FYI

---------------------- Forwarded by Shirley Crenshaw/HOU/ECT on 03/10/2000
07:10 AM ---------------------------

Shirley Crenshaw
03/10/2000 07:06 AM
To: Lacima <Lacima@compuserve.com> @ ENRON
cc:
Subject: Re: Energy Derivative Courses

Hi Julie:

Here is the information you requested:

Name:  Vince Kaminski
Title:  Managing Director and Head of Research
Company: Enron Corp.
Address: 1400 Smith Street - EB1962
  Houston, TX 77002
Telephone: (713) 853-3848 (Vince) - (713) 853-5290 (Shirley)
Fax:  (713) 646-2503

If you need anything else, please let me know.

Thanks and have a great day!

Shirley
Administrative Coordinator
Enron Corp. Research

Lacima <Lacima@compuserve.com>@compuserve.com> on 03/09/2000 04:09:20 PM
To: enron <Shirley.Crenshaw@enron.com>
cc:
Subject: Energy Derivative Courses

Dear Shriley,

Thank you for registering Vince Kaminski for the energy courses to be held in
Houston,
29-31 March.

To complete the registration, could you please provide and confirm the
following details:

Name:  Vince Kaminski
Position:
Company:  Enron Corporate Research
Address:
phone: 713/853-5290
fax:

We will invoice you for the course fees, and upon payment, we will forward
the pre-course
reading material via email.

The course will be held at the Hyatt in downtown Houston.

Please contact me if you require additional information.

Sincerely,
Julie Brennan

Lacima Consultants

-------------Forwarded Message-----------------

From: "Shirley Crenshaw", INTERNET:Shirley.Crenshaw@enron.com
To: [unknown], chris_strickland

Date: 3/8/100  5:20 PM

RE: Energy Derivative Courses

Good afternoon Professor Strickland:

Please register Vince Kaminski for both the Energy Derivatives: Pricing
and Risk Management course and the V@R course, scheduled for
March 29, 30 and 31st.

Please forward method of payment preferred.

Thank you very much.

Shirley Crenshaw
Administrative Coordinator
Enron Corp. Research
713/853-5290

---------------------- Forwarded by Shirley Crenshaw/HOU/ECT on 03/08/2000
04:18
PM ---------------------------

Vince J Kaminski
03/08/2000 10:02 AM

To:   Shirley Crenshaw/HOU/ECT@ECT
cc:
Subject:  Energy Derivative Courses

Shirley,

Please, enroll me in this course.

Vince
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 03/08/2000
10:02
AM ---------------------------

Chris Strickland <chris_strickland@compuserve.com> on 03/07/2000 12:20:40 PM

To:   Vince J Kaminski/HOU/ECT@ECT, Grant Masson <grant_masson@ei.enron.com>
cc:
Subject:  Energy Derivative Courses

Dear Vince/Grant,

It was good to meet and talk with you both this morning - very interesting.
Here are the details of the course (actually there are two seperate
courses, one on VaR) that I promised you.

I hope to see you both again later in the month.

Best regards.
Chris.

COURSE 1:   Energy Derivatives: Pricing and Risk Management
---------------------------------------------------------------------------
-

Course Leaders: Dr Les Clewlow and Dr Chris Strickland

Houston: 29-30 March 2000
London:  3-4 April 2000

Fee : STG 1950 / USD 2950

This is an intermediate course aimed at the Energy professional who is
familiar with energy derivative products but who requires the mathematical
foundations of derivative pricing and an understanding of the pricing and
risk management of energy derivatives.

This course assumes that participants are familiar with standard basic
option pricing theory (the Black-Scholes formula, Monte Carlo simulation,
and the use of binomial trees for option pricing).

The format for the course will follow our usual highly practical and
successful style of alternate sessions of lectures and Excel based computer
workshops. To facilitate intensive interaction, the course will be limited
to a maximum of 15 participants so early booking is advisable.

The Excel based computer workshops deal with oil and gas as well as
electricity derivatives and contain detailed calculations for pricing and
risk management. At the end of the 2 days, participants leave with a
diskette containing answers to all the workshops as well as valuable code
for pricing and simulation.

Registration fee includes: pre-course reading, course materials, copies of
relevant research materials, diskette with fully worked solutions to
computer workshops, lunch and refreshments.  Additionally, each attendee
will receive a free copy of Clewlow and Strickland's forthcoming book
"Energy Derivatives: Pricing and Risk Management" which includes
valuable contributions from Enron's Vince Kaminski and Grant Masson.

Upon registration, participants will be sent a pack containing relevant
pre-course reading.

COURSE OUTLINE

Day 1, AM : Introduction to Energy Derivatives Modelling

     Energy derivatives - structures and applications
     Fundamentals of modeling and pricing
     Analysing energy data
     Spot price behaviour
     Building forward curves - assessing available models
     The relationship between the spot price and forward curve dynamics

Workshop : Analysing the properties of energy data - mean reversion,
volatility structures, jumps

Day 1, PM :Spot Price Models and Pricing by Simulation and Trees

     Review of spot price models
     The pros and cons of spot price models
     Pricing standard options, swaptions, caps, floors, and collars
     Simulation for spot price models
     Pricing exotic options (barriers, lookbacks, Asians, etc.)
     Building and using trees for energy derivatives
     Building trees consistent with the forward curve
     Pricing options in trees

Workshop: Using Simulation and trinomial trees to price energy
derivatives

Day 2, AM : Forward Curve Based Models

     Forward curve dynamics and forward curve models
     The relationship to spot price dynamics
     Multi-factor forward Curve Models
     Volatility function interpretation and estimation
     Pricing standard energy options
     Pricing energy swaptions
     Pricing energy exotics using simulation

Workshop : Using simulation to implement multi-factor models and price
energy options

Day 2, PM : Risk Management of Energy Derivatives

     Energy market risk and hedging
     Computing hedge sensitivities
     Determining the hedge instruments
     Hedging a energy derivatives book
     Value-at-Risk in energy markets - the pros and cons of the approaches
     Credit Risk in energy markets - issues and models

Workshop: Hedging an energy portfolio

Please feel free to e-mail us to register for this course and we will
contact you regarding payment.

-----------------------------------------------------
COURSE 2:  VaR for Energy Markets
-----------------------------------------------------

Course Leaders: Dr Les Clewlow and Dr Chris Strickland

Houston: 31 March 2000
London:  5 April 2000

Fee : STG 950 / USD 1950

This is an intermediate course aimed at the Energy professional who is
familiar with energy derivative products but who requires an understanding
of the theory and calculation of Value at Risk for energy derivative
portfolios.

The format for the course will follow our usual highly practical and
successful style of alternate sessions of lectures and Excel based computer
workshops. To facilitate intensive interaction the course will be limited
to a maximum of 15 participants so early booking is advisable.

The Excel based computer workshops deal with oil and gas as well as
electricity derivatives. At the end of the course participants leave with a
diskette containing answers to all the workshops as well as valuable code
for pricing and VaR calculations.

Registration fee includes: pre-course reading, course materials, copies of
relevant research materials, diskette with fully worked solutions to
computer workshops, lunch and refreshments.  Additionally, each attendee
will receive a free copy of Clewlow and Strickland's forthcoming book
"Energy Derivatives: Pricing and Risk Management".

Upon registration, participants will be sent a pack containing relevant
pre-course reading.

COURSE OUTLINE

Day 1, AM : Understanding the VaR methodologies and issues

     What is VaR?
     Uses of VaR
     Types of VaR methodologies
     Implications of applying the RiskMetrics assumptions in energy markets

     Delta VaR, historical simulation
     Linear and Non Linear Instruments

Workshop: Applying simple VaR methodologies in the energy market

Day 1, PM : Calculation of Energy portfolio VaR using simulation

     Modelling the energy forward curve - single and multi-factor
     Modelling the joint behaviour of different energies simultaneously
     Calculation of covariances and correlations
     Incorporating jumps
     Detailed example VaR calculation for an energy portfolio

Workshop: Simulating energy forward curves and calculation of VaR for an
energy portfolio.

Dr. Les Clewlow and Dr Chris Strickland hold Associate Research Positions
at both the School of Finance and Economics, University of Technology,
Sydney and the Financial Options Research Centre, University of Warwick,
UK.  Together they have over 20 years combined experience in the financial
and energy derivative markets and have published many articles in academic
and trade journals.  They are the authors of the book "Implementing
Derivatives Models" (Wiley, 1998) and editors of "Exotic Options: The State
of the Art" (ITP, 1998). Their forthcoming book, "Energy Derivatives:
Pricing and Risk Management," is due to be published during the second
quarter 2000.  Currently, their interests are concentrated in the energy
derivatives area, where they have developed a wide range of pricing tools
for electricity options and other energy derivatives.

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To: chris_strickland@compuserve.com
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---------------------- Forwarded by Kay Mann/Corp/Enron on 01/11/2001 10:39
AM ---------------------------

JANET SKOOG <jskoog_vitoltvl@yahoo.com> on 01/11/2001 10:20:48 AM
To: KAY.MANN@ENRON.COM
cc:

Subject: MANN - 17JAN NYC TRIP

                                                   SALES AGT: JS/ZBBLBA

                                          MANN/C KAY

  ENRON
  1400 SMITH
  HOUSTON TX 77002
  ATTN-KAY MANN X57566

  DATE:  JAN 11 2001

SERVICE               DATE  FROM           TO             DEPART
ARRIVE

CONTINENTAL AIRLINES  17JAN HOUSTON TX     NEWARK NJ      740A    1156A
CO 202     A          WED   G.BUSH INTERCO NEWARK INTL
                            TERMINAL C     TERMINAL C
                            BREAKFAST                     NON STOP
                            RESERVATION CONFIRMED         3:16 DURATION
                  AIRCRAFT: BOEING 757-200/300
                            SEAT 03E NO SMOKING CONFIRMED MANN/C KAY

HOTEL                 17JAN OMNI BERKSHIRE PLACE
                      18JAN 21 EAST 52ND STREET AND MADISON AVE
                            NEW YORK, NY 10022
                            UNITED STATES OF AMERICA
                            TELEPHONE: 1-212 7535800
                            FAX: 1-212 7545018
                            CONFIRMATION: 261740
                            SINGLE ROOM
                            RATE: COR USD 319.00 PER NIGHT
                            CONFIRMED SUPERIOR NON SMKG KING
        *24* HOUR ADVANCE XCL POLICY AT THE OMNI BERKSHIRE PLACE

CONTINENTAL AIRLINES  18JAN NEWARK NJ      HOUSTON TX     315P    610P
CO 217     A          THU   NEWARK INTL    G.BUSH INTERCO
                            TERMINAL C     TERMINAL C
                            SNACK                         NON STOP
                            RESERVATION CONFIRMED         3:55 DURATION
                  AIRCRAFT: BOEING 757-200/300
                            SEAT 03E NO SMOKING CONFIRMED MANN/C KAY

RESERVATION NUMBER(S)  CO/LVGVPT

CO  FREQUENT FLYER COHG770475
***********************************************
THIS IS A TICKETLESS RESERVATION. PLEASE HAVE A
PICTURE ID AVAILABLE AT THE AIRPORT. THANK YOU
***********************************************
                  THANK YOU FOR CALLING VITOL TRAVEL

=====
VITOL TRAVEL
1100 LOUISIANA STE-3230
HOUSTON TX 77002
713-759-1444 - PHONE
713-759-9006 - FAX

__________________________________________________
Do You Yahoo!?
Yahoo! Photos - Share your holiday photos online!
http://photos.yahoo.com/


Marty:
 Absolutely yes! We are now using option functions in the Exotic options
library (in R:\Exotica which everybody in Risk Management has access to)
instead of the old Visual Basic code in the powermod file. This improved the
calculation speed for options quite a bit.

