p a p e r l o o p . c o m   s p o t  p r i c e
n e w s   s e r v i c e

MONDAY, Nov. 19, 2001

<http://www.paperloop.com>

----------------------------------------------------
IN THIS ISSUE:
----------------------------------------------------
* Spot market overviews for pulp and containerboard
* Top market news for pulp and containerboard
* Pulp and containerboard statistics
* Pulp futures
* About Spot Prices
* Paperloop services
* Subscribe / Unsubscribe
* Contact us

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

Paperloop.com's Pricing Center brings together all
the pricing data available to Gold Access and Premium
Research subscribers. Here you'll find Spot Prices
for various grades of pulp and containerboard in the
U.S., Europe and Asia; transaction prices for nine
categories of fiber, paper and board; Futures pricing
for pulp and printing/writing grades; and our Global
Price Histories Database.

<http://cm.paperloop.com/redirect.jsp?cmID=C1492697L6654U62309>

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
				*** MARKET PULP ***
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

U.S. pulp spot market prices mixed

SAN FRANCISCO, Nov. 19, 2001 - In U.S. spot markets,
benchmark northern bleached softwood kraft (NBSK) pulp
prices saw little change from two weeks ago.
<http://cm.paperloop.com/redirect.jsp?cmID=C1492697L6655U62309>

....................................................
Suppliers see success with price rises in Asia

SINGAPORE, Nov. 19, 2001 - Suppliers' efforts to
push up pulp prices have borne fruit in the Korean
and Chinese spot markets where prices have firmed.
Trading volumes have also increased slightly.
<http://cm.paperloop.com/redirect.jsp?cmID=C1492697L6656U62309>

....................................................
Europe's spot pulp market remains quiet

BRUSSELS, Nov. 19, 2001 - Europe continues to play
host to a lackluster pulp spot market, as regular prices
after discounts and rebates leave little room for
profitable one-off deal making.
<http://cm.paperloop.com/redirect.jsp?cmID=C1492697L6657U62309>

----------------------------------------------------
TOP MARKET NEWS
----------------------------------------------------

Arauco to move forward with $1.2 billion pulp plant in Chile

SANTIAGO, Nov. 15, 2001 - Chile's Celulosa Arauco y
Constitucion said it will continue with plans to
build a new $1.2 billion pulp mill in the south of the
country.
<http://cm.paperloop.com/redirect.jsp?cmID=C1492697L6658U62309>

....................................................
Sarawak government looks to buy out APP's stake in Borneo Pulp & Paper

SINGAPORE, Nov. 13, 2001 - The Sarawak state government
in east Malaysia is negotiating to buy out Asia Pulp &
Paper's 60% stake in the Borneo Pulp & Paper project.
<http://cm.paperloop.com/redirect.jsp?cmID=C1492697L6659U62309>

....................................................
Skeena gains breathing space while talks with Mercer continue

BRUSSELS, Nov. 15, 2001 - Mercer International has
been granted exclusive rights to negotiate with the
government of British Columbia over the potential
acquisition of the bankrupt Skeena Cellulose mill.
<http://cm.paperloop.com/redirect.jsp?cmID=C1492697L6660U62309>

....................................................
Tappi Pulping Conference highlights new deinking technology

SAN FRANCISCO, Nov. 9, 2001 - New deinking technology
that uses high voltage electrostatic forces to improve
removal of particles such as ink, wax and stickies was
one of the highlights of the 2001 Tappi Pulping Conference
held Nov. 4-7 in Seattle.
<http://cm.paperloop.com/redirect.jsp?cmID=C1492697L6661U62309>

----------------------------------------------------
STATISTICS
----------------------------------------------------

Norscan market pulp stocks fall 48,000 tonnes in October

SAN FRANCISCO, Nov. 14, 2001 - North American/Scandinavian
(Norscan) chemical paper-grade market pulp producer
inventories declined 48,000 tonnes in October, reversing
an average October rise of 13,700 tonnes recorded over
the past 10 years, according to preliminary data from
the Pulp and Paper Products Council in Montreal.
<http://cm.paperloop.com/redirect.jsp?cmID=C1492697L6662U62309>

....................................................
Europulp reports further fall in stocks at European ports in October

BRUSSELS, Nov. 12, 2001 - Stocks of woodpulp at European
ports fell in October compared to the previous month,
but are still well above the levels seen in October 2000.
<http://cm.paperloop.com/redirect.jsp?cmID=C1492697L6663U62309>

----------------------------------------------------
FUTURES
----------------------------------------------------

The PIX benchmark prices for NBSK and BHKP, as well
as Pulpex futures contract prices for NBSK, are
available in the Pulp Grade Center:
<http://cm.paperloop.com/redirect.jsp?cmID=C1492697L6664U62309>

******************************************
          ****Advertisement****

New from clickpaper.com...Price Limit Orders
enable Clickpaper Registered Users to
electronically present their own pricing to
Enron. Have five minutes to take a tour?
View the exciting new tools and screens
available at Clickpaper.com:

<http://cm.paperloop.com/redirect.jsp?cmID=C1492697L6665U62309>

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
			*** CONTAINERBOARD ***
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
----------------------------------------------------
SPOT PRICES IN BRIEF:
----------------------------------------------------

U.S. linerboard spot market prices mixed

SAN FRANCISCO, Nov. 19, 2001 - In U.S. spot markets,
pricing for 42-lb unbleached kraft linerboard fell
$10/ton, while 26-lb semichemical corrugating medium
was unchanged, said paperloop sources.
<http://cm.paperloop.com/redirect.jsp?cmID=C1492697L6666U62309>

----------------------------------------------------
TOP MARKET NEWS
----------------------------------------------------

Inland shuts linerboard machine in Texas

SAN FRANCISCO, Nov. 15, 2001 - Inland Paperboard and
Packaging Inc. has indefinitely shut a linerboard
machine at its Orange, Texas, mill.
<http://cm.paperloop.com/redirect.jsp?cmID=C1492697L6667U62309>

....................................................
Mondi forced to close four plants in the UK

LONDON, Nov. 15, 2001 - Overcapacity in the UK corrugating
market is forcing Mondi Packaging, the country's third
largest producer, to close four of its plants with the
loss of up to 270 jobs.
<http://cm.paperloop.com/redirect.jsp?cmID=C1492697L6668U62309>

....................................................
Stora Enso Packaging acquires stake in corrugated board mill in Greece

HELSINKI, Nov. 14, 2001 - Stora Enso's subsidiary Stora
Enso Packaging Oy has today acquired a 17.5% shareholding
in Agropak ABEE, a Greek corrugated board mill owned by
the Maroulis family.
<http://cm.paperloop.com/redirect.jsp?cmID=C1492697L6669U62309>

....................................................
Temple-Inland extends tender offers for all outstanding shares and notes of Gaylord Container Corporation

AUSTIN, Texas, Nov. 12, 2001 - Temple-Inland announced
that it has extended the expiration dates for its
offer to purchase all outstanding shares of common stock
and its debt offer for Gaylord Container Corp.
<http://cm.paperloop.com/redirect.jsp?cmID=C1492697L6670U62309>

----------------------------------------------------
STATISTICS
----------------------------------------------------

U.S. boxmakers work through weak October, but continue reducing plant inventory

SAN FRANCISCO, Nov. 15, 2001 - U.S. box shipments were
weak in October, which is usually the largest shipping
volume month of the year.
<http://cm.paperloop.com/redirect.jsp?cmID=C1492697L6671U62309>

....................................................
Operating rates for largest U.S. paper/board grades remain under 90% in September

SAN FRANCISCO, Nov. 13, 2001 - With overall U.S. paper
and board production off 6% for the year-to-date through
September, operating rates in the largest sectors remained
depressed because of extensive market-related downtime,
especially in containerboard and newsprint.
<http://cm.paperloop.com/redirect.jsp?cmID=C1492697L6672U62309>

----------------------------------------------------
ABOUT SPOT PRICES
----------------------------------------------------

One important note: The pricing in this newsletter
and paperloop.com's Spot Prices Center should
not be confused with contract pricing reported in
Pulp & Paper Week and PPI This Week. Spot prices can
vary dramatically from what most buyers in the market
are in fact paying. The movement of spot prices does,
however, provide some information as to the future
direction of contract prices. The prices reported here
reflect the market conditions in the week prior to
their publication.

----------------------------------------------------
paperloop.com SERVICES:
----------------------------------------------------

* News & Information -- industry-specific news & research
<http://cm.paperloop.com/redirect.jsp?cmID=C1492697L6673U62309>

* Technology Centers -- a storehouse of papermaking knowledge
<http://cm.paperloop.com/redirect.jsp?cmID=C1492697L6674U62309>

* Online Magazines -- Pulp & Paper, PPI and more!
<http://cm.paperloop.com/redirect.jsp?cmID=C1492697L6675U62309>

* Online Help Desk -- Solutions Advisor
<http://cm.paperloop.com/redirect.jsp?cmID=C1492697L6676U62309>

* e-Marketplace -- locate products & connect with vendors
<http://cm.paperloop.com/redirect.jsp?cmID=C1492697L6677U62309>

* RFQ -- quickly & easily request supplier quotes on all types of products
<http://cm.paperloop.com/redirect.jsp?cmID=C1492697L6678U62309>

* Career Network -- hundreds of industry job openings
<http://cm.paperloop.com/redirect.jsp?cmID=C1492697L6679U62309>

* Consultant Locator -- find the right firm for your project
<http://cm.paperloop.com/redirect.jsp?cmID=C1492697L6680U62309>

* Sign up for a free trial membership to paperloop.com
<http://cm.paperloop.com/redirect.jsp?cmID=C1492697L6681U62309>

* convertingloop.com -- for converters & package printers
<http://cm.paperloop.com/redirect.jsp?cmID=C1492697L6682U62309>

----------------------------------------------------
***  Interested in advertising in this newsletter
 or on paperloop.com?

Contact Lisa Brayer at mailto:lbrayer@paperloop.com
or call +1.415.947.3613

----------------------------------------------------
For details on becoming a Commerce Partner, contact
Karen Murray at mailto:kmurray@paperloop.com
or call +1.415.947.3636

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

p a p e r l o o p . c o m   d a i l y   n e w s   s e r v i c e

Unsubscribe:
To unsubscribe to this newsletter,
please click here:
<http://www.pubservice.com/pleml01.asp?email=MONIKA.CAUSHOLLI%40ENRON.COM>

Subscribe:
To subscribe to this newsletter,
please click here:
<http://cm.paperloop.com/redirect.jsp?cmID=C1492697L6683U62309>

Global e-customer service:
<http://cm.paperloop.com/redirect.jsp?cmID=C1492697L6684U62309>

Phone: 800.565.9226 in the U.S.
 32.2.538.6040 outside the U.S.
Email: <mailto:info@paperloop.com>

Email the editor:
<mailto:nmcintosh@paperloop.com>

Forgot your Password?
<http://cm.paperloop.com/redirect.jsp?cmID=C1492697L6685U62309>

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Copyright 2001 paperloop.com. All rights reserved.

