---------------------- Forwarded by Mark Guzman/PDX/ECT on 12/12/2000 02:36
PM ---------------------------

Carla Hoffman
12/12/2000 12:18 PM
To: Tim Belden/HOU/ECT@ECT, Robert Badeer/HOU/ECT@ECT, Jeff
Richter/HOU/ECT@ECT, Phillip Platter/HOU/ECT@ECT, Mike Swerzbin/HOU/ECT@ECT,
Diana Scholtes/HOU/ECT@ECT, Sean Crandall/PDX/ECT@ECT, Matt
Motley/PDX/ECT@ECT, Mark Guzman/PDX/ECT@ECT, Tom Alonso/PDX/ECT@ECT, Mark
Fischer/PDX/ECT@ECT
cc:
Subject: DJ US Energy Secretary Warns Pwr Producers In West On Prices

---------------------- Forwarded by Carla Hoffman/PDX/ECT on 12/12/2000 12:27
PM ---------------------------

	Enron Capital & Trade Resources Corp.

	From:  "Pergher, Gunther" <Gunther.Pergher@dowjones.com>
     12/12/2000 11:14 AM

To: undisclosed-recipients:;
cc:
Subject: DJ US Energy Secretary Warns Pwr Producers In West On Prices

18:59 GMT 12 December 2000 DJ US Energy Secretary Warns Pwr Producers In
West On Prices
WASHINGTON (Dow Jones)--As California's electricity system teeters on the
brink of collapse, U.S. Energy Secretary Bill Richardson warned power
producers not to attempt to take advantage of the power-supply crisis.
"I am very concerned about the condition of power markets in the West.
Electricity supplies in parts of the region are tight and prices charged for
wholesale power in the region continue to spiral out of control," Richardson
said in a press release late Monday.
Richardson urged power providers not to attempt to take advantage of the
crisis by price gouging.
"While I have no specific knowledge of any such activities, it is important
that generators located throughout the region and in Canada and Mexico
understand that the administration won't tolerate any actions designed to
take advantage of the situation," Richardson said.
The energy secretary criticized a decision by Kaiser Aluminum Corp. (KLU) to
shut down an aluminum smelter in the Pacific Northwest that receives
low-cost power from the Bonneville Power Administration and resell that
power in open markets for a profit of $52 million.
"I have instructed Bonneville to explore all necessary actions to prevent
Kaiser from remarketing this power," Richardson said.

   -By Bryan Lee, Dow Jones Newswires; 202-862-6647; bryan.lee@dowjones.com

(END) Dow Jones Newswires 12-12-00
1859GMT Copyright (c) 2000, Dow Jones & Company Inc

G_nther A. Pergher
Senior Analyst
Dow Jones & Company Inc.
Tel.  609.520.7067
Fax. 609.452.3531

The information transmitted is intended only for the person or entity to
which it is addressed and may contain confidential and/or privileged
material.  Any review, retransmission, dissemination or other use of, or
taking of any action in reliance upon, this information by persons or
entities other than the intended recipient is prohibited. If you received
this in error, please contact the sender and delete the material from any
computer.


Attached - still not quite final - waiting for confirmation from Tom Gros and
Philippe Bibi.   Can we add an Enron logo to the top of the first page?
Thanks.

I also sent this version to Mike Jordan, Fernley Dyson and Shona for their
input.

Can you e:mail a copy to Tom Hopwood?  Thanks.


Per your request.


Mark, do you want 4  Diamond Level seats to this Saturday night's Astros
game??
?
Bill
?
H. William Swanstrom
Locke Liddell & Sapp LLP
bswanstrom@lockeliddell.com
(713) 226-1143
?
?


please print this and file Corporate American Express Cards. Thanks.

 -----Original Message-----
From: 	Cash, Michelle
Sent:	Wednesday, September 26, 2001 2:02 PM
To:	Alvarez, Irma
Subject:	RE: AMEX card Agreement

I don't think you need to have a separate payroll deduction document at termination, but it probably would be good to provide them with a copy of the one they previously signed.

My thought was that it may make sense to remind all Amex card holders of the policy so that there are no surprises at termination.

Michelle

 -----Original Message-----
From: 	Alvarez, Irma
Sent:	Wednesday, September 26, 2001 10:49 AM
To:	Cash, Michelle
Cc:	Walton, Sheila; Ross, Johnny; Slone, Cheryl; Seleznov, Ryan; Goode, Diane
Subject:	RE: AMEX card Agreement

Thank you ma'am for your quick response.

I can work with Cheryl Slone, Johnny Ross & Ryan regarding the communication to all current Amex users. As for the communication to the HR Community, I can get that out today to make this new implementation to our Termination process effective 10/01/01.

Now, my only additional question now is, the employee has already signed the Amex Agreement as I specified below, do you see a need for me to include an additional document in the Termination packet for the employee to acknowledge as well for that Payroll deduction. I was planning on it since they have already signed the Amex agreement, but, if you think we (The HR Svc Connection) should, please let me know and I will prepare something and run it by you.

Please advise.

Thxs,
Irma Alvarez
HR Svc connection
Ext. 3-1543

 -----Original Message-----
From: 	Cash, Michelle
Sent:	Wednesday, September 26, 2001 10:30 AM
To:	Alvarez, Irma
Cc:	Seleznov, Ryan
Subject:	RE: AMEX card Agreement

I like this approach.  Let's document it and let people know.  We probably want to send some sort of communication to persons holding an Amex card, and I believe that Ryan Seleznov is looking at our overall process of who actually gets a card. Thus, I am copying her on this email.  Michelle

 -----Original Message-----
From: 	Alvarez, Irma
Sent:	Wednesday, September 26, 2001 9:16 AM
To:	Cash, Michelle
Cc:	Goode, Diane; Walton, Sheila; Slone, Cheryl; Ross, Johnny
Subject:	FW: AMEX card Agreement

Michelle,

I met with Cheryl Slone & Johnny Ross yesterday regarding our current In-effective termination process when it comes to American Express balances for terminated employees.

After sitting down with both, I made my recommendations and I got their feedback as well.  It seems that the following outlined recommendations is what we both agreed upon and would like to implement immediately.  However, I would like your blessing on this before I actually send out the communication to my team and the EWS HR Community.

I have attached our current termination process flow.

Recommendations from yesterday's mtg.

1) Begin requesting an American Express balance at the same time we send the request for the stock option summary.

2) Provide balance sheet in termination folder for generalist to conduct the Exit interview.

3) Reiterate to employee their signed corporate card agreement, Number 9, which you can see in the attachment below.
	I understand that UPON MY TERMINATION I will have to pay any outstanding balance owed on the Corporate Card
	PRIOR to receiving my final check.  I hereby authorize Enron to withhold from my check or checks, any and all amounts
	outstanding.

4) Since the employe will be processing a final expense report and will be receiving a check from the expense report group, an automatic deduction from their final check for their balance should not be a great impact for them.

5) This will reduce the time and energy that HR Reps spend tracking ex-employees after the fact and confirming that they have paid Amex, after they have received their final Expense Report.

6) My team has the access to include Amex balance withholding as part of our SAP Termination action before payroll finalizes.

7) MOST IMPORTANTLY!!!  This reduces the liability that Enron has had to incur with Amex and will save our Company a tremendous amount of money.

8) For those balances that are more than the actual final check amount, the HR Svc Connection will work with the generalist on a case by case basis.

Again, if you could please give me your approval or feedback asap, that would be great.

Thank you ma'am.

Irma Alvarez
HR Svc Connection
Ext. 3-1543

 << File: Termination Flowchart - SAP Action.ppt >>

 -----Original Message-----
From: 	Ross, Johnny
Sent:	Wednesday, September 26, 2001 8:56 AM
To:	Alvarez, Irma
Cc:	Slone, Cheryl
Subject:	AMEX card Agreement

 Irma,
Attached is a copy of the Card Agreement we use for the AMEX apps.

    << File: AE Agreement Form.doc >>
 Please call me if you have any questions.

Thank you,
Johnny Ross
713-646-8314


EES entered into a GISB with BP Energy Company.  I cannot locate the file.  Christy Finelli is in charge of the GISB World and is out today.  By copy of this e:mail I am requesting Christy to provide a copy of the agreement for you.

With respect to Castrol Industrial North America, Inc. Legal does not have any contracts with this counterparty nor does the Confirmation desk have any documentation  that supports EESI doing business with this company.

If there is other info about this customer you may have, I could pass that along to the confirmation desk for further research.

Karen

Karen


we're always looking for new recruits, eh?


Just the East for April please.

 -----Original Message-----
From: 	Dinari, Sabra L.
Sent:	Tuesday, April 09, 2002 10:11 AM
To:	Greif, Donna
Cc:	Germany, Chris
Subject:	RE: Unify Reports

Chris, which desks do you want to look at?  I can print all even though there are zeroes on most of them.

Sabra

 -----Original Message-----
From: 	Greif, Donna
Sent:	Tuesday, April 09, 2002 9:45 AM
To:	Dinari, Sabra L.; Wukasch, Jeanne
Cc:	Germany, Chris
Subject:	FW: Unify Reports

Jeanne,

Would you mind reviewing the P&L reports with Sabra.  Kim used to check there reports after flash, and Sabra will begin taking over those responsibilities.

Appreciate your help!

dg

 -----Original Message-----
From: 	Germany, Chris
Sent:	Tuesday, April 09, 2002 9:11 AM
To:	Greif, Donna
Subject:	Unify Reports

I can't find any of the reports that Kim Olinger used to run out of Unify.  BUT, Jeanne Wukasch was in Kim's group and she would know how to run them.  I believe they were called Service P&L reports.  The only thing we would use them for now are transport demand charges.


Stacey L. Wales

Stacey Wales
Origination Transaction Support
Enron Industrial Markets
713-345-7186


---------------------- Forwarded by Phillip K Allen/HOU/ECT on 02/05/2001
08:45 AM ---------------------------

Jeffrey C Gossett
02/02/2001 09:48 PM
To: Larry May/Corp/Enron@ENRON, Phillip K Allen/HOU/ECT@ECT
cc:
Subject: re: book admin for Pipe/Gas daily option book

When we meet,  I would like to address the following issues:

1.)  I had at least 5 people here past midnight on both nights and I have
several people who have not left before 10:30 this week.
2.)  It is my understanding that Susan was still booking new day deals on
Thursday night at 8:30 b/c she did not get deal tickets from the trading
floor until after 5:00 p.m.
3.)  It is also my understanding that Susan is done with the p&l and
benchmark part of her book often times by 6:00,  but that what keeps her here
late is usually running numerous extra models and spreadsheets.  (One
suggestion might be a permanent IT person on this book.)  (This was also my
understanding from Kyle Etter,  who has left the company.)

I would like to get this resolved as soon as possible so that Larry can get
the information that he needs to be effective and so that we can run books
like this and not lose good people.

Thanks

Larry May@ENRON
02/02/2001 02:43 PM
To: Sally Beck/HOU/ECT@ECT, Jeffrey C Gossett/HOU/ECT@ECT, Susan M
Scott/HOU/ECT@ECT, Errol McLaughlin/Corp/Enron@ENRON
cc: Phillip K Allen/HOU/ECT@ECT, John Arnold/HOU/ECT@ECT
Subject: re: book admin for Pipe/Gas daily option book

As you might be aware,  Susan Scott (the book admin for the pipe option book)
was forced by system problems to stay all night Wednesday night and until 200
am Friday  in order to calc my book.  While she is scheduled to rotate to the
West desk soon,  I think we need to discuss putting two persons on my book in
order to bring the work load to a sustainable level.  I'd like to meet at
2:30 pm on Monday to discuss this issue.  Please let me know if this time
fits in your schedules.

