INTERNET STOCK NEWS [tm]
http://www.123jump.com
ISN Ones to Watch 1/22/2002: Return From South Beach
_______________________________________________________________
TABLE OF CONTENTS

1. Overall Sentiment
2. Observations
3. Weekly Portfolio Results
4. Sonny T's System Picks
5. From the Readers
6. Trading Methods & Strategies
7. Comment Welcomed

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1. Overall Sentiment

I spent five days last week visiting 123Jump.com
headquarters in Florida's trendy South Beach. Ironically,
stock prices also headed south.

The charts of the popular averages, which have mirrored the
trend of the typical stock since the Sept. 21 bottom, have
"rolled over" from the peak that occurred in the first five
trading sessions of the year.

However, it should be pointed out that the S&P 600 Small
Cap Index rallied from a 52-week low to an all-time high
during this span of some 14 weeks.

In the reports I read over the weekend, financial pundits
blamed Alan Greenspan's continued concern for the U.S.
economy in remarks made Jan. 11 as the reason for the sell-
off for the week of Jan. 14-18.

In the past 20 months - especially for techno-stock fans -
when all else fails to explain why prices decline, one can
always blame Dr. Greenspan One More Time.

Whatever the reason, the question confronting the trader
and the buy-and-hold investor is: Will the recent wave of
selling end relatively soon, or will it continue a bit
longer?

Moreover, if the selling continues, will the roughly 2,000
stocks that rallied off 52-week lows in late September and
early October revisit those levels?

Despite Wall Street's way of making any stock look good no
matter how dismal its future prospects, in my view,
investors should take what they say with more than a few
grains of the flavoring of your choice.

The dreams that some investors may hold for their favorite
tech stocks of 100% returns (and substantially higher!) in
the next 12 months should be weighed against what I believe
is the reality of a weak recovery in the second half of the
year.

As always, the financial media maintains its focus on the
familiar (read: the Big Cap names and the stocks that
rallied the strongest during 1998-2000), while paying a
modicum of attention to emerging companies, many of which
virtually ignored the bursting of the Tech Balloon.

In many respects, this balloon is still deflating, while
money continues to seek other places where it believes it
will be treated well.

The lesson? Richard D. Wykcoff, an early pioneer in
technical analysis of equities, observed that the stock
market does repeat the same patterns, but not always with
the same stocks.

A good example of how the market in a stock can remain out
of favor for years and then take off for the stratosphere
can be demonstrated in the max chart, courtesy of Yahoo!
Finance, for Adobe Systems (ADBE), the leading maker of
graphics software used in Internet and Desktop publishing.

SEE:
http://finance.yahoo.com/q?s=ADBE&d=c&k=c1&a=v&p=s&t=my&l=on&z=m&q=l

As one can observe, Adobe stock enjoyed a steady
appreciation from 1988 to 1995. From 1996 to 1999, a period
of three years, the share price was locked in a narrow
range.

Only the most resilient and confident of long-term
shareholders held on during this slow period of no
significant appreciation.

After the end of the bear market in October 1998, Wall
Street discovered the Internet (or did the Internet
discover Wall Street?). Being a prime source for software
used in Web page design, Adobe stock soared on an
astounding acceleration in quarterly revenue growth, and,
of course, profits.

Now, the market in the stock accords Adobe a 12-month
trailing P/E ratio of 43 times earnings, even though the
management has warned Wall Street that the company may
experience single-digit annual revenue growth in 2002.

This matter of P/E ratios that don't match up with expected
future earnings still has many professional money managers
uneasy about committing large amounts of capital into high-
profile tech stocks.

2. Observations

In the work I've done for Ticker magazine beginning last
October, I've learned from my visit to HQ last week that
the December cover story on 529 College Savings Plans
generated the most reader response since 123Jump.com
acquired the property in 2000.

Folks who read this newsletter can access the article by
going to www.ticker.com.

This savings plan is the result of federal legislation that
has many tax advantages for investors concerned about
securing a higher education for their children and
grandchildren.

It is also extremely complicated.

Ticker will publish more articles in the future about this
plan. I wholeheartedly encourage readers to investigate
this investment venue. In my view, it will be an issue of
increasing importance in the next decade.

After I returned from South Beach on Friday, Jan. 18, I had
a conversation with Mark, the groundskeeper, where I reside
in Wilmington, NC.

After giving a brief synopsis of my visit, Mark offered his
observation that 90% of the U.S. population wants to live
on either the East Coast or the West Coast, and that over
time the middle portion of the continental United States
will be empty.

That might be a stretch in the short-term, but I would want
to encourage readers to view a map of Australia.

As some of us are aware, this island continent is comprised
of two geographic areas - the Coast and the Outback.

90% of the population resides along the coast.

It is something to ponder.

On the drive back to Wilmington, I picked up a Public Radio
broadcast from some Florida college by a television
professor who hosts a weekly show about the Internet.

Goodness knows there are fewer Internet outlets out there
that talk about nothing but the Internet for the truly
addicted in order to bolster their confidence, and to
remind them that, "Yes, I am still in the right business
instead of majoring in restaurant management."

On the drive back to Wilmington, I got off Interstate 95
and took the "Coastal Highway," or U.S. 17, through
Georgia, South Carolina and North Carolina.

Obviously I encountered lots of stoplights and retail
shopping strips, but that was my intention: to get a feel
for how business was faring during the winter season in
these areas that do most of their business during the warm
weather months.

To be honest, these areas along the Carolinas and Georgia
coasts have evolved into year-round regions with enough
full-time populations to keep businesses operating 12
months a year.

While Dot-Com and Tele-Com stocks were bombing in the past
20 months, the stocks of recreational vehicle makers have
rewarded the patient investor. Stocks from the group
include Winnebago (WGO) and Coachmen Industries (COA).

True, the advances haven't equaled how well Internet
Capital Group (ICGE) did from summer of 1999 to January
2000.

The folks who cashed in their profits from ICGE stock are
now building second homes and using the interest from what
is left over to provide them with a comfortable lifestyle.

What's CNBC, they ask? The biggest problem we encounter
every day is deciding where to go for dinner.

Yes, even for the wealthy, life is still inherently
problematical.

Meanwhile, Warren Buffett, the Oracle of Omaha, along with
a host of other stock market sages, tell the public via
outlets such as CNBC that investors should tone down their
expectations in the current decade.

Since Buffett admits he doesn't understand technology, he
sticks with businesses such as insulation and carpets.

Can these companies appreciate in the next ten years?
Certainly. Will they score 10-fold, 20-fold, even 50-fold
gains in this time span?

Not likely.

Will they make millionaires out of some investors? Yes,
provided they started out with an initial investment stake
of $500,000.

Based on the Rule of 72, or a rough guide for how many
years it takes for an investment to double at a certain
rate of annual appreciation, at 7% a year (including
compounding), $500,000 reaches $1 million in about 10.28
years.

But what about us groundlings still working on those first
five figures of net worth, much less the Holy Grail, or as
Bob Brinker prefers to call it, the Land of Critical Mass,
occupied by those folks worth seven figures?

In a nutshell, there are three ways to achieve Critical
Mass.

First is buy low with up to 99% of available capital and
sell high.

Second is buy high with up to 99% of available capital and
sell higher.

Third is give up your day job and trade like hell with up
to 99% of available capital.

The first two require some patience and the ability to
withstand these painful "corrections" the stock market
experiences every six months to three years.

The third alternative requires that an individual investor
relinquish most, if not all, of his or her understanding of
financial fundamentals and concentrate entirely on the
twists and turns that all equities experience in the short-
term - even down to a few seconds.

It should be pointed out that the most difficult
alternative is the latter - and the most addictive in
nature.

I may as well be honest, and call it, for lack of a better
term, gambling.

Still, gambling is a profession, provided one adopts a
professional's attitude and treats it as a business.

Lastly, a check of the price for a gallon of regular
gasoline, based on what I read on the sign before making
the turn onto Market Street was $1.04.99, down from
$1.07.99.

The February oil future, also called the "nearby contract,"
that trades at the New York Mercantile Exchange (NYMEX),
ended the week at $18 a barrel, and very close to the low
for the past 12 months.

I think the oil traders are wondering about what kind of
deal was stuck was by George W. Bush and Vladimir Putin
last December that may override the efforts by Saudi Arabia
(read: OPEC) to reduce daily output in an attempt to shore
up prices for its basket of crude oils.

Nobody talks much about that meeting between these two
world leaders, because nobody, including the Washington
Press, really understands what happened.

Meanwhile, the Russian stock market remains the best
performing of all the world's stock exchanges in the past
12 months.

It is something to ponder, versus all the ongoing talk
since 1999 about the importance of China as it pertains to
American and European companies and their international
expansions into China's telecom infrastructure.

Personally, I find it fascinating to observe.

On a global scale, I want to remind readers about something
Walter Wriston, the former of CEO of Citibank, which later
became Citigroup after its merger with Traveler's
Insurance, once said about investing:

"At any given moment, the supply of available capital is
finite, yet there are an unlimited number of places where
it can go. It will tend to go to those places where it
believes it can be treated well."

3. Weekly Portfolio Results

Given what has happened to me in the past week, it's been a
struggle to figure out what the results were for the stock
portfolios I maintain for the regular readers.

This "water-related" portfolio of three stocks for the week
ended Jan. 18 works out this way:

American Water Works (AWK) ended the week at an all-time
high. Shareholders approved the company's pending
acquisition by RWK, a German water utility, at $46 a share.

Tetra Tech (TTEK), the water pollution consulting firm that
does a lot of business with the U.S. Government, finished
unchanged since its purchase date Aug. 1 at a split-
adjusted 17.18 a share.

Ginney7 wrote this past week about not receiving shares
after the recent 5-for-4 split and what should be done
about it.

A couple of days later, she wrote to say that the
certificates showed up in the mail.

By certificates, she means actual paper documents that
signify ownership.

In this age of online transactions, how many of you readers
out there actually possess physical stock certificates?

SCP Pool (POOL), the distributor of swimming pool supplies,
also finished flat since the Aug. 1 purchase at a split-
adjusted 26.

Based on what I've written about people wanting to live on
the coast in the U.S. and how much people seem to want to
be near water in general, I think that over time, my
investment will in this stock, a component of the S&P 600
Small Cap Index, as is Tetra Tech, will continue to
appreciate.

Isn't it interesting, after October 1998, how stocks
outside the technology sector have performed on the upside?

I wish they could have done as well as Panera Bread (PNRA),
another S&P 600 stock, in the past 18 months.

Meanwhile, the stocks from the original Ones to Watch
Portfolio, including Exodus Communications, which declared
bankruptcy, are all but forgotten, except for the die-hard
readers from those by-gone days.

