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?	VentureWire
	Monday, June 04, 2001		?
?	CONTENTS | COMPANIES | INVESTORS | ADVERTISE | TELL A FRIEND	VentureWire Index
		'VentureWire
		today: 684.6 ? +0.07%	?
?

		top stories

		  Matrix Partners Raises $1 Billion Fund
		  Atom Shockwave Says 'Game Over' to Some Staff
		  Sevin Rosen Teaming Up With N. Va. Firm
		 Imaging Tech Firm NuCORE Raises $20 Million Series C

		TODAY'S FEATURES
		Week in Review: VC Fallout Continues, Bertelsmann Stays in Tune
		By Daniel Boylan
		With venture capital returns plummeting, LaunchCenter39 (LC39) Venture Group
has decided its investors will be better off with their money back rather
than risking losing it all. more>>
		UPCOMING EVENTS
		June 26-27: San Francisco
		Enterprise Outlook 2001
		Investment remains strong in enterprise software with over 250 deals so far
this year! Listen to Dick Shaffer's interview with ON24 discussing analysis
of this industry and previewing the upcoming Enterprise Outlook. Only 3 weeks
until Enterprise Outlook, so register today!

		Outlook for the Venture Capital Market
		* 20th Univ. of Michigan Growth Capital Symposium, June 19-20
		* Meet with LPs and GPs of successful funds. Interact with
		execs from life sciences, MEMS, Telematics & IT firms
		* Outlooks include Kleiner Perkins Caufield & Byers,
		Draper Fisher Jurvetson, State of Michigan Pension Fund.
		* Connect with the Center for Venture Capital and Private
		Equity Finance at the University of Michigan --- serving
		the institutional VC community for 20 years.
		* Call 734-936-3528 or view the Center's website for
details:http://www.umich.edu/~cvpumbs

		new money

		  Clearswift, Formerly Net-Tel, Raises $9.6 Million A Round
		  SPS Commerce Raises $10 Million in Round Four
		  Transportation App. Firm Kizoom Gets $2.1 Million Round One
		  Power Technology Firm Cheng Power Raises $3 Million
		  Records Management Software Firm iWitness Has $11M Round Two
		  Micro-Electro Mechanical System Firm PHS MEMS Raises $26.3 M
		  Johnson & Johnson Backs Nanoparticles, Polymer Firm Alnis
		 Wireless LAN Firm Service Factory Closes Second Round
		 Biotech Firm Vasca Raises $19.6M in Series F Financing
		  CML-ATC Technologies Picks Up $2M in Round Two
		  German Venture Firm bmp Increases Stake in indecom By 25%
		  IBT Technologies Raises $4.8M Series C, Appoints President
		  Cadant Announces Funding, New CEO, and 15% Layoffs

		bad news

		  B2B Commerce Platform for Media Ads, eMadison.com, Closes

		new deals

		  Venture Frogs Sells drugs.com Domain Name

		new products

		  Professional Services Automation Firm PrimeActive Launches
		  With Cenetec Funds, Brokerage Renamed Innovation Capital
		 Enterprise Software Firm Bodha Launches First Product

		m&a

		  Barclays Private Equity Backs MBO of Recruitment Solutions

		new people

		  Optical Access Firm Native Networks Appoints CEO
		  Media Tech Firm EnterTec Group Names Dror Chevion President
		  Comprehensive Software Systems Names New President & CEO

		vc fund news

		  New Zealand Gov't. Launches $40.9M Early-Stage Fund
		 Silicon Valley Bank Forms New Seed Capital Practice

		vw corrections

		  Accumedia

		 TOP STORIES... NEW MONEY... BAD NEWS... NEW DEALS... NEW PRODUCTS... M&A...
NEW PEOPLE... VC FUND NEWS... VW CORRECTIONS

		top

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		from global markets to reinsurance, trade credit to risk
		management.

		Financial Services Outlook
		July 31
		The Marriott World Trade Center

		Check out the latest industry updates and hear the
		best of the best give their views on market opportunities.
		Register before June 19 and SAVE
$100:http://www.financialservicesoutlook.com/register.asp

		 top stories
		?
		Matrix Partners Raises $1 Billion Fund
		 mail? top

		 WALTHAM, Mass. (VENTUREWIRE) -- Matrix Partners, a Waltham, Mass.-based
early-stage venture capital firm, has closed on a fund of $1 billion,
VentureWire has learned. The new fund is the firm's seventh. The firm
confirmed that it has raised the new fund but declined to make further
comment until making a formal announcement, which it plans to do this summer.
Matrix closed its last fund in 2000, Matrix Partners VI with $530 million.
The firm, which has nine partners and a satellite office in Palo Alto,
Calif., was founded in 1982. Matrix Partners backs companies in the
computing, Internet, networking equipment, semiconductor, software, and
storage sectors.  The firm invests between $100,000 and $300,000 in seed
deals and invests up to $10 million in early-stage rounds. According to
VentureWire data, Matrix is the twelfth venture capital firm to close a fund
this year with at least $1 billion. Apax Partners raised a fund of about $4
billion to target Israeli and European companies, while ten other firms,
including Austin Ventures, Charles River Ventures, Greylock, and U.S. Venture
Partners, closed funds closer to the $1 billion mark. Atlas Venture came in
just short with its $950 million Fund VI in April. In all of last year,
eighteen VC firms closed $1 billion funds. Matrix Partners portfolio
companies include Appian Communications, a Boxborough, Mass.-based developer
of optical networking technologies for communications carriers; Blue Dolphin
Group, a Wayland, Mass. e-mail-based subscription agent that recently cut 20%
of its staff; Lexra, a San Jose, Calif.-based microprocessor developer; and
Sunnyvale, Calif.-based RealChip Communications, which provides custom and
standard chips for communications applications.
		http://www.matrixpartners.com

		Atom Shockwave Says 'Game Over' to Some Staff
		 mail? top

		 SAN FRANCISCO (VENTUREWIRE) -- AtomShockwave, an online entertainment and
content distribution company, said it was restructuring the company and has
terminated some of its staff. The company said an undisclosed number of
employees were let go on Friday. The company, which was formed by the
December 2000 merger of Atom Films and Shockwave, would not comment on
whether employees received severance packages. AtomShockwave said the cuts
were part of an effort to help the company reach profitability sooner but did
not say when profits were expected. The company, which raised $22.9 million
in March, said it will now focus more on sydication, advertising,
sponsorship, and e-content, and less on content creation and development.
AtomShockwave's backers include Allen & Co., Arts Alliance, Chase Capital
Partners, Intel Capital, J.P. Morgan Entertainment Partners, Macromedia
Ventures, Sequoia Capital, Trans Cosmos USA, Warner Bros. Online, WaterView
Advisors, and individuals.
		http://www.atomfilms.com
		http://www.shockwave.com

		Sevin Rosen Teaming Up With N. Va. Firm
		mail? top

		 PALO ALTO, Calif. (VENTUREWIRE) -- To get a heads-up on new deals, early
stage venture firm Sevin Rosen Funds is setting up a formal relationship with
a venture firm in Northern Virginia. Steve Dow, a general partner at Sevin
Rosen, declined to name the firm but said the relationship is likely to
resemble one his firm recently established with Silicon Valley Seed
Investors, a fledgling New York City venture capital firm. According to Mr.
Dow, Sevin Rosen has been on the lookout for areas that "have the potential
to be more interesting over time." In the last year, Mr. Dow's firm, which
has offices in Dallas and Palo Alto, Calif., has opened two new satellite
offices in Austin, Texas and San Diego. The firm has one partner in the
Austin office, while another splits his time between Palo Alto and San Diego.
The deal with the Virginia firm will likely be the end of Sevin Rosen's
expansion. "I would be shocked if you see us opening anymore [offices]," said
Mr. Dow. He said the firm, which has ten partners, wants to make sure they
have the ability to bounce ideas off one another. "Unlike with law firms,
it's not always clear how you should scale an early stage venture capital
firm," he said. Founded in January, Silicon Valley Seed Investors, which
focuses on early stage high tech companies in the New York metro area, raised
$30 million from three venture firms: Canaan Partners, based in Rowayton,
Conn., Rho Management, based in New York, and Sevin Rosen. Each firm
contributed $10 million to the firm's first fund. As part of the deal, Sevin
Rosen Funds gets an early look at Silicon Valley Seed Investors deals. Should
all three of the investing firms want to take part in the same deal, Mr. Dow
said they would each receive equal shares of the company. While expanding its
early stage relationships, Mr. Dow said Sevin Rosen is also considering
making later stage investments outside its portfolio. He said lower
valuations have moved the firm to think about making some later stage deals,
though no are pending. The firm has made five investments this year, all of
which were either in existing portfolio companies or new early stage startups.
		http://www.srfunds.com

