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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Cautionary Statement

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

About NewPower Holdings, Inc.

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

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

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

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

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

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

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

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

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

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

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

HC to hear DPC's plea

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

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

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


I am pleased to announce the following promotions effective February 1 within
ENA Energy Operations.  These individuals have been promoted in recognition
of their outstanding performance and their contributions to the continuing
success of Enron North America. Please join me in congratulating these
employees on their promotions.

Promotions to Senior Director

Kristin Albrecht serves as Business Controller for ENA,s power business.
Along with Leslie Reeves, Kristin ensures that power transactions are handled
accurately and smoothly from beginning to end.  Kristin,s primary focus is on
risk controls and daily reporting of positions and p&l for East Power
trading, West Power trading and Genco operations.

Brenda Herod serves as Business Controller for ENA,s assets business, working
with the Gas Assets group and the Texas trading desk.  Her responsibilities
include global contracts and facilities, risk management, confirmations, gas
scheduling, volume management, settlements and regulatory compliance for
Houston Pipeline, LRC and Enron Midstream Services.

Leslie Reeves is a Business Controller for ENA,s power business, working
closely with Kristin Albrecht in managing mid and back office support for the
East, West and Genco power trading groups.  Her primary responsibilities are
documentation and settlements, with a focus on contract administration, cash
forecasting and cash management.

Mary Solmonson leads ENA,s Global Database Management Group, collecting and
validating information on our customers, contracts, pipelines and facilities,
as well as published prices.  These activities support overall Energy
Operations responsibilities from Risk to Logistics to Settlement.  In
addition, Mary has been instrumental in the promotion and implementation of
the Global systems across Enron to provide control, consistency, and common
data throughout the organization.

Promotions to Director

Scott Pleus serves as Business Controller for Enron,s Emerging Products.
These businesses include Bandwidth, Pulp and Paper, and Weather.  His primary
responsibilities include day-to-day functions of risk management,
confirmations, pulp and paper scheduling, and settlements as well as long
term system development.

Sheri Thomas led ENA,s natural gas off-system settlements function throughout
1999. Her responsibilities included cash forecasting, collections, and
accountability for receivables and payables for ENA,s gas business in the
East, West and Central regions of the US.  Sheri accepted a new assignment in
January 2000 and is now managing the Enron Online operations.

Promotions to Manager

Bennett Kaufman manages the risk management administration function for the
Equity Trading and Debt Trading groups.  He has also had experience in
supporting the options book for natural gas derivatives trading.  Prior to
joining Enron in early 1998, Bennett worked in trading operations for
investment banking firms in New York.

Richard McKeel is the Systems Integration Analyst within Global Database
Management, overseeing the change management process and new software
development needed to interface the Global applications with strategic
systems ) Sitara, Unify, EnPower, Solarc, SAP, and EnronOnline.

Other Promotions

Specialist to Senior Specialist:    Analyst to Specialist:

Sylvia Campos ) Deal Compliance Contract Records  Tara Eslick ) Financial
Trading Risk Management
Kam Keiser ) Gas Risk Management- Central Desk   Victoria Versen ) Gas
Logistics - East Desk
Phillip Love ) Risk Controls Operational Analysis
Jeff Coats ) Gas Risk Management - Central Desk
Monica Lande ) West Power Risk Management (Portland) Senior Clerk to Staff:
Trang Le )  Strategic Operations ) Project Unify
John Postlewaite ) East Power Risk Management  Anthony Campos ) Deal
Compliance Contract Records
Diane Seib ) Documentation (Calgary)     Kori Loibl ) Gas Risk Management -
Financial Books
Donnie Vinson ) West Power Risk Management (Portland)
Imelda Frayre ) Strategic Operations - Project Sitara
        Clerk to Senior Clerk:
Staff to Specialist:
        Leslie Smith ) Information & Records Management
Amy Degeyter ) Power Documentation    Melinda Whalen ) Documentation (Calgary)
Michael Nguyen ) Emerging Products Risk Management
Sherlyn Schumack ) Logistics Volume Management
Karie Hastings ) Strategic Operations - Project Sitara

In addition, Peggy Hedstrom and Brent Price were promoted to Vice President,
as announced in the memo issued by Enron Corp. Office of the Chairman.  Peggy
leads Energy Operations for Enron Canada, with responsibility for risk
management, documentation and gas logistics.  Peggy also serves as a key
interface with Canadian pipelines as a member of several industry
committees.  Brent is the Senior Business Controller for Gas Trading
Operations in the U.S.  His responsibilities include risk management,
confirmations, volume management and settlements for the East, West and
Central regions.  He also provides operational expertise in the due diligence
phase of the evaluations of joint ventures and acquisitions.


You need to send an email to Donna Lowry, Cassandra Schultz, William S. Bradford

Sara Shackleton
Enron Wholesale Services
1400 Smith Street, EB3801a
Houston, TX  77002
Ph:  (713) 853-5620
Fax: (713) 646-3490


Dear Dutch Quigley,
As a valued member of the Premium Offers network, you are already
receiving special offers. We are pleased to introduce ourselves as the
newest partner to the Premium Offers network. As the leading source of
unique, one-of-a-kind promotions, Media Trec has established
relationships with some of the nation's largest companies, therein
affording you opportunity to take advantage of promotional offers that
include valuable discounts, bargains, special offers, sweepstakes,
entertainment, travel and financial opportunities on the Internet. In
our continuing effort to maintain the best relationship with you, our
client, we realize that you may not be interested in receiving our
offers. While we will be sorry to see you go, we also value your
perception of us. Accordingly, although you always have the opportunity
to cancel your subscription at any time, if you would prefer not to
receive our special offers, please click the unsubscribe link below.
Thank you for all of your support and we look forward to bringing you
only the best special offers and fantastic values in the coming year!
Kind regards,
The Media Trec Family


Ginny,  Please see the attached guaranty.  A clean and redlined version are
attached.  I revised the language based on our discussions and added the
language concerning interest which we had both previously approved.  We are
OK to execute this form.  Let me know if acceptable and I will go ahead and
execute.  Thanks.


I will not be able attend but Errol will be there in my place.
Thanks,
John

PAMELA
SONNIER
08/09/2000 10:27 AM

To: David P Dupre/HOU/ECT@ECT, Larry Joe Hunter/HOU/ECT@ECT, Dutch
Quigley/HOU/ECT@ECT, Errol McLaughlin/Corp/Enron@ENRON, Dart
Arnaez/HOU/ECT@ECT, DeMarco Carter/Corp/Enron@ENRON, Aneela
Charania/HOU/ECT@ECT, Theresa T Brogan/HOU/ECT@ECT, Shifali
Sharma/NA/Enron@Enron, Bob Bowen/HOU/ECT@ECT, John Weakly/Corp/Enron@ENRON,
Curtis Smith/HOU/ECT@ECT, Jeremy Wong/HOU/ECT@ECT, Jennifer K
Longoria/HOU/ECT@ECT, Patricia Bloom/HOU/ECT@ECT, Bob Klein/HOU/ECT@ECT,
Gerri Gosnell/HOU/ECT@ECT, Spencer Vosko/HOU/ECT@ECT, John
Wilson/NA/Enron@ENRON, John Arnold/HOU/ECT@ECT
cc: Jefferson D Sorenson/HOU/ECT@ECT, Maria Sandoval/HOU/ECT@ECT
Subject: Carr Futures Presentation

Your attendance is requested for this Carr presentation Friday, August 11th
in 32C2 at 11:30a.