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~


Understanding and Applying Financial  Mathematics Venue Change- London,
September 21 & 22:
Please note that I am faxing you a form which  states a venue change for the
above listed course. Just to reconfirm, the  training course will now be held
at the following location:?
The White Hall  Hotel
2-5 Montague Street?
London
WC1B 5BU?
T 011 44 207 580 2224?
F 011 44 207 580 5554
Please contact venue search to arrange your accommodations-  011 44 208 541
5656
?
To confirm your acknowledgement of this venue change, please  either fax back
the form or respond to this email. Please contact me with any  questions you
have regarding the change.
?
Regards,
Amy Lamonsoff?
Conference Coordinator?
T(212)925-1864x148
F(212)925-7585?
alamonsoff@watersinfo.com
?
?


Dave,

Please have Steve remove the meters in the following list from the estimate
file.  These were accounting meters set up to represent the offsetting
physical meters.  The physical meters should still receive estimates.

If you have any questions please call.

Gary
---------------------- Forwarded by Gary A Hanks/HOU/ECT on 02/28/2000 02:28
PM ---------------------------

George Grant
02/08/2000 03:28 PM
To: Gary A Hanks/HOU/ECT@ECT, Aimee Lannou/HOU/ECT@ECT, Clem
Cernosek/HOU/ECT@ECT, Pat Clynes/Corp/Enron@ENRON, Daren J
Farmer/HOU/ECT@ECT, Thu Nguyen/HOU/ECT@ECT, Jennifer D Pattison/HOU/ECT@ECT,
O'Neal D Winfree/HOU/ECT@ECT
cc:
Subject:

Gary,

Could you please remove  SCADA/MIPS from the following HPL meters. These
meters are where Mid-Texas interconnects with
PG & E's system, and there should not be any measurement taking place on HPL.
These meters were set up originally when we thought
that every meter on Mid-Texas should automatically have a corresponding meter
on HPL. This assumption is now incorecct.

980388
980389
980390
980391
980392
980393
987271
987260
987283

Thanks
George


Darren was looking at an "old" report.  We re-ran the report and it balanced, which makes sense.

Thanks for your patience while Darren runs up the steep learning curve.

Jim

 -----Original Message-----
From: 	Williams III, Bill
Sent:	Monday, August 13, 2001 8:59 AM
To:	Cavanaugh, Darren; Reyes, Jim
Cc:	Symes, Kate
Subject:	Congestion/Enpower to CAPS variance

Jim and Darren,

We relieved Path 15 congestion for HE 7 on Saturday morning.  We flowed 10 mws from Malin to FC345. This resulted in the 10 mw "variance" in the report. I have added deals to Enpower to flatten the report, these deals are only necessary for the sake of the report. The identical variance in the north and south indicates a wheel or load shift. I prefer to not enter these extra deals. Please see me with questions if you do not understand why the report variance exists.

Thanks,
Bill


Start Date: 12/29/01; HourAhead hour: 1;  No ancillary schedules awarded.  No variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final Schedules\2001122901.txt
###Cannot locate a Preferred or Revised_Preferred Schedule that matches the FINAL Individual Interchange Schedule.  Unable to assign deal number.
###Cannot locate a Preferred or Revised_Preferred Schedule that matches the FINAL Individual Interchange Schedule.  Unable to assign deal number.
###Cannot locate a Preferred or Revised_Preferred Schedule that matches the FINAL Individual Interchange Schedule.  Unable to assign deal number.
###Cannot locate a Preferred or Revised_Preferred Schedule that matches the FINAL Individual Interchange Schedule.  Unable to assign deal number.


Regarding the question as to how much of a "haircut" generators
would be willing to take, we have received the following reports:

- It appears at this point that many generators would be disinclined to
accept a 70% haircut without getting something in return.  For instance,
generators might agree to this in return for immunity from further state
prosecution for damages, anti-trust issues, etc.

- The 70% haicut "consensus" in the legislature should not be overstated. The
Democrats originally proposed this, and the Republicans yesterday essentially
said "me too" in announcing their Plan B.  However, sources report that there
remains disagreement in the legislature over this number, despite the fact
that it is the number most often suggested as of now.

- We will continue to make inquiries on this question and will report in more
detail as soon as possible.


Please plan to attend a run through with Danny of your 2002 Plan Presentations for the Lay Reviews on Thursday, October 25 from 9:00-11:00 in 42C2.  For Omaha room 696.

Thanks

Tracy


BUSINESS HIGHLIGHTS

eSource
eSource, Enron's research group, has experienced an overwhelmingly positive response to the research training which it has hosted.  Participation and interest by Enron employees has exceeded expectations and many classes were quickly filled.  As a result, repeat classes have been offered and new sessions have been added to the program.  In addition to the Lexis-Nexis and Dow Jones classes, eSource has now begun hosting sessions on Piranha (financials and pricing information), Investext (analyst reports and market analysis), Global Access (financials and corporate activity), and Securities Data Corp. (M&A, debt).   eSource has also arranged long distance sessions using interactive web tools for Enron employees around the world.  Watch for e-mails announcing new training sessions, either in Houston or in a virtual desktop mode.

Since our launch in December, the eSearch website has received over 230,000 hits.  The site today offers Enron employees access to 34 electronic databases.  These databases offer the latest financial and business on-line research capabilities in a cost-effective manner.  In this era of information explosion, databases are constantly being reviewed to ensure that Enron's research needs are being met.  If you know of a professionally relevant database that might be added to eSearch, let us know.  Meanwhile, to further fulfill Enron's research needs, eSource is arranging for desktop access to good-old-fashioned libraries too.  Books from public and local university libraries can be located, borrowed and delivered to employees' desks.  This should be particularly helpful for those with more specialized or technical research needs.

We are also proud to report that at a recent local research conference, Enron's eSource was featured as an industry trailblazer for having invented itself into a combined virtual library and intranet-based research center capable of delivering a broad range of research products and services via the user's desktop.  Attendees from Reliant, Shell, Halliburton and ExxonMobil and others were duly impressed.

As for the future, watch for Version 2.0 of the eSearch website, http://esource.enron.com, scheduled to launch soon.  It will feature greater functionality and additional content.  Look for new features like "Industry Overviews" and links to information providers like Frost & Sullivan, Country Watch, and World Energy Markets.

IN THE NEWS

Chicago And Its Suburbs Pick Enron, ComEd For Power Deals
06/06/2001  Dow Jones Energy Service (Copyright (c) 2001, Dow Jones & Company, Inc.)
CHICAGO -(Dow Jones)-The City of Chicago and 47 suburban communities have decided to divide new deals for 400 megawatts of power between Enron Corp. (ENE) and local utility Commonwealth Edison Co., Chicago officials said Wednesday.
In the largest power purchase agreement in Illinois since the state choose to deregulate the industry in 1997, the local government groups will get 60% of their power from Enron and 40% from Exelon Corp.'s (EXC) ComEd. The municipalities use the power for public buildings and public transportation.
Chicago announced Monday that the group has picked ComEd to meet the renewable target by providing 80 megawatts of power created with landfill gas, wind and other sources. ComEd will also provide the coalition with another 80 megawatts of power generated with fossil fuel and nuclear plants, and Enron will provide the other 240 megawatts. The new contracts are expected to go into effect this year.
"We used our purchasing power as local governments to get the best price we could and at the same time to promote competition in Illinois. Enron gave us the most competitive price,"  Chicago Mayor Richard M. Daley said at a press conference.

WELCOME
New Hires
EGM  - Jennifer Morris, Mike Reen, Daniel Fuller, Jason Paterniti
ENA  - Craig Hawkins, Carol Langston, Mark Morrow, Harlan Murphy, Bruce Petitt, Emily Schwarzbach, Alice Wright, Allyson Zykorie

Transfers (to or within)
ENA - Thomas Kalb, Debra Brannen, Juan Camarillo, Richard Orellana
EGM - Joana Bekerman, Eric Tipp, Kellie Metcalf, Ricardo Charvel, Jason Andrade
EIM - Jaime Araoz, Gabriel Chavez, Enrique Cadena, Rosalinda Castillo, Kimberly Chick, Ana Morena, William Brown, Grisela Escamilla, Paul Burkhart, Jodi Coulter, Douglas McDowell, Catherine Pernot

NUGGETS & NOTES

Enron is hosting the Chicago Energy Risk Management Seminar at The Drake Hotel in Chicago on June 14, 2001.  Topics include: Power Outlook, Natural Gas Outlook, Hedging Strategies, Weather Risk Management and Pulp and Paper Risk Management. The RSVP deadline is June 8th so please contact Laura Pena as soon as possible at x 3-5376.  This is a great event for "new" as well as established customers.  There will be a cocktail reception immediately after the presentations.  Enron will also be hosting seminars in Atlanta, Houston, Denver and San Francisco.  Dates to be announced soon.

Congratulations to Kathy and Craig Taylor, manager in East Origination. They are the proud parents of a baby girl, Katherine Montgomery, born on May 25.

Travel tip of the week:
When booking through TAP or ClickTrip, use preferred domestic airline carriers to recognize special Enron discounts.
	American		28%		American West		15%
	Continental		17%		Delta			10-28%
	Northwest		20%		TWA			19-25%
	United			20%		US Airways		30%

Please note: discounts are confidential and should not be disclosed to anyone other than Enron employees.

EnronOnline Statistics
Below are the latest figures for EnronOnline as of June 5, 2001.

*	Total Life to Date Transactions > 1,045,000
*	Life to Date Notional Value of Transactions > $630 billion

experience Enron
Announcing enhancements to experience Enron:
?	To begin your customer's Enron experience, we will send out customized invitations with a Guest Check-In Card that contains detailed instructions about check in.
?	experience ENRON has partnered with the Plaza Reception Desk Staff to create a less stressful check in process for your customers.  Once they present their card, the Plaza Reception Desk Staff will welcome them and present them with a prepared experience ENRON name badge.
?	experience ENRON has also created a new look for your meetings.  Our new table tents, welcome folders, name badges, agendas and presentation templates all have the same look to maintain a consistent feel throughout the visit.
?	All of this is to ensure that your guest has a unique and customized experience that will exceed their expectations and help you reach your business goals faster.
For more information on experience ENRON, visit our website at experience.Enron.com.

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.


Tony Harris
Grbac  30
Mason    0

Gary Taylor
Richardson 10

Gary Lamphier
Herman Moore 45
Thrash    1

Martin Cuilla
Autry  31
Pittman  31
Jackson 11
Jets    1

Bill Kasemervisz
Denver K  1

Mike Morris
Philly K   0


Would you mind setting up an interview for us with Greg Thomas, resume
attached below.  I think Dave Baumback, Kam Keiser, Errol McLaughlin, Darron
Giron and myself need to interview him.  Groups of two at time would be
preferred.  Thanks.
PL

---------------------- Forwarded by Phillip M Love/HOU/ECT on 03/12/2001
01:33 PM ---------------------------

	Enron North America Corp.

