THE BUSINESS WEEK ONLINE INSIDER
      Your guide to what's going on at http://www.businessweek.com
                         Nov. 17, 2000

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The New President's Economy...Slave Labor...Nano, Nano...These are some of the

...HIGHLIGHTS FROM THE NOVEMBER 27, 2000, ISSUE OF BUSINESS WEEK*

Cover Story:
PASSING A DIMMER TORCH
Slower growth ahead. Weaker profits. Possibility of recession. Welcome to the
White House, Mr. President, whoever you are.
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European Cover Story:
WORKERS IN BONDAGE
Europeans are only now learning the horror of widespread sweatshops that use
forced immigrant labor.
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Science & Technology:
IT'S A NANO WORLD
Manipulating molecules can create tomorrow's miracles materials. Imagine
getting all the data from the Library of Congress on a postage stamp! That
would lick the storage problem.
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DAILY BRIEFING [http://www.businessweek.com/today.htm]

For BW's Election 2000 coverage visit
http://www.businessweek.com/election2000.htm

11/16 -- Coverage for Convalescing
Many companies provide short-term disability benefits, but a long-term
supplemental policy can be a necessity -- especially for single wage earners
http://www.businessweek.com/bwdaily/dnflash/nov2000/nf20001116_794.htm

11/15 -- These Days, Bonds Don't Look So Stodgy
Until recently, they were like driving a Yugo in the Indy 500. But they're
outpacing stocks this year -- and investors are taking note
http://www.businessweek.com/bwdaily/dnflash/nov2000/nf20001115_317.htm

11/14 -- Will Picasso Collectors Be Blue?
Not yet. But the $55 million paid for one of his weakest works could come
back to haunt the investor if taste-makers turn away from the artist
http://www.businessweek.com/bwdaily/dnflash/nov2000/nf20001114_536.htm

11/13 -- AOL and Time Warner: A Long, Slow Trip to the Altar
Despite the FTC's concerns, both companies swear they'll soon tie the knot.
And that would be just the beginning of a new set of headaches
http://www.businessweek.com/bwdaily/dnflash/nov2000/nf20001113_395.htm

11/10 -- Gridlock Is Good? Not for Tech Stocks
Gridlock Is Good? Not for Tech Stocks
http://www.businessweek.com/bwdaily/dnflash/nov2000/nf20001110_551.htm
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e.biz [http://ebiz.businessweek.com]
CHECK OUT STORIES FROM Le Monde Interactif

11/16 -- Too Soon for a Ringing Endorsement?
So far Net2Phone's slew of big partnerships haven't quelled all the doubts
about its losses and the Net telephony business potential
http://www.businessweek.com/ebiz/0011/es1116.htm

11/15 -- Can Michael Rubin Take Global Sports across the Goal Line?
As dot-coms get clobbered, the high-energy serial entrepreneur swears he has
the formula for online profits with his cyber service for sporting-goods
sellers
http://www.businessweek.com/ebiz/0011/em1115.htm

11/14 -- Dr. Soros Gives Bluefly a Shot in the Arm
Designer-duds e-tailer Bluefly was fading fast when hedge-fund king George
Soros played Santa with a $5 million cash infusion. Now everything depends on
Christmas
http://www.businessweek.com/ebiz/0011/ec1114.htm

11/13 -- Replacing the Dot-Com Spin-Off Strategy
Separate online units may no longer make sense for traditional retailers. Now
the aim should be to make the whole company Web-smart
http://www.businessweek.com/ebiz/0011/ep1113.htm

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http://www.businessweek.com/ebiz/0011/el1110.htm

Business Week presents: The Fifth Annual Digital Economy Conference,
Getting Down to Business: The B2B Boom, December 5-6, 2000 at The
Fairmont Hotel in San Francisco, California.

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Event topics include Exchanges: What do they mean for collaboration,
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Special dinner entertainment by Jay Leno, Host of The Tonight Show

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FRONTIER ONLINE [http://frontier.businessweek.com]

11/16 -- A Fruitful Relationship
Tiny Plumbtree was tapped by giant P&G to supply software -- and both parties
are benefiting
http://www.businessweek.com/smallbiz/content/nov2000/sb20001116_743.htm

11/15 -- The Delicate Art of Price Hikes
Entrepreneurs are finding they can charge more -- without driving away
customers
http://www.businessweek.com/smallbiz/content/nov2000/sb20001115_950.htm

11/10 -- A Half-Full Electoral Glass
After pouring a record $8 million into 30 House and Senate races, the
National Federation of Independent Business is batting .500
http://www.businessweek.com/smallbiz/content/nov2000/sb20001110_568.htm

11/10 -- Playing Through Pain
What doesn't kill you makes you stronger -- and maybe gets you some press
http://www.businessweek.com/smallbiz/content/nov2000/sb20001110_782.htm

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**NEW** 2000 PART-TIME MBA PROFILES
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CAREERS [http://www.businessweek.com/careers/index.html]

11/15 -- Super Bowl to Startups
St. Louis Rams' Dick Vermeil talks about his new career as a VC coaching
women and minority entrepreneurs
http://www.businessweek.com/careers/content/nov2000/ca20001115_651.htm

11/10 -- Unseasonable Demand
The rash of mergers is making Wall Street's high rollers jumpy, and companies
offering to buy out their yearend bonuses make the leap easy
http://www.businessweek.com/careers/content/nov2000/ca20001110_359.htm

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See you online,
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BW Online

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Please note that you're subscribed as: kholst@ect.enron.com


FYI
---------------------- Forwarded by Mary Hain/HOU/ECT on 10/26/2000 08:54 AM
---------------------------

Mary Hain
10/26/2000 08:45 AM
To: Richard Sanders, mday@gmssr.com, gfergus@brobeck.com
cc:
Subject: Important CAISO Notice re confidentiality

---------------------- Forwarded by Mary Hain/HOU/ECT on 10/26/2000 08:51 AM
---------------------------

	Enron Capital & Trade Resources Corp.

	From:  "Fuller, Don" <DFuller@caiso.com>@caiso.com>
10/25/2000 05:23 PM

Please respond to "Sole, Jeanne" <JSole@caiso.com>
Sent by: "Happ, Susan" <SHapp@caiso.com>
To: ISO Market Participants
<IMCEAEX-_O=CAISO_OU=CORPORATE_CN=DISTRIBUTION+20LISTS_CN=ISO+20MARKET+20PARTI
CIPANTS@caiso.com>
cc:
Subject: CAISO Notice - ISO response to CPUC and AG subpoenas in the inves
tigations of the wholesale electric market and impacts on retail rates

To Market Participants and Scheduling Coordinators:

Attached please find a letter from the California Attorney General (AG)
indicating the confidential treatment that will be provided for confidential
data produced by the CA ISO in response to the AG subpoena (circulated to
Market Participants on October 6 and attached herein for your convenience).

Further, the CA ISO is in receipt of an interim order from the California
Public Utilities Commission in its OII 00-08-002, providing for additional
protection for confidential information, including information subject to
the subpoena issued to the CA ISO (circulated to Market Participants on
September 25 and attached herein for your convenience).

Finally, the EOB has requested copies of the ISO operator logs and morning
reports that are responsive to the CPUC subpoena.  These documents would be
subject to the agreement as to confidentiality for confidential information
produced to the EOB that was arrived at this summer (see letter circulated
to Market Participants on September 25 and attached herein for your
convenience)

The CA ISO will proceed with production in response to the AG and CPUC
subpoenas (and provision of responsive logs and morning reports to the EOB)
unless we are informed, no later than noon on Monday October 30, by a Market
Participant that it is taking formal action to seek further protection for
confidential material from the CPUC, the AG or the EOB.
Jeanne M. Sol,
Regulatory Counsel
California ISO
(916) 608-7144
____________________________________________________________________________
_______________________________________

The Foregoing e-Mail Communication (Together With Any Attachments Thereto)
Is Intended For The Designated Recipient(s) Only. Its Terms May Be
Confidential And Protected By Attorney/Client Privilege or Other Applicable
Privileges.  Unauthorized Use, Dissemination, Distribution, Or Reproduction
Of This Message Is Strictly Prohibited.

 - 10-25caisoconfidential1025.doc
 - 10-6AGSubpoena.pdf
 - 9-25EOB4.pdf
 - 10-25CPUCsubpoena.doc


We have decided to postpone the All-Employee Meeting, which was scheduled at
10 a.m. Wednesday, August 9, and concentrate our efforts on a successful kick
off of our 2000 Houston United Way campaign.  This year's United Way gameshow
event, "Who Wants to Help Millions?", will run, as previously announced, from
11:15 a.m. to noon in the Hyatt Regency's Imperial Ballroom, followed by
lunch in Antioch Park from noon to 1:30 p.m.  We encourage all employees in
Houston to attend this fun event and cheer your business unit representatives
on to victory and to helping others in the community.

We will communicate the new date of the All-Employee Meeting as soon as it
has been determined.


Luanne:
I made a mistake on the language that we sent you on MAC.  On the last part
where it talks about a failure to be rated, my understanding from our
discussions is that a MAC would only be triggered if a party's credit support
provider failed to be rated by either S&P or Moody's  so that if it lost one
rating but maintained the other rating a MAC would not be triggered.  For
this reason the amendment should read ...or its Credit Support Provider shall
fail to have a rating from either S&P or Moody's.

Please confirm that this is your understanding and sorry for the confusion.

Carol St. Clair
EB 3892
713-853-3989 (Phone)
713-646-3393 (Fax)
carol.st.clair@enron.com


I have to clean out my inbox every few minutes so someone doesn't see my
email pop and see all the emails from you!!  Our "privacy" is definitely not
going to last long.


