Enron's Net Soars, Despite Telecom Loss, Gaining 40% Amid Strong Energy Units
The Wall Street Journal, 07/13/01

Enron Net Rose 40% in Quarter
The New York Times, 07/13/01

Treasury Prices Climb as More Money Is Shifted To U.S. Bonds on Weakness of
Emerging Markets
The Wall Street Journal, 07/13/01

THE ENERGY CRISIS Some State Energy Consultants Own Generators' Stock Ethics:
They negotiate deals and buy electricity from power firms. GOP officials
claim credit for forcing the disclosure of potential conflict.
Los Angeles Times, 07/13/01

THE ENERGY CRISIS Plan Uses Public in Refund Demand Legislature: Democrats'
proposal to pressure 'greedy' firms is attacked by GOP as political ploy.
Los Angeles Times, 07/13/01

COMPANIES & FINANCE THE AMERICAS - Surging energy sales behind Enron advance.
Financial Times, 07/13/01

Lex - Enron.
Financial Times - FT.com, 07/13/01

UK: Paladin says Enron sells entire stake.
Reuters English News Service, 07/13/01

White House adviser targeted for dealings with Salvation Army
Associated Press Newswires, 07/13/01

UK: Bidder list for Southern Water grows-report.
Reuters English News Service, 07/13/01

DPC not to re-start work on Phase II work
Business Standard, 07/13/01

California Power Bills Exceed Refunds, Judge Says (Update4)
Bloomberg, 07/13/01

California Governor Casts Blame for Crisis, to His Benefit
Bloomberg, 07/13/01

Enron's Net Soars, Despite Telecom Loss, Gaining 40% Amid Strong Energy Units
By Rebecca Smith
Staff Reporter of The Wall Street Journal

07/13/2001
The Wall Street Journal
A2
(Copyright (c) 2001, Dow Jones & Company, Inc.)

Enron Corp. posted a 40% increase in second-quarter net income, reflecting
the enormous profitability of its energy marketing and trading enterprise,
which was sufficient to offset wider-than-expected losses at its
telecommunications unit.
The Houston company had net income of $404 million, compared with $289
million a year earlier, on revenue that nearly tripled to $50 billion.
Earnings per share rose 32% to 45 cents from 34 cents.
Enron was lifted by exceptionally strong electricity- and gas-trading
volumes. In North America, natural-gas volumes jumped 9% and
electricity-trading volumes jumped 71%. In Europe, where Enron is pushing
aggressively into newly deregulated markets, trading volumes for gas more
than doubled and for electricity leapt to almost five times those of before.
From practically nothing just two years ago, Europe generates one-quarter of
Enron's energy-trading volumes.
Profits from trading more than compensated for a $101 million loss posted for
the company's telecommunications business that analysts had, until recently,
proclaimed would soon generate more income than Enron's energy business. For
the quarter, bandwidth-service revenue was $16 million. The unit posted a
loss of $8 million for the year-earlier quarter.
Enron's chief executive, Jeffrey Skilling, said prices for capacity on
fiber-optic networks, such as the one Enron has built, have been "dropping
like a rock. . . . We've been shocked at the extent."
Mr. Skilling said the company is trying to boost revenue by focusing on
fiber-optic delivery of data and entertainment -- "a narrow piece of the
business but about all that's left" -- and is hoping the glut in capacity
will evaporate as competitors go broke. He said companies that continue to
invest, despite the "market meltdown," and keep their networks state of the
art will be rewarded eventually.
Enron's results beat analysts' expectations, but several said they fear
softening electricity prices throughout the nation, and particularly in the
West, could crimp third-quarter results. "Enron benefited from unusual price
volatility," during the quarter, said Raymond Niles, an energy analyst for
Salomon Smith Barney. But it is uncertain whether that will continue with a
general softening of natural-gas and electricity prices across the country,
most notably in the West.
Mr. Skilling said he thinks California may have seen the worst of its energy
crisis. He consistently has said he doesn't think Enron's earnings will be
significantly affected by possible refund orders from federal energy
regulators or other regulatory intervention.
He added that Enron was pleased with steps the Federal Energy Regulatory
Commission took this week to encourage the formation of four big
electric-transmission grid operators in the West, the Northeast, the
Southeast and the Midwest.

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

Business/Financial Desk; Section C
Enron Net Rose 40% in Quarter
Bloomberg News

07/13/2001
The New York Times
Page 12, Column 4
c. 2001 New York Times Company

HOUSTON, July 12 -- The Enron Corporation, an energy trader, said today that
its second-quarter profit rose 40 percent as its sales of natural gas and
electricity surged in the United States and Europe.
Net income rose to $404 million, or 45 cents a share, from $289 million, or
34 cents, in the period a year ago, Enron said. Results beat analysts'
estimates by 3 cents a share.
Revenue almost tripled to $50.1 billion. Enron, which is based in Houston,
sold almost twice as much power in North America and five times as much in
Europe than in the quarter a year ago.
Although electricity and natural gas prices surged in California, Jeffrey K.
Skilling, the chief executive of Enron, said the state ''is just not a big
factor'' in Enron's increasing profits. The company bolsters earnings by
increasing sales of energy and other commodities like lumber and steel rather
than by raising prices, analysts said.
''That's the nature of the commodities business,'' said Zach Wagner, an
analyst with Edward Jones & Company. ''As markets open up, their volumes will
grow. Their margins are basically flat.''
Enron's profit margin was less than 1 percent last year and has averaged 2.1
percent the last five years, based on Bloomberg data. That compares with a
profit margin of 6.5 percent for Exxon Mobil, the largest publicly traded
energy company.
Shares of Enron have dropped 31 percent the last year, despite steadily
increasing earnings, and sales that now rival those of Exxon Mobil. Shares of
Enron rose 45 cents today, to $49.55.
Enron was expected to make 42 cents a share in the quarter, the average
estimate of analysts polled by Thomson Financial/First Call.

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

Credit Markets
Treasury Prices Climb as More Money Is Shifted To U.S. Bonds on Weakness of
Emerging Markets
By Michael Mackenzie and Andrew Gelfand
Dow Jones Newswires

07/13/2001
The Wall Street Journal
C12
(Copyright (c) 2001, Dow Jones & Company, Inc.)

NEW YORK -- Treasury prices closed higher as renewed weakness in emerging
markets prompted investors to shift more money into the U.S. bond market.
It is common for Wall Street traders to bid Treasurys higher when weakness in
other markets seems likely to spur flows into Treasurys, which are viewed as
a haven.
But yesterday's action involved more than just Wall Street firms and provided
substantial support, mostly offsetting the bearish influence of a stock
rally. "Argentina is keeping a good bid in the [Treasury] market," said Peter
Cordrey, managing director at Prudential Investment Management in New Jersey.
Much of the focus again was Argentina, whose long-term sovereign credit
rating yesterday was cut by Standard & Poor's to single-B-minus from
single-B.
S&P said the ratings outlook for Argentina remained negative and cited
"growing strain on the cohesion of the governing coalition and the risk that
it may impede efforts by Economy Minister Domingo Cavallo to implement
draconian measures to balance the federal budget."
That country is "just looking worse and worse every time you turn around,"
said Drew Matus, market economist with Lehman Brothers in New York.
Despite indications that Argentine officials are trying to win agreement on
spending cuts, investors remained nervous about the nation's ability to
service its large external debt burden. Prices of Argentine floating-rate
bonds fell about 103/8 points to 623/8.
In U.S. Treasury trading, meanwhile, the benchmark 10-year note at 4 p.m. EDT
was up 8/32 point, or $2.50 per $1,000 face value, at 98 6/32. Its yield fell
to 5.242% from 5.276% late Wednesday, as yields move inversely to prices.
The 30-year Treasury bond's price was up 14/32 at 96 1/32 to yield 5.652%,
down from 5.684% Wednesday.
Shorter Treasury maturities preformed less strongly than longer ones, and
analysts cited gains in stocks as a reason.
The Dow Jones Industrial Average surged 237.97 points to 10478.99, and the
Nasdaq Composite Index jumped 103.70 points to 2,075.74. Treasurys are being
"pulled in two directions, and the stock market is winning in the [short]
end," said Richard Gilhooly, senior bond strategist at Paribas Capital
Markets in New York.
Another factor bolstering Treasurys was economic news. In two early releases,
the Labor Department reported both a huge rise in claims for state
unemployment benefits and slightly lower prices for imported goods.
The number of workers filing first-time applications for jobless benefits
jumped by 42,000 to 445,000 in the week ended July 7, the highest level since
about mid-1992. That raised the four-week moving average to 410,750 claims.
Today, two other economic reports may dominate the attention of bond
investors: the producer price index and retail sales, both for June.
A Dow Jones Newswires/CNBC survey found that economists believe the PPI was
unchanged in June and will show a slight 0.1% increase in the month excluding
food and energy. "The friendly inflation news should help to keep a bid in
long [dated] Treasurys," said Gemma Wright, a bond-market strategist at
Barclays Capital in New York.
A separate Dow Jones Newswires poll found that economists expect to see a
0.3% rise in overall retail sales in June, or a 0.2% sales gain excluding
automobiles.
Corporate Bonds
Marlin Water Trust II sold $475 million and 515 million euros ($439 million)
of securities via Credit Suisse First Boston and Deutsche Banc Alex. Brown.
In 1998, Enron Corp. created a special-purpose entity, to finance the
purchase of water utility Wessex Water PLC of the United Kingdom. Yesterday's
issue was a refinancing of that debt, but was done in a way that keeps the
debt off Enron's balance sheet, underwriting officials said.
The U.S. portion of the deal was priced to yield 6.31%, or 2.25 percentage
points over Treasurys. In early trading, it was quoted at 2.25 percentage
points over Treasurys, which was "reasonably positive on a day when the
corporate market was so jittery," said Stephen Kane, portfolio manager at
Metropolitan West Asset Management.
Generally, investment-grade corporate bonds weakened on concerns about
emerging markets. Yield margins to Treasurys, an important performance gauge,
widened by 0.05 to 0.10 percentage point.
Separately, Citigroup Inc. tapped the market with $2 billion of two-year
global floating-rate notes priced to yield 0.09 percentage point over
three-month London interbank offered rate, or Libor.
Agency Securities
Fannie Mae sold $2.5 billion of callable benchmark securities, which traded
strongly afterward.
Its $1.5 billion of 5.5%, five-year notes yielded 5.5657%, or 0.05 percentage
point over the Fannie Mae benchmark level on an option-adjusted spread basis.
An additional $1 billion of 6.25%, 10-year notes yielded 6.408%, or 0.03
percentage point over the Fannie Mae benchmark level on an option-adjusted
basis.
Scott Graham, head of agency trading at Greenwich Capital Markets, said his
company saw "a number of customers" who don't typically consider callable
issues, but were nonetheless looking to buy some of the new securities.
---
Sonja Ryst, Richard A. Bravo and Tyler Lifton contributed to this article.

