======================================================
VENTUREWIRE --- Monday, November 13, 2000
======================================================
Private Company Business News
------ Published Daily by Technologic Partners -------
http://technologicpartners.com
======================================================

Top Stories:

o eVentures India Gets $150 Million from Softbank, Epartners
o Evite Laying Off 60% of its Workforce, Still Hoping to Sell
o LowerMyBills.com Names Former Intuit CEO Harris to Board
o Australian Government Commits $47.8 Million to Startups

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Also in This Issue:

New Money:
o E-commerce Firm RedSpark Gets $14 Million in First Round
o SS8 Networks Raises $25 Million in Second-Round Funding
o Logistics Technology Firm Velant Raises $7 Million Round One
o Network App Firm XDegrees Raises $8 Million First Round
o Ticket Tech Firm Justarrive Gets $5 Million in First Round
o Wireless Network Firm ReefEdge Raises $6.8 Million Round One
o Fiber-based ICP Scindo Networks Gets $1.6 Million Seed Money
o Broadband Developer Malibu Networks Raises $30 Million
o Cambridge Silicon Radio Raises $34 Million Second Round
o XML App Firm Bowstreet Raises $50 Million Round Four
o Benchmark Storage Holds Third Round Funding for $40 Million
o Business Travel Site I-tinerary Gets $4 Million Second Round
o eDreams, Online Travel Site, Raises $13.8 Million Round
o MyQube Invests In Electronic Control Network Firm FSB
o Next Generation Network Raises $30 Million from CDP
o Optical Chip Firm Integration Associates Raises $9 Million
o Software Firm CES Lands $12 Million in Second Round
o Spike Broadband Systems Raises $47 Million
o TenantDirect.com Raises $9.35 Million Second Round
o TV Programming App Firm Jovio Gets $1.5 Million Round Two
o Embedded  Wireless Devices Raises $20 Million Third Round
o Online Banking Firm CR2 Raises $8 Million in Third Round
o Revenio Raises $27 Million in Third Round of Funding
o Compare and Shop Site Bisanjia Gets $1 Million
o Infrastructure Firm Soneta Gets Funding from Gray Cary
o Video Networking Firm Artel Raises $10.5 Million Round Four
o Valeo Takes 15% Stake in Automotive Application Maker ITF

Bad News:
o Online Brokers' Venue Insureon.com Cuts Over Half its Staff

New Products:
o Claims Web Site ClaimsDesk.com Launches First Product
o IT Products and Service Directory KnowledgeStorm Launches
o Online Idea Exchange Site Ideas.com Launches
o Online Network For Childcare Industry QualKids Launches

New Deals:
o Invite Service Mambo.com Service Shut Down by Parent Company
o DSSI Takes 4% Stake in Noise Reducing Firm Silentium

M&A:
o Sheldahl to Acquire IFT for $30 Million in Stock
o B2B Online Music Source Amplified Acquires OneBigCD
o Vina Technologies Acquires Woodwind Communications

New Directors:
o eSpeed Fulfillment Taps Lawyer, Consultant for Board

New People:
o Datria Systems Names Ex-Colorado Land Developer as CEO

VC Fund News:
o Telesis & Capital Z Convergence Europe in Joint Fund Venture
o Vista Ventures Gets $15 Million for Vista Ventures I IT Fund
o Legend Holdings Plans New Chinese Technology Venture Fund
o Indian Bank of Baroda to Invest in Venture Funds

VC Personnel:
o Columbia Capital Adds Two Partners To Investment Team
o Two Join Patricof As Venture Partners

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======= Top Stories =======

o eVentures India Gets $150 Million from Softbank, Epartners

MUMBAI, India -- eVentures India, an investment
and operating company, said it received $150 million
from previous investors Softbank and epartners.
eVentures India focuses on investing in and developing
Internet and new media related ventures with a significant
Indian component. The company said it will use the
new capital to invest in four areas: Internet-based
software and IT-enabled services, infrastructure,
new technologies in areas like wireless and broadband,
and B2B enabling services. P.K. Mittal, an Indian
industrialist, is also an investor. eVentures India
has committed $65 million to 14 partner companies,
including NetAcross Online Solutions, Netpilgrim,
and Customerasset.com. The company has offices in
Mumbai and New York.
http://www.eventures.co.in/
_____________________________________________

o Evite Laying Off 60% of its Workforce, Still Hoping to Sell

SAN FRANCISCO -- Evite, an online service that specializes
in coordinating and planning activities through
group electronic invitations, said it was laying
off 42 employees, or approximately 60% of its staff,
to bring the company's payroll down to 28 people.
The cuts will eliminate the company's marketing
and business development departments and cut into
product developers and sales significantly. The
company said last week that it was looking for a
buyer and did not expect to be able to hold an IPO.
The company also said last week that it had $17
million, enough cash to last them over one year.
The company said the layoffs would lower its burn
rate and move it closer to profitability. The company
said it is in active discussions with several potential
buyers. Evite is backed by Advent International,
August Capital, Greylock Management, Hikari Tsushin,
North Hill Ventures, Staenberg Venture Partners,
and Technology Crossover Ventures.
http://www.evite.com/
_____________________________________________

o LowerMyBills.com Names Former Intuit CEO Harris to Board

LOS ANGELES -- LowerMyBills.com, which operates
a Web site that enables users to research and compare
their recurring monthly bills, said it named Bill
Harris to its board of directors. Mr. Harris was
recently president and CEO with X.com, but resigned
after six months. Prior to X.com, he served as president
and CEO of personal finance services developer Intuit.
LowerMyBills.com is backed by eCompanies Venture
Group.
http://www.lowermybills.com/
_____________________________________________

o Australian Government Commits $47.8 Million to Startups

SYDNEY, Australia -- The Australian Minister for
Industry, Science, and Resources said that the government
would commit AUS$90.7 million ($47.8 million) to
four venture capital fund managers. The four funds,
Nanyang Ventures, Start Up Australia, Newport CDIB
Fund Management, and Foundation Management, will
also contribute approximately $38.3 million to the
Commonwealth Government's Innovation Investment
Fund. In total, with the funds from the private
equity firms, the government intends to make $86.1
million available for investment in new Australian
technology. In the course of two rounds of the Innovation
Investment Fund, the Australian government and equity
firms have made $188.7 million available to startup
technology companies operating in Australia. Telephone
61-02-6277-7580.

======= New Money =======

o E-commerce Firm RedSpark Gets $14 Million in First Round

SAN FRANCISCO -- RedSpark, which provides applications
and e-commerce services for the manufacturing industry,
said it has raised $14 million in its first round
of funding led by Crosspoint Venture Partners that
included Impact Venture Partners. RedSpark, which
was spun out of Autodesk, said it will use the funds
for deployment of its services. Bob Lisbonne, general
partner of Crosspoint, will join Carol Bartz, the
chief executive officer of Autodesk, and RedSpark
president and chief executive officer Dominic Gallello,
on the company's board of directors.
http://www.redspark.com/
_____________________________________________

o SS8 Networks Raises $25 Million in Second-Round Funding

SAN JOSE, Calif. -- SS8 Networks, which provides
a signalling engine for real-time communications
over IP networks, has received $25 million in second-round
funding, a source close to the company said. Kleiner
Perkins Caufield & Byers participated in the round.
Other details were not made available. Earlier this
year, the company received $10 million in a round
led by Woodside Fund that included CIT Group, Onset
Ventures, and Sofinov.
http://www.ss8networks.com/
_____________________________________________

o Logistics Technology Firm Velant Raises $7 Million Round One

ATLANTA -- Velant, which develops Web-based decision
making software for automating and speeding up transportation
planning, said it closed its first round with $7
million from Matrix Partners and other individual
investors. The company will use the funds to expand
its staff and offices.
http://www.velant.com/
_____________________________________________

o Network App Firm XDegrees Raises $8 Million First Round

MOUNTAIN VIEW, Calif. -- XDegrees, a provider of
infrastructure for network applications, announced
it has launched and raised $8 million in its first
round of funding from Redpoint Ventures and Cambrian
Ventures. The company was founded by Michael Tanne,
the chief executive officer, and Dan Teodosiu, the
chief technology officer. XDegrees has built a secure
scalable infrastructure services that enables enterprise
and consumer application developers to build and
deploy network applications.
http://www.xdegrees.com/
_____________________________________________

o Ticket Tech Firm Justarrive Gets $5 Million in First Round

SAN FRANCISCO -- Justarrive, a university sports
ticket firm that uses magnetic swipe technology
to facilitate ticket purchases and exchanges, said
it has received $5 million from Mohr, Davidow Ventures
and that it will use the funds to develop stadium
entrance technology and to form new partnerships
and fan loyalty systems. Justarrive also announced
it has appointed Ronnie Lott, ex-San Francisco 49er
and NFL Hall of Fame inductee, as the board's second
member.
http://www.justarrive.com/
_____________________________________________

o Wireless Network Firm ReefEdge Raises $6.8 Million Round One

FORT LEE, N.J. -- ReefEdge, a wireless corporate
networking firm, said it has raised $6.8 million
in its first round of funding from co-leads Bessemer
Venture Partners and Columbia Capital. Robert Goodman,
general partner at Bessemer, and Jay Markley, general
partner at Columbia, will join ReefEdge's board
as the third and fourth members. ReefEdge said it
will use the funds to develop its products.
http://www.reefedge.com/
_____________________________________________

o Fiber-based ICP Scindo Networks Gets $1.6 Million Seed Money

DENVER -- Scindo Networks, a fiber-based integrated
communications provider (ICP) of local, long distance,
Internet, and data services to small and medium
businesses, said it received $1.6 million in its
seed round, led by Barron Ventures. The company
said it will use the funds for operations and marketing.
http://www.scindonetworks.com/
_____________________________________________

o Broadband Developer Malibu Networks Raises $30 Million

SEATTLE -- Malibu Networks, which is developing
wireless broadband technologies, raised $30 million
in its second round of funding, according to investors
CVC Capital Partners and Second Avenue Partners.
The two firms jointly contributed $10 million to
the round which also included investments from ARCH
Venture Partners, Polaris Venture Partners, and
a consortium of existing investors. Calabasas-based
Malibu Networks is developing wirelss broadband
modem chips.
http://www.malibunetworks.com/
_____________________________________________

o Cambridge Silicon Radio Raises $34 Million Second Round

CAMBRIDGE, U.K. -- Cambridge Silicon Radio, a developer
of single chip Bluetooth radio devices, said it
raised $34 million in its second round of financing.
The round included investments from 3i, ALPS, Amadeus
Capital, ARM, Capital Research, Gilde, Intel Capital,
Mustang Ventures, Razorfish, Virata, and Wavecom.
Cambridge Silicon Radio said it will use the funding
to support its development of new Bluetooth technologies.
http://www.csr.com/
_____________________________________________