 We are also embarking on a new project to develop the next generation
structuring and pricing models. I will discuss about this project in more
detail with you soon and get your input, but the main goals I see now are:

1. Superior performance (speed) to enable fast pricing especially for the
underwriting group,
2. Proper documentation for easy maintenance and ability to quickly adapt to
meet future needs, and
3. Security/access control to the files.

The first stage in this process is to take inventory of what we have: I am
documenting the current structuring models. This step is important not only
for developing our next generation models but also for the AA audit of all
the EES pricing models.

Krishna.

To: Maureen Craig/HOU/EES@EES, Pinnamaneni Krishnarao/HOU/ECT@ECT, Dennis
Benevides/HOU/EES@EES
cc:
Subject: New POWERMOD97.xls

any performance improvement to be expected?
---------------------- Forwarded by Marty Sunde/HOU/EES on 07/26/2000 10:14
AM ---------------------------

Pinnamaneni Krishnarao@ECT
07/24/2000 01:37 PM
To: Dennis Benevides/HOU/EES@EES, James W Lewis/HOU/EES@EES, Neil
Hong/HOU/EES@EES
cc: Marty Sunde/HOU/EES@EES, Alexios Kollaros/HOU/EES@EES
Subject: New POWERMOD97.xls

We have made enhancements to POWERMOD97.xls model to enable proper processing
from the batch model. These changes should not affect current functionality
of this file. We will be putting the new version into production later today.
Please contact me or Alex Kollaros (x39806) with your comments or problems.

Thanks,
Krishna
x35485.


Hi there,

Please get someone to hang my white board behind my door.

Thanks,

Kay


Due to the 1:30 floor meeting with Stan, our prep meeting for the Trans Pecos project is changed to today, Monday, January 7 at 11:00am in EB1336.

Thanks, Kim.


I've pulled together some general ideas on marketing within ENE and how it
would ideally be structured for GRM.

Marketing & Origination Model

For GRM, our success is entirely dependent on a developing a team of
dedicated marketers who specialize in delivering insurance risk management
solutions to clients. The business model is a risk aggregation play
(gathering first loss and co-share pieces of insurable risks we understand).
We risk impairing our ability to create a portfolio of risks that can be
managed, repackaged and placed in the capital or insurance markets at large
if we don't have direct influence over the deal flow being generated. To
accomplish this my ideal marketing/origination model working with other Enron
business units would be:

Client Originator: Centralized in a long term origination team in ENA, EGM,
EIM (as opposed to midmarket function) with industry specific expertise, e.g.
oil    & gas, power, coal, forest products, etc. The CO would be responsible
for maximizing client profitability for Enron in an investment banking
capacity, making sure we have an inside track to the client's strategic
initiatives/business opportunities and making sure we package complete
solutions using  all ENE product areas. The CO also needs a financial
incentive (see below) to take responsibility for making sure each individual
product area is servicing the client where possible, particularly when a
package solution is not viable, e.g like outsourcing. The CO should be
involved with all product marketing calls if possible, but would not act as
gate keeper, rather act more as a control valve creating a steady flow of
ideas, products and services to the client.

Product Marketer: Centralized in a product marketing team, with industry
knowledge and product specific expertise. While the PM will call on clients
for      independent origination of new business opportunities, ideally the
bulk of the opportunities should be marketing to clients identified by the CM
to have a need for GRM's products or services. The marketing is done in
partnership with the CO, but the driver of the transaction would be the PM.
Execution would be handle by the PM's business unit with a portion of
revenues devoted to the CO for their origination of the opportunity. However,
if a particular group or CO  does not play ball or does not generate any
business leads, the PM would still be free to originate business
independently.

Shared Resources Centralized in a group like Fundamentals, Research, Weather
Desk, etc. Especially useful in upstream where the deals require extensive
engineering work and technical support. We currently use Walt Hamilton,
Senior Reserve Engineer who works for Craig Fox in Enron Capital Resources,
not full-time but nearly full time. Once we have a few deals booked, an
engineer will also need to maintain the position by reviewing the reserves on
a regular basis. I would envision having Walt on our payroll, working for us
but remaining part of a resource pool that could be shared depending on deal
flow and priorities set by Craig.

Shared P&L  Tough to implement, but unless there is a real financial
incentive, CO's will naturally focus on deals they originate and the earnings
stay in their group.  I've worked with splits ranging from 80/20 if we do all
the work and it is a simple referral, to 50/50 if the transaction opportunity
is further developed by the time we get involved, typically as part of a
structured package solution.

This is best case, but in case you're wondering, I haven't lost my senses.
Enron is not currently the ideal company to take this approach and I don't
believe GRM is the ideal guinea pig to make the change. Some hybrid solution
is probably better for us, tailoring the effort based on the particular group
we work with. In the case of EGM business units, I think this is the way to
go since we can influence our own people. In the case of ENA or other Enron
companies, we need to be more selective, with the worst case being we go it
alone and duplicate efforts. This is the path we're on today with ECR's
upstream business, however it is not how we are proceeding with EIM where we
are trying to build bridges with forest products and steel, or ENA's power
desk, where we have the double trigger product for them to market.

Soap Box

A little background and my general view of marketing at Enron after nearly 3
years here. In my banking career I've worked both as a relationship manager,
marketing all the bank's product areas to a targeted client base, as well as
a product specialist working with a relationship manager to service that
client base and execute product specific business. Our competitors, whether
investment banks or commercial banks, seemed to have a similar setup,
although they varied in design from broad geographical marketing assignments
to industry specific assignments.  For me, this type of marketing and
origination setup was easy to leverage, meaning my product specialist teams
could hire the best and remain small and efficient.

Enron is the first company I've worked for that doesn't have a coordinated
origination and  marketing approach to clients. Instead, the culture here is
clearly based on free access to all clients, i.e. no gate keepers, no
ownership of the client and hence no one individual accountable for
maximizing the profitability of business closed with a client. Several
different product/trading areas can all call on the same client with little
or no coordination and have no game plan to maximize profitability. A clear
benefit of not having relationship managers is speed to market with new
products and new ideas combined with specialist knowledge about the product
or service being sold. (In fact, I believe this has been a direct contributor
to our ranking as the most innovative company in America.) A clear drawback
is duplication of effort and weak implementation of cross-selling.....given
lip-service by most marketing and origination teams I have worked with.
Nevertheless, given Enron's successful track record, it appears the benefits
outweigh the drawbacks and it is a system I've comfortably adjusted to.

Enough of the soap box. Just wanted to share my general Enron marketing
thoughts and a little of my bias.

I don't know if this was specific enough for you so let me know if you need
more detail. Consider this part of a dialogue.

New Name?

I'm also exploring alternative names for the group that identify our role
more readily.  What do you think of the name Insurance Risk Management Group
or Insurance Risk Management Solutions?   The latter ties into Enron's new
way of describing its business activities...Logistical Solutions. I met with
Dennis Vegas to discuss branding and general marketing of our activities and
he said Logistical Solutions will be in our annual report and a major theme
going forward.

Hope you had a nice holiday. Speak to you next week.

Per


Okay - I won't be able to get out of here before 5 p.m., so 6 p.m. might be
better. Also, I am car-free these days, and I completely forgot you wanted to
meet east of the river. Would it be too much trouble to meet in NE - that's
where I live, and there aren't any buses directly from SE to NE,
unfortunately. Let me know if this works for you. Sorry for the hassle!

Kate

John Enders <jenders@ap.org> on 04/25/2001 12:48:50 PM
To: Kate.Symes@enron.com
cc:

Subject: Re: a beer

Sure. I know busy.
I suggest the Lucky Labrador Brewing Co., on S.E. Hawthorne at 9th.
I can do 4 p.m., or 6 p.m. Whichever is best for you.
John

Kate.Symes@enron.com wrote:

> So sorry for not getting back to you sooner - it seems I've acquired two
> new jobs in addition to the full time schedule I already kept. But tonight
> still works for me - just let me know when and where.
>
> Kate
>
> John Enders <jenders@ap.org> on 04/25/2001 10:28:41 AM
>
> To:   Kate.Symes@enron.com
> cc:
>
> Subject:  Re: a beer
>
> Are we on, or off?
>
>   ------------------------------------------------------------------------
>                   Name: $RFC822.eml
>    $RFC822.eml    Type: Microsoft MHTML Document 5.0 (message/rfc822)
>               Encoding: base64


Thanks for the referral on this matter. We want to be the best and honor our
affirmative action and accessibility responsibility to all people, so we plan
to satisfy at least the Priority 1 points in the Web Content Accessibility
Guidelines put out by the World Wide Web Consortium. In addition, we will
continue to monitor and improve as we develop new tools. Thanks again
Have a good weekend!


Working great!

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

	Mary Cook
	03/01/2001 09:48 AM

		 To: Sara Shackleton/HOU/ECT@ECT
		 cc:
		 Subject: File Check Out Cards

We discussed the idea of each file having its own card.  It was the consensus
that this would be too much to track on a going forward basis due to all the
name changes, mergers and the like.  I suggest we delay this project and
assess how the new system works for awhile.  Then after we get caught up on
other of the projects, we can reassess this idea.  Let me know what you
think.  Mary

Cordially,
Mary Cook
Enron North America Corp.
1400 Smith, 38th Floor, Legal
Houston, Texas   77002-7361
(713) 345-7732 (phone)
(713) 646-3490 (fax)
mary.cook@enron.com


Attached for your information is a memo that we plan to send out to employees worldwide Monday afternoon or Tuesday morning discussing the Policy Committee's cost saving recommendations.  To the extent there are unique aspects of these policies as they apply to your business unit, please follow up with a further communication to your employees.  We will send you a list of frequently asked questions that deal with systems issues.

Thank you.