Thanks,

Larry


Hi Steve,

I wanted to send this to you before I send it out to others, since I feel
like there were changes we had discussed that somehow didn't make in the last
draft.   Guess you can say this is a sanity check!  If it looks good to you,
then I will send it out, unless you prefer to make distribution.

Kay


- kudlow 102501.doc


(See attached file: NAPM Survey.pdf)(See attached file: Construction
Spending.pdf)

      Carr Futures
      150 S. Wacker Dr., Suite 1500
      Chicago, IL 60606  USA
      Tel:  312-368-6149
      Fax:  312-368-2281
      soblander@carrfut.com
      http://www.carrfut.com
 - NAPM Survey.pdf
 - Construction Spending.pdf


Any interest in doing something tonight?


thanks

 -----Original Message-----
From:  Jones, Tana
Sent: Wednesday, May  16, 2001 5:28 PM
To: Allario, John
Subject: General Motors NDA

 << File: general motors a.doc >>


On September 10, each of the UDCs filed applications to change distribution
level standby rates.  In Decision 01-07-027, the Commission had directed
the UDCs to file such applications to propose distributed generation standby
rates in conformity with certain requirements set forth in that decision.
These standby rates are to viewed as interim, subject to change in
individual utility proceedings.

I have not reviewed the applications thoroughly.  Please let me know if you
would like me to do such or whether you wold like a copy of the applications
( I do have two of the three UDCs electronically).

Jeanne Bennett


Judy,
Could you let me know if you are still using the CQG application?

Thanks,
Julie Pechersky
Market Data
x39225


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Hello Sue:

What time would Steve need to be there and what time can he leave?  I need to
start thinking about flights.

Thanks !!

From: Susan M Landwehr on 05/20/2001 09:35 PM
To: Steven J Kean/NA/Enron@Enron
cc: Richard Shapiro/NA/Enron@Enron

Subject: Re: Gov Geringer meeting

Steve--unfortunately, I really do need you to do this one.

	Steven J Kean
	05/17/2001 12:04 PM

		 To: Susan M Landwehr/NA/Enron@Enron
		 cc:
		 Subject: Re: Gov Geringer meeting

I'd prefer to skip.  How big of a problem would that be?

From: Susan M Landwehr on 05/14/2001 03:09 PM
To: Steven J Kean/NA/Enron@Enron, Richard Shapiro/NA/Enron@Enron
cc: Maureen McVicker/NA/Enron@Enron, Ginger Dernehl/NA/Enron@Enron, Paul
Kaufman/PDX/ECT@ECT

Subject: Gov Geringer meeting

Steve/RIck ---as you may be aware, Governor Geringer personally asked Ken Lay
to come to the kick off meeting of the Wyoming Energy Task Force, a group
that was created by legislative mandate last month.  The meeting is on May
30th in Cheyenne.  Mr. Lay told the Governor that he would not be able to
make it on that date, but promised that a senior Enron exectutive would be
there.  I spoke with Governor Geringer's staff person again this past week
and was hoping that Paul Kaufman could be the senior executive, but no such
luck (unless you give Paul a huge new title!).

In talking with Maureen I understand that you have a previous conflict Steve,
but I am hoping that you can review your calendar to see if you could make an
adjustment in order to meet the request of the Governor.  Your speech would
be in the morning--I've been told about 9 o clock or so---which would allow
for you to leave by noonish.

I


Credit may require additional terms for specific counterparties.

Mark Taylor
Vice President and General Counsel
Enron Wholesale Services
(713)853-7459


OK but you need to fill out the form and get it to Cindy.  If you need help call Cindy.  She can schedule the plane for you and probabley take care of the paper work.

 -----Original Message-----
From: 	Mahan, Mariella
Sent:	Friday, November 09, 2001 3:04 PM
To:	Horton, Stanley
Cc:	Stark, Cindy; Hughes, James A.; Jernigan, Steve
Subject:	FW: Energy Forum in New York City, Nov. 15 & 16

Stan,
Per our earlier discussion, this is a request for permission to use of the company's plane so that Jim and I can attend the ceremony below, which will be used to sign an agreement with the utility, pursuant to which they will acquire the Subic and Butangas power assets.  Our team, lead by Steve Jernigan, will work around the clock between now and that date to paper the transaction.  The documentation will still be subject to board approval.  If things go as planned, we could be talking about proceeds in the range of $100 to $110 million at a purchase price that is in excess of 30% higher than our own fair market valuation for the asset.  Earnings results will depend on tax' position vis a vis the booking of deferred US taxes on the transaction.

Thanks, Mariella

 -----Original Message-----
From: 	Gallego, Manuel
Sent:	Friday, November 09, 2001 5:51 PM
To:	Jernigan, Steve
Cc:	Mahan, Mariella; Gaffud, Miguel; Mendiola, Wilma; Esguerra, Angel
Subject:	Energy Forum in New York City, Nov. 15 & 16

Dear Steve,

The Energy Investors' Forum in New York City appears to be a "by invitation only" affair hosted by CSFB on Nov. 15 and by Citibank on Nov. 16.

Highlights of Nov. 15
Investors' Forum with Philippine DOE Secretary Vince Perez speaking at 3:30 pm in Norse Suite, 18th Floor, Waldorf Astoria
Signing of MOU's (3 to 4 inclusive of the two agreements with Enron) at 5:10 to 5:20 pm--Ed Delfonso (President of PSALM) and Vince Perez (DOE Secretary and also Vice Chair of NPC) are expected to be the signatories on the agreements with Enron; President Arroyo is likely to be in attendance

Highlight of Nov. 16
Investors' lunch hosted by Citibank probably also in Waldorf Astoria but not yet confirmed

While we are still unsure whether or not we will have the agreements ironed out by Monday/Tuesday next week, the Philippine DOE has requested that we submit the names of Enron individuals that should be invited to the events.  We need to have this list immediately, which I will discuss with you shortly.

Best regards,
Manuel


John,

It seems to me that using a risk-free rate is not appropriate. I shall
elaborate on my
position and send you a longer message this afternoon (my time).

Vince

	Enron Capital & Trade Resources Corp. - Europe

	From:  John Bottomley                           06/19/2000 05:55 AM

To: Vince J Kaminski/HOU/ECT@ECT
cc: John Sherriff/LON/ECT@ECT, Dale Surbey/LON/ECT@ECT
Subject: Equity investment Fair Value in Turkey

Vince,

John Sherriff recommended that I contact you regarding an interesting (and
potentially contentious) option valuation issue we are currently dealing with
in London.  We hold longish term options in a private company in Turkey which
is currently seeking to IPO.  The issue we are discussing with RAC is which
discount rate (i.e., risk-free? and if so Turkish or US?) should we use to
value these options

First, some additional information.

Option characteristics:
-- 116,000 options (representing 9% of the company)
-- Term:  minimum of 3 years but possibly longer -- still being renegotiated
-- Strike price:  20% below the upcoming IPO price (either priced in US$ or
Turkish Lire)

We currently hold the above number of options with a fixed price of $118.75
per option but 34,800 expire on July 15, 2000 with the remainder expiring on
December 15, 2000.  The company's investment bankers (ABN / AMRO Rothchilds)
are concerned regarding the strike price because it values the company at
$118 million and they believe the company is worth approx $300 million.  Due
to such a large "valuation gap", they originally encouraged us to exercise
all of the options by the end of June (IPO target date in late Sept / early
Oct).  Our counter-proposal is to "swap" instrinsic value for time value by
repricing the options strike higher while extending their term.

We are currently negotiating with RAC the most appropriate discount rate to
use to value the options.  We are arguing that the US risk free is the most
appropriate discount rate and their current position is that the company's
historical senior debt cost (18%) is the more appropriate number to use
(although admit that this is not justifiable -- only a proxy)

A few key points:
-- RAC is valuing the options via Crystal Ball simulations such that this "to
be negotiated" discount rate is used to calculate the PV of the future
options intrinsic value in 3 years
 (i.e., for Black-Scholes, a higher discount rate yields a higher value but
the opposite is true using Crystal Ball simulation)
-- The model simulates both an IPO / no IPO case and in the case of no IPO we
have put options for our equity priced at a fixed 17% return
-- The model assigns a 30% illiquidity discount
-- In the simulated cases where the options are out-of-the-money, we
obviously do not exercise.

We understand that for Black-Scholes option valuation, one needs to be able
to construct a comparable portfolio of cash flows using equity futures and
the risk free in order for the valuation to hold.  And here is where we reach
our difficulty:  since the company doesn't currently trade on a public market
and since equity futures do not exist for Turkish equities, RAC is arguing
that a US risk free is not appropriate to use.  Our argument is that the
non-IPO scenario, a 30% illiquidity discount and a US$ based option
volatility are already in the factored into the simulation.  As such, we feel
RAC's approach is double counting.

If you managed to get through the above, your a patient man!  I'll give you a
call today or tomorrow after you've had a chance to digest the information.

Regards,
John Bottomley


Ask him if Scherer 1,2,3 and/or 4 would work?   Let him know that an odd lot would command a $2.50-3.00/Mwh premium on top   In addition, even if we used Scherer, it would be from any one of the facilities therefore the transmission would need to be able to use any of the Scherer units as a source.

 -----Original Message-----
From: 	Braddock, Billy
Sent:	Monday, October 08, 2001 10:21 AM
To:	Presto, Kevin M.
Subject:	TEA - into MEAG

TEA is looking to buy 20MW, 5x16, June-Sep'02, into MEAG.  Also looking to buy 20MW, 5x16, Cal'02, into MEAG.  I told them we may be more willing to offer into GTC.  His response was he would need to know which facility or interface would be the source (I suspect this is so he can reserve ahead to use his network transmission).

Any interest?

Billy Braddock
Manager - Enron Power Marketing Inc.
713-345-7877 (work)
713-646-4940 (fax)
713-503-2166 (cell)


Hi everyone,

I just wanted to say thanks again for donating to JDF.  The walk was Sunday,
and the turnout was great!  Last I heard, Enron employees (including
matching) contributed a total of $468,000!!  I really appreciate your
generosity--hopefully it will help find a cure for diabetes!

Thanks!!
Allison


Thank you for taking the time to stop and speak with my wife and I at the EES
Christmas Party.  We realize you had numerous people to meet and greet.  I
was serious and very sincere when I said that Enron, under your leadership,
has grown into one of the most successful and innovative companies in the
world.

I am personally looking forward to being a major part of Enron's future.
Have a wonderful Holiday season and I look forward to a 2001 that is beyond
anyone's expectations.


YOu need to attend this one.	Kevin:   you may also want to attend.

 -----Original Message-----
From: 	Tauzier, Betty
Sent:	Tuesday, November 27, 2001 12:06 PM
To:	Freeland, Clint; DeSpain, Tim; Grajewski, Joseph T.; Williams, David; Reeves, Leslie; Sweeney, Kevin; Price, Brent A.; Bruce, Michelle; Smith, Jeff E.; Hall, Bob M; Scott, Laura; Apollo, Beth; Whiting, Greg; Brackett, Debbie R.; Hodges, Georganne; Nelson, Kimberley; Choyce, Karen; Sommers, Jeffrey E.; Hayslett, Rod
Cc:	Perkins, Mary; Garcia, Paul; Carter, Renee; Sczykutowicz, Marion
Subject:	Cash Forecasting
Importance:	High

A mandatory meeting requested by Ray Bowen has been scheduled for today at 2:00 PM in EB 2021 to discuss cash forecasting requirements.

We apologize for the short notice.

Thank you,

Betty Tauzier
Enron Corp Treasury
EB 2014
713-853-9817


please print this and attached and put in the Project Canary Due Diligence
file.  Thanks.  Michelle

---------------------- Forwarded by Michelle Cash/HOU/ECT on 12/06/2000 01:58
PM ---------------------------

"Lynn Scrivener" <lscrivener@davis.ca> on 12/06/2000 01:44:43 PM
To: <michelle.cash@enron.com>
cc:
Subject: Celgar Pulp Company

Attached are copies of Dean Crawford's correspondence to the  Employment
Standards Branch and to Celgar.? These documents are in  Microsoft Word
format.
?
Lynn Scrivener
Davis & Company
(604) 687-9444 x.  364
lscrivener@davis.ca
 - LTemp stds - Celgar request.doc
 - LT Cargill enc. authorization.doc


Thanks so much for your prompt and helpful response.