Jeff Koehler, Senior VP of Global Client Services along with Scott Oblander,
Assistant VP, Energy Division  and Hamilton Fonseca, VP, Customer Support
will be in our office on Friday.
These gentlemen will be here to demonstrate Carr's electronic clearing
capabilities.
This presentation is for Enron's mid/back office and IT personnel that are
involved in exchange traded futures and options.  The presentation is real
time via the internet and takes approximately 1 1/2 to 2 hours depending on
the number of questions that are raised.
Lunch will be served and we look forward to seeing each of you present. If
for any reason you are unable to attend please inform me that I might order
lunch accordingly.

Thank You.

Pamela Sonnier
(x3 7531)


Thanks for the update

 -----Original Message-----
From: 	Rutledge, John
Sent:	Friday, August 17, 2001 4:38 PM
To:	Stokley, Chris; Frazier, Michael
Cc:	Alvarez, Charles; Taylor, Todd; Chmil, Shawn
Subject:	Re: FW: CES2423 Project Proposal

Chris, Michael--

I've been looking at some of the MV-90 files from CSC. Here's what I have found:

There are 1200 to 1400 meters reported each day. We will need to keep an eye on this number to see what kind of growth to expect.
Almost all meters report in 15 minute intervals. Interestingly enough, one meter (UCSF CUP 3), started reporting 5 minute intervals on 6 August, and has done so ever since.
The current prototype application I am using to read this data into a temporary database reads about 1meter per second, so I am averaging around 20 minutes per file. While I think I can improve the speed of this process, it does not take into account the need to map this data to the correlating account data, so any gains may be lost there.
Although some of the datafiles are complete (4 readings per hour X 24 hours X every meter) others are missing quite a lot of data. ("9 missing readings for meter KZ+029402367...87 missing readings for meter KZ+029402370...15 missing readings for meter KZ+029402392...") I will work with CSC next week to figure out what is causing this extreme variance in the dependability of the data from day to day.

Next week I will be looking into MDMA to match up these meter ids with accounts. I will let you know what I find.

--John

--John

From:	Chris Stokley/ENRON@enronXgate on 08/15/2001 06:47 PM
To:	John Rutledge/HOU/EES@EES
cc:
Subject:	FW: CES2423 Project Proposal

John,
	I have not heard back from you on the items listed below, where do you stand on these questions

							Chris

 -----Original Message-----
From: 	Stokley, Chris
Sent:	Tuesday, August 14, 2001 6:27 AM
To:	Rutledge, John
Subject:	RE: CES2423 Project Proposal

John,

	Could you tell me who I would speak to in order to find out the priorities that are pushing this process back to 11:00am? Also, how much time does it take you to get this file into the database once you receive the file from CSC? This is making the assumption that the database is configured and ready to go. What are you currently seeing in the way of missing data coming in from these files on a daily basis.

								Chris
								503-807-8959

 -----Original Message-----
From: 	Rutledge, John
Sent:	Wednesday, August 08, 2001 11:18 AM
To:	Winter, Maurice; Stokley, Chris; Frazier, Michael
Cc:	Alvarez, Charles
Subject:	CES2423 Project Proposal

Have attached the project proposal as returned by CSC. I am also summarizing a discussion I had with Geoff Goodfellow of CSC:

Since CSC is using a third-party, packaged application to produce this file, they are limited in their ability to deliver exactly what we want (in the context of the 51 hour, $4,883.62 estimate).

We requested that missing data (e.g., phone line down) be backfilled in a later day's file, but this is not possible because the process to produce this file only queries on meter data for a specific date, not all data received on a specific date. For example, if they ran it today, for 7 August, we would receive all meter data for that date, but they would have actually received more than that on the 7th, perhaps data dated 6 Aug for meters that failed to dial in on that day. Getting this data will require further development (read: mo' money).

Also, the file is 26MB, of which more that 25% is blank spaces on the end of each line. Again, since this is an external application, I have been told that it is not possible to eliminate this extra space. (Not a killer, since we won't actually be putting it in the database, but it just adds to processing/network overhead.)

I have also been told that file delivery will occur between 11 a.m. and 12 p.m. daily. This is because of current priorities, but even at the earliest, we won't be able to get it before 7:30 a.m. (Data is collected from 12 a.m. to 6 a.m., the report run takes 1 hour 30 minutes, a file is produced at 7:30.)

--John

---------------------- Forwarded by John Rutledge/HOU/EES on 08/08/2001 10:57 AM ---------------------------

jthoma56@csc.com on 08/07/2001 04:11:43 PM
To:	rgresch@enron.com
cc:	jjackson@enron.com, john.rutledge@enron.com, kenny.ha@enron.com
Subject:	CES2423 Project Proposal

Bob -
Attached is the Project Proposal and Purchase Order document for the MV-90
Data Download (CES2423) Work Request.  Please review the documents at your
earliest convenience.  If the offer is acceptable to EESO, please forward
your acceptance to my attention via electronic mail attached to this
submission.
If you have any questions or require additional information, please contact
me at 614-737-1345.

Best Regards -
Jim
(See attached file: CES2423.MV90 Project Proposa 080701.doc)
 - CES2423.MV90 Project Proposa 080701.doc << File: CES2423.MV90 Project Proposa 080701.doc >>


The following are my comments:

  - I assume that Settlements is fine with invoicing no later than the 7 th
of each mth.
  - Section M:  Should we go this route (covenant of financial support) or
would we be accomplishing the same if we structure this as MDEA, agent for
..., similar to that in the Interconnection Agmt.  We should probably look
into it further for the longer term deal.  I don't know which has the
stronger fall back to the municipalities.

Ed Sacks

Have a good rest of the weekend.

 -----Original Message-----
From:  Rorschach, Reagan
Sent: Friday, April 27, 2001 4:40 PM
To: Marvin Carraway (E-mail); Marvin Carraway (E-mail 2); Robert Priest
(E-mail); David Fairley (E-mail); David Fairley (E-mail 2); David Fairley
(E-mail 3); Bentley, Corry; Comeaux, Keith; Coulter, Kayne; Cross, Edith;
Fairley, David; Herndon, Rogers; Homco, Jim; Kumar, Madhup; Mann, Kay; May,
Tom; Miller, Jeffrey; Morse, Brad; Nicolay, Christi; Pagan, Ozzie; Podurgiel,
Laura; Reeves, Leslie; Sacks, Edward; Serio, Erik; White, Stacey; Will, Lloyd
Subject: FW: long form confirm/MDEA

Please send comments to Kay this weekend at both address below.

kay.mann@enron.com, kay.mann@worldnet.att.net

Thanks,

Reagan

 -----Original Message-----
From:  Mann, Kay
Sent: Friday, April 27, 2001 4:33 PM
To: Rorschach, Reagan
Subject: RE: long form confirm/MDEA

Here's where I am on the ILA.  I think it should be distributed internally
and to the Cities ASAP,  with an explanation that we are still pondering it.