Karen


Stuart:
Here is their response to our Draft version.  Let me know what you think.
Thanks
Ben


Attached, in Word & WordPerfect, are revised closing checklists for the
above-referenced transactions.  Please call me if you have any questions
or comments.
 <<Hawaii_I_Checklist.doc>>  <<Hawaii_I_Checklist.wpd>>
<<Hawaii_II_Checklist.doc>>  <<Hawaii_II_Checklist.wpd>>
 - Hawaii_I_Checklist.doc
 - Hawaii_I_Checklist.wpd
 - Hawaii_II_Checklist.doc
 - Hawaii_II_Checklist.wpd


Start Date: 1/24/02; HourAhead hour: 17;  No ancillary schedules awarded.  No variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final Schedules\2002012417.txt


everyone wants to go.  we will get a huge group to go.


M O N D A Y   E X T R E M E   M A R K E T S
A complimentary service from INO.com ( http://www.ino.com/ )

Monday: The CRB Index has retreated 1.31 points to 214.62. The
US Dollar Index moved up 0.39 points to 115.32.

The Dow Industrials declined 21.80 points, at 10935.17, while
the S&P 500 slipped 3.10 points, last seen at 1263.51. The
Nasdaq Composite moved down 17.98 points to 2173.55.

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E X T R E M E   M A R K E T   C O M M E N T A R Y
_____________________________________________________________________

The STOCK INDEXES were lower on Monday in subdued trading as many
players remained on the sidelines ahead of this week's economic news.
Overall losses were limited due to gains in chip stocks. Both indexes
are at important crossroads as they are challenging April's highs.
Multiple closes above these resistance levels are needed to extend
this spring's rallies. At the same time, momentum indicators are
overbought warning bulls to use caution as short-term tops might be
in or near.

The Dow closed lower on Monday but near mid-range. Light support came
from drug and cyclical stocks. Gains in Caterpillar, Eastman Kodak
and IBM also provided support for the Dow. Momentum indicators remain
bullish signaling that a test of February's high crossing at
11,035.10 is still possible this month.

INTEREST RATES June bonds closed lower on Monday as they extended
last Friday's loss. Expectations are running at 80-90% that the Fed
will cut interest rates by another 50-basis-points at its May 15th
FOMC meeting following last week's larger-than-expected unemployment
report. Today's setback was no big surprise giving last Friday's poor
close. Nevertheless, last week's breakout above this spring's
downtrend line signals that a short-term bottom and trend change has
taken place. Momentum indicators remain bullish signaling that
sideways to higher prices near-term are possible. If June resumes
last week's rally the 50% retracement level crossing at 103-20 is a
potential target.

The CRB INDEX closed lower on Monday due to weakness in grains,
bellies and energies. Today's decline turned a number of momentum
indicators including stochastics bearish warning traders that last
week's high might have marked a double top with April's high. Closes
below 212.64 would open the door for a larger- degree decline during
May.

ENERGY MARKETS closed lower on Monday due to profit taking that was
triggered by comments made by President Bush who indicated his
concerns over high retail energy prices. Additional pressure came
from expectations that this week's API data will once again show
stocks rose last week. Retail gasoline prices are running at record
highs, eclipsing last June's levels amid a series of disruptions at
refineries that feed the gas-hungry U.S. market.

June crude oil closed lower on Monday and in doing so turned a number
of short-term momentum indicators neutral to bearish. Closes below
last week's low crossing at 27.37 would confirm that the short-term
trend has turned down. I would not be surprised to see a steady to
higher close on Tuesday due to light short covering. Resistance
begins at 29.40 then February's high crossing at 30.13.

June heating oil closed sharply lower on Monday but remains within
last week's trading range. Closes above 77.80 or below 73.10 are
needed to confirm a breakout of a two-week trading range and clear up
near-term direction in the market. Momentum indicators are neutral to
bearish hinting that sideways to lower prices near-term are possible.

June unleaded gas posted a key reversal down on Monday due to profit
taking after falling short of testing weekly resistance crossing at
109.60. Additional weakness on Tuesday is needed to confirm today's
bearish reversal pattern. However, it will take closes below
trendline support crossing near 103-25 before a top and trend change
can be confirmed. The weekly ADX (a trend-following indicator)
remains in a bullish trend mode signaling that we could see
additional gains this spring.

June Henry Hub natural gas plunged below key weekly support crossing
at 4.38 on Monday due to expectations that this week's AGA inventory
data will continue to show natural gas supplies building. Today's
plunge below key support crossing at 4.38 has opened the door for
additional weakness and a possible test of the 75% retracement level
of the 1999/2000 rally crossing at 3.625 later this spring. The
rising ADX signals that additional weakness during May is possible.

CURRENCIES The June Dollar closed higher on Monday and above April's
uptrend line crossing near 115.27. Additional gains on Tuesday would
increase the odds that last week's correction has come to an end.
Momentum indicators are neutral to bullish signaling that sideways to
higher prices near-term are possible.

The June Swiss Franc and D-mark closed lower on Monday as they
extended last week's narrow trading ranges. Closes above April's high
or low are needed to clear up near-term direction in both markets.
Momentum indicators remain bearish signaling that sideways to lower
prices near-term are possible.

The June Canadian Dollar closed sharply lower and below April's
uptrend line on Monday thereby confirming last Friday's key reversal
down and trendline breakout. With this spring's rally stalling out
near the 50% retracement level of this year's decline and Monday's
trendline breakout, the door is open for sideways to lower prices
during May. Momentum indicators have also turned bearish signaling
that additional weakness is possible. I would not be surprised to see
a lower opening on Tuesday but would not rule out a short covering
bounce.

The June Japanese Yen closed higher due to a late- session rally as
the market continues to challenge the upper boundary of this spring's
trading range crossing at .8327. Multiple closes above this
resistance level are needed to confirm a breakout and trend change.
Momentum indicators are bullish hinting that additional gains are
possible.

PRECIOUS METALS June gold closed steady on Monday as it remains above
April's uptrend line but below the long-term downtrend line crossing
near 269. Momentum indicators have become overbought warning traders
that June gold is at an important crossroads. Closes above or below
the aforementioned support/resistance levels are needed to clear up
near-term direction in the market.

July silver posted an inside day with a lower close as the market
fell short of testing the lower boundary of this spring's trading
range crossing at 4.31. Closes below 4.31 are needed to confirm a
trading range breakout and trend change. Momentum indicators are
bearish but nearing their respective overbought zones hinting that
this spring's trading range may remain intact for the time being.

July copper posted an inside day with a higher close due to light
short covering as it consolidated some of last Thursday and Friday's
losses. Closes below last Friday's low crossing at 78.00 would turn a
number of short-term momentum indicators bearish thereby increasing
the odds that a short-term top was posted last week.

GRAINS July corn posted a key reversal down on Monday as forecasts
for increased precip across the dry eastern Corn Belt and a quiet
export market weighed on prices. Trading is likely to remain subdued
ahead of Thursday's supply/demand report. This afternoon's planting
progress report showed that 58% of the U.S. corn crop is planted
compared with 74% a year ago and 52% for the five-year average. This
will likely add to the selling pressure on Tuesday, as planting delay
fears will have been reduced. July's inability to close above broken
support crossing at 2.11 underscores the weak tone surrounding the
corn market at this point in time.

July wheat closed sharply lower on Monday following widespread rains
that fell across portions of the Plains over the weekend. Today's
breakout below trendline support crossing near 2.71 fell short of
testing March's low of 2.65 1/2. Closes below this support level
would renew the long-term downtrend while setting the stage for a
possible test of weekly support crossing at 2.50 later this summer. I
would not be surprised to see a steady to higher close on Tuesday due
to short covering following today's late- session bounce. Today's
planting progress report showed that 35% of the spring wheat is
planted compared with the five-year average of 50%. The crop
conditions report for winter wheat showed that 26% is rated poor to
very poor, 33% is fair and 41% is rated good to excellent.

SOYBEAN COMPLEX July soybeans closed lower on Monday due to increased
chances for rain across the eastern Soybean Belt this week. July
soybeans continue to hold above broken trendline resistance as they
extended last week's trading range. However, upside potential appears
limited in the face of slowing export sales, burdensome carryout
levels and increased U.S. planted acreage this year. If the rally off
the late-April low resumes, this spring's high at 4.49 3/4 is July's
next target. Momentum indicators are bullish but nearing their
respective overbought zones hinting that a short-term top might be in
or near.

July soybean meal closed lower on Monday due to light profit taking
and spillover selling from soybeans and wheat. Today's mid-range
close leaves the door open for sideways to higher trading on Tuesday
as last week's rally opened the door for a possible test of March's
high crossing at 160.50 later this spring. Momentum indicators are
bullish but nearing their respective overbought zones warning bulls
to use caution.

LIVESTOCK June hogs posted a potential downside reversal on Monday
but held above the 2000-01 uptrend line crossing near 66.75. Multiple
closes below this support level would confirm a trendline breakout
while opening the door for a larger-degree decline this spring.
Weekly momentum indicators have turned bearish signaling that
additional weakness near-term is possible.

June cattle closed higher on Monday as it extended last Friday's
late-session short covering bounce. Signs of rising boxed-beef prices
triggered today's rally. However, gains were limited by expectations
for steady to $1.00 lower cash bids this week. Momentum indicators
are oversold and diverging following last week's test of January's
low. I would not be surprised to see additional short covering during
the first half of this week.

FOOD & FIBER July coffee resumed this spring's short covering rally
as traders continue to build in a modest weather premium as winter
approaches in Brazil. If this month's rally continues, March's high
at 71.70 is July's next target. Momentum indicators remain bullish
signaling that additional short-term gains are possible this week.

July cocoa closed modestly higher in narrow trading as it continues
to consolidate above this spring's lows crossing at 955. Closes above
1034 or below 955 are needed to clear up near-term direction in the
market.

July sugar closed lower on Monday due to profit taking hinting that
the market might have priced in all of the bullish export news from
Asia at this point in time. Momentum indicators are very overbought
and turning neutral to bearish hinting that a short-term top is in or
near. If the decline off last week's high continues, trendline
support crossing near 885 is July's next target. Closes below this
support level would confirm a short-term top has been posted. If the
rally continues, this year's high crossing at 941 is July's next
target.

July cotton closed slightly higher on Monday as it consolidates near
the bottom of this spring's trading range. Trading is likely to
remain subdued ahead of this week's supply/demand report. Favorable
moisture conditions across west Texas and the Delta along with
burdensome carryout levels continues to limit gains in both old and
new-crop cotton.

