In reviewing Jeff Shields' expenses for the previous two months, I have found
two travel itineraries which came without prices on them. Jessica and Mollie
have both checked their e-mail and confirmed that the only documents sent did
not detail the cost of the trip.

The prices I need are from the following trips:

Itinerary only - August 28, Alaska Airlines, PDX-SeaTac-Helena-SeaTac-PDX,
Reservation # AS/WXOKNK
 (reservation made August 24)
Itinerary only - Sept. 6 to 7, Delta Airlines, PDX-Salt Lake
City-Spokane-PDX, Reservation # DL/V2KIC3
 (reservation made September 6)

Thank you so much for your time.

Kate Symes
West Origination Clerk
Enron NA
503.464.3748


PREBON

Matt Motley
I am missing the following deal:
Enron sells to Alleghany Q4'01 Palo Verde at $125.00 peak hrs

Chris Mallory
I am missing the following deal:
Enron buys from Duke Q3'01 NP-15 at $180.00 peak hrs

Jeff Richter
deal 562546
Prebon shows 25 mw ....enpower has 23 mw

AMEREX WEST
All deals are fine.

BLOOMBERG      P.S. I am still confirming trades for Bloomberg.

Mike Driscoll
deal 562226
Bloomberg show cp name as Arizona Public Service Company....enpower has
Pinnacle West Corp.

Tom Alonso
I am missing the following deal:
Enron sells to El Paso 25 mw of April'01 PV peak hrs at $265.00

Sean Crandall
I am missing the following deal:
Enron buys from Pacificorp25 mw April MID-C peak hrs at $285.00


Scott:  Could please sure that Bev gets this?  Thanks.

Best,
Jeff
----- Forwarded by Jeff Dasovich/NA/Enron on 07/11/2001 11:34 AM -----

	Jeff Dasovich
	Sent by: Jeff Dasovich
	07/11/2001 11:34 AM

		 To: Ann.Cohn@sce.com, "'Barbara Barkovich (E-mail)'"
<brbarkovich@earthlink.net>, "Dominic DiMare (E-mail)"
<dominic.DiMare@calchamber.com>, "'Dorothy Rothrock (E-mail)'"
<drothrock@cmta.net>, "'John Fielder (E-mail)'" <fieldejr@sce.com>, "'Phil
Isenberg (E-mail)'" <isenberg@hmot.com>, "'Jeff Dasovich (E-mail)'"
<jdasovic@enron.com>, "'Keith McCrea (E-mail)'" <kmccrea@sablaw.com>, "'Linda
Sherif (E-mail)'" <lys@a-klaw.com>, "'Linda Sherif (E-mail 2)'"
<lysherif@yahoo.com>, "'Gary Schoonyan (E-mail)'" <schoongl@sce.com>, "'John
White (E-mail)'" <vjw@cleanpower.org>, <dhunter@s-k-w.com>,
Rick.Simpson@asm.ca.gov
		 cc:
		 Subject: Sher Shops Alternative Edison Bailout Plan

Folks:  Please see highlighted sections.  Anyone seen Byron's plan?  Know
where it's headed, etc.?

Best,
Jeff
*************************************************************************
Power purchase bills exceed $7.5 billion
Published Tuesday, July 10, 2001, in the San Jose Mercury News
BY MARK GLADSTONE, NOAM LEVEY AND DION NISSENBAUM

Mercury News Sacramento Bureau

SACRAMENTO -- Six months after jumping into the electricity business, the
Davis administration on Monday provided the first detailed glimpse of
California's daily power purchases, showing more than $5 billion in payments,
much of it to government-owned utilities and private companies that state
officials have branded as price gougers.
The state spent an additional $2.5 billion on a variety of contracts and
other electricity services designed to stabilize the volatile energy markets,
according to documents that the state agreed to release last week amid a
legal dispute over public access to the data.
In roughly the first five months of the year, the state shelled out $1.2
billion to Atlanta-based Mirant, the most any company was paid for
electricity, followed by $1 billion to Powerex, the marketing arm of BC Hydro
in British Columbia. It also paid $331 million to the Los Angeles Department
of Water and Power.
The documents raise questions about some of the common assumptions that have
arisen around the electricity crisis. For instance, almost 40 percent of the
state's purchases have come from government-run power generators in
California and elsewhere, but not Texas; some of the biggest suppliers are
from the Northwest.
Gov. Gray Davis, who has ambitions to run for the White House, has put much
of the blame for the soaring costs of power on energy companies based in
President Bush's home state.
The figures are tucked inside 1,770 of pages of invoices that Davis has
resisted divulging, saying disclosure would encourage suppliers to charge
more. The state, which last month released information on its long-term
electricity contracts worth $43 billion, agreed Thursday to release the first
quarter details.
Short on explanation
The figures were disclosed late Monday by the California Department of Water
Resources, which buys power for the state's financially strapped major
utilities, and seem to buttress the administration's contention that the
price of power is gradually dropping but offer little or no explanation for
what prompted the decrease.
In January, for instance, the average price for power on the spot market was
$321 a megawatt hour. It peaked in April at $332 and dropped to $271 in May.
One megawatt powers about 750 homes.
Davis spokesman Steve Maviglio said the price data supports the governor's
assertions that California has been gouged. ``The bad guys are clearly the
out-of-state generators,'' Maviglio said. ``There has been a significant
shift of money out of California.''
But the documents fail to shed much light on whether, as the administration
contends, the price drop was due to long-term power contracts negotiated by
the state earlier this year. Critics contend that the Davis administration
panicked and rushed into deals that commit the state to pay high prices for
many years.
Used for support
Republican officials used the price information to bolster their attacks
against Davis, a Democrat, for signing long-term contracts with power
generators even as the price of power on the spot market was coming down,
partly because of the declining price of natural gas used to fuel many
plants.
``It's more clear than ever that the long-term contracts are a bad deal,''
said Assemblyman Tony Strickland, R-Camarillo. ``The governor's really hurt
the ratepayers for the next five or 10 years.''
The newly released bills highlight the volatility of California's energy
market, where the price per megawatt hour ranged from $70 to $1,000. On any
given day, the records show, the prices from seller to seller varied widely,
with some of the highest prices being charged by public utilities and
companies outside Texas.
On one day in February, for example, San Diego-based Sempra Energy was
charging $165 per megawatt hour, the Eugene Water and Electric Board was
charging nearly $500 and Duke Energy, a North Carolina company, was charging
up to $575.
The state's daily spending peaked May 10 at $102.4 million for all power,
including the spot market and contracted power.
The state began buying power in mid-January on behalf of the state's major
utilities, which were unable to borrow money to buy power after amassing
enormous debts for electricity.
San Jose-based Calpine Corp., which is building several new power plants
around California including one in South San Jose, did only $29 million worth
of business with the state in the first five months of the year, according to
the figures.
The state began buying power in mid-January when Pacific Gas & Electric Co.
and Southern California Edison Co. were on the ropes financially. PG&E later
went into bankruptcy.
On Monday, state lawmakers took another shot at trying to cobble together a
plan to rescue financially ailing Edison.
While most concede that a rescue plan Davis worked out with Edison will not
win the necessary support in the Legislature, lawmakers have created several
working groups to come up with alternatives.
Compromise plan
On Monday, state Sen. Byron Sher, D-Redwood City, unveiled the latest
compromise proposal that seeks to protect average ratepayers and small
businesses from further rate increases and forces everyone else to help
finance the Edison bailout.
The ``shared pain'' proposal would force power producers, owed about $1
billion, to take a 30 percent ``haircut'' and agree to forgive about $300
million in Edison debts. Edison would be asked to swallow $1.2 billion --
about a third of its debt. And big users would be asked to pay off the
remaining $2 billion in debts, possibly by paying higher prices for power.
In exchange, large companies would be given the opportunity to buy power on
the open market, a system that would allow many of them to sign cheap energy
deals.
Sher presented the proposal to Senate Democrats Monday afternoon, but it
remains unclear how much support the framework will receive in the
Legislature.

Contact Mark Gladstone at mgladstone@sjmercury.com or (916) 325-4314.


----- Forwarded by James D Steffes/NA/Enron on 11/22/2000 09:13 AM -----

	"Ronald Carroll" <rcarroll@bracepatt.com>
	11/22/2000 08:59 AM

		 To: <acomnes@enron.com>, <jdasovic@enron.com>, <jsteffe@enron.com>,
<mary.hain@enron.com>, <smara@enron.com>, <snovose@enron.com>,
<seabron.adamson@frontier-economics.com>
		 cc:
		 Subject: Fwd: California: U.S. energy sec says FERC proposals not enough-WSJ

----- Message from "Tracey Bradley" <tbradley@bracepatt.com> on Wed, 22 Nov
2000 08:52:22 -0600 -----
To:	"Deanna King" <dking@bracepatt.com>, "Paul Fox" <pfox@bracepatt.com>,
"Ronald Carroll" <rcarroll@bracepatt.com>
Subject:	California: U.S. energy sec says FERC proposals not enough-WSJ
U.S. energy sec says FERC proposals not enough-WSJ

     NEW YORK, Nov 22 (Reuters) - U.S. Energy Secretary Bill Richardson will
propose on Wednesday stricter bidding rules in California's energy auction
market and a broader investigation of market abuse, the Wall Street Journal
reported in its electronic edition Wednesday.

     The paper reported Richardson as saying fixes proposed by the Federal
Energy Regulatory Commission (FERC) for the troubled California electricity
market stopped short of what was needed to control runaway prices.

     Earlier this month FERC issued a plan designed to reform California's
deregulated power market after prices soared to record levels this year,
sparking a public outcry.

     On Tuesday, the California Public Utilities Commission on voted to ask
federal regulators to impose price caps on the state's wholesale power
market.

     The state regulator also said in a statement it is to make a filing with
FERC on Wednesday arguing FERC's proposed remedies for the state's troubled
power market were inadequate to protect consumers.

     Richardson is offering to be a mediator, and says he wants to end fierce
bickering between federal and state officials over who is to blame for dozens
of electrical emergencies this year, the newspaper said.

     The energy secretary said he thinks the FERC, which regulates wholesale
U.S. energy markets, needed to investigate allegations of market abuse more
aggressively, utilising its subpoena powers, the paper added.

     New York Newsroom (212) 859-1700


Thanks. What was his response?

	Enron North America Corp.

	From:  Chris Booth @ ENRON                           05/21/2001 11:30 AM

To: Ben Jacoby/HOU/ECT@ECT, Rebecca Walker/NA/Enron@Enron
cc:
Subject: Payment of Invoices

---------------------- Forwarded by Chris Booth/NA/Enron on 05/21/2001 11:30
AM ---------------------------

	From:  Chris Booth                           05/21/2001 11:30 AM

To: jeffrey.darst@ps.ge.com
cc: Kay Mann/Corp/Enron@Enron, Ben Jacoby

Subject: Payment of Invoices

Jeff,

Per our conversation last Friday, please see the attached letter regarding
payment of invoices.

Chris

P.S.  Original letter to follow via FedEx.