As it stands now, a lot of money from retail investors has
poured into Enron on the bet that they can double their
money from 30 cents a share, or whatever the going price is
these days, to 60 cents a share.

And then what? The share price bombs again to 2 cents a
share and all these retail speculators bet on a bounce to 4
cents a share?

Still, that's a double. Someone betting $500,000 at two
cents a share becomes a millionaire before short-term
capital gains taxes if the stock doubles to 4 cents a
share.

It takes all kinds to make a stock market: the speculators
betting on "dead cat bounces" in bankrupt stocks to the so-
called "true investors" that examine the possibilities for
a possible double in something like five years.

Meanwhile, the stock portfolio I created, based on the July
25 market price at the open has produced only one winner:
Alloy Inc. (ALOY), up roughly 30% since the purchase at the
market open on July 25.

The rest: SEI Investments (SEIC), Pharmaceutical Product
Development (PPDI), Daktronics (DAKT), EarthLink (ELNK),
and SonicWALL (SNWL) are all in the red.

The biggest loser is EarthLink, down more than 60% from the
purchase price July 25 at 16.42.

Coming up is the six-month period that ends Jan. 29 for
these six stocks.

At least one of them will have to leave at a substantial
loss, (guess which one), while the others may or may not
remain.

Regular readers that keep up with retail stocks are aware
of how well several have done in the past 12 months.

The gains aren't on the same level compared to how Internet
Capital did in six months during the Internet Mania period
from summer of 1999 to January 2000.

Meanwhile, I recommended a long position in Bed, Bath &
Beyond (BBBY), purchased at 33.49 at the market open on
Jan. 3. The stock closed at 31.82 Jan. 18.

I also recommended a short position in Tiffany & Co. (TIF)
at 31.05 on the same date at the market open. The stock
closed at 33.75 Jan. 18.

I'm losing on both positions.

Not by a lot, mind you, but a loss on paper is still a
loss.

I still keep up with the 16 stocks I've been tracking since
late July. I call this group the Sweet 16? Tech Portfolio.

They all rallied since the Sept. 11 Attack on America to
some degree, some more than others.

However, in the past five to ten trading sessions, the
charts for these 16 stocks display what is known as a
"rollover pattern" that is similar to the popular indexes.

Stocks from the group displaying this pattern include:

Veritas Software (VRTS)
I2 Tech (ITWO)
Micromuse (MUSE)
Alcatel (ALA)
Nokia (NOK)
Comverse Tech (CMVT)
Vodaphone Group (VOD)
Genentech (DNA)
Network Appliance (NTAP)
Check Point Software (CHKP)
EMC Corp. (EMC)
Juniper Networks (JNPR)
CIENA Corp. (CIEN)
Corning Corp. (GLW)

The remaining duo that haven't turned south in the past ten
trading sessions are Business Objects (BOBJ) and BEA
Systems (BEAS).

4. Sonny T's System Picks

Our former IBM employee turned full-time trader wrote this
week to say his trading system since October 15 is up 10%
versus the Dow (plus 5%), SPY (plus 4%), FFF (plus 5%) and
the QQQ (plus 11%).

In his latest e-mail, Sonny T noted that conservative
stocks such as Wm. Wrigley (WWY), Philip Morris (MO) and
BB&T (BBT) have held up well during the bear market.

I would also note that small cap stocks outside technology
have also performed well, as many readers can attest.

As of Saturday, Jan. 19, Sonny's system has picked the
following stocks:

Acredo Health (ACDO)
Affiliated Computer (ACS)
Argosy Gaming (AGY)
Direct Focus (DFXI)
Dianon Systems (DIAN)
Global Imaging Systems (GISX)
Gtech Holdings (GTK)
Knight Transportation (KNGT)
Kronos (KRON)
Michael's Stores (MIK)
TTI Team (TTIL)

As always, Sonny's system places 8% stop loss orders on
these positions in keeping with the Investor's Business
Daily method.

As for my own trading, I've only made two since the
beginning of the year, both in i2 Technologies (ITWO). I am
up 6.6% in this cash (not tax deferred) account.

I still hold 10 shares of MTR Gaming (MNTG) in the
custodial accounts for my three nieces. Although the stock
is down from the recent high of above 17, these three
positions are still in the money.

However, had I held on to either Royal Caribbean (RCL) or
MIM Corp. (MIMS), these positions would be ahead roughly
100% instead of 40%.

It just makes me sick.

But, that's the stock market.

5. From The Readers

Aside from receiving her Tetra Tech shares, Ginney wrote
last week to say that she is strong about Nestle (NSRGY).

"No one will listen when I write about Nestle (NSRGY)," she
says. "This is a top pick, yet no one buys or trades it.
Recently it bought my Ralston Purina for a song and before
that a company that I also own that does laser surgery to
replace eye glasses. This is one of the top-most Swiss
companies, recently split at $50 and is now trading at
about $52. They have so much in the till that that they
were able to help bail out Swissair. I enjoy sharing the
wealth and think if this ever came over to the Big Board it
would run away."

Karim asked: "Just wondered if you could suggest to me at
least three small cap companies which you think will do a
bit better in 2002."

Sonny T's pick of Argosy Gaming (AGY), a S&P 600 Small Cap
Index component, looks like a good stock for 2002, despite
its success in the past 12 months.

Gaming stocks remain one of the strongest sectors of the
market.

A reader a few weeks ago asked about Paxar (PXR), another
index component. This company makes labels for the apparel
industry and should be considered a value play.

The third is Petsmart (PETM), a leading retail chain that
sells pet supplies.

Manish Shah, my CEO, also likes PETM. He suggested two
larger companies that provide software to the financial
services industry: Advent Software (ADVS) and Fiserv
(FISV).

Congratulations are in order to the readers last year that
suggested other small and micro cap names such as Bradley
Pharmaceuticals (BPRX), Neogen (NEOG), Ansoft (ANST) and
eUniverse (EUNI).

A reader named ljpj21 asked for an opinion gleaned from a
message on the SUNW board on Yahoo!

The initial portion reads: "My trading philosophy is this.
I watch stochastic waves and moving averages. From a stable
of 50 high Beta stocks, I go long those with high revenue
growth rates regardless of profitability, and I short
stocks with high P/E's and little near term prospect of
improvement in earnings."

The synopsis of my reply: Stochastic is a technical
indicator that measures short-term money flow to determine
whether demand or supply is greater.

Moving averages refers to the average price measured over a
specific time period. I often write about 50-day and 200-
day simple moving averages (SMA), but there are others of
shorter duration, such as 10-day, 13-day, 20-day.

Traders track these short-term averages to determine
whether the stock is due for short-term advance or a short-
term decline.

Beta is a measure of volatility, or the degree of magnitude
that a specific stock can move during both bullish and
bearish periods in comparison with a known benchmark.

The usual benchmark is the S&P 500 Index, which is always
given a Beta ranking of 1.0. A stock with a Beta of 2.0,
for example, can advance two times as much as the S&P 500
when the market is bullish.

Likewise, when the market is bearish, a stock with a Beta
of 2.0 is capable of a decline two times greater than the
S&P 500.

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-------------------------------***-----------------------------

6. Trading Methods & Strategies

An understanding of a specific stock's Beta coefficient can
help us in our trading.

Returning to i2 Tech (ITWO), a stock that I've traded twice
this year, we have an example of how a stock with a high
Beta ranking behaves.

SEE:
http://finance.yahoo.com/q?s=ITWO&d=c&k=c1&a=v&p=s&t=6m&l=on&z=m&q=b

I2 has a Beta coefficient of a whopping 3.37, which implies
that it is capable of advancing 3.37 times greater than the
S&P 500.

Indeed, from a low last September of 2.98, the shares
advanced to a recent high in early January of 9.41, or
roughly 3.3 times.

Also, one should notice from this bar and volume chart how
the price has risen in a series of waves.

A wave of buying is followed with a counter wave of
selling.

When the selling wave is exhausted, another wave of buying
is initiated.

In addition, readers should also make note of the increase
in daily trading volumes for this stock since Sept. 11.

7. Comment Welcomed

A resident of Wilmington, NC, Dave Jennings performs market
research for Ticker magazine, a monthly publication for
financial professionals. Dave enjoys receiving reader
comment and replies to all e-mails. He can be reached at
djennings@ticker.com or djennings@ec.rr.com.

-----------------------------------------------------------
INTERNET STOCK NEWS (ISN) (c) 2001
Disclaimer: The material herein is for informational
purposes only and should not be deemed an offer or
solicitation on our part with respect to the sale or
purchase of any securities.
http://www.123jump.com/disclaimer.htm
-----------------------------------------------------------

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---------------------- Forwarded by Chris Dorland/HOU/ECT on 11/17/2000 05:51
AM ---------------------------

	Dan Dorland
	11/16/2000 05:16 PM

To: ricardo.perez@enron.com, Chris Dorland/HOU/ECT@ECT
cc: Dana Davis/HOU/ECT@ECT
Subject: Ricardo Perez Reviewer

Hello to the Houston Gang,

I was mistakenly posted as a reviewer for Ricardo Perez. Either Chris is
trying to pass himself off as his charming younger brother again or IT has
messed up our emails on the PEP system.  Please contact IT support:
1-713-853-4777
so that this gets sorted out.  Let me know if you have any problems.

Chris' brother,

Dan Dorland
Enron Canada
70 York Street
Toronto, ON
M5C 2V8
416-865-3714


Hello All,  what an exciting game last night!

No excess injections for the rest of the week.  That means no IAS payback either.

IT between Niagara and Leidy is available for 80,000dth.

IAS or excess withdrawals 60,000dth system wide.

Have a great Tuesday.

Abigail
716-857-6847


Sorry, Sorry,

I missed your birthday last week.  Hope you had a great birthday with Will
and his family.  Are things going well in the Big D?  I have been doing
fine.  Work keeps me pretty busy.

Happy Birthday!

