Thane -- Would you speak with John Forney agian and then try to reach Ken Saathof to reconfirm that OOMC is essentially a "be ready" instruction, rather than a "be running" instruction?  John Forney said that John Adams will today seek guidance from his boss on this matter, and it would be good if Ken Saathof could confirm this back to Adams.    We are seeking to get this quickly resolved so that ERCOT will direct an OOME dispatch, (electronically, or if need be, by an ERCOT dispatcher's phone call)  before Frontera has to run its plant.  Please bring me in as necessary and keep me informed of progress.  We will want to get Doug Gilbert-Smith's input on whether preparations should continue on making the RMR argument to the PUCT as to plants positioned like Frontera, even if the specific issue as to Frontera is favorably resolved in the next few days. --David

 -----Original Message-----
From: 	Twiggs, Thane
Sent:	Thursday, November 15, 2001 9:01 AM
To:	Nicolay, Christi L.; Yeung, Charles; Maurer, Luiz
Cc:	Ryall, Jean; Steffes, James D.; Portz, David; Forney, John M.; Gilbert-smith, Doug; Day, Smith L.
Subject:	RE: ASAP please: ERCOT Questions OOMC & OOME

Here are a few additional points:

I spoke with Ken Saathoff at ERCOT last week (he is the director of technical operations) and he agreed that an OOMC instruction is essentially a "be ready" instruction and an additional OOME or another type of unit specific instruction is necessary for the plant to deploy. He is John Adams boss, so there is a disconnect between the two levels.  In addition to Kent, I spoke to Mark Walker the senior corporate counsel regarding payment, or lack thereof and he suggested that the only method would be to dispute the settlement statement and use that process.  Going forward however, that is not an effective mechanism due to the delay in payment and the necessity to prove your cost structure.

In speaking with Forney a few minutes ago it sounds like he may have convinced John Adams, but I would be happy to call Kent Saathoff if you feel that would help.

 -----Original Message-----
From: 	Portz, David
Sent:	Wednesday, November 14, 2001 6:12 PM
To:	Nicolay, Christi L.
Cc:	Gilbert-smith, Doug; Baughman, Edward D.; Miller, Jeffrey; Forney, John M.
Subject:	Ercot Questions OOMC & OOME

Forwarded as discussed.  Doug Gilbert Smith has asked that your group draft a complaint to the PUCT regarding this misinterpretation of the Protocols by the ERCOT ISO, which effectively requires a generator called on for the OOMC ancillary service to run its plant, and sidesteps the obligation to pay an OOME price component when the plant's output is utilized by ERCOT.  The OOMC compensation is currently negligible (and recovery of actual costs under Protocols Sec. 6.8.2.1(6) may take a long time), and the OOME compensation has various problems as well: (1) the more ERCOT calls on a plant for OOME, the the lesser the OOME price paid (Protocols Sec. 6.8.2.2 -- Heat Rate value decreases), and (2) plants directed to provide, say, 135MWs of OOMC/OOME, are not allowed to generate above 135 MWs in an interval (thus running the plant economically at a lower heat rate) to sell the excess in the marketplace. The Frontera plant, a customer of EPMI acting as QSE, is located such that ERCOT is and will be consistently telling the plant via its QSE to provide OOMC -- to produce energy going north on a line in South Texas. Doug says we should advocate to the PUC that plants in such a position should be Reliability Must Run ("RMR") and be paid at an adequate premium for their support of the system' reliability.

I noted to you as well that this is likely to be a dispute with ERCOT over the interpretation of the Protocols, conducted under Protocols Section 20, and we would appreciate any reg. group efforts toward preparation for iinitiating such dispute.  Frontera has indicated they will not provide OOMC tomorrow even if ERCOT tells us, their QSE that it should be dispatched. Thus we are caught in the middle.  The legitimate bases for not complying with an ERCOT dispatch instruction are stated in Protocols Section 5.4.4(2): "threat to safety, risk of bodily harm or damage to the equipment, or otherwise is not in compliance with these Protocols".  Though the Protocols Sections 1-22 seem to recognize as to other capacity- oriented ancillary service products that it is 'generating capacity available but not energy delivered to the grid', I have not seen this made clear as to OOMC.  The Operating Guides' definition of OOMC, page 21 seems to recognize this however, and Section 2B of the ERCOT Market Guide, p. 8 (Feb 22, 2001) recognizes the distinction between capacity and generated energy clearly in support of the position stated by John Forney below.

Sorry for the long e-mail -- I was trying to provide a statting point for your group.
  -----Original Message-----
From: 	Forney, John M.
Sent:	Wednesday, November 14, 2001 12:27 PM
To:	Portz, David; Gilbert-smith, Doug
Subject:	Ercot Questions

David,
I need some help with an Ercot protocol interpretation:

Frontera has been issued  OOMC requests by the ISO on numerous occasions, starting September 14th.    This Out of Merit request is issued if no mkt bids exist to solve congestion, whether local or zonal.
The OOMC, as I understand it,  reserves capacity for Ercot and the premium is predetermined based on a formula mentioned in the protocols.   The formula is based on the replacement reserve clearing price,  which currently is zero.   This is because the replacement reserve market is non-existent.  An announcement on how the OOMC capacity payments will be calculated is due out this week,  per Mark Patterson.

The second component of this option is OOME.    This is a request for actual energy related to the OOMC option.   The strike price is calculated from a preset heat rate multiplied by the HSC daily price, as mentioned in the protocols.  So the OOMC/OOME ws designed to work like the ancillary services with a capacity award and an energy component.  I think that this is the spirit of the OOM's, as mentioned in Section 6 of the Protocols.

Here is the problem:
the head of Ercot Market Operations,  John Adams,  interprets the protocols to mean that OOMC requries the plant to be generating.     When Ercot dispatchers had issued an OOMC,  they quickly followed up to ask us why we were not generating into the grid.
We explained to them, on numerous occasions,  that we dont believe OOMC means run.   If they wanted us to run,  then they would need to issue an OOME for the actual energy component.    I asked my employees to clarify with Ercot whether we were being asked to run,  yes or no.    When instructed to run by Ercot,  we had to assume that we were settled based upon the OOME calc, as we were previously under OOMC orders.

I sent at least three e-mails to my Ercot rep,  Mark Patterson regarding this issue.   I finally caught him by phone and he relayed that he thought Ercot's  intrepretation was correct.    For all of the times that we ran,  at their request,  we werent going to be paid based on the OOME heat rate calc,  rather we were going to receive the balancing energy price ( a penalty for Resource Imbalance).   For example,  in the early morning hours we would receive as little as $1 for electricity that cost $27 to generate.   Mark also mentioned that when they said run,  they expected us to sell to someone else,  or just generate into the imbalance.    Mark told me "dont worry,  you can file to receive your generation expenses in the event that you lost money."

Here is my view:
OOMC does not mean run.  It means have the capacity available in the event Ercot calls,  much like replacement,  responsive reserve and non-spinning.
Ercot's interpretation is being decided by the Manager of Mkt Operations,  a group supposedly unconcerned with price.
If OOMC means to run,  then why would the protocols contemplate, or need OOME?  They would never have to pay OOME if we were already running into the imbalance.
OOMC is an option and the exercise is OOME.   This is basically the disagreement.    This could very well be a $500,000 issue for Frontera.
Why would anyone generate for $27 and dump to the imbalance mkt at $5 in hopes of filing for a "breakeven."   Ridiculous.

I spoke with Bill Kettlewell with Customer Relations and he had "no comment" on whether OOMC means to generate.  Mark Patterson now also has "no comment."
Bill and Mark said that we needed to file a dispute in order to receive closure on the OOM capacity payment.   I suspect that we will follow this same path when we file for OOME reimbursement vs.  the imbalance price we will receive.

I had instructed my employeess to refuse to turn on the plant   (in response to an OOMC) until we receive an OOME instruction.   This has compelled  Ercot to deploy an OOME request to us, because they need  to have us online to control local congestion.   Would this not be an omission that their view was incorrect?  Section 5.4.4 says that a QSE may fail to comply with an Ercot directive if it causes a safety concern, or ,  Ercot is not in compliance with the Protocols.  The latter is in effect.
Ercot is now telling us that they cannot instruct us, or give us an OOME deployment,  unless we are already runnnig.    I think that this is a software issue, not a protocol issue.
We worked out an interim compromise with Ercot until this issue can be settled.  Once we have been OOMC'd,  we will start to gen.   Once we reach full load,  we will request an OOME.   If they dont comply,  we will shut down the unit.    Ercot said that " it was entirely reasonable that we would  request to be compensated in the form of an OOME."
The Ercot dispatchers are complaining that OOME requires them to send an instruction every 15 minutes.   Is this why we are not getting the OOME instruction on a regular basis?

Finally,  I stressed to Ercot that I wasnt trying to manipulate prices, via OOME or force Ercot into a corner.    It just is not the right economic environment to generate for $27 and sell for $5.    Further,  operations personell at Ercot have frelayed their displeasure with me for "forcing them to OOME our plant."

Can I get an opinion on whether OOMC means to run?   If you agree with me,  what is our next step?  I need to move aggressively on this issue.

Thanks,

JForney
37160


I forwarded your request to Luchas Johnson.  He runs the G-Daily-Est book.

DG    3-9573
---------------------- Forwarded by Darron C Giron/HOU/ECT on 12/08/2000
11:56 AM ---------------------------

	Enron North America Corp.

	From:  Darron C Giron                           12/08/2000 10:56 AM

To: Luchas Johnson/NA/Enron@Enron
cc:
Subject: G-Daily-Est deals that need to be fixed

---------------------- Forwarded by Darron C Giron/HOU/ECT on 12/08/2000
10:56 AM ---------------------------

Stacey Vallejo
12/08/2000 10:46 AM
To: Darron C Giron/HOU/ECT@ECT
cc:
Subject: G-Daily-Est deals that need to be fixed

Hi again Darron

Here are some more deals that need to be flipped out of the G-DAILY-EST book,

QC3611.1
QC4110.1
QC4394.1
QC4496.1
QC4506.1

Can you please also go through this book to see if there are any more deals
between ECC and another counterparty.  These need to be fixed right away this
morning as I need to invoice and settle them today.  Please call me if you
aren't the person who handles this book, and please forward this message on
to the person who does.

