Fitch Puts Enron On Rating Watch Negative
Bloomberg, 10/25/01

STOCKWATCH Enron higher after dismissing CFO Fastow
AFX News, 10/25/01

DJ Concerned Energy Cos Make Few Changes In Enron Dealings
2001-10-25 14:13 (New York)

Calif Guarantees Allow Williams To Book Power Revenues
Dow Jones Energy Service, 10/25/01
Stocks Expected to Open Lower, Hurt By Weak Economic News
Dow Jones Business News, 10/25/01

Kaplan Fox Seeks To Recover Losses For Investors Who Purchased E
Bloomberg, 10/25/01

Enron CNBC: Squawk Box,
10/25/01

Fitch Puts Enron On Rating Watch Negative
2001-10-25 13:49 (New York)

Fitch Puts Enron On Rating Watch Negative

Fitch-NY-October 25, 2001: Fitch places the following Enron
securities on Rating Watch Negative: senior unsecured debt
`BBB+'; subordinated debt `BBB'; preferred stock `BBB-`;
and commercial paper `F2'. Pipeline subsidiary `A-` rated
senior unsecured debt at Northern Natural Gas Co. and
Transwestern Pipeline Co., are also placed on Rating Watch
Negative.

The rating action primarily relates to the negative capital
market reaction to recent disclosures by the company. The
loss of investor and counterparty confidence, if it
continues, would impair Enron's financial flexibility and
access to capital markets, therefore, impacting its ability
to conduct its business. On Oct. 16, 2001, Enron announced
a $1 billion after-tax charge to earnings to be taken in
the third quarter of 2001 and a reduction of balance sheet
equity by $1.2 billion relating to the unwinding of
structured transactions. Since that time, there have been
several damaging news reports on the company and its
management. More importantly, investors have voiced
concerns. Enron's common stock price has plummeted and
spreads on its debt have widened.

The company has attempted to quell rumors and has publicly
stated that it has adequate liquidity to conduct its
business. Approximately $1.5 billion of unused liquidity is
available under committed bank lines.

An additional concern is that certain structured
transactions of the company including Marlin Water Trust II
and Osprey could unwind. While various sources of repayment
exist, such as the sale or liquidation of underlying
assets, or an equity offering, primary credit support is
derived from the Enron obligation to remarket mandatorily
convertible preferred stock if an amount sufficient to
repay the notes has not been deposited with the trustee 120
days prior to the maturity date or upon a note trigger
event. In the event that the issuance of the preferred
stock yields less than the amount required to redeem the
senior notes in either case, Enron is required to deliver
additional shares. If Enron cannot or does not deliver on
its obligation, then the amount of the deficiency becomes a
payment obligation of Enron, representing a general
unsecured claim. While trigger events include a downgrade
of Enron's senior unsecured debt below investment grade by
one of the major rating agencies in conjunction with
specified declines in Enron's closing stock price over
three consecutive trading days, Enron would have a
forebearance period of 60 days as long as an attempt was
being made to register the shares. The total amount of
Marlin and Osprey debt is approximately $3.2 billion. Enron
has not verified that the underlying assets have adequate
market value to fully pay down the associated debt.

While capital market uncertainties have escalated, Fitch
has no information to indicate that there are any
fundamental problems with Enron's core wholesale, retail,
and pipeline businesses. Fitch expects to be in contact
with the company on a continuing basis to both monitor
ongoing events and address strategic, longer-term issues.

STOCKWATCH Enron higher after dismissing CFO Fastow

10/25/2001
AFX News
(c) 2001 by AFP-Extel News Ltd

NEW YORK (AFX) - Share of Enron were higher in opening trade, after the company dismissed its chief financial officer, Andrew Fastow, due to his past involvement in running two partnerships, in which Enron had invested, dealers said.
At 9.56 am, Enron was up 1.13 usd, or 6.95 pct, at 17.55. The DJIA was down 138.60 points at 9,207.52, the S&P 500 index was down 15.95 pts at 1,069.00 and the Nasdaq composite down 39.02 at 1,692.52.
Enron said it named Jeff McMahon CFO to replace Fastow, after announcing Monday that the Securities and Exchange Commission is looking into the Fastow-related transactions.
"In my continued discussions with the financial community, it became clear to me that restoring investor confidence would require us to replace Andy as CFO," said chief executive Kenneth Lay in a statement.
Enron shares have fallen sharply in recent days on concerns over financial transactions made with the two partnerships, LJM Cayman LP and LJM2 Co-Investment LP, which analysts said could affect future earnings and which have prompted class action suits against the company.
McMahon, who had been serving as chairman and CEO of Enron's Industrial Markets group, had quit his job as treasurer last year, after voicing concerns within the company about Fastow's role in running the two partnerships, according to the Wall Street Journal.
This morning, Salomon Smith Barney analyst Raymond Niles downgraded Enron to "buy- speculative," from "buy-high risk", to reflect his concerns that "lingering uncertainty over financial practices may begin to impair Enron's commercial operations."
"This is the least likely outcome, in our view, but one whose likelihood has increased over the last week as questions continue to be asked," he said.
ng/lj For more information and to contact AFX: www.afxnews.com and www.afxpress.com

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

=DJ Concerned Energy Cos Make Few Changes In Enron Dealings
2001-10-25 14:13 (New York)

   By Mark Golden, Kristen McNamara, Jon Kamp and John Edmiston
   Of DOW JONES NEWSWIRES

  NEW YORK (Dow Jones)--Energy trading companies have concerns about the credit
quality of troubled Enron Corp. (ENE), but they have made almost no changes in
policies concerning the top trader of North American power and gas, the
companies said Thursday.

  The concerns have arisen because Enron, which accounts for about a quarter of
the trade in the country's power and gas markets, has seen its share price fall
by a third this week due to uncertainties about its extremely complex financial
structure.

  Moody's has put Enron's credit on watch for possible downgrade, and some of
the company's debt is trading like junk bonds in the secondary market this
week.

  "We have made no changes to our credit policy concerning Enron," said John
Sousa, chief spokesmann for Dynegy Inc. (DYN). "It's business as usual."

  Williams Cos. (WMB) spokesman Jim Gipson said that his company, too, has made
no changes and has no concerns about Enron's credit. Another Top 10 power and
gas trading company, Aquila (ILA), has also left Enron credit unchanged.

  Other companies expressed concern, though they've taken little if any action.

  "Like everyone else in the marketplace, we're proceeding with caution," said
Lora Kinner, director of credit for Tractebel Energy Marketing, the North
American subsidiary of the Belgian company Tractebel S.A.

  Kinner said the company is just looking for more information and doesn't
expect to make any drastic changes.

Calif Guarantees Allow Williams To Book Power Revenues
By Andrew Dowell
Of DOW JONES NEWSWIRES

10/25/2001
Dow Jones Energy Service
(Copyright (c) 2001, Dow Jones & Company, Inc.)

NEW YORK -(Dow Jones)- Clarifications by California as to what electricity transactions the state will back enabled Williams Cos. (WMB) to book $180 million in power sales from the previous period as third-quarter revenues, the company said Thursday.
The revenues came from power Williams sold through the California Independent System Operator, which runs the state's wholesale power market and clears and settles transactions.
The state of California has paid more than $11 billion for power bought directly from suppliers, but has yet to pay for any ISO power since it took over the job of buying power for the state's ailing utilities in mid-January. Two weeks ago, however, the state made clear for the first time which ISO transactions it would back.
"It's that fact that has allowed us for the first time to recognize dollars from sales to the California ISO," Williams Chief Operating Officer Steven Malcolm said on a conference call Wednesday.
Williams reported third-quarter net income of $221.3 million on revenues of $2.81 billion, up from $121.1 million on revenues of $2.33 billion in the same period the year before.
Williams is now in talks with California to secure payment for its ISO sales. The process is complicated by the state's role as guarantor of transactions undertaken on behalf of the utilities, which aren't creditworthy enough to buy power for themselves. The ISO didn't envision third-party guarantors when it set up its settlement process, and state accounting rules require more detailed bills than those sent out by the ISO each month, state power officials have said.
The state says it has set aside $1.2 billion to cover ISO transactions.
As reported, suppliers including Williams had charged the state with deliberately muddling the repayment issue to keep power flowing for free.
Willing To Renegotiate

Separately, Williams' officers also said the company was willing to discuss reworking its long-term contracts with California, provided the result benefited both parties.
California Gov. Gray Davis is under heavy fire for having locked the state into contracts running as long as 20 years at prices negotiated at the peak of a market that has since collapsed.
Both sides could potentially benefit from changes to the length of the term of the contracts or the specifics of power-supply obligations - perhaps freeing up supply that Williams thinks it could get more money for on the spot market, Malcolm said.
"We're always willing to sit down with a customer," Malcolm said.
Williams hasn't been approached by the state to renegotiate the contracts, Malcolm said.
Any attempt by California to force through one-sided changes is unlikely and could backfire for the state by disrupting plans for new power plants, he said.
"To the extent contracts are changed, financing is going to go away," he said.
Downplaying Enron Opportunities

Williams downplayed its ability to capitalize on the recent troubles of market-leader Enron Corp. (ENE), saying it focuses on large, long-term structured deals, not the high-volume, physical-market transactions that Enron dominates, Malcolm said.
Also, TradeSpark - the Internet-based energy exchange in which Williams is a partner - is limited for now in its ability to expand and take volume from Enron's proprietary system EnronOnline because of the horrific losses operator Cantor Fitzgerald (X.CFZ) suffered in the attacks on the World Trade Center.
"That's interrupted the rapid growth we were seeing," Williams Chief Executive Keith Bailey said on the call.
Enron, which accounts for about a quarter of the trade in the country's power and gas markets and which makes a market for those commodities on EnronOnline, has seen its share price fall by a third this week due to uncertainties about its extremely complex financial structure.
Those concerns have raised questions about the business model of EnronOnline, a platform on which Enron is the counterparty in all trades. Those concerns could eventually boost volume on neutral exchanges like TradeSpark.
"We continue to believe in the neutral platform that TradeSpark offers," Malcolm said.
TradeSpark LP was formed by eSpeed Inc. (ESPD), Cantor Fitzgerald (X.CFZ), Shell (RD) unit Coral Energy, Dominion (D), Koch Energy Trading Inc., TXU Corp.'s (TXU) TXU Energy unit and Williams Cos.' Williams Energy Marketing & Trading Co.
-By Andrew Dowell, Dow Jones Newswires; 201-938-4430; andrew.dowell@dowjones.com

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

Stocks Expected to Open Lower, Hurt By Weak Economic News

10/25/2001
Dow Jones Business News
(Copyright (c) 2001, Dow Jones & Company, Inc.)