	From:  Kam Keiser                           03/12/2001 09:15 AM

To: Phillip M Love/HOU/ECT@ECT
cc:
Subject: Greg Thomas - Resume

---------------------- Forwarded by Kam Keiser/HOU/ECT on 03/12/2001 09:13 AM
---------------------------

"Thomas, Greg" <gsth@lubrizol.com> on 03/09/2001 03:07:02 PM
To: "'kam.keiser@enron.com'" <kam.keiser@enron.com>
cc:
Subject: Greg Thomas - Resume

I received your name and contact information from Lia Halstead, whom I am in
class with in the University of Houston's PMBA program.  Please find
attached my resume for your review.  I graduated from Texas A&M with a B.S.
in Chemical Engineering and am currently working on an MBA.  My experience
has been in operations management, but my plan is to  transition into a more
business/commercial function so that I can continue to grow professionally.
Thank you in advance for your time and consideration.

Greg Thomas
gsthomas@ev1.net <mailto:gsthomas@ev1.net>
281-478-5624 (home)
281-479-2851 ext. 3597 (office)

 <<Gregory S Thomas.doc>>

 - Gregory S Thomas.doc


Please note that my email address has been changed to: jhanley@riskwaters.com
Please update your address books.
Thanks.
Joel.

Direct: +44 (0) 20 7484 9885

www.riskwaters.com

 - att1.htm


I tracked down some old books and ran into a few good quotations to make some slides either critical of price controls in practice or showing how the economics profession has been opposed to maximum price ceilings.


John, Please follow-up on this.  Thanks...

 -----Original Message-----
From: 	Corman, Shelley
Sent:	Monday, October 29, 2001 1:37 PM
To:	Long, John; Dowden Jr., Jimmy
Subject:	Can You Refer This Residential Gas Service Call?

We received a call this morning from a gentleman, Todd Bearden (954-981-1101), who recently moved into a home in Hollywood FL and is trying to obtain information about gas service, could one of you pass this request on the appropriate person at NUI-City Gas or TECO/PGS?


REMINDER:

Thursday, April 26, is the deadline to sign up for 1-unit courses here in
the Evening MBA office (not Telebears).

If you cannot come in, please call (510) 642-1406 and we'll sign your name
to the list (Speaking for Management, Diversity Management, Non-Profit
Boards).

Thanks!
TJ


Pat,

I have faxed to you the financial statements of  Total Austral S.A..

We are potentially entering into a MSA with this customer. The first
transaction we are thinking about is a financial Swap to hedge their
Propane-Butane production in Caadon Alfa according to the following details:

1. Swap      Prices     Prices
SWAP (cents/ gallon) - Bid	1 year	6 months
Propane	35 3/4 	38 3/4
Butane	40 3/4	43 1/2

2. Put Option
Put Option (cents/gallon)	1 year - Premium	1 year - Strike	6 months - Premium	6 months - Strike
Propane 	2.5	32 3/4	2	35 3/4
Butane	3.0	37 3/4	2 3/8	42

Propane
Volume: 45.000 metric tons.
Starting date: Nov 1
Butane:
Volume: 19.000 metric tons.
Starting date: Nov 1

Sara: Would you please start drafting an MSA with Total Austral S.A.? Please
let me know if you need any aditional information.

Regards

John Shoobridge


New NDA for the Online Team, this time relating to ecommerce and business to
business strategies.  Any conflicts...


There will be a video conference meeting today from 11 to 12 central time.  If you have any questions let me know.

Thanks,
Jessica


01/04/01
PJM

To: Vincent Kaminski
 ENRON

Re:  "PJM 101: The Basics" Training Course

You are confirmed for the following course:

 "PJM 101: The Basics" Training Course on Tuesday, February 27, 2001
from 9:00 a.m. to 12:00 noon and 1:00 p.m. to 4:00 p.m. on the Internet.

We encourage you to coordinate participation in this workshop with others at
your location by organizing a conference room with Internet and phone access.

No fee will be charged to PJM members; nonmembers will be invoiced $500.00 to
attend the course.  The fee is nonrefundable. Non-members will be charged only
for each connection. Multiple participants may watch on a single connection.

In order to participate in the course, you will need a computer with Internet
connection on at least a 56K modem and a Java compliant browser, at least
version 4.5 of Netscape or Internet Explorer. You will also need a phone
connection. Phone charges will be paid by PJM for domestic callers.
International callers must pay for their own long distance charges.

Our course is being produced by Virtual-Workshops.com. A few days from now you
will receive registration confirmation from them. A few days prior to the
course, you will receive log-on and dial up instructions from them as well as
files of the slides which will be used so that you can print them out and take
notes if appropriate.

If you need additional details, you can call me on 610-666-8981 or call our
Customer Service Hotline at (610) 666-8980.  We look forward to your
attendance
at our program.

Sincerely,

Carolyn Mullen
Customer Relations & Training


This version includes Jim's and Ken's suggestions.

Best,
Jeff


Our discussion session w/ Ken Raisler on the CFMA is scheduled for 1 to 3
p.m. Monday, March 5th in Sandalwood Rooms A & B at the downtown Hyatt
Regency Hotel.

Does anybody have any input/suggestions/requests on topics to be covered?  If
so, please reply by e-mail.  Thanks -- Bob

Robert E. Bruce
Senior Counsel
Enron North America Corp.
T (713) 345-7780
F (713) 646-3393
robert.bruce@enron.com


Joe, thanks for the message. It has been my experience that people who have
had experience in our trading, mid market and structuring groups have a
better overall understanding of how Enron (ECT or ENA) looks at value and
manages risk.  Personally, this is the track I took which included a very
solid foundation in accounting, operations, trading, structuring and then
ultimately in origination.

I hope this helps.

Regards
Delainey
---------------------- Forwarded by David W Delainey/HOU/ECT on 08/08/2000
10:44 AM ---------------------------

Joseph Short@ENRON
08/03/2000 02:59 PM
To: David W Delainey/HOU/ECT@ECT
cc:
Subject: Follow-up to Comments in enside

Dave-

You mentioned in enside that some of the skills needed to succeed at Enron
are solid structuring skills as well as a grasp of the the accounting, legal,
commercial and credit implications of a deal.  What is the best way to obtain
these skills?  Do you believe it is necessary or worthwhile to work a trading
desk to truly understand how ENA functions?

Thanks,

Joe Short


Jeff:

Does the term renewable refer to only wind/biomass? or does it include the
gas fired cogen's. The answer to this is extremely important? How soon can
you answer this question? What part of the contracts require CPUC approval
(the fixed price?) Is the fixed price the energy component only or does it
include the capacity payment?

 -----Original Message-----
From:  Dasovich, Jeff
Sent: Wednesday, June 20, 2001 3:15 PM
To: Comnes, Alan; Schwarz, Angela; Aden, Beverly; Votaw, Bill; Barreda,
Brenda; Moffett, Carol; Corbin, Cathy; Foster, Chris H.; Liscano, Christina;
Sutter, Craig; Leff, Dan; Whitehead, Debora; Benevides, Dennis; Black, Don;
Dorothy Youngblood/HOU/ECT@ECT; Huth, Douglas; Sacks, Edward; Melvin, Eric;
Dupre, Erika; Hughes, Evan; Deltoro, Fran; Muench, Gayle; Dernehl, Ginger;
Savage, Gordon; Buchanan, Harold; Kingerski, Harry; Iris Waser/HOU/EES@EES;
Steffes, James; Lewis, James; Wright, James; Messina, Jeff; Blachman, Jeremy;
Hewitt, Jess; Hartsoe, Joe; Denne, Karen; Bass, Kathy; Dodgen, Kathy;
Gustafson, Ken; Hughes, Kevin; Lopez, Leasa; Botello, Leticia; Muller, Mark;
Suggs, Marsha; Sunde, Marty; Eggleston, Meredith; Etringer, Michael; Mann,
Michael; Cisneros, Michelle D.; mpalmer@enron.com; Bresnan, Neil; Hong, Neil;
Kaufman, Paul; Warren, Paula; Zdunkewicz, Richard; Leibert, Richard; Shapiro,
Richard; Hennessy, Rita; Roger Yang/SFO/EES@EES; Tijerina, Rosalinda; Sandra
McCubbin/NA/Enron@ENRON; Novosel, Sarah; Gahn, Scott; Stoness, Scott; Dick,
Sharon; skean@enron.com; Leslie, Tanya; Lair, Tasha; Ted Murphy/HOU/ECT@ECT;
Greenlee, Terri; Belden, Tim; Spruiell, Tony; Sharp, Vicki; Gorny, Vladimir;
Curry, Wanda; Bradford, William S.; Corbally, Kathryn; Whalan, Jubran; Riley,
Tony; Sanders, Richard B.; Williams, Robert C.; Wolfe, Greg; Wright, James;
VanUlden, Dirk; Walker, Steve; Rudolph, Jennifer; Wenzel, Martin; Douglas
Condon/SFO/EES@EES; wgang@enron.com; Scott Govenar; Hedy Govenar;
jklauber@llgm.com; Smith, Mike; Neslage, John; Guerrero, Janel; Eric
Letke/DUB/EES@EES; Sanders, Richard B.; gfergus@brobeck.com; Tribolet,
Michael; Frank, Robert; Sanders, Richard B.; gfergus@brobeck.com; Mara,
Susan; Holmes, Chris; Leboe, David
Subject: SCE Reaches Agreement With QFs