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

California; Metro Desk
THE ENERGY CRISIS Some State Energy Consultants Own Generators' Stock Ethics:
They negotiate deals and buy electricity from power firms. GOP officials
claim credit for forcing the disclosure of potential conflict.
ERIC BAILEY
TIMES STAFF WRITER

07/13/2001
Los Angeles Times
Home Edition
B-10
Copyright 2001 / The Times Mirror Company

SACRAMENTO -- More than half a dozen consultants hired by the state to
purchase electricity and to negotiate long-term power deals own stock in
generating companies such as Calpine and Enron that have profited handsomely
during California's energy crisis.
The potential conflict of interest emerged Thursday with the release of
financial disclosure statements by consultants who have been hired by the
state since the start of the power crunch.
Among those disclosing stock ownership were two key negotiators of long-term
energy contracts and two workers hired to purchase electricity from
generators, including some of the firms in which they hold an interest.
Several other consultants who played key roles in the state's energy efforts
decided not to file financial disclosure statements, citing legal exemptions
under state law.
Among those who did not file the financial disclosure statements were a pair
of executives at two Wall Street firms that stand to make $14 million if the
state buys California's power grid. Of about 50 consultants hired by the
state in the past six months, 27 filed the disclosures.
The disclosures follow a firestorm in Sacramento last month over the hiring
by Gov. Gray Davis of two media consultants also employed by Southern
California Edison, the troubled utility that is negotiating with the state
over a bailout package.
Steve Maviglio, a Davis spokesman, said the governor's legal staff was
reviewing the financial disclosure forms for any potential conflicts of
interest.
"If there's anything inappropriate," Maviglio said, "then we'll deal with
it."
Republicans, however, said the hired workers had revealed overt conflicts
that clearly violated state law.
Secretary of State Bill Jones, a Republican running for governor against
Davis next year, said the revelations call into question the work performed
by the consultants on high-priced energy contracts that are "going to
mortgage our children's future for decades to come."
"If you show a conflict, the potential is there for collusion," Jones said.
"I'm not accusing anyone, but that's why you have disclosure."
Rob Stutzman, a state GOP spokesman, said he was particularly troubled
because the consultants had delayed filing the disclosure forms for months.
Under state law, the forms are supposed to be submitted within 30 days after
the consultants go to work for the state.
Most of the energy consultants, who could not be reached for comment,
reported owning relatively small amounts of stock in energy firms, generally
less than $10,000.
But one of the new workers, William Mead, disclosed that he owned between
$100,000 and$1 million in Calpine, a San Jose-based energy firm. Mead did not
report when the stock had been purchased.
Only one of the contractors reported selling off stock after coming to work
for the state.
Vikram Budhraja, president of Pasadena-based Electric Power Group LLC, on
Jan. 11 purchased between $10,000 and $100,000 in stock of Dynegy, a
electricity and natural gas producer. He sold it off on Jan. 29, 10 days
after he came to work for the state. Budhraja has been a top negotiator of
the state's long-term energy contracts, which have included a deal concluded
March 2 with Dynegy.
Richard Ferreira, a retired Sacramento Utility District executive hired by
the state to negotiate long-term power contracts, reported the purchase of
between $2,000 and $10,000 of stock in Calpine, a San Jose-based energy firm,
in August 2000. He also purchased a similar amount of stock in General
Electric Co., which produces power plant equipment, in April 2000.
Bernard Barretto, an energy trader, reported that he owned an undisclosed
amount of stock in Enron Corp., a big Texas-based energy firm. Elaine Griffin
purchased between $10,000 and $100,000 in Calpine stock on Feb. 1, less than
three weeks before she came to work for the state as an energy trader.
Constantine Louie, an energy scheduler, reported owning between $10,000 and
$100,000 in Calpine stock.
Republicans took credit for forcing the Davis administration to file the
reports, a charge the governor's office brushed aside.
Jones, the secretary of state, held a news conference Tuesday to complain
about the failure of nearly all the state's energy consultants to file any
sort of financial disclosure forms. The statements were only made available
late in the afternoon Thursday, months after many consultants went to work
for the state.
Maviglio, the governor's spokesman, said the delays were explained in part by
negotiations that began in March with the Fair Political Practices
Commission, the state's ethics watchdog, to determine if the consultants were
required to file the forms.
He also suggested that Jones' accusations were fueled more by campaign
politics than any devotion to constitutional duty.
"One needs to question why the secretary of state is using taxpayer money to
investigate something beyond his jurisdiction," Maviglio said. "That's why we
have an FPPC, to look at these kinds of things."

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

California; Metro Desk
THE ENERGY CRISIS Plan Uses Public in Refund Demand Legislature: Democrats'
proposal to pressure 'greedy' firms is attacked by GOP as political ploy.
CARL INGRAM
TIMES STAFF WRITER

07/13/2001
Los Angeles Times
Home Edition
B-10
Copyright 2001 / The Times Mirror Company

SACRAMENTO -- The Democratic-led state Senate intends to fill constituent
mailboxes with a taxpayer-financed appeal urging Californians to demand
nearly $9 billion in energy price refunds from "greedy out-of-state power
generators."
Senate leader John Burton (D-San Francisco) said the mailers will ask
Californians to join the Senate and Gov. Gray Davis in insisting that the
Federal Energy Regulatory Commission order the refunds of alleged overcharges.
Senate Democrats set the high target despite a federal mediator's ruling
against Davis earlier this week. The mediator said California would be
entitled to only about $1 billion in generator overcharges, not the $8.9
billion that Davis has fought for.
Senate officers said the cost of the mail campaign will be paid from the
budgets of senators, at taxpayer expense, as part of the Legislature's
constituent service mail program.
But Republicans attacked the mailer as political propaganda that may violate
state law and Senate policy barring issuance of "partisan" documents at
public expense.
Sketchy details of the quietly developed project surfaced on the Senate floor
Thursday. Staffers who worked on it said it was virtually impossible to
calculate the program's cost.
But they indicated that if all 26 Democrats agreed to send up to 30,000
mailers each to constituents, the postage alone would cost $140,400.
If each mass mailing exceeded 30,000 pieces, a higher postage rate would
apply, raising the cost, officials said.
In the mailer, constituents are asked to return an attached card to their
state senator, urging "full refunds of the outrageous prices charged by the
greedy out-of-state power generators."
Cynthia Lavagetto, manager of the Senate mail program, said each member will
decide what do do with the returned cards, including simply filing them or
sending them on to FERC.
Lavagetto said a prototype mailer was prepared with the help of the Select
Committee on Citizen Participation, a panel that has no chairman or members,
since it has not been activated this year. But it does maintain an office and
has three staffers on the Senate payroll.
Burton dismissed the Republican charges of partisanship as baseless. "We do
this all the time on a variety of issues," he said. "We're saying, 'Stop
stealing California's money.' "
But Sen. Ross Johnson of Irvine, the Senate's senior Republican, denounced
the mailing as clearly partisan. He said it appeared to reflect a developing
2002 election strategy of Davis and Democrats to blame the FERC and
out-of-state generators for California's energy mess.
"I seriously question the appropriateness of using taxpayer money to get
people to lobby [for the refunds]," Johnson said.
Johnson and Sen. Ray Haynes (R-Riverside) suggested that Democrats turn their
criticism to municipal utilities, including the Los Angeles Department of
Water and Power. Some utilities charged the state even higher prices last
winter than did private generators.
"Why are they not attacking the DWP?" Johnson asked.
He noted that S. David Freeman was running the DWP at the time some of its
highest prices were charged to the state, which is buying power for
California's financially crippled utilities. Later, Davis hired Freeman as
his top energy price negotiator.
"Doesn't David Freeman more properly belong in that same jail cell as the guy
called Spike than he does in the governor's office?" Johnson asked.
"Spike" has become a character in the California energy debate, thanks to
Atty. Gen. Bill Lockyer, who is investigating whether power sellers engaged
in price-gouging and antitrust behavior.
In an interview with the Wall Street Journal in May, Lockyer said he would
"love to personally escort [Enron Corp. Chairman Kenneth] Lay to an 8-by-10
cell that he could share with a tattooed dude who says, 'Hi. My name is
Spike, honey.' "

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

COMPANIES & FINANCE THE AMERICAS - Surging energy sales behind Enron advance.
By JULIE EARLE.

07/13/2001
Financial Times
(c) 2001 Financial Times Limited . All Rights Reserved

Enron, the US energy trader, yesterday posted a 40 per cent rise in
second-quarter profits to $404m, due to surging gas and electricity sales in
North America and Europe.
The Houston-based company also said it would continue to grow aggressively in
Europe and seize any opportunities to expand in the US, after regulators on
Wednesday ordered the formation of an organisation to open the North American
electricity market.
Jeff Skilling, Enron chief executive, said the company had its sights set on
Europe for strong earnings growth, which it hopes will eventually match North
America.
The company's wholesale business unit, the group's main profit driver,
derives 70 per cent of its business from North America.
"We see more growth opportunity in Europe than in North America. Gas volumes
are up more than 100 per cent (in the quarter)," Mr Skilling said. "The gas
and electric market in Europe is almost as big as North America and we got an
early start."
Mr Skilling said a decision by the Federal Energy Regulatory Commission to
order the formation of four grid organisations to optimise the transmission
of electricity in parts of the US was hugely important.
He estimated only 20 per cent of the wholesale market for electricity could
be accessed and the decision would take this to 90-95 per cent.
Mr Skilling said Enron, which has transformed itself from a pipeline company
into a large energy trader, was focused on its volumes, not revenues, which
jumped to $50.1bn in the quarter, from $16.9bn a year ago.
The only poor performer was the broadband division, which trades space on
fibre-optic networks. The unit posted a loss of $102m in the quarter, against
an $8m loss a year ago, and the company said it would cut costs there.
Enron's result of $404m, or 45 cents a share, compared with $289m, or 34
cents, in the same quarter a year ago.
Analysts had been expecting 42 cents a share.
By the close in New York, the company's shares were trading 45 cents higher
to $49.55. See Lex.
(c) Copyright Financial Times Ltd. All rights reserved.
http://www.ft.com.

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

Lex - Enron.

