FYI

Vince

---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 08/07/2000
01:47 PM ---------------------------
From: Norma Villarreal on 08/07/2000 01:18 PM
To: Vince J Kaminski/HOU/ECT@ECT, Shirley Crenshaw/HOU/ECT@ECT
cc: Sheila Walton/HOU/ECT@ECT
Subject: Re: Anita DuPont Resume

Sheila Walton is out of the office this week. I will be the HR representative
handling this group in her absence.  Please send the job description to me,
Norma Villarreal, so that I can begin the process.

Please call me if you have any questions on this or any other HR related
issue.

Thank you
Norma Villarreal
X31545

Vince J Kaminski
08/07/2000 08:29 AM
To: Sheila Walton/HOU/ECT@ECT
cc: Vince J Kaminski/HOU/ECT@ECT, Shirley Crenshaw/HOU/ECT@ECT, Norma
Villarreal/HOU/ECT@ECT
Subject: Re: Anita DuPont Resume

Sheila,

No, we have to go through the posting phase first.
I shall ask Shirley to provide the job description.

Vince

	From:  Sheila Walton                           08/04/2000 02:44 PM

To: Vince J Kaminski/HOU/ECT@ECT
cc: Norma Villarreal/HOU/ECT@ECT
Subject: Re: Anita DuPont Resume

Vince, Alice has strong qualities for a Sr Admin Asst.  Vince, have we posted
this position on the job posting board?  If so, great.  If not, we need to
post this opening to prove that we have given an opportunity to all existing
Enron employees before we go outside to external candidates.  Otherwise,
existing employees have a valid complaint that we are limiting their
advancement within Enron but hiring externally.   If we have not posted this,
I will have the recruiter contact Shirley so Shirley can give us a job
description.  Then we can post and interview Anita simultaneously.  Please
let me know ASAP if this has been posted.  Thanks.

Sheila Walton

Vince J Kaminski
08/02/2000 08:48 AM
To: Sheila Walton/HOU/ECT@ECT
cc: Vince J Kaminski/HOU/ECT@ECT
Subject: Anita DuPont Resume

Sheila,

I would like to hire Anita DuPont as a senior admin assistant, reporting
to Shirley.

Please, call me about it after you review the resume.

Vince

---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 08/02/2000
08:52 AM ---------------------------

Anita DuPont@ENRON
08/02/2000 08:17 AM
To: Vince J Kaminski/HOU/ECT@ECT
cc: Shirley Crenshaw/HOU/ECT@ECT
Subject: Anita DuPont Resume

Vince:

Here is the resume you requested.  Thanks.   Anita


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 08/09/2000
04:43 PM ---------------------------

Zimin Lu
08/09/2000 01:08 PM
To: Vince J Kaminski/HOU/ECT@ECT, Stinson Gibner/HOU/ECT@ECT, Stinson
Gibner/HOU/ECT@ECT
cc:
Subject: TRANSPORTATION MODEL

The Friday meeting is set at 11:15 in 30C1.

Zimin

---------------------- Forwarded by Zimin Lu/HOU/ECT on 08/09/2000 01:04 PM
---------------------------

	Enron North America Corp.

	From:  Colleen Sullivan                           08/09/2000 12:11 PM

To: Keith Holst/HOU/ECT@ect, Andrew H Lewis/HOU/ECT@ECT, Fletcher J
Sturm/HOU/ECT@ECT, Larry May/Corp/Enron@Enron, Kate Fraser/HOU/ECT@ECT, Zimin
Lu/HOU/ECT@ECT, Greg Couch/HOU/ECT@ECT, John Griffith/Corp/Enron@Enron,
Sandra F Brawner/HOU/ECT@ECT, John J Lavorato/Corp/Enron@Enron, Hunter S
Shively/HOU/ECT@ECT, Phillip K Allen/HOU/ECT@ECT, Scott Neal/HOU/ECT@ECT,
Thomas A Martin/HOU/ECT@ECT, Steve Jackson/HOU/ECT@ECT
cc: Julie A Gomez/HOU/ECT@ECT, Stephanie Miller/Corp/Enron@ENRON
Subject: TRANSPORTATION MODEL

Please plan to attend a meeting on Friday, August 11 at 11:15 a.m. in 30C1 to
discuss the transportation model.  Now that we have had several traders
managing transportation positions for several months, I would like to discuss
any issues you have with the way the model works.   I have asked Zimin Lu
(Research), Mark Breese and John Griffith (Structuring) to attend so they
will be available to answer any technical questions.   The point of this
meeting is to get all issues out in the open and make sure everyone is
comfortable with using the model and position manager, and to make sure those
who are managing the books believe in the model's results.   Since I have
heard a few concerns, I hope you will take advantage of this opportunity to
discuss them.

Please let me know if you are unable to attend.


We were again delayed by the cali market information inaccuracies. The
corrections are still not made because of mass confusion with the iso.  I
chose to run the P&L and take reserves against the estimated revenue because
we have discovered that our purchased schedules were actually cut by the px
and iso.  And we did not know the schedules were cut as the control areas
(BPA, LA, ISO) did not inform us, so we did not resupply our firm sales which
might leave us open to Liquidated damages, once the control areas provide
final flows to the utilities.

We have begun a task force that includes risk, vol mang, real time, and
traders so that we can enumerate the schedules and their values.

Also, if we had been able to publish at noon, our VAR numbers were not
available, and at this time (12:30 houston) are still not available.


As we are having software problems, I am sending a clean version of the Enron
draft of the agreement. Please e-mail me a compare write showing any changes
to this clean version.

Thanks,

Ben

-----Original Message-----
From: Jacoby, Ben
Sent: Mon 6/4/2001 11:20 AM
To: Krimsky, Steven; Mann, Kay; orshefskyd@gtlaw.com; medleyb@gtlaw.com
Cc:
Subject: latest draft of Deerfield Agreement

Kay:

I incorporated the change to the opening para. from your e-mail to accounting
on 5-31.


<<CSFB_EnergyTech_dec6.pdf>>

Summary of Energy Technology Bulletin:

* The three-pack of Capstone microturbines capable of generating 90kW
of electricity has surpassed 6,000 hours (9 months) of non-stop operation at
a PanCanadian Petroleum oilfield in Alberta.  Not only has the units
achieved this length of operation, but they have done so at maximum output
with 100% availability.  Owing to their success with these units,
PanCanadian recently placed another three-pack of Capstone microturbines at
their Pelican Lake facility.
* Following the announcement that the exclusive joint development
agreement for fuel processor technology between UOP and Avista Labs
(subsidiary of Avista Corporation) would expire and not be renewed, UOP
intends to offer this fuel processor technology on a non-exclusive basis to
various fuel cell developers.
* Bergerat Monnoyeur Travaux Publics (BME), a Caterpillar dealer in
France, has ordered 51 Active Power flywheels (CleanSource(tm) DC) valued at
$1.4 million.  The units will be used to protect a 10 MW wafer fab facility
owned by STMicroelectronics in that country.

Regards,

Energy Technology Research
CREDIT | FIRST
SUISSE | BOSTON

Marko Pencak (Hardware)
Neil Stein (Independent Power and e-Commerce)
Cameron Jeffreys (Associate)

 - CSFB_EnergyTech_dec6.pdf


I will bid $6 for Cary Blanchare, K Arizona and $3 for Gary Anderson K Minn
PL


We will hold off transferring any physical positions desk to desk until the end of bidweek.  After NX1, we will transfer positions at a daily EOL Index mid price.  Please monitor my book and others to make certain DEC deals are not being transferred prior to NX1 at an IF monthly or GD daily mid price.

Thanks,

Mike


Hi Mark

FYI - We are planning to launch the LME Registered Contracts on Monday 25th
September.  We currently have all US counterparty profiles set to Read these
products.  Please let me know whether the profiles need to be amended.

Look forward to receiving the detailed guidelines which we will need to
incorporate into the PCG process and disseminate to all marketers.

Regards

Amita
---------------------- Forwarded by Amita Gosalia/LON/ECT on 19/09/2000 09:21
---------------------------

Bruce Garner
18/09/2000 13:59
To: Mark Taylor/HOU/ECT@ECT
cc: Amita Gosalia/LON/ECT@ECT

Subject: cftc

Mark,

Thanks for the good news on Friday.

Can you please outline the pocedures we should follow for our Online LME
business.

regards
bruce


-----Original Message-----
From: Mstir54@aol.com <Mstir54@aol.com>
To: tessa.ingrid@juno.com <tessa.ingrid@juno.com>; giles@mantra@online.com
<giles@mantra@online.com>; jgosar@pcez.com <jgosar@pcez.com>;
mike_mahaffey@marketstrategies.com <mike_mahaffey@marketstrategies.com>;
Rik@xprt.net <Rik@xprt.net>; tren@inetarena.com <tren@inetarena.com>;
krichardson@ffadesign.com <krichardson@ffadesign.com>; sri_moonshine
<sri_moonshine@oro.net>; dharmazone@earthlink.net
<dharmazone@earthlink.net>; pmsloper@stoel.com <pmsloper@stoel.com>;
tzara@tabla.com <tzara@tabla.com>; mbelieve@teleport.com
<mbelieve@teleport.com>; geoff@spiritone.com <geoff@spiritone.com>;
mela@lamonteyoung.com <mela@lamonteyoung.com>
Date: Wednesday, March 07, 2001 11:28 AM
Subject: Buddha

>A friend of mine forwarded this email from Gary Snyder - I was deeply moved
>and wanted to share it.
>
>Please pray for compassion.
>Michael Stirling
>
>> Subject: Bamiyan
>> Date: Tue, 6 Mar 2001 16:15:04 -0800
>> From: Gary Snyder <gssnyder@ucdavis.edu>
>>
>> Hs_an Tsang described the gleaming, painted giant stone Buddhas standing
in
>> their cave-niches along the Bamiyan Valley as he passed through there on
>> foot, on his way to India, in the 7th century AD.  Last week they were
>> blown up by the Taliban.  Not just by the Taliban, but by nature-denying
>> authoritarian worldviews that go back much farther than Islam.  The whole
>> world lost another bit of beauty, generosity, and inspiration last week.
>> May we keep our minds clear and calm in the present moment, and honor the
>> dust.
>>
>> Not even
>> under mortar fire
>> do they flinch;
>> the Buddhas of Bamiyan
>> take refuge in the dust.
>


Did you get 1 & 3 ?

DB

 -----Original Message-----
From: 	"SCOTT TICHAVSKY" <STICHAVSKY@PCT-INC.COM>@ENRON
Sent:	Thursday, January 24, 2002 8:54 AM
To:	Baughman Jr., Don; Angie Gillikin
Subject:	Good Morning!!

I should be making it to Happy Hour at the Front  Porch this evening.  Something different.  I need a change.  I  will see ya'll there.

Scott T.


Dear ClickAtHome Participant,

ClickAtHome is interested in making sure you have the latest security tools available to you.  As part of the ClickAtHome program, you may download and update Norton Anti-Virus and BlackICE Defender software from the ClickAtHome Portal.

Norton AntiVirus software repairs computer virus infections automatically.  It scans and cleans your hard drive, diskettes and both incoming and outgoing email.
BlackICE Defender is an industrial-strength anti-hacker system that protects your PC by scanning your DSL, cable modem, or dial-up Internet connection looking for hacker activity. When it detects an attempted intrusion, it automatically blocks traffic from that source, keeping intruders from accessing your system.
By installing and updating both Norton AntiVirus and BlackICE Defender, your ClickAtHome PC will have the latest security offered by these two products.
Instructions for accessing the Portal and downloading the software are provided below.
If you have any questions or wish to provide feedback, please email clickathome@enron.com.  Thank you for your participation in ClickAtHome.
The ClickAtHome Team!
__________________________________
To download the software:
1)  Visit the ClickAtHome Portal at www.clickathome.net from your ClickAtHome PC.
2)  Logon to the Portal with your personally created Portal User ID and Password, or create a new account if you have not created a user ID and password by selecting "Create a NEW Account" at the top left corner.  The Portal User IDs and Passwords are created by you.  The Enron Help Desk is not able to assist with Portal support, but if you need any assistance, please send an email to "clickathome@enron.com".
3) Once you have logged on, select "Tools" from the top menu bar.
4) Under the "Secure Download" heading, click on "BlackICE" or "Norton" and log on to the download page using your SAP ID and Date of Birth.
5) Follow the directions provided on screen.


