Another Division

Mark,

Global Counterparty wants me to approve this EOL counterparty which is a
division.  My deal with the EOL team was that they would kick these
counterparties back and try to get the legal incorporated entity as part of
the name.  Global Counterparty is satisfied opening counterparties up as
divisions and I am getting frustrated constantly fighting this battle.  Do
you wish to intercede, or shall I give up and let counterparties be opened as
divisions?  Do you want to call a meeting with Sam's boss to discuss
divisions?  What to do?
----- Forwarded by Tana Jones/HOU/ECT on 03/28/2001 03:39 PM -----

	Samuel Schott
	03/28/2001 01:09 PM

		 To: Tana Jones/HOU/ECT@ECT, Stephanie Sever/HOU/ECT@ECT
		 cc: Walter Guidroz/Enron@EnronXGate, Tom Moran/Enron@EnronXGate, Lisa
Lees/HOU/ECT@ECT, Marilyn Colbert/HOU/ECT@ECT, Cheryl Johnson/Corp/Enron@Enron
		 Subject: Re: EOL approvals, 3-20-01 _ GCP (US) Response -
CP/ID 94330, Cargill Ferrous International

FYI...

Cargill Ferrous International is setup correctly in the Global Counterparty
System as a Division of Cargill, Inc.
Cargill Ferrous International is the full name of this division and setup as
such in GCP with a Sub-to-Legal Link
to Cargill, Inc. per GCP procedure.

Also, the Global SAP team (Cheryl Johnson) would need Legal Name Change
documentation from the Counterparty
in order to change this name.

Best Rgds.

Samuel x3-9890 (GCP)
Enron Net Works _ Global Data Management

From: Tana Jones on 03/28/2001 09:47 AM
To: Samuel Schott/HOU/ECT@ECT, Stephanie Sever/HOU/ECT@ECT
cc:
Subject: Re: EOL approvals, 3-20-01 _ GCP (US) Response

Any updates on adding the correct legal name to this counterparty name?

---------------------- Forwarded by Samuel Schott/HOU/ECT on 03/28/2001 12:53
PM ---------------------------

	From:  Samuel Schott                           03/23/2001 11:25 AM

To: Stephanie Sever/HOU/ECT@ECT
cc: Tana Jones/HOU/ECT@ECT, Walter Guidroz/NA/Enron, Tom
Moran/Enron@EnronXGate, Lisa Lees/HOU/ECT@ECT, Marilyn Colbert/HOU/ECT@ECT
Subject: Re: EOL approvals, 3-20-01 _ GCP (US) Response

Hello,

Yes, GCP provides the links to establish the correlation between the parent
and child for our downstream systems.
GCP procedure is to create Counterparty names that reflect either the
Tradename / Division name or Parent Name  - - not both simultaneously.
(Although, we have broken that rule for Legal in the past.) This defeats the
purpose of using a Tradename.

Best Rgds.

Samuel

From:  Stephanie Sever
     03/23/2001 10:21 AM

To: Tana Jones/HOU/ECT@ECT
cc: Samuel Schott/HOU/ECT@ECT, Walter Guidroz/NA/Enron, Tom
Moran/Enron@EnronXGate, Lisa Lees/HOU/ECT@ECT
Subject: Re: EOL approvals, 3-20-01 _ GCP (US) Response

Tana,

Please review the process below:

With divisions,  EOL does request a new Password Application for the
applicant reflecting the name as you noted below.  When the company is set up
in the EOL database we link the company to the Parent and reference the CP
ID.  Sam, please confirm, Global Counterparty also provides the links to
establish correlation between the parent and child for our downstream systems.

Let me know if this is the appropriate steps that you would like to see.

Thanks,
Stephanie

From: Tana Jones on 03/22/2001 06:03 PM
To: Samuel Schott/HOU/ECT@ECT, Stephanie Sever/HOU/ECT@ECT
cc: Walter Guidroz/Enron@EnronXGate, Tom Moran/Enron@EnronXGate
Subject: Re: EOL approvals, 3-20-01 _ GCP (US) Response

Sam & Stephanie,

Re:  Cargill Ferrous International

It was my understanding with the EOL Team that all divisions would have the
legal incorporated entity as part of the name.  Stephanie, I my preference is
to kick their Password Application back and get them to change it to read
something like "Cargill Ferrous International, a division of Cargill, Inc."
or "Cargill, Inc. acting through its Cargill Ferrous International Division".

	Samuel Schott
	03/21/2001 01:58 PM

		 To: Walter Guidroz/ENRON@enronXgate @ ENRON, Karen Lambert/HOU/ECT@ECT, Tana
Jones/HOU/ECT@ECT, Mark Taylor/HOU/ECT@ECT, Brant
Reves/ENRON@enronXgate@ENRON, Debbie R Brackett/HOU/ECT@ECT, David
Hardy/LON/ECT@ECT, Lesli Campbell/ENRON@enronXgate@ENRON, Cynthia
Clark/ENRON@enronXgate@ENRON, Enron Europe Global Contracts and
Facilities@ENRON, Enron Europe Global CounterParty/LON/ECT@ECT, Stephanie
Sever/HOU/ECT@ECT, Tom Moran/ENRON@enronXgate@ENRON, Claudia
Clark/HOU/ECT@ECT, William S Bradford/ENRON@enronXgate@ENRON, Lisa
Lees/HOU/ECT@ECT, Juana Fayett/Corp/Enron@Enron, Jana Morse/Corp/Enron@Enron,
Trang Le/HOU/ECT@ECT, Paul Maley/LON/ECT@ECT, Sonya Clarke/LON/ECT@ECT, Tim
Davies/LON/ECT@ECT, Karen O'Day/NA/Enron@Enron, Tanya
Rohauer/ENRON@enronXgate@ENRON, Kelly Lombardi/NA/Enron@Enron, Brian
Lindsay/Enron Communications@Enron Communications@ENRON, EOL Call
Center@ENRON, Bernice Rodriguez/HOU/ECT@ECT, Bill D Hare/HOU/ECT@ect, Amy
Heffernan/Enron Communications@Enron Communications@ENRON, Molly LaFuze/Enron
Communications@Enron Communications@ENRON, Danny Clark/Enron
Communications@Enron Communications@ENRON
		 cc:
		 Subject: Re: EOL approvals, 3-20-01 _ GCP (US) Response

Any GCP adjustments will be highlighted in red.

Attn. GCP_London:
There's a new EOL Counterparty listed in the UK. Please respond.

Best Rgds.

Samuel x3-9890
ENW_GCP

From: Walter Guidroz/ENRON@enronXgate on 03/20/2001 05:30 PM
To: Karen Lambert/HOU/ECT@ECT, Tana Jones/HOU/ECT@ECT, Samuel
Schott/HOU/ECT@ECT, Mark Taylor/HOU/ECT@ECT, Brant Reves/ENRON@enronXgate,
Debbie R Brackett/HOU/ECT@ECT, David Hardy/LON/ECT@ECT, Lesli
Campbell/ENRON@enronXgate, Cynthia Clark/ENRON@enronXgate, Enron Europe
Global Contracts and Facilities@ENRON, Enron Europe Global
CounterParty/LON/ECT@ECT, Stephanie Sever/HOU/ECT@ECT, Tom
Moran/ENRON@enronXgate, Claudia Clark/HOU/ECT@ECT, William S
Bradford/ENRON@enronXgate, Lisa Lees/HOU/ECT@ECT, Juana
Fayett/Corp/Enron@Enron, Jana Morse/Corp/Enron@Enron, Trang Le/HOU/ECT@ECT,
Paul Maley/LON/ECT@ECT, Sonya Clarke/LON/ECT@ECT, Tim Davies/LON/ECT@ECT,
Karen O'Day/NA/Enron@Enron, Tanya Rohauer/ENRON@enronXgate, Kelly
Lombardi/NA/Enron@Enron, Brian Lindsay/Enron Communications@Enron
Communications, EOL Call Center@ENRON, Bernice Rodriguez/HOU/ECT@ECT, Bill D
Hare/HOU/ECT@ect, Amy Heffernan/Enron Communications@Enron Communications,
Molly LaFuze/Enron Communications@Enron Communications, Danny Clark/Enron
Communications@Enron Communications
cc:
Subject: EOL approvals, 3-20-01

Please see attached.


Eric:
I got a call from David Martin looking from Jason Staebels phone number.  Do
you have it or do you know who does?  Thanks
Ben


Jeff, will you coordinate with Peter for the legal PRC in getting all the
info on the Cd lawyers so you and I can represent them at the PRC.
----- Forwarded by Mark E Haedicke/HOU/ECT on 11/22/2000 01:14 PM -----

	Chris Gaffney
	11/17/2000 07:32 AM

		 To: Peter Keohane/CAL/ECT@ECT
		 cc: Mark E Haedicke/HOU/ECT@ECT
		 Subject: Year 2000 - Accomplishments

Peter - Some time ago you suggested that at year end review time I should
provide you with a list of significant accomplishments.  The following is
such list:

January through June with ENA
NSTAR All RequirementsTransaction - While similar in structure to the United
Illuminating transaction, the NSTAR deal provided challenge in that it came
together in a very accelerated time frame.  We did not have the luxury of 6
months of negotiations as we did in UI.  We essentially structured and
executed a deal in less than 3 weeks.  It was also a challenge in that I had
no experience working with these particular clients (Kevin Presto, Dana
Davis, Ed Baughman and John Llodra of East Power Trading/Mid Markets.
Another significant hurdle was the education process of the utility and its
attorneys which was essential to get them comfortable with the complexities
of an all requirements trading document.
Consolidated Edison Turbine deal - This transaction was blown up at the
eleventh hour, it was another challenging deal which required a creative
structure to flip turbines into a project and take back a call on power.
Again the education of the utility and structuring of the transaction made
this particular deal difficult.

July through November with ECC
Sunoco structured power transaction - This was the first project I worked on
in the Toronto office and was the first back to back transaction completed
off of the British Energy PPA.  While the Calgary lawyers had put together a
very good back to back precedent, there was still a great deal of negotiation
involved in completing the deal and complexity involved in maintaining the
requisite back to back transaction.
G-6 structured transaction - This deal just (as of 40 minutes ago) blew up.
Notwithstanding that the deal will not be completed, it was a very
complicated deal which involved a highly negotiated services agreement,
arrangements for ECC to take initial equity and an option for additional
equity and trading documentation.  This project required negotiating with 6
municipal electric utilities who were trying to set up a retail affiliate to
market power in Ontario.  The structure would have ECC as a risk management
and settlement services provider in exchange for being the exclusive
wholesale supplier of energy to the G-6.  This involved mitigating and
structuring around a myriad of legal issues.
TransCanada structured power transaction - This was another back to back
transaction off of the British Energy position.  These deal was challenging
in that it involved a more sophisticated counterparty who had certain
idiosyncratic issues such as regulatory risk and credit.  We were able to
structure a deal which balanced the parties competing interests and
maintained the commercial value of the transaction for Enron.
OEFC Non-Utility Generation Contract Management - We have just recently been
awarded the project and have begun negotiations with OEFC regarding
management of the NUG contracts.  However, the teamwork exhibited among legal
and commercial and between the Toronto and Calgary legal and commercial
groups showed how effective the ECC operation can be.  Your advice and
initial review together with my implementation structured an RFP response
that did the right thing: protected ECC from potential legal risks.  While
there was commercial pressure to bend from these principals we stood our
ground and as a result have a much stronger bargaining position.
Transition from Houston to Toronto - While both you and Mark know that there
were some initial issues with respect to working out the arrangements for my
move from Houston to Toronto I believe that I have transitioned quite
smoothly.  I think that I have quickly gained the respect and trust of those
in the Toronto office and of Rob Milnthorp.  Being the lone lawyer in a
satellite office presents unique challenges; especially when the commercial
folks are not content doing bread and butter type transactions but rather
present highly structured deal on a weekly or even daily basis.  I understand
and appreciate that you have gone out of your way to provide support to me
when I have had issues arise on Toronto matters. In return I feel that I have
provided you with comfort that the legal interests of Enron Canada are being
protected and that our commercial team is receiving top notch legal support.
I have done this while still managing all of the little things that go along
with moving your family 2000 miles.