-----Original Message-----
From: 	Johnson, Rick
Sent:	Tuesday, June 12, 2001 10:42 AM
To:	Sullivan, Kriste
Cc:	Cash, Michelle; Valeria Hope (E-mail)
Subject:	Discrimination charge - NEPCO

Mike Indivero has indicated that NEPCO received a discrimination charge emanating from their Lakeland Florida office.  I anticipate assisting Mike in the investigation and subsequent response to the charges received.  Privilege will be warranted for matter and the subsequent OLER inquiries.  In Michelle's absence, would you to establish the initial instructions and subsequent privilege governing this effort?  Regards, Rj.


I thought you had gone off the deep end up there in the far north, Tim, and then I noticed Connie's typo on the "Bib" cycle....okay, it is a "Bid" cycle.....

Please be there anyway!!!!

 -----Original Message-----
From: 	Johanson, Tim
Sent:	Monday, October 22, 2001 2:34 PM
To:	Hook, Connie; Aschwege, Doug; Johnson, Robert L.; Sans Souci, Becki; Barker, Courtney; Barry, Mike; Berg, Vicki; Bolks, Sean; Bollinger, Joni; Bowers, Janet; Branney, Theresa; Brennan, Lorna; Burleson, Bob; Cabrera, Reyna; Cohrs, Allen; Donoho, Lindy; Dushinske, John; Fiscus, John; Fowler, Bill; Gadd, Eric; Gilbert, Steve; Halpin, Tom; Harris, Steven; Herber, Stephen; Hyatt, Kevin; Jones, Dana; Joyce, Jane; Korbelik, Stephanie; Lagerstrom, Karen; Lantefield, Laura; Lindberg, Lorraine; Lohman, TK; Lokay, Michelle; McCarran, Penny; McGowan, Mike W.; Mercaldo, Vernon; Millar, John; Miller, Kent; Moore, Jan; Neubauer, Dave; Neville, Sue; Oldenhuis, Frank; Paladino, Ranelle; Pavlou, Larry; Penkava, Loren; Powell, Don; Powers, Ken; Pritchard, John; Riehm, Richard; Roobaert, Preston; Sebesta, Chris; Semin, Frank; Stage, Michael G.; Stevens, Bob; Swett, Larry; Thomas, Steve; Threet, Kay; Valley, Lisa; Watson, Kimberly; Weller, Steve; Westfall, Roger; Wilkinson, Chuck; Williams, Jo; Williams, John; Cappiello, Deborah; McCoy, Julie; Ramirez, Pilar; Robertson, Audrey; Wadle, Susan; Wehring, Linda
Subject:	RE: Bid Cycle Meeting

Are you serving ribs?

Tim

 -----Original Message-----
From: 	Hook, Connie
Sent:	Monday, October 22, 2001 2:31 PM
To:	Aschwege, Doug; Johnson, Robert L.; Sans Souci, Becki; Barker, Courtney; Barry, Mike; Berg, Vicki; Bolks, Sean; Bollinger, Joni; Bowers, Janet; Branney, Theresa; Brennan, Lorna; Burleson, Bob; Cabrera, Reyna; Cohrs, Allen; Donoho, Lindy; Dushinske, John; Fiscus, John; Fowler, Bill; Gadd, Eric; Gilbert, Steve; Halpin, Tom; Harris, Steven; Herber, Stephen; Hyatt, Kevin; Johanson, Tim; Jones, Dana; Joyce, Jane; Korbelik, Stephanie; Lagerstrom, Karen; Lantefield, Laura; Lindberg, Lorraine; Lohman, TK; Lokay, Michelle; McCarran, Penny; McGowan, Mike W.; Mercaldo, Vernon; Millar, John; Miller, Kent; Moore, Jan; Neubauer, Dave; Neville, Sue; Oldenhuis, Frank; Paladino, Ranelle; Pavlou, Larry; Penkava, Loren; Powell, Don; Powers, Ken; Pritchard, John; Riehm, Richard; Roobaert, Preston; Sebesta, Chris; Semin, Frank; Stage, Michael G.; Stevens, Bob; Swett, Larry; Thomas, Steve; Threet, Kay; Valley, Lisa; Watson, Kimberly; Weller, Steve; Westfall, Roger; Wilkinson, Chuck; Williams, Jo; Williams, John; Cappiello, Deborah; Hook, Connie; McCoy, Julie; Ramirez, Pilar; Robertson, Audrey; Wadle, Susan; Wehring, Linda
Subject:	RE: Bid Cycle Meeting

The Bib Cycle meeting date is changed from Friday Oct.26th to Wednesday, Oct. 25th at 10:30 a.m.  The Houston folks will  use Dave Neubauer's office 3963.  Omaha folks will use 696.

Jo will initiate the conference call:
Houston 713-853-7240
Mpls  952-887-1789

 -----Original Message-----
From: 	Gracey, Rosemary
Sent:	Wednesday, October 17, 2001 11:17 AM
To:	Aschwege, Doug; Johnson, Robert L.; Sans Souci, Becki; Barker, Courtney; Barry, Mike; Berg, Vicki; Bolks, Sean; Bollinger, Joni; Bowers, Janet; Branney, Theresa; Brennan, Lorna; Burleson, Bob; Cabrera, Reyna; Cohrs, Allen; Donoho, Lindy; Dushinske, John; Fiscus, John; Fowler, Bill; Gadd, Eric; Gilbert, Steve; Halpin, Tom; Harris, Steven; Herber, Stephen; Hyatt, Kevin; Johanson, Tim; Jones, Dana; Joyce, Jane; Korbelik, Stephanie; Lagerstrom, Karen; Lantefield, Laura; Lindberg, Lorraine; Lohman, TK; Lokay, Michelle; McCarran, Penny; McGowan, Mike W.; Mercaldo, Vernon; Millar, John; Miller, Kent; Moore, Jan; Neubauer, Dave; Neville, Sue; Oldenhuis, Frank; Paladino, Ranelle; Pavlou, Larry; Penkava, Loren; Powell, Don; Powers, Ken; Pritchard, John; Riehm, Richard; Roobaert, Preston; Sebesta, Chris; Semin, Frank; Stage, Michael G.; Stevens, Bob; Swett, Larry; Thomas, Steve; Threet, Kay; Valley, Lisa; Watson, Kimberly; Weller, Steve; Westfall, Roger; Wilkinson, Chuck; Williams, Jo; Williams, John; Cappiello, Deborah; Hook, Connie; McCoy, Julie; Ramirez, Pilar; Robertson, Audrey; Wadle, Susan; Wehring, Linda
Subject:	Bid Cycle Meeting

 << File: BID CYCLE MEETING NOTICE.doc >>

Rosemary Gracey
Marketing - 402/398-7431
rosemary.gracey@enron.com


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Please prepare drafts of the slides suggested in the attached "agenda
slide".   Mark


Steve/Maureen,

Attached is a draft memo to Ken Lay re: follow up calls to invitees for the
Business Council events February 21-22 in DC.
Call if you have any questions.

Linda
202-466-9159


Ladies and Gentlemen,

Thank you all for participating on the associate and analyst PRC committee.
I believe that the PRC process is the most important tool we have to evaluate
Enron's talent, and your role in the process is critical.  With the all
important year-end PRC quickly approaching, I'd like to spend a little time
with you sharing not only my philosophy on the process, but also talking
about the mechanics of the process.  There will also be time to answer any
questions you may have.

To that end, please join me and Charlene Jackson for breakfast on Thursday,
November 30, at 8:30 a.m. in EB50M.  If you are unable to attend in person
and would like to participate by conference call, that can be arranged.
Please RSVP your attendance to Cheryl Kuehl at x3-9804.

I look forward to seeing you on November 30, and again, many thanks for
spending your time on this critical process.

Jeff


Sell 'em all.  There's no turnaround in sight.

What's going on??

KR


Hi Wei,

The PWC guys said that 1:30 would be fine.  I have also asked them to email Chris and Bjorn with their requests.  If it is alright with you, we will plan to meet at your desk at 1:30.  What is your location again?

Thanks,
Susan

 -----Original Message-----
From: 	Hu, Wei
Sent:	Wednesday, February 27, 2002 10:29 AM
To:	Scott, Susan M.
Cc:	Constantine, Chris; Hagelmann, Bjorn
Subject:	Curve mapping

Susan,

I am busy this morning.  Can we do this early this afternoon, say at 1:30?

Also can you please send an email to my supervisor Chris Constantine and our main business user Bjorn Hagelmann to outline what the request is.

Thanks,

Wei


Didn't get invited.  Are you going?  I don't plan on sending anything - do you think we should even though we didn't get any invitations?

Jim

-----Original Message-----
From: Landwehr, Susan M.
Sent: Monday, October 15, 2001 12:30 PM
To: Steffes, James D.
Subject: FW: wedding gift

Jim--did you get invited to Harvill's wedding or the cocktail reception?  (wedding is NOv 3 and reception is Nov 8).  Just in case you did or were thinking of sending him something, you will see that I have asked our local lobbyist to review reporting requirements.

-----Original Message-----
From: Landwehr, Susan M.
Sent: Mon 10/15/2001 12:25 PM
To: mrockford@ronanpotts.com
Cc: Hueter, Barbara A.; Linnell, Elizabeth
Subject: wedding gift

Molly--one of the Illinois COmmerce Commissioners, Terry Harvill, is getting married early next month and I would like to send him a small gift.  Am I correct  that I am able to do so without any reporting requirement?  As I recall, the only individual's at the ICC that we have to track are the Chairman and the Exectutive Director?


Here is my bracket.  I will bring the money down around 10:30.


More on Australia.  I asked Laurie to provide a copy to us.