Dear Chris:  At Gerald Nemec's request, please find a confidentiality agreement he has approved between Enron Compression Services Company and Kinder Morgan CO2 Company, L.P.

Please advise when you're ready for the execution originals, and we'll print them out for you.

Best wishes,
Mary

Mary C. Ogden
Legal Specialist
Enron Wholesale Services/Enron Americas/Legal
x37796


This request has been pending approval for  15 days and you are the alternate.  Please click http://itcapps.corp.enron.com/srrs/auth/emailLink.asp?ID=000000000078941&Page=Approval to review and act upon this request.

Request ID          : 000000000078941
Approver            : sandeep.kohli@enron.com
Request Create Date : 12/11/01 10:30:56 AM
Requested For       : punit.rawal@enron.com
Resource Name       : \\enehou\houston\common\Research - [Read]
Resource Type       : Directory


Stinson -

We will get something to you tomorrow.

Bruce

Stinson Gibner@ECT
01/04/2001 05:18 PM
To: Bruce Lundstrom/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: Vince J Kaminski/HOU/ECT@ECT, Sandeep
Kohli/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT

Subject: CA for Henwood

Bruce,

Evidently your assistant was unsuccessul in finding the CA's used in either
the of the previous Henwood projects for Japan and Korea.

We are working on a project to model the economic viability of Dabhol under
economic dispatch and are faced with a very tight deadline in February.   Can
you help us put together a confidentiality agreement for Henwood Energy
Services, Inc. who will be performing the model calculations?

Any help would be appreciated.

Regards,

Stinson Gibner
V.P. Enron Research
x34748


---------------------- Forwarded by John J Lavorato/Corp/Enron on 07/11/2000
09:59 AM ---------------------------

	From:  Kevin M Presto @ ECT                           07/11/2000 09:54 AM

To: John J Lavorato/Corp/Enron@Enron
cc:

Subject: Bruce

---------------------- Forwarded by Kevin M Presto/HOU/ECT on 07/11/2000
09:47 AM ---------------------------

George Hopley
07/11/2000 09:47 AM
To: Kevin M Presto/HOU/ECT@ECT, Tom May/Corp/Enron@Enron
cc:
Subject: Bruce

Ontario Power Generation and Bruce Power announce leasing agreement at Bruce
Nuclear

    KINCARDINE, ON, July 11 /CNW-PRN/ - Ontario Power Generation (OPG) today
announced it has entered into a major agreement with Bruce Power Partnership
relating to the facilities at the Bruce nuclear site. Bruce Power is 95% owned
by British Energy plc. The transaction provides an opportunity for the two
main unions, the Power Workers' Union and The Society of Energy Professionals
on the Bruce site, to subscribe to 5% of the equity.
    This public/private partnership involves a long-term lease agreement for
the Bruce A (3076 MW-currently in lay-up), and Bruce B (3140 MW) facilities.
The lease runs until 2018, with an option to extend for up to another 25
years. OPG will receive an initial payment of $625 M to be made in three
installments. A first payment of $400 M will be made on closing subject to
normal closing adjustments. The remaining $225 M will be paid in two
installments of $112.5 M each.
    Bruce Power's annual payments include base and variable elements. The
variable elements include a share of the net revenue, and supplementary
payments for the management of used fuel. In total these payments are
estimated to be about $150 M in calendar year 2002.
    Bruce Power will offer employment to all employees at the Bruce site,
other than those being retained by OPG. Employees remaining with OPG include
those that provide waste management and centralized nuclear operations support
services. The agreement is expected to close, subject to Bruce Power obtaining
the necessary licences, in the summer of 2001.
    "Today's announcement is good news for employees, the community, the
electricity consumer and the shareholder" stated Ron Osborne, OPG President
and CEO. "This agreement injects private equity into the Bruce facilities
which in turn will provide new opportunities for employees and the community.
It is also a major step towards opening the Ontario electricity marketplace to
competition and providing electricity consumers with choice." Osborne noted
that an additional benefit of the agreement allows OPG to concentrate on
accelerating the performance improvements underway at its Darlington and
Pickering nuclear facilities while the new company focuses on the Bruce.
    Nuclear safety continues to be of paramount importance for Ontario Power
Generation, and safety has been a key tenet for British Energy. Both companies
are committed to ensuring high safety performance standards.
    "We are delighted to be announcing the creation of a new company. Bruce
Power will demonstrate that safety and commercial success go hand in hand,"
said Robin Jeffrey, Chairman and Chief Executive Officer of British Energy
Canada Ltd. "We have a high regard for CANDU technology and for the skill of
the staff at Bruce. We are confident that by working with the staff and the
unions, Bruce Power can achieve world class safety and commercial
performance."
    To reduce its market dominance, OPG is required by conditions in its
operating licence granted by the Ontario Energy Board (OEB), to reduce its
share of generating capacity to no more than 35 per cent of that available to
the province 10 years after the market opens.
    British Energy was selected following an extensive worldwide competitive
process over the last two years. They have significant operating experience
and a proven safety track record with a range of nuclear reactor types.
    To close the transaction, Bruce Power will be required to secure licences
from the Canadian Nuclear Safety Commission (CNSC) and the Ontario Energy
Board. Bruce Power will be required to follow the stringent licensing and
operating requirements established by CNSC, formerly the Atomic Energy Control
Board.
    Ontario Power Generation is a major North American electricity generating
company. OPG's principal business is the generation and sale of electricity to
consumers in Ontario and into the interconnected markets. OPG's goal is to be
a premier North American energy company, focused on low-cost power generation
and wholesale energy sales, while operating in a safe, open and
environmentally responsible manner.
    British Energy PLC is the UK's largest electricity generator. British
Energy owns and operates 15 reactors in the UK and a further two in the United
States through its joint venture, AmerGen. British Energy's goal is to be a
worldwide electricity leader building on its "Safety First" culture and track
record of commercial success.

    BACKGROUNDER INDEX
    ------------------

    Safety:

    1.  OPG'S COMMITMENT TO NUCLEAR SAFETY
    2.  BRUCE NUCLEAR - SAFETY IS NUMBER ONE
    3.  INFORMATION ON CANDU REACTORS
    4.  EMERGENCY PLANNING IN ONTARIO

    Financial:

    5.  OPG/BRUCE POWER LEASE AGREEMENT
    6.  NUCLEAR USED FUEL, WASTE MANAGEMENT AND
        DECOMMISSIONING
    7.  CHRONOLOGY OF THE PUBLIC/PRIVATE PARTNERSHIP PROCESS

    Employees:

    8.  WHAT HAPPENS TO EMPLOYEES

    Transition:
    9.  REDUCING MARKET DOMINANCE
    10. TRANSITION ARRANGEMENTS
    11. NEXT STEPS

    General.
    12. ONTARIO POWER GENERATION
    13. QUICK FACTS ON BRUCE NUCLEAR POWER DEVELOPMENT

SOURCE Ontario Power Generation Inc.


Attached is the draft letter.  Please review and let's discuss.


SYSTEM WARNING CANCELLATION [200000204]

Effective 08/24/2000 at 19:00 the California Independent System Operator
has terminated the "Warning" of the Electrical Emergency Plan.

The "Warning"  has been in effect since Thu Aug 24 11:00:00 2000 PDT.

This message is from Market Operations  at the California ISO.

This notice cancels notice 200000203

Notice issued at: 08/24/2000 18:51


I don't mind giving you a overview of the unsubsribed CAS process, this afternoon.  I would suggest we have the meeting in my office at EB 4082, so I can demo the screens.  Buzz, if you are free it might be a meeting you would want to attend.

TKS
PT 3-0667

 -----Original Message-----
From: 	Studebaker, James
Sent:	Thursday, January 24, 2002 6:59 AM
To:	Schoolcraft, Darrell; Frazier, Perry; Betancourt, Ramona ; Skertich, Gerald
Subject:	RE: Updated: CAS overview with Ramona

Due to Ramona being out Friday, I would like to keep this CAS overview scheduled for today, Thursday afternoon, from 1:30 to 3pm.  Ramona will be available for only a short time today.  Perry, if you don't mind, for today, could you show Jerry Skertich and I a CAS overview from your viewpoint.  Darrell, perhaps Jerry and I can get with you either tomorrow or sometime next week to get your viewpoint.

Please let me know if everyone is okay with meeting today for about an hour.  I will see if I can get room 3907 for this afternoon.  Thx, Jim

 -----Original Message-----
From: 	Schoolcraft, Darrell
Sent:	Thursday, January 24, 2002 6:12 AM
To:	Frazier, Perry; Studebaker, James ; Betancourt, Ramona ; Skertich, Gerald
Subject:	RE: Updated: CAS overview with Ramona

I can make that.

ds

 -----Original Message-----
From: 	Frazier, Perry
Sent:	Wednesday, January 23, 2002 9:53 AM
To:	Studebaker, James ; Betancourt, Ramona ; Skertich, Gerald
Cc:	Schoolcraft, Darrell
Subject:	RE: Updated: CAS overview with Ramona

Sure, I can make the Friday time frame.

 -----Original Message-----
From: 	Studebaker, James
Sent:	Wednesday, January 23, 2002 7:29 AM
To:	Betancourt, Ramona ; Skertich, Gerald; Frazier, Perry
Cc:	Schoolcraft, Darrell
Subject:	FW: Updated: CAS overview with Ramona

Ramona, Jerry, and Perry,

Darrell will be out Thursday afternoon.  Are you all available Friday afternoon at the same hours - 1:30 to 3pm?  Thx, Jim

 -----Original Appointment-----
From: 	Schoolcraft, Darrell
Sent:	Wednesday, January 23, 2002 7:01 AM
To:	Studebaker, James
Subject:	Tentative: Updated: CAS overview with Ramona
When:	Thursday, January 24, 2002 1:30 PM-3:00 PM (GMT-06:00) Central Time (US & Canada).
Where:	TBA

I will be out Thursday afternoon.  How about Friday sometime.

ds


Notice of your termination filing is attached.
---------------------- Forwarded by Mary Hain/HOU/ECT on 02/08/2001 02:19 PM
---------------------------

	Enron Capital & Trade Resources Corp.

	From:  "Nancy Pickover" <npickover@bracepatt.com>
02/08/2001 01:21 PM

To: <Christi.L.Nicolay@enron.com>, <donna.fulton@enron.com>,
<marcie.milner@enron.com>, <mary.hain@enron.com>, <snovose@enron.com>,
<thane.twiggs@enron.com>
cc:
Subject: Orders/Notices

Please see attached.

 - ER011177.1
 - ER011167.1
 - ER011176.1
 - ER011163.1
 - RT01-75.1


Read Pat Boylston's e-mail for a more complete explanation, but, the bottom line is that borrowing solely to post collateral is a risky deal for the bond-holders, because it is unclear how the IRS would treat this transaction.  On the other hand, PGB suggests that a tax-exempt pre-pay for power is do-able if, and it's a big "if," you can get bond counsel to sign off on a legal opinion blessing the transaction.---sch

-----Original Message-----
From: Boylston, Pat [mailto:PGBOYLSTON@stoel.com]
Sent: Monday, October 29, 2001 12:27 PM
To: Hall, Steve C. (Legal)
Subject: RE: Tax-exempt financing

Something is in the air.  This is my third pre-pay question today.

Very complicated subject because it falls into a gray area where the IRS
has not been very comfortable creating bright lines because of a
perception of the potential for abuse.  Reason for IRS fear, probably
justified, is that one very central and primary theme of regulation in
this area is to prevent a municipal entity borrowing at "subsidized"
tax-exempt rates and investing the money (in whatever form of investment
you can think of) in something producing a higher return.  Yes, the
classic "arbitrage" play.