o XML App Firm Bowstreet Raises $50 Million Round Four

PORTSMOUTH, N.H. -- Bowstreet, an e-commerce XML
infrastructure firm, said it closed its fourth round
of financing with $50 million from new investors
Amerindo Investment Advisors, Azure Capital, Essex
Partners, and Putnam Investors and from previous
investors Charles River Ventures, Matrix Partners,
Integral Capital Partners, and Kleiner Perkins Caufield
& Byers, among others. Bowstreet said it will use
the funds to develop and research its products.
There will be no board changes as a result of the
round.
http://www.bowstreet.com/
_____________________________________________

o Benchmark Storage Holds Third Round Funding for $40 Million

BOULDER, Colo. -- Benchmark Storage Innovations,
which develops tape backup and archive systems for
small to medium-sized computer networks and workstations,
said it raised its third round of funding with $40
million. New investors Advanced Digital Information,
Lafe Holdings, Storage Tek, and individuals funded
the round along with previous investors Aweida Venture
Partners, which led the round, and Quantum. The
company will use the funding for working capital
in new partnerships with customer companies. Benchmark
Storage Innovations, formerly Benchmark Tape, is
also backed by Read-Rite.
http://www.4benchmark.com/
_____________________________________________

o Business Travel Site I-tinerary Gets $4 Million Second Round

SCOTTSDALE, Ariz. -- I-tinerary Travel Solutions,
an Internet-based travel booking service targeted
at business travelers, said it secured $4 million
in its second round of funding from Frankfurt-based
business travel company I:FAO. The company plans
to use the funds for system and business development.
http://www.i-tinerary.com/
_____________________________________________

o eDreams, Online Travel Site, Raises $13.8 Million Round

LONDON -- eDreams, a European online travel site,
raised EUR 16 million ($13.8 million) in its second
round of funding. The round was led by new investor
3i and investments from previous investors Apax
Partners, BSCH, Doll Capital Partners, and Net Partners.
The company said it will use the funding for continued
growth and expansion. eDreams intends to launch
its service in France and continue development in
Spain and Italy.
http://www.edreams.com/
_____________________________________________

o MyQube Invests In Electronic Control Network Firm FSB

MILAN -- MyQube, an early stage Italian development
fund, said it has invested an undisclosed amount
in FSB, an integrator of hardware and software systems
for managing devices connected to the electric network
through the Internet. FSB, which is developing the
open standard control network based on a standard
developed by Echelon, plans to install its technology
in 27 million homes, public buildings, and offices
in Italy by 2004.
http://www.myqube.com/
_____________________________________________

o Next Generation Network Raises $30 Million from CDP

MINNEAPOLIS -- Next Generation Network, a developer
of electronic billboards that deliver digital information
and advertising, said it raised $30 million in funding
from CDP Capital Communications, the media and telecommunications
investment arm of Caisse de depot et placement du
Quebec. The company said the funds will be used
for continued business development and the global
rollout of its network.
http://www.ebillboards.com/
_____________________________________________

o Optical Chip Firm Integration Associates Raises $9 Million

MOUNTAIN VIEW, Calif. -- Integration Associates,
which designs and manufactures optoelectronic and
RF analog/digital chips for wireless devices, said
it raised $9 million in funding from individual
investors. The round included investments from Mark
Green, formerly of Goldman Sachs; Ralph Parks, of
JP Morgan Chase; and Charles R. Schwab and Mark
Thompson, both of Charles Schwab. Both Mr. Schwab
and Mr. Thompson have seats on the Integration Associates
board of directors.
http://www.integration.com/
_____________________________________________

o Software Firm CES Lands $12 Million in Second Round

ATLANTA -- CES International, which makes operations
management software for utility companies, received
$10 million in its second round of financing from
Cinergy Ventures, the venture division of utility
company Cinergy, and $2 million from previous investor
Wexford Capital Management. Larry Thomas, group
president of new technology and energy delivery
for Cinergy, will join CES's board as its sixth
member. CES said it plans to use the funds to expand
the company in the U.S. and abroad and for research
and development.
http://www.ces.com/
_____________________________________________

o Spike Broadband Systems Raises $47 Million

NASHUA, N.H. -- Spike Broadband Systems, a provider
of carrier-class, fixed wireless broadband access
products, said it has raised $47 million from Canada-based
CDP Sofinov, a subsidiary of the Caisse de depot
et placement du Quebec, an investment fund manager.
Other investors include CDP Capital Communications,
Sandler Capital Management, Cabletron Systems, Ironside
Ventures, HLM Management, US Bancorp Piper Jaffray,
Dain Rauscher Venture Partners, Wheatley Partners,
Rosewood Corp., Agilent Technologies, Signal Equity
Partners and Commonwealth Capital Ventures. Spike
said it will use the funding to meet product demand,
increase its sales activities, and scale its production
and distribution capacity.
http://www.spikebroadband.net/
_____________________________________________

o TenantDirect.com Raises $9.35 Million Second Round

LOS ANGELES -- TenantDirect.com, maker of ResidentDirect
and TenantDirect, online management systems designed
for the multi-family and commercial real estate
industries, said it closed a $9.35 million second
round of funding. Investors included HPC, a subsidiary
of Primedia, which owns and operates Apartment Guide
and ApartmentGuide.com; Kennedy-Wilson, a Los Angeles
based real estate owner and manager; and other real
estate owners.The company said it would use the
funds to expand its market reach and add to its
list of online services. As part of the financing,
HPC will help promote the company's national advertising
and marketing program. The company has raised $10.75
million to date.
http://www.tenatdirect.com/
_____________________________________________

o TV Programming App Firm Jovio Gets $1.5 Million Round Two

PITTSBURGH -- Software developer Jovio said it raised
$1.5 million of its targeted $5 million second round
of funding from individual investors. Jovio's software
profiles viewers based on demographic, geographic,
and psychographic data and delivers them television
programming. The company has raised $3 million to
date.
http://www.jovio.com/
_____________________________________________

o Embedded  Wireless Devices Raises $20 Million Third Round

PLEASANTON, Calif. -- Embedded Wireless Devices
(EWD), a developer and marketer of silicon services
for wireless, audio, and Internet applications,
said it received more than $20 million in third
round financing from new investors H&Q/GAI and Anadigics
and previous investors Trieste Investment Groups,
Good Honor Holdings, Apodaca, Maton Fund II L.P.,
and Hotung Investment Holdings Limited. The company
plans to use the capital to strengthen its engineering
and marketing teams, develop new semiconductor and
software products, and bring wireless multi-point
services to market. The company has raised $30 million
to date.
http://www.embeddedwireless.net/
_____________________________________________

o Online Banking Firm CR2 Raises $8 Million in Third Round

LONDON -- CR2 Group, which provides online banking,
channel management, and card payment technology,
said it raised $8 million in its third round of
funding. New investors Goodbody Stockbrokers and
AIB Corporate Banking joined previous investors
GIMV, NIB Capital, and ACT Venture Capital in  the
round. CR2 Group said it will use the funding to
expand its business and marketing. The company has
a valuation of $88 million following the close of
the funding round. The company has recently relocated
to larger offices in Dublin and established operations
in India and the Czech Republic to support Asian
and Eastern European operations. CR2 Group has received
additional support from the Irish government's state
agency, Enterprise Ireland.
http://www.cr2.com/
_____________________________________________

o Revenio Raises $27 Million in Third Round of Funding

BURLINGTON, Mass -- Revenio, a developer of a platform
for managing and automating customer interactions
across marketing channels, said it secured $27 million
in its third round of funding led by General Catalyst.
The round includes new investors Vignette, Chase
H&Q, Comdisco, Pictet Global Telecom Fund, Williams,
Jones & Associates, and NETinvest, and previous
investors Charles River Ventures and Matrix Partners.
The company said it will use the financing to fund
sales, marketing, and product development. General
Catalyst co-founder and managing partner David Fialkow
will join the Revenio board of directors. The company
has raised $43 million to date.
http://www.revenio.com/
_____________________________________________

o Compare and Shop Site Bisanjia Gets $1 Million

BEIJING -- Bisanjia.com, a subsidiary of U.S.-based
BestEDeal.com that provides price comparison services,
said it received $1 million from undisclosed investors.
The company said it will use the funds to develop
wireless application protocol and e-commerce technologies.
http://www.bisanjia.com/
_____________________________________________

o Infrastructure Firm Soneta Gets Funding from Gray Cary

DALLAS -- Soneta, which develops technology and
applications for e-commerce service providers, said
it has received an undisclosed amount of cash and
a pledge of services from the Internet technology
law firm of Gray Cary Ware & Freidenrich in return
for an equity stake. The details of the deal were
not disclosed. Last week, Soneta said it closed
its Series A round of financing with a $2 million
investment from Yazam.
http://www.soneta.com/
_____________________________________________

o Video Networking Firm Artel Raises $10.5 Million Round Four

MARLBOROUGH, Mass. -- Artel, which provides video
networking systems to cable television and telecommunications
service providers, said it has secured $10.5 million
in its fourth round of funding. New investors, Liberty
Mutual and Boston University's Community Technology
Fund, joined previous investors, Cornerston Equity
Investors, Atlas Venture, BancBoston Capital, Charles
River Ventures, Commonwealth Capital Ventures, New
England Partners, and Massachusetts Capital Resource
Co., to invest in the round. Artel said it will
use the funds to develop its next generation of
video switching platform technology.
http://www.artel.com/
_____________________________________________

o Valeo Takes 15% Stake in Automotive Application Maker ITF

PARIS -- Valeo Ventures, the venture arm of European
automobile supplier Valeo, said it has taken a 15%
stake in TTF, which develops applications that enable
automotive manufacturers to exchange different CAD
software files. Financial details of the deal were
not disclosed. TTF's technology allows auto makes
to exchange CAD software files.
http://www.ttf-group.com/

======= Bad News =======

o Online Brokers' Venue Insureon.com Cuts Over Half its Staff

PASADENA, Calif. -- Insureon.com, which provides
an online venue for brokers and insurance carriers
to transact commercial insurance deals in real time,
said it cut about 16 jobs, more than half of its
staff. The company said it was overstaffed on its
technical side and would be refocusing on product
development and geographic expansion. The company
said it needed to cut back on its spending in order
to increase its appeal to investors. Insureon.com,
which was incubated by the incubator Netcubator,
is seeking $5 million in its first institutional
round of funding. The company is backed by individual
investors.
http://www.insureon.com/

