True - oops

 -----Original Message-----
From: 	Forster, David
Sent:	Tuesday, February 05, 2002 6:30 PM
To:	Kitchen, Louise
Subject:	RE: Web content

Actually, it will go "live" internally on Thursday morning for the simulation, prior to which time all substantial changes must be locked down, in order to allow for data cleanup prior to Friday's book to book transactions.

Dave

 -----Original Message-----
From: 	Kitchen, Louise
Sent:	Tuesday, February 05, 2002 5:59 PM
To:	'"Robinson, Claudia" <claudia.robinson@ubsw.com>@ENRON'; Shah, Kal
Cc:	Petrie, James [UBS]; Eber, Louis [UBS]; Brady, Penny [UBS]; Keily, Ruth [UBS]; Mitchell, Nikki [UBS]; Bridges, Mark [UBS]; Forster, David; Hollis, Amanda [UBS]; ODonnell, Pat [UBS]; Dow, Colette [UBS]; 'louise@enron.com'
Subject:	RE: Web content

Fine by me.  The site will go live this week-end in preparation for Monday morning.

 -----Original Message-----
From: 	"Robinson, Claudia" <claudia.robinson@ubsw.com>@ENRON
Sent:	Tuesday, February 05, 2002 12:04 PM
To:	Shah, Kal
Cc:	Petrie, James [UBS]; Eber, Louis [UBS]; Brady, Penny [UBS]; Keily, Ruth [UBS]; Mitchell, Nikki [UBS]; Bridges, Mark [UBS]; Forster, David; Hollis, Amanda [UBS]; ODonnell, Pat [UBS]; Dow, Colette [UBS]; 'louise@enron.com'
Subject:	FW: Web content
Importance:	High

Kal,

Below are preliminary comments from Communications and Marketing on the Web content. We will be making more minor
changes on Thursday, during the final review process, and review the site once it goes live next week.

I sent comments from Legal to you earlier today.

Please let me know if you have questions.

Claudia
212-713-8508

-----Original Message-----
From: Halligan, Laura [UBS]
Sent: Tuesday, February 05, 2002 1:00 PM
To: Robinson, Claudia
Subject:
Importance: High

Here is marked version of web text.  Only got to page 3...

Laura Halligan
Associate Director
Manager, Marketing Services
UBS Warburg Americas

 - webtext.doc << File: webtext.doc >>

Visit our website at http://www.ubswarburg.com

This message contains confidential information and is intended only
for the individual named.  If you are not the named addressee you
should not disseminate, distribute or copy this e-mail.  Please
notify the sender immediately by e-mail if you have received this
e-mail by mistake and delete this e-mail from your system.

E-mail transmission cannot be guaranteed to be secure or error-free
as information could be intercepted, corrupted, lost, destroyed,
arrive late or incomplete, or contain viruses.  The sender therefore
does not accept liability for any errors or omissions in the contents
of this message which arise as a result of e-mail transmission.  If
verification is required please request a hard-copy version.  This
message is provided for informational purposes and should not be
construed as a solicitation or offer to buy or sell any securities or
related financial instruments.


PLEASE NOTE:

The panels on "Creating America's Workforce for the 21st Century" and
"Building the Communication Network of the Future" SCHEDULED to run from
2pm-3pm, HAVE BEEN MOVED.  The same sessions will NOW TAKE PLACE from
5pm-6pm.

THANK YOU.


That's what I told AP, but after I looked like a major doofus on the front
page of the Chronicle... The last few weeks have not been pretty for PR...
How was your vacation?

From: Jeff Dasovich on 05/29/2001 11:13 AM
Sent by: Jeff Dasovich
To: Karen Denne/Corp/Enron@ENRON
cc:

Subject: Re: SF Gate: Enron's secret bid to save deregulation/PRIVATE
MEETING: Chairman pitches his plan to prominent Californians

Seems to have Riordan written all over it.  I say "no big deal."  We're
talking to everyone.  No secrecy involved.  We'll keep talking, being
constructive and trying to help develop solutions that work for CA.   Your
thoughts?


I think I confirmed for this already, but could you check and put on my
calendar and put this in the meeting file.
----- Forwarded by Steven J Kean/NA/Enron on 09/27/2000 05:36 PM -----

	Sherri Sera
	09/05/2000 10:07 AM

		 To: Steven J Kean/NA/Enron@Enron
		 cc: Ginger Dernehl/NA/Enron@Enron
		 Subject: Electricity Deregulation Report Card

Steve, I spoke with Ginger about your availability to deliver a keynote
address at a Maguire Energy Institute conference on "Electricity Deregulation
Report Card" on November 1.  Jeff is on this board, and they asked us if we
could enlist Ken Lay to deliver this keynote.  Ken is scheduled to be at a
board meeting in Washington this date, so is not available.   I suggested
that you may be a suitable replacement, and they are very interested in the
prospect of your participation.

The link below is to the website for this conference, and the keynote would
be delivered from 1:00p-1:30p, immediately following the luncheon.  Please
let me know if you are available and willing to deliver this keynote; I would
appreciate a response today if possible.

Thanks, SRS
---------------------- Forwarded by Sherri Sera/Corp/Enron on 09/05/2000
09:49 AM ---------------------------

"Mesch, Allen" <amesch@mail.cox.smu.edu> on 09/05/2000 09:34:25 AM
To: "Jeffrey K. Skilling (E-mail)" <jskilli@enron.com>
cc:

Subject: Electricity Deregulation Report Card

Sherri,

The link to the Maguire Energy Institute's "Electricity Deregulation Report
Card" is http://maguireenergy.cox.smu.edu/programs/fallconf.html

Thanks for your help.

Allen Mesch
Director
Maguire Energy Institute
Edwin L. Cox School of Business
Southern Methodist University
PO Box 750333
Dallas, TX  75275-0333

Phone: 214-768-3692
Fax: 214-768-4099
E-mail: amesch@mail.cox.smu.edu
Internet Site: http://maguireenergy.cox.smu.edu


Sheila:  Please send an email to Ted Murphy and Bill Bradford requesting
agreements with Deutsche Bank Securities.
Which Enron company(ies) are you requesting these agreements for?
Stephanie Panus will be handling this broker.
Thanks.  Sara


David:  I left Debbie a message to get the scoop (netting issues with CP, etc.).  Sara

 -----Original Message-----
From: 	St. Clair, Carol
Sent:	Monday, November 12, 2001 12:38 PM
To:	Shackleton, Sara; Portz, David
Cc:	Brackett, Debbie R.
Subject:	FW: Confidentiality Waiver

Sara and David:
Could you please handle this?

Carol St. Clair
EB 4539
713-853-3989 (phone)
713-646-8537 (fax)
281-382-1943 (cell phone)
8774545506 (pager)
281-890-8862 (home fax)
carol.st.clair@enron.com

 -----Original Message-----
From: 	Brackett, Debbie R.
Sent:	Friday, November  9, 2001 4:36 PM
To:	St. Clair, Carol
Subject:	FW: Confidentiality Waiver

Tell us what you think...on Monday. Thanks for being there for us.

 -----Original Message-----
From: 	Barbara_Morgen@aigi.com@ENRON
Sent:	Friday, November 09, 2001 4:27 PM
To:	Rohauer, Tanya; Bradford, William S.; Brackett, Debbie R.
Cc:	Peter_Galbraith@aigi.com; Brent_Gundlah@aigi.com; barbara.gray@enron.com
Subject:	Confidentiality Waiver

I am one of the attorneys with AIG Energy Trading Inc., which currently has
various financial gas transactions with Enron North America Corp. and
physical power transactions with Enron Power Marketing, Inc., subject to
Enron's general terms and conditions.  We have been approached by a
third-party  which would like to discuss with us the possibility of having
us assign some or all of our positions to them.  We would be interested in
pursuing these discussions with the third party, subject to Enron's consent
to waive the confidentiality restriction in the general terms and
conditions with respect to these discussions.  For your information, the
third party has a credit rating of AA-/Aa3.  We recognize, of course, that
any assignment would be subject to Enron's consent.

Please call Brent Gundlah in our credit department at (203) 861-3368, or
me, at (203) 861-3349 to discuss this.

Regards,
Barbara Morgen
AIG Energy Trading Inc.
Assistant General Counsel & Vice President
Tele:  (203) 861-3349
Fax:   (203) 861-3822
email:  bmorgen@aigi.com


---------------------- Forwarded by Dan Junek/HOU/ECT on 12/23/99 01:25 PM
---------------------------

pdrexel@columbiaenergygroup.com on 12/23/99 12:30:49 PM
To: Dan Junek/HOU/ECT@ECT, "        -         *germany, Chris"
<BLOCK@columbiaenergygroup.com>
cc:
Subject: JAN 2000 PENN FUEL GAS NEEDED

---------------------- Forwarded by Paul Drexelius/CES/ColumbiaGas on 12/23/99
12:37 PM ---------------------------

KIM NOVSEK BIZIK
12/23/99 11:34 AM

To: Phil Villagomez/CES/ColumbiaGas@ColumbiaGas
cc: Noel Bartlo/CES/ColumbiaGas@ColumbiaGas, Paul
Drexelius/CES/ColumbiaGas@ColumbiaGas, Marianne
Stiles/CES/ColumbiaGas@ColumbiaGas, Joanne Swogger/CES/ColumbiaGas@ColumbiaGas
Subject: JAN 2000 PENN FUEL GAS NEEDED

Hi Phil.

I need gas at Penn Fuel for Jan 2000.  The volume swings each day.  I have
attached my spreadsheet.  Please call me if you have any questions.  Thanks.

 - pfg0100.xls


simmer down missy....


Profiting From the Darkness; California's problems have created a lucrative
opportunity for energy companies. Unfair? Maybe. But don't expect mercy from
markets.
Newsweek, 05/14/01

Big Energy at the Table; Winning support for your agenda is easy when your
allies fill out the administration's top chairs
Newsweek, 05/14/01

UK: EMETRA plans weekly website metal auctions.
Reuters English News Service, 05/09/01

Talking Stocks
CNNfn: The Money Gang, 05/09/01

Business Leader Joins Elite List; Peter Holt to be Honored at Dinner of
Champions
Business Wire, 05/09/01

INDIA: CMS evaluating options on India LNG project.
Reuters English News Service, 05/09/01

The Latest California Power Craze: A Windfall Profits Tax Bill
TheStreet.com, 05/09/01

National Affairs
Profiting From the Darkness; California's problems have created a lucrative
opportunity for energy companies. Unfair? Maybe. But don't expect mercy from
markets.
By Allan Sloan With Kevin Peraino. SLOAN is NEWSWEEK's Wall Street editor.
His e-mail address is sloan@panix.com.

05/14/2001
Newsweek
23
Copyright (C) 2001 Newsweek Inc. All Rights Reserved.