Kay

 << File: MDEA ILA (Mann 4-27 draft).doc >>

Kay


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

	John Suttle
	11/16/2000 08:44 AM

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

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

Let me know if I can help.

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

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

Dear John and Sara,

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

Thanks heaps.

Jane


Susan:
I'm booked Monday morning but free Tuesday morning.  Let's try for Tuesday.
I currently only have a 4:30 meeting.
Carol


Not quite sure where we ended up on this lot but clearly some of the below are Enron Europe's, so we do not need to bother with them.

-----Original Message-----
From: Hansen, Leslie
Sent: Thursday, December 13, 2001 12:45 PM
To: Shah, Kal; Piper, Greg; Detmering, Tim; Forster, David; Kitchen, Louise
Cc: 'Roger.Ross@weil.com'; Cook, Mary; Davis, Angela
Subject: RE: Trademarks for NewCo

After conversations with Kal Shah and Greg Piper, here is where we stand on the trade marks and domain names.

A.  Ownership of the following to be transferred to NewCo:

1.  Putting the energy into e-comerce
2.  One stop energy shop
3.  Pricedesk
4.  Pricedesk.com
5.  Retaildesk
6.  Retaildesk.com
7.  Trading Innovation

Note that there are trademark applications pending for 2 and 7 above, and 3-6 above are registered by Enron Europe.  The Sellers will agree to convey whatever rights they have in marks 2-7 above to NewCo but cannot guarantee that NewCo will ultimately own the marks.

B.  EnronOnline:  Seller will grant NewCo a limited license to use the EnronOnline trade mark and logo for a period running 6 months from the date of closing solely for the purpose of marketing the new site as a platform for wholesale gas and power trading in North America.

C.  EnronOnline.com/net/org:  Seller will agree to redirect from EOL to NewCo for 60 days after NewCo site is up and running (with a link back to EOL at the NewCo site) and for 120 days thereafter will provide a link on the EOL site to the NewCo site.

D.  Enbank:  Kal proposed that NewCo own this mark, but Greg would prefer that the Estate retain this mark.

I will leave it to Tim and Greg to discuss this proposal from their end and then contact Kal and/or Dave Forster to discuss.  After you all have reached resolution, I would appreciate if both Greg and Kal could contact Roger Ross of Weil Gotshall (713/546-5018 or roger.ross@weil.com <mailto:roger.ross@weil.com>) directly to confirm the final disposition of marks and names.

Please let Roger know who should receive drafts of the License Agreements relating to B and C above.

Please do not hesitate to call me at *36121 with any questions or comments.

Leslie

-----Original Message-----
From: Shah, Kal
Sent: Wednesday, December 12, 2001 10:05 AM
To: Hansen, Leslie
Subject: FW: Trademarks for NewCo

Leslie -- I have spoken to Dave Forster and we would like to update our request  from yesterday as follows.  Pls. forward this to Nancy Raber as well.

The ownership of the following mark should be transferred to NewCo.:

1.  Putting the energy into e-commerce:  Current Tagline for EnronOnline

A one year usage license should be obtained for the following marks/domain names:

1.  EnronOnline:  Global Commodities Trading Platform
2.  EnronOnline.com/net/org:  Global Commodities Trading Platform
3.  Enbank:  Virtual Gas Storage Auction Product in Enron Europe

If possible, the ownership of following marks/domain names should be transferred to NewCo.  If it is too complicated/costly, you can leave this out.

1.  Electricitydesk
2.  Electricitydesk.com
3.  Energydesk
4.  Energydesk.com
5.  Gasdesk
6.  Gasdesk.com
7.  Gendesk
8.  Gendesk.com
9.  One stop energy shop
10.  Pricedesk
11.  Pricedesk.com
12.  Retaildesk
13.  Retaildesk.com
14.  Trading Innovation

-----Original Message-----
From: Shah, Kal
Sent: Tuesday, December 11, 2001 8:38 PM
To: nancy.raber@weil.com
Cc: Hansen, Leslie; Forster, David; Jafry, Rahil
Subject: FW: Trademarks for NewCo

Nancy -- As per our conversation this evening, I am attaching the e-mail I had sent to Leslie Hansen.  I will contact Leslie  in the morning and determine what marks/domain names Enron will allow for inclusion in the deal.  I agree that if the new company is going to have a different name, it should be sufficient if Enron kept the EnronOnline marks/domain names, but allowed their use for certain period of time to the new company.  I also acknowledge your concern that granting use of the marks may be more complicated if they are owned by Enron Europe given that it's a separate entity.  We will need to work out this issue depending on which entity owns the marks.  I will work with Leslie to research this tomorrow.

With regard to the "nice to have" trademarks in the second list below, I know that most of the domain names are owned by Enron Europe, not Enron Corp.  I will research to see which entity owns the trademarks on them.  If the trademarks are owned by Enron Europe as well, we may forgo including them in the deal for now.

Please hold off any offers for trademarks/domain names your deal papers until I call to confirm our final position.  I plan to speak to Leslie and Dave Forster (head of EnronOnline) in the morning.  Thanks.

Kal Shah
Director
EnronOnline Marketing
713 853 9354
Cel:  713 851 5169

-----Original Message-----
From: Shah, Kal
Sent: Tue 12/11/2001 3:08 PM
To: Hansen, Leslie
Cc: Forster, David; Palmer, Mark A. (PR); Jafry, Rahil
Subject: Trademarks for NewCo

Leslie -- From your list, here are the trademarks/Domain Names that NewCo would like to keep for Wholesale Gas/Power activities:

Currently used by Enron in commerce:
1.  EnronOnline:  Global Commodities Trading Platform
2.  EnronOnline.com/net/org:  Global Commodities Trading Platform
3.  Putting the energy into e-commerce:  Current Tagline for EnronOnline
4.  Puts the energy into e-commerce:  Old Tagline for EnronOnline.  May be still used on some old marketing materials
5.  Enbank:  Was used by Enron Europe for Virtual Gas Storage Auction

Currently Not Used, but would like to keep for future use:
1.  Electricitydesk
2.  Electricitydesk.com
3.  Energydesk
4.  Energydesk.com
5.  Gasdesk
6.  Gasdesk.com
7.  Gendesk
8.  Gendesk.com
9.  One stop energy shop
10.  Pricedesk
11.  Pricedesk.com
12.  Retaildesk
13.  Retaildesk.com
14.  Trading Innovation

I will be happy to meet to discuss these further.  Pls. call me at x 39354 or my cel at 713 851 5169.

Kal Shah
EnronOnline Marketing


Hi Andy,

I would like access to the ICEX--1 terminal per office.  (Houston, London,
Singapore).  Please coordinate with John Nowlan, Chris Mahoney, and John
Chismar respectively.  Thanks very much.


Attached is the updated list.


With Ken Lay's resignation, you undoubtedly have questions about Enron's management structure and what lies ahead for the company.  The purpose of this communication is to begin to answer those questions and lay out the direction we plan to follow as we regroup and rebuild.

First, the Creditors Committee has proposed that the Board of Directors retain an interim CEO to focus on the restructuring process.  This is a positive sign that the Committee believes Enron will provide greater value as a viable ongoing business.