Concern has been that by pre-paying municipality was, in effect, making
an investment in the physical energy asset and there would be some form
of return, real or expected, which needed to be tested to see if it
violated the regulations rule governing permissable investment return on
tax-exempt funds.

Despite that, IRS did issue a ruling based on facts out of Alabama in
the early-mid 1990s which sanctioned an electrict energy and capacity
pre-pay deal.  Facts were pretty tight.  They included, either expressly
or by pretty clear implication, that the energy and capacity were solely
for the use of the pre-paying entity.  Also, the deal was set up for
business reasons independent of the fact that the pre-pay money could be
borrowed at tax-exempt rates.  (There are also other factors cited which
one would need to work through if a real deal is being proposed.)

In the late 1990s the area became very problematic because of a series
of very large natural gas pre-pay deals which came to market.  This are
still being debated and are technically still under IRS review.  Most of
these had a significant element of purchase for resale.  Some also
included the purchase of gas in the ground assets as opposed to the
obligation of an independent third party to deliver as existed in the
Alabama private letter ruling.

Following the IRS's announcement that it was going to review the entire
pre-pay area the blockbuster public pre-pay deals came to a halt.  That
is not to say they are not still doable.  However,the risk profile is
very different than it was five years ago and the ability to get an
approving outside legal opinion may be a significant closing issue.

All that being said, the most "middle of the road" deal would be a
pre-pay of a contract to provide electric energy and capacity.  If I
remember correctly, the Alabama ruling also involved some element of
extending an existing relationship rather than being a totally "new"
contract with a new buyer.

There is some precedent for munis to bond for large ascertained
financial oblgations, such as the WPPSS participants who issued bonds to
fund the payment of their shares of the liability while awaiting their
insurancers settlement of their claims. I do not think borrowing to
cover margin payment obligations is specifically covered in the IRS
regulations. However, there are several policy/ general principles
reasons that I do not think it would fly.  Same thing for borrowing to
pay SOLELY for loc costs.  Although paying for the LOC portion of a
bricks and mortar transaction is not a problem.

A number of other issues are also raised which would have to be worked
through.  For example, if the purpose is borrowing to pay for an LOC,
how much do you borrow.  One year's 150 bps fee?  Several years fees?
Do you cash collateralize the LOC, which is just an investment to secure
the LOC and which then has to go through the IRS investment return
regulations (although in fact you can do this if linked to a bricks and
mortar type situation although you are forced by the way the regulations
work to be negative on your investment spread borrowing to investment
return.)

In general, tough but not impossible to put together a pre-pay energy
deal.  Not a happening thing with the financial margin/ LOC
transactions.

-----Original Message-----
From: Hall, Steve C. (Legal) [mailto:Steve.C.Hall@ENRON.com]
Sent: Monday, October 29, 2001 10:27 AM
To: Boylston, Pat
Subject: Tax-exempt financing

Pat,

We have a few quick questions relating to tax-exempt financing.

1.  Can munis use tax-exempt financing to pre-pay for power?

2.  Can munis use tax-exempt financing to meet financial obligations
relating to power purchases, e.g., use the cash to post margin or pay
for a letter of credit?

Thanks,

Steve

>  -----Original Message-----
> From: 	Shields, Jeff
> Sent:	Monday, October 29, 2001 9:44 AM
> To:	Hall, Steve C. (Legal)
> Cc:	Calger, Christopher F.
> Subject:	muni margin calls
>
> Steve,
>
> I believe muni's can not use tax exempt financing to pre-pay for
> power. However, do you know if there is a mechanism to prepay using
> tax exempt debt on a margin call?
>
> Jeff

**********************************************************************
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and may contain confidential and privileged material for the sole use of
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party, and may not be relied on by anyone as the basis of a contract by
estoppel or otherwise. Thank you.
**********************************************************************


Rebecca Field
rebs1973@yahoo.com

To Mr. Ken Lay,

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

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

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

Sincerely,

Rebecca Field

Rebecca Field


I am having trouble with the transport deal for the Tenaska IV contracts on
Lone Star.  We have deal 452491 in Sitara for meter 20014804 at a $0.01
transport rate.  We received the statement from TXU Lone Star and it does not
agree with our deal.  They are billing for meter 25000200 at $0.10 and meter
20014903 at $0.02.  These meters relate to the Tenaska IV sale deal 384258
and the Tenaska Marketing deal 459898, respectively.  Should our deal match
what TXU is billing or is there another deal that I am missing?  I haven't
worked with transport very much, so I could be confused.  I think we have
this problem with Oct 2000, also, but I have not reviewed it yet.  I am going
to look at it this afternoon.  Tenaska IV has already reimbursed us for the
TXU transport, so we will need to pay this next week.

Also, now that we have the actuals for Nov 2000, we need to update the demand
fees to reflect the correct volumes.  Barring any changes, I have listed the
adjustments below and attached my spreadsheet.  The Unify adjustments will be
over by about $20.00 from the spreadsheet.  I thought it would be better have
the Cleburne desk at zero, than to leave a balance.

1. Deal 529856 - Change 11/1 demand fee from $341,250.47 to $493,365.74
(Difference $152,115.27)
2. Deal 529856 - Change 11/2 demand fee from $167,062.50 to $159,721.55
(Difference $7,340.95)
3. Deal 514353 - Change Agency fee volume from 45,000/day to 45,016/day
(Difference $19.72)

Thanks,
Megan


Jeff Richter:

deal 523877
Bloomberg shows term as 2/17 only not 2/17-2/18

I am missing the following deals:

1)  Enron sells to  Reliant Energy 25 mw of 2/17-2/18 off-peak NP-15 at $295
2)  Enron buys from Duke 25 mw of March'01 NP-15 at $265
3)  Enron buys from Duke 25 mw of March'01 NP-15 at $265


Jim, my understanding is that there continues to be some discussion on
whether there will be functional seperation of the retail and wholesale
businesses and to what extent and under what strategy these are undertaken.
I am not sure that we want to put ourselves in a box under any structure
until these things are completely ironed out eg) country managers et al.  I'm
not in agreement with any memo that further details the organization beyond
what was outlined in the original memo.  However, I am in agreement that this
needs to get resolved ASAP unfortunately Frevert and Skilling and most of the
first world is out this week.  I ask for your patience.

Lets discuss.

Regards
Delainey
---------------------- Forwarded by David W Delainey/HOU/ECT on 11/22/2000
04:00 PM ---------------------------

James M Bannantine@ENRON_DEVELOPMENT
11/22/2000 05:37 PM
To: David W Delainey@ECT, Joe Kishkill/SA/Enron@Enron, Brett R
Wiggs/SA/Enron@Enron, Orlando Gonzalez/SA/Enron@Enron, Miguel
Padron/SA/Enron@Enron, Jose Bestard/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT,
Randy Young@ECT
cc:
Subject: See Attached

Draft memo on the functional alignment of South America under the new
organization.  Would like to send out to the South America organization
tonight to give people partial information on work in progress.  Silence is
bothering people a lot and the company is at risk of losing people.
Definitive organization memo out in the coming days, after complete
coordination with wholesale and retail in Houston.  Look at the first version
of the memo.  Please reply with any comments asap.


Christie,

Thanks for taking initiative on the trip so quickly. Let's meet with Jeff
Shankman
to discuss the agenda. I shall try to organize a meeting next week after PRCs
are over.

I agree with your assessment of the group. I was greatly impressed with the
caliber of the students.

Vince

Christie Patrick@ECT
12/07/2000 06:33 PM
To: FAP <FAP@management.wharton.upenn.edu> @ ENRON
cc: Clay DeGiacinto <clayton.degiacinto.wg02@wharton.upenn.edu>@ENRON, Deepa
Mallik <mallikd@wharton.upenn.edu>@ENRON, Dennis Feerick
<Dennis.Feerick.wg02@wharton.upenn.edu>@ENRON, Edson Otani
<edsono@wharton.upenn.edu>@ENRON, Gustavo Palazzi
<gustavop@wharton.upenn.edu>@ENRON, "Heather N. Thorne (E-mail)"
<hethorne@wharton.upenn.edu>@ENRON, Jack Rejtman
<Jack.Rejtman.wg02@wharton.upenn.edu>@ENRON, Jaideep Singh
<singhjai@wharton.upenn.edu>@ENRON, Jason Cummins
<Marc.Cummins.wg02@wharton.upenn.edu>@ENRON, Joshua Leventhal
<levent86@wharton.upenn.edu>@ENRON, Kim Whitsel
<whitselk@wharton.upenn.edu>@ENRON, "LOUIS A THOMAS (E-mail)"
<thomas@wharton.upenn.edu>@ENRON, Murat Camoglu
<camoglum@wharton.upenn.edu>@ENRON, Nick Levitt
<Nicholas.Levitt.wg02@wharton.upenn.edu>@ENRON, Omar Bassel
<bassalo@wharton.upenn.edu>@ENRON, Pat Henahan
<mhenahan@wharton.upenn.edu>@ENRON, Ram Vittal
<mvittal@wharton.upenn.edu>@ENRON, Steve Lessar
<Stephen.Lessar.wg02@wharton.upenn.edu>@ENRON, Tulika Bhalla
<bhallat@wharton.upenn.edu>@ENRON, Vincent Chen
<Vincent.Chen.wg02@wharton.upenn.edu>@ENRON, Weigelt
<Weigelt@wharton.upenn.edu>@ENRON, FAP
<FAP@management.wharton.upenn.edu>@ENRON, "'christie.patrick@enron.com'"
<christie.patrick@enron.com>@ENRON, "'vkamins@enron.com'"
<vkamins@enron.com>@ENRON, Jeffrey A Shankman/HOU/ECT@ECT
Subject: Re: Enron Contact info

Hi evryone!

Vince, Vasant and I are very excited about the Tiger Project!  We all
thoroughly enjoyed the opportunity to meet with such an incredibly
interesting, enthusiastic and intelligent group.  Thank you for your time!

For those interested in the Houston trip on January 18-19th, please let me
know by the 15th of December so that I can get the best deal on air fare
(one-month in advance).

Also, I'll be forwarding the Enron information packages to Donna Piazze for
your receipt next week.  I am including Jeff Shankman in this reply, as Jeff
is a Wharton grad, leader of one of our Enron business units, and one of the
most enthusiastic Enron/Wharton cheerleaders.

Please feel free to individually contact me if there is anything I can do for
any of you.

Thanks again for your enthusiastic interest in Enron!

--Christie.


Please let me know if you have any questions.
thanks
ekw
ext 36162


Hi Mr. Lewis -

Ken asked me to send you an e-mail stating that he would be happy to submit
your name for consideration to Dick Cheney.  He asked if you would please
send him a current bio.

Thanks.

Rosalee

<Bill_Lewis@mckinsey.com> on 11/28/2000 03:43:58 PM
To: Kenneth.lay@enron.com
cc:
Subject: New Administration

Ken,

Sorry to miss you today when I called. Since I am leaving for India in a
few minutes, I thought I would sent you an E-mail, and then I can try to
call you from India. Because of the time difference, it will not be easy
for us to connect. Unfortunately I will not be back in the US until
December 7.

The reason for my call was to see if you would feel comfortable putting my
name forward to Dick Cheney for a position in the new administration. I am
not sure where the best fit would be, but it might be Chairman of the
National Economic Council. That job has a good combination of management
and economics. You know I have only been associated with Democratic
administrations in past, but Democratic administrations were a little
different in those days. You are somewhat familiar with my record on
economics and there is a lot on that in the public domain.

Just let me know what you think. Maybe a quick E-mail would suffice ( I am
carrying my computer).