Regards
CJG


I like the idea of a first quarter review of 2000.  We just may not be able
to pull off to the extent we did last year.  Did Stan indicate exactly what
he had in mind?  Does he want to video stream again?  If so, we should start
planning now to ensure we get a large enough space booked early as well as
booking the video company and working with the EBS folks.  I have the
presentation we used for 1999's review in my right cabinet above my desk.  If
it's ok with you, I'll ask you to communicate with Kimberly on the details.

We're getting ready to leave for the hospital!  I can't believe today is the
day!  Keith and I both are quite nervous and confident at the same time!
Please keep us in your prayers and as soon as we name the baby, we'll call
the office.  Kimberly is on point to send out an email.

Have a great Thursday!

Gina

Shelley Corman
11/29/2000 01:36 PM
To: Gina Taylor/OTS/Enron@Enron
cc:

Subject: Re: Revised ETS Story

Good luck on your big day tomorrow.  I have been thinking about you all week.

FYI - Stan is interested in having a year in review session in the first
quarter of 2001.  I'm going to have Kimberly start working on this.  Stan
said that he felt like this was a very successful event last year & would
like to use it as an opportunity to get Dan out in front of all of the
employees.


Hi All,

Attached is a general Logistics PowerPoint presentation that can be presented to customers or whoever you need to present information about Enron North America Gas Logistics to.

The presentation contains a section about each of the desks and/or regions and cost centers.  Therefore, you can copy and paste some of the slides into a smaller presentation to fit your individual needs.

The presentation is also located on O: Logistics/Management/Presentations/Gas Logistics Presentation.ppt

Thanks and please contact me with any questions.

Regards,
Elizabeth

Elizabeth Webb
elizabeth.webb@enron.com
713-345-1694


It was slight address change to:  sshackl@enron.com  (the address only
deleted the "ect" piece)

Debba1353@aol.com on 03/24/2000 08:05:35 PM
To: sshackl@enron.com
cc:
Subject: Re: CBS MarketWatch - Morgan starts Internet index, while Munder
NetNet closes

Did your e-mail address change?  I got something from your office about it
and i changed your address at work.  What's the deal?
got the voice mail (i mean e-mail) at the office.
love ya.
yo sista
p.s.  also got the bake off stuff


Tana:
I have asked Suzanne to reserve the following dates for the big conference
room on 30 for our upcoming lunch seminars:  Friday, May 5th, Thursday, May
25th and Friday, June 16th.  Sara and I are going to try and set something up
with the weather group for the May 5th date if that works for them.  Can we
plan on scheduleing something with the confirms group and the global
contracts group for the other 2 dates?  Sara and I need to talk about what to
do with the credit group.

Carol


Did you get the fax of the Consumers Energy invoice??


A couple of the transaction documents are coming together a little more
slowly than anticipated yesterday.  After an all day drafting session today
there remain only a few manageable issues left to resolve.  Accordingly we
have tentatively scheduled signing the definitive agreements on Monday 4-Dec.

Currently both parties have a termination right for internal approvals - El
Paso approvals may be complete by Monday and I would like to have ours
completed as well so that this termination right could be eliminated.  Please
let me know what other information/documentation you will need so that we may
complete our approval processes and sign these agreements on Monday without
this clause.

Thanks again for your timely assistance with this transaction.


Part 1 of 3 Parts

Jerry Scarbrough's True Orange
The Newsletter for the True Texas Longhorn Faithful

Volume 11, No. 15, April 9, 2001

Spring Shows UT Has Fine Passing Offense,
Defense, but Questions Persist Elsewhere

The Longhorns wrapped up spring football practice last week and the best news
I can give you after watching all 15 practices is that the passing offense
and defense should both be very good this season.
The run defense probably won't be as good as last year's rock-solid group,
but it will be a faster group that should be good against the run and much
improved at rushing passers.
The running offense still looks spotty, but coach Mack Brown says it is
improved and will look much better in the fall when injured offensive guards
Antwan Kirk-Hughes and Tillman Holloway return.
When they return, by the way, look for the team's other fine guard, Derrick
Dockery, to move to left tackle.
The one huge problem that surfaced in the spring was in the kicking game. JC
transfer Brian Bradford and redshirt freshman Justin Smith both did a good
job of punting, but the place-kickers had a tough spring.
Redshirt freshman Matt McFadden showed fair consistency on field goals up to
35 yards, but struggled mightily on the longer ones.
Brown expressed concern about the kicking and said three walk-ons will be
reporting in August and will get chances to win the job.
So, looking at the big picture, I see the last year of the softer schedule
(no Nebraska or Kansas State) as one in which the Longhorns will have a
passing game that will strike terror into opposing teams' hearts, and a pass
defense that should be one of the best around, too.
But UT teams don't usually win big games unless they can run fairly well (13
yards at Stanford, minus 7 against Oklahoma and 54 in the Oregon game in the
Holiday Bowl). Those were the three games the team lost.
Brown says one of the tailbacks needs to jump out of the pack and give the
team a go-to guy. If one of them doesn't do it, look for super recruit Cedric
Benson to be a factor very quickly.
Brown doesn't like to talk about Benson because he doesn't want him to put
any extra pressure on him.
But Benson is a guy who thrives on pressure. Fifteen touchdowns in three
Class 5A championship games shows how pressure affects him.
Hopefully, he will do for the running game what true freshmen WRs Roy
Williams, B. J. Johnson and Sloan Thomas did for the passing game last season.
With junior QB Chris Simms and five or six outstanding WRs to go with two
extremely gifted TEs, the Longhorns should have at great passing attack.
If Simms continues to make progress in looking away from his target, Texas
will have a great passing attack. He hit 56% of his passes and averaged 16
yards per completion last year, but he had only eight touchdowns and four of
his seven interceptions were run back all the way.
He was much better this spring about concealing his intended target.
I think he will continue to improve and, if he does, the passing game will be
so potent that it will make it easier to run.
The other key to getting the running game jump-started is getting better run
blocking from the line.
The line worked more on run blocking this spring than it has in previous
springs under Brown, and he thinks that will pay off with a better running
attack when the season starts.
I'll make a prediction right now that if the Horns can run for 100 yards in
every regular-season game, they won't lose any of them.
Brown says he isn't concerned about the yardage, but is concerned about the
ability to pick up short yardage on third downs and about being able to run
the ball in the fourth quarter to protect a lead.
I'll second that. The Longhorns don't have to run for 100 yards if they can
run it successfully when they really need to run it.
Many teams, and particularly teams in the Big 12, are stacking the line of
scrimmage to force teams to throw.
After Simms and Company show how they can stretch a defense, I don't think
many teams will want to force Texas to throw.
The defense, meanwhile, is much faster than last season. Strong safety Lee
Jackson is primarily a strongside linebacker now, and converted cornerbacks
Ahmad Brooks and Nathan Vasher are two of the top three safeties.
Former outside linebacker O. J. McClintock is a pass-rushing defensive end,
and defensive end Maurice Gordon is at defensive tackle.
Sophomore Marcus Tubbs had a strong spring at DT, and Lee, if he returns
healthy in the fall, should team with sophomore Adam Doiron, the other spring
starter, to give the Horns three good tackles.
Gordon is already an outstanding pass-rushing tackle, and Brown said he will
try to bulk up a little in the off season to be better at handling the run,
too.
Starting DEs Kalen Thornton and Cory Redding return, as do all three LBs and
three of the four DBs.
Against Oklahoma, the best team the Horns will face in the regular season,
this type of lighter, faster defensive unit should have a better chance to
succeed.
It should be better against the passing teams and it might be almost as good
against the running teams.
The Achilles heel could be the place-kicking unless McFadden, walk-on Dylan
Becker or one of the three incoming walk-ons takes charge.
Here is a projected depth chart for the start of 2-a-days in August (this is
my projected depth chart because the coaches didn't release one):
OFFENSE
TE - Bo Scaife, Soph.; Brock Edwards, Soph.
SE - Roy Williams, Soph.; Sloan Thomas, Soph.; Montrell Flowers, Sr.
LT - Derrick Dockery, Jr.; Robbie Doane, Jr.
LG - Antwan Kirk-Hughes, Jr.; Beau Baker, Jr.
C - Matt Anderson, Sr.; Jason Glynn, RS-Fresh.
RG - Tillman Hollway, Soph.; Trey Bates, RS-Fresh.
RT - Mike Williams, Sr.; Lionel Garr, RS-Fresh.
FL - B. J. Johnson, Soph.; Kyle Shanahan, Jr.; Tony Jeffery, RS-Fresh
QB - Chris Simms, Jr.; Major Applewhite, Sr.; Chance Mock, RS-Fresh.
TB - Victor Ike, Jr.; Brett Robin, Jr.; Kenny Hayter, Soph.
FB - Matt Trissel, Jr.; Chad Stevens, Jr.; Will Matthews, RS-Fresh.
DEFENSE
LE - Cory Redding, Jr.; Adam McConathy, Jr.or  O. J. McClintock, Jr.
LT - Adam Doiron, Soph.; Stevie Lee, RS-Fresh.; Maurice Gordon, Sr.
RT - Marcus Tubbs, Soph.; Miguel McKay, Jr.
RE - Kalen Thornton, Soph.; Adam McConathy, Jr.; Jermain Anderson, Sr.
SLB - Lee Jackson, Sr.; Marcus Wilkins, Sr.; Tyrone Jones, Sr.
MLB - D. D. Lewis, Sr.; Austin Sendlein, RS-Fresh.
WLB - Everick Rawls, Sr.; Reed Boy, Soph.
LC - Quentin Jammer, Sr.; Ervis Hill, Sr.
RC - Roderick Babers, Jr.; Nathan Vasher, Soph.
FS - Dakarai Pearson, Soph.; Nathan Vasher, Soph.
SS - Ahmad Brooks, Sr.; Phillip Geiggar, Soph.
SPECIAL TEAMS
P - Brian Bradford, Jr.; Justin Smith, RS-Fresh.
PK - Matt McFadden, RS-Fresh.; Dylan Becker, Jr.

900 Number Updated Frequently

I update my 900 number at least twice a week with football and football
recruiting news. The number is 1-900-288-8839. It costs $1.59 a minute. You
must be 18 or older to call.

