Here is this months report. It is good to report solid momentum and good
morale in all regions and this report highlights a number of great
successes. Clearly we have had supply challenges so non-linear quarter
again, as you well know.  We shall be working September hard!

Regards
Peter

[Compaq Confidential - Internal Use Only]

Worldwide Sales & Services team:

My travel report this month spans the Americas - from our operations in
Latin America to those in Canada.  I had many opportunities to visit with
our sales and services employees as well as customers, partners, press and
analysts.  It's really great to have a role that brings me into regular
contact with employees and our external audiences - it's very exciting to
see how the momentum is building around the Corporation.

Latin America has been very successful in its direct and partner
initiatives, particularly in Argentina, where we are now 55% direct, and
Brazil which has 60% direct business.  Our LA e-Business Development team is
making tremendous strides to strategically position our business in the fast
growing Internet space, while opening up new and exciting revenue streams.
In just four months of existence, the team has completed several new
alliances with companies investing in the huge growth potential of the
Internet in the region.  Key alliances in this exciting new "ecosystem"
include:

Diveo, a provider of integrated hosting and security services, secures
Compaq's position as preferred vendor for this potentially huge customer.
It also allows us to offer critical enabling services that will accelerate
the adoption of the Internet and many valuable services in the region.

We entered a strategic alliance agreement with Artikos, a joint venture
between Commerce One and Banamex, the largest bank in Mexico.  The terms of
the alliance permit Compaq to sell the Commerce One solution to the many
off-line and on-line companies investing in B2B marketplaces.  It also
positions us to participate as strategic partners in new marketplaces being
formed by established brick-and-mortar players.

Our strategic alliance with Terra, a leading regional portal, has begun to
generate exciting new revenue streams stemming from a customer
acquisition/traffic arrangement using our Presario keyboard buttons.  In
just four months of operation, we successfully sent 12 million visitors to
the Terra portal and gained from traffic and revenue sharing arrangements
that form part of the alliance.

Patagon.com - Our first Internet alliance, at a time when few, if any,
companies recognized the Internet's potential in Latin America, continues to
pay important dividends.  Patagon.com has grown to become the leading
financial portal in LA with the help of Compaq technology.  We also are
helping sustain Patagon's growth in the market through a revenue generating
traffic alliance that links our customers to Patagon's portal through our
easy access keyboard buttons.

In the coming months, you will surely be hearing more about these and other
new alliances that are transforming Compaq into a leading e-business in the
region.

Canadian highlights
My trip north yielded not only relief from the Texas heat, but also many
other great examples of progress that contributed to our Q2 results.  As you
probably know, David Booth, a 13-year veteran with Compaq and Digital, was
named President and Managing Director of our Canada operations in May.  In
Q2, the region increased their profits by 88% over Q299 and helped return
CPCG to profitability.  Earlier this year, Compaq Canada launched eStore
operations, and with other direct enhancements, expects to be 85% direct by
the end of this year.  Their Consumer Call Centre is racking up awards too -
both as Compaq Call Center of the Year, and from Call Center Magazine as the
High Technology Call Center of the Year.  Product awards in Canada include:
 - ProLiant server received Computer Dealer News' 2000 Reseller
Choice Award
 - Deskpro PC received ChannelLine Magazine's 2000 ChannelLine
Champs Award
 - Aero/iPAQ Pocket PCs became the first monitoring devices for
diabetes in the world through Charles H. Best Diabetes Centre

And last, but certainly not least, some great wins:  Banque Nationale, $2.1M
for Himalaya systems and services; Province of New Brunswick, $2M for MS
Exchange; Capital Health Region, $2M Deskpro/Armada PCs; Lotto Quebec, $1.5M
for Himalaya systems; CanJet, $1.5M for ProLiant servers; SoftChoice, $800K
for SANs; Ontario Lottery Corporation, $800K ProLiant servers; University of
Toronto, $790K Alpha Cluster; SaskTel, $700K Deskpro PCs; and Atlantic
Health Science Centre,  $500K AlphaServer systems
.