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T O P   N E W S
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STOCKS

Japan Stocks Review: Up 0.8%, little reaction to PM's speech
   http://news.ino.com/summary/?id=25255
US Equities Review: Lower in quiet, aimless trade
   http://news.ino.com/summary/?id=25254
UK Stocks Review: FTSE-100 bounces back despite US data hiccup
   http://news.ino.com/summary/?id=25261

FOREX

US FX Review: Dollar mixed; euro pressured by weak data
   http://news.ino.com/summary/?id=25257
Asia FX Review: Koizumi speech fails to set JPY direction
   http://news.ino.com/summary/?id=25262
Europe FX Review: Poor U.S. jobs data sends dollar reeling
   http://news.ino.com/summary/?id=25256

CREDIT

US Credit Review: Short end posts slim gains on rate cut hopes
   http://news.ino.com/summary/?id=25253
Europe Credit Review: US labor mkt weakness good news for bonds
   http://news.ino.com/summary/?id=25258
Japan Credit Review: Jun up but market lacks overall direction
   http://news.ino.com/summary/?id=25260

COMMODITIES

US Futures Summary: Energy takes a dive; coffee jumps
   http://news.ino.com/summary/?id=25259

EXCHANGES

CME Posts Record Open Interest On Second Busiest Day
   http://news.ino.com/press/?release=23558

____________________________________________________________________________

E X T R E M E   F U T U R E S
____________________________________________________________________________

Updated every 10 minutes around the clock.
More at http://quotes.ino.com/analysis/extremes/futures/

WINNERS

BDU1   Oriented Strand Board Sep 2001             224.60     10.00  +4.66
KCN1   Coffee 'C' Jul 2001                         68.75      2.70  +4.08
LBF2   Random Length Lumber Jan 2002              309.50      9.50  +3.17
DBV1   Butter Oct 2001                           190.000     5.000  +2.70
CCK1   Cocoa May 2001                               1034        22  +2.17
SEN1   Sugar #14 Domestic Jul 2001                 21.34      0.20  +0.95
NKH2   Nikkei 225 Stock Avg Mar 2002               14520       125  +0.87
HUF2   New York Harbor Unleaded Gasoline Jan 20    0.7750    0.0063  +0.82
HOH2   Heating Oil Mar 2002                         7580        58  +0.77
ERY0   FTSE Eurotop 100 Cash                      3286.3      21.8  +0.67

LOSERS

DJU1   Dow Jones Industrial Avg. Sep 2001         110200      -660  -5.95
NGM1   Henry Hub Natural Gas Jun 2001              4.230    -0.260  -5.79
PBQ1   Frozen Pork Bellies Aug 2001               78.050    -3.000  -3.70
PNV1   Propane Oct 2001                           0.5325   -0.0125  -2.29
HON1   Heating Oil Jul 2001                       0.7525   -0.0172  -2.23
XWZ1   Wheat Dec 2001                            295 1/2    -6 1/4  -2.09
HUM1   New York Harbor Unleaded Gasoline Jun 20    1.0630   -0.0213  -1.96
SMV1   Soybean Meal Oct 2001                       146.7      -2.9  -1.94
NDM1   NASDAQ 100 Index Jun 2001                 1903.00    -37.50  -1.93
CLM1   Light Sweet Crude Oil Jun 2001              27.77     -0.51  -1.80
____________________________________________________________________________

E X T R E M E   S T O C K S
____________________________________________________________________________

Updated every 10 minutes around the clock.
More at http://quotes.ino.com/analysis/extremes/stocks/

WINNERS

MGAMW  MULTIMEDIA GAMES WRRT'A'                     6.10      1.80  +41.38
LNOP   LANOPTICS LTD                               12.05      3.40  +39.31
BWE    BANCWEST CORP                               34.31      9.35  +37.43
PXCM   PROXICOM INC                                 7.44      1.78  +31.45
PYR    PYR ENERGY CORP                              6.73      1.48  +28.19
AMSC   AMER SUPERCONDUCTOR                         19.01      4.11  +27.40
NIS    NOVA CORP                                   29.05      5.73  +24.36
CRDS   CROSSROADS SYSTEMS                           8.55      1.63  +23.55
LSBC   LARGE SCALE BIOLOGY                          6.10      1.10  +22.00
ARRY   Array BioPharma                              6.45      1.14  +21.47

LOSERS

PRSF   PORTAL SOFTWARE INC                          5.93     -3.38  -36.42
HMNF   HMN FINANCIAL                               13.75        -5  -35.71
TMTA   TRANSMETA CORP                              11.17     -3.40  -23.34
MAXC   MAXCO INC                                    7.50     -1.43  -19.07
CANI   CARREKER CORP                               21.22     -4.83  -18.54
CRXL   Crucell N.V. ADS                             5.75     -1.27  -18.09
IVAC   INTEVAC INC                                  5.30     -0.83  -14.19
PMSI   PRIME MEDICAL SERVICES                       5.25     -0.82  -13.40
CTCI   CT COMMUNICATIONS                           13.00     -2.00  -13.33
KOSN   KOSAN BIOSCIENCES                            8.30     -1.24  -13.30

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Hey Guys,  I just typed a small novel (below) about JRTC and thought I send
it out, it's answerin a question a friend asked about how the simulated
comabt stuff works and has an example at the end.

Excellent question (about what makes the bad guys run away during an
exercise).

The Army paid Grumman a shitload of cash to make "laser tag" stuff for us.

It's called MILES and if you ever see a picture of an army unit on an
exercise you will see that the soldier is wearing a harness over his normal
Load Bearing Vest(LBV), the harness has four receptors on the front and four
on the back, in addition there is a doughnut shaped belt of receptors that
goes on the kevlar helmet.  Vehicles also have receptors mounted to them,
every thing from HMMV's to the tanks to the helicopters.

Our weapons systems have transmitters on them, it'll look like a little box
mounted on the front of the weapon, the box has a pressure sensor so every
time the gas from a blank round firing hits it it fires a laser beam down
range.  If the laser beam strikes a receptor the guys harness will emit this
God awful high pitched whine that lets everyone know he is down/dead.
AT-4's and Dragons (bazooka like anti-armor weapons) are simulated by what
are called Vipers, same weight, same size, except it fires a big powerful
laser that will be strong enough to activate an enemy tanks MILES.  The
armor vehicles MILES game is pretty neat.  There are two types of kills on a
tank, a Mobility kill, and a critical kill.  If the Viper or other weapon
doesn't have a solid hit on a sensor in a critical area, a mobility kill
will result which means the explosion just blew the trak of the vehicle but
its' radios and weapons still work.  A critical kill means, the vehicle and
all inside are dead dead dead.  If a tank gets a critical kill the MILES
gear will actually shut the vehicle down and kill its radios.  The guy will
just be drivin along and then he will hear over his radio a females voice
say, "Critical kill" and the only thing that will work on the vehicle after
that are the brakes.

So, direct fire weapons systems are pretty easy to replicate, target wears a
receptor, shooter fires a transmitter.

Indirect fire weapons though are a bit more difficult,  whereas before the
shooter always had eyes on the target and thus could directly place a laser
beam on target, artillery often shoots targets that no one directly see.

There are two ways around this.   At the National Training Center (NTC)
where they do all the armor against armor training, they have the MILES 2000
system.  You have an armored motorized rifle company(MRC) sitting at point
X,  I have an observer 15Km away who, with optics can see your
MRC, my FO calls in a fire mission, based on the target description a Bn 3
will be fired (54 rounds fired in 3 volleys as there are only 18 tubes in a
Bn.  The Observer-Controllers (OCs), kinna like referees, will monitor the
Call for Fire from the observer to the tubes, and the OCs will take the fire
mission data and plug it into their big MILES computer which will take into
account any errors the observer may have made and any errors the gun
batteries (instead of Artillery Companies we have artillery Batteries (6
guns)) may have made.  When the gun batteries tell the observer that they
have pulled the trigger, the OCs, who are always listening, will pull the
Miles trigger.  What happens then is a satellite hovering above NTC will
blast down a laser with a footprint large enough to simulate the area 18
artillery rounds would take up, it will do this 3 times to simulate all 3
volleys landing.  Any vehicles caught in this footprint will be assessed as
damaged/destroyed.

At JRTC where the Light Fighters (i.e. no armor assets organic to them)
learn to play,  we don't get no stinkin satellites.  What we do there is,
when a fire mission is called to the guns, the OCs will monitor it and enter
the data in their computers, the computer will take into account any errors
made by the FO and the guns and will spit out a grid coordinate,  this grid
will be passed to a "Fire Marker" which is a crazy guy with a four wheeler,
a GPS, and a god gun (a hand held transmitter that fires a universal kill
laser i.e. men to tanks and aircraft).  I say crazy because these guys are
civilians who get bonuses based on how fast they can get to the target grid.
  Their average response time is 4 1/2 minutes, which is about 3 minutes
longer then it would be in real life so it's not as cool as MILES 2000.  So
you'll see these guys haulin ass through the woods on theses 4 wheelers
tryin to get to their target grids on time, and God help you if he pulls up
into your position and no you can't haul ass if you see one comin your way
cause your OC who is walkin with your unit will zap you on the spot if he
sees you runnin from a fire marker.  I'll close this bad boy with a little
story.

