?

Hi  Folks

Before we get  started...

Congratulations on being in  the playoff hunt.? That's something to be proud
of.? You have to be a  little bit lucky to get this far but don't hesitate to
pat yourself on the back  as skill plays a huge part.? Judging from the
emails, tons of you are still  in mix.? Don't forget about our Wall of
Champions feature  where we'll showcase league winners.? Stay tuned for more
details.

It's crunch time so  let's jump right into our  Upgraded and Downgraded
Players.? As we head down the  final weekend for many teams, identifying
those players moving up or down can be  the difference between?dominating
your Fantasy Bowl or just finishing in  the money.? As we head into our  16th
week of listing these players, it,s inevitable that some guys  will have made
both the upgrade or downgrade list.? Make sure you understand, what we,re
talking about is players that are moving.?  In other words, a player like TE
Ricky Dudley could appear on the  downgrade list and still be good enough to
be a starter in your league.? It just means I,m concerned about the  way he
seems to be heading.?  Likewise, a player like WR Willie Jackson may make the
upgrade list even  though he,s still fairly far down the list of WRs.? It,s
all about which direction players  are moving.? Keeping an eye on these
trends as they can very often make all the difference.

Joe

?

Upgrades and  Downgrades.? Some of these  players are obvious moves up or
down and some aren't as clear.? Here's my  list of guys I see moving this
week.

QBs Moving  Up?

QB Jeff Garcia (SF)?  Cheatsheets.net Poster Boy Jeff Garcia continues to
roll.? No  coincidence that Terrell Owens returned with a vengeance this week.

QB Donovan McNabb (Phi)? Mixed  emotions here as I've been hyping McNabb for
weeks as the guy carrying the  Eagles offense.? But seeing him on my
opponent's roster in the FanEx  playoffs yesterday was less than heartening
throwing for 4 TDs and 390  yards.? Just be aware the Eagles are off this
week and won't return till  week 17.?

QB Jon Kitna (Sea)? Like Mike  Holmgren, maybe I've been too critical of
Kitna.? He continues to play well  and while it likely won't be in Seattle,
he looks like a starter for some team  in 2001.

QB Aaron Brooks (NO)? A telling  mark of a great QB is how he performs when
he comes with less than his "A"  game.? Brooks looked much less in synch
Sunday and clearly struggled at  times making a few bad throws and missing
open receivers.? Yet he hung in  and still posted outstanding numbers.? His
108 rushing yards quietly add to  the points.? He's a player.? I'm starting
him with few  reservations.?

QB Kerry Collins (NYG)? You  have to believe his confidence is sky high.? He
obviously benefited from  the return of Ike Hilliard (who looked very good)?
This team is looking  very tough and very balanced right now.? The running
game is just good  enough to be a real worry for the defense but not so
dominant that it hurts the  QB.

QB Mark Brunell (Jac)? It's  really weird.? When the hype finally subsides
about this guy, he starts  delivering Fantasy numbers worthy of hype.? Go
figure.?

QB Kurt Warner (StL)? This may  have been the greatest QB performance in the
history of the league without  scoring a TD.? The guy was incredible
completing 84% of his passes (27 of  32)? Completing 84% with an average pass
of 12.8 yards is sick.? The  TDs will come as Warner looked as good as I've
ever seen him placing the ball  perfectly and directing his offense.

QB Ray Lucas (NYJ)? Keep an eye  on Vinnie's groin.? Better yet, watch the
injury reports for news on  Vinnie's groin.? That's better.? We should know
more soon but if it's  serious, Lucas will get the start.

?

RBs Moving Up

RB Marshall Faulk (StL)? I know  you don't need me to list him here but it's
worth noting I think he may be the  best player in the league right now.?
Martz fed him the ball 25 times and  he delivered.

RB Eddie George (Ten)? George  showed outstanding pass receiving skills and
added 2 receiving TDs to go with  his rushing TD.? He reinjured his sore toe
but looks to be ok.? Keep  an eye on it though.

RB Fred Taylor (Jac)? What a  shocker.? Taylor runs wild again as we
predicted.? He did tweak a knee  so watch that but if he can go full speed,
he's a no brainer starter against  just about anyone.

RB James Allen (Chi)? If  departed Offensive Coordinator Gary Crowton was
dead (don't get excited Bears  fans, he's not), he'd be spinning in his grave
to see Allen garner 37 carries  Sunday.? Be a little leery though as a 2.6
ypc carry average only works  when you carry the ball a ton.?

RB Travis Prentice (Cle)? After  fading badly, Prentice comes roaring back
with a 2 TD performance.? He only  had 46 yards on 17 attempts but the TDs
are huge.? The Brown offense  featured some crazy looks with Kevin Johnson
occasionally at QB but they looked  much better.

RB Mike Anderson (Den)? What  else can you say?? The Denver OL is having
another Pro Bowl season.?  Anderson is a must start vs any team right now.

RB Ahman Green (GB)? I'm very  nervous if I'm Dorsey Levens right now.?
Green's been an offensive stalwart  carrying the load week after week.?
Everyone always knew he had the  potential to be this good but now he's
delivering.

RB Emmitt Smith (Dal)? As was  mentioned on the broadcast yesterday, "Someone
forgot to tell the Redskins this  game is a rivalry"? You know the Cowboys
and Emmitt in particular had to  enjoy humiliating the Redskins.? It would be
a bold move even for him but I  wouldn't be surprised in the least to see
Danny Snyder fire Terry Robiskie  before his obligatory three games are up.?

RB Jamal Lewis (Bal)? Once  again, Lewis rolls over the opponents and makes
me look bad for dissing him this  Summer...? Against the Cardinals this week,
he has the chance to be even  better.

RB Warrick Dunn (TB)? If Dunn  had any help, the Bucs would scary.? Right
now, he's doing it all by  himself.? Which probably isn't a bad thing for
Dunn owners.

RB Tony Richardson (KC)?  Richardson netted 5.2 ypc on 17 carries.? Donnell
Bennett looks to have  cartilage damage to his knee so Richardson's workload
should increase.?  It's a shame someone has to get hurt for Gunther
Cunningham to give Richardson  more looks.

RB Tshimanga Biakabutuka (Car)?  Don't hold your breath but Biakabutuka is
making noises about returning to the  lineup this week.? We'll see...

RB Terry Allen (NO)? In a  lesser version of Denver's OL, it appears most
anyone can run effectively behind  these guys.? Allen looked rejuvenated
Sunday and should only get better as  he gets familiar with the system.

RB Chris Warren (Phi)? Remember  that he's off this week but if your league
runs through week 17, he could be a  factor.?

?

WRs Moving Up

WR Sean Dawkins (Sea)??  Dawkins is quietly posting some very strong
numbers.? As is Jon  Kitna.? Dawkins is drawing a lot of looks and could
continue his  roll.

WR Torrance Small / Charles Johnson  (Phi)? Look what QB Donovan McNabb can
do when his WRs decide to  show up.? If they can continue to play well, this
team could be  scary.? Remember they're off this week but return in week 17.

WR Amani Toomer (NYG)? Of the resurging Giants,  Toomer's leading the
charge.? He's making plays all over the field and even  had a nice run again.

WR Terrell Owens (SF)? The  scary part is he could have been even better than
the 129 yard / 1 TD  performance Sunday.? He looked very good coming back
from the toe injury  and should only get better.? The 49ers are trying to
nail down their WR  corps for 2001 and Owens is making a statement.

WR Ed McCaffrey (Den)? It's  easy to get excited whenever he outplays Rod
Smith but the truth of the matter  is that they're both excellent WRs.? I
love McCaffrey and his 6th grade  shoulder pads.? He's the anti-Eric
Dickerson when it comes to pads (or lack  thereof)? Easy Ed goes with pretty
much the Helmet and Pee Wee Shoulder  pads and that's it.? Oh yeah, he's also
a great WR...

WR Darrell Jackson (Sea)?  Jackson made the Upgrade List last week and
delivered.? I see few reasons  why he won't continue to shine.

WR Torry Holt (StL)? It's tough  to predict which Ram WR will catch the
passes from Warner but as I said several  weeks ago, Holt may be the best WR
on the team.? And that's no sleight to  Isaac Bruce - Holt's that good.?

WR Terry Glenn (NE)??  Glenn's putting together one of his most complete
seasons.? And Bledsoe's  continuing to play pretty good football which helps.

WR Willie Jackson (NO)? 1  catch.? 1 TD.? You gotta like a guy who gets right
to the point.?  Joe Horn is the clear #1 threat but Jackson is a serious
option too.

WR Germane Crowell (Det)? This  didn't look like a guy returning from a
broken leg.? He should continue to  get better as he becomes more involved in
the flow of things.

WR Bobby Shaw (Pit)? It seems  hard to believe, but Bobby Shaw is a
legitimate starter in many leagues.?  He's getting lots of looks and the
Steeler are throwing the ball.

WR Ike Hilliard (NYG)? Hilliard  looked well rested as he roared back onto
the scene.? An sprained knee  suffered by Joe Jurevicius will likely increase
Hilliard's playing time even  further.

WR Donald Hayes (Car)? Hayes  looked better as expected and turned in a nice
game catching 5 passes for 77  yards.? The Panthers need to remain focused
but if they can, Hayes could  contribute.

?

TEs Moving Up

TE Johnny McWilliams (Min)?  McWilliams again was active catching 5 passes
for 53 yards.? I like any  receiver on this team.

TE Andrew Glover (NO)? Glover's  starting to become a very integral part of
the New Orleans passing game.?  It's hard to imagine this team losing
Ricky?Williams, Jeff Blake and Cam  Cleeland.

TE Kris Mangum (Car)? He's no  Wesley Walls but he's more than adequate.

TE Greg Clark (SF)? He only had  24 yards but the 4 receptions were a nice
bonus.?

?

QBs Moving  Down

QB Scott  Mitchell (Cin)? The clock struck midnight as Mitchell became the
guy we remembered.? This team is pretty much Corey Dillon and a roll of the
dice with Peter Warrick for his big play potential.

QB Jeff  George (Was)? I've gotta say I'm really surprised George didn't
post some great numbers.? Albert Connell isn't nearly as good as he thinks
he is and that may be part of the problem.

QB Steve  Beuerlein (Car)? It's clear to everyone that 1999 was a career
year.? He's still subject to a great game here and there but he's just too
streaky to lean very heavily on.

QB Shaun  King (TB)? This guy just isn't very good.

QB Charlie  Batch (Det)? I've never been a big Charlie Batch fan although
he's  certainly had his days.? He looked a bit lost at times Sunday and
possibly  losing Herman Moore won't help.? (Although German Crowell is back)

QB Troy  Aikman (Dal)? I hope Aikman does himself a favor and gives Steve
Young a call.? A sore back is one thing.? Not remembering your kid's  names
is an entirely different matter. It's not worth it, Guy.

QB Ryan  Leaf (SD)? Part of it was Baltimore.? A large part of it was  Leaf.

QB Jay  Fiedler (Mia)? Fiedler suffered a torn rotator cuff on his non
throwing shoulder.? The Dolphins will make a decision Wednesday likely
whether it'll be Fiedler or Huard this week at QB.

QB Vinnie  Testeverde (NYJ)? Vinnie suffered a groin injury that may or may
not be serious.? He's not getting any younger though so keep an eye on this
one.

?

RBs Moving  Down

RB Ron  Dayne (NYG)? It's just hard to get excited about starting this guy
as he's such a risk to be taken out of the gameplan.? He's always liable to
grab that short yardage TD but you just don't know when or where they'll
happen.

RB Jerald  Moore (FA)? Things change quickly in this league.? A few  weeks
ago, Moore looked to be the #1 RB.? Now he's unemployed.