		Imaging Tech Firm NuCORE Raises $20 Million Series C
		 mail? top

		 SANTA CLARA, Calif. (VENTUREWIRE) -- NuCORE Technology, which develops
digital imaging chips for still and video cameras, said that it raised $20
million in its Series C financing from Sigma Partners, Horizon Ventures,
JAFCO, J.P. Morgan Partners, and Techfund. This round was co-led by new
investors Sigma Partners and JAFCO. NuCORE plans to dedicate the new funds to
staff expansion, as well as to technology and product development. As a
result of this financing, the company has granted seats to Lawrence G. Finch
of Sigma Partners and Jack Carsten of Horizon Ventures on its five-member
board of directors. Also sitting on the board are Chairman Gordon Cambpell of
Techfarm and Melissa Crane of VantagePoint. Although Joe Raffa, NuCORE's CEO,
declined to disclose the company's monthly burn rate, he said he expects the
new funds to carry the company for "at least twelve months, or until
profitability." The company, which maintains offices here and in Japan, has a
team of 60 full-time employees and is actively hiring engineers in the fields
of integrated circuit design, firmware, software, and marketing, as well as
at all levels of management. Headcount is expected to reach 90 by year's end.
In addition NuCORE is seeking strategic partners in the areas of image
sensors, compression, display technologies, and microprocessor technology. In
July 1998, NuCORE raised $3 million in Series A funding led by TechFund, with
J.P. Morgan Capital Partners and NTT Lease Ventures participating. In March
2000, the company closed an $8.7 million Series B led by VantagePoint
Ventures, with Horizon Ventures, J.P. Morgan Capital Partners, and TechFund.
		http://www.nucoretech.com

		 new money
		?
		Clearswift, Formerly Net-Tel, Raises $9.6 Million A Round
		 mail? top

		 HERTFORDSHIRE, England (VENTUREWIRE) -- Clearswift, a provider of e-mail and
content security services formerly known as Net-Tel, said it launched with a
Series A GBP 6.75 million ($9.6 million) from investors including U.S.-based
investment firm 4C Ventures, the British investor Amadeus Capital, and the
Italian venture capital fund Pino Ventures. Amadeus led the round, which
gives Clearswift a post-money valuation of $15 million, according to
Clearswift spokesman, Paul Rutherford. The company will use the funding to
support the restructuring of Net-Tel into Clearswift and the launch of
Clearswift's services in France, Germany, and the U.S. Richard Anton, a
director with Amadeus Capital, will take a seat on the company's board of
directors as a result of the funding. With the help of Amadeus, Clearswift
has assembled a new management team to head the development of its
international operations. Andy De Mari, the founder of the security services
firm ISOCOR that was acquired by Critical Path in 1999, will serve as the
company's chairman, while Don Taylor, former international vice president of
Tumbleweed Communications, will assume the post of chief executive. Two of
the four original founders of Net-Tel, Steven Nokes and John Horton, will
remain with the company in finance and business development, respectively.
Mr. Anton said that salaries represented the company's biggest expense and
that Clearswift expects to raise its Series B round next year. With products
already in the market, Clearswift had been generating revenues prior to the
Series A funding. The company's clients include English retailer Marks &
Spencer, Virgin Group, and departments within the British government.
Clearstream will be launching offices in Boston, Paris, and a German location
still to be determined. The company intends to roll out a new version of its
Mailguard product in July. According to Mr. Anton, Ivan O.Sullivan will head
the Boston office. There were no outside agents involved in the transaction.
		http://www.clearswift.com

		SPS Commerce Raises $10 Million in Round Four
		 mail? top

		 ST. PAUL, Minn. (VENTUREWIRE) -- SPS Commerce, a supply integration service
provider, said it has secured $10 million in fourth round financing. Adams
Street Partners, Axiom Venture Partners, CID Equity Partners, Damac Al Bureka
Investments, Granite Private Equity, and St. Paul Venture Capital
participated in this round. The financing came from existing investors and
was led by CID Equity Partners; post-money valuation decreased since the last
round. New money will be used for building the company's hosted Internet
service infrastructure, expanding strategic partnerships, product
development, and technology purchases. Chief strategy officer, Jim Frome,
said the company expects revenues of between $5 million and $10 million and
anticipates becoming cash-flow positive by early 2002. Next year the company
will begin to consider a public offering or being acquired. To date, SPS
Commerce has raised $43 million.
		http://www.spscommerce.com

		Transportation App. Firm Kizoom Gets $2.1 Million Round One
		 mail? top

		 LONDON (VENTUREWIRE) -- Kizoom, a developer of wireless applications for use
in  transportation systems, said that it raised $2.1 million in a first round
from Dawnay Day Lander. The company plans to dedicate the new funds to
product development. Post-money, the company is valued at approximately $5.6
million. CEO Damian Bown expects that the new funds will carry the company
through to profitability within the next three months. As a result of this
financing, Nick Lander of Dawnay Day Lander has been granted a seat on the
six-member Kizoom board of directors. Kizoom, which was founded in April
1999, derives revenues by licensing its platform to mobile portal operators
and transport companies. Prior to this round the company was backed by
individuals.
		http://www.kizoom.com

		Power Technology Firm Cheng Power Raises $3 Million
		 mail? top

		 ATLANTA (VENTUREWIRE) -- Mirant, a publicly traded energy company, said it
has invested $3 million in Cheng Power, which provides technology designed to
improve output, efficiency, and environmental performance of power generating
systems. The $3 million investment, which was part of a $9 million round of
funding led by previous investor Saw Mill Capital, is Mirant's first since it
launched its venture capital group in January. Cheng Power said it intends to
use the funding to develop and commercialize its products. As part of the
agreement, Bill Harper will join Cheng Power's board of directors. In April,
Cheng raised $3.5 million from Saw Mill Capital in a Series A round.
		http://www.chengpower.com
		http://www.mirant.com

		Records Management Software Firm iWitness Has $11M Round Two
		 mail? top

		 BOULDER, Colo. (VENTUREWIRE) -- iWitness, which provides digital business
records management software, said it has raised $11 million in a second
round. Sequel Venture Partners led the round, with participation from 75 Wall
Street Technology Partners, Geneva Venture Partners, Telesoft Partners, and
World Ventures. As a result of the round, Tim Conner and Victoria Katsov of
new investor 75 Wall Street join CEO Mike Donaldson, Telesoft CEO Arjun
Gupta, and founder and CTO, Frank Lambert, on the board.  iWitness also
expects to add two outside directors from the enterprise software industry.
With this second round of funding, iWitness now has a total of $15 million in
investments. In December 1999 the company closed a first round led by
Telesoft, with participation from Geneva and World Ventures. The company
expects funds from this round will last into 2002, and will be used for
research, development, and marketing and sales, as well as for adding to the
executive team. iWitness will focus on e-mail, instant messaging, and Web
transactions records management. CEO Mike Donaldson said the company expects
to break even in the middle of next year. The company employs 40 and expects
to add 10 to 15 more positions, most in sales and marketing, by the end of
the year.
		http://www.iwitness.com

		Micro-Electro Mechanical System Firm PHS MEMS Raises $26.3 M
		 mail? top

		 PARIS (VENTUREWIRE) -- PHS MEMS, a French micro-electro mechanical systems
designer, raised EUR 31 million ($26.3 million) in its third round of funding
from an investment group including AXA Private Equity, IDI Group, Thales CSF
Ventures, Finov, and Innovafrance. The company said it will use the funding
to expand its operations in the U.S. and Europe, and to support the
development of new products through increased staffing in the research and
development areas. Vincent Gombaut, from new investor AXA Group Private
Equity, will join Maurice Khawam, managing director for ETF Group France, on
the company's board of directors. The investment gives ETF Group a 17% stake
in the company, and the total investment group over 50% of PHS MEMS. The
company is managed by Alberto Martorell, president and CEO, who previously
served with ETF Group Investments and worked in Sun Microsystems'
microelectronic division. There was no placement agent for the funding.
		http://www.phsmems.com

		Johnson & Johnson Backs Nanoparticles, Polymer Firm Alnis
		mail? top

		 EMERYVILLE, Calif. (VENTUREWIRE) -- Alnis Biosciences, which is developing
nanoparticles and polymer materials for biotechnology applications, said it
has secured an undisclosed amount of funding from Johnson & Johnson
Development Corp. The company said it will use the funding to continue to
develop its technology, which focuses on oncology and infectious diseases.
Prior to this investment Alnis was primarily funded by a three-year grant
from the Defense Advanced Research Project Agency (DARPA). Alnis said it had
also received funding from Dow Chemical and Global Venture Capital. The
company was founded in 1997 by David Soane, who is also founder of Nano-Tex
and Aclara Biosciences.
		http://www.alnis.com

		Wireless LAN Firm Service Factory Closes Second Round
		mail? top

		 STOCKHOLM, Sweden (VENTUREWIRE) -- Service Factory, which provides Internet
access through services a wireless local area network (LAN), said it closed
its second round with an undisclosed amount of funding with BrainHeart
Capital. Service Factory said BrainHeart now holds a 10% equity stake in the
company. Magnus Melander, an investment manager at BrainHeart, will take the
sixth seat on Service Factory's board of directors. Service Factory said it
will use the funding to expand its services into Germany, France, Spain, and
Italy, and it further said it already has test sites in some of these
countries. The company also said it plans on entering the U.S. market. The
funding is expected to last until the end of the year. Service Factory was
founded in December 1999 and reached profitability at the end of 2000. The
company had $10.5 million in revenue last year, with $1.1 million as profit.
Outside investors hold a 40% equity stake in the firm. Service Factory also
said it plans on raising a new round later this year or early next year with
a U.S. venture capital firm. The company received $1.4 million in first-round
funding from Telia Business Innovation and Telia.
		http://www.servicefactory.se