The Enron Board of Directors has approved Stephen Cooper as interim CEO and chief restructuring officer.  Steve is the managing partner of Zolfo Cooper, a corporate recovery and crisis management firm with more than 30 years experience leading companies through operational and financial reorganizations.

Steve and his firm will work with members of Enron's current management to develop and implement a comprehensive plan to restructure the company and emerge from bankruptcy.

As you know, Enron has entered into an agreement with UBS Warburg for the sale of NetCo, Enron's wholesale gas and power trading organization.  In preparation for the transition of NetCo to UBS, Greg Whalley has resigned as president and COO of Enron to assume a position with UBS Warburg.  We want to thank Greg and the NetCo employees joining UBS for their contributions to Enron and wish them great success going forward.

In addition to engaging Steve, Enron has formed an Office of the Chief Executive.  I will join Steve in that office as president and chief operating officer, and Ray Bowen will join us as executive vice president and chief financial officer.

We will provide additional information regarding the roles and responsibilities of Enron's entire management team once those become more fully defined.

Thank you for continuing to support Enron by performing your job everyday.  The ongoing uncertainty about our future, coupled with the constant media scrutiny, makes this situation difficult for all of us. While no one can control the media, we can and will define our leadership and devise our strategy for moving ahead.  And in doing so, we will build a more certain future for our company and our employees.

Link to the press release: http://www.enron.com/corp/pressroom/releases/2002/ene/012902Release.html


Records indicate that there are a significant number of employees who have yet to have a drug test.

Here are the details of the locations in Houston, Portland and other locations.

Please attend one as soon as possible to avoid delays in your your onboarding and payroll processing.

HR


InvestorPlace.com Insights    [IMAGE]Special Investing Bulletin From InvestorPlace.com Advisor Michael Murphy Editor, Technology Investing   December 14, 2001  Buy This Stock Now?and Reap BIG Profits From the Biggest Lie in Technology Today      Microsoft's new operating system, Windows XP, was released in November and is currently selling at record-breaking retail levels. Funny thing is, no one's talking about the most exciting aspect of this system?or the money it can make savvy investors who understand where to invest. That's what I want to tell you about today.  You see, Windows XP transforms the Internet into a poor-man's version of the virtual private network. The promise has actually     A word from our sponsor  Low-Cost Term Life Insurance...and no hassles!   We've been serving the needs of smart investors for the past 114 years. Click here , and in less than 5 minutes you'll have a FREE, custom quote from Ameritas Direct, a division of top-rated Ameritas Life Insurance Corp. For some of the LOWEST term rates available, please check us out TODAY.     been out there for quite some time. But frankly, the operating system couldn't handle all the complexities of doing Internet videoconferences.  Well, now it finally can. All it takes is a $100 camera?a couple of speakers?and a phone line. You can share a spreadsheet, a white board, any sort of collaborative notes-and hold a productive, real-time meeting without ever leaving your desk. It's PERFECT for the home office. A fantastic face-to-face sales tool. Heck, we're installing the cameras all over the place at my offices for immediate feedback-something that's of critical importance in the money management world.  In short, the point I'm trying to make is that video Internet meetings finally really work-for the first time-thanks to Microsoft XP. And I know from experience, there's a huge PENT-UP DEMAND. What's more, the recent terrorist events will only increase the desire for virtual face-to-face meetings, instead of actual travel. Now Let Me Show You What All That Demand Does to Capacity...and How You Can Profit From This Trend   Let's say you have a group of five people that e-mail back and forth regularly. But now they have the opportunity for a half-hour Internet meeting. That single video face-to-face eats the same equivalent bandwidth of one year's worth of their e-mails!  Now let's say they love the experience-and they will. Pretty soon they're meeting regularly. They all hook up a system at home to     A word from our sponsor  Free Investment Seminar...  Join InvestorPlace.com editors & other top Wall Street advisors at The 24th Annual Florida Money Show. Admission is FREE.... For details click here , or call 800/970-4355. Mention priority #001071.        chat with friends across the country. After all, it really is the next best thing to being there?and it's DIRT-CHEAP-airtime is free-as well.  What industry-which company-will benefit most from this soaring demand? To answer that question, I need to tell you about one of the biggest secrets in technology today. Call it a misconception, if you will.   I call it a bald-faced lie-one that has individual investors completely in the dark about an opportunity of immense proportions. I'm talking about the so-called "glut" of fiber optic cable.  As I've been telling my TECHNOLOGY INVESTING readers, I believe the build-out has really just begun. In fact, I can prove it. And companies that make the fiber are tremendous long-term investments.  But right now, I want to fill you in on just one aspect of the fiber business that will make you quite rich, a whole lot quicker.  Here's the deal: Yes, there is a large amount of unutilized fiber optic cable out there today. But that's not a problem for the tech industry. It's an opportunity.   You see, 95% of all the fiber that has ever been laid is "dark"-that is, it's not activated. At a recent investment conference, I explained it like this: "You know what dark fiber has in common with a bushel of wheat? You can't send data over either one of them."  Before this fiber can be used, it has to be "lit." Who do you call to do the job? You call Nortel, you call Cisco, you call Lucent. Then they all call ONE COMPANY to get the parts. THAT'S the stock I want you to buy now.  Low Risk With Ten-Bagger Potential  I'm looking at a double-possibly a triple-by this time next year!   And I fully expect to multiply our money 10-times over by 2007. Best of all, this stock is so beaten-down, there's little risk from here. Point is, if I'm right-and I'll gladly stake my reputation on this call-just a small investment now can make you a huge pile of cash. The stock? None other than optical powerhouse JDS Uniphase (NASDAQ: JDSU).  Here's my reasoning:  When the World Trade Center got hit, the Internet slowed down-very noticeably slowed down. What does that mean? There isn't enough capacity or redundancy built into the system to accommodate a blip in demand.  I believe people in government are very worried about this problem. After all, this is the second time it's happened. Back in July, a tunnel fire in Baltimore slowed the Internet to a crawl for two full days because an optical cable got caught in the snare.  That means our communications systems-and therefore our economy-are very, very vulnerable.  Ten years ago, it wouldn't have mattered. But today, commerce and security is COMPLETELY DEPENDENT on those systems. Virtually nothing moves without it. That's how banks and brokerages transfer funds?how dispatchers route fleets of trucks?how many Americans get paid through direct deposit.  And we are closer to the breaking point than 99.9% of Americans even begin to understand. Here's one example.  Qwest-one of America's biggest carriers-recently said they're 63% loaded on their network. That doesn't sound too bad?until you understand how these networks operate. You can't load a network much past 65%. In fact, 70% is virtually catastrophic-because the network spends so much time searching for open channels, it doesn't spend any time actually sending packets of information.  The system locks. Communications stops. The nation comes to a standstill. Quite simply, America is falling behind the rest of the developed world, and we've got to catch up fast!  Internet traffic systems currently run faster in Australia, Europe and even South America. That's because we push out more data than everyone else-but we're not increasing capacity at anywhere near the needed rate.  Get this-data traffic is DOUBLING every year now. That means a network running at 63% of capacity needs to double its load by this time next year just to keep up. That's why the fiber must-and will-be lit. Otherwise business, the economy and our national security are all in the crapper.  So how does a smart investor profit? As I mentioned, the Big 3 systems manufacturers (Nortel, Cisco and Lucent) handle the contracts. But they're all in tough competition with one another. I prefer JDSU, which gives these guys the TOOLS they need to do the job.  There's very little credible competition at that end. If you want reliability, great service and appealing cost structures, it's the ONLY place to turn.  At the height of the boom, JDS Uniphase's stock was nearly 20-times higher. What changed? Spending on communications networks dried up. Now the government is ready to pump $100 billion in emergency spending into the economy; interest rates are practically zero; and the need isn't just vital for the economy anymore-it's a question of NATIONAL SECURITY!  That's why I'm so sure of the immense opportunity ahead if you invest in JDSU today. What's more (here's the best part!) this is NOT the only fiber optic play I'm recommending my TECHNOLOGY INVESTING readers load up on now.   For the full story-and my complete recommendation on JDSU and other top tech picks-I want to tell you about a very special opportunity. Sign up for my FREE email seminar, "Success Secrets of a Tech Stock Pro" now, and each week for the next month, I'll send you a special investing bulletin just like this one-profit-packed with the very best tech investing opportunities today?the full story on JDSU and the fiber "glut"?my top biotech pick for 2002?the 4 questions you must ask before buying a single tech stock next year?ways to avoid the technology investing mistakes that cost most investors millions of dollars in profits this year?and MUCH, MUCH more! It's FREE and only available for a limited time to InvestorPlace.com members! Click here now  to sign up.     ACCOUNT MANAGEMENT  We hope this free digest of investing advice is valuable to you. If you'd like to change your e-mail address (DON.BAUGHMAN@ENRON.COM), or unsubscribe, please do so by going to the following address: http://www.investorplace.com/optin-unsub1.php?t=0ML186    Your name will be removed from our list within 7-10 working days   Copyright 2001 InvestorPlace.com  Presented by Phillips Interactive Serious investors. Expert advice. Real profits.