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 07/05/2000 11:23 AM -----

	Laurie Mayer
	05/08/2000 11:23 AM

		 To: David Minns/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Jerven
Zhang/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
		 cc: Jana Morse/Corp/Enron@Enron, Susan Flynn/HOU/ECT@ECT
		 Subject: Optima Energy Pty Ltd - ISDA

David, Jana brought to my attention that we received only a copy of the
Schedule to the ISDA Master Agreement for Optima.  Would you please have your
assistant fax a copy of the ISDA to us at your earliest convenience?  Thank
you.  Laurie


I just mailed you the CES and CEM agency agreements on Transco.

Marlene Hilliard
05/15/2001 02:09 PM
To:	Scott Goodell/Corp/Enron@ENRON, Chris Germany/HOU/ECT@ECT, Randall L Gay/Enron@EnronXGate, Kimberly S Olinger/Enron@EnronXGate, Kevin Heal/CAL/ECT@ECT, Judy Townsend/HOU/ECT@ECT
cc:
Subject:	Agency Agreements

Can anyone help me with these agency agreements?

Marlene Hilliard
---------------------- Forwarded by Marlene Hilliard/HOU/ECT on 05/15/2001 02:04 PM ---------------------------

Marlene Hilliard
02/20/2001 10:44 AM
To:	Scott Goodell/Corp/Enron@ENRON, Chris Germany/HOU/ECT@ECT, Randall L Gay/HOU/ECT@ECT, Dan Junek/HOU/ECT@ECT, Elsa Villarreal/HOU/ECT@ECT, Daren J Farmer/HOU/ECT@ECT, Kimberly S Olinger/HOU/ECT@ECT, Kevin Heal/CAL/ECT@ECT, Judy Townsend/HOU/ECT@ECT
cc:
Subject:	Agency Agreements

All, I am searching for a copy of an executed agency agreements for the following contracts.  If you are in possession of the executed agency agreement or know the contact person I can retrieve the executed agency agreement, please forward the agency agreement to me or let me know the person to contact, either at Enron North America Corp. or the contact person for the shipper.

I need a response ASAP.

ENA agent for

	Counterparty				Effective Date			Pipeline

1.  Kerr-McGee Corporation			    01/01/2000	Venice Gathering Gathering System and TRANSCO
2.  Petsec Energy, Inc.		                                    02/01/2000                                      Venice Gathering System, LLC
3.  Devonian Resources, Inc.                                            01/01/2000                                       Somerset Gas Transmission
4.  Patrick Shipley                                                                 01/01/2000                                        Somerset Gas Transmission
5.  Devon Energy Corporation                                          01/01/2000                                        Reliant Energy Field Services
6.  Tenaska Gas Company                                               10/01/2000                                        TXU Gas Distribution
7.  City of Pasadena                                                             03/01/1998                                        Pacific Gas & Electric Company
8.  Allegheny Ludlum Corporation                                   07/01/1999                              Columbia Gas Transmission Corporation
9.Commonwealth Energy, Inc.                                          06/01/1999                                                   Norse Pipeline, LLC
10.  Columbia Energy Marketing Corporation             12/01/1999                                        TRANSCO, CGAS, and
                                                                                Dominion Transmission, Inc.
11.  Columbia Energy Marketing Corporation             10/01/1999                                           Midcoast Interstate
12.  Crescendo Energy, LLC                                              10/01/2000                                          Wildhorse Energy Partners
13.  Enron Canada Corp.                                                      01/01/2001                                       TransCanada Pipelines Limited

EPMI agent for

14.  West Fork Development Company                        04/01/2000                                          Midwestern Gas Marketing
15.West Fork Development Company                          05/01/2000                                          Midwestern Gas Transmission
16.  Gleason Power I, L.L.C.                                               04/01/1999                                           ANR Pipeline Company

Thanks for your assistance in this matter.

Marlene Hilliard


-----Original Message-----
From: 	Palmer, Johnny
Sent:	Monday, June 18, 2001 8:11 AM
To:	Will, Lloyd
Subject:	RE: Ryan Thomas Interview 6/19/01

I'm waiting for approval from Oxley.

Thanks,
Johnny

 -----Original Message-----
From: 	Will, Lloyd
Sent:	Monday, June 18, 2001 8:10 AM
To:	Palmer, Johnny
Subject:	RE: Ryan Thomas Interview 6/19/01

Thanks.

Any update on the west point fellows, Robert Krotee and Marc Distefano.

Thanks

 -----Original Message-----
From: 	Palmer, Johnny
Sent:	Monday, June 18, 2001 7:29 AM
To:	Baughman Jr., Don; Coulter, Kayne; Forney, John M.; Hernandez, Juan
Cc:	Melodick, Kim; Will, Lloyd
Subject:	Ryan Thomas Interview 6/19/01

 << File: Ryan Thomas Resume.doc >>

Ryan Thomas will be in our office tomorrow morning to interview for a Real Time trading position on our E. Power 24 hour desk.  Please confirm your availability to interview Ryan:

9:00 - 9:30 Don Baughman
9:30 - 10:00 Juan Hernandez
10:00 - 10:30 Kayne Coulter
10:30 - 11:00 John Forney

Thanks,
Johnny


---------------------- Forwarded by Kay Mann/Corp/Enron on 09/25/2000 10:55
AM ---------------------------

Reagan Rorschach
09/25/2000 09:43 AM
To: Jeffrey Keenan/HOU/ECT@ECT, John Moore/Corp/Enron@Enron, Ben
Jacoby/HOU/ECT@ECT, Heather Kroll/HOU/ECT@ECT, Kay Mann/Corp/Enron@Enron,
Ozzie Pagan/HOU/ECT@ECT, Karen E Carter/NA/Enron@Enron, Rebecca
Walker/NA/Enron@Enron
cc:

Subject: Rocky Mount Meeting Setp 22, 2000

Meetings with Rocky Mount, Edgecombe County, Appian Consulting Engineers
(local engineering/permitting/landuse consulting firm) resulted in the
following action items:

Edgecombe County
Complete rezoning application
Current landowner needs to sign the application.  Ken Raber from
Electrocities will cooperate.
$25 filing fee
Plot plan and meets and bounds are necessary deliverables to the county,
however can lag behind application
Should do entire site (i.e. finalize additional land requirements via Hessler
noise study due this week)
County building permit (visit with Stuart Bass this week to finalize
submittal requirements)
County planning commission meets October 16 and board of county commissioners
meets November 6.  Stuart Bass feels that meeting schedules could be
accelerated to accommodate faster rezoning process.
Submit erosion and sedimentation control plan to the state and copy to the
county
Confirm in writing with county list of non-intrusive construction activities
that may be initiated in the interim

City of Rocky Mount
Finalize land needs and Bill Sherk will move forward to secure option
Rocky Mount annexation should be initiated before improvements.  This will
help Rocky Mount with regard to local volunteer fire department district
"payment-in-kind" issue.
Finalize water and wastewater needs and commercial operation date with city
(Paul Blount) to coordinate water supply availability
Get water analyses from Betz and subsequent EE&CC help characterizing
expected discharge water quality and flow rate from facility.
Get water/wastewater rate sheet from Paul Blount
Coordinate/file encroachment filing for wastewater line construction in NC
DOT's right-of-way.  City will file concurrently for construction of water
line.
Investigate the Tarpamlico (sp?) Ripirian Buffer Regulations
Talk with Bill to understand how Gateway Partnerhip works--funding source,
authority, etc.

North Carolina DOT
Get with Bobby Lewis regarding driveways, curb-cuts, etc.
File for wastewater line encroachment in NC DOT right-of-way

Gateway Partnership (business development entity)
Make friends with Oppie Jorday
Begin to negotiate the tax deal after understanding extent of Gateway
authority, money, and operations

Appian Consulting Engineering (Bobby Joiner)
Get a professional services agreement started
Get rate sheet and T&M numbers from Appian
Give notice to proceed with creation of the erosion and sedimentation control
plan
Give notice to proceed with regard to creation of local/county/state watch
list.


I know Kevin forwarded you a map showing all the pipelines.  I have also been
working with Maria Salazar to get maps and more details.  The following
e-mail is the last that was sent on this issue.  I think most people like
Kevin's map for formatting, but it will need to be reviewed and maybe
corrected before it is used.  Maria's may be used to provide more individual
pipeline details.

I reviewed the latest draft with the management in ET&S marketing, and two
additional issues came up.  One is that ET&S would like a contact phone
number to appear very early in the screens when someone is clicking onto
Enron.com.  I know that you would eventually get the numbers on our
individual sites with contact numbers, but I think we want a phone number
much earlier....in the first few screens that would appear...maybe on the
overall GPG page.

The other issue is the ability to know the number of hits on different sites,
and to know how much time people spend at individual sites.  Will the site be
set up to track this type of info?  It would be very helpful from the
perspective of knowing how this site works for customers (i.e how long
customers spend on the site, and how "deep" customers go into the website).

Let me know!!!
Thanks.

---------------------- Forwarded by Jo Williams/ET&S/Enron on 05/22/2000
10:24 AM ---------------------------

	From:  Jo Williams                           05/22/2000 08:53 AM

To: Michael Eiben/HOU/ECT@ECT, Daren J Farmer/HOU/ECT@ECT, Sharon
Farrell/FGT/Enron@ENRON, Kevin Hyatt/ET&S/Enron@Enron, Scott
Coburn/NPNG/Enron@ENRON, Richard Shepherd/NPNG/Enron@ENRON, Beth
Jensen/NPNG/Enron@ENRON, Martha Sumner-Kenney/NPNG/Enron@ENRON,
biaggio.mcphee@eott.com
cc: Maria Salazar/OTS/Enron@ENRON

Subject: More maps

Maria Salazar has sent me some more maps that show more details of individual
pipelines.   I like the details and formatting of the map that Kevin Hyatt
sent out...so I think that would be good to use for the main map (although
Maria pointed out that some of the pipeline details have not been updated).
The maps that are attached below could be used for the "drill down" from the
main map to the detailed maps (the customer would point and click on the
company they want and then get to a more specific map with greater detail on
the individual pipe).  What do you think?  What details do we want to show
for the drill down maps?

