?
?	VentureWire
	Monday, May 21, 2001		?
?	CONTENTS | COMPANIES | INVESTORS | ADVERTISE | TELL A FRIEND	VentureWire Index
		'VentureWire
		today: 713.9 ? +0.55%	?
?

		top stories

		  Beenz.com Cuts Staff Down To 30, CEO and President Step Down
		  EON Broadband Firm Gets $381M Debt & Equity in Round One
		  Telecom Provider Onsite Access Files For Chapter 11
		  InnovationsKapital Closes Fund 3 at $116 Million

		 UPCOMING EVENTS
		 Mobile Outlook 2001
		Just announced! Scott Fox, GSM Association, announced as keynote speaker.
Register to hear what he has to say!

		TODAY'S FEATURES
		All Bases Covered On An Aquisition Streak
		By Taran Provost
		After making two acquisitions in one week, All Bases Covered (ABC), an IT
consulting and outsourcing services company, said it will make more deals.
more>>

		Entrepreneurs and VC-backed company CEOs:
		* Where can you obtain FREE detailed information on the
		latest quarter'sventure funding by region, industry,
		round and stage of development?
		* Where are there FREE tools and templates for writing a
		business plan and securing venture funding?
		* And if you're a young tech company CEO, where can you
		hear other CEOs discuss the issues of the day?
		VISIT PricewaterhouseCooper's Entrepreneur Resource Center
		for this and more -->http://www.pwcerc.com

		Flatiron Shacks Up with Morgan; Major News at Carlyle
		By Daniel Boylan
		VC WORLD BATTERED BY GRIM NEWS  With America's markets continuing to wobble
in the background, reports of distress surfaced across the private equity
world last week. more>>

		FastVentures Going After More Capital
		By Jonathan Shieber
		FastVentures, the Budapest-based investment company looking to continue the
active investment pace it set for itself over its first year, is raising
additional capital for new investments, according to FastVentures co-founder
and managing director, Peter Fodor.  Founded in June 2000, the publicly
traded venture capital firm is closing a second funding from undisclosed
individual and institutional investors. more>>

		CGtime Raises $7 Million, Seeking Customers
		By Matthew Sheahan
		CGtime, a software development company that develops software engines for
marketing services, plans to announce today that it has raised a $7 million
Series A round. more>>

		SafeKey Seeking Seed Funding
		By Suzanne Segers Travers
		The challenges presented by online credit card fraud continue to lure new
entrants to the mini-sector of Internet payment security. more>>

		new money

		  Translation Company Link Up Mitaka Gets $7.2M Round One
		 Personal Communications Portal aTelo Raises $5M Series B
		  Elan Invests in Biopharmaceutical Firm Milkhaus Laboratory
		  Opinion Portal Dooyoo Lands $8.8M Third Round
		 Mindsense Biosystems Gets $2M from Future Capital
		  Rivio Connects with $12 Million in Fourth Round
		 Circles Lands $10 Million in Series D, Adds Lead to Board
		  Temasek Capital Launches Incubator InCube

		new products

		  Medschool.com Changes Name to Medsn

		m&a

		  Platinum Equity Merges Tesseract, Infocus Employee Services
		  DataMirror Acquires Technology, Assets of Bankrupt saipx

		new directors

		  Music Buddha Adds to Board
		  Ticketing Service Justarrive Adds Jack Kemp to Board

		new people

		  Wellogix Names President to CEO, Appoints New Chairman
		  EXP Systems Names New CEO

		vc fund news

		  Eagle One Launches to Invest with Newbury in Canada
		  $15 Million Ventureast TeNet Fund To Fund Chennai's ITT

		 TOP STORIES... NEW MONEY... NEW PRODUCTS... M&A... NEW DIRECTORS... NEW
PEOPLE... VC FUND NEWS

		top

		One More Hot Development-Mobile Outlook, June 5 & 6,
		San Francisco Airport Marriott

		Exciting, new presentation just added to the Mobile Outlook
		agenda. Anthony Alles, formerly of Shasta Networks
		(acquired by Nortel Networks for $340 million) is now back
		with a new venture called Tahoe Networks. Mobile Outlook will
		be the first time he publicly showcases their strategy for
		merging the worlds of data and mobility.

		This is just one example of the up 70 privately held
		companies to be showcased at Mobile Outlook. Don't miss out
		on the next big opportunity! Mobile Outlook is less than 3
		weeks away, so register:http://www.mobile2001.net/register.asp

		 top stories
		?
		Beenz.com Cuts Staff Down To 30, CEO and President Step Down
		 mail? top

		 LONDON (VENTUREWIRE) -- Beenz.com, which developed an online currency, said
it has cut its staff down to 30 from a high of 265 employees last year and
closed offices in Japan, Hong Kong, Korea, and Italy as part of a "cost
rationalization," restructuring process. A company spokesperson said a core
group will remain in the London and New York offices as the company looks for
a buyer or strategic alliance. Charles L. Cohen (CEO, CTO, and founder) and
Donald M. Maguire (president and COO) have both stepped down in an effort to
cut costs. CFO and director Stephen Limpe will now also assume the roles of
president and CEO. Over the past several months the company  had begun asking
employees in its U.K. office to volunteer to leave the company. In December
it laid off 28 people in its San Francisco and New York offices. At that time
the company began marketing its new "Beenzcodes", which provide online
incentives in traditional product packaging. The company spokesperson said
the beenzcodes product is cur! rently available in the UK, although there are
no customers yet. He said the company will not seek another round of funding.
Beenz  has raised $80 million to date.  Beenz.com's investors include Apax
Partners, Artemis Ventures, BayStar Capital, DRW Venture Partners, the
Gefinor Group, Hikari Tsushin Capital, ING Barings, Kataweb, New World
Cyberbase, Oracle Japan, Patricof & Co. Ventures, Softbank e-Commerce,
Sycamore Venture Capital, and Viventures Partners.
		http://www.beenz.com

		EON Broadband Firm Gets $381M Debt & Equity in Round One
		 mail? top

		 OXON, U.K. (VENTUREWIRE) -- EON Communications, a newly formed broadband
communications company, announced closing a GBP 265 million ($381 million)
first round of debt and equity financing. EON received a total of $158
million in equity financing. The round was co-led by Madison Dearborn
Partners with $82 million and TD Capital Communications Partners with $43
million. Other investors included Incepta Partners with $18.7 million and GE
Capital Telecom with $14.4 million. TD Securities and the Bank of Scotland
arranged syndicated debt financing of $223 million. Madison Dearborn and TD
Capital are both represented on EON's 11-member board of directors. EON
currently employs an eight-member management team and plans to employ 240 by
the end of 2002. The company said the financing will be used to lay its cable
network in Southwest Scotland and Northwest England and commercially launch
its services within six months. EON intends to provide digital interactive
television, fixed line voice telephony, Inte! rnet access, and high-speed
data services to 325,000 residential customers and 25,000 business customers.
The company also said it expects to reach cash flow positive in the beginning
of 2003. EON also said it was financially advised by Carol O'Connor of CEA
International in London and received legal counsel from Ted Mercer of Taylor
Johnson & Garrett in London. Telephone 44-186-548-7120

		Telecom Provider Onsite Access Files For Chapter 11
		 mail? top

		 NEW YORK (VENTUREWIRE) -- OnSite Access, an integrated communications
provider that serves small- and medium-sized business customers within
multi-tenant commercial office buildings, said it filed for Chapter 11
bankruptcy. A company spokesperson said the company filed in an effort to
reorganize the company. "We are entertaining serious interest from several
third parties," said the spokesperson, "and taking proposals for Onsite's
assets and business and maybe customer base." The company announced last week
it laid off 158 employees from its 240 member staff, attributed to a lack of
available capital rather than problems with the company's business model.The
spokesperson said the company will continue offering its services to its
current customers' services and has not made any additional layoffs. An
OnSite spokesperson said the bankruptcy and layoffs did not affect the
company's Canadian unit, OnSite Access Canada Holdings, a joint venture with
Oxford Properties. OnSite Access' b! ackers include AT&T Ventures, Crosspoint
Venture Partners, Frontline Capital Group, J.P. Morgan Capital, Microsoft,
Spectrum Equity Investors.
		http://www.onsiteaccess.com

		InnovationsKapital Closes Fund 3 at $116 Million
		 mail? top

		 STOCKHOLM (VENTUREWIRE) -- Swedish venture capital firm InnovationsKapital
said it closed new fund InnKap 3 at EUR 132 million ($116 million), exceeding
the original target of $105.6 million. Previous limited partners in
InnovationsKapital, including Bure Equity, European Investment Fund, Merita,
and SEB, subscribed to more than half of the fund. Bure Equity provided 22%
of InnKap 3. New limited partners, the majority of which are international
fund managers, include Oxford University, Chalmers University of Technology,
Exteorel, and New Wave Funds. The firm began fundraising in late October
2000, and had a first close of about $105.6 million in April 2001. Over a
period of three years, InnKap 3 will invest approximately EUR 5 million in
roughly 25 early-stage companies in information and communication technology,
healthcare, and life sciences. The fund will seek to lead Series A rounds or
to co-invest with other international venture capital firms. InnKap 3 will
also make follow-on investments. Terms! of the fund are the same as for the
previous two InnKap funds: 20% carry and 2.5% management fee. Six investment
professionals currently manage the fund and the firm expects to add a
seventh. InnKap 1 raised $17.6 million in 1997, and InnKap2 raised $30.8
million in 1999. Neither fund continues to invest in new companies, but both
maintain reserves for follow-on financing. InnKap 1 invested in 17 companies,
seven of which have exited. InnKap 2 has a portfolio of 12 companies, some of
which are near cash flow positive. InnovationsKapital has over $166 million
under management.
		http://www.innkap.se

		 new money
		?
		Translation Company Link Up Mitaka Gets $7.2M Round One
		mail? top

		 LEEDS, U.K. (VENTUREWIRE) -- Aberdeen Murray Johnstone Private Equity said
it invested GBP 5 million (USD $7.2 million) in the first round of funding
for Link Up Mitaka, which operates a language translation Web site and
software company. Link Up will use the funding to expand its translation
services for software and Web sites for multi-national companies. Link Up
Mitaka also operates the translation Web site, TheBigWord.com. Link Up was
established in 1980 by its managing director Larry Gould, initially for the
corporate clients of Link Up Recruitment, a temp agency Mr. Gould sold in
1996. In 1999 Link Up acquired Mitaka to expand the company's language
translation capabilities in the Far East.
		http://www.thebigword.com

		Personal Communications Portal aTelo Raises $5M Series B
		 mail? top

		 ARLINGTON, Va. (VENTUREWIRE) -- aTelo, an enhanced communications service
platform vendor, said it raised $5 million in a Series B financing led by
Lazard Technology Partners, with participation from Schoffstall Ventures and
previous investor Draper Atlantic Management. The company will use the funds
for international sales and marketing, as well as for the expansion of its
services platform and the development of new applications. In April 2000,
aTelo raised $2 million in its first round of funding from Draper Atlantic
Management.
		http://www.ateloinc.com