Mark,

I am guessing that he wants Stat Dat files for March and April for each
turbine.  Kurt is going to come by in the morning and explain further.

John - Please prepare a CD with the stat dat files for March and April at
Dessert Sky (aka Clear Sky aka Indian Mesa) for each of the turbines.

If anyone has any other thoughts on what this might mean please pipe up.

Hollis
---------------------- Forwarded by Hollis Kimbrough/EWC/Enron on 05/06/2002
04:47 PM ---------------------------

Kurt Anderson
05/06/2002 02:55 PM
To: Mark V Walker/EWC/Enron@ENRON, Hollis Kimbrough/EWC/Enron@ENRON, Bo
Thisted/EWC/Enron@Enron, George Griese/EWC/Enron@Enron
cc:

Subject: Clear Sky Raw Data

Fernando Salas of AEP has requested additional raw data for the Clear Sky
project. He has asked for production data for March and April along with MET
and curtailment data for April.


Don,

Thank you for having Mark and I over on Saturday.  We really enjoyed
ourselves and had a great time meeting everyone.

As we discussed Saturday, I have attached my resume (in Word 2000 format, if
your system requires another format please let me know).
I really appreciate you taking the time to review and forward my resume on.
If you have any questions please feel free to call me.

Sincerely,

Christine Walton
(713)592-6259

_________________________________________________________________
Get your FREE download of MSN Explorer at http://explorer.msn.com/intl.asp

 - ChristineWaltonResume.doc


---------------------- Forwarded by Stinson Gibner/HOU/ECT on 03/02/2001
01:22 PM ---------------------------

Nick Bambos <bambos@stanford.edu> on 03/02/2001 11:33:11 AM
To: Stinson.Gibner@enron.com
cc: gappy@stanford.edu, cope@csli.stanford.edu, bambos@stanford.edu
Subject: Re: visit to Houston

Hi Stinson,

Giuseppe, Eric and I, arrive on Thusday night at 10pm. We'll try
to reserve rooms at the DoubleTree Hotel next to the Enron building.
Does Enron get special deals with this hotel? >>>GIUSEPPE, can you
please make the reservations?<<

1) SCHEDULE:

I leave on Friday at 5:25pm from the Houston/HOBBE(?) airport going to
Washington, DC. What time should I leave Enron?

Eric and Giuseppe leave later I think, around 8pm flying back to SFO.

2) MEETINGS

Giuseppe has prepared a 30-45min talk on IP pricing.

If possible, we would like to have a brainstorming session(s) with
your group  to discuss various technical issues, problem formulations
and research directions/results.

Other meetings with EBS and the trading group would be useful too.

 >>>GIUSEPPE, can you please call Stinson and see how we can optimize the
agenda and maximize the value of the visit. I am swamped today...<<<

I look forward to seeing you on Friday.

Talk to you soon!

Nick

At 06:13 PM 2/27/2001 -0600, you wrote:

>Nick,
>
>I hope everything is OK in Palo Alto.   Are you able to come to Houston on
>the 9th of March?   Please let me know of your plans so we will know what
>times to set up discussions.   I will try calling you tomorrow to check on
>your plans, or feel free to call me.
>
>Regards,
>
>Stinson
>713 853 4748


Dear Derivatives Week subscriber:

Catch the latest breaking news in this week's issue by clicking
here: http://www.derivativesweek.com

Top stories this week:
_____________________________________________________________
FRENCH BANK PITCHES FIRST TENDER OPTION
A French bank is combining insurance and derivatives in interesting new
ways.?
Find out who is offering this product, and who might be interested in buying
it
in this week's issue.

YARD OF DOLLAR/YEN OPTIONS TO STEER FX MART
A massive option went through the dollar/yen options market last week. Find
out what that means for trading in the currency this week.

REVISED JAPAN ACCOUNTING RULES MAY BOOST EQUITY BIZ
An accounting regulation change in Japan is likely to boost activity in
equity
derivatives in Japan. Find out why in this week's issue.
_____________________________________________________________

As a DW subscriber, you are eligible for complimentary access to the
Subscribers Only area of the <www.derivativesweek.com> site, which
contains the current issue and a searchable archive of all past issues.
Use your User ID and Password to access the entire site. If you don't
have these yet, hit 'REPLY' to this email, fill out the proper information
below, and send it back to me. I'll get you set up right away!

===============================

Newsletter Title:
My name is:
My company is:
My city location is:

I choose my new user name to be:
I choose my new password to be:

===============================
?
If you'd prefer, call our Customer Service Department at 212-224-3800
and give them the information above.

>>>>>>>>>>>>>>>>>>>>>>>>>><<<<<<<<<<<<<<<<<<<<<<<<<<
YOUR USER NAME AND PASSWORD ARE FOR YOUR PERSONAL
USE ONLY.? THEY MAY NOT BE SHARED WITH ANYONE AND
NO ONE ELSE SHOULD ACCESS THE SITE WITH YOUR USER NAME
AND PASSWORD.
>>>>>>>>>>>>>>>>>>>>>>>>>><<<<<<<<<<<<<<<<<<<<<<<<<<

If you have questions, comments or suggestions, please do not hesitate
to call me at 1-212-224-3034.

Thanks and enjoy this week's issue.