Thanks for your help
Stacey


George,

Here is a spreadsheet that illustrates the payout of investment and builders
profit.  Check my math, but it looks like all the builders profit would be
recouped in the first year of operation.  At permanent financing $1.1 would
be paid, leaving only .3 to pay out in the 1st year.

Since almost 80% of builders profit is repaid at the same time as the
investment, I feel the 65/35 is a fair split.  However, as I mentioned
earlier, I think we should negotiate to layer on additional equity to you as
part of the construction contract.

Just to begin the brainstorming on what a construction agreement might look
like here are a few ideas:

 1.  Fixed construction profit of $1.4 million.  Builder doesn't benefit from
higher cost, rather suffers as an equity holder.

 2.  +5% equity for meeting time and costs in original plan ($51/sq ft, phase
1 complete in November)
      +5% equity for under budget and ahead of schedule
      -5% equity for over budget and behind schedule

This way if things go according to plan the final split would be 60/40, but
could be as favorable as 55/45.  I realize that what is budget and schedule
must be discussed and agreed upon.

Feel free to call me at home (713)463-8626

Phillip


The report named: NG - PROPT P/L <http://trv.dev.corp.enron.com/linkFromExcel.asp?report_cd=11&report_name=NG+-+PROPT+P/L&category_cd=5&category_name=FINANCIAL&toc_hide=1&sTV1=5&TV1Exp=Y&current_efct_date=06/08/2001>, published as of 06/08/2001 is now available for viewing on the website.


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A couple of people have asked me similar questions that I'm not sure I
wanted to spend a lot of time on tommorow but that others would probably
find interesting.

> In class we talked about how monetary policy had no discretion when
> interest rates are fixed (they essentially have to follow the lead of the
> country you are fixing to). But we also talked about Argentina (or Brazil?,
> I don't have my notes with me) fixing to the dollar, but that interest rates
> were still higher because of the risk factor. Can you explain a bit more
> about how those two coexist?

also.....

> 1.      What is the difference between pegging your currency versus having a
> fixed exchange rate?  I assumed they were the same and that the only option
> available to countries that pegged/fixed exchange rates was to
> devalue/revalue their currency in specific situations - but NOT have the
> ability to change interest rates since their currency is fixed  But time &
> againg, you read (in the FT) about countries (with pegged/fixed systems)
> making a trade-off between changing interest rates (which I understood was
> not allowed) or devalue/revalue their currency.  Also, does the presence of
> a currency board versus having a central bank make a difference?  This is
> especially confusing in understanding the effects of Argentina peggin to the
> dollar and it's impact......

First pegged exchange rates are the same as fixed exchange rate.  A
currency board goes further by promising by law that you will not change
the fixed rate (ie devalue).

In reality, r = r* does not hold perfectly.  It is a simplification
which we use to explain why under a fixed exchange rate system monetary
policy is inneffective...that there would be infinite capital flows to
the country with a higher interest rate.  I would read through Mankiw p
315 to 318 for a discussion on the risk premium which addresses your
question.

Now, the situations you refer to where a country chooses between
devaluation or raising interest rates occurs because a country is
drawing down its foreign reserves and despite the fat that r = r*, money
is flowing out. You can think of this as the introduction of a risk
premium, theta.  So that r = r* + theta. So r must now be raised in
order to preserve the capital flow equilibrium.

Without foreign reserves the central bank cannot honor the fixed
exchange rate.  Its choices then are either to raise the interest rates
sharply to preserve the currency or to devalue thereby raising net
exports and making it more expensive for foreigners to sell the domestic
currency (ie pesos) for dollars.  In the Mexico example in Mankiw, the
country did not raise rates and was eventually forced to devalue.

Often the idea is that a country should take the step to devalue before
it is in a crisis situation if it is not willing to cause a recession to
keep the exchange rate fixed.  This is what the IMF advised the Asian
countries months before the crisis.  They did not want to because of
credibility issues and fears that devaluing itself might precipitate a
crisis and raise the risk premium.  The problem is that if you wait too
long it becomes a fate accompli.

A currency is advocated by some because it replaces the central bank
with "a cash register" and solves the credibility issue.  The main
drawback is that you may have to cause a recession to honor your
exchange rate.


As far as Reliant / Mirant goes, they've pretty well covered the bases.  A simple intervention would cost virtually nothing.  A short intervention in support gets up there pretty quickly at Bracewell- about $5k- which, however, could probably be split 50-50 with Coral.
Let's discuss the CAISO filing; I thought we had decided to go with IEP but let's consider.  I talked to Erin Perrigo at EPSA and she will touch base with Julie Simon to determine whether they have plans.  Ray

 -----Original Message-----
From: 	Comnes, Alan
Sent:	Tuesday, October 23, 2001 1:27 PM
To:	Mara, Susan; Alvarez, Ray; Steffes, James D.
Subject:	CAISO Status report on creditworthiness and  Reliant-Mirant Complaint

I just learned that FERC has noticed both of these filings and comments are due on Monday.

We need to intervene in both at a minimum.  IEP will be filing comments but we must determine whether separate EPMI comments will also be needed.

Alan Comnes


Yuck.  I am eager to discuss this with you both.  DF

	From:  John Goodpasture                           09/01/2000 02:02 PM

To: Mike McGowan/ET&S/Enron@ENRON, Drew Fossum/ET&S/Enron@ENRON
cc:

Subject: HHI Calculations

---------------------- Forwarded by John Goodpasture/OTS/Enron on 09/01/2000
02:01 PM ---------------------------

Ann Ballard
08/30/2000 04:07 PM
To: John Goodpasture/OTS/Enron@ENRON
cc:

Subject: HHI Calculations

There is a discussion of HHI's in a FTC guideline called the 1992 Horizontal
Merger Guideline, which can be found on the FTC's website.  I have tried to
create a hotspot for you here www.ftc.gov.  The discussion of HHI's starts at
1.5.

HHI means Herfindahl - Hirschman Index.

Enjoy!


?
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		top stories

		  Thomas Weisel Closes Early-Stage Fund at $255M
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		TODAY'S FEATURES
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		By Matthew Sheahan
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in its average investment size, Brian Sutphin, vice president of strategic
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		UPCOMING EVENTS
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		 Mobile Outlook 2001

		George Davis, vice chairman and president of Aether Systems, will discuss how
his company powers mobile and wireless data services for Charles Schwab,
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		for this and more -->http://www.pwcerc.com

		Optivera Generates Telecom Buzz, Seeks $10 Million
		By Jonathan Shieber
		After raising $1 million in a January seed funding and generating buzz among
big telecom operators, optical signaling platform developer Optivera is
seeking a second round of $10 million, according to company director, Meir
Burstin. more>>

		Motorola Investing In Fewer Deals
		By Matthew Sheahan
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fewer deals this year due to a shift in investment strategy, according to
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		By Amanda Briggs
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beefing up its sales staff and intends to open a new office in Europe as part
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Opher Kahane, the company's co-founder, president and CEO. more>>

		new money

		  Atreus To Close $17 Million Series B
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		 top stories
		?
		Thomas Weisel Closes Early-Stage Fund at $255M
		 mail? top

		 SAN FRANCISCO (VENTUREWIRE) -- Thomas Weisel Partners, a merchant bank,
announced that it closed its early-stage venture fund, Thomas Weisel Venture
Partners (TWVP), at $255 million in March. Andy Sessions, one of the partners
at Thomas Weisel, said the fund, started in September 2000, was originally
targeted to close at $250 million. Mr. Sessions also said TWVP is to be
invested over two years in 20 North American technology infrastructure
companies in the communications, software, and Internet sectors. TWVP will
make investments of between $2 million and $10 million. TWVP has already
invested in Aligo, Bay Microsystems, and Santel Networks. Mr.Sessions also
said TWVP was seriously evaluating two or three companies at present. Dave
Crowder is the other partner responsible for TWVP, which will be managed out
of Menlo Park, Calif. CalPERS, EFG, National Citibank, JDS Uniphase, Natxis,
Raytheon, S.E. Banken, Siebel Systems, and Winterthur are among the limited
partners in the fund.  TWVP is the second fund ! raised by Thomas Weisel
Partners. The first fund, Thomas Weisel Capital Partners, closed in January
2000 at $1.3 billion and is a later stage private fund.
		http://www.tweisel.com

		Asera Names Former Tivoli Chief as New President & CEO
		 mail? top

		 BELMONT, Calif. (VENTUREWIRE) -- Asera, a provider of enterprise operating
systems, said it has named David Murphy as president and CEO. He succeeds
Warren Weiss, who will remain with the company as special advisor to the
board through the third quarter of this year. Prior to joining Asera, Mr.
Murphy was president of enterprise e-business software firm Tivoli Systems, a
subsidiary of IBM. Additionally, Mr. Murphy joins as the ninth member of the
company's board, which includes Vinod Khosla and Raymond J. Lane of Kleiner
Perkins and Matthew Cowan of Bowman Capital. To date, Asera has raised
approximately $175 million in funding from investors including AC Ventures,
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Research Management, Cisco Systems, Crescendo Ventures, Crosslink Capital,
Eastman Chemical, GE Capital Equity Group, Integral Capital Partners, Intel,
Kleiner Perkins Caufield & Byers, and others.
		http://www.asera.com

		Groove Networks Cuts 8%; Will Target Larger Clients
		mail? top

		 BEVERLY, Mass.  (VENTUREWIRE) -- Groove Networks, which provides
peer-to-peer and peer-to-Web software and services, said it cut 19 people, or
8% of its staff, on Monday as the company restructures to focus more on
direct sales opportunities. Groove also said it was going to be targeting
more large enterprise clients and moving away from focusing on small- and
medium-sized business clients. The laid-off employees received severance and
were concentrated in the marketing and indirect sales divisions. Groove,
which currently employs 205 people, also said it had 13 open positions in its
national sales division. The company also said it plans to raise a new round
later this year. Groove Networks was founded in 1997 by Ray Ozzie and has
raised $63 million in three rounds from Accel Partners, Intel Capital, and
individual investors.
		http://www.groovenetworks.com