"Oh shit, there I was" (all good 'war' stories gotta start with this).
We had started the first phase of the rotation, "Entry into the Box" (the
box is the JRTC engagement area) at 2300hrs the previous night and had
fought our way 7 Km SW hand railing a road, identifying mine/wire obstacles
and eliminating the Observers over watching them.  It was 0800 the next
morning and we were dead f-kin tired and had finally reached our main
objective which was a road inter-section in a semi wooded area just to the
south of the main air field that the rest of the Brigade Combat Team (BCT)
was gonna use to lift in the rest of the support assets.  There was a BIG
triangular berm area just off the road, basically the dirt walls were 10 ft
tall 50 yard long.  We moved out of the tree line and occupied it cause at
the time it looked like it would be super easy to defend, which was good
cause we needed to hole up for a bit and catch out breath, plus our COLT
team (Combat Observer Laser Team = mounted (on a HMMVV) FO's with Laser
designators to guide Copperheads and Hellfire missiles, basically vehicle
killers) and Bradley support vehicles had just 'discovered' (BOOM) a mine
field at the intersection, this was happening as we were occupying the berm.
  So we detached a small element to go evac the Casualties from the
vehicles, the 1SG and a couple of joes. 3 min later the 1SG and his team
were nailed by anti-personnel mines surrounding the mine field while trying
to aid the wounded inside the vehicles.  At the same time a "Civilian" truck
with two redneck lookin females showed up like they were fixin to drive
right on through the road so we had to send a few guys out of the berm to
stop/search the vehicle (at JRTC they employ real civilian actors to portray
Civilians on the Battlefield or COBs, because in real life there are COBs
and we gotta know how to deal with them and accomplish our mission at the
same time).  So we got the 1SG and a couple of guys down at the obstacle, a
COB truck right outside the berm when the CO decides to go check on the
obstacle.  By this time we had been in this BIG berm (read TRP (Target
Reference Point or somethin the enemy probably has his guns laid on just
waitin for some morons to park their sad tired asses in there long enough to
get a mission off)) for like 15 minutes when sure enough off in the distance
we hear this vrrrrrm getting steadily louder and louder.  We were so tired
we were basically denying the obvious, "there's no way he's headed for us,
please God don't let him be headed for us" basically you had an entire
company in a 100 yard radius which is about the same size as a 82mm mortar
impact area.  So there we are listening to this 4 wheeler get closer and
closer and basically all we can do is start to get all our gear back on and
get ready to HAUL ass.  Of course we can't legally run until the first round
impacts.  So this guys comes tearin down the road, shoots off the road and
pulls SMACK DAB into the middle of the berm, jumps off his bike and starts
UNLOADING with air burst Arty Simulators (basically a little flare gun that
pops 1/4 sticks of TNT up 40 ft into the air to simulate incoming rounds.
Note: these are only used when the grid is so accurate that using ground
burst simulators would pose a hazard to troops).  Basically what this told
us is that we were setup, the baddies were just waitin for us cause the
rounds were accurate on the first volley and needed no adjustment.  So yeah,
this joker is poppin off airburst TNT, after the first burst I yelled
INCOMING and got up and hauled ASS.  Luckily I was close to the exit and
started movin out FAST, because between airbursts the Fire Marker was just
sweeping left to right with the God gun as guys were scramblin tryin to get
out.  I got out of the Berm and just kept runnin a good 200M because I'm
Artillery and I know what the burst radius is on these suckers.  I looked
back and saw the Infantry guys stoppin at a tree just outside the berm.
Since there were no visible Real life ground bursts they thought they were
safe.  As I was yellin at them to keep movin an OC came out and just whacked
em all (16 guys).  As the rest of the people who made it out were still
runnin, about 25 of us and we were all now 150-200M North of the berm,
scattered all over hell.  Little bunches of 5-6 guys runnin to trees and
collapsing.  Just as the last of the living made it out of the berm, we hear
this vehicle come tearing outta the trees about 50M to our left and from
lower ground.  Sure enough it's a DsHKA (read Dishka, basically a 50 Cal on
a friggin truck bed),  so there this fucker is lighting us up from the left
and enemy 82mm Mortar fire blastin our tail ends.  Since the DsHKA was a
high payoff TGT I was immediately on my net sreamin "Holy Shit we got a
DsHKA here, Grid 785436 HELLLLPPPP!!!"  At the same time we got Infantry
guys tryin to suppress the joker on the back of truck with their M4's while
trying to get two Vipers together (we were told by the OC's that the only
thing they've ever seen kill vehicle here with was two Vipers fired at the
same section of the vehicle at exactly the same time)  but the Viper teams
were scattered all over hell.  All this happened within about 30 seconds,
the CO had seen us come tearin outta the Berm and heard the DsHKA light up
so he was on his net talkin to the Kiowa's (scout helicopters but they're
armed).  So we're pinned down, trying to suppress this truck while dodgin 50
Cal laser blasts (since its just MILES a blade of grass can deflect the
laser).  FINALLY the Kiowas show up (actually they got there respectably
fast only 2-3 minutes) chase the bastard down and smash him with their
hellfires.  With 30 of 65 guys dead, and one DsHKA down, we were ready to
get a little rest and then start huntin the mortar and other 2 DsHKAs that
were supposed to be in the area.

Basically we got the shit ambushed outta us, it was really a pretty nice
setup on the enemies part.  We were stupid enough to setup in an obvious
terrain feature, one that was no doubt on the Enemy's target lists.  So when
the mortar rounds started droppin and we started pouring out of the berm
there the 50 cal was waitin to mow down whoever didn't get killed by the
Arty.

Anyways, that's one of my JRTC stories and subsequently one of the largest
e-mails I've ever written. So I'm gonna forward it to the rest of the guys.

Welp, its about time to go get my drink on, talk to y'all later.

LAWLER,OUT.

 >Hell, I thought Consultants had a lotta acronyms.....Hey when you guys go
>through these exercises, what makes someone high tail out of an attack
>stance...i.e. I know you're not firing live rounds at one another, so how
>do they simulate real life scenarios?  Also, in concerns with deer hunting,
>I'll be headed down to Junction (our lease) to pull a trophy this weekend.
>I'll probably freeze my ass off, but I've had my deer picked out since
>Sept.  Later.
>
>Dickey
>
>
>
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Please find the attached spreadsheets listing the unfinaled sales invoices
for May production.  We have indicated which group is responsible for the
outstanding item in the "Responsible Department" column.  The Settlement
coordinator is also listed on these spreadsheets.  Please have your team
members contact the coordinators directly for the information needed to final
the invoice.

As communicated last week in our meeting with Sally, the deadline for
completing this work so that the invoices can be finaled is Friday, June 16,
2000.  We appreciate any efforts your teams can make in expediting the
research to ensure we can final all May invoices by the end of day Friday.

Thank you for your support and cooperation in these efforts.

Lisa


I think we are supposed to do this tomorrow (Monday).

Kay
---------------------- Forwarded by Kay Mann/Corp/Enron on 04/29/2001 01:40
PM ---------------------------
From: Catherine Clark/ENRON@enronXgate on 04/26/2001 10:28 AM
To: Roseann Engeldorf/ENRON@enronXgate, Kay Mann/Corp/Enron@Enron
cc:

Subject: RE: Prepayment Notice Form

I removed Shazia Sarker's information and added Elizabeth Burnett, our new
Administrative Agent at CSFB.

 -----Original Message-----
From:  Engeldorf, Roseann
Sent: Thursday, April 26, 2001 9:43 AM
To: Mann, Kay; Clark, Catherine
Subject: Prepayment Notice Form

See attached.

 << File: Prepayment Notice (for Phase I Property).DOC >>

Thanks,

Rose


?

Hi Folks,

A couple of quick notes before we get to  this week,s Upgrades and Downgrades.

?

Replacing Ricky  Williams:?? Contrary to published reports,  Ricky Williams
bypassed surgery today to seek another opinion according to  ESPN.? The word
is that Jim Haslett  will likely not go outside the team for a back.? Chad
Morton and Jerald Moore will likely  be the choices with Morton getting first
shot.? Morton,s a little undersized at 5, 88  and 186 but so is San
Francisco's Charlie Garner and he manages pretty  well.??Morton came from a
big  time program at USC and averaged 20+ carries a game last year so it,s
not like  he isn,t used to carrying the load.?  We,ll see.

Don,t Count Out Brett  Favre:? According to ESPN, Brett Favre,s foot is  much
better and he may practice this week.?  Even if he doesn't practice, he
thinks he may be able to play and keep his  record streak of consecutive
starts intact.

Akili Smith Benched.? Not  just benched.? Benched for Scott  Mitchell.? That,
s gotta  hurt.

Marshall Faulk Raring to  Go?? With Trung Canidate out for the  year with a
broken wrist, Marshall Faulk has reportedly told the coaches he may  be able
to play this week.? Most  think that,s too optimistic but it,s nice to see
the desire there.?

Jeff George to  Start??According to the Redskins, Jeff George will start
again this week at QB.? Coach Norv Turner has stated the starting QB job is
Brad?Johnson's when he's?healthy, possibly in?week 13.  ?

?

Let's jump right into our Upgraded and  Downgraded Players.? As we head down
the home stretch, identifying  those players moving up or down can be the
difference between making the  playoffs or watching from the sidelines.?  As
we head into our 12th week of listing these players, it,s  inevitable that
some players will have made both the upgrade or downgrade  list.? Make sure
you understand,  what we,re talking about is players that are moving.? In
other words, a player like TE Chad  Lewis could appear on the downgrade list
and still be good enough to be a  starter in your league.? It just  means I,m
concerned about the way he seems to be heading.? Likewise, a player like WR
Laveranues  Coles may make the upgrade list even though he,s still fairly far
down the list  of WRs.? It,s all about which  direction players are moving.?
Keeping an eye on these trends can very often make all the  difference.

Joe

?

Upgrades and  Downgrades.? Some of these  players are obvious moves up or
down and some aren't as clear.? Here's my  list of guys I see moving this
week.

QBs Moving Up

QB Mark  Brunell (Jac)?? I,m one of those guys who quickly  points out
Brunell has never put together fantasy numbers to warrant the hype he
receives but you can,t deny what Brunell has done lately.? Behind a beat up
line, he,s standing in  there (while taking a beating) and delivering the
ball.? Jimmy Smith made a roaring comeback and  paired with Keenan McCardell,
they,re one of the better WR tandems in the  league.?

QB Kerry  Collins (NYG)? A few weeks ago, I took some (deserved)  lumps for
my early praise of Collins but he,s kicking his game up a notch of  late.? He
looks more comfortable in  the pocket, especially in his footwork and drop
backs.? Watch to see how Amani Toomer is doing  but when he,s healthy, Toomer
and Ike Hilliard make a great WR corps.? A?solid ground game in Ron Dayne and
Tiki  Barber continue to help the passing game.

QB? Donovan McNabb (Phi)? With  Deuce Staley gone, McNabb,s had to shoulder
the offense and this week he came  through with flying colors.? The bad  news
is he only completed 47% of his passes Sunday.? The good news is he threw the
ball 55  times.? When a QB airs it out 55  times in one game, it doesn,t
usually bode well for the team,s chances of  winning but it,s certainly a
plus for your FF team to see that many  attempts.? With that many chances,
it,s like allowing yourself to double the stats a Jeff Blake (23 attempts
this  week) or Jeff Garcia (25 attempts) puts up.? Unless you have a really
good feeling  about Stanley Pritchett or Darnell Autry, I,d think you,ll see
him continue to  throw often.

QB Trent  Dilfer (Bal)?? Remember, this list is  relative.? While he may not
be a  starter, Dilfer is definitely moving up the charts and that,s what this
list is  all about.? He actually looked very  good at times in the huge
victory over Tennessee Sunday.? He showed nice poise coming back after
basically throwing the game away a few plays earlier.? Brian Billick did
wonders with a  marginally talented Tony Banks in 1999 and it,s conceivable
he might do it here  again with Dilfer.? They play Dallas  and Cleveland next
but keep in mind Baltimore has a bye on December  3.

QB Troy  Aikman (Dal)? When I,m bashing Mark Brunell as a  Fantasy QB, I
usually compare him to Troy Aikman ) Great real NFL QB but not a  much for
Fantasy GMs.? Notice a  pattern here?? After being named the  starter Sunday,
Aikman went out and lit up the Bengal Defense which was ranked #  20 over the
last 4 weeks.? It,s hard  to put too much faith in him but if you,re
desperate for a QB, he could be worth  a gamble.? Tough matchup this week  vs
Baltimore but he gets the Vikings in week 13.

QB Jeff  Blake? (NO)? You of course know by now that RB Ricky Williams is
gone for 6-8 weeks.? I hate it for  Williams owners (I,m one) but what,s done
is done.? All we can do now is look forward.? And looking forward, I see
Blake being  forced to carry an increased load.?  QB Donovan McNabb threw the
ball 55 times Sunday in the wake of losing RB  Deuce Staley and I could
easily see a similar type situation in New Orleans with  Blake throwing a lot
more passes.