When it comes to football, "piling on" a player who's already been tackled is
a major penalty that can set your team back a long way. But when it comes to
markets, piling on by taking advantage of the weak is called "opportunism,"
and it can get you a big bonus.
Which brings us to California, where piling on enfeebled utilities and
customers by power generators and power traders has become a way of life.
Thanks to the idiotic way that California deregulated its electricity
markets, the generators and traders of power in California have been making a
fortune because electricity costs have gone through the roof. Meanwhile,
consumers are getting pounded rather than protected, economic instability is
spreading throughout the Western United States and some of the utilities that
distribute power to customers are getting clobbered. One big utility, Pacific
Gas & Electric, has already gone broke and others may soon follow.
But while the market has produced a horde of losers--California's wholesale
power bill is running at 10 times the level of two years ago--there is a
handful of big winners: companies that generate or trade power in the
California market. Among the winners: Calpine, whose first-quarter profit
quintupled, compared with last year's; Reliant Energy and Williams Cos.,
whose profits more than doubled; Mirant, up 84 percent, and Dynegy and Duke
Energy, whose wholesale power profits doubled and quadrupled, respectively.
Enron, the nation's biggest energy trader, had a 75 percent increase in
wholesale-services profits, but says little of that was from California. Some
of these companies' profits would have risen far more--Mirant's would have
quadrupled--had they not taken big earnings hits to cover the risk of not
being paid for some of their California sales. If they finally get paid,
their profits will be outtasight. You can see why some of these companies'
stocks have heated up as California melted down.
To be fair, you can't attribute these entire increases to California--but you
can be sure California accounts for a good portion of them. There are other,
less obvious winners, too. Among them: the unregulated subsidiaries of some
companies that own California utilities; aluminum producers that are making
more money by closing their plants and selling their power allotments than
they would have made by producing aluminum; farms that find it more
profitable to resell electricity than to grow crops; and, in general, anyone
in the Western United States or Canada with an electron to spare and some way
of getting it into California.
I'm not saying that these companies are immoral for making a fortune by
taking advantage of California's problems. Breaking the law by creating an
artificial shortage--which has been alleged, but not remotely proven--would
be immoral. Taking advantage of a situation? That's what's known as
amoral--having no moral values, either good or bad. It's not nice, but it's
perfectly legal, and it's the way market players are expected to act.
So when California Gov. Gray Davis said last week that he was planning to
have a "heart to heart" talk with California power generators, you just had
to laugh. Because when it comes to business, those people have no hearts.
They're not supposed to.
What created the problem in California is not only deregulation, but a stupid
deregulation plan carried out ineptly: the Kilowatt Keystone Cops, as it
were. California put a cap on the rates that utilities could charge
customers, but until recently, it forced utilities to buy all of their power
in the short-term market. The utilities foolishly agreed to this deal. The
problem: short-term markets are notoriously volatile. And notoriously
ruthless. If there's a small surplus of power, you have desperate sellers
trying to sell power, which can't be stored. But if there's a shortage,
everyone piles on. Had California utilities been allowed to do the rational
thing and buy most of their power in long-term markets, they would have paid
more initially, but they and their customers would be in far better shape
now. Compounding the problem is that while the state deregulated the
wholesale rates the utilities paid for power, they capped the retail rates
utilities could charge. Combine that with total reliance on the short-term
market and--voila! --you're totally at the market's mercy. And markets have
no mercy.
In the old days, when utilities were regulated, there was often waste and
inefficiency, but power was reliable and utilities cared desperately about
keeping the lights on. Now, we have markets that don't care about anything.
Someday, markets may give us total reliability at a cheaper price than
regulation would. But in the meantime, get used to the piling-on concept.
Just hope you end up on top of the pile.
Photo: Electrifying returns: What the market will bear

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

National Affairs
Big Energy at the Table; Winning support for your agenda is easy when your
allies fill out the administration's top chairs
By Howard Fineman and Michael Isikoff With Mark Hosenball, T. Trent Gegax and
Rich Thomas in Washington

05/14/2001
Newsweek
18
Copyright (C) 2001 Newsweek Inc. All Rights Reserved.

If you were in the oil and gas business, it was a meeting that dreams were
made of. Nine days before George W. Bush was inaugurated, energy lobbyists
gathered at the American Petroleum Institute's offices in downtown
Washington. Their agenda: to write a wish list. One participant remembers it
fondly. "The tone was, 'OK, what do you guys want? You are going to have the
ear of this White House'." In came an easel and a whiteboard, and ideas
flowed: looser rules for drilling on federal lands; more drilling for oil and
gas in Alaska and the Gulf of Mexico; lower royalty payments for tapping
offshore wells. After a while, the mood in the room grew giddy. The man from
the wildcatters' association suggested going All the Way. It was time, he
said, to rethink the Endangered Species Act.
That was a wish too far. But many items on that board--and other lists
scribbled by other energy lobbyists in other offices around town--found their
way into the recommendations that the president will unveil to the nation
next week. The API list, in fact, was forwarded to George Bush's transition
team, which sent it to the Interior Department. On March 20, Interior sent
many of the same ideas to the Energy Task Force that Vice President Dick
Cheney had convened on Jan. 29. To close the loop, key leaders from that API
meeting have since been appointed to pivotal positions in Bush's
administration--among them J. Steven Griles, an energy lobbyist and the new
second in command at Interior, and Thomas Sansonetti, an energy lawyer
recently named the top environmental cop at the Justice Department. The two,
in effect, will help administer policies they helped to write.
If the Bush administration is homecoming weekend for the energy industry,
Dick Cheney's task-force report is the pregame tailgate party. Not since the
rise of the railroads more than a century ago has a single industry placed so
many foot soldiers at the top of a new administration. While the report will
recommend an array of what one White House aide advertises as "high-tech,
21st-century conservation ideas," its core will be a call to find and use new
sources of fossil fuels, as well as a renewed commitment to nuclear power.
What voters need to hear "loud and clear," the president declared last week,
"is that we are running out of energy in America."
Is there a national "crisis"? California faces rolling summer-electricity
blackouts. In New York City, officials are scrambling to add small gas-fired
generators to handle peak demand. Natural-gas prices have doubled in the past
year. The numbers on signs at filling stations are skyrocketing, and could
hit $3 a gallon this summer in the Midwest. In a West Wing interview with
NEWSWEEK, Cheney shied away from the C word. "I think the potential is there
for it to adversely affect the economy," he said.
But voters are using the word. In a NEWSWEEK Poll, 71 percent of those
surveyed say there is an "energy crisis" in California; 53 percent agree
there now is one in the country as a whole. Given an either-or choice between
"protecting the environment" and "developing new sources of energy," those
polled selected energy by 52 to 41 percent, compared with a 49-44 ratio just
one month ago.
There's something to be said for turning to energy-industry alums in this
situation--and Cheney, who like Bush is a son of the oilfields, is not shy
about saying it. "The fact of the matter is [you get] a lot of expertise with
people who have been dealing with these issues for a long time," he told
NEWSWEEK. In his own case, he said, his time at Halliburton, the
globe-girdling oil-services company, taught him "a hell of a lot about the
technology of the business," such as benign new ways to drill in Alaska's
Arctic National Wildlife Refuge.
But Americans are skeptical of industry motives--and, by extension, of Bush's
ties. When asked to name who had contributed "a lot" to the current energy
situation, those polled named two sets of villains: the U.S. energy companies
(66 percent) and overseas energy suppliers, such as OPEC. Bush himself gets
his lowest approval marks for his handling of energy and environmental
issues. Democrats, naturally, are pouncing on what they see as a populist
hole in Bush's armor. Late last week House Minority Leader Dick Gephardt was
stumping in Chula Vista, Calif.; with transmission lines as a backdrop, he
vowed to impose new federal caps on electricity rates--an idea Cheney flatly
opposes.
The administration may well have raised the political risk via the process it
used to draft its plan. The Bushies used a secretive, believers-only process
reminiscent of another such enterprise: Hillary Rodham Clinton's effort to
write a national health-care plan in 1994. Since the group comprises only
government officials, White House aides say, it is entitled to keep its
deliberations private. Still, industry leaders--who dumped $22.5 million into
GOP coffers in the last election--enjoyed constant contact with the task
force. Cheney met with a group of utility executives at the Edison Electric
Institute, whose president, Tom Kuhn, was a leading Bush fund-raiser. No one
has enjoyed better access than Enron CEO Ken Lay, who recently had dinner
with his good friend the president.
The environmental community, meanwhile, got one mass meeting with the staff a
month ago (and the promise of another this week with EPA Administrator
Christine Todd Whitman). Efforts to meet with Cheney were rebuffed. Cheney
himself confirmed he had not met with a single spokesman for the greens. That
dynamic has only fueled suspicions among enviros about what's going on behind
closed doors. "They're drumming up a fake energy crisis that doesn't exist,"
says Phil Clapp of the National Environmental Trust.
To be sure, the Cheney report will make many nods in the direction of
conservation and renewable resources. Cheney confirmed that it will call for
tax credits for both. The plan will herald and encourage the advent of less
intrusive, high-tech means for finding and extracting oil and gas and for
burning more coal. White House spinners have decided to divide the report
into five parts--only two of which will deal with the extraction and the
transmission of new sources of traditional types of fuel. The conservation
measures will be high tech and optimistically can-do about using Yankee
ingenuity to give Americans all the cars and appliances they want while using
less electricity from state-of-the-art power plants. But there will be no
paeans to the kind of pantywaist, tree-hugging self-abnegation the Bushies
think President Carter sermon- ized about a generation ago. "This isn't about
not bathing or turning off your lights," said a top Cheney aide. "This is
about finding environmentally safe ways to make sure we have the energy we
need."
That's not enough, environmentalists say, given the rising threat of global
warming the green community is convinced comes from burning fossil fuels.
"The test of any energy plan will be what it does to limit greenhouse gases,"
says Fred Krupp of Environmental Defense. The Union of Concerned Scientists,
concerned about global warming, says that renewables and conservation could
displace 20 percent of traditional electricity demand by the year 2020--and
greatly lessen the need for new power plants. Cheney thinks otherwise. In
that span, he said, reliance on renewables could indeed triple--a "fairly
optimistic" scenario but one that would still meet only 6 percent of total
electricity needs. But that estimate does not include imposing tough new
mileage standards on SUVs or mandating more efficient appliances. "Part of
our task," he said, "is to focus on reality, and reality is not 'Well, gee,
we'll conserve our way out, we don't have to produce any more,' or 'Wind and
solar will take care of it, so we don't need fossilfuels anymore'."
Now comes the hard part: selling the plan to the public and to Congress. Some
GOP strategists are sanguine about overcoming environmental concerns.
"Nothing like $3-a-gallon gasoline to help make the case," said one. But it's
probably not that simple. White House strategists are looking for clues on
how best to hawk the package in polls done for them by the Republican
National Committee. The surveys show that voters know very little about where
energy supplies come from or how they now are distributed in what has become
a relatively deregulated marketplace. "Voters out there think that the
government guarantees cheap, abundant energy," said one worried Republican
polltaker, "and that's not the way it works anymore." Other insiders worry
less about the Democrats than the news media, which they regard as addicted
to showing videotape of belching smokestacks. "Bush will have the bully
pulpit," says GOP consultant Alex Castellanos, "but it's not an easy sell."
But sell Bush must. He'll take his show on the road next week, joined by a
fleet of cabinet secretaries. They will declare that action is needed after
years of Clinton-administration neglect. They will say that there are no
quick fixes, and tout their market-based, supply-side, long-term answers.
They may use real-world vignettes about energy shortages. (On request, the
Natural Gas Supply Association provided the White House some.) But politics
is lived in the short term, and Bush late last week suddenly found himself in
the role of conservation advocate. He ordered federal facilities in
California to turn up thermostats, and pledged that they would reduce
electricity use by 10 percent. Cheney, the interview over, hurried to the
Cabinet Room for the announcement. It turns out that conservation matters a
great deal, at least in California, at least for now.
Photo: Inner circle: Cheney presiding over a meeting of the Energy Task Force
last week in the vice president's ceremonial office

Photo: Inner circle: Cheney presiding over a meeting of the Energy Task Force
last week in the vice president's ceremonial office Photo: The outsider:
Clapp claims the Bushies may be ginning up ``a fake energy crisis'' Graphic:
(Chart) Energy Advocates in the Bush Pipeline (Graphic omitted)

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

UK: EMETRA plans weekly website metal auctions.