Gerald


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 03/12/2001
05:59 PM ---------------------------

From:  Cassandra Schultz @ ENRON
               02/18/2001 10:59 PM

To: Wanda Curry, Barry Pearce/Enron Communications@Enron Communications,
Kristin Albrecht/Enron Communications@Enron Communications, Shawn
Kilchrist/NA/Enron@Enron, Vince J Kaminski/HOU/ECT@ECT, Alan
Aronowitz/HOU/ECT@ECT, Mark Taylor/HOU/ECT@ECT
cc:
Subject: To Ops - Revised February BOD Approved Risk Management Policy

FYI
---------------------- Forwarded by Cassandra Schultz/NA/Enron on 02/18/2001
10:44 PM ---------------------------

From:  Cassandra Schultz
       02/18/2001 10:26 PM

To: Bob M Hall/NA/Enron@Enron, Leslie Reeves/HOU/ECT@ECT, Jeffrey C
Gossett/HOU/ECT@ECT, Peggy Hedstrom/CAL/ECT@ECT, Stacey W White/HOU/ECT@ECT,
Brent A Price/HOU/ECT@ECT, Scott Earnest/HOU/ECT@ECT, Sheila
Glover/HOU/ECT@ECT, D Todd Hall/HOU/ECT, Cindy Horn/LON/ECT@ECT, Brenda F
Herod/HOU/ECT@ECT, Mike Jordan/LON/ECT@ECT, Howard Carter/EU/Enron@Enron,
Andrew Cornfield/LON/ECT@ECT, James New/LON/ECT@ECT, Orjan
Agdesteen/OSL/ECT@ECT, James New/LON/ECT@ECT, Marcelo Parra/NYC/MGUSA@MGUSA,
Louis Colarusso/NYC/MGUSA@MGUSA, Heidi
Mason/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Jan-Erland Bekeng/AP/Enron@Enron,
Kevin Rhodes/EU/Enron@Enron, Naomi Connell/LON/ECT@ECT
cc: Sally Beck, Shona Wilson, Chris Abel

Subject: To Ops - Revised February BOD Approved Risk Management Policy

Attached is the revised Risk Management Policy incorporating the BOD's
changes - please discard the previously circulated version I sent out prior
to the BOD meeting.  I've also included a recap of substantive changes since
the October 2000 version that was circulated to you in conjuction with the
compliance certificates last fall, but you should read the policy to enhance
your understanding, and distribute it to your groups as some changes are
significant and are detailed further in the policy.  I did notify the Office
of the Chair for each of your business units of these changes earlier this
week, and I will also provide them with a copy of the revised policy.

If you have any questions, feel free to give me a call at x 30429.

Regards,
Cassandra Schultz
Market Risk Management


Energy Committee Members:

Following up from a presentation made to the committee a few weeks
ago....want to make sure that you are able to take full advantage of these
opportunities.  Please find attached the one-page "invitation to
participate" for the Softswitching Technologies/I-grid Power Quality
demonstration project as presented on September 5, 2001.


Sara Shackleton
Enron North America Corp.
1400 Smith Street, EB 3801a
Houston, Texas  77002
713-853-5620 (phone)
713-646-3490 (fax)
sara.shackleton@enron.com
----- Forwarded by Sara Shackleton/HOU/ECT on 06/01/2001 11:15 AM -----

	Cheryl Nelson@ENRON
	Sent by: Cheryl Nelson@ENRON
	05/31/2001 05:16 PM

		 To: Sara Shackleton/HOU/ECT@ECT
		 cc:
		 Subject: RE: Assignment & Assumption Agreement

Sara, as per your request, here is one of the paper trails regarding my
repeated request to folks at Bear for the guaranty.  The most recent request
is from today but previous requests are attached.  There were two others but
I may have erased them.  I will doublecheck and forward them since you'd like
copies.

Cheryl Nelson
Senior Counsel
EB3816
(713) 345-4693
http://gss.enron.com/
----- Forwarded by Cheryl Nelson/NA/Enron on 05/31/2001 05:14 PM -----

	"Meytina, Anna Confidential Memo-Counsel (Exchange)" <ameytina@bear.com>
	05/31/2001 04:37 PM

		 To: "'Cheryl.Nelson@enron.com'" <Cheryl.Nelson@enron.com>
		 cc:
		 Subject: RE: Assignment & Assumption Agreement

Apologies!  I will call you tomorrow to discuss.

Regards,

Anna

> -----Original Message-----
> From:   Cheryl.Nelson@enron.com [SMTP:Cheryl.Nelson@enron.com]
> Sent:   Thursday, May 31, 2001 5:04 PM
> To:   ameytina@bear.com
> Subject:   RE: Assignment & Assumption Agreement
>
> Hi Anna, I still have not heard back from you about getting the guaranty
> back.  Remember that we have also talked about this over the phone but I
> do
> not believe that you ever sent the document back.
>
> Cheryl Nelson
> Senior Counsel
> EB3816
> (713) 345-4693
> http://gss.enron.com/
> ----- Forwarded by Cheryl Nelson/NA/Enron on 05/31/2001 04:02 PM -----
>
>
>                     Cheryl Nelson
>
>                     Sent by:             To:     "Meytina, Anna
> Confidential Memo-Counsel
>                     Cheryl Nelson        (Exchange)" <ameytina@bear.com>
>
>                                          cc:
>
>                                          Subject:     RE: Assignment &
> Assumption
>                     05/21/2001           Agreement(Document link: Cheryl
> Nelson)
>                     10:11 AM
>
>
>
>
>
>
>
>
> Anna, I hope you had a good vacation.  As per our previous conversations,
> I
> still need the original Guaranty from you - i.e., the one we did not use.
>
> Cheryl Nelson
> Senior Counsel
> EB3816
> (713) 345-4693
> http://gss.enron.com/
>
>
>
>
>                     "Meytina,
>
>                     Anna                 To:
> "'Cheryl.Nelson@enron.com'"
>                     Confidential         <Cheryl.Nelson@enron.com>
>
>                     Memo-Counsel         cc:
>
>                     (Exchange)"          Subject:     RE: Assignment &
> Assumption
>                     <ameytina@bea        Agreement
>
>                     r.com>
>
>
>
>                     04/03/2001
>
>                     12:35 PM
>
>
>
>
>
>
>
>
> yes, i did. see you in NY.
>
> > -----Original Message-----
> > From:         Cheryl.Nelson@enron.com [SMTP:Cheryl.Nelson@enron.com]
> > Sent:         Tuesday, April 03, 2001 1:03 PM
> > To:           Meytina, Anna Confidential Memo-Counsel (Exchange)
> > Subject:           Re: Assignment & Assumption Agreement
> >
> >
> > Hello Anna,
> >
> > Cheryl Lewis says that I should send the guaranty to you, not to her.  I
> > will send the original overnight to you but you got the faxed copy
> right?
> >
> > When I am in New York, I will call you to take you to lunch.
> >
> > Cheryl Nelson
> > Senior Counsel
> > EB3816
> > (713) 345-4693
>
>
> ***********************************************************************
> Bear Stearns is not responsible for any recommendation, solicitation,
> offer or agreement or any information about any transaction, customer
> account or account activity contained in this communication.
> ***********************************************************************
>
>
>
>
>

#****************************************************************
Bear Stearns is not responsible for any recommendation, solicitation,
offer or agreement or any information about any transaction, customer
account or account activity contained in this communication.
***********************************************************************


Start Date: 10/6/01; HourAhead hour: 3;  No ancillary schedules awarded.  Variances detected.
Variances detected in Energy Import/Export schedule.
Variances detected in SC Trades schedule.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final Schedules\2001100603.txt

Error retrieving HourAhead price data - process continuing...
---- Energy Import/Export Schedule ----
$$$ Variance found in table tblINTCHG_IMPEXP.
     Details: (Hour: 3 / Preferred:   0.00 / Final:  28.11)
  TRANS_TYPE: FINAL
  SC_ID: ECTRT
  MKT_TYPE: 2
  TRANS_DATE: 10/6/01
  TIE_POINT: MALIN_5_RNDMTN
  INTERCHG_ID: EPMI_CISO_ONE
  ENGY_TYPE: WHEEL
$$$ Variance found in table tblINTCHG_IMPEXP.
     Details: (Hour: 3 / Preferred:   0.00 / Final:  28.09)
  TRANS_TYPE: FINAL
  SC_ID: ECTRT
  MKT_TYPE: 2
  TRANS_DATE: 10/6/01
  TIE_POINT: FCORNR_5_PSUEDO
  INTERCHG_ID: EPMI_CISO_ONE
  ENGY_TYPE: WHEEL

---- SC Trades Schedule ----
$$$ Variance found in table tblInt_Interchange.
     Details: (Hour: 3 / Preferred:  25.00 / Final:  24.97)
  TRANS_TYPE: FINAL
  SC_ID: EPMI
  MKT_TYPE: 2
  TRANS_DATE: 10/6/01
  TRADING_SC: PAC1
  PNT_OF_INTRC: NP15
  SCHED_TYPE: ENGY
  PURCH_SALE: 2
  DEAL_NO: 1


Robert, it has been a pleasure to work with you and each of the Enron
representatives.  We have been impressed with the organization and its
people.  David

-----Original Message-----
From: Eickenroht, Robert [mailto:Robert.Eickenroht@enron.com]
Sent: Friday, October 19, 2001 2:14 PM
To: joseph.cialone@bakerbotts.com; david.burns@bakerbotts.com;
elizabeth.guffy@bakerbotts.com; james.maloney@bakerbotts.com;
d.bristow@bakerbotts.com
Cc: Derrick Jr., James; Muller, Mark S.
Subject: NewPower

The B&B Working Group:

Thank you for your help in closing the NewPower collateral substitution
and for your advice along the way.  I know it was trying on all of us,
and I appreciate your professionalism, hard work, sacrifice and
patience.  You all did a great job and please thank the other B&B team
members who supported us!

Hopefully we will have a reprieve before any more crises.

Thanks again and have a great weekend!
Robert

**********************************************************************
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.
**********************************************************************


Kevin,

Don't forget about us down here in the dusty old gas trading business!

Congratulations,

Fletch


FYI, a Master Firm Purchase/Sale Agreement for Crosstex Energy Services, Ltd.
is fully executed as of May 10, 2000, and routed  to Contract Administration
for  handling.

DP


Join us for a drink or two (or three) tomorrow at Ninfa's around 3:30 p.m.

      Please remember the stealth mode when departing tomorrow.

				THANKS GUYS!

<Embedded Picture (Metafile)>


What exactly will we buy with ibuyit?  I am not sure what level and what dept I should choose from.


thanks.  Can you provide me with the appropriate signature block for ENA/ECT
Investments Inc. through the agent?

	Mahesh Lakhani
	10/04/2000 10:01 AM

		 To: Sara Shackleton/HOU/ECT@ECT
		 cc: Paul Simons/LON/ECT@ECT, John Greene/LON/ECT@ECT, Janine
Juggins/LON/ECT, Cindy Buckley/LON/ECT@ECT
		 Subject: Re: U.K. arranger for ENA and ECT Investments, Inc.

Sara.   It has been formed.  Enron Investment Services Ltd was set up on
3/10/00

Regards
Mahesh

Janine Juggins
04/10/2000 15:10
To: Sara Shackleton/HOU/ECT@ECT, Mahesh Lakhani/LON/ECT@ECT
cc: Paul Simons/LON/ECT@ECT, John Greene/LON/ECT@ECT

Subject: Re: U.K. arranger for ENA and ECT Investments, Inc.