Best regards,
Bill

+-------------------------------------------------------------+
| This message may contain confidential and/or privileged     |
| information.  If you are not the addressee or authorized to |
| receive this for the addressee, you must not use, copy,     |
| disclose or take any action based on this message or any    |
| information herein.  If you have received this message in   |
| error, please advise the sender immediately by reply e-mail |
| and delete this message.  Thank you for your cooperation.   |
+-------------------------------------------------------------+


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 02/04/2000
06:14 PM ---------------------------

Kimberly Watson@ENRON
02/04/2000 04:12 PM
To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: El Paso / ENA Deal Completely Terminated Now

I'm sure you have already heard this, but here is a summary.  Kim.
---------------------- Forwarded by Kimberly Watson/ET&S/Enron on 02/04/2000
04:11 PM ---------------------------
ET & S Business Intelligence
From: Lorna Brennan on 02/04/2000 02:30 PM
To: Bill Cordes/ET&S/Enron@ENRON, Julie McCoy/ET&S/Enron@ENRON, Lou
Geiler/ET&S/Enron@ENRON, Tim Aron/ET&S/Enron@ENRON, Steve
Klimesh/ET&S/Enron@ENRON, Sarabeth Smith/ET&S/Enron@ENRON, Gary
Sova/ET&S/Enron@ENRON, Rob Wilson/ET&S/Enron@ENRON, Lon
Stanton/ET&S/Enron@Enron, Kristen Hand/ET&S/Enron@ENRON, Rockey
Storie/ET&S/Enron@ENRON, Kent Miller/ET&S/Enron@ENRON, John
Dushinske/ET&S/Enron@ENRON, Dave Neubauer/ET&S/Enron@ENRON, Michael
Bodnar/ET&S/Enron@ENRON, Joni Bollinger/ET&S/Enron@ENRON, David
Badura/ET&S/Enron@Enron, Janet Bowers/ET&S/Enron@ENRON, Craig
Buehler/ET&S/Enron@ENRON, Bob Burleson/ET&S/Enron@ENRON, Allen
Cohrs/ET&S/Enron@ENRON, John Fiscus/ET&S/Enron@ENRON, Bret
Fritch/ET&S/Enron@Enron, Steve Gilbert/ET&S/Enron@ENRON, Morgan
Gottsponer/ET&S/Enron@ENRON, Brenda Harris/ET&S/Enron@ENRON, James
Harvey/ET&S/Enron@ENRON, Stephen Herber/ET&S/Enron@ENRON, Dana
Jones/ET&S/Enron@ENRON, Jane Joyce/ET&S/Enron@ENRON, Stephanie
Korbelik/ET&S/Enron@ENRON, TK Lohman/ET&S/Enron@ENRON, Bill
Mangels/ET&S/Enron@ENRON, Penny McCarran/ET&S/Enron@ENRON, Vernon
Mercaldo/ET&S/Enron@ENRON, Larry Pavlou/ET&S/Enron@ENRON, Eileen
Peebles/ET&S/Enron@ENRON, Maria Perales/ET&S/Enron@ENRON, Tony
Perry/ET&S/Enron@Enron, Loren Penkava/ET&S/Enron@ENRON, Ken
Powers/ET&S/Enron@ENRON, Joan Schwieger/ET&S/Enron@ENRON, Chris
Sebesta/ET&S/Enron@ENRON, Frank Semin/ET&S/Enron@Enron, Neal
Shaw/ET&S/Enron@ENRON, Larry Swett/ET&S/Enron@ENRON, Kay
Threet/ET&S/Enron@ENRON, Mike Ullom/ET&S/Enron@ENRON, Lisa
Valley/ET&S/Enron@Enron, Chuck Wilkinson/ET&S/Enron@ENRON, Jim
Wiltfong/ET&S/Enron@ENRON, Jo Williams/ET&S/Enron@ENRON, Karen
Lagerstrom/ET&S/Enron@Enron, Ray Stelly/ET&S/Enron@ENRON, Bob
Stevens/ET&S/Enron@Enron, Sue M Neville/ET&S/Enron@ENRON, Mike
Barry/ET&S/Enron@ENRON, Miriam Martinez/ET&S/Enron@ENRON, Martha
Janousek/ET&S/Enron@ENRON, Kimberly Watson/ET&S/Enron@ENRON, Don
Powell/ET&S/Enron@ENRON, Melinda Tosoni/ET&S/Enron@ENRON, Steve
Weller/ET&S/Enron@ENRON, Michael G Stage/ET&S/Enron@ENRON, Tim
Johanson/ET&S/Enron@ENRON, Chris Gaskill/ET&S/Enron@ENRON, Mary Kay
Miller/ET&S/Enron@ENRON, Michel Nelson/ET&S/Enron@ENRON, Mike
McGowan/ET&S/Enron@ENRON, Julia White/ET&S/Enron@ENRON, Drew
Fossum/ET&S/Enron@ENRON, Dari Dornan/ET&S/Enron@ENRON, Maria
Pavlou/ET&S/Enron@ENRON, Jim Talcott/ET&S/Enron@ENRON, Steven
Harris/ET&S/Enron@ENRON, Lindy Donoho/ET&S/Enron@ENRON, Jeffery
Fawcett/ET&S/Enron@ENRON, Lorraine Lindberg/ET&S/Enron@ENRON, Kevin
Hyatt/ET&S/Enron@Enron, Christine Stokes/ET&S/Enron@ENRON, Lee
Huber/ET&S/Enron@ENRON, Susan Scott/ET&S/Enron@ENRON
cc:
Subject: El Paso / ENA Deal Completely Terminated Now

El Paso, Enron Terminate $38 Million Mega-Deal

     In a stunning announcement late yesterday, El Paso Natural Gas said it
had reached a
     "mutual agreement" with Enron North America Corp. to terminate the $38
million
     negotiated mega-deal for 1.2 Bcf/d of capacity that the marketer had
entered into in
     December. The negotiated arrangement covers three separate capacity
agreements.

     The decision to release Enron from the three capacity agreements was
somewhat
     puzzling, given that Enron last week had asked to be let out of only one
contract - the
     famed Block II agreement (614 MMcf/d) - due to the restrictions that
FERC had
     placed on the delivery rights of the capacity. In a Jan. 27 letter,
Enron notified El Paso
     of its intent to exit the Block II contract, but the letter didn't
indicate that it wanted to
     terminate the Blocks I and III contracts. See Daily GPI, Feb. 3)

     "They asked for it [to be released] and we agreed to it. It was a mutual
agreement,"
     said El Paso spokesman Mel Scott. The capacity agreements will be
terminated on Jan.
     31. Afterward, El Paso said it will hold open season from Feb. 7 to Feb.
14 for the
     capacity.

     "It is unfortunate that the recent FERC order modified the capacity
rights in a way that
     will not allow the capacity to serve the purpose that Enron North
America originally
     intended when they outbid the prearranged transactions. In the interest
of fairness and
     good customer relations, we have agreed to release them from the
contracts," said John
     W. Somerhalder II, president of El Paso Energy's Pipeline Group.

     El Paso Natural Gas has asked FERC to reconsider the mid-January order
that
     essentially has reduced the commercial value of the Block II firm
transportation
     capacity that Enron had agreed to acquire. With the collapse of its
contract deal with
     Enron, it couldn't be immediately determined whether El Paso will
continue to pursue
     rehearing.

     El Paso is seeking rehearing after being rebuffed by FERC in its request
to stay the
     provision in the order restricting delivery rights of Block II capacity.

     The pipeline is seeking a reversal of a decision in which FERC said El
Paso's 1996
     turned-back capacity settlement bars El Paso from marketing Block II
capacity on a
     primary basis to any delivery point other than the one at Pacific Gas &
     Electric-Topock, AZ. That ruling stripped the Block II capacity of
primary delivery
     access to the Southern California Gas-Topock delivery point, which is
the most
     sought-after by shippers of San Juan Basin gas.

     It was a major blow to El Paso and Enron, which had contracted for the
Block II
     capacity in December on the condition that it would have primary
delivery access to the
     Southern California market..

     Without a favorable decision on rehearing, "the result may well be a
diminution of the
     value of Block II capacity," El Paso told FERC. "Without question,
Enron, as a new
     shipper on the capacity" and future holders of that capacity "will
suffer a disadvantage in
     the market...."

     El Paso contends the Commission's ruling, if unchanged, would thwart the
intent of the
     1996 settlement, which called for the pipeline and its customers to
share the risks of
     unsubscribed capacity on El Paso's system, and for El Paso to share a
portion of the
     revenues it received from re-marketing the capacity.

     "An essential element in El Paso's ability to maximize the revenues it
agreed to share
     with its firm customers was the ability to market the 614 MMcf/d of
Block II capacity
     on a primary basis to delivery points other than PG&E-Topock," the
pipeline noted.
     Stripping El Paso of delivery-point flexibility for Block II capacity
"will have a serious
     adverse impact on [its] ability to generate the maximum possible
revenues for its
     capacity and thereby recover the costs it and its customers would
otherwise have to
     absorb."

     El Paso further said the Commission's decision was at odds with a 1998
order
     addressing whether the pipeline could re-market capacity turned back by
PG&E to the
     SoCal-Topock delivery point on a primary basis. Since the 1996
settlement was silent
     on whether El Paso could re-market the capacity to delivery points other
than
     PG&E-Topock, the Commission reasoned the settlement didn't preclude El
Paso from
     selling the capacity at SoCal-Topock.

     "That ruling established the proper interpretation of the 1996
settlement. Now, the
     Commission has re-interpreted that same provision in a manner that is
completely
     contrary to its previous ruling. The Commission provides no explanation
as to how
     these two rulings can be reconciled or, alternatively, why it has
changed its mind...."

     El Paso said it was also seeking rehearing because it "cannot find any
evidence" in the
     mid-January order that the Commission "even read, much less considered"
its response
     as to the "proper interpretation" of the1996 settlement.


Let's meet today at 3:00 in conference room 6106 to discuss the griffth deal and our reply to citizens.  If you are unable to make it, please let me know.

Thanks,

Kim


Tuesday is good for me as far as I could tell.

Mat


Good.  I feel better.  I just don't think we owe them enough yet.

From: Stuart Zisman@ECT on 09/18/2000 03:21 PM
To: Kay Mann/Corp/Enron@ENRON
cc:

Subject: Re: Option to Purchase Real Estate re TitanFehr.DOC

I have forwarded it to all of Enron and PMR&W so that we can continue to be
over-billed.

Stuart


thanks

 -----Original Message-----
From: 	Thode, Eric
Sent:	Monday, October 15, 2001 8:21 AM
To:	Kitchen, Louise
Subject:	RE: Enron Mentions - 10-13-01 - 10-14-01

Done.

 -----Original Message-----
From: 	Kitchen, Louise
Sent:	Monday, October 15, 2001 8:16 AM
To:	Thode, Eric
Subject:	RE: Enron Mentions - 10-13-01 - 10-14-01

Could you please get Marcus Nettelton added to this.