05/09/2001
Reuters English News Service
(C) Reuters Limited 2001.

LONDON, May 9 (Reuters) - Metals Internet trading group EMETRA is to host
weekly auctions of physical metal on its trading platform, content manager
James van Bregt said on Wednesday.
As part of the development of its physical platform, EMETRA was due to hold
four copper auctions on May 10, but in light of its users' interest, the
company has not only increased the number of auctions but has decided to make
them a regular feature.
"When you see how successful the auctions are and given the amount of
interest we've had, this will be a weekly event," said van Bregt.
"Our idea was to have four auctions taking place and in fact it was slightly
swamped and we're now holding seven. In fact, we've even asked several
participants to keep their powder dry until next week," he said. The seven
auctions will be for 4,150 tonnes of copper, and one will be a warrant
auction.
Of the metal to go under the hammer, 500 tonnes will be available in
Rotterdam, and another 1,150 in Rotterdam "or parity," van Bregt said.
Another 1,500 tonnes will be available in parcels of 500 tonnes in Livorno,
Shanghai and Carrollton, Georgia, while 1,000 tonnes will be available in
Antofagasta in Chile.
The "auction hour" will last from 1300 GMT to 1430 GMT, van Bregt said.
"Provided we get a good level of bookings, say if four out of the seven
auctions get done, then clearly that tells us that this is the way to do
things," he said.
EMETRA began trading on its physical platform last October on its website
www.emetra.com, with over a million tonnes of liquidity.
EMETRA was founded in February 2000 as a joint venture between London Metal
Exchange ring dealer MG plc - subsequently bough by U.S. energy and power
giant Enron Corp - Internet Capital Group and Safeguard International Fund.
Last week, Peter Sellars, company chief executive, said that the company had
secured additional funding to develop its physical platform, while putting
its derivatives platform on a backburner.
EMETRA is currently rolling out warrant trading, copper and aluminium rod
trading and the first stage of its documentation centre.

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

Business
Talking Stocks
David Haffenreffer, Christine Romans

05/09/2001
CNNfn: The Money Gang
(c) Copyright eMediaMillWorks, Inc. (f/k/a Federal Document Clearing House,
Inc.). All Rights Reserved.

CHRISTINE ROMANS, CNNfn ANCHOR, THE MONEY GANG: You`re watching THE MONEY
GANG and we`re Talking Stocks.
DAVID HAFFENREFFER, CNNfn ANCHOR, THE MONEY GANG: And joining us once again
is David Katz from Matrix Asset Advisors.
ROMANS: Let`s hit the phones right away. California and Rich, hi there.
CALLER: Hi. During the nice run up of the last month, I`d lost a painful
amount of money in Enron (URL: http://.www.enron.com/) . I could never figure
out what was wrong with this stock. I`d like to know that if you know. And
also should I keep it and hope for a recovery or should I terminate and try
to get well somewhere else?
HAFFENREFFER: This is a familiar story.
DAVID KATZ, MATRIX ASSET ADVISORS: Yes. In terms of looking at a stock that
has performed poorly and hoping for a recovery, we generally would not do
that. We would reassess why you bought the stock in the first place, are the
fundamentals of the business strong enough. And if they are, we would stick
with this stock as a losing investment.
In terms of Enron, it`s been a great performer up until the last month. And,
as technology has started to come back and as the market has come back, some
of the stock that were leaders there`d been a lot of profit taking. We think
that`s the case there.
Basically we don`t have a strong opinion on this stock. We think it should
trade up over the next year or two because they do have good fundamentals. So
we`d stay with it but if the stock were to recover some, we`d take your money
off the table.
HAFFENREFFER: Another phone call now from Victor in Illinois. Hi Victor.
CALLER: Hi. Good afternoon. My question and thoughts - your thoughts on Amgen
(URL: http://www.amgen.com/) .
KATZ: OK. Amgen is a - one of the most successful biotech companies. They`ve
been so successful they`re no longer considered biotech. They`re considered a
big drug company.
We think that their prospects and their product line are good over the next
year but the stock is selling north of 40 times earnings. We`re comfortable
holding it. But, since you have a limited basket of money that you can put to
work, we think there are better drug companies out there we prefer.
We mentioned the Schering-Plough (URL: http://www.schering-plough.com/)
earlier or Pharmacia (URL; http://www.pnu.com/) , Upjohn (URL:
http://www.pnu.com/) or an Abbott Labs (URL: http://www.abbott.com/) we
think, are not as much an upside, but they`ve got a lot less downside. And we
think they`ll do real well over time.
ROMANS: Let`s go to Missouri now where Roy has a question.
Hi, Roy.
CALLER: Hello.
ROMANS: What would you like to know?
CALLER: Hi, I`d like to know the year end of what Procter & Gamble (URL:
http://www.pg.com/) looks like for the year and over the next year-and-a-half
to two years if it`s a good buy now? or if I even need to mess with it?
KATZ: We think it is a good buy now. The stock has been in the Wall Street
penalty box for the last year. It`s down from $100 a share or more. They
disappointed the Street so much that expectations were so low that they just
made the numbers this quarter and all of the sudden the stock`s up $4 or $5.
We think they`re slowly getting their act together. We think the stock will
do better. Fundamentals are going to improve over the next year and we think
the stock can trade back into the high 70s, low 80s.
HAFFENREFFER: Last question of the afternoon goes to Charlie right here in
New York.
Hi, Charlie.
CALLER: Hi, David. Thank you for taking my call.
I have a question on Ariba (URL: http://www.ariba.com/) and ADC Telecom (URL:
http://www.adc.com/) . Would this be a good time as an entry point in these
stocks? I have about a one to two-year outlook, in other words, I intend to
keep it for at least one or two years. So would this be a good buy at this
time?
KATZ: OK, in terms of Ariba, it`s a risky Internet stock. We would not get
involved with that right now. In terms of ADC Telecom, they`ve also come down
about 70 percent. We do think they have good prospects, short-term
fundamentals are crummy. We don`t think the stock goes down a whole lot more.
And we think the stock could double over the next two years.
ROMANS: All right, let`s talk about just your market perception overall and,
you know, we`ve taken questions from people about what they want to hear
about, but what kind of stocks do you like? what are your big picks?
KATZ: One, in terms of market outlook, we think stocks are be higher over the
next 12 to 18 months. When earnings are crummy and the Fed is lowering rates,
it`s generally a very good time to be buying stocks. We like select
technology. Within technology, companies like Compaq (URL:
http://www.compaq.com/) , which has been miserable, Hewlett-Packard (URL:
http//www.hp.com) , we think is going to do very well over the next year. A
smaller company, Adaptec (URL: http://www.adaptec.com/) selling at $11. We
think it could be at $20. We like the financials. They generally do quite
well when the Fed is easing. Companies like Comerica (URL:
http://www.comerica.com/) , FleetBoston (URL:
http://www.fleetbankbostonmerger.com/) , Bank of America (URL:
http://www.bankamerica.com/) , all very good investments. We like some old
economy stocks like a Leggett & Platt (URL: http://www.leggett.com/) or a
Sherwin-Williams (URL: http://www.sherwin.com/) and select pharmaceuticals.
We mentioned the Schering-Plough, Boston Scientific (URL:
http://www.bsci.com/) . So you really want to diversify. Don`t make bets in
any individual industries. Don`t make that to any individual stocks.
ROMANS: OK. David Katz, good advice, Matrix Asset Advisors, thank you very
much.
KATZ: Thank you.

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

Business Leader Joins Elite List; Peter Holt to be Honored at Dinner of
Champions

05/09/2001
Business Wire
(Copyright (c) 2001, Business Wire)

SAN ANTONIO--(BUSINESS WIRE)--May 9, 2001--The National Multiple Sclerosis
Society (NMSS) has announced that it will honor San Antonio Spurs Chairman
and Owner Peter Holt at its First Annual Dinner of Champions on Thursday,
Sept. 12, 2001. Holt will be presented the Hope Award in recognition of his
unwavering support of the NMSS. Serving as dinner chairs of the event will be
Tammy and Russ Bookbinder, executive vice president of the San Antonio Spurs.
The black tie event will be held at 7 p.m. at The Westin -- La Cantera
Resort. A "who's who" list of San Antonio business, political and social
leaders are expected to attend. Funds raised will benefit the National
Multiple Sclerosis Society -- Lone Star Chapter.
Since its inception on a national level 27 years ago, the Dinner of Champions
has raised more than $100 million for client programs, MS-related research
and individuals living with MS. The honor represents the highest bestowed on
an individual by the NMMS Society. Today, 70 major cities, from New York to
Los Angeles and Chicago to Houston, honor prominent leaders and top
executives on an annual basis. Past honorees include John Chambers, CEO of
Cisco Systems Inc.; Peter Coors, CEO of Coors Brewing Company; Arthur
Martinez, CEO of Sears and Roebuck; D. Mark Prestige, president of Tom Thumb;
Jeffrey K. Skilling, president and CEO of Enron; Ron W. Haddock, president
and CEO of FINA; and Tom Sherak, CEO of Twentieth Century Fox. Cumulatively,
these honorees represent the most influential cast of corporate, political
and entertainment leaders in the world.
Peter Holt is a shining example of this award and is no stranger to the fast
track of global business. He is a strong proponent of leading by example
through his value-based management philosophy. Since becoming the chairman of
the board of the San Antonio Spurs in 1996, he has led the team in
fund-raising and community outreach programs that range from the United Way
to efforts with the Fannie Mae Foundation and the Spurs Drug Free League,
which provides a safe place for grade school children to play basketball
after school.
Holt serves as chairman of the San Antonio Spurs and president and CEO of the
San Antonio-based Holt Companies. The Holt Companies got its start in 1933
when Holt's great uncle moved to San Antonio and opened a Caterpillar
dealership. When the dealership's territory expanded and other dealerships
opened, family members got involved in the business.
Today, Holt Companies includes Holt Machinery Company, which includes the
original Caterpillar dealership, and the San Antonio Spurs. "Working with
volunteers on a community project, with the Spurs players and staff or with
the Holt Companies, it's always the same," Holt said. "Treat people fairly
and honestly, and the amount you can accomplish with others is far greater
than anything you can do by yourself."
Holt's sentiments are illustrated not only in his involvement with the MS
Society, but also in his long-standing commitment to community service. He is
a member of the World Presidents' Organization, sits on the board of the San
Antonio Council on Drug and Alcohol Abuse, the United Way of San Antonio and
Bexar County and is a trustee of the Palmer Drug Abuse Program. A decorated
Vietnam War veteran, Holt ended his two years of service as a Sergeant E5
with a Silver Star, three Bronze Stars and a Purple Heart.
The black tie, seated dinner, to be held at The Westin -- La Cantera Resort,
is expected to raise several hundred thousand dollars for the National
Multiple Sclerosis Society-Lone Star Chapter. Multiple Sclerosis, a disease
of the central nervous system, affects an estimated one third of a million
Americans.
The NMSS, established in 1946, is the world's largest source of MS-related
funds, with the exception of the U.S. Government. The Dinner of Champions
enables the NMSS to continue its work in providing support services for
people with MS and their families, as well as funding research into the cause
and cure of this disease. The NMSS spends a larger percentage of revenue on
direct services than any other voluntary health organization primarily
serving adults. Close to home, the Lone Star Chapter serves more than 1,200
people in San Antonio area.