		VantagePoint Forms $150M New York Fund
		 mail? top

		 NEW YORK (VENTUREWIRE) -- VantagePoint Venture Partners has announced a $150
million fund, VantagePoint New York Fund (VP NY), with a $50 million
investment from existing limited partner New York State Teachers' Retirement
Systems. Other undisclosed limited partners also contributed to the fund. The
venture capital firm may double the size of the fund over the next year, said
partner Alan E. Salzman. VP NY will make 15 to 20 investments ranging from $5
million to $25 million over the next two years. It will focus on early-stage
companies based in New York or with substantial business activity in the
area. VantagePoint, which currently invests about 85% of its funds in
first-round deals, expects the same percentage of early-stage deals in its
new fund. The fund will focus on the data networking, wireless, optical,
communications, and semiconductors industry. Terms of the fund were not
disclosed, though Mr. Salzman said the carried interest was greater than 20%.
The firm, which currently has 14 par! tners, expects to add two to three
partners over the next year. Yesterday VantagePoint opened its New York
office, which is headed by John Kain, Ken Kharbanda, and William Marshall.
VantagePoint, which closed a $1.6 billion fund in October 2000, has $2.5
billion in committed capital.
		http://www.vpvp.com

		 new money
		?
		Atreus To Close $17 Million Series B
		 mail? top

		 SANTA CLARA, Calif. (VENTUREWIRE) -- Atreus Systems, a Santa Clara, Calif.
broadband service and delivery platform developer, is expected to announce
today that it closed a $17 million Series B round of funding. Company
co-founder and acting CEO Andrea Baptiste spoke with VentureWire before the
closing and said the company would have a new CEO within the next quarter,
increase the number of employees, and open a European office over the next
year.  Softbank Venture Capital led the round, which was targeted for between
$15 million and $20 million. Softbank Venture Capital executive managing
director Gary Rieschel will sit on Atreus System's board of directors. The
two previous VC investors from the company's $4.4 million Series A round --
San Francisco's Blueprint Ventures and Ottawa's Skypoint Capital -- also
invested. "The Series B took us a month longer than we thought," said Ms.
Baptiste, who added that the round was an up round.  "There was no pressure
for a flat or down round," she said.  A! treus Systems, which has 95
employees in nine offices throughout the U.S. and Canada, expects to have 140
employees by the second quarter of next year. Most of those new employees
will be put to work in research and development and sales and marketing
positions. And some of those new employees will go overseas. Ms. Baptiste,
who co-founded Atreus with company president Doug Bellinger, said she expects
the company to open offices in Europe, probably beginning in the U.K.  Ms.
Baptiste, who has been acting CEO since September of 2000 and held positions
with Cambrian Systems, CrossKeys Systems, and Newbridge Networks, said that
the company would likely be profitable by 2002.  She added that while the
market was bleak for broadband carriers now, things would eventually change
and the carriers will be in a position to expand and will need to purchase
services that will help them generate revenue. "I'm optimistic that the
market is going to recover in a reasonable amount of ti! me," she said.
		http://www.atreus-systems.com

		JavaBeans App Firm Compoze Gets $1.2 Million Series A
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		 PHILADELPHIA (VENTUREWIRE) -- Compoze Software, which provides server-side
enterprise JavaBeans software for business applications, announced it has
closed $1.2 million in Series A financing. Robin Hood Ventures led the round,
with participation from SeaCap Ventures, bHive, and individuals. Post-money,
Compoze has a valuation of about $5 million. As a result of the round, Larry
Brotzge of Robin Hood Ventures and Allen Paik of SeaCap Ventures join the
board, bringing total number of directors to four. The company said it will
use the funds for sales and marketing. The company said the funds are
expected to last a year, at which point it expects to raise another round of
financing. The company employs 14 now and anticipates expanding to 20 by the
end of the year.
		http://www.compoze.com

		Outsourcing Firm French & Associates Gets $10M Round One
		 mail? top

		 DUBLIN, Ireland (VENTUREWIRE) -- French & Associates, which provides
order-to-cash and accounts receivable outsourcing services, said it closed a
$10 million first round with Accretive Technology Partners of New York. Sam
Blyaker, Michael Klein, and Martin Muoto of Accretive will be joining the
board of directors that now has seven people. French & Associates, founded in
1987, also said it plans on adding industry experts as board members. The
company said the financing would be used for expanding its presence in
Europe, opening another U.S. office by the third quarter; hiring executive
staff, including a new CEO to guide planned growth; and for research and
development. French & Associates also has offices in Atlanta.
		http://www.frenchassociates.com

		Skire Closes $17M Series B
		 mail? top

		 MENLO PARK, Calif. (VENTUREWIRE) -- Skire, which provides enterprise
software, said it closed its Series B at $17 million led by new investor
Walden International with participation by all past investors -- Hummer
Winblad Venture Partners and Asset Management Company -- and new investor
Acacia Venture Partners. The company would not disclose the valuation, but
said it was an up round. It also said the money will be used to grow its
customer base. Lip-Bu Tan, chairman and founder of Walden International, has
become the fourth member of the board of directors. The company expects to
add an independent director to its board soon. Hummer Winblad led Skire's
first round in August 2000 and board seats were given to John Hummer, partner
of Hummer Winblad, and Ben Dubin, partner of Asset Management. The company is
advised by the Silicon Valley office of law firm Brobeck, Phleger & Harrison.
According to a company spokesman, Skire began looking to raise this round two
months ago. CEO Massy Mehdipour founded the com! pany in 1999.
		http://www.skire.com

		Voice Commerce App Firm NetByTel Gets $18.1M Second Round
		 mail? top

		 BOCA RATON, Fla. (VENTUREWIRE) -- NetByTel, which provides voice commerce
applications that connect online e-commerce systems and telephones using
speech recognition as the interface, announced it has secured $18.1 million
in its second round of funding led by new investor Lazard Technology
Partners, who invested $5.6 million in the company. Other new investors in
the round included Noro-Mosley Partners, Accenture Technology Ventures, and
InCentive Capital Group. NetByTel's first round investors, Chelsea Capital,
Mesco Limited and T-Ventures, also participated in the round. A spokesman for
NetByTel said the round was over-subscribed and that the company eventually
had to turn down offers. The company said it plans to use the funding to
continue to build its infrastructure and to ramp up sales and marketing, the
spokesman said. NetByTel currently has 58 employees, and expects to hire 22
more people by the end of the year, he said. This latest round, which brings
the total capital invested in NetByTel to $! 25 million, is expected to take
the company to profitability, but the spokesman said he did not know when
that would happen. Tom Fischer, a general partner at Accenture Technology
Ventures; Steve Nussrallah, a partner with Noro-Mosely; and Russell Planitzer
will join NetByTel's board of directors. The additions brings the total
number of directors at the company to seven. NetByTel has 11 customers,
including Office Depot and the State of Illinois.
		http://www.netbytel.com

		Financial Services Firm BUYandHOLD Secures $10 Million
		 mail? top

		 NEW YORK (VENTUREWIRE) -- BUYandHOLD, which provides investment services and
fractional share ownership to investors dedicated to the "buy and hold"
investment strategy, announced it has secured an additional $10 million in
financing from its existing investors, which includes Goldman Sachs, Dominion
Ventures, APV Technology Partners, and TH Lee.Putnam Internet Partners.
BUYandHOLD raised $42 million in its second round of funding last May. The
company plans to use this latest round to expand its trading capabilities,
enhance investment services and product offerings, and expand marketing
initiatives for its online brokerage subsidiary. The recent financing is
expected to take BUYandHOLD to profitability, a company spokeswoman said.
Other investors in BUYandHOLD include The Bank of New York Company, Barnard &
Company, Platform Ventures, and The Roman Arch Funds. CNN is also an investor
in the company.
		http://www.buyandhold.com

		Marketing Claims Software Firm Bridium Gets $3.5M Round Two
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		 ATLANTA (VENTUREWIRE) -- Bridium, which provides the financial services
industry with marketing claims software, announced it has secured $3.5
million in its second round of funding from its previous investor
CyberStarts, an Atlanta-based holding company. The company said it will use
the funding to launch new products, form strategic partnerships, and for
operating costs. Bridium, formerly CyberASP, secured $5 million from
CyberStarts in its first round last June. CyberStarts strategic investors
include iXL Ventures, Wachovia Capital, Marh & McLennan Capital, and First
Data.
		http://www.bridium.com

		Performix Closes $10M Series B, Adds to Board
		 mail? top

		 BURLINGTON, Mass. (VENTUREWIRE) -- Performix Technologies, which provides
software to increase call center profitability, said it closed its Series B
at $10 million from Dublin-based ICC Software Partner and private investors.
The money will be used for expansion into the U.S. George G. Moore, founder,
chairman, and CEO of Targus Information has joined the board of directors.
According to the company, its valuation went from $26 million to $44 million
as a result of this round. Performix is based in Dublin, where it opened in
1998, and has U.S. headquarters in Burlington, Mass., that opened in October
2000. The company employs a total of 35 people at both locations. ICC
Software led the company's $6.5 million Series A in April 2000.
		http://www.performixtechnologies.com

		PromoOrder Gets $6 Million in Second Round
		 mail? top

		 AUSTIN, Texas (VENTUREWIRE) -- PromoOrder, which provides the promotional
products industry with Internet-based software systems, announced it has
raised $6 million in its second round of funding led by its previous investor
Polaris Venture Partners. G51 Capital, also a previous investor in
promoOrder, participated in the round along with undisclosed individual
investors. Polaris, which has two representatives on the promoOrder board,
will take on an additional board seat. President and CEO Mike Linderman said
promoOrder's valuation fell in this round, but added that the pricing
accurately reflects the current market standards. Mr. Linderman said
promoOrder expects the latest round to take the company to profitability
during the third quarter of 2002. promoOrder has raised $12.5 million in
funding to date.
		http://www.promoorder.com

		Video Software Developer Be Here Lands $6M in Series D
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		 LOS ANGELES (VENTUREWIRE) -- Be Here, a developer of video software and
products, said it received $6 million in new Series D financing, bringing the
total amount of capital raised since 1996 to $23 million.  Investors in the
most recent financing include Snider Capital, Eastman Kodak, Intel Capital,
Philips Electronics, Enterprise Partners, Totem Investment Partners, and
Wasserstein Adelson Ventures. Snider Capital led the round, and was the only
new investor. The company said that the funds will be used for sales,
marketing, product development, and infrastructure expansion
activities.
		http://www.behere.com