Outlook Migration Team@ENRON
05/11/2001 03:49 PM
To: Cheryl Wilchynski/HR/Corp/Enron@ENRON, Cindy R Ward/NA/Enron@ENRON, Jo
Ann Hill/Corp/Enron@ENRON, Sonja Galloway/Corp/Enron@Enron, Bilal
Bajwa/NA/Enron@Enron, Binh Pham/HOU/ECT@ECT, Bradley Jones/ENRON@enronXgate,
Bruce Mills/Corp/Enron@ENRON, Chance Rabon/ENRON@enronXgate, Chuck
Ames/NA/Enron@Enron, David Baumbach/HOU/ECT@ECT, Jad Doan/ENRON@enronXgate,
O'Neal D Winfree/HOU/ECT@ECT, Phillip M Love/HOU/ECT@ECT, Sladana-Anna
Kulic/ENRON@enronXgate, Victor Guggenheim/HOU/ECT@ECT, Alejandra
Chavez/NA/Enron@ENRON, Anne Bike/Enron@EnronXGate, Carole
Frank/NA/Enron@ENRON, Darron C Giron/HOU/ECT@ECT, Elizabeth L
Hernandez/HOU/ECT@ECT, Elizabeth Shim/Corp/Enron@ENRON, Jeff
Royed/Corp/Enron@ENRON, Kam Keiser/HOU/ECT@ECT, Kimat Singla/HOU/ECT@ECT,
Kristen Clause/ENRON@enronXgate, Kulvinder Fowler/NA/Enron@ENRON, Kyle R
Lilly/HOU/ECT@ECT, Luchas Johnson/NA/Enron@Enron, Maria Garza/HOU/ECT@ECT,
Patrick Ryder/NA/Enron@Enron, Ryan O'Rourke/ENRON@enronXgate, Yuan
Tian/NA/Enron@ENRON, Frank Ermis/HOU/ECT@ECT, Jane M Tholt/HOU/ECT@ECT, Jay
Reitmeyer/HOU/ECT@ECT, Keith Holst/HOU/ECT@ect, Matthew Lenhart/HOU/ECT@ECT,
Mike Grigsby/HOU/ECT@ECT, Monique Sanchez/HOU/ECT@ECT, Phillip K
Allen/HOU/ECT@ECT, Randall L Gay/HOU/ECT@ECT, Tori Kuykendall/HOU/ECT@ECT,
Ina Norman/HOU/ECT@ECT, Jackie Travis/HOU/ECT@ECT, Michael J
Gasper/HOU/ECT@ECT, Brenda H Fletcher/HOU/ECT@ECT, Jeanne
Wukasch/Corp/Enron@ENRON, Mary Theresa Franklin/HOU/ECT@ECT, Mike
Potter/NA/Enron@Enron, Natalie Baker/HOU/ECT@ECT, Suzanne
Calcagno/NA/Enron@Enron, Albert Stromquist/Corp/Enron@ENRON, Rajesh
Chettiar/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Derek Anderson/HOU/ECT@ECT,
Brad Horn/HOU/ECT@ECT, Camille Gerard/Corp/Enron@ENRON, Cathy
Lira/NA/Enron@ENRON, Daniel Castagnola/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT,
Eva Tow/Corp/Enron@ENRON, Lam Nguyen/NA/Enron@Enron, Andy
Pace/NA/Enron@Enron, Anna Santucci/NA/Enron@Enron, Claudia
Guerra/NA/Enron@ENRON, Clayton Vernon/Corp/Enron@ENRON, David
Ryan/Corp/Enron@ENRON, Eric Smith/Contractor/Enron Communications@Enron
Communications, Grace Kim/NA/Enron@Enron, Jason Kaniss/ENRON@enronXgate,
Kevin Cline/Corp/Enron@Enron, Rika Imai/NA/Enron@Enron, Todd
DeCook/Corp/Enron@Enron, Beth Jensen/NPNG/Enron@ENRON, Billi
Harrill/NPNG/Enron@ENRON, Martha Sumner-Kenney/NPNG/Enron@ENRON, Phyllis
Miller/NPNG/Enron@ENRON, Sandy Olofson/NPNG/Enron@ENRON, Theresa
Byrne/NPNG/Enron@ENRON, Danny McCarty/ET&S/Enron@Enron, Denis
Tu/FGT/Enron@ENRON, John A Ayres/FGT/Enron@ENRON, John
Millar/FGT/Enron@Enron, Julie Armstrong/Corp/Enron@ENRON, Maggie
Schroeder/FGT/Enron@ENRON, Max Brown/OTS/Enron@ENRON, Randy
Cantrell/GCO/Enron@ENRON, Tracy Scott/Corp/Enron@ENRON, Charles T
Muzzy/HOU/ECT@ECT, Cora Pendergrass/Corp/Enron@ENRON, Darren
Espey/Corp/Enron@ENRON, Jessica White/NA/Enron@Enron, Kevin
Brady/NA/Enron@Enron, Kirk Lenart/HOU/ECT@ECT, Lisa Kinsey/HOU/ECT@ECT,
Margie Straight/HOU/ECT@ECT, Mark L Schrab/HOU/ECT@ECT, Souad
Mahmassani/Corp/Enron@ENRON, Tammy Gilmore/NA/Enron@ENRON, Teresa
McOmber/NA/Enron@ENRON, Wes Dempsey/NA/Enron@Enron, Barry
Feldman/NYC/MGUSA@MGUSA, Catherine Huynh/NA/Enron@Enron
cc:
Subject: 2- SURVEY/INFORMATION EMAIL 5-14- 01

Current Notes User:

To ensure that you experience a successful migration from Notes to Outlook,
it is necessary to gather individual user information prior to your date of
migration.  Please take a few minutes to completely fill out the following
survey. Double Click on document to put it in "Edit" mode. When you finish,
simply click on the 'Reply With History' button then hit 'Send'  Your survey
will automatically be sent to the Outlook 2000 Migration Mailbox.

Thank you.

Outlook 2000 Migration Team

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

Full Name:        Phillip Love

Login ID:  plove

Extension:  3-7376

Office Location:  EB3264b

What type of computer do you have?  (Desktop,  Laptop,  Both)  Desktop

Do you have a PDA?  If yes, what type do you have:   (None, IPAQ, Palm Pilot,
Jornada)  None

Do you have permission to access anyone's Email/Calendar?  no
    If yes, who?

Does anyone have permission to access your Email/Calendar?
    If yes, who?  yes. Elizabeth Soto & Irena Hogan

Are you responsible for updating anyone else's address book?
    If yes, who?  NO

Is anyone else responsible for updating your address book?
    If yes, who?  NO

Do you have access to a shared calendar?
    If yes, which shared calendar?  NO

Do you have any Distribution Groups that Messaging maintains for you (for
mass mailings)?
    If yes, please list here:  NO

Please list all Notes databases applications that you currently use:
personal address book

In our efforts to plan the exact date/time of your migration, we also will
need to know:

What are your normal work hours?  From:  7:30 a.m.    To:  7 p.m.

Will you be out of the office in the near future for vacation, leave, etc?
       If so, when?    NO    From (MM/DD/YY):      To (MM/DD/YY):


please see attached....and should anyone in the fold ever resort to
something so vile, can we all make a pact to take him/her outside and
dispose of execution-style? *sigh*
e

>From: "Marci Arena" <marena@us.ibm.com>
>To: katyhester@hotmail.com, ehillegeist@hotmail.com, jarena@atvsi.com,
>   "Michelle M Koert" <mkoert@us.ibm.com>
>CC: tomolly@rochester.rr.com
>Date: Sat, 9 Feb 2002 10:31:30 -0800
>
>          http://10k4awife.com/
>
>This is kind of bizarre.
>
>Marci Arena
>IBM Client Executive
>Global Mid-Market West, Southern California
>879 W. 190th Street  Gardena, California 90248
>Phone: (310) 768-4206 tie line 297-4206
>Fax: (310)768-4669 tie line 297-4669
>Cellular: (310) 621-1249
>marena@us.ibm.com
>
>"Find someone to thank, hug, praise and redeem today, and everyday."
>-Radisty
>

_________________________________________________________________
Join the world's largest e-mail service with MSN Hotmail.
http://www.hotmail.com


Click here to review this morning's issue of SNL Daily EnergyWatch http://www.snl.com/msi/edal032102.pdf.

SNL Daily EnergyWatch(tm) is the only daily newsletter focused on the energy industry from an investor's perspective. It's the latest addition to SNL's award-winning family of industry newsletters. Every day, SNL Daily EnergyWatch covers new generation announcements, M&A stories, utility rate activity, company and industry news, earnings estimates and revisions, energy spot prices and more.

To prove to you how invaluable SNL Daily EnergyWatch can be, we are sending you complimentary issues for the next two weeks.

Edward Metz
Managing Director
SNL Financial
(434) 951-7622

If you're unable to view today's issue, simply reply to this e-mail for assistance.

Or to stop receiving these issues, simply call (434) 977-5877 or reply to this e-mail and let us know.


Phil,

I shall be in town through the rest of the week.
Plesase, give me a call.

Vince

07/20/2000 08:34 AM
Phil Sisneros@ENRON COMMUNICATIONS
Phil Sisneros@ENRON COMMUNICATIONS
Phil Sisneros@ENRON COMMUNICATIONS
07/20/2000 08:34 AM
07/20/2000 08:34 AM
To: Vince J Kaminski/HOU/ECT@ECT@ENRON
cc:
Subject: Re:

probably back in town on the 25th, 26th and 27th.  Let me know if anything
works in that time frame.


got it.  haas mix up.  i'll make the calls.

Best,
Jeff


BREAKING NEWS from CNN.com

-- Traces of anthrax found inside an office building of the U.S. House of Representatives. Details soon.

Watch CNN or log on to http://CNN.com /AOL Keyword: CNN for the latest news.
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CNN Interactive email id:882011420221578


fuck you

239b3989d@msn.com on 04/14/2001 05:42:02 AM
Please respond to leehouse211@asia.com
To: 6na10@msn.com
cc:
Subject: I need your phone # to help your debt
problem.                                                   [h7gmu]

How would you like to take all of your debt, reduce
or eliminate the interest, pay less per month,and
pay them off sooner?

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Enron Mandates SSSB For Credit-Linked Note Issue
Capital Markets Report, 05/02/01

UK: Enron plans multi-currency credit-linked bonds
Reuters, 05/02/01

Enron to Sell Credit-Linked Notes in Several Currencies
Bloomberg, 05/02/01

Saudi Gas Proj Consortia Seen Selected 2H May -Sources
Dow Jones, 05/02/01

USA: Enron says no plans to sell Dabhol stake
Reuters, 05/02/01

Centre spikes plan to fix Enron
The Times of India, 05/02/01

India's Dabhol Pwr Co: Naphtha Supply Remains Regular
Dow Jones, 05/02/01

Maharashtra Electricity Board unamused by new Enron demand
The Hindu, 05/02/01

Sinha hopes sanctions will be lifted soon
The Hindu, 05/02/01

Neither State nor MSEB has defaulted on agreement with Enron
Press Trust of India Limited , 05/01/01

Sanctions hurt US interests more than India: Sinha
Press Trust of India Limited, 05/01/01

Sinha confident US will lift sanctions in its own interest
Press Trust of India Limited , 05/01/01

Sinha urges U.S., EU, Japan to boost growth
AFX (AP), 05/01/01

U. Houston: U. Houston forum focuses on minority education
U-Wire, 05/01/01

Prebon Yamane Hires Former RCN Executive to Run Bandwidth Unit
Bloomberg, 05/01/01

Enron's Lay Discusses India's Dabhol Power Project: Comment
Bloomberg, 05/01/01

Enron Mandates SSSB For Credit-Linked Note Issue

05/02/2001
Capital Markets Report
(Copyright (c) 2001, Dow Jones & Company, Inc.)

LONDON -(Dow Jones)- U.S. energy group Enron has mandated Schroder Salomon
Smith Barney as bookrunner for a multi-currency credit-linked notes trust
transaction.
The transaction will consist of tranches in intermediate maturities. A launch
will follow a European roadshow, subject to market conditions.
UBS Warburg will be joint lead manager.

UK: Enron plans multi-currency credit-linked bonds.

05/02/2001
Reuters English News Service
(C) Reuters Limited 2001.
LONDON, May 2 (Reuters) - Enron Credit Linked Notes Trust has mandated
Salomon Smith Barney and UBS Warburg to lead manage a multi-currency
transaction, the banks said on Wednesday. The issue will consist of tranches
in intermediate maturities and will be launched following investor
presentations in Europe.