Coach's Corner

Coach Mack Brown had to juggle spring football practice this year because of
the tragic death of Cole Pittman and a series of thunderstorms, but he says
it was  "the most physical and successful spring in our four years here."
"One of our main goals was to be tougher, more physical," he said after
spring practice concluded last Wednesday. "We worked harder, we had our ones
go against our ones more and we worked on being tougher and on getting better
every day.
"We didn't have a bad practice," he said. "They worked hard every day, and
that's when you get better. We did get better."
Brown said he was very pleased with the progress the team made during the 15
spring workouts but said there are still some problems heading into the
off-season program and fall workouts.
"We still have some unanswered questions such as developing depth along the
defensive line and we need a tailback to step forward," he said.
He said "Victor Ike would start at tailback if we played tomorrow and Brett
Robin would be second team."
"Our running game has improved, we've continued to improve our protections
and our throwing and catching with our receivers is getting better," he added.
While he isn't pleased with the production at tailback, he said the running
game will be better this season because of improvement in the offensive line.
"Mike Williams at tackle and Derrick Dockery at guard played as well as any
offensive linemen have played in the spring since we got here" he said.
"Even though we lost two great defensive players in Casey Hampton and Shaun
Rogers and an outstanding safety in Greg Brown, our defense has continued to
improve and has better team speed than last year," Brown said.
He said strong senior leadership gives the team a chance "to be really
successful on defense next season."
Sophomore OG Tillman Holloway and redshirt freshman DT Stevie Lee were the
only Longhorns who suffered serious injuries in the spring.
Holloway sprained a knee during the first week of workouts,and Lee had
surgery on the same foot that sidelined him for the last 10 games of the 2000
season, which qualified him for a medical redshirt season.
Seniors Antwan Kirk-Hughes (shoulder) and Mike Jones (knee) missed the entire
spring season while recovering from offseason surgery and sophomore tight end
Artie Ellis sat out with a stress fracture in his leg.
"We were able to get through the spring without any significant injuries that
would keep someone from missing time in the fall," Brown said. "All the guys
who missed this spring because of injuries last fall should be back to full
strength when we start up again in August."
He said he was tremendously pleased with progress of sophomore TE Bo Scaife,
who returned after missing the entire 2000 season with a knee injury.
Scaife tore the anterior cruciate ligament in his left knee during the first
pre-season practice last August.
"I was really pleased with Bo's improvement toward the end of the spring,"
Brown said. "We held him out of the majority of contact drills, but the more
he played, the more you could tell he was getting physically ready to play.
"He should come back with great confidence in the fall after having a solid
month of practice this spring."
He also said one big spring goal was to develop more depth, and he said the
team made good progress in that area.
With Lee out with his foot injury, it left the team really thin at DT, but
moving Gordon over helped a lot.
"If Stevie hadn't been injured, we probably wouldn't have moved Maurice from
end to tackle," Brown said.
"Maurice looks really good at tackle and, when Stevie comes back, we'll have
a lot better depth there."
"The program is growing at the pace we'd hoped it would when we came here
three years ago," Brown said.
"Each year we have developed more depth and experience and from top to bottom
have become an improved team with a better grasp of our overall program.
"Last year, we played more players across the board than we had in our first
two years and that is what saved our season in the end.
"We had so many players injured that it took a lot of guys stepping up for us
to be successful."


Our vision to become The World's Leading Company positions our company for great success this year and beyond.  Our success is dependent on execution.  With that in mind, we are making Enron's 2001 corporate and business unit goals available to employees.

Please take a few minutes to review our 2001 goals on Enron's intranet at http://172.28.92.190/bowne/    We believe they will help you gain a better understanding of our vision for the company and will inspire you to identify innovative ways to help your organization and Enron achieve our objectives.  We have a lot to accomplish this year, and with your hard work and dedication, we can realize another year of stellar performance.


FYI

Vince
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 05/01/2000
09:06 AM ---------------------------

Nick Bambos <bambos@stanford.edu> on 05/01/2000 04:26:30 AM
To: Vince.J.Kaminski@enron.com
cc:
Subject: Re: Visit to Enron

Vince,

How are you? Hope all is well.

Is there any chance we can schedule my visit to Enron on Friday, May 19,
or Friday, May 26?

By the end of April I was able to attract a top new student to work on the
project.
The other one for the coming year will be Giuseppe. By spending the summer
at Enron, he will be in a position to bring the new one up to speed and
create an intellectual team here at Stanford to look at these problems.

I must move ahead soon to put the project in place and get the work going.

Talk to you soon,

Nick

Vince.J.Kaminski@enron.com wrote:
>
> Nick,
>
> We can close the loop on our commitment to support the research projects
> before your visit to Enron.
>
> My assistant, Shirley  Crenshaw, will call you to set up a conference call
> with me, Stinson Gibner,
> and Tom Gros from Enron Broadband Services to discuss all the isssues.
> Friday this week would work for
> both Tom and me. I think we need about 15 minutes.
>
> Vince
>
> P.S. Shirley, Nick's phone number is 650 796 8163 (cell), 650-725-5525
> (office).
>
> Nick Bambos <bambos@stanford.edu> on 03/12/2000 05:32:35 PM
>
> To:   Vince.J.Kaminski@enron.com, bambos@stanford.Stanford.EDU
> cc:
> Subject:  Visit to Enron
>
> Hello Vince,
>
> It was nice seeing you at Stanford and many thanks for the lunch
> we had together. I really enjoyed our discussions, both at the
> technical level and otherwise.
>
> I promised to send you an e-mail regarding possible dates for
> a visit to Enron. I delayed it for a week till my schedule was
> clearer. Let's see if we can get a match with your schedule -
> mine is rather terrible:
>
> Friday, 21st of April looks good. But April 23rd is Easter
> Sunday, so that may make it difficult for some people at Enron
> to be around. Let me know if that is the case. I am willing to
> visit then, because the week after that I am scheduled to be in
> Japan and in the previous weeks I am all committed on Fridays.
>
> Friday, 19th of May is the next possibility, but this probably
> is too far out. The main problem is that I am operating within
> a window of opportunity for attracting top students for this
> research. This window closes by the end of April, and it would be
> important for the student support funds to be in place then, so
> that I can make hard commitments to students and attract top
> talent. I am already reviewing files of students who have
> approached me for PhD advising, and I am in a mode of doing "soft
> commitments to star-level students" to get this research and its
> potential on their radar screen. Top students are highly sought
> after by advisors and I want to be an early player in this
> competition.
>
> Does my visit to Enron have to happen before we can set up the
> project and student support at Stanford? If so, doing it before the
> end of April is important for getting top people. If the visit can
> happen after we get the ball rolling, then we can schedule it in May.
> I assume there will be multiple visits both ways when the project gets
> going. Please let me know what you think.
>
> Best Regards,
>
> Nick


According to my numbers, I show we have taken 67,560 out of storage through
today.  And we are taking out 12,995 (2599 x 5 days) from the 27th - 31st.
Could you double check my numbers please?

Thanks


The Governor's advisors will not be prepared to discuss the credit issues on
Friday.    A new dial in number has been set up for a conference call amongst
the sellers.

The time and participant codes remain the same - only the dial in # has
changed.

DATE:  Friday, May 18th

TIME:   10:00 am (Central) - should last approx 1 hour

CALL IN #:  1-877-322-9648     (this is the new dial in #)

HOST CODE: 564778   (Steve Kean's use only)

PARTICIPANT
CODE:  285987

Attached is the most recent/revised sellers contact list.


LYNN SHIVERS, DIANE
ELLSTROM
                                                          KIM THERIOT,
STEPHANIE
PIWETZ
                                                      JOE HUNTER, MELISSA
RODRIGUEZ


Did you find out anything about this deal?  We really need to get this out of
the NEW Counterparty status.

Thanks!
---------------------- Forwarded by Sharen Cason/HOU/ECT on 02/07/2001 08:59
AM ---------------------------

	Enron North America Corp.

	From:  Sharen Cason                           02/06/2001 08:42 AM

To: Kate Symes/PDX/ECT@ECT
cc:
Subject: # 509638

This deal was entered as New Counterparty which is fine for a short period of
time.  However, within a few days someone needs to make sure to change the
deal to the correct counterparty name.  Can you look into this and let me
know?

Thanks!


Mike Mier will be interviewing for a position for Real Time. I will provide a copy of his resume to the interviews for review. See below for interview schedule and location:

Mike Mier, Cascade Conference Room, Thursday, July 26th, 2001

1:30pm-2:15pm - Mark Fischer
2:15pm-3:00pm - Greg Wolfe
3:00pm-3:45pm - Chris Mallory
3:45pm-4:00pm - Amy FitzPatrick
4:00pm-4:45pm - Bill Williams III
4:45pm-5:30pm - Bert Meyers

Each interview has been scheduled for 45 minutes. Please let me know if you have any questions.


Ok, eagle eye, here's the override for your one train deal.


Jeff:

This is to follow up on my conversation with you last November. At that time
I had indicated an interest in moving from GTB in Bolivia to other job within
Enron where I can utilize my experience more effectively.  You advised me to
talk to Jeff McMahon at EIM because you felt my background fits well in his
organization. Since than I have been trying to close a number of critical
items at GTB. I am happy to report great progress. I talked to Jeff regarding
my interest in EIM on Monday. He has indicated a strong interest in me.  I am
looking forward to hearing from him soon. I would appreciate your support in
this. I agree with you that EIM is a great fit for my experience. I really
feel I can contribute significantly in Jeff's efforts in expanding markets in
Europe.

Regards,

Nasim Khan


Here are the ratings per your request.  Let me know if you need anything
else.

NAME	MID-YEAR RATING
BORCYK, DAVID	EXCELLENT
BRASHER, BARNEY	EXCELLENT
BRASSFIELD, MORRIS	EXCELLENT
CENTILLI, JAMES	SATISFACTORY
CHANDLER, ROBERT	STRONG
CHERRY, PAUL	STRONG
CLEMENTS, DAVID	STRONG
COBB, JOHN	EXCELLENT
CONCKLIN, ELAINE	SATISFACTORY
FENSTAD, LARRY	NEEDS IMPROVEMENT
GEACCONE, TRACY	STRONG
JESSE, JOHN	EXCELLENT
KEISER, JOHN	STRONG
KONSDORF, ELLEN	SATISFACTORY
PETERS, JERRY	STRONG
QUITTNER, GEORGE	NEEDS IMPROVEMENT
ROPER, KERWIN	EXCELLENT
SAUNDERS, JAMES	STRONG
STERN, ELLIS	STRONG
WIEDERHOLT, PATRICIA	STRONG

Rod Hayslett

11/13/2000 07:04 AM
To: Gretchen Jennings/OTS/Enron@Enron
cc:

Subject:

Can you please provide me with a list of people for this purpose.    All
directors and above, with mid year rating.
---------------------- Forwarded by Rod Hayslett/FGT/Enron on 11/13/2000
07:05 AM ---------------------------

Rod Hayslett

11/13/2000 07:02 AM
To: Kerry Roper/GPGFIN/Enron@ENRON, James Saunders/FGT/Enron@ENRON, Jerry
Peters/NPNG/Enron@ENRON
cc: Kathy Campos/GPGFIN/Enron@ENRON

Subject:

To ensure that all accounting employees (Directors and above) are ranked in
the Global Accounting PRC meeting on friday, December 1st, I am asking your
assistance in confirming the names and titles of these employees.  Please
send me a list of the names and job titles of your employees on the payroll
as of October 1, 2000.   An example is indicated below.  This information
should be in the following format and also include the cluster descriptor for
midyear as well as the recommendation for year end.   I have attached a copy
of the cluster descriptors for your reference and would like this information
by Wednesday, November 29th.  If you are unable to provide the information by
this date, please let me know as soon as possible.    If you have any
questions, please do not hesitate to call me at 713-853-6178.  Your
cooperation is greatly appreciated.  Thank you.

EXAMPLE

NAME	JOB TITLE	CLUSTER DESCRIPTOR
Jane Dawson	Associate	Superior
July Summer	Finance Mgr	Needs Improvement
August Carson	Director, Finance	Excellent


Haas NewsWire
April 23, 2001

CONTENTS

Sara Beckman Receives UC Berkeley's Distinguished Teaching Award
Undergrads Create Solutions at the E-Business Case Competition
UC Berkeley Teams Take Part in Two Real Estate Challenges
Haas Experts on the Challenges to the Economy at the Faculty Alumni
Colloquium
Haas Celebrates the End of the Year
Graduating MBA Student Debrief with Dean Tyson
Faculty News
Haas in the News
Happening at Haas
Haas Celebrations

SARA BECKMAN RECEIVES UC BERKELEY'S DISTINGUISHED TEACHING AWARD
 Sara Beckman, senior lecturer at the Haas School, is one of four recipients
of this year's Distinguished Teaching Award, UC Berkeley's highest prize for
teaching. ?