QB Rob  Johnson (Buf)? I make it a point to hold my tongue on  coaching
issues but I,ve gotta say I think Mr. Charisma with the Spiffy  Sweaters,
Wade Phillips, is 100% wrong in going to Johnson.? In terms of roster
management, he,s  hands down the worst in the NFL in my opinion.? But none of
that really matters as Rob  Johnson has to make the upgrade list since he,s
been named the starter for this  week.? Don,t get too excited,  though.?
Johnson finishes roughly  half the games he starts and the next three weeks
vs Kansas City, Tampa Bay and  Miami could be brutal.?

QB Matt  Hasselbeck (GB)? Hasselbeck played nicely replacing Favre  this
week.? Remember there was even  some talk about trading Favre and starting
Hasselbeck this summer when Favre,s  elbow was a big concern.? Before you
give up the farm to snare Hasselbeck, you should know Brett Favre is
reportedly  feeling better and hoping to play this week.? We,ll keep you
posted.

QB Shane  Matthews / Cade McNown (Chi)? Again, I,m highlighting guys moving
up.? With the injury to Jim Miller,  Shane Matthews will be thrust into the
starting role.? The injury will also likely add a little  fire under Cade
McNown who may be rushed back a little sooner than he would have  been if
Miller was performing well.?  Matthews looked very rusty but it,s tough to
judge a QB when he,s thrust  into the game like that.? I,d look  for Matthews
at least for this week against a tough Tampa Bay defense and then  we,ll
see.?

?

RBs Moving Up

RB Lamar  Smith (Mia)? You have to keep giving this guy his  props after
another great game.?  Although, if you,ve got an owner salivating over Smith
and you can get a  lot in return, it might be a great time to trade him.? I
can,t imagine his value being any  higher.? His yard per carry number  dipped
to 2.6 in Sunday,s game and he faces the Jets this week plus a brutal
matchup against Tampa Bay in week 15.?

RB Edgerrin  James (Ind)? It,s tough to upgrade a guy already near  the top
but he put in another great game Sunday with 155 total yards and shows
little sign of slowing down.? He  averaged 4.2? yards per carry Sunday  and
the Colts are leaning heavily on him.?  Watch out for a tough November 26
matchup vs Miami  though.

RB Robert  Smith (Min)? Smith quietly is having an incredible  year.? He,s
put those hang nail  injury jokes way behind him as he,s become one of the
best RBs in the  league.? He,s running between the  tackles for the tough
yards and catching the ball exceptionally well.? Keep an eye on that tasty
week 13  matchup against the Cowboys.?

RB Fred  Taylor (Jac)? Jaguar Fans may be distraught, but Fred  Taylor owners
have to be happy, at least lately.? Taylor,s running as well as he has in
his career, even if his team is struggling.? One can only wonder what he,d be
doing  with a healthy supporting cast.?  He,s got two tough weeks coming
against Pittsburgh and Tennessee.? But as everyone knows, Taylor has a  great
stretch run of opponents in weeks 14-16 when he faces Cleveland, Arizona  and
Cincinnati.?

RB Jamal  Anderson (Atl)? If you didn,t know better, you might  have thought
you were watching tape from 1998 if you saw Anderson Sunday.? He ran hard and
with the power and  quickness that pushed him to stardom.?? Hopefully, he,ll
be able to  maintain that form.

RB Michael  Pittman (Ari)? Pittman,s nursing a chest / rib injury  so keep an
eye on that but assuming he,s ok, he has to make the upgrade  list.? He
scored a TD Sunday and  averaged 4.2 yards per carry on 12 carries.? He also
added 8 receptions.? His main competition for carries, Thomas  Jones, had a
yard per carry average that equaled his fumbles Sunday:? 1.00???

RB Justin  Watson (StL)? Watson held his own Sunday as he rushed  for 62
yards on 17 carries.??  He likely won,t be a factor long as Marshall Faulk is
already itching to  get back on the field but he might be worth a shot for
one more  week.?

RB Ahman  Green (GB)? With Dorsey Levens, troubles, Green  clearly shoots up
the charts.? He,s  an enormously talented RB, but he,s got to learn how to
turn that talent into on  the field production.? After a tough  Tampa Bay
game last Sunday, he faces a soft schedule with the Colts, Panthers,  Bears,
Lions and Minnesota coming up.

RB Chad  Morton (NO)? With Ricky Williams out for the next 6-8  weeks, the
logical guy to attempt to fill his shoes is the rookie from USC,  Morton.?
He,s Detroit WR Johnnie  Morton,s little brother and was reportedly extremely
close to Ricky Williams and  shaken with his injury.? He,s small  but very
quick.? He,s not as big as  you,d probably like but neither is Charlie
Garner.? Last year at USC, he carried a full load  as the featured rusher so
he,s capable.?  The team hasn,t announced their plans yet and bringing in a
free agent is  a possibility but I,d expect Morton to get a shot first.? New
Orleans has a fairly favorable  rushing schedule ahead with Oakland, Denver,
San Francisco and Atlanta all  ahead.

??

WRs Moving Up

WR James  McKnight (Dal)? Wow.? What else can you say but give the man
credit.? 8 catches for 164 yards  with a TD is a pretty good day.?  Whether
he and Troy Aikman can keep it rolling is the question but you  have to like
what he,s done thus far.?  He,s got a brutal matchup next week in Baltimore
but he might be worth  grabbing to play against the Vikings in week 13.?

WR Sean  Dawkins? (Sea)? Excuse  us for not getting excited about a guy who
was buried on the Seahawks a few  weeks ago and had Jon Kitna throwing to
him.? But Kitna,s looking better and Dawkins  responded with a great game.?
Like  McKnight, the question is whether he can keep it up but he,s worth a
roll of the  dice.?

WR Torry  Holt (StL)? I drew a few snickers a month ago when I  said I
thought Derrick Mason was the best WR on the Titans.? I,m just about ready to
call Torry Holt  the best WR in St. Louis.? And  that,s no knock on Isaac
Bruce.?  Holt,s really coming into his own and to be honest, benefits greatly
from  the attention Isaac Bruce draws.? He  does face a couple of strong
defenses in Washington and New Orleans but I,m  betting he manages to produce
against tough competition.?

WR Derrick  Mason (Ten)? Mason is clearly the best WR on the  team. Partly by
default as Kevin Dyson,s gone and Carl Pickens is injured.? But partly
because he,s just that  good.? The Titans had their running  game shut down
by Baltimore Sunday and they were forced to the air.? And much to the
surprise of many, QB  Steve McNair fared pretty well and Mason was a big part
of that  success.?

WR Ricky  Proehl (StL)? Great, just what Fantasy GMs need )  Another Ram WR
to worry about.?  Proehl caught 6 passes for 53 yards and a TD Sunday.? In an
offense missing RB Marshall Faulk  as high powered as the Rams, there,s
probably room for another WR at the  trough.???

WR Patrick  Johnson (Bal)? Johnson replaced Travis Taylor in the  lineup and
came up big with the game winning TD.? He only caught 3 passes but
understand  that he,s the 3rd receiver behind TE Shannon Sharpe and WR Qadry
Ismail.? Still though, it,s a Brian  Billick team and Trent Dilfer is playing
better with each series it  seems.?

WR Jimmy  Smith? (Jac)???  With 10 catches for 117 yards, I guess you can say
he,s back.? The Jags may be struggling but Smith and  QB Mark Brunell are
back in synch.?  Ride it while the combo is hot.?

WR Jerome  Pathon (Ind)? Terrence Wilkins had a firm grasp on the  #2 WR spot
early in the season but Pathon seems to be taking over there.? Pathon is
playing with more confidence  and more importantly, seems to have the
confidence of QB Peyton Manning.? He had 3 catches for 42 yards  Sunday.?

?

TEs Moving Up?

TE Bubba  Franks (GB)? For a long while Franks and TE Tyrone  Davis had
battled for time.? It,s  now looking like Franks has prevailed as Davis is
seeing very little time.? Franks made a great catch of the fake  kick TD and
is showing some of the athleticism that caught the Packers, eye in  the draft.

TE Rod  Rutledge (NE)? So much for Eric Bjornson.? Rutledge seems to be the
new TE threat  for the Patriots and you know Drew Bledsoe likes to throw to
the TE.? If he can just get that thumb  healthy(?

TE Shannon  Sharpe (Bal)?? After some quiet weeks, Sharpe has  returned to
his place of one of the premier TEs in the game.? He,s clearly the best
receiver on the  team and has the confidence of QB Trent Dilfer.? Just as
importantly, he seems to have  confidence in Dilfer.

???

QBs Moving  Down?

QB Trent  Green (StL)? Mike Martz said a couple of weeks ago he  felt that
having Green behind center was &just like having Kurt in there8.? We believe
him.? If you,re going to deal him, now,s the  time.? Even as well as he,s
been  playing, the league MVP Warner does not lose his job to a broken hand.?
The team is talking about December 3 as  a possible date he,ll be back but I,
ve heard even sooner.? Regardless, you have to figure his days  are
numbered.? Plus, upcoming games  against Washington and New Orleans in the
next two weeks could pose a  threat.?

QB Doug  Flutie? (Buf)? Right  or wrong, Flutie takes a seat as Rob Johnson,s
been named the starter this  week.? Hold onto him though as I,ve  got to
think the chances of Johnson staying healthy for long are  slim.

QB Drew  Bledsoe (NE)? So much for the Boston Globe,s Bill  Belichick
conspiracy that Bledsoe would miss several weeks.? Still though, you could
clearly see he  wasn,t 100% with the thumb.???

QB Brett  Favre (GB)? As you know, Favre suffered a sprained  foot against
Tampa.? While everyone  was shouting about how many weeks he,d miss, Favre
told anyone who,d listen  today that he looked to be ready for this week,s
game against Indianapolis.? Players are notoriously optimistic so  keep an
eye on it.?

QB Elvis  Grbac (KC)? Don,t get me wrong, Grbac is still a top  QB.? He just
showed Sunday he,s  human.? He really should have done  more against San
Francisco though.?  On a side note, didn,t he say he,d shave that goofy beard
when they  lost?(?

QB Brian  Griese (Den)? It,s the 3rd quarter of the  Monday Night game as I
type this and it,s pretty obvious Brian Griese is at less  than 100% arm
strength.? Keep an eye  on this.? He,s a gutsy kid and has  played through a
lot but it does seem to be affecting his  play.?

QB Charlie  Batch (Det)Another game, another  less than impressive
performance.?  Batch just seems to struggle to get anything done.???

QB Akili  Smith (Cin)? I,ve been ripping this guy for weeks and now I feel
sorta bad for him as he,s been benched(for Scott Mitchell. That,s gotta
hurt.?