		Elan Invests in Biopharmaceutical Firm Milkhaus Laboratory
		 mail? top

		 PROVIDENCE, R.I. (VENTUREWIRE) -- Milkhaus Laboratory, a private clinical
stage biopharmaceutical company, said Elan, a pharmaceutical company, has
made an undisclosed equity investment in the company. The two companies
formed a partnership in January of 1999, which allowed Milkhaus to license
its broad patent estate on the use of beta amyloid to treat central nervous
system disorders to Elan. The company would not say how much funding it has
raised to date, but said that it has also secured financing from Aurum
Venture Fund.
		http://www.milkhaus.com

		Opinion Portal Dooyoo Lands $8.8M Third Round
		mail? top

		 BERLIN (VENTUREWIRE) -- Dooyoo, a pan-European opinion portal for consumers
to post product and service reviews, said it closed a EUR 10 million ($8.8
million) third round from new investors CNET Networks and Syntek Capital, and
previous investors 3i and Earlybird Venture Capital. The company said the
funding would be used for product development and to expand its market
research services. Dooyoo said it expects to be profitable in the fourth
quarter of this year. The company also said its post-money valuation was
calculated as five times the company's projected revenues for 2001. With
revenues expected to be between $7 million and $8.8 million, the valuation is
between $35 million and $44 million. To date, the company raised $29 million
in three rounds.
		http://www.dooyoo.de

		Mindsense Biosystems Gets $2M from Future Capital
		 mail? top

		 REHOVOT, Israel (VENTUREWIRE) -- Mindsense Biosystems, which develops blood
tests to diagnose mental disorders using proteomics and functional genomics
technology, announced it has secured a $2 million investment from new
investor Future Capital (a German life sciences fund) as part of a $12
million Series C round. Investment bank Mesiro Financial is managing the
round. Rainer Henning of Future Capital will join the board of directors.
Mindsense has raised a total of $7.5 million from Biomedical Investments,
Comsor Investment Fund, Mazam Capital Funds Management, and Shamrock Holdings
of California.
		http://www.mindsense.com

		Rivio Connects with $12 Million in Fourth Round
		mail? top

		 SANTA CLARA, Calif.  (VENTUREWIRE) -- Rivio, which provides an online
platform for small businesses, said it closed its fourth round at $12 million
from previous investors Accenture Technology Ventures, Bank of America,
Opportunity Capital Partners, and Softbank Venture Capital. The company said
the new funding would be used to continue growth and take the company to the
break even point in the middle of 2002. To date, Rivio has raised $61 million
in four rounds from Accenture Technology Ventures, Bank of America,
BellSouth, Internet HealthCare Group, Marsh & McLennan Capital, Opportunity
Capital Partners, Softbank Venture Capital, and VerticalNet.
		http://www.rivio.com

		Circles Lands $10 Million in Series D, Adds Lead to Board
		 mail? top

		 BOSTON (VENTUREWIRE) -- Circles, which delivers concierge and personal
assistance services, said it raised $10 million in its third round from new
lead investor Hearst Interactive Media, new investor Axxon Capital, and
return investors TL Ventures and Trident Capital. The money will be used for
operations and expanding market position. Ken Bronfin, senior vice president
of Hearst, becomes the eighth member or the board. He joins Bob Keith,
managing partner of TL Ventures; Peter Meekin, managing director of Trident
Capital; Phyllis Swersky, president of The Meltech Group; Bob Schechter, CEO
of Natural Microsystems; and Jenne Britell, chairman and CEO of Structured
Ventures. Co-founder Janet Kraus is the company's CEO. Founded in 1997,
Circles has raised $26.8 million to date. Circles is advised by the Boston
office of Foley Hoag & Eliot.
		http://www.circles.com

		Temasek Capital Launches Incubator InCube
		 mail? top

		 SINGAPORE (VENTUREWIRE) -- Temasek Capital, the direct investment arm of
Temasek Holdings, announced it has launched inCube, an incubator that will
invest in companies developing wireless communications, application services,
enabling software, artificial intelligence, and speech technology. Temasek is
the only owner of inCube Singapore, while inCube facilities in Chennai and
Shenzhen are joint ventures with other partners. Investments will range from
$100,000 to $5 million and each company will remain with the incubator for
between six and 18 months. inCube may make follow-on investments after the
seed stage and is prepared to hold majority ownership of companies if
necessary. The incubator currently has a staff of seven with three in
Singapore; three in Shenzhen, China; and one in Chennai, India. inCube has
invested SGP7 million ($3.9 million) in eGurkha, a monitoring software
company based in Singapore with subsidiaries in India and the U.S. inCube has
also invested $1.1 million in Bijitec, which d! evelops software that enables
handwritten messages to be edited and transmitted. Telephone 65-320-0771

		 new products
		?
		Medschool.com Changes Name to Medsn
		 mail? top

		 CULVER CITY, Calif. (VENTUREWIRE) -- Medschool.com, a provider of online
training for healthcare organizations and professionals, announced that it
has changed its name to Medsn. The company, whose services are deployed by
companies in the pharmeceutical, medical device, healthcare communications
fields as well as  healthcare risk management companies for corporate
training and professional medical education, said that it will relaunch its
Web site in accord with the new corporate identity. To date, Medsn has raised
approximately $38 million from Delphi Ventures, GE Equity, Leeds Equity
Partners, and Patricof & Co. Ventures.
		http://www.medsn.com

		 m&a
		?
		Platinum Equity Merges Tesseract, Infocus Employee Services
		 mail? top

		 SAN FRANCISCO (VENTUREWIRE) -- Platinum Equity Holdings, a private equity
firm, announced that two of its portfolio companies, Tesseract and Infocus
Employee Services, have merged. Tesseract provides Web-enabled human resource
software, and Infocus is a human resource ASP that uses the Tesseract system
as the platform for its services. The combined entity will provides both
human resources management systems and outsourced services as an application
services provider. Mary T. Kohler, the current president and CEO of
Tesseract, will head the newly combined operations, and all other Tesseract
and Infocus management staff will remain in their current positions. Platinum
Equity specializes in the acquisition and operation of global technology
companies. Platinum has acquired more than 25 companies.
		http://www.peh.com
		http://www.tesseract.com

		DataMirror Acquires Technology, Assets of Bankrupt saipx
		 mail? top

		 TORONTO (VENTUREWIRE) -- DataMirror, a publicly traded provider of
enterprise application integration software, announced it has purchased the
technology and certain related assets of saipx, which provided wireless
gateway technology for mobile automation. Terms of the all-cash transaction
were not disclosed; the acquisition will be accounted for under the purchase
method. A. Farber and Partners served as a receiver for saipx, which filed
for bankruptcy approximately two weeks ago. About 11 members of the former
saipx staff have joined DataMirror. saipx was backed by Royal Bank of Canada
and RT Capital.
		http://www.datamirror.com

		 new directors
		?
		Music Buddha Adds to Board
		 mail? top

		 SAN FRANCISCO (VENTUREWIRE) -- Music Buddha, which provides music
recommendations based on user preferences, said Martin Hall has joined as the
third member of board of directors. He is the current chief technology
officer of Stardust.com, part of Penton Media's Internet Media Group. The
board also includes Thomas Dolby Robertson, founder and CEO of Beatnik, and
Mitch Ferguson, vice president of Vitria Technology. Music Buddha's executive
team includes chairman, co-founder, president, and CEO John Adams and chief
operating officer, Murray C. Nixon. The company is funded by individuals.
Music Buddha is currently raising a bridge round of between $800,000 and $2
million, which it expects to close this summer. Since its launch in June
1999, it has raised approximately $8.05 million.
		http://www.mubu.com

		Ticketing Service Justarrive Adds Jack Kemp to Board
		 mail? top

		 SAN FRANCISCO (VENTUREWIRE) -- Justarrive, a provider of electronic
ticketing and marketing services for the sports and entertainment industry,
said it named Jack Kemp, co-director of Empower America and former Republican
vice presidential candidate to its board of directors. He becomes the fifth
board member. Mr. Kemp served as secretary of Housing and Urban Development
and as a member of the House of Representatives after playing professional
football for 13 years. He currently serves as vice president of NFL
Charities. Justarrive raised a $5 million Series A round of funding last June
with Mohr Davidow Ventures as the lead investor. The company said it is
currently  raising a Series B round of financing.
		http://www.justarrive.com

		 new people
		?
		Wellogix Names President to CEO, Appoints New Chairman
		 mail? top

		 HOUSTON (VENTUREWIRE) -- Wellogix, a provider of workflow process
improvement and collaborative Internet technology for the oil and gas
industry, said that its chief executive officer Jeff Livesay has stepped down
from his post, and Zeke Zeringue, the company's president, has been named
named to the position. Mr. Livesay, who is also the company's co-founder,
will remain active on its board, but will not participate in the day-to-day
operations of the company. He will remain on the company's board as vice
chairman, sharing the title with co-founder John Chisholm, who has been
demoted from the chairmanship. Wellogix said director Fred Weber, a partner
at The Wolpin Company, will now serve as the company's new chairman. Wellogix
is backed by the Beacon Group Energy Investment Fund II, Andersen Consulting,
Battery Ventures, Burlington Resources, SCF Partners, TechQuest Capital
Partners, and Weatherford International.
		http://www.wellogix.com

		EXP Systems Names New CEO
		 mail? top

		 MENLO PARK, Calif. (VENTUREWIRE) -- EXP Systems, a provider of enterprise
software, said it named Mark Wright as president and CEO. Mr. Wright replaces
company founder, Mark Benning, in the role of CEO. Mr. Wright comes to the
company from IBM, where he served as VP of software sales and marketing. He
also served as executive vice president of worldwide sales for OneChem, an
application service provider in the chemical industry. Mr. Benning will
continue to serve as chairman of the company. EXP's product enables customers
to connect in real time with company agents or industry professionals who can
answer questions and deliver services. In March, the company laid off about
25% of its staff, or about 24 employees. Before this most recent round of
cuts, it laid off 17 people. The company is backed by Ask Jeeves, Bessmer
Venture Partners, Bowman Capital, CMGI@Ventures, J. & W. Seligman, Maveron,
meVC Draper Fisher Jurvetson, and Oracle Ventures.
		http://www.exp.com

		 vc fund news
		?
		Eagle One Launches to Invest with Newbury in Canada
		 mail? top

		 OTTAWA, Canada (VENTUREWIRE) -- Eagle One Ventures, a newly formed venture
firm, announced the company's launch to assist local networking and telecom
infrastructure equipment companies in raising venture financing. Eagle One
will not have a specific fund, but will represent the Orinda, Calif.-based
Newbury Ventures in Canada and will also work with Ventures Coaches, an
Ottawa-based firm funding idea-stage photonics and wireless companies. Eagle
One will be fielding investments for Newbury's $250 million third fund that
closed in April, and Newbury will invest up to $25 million in seed and early
stage companies through Eagle One. Ken Wigglesworth and Conrad Lewis, both
former executives at Newbridge Networks, are the founding partners at Eagle
One Ventures and are also new venture partners at Newbury Ventures, which has
$600 million in assets under management and offices in the Silicon Valley and
Paris. Telephone (613) 271-1005.