----- Forwarded by Jeff Dasovich/NA/Enron on 06/20/2001 05:14 PM -----

	Jean Munoz <jmunoz@mcnallytemple.com> 06/19/2001 11:47 PM 	   To: "'Andy Brown
(E-mail)'" <ABB@eslawfirm.com>, "'B Brown Andy (E-mail)'"
<andybrwn@earthlink.net>, "'Baker Carolyn (E-mail)'"
<cabaker@duke-energy.com>, "'Bob Escalante (E-mail)'"
<rescalante@riobravo-gm.com>, "'Bob Weisenmiller (E-mail)'"
<rbw@mrwassoc.com>, "'Curtis Kebler (E-mail)'"
<curtis_l_kebler@reliantenergy.com>, "Dean. Nistetter (E-mail)"
<Dean.Nistetter@dynegy.com>, "'Douglas Kerner (E-mail)'" <DKK@eslawfirm.com>,
"'Greg Blue (E-mail)'" <gtbl@dynegy.com>, "'Jan Smutny-Jones (E-mail)'"
<smutny@iepa.com>, "'Jeff Dasovich (E-mail)'" <Jeff.Dasovich@enron.com>,
"'Joe Ronan (E-mail)'" <joer@calpine.com>, "'John Larrea (E-mail)'"
<john.g.larrea@williams.com>, "'Julee Malinowski-Ball (E-mail)'"
<jmball@ns.net>, "'Kassandra Gough (E-mail)'" <kgough@calpine.com>, "'kent
Palmerton (E-mail)'" <kent.palmerton@williams.com>, "'Lynn Lednicky
(E-mail)'" <lale@dynegy.com>, "Marie Moretti (E-mail 2)"
<mmoretti@mccabeandcompany.net>, "'Marty Wilson (E-mail)'"
<mwilson@pstrategies.com>, "'McNally Ray (E-mail)'"
<rmcnally@mcnallytemple.com>, "''Nam Nguyen' (E-mail)'"
<nam.nguyen@powersrc.com>, "'Norton Kelli (E-mail)'"
<knorton@mcnallytemple.com>, "'Paula Hall-Collins (E-mail)'"
<paula.hall-collins@williams.com>, "'Pigott Jack (E-mail)'"
<jackp@calpine.com>, "'Richard Hyde (E-mail)'" <rwhyde@duke-energy.com>,
"'Roger Pelote (E-mail)'" <roger.pelote@williams.com>, "'Stephanie-Newell
(E-mail)'" <stephanie-newell@reliantenergy.com>, "'Sue Mara (E-mail)'"
<smara@enron.com>, "'Tom Ross (E-mail)'" <tross@mcnallytemple.com>, "Tom
Williams (E-mail)" <tcwillia@duke-energy.com>, "'Alex Sugaoka (E-mail)'"
<alex.sugaoka@uaecorp.com>, "'Bill Carlson (E-mail)'"
<william_carlson@wastemanagement.com>, "'Bill Woods (E-mail)'"
<billw@calpine.com>, "'Bob Ellery (E-mail)'" <bellery@spi-ind.com>, "'Bob
Gates (E-mail)'" <bob.gates@enron.com>, "'Cody Carter (E-mail)'"
<cody.carter@williams.com>, "'Curt Hatton (E-mail)'"
<Curt.Hatton@gen.pge.com>, "'David Parquet'" <david.parquet@enron.com>,
"'Dean Gosselin (E-mail)'" <dean_gosselin@fpl.com>, "'Doug Fernley (E-mail)'"
<fernley.doug@epenergy.com>, "'Duane Nelsen (E-mail)'"
<dnelsen@gwfpower.com>, "'Ed Tomeo (E-mail)'" <ed.tomeo@uaecorp.com>,
"'Eileen Koch (E-mail)'" <eileenk@calpine.com>, "'Eric Eisenman (E-mail)'"
<eric.eisenman@gen.pge.com>, "'Frank DeRosa (E-mail)'"
<frank.derosa@gen.pge.com>, "Frazier Blaylock (E-mail)"
<frazier_blaylock@ogden-energy.com>, "'Hap Boyd (E-mail)'"
<Hap_Boyd@enron.com>, "'Hawks Jack (E-mail)'" <jack.hawks@gen.pge.com>, "'Jim
Willey (E-mail)'" <elliottsa@earthlink.net>, "'Joe Greco (E-mail)'"
<jgreco@caithnessenergy.com>, "'Jonathan Weisgall (E-mail)'"
<jweisgall@aol.com>, "'Kate Castillo (E-mail)'" <CCastillo@riobravo-gm.com>,
"'Kelly Lloyd (E-mail)'" <kellyl@enxco.com>, "'Ken Hoffman (E-mail)'"
<khoffman@caithnessenergy.com>, "'Kent Fickett (E-mail)'"
<kfickett@usgen.com>, "'Lynn Lednicky (E-mail)'"
<lynn.a.lednicky@dynegy.com>, "'Marty McFadden (E-mail)'"
<marty_mcfadden@ogden-energy.com>, "'Paula Soos'"
<paula_soos@ogden-energy.com>, "'Randy Hickok (E-mail)'"
<rjhickok@duke-energy.com>, "Rick S. Koebbe (E-mail)"
<rskoebbe@powerworksinc.com>, "'Rob Lamkin (E-mail)'"
<rllamkin@seiworldwide.com>, "'Ross Ain (E-mail)'" <ain@worldnet.att.net>,
"'Steve Iliff'" <siliff@riobravo-gm.com>, "'Steve Ponder (E-mail)'"
<steve_ponder@fpl.com>, "'Tony Wetzel (E-mail)'" <twetzel@thermoecotek.com>,
"'William Hall (E-mail)'" <wfhall2@duke-energy.com>,
trusso@mcnallytemple.com, sadlersa@earthlink.net, mstultz@epsa.org,
rtemple@mcnallytemple.com, tracy.fairchild@edelman.com,
megan.beiser@edelman.com, deborah.fiorito@dynegy.com, lchurch@epsa.org, Katie
Kaplan <kaplan@iepa.com>, tcwillia@duke-energy.com, rwhyde@duke-energy.com,
tmcmorrow@manatt.com, Suzy.L.Rodriguez@dynegy.com, ppitts@wiredworld1.com,
mnobili@cal-lobby.com, sscsus@aol.com, kvellandi@pstrategies.com  cc:
Subject: SCE Reaches Agreement With QFs

SCE Reaches Agreement With Alternative Energy Generators

PR Newswire
06/19/01, 11:20p
(Copyright , 2001, PR Newswire)

ROSEMEAD, Calif., June 19 /PRNewswire/ -- Southern California Edison (SCE)
announced today that it has reached an agreement with most of its renewable
Qualifying Facilities (QF) power producers that addresses past payment issues
and future pricing considerations, and creates a mechanism for ending
numerous lawsuits.

"We believe this agreement will help bring stability to an important segment
of California's energy market," said SCE Chairman, President & CEO Stephen E.
Frank.

The plan was negotiated between the utility and key representatives of the QF
industry and facilitated by Governor Gray Davis' office. To date, SCE has
received signed agreements from QFs representing approximately 95% of its
renewable energy capacity and today executed those contracts. The company
hopes that the small number of remaining producers will also agree. Certain
elements of the agreements are subject to the approval of the California
Public Utilities Commission.

The plan calls for generators to provide power at a fixed price -- 5.37
cents/kWh -- over the next five years, eliminating some of the price
volatility that has plagued California's energy markets during the current
crisis. The plan stays all existing legal action, and assures that no new
legal action will be initiated unless the terms of the agreement are not met.

"The people of Edison are committed to pursuing the benefits of negotiated
practical solutions to California's energy crisis," said Frank. "The QF
agreement and the MOU, if approved, are critical steps toward resolving the
crisis. A bankruptcy, in contrast, would lead to years of delay and
uncertainty for our customers and raise serious questions about the business
climate in California."

An Edison International company, Southern California Edison is one of the
nation's largest electric utilities, serving a population of more than 11
million via 4.3 million customer accounts in a 50,000-square-mile service
area within central, coastal and Southern California.

SOURCE Southern California Edison

/CONTACT: Corporate Communications of Southern California Edison,
626-302-2255/


"Larry DeWitt: PACE" <dewitt@nycap.rr.com> writes to the NYISO_TECH_EXCHANGE
Discussion List:

The EDRP and DADRP manuals will be voted on at Thursday's BIC.  We will
start with the manuals as sent out by Kristen Kranz at 5:37 on 5/21.  If we
want to make changes, we will do so through the formal amendment process at
the BIC.  If anyone has changes that rise to that level, please let the rest
of us know very soon so we can review and coordinate possible amendments.
Thanks.

Larry


I dont know what the future holds for me yet but I
know it can only get better. I most probably will be
back on the poly in Oct for 5 months, maybe I will see
you in Jan.

Take Care

Love Lyndon

__________________________________________________
Do You Yahoo!?
Make international calls for as low as $.04/minute with Yahoo! Messenger
http://phonecard.yahoo.com/


TD {font-family: Arial, Helvetica, sans-serif; font-size: 10pt; font-weight: normal; color: black; }   .myWxTitle {font-family: Verdana, Arial, Helvetica, sans-serif; font-size: 10pt; font-weight: bold; color: white; }   .myWxTitle1 {font-family: Verdana, Arial, Helvetica, sans-serif; font-size: 9pt; font-weight: bold; color: black; }   .myWxTitle2 {font-family: Verdana, Arial, Helvetica, sans-serif; font-size: 9pt; font-weight: bold; color: 003399; }   .drkWxTitle {font-family: Verdana, Arial, Helvetica, sans-serif; font-size: 11pt; font-weight: bold; color: black; }   .redWxTitle {font-family:  Arial, Helvetica, sans-serif; font-size: 10pt; font-weight: normal; color: red; }   .blueWxTitle {font-family:  Arial, Helvetica, sans-serif; font-size: 10pt; font-weight: normal; color: blue; }  	 .smallWxTitle {font-family: Verdana, Arial, Helvetica, sans-serif; font-size: 8pt; font-weight: normal; color: white; }  .smallDrkWxTitle {font-family: Verdana, Arial, Helvetica, sans-serif; font-size: 9pt; font-weight: normal; color: black; } 	 .categoryTitle { font-family: Verdana,Arial,Helvetica,Sans Serif; font-size: 10pt; font-weight: bold; color: black; }  .bodyText { font-family: Arial,Helvetica,Sans Serif; font-size: 10pt; color: black; }  .captionText { font-family: Arial,Helvetica,Sans Serif; font-size: 8pt; color: black; }  .sectionTitle { font-family: Verdana,Arial,Helvetica,Sans Serif; font-size: 10pt; font-weight: bold; color: black; }
[IMAGE]
  Doug's weather for 2/4/2002 Update Profile  | Unsubscribe    [IMAGE]  Local Outlook for Houston, TX           5 DAY FORECAST        Hi  Lo  Today  [IMAGE] Scattered Showers 57?F  46?F  Tue  [IMAGE] Rain 49?F  41?F  Wed  [IMAGE] Scattered Showers 54?F  40?F  Thu  [IMAGE] Partly Cloudy 63?F  46?F  Fri  [IMAGE] Partly Cloudy 68?F  44?F      [IMAGE]              DETAILED FORECAST    Today: A few showers early tapering off to a few sprinkles by the afternoon.  High around 57F. Winds NE 10 to 15 mph. Chance of precip 50%. Tonight: A few showers early becoming steady overnight.  Low near 46F. Winds NE 10 to 15 mph. Chance of precip 80%. Tomorrow: Cloudy with periods of rain.  Temps nearly steady in the upper 40s. Winds NE 15 to 20 mph. Chance of precip 90%. Rainfall may reach one inch. Tomorrow night: Periods of rain. Rain becoming heavy at times late.  Low near 41F. Winds N 10 to 15 mph. Chance of precip 90%. Rainfall possibly over one inch.          WEATHER HEADLINES   Cold air sweeps into the East  Blustery northerly winds will draw a reinforcing shot of cold Canadian air as far south as north Georgia and theCarolinas.  [IMAGE] More details   [IMAGE]      MAPS  Doppler Radar Maps  Other Maps    CURRENT CONDITIONS AND 10 DAY FORECAST  Houston, TX   Austin, TX  Corpus Christi, TX  Dallas, TX        IN THE SPOTLIGHT - Ski Features  The powder is piling up! Introducing ski  on weather.com...   Want to know what the weather is like on your favorite ski slopes?  Is the surface snow powdery, or is it packed?  Want more information on the resort?     Our newly revamped Ski section on weather.com  features detailed local forecasts for ski areas worldwide with trail maps, web cams, and comprehensive resort details.  It also includes our exclusive Ski Comfort Index, that helps you decide where and when will be best for skiing.  Ski by it!  weather.com/ski     HEALTH  Are you a human barometer?  Changes in the weather have long been associated with joint pain, headaches and other health concerns.  weather.com's new Aches and Pains section can help you be prepared.    [IMAGE]   Aches & Pains Features   Air Quality Reports   Personal Allergy Profile    click to enlarge        SITE LINKS   For more information on additional topics choose from the following links:    Home and Garden  School Day  Weather In Your Calendar
 You  are receiving this e-mail because you requested The Weather Channel  to send newsletters and announcements to you at doug.gilbert-smith@enron.com. If you feel that you have received this message in error, or if  you no longer wish to receive these messages, you can unsubscribe   anytime.  If you have any questions or concerns about how we use your personal  information, please read our privacy  policy .  We welcome all feedback from our members, please  send us your comments  or questions.  Copyright (c) 1995-2001, The Weather Channel Enterprises,  Inc.  [IMAGE]


Dear Mr. Lay,

My name is Djoefree Hermanto and I am one of Enron
shareholders.