Enron to Sell Credit-Linked Notes in Several Currencies
2001-05-02 08:34 (New York)

Enron to Sell Credit-Linked Notes in Several Currencies

     London, May 2 (Bloomberg) -- Enron Corp. plans to raise money
by selling credit-linked notes in several currencies, according to
Salomon Smith Barney, which will manage the sale with UBS Warburg.
     The sale will follow presentations to investors in Europe and
will consist of issues of intermediate maturities, Salomon said in
a faxed statement. Investors usually regard notes maturing in five
to seven years to be intermediate maturities. Salomon declined to
provide details on the size or timing of the sale.
     Credit-linked notes are typically backed by a pool of assets
owned by the issuer. The payments on the notes are often linked to
the creditworthiness of those assets.
     Houston-based Enron has branched out from its gas pipeline
business to include trading in financial contracts such as gas and
electricity futures and derivatives on corporate bankruptcies.
     Enron owns $65 billion in assets, including 32,000 miles of
pipeline that span 21 states and transport 15 percent of all of
the natural gas consumed in the U.S. Other assets include an
18,000-mile fiber-optic network in the U.S. and 51 power plants
and other energy projects in 15 countries.
     Last week Enron agreed to cancel its $3.1 billion sale of
Portland General Electric Co. to Sierra Pacific Resources, after
both companies decided the California energy crisis had made it
too hard to win approval. The state of California has banned power
plant sales by utilities until 2006 amid an electricity shortage.
     Southern California Edison and PG&E Corp.'s Pacific Gas &
Electric Co., California's two largest utilities, have run up more
than $14 billion in debt from buying power at soaring prices. The
two utilities are nearly insolvent.
     Enron has $15.8 billion in bonds outstanding, of which $2.7
billion mature this year, according to Bloomberg figures. Enron is
rated ``BBB+'' by Standard & Poor's and ``Baa1'' by Moody's
Investors Service.

--Christine Harper in the London newsroom (44 20) 7330-7982 or
charper@bloomberg.net with reporting by Adam Levy in Atlanta and
Steve Farr in Princeton   /zls

Story illustration: {ENE US <Equity> DDIS <Go>} to graph Enron's
debt.

-0- (BN ) May/02/2001 12:34 GMT

Saudi Gas Proj Consortia Seen Selected 2H May -Sources
By Dyala Sabbagh
Of DOW JONES NEWSWIRES

05/02/2001
Dow Jones Energy Service
(Copyright (c) 2001, Dow Jones & Company, Inc.)
DUBAI -(Dow Jones)- Consortium leaders and members for the three core gas
ventures on offer in Saudi Arabia are expected to be announced in the second
half of May, sources familiar with the negotiating process have told Dow
Jones Newswires.
As previously reported, the Saudi Arabian committee negotiating with
international oil companies, or IOCs, on the so called Gas Initiative,
recently submitted its proposals for consortium leaders to the kingdom's
Supreme Petroleum Council for approval.
Saudi Arabia invited international oil companies in October 1998 to
participate in proposals for downstream gas projects and upstream gas
enhancement. A series of meetings between the negotiating committee and
shortlisted IOC's have taken place in the past year.
Royal Dutch/Shell Group (RD), BP Amoco PLC (BP), Exxon Mobil (XOM), Chevron
(CHV), TotalFinaElf (TOT) and ENI SpA (E) have been shortlisted for core
venture number one, the $15 billion South Ghawar Area Development. Exxon,
Shell and BP have been dubbed as the frontrunners with ExxonMobil seen as the
strongest contender.
For core venture two, the Red Sea Development, Enron Corp. (ENE) and
Occidental Petroleum Corp. (OXY) are bidding jointly and Exxon Mobil,
TotalfinaElf, Marathon Oil Canada Inc. (T.M), Shell and Conoco Inc. (COCA)
have also been listed. Among these, TotalfinaElf and Shell are seen as strong
possibilities.
For core venture three, the Shaybah area, TotalFinaElf, Conoco, Phillips
Petroleum (P), Enron & Occidental, Exxon Mobil, Shell and Marathon Oil have
been listed. Conoco and TotalfinaElf are said to be frontrunners here.
Role Of Consortium Leaders Still Unclear
Sources have said some companies currently under consideration will be struck
off the list in the final selection.
Consortium leaders are expected to be responsible for directing further
detailed negotiations on the projects at hand, such as pricing and finance.
They are also likely to get the largest stake in any project as well as
operatorship.
But the IOCs are still in the dark as to what their exact roles will be in
the event they are selected, industry sources said.
Still, despite lacking a comprehensive framework, some deals are expected to
be initialed this year. And once sealed, IOCs are also expected to start
talking to local companies about contracting out participation on parts of
the projects.
The three ventures have a combined value of about $25 billion with each one
having on average eight individual components. How these components will be
dealt with or allocated is also as yet undetermined.
Saudi Arabia has about 2.5 billion cubic feet of gas a day in its system
currently and will have about 4 bcf/day by 2003.
By 2025, it will need an estimated 14 bcf/day to meet its own consumption
requirements and for possible export.
By Dyala Sabbagh, Dow Jones Newswires; 9714 3314260;
dyala.sabbagh@dowjones.com

USA: Enron says no plans to sell Dabhol stake
By C. Bryson Hull

05/02/2001
Reuters English News Service
(C) Reuters Limited 2001.

HOUSTON, May 1 (Reuters) - Enron Corp. has no immediate plans to sell its
stake in the troubled $2.9 billion Dabhol power project in western India, the
energy giant's chairman said on Tuesday.

"We're not in any discussion right now on selling the plant," Enron Chairman
Kenneth Lay told reporters after the company's annual meeting. He did not say
whether the company planned to sell the project in the future.
Enron has said in the past that it is unlikely to sell the plant until its
payment disputes are resolved.
"The lenders have sent the government of India a letter indicating the
various things both the government of Maharashtra and the government of India
need to do to come back into compliance with the contract."
The Houston-based company and the government of the western state of
Maharashtra have been locked in a payment battle for months, with the state's
electricity board balking at paying Enron what it considers too high a rate
for electricity.
The fight is also now with the national government of India, which is
contractually bound to cover defaulted payments by Maharashtra, but has since
changed that position.
At present, Maharashtra's State Electricity Board (MSEB) owes the Dabhol
Power Plant, of which Enron is a 65 percent stakeholder, some $48 million for
power.
The Dabhol project, the single largest foreign investment in India, consists
of two phases, the already-built 740 megawatt power plant and a 1,444 MW
plant that is expected to be finished this year.
The second phase could be finished later if the payment issue remains
unresolved, Lay said.
"The construction activity is being scaled down, so it is impacting
operations, but its still not too late to stop any damage from that if the
governments step up and honor the contracts," he said.
Last week, Dabhol's board authorized the plant's managing director to issue a
preliminary notice of termination of service to MSEB. The notice, which has
not been issued, would be the first step for Enron to pull out of the project.
Both governments have a few more weeks to respond to the letter from the
creditors, Lay said. Enron has already declared political force majeure, a
legal maneuver that allows a party to break a contract because of situations
beyond their control, such as coups or civil war.
India can ill-afford the very public fight Dabhol has become, Lay said.
"It sends a very bad signal to the rest of the world as to the difficulties
of investing in India, which is not what India needs right now," Lay said.
India needs a lof of foreign investment if the country expects to build up
its infrastructure, he said.
Indian Finance Minister Yashwant Sinha on Monday told Reuters "there is no
need for us to think that because there is a problem with Enron it is
necessarily going to act as a dampener to foreign direct investment."

Centre spikes plan to fix Enron
Vinu Lal

05/02/2001
The Times of India
Copyright (C) 2001 The Times of India; Source: World Reporter (TM)
MUMBAI: This one would have turned the table in favour of Maharashtra State
Electricity Board (MSEB), only if the Centre had not opposed it. Even before
the Dabhol Power Company (DPC) board meeting that took place in London on
April 25, MSEB was readying with a termination notice intended to be slapped
on Enron just in case.
But both the Union ministries, of power and finance, struck down MSEB's
termination notice plan. Sources confirmed that the board was legally advised
to prepare a termination notice citing contractual default and that the MSEB
chairman, Vinay Bansal had duly signed the notice.
But in a marathon meeting between Union minister of power, Suresh Prabhu and
finance minister, Yashwant Sinha on April 23, MSEB officials were advised not
to act in haste as it would precipitate the issue.
However, sources added that if MSEB had slapped the notice first, then the
liquidated damages payable by the board would have been considerably less
vis-a-vis the situation prevailing now where Enron has authorised the
management to issue termination notice.
``It is still not clear why the Centre spiked the board's plan to issue a
termination notice since they had a valid point in issuing the same citing
the penalty of Rs 401 crore for misdeclaration of power. If Enron cites
non-payment as a default, they are also liable to face termination for
defaulting by misdeclaring their plant's capacity,'' sources added.
Interestingly on April 22, Mr Prabhu was advised by the Shiv Sena leader, Bal
Thackeray, on the issue where he was requested not to dump the project on
Maharashtra. Since the project has sovereign guarantee of the Indian
government, it was mandatory that the Union ministries of finance and power
to clear the proposal of issuing a termination notice.
The Cabinet sub-committee of the government of Maharashtra, which met thrice
recently, had finalised the notice under Schedule 17.2 of the power purchase
agreement, where the contracted party (Enron) has not obliged to PPA
conditions citing the penalty issue.
When contacted Vinay Bansal refused to comment on the issue where the Centre
scuttled MSEB's plans. Legal sources associated with the board confirmed that
under Section 17 of the power purchase agreement, MSEB had prepared a
termination notice in retaliation to the drastic steps Enron was resorting to
after payment defaults.

India's Dabhol Pwr Co: Naphtha Supply Remains Regular

05/02/2001
Dow Jones Energy Service
(Copyright (c) 2001, Dow Jones & Company, Inc.)
NEW DELHI -(Dow Jones)- U.S. energy major Enron Corp.'s (ENE) India unit,
Dabhol Power Co., is continuing to receive regular supplies of naphtha, a DPC
official told Dow Jones Newswires Wednesday. The US$3 billion Dabhol power
project has been mired in financial disputes since its main customer, the
Maharashtra State Electricity Board, failed to pay several of its bills.
The dispute has raised concerns about the regularity of DPC's naphtha supply.
"We have a term agreement with Indian Oil Corp. (IOC) for the supply of
naphtha until the end of this year," he said. He added that the plant will
switch from naphtha to liquified natural gas as a fuel source in 2002.
"I confirm that one or two shipments of naphtha are coming every month. Each
shipment is carrying about 30,000 metric tons of naphtha. Shipments come
depending on the power that Maharashtra State Electricity Board draws,"
hesaid.
The naphtha is sourced from IOC's Gujarat refinery.
A committee appointed to renegotiate the MSEB's power purchase agreement with
the DPC will hold its first meeting with DPC management May 5, the Press
Trust of India reported Tuesday.
Dabhol has come under fire because of the relatively high cost of its power.
Critics object to Dabhol charging INR7.1 a kilowatt-hour for its power,
compared with INR1.5/KWh charged by other suppliers.
-By Himendra Kumar, Dow Jones Newswires; 91-11-461-9427;
himendra.kumar@dowjones.com