---------------------- Forwarded by Jo Williams/ET&S/Enron on 05/22/2000
08:39 AM ---------------------------

	From:  Maria Salazar                           05/19/2000 01:35 PM

To: Jo Williams/ET&S/Enron@ENRON
cc:

Subject: NNG AND TW

JO-
THIS IS A NNG MAP ON A COUNTY LEVEL ALSO IT SHOWS NBPL AND TRAILBLAZER. I
KNOW YOU SAID THAT COMPRESSORS ARE NOT NEEDE BUT BEFORE I START REMOING THEM
I WANTED TO KNOW WHAT YOU THINK. I COULD START SPLITTING UP THE STATES. CALL
ME 6.7156

THIS IS TW SYSTEM MAP


Mike,

How goes it?  I was thinking about you guys this weekend.  We were in town
for the game (if you want to call it a game).  We ended up staying at a
friends place.  I think that is the first time in quite a while we haven't
seen you on this particular weekend.  We are still plugging along.  How about
you?  I thought I heard you were buying a new house.  Is that right?  Well, I
just hadn't talked to you in a while and I saw you email address on a message
from Sean.  We are going up to KU for the Texas game again.  I can't believe
it has been 4 years since we were up there.  Take care.

DG


we bought 15000 contracts and our VAR didn't fall.  Something is wrong with the model

 -----Original Message-----
From: 	Port, David
Sent:	Tuesday, November 27, 2001 11:56 AM
To:	Beck, Sally
Cc:	Lavorato, John
Subject:	FW:

FYI - this is out there as a possible reason why Americas VaR did not come down to within limits as we expected.
In the absence of a fix it looks as though we have another VaR violation.

 -----Original Message-----
From: 	Hayden, Frank
Sent:	Tuesday, November 27, 2001 11:36 AM
To:	Port, David
Subject:	FW:

 -----Original Message-----
From: 	Hayden, Frank
Sent:	Tuesday, November 27, 2001 8:12 AM
To:	Reeves, Kathy
Cc:	Gossett, Jeffrey C.; Davenport, Lacrecia; Khanna, Bharat; Victorio, Tom
Subject:

Kathy,
It looks like the Canadian positions didn't hit VAR last night.  Can you re-check?
Also, I understand Zufferli bot a ton of NG and I thought he was short? (Why is system showing he is long?)

Frank

EFF_DT	PORTFOLIO_ID	COMMODITY_CD	SumOfDELTA_POSITION
11/23/2001	J_ZUFFERLI	NG	8241559.1328
11/26/2001	J_ZUFFERLI	NG	8568832.813

EFF_DT	PORTFOLIO_ID	COMMODITY_CD	SumOfDELTA_POSITION
11/23/2001	CANADA-PWR-BU	NG	8298324.949
11/26/2001	CANADA-PWR-BU	NG	8691997.5495

EFF_DT	PORTFOLIO_ID	COMMODITY_CD	SumOfDELTA_POSITION
11/23/2001	CANADA_PWR_GAS	NG	8298324.949
11/26/2001	CANADA_PWR_GAS	NG	8691997.5495


Tana

Great idea - here's our latest ISDA schedule (note the changes to law,
process agent, notices, tax reps, etc)

If you work with Ian, that would be grand

TooToo

Justin

---------------------- Forwarded by Justin Boyd/LON/ECT on 28/02/2001 17:43
---------------------------

Matthew Dawson
28/02/2001 16:51
To: Nicola Beales/LON/ECT@ECT
cc: Justin Boyd/LON/ECT@ECT

Subject: ISDA schedule

Here is e the Ectric schedule Template- please note ED'S   emails relating to
Conditions Precedent and the Eligible Swap Participant  Changes after the
implementation of the  U.S trading legislation, the name of which momentarily
escapes me!!

M


504017  not there deal


Hi Laura:
I'll be forwarding you additional information per your phone call with
Steve.  You can expect it either later this evening or first thing in the
morning.  And please feel free to contact me at the following numbers:

direct dial: 415.782.7822
pager:  888.916.7184
cell phone: 415.505.6633

Best,
Jeff


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Thanks.

-----Original Message-----
From: MDay [mailto:MDay@GMSSR.com]
Sent: Monday, September 17, 2001 12:45 PM
To: 'Jeff Dasovich Enron SF'
Cc: 'Sue Mara at Enron SF'
Subject: Status of CPUC Proposed Decisions on Direct Access Suspension

Jeff:

At your request I am offering this memo to explain the status of the agenda
items before the CPUC on the issue of suspension of the direct access
program.  There are two pending draft decisions at this time, the first is
the proposed decision of ALJ Barnett (Item H-7 on the last agenda) which was
modified by a changed version submitted by Pres. Lynch at 2:45 pm on 9-5-01,
the day before the last meeting.  This version indicated that direct access
was suspended as of the date of the order (which would have been Sept. 6)
and states in another ordering paragraph that the utilities are to advise
their customers that the suspension is effective Sept. 6, 2001, specifically
naming that date.  This order would have been interpreted to suspend direct
access as of Sept. 6 if it had been voted out that day.  The other item,
Agenda Item H-7A on the last agenda, is the Bilas alternate decision which
calls for hearings to determine the impact of direct access on the issuance
of bonds, and does not suspend direct access at this time.

Please be advised that the suspension date contained in H-7 can and probably
will be changed before the orders are considered at the CPUC meeting on
Sept. 20.  Either the Sept 6 date will be changed to the 20th of Sept., or
some other specific date could be inserted at all the locations in the order
dealing with the suspension date.  All that is required to make this change
is the distribution of a changed page on the Escutia table before the
Commission meeting.  Thus, it is important for all direct access supporters
to continue to urge the Commission, especially Commissioner Brown, to
support a suspension date later than Sept. 6, because it is so easy for the
date to be altered under Commission procedures.

Please let me know if you require any additional information on this
subject.

Mike Day
Goodin, MacBride, Squeri, Ritchie & Day


Claim in NSM bankruptcy

I am attaching for reference a copy of an e-mail sent to us today by Wilailuk
Okanurak of Linklaters in Thailand.

Ms. Okanurak refers to three potential claims--one based on Enron's equity
position/purchase, one based on the management agreement, and one based on
litigation/indemnification.? As I understand Ms. Okanurak's e-mail, she is
asking Milbank for assistance with the third of the three claims; and we will
provide it.? If you want us to assist Ms. Okanurak in any other respect,
please let us know.

With respect to the litigation/indemnification claim, Sabina Bhallah in our
Los Angeles office has spoken with Ms. Okanurak by telephone tonight and is
faxing her (1) a copy of the 3/2/98 Purchase Agreement between NSM and the
four Initial Purchasers, on which any contractual indemnity claim by Enron or
any of its affiliates would be based, and (2) copies of the complaints in all
of the U.S. litigations, including the two in CA that name ECT Securities,
i.e., the litigations against which Enron asserts a claim for
indemnification.? In addition, I will draft a narrative description of the
litigation/indemnification claim for use by Ms. Okanurak.? I will send you
all a draft as soon as I have it.

Everyone needs to think very carefully about what entity asserts each claim
and against what entity.? (There are at least three "NSM's--the publicly
owned Thai company, its wholly owned, Cayman Islands subsidiary, and the
Cayman Islands company's wholly owned Delaware subsidiary.)? The
litigation/indemnification claim is owned by ECT Securities Corp. or whatever
entity has succeeded ECT Securities Corp.? ECT Securities Corp. is the party
to all of the relevant documents; but plaintiffs at least believe that that
entity has been succeeded by something called ECT Securities Limited
Partnership.? Lisa and Richard will need to tell me the precise corporate
history here.

Similarly, it looks to me like the owner of the equity claim is ECT Thailand
Investments, Inc.--that entity at least is the party to the Shareholders
Agreement with NSM.

I don't know who owns the claim under the management agreement, because,
frankly, I don't understand that claim.

Finally, some questions:

Why isn't some Enron entity making a straight collection claim under the C
notes, or did Enron sell those to Oaktree along with the Bs?

Similarly, shouldn't the appropriate Enron entity assert a fraud claim in
connection with its purchase of the B and C notes to parallel the equity
claim referred to by Ms. Okanurak, which I assume is basically a fraud claim
in connection with Enron's purchase of equity from NSM and some of its
principal shareholders.

I am in deposition in NY tomorrow but will call my voicemail hourly.? Sabina
will be in deposition in LA and will also call her voicemail hourly.? Sabina
can leave the deposition, if anyone needs her support.? My number is
213-892-4478; I don't recall Sabina's direct line, but you can reach her
through our main number: 213-892-4000.

Steve Howard
Milbank, Tweed, Hadley & McCloy LLP
showard@milbank.com
213-892-4478; 213-892-4748 (fax)

?

-----Original Message-----
From:?? RIGHTFAX E-MAIL GATEWAY
Sent:?? Tuesday, August 01, 2000 4:44 PM
To:???? Howard, Steve
Subject:??????? A new fax has arrived from Milbank Tweed LA (Part 1 of 1)

Time: 8/1/00 4:42:33 PM
Received from remote ID: Milbank Tweed LA
Inbound user ID SHOWARD, routing code 4748
Result: (0/352;0/0) Successful Send
Page record: 1 - 3
Elapsed time: 01:08 on channel 7

Fax Images: [double-click on image to view page(s)] <<Fax Image.TIF>>

This e-mail message may contain legally privileged and/or confidential
information. If you are not the intended recipient(s), or the employee
or agent responsible for delivery of this message to the intended
recipient(s), you are hereby notified that any dissemination,
distribution or copying of this e-mail message is strictly prohibited.
If you have received this message in error, please immediately notify
the sender and delete this e-mail message from your computer.