A Wall Street Journal Online News Roundup
Stocks are expected to open with losses Thursday, weighed down by disappointing U.S. economic news and the European Central Bank's decision to leave interest rates unchanged.
About an hour before the New York Stock Exchange opened, futures on the Standard & Poor's 500-stock index were sharply lower, suggesting that the Dow Jones Industrial Average will post a 94-point loss at the opening bell.
In one of a trio of negative economic reports, the Commerce Department said orders for durable goods, or products expected to last more than three years, tumbled 8.5% in September. That was a much steeper drop than the 0.9% decline forecast by economists surveyed by Thomson Global Markets.
Meanwhile, the Labor Department reported that the number of Americans filing new claims for state unemployment insurance rose to 504,000 for the week ended Oct. 20. That was more than the 500,000 jobless claims expected by economists.
The Labor Department also said that the employment-cost index rose 1% in the third quarter, slightly more than expected. The indicator measures changes in compensation costs, including wages and salaries, as well as costs for employee benefits.
Later, at 10 a.m. EDT, the National Association of Realtors is expected to say that 5.26 million existing homes were sold last month, down from the 5.5 million sold in August.
Prior to release of the economic news, S&P futures had pointed to a weaker opening on Wall Street, after the ECB left rates alone despite growing political pressure for another rate cut to help the stumbling European economy.
In addition to pouring over Thursday's economic reports, investors will spend much of the session sorting through a mountain of earnings reports, said Peter Cardillo, director of research at Westfalia Investments.
Among companies that announced quarterly earnings so far, Dow Chemical said third-quarter net income plunged 84%, hurt by weak demand, substantial price declines and a slew of charges mostly related to acquisition expenses and restructuring at Dow Corning.
Among other stocks to watch, Enron on Wednesday replaced its finance chief, Andrew Fastow, capping a tumultuous day in which the Houston powerhouse saw its stock price continue to fall sharply.
States suing Microsoft are hiring one of the nation's top trial lawyers, signaling they may seek a harsher antitrust remedy than the White House. Meanwhile, the software giant's Windows XP formally makes its debut Thursday.
In key overseas markets, stocks were mixed. London's Financial Times-Stock Exchange 100-Share Index was down 1.2% in intraday trading, while Frankfurt's DAX was 0.9% lower. Earlier in the day, Japan's Nikkei 225 average closed with a gain of 0.7%, and Hong Kong's Hang Seng Index rose 0.2%.
In Wednesday's session, Wall Street continued to shrug off disappointing earnings news, and focused instead on hopes that low interest rates and the government's economic-stimulus program will produce a recovery.
Technology issues saw much of the buying, with the Nasdaq Composite Index rising 27.10 points, or 1.6%, to 1731.54. The Dow industrials inched 5.54 points, or 0.1%, higher to close at 9345.62, despite substantial losses in two of its components, Eastman Kodak and AT&T, which issued weak outlooks.
In major U.S. market action Wednesday:
Major stock indexes advanced. But on the Big Board, where 1.34 billion shares traded, 1,374 stocks rose and 1,743 fell. On the Nasdaq, 1.89 billion shares changed hands.
Bonds gained. The 10-year Treasury note rose 13/32, or $4.0625 for each $1,000 invested. The yield, which moves inversely to price, fell to 4.588%. The 30-year bond was up 23/32 to yield 5.330%. Early Thursday, the 10-year note was up 10/32 to yield 4.553% while the long bond was 17/32 higher, yielding 5.303%.
The dollar was mixed. Late in New York, it traded at 122.87 yen, up from 122.68, while the euro rose against the dollar to 89.35 U.S. cents from 89.07. Early Thursday in New York, the dollar bought 123.17 yen and traded at 88.27 cents to the euro.
For continuously updated news from The Wall Street Journal, see WSJ.com at http://wsj.com.
Copyright (c) 2001 Dow Jones & Company, Inc.
All Rights Reserved.

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

Kaplan Fox Seeks To Recover Losses For Investors Who Purchased E
2001-10-25 12:07 (New York)

Kaplan Fox Seeks To Recover Losses For Investors Who Purchased Enron
Corp. Common Stock

NEW YORK, NY -- (INTERNET WIRE) -- 10/25/01 -- Kaplan Fox
(kaplanfox.com) has filed a class action against Enron Corp. and
certain of the Company's officers and directors in the United States
District Court for the Southern District of Texas.  The suit is
brought on behalf of all persons or entities who purchased the common
stock of Enron Corporation ("Enron") (NYSE: ENE) between January 18,
2000 and October 17, 2001, inclusive (the "Class Period").

The complaint charges Enron Corp. and certain of its officers and
directors with violations of the Securities Exchange Act of 1934.
The complaint alleges that during the Class Period, defendants
engaged in asset and securities sales to closely related affiliates
and interested parties, which disguised Enron's true financial
position.  Many of the details of these transactions were hidden from
the public.  Defendants used these asset sales to falsely improve
Enron's balance sheet, thereby maintaining Enron shares at an
artificially inflated price.  Certain Enron executives, who held
positions in the affiliates that presented clear conflicts of
interest, reaped millions of dollars in personal gains from these
transactions.

The complaint further alleges that during the Class Period, Defendants
made misleading statements regarding the potential value of Enron's
Broadband business, in order to artificially boost Enron's share
price.  With knowledge that Enron's Broadband business would never
post a profit and was seriously overvalued, Defendants continued to
make misleading statements about the Broadband business in order to
maintain the share price at its artificially inflated levels.
Defendants used the artificially inflated value of Enron's Broadband
business to hedge against, in order to gain millions of dollars in
financing.  Defendants failed to disclose the risk of these financing
arrangements.  Defendants hid the true nature of Enron's earnings,
its hedging, its businesses, and the correct state of Enron's
finances from its investors and the market, further artificially
inflating Enron's share price.  While the stock was artificially
inflated for the above reasons, Enron executives engaged in extensive
insider trading, gaining personal proceeds of approximately $482
million during the Class Period, before the public became aware of
the above practices.

Plaintiff seeks to recover damages on behalf of the Class and is
represented by Kaplan Fox & Kilsheimer LLP.  Our firm, with offices
in New York, San Francisco, Chicago and New Jersey has many years of
experience in prosecuting investor class actions and actions
involving financial fraud. For more information about Kaplan Fox &
Kilsheimer LLP, you may visit our website at www.kaplanfox.com

If you are a member of the Class, you may move the court no later than
December 21, 2001 to serve as a lead plaintiff for the Class.    In
order to serve as a lead plaintiff, you must meet certain legal
requirements.

If you have any questions about this Notice, the action, your rights,
or your interests, please e-mail us at mail@kaplanfox.com or contact:

Kaplan Fox & Kilsheimer LLP - 805 Third Avenue,  22nd Floor - New York,
NY 10022

Kaplan Fox & Kilsheimer LLP - 100 Pine Street, 26th Floor - San
Francisco, CA 94111

Contact: Frederic S. Fox, Esq., Kaplan Fox & Kilsheimer LLP
Phone: 800-290-1952
Fax: 212-687-7714
Email: mail@kaplanfox.com

    Date      October 25, 2001
    Time      07:00 AM - 08:00 AM
    Station   CNBC
    Location  Network
    Program   The Squawk Box

              Mark Haines, co-anchor:

              Joe Kernen, what's going on?

              Joe Kernen, co-anchor:

              We've got to shift gears into this Enron situation which
              has just been--you've been talking about it quite a bit,
              David--how could you not talk about it?  Seventy-six
              million shares yesterday, down fifty percent in the last
              two weeks.  This is a company with--what?--a hundred
              million in revenues.

              James Cramer, guest market commentator:

              Maybe.

              Kernen:  Yeah, right.  Anyone who does any trading in
              energy apparently, you know, uses Enron Online, so anything
              that destabilizes Enron to a great extent could destabilize
              the whole energy trading arena and...

              Cramer:  Go ahead, say it!  Say what you're thinking!  No
              one has said it yet.  We know the truth.  We believe that
              Enron caused a national short squeeze.  They knew every
              single number in this gas situation.  They wrecked the
              California utility system and profited from it.  That's my
              bet.  My bet that this--they had--look, they were the
              market maker.  Imagine if Instinet knew what you were going
              to be buying and took it ahead of you.  I think they
              cornered the market for electricity for about four months,
              made a huge fortune and now the company is unraveling and
              when someone--when the Justice Department gets in there
              we're going to discover this.

              Kernen:  Let's see what happened...

              Haines:  Now, wait a second...

              David Faber, co-anchor:

              Whoa, whoa, whoa!  The Justice Department, Jim?  Now, is
              that new?  Is that something--

              Cramer:  No, that would be, if I were a prosecutor,
              something...

              Faber:  OK, so they are not being investigated?

              Cramer:  Well, no, I'm actually being a little forward
              thinking.

              Kernen:  The SEC wants documents about the limited
              partnership transactions of Mr.--

              Faber:  Which is very different from what Jim is talking
              about.

              Cramer:  No, I'm saying that this is what, if I were an
              enterprising prosecutor, I would say, Did we have a
              nationwide short squeeze in electricity caused by one
              company that had access to all the screens and knew exactly
              what was happening with the electricity market which then
              wrecked the California utility system, cost the consumer
              billions of dollars, and is now being hushed up?

              Kernen:  Well, let's talk about the actual news.  Here's
              yesterday's trading--

              Haines:  Wait a minute.

              Kernen:  Well, I just want to say that the guy is gone now.
              That's the new news here.  Did you read--did you know that
              Fastow, after four--

              Faber:  Late yesterday.

              Kernen:  Yeah, after four o'clock, Fastow is gone.  What's
              interesting--

              Faber:  He's the CFO--

              Kernen:  But he's a new CFO.

              Faber:  --who benefitted personally from some of these
              off balance sheet partnerships.

              Cramer:  Mark, you know, I'm not on thin ice here, I'm not
              on thin ice.

              Haines:  I just want to make sure we understand that this
              is your theory.

              Cramer:  This is my theory.

              Haines:  OK.

              Cramer:  It is just a theory.  It is my opinion.  But I
              think we've got to find out more about that short squeeze
              that occurred.

              Haines:  OK.

              Cramer:  We need to find out whether it was orchestrated.

              Kernen:  The new CFO might help regain some credibility for
              the company because he was the old treasurer who left that
              position a year or so ago because of some disagreements
              with how Mr. Fastow was doing business apparently.  So now
              he's back as CFO and we'll whether that calms the market
              down.

              Faber:  Well, what they need to do-- Joe, they need to come
              clean.  I mean, that is what all the investors in Enron and
              those who've left the company as investors over this last
              week have wanted.  Let's see everything; be as transparent
              as you possibly can be; tell us exactly what we need to
              know.  And as much as they need to come clean with their
              investors, they need to come clean with their trading
              counterparties because that is really what people are
              concerned about.

              Kernen:  Why is the credit worthiness issue such a big
              deal?  Anyone who does trading with them, if their credit
              worthiness were to go--if their credit rating were to go
              down, how would that affect energy trading?

              Faber:  Well, you want to know that they're going to be
              there on the other side and make good on the trades.

              Kernen:  I guess you would, wouldn't you?

              Faber:  Right.  Not that they aren't, but why would you--if
              you can trade with seven other guys--seven other companies,
              maybe you cut back a little bit on your exposure there.

              Kernen:  Now, why would--

              Faber:  And that would hurt their core business.

              Kernen:  Why are people expecting some type of action from
              the credit agencies, not because of the stock price, right?
              Because of something that could unravel--

              Faber:  Because of something related to these liabilities
              they may have--

              Kernen:  That they don't know about at this point.