Maharashtra Electricity Board unamused by new Enron demand
Mahesh Vijapurkar

05/02/2001
The Hindu
Copyright (C) 2001 Kasturi & Sons Ltd (KSL); Source: World Reporter (TM) -
Asia Intelligence Wire
MUMBAI, MAY 1. The Enron-sponsored Dabhol Power Company (DPC) appears to have
adopted a twin-track approach - threaten withdrawal by terminating the power
purchase agreement (PPA) and simultaneously asking the Maharashtra State
Electricity Board (MSEB) to activate some features of the same accord.
Just days before its board of directors met in London and authorised the
local management to decide when the PPA should be terminated, the DPC asked
the MSEB to operationalise the escrow agreement. This, sources said, was a
bid to confuse issues by sending contradictory signals.
An unamused MSEB shot off a letter saying the DPC, by invoking its rights
under a force majeure clause enabling it to suspend the PPA, could not now
ask for operationalising the escrow agreement. It had to be either of the two
options, not both.
Under an amended and restated accord, signed in March 1999, specific revenue
collection centres of the MSEB were identified and collections from these
would have to be lodged into a separate account in an identified bank; the
cover had to be 1.25 times the monthly billing of the 1,444 mw phase II.
Already, the escrow for Phase I is operational, with 32 revenue circles of
the MSEB committed to the DPC to meet its billing. So far, despite the
controversy surrounding the bills, they have not been encashed even once.
Curiously enough, there had been, according to well- placed sources, some
informal, even if feeble suggestions that the DPC may go slow on the
activation of the second phase of the project, which the State says does not
come within its ability to digest the burden. If so, why did it want the
escrow to be operationalised?
The MSEB had to point out, following this demand, that DPC could not have the
cake and eat it too. It could not invoke the force majeure clause, then
threaten to have the PPA terminated and at the same time, ask for activation
of this feature of the PPA. At the London meeting of the Board, this issue
was neither listed nor discussed.
The escrow agreement, as designed, requires fresh infusion of funds through
allocation of more regions of the MSEB's revenue network to meet shortfalls
since the tariff is forever mounting or remains high and as the Godbole
Committee pointed out, a "situation where virtually all of MSEB's revenues
would be required to be escrowed to meet DPC payments".
That would leave little "for wages and fuel, let alone additional power
purchase" from any source and the Godbole panel wanted it cancelled. Was it,
therefore, a demand for operationalisation of the agreement to see what steps
the MSEB and the Government would take?
PPA to be terminated in May?
Even if DPC decides to issue notice terminating the PPA, it would not be
earlier than mid-May since IDBI, which leads the consortium of Indian lenders
guaranteeing the provisions made by the foreign lenders, had asked for a
three-week freeze on any decision by the company.
IDBI, which voted against authorising the local management to issue a notice
terminating the PPA at its London meeting, suggested that by that time the
re-negotiation could commence, even as members of the consortium led by it
were consulted given their very high exposures.
The IDBI-led consortium's cover of around Rs. 6,000- crores to lenders abroad
makes it a major player in the events that would unfold in the near future.
Its stand has been in sharp contrast to the overseas financiers, who were
dismayed at the non-payment of bills by the MSEB in time, the disputes and
the controversy surrounding the project. They are more inclined towards
withdrawing from the project.
Close between 70 and 80 per cent of the debt on the $ 3 billion project has
come from foreign lenders. The Indian component also leads to serious
concerns as those of their foreign counterparts. It is unlikely that the DPC
board can take any decision independent of the wishes or inclinations of the
lenders.
In effect, the IDBI told the board, "Give us some time; we will come back."
Now that the Madhav Godbole Committee has been expanded with the addition of
the MSEB Chairman, the State Government and also a nominee of the Union
Finance Ministry, negotiations could commence, but the DPC, which has adopted
a blow hot, blow cold attitude, would have to respond.
The Maharashtra Chief Minister, Mr. Vilasrao Deshmukh, has said that the
moment the Centre nominates its representative, "we will write to the DPC to
come for renegotiations". The DPC response would indicate the course it wants
to take - terminate the deal or enter into talks.

Sinha hopes sanctions will be lifted soon
Sridhar Krishnaswami

05/02/2001
The Hindu
Copyright (C) 2001 Kasturi & Sons Ltd (KSL); Source: World Reporter (TM) -
Asia Intelligence Wire

WASHINGTON, MAY 1. The Finance Minister, Mr. Yashwant Sinha, has expressed
confidence that the United States will lift the economic sanctions against
India "as quickly as possible".
Mr. Sinha, here for the last few days to attend the Spring Meetings of the
World Bank and the International Monetary Fund, had a number of bilateral
meetings with his counterparts from around the world, including the U.S.
Treasury Secretary, Mr. Paul O'Neill.
The sanctions figured at the meeting with Mr. O'Neill, but only at the
latter's instance. "He himself mentioned the issue of sanctions," Mr. Sinha
told reporters at a press conference at the Indian embassy here.
"India's views have been very clear. We have said from day one that the
sanctions hurt U.S. interests more than they hurt Indian interests and the
fact that they are raising it *with us is an indication of their keen desire
to be able to do away with it as quickly as possible," he said.
During a meeting here last month with Mr. Jaswant Singh, the Secretary of
State, Gen. Colin Powell, raised the issue.
Mr. Sinha said his meeting with Mr. O'Neill reflected a substantial measure
of the commitment and interest of the Republican administration and the
desire to pursue the outlines of the Vision Statement as it related to
economic and financial matters. Mr. O'Neill accepted the invitation to visit
India later this year to attend the second of a series of Cabinet-level forum
meetings, first of which was held in Washington last year.
Mr. Sinha said the Enron imbroglio did not figure in any of his meetings here
but the subject of foreign direct investment did. In fact, the Minister had
brought it with Mr. O'Neill and explained the present situation. Mr. O'Neill
was said to have been satisfied; and Mr. Sinha said the Enron problem was
well understood here and the issue was not a dampener to foreign investment
in India.
Concern at violence against minorities
In another development, the U.S. Commission on international religious
freedom has flayed India - the BJP - for the "disturbing increase" in
violence against religious minorities and called on the Bush administration
to take steps to pressure New Delhi into pursuing those responsible for
violent acts against religious minorities.
"The violence is especially troubling because it has coincided with the
increase in political influence at the national and in some places the State
level of the Sangh Parivar, a collection of exclusivist Hindu nationalist
groups of which the current ruling party, the Bharatiya Janata Party, is a
part," the Commission said in the section on India.
The Commission said its perception came from a number of sources including an
extensive examination of the situation in India, testimony from Indians of
various religious hues, experts, academics and through personal interviews of
victimised groups. Its efforts to travel in an official capacity to India had
been scuttled by the Government there, the Commission said.
Apart from the friction between Muslims and Hindus and the contributing
causes to these over the years, the Commission said, the violence against
Christians increased "dramatically" in India since 1998. "Particularly
troubling are the continued reports that religious institutions are being
pointedly desecrated by militant groups, groups that several Christian
leaders describe as associated with the Sangh Parivar," it said. Though the
BJP-led Government was not directly implicated, many accused it of hesitating
to prosecute persons or groups responsible, in the process building a climate
where extremists believed violence against religious minorities would go
unpunished.
"Though the worst of the extremist groups do not have official power, they
are closely aligned with those in power and are seen by human rights
organisation to be deliberately encouraging an environment of increasing
hostility towards religious minorities," the Commission said.
It also mentioned the suggestion that the tension between the ruling BJP and
members of the Sangh Parivar was partly behind the Government's reluctance to
pursue the perpetrators of sectarian violence. It also made suggestions to
the Bush administration on how to deal with India, first of them being that
the administration "should persistently press India to pursue perpetrators of
violence against religious groups."
The Bush administration has been called upon to press New Delhi to oppose
attempts to interfere with or prohibit ties between religious communities in
India and any government efforts to regulate religious choice or conversion.
The U.S. should pressure New Delhi to allow official visits from government
agencies concerned with human rights, including religious freedom; and that
New Delhi should also be asked to allow visits from non- governmental human
rights organisations and groups concerned with religious freedom.
The Commission also called on the U.S. to allocate funds from its foreign
assistance programmes for the promotion of education on religious tolerance
and inclusiveness in India.

Neither State nor MSEB has defaulted on agreement with Enron

05/01/2001
Press Trust of India Limited
(c) 2001 PTI Ltd.

Mumbai, May 1 (PTI) Chief Minister ofthe western Indian state of Maharashtra
Vilasrao Deshmukh Tuesday said neither the state government nor the state
electricity board had "defaulted" on contractual agreements with Enron
-promoted Dabhol Power Company (DPC) prompting the latter to slap a
termination notice on the Maharashtra State Electricity Board (MSEB).

"It will not be proper for the government to announce its public stance over
the issue unless it gets to know something officially from Enron", Deshmukh
said when his attention was drawn to the dispute between MSEB and Enron with
both treatening to serve termination notices on each aother for breaking
contractual agreements.
The government was of the view that the Enron imbroglio must be resolved
amicably through negotiations, the Chief Minister told reporters.

Deshmukh said the energy review committee, headed by former bureaucrat Dr
Madhav Godbole, had been given powers to renegotiate the Power Purchase
Agreement (PPA) between DPC and MSEB. The Godbole committee that reviewed the
enery scenario in general and Enron deal in particular recently submitted its
report to the state government.

(THROUGH ASIA PULSE) 01-05 2001

Sanctions hurt US interests more than India: Sinha

05/01/2001
Press Trust of India Limited
(c) 2001 PTI Ltd.

Washington, May 1 (PTI) India Tuesday asserted that economic sanctions by the
US hurt Washington more than New Delhi and said it would be in both
countries' interest if Bush Administration lifted them "as quickly as
possible".

"Our views have been very clear. We have said right from day one that
sanctions hurt the US interests more than they hurt Indian interests, and the
fact that they are raising it with us is an indication of their, I think,
keen desire to be able to do away with it as quickly as possible, Indian
Finance Minister Yashwant Sinha told reporters here.

After a meeting with his US counterpart, Treasury Secretary Paul O'Neill,
Sinha said "it will be in the interest of both countries if the US could see
its way to lifting sanctions with legislative approval."

During the talks, he said surprisingly O'Neill himself mentioned the issue of
sanctions imposed on India after the Pokhran nuclear tests in May 1998.

Referring to the Enron issue, he said both Enron and the government of
western Indian state of Maharashtra have agreed not to take precipitative
action and "I personally feel there is no reason for us to think that because
there is some problem with Enron it is going to act as a dampener to FDI
(Foreign Direct Investment) in India."

The Maharashtra Government has set up a negotiating team with a
representative from the federal government to renegotiate the power purchase
agreement with Enron.

"We also agreed neither should take any precipitate action and that we should
negotiate and find a negotiated solution to this problem," Sinha said.
(THROUGH ASIA PULSE) 01-05 2001

Sinha confident US will lift sanctions in its own interest

05/01/2001
Press Trust of India Limited
(c) 2001 PTI Ltd.
T V Parasuram

Washington, May 1 (PTI) Indian Finance Minister Yashwant Sinha has expressed
confidence that the United States will lift the sanctions imposed on India
following the May 1998 Pokhran nuclear explosions "as quickly as possible."

Sinha said he told the US Treasury Secretary Paul O'Neill during their
meeting that things were quite normal (despite the sanctions) in certain
areas and "it will be in the interests of both countries if the US
Administration could see its way to lifting sanctions with legislative
approval."

"Surprisingly he (O'Nell) himself mentioned the issue of sanctions," Sinha
told reporters Monday.
"Our (India's) views have been very clear. We have said right from day one
that sanctions hurt US interests more than they hurt Indian interests, and
the fact that they are raising it with us is an indication of their, I think,
keen desire to be able to do away with it as quickly as possible," he said.

The Indian Finance Minister said that he and O'Neill discussed issues
concerning the US and India and pointed out that the 'Vision Statement signed
by then-US President Bill Clinton and Indian Prime Minister Atal Bihari
Vajpayee envisaged a Cabinet level forum to deal with economic and financial
matters.

The meeting with O'Neill showed a commitment and involvement of the present
US Administration to India in a very substantial measure, Sinha said.

He said that he had also extended an invitation to O'Neill to visit India
later this year to attend the next meeting of the forum, adding the
invitation was accepted.

Sinha said the performance of Indian economy was recognised by the IMF and
added that everyone was very confident that not only would India be able to
maintain its growth but improve upon it.

When asked what accounted for India's decision to welcome a new trade round
now though it had been opposed by India and other developing countries at
Seattle, Sinha said: "Our position has been that we are not against a new
trade round, and we have reiterated that position here. The world community
also feels that there should be a new trade round.