07/13/2001
Financial Times - FT.com
(c) 2001 Financial Times Limited . All Rights Reserved

Be careful of the company you keep. Having enjoyed its status as a
telecommunications play last year, Enron is now suffering with its new
friends. The US energy trader has dropped by 40 per cent since the start of
the year - underperforming the market by a third - despite the earnings
momentum in its core energy trading business.
A 40 per cent increase in net income in the second quarter, even allowing for
inevitable questions over earnings quality, is impressive. The strength of
the energy trading business, with volumes up by almost 60 per cent, is more
than enough to offset the misery in the broadband trading business.
However, the broadband division's $102m losses are shocking, even in these
difficult times. The market has collapsed, partly owing to credit problems in
the telecoms sector. Enron's cost base is completely out of kilter with the
opportunity. At least it should not be too hard to put that right. Actual
investment in assets is limited; and by reallocating staff to the
fast-growing energy trading divisions, restructuring costs can be kept to a
minimum.
Broadband is not the only worry. California's troubles have not affected
trading volumes, but regulatory risk remains, while promises on asset sales
have not been met. Trading on 23 times 2002 forecast earnings, the valuation
looks fair for a fast-growing trading company. The upside lies in convincing
investors to give the company more credit for its value-added risk management
services. The long-term potential of broadband trading, meanwhile, is thrown
in for free.
(c) Copyright Financial Times Group.
http://www.ft.com.

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

UK: Paladin says Enron sells entire stake.

07/13/2001
Reuters English News Service
(C) Reuters Limited 2001.

LONDON, July 13 (Reuters) - UK oil and exploration company Paladin Resources
said on Friday that U.S. energy firm Enron had sold the whole of its 19
percent holding.
Enron, which was Paladin's largest shareholder, sold its stake of 40 million
shares at 44 pence via HSBC.
A Paladin spokesman said the move would increase liquidity and broaden its
shareholder base.

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

White House adviser targeted for dealings with Salvation Army
By RON FOURNIER
AP White House Correspondent

07/13/2001
Associated Press Newswires
Copyright 2001. The Associated Press. All Rights Reserved.

WASHINGTON (AP) - Senior White House adviser Karl Rove, increasingly a target
of criticism from Democrats and Republicans, wound up at the center of a new
storm over his dealings with the Salvation Army.
White House aides rallied to his side, and Rove was unapologetic. But
Democratic National Committee chairman Terry McAuliffe called for
congressional hearings.
"I think the truth needs to come out," McAuliffe said Thursday. "Let's have
hearings and get to the bottom of this."
At issue was the Salvation Army's push for a regulation allowing religious
charities to practice workplace discrimination against gays, and Rove's
actions on behalf of the group. Rove said he was simply doing his job.
While McAuliffe called for hearings, Senate Majority Leader Tom Daschle,
D-S.D., seemed less riled. "Karl Rove is a very respected individual and I
wouldn't have any comment to make," Daschle said.
Thursday's flap was not the first for Rove, who oversees politics, strategy
and public liaison at the White House.
When Sen. James Jeffords bolted the GOP and turned the Senate over to
Democrats last month, Republicans accused Rove of alienating the Vermont
lawmaker during the tax-cut debate. He was fingered, too, for not warning
Bush earlier that Jeffords might jump ship.
When Rove sat in White House meetings on policy that could impact his stock
portfolio, Democrats demanded to know whether his holdings with Houston-based
Enron Corp. and Intel Corp. created a conflict of interest.
When Bush crossed some military advisers and suspended Navy bombing on the
Puerto Rican island of Vieques, Rove's involvement in the case was held up as
proof by critics that the decision was politically-motivated.
Rove's involvement in the Salvation Army case has stirred debate in
Republican and Democratic circles about whether he wields too much power and
is too political for the White House.
The White House rejected the Salvation Army's request Wednesday, but only
after the revelation of an embarrassing Salvation Army memo. The memo said
the administration had promised to issue a regulation protecting it and other
religious charities from efforts to prevent such discrimination in exchange
for the Salvation Army's support of Bush's plan to open government programs
to religious groups.
White House officials left the impression that no senior officials were
involved in the discussions, failing to point out Rove's activity until
Thursday.
In a telephone interview, Rove said he recalled having just three or four
brief discussions on the topic. He received a request from a Salvation Army
ally to looked into the rule, sent the ally to the White House faith-based
office, forwarded the written request to a government lawyer and was told
later by the lawyer, "We're not certain there's anything we can do."
The lawyer, Jay Lefkowitz, told reporters the request lay dormant after his
discussion with Rove.
Rove rejected the criticism. "My job is not to say, `Don't send me something
or call me.' My job is to keep my eyes and ears open and send things to the
appropriate departments," he said.
Some top Republicans outside the White House said Rove has become a
lightening rod.
"Part of his role is to be a deflection shield for the president," said GOP
consultant Rich Bond. "Everytime Karl takes a hit, it's one less hit the
president has to take. Karl knows that and he is a big boy."
Aides say the president is not troubled by Rove's actions, even joking about
the controversies.
White House chief of staff Andrew Card also defended Rove.
"I may be naive, but we have no problem of division on the senior level,"
said Card. "I was in the Reagan White House when we had three clear camps ...
We don't have that here."
Aides do acknowledge, however, that there is some resentment of Rove in the
lower ranks of the White House. Some grumbled that Rove did not let White
House press secretary Ari Fleischer know Wednesday about his involvement in
the Salvation Army case. Others, still tired from a tough campaign and
frustrated by their new jobs, said they resent Rove's wide reach.

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

UK: Bidder list for Southern Water grows-report.

07/13/2001
Reuters English News Service
(C) Reuters Limited 2001.

LONDON, July 13 (Reuters) - More potential bidders have emerged that may
challenge Italian utility ENEL for Southern Water, the British regional
utility put up for sale by its parent Scottish Power Plc earlier this year, a
trade magazine reported on Friday.
Utility Week said British gas and homes services retailer Centrica had teamed
up with French utility Vivendi Environnement , which already owns UK water
assets, "to consider a bid".
But it cited unnamed sources saying the German-owned investment bank WestLB
Panmure, which was behind a management buyout of Southern Water's neighbour
Mid Kent Water earlier this year, had "emerged as front-runner in the past
week".
ENEL has said it is interested, and according to Reuters' industry sources
Scottish Power's floor price is 1.7 billion pounds ($2.4 billion) excluding
any attached debt.
Scottish Power said in March the business was for sale.
It needs the cash to help fund its own plans for expansion in the United
States, where industry sources say it has held talks on buying Portland
General, a power utility owned by Enron Corp , which neighbours the UK
group's own PacifiCorp arm.

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

DPC not to re-start work on Phase II work
Our Regional Bureau NEW DELHI

07/13/2001
Business Standard
3
Copyright (c) Business Standard

Enron-promoted Dabhol Power Company (DPC) today said that Enron Corp chairman
Kenneth Lay during his meetings with the Centre and the Maharashtra
government had not agreed to any proposal to complete the construction of
phase-II of the power project.
"Dabhol Power Company believes that a decision to recommence construction
cannot be made unless various issues relating to the project are completely
resolved," DPC said in a statement.
It said that any discussion that Lay had on recommending construction of
phase-II was in the context of the current uncertainties surrounding the
project.
DPC said that contractors working on the project resorted to termination due
to non-payment of their dues as lenders had stopped disbursing funds.
"This decision was taken as a result of continuing defaults by MSEB
(Maharashtra State Electricity Board), including MSEB's repudiation of the
PPA, their failure to pay outstanding invoices and their stated unwillingness
to accept phase-II power, as well as failure of the government guarantors to
honour their payment guarantees," said the statement.
It added that the situation had not changed.

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

California Power Bills Exceed Refunds, Judge Says (Update4)
2001-07-12 21:40 (New York)

California Power Bills Exceed Refunds, Judge Says (Update4)

     (Adds legislator comment in sixth paragraph, details from
judge in 11th paragraph, negotiator comment in 12th paragraph.)

     Washington, July 12 (Bloomberg) -- California's debts to
power sellers for electricity purchases exceed any refund the
state can claim for alleged overcharging, a judge overseeing
settlement talks said in a report to federal regulators.
     California and its utilities may be owed more than $1 billion
on claims generators overcharged them, Administrative Law Judge
Curtis Wagner wrote in a report to the Federal Energy Regulatory
Commission. California alleges power sellers like Duke Energy
Corp., Enron Corp. illegally inflated prices by $8.9 billion.
     ``While there are vast sums due for overcharges, there are
even larger amounts owed to energy sellers'' by California and its
utilities, Wagner wrote. He said the state is owed ``hundreds of
millions of dollars, probably more than a billion dollars.''
     The decision strengthens the generators' claim that the
state's request for billions isn't supported by the facts. Energy
companies have offered a total of $716 million in refunds to the
state, Wagner said.
     FERC-ordered negotiations between the state and the energy
sellers broke down without an agreement this week. FERC will
decide on the size of refunds within 60 days. California Governor
Gray Davis has said the state will sue if it does not receive the
refunds it demanded.
     ``I find it unlikely that someone will not be unhappy enough
to go to court,'' said State Senator Debra Bowen, a Democrat from
Los Angeles. ``There's too much money at stake.''

                         Wagner's Report

     FERC will use Wagner's report to calculate the size of any
refunds. California could receive refunds in the form of credit
against power-buying debts. In his report, Wagner didn't say how
much the state and its utilities owe to power companies.
     ``Can a cash refund be required where a much larger amount is
due the seller? The chief judge thinks not,'' wrote Wagner, who is
FERC's chief administrative law judge.
     Wagner provided suggestions to the FERC commissioners on how
to set any refunds. He urged that they calculate potential
overcharges beginning October 2000. California had urged the
settlement be figured from May 2000.
     Davis criticized that decision, calling it ``a $3 billion
free gouge for the generators'' in a statement released by his
office.
     The judge said California had rejected a settlement offer he
made during the talks. He did not say what that settlement offer
was. He said California would not budge from its initial demand.
He also said California did not provide him some of the background
information he requested until this week.
     ``If we had more time we might have been able to respond more
quickly, but we did the best we could,'' said Michael Kahn,
chairman of the Independent System Operator, the state's electric
grid manager. He led the state delegation.