		Biotech Firm Vasca Raises $19.6M in Series F Financing
		 mail? top

		 TEWKSBURY, Mass. (VENTUREWIRE) -- Vasca, a developer of an access device for
hemodialysis, said it has raised $19.6 million in a Series F round from Atlas
Venture, Bedrock Capital, Crossroads, MVM Limited, Pacific Ventures, Weiss
Peck and Greer, The Sprout Group, and Tailwind Capital Partners. The company
plans to dedicate the new funds to further research and development, as well
as for sales. MVM Limited, a new investor, led this financing. The Crossroads
Group and Tailwind Capital Partners are also new to the round. As a result of
this investment, Dr. Stephen Reeders, who is chief executive officer of MVM
and a nephrologist, has been granted a seat on the 11-member Vasca board of
directors. The board includes Philippe Chambon and Jeani Delagardelle of The
Sprout Group and Paul Brown of Bedrock Capital. While a company spokesperson
declined to reveal a post-money valuation on the round, the spokesperson
indicated that the recent funds should carry the company through to
profitability, which is anticipated by the fourth quarter of 2002. Including
this round, Vasca has raised approximately $62 million in venture capital to
date.
		http://www.vasca.com

		CML-ATC Technologies Picks Up $2M in Round Two
		 mail? top

		 HULL, Quebec (VENTUREWIRE) -- CML-ATC Technologies, which designed and
manufactured voice communications systems composed of hardware and embedded
software for aviation control systems, has closed CAD 3 million ($2 million)
in second-round funding from Innovatech of Montreal and The Solidarity Fund,
said CEO Franz Plangger. New investor Solidarity Fund contributed $1 million
in this round, while the balance came from existing investor Innovatech.
Quebec-based venture capital firm SDEO, which participated in the first
round, did not reinvest. Post-money, Mr. Plangger said the company has a
valuation of $10.4 million, an increase from $3.9 million. Edith Gaudet,
investment advisor at Solidarity Fund, joins the board of directors, which is
full at six seats. CML-ATC, which has a burn rate of $195,000 per month, will
use the new money for research and development, and marketing. The company
will add approximately 10 manufacturing employees to the current staff of 40.
The communications systems manufacturer is also expecting to add a vice
president of marketing and sales and a vice president of research and design
to its management team. Mr. Plangger said CML-ATC will likely raise another
round late this year or early next year. The company expects $6.5 million in
revenues this year. The company raised $780,000 in a first round from
Innovatech and SDEO.
		http://www.cmlatc.com

		German Venture Firm bmp Increases Stake in indecom By 25%
		 mail? top

		 BERLIN (VENTUREWIRE) -- bmp, a venture capital firm focusing on e-business
and life sciences investments, said it increased its equity stake in the
application service provider, independent computing (indecom), from 20% to
45%. bmp did not provide financial details of the investment, but did say
that no other institutions participated in the round. bmp said the financing
would be used for indecom's expansion plans.
		http://www.bmp.com
		http://www.indecom.de

		IBT Technologies Raises $4.8M Series C, Appoints President
		 mail? top

		 AUSTIN, Texas (VENTUREWIRE) -- IBT Technologies, an application service
provider focused on the corporate training market, said that it received $4.8
million in Series C financing from Counsel Corp. and Techxas Ventures. The
company plans to use the new funding for product development and sales. This
round was co-led by Counsel Corp. and Techxas Ventures, both return
investors. Although a company spokesperson would not cite a burn rate, she
said the funds should take the company to profitability within twelve months.
In addition, IBT announced the appointment of Cynthia Sheridan as president
of the company. Prior to joining IBT, she served as president and CEO of
WebIQ, a provider of collaborative decision-support tools. The company's CEO
and chairman, William H. Cunningham, who is the former chancellor of the
University of Texas System, has headed the company since December 2000. In
March 2000, IBT Technologies raised $6.4 million in its Series B financing
led by Counsel, with participation from Q Investments, Techxas Ventures,
Thomas Weisel Partners, and unnamed individuals.
		http://www.ibt-technologies.com

		Cadant Announces Funding, New CEO, and 15% Layoffs
		 mail? top

		 LISLE, Ill. (VENTUREWIRE) -- Cadant, a provider of high-speed cable
networking products, said it has closed a new round of funding from World
Associates and other investors. The amount was not disclosed. Charlie Walker,
founder of Access Technology Partners, joins the company as CEO. The company
also said it reduced its staff by 15%. New investor World Associates joined
Cadant's existing investors in this round, which will be used for product
development and launch in the fall. Staff reductions were made in marketing,
sales, operations, and finance. The company said its engineering team has
remained intact. Prior to this round Cadant raised $23 million in funding.
Investors included Access Technology Partners, Chase Capital, and Venrock
Associates.
		http://www.cadant.com

		 bad news
		?
		B2B Commerce Platform for Media Ads, eMadison.com, Closes
		 mail? top

		 FREMONT, Calif. (VENTUREWIRE) -- eMadison, a business-to-business electronic
commerce company that provides a platform for the buying and selling of
traditional media advertising, has shut down. A source close to the company
confirmed that eMadison ceased all operations about two weeks ago and laid
off its entire staff. The source said the company is currently looking to
sell its assets. eMadison, which had been in operation for barely a year,
launched in June 2000 with $12.9 million in funding from Sequoia Capital and
Sandler Capital.
		http://www.emadison.com

		 new deals
		?
		Venture Frogs Sells drugs.com Domain Name
		mail? top

		 SAN FRANCISCO (VENTUREWIRE) -- Venture Frogs, a technology incubator and
venture firm, said it sold the domain name of drugs.com, an online health
portal, to an unidentified buyer in an all-cash deal of undisclosed value.
Venture Frogs said the rest of drugs.com, an incubated portfolio company,
would cease to exist by the end of the year. Venture Frogs also said it was
concentrating its efforts in its other portfolio company Zappos.com, an
e-retailer of shoes.To date, Zappos.com has raised $3.5 million in three
rounds from Venture Frogs and individuals.
		http://www.drugs.com
		http://www.vfrogs.com

		 new products
		?
		Professional Services Automation Firm PrimeActive Launches
		 mail? top

		 COLUMBUS, Ohio (VENTUREWIRE) -- PrimeActive Technologies, which offers
browser-based professional services automation (PSA) tools for mid-market
professional services organizations, said it has launched. The company's
technology is provided as either licensed software for an organization's
intranet, or as a hosted application. The company was founded by CEO Brian
Delphia, the president of Delphia Consulting, and Benjamin Drake, its
president, who was formerly with the consulting division of Arthur Andersen.
PrimeActive lists among its clients Delphia Consulting, R.Dorsey&Co., and the
professional services division of Best Software of Reston, Va. PrimeActive is
privately funded by individual investors and hopes to close its first round
of funding between $1.8 million and $3 million within six months.
		http://www.primeactivepsa.com

		With Cenetec Funds, Brokerage Renamed Innovation Capital
		mail? top

		 BOCA RATON, Fla. (VENTUREWIRE) -- Cenetec, a technology accelerator,
announced the formation of brokerage firm Innovation Capital, to be
headquartered at Cenetec's headquarters in Boca Raton, Fla. Innovation
Capital was formerly known as the brokerage CB Capital and was located in
West Palm Beach, Fla. The company changed its name in April to reflect
Centec's investment in the firm and the company's technology focus.
Innovation Capital will provide placement services to private companies
seeking to raise $1 million to $10 million. Innovation Capital said it is
currently raising funding for four companies in Florida. The firm also said
it is currently focusing on providing its services in the southeastern U.S.
Michael Yasi, formerly of CB Capital, is the president of Innovation Capital
and Rob Picard is the other principal. Cenetec, which owns one-third of
Innovation Capital, has raised $11 million for equity investments in
startups.
		http://www.innovation-capital.com

		Enterprise Software Firm Bodha Launches First Product
		 mail? top

		 MOUNTAIN VIEW, Calif. (VENTUREWIRE) -- Bodha, an enterprise software and
services company, announced its first product, Bodha Rapid IntEgration
Framework, an integration system that enables companies to connect with the
Web interfaces of their partners. The company is raising $10 million in its
first institutional round, which it expects to close by fall. Funds from that
round will be used for product development and business development. CEO
Vishal Sikka founded Bodha in 1999. Prior to Bodha, Mr. Sikka had founded
iBrain, an integration software company servicing the pharmaceutical industry
that was eventually acquired by PlanetRx. He had also held positions at Xerox
Research Labs. Bodha employs 18 and has raised $1 million from individual
investors.
		http://www.bodha.com

		 m&a
		?
		Barclays Private Equity Backs MBO of Recruitment Solutions
		 mail? top

		 LONDON (VENTUREWIRE) -- Barclays Private Equity has invested GBP 9 million
($12.8 million) as part of a $25.6 million funding package to back the
management buyout of Recruitment Solutions Group (RSG). RSG operates Medics
and Social Work Solutions, subsidiaries that provide temporary professional
staffing to public- and private-sector clients. The management team is led by
managing director, Jeff Downey; finance director, Mac Robertson; and
marketing director, Mike Adams. Mark Aldridge, formerly a director of Hayes
plc, joins the team as a non-executive chairman. The company is considering
growth through acquisition, Mr. Downey said in a statement. Barclays Private
Equity holds a substantial majority stake. Barclays Acquisition Finance
provided senior debt and working capital. DHD Corporate Finance advised the
purchase side of the transaction, while Capital Strategies Corporate Finance
advised the vendor.
		http://www.recruitmentsolutions.co.uk

		 new people
		?
		Optical Access Firm Native Networks Appoints CEO
		 mail? top

		 LONDON (VENTUREWIRE) -- Native Networks, a developer of technology for
optical access networks, said that it has appointed Stephen Harbour, formerly
marketing director for Cisco Photonics, as its chief executive officer. Mr.
Harbour replaces co-founder and former CEO Gilad Goren, who will continue
with Native Networks as president. Prior to joining Native Networks, Mr.
Harbour was marketing director for Cisco Photonics, a division of Cisco that
was formed after the acquisition of Pirelli's WDM systems business in
February 2000. In September 2000, Native Networks completed a private
placement of $18.2 million from investors including Anschutz Investment,
Jerusalem Venture Partners, and Soros Private Equity Partners.
		http://www.nativenetworks.com