		$15 Million Ventureast TeNet Fund To Fund Chenna's ITT
		 mail? top

		 CHENNAI, India (VENTUREWIRE) -- Ventureast Capital announced the launch of
the $15 million Ventureast TeNet Fund to fund research coming out of the
Indian Institute of Technology in Chennai, India. The fund will invest
anywhere from $200,000 to $5 million in the seed and early stages of
telecommunications and networking companies. Ray Stata, co-founder and
chairman of Analog Devices in Norwood, Mass., invested $10 million in the
fund. Sarath Naru, a partner at Ventureast, will be managing the fund. The
firm said it was currently in discussions with two companies for future
investments. Telephone 91-984-101-5857
		http://www.analog.com

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			?


Here it is!

Jan Moore
X53858


----- Forwarded by Jeff Dasovich/NA/Enron on 03/30/2001 06:41 PM -----

	Jean Munoz <jmunoz@mcnallytemple.com>
	03/30/2001 01:31 PM

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

FYI, if you haven't already seen this, Congressional Democrats on the
Commerce Committee are leading an effort to send the attached letter to
President Bush.

Thanks,
Jean

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

______________________________________________________________________________
____
>     The Californian Members of the Energy and Commerce Committee, Reps.
> Waxman, Eshoo, Capps, and Harman would like to encourage the Caucus to
> sign the attached letter to the President urging the President to
> intervene at FERC.  The letter asks the President to support the
> Governor's request regarding wholesale electricity sales this summer and
> to investigate recent allegations of overcharges.
>
>                         March 29, 2001
>
>     The Honorable George W. Bush
>     The President
>     The White House
>     Washington, DC
>
>     Dear Mr. President:
>
>         We are writing because our constituents and millions of
> Americans across the West need your intervention at the Federal Energy
> Regulatory Commission (FERC) in order to address serious problems with the
> Western energy market.
>
>         As you know, California has been experiencing an electricity
> crisis that has resulted in blackouts throughout the state, inconvenienced
> millions of citizens and businesses, and disrupted the state's and
> region's economy.  Indeed, this crisis seriously threatens to cause
> long-term damage to the economy of California, the Western region, and
> perhaps the entire country.
>
>         The crisis is the result of a dysfunctional energy market
> where wholesale prices of electricity have spiked exorbitantly.  For
> example, wholesale prices on December 15, 2000, ranged from $429 per Mwh
> to $565 per Mwh, compared to prices from $12 per Mwh to $29 per Mwh one
> year earlier.  Wholesale prices have jumped as high as $1400 per Mwh.  In
> fact, the California Independent System Operator (ISO), the state's power
> grid operator, has projected that electricity which cost $7 billion in
> 1999 will cost $70 billion this year.  These skyrocketing prices can only
> partly be explained by natural gas price increases and increased energy
> demand.
>
>         These exorbitant price spikes have led FERC Commissioner
> William L. Massey to state on February 8, 2001:
>
>         These high prices serve only to continue a massive wealth
> transfer out of the region.  Is it worth dragging down an entire regional
> economy, or perhaps even the national economy, for the theoretical purity
> of unfettered price signals?  I say no.  I call on my fellow commissioners
> to consider a time out now.  It's our statutory obligation. . . .  FERC's
> timidity  and hands-off approach is eroding consumer confidence and
> destroying the consensus that heretofore supported a market based
> approach.
>
>
>         The dysfunctional nature of the market has apparently
> allowed it to be manipulated.  The California ISO last week presented FERC
> with findings of a comprehensive study of pricing data in California's
> wholesale electricity market over the last 10 months.  According to the
> Los Angeles Times, the ISO's study found "evidence of market manipulation
> and consistent patterns of bidding far above costs" and that "suppliers
> commonly offered electricity at twice their costs."  The ISO has estimated
> the cost of the potential overcharges between May 2000 and last month are
> high as $6.3 billion.
>
>         Unfortunately, FERC actions have fallen far too short.  To
> date, FERC has not aggressively worked to address market manipulations,
> despite finding last fall that wholesale prices were not "just and
> reasonable."  Nor is FERC apparently willing to seriously consider
> addressing runaway wholesale rates.
>
>         The state of California is taking heroic measures, but this
> is an issue California cannot address alone.  In a February 28, 2001,
> meeting with the California delegation, FERC Chairman Curt Hebert
> confirmed the widespread understanding that the California market is not
> working.  He called the California market "broken," and acknowledged the
> regional problems posed by the market.  Additionally, Chairman Hebert
> stated that "I don't think there is any way California can pull itself out
> of this thing alone."  As Mr. Hebert knows, California has no authority
> over wholesale electricity sales.  These sales fall solely within the
> jurisdiction of the federal government.
>
>         Despite FERC's recognition that California cannot address
> this problem alone, FERC seems unwilling to assist California and the
> West.  FERC's March 9th order sets the arbitrary expectation that unjust
> and unreasonable prices cannot occur in the absence of a Stage 3
> Emergency.  Energy economist Severin Borenstein has stated that this
> expectation "defies economic logic."  The March 9th order is also
> inconsistent with FERC's December 15 order and ignores the fact that when
> market power exists, prices can be unreasonable even when supply is not
> within 1.5% of demand.
>
>         Mr. President, you have the authority to rein in the impacts
> of this dysfunctional market and protect the citizens of California from
> exorbitant wholesale price spikes.  In October 2000, when you were in
> California, you stated, "I believe so strongly that part of this region is
> going to suffer unless you have a president who is willing to tell the
> FERC to do what is right for the consumer."  Now, we are respectfully
> calling upon you to do just that.
>
>         This is not a partisan issue.  At the Western Governors
> Association meeting in early February, eight Western governors -- three
> Democrats and five Republicans -- requested that the Administration
> immediately impose wholesale price caps throughout the region.  Governor
> Davis of California, Governor Kitzhaber of Oregon, and Governor Locke of
> Washington have now reiterated this request to FERC with a short-term
> pragmatic proposal that will preserve adequate incentives to attract
additional generation.
>
>         We believe that electricity generators should make a
> reasonable profit and that these profits should be sufficient to encourage
> the development of needed generation.  Federal action to temporarily
> intervene in California's failed wholesale market can accommodate these
> needs.  Governors Davis, Kitzhaber, and Locke have referenced Commissioner
> Massey's suggestion of a temporary cost-based price cap on spot market
> sales in the Western interconnection, combined with an exemption for new
> generation sources to ensure that new sources of energy are encouraged.
> Such an approach could reinstate consumer confidence in wholesale sales,
> ensure generators receive sufficient market signals, and prevent future
economic hemorrhaging in the West.

        Mr. President, we request that you help protect California's
economy, and indeed that of the Western region and the nation.  Please
support the Governors' request on wholesale rates, investigate the recent
allegations of overcharges, and act to prevent a dysfunctional electricity
market from damaging our constituents and a major engine of the nation's
economy.

                        Sincerely,


Paul,

As we discussed, here's some suggested language for insertion into the DPC LNG Fuel Management Team's monthly progress report to the LNG suppliers.  All of this has already been disclosed by DPC/Greenfield or is otherwise public information.  I'm copying the DPC Legal Team on this in the event they have any additional comments.

Please call if you have any questions or comments.

Kind regards,
Dan

________________________________________________________________
EPC Contracts
On June 17, 2001, Bechtel International, the contractor responsible for the construction of the Phase II Power Plant, and Lingtec Constructors, the contractor responsible for the construction of the LNG Facilities, terminated their respective construction contracts with Dabhol Power Company (DPC) due to non-payment.  Since that date, DPC has assumed control of the Phase II and LNG works and is presently undertaking pre-preservation activities.
DPC's Phase II construction permit expired as of June 30, 2001.  DPC's application for renewal is now pending with the Maharashtra Pollution Control Board (MPCB).
LNG Vessel Construction

Construction of the LAKSHMI is proceeding on schedule, with 98% completion to date.  Sea and gas trials are scheduled to occur as planned later this summer, and delivery of the vessel is expected to occur on November 15, 2001.  Greenfield Shipping Company's lenders recently suspended further  credit facility funding.  Greenfield, its sponsors and the vessel lenders are presently discussing, among other things, funding issues relating to the remaining shipbuilding contract instalment that will become due on delivery of the vessel.


This is an automatic confirmation of the request you have placed using IT
Central.

Request Number:   ECTH-4UJN5L
Order For:               Mitra Mujica

1 x ( OPTION: 128MB UPGRADE FOR DESKPRO EN 6600     $63 )
1 x ( Standard Desktop     $905 ) Enron IT Purchasing

*Please send all status inquiries regarding this request to:
mailto:receiving&hardware@enron.com


Either the location, or the number of locations has changed on revision number 15. The hedge associated with this deal needs to be re-evaluated.


MEMORANDUM

TO: Regulatory Affairs Committee
       Power Marketers Working Group

FROM: Joe Hartsoe, Regulatory Affairs Committee Chair
            Bob Reilley, Power Marketers Working Group Chair
            Julie Simon, Vice President of Policy
            Erin Perrigo, Manager of Policy

DATE: March 26, 2001

RE: EPSA Draft Comments on NYISO Market Mitigation
      Measures
      ? Filings Due on Friday, March 30th

The New York Independent System Operator, Inc. (NYISO) has filed requests to
extend both its Temporary Extraordinary Procedures (TEP) for Correcting
Market Design Flaws and Addressing Transitional Abnormalities (Docket No.
ER01-1489-000, comments due March 30, 2001), and its current bid caps for
certain NYISO markets (Docket No. ER01-1517-000, comments due April 2, 2001)
for an additional 18 months.  The ISO also filed a Notice of Withdrawal of
its October 20, 2000 filing in ER01-181-000, and introduced its intent to
implement a circuit breaker mechanism under its current Market Mitigation
Plan, as approved by FERC (comments due March 30, 2001).

Attached are EPSA's draft comments in response to all three cases.  The draft
focuses on the use of price correction mechanisms and the unintended, yet
harmful, consequences on the market such as limiting market entry, slowing
the development of risk mitigation tools, and undermining demand-side
response.  EPSA's comments also argue that the NYISO should make an official
filing to the Commission introducing its circuit breaker proposal under o205
or 206 of the Federal Power Act.

Please review the attached draft and forward any comments or suggestions to
Erin Perrigo at EPSA at 202-628-8200 or eperrigo@epsa.org as soon as
possible.  Comments must be filed by March 30th.   We will discuss the draft
comments on our conference call this Wednesday , March 28th, at 2:00 p.m.
(EST). To access the call, dial 1-800-937-6563.  Ask for the Julie Simon/EPSA
Call.

Attachment

 - NYISO Consolidated Market Mitigation Filing.doc


Please go to clickathome.enron.com, sign in, then go to internet options.
When you get to the internet options page then you can check qualification.
The following page is what you will see.  Click on qualify me ofr MSN. Let us
know if you need further assistance.

	From:  Sally Beck @ ECT                           02/20/2001 06:13 PM

To: clickathome@enron.com
cc:

Subject:

E:mail messages says to check website to determine whether or not DSL is
available at my home.  However, I don't see a spot on the website to check
that information.  Can you provide more details?