 - AFAXLA0007827.TIF


Wasn't sure if you had heard anything about Donnie testing for EES and EnPower.  I am not sure there is anything we need to do, just wanted to keep you in the loop.

Stacey

-----Original Message-----
From: Vinson, Donald Wayne
Sent: Tue 10/9/2001 1:00 PM
To: Murphy, Melissa Ann; White, Stacey W.; Crooks, William; Allen, Thresa A.; Boudreaux, Lori; Nolte, Ron; Warner, John; Lawrence, Dharma
Cc:
Subject:

I have put the following test deals in the PWRTESTP environment.  Everything on my side looks good.  The secondary legal entity is populating in all cases and the entry is correct.

666068.01  Deal Blotter
666069.01  Deal Blotter
666070.01  Deal Blotter
666153.01  Deal Entry
666154.01  Deal Entry Swap   This is also a case where EES is the primary and EPMI is the secondary.  This should not occur but I wanted to test whether it would work if a deal were entered.

666156.01  Deal Entry
666157.01  Deal Entry

Please test the effects on your downstream systems, as well as forward this e-mail to anyone I have forgot.  Also e-mail me back at your earliest convenience to give me a status report from your area.

Donnie Vinson
Enron NetWorks
5-8177
donald.wayne.vinson@enron.com


Vince and Stinson,

Just got a copy of the attached paper and thought it may have some interest
for you guys.

On another note, I am putting together a workshop in the spring on the New
Economy and Business Education and will be seeking out some Enron network
people to join in the discussion (2-hours on Friday March 2nd).  I'll let
you know more as we work through the details.  The idea is to "brainstorm"
about the new world you guys work in every day and its implications for
what we should be doing.  Hope this is interesting to you and that you'll
want to spend the day with us.

Take care and enjoy the weekend.

John

 - risk.pdf

John D. Martin
Carr P. Collins Chair in Finance
Finance Department
Baylor University
PO Box 98004
Waco, TX 76798
254-710-4473 (Office)
254-710-1092 (Fax)
J_Martin@Baylor.edu
web:    http://hsb.baylor.edu/html/martinj/home.html


Bob finally entered these. Here are the deal numbers and details:

471546
Enron buys El Paso
25 MW
141.00
Palo Verde
On Peak

471547
Enron sells EES
25 MW
141.05
Palo Verde
On Peak

Thanks,
Kate

Kerri Thompson@ENRON
12/01/2000 08:47 AM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: Re: tfs checkout

can you check with bob again, because i got confirms on the deals.  the
broker told me yesterday he forgot to tell bob.

   Kate Symes @ ECT                11/30/2000 06:05 PM

To: Kerri Thompson/Corp/Enron@ENRON
cc:

Subject: Re: tfs checkout

Bob does not recognize these deals, and tried to check with the broker. He'll
talk to TFS in the morning to verify these and I'll let you know ASAP.

Thanks,
Kate

Kerri Thompson@ENRON
11/30/2000 02:32 PM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: tfs checkout

missing 2 deals for bob:

buy el paso
cal 01
141.00
25 mw
pv
on peak

sell ees
cal 01
141.05
25 mw
pv
on peak

thanks


The following expense report is ready for approval:

Employee Name: Anne Koehler
Status last changed by:  Automated Administrator
Expense Report Name: KoehlerExpRpt6-7-01
Report Total: $3,676.27
Amount Due Employee: $3,651.27

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


What should I tell the lawyer if she should call today?


Why do you say OK for weather?  What restrictions do you have for
counterparties trading weather?

	Justin Boyd
	03/23/2001 02:20 AM

		 To: Tana Jones/HOU/ECT@ECT
		 cc:
		 Subject: Re: Amerada-Hess Corporation

hi tana

they're fine for non US & Canadian based products (including physical power)
- the standard exceptions would be US power, weather and credit derivatives

j

From: Tana Jones on 22/03/2001 16:48 CST
To: Justin Boyd/LON/ECT@ECT
cc:

Subject: Amerada-Hess Corporation

As an introduction:  The referenced counterparty is trying to straighten out
the online products it wants to trade with us (it's open for some, but not
all of the products it wants to trade).

When I looked at Profile Manager to see what they had already been approved
to trade, I noticed that this counterparty was opened to trade many of the
European products, including specifically European physical power products
(which is unusual for a US based counterparty to trade).

Before I go in and change the profile for this counterparty, I wanted to
check with you and see if London had specifically opened them to trade the
products they were opened to trade (especially physical power).

What I usually do when I am approving US based counterparties, is that with
respect to Non Us & Canadian products, as long as they are an Eligible Swap
Participant I open them up for all products except European physical power,
which I never open them for.  Also, Credit Derivatives, I never open anyone
up for unless we really mean it.

So, my question to you is did London actively approve the non US & Canadian
based products (especially physical power).  If you didn't, then I am going
to take this as an oversight of the pre-approval process and shut them down
for European physical power.


Don,
I got a call from another Hourly Trading floor that uses Enron online and is
looking to do some hourly deals at Cinergy.
He said he has not seen anything for over a month.  Do you think you guys
will put the TNE numbers back up, or if they are where should he be looking.

How was Vegas?

Regards,
Jeff
713-647-8802


Eric,

FYI

Vince

 -----Original Message-----
From: 	Neale, Nelson
Sent:	Friday, August 17, 2001 8:51 AM
To:	Kaminski, Vince J
Subject:	RE: UW

Vince,

I have contacted each person on the attached list regarding UW participation.  I think that we should reach the 100% mark by the end of the day.

Nelson

 -----Original Message-----
From: 	Grabstald, Kathie
Sent:	Thursday, August 16, 2001 4:35 PM
To:	Kaminski, Vince J; Neale, Nelson; Crenshaw, Shirley
Subject:	UW

Here are the names of EWS Research people who have not participated in the United Way campaign as of 4:30 PM today.

RAKESH BHARATI
CHUANLI DENG
SHANE GREEN
PAULO ISSLER
KEVIN MOORE
ROMAN ZADOROZHNY

Tomorrow is the last official day of the campaign.  If you can get these people on board - to either pledge or decline - you will have 100% participation.

Please let me know if there is anything I can do to help you.

Kathie Grabstald
ENA Public Relations
713-853-9610


Sylvia:  I think there should be a cost center for each of ENA, EGM, EIM, ESA
and EGA, which tracks the org chart of people reporting directly to me.  Deb
Korkmas can help you with the proper account numbers.

Mark

	Sylvia Hu/ENRON@enronXgate
	02/23/2001 09:08 AM

		 To: Mark E Haedicke/HOU/ECT@ECT
		 cc:
		 Subject: Lexis and Westlaw Bill Groups of ENA Legal

Mark:

With the last re-org, I have been told that most of the old EI Legal Groups (
CALME, APACHI, etc.) have moved under your ENA Legal, now known as EWS.  When
I do Lexis and Westlaw allocations, would you like me to put all under you
cost center or should I separate them out by 12 subgroups?  I retrieved your
org. chart from your website.  Please advise your preference and provide cost
centers that you would like me to allocate Lexis and Westlaw charges at your
earliest convenience.

Thanks,
Sylvia Hu
Corporate and Law Information Services
x36775


i thought it was a funny comeback larry


Legends of the  fall
from Forbes Global 04.30.01More downside

Throw in a generous assumption for future earnings  growth, apply a
price/earnings multiple and discount the resulting hypothetical  stock price
back to today, In this light the popular tech stocks are still no  bargain.

		---------10/31/99---------
Company	price	P/E	4/5/01
			price	Present value
				of discounted
				future  earnings;
				15% from 11/99
				[IMAGE]
Ebay	$67.57	1,930	$34.81	$4.75
RealNetworks	54.85	1,219	7.72	5.31
Yahoo	89.53	1,194	15.25	10.18
DoubleClick	70.00	933	11.81	6.70
Priceline	60.25	603	2.84	8.92
Amazon	70.63	353	9.12	17.87
Lycos	53.38	334	20.36	18.87
Qwest	36.00	327	32.85	13.00
Mindspring	25.69	257	11.38	11.80
E-Trade	23.81	238	6.45	10.27
				Average decline November 1999 to present is  68.2%. Earnings assumed to grow
at 50% for the first 3 years, 25% for the  next 5 years, 20% for the next 6
years, 15% for another 7 years, and 7.5%  thereafter. The 15% discount rate
includes 5.9% on long government bonds  plus a 9.1% risk premium.
Source:Dremen Value  Management.


---------------------- Forwarded by Kay Mann/Corp/Enron on 04/10/2001 08:43
AM ---------------------------

Kay Mann
04/10/2001 08:39 AM
To: "DeBerry, Jeremiah A." <JeremiahDeberry@paulhastings.com>
cc:

Subject: Re: Turbine Purchase Transaction Documents

Jerry,

I didn't receive the fax you referenced yesterday.  Please resend to me at
713 646 3491.

Kay


The information that has to be filed is detailed in the Appendix.  I haven't had a chance to go through it in detail yet.