Mahesh, please can you update Sara on the status (I think it has been formed,
but Mahesh will confirm)
Regards
Janine

From: Sara Shackleton on 04/10/2000 08:19 CDT
To: Janine Juggins/LON/ECT@ECT, Paul Simons/LON/ECT@ECT
cc: John Greene/LON/ECT@ECT

Subject: U.K.  arranger for ENA and ECT Investments, Inc.

Any word yet on creation of the new entity?  Sara


Elena,

Yesterday's list of in the money CP's did not change.  We will forward a list of out of the money CP's shortly.  We will also send IT the list so that they can begin moving them to another book.  There are appox 140 CP's so the move will take some time.

DG


This one tickled me.  SRS

> Hillary Clinton died and went to  heaven. As she stood in front of St.
> Peter at the Pearly  Gates, she saw a HUGE wall of clocks behind him.
> She asked, "What are the reasons for all those clocks?"
>
> St. Peter answered,  "Those are Lie-Clocks. ... Everyone on Earth has
a
> Lie-Clock.  Every time you lie, the hands on your clock will move."
>
> "Oh,"  said Hillary, "whose clock is that?"
>
> "That's Mother Teresa's.  The hands have never moved, indicating that
> she has never told a  lie in all her long life."
>
> "And whose clock is that?", said  Hillary.
>
> "That's Abraham Lincoln's clock. The hands have only moved twice,
> telling us that Honest Abe only told 2 lies in his entire life."
>
> "Where's Bill's clock?" Hillary  asked.
>
> "Bill's clock is in Jesus' office.  He's using it as a ceiling fan.


Dear Friend,

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Friend, it's urgent that you call and find out what money may be coming your way! Don't miss what could be your once-in-a-lifetime chance to live without any financial worries! Call now, 1-800-728-9849.

With love and hope,
Miss Cleo

P.S. Please do not share this number with anyone!
It's a reserved number that's meant for you, friend.
Dial 1-800-728-9849.

Must be 18+. For entertainment purposes only.

em5000.net/unsub.php


NGX owes us a lot of money on Deceber 25th.  Please send me an  email when we
receive it.

Thanks

John


This is an update of the Email below.  With respect to DOE efforts to draft
electricity legislation, a list of potential items for the bill are being
discussed this afternoon with Secretary Abraham.  DOE hopes to have a draft
bill submitted to the White House by Friday, June 15, for consideration by
the VP Task Force.   Similar to efforts other private sector parties are
undoubtedly taking, I would like to submit to DOE our suggestions for the
legislation.  As mentioned below, this bill will not include open access, but
there are issues related to access which we may want to submit to DOE such as
how to deal with non-jurisdictional entities.  Other topics on which we may
want to submit legislative language are PUHCA (the reporting requirements),
interconnection, reliability, negawatts, RTO ownership issues, and eminent
domain.  DOE seem very willing to deal with the non-jurisdictional entities,
either in the rulemaking context or by legislation.  Tom Briggs will be
following up with appropriate folks on this project.   If you have any other
ideas for this effort, please let us know ASAP.

	Linda Robertson
	06/07/2001 12:03 PM

		 To: Steven J Kean/NA/Enron@Enron, Richard Shapiro/NA/Enron@Enron, James D
Steffes/NA/Enron@Enron, Mark Palmer/Corp/Enron@ENRON, Sarah
Novosel/Corp/Enron@ENRON, John Shelk/NA/Enron@Enron, Pat
Shortridge/Corp/Enron@Enron
		 cc: (bcc: Linda Robertson/NA/Enron)
		 Subject: Administration Energy Plan:  Next Steps

(Please do not circulate or discuss the information on this Email outside the
parties listed here.)

Debate within the Administration on implementation of its energy plan appears
to be settled.  This debate was prolonged because of change in control of the
Senate.  The Administration has decided to transmit to Congress by mid-June a
comprehensive letter containing an inventory of energy plan recommendations
requiring legislative action.  I understand that legislative language will
not be transmitted in connection with this letter.  Soon after receipt of the
letter, the President will host a meeting at the White House of bipartisan
congressional leaders and some key committee chairs and ranking Members.  The
purpose of the meeting will be to convey to Congress the imperative of acting
quickly on the President's plan and it will serve as an official launch of
the legislative effort and the Administration's efforts to work with Congress
on the plan.

In the meantime, the Departments and Agencies are already drafting parts of
the energy plan.  For example, we have been told by DOE that they are
presently drafting an electric restructuring bill.   I have calls into DOE to
find out more about their efforts and the specific provisions to be included
in such legislation.  We have learned that "open access" will not be in this
legislation, as the President's report instructs FERC to undertake the
project.  Thus, the Administration continues to believe that legislation is
not needed for the core open access provisions and that this is a matter they
understand will be at the top of Pat Wood's agenda.  Among other items, one
question we will probe with DOE is whether the electricity legislation will
contain access provisions pertaining to entities presently outside FERC's
jurisdiction.

At present, it does not appear that the various provisions being drafted by
the agencies will be bundled into single transmission from the Administration
to the Hill.  Instead, the VP's task force intends to have these legislative
drafts ready to provide relevant committees at the appropriate time.  This
part of the implementation plan, of course, could change.

As for Pat Wood, we continue to receive confirmation from Hill and Executive
Branch sources that the White House intends to designate Mr. Wood as FERC
Chair.   Timing of the switch remains unclear.  Our latest information
suggests it could be September 1.  Many parties are suggesting to the White
House that the change should take place earlier than that date.

We have efforts underway to structure our position on a possible open access
rulemaking.  A few folks on this email will be talking with Dan Watkiss today
about such a proposal.


The information contained herein is based on sources that we believe to be
reliable, but we do not represent that it is accurate or complete.  Nothing
contained herein should be considered as an offer to sell or a solicitation
of an offer to buy any financial instruments discussed herein.  Any
opinions expressed herein are solely those of the author.  As such, they
may differ in material respects from those of, or expressed or published by
on behalf of Carr Futures or its officers, directors, employees or
affiliates.  ? 2001 Carr Futures

The charts are now available on the web by clicking on the hot link(s)
contained in this email. If for any reason you are unable to receive the
charts via the web, please contact me via email and I will email the charts
to you as attachments.

Distillate     http://www.carrfut.com/research/Energy1/hoil20.pdf
Unleaded     http://www.carrfut.com/research/Energy1/unlded20.pdf

Daily Energy Letter
http://www.carrfut.com/research/Energy1/Energy-Letter1-23-02.pdf


I'm checking with Chris Foster and Chris Mallory, who are apparently the ones
initiating these trades. Both are out of the office right now, so it might be
tomorrow before I can get back to you on this. But my guess is that if APX
does not want to receive confirms on daily deals, then we don't need to send
them. I'll let you know for sure as soon as I talk to the traders.

Thanks,
Kate

From: Kimberly Allen on 03/29/2001 03:52 PM CST
To: Kate Symes/PDX/ECT@ECT
cc:
Subject: Automated Power Exchange

Hey Kate! I received a phone call from a Jim Cross from Automated Power
Exchange. Now that we are confirming daily's he mentioned that he did not
want to receive dailys per the APX Master Agreement. He told me that all
trades are anonimus under the APX agreement and we should not be confirming
theses. Examples: #563948 and #563381. Some of the trader doing these trades
are Chris Mallory and Les Rawson. Could you ask them is we should continue to
confirm these daily's or not?

Thanks

Kimberly

Enron Power Marketing, Inc.
Kimberly Indelicato Office:713-853-3031
Trading Support Fax:713-646-2443
kallen3@enron.com


Please remove the pre-offsite meetings with Greg Piper from your calendars:

Sally - Today at 2:30 p.m.
Beth - Friday at 8:30 a.m.
Tom - Friday at 9:00 a.m.

Sally, Beth and Tom will be presenting on mid/back office together at the Management Offsite on May 30.  I need to schedule a meeting for Sally and Beth to meet with Greg.  Patti and Cheri, please forward availability for tomorrow and Thursday for a 1-hour meeting with Greg.

Brenda, please let Tom know that Sally and Beth will start working on the presentation and Tom can catch up with them when he gets back on Friday.

Thanks,

Tina Spiller
Assistant to Greg Piper
Chief Operating Officer
Enron Net Works LLC
Office 713.853.5746
tina.spiller@enron.com


---------------------- Forwarded by Mary Hain/HOU/ECT on 02/08/2001 12:12 PM
---------------------------

	Enron Capital & Trade Resources Corp.