 -----Original Message-----
From: 	Schmidt, Ann M.
Sent:	Monday, October 15, 2001 8:14 AM
Subject:	Enron Mentions - 10-13-01 - 10-14-01

Tata in talks to buy Enron's Dabhol power plant - FT
AFX News, 10/14/01
Qatar, Dolphin to sign final mega gas deal "shortly"
Agence France-Presse, 10/14/01
NATURAL GAS BIG IN STATE'S FUTURE > NEW PIPELINES ARE PROPOSED TO FILL NEEDS
South Florida Sun-Sentinel, 10/14/01
Debt load smothers Polaroid; Bankruptcy filing pointing to sale, firings
Boston Herald. 10/13/01
WORLD NEWS - Enron wins court injunction - NEWS DIGEST.
Financial Times (U.K. edition), 10/13/01

Tata in talks to buy Enron's Dabhol power plant - FT

10/14/2001
AFX News
(c) 2001 by AFP-Extel News Ltd

TOKYO (AFX-ASIA) - Tata has held exploratory talks to buy Enron's power plant in Dabhol, India, the Financial Times reported.
Tata Power has written to the Indian government expressing interest in the plant, though any deal would have to address the high tariff structure and interest rate burden on the project, the newspaper said.
It is understood that Enron is considering an offer price of about 80 cents to the dollar, it said.
Enron declined on Friday to confirm it was in talks with Tata, but said the best solution would be for the Indian government, or one of its Indian financial backers, to take on Dabhol.
Tata Power recently held talks with Indian financial institutions involved with the project. Officials from Dabhol Power Company, Enron's Indian arm, also attended.
About 70 pct of the Dabhol plant was funded by debt, with Indian financial institutions providing 1.4 bln usd and foreign lenders the balance.
Enron's Indian unit defaulted in September on interest payments to international lenders, blaming stopped payments by the Maharashtra State Electricity Board, the plant's sole client.
tb/pb For more information and to contact AFX: www.afxnews.com and www.afxpress.com

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

Qatar, Dolphin to sign final mega gas deal "shortly"

10/14/2001
Agence France-Presse
(Copyright 2001)

ABU DHABI, Oct 14 (AFP) - Qatar and Dolphin Energy will sign the final development and production sharing agreement (DPSA) for a multi- billion-dollar project to deliver Qatari gas abroad "shortly", the UAE Offsets Group (UOG) said Sunday.
"The development and production sharing agreement (DPSA) with Qatar Petroleum (QP) is due to be signed shortly," UOG said in a statement.
The state-run UOG added that Dolphin Energy will select by early next year an oil major to become a strategic partner in the project.
"Over the coming weeks, the international oil companies will be given additional data and invited to submit their offers by late December. One of them is scheduled to be selected in early 2002," UOG said.
UOG held separate negotiations last week with five shortlisted oil majors -- Conoco, ExxonMobil and Occidental Petroleum of the United States, BP International and the Anglo-Dutch firm Shell -- to replace the US firm Enron Corp., which withdrew from the venture in May and transferred its 24.5 percent stake to UOG.
Enron's role was to build a 350-kilometre (220-mile) pipeline under the Gulf between Qatar and Abu Dhabi.
The Dolphin project aims to create a regional grid taking gas from Qatar to Abu Dhabi, Dubai, Oman and eventually Pakistan.
In a project estimated at an overall cost of up to 10 billion dollars, the gas is to be transported by undersea pipeline from Qatar to the Abu Dhabi coast.
The gas will be distributed inside Abu Dhabi and neighbouring Dubai through existing networks and will be transported between the two through a pipeline for which technical bids have already been submitted.
The pipeline will then continue overland to Oman and from there to Pakistan through an undersea pipeline. The extension to Pakistan is expected to cost up to an additional three billion dollars.
lp/dab

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

BUSINESS & TECHNOLOGY
NATURAL GAS BIG IN STATE'S FUTURE > NEW PIPELINES ARE PROPOSED TO FILL NEEDS
Antonio Fins Business Writer

10/14/2001
South Florida Sun-Sentinel
Broward Metro
1H
(Copyright 2001 by the Sun-Sentinel)

Prodded by rules requiring cleaner air and bolstered by a series of competing pipeline proposals, natural gas is set to become a major player in Florida's energy grid.
The state Public Service Commission projects that by the end of the decade, natural gas will account for 44 percent of the fuel used by Florida utilities, up from about 18 percent now. Utility companies use 85 percent of the natural gas burned in Florida.
As energy companies bid for the right to drill for oil and gas 100 miles off Florida's coast, other businesses are betting big dollars on natural gas.
Gulfstream Natural Gas System is already building a pipeline from Mississippi and Alabama across the Gulf of Mexico and into the Tampa area. Enron Corp. of Houston is proposing to spend as much as $400 million to build a pipeline from the Bahamas Port Everglades.
Enron's proposal is drawing rivals. El Paso Corp., also in Houston, wants to build a Bahamas to South Florida pipeline that comes ashore in West Palm Beach. And AES Corp. has purchased Ocean Cay, a speck of an island near Bimini in the Bahamas for an energy complex that will include a power plant and a gas pipeline to Port Everglades.
The proposals are receiving scrutiny from county officials and environmental groups. Ultimately, federal regulators must give their approval before a pipeline can be constructed.
Still, electric companies, which are proposing to build more than 80 new power plants in Florida through 2010, are looking to make heavy use of natural gas.
"Practically all the new units are going to burn natural gas," said Michael Haff, an engineer at the PSC. "That's the reason for the large increase" in projections of natural gas usage.
All this is quite a change for Florida's electric utilities. For decades, power suppliers have found it easier to cart coal and ship oil to burn in Florida's power plants than to pipe in natural gas.
Nor has there been much of a popular mandate for natural gas in Florida. Most users are small factories, public laundries and restaurants, where chefs prefer natural gas over electricity because it's easier to control the heat. With little need for heating homes in winter, residential use has generally been limited to barbecues, water heaters and stoves.
Consequently, Florida uses far less natural gas than many states. Household use of natural gas is less than one-fifth of what some households in other parts of the country use.
The motive for the switch comes from a combination of factors. The federal Clean Air act, signed into law in 1990, is forcing utilities across the country to reduce their dependence on coal and oil and to find cleaner sources of fuel to power their generators.
Natural gas is one of those options.
Alvaro Linero, the administrator who reviews power plants for the state Department of Environmental Protection, said natural gas emits no particulate matter, the tiny particles that can lodge in lungs and aggravate respiratory conditions. Unlike oil or coal, it gives off no sulfur dioxide, which causes acid rain. It is also easier to control nitrogen oxide emissions, a key component of smog, when natural gas is the fuel rather than oil or coal.
Florida Power & Light Co., the largest of the electric companies, has already heavily invested in natural gas generators -- 21 of its 29 non-nuclear power plants are able to run on natural gas.
FPL said it turns to natural gas occasionally to save customers money, but the utility, regulators and industry groups could not say how much money is saved by the switch.
Another factor behind the projected rise in usage of natural gas is its growing availability. By 2005, natural gas supplies are expected to surge after one pipeline, which will run gas across the Gulf of Mexico, is finished. Local government and industry officials also expect the Federal Energy Regulatory Commission will give the green light to one of the Bahamas-to-Florida pipeline projects as well.
Still, some environmental groups say that, while they want cleaner energy, they worry that the push to natural gas raises other fears.
One concern voiced by civic activists is that the gas pipeline project will create safety hazards at local ports and parks. Enron, which applied to build a Bahamas-to-Florida pipeline, said it has taken steps to make sure it is safe. But Broward officials and a conservationist group, Hollywood-based Save Our Shores, have expressed reservations in filings before the Federal Energy Regulatory Commission, which must approve the pipeline project before construction begins.
The safety of natural gas pipelines has received more attention recently. After a pipeline exploded in Carlsbad, N.M., last year, killing 12 people, the federal government moved to tighten regulations and require annual testing.
And the massive increase in natural gas use by the electric companies dismays some natural gas advocates.
They insist the best way to employ it is by piping it directly into homes for water heaters, stoves and even gas-run air conditioning units -- a more efficient and cost-effective use of natural gas than running electric generators, they argue.
But state regulators and industry officials say that it is too costly to hook up homes in established neighborhoods because of the expenses in construction and re-landscaping, so expecting large numbers of people to convert from electric to gas appliances is unrealistic.
Disagreements aside, the consensus is that the state's power utilities and consumers will soon have another fuel and energy option.
"We don't expect [natural gas usage] to decline. If anything, we may see an increase," said Lance Horton, marketing director for People's Gas Co. "At the end of the day, the customer is going to have another choice that was not there before."
Staff Writer David Fleshler contributed to this report.
Antonio Fins can be reached at afins@sun-sentinel.com 954-356- 4669.

PHOTO MAPS 2; Caption: Staff file photo/Carl Seibert Pipeline view: Enron proposes a natural gas pipeline from the Bahamas that would have a terminal in the foreground, just south of I-595, after passing under Port Everglades in the background. It is one of several proposals, so far, to bring more clean energy to Florida. PIPELINE DREAMS: Two of the proposed pipeline projects that would bring energy under the Atlantic Ocean and into South Florida: Staff graphic/ Renee Kwok Enron's proposed pipeline would run from Freeport through Port Everglades. Staff graphic Ocean Cay AES Corp. has proposed constructing pipeline and power plant
Copyright ? 2000 Dow Jones & Company, Inc. All Rights Reserved.

FINANCE
Debt load smothers Polaroid; Bankruptcy filing pointing to sale, firings
GREG GATLIN

10/13/2001
Boston Herald
All Editions
020
(Copyright 2001)

Polaroid Corp., one of Massachusetts' most-storied innovators, sought bankruptcy protection yesterday in a Delaware court to reorganize its business and will seek to hasten a sale of the company.
The highly anticipated move capped a rocky period under Chief Executive Gary DiCamillo and marked an extraordinary fall for the 64- year-old Cambridge instant-photography legend.
The company that helped define Route 128 as America's Technology Highway, slashed thousands of jobs since its peak in 1978, when it employed nearly 21,000.
It has local operations in Bedford, Cambridge, New Bedford, Norton, Norwood, Waltham and Wayland.
Polaroid already announced plans this year to cut 3,000 jobs and reduce its work force to 5,500. Yesterday, the company said it will cut more.
It's been crushed by huge debt and battered by a sharp drop in demand for its mainstay instant film amid a shift to digital technologies and a weak economy.
"How such a place, with so much success and so much technology, could lose that much money and get into so much debt, I don't understand," said Lloyd Taylor, a retired Polaroid chemist who has also consulted for the company. "A lot of people I've known, both retirees and some that are still there, are just totally demoralized."
Polaroid, founded by visionary Edwin H. Land in 1937, said it will remain open for business and continue to make and ship its core instant-film products, even as it "accelerates and intensifies" its search for a buyer under bankruptcy court protection.
But it will slash operations, with an unspecified number of job cuts expected. Anything that's not part of its core business - products that rely on instant film - is subject to sale or elimination.
That includes the company's sunglass division, its photo- identification business, and others. Polaroid, already selling off real estate and other assets, will seek to sell more and will shutter plants.
Spokesman Skip Colcord would not provide specifics regarding closings or job cut plans. "I think everything's on the table," he said.
Polaroid confirmed it terminated its retiree health and life insurance plans as well as severance payments to former U.S. employees.
A federal bankruptcy judge authorized $13.1 million until Monday for employee wages and checks outstanding, said Polaroid lawyer Gregg Galardi. It will seek approval to continue employee health care benefit payments as well, and to honor service warranties on products.
In its filing, Polaroid listed $1.81 billion in assets and $948.4 million in debt. Top creditors include Enron Energy Services, Tad Resources International and Dupont Teijin Films US, all with multi- million dollar claims.
As expected, Polaroid said it had obtained a commitment for $50 million in so-called debtor-in-possession financing from a bank group led by J.P. Morgan Chase & Co. Polaroid will seek court approval to use $40 million of that loan Monday to meet obligations, including paying suppliers on or after yesterday's filing. Lawyers also said Polaroid had a $33 million offer for its identification business.
Crushed by the weight of its debt, including about $600 million owed to bondholders and $335 in bank loans, Polaroid had teetered on the edge of bankruptcy for months, and received a series of waivers on terms of its lending agreements, while it sought a buyer for some or all of its assets.
Its once-mighty instant-film business was turned into a cash generator to fund development of new digital-imaging technologies. Earlier this year, Polaroid unveiled new digital printing technology, code-named Opal and Onyx, designed to let consumers and businesses instantly develop prints taken with digital cameras.
Some say Polaroid lost a step with the departure of Land, its founder and visionary, who stepped down as chief executive in 1980 and as chairman in 1982. Land died in 1991.
A Harvard University dropout and son of a scrap-metal dealer, Land began to research light polarization in the 1920s, focusing on sunglasses, desk lamps and reducing car headlight glare, before turning to instant film.
As legend has it, Land took a picture of his young daughter on a vacation in Santa Fe, N.M., and she asked why she couldn't see the picture right away. Land set to work on the problem immediately, and before long was applying for patents.
By 1988, Polaroid was trying to fight off a hostile takeover bid. Financier Stanley Gold's Shamrock Holdings had offered $3 billion for Polaroid, or about $45 a share. Company management eventually rebuffed Shamrock, but spent millions in legal fees and racked up a massive debt to block the takeover bid, from which it has yet to recover.
Graphic: Historic developments (photo/text graphic)
** 1937 -- Edwin H. Land forms Polaroid Corp. Develop products from polarizer technology he patented in 1929, including day glasses and desk lamps.
** 1947 -- Land demonstrates instant film.
** 1948 -- Polaroid introduces Land Camera and instant roll film. Net sales: $2,481,372. Net loss ($865,255).
** 1950 -- Company makes one million rolls of instant film.
** 1963 -- Instant color film introduced.
** 1976 -- Polaroid files suit against Eastman Kodak for patent infringement.
** 1977 -- The OneStep becomes the best-selling camera in the United States - instant or conventional - for more than four years.
** 1980 -- Land steps down as CEO, continues as chairman and assumes new position of consulting director of basic research in Land photography.
** 1984 -- Net sales: $1.3 billion. Net earnings: $26 million. Employees: 13,402.
** 1986 -- Federal appeals court upholds a 1985 decision by district court, ruling that Eastman Kodak violated Polaroid patent rights in its manufacture of instant cameras and film.
** 1988 -- Shamrock Holdings, Inc. begins attempted hostile takeover.
**1989 -- Shamrock Holdings, Inc. agrees to terminate its takeover attempt. Net sales: $1.9 million. Net earnings: $145 million. Employees: 11,441.
** 1991 -- Mac Booth named chairman. Edwin H. Land, Polaroid founder, dies at 81. Suit with Eastman Kodak settled; Kodak pays Polaroid $925 million.
** 1995 -- Gary T. DiCamillo, the first "outsider" to head the company, succeeds retiring chairman and CEO Mac Booth.
** 1998 -- Polaroid introduces more than 25 new products in an attempt to find new markets including 35mm cameras and PopShots single-use film and camera system. Net sales: $1.8 billion. Net loss: $51 million. Employees: 9,274
** 2000 -- DiCamillo unveils strategy to recreate Polaroid as a digital imaging company.
** 2001 -- Polaroid lays out plans to cut 3,000 jobs, about half in Massachusetts. It defaults on more than $26 million in interest payments to bondholders. Stock plunges to pennies per share.
Caption: BACK TO BASICS: Despite its bankruptcy filing, Polaroid, based in Cambridge, said it will continue to make and ship its core instant-film products. AP FILE PHOTO