"We have our point of view with regard to the agenda for the new trade round.
I don't think we have diluted that stand or that position. There was a
general feeling that a new trade round, if properly conducted and properly
negotiated, could be of great help," he said.

Pointing out that EU is reported to be spending 400 billion US dollar a year
for agricultural subsidies, which is many times their total overseas
development assistance, Sinha said if the agricultural market could be opened
to exports from developing countries, including India, they would benefit
greatly.

"So there is a general feeling that a new trade round should take place but
on the basis of an understanding about what the agenda and the outcome will
be. That is something in regard to which developing countries will lay a very
important role," he said.

When asked that many people were of the view that the rupee may go down to 50
to the US dollar, Sinha said he had heard that "doomsday scenario" several
times before for the last three years and it had not happened. "I don't think
we have reason to be despondent on that score."

On NRI investment in India, Sinha said India had a very positive outlook
about NRI investment and he had already done a great deal to make it
worthwhile for them to invest in India.

Answering a query on the Enron issue, he said that no one had raised that
(the issue) with him during his meetings with several ministers and
multilaterals here, but the general issue of Foreign Direct Investment (FDI)
came up during his meeting with O'Neill and "I myself took the opportunity to
point out to him what was happening.
"I explained to him that I had a meeting with the Chief Minister of
Maharashtra (a western Indian state) a few days before I came here in which
the Power Minister of the federal government also joined and we came to the
conclusion...that the Maharashtra government would set up a negotiating team,
which they have done now to renegotiate the power purchase agreement with
Enron.

"We agreed that we will nominate a Government of India representative on this
negotiating team. We also agreed that neither of the two sides (Enron and
Maharashtra) should take any precipitate action and that we should negotiate
and find a negotiated solution to this problem," Sinha said.

He said "I personally feel there is no reason for us to think that because
there is some problem with Enron it is going to act as a dampener to FDI in
India."

Asked when would FDI in India reach the level in China, he said that the
first thing that needed to be done was to implement the budget as soon as
possible.
(THROUGH ASIA PULSE) 01-05 2001

Sinha urges U.S., EU, Japan to boost growth

05/01/2001
AFX (AP)
Copyright 2001 AFX News; Source: World Reporter (TM)

Indian Finance Minister Yashwant Sinha said he is urging his U.S. Japan and
EU counterparts to boost economic growth, as the global slowdown is having a
detrimental impact on India and the developing world.

Sinha said he told IMF's policy making committee, the International Monetary
and Financial Committee, that the onus for reviving global growth is on the
three leading economies.

"I said there was a need for much greater proactive policies for improving
growth rates, especially in the G3 economies (U.S., Japan, EU)," Sinha told
reporters after the close of the IMF's Spring meetings, adding that "a
slowdown in the world economy will have an impact on our exports because
these are the markets which are our major markets for exports."

But he said that the slowdown has not had as negative of an effect on India
as it has had on other developing nations in Asia because the Indian economy
is largely dependent on domestic demand.

"[While] the slowdown in the world economy will also have some impact on
India, it may not be as large as other East Asian countries."

Sinha said his government will work to create an environment "where fresh
investment becomes attractive," which he said would take place when the
parliament passes his reform-oriented budget for 2001/02. It passed the lower
house on Wednesday.

"We'll have to encourage demand and to various measures which have been
continuing from the past and which I have enumerated in this year's budget,"
he said, adding that "when demand picks up investment climate improves.
Domestic investment will also take place and so will foreign investment."

He said the dispute between Enron Corp and the government of Maharashtra
state is not expected to cause foreign investors to think twice about
investing in India.

"I don't think because there is a problem with Enron it is necessarily going
to act as a dampener to [foreign direct investment]," he said.

Sinha said he raised the issue in an April 27 bilateral meeting with Treasury
Secretary Paul O'Neill, who "appeared satisfied" with Sinha's suggestion that
Enron and the Maharashtra government should hold negotiations to ensure the
continuation of the 2 bln usd project, which Enron is on the verge scrapping.

Sinha added that O'Neill accepted his invitation to visit New Delhi at an
unspecified date later this year as part of bilateral cabinet level forum
initiated under President Bill Clinton in 2000.

And he said that O'Neill raised the issue of U.S. sanctions against India
which have been in place since India conducted nuclear tests in May 1998.
Sinha said that he did not raise the issue with O'Neill because "our views
have been clear. Sanctions hurt U.S. interests more than they hurt India's
interests."

He said that O'Neill's raising of the issue demonstrated a willingness on the
part of the Bush administration to move toward lifting the sanctions.
cbd/tr

U. Houston: U. Houston forum focuses on minority education

05/01/2001
U-Wire
(c) 2001 Copyright U-Wire. All Rights Reserved.
By Ken Fountain, The Daily Cougar (U. Houston)

HOUSTON -- Increasing access to higher education for members of Houston's
minority communities will be one of the most critical challenges facing the
city's business and civic leaders, said a panel of such leaders at a forum
held Monday on the University of Houston campus.

"Who Will Lead?" was the topic of the discussion for the 2001 Elizabeth D.
Rockwell Distinguished Leadership Forum, which was co-sponsored by the Bauer
College of Business.

Rockwell is a winner of the UH Distinguished Alumna Award and is an executive
of CIBC Oppenheimer Corp.
Demographic trends indicate that Texas -- and Houston -- will within a few
years be comprised of a minority-majority population, meaning that the
different minority groups combined will outnumber Caucasians.

The speakers agreed that ensuring young people from those backgrounds gain
the education necessary to enter the increasingly high-tech workforce is a
matter of economic survival for the region.

"There's nothing more important in our community right now," said Kenneth
Lay, chairman of the board of Enron, the Houston-based natural gas supply
company that Fortune magazine has named the World's Most Innovative Company
for the last six years.

"Some progress is being made. Some programs have been shown to be pretty
effective," Lay said. "They have significantly increased the graduation rates
(of minority members) from high school, the percentage going on to college,
and the percentage getting out of college."

Lay noted that less than 10 percent of Hispanics in Texas graduate from
college.

"That is a time bomb waiting to blow us all up, unless we solve that
problem," he said, adding that a large number of Hispanics, particularly
male, who drop out of high school eventually go to prison.

"We spend about $30,000 a year keeping them in prison, but yet we can't spend
maybe $2,000 or $3,000 a year trying to get them educated while they're in
high school," he said.

John Mendelsohn, president of the University of Texas M.D. Anderson Cancer
Center, concurred.

"I think it's very important that a city of this size have major university
power to take the kids that do make it into college, and educate them and
move them into the leadership roles, and join our workforce as leaders,"
Mendelsohn said.

"I applaud (UH President) Art Smith's attempts to bring the University of
Houston to a higher level," he added, in reference to the Smith
administration's advocating of the Texas Legislature to create a Texas
Excellence Fund. The fund would help the University achieve the status of a
Tier I research university.

"I think it's critically important for the fourth largest city in the United
States to have a school like this join the jewel we have of Rice University,
which is small and one of the very best in the world, but can't produce the
number of well-educated youngsters that this public university can,"
Mendelsohn said.

Joseph Pratt, a faculty member of the Bauer College of Business and executive
director of the UH Scholars' Community, pointed out from the audience that
the University has several such programs to encourage young people from
minority communities to pursue higher education. The Scholars' Community is
an on-campus program designed partially to increase retention of college
students from underprivileged backgrounds.
The other members of the panel were Ben Love, retired chairman and chief
executive officer of Chase Bank of Texas, and Robert Smith III, senior vice
president in charge of the Houston branch of the Federal Reserve Bank of
Dallas.

Prebon Yamane Hires Former RCN Executive to Run Bandwidth Unit
2001-05-01 18:34 (New York)

Prebon Yamane Hires Former RCN Executive to Run Bandwidth Unit

     Jersey City, New Jersey, May 1 (Bloomberg) -- Prebon Yamane
(USA) Inc., a derivatives brokerage, has hired a former RCN Corp.
executive to run a new unit that will buy and sell space on fiber-
optic networks used for phone and Internet services.
     Rajan Chopra, 49, a former president of new product
development for Princeton, New Jersey-based telecommunications
provider RCN, will be president of Prebon Bandwidth, which will
provide access to high-speed communications systems.
     Trading companies such as Enron Corp. see broadband bandwidth
as one of the most promising emerging commodity markets as
businesses look for the cheapest ways to zip data, voices and
images around the world.
     ``The potential of this market is huge,'' Chopra said in an
interview, though he declined to say how big. Chopra was involved
in derivatives trading and risk management at Chase Manhattan Bank
before joining RCN in 1998.
     Potential customers will be wholesale users of data networks,
such as International Business Machines Corp. or Citigroup Inc.,
and telecommunications companies looking to add bandwidth to their
networks or lease excess carrying capacity, Chopra said.
     ``We try to understand their businesses, their risk
management and trading needs,'' Chopra said. ``And we provide
market intelligence and timely execution'' of transactions.
     Trading opportunities in bandwidth will increase as users
shift from trans-continental routes to regional networks, similar
to the electricity markets, Chopra said.
     ``The bandwidth market has many of the same attributes as the
swaps market in its infancy, and holds the same exciting
promise,'' said Sanjay Sathe, executive vice president for Prebon
Bandwith, who was also previously involved in Chase Manhattan
Bank's derivatives business.
     Prebon Yamane (USA) and Prebon Bandwith are divisions of
Prebon Yamane Ltd., a London-based broker with operations in
financial derivatives, foreign exchange, energy and metals.

--Bruce Blythe in the Chicago newsroom (312) 692-3731, or
bblythe@Bloomberg.net/ss

Story Illustration: to see the number of registered customers
accounts with broadband Internet access in Hong Kong, see
{HKTEINTB <Index> GP <GO>}.

-0- (STR) May/01/2001 21:48 GMT
_

Enron's Lay Discusses India's Dabhol Power Project: Comment
2001-05-01 19:31 (New York)

     Houston, May 1 (Bloomberg) -- Enron Corp. Chairman Ken Lay
discusses the company's Dabhol Power Co. project with investors at
the company's annual shareholder meeting in Houston and answered
questions about operations in a press conference later.
     India's Maharashtra State Electricity Board, which buys power
from the plant, has refused to pay Enron bills of 3 billion rupees
($64 million). Enron has invoked credit guarantees by India's
federal government to cover the nonpayment. Lay said Tuesday that
Maharashtra State board, a quasi-governmental agency, is $48
million in arrears.

On a possible sale:
     ``We're not in any discussions right now about selling the
plant.''

On the Maharashtra State Electricity Board:
     ``They want the power, they just don't want to pay for it.''

On the strength of Enron's contracts:
     ``We have good, strong contracts that have been tested in the
courts 29 to 30 times. I think we will work this problem through
in a way that won't impair our investment. It's not going to be
pretty, and there's going to be a lot of noise.''

On the impact of the turmoil on the project:
     ``It is impacting operations, but it's not too late to
curtail any damage,'' Lay said, specifying construction work.
``We're not pulling anybody out of there right now.''

--Margot Habiby in Houston (214) 673-3834, or
mhabiby@bloomberg.net, through the Princeton newsroom (609) 279-
4000/jac

Story illustration: To compare Enron's share performance and
earnings history with other members of its industry, please see
{ENE US <Equity> RV <GO>}.

-0- (STR) May/01/2001 22:22 GMT


Hi Jason,
When you have a chance, would you please email me a list of issues that you have with the Flexible Deal View.
I will get the lists to Bill Fortney and ask him if there's anything he or we can do to fix it.

Thanks,

Franky Sulistio
Sr. IT Specialist
Enron Networks
Ph.(713) 345-3611
Email: franky.sulistio@Enron.com

?	"Success hinges on a passion for excellence."


Brenda:  I mentioned to Tom that I will be on vacation the week of July 10,
so I will not attend the July 12th meeting.  Please remind him of that.
Thanks.