	From:  "Fergus, Gary S." <GFergus@brobeck.com>
02/08/2001 11:53 AM

To: "A. William Urquhart (E-mail)" <awu@qeuo.com>, "Alan Z. Yudkowsky
(E-mail)" <ayudkowsky@strook.com>, "Andrzej Kabarowski (E-mail)"
<andrzej_kabarowski@cargill.com>, "Antoine P. Cobb (E-mail)"
<antoine.cobb@troutmansanders.com>, "Arlen Orchard (E-mail)"
<aorchar@smud.org>, "Blair R. Strong (E-mail)" <rbstrong@painehamblen.com>,
"Brian Currey (E-mail)" <bcurrey@omm.com>, "Cheryl Feik Ryan (E-mail)"
<cfr@vnf.com>, "Cliff Gunter (E-mail)" <cgunter@bracepatt.com>, "D. Russo
(E-mail)" <drusso@reliantenergy.com>, "David Perlman (E-mail)"
<dmperlman@powersrc.com>, "Davis Smith (E-mail)" <wdsmith@sempra.com>,
"Dennis Vermillion (E-mail)" <dvermillion@avistaenergy.com>, "Don Garber
(E-mail)" <dgarber@sempra.com>, "Donn Pickett (E-mail)" <dpickett@mdbe.com>,
"Douglas Butz (E-mail)" <dmbutz@butzdunn.com>, "Douglas Thorpe (E-mail)"
<thord@perkinscoie.com>, "Elizabeth Sager (E-mail)"
<elizabeth.sager@enron.com>, "Fred Yanney (E-mail)" <Fyanney@fulbright.com>,
"Gary D. Bachman (E-mail)" <gdb@vnf.com>, "Gary Keltner (E-mail)"
<gkeltner@jsslaw.com>, "Gordon P. Erspamer (E-mail)" <gerspamer@mofo.com>,
"Harry A. Olivar Jr. (E-mail)" <hao@quinnemanuel.com>, "Howard E. Shapiro
(E-mail)" <hes@vnf.com>, "J. Matthew Derstine (E-mail)"
<mderstine@rhd-law.com>, "Jane Alfano (E-mail)" <jdalfano@srpnet.com>, "Jean
Frizzell (E-mail)" <jfrizzell@gibbs-bruns.com>, "Jeffrey D. (Dan) Watkiss
(E-mail)" <dwatkiss@bracepatt.com>, "Joe Paul (E-mail)" <jmpa@dynegy.com>,
"Joel Newton (E-mail)" <joel.newton@dynegy.com>, "John Fryer (E-mail)"
<john.fryer@pacificorp.com>, "John Heath (E-mail)" <jheath@fulbright.com>,
"John W. Stamper (E-mail)" <jstamper@omm.com>, "Joseph R. Tiffany (E-mail)"
<jtiffany@pillsburywinthrop.com>, "Katalin Kiss (E-mail)"
<katalin_kiss@transalta.com>, "Ken Irvin (E-mail)" <kirvin@mofo.com>, "Kjehl
Johansen (E-mail)" <kjohan@dwp.ci.la.ca.us>, "Marvin Goldstein (E-mail)"
<mgoldstein@stroock.com>, "Mary C. Hain (E-mail)" <mary.hain@enron.com>, "Mel
Brosterman (E-mail)" <mbrosterman@stroock.com>, "Michael Helms (E-mail)"
<mghelms@jsslaw.com>, "Nancy Loftin (E-mail)"
<nancy.loftin@pinnaclewest.com>, "Nolan Steiner (E-mail)"
<nolan.steiner@avistacorp.com>, "Paul Fox (E-mail)" <pfox@bracepatt.com>,
"Per J. Ramfjord (E-mail)" <paramfjord@stoel.com>, "Perry L. Steele (E-mail)"
<psteele@coral-energy.com>, "Peter Jazayeri (E-mail)"
<pjazayeri@stroock.com>, "Phillip Fantle (E-mail)"
<phillip_fantle@cargill.com>, "Randy McManus (E-mail)"
<rmcmanus@bakerbotts.com>, "Randy Osteen (E-mail)" <rosteen@powersrc.com>,
"Raymond Heyman (E-mail)" <rheyman@rhd-law.com>, "Richard B. Sanders Esq.
(E-mail)" <richard.b.sanders@enron.com>, "Richard Beitler (E-mail)"
<rbeitler@sempratrading.com>, "Richard Josephson (E-mail)"
<rcjosephson@stoel.com>, "Robert Loeffler (E-mail)" <rloeffler@mofo.com>,
"Ronald Carroll (E-mail)" <rcarroll@bracepatt.com>, "Shari Stack (E-mail)"
<sstack@enron.com>, "Sterling Koch (E-mail)" <sterling_koch@transalta.com>,
"Susan Bishop" <sbishop@gibbs-bruns.com>, "Thomas Heftler (E-mail)"
<theftler@stroock.com>, "Tim Bolden (E-mail)"
<Timothy.Bolden@pinnaclewest.com>
cc:
Subject: supplemental reply brief

Here is the word version of the supplemental reply brief.

Thanks.
Gary

 <<supp.reply.brief.doc>>

=======================================================
This email message is for the sole use of the intended recipient(s) and may
contain confidential and privileged information. Any unauthorized review,
use, disclosure or distribution is prohibited. If you are not the intended
recipient, please contact the sender by reply email and destroy all copies of
the original message.

To reply to our email administrator directly, send an email to
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 - supp.reply.brief.doc


Joe and I would love to attend the bowling party.  We would like to have
prawns for dinner.  We are arriving on Friday at 1:30 so we shouldn't have a
problem being there.

Does Joe need to being his suit for Saturday night?


More info for your file and use.

Kay
---------------------- Forwarded by Kay Mann/Corp/Enron on 11/30/2000 08:05
AM ---------------------------

Eric Boyt
11/29/2000 03:57 PM
To: Kay Mann/Corp/Enron@Enron
cc:

Subject: Re: Turbine Serial Numbers for UCC filing

Thanks.  Attached is the official GE numbers.  Hopefully they match up.....

Eric

Kay Mann
11/29/2000 12:46 PM
To: Eric Boyt/Corp/Enron@Enron
cc:

Subject: Re: Turbine Serial Numbers for UCC filing

Here's how the numbers are being handled in another LM deal.
---------------------- Forwarded by Kay Mann/Corp/Enron on 11/29/2000 12:46
PM ---------------------------

Tracee Bersani@ECT
11/28/2000 03:26 PM
To: Cheryl Lipshutz/HOU/ECT@ECT
cc: Kay Mann/Corp/Enron@Enron, Peter N
Anderson/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, robtaylor@andrews-kurth.com,
Roseann Engeldorf/Corp/Enron@ENRON

Subject: Re: Turbine Serial Numbers for UCC filing

Here it is.

Regards
Tracee

From: Cheryl Lipshutz on 11/28/2000 03:24 PM
To: Tracee Bersani/HOU/ECT@ECT
cc: Kay Mann/Corp/Enron@Enron, Peter N
Anderson/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, robtaylor@andrews-kurth.com,
Roseann Engeldorf/Corp/Enron@ENRON
Subject: Re: Turbine Serial Numbers for UCC filing

Tracee,
Aren't there 8 LM 6000 turbines?  If so, do you have the serial numbers to
the last two ones?

	Tracee Bersani
	11/28/2000 02:59 PM

		 To: robtaylor@andrews-kurth.com, Kay Mann/Corp/Enron@Enron
		 cc: Cheryl Lipshutz/HOU/ECT@ECT, Peter N
Anderson/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
		 Subject: Turbine Serial Numbers for UCC filing

Rob/Kay,
As discussed in today's meeting, I have the turbine serial numbers for you:

1.  LM 6000 Serial numbers:

Regards,
Tracee
713-345-5688


Richard, FYI.  I will be trying to set up a meeting today with Alan
Aronowitz,John Nowlan, you and me to discuss.  Deborah, please print out and
file.

        B.K.D.
----- Forwarded by Britt Davis/Corp/Enron on 08/02/2000 09:02 AM -----

	Matthias Lee@ECT
	08/02/2000 05:12 AM

		 To: Britt Davis/Corp/Enron@ENRON
		 cc: Alan Aronowitz/HOU/ECT@ECT, Harry M Collins/HOU/ECT@ECT,
david.best@clyde.co.uk, ngregson@wfw.com, Angeline Poon/SIN/ECT@ECT
		 Subject: PACIFIC VIRGO - FRT CHASER

Britt

Would be grateful for your instructions on whether  we are authorised to
respond to Owners as regards freight in the manner suggested by David.

Regards
Matt
---------------------- Forwarded by Matthias Lee/SIN/ECT on 08/02/2000 06:05
PM ---------------------------

Eric Tan
08/02/2000 01:09 PM
To: Matthias Lee/SIN/ECT@ECT
cc: "Clifford Bennett" <minton@singnet.com.sg>, Richard
Slovenski/SIN/ECT@ECT, Angeline Poon/SIN/ECT@ECT, Victor
Santos/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, John Chismar/SIN/ECT@ECT, Carol
Chew/SIN/ECT@ECT, ngregson@wfw.com, Michael J Gasper/HOU/ECT@ECT, John H
Harrison/HOU/ECT@ECT, James P Studdert/HOU/ECT@ECT, Alan
Aronowitz/HOU/ECT@ECT, Michael Philips/HOU/ECT@ECT, Michael A
Robison/HOU/ECT@ECT, Harry M Collins/HOU/ECT@ECT, Graham Cane/LON/ECT@ECT,
Wietze Dingeldein/LON/ECT@ECT, Britt Davis/Corp/Enron@ENRON,
david.best@clyde.co.uk

Subject: PACIFIC VIRGO - FRT CHASER

Another  chaser from  Owners of Pacific Virgo requesting an immediate respond
from Enron on the freight payment.

---------------------- Forwarded by Eric Tan/SIN/ECT on 02/08/2000 13:05
---------------------------

"Helen Cheo"<tankers@ssysin.com.sg> on 02/08/2000 12:06:20
To:
cc:
Subject: PACIFIC VIRGO - FRT CHASER

Date: 02/08/2000 12:06:20
Ref: HC580581

02AUG00

PACIFIC VIRGO/ENRON  CP 13JUN00
===
FLWG  RCVD

//QTE//

TO : SSY SPORE
ATTN : MR. JOHN DWANE / MS. HELEN CHEO

ASPER BLW MSG YESTERDAY, OWNERS STRONGLY REQUESTING CHRTS
TO MAKE A REPLY BY RETURN.

QTE

Please pass the following to the Chtrs/Enron.

Qte;
Attn:Mr.Eric Tan - Director,Operations
     Enron Capital & Trade Resources Singapore Pte Ltd

Aug/01,2000

As per telecon this afternoon between Mr.Eric Tan and Ishibashi,
as Mr.Eric Tan promised, please explain the reasons of freight
payment
delayed for our Pacific Virgo - 2nd voyage(Batangas/Yosu)and advise
us
the date of such freight payment, by tomorrow(Aug/02)morning.

We as the Owners hereby reserve the right to claim all consequence(s)
of loss/damage arising from the delayed payment, including
the interest(s)payable from the due date of the freight.

Your immediate reply would be appreciated.

Thanks and Regards

Mitsubishi Corporation as Owners of Pacific Virgo
Unqte;

Regards.
M.Ishibashi / NF-C
Mitsubishi Corporation Tokyo

//UNQTE//

BRGRDS
HELEN CHEO


Jim:

On our conference call on Friday afternoon, we discussed contacting those people we knew of at that time to make contacts.  After we hung up from the call, we received the FERC notice, so now we know everyone on the panels.  We will go over the additional names, but if you know Peter Cramton and John Meyer (we did not have them on our preliminary list on Friday), would you like to contact them?  I know John Meyer from EPSA but I do not know Peter Cramton.

We (the RTO Team) are circulating via email today our thoughts on issues that should be addressed in each panel (and the outcomes we want to see), and once we get that consolidated list put together, that will give us "talking points" to talk to the panelists about.

We also need to talk about coverage of the meetings.  Give me a call when you get a chance.

Sarah

 -----Original Message-----
From: 	Steffes, James D.
Sent:	Monday, October 08, 2001 9:01 AM
To:	Novosel, Sarah
Subject:	RE: FERC Notice for RTO Week Panels

Sarah --

Should we try and lobby any of these witnesses prior to next week?  I was thinking about John Meyer and Peter Cramton specifically.

Jim

 -----Original Message-----
From: 	Novosel, Sarah
Sent:	Friday, October 05, 2001 4:57 PM
To:	Kean, Steven J.; Shapiro, Richard; Robertson, Linda; Steffes, James D.; Shelk, John; Shortridge, Pat; Landwehr, Susan M.; Nord, Sue; Guerrero, Janel; Hueter, Barbara A.
Subject:	RE: FERC Notice for RTO Week Panels

In case you could not open the notice in Word Perfect, here it is in Word.  Sorry for the problems.