CONTACT: Stevens Group, Houston Melissa Stevens, 800/279-9249 or 713/840-0555
12:20 EDT MAY 9, 2001

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

INDIA: CMS evaluating options on India LNG project.
By Suresh Seshadri

05/09/2001
Reuters English News Service
(C) Reuters Limited 2001.

MADRAS, India, May 9 (Reuters) - U.S. firm CMS Energy Corp said on Wednesday
it was disappointed with delays in getting a bankable guarantee for its
Indian LNG-based power project and was now evaluating its options.
The statement came close on the heels of U.S. energy giant Enron Corp's
problems over its Indian unit's $2.9-billion, 2,184-MW project following the
state power utility's refusal to honour a commitment to buy all its plant's
power.
CMS, along with India's Grasim Industries , leads a consortium to build a
$1.6-billion LNG-terminal-cum-power plant at Ennore port, north of Madras.
"CMS is disappointed in the lack of progress by the Indian government," CMS
Energy's director of communications, Kelly M. Farr, told Reuters by e-mail.
"We are evaluating our options and will choose a course of action which
optimises the value for all of our Indian investments," Farr added.
India's Financial Express daily said last month that CMS had written to Prime
Minister Atal Behari Vajpayee seeking his intervention for providing a
payment security mechanism guaranteed by the federal government, to arrange
project funding.
In January, India's finance ministry indicated it may scrap a plan to extend
sovereign guarantees to three mega power projects, including the Ennore LNG
project.
The paper said CMS had indicated its impatience with continued delays in
providing a guarantee and hinted it may have to pull out of the project in
case of any further delay.
The 1,850-MW Ennore project has been promoted by the Dakshin Bharat Energy
consortium which also includes Germany's Siemens , Australia's Woodside and
Unocal Corp .
ENRON SHADOW
Enron's troubled Indian unit, Dabhol Power Company, finds its nearly complete
$2.9-billion, 2,184-MW project embroiled in a controversy over the state
power utility's refusal to honour a commitment to buy all the plant's power.
The Maharashtra State Electricity Board, which says the power is too costly,
has defaulted on monthly payments to DPC for the electricity it has taken,
forcing DPC's board to authorise its management to terminate the contract.
The CMS-led consortium won the LNG project from the Tamil Nadu state
government in 1998 and plans to build a 2.5-million tonnes a year LNG import,
storage and regasification terminal.
The LNG is to be imported from Qatar's RasGas and the electricity from the
power plant will be sold to the federal government-owned Power Trading Corp
of India.
India opened up its generation sector almost 10 years ago but investment has
been scarce as most of the country's power distribution is done by
cash-strapped, state-owned utilities.

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

The Latest California Power Craze: A Windfall Profits Tax Bill
By Christopher Edmonds
Special to TheStreet.com
5/9/01 3:17 PM ET

"Enough already."
That's the message Raymond James' power analyst Fred Schultz has for
California and its politicians.
As the Golden State faces another day of rolling blackouts, Edison
International (EIX:NYSE - news) begs its lenders not to push its utility --
Southern California Edison -- into bankruptcy; Gov. Gray Davis meets with the
generators he loves to hate; and the generators face the possibility of a
windfall profits tax.
Schultz, meanwhile, hopes common sense will soon prevail over the current
punitive, political nonsene. He is referring to the recent rash of political
action aimed at the profits of generators that sell power into the California
market, specifically, the California Assembly's and Senate's moves to impose
a windfall profits tax on generators.
On Monday, the Senate passed a bill that would require generators to fork
over every dollar they charge for power above an $80 per megawatt hour (MWh)
threshold to the state in the form of a tax.
Unfortunately, it's the California consumer who is left in the dark by the
politics of power.
The bill would effectively set price caps -- something that is really the
purview of the Federal Energy Regulatory Commission, or FERC. The bill now
moves to the Assembly, where it appears to have support. In fact, the
Assembly is considering its own version of the windfall profits legislation,
lowering the threshold to $60 per MWh.
Schultz says this action simply highlights the counterproductive nature of
California's punitive, political approach to solving the state's energy
crisis. "This round of legislative action is defeating, time-wasting and
value-destroying," he says. "The initiatives under way, if passed, will
ultimately destroy the California power markets as we know them today."
He has a point. The problem in California is a lack of electricity supply, a
result of a decade of regulatory posturing that discouraged the development
of new power plants to meet the surging demand for power from the burgeoning
high-tech economy.
At the very time California pols should be focused on encouraging new
generation, they are proposing policies that actually discourage new
development. "California legislators should ask themselves this: Does taxing
the sale price for electricity create more electricity supply or less?"
Schultz asks rhetorically, invoking a lesson from the Boston Tea Party in his
answer. "Less! Samuel Adams must be spinning in his grave right now. How in
The Almighty's name is this sort of ass-backward legislation going to create
more energy in the state?"
And, now some members of the state Legislature say they don't even need the
assistance of generating companies to solve the problem -- they'll build the
plants themselves. A power company with Davis as the CEO and engineered by
members of the legislature, the same group that managed to create the
policies that led to the current crisis, isn't terribly comforting.
The state needs the help of the generating companies. Companies such as AES
(AES:NYSE - news) Calpine (CPN:NYSE - news), Duke (DUK:NYSE - news) Dynegy
(DYN:NYSE - news), Mirant (MIR:NYSE - news), NRG (NRG:NYSE - news) and
Reliant (REI:NYSE - news) can and will help California solve their supply
problems if they are given a chance.
Fortunately, few observers believe the windfall tax bill will be enacted and
even fewer think such a law would withstand a constitutional challenge.
"We do not expect the proposed legislation to be enacted into law," Deutsche
Bank Alex. Brown power analyst Jay Dobson told clients on Tuesday. "The law
as currently written would provide a major disincentive to both the
development of new generating assets as well as the operation of high cost
existing assets. This would further exacerbate the shortage of generating
capacity in the state at a time when the shortage is likely to seem most
acute."
Schultz is more direct. "This is warped."
Windfall Tax: Dimming for Generators?
As rolling blackouts get more frequent, the political hyperbole in Sacramento
only will increase. And, with other punitive measures similar to the windfall
tax likely to surface, investors are concerned about the impact of such
proposals on generating companies doing business in the, er, tarnished state.
Alex. Brown's Dobson expects some giddiness in the stocks of generators as
temperatures -- both atmospheric and political -- rise. "Although we don't
expect the proposed legislation to pass, we do expect the level of 'headline'
risk to remain high," he notes. "This will likely lead to more volatility for
the generation stocks in the near term."
Still, Dobson predicts the "generation sector will outperform" as profits
surpass expectations this summer. His favorite names are Calpine, Reliant and
AES. He rates all strong buy. His firm has recently provided banking services
for Calpine and Reliant.
Schultz says Calpine and Mirant stand out in the group, a result of their
approach to the California markets. "Calpine and Mirant are reinvesting
heavily in California and are in the game for the long haul," he notes.
"Unlike the Texas trio [Enron (ENE:NYSE - news), Dynegy and Reliant] that
receives a lot of criticism from the governor, both Calpine and Mirant are
dealt with favorably and receive the benefit of the doubt in Sacramento. They
have dedicated millions of dollars to the development of meaningful power
supplies in the state." He rates both strong buy and his firm has not
provided recent banking services to either.
He also notes that Calpine has long-term power supply contracts that would
avoid the punitive measures of a windfall profits tax, and Mirant is "more
than adequately" reserved for possible write-offs associated with outstanding
receivables for selling power in the state.
Davis Meets the Generators
The governor has summoned top executives from the generating companies to
Sacramento on Wednesday to discuss the current crisis and possible solutions.
However, many important players -- including Calpine, Dynegy and Enron -- may
not even show up.
Many of the generating companies are soured by Davis' refusal to "call off
the dogs" in his investigations of possible collusion, price gouging and
intentional withholding of generation during periods of high demand. At the
same time, Davis is hoping to convince the generators to forgive a large
portion of past receivables, to cut prices on long-term power contracts, and
to build new low-cost generation.
The irony isn't lost on Schultz. "Davis now has a Senate-backed initiative to
castrate the earnings stream of wholesale generators should he choose to back
such an initiative," he notes. "Who in their right mind would walk into a
poker game knowing the deck was rigged against them? Is extortion still a
crime?"
Maybe this time around, Davis will put his cards on the table. If not, the
generators have every right to walk away from the table.


---------------------- Forwarded by Kay Mann/Corp/Enron on 04/02/2001 10:28
AM ---------------------------

"PARKER, Isabel" <isabel.parker@freshfields.com> on 04/01/2001 05:10:38 PM
To: "Carolyn Campbell (E-mail)" <CCampbell@KSLAW.com>, "John Keffer (E-mail)"
<JKeffer@KSLAW.com>, "Kay Mann (E-mail)" <kay.mann@enron.com>, "Rick Vicens
(E-mail)" <rvicens@deltapower.com>, "Gregory F. Lang (E-mail)"
<gregorylang@paulhastings.com>
cc: "BURKE, Ted (TDB)" <ted.burke@freshfields.com>

Subject: Enron/Delta Turbine Acquisition

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.

As discussed during our call earlier this afternoon, please find attached
for onward transmission to GE a draft of (i) the GE Consent and Agreement
and (ii) the GE legal opinion.

Kind regards
Isabel

 - NY003700033.DOC
 - NY003699615.DOC


half day of vac on 2/28
12.20 dentist appt on 2/29


Here is my file analyzing the Armstrong Project.  We can talk about it this afternoon.


Carol St. Clair
EB 3889
713-853-3989 (Phone)
713-646-3393 (Fax)
carol.st.clair@enron.com
----- Forwarded by Carol St Clair/HOU/ECT on 04/13/01 03:39 PM -----

	Chris Long@ENRON
	04/12/01 11:57 AM

		 To: Carol St Clair/HOU/ECT@ECT
		 cc:
		 Subject: Memorandum for ISDA U.S.Netting Legislation.DOC

----- Forwarded by Chris Long/Corp/Enron on 04/12/2001 12:56 PM -----

	Ruth Ainslie <RAinslie@isda.org>
	04/12/2001 12:47 PM

		 To: US REGULATORY COMMITTEE <USREGCOMM@isda.org>
		 cc:
		 Subject: Memorandum for ISDA U.S.Netting Legislation.DOC

Fax: +44 (20) 7330 9999
General Email: Helpdesk@allenovery.com
www: http://www.allenovery.com

Here is Dan Cunningham's memo on the above.

 - Memorandum for ISDA U.S.Netting Legislation.DOC


This was a futures contract done by Matt Motley, and I entered the forward
deal. I wasn't aware that futures deals don't get confirmed. I only knew that
when the contract expires, I need to enter a forward deal in EnPower to hold
the trader's position. It looks like you've already added a comment about the
trade going physical off of the NYMEX. Is there anything else you'd like me
to add? If not, I'll just make a note in the comments section of forward
deals entered in place of expiring futures contracts, and I'll mark "no
confirm" on these deals as well.

Thanks,
Kate

Melissa Ann Murphy
04/03/2001 09:47 AM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: 563928.01

Hello, 563928 is a deal that went physical off of the NYMEX.  I am not sure
who entered the trade but if we could get you all to put a comment saying the
trade went physical off of the NYMEX that would help us alot.  We do not
confirm these trades.  We sent a confirm out to the counterparty for this
trade and referenced the incorrect contract.