======= New Products =======

o Claims Web Site ClaimsDesk.com Launches First Product

SEATTLE -- ClaimsDesk.com, a provider of online
property and casualty claims management services,
said it launched its first product, P&C Claims Workplace.
The product is a subscription service that enables
claims adjusters to obtain claims-related information
through a database. ClaimsDesk is funded by Voyager
Capital and Staenberg Private Capital.
http://www.claimsdesk.com/
_____________________________________________

o IT Products and Service Directory KnowledgeStorm Launches

ATLANTA -- KnowledgeStorm, an IT directory, announced
its launch. The company's Web site lists a directory
of IT software products and services. Users can
save their criteria and get free reports. Registered
vendors include Ariba, Baan, Documentum, Firepond,
I2, Oracle, and PeopleSoft. KnowledgeStorm is funded
by Apex Venture Partners, and Live Oak Equity Partners.
http://www.knowledgestorm.com/
_____________________________________________

o Online Idea Exchange Site Ideas.com Launches

MOUNTAIN VIEW, Calif. -- Ideas.com, an online marketplace
where users can exchange ideas, launched its service
and Web site. The company has already signed on
the Coca-Cola Company, DaimlerChrysler, International
Paper, S.C. Johnson & Son, and Sears, Roebuck &
Co. as members. The Web site enables people to direct
their ideas and technologies to corporations' new
product development, research and development, innovation
and brand marketing departments. Ideas.com is backed
by three individual investors from Junglee and other
undisclosed individuals.
http://www.ideas.com/
_____________________________________________

o Online Network For Childcare Industry QualKids Launches

MAITLAND, Fla. -- QualKids, an interactive online
network linking child care professionals, families
and healthcare professionals, announced it has launched.
Through its business-to-business and business-to-consumer
electronic marketplace, QualKids gives child care
professionals access to health, safety, education
and management information. The company, which was
founded by Dr. David Milov, is backed by E.V. Ventures,
QualKids Majik Fund, Westven Fund, and individual
investors.
http://www.qualkids.com/

======= New Deals =======

o Invite Service Mambo.com Service Shut Down by Parent Company

MENLO PARK, Calif. -- Mambo.com, an online service
providing online event planning applications and
commerce, will shut down on November 20. Dynamic
Transactions, the parent comany formerly operating
under the name Mambo.com, said it was discontinuing
the service to focus on its flagship product, PayPlace.com,
an online payment service. The company said that
invitation services had a future better suited as
a feature to a larger portal. There were no layoffs
resulting from the service being discontinued. Dynamic
Transactions is backed by Angel Investor Group,
Hummer Winblad Venture Partners, Trans Cosmo USA,
and individual investors.
http://www.payplace.com/
_____________________________________________

o DSSI Takes 4% Stake in Noise Reducing Firm Silentium

MAHWAH, N.J. -- DSSI, a provider of computer consulting
and development services, said it acquired approximately
4% of the equity of Silentium, an Israeli start-up
company, through its subsidiary, DSI Israel. DSI
Israel received the equity and warrants to purchase
additional equity in Silentium in exchange for providing
development services at lower than its prevailing
rates. Silentium owns and is marketing low cost
active noise cancellation technology for nosiy equipment.
Its investors include Israeli Sadot Research & Development
Fund and Zoom-it Holding, an Israeli high-tech investment
company.
http://www.dssiinc.com/

======= M&A =======

o Sheldahl to Acquire IFT for $30 Million in Stock

NORTHFIELD, Minn. -- Sheldahl a publicly traded
producer of high-density substrates, flexible printed
circuitry, and flexible laminates for the automotive
electronics and data communications markets, said
it will acquire International Flex Technologies
(IFT), a producer of fine-line, flexible circuits
approximately 7.6 million shares of common stock
worth approximately $29.9 million. Morgenthaler
Partners, IFT's majority shareholder, and Ampersand
Ventures will invest $25 million in equity capital
in exchange for approximately 4.9 million shares
of Sheldahl common stock and shares of a new series
of preferred stock that is convertible into approximately
4.1 million shares of common stock. In addition,
Molex, a Sheldahl customer and new joint venture
partner, has agreed to join with Morgenthaler and
Ampersand in purchasing up to an aggregate of $15
million of Sheldahl subordinated debt and warrants.
Morgenthaler, Ampersand, and other IFT investors
will collectively hold 49% ownership of Sheldahl
on a fully diluted basis. Molex will also increase
its ownership of Sheldahl securities and will own
approximately 10% of Sheldahl on a fully diluted
basis.
http://www.sheldahl.com/
_____________________________________________

o B2B Online Music Source Amplified Acquires OneBigCD

ATLANTA -- Amplified, an online business-to-business
digital media services provider, said it acquired
syndicated Internet jukebox provider OneBigCD.com
for an undisclosed amount. As a result of the deal,
Amplified has released a new product, called MaMa,
which is integrated into an online retailer's site
and tracks customers' music preferences. Amplified
is backed by Valley Media, Bear Stearn's Constellation
Ventures, Psilos Group, Chase Capital, Noro-Moseley
Partners. OneBigCD is funded by Draper Atlantic
Venture Capital.
http://www.amplified.com/
http://www.onebigcd.com/
_____________________________________________

o Vina Technologies Acquires Woodwind Communications

NEWARK, Calif. -- Publicly traded Vina Technologies
said it acquired Woodwind Communication Systems,
a maker voice over broadband technology, for approximately
5 million shares of stock valued at approximately
$44 million. Richard Berger, Woodwind president,
chairman, and CEO, will be a vice president of Vina.
Woodwind's 40 employees were offered jobs with the
combined company. Woodwind was backed by Novak Biddle
Venture Partners, Boulder Ventures, SpaceVest, Alta
Partners, and Sterling Capital.
http://www.vinatechnologies.com/
http://www.wcsinc.com/

======= New Directors =======

o eSpeed Fulfillment Taps Lawyer, Consultant for Board

DALLAS -- eSpeed Fulfillment, which provides services
and technology to business-to-business and business-to-consumer
Internet companies, said it has appointed David
Bryant, partner of Hughes & Luce, a Texas technology
law firm, and Robert J. Potter, president and CEO
of R. J. Potter, a Dallas-based consulting firm,
as the second and third members of its board. eSpeed
Fulfillment closed its first round of funding in
September at just under $1 million from undisclosed
individual investors. eSpeed said that it will use
the funds to develop logistics and order management
technology.
http://www.espeedfulfillment.com/

======= New People =======

o Datria Systems Names Ex-Colorado Land Developer as CEO

ENGLEWOOD, Colo. -- Datria Systems, a developer
of voice-to-data technology for mobile computing,
said James Greenwell joined the company as president
and CEO, replacing founder Jim Blaha who will continue
to play an active role within the company and serve
on the board of directors.. He previously served
as president and CEO of Fairway Properties, a Colorado
land developer and residential homebuilder. Mr.
Greenwell was also senior vice president of sales
and marketing for DecisionOne, a provider of multivendor
computer maintenance services. Datria Systems' investors
include Koch Ventures, Quest International Management,
Four States Investment, and Greenwood Gulch Ventures.
http://www.datria.com/

======= VC Fund News =======

o Telesis & Capital Z Convergence Europe in Joint Fund Venture

NEW YORK -- Capital Z Convergence Europe, a fund
sponsored by Capital Z, and Telesis Investment Bank
have established a joint investment vehicle co-managed
by Telesis and Capital Z affiliated management firm
Fusion Partners. Telesis Investment Bank is raising
$50 million from local investors in Greece for
the jointly managed fund based in Thessaloniki.
Capital Z Convergence Europe Fund, which currently
holds $75 million under management, will make co-investments
and is looking to raise $300 million for investment
in later stage telecommunications, financial services,
media and entertainment, healthcare, and information
technology companies.
http://www.capitalz.com/
_____________________________________________

o Vista Ventures Gets $15 Million for Vista Ventures I IT Fund

BROOMFIELD, Colo. -- Vista Ventures said it raised
more than  $15 million in commitments for its venture
capital fund and has begun looking into investment
opportunities in its target markets. Vista Ventures
I, focused on early and development stage information
technology and communications companies in the Rocky
Mountain region, will make initial equity investments
ranging from $250,000 to $2 million. With its affiliations
with other venture funds, it plans to provide $5
to $50 million total funding to each portfolio company.
http://www.vistavc.com/
_____________________________________________

o Legend Holdings Plans New Chinese Technology Venture Fund

HONG KONG -- Legend Holdings  announced it plans
to form a new venture capital fund. The size of
the fund was not disclosed, however, Legend Group
Holding, a subsidiary of Legend Holding, said it
would make an initial contribution of $25.3 million
to the fund. The new fund is expected will go into
operation sometime around April 2001. The fund will
provide technology companies in Beijing's Zhongguancun
area with start-up funding and management experience.
http://www.legend-holdings.com/
_____________________________________________

o Indian Bank of Baroda to Invest in Venture Funds

MUMBAI, India -- Bank of Baroda plans to invest
$5.4 million in venture capital funds for investments
in the IT field. The bank plans to invest the funds
by March 2001 in up to five venture capital funds,
both private and institutional. The bank has made
one investment so far.
http://www.bankofbaroda.com/

======= VC Personnel =======

o Columbia Capital Adds Two Partners To Investment Team

ALEXANDRIA, Va. -- Columbia Capital, a communications
and information technology venture capital fund,
said it appointed Arun Gupta and John Siegel Jr.
as partners in the firm. Mr. Siegel joins Columbia
from Morgan Stanley Dean Witter Capital Partners
and Mr. Gupta comes from Carlyle Venture Partners.
Columbia Capital has invested in more than 60 companies,
and manages approximately $1.4 billion.
http://www.colcap.com/
_____________________________________________

o Two Join Patricof As Venture Partners

PALO ALTO, Calif. -- Investment firm Patricof &
Co. Ventures, a member of the Apax Partners global
network, said it appointed F.E. Weissman and Evangelos
Simoudis as venture partners. Mr. Weissman was formerly
vice president of strategy and corporate marketing
for Verity, which provides information retrieval
and portal software for electronic commerce and
corporate Intranets. Mr. Simoudis previously was
president and chief executive officer of Customer
Analytics, an electronic customer relationship management
company.
http://www.patricof.com/

|||||||||||||||||||| Advertisement ||||||||||||||||||||

P2P OR NOT P2P?

We've heard distributed computing and peer-to-peer networks
will change computing. But how? Dozens of companies are
making bids for pieces of the P2P pie. Some of them will
succeed, but many will fail. Industry Futures,one of five
expert panels at Technology Outlook 2000, will examine the
business plans and challenges in distributed computing:

David P. Anderson, CTO, United Devices
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Steve Stephansen, President & CEO, WebV2

Only at Technology Outlook 2000:
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December 4 and 5, San Francisco
A VentureWire investment conference.
http://www.tpsite.com/tp/conf/to2000/?vw=200011133

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Chuckles is a must invite.