                    Heart of Dispute

     At the heart of the dispute are federal regulations that
require power sellers to charge only those rates deemed by federal
regulators to be ``just and reasonable.'' FERC had price caps in
place when some of the disputed power purchases were made.
     Energy companies claim that rising natural-gas prices and a
lack of adequate supply pushed prices up. The state accuses the
companies reaping unreasonable profits.
     Davis has made attacks on power generators a staple of his
response to the energy crisis, and has accused them of gouging the
state in dozens of speeches since January. He said that if the
state isn't paid $8.9 billion, it would sue for up to $20 billion.
     Energy executives accuse Davis and California political
leaders of attempting to scapegoat the energy companies for a
failed deregulation plan that led to soaring wholesale prices last
year. The state's largest two utilities can't pay for their power.
     ``It's pretty clear that the state has no particular interest
in resolving this,'' Enron Chief Executive Jeffrey Skilling said
in an interview with Bloomberg News. ``It makes for good political
fodder, and so I think they'll spend a lot of time making a lot of
noise about it.''
     Several other energy companies praised the judge's
recommendations.
     ``We agree with the judge's position that the $8.9 billion
refund number is totally unsubstantiated,'' Duke Energy Corp.
spokesman Tom Williams said.
     PG&E Corp.'s Pacific Gas & Electric and Edison
International's Southern California Edison, the state's largest
investor-owned utilities, ran up more than $14 billion in debt
buying electricity last year. The state stepped in and began
buying power for them in January, and has spent more than $7
billion.

California Governor Casts Blame for Crisis, to His Benefit
2001-07-13 03:03 (New York)

California Governor Casts Blame for Crisis, to His Benefit

     San Francisco, July 13 (Bloomberg) -- California Governor
Gray Davis's popularity is bouncing back, and pollsters credit the
Democratic lawmaker's campaign to blame the state's energy
problems on out-of-state power companies.
     Davis has criticized Duke Energy Corp., Enron Corp. and other
power sellers as price gougers since January. This week, Davis
used a power-plant opening as a platform to claim that energy
sellers are ``bleeding us dry.'' The Democratic state attorney
general and Democratic-controlled state Senate are investigating
the firms for market manipulation.
     The governor is winning support because of his attacks. A Los
Angeles Times poll in June showed that 86 percent of Californians
believed power generators distorted prices. Davis's approval
rating rose to 52 percent of registered voters in June, from 46
percent in early April, his lowest since being elected in 1998,
his pollster, Paul Maslin, found.
     ``Gray Davis is very good at licking his fingers and seeing
which way the political winds blow,'' said Bruce Cain, a political
science professor at the University of California at Berkeley.
``And he's found good villains.''

                    Outlook for Settlement

     The politics may make it harder for the state to reach a
settlement with energy companies for claims they overcharged the
state by $8.9 billion, analysts say. A federal judge overseeing
settlement talks said the state is owed far less. Davis says the
state will sue for $18 billion if its demands aren't met.
     ``There is no way you are going to get any kind of agreement
from someone making such audacious claims,'' said Donato Eassey,
an energy analyst at Merrill Lynch & Co. in Houston.
     The refunds may be secondary to Davis's effort to be re-
elected in 2002, a victory that political analysts say position
him as a contender for national office in 2004.
     ``He's in good shape going into 2002, and if he wins, there's
the inevitable speculation about whether he eyes a run for
president in 2004,'' Cain said.
     Just months ago, Davis's public approval ratings were at
their lowest point since he was elected, according to a Field
Institute poll in April.
     PG&E Corp.'s utility, the state's largest, was in bankruptcy.
Wholesale-power prices were rising, and millions of Californians
lost power in a string of blackouts caused by reduced power
reserves.

                         Governor Rebounds

     The governor was widely criticized for failing to act swiftly
to end the crisis. Now Davis seems to be recovering, analysts
said.
     While vilifying the power companies, the first-term governor
has also been spearheading the state's response to the energy
crisis. He has created a team to negotiate a financial rescue
package to save Edison International's Southern California Edison
utility from bankruptcy, started an $800 energy conservation drive
and pushed for more power plants to be built.
     The energy companies lashed back at Davis this week. A
spokesman for Enron Corp., the world's largest energy trader,
accused Davis and California leaders of conducting a political
``witch hunt.''
     ``The last thing they want to do is take responsibility for
the problem they created,'' Enron spokesman Mark Palmer said.
``They set about looking for the biggest villains.''
     Enron filed suit against a California state Senate committee
investigating allegations of market manipulation, accusing the
panel and its Democratic chairman in a letter of seeking a
``scapegoat'' for a failed deregulation law.

                   Plotting his Response

     Davis began plotting his response to the crisis almost
immediately after it became public in January, said Garry South,
his chief political strategist. Step one, Davis aides said, was to
blame the energy companies that were profiting from the state's
woes. Davis targeted a half-dozen companies. In addition to Enron
and Duke, Mirant Corp., Reliant Energy Inc., and Williams Cos.
were placed in the crosshairs.
     ``There was a group of perpetrators from out of state
manipulating this system and screwing consumers,'' South said.
``We had to explain how this thing happened.''
     Republicans criticize Davis for inaction on the crisis, while
acknowledging he is favored to win re-election going into next
year's campaign.
     He leads three potential rivals -- Secretary of State Bill
Jones, banker William Simon, the son of former Treasury Secretary
William Simon, and former Los Angeles Mayor Richard Riordan,
according to the Times poll of 1,541 state residents conducted
June 23-26.
     ``He will be the favorite,'' said Rob Stutzman, a consultant
for the California Republican Party.

                         Worries Ahead

     Davis still has worries as the state struggles to address the
energy crisis, analysts say.
     PG&E Corp.'s Pacific Gas & Electric filed for bankruptcy in
April. Edison International's Southern California Edison, the No.
2 utility, is struggling to overcome legislative opposition to the
financial-rescue package negotiated by Davis.
     Davis may be blamed, analysts say, if the state Legislature
refuses to ratify the rescue plan for Edison and the utility files
for bankruptcy. Republicans and many Democrats in the Legislature
oppose the agreement, known as a memorandum of understanding.
     ``The MOU's dead, and the likely scenario is for the utility
is to go into bankruptcy,'' said Peter Navarro, an associate
professor of economics and public management at the University of
California at Irvine.
     California voters may receive unpleasant reminders of the
crisis all summer. The state has already suffered through six days
of rolling blackouts, and more are predicted.
     ``As soon as the lights go out, it's Gray's fault,'' Navarro
said.


Sorry about not having the attachment.

 -----Original Message-----
From: 	Cunningham, Lance
Sent:	Thursday, July 26, 2001 11:03 AM
To:	Shapiro, Richard
Cc:	Steffes, James D.; Roan, Michael
Subject:	Presentation of Oligopoly markets (non-collusive strategic market behavior)

Mr. Shapiro,

I ran across Harry Singh (PG&E) and he mentioned meeting you because of on-going litigation in the California market.  I thought that you might find this presentation interesting.

Attached is an IEEE presentation that I made this past week at an IEEE conference.  Last Friday I also gave the presentation to the University of California Energy Institute.

I am Scheduled to give it to the Texas PUC, market monitoring staff, next month on August 22.

Slide 28 begins the ERCOT case study.  You might find slide 41 interesting which shows ERCOT prices as a function of competitive and strategic (non-competitive) behavior with and without new market entrants.  Potential profits as a function of market prices for TXU, Reliant/CPSB, and AEP is also computed.

Let me know if I can be of any assistance to you,
Lance B. Cunningham, P.E.
Enron Wholesale Services, Research
1400 Smith Street
Houston, TX  77002-7361
(713) 345-4186  FAX (713) 646-2503


http://www.zianet.com/rockaria/databases/alllyricswwwwais.html

The information contained in this e-mail message is intended only for the
personal and confidential use of the recipient(s) named above. This message
may be an attorney-client communication and/or work product and as such is
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Lyn:

Can you tell me the status on this order?  Alex is really feeling the pinch
for this
new computer.

Thanks!

Shirley
3-5290

---------------------- Forwarded by Shirley Crenshaw/HOU/ECT on 01/12/2000
08:32 AM ---------------------------

Shirley Crenshaw
01/07/2000 01:49 PM
To: Lyn Malina/HOU/ECT@ECT
cc: William Smith/Corp/Enron@ENRON, Vince J Kaminski/HOU/ECT@ECT, Alex
Huang/Corp/Enron@ENRON
Subject: New PC

Hi Lyn:

Alex Huang has requested a new PC and Vince Kaminski has ok'd it.  Please
order the computer as listed below in Alex's request.

Thanks!

Shirley
3-5290

---------------------- Forwarded by Shirley Crenshaw/HOU/ECT on 01/07/2000
01:48 PM ---------------------------

Vince J Kaminski
01/07/2000 12:12 PM
To: Shirley Crenshaw/HOU/ECT@ECT
cc: Vince J Kaminski/HOU/ECT@ECT, Grant Masson/HOU/ECT@ECT, Alex
Huang/Corp/Enron@ENRON
Subject: New PC

Shirley,

OK.

Vince
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 01/07/2000
12:02 PM ---------------------------

Alex Huang@ENRON
01/07/2000 08:28 AM
To: Shirley Crenshaw/HOU/ECT@ECT
cc: Vince J Kaminski/HOU/ECT@ECT, Grant Masson/HOU/ECT@ECT
Subject: New PC

Hi Shirley,
I would like to request for a new PC.  My current PC is quite old with not
enough memory.  Twice
I ran out of memory and had to have IT people coming to clean it for me.
Their suggestion is
to either get a new hard drive or a new PC.  Given that Dell has Pentiumc III
Processor at 800 MHz
on market, I would like to request a PC with process at 500 MHz or higher
level.
Thank you very much.

Best,
Alex


---------------------- Forwarded by Tana Jones/HOU/ECT on 04/25/2000 02:48 PM
---------------------------

Leonardo Pacheco@ENRON
04/24/2000 10:44 AM
To: Tana Jones/HOU/ECT@ECT
cc:
Subject: Bandwidth on EOL customer list

Tana,

Attached please find customer list (sent by EBS) for bandwidth trading on
EOL. Please review it and send me your comments. We are planning on launching
the products on May 1st.  Also, I am attaching the GTC that Cynthia Harkness
from EBS put together.

Please let me know if you have any questions

Thank you!

Leonardo Pacheco
ext. 39938


------------------------------------------------------------------------------
------------------------
W E E K E N D   S Y S T E M S   A V A I L A B I L I T Y

F O R

April 20, 2001 5:00pm through April 23, 2001 12:00am
------------------------------------------------------------------------------
------------------------

SCHEDULED SYSTEM OUTAGES:

ARDMORE DATA CENTER - FACILITY OPERATIONS: No Scheduled Outages.

AZURIX: No Scheduled Outages.

EB34 DATA CENTER - FACILITY OPERATIONS: No Scheduled Outages.

EDI SERVER: No Scheduled Outages.