The recipients will be honored in a ceremony on Wednesday, April 25, at 5:00
p.m. in Zellerbach Playhouse. The entire UC Berkeley community is invited to
attend.

Beckman has been with the Haas School of Business since 1988 and has taught
courses in three of the Haas School's four degree programs -- undergraduate,
full-time MBA, and Evening MBA -- and in executive development. Beckman
currently teaches Operations Management and New Product Development in the
MBA program.

In 1995, Beckman and engineering Professor Alice Agogino introduced the
course Managing the New Product Development Process (BA290A/ME290P) to be
taught jointly to business and engineering students. This course has been the
most popular course at the Haas School for at least the past two years.
Beckman continues to co-teach the course with Professor Agogino; the course
is cross-listed with the College of Engineering. In the last two years, it
has also involved Leslie Spear from the California College of Arts and
Crafts. The highlight of this course is the New Product Tradeshow, which
takes place at the end of the semester and allows the students to display
their prototypes to the public.

Beckman has received excellent course evaluations from the students in all of
her courses. She has been a member of Club 6 for every semester she has
taught at Haas. Club 6 membership requires a median student evaluation rating
of at least 6 on a scale of 1 to 7.

Beckman earned her undergraduate degree in industrial engineering with
distinction at Stanford University. She also earned two Master's degrees --
in industrial engineering/engineering management and in statistics -- and a
doctoral degree at Stanford University. Before coming to Haas, Beckman worked
at Booz, Allen & Hamilton and managed several technology initiatives and
programs at Hewlett Packard. From 1991 to 1997, Beckman took leadership of
the Management of Technology (MOT) program.? In 1998, she became co-director
with Marketing Chair Russell Winer of the reorganized and expanded Fisher
Center for the Strategic Use of Information Technology (FCSUIT). FCSUIT's
objective is to integrate the Haas School's various efforts in e-business.

Previous winners of the Distinguished Teaching Award at Haas include Richard
Lyons, Andrew Shogan, Laura D'Andrea Tyson, and M. Frances Van Loo.

Beckman is joined this year by three other recipients: Carolyn Bertozzi,
assistant professor of chemistry; Seda Chavdarian, lecturer in the French
Department; and Ronald Gronsky, professor of material science and engineering.

The Distinguished Teaching Award is given by the Committee on Teaching, a
committee of the Berkeley division of the Academic Senate.? A reception in
the Alumni House's Toll Room follows the ceremony.

UNDERGRADS CREATE SOLUTIONS AT THE E-BUSINESS CASE COMPETITION The second
annual E-Business Case Competition wrapped up last week with a final
competition on Monday night. Undergraduate students from across the Berkeley
campus formed teams and came up with solutions to an Internet strategy
problem for Cisco Systems.

"The second annual E-Business Case Competition once again provided a venue
for showcasing the incredible talents of Haas and UC Berkeley undergraduates
in addressing a real-world business issue in a pressure-packed setting," says
Dan Himelstein, undergraduate program director. "Not only was it a great
night for everybody involved in putting together and participating in this
competition to hold their heads high, it was also a lot of fun."

The members of the winning team were David Chan, industrial engineering and
operations research; Christine Cho, business administration; Lisa Mou,
economics; and Amyn Saleh, industrial engineering and operations research.

The team's solution addressed how Cisco Systems can use the Internet to help
its channel partners focus on their core competencies and create a
competitive advantage using a "triangular channel solution" that revolved
around the development of a comprehensive and interactive "myCisco" web site
for use by Cisco, its channel partners/resellers, and end users. The site
would provide a set of integrated electronic marketplace online applications
that would deliver better information and better product and service
solutions in a more efficient, effective, and profitable manner.

Each member of the winning team received a $100 gift certificate from Cisco,
$1000 for the team to share from the Schlinger Family Foundation, t-shirts
donated by Deloitte Consulting, and a crystal commemorative plaque. The other
finalist teams received $350 for the team to share from the Schlinger Family
Foundation, t-shirts donated by Deloitte Consulting, and a crystal plaque to
each member of the team.

Representatives from the Schlinger Family Foundation, Cisco Systems, and
Deloitte Consulting came to hear the final presentations and meet the
participating students.

UC BERKELEY TEAMS TAKE PART IN TWO REAL ESTATE CHALLENGES
Two teams of UC Berkeley graduate students have been working feverishly on
plans to present at National Association of Industrial and Office Properties
(NAIOP) Challenge and the Bank of America Low-Income Housing Challenge
competitions this spring.

 NAIOP Real Estate Development Challenge The NAIOP Real Estate Development
Challenge is a competition between graduate students at UC Berkeley and
Stanford that is sponsored by the San Francisco Bay Area chapter of the
National Association of Industrial and Office Properties. Teams of five
students are given an actual site, for which they must propose the best use,
design, financing, and marketing of a commercial real estate project.

UC Berkeley's 2001 NAIOP Team includes Aimee Einstein, MBA 02; Jonathan
Fearn, Masters of City Planning 01; Chiendao Glasgow, Masters of Architecture
01;Maria Iniguez, MBA 01; and Sara Williams, MBA 02. UC Berkeley's team won
the competition last year bringing the decade-long battle with Stanford to a
tie, five wins for each university.

Proposals are judged by a nine-member jury of real estate professionals in
the areas of development, finance, property management, brokerage, and local
government. This year's site is on Mare Island, a former naval base in
Vallejo, California. Final proposals are presented at an annual luncheon in
May, with hundreds of NAIOP members in attendance. The winning team gets to
keep the prized Golden Shovel (a close cousin of the Big Game Axe) for one
year.

Final presentations take place Thursday, May 3, beginning at 11:30 a.m., at
the Olympic Club in San Francisco. Tickets are $30 for UC Berkeley faculty
and students to attend the lunch and the presentation (this is a discounted
price offered to faculty and students). There is no charge if you are just
attending the presentation.

 Bank of America Low Income Housing Challenge Sponsored by Bank of America,
the BofA Low-Income Housing Challenge is a competition among several west
coast graduate schools, where teams must create a low-income housing
proposal. Each team must identify a viable site, gain community support, and
then design, finance, and market an affordable housing project. A panel of
professionals judges the projects.

This year's team consists of Paul Correa, Masters of City Planning (MCP) 01;
Alexandra Galovich, MBA 02; Shinichiro Ikeda, MCP 01; Christia Mulvey, MCP
01; Bao-Tran Truong, MCP 01; and Madeleine Zayas-Mart, MCP/Masters of
Architecture 02. Final presentations will be held May 4 at 9:30 a.m. at the
Federal Reserve Building in San Francisco (location to be confirmed). Limited
seating is available. Please contact Alex Galovich at
galovich@haas.berkeley.edu for more information.

HAAS EXPERTS ON THE CHALLENGES TO THE ECONOMY AT THE FACULTY ALUMNI COLLOQUIUM
 Four distinguished Haas faculty members will speak on different aspects of
the current economic outlook during the afternoon sessions of the Faculty
Alumni Colloquium on May 5. The event, which is free to all Haas students,
faculty, and staff, brings noted experts on the energy crisis, antitrust
issues, knowledge workers, and the California real estate market to Haas on a
Saturday to share the current research in their areas.

Speakers include: + Michael Katz on "Does the New Economy Need a New
Antitrust?"

+ Ken Rosen on "The National and Bay Area Economic and Real Estate Outlook"

+ Severin Borenstein on "The California Electricity Crisis: Are Policymakers
Learning the Right Lessons?"

+Homa Bahrami on "Managing Knowledge Workers: Perspectives from Silicon
Valley"

Dean Tyson will begin the day with opening remarks. Keynote speaker Patricia
Dunn, BA 75, global chief executive, Barclays Global Investors, will speak on
"Investment Management in an Era of Individual Planning."

The colloquium is Saturday, May 5, 8:30 a.m. to 2:00 p.m. Reservations are
required. If you have any questions please contact Haas School Alumni
Relations or visit http://www.haas.berkeley.edu/alumni/.

HAAS CELEBRATES THE END OF THE YEAR
 Dean Tyson invites all Haas faculty, students, and staff to the annual Haas
End-of-the-Year Party on Friday, May 4, 4:30 to 6:30 p.m., in the Haas School
Courtyard and BankAmerica Forum. Please join your colleagues and peers for
complimentary beer and barbecue to celebrate the end of another successful
and eventful year at Haas.?

This event is also to celebrate the:

* Cheit Awards for Excellence in Teaching (Undergraduate, MBA, Evening MBA,
and Ph.D.) * Haas School Outstanding GSI Awards (Undergraduate and MBA) *
Berkeley Campus Outstanding GSI Awards * MBA Service Awards * Hayase Award  *
The results of the undergraduate Feed the Bear and the MBA Class of 1999
Giving 101% campaigns and, * For the first time, the presentation of the
outstanding staff awards.

GRADUATING MBA STUDENT DEBRIEF WITH DEAN TYSON
 The members of the MBA class of 2001 are invited to a debriefing hosted by
Dean Laura D'Andrea Tyson on May 2, 12:30 to 2:00 p.m., in the Wells Fargo
Room.

Class members are asked to bring ideas and suggestions for change, and also
be prepared to talk about what they liked about their time at Haas. The goal
of the session is to seek student opinions - positive and otherwise - of
their Haas School experience. This debriefing is the second in what Tyson
hopes will be an annual event to help the staff and faculty at Haas
continually improve the academic offerings and student services in the MBA
program.

FACULTY NEWS
PROFESSOR SHAPIRO GOES TO WASHINGTON Carl Shapiro, the Transamerica Professor
of Business Strategy, will testify before the U.S. Senate this Wednesday,
April 25, on the causes of high gasoline prices on the West Coast.

HAAS IN THE NEWS
Six Haas students, Leah Fine, Astrid Maria Dahl, Sarita Jain, Irena
Zakrajsek, Mark Barrett, and Karen Martell, had lunch with Tom Abate, a San
Francisco Chronicle reporter to discuss the students' interest in
biotechnology. The lunch conversation was written up in Abate's column. Read
the full text at
http://www.sfgate.com/cgi-bin/article.cgi?file=/chronicle/archive/2001/04/23/B
U139386.DTL.

The Business Plan Competition was mentioned in Wired News on April 23. Read
the full text at http://www.wired.com/news/print/0,1294,43090,00.html.

Ken Rosen, the California State Professor of Real Estate and Urban Economics
and chairman of the Fisher Center for Real Estate and Urban Economics, was
quoted in The New York Times on April 23. In "New Economy: Amid Ruins,
Bargain Hunting," Rosen commented that it is a challenge for the real estate
market to respond to rapid changes in the economy. Read the full text at
http://www.nytimes.com/2001/04/23/technology/23NECO.html.

David Levine, associate professor in the Economic Analysis and Policy Group
and the Organizational Behavior Group, was quoted in the San Jose Mercury
News on April 22. In the article, "Economic Fog Keeping Executives
Uncertain," Levine commented that before the institution of fair disclosure
rules, executives would talk down earnings to surprise the market. Read the
full text at http://cgi.mercurycenter.com/premium/local/docs/visibility22.htm
.

Dean Laura Tyson was quoted in BusinessWeek on April 19 on the partnership
between the two school's executive education arms that Stanford and Harvard
are exploring.