	"Scott Laughlin" <scottwl@hotmail.com>
	11/17/2000 05:49 PM

		 To: Jeff.Dasovich@enron.com, cameron@perfect.com
		 cc:
		 Subject: Re: Got Places in Stinson

Very nice! Great job, 'ole mellow. I'm psyched. Should we invite my
boyfriend, aka Riddles?

I just found the best burrito place in the 'Loin. I'm also psyched about
that also.

Hope you're having a nice day.

>From: Jeff.Dasovich@enron.com
>To: cameron@perfect.com, scottwl@hotmail.com
>Subject: Got Places in Stinson
>Date: Fri, 17 Nov 2000 17:29:42 -0600
>
>OK.  It's done.  Got two places.  One sleeps 8 and is big and is where we
>can have the party.  The other sleeps 6 and is very close by.  Right on the
>beach, so surfing will be a must.  Who is on your list for invites so far?
>

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

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


Paul,

Attached is the deals for NE Phys for 9/15 thru 9/30.  Thanks

Warrick


BUSINESS HIGHLIGHTS

Enron Freight Markets
Enron Freight Markets (EFM) launched its over-the-road trucking business this
week.  In addition, EFM completed 199 intermodal transactions in the first
week of April.

ENA West Power
ENA West Power recently closed the sale of two power projects.  The 750MW
Pastoria Energy Facility in Kern County, California was sold to Calpine and
the 240MW Fountain Valley Power project in Colorado was sold to Black Hills
Energy Capital.  Given the power shortage in the West, ENA is developing
additional power generation in Nevada, California and Washington.

Enron Industrial Markets
The newsprint group of EIM is working to revolutionize the newsprint market
and bring financial rigor and market efficiencies to a business that has
remained relatively unchanged for more than a century. The global newsprint
market is a 23 billion dollar a year business with the North American market
comprising one third.  The group's originators, mid-marketers, and financial
and physical traders offer our customers numerous financial and physical
products not previously available in the market.

EIM has made a substantial commitment to this business with the purchase of
Garden State Paper company last year and the recent purchase of Daishowa
Paper in Quebec City. The number of transactions has grown exponentially with
the physical trading alone reaching a nominal trading volume of more than
$10,000,000 per month in little more than four months since opening.  In
addition to physical spot transactions, the desk offers our counterparties
log-term fixed priced transactions, indexed based pricing, forward contracts,
swaps, and derivative products.

Forest Products
Forestweb Inc., an Internet-based generator, aggregator and integrator of
knowledge and information for the forest products industry, announced a new
window to industry financial and risk management tools available from
Clickpaper.com. Clickpaper allows the industry direct access to transactable
prices for both physical and financial products, in an electronic format.

Paperloop.com, one of the leading online resources for the forest products
industry, announced the addition of Clickpaper.com in their emarketplace,
which showcases various e-commerce companies and highlights their services.
Paperloop provides Clickpaper.com exposure to its 250,000+ monthly users in
the pulp, paper and converting industries.

IN THE NEWS

Ken Lay was the cover story for the April 2001 issue of Continental Magazine.
 He had positive things to say about his employees.

&Sitting in his 50th floor mahogany-paneled office overlooking his
much-beloved downtown Houston, Lay, with a self-conscious smile, bows his
head slightly as he,s described as an innovative market maker.  +I really can,
t take any credit, he says. My employees are responsible for what Enron
does.,  What he does best, the Missouri-born corporate icon says, is +to
create an atmosphere of empowerment and creativity and hire bright,
innovative people who aren,t afraid to take risks and try new things.8

WELCOME
New Hires
EIM   - Craig Rickard, Lisa McClendon
ENA  - Ben Brasseaux, Stephen Swisher, Tamera Joyner, Vanessa Griffin,
Kathleen Ashton

Weekly EnronOnline Statistics

Below are the latest figures for EnronOnline as of April 6, 2001.

* Total Life to Date Transactions >  845,000
* Life to Date Notional Value of Transactions > $500 billion

NUGGETS & NOTES

Mark your lunch calendars now! The next EWS Brown Bag is Thursday, April 19
at 11:30 AM.  Tim Battaglia VP/EIM will be discussing Steel Origination.

Congratulations to Peter del Vecchio, EIM senior counsel, and his wife, Nair.
They are the proud parents of Dante Valentin del Vecchio, born April 3,
weighing 4 pounds, 8 ounces.

NEWS FROM THE GLOBAL FLASH

Enron Poland obtains Gas Trading License
On 22nd March 2001 Enron Poland received a 10-year Gas Trading License, valid
for both domestic gas trading within Poland as well as for gas exports.  The
license is a key component to our entering the gas trading market in Poland
and, coupled with the Power Trading License we obtained in 1999, will give
Enron Poland a strong position in the developing wholesale energy market.  In
the next two to three weeks, we expect to receive a cross-border trading
license covering gas imports that are further regulated under the Polish
Energy Law Ordinance on Gas Import Diversification.

Enron Wind announces first UK off-shore wind farm
On 5th April 2001, Enron Wind announced that it had been granted the right to
initiate the planning process for its first UK offshore wind farm, located at
Gunfleet Sands, 7km from Clacton-upon-Sea in Essex.  Construction is expected
to start towards the end of 2002, with the wind farm of 30 turbines being
operational by Q4 2003.  Enron Wind is also actively involved in a number of
on-shore projects in the UK, including the development of wind farms in Wales
and Northern Ireland.

LEGAL STUFF
The information contained in this newsletter is confidential and proprietary
to Enron Corp. and its subsidiaries.  It is intended for internal use only
and should not be disclosed.


Here are possible Q's.  Dan W. will prepare first cut at answers.

Questions for January 31 Hearing

Price Gouging
?   On January 22, your company reported fourth-quarter results for
2000, in which you showed that profits from your energy trading unit rose
256 percent and your overall earnings rose 34 percent.  How much of this was
attributable to increased sales in California?  How much did you make from
sales in California?
?   What is the highest per kilowatt-hour price Enron charged on the
spot market?  What is the cost of production for that power?
?   In a recent Houston Chronicle article (January 23, 2001), Mr.
Skilling, your CEO was quoted as saying that not only had the California
situation not had an impact on earnings, but that "it may even turn out to
be a benefit in the long run."  Can you please explain the long-term
benefits you expect?
?   In a recent New York Times column by Paul Krugman, Ken Lay was
quoted as saying that California consumers "need to see the price signals
that is, pay much more and start modifying behavior to reduce demand until
we get more supplies."  What did Mr. Lay mean by this?  With the tremendous
profits that Enron is making in this situation, isn't it pretty brazen for
him to be suggesting that California consumers should pay more for their
power?

Market Manipulation
?   A number of generators and wholesalers, including Enron, have been
accused of withholding energy to drive up energy prices in the Western
states.  I understand that you are being sued in state court in San
Francisco for such activities and an independent monitor has supported these
allegations.  Does Enron currently have any generation assets off-line for
maintenance?  Did Enron make all of its generated power in the Western
states available for purchase by California utilities?  If not, why did it
withhold power?  How much did you withhold or sell in other states despite
knowing of the crisis in California?
?   At the time that the spot market collapsed and two of California's
largest utilities were teetering on the verge of bankruptcy, what price was
Enron asking for its power on the spot market?  What was Enron's cost of
producing that power?  How much profit did you make in December from sales
in California?
?   Did Enron ever refuse to sell power to a California utility because
of concerns about their credit worthiness?  Did your company ever tell
California utilities that it would not sell power to them because of credit
concerns?
?   Do you believe that Enron has any responsibility as a corporation in
a crisis such as occurred in California?  How do you justify making such
large profits, driving the utilities into bankruptcy and then refusing to
sell power to those same utilities because of their credit worthiness?

Utility Forbearance & Auction
?   California clearly has a significant problem with the potential
bankruptcy of two of its largest utilities.  How much money do those
utilities owe your company?  Has your company offered any payment
forbearance or forgiveness in light of the excessive prices that you were
charging them on the spot market for power?
?   California held an Internet auction last week for long-term
contracts for sale of power to the state.  Did Enron participate in the
auction?  What price did you offer for power in non-peak times?  What price
did you bid for power during peaking periods?
?   Your company has successfully gouged the utilities in California for
power on the spot market because long-term contracts were discouraged.  Now,
you are looking to enter into long-term contracts, which many experts
believe will be at rates far above the market in the future.  You really are
going to profit coming and going.  How can you claim that you are not price
gouging in this case?
?   In the past, you have offered power to California utilities in
long-term contracts at rates less than $.06 per kilowatt-hour.  How do you
justify previously offering power at much lower rates and now saying that
you are unable to provide it for less than a much higher price?

Role in California Deregulation
?   Your company was supportive of the California deregulation efforts
and has been a leading supporter of deregulation nationwide.  In light of
the "colossal failure" of the effort in California, do you still support
deregulation in other states or at the federal level?  What safeguards would
you support to protect against increased rates for consumers?

The Future
?   California is likely to enact a legislative fix to address this
problem.  What do you think will happen this summer during peak demand
periods?  Is there another crisis in the making in California or in other
states such as New York?

Political Contributions & Activities
?   Your company has been very active politically and according to press
reports, Mr. Lay is very close to President Bush.  Wasn't your company one
of the biggest donors to the Bush Campaign and the Inaugural Committee?  How
much money did your company contribute in soft money to the Bush Campaign
and the RNC?  How much money did your executives give in personal money to
the Bush Campaign and the RNC?  How much to the inaugural?
?   Has anyone from Enron participated in the Bush transition teams or
the so-called "advisory committees?"
?   What information and suggestions has your company or its officials
provided to the transition team or the new Administration regarding energy
deregulation or the California situation?
?   What discussions have officials from your company had with
Administration or Transition officials about the California situation?

Softball Questions

?   In the short term and then in the long term, what can California do
to fix its power supply system?
?   What do you believe are the flaws in the current California system?
The Power Exchange?  The Independent System Operator?
?   Why did deregulation fail in California?
?   Some people, including Governor Davis, have suggested that
out-of-state power suppliers, such as Enron, are to blame for this crisis,
is that true?
?   Some people in California have suggested that the State should take
over the power system.  Please comment on this proposal.  Is this a good
idea?
?   In which states has deregulation worked?  How do you explain the
success in those states in contrast with the failures in California?
?   This Committee will likely consider deregulation legislation at some
point in the future.  Should we undertake this effort?


FYI,  Attached is the final version of the letter that was sent to Wildhorse.

----- Forwarded by Gerald Nemec/HOU/ECT on 07/31/2000 09:31 AM -----

	"Ken Krisa" <kckrisa@worldnet.att.net>
	07/28/2000 03:58 PM

		 To: "Gerald R. Nemec (E-mail)" <Gerald.Nemec@enron.com>
		 cc:
		 Subject: Revised letter to Wildhorse

Gerald,

Attached is the revised letter that I am sending to Wildhorse.