 << File: Notice on Panels.doc >>

 -----Original Message-----
From: 	Novosel, Sarah
Sent:	Friday, October 05, 2001 5:53 PM
To:	Kean, Steven J.; Shapiro, Richard; Robertson, Linda; Steffes, James D.; Shelk, John; Shortridge, Pat; Landwehr, Susan M.; Nord, Sue; Guerrero, Janel; Hueter, Barbara A.
Subject:	FERC Notice for RTO Week Panels

 << File: Notice on Panels.WPD >>


--

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Social Events for Evening MBA Students


New Address for Ken Seaman

buylow@houston.rr.com

Later

Ken
 - att1.htm


---------------------- Forwarded by Kay Mann/Corp/Enron on 04/04/2001 04:58
PM ---------------------------

John Moore
04/04/2001 04:30 PM
To: RSmith@brownsville-pub.com, jdavidson@davidsontroilo.com,
jbruciak@brownsville-pub.com, jlocke@brownsville-pub.com
cc: Mitch Robinson/Corp/Enron@Enron, Kay Mann/Corp/Enron@Enron, Drew
Tingleaf/Enron@EnronXGate

Subject: Letter of Intent

Gentlemen,

I have received a fax confirmation of Mr. Bruciak's execution of the
Confidentiality Agreement this afternoon.  Thank you.

Attached is a draft Letter of Intent ("LOI") pertaining to our discussions
about the feasibility and development of an approximate 500 MW power station
sited at or near the Port of Brownsville.  The LOI is structured similarly to
the existing Participation Agreement, wherein BPUB and ENA exclusively
collaborate to investigate the feasibility of the power station and secure a
suitable site, if justified.  It is proposed that ENA cover the costs of the
development effort, including permitting and site acquisition, with such
costs being eventually treated as either Project construction costs or
operating costs, depending upon the nature of the expense.  I have also
proposed that ENA pay BPUP a $10,000 Consulting Fee to cover any outside
expenses associated with the drafting and execution of this agreement and the
site option agreement(s).  The proposed term of the LOI expires 31 December
2001, unless either of us determines earlier that the joint effort will not
be successful.  During the term of the LOI, it is proposed that BPUB and ENA
will determine and agree upon an appropriate Project equity participation and
finance structure.

Something we may want to consider is the transfer of BPUB's equity in the
Oklaunion plant in exchange for equity in the new Cameron County plant.  This
would be especially appealing if BPUB's interest in Oklaunion also included
switching rights through the nearby DC Tie and if there are additional
Oklaunion interests available with DC Tie switching rights.

Please let know a convenient time when we talk through the proposed LOI and
address any of your questions.

JMoore


Guz,

Just checking to see if we are still on for the game this weekend?

let me know,

Rick

_____________________________________________________________
http://www.osubeavers.com - The Official Athletic Site of Oregon State
Beaver Fans! Get your FREE email at --> http://mail.osubeavers.com!


Realtime group-
This occurs when your H drive is not mapped.  To fix the mapping, follow the instructions at:

http://172.17.172.62/rt/tips/mapHdrive.html

Hope this helps!

John Oh
Enron North America		503.464.5066
121 SW Salmon Street		503.701.1160 (cell)
3WTC 0306			503.464.3740 (fax)
Portland, OR 97204			John.Oh@Enron.com

 -----Original Message-----
From: 	Anderson, John
Sent:	Wednesday, January 30, 2002 10:49 PM
To:	Oh, John
Subject:	Profile Error Again

I had a problem with CAPS again (profile error).  Last time you said that is was a problem with the mapping of the H: drive.  Login:  janders3

JohnAnderson
Realtime


if the number last week was right, then that looks possible.  however, 2 weeks ago the # came out higher than everybody thought so all the models were jacked up.  aga is certainly much better than the api but still cant put too much into one number

-----Original Message-----
From: Fraser, Jennifer
Sent: Monday, July 30, 2001 8:15 AM
To: Arnold, John
Subject: AGA below 70

what do you think of a 63 aga?

-----Original Message-----
From: Arnold, John
Sent: Mon 7/30/2001 8:11 AM
To: Fraser, Jennifer
Cc:
Subject: RE:

think trade reluctant to sell here until they see aga on wednesday and knowing that tropical activity will develop at some point.  however, think the failure from 335 last thursday will weigh on people.  think that nobody wants to own above 325, only as very short term trade to sell to someone else 5-10 cents higher unless aga is very bullish.

-----Original Message-----
From: Fraser, Jennifer
Sent: Monday, July 30, 2001 8:01 AM
To: Arnold, John
Subject: RE:

I like it. But I am the minority. relative to nat gas I think HO has greter propensity to spike. right now I am working on just such analysis -will have details late rthis week.  I will probably spread TZ6 or NYMEX vs HO (going long the ho portion). Remember that unlike NG, about 90-92% of HO is made on demand -so stocks are not as important. also I think relative to NG HO sotcks are lower in that we are not headed to all time highs lin ho like we are in ng.also EUrope had ver vey warm winter last year. Reversion to norm especially in early (nov-mar) could keep things tighter if arb opens to EC.
We are beginning to see run cuts. I think OPEC is serious.
what si your view on ng t this week and next?
-----Original Message-----
From: Arnold, John
Sent: Mon 7/30/2001 7:39 AM
To: Fraser, Jennifer
Cc:
Subject:

what's your longer term 3-12 month view of heat?  thinking about buying against short natty for next summer.


-----Original Message-----
From: Herrera, Ignacio
Sent: Wednesday, June 27, 2001 9:54 AM
To: Abbott, Todd; Weygandt, Andrew; Glover, Rusty; Beard, Jaime;
Woodson, Todd; Ratzman, Eric; Eckermann, Derrek; Walker, Sam
Subject: FW: A&M and ESPN
For Immediate Release
June 26, 2001
ESPN TO LAUNCH SIDELINES NETWORK'S SECOND REALITY-BASED SERIES TO
PREMIERE WITH TEXAS A&M FOOTBALL
ESPN will launch a 13-episode, prime-time series this fall entitled
Sidelines, the network's second reality-based title under the ESPN
Original
Entertainment  (EOE) banner.  Sidelines will document the season of a
prominent team as told through the eyes and ears of the less visible,
less
celebrated people who are involved with the team.  The football Aggies
of
Texas A&M will be the focus of the series' premiere episodes to begin
October 5.
"Coach Slocum and I made the decision to be a part of this exciting
venture
with ESPN," Texas A&M Athletics Director Wally Groff said.  "We couldn't
be
more thrilled that ESPN has chosen Texas A&M for this series.  The
opportunity ESPN gave us to showcase this wonderful institution and all
of
its tradition and heritage is something we could not pass up."
In a "docu-drama" style, the various stories that surround the team will
be
explored through the voices and actions of people whose day-to-day lives
are
directly affected by living in the town and/or going to the school.
Players
and coaches will also be visible and heard from in a more peripheral
fashion, but will not be the primary focus.
"This is a good opportunity for Texas A&M University and we're delighted
ESPN decided to feature the football program and some of the people
behind
the scenes," Head Coach R.C. Slocum said. "We look forward to working
with
them."
The participants will be drawn from a cross section of people who
reflect
every aspect of the University and College Station, Texas.  They will be
students, faculty, media, local storeowners, mothers, fathers and some
of
the high school seniors who aspire to attend the University.
"Each person has a role to play with the team, as well as a personal
story,"
said Mark Shapiro, vice president and general manager, ESPN Original
Entertainment.  "Sidelines will see each person grow in character as the
season progresses -- a kind of 'soap-umentary.' We'll weave the smaller
personal stories together through the bigger story of the progression
and
fate of the team and its season."
SIDELINES: TEXAS A&M STORYLINES
--This is the 125th anniversary of the school's founding (1876).
--The community is still very much dealing with the 1999 bonfire
collapse
which tragically killed 12 students almost two years ago.  A 90-year
tradition came to a tumultuous end.  Dealing with the loss and the
emotional
toll it took on faculty members, students and families will be an
important
part of this series.  The bonfire will return in 2002 but will take on a
different form than has been tradition.
--Texas A&M, who lost a wild, snowy Independence Bowl last year in
overtime
to Mississippi State 43-41, will play Notre Dame (at home), Texas,
Oklahoma,
Kansas St and Colorado next year.  A tough schedule will provide for
great
drama.
--The school invented the phrase "12th Man" and actually owns the
trademark.
One game, the Aggies were low on players and had a student suit up and
stand
ready just in case he was needed. Ever since, a student is chosen for
every
home game to suit up and play on the kickoff team.
--Billy Pickard is in charge of maintaining the facilities. He's been at
the
University for 36 years and was the student trainer for Bear Bryant's
A&M
team. He was actually in Junction, Texas for Bryant's infamous grueling
summer camp. The story of it was a best-selling book, The Junction Boys.
--At midnight on the Friday night before every home game, A&M students
gather at the stadium for what is called "Midnight Yell Practice;"
30,000
fans show up each week for this time-honored tradition.
EOE, the newest franchise of ESPN Programming, will develop a
wide-variety
of branded programming outside of the network's traditional event and
sports
news genres. Using a collection of vehicles -- game shows, documentaries
or
reality-based shows - it's ESPN's goal to broaden its audience by
appealing
to younger and casual sports fans.  In addition, the company is
exploring
new ways to connect with consumers by applying these projects across all
platforms of the ESPN family - television, Internet, radio
-aTm-


sara:
One of the Japanese banks that we are dealing with wants the enclosed
language in the schedule.  This is very similar to our forward rate agreement
language.    Have you ever seen this before?

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


Tana,
I didn't have much luck with the gentlemen in London.  His counterpart in the
US is Jim Paul and he'll try to get it signed.  I wasn't sure if you need to
change anything in the document for the US.  Please email a revised copy to
jpaul@carrfut.com.  His mail address is Carr Futures, Inc., One World Trade
Center, 92nd Floor, NY, NY 10048.

Thanks,

Dan
---------------------- Forwarded by Daniel Diamond/HOU/ECT on 03/07/2001
09:46 AM ---------------------------
From: Tana Jones on 02/22/2001 10:41 AM
To: mthomas@carrfut.com
cc: Daniel Diamond/HOU/ECT@ECT, Mark Greenberg/NA/Enron@ENRON
Subject: NDA - Carr Futures, Inc.