		Ben Franklin Technology Partners Invests $450,000
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		 PHILADELPHIA (VENTUREWIRE) -- Ben Franklin Technology Partners, a venture
network supported by the Pennsylvania Department of Community and Economic
Development's Ben Franklin Partnership, announced that it has awarded
$450,000 in company investments for prototype and product development. The
financing will be divided among three Pennsylvania-based companies:
EnviroGrow Solutions, which provides composting technology for animal waste;
iDayo Investor, a provider of financial content services for the investment
community; and NetXentry, an Internet-based inbound and outbound calling
platform for data collection. Ben Franklin Technology Partners currently
maintains a portfolio of 140 companies representing over $14 million invested
in southeastern Pennsylvania.
		http://www.benfranklin.org

		Open Solutions Raises $8.8 Million More in Mezzanine Round
		 mail? top

		 GLASTONBURY, Conn. (VENTUREWIRE) -- Open Solutions (OSI), a provider of data
processing, Internet banking, and e-commerce financial services for community
banks and credit unions, said it raised another $8.8 million as part of its
mezzanine round, led by Key Principle Partners. Allianz of America also
invested along with previous investors including Aetna Investments, Axiom
Venture Partners, Connecticut Innovations, Crystal Internet Ventures, Menlo
Ventures, and Webster Bank of Connecticut. The company raised $20 million in
its mezzanine round last March. Open Solutions said it will close the round
at $30 million. The company said it will use the additional funding to pursue
strategic opportunities and acquisitions and for ongoing operations.
		http://www.opensolutions.com

		Streaming Video Firm EyeWonder Secures $800,000 Bridge
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		 ATLANTA (VENTUREWIRE) -- EyeWonder, a developer of instant streaming video
technologies for Internet and wireless advertising and communication, said it
received $800,000 in bridge financing co-led by Eyevest, which led the series
A round, and new investor Andojo I. EyeWonder said it expects to reach
positive cash flow by July. The company also said it was expecting to raise a
$6 million second round within the next three months. EyeWonder has raised a
total of $3.7 million.
		http://www.eyewonder.com

		Online Journal Publishing Firm ScholarOne Raises $3.7M
		 mail? top

		 CHARLOTTESVILLE, Va.  (VENTUREWIRE) -- ScholarOne, a provider of Web-based
content management and production services for the scholarly publications
market, said it closed its Series A round of funding with $3.7 million led by
Tall Oaks Capital. Commonwealth Ventures, MV Management, Village Ventures,
and Southside Rising also participated in the round. The company said it
would use the funding to increase its technology, research, and development
teams, and to expand marketing efforts in the U.S., Europe and Asia.
Representatives from MV Management and Tall Oaks will join the company's
board of directors. ScholarOne's Web-based applications enable publishers to
manage the submission, peer review, production, and publication processes of
scientific, technical, medical and other academic journals.
		http://www.scholarone.com

		Newtek Capital Puts $2.7M in Group Management Technologies
		 mail? top

		 NEW YORK (VENTUREWIRE) -- Newtek Capital, a publicly traded firm which
invests in early-stage technology and Internet companies through seven
capital companies in four states, said it invested $2.7 million in Group
Management Technologies (GMT), a consulting firm providing financial,
operational, and management services, located in West Palm Beach, Fla.
Newtek's CEO Barry Sloane and CFO Brian Wasserman will be taking the third
and fourth seats on GMT's board of directors. Newtek said the financing would
be used for expanding GMT's marketing, corporate infrastructure, and for
hiring additional employees. GMT currently provides its services to seven of
Newtek's partner companies. Newtek made the investment through its Florida
certified Capco and now owns a 50% equity stake in GMT.
		http://www.newtekcapital.com

		Web-to-Print Tech Firm Megawheels Raises $5 Million, Cuts 14
		 mail? top

		 CALGARY, Alberta (VENTUREWIRE) -- Megawheels, a publicly traded company
which provides Web-to-print technology as well as search engines for the
automotive manufacturing and advertising sectors, announced it has secured $5
million in funding led by Venture Investment Management Company. eLab
Technology Fund, Royal Bank Capital partners, and undisclosed investors also
participated in this round. The company plans to use the financing to
accelerate global expansion and to execute its plan to be cashflow-positive
by the end of the year. In conjunction with the funding, the company said it
has eliminated 14 positions.
		http://www.megawheels.com

		Guardent Raises $20M Series C, Acquires DefendNet
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		 WALTHAM, Mass. (VENTUREWIRE) -- Guardent, a digital security firm, said it
has raised $20 million in Series C financing led by new investor Citigroup's
e-Citi unit and acquired Providence, R.I.-based provider of managed security
services DefendNet Solutions. New strategic investor Mercury Interactive
joined all existing investors -- Charles River Ventures, New Enterprise
Associates, and Sequoia Capital -- in this round. Kate Sullivan, COO for
e-Citi, takes the sixth seat on the board of directors. Guardent declined to
comment on post-money valuation. Series C funding will be used for the
acquisition of DefendNet's technology and customer assets and for general
business operations. The company expects to become cash-flow positive by the
end of the year. Guardent acquired DefendNet for mostly stock and some cash.
Details of the deal, which closed on Monday, were not disclosed. DefendNet, a
security services firm that focused on outsourced operations at mid-tier
companies, was backed by M/C Ventures. ! Approximately 20 DefendNet employees
have joined Guardent, bringing staff size at Guardent to about 185. DefendNet
president and CEO Vin Giordano has left the company, though he retains an
equity stake in Guardent. Testa, Hurwitz advised Guardent in the deal.
Guardent will retain DefendNet's Providence, R.I. office.
		http://www.defendnet.com
		http://www.guardent.com

		 bad news
		?
		ClickThings Clicks No More, Shuts Down
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		 NEW YORK (VENTUREWIRE) -- ClickThings, a developer of technology that
enables companies to build and manage Web sites, has taken down its Web site
and is in the process of closing down the company. "They needed to raise a
round and couldn't raise it," said board member Stephen M. Krupa of the
Psilos Group. "They had an impressive technology and the sourcecode will
probably be sold to somebody." Mr. Kubel said the company has laid off almost
all of its approximately 30 employees. ClickThings received funding from
China.com, Holden Capital, Paine Webber, and Psilos Group. Mr. Krupa said
ClickThings recently received interest from some investors to commit capital,
but not enough to raise a substantial round.
		http://www.clickthings.com

		PurpleYogi Cuts 10% Staff & Shifts To Enterprise Focus
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		 MOUNTAIN VIEW, Calif.  (VENTUREWIRE) -- PurpleYogi, a creator of distributed
information management software, said it laid off approximately 10 people, or
10% of its 95-person workforce, three weeks ago as the company shifted its
business strategy from focusing on Internet news services to enterprise
software firms. The laid-off employees received severance. The company said
it will continue to service its news service clients but will also be
accelerating its development of products for large enterprises. PurpleYogi
said it will begin beta-testing enterprise software this summer and will
commercially launch its enterprise-oriented services in the fall. The company
also said it was looking to expand its current 10-person sales force.
PurpleYogi has raised over $33.1 million in four rounds from At India, H&Q
Asia Pacific, Infosys Technologies, Intel Capital, Skyblaze Ventures,
Softbank Venture Capital, and individuals.
		http://www.purpleyogi.com

		 new products
		?
		Pharmagenesis, Tianjin Zhong Xin Forms AntiCancer Drug Firm
		 mail? top

		 PALO ALTO, Calif. (VENTUREWIRE) -- Pharmagenesis, a privately held
biotechnology company focused on anticancer therapies, announced its parent
company, The Orchid Group, has partnered with Tianjin Zhong Xin
Pharmaceutical Group, a publicly traded Chinese pharmaceutical manufacturer,
to form a new company for the production of PG2, a cancer therapy drug that
restores blood cells destroyed by chemotherapy. The new company, Tianjin
Hualong Pharmaceutical Company, will build a new factory for the production
of PG2. As part of the agreement, Pharmagenesis will hold a 70% share in the
new company, and Tianjin Zhong Xin will hold the remaining 30%. Pharmagenisis
is backed by Biomerieux-Pierre Fabre, The Dassault Group, insurance and
investment group AXA, and an undisclosed Hong Kong-based investment group.
Telephone 310-785-0515

		Info Management Firm Oingo Changes Name to Applied Semantics
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		 LOS ANGELES (VENTUREWIRE) -- Oingo, a provider of information-management
technology, said it has changed its name to Applied Semantics. The company,
which targets the domain registrar market, develops tools and applications
that enable businesses to organize, manage, and retrieve digital information
in Web-enabled, enterprise, and e-commerce environments. In conjunction with
the change of name, Applied Semantics has announced the formation of an
enterprise software division which will market tools that enable the
automatic, enterprise-wide metatagging, categorization, summarization, and
search of unstructured information. Applied Semantics is backed by Zero
Gravity Venture Partners, Ridgestone, Spotideas, Lynx Technology Group, and
law firm Brobeck, Phleger and Harrison.
		http://corp.oingo.com

		Broadband Provider Salira Optical Network Systems Launches
		 mail? top

		 SAN JOSE, Calif. (VENTUREWIRE) -- Salira Optical Network Systems, a provider
of IP/Ethernet-based broadband systems, announced its official launch. The
company, whose products are expected to be in customer trials with carriers
by the third quarter of this year, develops optical systems that enable
service providers to generate additional revenues from broadband voice,
video, and data services for the local access markets. In September 2000,
Salira received $6.9 million in Series A financing led by Vertex Management
Partners, with participation from Trident Ventures, U.O.B. Singapore, and
unnamed individuals. The company is currently seeking a Series B round of $20
million, to close within the next few weeks.
		http://www.salira.com