Thanks for your help,
Melissa


JEff--I was just on the phone with Kaufman and he asked if you could send me
a great document that you put together on a demand buy down program (and he
said it was the one you put together for Hertberg).  Could you send either
via e mail or fax?  612-339-4392


Attached is my testimony.


Best Buy Reports Third Quarter Earnings

********************************

********************************

View complete article at:
http://www.stockselector.com/newsarticle.asp?symbol=BBY&article=31439520

BEST BUY CO INC  26.500

MINNEAPOLIS, Dec 12, 2000 (BUSINESS WIRE) -- Best Buy Co., Inc. (NYSE:BBY)
today reported financial results for the third quarter of its fiscal 2001
year,
which ended November 25, 2000.

Best Buy reported net earnings of $57.3 million, or 27 cents per diluted
share,
for the third quarter of fis

Other Companies Involved:
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A

To unsubscribe, please go to
http://www.stockselector.com/modifyportfolio.asp?portnumber=1

, Copyright 1998-99, StockSelector.com


Thank you for your request. You will be notified by email when your request
has been processed. You can check the progress of your request by clicking
http://itcapps.corp.enron.com/srrs/auth/emailLink.asp?ID=000000000024480&Page=
MyReq.


Gerald,
Please review and comment.
Thanks,
Greg
---------------------- Forwarded by Greg Brazaitis/HOU/ECT on 05/30/2001
09:07 AM ---------------------------

"Sanches, Freddy" <Freddy.Sanches@steagpower.com> on 05/25/2001 09:08:10 AM
To: "'greg.brazaitis@enron.com'" <greg.brazaitis@enron.com>
cc: "'hanshaws@paceglobal.com'" <hanshaws@paceglobal.com>
Subject: Guaranty Letter

Greg,
The attached file contains comments to the HPL Guaranty Agreement.  Please
review and let me know if the revisions are acceptable.

Thanks,

Freddy Sanches, P.E.
Vice President, Economics and Finance
STEAG Power LLC
Three Riverway, Suite 1100
Houston, TX  77056
(713) 499-1162  Direct
(713) 499-1167  Fax
(713) 569-4338  Mobile
freddy.sanches@steagpower.com

 <<HPL GUARANTY.doc>>

 - HPL GUARANTY.doc


Iceland Naturally - Food Festival
A Complete Gourmet Travel Experience from $579 per person-

Reykjav?k/K?pavogur, Iceland
Feb. 27 - Mar. 3, 2002
Departures: Feb. 27 & 28, 2002

EAT, DRINK & BE MERRY IN ICELAND!
Iceland Naturally, an organization of leading Icelandic seafood, agricultural, water and tourism companies, invites you to the Iceland Naturally - Food Festival, 2002.

Enjoy a unique culinary festival spiced with Iceland's special brand of outdoor adventure, and outstanding entertainment!  The special ingredient is  Iceland's incredibly pure air and water that yields:

Superb seafood: fresh-caught in the North Atlantic's cool, clear waters
Tender and delicious lamb: raised free range on mountain herbs and berries
Invigorating spring water: proven to have the world's lowest mineral content
Rich dairy products: that will melt in your mouth

Icelandic food ingredients enhance any culinary style, and the Iceland Naturally Food Festival is your opportunity to discover why.

Here's what's on the agenda for this year's festival:

Feb. 27 - Mar 2 - Gourmet Dining.  Several specially-selected leading restaurants will offer special Festival Menus.  Click here for a list of participating restaurants.

Mar 1 - National Beer Day.  Day open to enjoy Iceland's beautiful outdoors with a day tour (optional).  At night celebrate the Food Festival and Beer Day with great a kick-off party.

Mar 2 & 3   Mystery Basked Food & Fun Cooking Competition.  The Winter Garden, Sm?ralind Mall (K?pav?gur, Iceland).  Head to the exhibition area of Iceland's newest shopping mall for an exciting Cooking Competition.  Internationally-acclaimed chefs from famous restaurants in Europe and the U.S.A. will compete, using Iceland's delicious natural food ingredients. The prize is the coveted Iceland Naturally Chef of the Year Award.

David Rosengarten, noted culinary critic, cookbook author and NBC-TV chef will head a distinguished panel of judges.

Siggi Hall, Master Chef  and Icelandic TV celebrity, whose Reykjavik restaurant was voted as one of the world's best by Cond? Nast Traveler, will run the competition.

Mar 3 - Gala Dinner.  Celebrate the best of Icelandic culinary arts with courses prepared by top Icelandic chefs from famous Reykjavik restaurants.  The Iceland Naturally Chef of the Year 2002 will be announced at the dinner.

GREAT FOOD DESERVES A GREAT SETTING
Iceland and Reykjavik offer the ideal ambience for a gourmet festival.  Magnificent waterfalls, towering mountains  and shimmering glaciers provide breathtaking views within  an hour's drive from the city.

By day work up an appetite with great days in the outdoors, whether it's snowmobiling, horseback riding or enjoying Icealnd's natural beauty and history.  Or simply relax in natural geothermal pools, soothing for your body and soul.

By night, discover outstanding music and entertainment in the much touted nightlife capital of Reykjavik.  Bj?rk and SigurR?s are only two Icelandic superstars launched in this trendy city where new musical groups appear every month.  Don't forget to keep a look out for the ethereal Northern Lights!

Prices (per person double):
Hotel Loftleidir/Esja - $579 per person (single supplement $55 p.p.)
Hotel Esja  - $579 per person (single supplement $55 p.p.)
Hotel Skjaldbreid $579 per person (single supplement $66  p.p.)
Hotel Klopp  $579 per person (single supplement $66  p.p.)
Hotel Cabin $579 per person (single supplement $76  p.p.)
Hotel Oak $579 per person (single supplement $55  p.p.)
Grand Hotel Reykjavik - $599 per person (single supplement $76)

Other hotels will be posted as information comes available

Price includes:
Round-trip transatlantic air on Icelandair from Baltimore/Washington (BWI), Boston and Minneapolis/St. Paul
3 Nights hotel with Scandinavian Buffet Breakfast daily (but arrival)
Round-trip airport bus transfers in Iceland
Admission to Kick-off Party
Gourmet Dinner one night at a participating Reykjavik Restaurant (additional dinners can be added to your package)*
Admission to Mystery Basket Cook-Off
Admission to Gala Dinner on Mar. 3
Shuttle Bus transfers to Mystery Basket Cook-Off

Extra nights available at special rates.

* Additional Gourmet Dinner Nights can be added to package for $65 per person.

Not Included:
Airport tax (from $69 p.p.)
Personal Travel Insurance
Meals other than those included
Transfers to Kick-off Party and Gala Dinner

Conditions:
Surcharge of $50 p.p. for flights from Minneapolis
Weekend surcharge of $25 p.p. for travel (either direction) on Fri, Sat, Sun
Extra nights may be required from some gateways
Subject to availability
Cancellation and change fees apply
No refund for unused services or package portions once trip commences

Please contact Icelandair Holidays
800-779-2899
holidays@icelandair.is
Hours of operation:
Mon - Fri 9a - 5p Eastern Time

ICELANDIC APPETIZERS
DAY TOURS for Mar 1, 2002

Savor natural scenery, work up an appetite and enjoy the best of Iceland.

SCENIC SIGHTSEEING

Blue Lagoon and Reykjanes Peninsula
Departs 9:40 a.m. (6 hours)
Price- $44 p.p.
Meet the exotic, moon-like landscape of Iceland's Reykjanes Peninsula and relax in the world famous Blue Lagoon.  Visit a historical church located on the estate of Iceland's President. Drive through fishing villages and surreal coastline en route to the Blue Lagoon, a geothermal azure lake cradled in a lava field.  Spend some time relaxing here and return refreshed for fine dining and nightlife!  (RE/88)

"Spirits" of Western Iceland
A unique way to celebrate Beer Day!
Enjoy Western Iceland's natural beauty and history that inspired great Sagas. You wil also experience the evolution of Iceland's popular libations.
Departs 9 a.m. (return around 6:30 p.m.)
Price- $105 p.p. (includes lunch)
min. of 4 passengers required
Enjoy a scenic drive to Western Iceland, visiting Europe?s most powerful hot springs and the intriguing Lava Falls.  Step back in time at Reykholt, home of the Medieval chieftan and Saga Writer, Snorri Sturluson.  Enjoy a late country style lunch in a charming restaurant in Borgarnes.  Then head to Egill Skalagrimsson Spirits distillery in Borgarnes where Iceland's famous national schnapps, brenniv?n, is distilled. Nearby is Borg farmstead where the famous (or is it infamous?) Viking Saga hero, Egill Skalagrimsson, lived.   A famous Icelandic beer label is named in his honor, and this tour ends with a visit to the Egill Skalagrimsson brewery in Reykjavik for an opportunity to taste the famous Egill's Gold Beer before returning to your hotel. (IF/01)

ADVENTURES IN THE GREAT OUTDOORS

The Pearl Tour -
Great Golden Circle and Snowmobiling
Departs 8:30 a.m. (8-9 hours)
Price- $184 p.p.
Combine the classical beauty of Iceland's Golden Circle with the exctiement of snowmobile action!  Enjoy the breathtaking Golden Falls (Gullfoss), the world-famous Geysir Spouting Hot Springs and the rugged beauty of Thingvellir National Park.  In the afternoon head to Iceland's second largest glacier (Langj?kull) for snowmobiling in a spectacular setting. (If weather conditions do not permit glacial snowmobiling, another scenic snowmobiling venue will be offered).  (IA/06)

Lava Horseback Riding Tour
9am or 1pm (2-3 hours, 1.5 hours on horseback)
Price- $39 p.p.
Take an invigorating winter horseback ride in a scenic area of lava and lakes. You will enjoy meeting Iceland's cheerful little "Viking horses", famous for their comfortable gaits. Horses available for all riding abilities.  Price includes riding helmets, boots and winter coveralls.   (IH/1a.)
Travel Ideas:  Try a Riding Tour with Lunch - $56 p.p. (IH/1b.)

Add a spa visit after your riding tour: $46 per person (Includes transfers, special massage, admission to geothermal swimming pool, hot tubs and sauna)

PARTICIPATING RESTAURANTS:
Siggi Hall at ??insveum (located at Hotel ??insv?)
Ap?tek
La Primavera
Sommelier-
The Grill at Hotel Saga
Hotel Holt
Sk?labr?
H?marh?si? (The Lobster House)
Vi? Tj?rnina (By the Lakes)
?r?r Frakkar (Three Overcoats)
Argent?na Steakhouse
The Pearl


What's the date again?

-----Original Message-----
From: Delaney Hunter [mailto:dhunter@s-k-w.com]
Sent: Thursday, October 11, 2001 2:25 PM
To: Jeff Dasovich (E-mail)
Subject: CESG Annual Retreat

Jeff-
Hey there! Will you please moderate a panel for me at the CESG Annual
Retreat? Below are the details. Just let me know.

Thanks,
Delaney

V.	Natural Gas Market Development. California has proceeded over the last
several years from 	a nuclear/hydro/QF price based generation cost base to
one dominated by natural gas costs - 	what's ahead for gas?
Proposals for new or enhanced interstate and intrastate pipelines, LNG
development, storage facilities as well as future price outlooks, etc.