World's fastest and most powerful supercomputer
Today we are announcing that the U.S. Department of Energy's National
Nuclear Security Administration (NNSA) has selected Compaq to build the
world's fastest and most powerful supercomputer, a 30+ TeraOPS system
code-named "Q."  The contract is valued at more than $200M, and the
supercomputer will be housed at the Los Alamos National Laboratory in Los
Alamos, New Mexico.  The supercomputer will support NNSA's integrated
program of surveillance, experiments, non-nuclear tests, archived data,
modeling and simulation to assess and certify the safety, security and
reliability of nuclear weapons without underground nuclear testing.

The supercomputer will consist initially of some 375 AlphaServer GS320
systems (approximately 12,000 Alpha processors) with EV68 CPUs running in
excess of 1,250 MHz on our Tru64UNIX operating system.  Almost the size of
five basketball courts (more than 21,000 square feet), the system will have
more than 600 terabytes of Compaq StorageWorks storage, and receive onsite
24x7 service and support.  This major win, plus other recent wins (see
National Science Foundation below) are expected to establish Compaq as the
No. 1 provider in the high performance technical systems and servers
marketplace before the end of this year.  A great recognition for Compaq,
the Business Critical Server Group, and the outstanding sales teams!

Our other largest wins this month were:
Alcatel Telecom (France) - $60M global upgrade for billing system based on
AlphaServers running Tru64 UNIX-based NECTAR middleware.  Alcatel builds
next-generation networks in more than 130 countries
BMC Software (U.S.) - Beat Dell and HP for a $13 M desktop, portable and
Professional Workstation contract
The Cabinet Office (U.K.) - Beat Logica and Admiral for a five-year, $32M
contract in which we were named prime contractor to design, build and
operate IT infrastructure. Deal also includes ProLiant servers, Deskpro PCs,
StorageWorks ESA 12000 systems and Insight Manager
<http://newscpq1.inline.cpqcorp.net/article.cfm?storyid=952>
Caixa Geral de Depositos - $11.8M for software installation of software and
support for computing infrastructure
Cleveland Clinic Health System - Topped IBM and HP for a three-year, $12M
iPAQ contract
EDF (France) - Beat Dell, IBM and HP for a 12-month, $50M contract for
70,000 Deskpro PCs
International Paper (U.S.) - Beat IBM for $12.6M contract for hardware,
software, Professional Services and Customer Services
Korea Telecom - 18-month, $15.6M contract for 20 AlphaServer GS140 systems
and 21.6TB of StorageWorks ESA12000, marking the largest AlphaServer order
in APD history
KPMG (AUNZ) - Two-year, $20M contract for notebooks, desktops and servers
KPMG (EMEA) - Beat CAP Gemini, EDS and IBM for a five-year, $24M helpdesk
services contract for U.K., Holland and France, with nine other countries to
follow
Ministry of Education (Colombia) - Beat IBM, HP, Acer and Unisys for a $22M
contract to deploy 10,300 Deskpro PCs and 650 ProLiant servers in Internet
classrooms <http://newscpq1.inline.cpqcorp.net/article.cfm?storyid=970>
National Science Foundation (U.S.) - Compaq and the Pittsburgh
Supercomputing Center won a $45M contract over IBM to build and manage the
world's largest non-military supercomputer
<http://newscpq1.inline.cpqcorp.net/article.cfm?storyid=926>
Verizon Communications (U.S.) - Beat IBM for a $13.6M desktop PC contract