		Delta Pharmaceuticals Changes Name to Ardent Pharmaceuticals
		 mail? top

		 RESEARCH TRIANGLE PARK, N.C. (VENTUREWIRE) -- Delta Pharmaceuticals, a
developer of novel therapeutics, said that it has changed its name to Ardent
Pharmaceuticals. The company, which currently has three products in human
trials, operates development programs in the areas of pain, urinary
incontinence, cardioprotection and depression. In November 2000 Ardent raised
$25 million in financing from China Industrial Development Bank of Taiwan and
Elan Pharmaceuticals. Post-money, the company has a valuation of
approximately $85 million.
		http://www.deltapharmaceuticals.com

		 m&a
		?
		Atinera Acquires TraveLease in Asset Sale
		 mail? top

		 SAN FRANCISCO (VENTUREWIRE) -- Atinera, which develops travel software and
technology applications, said it acquired Seattle-based TraveLease, which
provides automation tools to small- to mid-sized tour operators. Full terms
of the deal were not revealed, only that it was an asset sale. TraveLease
will retain its eight employees in its Seattle office. Atinera is an equal
partnership joint venture between Amadeus Global Travel Distribution, founded
in 1987, and Fourth Dimension Software, founded in 1983. Announced in
December 2000, Amadeus provides funding and worldwide marketing assistance,
and Fourth Dimension Software provides technology and continued support.
TraveLease held one round of funding in August 2000 and raised $500,000 from
individuals. TraveLease is advised by the Seattle-based law firm Grahm &
Dunn.
		http://www.collectoronline.com

		CAT Technology Intends to Sell Services Unit
		mail? top

		 LOS GATOS, Calif. (VENTUREWIRE) -- CAT Technology, which provides Internet
infrastructure equipment procurement services, said it signed a letter of
intent to divest its managed services business unit to eOnline, an enterprise
application service provider based in Cupertino, Calif. CAT said it expects
the deal to be finalized in 10 days. Financial details of the all-stock deal
were not disclosed. eOnline will operate the 20-person managed services unit
out of CAT's Los Gatos headquarters. CAT said the divesture was part of a
realignment strategy and also said it had approached eOnline. CAT also said
it expects to reach a point of positive cash flow in this quarter and has no
plans for new funding. In January 2000 CAT raised a $4.8 million first round
from individual investors. In October 2000 CAT acquired the managed services
consulting firm Aptia and also received additional funding from Aptia's
investors AVI Management Partners, Sutter Hill, and Trident Capital. eOnline
has raised over $73.5 million! from Access Technology Partners, Affiliated
Computer Services, Comdisco, Dell Computer, GM Investment Management, Morgan
Stanley Dean Witter Venture Partners, Trident Capital, and individuals.
		http://www.cattech.com

		Renaissance Interactive Holding Corp. Becomes Impressa
		mail? top

		 ATLANTA (VENTUREWIRE) -- Renaissance Interactive Holding Corp has merged its
two companies, Impressa, which provides software for small to mid-sized
businesses, and Renaissance Interactive, which develops Web applications and
provides professional services. The new company will now offer existing
services under one name, Impressa. Since the former Renaissance Interactive
Holding Corp functioned as the executive team for both companies, no changes
have been made to its management team. Impressa closed a $16 million round of
funding in March 2000. It is backed by Thayer Capital, Winston Partners, EGL
Holdings, Dauphin Capital, and Robinson-Humphrey Capital Partners. Impressa's
board of directors includes Scott Andrews, Doug Gilbert, Rich Cannon, Tom
Daly, and Joe Grimaud.
		http://www.impressa.com

		IT Factory Acquires Knowledge App Firm Synergistics
		 mail? top

		 BOSTON (VENTUREWIRE) -- IT Factory, a supplier of software tools and
business application objects, said it has acquired Cincinnati-based
Synergistics, a provider of knowledge-enabled collaborative applications, for
an undisclosed amount. IT Factory plans to retain all Synergistics managers
and employees. Lewie Miller, president of Synergistics, will become executive
vice president of applications. Factory's investors include 2M Invest,
BankInvest, Den Danske Bank, and Gilde.
		http://www.itfactory.com
		http://www.syner.com

		eFS Network and Maverick Xchange Merge
		 mail? top

		 CHICAGO (VENTUREWIRE) -- eFS Network and Maverick Xchange, which were
preparing to launch independent foodservice networks, have merged and will be
based in Chicago. Terms of the deal were not disclosed. A new name of merged
companies has yet to be determined but is expected within three months. No
office closings or layoffs will occur, said an eFS spokesman. Former
president of Nabisco's Foodservice Company and recently appointed eFS CEO
Hank Lambert will become the CEO of the joined companies. Christopher Thorne,
who founded Maverick, will become president. Pete Levangie, COO of eFS, will
continue in that role. eFS and Maverick will also merge select members of
each company's board of directors. In August 2000, Chicago-based eFS was
founded by investments from McDonald's Corporation through eMac Digital,
which is an Accel-KKR company; Sysco Corporation; Tyson Foods; and Cargill.
It raised an disclosed amount of capital in its Series A in the fall of 2000,
in which eMac was the only ven! ture capital participant. In April 2000 New
York-based Maverick launched and was co-founded by ten foodservice
distribution companies.
		http://www.efsnetwork.com
		http://www.maverickxchange.com

		AskJeeves Acquires Defunct eTour's Assets for Cash
		 mail? top

		 EMERYVILLE, Calif.,  (VENTUREWIRE) -- Ask Jeeves, a publicly traded provider
of an online question answering technology, said it acquired the assets of
eTour, a direct marketing and Internet media company that matched sites with
users' preferences, for an undisclosed amount of cash. Earlier this month
eTour announced it was closing down and selling its assets. The assets
AskJeeves acquired include eTour.com Web property, with 4.5 million
registered users; a direct Web site delivery engine; a direct e-mail
marketing technology with 2.2 million newsletter subscribers; a registration
system; 230 vertical Web site "tours"; and an advertiser base. Ask Jeeves
said it will integrate some of the technology into its site and continue to
operate the eTour.com Web site. eTour had raised $45 million in equity and $5
million in media-for-equity financing from Barnstable Broadcasting, the
Beasley Broadcasting Group, eHatchery, Imlay Investments, Jefferson Pilot
Communications, Monarch Capital Partners, NeoCarta Ventures, ! and
Susquehanna Radio. Individual investors Jeff Arnold, the founder of WebMD,
and Burt Ellis of iXL also backed the company. Wayne Walker & Associates
served as the assignee for selling eTour's assets.
		http://www.askjeeves.com
		http://www.etour.com

		Investment Club Firm Actifunds Buys Iclubcentral.com
		mail? top

		 CAMBRIDGE, Mass. (VENTUREWIRE) -- Actifunds, which develops technology for
investment clubs, said it acquired Iclubcentral.com, an investment club
community site, in a mixed cash-and-stock deal of undisclosed value.
Actifunds, which approached iclubcentral.com about the acquisition, said it
will integrate iclubcentral.com's offerings into its own Web sites. Douglas
Gerlack, the founder of iclubcentral.com, will be joining Actifunds as a
senior contributing editor. Actifunds said what would become of the staff at
iclubcentral.com's New York offices has not yet been determined. Actifunds
has received an undisclosed amount of funding from FGII, Hall Skywire, Marc
Kaschky Investments, and individuals. Actifunds received legal counsel from
Goodwin Procter.
		http://www.iclub.com

		OneMade Acquires Collector Online in Stock Deal
		 mail? top

		 ALBANY, N.Y. (VENTUREWIRE) -- OneMade, an online arts and crafts
marketplace, said it has acquired Burlington, Vt.-based Collector Online,
which operates an online antique mall, in an all-stock deal. Terms of the
deal were not disclosed, but OneMade chairperson Liavan Mallin said OneMade
valued the acquisition based on Collector Online's site traffic and customer
base. Law firm Hutchins Wheeler advised OneMade in the deal, while Gravel &
Shea advised Collector Online. OneMade will retain the brand name Collector
Online, the online mall, and the office in Burlington, Vt. Four of the eight
former employees of the acquired company have been retained. Collector Online
was backed by Aggregate Capital and individuals. OneMade is backed by Eircon,
U.S. Technologies, and individuals including former president of Excel
Communications Jack McLaine.
		http://www.collectoronline.com
		http://www.onemade.com

		 new directors
		?
		Biotech Firm Advanced Life Sciences Names New Director
		 mail? top

		 WOODRIDGE, Ill. (VENTUREWIRE) -- Advanced Life Sciences, a developer of
therapeutic compounds to fight infection, inflammation, and cancer, announced
the appointment of Rosalie Sagraves to its board of directors. Ms. Sagraves
is president of AphA-APRS, a member of the America Pharmaceutical Association
Board of Trustees, and serves as dean and professor of the college of
pharmacy at the University of Illinois at Chicago. She joins as the third
member of the seven-seat board, which currently has four seats avalable.
Currently backed by individuals and Small Business Innovation Research
grants, Advanced Life Sciences is currently seeking between $25 and $50
million in a second round of venture and strategic capital, which it hopes to
close by the year's end.
		http://www.advancedlifesciences.com

		Symmetry Communications Names Thales Group Exec. to Board
		 mail? top

		 SAN JOSE, Calif. (VENTUREWIRE) -- Symmetry Communications Systems, which
provides mobile data and voice technology, announced the appointment of John
Hughes to its board of directors. Mr. Hughes, who is CEO of information
technology and services for the Thales Group, joins as the company's eighth
director. The board also includes Thomas Huseby of Seapoint Ventures and
David Walrod of Oak Investment Partners. Symmetry Communications Systems is
backed by Acer Technology Venture Fund, API Venture, Seapoint Ventures, and
VenGlobal Capital Partners. Based in San Jose, Calif., the company maintains
R&D and technical support offices in Taiwan.
		http://www.symmetrycomm.com

		 new people
		?
		Nexterna Taps Ex-CellStar COO as President and CEO
		 mail? top

		 OMAHA, Neb. (VENTUREWIRE) -- Nexterna, which provides wireless applications
for the rail, trucking, and field service industries, said Richard M. Gozia
has been appointed CEO and president. Mr. Gozia replaces Lynden Tennison, who
had served as CEO since 1998 and has now been promoted to a senior position
in the information technology group at Union Pacific. He also holds a seat on
the board, replacing Mr. Tennison. Prior to Nexterna, Mr. Gozia served as
president and COO at CellStar, a wholesale distributor of wireless
telephones. He was introduced to Nexterna through mutual industry contacts.
Nexterna is backed by Fenix, an incubator formed by Union Pacific Corp.
		http://www.nexterna.com