Pact With PG&E Eluding Governor
Power: Davis says obstacles include a debt that is double Edison's. Others
cite an aggressive corporate culture as an impediment to state purchase of
grid.
By DAN MORAIN, NANCY RIVERA BROOKS, Times Staff Writers

?????WASHINGTON--As he attempts to finalize a settlement with Southern
California Edison, Gov. Gray Davis said Monday that his effort to rescue a
more recalcitrant Pacific Gas & Electric has been short-circuited by issues
far more difficult than those raised by the state's other two ailing
utilities.
?????PG&E's debt could be as much as $8 billion, Davis indicated--twice the
red ink of Edison, which Friday reached a preliminary agreement to sell its
transmission lines to the state for $2.76 billion to pay off some of its
staggering debt. Davis acknowledged that the Edison deal would mean nothing
unless he was able to reach a twin pact with PG&E.
?????Seasoned utility watchers see PG&E's stubborn negotiating posture as
partly a bargaining ploy and partly the result of underlying business issues
at the San Francisco company.
?????Some cite a more aggressive corporate culture at PG&E than at Edison
that has left PG&E alone on a precarious pinnacle, with bankruptcy on one
side and partial dismembering by the state on the other.
?????Brian Youngberg, senior utility analyst with the Edward Jones investment
firm in St. Louis, said PG&E "has historically pushed the envelope more in
certain situations and that probably reflects their corporate culture.
They're just sticking to their guns."
?????While Edison appears to have rejected bankruptcy law protection as an
option, PG&E has not.
?????Although Davis did not specify the size of PG&E's debt, he said it is
"more than twice the size of Southern California Edison's." As part of the
deal between Davis and Edison, both sides agreed that the utility's debt is
about $4 billion, sources close to the talks have said.
?????"We are making progress" with PG&E, said Davis, attending the annual
National Governors Assn. conference in Washington, D.C. "I want people to
understand it is a far more complicated transaction. . . . It is just going
to take a little longer."
?????Officials at PG&E and its parent, PG&E Corp., declined to publicly
discuss the company's stance, citing the sensitivity of the negotiations.
Company spokesman Ron Low said only that "we expect to meet again this week.
There was no time or date set yet."
?????San Francisco lawyer Michael Kahn, one of Davis' energy advisors, said
the parties "had contact over the weekend" but he declined to elaborate.
?????"We in the governor's office would very much like to reach arrangements
with them and don't want to say anything in public that spoils the
negotiations," he said.
?????PG&E's hard-nosed bargaining stance is no surprise to Wall Street
analysts and consumer advocates who have watched the utility's aggressive
moves to shed its hydroelectric system, now blocked by state law, and to
recoup past electricity and other costs.
?????"It could be a negotiating tactic," said Lori Woodland, an analyst with
Fitch Inc., the credit-rating firm that was the first to drop PG&E and
Edison's debt to junk bond status.
?????"PG&E has the largest piece of the pie" in terms of uncollected
electricity costs, Woodland said. "It could also be just the thought of
having to sacrifice their assets to pay for what ended up being flawed public
policy."
?????Consumer advocate Michael Shames contends that PG&E might believe that a
bankruptcy judge would allow the utility to sell some assets and restructure
its debt in ways that would be preferable to anything the state is offering.
?????"On the other hand, if Edison and [San Diego Gas & Electric] do sign on,
then PG&E almost has to or risk the wrath of the governor and the Public
Utilities Commission for the next seven years," said Shames, executive
director of the Utility Consumers' Action Network in San Diego.
?????Edison is more comfortable in the role of regulated utility than is
PG&E, said Mike Florio, a lawyer with the Utility Reform Network in San
Francisco.
?????"PG&E really seems to hate PUC regulation and wants to get as far away
from it as it can, even if it means taking the company into the tank," said
Florio, who is on the governing board of the California Independent System
Operator, which runs the transmission grid owned by the three utilities.
?????The utilities have amassed more than $12 billion in debt as they paid
record sums for wholesale power last year, but were barred by state
regulators from passing those costs on to California consumers of
electricity.
?????The level of debt is a fundamental part of the negotiations between the
Davis administration and the three private utilities. At least part of that
debt ultimately will be passed on to consumers. While Davis says he opposes
rate hikes, his plan would restructure the rate system by propping up rates
in the coming years, even as electricity costs may fall.
?????Davis on Friday announced the outlines of an accord in which the state
would buy Edison's share of the transmission grid for $2.76 billion. He said
he hopes to make the deal final by week's end with Edison and Sempra, the
parent company of San Diego Gas & Electric.
?????Davis, meanwhile, is scheduled to meet today with U.S. Energy Secretary
Spencer Abraham to outline his plan to take over the transmission grid. The
Federal Energy Regulatory Commission must approve the state takeover of the
grid, and FERC Chairman Kurt Hebert has been quoted recently as being
skeptical of the plan.
?????"Some people in Washington see this as more of an ideological
statement," Davis said. "As a governor, I see it as a practical solution. . .
. Clearly, we have to persuade lots of people in Washington that what we're
doing is the right thing."
?????Davis expressed optimism that the Bush administration would approve the
transfer. Davis and other governors attending the conference met with the
president for about 45 minutes at the White House on Monday.
?????In his opening remarks, Bush repeated his desire to give the states more
authority, saying "real change comes from the states up."
?????Davis noted that he and other Western governors are hoping for federal
aid to overhaul the transmission and distribution systems for electricity and
natural gas system.
?????"If we're going to have a strong economy," Davis said, "we have to have
the electricity to power it."
?????Davis, chairman of the Democratic Governors Assn., was scheduled to
attend a $5.5-million fund-raiser Monday night for the Democratic governors
in Washington. He will then leave for New York, where he will hold personal
fund-raisers and confer with Wall Street analysts Wednesday about the state's
energy situation.
?????Meanwhile, Duke Energy North America on Monday suspended a lawsuit it
had filed against Davis. The company said it reached an "interim settlement"
to sell power to the state at the same below-market prices that it originally
had agreed to supply to Edison and PG&E under long-term contracts.
?????Duke sued the governor after he used emergency authority to seize the
Duke contracts and similar contracts signed by other energy companies with
the two utilities. Davis' action prevented the Power Exchange, the state's
now defunct electricity market, from liquidating the contracts after Edison
and PG&E defaulted on multimillion-dollar payments.
?????The agreement reached Monday between Duke and the state expires April
30, a Duke spokesman said, which should give the parties enough time to reach
a more formal settlement.
?????Power Exchange officials, however, are pressing ahead with their
$1-billion claim against the state. Under California law, the state must pay
reasonable value for private property seized under the governor's emergency
authority.
* * *
?????Morain reported from Washington, Rivera Brooks from Los Angeles. Times
staff writers Tim Reiterman in San Francisco and Nancy Vogel in Sacramento
contributed to this story. Copyright 2001 Los Angeles Times

?
??
?


THANK YOU.


Following please find the Daily EnronOnline Executive Summary.

EnronOnline Executive Summary for 12/13/2000
Transaction Summary
External Transactions Today	3,756
Average Daily External Transactions (30 day Trailing Avg)	4,361
Total Life to Date Transactions	523,299

EnronOnline Daily % of Entity's Total Transactions for 12/13/00	Trans	Percent
Enron North America	2,942	75%
Enron Europe Limited	152	32%
Global Products	221	32%
Enron Metals	441	21%

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

Gross Notional Value of EnronOnline Transactions	Total
Today	2,538,905,272
MTD	36,081,188,074
LTD	315,251,605,119
Average Daily Notional Value (30 Day Trailing Avg)	3,422,966,414

Notional Revenue from Physical Flows to Date	20,901,379,076

Counterparties, Users, and Products Offered
Counterparties having transacted to date	609
New Counterparties transacting for the first time today	2
Number of Products Offered Today	1,045
Total Number of External Users Logged on Today	3,346
Average # of External Users logged on (30 day Trailing Avg)	2,995


Version 2.0 of the ClickAtHome Portal is now available!
	Log into www.clickathome.net now, from work or home!

Access the PEP System through the portal!
	Choose your reviewers and fill out your evaluations in the comfort and privacy of your home!

Outlook Web Access and eHRonline will be available SOON!

The ClickAtHome portal is fully customizable for you!
	YOU choose the content on each page, as well as the look and feel!

Note: the ClickAtHome portal must be launched through an Internet Explorer browser, 5.0 or higher.


i liked her much better than cassie.  i have 0 interest in cassie.


We're in.

 -----Original Message-----
From: 	Delainey, David
Sent:	Wednesday, March 28, 2001 11:15 AM
To:	Whalley, Greg; Lavorato, John; Tycholiz, Barry
Subject:	U2

I assume that all of you plus your wives will be able to attend.

	U2 concert
	Monday, April 2
	7:30 PM
	Compaq Center

Please let me know if you are in - Should we plan for anything before the concert?

Regards
Delainey


---------------------- Forwarded by Marie Heard/HOU/ECT on 11/03/99 03:45 PM
---------------------------

Bennett Kaufman
11/03/99 09:13 AM
To: Marie Heard/HOU/ECT@ECT
cc:
Subject: Re: GAIL GDR

---------------------- Forwarded by Bennett Kaufman/HOU/ECT on 11/03/99 09:13
AM ---------------------------

Mary Perkins
10/27/99 10:12 AM
To: Bennett Kaufman/HOU/ECT@ECT
cc: Rahul Basu/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Lauren
Hagerty/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Jeff Kinneman/HOU/ECT@ECT
Subject: Re: GAIL GDR

Bennett,
At the bottom of the message is the name and address for the entity that will
be used to buy the GAIL shares we discussed.   Please let us know if there is
any other info you need to set up the settlement and custody accounts we will
need.
You can contact me or Lauren Hagerty in legal.
Thanks
---------------------- Forwarded by Mary Perkins/HOU/ECT on 10/27/99 10:10 AM
---------------------------

Rahul Basu@ENRON_DEVELOPMENT
10/27/99 03:45 AM
To: Lauren Hagerty/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: Raj Thapar/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Michael
Norris/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Mary Perkins@ECT, Wade
Cline/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Richard
Leibert/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Sandeep
Katwala/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
Subject: Re: GAIL GDR

Thanks Lauren, this was really quick.

Mary, it would be useful if you could fill out the Jardine form and send it
to us.

We want to send the filled up form and the Officer Certifiacte from Wade only
when we give in our bid to Jardine.

Rahul

Lauren Hagerty
10/27/99 01:02 PM
To: Raj Thapar/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Rahul
Basu/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Michael
Norris/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Mary Perkins@ECT, Wade
Cline/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Richard
Leibert/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Sandeep
Katwala/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc:
Subject: GAIL GDR

The Cayman Islands entity to own the GDR has been set up.  It's name is Enron
India GDR Holding Ltd.  It is owned by Enron Oil & Gas India Ltd.  You may
use 333 Clay Street, 19th Floor, Houston, Texas as a general business
address.  There is no need to send things to the Cayman Islands.