Severin Borenstein, the E.T. Grether Professor in Public Policy and Business
Administration and the director of the University of California Energy
Institute was quoted on the California energy crisis in the San Antonio
Express-News on April 22; the Dayton Daily News on April 18; the Pittsburgh
Post-Gazette on April 18; the San Jose Mercury News on April 17
http://cgi.mercurycenter.com/premium/local/docs/power041701.htm); and the Los
Angeles Times on April 17
http://www.latimes.com/news/state/20010417/t000032503.html).

Janet Yellen, the Eugene E. and Catherine M. Trefethen Professor of Business
Administration, was quoted in the San Jose Mercury News on April 19 on the
state of the economy. Read the full text of "Whether the Stock Market and the
Economy are Really in Recovery in Hotly Debated," at
http://cgi.mercurycenter.com/premium/front/docs/economy19.htm.

Rosen was also quoted in the Los Angeles Times on April 19 on the possible
effect of the rate change on the economy. Read "Fed Trims Rates in Bold Move
to Avoid Recession" at
http://www.latimes.com/news/front/20010419/t000033165.html.

The Social Venture Competition was covered by Wired News on April 17.
"Berkeley MBAs Harvest Wave Energy" was about the winners of this year's
competition. Read the full text at
http://www.wired.com/news/radio/0,1665,43086,00.html.

HAPPENING AT HAAS
 SPECIAL LECTURE "The Brave New Business Cycle:? Where is the U.S. Economy
Heading?" by William Dudley, managing director of Economic Research at
Goldman Sachs Tuesday, April 24, 2001 ?5:00 p.m. to 6:30 p.m. Cheit Hall,
room C230

 THE HAAS BIOTECH SPEAKER SERIES Martha Amram, Managing Director of the Real
Options Center for Excellence, Navigant Consulting Tuesday, April 24, 2001
6:30 p.m. Wells Fargo Room For more information, see
http://groups.haas.berkeley.edu/haasbio/

 BUSINESS PLAN COMPETITION FINALS Wednesday, April 25, 2001 Reception 6:30
p.m. to 7:00 p.m. Presentations and awards 7:00 p.m. to 9:30 p.m. Sibley
Auditorium  ? Come cheer on the six finalists of this year's competition as
they compete for? $90,000 in cash prizes, their place in UC Berkeley history,
and a chance at founding the NEXT BIG THING. Keynote speaker Nick Sturiale,
MBA 00, will document his own journey from winning the contest in 1999, to
the recent acquisition of the firm he helped found, Timbre Technologies, for
$138 million.? The event will conclude with a chance for your vote to be
heard with a People's Choice Award ($5,000) given to the audience's favorite
team.

MANAGEMENT OF TECHNOLOGY SPRING LECTURE  "Corporate Technology Ventures," by
Max Schroech, Managing Director, Agilent Ventures Wednesday, April 25, 2001
3:45 p.m. to 5:00 p.m.  Wells Fargo Room

UC BERKELEY ENTREPRENEURS FORUM  A Special Evening featuring the Lifetime
Achievement Award: An Evening Honoring William R. Hambrecht Thursday, April
26, 2001 6:30 p.m. Haas School of Business  Arthur Andersen Auditorium
Speakers include Charles M. Geshcke and John Warnock of Adobe Systems; Larry
Sonsini of Wilson Sonsini Goodrich & Rosati; Sanford R. Robertson of
Francisco Partners; and David Morgenthaler of Morgenthaler Ventures. The
Lifetime Achievement in Entrepreneurship and Innovation Award is presented
annually by the Lester Center to recognize the accomplishments of those who
make the San Francisco Bay Area the great entrepreneurial economy that it is
and whose success inspires future generations by the example they set. Bill
Hambrecht is being honored as the developer of the local investment banking
community and the innovative approach to the IPO market he has introduced at
WR Hambrecht+Co.

Information:  For more information on the series, please visit our web site
at http://www.haas.berkeley.edu/groups/lester/bef.html. If you wish to read
more about this particular event, please go to
http://www.haas.berkeley.edu/groups/lester/apr01.html.

 ANNUAL FACULTY DEBATE "Currency Unions in the new Millennium: After Europe,
are Asia and Latin America next? Should they be?" with Richard Lyons and Andy
Rose 4:00 p.m. Friday, April 27, 2001 Arthur Andersen Auditorium Moderator:
Janet Yellen

 NINTH ANNUAL YOUTH VENTURE CAPITAL COMPETITION AT HAAS  Saturday, April 28,
2001  8:00 a.m. to 1:00 p.m.  Wells Fargo Room  For more information on YEAH,
visit www.haas.berkeley.edu/yeah. Please contact Ajuah Helton at 510-643-0923
for more information.

 MANAGEMENT OF TECHNOLOGY SPRING LECTURE  "Wireless Technologies,
Applications and Markets" by Arun Sarin, Former CEO, Airtouch Communications
Wednesday, May 2, 2001  4:00 - 5:00 pm Cheit Hall Room C125

SEMINARS
OBIR SEMINAR  Alicia Boisnier and Didier Guillot, Ph.D. Candidates at the
Haas School Wednesday, April 25, 2001  4:00 p.m. to 5:30 p.m.  Room F318,
Haas School of Business  For more information, contact Charles Montague at
montague@haas.berkeley.edu.

E.T. GRETHER MARKETING SEMINAR  Berkeley-Davis-Santa Clara-Stanford
Colloquium  Thursday, April 26, 2001  2:00 p.m. to 7:00 p.m.  Room S480  For
more information, contact Laura Gardner at lgardner@haas.berkeley.edu.

IDS 270 INSTITUTIONAL ANALYSIS WORKSHOP  "Do Property Rights Facilitate
Intellectual Property Sales?" Dennis Yao, Wharton Thursday, April 26, 2001
4:00 p.m. to 6:00 p.m.  Room C325, Cheit Hall  For more information, contact
Serena Joe at joe@haas.berkeley.edu.

FINANCE SEMINAR  "Risks for the Long Run: A Potential Resolution of Asset
Pricing Puzzles," by Amir Yaron, Univ. of Pennsylvania Thursday, April 26,
2001  4:15 p.m. to 5:45 p.m.  Room C210, Cheit Hall  For more information,
contact June Wong at june@haas.berkeley.edu.

REAL ESTATE SEMINAR  Dr. Gary Painter, University of Southern California
Friday, April 27, 2001  11:00 a.m.  Room C250, Cheit Hall  For more
information, contact Lynn Lobner at lyoung@haas.berkeley.edu.

ACCOUNTING SEMINAR  Thomas Hemmer Friday, April 27, 2001  4:00 p.m.  Room
C325, Cheit Hall  For more information, contact Lorraine Seiji at
seiji@haas.berkeley.edu.

OBIR SEMINAR  "Economic Sociology," by Don Palmer, UC Davis, Sociology
Wednesday, May 2, 2001  4:00 p.m. to 5:30 p.m.  Room F318, Haas School of
Business  For more information, contact Charles Montague at
montague@haas.berkeley.edu.

ET GRETHER MARKETING SEMINAR  Vertical Relationships between Manufacturers
and Retailers: An Empirical Analysis," by Sofia Berto Villas-Boas, UC
Berkeley Thursday, May 3, 2001  3:30 p.m. to 5:00 p.m.  Room C250, Cheit
Hall  For more information, contact Laura Gardner at
lgardner@haas.berkeley.edu.

IDS 270 INSTITUTIONAL ANALYSIS WORKSHOP  "Sender or Receiver: Who Should Pay
to Exchange Message?" by Mike Katz, UC Berkeley?  Thursday, May 3, 2001  4:00
p.m. to 6:00 p.m.  Room C325, Cheit Hall  For more information, contact
Serena Joe at joe@haas.berkeley.edu.

FINANCE SEMINAR  "Money, Interest Rates, and Exchange Rates With Endogenously
Segmented Asset Maketers," by Andy Atkeson, UCLA Economics and Fernando
Alvarez and Patrick J. Kehoe Thursday, May 3, 2001  4:15 p.m. to 5:45 p.m.
Room 608-7 Evans Hall, UC Berkeley  For more information, contact June Wong
at june@haas.berkeley.edu.

REAL ESTATE SEMINAR "An Empirical Test of a Two Factor Mortgage Prepayment
and Valuation Model: How Much do House Prices Matter?" by Nancy Wallace, UC
Berkeley Friday, May 4, 2001 11:00 a.m. Room C250, Cheit Hall For more
information, contact Lynn Lobner at lyoung@haas.berkeley.edu

 ALUMNI EVENTS
 East Bay Chapter Event  Homebuyer and Seller Workshop  Saturday, April 28,
2001  10:00 a.m. to 1:00 p.m.  Arthur Anderson Auditorium, Haas School of
Business  Cost: $7.50 pre-registration  $10 late/on-site registration
Register by April 23 at http://www.acteva.com/go/eb-alumni  Or send a check
payable to HAN East Bay to: Eliot Minor, 112 Shadowood Dr., Pleasant Hill, CA
94523.  For more information, contact Eliot Minor at
eliotminor@mindspring.com or 925-685-3487

South Bay Chapter Speaker Dinner  "Forecasting Made Easy - Investing in
Today's Dynamic Markets" by Ken Fisher, chairman and CEO of Fisher
Investments, Forbes columnist, and investment expert  Wednesday, May 9, 2001
6:00 p.m.-- networking/cash bar  6:30 p.m. -- dinner  7:30 p.m. -- speaker
Four Points Sheraton, Sunnyvale  Cost: $40 pre-registered through May 3, $50
after May 3 & at the door  Ken Fisher is best known for his prestigious
Portfolio Strategy column in Forbes, where his 17 year tenure of high profile
calls makes him the sixth longest running columnist in Forbes' 83 year
history. In three of the last six years, his annual S&P 500 forecasts have
been the most precisely accurate nationally published forecast from any
source, including brokerage firms and periodicals.  To register by web:
http://www.acteva.com/booking.cfm?binid=1&bevaID=13935  For more information
call the South Bay Hotline at (408) 235-9363 or email Richard Falk at
Richard.Falk@efi.com.

HAAS CELEBRATIONS  Birthdays  Hannah Yoshi, April 23

The Haas NewsWire respects the wishes of staff and faculty who would not like
their birthdays announced. Please e-mail a request to have your birthday
marked "do not announce" on the central birthday list to
Haasnews@haas.berkeley.edu.

The Haas NewsWire is the electronic news weekly for the Haas community
published every Monday by the Marketing and Communications Office at the Haas
School. Send your news, feedback, and suggestions to
Haasnews@haas.berkeley.edu. To subscribe to Haas NewsWire, address e-mail to
majordomo@haas.berkeley.edu; in the body of the message type "subscribe
haasnewswire" in the first line, and "end" in the second line. To unsubscribe
to HNW, type "unsubscribe haasnewswire" in the first line, and "end" in the
second line. Archived issues of Haas NewsWire are available online at
http://www.haas.berkeley.edu/groups/newspubs/haasnews/archives/hncurrent.html
.


The MTBE plant will continue operating at lower production rates of
approximately 8 MBD to 9 MBD until April 6 or 7 at the earliest.  It will
possibly be mid-April before full production can be resumed.  This is the
result of the steam boiler problem experienced on Friday, March 24.  When
more information is available, this will be updated.


I met with Johnny R. Fern?ndez, Esq., Executive Director of Codezol, C.D. (Corporaci?n para el Desarrollo de la Zona Libre de Ponce, C.D.).  Codezol, C.D. is the Foreign Trade Zone #163 at Ponce, PR.  I requested information regarding the license to operate a sub zone under the Foreign Trade Zone #163.