07/07/2000 03:30 PM
Brenda Flores-Cuellar@ENRON
Brenda Flores-Cuellar@ENRON
Brenda Flores-Cuellar@ENRON
07/07/2000 03:30 PM
07/07/2000 03:30 PM
To: Sally Beck/HOU/ECT@ECT, D Todd Hall/HOU/ECT@ECT, Brent A
Price/HOU/ECT@ECT, Tommy J Yanowski/HOU/ECT@ECT, Leslie Reeves/HOU/ECT@ECT,
Thresa A Allen/HOU/ECT@ECT, Jennifer deBoisblanc Denny/HOU/ECT@ECT, Alan
Aronowitz/HOU/ECT@ECT, Debbie R Brackett/HOU/ECT@ECT, Simon
Sear/Corp/Enron@ENRON, John Norden/HOU/ECT@ECT, John
Pavetto/Corp/Enron@Enron, Chris Schomer/Corp/Enron@ENRON, Jeff
Blumenthal/HOU/ECT@ECT, Susan Harrison/HOU/ECT@ECT, Patti
Thompson/HOU/ECT@ECT, Lynn Tippery/HOU/ECT@ECT, Xochil Moreno/HOU/ECT@ECT,
Joya Davis/HOU/ECT@ECT, Darlene C Forsyth/HOU/ECT@ECT, Dorothy
Youngblood/HOU/ECT@ECT, Yolanda Ford/HOU/ECT@ECT, Irena D Hogan/HOU/ECT@ECT,
Chantelle Villanueva/HOU/ECT@ECT
cc:
Subject: Re: CommodityLogic Team Mtg. July 12th

FYI (location change to next weeks meeting):

Our weekly CommodityLogic Team meeting will be held in EB 30C1 on Wednesday
from 10am - 11am. If you have any questions or will be UNABLE to attend,
please feel free to send me an e-mail or call me.

Thanks,
Brenda
x31914


----- Forwarded by Elizabeth Sager/HOU/ECT on 05/21/2001 02:47 PM -----

	Shari Stack
	03/05/2001 01:42 PM

		 To: Elizabeth Sager/HOU/ECT@ECT, Leslie Hansen/HOU/ECT@ECT, Janice R
Moore/HOU/ECT@ECT, Janet H Moore/HOU/ECT@ECT, Marcus
Nettelton/NA/Enron@ENRON, Genia FitzGerald/HOU/ECT@ECT, Christian
Yoder/HOU/ECT@ECT, David Portz/HOU/ECT@ECT
		 cc:
		 Subject: Municipality Info

As mentioned in our recent group meeting, here are the documents put together
by Pat Boylston at Stoel Rives. (they are also located in my directory under
Municipality Info):

Here is a short questionnaire that I send to California Cities to begin the
initial due diligence process:

Shari


Attached is a resume for a gentleman who has relocated as a trailing expat
spouse to Houston, who we are looking to find a suitable position somewhere
in Enron. I know that one or two of you have already seen his resume and at
the time didn't necessarily have a role for him. I would be very grateful if
you could take another look and see if anything has now changed.

By way of background, he was previously working with Eastern in the UK in a
back office capacity looking at their approach to the UK Gas regulatory
framework known as the Network code. He has done a little consulting work
since relocating to Houston in the online area. His references are very good.
He is available with immigration clearance as a local hire, probably at
Senior Specialist level. As an additional "incentive" I would be prepared to
underwrite his costs in the event you decided in the first 6 months that his
performance did not meet your expectations (Obviously - I am highly confident
this will not be the case!).


- cj_3456.jpg


I'm sure that our dear professor will be discussing more in depth the
structure
of swap arrangements tonight.  Anyway, I've added some comments to the memo
that
hopefully addresses some of the issues.

**********************************************
Mark D. Guinney, CFA
Consultant
Watson Wyatt Investment Consulting
345 California Street, Ste. 1400
San Francisco, CA  94104
(415) 733-4487 ph.
(415) 733-4190 fax
 - BFG Dylan- memo.doc


John:

(1) Regarding OptionGrid, Samer can provide you a version that does not write
out empty grids to the file by tomorrow.  He will then try to increase the
max. number of grids from 95 to 320.  And we will write the file to a common
drive that you can access from Windows, without having to FTP the file from
the Unix to the NT drive.

I will check with my director (Zhiyong Wei) to see if we can move up the
timeline for the OptionGrid running on Windows project.

(2) Regarding actual gamma:

PriceDelta = Today's Mid. Price - Prior Day's Mid. Price

Actual delta     = Prior Day's (Option Library) delta * PriceDelta
Actual gamma = Prior Days' (Option Library) gamma * 0.5 * (PriceDelta *
PriceDelta)

(3) Regarding the Asian model, the number of calendar days in a year is
365.25 for the new version using calendar days.
We have to merge the new version into the current production PortCalc that
has the vol. skew changes.  We should have that in a couple of days. I will
inform Errol when we are ready for him to start testing.

(4) Dave is looking into changing PortCalc to provide 2 actual Vegas - one
without skew and one with skew.
From our preliminary analysis, it would require PortCalc, database and report
changes to do this.
Would you also require 2 predictive Vegas and also sensitivities (i.e. +/- 1,
2.5, 5 or 10 % vol.) changes also?

Jeremy
x3-0573


The following expense report is ready for approval:

Employee Name: Kevin P. Hannon
Status last changed by:  Automated Administrator
Expense Report Name: South America Trip
Report Total: $9,026.81
Amount Due Employee: $9,026.81

To approve this expense report, click on the following link for Concur Expense.
http://expensexms.enron.com


I would like Joe Casas (currently East logistics) to participate in the
interview process.
---------------------- Forwarded by Scott Neal/HOU/ECT on 05/08/2001 01:34 PM
---------------------------
From: John J Lavorato/ENRON@enronXgate on 05/02/2001 04:36 PM
To: Phillip K Allen/HOU/ECT@ECT, John Arnold/HOU/ECT@ECT, Berney C
Aucoin/HOU/ECT@ECT, Mark Dana Davis/HOU/ECT@ECT, Chris
Gaskill/ENRON@enronXgate, Doug Gilbert-Smith/Corp/Enron@ENRON, Mike
Grigsby/HOU/ECT@ECT, Rogers Herndon/HOU/ECT@ect, Louise Kitchen/LON/ECT@ECT,
John J Lavorato/ENRON@enronXgate, Thomas A Martin/ENRON@enronXgate, Ed
McMichael/HOU/ECT@ECT, Scott Neal/HOU/ECT@ECT, Kevin M Presto/HOU/ECT@ECT,
Jim Schwieger/ENRON@enronXgate, Hunter S Shively/ENRON@enronXgate, Fletcher J
Sturm/HOU/ECT@ECT, Martin Thomas/Enron@EUEnronXgate, Lloyd Will/HOU/ECT@ECT
cc: Karen Buckley/LON/ECT@ECT, Neil Davies/ENRON@enronXgate
Subject:

We were thinking of having another interview session for the Trading Tract
later this month.   I've been screening outside resumes but internally we
haven't received many suggestions from each of you about other people already
at Enron.  If you think anyone could qualify send the name to Karen Buckley.
If we don't have enough candidates, we will wait until the new analysts and
associates arrive and do a session then.

Lavo


Hello Vince and Mike

I want to keep you informed.

This year all baskets will be done in a timely manner.
On last year we were going through a major move therefore
many people played key roles in keeping us together.
This year however , is a little different , as it is always nice
to give unfortunately we can not give to everyone.
I am sending a lists of who we have so far.

There are a few names on the list that  I feel we should do something else
for this year .
under Shirley's list of names.

(not so expensive)

They are : Move Team                                who?
                     Mail Room                                    who?
                     Facilities Help Desk                  who?

There are other tokens of appreciation that we can get for them.

Please note that you two are the only ones that have seen this e-mail so far
I will need your approval for all baskets, however your input on the matter
will be
greatly appreciated.The list is not completed I am still waiting for
additions.

                                              Thanks
                                                          Kevin Moore


Rob can you give Om a call.

Regards
Delainey
---------------------- Forwarded by David W Delainey/HOU/ECT on 11/29/2000
09:50 AM ---------------------------

John J Lavorato@ENRON
11/29/2000 09:24 AM
To: David W Delainey/HOU/ECT@ECT
cc:
Subject: Power Project in British Columbia

Isn't this our world.

John
---------------------- Forwarded by John J Lavorato/Corp/Enron on 11/29/2000
09:17 AM ---------------------------

Om Bhatia
11/28/2000 04:53 PM
To: John J Lavorato/Corp/Enron@Enron
cc:

Subject: Power Project in British Columbia

Northland Power (a power plant operator) from Toronto has joined hand with
Nepco to build a large cogen plant in BC with possible power off-take
agreement for US Pacific NW (Washington/Oregon). Northland power asked me if
Enron would be interested to quote indicative prices for this project. Would
you please advise me with who is responsible for this kind of projects?
Thanks for your help.

-Om Bhatia
EIM - Pulp & Paper


- 1-975971064.XIF


Audrey, Gerald

Attached is the proposed Third Party Processing Proposal / Letter of Intent.
Please review.  Audrey, need your help to review the processing numbers.

Ken

 - LM Processing Proposal Ltr 1-8-01.doc


Enclosed is a revised draft of the MG ISDA and CSA Schedules.  The only blnak
that needs to be filled in is the MAC language for MG.  Are they rated?  I
will be in the office until noon tomorrow and then out the rest of the week
at the Enron legal conference.
Carol


Mark,

Here is a draft of an outline for the equity offering for Capacity Trading.

Please call when you have a few minutes to discuss documentation and legal
issues.

Thanks,

Dave


(Lavorato's office)
Mime-Version: 1.0
Content-Type: text/plain; charset=us-ascii
Content-Transfer-Encoding: 7bit
X-From: Lopez, Rumaldo </O=ENRON/OU=NA/CN=RECIPIENTS/CN=RLOPEZ3>
X-To:
X-cc:
X-bcc:
X-Folder: \Schwieger, Jim\Schwieger, Jim\Calendar
X-Origin: SCHWIEGER-J
X-FileName: Schwieger, Jim.pst

Lavorato may not be back from Sao Paulo until 03/22, but his assistant wanted
to tentatively schedule this meeting in case all goes as scheduled.


I'm with Dave.  Let's kill it.

Jeff

David W Delainey
11/30/2000 11:26 AM
To: Dorie Hitchcock/HOU/ECT@ECT
cc: Mike McConnell/HOU/ECT@ECT, Jeffrey A Shankman/HOU/ECT@ECT, Raymond
Bowen/HOU/ECT@ECT, Jeffrey McMahon/HOU/ECT@ECT, John J
Lavorato/Corp/Enron@Enron, Mark Frevert/NA/Enron@Enron, Greg
Whalley/HOU/ECT@ECT
Subject: 2001 ENA/EGM/EIM CUSTOMER SKI PROGRAM

Dorie, I have to question the effectiveness of this program.  Over the years,
it appears that more spots are being filled by Enron people then customers.
The effectiveness of this forum from a customer point of view is
questionable.  I vote to kill it.

Please forgive the approach - but I would like to provoke a discussion with
my partners.