RB Darnell  Autry (Phi)?? I'd expect that Chris Warren will cut into his
time when they return.

RB Jamel  White (Cle)? Travis Prentice carried the load while White watched
this week.

RB Brad  Hoover (Car)? He came back to reality this week.? On top of  that,
it looks like his days may be numbered as Tshimanga Biakabutuka looks to  try
and return this week.

?

WRs Moving  Down

WR Herman  Moore (Det)?? Moore suffered?a neck stinger  Sunday.? He could
likely give way to Germane Crowell who looked very good  returning from his
injury.

WR Tai  Streets (SF)? Conventional wisdom had Streets seeing more action  as
the 49ers tried to see what they had for 2001 but with the return of Terrell
Owens, it looks like Streets will be limited.

WR  Courtney Hawkins (Pit)? He's losing time to Bobby Shaw.? The  Steeler WRs
seem to be pretty well set with Hines Ward and Shaw.

WR Danny  Farmer (Cin)? Farmer had made a little noise pushing for a spot
alongside Peter Warrick but it doesn't look like it's going to make any
difference.

WR J.J.  Stokes (SF)? Like Tai Streets, Stokes suffers from the return of
Terrell Owens.?

WR  Sylvester Morris (KC)? Morris continues his regression which  should send
red flags as owners look towards 2001.

WR  Keyshawn Johnson (TB)? With Shaun King struggling, I don't see a  bright
future for Keyshawn ahead.? He sounds like a politician conceding  when he
speaks of the team finding it's identity in running the ball.?

?

TEs Moving  Down

TE Anthony  Becht (NYJ)? In the up and down season from Anthony Becht, it
looks like he's headed down a bit.? The injury to Testeverde affects his
stock in a negative way.

TE Tony  McGee (Cin)? Not that McGee was carrying many FF teams but he
suffered a broken ankle.

TE Jeff  Thomason (Phi)? Looks like Chad Lewis has resumed his role as the
primary TE.?

TE David  LaFluer (Dal)? Between injuries to himself and QB Troy Aikman,
LaFluer was limited and it looks like it may not be changing anytime soon.

?

?

 To unsubscribe from this group, send an email to:
cheatsheets-unsubscribe@egroups.com


Attached please find the brief of the Silicon Valley Manufacturing Group in
the above-named proceeding, which was submitted by Barbara Barkovich on
Monday, April 30.

 - SVNG rate design cover letter.doc
 - SVMG Rate Design Certificate of Service.doc
 - SVMG Rate Design Brief.doc


Steve,

I contacted Jane's ex-husband, Doug Smith, and he sent me an e-mail message
from Jane containing her e-mail address and phone numbers.

Entergy e:mail:     Jane.Wilson@entergy.co.uk
Work number:        4420-7337-8327
Mobile:             44-7730-803-030

He said that in about two weeks, Jane will be here in Houston to attend
several training classes.

Doug also asked me to pass along a message to you, and I said that I would.
He lost his job in the recent layoffs at Compaq, and he wants to know if
Enron could use his talents.  He has an MBA from Harvard.  In the first two
months that he worked for Compaq, he identified $10 million in savings to the
company, and before he left, identified another $70 million in savings.  His
home telephone number is 281-345-4903, and his e-mail address is
djs400@cs.com .

Thank you,
Rubena

---------------------- Forwarded by Rubena Buerger/ENRON_DEVELOPMENT on
07/10/2001 04:09 PM ---------------------------

"DOUG SMITH" <DJS50@HOUSTON.RR.COM> on 07/10/2001 03:16:32 PM
Please respond to <DJS50@HOUSTON.RR.COM>
To: <rubena.buerger@enron.com>
Subject: FW: New Contact Information

-----Original Message-----
From: Jane.Wilson@enron.com [mailto:Jane.Wilson@enron.com]
Sent: Tuesday, July 10, 2001 8:35 PM
To: meta@pop3.ptt.yu; lainie_cline@hotmail.com; susan.w.colchin@jci.com;
bsdusa@hotmail.com; mdahlke1@excite.com; mbe1733@insync.net;
J3NG@aol.com; agelotti@hotmail.com; pgelotti@hotmail.com;
carol.gross@agedwards.com; rhhoch@webtv.com;
sherrie.rutherford@fuse.net; rocsbmot@del6.vsnl.net.in;
mpcl@bom5.vsnl.net.in; mjannas@entergy.com; amit@jsalaw.com;
sara_jr99@yahoo.com; rleconey@ix.netcom.com; vmkengage@hotmail.com;
robertomaz@aol.com; Annabel_McGregor@hotmail.com; ewmead@juno.com;
dredre362@yahoo.com; davidmerrill43@hotmail.com; Larry.Morse@enron.com;
mko@hnra.com; maryhelenphillips@usa.net; srutherford@cinergy.com;
bschmolt@juno.com; junglman@africaonline.co.zw; drewis62@hotmail.com;
djs50@houston.rr.com; ergind@vsnl.com; tspaight@ASSETTRUST.com;
btrevin@entergy.com; robert.valente@hill-assoc.com;
John.Wilson@disney.com; HOMEMGT@aol.com; aninek@suddath-intl.com
Subject: New Contact Information

Please take note of the following new contact information in the UK:

Entergy e:mail:     Jane.Wilson@entergy.co.uk
Work number:        4420-7337-8327
Mobile:             44-7730-803-030


Jack,

Attached is a graph showing storage year by year.  We are expecting another rather large injection this week.  Cal 02 Nymex is up about $.0125 but the balance of 01 is down about a penny.  There is no weather to speak of and therefore,  no demand for physical gas - this is what is driving prices down.  Let me know if you have any questions.  Am still working on the option pricing.

Thanks,

Kim


John, as requested, I attach a note on the impact of the upcoming election
for LDP party president.

LDP President Election. The bottom line is that the outcome of the election
is unlikely to adversely impact the pace of energy sector deregulation in
Japan. There are a couple of reasons:
(a) the LDP is a status quo party  - no single leader is powerful enough to
radically change the policy direction of the party; and
(b) the LDP represents only one pillar of the policy making triangle, which
includes the bureaucracy and large industry.

However, the choice of leader will impact market sentiment and the Japanese
economy as a whole, which in turn will have an indirect impact on the pace of
reform.

Basic Energy Law Bill. John, you are probably starting to see press on the
progression of the Basic Energy Law Bill. The Bill recently moved up for
consideration by the LDP Energy sub- committee, the committee headed by Mr Y
Kamei. We are still confident that the Bill will not pass beyond Mr Kamei's
committee. Mr  Y Kamei and METI are opposed to the Bill. In addition, there
is growing opposition from politicians representing environmental and
anti-nuclear interests.

In the unlikely event that the Bill does receive the approval of Mr Kamei's
committee, its passage is likely to be delayed until after the election for
party president and the upper house elections in July. Further, the Bill is
currently in summary form and will need to be drafted in full, with due
consideration given to the impact on existing laws, a process that takes some
time.

In the meantime, our lobbying efforts continue:
The US Government is fully briefed and stands ready to intervene if the Bill
progresses further. In addition, the USG voiced their opposition to the Bill
last week during a visit to Washington by the promoter of the Bill, Mr Kanno
a member of the LDP and an ex TEPCO VP.
The Nikkei newspaper is likely to run an editorial on the Bill in the next
week or so, aided by information from Enron.
We are using our position in the "new entrants" group to lobby the Japanese
Government.
We continue to keep Y Kamei informed on an informal basis.

Transmission Access.
Following on from our discussion last Thursday, Enron Japan will be making an
application almost immediately with Kyushu Electric for transmission access
in connection with a transaction Morton Eric is running. The transaction will
raise several regulatory issues and, if successful, will give us an SSEUB
"licence" and access to the economic power exchange (Keizai Yuzu).

kind regards


Do you code or approve invoices for goods and services that are processed by the Houston-based Accounts Payable center?
If yes, please read and respond to this e-mail.

On May 1st, iBuyit Payables will be activated for all organizations supported by the Houston-based Accounts Payable processing center (for example, invoices submitted via AP drop box to 600 Jefferson, Houston).  If you code or approve these invoices, the iBuyit Payables project team has important information to share with you about the iBuyit Payables system, training, and the May 1st transition to the new system.

To identify yourself as a future iBuyit Payables Coder or Approver, please respond to this e-mail upon receipt with the following information:
*  Full Name (First, Middle, Last)
*  E-mail address
*  Business unit (For example, Corporate, ETS, EWS, EES, or EBS)
*  Do you code invoices? (Yes/No)
*  Do you approve invoices? (Yes/No)
*  Are you a remote user? For example, do you dialup to access the Enron network? (Yes/No)

This will ensure that you receive important iBuyit Payables information.  Thank you for your response!

Attached is important iBuyit Payables training information:

<Embedded Picture (Metafile)>


Some more reading for you
Date: Wed, 06 Jun 2001 16:18:14 -0500
From: "John Brunini" <JBrunini@brunini.com>
To: "Wilson Montjoy" <wmontjoy@brunini.com>
Subject: Enron Memo
Mime-Version: 1.0
Content-Type: multipart/mixed; boundary="=_184230CA.7F1E7237"

Attached is the Enron memo you requested.

 - contract issues.mem


Please give me a call.

T hanks!

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


Sorry we could not meet.  The problem seems to be Mary lists the total in R 112386 as $114,109.41 while in SAP the total is $64,720.92.  Please see attached.  I don't see how Mary's report could possibly tie to SAP.  Please provide me an SAP report that details $114,109.41 in R112386 because the one I run keeps coming up with $64,720.92.

 -----Original Message-----
From: 	Fancler, Dan
Sent:	Tuesday, August 07, 2001 6:49 AM
To:	Botello, Mary
Subject:	RE: R Cost Centers

Lets meet at 1:00 pm

 -----Original Message-----
From: 	Botello, Mary
Sent:	Monday, August 06, 2001 5:43 PM
To:	Fancler, Dan
Subject:	R Cost Centers
Importance:	High

	Dan,
	Are you available to meet with Tracy and me tomorrow, August 7, for about 30 minutes between 11:30 and 2, in Tracy's office?  Let me know.  We can compare reports and see where we are not connecting.
	Mary


I approve the request for a CPN for Al Larsen.


Yes, except for weather, the financial GTC's are designed to cover all energy
commodities.

	Dianne Seib
	09/25/2000 03:34 PM

		 To: Tana Jones/HOU/ECT@ECT
		 cc: Bill Greenizan/CAL/ECT@ECT, Greg Johnston/CAL/ECT@ECT
		 Subject: EOL GTC

Tana,

Enron Canada Corp. will be offering a Canadian power financial swap on EOL
within the next couple of weeks.  Can you confirm that the current EOL
financial GTC is sufficient for power trades.

Thanks!

Dianne


Mike, Scott, Eric,

After brainstorming and discussing further on data here, we think that our
final specifications for modelling data requirement need to be as follows:
We need bankrupt, default and nondefault (which covers nonbankrupt) accounts
with 4 quarterly observation snapshots and 12 months performance following
the latest snapshot.  Monthly performance indicator need to be available for
the entire 12 months performance period.  We will need all the bankrupt and
default accounts and comparable sample of good accounts with weights.
For the purpose of model validation, we will need data with above specs
covering 16 months of performance.  This means that we will need rolling (4
quarterly snapshots + 12 months performance) data for 4 monthly shifts:

Input snapshots           Performance
1999 March end, 1999 June end, 1999 September end, 1999 December end   12
month end performance for Jan 2000 through Dec 2000
1999 Feb end, 1999 May end, 1999 August end, 1999 November end    12 month
end performance for Dec 1999 through Nov 2000
1999 Jan end, 1999 Apr end, 1999 July end, 1999 October end     12 month end
performance for Nov 1999 through Oct 2000
1998 December end, 1999 Mar end, 1999 June end, 1999 September end    12
month end performance for Oct 1999 through Sep 2000

We will need bankruptcy chapterwise indicator, if available during the
performance period.  Our definition of default is either bankruptcy or 90+
days delinquency on any trade credit.
We have also discussed the cost aspect and we think considering the big
picture, it makes sense to spend  the extra amount to get the right data for
analysis.
Please let me know your thoughts.  This will require D&B to give us a
modified quote and we could possibly move forward quickly.