From: Tana Jones on 17/10/2000 11:08 CDT
To: Anne Edgley/LON/ECT@ECT
cc: Justin Boyd/LON/ECT@ECT

Subject: Re: ISDA Agreements - Hypovereins/Bank Austria

Below is an icon that will get you view access to the financial agreement
database.  This lists all the financial agreements we either have executed or
have drafts out to the counterparty (except Australia, which we are currently
loading into the database).   This database is available with view access to
any Enron employee.  If you have any questions about a specific entry, please
do not hesitate to call me (or email me!).

Link -->

	Anne Edgley
	10/17/2000 10:15 AM

		 To: Justin Boyd/LON/ECT@ECT
		 cc: Tana Jones/HOU/ECT@ECT, Markus Fiala/LON/ECT@ECT
		 Subject: Re: ISDA Agreements - Hypovereins/Bank Austria

Thanks Justin. As a follow-uo, Credit.com are now asking whether they can
have a list of all counterparties with whom with executed ISDAs. I presume
that is a long list but hopefully easily available. Thanks again for your
help.

Justin Boyd
17/10/2000 15:16
To: Anne Edgley/LON/ECT@ECT
cc:

Subject: Re: ISDA Agreements - Hypovereins/Bank Austria

Anne

FYI

J
---------------------- Forwarded by Justin Boyd/LON/ECT on 17/10/2000 15:18
---------------------------
From: Tana Jones on 17/10/2000 09:11 CDT
To: Justin Boyd/LON/ECT@ECT
cc:

Subject: Re: ISDA Agreements - Hypovereins/Bank Austria

No, no ISDA's or other master agreements in place with this counterparty.

	Justin Boyd
	10/17/2000 05:04 AM

		 To: Tana Jones/HOU/ECT@ECT
		 cc:
		 Subject: ISDA Agreements - Hypovereins/Bank Austria

Hi Tana!

Could you assist on this?

Many thanks

Justinian

---------------------- Forwarded by Justin Boyd/LON/ECT on 17/10/2000 11:06
---------------------------

Anne Edgley
17/10/2000 11:00
To: Justin Boyd/LON/ECT@ECT
cc:

Subject: ISDA Agreements - Hypovereins/Bank Austria

I have been asked by Credit.com whether there are ISDA agreements in place
with the above mentioned banks (who are about to merge). I suspect the answer
is No but please can we find out.
Thanks.


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


Please see the attached DOE report on Horizontal Market Power in Restructured
Electricity Markets.  Thanks.


Ken:

I thought you might be interested in the attachment.

Mark
---------------------- Forwarded by Mark - ECT Legal Taylor/HOU/ECT on
05/20/99 05:19 PM ---------------------------

Elizabeth Sager
05/20/99 04:52 PM
To: Mark - ECT Legal Taylor/HOU/ECT@ECT
cc:
Subject: June meeting of Contract Standardization Group

---------------------- Forwarded by Elizabeth Sager/HOU/ECT on 05/20/99 04:51
PM ---------------------------

	Enron Capital & Trade Resources Corp.

	From:  "Kathy Seaman" <KSeaman@eei.org>                           05/20/99
04:10 PM

Please respond to "Wholesale Electric Contract Standardization Group"
<contract@ls.eei.org>
To: "Wholesale Electric Contract Standardization Group" <contract@ls.eei.org>
cc:  (bcc: Elizabeth Sager/HOU/ECT)
Subject: June meeting of Contract Standardization Group

Please be advised that the meeting in June for the entire Standard Contract
Group is now confirmed to take place on Tuesday, June 8th, from 9:30 a.m. *
3:30 a.m. in EEI's offices at 701 Pennsylvania Avenue, N.W., Washington, D.C.
20004.  A revised contract and agenda will be forthcoming.

If you plan to attend this meeting, please inform Kathy Seaman at
202/508-5757 or respond to this message by using your e-mail program's
"ReplyTo" function.  If you have any questions or concerns, you can reach
Kathy at 202/508-5757 or Andy Katz at 202/508-5616.

In the meantime, attached for the entire group is a Petition for Exemption
filed with the CFTC on May 19 requesting that certain Electric Energy
Contracts be exempted from CFTC jurisdiction under the Commodities Exchange
Act (CEA).  The CEA contains an exemption for Energy Contracts for the
purchase sale of oil and natural gas products which have certain
characteristics.  The Petition asks that similarly situated Electric Energy
Contracts be included in the exemption. For further information on the
Petition, contact Michael S. Hindus, Cameron McKenna LLP, 415-954-8484,
mhindus@cmckenna.com

 - Petition_email version.doc


George,

Would you like to take a like at the service (see below).
The meeting is on July 12 at 2:30 (19th floor).

Vince

---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 06/29/2000
04:08 PM ---------------------------

"Edward Krapels" <ekrapels@esaibos.com> on 06/29/2000 03:53:40 PM
Please respond to <ekrapels@esaibos.com>
To: "'Vince J Kaminski'" <Vince.J.Kaminski@enron.com>
cc: "Jeffrey Shorter \(E-mail\)" <jshorter@wsicorp.com>
Subject: RE: Next visit to Houston

Vince,

Good to hear from you and I'm glad you're available. How is Wednesday at
2:30?

I did look at EOL and am not surprised to see its quality. I was unable to
say much about it in my Risk Electricity Hedging and Trading report because
of deadline pressures. How is the site doing? I am intrigued by the
competition for trading platforms and was astonished to hear that Goldman,
Morgan, BP and Shell were going to launch a site to compete with yours. Talk
about a shotgun marriage!

If we have time next week, I could step you through our website --
www.weathereffects.com. I'm very proud of what we've done. I can't give out
a password yet but would be happy to walk through the site with you over the
phone using my password. It's a very ambitious site -- with state-of-the-art
WSI weather (seasonal, 6-10, and day to day) driving a good load model for
PJM and NEPOOL. ESAI contributes oil and gas input price forecasts, capacity
judgments, and "herding" ideas to develop power price forecasts for same
time periods. After one month's full-bore effort, I'm pleased with the
results (e.g., we forecast Nepool onpeak to be $43 and it turned out $46).

Have a great weekend.

Ed

-----Original Message-----
From: Vince J Kaminski [mailto:Vince.J.Kaminski@enron.com]
Sent: Wednesday, June 28, 2000 5:29 PM
To: ekrapels@esaibos.com
Cc: Vince J Kaminski; Shirley Crenshaw
Subject: Re: Next visit to Houston

Ed,

I shall be available on both days. What about Wednesday,
July 12, between 1:30 and 4:00. Please, let me know
what time would work for you.

It will be nice to see you again.

Vince

P.S. By the way, did you have a chance to take a look at the EOL?

"Edward Krapels" <ekrapels@esaibos.com> on 06/28/2000 02:49:41 PM

Please respond to ekrapels@esaibos.com

To:   Vince J Kaminski/HOU/ECT@ECT
cc:
Subject:  Next visit to Houston

Dear Vince,

I will be returning to Houston during the  week of July 10.

ESAI and Weather Services International have launched -- after more than 18
months of R&D --  our service, called Energycast Power Trader and Energycast
Gas Trader, for power traders in Nepool and PJM. I would be happy to review
the service with you as well as take you on a tour of our web site. Are you
available on July 12 - 13?

Sincerely,

Ed Krapels


As info.
---------------------- Forwarded by George McClellan/HOU/ECT on 11/14/2000
12:59 PM ---------------------------