Moderator: 	Jeff Dasovich - Enron

Panelists:	Keith McCrea - California Manufacturers & Technology Association
		Clark Smith - El Paso Corporation
Bill Wood - California Energy Commission
		Randy Wu - The Utility Reform Network
			Representative - Sempra


Hello everyone:

As you probably know Enron sponsors the children from "Gordon Elementary"
every year at Christmas.  These are children from very low income families
that otherwise would not have anything for Christmas.

For $175.00 per child, individuals can adopt a child or children or a group can
adopt a child or children.  Vince has agreed for the Research Group to sponsor
three children.  The money will go towards the purchase of one toy, clothing,
shoes, a winter coat and books.

If you would like to donate towards this worthwhile and gratifying project, please
make your donation in cash to Therese Candella by the 30th of November.

If you have any questions or would like more information please feel free to call
Therese at 3-5245.

Thanks!

Shirley


Kaplan is going out today.

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


Hey buddy, would you check these numbers?  This is what's on our Transco
reports for the deliveries to Doyle.

Date Burn's
1
2 6050
3 206
4 4765
5
6

	From:  Jim Homco                           02/06/2001 09:13 AM

To: Chris Germany/HOU/ECT@ECT
cc:
Subject:


i don't know about you guys, but i feel a lot better after reading that.

 -----Original Message-----
From: 	Hull, Bryan
Sent:	Tuesday, November 13, 2001 8:06 AM
To:	Bass, Eric; Blanchard, Timothy; Lenhart, Matthew; Landry, Chad
Subject:	Jesse

If there was ever a reason to re-think employment at Enron/Dynegy.....here it is:

http://www.chron.com/cs/CDA/story.hts/business/1129874


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    or turn off these reports please
    click here

NFL Reports, Player Updates

Latest NFL Player News

Correll Buckhalter, RB PHI - Free Agent Updated 11/17/01
Buckhalter has been suspended for this weekend's game against Dallas. He is one of three Eagles who will be held out of the game. Brian Mitchell will likely serve as Duce Staley's backup.

Jamal Lewis, RB BAL - Free Agent Updated 11/17/01
According to published reports, Lewis has been suspended for four games. Lewis' four-game suspension went into effect on Friday and he will not be allowed to work out or rehabilita!
te!
 with the team for four weeks, or until Dec. 17. Instead, Lewis will work toward recovering from a torn ACL in Tennessee.

Tyrone Wheatley, RB OAK - Giggles Updated 11/16/01
Wheatley (knee) is out for Sunday's game with the Chargers. Charlie Garner will once again be Oakland's feature back. Zack Crockett may be used in goal-line situations.

Frank Wycheck, TE TEN - Matty Updated 11/16/01
According to published reports, Wycheck is expected to play half of Sunday's game against Cincinnati. That makes him a risky start from a Fantasy perspecti!
ve!
.

Steve McNair, QB TEN - Free Agent Updated 11/16/01
McNair's status is still in question for Sunday's game against Cincinnati due to an injured right thumb. He threw the ball during individual drills Friday, and according to published reports, is likely to play despite not being 100 percent. We don't recommend McNair this week as a result.

Emmitt Smith, RB DAL - Bass/Hull Updated 11/16/01
Smith will return to the lineup Sunday against Philadelphia after missing two games with a sprained right knee. Cowboys Head Coach Dave Campo said after Friday's practice !
th!
at Smith would "be ready to play the majority of the game." His return bumps Troy Hambrick to fullback, but we wouldn't recommend you use either back against the stingy Eagles rush defense.

Frank Sanders, WR ARI - Free Agent Updated 11/16/01
Sanders (hamstring) was added to the NFL injury report on Friday and is now listed as questionable for Sunday's game against Detroit.  However, if you're completely desperate for a wideout in a larger league this week, Sanders' matchup against a vulnerable Detroit secondary is worth considering as long as he's able to play.

Chris Weinke, QB CAR - Tori
Updated 11/16/01
According to published reports, Weinke will be the starting quarterback for Sunday's game against San Francisco. However, he's not worth starting on your Fantasy team.

Daunte Culpepper, QB MIN - Giggles Updated 11/16/01
Culpepper is one pace for a good Fantasy season despite the lack of consistency in Minnesota's offense this season. He's one of the better quarterbacks in the league from a Fantasy perspective, and should be in your starting lineup on a weekly basis.

Cris Carter, WR MIN - Tori Updated 11/16/01
<!
FONT FACE="Arial, Helvetica">Carter's numbers may be down somewhat this season, but he's still too good to ever consider benching. The veteran has a knack for finding the end zone, and should have a good game against rookie CB Will Allen and the Giants' secondary on Monday night.

Randy Moss, WR MIN - Russell Updated 11/16/01
Moss is listed as probable for Monday's game against the N.Y. Giants due to an ankle injury. He's been underachieving this season, but it's almost impossible to bench him based on his potential to post solid Fantasy numbers.

Ricky Williams, RB NO - Bass/Hull
Updated 11/16/01
Williams is one of the better Fantasy backs in the league, and is a good player to use on a weekly basis. He'll face an Indianapolis defense that has been underachieving all season long, so Williams is a must-start.

Aaron Brooks, QB NO - Matty Updated 11/16/01
Brooks had a big game against San Francisco last weekend, throwing for 347 yards and two scores. He may be a bit inconsistent this season, but his potential to post huge numbers makes it tough to bench him, especially against a vulnerable Indianapolis defense.

Willie Jackson</!
A>!
, WR NO - Martin Updated 11/16/01
Jackson put up a huge game against San Francisco last weekend, posting 11 catches and 167 yards receiving. He'll face a questionable Indianapolis squad that is vulnerable to the pass in Week 10, so starting Jackson this week is a solid option.

Stephen Davis, RB WAS - Bass/Hull Updated 11/16/01
Davis has stepped up his play after beginning the season slowly. He's averaged 112 yards rushing over his last four games, and is once again emerging as a reliable Fantasy player. Give him the start in Week 10 against a Denver defense that is vulnerable to high scoring games.

Tony Banks, QB WAS - Free Agent Updated 11/16/01
Banks has played well of late, throwing five touchdowns in his last three games. He's got a good matchup this weekend against a Denver team that can be beaten through the air, but he's only worth considering in very deep Fantasy leagues.

Michael Westbrook, WR WAS - Free Agent Updated 11/16/01
Westbrook has been inconsistent this season, but he has caught three touchdown passes in his last four games. He'll face a Denver secondary this weekend that is vulnerable at best, so starting him in deeper leagues is wort!
h !
considering.

Rod Gardner, WR WAS - Free Agent Updated 11/16/01
Gardner has been held in check in his last two games, catching only three passes for 38 yards. He does have a favorable matchup this weekend against Denver, however, so starting him is a good move.

Az-Zahir Hakim, WR STL - Neal/McKay Updated 11/16/01
Hakim has been inconsistent in recent weeks, so starting him on your Fantasy team is a gamble unless the matchup is right. He'll go up against a tough New England secondary in Week Ten, so avoid using him outside of deeper lea!
gu!
es.

Torry Holt, WR STL - Tori Updated 11/16/01
Holt continues to put up consistent yardage totals, but he's only scored only three touchdowns this season. He'll face a tough New England secondary this weekend, but he's still worth starting on your Fantasy team based on his potential to put up solid numbers.

Isaac Bruce, WR STL - Frank Updated 11/16/01
Bruce hasn't put up the huge Fantasy totals this season, but he's still one of the better wideouts in the league. He'll face CB Ty Law and the formidable New England secondary, but he's still worth startin!
g !
based on his potential for big numbers.

Marshall Faulk, RB STL - Matty Updated 11/16/01
Faulk had a huge game against Carolina, proving that he is still the best Fantasy player in the league. He's a must-start every week, and should post solid numbers in Week 10 against New England.

Ernie Conwell, TE STL - Free Agent Updated 11/16/01

Conwell has had a few down weeks, so starting him on your Fantasy team is somewhat of a gamble. With the lack of depth at tight end around the league, however, starting Conwell is something many Fantasy owners will have no choice but to do.

Richard Huntley, RB CAR - Russell Updated 11/16/01
Huntley will be the likely starter this weekend against San Francisco, but don't be surprised if he splits carries with Nick Goings. Avoid starting either back in Week 10 if at all possible.

Donald Hayes, WR CAR - Martin Updated 11/16/01
Hayes had on!
ly!
 two catches for 11 yards last weekend against St. Louis. He's been unreliable for Fantasy owners this season, so starting him is a real gamble.

Wesley Walls, TE CAR - Free Agent Updated 11/16/01
Walls has been held in check over the last three weeks, but he's still one of the better tight ends in the league. He's had some success against San Francisco in the past, so starting him is advisable.

Muhsin Muhammad, WR CAR - Martin Updated 11/16/01

Muhammad finally had a somewhat productive game, catching six passes for 75 yards against St. Louis. He's had some success in the past against this week's opponent, San Francisco, so starting him is a decent move.

Brett Favre, QB GB - Frank Updated 11/16/01
Favre has been one of the best Fantasy quarterbacks in the league this season. He'll face an Atlanta team on Sunday with a very vulnerable secondary, so be sure to start Favre this week.

Bubba Franks, TE GB - Free Agent Updated 11/16/01
Franks may not put up huge yardage numbers, bu!
t !
his seven touchdowns in eight games makes him a valuable Fantasy player. Unless you have a better option on your roster, Franks is the type of tight end that should start on a weekly basis.

Bill Schroeder, WR GB - Frank Updated 11/16/01
Schroeder (ankle) is not listed on the NFL injury report, and is expected to start on Sunday against Atlanta. He's a solid play this week against Atlanta, whose secondary is vulnerable to strong passing teams like Green Bay.

More Updates

Schedule, Breakdown

Martin

Player	Pos	Points

Brady, Tom	QB	7.0

Dunn, Warrick	RB	17.0

Thomas, Anthony	RB	8.0

Brown, Tim	WR	14.0

Muhammad, Muhsin	WR	7.0

Owens, Terrell	WR	23.0

Elam, Jason	K	14.0

Dolphins	DT	11.0

TOTAL	 	101.0

Gannon, Rich	QB	22.0

Jackson, Willie	WR	18.0

Hayes, Donald	WR	1.0

Henry, Travis	RB	5.0

Jenkins, MarTay	WR	2.0

Moore, Rob	WR	0.0

		at Bass/Hull

Player	Pos	Points

Green, Trent	QB	5.0

Jones, Thomas	RB	1.0

Williams, Ricky	RB	17.0

Boston, David	WR	19.0

Brown, Troy	WR	3.0

Moulds, Eric	WR	2.0

Carney, John	K	15.0

Buccaneers	DT	19.0

TOTAL	 	81.0

Hasselbeck, Matt	QB	16.0

Wilkins, Jeff	K	12.0

Davis, Stephen	RB	0.0

Dyson, Kevin	WR	12.0

Ismail, Qadry	WR	18.0

Smith, Emmitt	RB	0.0

Copyright 2001 Commissioner.COM Inc and SportsLine.com Inc.
Your site can be reached from http://fantasy.sportsline.com

FB10SP


That is real good....Kenny

In a message dated 10/25/01 9:45:14 PM Eastern Daylight Time,
carson@us.ibm.com writes:

<< Subj:     Re: FW: Wagon Crash
 Date:  10/25/01 9:45:14 PM Eastern Daylight Time
 From:  carson@us.ibm.com (Chuck Carson)
 To:    Mike.Carson@enron.com (Carson, Mike)
 CC:    kenrcars@aol.com

 Mike,

 Check your email address for Ken

 "Carson, Mike" <Mike.Carson@enron.com> on 10/25/2001 04:04:08 PM

 To:   <m_besch@yahoo.com>, <chjohnson@hotmail.com>,
       <CDownard@vailresorts.com>, <suson@metronet.com>, Chuck
       Carson/Dallas/IBM@IBMUS, <Kencars@aol.com>
 cc:
 Subject:  FW: Wagon Crash

 I received this from an OU fan!