Regards,
Amitava


greg piper
Andy Keleman
628-7654

re Roadshow


---------------------- Forwarded by Maria Sandoval/HOU/ECT on 10/26/2000
02:48 PM ---------------------------

Brenda Barreda@EES
10/26/2000 02:44 PM
To: Buddies
cc:
Subject: MOM

---------------------- Forwarded by Brenda Barreda/HOU/EES on 10/26/2000
02:37 PM ---------------------------

	Enron Energy Services

	From:  Deborah Miller                           10/25/2000 04:00 PM
	Phone No: 713-345-7232
  Pager:  888-520-9170
  Location:  EB1285A

To: Karen Lynn Williams/HOU/EES@EES, Joey Morrow/HOU/EES@EES, Beverly
Aden/HOU/EES@EES, Rklages@compaq.com, loishurt@juno.com,
Shari.dudney@texmed.org, efingerhut@dealguys.com, 12th Floor Assistants
cc:
Subject: MOM

JOB DESCRIPTION: Long term team players needed for challenging permanent
work in an often chaotic environment. Candidates must possess excellent
communication and organizational skills and be willing to work various
hours, which will include evenings and weekends and frequent 24 hour shifts
on call. Some overnight travel required, including trips to primitive
camping sites on rainy weekends and endless sports tournaments in faraway
cities. Travel expenses not reimbursed. Extensive courier duties also
required.

RESPONSIBILITIES: This is for the rest of your life. Must be willing to be
hated at least temporarily, until someone needs $5 to go skating. Must be
willing to bite tongue repeatedly. Also, must possess the physical stamina
of a pack mule and be able to go from zero to 60 mph in three seconds flat
in case, this time, the screams from the backyard are not someone just
crying wolf. Must be willing to face stimulating technical challenges, such
as small gadget repair, mysteriously sluggish toilets and stuck zippers.
Must screen phone calls, maintain calendars and coordinate production of
multiple homework projects. Must have ability to plan and organize social
gatherings for clients of all ages and mental outlooks.  Must be willing to
be indispensable one minute, an embarrassment the next. Must handle assembly
and product safety testing of a half million cheap, plastic toys and battery
operated devices. Must always hope for the best but be prepared for the
worst. Must assume final, complete accountability for the quality of the end
product. Responsibilities also include floor maintenance and janitorial work
throughout the facility.

POSSIBILITY FOR ADVANCEMENT AND PROMOTION: Virtually none. Your job is to
remain in the same position for years, without complaining, constantly,
training and updating your skills, so that those in your charge can
ultimately surpass you.

PREVIOUS EXPERIENCE: None required, unfortunately. On-the-job training
offered on a continually exhausting basis.

WAGES AND COMPENSATION: You pay them, offering frequent raises and bonuses.
A balloon payment is due when they turn 18 because of the assumption that
college will help them become financially independent. When you die, you
give them whatever is left. The oddest thing about this reverse-salary
scheme is that you actually enjoy it and wish you could only do more.

BENEFITS: While no health or dental insurance, no pension, no tuition
imbursement, no paid holidays and no stock options are offered, job supplies
limitless opportunities for personal growth and free hugs for life if you
play your cards right.

Forward this on to all the MOM's you know, in appreciation for everything
they do on a daily basis, and let them know they are appreciated.


---------------------- Forwarded by Phillip M Love/HOU/ECT on 10/25/2000
10:53 AM ---------------------------

	Enron North America Corp.

	From:  Darron C Giron                           10/25/2000 10:25 AM

To: kristi.giron@cfisd.net, Phillip M Love/HOU/ECT@ECT,
mark.ebert@broadwing.com
cc:
Subject: taxclaity.com

---------------------- Forwarded by Darron C Giron/HOU/ECT on 10/25/2000
10:25 AM ---------------------------

Dawn C Kenne
10/25/2000 09:19 AM
To: "Amanda Barnard" <ajbarnard@houston.rr.com>, Pam B Boxx/HOU/ECT@ECT,
"derek campbell" <derek.campbell@paslode.com>, PMDESMAR@earthlink.net, Linda
J Ewing/HOU/ECT@ECT, maxnbev@wesnet.com (Max Fledderjohann), "garynkay"
<GARYWGARRETT@email.msn.com>, Darron C Giron/HOU/ECT@ECT,
HeightsHappy@aol.com @ ENRON, "Keeling, Ingelisa" <ikeeling@velaw.com>, "B.
Kenne" <yona_edoda@yahoo.com> @ ENRON, plmichaud <plmichaud@pdq.net>, "Ray
Vincent" <raylvincent@hotmail.com> @ ENRON, Eric Wardle/HOU/ECT@ECT, Ed
Zajicek <e.zajicek@pentasafe.com>, Sheri Thomas/HOU/ECT@ECT, Jason
Wolfe/NA/Enron@ENRON, Jeffrey C Gossett/HOU/ECT@ECT, Torrey Moorer/HOU/ECT@ECT
cc:
Subject: taxclaity.com

---------------------- Forwarded by Dawn C Kenne/HOU/ECT on 10/25/2000 09:18
AM ---------------------------

"Bythewood, Richard" <rbythewood@txi.com> on 10/25/2000 09:14:08 AM
To: "'Brad Baker'" <bbaker@mesh.net>, "'Brad Levy'" <brad_levy@compusa.com>,
"'Brendan O'Brien'" <brendano@crossmk.com>, "Michael, Chris"
<cmichael@txi.com>, "'Darrell Brown'" <dkbrown2@flash.net>, "'Dawn Wilson'"
<Dawn.C.Kenne@enron.com>, "'Fred Silva'" <silvauh60@aol.com>, "'Gary Wilson'"
<R.Wilson@oracle.com>, "Spindler, Jenny" <jspindler@txi.com>, "'John
Belcher'" <johnbe@microsoft.com>, "'John Everett'"
<john_b_everett@email.mobil.com>, "'John Stefek'" <stefek@onramp.net>,
"'Karen Hendrix'" <karen.hendrix@biin.com>, "'Kevin Kalis'"
<kkalistx@hotmail.com>, "'Kristin and Darrell Herbel'" <KUAlums@aol.com>,
"'Matt Louk'" <sigmaxaa@ix.netcom.com>, "'Mike'" <mike@bythewood.com>, "'Mike
Parker'" <MParker173@aol.com>, "'Mitch'" <mitch4269@hci.net>, "'Philip
Stavens'" <pstavens@flash.net>, "'Roger @ Home'" <gbythewood@aol.com>, "'Sal
Navarro'" <JANSAL@aol.com>, "'Sandra Dial'" <sdial@ix.netcom.com>, "'Scott
Martin'" <scotta@wt.net>, "'Scott Spindler'" <Sdspindler@aol.com>, "'Shelly'"
<rbwood@ix.netcom.com>, "'Steve Dillard'" <steve_dillard@matrixes.com>, "'Tim
and Missy'" <Tim_Holmes@intgate.rbfalcon.com>, "'Tim Holmes'"
<tholmes@intgate.rbfalcon.com>, "'Tom Collier'" <tgcollier@msn.com>, "'Wally
Gomaa'" <wally.gomaa@gwl.com>, Brendan Obrien <brenman@ix.netcom.com>, Chris
Michael <cmichael@txi.com>, Don Copeland <donald.copeland@telops.gte.com>,
Doug Webb <dwebb2@pdq.net>, Garrett Goeters <garrett.goeters@compaq.com>,
Gary Wilson <R.Wilson@oracle.com>, Juan Harris <JHarris914@aol.com>, Kevin
Cooper <Kevin.Cooper@txdps.state.tx.us>, Nathan Reese <nreese@mindspring.com>
cc:

Subject: taxclaity.com

This is a cool site comparing the Bush and Gore tax plans.  Click on the
link below and follow the instructions to see which plan saves you the most
money.

RB

http://www.taxclarity.com

Richard Bythewood
Dallas Office:          972-647-3930
Mobile:                   817-925-6128
e-mail:                   rbythewood@txi.com


Oh yes, I had a good time, although very exhausted from getting in late.  Did
you have a good weekend?  Hand out with Marky much?  I noticed some of my
wine stash was depleted.  Did you have anything to do with that?

Mat

"Salazar, Alexis" <ASalazar@PIRNIE.COM> on 01/16/2001 09:41:50 AM
To: "Mat Smith (E-mail 2)" <matt.smith@enron.com>
cc:

Subject: So

How was the trip to NY??  did you have fun?

Alexis Salazar
Malcolm Pirnie, Inc.
1700 W. Loop South, Suite 950
Houston, TX 77027
Direct: 713-960-7414
asalazar@pirnie.com


Thanks for the update.  I want to make sure we present the numbers in a more
coherent fashion than just laying out the individual RCs.  You and I have
discussed this before; my recollection is that we were going to break out as
follows:

Administrative services
Aviation
building services
new building
ongoing
government affairs
Americas
Europe-Asia
Other budgets retained at business unit level
(explanation of shift in expenses from advocacy to transaction support/risk
management
PR/Communications
Brand advertising
internal comm
other PR

I may be forgetting some of the subgroups we talked about, but this is the
general idea.

	Elizabeth Linnell
	Sent by: Elizabeth Linnell
	10/18/2000 11:00 AM

		 To: Steven J Kean/NA/Enron@Enron
		 cc:
		 Subject: meeting with Mark Lindsay

I wanted to update you on my conversation this morning with Mark Lindsay
regarding next week,s budget meeting.

The format will be similar to last year,s.  We,ll be receiving from Mark,s
group a consolidated spreadsheet of all of our budgets, grouping them by
functionality and illustrating 2000 plan, 2000 estimate, and 2001 plan, and
the variances between.  We will be covering the EPSC and Aviation budgets
during the same meeting.  Billie and I will get together on Friday to compare
what the two of us have so far, and then we have a meeting set up for Monday
morning with you, Bill, Billie and me to go over everything in advance of
Tuesday,s meeting.

Points that Mark made (no surprises here):
-  Jeff has mentioned that he wants to see reductions in all corporate cost
centers since our international activities look like they,re going away.  (We
have made significant reductions year to year on our international gov,t
affairs and PR budgets, and I think we can justify that the other cost
centers are primarily focused on domestic activities while the individual
business units budget much of those activities themselves.)
-  Even though we,re allocating more overall to the business units this year,
Jeff will be interested in the gross budget numbers, before any allocations.
-  We need to be able to explain any significant budget changes year to year
 -  Mark particularly emphasized the increase in the PR budget, most of which
is retained at Corp anyway
 -  We need to be able to explain anything that we,ve inherited from the
business units that is now staying at Corp.  This  applies to the headcount
that we,ve picked up from ENA and from Int,l (Dennis, group).

Lindsay mentioned that there,s a possibility that Causey may, in advance of
our Tuesday meeting, meet by himself with Skilling to get a general idea of
where Jeff stands on the corporate budgets as they,ve been submitted so far,
and then come back to us with instructions on any changes that need to be
made.  If this is the case, we may have to make cuts before we get to present
our case.

I'm working on our presentation based on that conversation and will forward
it to you as it progresses.


Joe, I really appreciate your offer to forward my resume to your father at FPL.  I forwarded my resume to Irma Sulaiman @ FPL yesterday in response to a job posting in yesterday's Houston Chronicle.