QB Jim  Miller (Chi)? Talk about blowing an opportunity.? Miller had been
moving the Bears and  looked to be the spark Chicago was missing with Cade
McNown.? And then Mr. Achilles decided he didn,t  want to participate.? Nasty
injury  and too bad as he was showing promise.???

?

RBs Moving Down?

RB Charlie  Garner (SF)? Garner,s been a regular on the upgrade  list and he
had another huge game Sunday where he posted 141 total yards with a  TD
against the Chiefs.? Two big days  loom on the horizon though.? I  promise
you he,ll be shut out in week 13(he has a bye.? And then he faces San Diego
and New  Orleans in week 14 and 15.? He,s a  great player and one of the best
RBs in the game but he,ll be facing some tough  matchups coming up.?

RB Ricky  Williams (NO)? As I reported yesterday to our email  subscribers,
Ricky Williams suffered a broken ankle and will miss 6-8  weeks.? I had to
chuckle watching  Saints Head Coach Jim Haslett talk about how Ricky doesn,t
play defense and  didn,t make any of those sacks or force any fumbles and
about how Ricky,s just  one guy and they,ll be fine.? Yada yada  yada. ?That
sounds good Jim but you,re in for a rude awakening if  you really believe
that (I don,t think he does)? Chad Morton will be the likely  replacement.?
Jerald Moore will get  a shot too.???

RB Tshimanga  Biakabutuka (Car)? 1.7 yards per carry will not get it done for
a  featured RB in this league and that,s exactly what Biakabutuka posted
Sunday.? He,s got to get back on  track if the Panthers are to be effective
as a team.?

RB Mike  Alstott (TB)? It seems as if Alstott is less of a factor every
game.? He only had 9 rushing  attempts Sunday for 38 yards.? If I  were him,
I,d pay Keyshawn to tell the coaches I needed some  carries(?

RB Emmitt  Smith (Dal)? What a disappointing game vs the Bengals Sunday.?
Smith fumbled early on what should have  been a sure TD and never seemed to
recover.? I thought he,d carry the load for a  struggling Aikman.? Turned out
the  other way around.?

RB Shaun  Alexander (Sea)? So much for the idea of coach Mike  Holmgren
throwing in the towel for 2000 and starting the young players like
Alexander.? The rookie is a fine  player and will get his time but for now,
it doesn,t, seem to be happening  anytime soon.?

RB Trung  Canidate? (StL)?  Canidate broke his wrist Sunday and will miss the
rest of the  season.? I have no idea how the Rams  will function without
him.?

?

WRs Moving Down?

WR Marvin  Harrison (Ind)? Is it just me or is Marvin Harrison  getting more
and more quiet with each game?? He only had 4 catches for 34 yards  Sunday
and didn,t seem to be a big factor.?  He,s still one of the best WRs out
there but I,m worried about his  production.?

WR Terry  Glenn (NE)? Glenn,s faded down the stretch and the  Bledsoe thumb
injury won,t help his play one bit.? Don,t be too down on him as he does
have  some favorable matchups on the horizon.?  But if Bledsoe can,t go, it,s
trouble for Glenn.?

WR Marcus  Robinson (Chi)? The loss of QB Jim Miller is huge.? The Bears are
now with their #3 QB and  you can only expect so much.?  Robinson will make
any QB better but there,s only so much he can  do.?

WR Antonio  Freeman (GB)? Freeman appears to be headed toward the  path he
was on a few weeks ago ) mediocrity.? And that was with a healthy Favre.?
With a?less than  healthy?Favre, it could be worse.???

WR Jacquez  Green (TB)? Keyshawn Johnson,s gain is Green,s loss  as QB Shaun
King seems locked in on Johnson.? Green will still catch the occasional  long
ball but it appears for now, he,s the clear cut #2 WR.?

WR Terrence  Wilkins (Ind)? Suddenly, Terrence Wilkins is the  forgotten man
in the Colts passing game.?  For some reason, Peyton Manning just isn,t
giving him the looks.???

?

TEs Moving Down?

TE Kyle  Brady (Jac)? Brady,s still a solid TE but with the  return of Jimmy
Smith, it,s clear that he won,t be the big target he had  been.???

TE Jay  Reimersma (Buf)? Reimersma was a total non factor in  Sunday,s game
catching only 1 pass for 7 yards.? One has to think the QB shuffle could
have an effect.?

TE Itula  Mili (Sea)? Mili,s yielded his starting TE job to  Christian Fauria
and Fauria seems fairly intent on keeping it.? Mili may be a contributor but
it looks  like he wont, see enough action to make him a consistent  threat.

?

?

?

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Shame on you, Jeff!  I expect this sort of thing from inexperienced
reporters and dim bulbs like Campbell.  But you KNOW that this sort of
thing is no big deal.  And when did the PUC ever disallow these kinds of
losses for the utilities?  I don't think my memory has gotten that bad.   MIKE

At 03:20 PM 7/24/2001 -0500, you wrote:
>FYI.  Many similar stories in the major papers today.
>
>Best,
>
>
>Jeff
>
>
>Figures show state lost big on extra power
>
>
>Posted at 9:53 p.m. PDT Monday, July 23, 2001
>
>
>BY JOHN WOOLFOLK
>
>
>Mercury News
>
>
>State figures show California may have lost about $14 million this month
>selling surplus electricity for less than it cost.
>
>
>The Mercury News disclosed last week that some power was being sold at a
>loss. But the new figures provide the first indication of just how much
>excess power the state bought in its desperate effort to avoid blackouts --
>and how cheaply some of that power was sold when it turned out not to be
>needed.
>
>
>A Republican lawmaker said Monday the loss also shows Democratic Gov. Gray
>Davis' energy policies are needlessly costing consumers.
>
>
>``This whole thing is a mess,'' said Assemblyman John Campbell, R-Irvine,
>who requested details of the state's surplus power sales. ``The government
>needs to get out of the power business before it costs Californians even
>more money.''
>
>
>A state spokesman didn't dispute the $14 million figure outright but said
>it is an approximation based on average prices and that the actual loss
>probably is less.
>
>
>``It's a number I'm sure he likes very much, but it's definitely an
>estimated number, and it could be far lower,'' said Oscar Hidalgo,
>spokesman for the state Department of Water Resources.
>
>
>Campbell responded that the loss also could be higher.
>
>
>The state has spent $415 million on power so far this month.
>
>
>State officials last week confirmed that cool weather and consumer
>conservation have left California holding more power than it needs. The
>revelation was a stunning turnaround for a state that months ago was paying
>top dollar for power, expecting shortages this summer.
>
>
>Price that was paid
>
>
>The state bought 3.5 million megawatt-hours of electricity for July at an
>average price of $118 per megawatt-hour, according to a response Friday by
>the Department of Water Resources to Campbell's inquiry. The state has sold
>178,000 surplus megawatt-hours in July at an average price of $37, the
>department said.
>
>
>Based on those average prices, the state paid $21 million for the surplus
>power, which it sold for $6.5 million -- $14.5 million less than it cost.
>
>
>A more precise calculation of the state's loss is difficult because
>purchased power is acquired at different times and prices and pooled as a
>``portfolio.''
>
>
>Purchases included long-term contracts that averaged $138 per megawatt-hour
>as well as cheaper spot-market buys.
>
>
>State officials last week said they were selling surplus at $15 to $30 a
>megawatt-hour, while some traders cited unconfirmed sales as low as $1.
>
>
>Hidalgo noted that the surplus sales represent just 5 percent of
>California's July purchases, which totaled $415 million. The $6.5 million
>from sales will help lower the state's power bill, he said, adding that
>utilities routinely sell some extra electricity.
>
>
>``Despite the fact that we're in somewhat of a surplus, any power-buying
>operation in the world is going to have to plan for these types of
>situations,'' Hidalgo said. ``It's not unique, and in fact it's normal
>operating procedure for any utility.''
>
>
>Other Western utilities, including Portland General Electric in Oregon,
>have said they, too, are selling some surplus power at a loss and describe
>it as a cost of doing business.
>
>
>The suppliers buying the state's surplus electricity on the cheap include
>the big out-of-state energy companies that the governor has called
>price-gouging ``snakes.'' Among them are Duke Energy, Dynegy Power and
>Marketing, El Paso Power Services, Mirant, Reliant Energy and Williams
>Energy.
>
>
>`Best bid' taken
>
>
>Hidalgo said the state took the best offers it could find.
>
>
>``It's only reasonable to get the best bid you can,'' he said.
>
>
>Campbell said the $14 million loss is troubling because ratepayers or
>taxpayers will have to cover the cost, whereas a private utility could be
>forced to eat the expense if regulators determined it was unreasonable.
>
>
>State officials say what's more important is that the overall cost of power
>is dropping, from an average daily tab of $64 million in May to $25 million
>this month, in part because the state has so much power.
>
>
>Contact John Woolfolk at jwoolfolk@sjmercury.com <
>mailto:jwoolfolk@sjmercury.com> or (408) 278-3410.


FYI,  I am discussing contract issues w/ these guys.  Can you e-mail me the
confirm on this deal?

Thanks!!!!!!!!!!!!!!!

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


try this.  thanks.

Mat


As I reported to you from Irvine on Friday, I attended the hearing conducted by Senator Dunn in Irvine, California. It was sound bite city, with no good press for any generator or marketer.  At the outset of the hearing Sen Dunn stated that his committee had been in lengthy discussions regarding confidentiality issues with the generators, without success, and that they would be sending out subpoenas for records starting on Monday(today) and that the production of documents from Cal ISO was to start last Friday.  Sen Dunn spent much of the day making his public record , posturing about the difficulty of getting any documents from any generator or marketer because of claims of confidentiality, and how unresponsive FERC has been. He got the FERC lawyer, Robert Pease, to testify that any confidentiality afforded to the bid data at Cal ISO under the FERC tariff would end after 6 months. As you undoubtedly read, the PUC chairwoman had nothing good to say about the generators. Since the subpoenas will probably be forthcoming shortly, do we want to have a conference call of the group to discuss what transpired at Friday's hearing ? I am interested in knowing  how everyone intends to proceed in response to any subpoenas from the Committee,particularly after the failed efforts with the protective order. Please call me if we have not talked by phone when you get this.

The information contained in this e-mail message and any accompanying documents is subject to the attorney-client privilege and/or the attorney work product rule and is confidential business information intended only for the use of the individual or entity named above.  If the reader of this message is not the intended recipient or representative of the recipient, you are hereby notified that any dissemination of this communication is strictly prohibited.  If you have received this communication in error, please notify the Systems Administrator at admin@pkns.com and immediately delete this message from your system.


What wine tasting?