 >  -----Original Message-----
 > From:   Chris Boyd <cboyd@localok.com>@ENRON
 > Sent:   Thursday, October 25, 2001 3:47 PM
 > To:     Mike Coats; Carson, Mike
 > Subject:     FW: Wagon Crash
 >
 >
 > > -----Original Message-----
 > > From: Sean Sherman
 > > Sent: Thursday, October 25, 2001 3:01 PM
 > > To:   Jason Jones; Thad Miguez
 > > Subject:      FW: Wagon Crash
 > >
 > >
 > >
 > > Manhattan, KS (AP)- Tragedy has struck the sporting world yet again.
 >
 > > In a scene that has become all too familiar to sports fans, one
 > person
 > > was killed and several others were injured as the bandwagon carrying
 >
 > > thousands of life-long Kansas State Wildcat fans ran out of control
 > when
 > > all but two people jumped off. The name of the deceased has not been
 >
 > > released,
 > > pending notification of his immediate family. He is believed to be a
 >
 > > former
 > > Dallas
 > > Cowboys/Chicago Bulls/New York Mets fan, who was attempting a leap
 > to the
 > > Oklahoma
 > > bandwagon.
 > > The incident seems to have been caused by a 31-24 loss to Texas A&M
 > > Saturday afternoon.
 > > "You hear about things like this in other towns, but I never thought
 > it
 > > would happen here" said Bruce Snead, mayor of Manhattan.
 > > Preliminary police reports indicated the wagon, which was recently
 > > purchased from a dealer in Tallahassee, Fla., was in poor working
 > > condition and could not handle the load from the hoards of Wildcat
 > fans
 > > that had climbed aboard.
 > > "We were getting concerned that this might happen after the loss to
 > > Oklahoma," said Manhattan Police Chief Fitzgerald High. "We really
 > > became concerned after the CU game, but there were still only a few
 > > folks jumping off here and there. Then came Saturday's loss and they
 > all
 > > jumped...the horror!"
 > > The incident was not without heroes. Kansas State quarterback Ell
 > > Roberson, without regard for his own life, attempted to throw a rope
 > to
 > > the bandwagon's driver to help bring the vehicle under control.
 > > Unfortunately, Roberson drastically under threw the driver, catching
 > the
 > > axle of the bandwagon instead, and was unable to hold on to the
 > rope,
 > > fumbling away his opportunity to aid those in need.
 > > K-State's Mark Dunn attempted a similar effort, but his throw was
 > > intercepted by a nearby tree, never to reach the bandwagon driver.
 > > Kansas State head coach Bill Snyder could not be reached for
 > comment.
 > >
 > >
 > Notice: This information is intended only for the person or entity to
 > which it is addressed and may contain privileged and/or confidential
 > material. Any retransmission, dissemination, review or other use of,
 > or taking any action in reliance upon this information by persons or
 > entities other than the intended recipient is prohibited. If you
 > receive this transmission in error, please contact the sender, destroy
 > this message and delete the material from any computer system,
 > electronic storage, logs, archives, or other media. Information in
 > this message that does not relate to the official business of Local
 > Oklahoma Bank shall be understood as neither provided by nor endorsed
 > by the Bank.
 >

  >>


---------------------- Forwarded by Eric Bass/HOU/ECT on 01/04/2001 09:41 AM
---------------------------

	Enron North America Corp.

	From:  Eric Bass                           01/04/2001 08:42 AM

To: Chad Landry/HOU/ECT@ECT
cc: Timothy Blanchard/HOU/EES@EES, Matthew Lenhart/HOU/ECT@ECT, Bryan
Hull/HOU/ECT@ECT, Steve Venturatos/HOU/ECT@EC, Luis Mena/NA/Enron@Enron,
Brian Hoskins/Enron Communications@Enron Communications, Brian Hoskins/Enron
Communications@Enron Communications, Phillip M Love/HOU/ECT@ECT, David
Baumbach/HOU/ECT@ECT
Subject: Re: FW: Big commitment

I have said it 15 times already, but I will say it again.  Texas was 4-7 in
the season prior to Mack Brown.  The program was in shambles .  Mack Brown
came in late and was unable to salvage a recruiting class his first year.  Lo
and behold Texas goes 9-3, beat Nebraska in Lincoln (No. 3 at the time with
the longest home winning streak in recent history), and destroys Miss St in
the Cotton Bowl.   Those sound like some big wins don't they?  Does it sound
familiar?  I doubt you can compare the teams that LSU beat with the teams
Texas beat.  So my point is that players get up for new coaches.  You, as LSU
fans,  fans can expect about the same next year as this year.
Next year, is Texas' year ( and I know what you will say " well that is what
you say every year"), but Mack's first true recruits will be juniors and his
first class (half his/half Mackovics) will be seniors.  So, if he doesn't win
the big game next year, then you can call him a bad coach.  I have a problem
saying he is  a bad coach after he has put together 3 straight 9 win seasons.

As a side note,  look who won the national championship game - the Big 12.
If I am not mistaken, that makes the big 12 4-3  in the bowls while the Sec
was 4-5.  If not for a bumbled extra point and a few dropped passes the 12
would be 6-1 and the sec 3-6.  I see the beginnings of a new college fb
powerhouse conference.  The Big 12 will win at least the next  2 NCs.

See ya

Chad Landry
01/03/2001 09:30 PM
To: Eric Bass/HOU/ECT@ECT
cc: Timothy Blanchard/HOU/EES@EES, Matthew Lenhart/HOU/ECT@ECT, Bryan
Hull/HOU/ECT@ECT, Steve Venturatos/HOU/ECT@ECT
Subject: Re: FW: Big commitment

Looks like you guys have been having some fun during my absence.  I have a
question:  How many top recruiting classes does it take for Texas to win a
few big games in a single football season.  Dinnardo left LSU's recruiting
program in shambles.  Last year was one of the worst recruiting seasons in
LSU team history.  However, WE still managed to pull off some amazing team
victories this year.

If there is one thing I learned from watching LSU this season, its that its
nice to have talent on your team but its more important to have HEART and
PRIDE.  So keep watching your Texas big names choke and I'll keep watching
our TIGER No-Names win.

As Always, its all in Good Fun.

CKL

	Enron North America Corp.

	From:  Eric Bass                           01/03/2001 04:08 PM

To: Timothy Blanchard/HOU/EES@EES
cc: Matthew Lenhart/HOU/ECT@ECT, Bryan Hull/HOU/ECT@ECT, Chad
Landry/HOU/ECT@ECT, Steve Venturatos/HOU/ECT@ECT
Subject: Re: FW: Big commitment

Oh yeah, and by the way here are the rankings . . .

http://louisianastate.rivals.com/default.asp?sid=40&p=58&sp=1
---------------------- Forwarded by Eric Bass/HOU/ECT on 01/03/2001 04:06 PM
---------------------------

	Enron North America Corp.

	From:  Eric Bass                           01/03/2001 04:06 PM

To: Timothy Blanchard/HOU/EES@EES
cc: Matthew Lenhart/HOU/ECT@ECT, Bryan Hull/HOU/ECT@ECT, Chad
Landry/HOU/ECT@ECT, Steve Venturatos/HOU/ECT@ECT
Subject: Re: FW: Big commitment

Wilkerson is the number 3 prospect in the country at lineman behind Johnathon
Scott a commitment of guess who - Texas.

http://louisianastate.rivals.com/default.asp?sid=40&p=3&sp=1&pl=-13604
                      Wilkerson
http://longhornlink.rivals.com/default.asp?sid=798&p=3&sp=1&pl=-12695
                           Scott

To: Eric Bass/HOU/ECT@ECT, Matthew Lenhart/HOU/ECT@ECT, Bryan
Hull/HOU/ECT@ECT, Chad Landry/HOU/ECT@ECT, Steve Venturatos/HOU/ECT@ECT
cc:
Subject: FW: Big commitment

Raiding Texas baby!
---------------------- Forwarded by Timothy Blanchard/HOU/EES on 01/03/2001
03:44 PM ---------------------------

David Fontana
01/03/2001 03:42 PM
To: Timothy Blanchard/HOU/EES@EES
cc:
Subject: FW: Big commitment

Go Tigers!!!!!!!!!!
---------------------- Forwarded by David Fontana/HOU/EES on 01/03/2001 03:42
PM ---------------------------

ZamettoM@gtlaw.com on 01/03/2001 03:36:50 PM
To: David.Fontana@enron.com, Alex_Dmytraczenko@radian.com,
Mark_Locke2@es.adp.com
cc:
Subject: FW: Big commitment

-----Original Message-----
From: Scott Cullen [mailto:scullen@dwyercambre.com]
Sent: Wednesday, January 03, 2001 4:22 PM
To: Turner (E-mail); Bras (E-mail); Mark Zametto (E-mail)
Subject: Big commitment

We got a huge commitment today from big Ben Wilkerson, center out of
Hemphill, TX.  He is rated by Rivals as the #1 lineman prospect in the
country, and it is very rare for a center to rate so high on their list.
They keep rolling in; Marcus Spears is expected to announce on Friday.

This e-mail contains information that is confidential/privileged or both.
This information is intended only for the use of the individual or entity
named on this e-mail transmission.  Any disclosure, copying, distribution or
use of this information by any person other than the intended recipient is
prohibited.  If you have received this e-mail in error, please destroy
immediatley and contact sender.


Jim, I have added responses below in ALL CAPS.

 Joe Connor

	James D Steffes@EES
	09/20/2000 07:17 PM

		 To: Joe Connor/NA/Enron@Enron, Christi L Nicolay/HOU/ECT@ECT, Tom
Chapman/HOU/ECT@ECT, Steve Montovano/DUB/EES@EES, Joe
Hartsoe/Corp/Enron@ENRON, Sarah Novosel/Corp/Enron@ENRON, Donna
Fulton/Corp/Enron@ENRON
		 cc: Richard Shapiro/HOU/EES@EES
		 Subject: Southern RTO - Questions & Issues

The following is a set of issues I thought about while reading the Southern
RTO paper.  Not necessary critical, but something to think about.

1. Do we have an understanding of the big issues for MEAG, Dalton, and other
public power?  We need to be working these groups hard to make sure they
don't agree too quickly.
                THEY ARE SAYING THEY CANNOT ENTER INTO A FOR-PROFIT
ARRANGEMENT.  THEY SEEM TO BE IGNORING THAT THE PRPOSAL SAYS A TRANSMISSION
OWNER CAN KEEP THEIR ASSETS, PAY THE GRIDCO A FEE FOR OPERATIOS, AND NOT
PARTICIPATE IN THE LLC.  I KNOW THIS IS CONFUSING, BUT APPARENTLY TVA IS
SAYING THE SAME THING AS MEAG.  I WILL DISCUSS THIS FURTHER WITH MEAG THIS
WEEK.