The position, "Energy Trader", calls for at least 1-3 years of experience in fuels, energy marketing or energy trading; all of which I have experience in.

Below is the cover letter and resume that I e-mailed yesterday.  Again, I truly appreciate you helping me out!

<<<<Cover Letter>>>>

I would like to express my interest in the "Energy Trader" position posted in the Houston Chronicle, Sunday, December 2, 2001.

I have been trading power at Enron for the U.S. Eastern Interconnect and am very familiar with all facets of executing hourly and daily trades, including the utilization of trading tools and indices for all energy commodities.

I have over nine years of related experience and have also received my MBA during my four-year tenure at Enron.  My experience ranges from petroleum terminal management, refining and wholesale marketing, fuel management, pipeline and vessel/barge scheduling; liquefied natural gas (LNG); and trading power for the U.S. Eastern Interconnect power grid.

My attached resume illustrates an intense level of vertically integrated experience and knowledge of the energy business.  I believe that my vast experience and advanced education could be of great benefit to your company.

I would appreciate the opportunity to discuss career options with someone at your company.

Sincerely,

Dustin Collins


Cool

 -----Original Message-----
From: 	Williams, Bill
Sent:	Monday, October 22, 2001 5:27 PM
To:	Williams III, Bill
Subject:	Holsters Small of Back Concealed Carry for Handguns.htm

Also thinking small of back type as well.

 << File: Holsters Small of Back Concealed Carry for Handguns.htm >>


This request has been pending your approval for  14 days.  Please click http://itcapps.corp.enron.com/srrs/auth/emailLink.asp?ID=000000000080512&Page=Approval to review and act upon this request.

Request ID          : 000000000080512
Request Create Date : 1/7/02 5:01:54 PM
Requested For       : stephen.benchluch@enron.com
Resource Name       : Market Data Kobra Basic Energy
Resource Type       : Applications


Good Afternoon All!

I will be in a class tomorrow afternoon from 11:30 am - 2:30 pm.  I will be in the office before and after the class.  Call me if you have any questions.  Thank you.

Keegan Farrell
EB3875
713-345-3317


Start Date: 4/25/01; HourAhead hour: 4;  No ancillary schedules awarded.
Variances detected.
Variances detected in SC Trades schedule.
Variances detected in Load schedule.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001042504.txt

---- SC Trades Schedule ----
$$$ Variance found in table tblInt_Interchange.
     Details: (Hour: 4 / Preferred: -725.00 / Final: -724.97)
  TRANS_TYPE: FINAL
  SC_ID: EPMI
  MKT_TYPE: 2
  TRANS_DATE: 4/25/01
  TRADING_SC: DETM
  PNT_OF_INTRC: NP15
  SCHED_TYPE: ENGY
  PURCH_SALE: 1
  DEAL_NO: 1

---- Load Schedule ----
$$$ Variance found in table tblLoads.
     Details: (Hour: 4 / Preferred:   1.96 / Final:   1.93)
  TRANS_TYPE: FINAL
  LOAD_ID: PGE4
  MKT_TYPE: 2
  TRANS_DATE: 4/25/01
  SC_ID: EPMI


Sounds great.

"Keffer, John" <JKeffer@KSLAW.com> on 02/08/2001 03:53:59 PM
To: "'Kay.Mann@enron.com'" <Kay.Mann@enron.com>
cc:

Subject: RE: Lunch

How about Thursday?

-----Original Message-----
From: Kay.Mann@enron.com [mailto:Kay.Mann@enron.com]
Sent: Thursday, February 08, 2001 3:44 PM
To: Keffer, John
Subject: Re: Lunch

Hi John,

Just opened my email.  I have a meeting tomorrow off campus.  Next week
looks good, though.  Any free days?

Kay

"Keffer, John" <JKeffer@KSLAW.com> on 02/08/2001 09:15:00 AM

To:   "C. Kay Mann (E-mail)" <Kay.Mann@enron.com>
cc:

Subject:  Lunch

Got any lunch plans today or tomorrow?

                    Confidentiality Notice
This message is being sent by or on behalf of a lawyer.  It is intended
exclusively for the individual or entity to which it is addressed.  This
communication may contain information that is proprietary, privileged or
confidential or otherwise legally exempt from disclosure.  If you are not
the named addressee, you are not authorized to read, print, retain, copy or
disseminate this message or any part of it.  If you have received this
message in error, please notify the sender immediately by e-mail and delete
all copies of the message.

                    Confidentiality Notice
This message is being sent by or on behalf of a lawyer.  It is intended
exclusively for the individual or entity to which it is addressed.  This
communication may contain information that is proprietary, privileged or
confidential or otherwise legally exempt from disclosure.  If you are not the
named addressee, you are not authorized to read, print, retain, copy or
disseminate this message or any part of it.  If you have received this
message in error, please notify the sender immediately by e-mail and delete
all copies of the message.


Please See Attachments.

~*~~*~~*~~*~~*~~*~~*~
Tonya Carpenter
Burlington Resources
Gas Marketing
(713) 624-9170
E-mail: t_carpenter@br-inc.com

 - RFP-051401.DOC
 - RFPGISBLT.DOC
 - RFPTEMPLATE.DOC


Fitch Puts Enron On Rating Watch Negative
Bloomberg, 10/25/01

STOCKWATCH Enron higher after dismissing CFO Fastow
AFX News, 10/25/01

DJ Concerned Energy Cos Make Few Changes In Enron Dealings
2001-10-25 14:13 (New York)

Calif Guarantees Allow Williams To Book Power Revenues
Dow Jones Energy Service, 10/25/01
Stocks Expected to Open Lower, Hurt By Weak Economic News
Dow Jones Business News, 10/25/01

Kaplan Fox Seeks To Recover Losses For Investors Who Purchased E
Bloomberg, 10/25/01

Enron CNBC: Squawk Box,
10/25/01

Fitch Puts Enron On Rating Watch Negative
2001-10-25 13:49 (New York)

Fitch Puts Enron On Rating Watch Negative

Fitch-NY-October 25, 2001: Fitch places the following Enron
securities on Rating Watch Negative: senior unsecured debt
`BBB+'; subordinated debt `BBB'; preferred stock `BBB-`;
and commercial paper `F2'. Pipeline subsidiary `A-` rated
senior unsecured debt at Northern Natural Gas Co. and
Transwestern Pipeline Co., are also placed on Rating Watch
Negative.

The rating action primarily relates to the negative capital
market reaction to recent disclosures by the company. The
loss of investor and counterparty confidence, if it
continues, would impair Enron's financial flexibility and
access to capital markets, therefore, impacting its ability
to conduct its business. On Oct. 16, 2001, Enron announced
a $1 billion after-tax charge to earnings to be taken in
the third quarter of 2001 and a reduction of balance sheet
equity by $1.2 billion relating to the unwinding of
structured transactions. Since that time, there have been
several damaging news reports on the company and its
management. More importantly, investors have voiced
concerns. Enron's common stock price has plummeted and
spreads on its debt have widened.

The company has attempted to quell rumors and has publicly
stated that it has adequate liquidity to conduct its
business. Approximately $1.5 billion of unused liquidity is
available under committed bank lines.

An additional concern is that certain structured
transactions of the company including Marlin Water Trust II
and Osprey could unwind. While various sources of repayment
exist, such as the sale or liquidation of underlying
assets, or an equity offering, primary credit support is
derived from the Enron obligation to remarket mandatorily
convertible preferred stock if an amount sufficient to
repay the notes has not been deposited with the trustee 120
days prior to the maturity date or upon a note trigger
event. In the event that the issuance of the preferred
stock yields less than the amount required to redeem the
senior notes in either case, Enron is required to deliver
additional shares. If Enron cannot or does not deliver on
its obligation, then the amount of the deficiency becomes a
payment obligation of Enron, representing a general
unsecured claim. While trigger events include a downgrade
of Enron's senior unsecured debt below investment grade by
one of the major rating agencies in conjunction with
specified declines in Enron's closing stock price over
three consecutive trading days, Enron would have a
forebearance period of 60 days as long as an attempt was
being made to register the shares. The total amount of
Marlin and Osprey debt is approximately $3.2 billion. Enron
has not verified that the underlying assets have adequate
market value to fully pay down the associated debt.

While capital market uncertainties have escalated, Fitch
has no information to indicate that there are any
fundamental problems with Enron's core wholesale, retail,
and pipeline businesses. Fitch expects to be in contact
with the company on a continuing basis to both monitor
ongoing events and address strategic, longer-term issues.

STOCKWATCH Enron higher after dismissing CFO Fastow

10/25/2001
AFX News
(c) 2001 by AFP-Extel News Ltd

NEW YORK (AFX) - Share of Enron were higher in opening trade, after the company dismissed its chief financial officer, Andrew Fastow, due to his past involvement in running two partnerships, in which Enron had invested, dealers said.
At 9.56 am, Enron was up 1.13 usd, or 6.95 pct, at 17.55. The DJIA was down 138.60 points at 9,207.52, the S&P 500 index was down 15.95 pts at 1,069.00 and the Nasdaq composite down 39.02 at 1,692.52.
Enron said it named Jeff McMahon CFO to replace Fastow, after announcing Monday that the Securities and Exchange Commission is looking into the Fastow-related transactions.
"In my continued discussions with the financial community, it became clear to me that restoring investor confidence would require us to replace Andy as CFO," said chief executive Kenneth Lay in a statement.
Enron shares have fallen sharply in recent days on concerns over financial transactions made with the two partnerships, LJM Cayman LP and LJM2 Co-Investment LP, which analysts said could affect future earnings and which have prompted class action suits against the company.
McMahon, who had been serving as chairman and CEO of Enron's Industrial Markets group, had quit his job as treasurer last year, after voicing concerns within the company about Fastow's role in running the two partnerships, according to the Wall Street Journal.
This morning, Salomon Smith Barney analyst Raymond Niles downgraded Enron to "buy- speculative," from "buy-high risk", to reflect his concerns that "lingering uncertainty over financial practices may begin to impair Enron's commercial operations."
"This is the least likely outcome, in our view, but one whose likelihood has increased over the last week as questions continue to be asked," he said.
ng/lj For more information and to contact AFX: www.afxnews.com and www.afxpress.com

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

=DJ Concerned Energy Cos Make Few Changes In Enron Dealings
2001-10-25 14:13 (New York)

   By Mark Golden, Kristen McNamara, Jon Kamp and John Edmiston
   Of DOW JONES NEWSWIRES

  NEW YORK (Dow Jones)--Energy trading companies have concerns about the credit
quality of troubled Enron Corp. (ENE), but they have made almost no changes in
policies concerning the top trader of North American power and gas, the
companies said Thursday.

  The concerns have arisen because Enron, which accounts for about a quarter of
the trade in the country's power and gas markets, has seen its share price fall
by a third this week due to uncertainties about its extremely complex financial
structure.

  Moody's has put Enron's credit on watch for possible downgrade, and some of
the company's debt is trading like junk bonds in the secondary market this
week.

  "We have made no changes to our credit policy concerning Enron," said John
Sousa, chief spokesmann for Dynegy Inc. (DYN). "It's business as usual."

  Williams Cos. (WMB) spokesman Jim Gipson said that his company, too, has made
no changes and has no concerns about Enron's credit. Another Top 10 power and
gas trading company, Aquila (ILA), has also left Enron credit unchanged.

  Other companies expressed concern, though they've taken little if any action.

  "Like everyone else in the marketplace, we're proceeding with caution," said
Lora Kinner, director of credit for Tractebel Energy Marketing, the North
American subsidiary of the Belgian company Tractebel S.A.

  Kinner said the company is just looking for more information and doesn't
expect to make any drastic changes.