		Storage Tech Firm i-drive Names Arif Janjua New CEO
		 mail? top

		 SAN FRANCISCO (VENTUREWIRE) -- i-drive, a provider of storage technology for
communication service providers, announced the appointment of Arif Janjua as
chief executive officer. Mr. Janjua will succeed company co-founder Tim
Craycroft, who will return to his position as chief technology officer of the
company. Most recently, Mr. Janjua led wireless services strategy and
acquisition for InfoSpace, where he previously served as president of the
company's consumer services division. i-drive's software products enable
access to files and distributed information management from
Internet-connected devices. To date, the company has raised approximately $30
million in three rounds of funding. Backers include Draper Fisher Jurvetson,
Global Retail Partners, Hikari, Information Technology Ventures, Partners
Group of Switzerland, and ZDNet. Strategic investors include Philips and EMC.
http://www.idrive.com

		MEMS Firm InLight Communications Appoints President & CEO
		 mail? top

		 FREMONT, Calif. (VENTUREWIRE) -- InLight Communications, which provides
microelectromechanical systems (MEMS) technologies and subsystems that extend
the capabilities of broadband networks, said it appointed Steve Tobak as
president and CEO. He is the first person to hold this position. Prior to
this appointment, the company was headed by acting general manager Keith
Love, who will continue as the company's vice president of operations. Most
recently, Mr. Tobak served as senior vice president of marketing and sales at
Tessera Technologies, a semiconductor intellectual property company. Mr.
Tobak has also joined as the fifth member of the board, which included Teddy
Shalon of Shalon Ventures, Erel Margalit of Jeruslelum Venture Partners and
Ajit Shah of Worldview Technology Partners. To date, InLight Communications
has raised more than $15 million from investors including Jerusalem Venture
Partners, Shalon Ventures, and Worldview Technology Partners. Post-money, the
company is valued at $28 million.
		http://www.inlightcommunications.com

		IT Consultancy Endymion Systems Promotes COO to CEO
		 mail? top

		 OAKLAND, Calif. (VENTUREWIRE) -- Endymion, an information technology
consultancy, announced it has promoted current COO and president Steve King
to CEO. Mr. King replaces Fred Phares, who has stepped down as CEO but
remains chairman. Mr. King will also continue as COO and as a board director.
Endymion Systems has raised $15 million in Series A funding from meVC and
Ticonderoga Capital, and expects to reach profitability in the third quarter.
		http://www.esicom.com

		 vc fund news
		?
		e4e Names New Partner, Will Open Mid-Atlantic Region Office
		 mail? top

		 SANTA CLARA, Calif. (VENTUREWIRE) -- Global technology holding company e4e
has named a new partner and is in the process of expanding its offices to the
Mid-Atlantic region, VentureWire has learned. The firm, which focuses on
Internet infrastructure service companies, said it named Kevin Moore to the
position of vice president. Mr. Moore will focus on the networking services
and wireless spaces. He comes to the firm from Deutsche Banc Alex Brown,
where he specialized in telecommunications and Internet infrastructure
services equity research. He will head up the firm's McLean, Va. office,
which will launch at the end of May.
		http://www.e4e.com

		IM Life Sciences Raising $100M Genomics, BioInformatics Fund
		 mail? top

		 LONDON (VENTUREWIRE) -- IM Life Sciences said it has formed to raise the
Next Generation Genomics and Bioinformatics Fund, targeted at $150 million,
with a cap of $150 million and a floor of $40 million, according to IM Life
Sciences' Neil Swift. Iregent, a Hong Kong investment group, has invested in
the new firm. Mr. Swift said the fund will typically invest between $3
million and $5 million in a company's first round of institutional funding.
The fund, set to close in August or September, will focus on the genomics,
proteomics, and bioinformatics sector in Europe and Israel.
		http://www.imlifesciences.com

		Munder Reopens Munder Netnet Internet Mutual Fund
		 mail? top

		 BIRMINGHAM, Mich. (VENTUREWIRE) -- Munder Capital Management, investment
advisor to The Munder Funds, said the Munder NetNet, an equity mutual fund
that also invests in privately held Internet- or intranet-related businesses,
will reopen today. The company said it is reopening the fund, which
originally closed last April, to take advantage of lower valuations.
Portfolio companies include Northville, Mich.-based Nanovation Technologies,
a developer of photonic integrated circuits for the telecommunications
market; San Francisco-based Cidera, which provides satellite-based delivery
of Internet content; and WebCT, a Lynnfield, Mass.-based provider of
integrated Internet learning systems for the higher education market.
		http://www.munder.com

		 vc personnel
		?
		Jordan Edmiston Appoints New Managing Director
		 mail? top

		 NEW YORK (VENTUREWIRE) -- The Jordan Edmiston Group, a media investment
bank, announced that Roger L. Krakoff has joined the company and its
affiliated venture capital fund, JEGI Capital, as managing director. Prior to
joining Jordan Edmiston, Mr. Krakoff served as a managing director of Veronis
Suhler, responsible for directing their business information and new media
group. JEGI Capital invests in early-stage Internet, digital communications,
and e-commerce companies. http://www.jegi.com

		 vw corrections
		?
		Zight
		 mail? top

		 NEW YORK (VENTUREWIRE) -- An item in Tuesday's VentureWire about Colorado
MicroDisplay, which changed its name to Zight and adjusted its executive
management team, incorrectly spelled the name of the company's president and
CEO. It is Kenney Roberts.

		Antrim Design Systems
		 mail? top

		 NEW YORK (VENTUREWIRE) -- Due to incorrect information provided by an
investor, an item in Tuesday's VentureWire misstated the total investment
raised by Antrim Design Systems. The company, a provider of electronic data
automation software for semiconductor chips, has raised $36 million to date.

		company index
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Capital Partners, Connecticut Innovations, Crystal Internet Venture Funds,
CyberStarts, Eastman Kodak, EnerTech Capital Partners, Hummer Winblad Venture
Partners, ICC Software Partners, InCentive Capital Group, Intel Capital, Key
Principle Investing, Lazard Technology Partners, Menlo Ventures, Mesco
Limited, Noro-Moseley Partners, Robin Hood Ventures, Royal Philips
Electronics, SeaCap Ventures, Snider Capital, T-Venture, Totem Investment
Partners, Walden International Investment Group, Wasserstein Adelson
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		,2001 Technologic Partners
			?


MEMO FROM DICK AMABILE

With the many organizational changes that have taken place recently, we have
decided to cancel the P&D Facilitator training that was scheduled for Monday,
11/13/00.  It is not likely that such training will take place before next
year and we will keep you up to date as those plans are finalized.
            Dick Amabile


I'm going to be at the Hyatt in Sac. tonight.  Could you send a hardcopy to
me there?

	Scott Govenar <sgovenar@govadv.com>
	02/26/2001 06:09 PM

		 To: Hedy Govenar <hgovenar@govadv.com>, Mike Day <MDay@GMSSR.com>, Bev
Hansen <bhansen@lhom.com>, Jeff Dasovich <jdasovic@enron.com>, Susan J Mara
<smara@enron.com>, Joseph Alamo <JAlamo@enron.com>, Paul Kaufman
<paul.kaufman@enron.com>, Michael McDonald <Michael.McDonald@enron.com>,
David Parquet <David.Parquet@enron.com>, Rick Johnson
<rick.johnson@enron.com>, Marcie Milner <mmilner@enron.com>, Sandra McCubbin
<Sandra.McCubbin@enron.com>, Tim Belden <Tim.Belden@enron.com>, Rick Shapiro
<rshapiro@enron.com>, Jim Steffes <james.d.steffes@enron.com>, Alan Comnes
<acomnes@enron.com>, Chris Calger <ccalger@enron.com>, Mary Hain
<mary.hain@enron.com>, Joe Hartsoe <Joe.Hartsoe@enron.com>, Donna Fulton
<Donna.Fulton@enron.com>, Steven Kean <Steven.J.Kean@enron.com>, Karen Denne
<kdenne@enron.com>, Beverly Aden <beverly.aden@enron.com>, Bill Votaw
<bill.votaw@enron.com>, Carol Moffett <carol.moffett@enron.com>, Debora
Whitehead <debora.whitehead@enron.com>, Dennis Benevides
<dennis.benevides@enron.com>, Don Black <don.black@enron.com>, Dorothy
Youngblood <dorothy.youngblood@enron.com>, "dblack@enron.com"
<dblack@enron.com>, "emelvin@enron.com" <emelvin@enron.com>,
"ehughes2@enron.com" <ehughes2@enron.com>, "gweiss@enron.com"
<gweiss@enron.com>, "gsavage@enron.com" <gsavage@enron.com>,
"Harry.Kingerski@enron.com" <Harry.Kingerski@enron.com>, "kgustafs@enron.com"
<kgustafs@enron.com>, Mike D Smith <msmith1@enron.com>, "sgahn@enron.com"
<sgahn@enron.com>, "vsharp@enron.com" <vsharp@enron.com>, "wcurry@enron.com"
<wcurry@enron.com>, "William.S.Bradford@enron.com"
<William.S.Bradford@enron.com>, Leslie Lawner <Leslie.Lawner@enron.com>, John
Neslage <john.neslage@enron.com>, Ken Smith <ken@kdscommunications.com>
		 cc:
		 Subject: SBX 28

SBX 28 (Sher) relating to expedited siting, passed out of the Senate
Environmental Quality Committee, as amended, on a bi-partisan vote of
6-0.  I have the bulk of the amendments in hard copy only and can fax
them as requested.


I approve
----- Forwarded by Richard B Sanders/HOU/ECT on 05/23/2001 04:24 PM -----

	Stephanie Truss/ENRON@enronXgate
	05/14/2001 02:12 PM

		 To: Richard B Sanders/HOU/ECT@ECT, Twanda Sweet/HOU/ECT@ECT
		 cc:
		 Subject: FW: iBuyit eProcurement Request

Richard, this is for the flat screen that Michelle Blaine requested.

 -----Original Message-----
From:  Flores, Leticia   On Behalf Of Enron IT Purchasing
Sent: Monday, May 14, 2001 1:21 PM
To: Truss, Stephanie
Subject: Re: iBuyit eProcurement Request

Thank you for submitting an order through iBuyit eProcurement.
Unfortunately, the system was not able to determine who should approve your
request.