Start Date: 3/4/01; HourAhead hour: 4;  No ancillary schedules awarded.  No
variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001030404.txt

---- Energy Import/Export Schedule ----
*** Final schedule not found for preferred schedule.
     Details:

  TRANS_TYPE: FINAL
  SC_ID: ECTRT
  MKT_TYPE: 2
  TRANS_DATE: 3/4/01
  TIE_POINT: PVERDE_5_DEVERS
  INTERCHG_ID: EPMI_CISO_SCOUT
  ENGY_TYPE: WHEEL
*** Final schedule not found for preferred schedule.
     Details:

  TRANS_TYPE: FINAL
  SC_ID: ECTRT
  MKT_TYPE: 2
  TRANS_DATE: 3/4/01
  TIE_POINT: SYLMAR_2_NOB
  INTERCHG_ID: EPMI_CISO_SCOUT
  ENGY_TYPE: WHEEL


At the request of John Grass,  I am forwarding for your review the attached
sample of Enron Upstream Company, LLC's GISB.   Please do not hesitate to
give me a call with any questions you may have regarding the enclosed.

Regards,
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


Just a reminder, below are the deadlines for filing benefit claims for
expenses incurred during 2000.

For flexible spending accounts (health, dependent and transportation), the
deadline is April 30, 2001.
For medical and dental, the deadline is December 31, 2001.
The deadline for the vision plan expenses is six months following the date of
service.

If you have any questions, please do not hesitate to contact me.

Thanks!
Amy


-----Original Message-----
From: Reed, Charles [mailto:REEDC@coned.com]
Sent: Wednesday, October 10, 2001 1:20 PM
To: dl - Electric ESCOs; dl - Gas ESCOs
Cc: David Barko; Deborah Patterson; Eileen Egan-Annechino; Patrick
D'Amadeo; Peter Meloro; Peter Varrone; Ralph Moscati; Thomas Uhl;
WillieMae Ramirez
Subject: ESCO/Marketer Newsletter 2001-16

ESCO/ Marketer Newsletter
Issue 2001-16  				 	  October 10, 2001

MSC & MAC Adjustment Factors effective October 11, 2001
Reminder - Response due for Consolidated Utility Billing Meeting on
10/12/2001
Reminder - Response due for NYS EDI Implementation Call on 10/17/2001

MSC & MAC Adjustment Factors effective October 11, 2001
 <<FullServiceADJ2000-2001.XLS>>       <<RetailAccessADJ2000-2001.XLS>>

Reminder - Response due for Consolidated Utility Billing Meeting on
10/12/2001
The deadline to confirm your attendance at this meeting is today, 10/10.
Please notify Rebecca Lynch (lynchr@coned.com) and provide the names of
attendees from your Company. We have increased security in our building due
to the tragic events that recently occurred and it is important that we know
who is attending in advance to ensure that there is no delay in getting
everyone to the meeting before it starts.

Reminder - Response due for NYS EDI Implementation Conference Call on
10/17/2001 at 10:00 AM
If you have not already responded and would like to participate in this
conference call, please contact Rebecca Lynch (lynchr@coned.com) no later
than this Friday, 10/12. Dial-in numbers and codes will be forwarded early
next week.


Allyson,

Thank you for the update.

Is not having the CPCN an absolute bar to beginning construction?  What are
the risks?

Thanks,

Kay

"Duncan, Allyson" <aduncan@kilstock.com> on 07/25/2000 08:49:04 AM
To: "'Mann Kay'" <Kay.Mann@enron.com>, "'Keenan Jeffrey'"
<Jeffrey.M.Keenan@enron.com>, "'Chapman Tom'" <tom.chapman@enron.com>
cc: "'Mellencamp Lisa'" <lisa.mellencamp@enron.com>, "'Kroll Heather'"
<Heather.Kroll@enron.com>, "Fine, Jonathan" <JFine@kilstock.com>

Subject: CPCN Update

Sami Salib of the Public Staff is drafting the agenda item that will go on
the Commission's Open Agenda Conference for approval to establish the
procedural schedule for the CPCN application (intervention dates, intervenor
testimony, rebuttal testimony, etc).  Although he wanted to schedule the
evidentiary hearing for the last week in September, the Commisssion's
calendar is currently full.  So he has tentatively scheduled it for Monday,
October 2.  The problem with that is that it makes it virtually impossible
to meet the November 1 construction date if the Commission allows the
customary 30 days after the hearing in which to file briefs and proposed
orders.  I urged Sami to please see if he could calendar the hearing for the
third week in September.

One of the things that ENA will have to do is to have notice published in
newspapers in the Rocky Mount area for several consecutive weeks prior to
the hearing so that affected persons will have an opportunity to comment.  I
am trying to get Sami to place the draft agenda item and procedural schedule
on the Commission's July 31 Open Agenda Conference so that the notices can
start to run August 7.  That action, along with scheduling the hearing for
the third week in September, will make it far more likely than not that the
CPCN will issue before November 1.

Failing that, we can work with the Public Staff to shorten the period within
which to file briefs and proposed orders after the hearing to three or
preferably two weeks.  It will not be difficult to do that if there are no
intervenors, or if the intervenors do not object.

Sami has promised to let me know by tomorrow when the agenda item will go
before the Commission, and the dates in the procedural schedule.  Please
call me if you have questions.  Thanks.
> Confidentiality Note:
> This email message is intended solely for the individual or individuals
> named above. It contains confidential attorney-client privileged
> information and attorney work product.  If the reader of this message is
> not the intended recipient, you are requested not to read, copy or
> distribute it or any of the information it contains.  Please delete it
> immediately and notify us by return email or by telephone (404) 815-6500.
>


Before I respond to Chris on this, it brings up a question.  I know we
included the cost of the parking service in the true up, but what about the
value of the gas?  If gas was parked, then we received free gas---did we
account for this somewhere in the deal  (i.e., it should be a positive to
ENA)?  If so, then the question on the sale of this gas is simple--was it a
one day swing sale to CES-Retail or was it part of the base load package,
then bill that price accordingly.  If we got the gas for free, then that's a
different story.

Please let me know what was booked for this deal.   Thanks.
---------------------- Forwarded by Colleen Sullivan/HOU/ECT on 04/10/2000
08:29 AM ---------------------------

Chris Germany
04/07/2000 04:05 PM
To: Colleen Sullivan/HOU/ECT@ECT, Steve Jackson/HOU/ECT@ECT, Mark
Breese/HOU/ECT@ECT
cc: Tom Donohoe/HOU/ECT@ECT, Molly Johnson/HOU/ECT@ECT, Jeff W
Westover/HOU/ECT@ECT
Subject: Jan CES deal

We have a sale to CES on ANR on Jan 13th - deal 149430.  The volume is 34,248
dts and the price is $2.22.
I did not Bill CES for this deal.  According to Tom Donohoe, CES owed ANR the
gas and we paid it back in January.  Tom said CES was going to pay us for
this.  Should I bill the Retail group for this?  It looks more like a
wholesale transaction.

---------------------- Forwarded by Chris Germany/HOU/ECT on 04/07/2000 03:55
PM ---------------------------

Chris Germany
04/06/2000 04:19 PM
To: Tom Donohoe/HOU/ECT@ECT
cc:
Subject: Jan CES deal

There is a sale to CES for a volume of 34,248 dts, deal 149430.  It has your
name on it.  My conterpart at CES does not recognize it.  According to Unify
the downstream k# is 94946.  If you did this deal, do you remember who you
did the deal with?

Thanks.


Justin, we are doing our legal review for the introduction of Enron Online to
Australia next year. Would you be able to send me a set of the GTC for
financial power trades in the UK. These will probably be the closest to the
GTCs we will need to develop for  trading in electricity derivatives in
Australia.

thanks for your help.


----- Forwarded by Mark Taylor/HOU/ECT on 06/08/2000 05:38 PM -----

	Mark Taylor
	05/16/2000 12:48 PM

		 To: Andrea Bertone/SA/Enron, andrea calo, Brent Hendry/ENRON_DEVELOPMENT
		 cc:
		 Subject: EnronOnline Questions for Local Counsel

Here is the draft of the questionnaire for local counsel.  Let me know what
you think.


+ The recent hike in oil prices pushed inflation up to 7.56% in the week
ending September 30.
+ Hyundai Motors India plans to invest an additional $350 million over 3
years to enhance its existing production capacity and launch new models.
+ The Ministry of Power opposed Enron India's proposal for trading in surplus
power.

USIBC Daily News
October 16, 2000

Agro/Patents/Pharma
October 16: U.S.-based Rice Tec Inc withdrew 4 out of 20 claims from its 1997
patent on basmati rice. The Hindustan Times (Print edition only)

October 16: The central government sanctioned a $77.7 million relief package
for farmers of the north Indian state of Punjab. The Food Corporation of
India had earlier decided to suspend procurement of paddy as it found the
crop was sub-standard. The Times of India <
http://www.timesofindia.com/today/16home3.htm>
?<http://www.hindustantimes.com/>
Broadcasting/Entertainment
October 16: The Indian government announced that private agencies would start
FM radio broadcast on schedule in four major cities. The Times of India <
http://www.timesofindia.com/today/16busi13.htm>

Communications
October 16: Usha Telecom Ltd has decided to pay its entire outstanding
cellular-license fees of $70.2 million to the Department of
Telecommunications (DoT). This follows Usha Telecom's bid to sell its
cellular licenses. The Times of India <
http://www.timesofindia.com/today/16busi2.htm>

October 16: Southern Railways has completed an optic fiber cable network in
Tamil Nadu.? The Financial Express (Print edition only)

Economic/General News
October 16: The Associated Chambers of Commerce and Industry (Assocham)
stated that the slowdown in industrial growth (down to 5.3% during
April-August 2000) is expected to continue for the next 6 months. The
Financial Express <
http://www.financialexpress.com/fe/daily/20001016/fex16035.html>

October 16: The recent hike in oil prices pushed inflation up to 7.56% in the
week ending September 30, compared to 6.06% in the previous week. This is the
first time inflation has risen beyond 7% since the introduction of a new
index in April 2000. Business Standard <
http://www.business-standard.com/today/economy7.asp?Menu=3>

Energy
October 16: The National Oil Company of Oman is likely to purchase a 26%
equity stake in Bina Refinery of Bharat Petroleum. The Economic Times (Print
edition only)

Financial: Trade & Investment
October 16: CVD International, a U.S.-based entertainment hardware/software
development company, is likely to purchase 20% of Hyderabad-based Prathina
Video Private Ltd. The Financial Express (Print edition only)

October 16: Hyundai Motors India has decided to invest an additional $350
million over 3 years to enhance its existing production capacity and launch
new models. The Financial Express <
http://www.financialexpress.com/fe/daily/20001016/fco16031.html>

Information Technology
October 16: Cheecoo Networks announced its partnership with Yahoo-India.
Cheecoo Networks has a unique navigation, notification and communication
console. Cheecoo Networks will make Yahoo's popular services available to the
Internet community through their desktop application. The Financial Express
(Print edition only)

Insurance and Finance
October 16: The government finalized a cabinet note to amend the Banking and
Acquisition Act 1969. This will allow the government to reduce its ownership
percentage in nationalized banks to 67%. The Financial Express (Print edition
only)