"Tony Lopez-Lopez" <tony.lopez-lopez@smartenergy.com> on 11/13/2000 06:59:43
PM
Please respond to "Tony Lopez-Lopez" <Tony.Lopez-Lopez@SmartEnergy.com>
To: "Garcia Jeannie & Jimmy" <agarcia2@maimondesmed.org>, "PILAR & PETE
TORRES" <petert2@postoffice.ptd.net>, "Bucci Rich" <Richard.Bucci@wgint.com>,
"Kirchberger PE Catherine" <catherine.kirchberger@wgint.com>, "Mr. CHARLES
TOBIAS" <CTobias@ect.enron.com>, "Mr. MATTHEW T. BROWN"
<matthew.brown@wgint.com>, "John Debruin" <John.Debruin@wgint.com>, "Cono
Petrizzo" <Cono.Petrizzo@wgint.com>, "Petrizzo Matthew"
<Matthew.Petrizzo@wgint.com>, "Michael Radovich"
<michael.radovich@wgint.com>, "Mr. Brad Radimer" <Bradford.Radimer@pseg.com>,
"Mr. N. Iwan Santoso" <nis@scr.siemens.com>, "Ilic Alex" <AIlic@pppl.gov>,
"Mr. MARKUS ETTER" <markus.etter@us.abb.com>, "LUANN ABSHER"
<luann.absher@cplc.com>, "Mr. DIRK ANDREAS" <d01and@nsp.com>, "Archer
Frederick G." <archerf@coned.com>, "Chris Arends" <aires117@aol.com>, "John
R. Baksa" <baksajr@selectenergy.COM>, "Barko Dave" <BarkoD@ConEd.com>, "Ms.
Sarah M. Barpoulis" <sbarpoul@usgen.com>, "Baudo Pietro"
<pietro.baudo@ustra.mail.abb.com>, "BILL BERDE" <Bill.Berde@xcelerate.com>,
"Berde Edward" <Edward@ibcsi.com>, "Bertuccio Mike" <mbertuccio@vector.net>,
"Bob & Linda; Kelly & Ryan Birmingham" <bobbirmingham@worldnet.att.net>,
"Sean M. Boyle" <Sean.Boyle@gen.pge.com>, "Mr. Ruben S. Brown"
<rsbrown@ecubedllc.com>, "Mr. L. K. BURNETTE" <lburnett@powerteam.peco.com>,
"Andy Cagnetta" <andy.cagnetta@wgint.com>, "Cassandro Robert"
<robertj@cassandro.com>, "Jack Coleman" <jcoleman@exeloncorp.com>, "Mr. JACK
CROWLEY" <jcrowley@pwrteam.peco.com>, "Mr. PETER E. SCHAUB"
<peschaub@pepco.com>, "Mr. DICK CUDD" <dbpro@mail.idt.net>, "Mr. Robert W.
Cummings" <Cummings@nerc.com>, "Mr. RALPH IZZO Ph. D." <Ralph.Izzo@pseg.com>,
"Mr. TONY D'AGOSTINO" <adagosti@aigtc.com>, "Mr. RAY DePILLO"
<RDePillo@pseg.com>, "Randall Dickinson" <randall.dickinson@wgint.com>,
"Dobrowolski Ed" <edobrowolski@kemaconsulting.com>, "Mr. Roger M. Dolan"
<rmdolan@papl.com>, "Donzila Walt" <donziw@selectenergy.com>, "Mr. BRENT W.
DORSEY" <bdorsey@entergy.com>, "Downes P.E. David V."
<dai@downesassociates.com>, "Mr. RICHARD DOUGLASS" <rdouglass@delmarva.com>,
"Dunn Gary A." <gdunn@ebenefitsgroup.com>, "Elfers Fred"
<pat.fred.elfers@worldnet.att.net>, "Engelbrecht William R."
<WEngelbrecht@sempra-res.com>, "Cliff Evans" <Cliff.Evans@Enron.com>, "Mr.
DUANE FARMER" <dfarmer@mail.pnm.com>, "Mr. RICHARD P. FELAK" <felak@pop.net>,
"Mr. TODD FILSINGER" <tfilsinger@rwbeck.com>, "Fox Kevin"
<kfox@utilicorp.com>, "Franz Gerhard A" <gerhard.a.franz@lmco.com>, "Ms.
ANDREA FRATE" <afrate@ect.enron.com>, "Michael S. Freeman"
<mfreeman@pwrteam.com>, "Mr. FRANK L. FRIGO" <ffrigo@npenergy.com>, "Mr.
STEVEN GILES" <Steve_Giles@prea.com>, "Giuliani Carmine"
<giulica@selectenergy.com>, "Glatter Gene" <genedglatter@worldnet.att.net>,
"Ms. LAURA GOLLUSCIO" <laura.golluscio@barneyny.com>, "Mr. Lessly A.
Goudarzi" <goudarzi@onlocationinc.com>, "Mr. MARC GRANET"
<mgranet@ix.netcom.com>, "Greenberg Peter." <peter.greenberg@gen.pge.com>,
"Mr. GARY GREINER" <gary.greiner@pseg.com>, "Grier P.E. Alexander \"Lex\""
<dai@downesassociates.com>, "Mr. THOMAS GUSSEN"
<tjgussen@metromediaenergy.com>, "Jorn Haahr" <JHaahr@npcc.org>, "Hall Jim"
<j.c.hall@worldnet.att.net>, "Kenneth Hancock" <Kenneth.Hancock@wgint.com>,
"Hart Virginia" <vhart@skippingstone.com>, "Mr. Dave Helming"
<David.Helming@pseg.com>, "Hebson Jr. James D." <james.hebson@pseg.com>,
"Scott Hempling" <hempling@ari.net>, "Mr. & Mrs. BETTY & JEFF HERBERT"
<H&HLAW@glasgow-ky.com>, "Mr. THOMAS HOATSON" <Tom.Hoatson@Enron.com>, "Mr.
MIKE HOUSLEY" <MHLegacy@aol.com>, "Ilic Alex" <AIlic@pppl.gov>, "Ms. SUE
IVEY" <sivey@pwrteam.com>, "Laura Johnson" <laura.johnson@indsys.ge.com>,
"Jurgen Kansog" <Jurgen.Kansog@wgint.com>, "Eileene E. Keating"
<eekeating@hotmail.com>, "Mr. Gary S. Keevill" <gkeevil@ect.enron.com>,
"Kilbourne Becky" <bakilbourne@calpx.com>, "Ms. Karen K. Kilcoyne"
<k.kilcoyne@ieee.org>, "Mr. KEN KINKELA" <kkinkela@dbintl.com>, "Kirchberger
PE Catherine" <catherine.kirchberger@wgint.com>, "Koch PE. Fred"
<fkoch@pseonline.com>, "Mr. MIKE KORMOS" <Kormosmj@pjm.com>, "Koza Frank J."
<fkoza@peco-energy.com>, "Mr. JATINDER \(JAY\) KUMAR" <etcinc@erols.com>,
"Mr. P. R. H. Landrieu" <Pete.Landrieu@pseg.com>, "Mr. KENNETH W. LAUGHLIN"
<laughlkw@pjm.com>, "Liberatore Joe" <Joseph.Liberatore@powersrc.com>, "Ms.
TAMARA LINDE" <Tamara.Linde@pseg.com>, "Lisanti Anthony"
<tlisanti@robisonoil.com>, "Mr. JOHN LITAK" <jmlitak@papl.com>, "Mr. JACK
MADDEN" <jackm@gdsassoc.com>, "Ms. LAURA MANZ" <Laura.Manz@pseg.com>, "Mr.
FRANK A. MARIAN" <fmarian@pseg.com>, "Marsilii Joe"
<jmarsilii@potomaccapital.com>, "Mr. MARTIN MATIJASICH"
<martin.matijasich@southernenergy.com>, "Mr. GEORGE McCLELLAN"
<gmcclel@ect.enron.com>, "Mckinley Bob" <mckinleybob@domres.com>, "MEEHAN
ARLEEN" <Arleen.Meehan@wgint.com>, "Midura Cynthia M." <cmidura@pseg.com>,
"GREG MILLER" <GMILLER@mail.pnm.com>, "Joe Montalbano"
<Joe.Montalbano@wgint.com>, "Moochalla Shabbir S."
<SMoochalla@laserdiode.com>, "Ms. Jane H. Moore" <moorejh@pjm.com>,
"Johnathan Morris" <jmorris@metromediaenergy.com>, "Laurence Morris"
<lsmorris@metromediaenergy.com>, "Mr. HARVEY N. MORRIS"
<hnmorris@metromediaenergy.com>, "Mr. GARY A. NACE" <boromgr@redrose.net>,
"Mr. PETER NANCE" <pnance@teknecon.com>, "Mr. TOM NESMITH"
<tnesmit@mail.pnm.com>, "Mr. OMER OATES" <jay.oates@southernenergy.com>,
"Olsson Robert H." <rob_olsson@spectramarketing.com>, "Mr. Carl Oman"
<CSOman@voicenet.com>, "Owens P.E. George E." <dai@downesassociates.com>,
"Palena Patricia" <patricia.d.palena@lmco.com>, "Dick Palmer"
<dickpathome@worldnet.att.net>, "Pfeiffer James" <Pfeifferjr@aol.com>, "Mr.
Daniel G. Pierpont" <dgp@gva.com>, "POTTER JIM" <Jpotter@PPLGLOBAL.com>, "Ms.
PATTY PROVANCE" <pprovan@alleghenypower.com>, "Reed Charles"
<ReedC@ConEd.com>, "Ms. KAREN REIF" <kreif@energisresources.com>, "Mr. ED
ROARTY" <Ed_Roarty@vapower.com>, "Mr. JOSEPH P. ROENBECK"
<jroenbec@pseg.com>, "Roman Richard" <rcr@dps.state.ny.us>, "Mr. N. Iwan
Santoso" <nis@scr.siemens.com>, "Ms. Rosemary Schamp"
<rosemary.schamp@conectiv.com>, "Mr. RICH SCHNEIDER"
<Richard.Schneider@pseg.com>, "Scobell Daniel" <michael.scobell@gen.pge.com>,
"Scobell P.E. Michael" <mscobell@usgen.com>, "Mr. Roy J. Shanker"
<ROYJSHANKER@worldnet.att.net>, "Vladimir Shulyaker"
<vladimir.shulyaker@ustra.mail.abb.com>, "Mr. RICK SHUMARD"
<rshumard@epri.com>, "Mr. DENNIS SOBIESKI" <dennis.sobieski@pseg.com>, "Mr.
GARY SORENSON" <gsorenso@pseg.com>, "Mr. SCOTT SPIEWAK"
<sspiewak@metromediaenergy.com>, "Steven D. Spotts" <spotts@ix.netcom.com>,
"Sterba Jeff" <STERBAJ@USEC.com>, "Tahir Tayeb" <tayebt@calpine.com>, "Mr. ED
TATUM" <etatum@odec.com>, "Mr. STEVE TEITELMAN" <steitelm@pseg.com>, "Mr. Jim
Tine" <tinejg@selectenergy.com>, "Mr. CHARLES TOBIAS"
<CTobias@ect.enron.com>, "Ms. Pat Toner" <Patricia.Toner@cigna.com>, "Mr.
Robert Topolski" <JRTopol597@aol.com>, "PILAR & PETE TORRES"
<petert2@postoffice.ptd.net>, "Mr. BOB TURNER"
<bob.turner@southernenergy.com>, "Mr. BOB VINEGRA" <rvinegra@pseg.com>,
"Viola Bill" <bviola@ect.enron.com>, "Ms. Mack Wathen"
<mwathen@delmarva.com>, "Mr. LARRY WATSON" <lwatson@npenergy.com>, "Weigand
Peter" <pweigand@skippingstone.com>, "Wemple Stephen"
<WempleS@conedenergy.com>, "Wing Melanie" <mwing@peco-energy.com>, "STEVE
WOFFORD" <steven.m.wofford@bge.com>, "Mr. DAVID YANNARELL"
<dayannarell@papl.com>, "Mr. ROBERT YELLON" <Robert_Yellon@powersrc.com>,
"Zislin Alex" <a.zislin@ieee.org>
cc:
Subject: Press Release - Final Approved Series A release

FYI; Please see the attachment;
(A group of us started SmartEnergy in the summer of '99; Take a look at us
at www.SmartEnergy.com)
We are also featured at Yahoo -- local-shopping, and at www.essential.com;
we are "live in New York" with close to 10K customers; soon to be in PA and
NJ. National deployment before next summer)

Would like to hear from you; E-mail me a note;
Tony
____________________________________
M. Anthony Lopez-Lopez
Chief Energy Operations Officer
300 Unicorn Park Drive
2nd Floor
Woburn, MA  01801
Office:  781-460-2804
Mobile:  203-223-3306
Fax:  781-460-2900
Tony.Lopez-Lopez@smartenergy.com
http://www.SmartEnergy.com
____________________________________

 - SESeriesArelease.doc


Please note, David Minns, Senior Legal Counsel, Enron Australia Pty Ltd,
Sydney, will be on annual leave from 30 November to 29 December 2000.

If you have any queries or problems please address them to Robert McGrory,
Manager Regulatory & Legal Services or Alison Keogh, Legal Assistant.

Regards,

David Minns


You lost me.  We talked to Jake about it, and the two issues were GE consent
and accounting treatment.  At least that's how I remember it.

Kay

From: Carlos Sole on 03/16/2001 01:21 PM
To: kay.mann@enron.com
cc:

Subject: Re: ENA/Hanover Compressor Company: Letter Agreement and LLC
Agreemen t

I thought that we had this conversation yesterday on the reason for the
structure?


Brazil Scrambles for More Energy
The New York Times, 04/06/2001
World Watch
The Wall Street Journal, 04/06/2001

Dabhol notice: Govt has till Monday to respond
Business Standard, 04/06/2001
Houston-Based Energy Company's Broadband Division Pares 250 from Work Force
KRTBN Knight-Ridder Tribune, 04/06/2001
Chelmsford, Mass., Telecom Network Company Cuts Staff, Earnings Forecast
KRTBN Knight-Ridder Tribune, 04/06/2001
UK: Auto-sector unlikely to boost 2001 metal demand.
Reuters English News Service, 04/06/2001

Business/Financial Desk; Section W
Brazil Scrambles for More Energy
By JENNIFER L. RICH