I just like to mention that I really have full
confident in you.

Even though, the current Enron situation financially
impacts my family, but I fully believe any decision
that you will make is definitely the best for everyone
of us.

I'll support you and your team with prayers.

Thank you.

Sincerely,
D. Hermanto

__________________________________________________
Do You Yahoo!?
Buy the perfect holiday gifts at Yahoo! Shopping.
http://shopping.yahoo.com


This is the preliminary report for December 2000.  Fortunately, you have seen
most of the information during the month because the overlays on name changes
were reported as they occurred.  The additions, that were not previously
reported, are highlighted.

The ERMS short name changes will be made on Monday, December 18, after 1:p,
CST.  Please note that the short name for American Public Energy Agency, CP
ID 51134, will also be changed as indicated.  This was a name overlay on the
Nov. 2000 report (see bottom tab on the spreadsheet).   It will change from
ENERGYAME to AMERPUBENE.

Records will be inactivated on Jan 1, 2001.

HAPPY HOLIDAYS!

Cheryl x3-3103


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


yes

 -----Original Message-----
From: 	Redmond, Brian
Sent:	Thursday, February 01, 2001 9:21 PM
To:	Lavorato, John J.
Subject:	Evals

John,

It would probably be more useful if you gave Tom Martin and Jim Schwieger their EOY reviews as part of the trading evaluation process.   Are you up for this?

Regards,
Brian


Dawn,

Kam is out so I checked for Central also.

DG


Mark,

I got your nice letter - hope things are going well.  I'm really looking
forward to seeing you in SF next week.  Have a safe trip.

Jeff


Kim,

Thanks a lot. I appreciate your kind words.

Vince

Kimberly Watson@ENRON
01/19/2000 04:46 PM
To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: promotion

Vince, I want to congratulate you on your promotion to Managing Director!  As
I scanned the list of people who were promoted, I was so pleased to see your
name on the list.  As large as Enron is, it is refreshing to see people like
you with incredible skill and talent  receive deserving promotions.  I have
certainly enjoyed working with you and the R&D team over the past year and
look forward to a successful 2000 as we break new ground for ET&S.  Kim.


Could you please get me some post it notes, various sizes, cool colors
preferred.

Thanks!


vp ranking - call if I missed anyone.

Allen - Superior
Arnold - Strong
Presto - Excellent
Wolfe - Strong
Lagrasta - Strong
Baughman  - Strong
Shively - Superior
Sturm - Superior
Neal - Excellent
Martin- Excellent
Schweiger - Excellent
Belden - Superior
Swerzman- Superior


i am incredible

 -----Original Message-----
From: 	Nelson, Michelle
Sent:	Wednesday, November 21, 2001 9:38 AM
To:	Maggi, Mike
Subject:	RE:

why?  can you?

 -----Original Message-----
From: 	Maggi, Mike
Sent:	Wednesday, November 21, 2001 9:38 AM
To:	Nelson, Michelle
Subject:	RE:

can you dance

 -----Original Message-----
From: 	Nelson, Michelle
Sent:	Wednesday, November 21, 2001 9:30 AM
To:	Maggi, Mike
Subject:	RE:

i can't sing.  that was a joke.

 -----Original Message-----
From: 	Maggi, Mike
Sent:	Wednesday, November 21, 2001 9:29 AM
To:	Nelson, Michelle
Subject:	RE:

well you made me laugh, i want to here you sing

 -----Original Message-----
From: 	Nelson, Michelle
Sent:	Wednesday, November 21, 2001 9:24 AM
To:	Maggi, Mike
Subject:

I think that this is what I said:

You better be in a great mood today!  It's turkey eve, it's cold outside and perfect weather for hot chocolate!  Then I started to sing you some song, but I can't remember which one.  It was a christmas song.  and I told you that you were missing out because you have ever heard me sing.  it was dumb, but funny at the time.


Jerry Hausman, Greg Leonard, and Greg Sidak have a new paper that may interest you. The abstract appears below.
To download the paper, go to

http://papers.ssrn.com/sol3/cf_dev/AbsByAuth.cfm?per_id=206474

The Consumer-Welfare Benefits from Bell Company Entry into Long-Distance
Communications: Empirical Evidence from New York and Texas

JERRY A. HAUSMAN
Massachusetts Institute of Technology (MIT) ; National Bureau of Economic
Research (NBER) ; Lexecon, Inc.
GREGORY K. LEONARD
Lexecon, Inc.
J. GREGORY SIDAK
American Enterprise Institute (AEI)

Abstract:
For years, the effect of entry by the Bell operating companies (BOCs) into in-region interLATA long-distance markets has been the subject of conjecture and debate. Although economic theory suggests why substantial price reductions will occur upon BOC entry, many regulatory economists nonetheless conjectured that such entry would not benefit consumers significantly. Now that regulators have issued the first authorizations for BOCs to commence in-region interLATA service, it is possible to test that conjecture
empirically. In this Article, we report empirical findings that BOC entry has produced substantial consumer-welfare benefits in New York and Texas in the form of lower prices for long-distance service. We find statistically significant evidence that BOC entry enabled the average consumer to reap a 9-percent savings on her monthly interLATA bill in New York and a 23-percent savings in Texas. In addition, we find statistically significant evidence that competitive local exchange carriers (CLECs) have a substantially higher
cumulative share of the local exchange market in states where BOC entry has occurred. This empirical evidence is highly relevant to the BOCs' many remaining applications to provide in-region interLATA service in other states. That evidence also reveals the extent to which the framework used by the Federal Communications Commission and the Department of Justice to evaluate BOC applications for in-region interLATA service has failed to account fully for the interests of consumers. This framework has assumed that BOC entry would not significantly lower long-distance prices. But the empirical evidence has demonstrated that this assumption is incorrect. In an attempt to remedy a perceived market failure, the FCC and the DOJ produced a regulatory failure whose losses in consumer welfare run into billions of dollars annually.

J. Gregory Sidak
F.K.Weyerhaeuser Fellow in Law and Economics
American Enterprise Institute
1150 Seventeenth Street, NW
Washington DC 20036
(202) 862-5892 phone
(202) 862-7177 fax
jgsidak@aei.org  or jgsidak@aol.com

You can access my abstracts/papers on the Social Science Research Network
(SSRN) through the following URL  http://papers.ssrn.com/author=206474

J. Gregory Sidak
F.K.Weyerhaeuser Fellow in Law and Economics
American Enterprise Institute
1150 Seventeenth Street, NW
Washington DC 20036
(202) 862-5892 phone
(202) 862-7177 fax
jgsidak@aei.org  or jgsidak@aol.com

You can access my abstracts/papers on the Social Science Research Network (SSRN) through the following URL  http://papers.ssrn.com/author=206474


Tanya:

Further to Richard Sage's memo of earlier, are you handling credit for the
Securities Loan Agreement which Richard is asking for ECI and Bear?

Sara Shackleton
Enron North America Corp.
1400 Smith Street, EB 3801a
Houston, Texas  77002
713-853-5620 (phone)
713-646-3490 (fax)
sara.shackleton@enron.com


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 01/10/2000
12:37 PM ---------------------------

Ludkam@aol.com on 01/10/2000 11:40:44 AM
To: Vince J Kaminski/HOU/ECT@ECT, VKaminski@aol.com
cc:
Subject: czeki

#1243  $266.00   #1244  24.00       L.


VAR WEEKLY MEETING NOTES

The following deliverables were agreed to and assigned as noted:

 Volume percentages by all categories for both truck and pipelines  - Jim
Martel by 10/20

 Prepare a nominated versus actual report on a daily basis   - Biaggio Mcphee
by 10/27

 Prepare a value at risk position for both Our barrels, priced and unpriced,
as well as barrels that are not Ours. - Yolanda Monteiro by 11/15

 Prepare a schedule of deadlines for nominations on all pipelines   - Lisa
Meyer by 10/27

 Strategy and Category into Right Angle; call Solarc for a date   - David
Hultsman report back 10/27

 Document the current and future nomenclature for Strategy and Category -
Yolanda Monteiro by 10/27

 Post an interest rate curve for EOTT      - Yolanda Monteiro..no date
specified

We discussed all of the above items in detail.  We also discussed providing
the information already gathered for the Strategies and this will be brought
to the next meeting.  There were several discussions regarding the current
state of daily inventories and Jim Martel was to schedule a meeting regarding
this topic for 10/19.  Notes from that meeting will be presented 10/27.

Biaggio Mcphee created a Fact/Dimension table reflecting the data tables
described as necessary for the project to proceed.  A copy of that Fact view
will be delivered to all at the next meeting.

The notes from last meeting were reviewed  in some detail.  Bjorn mentioned
that for the Options in PR, Yolanda needed to provide Deltas, Gammas and Term
Structures with the proper time bucket and expiration alerts.  No deliverable
or time frame was established for this request.  Biaggio was asked to provide
the Lease information flow in barrel volumes from the field to RA.  Next
meeting he will discuss the timelines to achieve the database loads from the
diagrams.


is Lavorato on distribution list?


paul.  please leave the number on paul's voicemail since he's traveling.
thanks a billion.


Business casual is the order of the day here.  Ties are definitely not
necessary.

Are you spending the night downtown?  If so, you may want to just park at the
hotel.  Lots of the streets downtown are under construction, so I'm a little
hesitant to give directions.  Enron is located fairly close to the Hyatt, and
their garage is easy to find.  Enron just opened a new parking garage, but
I'm not sure if it is open for visitors yet.  Alternatively,  the Allen
Center Garage is connected to the Enron building via an above-street walkway.

If it was me and I was working and staying downtown, I would take a taxi.
This is partly because I have an under-developed sense of direction, and
partly because of the construction downtown.

Hope this helps.

Kay

"Wilson Montjoy" <wmontjoy@brunini.com> on 05/08/2001 11:15:13 AM
To: <Kay.Mann@enron.com>
cc:

Subject: Re: Visit to Houston

My flight is scheduled to arrive at Hobby at 7:45 am, and I plan to rent a
car. I assume I can get downtown by 9 to 9:30. Would that be OK? I assume we
can finish our business within an hour.