Political/International
October 16: The Ministry of External Affairs confirmed that it received
requests from both Israel and the Palestinian National Authority (PNA) for
intervening in the West Asia peace process. However, the Indian government
offered only humanitarian aid and a general condemnation of the violence. The
Times of India (Print edition only)

Sanctions

Transportation/Infrastructure
October 16: The Ministry of Power opposed Enron India's proposal for trading
in surplus power. Enron plans to set up a wholly owned subsidiary and invest
$50-100 million to market power; including purchase of power from private
producers, transmission and distribution companies and state electricity
boards. The Foreign Investment Promotion Board (FIPB) has already referred
Enron's proposal to the Group of Ministers on foreign direct investment and
believes that power trading may be useful in reducing power losses. The
Economic Times (Print edition only)

October 16: India requires an investment of $65 billion to meet its urban
infrastructure needs, according to a paper prepared by the Confederation of
Indian Industry (CII). The Times of India ? <
http://www.timesofindia.com/today/16busi23.htm>

October 16: Indian financial institutions led by Industrial Development Bank
of India (IDBI) disbursed over $173 million to PPN, a 330 mw power project
based in Tamil Nadu. PPN will receive $73.6 million in rupee-denominated term
loans and a foreign currency loan of $93.7 million. The Financial Express <
http://www.financialexpress.com/fe/daily/20001016/fex16045.html>

==============================================================================
=
The USIBC Daily News is a free service of the U.S.-India Business Council to
USIBC Members and affiliates.
USIBC provides Internet links to news stories for informational purposes
only, and makes no representation
of the accuracy of information posted on other organizations' websites.? To
add or remove your name from this
list, or with questions or comments, please contact USIBC via e-mail at
usibc@uschamber.com <mailto:usibc@uschamber.com>.

U.S.-India Business Council
Website: <http://www.usibc.com>
1615 H Street NW
Washington DC 20062-2000
Phone 202 463 5492
Fax 202 463 3173

West Coast
477 Ninth Avenue, Suite 107
San Mateo, CA 94402
Phone 650 685 8790 xt. 16
Fax 650 343 2848


---------------------- Forwarded by Gavin Dillingham/ENRON_DEVELOPMENT on
09/01/2000 01:40 PM ---------------------------

Jeff Dasovich@EES
09/01/2000 01:30 PM
To: Steven J Kean/HOU/EES@ENRON
cc: Susan J Mara/SFO/EES@EES, Sandra McCubbin/SFO/EES@EES, Mona L
Petrochko/SFO/EES@EES, Gavin
Dillingham/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT@ENRON, Harry
Kingerski/HOU/EES@EES, Richard Shapiro/HOU/EES@EES, James D
Steffes/HOU/EES@EES, Roger Yang/SFO/EES@EES

Subject: Re: California Lawmakers Vote to Limit Power Costs - WSJ

Here are some more prices.  Many thanks to Roger Yang.

Steven J Kean@ENRON
09/01/2000 08:27 AM
Sent by: Steven J Kean@ENRON
To: Susan J Mara/SFO/EES@EES, Jeff Dasovich/SFO/EES@EES, Sandra
McCubbin/SFO/EES@EES, Mona L Petrochko/SFO/EES@EES
cc: Gavin Dillingham/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Harry
Kingerski/HOU/EES@EES, Richard Shapiro/HOU/EES@EES, James D
Steffes/HOU/EES@EES
Subject: California Lawmakers Vote to Limit Power Costs - WSJ

Look at this.  Baum finally speaks up  -- way too late.
Can somebody tell me what SDG&E's energy rate was pre-dereg?
---------------------- Forwarded by Steven J Kean/NA/Enron on 09/01/2000
08:24 AM ---------------------------

	From:  Ann M Schmidt                           09/01/2000 07:57 AM

To: Karen Denne/Corp/Enron@ENRON, Mark Palmer/Corp/Enron@ENRON, Steven J
Kean/NA/Enron@Enron, Meredith Philipp/Corp/Enron@ENRON
cc:

Subject: California Lawmakers Vote to Limit Power Costs - WSJ

F.Y.I.

  California Lawmakers Vote to Limit Power Costs
  By Rebecca Smith

  09/01/2000
  The Wall Street Journal
  Page A4
  (Copyright (c) 2000, Dow Jones & Company, Inc.)

  California lawmakers voted to extend modest relief to San Diego residents
burdened with
  high electricity bills and set the groundwork for faster construction of
badly needed power
  plants. They stopped short, however, of passing legislation that would roll
back retail power
  rates to levels seen prior to deregulation .

  Late Wednesday, lawmakers sent a bill to Gov. Gray Davis that limits to 6.5
cents per
  kilowatt hour the amount that small customers of San Diego Gas & Electric
Co. can be
  charged. The utility is allowed to add power-delivery and other reasonable
costs to that
  commodity price.

  The price, equivalent to a bulk power cost of $65 per megawatt hour, is far
higher than the
  average price of power for 27 of the 31 months in which California's market
has been
  deregulated. But in June and July, the average price of power obtained by
the utility from a
  state-sanctioned energy auction rose to 12 cents and 10.5 cents,
respectively, compared
  with the 2.3 cents and 2.8 cents charged in those months a year earlier.

  Passed directly through to customers,the resulting bills sparked a near
mutiny. The
  rate-cap measure applies to residential and small commercial customers, as
well as to
  schools and hospitals.

  In addition to the rate cap, which can be adjusted upward or downward by
the California
  Public Utilities Commission until December 2002, the legislature earmarked
$150 million of
  general-fund revenue, which can be used to subsidize San Diego power costs
if they greatly
  exceed the 6.5-cents-per-kilowatt-hour rate. For now, the utility would be
expected to make
  up any difference between revenue collected and the actual cost.

  Steve Baum, chairman of Sempra Energy, parent of San Diego Gas & Electric
Co., said the
  rate-cap measure is "deeply flawed" because it limits the amount prices can
rise but sets
  no floor. That means any shortfall could grow -- without a mechanism for
customers to pay
  it down -- until the end of the rate-cap period, which could last until
December 2002 or
  December 2003.

  Mr. Baum said Sempra stands to suffer an undercollection of perhaps $664
million, provided
  future prices approximate the New York Mercantile Exchange forward prices
through
  December 2002. "It's irreparably damaging to Sempra," he said because it
"creates
  tremendous uncertainty" that makes it hard for the San Diego energy company
to finance
  new projects such as a new transmission line.

  The legislature also appeared likely to approve a bill speeding up the
permit process for the
  construction of new power plants, in part by beefing up staffs of
regulatory agencies that
  review the plans.

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


Here is the name of that guy I told you about.  I would call ASAP as mortgage rates have been moving up and down a lot.

 -----Original Message-----
From: 	"Bruff Morrow" <bruffm@hotmail.com>@ENRON [mailto:IMCEANOTES-+22Bruff+20Morrow+22+20+3Cbruffm+40hotmail+2Ecom+3E+40ENRON@ENRON.com]
Sent:	Wednesday, August 22, 2001 9:33 AM
To:	Wagner, Joseph
Subject:

joe,

Sorry it took me so long to get you this information. If you would put this
on the enron site of good deals i would really appreciate it.

BRUFF MORROW
Homeline Mortgage
3355 West Alabama Suite 970
Houston, Tx 77098
O: 713-840-9595
C: 713-927-5119

If you have any questions call me.
Thanks,
Bruff

_________________________________________________________________
Get your FREE download of MSN Explorer at http://explorer.msn.com/intl.asp


Denise, pls print for me.  Thanks DF
---------------------- Forwarded by Drew Fossum/ET&S/Enron on 05/30/2000
07:45 AM ---------------------------

"Jeffrey C. Alexander" <Jalexander@Gibbs-Bruns.com> on 05/29/2000 12:11:21 PM
To: "Barrett H. Reasoner" <Breasoner@Gibbs-Bruns.com>, "Caren S. Sweetland"
<csweetland@Gibbs-Bruns.com>
cc: "'dfossum@enron.com'" <dfossum@enron.com>, "'bdavis@enron.com'"
<bdavis@enron.com>

Subject: Motion in Limine

Here is a first cut at a Motion in Limine for the Northern case.  I have
tried to hit the major themes, but I am sure there are issues I might have
missed.  Please let me know of any additional matters you think we might
include.

 <<1WB601!.WPD>>

 - 1WB601!.WPD


No, sorry about that.

 -----Original Message-----
From: 	Cunningham, Margarite
Sent:	Wednesday, October 10, 2001 10:46 AM
To:	Fischer, Mary
Subject:	RE: Add'l 2Q E-schedules

Hi Mary,

Was this suppose to come to me.

thanks
margarite

 -----Original Message-----
From: 	Fischer, Mary
Sent:	Tuesday, October 09, 2001 10:38 AM
To:	Cunningham, Margarite
Subject:	FW: Add'l 2Q E-schedules

 -----Original Message-----
From: 	Mary Fischer
Sent:	Tuesday, July 31, 2001 4:02 PM
To:	Shanna Husser; Angie Ramirez; Melanie Gaar; Dara M Flinn; Chad Gardner; Jennifer Myers
Cc:	Sally Seelig; Richard Laird
Subject:	Add'l 2Q E-schedules

---------------------- Forwarded by Mary Fischer/HOU/EES on 07/31/2001 11:01 AM ---------------------------

 << OLE Object: Picture (Device Independent Bitmap) >>
Sonya City
07/30/2001 05:17 PM
To:	Mary Fischer/HOU/EES@EES
cc:	Felecia Fitzgerald/EFS/EES@EES
Subject:	Add'l 2Q E-schedules

 << File: 926.xls >>  << File: 31Z.xls >>  << File: 32A.xls >>  << File: 32B.xls >>  << File: 32C-2001.xls >>  << File: 32D-2001.xls >>  << File: 32E-2001.xls >>  << File: 32G.xls >>  << File: 32H.xls >>  << File: 32J.xls >>  << File: 32L.xls >>  << File: 34L.xls >>  << File: 37D.xls >>  << File: 42D.xls >>  << File: 77L.xls >>  << File: 77M.xls >>  << File: 77N.xls >>  << File: 87P.xls >>  << File: 31Y.xls >>


Actually, it's better for me to pick you up because my meeting is near your
hotel.

John J Shoobridge@ENRON
02/28/2001 10:13 AM
To: Scott Neal/HOU/ECT@ECT
cc:
Subject: Re: Dinner

Perfect.
I you rather for me to drive to your place I can do so not a problem. Just
send me your address.

See you buddy.


This request has been pending approval for  6 days and you are the
alternate.  Please click
http://itcapps.corp.enron.com/srrs/auth/emailLink.asp?ID=000000000007876&Page=
Approval to review and act upon this request.

Request ID          : 000000000007876
Approver            : stinson.gibner@enron.com
Request Create Date : 11/20/00 2:36:29 PM
Requested For       : stewart.range@enron.com
Resource Name       : \\enehou\houston\common\Research - [Read/Write]
Resource Type       : Directory


Mark Elliott will be in the office from August 2 through September 23 (I
believe).