ENRON NORTH AMERICAN LANS:      SEE ORIGINAL REPORT

FIELD SERVICES:  No Scheduled Outages.

INTERNET: No Scheduled Outages.

MESSAGING:     SEE ORIGINAL REPORT

MARKET DATA: No Scheduled Outages.

NT: No Scheduled Outages.

OS/2:  No Scheduled Outages.

OTHER SYSTEMS:        ALSO SEE ORIGINAL REPORT
Impact:  CORP
Time:  Fri 4/20/2001 at  5:00:00 PM CT thru Mon 4/23/2001 at  8:00:00 AM CT
 Fri 4/20/2001 at  3:00:00 PM PT thru Mon 4/23/2001 at  6:00:00 AM PT
 Fri 4/20/2001 at  11:00:00 PM London thru Mon 4/23/2001 at  2:00:00 PM London
Outage:  SysAdmiral Maintenance
Environments Impacted:  SysAdmiral Users
Purpose: SysAdmiral terminal server icons on General Cluster will not be
available due to maintenance.
Once the maintenance is completed the icons will point to the new 2.3.11
production and development environments.
Backout:  None
Contact(s):  Rusty Cheves  713-345-3798

SITARA:  No Scheduled Outages.

SUN/OSS SYSTEM: No Scheduled Outages.

TELEPHONY: No Scheduled Outages

TERMINAL SERVER:  No Scheduled Outages.

UNIFY:       SEE ORIGINAL REPORT

------------------------------------------------------------------------------
-----------------------------------------------
        FOR ASSISTANCE

(713) 853-1411   Enron Resolution Center

Specific Help:
Information Risk Management   (713) 853-5536
SAP/ISC
        (713) 345-4727
Unify On-Call      (713) 284-3757  [Pager]
Sitara On-Call     (713) 288-0101  [Pager]
RUS/GOPS/GeoTools/APRS   (713) 639-9726  [Pager]
OSS/UA4/TARP    (713) 285-3165  [Pager]
CPR      (713) 284-4175  [Pager]
EDI Support      (713) 327-3893  [Pager]
EES Help Desk     (713)853-9797 OR (888)853-9797


Louise,

First - congratulations on the new baby!  Life has just changed big time in case you haven't already noticed (I have 3 daughters myself).  Best wishes on your new addition.

Second - I wanted to test your interest on being the exec lead for Carnegie-Mellon Associate Recruiting this fall.  I've been assuming (maybe incorrectly) that with your new responsibilities (home and work) that you might pass on it this year - but I want that to be your decision.  If you want to do it, we certainly would appreciate your help.  If you can't do it, I'd appreciate any recommendation you might have for a replacement.  I'd prefer a senior level (VP or above) alum, if possible.  I'll find someone if no names come to mind immediately.

Take care and I hope all is well,
Billy


Audrey D. Robertson
Transwestern Pipeline Company
email address:  audrey.robertson@enron.com
(713) 853-5849
(713) 646-2551 Fax

-----Original Message-----
From: Madeleine Cardoso [mailto:madeleine.cardoso@travelpark.com]
Sent: Thursday, October 25, 2001 10:40 AM
To: Robertson, Audrey
Subject: RE: REVIEW AND APPROVE KIMBERLY WATSON ITINERARY FOR 05 NOV.
TRAVEL

                                          AGENT MC/MC BOOKING REF Y6O46F

                                          WATSON/KIMBERLY
                                          EB SUITE 4145K

  ENRON CORP

  DATE:  OCT 25 2001

SERVICE               DATE  FROM           TO             DEPART  ARRIVE

CONTINENTAL AIRLINES  05NOV HOUSTON TX     ALBUQUERQUE NM 540P    645P
CO 149     Q          MON   G.BUSH INTERCO INTL
                            TERMINAL C
                                                          NON STOP
                            RESERVATION CONFIRMED         2:05 DURATION
                  AIRCRAFT: BOEING 737-300

CAR                   05NOV NATIONAL               ALBUQUERQUE NM
                      06NOV CONFIRMATION: 106757263AISLE
                            TELEPHONE: (505) 842-4222
                            FAX: (505) 842-4055
                            INTERMED CAR AUTOMATIC AIR
                            RATE: USD39.00DY-UNL MI
                            RATE QUOTED
                            BASE RATE: *ZL*USD39.00 BR-1DY
                            PICK-UP: ALBUQUERQUE INTERNATIONAL AIRPORT
                            DROP-OFF: ALBUQUERQUE INTERNATIONAL AIRPORT

HOTEL                 05NOV HYATT REGENCY ALBUQUERQUE
                      06NOV 330 TIJERAS N.W
                            ALBUQUERQUE, NM 87102
                            UNITED STATES OF AMERICA
                            TELEPHONE: 1-505 8421234
                            FAX: 1-505 7666710
                            CONFIRMATION: HY0016443182
                            REFERENCE: ROMPREF
                            SINGLE ROOM
                            RATE: ENR USD 169.00 PER NIGHT
                            GUARANTEE GIVEN
                            ENRON CORP RQST NONSMKG KING
             TO AVOID BILLING CANCEL BY 6PM DAY OF ARRIVAL.
    LOWER HOTEL RATES MAY BECOME AVAILABLE. PLEASE INQUIRE AT CHK IN

MESA AIRLINES         06NOV ALBUQUERQUE NM ROSWELL NM     800A    850A
YV 406     B          TUE   INTL           INDUSTRIAL
                                                          NON STOP
                            RESERVATION CONFIRMED         0:50 DURATION
                            FLIGHT OPERATED BY ZV AIR MIDWEST
              COCKPIT CREW: ZV  AIR MIDWEST
                CABIN CREW: ZV  AIR MIDWEST
                  AIRCRAFT: BEECHCRAFT 1900/1900C/1900D

CAR                   06NOV AVIS                   ROSWELL NM
                      06NOV CONFIRMATION: 39703800US3
                            TELEPHONE: 505-347-2500
                            FAX: 505-347-2664
                            INTERMED CAR AUTOMATIC AIR
                            RATE: USD59.99DY UNL .00MI 1DY BASE RATE
                            59.99 UNL
                            RATE GUARANTEED
                            PICK-UP: MUNICIPAL APO ROSWELL NM 88203-8427
                            DROP-OFF: MUNICIPAL APO ROSWELL NM 88203-8427

MESA AIRLINES         06NOV ROSWELL NM     ALBUQUERQUE NM 330P    420P
YV 415     B          TUE   INDUSTRIAL     INTL
                                                          NON STOP
                            RESERVATION CONFIRMED         0:50 DURATION
                            FLIGHT OPERATED BY ZV AIR MIDWEST
              COCKPIT CREW: ZV  AIR MIDWEST
                CABIN CREW: ZV  AIR MIDWEST
                  AIRCRAFT: BEECHCRAFT 1900/1900C/1900D

CAR                   06NOV NATIONAL               ALBUQUERQUE NM
                      07NOV CONFIRMATION: 106757280AISLE
                            TELEPHONE: (505) 842-4222
                            FAX: (505) 842-4055
                            INTERMED CAR AUTOMATIC AIR
                            RATE: USD39.00DY-UNL MI
                            RATE QUOTED
                            BASE RATE: *ZL*USD39.00 BR-1DY
                            PICK-UP: ALBUQUERQUE INTERNATIONAL AIRPORT
                            DROP-OFF: ALBUQUERQUE INTERNATIONAL AIRPORT

HOTEL                 06NOV HYATT REGENCY ALBUQUERQUE
                      07NOV 330 TIJERAS N.W
                            ALBUQUERQUE, NM 87102
                            UNITED STATES OF AMERICA
                            TELEPHONE: 1-505 8421234
                            FAX: 1-505 7666710
                            CONFIRMATION: HY0016443224
                            REFERENCE: ROMPREF
                            SINGLE ROOM
                            RATE: ENR USD 169.00 PER NIGHT
                            GUARANTEE GIVEN
                            ENRON CORP RQST NONSMKG KING
             TO AVOID BILLING CANCEL BY 6PM DAY OF ARRIVAL.
    LOWER HOTEL RATES MAY BECOME AVAILABLE. PLEASE INQUIRE AT CHK IN

CONTINENTAL AIRLINES  07NOV ALBUQUERQUE NM HOUSTON TX     1130A   230P
CO 150     Q          WED   INTL           G.BUSH INTERCO
                                           TERMINAL C
                                                          NON STOP
                            RESERVATION CONFIRMED         2:00 DURATION
                  AIRCRAFT: BOEING 737-300
                            SEAT 07D NO SMOKING CONFIRMED WATSON/KIMBERLY
LY

RESERVATION NUMBER(S)  CO/UC6W5W  YV/INLEQR

WATSON/KIMBERLY  S0C0179R1110

CO  FREQUENT FLYER COAJ295722
YV  FREQUENT FLYER COAJ295722/NO AGREEMENT
*******************************************
INTL TVLRS: CARRY SOS WALLET CARD W/ENRON ASSISTANCE INFO
CALL SOS MEDICAL EMERGENCY:IN U.S 800 523-6586
CALL SOS MEDICAL EMERGENCY:INTL 215 245-4707 (COLLECT)
*********************************************
AIRFARE ON THE CONTINENTAL PORTION...$156.25 NON-REFUNDABLE.
AIRFARE ON THE MESA AIRLINES PORTION...$314.00.
ALL FARES ARE SUBJECT TO CHANGE UNTIL TICKETED/PURCHASED


Patrick,

Please, contact Zimin Lu, 713 853 6388.

Vince

Patrick Markey
11/21/2000 05:15 AM
To: Vince J Kaminski/HOU/ECT@ECT
cc: Patrick Markey/HOU/ECT@ECT
Subject: Enron Exotica Options Library

Vince,

I am trying to price a crack spread option utilizing either of the following
models in the Exotica Library:

1. Spread Options by 1-D integration - SPRDOPT

2. Spread Options on Asian Spreads - ASNSPRD

How do I get access to these options models?  Who can I visit with in the
Houston group if I have any questions regarding the models.  Your help would
be greatly appreciated.  I am located in Singapore, so I would probably be
visiting with the Houston personnel via e-mail.

Thanks,

Pat Markey

P.S. - I have access to the O:\research\exotica\xll\xll_templates\ directory;
however, there are no macros associated with the programs that I can find.
Also, I don't have access to the M: drive.  Please let me know where to find
these options models.


Oneal Chris Sanders 4
E. Bass Watson 1


FYI.  ILY.  SYTN.  JTW.