Any special instructions on where to go in your building? Also, if my other
business does not require a coat and tie, does your office observe business
casual dress like so many others?


Please send me your updates and/or new items for the Monthly and Weekly
Reports by Tuesday December 5.

I've attached both reports.


FYI.  Report by the business community of the impact of blackouts on the Cal
economy.  Getting a considerable amount of play here.

Best,
Jeff

P.S.  Karen, could you forward to our buddies at Marathon?  Thanks very much.
----- Forwarded by Jeff Dasovich/NA/Enron on 04/26/2001 01:05 PM -----

	"Laura Goldseth" <lgoldseth@svmg.org>
	04/26/2001 12:11 PM

		 To: <lgoldseth@svmg.org>
		 cc:
		 Subject: Final BAEF report

Please  find attached the final?and well waited for version of the Bay Area
Economic Forum Report - "A Knowledge Economy Still Needs Power".? I am
looking into getting hard copies of the report for those interested.?  Thanks
for your patience.? Laura
?
?
 - BAEF Report (FINAL).pdf


Start Date: 1/27/02; HourAhead hour: 3;  HourAhead schedule download failed. Manual intervention required.


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 05/12/2000
08:15 AM ---------------------------

Scott Adams <dilbertnewsletter@unitedmedia.com> on 05/11/2000 07:47:45 PM
To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: Dilbert Newsletter 30.0

Dilbert Newsletter 30.0
------------------------

To:     Dogbert's New Ruling Class (DNRC)
From:   Scott Adams (scottadams@aol.com)
Date:   May 2000

   Highlights:
------------------------------------------------
- Elian Invasion
- TV Show Update
- True Tales of Induhviduals
- Streaming Video of a Mystery in My Office
- Dogbert Answers My Mail
------------------------------------------------

Elian Invasion
--------------

Many of you in the U.S. have been following the fate of the little
Cuban boy Elian, who came to the United States via a
dolphin-powered inner tube.  Some people believe Elian is some sort
of Holy Child because the dolphins helped him, and because he's
small, leading people to assume he is a child.  I was a believer in
the Holy Child theory until the INS swarmed Elian's relatives' home
and took him against his will.  "Where were the dolphins then?" I ask.

Maybe they were lazy dolphins.  Whatever their excuse, I'm
disappointed that we didn't get to see the INS and the dolphins
fight it out, hand-to-flipper.  That would have been good TV.
Dolphins have a great defensive move where they suddenly turn
around so your fist gets stuck in the blowhole.  Then they beat you
senseless with their powerful tails.  I think we'd all like to see that.

On the plus side, by my reckoning, Elian's dilemma has saved the
lives of at least two celebrities, maybe more.  As you know, during
slow news periods the major networks kill celebrities and make it
look accidental.  Personally, I won't board an airplane unless the
newspaper is packed with good stories.

I prefer the media's latest news-creating technique, wherein they
blame NASA for launching rockets into space and losing them.  In
reality, NASA hasn't done much of anything since 1969, when they
sent three guys in helium-filled space suits to New Mexico with a
black and white camcorder.  I still remember where I was when I saw
it on TV.  I was on Earth.

Dilbert TV Fate
----------------

I'm not exaggerating when I say that literally dozens of people
noticed when Dilbert disappeared from UPN's lineup on American TV.
Officially, UPN told me the show was put on "hiatus."  Or maybe
they said they "hate us."  It sounds the same on the telephone when
you're sobbing.

Apparently someone noticed there were four new episodes that had
never aired.  So, starting on Tuesday, May 30th at 8:30 p.m.
Eastern  (7:30 Central), the first of the new Dilbert shows airs.

In a master stroke of UPN programming brilliance, Dilbert follows
Shasta McNasty, a show geared toward viewers who are...how can I
say this...very likely to die in bowling ball cleaning machine
accidents.  Fortunately, Shasta is a filthy and sophomoric show, so
it will corner the market on perverts and unsupervised minors.
It's a perfect lead-in audience for an animated Dilbert TV show.
If you don't understand that, you will never be a television executive.

The other networks are running nothing but commercials during that
time period.  You don't need to check.  Trust me on this.

March 21st Explained
--------------------

Many readers were confused by the March 21st strip featuring
Dilbert's future self visiting his past self from across time.
Dilbert asks the future Dilbert how his head got wrinkled.  Future
Dilbert points to a device on his chest with a hole in the center
and says, "Stick a finger in this hole."  That's the whole joke.

This is an example of a cartoon that appeals to no one but me, or
so I discovered from my e-mail.  I like the idea that a future
Dilbert would invent a device that has no other purpose than to
make your head deformed.  It's one of those inventions that seem
like a good idea until you try it.  But the funny part (okay, just
to me) is that he would advise his past self to stick a finger in
it, thus making the same mistake twice.

In retrospect, it was just a bad cartoon.  There wasn't enough
information.  But it made me laugh.  If you think the cartons are
made for your benefit, maybe you shouldn't be so selfish.

Why Do Some People Get Paid?
----------------------------

A reader sent me this story:

"Our coffee room has a bulletin board. One day a woman with a ruler
and a clipboard came in and measured the distance between the
postings on the board with the ruler. She took great care to
measure the height and width between each piece of paper, and
between the pieces of paper and the edges of the board. Then,
without a word, she checked off something on the clipboard and went away.

"I was in a daze for the next fifteen minutes.  I couldn't
concentrate during the following meeting. I wondered, does this
woman actually get paid for this? Does she find fulfillment in her
work? Who came up with the idea for this job? Are THEY just playing
with our minds, whoever THEY are?

"Needless to say I went back to the coffee room after the meeting
and moved all the postings around."

[Editor's note: To me, the funny part is that the author of this
story got paid for sitting in a daze during a meeting and later
rearranging the scraps of paper on a bulletin board.]

The DNRC at Work For You
-------------------------

A DNRC member reports on another benefit of membership.

"It turns out that my English tutor at Cornell is in the DNRC.  I
told her that I was in the organization too. That was a month ago
and since then I have been getting constant 'check plusses' for my
essays, regardless of my effort.

"Thanks a million!!"

If you're not already showing preferential treatment to DNRC
members, it's time to start.  Remember, only the DNRC has the good
sense to haze people who have no prospect of becoming members.

Getting Free Stuff the DNRC Way
-------------------------------

If you're annoying enough, you can get free services almost
anywhere, as this DNRC member reports.

"My roommate and I put coins in a jar every time we used the phone.
When it was time to pay the bill, we went to the bank to get the
coins counted. The teller said there was a fee for counting money
because we didn't have an account at that bank.  The conversation
went like this:

'How much would it cost if we had an account?'

'Then it would be free.'

'How much does it cost to open an account?'

'Nothing, it's free.'

'How much does it cost to close an account?'

'Um...That's also free.'

'Then we'd like to open an account, count this money, then close
the account. That's all free, isn't it?'

"She spent a few seconds thinking about this, and then she let us
use the money-counting machine, for free."

Spooky Happenings In My Office
------------------------------

Recently I noticed that beverages were disappearing from my office.
I installed a hidden surveillance camera to identify the culprit.
Check out this streaming video link at myvideoshare.com to see what
was happening.

http://www.myvideoshare.com/vm.asp?c=4504&e=10ohm9GBdCOTk&r=y

You'll need a Windows machine, a reasonably fast Internet
connection and Windows Media Player 6.4.  Follow the links at
myvideoshare.com for the free download if you don't have it.  If
you're behind a corporate firewall, hit the "No Video?" button for
instructions on circumvention.

Macintosh zealots should feel free to flame me as usual.

Dilbert.com
-----------

We've revamped the "List Of The Day" area on Dilbert.com.  It's the
most popular part of the site after the comics.  Some of you DNRC
members are impressively funny.  Others just have laughably pitiful
jobs that translate into amusing list items.  Either way, it's
equally funny to me.

We've added a True Tales of Induhviduals page, at
http://www.dilbert.com/comics/dilbert/dnrc/induhvidual.html.
Submit your stories and read those submitted by others.  Feed your
sense of intellectual superiority by reading how dumb other people
are.  It's a guilty pleasure, but pleasure nonetheless.

Another addition to the DNRC section is the cubicle art page, which
features art created by people who were pretending to work. Each
week the best submissions are posted at
http://www.dilbert.com/comics/dilbert/dnrc/cubical.html.

DNRC members-only link icons are now available at
http://www.unitedmedia.com/comics/dilbert/dnrc/membersonly.html.
This link is available only in the newsletter.

If you're looking for the best new comic strip featuring talking
pets, check out "Get Fuzzy" by Darby Conley.  If your paper doesn't
have it yet, use the navigation bar in the top left corner of
Dilbert.com.

Exclusive DNRC-only Offer - While Supplies Last!
--------------------------------------------------------------

Now through May 21st, receive a free Dogbert Swirl Polo with any
purchase from the Dilbert Store. The polo is available in White,
Black and Green while supplies last.

This DNRC offer will not be announced in the Dilbert Store. To get
it, you need to follow this DNRC-only link:
http://www.umstore.com/dilbert/dnrcspecial.htx

Unadvertised store specials will periodically be listed on the DNRC
home page, at http://www.dilbert.com/comics/dilbert/dnrc/index.html

True Tales of Induhviduals
---------------------------

And now, for your reading pleasure, more True Tales Of Induhviduals
-- those clueless-but-entertaining blobs of organic matter that
clog our highways and keep our taxes high.

True Tale
------------

My company has instituted Company Values.  Arranged appropriately,
the values are Fun, Agility, Teamwork, Learning, Integrity and
Empowerment.

The acronym speaks for itself: FAT LIE

True Tale
------------

My school subscribes to a system that is supposed to help us find
jobs when we graduate. It works by asking us what subjects we are
studying, what sort of job we want, etc.

When I input my classes and interests it came up with only two
career suggestions.

Careers in IT
Careers in LAW

Neither choice appealed to me.  I tweaked my entries to see if
other options would appear.  It wasn't until I deleted 'English
Skills' from my list of subjects studied that it added a third
career option.

Careers in MANAGEMENT

True Tale
------------

I was standing in line at the grocery store when a loud voice came
over the intercom saying, 'Okay, shoppers, it's time for our hourly
drawing for a bag of free groceries.' In the front of the store
someone was spinning a big wheel with the numbers 1 to 8 on it. The
voice continued, "If your lane number comes up, and you are at the
front of the line, you win." I noticed that a checker was opening
the register next to me. Just at that moment, the number of that
newly opened lane came up on the wheel. The other customers were
too busy cursing their bad luck to realize that the winning
register was empty.  I casually moved over to that line. With great
fanfare, I was awarded the prize -- a bag of free groceries. It was
filled with bizarre items I would never eat, including cinnamon
rice cakes, canned collard greens, Wonder Bread and the like.  So I
gave the free bag of groceries to a woman who seemed terribly upset
at not winning it herself. She exploded with joy like she had just
won the lottery.

Induhviduals are so easy to please.