 -----Original Message-----
From: 	"Tracey Bradley" <tbradley@bracepatt.com <mailto:tbradley@bracepatt.com>>@ENRON [mailto:IMCEANOTES-+22Tracey+20Bradley+22+20+3Ctbradley+40bracepatt+2Ecom+3E+40ENRON@ENRON.com] <mailto:[mailto:IMCEANOTES-+22Tracey+20Bradley+22+20+3Ctbradley+40bracepatt+2Ecom+3E+40ENRON@ENRON.com]>
Sent:	Thursday, July 26, 2001 7:26 AM
To:	jlimone@aeglobalmarkets.com <mailto:jlimone@aeglobalmarkets.com>; agold@coral-energy.com <mailto:agold@coral-energy.com>; rreilley@coral-energy.com <mailto:rreilley@coral-energy.com>; pat.cradock@huskyenergy.ca <mailto:pat.cradock@huskyenergy.ca>; kmagruder@newpower.com <mailto:kmagruder@newpower.com>
Cc:	Andrea Settanni; Charles Shoneman; Randall Rich; susan.ginsberg@elpaso.com <mailto:susan.ginsberg@elpaso.com>; Cantrell, Rebecca W.
Subject:	New Reporting Requirements on Natural Gas Sales to California	Markets

Please see the attached order, which was issued by FERC on July 25, 2001.  The information specified in the order will need to be submitted monthly for the six-month period covering August 1, 2001 through January 31, 2002.  FERC plans to extend the reporting requirement through September 30, 2002 when it receives OMB approval.   The information will need to be submitted  Fortunately, FERC is recognizing the commercial sensitivity of purchase and sales transaction data and will treat it as "confidential" under FOIA exemption 4.  Transportation information obtained from pipelines and LDCs, on the other hand, was not deemed to be commercially sensitive.  However, respondents will be permitted to request privileged treatment pursuant to the procedures set forth in Section 388.112 of FERC's regulations.

Please give us a call if you have any questions.

 - gas.pdf


High zeros...?  Is that similar to going flatter?

D
---------------------- Forwarded by Daren J Farmer/HOU/ECT on 02/26/2001
03:16 PM ---------------------------
Aimee Lannou   02/26/2001 02:50 PM

To: Earl Tisdale/HOU/ECT@ECT
cc: Daren J Farmer/HOU/ECT@ECT, Edward Terry/HOU/ECT@ECT
Subject: Meters with flow and no nom

Earl - I have a meter with flow and no nom.  Meter 1225 (Ingleside Plant
Brandywine) has flow from 2/14 thru 2/25.  Are these valid volumes or high
zeroes?  Please let me know what you find out.

Aimee


sorry I had to miss -- I got an emergency call from my mom who has been in a car accident and is seeking medical and legal counsel.

 -----Original Message-----
From: 	Rozycki, Joanne
Sent:	Thursday, October 25, 2001 11:39 AM
To:	Taylor, Mark E (Legal); Cook, Mary; Gray, Barbara N.; Greenberg, Mark; Hendry, Brent; Koehler, Anne C.; Leite, Francisco Pinto; Nelson, Cheryl; Sayre, Frank; Shackleton, Sara
Subject:	REMINDER THAT THE ATTY ROUNDTABLE MEETING AT LUNCH TODAY IS IN EB 3872

Joanne Rozycki
Senior Administrative Assistant
Enron North America Corp.
1400 Smith Street, EB3880D
Houston, TX  77002
Phone:  (713) 853-5968     Fax:      (713) 646-3490
Email:   joanne.rozycki@enron.com


Really? I can ask a girlfriend of mine - and/or my sister.

 -----Original Message-----
From: 	Arnold, John
Sent:	Tuesday, October 09, 2001 10:37 AM
To:	Allen, Margaret
Subject:	RE:

I've 2 extra tix if you anybody we like.

 -----Original Message-----
From: 	Allen, Margaret
Sent:	Tuesday, October 09, 2001 10:36 AM
To:	Arnold, John
Subject:	RE:

I'm here - my 11 got cancelled.

 -----Original Message-----
From: 	Arnold, John
Sent:	Tuesday, October 09, 2001 10:34 AM
To:	Allen, Margaret
Subject:

are you there?


May 2 it is.

"PARKER, Isabel" <isabel.parker@freshfields.com> on 05/01/2001 10:34:35 AM
To: "Kent Shoemaker (E-mail)" <kent.shoemaker@ae.ge.com>
cc: "Kay Mann (E-mail)" <kay.mann@enron.com>, "Carolyn Campbell (E-mail)"
<CCampbell@KSLAW.com>, "Gregory F. Lang (E-mail)"
<gregorylang@paulhastings.com>

Subject: GE Legal Opinion

This e-mail is confidential and may well also be legally privileged. If you
have received it in error, you are on notice of its status.  Please notify us
immediately by reply e-mail and then delete this message from your system.
Please do not copy it or use it for any purposes, or disclose its contents to
any other person:  to do so could be a breach of confidence.  Thank you for
your co-operation.  Please contact our
IT Helpdesk on +44 (0) 20 7936 4000 Ext.2000 or email ITHelp@freshfields.com
if you need assistance.

Kent
In answer to your question as to when the GE opinion should be dated, it
should be dated the execution date of the Turbine Contract, which I believe
will be tomorrow, May 2.  Please could Carolyn, Kay or Greg let Kent and
myself know if the Turbine Contract will be dated a date other than May 2.
Thanks
Isabel

Isabel Parker
T  +1 212 277 4025
F  +1 212 277 4001
E  isabel.parker@freshfields.com
520 Madison Avenue
34th Floor
New York, NY 10022
www.freshfields.com


When you going to stop showering me with gifts?

	David Parquet@ECT
	03/22/2001 06:33 PM

		 To: Jeff Dasovich/NA/Enron@Enron, Paul Kaufman/PDX/ECT@ECT
		 cc:
		 Subject: California Energy Summit -- March 30

I am not interested.  I sent to Mark Palmer, who suggested one of you guys.
Happy Birthday!

----- Forwarded by David Parquet/SF/ECT on 03/22/2001 04:32 PM -----

	"Neudeck,Randall D" <rneudeck@mwd.dst.ca.us>
	03/22/2001 09:10 AM

		 To: "'david.parquet@enron.com'" <david.parquet@enron.com>,
"'swehn@enron.com'" <swehn@enron.com>
		 cc: "Cole Frates (E-mail)" <cfrates@azurix.com>
		 Subject: California Energy Summit -- March 30

Cole Frates asked me to drop you a note  regarding the upcoming California
Energy Summit on March  30.??We previously  sent a letter to Jeff?Skilling
inviting Enron to the Summit, hosted by the  Valley Industry and Commerce
Association (VICA).??Confirmed attendance  includes CEOs and California
legislators (see list below).? News media will  be covering the event.? We
expect approximately 100 attendees.? We  believe it is important that Enron's
views are expressed "by Enron" not by one  of your colleagues.? Please let me
know if you can participate.? The  Summit lasts from 7:45 a.m. to 1:30 p.m.?
You would be on Panel #2 that  lasts from 9:45 to 10:30 a.m.? The Energy
Summit will be held at the  Sheraton Universal Hotel, 333 Universal Terrace
Parkway, Universal City.? I  look forward to hearing from you.???? -- Randall
Neudeck,  213-217-7537, VICA Board of Directors
?
Overall  Moderator? -- KCBS Channel 2  News Anchor Paul Dandridge?

Panel  #2
?-- Los Angeles  Department of Water & Power ) S. David Freeman, General
Manager?
?-- Reliant Energy ) Curtis Kebler,  Director of Asset Commercialization?
?-- Southern California Edison ) Stephen E.  Frank, Chairman, President & CEO
?-- The Gas Company ) Lee Stewart,  President, Energy Transportation Service?
?--?Trans-Elect, Inc. ) Robert  Mitchell, Executive Vice President
Panel?#3?
?--?Senator Richard Alarc?n, Majority  Whip, Chair, Labor & Industrial
Relations Committee
?--?Senator Debra Bowen, Chair,  Committee on Energy, Utilities &
Communications
?--?Assemblymember John Campbell,  Assistant Republican Leader for Policy
Development
?--?Assemblymember Keith S. Richman,  Minority Whip
?--?Assemblymember Fred Keeley, Chair,  Joint Legislative Audit Committee
(tentative)
?--?Assemblymember Paul Koretz, Chair,  Committee on Labor and Employment
?--  Los?Angeles City Council President Pro Tem, Ruth Galanter, and  Chair,
Commerce, Energy & Natural Resources Committee

Keynote Speaker ) Speaker of the Assembly Robert  Hertzberg

?


The weekly meeting scheduled for Thursday 10/18 has been rescheduled to Friday 10/19 from 11:00-12:00 at John Lavorato's request.  This meeting is very high priority.

La Donna
x34379


Mr. Christman:

Thank you for your invitation for Dr. Lay to speak at your upcoming forum in
France, the format looks wonderful.  Unfortunately, Dr. Lay has calendar
conflicts and will be unable to participate.

If you should need further assistance, please do not hesitate to contact us.

Tori Wells
Executive Assistant


don't know about the relationship with dave,  you'll have to work on that one.

i will talk to stan, but i can't believe he has any interest in developing
power plants anywhere.

Portland General did just get a dash approved for building about 45 mw in
oregon.  Stan Horton called me about it, and he was going to have someone in
Portland (i'll remember the name in a minute)  call tim belden about our
fundamental analysis of the region.
Stan also mentioned the there is an unregulated side of PGE that is enterring
into these transactions.  He wondered if that part of PGE should belong in
EWS.  Talk to tim and we'll decide how to approach that next week.

From: John J Lavorato/ENRON@enronXgate on 06/05/2001 10:14 AM
To: Greg Whalley/HOU/ECT@ECT
cc:
Subject: FW: Enron Everywhere

Fun Fun Fun

 -----Original Message-----
From:  Calger, Christopher F.
Sent: Wednesday, May 30, 2001 11:20 AM
To: Lavorato, John
Subject: Enron Everywhere

John,

I hate to whine, but...