At the request of Dan Diamond, I am attaching our proposed form of
Non-Disclosure Agreement.   If the enclosed meets with your approval, please
execute the agreement and return it to me via fax no. (713) 646-3490.  I will
then have it executed by an officer of EnronOnline.  If you have any comments
or questions please do not hesitate to call me at (713) 853-3399, or Mark
Greenberg, Senior Counsel, at (713) 345-8897.  We look forward to hearing
from you.


Hi there.

I am attaching for the group's consideration a red line that I ran comparing
the current working draft (v4) with the draft John R. recently circulated to
Tax and Insurance.

I suggest that Pete Thompson keep the typewriter on this.  We are getting so
close to the end, I would really like to try to avoid confusion.

I am also attaching a clean copy of the current active version, and the
current list of issues under consideration.  I suggest we work through this
list and turn another draft before soliciting Cris/Herman and Lisa's
comments.  We should also give the ENA commercial reps the opportunity to
review it at that time.

Kay


Executive Committee Weekly Meeting
Date:  Monday, October 16
Time:  11:00 a.m. (CDT)
Location: 50th Floor Boardroom
Video:  Connections will be established with remote locations upon request.
Conf call: AT&T lines have been reserved.  Please contact Sherri Sera
(713/853-5984)
  or Katherine Brown (713/345-7774) for the weekly dial-in number and
passcode.

Please indicate below whether or not you plan to attend this meeting and
through what medium.

 Yes, I will attend in person _______

 By video conference from _______

 By conference call  _______

 No, I will not attend  _______

*  *  *

Please return this e-mail to me with your response by 12:00 p.m., Friday,
October 13.

Thank you,
Katherine


Mike:

We are still waiting on a credit worksheet from Credit.  We can't proceed without a worksheet.

Marie

 -----Original Message-----
From: 	Robison, Michael A.
Sent:	Wednesday, September 05, 2001 2:18 PM
To:	Heard, Marie
Cc:	Friedman, Richard
Subject:	FW: American Air ISDA

Marie:
Could you check on the status of this for us.
Thanks very much,
Mike

 -----Original Message-----
From: 	Friedman, Richard
Sent:	Wednesday, September 05, 2001 2:15 PM
To:	Robison, Michael A.
Subject:	American Air ISDA

Mark Taylor is out through the 16th - do you know of any progress on this?

Rich Friedman
Enron Global Markets LLC
richard.friedman@enron.com
713-853-5137


The data I sent was  from our Sim-Lab.  It is the same format as data tested
from Klondike.  A minor change is the folder name that stores all the
download data will be changed to the date instead of day of the week i.e
Jun282002 8_00_00   instead of Friday 8_00_0.

Kim


if you insist...

From: Claudette Harvey/ENRON@enronXgate on 06/01/2001 03:35 PM
To: Kay Mann/Corp/Enron@Enron
cc:

Subject: FW: We'll Miss You Steffy.......

why don't you come?

claude

 -----Original Message-----
From:  Harvey, Claudette
Sent: Thursday, May 31, 2001 4:43 PM
To: Lalji, Farouk
Subject: FW: We'll Miss You Steffy.......
Importance: High

here you go.......

 -----Original Message-----
From:  Harvey, Claudette
Sent: Thursday, May 31, 2001 4:10 PM
To: Gardner, Stephanie
Subject: FW: We'll Miss You Steffy.......
Importance: High

 -----Original Message-----
From:  Harvey, Claudette
Sent: Thursday, May 31, 2001 3:22 PM
To: Yzaguirre, Max; Duffy, Matthew; Sabine, Marc; Helton, Susan; Vu, Nancy
H.; Ogden, Mary; Rimbau, Robert W.; Cavazos, Manuel; Ramirez, Garibaldis;
McCaig, Duncan; Tingleaf, Drew; Ahn, Chris; Curry, Mike; Jester, Larry;
Cross, Edith; Rode, Tina; Harvey, Claudette; Martinez, Judy; Parks, Michelle;
Gordon, Joe; Pagan, Ozzie; Butler, Monica; Rodriguez, Cecilia; Olvera,
Paulita; Blanch Lopez; Maldonado, Marianella; Moore, John; Gimble, Mathew;
Johnston, Elizabeth; Wang, Steve; Nall, Leslie; Coleman, Mike; Spiller,
Brent; Harris, Charles; Black, Tamara Jae; Suarez, Juan; Brown, Michael;
Kroll, Heather; 'jhunt_vitoltvl@yahoo.com'; 'ssorrels_vitoltvl@yahoo.com';
Chapman, Christy; Celedon, Adriana; Celedon-Renovato, Esther; Moreno, Douglas
V.; Mena, Luis; Baldwin, Sherri; Roberts, Chaun; Dean, Clint; Mouton, Stacie;
Stewart, Jennifer N.; Holcombe, Tina ; Garberding, Michael; Gilbert-smith,
Doug; Irvin, Steve; Ballato, Russell; 'philly2323@hotmail.com';
'bruce.sukaly@cinergy.com'; 'david.livingston@cinergy.com'; Anderson, Kristi;
Dutta, Tom; Kuykendall, Kevin; Roberts, Chaun; Thompkins, Jason
Subject: We'll Miss You Steffy.......

Please be advised all information submitted herein is prepared solely to make
you smile, is not so confidential and should be shown to or discussed with
any third party.  The information submitted herein is not, or intended to be,
offensive in any way. To some the content of this email may be duty
hindering, and just may cause you to blow off working the rest of the day.
Regarding the following, no binding agreements will arise until everyone is
convincingly inebriated. Certainly all invitees mutually accept this
definitive agreement, containing mutually agreeable provisions, including,
but not limited to, those relating to fun, fun, and more fun.......I consider
the structures herein obligatory, and that you will be compelled to
definitely dig it.......you have been warned

I would like to personally invite all of you to join us in saying Farewell,
Adios, Bidaya, Ciao, Peace
out man,....Goodbye, to Stephanie Gardner.  As some of you are already know ,
Stephanie is leaving Enron to pursue a position at  Cinergy working under
Bruce Sukaly.  Her last day is tomorrow, June 1, and although it just kills
us to see
you go Steffy, we don't mind kickin' you out in style. (smile)  Please join
me in congratulating Stephanie, and wishing
her nothing but the best in the future.  Let's make sure she doesn't forget
us too soon.....And what better way to do that than.......you know it,
baby.......HAPPY HOUR!!!!!!!!!!!!!!

   When?: Friday, 6/1/01
     5:30 pm - until they throw us out

   Where?: Slainte Irish Pub
     509 Main St.

   Why?: Because We Love You, Steffy!!!!

Hope to see y'all there,
claude


---------------------- Forwarded by Sara Shackleton/HOU/ECT on 03/06/2000
09:51 AM ---------------------------

E*TRADE <member@etrade.0mm.com> on 03/03/2000 05:37:43 PM
To: Sara Shackleton/HOU/ECT@ECT
cc:
Subject: You have a special E*TRADE IRA kit coming...

Dear SHACKLETON:

Don't miss the April 17th IRA deadline! Watch the U.S. mail
this week for your free E*TRADE IRA Express Application.
It only takes about three minutes to apply, and our IRA
team is available 24 hours a day to answer your questions.

Sincerely,

Suzi White
Vice President, Service Quality

P.S. Get a FREE copy of Quicken(R) TurboTax(R) Deluxe,
E*TRADE Edition, when you open your no-fee E*TRADE IRA!(1)

____________________________________________________________

You received this e-mail because you registered at
www.etrade.com or on one of our partners' sites. To protect
your online privacy, we do not rent or sell your e-mail
address to third parties. If you wish to be removed from
our list:

- Click the e-mail reply button.
- Type the word "remove" in the subject line.
- Click on the send e-mail button.
Your e-mail address will be removed from the E*TRADE e-mail
list. We will confirm your request by e-mail.
____________________________________________________________

(1) The material available through this offer, including the
TurboTax software, has been produced by independent
providers that are not affiliated with E*TRADE. E*TRADE
GIVES NO EXPRESS OR IMPLIED WARRANTIES (INCLUDING BUT NOT
LIMITED TO WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A
PARTICULAR USE) WITH RESPECT TO THE TURBOTAX SOFTWARE OR
OTHER MATERIALS ASSOCIATED WITH THIS OFFER. The existence
of the offer and the information provided herein is not to
be considered a recommendation or endorsement by E*TRADE,
and E*TRADE accepts no liability for any direct or
consequential loss arising from any use of this information
or its contents. E*TRADE does not provide any legal, tax,
or accounting advice. Limit one nontransferable new account
bonus per person. E*TRADE reserves the right to terminate
this offer at any time. Not valid with any other offer.
Other terms apply.

System response times may vary due to a variety of factors,
including trading volumes, market conditions, and system performance.

The services described herein are available to U.S.
residents only. Copyright 2000 E*TRADE Securities, Inc.
All rights reserved. Member NASD/SIPC. E*TRADE is a
registered trademark of E*TRADE Securities, Inc. All other
trademarks mentioned herein are the property of their
respective owners.

This message was sent to sshackl@ect.enron.com


Attached is the FINAL letter to be sent to terminate the volumetric OBAs.  Please use it to customize your OBA letters.

Lorraine


Hi Vince,

 I have communicated the following requirements to Clayton.  Please give me
your thoughts on  additions/modifications.

For EOL Model,

1.  Working program, with easily usable interface

2.  User docs, for new user to easily start using system
      plus includes details about program structure and modules

3.  Reports for tabulation of data by commodity, counterparty, period, etc.
Should be easy to run daily.

4.  Time series description, including graphs, plus some time series analysis
(say, relationship of volume to time of day, day of week)

5.  Cross commodity trading relationships (identify potential arbitrage)

For Gas Model,

1.  Calibrate model

2.  User docs, with complete description of data


Brian/Jeff

I reviewed the articles on Global Photon for more detail, and found
references to the following contracts:

6/7/00 $100 million contract with Alactel to build a fully integrated
submarine and terrestrial Dense Wavelenthg Division Multiplexing network in
California (a 2000 km network called the Global West Network)

4/19/99 Tyco International Ltd.'s Tyco Submarine Systems Ltd. unit signed a
$93 million supply contract for Global West, a five segment fiber optic
undersea cable system that will connect major cities along the California
coast.  TYC said an operations, administration and maintenance contract will
bring another $50 million, and two optional segments could increase the value
by an add'l $25 million

The permits obtained to begin the project are referenced in a press release
on the company website.  There is no other supporting evidence of these
contracts or any other, nor further mention of Global Photon's Global West
Network project.

--ES

Ethan Schultz
Analyst
Enron Broadband Services - Bandwidth Origination
713-853-4373
713-646-8795 (Fax)
713-582-0637 (Cellular)

	Brian Spector
	06/20/00 12:03 AM

		 To: Ethan Schultz/Enron Communications, Jeff Dasovich/SFO/EES@EES
		 cc:
		 Subject: Re: Global Photon Systems, Inc.