              Faber:  --that they may have with regard to funding some of
              these off balance sheet partnerships that they backstopped
              in terms of borrowing that went on at the project level at
              the off balance sheet partnership.  Will it be a liability?
              They don't know.  But that's one of the reasons--

              Kernen:  We're talking hundreds of millions or billions?

              Faber:  They don't know.

              Kernen:  But there were billions of dollars in limited
              partners?

              Faber:  Yes.  About three billion in financing, I think is
              what some analysts estimated.

              Kernen:  This is a pretty big number.

              Faber:  Yeah, they can get to most of that with the assets
              that they have in the partnerships themselves.

              Kernen:  I use a six month chart to show what's happened
              over the last two weeks.  You got to look at here.  But if
              we went back a year, you'd see eighty as far as the high
              for Enron.  Now we're at sixteen.

              Faber:  Everybody else took a hit yesterday.  Dynegy got
              hurt.

              Kernen:  Well, I got Dynegy next.  Don't--  Here we go.

              Faber:  I'm sorry.  I'm getting a little excited.

              Kernen:  You are.

              Faber:  Enthusiastic about your charts.

              Kernen:  There's a weekly chart of Dynegy, and you know
              what's coming next, don't you?  Now I'm worried about the
              utility average.  I've worried about the transportation
              average a lot in my career.  Mark, now the utilities have
              replaced my worries.  I'm angst-ridden.  Did you see this
              chart?  We're breaking below the--

              Cramer:  That's a positive, not a negative, Joe.

              Kernen:  What's wrong with Cramer today?  What happened?

              Cramer:  I'm all fired up!

              Faber:  He really is.  My, God, he's got the DOJ getting
              all crazy, the FBI, the CIA.  You going down to En--you
              going down to Houston yourself?

              Cramer:  I may just have to.  I may have to clean up that
              whole city.

              Kernen:  Jim, why would the--that's the--now getting down
              to the lows, I mean, the other averages have come back
              quite a bit from the post-attack lows, the utilities are
              retesting those.  That's not something to worry about?

              Cramer:  No, because I think there's a lot of money going
              into more cyclical issues.  I think the economy is showing
              signs of getting better.  The consumer is certainly much
              stronger than we thought.  The base book didn't say the
              corporate was strong, but the consumer is strong.  Much
              stronger than before.

              Kernen:  All right.  In the past people have worried about
              the utility averages being a leading indicator, though.  I
              don't--we're talking about four hundred to two-ninety at
              this point.  That's a long way.

              Cramer:  This average has got a lot of problems to it, but
              I still think that--

              Kernen:  It's no longer the--

              Cramer:  --you sell this as safety.  We don't want safety
              as much as we want a little bit more reciprocality.

                        # # #


What is up ?? What do you think about the cotton bowl??? Are you going??


An interesting piece of information from the oil markets.
Iraq is trying to extract concessions from the US and threatens to shut down
production as of Oct 1 (just in time for the US elections).

The source of this info is Phil Verlaeger (an oil analyst).
He is very good but excessively concerned with Iraqi machinations.
He is the source of news (reported by Friedman of the New York Times in
his op-ed columns) about massive Iraqi trading in the
oil futures markets. I personally discount this info: the volume and
transparency of
the oil markets  would not support this type of huge scale operations by
Saddam's
government. There may be some trading by Iraqi officials on the side.

Vince


No problem about bringing it up...but you can kind of see where my mind goes
when you ask something like that!  I have no problem talking with you about
anything, but never want to have the feeling that you are still working on
correcting something else and in the end I would be the one looking stupid.
Make sense?  I'm glad that you did what you needed to!

Actually, I don't think I have moved my body from my chair this entire day
except to go from one accounting office to another.  Actually, I have been
listening to the Beach CD again and that has kept me calm.  Very soothing
music (well...most of it)...kind of like Enya.  I like to listen to stuff
like that on days like these.   Keeps me calm.  I am actually waiting for my
lunch to get here.  Some people went out and Judi and I are having them bring
us something back.  I am ready for a little break.  Maybe I will head down to
the sales dept. now.  Wish me luck!  Should be quite humorous if she is there!


Getting lots of questions on Martin.  Nothing definitive yet, but here's the
latest I have from the New York Daily News by By Rich Cimini:
http://www.nydailynews.com/2000-11-22/Metro_Sports/Football/a-89509.asp
From the article:  "The Jets provided no update yesterday on Curtis Martin,
but his injury isn't believed to be serious. His status for Sunday's game
against the Bears remains in doubt. It appears that Martin was drilled in
the tailbone by a Dolphins defender. It swelled up on the team flight back
from Miami, and ice was applied. Al Groh has declined to provide specifics,
except to say the injury occurred in the "general pelvic region."
The Jets' star running back, who underwent intensive treatment yesterday,
has told several people that he's fine. He's known for his high pain
threshold, and it wouldn't shock teammates if he played this week.

My View:  Players are notorious for being optimistic but Martin is a tough
guy.  Another reason why these Thursday games are so tough.  If you wanted
waffling, you wouldn't be signed up for this newsletter so I'm going to say
as of Wednesday morning, I think the chances he plays effectively as
normally would are 75%.
Thanks to my friend Nicholas Bollini for assistance on this one.
Good Luck this weekend.

Joe

To unsubscribe from this group, send an email to:
cheatsheets-unsubscribe@egroups.com


Gerald,
In response to AEC proposals and the sections with potential credit impact,
please see below.

Subsection 4.2(ix)-  I will need to speak to their credit about this, but
given the size of AEC in comparison to Enron, these amounts should remain as
originally drafted.

Subsection 4.2(x)- This seems more a legal issue than credit issue, let me
know your thoughts.

Section 4.6- I am OK with five business days.

Thanks
Russell

 -----Original Message-----
From:  Nemec, Gerald
Sent: Thursday, March 08, 2001 11:59 AM
To: Diamond, Russell; Whitt, Mark
Subject: ENRON DRAFT ENFOLIO AGREEMENT AND COMMENTS

I am still working through these comments.  Let me know what you think.

----- Forwarded by Gerald Nemec/HOU/ECT on 03/08/2001 11:57 AM -----

	"Crawford, Ann" <AnnCrawford@aec.ca> 03/07/2001 07:47 PM 	   To:
"'Gerald.Nemec@enron.com'" <Gerald.Nemec@enron.com>  cc:   Subject: ENRON
DRAFT ENFOLIO AGREEMENT AND COMMENTS

Gerald,

Per the attached cover letter explaining AEC's requested changes, I attach
both a blackline copy and a clean copy of the edited agreement.  Please
comment asap on items regarding the bolded text in sections 3.2, 3.4 and
8.3.

Thank you,

Ann M. Crawford
Gas Marketing
Sr.Contract Administrator

Phone: 403-266-8425
Fax: 403-290-8479

 <<aecm.amc.ltr.enrn.doc>>  <<DRAFT IN ENRN EDIT.doc>>  <<DRAFT IN ENRN EDIT
C.doc>>

 - aecm.amc.ltr.enrn.doc << File: aecm.amc.ltr.enrn.doc >>
 - DRAFT IN ENRN EDIT.doc << File: DRAFT IN ENRN EDIT.doc >>
 - DRAFT IN ENRN EDIT C.doc << File: DRAFT IN ENRN EDIT C.doc >>


Rick,

I'm not sure Felipe understands that he needs to finalize the model with me
first before he sends around a "lender package" for the senior guys to
review. We are still trying to make everything make sense, make certain
strategic decisions on presentation, and make all of the presentations tic
and tie as Connie would say.  I believe we will have no problem accomplishing
all of this by early Monday and then you and Laine can review and make
additional changes if you like.  We can talk on Monday as well about how we
handle Shell, but an expedited approach should be doable with the right
spin.  However, I am concerned that the base case you agreed with Johanas is
no longer accurate given the status of Laine's negotiations.

I did not understand specifically your question about cash below.  Could you
clarify this particular concern further for me so I can look into it.  I am
going to get much closer to the model this time than last because of the
turnover due to Robert and Joana moving on.  Give me a call if there is
anything else you want me to look into.

Regards, Rob

Richard A Lammers
12/15/2000 04:36 PM
To: Felipe Ospina/NA/Enron@ENRON
cc: Tracee Bersani@ECT, Christiaan
Huizer/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Laine A
Powell/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Rob G Gay/NA/Enron@Enron

Subject: Re: Cuiaba Lender Package

hy are we excludung cash from the lender model.Did we not do this last time.I
think shell required this. We also need to put on these models that this is
Enron's latest update and send to shell simultaneaously or get shell's
approval first( which ain't going to happen quick)


FYI
---------------------- Forwarded by David W Delainey/HOU/ECT on 05/17/2000
08:23 PM ---------------------------

Jere C Overdyke
05/17/2000 02:48 PM
To: David W Delainey/HOU/ECT@ECT
cc:
Subject: Re: Producer Insurance Targets

I will have Doug Jones contact Redmond and Thompson today regarding Reading &
Bates.  I will also have a list of targeted customers by the end of the day.

Jere


FYI
---------------------- Forwarded by Jeffrey A Shankman/HOU/ECT on 01/09/2001
09:11 AM ---------------------------

Sunita Katyal@ENRON_DEVELOPMENT
01/08/2001 05:31 AM
To: Philippe A Bibi@ECT, David Haug/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT,
Shawn Cumberland/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Mike
McConnell/HOU/ECT@ECT, Jeffrey A Shankman@ECT
cc:
Subject: Virus Alert

Gentlemen,

As advised by Rick Bergsieker, I am forwarding this e.mail to you for your
information please.

Regards,
Sunita

---------------------- Forwarded by Sunita Katyal/ENRON_DEVELOPMENT on
01/08/2001 03:20 PM ---------------------------
   Samantha Mulligan                01/08/2001 02:50 PM

To: Maurizio La Noce/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Samir
Salama/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Pete Cleary@enron.com, Kevin
Ruffcorn/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Gloria
Tolentino/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Rory
Bonafe/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Lesley
Mneimne/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Sunita
Katyal/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Sharon
Murray/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Meg
Pedrosa/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Dubai
Admin/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Aroma
Pannu/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc:

Subject: Virus Alert

FYI
---------------------- Forwarded by Samantha Mulligan/ENRON_DEVELOPMENT on
08/01/2001 14:52 ---------------------------

"David Miles" <dmiles@lfme.com> on 08/01/2001 15:15:29
Please respond to "David Miles" <dmiles@lfme.com>
To: <Undisclosed-Recipient:@mailman.enron.com;>
cc:

Subject: Virus Alert

There is a new virus - WOBBLER. It  will arrive on e-mail titled CALIFORNIA.
?
IBM and AOL have announced that it  is very powerful, more so than
Melissa,there is no remedy. It will eat all your  information on the hard
drive and also destroys Netscape Navigator and Microsoft  Internet Explorer.
Do not open anything with this title. Not many people seem to  know about
this yet so propagate it as fast as possible.

If you receive  an e-mail titled "Win A. Holiday" DO NOT open it. It will
erase everything on  your hard drive. Forward this letter out to as many
people as you can. This is a  new, very malicious virus and not many people
know about it. This information  was announced from Microsoft.

DO NOT OPEN "PRETTY PARK." It is a virus  that will erase your whole "C"
drive. It will come to you in the form of an  e-mail from a familiar person.
I repeat, DO NOT OPEN. DELETE RIGHT AWAY. It gets  into your address book.