Please route this document to the person who generally approves your
expenditures and have them send an email to Enron IT Purchasing denoting the
approval.

To facilitate the communication, attached you will see the list of items you
ordered.

Thank you,

For future orders, we can update the workflow table to route directly to the
approver if you provide the approvers' names.


Further to our conversation, please see attached.

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


Mike,

Wow!  You remember so much about the that SB Bove award !!   Did you steal
that
trophy too ?

____________________Reply Separator____________________
Subject:    Re: Bove
Author: michael_yevak@notes.teradyne.com
Date:       11/19/2000 8:54 PM

I believe that it was Ricky Greene.  I also believe that the laundry
detergent was also melted onto his clothes, and yes it was the first time
that he did laundry.


FYI.

---------------------- Forwarded by Scott Healy/HOU/ECT on 09/14/2000 04:54
PM ---------------------------

"Curreri, Joe" <JCurreri@ensr.com> on 09/14/2000 02:13:58 PM
To: "'scott.healy@enron.com'" <scott.healy@enron.com>
cc:
Subject: FW: Connecticut Project

>  -----Original Message-----
> From:  Shea, Dave
> Sent: Thursday, September 14, 2000 3:12 PM
> To: 'stephen.plauche@enron.com'
> Cc: Curreri, Joe
> Subject: Connecticut Project
>
> Atteched please find the requested letter. I will call Friday afternoon to
> verify receipt and answer questions you may have. I will also follow-up
> with a hardcopy.
>
>  <<ENRON.revised.fuelcells.sept14.doc>>
>
> Dave Shea
> ENSR Corporation
> 35 Nagog Park
> Acton, MA 01720
> 978-635-9500
> 978-635-9180 (fax)
>

**********************************************************************
The information contained in this communication is confidential and
privileged proprietary information intended only for the individual
or entity to whom it is addressed.  Any unauthorized use, distribution,
copying or disclosure of this communication is prohibited.
If you have received this communication in error, please contact the
sender immediately.

It is our policy that e-mails are intended for and should be used for
business purposes only.

This footnote also confirms that this email message has been swept by
MIMEsweeper for the presence of computer viruses.

ENSR
www.ensr.com
postmaster@ensr.com
**********************************************************************

 - ENRON.revised.fuelcells.sept14.doc


Greg, when did you send this? I just got it today. Ben

-----Original Message-----
From: Greg.Whalley@enron.com [SMTP:Greg.Whalley@enron.com]
Sent: None
To: Benjamin Bergfelt
Subject: RE: power companies

heard a rumor that EIX may file for bankruptcy on wednesday.

----Original Message-----
   >From:      "Benjamin Bergfelt" <ben.bergfelt@painewebber.com>
   >To:             "'gregwhalley@yahoo.com'"
<gregwhalley@yahoo.com>,"'greg.whalley@Enron.com'" <greg.whalley@enron.com>
   >Cc:
   >Bcc:
   >Subj:      power companies
   >Sent:      Monday, December 11, 2000 5:47 PM
   >
   >Greg, Fitch is reducing credit ratings on the CA utilities, EIX and
PCG, Moody's is considering it. The news wire said PG&E(PCG) is going to be
at 6 Billion by the end of December in the whole. More should be available
in the AM. Ben


As you may know by now, I will not be returning to Houston.  Cindy Justice
will be managing the recruitment for Anderson, you can contact her on X57339
if you have any questions.

I have made the following arrangements for Fall:

4th October 2000:

Corporate Presentation
Time: 4:00-6:00pm
Entrepreneurs Hall, Room C201

27 October 2000:

First Round Interviews
Time: 8.30 am-5:30 pm
Entrepreneurs Hall, Room C201
6 rooms booked

28th October 2000:

Second Round Interviews
(Check with program)
Time: 8:30am-5.30pm
Venue to be arranged

31 January 2001

First Round Interviews for summer program
Entrepreneurs Hall, Room C201
6 rooms booked

Good luck for the next season.  It was great to work with you.

Regards,

Anne-Marie


I am not sure if there are new releases to this document.  The next email
gives an example of the data stored on the plant pc.  I'm not sure what will
be stored on the park pc and pushed into the SQL server.

JD
---------------------- Forwarded by Jeff Duff/EWC/Enron on 05/28/2002 10:59
AM ---------------------------

Joe Chapman
05/06/2002 11:02 AM
To: Jeff Duff/EWC/Enron@ENRON
cc:

Subject: Curtailment software document

Attachedments:
  1. Curtailment program document
  2. Example database files

Joe


You have received this message because someone has attempted to send you an e-mail from outside of Enron with an attachment type that Enron does not allow into our messaging environment. Your e-mail has been quarantined and is being held at the MailSweeper server.

Sender:  lwbthemarine@alltel.net
Date:  Fri, 11 Jan 2002 06:31:54 -0600
Subject:  Bob Hebert for County Judge
Attachment Type: Scenarios/Incoming/Inbound URL Catcher: A filename matching the file mask was detected: 'bob hebert for county judge.url'.

If the intended email is of valid business-related content and you believe it requires Enron resources to retrieve it, you may call your Help Desk and ask to have it released from quarantine and delivered to your e-mail Inbox. Your message will be scanned and checked for viruses prior to requested release.  If it contains a virus or there is reason to suspect it is malicious code, it will not be delivered.

North American Resolution Center: 713 853 1411
European Resolution Center: 0044 207 78 36777
EES Help Desk: 888 853 9797
ETS Solution Center: 713 345 4745 (Houston) or 402 398 7454 (Omaha)

Please DO NOT reply to this address as it is not a monitored system mailbox.


David:
What is the name of the Reliant entity that the other deal is booked under?
If you can please bring a copy with you this afternnon.  Thanks.
Carol


---------------------- Forwarded by Robin Rodrigue/HOU/ECT on 12/11/2000
03:13 PM ---------------------------
To: Robin Rodrigue/HOU/ECT@ECT, Judy Dyer/HOU/EES@EES, Michelle
Gross/HOU/EES@EES, Wayne Kimball/HOU/EES@EES, Derenda Plunkett/Enron
Communications@Enron Communications, Jeff McClellan/HOU/EES@EES,
gbill@contechnet.com
cc:
Subject: FW: Picture of New Air Force One


Very  interesting ....
-----Original Message-----
From: Cherry, Brian
Sent:  Monday, March 26, 2001 8:08 AM
To: Andrew Niven (E-mail); Benjamin  Campbell (E-mail); Dan McLafferty
(E-mail); Dan Thomas (E-mail); David Anderson  (E-mail); Dede Hapner
(E-mail); Dennis Gee (E-mail); Donald Petersen (E-mail);  Frank Lindh
(E-mail); G Jefferson (E-mail); Gary Guerrero (E-mail); Geoffrey  Bellenger
(E-mail); George Clavier (E-mail); J Reidenbach (E-mail); Jerry Miller
(E-mail); John Armato (E-mail); John Clarke (E-mail); Joshua Bar-Lev
(E-mail);  Karen Tomcala (E-mail); Kevin Ernst (E-mail); Kirk Johnson
(E-mail); Les Buchner  (E-mail); Les Guliasi (E-mail); Linda Agerter
(E-mail); Lisa Lieu (E-mail); Lise  Jordan (E-mail); Mark Huffman (E-mail);
Michael Katz (E-mail); Neha Patel  (E-mail); Patrick Golden (E-mail); Paul
Sivley (E-mail); Randall Litteneker  (E-mail); Ray Williams (E-mail); Richard
Hall (E-mail); Rodney Boschee (E-mail);  Sandra Burns (E-mail); Sandy
Dickinson (E-mail); Shaun Halverson (E-mail);  Shelly Malekos (E-mail);
Shirley Woo (E-mail); Stuart Tartaglia (E-mail); Todd  Arnett (E-mail);
Trista Berkovitz (E-mail)
Subject: FW: workshop  notice

Attached  for your information is an April 17 Notice of Workshop to Discuss
California  Natural gas Infrastructure issued by the Energy Division.? The
Energy  Division has scheduled the workshop to gather information on and
obtain analyses  of the status of California's natural gas transmission and
storage capacity and  the adequacy of that capacity to deliver gas to
California in the  future.

The  Energy Division is requesting that PG&E, SoCalGas, and SDG&E make
personnel and resources available to discuss and address the status of their
gas  systems,? the adequacy of serving demand, and the future adequacy to
meet  demand over the near -term (next year), mid-term (2-5 years) and
long-term (over  5 years).?? The notice also mentions that the Commission is
concerned  over the adequacy of the 2000 CGR, particularly the electric
generation forecast  and requests that the utilities be prepared to bring to
the workshop the most  recent and up-to-date EG forecast and address gas
demand from new power  projects.

I've  been told that this request is coming through the Energy Division from
the  President Lynch's office and is in response to legislative concerns over
natural  gas infrastructure development.

?

 - Notice for gas infrastructure workshop.doc


On Equitrans - please match deal 136019 with 204769.

Thanks


FYI.  Haven't reviewed it yet.  Please review and comment.  Thanks.

---------------------- Forwarded by Mona L Petrochko/SFO/EES on 09/07/2000
11:50 AM ---------------------------

"Seabron Adamson" <seabron.adamson@frontier-economics.com> on 09/07/2000
10:00:56 AM
To: "Mona L Petrochko" <mpetroch@enron.com>
cc:
Subject: Two sections for CPUC repsonses

Mona:

I saw the email about the delay. We have attached some draft material for
some of the questions anyway. I will call you in a bit to go through it.

Seab

This e-mail, and any attachments thereto, is intended only for use by the
addressee(s) named herein and may contain legally privileged and/or
confidential information.  If you are not the intended recipient of this
e-mail, you are hereby notified that any dissemination, distribution or
copying of this e-mail, and any attachments thereto, is strictly prohibited.
If you have received this e-mail in error, please immediately notify me at
(617) 354-0060 and permanently delete the original and any copy of any
e-mail and any printout thereof.