Here it is

 - skilling.doc


TASK ASSIGNMENT

Status:		completed

Task Priority:		1
Task Due On:
Task Start Date:

1) charcoal
2) charcoal lighter fluid  (or maybe get self-lighting charcoal...)
3) sturdy paper plates, some forks & knives, skewers for ka-bobs
4)  tony cachere's, salt/pepper, butter
5)  shrimp & beef (I'll make ka-bobs)    (I will buy the ka-bob
materials Friday & prepare them at home...I'll keep them on serious ice
& bring them to the boat in a cooler)
6)  BEER & whatever other alcohol we want
6.5)  maybe some "Lunchables" or Spam or something for breakfast on
Sunday.  Bread too
7) gatorade
8)  camera  (my digital is on the boat)
9)  whatever music cassettes you want.  I have a bunch of Buffett on the
boat.
10)  maybe a lantern
11)  maybe a game (Risk, playing cards, whatever) that we can play after
we eat & its all dark out.   We can spread it across the settee in the
cabin.
12)  fishing poles?
13)  definitely bring all cell phones & be sure they're fully charged
14)  be sure & take a good, solid shit Saturday morning cause it'll be
your last until Sunday afternoon, barring exigent circumstances.
15)  Warm clothes, just in case.   Also -- some type of foul weather
gear.
16)  Towels, just in case.


Guys, as a follow up to our meeting today, I thought I would put together a
list of deliverables agreed to in the meeting.  The goal would be to have a
definitive strategy for HPL and storage assets by the end of July that could
be acted upon.

 a) Elimination of the Entex contract - current value - John L.;
 b) Storage value algorithm incorporating spread values, increasing intra-day
and monthly volatility and blowdown values - Jean M, John L, Jim S.;
 c) Storage acquisition targets and issues surrounding value/execution - top
5 to 10 for blowdown and tarantula strategy - Jean M, Julie G.;
 d) Structure, value, cost and issues surrounding Bammel "header" - Jean M.;
 e) Project Torque - definitive balance sheet, income statement and
contribution margin statement for HPL - Wes C.;
 f) Establish viability of selling HPL assets - small private placement -
working with Lehman to finalize value, exection risk, timing, structure et al
- Patrick   W.

 I would like this group to get back together in the fourth week of July to
determine a final action plan.

Regards
Delainey


This shows changes as if they were revising the doc that we generated on
Friday.


i won't be in a bad mood.  i will be excited to see you .


I was unsuccessful in getting these files added to the Izio system so I am
re-mailing them to the distribution list used by Diane earlier this week.
My apologies to those who have received this two or three times now.....

Steve

---------------------- Forwarded by Steve DeBruyn/Bos/Teradyne on
01/25/2001 07:51 AM ---------------------------

Steve DeBruyn
01/23/2001 07:46 AM

To:   e234-1@haas.bekerley.edu
cc:   Mukesh_bajaj@lecg.com

Subject:  Upload to Izio

For those of you on the class list, here are the files from Prof.  Bajaj

Steve DeBruyn

(See attached file: E 234_outline_Spring2001.doc)

(See attached file: Amerhome.xls)(See attached file: Arundel.xlw)(See
attached file: Bfgood.xls)(See attached file: CaseQuestions.doc)(See
attached file: Clarkson.xlw)(See attached file: Dupont83.xls)(See attached
file: Gulfoil.xlw)(See attached file: Marriot.xls)(See attached file:
Netscape.xlw)(See attached file: Philmorr.xlw)(See attached file:
Timewar.xls)

 - E 234_outline_Spring2001.doc
 - Amerhome.xls
 - Arundel.xlw
 - Bfgood.xls
 - CaseQuestions.doc
 - Clarkson.xlw
 - Dupont83.xls
 - Gulfoil.xlw
 - Marriot.xls
 - Netscape.xlw
 - Philmorr.xlw
 - Timewar.xls


---------------------- Forwarded by Judy Hernandez/HOU/ECT on 02/11/2000
03:58 PM ---------------------------

Amber Ebow
02/11/2000 03:27 PM
To: Anthony Campos/HOU/ECT, jchadwick-joshua@worldnet.att.net,
angiec81@aol.com, smchadwic@yahoo.com, theresachadwick@hotmail.com,
bdouglas@sfasu.edu, larry_johnson@dci-ltd.com,
lee_johnson_@notes.seagate.com, kincadam@aol.com, mlittle@aol.com,
gmatth@coair.com, pell-shell@aol.com, mjpierson@netzero.com,
fwells@ascap.com, Kim Washington <washington@camdenprop.com>
cc: kechadwi@TexasChildrensHospital.org, rjackson@admin4.hsc.uth.tmc.edu,
sjohnson@urbanjustice.org, smorgan@pmigroup.com, carlao@bellsouth.net,
lyric_mase@hotmail.com, "Bowden, Neinka S" <nbowden@bcm.tmc.edu>, "Angela
Washington" <a-washington1@ti.com>, Shundea
Thrower<shundea.thrower@wcom.com>, Michelle Neville/HOU/ECT@ECT, Regina
Blackshear/Corp/Enron@ENRON, Judy Hernandez/HOU/ECT@ECT, Shyril L
Scott/HOU/ECT@ECT, Albert Escamilla/HOU/ECT@ECT
Subject: Powerful!!!!

---------------------- Forwarded by Amber Ebow/HOU/ECT on 02/11/2000 03:23 PM
---------------------------

Julissa Marron@ENRON
02/11/2000 03:21 PM
To: Marilyn Rivera/HOU/ECT@ECT, Patrick Marron
<Patrick.Marron@aspentech.com>, Tiffany La Dang
<tiffany@eubanks-architects.com>, "Linda Stevens" <lstevens@wt.net>, Faye
Ellis/HOU/ECT@ECT, Marvia Jefferson/HOU/ECT@ECT, Amber Ebow/HOU/ECT@ECT,
Stacey Barclay/HOU/ECT@ECT, Bernice Rodriguez/HOU/ECT@ECT, Lynette
Malone/HOU/ECT@ECT
cc:
Subject: Powerful!!!!

---------------------- Forwarded by Julissa Marron/Corp/Enron on 02/11/2000
03:19 PM ---------------------------

Subject: Powerful!!!!

 - ATT00032.jpg


1.	ACTIVITIES:

	a.	Completed site visit to all stations and evaluation of existing facilities

	b. Discussions with TW on critical items in order to finalize FERC application:

			Navajo Environmental has requested a Threatened & Endangered Species (T&E) and Archeological studies on stations 3 and 4.  Following completion of the survey (next week) The reviewing agency has 30 days to make determination.  Regulatory has determined that the FERC submittal is to be delayed until receipt of determination.

			ECS is preparing a proposal for electric compression at Station 1 to be delivered Tuesday 3/13.  This needs to be evaluated quickly if any interest exists.  This proposal should have a $5 mm decrease to project capital with increased operational flexibility.  FERC Project description will require amendment if interested.

			Turbine Compressor selection evaluation is underway with proposals received from Rolls Royce and GE/NP.  Project Team and GSS will complete recommendation by 3/16/01

			Project Environmental	 has scheduled meetings with Air Permit agencies and expect no issues.  Permit is expected in a 5 - 7 month time frame.

			Existing Noise Survey results have been received.  Recommendations for new facilities is being revised to accurately reflect Nearest Sensitive Receptor's (NSR) at individual stations.

			Plot Plans and Scope of Work are being revised based on site visit.

c.		Change Requests and justifications are being prepared for review by marketing for items not in original Scope of Work.

			Station Scrubbers were originally estimated to be revised in place for increased flow and efficiency.  The current scrubbers cannot be modified and will be evaluated for flow increase.  Based on projected increases in flow (future planned expansion), a scrubber upgrade now would alliaviate higher pressure drops and additions to scrubbers later.  It is recommended that a new high efficiency scrubber be considered for immediate installation based on increased efficiency and arrest of liquid migration due to increased flows.  Installation under separate workorder would allow tie-ins to the pipeline to be made at our conviencence without large effect on pipeline thruput for 3 days.  Resultant Station tie-in would result in a 2 day outage of the station vs 5 days currently scheduled.  Estimated cost is $1 MM

			Electrical Generation was evaluated for capacity and reliability. Units at station are 40 years old and in need of renewal prior to increased loading due to gas cooler addition for new station.  Stations 1,2, and 4 will require augmentation to current electrical service.  Station 3 recent load test does not meet project reguirements.  Simplify tie-in to utilities and demarkation of old/new station facilities could be accomplished  by utilizing correctly sized new units.  This would become the weak link in reliable project operations should this not be approved.  Estimated cost is $1 MM.

			Station recycle valves were requested by planning and Gas control to be added to the Scope of Work to increase flexibility.  Turbines have limited turndown.  The spare horsepower based on turbine selection limits turndown further.  Estimated cost is $1 MM.

2.	OBJECTIVES FOR NEXT WEEK:

a.	await TW Marketing evaluation of electrical compression option for station 1

b.	Pre Award meeting with T/C vendor scheduled for bid and delivery clarification.

c.	Recommend Turbine/Compressor vendor.

d.	Submit Change Requests to Marketing for approval

e.	Complete Engineering Scope of Work and solicit bids

3.	OLD ISSUES:

	none

4.	Areas of Concern:

Station Overhead rates were originally evaluated as 11% in the original estimates.  Sebsequent evaluations by TW (Jim Saunders) changed the rate to 2%.  Additional correspondence indicates a 2 to 4% overhead rate is adequate.

Change Requests are being evaluated by the project team to make the "best overall" decision for the project and future operations.  Capital dollars are offset by tie-in downtime and simplicity.

Details of future expansion plans are required to evaluate impact to existing facilities and equipment selections.


Hello Sally,

Thanks for meeting me last week and for discussing what looks to be a very
interesting and very challenging task ahead for you and your group.  In line
with our talks - I will be sending you my updated CV for your records - I
would be interested in further discussions - should you see a commercial role
develop within your group.

Regards,

Allan Sommer


Attached is the document reflecting the changes in the PRC Reps pursuant to
our conversation yesterday afternoon.  Please call if you need any additional
information.
Charlene
3-9233


Daren----

The invoices are being paid by us now....James Armstrong is taking care of
them, so that is who I am forwarding them to.  He apparently is paying for
them of an account set up for this.  He is out of the office, but he called
me back and said to keep forwarding him the invoices.

Let me know if we have any questions,

Thanks,
Mark
x33396


Do we have any interest in addressing this within Government Affairs?

 -----Original Message-----
From: 	Melton, Richard
Sent:	Wednesday, October 17, 2001 5:07 PM
To:	Shapiro, Richard
Cc:	Raker, Colleen; Soldano, Louis
Subject:	FW: Florida Joint House and Senate Committee Hearing/ Infrastructure Security

Dear Rick:

As a follow-up to my voicemail message today just before 5PM, I am sending this email with additional details, including a track of earlier descriptive communications.

Please advise regarding the specific request for legal assistance addressing the Florida Sunshine laws.  Please let me know if you would address the request, or if we should proceed with local Florida counsel.