Ken

 - Wildhorse 7-28-00.doc


Good Morning,

Mike Purcell has accepted a position in the Volume Management group and will
be joining that team effective April 23rd.

Mike has worked on the Preschedule desk for over a year scheduling the
Northwest, and has done a fine job representing Enron to our counterparties.
His technical ability and grace under pressure will be missed as we roll into
the summer months!

Please join me in wishing Mike well in his new position.

Cara


Paul

As discussed the buy approval, from the legal perspective only relates to the
US entity, not the Canadian entity.

Regards,

Marcus

	Paul Radous/ENRON@enronXgate
	05/30/2001 10:53 AM

		 To: Tana Jones/HOU/ECT@ECT, Marcus Nettelton/NA/Enron@ENRON
		 cc:
		 Subject: FW: Engage (2 Entities) Open for All US Phys Power

I have left Deb Robinson of Engage (403-297-1477) a voice mail indicating
legal's need for a power marketing license if they want to sell power to us,
but that buying is fine.  From a credit perspective, however, we are not
changing our EOL enabling profile.

 -----Original Message-----
From:  Moran, Tom
Sent: Wednesday, May 30, 2001 10:24 AM
To: Sever, Stephanie; Jones, Tana
Cc: Lebrocq, Wendi; Radous, Paul
Subject: Engage (2 Entities) Open for All US Phys Power

Stephanie/Tana,

Could you please expedite the following amendment the profiles of Engage
Energy America LLC and Engage Energy Canada L.P. as soon as possible this
morning.  Paul Radous is opening both of these entities up to trade all US
East and West Phys Power products and I have made the changes in Profile
Manager.

Thanks for your help !
tm

30-May	Paul Radous		94109	Engage Energy America LLC	US	Y	Amended	Amend profile to allow US
East and West Power Phys for 12 months
30-May	Paul Radous		53341	Engage Energy Canada L.P.	Canada	Y	Amended	Amend profile to allow US
East and West Power Phys for 12 months


I would stay out of it in light of John's message.  MARK


I've asked for it separately (second item below).  Did I misunderstand your
question?

I'm setting up a table with all the stuff for signature now.

Kay

Stephen Thome@ECT
05/01/2001 09:53 AM
To: Kay Mann/Corp/Enron@ENRON
cc:

Subject: Re: Delta/Salmon

Kay,

Do the retainage LOC's flow from the receipt of funds letter, or do we need
to tee up those separately?

Steve

Kay Mann@ENRON
05/01/2001 06:59 AM
To: lee.johnson@ss.ps.ge.com, kent.shoemaker@ae.ge.com
cc: Jake Thomas/HOU/ECT@ECT, Stephen Thome/HOU/ECT@ECT
Subject: Delta/Salmon

Good morning.

In order to finish up Delta/Salmon tomorrow, please note we need the
following today:

GE parent guaranty
LOC (so that full payment can be made to GE tomorrow)
Opinion of counsel

And once funds are received by GE, we need the receipt of funds letter.

Lee, I haven't heard back from the Portland gang to find out if the LV Co Gen
contract is ready.  Maybe Jake can help shake that loose.

Thanks,

Kay


Frank,

I just completed a phone conversation with Mr. Jeffrey M. Tanenbaum, Council
with Littler Mendelson, that you retained to review our ergonomics written
programs and plan for Grandfathering Enron companies. Mr. Tanenbaum appears
to be an excellent choice for this assignment due to his being full time in
the area of OSHA compliance and his business reputation.

I explained in full Enron's position with respect to the existence of written
ergo program procedures as of November 14, 2000 and my actions and plan to
obtain Grandfathering status by January 16, 2001. Mr. Tanenbaum stated he
finds no problem with the plan to achieve this status. He indicated that his
review of the programs should stand for the evaluation of the program
elements, and agreed that the OSHA 200 Log review would cover the remainder
of the evaluation requirement, but suggested this be done under Attorney
Client privilege with him.

He has some minor, to use his words, rework of the programs he will be
forwarding to us. These revisions will need to be integrated into the written
programs before January 16, 2001.

I most appreciate your attention to this matter and the timeliness in
obtaining us a review of our action plan and programs.

Regards,

Russ


We need to finish up with the site specific agreement for the equipment, then
they can have the whole enchilada.  I would think it could be ready in a
week.  I'll get A & K to dust it off.

Kay

From: Stuart Zisman@ECT on 02/06/2001 11:04 AM
To: Kay Mann/Corp/Enron@Enron
cc:

Subject: Austin - LM6000 Scope of supply

Kay,

What do you think?  Are we prohibited from doing this?

Stuart----- Forwarded by Stuart Zisman/HOU/ECT on 02/06/2001 11:04 AM -----

	Eric Booth@ENRON_DEVELOPMENT
	02/02/2001 10:19 AM

		 To: Stuart Zisman@ECT, Billy Lemmons@ENRON, James I Ducote@ECT
		 cc: Jeffrey M Keenan@ECT
		 Subject: Austin - LM6000 Scope of supply

This past Wednesday during our weekly site visit, I explained to Austin
Energy that I could not give them the whole LM6000 contract for
confidentiality reasons, especially with respect to the commercial
sections.   They were okay with that, but did make one last (and polite)
request for a list of the scope items that they would be getting.  What I
would propose to send is Exhibit B and B-1 from the contract (see attached).
Exhibit B is a simple bulleted scope of supply list.  Exhibit B-1 is a simple
spec that we wrote for the turbine which is itself a glorified scope document.

Let me know if this is something that I can forward to Austin Energy.  If the
attached document still gives someone heartburn, I'll end it here and
politely decline with Austin Energy.

Thanks,
Eric


---------------------- Forwarded by Kay Mann/Corp/Enron on 11/29/2000 11:00
AM ---------------------------

Scott Laidlaw@ENRON_DEVELOPMENT
11/29/2000 10:53 AM
To: carl.stendebach@abbpge.com, denis.peranic@chkra.mail.abb.com,
coaustin@wt.net, ausco@cnrf.nola.navy.mil, austin@cnsrf.navy.mil,
blarson@genphysics.com, bbarlow7@aol.com, john.d.sample@lmco.com,
sample@idcomm.com, chris.basham@bus.utexas.edu, dan_m_corpman@raytheon.com,
dsmith81@juno.com, blues21@juno.com, john_e_jackson@dell.com,
jjackson1@austin.rr.com, john_stratemeier@bmc.com, strat@ghg.net,
shaloney@aol.com, mike_d_carathers@raytheon.com, mikec1234@aol.com,
rnelson@jellybelly.com, cdrtom@aol.com, rew@aklw.com, lonpjs@dames.com,
guy_newnham@urscorp.com, psc1957@aol.com, quik_mike@hotmail.com,
C01Michael.Laidlaw@usafa.af.mil, sem5615@aol.com, crhoff@aol.com,
rahns@prodigy.net, dgreene@busey.com, marysia@mail.utexas.edu,
FrankO@geapcs.com, psc1957@aol.com, bob.joyce@kvaerner.com, tcmcgill@aol.com,
gbrown@ne.com, bwalden@ipa.net, dowgriff@gapac.com, JWilson55@aol.com,
blubird66@aol.com, shaloney@aol.com, hudgins@lava.net,
JaworowskiRO@nnsy.navy.mil, ronbud@mciworld.com,
kaufman-global@houston.rr.com, jimf@spawar.navy.mil, jasmith@spawar.navy.mil,
mvwohlsc@ix.netcom.com, melissa@toshibatic.com, Jane
Furman/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Pat
Esslinger/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Harvey
Mitchell/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Eric
Booth/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Carla
Galvan/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Gayla E
Seiter/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Cindy
Hodges/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, John
Darby/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Robert
Havlik/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Scott
Dieball/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, curranac@hotmail.com, Mike
Coleman/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, hscheller@canfibreny.com,
rhowell@bechtel.com, Kathleen A Cook/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT,
Marilyn Oliver/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Brian D
Barto/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, John G
Rigby/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, J Douglas
McNeilly/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, mccurran44@hotmail.com,
hschell@banet.net, Kay Mann/Corp/Enron@Enron, kathryn.laidlaw@duke.edu,
kal7@duke.edu, Chris Booth/NA/Enron@Enron, GAluce@aol.com
cc:

Subject: Warm Fuzzies from B.W.

these are neat.
regards.  scott.

FIVE GREAT LESSONS:

1 -   Most Important Lesson - During my second month of nursing school, our
professor gave us a pop quiz. I was a conscientious student and had breezed
through the questions,until I read the last one: "What is the first name of
the woman who cleans the school?" Surely this was some kind of joke. I had
seen the cleaning woman several times.  She was tall, dark-haired and in her
50s, but how would I know her name?  I handed in my paper, leaving the last
question blank. Just before class ended, one student asked if the last
question would count toward our quiz grade. "Absolutely," said the professor.
"In your careers, you will meet many people. All are significant. They
deserve your attention and care, even if all you do is smile and say
'hello'." "I've never forgotten that lesson.  I also learned her name was
Dorothy.

2 - Second Important Lesson - Pickup in the Rain. One night, at 11:30 PM, an
older African American woman was standing on the side of an Alabama highway
trying to endure a lashing rain storm. Her car had broken down and she
desperately needed a ride. Soaking wet, she decided to flag down the next
car.  A young white man stopped to help her, generally unheard of in those
conflict-filled 1960s. The man took her to safety, helped her get assistance
and put her into a taxi cab. She seemed to be in a big hurry, but wrote down
his address and thanked him. Seven days went by and a knock came on the man's
door. To his surprise, a giant console color TV was delivered to his home. A
special note was attached. It read: "Thank you so much for assisting me on
the highway the other night. The rain drenched not only my
clothes, but also my spirits. Then you came along. Because of you, I was able
to make it to my dying husband's bedside just before he passed away.  God
bless you for helping me and unselfishly serving others." Sincerely, Mrs. Nat
King  Cole.

3 - Third Important Lesson - Always remember those who serve. In the days
when an ice cream sundae cost much less, a 10 year old boy entered a hotel
coffee shop and sat at a table.  A waitress put a glass of water in front of
him.
"How much is an ice cream sundae?" he asked. "Fifty cents," replied the
waitress. The little boy pulled his hand out of his pocket and studied the
coins in it. "Well, how much is a plain dish of ice cream?" he inquired. By
now more people were waiting for a table and the waitress was growing
impatient. "Thirty-five cents," she brusquely replied." The little boy again
counted his coins.  "I'll have the plain ice cream," he said.  The waitress
brought the ice cream, put the bill on the table and walked away. The boy
finished the ice cream, paid the cashier and left. When the waitress came
back, she began to cry as she wiped down the table. There, placed neatly
beside the empty dish, were two nickels and five pennies - You see, he
couldn't have the sundae, because he had to have enough left to leave her a
tip.