04/06/2001
The New York Times
Page 1, Column 3
c. 2001 New York Times Company

SAO PAULO, Brazil, April 5 -- Though nightly newscasts show cars floating
down flood-prone streets here, residents are hoping for more rain -- at least
20 percent more than normal for this time of year, to be precise.
That is how much the operators of Brazil's electricity grid say needs to fall
to ensure that hydroelectric plants will continue to run at full capacity,
averting the need for energy rationing, like the recent rolling blackouts in
California, in at least part of Brazil later in the year.
Here, as elsewhere across the globe, the struggle to deregulate has been
coupled with soaring demand for power. As the Brazilian government seeks
other energy sources, formulates a rationing plan and encourages consumers to
voluntarily cut back energy use, companies --especially those in power-hungry
industries -- are scrambling for ways to make sure their electricity needs
will be met. And independent local and foreign power developers, like
EnergyWorks, based in Landover, Md., are hoping to be of service, offering to
construct minipower plants on the companies' premises.
''A lot of companies have been calling us in the last two weeks to see if it
is possible to invest in this type of project,'' said Nelson Cardoso de
Oliveira, business development manager for EnergyWorks, a unit of the
electric utility Iberdrola S.A. of Spain.
For the last few years, experts have warned of an impending energy crisis in
Brazil, as increasing industrialization has caused the demand for energy to
outpace supply by about 20 percent. The government's three-year-old effort to
attract more investors through the privatization of most of the country's
power grid has had a slow start. Local companies have been hindered by a lack
of financing. And uncertainties in the newly deregulated power market over
such things as the pricing of electricity have stymied grid-expansion plans
by the private enterprises, including Enron, that bought up the former
state-owned companies.
Even the completion last year of a natural gas pipeline from Bolivia has been
slow to stimulate investments in thermoelectric power, a move that was meant
to reduce the country's near-total dependence on hydroelectric power. Only 15
of the 49 thermoelectric plants that the government focused on almost two
years ago in its emergency power plan seem close to coming on line, in the
next year or so.
With rainfall missing major reservoirs and a shortage of transmission lines
preventing excess power that does exist from moving among regions, the
government says that the power situation in Brazil will be touch-and-go at
least until 2003.
So some of the country's biggest power-intensive companies are taking matters
into their own hands, hoping to ensure a constant power supply with their own
natural-gas-fired generators. Among those that have recently done so are Cia.
Siderurgica Nacional, a steel maker, and Globo Comunicacoes e Participacoes,
parent of the Rio de Janeiro daily newspaper O Globo. So have two rival
breweries: Cia. Cervejarias Kaiser, owned by the Coca-Cola Company, its
Brazilian bottlers and Heineken; and the maker of Brahma beer, Cia. de
Bebidas das Americas, known as AmBev. Plants are planned for the Brazilian
units of the American-based multinationals Corn Products International and
International Paper.
Rudi Anvari, director of Engineering and Technology at Corn Products Brazil,
said the company's decision was based on the ''need to count on a reliable
and flexible source of energy.''
In a study of power use in the state of Sao Paulo, the state's secretary of
energy found that companies produced 14 percent of the energy they consumed
in 2000, up from 5 percent in 1994.
In some cases, the excess power from these company plants can be sold to the
national grid. Jayme de Hollanda, general director of the National Institute
for Energy Efficiency, a nonprofit advocacy group, said that this so-called
cogenerated power should account for about 15 percent of the country's
electricity supply by 2010.
''The volumes that we are dealing with don't provide a complete solution for
the country, but they can certainly resolve localized problems,'' said Ivan
Marimon, the sales manager at Guascor do Brasil, a joint venture controlled
by Grupo Guascor of Spain, which builds small-scale power plants for
hospitals.
Companies said that part of the appeal of small power projects was that they
required less time to build than a public power project -- sometimes as
little as six months. And the cost, at about $6 million for a small
5-megawatt plant, could be just as cost effective for some companies as
buying electricity from the national grid, especially since electricity
prices were expected to increase significantly in the next several years.
Some private power concerns, including EnergyWorks, even finance the projects
outright. But for a project to be viable for financiers and builders,
companies need to agree to buy the electricity for 15 to 20 years. That is a
daunting proposition for Brazilians, who have been made shy of long-term
commitments by years of economic turmoil. Part of the doubt has been caused
by exchange rate worries. Unlike natural gas prices, which are charged in
dollars, electricity prices are fixed by the government in local currency.
Indeed, private power plants are clearly not for everyone.
''For most companies,'' said Pio Gavazzi, director of infrastructure at the
Federation of Industries of the State of Sao Paulo, a trade group, a solution
''could just be a matter of renegotiating existing electricity contracts or
installing more energy efficient parts in the factory.''

Photo: Brazilian companies and some overseas concerns are searching for more
energy sources to make sure their electricity needs will be met. This
EnergyWorks power plant was built for the Kaiser brewery in Pacatuba.
(EnergyWorks do Brazil Ltd.)
copyright , 2000 Dow Jones & Company, Inc. All Rights Reserved.
International
World Watch
Compiled by David I. Oyama

04/06/2001
The Wall Street Journal
A11
(Copyright (c) 2001, Dow Jones & Company, Inc.)

ASIA/PACIFIC
China Cracks Down
On Foreign Investors
In Cable Networks
China's telecommunications regulator threatened to seize assets in a move to
reinforce a ban on foreign investment in domestic telecommunications
networks. The move, announced on the Ministry of Information Industry's Web
site, follows widespread links between local cable-television operators and
companies seeking to use those networks to offer lucrative services such as
high-speed Internet access. A crackdown on the practice could threaten the
business operations of some Hong Kong-listed companies that have invested in
China's cable networks, usually with the tacit approval of local governments.
The ministry's notice said foreign companies, including Hong Kong and Macau
concerns, can't invest in telecom networks before China's expected entry into
the World Trade Organization. The notice requires foreign investors in
telecom networks to report to the ministry and "voluntarily rectify" the
investments. Local governments and companies that own fiber-optic networks
are also required to report their holdings within 30 days.
The notice exempts companies with a basic license for telecommunications
services, including state-controlled China Telecommunications, China Mobile
Communications and China Unicom.
UPS to Open Asian Hub in Philippines
United Parcel Service said it plans to open a hub in the Philippines to
handle deliveries within Asia. The Atlanta-based company said it hasn't
decided how large the facility will be, but "some limited operations" are
expected to begin by year's end. The hub is likely to be located at Clark
International Airport, a former U.S. Air Force base. UPS said the facility
should improve delivery times in the region because jet freighters from there
can reach all major Asian cities in fewer than four hours. It plans to keep
its existing cargo hub at Taipei's airport in Taiwan for trans-Pacific
operations. UPS, which began direct flights between the U.S. and China on
Sunday, can't fly between Taiwan and China because of the political stalemate
between Beijing and Taipei.
Indonesian Sports-Shoe Exports Decline
Indonesia's sports-shoe exports to the U.S. have fallen by 10% since December
because of the U.S. economic slowdown, putting thousands of people out of
work as companies such as Nike, Reebok and Adidas cut production orders, a
local industry-group official said. More than 300,000 Indonesians are
employed in sports-shoe factories, and exports last year totaled $2 billion.
Companies have also cut orders because of fears that Indonesia's political
instability could disrupt output, he said.
BRIEFLY:
-- Honda Motor plans to begin producing motorcycles in Asia outside Japan
within two years for sale in Japan, its president said. He said lower labor
costs would allow Honda to aim at reducing domestic prices of its
50-cc-engine bike to less than 100,000 yen ($800), from 140,000-150,000 yen
now.
-- Dabhol Power, an Indian unit of U.S. power company Enron, issued a notice
of arbitration to India's government to try to recover, at the Court of
Arbitration in London, 1.02 billion rupees ($21.9 million) it says it is owed
for supplying power to the Maharashtra State Electricity Board.
-- Indian investigators have concluded that the crash of a jet operated by
Alliance Air, a unit of state-run Indian Airlines, that killed 61 people last
July was the fault of the pilots of the Boeing 737-200 aircraft in making
their approach to Patna airport.
Taiwan's president, Chen Shui-bian, and the Dalai Lama, the exiled Tibetan
spiritual leader, met in Taipei, in a session that marked their common
interests and mutual differences with China's government.
---
EUROPE
France Telecom's Access Offer Rejected
France's telecommunications regulator said it again rejected France Telecom's
offer for the unbundling of the country's so-called local loop, and has
ordered the company to submit a new proposal by Thursday. Implementation of
the local-loop unbundling, which came into force Jan. 1, has been delayed
because of high prices set by France Telecom for access to local exchanges by
rival telecommunications operators. The regulator said some of the fees
announced by France Telecom remain too high and need to be reduced further.
Rival operators have complained repeatedly that the former French telephone
monopoly is erecting barriers that prevent them from access to the local
loop.
EU Vote Backs Livestock Vaccinations
The European Parliament voted overwhelmingly to ask European Union countries
to consider introducing wider vaccination programs to stem the spread of
foot-and-mouth disease. Although not binding, the vote will add to pressure
on EU members that have resisted calls for all but very limited immunization
programs against the virus, which sickens cloven-hoof animals. Opposition to
vaccinations has centered on potential trade losses. EU countries, notably
Britain, where more than 1,000 farms have been infected in six weeks, have
largely stuck to a policy of restricting livestock movements and killing
animals at risk of spreading the virus.
RWE Drops Bid for Spain's Cantabrico
German utility conglomerate RWE pulled out of the bidding for Spain's
Hidroelectrica del Cantabrico, paving the way for a negotiated end to the
yearlong takeover battle for the smallest of Spain's four power companies. A
joint bid of 27.30 euros ($24.61) a share from Ferroatlantica, a unit of
Spain's Villar Mir group, and German utility Energie Baden-Wuerttemberg had
trumped RWE's bid of 26 euros a share. RWE withdrew from the bidding war
after Cantabrico's board yesterday approved the Ferroatlantica offer. That
leaves just Electricidade de Portugal, the 30% state-controlled utility, in
the running for Cantabrico. EdP holds 35% of Cantabrico, which will force
Ferroatlantica to negotiate for control.
BRIEFLY:
-- L'Oreal's chairman said he is confident the French cosmetics maker can
maintain sales growth this year, after the company reported first-quarter
sales rose 12.7% from a year earlier to 3.4 billion euros ($3.07 billion).
"My confidence goes beyond the current year," he told analysts.
-- Swiss-Swedish engineering and technology company ABB plans to list its
American depositary shares on the New York Stock Exchange today, despite the
volatile market and a sharp decline in its stock price earlier this week in
Swiss trading.
-- Kenya's respected central-bank governor, Micah Cheserem, was abruptly
dismissed this week by President Daniel arap Moi, in a move that could
cripple the country's ailing economic-reform program. He was replaced by
Nahashon Ngigi Nyagah.
---
THE AMERICAS
Some Canadian Cigarette Taxes Raised
Canada's federal government said it is immediately raising the taxes on
cigarettes by four Canadian dollars (US$2.54) a carton in the provinces of
New Brunswick, Nova Scotia, Prince Edward Island, Quebec and Ontario, where
cigarette taxes were lowered a few years ago. The government is also
increasing the federal excise tax on each carton of cigarettes across Canada
by C$1, and will allocate an additional C$480 million over five years to its
antismoking campaign. Canada lowered cigarette taxes across eastern Canada
sharply a few years ago after widespread smuggling from the U.S., where
cigarettes were much cheaper. The initiatives are aimed at discouraging
smoking among youths, government officials said.
Brazil Posts Unexpected Rise in Output
Brazil's industrial production in February rose by a surprising 1.5% from a
year earlier, even though the month had three fewer working days than in 2000
because the nationwide Carnival festivities fell in February this year
instead of March. Output also rose 0.8% from January, boosted in part by an
8.7% rise in production of capital goods, the government said.
Canada Propane Merger to Be Reviewed
Canada's Federal Court of Appeal ordered the country's Competition Tribunal
to reconsider the proposed merger of propane distributors Superior Propane
and ICG Propane, Superior said. The tribunal ruled last August that the
merger could proceed, but Canada's Competition Bureau appealed the decision.
Court Rules Chavez Term Extends to 2007
Venezuela's Supreme Court ruled that President Hugo Chavez should stay in
power until January 2007, a decision that effectively allows Mr. Chavez to
extend what began as a five-year term to eight years, local media reported.
The court ruled that under a new constitution, "a transition period" and
fresh elections last July, which Mr. Chavez won handily, he didn't officially
begin his current term until January 2001. Supreme Court officials weren't
available to comment. Mr. Chavez could conceivably remain in power until 2013
because the new constitution allows for re-election to a new term. The ruling
is likely to spur Mr. Chavez's critics, who say he is trying to impose
authoritarian rule.
BRIEFLY:
-- Ecuador's government asked the International Monetary Fund to extend the
expiration of its $304 million standby-credit agreement to June 30 from April
18.
-- Free-market reform has brought prosperity to Brazil but hasn't narrowed
the gap between rich and poor. According to a report by Brazil's national
statistics institute, average per-capita income rose 30% between 1992 and
1999 to 525 reals ($245) a month. But the average income of the richest 10%
of all Brazilians remained 19 times greater than that of the poorest 40%.