EES:
Duran and I talked with Delainey yesterday.  It seems as though we are
setting up one centralized trading/risk function but we will have overlapping
origination functions.  I am sure I can work with whatever arrangement you
make with Dave, but it seems as though we will be tripping over each other in
the market.  Industrial coverage seems easy, but they want to call on IOU's
and Munis in order to buy customers.  These are fundamentally large,
structured short positions that are very similar to what we have been and are
pitching.

Transport/Operations:
Eric Gadd came back from London and reports to Stan Horton.  He heads up an
Asset Development group that is focusing on, among other things, power plant
development in the southwest.  This sounds crazy - do you want to call Stan
or should I?

Portland General:
They are developing generation in Oregon that is competing with one of our
projects.  No one in RAC has heard of this yet.  Not a big deal, I will call
Peggy Fowler, but thought you should be aware.

Regards,

Chris


[IMAGE]

Register now -- before it sells out!
Your customers are already signed up.
Click here to register and/or see the attendee list!

The Atlanta LDC Forum promises to be the largest gathering of energy buyers
in the Southeast. Network with your customers and hear from industry experts
about the growing gas and power crunch in the Southeast Region. The last 4
LDC Forums were sold out, so don't be too late!

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Supply constraints and availability
New projects
Will California problems spread to the Southeast?

Click here to go directly to the Atlanta LDC Forum Registration Form
For an agenda, a pre-listing of attendees or more information, visit our
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www.interchange-energy.com (then click on the Atlanta Forum)
or call Jerry Ribnick at 763-545-1515 or 800-427-3976