4 -  Fourth Important Lesson - The Obstacle in Our Path. In ancient times, a
King had a boulder placed on a roadway. then he hid himself and watched to
see if anyone would remove the huge rock. Some of the king's wealthiest
merchants and courtiers came by and simply walked around it.  Many loudly
blamed the king for not keeping the roads clear, but none did anything about
getting the stone out of the way. Then a peasant came along carrying a load
of vegetables. Upon
approaching the boulder, the peasant laid down his burden and tried to move
the stone to the side of the road. After much pushing and straining, he
finally succeeded.  After the peasant picked up his load of vegetables, he
noticed a purse lying in the road where the boulder had been. The purse
contained many gold coins and a note from the king  indicating that the gold
was for the person who removed the boulder from the roadway. The peasant
learned what many of us never understand. Every obstacle presents an
opportunity to improve our condition.

5 - Fifth Important Lesson - Giving When it Counts. Many years ago, when I
worked as a volunteer at a hospital, I got to know a little girl named Liz
who was suffering from a rare and serious disease. Her only chance of
recovery appeared to be a blood transfusion from her 5-year old brother, who
had miraculously survived the same disease and had developed the antibodies
needed to combat the illness. The doctor explained the situation to her
little brother, and asked the little boy if he would be willing to give his
blood to his sister. I saw him hesitate for only a moment before taking a
deep breath and saying, "Yes, I'll do it if it will save her." As the
transfusion progressed, he lay in bed next to his sister and smiled, as we
all did, seeing the color returning to her cheeks. Then his face grew pale
and his smile  faded. He looked up at the doctor and asked with a trembling
voice, "Will I start to die right away?" Being young, the little boy had
misunderstood the doctor; he thought he was going to have to give his sister
all of his blood in order to save her. You see, after all, understanding and
attitude, are everything.


Trading Profits

P. Allen  200
M. Grigsby 463
Rest of Desk 282

Total  945

I view my bonus as partly attributable to my own trading and partly to the
group's performance.  Here are my thoughts.

  Minimum  Market   Maximum

Cash  2 MM   4 MM   6 MM
Equity  2 MM   4 MM   6 MM

Here are Mike's numbers.  I have not made any adjustments to them.

  Minimum  Market   Maximum

Cash  2 MM   3 MM   4 MM
Equity  4 MM   7 MM   12 MM

I have given him an "expectations" speech, but you might do the same at some
point.

Phillip


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 04/27/2001 08:22 AM ---------------------------

"ElectraPartners" <martin@electrapartners.com> on 04/27/2001 12:09:13 AM
Please respond to <martin@electrapartners.com>
To:	"Andis D. Berzins" <ABerzins@RWBeck.com>, "Ashot Hovhannesyan" <hovhannisyan_ash@hotmail.com>, "Karen Tatalyan" <tatalyan@acc.am>, "Simon Kamsarakan" <acfs@arminco.com>, "Eugene Tyurin" <ETyurin@pseg.com>, "Shannon Burchett" <sburchett@risklimited.com>, "Tom Witek" <witek888@aol.com>, "Jim Jehovics" <jsj@albrecht-assoc.com>, "Patti Broderson" <pab@wyndmill.com>, "Vince J. Kaminski" <vkamins@ect.enron.com>, "Carey Jordan" <careyj@calpine.com>, "Paul Posoli" <paulp@calpine.com>, "Steve McAleavy" <steve@searchconsultant.com>, "Ira G. Kawaller" <kawaller@IDT.NET>, "Jesus Melendrez" <Jesus.Melendrez@enron.com>, "Sailish" <Sailish.Ramamurtie@SouthernEnergy.com>, "Alexander Eydelend" <Alexander.Eydeland@SouthernEnergy.com>, "Blake Johnson" <blakej@leland.stranford.edu>, "Gary Ginter" <ginter@efficientcapital.com>, "Ernst Jaffarian" <jaffarian@efficientcapital.com>, "Gary Campbell" <GCampb1692@aol.com>, "Dimitri Novikov" <novikov.dmitri@adlittle.com>, "Russ Ellis" <russ_ellis@strategicweather.com>, "Ian Clarke" <ian_clarke@strategicweather.com>, "Steve Beck" <steve_beck@strategicweather.com>, "Sean Curry" <curry@mathworks.com>, "Sogomonian, Aram" <Aram.Sogomonian@pacificorp.com>, "Bill H. Panning" <bpannin@armfinancial.com>, "Lenard Bekker" <lbekker@wisvest.com>, "John Sodergreen" <JohnS@Scudderpublishing.com>, "MIchael  Ong" <michael.ong@abnamro.com>, "Clark Heston" <Jclarkhest@aol.com>, "Timothy J. Mulholland" <tmulholland@sdinet.com>, "Kratka, Milan" <MKratka@wolve.com>, "Scott Morris" <scott@htc.com>, "Tim Holmes" <sun@worldnet.att.net>, "Hilary Till" <till@premiacap.com>, "V. C. Ramesh" <vcr@iit.edu>, "David L. Reiner" <dreiner@arbgroup.com>, "Jon Najarian" <pti@uss.net>, "Yuri Balasanov" <yurib@crt.com>, "John Fuqua" <johnf@crt.com>, "Michael Enbar" <[No.email.address.found]@mindspring.com>, "Russel Caflisch" <caflisch@math.ucla.edu>, "Craig Gustafson" <craig@cdcna.com>, "Sergio Kostek" <kostek@ms.com>, "Iraj Kani" <iraj.kani@martingale-tech.com>, "Cameron Rookley" <dh74673@goodnet.com>, "Dick Kazarian" <[No.email.address.found]@mindspring.com>, "Bob Stibolt" <bstibolt@sdg.com>, "Richard K. Skora" <rskora@skora-inc.com>, "Zahra Yamani" <zjishi@aol.com>, "Yurij M. Smirnov" <smyrnoff@higeom.math.msu.su>, "Wayne Coste" <IREMM@aol.com>, "Theodore Voronov" <voronov@fire.ma.umist.ac.uk>, "Steve Madows" <Asmandapm@aol.com>, "Steve Thomas" <SteveT@citizenspower.com>, "Souren Aghajanyan" <sourenag@exchange.microsoft.com>, "Sophia Gasparian" <armenita@yahoo.com>, "Shijie Deng" <deng@isye.gatech.edu>, "Shannon Burchett" <sburchett@worldnet.att.net>, "Shan Millie" <shan@risk.co.uk>, "Robin Lancaster" <robin@risk.co.uk>, "Raffi Aharonian" <raffiaharonian@hotmail.com>, "Mike Sigman" <msigman@capstoneenergy.com>, <lpthorose@earthlink.net>, "Ken Johnson" <kej@jprconsulting.com>, "Kahuna" <pti@uss.net>, "Joe Pokalski" <Energy.vertical@juno.com>, "Jane Locke" <janeclocke@hotmail.com>, "Haik Jermakyan" <hbeen105@hp9k2.csun.edu>, "Garo Mouradian" <garikmm@hotmail.com>, "E.T." <mean_gene@usa.net>, "David Jermakian" <brendadave66@hotmail.com>, "Dan Coughlin" <danc@kudos.net>, "Carl J.Conti" <conti@numerix.com>, "Arsen Nazaryan" <anazaryan@hotmail.com>, "Areg Grant Margarian" <amargari@engin.umich.edu>
cc:
Subject:	My new info

Dear Friends and Colleagues,

I have switched again my employment status between self-employment and
employment by joining the TXU Energy Trading on the capacity of their
Managing Director of Risk Management Operations.  Will commute home on
weekends, but otherwise, will be stationed in Dallas.  The new email address
is MJermak1@txu.edu, and the phone number is (214) 875-9603.

Regards,
Martin Jermakyan
www.txu.com

 - winmail.dat


Wyndham Greenspoint
Salon 6 (2nd Level)
12400 Greenspoint Drive
Houston, Texas 77060-1998
281.875.2222


Hey,

I heard that you got a chip for the diesel.  Does it make a big difference
in performance.

Later,

Joe

-----Original Message-----
From:	Baughman Jr., Don [mailto:Don.Baughman@ENRON.com]
Sent:	Tuesday, January 15, 2002 11:55 AM
To:	Brandi Black (E-mail); Clint Wilson (E-mail); David Nobles (E-mail);
Eric Korth (E-mail); Jeff Lenamon (E-mail); Joe Ebert (E-mail); Kari Tracey
(E-mail); Kenneth Schall (E-mail); Lalena Stavinoha (E-mail); Mark Doggett
(E-mail); Matt Doggett (E-mail); Paul  Henry (E-mail); Randy Doggett
(E-mail); Reid Stavinoha (E-mail); Richard Hrabal (E-mail); Robert Pearson
(E-mail); Sean Patrick Tracey (E-mail); Scott Sims (E-mail); Scott Smith
(E-mail); Wayne Herndon (E-mail)
Subject:	FW: My Baby's Page

Here is my sister Andrea's new baby.  We are proud to present the new
edition to the Baughman/Williams family, Katheryn Morgan Williams.

DB
>  -----Original Message-----
> From: 	"Andrea Williams" <TWILLIAMS@EVI.NET>@ENRON
> Sent:	Saturday, January 05, 2002 6:53 PM
> To:	Baughman Jr., Don
> Subject:	My Baby's Page
>
>
> Just a note to let you know that
> Baby Katheryn has a web page.
> Please check it out and leave her
> a message - we would like to share
> this wonderful time with her in
> the years to come.
> Love, Troy, Andrea, Shelby, and
> Katheryn
>
> http://www.growingfamily.com/webnursery/babypage.asp?URLID=4O1Z1U0D5S
>
> Make sure you highlight the entire link, copy it, and paste it in your Web
> browser.
>

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


Sorry  - Here are the attachments.

Susan D. Flynn
Enron North America Corp.
1400 Smith Street, EB3806
Houston, Texas  77002
Phone:  713-853-0975
Fax:  713-646-3490
----- Forwarded by Susan Flynn/HOU/ECT on 06/27/2000 11:35 AM -----

	Susan Flynn
	06/26/2000 03:40 PM

		 To: dharris@shearman.com
		 cc: Jason Peters/Corp/Enron@Enron, Sara Shackleton/HOU/ECT@ECT, Rod
Nelson/HOU/ECT@ECT, Per Sekse/NY/ECT@ECT
		 Subject: ISDA Master Agreement  between ENA and The Ospraie Portfolio Ltd.