Forward this to everyone in your address book. I  would rather receive this
warning 25 times than not receive it  once!
?
Best Regards,
David N.  Miles
Lambert Fenchurch (U.A.E.) L.L.C.
P.O. Box  26629
Sharjah
United Arab Emirates
?
Tel: +971 6 5730010
Fax: +971 6  5730050
Mob: +971 50 6323428
Email: dmiles@lfme.com
?
This Email is confidential and may  contain legally privileged information.
If you are not named above as the  addressee it may be unlawful for you to
read, copy, distribute, disclose or  otherwise use the information in this
Email message.
If you are not the  intended recipient of this Email message please
telephone, fax or Email us  immediately.
Although Lambert Fenchurch (U.A.E.) L.L.C. believes this Email  and any
attachments to be free of any virus or other defect which may affect  your
computer, it is the responsibility of the recipient to ensure that it is
virus free and Lambert Fenchurch (U.A.E.) L.L.C. does not accept any
responsibility for any loss or damage arising in any way from its  use.


Start Date: 1/15/02; HourAhead hour: 13;  No ancillary schedules awarded.  No variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final Schedules\2002011513.txt


Don't forget that Herman reads everything, and to ask Fred if this deal will
be DASH'ed.  (I don't know if it should, but probably so.)


Sheila,

Gran't number:  (281) 381 9987.

This is his cell phone number.

Vince


I enjoyed lunch today also.  It was nice to feel normal, even if only for a
short time.


Notice No. 00-362
October 25, 2000

To:
All NYMEX Division Members
All NYMEX Division Member Firms
All NYMEX Division Clearing Members
All NYMEX Division Operations Managers

From: George Henderson, Vice President

Re: Revised Crude Oil Options Expiration Date

It has come to the attention of the Exchange that some earlier publications
may contain an incorrect option expiration date. Please be advised that the
expiration date for the Crude Oil Options December 2000 contract month (LO
Z00) has been revised to Tuesday, November 14, 2000.

Should you have any questions regarding this matter, please contact the Floor
Departments Systems Area at (212) 299-2626.

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

"http://208.206.41.61/email/email_log.cfm?useremail=sara.shackleton@enron.com&
refdoc=(00-362)"

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


To support the data storage of ZMET data here is a proposal for what the
table structure should be.  In addition, after discussing the status messages
it is important to differentiate between those which effect availability and
those that do not.  The FAULTS table includes a flag field INCLUDE which
serves this purpose for STAR.

A improvement to this table would be to add a counter description field
var(4) which would hold one of the following descriptions; SOT, LOT, DT, WOT,
MT, RT, and EST.  This will allow us do differentiate status messages by
which counter they are associated with.

Since the intent is to mirror the SQL Server and the STAR db we need to make
these changes to both.  I'd like to get the SQL server changes ASAP so I can
develop some additional reports.

Let me know what you think

JD


Hi,

    Previously I forwarded an email to you which contain a list of options products we are considering making markets in.

    Many of you have asked for more details on these (exotic) options products.

    In response to this request, I will be periodically forward modules to your attention which give further details on these options products.

    Please do not hesitate to contact me if you have any questions, comments, etc.

Regards,
Iris
Power Options Trading Desk
x3-6711


Please take a moment to answer the following eight questions on the EWS Key
Leadership Survey.  By responding you will help us understand your level of
satisfaction with the EWS HR team. The information gathered from this survey
will help us measure our performance and add a quantative element to that
evaluation.  In turn, we can better serve you through improvements in our
human resources actions.

This information is for internal use only and will remain confidential.

Please click on the link below.

Experiencing technical problems?  If this link does not automatically launch
the questionnaire:
1.  Launch by copying the link below into your browser, or
2.  If you continue to have technical difficulties, please send an email
message to EWS human resources (MS Outlook)
3.  Please do not forward this link to anyone else, as it is unique for each
respondent.

http://etcsurvey.corp.enron.com/wi/p0634050/i.asp?r=241&s=QRRBRHQJ&l=9


The Capitol Connection is pleased to announce that it will broadcast the
recently announced Federal Energy Regulatory Commission Open Meeting on:

Monday, June 18, 1:00 p.m. EDT

This meeting will be broadcast via the Capitol Connection's television
system in the Washington, D.C. as well as via the internet and telephone
bridge.

The Capitol Connection is pleased to announce that it will also broadcast
the previously announced Federal Energy Regulatory Commission Open Meetings
on:

Wednesday, June 13, 10:00 a.m. EDT
Wednesday, June 27, 10:00 a.m. EDT

The technical conference on:

Tuesday, June 19, 10:00 a.m. EDT

Will be broadcast via the internet and phone bridge only.

Meeting dates and times are subject to change without notice. For current
information, you can go to our website at www.capitolconnection.org for a
link to the FERC's page or you can go to the FERC's web page at
www.ferc.fed.us. The FERC Office of the Secretary can be reached at
202.208.0400.

The Capitol Connection also offers FERC meetings live via the Internet, as
well as via Phone Bridge, and satellite, please visit our website at
www.capitolconnection.org. or send e-mail to capcon@gmu.edu for more
information. If there is a meeting you are interested in receiving, please
call David Reininger, Shirley Al-Jarani or Julia Morelli at 703-993-3100.


Vince,

I just received this message. What do you think? Should I register to attend
it?

Sevil,

---------------------- Forwarded by Sevil Yaman/Corp/Enron on 10/24/2000
02:20 PM ---------------------------

pwpens <pwpens@socrates.Berkeley.EDU> on 10/24/2000 12:16:14 PM
To: (Recipient list suppressed)
cc:

Subject: Electricity Summit at U.C. Berkeley

Register now to attend the

          ELECTRICITY SUMMIT AT U.C. BERKELEY, NOVEMBER 13, 2000

U.C. Berkeley's Goldman School of Public Policy, with additional support
from the U.C. Berkeley's Competition Policy Center and the U.C. Energy
Institute, will host a meeting of industry representatives, policy makers,
consumers representatives, legislators and researchers to discuss the
electricity restructuring experience and potential solutions to the
difficulties that California and other governments have encountered.  The
summit will run from 12:30-6pm with two roundtable discussions that will
include a wide variety of viewpoints.

For registration information and further details, go to
  http://gspp.berkeley.edu/events/electricity_summit_conference.htm


Attached is the agency form from El Paso.

We still need more detailed information for our credit evlauation. Please
send information to Barry Tycholiz ASAP @ Enron Corp., 1400 Smith Street,
Houston, Tx 77002.
His e:mail is barry.tycholiz@enron.com. - 713-853-1587

We should be able to send initial paperwork Tuesday. Since June 1st is on
Friday, we will need to nominate  on Thursday.

I checked with El Paso: should something go wrong, you have until the 30th to
post your capacity for the month of June.

I'll be checking in.

Have a good weekend,

Stephanie

 -----Original Message-----
From:  "Hobson, W. Frank" <Frank.Hobson@ElPaso.com>@ENRON
[mailto:IMCEANOTES-+22Hobson+2C+20W+2E+20Frank+22+20+3CFrank+2EHobson+40ElPaso
+2Ecom+3E+40ENRON@ENRON.com]
Sent: Friday, May 25, 2001 1:38 PM
To: Miller, Stephanie
Subject: Agency Form

******************************************************************
This email and any files transmitted with it from the ElPaso
Corporation are confidential and intended solely for the
use of the individual or entity to whom they are addressed.
If you have received this email in error please notify the
sender.
******************************************************************
 - EPNG Agency Agmt Auth 10 2000.doc


Thank you, I look forward to talking with you.

Dennis W. Loughridge
Director of Energy Consortium
Rice University
713-348-2812

-----Original Message-----
From: Kaminski, Vince J [mailto:Vince.J.Kaminski@enron.com]
Sent: Tuesday, January 29, 2002 12:25 PM
To: loughrid@rice.edu
Cc: vkaminski@aol.com
Subject: RE: Rice Executive Education

Dennis,

I shall be very glad to meet with you.
I have to visit the campus next week to talk to the Dean about some
other issues. I shall give you a call when this meeting is scheduled.

Vince

My personal information:

Vince Kaminski
10 Snowbird Place
The Woodlands, TX 77381
(281) 367 5377 (h)

vkaminski@aol.com

>  -----Original Message-----
> From:         "Dennis W. Loughridge" <loughrid@ruf.rice.edu>@ENRON
> Sent: Monday, January 28, 2002 3:39 PM
> To:   Kaminski, Vince J
> Cc:   Wilfred Uecker
> Subject:      Rice Executive Education
>
> Vince
> You and I met last year when I had to opportunity to sit in your Energy
> Derivatives class.
>
> I work with Wil Uecker and have been trying to expand our executive
> education programs for energy companies. The area that seems to have to
most
> interest is trading and risk management. There seems to be a market, some
of
> the faculty is working in this area, and it would leverage the facilities
in
> the new building.
>
> We are in the very early stages of thinking about this and would welcome
> your input and involvement. I have proposed that we design a fairly
> comprehensive program to cover the essential competencies which
> professionals in these areas master. The design should have input from
both
> academics and practitioners. Once we have some outline of the content, we
> can address delivery options.
>
> This is obviously vague, but I believe that it has the potential to be of
> significance for the Jones School. I am also aware that other schools are
> working on similar concepts. Please let me know if you have any interest
in
> this initiative. I would welcome your ideas and the chance to meet with
you.
>
> Dennis W. Loughridge
> Director of Energy Consortium
> Rice University
> 713-348-2812
>
>

**********************************************************************
This e-mail is the property of Enron Corp. and/or its relevant affiliate and
may contain confidential and privileged material for the sole use of the
intended recipient (s). Any review, use, distribution or disclosure by
others is strictly prohibited. If you are not the intended recipient (or
authorized to receive for the recipient), please contact the sender or reply
to Enron Corp. at enron.messaging.administration@enron.com and delete all
copies of the message. This e-mail (and any attachments hereto) are not
intended to be an offer (or an acceptance) and do not create or evidence a
binding and enforceable contract between Enron Corp. (or any of its
affiliates) and the intended recipient or any other party, and may not be
relied on by anyone as the basis of a contract by estoppel or otherwise.
Thank you.
**********************************************************************


If anyone needs help with any of Randy's desk, please let either Robert, Joe or myself know -- thanks.

 -----Original Message-----
From: 	Forbish, Sherry
Sent:	Tuesday, January 15, 2002 7:56 AM
To:	Cara Vaughan (E-mail); Chris Greaney; Debra Scurlock; Harry Woodson; Janet McDaniel; Jean Adams; Joe Linhart; Kathy Sturr; Randy Janzen; Robert Benningfield; Scott Hibbard; Sherry Forbish
Subject:	Randy J.

Randy called in early this a.m. -- he's not feeling well at all.  The doctor has changed his antibiotic.  If anyone needs to talk to him, he will be at his house.


What is the credit status for SDG?   Have you restricted online trade?