* * * * * * * * * * * * * * * * * * * * * *
		? ?The LDC Forum Series
?Atlanta
June 4-5. 2001	?Chicago ?
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Management's Discussion and Analysis of Financial Condition and Results of Operations   The Registrant (the "company" or "TI") announced third-quarter financial results that show the company's third-quarter revenue was $1849 million, down 9 percent from the second quarter and slightly better than the company's outlook issued in July for a decline of 10 to 15 percent. Orders, which had fallen 10 percent sequentially in the second quarter, declined 4 percent sequentially in the third quarter to $1638 million. Semiconductor orders were about even with the second-quarter level.   TI's overall book-to-bill for semiconductors continued to rise sequentially, and TI's DSP book-to-bill exceeded one for the second consecutive quarter. DSP revenue was up 10 percent sequentially and orders were up 11 percent sequentially. Orders for high-performance Analog turned the corner and increased 10 percent sequentially.   Inventory was reduced by $182 million from the end of the second quarter. Despite the decline in revenue, days of inventory were reduced to 58 from 72 at the end of the second quarter. Cash flow from operations was $334 million, and free cash flow was $22 million. The company also repurchased $152 million of company stock.   SUMMARY  OF  FINANCIAL  RESULTS  For the third quarter of 2001, TI reported the following:   - Total revenue for TI was $1849 million, down 41 percent from $3149 million in the year-ago quarter and down 9 percent sequentially due to weakness in Semiconductor.   - Cost of revenues in the third quarter was $1424 million, compared with $1637 million in the year-ago quarter. Cost of revenues decreased primarily due to decreased Semiconductor revenue.   - Research and development (R&D) totaled $358 million, down from $533 million in the third quarter of 2000 primarily due to acquisition- related charges for in-process R?in the third quarter of 2000.   - Selling, general and administrative expense in the quarter was $312 million, down from $453 million in the year-ago quarter due to savings resulting from restructuring activities and tight spending controls.   - Other income (expense) net decreased from $565 million in the third quarter of 2000 to $37 million in the third quarter of 2001, primarily due to a gain on the sale of Micron stock in the third quarter of 2000.   - The income tax rate for the quarter was 47 percent.   - TI orders in the third quarter were $1638 million, compared with $3250 million in the year-ago quarter and $1704 million in the second quarter.   Results for the third quarter of 2001 include net special charges of $37 million, of which $19 million is severance cost for a worldwide cost- reduction program and $16 million relates to the restructuring charges for the closing of three Semiconductor facilities (Santa Cruz, California; Merrimack, New Hampshire; and Tustin, California). Of the $16 million, $15 million is for the acceleration of depreciation over the remaining service life of the facilities. Also included is amortization of goodwill and other acquisition-related intangibles of $56 million.   For the second quarter of 2001, results include net special charges of $252 million, of which $214 million is severance cost for a worldwide cost-reduction program and $35 million relates to the restructuring charges for the closing of three Semiconductor facilities (Merrimack, New Hampshire; Tustin, California; and Santa Cruz, California). In addition, TI recorded a $68 million increase to the income tax provision to adjust to the expected tax rate for the year. Also included is amortization of goodwill and other acquisition-related intangibles of $58 million.   For the first quarter of 2001, results include net special charges of $50 million, of which $11 million is severance cost for first-quarter employee acceptances under the U.S. voluntary retirement program, $16 million is severance cost for restructuring actions in international Semiconductor locations, and $25 million relates to the closing of a Semiconductor manufacturing facility in Santa Cruz, California. Also included is amortization of goodwill and other acquisition-related intangibles of $59 million.   For the third quarter of 2000, results include investment gains of $425 million, included in other income, from the sale of 5.6 million shares of Micron Technology, Inc. (Micron) common stock, and net special charges of $163 million, of which $112 million is for purchased in-process R?costs from the Dot Wireless, Inc. and Alantro Communications, Inc. acquisitions, $41 million is for pooling of interests transaction costs from the Burr- Brown Corporation acquisition, and $10 million, net, is for several Semiconductor and Sensors & Controls restructuring and other actions in the U.S., Japan and Europe. Also included is amortization of goodwill and other acquisition-related intangibles of $41 million.   For the second quarter of 2000, results include an investment gain of $1211 million, included in other income, from the sale of 20 million shares of Micron common stock. Also included is amortization of goodwill and other acquisition-related intangibles of $25 million.   For the first quarter of 2000, results included net special charges of $29 million for actions including the closing of a Sensors & Controls manufacturing facility in Versailles, Kentucky, and TI's acquisition of Toccata Technology ApS. Also included is amortization of goodwill and other acquisition-related intangibles of $25 million.   Additional information relating to these items appears below under the heading "Special Charges and Gains."   OUTLOOK  It appears that third quarter of 2001 will mark the bottom for semiconductor orders, and the floor for revenue should be set in the fourth quarter. Fourth-quarter TI revenue is expected to decline about 10 percent sequentially, mostly due to normal seasonal declines in Educational & Productivity Solutions (E&PS) as well as continued weakness in Semiconductor.   Specifically, TI expects the following for the fourth quarter compared to the third quarter:   - In Semiconductor, revenue will decline about 5 percent as continued growth in DSP is more than offset by declines in other products.   - Sensors & Controls revenue will be about even.   - E&PS revenue will decline by about $110 million, or 60 percent, as the back-to-school season for educational products ends.   - Operating margin will decline about 9 percentage points before the effect of special charges and amortization of goodwill and other acquisition-related intangibles, reflecting the lower revenue level and further reductions in inventory.   - Non-operating income will decline about $10 million reflecting lower interest rates.   - Loss per share will be about 6 cents more in the fourth quarter, compared with the third quarter, before the effect of special charges and amortization of goodwill and other acquisition-related intangibles.   For 2001, TI expects the following:   - R?of $1.5 billion, excluding acquisition-related amortization and purchased in-process R&D, compared with the company's prior estimate of $1.6 billion and last year's $1.6 billion.   - Capital expenditures of $1.8 billion, unchanged from the prior estimate and down about 35 percent from last year.   - Depreciation of $1.6 billion, compared with the prior estimate of $1.5 billion and up about 30 percent from last year.   SEMICONDUCTOR  Semiconductor revenue in the third quarter was $1453 million, down from $2692 million in the year-ago period. Revenue was down from $1657 million in the second quarter due to continued weakness across most Semiconductor products, excluding DSP.   As a result of lower revenue, Semiconductor had a $219 million operating loss, compared with an operating profit of $681 million in the year-ago period and an operating loss of $37 million in the second quarter.   Analog revenue was down 45 percent from the year-ago period and 16 percent sequentially due to broad based weakness in demand. In the first nine months of the year, about 40 percent of total Semiconductor revenue came from Analog.   DSP revenue decreased 37 percent from the year-ago quarter due to broad based weakness in demand but increased 10 percent sequentially due to strength in wireless. In the first nine months of the year, about 25 percent of total Semiconductor revenue came from DSP.   TI's remaining Semiconductor revenue decreased from the year-ago quarter and sequentially.   TI's Semiconductor revenue in key markets was as follows:   - Wireless revenue was down 42 percent from the year-ago period but increased 16 percent sequentially. In the first nine months of the year, about 20 percent of total Semiconductor revenue came from wireless.   - Revenue from TI's catalog products, comprised of high-performance Analog and DSP, declined 52 percent from the year-ago quarter and 16 percent sequentially. In the first nine months of the year, about 15 percent of total Semiconductor revenue came from catalog products.   - Broadband communications revenue, which includes digital subscriber line (DSL) and cable modems, was up 8 percent from the year-ago quarter but declined 53 percent sequentially. In the first nine months of the year, about 5 percent of total Semiconductor revenue came from broadband communications.   - Semiconductor orders were $1308 million, compared with $2884 in the year-ago period and $1321 million in the second quarter.   SENSORS  &  CONTROLS  Revenue was $222 million, compared with $245 million in the year-ago period due to overall market weakness, and down from $257 million in the second quarter due to seasonal patterns in the heating and air conditioning industry and market weakness.   Operating profit was $45 million, or 20.2 percent of revenue. Operating profit in the year-ago period was $43 million, or 17.5 percent of revenue. Operating profit in the second quarter was $52 million, or 20.2 percent of revenue.   EDUCATIONAL  &  PRODUCTIVITY  SOLUTIONS  (E&PS)  E&PS revenue was $179 million, compared with $175 million in the year-ago quarter. Sequentially, revenue increased by $50 million due to back-to- school sales of educational products.   Operating profit was $67 million, or 37.3 percent of revenue, compared with $64 million, or 36.3 percent of revenue in the year-ago quarter. Operating profit increased 76 percent from the second quarter's $38 million due to seasonality.   FIRST  NINE  MONTHS  OF  2001  For the first nine months of 2001, TI reported the following:   - TI revenue was $6414 million, down from $8843 million in the first nine months of 2000, due to Semiconductor. The decrease in Semiconductor revenue for the first nine months of 2001 was primarily due to weakness across most Semiconductor products. The decrease in Sensors & Controls was primarily due to overall market weakness. E&PS was up slightly due to strength of educational products.   - Cost of revenues was $4452 million compared with $4544 million in the year-ago period. Cost of revenues decreased primarily due to decreased Semiconductor revenue.   - R?totaled $1216 million, compared with $1306 million in the first nine months of 2000. The decrease was primarily due to acquisition-related charges for purchased in-process R?in the first nine months of 2000.   - Selling, general and administrative expense was $1060 million, down from $1268 million in the year-ago period primarily due to cost reduction actions and reduced profit sharing.   - Other income (expense) net decreased from $2039 million in the first nine months of 2000 to $201 million for the first nine months of 2001, primarily due to the sale of Micron stock in 2000.   - The income tax rate was 46 percent.   - Orders were $5239 million, down from $9601 million for the same period a year ago, primarily due to weakness in Semiconductor. Semiconductor orders for the first nine months were down, primarily due to a combination of weak electronic end-equipment markets and excess customer inventories. Sensors & Controls orders were down due to overall market weakness. E&PS orders were up slightly due to strength of educational products.   FINANCIAL  CONDITION  In the first nine months of 2001, cash and cash equivalents plus short-term investments decreased by $1011 million to $2992 million, primarily due to capital expenditures. During the third quarter of 2001, cash and cash equivalents plus short-term investments decreased by $22 million due to the repurchase of the company's common stock.   Cash flow from operating activities was $1039 million in the first three quarters of 2001.   Capital expenditures totaled $1554 million in the first nine months of 2001, compared with $1789 million in the first nine months of 2000. Capital expenditures totaled $312 million in the third quarter of 2001 versus $585 million in the year-ago quarter.   Depreciation for the first three quarters of 2001 was $1145 million, compared with $869 million in the same period a year ago. Depreciation for the third quarter of 2001 was $414 million, versus $319 million in the year-ago quarter.   Debt-to-total-capital ratio was 0.10 at the end of the third quarter, the same as at the end of 2000.   In June 2001, the Financial Accounting Standards Board issued Statements of Financial Accounting Standards No. 141, Business Combinations, and No. 142, Goodwill and Other Intangibles, effective for fiscal years beginning after December 15, 2001. Under the new rules, goodwill and intangible assets deemed to have indefinite lives will no longer be amortized but will be subject to annual impairment tests in accordance with the Statements. Other intangible assets will continue to be amortized over their useful lives. The company will apply the new rules on accounting for goodwill and other intangible assets beginning in the first quarter of 2002. Application of the non- amortization provisions of the Statement is expected to result in an increase in net income of $100 million ($0.06 per share). During 2002, the company will perform the first of the required impairment tests of goodwill and indefinite lived intangible assets as of January 1, 2002 and has not yet determined what effect, if any, these tests will have on the earnings and financial position of the company.   SPECIAL  CHARGES  AND  GAINS  Third Quarter of 2001   As of September 30, 2001, $184 million of the $290 million aggregate severance cost obligations for the first, second and third quarter 2001 worldwide cost reduction and restructuring actions affecting a total of 5724 employees had been paid. In total, these first, second and third quarter 2001 actions are expected to result in annualized savings of approximately $400 million. In the third quarter of 2001, pretax charges of $37 million net were taken, of which $19 million was severance cost for a worldwide cost- reduction program affecting 285 employees and $16 million relates to the restructuring charges for the closing of three Semiconductor facilities (Santa Cruz, California; Merrimack, New Hampshire; and Tustin, California). Of the $16 million, $15 million was for the acceleration of depreciation over the remaining service life of the facilities. Of the $37 million, $27 million is included in cost of revenues, $8 million is in selling, general and administrative expense and $2 million is in research and development expense.   Second Quarter of 2001   In the second quarter of 2001, pretax charges of $252 million net were taken, of which $214 million was severance cost for a worldwide cost-reduction program affecting 3778 employees and $35 million relates to the restructuring charges for the closing of three Semiconductor facilities (Merrimack, New Hampshire; Tustin, California; and Santa Cruz, California) affecting an additional 559 employees. Of the $35 million charge, $14 million was for severance cost and $16 million was for the acceleration of depreciation over the remaining service life of the facilities. Of the $252 million, $162 million was included in cost of revenues, $84 million is in selling, general and administrative expense and $6 million is in research and development expense. Also included was a $68 million increase to the income tax provision to adjust to the expected tax rate for the year.   First Quarter of 2001   In the first quarter of 2001, pretax charges of $50 million net were taken, of which $11 million was for severance cost for 241 first-quarter employee acceptances under the U.S. voluntary retirement program, $16 million was for severance cost for restructuring actions affecting 261 employees in international Semiconductor locations, and $25 million relates to the closing of a Semiconductor manufacturing facility in Santa Cruz, California. Of the $25 million charge, $16 million was for severance cost for 600 employees and $5 million was for acceleration of depreciation over the remaining service life of the facility. Of the $50 million, $44 million was included in cost of revenues, $7 million is in selling, general and administrative expense, $2 million is in research and development expense, and $3 million is in other income.   Third Quarter of 2000   In the third quarter of 2000, TI recorded investment gains of $425 million from the sale of 5.6 million shares of Micron Technology, Inc. (Micron) common stock, offset by special charges of $163 million net, of which $112 million was for purchased in-process R? costs from the Dot Wireless, Inc. and Alantro Communications, Inc. acquisitions, $41 million was for acquisition costs from the pooling of interests with Burr-Brown Corporation, and $10 million, net, was for several Semiconductor and Sensors & Controls restructuring and other actions in the U.S., Japan and Europe affecting 432 employees. Of the $163 million, $112 million was included in research and development expense, $46 million is in selling, general and administrative expense, $31 million is in cost of revenues, $15 million is in net revenues and $11 million is in other income. The primary benefit from the above actions is reduced personnel costs, which are estimated to reach $31 million annually. The benefit began in the fourth quarter of 2000. As of September 30, 2001, $13 million of the $19 million severance cost obligation had been paid.   Second Quarter of 2000   In the second quarter of 2000, an investment gain of $1211 million, included in other income, was realized from the sale of 20 million shares of Micron common stock.   First Quarter of 2000   In the first quarter of 2000, pretax charges of $29 million net were taken, associated with actions including the closing of the Sensors & Controls manufacturing facility in Versailles, Kentucky, and TI's acquisition of Toccata Technology ApS. Of the $29 million charge, $12 million was for severance for the elimination of 480 jobs in Kentucky. Of the $29 million, $20 million was included in cost of revenues, $6 million is in selling, general and administrative expense and $3 million is in research and development expense. The primary benefit from the Kentucky action is reduced personnel costs, which are estimated to reach $10 million annually. The benefit began in the fourth quarter of 2000. As of September 30, 2001, $9 million of the severance cost obligation had been paid.   Purchased In-Process R?Charges   Year-to-date acquisition-related purchased in-process research and development (R&D) charges were zero in 2001 and $112 million in 2000. These charges are for R?from business purchase acquisitions. Values for acquired in-process R?(purchased R&D) were determined at the acquisition date based upon the appraised value of the related developmental projects. Purchased R?projects were assessed, analyzed and valued within the context and framework articulated by the Securities and Exchange Commission herein described as the Exclusion Approach.   Major assumptions, detailed in the following table, used in determining the value of significant purchased R?included the discount rate, the estimated beginning date of projected operating cash flows, and the remaining cost and time, in engineer-months, to complete the R?projects. The term "engineer month" refers to the average amount of research work expected to be performed by an engineer in a month.   The relative stage of completion and projected operating cash flows of the underlying in-process projects acquired were the most significant and uncertain assumptions utilized in the valuation analysis of the purchased R&D. Such uncertainties could give rise to unforeseen budget overruns and/or revenue shortfalls in the event that TI is unable to successfully complete and commercialize the projects. TI management is primarily responsible for estimating the value of the purchased R?in all acquisitions accounted for under the purchase method. TI expects to essentially meet its original return expectations for the projects.   Millions of Dollars -   Cost/time to                                                            Purchased                                     complete R&D       Year                                                            in-process                                       projects     cash flows  Entity   Acquisition  Consid-            Other   Deferred    R&D     Appraisal   R&D       Discount -------------------- projected acquired     date      eration  Goodwill  intan-  compen-    charge    method     focus       rate   At acquisi-    At    to begin                                           gibles  sation                                                tion    Sept. 2001 --------- ----------- --------- --------  ------  --------  --------  ---------  ---------  -------- ---------- ---------  -------- Alantro     Third      $277      $148     $ 81    $ 32       $ 52     Exclusion  Wireless     24%     $4.1/      $1.7/66    2002 Commun-     quarter                                                   approach   networking           256        engineer ications,   2000                                                                 technology           engineer   months Inc.                                                                             for home             months                                                                                and office  (c) 1995-2001 Cybernet Data Systems, Inc. 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The Payment status has changed on the following report:

Status last changed by:  System
Expense Report Name: RS100801
Report Total: $409.57
Amount Due Employee: $409.57
Amount Approved: $409.57
Amount Paid: $0.00
Approval Status: Approved
Payment Status: Processed

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


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