Calif Guarantees Allow Williams To Book Power Revenues
By Andrew Dowell
Of DOW JONES NEWSWIRES

10/25/2001
Dow Jones Energy Service
(Copyright (c) 2001, Dow Jones & Company, Inc.)

NEW YORK -(Dow Jones)- Clarifications by California as to what electricity transactions the state will back enabled Williams Cos. (WMB) to book $180 million in power sales from the previous period as third-quarter revenues, the company said Thursday.
The revenues came from power Williams sold through the California Independent System Operator, which runs the state's wholesale power market and clears and settles transactions.
The state of California has paid more than $11 billion for power bought directly from suppliers, but has yet to pay for any ISO power since it took over the job of buying power for the state's ailing utilities in mid-January. Two weeks ago, however, the state made clear for the first time which ISO transactions it would back.
"It's that fact that has allowed us for the first time to recognize dollars from sales to the California ISO," Williams Chief Operating Officer Steven Malcolm said on a conference call Wednesday.
Williams reported third-quarter net income of $221.3 million on revenues of $2.81 billion, up from $121.1 million on revenues of $2.33 billion in the same period the year before.
Williams is now in talks with California to secure payment for its ISO sales. The process is complicated by the state's role as guarantor of transactions undertaken on behalf of the utilities, which aren't creditworthy enough to buy power for themselves. The ISO didn't envision third-party guarantors when it set up its settlement process, and state accounting rules require more detailed bills than those sent out by the ISO each month, state power officials have said.
The state says it has set aside $1.2 billion to cover ISO transactions.
As reported, suppliers including Williams had charged the state with deliberately muddling the repayment issue to keep power flowing for free.
Willing To Renegotiate

Separately, Williams' officers also said the company was willing to discuss reworking its long-term contracts with California, provided the result benefited both parties.
California Gov. Gray Davis is under heavy fire for having locked the state into contracts running as long as 20 years at prices negotiated at the peak of a market that has since collapsed.
Both sides could potentially benefit from changes to the length of the term of the contracts or the specifics of power-supply obligations - perhaps freeing up supply that Williams thinks it could get more money for on the spot market, Malcolm said.
"We're always willing to sit down with a customer," Malcolm said.
Williams hasn't been approached by the state to renegotiate the contracts, Malcolm said.
Any attempt by California to force through one-sided changes is unlikely and could backfire for the state by disrupting plans for new power plants, he said.
"To the extent contracts are changed, financing is going to go away," he said.
Downplaying Enron Opportunities

Williams downplayed its ability to capitalize on the recent troubles of market-leader Enron Corp. (ENE), saying it focuses on large, long-term structured deals, not the high-volume, physical-market transactions that Enron dominates, Malcolm said.
Also, TradeSpark - the Internet-based energy exchange in which Williams is a partner - is limited for now in its ability to expand and take volume from Enron's proprietary system EnronOnline because of the horrific losses operator Cantor Fitzgerald (X.CFZ) suffered in the attacks on the World Trade Center.
"That's interrupted the rapid growth we were seeing," Williams Chief Executive Keith Bailey said on the call.
Enron, which accounts for about a quarter of the trade in the country's power and gas markets and which makes a market for those commodities on EnronOnline, has seen its share price fall by a third this week due to uncertainties about its extremely complex financial structure.
Those concerns have raised questions about the business model of EnronOnline, a platform on which Enron is the counterparty in all trades. Those concerns could eventually boost volume on neutral exchanges like TradeSpark.
"We continue to believe in the neutral platform that TradeSpark offers," Malcolm said.
TradeSpark LP was formed by eSpeed Inc. (ESPD), Cantor Fitzgerald (X.CFZ), Shell (RD) unit Coral Energy, Dominion (D), Koch Energy Trading Inc., TXU Corp.'s (TXU) TXU Energy unit and Williams Cos.' Williams Energy Marketing & Trading Co.
-By Andrew Dowell, Dow Jones Newswires; 201-938-4430; andrew.dowell@dowjones.com

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

Stocks Expected to Open Lower, Hurt By Weak Economic News

10/25/2001
Dow Jones Business News
(Copyright (c) 2001, Dow Jones & Company, Inc.)

A Wall Street Journal Online News Roundup
Stocks are expected to open with losses Thursday, weighed down by disappointing U.S. economic news and the European Central Bank's decision to leave interest rates unchanged.
About an hour before the New York Stock Exchange opened, futures on the Standard & Poor's 500-stock index were sharply lower, suggesting that the Dow Jones Industrial Average will post a 94-point loss at the opening bell.
In one of a trio of negative economic reports, the Commerce Department said orders for durable goods, or products expected to last more than three years, tumbled 8.5% in September. That was a much steeper drop than the 0.9% decline forecast by economists surveyed by Thomson Global Markets.
Meanwhile, the Labor Department reported that the number of Americans filing new claims for state unemployment insurance rose to 504,000 for the week ended Oct. 20. That was more than the 500,000 jobless claims expected by economists.
The Labor Department also said that the employment-cost index rose 1% in the third quarter, slightly more than expected. The indicator measures changes in compensation costs, including wages and salaries, as well as costs for employee benefits.
Later, at 10 a.m. EDT, the National Association of Realtors is expected to say that 5.26 million existing homes were sold last month, down from the 5.5 million sold in August.
Prior to release of the economic news, S&P futures had pointed to a weaker opening on Wall Street, after the ECB left rates alone despite growing political pressure for another rate cut to help the stumbling European economy.
In addition to pouring over Thursday's economic reports, investors will spend much of the session sorting through a mountain of earnings reports, said Peter Cardillo, director of research at Westfalia Investments.
Among companies that announced quarterly earnings so far, Dow Chemical said third-quarter net income plunged 84%, hurt by weak demand, substantial price declines and a slew of charges mostly related to acquisition expenses and restructuring at Dow Corning.
Among other stocks to watch, Enron on Wednesday replaced its finance chief, Andrew Fastow, capping a tumultuous day in which the Houston powerhouse saw its stock price continue to fall sharply.
States suing Microsoft are hiring one of the nation's top trial lawyers, signaling they may seek a harsher antitrust remedy than the White House. Meanwhile, the software giant's Windows XP formally makes its debut Thursday.
In key overseas markets, stocks were mixed. London's Financial Times-Stock Exchange 100-Share Index was down 1.2% in intraday trading, while Frankfurt's DAX was 0.9% lower. Earlier in the day, Japan's Nikkei 225 average closed with a gain of 0.7%, and Hong Kong's Hang Seng Index rose 0.2%.
In Wednesday's session, Wall Street continued to shrug off disappointing earnings news, and focused instead on hopes that low interest rates and the government's economic-stimulus program will produce a recovery.
Technology issues saw much of the buying, with the Nasdaq Composite Index rising 27.10 points, or 1.6%, to 1731.54. The Dow industrials inched 5.54 points, or 0.1%, higher to close at 9345.62, despite substantial losses in two of its components, Eastman Kodak and AT&T, which issued weak outlooks.
In major U.S. market action Wednesday:
Major stock indexes advanced. But on the Big Board, where 1.34 billion shares traded, 1,374 stocks rose and 1,743 fell. On the Nasdaq, 1.89 billion shares changed hands.
Bonds gained. The 10-year Treasury note rose 13/32, or $4.0625 for each $1,000 invested. The yield, which moves inversely to price, fell to 4.588%. The 30-year bond was up 23/32 to yield 5.330%. Early Thursday, the 10-year note was up 10/32 to yield 4.553% while the long bond was 17/32 higher, yielding 5.303%.
The dollar was mixed. Late in New York, it traded at 122.87 yen, up from 122.68, while the euro rose against the dollar to 89.35 U.S. cents from 89.07. Early Thursday in New York, the dollar bought 123.17 yen and traded at 88.27 cents to the euro.
For continuously updated news from The Wall Street Journal, see WSJ.com at http://wsj.com.
Copyright (c) 2001 Dow Jones & Company, Inc.
All Rights Reserved.

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

Kaplan Fox Seeks To Recover Losses For Investors Who Purchased E
2001-10-25 12:07 (New York)

Kaplan Fox Seeks To Recover Losses For Investors Who Purchased Enron
Corp. Common Stock

NEW YORK, NY -- (INTERNET WIRE) -- 10/25/01 -- Kaplan Fox
(kaplanfox.com) has filed a class action against Enron Corp. and
certain of the Company's officers and directors in the United States
District Court for the Southern District of Texas.  The suit is
brought on behalf of all persons or entities who purchased the common
stock of Enron Corporation ("Enron") (NYSE: ENE) between January 18,
2000 and October 17, 2001, inclusive (the "Class Period").

The complaint charges Enron Corp. and certain of its officers and
directors with violations of the Securities Exchange Act of 1934.
The complaint alleges that during the Class Period, defendants
engaged in asset and securities sales to closely related affiliates
and interested parties, which disguised Enron's true financial
position.  Many of the details of these transactions were hidden from
the public.  Defendants used these asset sales to falsely improve
Enron's balance sheet, thereby maintaining Enron shares at an
artificially inflated price.  Certain Enron executives, who held
positions in the affiliates that presented clear conflicts of
interest, reaped millions of dollars in personal gains from these
transactions.

The complaint further alleges that during the Class Period, Defendants
made misleading statements regarding the potential value of Enron's
Broadband business, in order to artificially boost Enron's share
price.  With knowledge that Enron's Broadband business would never
post a profit and was seriously overvalued, Defendants continued to
make misleading statements about the Broadband business in order to
maintain the share price at its artificially inflated levels.
Defendants used the artificially inflated value of Enron's Broadband
business to hedge against, in order to gain millions of dollars in
financing.  Defendants failed to disclose the risk of these financing
arrangements.  Defendants hid the true nature of Enron's earnings,
its hedging, its businesses, and the correct state of Enron's
finances from its investors and the market, further artificially
inflating Enron's share price.  While the stock was artificially
inflated for the above reasons, Enron executives engaged in extensive
insider trading, gaining personal proceeds of approximately $482
million during the Class Period, before the public became aware of
the above practices.

Plaintiff seeks to recover damages on behalf of the Class and is
represented by Kaplan Fox & Kilsheimer LLP.  Our firm, with offices
in New York, San Francisco, Chicago and New Jersey has many years of
experience in prosecuting investor class actions and actions
involving financial fraud. For more information about Kaplan Fox &
Kilsheimer LLP, you may visit our website at www.kaplanfox.com

If you are a member of the Class, you may move the court no later than
December 21, 2001 to serve as a lead plaintiff for the Class.    In
order to serve as a lead plaintiff, you must meet certain legal
requirements.

If you have any questions about this Notice, the action, your rights,
or your interests, please e-mail us at mail@kaplanfox.com or contact:

Kaplan Fox & Kilsheimer LLP - 805 Third Avenue,  22nd Floor - New York,
NY 10022

Kaplan Fox & Kilsheimer LLP - 100 Pine Street, 26th Floor - San
Francisco, CA 94111

Contact: Frederic S. Fox, Esq., Kaplan Fox & Kilsheimer LLP
Phone: 800-290-1952
Fax: 212-687-7714
Email: mail@kaplanfox.com

    Date      October 25, 2001
    Time      07:00 AM - 08:00 AM
    Station   CNBC
    Location  Network
    Program   The Squawk Box

              Mark Haines, co-anchor:

              Joe Kernen, what's going on?

              Joe Kernen, co-anchor:

              We've got to shift gears into this Enron situation which
              has just been--you've been talking about it quite a bit,
              David--how could you not talk about it?  Seventy-six
              million shares yesterday, down fifty percent in the last
              two weeks.  This is a company with--what?--a hundred
              million in revenues.

              James Cramer, guest market commentator:

              Maybe.