Codezol presents the application form to the Free Trade Zone Board in Washington.  The paperwork needed is very extensive, requires specific information and is prepared by a law firm that is specialized in these matters.  He recommends two law firms: Miller & Company, Marshall V. Miller in Washington, DC which as per Codezol is the more experienced in these matters and Phelan & Mitri from Connecticut which where the ones that helped Peerless Oil & Gas get their sub zone.

A good start would be a letter from us which should include our location, legal description of the property, the exact a creage, number of tanks and their capacities, if we are a local company or subsidiary of a US firm.

When I mentioned to Mr. Fern?ndez if we can have a sub zone for ProCaribe and EcoEl?ctrica he doesn't see much problem but he needs to know more details of ProCaribe and EcoEl?ctrica to see if we can ask for one or two sub zones.

BENEFITS OF A SUB ZONE

v	No import tax "Crudita" paid until the sale is done.  You don't pay "Crudita" while the propane is in our tanks or when there is a re export.  It helps with the cash flow.

v	You don't pay personal property tax.  ProCaribe pays around $150,000 per year.

v	You don't pay "Patentes" (%of yearly revenue tax) for any volume of re export.  Only for local sales. 	Patentes are paid to the Pe?uelas Municipality.

Fees of around $25,000 per year have to be paid to Codezol.

Weekly reports of inventories have to be sent to Codezol.  Facilities inspections will be held by Codezol, Crim, and US Customs prior to receiving the license.

The process can take from 9 months to 12 months.  It is faster in products like propane and natural gas, is slower in products like diesel or gasoline.

I spoke with Suzanne Clapp and she told me she doesn't have experience in free trade zones.  She mentioned the name of Armando Lima that can put us in contact with the Free Trade Zone personnel in Puerto Rico.

It took Peerless 14 months to get the sub zone because there was some "prejudice with oil during the Clinton Administration".  It costs them $60,000 in legal fees and it was done by Phelan & Mitri.

Marshall Miller did the Codezol license and it cost $40,000 in legal fees but it was much less work than the one done by Peerless.

As per Mr. Fern?ndez, the next step is a short history of us so he can understand who we are and what we do.

Any questions please let me know so I can pass it on to Codezol.

Saludos


Daren/Carlos:

 I did not receive any more customer nominations. Therefore, the attached
file should not have changed from what was provided to Carlos last week.
Please let me know if you have any questions,

 Thanks, SCS x 33321
---------------------- Forwarded by Susan Smith/HOU/ECT on 12/20/99 11:23 AM
---------------------------

Vance L Taylor
12/17/99 04:07 PM
To: Susan Smith/HOU/ECT@ECT
cc: Melissa Graves/HOU/ECT@ECT
Subject: January Production Estimate

Susan,

Please see the attached file for January's production estimate.  This is
pretty much the final estimate except that I have calls in to Costilla &
Walter (Superior).  They both said that they would fax their nom once it was
complete.  Hopefully this will be by Monday.  If not, all of the traders have
reviewed the estimate and made their changes.  I feel pretty confident that
this is a good number.  However, if your should receive any noms before
Monday at noon, please update the file and send it to Carlos and Daren.

Thanks and Merry Christmas to you and yours!

vlt
x3-6353


hey, you need to let me know what you want done with  your meat


Kay, we are working on the Bogey Exhibit and the Profit/Savings Calc.  Will get back with you re: items 1d. and 2.

See assignments and comments in red.  Reagan/Kayne/Dave/Jeff responses due to Kay by noon today.

1)	General comments -
a)	We have not seen a draft of the MPPSA or the MGPSA for review and comment. Kay
b)	All section references in the draft should be reviewed and checked.  The majority of the references checked were incorrect. Kay
c)	Since financial security is still an outstanding issue, all comments regarding the provisions in the draft pertaining to that subject have been excluded.  Kay
d)	The draft contains references throughout to exhibits that will be attached to the agreement that were not included in the draft.  See bleow.

2)	Article 1, pages 6 and 7 - Profit and Savings: These definitions reference exhibits that were not included in the draft.   One of the most significant issues we had with the prior drafts were with the definition for "savings" so it is important to review a draft of these exhibits as soon as possible.   Reagan/Kayne/Dave/Jeff to chech with Marvin.  He should have forwarded exhibits with everything else.  time is running out on them to do anything here.  Will report more on this issue.

3)	Section 3.1(b): This section obligates EPMI to "Propose" a load projection and stack model.  Should this say "Prepare" as opposed to "Propose".  "Prepare" is fine.

4)	Section 3.1(c): First line refers to a "request by Customer".  Customer is not defined, is this intended to refer to MDEA?  If not, include a definition of Customer.  "...upon request by Customer" is not necessary.  This has already been done.

5)	Section 3.2(a): Provides that EPMI will use "commercially reasonable efforts".  The draft does not include a definition for this term.  Suggest including a definition since this standard is used throughout the draft.  Kay

6)	Section 3.2(a): Suggest adding the following phrase in the second line after "schedule Products", "in a manner intended to minimize the cost of serving MDEA's native load".  Adding this seems fine; however, are there any legal implications, Kay?  If not, add it in.

7)	Section 3.2(c): Line 3 refers to Cajun and EPI, which are not defined in the draft.  Suggest including definitions or inserting the phrase "Existing Contract Resources" in place of "SEPA, Cajun, EPI".  The substitution is fine.

8)	Section 3.2(h): Line 1 provides "EPMI will optimize scheduling and usage or resale (when appropriate)".  Would suggest deleting "when appropriate" and inserting "(in accordance with the terms and conditions of each Existing Contracted Resources contract)".  The suggested change is OK.

9)	Section 4.1(a): Line 1 requires MDEA to operate and maintain its native load distribution system in accordance with Prudent Operating practices?.".  Would suggest deleting the phrase "and the Native Load distribution system".  This agreement does not bear on how the cities would operate and maintain their distribution systems.  Reagan/Kayne/Dave/Jeff
[Rorschach, Reagan]  (a)	Operate and maintain the Facilities and Entergy interconnection obligations in accordance with Prudent Operating Practices and in accordance with the terms of this Agreement.
(b) Responsibilities for operating reliably with respect to Native Load lies solely with MDEA and the Cities.

10)	Section 6.4: The fourth sentence states " due to the use of imprecise data such as weather reports, heat rate estimates and the like, it is understood between the Parties that the resulting projections, recommendations and daily plan are consistent with commercially reasonable industry practices".   According to this provision, the parties agree in advance that the resulting projections, recommendations and daily plans are consistent with commercially reasonable industry practices.  We believe that the "use of that type of data" is consistent with commercially reasonable industry practices, but do not believe that that this automatically translates into the projections themselves being consistent with commercially reasonable industry practices.  Text should be changed as appropriate to reflect this change.  Reagan/Kayne/Dave/Jeff
[Rorschach, Reagan]  Section 6.4	Each day, EPMI shall provide a projection of the next day's Native Load, and project the need for gas, fuel oil and power. Each day, EPMI and MDEA shall jointly run the Load Projection Model and the Facility Stack Model.  EPMI and MDEA will then (1) compare and verify assumptions and results from the models, (2) develop recommendations and (3) decide upon the operating plan for the day.  This analysis will take into account such considerations as weather conditions, business day/weekend and holiday load conditions, historical loads, gas/power pricing, unit availabilities, unit operating data, and prior commitments to buy and sell power. The Parties understand and agree that the development of the projections, recommendations and daily operating plan is complex and requires an element of judgment.  Further, it is understood that the use of imprecise data such as weather reports, and heat rate estimates to make such projections, recommendations and daily plan are consistent with commercially reasonable industry practices.

11)	Section 7.1: Second sentence provides "Risk of loss and all price and unit contingency and transmission risk shall be borne by Customer".  Suggest adding the phrase " For Back to Back Transactions" at the beginning of this sentence.  MDEA should not be responsible for unit contingency, transmission risk etc. for an EPMI Transaction.    Reagan/Kayne/Dave/Jeff
[Rorschach, Reagan]  Delete the sentence "Risk of loss...shall be borne by the Customer."

12)	Section 10.2(a): Line 3, change " MDA" to "MDEA".  Kay

13)	Section 14.6: Line 3, change "and the MPPSA" to "the MPPSA and the MGPSA".  Kay

14)	Section 15.1(d): provides three business days written notice to the defaulting party to cure a Financial Event of Default, otherwise the agreement can be terminated.  Three days is too short of a time period for MDEA.  Kay/David Hunt

15)	Section 17.1: Second sentence, provides that an independent auditor reasonably acceptable to EPMI is entitled to audit all books and records of EPMI.  However this provision goes on to state that EPMI shall be entitled to audit MDEA's books, not an independent auditor subject to MDEA's approval. Suggest deleting "EPMI shall be entitled to audit" and adding "An independent auditor reasonably acceptable to MDEA".  Kay

16)	Article 28: As we have previously noted, this section contains language related to conflict of interest issues and the lack of notification related to conflicts of interest that should be read carefully reviewed by MDEA and the Cities.  Kay/David Hunt


Thanks Harry.  This is important and we've discussed making sure that Neil
and Jubran (and you, for that matter) be included in any distribution that
includes ENA West.  Consider it done.  Unless others have any problems, I
suggest that going forward any emails, materials, phone conversations, etc.
that include ENA also include EES.  I don't think that we have any legal
issues associated with including both ENA and EES, but if I'm missing
something, please let me know.  Thoughts?

	Harry Kingerski
	11/13/2000 08:45 AM

		 To: Jeff Dasovich/NA/Enron@Enron, Susan J Mara/SFO/EES@EES, Mona L
Petrochko/NA/Enron@Enron, Mary Hain/HOU/ECT@ECT
		 cc:
		 Subject: EES Wholesale Desk and California

Neil Bresnan and Jubran Whalan are in Dennis Benevides' group and are
assigned to California.  Neil contacted me and asked that he and Jubran be
brought into all the loops on how we are handling wholesale issues in
California.  They are somewhat disturbed that they are not getting the same
access to information and influence as ENA West Desk.  I know I have
underestimated their need for independent involvement, but can we immediately
start involving them in everything  - through e-mails, conference calls,
request for comments, etc.

Jeff - could you call me with any particular strategy you think we should
follow here - meetings or whatever.  Thanks.


Carol St. Clair
EB 3889
713-853-3989 (Phone)
713-646-3393 (Fax)
carol.st.clair@enron.com
----- Forwarded by Carol St Clair/HOU/ECT on 05/30/2001 01:50 PM -----

	Carol St Clair
	05/29/2001 01:35 PM

		 To: "Falconi, Jack (TIFS)" <Jack.Falconi@guarantygroup.com>@ENRON
		 cc: Ken Curry/Enron@EnronXGate
		 Subject: RE: Meeting

Jack:
I will send you an open issues list shortly.  I considered items # 2,3,4,6,
9, 12, 17, 18, 19 and 21 to be credit-related comments, some of which I need
my credit person's input on.  As to the remaining points, here is my response:

1. Let's discuss exactly what language you want in item #1 as I agree with
you on the concept.

2. With respect to item #7,  your interpretation is correct.

3. I am not clear on what your point is in items #9 and 21.  As a general
rule, with respect to setoff rights, to the extent that ENA is the
Non-Defaulting Party and ENA's affiliates have entered into other agreements
with Inland Paperboard and Packaging, amounts owed under those affiliate
agreements can be setoff against amounts owed under the ISDA.  All the
guaranty is trying to say is that the amount guaranteed under the Guaranty
takes into account the exercise of such setoff rights.