 Pursuant to your telecon with Jason Peters, attached are clean and redlined
versions of the Schedule and Credit Support Annex to the referenced
agreement.     Please contact Jason Peters at (713)853-9720  with your
questions and comments.

 Also re: billing details for the opinion letter.   The opinion letter should
address both Cayman Island entities.  The legal bill should provide a
detailed, itemized accounting of the services rendered .   The bill should
reference the ISDA agreements.  The bill should be sent to Sara Shackleton,
Enron North America Corp., 1400 Smith Street, Suite  EB3801, Houston, Texas
777002.   Sara's phone number is (713) 853-5620.

Susan D. Flynn
Enron North America Corp.
1400 Smith Street, EB3806
Houston, Texas  77002
Phone:  713-853-0975
Fax:  713-646-3490


Elizabeth --

I'd like to let Bryan take over this project.

Jim

 -----Original Message-----
From: 	Gottfredson, Bryan
Sent:	Friday, September 14, 2001 2:58 PM
To:	Linnell, Elizabeth
Cc:	Steffes, James D.
Subject:	ENA/EES/GA Database

Elizabeth -
	Jim and I have been discussing the creation of a database where he/we could regularly check the former, current, and prospective projects of those in Government Affairs.  It would be a way to check the on goings in ENA, EES, and GA as a group.  It would also be an effective tool whenever we needed a GA valuation.  When you have a moment, I would like to explain the project to you and get your input as to how we could design the best system.  Please let me know when you have a chance to talk.

Thank you,

Bryan
x52430


---------------------- Forwarded by Phillip M Love/HOU/ECT on 04/25/2001
12:18 PM ---------------------------
From: Veronica Espinoza/ENRON@enronXgate on 04/25/2001 09:53 AM
To: Janie Aguayo/HOU/ECT@ECT, Diane Anderson/NA/Enron@Enron, Derek
Bailey/Corp/Enron@ENRON, David Baumbach/HOU/ECT@ECT, Jean Bell/HOU/ECT@ECT,
Patricia Boulanger/CAL/ECT@ECT, Bob Bowen/HOU/ECT@ECT, Julie
Brewer/NA/Enron@Enron, Lesli Campbell/ENRON@enronXgate, Celeste
Cisneros/ENRON@enronXgate, Sharon Crawford/CAL/ECT@ECT, Richard
Deming/NA/Enron@Enron, Russell Diamond/ENRON@enronXgate, Cindy
Feldman/CAL/ECT@ECT, Darron C Giron/HOU/ECT@ECT, Veronica
Gonzalez/ENRON@enronXgate, Jeffrey C Gossett/HOU/ECT@ECT, Walter
Guidroz/ENRON@enronXgate, Larry Joe Hunter/HOU/ECT@ECT, Kam
Keiser/HOU/ECT@ECT, Phillip M Love/HOU/ECT@ECT, Errol
McLaughlin/Corp/Enron@ENRON, Nidia Mendoza/ENRON@enronXgate, Tom
Moran/ENRON@enronXgate, Bianca Ornelas/NA/Enron@Enron, Leslie
Reeves/HOU/ECT@ECT, Tanya Rohauer/ENRON@enronXgate, Dianne Seib/CAL/ECT@ECT,
Linda Sietzema/CAL/ECT@ECT, Kim S Theriot/HOU/ECT@ECT, Ellen
Wallumrod/NA/Enron@ENRON, Melinda Whalen/CAL/ECT@ECT, Tiffany
Williams/NA/Enron@Enron
cc:
Subject: Credit Report--4/25/01


We have scheduled a telephonic board meeting for Tuesday, November 20.
Call information follows:

Date:	Tuesday, November 20, 2001

Time:	10:30 - 11:00 a.m. CST (Houston time)

Toll free call-in number:		1-888-909-5940

Houston area participants call-in number:		978-506-4999

Pass code for both call-in numbers:	2158556 #

Let me know if you have any questions.

Thanks -

Barbara Sain
Law Department
Compaq Computer Corporation
Phone:  281-514-6021
Fax:  281-517-6807


Our settlement people have begun making arrangments to pay the PX back the
mistaken amount.  Procedures are under way. Should be done soon. ----cgy

From: Richard B Sanders on 11/26/2000 12:23 PM CST
To: Christian Yoder/HOU/ECT@ECT
cc:
Subject: ISO

Can you confirm that we corrected this?
----- Forwarded by Richard B Sanders/HOU/ECT on 11/26/2000 12:22 PM -----

	Richard B Sanders
	10/24/2000 08:00 AM

		 To: Mark E Haedicke/HOU/ECT@ECT
		 cc: gfergus@brobeck.com
		 Subject: ISO

----- Forwarded by Richard B Sanders/HOU/ECT on 10/24/2000 08:00 AM -----

	Christian Yoder
	10/20/2000 04:28 PM

		 To: Elizabeth Sager/HOU/ECT@ECT, Richard B Sanders/HOU/ECT@ECT
		 cc:
		 Subject: ISO

CONFIDENTIAL
ATTORNEY CLIENT PRIVILEGE

Richard and Elizabeth:
While I was away on vacation, Steve Hall included this statement in a status
report to me;

" >While you were gone I learned a new one from Smith Day, which involves
submitting bids for less than one MW, i.e., .0005 MW.  Because of a glitch in
the ISO's rounding system, the MW get rounded down, but the payment gets
rounded up.  Playing this game is worth about $9000/day. "

9,000 X 365 = 3,250,000.

Let's discuss.  ----cgy


Please print a few copies of this spreadsheet and take them to Tracy in her meeting this morning.

Thanks,
Lindy


Energy Insight News for Wednesday, November 28, 2001
The race is on for new coal-fired generation

The race is on! Power plant developers have responded aggressively to the
power crisis in the West and the potential for power shortages in the
Midwest and Northeast, according to a report, New Coal-Fired Generation: The
Race Is On, by Boulder, Colo.-based RDI Consulting.

Using data compiled by RDI, a data division of Platts, the report estimates
the U.S. will require 296,000 MW of capacity additions by 2015 to meet
growing demand and to replace older units likely to retire. This compares
with roughly 780,000 MW of installed capacity in the U.S. today.

RDI also projects that almost 60% of the required capacity will be built by
the end of 2006 and, despite extreme volatility in natural gas prices, the
majority of this new capacity will be gas-fired-equaling nearly 170,000 MW.
Because of that fact, for developers looking to build coal-fired plants, the
race has turned into a marathon.

The advantage of proposed coal-fired generation is the potential for low
dispatch costs. Hypothetical plants modeled by RDI in all areas of the
country show new coal-fired generation can dispatch well ahead of gas-fired
plants and somewhat ahead of most existing coal-fired plants.

Disadvantages of new coal-fired generation are higher initial capital costs
and greater risk, which means that new coal-fired plants are susceptible to
depressed market prices that could result from overbuilding new capacity.
Developers will have two choices in the near term if coal plants are to
succeed: wait out the surge of capacity development and be prepared to enter
the market later in the decade when the excess capacity is absorbed; or
secure long term power sales agreements and capacity contracts that will
provide enough revenue to cover the high development costs of a new coal
plant. Read the entire story at http://www.energyinsight.com.
Also, catch the latest news headlines on Energy Insight Executive, updated
twice daily.
///////////////////////////////////////////////
Market Brief    Tuesday, November 27
Stocks  Close   Change  % Change
DJIA    9,872.60        (110.2) -1.10%
DJ 15 Util.     288.43  1.2     0.42%
NASDAQ  1,935.97        (5.26)  -0.27%
S&P 500 1,149.50        (7.9)   -0.68%

Market Vols     Close   Change  % Change
AMEX (000)      173,339 36,795.0        26.95%
NASDAQ (000)    2,134,187       411,096.0       23.86%
NYSE (000)      1,301,649       213,273.0       19.60%

Commodities     Close   Change  % Change
Crude Oil (Jan) 19.52   0.73    3.89%
Heating Oil (Dec)       0.5402  0.016   3.09%
Nat. Gas (Henry)        2.61    (0.107) -3.94%
Propane (Dec)   29.75   0.50    1.71%
Palo Verde (Dec)        27.25   2.00    7.92%
COB (Dec)       31.00   0.50    1.64%
PJM (Dec)       26.00   (0.70)  -2.62%

Dollar US $     Close   Change  % Change
Australia $     1.913   (0.015) -0.78%
Canada $        1.60    (0.005) -0.31%
Germany Dmark   2.22    (0.004) -0.18%
Euro    0.8833  0.003   0.36%
Japan ?en     124.0   (0.100) -0.08%
Mexico NP       9.26    0.080   0.87%
UK Pound        0.7071  (0.0007)        -0.10%

Foreign Indices Close   Change  % Change
Arg MerVal      218.61  (5.26)  -2.35%
Austr All Ord.  3,291.40        6.70    0.20%
Braz Bovespa    13602.88        (156.65)        -1.14%
Can TSE 300     7462.60 (3.80)  -0.05%
Germany DAX     5059.57 (54.55) -1.07%
HK HangSeng     11261.54        (130.42)        -1.14%
Japan Nikkei 225        10948.89        (115.41)        -1.04%
Mexico IPC      5860.44 102.92  1.79%
UK FTSE 100     5,265.96        (36.54) -0.69%

Source:  Yahoo! & TradingDay.com
//////////////////////////////////////////////
Executive News
OPEC's Khelil requests meeting with Russia's Putin
OPEC President Chakib Khelil said Tuesday he had requested a meeting with
Russian President Vladimir Putin. "We have asked as the OPEC presidency for
a meeting with the Russian President, Mr Putin, we have not yet had a
response," Khelil told reporters in Algiers. OPEC is currently lobbying
Russia to make a more significant contribution to a planned OPEC/non-OPEC
round of output cuts than the 50,000 barrels per day pledged by Moscow late
last week. OPEC agreed at its Nov. 14 meeting to reduce crude output by 1.5
million barrels per day, but only if non-OPEC producers contribute a further
500,000 barrels per day reduction. Mexico has said it is willing to cut by
100,000 barrels per day, while Norway said last week it would cut by
100,000-200,000 barrels per day, as long as other producers honor their cut
pledges.

Nordic to build power plant, ethanol facility in Ohio
Nordic Energy plans to develop the first new coal-fired baseload project in
Ohio in more than a decade, an 850-MW merchant plant in the northeast part
of the state, the company said Tuesday. The coal plant, which would utilize
integrated gasification combined cycle technology, would be a cogeneration
facility that also would produce steam to run an ethanol production plant
that affiliated Nordic Biofuels intends to build nearby. Nordic Energy will
initiate an anticipated 18-month permitting process for the coal plant early
next year. Commercial operation is expected in June 2006. The coal plant is
expected to cost about $1 billion, and the ethanol facility about $150
million. "We decided this is the time to build our own plant and move
forward," said Joni Fixel, Nordic Energy director of power supply.