		Media Tech Firm EnterTec Group Names Dror Chevion President
		 mail? top

		 HERZELIYA, Israel (VENTUREWIRE) -- EnterTec Group, a provider of
entertainment and media technologies, said it has named Dror Chevion as the
company's president. Mr. Chevion is the first person to hold this position.
Prior to his appointment the company was headed by founding chairman and CEO,
David Chissick. Most recently Mr. Chevion served as vice president of
business development at Ness Technologies. In addition he has served as
director of government information technology and budget director for the
Israeli government. To date, EnterTec has raised $1.5 million in first-round
financing from Israeli Theaters and unnamed individuals. The company is
currently seeking $2 million in additional financing, which it hopes to raise
in the next few months.
		http://www.enterteclab.com

		Comprehensive Software Systems Names New President & CEO
		 mail? top

		 GOLDEN, Colo. (VENTUREWIRE) -- Comprehensive Software Systems, a developer
of financial services software, announced the appointment of Chris Poelma as
president and CEO. Prior to joining CSS, Mr. Poelma served as executive vice
president, chief technology officer and board director for ASP provider
USinternetworking, which he co-founded. Mr. Poelma replaces acting-president
William B. McClure, who will continue with the company as senior vice
president of client services. He also joins as the eleventh member of the
company's board, which includes David Glatstein and Don A. Buchholz of
Southwest Securities Group; Thomas A. James of Raymond James Financial;
Robert H. Beriault of Fiserv; Warren A. Stephens and Mark C. Doramus of
Stephens; Robert T. Clutterbuck and David J. Schafer of McDonald Investments;
James Ditmore of Ameritrade Holding; and Bob Gartland of Morgan Stanley. CSS
has backing from ADP Brokerage Services Group, Ameritrade Holding, Fiserv
Securities, McDonald Investments, Morgan Stanley Dean Witter, Raymond James
Financial, Southwest Securities Group, and Stephens.
		http://www.csssoftware.com

		 vc fund news
		?
		New Zealand Gov't. Launches $40.9M Early-Stage Fund
		mail? top

		 WELLINGTON, New Zealand (VENTUREWIRE) -- New Zealand's Ministry of Research,
Science & Technology  announced the launch of the New Zealand Venture
Investment Fund (VIF), a NZD 100 million ($40.9 million) fund. It will invest
in funds that back seed and early-stage technology companies in New Zealand.
VIF said the initial fund will be split into ten funds over a two- to
three-year period. Each fund will range in size from $12.3 million to $20.4
million and VIF will invest up to one third of this amount. VIF said each
fund would invest in between 15 to 20 companies over a seven- to ten-year
period. VIF will invest in funds that will invest in New Zealand companies
and no more than 10% of a fund may be invested in any one company. VIF also
said it would give co-investors a chance to buy out VIF's investment after
the third year of the fund. VIF also said it expects to finalize the
selection of fund managers from the private sector by the end of the year.
		http://www.morst.govt.nz

		Silicon Valley Bank Forms New Seed Capital Practice
		 mail? top

		 SANTA CLARA, Calif. (VENTUREWIRE) -- Silicon Valley Bank, a wholly-owned
subsidiary of Silicon Valley Bancshares, announced it has established a seed
capital practice. The practice will provide funding to seed-stage companies
as well as a variety of services to both startups and early-stage investors.
John P. Flinn, who will serve as a director of the practice, said the group
will co-invest with other leading early-stage investment firms. It will also
invest directly in companies and in seed funds. Mr. Flinn said a typical
direct investment will range from $100,000 to $5 million, depending on the
nature of the deal. Mr. Flinn said the seed group, just like Silicon Valley
Bank's venture capital group, will use funds from the company's $100 million
fund, which closed last year. In addition, the group plans to create
networking opportunities between early-stage investors and startups, to
provide assistance with syndications as well as market intelligence and
research, and to offer credit facilities to angel investors and general
partners. Silicon Valley Bank vice chairman Harry W. Kellogg and professional
services division manager Steve Empey will oversee the practice.
		http://www.svbank.com

		 vw corrections
		?
		Accumedia
		 mail? top

		 NEW YORK (VENTUREWIRE) -- An item in last Tuesday's VentureWire about
Accumedia contained an incorrect description of the company's services.
According to CEO Ed Williams, Accumedia can cut a large media firm's cost of
running a Web site with 3 million page views a month from $1.75 million to
$625,000 over the course of three years, not annually.

		company index
		top

		Alnis Biosciences, AtomShockwave, bmp, Bodha, Cadant, Cheng Power Systems,
Clearswift, CML-ATC Technologies, drugs.com, eMadison, EnterTec Group, IBT
Technologies, Indecom, Innovation Capital, iWitness, Kizoom, Matrix Partners,
Ministry of Research, Science & Technology, Mirant, Native Networks, NuCore
Technology, PHS MEMS, PrimeActive Technologies, Recruitment Solutions Group,
Service Factory, Sevin Rosen Funds, shockwave.com, Silicon Valley Bank, SPS
Commerce, Vasca, Venture Frogs

		Time is money and time can be saved through
		effortless, streamlined Web-based enterprise
		services.

		As IBM preps to launch Web-based software
		allowing for smoother enterprise-application-
		integration, it will face competition from the
		likes of Hewlett-Packard, Microsoft, Oracle and Sun.
		Which will attract the greatest number of
		developers and customers in the Web-services
		arena?

		Hear what Steven Mills, Senior VP & Group
		Executive of IBM Software, has to say about
		IBM's latest at Enterprise Outlook, June 26 & 27.

		Register today:http://www.enterpriseoutlook.com/register.asp

		investor index
		top

		4C Ventures, Adams Street Partners, Amadeus Capital Partners, AXA Private
Equity, Axiom Venture Partners, bmp, BrainHeart Capital, CID Equity Partners,
Damac Al Baraka Investment Co., Dawnay Day Lander, Finov, Granite Ventures,
IDI Group, InnovaFrance, Innovatech Grand Montr,al, Johnson & Johnson
Development, Pino Ventures, Solidarity Fund QFL, St. Paul Venture Capital,
Thales CSF Ventures, World Associates

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		 Thoughts, suggestions, commentary
		 This newsletter was mailed to you at:  jdasovic@ENRON.COM

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		legal

		This copy of VentureWire and the information within it may not be reproduced,
saved, or otherwise copied into a database without the prior written consent
of Technologic Partners.

		VentureWire is a service mark of Technologic Partners
		,2001 Technologic Partners
			?


Dear Jeff,

Been a while.  Hope you are yours are doing OK after the tragedies in NY and
DC.  Unfortunately, I lost a friend who was working at WTC.  Been a bit hard
to get back to the normal aspects of life.

Will update you on some of the more relatively mundane but exciting
developments on my end soon. Currently just starting discussions for a
potential CEO role at an enterprise software company.

Hope things go well for you.

Regards,
Narry Singh


you sure? did you scroll down?

-----Original Message-----
From: Pimenov, Vladi
Sent: Thursday, October 25, 2001 1:22 PM
To: Chavez, Alejandra
Subject: RE: Terrorist Training 001

Alejandra, there is no attachment

-----Original Message-----
From: Chavez, Alejandra
Sent: Thursday, October 25, 2001 1:21 PM
To: Keavey, Peter F.; Mckay, Brad; Pimenov, Vladi
Subject: FW: Terrorist Training 001

this one is funny. hope you haven't seen it.


so please let me know if you can't get them printed soon.

Thanks,

Kay


Trying again.

Best,
Jeff

 -----Original Message-----
From: 	Dasovich, Jeff
Sent:	Tuesday, October 23, 2001 12:37 PM
To:	'vjw@cleanpower.org'
Subject:	Letter to Karl

Here it is.  It's somewhat quick, but I don' t know what your timeline is (hopefully quick).  Let me know what you think (hope you don't mind that I modified your title).

Any word from Loretta re: whether a letter from big customers would help in the fight against tantrums from Angelides?

Best,
Jeff


F.Y.I. Japanese Electricity is the newest item added to the Daily Position
Report.  A new deal was entered and is reflected on the 1/30/01 Final DPR.
It is listed in the Enron Europe sub-heading, under the Enron Wholesale
Services title.

Kenneth Thibodeaux


Dear Paul,
	I really apologize for missing out this opportunities as well due to
the time difference between Oman & Houston.
	 The attendance from OLNG side will be Mr. Hiro Sakaguchi, Yaqoob
Al-Zadjali & probably Mr. Harib Al-Kitani, with 	regards the exact
timing I'll let you know soon.

	Thanks a lot for DPC logo.

	Have a nice weekend.