              Kernen:  Yeah, right.  Anyone who does any trading in
              energy apparently, you know, uses Enron Online, so anything
              that destabilizes Enron to a great extent could destabilize
              the whole energy trading arena and...

              Cramer:  Go ahead, say it!  Say what you're thinking!  No
              one has said it yet.  We know the truth.  We believe that
              Enron caused a national short squeeze.  They knew every
              single number in this gas situation.  They wrecked the
              California utility system and profited from it.  That's my
              bet.  My bet that this--they had--look, they were the
              market maker.  Imagine if Instinet knew what you were going
              to be buying and took it ahead of you.  I think they
              cornered the market for electricity for about four months,
              made a huge fortune and now the company is unraveling and
              when someone--when the Justice Department gets in there
              we're going to discover this.

              Kernen:  Let's see what happened...

              Haines:  Now, wait a second...

              David Faber, co-anchor:

              Whoa, whoa, whoa!  The Justice Department, Jim?  Now, is
              that new?  Is that something--

              Cramer:  No, that would be, if I were a prosecutor,
              something...

              Faber:  OK, so they are not being investigated?

              Cramer:  Well, no, I'm actually being a little forward
              thinking.

              Kernen:  The SEC wants documents about the limited
              partnership transactions of Mr.--

              Faber:  Which is very different from what Jim is talking
              about.

              Cramer:  No, I'm saying that this is what, if I were an
              enterprising prosecutor, I would say, Did we have a
              nationwide short squeeze in electricity caused by one
              company that had access to all the screens and knew exactly
              what was happening with the electricity market which then
              wrecked the California utility system, cost the consumer
              billions of dollars, and is now being hushed up?

              Kernen:  Well, let's talk about the actual news.  Here's
              yesterday's trading--

              Haines:  Wait a minute.

              Kernen:  Well, I just want to say that the guy is gone now.
              That's the new news here.  Did you read--did you know that
              Fastow, after four--

              Faber:  Late yesterday.

              Kernen:  Yeah, after four o'clock, Fastow is gone.  What's
              interesting--

              Faber:  He's the CFO--

              Kernen:  But he's a new CFO.

              Faber:  --who benefitted personally from some of these
              off balance sheet partnerships.

              Cramer:  Mark, you know, I'm not on thin ice here, I'm not
              on thin ice.

              Haines:  I just want to make sure we understand that this
              is your theory.

              Cramer:  This is my theory.

              Haines:  OK.

              Cramer:  It is just a theory.  It is my opinion.  But I
              think we've got to find out more about that short squeeze
              that occurred.

              Haines:  OK.

              Cramer:  We need to find out whether it was orchestrated.

              Kernen:  The new CFO might help regain some credibility for
              the company because he was the old treasurer who left that
              position a year or so ago because of some disagreements
              with how Mr. Fastow was doing business apparently.  So now
              he's back as CFO and we'll whether that calms the market
              down.

              Faber:  Well, what they need to do-- Joe, they need to come
              clean.  I mean, that is what all the investors in Enron and
              those who've left the company as investors over this last
              week have wanted.  Let's see everything; be as transparent
              as you possibly can be; tell us exactly what we need to
              know.  And as much as they need to come clean with their
              investors, they need to come clean with their trading
              counterparties because that is really what people are
              concerned about.

              Kernen:  Why is the credit worthiness issue such a big
              deal?  Anyone who does trading with them, if their credit
              worthiness were to go--if their credit rating were to go
              down, how would that affect energy trading?

              Faber:  Well, you want to know that they're going to be
              there on the other side and make good on the trades.

              Kernen:  I guess you would, wouldn't you?

              Faber:  Right.  Not that they aren't, but why would you--if
              you can trade with seven other guys--seven other companies,
              maybe you cut back a little bit on your exposure there.

              Kernen:  Now, why would--

              Faber:  And that would hurt their core business.

              Kernen:  Why are people expecting some type of action from
              the credit agencies, not because of the stock price, right?
              Because of something that could unravel--

              Faber:  Because of something related to these liabilities
              they may have--

              Kernen:  That they don't know about at this point.

              Faber:  --that they may have with regard to funding some of
              these off balance sheet partnerships that they backstopped
              in terms of borrowing that went on at the project level at
              the off balance sheet partnership.  Will it be a liability?
              They don't know.  But that's one of the reasons--

              Kernen:  We're talking hundreds of millions or billions?

              Faber:  They don't know.

              Kernen:  But there were billions of dollars in limited
              partners?

              Faber:  Yes.  About three billion in financing, I think is
              what some analysts estimated.

              Kernen:  This is a pretty big number.

              Faber:  Yeah, they can get to most of that with the assets
              that they have in the partnerships themselves.

              Kernen:  I use a six month chart to show what's happened
              over the last two weeks.  You got to look at here.  But if
              we went back a year, you'd see eighty as far as the high
              for Enron.  Now we're at sixteen.

              Faber:  Everybody else took a hit yesterday.  Dynegy got
              hurt.

              Kernen:  Well, I got Dynegy next.  Don't--  Here we go.

              Faber:  I'm sorry.  I'm getting a little excited.

              Kernen:  You are.

              Faber:  Enthusiastic about your charts.

              Kernen:  There's a weekly chart of Dynegy, and you know
              what's coming next, don't you?  Now I'm worried about the
              utility average.  I've worried about the transportation
              average a lot in my career.  Mark, now the utilities have
              replaced my worries.  I'm angst-ridden.  Did you see this
              chart?  We're breaking below the--

              Cramer:  That's a positive, not a negative, Joe.

              Kernen:  What's wrong with Cramer today?  What happened?

              Cramer:  I'm all fired up!

              Faber:  He really is.  My, God, he's got the DOJ getting
              all crazy, the FBI, the CIA.  You going down to En--you
              going down to Houston yourself?

              Cramer:  I may just have to.  I may have to clean up that
              whole city.

              Kernen:  Jim, why would the--that's the--now getting down
              to the lows, I mean, the other averages have come back
              quite a bit from the post-attack lows, the utilities are
              retesting those.  That's not something to worry about?

              Cramer:  No, because I think there's a lot of money going
              into more cyclical issues.  I think the economy is showing
              signs of getting better.  The consumer is certainly much
              stronger than we thought.  The base book didn't say the
              corporate was strong, but the consumer is strong.  Much
              stronger than before.

              Kernen:  All right.  In the past people have worried about
              the utility averages being a leading indicator, though.  I
              don't--we're talking about four hundred to two-ninety at
              this point.  That's a long way.

              Cramer:  This average has got a lot of problems to it, but
              I still think that--

              Kernen:  It's no longer the--

              Cramer:  --you sell this as safety.  We don't want safety
              as much as we want a little bit more reciprocality.

                        # # #


Attached is financial information which Richard forgot to hand out last
night and asked that I pass on to you.

Joy Powell
>  -----Original Message-----
> From: 	Joy Powell
> Sent:	Tuesday, November 13, 2001 11:56 AM
> To:	Richard Everett
> Subject:	WPO Forum II Financials
>
> Attached.
>
>  <<2001 Checking Account.xls>>
>
> Joy Powell
> Exec. Asst. to C. Richard Everett,
> Chairman/CEO
> Century Development
> 1980 Post Oak Blvd., Suite 1200
> Houston, TX  77056-3877
> (713) 871-5119
>
 - 2001 Checking Account.xls


George,

I agree with your suggestion, and will make the request to GE.

Kay

"George Kutzschbach" <gkutzschbach@fulbright.com> on 12/08/2000 01:55:51 PM
To: areynaud@coral-energy.com, dwhaley@coral-energy.com,
TSeigler@coral-energy.com, Ben.F.Jacoby@enron.com, Kay.Mann@enron.com,
CCampbell@KSLAW.com, JKeffer@KSLAW.com
cc:

Subject: Section 17.4.4 of Facility Agreement

The second sentence of Section 17.4.1 of the Facility Agreement should
be revised to read as follows:

"If the Maximum Liability Amount (less any unpaid portion of the
Purchase Amount) is greater than the Proper Scope Value the difference
between such amount and the Proper Scope Value (the "Refund Amount")
shall be settled between the parties in accordance with Section 17.4.4
below."


Applied Finance - May 31-June 1, 2001
in EB552   Cost:  $700.00

The objective of this program is not to teach you how to do a deal, but
rather, to give you a better understanding of how basic financial principals
contribute to the structure of a deal.    It will also provide you with
insight to Enron deals in order that you can make a contribution to the work
that goes into putting one together.

When you leave the program, you will have:

R An understanding of basic financial and accounting issues relevant to
Enron's transactions.
R A basic understanding of how Enron structures deals - the "deal space" and
how the financial principals discussed  relate to  Enron deals.
R The ability to take the financial principals and apply them to an Enron
deal.

Please login and enroll through the InvestInMe website,
http://www.corptraining.com/index.cfm?company=enron.  If you have any
questions, please call 713 853-0357.


Bianca,

Please forward a list of the current financial trades on the books between ENA and PCS.

Legal has been asked to prepare an Assignment of all PCS trades, so I must know the Deal Nos. in order to correctly capture all trades.

Thanks.

Regards,
Susan S. Bailey
Senior Legal Specialist
Enron Wholesale Services
Legal Department
1400 Smith Street, Suite 3803A
Houston, Texas 77002
phone: (713) 853-4737
fax: (713) 646-3490
email: susan.bailey@ enron.com


Hey girl!

I cleaned up December, but I don't like 12/8.  It looks like this is the day that everything went to shit.  Research has to be done.  All other days are good.

I'll keep in touch,

ds
-----Original Message-----
From: WYNDI Workman-Rodriguez [mailto:Wyndi_Workman-Rodriguez@pgn.com]
Sent: Thursday, August 02, 2001 12:09 PM
To: Thompson, Virginia
Cc: DScholt@enron.com; BILL CASEY; Shari Johnson
Subject: RE: December 2000 transmission

I have primarily looked at our sales to EPMI, so there may be more on our purchase side, but I'll have to let you know at a later time.

12/1:  deal #470853.1 - HE 22 should be 10mw, not 11mw - check presched sheet that EPMI creates (Donnie ?)  - This problem affects both sides.

12/8:  Deal #476161.1 - HE 1 should be 12mw, not 38; HE 2-6 should be 11mw, not 37; HE 23-24 should be 11mw, not 37.  Also, deal #476161.2 - HE 7-16 should be 16mw, not 0; HE 17-22 should be 15mw, not 6.  Mws were changed realtime p/EPMI's request.  This problem affects both sides.

12/19:  EPMI missing from both sales & purchase side:  HE 7-9, 2mw; HE 10-22, 4mw; HE 23 & 24, 1mw.  Check presched sheet - this was PCW interchange.

12/22:  deal#483473.2, HE 15-22, should be 11mw, not 12mw.  Check presched sheet.  This affects both sides (sales & purch).

12/23:  deal #483473.1 & .2, HE 12-22 should be 11mw, not 12.  HE 23 should be 33mw, not 34.  Check presched sheets.  This affects both sides.

Sorry, but that's all I have for now.  I have reviewed Jan & Feb. and think a majority of problems are just incorrect adders on our end.  Once we get thru July checkout, I will dive back into this !

Thanks !
Wyndi

>>> "Thompson, Virginia" <Virginia.Thompson@ENRON.com> 08/01/01 02:36PM >>>
Wyndi-

  Please send me what you have and I can at least start on that.

  Thanks again,

  Virginia

-----Original Message-----
From: WYNDI Workman-Rodriguez [mailto:Wyndi_Workman-Rodriguez@pgn.com]
Sent: Monday, July 30, 2001 11:26 AM
To: Thompson, Virginia
Subject: Re: December 2000 transmission

I was working on this Friday.  I've only made it through EPMI's
purchases, but I can give you what I have so far, if you want.  Let me
know.  I will be heading out in about ? hour, but I may be able to
finish what I'm doing and get the info to you.