To subscribe to our Executive News Service, which is updated twice daily,
log on to http://www.energyinsight.com, or contact Platt's Direct Response
Team at 1-800-424-2908 (if outside the United States call 1-720-548-5700).
///////////////////////////////////////////////


It has been our practice to show this type of price change as an amendment to
the original
physical transaction agreement.

I have attached a template which we often us to document these changes.  We
can then add the
language that Jeff Hodge developes into the amendment.

From: Richard Tomaski@ENRON on 04/18/2001 10:25 AM
To: Bob Bowen/HOU/ECT@ECT
cc: Darron Giron, Jeffrey T Hodge/HOU/ECT@ECT, Hunter S Shively/HOU/ECT@ECT
Subject: PGL manual confirmations

Have you had the chance to put together a template for ENA's manual
confirmations of PGL's election to change their supply contract price under
the flexible pricing provision?  It is important for their accounting
treatment and compliance with their risk management policy that these
confirmation reflect a changed physical deal not a new financial swap.

Per Daron Giron, the preferred way to book these transactions in the Aruba
book is to unwind the existing index sale and rebook the physical fix price
sale.

ENA would also like to add a disclaimer on the bottom of the confirmation
that states something to the effect that decision to trigger these fix prices
was PGL's decision and ENA didn't advise or recommend this transaction.  Jeff
Hodge is working on what the actual language should say.  Let me know when
you think you might have this template available.  I want to show PGL what to
expect from ENA once they start triggering fix prices.  Thanks

Richard


Kate,  we received the executed Confirmation Letter from Portland Legal
yesterday with Department of Water Resources a division of the State of
California -CDWR believe it is trade 530608.01.  The confirmation has special
terms to extend the terms of the trade by a specific date and time regarding
the option.
Needed to know if you need a copy of this confirmation to note this and we
have trade date on our confirmation letter as Feb. 22, 2001.  The trade in
enpower has a trade date of Feb 23, 2001 Trader: Tim Belden
   please let me know.

Thank you
Stephanie


Notice No. 01-75
March 5, 2001

TO:
All NYMEX Division Members/Member Firms
All NYMEX Division Clearing Members
All NYMEX Division Floor Traders
All NYMEX Division Operations Managers

FROM:
George Henderson, Vice President

RE:
Options Expiration Operational Procedures for the Trading Floor and Clearing
Members
________________________________________________________________

The expiration date for the April 2001 options contract for Platinum (POJ1)
is Friday, March 9, 2001.

GENERAL OPERATIONAL PROCEDURES

All Clearing Members and Qualified Floor Traders that carried an options
position as of the close of business day prior to the expiration day, or
engaged in trading activity on Expiration Day in the expiring options
contract will be required to have a knowledgeable, duly authorized
representative present at their normal work station promptly at 5:30 p.m.
until released by the Exchange staff as specified below.  All adjustments
and/or corrections, must be accompanied by relevant supporting documentation
prior to being incorporated into expiration processing, in essence making the
expiration processing an extension of the afternoon trade resolution
procedures.  All input to the NYMEX Clearing Department will conclude no
later than 30 minutes after floor representatives are released.

Exchange Clearing (299-2110), Floor Trade Correction (299-2068 and 299-2169)
personnel, as well as a representative of the Floor Committee will be
available to assist with the processing of notices of Exercise and
Abandonment, position transfers, trade corrections and other questions or
problems you may have.

CLEARING DEPARTMENT OPERATIONAL PROCEDURES

The Option Expiration process is a screen based process for which all
information is provided on the screens on C21 terminals. No Option Expiration
Reports will be provided. The following screens will assist you through the
Option Expiration process:

MEMBER TRADE INQUIRY
Contains real-time top day trade information, trade information for the
previous 4 business days and trades adjusted for the previous 4 business days
by adjustment date.

SINGLE POSITION MAINTENANCE
Contains a real-time snapshot for each option series from the start of day
position to the projected end of day position.

REVIEW ACCEPT REJECT TRANSFERS
Contains all trade and position transfers "TO" your firm and the status of
each transfer.

REVIEW SUBMITTED TRANSFERS
Contains all trade and position transfer "FROM" your firm and the status of
each transfer.

EXERCISE NOTICE SUBMISSION
Contains your available long position and an input field to enter the number
of long positions you wish to exercise.

DO NOT EXERCISE SUBMISSION
Contains your available long position and an input field to enter the number
of long positions you wish to abandon.

POSITION CHANGE SUBMISSION
PCS may be submitted either by manual input or by electronic transmission.
Any PCS input on a Clearing 21 terminal will be the input processed by the
system.  This input may be made at any time prior to 6:45 p.m.  Any PCS input
via transmission for that contract series will be disregarded.

ALL POSITIONS ARE DEEMED FINAL
Upon completion of all PCS input, all positions will be deemed final.

EXERCISE/ASSIGNMENT INFORMATION
Will be available to you on the Single Position Maintenance window by
contract series or the Assignment List window which contains all your
Assignments on one window. You will be notified of its availability by C21
E-Mail and by Fast Facts. This should occur within 1 hour of the last PCS
input.

All Clearing Members are required to have an authorized representative(s) at
their C21 workstations in preparation for any communication during the
expiration process.

FAST FACTS
Clearing Members should call the Fast Facts information service 301-4871,
access code 700 for event messages advising Members of the event status.

E-MAIL
Clearing Members should read their C21 E-Mail messages immediately to be
aware of event status.

The standard event Fast Facts and/or E-Mail messages and the sequence in
which they will be announced are:

Standard Event Message: Announce Out-of-the Money Exercise and In-the-Money
Do Not Exercise Submissions
Approximate Time of Message Availability: 5:45 PM
Usual Event Time: 5:45 PM
Announced via Fast Facts

Standard Event Message: Announce Final Input to C21 Cutoff Time
Approximate Time of Message Availability: 6:30 PM
Usual Event Time: 6:45 PM
Announced via e-mail

Standard Event Message: All positions are deemed final
Approximate Time of Message Availability: 7:30 PM
Usual Event Time: 6:45 PM
Announced via Fast Facts

Standard Event Message: Announce Exercise/Assignment Information Available on
the Single Position Maintenance Windows
Approximate Time of Message Availability: 8:25 PM
Usual Event Time: 8:30 PM
Announced via Fast Facts and e-mail

Standard Event Message: All Report Distribution is completed
Approximate Time of Message Availability: 11:00 PM
Usual Event Time: 11:00 PM
Announced via Fast Facts

The times appearing in the Usual Event Time column are based on normal
operational conditions and could vary.

NYMEX EXPIRATION DAY PROCESSING OVERVIEW OF MEMBER REQUIREMENTS

Time: 5:30 PM
Activity: Exercise Notice Submission
Event: Input to C21 Cutoff Time
Reference Number: 1

Time: 5:30 PM
Activity: Do Not Exercise Submission
Event: Input to C21 Cutoff Time
Reference Number: 2

Time: 5:45 PM
Activity: Announce Out-of-the-Money Exercise and In-the-Money Do Not Exercise
Submissions
Event: Fast Facts Notice
Reference Number: 3

Time: 6:30 PM
Activity: Announce Final Input to C21 Cutoff Time
Event: C21 E-mail
Reference Number: 4

Time: 6:45 PM
Activity: Final Input to C21 Cutoff Time
Reference Number: 5

Time: 7:30 PM
Activity: All Positions are Deemed Final
Event: Fast Facts Notice
Reference Number: 6

Time: 8:25 PM
Activity: Announce Exercise/Assignment Information Available on the Single
Position Maintenance Windows
Event: Fast Facts Notice and C21 E-mail
Reference Number: 7

If you have any questions concerning these procedures, please contact Charles
V. Bebel at 299-2130, Angel Rivera at 299-2150 or Anthony Di Benedetto at
299-2152 prior to the expiration date.

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

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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.


Gregg,

My thoughts on Allegheny's changes to the Master are similar to Mary's.  I am
generally fine with the changes except 1) I would counter with lowering the
liquidated damages to 10 cents (ultimately, this is a business decision)  and
2) I would tell them that we need arbitration.  In some respects, it is more
likely that disputes would arise under this type of deal so it is even more
important to have arbitration. Please let me know if you want me to talk to
anyone at Allegheny about their changes.

Stacy
----- Forwarded by Stacy E Dickson/HOU/ECT on 04/11/2001 01:50 PM -----

	m.klyasheff@pecorp.com
	04/10/2001 04:23 PM

		 To: RRodrig5@enron.com, Gregg.Penman@enron.com, t.hermann@pecorp.com,
r.dobson@pecorp.com, r.rodriguez@pecorp.com
		 cc: Stacy.E.Dickson@enron.com, jeffrey.t.hodge@enron.com, s.halfin@pecorp.com
		 Subject: RE: Allegheny Term sheet and contract comments

 Attached, for your review, are my comments on Allegheny' proposed
revisions to the enovate Master Agreement.  The short answer is that I do
not oppose any of the changes, but there are at least two items that I
consider business decisions.
 <<Allegheny Master K memo 04-10-01.doc>>

> ----------
> From:  Rodriguez, Roy
> Sent:  Monday, April 09, 2001 5:02 PM
> To:  'RRodrig5@enron.com'; 'Greg Penman'; Hermann, Timothy; Klyasheff,
> Mary P.; Dobson, Richard E.
> Subject:  Allegheny Term sheet and contract comments
>
> <<File: Master Gas Firm Purchase Sale Agreement - clean
> 3Apr01.doc>><<File: Master Gas Firm Purchase Sale Agreement - marked
> 3Apr01.doc>>
> Attached are comments from Allegheny, please review and provide comments
> to me by Wed. afternoon or earlier if possible.
>
> Thanks everyone
>
> -----Original Message-----
> From: Kostiner, Barry (CICG - NY SWAPS)
> [mailto:bkostiner@exchange.ml.com]
> Sent: Monday, April 09, 2001 4:53 PM
> To: 'r.rodriguez@pecorp.com'
> Cc: Kapoor, Ravi (CICG - NY SWAPS)
> Subject: FW: enovate
>
>
> I made an additional revision, changing CCT to CPT for the time zone.
>
> > Attached are the clean and blacklined versions of the enovate Gas
> Agreement and Confirmation.
> >
> > >  <<Balancing Service Term Sheet - clean 3Apr01.doc>> > >  <<Balancing
> Service Term Sheet - marked 3Apr01.doc>> > >  <<Master Gas Firm Purchase
> Sale Agreement - clean 3Apr01.doc>> > >  <<Master Gas Firm Purchase Sale
> Agreement - marked 3Apr01.doc>>
> >
> >
>

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 - Allegheny Master K memo 04-10-01.doc