	Nancy Sellers <Nancy.Sellers@RobertMondavi.com>
	05/15/2001 06:19 PM

		 To: Cameron <cameron@perfect.com>, Jeff Dasovich <Jeff_Dasovich@enron.com>,
"Prentice @ Berkeley" <PSellers@haas.berkeley.edu>, Prentice Sellers
<PSellers@pacbell.net>, Scott Laughlin <scottwl@hotmail.com>
		 cc:
		 Subject: Wine tasting

For our wine tasting at the dome, I am assuming that Cameron and Scott will
want to do Byron Pinot and Byron Chard.  I will probably do RMW.  Jeff and
PP - do you have any ideas or requests that I could help you with?

Nancy
(707) 251-4870 (phone)
(707) 265-5446 (fax)
"Plus je bois, mieux je chante"


After researching the position further, I am very much interested in formally
applying to work in Deal Control. I have spoken with Jeff Richter, Val Sabo,
and Carla Hoffman about the requirements and responsibilities of the job, and
I have a good understanding of the kind of candidate they're looking for. I
feel I fit that profile and am excited by the challenge it presents.

I have also spoken with Mollie Gustafson and Chris Calger, who have given me
their support in pursuing another opportunity within the company. (Although
they would be understandably heartbroken.)

Please let me know at your earliest convenience how to proceed in applying
for this position. Thank you for your help, Amy.

Kate


Attached is a Blakes summary of the Market Surveillance Administrator's
report on Power Pool of Alberta Prices regarding its impact on Project
Stanley.

Regards,
Peter

---------------------- Forwarded by Sharon Crawford/CAL/ECT on 11/06/2000
09:01 AM ---------------------------

"PAT MCGUINNESS" <pat.mcguinness@blakes.com> on 11/03/2000 11:31:29 AM
To: "GLENN LESLIE" <glenn.leslie@blakes.com>, "MARK MORRISON"
<mark.morrison@blakes.com>, "WEB MACDONALD" <web.macdonald@blakes.com>,
<Peter.Keohane@enron.com>
cc:
Subject: LESLIE, MACDONALD & MORRISON (MARKET SURVEILLANCE ADMINISTRATOR'S
REPORT.DOC

See attached memo.

 - LESLIEMA.DOC


Dear Pricing Issues Task Force Members,

The attached documents contain the additional price analysis that Andrew
Hartshorn agreed to provide at the September 19, 2001 Pricing Issues Task
force Meeting.

Regards,
Monica Ryan-Taber
518-356-6222

(See attached file: BME_SCD_Load_Compare_Values.pdf)(See attached file:
BME_SCD_Op_Res_Compare_Values.pdf)
 - BME_SCD_Load_Compare_Values.pdf
 - BME_SCD_Op_Res_Compare_Values.pdf


Hi Everyone,
    Just a quick note to let you know that I have gotten a lot of different cars in over the last 6 months and if you need a part let me know as I may have it now.
Thanks,
Clarkson Cougars
642 Simmons Trail
Green Cove Springs, FL  32043
(904) 291-7859 after 3pm


Information Security World E-NEWS
http://www.informationsecurityworld.com

Tuesday 30th October 2001

Welcome to Information Security World e-news. We advise our readers that your weekly e-news will now be delivered on Tuesday.

This week, we feature our exclusive streamed interview with David Ticoll, Chief Strategist Itemus. Mr Ticoll discusses how organisations can reduce costs and innovate during the economic downturn. To view, go to:
http://www.informationsecurityworld.com/Tmpl/ArchTV.asp?CID=16

Eva Iles, Editor Online Communications
mailto:eva.iles@terrapinn.com

***SPOTLIGHT***
XP 'SECURE' REGISTRATION PROCESS ALREADY THWARTED
Crackers have already thwarted Microsoft XP's registration process for Windows XP according to British security company Bit Arts Labs.
http://www.informationsecurityworld.com/Tmpl/article.asp?CID=16&AID=9506&TCode=NW

***INDUSTRY NEWS***
WORM WARNING: DO NOT RUN ANTS 3.0 E-MAIL
A new worm is arriving by e-mail disguised as a helpful trojan clean-up tool.
http://www.informationsecurityworld.com/Tmpl/article.asp?CID=16&AID=9505&TCode=NW

POORLY CONFIGURED ROUTERS MEAN SURGE IN D-DOS
Carnegie Mellon University has released a report, which says the widespread use of poorly configured routers has opened the door to an 'imminent' spate of attacks that could slow Internet traffic.
http://www.informationsecurityworld.com/Tmpl/article.asp?CID=16&AID=9423&TCode=NW

TERRORISM LAWS TIGHTEN AT THE EXPENSE OF PRIVACY
The US senate has approved legislation expanding the authority of federal investigators to monitor the Internet and phone activities of suspected terrorists, and President Bush intends to sign.
http://www.informationsecurityworld.com/Tmpl/article.asp?CID=16&AID=9427&TCode=NW

XP DATA SCRUBBER CAUSES SECURITY AND PRIVACY CONCERN
Computer forensics experts are embroiled in a debate with security experts about whether default security features in Windows XP - designed to completely remove data from a computer - are a threat.
http://www.informationsecurityworld.com/Tmpl/article.asp?CID=16&AID=9393&TCode=NW

BIN LADEN 'TOAL' MASS-MAILING WORM WARNING
A new mass-mailing worm uses peoples' interest in Osama bin Laden to encourage people to open a malicious attachment, which will propagate to other systems and create a 'back door' on infected systems.
http://www.informationsecurityworld.com/Tmpl/article.asp?CID=16&AID=9408&TCode=NW

COMPAQ PERFORMANCE RESULTS REFLECT TOUGH TIMES
Compaq has reported a huge loss in the third quarter and predicts a difficult fourth quarter ahead.
http://www.informationsecurityworld.com/Tmpl/article.asp?CID=16&AID=9371&TCode=NW

VISA TEAMS WITH CYBERSOURCE FOR FRAUD DATABASE
Visa USA and CyberSource Corporation have announced the CyberSource Advanced Screen Enhanced by Visa, which they claim is the industry's most comprehensive fraud-detection service for dot coms.
http://www.informationsecurityworld.com/Tmpl/article.asp?CID=16&AID=9316&TCode=NW

***VIRUS ALERTS***
W.32Nimda.E@mm
http://www.informationsecurityworld.com/Tmpl/article.asp?CID=16&AID=9514&TCode=NW

W32.Klez.A@mm
http://www.informationsecurityworld.com/Tmpl/article.asp?CID=16&AID=9516&TCode=NW

W32.ElKern.3326
http://www.informationsecurityworld.com/Tmpl/article.asp?CID=16&AID=9517&TCode=NW

W32.Anset.Worm
http://www.informationsecurityworld.com/Tmpl/article.asp?CID=16&AID=9518&TCode=NW

--------------------------------------------------------------------------------------------------------------
***POLL***
Online or Bio terrorism: what's more likely?
Vote now!
http://www.informationsecurityworld.com/Tmpl/ArchPolls.asp?CID=16

Our latest poll has been running for a week, and so far the results have been close. Next week we will deliver the results of the poll, and bring a new issue to vote on. To suggest a poll question, please contact us - we'd love to hear from you!

***PORTAL DISCUSSION***
Our current topic is 'Back door laws: will they work?'
One reader has stated:
"This is and always will be a bad idea. Commerce needs the strongest possible encryption that is practical. Limiting encryption strength and putting in back doors is bad for business. With more and more commerce happening on the Internet, the only way forward is strong encryption and user authentication."

Speak up - or else you will never be heard!
http://www.isecworldwide.com/Tmpl/discussion.asp?CID=16&DID=58

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

UPCOMING INFORMATION SECURITY WORLD EVENTS:
ASIA 2002: 16-18 April 2002, Singapore International Convention & Exhibition Centre
Interested in the dynamic growth of the information security sector in Asia? Be at Information Security World Asia 2002, Asia's dedicated event to information security. Information Security World Asia 2002 is a veritable showcase of leading technologies such as PKI, firewalls, intrusion detection, access control, VPNS, authentication, identification, anti virus, biometrics and so much more. In addition, don't miss the high level conference with focused presentations on compelling IT issues.
http://www.informationsecurityworld.com/isec_asia2002/

LATIN AMERICA: 19-21ST June 2002, Mexico
The Information Security World technology exhibition is in a class of its own in Mexico. No other event can compete in size or degree of relevance to the information security industry. Information Security World Mexico has become recognised amongst both the dominant and niche players from the IT, telecommunications and smart card industries as one of the most cost-effective tools for reaching a very high-calibre audience.
http://www.isec-worldwide.com/isec_mexico2002/ingles/page1.htm

SYDNEY: 19-21ST August 2002, Darling Harbour, Sydney
Sydney Convention & Exhibition Centre
Information Security World Australasia is the region's only dedicated IT Security show that provides you with a proven, scalable and reliable marketing platform. The conference and exhibition delivers the professionals you want to meet - from senior decision-makers with purchasing power to the technical end users with influence. More sales, more profile, more market penetration! Call Chris Rodrigues on +61 2 9210 5756 or mailto:chris.rodrigues@terrapinn.com or visit http://www.isec-worldwide.com/isw_aus_2002.

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

Please forward any comments, queries or submissions to
mailto:informationsecurityworld@terrapinn.com

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Terrapinn publish a series of highly targeted b2b e-newsletters. They
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-----Original Message-----
From:  "Mar, Patricia S." <PMar@mofo.com>@ENRON
[mailto:IMCEANOTES-+22Mar+2C+20Patricia+20S+2E+22+20+3CPMar+40mofo+2Ecom+3E+40
ENRON@ENRON.com]
Sent: Friday, March 16, 2001 5:36 PM
To: Betty R. London; Bob Anderson; Bob Schwermann; Carl Eklund; Carlos
Garcia; Dan Pigeon; David Meyer; Dirk C. Minson; Don Wolfe; Edmond Chang;
Fred G. Yanney; Howard Weg; James E. Thompson; John Bremmer; John Klauberg;
John P. Melko; John S. Sholey; Kevin E. Smith; Laura Skidmore; Mar, Patricia
S.; Marc Barreca; Mark Gorton; Tribolet, Michael; Nolan Steiner; Patricia E.
Cooper; Richard N. Stevens; Sterling G. Koch; Thomas A. Freiberg, Jr.;
Timothy Bolden
Subject: Energy Suppliers Creditors Group e-mail addresses

Attached is a list I have made of the entities, representatives and e-mail
addressses of the people who have been attending our Energy Suppliers
Creditors Committee sessions.  Please note that I am missing the name and
e-mail address of any representative for PacifiCorp.
 <<1065472.doc>>

============================================================================

This message contains information which may be confidential and privileged.
Unless you are the addressee (or authorized to receive for the addressee),
you may not use, copy or disclose to anyone the message or any information
contained in the message.  If you have received the message in error, please
advise the sender by reply e-mail @mofo.com, and delete the message.
Thank you very much.

============================================================================

 - 1065472.doc


Please see the attached-

Eddie