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


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 06/19/2000
08:21 AM ---------------------------

VKaminski@aol.com on 06/16/2000 07:53:31 PM
To: vkamins@enron.com
cc:
Subject: Fwd: EDGAR Online SECrets Newsletter 6/12/00

Return-Path: <newsletter@edgar-online.com>
Received: from  rly-yc04.mx.aol.com (rly-yc04.mail.aol.com [172.18.149.36])
by air-yc01.mail.aol.com (v74.17) with ESMTP; Fri, 16 Jun 2000 10:30:34 -0400
Received: from  edgar4.edgar-online.com ([209.11.14.137]) by
rly-yc04.mx.aol.com (v74.17) with ESMTP; Fri, 16 Jun 2000 10:29:38 -0400
Received: from edgar2.edgar-online.com ([209.10.113.102])          by
edgar4.edgar-online.com (Post.Office MTA v3.5.3 release 223          ID#
0-0U10L2S100V35) with SMTP id com for <vkaminski@aol.com>;          Fri, 16
Jun 2000 10:27:52 -0400
X-Mailer: JgMail Version 1.2.3
Date: Fri, 16 Jun 2000 07:30:46 PDT
To: "vkaminski@aol.com" <vkaminski@aol.com>
From: EDGAR Online News <newsletter@edgar-online.com>
Subject: EDGAR Online SECrets Newsletter 6/12/00
Mime-Version: 1.0
Content-Type: text/plain; charset="us-ascii"
Message-ID: <200006161029.WNUa03496@rly-yc04.mx.aol.com>

****************************************
You are receiving this newsletter because you are a
registered user of EDGAR Online. To unsubscribe, see
instructions at the bottom of this email.
****************************************
EDGAR Online's SECrets Newsletter
Editor: Tim Middleton, EDGAR Online Analyst
editor@edgar-online.com

SECrets, published every Monday, is written
by EDGAR Online Analyst, Tim Middleton.  Tim has covered
business and financial topics for The Wall Street Journal,
The New York Times, Dow Jones News Service and
Crain's New York Business.  Twice nominated for the
Pulitzer Prize in investigative journalism, his weekly
business reports can be heard on WCBS Radio and Microsoft
MoneyCentral Radio.

/----------ADVERTISEMENT--------------------
StockPower provides tools to help you turn your customers
Into brand loyal, shareholding customers. Shareholding
customers spend more, visit more and refer you more frequently.
Find out why more and more companies are tapping into
StockPower to create brand loyalty.

http://www.doubleclick.net/live/stockpower/default.htm
\--------------------------------------------/

----------------------------------------
***QUESTION OF THE WEEK***
----------------------------------------
QUESTION: What are "blue sky" regulations?

ANSWER:  When a company goes public, it
must file a registration statement
with the Securities and Exchange
Commission, which regulates the federal
securities laws.  Also, each state has
its own set of regulations - known as
"blue sky laws."  Thus, before a company
can sell stock in particular state, the
securities must be "blue skied."  The origin
of the phrase comes from the late 1800s,
when a judge compared an IPO to the value
of a section of the blue sky.

/------ADVERTISEMENT----------------------Purchase Business/Credit Reports
from Dun & Bradstreet
on over 11 million U.S. businesses. Click on the
"Resources" link when you look up SEC filings for any
public company, or search by company name and state at
http://www.edgar.telebase.com.
\-----------------------------------------/

----------------------------------------
***ON THE INSIDE***
----------------------------------------
Ariba Inc. (ARBA) helps manufacturers like DuPont and
distributors like FedEx streamline purchasing with
procurement software, but corporate insiders have been
doing far more selling than buying of their company's
stock.

A rash of insiders have filed Form 144 in recent days,
weeks and months, notably co-founder and Chief Financial
Officer Edward Kinsey. On June 6, he filed to sell 90,000
shares valued at $5.0 million, or $55 a share, through
Morgan Stanley Dean Witter, lead underwriter of Ariba's
IPO one year ago. May 30 he filed to sell 100,000 shares
for $7 million, and May 18 the Kinsey Family Foundation
filed to sell 14,000 shares for $1.1 million.

Marketing vice president David Rome filed to sell 150,000
shares for $10.5 million on May 30. Robert D. Lent, vice
president for corporate development, filed May 24 to sell
200,000 shares for $14.3 million.

The sales come long after Ariba's price peaked at $183.34
in early March, before the Nasdaq Stock Market plunged amid
the fallout over rising interest rates and concern about
soaring valuations. Back then insiders, who began to sell
immediately after the six-month lock-up on their shares
expired, were reaping far more from their sales: Rome, for
example, indicated in a February 1 filing he would sell
200,000 shares for $35 million.

Business-to-business is regarded as the hottest of the
Internet's hot spots, and Ariba as a leader in its niche.
The insider sales are tiny in comparison with the company's
235.8 million outstanding shares, but they make a dent in
the float -- more than two-thirds of Ariba's stock is owned
by insiders and institutions.

Recent Ariba filings:

Prakoon & Emily I. Chen Form 144
http://www.edgar-online.com/auth/doctrans/default.asp?doc=B-100980

Craig Federighi Form 144
http://www.edgar-online.com/auth/doctrans/default.asp?doc=B-103530

Stuart R. Gold Form 144
http://www.edgar-online.com/auth/doctrans/default.asp?doc=B-102270

Alan Hibdon Form 144
http://www.edgar-online.com/auth/doctrans/default.asp?doc=B-99835

Velvet Higley Form 144
http://www.edgar-online.com/auth/doctrans/default.asp?doc=B-102724

Joshy Joseph Form 144
http://www.edgar-online.com/auth/doctrans/default.asp?doc=B-100489

Edward Kinsey Forms 144
http://www.edgar-online.com/auth/doctrans/default.asp?doc=B-103531
http://www.edgar-online.com/auth/doctrans/default.asp?doc=B-102418
http://www.edgar-online.com/auth/doctrans/default.asp?doc=B-99834

Robert D. Lent Form 144
http://www.edgar-online.com/auth/doctrans/default.asp?doc=B-100981

Ramae Ogilvie Form 144
http://www.edgar-online.com/auth/doctrans/default.asp?doc=B-102725

Chester B. Petrow Form 144
http://www.edgar-online.com/auth/doctrans/default.asp?doc=B-102420

David Rome Form 144
http://www.edgar-online.com/auth/doctrans/default.asp?doc=B-102419
http://www.edgar-online.com/auth/doctrans/default.asp?doc=B-80023

Form 8-K/A, March 8, 2000
http://www.edgar-online.com/auth/edgardoc/DocFrame.pl?doc=A-1084755-0000912057
-00-025127&fmt=text&nad=&x=37&y=17

Form 10-Q, May 15, 2000
http://www.edgar-online.com/auth/edgardoc/DocFrame.pl?doc=A-1084755-0000912057
-00-024553&fmt=text&nad=&x=38&y=16

NOTE: SEC regulations require corporate insiders -- defined
as officers, directors and persons or entities that own 10%
or more of any class of a company's shares -- to disclose
sales on Form 144.

********************************
----------------------------------------
*** IPOs  ON DECK FROM IPO EXPRESS***
----------------------------------------
Note:  Before a company can go public
(that is, sell shares on an exchange),
it must file an S-1 form with the SEC.
The S-1 document, easily accessible via EDGAR Online,
is extensive and includes such information as:
risk factors, financials, strategy, industry trends,
management bios, investors and more.

Accord Networks Ltd. of Petach-Tikva, Israel (ACCD)
http://www.edgar-online.com/ipoexpressn/company.asp?company=4771

EDGAR INSIGHT:  Accord Networks of Israel filed for an IPO on
June 8. Accord makes and distributes the MGC-100 networking
system enabling real-time interactive visual communications.
The system is deployed by providers and customers including
Microsoft, Deutsche Telekom and the University of Notre Dame.

Victory Entertainment of Orlando, FL (VICT)
http://www.edgar-online.com/ipoexpressn/company.asp?company=4770

EDGAR INSIGHT: Victory Entertainment, which filed for an IPO
on June 7, specializes in television and internet programming
and corresponding merchandise.  Among its planned projects is
NEXTBIGSTAR.com, an online talent search program hosted by Ed
McMahon, and several dramatic and animated series.

Inrange Technologies Corp. of Mt. Laurel, NJ (INRG)
http://www.edgar-online.com/ipoexpress/company.asp?ccompany=4763

EDGAR INSIGHT:  Inrange Technologies creates networking and
switching solutions for storage, data and telecommunications
networks.  The company, which filed for an IPO on June 5, has
installed its product at sites in more than 90 countries, and
customers include American Express, Bell Atlantic, Cisco Systems
and Delta Airlines.

WJ Communications Inc. of Palo Alto, CA (WJCI)
http://www.edgar-online.com/ipoexpresssn/company.asp?company=4760

EDGAR INSIGHT:  WJ Communications Inc. filed for an IPO on
June 2.  The company creates innovative broadband communications
products and has over 40 years of experience in developing radio
frequency products.  WJCI was founded in 1957 as the
Watkins-Johnson company, which dealt in defense and space
communications systems.

First Shares Bancorp Inc. of Greenwood, IN (FRSH)
http://www.edgar-online.com/ipoexpressn/company.asp?company=4327

EDGAR INSIGHT:  First Shares Bancorp Inc. announced June 6 that
it is priced for trading at $8.50 per share for up to 750,000
shares and trading will commence the week of June 19.  The company
owns all common shares of the First Bank of Indiana.

Charles River Laboratories Corp. of Wilmington, MA (CRL)
http://www.edgar-online.com/ipoexpressn/company.asp?company=4611

EDGAR INSIGHT:  Charles River Laboratories filed a June 6
pricing of $15-$17 per share for 12.5 million shares.  The
company, which provides research tools and support services,
plans to use IPO proceeds to pay off debt.

Cooperative Holdings Inc. of Belleville, NJ (CCII)
http://www.edgar-online.com/ipoexpressn/company.asp?company=4538

EDGAR INSIGHT:  Cooperative Holdings was priced on June 5 at
$9-$11 a share for 6 million shares.  The company provides
telecommunications services and DSL to New Jersey and looks
to expand to the Mid-Atlantic market.  It currently has more
than 7,500 small business customers.

/----------ADVERTISEMENT--------------------Subscribe to IPO Express and you
can receive company
reports, Daily wrap-ups and Weekly summaries of the IPO
market sent direct to your desktop.

Go to http://www.ipo-express.com.com
for more information.
\-------------------------------------------/
---------------------------------------
**RECENT IPOs FROM IPO EXPRESS**
----------------------------------------

UbiquiTel Inc. of Bala Cynwyd, PA (UPCS)
http://www.edgar-online.com/ipoexpressn/company.asp?company=4382

EDGAR INSIGHT:  UbiquiTel, which began trading on June 7, is
the exclusive provider of Sprint PCS services to approximately
7.7 million people in small western and Midwestern U.S. markets.
It was priced June 7, 2000, at $8 per share for 12.5 million
shares. The company had originally planned to release 14.5
million shares.

Founders Food & Firkins Ltd. of St. Louis Park, MN (GCFB)
http://www.edgar-online.com/ipoexpressn/company.asp?company=4084

EDGAR INSIGHT:  Founders Food & Firkins Ltd. began trading
June 7 at $4.13 per share for one million shares.  The company
operates the Granite City Food & Brewery Restaurant in St. Cloud,
Minnesota, and hopes to use IPO funds to fund two additional
restaurants in North and South Dakota.