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

WORLD NEWS - Enron wins court injunction - NEWS DIGEST.
By KHOZEM MERCHANT.

10/13/2001
Financial Times (U.K. edition)
(c) 2001 Financial Times Limited . All Rights Reserved

Enron wins court injunction
Enron, which is poised to pull out of the largest foreign direct investment in India, has won an injunction from a court in London preventing the regional government of Maharashtra from challenging arbitration proceedings launched by the US power company.
Enron's opponents say the court decision, which is confined to appeals in India, significantly reduces legal defences for Maharashtra, where the 2,184MW power plant is located, and is likely to raise the stakes in the Houston-based company's increasingly messy attempt to withdraw from India with full compensation.
Officials at Enron's Indian arm, Dabhol Power, say the legal move was designed to prevent Maharashtra from trying to stall arbitration through endless legal obstacles. This is what has happened between Enron and its sole Indian client, Maharashtra State Electricity Board. Khozem Merchant, Bombay.
(c) Copyright Financial Times Ltd. All rights reserved.
http://www.ft.com.

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


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 Summary?Standings?

 Standings for Week 13
 [IMAGE]
  East Division

  Team
  W
  L
  T
  Pct
  Back
  Strk
  Div
  Wks
  PF
  Back
  PA
  Hunter Shively
 11
 2
 0
 0.846
 0.0
 W5
 6-1-0
 4.0
 1307.0
 0.0
 1055.0
  Eric Bass
 10
 3
 0
 0.769
 1.0
 W2
 5-2-0
 1.0
 1218.0
 89.0
 998.0
  McKay Neal
 7
 6
 0
 0.538
 4.0
 L1
 5-2-0
 1.0
 1093.0
 214.0
 999.0
  Martin Cuilla
 6
 7
 0
 0.462
 5.0
 L2
 0-7-0
 2.0
 1140.0
 167.0
 1144.0
  FIBSABs
 5
 8
 0
 0.385
 6.0
 W1
 4-3-0
 0.0
 900.0
 407.0
 1005.0
  Rocks
 1
 12
 0
 0.077
 10.0
 L10
 1-6-0
 0.0
 768.0
 539.0
 1125.0
  West Division

  Team
  W
  L
  T
  Pct
  Back
  Strk
  Div
  Wks
  PF
  Back
  PA
  Fear
 8
 5
 0
 0.615
 0.0
 W6
 4-3-0
 2.0
 1209.0
 98.0
 1123.0
  Tori Kuykendall
 7
 6
 0
 0.538
 1.0
 L5
 4-3-0
 0.0
 1098.0
 209.0
 1055.0
  Top Dogs
 6
 7
 0
 0.462
 2.0
 L4
 2-5-0
 1.0
 1059.0
 248.0
 1151.0
  The Klap
 6
 7
 0
 0.462
 2.0
 W3
 4-3-0
 0.0
 964.0
 343.0
 1070.0
  Baja
 6
 7
 0
 0.462
 2.0
 L6
 4-3-0
 0.0
 929.0
 378.0
 970.0
  Matt Lenhart
 5
 8
 0
 0.385
 3.0
 W3
 3-4-0
 2.0
 1228.0
 79.0
 1218.0

 Scoring?Statistics?
  Eric Bass Actives

  Player
  Pos
  Scoring
  Score
  McNabb, Donovan
 QB
 137 PaYd (6 Pts), 1 PaTD (3) (3 Pts), 125 RuYd (12 Pts), 1 RuTD (21) (6 Pts)
 27.0
  Allen, James
 RB
 122 RuYd (12 Pts), 23 ReYd (2 Pts)
 14.0
  Smith, Robert
 RB
 148 RuYd (14 Pts), 1 RuTD (15) (6 Pts)
 20.0
  Harrison, Marvin
 WR
 74 ReYd (7 Pts), 2 ReTD (27,8) (12 Pts)
 19.0
  Hayes, Donald
 WR
 ?
 0.0
  Horn, Joe
 WR
 77 ReYd (7 Pts)
 7.0
  Nedney, Joe
 K
 1 FG (26) (3 Pts), 4 XP (4 Pts)
 7.0
  Ravens
 DT
 1 Int (2 Pts), 6 SACK (6 Pts), 2 DFR (4 Pts), 7 PA (3 Pts)
 15.0

[IMAGE]
  TOTALS
 ?
 ?
 109.0
 Eric Bass Reserves

  Player
  Pos
  ST
  Scoring
  Score
  Anders, Kimble
 RB
 RS
 20 RuYd (2 Pts), 18 ReYd (1 Pt)
 3.0
  Blake, Jeff
 QB
 RS
 ?
 0.0
  Davis, Terrell
 RB
 RS
 ?
 0.0
  Grbac, Elvis
 QB
 RS
 ?
 0.0
  Morris, Sylvester
 WR
 RS
 18 ReYd (1 Pt)
 1.0
  Robinson, Marcus
 WR
 RS
 ?
 0.0

[IMAGE]
  TOTALS
 ?
 ?
 ?
 4.0

 Player Updates?NFL Reports?
 Latest NFL Player News

 Albert Connell , WR WAS - Hunter Shively Updated 11/28/00
 Connell's status for Sunday's game against the Giants is seriously in
doubt.  He sprained his knee in last week's game against the Eagles, and Head
Coach Norv Turner has already stated that Connell will not start.  This
should serve notice to Fantasy owners who have Connell on their roster not to
put him in their lineup this week.

 Irving Fryar , WR WAS - Free Agent Updated 11/28/00
 Head Coach Norv Turner has stated that Fryar will get the start this week
against the Giants.  He had four catches for 50 yards in last week's loss to
the Eagles, and could see extended playing time if Albert Connell is unable
to play for the 'Skins.  Fryar isn't the type of receiver you want to depend
on for production, especially with the Fantasy league playoffs looming.
Consider another option if your roster allows it.

 James Thrash , WR WAS - Free Agent Updated 11/28/00
 The Washington wideout caught five passes for 121 yards and a touchdown in
last Sunday's loss to the Eagles.  He seemed to thrive with Jeff George under
center, but now that Brad Johnson is back from injury, it may be a return to
mediocrity.  Thrash could, however, see some looks this week if Albert
Connell's knee injury keeps him from playing extended minutes.

 Jackie Harris , TE DAL - Free Agent Updated 11/28/00
 Harris sprained his left knee in last week's loss to the Vikings.  However,
the injury shouldn't keep Harris from playing this week as Dallas travels to
Tampa Bay to face the Buccaneers.  After a fast start, Harris has really been
quieted by opposing defenses in recent weeks.  He is a good backup tight end
in most Fantasy leagues, but his inconsistent numbers keep him from being an
every week starter.

 Cowboys , DT DAL - Free Agent Updated 11/28/00
 The Doomsday Defense has now become The M.A.S.H. unit.  The Cowboys lost yet
another player on Monday when defensive end Peppi Zellner tore his ACL in
practice, effectively ending his season. Zellner now joins Leon Lett (knee),
George Teague (foot), Chad Hennings (neck) and Darren Woodson (arm) on the
long list of defensive players who have been injured this season.  Only
Woodson is still available to the team, but his status for this week's game
at Tampa Bay is still uncertain. With all of the injuries on defense coupled
with a brutal final four weeks of the season, it would be a good idea to drop
Dallas' unit before the playoffs.

 Emmitt Smith , RB DAL - Rocks Updated 11/28/00
 Smith, who suffered a concussion on Thanksgiving Day against the Vikings, is
expected to start this Sunday at Tampa Bay.  He was held out of practice on
Monday for precautionary reasons but will return to the field for Dallas'
first full practice of the week on Wednesday. Dallas is likely to give Smith
the ball quite a bit on Sunday, as they attempt to establish the run against
a tough Bucs' defense.

 Stephen Davis , RB WAS - Matt Lenhart Updated 11/28/00
 Head Coach Norv Turner has indicated that Davis should be ready to play in
this week's pivotal NFC East matchup against the Giants.  Davis missed last
week's game against the Eagles with a hairline fracture of his right forearm.
The return of Davis is great news for Fantasy players who own his rights,
especially with the playoffs just around the corner.

 Kurt Warner , QB STL - Baja Updated 11/28/00
 It's official - Rams Coach Mike Martz has announced that Warner will be his
starting quarterback against Carolina on Sunday. This is good news for
Fantasy owners of Rams players, as the team is a lot stronger offensively
when Warner is taking the snaps.

 Peerless Price , WR BUF - Matt Lenhart Updated 11/27/00
 Price caught six passes for 44 yards in Sunday's loss to the Buccaneers.  He
has been a major disappointment this season to Fantasy owners who took a
chance on him.  In fact, Price hasn't caught a touchdown pass since Week One
against the Titans. Unless you are involved in a deep league, look elsewhere
for a reserve wideout.

 Jay Riemersma , TE BUF - Free Agent Updated 11/27/00
 Riemersma caught five passes for 82 yards in Sunday's 31-17 loss to the
Buccaneers. Although he may not post solid numbers every week, his production
is consistent enough to warrant a starting spot in many Fantasy leagues.
Keep Riemersma on you roster as the playoffs approach.

 Scott Mitchell , QB CIN - Free Agent Updated 11/27/00
 The Bengals have upgraded Mitchell's condition from questionable to probable
for next Sunday's game against Arizona. Coach Dick LeBeau has not yet named
his starter for that game, although Mitchell would give the Cincinnati
offense its best shot at solid Fantasy numbers.