Ethan,

Thanks for the research.  My cursory review of the articles turned up one
interesting fact: they claim that GP has signed a $100 mm contract with
Alcatel - a euro telecom company.  Please:
Re-review the articles to see if that is correct and any other contracts you
can find.
Try to double check the press releases by looking at alcatel's published
financials if any.

This is a pretty low priority thing.  Try to have it done by Friday afternoon.

Thanks,

Brian

PS: How is it going with Matt J?


PacifiCorp will participate.

>>> "Ronald Carroll" <rcarroll@bracepatt.com> 03/16 8:28 AM >>>
PRIVILEGED AND CONFIDENTIAL

I was asked to set up a conference call for Monday (3/19) at 3:00 Eastern
with regulatory and bankruptcy counsel for the nine Complainants to discuss
the interrelation between the FERC Chargeback complaint proceeding (and the
Amendment 22 matter), the District Court case before Judge Moreno, and the
Bankruptcy proceeding, and to discuss strategy.
Dial-in #: 1-800-403-2008
Participants #: 143570
The following issues have been identified as issues for discussion:

1.  Likelihood that Bankruptcy Court will grant PX motion to modify stay;
including feasibility and effort by parties to file answer in support of
motion, including whether it would be realistic to request that the PX's
motion be considered on a more expedited basis (PX asked for 3/30 hearing
date) in light of the FERC Complaint proceeding;

2.  Status and approach for possible settlement with PX for release of
collateral assuming Bankruptcy Court modifies stay.

3.  Feasibility of asking Bankruptcy Court to immediately release all
collateral in excess of amount needed to satisfy (1) vendors, (2) existing
and anticipated future defaults of SCE and PG&E, and (3) reasonable costs.
In this regard, does anyone have a handle on whether the collateral exceeds
the total of the foregoing matters?

4.  Any comments on (1) answer to PX answer to Complaint, and (2) answer to
PX request for clarification in Amendment No. 22 proceeding; including the
timing of such filings with FERC.

This email does not address bankruptcy counsel for all parties.  If you wish
to have your client's bankruptcy counsel on the call, please inform them of
the time and relevant information for the call.
This call will likely be extremely unwieldy, so I would request the parties
to consolidate their participants where possible.  Also, please do not
forward this information as it addresses confidential litigation matters.
Thanks.  See you Monday.  Ron


COLUMBIA GAS TRANSMISSION CORPORATION
                        NOTICE TO ALL INTERESTED PARTIES
                                  JUNE 25, 2002

Notice ID: 3852
5 - NO RESPONSE REQUIRED

SUBJECT:  CAPACITY ALLOCATION-INTRADAY I CYCLE FOR JUNE 25, 2002

          PLEASE NOTE THAT ALL ALLOCATIONS ARE SUBJECT TO CHANGE
          BASED ON THE RECEIPT OF ANY NEW NOMINATIONS OR INTRADAY
          NOMINATIONS.

RECEIPT:

TCO-LEACH:  There is no capacity for new IPP customers.  IPP customers
nominating increases received a prorata share of available capacity or their
nominated quantities, whichever was less.

LEBANON AGGREGATE:  There is no capacity for new IPP customers.  There is no
capacity for IPP increases.  Flowing IPP customers received 75.502% of their
previously confirmed June 25, 2002 flowing volumes.

TENNESSEE:

Broad Run:  There is no capacity for new IPP customers.  There is no capacity
for IPP increases.  Flowing IPP customers received 98.63% of their previously
confirmed June 25, 2002 flowing volumes.

Excess MDWQ               Available +
ISS Withdrawals           Available
SIT Withdrawals           Available
Imbalance Drawdowns       Available

Excess MDIQ               NOT Available +
ISS Injections            NOT Available
SIT Injections            NOT Available
Imbalance Paybacks        NOT Available

Pal Lends/Unparks         Available
PAL Parks/Loan Paybacks   NOT Available

+ Call Gas Control 24 hours in advance at (304) 357-2606 to request approval.

Columbia Gas Transmission has completed allocating all of its receipt and
delivery points for the gas day of June 25, 2002.  You may now view the
quantities you are authorized to flow on June 25, 2002. On the Internet
NAVIGATOR, view Nominations, Scheduled Quantity, Scheduled Quantity for Service
Requestor-Summary, Nominations to be Viewed, and select Reduced Nominations.
The quantities confirmed to flow for your account will be available on the
Internet NAVIGATOR after 3:00 p.m. Eastern Time on Tuesday, June 25, 2002.

If you have any questions, please contact your Account Representative.


Tim,

We definitely appreciate any time that Steve is able to spare.  If you like, I will ask Mat coordinate his travel plans with Steve.  Also, if Steve made his rework documentation available, Mat would become familiar with it prior to his trip.

Keith

----Original Message-----
From: 	Heizenrader, Tim
Sent:	Monday, October 01, 2001 4:47 PM
To:	Holst, Keith
Subject:	RE: Two requests regarding power load forecasts

Keith,

The hitch here is that our demand expert, Steve Swain, is currently on emergency loan to the EES rehabilitation effort, and he's got a pretty tight schedule. I just talked to Steve, though, and he's willing to spend a day or two if we can accomodate his schedule. Also, he's put together some documentation on last year's major rework of the model that will probably make the time available sufficient to get a good understanding of what we're doing.

Tim
 -----Original Message-----
From: 	Holst, Keith
Sent:	Monday, October 01, 2001 2:25 PM
To:	Heizenrader, Tim
Subject:	Two requests regarding power load forecasts

Tim,

Following our discussion in Portland, I reconfigured the structure of west gas fundamentals.  We will have a demand team, production team, and a gas transmission/storage team.  Mat Smith, whom you met last week in Portland, will attack demand and will be joined by an individual from the research group.

Since power consumption is a key driver of gas demand, I have two requests: (1) Will you allow us to use your load forecasts as variables into our gas demand models?;  (2) If you are alright with this, would you mind if Mat traveled to Portland and spent a couple days with your demand person to become more familiar with your process and assumptions?  Mat has been with Enron for about one year and holds a masters in engineering from MIT.  He has a firm grasp on our business and general mathematics and I am confident that he is able to learn quickly.  As far as security is concerned, Mat is bound by a standard Enron non-compete/confidentiality agreement.

Thanks again for your help.
Keith Holst
713-853-7069


> -----Original Message-----
> From: Baird, Bob
> Sent: Wednesday, August 16, 2000 4:22 PM
> To: Stockbridge, Edward T
> Subject: MTEF Definition
>
> The CFTC's proposed definition of MTEF:
>
> Sec. 36.1 Definitions. As used in this part: . . .  Multilateral
> transaction execution facility means an electronic or non-electronic
> market or similar facility through which persons, for their own accounts
> or for the accounts of others, enter into, agree to enter into or execute
> binding transactions by accepting bids or offers made by one person that
> are open to multiple persons who conduct business through such market or
> similar facility, but does not include:
> (1) A facility whose participants individually negotiate (or have
> individually negotiated) with counterparties the material terms applicable
> to transactions between them, including transactions conducted on the
> facility, and which are subject to subsequent acceptance by the
> counterparties;
> (2) Any electronic communications system on which the execution of a
> transaction results from the content of bilateral communications exchanged
> between the parties and not by the interaction of multiple orders within a
> predetermined, non-discretionary automated trade matching algorithm; or
> (3) Any facility on which only a single firm may participate as market
> maker and participants other than the market maker may not accept bids or
> offers of other non-market maker participants.
>
> Robert S. Baird
> Vinson & Elkins L.L.P.
> One American Center
> 600 Congress Avenue
> Austin, Texas 78701-3200
> Office phone: 512/495-8451
> Fax: 512/236-3210
> Home phone: 512/347-8065
> Car phone: 512/627-8065
> Pager: 1-888-487-2651
> Voice mail: 512/495-8696, x8451
> Internet: rbaird@velaw.com
>


Attached is the Enron Americas GasTrading violation memos for  Maturity Gap
Risk and VaR for June 18, 2001.  The Office of the Chairman for Enron
Americas is responsible for printing out a hard copy of this memo, signing it
and returning the hard copy to Chris Abel at 3155a, who will forward it to
RAC to obtain their signature.

Thank You


Special Invitees,

Please launch your holiday invitation from Enron Net Works.

Liz Taylor
Assistant to Greg Whalley

---------------------- Forwarded by Liz M Taylor/HOU/ECT on 11/14/2000 01:17
PM ---------------------------
   Office of the Chairman - Enron Net Works LLC

From: Office of the Chairman - Enron Net Works LLC@ENRON on 11/07/2000 05:51
PM
Sent by: Enron Announcements@ENRON
To: ENW-Employees_Houston
cc:
Subject: ENW Holiday Party Invitation

Here it is!  Your Enron Net Works Holiday Party Invitation.  Please click on
the attached link to launch.

http://207.21.193.94/Extravaganza.html


Are you guys still looking for an analyst?

Should I send the resume to Dawn or you directly?

Chris


Attached is SERC's 9/28 letter telling NERC that TVA and Enron were still
working on the wording, but may not reach agreement. I don't think we had
seen this before.  However, since this was sent last week before the latest
round of language, I don't think we need to worry about it.
---------------------- Forwarded by Christi L Nicolay/HOU/ECT on 10/04/99
10:36 AM ---------------------------

Steven J Kean@EES
10/04/99 10:00 AM
To: Christi L Nicolay/HOU/ECT@ECT
cc:
Subject: SERC/TVA/Enron

---------------------- Forwarded by Steven J Kean/HOU/EES on 10/04/99 09:59
AM ---------------------------

Sherri Reinartz@ENRON
09/30/99 01:15 PM
To: Joe Hartsoe/Corp/Enron@Enron, Steven J Kean/HOU/EES@EES
cc:
Subject: SERC/TVA/Enron

Did you guys get this?  SRS
---------------------- Forwarded by Sherri Reinartz/Corp/Enron on 09/30/99
01:13 PM ---------------------------

"Jim Maughn" <jmaughn@serc1.org> on 09/28/99 04:54:33 PM
Please respond to "Jim Maughn" <jmaughn@serc1.org>
To: kamole@nipsco.com, hhawks@tenaska.com, mike.gent@nerc.com
cc: wtboston@tva.gov, Sherri Reinartz/Corp/Enron@Enron,
wreinke@duke-energy.com, jmaughn@serc1.org
Subject: SERC/TVA/Enron

Gentlemen:
Attached is SERC's interim report to NERC and the PITF on the subject dispute.
Jim Maughn
 - att1.htm
 - SERC Enron TVA NERC ltr.doc