Dabhol notice: Govt has till Monday to respond
Santosh Tiwary NEW DELHI

04/06/2001
Business Standard
2
Copyright (c) Business Standard

With little time left to respond to the arbitration notice served on it by
the Dabhol Power Company, the Union finance ministry has asked the law
ministry and the Maharashtra government to advise the Centre on the
counter-moves to be made.
The Enron-promoted company had issued a notice of conciliation and
arbitration for the non-payment of the December bill of MSEB of Rs 102 crore,
which had the state government as well as the Centre's counter-guarantee.
DPC has informed the Centre that it has to respond by 3.00 pm on Monday.
Maharashtra government sources said, "Thursday and Friday are holidays on
account of Moharrum and Mahavir Jayanti respectively. We will be able to work
on the notice only on Saturday. The Centre too will be able to take action
only on Monday as Saturday and Sunday are holidays."
Finance ministry sources said that the law ministry had earlier informed the
government that there was a case for Maharashtra seeking adjustment of
"availability penalty" from DPC against the outstanding bills and the Centre
was expected to fight it out in the international court of arbitration. They
further said that the Centre will respond to the notice well in time.
Sources also said that the Centre was contemplating the options through which
a long-term solution to the payment wrangle could be achieved.
The finance ministry was also firming up on its suggestion of the
possibilities of a re-negotiation of the counter-guarantee for a discussion
in the Cabinet, they pointed out. The Centre had made it clear earlier that
it was interested in finding a long-term solution to the problem by not
paying the December bill for which the GoI counter-guarantee was invoked by
the DPC, till the penalty issue taken up by the MSEB was settled.

Houston-Based Energy Company's Broadband Division Pares 250 from Work Force
Tom Fowler

04/06/2001
KRTBN Knight-Ridder Tribune Business News: Houston Chronicle - Texas
Copyright (C) 2001 KRTBN Knight Ridder Tribune Business News; Source: World
Reporter (TM)

Enron Broadband Services has eliminated up to 250 positions in recent weeks,
a reflection of changes in the high-tech market and a consolidation of
operations in the company.
Many of the employees have found work elsewhere with parent company Enron
Corp., said Chief Executive Officer Ken Rice, but the move brings the number
of Enron Broadband employees from as many as 1,200 in recent months to about
900.
Many of the job cuts came when Enron Broadband, a division of energy giant
Enron Corp., finished building out the 18,000-mile fiber optic network that
it uses to buy and sell Internet bandwidth, Rice said.
"We had a number of people working on that, but now that it's in place we
needed to redeploy them elsewhere," Rice said.
Consolidating operations from outlying Enron Broadband offices, such as
Portland, Ore., to Houston, also accounts for some of the lost positions, as
well as slowing demand for a PC-based streaming media product the company
developed, Rice said.
It's not unusual for Enron to move several hundred employees to different
locations and divisions around the country every year to account for changes
in the market, Rice said. The company employs about 15,000 people.
"It's just a part of the way we do business," he said.
Enron Broadband is still growing and has posted more than a dozen new
broadband-related jobs on its Web site since March 20.
Enron officials have shied away from calling the eliminated jobs "layoffs."
When word of the job cuts first surfaced at the end of March, a company
spokesman used the term "redeployed" to describe the action.
Many employees were offered the opportunity to find other jobs in Enron, but
those who did not find new jobs or accept other positions in the company had
few other options than leaving. That saved the company from actually firing
workers, which could have required it to report the actions to the Texas
Workforce Commission.
Enron Broadband Services has attracted a lot of attention in the past year
for pioneering a previously unheard of notion -- treating access to the
biggest Internet data lines as a fluid commodity that could be bought and
sold.
The group was created following Enron's 1997 acquisition of Portland General
Electric, a small Oregon utility company that was also in the process of
building its own fiber optic network. Enron used that as a starting point to
build its network, which now has access to dozens of other global networks.
The company buys time and access to those networks and sells it to end-users
who want to send large amounts of data over the Internet for things such as
broadcasts of concerts and meetings or more mundane tasks like exchanging
business data between two different offices of a company.
The company uses "pooling points," about 25 data switching hubs it owns
around the world, to open and close connections with other networks around
the world to effect those trades.
The company is also building a platform to deliver broadband content to homes
and businesses, such as movies and games.
The cornerstone of that content was originally a 20-year contract with
Blockbuster Video that would have combined that company's movie industry
clout with Enron's technology to bring video-on-demand to homes. Enron
canceled that deal in March, however, when Blockbuster couldn't deliver the
quantity or quality of movies Enron wanted, Rice said.
"We're working directly with the studios, broadcasters and other producers to
get content for that ourselves," Rice said.
The company announced a deal with a gaming firm to let customers order and
play a variety of video games through the Web shortly after the Blockbuster
deal fell through, but Wall Street quickly punished Enron's stock for the
news.
Combined with word of the job shuffling on March 21, the company's stock
dropped more than 8 percent in a single day and has continued to sag.
Since early March the stock lost more than 31 percent of its value, going
from about $74 to as low as $51, but closed up $1.98 on Thursday at $55.70.
Carol Coale, a senior analyst with Prudential Securities, said the market
already made adjustments for the reshuffling of jobs at EBS and reacted to
the dropping price of bandwidth.
"The balance of the drop has been in reaction to the premium multiple they
were getting for their technology in general," Coale said. "What would make
the stock go back up is if technology as a whole goes back up."

Chelmsford, Mass., Telecom Network Company Cuts Staff, Earnings Forecast
Peter J. Howe

04/06/2001
KRTBN Knight-Ridder Tribune Business News: The Boston Globe - Massachusetts
Copyright (C) 2001 KRTBN Knight Ridder Tribune Business News; Source: World
Reporter (TM)

Sycamore Networks, the Chelmsford optical networking company that once
dreamed of rivaling Lucent Technologies and Nortel Networks, yesterday said
it will lay off 140 workers. It also slashed its earnings forecasts.
Facing the same imploding market for telecommunications gear that has
battered Lucent, Nortel, and companies across the telecom industry, Sycamore
said its revenue for the quarter ending April 28 is likely to come in at a
stunning $100 million below analyst forecasts, or $50 million to $60 million.
That is only one-third of the last quarter's sales.
Instead of earning 5 cents a share as it did last quarter, Sycamore forecast
a loss of 16 to 19 cents per share, heavily driven by up to $150 million in
one-time charges for firing workers, writing off inventory, and other
expenses.
"This [13 percent] reduction in staff is a difficult step to take, but we
believe it is a necessary one," Sycamore president Daniel E. Smith said in an
analysts' conference call last evening. Sycamore said the layoffs will occur
over the next three weeks and would not comment on severance packages.
Sycamore cited the same set of factors that have led Wall Street to punish
telecom stocks it adored just a year ago: Carriers are abruptly slowing down
or abandoning spending on network upgrades as they struggle to make profits
on their huge investments so far and try to determine how bad and how long
the U.S. economic slowdown will be. Sycamore also said it has faced problems
from an unnamed supplier in getting enough components to ship expected
volumes of its high-end SN 16000 optical switching device this quarter, but
hopes to have it worked out by May or June.
Sycamore chief financial officer Frances M. Jewels said the company will not
generate net cash from operations "for the next several quarters," but is in
a fair position to ride out the slowdown.
Sycamore last month reported just under $975 million in cash and short-term
securities, plus another $400 million in long-term liquid assets. That should
be ample to cover its typical payroll, research, and operating expenses of
about $20 million a month.
Jewels and Smith said that despite the collapse in revenue, the company does
not want to cut back so deeply on research and sales that it will hurt its
chances of resuming sales growth. "The question is when, not if, service
providers will return to investing in their infrastructure," Smith said.
Sycamore recently bought a roughly 100-acre parcel of land in Tyngsborough
where it plans to build a new campus consolidating its far-flung Chelmsford
offices. "Those plans are still proceeding, albeit at a much more modest
pace," Sycamore spokesman Richard Williams said last night.
Sycamore would not say which customers have cut back or dropped spending
plans, but noted that it is well known Williams Communications accounts for
more than half of its revenue and that Williams has said it will slow down
capital expenditures.
Sycamore said it recently turned down a sale to a customer who was demanding
"vendor financing," or buying gear on credit. It said two customers with
which it had made such deals had drawn down only $50 million of $200 million
in authorized credit.
Many analysts have said Sycamore sorely needs to branch out from its customer
base of about a dozen emerging carriers like Williams, 360 Networks, and
Enron Broadband to land a marquee name like AT&T, SBC, or Verizon.
Smith said Sycamore is getting "positive feedback" from trials at big-name
U.S. and foreign carriers of that ilk, but gave no indication any sales deals
are imminent.
Sycamore shares, which have collapsed from highs of more than $190 last year,
had risen $1.41 to $9.06 in Nasdaq Stock Market action before trading was
stopped before the news announcement.

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

UK: Auto-sector unlikely to boost 2001 metal demand.

04/06/2001
Reuters English News Service
(C) Reuters Limited 2001.

LONDON, April 6 (Reuters) - Transport sector end-use is unlikely to provide a
substantial boost to base metal demand in the coming year, UBS Warburg/Enron
Metals said in their LME weekly metal report on Friday.
Depending on the metal, end-use by the transport sector makes up a large
proportion of overall demand for most of the base metals complex. Only in tin
does it appear to be less than ten percent of total demand, it said.
"The bulk of the transport demand is from the motor vehicles industry," UBS
Warburg economist, Warren Oliver said in the report.
Aluminium is also used in the aerospace sector while nickel is utilised in a
wide range of transport applications, the report added.
North America, Japan and Western Europe account for around 70 percent of
world auto production, although developing economies are begining to play an
important role.
USB Warburg auto equity research team estimates show despite five percent
increases in global auto production for 1999 and 2000, reaching 57.29 million
units last year, production is likely to stagnate or even decrease in 2001.
"UBS Warburg forecasts 2001 global production of 57.06 million units, a
decline of 0.4 percent from 2000."
Wide variations in regional production for 2001 are expected, the report
said.
"Of the large OECD producers, the U.S. is likely to show a substantial
decline, Japan a small decline and Western Europe a small increase," it said.
U.S. production, which was above the long term trend, is expected to fall
backwards, because of production cut backs by the 'Big Three' carmakers.
"While other producers in North America are increasing production, seemingly
confident in winning market share, this is swamped by cutbacks by GM , Ford ,
and Chrysler DE)," the report said.
Elsewhere, Japanese output has been decreasing during the 1990s. Annual
average output will show little change in 2001 and stay close to the trend
line over the past two decades.
In western Europe, production levels are above trend estimates and USB
Warburg predicts production in this area is likely to grow enough to remain
so.
U.S CAR SALES HOLDING UP, GERMANY FALLING
Car sales in the U.S have been strong so far this year despite overall
weakness of the American economy, the report said.
Preliminary estimates show March sales of just over 17 million units, above
the typical range of Wall Street estimates of 16.3-16.9 million.
"Indeed, in each of the three months of the first quarter, U.S sales have
surpassed consensus estimates."
"While we expect a deterioration of sales performance in coming months. it is
true that car sales have held up better than expected."
But car sales for the first two months of the year in Germany, which accounts
for around a quarter of the European market, are down five percent
year-on-year.
The rebound in German unemployment is one sign that consumer spending could
disappoint in coming months and autos could be particularly at risk.
Declining demand from the auto sector poses a clear risk, it added.
So although car sales have been better than expected in such markets as the
U.S, there is still concern the transport sector may not substantially boost
base metal demand over the coming year.
Copyright , 2000 Dow Jones & Company, Inc. All Rights Reserved.


We will be there.

 -----Original Message-----
From: 	Harris, Steven
Sent:	Wednesday, March 20, 2002 2:30 PM
To:	Howard, Kevin A.; Donoho, Lindy; Thames, Davis
Cc:	Robertson, Audrey
Subject:	RE: TW forecast

How about tomorrow morning at 9am in my office (3902)?