As additional background, Mike Nelson, VP under Phil Lowry,  is heading an initiative for security of the ETS related pipelines.  Enron Corp. security personnel are also participating as a service to ETS.

Selected communications on this matter will be held as confidential.

Thank you.

Richard Melton
Senior Counsel
ETS Legal
x52555
 -----Original Message-----
From: 	Melton, Richard
Sent:	Wednesday, October 17, 2001 12:35 PM
To:	Nelson, Mike
Cc:	Soldano, Louis; Raker, Colleen
Subject:	RE: Florida Joint House and Senate Committee Hearing/ Infrastructure Security

Dear Mike:

The email you forwarded from Rob Wilson included the following request:

	"A side item- beyond the committees interest in hearing from our security personnel, Sue has asked if  an attorney in our 	group could assist her in drafting language, if needed, to provide exemptions/protections to FL sunshine laws regarding 	security related documents."

In discussions with Lou and Colleen, we concluded that I would check with Rick Shapiro, Counsel for Legislative Affairs, to address the request.  Alternatively, we can seek assistance from local Florida counsel (e.g. Ann Longman in Tallahassee FL).

I will let you know what develops soon.

Also, I understand that Rob Wilson is Manager of Regional Governmental Affairs in Tallahassee.  He mentioned that he had a prepared presentation that he had already used. Perhaps we should consider asking him to begin routing written matters on security through you and me for the time being.  Please ask him for a copy of the presentation before the conference call.  I assume we will meet in advance of the 10/24 call too.

Thank you.

Richard

 -----Original Message-----
From: 	Nelson, Mike
Sent:	Wednesday, October 17, 2001 10:20 AM
To:	Wilson, Rob
Cc:	Johnson, David L.; Norosky, Kyle; Craig, Rick; Melton, Richard ; Kilmer III, Robert
Subject:	RE: Florida Joint House and Senate Committee Hearing/ Infrastructure Security

I would like Kyle, David Johnson, Rick Craig, Richard Melton, and I to attend the conf call on the 24th. We'll figure out who can / should attend.

 -----Original Message-----
From: 	Wilson, Rob
Sent:	Wednesday, October 17, 2001 9:39 AM
To:	Nelson, Mike
Cc:	Johnson, David L.; Norosky, Kyle; Craig, Rick; Melton, Richard ; Kilmer III, Robert
Subject:	RE: Florida Joint House and Senate Committee Hearing/ Infrastructure Security

Mike,

Richard Hixson, House staff and Sue  Skelton, Senate staff have requested a meeting w/ our security rep. on the 24th. I suggested a conference call, since the same individual will be the presenter on the 26th. A time has not been established for the call. The conference call would include Sue, Richard , and the House and Senate chairs of each committee, Dudley Goodlette and Ginny Brown -Waite respectively. The intent would be to brief this audience on current security practices on the pipe and initiatives we are participating in w/ other stakeholders i.e. INGAA, DOE, OPS etc... In addition, the chairs want to be aware of information we do not want to share and how to manage the committee Q and A.

 I have indicated the 26th presentation will be succinct, generic, but reassuring . We can manage the Q and A  w/ some general responses regarding our efforts w/ the Florida Law Enforcement Department and heightened state of awareness responses.

 A side item- beyond the committees interest in hearing from our security personnel, Sue has asked if  an attorney in our group could assist her in drafting language, if needed, to provide exemptions/protections to FL sunshine laws regarding security related documents.

FYI- I have a presentation, I'll be using Monday w/ our PSC which includes bullet points on reliability and security, which should satisfy our needs for the 26th.

 -----Original Message-----
From: 	Nelson, Mike
Sent:	Tuesday, October 16, 2001 1:58 PM
To:	Wilson, Rob
Cc:	Johnson, David L.; Norosky, Kyle; Craig, Rick; Melton, Richard
Subject:	RE: Florida Joint House and Senate Committee Hearing/ Infrastructure Security

This is something we can do, but it will be at a very high level in terms of specific information shared.

I suggest we have a confernce call on this next week (or before) to 1.) determine what the Florida House and Senate is expecting, 2) who should attend, and 3.) who else is invited.

I will be out of pocket until next Monday, but could possibly call in if the timing was right.

Mike

 -----Original Message-----
From: 	Wilson, Rob
Sent:	Tuesday, October 16, 2001 12:53 PM
To:	Nelson, Mike
Cc:	Johnson, David L.; Kilmer III, Robert
Subject:	Florida Joint House and Senate Committee Hearing/ Infrastructure Security

Mike,

This morning legislative staff asked that I arrange for the appearance of an ETS security personality to address the House and Senate committees examining FL security issues. The committees tentatively plan to meet jointly on October 26th to discuss infrastructure security. There also will be a prehearing meeting on the 25th w/ committee leadership, to discuss the presentations.

The hearing schedule and agenda continues to be a work in progress as legislative members and staff prepare for a special session to begin on Monday. However, I wanted to alert you to the possibility of needing someone from your shop on at least the 26th. I have seen most everything we've produced to date regarding this issue and drafting a statement will be relatively straight forward. As is always the case, it is the committee Q and A where the practitioner is most helpful.

I will keep you informed of any developments, my contact numbers are 850-350-5018 office;  850-544-6938 cell; 850-668-2782 home

Rob


----- Forwarded by Jeff Dasovich/NA/Enron on 12/18/2000 05:18 PM -----

	Mary Hain@ECT
	12/17/2000 07:20 PM

		 To: Don Black/HOU/EES@EES, Dennis Benevides/HOU/EES@EES, Neil
Bresnan/HOU/EES@EES, Jubran Whalan/HOU/EES@EES, James E Keller/HOU/EES@EES,
Vicki Sharp/HOU/EES@EES, Mike D Smith/HOU/EES@EES, Steven J
Kean/NA/Enron@Enron, Harry Kingerski/NA/Enron@Enron, James D
Steffes/NA/Enron@Enron, Richard Shapiro/NA/Enron@Enron, Mark
Palmer/Corp/Enron@ENRON, Karen Denne/Corp/Enron@ENRON, Joe
Hartsoe/Corp/Enron@ENRON, Jeff Dasovich/NA/Enron@Enron, Sarah
Novosel/Corp/Enron@ENRON, Ginger Dernehl/NA/Enron@Enron, Susan J
Mara/NA/Enron@Enron, Mona L Petrochko/NA/Enron@Enron, Paul
Kaufman/PDX/ECT@ECT, William S Bradford/HOU/ECT@ECT, Mark E
Haedicke/HOU/ECT@ECT, Richard B Sanders/HOU/ECT@ECT, Kathryn
Corbally/Corp/Enron@ENRON, David W Delainey/HOU/ECT@ECT, Greg
Whalley/HOU/ECT@ECT, Phillip K Allen/HOU/ECT@ECT, Marty Sunde/HOU/EES@EES,
Mark Frevert/NA/Enron@Enron, Mark Koenig/Corp/Enron@ENRON, Paula
Rieker/Corp/Enron@ENRON, gfergus@brobeck.com, sbishop@gibbs-bruns.com, Tom
Alonso/PDX/ECT@ECT, Robert Badeer/HOU/ECT@ECT, Tim Belden/HOU/ECT@ECT, Jim
Buerkle/PDX/ECT@ECT, Christopher F Calger/PDX/ECT@ECT, Dave Parquet, Paul
Choi/SF/ECT@ECT, Ed Clark/PDX/ECT@ECT, Stanley Cocke/PDX/ECT@ECT, Sean
Crandall/PDX/ECT@ECT@ECT, Terry W Donovan/HOU/ECT@ECT, Michael
Etringer/HOU/ECT@ECT, Mark Fischer/PDX/ECT@ECT, John M Forney/HOU/ECT@ECT,
Chris H Foster/HOU/ECT@ECT, Dave Fuller/PDX/ECT@ECT, Jim Gilbert/PDX/ECT@ECT,
Don Hammond/PDX/ECT@ECT, Tim Heizenrader/PDX/ECT@ECT, Karen E
Jones/HOU/ECT@ECT, Holli Krebs/HOU/ECT@ECT, Alan Larsen/PDX/ECT@ECT, Elliot
Mainzer/PDX/ECT@ECT, Chris Mallory/PDX/ECT@ECT, John Malowney/HOU/ECT@ECT,
Wayne Mays/PDX/ECT@ECT, Marcie Milner, Matt Motley/PDX/ECT@ECT, Tracy
Ngo/PDX/ECT@ECT, Murray P O'Neil/HOU/ECT@ECT, Jeffrey Oh/PDX/ECT@ECT, Todd
Perry/PDX/ECT@ECT, Dale Rasmussen/HOU/ECT@ECT, Lester Rawson/PDX/ECT@ECT,
Jeff Richter/HOU/ECT@ECT, Stewart Rosman/HOU/ECT@ECT, Diana
Scholtes/HOU/ECT@ECT, Jeff Shields/PDX/ECT@ECT, Jeff G Slaughter/PDX/ECT@ECT,
Chris Stokley/HOU/ECT@ECT, Mike Swerzbin/HOU/ECT@ECT, Jake Thomas, Stephen
Thome/HOU/ECT@ECT, Frank W Vickers/HOU/ECT@ECT, Kim Ward/HOU/ECT@ECT, Laura
Wente/HOU/ECT@ECT, Greg Wolfe@ECT, Christian Yoder/HOU/ECT@ECT
		 cc:
		 Subject: Summary of FERC's 12- 15 order on California Markets


Chris,

I agree with Bill's assessment as shown in the attachment.  Prior to submitting bids, Vol Mgmt needs to know the agreed upon shared savings between EPMI and the specific customers so we can set up our tools to capture these correctly.  Please stop by to discuss.

Thanks,

Kourtney

 -----Original Message-----
From: 	Williams III, Bill
Sent:	Friday, June 15, 2001 8:16 AM
To:	Foster, Christopher; Cocke Jr., Stanley
Cc:	Nelson, Kourtney
Subject:	Decremental Bidding

Chris,

I attached a simple sheet outlining our basic process of decremental bidding.  From a Real-Time standpoint we are ready to implement this process immediately.  I believe we have the tools in place to capture the revenue on the volume management side as well.  Kourtney Nelson is out of the office today but will return on Monday.  I feel we should involve her in the process when she returns.  Overall, this is very similar to what we did last summer and should be relatively easy to implement.  Feel free to see me with questions.

Thanks,
Bill


---------------------- Forwarded by Michelle Cash/HOU/ECT on 12/04/2000 11:38
PM ---------------------------

Trey Cash@ENRON
11/02/2000 03:23 PM
To: Michelle Cash/HOU/ECT@ECT
cc:
Subject: Friends of Ashford 20% off coupon

They must be hurting for business -- but I thought you might want to take a
look at their site.

L, T
---------------------- Forwarded by Trey Cash/Corp/Enron on 11/02/2000 03:22
PM ---------------------------

JGS Alumni Office <jgsalum@rice.edu> on 11/02/2000 02:25:55 PM
To: (Recipient list suppressed)
cc:

Subject: Friends of Ashford 20% off coupon

A message of "holiday greetings" from a JGS alum...

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713-369-2380
aoates@ashford.com