 Akili Smith , QB CIN - Free Agent Updated 11/27/00
 Smith completed 10 of 20 passes for 129 yards and a touchdown Sunday against
Pittsburgh, and the Bengals applauded his efforts in the game. His teammates
said he was as sharp and confident on the field as he's been all season.
Coach Dick LeBeau hasn't yet named his starter for next Sunday, although we
wouldn't recommend either Cincinnati quarterback at this stage of the Fantasy
season.

 Eric Moulds , WR BUF - Matt Lenhart Updated 11/27/00
 Moulds had a huge day against the Bucs, catching eight passes while
accounting for 122 yards of total offense and a touchdown. Look for Moulds to
post good numbers this week against the Dolphins, a team who he has
absolutely killed in the past.

 Kevin Johnson , WR CLE - Top Dogs Updated 11/27/00
 Johnson led the Browns with four catches for 85 yards Sunday against
Baltimore, although most of that was due to a 67-yard reception that set up a
Browns touchdown on the game's first drive. He's the closest thing to a
viable Fantasy starter on the Browns, although the lack of a reliable passing
game will limit his value over the season's final weeks.

 Dennis Northcutt , WR CLE - Free Agent Updated 11/27/00
 Coach Chris Palmer has become increasingly frustrated with Northcutt in
recent weeks, according to the Akron Beacon Journal . Northcutt has been
dropping too many passes and committing costly fumbles, including one on a
punt return Sunday against Baltimore. He had no catches on the day. Palmer is
likely to start Northcutt the rest of the season, but he's not a recommended
Fantasy receiver.

 Stephen Alexander , TE WAS - Free Agent Updated 11/27/00
 Alexander had a productive day for Washington, catching four passes for 39
yards and a touchdown in Sunday's loss to the Eagles.  The 'Skins tight end
hasn't been consistent at all this season, however, so use another option at
the position if at all possible.

 Doug Pederson , QB CLE - Free Agent Updated 11/27/00
 Pederson completed just eight of 16 passes for 108 yards and an interception
Sunday against Baltimore before being lifted in the second quarter for backup
Spergon Wynn. We don't recommend Pederson over the season's final weeks, as
the Browns' offense is showing how much injuries have depleted it this year.

 Spergon Wynn , QB CLE - Free Agent Updated 11/27/00
 Wynn, who replaced Doug Pederson at the start of the second half of Sunday's
game against Baltimore, wasn't overly successful in the 18 plays he was a
part of. He completed five of nine passes, but they went for just 30 yards,
and he was sacked four times, losing a fumble once. Coach Chris Palmer
continues to say he wants to bring Wynn along slowly, and the Browns' offense
is reeling, so don't expect much from him over the season's final weeks.

 Chris Redman , QB BAL - Free Agent Updated 11/27/00
 Redman was called upon during the fourth quarter of Sunday's game against
Cleveland, although he did not attempt a pass. Unless Baltimore runs away
with any of its next three games, he will likely not see any more action this
season.

 Matt Stover , K BAL - Matt Lenhart Updated 11/27/00
 Stover kicked three field goals Sunday against Cleveland, breaking his
single-season mark of 29 and passing the 1,000-point mark for his career. He
added five extra points and now has an NFL-best 116 points on the season.
Unless you hear otherwise, Stover should be a permanent fixture in your
starting lineup for the remainder of the season.

 David Akers , K PHI - Free Agent Updated 11/27/00
 Akers kicked two field goals against the Redskins, including what turned out
to be the game winner.  He connected on boots of 33 and 30 yards, and has now
kicked nine field goals in his last three games. Look for Akers' success to
continue this week against the Titans, in game where the placekickers could
play a major role in the final score.

 Jeff Thomason , TE PHI - Free Agent Updated 11/27/00
 Talk about a good touchdown percentage - Thomason has caught only nine
passes all year, but five have been for a touchdown.  Although he does seem
to get into the end zone quite a bit, don't let the numbers fool you.  Unless
you are in a deeper Fantasy league, Thomason won't be a reliable option when
it comes time for your playoffs to begin.

 Sam Gash , RB BAL - Free Agent Updated 11/27/00
 Gash, making his sixth start in place of injured Obafemi Ayanbadejo, had a
two-yard touchdown pass in yesterday's game against Cleveland. Don't take
that to mean he's a sleeper over the remainder of the season; Gash had just
one other catch (for six yards) in the game and will continue to serve almost
entirely as a blocker, a role he is perfectly-suited for.

 Shaun King , QB TB - Tori Kuykendall Updated 11/27/00
 King was rather mediocre against the Bills Sunday.  He completed 10-of-18
passes for 106 yards.  King has now gone two consecutive games without
throwing a touchdown pass.  That should change this week when he faces a
Dallas defense with an almost nonexistent pass rush.  The Cowboys have a
league worst 17 sacks this season.  King's offensive line will provide him
with plenty of time to pick the Cowboys' secondary apart.

 Ravens , DT BAL - Eric Bass Updated 11/27/00
 Although Cleveland scored a touchdown on its opening drive Sunday, becoming
the first team to achieve the feat this season, the Ravens' defense posted
yet another dominating performance. Foiled in its quest to post its
record-tying fifth shutout of the season, Baltimore held the Browns to just
seven points and a staggering 112 net yards. The Ravens also had six sacks,
an interception and two fumble recoveries in the game. It's probably safe to
say that owners of this defense are already playoff-bound. Although Baltimore
has its bye week next, Fantasy owners have to be happy to sport this defense
during their playoff run, as the team faces weaker offenses San Diego and
Arizona coming off the bye.

 Charles Johnson , WR PHI - Free Agent Updated 11/27/00
 Johnson has been very unproductive over Philadelphia's last five games,
compiling only only eleven catches and 94 yards receiving.  None of
Philadelphia's receivers, including Johnson, is worth wasting a roster spot
on at this point.  Look for better reserve wideouts before your playoffs
begin.

 Torrance Small , WR PHI - Free Agent Updated 11/27/00
 Small could only haul in one pass for 18 yards against the Redskins.  He has
been a real disappointment to Fantasy owners who took a chance on him,
catching only one pass in four of his last five games.  It's time to look for
an alternative to Small if he is still on your roster.

 Tony Banks , QB BAL - Matt Lenhart Updated 11/27/00
 Banks was called on during the third quarter of Sunday's game against
Cleveland after it was well out of hand. He completed just two of three
passes for 45 yards, but looked respectable in a reserve role. Although
that's good news for the Ravens, don't read into this as a sign he'll get
much, if any, playing time during Baltimore's final three games.

 Keyshawn Johnson , WR TB - Top Dogs Updated 11/27/00
 Johnson is struggling once again.  He had just two catches for 15 yards
against the Bills Sunday.  After catching four TDs in three games, Johnson
has just four catches in the last two.

 Chad Lewis , TE PHI - Free Agent Updated 11/27/00
 Lewis was solid in Sunday's win over Washington, catching six passes for 53
yards in the game.  He has had three consecutive productive games after a bit
of a mid-season slump, and should get a number of looks this week against
Tennessee. Keep him in the starting lineup as your Fantasy playoffs
approach.

More Updates

Copyright 2000 Commissioner.COM Inc and SportsLine.com Inc.
Your site is always at http://football.commissioner.com/ene

FB10SP


Mark/Sara,

We are attempting to get two amendments to the ISDA with AEP right now.
Mark, you are working on the Amendment allowing for EOL Transactions to not
need written Confirmations and Sara is working on an amendment that will
change the Confirming Party to ENA (for some reason, AEP was allowed to be
the Confirming Party when the Master was drafted.)   At any rate, is it
possible that we send both of these amendments to AEP at the same time?  We
want to make sure that AEP views these amendments together and sign off on
both.  We think they'll be more comfortable signing them both at once rather
than a couple of weeks apart.

Let me know.

Thanks,
Joe Hunter


Rich,
	Give me a call when you have a chance to discuss.
Thanks,
Lindy

 -----Original Message-----
From: 	Jolly, Rich
Sent:	Sunday, November 04, 2001 7:27 PM
To:	Huber, Lee
Cc:	Donoho, Lindy; Roensch, David; Harris, Steven; Watson, Kimberly; Gottsponer, Morgan
Subject:	RE: Installation of Pigging Facilities

Thanks for everyone's help on this and I apologize for being so late in answering back . We've been on team reviews for the last couple of weeks, doing reviews during the day and traveling to next location. I agree that we should approach them from the Special Service side. At this time we have our yearly meeting set up for Nov. 12th but this could change. Todd Stubbs is ready but Bob Checketts is having problems scheduling this week. He's tied up on a security task force for their company. Todd should let me know this week if we're still on for the 12th.  Lindy do you or someone else plan to attend the meeting? If not I'll plan to visit with Todd and see how he reacts to the facility upgrade if that's OK with everyone. I'm still not sure if we plan to do this next year but will find out this week and let you know.

Normally we have our meeting by September 1st but NW was setting it up this year and November was targeted for a meeting. I'll give you a call on Monday and we can discuss. Do you think we need a conference call to discuss?

Thanks
RJ

From:	Lee Huber/ENRON@enronXgate on 10/31/2001 03:43 PM CST
To:	Lindy Donoho/Enron@enronXgate, Rich Jolly/ET&S/Enron@ENRON, David Roensch/ET&S/Enron@ENRON
cc:	Steven Harris/ENRON@enronXgate, Kimberly Watson/ENRON@enronXgate, Morgan Gottsponer/ENRON@enronXgate

Subject:	RE: Installation of Pigging Facilities

I agree with using your Special Services assessment. It's not an expansion as there is no increase in certificated capacity. So nothing ventured, nothing gained.

 -----Original Message-----
From: 	Donoho, Lindy
Sent:	Thursday, October 25, 2001 9:41 AM
To:	Jolly, Rich; Roensch, David; Huber, Lee
Cc:	Harris, Steven; Watson, Kimberly; Gottsponer, Morgan
Subject:	Installation of Pigging Facilities

I have reviewed the La Plata Facilities O&O Agreement.  Lee, could you please review the same and see if you agree with this assessment?  It appears to me that the pigging facilties could qualify as either of the following:

Special Services.  This would be subject to prior written consent and agreement between the Operator (TW) and the Operating Committee (TW & NWPLRepresentatives).  If NWPL agreed, their share of the cost would be in proportion to their ownership interest.  If we did obtain their approval, future O&M cost attributable to the pigging facilities could be shared among the owners.  (We've agreed to a flat fee for 2000 through 2003 with a 3.5% escalator starting in 2001.)

Addition or Expansion.  Demonstrate that the pigging will add incremental transmission capacity. We have to give notice to NWPL and they have 60 days to participate.  If they participate, they share in the cost at their ownership interest, but they get a share of the incremental capacity at their ownership interest.  If they don't indicate a desire to participate in 60 days, we can proceed with the Expansion (without any approval, but also no cost sharing).  Also, any incremental O&M associated with an expansion cannot be passed on to any owners not participating in such expansion.

I think if we went the Special Services route, we would need to justify the need for these facilities to maintain the integrity and efficiency of the facilities at current levels.  I think we would spend alot of time arguing this with them and in the end they would probably approve it subject to them not incurring any cost.  (They probably don't have $260,000 ($1.5MM * .174) sitting around in a budget somewhere that they'd like to fork over for these facilities.)  Rich, what do you think?  How difficult would it be to demonstrate that these facilities are necessary for maintaining the current operating levels of the facilities?

Recommendation:  To save us the 60 days notice period of an Expansion, I think we should notify them that it's a necessary Special Service and ask for approval (& to pass along their share of the cost), but to be prepared to eat 100% of the costs to obtain their timely approval and proceed with the installation of the facilities.  In this event we would need to agree on the inclusion of future O&M attributable to these facilities.

FYI, their ownership interest is still officially 22.3% since they have not executed the Amendment that has been tendered to them 3 times, first by me and twice by Lynn Blair.  If	they execute the Amendment that incorporates the 4/1/98 expansion of the facilities, their ownership interest will be 17.4%.