4. I'm not sure I understand your point #10.

5. I agree with your point #13.

6. With respect to point #14, collateral is limited to cash and LC's and the
concept of a custodial account applies when someone other than the Secured
Party is holding  the cash collateral.

7. With respect to point #19, we want the ability to convert the LC into cash
collateral when an Event of Default occurs even if we have not yet terminated
all transactions.  Once we have terminated and established a termination
amount, we would only draw to cover that amount if we didn't draw earlier.

8. The "deemed occurrence" language  is meant to cover termination events
that occur automatically without either party electing to terminate, such as
in a bankruptcy scenario where automatic early termination is elected.  We
could probably take it out since there is no automatic early termination on
bankruptcy.

I look forward to hearing from you.  My credit person is out this week, but
maybe you and I can make some progress.

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

	"Falconi, Jack (TIFS)" <Jack.Falconi@guarantygroup.com>
	05/29/2001 10:16 AM

		 To: Carol.St.Clair@enron.com
		 cc:
		 Subject: RE: Meeting

Hi Carol -
Sorry for the delay.  The "credit person" at Inland is probably Julie Beck,
although she can naturally be overruled by the Temple-Inland Treasurer, Dave
Turpin, or CFO Randy Levy, since Temple-Inland will be obtaining the letter
of credit and will serve as guarantor.  Since they are at least one step
removed from the process, if you could tell me what questions/comments from
my 5/16 memo they will need to address, and ideally your
responses/commentary in some summary format, I can upstream this information
to them, obtain their feedback, and speak on their behalf.
Thanx,
Jack Falconi

-----Original Message-----
From: Carol.St.Clair@enron.com [mailto:Carol.St.Clair@enron.com]
Sent: Thursday, May 24, 2001 3:57 PM
To: Jack.Falconi@guarantygroup.com
Subject: Meeting

Jack:
My assistant will be calling you to set up a time next week when Ken Curry
and I can discuss your comments with you and your credit person.  Her name
is Suzanne Adams.

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


Tammi attached is a redline version of the draft with changes per credit to
the "Material Adverse Change" found in Appendix "1",   I have also changed
the date of the agreement.

With regards to Section "4.7" found in the sample,  this does provision does
not apply to Texican's agreement and therefore disregarded.

Debra Perlingiere
Enron North America Corp.
Legal Department
1400 Smith Street, EB 3885
Houston, Texas 77002
dperlin@enron.com
Phone 713-853-7658
Fax  713-646-3490


Sara,
This would be ENA.  I want to talk to Shane because it says "JP Morgan online FX system" but the agreement is with Chase.  With Chase, we would only be requesting Online trading functionality for an existing counterparty relationship.
Sheila

-----Original Message-----
From: Shackleton, Sara
Sent: Monday, October 01, 2001 11:30 AM
To: Glover, Sheila
Cc: Heard, Marie
Subject: FW: Access Agreements

Sheila:  Please send your usual message on this one.  I assume it is for ECT Investments Inc.
Thanks.  Sara

-----Original Message-----
From: Dallmann, Shane
Sent: Monday, September 24, 2001 8:45 AM
To: Shackleton, Sara
Subject: FW: Access Agreements

Sara,

We are setting up access to JP Morgan's online FX system. These are the documents they sent us to get signed before they will give us access. Are you the correct person to send them to?

Regards,
Shane

-----Original Message-----
From: CLAIRE.BURLEY@chase.com [mailto:CLAIRE.BURLEY@chase.com]
Sent: 18 September 2001 17:36
To: Dallmann, Shane
Subject: Access Agreements

---------------------- Forwarded by Claire Burley/CHASE on 18/09/2001 17:35
---------------------------

Tracey Tommasini
18/09/2001 13:37

Legal Department  +44 (0)20 7777 4880    Fax Number: +44 (0)20 7777 4758

To:   shane.dallman@enron.com
cc:   Claire Burley/CHASE@CHASE, Anna Bell-Booth/CHASE@CHASE
Subject:  Access Agreements

At the request of Claire Burley, attached please find the:

          Access Agreement
          ChaseFX - Electronic Trading Service
          Additional Terms Covering FX Transactions
          Authorized Users - Single FX Trade
          NetMatch Schedule
          NetMatch Authorized Users

between Enron North America and The Chase Manhattan Bank.

Please  note  that the attached documents can be viewed and printed but not
edited.  Please print, review and complete the Address for Notices which is
located  on page five of the Access Agreement as well as the Designation of
Authorized   Users   Form(s)   and  have  an  authorized  officer  of  your
organization  sign  each  of  the  agreements  and return two (2) hard copy
executed agreements to the attention of Tracey Tommasini, Legal Department,
The Chase Manhattan Bank, 125 London Wall, London  EC2Y 5AJ, United Kingdom
for further execution.

Please provide an incumbency certificate signed by the Corporate Secretary
for the person or persons who sign the agreements and form.

Should  you have any questions, please contact Andrew Hamper on +44 20 7777
1803.

Tracey Tommasini
Assistant

1.   (See attached file: Access Agreement (US law).doc)
2.   (See attached file: Chase FX Electronic Trading Service.doc)
3.   (See attached file: Additional FX Terms.doc)
4.   (See attached file: Authorized Users-Single FX Trade.doc)
5.      (See    attached    file:   NetMatch   Schedule   with   Settlement
Instructions.doc)
6.     (See  attached  file:  NetMatch  Authorized  Users  with  Settlement
Instructions.doc)


The 2000 Enron Management Conference is quickly approaching.  This year's
theme, "Reinventing Enron ... Again," recognizes Enron's 15 year history and
celebrates our legacy of innovation.  While details of the agenda are still
being finalized, we know that we want to kick off the conference with a video
that captures our history, specifically stories about reinvention and the
many successes Enron has achieved.

The concept for the video will bring all of you together at one time, in a
casual atmosphere, to candidly reminisce and share anecdotes about the
milestones that we've reached.  While you will be taped recalling stories of
Enron breaking new ground or breaking the rules, employees helping to drive
our business today will be taped separately and incorporated into the video.
They,ll focus on where the business is now and where it,s likely to be in the
future.

We want each of you to feel at ease recounting your favorite Enron stories,
so we're working to create a taping environment that is especially
comfortable.  We anticipate taping in the late afternoon or early evening at
an offsite location.  Marge Nadasky will contact your office soon to begin
coordinating logistics.  In the meantime, think about the history that you
want captured on video.

If you have any questions or thoughts, feel free to contact me at 3.7727 or
via e-mail.

Terrie James
Sr. Director, Corporate Communication
Enron Broadband Services
713-853-7727 (phone)
713-646-8887 (fax)
terrie_james@enron.net


Louise

Have been thinking about you over the past few weeks and hope that you and
Marcus are OK.

I missed the last posting date to the States by weeks so am sending you an
e:Christmas message.    Hope you all have a great time - having a little one
makes a big difference to Christmas - Milly is so excited, but we are even more
excited about seeing her face when she opens her pressies and sees that Santa
has eaten his mince pie!!

Would be really good to see you in the New Year - all the best for 2002.

Love from Ches, Media Star and Milly Moo

e:mail at home - munros@easynet.co.uk

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Calif. power bond delay may lead to large deficit
NEW YORK, Sept 27 (Reuters) - California state Treasurer Philip Angelides said Thursday the state could face a $9.3 billion budget deficit in the 2002-2003 fiscal year if $12.5 billion of power bonds are not sold before July 2002.
The treasurer is certain the bonds will be sold, but he released the figures in an attempt to pressure the California Public Utilities Commission (PUC) into actions it must take in order to sell the bonds.
"What I am concerned about is the fact this law has not been effectuated eight months after it was passed," Angelides said in a telephone news conference in Sacramento, referring to a law passed in February setting the biggest municipal bond sale ever in motion.
The state depleted its general fund by at least $6.2 billion buying electricity to keep power flowing and must sell the bonds in order to refill the state's general fund and make future power purchases.
"There can be no schedule (for the bond sale) until the PUC completes its work," Angelides said.
Earlier this week the PUC said the much-delayed meeting is now set for Oct. 2.
Angelides said PUC Commissioner Jeff Brown, one of five, is on board to make the vote, but President Loretta Lynch and other commissioners, "are not ready to act."
Lynch said earlier this week that she wants more time to work out details with Angelides and the Department of Water Resources concerning the money and terms of the rate order and rate agreement.
How the money from rate increases approved in May will be split up to pay for the bonds and to reimburse troubled power utilities and giving the Department of Water Resources the authority to sell the bonds, still need to be decided by the PUC.
Angelides is projecting a $3.1 billion budget deficit for the 2002-2003 fiscal year, even if the bonds are sold in time, due to reduced revenues as the overall U.S. economy slows.
In a worst case scenario, Angelides added that with the bond sale, the $3.1 billion gap may grow to $4 billion, while a late sale would push the $9.3 billion number to $10.2 billion.
The treasurer painted a dire picture of California 's budget if the bonds are not sold, likening it to the state's budget problems of the early 1990s.
Angelides warned a 2 percent sales tax increase might have to be put in place, or possibly a $1,574 per student cut in state K-12 education spending.
Or, the state could drop all spending on the University of California and California State University and save $6 billion.
Eighteen percent of the state's non-education budget would need to be cut if the bonds are not sold, he said.


This memo follows up on our discussion this morning.

With respect to the 15 million of increased VAR that the Board allocated to
Rick Buy and Jeff Skilling I propose the following:

1.  5 Million be allocated to EES and therefore remove EES's positions from
the Wholesale gas and power groups (This has already been done).

2.  Move the control and decision making of 5 Million of VAR each to the
trading heads of North America (Lavorato) and Europe (Sherriff).

3.  With respect to North America I intend to create a group called the
"Cross Commodity Trading Group" which will warehouse the 5 Million of VAR and
use it as it sees fit (I will run this group and currently be the only
employee).  This will start out as an administrative structure to use if we
need to throw more VAR at certain positions (I see the individual trading
groups staying within their VAR limits).  However, I do see the need for a
true cross commodity group that would search for low risk / high probability
trades accross the commodities that we trade.  This structure may help to
start us down this path.

Please let me know what you think.

John


I met yesterday with Guillermo Vogel, CEO of Tamsa.( 110 MW).
He was interested in receiving a proposal from Enron, based on an import of power scheme.
He offered me to give us a quick response, on whether they are seriously interested.
He will be out of the country for two weeks, and told me he will be ready to review our deal then.
The steps are as follows:
			1) Mr Gustavo Rosas (from their Veracruz site) will provide all the information we require.
		                He called me today, and is preparing the information. (Mr Rosas phone no. 2989-1100 x 4006)
			2) Marc should call Mr Rosas next Monday 9, confirm all the information that I requested,
	                           and schedule a visit to Veracruz next week, since Mr Rosas wants to meet us there.
			3) Prepare a proposal with 10 and 15 years prices, that we should deliver in two weeks time.
So far, it looks promising.
	Regards,	jaime____


FYI.