True Tale
------------

At Denver International Airport, there are emergency exits, the
type with alarms if they are opened.  Printed on the doors are
signs that say,
"In an emergency, push and hold door for fifteen seconds until
doors open."

[Editor's note: There is a name for people who stand in the
emergency doorway for fifteen seconds during a real emergency:
"flattened."]

True Tale
------------

I went to lunch with a new employee who was not familiar with the
city.  On the way back, he decided to stop at a bookstore.  Hours
later, my boss and I realized that he had not returned.  Fearing
the worst, we called down to our crack security guards and asked,
"If you needed to take someone to the hospital, where would you
take him?"

The guard asked me to hold.  A few minutes later he came back with
the official answer: "the hospital."

True Tale
------------

When I received a check from my previous company for my 401K
rollover, I noticed the date on the check was 1-18-1999, even
though the check was written in January, 2000.  IRS regulations
don't allow 401K rollovers that are more than 90 days old.  I went
to my former place of employment and pointed out the error to the
HR Duhrector, who had originally written the check.  His solution
was to cross out 1999 and write 2000 above it.  Then he initialed
and dated the change... 1/25/99.

True Tale
------------

Here are some true phrases used by my boss:

"Ah, that's the flaw in the ointment."

"There's the gem in the haystack."

"We need to increase sales!  Let's throw some more wrenches in the
fire!"

"I believe that like I believe a hole in the head!"

True Tale
------------

My office is near Orlando, FL.  An Induhvidual in my office noticed
several people leaving the building.  She asked me, "Where is
everyone going?"  I told her we were going to watch the shuttle
launch.  She asked, "Is it outside?"

True Tale
------------

I was buying a newspaper at the convenience store.  The clerk looks
down at the paper and says, "Is that fifty cents or a dollar? I can
never remember."

I pointed to the clearly-visible price of 50 cents printed on the
corner of the paper and said, "Fifty cents. Who'd pay a dollar for
this paper?!?"

"Oh, some people do," said the clerk.

"Really? Why?"

"Because that's what I charge them."

True Tale
------------

My boss called me into his office.  While attaching a keyboard to
his computer, he asked if I would mind going to my desk and running
a particular program.  He needed the data right away and my
computer was the only one set up for this particular function.

I said that it was no problem and headed to my desk, only to find
that it was MY keyboard he had taken.

True Tale
------------

A bank recently sent a letter to its bankcard holders with some
details about its new cards. The first line of the letter is a real
whopper:

"The year 2000 has come quicker than expected!"

[Editor's note: Customers of that bank might want to double-check
their interest calculations.]

True Tale
------------

This conversation actually happened.  The names have been changed
to protect the stupid.

Jack: "G.W. Bush is fairly attractive, especially for a man his
age."

Jill: "Yeah, I guess he's gotten better looking since he was
president."

Jack: "Eh??"

Jill: "I mean, he looks much younger than he did when he was
president in '92."

Jack: "That's because it's HIS SON!"

[Editor's note:  After Dogbert takes over, Jill will be used as a
knickknack on a very large shelf.]

True Tale
------------

Early in my career as an electrical engineer, I worked for the
Navy.  One day a directive was sent to all employees informing us,
"Should you get killed or injured on the job, you are required to
notify your supervisor immediately."

True Tale
------------

True memo from a school principal:

     Do you know if there is any way to adjust the volume on the
     fire alarm? It is shrill and extremely loud.  If we could turn

     the volume down some it would help.

     Please advise,

     Thanks,

     <PHB-Principal>

True Tale
------------

In the dining hall at my school, a sign reads, "At Cornell Dining,

we want all your dining experiences to be successful."

[Editor's note:  Maybe I'm twisted, but I have many images in my
head of what qualifies as "unsuccessful dining" and all of them
seem funny to me.]

True Tale
------------

At our company we frequently need to discard empty boxes that won't
fit in trashcans.  The Induhvidual who picks up the trash ignores
anything outside the trashcan unless you tape a big sign on it that
says "TRASH."  This is very annoying but we've all gotten used to it.

In a seemingly unrelated event, folks started thinking that we
should have a "disaster plan" just in case a tornado wipes out the
building. We were told to gather up copies of everything needed to
put us back into business after a catastrophe.  Hundreds of boxes
full of documents were gathered together, categorized, inventoried,
labeled and put near the dock for transportation to the underground
caves, where they would be safe. The Induhvidual who ignores our
empty trash boxes promptly threw them all out.

True Tale
---------

Our marketing director was nicknamed Axel. He decided to have a
departmental meeting to explain his new role after the
reorganization.

He compared the company to a car, and the various departments as
the wheels.  To finish off, he asked a question. "So, what do you
think keeps the wheels attached to the car?" He expected someone to
shout "The axle," relating to his own role and nickname. To his
annoyance, someone yelled out "The nuts."

True Tale
---------

As I was being terminated, the VP asked that I not be too critical
of him in case he hadn't made the right choice in firing me. This
was an unpleasant experience for him. He also asked for my
understanding because he might have to fire more people later in
the week.  In the company's management training, they stress the
need for empathy when letting an employee go. No doubt he missed
the part where they said empathy TOWARDS OTHERS.

True Tale
---------

I was having dinner recently at a nice restaurant and I asked the
waiter if the soup had meat in it.  His reply:  "Not really."

True Tale
---------

I'm a Democrat but I voted in the Republican primary because I can
in South Carolina.  While in line at the voting location I talked
to two married Induhviduals. One was voting for Bush and the other
for McCain.  When I asked them if they weren't concerned that their
votes would cancel each other out, the husband said, "Well, we
wouldn't normally even vote, but we wanted to come out and cancel
out all those Democrats who were going to vote Republican today."

Revenge Is A Dish Best Served to Someone Else
---------------------------------------------

Approximately every ten minutes some @$$hole gives out my public
e-mail address instead of his or her own to an online store.
People do this so they don't get deluged with junk mail.  But
online stores are getting smarter.  They send confirmations to my
address before initiating the service or mailing the product.  The
confirmation letters often include information identifying the
culprit.  Recently a Patricia White from Virginia ordered some
magazines online and used my e-mail address so I would get her junk
mail.  I was more than happy to "correct" her name as it would
appear on the shipping labels of her monthly magazines.

Here was my response to the online store's confirmation request.

Dear Sirs,

re: Order Number: 16496863

Please change my last name to my married name, as I will be using
that more commonly.

     Old name: Pat White

     Change to New name: Pat McGroin

Thank you for your attention.

    P. McGroin

Dogbert Answers My Mail
-----------------------

In this section, Dogbert answers my mail.  These are real e-mail
messages sent to me.  The names have been changed to make them
easier to mock.

The first letter is from someone who objected to my strip in which
Dogbert gave Ratbert a bumper sticker reading WWDD (What Would
Dogbert Do).  It was inspired by the popular WWJD (What Would Jesus
Do) bumper stickers.  I thought I was mocking bumper sticker
wisdom, not Christianity, but many readers felt differently.

Dear Mr. Adams,

I have long been a fan of Dilbert, but your strip of today was
worse than witless.  Your cartoon that mocks the WWJD slogan serves
no purpose other than to profane.  You obviously had a case of IQ
catatonia when you drew it.  Evidently, it spread to your editor as
well when you submitted it.  Keep it up and you'll be relegated to
the ash heap of once-trendy nitwits who didn't know the difference
between humor and inflammatory idiocy.

    Byron C.
    Alabama

Dear Boron,

I'm glad you are committed to your philosophy of doing what Jesus
would do.  I assume that includes writing insulting letters to
cartoonists on company time.  Apparently the bibles in Alabama have
a few extra chapters.  If I were you, I wouldn't take too many
suggestions from the Book of Willy.

     Sincerely,

     Dogbert

----

(This message suspiciously had no greeting)

You are an incredible talent, and I am always impressed by your
work.

Cutting to the chase, I have established a web site to help fund my
college tuition. It is www.justinduke.com.  If you like anything
you see there, please send me a dime.

If you like, tell your friends, thanks.

      Justin

Dear Dustbin,

If your web site sucks and your message to me is a poorly disguised
mass mailing, please send me a dime.

      Sincerely,

      Dogbert

-----

Dear Mr. Adams,

We are currently trying to raise money to buy new uniforms and
instruments for the Knoxville schools' music programs.  We are
organizing a celebrity auction, and would be greatly honored if you
could donate an autographed item or some other piece of memorabilia
to help make our auction a success.

Sincerely,
Terry F.
Vice-President Knoxville Music Boosters

Dear Hairy F.,

I can think of no charitable cause more worthwhile than increasing
the supply of bad music in Knoxville. Unfortunately, Mr. Adams has
already given away most of his possessions to other celebrity
auctions.  It's slim pickings now.  But you could have his comb
(rarely needed), his old toothbrush (in six months), and the holes
in his socks.

       Sincerely,

       Dogbert

---

Dear Reader,

Hello! I'm Avinash from Bombay, India. I'm 18 years old and am
presently in college. I require a currency note of any denomination
from the United States of America or any Latin American country for
a geography project that I'm presently working on. I would be
extremely grateful if you could mail a note to my address which
I've written below. If you cannot, then thanks anyway for taking
the time to read my e-mail.

       Avinash
       Bombay, India.

Dear Avinashwipe,

This is an amazing coincidence.  I too am doing a project that
involves collecting currency from other countries.  After you
finish your project, maybe you could send the piles of money to me
for my project.  My project is a bit more ambitious than yours; I'm
collecting all of the currency from every country.

       Sincerely,

       Dogbert

Dear Mr. Adams,

I am in the midst of an argument and I need a fresh perspective and
I figured that you had an opinion on everything, so.... which came
first, the freaking chicken or the egg?

      Gregory

Dear Eggory,

Put your finger in this hole.

     Sincerely,

     Dogbert

Dilberito Update
----------------

Tip:  It's illegal and immoral to slay your enemies, but if you eat
nutritious food and outlive them, you can still dance on their
graves.  There's nothing illegal or immoral about dancing.

The Dilberito, a tasty burrito packed with 100% of your daily
values of 23 vitamins and minerals, is on grocery shelves and
selling briskly.  Check http://www.dilberito.com for names of
stores.

Coming soon, all four flavors of the Dilberito will be vegan (two
are now).  And watch for a free downloadable Dilberito game this
summer.  Details will be on the website.

Dilbert Fodder
---------------

What's bugging you about your job?  Let me know and you might see
it in a Dilbert comic, TV show or newsletter.  The best comic
fodder involves workplace peeves, devious strategies, frustrations
of dealing with others, conflicting objectives, unintended
management consequences, and of course my favorite - idiot bosses.

And I love True Tales of Induhviduals.

And if you're seeing any new management trends that need to be
mocked, I can help.  Send your suggestions to me at
scottadams@aol.com.  Short ones are better.

How to Subscribe to the Dilbert Newsletter
------------------------------------------

You can sign up for the free Dilbert Newsletter automatically. Send
a blank e-mail to dilbert-text-on@list.unitedmedia.com.

Unsubscribing
-------------

To unsubscribe automatically, send a blank e-mail to
dilbert-off@list.unitedmedia.com.