---------------------- Forwarded by Don Miller/HOU/ECT on 10/20/2000 08:28 AM
---------------------------

mhhurtado@duke-energy.com on 10/18/2000 02:51:20 PM
To: don.miller@enron.com
cc: japearson@duke-energy.com, jparker@mayerbrown.com, jusow@mayerbrown.com
Subject: Questions regarding PSD permit for Lincoln

Don,

As a result of our review of the information and documents on Lincoln we
are requesting additional documents which are not in the data room.

1.   Relating to the plant's PSD:

     The Mostardi & Platt emissions test protocol for the May 2000
     emissions test
      A report to Illlinois EPA containing the emission test data
     Continuous Emission Monitoring (" CEM") Data ( all data
     developed since start-up)
     Any reports to IEPA required under the permit pertaining to
     exceedances, or
     start-up, breakdown & malfunction ( we have internal memos indicating
     that there
     was a breakdown at # 7 on July 5,2000)

2. Also, we don't have any permits for wastewater discharge. We have been
told that there is no wastewater discharged except
sewage/office wastewater which is going to a septic field. But we have no
verification of this at this point.

Thank you for your attention to these items.

Mario H. Hurtado
Duke Energy North America


---------------------- Forwarded by Daren J Farmer/HOU/ECT on 06/27/2000
08:36 PM ---------------------------

Victor Lamadrid
06/27/2000 03:50 PM
To: Edward Terry/HOU/ECT@ECT, Randall L Gay/HOU/ECT@ECT, George
Smith/HOU/ECT@ECT, Daren J Farmer/HOU/ECT@ECT
cc: Robert Superty/HOU/ECT@ECT
Subject: Flexible Physical US Nat Gas Products on EnronOnline

Wanted to give you a heads up to these flexible physical deals that might
involve your desks via EOL in the near future. We already have one in the
East.  I stressed to the Sitara/EOL folks the importance of adding comments
to the term sections of these baseload and term tickets so we know what is
happening.  One side of these buy/sell or exchange deals will be ratable and
the corresponding partner ticket will have the optionality.Comments will
include the corresponding deal number, that it is in fact a buy/sell or
exchange deal and the delivery time period(3,5 or 10 days) that the
counterparty desires.
I hope this helps...THANKS!

---------------------- Forwarded by Victor Lamadrid/HOU/ECT on 06/27/2000
02:51 PM ---------------------------

	From:  Thomas Engel                           06/26/2000 11:49 AM

To: Linda S Bryan/HOU/ECT@ECT, Karen Lambert/HOU/ECT@ECT, Larry Joe
Hunter/HOU/ECT@ECT, Dale Neuner/HOU/ECT@ECT, Victor Lamadrid/HOU/ECT@ECT
cc: Bob Bowen/HOU/ECT@ECT, Scott Mills/HOU/ECT@ECT
Subject: Flexible Physical US Nat Gas Products on EnronOnline

Can you all meet this afternoon or tomorrow to discuss this.
Call me 3-1488.

---------------------- Forwarded by Thomas Engel/HOU/ECT on 06/26/2000 11:42
AM ---------------------------

	From:  Scott Mills                           06/23/2000 09:51 AM

To: Thomas Engel/HOU/ECT@ECT, Linda S Bryan/HOU/ECT@ECT, Karen
Lambert/HOU/ECT@ECT, Bob Bowen/HOU/ECT@ECT
cc:
Subject: Flexible Physical US Nat Gas Products on EnronOnline

Got any ideas on how this transaction should look.  This looks like a monthly
volume that would be further refined to daily on the expected volumes once
the counterparty has made their decision  (I would imagine logistics will be
the one communicating with the counterparty).  We probably need EOL to
indicate whether it is a 3, 5, 10 day delivery cycle and then indicate this
as comments.

Linda/Karen -what are your thoughts on how separate GTC would work on this.

If we could all do a little homework.  I will get something scheduled for
next week to discuss further.

SRM (x33548)
---------------------- Forwarded by Scott Mills/HOU/ECT on 06/23/2000 09:37
AM ---------------------------
Dale Neuner   06/23/2000 08:40 AM

To: David Forster/Corp/Enron@Enron, Sheri Thomas/HOU/ECT@ECT, Scott
Mills/HOU/ECT@ECT, Bjorn Hagelmann/HOU/ECT@ECT, Tom Moran/HOU/ECT@ECT, Debbie
R Brackett/HOU/ECT@ECT, Mark Taylor/HOU/ECT@ECT, Stacy E Dickson/HOU/ECT@ECT,
Jeffrey T Hodge/HOU/ECT@ECT, Jeff Blumenthal/HOU/ECT@ECT, Stephen H
Douglas/HOU/ECT@ECT, Rudi Zipter/HOU/ECT@ECT, Imelda Frayre/HOU/ECT@ECT,
Larrissa Sharma/HOU/ECT@ECT, Torrey Moorer/HOU/ECT@ECT, Frank L
Davis/HOU/ECT@ECT, Melba Lozano/HOU/ECT@ECT, Robert B Cass/HOU/ECT@ECT,
Jefferson D Sorenson/HOU/ECT@ECT, Bob Bowen/HOU/ECT@ECT, Larry Joe
Hunter/HOU/ECT@ECT, Jennifer Blay/HOU/ECT@ECT
cc: Scott Hendrickson/HOU/ECT@ECT
Subject: Flexible Physical US Nat Gas Products on EnronOnline

We are positioning ourselves to release a new Product Type that we will refer
to as a Flexible Physical Gas product. Legal is in the process of drafting a
GTC and Product Type description that will be used with this Product Type. I
will start the building process once Legal provides the GTC and Product Type
description; but in the interim, here's a broadstroke description of how the
transaction works:

Party A and Party B exchange gas during the month of June 2000.

Party A buys 10,000 MMBtu per day (or 300,000 total MMBtu) at TCO Pool Index

Party B has the right to notify Party A of when Party B wants to take
delivery during the month of June, and may take delivery in one of three
forms: 3-day delivery, 5-day delivery, or 10-day delivery. The gas nominated
for each such day would be a percentage of the total 300,000 MMBtu (i.e.; If
Party B chooses 5 days for nomination, Party A would deliver 20% of the
300,000 MMBtu on each of those 5 days for a total nom of 100%).  Party B pay
TCO Pool Index PLUS a premium.

I understand that this type of transaction is currently done
over-the-counter. Scott Mills has previously issued an explanatory e-mail of
Sitara concerns and we should begin to address those issues.

Bjorn - if you could ask someone to prepare a Sigma Factor in advance, then
my turn around time to for the Product Type should be reduced. Also, due to
the varying 'optionality', do you think these three different products will
require three different Product Types?

Please feel free to call if you have any questions.

Dale
3-9746


Please get this info to me and I will pass it on to AA.  Thanks.

DG
---------------------- Forwarded by Darron C Giron/HOU/ECT on 11/07/2000
02:52 PM ---------------------------

Sharon Smith@ENRON
11/06/2000 05:14 PM
To: David Baumbach/HOU/ECT@ECT, Kam Keiser/HOU/ECT@ECT, Darron C
Giron/HOU/ECT@ECT
cc:
Subject: Monthly Gas Testing

In order for us to complete our monthly gas testing, please provide the
following items.

 P&L top sheet for the last day of August.  Additionally, if the majority of
the P&L pertains to curve shift, please provide the P&L top pages for five
of  the  largest days including the Curve Shift Reports.

  Central Firm
  Central Intra-Month

 P&L top sheet for the last day of September.  Additionally, if the majority
of the P&L pertains to curve shift, please provide the P&L top pages for five
of  the largest days including the Curve Shift Reports.

  Central Intra-Month
  FT - West
  FT-Northwest
  Mgmt- West
  West Gas Daily
  Storage (Curve shift reports only)

Thank you in advance for your help.  If you have any questions, please
contact me at 5-7346.

Sharon


-----Original Message-----
From: 	Gerry, Robert
Sent:	Friday, January 18, 2002 1:02 PM
To:	Herndon, Rogers; Schneider, Bryce
Subject:	friday equity report

Johnson and Johnson (JNJ) will come out with earnings on Tuesday.

JNJ is currently trading high in its 30 day trading range.
The 30 day high is 60.18.
The 30 day low is 56.23.
JNJ with two hours to close of market is now at 59.85.

JNJ has trended up and in the opposite direction of the Dow in the recent market selloff as investors have moved to safety.

I look for JNJ to swing down from here in its tight 30 day range.

I look to short JNJ now and cover a little under 59.

JNJ is not volatile.
This is a mediocre trade at best and only good for 1 to 1.5 points.
If JNJ continues rallying I look to continue shorting and wait for the 2 to 3 point downswing that will follow.

Yesterday's recommendation of a short MSFT position was a much stronger idea.
But this is Friday's report.

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

Harley Davidson (HDI) released strong earnings last night.

The stock rallied to as high as 55.50 (up 1.20) and has since retrenched to 54 (down 0.30).

Harley is a strong short candidate at any point over 55.
It trades down from there into its 30 day range.


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FYI.  Thanks. Lynn

 -----Original Message-----
From: 	Hass, Glen
Sent:	Monday, December 03, 2001 10:36 AM
To:	Kowalke, Terry; Blair, Lynn; Donoho, Lindy; Lokey, Teb
Subject:	RE: Data Request for Tariff Filing (OBA's)

Please plan to attend a meeting on the OBA data on Wednesday, Dec. 5th at 1:30 PM in conf. rm 13c1.  Lindy, please connect me by conf. call at ext. 7419.  Thanks.  gh

 -----Original Message-----
From: 	Kowalke, Terry
Sent:	Thursday, November 29, 2001 1:10 PM
To:	Hass, Glen; Blair, Lynn; Donoho, Lindy; Lokey, Teb
Subject:	RE: Data Request for Tariff Filing (OBA's)

Glen,
At this time, Wednesday afternoon is the only time that seems to work for Lindy Donoho, Lynn Blair, and Terry Kowalke. Teb, please let Glen know if this day is ok for you. Thank you.
Terry Kowalke

 -----Original Message-----
From: 	Hass, Glen
Sent:	Thursday, November 29, 2001 10:53 AM
To:	Kowalke, Terry; Blair, Lynn; Donoho, Lindy
Subject:	RE: Data Request for Tariff Filing (OBA's)

It would probably be a good idea to have a meeting/conf. call next week to discuss this data.  Please me know when you are available and I'll schedule a meeting.  Thanks.  gh

 -----Original Message-----
From: 	Kowalke, Terry
Sent:	Friday, November 23, 2001 12:43 PM
To:	Blair, Lynn; Hass, Glen; Donoho, Lindy; Kowalke, Terry
Subject:	Data Request for Tariff Filing (OBA's)

Here is the information that was requested from our last meeting on Oct. 31, 2001. The last page of the report has the summary of the whole report. If you have questions, please respond. When is the next meeting? Thank you.

Terry Kowalke

 << File: TWAllocSchdVsOperOBAData Request.xls >>


Here are the responses to my CIPCO questions

1.  Henwood Energy is a third party evaluation consultant.  They will review
the RFP responses

2.  Burns & McDonald has assisted in site selection/review and will
participate in evaluation of any self-builds that CIPCO does.

3.  CIPCO has a preference to purchase from the market or from plants that
Enron would develop.  They are not big on wanting to build their own plant or
JV.

4.  CIPCO has identified a key site in Iowa that has direct access to their
own system as well as the Mid-Am system.  They would make that site available
to us if we needed it.  They will not reveal the site unless we get into
negotiations.

5.  CIPCO will consider terms longer than 5 years.  They would consider a
15-20 year term if there was a capital project involved.

6.  CIPCO does have their own transmission system as well as point/point
transmission agreements on Mid-Am and Alliant.  The point to point agreement
are from plants where CIPCO owns a partial share to CIPCO's system.

7.  CIPCO appeared to not value the LM-6000 technology to any higher degree
than other machines.

8.  CIPCO was not sure of how things would be financed.

9.  If CIPCO decided to self build, they would certainly be interested in
working with Enron on the gas deal.