	Kindest regards,
	Yaqoob Al-Zadajali,NGM/22

-----Original Message-----
From: Y'Barbo, Paul [mailto:Paul.Y'Barbo@ENRON.com]
Sent: Thursday, May 17, 2001 9:52 PM
To: yaqoobalzadjali@omanlng.co.om
Subject: Meeting in Houston

Yaqoob,

I have probably missed my opportunity to speak with you before your
weekend. We are very flexible on the dates for a June meeting. We are
very happy to have you visit our city of Houston. Could you propose
dates that are convenient for Oman LNG? Who will be attending from your
company?

I will speak to Clay regarding an agenda for the meeting.

Best Regards,

Paul

P.S. Have you tried reaching me on my mobile phone 713 825-8046? Feel
free to call me over my weekend.
***** This email may be confidential,  privileged and/or protected by
copyright.   If you are not the intended recipient,  you should not copy it,
retransmit it or disclose its contents but should return it to the sender
immediately and delete your copy from your system *****


The attached file contains the May '00 Baseload citygate and storage
injection/(withdrawal) requirements.   Please note the caveats in the Comments
worksheet.  We will address those promptly on Monday.    CES personnel note
that the attached file is archived on the network in P:\Energy
Ops\Enron\May_00\  so you don't need to save it elsewhere.

Have a nice weekend.

Doug Kinney
Ph:  703-561-6339
Fax:  703-561-7317

 - May00_FOM_Reqs.xls


We intend to assign the current ones.

 -----Original Message-----
From: 	Forster, David
Sent:	Wednesday, December 12, 2001 4:51 PM
To:	Kitchen, Louise
Subject:	Broker Client

Once we have a buyer, subject to their approval, I would like to offer Broker Client contracts to the existing Brokers, with the first x months free with no obligation to continue (but hopefully they will, and will pay us). I think this will help us to rebuild volumes.

Please let me know if you disagree.

Dave


UserName: CAMPB54792

You have an electronic trade confirmation in your Inbox.  To retrieve your
trade confirmation you may login to Datek Online and choose Document Delivery
from the Account Services menu, or you may click on the link below:

https://tumble2.datek.com/posta?x=1-5397219-5373984-AKQ201GG

You have received this message because you subscribed to electronic delivery
for your Datek Online account.  If you wish to stop receiving account
documents via electronic delivery, you may cancel your subscription by
logging into Datek Online and choosing "Settings" from the
Account Services menu.

For more information please call Customer Support at 1-888-U2-DATEK, or send
email to support@datek.com.

Thank you for trading with us.

Datek Online Brokerage Services
Member NASD / SIPC


----- Forwarded by Jeff Dasovich/NA/Enron on 02/16/2001 09:09 PM -----

	Jean Munoz <jmunoz@mcnallytemple.com>
	02/16/2001 03:53 PM

		 To: IEP <jmunoz@mcnallytemple.com>
		 cc:
		 Subject: Re-cap of Rep Caucus Briefing

The Republican Caucus briefing Thursday was well attended, and members were
appreciative of the fact that Jan and other members of IEP took the time to
brief them.  The feedback we've heard from Republican Leader Bill Campbell's
office and others is that the handouts IEP provided were great, and the
presentations very informative.  In fact, several members acknowledged that
they had never heard the message communicated in such a clear, concise way.

Just fyi, one issue that is on the radar screen of Republicans is the fact
that generators have not been paid -- yet they still continue to supply
electricity to California.

We have offered to brief the Democrat Caucus, but they have not expressed
interest thus far.  We will continue trying!

Below is a list of those who attended the meeting.

Thanks,
Jean

--
Jean Munoz
McNally Temple Associates, Inc.
916-447-8186
916-447-6326 (fx)

______________________________________
Honorable Sam Aanestad
and staff Brett Michelin

Honorable Bob Pacheco

Honorable Pat Bates
and staff Russell Lowry

Honorable Anthony Pescetti
and staff Steve McCarthy

Assembly Republican Leader Bill Campbell
and staff Barbara Brown

Honorable Mark Wyland
and staff Stefanie Curry

Honorable John Campbell
and staff Matt Back

Honorable Phil Wyman
and staff Gina Zari

Honorable Dave Cox

Honorable Dick Dickerson

Honorable Dave Kelley

Honorable Jay LaSuer

Honorable Lynne Leach

Honorable Bill Leonard

Staff Attending on Behalf of Absent Member
Steffanie Watkins d Roy Ashburn
Rock Zierman d Mike Briggs
Aaron Bone d Dave Cogdill
Nancy Leneis d Dennis Mountjoy
Jerilyn Stanley d Rod Pacheco
Dan Pellissier d Keith Richman
Sarah Sprouse d Tony Strickland

Policy Consultants:
David Nunenkamp
Phil Nails

Staff from Senator McClintock, Senator Brulte,
Senator McPherson, and Senator Johannessen also attended


I've always thought of you more as a turkey - never an eagle.  Whatever
floats your boat though.  Just remember you're anything and everything in the
confines of your own mind  : )

Thanks for the address - I bought your wine table from Gerald (who had
squatters right on it and could legally sell it to me - he's an attorney,
remember) .  The rest of your furniture belongs to Gerald - Texas Statue 013
from the year 1883 - "he that goes to the land of them Yankees forsakes all
possessions, belongings and all things Texan.  Carpetbaggers and Yankees have
no claim on any property in the Republic of Texas."

Sorry - wish I could help you out - but the law is the law.  Have fun at the
game.

Brian

	Bruce Rudy@ENRON
	Sent by: Bruce Rudy@ENRON
	10/12/00 05:35 PM

		 To: Brian Hendon/Enron Communications@Enron Communications, Gerald
Nemec/HOU/ECT@ECT, Janel Guerrero/Corp/Enron@Enron, Kristy Carnes/Enron
Communications@Enron Communications
		 cc:
		 Subject: New Address

Well, the eagle has landed.  I am now in Denver and getting my affairs
squared away.  It didn't really take that long.  Anyway, I thought I would
give ya'll my new coordinates, just in case you want to get in touch.

New Address (active 11/1):

828 17th Street #717
Denver, CO  80202

***This is the address where my furniture will reside***

Phone Numbers:

(H)  720-932-6579 (active 11/1)
(W)  303-575-6463
(M)  303-881-4294

Hope ya'll are doing well.

Bruce


Action Plan

Meeting 1 - Presentations from key individuals to provide information/insight
into the important issues facing the new Fire Chief.
 - where - Enron offices
 - commitment - full day?
  - 3/4 day - presentations - estimate a total of about 4-5 presenters - 1hr?
per presentation, including Q&A - (for example, presentation of key points
from TriData study and Dr. Persse, EMS Director, has agreed to provide a
presentation on EMS issues)
  - 1/4 day - committee members will jointly compile a list of key
attributes/qualifications seeking in potential candidates
 - distribution of resumes from interested/pursued candidates (estimate
approximately 20 resumes)

Meeting 2 - Screen resumes and jointly decrease candidate list to 10
 - where - Enron offices
 - commitment - 1/2 day?

Meeting 3 - Interview the 10 candidates and jointly decrease candidate list
to 3
 - where - Enron offices
 - commitment - full day - each interviewee will be presented to the 5
committee members for a formal interview - Please note, logistically we may
not be able to bring in all 10 candidates on the same day and may have to
meet on two separate days

Meeting 4 - Meet with Mayor Brown to present candidate list of 3
 - where - City Hall?

Please email comments/suggestions/questions as soon as possible.

Thanks,
Lisa


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Sue Mara
Enron Corp.
Tel: (415) 782-7802
Fax:(415) 782-7854
----- Forwarded by Susan J Mara/NA/Enron on 05/01/2001 05:27 PM -----

	"Chris Micheli" <cmicheli@carpentersnodgrass.com>
	04/30/2001 06:19 PM

		 To: "Susan McCabe" <smccabe@mccabeandcompany.net>, "Sue Mara"
<smara@enron.com>, "Steven Kelley" <steven@iepa.com>, "Steve Ponder"
<steve_ponder@fpl.com>, "Stephanie Newell"
<stephanie-newell@reliantenergy.com>, "Scott Sadler"
<sadlersa@earthlink.net>, "Scott Govenar" <sgovenar@govadv.com>, "Sandi
McCubbin" <smccubbi@enron.com>, "Ron Tom" <rtom@govadv.com>, "Roger Pelote"
<roger.pelote@williams.com>, "Robert Ross" <robbiz@cwo.com>, "Rina Venturini"
<rventurini@teamgsi.net>, "Richard Hyde" <rwhyde@duke-energy.com>, "Rachel
King" <rachel.king@elpaso.com>, "Phil Isenberg" <isenberg@hmot.com>, "Paula
Soos" <paula_soos@covantaenergy.com>, "Mike Monagan" <mrmonagan@aol.com>,
"Maureen O'Haren" <oharen@hmot.com>, "Marie Moretti"
<mmoretti@mccabeandcompany.net>, "Lynn Lednicky" <lale@dynegy.com>, "Kent
Palmerton" <kent.palmerton@williams.com>, "Katie Kaplan" <kaplan@iepa.com>,
"Kassandra Gough" <kgough@calpine.com>, "Julee Ball" <jmball@ns.net>, "John
Stout" <john_h_stout@reliantenergy.com>, "John Larrea"
<john.g.larrea@williams.com>, "Joe Ronan" <joer@calpine.com>, "Jeff Dasovich"
<jeff.dasovich@enron.com>, "Jean Munoz" <jmunoz@mcnallytemple.com>, "Jan
Smutny Jones" <smutny@iepa.com>, "Jack Pigott" <jackp@calpine.com>, "Hedy
Govenar" <hgovenar@govadv.com>, "Greg Blue" <gtbl@dynegy.com>, "Fred Pownall"
<fred_pownall@ka-pow.com>, "Delaney Hunter" <dhunter@s-k-w.com>, "Chuck Cole"
<ccole@advocation-inc.com>, "Bev Hansen" <bhansen@lhom.com>, "Anne Kelly"
<kelly@hnks.com>, "Andy Brown" <abb@eslawfirm.com>, "John Norwood"
<janorwood@norped.com>, "Pete Conaty" <pcaceo@pacbell.net>, "Matt Kilroy"
<matt.kilroy@pge-corp.com>, "Cary Rudman" <cjrudman@softcom.net>, "Carolyn
McIntyre" <cmcintyre@sempra.com>, "Barbara LeVake" <blevake@syix.com>, "Pat
Pape" <ppape@calpine.com>, "Mohammed Alrai" <mohammeda@calpine.com>, "Kent
Robertson" <kentr@calpine.com>, "Katherine Potter" <katherip@calpine.com>,
"Juan Rodriguez" <juanr@calpine.com>, "Eileen Koch" <eileenk@calpine.com>,
"Bill Highlander" <highlander@calpine.com>, "Aymee Ramos" <aymeer@calpine.com>
		 cc:
		 Subject: SB 1x hearing today