>>> "Thompson, Virginia" <Virginia.Thompson@ENRON.com> 07/30/01 10:37AM
>>>

> 	Wyndi-
>
> 	  Just wondering how we are for December 2000 transmission.
> 	  The end is near.
>
> 	  Hope you're doing well.
> 	  Talk to you soon.
>
> 	  Virginia

**********************************************************************
This e-mail is the property of Enron Corp. and/or its relevant affiliate
and may contain confidential and privileged material for the sole use of
the intended recipient (s). Any review, use, distribution or disclosure
by others is strictly prohibited. If you are not the intended recipient
(or authorized to receive for the recipient), please contact the sender
or reply to Enron Corp. at enron.messaging.administration@enron.com and
delete all copies of the message. This e-mail (and any attachments
hereto) are not intended to be an offer (or an acceptance) and do not
create or evidence a binding and enforceable contract between Enron
Corp. (or any of its affiliates) and the intended recipient or any other
party, and may not be relied on by anyone as the basis of a contract by
estoppel or otherwise. Thank you.
**********************************************************************


Good morning Mr. Bandini:

I am Dr. Kaminski's assistant and he has asked me to forward a copy of
his "bio" and the following information to you.

Dr. Kaminski's Email Address: vkamins@enron.com
Telephone Number:  713/853-3848

Thank you for your interest.

Sincerely,

Shirley Crenshaw
Administrative Coordinator
Enron Corp. Research
713/853-5290
email:  scrensh@enron.com


What many of you have probably sensed was going to happen has now officially
been confirmed: As of June 11,  Steve Hall will be changing his status from
full time Enron-dedicated outside counsel to  full time Enron employee ,
reporting to Elizabeth Sager in Houston.

 Coming as it does, at a time when trading legal expertise is much in demand
in the market, this is a very positive event.  Our team will no doubt
continue to benefit from Steve's significant contributions.  ---cgy


Transmission Expansion and Systems in Transition Conference

Feb. 5-8, 2002, Miami, Florida

OVERVIEW

This conference will examine the business and regulatory challenges to U.S. electric systems in transition in effectively expanding transmission capacity to meet new demands in the larger and more competitive regional markets emerging under FERC's RTO initiatives.  The conference will review the parameters of these challenges and possible solutions to them.  It will examine technology options and new business models for transmission expansion.  It will analyze emerging proposals for effective transmission planning and pricing, including market-based pricing alternatives to FERC's traditional pricing methods. The conference will also discuss what it will take in legislative action and regulatory initiative to achieve an efficient regime for ensuring that the nation has a reliable grid and regional trading system.

The brochure for the Conference and associated Workshops can be obtained by clicking on the link below:

http://www.euci.com/pdf/trans_expn.pdf

Electricity Market Design Conference

March 25-26, 2002, Atlanta, Georgia

OVERVIEW

This Conference will focus on how to design competitive electricity markets that maximize the benefits to consumers while at the same time maintaining the financial viability of companies participating in these markets.

The brochure for the Electricity Market Design Conference, March 25-26, 2002, Wyndham Hotel Downtown, Atlanta, GA can be obtained by clicking on the link below:

http://www.euci.com/pdf/MrktDesgn.pdf

Power Generation Asset and Portfolio Management Conference

March 26-28 2002, Atlanta, Georgia

OVERVIEW

This conference will highlight the commonalties and common applications between the asset management processes used throughout the enterprise.  The conference will emphasize the need to link the physical power generation asset management processes to the activities and processes of the trading and marketing process.  The processes of Asset management will be addressed from three distinct perspectives, first, the long-term perspective of portfolio developers, second the more medium term perspective of maintenance/system planners and third the conference will link short term issues of the trading & marketing departments. The purpose is to show how these processes can be integrated to the individual assets (plants) in order to provide consistent and profitable strategies for the generation asset owner.

The brochure for the Power Generation Asset and Portfolio Management Conference, March 26-28, 2002, Wyndham Hotel Downtown, Atlanta, GA can be obtained by clicking on the link below:

http://www.euci.com/pdf/powergeneration.pdf

Ancillary Services Conference

April 10-12, 2002, Denver, Colorado

OVERVIEW

As more and more regions in North America open wholesale markets to competition, the importance of ancillary services is increasingly recognized. These services, generally provided by the same generators that produce the competitive energy product, are vital for both commerce and reliability.

This conference will cover the key engineering, economic, market, and policy issues associated with these functions. The conference will also present updates on the status of the various markets (including market design and operation problems and their solutions, successes, prices and costs) in North America. These markets include New England, New York, PJM, ERCOT, and Alberta. Developing markets, such as Ontario, will also be covered. The market designs encompass issues such as day-ahead scheduling, real-time operation, integration with the markets for energy and congestion, measuring the real-time delivery of these services, the operating costs to produce these services, and the potential for customer loads to supply these services.

The brochure for the Ancillary Services Conference, April 10-12, 2002, Wyndham Hotel - Tech Center, Denver, CO can be obtained by clicking on the link below:

http://www.euci.com/pdf/anc_svcs.pdf

Please print the brochure and fax the registration form back to us at 303-741-0849 if you would like to attend any of these events. You can also register by calling us at 303-770-8800 or online.

We have updated our website to include new conference proceedings on recently-held "Electric Power Market Performance", "Performance-Based Ratemaking", "Ancillary Services", "Performance Management for Electric Distribution Companies", "Power Generation Asset Management", and "Power T&D Asset Management" conferences. Please visit www.euci.com and review the conference proceedings section for these and other proceedings.

Kindly forward this announcement to your colleagues who might benefit from attending these events.

Best Regards,

L. Mrig

Electric Utility Consultants, Inc. (EUCI)

5555 Preserve Drive

Greenwood Village CO 80121

Tel: 303-770-8800

Fax: 303-741-0849

lmrig@euci.com


---------------------- Forwarded by Eric Bass/HOU/ECT on 08/17/2000 12:15 PM
---------------------------

Shanna Husser@EES
08/17/2000 12:09 PM
To: Eric Bass/HOU/ECT@ECT, ccampbel@tosco.com, jkcarruth@fedex.com, Joey
Esperance/LON/ECT@ECT, JLGaither@equilon.com, BZ202449@msxssc.shell.com,
Michelle LeBlanc/Corp/Enron@ENRON, gary_l@deq.state.la.us, bowmanja@us.ibm.com
cc:
Subject: LSU Is Ranked Party School Champ

---------------------- Forwarded by Shanna Husser/HOU/EES on 08/17/2000 12:06
PM ---------------------------

Staci Roy <staci@mcgarr.com> on 08/17/2000 12:00:49 PM
To: "'Amy Brown'" <whoop_97@hotmail.com>, "'Dave Sheffield (work)'"
<sheffidw@WellsFargo.COM>, "'Shanna Husser'" <shusser@enron.com>, "'Tasha N.
Devall'" <Tasha.Devall@ey.com>, "'Williams, Denise'"
<Denise_Williams@fmi.com>, "Barrow (E-mail)"
<Barrow_Peacock@Mail.BankOne.Com>, "Brett Roy (E-mail)"
<brettr@vistacreek.com>, "Heather Boshears (E-mail)"
<heather.boshears@us.pwcglobal.com>, "Jennifer Bonura (E-mail)"
<jennifer@chescom.net>, "Joe Thomas (E-mail)" <jthomas@mail.smu.edu>,
"Michele Colls (E-mail)" <Michele084@aol.com>, "Mom & Dad Roy (E-mail)"
<kjroy@attglobal.net>, "Robin Hughes (E-mail)" <Mshuggies@aol.com>
cc:
Subject: LSU Is Ranked Party School Champ

LSU Is Ranked Party School Champ
Distinction Disappoints University  Officials
BATON ROUGE, La., Updated 9:13 p.m. CDT August 16, 2000 --It's a  distinction
officials at Louisiana State University wanted to avoid, but now  the word is
out: LSU has been ranked the No. 1 party school in the Princeton  Review of
the nation's top colleges.
Despite seminars on alcohol abuse and  new policies for fraternities and
sororities regarding alcohol consumption,  LSU edged out the University of
Alabama for the top spot. The University of  Texas "won" third place.
Chancellor Mark Emmert said LSU is no more a party  school than any other
university.
The Princeton ranking was disheartening  news to university officials still
shaken after the Aug. 19, 1997, death of  an LSU student who drank
excessively during a celebration of his acceptance  into a fraternity.
Brigham Young University was dubbed the top "Stone Cold  Sober" school in the
review.

The top 20 "Party Schools," according to the Princeton Review:
1.  Louisiana State University
2. University of Alabama
3. University of  Texas
4. Florida State University
5. University of Colorado
6.  University of Tennessee
7. University of California at Santa Cruz
8.  Tulane University
9. University of Wisconsin
10. Ohio University,  Athens
11. University of New Hampshire
12. University of Michigan
13.  University of Vermont
14. Ohio State University
15. New York  University
16. Lehigh University
17. Southern Methodist University
18.  University of Florida
19. University of California at Santa Barbara
20.  Union College
The top 20 "Stone Cold Sober Schools," according to the Princeton  Review:
1. Brigham Young University
2. Wheaton College
3. California  Institute of Technology
4. U.S. Naval Academy
5. U.S. Coast Guard  Academy
6. Samford University
7. Cooper Union
8. Wellesley  College
9. Mount Holyoke College
10. Calvin College
11. Haverford  College
12. Golden Gate University
13. U.S. Air Force Academy
14.  College of the Ozarks
15. Grove City College
16. Wells College
17.  Simmons College
18. Illinois Institute of Technology
19. Colorado School  of Mines
20. Rose-Hulman Institute of Technology


Lee informed me today {7/12th}  that Global Octane has experience
"operational" problems beginning last night and will be down until further
notice.

  Note:  This outage is considered "Force Majeure"  thus, whatever flows
during this time period should be allocated to the "term" deal.

 Lee was very specific toward this issue not being a buyback.

Howard, Please forward this information to whomever need it in
Settlement....thanks.


I would call her...  Not today (its a holiday) but tomorrow........(954) 765-2090

-Joe

 -----Original Message-----
From: 	Peters, Elizabeth
Sent:	Monday, October 08, 2001 8:30 AM
To:	Stepenovitch, Joe
Subject:	RE: FW: Suzette's friend

Hey Joe-
I will send the answers to your Mom directly, but the reason I have moved around at Enron is b/c I was in the associate program. As you know, we rotate every six months.  The reason I am looking for something new in Florida is because that is where my boyfriend is and since we are talking about getting engaged, we both think it would be much more successful if we lived in the same place (just kidding).  Thanks again and I hope you enjoyed yourself in Vegas.
Beth

 -----Original Message-----
From: 	Stepenovitch, Joe
Sent:	Monday, October 08, 2001 7:24 AM
To:	Peters, Elizabeth
Subject:	FW: FW: Suzette's friend

Good Morning Beth,

Sorry I didn't get back in touch with you last week, but I was in Las Vegas.  If you would could you please answer these questions or If you want you can call my mother directly (its your call).  Let me know what you decide...  Have a nice day.

-Joe

 -----Original Message-----
From: 	linda.stepenovitch@bankofamerica.com@ENRON [mailto:IMCEANOTES-linda+2Estepenovitch+40bankofamerica+2Ecom+40ENRON@ENRON.com]
Sent:	Thursday, October 04, 2001 9:04 AM
To:	Stepenovitch, Joe
Subject:	Re: FW: Suzette's friend

Joe,
I have a couple questions.
1. Why is she looking for a new job?
2. She does not seem to stay very long in one position.  I would question
why?

