or Wes to get this wrapped up?


CALENDAR ENTRY:	APPOINTMENT

Description:
	New Contract System - EB47C2

Date:		4/20/2001
Time:		10:30 AM - 12:30 PM (Central Standard Time)

Chairperson:	Outlook Migration Team

Detailed Description:


Thanks to all of you who have commented already on earlier versions of the
attached white paper.  Remember, this is the message we want to use now as we
are telling various audiences our strategy for the regions.  Please edit on e
mail and send comments back to me by end of day London time Wednesday if
possible.  I am en route to Houston on Wednesday.

I am also recruiting Frank Sayre to help me with the Central America section,
which is weak.

Once I hear from you I'll revise again and send new draft by Thursday.  Who
should be on the next distribution list besides all of you?


Kevin,

Subject:  2 years and 8 months of age.  Male
Condition: Atrial Septal Defect(hole between the left and right
atrium)

Question:
1)Risks vs. benefits for open heart surgery
2)Risks vs. benefits for cardiac catherization using an amplatzer

DP


Lynn,

I spoke with Laura Luce on Friday, and she asked me to coordinate with you to
arrange a visit to the Chicago office.  We tentatively discussed scheduling
my visit for Friday January 26 to Monday Jan 29.  Please let me know if these
dates are still convenient and who I need to contact to make all the
necessary arrangements.

Thank you for your help,
Robin
713-345-7478


Vince,

Included is the rest of the prices for 4th and 5th Generation
Semi-submersibles in the Gulf of Mexico.  The only additional Data is from
Sept 99 through Dec 99.

Chris and I look forward to your analysis on Tuesday.


Good morning ,
We are at this time again , and nonetheless we are keeping
the tradition of sending peace during the Holiday season
and throughout the year.

Due to budget and circumstances we the Weather
Team will send out cards only , knowing
that next year will bring positive results.

                               Thanks
                             Kevin Moore

Shirley and Vince if needed , please
my home phone is 713-528-9805
       cellular-          713-560-3131

Have a Wonderful Weekend !


Saturday at 2:48. We might have to invite Johnny.

Chris


http://ecthou-webcl1.nt.ect.enron.com/gas/

All the gas reports are under west desk

Call Brian Hoskins for a password


We are in the process of distilling this list down to its essentials, and
when we are done, I will forward it along to the group.  So as not to hold
you up, I am attaching a comprehensive list of proposed legislation in both
the Assembly and the Senate in California, along with short summary of what
each piece of legislation purports to do.

Thanks-

John


4:30 works for me.
Carol


I have made spa appointments at Urban Retreat West for Friday afternoon, beginning at 330.


Susan:

Laurel Adams has an FX deal where RMT must be a party.  The counterparty is a
100% owned Enron sub named "Compagnie de Papiers Stadacona".  When I last
checked, nothing shows up in the corporate database.  However, I have
verified the name, ownership, etc.  with Jeff Blumenthal.  I will separately
email you the counterparty info that I have.

We need a deemed ISDA for the parties.  We should later do the ISDA when the
information is available on the database (which could be any day, I
suppose).  I would just use our standard RMT format.

Please assign.  Feel free to call me or Laurel with questions.  Thanks.

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


Lucy,

Why did so many tenants not pay this week?

#12 95
#21 240
#27 120
#28 260
#33 260

Total 975

It seems these apartments just missed rent.  What is up?

Other questions:

#9-Why didn't they pay anything?  By my records, they still owe $40 plus rent
should have been due on 12/12 of $220.

#3-Why did they short pay?


Yes

DG


not really.  i actually don't think the market's going to move too much even though the range of expectations is huge.  there are enough people on the sidelines to mute a move either way


You have received this message because someone has attempted to send you an e-mail from outside of Enron with an attachment type that Enron does not allow into our messaging environment. Your e-mail has been quarantined and is being held at the MailSweeper server.

Sender:  lwbthemarine@alltel.net
Date:  Fri, 28 Dec 2001 09:24:20 -0600
Subject:  Texas Treasure
Attachment Type: Scenarios/Incoming/Inbound URL Catcher: A filename matching the file mask was detected: 'texas treasure.url'.

If the intended email is of valid business-related content and you believe it requires Enron resources to retrieve it, you may call your Help Desk and ask to have it released from quarantine and delivered to your e-mail Inbox. Your message will be scanned and checked for viruses prior to requested release.  If it contains a virus or there is reason to suspect it is malicious code, it will not be delivered.

North American Resolution Center: 713 853 1411
European Resolution Center: 0044 207 78 36777
EES Help Desk: 888 853 9797
ETS Solution Center: 713 345 4745 (Houston) or 402 398 7454 (Omaha)

Please DO NOT reply to this address as it is not a monitored system mailbox.


I'm not in the business of providing firm pricing via e-mail.   As always, all prices from the desk are indicative until customer is ready to pull the trigger.   As a rule of thumb, prices are good for about 15 minutes.

Therefore, let's be clear with the counterparty that we are in a volatile energy market with pricing moving 5-10% on some days.   For example, summer power is down $20.00/Mwh over the past week and June is down $10/Mwh.   Summer 02 and summer 03 are down $7-8/Mwh over the past 3 days.

Thanks.


Hi Clark,

Good to hear from you.  I'm headed to NYC this week, so lunch doesn't look
good.  I would love to see Nancy, though.  She did a very nice job for us.

I can't find any information on Corey.  Can you give me a little background
information?  I couldn't find him in the BP directory or website.

Hope all is well with you, and I hope we can get together soon.

Kay

"Clark Thompson" <cthompson@bracepatt.com> on 01/26/2001 06:28:12 PM
To: <kay.mann@enron.com>
cc:

Subject: Catching up

Hope all is well.  I know it has been a while and I was hoping to catch up.
Corey Brown left me a message that you had called to ask us to work on a
couple of divestitures in Illinois, and I wanted to thank you for keeping us
involved.  As I have said before, we really like working with you all and
want to be as much help as possible.  I have expanded our group so that we
can provide more flexiblity and have greater availability to you.

Would you have time over the next week or so to grab lunch and catch up?
Nancy Wodka will be in town on Tuesday and Wednesday, and I was wondering if
one of those would work for you?  There is an outside chance that I might
have to go to NC on Wednesday, but Tuesday should be fine either way.  Let me
know if one of these works for you or if another time would be better.

Look forward to hearing from you.  Thanks.

cgt