Exult Inc. of Irvine, CA (EXLT)
http://www.edgar-online.com/ipoexpressn/company.asp?company=4340

EDGAR INSIGHT:  Exult Inc. began trading on June 2, at $10 per
share for 6 million shares.  The company's eHR service is designed
to manage the human resource departments for Global 500 companies.
The company, which was originally called BPO-US, plans to use
the IPO proceeds to fund corporate expenses and as working
capital.

To view all recent IPO filings:
http://www.edgar-online.com/ipoexpress/recent.htm

To access over 2,500 IPO  Filings and
Information on over 1,500
Underwriters, click over to EDGAR
Online's IPOExpress:

http://www.edgar-online.com/ipoexpress
----------------------------------------
}**COMPANIES MENTIONED IN THIS ISSUE***
Accord Networks Ltd
American Airlines
Ariba Inc
Bell Atlantic
Charles River Laboratories Corp
Cisco Systems
Cooperative Holdings Inc
Delta Airlines
Deutsche Telekom
DuPont
Exult Inc
FedEx
First Banc of Indiana
First Shares Bancorp Inc
Founders Food & Firkins Ltd
Inrange Technology Corp
Microsoft
Morgan Stanley Dean Witter
UbiquiTel Inc
University of Notre Dame
Victory Entertainment
WJ Communications Inc

----------------------------------------
**PEOPLE MENTIONED IN THIS ISSUE***
----------------------------------------
Prakoon & Emily I. Chen
Craig Federighi
Stuart R. Gold
Alan Hibdon
Velvet Higley
Joshy Joseph
Edward Kinsey
Kinsey Family Foundation
Robert D. Lent
Ed McMahon
David Rome

 ----------------------------------------
Copyright 2000, EDGAR Online
http://www.edgar-online.com
-----------------------------------------

DISCLAIMER: The EDGAR Online report
contains observations of its editor
Tim Middleton, a consultant of EDGAR
Online and is for informational purposes
only.  These statements and expressions
are the sole opinions of Mr. Middleton and
EDGAR Online does not endorse nor
necessarily agree on such statements
and expressions.  Factual statements in
this report are made as of the date
stated and are subject to change
without notice.  Nothing contained
herein shall be deemed to be
recommendations to buy, hold or sell
securities nor shall it purport to be a
complete analysis of the companies
mentioned.  While the information
contained in this Report and the opinions
contained herein are based on
sources believed to be reliable,
neither Mr. Middleton nor EDGAR Online
have  independently verified the facts,
assumptions and/or estimates that may
be contained in this Report. Accordingly, no
representation or warranty, expressed or implied,
is made as to, and no reliance should be placed
on, the fairness, accuracy, completeness or
correctness of the information and opinions
contained in this Report.

****************************************
To unsubscribe from the SECrets Newsletter,
go to http://www.edgar-online.com/auth/updateinfo.asp
and deselect the free newsletter option.
If you need your user name or password, go to
http://www.edgar-online.com/username.asp.
For help, contact support@edgar-online.com.
****************************************


Attached are the bullets for Lynn's group.


You know, generally, when I'm up in the morning, hanging around, getting
ready to start the day, I can't see any reason to put clothes on.  I am much
more comfortable that way.  Always been that way.

Good goal.  It would be easiest for me to have the meeting in SF.  Next
week's fine for me.  Monday's a day off for me.  You?  Or we could set
something up in the morning next week.  Just let me know.

	Cameron Sellers <cameron@perfect.com>
	01/11/2001 12:16 PM

		 To: "'Jeff.Dasovich@enron.com'" <Jeff.Dasovich@enron.com>
		 cc:
		 Subject: you and me

Sorry for surprising you this morning!!  Nothing wrong with being
comfortable in your birthday suit.

Speaking of birthdays, I think we should have a goal to get my company
acquired by your company by May 30, 2001.  Good goal, huh??

I want to talk to you about the details I have been thinking about while you
were gone.  When should we talk??  Let,s set up a meeting so we make sure to
move this all forward.

Welcome back.

-C

Cameron Sellers
Vice President, Business Development
PERFECT
1860 Embarcadero Road - Suite 210
Palo Alto, CA 94303
cameron@perfect.com
650.798.3366 (direct dial)
650.269.3366 (cell)
650.858.1095 (fax)


Start Date: 1/9/02; HourAhead hour: 21;  No ancillary schedules awarded.  No variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final Schedules\2002010921.txt


Cliff Shedd will present Enron's political risk insurance process at the
February 1 meeting.  Afterwards, we will have presentations from other
members of the risk group.  The meeting may take an extra 30 minutes.

REMINDER
If you will be participating by video conference, please have your local
technician call Rodney Keys in Houston at (713) 853-9631 as soon as possible
to make sure everything is ready for the call on Feb 1.

If you have any questions, please give me a call at (713) 853-3226.


Actually, we are working with each group to see why their charges are up and we are trying to get them reduced.  We will discuss with Stan at our ETS review and do further follow up if necessary.  We actually met with Terry West and Dawn Derr last week to get their input and contacts.

 -----Original Message-----
From: 	Tran, Agatha
Sent:	Thursday, October 04, 2001 9:57 AM
To:	Geaccone, Tracy
Cc:	Sommers, Jeffrey E.
Subject:	corp charges review

Tracy,
Jim had wanted to meet with the business heads that charges us thru the corp charges to hear their business justifications and assumptions used in allocating costs to us.  I just want to check if you are doing this with Stan.  If you are, then maybe Jim can just sit in the same meeting.  Please let me know.  Thank you.


Attached is a marked-up draft of the Enron standard confidentiality
agreement.  Please review it and get back to me with your comments.

Additionally, I have attached a copy of the Firm Purchase/Sale Agreement that
makes Ormet's changes to the Guarantee Agreement on Exhibit D consistent on
the Exhibit C Guarantee Agreement.

Pending your comments on the Confidentialty Agreement, the only item
outstanding is the $1.5 million collateral threshhold.

I look forward to hearing from you as soon as possible.

Thanks,
Mike

 - Enron_CA.doc
 - Enron_Agreement.doc


Done.

 -----Original Message-----
From: 	Gray, Mary Griff
Sent:	Tuesday, September 18, 2001 7:06 AM
To:	Jones, Tana
Subject:	FW: Aquila Broadband Services requesting ability to transact bandwidth products

Tana ---

Do you have an ETA on when this customer will be blessed?

Thanks,
Griff
 -----Original Message-----
From: 	Lebrocq, Wendi
Sent:	Thursday, September 13, 2001 5:33 PM
To:	Gray, Mary Griff
Subject:	RE: Aquila Broadband Services requesting ability to transact bandwidth products

This is ok.  I have changed the profile, but Legal and Contracts need to look at it before it goes through.

Regards,

Wendi LeBrocq
3-3835

 -----Original Message-----
From: 	Gray, Mary Griff
Sent:	Thursday, September 13, 2001 7:43 AM
To:	Lebrocq, Wendi; Moran, Tom
Subject:	FW: Aquila Broadband Services requesting ability to transact bandwidth products

Any decision on this customer's request?

 -----Original Message-----
From: 	Gray, Mary Griff
Sent:	Wednesday, September 05, 2001 1:44 PM
To:	Lebrocq, Wendi; Moran, Tom
Subject:	Aquila Broadband Services requesting ability to transact bandwidth products

Wendi/Tom,

Below is customer's email:

Aquila Broadband Services (ABS) is requesting that you please reauthorize
our ability to execute broadband trades with Enron.  We currently have the
ability to view the markets with our user ID, but we would like the access
to transact with Enron from both the bid and offer side.

Please let me know your decision.

Thanks,
Griff


By its January 8 order, the FERC clarified that it did not intend to preclude
the PX from engaging in bilateral forward contracting  and that the PX was
free to remove spot market components from its forward contracting rate
scheduling.  In its request for rehearing, the PX argued that: (1) FERC had
failed to fix a just and reasonable rate, (2) FERC did not remove the ongoing
prohibition on the IOUs trading in its markets, (3) the January 8 order
prohibited it from operating a spot market and that prohibition was unduly
discriminatory, and (4) FERC failed to provide a viable alternative to its
forward market rate schedule.  FERC dismissed the PX's request for rehearing
of its January 8 order, finding that all of the PX's concerns emanate from
the FERC's December 15 order not its January 8 order..   See attached order.
- EL00-95.1


Click Here to see Barn Yard Fun! Click Here To See Extreme Adult Farm Action
Girls Who Love Horses
Sluts who think dogs are GIRLS best friendClick Here
 This is a very graphic site Mature Audience ONLY
You MUST be at least 18 years old to enter

If you wish to unsubscribe, click here !


mighty testy on the complement , next time I just keep my stay silent

but you do look nice today

dq


Allyson,

You should receive some formation documents relating to Edgecombe
Development.  The name is not spelled correctly (missing an "e"), but that is
being corrected at this time.

 Bob spoke to me about wanting Enron to send a letter concerning the
financing arrangements for the project.  I would like for us to discuss this
as well.

Kay


John,

Thanks a lot.

Vince


Lucy:

Cemex has previously signed a confidentiality agreement with us based on our
form of agreement.  Their form is significantly more burdensome for us.  I
would prefer that we send our form and let them know that it is substantially
similar to one previously executed in connection with another matter.

Mark

Lucy Ortiz
12/14/99 08:20 AM
To: Mark Taylor/HOU/ECT@ECT, Susan Flynn/HOU/ECT@ECT
cc:
Subject: CEMEX USA-Weather Confidentiality Agreement

Morning to all,

Cemex would like us to sign this confidentiality agreement.  Would you please
look it over and let me know if it is ok for Lynda to sign?

Many thanks,

Lucy
---------------------- Forwarded by Lucy Ortiz/HOU/ECT on 12/14/99 08:17 AM
---------------------------

	From:  George Zivic                           12/14/99 07:50 AM

To: Lucy Ortiz/HOU/ECT@ECT
cc:
Subject: CEMEX USA

Lucy,
Can you please send this to someone in leagal ASAP ?
You had told me that Sherri Stack was out?
They are looking to potentially do something for Jan/Feb.

Thanks so much.
George
------------------------------------------------------------------------------
------------------------------------------------------------------------------
------------------------------------------------------------------------------
----------------

GARY BURNS
11/30/99 12:33 AM

To:   Gzivic@ect.enron.com@cemexusa
cc:
Subject:  Public Data on Cement Consumption in S. Texas

George,
      As discussed, attached are files containing public data on cement
consumption in S. Texas.  I will work on getting a confidentiality agreement
progressed.    Thanks,  GPB

(See attached file: S_Tex_comp.xls)(See attached file: Mejor2.xls)


For Wednesday:

We're short tomorrow on peak at Palo Verde - 25 mw under STWBOM, 25 mw under STSW. Please puchase to fill these schedules; reduce the purchases from EPE to $4 (711216 and 711225); sell back to EPE at $0. You will know you've done this correctly when the CARP report EXACTLY matches the El Paso model. Following are the details of the lending agreement:

711216 - STWBOM buys EPE
	 On Peak @ PV
	 25 MW @ $51

711224 - STWBOM sells STSW
	 On Peak @ PV
	 25 MW @ $51

711225 - STSW buys EPE
	 On Peak @ PV
	 25 MW @ $51

Please let me know if you have any questions. I can always be reached on my cell phone - 503-819-2181.