-----Original Message-----
From: Cooper, Tammy [mailto:Tammy.Cooper@puc.state.tx.us]
Sent: Friday, February 16, 2001 5:13 PM
To: 'Mwalker@ercot.com'; 'tanson@smklaw.com'; 'ltownsend@lglawfirm.com';
'john.tempesta@austinenergy.com'; 'bob.kahn@austinenergy.com';
'deena.jordan@neg.pge.com'; 'skroger@mdck.com'; 'rchapman@tlsc.org';
'akennerly@worsham.net'; 'mcarroll@texas.net';
'barry.huddleston@dynegy.com'; 'dgross@texas.net';
'jay.golub@bakerbotts.com'; 'aholman@lockeliddell.com';
'jcheckley@lockeliddell.com'; 'dljones@cps-satx.com';
'brsmith1@aep.com'; 'pratt@csw.com'; 'pzeis@tnpe.com';
'read.comstock@worldnet.att.net'; 'msmith@highvoltagelaw.com';
'ktrostle@highvoltagelaw.com'; 'cmcginnis@mcginnislaw.com';
'nnease@bbraustin.com'; 'gas@bbrlaw.com'; 'jocampbell@stec.org';
'psegrest@worldnet.att.net'; 'sburger@lcra.org';
'jboyle@jimboylelaw.com'; 'mdavis@bbraustin.com';
'dpederson@bbraustin.com'
Cc: Adib, Parviz; Rogas, Keith
Subject: FW: ERCOT Protocols
Importance: High

Below is an e-mail from professor Hogan that will be filed shortly.  In
addition, we have included his presentation handed out yesterday.  Finally,
you will find a copy of Order No. 9 filed this afternoon.

-----Original Message-----
From: William Hogan [mailto:william_hogan@harvard.edu]
Sent: Friday, February 16, 2001 10:17 AM
To: pat.wood@puc.state.tx.us; judy.walsh@puc.state.tx.us;
brett.perlman@puc.state.tx.us
Cc: keith.rogas@ouc.state.tx.us
Subject: ERCOT Protocols

February 16, 2001
Public Utility Commission of Texas
Sent via email

Commissioners,

         Once again, I thank you for the courtesy of including me in
yesterday's PUCT workshop on the ERCOT protocols.  It has been my
experience that such open discussion of market design issues, with full
pursuit of any problematic features, is essential in achieving a successful
electricity market.  Unfortunately, the subject is complex and the details
matter.  It is not possible to anticipate every problem, but the evidence
shows that ignoring obvious problems in the hope that the rules can be
easily adapted has not been a successful strategy.  This makes what you are
doing all the more important.

         On reflection after the workshop, I am more concerned about the
argument that emerged about the role of the ISO.  In many instances, to
explain away problems of the type identified by Shmuel Oren, an argument
was made that some administrative rule along with discretionary choices of
the ISO would counteract perverse incentives created by the pricing
system.  If this argument were correct, it would seem to place a
substantial burden on the ISO to undo what the pricing incentives have
done.  When faced with such conditions in California and elsewhere, the ISO
developed a more and more intrusive role in what became less and less of a
market.  To make this unhappy practice part of the official design, to the
point that the ISO is expected to ignore the information in schedules and
do what is right, would seem to be especially problematic.  At a minimum,
it would make the ISO responsible for any difficulties that develop,
without giving the ISO the market tools to avoid the problems.

         Commissioner Wood asked at what point how a coordinated spot
market would differ from the ERCOT protocols.  We pursued the most
important feature--eliminating the balanced schedule requirement--but did
not have time to pursue all the other details.  The presentation I handed
out contains a summary of the key features on page 20.  After the workshop,
I received an email with a recent presentation by John Chandley, a
colleague of mine, that addresses the issues of market design with a focus
on California.  As I indicated in Austin, there are important differences
between ERCOT and California, but on the matter of wholesale market design
there is a great deal in common, such as requiring balanced schedules,
relying on congestion zones, applying different treatment for different
kinds of congestion, using ad hoc pricing rules, and so on.  John's summary
of the recommended reforms for California would apply in large part to the
ERCOT protocols.  I have attached a copy of this presentation for your
information.

         I remain both impressed with all that you have accomplished to
date, and worried that fundamental assumptions in the market design will
recreate problems that we have seen elsewhere.  My recommendation to adopt
a coordinated spot market more like PJM won't solve all problems, but it
would go a long way.  Whatever the difficulty now, it will be much harder
to fix these problems later.  Furthermore, the coordinated spot market role
for the ISO is much more robust.  If the simplifying assumptions of the
ERCOT protocols are true (which I doubt), the coordinated spot market will
end up looking much like the zonal model with a few constraints and easy
bilateral trading.  But if the ERCOT assumptions are wrong, the ERCOT
protocols will face serious problems and the coordinated spot market would
be a solution.  Furthermore, we now know from experience that the
coordinated spot market is neither more complicated nor more expensive than
the alternatives.  The sooner you make a commitment in Texas to adopt this
successful market design, the better.

         I offer these further remarks as I did my comments yesterday, in
the hope that you succeed.  I would be happy to discuss these matters
further, as you decide.

Best Regards,

William W. Hogan
79 John F. Kennedy Street
Cambridge, MA 02138

p.s.  I do not have the mailing list for the workshop participants, but I
have sent a copy of this email to Keith Rogas of the PUCT and I assume he
can forward to the participant list.

William W. Hogan
John F. Kennedy School of Government
Harvard University
79 John F. Kennedy Street
Cambridge, MA 02138
617-495-1317 (o)
617-495-1635 (f)
william_hogan@harvard.edu
http://ksgwww.harvard.edu/people/whogan

 - puct0216.doc
 - Infocast - SanDiego Power Crisis 2-13-01.ppt
 - puct0215.pdf


Attached are redlined versions of an amended and restated LLC agreement and
an amendment to the Administrative Services Agreement.  I decided to simply
amend the Admin. Agreement since the change was so minor.  You will note that
the changes in the LLC Agreement were solely to accommodate the revisions
made in the Capacity Allocation Agreement which I forwarded earlier.  Please
call if you have any questions.


We need a decision from the Business Units regarding the recommended (or
standard) reporting / analysis tool for ENRON's SAP Data Warehouse.  This
decision will be made by consensus (or at least by a majority of the Business
Units).

We need both the correct Business and IT decision-makers to attend this
meeting.  If you are not one of these people, please forward this invitation
to the correct individuals in your Business Unit and ensure that they attend.

This meeting will take place on Thursday, June 8th from 12:30 to 4:30 p.m. in
Conference Room EB46C1.

We have arranged to have both the BRIO and Business Objects vendors conduct
demonstrations of their end-user reporting and analysis tools, plus their IT
development tools.

Following the meeting, each attendee will be asked for their recommendation
on the "corporate standard" package.  NOTE:  Individual Business Units can
select (and purchase) the reporting/analysis tool of their choice, if it
differs from the standard selected.

Please RSVP on this invitation so we know how many attendees to expect.
Also, let me know if you have any questions.

Thank you, Pat Cagney
Phone 713 853-9047
Pager 888 629-6248


Content-Transfer-Encoding: quoted-printable
Date: Mon, 07 May 2001 16:00:17 -0500
From: "Tracey Bradley" <tbradley@bracepatt.com>
To: "Justin Long" <jlong@bracepatt.com>, "Paul Fox" <pfox@bracepatt.com>
Cc: "Dan Watkiss" <dwatkiss@bracepatt.com>, "Ronald Carroll"
<rcarroll@bracepatt.com>
Subject: Calif. Gov. says near deal to buy SDG&E power grid
Mime-Version: 1.0
Content-Type: text/plain; charset="us-ascii"
Content-Disposition: inline

FYI

Monday May 7, 4:37 pm Eastern Time

Calif. Gov. says near deal to buy SDG&E power grid

LOS ANGELES, May 7 (Reuters) - California Gov. Gray Davis, seeking to piece
together a takeover of the state's power transmission grid, said Monday he
hoped to have an agreement by the end of the week to buy the high voltage
power lines owned by Sempra Energy (NYSE:SRE - news) utility subsidiary San
Diego Gas & Electric (SDG&E).

``I think that will be resolved, hopefully before the week is out ... I
believe we are very, very close to resolving that issue,'' Davis told a news
conference here.

Davis has made state ownership of the transmission grid a key part of his
plan to solve the state's energy crisis and revive its three cash-strapped
investor owned utilities.

SDG&E owns about 1,800 miles (2,897 km) of transmission lines. The deal is
believed to be priced at roughly $1 billion plus the assumption of around 200
million of debt, which equates to around 2.3 times book value

Davis has reached a tentative agreement to buy Edison International (NYSE:EIX
- news) unit Southern California Edison's transmission grid for $2.76
billion, also roughly 2.3 times its book value.

Similar talks to buy the grid belonging to San Francisco- based Pacific Gas
and Electric Co., a unit of PG&E Corp. (NYSE:PCG - news) collapsed in early
April when the utility put itself into voluntary bankruptcy protection.


Jeff,
??????? The Yellow Book is in the mail. I read it over the weekend and found
it to be a very good backgrounder for this whole thing. Thanks for lending it
to me, and thanks again for your time Friday.

??????? A followup question: You had told me Friday that the arrival of QF's
and other non-utility generators, including plants in neighboring states, had
large customers chomping at the bit for competition, but frustrated because
the big IOUs still controlled the grid and held the customers captive. But
the Yellow book said that already some large customers had found ways to
bypass the IOUs and get direct access/retail wheeling.

??????? Could you explain?
??????? Thanks,
??????? Dale.
PS - Please don't forget to call Steve Kean to let him know I'll be calling
him. Thanks.


Kim:

I wonder if you can get the scoop here.  Why would Tucson sell to Phelps
Dodge at a below market?  Are they doing it for jobs, etc.?  Let's discuss.

C

---------------------- Forwarded by Chris H Foster/HOU/ECT on 03/30/2001
09:24 AM ---------------------------

Christopher McKey
03/29/2001 08:48 AM
Sent by: Christopher McKey
To: Chris H Foster/HOU/ECT@ECT
cc:
Subject: PD

In case you hadn't seen this. Your thoughts?

CM
---------------------- Forwarded by Christopher McKey/FRA/ECT on 29/03/2001
17:48 ---------------------------

Thomas Boettcher@ENRON
29/03/2001 16:39
To: Christopher McKey/LON/ECT@ECT, Michael Farmer/EU/Enron@ENRON, Joe
Robertson/NYC/MGUSA@MGUSA
cc:
Subject:

16:36 29Mar2001 TEP, Phelps Dodge Sign Long-Term Power Contract <UNS.N>

TEP, Phelps Dodge Sign Long-Term Power
Contract
   TUCSON, Ariz.--(BUSINESS WIRE)--March 29, 2001--Tucson Electric
Power Co. (TEP) has signed a five-year wholesale contract to supply 60
megawatts of electricity to Phelps Dodge Energy Services.
   The contract calls for TEP, beginning in March of 2001, to supply
the power at all times except during the company's peak customer
energy demand periods from July through September of each year.
   TEP Chairman, President and Chief Executive Officer James S.
Pignatelli said the contract is an important one for both companies.
"This agreement provides a comfort factor for Phelps Dodge as it plans
ahead for its energy needs," Pignatelli said. "And for TEP, the
contract provides a stable, profitable margin for five years and a
solid boost to our financial outlook in a volatile energy market."
   Pignatelli said the company expects the agreement to generate
revenues of about $30 million annually.
   The contract gives Phelps Dodge the option of receiving the power
at several of its operations outside TEP's service territory. Under
the contract, TEP also can interrupt delivery of power to Phelps Dodge
if the utility experiences significant loss of any electric generating
resources.
   Separate from this agreement, the Phelps Dodge Sierrita copper and
molybdenum mine south of Tucson is a TEP retail customer.
   TEP is the primary subsidiary of UniSource Energy Corp.
(NYSE: UNS), and Arizona's second-largest investor-owned electric
utility.
   TEP Public Affairs
   P.O. Box 711
   Tucson, AZ 85702
   520/884-3742
   www.tucsonelectric.com
   --30--twt/ix*
   CONTACT: Tucson Electric Power Co., Tucson
           Steve Lynn, 520/884-3629 (News Media)
           Durga Waite, 520/884-3650 (Financial Analyst)
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