Seabron Adamson
Frontier Economics Inc
Two Brattle Square
Cambridge, MA 02138 USA
Ph:  (617) 354-0060
Fax: (617) 354-0640
seabron.adamson@frontier-economics.com

 - 00-09-07 SA Seab additions.doc
 - 00-09-07 SS Sabine additions.doc


I guess my new address is chris.germany@enron.com

---------------------- Forwarded by Chris Germany/HOU/ECT on 03/24/2000 07:29
AM ---------------------------
From: ECT Notes Admin on 03/24/2000 01:07 AM
To: Chris Germany/HOU/ECT@ECT
cc:
Subject: @ect.enron.com email notification!

We are one @enron.com!

Please be aware of the following senders were automatically notified to (a).
stop sending internet mail to your @ect.enron.com address and to (b). send
future internet communications to Chris.Germany@enron.com :

mgermany@CH2M.com, insider@previewtravel1.m0.net

REMINDER :
Your @ect.enron.com address should not be used any longer and will be
deactivated soon.  So please make sure these contacts switch to your new
@enron.com address.  If you have subscribed to mailing lists, please make
sure to update your addresses there as well.
AND
Your shortname@enron.com address (i.e. jsmith@enron.com) will continue to
work, even though your formal address is longname@enron.com (i.e.
john.smith@enron.com)

Please do not reply to this message as it was automatically generated.


Hi
we leave for florida on the 20th and get back the 27th
Their last name is brown and the reason you can't get through is because
either your dialing the 889 8479 number or youve called while my mom was
talking to bob mike or frank.  I also have another screenname :
MrFroggy@cs.com
Merry Christmas
Julie


The attachment looks innocuous enough to me.

	"Taylor, Rob" <robtaylor@akllp.com>
	11/28/2000 07:46 PM

		 To: <kay.mann@enron.com>, <roseann.engeldorf@enron.com>,
<mary.cilia@enron.com>, <mary.kimball@enron.com>,
<cheryl.lipshutz@enron.com>, <david.mitchell@enron.com>,
<peter.n.anderson@enron.com>, <brett.wiggs@enron.com>
		 cc: "Seve, Paul" <paulseve@akllp.com>, "Porto, Frederico"
<fredericoporto@akllp.com>, "Popplewell, Tom" <tompopplewell@akllp.com>,
"Bunk, Sean" <seanbunk@akllp.com>
		 Subject: GE Consent - Elektrobolt Turbines

 Attached is a draft of the GE consent to the assignment of the
LM6000 Turbines to the Owner Trust.  A draft of the Purchase Option
Assignment and Assumption Agreement for this transfer will follow
shortly.

Please let me know if you have any questions or comments regarding the
attached draft.

Regards,

Rob Taylor
Andrews & Kurth L.L.P.
600 Travis Street
Suite 4200
Houston, Texas  77002

Tel: (713) 220-4436
Fax: (713) 238-7273
e-mail: robtaylor@andrews-kurth.com

This e-mail is privileged and confidential and is intended only for the
recipient(s) named above.  If you are not the intended recipient, please
(i) do not read, copy, use or disclose the contents hereof to others
(any of the foregoing being strictly prohibited), (ii) notify the sender
immediately of your receipt hereof, and (iii) delete this e-mail and all
copies of it.
 <<GE Consent (SouthAmerica).DOC>>
 - GE Consent (SouthAmerica).DOC


Please plan to attend the following meeting:

Date:  Monday April 10th
Time:  3:00 - 4:00
Location: EB2133

Thank you,

Adrial Boals
X 5-8849


---------------------- Forwarded by Laura Harder/Corp/Enron on 11/27/2000
08:43 AM ---------------------------

	Enron North America Corp.

	From:  Amanda Huble                           11/22/2000 10:47 AM

To: Becky Young/NA/Enron@Enron, Laura Harder/Corp/Enron@Enron, Jessica
Presas/Corp/Enron@ENRON, Ina Rangel/HOU/ECT@ECT, Airam Arteaga/HOU/ECT@ECT,
Kimberly Brown/HOU/ECT@ECT
cc:

Subject: Please forward to your groups.

Reminder...

PIRA will be here giving a presentation on November 30th in EB32C2 at 3:30
p.m.  Attached are 2 versions  of the presentation.

Thank you,
Amanda Huble
Ext: 34384

Please feel free to call me if you have any questions.


Mark,
I would appreciate your help in nudging an Online FERC filing.  Our traders
feel somewhat hamstrung that they can't use Enron Online because of affiliate
restrictions in our tariffs.  The concern is particularly heightened as we
plan for the uncertaintly in the markets this summer.  A couple of months back
we got management agreement within Enron to make this happen.  A month ago PGE
and EPMI companion filings had been drafted and filing appeared imminent.
Since then, however, we have been going back and forth on redrafts to address
a series of issues that the Online folks have been raising.  I'm looking for a
way to break this loose, if possible.  dn


Khymberly Booth, x52532

 -----Original Message-----
From: 	Germany, Chris
Sent:	Friday, June 21, 2002 9:37 AM
To:	Choate, Heather
Subject:	HR

Who is our HR rep?


Here are the relevant documents re SB 28X.

The first one is the draft prepared by the consultant to the Senate Energy
Committee, Lawrence Lingbloom on the staff of Sen. Deborah Bowen.

 <<X22605.DOC>>

The second on is the draft language submitted by the direct access coalition
of which Enron is a part, along with many other parties, including UC/CSU.

 <<SB27X.DOC>>

Please let me or Jeanne Bennett know if we can be of any further assistance.
Mike Day

 - X22605.DOC
 - SB27X.DOC


Here is the answer regarding the approvals in South Korea.  You will see Mike
is concerned about shareholder agreements, which I have not raised with you
before, as that seems beyond the scope of what you asked for, and I assume
that we encounter this in many deals, but he has elaborated his concerns
below, whcih are there for you to reach your own views on.  Let me know if
you need more.   mcs
---------------------- Forwarded by Mark Schroeder/LON/ECT on 02/06/2000
17:09 ---------------------------

Mike Dahlke@ENRON_DEVELOPMENT
02/06/2000 15:49
To: Mark Schroeder@ECT
cc:

Subject: Re: CONFIDENTIAL - MORE - back

Mark

You are correct that asset sales will bring into play considerable "approval"
issues, e.g. transfer of the "franchise" or business license of 9 separate
CGCs.  A stock sale generally avoids these issues.  If the Enron then plans
to "sell" it's direct shares in the JV, then there is, I believe a "Fair
Trading Commission" notification that is required.  Your word, "proforma"
probably describes the nature of FTC approval here.  However, this may not be
an insignificant matter if  a "buyer" such as Tractable or Samchully were
involved the FTC might be "active" in it review of the transaction because of
concerns about the Seoul Metropolitan area.

I still believe Enron's biggest challenge related to dealing the JV shares
directly, is the "honeymoon" clause in the "Shareholders' Agreement"  between
ourselves and SK Corp.  Darrell Kinder commented to me recently that he did
not feel that the "monetization" process that was being developed would
suffer as a result of this clause - he said he couldn't see on what basis SK
would object.  A transaction that involves another true "industry" buyer,
however, may be a very hard sell to SK.  Regardless of the nature of the
buyer (financial institution or energy sector operator), SK is likely and
legitimately bargain hard.  Enron, considering they have always maintained
that a partnership with Enron was one of their objectives for organizing the
JV with us.  It is said that our price was not the highest one but SK's
Chairman Chey "broke the tie" based on his reception in Houston in October of
1988.  Hence, SK might now oppose strongly to protect itself.

If Enron should sell the shares of Enron, Korea LLC rather than the
underlying shares in SKE, then it may be subject to some notices in the US
(check) but may avoid the kOREAN issues.  But it may avoid the "honeymoon"
period approval by SK Corp. (Legal/Tax questions for the most part).

The "change of control" issue that I briefly mentioned is relates to any
language that triggers the "honeymoon" provisions based on the "ultimate"
parent being some entity other than Enron.  If such language is lurking
somewhere in the document. then all roads would seem to lead back to having
SK Corp's blessing.

Hope this is clear as jet lag has grabbed my brain this evening.

Mike D.

___________________________________________________________________
Author: Mark Schroeder, June 2, 2000
To: Mike Dahlke/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc:

Subject: one more

Still in confidence:  Is there any required notification to competition
authorities in South Korea, like the US version of Hart-Scott-Rodino, for
changes in asset control ownership?  thanks  mcs

_____________________________________________________________________

Mark Schroeder@ECT
06/02/2000 04:06 AM
To: Mike Dahlke/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc:

Subject: CONFIDENTIAL - MORE

Mike - I think I am correct in inferring from your note on the subject of the
financing we have been reviewing, that sale of our stock in the joint venture
triggers no regulatory approval, and that this also implies that there would
then be NO local approvals required.  Your earlier e-mail noted the "pro
forma" (my word choice, not your's) approval for transfer of assets, but I am
assuming that this does not extend to changes in ownership at the
parent/holding company level, i.e., there is no intnetion to reach what would
be a de facto change in ownership/control of assets via a stock sale.
Hopefully, I am being clear, if not let me know, and more importantly, let me
know if I am correct.  thanks  mcs


I love you, baby.  Study hard.

Kean_Nora <Nora_Kean@Duchesne.org> on 05/04/2001 01:09:47 PM
To: "'skean@enron.com'" <skean@enron.com>
cc:

Subject: Hi Daddy

   Hi Daddy. I love you!!
      - Nora


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 04/13/2001
09:58 PM ---------------------------

Sheridan Titman <titman@mail.utexas.edu> on 03/28/2001 05:22:22 PM
To: Vince.J.Kaminski@enron.com, Shirley.Crenshaw@enron.com
cc:
Subject: consulting project

Dear Vince:

 I have now spent 16 hours on the valuation project and wanted to touch
base with you to make sure that the basic approach makes sense and that you
think we are making an appropriate amount of progress.  My invoice is
attached.

 By the way, John Martin just mentioned that you have agreed to be our
luncheon speaker at the Texas Finance Festival.  I really appreciate your
help on this and would like to schedule some time next week to talk about
it in more detail.

 I look forward to hearing from you.

regards,

Sheridan
 - Invoice for February and March 2001.doc

Sheridan Titman
Department of Finance
College of Business Administration
University of Texas
Austin, Texas 78712-1179

512-232-2787 (phone)
512-471-5073 (fax)

titman@mail.utexas.edu


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