Regards
Delainey
---------------------- Forwarded by David W Delainey/HOU/ECT on 11/30/2000
11:20 AM ---------------------------

	From:  Dorie Hitchcock                           11/30/2000 06:40 AM

To: Sylvia S Pollan/HOU/ECT@ECT, Robyn Zivic/NA/Enron@Enron, Andrew H
Lewis/HOU/ECT@ECT, Geoff Storey/HOU/ECT@ECT, Martin Cuilla/HOU/ECT@ECT,
Patrice L Mims/HOU/ECT@ECT, Kevin Ruscitti/HOU/ECT@ECT, Kelli
Stevens/HOU/ECT@ECT, Tom Donohoe/HOU/ECT@ECT, Joe Parks/Corp/Enron@ENRON,
Janet H Wallis/HOU/ECT@ECT, Gary Bryan/HOU/ECT@ECT, Jill T
Zivley/HOU/ECT@ECT, Brian Bierbach/NA/Enron@Enron, John Craig
Taylor/HOU/ECT@ECT, Gary Hickerson/HOU/ECT@ECT, Daniel Reck/HOU/ECT@ECT,
George McClellan/HOU/ECT@ECT, Mark Tawney/HOU/ECT@ECT, Jere C
Overdyke/HOU/ECT@ECT, Larry Lawyer/NA/Enron@Enron, Brent A Price/HOU/ECT@ECT,
Eric Gonzales/LON/ECT@ECT, Cindy Skinner/HOU/ECT@ECT, John L
Nowlan/HOU/ECT@ECT, Don Schroeder/HOU/ECT@ECT, Doug Leach/HOU/ECT@ECT, Bryan
Burnett/HOU/ECT@ECT, Wendy King/Corp/Enron@ENRON, Tim Battaglia@Enron,
Douglas B Dunn/HOU/ECT@ECT, Rodney Malcolm/HOU/ECT@ECT, Billy
Lemmons/Corp/Enron@ENRON, David Howe/Corp/Enron@ENRON, Mark
Frevert/NA/Enron@Enron, John J Lavorato/Corp/Enron@Enron, David W
Delainey/HOU/ECT@ECT, Mike McConnell/HOU/ECT@ECT, Jeffrey A
Shankman/HOU/ECT@ECT, Jeffrey McMahon/HOU/ECT@ECT, Raymond Bowen/HOU/ECT@ECT,
Jeffery Ader/HOU/ECT@ECT, Phillip K Allen/HOU/ECT@ECT, John
Arnold/HOU/ECT@ECT, Edward D Baughman/HOU/ECT@ECT, Sally Beck/HOU/ECT@ECT,
Tim Belden/HOU/ECT@ECT, Christopher F Calger/PDX/ECT@ECT, Wes
Colwell/HOU/ECT@ECT, Derek Davies/CAL/ECT@ECT, Mark Dana Davis/HOU/ECT@ECT,
Joseph Deffner/HOU/ECT@ECT, Paul Devries/TOR/ECT@ECT, Janet R
Dietrich/HOU/ECT@ECT, Jeff Donahue/HOU/ECT@ECT, Stephen H
Douglas/HOU/ECT@ECT, W David Duran/HOU/ECT@ECT, Chris H Foster/HOU/ECT@ECT,
Mark E Haedicke/HOU/ECT@ECT, Rogers Herndon/HOU/ECT@ect, Scott
Josey/Corp/Enron@ENRON, C John Thompson/Corp/Enron@ENRON, Fred
Lagrasta/HOU/ECT@ECT, Eric LeDain/CAL/ECT@ECT, Laura Luce/Corp/Enron@Enron,
Thomas A Martin/HOU/ECT@ECT, Jonathan McKay/CAL/ECT@ECT, Michael L
Miller/NA/Enron@Enron, Rob Milnthorp/CAL/ECT@ECT, Jean Mrha/NA/Enron@Enron,
Scott Neal/HOU/ECT@ECT, David Oxley/HOU/ECT@ECT, Ozzie Pagan/HOU/ECT@ECT,
Beth Perlman/HOU/ECT@ECT, Kevin M Presto/HOU/ECT@ECT, Brian
Redmond/HOU/ECT@ECT, Hunter S Shively/HOU/ECT@ECT, James D
Steffes/NA/Enron@Enron, Fletcher J Sturm/HOU/ECT@ECT, Bruce
Sukaly/Corp/Enron@Enron, Mike Swerzbin/HOU/ECT@ECT, Scott
Tholan/Corp/Enron@Enron, Barry Tycholiz/CAL/ECT@ECT, Frank W
Vickers/HOU/ECT@ECT, Greg Wolfe/HOU/ECT@ECT, Max Yzaguirre/NA/Enron@ENRON,
John Zufferli/CAL/ECT@ECT, Deirdre McCaffrey/HOU/ECT@ECT, Jennifer
Shipos/HOU/ECT@ECT
cc:
Subject: 2001 ENA/EGM/EIM CUSTOMER SKI PROGRAM

Winter is just around the corner and the new ski season will be opening
soon.  Please review the proposed information below, regarding the
ENA/EGM/EIM Customer Ski Program, to help us determine what our needs will be
for the 2001 season.

Location:  Beaver Creek, Colorado
Preliminary Dates:  February 21 - March 14, 2001
Approximate Cost Per Person:  $2,600 (based on 82 participants)

The preliminary dates have been divided into 6 trips:
TRIP	DATES	TOTAL # OF BEDS
Trip 1	Wed, February 21 - Sat, February 24	11
Trip 2	Sun, February 25 - Wed, February 28	17
Trip 3	Wed, February 28 - Sat, March 3	13
Trip 4	Sun, March 4 - Wed, March 7	13
Trip 5	Wed, March 7 - Sat, March 10	13
Trip 6	Sun, March 11 - Wed, March 14	15

The program cost per person includes:
? Four days/three nights accommodations in luxurious private homes in the
premier Holden Road/Borders Road area of Beaver  Creek with daily maid service
? Animated invitation with on-line registration
? Round-trip airport ground transportation
? Experienced property hosts
? Daily lift tickets and ski instruction
? Ski equipment rental
? Catered dinner two nights
? Catered breakfast daily
? Off-site dinner coordination
? Alternate activity coordination
? Private vans at each house
? One massage with experienced in-house massage therapists
? Enron promotional gift item
? Pre-program administration and coordination
? On-site operation

If you are interested in participating in the 2001 ski program, please submit
an email  request to me no later than Friday, December 8th, including the
following information:
Name
Company
Department
Telephone
Fax
Number of People
Choice of Dates (1st, 2nd & 3rd)
Company #
RC #

The week of December 11th, all requests will be compiled for review and final
approval.

Questions should be directed to my attention at (713) 853-6978.


fyi  Carlos is working on it.
---------------------- Forwarded by Kay Mann/Corp/Enron on 04/27/2001 12:49
PM ---------------------------

John Moore
04/26/2001 08:04 AM
To: Carlos Sole/NA/Enron@Enron, Kay Mann/Corp/Enron@Enron
cc: Mitch Robinson/Corp/Enron@Enron, Naveed Ahmed/NA/Enron@Enron

Subject: This is not a drill!

Kay and Carlos,

We're going to put a very serious and accerated push to secure a site or
sites in the very near future, but obviously we won't get there without a
priority commitment of your time and involvement.  If there are any doubts
regarding the level of committment that we need, I encourage you to visit
with Mitch to reconfirm our priority and urgency.

In summary, we have two quality sites and one less optimized area where we
are going to focus in the near term.  The two quality sites are both subject
to a "bid" process (Texas municipal political subdivision) and the respective
counterparty's board approval,  We have no reason to expect that we wouldn't
be able to secure the sites but it's going to take manpower and about 6 to 8
weeks - this time frame doesn't work for us.  Contemporaneously with working
through the "bid" process for the two sites and in the near term, we're going
to focus on a suitable site area, although not optimized, that will give us
relatively quick site control and allow us to progress the coal initiative.
Our goal is to secure site control for the less optimized site by next
Friday, the 4th of May.

Here's a basic summary of our immediate site options and an action plan:

1.) Less Optimized Site: (not subject to "bid")
 Bruce and I will contact regional land agents today to get a summary of
available sites.  We'll  travel up to the region Monday afternoon to scope
the sites on Tuesday.  We'll present an Option to Purchase offer to the
respective land owner and secure, at a minimum, a Letter of Intent by the 4th
of May.  Transaction needs to be in the name of an SPV.

2.) Gibbons Creek
 This site and PRB fired facility is owned by Texas Municipal Power Agency
(TMPA).  TMPA is comprised of Bryan, Garland, Denton, and Greenville.  Our
intent is to secure a site for a 525 MW PRB fired facility, and enter into a
Shared Services Agreement and O&M Agreement with TMPA.  There is interest on
the part of TMPA and this transaction is in play, however it's going to take
time.  Contemporaneously,  our immediate action is to gain some form site
control on the land.  It has been represented to us that an option to
purchase will be subject to the sealed bid process;  that takes too much
time.  Our interest is to close the option to purchase or some form of site
control within two weeks.  I'm going to contact Carl Shahady, TMPA's
attorney, to see if there is any latitude in the regs requiring a sealed
bid.  You're more than welcome to participate.  (TMPA wants to use a standard
Texas Real Estate Commission (TREC) form, which I have a copy of.)  Perhaps
we can put a month-to-month "option" on the site, which effectively takes the
property off of the market, while we go through the sealed bid process.
Legal questions:  (i) Any land transaction needs to be in the name of an SPV
- which one should we use? (ii) Coal projects don't fit into Turbo Park,
I've exchanged voice messages with BrianK to see what needs to be done here,
any suggestions?

3.) BPUB
 BPUB's Board approved the development LOI this past Monday, so we're ready
to go.  The optimal sites are at the port, and the port is subject to the bid
process.  The intent is to use the same form of option to lease contract as
we used for the TEX/MEX sites at the port.  Again, this site control is going
to take 6 to 8 weeks.  Aaron Roffwarg of B&P drafted the land contracts and
he helped negotiate between John Davidson, BPUB's outside counsel, and Dan
Rentfro, Brownsville Navigation District's outside  counsel.  I'm going to
contact Aaron this morning and get him spun up on the new contracts and have
him call DanR to get him alligned with our objectives.  Your more than
welcome to participate in my call with Aaron, too.  Scott and I are going to
meet with BPUB and with the Port tomorrow to indentify the site and confirm
our course of action

That's the plan.  I'll be calling each of you this morning so that we can all
get on the same page.

Thanks,

JMoore


I will be on vacation when time sheets are due (Tuesday, May 15); therefore,
please send your exception time to Taffy Milligan.

Thank you!

Holly Keiser
Enron Americas
Legal Department - EB 3887
713-345-7893 (ph)
713-646-3490 (fx)
Holly.Keiser@enron.com


CALENDAR ENTRY:	APPOINTMENT

Description:
	Lynn-OUT OF OFFICE

Date:		2/28/2001
Time:		8:00 AM - 5:00 PM (Central Standard Time)

Chairperson:	Outlook Migration Team

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Shirley,

Please, try the E-mail address below.

Vince

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

------- Forwarded by Vince J Kaminski/HOU/ECT on 01/17/2001 01:29 PM
---------------------------

Vince J Kaminski
01/17/2001 09:48 AM
To: khairuddin_mjaafar@petronas.com.my
cc: Vince J Kaminski/HOU/ECT@ECT
Subject: Re: Petronas benchmarking visit

Khairuddin,

Thanks for your message. The fax has been sent.

Vince

KhairuddinBMJaafar@petronas.com.my on 01/17/2001 01:50:36 AM
Please respond to khairuddin_mjaafar@petronas.com.my
To: vkamins@ect.enron.com
cc: azminab@petronas.com.my
Subject: Petronas benchmarking visit

Dear Mr. Kaminski,

Pertaining to our visit to your kind company in February, we are required
to obtain Visas for the trip. To apply for the Visas, the Embassy requires
a letter from the US Company confirming our meeting or visit. We would
really be grateful if you can fax us a confirmation letter so that we can
proceed with our Visa application. Please fax the letter to:

Mr. Nur Azmin Abu Bakar
Head, Risk Assessment and Control
Corporate Risk Management Unit,
Corporate Planning and Development Division
Level 71, Tower 1, Petronas Twin Towers,
Kuala Lumpur City Centre,
50088 Kuala Lumpur,
MALAYSIA
Fax: (603) 2051-3252

Your speedy reply is greatly appreciated.

Thank you and regards,

Khairuddin .