Her resume looks great but I sense something with her that you need to
convince me otherwise before I forward to Personnel.
Love,
Mom
I have Alyssa with me for three days.  She talked about you all night last
night.  I'm not sure why. She really wants you at her birthday party.  I
told her you would see her on Friday.


Steve, draft list of meetings attached together with preliminary briefing
notes.
---------------------- Forwarded by Nicholas O'Day/AP/Enron on 10/11/2000
08:05 AM ---------------------------

Nicholas O'Day
09/26/2000 08:09 PM
To: Rosalee Fleming/Corp/Enron@ENRON
cc:

Subject: Ken Lay meetings

Rosalee, I attach a draft list of meetings for Mr Lay for the 31October and 1
November. The purpose of sending you the list now is to give you a general
idea as to the type of meetings we are considering. I also attach a brief
background note on each meeting.

I will be sending you a full briefing pack for Mr Lay prior to the visit. In
the interim please let me know if you have any questions in relation to the
attached.

A couple of housekeeping questions:
I understand that Mr Lay has an allergy to shell fish. Is that restricted to
eating or does it extend to smell - ie do we need to eliminate shellfish from
the buffet. In addition, we propose including sushi in the buffet. Same
question - would this pose a problem for Mr Lay?
What standard of hotel accommodation would be appropriate for Mr Lay. We have
reserved a range of rooms for Enron people at the Hotel Okura (part of the
Leading Hotels of the World group), venue for the office opening and press
conference.

I look forward to hearing from you.

kind regards


i had to wake up early on sunday so i didnt feel like going.  were there a
lot of hotties?


The expiry should be 2003, and it's been changed. Thanks for catching that.

Kate

	From:  Kimberly Allen                           02/22/2001 01:08 PM

To: Kate Symes/PDX/ECT@ECT
cc:

Subject: Re: Incorrect Expiry Date

Your so smart:) #522101.01

   Kate Symes                02/22/2001 02:59 PM

To: Kimberly Allen/HOU/ECT@ECT
cc:
Subject: Re: Incorrect Expiry Date

I don't see a deal number.....? Is it a missing deal?

	From:  Kimberly Allen                           02/22/2001 12:58 PM

To: Kate Symes/PDX/ECT@ECT
cc:

Subject: Incorrect Expiry Date

Kate, this trade has an expiry date of 2001 when it is suppose to be 2003.
Mike Driskil entered the trade. I have BPA's confirm that also verifies and
the notes in the bottom of the comment section. Please change if correct.

Thanks,

Kimberly


Please review the POGO work order at N:/homedept/facility/tw/tw_2001/pogo
ic.xls.  Let me know when I can take it to Marketing for signatures.

Thanks PT


Jim

My feeling is that FERC is not going to change its RTO plans because of this possible interference from the Texas PUC

A possible scenario is SPP to ask permission to continue the implemantation of a new settlement and congestion management system. A good point for internal discussion is: To what extent  we want to oppose to those changes ? (which seem to be aligned to our recommendations, but those may imply additional SPP resources)

Christi - What do you think?

 -----Original Message-----
From: 	Steffes, James D.
Sent:	Wednesday, October 24, 2001 4:04 PM
To:	Maurer, Luiz; Nicolay, Christi L.; Ryall, Jean
Subject:	RE: Texas Comission supports prompt implementation of SPP

Luiz -

I would like to schedule a phone call with Nick and the PUCT staff to understand the implication of this...  Maybe he isn't asking for too much, but let's get some clarity before we say anything at FERC.

Can you please set something up with you, Christi, Jean and me for Friday pm and then we'll go outside next week??

Jim

 -----Original Message-----
From: 	Maurer, Luiz
Sent:	Wednesday, October 24, 2001 2:00 PM
To:	Steffes, James D.
Subject:	Texas Comission supports prompt implementation of SPP

Jim

You were right. SPP is going to use this episode as a lever to be "promoted" to an RTO.

Texas is recommending three steps to introduce competition at Texas-SPP. One is described as follows:

*	Support the SPP's efforts to begin wholesale market operations: Mr. Brown, Vice President of SPP, testified that SPP can begin wholesale market operations and complete systems testing by April 1, 2002. He has requested that the SPP Board approve his recommendation to start to wholesale market operations. This Commission should support that process by:

-	Requesting in writing that the SPP Board begin wholesale operations as soon as possible with a target date of completing systems testing by April 1, 2002.
-	Advising FERC of the need to support SPP wholesale market operations. While Mr. Brown testified that the recent July and September Federal Energy Regulatory Commission (FERC) orders regarding SPP's start up expenditures will not impede SPP from implementing wholesale market operations, this Commission should advise FERC that the findings from our hearing show the need for FERC to fully support SPP wholesale operations startup.


Quick question:

Do the heat rates you have in your spreadsheet change with the addition of
chillers?  We are looking at an LM6000 deal in Entergy in which the customer
would add chillers (no cost to us) and I wonder if this changes heat rate.
Thanks for your time,

Claire
X 3 0390
---------------------- Forwarded by Berney C Aucoin/HOU/ECT on 03/28/2000
10:43 AM ---------------------------

Benjamin Rogers
03/27/2000 09:48 AM
To: Berney C Aucoin/HOU/ECT@ECT
cc: Scott Healy/HOU/ECT@ECT, Mike J Miller/HOU/ECT@ECT
Subject: heat rates

Here are the Regional Heat Rates that should help you with the structuring
models.  Give me a call if you have any questions.
Ben
---------------------- Forwarded by Benjamin Rogers/HOU/ECT on 03/27/2000
09:44 AM ---------------------------

Bruce Golden@ENRON_DEVELOPMENT
03/27/2000 09:26 AM
To: Benjamin Rogers@ECT
cc:
Subject: heat rates

Ben

the four regional heat rates

Bruce


Paul,

If you are coming to Houston for bidweek would you give my group a quick
presentation on future rockies expansions?  Please let me know and I will set
up a conference room if you can do it.

Thanks
Hunter


send me your resume.


---------------------- Forwarded by Don Miller/HOU/ECT on 10/23/2000 08:50 AM
---------------------------

"Stuart Zisman" <zisman@hotmail.com> on 10/22/2000 06:16:55 PM
To: Don.Miller@enron.com
cc:
Subject: Re:

See the attached and feel free to call with any questions

>From: Don.Miller@enron.com
>To: Zisman@hotmail.com
>Date: Sun, 22 Oct 2000 17:33:06 -0500
>
>(See attached file: DPL Wheatland Questions.doc)
><< DPLWheatlandQuestions.doc >>

_________________________________________________________________________
Get Your Private, Free E-mail from MSN Hotmail at http://www.hotmail.com.

Share information about yourself, create your own public profile at
http://profiles.msn.com.

 - DPLWheatlandQuestions[1] SRZ Comments.doc


2nd memo to Rick last night.
---------------------- Forwarded by Jean Ryall/NA/Enron on 04/26/2001 10:02
AM ---------------------------

Jean Ryall
04/26/2001 12:49 AM
To: Richard Shapiro/NA/Enron@Enron
cc:

Subject: HB 2107 update and PUCT ruling

The PUCT ruled today that the utilities' excess earnings balance will be
credited to the wires...amortized over 7 years with 7.5% interest beginning
Jan 1, 2002.  (Trueup was not until 2004).  Utilities are unhappy however,
this is the direction the commission had indicated they were heading a few
weeks ago.  The excess earnings total over $6 billion dollars (new numbers
came out today).

I visited with Rep. Turner today after the commission's ruling, AECT set up a
meeting with him to cut a deal.  Our commitment with Turner is that he will
not harm the headroom created in SB 7 and subsequent PUCT decisions.  Turner
was not completely happy with the commission's order because he was hoping
for a larger refund check to rate payers.  Our amendment to HB 2107 (which
refunds the excess earnings to the wires) is in line with the commission's
decision.  When we signed on board with Turner, he said that if we stood with
him, he would protect our interest.  Thank you for letting us get on board
with him.  The IOUs are trying to cut a deal with him and because we stood
with him...our interest should come first (as he has stated).

During the HB 2107 committee hearing in March, Baker (TXU)  indicated that
excess earnings should be returned to the wires (in 2004 trueup).  (I am
getting the transcript of that hearing in the morning to confirm my memory).

In a hearing on Nov 8, 2000 at the PUCT, Shaeffer ( Reliant) testified "We
believe that if we overrecover stranded investment, that we're going to
refund the dollars down to the book value".  Of course he meant during the
2004 trueup, however, with the overcollection reaching $6 billion - and with
today's commission ruling - a refund of the overcollection before 2004 is
inevitable.

Chairman Wolens (off the record) indicated today that HB 2107 would go to
conference.  I think it is safe to infer he thinks the bill will pass the
House and move to the Senate.  Turner has worked the Black Caucus, Hispanic
Caucus and the Democratic Caucus.

Rep. Counts (West Texas Conservative D) stood with Turner at the press
conference along with Rep. Bailey and Rep. Hodge...each of them advocated for
a refund of the overcollection.  (At the press conference Turner stated that
he would drop his bill and wait until the 2004 trueup if the utilities would
agree to keep everyone's lights on until the 2004 trueup.) The bill is likely
to be heard on the House floor next Tuesday.

I did not provide comments/quotes to Fort Worth Star Telegram...they were
told I was at the Capitol at a hearing.  I am working on a formal statement
and gathering the support of other market participants with our interest to
sign on.  I will run that by you before anything goes out.

Thus far, Enron, Calpine, New Energy, Strategic,  and Excelon are willing to
publically support our amendment to HB 2107.  (Others are supporting it but
won't come out of the closet because they fear the utilities.) We are talking
to Shell on Friday.  (They got confused and are supporting the bill as
filed...which hurts headroom...they like our amendment but want to talk
Friday before supporting it.)

Thanks for your help with this, Jean


POCCC Owners:

There will be a Board of Directors meeting on Tuesday, October 30, 2001
at 12:00 noon at the offices of Tri-C Resources, 909 Wirt Road.  The
meeting agenda is attached.  Everyone is invited to attend.  It's brown
bag.  We can cover any issues not on the agenda as well.  Again, I would
like to keep the meeting to one hour, if possible.

Thanks,
John Wallace

Meeting Agenda 10 30 01

 - Meeting Agenda 10 30 01.doc


Kim
Talked to SSCC today regarding natural gas contracts for  CA.?
Wanted a summary from Enron on pricing you could provide  for
1) Month to month deal for all facilities
2)? One year term deal for all facilities less LA Vernon  and month-month for
LA Vernon.
3) One year for all facilities.
I know that the box plants are benefiting from LA Vernon on  the Index
deal.?Too many variables still exist to lock into long term Index  deal for
LA Vernon.? Can you price them separately?
Lynn
***********************************
?
Lynn Bracken
Energy Manager
Summit Energy Services,  Inc.
9920 Corporate Campus Drive
Suite 2000
Louisville, KY  40223
502-429-3800


Julie,  The attached spreadsheet contains all the parties and volumes, but I
am still missing some contract numbers.  The Denver office is trying to round
up that info.  Kern probably has all the contract numbers and could fill
those in.


Dear Larry,
?
The electronic copies of the Transwestern  Compressor stations reports
completed by Statistical Research are attached as  PDF files. The reports are
considered to be drafts and we look foward to  receiving reviewers comments.
There are three PDF files:
?
transwest1 which contains the report for compressor  station 1;
?
transwest1_sitecard which contains the ASM site  card for the site recorded
at compressor station 1 and;
?
transwest2 which contains the report for compressor  station 2.
?
I have also FedExed a hard copy of these documents  to Bret Fritch for AM
delivery tomorrow.
?
Best regards,
?
Ed Huber
Statistical Research, Inc
Senior Project  Director
 - transwest2.pdf
 - transwest1_sitecard.pdf
 - transwest1.pdf