 -----Original Message-----
From: 	Howard, Kevin A.
Sent:	Wednesday, March 20, 2002 2:26 PM
To:	Harris, Steven; Donoho, Lindy; Thames, Davis
Subject:	TW forecast

Steve:
I think it makes sense to get together either later today or tomorrow morning to go over the forecast.  Given that Tracy is out, I don't want anything to slip through the cracks.  Except for a 3-4 meeting, I am free after that.


Jeff,

Great to see Enron and you doing so well.  Congratulations on the -belated-
CEO ship, the blowout first quarter,
and the recent piece in Bloomberg.

Since we last met Luminant has done a important and impactful work for Enron
(EES, Enron Networks, Global
Sourcing, Broadband among others).  The Oasis and the Websource Intranet
sites are examples of the results of
this work.  Phillippe recently selected Luminant as one five integrators
that Enron will use going forward.

David Quackenbush, Luminants COO, has been personally involved in leading
the work at Enron.  He and
Jim Corey Luminant's CEO would like to have the opportunity of meeting with
you, bringing you up to date
on the work, and inviting you to consider joining the Luminant board.

I am no longer affiliated with Luminant but David asked me to let you know
of their interest.  He will be
following up and seeing if there will be an opportunity for you to meet with
them.

Regards,

Gil Marmol


meet you at the elevator

 -----Original Message-----
From: 	Maggi, Mike
Sent:	Tuesday, January 22, 2002 1:34 PM
To:	Rybarski, Amanda
Subject:	RE:

yep

 -----Original Message-----
From: 	Rybarski, Amanda
Sent:	Tuesday, January 22, 2002 1:33 PM
To:	Maggi, Mike
Subject:	RE:

you need company?

 -----Original Message-----
From: 	Maggi, Mike
Sent:	Tuesday, January 22, 2002 1:33 PM
To:	Rybarski, Amanda
Subject:	RE:

its working, im going to go smoke

 -----Original Message-----
From: 	Rybarski, Amanda
Sent:	Tuesday, January 22, 2002 1:32 PM
To:	Maggi, Mike
Subject:	RE:

That was my plan!

 -----Original Message-----
From: 	Maggi, Mike
Sent:	Tuesday, January 22, 2002 1:32 PM
To:	Rybarski, Amanda
Subject:	RE:

youre killing me

 -----Original Message-----
From: 	Rybarski, Amanda
Sent:	Tuesday, January 22, 2002 1:32 PM
To:	Maggi, Mike
Subject:	RE:

deal

 -----Original Message-----
From: 	Maggi, Mike
Sent:	Tuesday, January 22, 2002 1:31 PM
To:	Rybarski, Amanda
Subject:	RE:

youll have to show me

 -----Original Message-----
From: 	Rybarski, Amanda
Sent:	Tuesday, January 22, 2002 1:30 PM
To:	Maggi, Mike
Subject:	RE:

I know a few ways!

 -----Original Message-----
From: 	Maggi, Mike
Sent:	Tuesday, January 22, 2002 1:30 PM
To:	Rybarski, Amanda
Subject:	RE:

we can still find a way to have fun

 -----Original Message-----
From: 	Rybarski, Amanda
Sent:	Tuesday, January 22, 2002 1:30 PM
To:	Maggi, Mike
Subject:	RE:

you don't know how much I miss it!

 -----Original Message-----
From: 	Maggi, Mike
Sent:	Tuesday, January 22, 2002 1:29 PM
To:	Rybarski, Amanda
Subject:	RE:

too bad no drinking

 -----Original Message-----
From: 	Rybarski, Amanda
Sent:	Tuesday, January 22, 2002 1:28 PM
To:	Maggi, Mike
Subject:	RE:

we'll see about that

 -----Original Message-----
From: 	Maggi, Mike
Sent:	Tuesday, January 22, 2002 1:27 PM
To:	Rybarski, Amanda
Subject:	RE:

not as much as me

 -----Original Message-----
From: 	Rybarski, Amanda
Sent:	Tuesday, January 22, 2002 1:27 PM
To:	Maggi, Mike
Subject:	RE:

ooohhh, I'm excited!

 -----Original Message-----
From: 	Maggi, Mike
Sent:	Tuesday, January 22, 2002 1:27 PM
To:	Rybarski, Amanda
Subject:	RE:

youll see

 -----Original Message-----
From: 	Rybarski, Amanda
Sent:	Tuesday, January 22, 2002 1:27 PM
To:	Maggi, Mike
Subject:	RE:

so where are we going to go?

 -----Original Message-----
From: 	Maggi, Mike
Sent:	Tuesday, January 22, 2002 1:26 PM
To:	Rybarski, Amanda
Subject:	RE:

ok me too

 -----Original Message-----
From: 	Rybarski, Amanda
Sent:	Tuesday, January 22, 2002 1:26 PM
To:	Maggi, Mike
Subject:	RE:

I'm not too sure yet...I'm going to try to leave around 3 or 3:30

 -----Original Message-----
From: 	Maggi, Mike
Sent:	Tuesday, January 22, 2002 1:25 PM
To:	Rybarski, Amanda
Subject:	RE:

i dont know what time are you

 -----Original Message-----
From: 	Rybarski, Amanda
Sent:	Tuesday, January 22, 2002 1:23 PM
To:	Maggi, Mike
Subject:	RE:

What time are you leaving today?

 -----Original Message-----
From: 	Maggi, Mike
Sent:	Tuesday, January 22, 2002 1:23 PM
To:	Rybarski, Amanda
Subject:	RE:

so lets go

 -----Original Message-----
From: 	Rybarski, Amanda
Sent:	Tuesday, January 22, 2002 1:18 PM
To:	Maggi, Mike
Subject:	RE:

Yes! Believe me, I can't wait!

 -----Original Message-----
From: 	Maggi, Mike
Sent:	Tuesday, January 22, 2002 11:46 AM
To:	Rybarski, Amanda
Subject:	RE:

early this week i hope

 -----Original Message-----
From: 	Rybarski, Amanda
Sent:	Tuesday, January 22, 2002 10:30 AM
To:	Maggi, Mike
Subject:	RE:

okay, I will...this week!

 -----Original Message-----
From: 	Maggi, Mike
Sent:	Tuesday, January 22, 2002 10:29 AM
To:	Rybarski, Amanda
Subject:	RE:

prove it

 -----Original Message-----
From: 	Rybarski, Amanda
Sent:	Tuesday, January 22, 2002 10:28 AM
To:	Maggi, Mike
Subject:	RE:

you are the big cheese to me baby!

 -----Original Message-----
From: 	Maggi, Mike
Sent:	Tuesday, January 22, 2002 10:27 AM
To:	Rybarski, Amanda
Subject:	RE:

i dont really know what he is going to do, i thought i was always the big cheese

 -----Original Message-----
From: 	Rybarski, Amanda
Sent:	Tuesday, January 22, 2002 10:26 AM
To:	Maggi, Mike
Subject:	RE:

REALLY, where is he going? Are you going to be the big cheese now?

 -----Original Message-----
From: 	Maggi, Mike
Sent:	Tuesday, January 22, 2002 10:25 AM
To:	Rybarski, Amanda
Subject:	RE:

i am staying also but john is not

 -----Original Message-----
From: 	Rybarski, Amanda
Sent:	Tuesday, January 22, 2002 10:25 AM
To:	Maggi, Mike
Subject:	RE:

no he's staying...what about you?

 -----Original Message-----
From: 	Maggi, Mike
Sent:	Tuesday, January 22, 2002 10:24 AM
To:	Rybarski, Amanda
Subject:	RE:

me too, is chris leaving

 -----Original Message-----
From: 	Rybarski, Amanda
Sent:	Tuesday, January 22, 2002 10:24 AM
To:	Maggi, Mike
Subject:	RE:

I wish...that would be my dream job!

 -----Original Message-----
From: 	Maggi, Mike
Sent:	Tuesday, January 22, 2002 10:23 AM
To:	Rybarski, Amanda
Subject:	RE:

really, so who then, me?

 -----Original Message-----
From: 	Rybarski, Amanda
Sent:	Tuesday, January 22, 2002 10:23 AM
To:	Maggi, Mike
Subject:	RE:

yeah, but I don't know for who...I don't think I will be working for Chris.

 -----Original Message-----
From: 	Maggi, Mike
Sent:	Tuesday, January 22, 2002 10:22 AM
To:	Rybarski, Amanda
Subject:	RE:

im glad to hear that, so are you going to be doing the same thing

 -----Original Message-----
From: 	Rybarski, Amanda
Sent:	Tuesday, January 22, 2002 10:21 AM
To:	Maggi, Mike
Subject:	RE:

Not at all...I just now got my offer letter...FINALLY.  What about you? Anything exciting?

 -----Original Message-----
From: 	Maggi, Mike
Sent:	Tuesday, January 22, 2002 10:20 AM
To:	Rybarski, Amanda
Subject:

anything exciting going on over there


Enron Tiger Team:

We are pleased to tell you that Professors Howard Kunreuther and Paul
Kleindorfer, OPIM Dept, University of Penn, will be consultants for the
Enron Tiger Project 2001. Please feel free to contact them with any
questions or concerns: kunreuth@wharton.upenn.edu  and
kleindorfer@wharton.upenn.edu

Sincerely,
Donna Piazze
Program Director
Field Application Project
The Wharton School
Univ. of Pennsylvania
(215) 573-8394
(215) 573-5727 fax
fap@management.wharton.upenn.edu
piazze@wharton.upenn.edu


My response is that you need to call me tonight because email sucks.


Tom - The Credit Derivatives traders would like to add the following new
Reference Entities. Please offer your approval/comments.

Tana -

would you please put these in front of Mark Taylor and get his approval; and
once approved, please provide the Legal Entity name of each company (for
documentation purposes).

Dale
3-9746

---------------------- Forwarded by Dale Neuner/HOU/ECT on 06/12/2000 10:18
AM ---------------------------

Anna Gardiner
06/09/2000 05:24 AM
To: Dale Neuner/HOU/ECT@ECT
cc: Enron London - EOL Product Control Group/LON/ECT@ECT, David
Forster/Corp/Enron@Enron, Bryan Seyfried/LON/ECT@ECT, Simon
Brooks/LON/ECT@ECT
Subject: Products for EOL

Dale

The Credit Derivatives group has requested that they have the additional
reference entities added to EOL so that they can offer them out as additional
US Bankruptcy swaps.  Dave Forster has asked that we pass this task over to
you and your group as these are US products.  All that I can see that needs
to be done is for each reference entity to be set up as a new index and
approved by US legal.

Please let me know if you require any further details and if I can be of any
further assistance

Rgds

Anna
----------------------- Forwarded by Anna Gardiner/LON/ECT on 09/06/2000
11:20 ---------------------------

Simon Brooks
07/06/2000 10:58
To: Enron London - EOL Product Control Group/LON/ECT@ECT
cc: Markus Fiala/LON/ECT@ECT, Bryan Seyfried/LON/ECT@ECT, Katja
Schilling/OSL/ECT@ECT, Moazzam Khoja/Corp/Enron@ENRON

Subject: Products for EOL

Could we get these put on EOL please.

These names are for US Bankruptcy swaps.

Solectron Corp
Lockheed Martin Corp
Cox Communication Inc
Textron Inc
Xerox Corp
Oracle Corp
Raytheon Co
Whirlpool Co
Intel Corp

Cheers
Simon


Brenda has a few ticket s that she would like to make available to you ,
either for yourselves or for your teams.
First come first serve BUT we would like to distribute these evenly so don't
be stingy!