 DISCLAIMER  : This e-mail and any files transmitted with it ("Message")
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 delete this Message immediately and advise the sender by return e-mail.
 Opinions, conclusions and other information in this Message that do not
 relate  to  the official business of PETRONAS or its Group of Companies
 shall be understood as neither given nor endorsed by PETRONAS or any of
 the companies within the Group.

(Embedded image moved to file: pic05415.pcx)
 - pic05415.pcx


Stephanie:

Edison Mission is currently trading US East power on EOL and should continue with this trading access.

Leslie

-----Original Message-----
From: Panus, Stephanie
Sent: Wed 11/14/2001 10:32 AM
To: Hansen, Leslie
Cc:
Subject: Edison Mission Marketing & Trading

Leslie,
Can you confirm that Edison Mission Marketing & Trading Inc. can trade US East power?

Thanks.


Dear Friends,
Since the Excite @home network went down on Saturday morning, all emailed correspondence directed to AvramSiegel @ home.com or AllisonFisher @home.com or TrueBluegrass @home.com has been lost, and will not be recovered.  Please do not attempt to 'reply' to any previous emails sent from us individually or the True Blue bluegrass Band, because those emails now have an invalid reply address. If you have saved a previous email from True Blue, please delete it and save this one instead.  The Excite network has been replaced with the AT&T network, and email addresses have changed from @home.com to AvramSiegel@attbi.com.  If you wish to get in touch with True Blue, you can "reply" to this email, or contact any of the bandmembers via our website at www.truebluegrass.com.  There you may send safely send email to trueblue@truebluegrass.com. We are very sorry for the inconvenience.  This abrupt termination of service has seriously jeopardized our bookings for the coming year, so we appreciate your help in making this correction.  Thank you for your understanding, and we hope to hear from you at our new address!
Regards,
Avram, Allison and True Blue


Sorry Folks,

Last part of the Anthony Thomas Downgraded to Doubtful update should have
read Jauron wants to get THOMAS healthy for the stretch run and playoffs.

Good luck tomorrow!

Joe

/**/**/**/**/**/**/**/**/**/**/**/**/**/**/**/**/

Bryant Analytics, Inc.   All Rights Reserved 1999-2001

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

Your use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/


Kristin will be working for EBS at the time of this class, reporting to Barry
Pearce.  Please contact Kristin or Barry for the appropriate RC within EBS to
charge for the fee for this class.  If you charged ENA at the time of
enrollment, please reverse that charge.  Thanks.

Ernie
08/03/2000 10:05 AM
Sent by: Kristin Albrecht
To: Sally Beck/HOU/ECT@ECT
cc:
Subject: Class Confirmation - Kristin Albrecht

Kristin Albrecht is enrolled in Derivatives III - Deriv Structuring Profiting
from Unbundling & Embedding

Class Days and Times:
  11/9/2000  08:00:00 AM - 05:00:00 PM
  11/10/2000  08:00:00 AM - 05:00:00 PM
Participant Fee: $1000.00

Thank you for your support in providing quality and cost effective
development opportunites at Enron.
Your Company and RC will be charged $1000.00

If you have any questions, please call the Development Center Team at
713-853-0357.

Thank you.


(See attached file: HPLN1025.xls)

 - HPLN1025.xls


It looks like the California Electric Issues will not be addressed in the
Courts.  This leaves the CPUC (President Lynch taking direction from the
Governor) and potentially the Legislature.

Roger
---------------------- Forwarded by Roger Yang/SFO/EES on 12/08/2000 05:08 PM
---------------------------

JMB <JBennett@GMSSR.com> on 12/08/2000 04:50:00 PM
To: "'ryang@enron.com'" <ryang@enron.com>
cc:
Subject: California Supreme Court Denial of PG&E Petition

According to PG&E Corp.'s December 8, 2000  "8-K", on November 21, 2000, the
California Supreme Court denied PG&E's petition seeking review of an
appellate decision which had denied PG&E's appeal of the CPUC decisions
prohibiting post freeze recovery of cost incurred prior to the end of the
rate freeze (e.g., power purchase costs).


Janie,  If these look ok to you, please execute and fax back.  Our fax is
(505)241-2383.  We will send out the accept/rejects tomorrow.  Thanks, Linda
> ----------
> From:  Magistro, Margaret
> Sent:  Thursday, August 03, 2000 11:47 AM
> To:  Miller, Linda
> Subject:  Enron
>
> Here are the Enron Exhibits !!!
>
>
>  <<Enron24087.doc>>           <<Enron24088.doc>>
>

 - Enron24087.doc
 - Enron24088.doc


Dear Vince,

It is my great pleasure to confirm your participation at Energy & Power Risk
Management 2001 on May 14th. Please take a moment to look at the current
line-up on the attached draft program. I have held a position on the panel
discussion if you wish to take part. The current talk titles are based upon
our telephone conversations and I am happy to discuss any potential changes.
I would like to confirm the following details by Thursday, January 18th:

Final talk title
Bullet points (5-6)
Full name, job title, company title
Postal address

I am sure that you will agree that this year, Energy & Power Risk Management
,s annual event provides a wide range of highly topical sessions. I look
forward to receiving your full presentation details and meeting you in May.

Yours sincerely,

Paul Bristow
Conferences Manager, US
Risk Waters Group
270 Lafayette Street
Suite 7
New York 10012
212 925 6990 ext 225
pbristow@riskwaters.com

 - revspktemp2.doc


The original message was received at Tue, 30 Jan 2001 16:35:52 GMT
from [172.28.10.39]

   ----- The following addresses had permanent fatal errors -----
<cwhite@vivance.com>

   ----- Transcript of session follows -----
... while talking to lyon120.dtr.fr.:
>>> RCPT To:<cwhite@vivance.com>
<<< 550 <cwhite@vivance.com>... User unknown
550 <cwhite@vivance.com>... User unknown

   ----- Original message follows -----

Return-Path: <Sally.Beck@enron.com>
Received: from nahou-msmsw03px.corp.enron.com ([172.28.10.39])
 by postmaster.enron.com (8.8.8/8.8.8/postmaster-1.00) with ESMTP id QAA04260
 for <cwhite@vivance.com>; Tue, 30 Jan 2001 16:35:52 GMT
From: Sally.Beck@enron.com
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 Tue, 30 Jan 2001 10:36:00 -0600
Subject: Re: the latest . . .
To: CWhite@texas.usta.com, cwhite@vivance.com
Date: Tue, 30 Jan 2001 10:31:07 -0600
Message-ID: <OF164C0D1F.8D21ED53-ON862569E4.005A3F31@enron.com>
X-MIMETrack: Serialize by Router on ENE-MTA01/Enron(Release 5.0.6 |December
14, 2000) at
 01/30/2001 10:34:11 AM
MIME-Version: 1.0
Content-type: text/plain; charset=us-ascii

Just checked with Richmond Hill Inn in Asheville and they are open over
Thanksgiving.  Not filled yet for that time period.  They are sending me a
brochure.  Only potential draw back there is that most of their rooms have
only king size beds and sleep two persons.  There are 2 rooms that have two
beds, and two cottages that have sleeper sofas.  They do have baby beds.
Families of 2 or 3 can be accomodated fine.  I would probably take two
rooms, one for the girls and one for Tyler, David and me.  But we would
probably do that in New York or San Francisco, too.  As we all know, five
is almost too many in one room and bathroom.

I think that dinner in Austin on June 2 and a trip at Thanksgiving sounds
like a good plan.  Do you guys want to cover that with Mom and Dad and ask
about the San Antonio/Sun City crowd?

"White, Cara" <CWhite@texas.usta.com> on 01/30/2001 10:22:36 AM

To:   "'cwhite@viviance.com'" <cwhite@viviance.com>
cc:   "'sally.beck@enron.com'" <sally.beck@enron.com>
Subject:  the latest . . .

Hello, Sista -

Sally and I spoke this morning (I know you guys spoke last night as well) -
and here's the latest idea:

Since August, Sept., and Oct.  are pretty much impossible for a trip, how
about we schedule a trip - possibly to NYC or San Fran. - during
THanksgiving.  This seems ideal since we always get together anyway at that
time - and nobody will have to remove kids from school.  Sally thinks maybe
we could travel Tuesday - Saturday and avoid some of the Thanksgiving
travel
MADNESS.  Also, it pushes the travel even further into the year, which may
help you.

Then, we can have a family dinner for Mom and Dad on June 2 somewhere in
Austin.  We can include Maryann and Fabe and San Antonio cousins IF mom and
dad would like that.

Thoughts?   -Cara

Cara White
Community Development Coordinator
USTA Texas Section
1-888-883-6388
cWhite@texas.usta.com


3500 crittenden dr


Michael is still running 102 fever.  I spoke to the doctor again today, and
he said that Michael had a pretty good bit of strep.  I'm feeling better,
though, and have gotten a decent amount of work done.  In fact, Christy
Chapman may give you some original documents I initialled and faxed to her.
I'll explain later.  If I had your fax number I think I would have faxed them
to you.

Have a great day tomorrow.

Kay

	From:  Kathleen Carnahan                           10/26/2000 04:05 PM

To: Kay Mann/Corp/Enron@Enron
cc:

Subject: Re: Ledford and Fehr Memorandums of Options

Not yet.  Karen called me after I sent her my e-mail regarding the several
missing items and she assured me she would take care of the acknowledgments.
I did not want to mention it in my e-mail to her yesterday (thought I would
save that until I had a chance to see if she sent anything to Fred and he is
out of town).  I have not forgotten about it though.

How are you and handsome doing?  Feeling any better?  I talked to your other
son "Carlos" today and he was thinking about leaving early to go home
(something he ate yesterday at Massa's).

K-

Kay Mann
10/26/2000 03:52 PM
To: Kathleen Carnahan/NA/Enron@Enron
cc:

Subject: Re: Ledford and Fehr Memorandums of Options

By the way, did they ever get the acknowledgments taken care of?


Congratulations, Dave!

---------------------- Forwarded by Kate Symes/PDX/ECT on 04/04/2001 08:35 AM
---------------------------

Christopher F Calger
04/04/2001 08:31 AM
To: Portland West Desk
cc:

Subject: Dave Fuller's New Position

Dave Fuller has recently joined the ENA West Gas Desk.  Dave will continue to
work here in Portland, but will report to Barry Tycholiz in Houston.    As
Manager of Origination, Dave will be responsible for originating commodity,
service, transport and storage transactions with utility and industrial
customers across the Western U.S.  Please join me in congratulating Dave on
his new position.


Talya:

Thanks for your voice mail.  No, we have not forgotten.  We are still waiting for an internal response regarding Daniel's proposal on limitation of liability.  Sorry for the delay.  Regards.

Sara Shackleton
Enron Wholesale Services
1400 Smith Street, EB3801a
Houston, TX  77002
Ph:  (713) 853-5620
Fax: (713) 646-3490


Hi all )

?

We wanted to announce the launch of our newwebsite!? Want to know what
resources to use when conducting research?? Check out &related links.8? Want
more details regarding events?? Check out &events.8? Want to read past
publications on job hunting advice from graduates?? Check out &in the press.8
?

?

The new website is available at:

?

http://Haas-ea.com

?

We are open to any feedback or ideas to improve the website over the year.

?

Thanks!
Christine Mar and Shun Chen

?

?

?


Attached is the revised regulatory matrix for Transwestern's Red Rock Expansion project reflecting the request for an extension of time to replace the units at Station 4.  Remaining notifications include:

start of construction at Stations 1 & 3, and 4 if applicable (within 10 days),
end of construction and in-service date (within 10 days),
actual costs (within 6 months after facilities constructed),
noise survey at Stations 3 & 4 (within 60 days after in-service), and
any additional changes in construction and/or mitigation procedures (WOULD REQUIRE A DIRECTOR'S LETTER BEFORE IMPLEMENTING CHANGE).

Questions -please let me know at 7138 in Omaha.  Thanks.  Donna