Thanks,
Kate


That's about it re Japanese weather counterparties but re Japanese counter
parties generally, yes I will send you checklist when it is done.  In
meantime, maybe better to contact me each time you get application from
Japanese counter party for anything.
Jane

	Tana Jones@ECT
	10/17/2000 12:31 AM

		 To: Jane McBride/AP/Enron@ENRON
		 cc:
		 Subject: Re: EOL-Weather trading-Password applications

I'll wait for your direction since we need to communicate this to EOL and
Credit.

	Jane McBride@ENRON
	10/16/2000 07:03 AM

		 To: Tana Jones/HOU/ECT@ECT
		 cc: Alan Aronowitz/HOU/ECT@ECT, Mark Evans/Legal/LON/ECT@ECT, Rousseau
Anai/AP/Enron@Enron, Joseph P Hirl/AP/ENRON@ENRON, Morten E
Pettersen/AP/Enron@Enron, David Minns/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT,
Mingcheng Lian/AP/Enron@Enron
		 Subject: EOL-Weather trading-Password applications

Dear Tana,

Re Japanese counterparties generally, we are preparing a list of documents to
be submitted at time of application for passwords, as well as a check box for
use by EOL staff in considering applications to deal with the various general
legal issues which have been raised.  (The idea is that anything which falls
out of the boxes comes to me for separate consideration but we trying to do
it to minimize this need.)

Re Japanese counterparties which want to do weather, the safest approach for
a would-be counter party which is not a bank, securities company or insurance
company (or at least does not have these words in its name) is for the
application to come back to me in Tokyo for consideration in the context of
the laws which prohibit gambling and what we can do to protect ourselves.

Thanks.

Jane McBride

	Tana Jones@ECT
	10/13/2000 01:58 AM

		 To: Jane McBride/AP/Enron@Enron
		 cc:
		 Subject: Japan PAs

Per our conversation while you were here, attached is a list of all the
Japanese counterparties that have requested Password Applications from
EnronOnline.  Let me know you thoughts about this, and, as we discussed,
online due diligence with respect to Japanese counterparties.
----- Forwarded by Tana Jones/HOU/ECT on 10/12/2000 11:56 AM -----

	Lisa Lees
	10/05/2000 08:53 AM

		 To: Tana Jones/HOU/ECT@ECT
		 cc:
		 Subject: Japan PAs

Let me know if you need anything else.


I will be emailing all of you with any capacity issues I find.

CGLF k#64502 ;  This is an offshore FTS2 contract that we use with the West
Cam Devon production.  The demand charge is $1.4381 on a volume of 29,000 dts
and the commodity is $.0024.  According to my notes; this is a volumetric
demand contract and the volumetric demand charge in my sheet is $.0648

I am changing this to a regular demand charge contract in Sitara and the
worksheet.

Comments/Questions?


------------------------------------------------------------------------------------------------------
W E E K E N D   S Y S T E M S   A V A I L A B I L I T Y

F O R

November 16, 2001 5:00pm through November 19, 2001 12:00am
------------------------------------------------------------------------------------------------------

SCHEDULED SYSTEM OUTAGES:

ARDMORE DATA CENTER - FACILITY OPERATIONS: No Scheduled Outages.

AZURIX: No Scheduled Outages.

EB34 DATA CENTER - FACILITY OPERATIONS: No Scheduled Outages.

EDI SERVER: No Scheduled Outages.

ENRON CENTER SOUTH DATA CENTER - FACILITY OPERATIONS: No Scheduled Outages

ENRON NORTH AMERICAN LANS:
Impact:  3AC
Time:  Fri 11/16/2001 at  10:00:00 PM CT thru Sat 11/17/2001 at 12:00:00 AM CT
	Fri 11/16/2001 at    8:00:00 PM PT thru Fri 11/16/2001 at  10:00:00 PM PT
	Sat 11/17/2001 at  4:00:00 AM London thru Sat 11/17/2001 at  6:00:00 AM London
Outage:  Swing 3AC 8th and 9th floors to CORP IP space.
Environments Impacted:  8th
Purpose: EBS Integration
Backout: re-issue original configurations, bring trunk to eb44 back up.
Contact(s): 	Micah Staggs    713-345-1696

Impact:  Ardmore
Time:  Sat 11/17/2001 at  10:30:00 PM CT thru Sun 11/18/2001 at   2:30:00 AM CT
	Sat 11/17/2001 at     8:30:00 PM PT thru Sun 11/18/2001 at 12:30:00 AM PT
	Sun 11/18/2001 at  4:30:00 AM London thru Sun 11/18/2001 at  8:30:00 AM London
Outage:  Add redundant connections between ARD-COR-CCX1/2 and ENA-CX1/2-ARD
Environments Impacted:  All
Purpose: Increased bandwidth / resiliency available on the MAN
Backout: Put original equipment/configs back in place
Contact(s): 	Dennis McGough    713-345-3143

FIELD SERVICES:  No Scheduled Outages.

INTERNET: No Scheduled Outages.

MESSAGING:
Impact:  Corp Notes
Time:  Fri 11/16/2001 at  9:00:00 PM CT thru Sat 11/17/2001 at    1:00:00 AM CT
	Fri 11/16/2001 at  7:00:00 PM PT thru  Fri 11/16/2001 at  11:00:00 PM PT
	Sat 11/17/2001 at  3:00:00 AM London thru Sat 11/17/2001 at  7:00:00 AM London
Outage:  cNotes Server Reboots
Environments Impacted:  All users on any of the mailservers listed below
Purpose: Scheduled @ 2 week interval
Backout: Make sure server comes up.
Contact(s): 	Trey Rhodes  (713) 345-7792

Impact:  EI
Time:  Fri 11/16/2001 at  9:00:00 PM CT thru Sat 11/17/2001 at    1:00:00 AM CT
	Fri 11/16/2001 at  7:00:00 PM PT thru  Fri 11/16/2001 at  11:00:00 PM PT
	Sat 11/17/2001 at  3:00:00 AM London thru Sat 11/17/2001 at  7:00:00 AM London
Outage:  EI Notes Server Maintenance
Environments Impacted:  EI Local/Domestic/Foreign Sites
Purpose: Scheduled @ 2 week interval
Backout: N/A
Contact(s): 	David Ricafrente    713-646-7741

Impact:  EES
Time:  Fri 11/16/2001 at  8:30:00 PM CT thru Fri 11/16/2001 at  11:30:00 PM CT
	Fri 11/16/2001 at  6:30:00 PM PT thru Fri 11/16/2001 at    9:30:00 PM PT
	Sat 11/17/2001 at  2:30:00 AM London  thru Sat 11/17/2001 at  5:30:00 AM London
Outage:  EES Notes Server Reboots
Environments Impacted:  All users on any of the mailservers listed below
Purpose: Scheduled @ 2 week interval on 1st and the 3rd Friday of each month.
Backout:
Contact(s): 	Dalak Malik    713-345-8219

MARKET DATA:
Impact:  CORP
Time:  Sat 11/17/2001 at  12:00:00 PM CT thru Sat 11/17/2001 at  12:30:00 PM CT
	Sat 11/17/2001 at  10:00:00 AM PT thru Sat 11/17/2001 at  10:30:00 AM PT
	Sat 11/17/2001 at  6:00:00 PM London thru Sat 11/17/2001 at  6:30:00 PM London
Outage:  Autex - "taurus" system upgrade
Environments Impacted:  Autex
Purpose: replace obsolesced hardware with Enron Standard hardware configuration for critical trading application
Backout: Replace with original system
Contact(s): 	John Sieckman    713-345-7862

NT: No Scheduled Outages.

OS/2:  No Scheduled Outages.

OTHER SYSTEMS:
Impact:  SAP
Time:  Fri 11/16/2001 at  8:00:00 PM CT thru Mon 11/19/2001 at    2:00:00 AM CT
	Fri 11/16/2001 at  6:00:00 PM PT thru Mon 11/19/2001 at  12:00:00 AM PT
	Sat 11/17/2001 at  2:00:00 AM London thru Mon 11/19/2001 at  8:00:00 AM London
Outage:  Add New SAP Storage
Environments Impacted:  SAP
Purpose: Disk growth in SAP required procurement of additional disk.
Backout: Revert to current configuration.
Contact(s): 	Gary Sentiff    713-345-5125

SITARA:  No Scheduled Outages.

SUN/OSS SYSTEM: No Scheduled Outages.

TELEPHONY: No Scheduled Outages

TERMINAL SERVER:  No Scheduled Outages.

UNIFY:  No Scheduled Outages.

----------------------------------------------------------------------------------------------------------------------------
								FOR ASSISTANCE

(713) 853-1411   Enron Resolution Center

Specific Help:
Information Risk Management			(713) 853-5536
SAP/ISC                                                                               (713) 345-4727
Unify On-Call 					(713) 284-3757  [Pager]
Sitara On-Call					(713) 288-0101  [Pager]
RUS/GOPS/GeoTools/APRS			(713) 639-9726  [Pager]
OSS/UA4/TARP				(713) 285-3165  [Pager]
CPR						(713) 284-4175  [Pager]
EDI Support 					(713) 327-3893  [Pager]
EES Help Desk					(713)853-9797 OR (888)853-9797
TDS -Trader Decision Support On-Call                    (713) 327-6032 [Pager]


Julia:
I thought that it would be easier to e-mail you since we keep missing each
other on the phone.  All of the St. Clair's are doing well.  Charles keeps
growing.  At his last visit last week he was 11 1/2 pounds and 22 inches.
Needless to say he likes to eat.  He is gradually starting to sleep more at
night but is still pretty unpredictable and I've just gotten used to not
getting alot of sleep.  Having Bill home with me is a big help and it makes
it alot easier for me since we can trade off.

Physically, I am feeling almost 100%.  I started running a few weeks ago just
to keep my sanity and have started playing tennis again although it is going
to take a long time for me to get back into playing shape.  Arthur is very
much into tennis and I am enjoying getting to watch him play.  He played in
his first tournament over the weekend and did very well.  Bill and I are
hoping that he keeps it up.  He has been great with the baby as I expected.
He is a calming influence on him and really interacts well with him.  I feel
very, very fortunate.

How are you doing and how are the boys?  I miss work and the interaction with
everyone, but at the same time I am enjoying my time at home.  I think that
you know how I must feel and I'm glad that I still have some time to think
about it.  I can't imagine having to go back after 6 weeks as I am just
beginning to feel good physically.  Carol St. Clair

Arthur is back in school and is a big help at home.  I'm enjoying being home
with him when he gets home from school and its nice to be able to visit him
while he is in school.

I hope that you are doing well and not killing yourself up there.  How are
your parents doing?  Please give them my best.  I keep promising to come up
for a visit and I will soon.  Tomorrow (Thursday) may be a possibility.  Hope
to see you soon.  Take care.