Problems Signing up for the Newsletter
---------------------------------------

If the automatic method doesn't work for you, simply
send a message to newsletter@unitedmedia.com specifying your
e-mail(or snail mail) address and you will be added manually.  This
method is much slower than the automatic method so please be
patient.

Scott Adams
scottadams@aol.com

All submissions to Scott Adams and/or Dilbert.com shall become the
exclusive property of United Media and Scott Adams, and they will
have the right to use them free of charge, in any manner and in any
medium, forever and throughout the world.

Please do not reply to dilbertnewsletter@unitedmedia.com


made with meat from around the mouth?

-----Original Message-----
From: Brian Constantine [mailto:brianc@saltgrass.com]
Sent: Thursday, January 03, 2002 1:32 PM
To: Parks, Joe; Erik Wollam; knipe3@msn.com; jparks1@houston.rr.com
Subject: RE: Ought 2

Correct...what is a mouth burger?

-----Original Message-----
From: Parks, Joe [mailto:Joe.Parks@ENRON.com]
Sent: Thursday, January 03, 2002 1:25 PM
To: Brian Constantine; Erik Wollam; knipe3@msn.com;
jparks1@houston.rr.com
Subject: RE: Ought 2

you know its a mouth burger, boca is spanish for mouth

-----Original Message-----
From: Brian Constantine [mailto:brianc@saltgrass.com]
Sent: Thursday, January 03, 2002 12:52 PM
To: Erik Wollam; knipe3@msn.com; jparks1@houston.rr.com; Parks, Joe
Subject: RE: Ought 2

Could someone explain to me what a boca burger is?

-----Original Message-----
From: Erik Wollam [mailto:erwollam@hotmail.com]
Sent: Thursday, January 03, 2002 10:38 AM
To: knipe3@msn.com; jparks1@houston.rr.com; Brian Constantine;
joe.parks@enron.com
Subject: Re: Ought 2

I'll take care of all Henry items on my own. (Milk, hot dogs/boca
burger/juice) Just make sure there is a loaf of bread so I can make him
peanut butter sandwiches.
Pecan Pie?? yes.
Fruit?? a half dozen good apples.
Skip the baileys (i'm sure joe will agree) there may be some left.
No need for gatorade, water and beer and scotch is all i need. No juice,
we
can steal some of Henry's.

>From: "chad knipe" <knipe3@msn.com>
>To: "EriK Wollam" <erwollam@hotmail.com>, "Joe Parks"
><jparks1@houston.rr.com>, "Chet Fenner" <chet_fenner@bmc.com>, "Brian
>Constantine" <brianc@saltgrass.com>, "Joe Parks" <joe.parks@enron.com>,

>"Brian & Terry Constantine" <btconstantine@aol.com>
>Subject: Re: Ought 2
>Date: Thu, 3 Jan 2002 09:37:08 -0600
>
>I will go to store:
>
>Fri a.m./day: Starbucks, Rudy's, urinate, aforementioned can beer(not
>driving), urinate, urinate again at gate, go sleep in stand.
>Fri p.m.: Lasagna, pre-packed salad, beer,red wine, scotch--take out of

>frezer tonight(Thur) to begin thawing process.
>Sat a.m.: Egg goop, coffee, beer, toilet paper,pudding---will also get
some
>sort of sugared loaf item.
>Sat day: Tort Chips, I'll get wife to pre-make queso, bread/meated
items,
>beer,pudding
>Sat p.m.:  Steaks OK with everyone? Organ Meat? Baked potatoes
>w/fixins?beer,red wine, scotch. Suggestions.
>Sun a.m.: coffee,whatever is left, pudding
>
>Suggestions: Gatorade, juice, pseudo-Baileys,fruit, shit tickets, PECAN

>PIE??.   Erik-- any Henry related items needed??
>
>PIG: What $$ do I owe you? ....borrowed $10 at Midway, Keg $, What
else? Do
>I owe anyone else?
>
>----- Original Message -----
>From: Erik Wollam
>Sent: Thursday, January 03, 2002 8:58 AM
>To: knipe3@msn.com; jparks1@houston.rr.com; chet_fenner@bmc.com;
>brianc@saltgrass.com; joe.parks@enron.com; btconstantine@aol.com
>Subject: Re: Ought 2
>
>Food: I have a deer sausage lagsana frozen and ready to go. That takes
care
>of dinner one night. If we want steaks for second night, I'm ok with
that.
>Chad, its your turn to go to the groc. We have yet to even up for the
>season
>as far as I know B still needs to get even on Keg 1 and 2 and whatever
food
>from last trip. I've got about 70 into the thanksgiving food trip.
>
>I think there is plenty of keg beer left, but, i have some canned bud
light
>i can bring just in case. no need to buy more. I don't know the scotch
>status, but i think there is plenty left. I can bring a back up bottle
from
>the house.
>
>Chad if you are doing the shopping, plan on breakfast/lunch for 2
mornings
>(your stuff and a breakfast roll), small amount of sandwich meat and
bread,
>sides for dinners (if wanted...salad)chips and velveta ( there is
plenty of
>salsa I believe).
>
>We do not need to worry about ice, couple of bags should do. temps will
>allow hanging of game.
>
>really would prefer am depart tomarrow. e.
>
>
> >From: "chad knipe" <knipe3@msn.com>
> >To: "Joe Parks" <jparks1@houston.rr.com>, "Chet Fenner"
> ><chet_fenner@bmc.com>, "EriK Wollam" <erwollam@hotmail.com>, "Brian
> >Constantine" <brianc@saltgrass.com>, "Joe Parks"
<joe.parks@enron.com>,
> >"Brian & Terry Constantine" <btconstantine@aol.com>
> >Subject: Re: Ought 2
> >Date: Thu, 3 Jan 2002 07:49:50 -0600
> >
> >Not too worried about oven bugs--hospitals sterilize at about 270
>deg.--if
> >I remember the thermostat doesnt work and that oven runs at about 800

>deg.
> >
> >Departure: E says he is better off leaving Fri a.m.(4 hunts) w/ Sun
>return.
> >  I was thinking Fri p.m. for more relaxed Monday return(4
hunts)--I'm OK
> >either way, but I need to let John know if I'm out Fri or Mon.
> >
> >C.
> >
> >----- Original Message -----
> >From: Joe Parks
> >Sent: Thursday, January 03, 2002 7:32 AM
> >To: chad knipe; Chet Fenner; EriK Wollam; Brian Constantine; Joe
Parks;
> >Brian & Terry Constantine
> >Subject: Re: Ought 2
> >
> >dont for get about the oven issues on the heating of the egg fest.
dont
> >need any weird viruses.
> >
> >What time are we leaving?
> >Chad reply to joe.parks@enron.com yes i have to go to work. shit!
> >----- Original Message -----
> >From: chad knipe
> >To: Chet Fenner ; EriK Wollam ; Brian Constantine ; Joe Parks ; Joe
Parks
>;
> >Brian & Terry Constantine
> >Sent: Wednesday, January 02, 2002 10:47 PM
> >Subject: Re: Ought 2
> >
> >
> >I think I remember promising to eat dead, raw heart
> >meat...........a..an..and ..I'll
> >do it man !!!
> >
> >Most importantly, how did ya'll leave the keg last time--I damn sure
>don't
> >want to show up Fri. p.m. after being "IN" for four hours and have
>nuthin'
> >but a cup of dust waiting!!
> >Lets plan ahead on the Al K. Hall issue, remember I'm drinking for
two
> >now..(Pig and I).
> >
> >Food Issue:  Just because Piggy ain't cookin' doesn't mean we have to
eat
> >like alternate/persons.  I say we do it right at least on Sat
> >night.(i.e.ribeyes.......)
> >Sat. a.m.: I made a Mex. egg/cheese/& stuff casserole for x-mas
morning
> >that was pretty damn good---I can pre-make it and all we have to do
is
>heat
> >& eat.
> >
> >...other than that: Scotch, coffee, and firearms.
> >
> >My $.02
> >
> >C.
> >
> >----- Original Message -----
> >From: Fenner, Chet
> >Sent: Wednesday, January 02, 2002 3:09 PM
> >To: 'Erik Wollam'; brianc@saltgrass.com; knipe3@msn.com; Fenner,
Chet;
> >joe.parks@enron.com; jparks1@houston.rr.com; btconstantine@aol.com
> >Subject: RE: Ought 2
> >
> >Can't "pull-off" this weekend.  Libby, Libby, Libby on the label,
label,
> >label is coming in this weekend w/ the boys for a belated xmas
gathering
> >and
> >have a party planned.  Or, maybe it's just that I don't want to be
forced
> >to
> >eat more heart-meat.
> >
> >-----Original Message-----
> >From: Erik Wollam [mailto:erwollam@hotmail.com]
> >Sent: Wednesday, January 02, 2002 2:52 PM
> >To: brianc@saltgrass.com; knipe3@msn.com; chet_fenner@bmc.com;
> >joe.parks@enron.com; jparks1@houston.rr.com; btconstantine@aol.com
> >Subject: RE: Ought 2
> >
> >
> >As far as I know, Chad, Joe, Erik and Henry going. Either Friday am
to
> >sunday pm or friday pm to monday am. I have invited Chet and not
heard
>from
> >him. Chris McComb cannot go. Kieth cannot go and has not been despite
> >planning on going the last two weekends. He intends to go during the
> >extended doe and spike season.
> >No other guests invited.
> >Are you planning on going???????
> >Don't know about Jim McComb. e.
> >
> >
> > >From: "Brian Constantine" <brianc@saltgrass.com>
> > >To: "chad knipe" <knipe3@msn.com>, "Chet Fenner"
<chet_fenner@bmc.com>,
> > >"Joe Parks" <joe.parks@enron.com>, "Joe Parks"
><jparks1@houston.rr.com>,
> > >"EriK Wollam" <erwollam@hotmail.com>, "Brian & Terry Constantine"
> > ><btconstantine@aol.com>
> > >Subject: RE: Ought 2
> > >Date: Wed, 2 Jan 2002 14:43:50 -0600
> > >
> > >OK...who's gonna go "Man Off" in Schleicher County this weekend?
Roll
> > >Call please. Anyone taking any "guests" to  help "downsize the
herd" ?
> > >
> > >-----Original Message-----
> > >From: chad knipe [mailto:knipe3@msn.com]
> > >Sent: Monday, December 31, 2001 11:21 PM
> > >To: Chet Fenner; Joe Parks; Joe Parks; EriK Wollam; Brian
Constantine;
> > >Brian & Terry Constantine
> > >Subject: Ought 2
> > >
> > >
> > >Happy New Year '02 boyz!!!!
> >
> >
> >
> >
> >_________________________________________________________________
> >Join the world's largest e-mail service with MSN Hotmail.
> >http://www.hotmail.com
>
>
>
>
>_________________________________________________________________
>Send and receive Hotmail on your mobile device: http://mobile.msn.com

_________________________________________________________________
MSN Photos is the easiest way to share and print your photos:
http://photos.msn.com/support/worldwide.aspx

**********************************************************************
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.
**********************************************************************