They are

2 tickets for TONIGHT 7:05 pm vs Philadelphia Phillies
4 tickets for Friday, May 26th 7:05 pm vs Atlanta Braves
2 tickets for Friday, May 26th 7:05 pm vs Atlanta Braves
2 tickets for Saturday, June 3rd 12:15 pm vs White Sox
2 tickets for Tuesday, June 6th 7:05 pm  vs Minnesota Twins
2 tickets for Thursday, July 6th 7:05 pm vs Arizona Diamond Backs
2 tickets for Friday, July 21st 7:05 pm vs St. Louis Cardinals
2 tickets for Tuesday, August 15th 7:05 pm vs Pittsburgh Pirates

Thanx!
Y


Bri,

What's the deal with this Gray Davis guy?  What's your opinion on him?
He's
pretty much out to lunch on this whole energy crisis thing.  I was
wondering how
the citizens of California viewed him.

Hope everything is going well with Kim, Kendall and yourself.  Talk to you
soon.
Send an updated picture if you have one.

Kevin


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Thanks, I think your list has real potential from a patent point of view.
Mark


-----Original Message-----
From: navigator@nisource.com [mailto:navigator@nisource.com]
Sent: Wednesday, January 23, 2002 9:44 AM
To: navigator@nisource.com
Subject: Critical,OTHER,20010119,COLUMBIA GULF,007854581,Gas Quality
Specifications - REMINDER

                       COLUMBIA GULF TRANSMISSION COMPANY
                        NOTICE TO ALL INTERESTED PARTIES
                                JANUARY 23, 2002

Re:  Gas Quality Specifications - REMINDER
Notice ID: 2435
5 - NO RESPONSE REQUIRED

REMINDER - The notice posted below is still in effect at least until the end of
February 2002.

                 COLUMBIA GULF TRANSMISSION COMPANY
                  NOTICE TO ALL INTERESTED PARTIES
                        JANUARY 19, 2001

SUBJECT:  NOTICE TO PARTIES DELIVERING OR CAUSING GAS TO BE DELIVERED TO
   COLUMBIA GULF TRANSMISSION COMPANY

Pursuant to Section 25.2(a) of Columbia's tariff, Columbia is providing notice
of the imposition of the following additional gas quality specification on all
shippers, interconnecting pipelines, producers, and receipt meter operators,
and all other parties delivering or causing gas to be delivered into Columbia's
system:

     All gas tendered under Columbia's tariff shall have a gross heating value
    of no more than 1050 Btu per cubic foot.

This additional gas quality specification will be imposed two (2) business days
after this notice is posted on Columbia's internet electronic bulletin board.

In addition to complying with this additional gas quality specification, all
parties delivering or causing gas to be delivered into the Columbia-operated
Blue Water system on the Western Shoreline, the Southwestern Extension, or on
the Header (west of the system null point) may be required to provide evidence
to Columbia that such gas is being processed at the Blue Water Processing Plant
to ensure that the composite gas stream at Egan, Louisiana has a gross heating
value of 1050 Btu or less.  Evidence of the gas processing agreements may be
required upon Columbia's request.

Failure of a party to comply with the additional gas quality specification set
forth above and to provide Columbia Gulf with evidence, upon request, of a gas
processing agreement for gas delivered to the Blue Water system will result in
Columbia Gulf refusing to accept gas from such party and to make corresponding
redeliveries.

Imposition of this additional gas quality specification does not relieve any
party delivering gas or causing gas to be delivered to Columbia's system from
its existing obligations to comply with the gas quality specifications set
forth in Section 25.1 of Columbia's tariff, to ensure the merchantability of
the gas, and to ensure that gas has been properly processed before entering
Columbia's system.

Columbia, pursuant to the terms of Section 25.2(a) of its tariff, is imposing
this additional gas quality specification as it has determined, in its
reasonable judgment, that harm to its pipeline system and its operations may
occur if it receives gas on its system that fails to meet this additional gas
quality specification.  Columbia reserves the right to revise this additional
gas quality specification upon further analysis of the gas that is being
received by Columbia and reevaluation of the potential harm to Columbia's
pipeline system and its operations.

You are further placed on notice that Columbia will hold you responsible and
seek legal redress for any damages it incurs as a result of the higher Btu
gas.

Any questions about this notice may be directed to Gary Espey, (713) 267-4761,
or to John Pillion, (713) 267-4764.


Carol,

I've been working with Jaime Williams and our outside tax advisors to
determine the Mexican tax consequences applicable to those products that
Jaime has informed me will be offered to Mexican counterparties through
EnronOnLine and, potentially, a separate ENA Mexican entity.  I should be
able to provide the results by Friday or Monday.  Please contact me at ext.
35777 if you'd like to discuss in the meantime.

Best regards,

Jeff

   Carol St Clair                06/20/2000 11:15 AM

To: Jeff Blumenthal/HOU/ECT@ECT
cc: Mark Taylor/HOU/ECT@ECT, Sara Shackleton/HOU/ECT@ECT
Subject: Online Issues - Mexico

Jeff:
As I think you are aware, the Meixco and online group want to implement
online trading for Mexican counterparties.  Are there any tax issues taht we
should be aware of?  If we conduct online trades using ENA and telephone
trades with an Enron Mexican entity, will the exercise of setoff rights
create any tax issues?   My understanding is that the Enron counterparty will
be ENA.
Carol


For the Monthly Update.

 -----Original Message-----
From: 	Montovano, Steve
Sent:	Wednesday, September 05, 2001 10:57 AM
To:	Steffes, James D.
Cc:	Shapiro, Richard
Subject:	FW:

Jim - Attached are two documents.  The IRTF will give you a picture of whta is being done in the region with respect to my direct reports.  The second document reflects the business opportunities that I am currently working on with ENA and various companies.  As always please don't hesitate to call should further discussion be needed. Thanks and sorry for the delay SM

 -----Original Message-----
From: 	Bellas, Kirsten
Sent:	Wednesday, September 05, 2001 11:50 AM
To:	Montovano, Steve
Subject:


I just left you a voice mail and wanted to follow it up with an email regarding the termination of deals.  Please start forwarding these requests to myself and Darron Giron.  Scott is heading another project for Gossett and Darron and I will be handling terminations from today forward.  Thanks for your help and let me know if you have any questions.  Thanks.
PL

 -----Original Message-----
From: 	Palmer, B. Scott
Sent:	Friday, January 18, 2002 12:31 PM
To:	Love, Phillip M.; Giron, Darron C.
Subject:	FW: ENA Upstream deals to move

 -----Original Message-----
From: 	Richardson, Stacey
Sent:	Friday, January 18, 2002 12:05 PM
To:	Gossett, Jeffrey C.; Palmer, B. Scott
Cc:	Theriot, Kim S.; Hall, Bob M; Wallumrod, Ellen; Balfour-Flanagan, Cyndie; Elledge, Susan; Anderson, Bridgette
Subject:	ENA Upstream deals to move

With the bankruptcy filing of ENA Upstream yesterday, please find a listing of auto-terminating deals that need to be moved into the bankruptcy books.

Please let me know if you have any questions.

Thanks,
SBR x30569

 << File: ENA Upstream physicaldeals 120101 SBR.xls >>


We have this vehicle in stock at this time.  WE also have several others and
access to more.  Due to some factory incentives that are in effect we are
able to offer you some really good deals.  Please call me at 800-833-8841 so
we can discuss this.  I am Jerry Bosley and will be looking forward to your
call.. thanks again..

>From: Mr Kevin  Hyatt <dcx.19976655-2360@gaqleads.com>
>To: paulre@hotmail.com
>Subject: New Inventory Vehicle Request (Liberty Dayton
>Chrysler-Plymouth-Dodge-Jeep-Eagle, Inc)
>Date: Wed, 24 Oct 2001 13:48:39 -0700
>
>
>
>Mr. Kevin Hyatt has sent you a message from your FiveStar Dealer Website.
>The Following is the information from that form:
>
>
>
>
>Title: Mr.
>FirstName: Kevin
>MiddleInitial:
>LastName: Hyatt
>
>Address: 18715 Hickory Ashe Dr
>City: Humble
>State: TX
>Zip: 77346
>
>Purchase Time: Within the next month.
>Purchase Method: Finance
>
>Message: Would prefer the 4-door Ram 1500 or 2500 SLT with 4 wheel drive
>
>Customer was inquiring about the following vehicle:
>Make: Dodge
>Model: Ram 1500
>Year: 2002
>Trim: Quad 4 Dr. Extended Cab
>VIN: 1D7HU18Z72J123510
>Stock Number:
>
>Prices Displayed on Website:
>MSRP: $35,820
>
>Miles:
>Exterior Color: Bright White Clear Coat
>Interior Color:
>
>Trade-in Make:
>Trade-in Model:
>Trade-in Year:
>Trade-in Miles:
>Certified: Yes
>
>
>
>
>Message_ID: 19976655-2360
>Email: dcx.19976655-2360@gaqleads.com

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


Here is a list for the schedulers downstairs...we will get you a more completed one later.
 -----Original Message-----
From: 	Saldana, Alex
Sent:	Friday, November 16, 2001 3:54 PM
To:	Rangel, Ina
Subject:	STENO NUMBERS

INA,

THIS IS WHAT WE HAVE FOR NOW.  MONDAY EVERYONE THAT DOES NOT HAVE A STENO WILL.  IF YOU NEED THE LIST OF NEW STENOS PLEASE  CONTACT BRANDEE JACKSON BECAUSE I WILL BE OUT ON VACATION.

THANKS.  SORRY IT TOOK SO LONG.

Alex Saldana
Administrative Assistant
Enron Networks
(713) 345-7389


Ted

Please find attached mail as distributed  by Enron Metals senior management
today. The authorised trader list has been extended by one person only and
submitted to Rick for approval. The memo lays down the interaction between
the authorised traders and the requirements of central direction of trading
activities for agency trading.

Regards
Andy

---------------------- Forwarded by Andrew Cornfield/LON/ECT on 01/11/2000
13:36 ---------------------------

Michael J Hutchinson@ENRON
01/11/2000 13:33
Sent by: Debbie Foot@ENRON
To: Enron Metals Limited
cc: Michael Farmer/EU/Enron@ENRON, Andrew Cornfield/LON/ECT@ECT, Tim
Poullain-Patterson/LON/ECT@ECT

Subject: Authorised Traders

Enron Corporate policies lay down requirements for trading activities with
respect to authorised traders and agency trading. The attached memo details
these for Enron Metals. All personnel should read the attached memo and if
they have any questions direct them at either of us, or Andrew Cornfield in
Risk Management.

Mike Hutchinson
Mike farmer


---------------------- Forwarded by Jim Schwieger/HOU/ECT on 03/22/2001 03:07
PM ---------------------------

Jim Schwieger
10/02/2000 03:55 PM
To: Jim Coffey/HOU/ECT@ECT
cc:
Subject: Working Gas - Triple Lutz

Jim,
I wanted to clarify that we will still be pulling gas out of the ground in
Febr & March.  The Stg Book has always recorded hedgable volumes of 56.5
BCF.   This is the difference between 117.5 BCF and 61 BCF.  The Acctg Books
have always recorded the working gas as everything above I believe 70 BCF.
So when David says working gas will be -0- by January 31, 2001 he is correct
but we will be drawing down on what the Acctg Books have recorded as Cushion
Gas.

 Swig
---------------------- Forwarded by Jim Schwieger/HOU/ECT on 10/02/2000 03:32
PM ---------------------------

	Enron Capital Management

	From:  David Baumbach                           10/02/2000 01:23 PM

To: Jim Coffey/HOU/ECT@ECT
cc: Jim Schwieger/HOU/ECT@ECT, Edward D Gottlob/HOU/ECT@ECT, Brenda F
Herod/HOU/ECT@ECT, Steve Jackson/HOU/ECT@ECT
Subject: Working Gas - Triple Lutz

According to the Cost of Inventory Schedule there will be no Working Gas in
the ground at the end of January.  That is assuming we have actually
withdrawn what we have booked.

Dave