As you may know, SB 1x (Soto/Scott) passed the Senate Appropriations
Committee by an initial vote of 7-3 (the bare minimum).
Senator Soto said that the Legislature must make a "bold proposition" with
this bill.  She said that this experience is "like no consumer has been
gouged before."  The Legislature must cap rates.  This bill guarantees a
generous profit to generators.
Senator Scott said that these generator profits have been gained off of
consumers.  According to FERC, over $500 million in excess profits have been
reaped.  Californians have been "royally mistreated" by generators.  This
"money has left the state (to Texas and other places)."  This bill is the
only solution.  The PUC can change the $80 rate.  Based upon the January
Field Poll, Californians support this concept.  We have to "stand up to the
generators and say no more."
Supporters were:  TURN and CTRA (Lenny Goldberg).  Lenny said that the FERC
will not give any relief to CA ratepayers, so the Legislature has to.  This
bill needs to be combined with the power authority by Senator Burton to hold
prices down.
Other supporters of the bill included:  Congress of CA Seniors; CalPIRG; CA
Consumer Federation; CA Labor Federation; SEIU; Public Power Now.  SEIU
(public employee union) said that this bill is "the only way to put caps on
rates."
Opponents were CMTA ("this is the wrong medicine for solving the problem");
WSPA (does nothing to resolve the shortage of energy; we should be doing
bills to stimulate greater investment in supply); Intergen said that they are
looking at California market, but will not build with this bill out there.
CA Wind Energy Assn (QFs oppose this bill because the rate is too low); and
IEP (most productive answer to our problem is the build power plants).
Senator Battin said that the price cap is lower than some of the Governor's
long-term contracts at $86 per hour.  Senator Scott said that the munis are,
indeed, covered by the bill.  He also said that the PUC can change the rates
contained in this bill.  Scott also said that the PUC can exempt renewables
under the bill.
Senator Bowen stated that the $80 figure should be removed from the bill
("this price may be inappropriate").  She suggested using the "FERC proxy
price."  She suggested that they look at an exemption for contracts with the
state.  She saw no reason to exempt the renewables because they would make a
bundle with an $80 cap.
Senator Poochigian said he was concerned about the majority vote issue
(because this bill is allegedly revenue neutral).  Scott said all of the
money raised by the bill will go to ratepayers.  He said that Legislative
Counsel gave him an opinion (I don't know if it is written or verbal) that
this scheme was permitted.  Poochigian said it was ironic that the PUC was
being given the authority to set rates under this bill.
Senator Scott stated that they would take as an author's amendment to exclude
all long-term contracts from the provisions of this bill.
Next stop for the bill is the Senate Floor.

Chris Micheli, Esq.
Carpenter Snodgrass & Associates
1201 K Street, Suite 710
Sacramento, CA  95814
(916) 447-2251
FAX: (916) 445-5624
EMAIL: cmicheli@carpentersnodgrass.com


We will have to do it early on Wednesday as it is the 2nd last episode of
90210 that night.

Chris


Please disregard previous notice 01-155. The correct expiration day for the
June 2001 Crude Oil options contract is Thursday, May 17, 2001. Notice 01-155
follows. We apologize for any inconvenience.

Notice No. 01-155
May 11, 2001

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

FROM:
George Henderson, Vice President

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

The expiration date for the June 2001 options contract for Crude Oil (LOM1)
is Thursday, May 17, 2001.

GENERAL OPERATIONAL PROCEDURES

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

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

CLEARING DEPARTMENT OPERATIONAL PROCEDURES

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

NYMEX EXPIRATION DAY PROCESSING OVERVIEW OF MEMBER REQUIREMENTS

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

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

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

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

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

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

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

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

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

"http://208.206.41.61/email/email_log.cfm?useremail=sara.shackleton@enron.com&
refdoc=(01-155)"

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


Candidly, Mark wanted to leave it open as to whom it would report.  He wanted
to have control in it's growth and staffing, although it would be coordinated
with Thor.  Mark (and I) talked to Thor about this a while ago, and will
begin weekly video calls in the new year about strategy, updates, new
products, and growing this business continentally.  (Mark was still concerned
about the members of the Oslo weather group that Thor managed poorly--in
Mark's mind).  I'm sure we will get to a point that works best
organizationally with Thor having a role.  However, when you look at the P&L
of the business, is doesn't illustrate his support of the business, which we
are addressing.

Hope this helps, and you are relaxing a little....

Jeff

Mike McConnell
12/19/2000 10:07 AM
To: Jeffrey A Shankman/HOU/ECT@ECT
cc:
Subject: Organizational Announcement - revised comments

Jeff,
Below is an email from John.  Please let me know how to respond.  I know you
guys talked about this.  Thor was in the loop here wasn't he?  I know we took
out the Thor reporting piece but in reality they do report up through him.
How many people do we expect in London?  John and I did talk about this and I
didn't really think of it lately.

Mike
---------------------- Forwarded by Mike McConnell/HOU/ECT on 12/19/2000
09:59 AM ---------------------------

John Sherriff
12/19/2000 01:29 AM
To: Mike McConnell/HOU/ECT@ECT
cc:
Subject: Organizational Announcement - revised comments

After re-reading your note - I see that it is not a trading desk in London
but a marketing desk
- but it is still unclear to me how this fits into the Oslo desk.  Also
shouldn't we be talking about this or your
guys talking to Thor who is running the European Weather business?

John

---------------------- Forwarded by John Sherriff/LON/ECT on 19/12/2000 07:31
---------------------------

John Sherriff
19/12/2000 06:25
To: Mike McConnell/HOU/ECT@ECT
cc:

Subject: Organizational Announcement

I thought we had specifically agreed that we were not adding a market making
function in London!  If you
have got traders to spare I can use about six of them.

John
---------------------- Forwarded by John Sherriff/LON/ECT on 19/12/2000 06:28
---------------------------
   Enron Global Markets LLC - Office of the Chairman

From: Enron Global Markets LLC - Office of the Chairman@ENRON on 18/12/2000
21:21 CST
Sent by: Enron Announcements@ENRON
To: Enron Wholesale Services
cc:
Subject: Organizational Announcement

Enron Global Markets (EGM) has made numerous organizational changes as its
businesses continue to grow and expand around the world.  We are pleased to
announce the following changes within EGM.

Financial Trading
The Convertible Arbitrage desk has moved from EnronCredit.com to the
Financial Trading group under Gary Hickerson.  Mike Bradley will manage the
desk.

Billy Lemmons has joined Gary Hickerson's group from EIM.  He is exploring
the agriculture value chain and origination opportunities.

Transportation and Shipping
Dan Reck will be transitioning out of the coal group and will be exploring
our rail and trucking initiatives.  These markets together represent
approximately $105 billion notionally, and we believe there are many
synergies between our energy, coal, and freight trading businesses.

Enron is currently trading dry-freight through EOL and is a leading market
maker in this new product. The shipping business is growing very quickly.  We
have asked Pierre Aury and Scott Montcrief to co-lead our worldwide vessel
trading businesses.  Scott will be responsible for all liquids vessel
businesses and Pierre will manage all dry vessel businesses.  The LNG vessel
business currently managed by Wayne Perry will remain in the LNG group, but
will also report to and coordinate with Pierre and Scott.

Weather
Our worldwide weather operations will continue to report to Mark Tawney in
Houston.  This business, which includes trading weather products in 10
countries and 40 states in the U.S., is also rapidly expanding.  Mark will
have all V@R allocation responsibility between Sydney, Tokyo, Oslo, and
Houston.  In addition we will be forming a weather-marketing desk in London.

Crude and Products
Bill White will be coming over from EBS and will have responsibility for all
U.S. financial crude trading.  Don Schroeder will continue to have oversight
and lead our physical crude business.  Mario De La Ossa has joined EGM from
Equiva and will manage our product options book.

Doug Leach will be expanding his fuel management and origination role.  He
will report directly to John Nowlan.

Finance and Structuring
Andrew Makk has joined the finance team from the Middle East group.  Most
recently he has been working on the Gaza project.