Carol


Eric Gillaspie
713-345-7667
Enron Building 3886
----- Forwarded by Eric Gillaspie/HOU/ECT on 05/08/2001 08:48 AM -----

	Greg Brazaitis
	05/07/2001 04:32 PM

		 To: Eric Gillaspie/HOU/ECT@ECT
		 cc:
		 Subject: Brazos Valley Project, L.P.; Comments on the Draft Interconnect
Agreement

Eric,
I received the following request for changes from Avista Steag through Pace
Global for the Brazos Valley Project Interconnection Agreement.  Please
review and comment:

Item 2.   Engineering, Design and Construction:
In the fourth line, after the words " ...sound and prudent natural gas....",
add the phrase "and with sound and prudent natural gas pipeline" industry
practice'  .

Item 5ii. Quality Specification and Measurement:
In the second line, after the words "...to the Standards.", add the phrase
"and with sound and prudent natural gas pipeline industry practice".

Item 9.  Term.
Delete the paragraph on term and add the following:  "This Agreement shall be
effective as of thes date herein writtten above and shall remain in full
force and effect for a primary term of twenty years ("Primary Term"), and
shall continue in full force and effect thereafter so long as there is an
agreement in effect that provides for the delivery or receipt of gas by or
for HPL or its affiliate(s) or designee(s) at or through the Delivery Point
("Transportation Agreement"); provided, that after the Primary Term of this
Agreement, upon the expiration or termination of any such Transportation
Agreement, either Party may terminate this Agreement upon 60 days prior
written notice to the other Party.


Keep in mind that the meetings listed below are subject to change, especially
around the holidays.  For example, the meetings scheduled for the Monday
after the Thanksgiving holiday will be changed.  And of course, there will
not be a meeting on Christmas day.

HPL/ENA Upstream General Purpose meeting will be held every other Monday @
8:30 in EB35c1 beginning October 30th.  This meeting is open to all HPL &
Upstream Origination employees and is intended to communicate any information
received at Dave Delainey's ENA Staff meeting held on the previous Friday
(announcements, staff/organizational changes, construction updates, events,
etc.)   Mark your calendars for every other Monday morning.

HPL Planning Meeting will be held following the general meeting every other
Monday @ 9:00 in EB35c1.  This meeting is to discuss activities related to
Houston Pipe Line and is conducted by Brian Redmond or his designee.

ENA Upstream Planning Meeting is held each Monday @ 11:00 in EB35c1.  This is
a lunch meeting with ENA Upstream business leaders and is conducted by Jean
Mrha or her designee.

The above-mentioned meetings replaces the meetings that were previously held
each Monday and Thursday.

Please be sure to call me @ x37271 if you have any questions.


---------------------- Forwarded by Mike Grigsby/HOU/ECT on 08/07/2000 04:37
PM ---------------------------

Paige Cox@ENRON
08/07/2000 04:09 PM
To: Mike Grigsby/HOU/ECT@ECT
cc: David Wile/HOU/ECT@ECT
Subject: Re: Answer for logging in from home

Mike --

I have asked David Wile to research and get back with you on the issues
you've documented below.  Any time you are having an issue in the evenings,
the quickest method of response is to call 34888, and choose option 5. Leave
a vmail and a technician will respond within 20 mintues

Thanks
Paige

Mike Grigsby@ECT
08/07/2000 03:45 PM
To: Paige Cox/Corp/Enron@ENRON
cc:

Subject: Re: Answer for logging in from home

I tried logging in to corp, but it failed because it prompted for new
hardware - a 3COM card?  Should I get a phone number of one of the
technicians, so that I may call them from my house when I try to log in.

Also, the guys set up a hub for my desktop and laptop.  How do I have the
laptop share the printer (which is connected to my desktop)?  Do I use
Network Neighborhood?

Thanks,
Mike


[IMAGE]	[IMAGE]
	   [IMAGE]  [IMAGE] [IMAGE] [IMAGE]  The fun and exciting Miller Lite VRL is back for another year, and it's better than ever!  It's time to sign up  and start building your race team for the Miller Lite VRL - the ultimate online fantasy racing game that gives you complete control of your own race team.  Oh, and did we mention it's absolutely free?  [IMAGE] As a Miller Lite VRL team owner, you get to build a team from the chassis up.  Earn sponsorship money, hire (and fire) drivers and crew chiefs, tune your car for races - even choose your car's number and paint scheme!  After preparing your team and car, you'll get to face off every week against your friends and other competitors in an attempt to capture the checkered flag.  Just visit www.MillerLiteVRL.com  today to sign up. The first race will be run on February 17, so you'll need to practice or qualify by 11:59 p.m. P.T. on February 15.  The Miller Lite VRL. Play for the glory, the fun and especially the bragging rights!  ------------------------------------------------------  For complete details and official rules, visit www.MillerLiteVRL.com   Must be U.S. resident, 21 years or older to play.  Ends 12/1/02. Void where prohibited.  California residents ineligible for prizing.  Miller Brewing Company, Milwaukee, WI.   This mail is not sent unsolicited. You subscribed to receive information from Miller Brewing at a Miller Web site or event.   ? 2002 Miller Brewing Company, Milwaukee, WI [IMAGE]Privacy Statement   [IMAGE]

[IMAGE] 	This message was sent by Miller Brewing Company using Responsys  Interact (TM). Click here  if you prefer not to receive future e-mail from Miller Brewing Company. Click here  to view our permission marketing policy.

[IMAGE]


Here is a proposed modification of the indemnification language based on our
telephone conversation earlier today:

5. Indemnification. Company represents that it is a successor corporation to
Enron Milford, Inc. and that the Certificate of Incorporation of Enron
Milford, Inc. on file in the Division of Corporations Files of the Secretary
of State, State of Delaware, applies to Company.  Company further represents
that it will act in good faith in investigating and making a determination
with respect to any claim for indemnification made by Consultant pursuant to
the provisions of the Certificate of Incorporation should an indemnifiable
event arise.

Let me know what you think.  Thanks.

Bonnie J. White
Enron Litigation Unit
1400 Smith St., Suite 4824
Houston, TX  77002
Ph:  (713) 853-7244
Fax: (713) 853-6576


Hey,

Try lgillet@enron.com for Lisa's email address.  Glad to hear you're in the
new pad...in the interest of saving $$$ I will probably take you up on the
futon offer.

Well, it's Monday and I'm assuming Ted's back in town (not that I've heard a
peep out of him).  I'm very much at a cross-roads with the situation.  On the
one hand, I want to be unaffected and aloof and on the other hand I don't
want to make this that easy for him.  I think I deserve more that just being
swept under the rug.  So, my debate becomes - Do I just let this thing go all
together OR do I try and get some resolution?

I would love to get a call from you hear at work.  The best time for me is
probably before 11:30 or after 12:30 Houston time.

Talk to you soon,
Susan

	Enron Capital & Trade Resources Corp.

	From:  "Emily Hillegeist" <ehillegeist@hotmail.com>
09/18/2000 07:56 AM

To: sscott5@enron.com
cc:
Subject: help

hey- sent out group email this morn and lisa's address came back unsendable.
  i wrote 'LisaGillette@enron.com'
correct me....
e
_________________________________________________________________________
Get Your Private, Free E-mail from MSN Hotmail at http://www.hotmail.com.

Share information about yourself, create your own public profile at
http://profiles.msn.com.


Should we start terminating CES as a shipper on the interstate pipelines?


Attachment: PDF flyer

Judicial Independence Forum
How can we improve the way we elect judges in Texas?

Sponsored by the Houston Bar Association and the League of Women Voters of
Houston*

Speakers:  The Honorable John Hill
    Former Chief Justice of the Supreme Court of Texas
    and Former Attorney General of Texas

   Jan Wilbur
    President, League of Women Voters of Houston
    Chair of the restudy of the League of Women Voters
    of Texas position on judicial selection

   Frumencio Reyes, Jr.
    Vice Chair of the Texas Democratic Party

Date:  Thursday, October 11, 2001
   5:30-7:30 p.m.

Location:  Garrett Townes Auditorium
   South Texas College of Law
   1303 San Jacinto in downtown Houston

There is no charge to attend this program. Refreshments will be served at
5:30 p.m. The program will begin at 6:00 p.m. and there will be time for
questions from the audience. The public is invited to attend this program.

* This forum is co-sponsored by the Houston Bar Association and the League
of Women Voters of Houston Education Fund, with partial funding from the
League of Women Voters of Texas Education Fund by a grant from the Open
Institute Society.


Chump,
Here's the addresses...
brilowery@aol.com
todd.johnson.b@bayer.com


-----Original Message-----
From: 	Huynh, Catherine
Sent:	Monday, October 08, 2001 4:03 PM
To:	Sullivan, Kriste
Subject:	EEL Voluntary Severance

Hi Kriste,

Some 'light' reading for you?

For some background, I've attached a memo that Enron Metals North America sent out to our staff on Friday.  We sent it out under the cover of our lead commercial and lead commercial support execs.  It is an acknowledgement and response to a memo sent out by the CEO and COO of EEL announcing their voluntary redundancy program.

Further to the memo, my colleagues in London HR have forwarded additional details on how the program will work in London.  These next four attachments contain general information about the program that can also be found on the EEL intranet site.

General information Application for VR VR Q&A UK VR Calculation

EEL plans on running the VR Program for 2 weeks starting today.  Following this 2 week program, they will then start a compulsory redundancy program with payout under the statutory requirements.  In preparation for this, each business unit will need to follow a selection process within each group to identify key employees.
Here in North America, we are going through the same selection process.  Attached is the selection guide and an example spreadsheets we are using.

As much as we can, we want to offer a voluntary program in the US as well.  Doing so will help us send a unified global message within EEL; US employees will not be treated any different then their London colleagues.  However, as I noted in our telecon, our current involuntary severance is quite generous already and I can't imagine padding it even more.  I ran a quick calculation and based on the yrs of service employees carried over form MG, over 75% of our North America staff would eligible for over 4 months of severance.  There is a long history of tenure in Metals and the average time of service is 7 yrs.

Seems the selection process and criteria would also work for us in the US, as long as we apply it consistently, but I would welcome your thoughts.

Once you've had a chance to review it, please call me and we can discuss it further.

Thanks
Cathy

Human Resources
Enron Metals & Commodity Corp.
520 Madison Ave., 28th Floor
New York, NY 10022
Tel: 212-715-5276
Fax: 212-715-5231
E-Mail: Catherine.Huynh@Enron.com

 -----Original Message-----
From: 	Kingsley, Sophie
Sent:	Monday, October 08, 2001 2:20 PM
To:	Huynh, Catherine
Subject:	FW: Cathy

Cathy, I think realistically we need to be ready to run for a week today - just in case.

Let me know what you need from me.
 -----Original Message-----
From: 	Mehmood, Melanie
Sent:	08 October 2001 16:01
To:	Kingsley, Sophie
Subject:	Cathy

I have spoken to Cathy and she has gone through most of the documents, she is passing them by legal and has done some basic calculations to ascertain whether it would be attractive to her employee base.

Cathy will also try and get Philip and Marcello to look at the criteria to see if that works for their population before they come over here.  I think Cathy will be ready as soon as she needs to be.

Mel


we are going to go out tomorrow night.  if you guys want to meet us for
drinks and then go out.  email me back and give me your number & i will call
you tomorrow.