-----Original Message-----
From: Bill@bkspeaks.com [mailto:Bill@bkspeaks.com]
Sent: Monday, October 29, 2001 3:30 PM
To: ordinarylife@yahoogroups.com
Subject: [ordinarylife] Summary of October 28, 2001

ORDINARY LIFE - Thoughts and Ideas to Help You Live a Happier Life

======================================

Summary of October 28, 2001

======================================

Dear Folks ?

   Already I have heard from a number of folks what an outstanding job
Michael Butera did yesterday in the Ordinary Life gathering. He always
does. It is impossible to provide a summary of what he did. Though he
speaks from deep preparation, little of what he says is on paper. There
will be a tape available of his presentation.

   His topic was fear and how to deal with it. These are certainly
fearful times.

   This seems to be true on both personal and global levels.

   On my own personal level, the eye surgeon discovered scar tissue
growing on my retina last week. This is a possible side-effect of the
surgeries I've had. If this scar tissue can't be dealt with by
medication, I'll have to have more eye surgery.

   On our national and global levels, things are out of control.

   Let me recommend to you a couple of resources to draw on for these
troubling times.

   One is a book that you might want to be reading as we continue to
speak about our spiritual journey in light of our present national and
global context. The book is "When Things Fall Apart: Heart Advice for
Difficult Times" by Pema Chodron. One of her points is that the very
effort to find a safe and secure place is what causes us so much
suffering. This book will both challenge and comfort you.

   The other resource is to visit a web site where you can find two
talks by Thich Nhat Hanh. One is a sermon he gave at Riverside Church
right after the 9/11 attacks. The other is an interview he gave
entitled "If I Could Talk With Osama Bin Laden." You can find all of
this at

http://www.plumvillage.org

   I look forward to seeing you this coming Sunday.

Much love,

Bill Kerley

++++++++++++++++++++++++++++++++++++++

Ordinary Life is a gathering that provides an opportunity to develop an
enlightened heart and an awakened mind to the reality of the present
moment.

The gathering meets on Sunday mornings at 9:45 am in Fondren Hall at
St. Paul's UMC - 5501 South Main, Houston, Texas and is taught by Dr.
Bill Kerley. If you would like more information -

Contact

Bill Kerley -

E-Mail - Bill@bkspeaks.com
Web - www.bkspeaks.com
Voice - 713-663-7771
Fax - 713-663-6418
Mail - 6300 West Loop South, Suite 480 Bellaire, TX  77401
==============================
You can access the archives of these newsletters by going to

http://groups.yahoo.com/group/ordinarylife

You can add someone you know would be interested in receiving these on-
line newsletters by sending that information to -

Bill@bkspeaks.com

I'll make sure they are added immediately!

Or, they can subscribe themselves by sending an e-mail directly to

Ordinarylife-subscribe@yahoogroups.com

You can unsubscribe to this newsletter by sending an e-mail to

ordinarylife-unsubscribe@yahoogroups.com
================================
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January 3, 2002

Dear Flycheap.com Member:

You are receiving this email because you are a registered user
of Flycheap.com and have indicated that you would like to
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I got it thanks!!!

Samantha M. Boyd
Sr. Legal Specialist
Enron North America, Corp.
1400 Smith, EB3802A
Houston, TX  77002
Phone:  (713) 853-9188
Fax:  (713) 646-3490
email:  samantha.boyd@enron.com


Please add to my calendar
 -----Original Message-----
From: 	Stark, Cindy
Sent:	Thursday, October 25, 2001 10:26 AM
To:	Ambler, John; Dowd, Stephen; Gadd, Eric; Porter, Gregory J.; Goodpasture, John; Hill, Robert; Place, Janet; Martin, Jerry D.; Rice, Randy; Nelson, Mike; Pribble, Dan; Kilmer III, Robert; Miller, Mary Kay; McCoppin, Dorothy; Hayes, Robert; Neubauer, Dave; Harris, Steven; McGowan, Mike W.; Peters, Jerry; Saunders, James; Shafer, John; Keller, John R.; Smith, Gary; McCarty, Danny; Lowry, Phil; Hartsoe, Joe; Hayslett, Rod; Hotte, Steve; Fossum, Drew; Corman, Shelley; Cordes, Bill
Cc:	Galvan, Carla; Jolibois, Anne; Call, Josie; Smith, Ann; Prizont, Karina; Waser, Iris; Svatos, Dee; Wadle, Susan; Robertson, Audrey; Paschal, Zelda; Gallishaw, Melinda; Alexander, Betty; Ladish, Kim; Kudym, Judy; Kovalcik, Tammy; Cappiello, Deborah; Garza, Sarita; Carnes, Molly; Perry, Carolyn; Armstrong, Julie; Alder, Amelia; Campos, Kathy; Mann, Ruth; Houser, Rita; Sellers, Emily; Winters, Ricki; Benner, Martha
Subject:	2002 ETS Half-Day Staff Meeting Schedule
Importance:	High

Following is our schedule for next year's meetings, which will all take place in 49C2 video conference room from 8:30AM to 1:00PM.   Please mark your calendars.

February 13, 2002
April 10, 2002
June 12, 2002
August 14, 2002
October 9, 2002
December 11, 2002

And don't forget, we have more meeting left this year, December 12, 2001.

Let me know if you have any questions or concerns.

Cindy Stark
Executive Assistant to Stan Horton
Tel:   713/853-6197
Fax:  713/345-7047
Cindy.Stark@enron.com


---------------------- Forwarded by Dana Davis/HOU/ECT on 04/28/2000 04:40 PM
---------------------------

	Enron North America Corp.

	From:  Dana Davis                           04/19/2000 09:21 AM

To: Choirmats@aol.com, cashley@poha.com, cmontgomery@kmg.com,
wmontg@juno.com, Joya Davis/HOU/ECT@ECT, Beverly F Lakes/HOU/ECT@ECT,
witness4him@aol.com
cc:
Subject: Bible Verses

---------------------- Forwarded by Dana Davis/HOU/ECT on 04/19/2000 09:18 AM
---------------------------

	Enron North America Corp.

	From:  Dana Davis                           04/11/2000 11:48 AM

To: Rufino Doroteo/HOU/ECT@ECT
cc:
Subject:


Nancy,

I've discovered a basis book with the attribute problem we corrected for the
Physical book below.  INTRA-EMWNSS1-BAS was set up to replace IM-EMWNSS1-BAS
for credit purposes.  However, the correct region code is still being applied
to the old book.  Here's what I need to happen.

BOOK ID   CURRENT REGION CODE  CORRECT REGION CODE

INTRA-EMWNSS1-BAS MIDWEST    MDWEST

IM-EMWNSS1-BAS  MDWEST    MDWEST_OLD (This region code really doesn't matter
as long as it does not                               duplicate a currently
used region code.)

Let me know if you have any questions.

Thanks for your help,
Robin

---------------------- Forwarded by Robin Rodrigue/HOU/ECT on 02/15/2001
10:17 AM ---------------------------

Robin Rodrigue
02/12/2001 04:46 PM
To: Nancy Hernandez/NA/Enron@ENRON
cc: Chris Abel/HOU/ECT@ECT, Burton McIntyre/HOU/ECT@ECT, Susan D
Trevino/HOU/ECT@ECT
Subject: Re: FT-IM-ENOV-PHY

Nancy,

The new attributes you have assigned to the IM-EMWNSS2-PHY  book are
duplicating the attributes of the INTRA-EMWNSS1-PHY book.  Per my original
request please change the region code for IM-EMWNSS2-PHY to Midwest_Old,
since it is my understanding from Burton that this book should no longer be
used.

If you have any more questions, give me a call.
Robin

	Enron North America Corp.

	From:  Nancy Hernandez @ ENRON                           02/12/2001 04:33 PM

To: Robin Rodrigue/HOU/ECT@ECT, Burton McIntyre/HOU/ECT@ECT, Susan D
Trevino/HOU/ECT@ECT
cc: Chris Abel/HOU/ECT@ECT
Subject: FT-IM-ENOV-PHY

Robin:

Per your request, the attributes on FT-IM-ENOV-PHY have been changed as
follows

	Portfolio Code	Book Code	Book Type	Book Flag	Commodity	Region Code
OLD ATTRIBUTES	1	E	M	P	NG	MIDWEST
NEW ATTRIBUTES	P	A	M	P	NG	MIDWEST

In order to prevent duplicate book attributes,  IM-EMWNSS2-PHY attributes
were also changed as follows:

	Portfolio Code	Book Code	Book Type	Book Flag	Commodity	Region Code
OLD ATTRIBUTES	P	A	M	P	NG	MIDWEST
NEW ATTRIBUTES	P	A	M	P	NG	MIDWEST1

These changes will properly report the ERMS positions in the FT-IM-ENOV-PHY
book as apposed to IM-EMWNSS2-PHY, which should have no positions.

If you have any questions, please call me at ext 54751

Nancy


Member Services
Notice No. MS-26
May 1, 2001

COMMODITY EXCHANGE, INC.

 NOTICE OF INTENTION TO TRANSFER MEMBERSHIP

Notice of Intention to Transfer Membership has been posted on the bulletin
board of the Exchange by:

Margaret McGrath
(ING (US) Securities, Futures & Options, Inc.)

In connection therewith, notification of any claims against the
aforementioned individual arising out of transactions executed on the
Exchange up to the close of business on April 30, 2001, must be submitted to
the Corporate Secretary's Office within ten (10) days.

TERMINATION OF CLEARING/MEMBER FIRM PRIVILEGES

Please be advised that effective immediately, April 30, 2001, ING (US)
Securities, Futures & Options, Inc. has voluntarily terminated its
clearing/member firm privileges.

CHANGE OF AFFILIATION

Please be advised that effective immediately, April 30, 2001, William
Bongiorni will no longer be affiliated with ING (US) Securities, Futures &
Options, Inc.  However, Mr. Bongiorni will remain a member affiliated with
ABN AMRO Incorporated.

Inquiries regarding the above should be directed to the Member Services
Department at (212) 299-2370.

__________________________________________________
Please click on the link below to indicate you have received this
email.

"http://208.206.41.61/email/email_log.cfm?useremail=sara.shackleton@enron.com&
refdoc=(MS-26)"

Note: If you click on the above line and nothing happens, please copy
the text between the quotes, open your internet browser,
paste it into the web site address and press Return.