Jim Lewis has also joined this team. His last assignment was leading the
structuring group for CALME.

Both Andrew and Jim will report to Larry Lawyer.

Corporate Development
Mark Wadlington has joined the EGM team and will be managing this activity
and co-ordinating with all Enron Corp. He reports to Tim Detmering with
accountability to the office of the chairman of EGM.

Operations and Accounting
Todd Hall has expanded his role as Business Controller and will have
responsibility for coal and weather.

Mike Perun has joined Enron from the banking industry and is responsible for
Controls & Standards.  He will focus on EGM,s operational and accounting
processes on a global basis.  He reports to Brent Price.

The Ecoelectrica power plant in Puerto Rico will move reporting
responsibility into the Enron Global Assets group.  Greg Curran, who is
responsible for all the activities in Puerto Rico, will report to that group
on all Ecoelectrica business and to Enron Global Markets on the remaining
businesses.

Please join us in congratulating everyone in their new roles.


Colleagues:

URM positions as of June 2001 (more precisely as of end of May) are now
available at the following level of details:
The position (long, short, and net) in electric utility "x"
The position (long, short, and net) per customer in the electric utility "x".
The position (long, short, and net) per rate schedule/customer class in
electric utility "x".
Aggregates of the above per State, NERC Region, and Customer.

If you need any position for a specific utility in your service territory,
please contact Miyung Buster (713-853-4329) by email with cc to: Stella Chan,
Pat Keene, Harry Kingerski, and/or Amr Ibrahim and we shall attempt to
provide the data in the shortest possible time (currently aiming at within
the same business day).

Best regards

AI
713-853-3037


Louise:

Given my dealings with MHI in the past, I think this would be difficult to get at a reasonable level.  That being said, at some level they would agree, but I don't have a good idea of the level.  However, at this point, I don't think we should go in this direction.  I think we should continue to play out the options that we are pursuing and see if they are successful.  Give us a few weeks and then re-assess.

Brett

From:	Louise Kitchen/ENRON@enronXgate on 08/06/2001 01:40 PM CDT
To:	Christopher F Calger/ENRON@enronXgate, Brett R Wiggs/SA/Enron@Enron, Ben Jacoby/ENRON@enronXgate
cc:
Subject:	Thoughts post turbine meeting

Is there any possibility of negotiating a way out of the Mitsubishi contracts by paying them a fee.  I know we have no cancellation charge but can we just say we will pay them $10mm to cancel the contracts?  If we could do we want to do this?

How much money would we lose (how much of a write down would we take) if I told you I wanted to get rid of the turbines by the end of September?

As an aside, the Mitsubishis will be leaving the Enron Americas Balance Sheet now and moving to EGAS.  This does not and should not however change anything in terms of how we are moving forward.  For the company overall, we need to move these turbines (as with all the others) as soon as possible and we (in the Americas) are in a much better position than EGAS is to move them.  I have spoken to Jim on this issue who is obviously in agreement with the way forward.

Louise


I hope this is the final final.

Thanks for your help,

Walt


Hey Mom,

Enron just cut to junk status -- very bad for the company.  thought i would give a call but don't have your number
at work.  send it if you get a chance.

love,
coop

 -----Original Message-----
From: 	Richey Holly <Richey_Holly@prc.com>@ENRON [mailto:IMCEANOTES-Richey+20Holly+20+3CRichey+5FHolly+40prc+2Ecom+3E+40ENRON@ENRON.com]
Sent:	Friday, August 10, 2001 2:54 PM
To:	'Cooper Richey'
Subject:	FW: Pictures of Cameron--

FYI!

 - cam2year1.bmp << File: cam2year1.bmp >>
 - cam2year2.bmp << File: cam2year2.bmp >>


This is interesting news.  Thought you might want to know.
I sent him pressures on TW side for the month of may per his request.

ds
---------------------- Forwarded by Darrell Schoolcraft/ET&S/Enron on 05/28/2001 07:40 AM ---------------------------

dlsmith@pplweb.com on 05/25/2001 08:00:23 PM
To:	Darrell.Schoolcraft@enron.com
cc:	Amy.Mulligan@enron.com

Subject:	RE: Griffith pressures for May

Thank you so much for this.  Other pipelines that should remain nameless
continue to be the opposite of what TW has been so far, awesome.

Best regards

David Smith

-----Original Message-----
From: Darrell.Schoolcraft@enron.com
[mailto:Darrell.Schoolcraft@enron.com]
Sent: Friday, May 25, 2001 01:53 PM
To: Smith, David L.
Cc: Amy.Mulligan@enron.com
Subject: Griffith pressures for May

This is TW pressure at the inlet of the Griffith I/C.

(Embedded image moved to file: pic30674.pcx)


Mark:

I'm getting calls from different people with AA requesting copies of all "legally approved" confirmation templates.  I've had requests today from two different people with respect to power and rate/FX.  Do we have a formal process for  approving templates?  Where are the templates kept and how does legal know if they have been changed?   Have similar requests been made for other products?  There does not seem to be any sort of AA uniform deadline for submitting the templates.

I've asked AA to advise you so that we can all be consistent in our responses.

Thanks.  Sara

Sara Shackleton
Enron Wholesale Services
1400 Smith Street, EB3801a
Houston, TX  77002
Ph:  (713) 853-5620
Fax: (713) 646-3490


Vince,

Attached is a copy of my agenda for today's trip to Berkeley.  Also, my cell
phone number is 281-793-0567.

Thanks,
Ashley
---------------------- Forwarded by Ashley Baxter/Corp/Enron on 10/16/2000
08:49 AM ---------------------------

Diane Fitzgerald <diane.fitzgerald@travelpark.com> on 10/13/2000 05:36:50 PM
To: "'ashley baxter@7136463011'"
<IMCEAFAXSR-ashley+20baxter+407136463011@travelpark.com>
cc: "'ashley.baxter@enron.com'" <ashley.baxter@enron.com>

Subject: Baxter 16Oct. Please review the following ticketed itinerary

                                          BAXTER/ASHLEY
                                          EB3614
                                          ETKT RECEIPT
  ENRON BROADBAND SERVICES

  DATE:  OCT 13 2000

SERVICE               DATE  FROM           TO             DEPART  ARRIVE

CONTINENTAL AIRLINES  16OCT HOUSTON TX     SAN F CA       1155A   158P
CO 1511    Y          MON   G.BUSH INTERCO SAN FRANCISCO
                            TERMINAL C     TERMINAL S
                            SNACK                         NON STOP
                            RESERVATION CONFIRMED         4:03 DURATION
                  AIRCRAFT: MCDONNELL DOUGLAS ALL MD-80 SERIES
                            SEAT 09D NO SMOKING CONFIRMED BAXTER/ASHLEY(I

CONTINENTAL AIRLINES  17OCT OAKLAND CA     HOUSTON TX     630A    1229P
CO 1720    Y          TUE   INTERNATIONAL  G.BUSH INTERCO
                            TERMINAL 1     TERMINAL C
                            SNACK                         NON STOP
                            RESERVATION CONFIRMED         3:59 DURATION
                  AIRCRAFT: BOEING 737-500
                            SEAT 07A NO SMOKING CONFIRMED BAXTER/ASHLEY(I
      AISLE SEAT UNAVAILABLE. REQ AGAIN AT CK IN. WINDOW CONFIRMED
              YOUR ETKT CONFIRMATION NUMBER IS: M X N C V T

MISCELLANEOUS         16DEC HOUSTON TX
                      SAT   ** THANK YOU FOR USING THE TAP **

RESERVATION NUMBER(S)  CO/MXNCVT

BAXTER/ASHLEY  S0C083ER1028

CO  FREQUENT FLYER COFC137772
ASHLEY BAXTER 713 853-3589
INTL TVLRS: CARRY SOS WALLET CARD W/ENRONASSISTANCE INFO
CALL SOS: IN U.S 800 523-6586/INTL 215 245-4707 (COLLECT)
*********************************************
THIS IS THE PASSENGER RECEIPT FOR YOUR ELECTRONIC TICKET.
PLEASE CHECK-IN WITH PHOTO IDENTIFICATION AND WITH
EITHER (1) THIS RECEIPT OR (2) YOUR CONFIRMATION NUMBER.
YOUR ETKT CONFIRMATION NUMBER IS: M X N C V T

Regards,
Diana Fitzgerald
(713)650-8080 ext.1152
(713)860-1152 - Direct Line
The Travel Agency in the Park


fyi--please keep me from getting disbarred.  Df
---------------------- Forwarded by Drew Fossum/ET&S/Enron on 06/29/2000
02:15 PM ---------------------------

IT@dcbar.org on 06/29/2000 12:54:42 PM
Please respond to IT@dcbar.org
To: IT@dcbar.org
cc:

Subject: Important Bar News concerning your Dues Invoice

This is an official Bar announcement for the purpose of disseminating
important Bar news.
-------------------------------------------------
Attention Bar Members:

The Annual Registration and Dues Statement for the 2000--2001 dues year were
recently mailed.

In accordance with the Rules and By-laws, the due and payable date is July
1, 2000.  The statements also reflect a "billing" date of May 7, 2000.

Due to a computer problem with our new software, the billing extract was
produced on May 7, 2000 but was unable to completely print until early June.

We apologize for any inconvenience this may have caused in our members
trying to comply with the due date.

Here are the important dates regarding dues payments for this year:.