Jim Beecher
Publisher

NOTE: You will receive weekly updates of the hottest stories in
Derivatives Week. These are not random mass mailings but
rather one-time messages for your personal attention. If you do
not wish to continue to receive these notices, please click 'reply',
type 'remove' and enter your name and company. You will then
be removed from our email database.


Vince,

1) Did you talk to Whalley about Christian Werner?  I am sure that the is going to be calling in the next few days, and will want to know the status of his employment with Enron.

2) As you know Stephen Bennett would like to go to Rice's Executive MBA program.  In light of everything that is going on, do you still want to fund this?  The cost is 65K for two years, and we will need to submit a letter of nomination on Enron letterhead signed by a senior exec agreeing to do the following: 1) provide full financial support for the nominee, payable at the beginning of each academic year, and 2) Schedule the Nominee's work and travel requirements to permit regular class attendance, including the international trip, and completion of class assignments.   Steve would like to attend in the fall, and app's are due in the beginning of 2002, so we just need to work on this, if you agree to pay for it.

Thanks,
Anne


Meter 0986315 Shawnee Spring Common Point was shut-in on 6/13/2000 due to
high dew point.  Repeated attempts by the pumper to dry out the gas have
failed.  The meter will remain shut-in until the dew point is within pipeline
quality specs.

Gary H.
---------------------- Forwarded by Gary A Hanks/HOU/ECT on 06/15/2000 10:47
AM ---------------------------

	From:  Sean J Smith                           06/14/2000 05:55 PM

To: Gary A Hanks/HOU/ECT@ECT
cc:
Subject: #986315

I received a call from Carl Drachenberg with HMS at approximately 1:45 PM on
6/13/00 stating that he pulled a stick on meter #986315 and it was wet and
flowing at 35 lb. I asked Gary Hanks what we want to do and he said to have
Carl notify the producer and shut it in.   I notified Carl and he got in
touch with the producer and they shut the compressor down at approx. 2 PM on
6/13 and at that time there wasn't any flow.  Carl came back out there at 8
AM on 6/14 and closed the valve and removed the chart. There was no flow
after they shut the unit down and it was flowing between 500 and 300 mcf.
The meter is now out of service.

Any questions - you know where to find me.


HOUSTON ) Enron Broadband Services (EBS), a wholly owned subsidiary of Enron
Corp. and a leader in the delivery of high-bandwidth application services,
announced today content delivery contracts with Road-Show.Com, an online
resource for individual investors, and Q4i.com, a financial services provider
offering an online broker resource called BrokerIQ.  The two financial
services companies will use Enron,s ePoweredv Market Cast and the Enron
Intelligent Networkv (EIN) to enhance the quality and speed of content
delivery to their investors.  Enron,s solution provides TV-quality streaming
video with delivery speeds up to 50 times faster than the public Internet.
&These agreements reflect the financial services industry,s need for better
and faster delivery of online content,8 said Joe Hirko, co-CEO of Enron
Broadband Services.  &The Enron Intelligent Network allows visionary
companies like Road-Show.Com and Q4i.com to serve their customers with video
to the desktop that has unparalleled speed, clarity and quality.8
Road-Show.Com is a fully integrated producer of online streaming media.  The
company,s Xvenuev platform offers clients a turn-key solution for
personalized live or on-demand webcast communications.  Road-Show.Com broadly
streams the presentations that companies typically give on road shows prior
to an initial public offering to audiences that include individual and
professional investors.
&The Enron Intelligent Network and Market Cast technology will allow
Road-Show.Com to offer our customers something they have never had access to
before ) real-time company presentations and one of the fastest, richest
viewing experiences possible.  This will enhance their ability to make fully
educated investment decisions,8 said Trey Fecteau, president of
Road-Show.Com.
Q4i.com provides &one-stop8 advanced technology solutions for financial
services companies and their clients.  With its flagship product, BrokerIQv,
professional brokers and their firms have a complete broker management system
at their fingertips.  Q4i.com will utilize EBS to distribute financial video
clips to clients via its BrokerCityv product.  In addition, Enron will
deliver Q4i.com,s live and on-demand streaming video clips of golf resorts,
golf courses, golf real estate, equipment and golf travel for Internet users
around the world through GolfTVv, Q4i.com,s online video network.
&Our clients now have streaming video features available on their desktops
via Enron,s network,8 said J. Frederic Storaska, chairman and co-CEO of
Q4i.com.  &They not only will enjoy on-demand streaming video of financial
and golf information, but they,ll have the opportunity to take advantage of
special vacation and equipment offers reserved exclusively for our
broker-dealers.8
Enron,s ePowered Market Cast Solution
ePowered Market Cast, an application of the Enron Intelligent Network, is an
end-to-end streaming media solution for banks, brokerages and other financial
services firms.  Using ePowered Market Cast, companies can enhance investor
relations, conduct virtual road shows and stream analyst presentations from
their websites.  In addition, ePowered Market Cast is a powerful intranet
solution for providing real-time financial news, data feeds, training and
presentations to an internal audience.  The application streams video at an
average bit-rate speed of 200 kilobits per second (kbps).
The Enron Intelligent Network is based on distributed server architecture, a
pure Internet Protocol (IP) platform and embedded software intelligence that
sets it apart from other networks.  The EIN,s enhanced performance is due to
its ability to deliver streaming media content &one hop8 away from the user
at the closest EIN edge server.  The result is a TV-quality viewing
experience for the user.  In contrast, the public Internet,s ability to
deliver the broadband content businesses need is often hampered by packet
loss, interference and other disruptions that slow down transmission speed
and compromise the end user,s experience.
About Enron Broadband Services
Enron Broadband Services, formerly Enron Communications, Inc., is a leading
provider of high quality, broadband Internet content and applications.  The
company,s business model combines the power of the Enron Intelligent Network,
Enron,s Broadband Operating System, bandwidth trading and intermediation
services, and high-bandwidth applications, to fundamentally improve the
experience and functionality of the Internet. Enron introduces its Broadband
Operating System to allow application developers to dynamically provision
bandwidth on demand for the end-to-end quality of service necessary to
deliver broadband content.  Enron is also creating a market for bandwidth
that will allow network providers to scale to meet the demands that
increasingly complex applications require.  A wholly owned subsidiary of
Enron Corp. (NYSE: ENE), Enron Broadband Services can be found on the Web at
www.enron.net.
 About Enron
Enron is one of the world,s leading electricity, natural gas and
communications companies.  The company, which owns approximately $34 billion
in energy and communications assets, produces electricity and natural gas,
develops, constructs and operates energy facilities worldwide, delivers
physical commodities and financial and risk management services to customers
around the world, and is developing an intelligent network platform to
facilitate online business.  Enron,s Internet address is www.enron.com.  The
stock is traded under the ticker symbol, &ENE.8


Kim, no we do not have a form b yet.  I will need one before printing
executables

Thanks
Twanda

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

Michelle Cash
Enron North America Corp.
1400 Smith Street, EB 3823
Houston, Texas  77002
(713) 853-6401
michelle.cash@enron.com

This message may contain confidential information that is protected by the
attorney-client and/or work product privileges.