Dear Sally,

Since we may not be able to have our bi-weekly meeting, I thought I'd let you
know what's going on:

DPR
I'm working with London to determine how to report the MG DPR to us.  Nothing
has been decided yet as we are waiting on the risk management policies & risk
limits from our guys in London.
As you know, plenty of V@R questions have been coming our way, and are
somewhat difficult for Mike's team to answer.  I talked with Eugenio and he
is in the process of putting together some V@R analytics/graphs Mike's guys
can easily create to answer simpler V@R questions.
Burton, a book analyst in Brent's group is coming back to Mike's DPR group to
support Gary Stadler and work on the benchmark reports and curve
validations.  Jenifer Bagwell has taken Burton's place in Brent's group.

A while back, Eugenio created a database to capture information and allows
book & commodity analysis.  He has been showing this to Business Unit
controllers & the RAC group, but has not distributed it yet, due to security
issues.  Currently, the database does not restrict different users to
different commodities (power people can see gas and vice versa).  It will
slow down the database considerably if these restrictions are put in, but it
may be necessary.  I think the business controllers would not share the
information with commercial, but I'm not sure about the analysts in the RAC
group.  I'd like to get your opinion on this.

Doorstep
I've updated the presentation to include places and planned visits for
offices previously not visited and second offices visits for the next year
Donna, Ted, Richard L. and I have a meeting scheduled to go over the follow
up of the first visits - I'll update you after the meeting.

Hope you had a good vacation!

Regards


---------------------- Forwarded by Eric Bass/HOU/ECT on 01/06/2000 02:17 PM
---------------------------
From: Lenine Jeganathan on 01/06/2000 10:20 AM
To: Eric Bass/HOU/ECT@ECT
cc:
Subject: follow thi link

http://www.altavista.com/cgi-bin/query?pg=q&sc=on&q=register+domain&kl=XX&styp
e=stext


<!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN">

<META HTTP-EQUIV="Content-Type" CONTENT="text/html; charset=iso-8859-1">

<title>Untitled Document</title>

<meta content="MSHTML 6.00.2479.6" name=GENERATOR>

Sunday, Febuary 3, 2002

<!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN">

              <form id=form name=form
              action=http://www.tm01.com/tmservices/forward.asp method=get>

              </form>

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I agree with your & Kay's comments.
;
Section 6 "Free Opiton" is nothing more than a wish the City put on the table
for the first time this past Wednesday.; They have no intention of creating a
utility nor do they envision being a power marketer.; I agree - omit it from
the draft.
;
The City is envisioning there is a possiblity the facilty will be expanded in
the future (which is what Coastal has been;discussing with them regarding
their phased SC/CC approach), and as such, is willing to have future
expansion language in the doc (Debbie's 4b).;;The City's position is that
there are no guarantees the facility will be given the approvals in the
future for expansion (new commission, change of law, etc) and that the
language might be of some benefit.; Should we elect to remain quiet, they
will agree.
;
The City is looking for an initial up front payment of $1.5mm this September
01, which was Pompano's initial position as well - another wishful thought.;
I agree with the proposed changes to 3 "prior to the end of the calendar year
in which DBEC received its building permit" the payment will be made.
;
Steve

-----Original Message-----
From: Jacoby, Ben
Sent: Wed 5/30/2001 9:55 PM
To: Mann, Kay; Krimsky, Steven
Cc:
Subject: RE: Deerfield development agreement

Kay / Steve:

Attached are my comments. I've tried to address Kay's concerns below, and
agree with them wholeheartedly. From a commercial perspective, paragraph 6 is
a non-starter.

Let's discuss. Thanks.

Ben

<<ENRON-DEERFIELD AGREEMENT 5-30-01 (marked).DOC>>

 ;-----Original Message-----
From: ; Mann, Kay;
Sent:;; Wednesday, May 30, 2001 6:36 PM
To:;;;; Krimsky, Steven; Jacoby, Ben
Subject:;;;;;;; Deerfield development agreement

 Here are my initial comments:

 There's no clear triggering event which would expedite the internal approval
process.; For instance, paragraph 3 is a current obligation (re
landscaping).; It would be easier to process this agreement if the
effectiveness of this agreement commences when we; file for a building
permit.; I understand that we would have to pay some of this prior to the
time the permit is issued, but again, magic words help.

 Paragraph 6 on right of first refusal for power.; Looks like a free call for
the next 30 years.; Just want to make sure you've bought in on this.; Other
than the obvious valuation impact, it could impact a purchaser's ability to
obtain project financing.

 Kay


Start Date: 4/21/01; HourAhead hour: 18;  No ancillary schedules awarded.
Variances detected.
Variances detected in Generation schedule.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001042118.txt

---- Generation Schedule ----
*** Final schedule not found for preferred schedule.
     Details:

  TRANS_TYPE: FINAL
  SC_ID: HARBOR
  MKT_TYPE: 2
  TRANS_DATE: 4/21/01
  UNIT_ID: HARBGN_7_UNITS
$$$ Variance found in table tblGEN_SCHEDULE.
     Details: (Hour: 18 / Preferred:  13.00 / Final:  12.89)
  TRANS_TYPE: FINAL
  SC_ID: Wheelabrat
  MKT_TYPE: 2
  TRANS_DATE: 4/21/01
  UNIT_ID: MARTEL_2_AMFOR


---------------------- Forwarded by Diane Salcido/Corp/Enron on 11/20/2000
05:52 PM ---------------------------

Flavia Negrete
11/20/2000 03:01 PM
To: Diane Salcido/Corp/Enron@Enron, Josephina Negrete/GPGFIN/Enron@ENRON
cc:

Subject: Re: [Fwd: Who do you love?]

---------------------- Forwarded by Flavia Negrete/NA/Enron on 11/20/2000
02:59 PM ---------------------------

Veronica Perez

09/06/2000 02:00 PM

To: Crystal Reyna/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Flavia
Negrete/NA/Enron@Enron
cc: Sarah Reyna@ECT, Eva Hernandez/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT,
Yvette Pinero/NA/Enron@Enron, Maria Julian@EES, Grisela
Escamilla/NA/Enron@Enron, Linda Escamilla@Enron, Rocsie J
Sanchez/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Flavia Negrete/NA/Enron@Enron,
Luly Stephens/NA/Enron@Enron, G G Garcia@Enron

Subject: Re: [Fwd: Who do you love?]

	enron india

	From:  Crystal Reyna @ ENRON_DEVELOPMENT                           09/06/2000
01:50 PM

To: "Jennifer Cutaia" <jcutaia@tupac.com> @ ENRON
cc: Veronica Perez/NA/Enron@Enron, Grisela Escamilla/NA/Enron@Enron, Debra S
Johnson/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Sarah Reyna@ECT, Hannah
Ortiz@ECT, Gracie Garay/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT

Subject: Re: [Fwd: Who do you love?]

"Jennifer Cutaia" <jcutaia@tupac.com> on 09/06/2000 01:23:55 PM
To: Judy.Hernandez@enron.com, Silvia.Garcia@viatel.com,
RosiePelzer@altavista.com, Crystal.Reyna@enron.com, Norma.Chavez@enron.com,
Laura_Tietje@yahoo.com, Steve.Jacobo@enron.com
cc:

Subject: [Fwd: Who do you love?]

>From: "Judy Hernandez" <Judy.Hernandez@enron.com>
>Date: Wed, 6 Sep 2000 11:42:01 -0500
>Subject: Who do you love?
>
>
>
>
>---------------------- Forwarded by Judy Hernandez/HOU/ECT on 09/06/2000
11:39
>AM ---------------------------
>
>
>Shauncy Mathews
>09/06/2000 11:17 AM
>
>To:   Judy Hernandez/HOU/ECT@ECT, Lisa Shoemake/HOU/ECT@ECT, Leslie
>      Smith/HOU/ECT@ECT, Melissa Rodriguez/HOU/ECT@ECT, Pamela
>      Sonnier/HOU/ECT@ECT, Andrea R Guillen/HOU/ECT@ECT, Elida
>      Aguilar/Corp/Enron@Enron
>cc:
>Subject:  Who do you love?
>
>
>---------------------- Forwarded by Shauncy Mathews/HOU/ECT on 09/06/2000
11:14
>AM ---------------------------
>
> (Embedded      (Embedded image moved to file:
> image moved to pic21351.pcx)
> file:          Elida Aguilar @ ENRON
> pic24738.pcx)  (Embedded image moved to file:
>                pic25824.pcx)
>                09/06/2000 10:48:45 AM
>                (Embedded image moved to file:
>                pic07564.pcx)
>
>
>
>
>To:   Denissa Arredondo/Corp/Enron@Enron, Lori Boutte/Corp/Enron@Enron,
>      Albernita Travis/Corp/Enron@Enron, Donna Ruff/Corp/Enron@ENRON, Shauncy
>      Mathews/HOU/ECT@ECT, Bernadette Salazar/Corp/Enron@Enron,
>      Bheiman@worldnet.att.net, PFlores@corestaff.com, Aubrey
>      Williams/Corp/Enron@Enron, Chris Littlejohn/Corp/Enron@Enron
>cc:
>Subject:  Who do you love?
>
>
>----- Forwarded by Elida Aguilar/Corp/Enron on 09/06/2000 10:47 AM -----
>|--------+----------------------->
>|        |          Patricia     |
>|        |          Flores       |
>|        |          <PFlores@core|
>|        |          staff.com>   |
>|        |                       |
>|        |          09/06/2000   |
>|        |          10:36 AM     |
>|        |                       |
>|--------+----------------------->
>  >--------------------------------------------------------|
>  |                                                        |
>  |      To:                                               |
>  |      cc:                                               |
>  |      Subject:                                          |
>  >--------------------------------------------------------|
>
>
>
>
>(See attached file: Who do YOU Love_.doc)

------------------------------------------------------------
Visit the Tupac Shakur website at http://www.tupac.com
Play "Who Wants To Be A Tupac Fan" and win big!
http://www.tupac.com/win.shtml

 - pic24738.pcx
 - pic21351.pcx
 - pic25824.pcx
 - pic07564.pcx
 - Who_do_YOU_Love_.doc


Oh....the old profit and loss.  I haven't had to deal with that nightmare
since
MBA, which I can say I am happy about.  No, I did not throw away any pictures
of
you.  Just Tom and the 2 I have of Justin (a.k.a. ass).  I would never do
that!!
Should I even toy with the statement "things would be alot different"?  Just
kidding!!  No, I am sure we would be the best of friends like always.  Hey, do
you still have that picture your mom took of us forever ago?  Back in the day?
Just curious....sometimes I like to see how much I have aged!  About coming
home, I have no immediate plans for a visit.  I have been swamped.  My wedding
plans are coming along good and I am getting ready to move into Jason's (Dad
is
not too happy about that one).  I think I will be in there by the second week
of
May.  Anyhow, as soon as some time frees up I will come home.  When I do, do
you
think you really will have a free schedule.....doubt that one!!  Family life
(I
am sure) keeps you busy.  Hopefully this time I will be able to see your
little
one.  OK, I am going to say one more thing I shouldn't (but what the
heck).....Ashley gave me a picture of me holding Jackson and I couldn't help
but
wonder what if.  Sorry if that is bad.....but one day all of that will be
gone.
Jason is completely wonderful..