July 1   -  due and payable

August 1  - reminder notice to all unpaid members

September 1 - Final notice mailed by certified mail to all unpaid members
with a $30.00 late charge added

October 31, 2000 - Automatic suspension occurs unless dues and late charges
are post-marked by this date

------------------------------------------------
If you want more information please email the Bar at
IT@dcbar.org

You can also link to the Bars Web site:
http://www.dcbar.org


Please review and give me your comments.  I have talked with Brant Reves and
he said he is not requiring any credit provisions to be in place up front of
this deal.  Note that the GTC gives us the option to request credit support
during the term of the deal.


Yes.  How's that for an answer.

I think you want to revise against this version, since this is the latest
version Lee has seen, then blackline against the 20th version.

THANKS!!!

Kay

"Thompson, Peter J." <pthompson@akllp.com> on 03/30/2001 09:55:23 AM
To: <Kay.Mann@enron.com>
cc:

Subject: RE: GE LM-6000 purchase contract for Las Vegas Cogeneration IIproject

No problem.  I left you a voice mail message.  This looks like the
agreement that I made these revisions to and sent to Carlos Sole (and
copied you on) on March 20.  That agreement deleted the agency
references, etc. and included Lee Johnson's changes to some of the
specific performasnce guarantees in Article 10.  It did not, however,
include turbine 28. Let me know if you want me to revise the atached
document or the one I sent to Carlos.

-----Original Message-----
From: Kay.Mann@enron.com [mailto:Kay.Mann@enron.com]
Sent: Friday, March 30, 2001 10:28 AM
To: Thompson, Peter J.
Cc: Stephen.Thome@enron.com; leff.johnson%ss.ps..ge.com@enron.com
Subject: GE LM-6000 purchase contract for Las Vegas Cogeneration
IIproject

Hi Pete,

I have a fire drill for you.  This contract needs to between Salmon
Energy
LLC and GE, with no agency reference.  In other words, a CA Development
form.  Any chance of getting this today?

The delivery dates on one of the turbines will be changing, as is the
payment schedule.  Also, the designation of one of the turbines will
change.  Salmon will be receiving units 19, 20, 23 and 28 (a new one).

Thanks,

Kay
---------------------- Forwarded by Kay Mann/Corp/Enron on 03/30/2001
09:10
AM ---------------------------

Dale Rasmussen@ECT
03/27/2001 01:19 PM

To:   lee.johnson@ss.ps.ge.com, Bill Williams/PDX/ECT@ECT, Kay
      Mann/Corp/Enron@Enron, scofer@llgm.com, tconstan@llgm.com
cc:   Jody Blackburn/PDX/ECT@ECT, Ed Clark/PDX/ECT@ECT

Subject:  GE LM-6000 purchase contract for Las Vegas Cogeneration II
      project

Bill Williams has confirmed that the attached version of the LVC-2
contract
is the final form.  I have added a footer stamp identifying it as "Rev 5
-
3/27/01".  Everything else is identical to the draft circulated March
12.

The second attachment is to be inserted as Exhibit H-2 in the contract.

Thanks.

(See attached file: Training LM6000.pdf)(See attached file: LV Cogen Gas
Turbine Purchase Agreement - Version 5.DOC)


I'm back.  I will review and comment on their responses.

	Mark Knippa
	11/27/2000 11:11 AM

		 To: Gerald Nemec
		 cc:
		 Subject: ECS/EES Master Contract

The Holiday is over bud.

Where are we with EES relative to this Master Agreement.  Let me know when we
can discuss.

thanks
mk

---------------------- Forwarded by Mark Knippa/HOU/ECT on 11/27/2000 11:10
AM ---------------------------

Bo Barnwell@EES
11/20/2000 09:13 AM
To: Mark Knippa/HOU/ECT@ECT
cc:
Subject: ECS/EES Master Contract

Mark,

Please forward to the person sitting in for Gerald.  Also, please let me know
who this person is.

As always, Thanks.    Bo
---------------------- Forwarded by Bo Barnwell/HOU/EES on 11/20/2000 09:08
AM ---------------------------

	Enron Energy Services

	From:  Mike D Smith                           11/17/2000 03:31 PM

To: Bo Barnwell/HOU/EES@EES, Greg Sharp/HOU/EES@EES, Greg
Cordell/HOU/EES@EES, Dave S Laipple/DUB/EES@EES
cc:
Subject: ECS

Here is the master, clean and red lined to the changes that ECS wanted.  I
have not worked on the TA yet.  MDS


Reservation status has changed to CONFIRMED. See attachment.

ASSIGNMENT_REF = 30773
SELLER_CODE = AZPS
SELLER_DUNS = 958982563
CUSTOMER_CODE = EPMI
CUSTOMER_DUNS = 848921276
AFFILIATE_FLAG = 0
PATH_NAME = W/AZPS/AZPS-AZPS/FOURCORNE345 - FOURCORNE230//
POINT_OF_RECEIPT = FOURCORNE345
POINT_OF_DELIVERY = FOURCORNE230
SOURCE = FOURCORNERS3
SINK = PNPK
CAPACITY = 25
CAPACITY_REQUESTED = 25
SERVICE_INCREMENT = HOURLY
TS_CLASS = FIRM
TS_TYPE = POINT_TO_POINT
TS_PERIOD = OFF_PEAK
TS_WINDOW = FIXED
TS_SUBCLASS = WHEEL
NERC_CURTAILMENT_PRIORITY = Nerc Priority 1
OTHER_CURTAILMENT_PRIORITY = Default
START_TIME = 06/09/2002
STOP_TIME = 06/09/2002
CEILING_PRICE = 3.13
OFFER_PRICE = 3.13
BID_PRICE = 3.13
PRICE_UNITS = $/mW
PRECONFIRMED = YES
ANC_SVC_LINK = N/A
ANC_SVC_REQ = N/A
POSTING_REF = 0
SALE_REF =
REQUEST_REF =
DEAL_REF =
NEGOTIATED_PRICE_FLAG =
STATUS = CONFIRMED
STATUS_NOTIFICATION = lisa.gang@enron.com
STATUS_COMMENTS =
TIME_QUEUED = 06/07/2002
RESPONSE_TIME_LIMIT =
TIME_OF_LAST_UPDATE = 06/07/2002
PRIMARY_PROVIDER_COMMENTS =
SELLER_COMMENTS =
CUSTOMER_COMMENTS = FOR INFO CALL (503)464-5070
SELLER_NAME = AZPS
SELLER_PHONE = 602.250.1128
SELLER_FAX = 602.250.1155
SELLER_EMAIL = oasisadm@apsc.com
CUSTOMER_NAME = Enron Power Marketing, Inc.
CUSTOMER_PHONE = (713)853-3801
CUSTOMER_FAX = (713)646-8272
CUSTOMER_EMAIL = bill.rust@enron.com
REASSIGNED_REF = 0
REASSIGNED_CAPACITY = 0
REASSIGNED_START_TIME =
REASSIGNED_STOP_TIME =


I'll discuss with Carlos.

ckm

	From:  Ann Elizabeth White @ ECT                           05/21/2001 05:07 PM

To: Carlos Sole
cc: Kay Mann/Corp/Enron@Enron

Subject: Midway Project - Generic Interconnect Agreement

I'm leaving on vacation after tomorrow for 2 1/2 weeks and there's no way I
can get to this before I leave.  Would you please handle this for me in the
interim?  If not, please talk to Kay about who could handle this for Greg in
my absence.  It may just need to go to outside counsel.

Thanks!
---------------------- Forwarded by Ann Elizabeth White/HOU/ECT on 05/21/2001
05:06 PM ---------------------------

	From:  Christi L Nicolay                           05/21/2001 04:21 PM

To: Ann Elizabeth White/HOU/ECT@ECT, Carlos Sole/NA/Enron@Enron
cc:
Subject: Midway Project - Generic Interconnect Agreement

I will review this, but one of you needs to also.  Thanks.
---------------------- Forwarded by Christi L Nicolay/HOU/ECT on 05/21/2001
04:20 PM ---------------------------

Greg Krause@ENRON
05/21/2001 04:00 PM
To: Christi L Nicolay/HOU/ECT@ECT
cc: Ben Jacoby/HOU/ECT@ECT

Subject: Midway Project - Generic Interconnect Agreement

Please see attached for your review and comments.


Following please find the Daily EnronOnline Executive Summary.

EnronOnline Executive Summary for 12/11/00
Transaction Summary
External Transactions Today	3,781
Average Daily External Transactions (30 day Trailing Avg)	4,357
Total Life to Date Transactions	515,690

EnronOnline Daily % of Entity's Total Transactions for 12/11/00	Trans	Percent
Enron North America	2,932	77%
Enron Europe Limited	171	35%
Global Products	195	36%
Enron Metals	483	15%

EnronOnline Percentage of Total Corporate Transactions
(30 day Trailing Avg)	55%

Gross Notional Value of EnronOnline Transactions	Total
Today	2,754,492,066
MTD	30,628,446,748
LTD	309,798,863,793
Average Daily Notional Value (30 Day Trailing Avg)	3,411,749,354

Notional Revenue from Physical Flows to Date	20,508,644,681

Counterparties, Users, and Products Offered
Counterparties having transacted to date	603
New Counterparties transacting for the first time today	1
Number of Products Offered Today	1,107
Total Number of External Users Logged on Today	3,328
Average # of External Users logged on (30 day Trailing Avg)	2,963