2. I like the concept of a Gridco - for-profit company that does not own
assets but operates transmission grid.  It seems to blend pros and cons
well.  Key will be incentives.
               THEY ARE SETTING IT UP TO EVENTUALLY OWN ASSETS.  YES, THE
INITIAL KEY IS INCENTIVES AND THE TRANSMISSION OWNERS ARE CONTROLLING THE
INCENTIVES AS A PART OF THERE STATED REQUIREMENT TO PROTECT THE VALUE OF
THEIR ASSETS.

3. I agree with SOCO that S-T Reliability "authority does not extend to
initial unit commitment and dispatch decisions for generators".  Does this
imply no tight pool?  From later description, it looks like SOCO is proposing
LMP for settlements.
               THE RTO IS NOT TO BE INVOLVED IN UNIT COMMITMENT OR DISPATCH
DECISIONS, UNLESS  MANDATORY  REDISPATCH IS REQUIRED TO MAINTAIN FIRM SERVICE
OR THERE IS A SYSTEM EMERGENCY.

4. Not sure that I like the conclusion that "SERC Southern sub-region" is
preferred but probably not much success in pushing for bigger region?
                APPARENTLY THEY COULD NOT GET CLOSE ENOUGH TOGETHER WITH
GRIDSOUTH TO COMBINE INITIALLY.  SOUTHERN REALIZES THEY WILL HAVE TROUBLE AT
FERC ABOUT THE SIZE AND ARE JUST SAYING ITS BIG ENOUGH TO SATISFY THE STARTUP
OF A RTO.

5. I wonder what TVA thinks about this filing?
               WE ARE HEARING THAT TVA WANTS A NON-PROFIT ARRANGEMENT AND
CANNOT DO ANYTHING WITHOUT LEGISLATION.  WE NEED MORE DISCUSSION WITH THEM
ALSO.  THAT'S NOT MY TERRITORY, BUT I'LL BE GLAD TO PURSUE IT.

6. Interesting idea that Gridco could become Transco for future transmission
upgrades (pg 31).  What form of capitalization would be necessary?  SOCO
seems to think this won't happen.
               THEY ARE SAYING PRIVATE PLACEMENT FOR INITIAL FINANCING AND
THINK IT WILL BE AT LEAST A COUPLE OF YEARS BEFORE THE FINANCIAL COMMUNITY
WILL HAVE ENOUGH EXPERIENCE WITH THE GRIDCO TO ALLOW ANY CONSIDERATION OF AN
IPO.

7. Why does SOCO want Market Monitoring inside Gridco?  Why not have Gridco
contract this service?
                 THEY THINK FERC WANTED THIS.  I THINK THEY WOULD BE WILLING
TO TURN IT OVER TO A 3RD PARTY.  WE WILL ASK THEM THIS WEEK.

8. I don't think that SOCO should keep the ROFR for new transmission.  New
transmission plant investment should be driven by market rewards.
                I AGREE.  WE NEED TO PUSH FOR THIS TO BE OPEN AND FOR THE
EXISTING OWNERS TO BE PROVIDERS OF LAST RESORT.

9. Why not allow Enron to "finance" the Gridco operations?  On-going
operations should be contained within OATT?  We may do it without any voting
control.  Couldn't we finance a startup venture and sell services to SOCO?
               THEY HAVE MENTIONED A COUPLE OF TIMES THAT THEY ARE
CONSIDERING AN ALTERNATE PROPOSAL THAT WOULD INVOLVE A THIRD PARTY COMING IN
TO JUST OPERATE THE RTO, BUT AT THIS POINT THEY DO NOT KNOW OF ANYONE
QUALIFIED TO DO IT OR INTERESTED IN DOING IT.  ARE YOU READY TO PROPOSE ENRON
DOING THIS AND ALLOWING IT TO BE COMPLETELY INDEPENDENT?

10. I think that SOCO should simply arrange for Gridco "lease" of TO
facilities for 10 years, with an option to buy or sell.  I don't really
understand why TOs would "pay a fee to have Gridco operate their assets"? (pg
50).
              SAME AS ABOVE.  THE ONLY TIME A FEE IS PAID IS WHEN A NON-LLC
TRANSMISSION OWNER TURNS THEIR OPERATIONS OVER TO THE GRIDCO.

11. Agree with providing Gridco incentives to operate well - including maybe
losing money (pg 53).  How do these get established?
               THE TRANSMISSION OWNERS PLAN TO SET THE INCENTIVES AND CONTROL
ANY CHANGES.

12. Why have the TOs determine the Board of Directors?  Gridco is an
independent, self-financed company.  SOCO may not want to sign a lease with
Gridco but it shouldn't determine BoD.
                THEY WANT TO PROTECT THE VALUE OF THEIR ASSETS  AND CONSIDER
THIS NECESSARY TO DO SO.

13. I don't understand the restriction on "potentially significant adverse
effect on value of assets"?  Which assets?  I assume only transmission.  (pg
61).  I would simply argue that the lease agreement deal with this question.
               YES, ITS ONLY THE TRANSMISSION ASSETS.

14. Why the requirement to have "balanced schedules" DA and HA? (pg 67)
                NEEDED TO EVALUATE RELIABILITY.

15. There appears to be some confusion on Flowgate model and reference to
Contract Path? (pg 68)
                YES, THERE IS A MIXED BAG.  WE WILL DISCUSS THAT WITH THEM
THIS WEEK.  THINK THEY DID IT BECAUSE NEIGHBORING SYSTEMS ARE DOING IT
.
16. Real-time settlements pricing appears to use LMP but I don't see any
reference to bids? (pg 70)
                 YES, THEY TAKE VOLUNTARY BIDS FOR GENERATORS AND LOADS.

17. SOCO continues to use 888 OATT terms like Network Service.  My current
thinking is that our new tariff (Project e-trans) provides only one Service =
Network Plus.
               THEY AREN'T THERE YET.  WILL ALSO BE DISCUSSED THIS WEEK.

18. Disagree with RTO operating secondary market for FTRs (pg 75)
                I THINK THEY THINK THIS IS NEEDED JUST TO KEEP UP WITH WHAT'S
AGREED TO.  WOULD PROBABLY BE WILLING TO GIVE IT UP IF EVERYONE IS ALWAYS
AWARE OF WHO OWNS WHAY RIGHTS.

19. Does RTO only operate 100 kv and above?  What about lower voltages?
               THEY MODIFIED THAT LAST WEEK.  WILL BE WHATEVER THE GRIDCO
DECIDES IS NEEDED FOR WHOLESALE.  SAID THEY WERE CURRENTLY LOOKING AT THE 69
KV SYSTEM, BUT WOULD USE FERC'S 7 FACTOR TEST TO DECIDE.

20. Transmission Pricing is probably biggest problem given SOCO insistenance
on retail bundled customers (pg 104).
                AGREE. AMEA HAS RAISED A QUESTION ABOUT PRICE SQUEEZE BECAUSE
IT MIGHT BE MORE EXPENSIVE FOR THEM TO GET OUT TO GENERATION TO SERVE THEIR
LOAD THAN IT WOULD BE FOR ALABAMA POWER TO SERVE THE SAME LOAD.

21 SOCO proposal on initial ROE as wgt avg as highest of state's jurisdiction
is worth how much???
                DON'T KNOW HOW MUCH.  HAVEN'T SEEN ANY NUMBERS YET.

22. Does Enron have a policy on Transmission Losses?
                THOUGHT YOU WERE CONCERNED ABOUT PRICE CERTAINTY AND
COMPARABILITY.  IF THERE ARE OTHER  CONCERNS, LET ME KNOW.

23 On incentives for new Transmission plant, why not give developers the FTRs
created?
                DON'T THINK SOUTHERN IS EVEN THINKING ABOUT 3RD PARTIES
BUILDING TRANSMISSION AT THIS POINT.

In general, an interesting opening offer from SOCO.  I guess I am still
confused over how a bundled retail customer will have priority in this model.

We also need to work with state PUCs to see what they are thinking about
this.  Especially to try and learn what SOCO is saying about Native Load
exception.

Finally, SOCO seems to say only one control area.  Is this right?

Jim

YES, ONLY ONE CONTROL AREA IS WHAT THEY PROPOSE, BUT WILL ALLOW MORE THAN
ONE.  I UNDERSTAND THEY ARE TELLING THE OTHER POTENTIAL PARTIES THAT THE ONLY
WAY THEY GET ACCESS TO THE ENTIRE RTO AT A POSTAGE STAMP RATE IS TO AGREE TO
ONE CONTROL AREA.  NOT SURE WHAT YOU MEAN BY PRIORITY OF BUNDLED RETAIL.
LOOKS LIKE THEY GET NONE, JUST PROTECTION FROM ANY SIGNIFICANT PRICE INCREASE
WITH THE TRANSITION.  I AGREE WE NEED TO BE WORKING ON THE PUCS; PLAN TO
START ASAP.


ship it to the plant

 -----Original Message-----
From: 	Dinari, Sabra L.
Sent:	Monday, April 08, 2002 9:40 AM
To:	Germany, Chris
Subject:	RE: Lone Star

what are we going to do with the extra 4,000?

 -----Original Message-----
From: 	Germany, Chris
Sent:	Monday, April 08, 2002 9:38 AM
To:	Dinari, Sabra L.
Subject:	RE: Lone Star

we have been selling txu 10,000 day on lone star since the 1st.  for tomorrow we are selling them 6,000 instead of 10,000

 -----Original Message-----
From: 	Dinari, Sabra L.
Sent:	Monday, April 08, 2002 9:35 AM
To:	Germany, Chris
Subject:	RE: Lone Star

is this incremental or did baseload go down?  if incremental, who did you purchase it from or are we taking down what we're delivering to Kleburne plant?  details please...

Sabe

 -----Original Message-----
From: 	Germany, Chris
Sent:	Monday, April 08, 2002 9:01 AM
To:	Mazowita, Mike; Kelly, Katherine L.; Denetsosie, Troy; Dinari, Sabra L.
Cc:	Hill, Garrick
Subject:	Lone Star

I sold 6,000 dth to TXU at $3.18 for tomorrow.


meeting file
----- Forwarded by Steven J Kean/NA/Enron on 02/01/2001 05:16 AM -----

	Gary P Smith
	01/31/2001 04:32 PM

		 To: Steven J Kean/NA/Enron@Enron
		 cc: Maureen McVicker/NA/Enron@Enron, Carolyn Perry/OTS/Enron@ENRON
		 Subject: ETS HR Conference

Steve,

Thank you for agreeing to speak at the ETS HR Conference.  Since we spoke
last week, the meeting date has changed from February 20 to Monday, February
26 to better accomodate presentors' and attendees schedules.  We have
confirmed that this date works well for both you and Stan Horton.  On the
26th, we will kick off the afternoon session with lunch at 12:15 PM, followed
by your presentation from 1:30-2:30 and Stan's from 2:30-3:30.  You are
invited to have lunch with us and spend as much time with us that afternoon
as your schedule allows.

To follow up on our conversation last week, it would be great if you could
talk to the group about Enron's performance in 2000, its successes and
stumbles, and how ENE's stock price is impacted.  It would also be helpful if
you could discuss the look of Enron in 2001, what its primary busninesses are
and how they drive earnings; as well as what significant initiatives Enron
has planned for 2001.  I have asked Stan to talk about ETS' performance
during 2000, what he was pleased with and what lessons were learned.  He also
will share his perspective on how ETS fits into Enron's plans for 2001, as
well as what initiatives and objectives are critical to ETS' success this
year.

Thanks again for taking time out of your schedule to spend it with the ETS HR
team.  I look forward to seeing you on February 26.

Gary


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