	Kim Melodick
	06/23/2000 10:08 AM

		 To: Michelle Cash/HOU/ECT@ECT, Twanda Sweet/HOU/ECT@ECT
		 cc:
		 Subject: Re: Agreement - Leaf Harasin

See below.  Do you have a form B date?
---------------------- Forwarded by Kim Melodick/HOU/ECT on 06/23/2000 10:07
AM ---------------------------

Amy FitzPatrick
06/22/2000 06:07 PM
To: Kim Melodick/HOU/ECT@ECT
cc: Tim Belden/HOU/ECT@ECT, John M Forney/HOU/ECT@ECT
Subject: Re: Agreement - Leaf Harasin

Spoke with Leaf - no questions or concerns.  Please prepare executable.

Amy

Kim Melodick
06/22/2000 06:56 AM
To: Amy FitzPatrick/PDX/ECT@ECT
cc:
Subject: Re: Agreement - Leaf Harasin

Any word from Leaf?  Are we needing an executable?

Amy FitzPatrick
06/19/2000 01:58 PM
To: Kim Melodick/HOU/ECT@ECT
cc:
Subject: Agreement - Leaf Harasin

Tim is fine with the draft agreement.  I am sending overnight to Leaf today,
so I will come back to you with any of his comments tomorrow.

Thanks for your help in this matter.

Amy


Because of computer glitch the API data summary table is incorrect. We will
forward a new table shortly.

PIRA Energy Group


---------------------- Forwarded by Christi L Nicolay/HOU/ECT on 10/15/99
02:51 PM ---------------------------

	From:  Christi L Nicolay                           10/15/99 02:52 PM

To: Hhawks@tenaska.com
cc:
Subject: SERC/Enron/TVA

Mr. Hawks--As requested by Mr. Skilling, I am sending to you the examples
that Enron included in its October 6 letter to you (with several words added
to fully explain the 2000 MW example).  As explained in the discussion in the
October 6 letter, Enron would like to ensure that NERC's response
specifically addresses the types of transactions included in these examples
in order to avoid implementation problems and suggests including examples in
your decision.  Thank you.  Christi Nicolay 713-853-7007


Here's the gov's analysis of the MOU.  Have a good weekend.

Best,
Jeff
----- Forwarded by Jeff Dasovich/NA/Enron on 04/28/2001 01:26 PM -----

 - Governor's cost-benefit for MOU.pdf


Joanne:  please set up a short (30 minute) meeting with my group on Tuesday afternoon.  Thanks.  Sara

Sara Shackleton
Enron Wholesale Services
1400 Smith Street, EB3801a
Houston, TX  77002
Ph:  (713) 853-5620
Fax: (713) 646-3490


I spoke with Eduardo Acosta at the TNRCC.  He has stated that if a turbine
is not subject to any NSPS or 30 TAC 117 requirements you don't have to list
them on an OP-UA form.  I've prepared the renewals with an OP-UA11 form that
makes a negative Subpart GG applicability statement.  However, if you prefer
I can remove these forms.  Having the forms in the permit makes it clear to
an inspector that the turbine is "grandfathered" from GG.  What is your
preference?

Jon E. Fields, REM
Argent Consulting Services, Inc.
Ph: (281) 953-1008
Fx: (291) 759-9656


Untitled Document
DirectMeds.....................Your Online Pharmacy Source
 [IMAGE]    	 VIAGRA Helping millions of men feel youthful again.  VISIT US HERE   If you are looking to enhance your sexual performance or address other health issues....  Visit us online today!                       24 Hour Delivery                                             Lowest Prices   Discreetly available online at the lowest prices       Because good health should be available to everyone
	Over 22 products available including:   Xenical - Propecia - Claritin - Allegra- Celebrex - Renova - Zyban - Vioxx - Prozac - Valtrex  AND MUCH MORE.......

 We strongly oppose the use of SPAM email and do not want anyone who does not wish to receive our mailings to receive them. As a result, we have retained the services of an independent 3rd party to administer our list management and remove list. This is not SPAM.  If you do not wish to receive further mailings, please click below and enter your email at the bottom of the page. You may then rest-assured that you will never receive another email from us again. http://www.removeyou.com Member ID 027316


Over the last few months, we have been discussing our standard E-mail
platform with you, our customer.  Your feedback from the various
demonstrations, surveys and Technology Showcases validated that E-mail is a
vital part of your ability to communicate effectively.  However, your
feedback also indicated that you need your E-mail client to have additional
functionality and increased integration with other applications you use.
Therefore, to meet the demands of our fast-paced business, Enron Net Works is
standardizing our E-mail platform by deploying Microsoft Outlook 2000 to all
the Business Units we currently support for messaging.  (Project plans for
EBS, EES and Azurix are still being finalized and will be communicated
separately.)

This conversion from Lotus Notes to Outlook 2000 will improve your ability to
communicate and provide a more consistent look and feel across the standard
office applications you use on a daily basis.  We are excited about this
opportunity to provide a more robust, full function solution for your
messaging needs.   To provide you with additional details about the
conversion from Lotus Notes to Outlook 2000, we are including a list of
frequently asked questions about this project.

How does this project affect me?
Your current Lotus Notes E-mail system will be converted to Microsoft Outlook
2000.

What is Microsoft Outlook 2000?
Outlook 2000 is the messaging client you will use to read your E-mail, update
your calendar and personal address book, record to do lists, etc.

Why are we switching to Outlook 2000?
Outlook 2000 integrates more effectively with our new operating system,
Windows 2000, and the Microsoft products that Enron currently uses. With
Outlook 2000, we can provide you with a more robust mail platform including
the following new features:

Instant Messaging ) Ability to send person-to-person, immediate, pop-up
messages.
Improved Palm/CE Synchronization ) Allows for simpler and quicker updates of
your hand held device from multiple places.
Conferencing Server ) Ability to conduct video conferences from your desktop.
Web Access ) Ability to retrieve your Enron E-mail via a browser.
Fax Integration ) Ability to send/receive faxes from your E-mail Inbox.
Voice Mail Integration ) Ability to have your voice mail delivered to your
E-mail Inbox for retrieval.

When will the Outlook 2000 rollout start and when will I get it?
The pilot will begin in late October with the production rollout beginning in
late November.  We are finalizing our Business Unit rollout schedule.
Additional information will be provided to all business units as it becomes
available.  Project updates will be posted on the Project section of the IT
Central web site at http://itcentral.enron.com.  Additionally, you may send
questions to Outlook.2000@enron.com, and a member of the project team will be
happy to address these individually.


I have reduced our nominations to below the stated amount.  We are in good
shape.
Scott

Chris Germany@ECT
03/13/2000 07:12 AM
To: Scott Goodell/Corp/Enron@ENRON
cc:

Subject: Storage Ratchets -- Enron North America

Should we stop withdrawing?
---------------------- Forwarded by Chris Germany/HOU/ECT on 03/13/2000 07:11
AM ---------------------------

Angie Zeman@ENRON
03/10/2000 01:57 PM
To: Chris Germany/HOU/ECT@ECT, Katherine L Kelly/HOU/ECT@ECT, Victor
Lamadrid/HOU/ECT@ECT, Kate Fraser/HOU/ECT@ECT
cc:
Subject: Storage Ratchets -- Enron North America

---------------------- Forwarded by Angie Zeman/Corp/Enron on 03/10/2000
01:54 PM ---------------------------

Ora_L_Ash@CNGT.CNG.COM on 03/10/2000 12:58:40 PM
To: MLAFUZE@ECT.ENRON.COM, Angie.Zeman@enron.com
cc:
Subject: Storage Ratchets -- Enron North America

     As of  March 8, 2000,  the Storage Gas Balance for Contract 530586 was
2,944 dekatherms or 21%  full.