Phillip.M.Love@enron.com
04/17/2000 08:18 PM GMT

To:   Rachel M. Bonilla@Andersen Consulting
cc:
Subject:  Re: Hey

Profit and Loss.  I forgot that you are in the touchy feely are of
corporate life.  The new position is very challenging and educational so
far.
I just found out that the last rockets game is on Wednesday of this week
and I have my softball league on that night.  I guess I will have to record
it and watch it later.  Oh, Well.
That is great about Kelly.  We have no immediate plans to add to the
family.  The one is keeping us plenty busy as it is.
I hope you didn't throw out any pictures of me last night(that would be
rude).  I am sure if we lived closer that things would be a lot different
and we would interact a lot more(outta site outta mind).
Do you have any plans to come back to town anytime soon?  Be sure and give
me some notice so that I can clear the old schedule.  Talk to you soon.
PL

rachel.m.bonilla@ac.com on 04/17/2000 11:37:25 AM

To:   Phillip.M.Love@enron.com
cc:
Subject:  Re: Hey

OK, not to be stupid but...what are P&Ls???  I suppose the management
consulting
world does not use that.  Well, I guess I figured that you would be staying
in
Houston.  Are you happy in your new position?  If you ever did come up
here, it
would be fabulous!!  Maybe we will settle on visits for now.

Dad would be really happy to go to the Rockets last game.  They were in
town
here last Tues., but I was in Seattle for work.

How are you liking your new house?  Are you and Ashley planning on any more
kids?  Any time soon?  Kelly Houge is preg. and is due November 28.  It
will be
weird not having her at my wedding.....

I was going through pictures last night....throwing out the ones that had
ex-boyfriends in them....and thought of you.  Not the ex-boyfriend
part...but I
did run into pics with you in them.  I really wish that we could be more a
part
of each other's lives.  It would be fun....maybe one day you really will
take a
job out here.  Wishful thinking I suppose!!

Rachel

Tell Jimmy hi for me!!  Is he dating??

Phillip.M.Love@enron.com
04/11/2000 05:50 PM GMT

To:   Rachel M. Bonilla@Andersen Consulting
cc:
Subject:  Re: Hey

I got jimmy on last October.  He seems to be enjoying it.

The new stadium is phenomenal.  It really looks like an old time park.  I
need to call you dad and see if he wants to go to the rockets season
finale.  Rumor has it that Charles is going to play so that he can walk off
the court on his own power.

I just took another job within enron working for the east desk doing daily
gas P&L's.  Should be challenging with high exposure.  So, it looks like we
will not be coming to denver any time soon, with the exception of this
fall.

Your dad did look a little different, but I got used to it pretty quick.  I
am sure it will be a little more difficult for you.  Take care.
PL

rachel.m.bonilla@ac.com on 04/10/2000 10:11:36 AM

To:   "Phillip M Love" <Phillip.M.Love@enron.com>
cc:
Subject:  Hey

Hey!!  So, how is the new field?  Were you able to make it on opening day?
My
parents really enjoyed it.  Speaking of, what do you think of my Dad
without any
facial hair?  They are coming up to visit this month and I am afraid to see
him!!

I noticed that Jimmy (from your email) is working for Enron...when did this
happen?

Are you still looking to transfer here....hurry up!!!!!


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Vince,

I am just trying to make sure that all of the data is clean for your PRC meeting on Wednesday, and noticed that although Shane Green and Chris Pernoud are both specialist, Shane is Commercial Support (CS) and Chris is Specialized Technical (ST).  Please let me know if this is correct or if they should both either be ST or CS.  I am assuming that they should both be CS since the Sr. Specialist are all ST.  Additionally, I just wanted to let you know that the following people will not be rated during the meeting because their hire date was after December 31, 2000:
Anguel Grigorov
Wichai Narongwanich
Chris Pernoud
Leann Walton

Finally, please verify that you do want to do rank the assistants tomorrow.  As you know, ranking the assistants is not required, but is a business unit leader decision.

Thanks,
Anne Labbe'


diastema (die-uh-STEE-mah) noun, plural diastemata

   A gap between two adjacent teeth.

[Late Latin, from Greek diastema, interval, from diiastanai, to put apart.]

WordPix: http://wordsmith.org/words/diastema.gif

   "The rock band Space Girls has made diastema cool--no wonder teenage
   girls are flocking to dentists to have their teeth spaced."

This week's theme: WordPix, words drawn so that they explain themselves.

............................................................................
Many individuals have, like uncut diamonds, shining qualities beneath a
rough exterior. - Juvenal, poet (c. 60-140)

Ralph Waldo Emerson once said, "Language is a city to the building of which
every human being brought a stone." Invite your friends and family to join
in the quest by sending a gift subscription of A.Word.A.Day. It is free!
http://wordsmith.org/awad/gift.html

Pronunciation:
http://wordsmith.org/words/diastema.wav
http://wordsmith.org/words/diastema.ram


The revised eSpeak schedule is attached for your review.  FYI -- Jeff has
taken Ken's spot on Wednesday, March 8. and Ken will host on Thursday, April
13.

We hope you have a wonderful weekend!

The eThink Team


We are set up for the meeting on Operational Risk on February 6th at 3:00
pm.  We have a room booked at the Sheraton with a set up similar to the
Houston meeting.  I have invited three people from the accounting department
to attend as well.  Laura Scott, Cheryl Dawes, and Dave Hanslip will be the
attendees from accounting.  Everyone is looking forward to meeting with you
to discuss this issue.  So far, the weather is still mild.  Talk to you soon.
Peggy


i think we're getting 2 meetings confused (my fault).  mike, would you set up a PG&E/SCE coordination meeting (my assistant is sick today)?  anytime except 2-3 or 4-5 is good for me.

 -----Original Message-----
From: 	Tribolet, Michael
Sent:	Friday, October 26, 2001 10:43 AM
To:	Steffes, James D.; Williams, Robert C.
Cc:	Sanders, Richard B.; Mellencamp, Lisa; Dasovich, Jeff
Subject:	RE: SCE Stipulation

Can do, where?.

 -----Original Message-----
From: 	Steffes, James D.
Sent:	Friday, October 26, 2001 10:21 AM
To:	Williams, Robert C.
Cc:	Sanders, Richard B.; Tribolet, Michael; Mellencamp, Lisa; Dasovich, Jeff
Subject:	RE: SCE Stipulation

How about 2:30 CST?  Jim

 -----Original Message-----
From: 	Williams, Robert C.
Sent:	Friday, October 26, 2001 10:00 AM
To:	Steffes, James D.
Cc:	Sanders, Richard B.; Tribolet, Michael; Mellencamp, Lisa; Dasovich, Jeff
Subject:	RE: SCE Stipulation

i think we've sent a markup to SCE.  i am available today and agree it would be a good idea to meet.  BTW are you available for a call today at 2 CST to discuss strategy for the mon meet and confer with SCE?

 -----Original Message-----
From: 	Steffes, James D.
Sent:	Friday, October 26, 2001 9:38 AM
To:	Williams, Robert C.
Cc:	Sanders, Richard B.; Tribolet, Michael; Mellencamp, Lisa; Dasovich, Jeff
Subject:	SCE Stipulation

Bob --

Where do we stand on the SCE stipulation?  I want to make sure that our push in SCE doesn't conflict or contradict something we are doing in the PG&E discussions.

Can we meet today?

Jim


Ann Duvall
P.O. Box 6854
Ketchum, ID 83340
ann@consulair.com

To Mr. Ken Lay,

I'm writing to urge you to donate the millions of dollars you
made from selling Enron stock before the company
declared bankruptcy to funds, such as Enron Employee
Transition Fund and REACH, that benefit the company's
employees, who lost their retirement savings, and provide
relief to low-income consumers in California, who can't
afford to pay their energy bills.  Enron and you made
millions out of the pocketbooks of California consumers
and from the efforts of your employees.

Indeed, while you netted well over a $100 million, many of
Enron's employees were financially devastated when the
company declared bankruptcy and their retirement plans
were wiped out.  And Enron made an astronomical profit
during the California energy crisis last year.  As a result,
there are thousands of consumers who are unable to pay
their basic energy bills and the largest utility in the state is
bankrupt.

The New York Times reported that you sold $101 million
worth of Enron stock while aggressively urging the
company's employees to keep buying it.  Please donate this
money to the funds set up to help repair the lives of those
Americans hurt by Enron's underhanded dealings.

Sincerely,

Ann Duvall


Thanks for the laugh.  It was perfect.  And FYI "you" are the face i am
holding under water.


NOTE:  YOU WILL RECEIVE THIS MESSAGE EACH TIME YOU ARE SELECTED AS A REVIEWER.

You have been selected to participate in the Mid-Year 2000 Performance
Management process by providing meaningful feedback on specific employee(s)
that have been identified for you.  Your feedback plays an important role in
the performance management process, and your participation is very critical
to the success of Enron's Performance Management goals.

Please provide feedback on the employee(s) listed below by accessing the
Performance Management System (PEP) and completing an online feedback form as
described in the "Performance Management Quick Reference Guide".  You may
begin your feedback input immediately.  Please have all feedback forms
completed by the date noted below.

If you have any questions regarding PEP or your responsibility in the
process, please call the PEP Help Desk at the following numbers:

In the U.S.:  1-713-853-4777, Option 4
In Europe:  44-207-783-4040, Option 4
In Canada:  1-403-974-6724 (Canada employees only)

Or e-mail your questions to:  perfmgmt@enron.com

Thank you for your participation in this important process.

The following list of employees is a CUMULATIVE list of all feedback
requests, by operating company, that have an "OPEN" feedback status.  An
employee's name will no longer appear once you have completed the feedback
form and select the "SUBMIT" button in PEP.

Review Group: ENRON
Feedback Due Date: Jun 09, 2000

Employee Name                   Supervisor Name                 Date Selected
-------------                   ---------------                 -------------
CAMPOS, SYLVIA A                CONSTANCE L SUTTON              May 17, 2000


We need to protect the flows to Citizens on TW.  I know you guys have been working on this, but Citizens continues to receive cuts.  Please secure the supply off of TW.  Let Sempra know that IB Link gas will not do.

Thanks,
Mike