     CNG Transmission Corporation

?s (CNGT) Rate Schedule GSS,  Section 8.4
provides that if Storage Gas Balance is less than or equal to 16%, then CNGT?s
obligation to make deliveries from storage shall be reduced by 30%.
Therefore,
when Storage Gas Balance falls below 16% or 2,236 dekatherms,  CNGT?s
obligation
to make deliveries from this storage account shall be reduced from 210
dekatherms to 160 dekatherms.

     Please review,  monitor, and if necessary, adjust the storage withdrawals
to avoid overruns and the resulting penalties as provided in Section 35.3B of
the General Terms and Conditions.  If you have any questions, please feel free
to contact me at 304-623-8546.


please preparre a "no thanks" letter to this person.  Thanks.  Michelle

---------------------- Forwarded by Michelle Cash/HOU/ECT on 12/07/2000 09:49
PM ---------------------------

	Enron North America Corp.

	From:  Molly Magee                           12/06/2000 08:50 AM

To: Michelle Cash/HOU/ECT@ECT
cc:
Subject: Re: Enjoyed meeting you

Here's our standard decline letter.

Molly

Michelle Cash
12/05/2000 11:46 PM
To: Molly Magee/HOU/ECT@ECT
cc:
Subject: Enjoyed meeting you

Molly, could you please forward the "thanks, but no  thanks" template letter
to me?  I will send it to her since she interviewed.  For persons who don't
interview,  I think the "no thanks" letter can come from HR.

Thanks for your assistance on this.

Michelle

---------------------- Forwarded by Michelle Cash/HOU/ECT on 12/05/2000 11:38
PM ---------------------------

ARLGin48@aol.com on 11/30/2000 10:09:04 PM
To: Michelle.Cash@enron.com
cc:
Subject: Enjoyed meeting you

Dear Michelle---Just a note to tell you I thoroughly enjoyed meeting you
today.  Thank you for taking time to learn more about my background and
experience and to share your Enron story with me.  I am very interested in
the available position because I welcome the opportunity to learn new things
and improve my skills.  Although I have not worked at a law firm, I am
fortunate to say that my in-house experience has been very hands-on with most
of the transactions and all of the labor matters handled without outside
counsel.  I discussed this point at some length with Elizabeth Sager and left
a reference list with Molly McGee in HR.  Looking forward to hearing from you
soon,

Alice Ginsburgh


that's fine...i can meet you by the elevators for the parking garage

 -----Original Message-----
From: 	South, Steven P.
Sent:	Tuesday, February 12, 2002 2:15 PM
To:	Scott, Susan M.
Subject:	RE: Hi there

how about 4:30 Janie is out at 4:00

 -----Original Message-----
From: 	Scott, Susan M.
Sent:	Tuesday, February 12, 2002 1:10 PM
To:	South, Steven P.
Subject:	RE: Hi there

you tell me...you're the one that is actually working these days.

Would you mind mentioning it to Janie as well...I'd hate to not offer?

 -----Original Message-----
From: 	South, Steven P.
Sent:	Tuesday, February 12, 2002 12:39 PM
To:	Scott, Susan M.
Subject:	RE: Hi there

I would love a ride. What time

 -----Original Message-----
From: 	Scott, Susan M.
Sent:	Tuesday, February 12, 2002 12:20 PM
To:	South, Steven P.
Subject:	Hi there

Was wondering if you'd like a ride home this evening.  Also, if Janie would like one she's more than welcome to join.


What time is call and what is #?

	From:  Rebecca W Cantrell @ ECT                           12/12/2000 06:45 PM

To: Steve Montovano/NA/Enron@Enron, Jeff Dasovich/NA/Enron@Enron, Paul
Kaufman/PDX/ECT@ECT, Leslie Lawner/NA/Enron@Enron, Richard
Shapiro/NA/Enron@Enron, Steven J Kean/NA/Enron@Enron
cc:

Subject: Gas Issues paper

For discussion during the conference call tomorrow, attached is a revision of
Leslie's paper with an attachment illustrating the type of tariff information
we are capturing for the interstates.  If you think we need to capture any
additional information, please advise.

---------------------- Forwarded by Rebecca W Cantrell/HOU/ECT on 12/12/2000
06:37 PM ---------------------------
From: Leslie Lawner@ENRON on 12/12/2000 02:06 PM
To: Rebecca W Cantrell/HOU/ECT@ECT
cc:
Subject: Gas Issues paper

----- Forwarded by Leslie Lawner/NA/Enron on 12/12/2000 02:05 PM -----

	Leslie Lawner
	12/12/2000 02:05 PM

		 To: Steve Montovano/NA/Enron@Enron, Jeff Dasovich/NA/Enron@Enron, Paul
Kaufman/PDX/ECT@ECT, Leslie Lawner/NA/Enron@Enron, Richard
Shapiro/NA/Enron@Enron, Steven J Kean/NA/Enron@Enron
		 cc:
		 Subject: Gas Issues paper

Here is a working draft of the gas issues/diversion/penalties, etc. paper.
Becky is working on the interstate pipeline tariffs and we will insert them,
and Jeff Hidge will be sending something out about ENA legal issues, which I
will add in.  I am also going to work on this tonite, to make the individual
LDC diucssions follow a common template.  However, I wanted you to have
something to look at before the meeting tomorrow morning.  I still have a
couple of LDCs to add.  Thanks.


call this guy listed below
---------------------- Forwarded by Scott Neal/HOU/ECT on 11/13/2000 02:55 PM
---------------------------

Jim Schwieger
11/13/2000 12:19 PM
To: Scott Neal/HOU/ECT@ECT, Rodolfo Freyre/SA/Enron@Enron
cc: Paul Bieniawski/Corp/Enron@ENRON
Subject: Above ground storage

Scott:
I would suggest referring them to Paul Bieniawski at 713-345-8641.

 Swig
---------------------- Forwarded by Jim Schwieger/HOU/ECT on 11/13/2000 12:14
PM ---------------------------

Scott Neal
11/12/2000 07:12 PM
To: Jim Schwieger/HOU/ECT@ECT
cc: Rodolfo Freyre/SA/Enron@Enron
Subject: Above ground storage

Jim,

Any thoughts or guidance on the question below?

Scott
---------------------- Forwarded by Scott Neal/HOU/ECT on 11/12/2000 07:11 PM
---------------------------

Rodolfo Freyre@ENRON
10/25/2000 12:13 PM
Sent by: Rodolfo Freyre@ENRON
To: Scott Neal/HOU/ECT@ECT
cc:
Subject: Above ground storage

Scott,

Any idea who could help us understand alternatives on "above ground storage"
within North America?

Thanks,

Rolo


Audrey,

Here are my bullets for the week. Michelle may have one more bullet to add to the Current Week Activity section if she closes her deal for September with Burlington.

Thanks, I'll give you a call somewhere along the road.  Kim