International Data Corp:  Compaq 'on the up'
If you haven't seen the recent study by IDC, titled Compaq's Strategy: Past
and Future, it's recommended reading
<http://weblib.lkg.dec.com/IDC/JP84G.htm>.  It states simplification, a
customer-centric approach, information access products and a clarified
channel strategy are keys to Compaq's comeback.  Preliminary 2Q market share
figures from IDC also confirm our progress in a number of other key areas.
For example:
 * Compaq led the WW PC server market with 30.2%, more than the
No. 2 (Dell) and No. 3 (IBM) vendors combined
 * We ranked second in WW portables, with 12.8%, up 2.2 points
Q/Q
 * In Japan, we moved up to No. 7 position, past Apple, in
total PCs, and regained our No. 2 server position from Fujitsu-Siemens, with
a 13.5% share
 * In Asia Pacific, we passed HP in desktops, moving up to No.
4
 * And according to DataQuest, EMEA achieved the No. 1 Consumer
ranking in Western Europe with a 13.4% share, growing twice as fast as the
market
For more information about the preliminary market share results of 2Q, or
our final results in 1Q, check the links at
<http://inline.compaq.com/wwss/facts.asp>

Winning news from Global Accounts
Our Global Accounts team not only wins new business, but also accolades for
its videos and CDs that are used to help win business.  Trophies include two
at the AXIEM (Absolute Excellence in Electronic Media) Awards in the U.S.,
and the Telly Awards for non-network broadcasts, comparable to a U.S. TV
show winning an Emmy.
<http://newscpq1.inline.cpqcorp.net/article.cfm?storyid=968>

Service Provider/.com wins
Data Return, a leading global provider of advanced managed hosting services,
was recognized by Microsoft as "Global Hosting Partner of the Year" during
the Fusion 2000 Awards Banquet. The award noted Data Return's ongoing work
with the Windows 2000 team in developing managed hosting solutions for
customers whose applications are based on the Microsoft platform. This
represents a tremendous win for Compaq as well, since Data Return is using
Compaq hardware and services exclusively for its hosting services.

On July 31st, Compaq, Microsoft, Digex and IDC launched a series of Webcasts
to help educate Compaq Field Sales and the Compaq/Microsoft Channel. The
series, presented by a top IDC analyst, emphasized the tremendous market
opportunity within the ASP market. Based on the overwhelming participation
and positive feedback, there is a strong interest in learning more about the
ASP market. The second in the series will be presented September 7. To
register, call 800-289-0579 (outside US 719-457-2550).

Coconut.com, an ASP in the UK initially offering mail and messaging, has
named Compaq its key partner.  The solution, heavily leveraged around our
Professional Services capability, is Alpha and StorageWorks running
Software.com's suite of carrier-grade mail and messaging products.  The
infrastructure will be managed by eBMS.  HP had been working on this for 18
months, and Compaq got engaged the day before they were about to sign the
deal.  Seven weeks later HP was told they had lost the opportunity.  The key
to our success was a partnering approach to help them with their business,
not just to sell them tin.  The near-term opportunity is $5M, with up to
$25M over 5 years.  Congratulations to the UK team!

Great Compaq Financial Services deals
Supply Access - CFS is providing a $6.5M financing facility on Alpha and NT
servers for this service provider, owned by En Point, one of Compaq's
largest resellers in California.  The deal, which displaced HP and HP
Finance, includes a two-year exclusivity agreement.

Avantel - CFS also completed a $3.5M deal to refresh the installed base of
Avantel's existing Compaq desktops and servers in Mexico.  While Avantel is
a longtime Compaq customer, the inclusion of Compaq Financial Services
enabled a complex sale and lease back arrangement for the acquisition of
Compaq equipment, with opportunities for ongoing contact with the customer.

Roundup of Storage news
As you may have noticed from the earnings news, the Storage Product Group
had a strong Q2, with profitability of $179M, up 45% from last year.  SPG
delivered 11.8% of Compaq's net sales, 17.8% of total gross margin, and a
whopping 31.6 % of Compaq's operating income. Other news from the Storage
front includes:
 * A SANworks print ad campaign, directed at corporate CIOs,
started on July 10th and will be running for several weeks. The ads direct
customers to a Web companion page for more information, go to
<http://www.compaq.com/sanworks>.
 * On August 22, Compaq will open a new Enterprise Storage
Customer Center (ESCC) in Colorado Springs, Colo., that will develop and
qualify advanced network storage technologies for complex enterprise
environments and offer training for IT professionals. The Center will
complement the new Storage Networking Technology Center that was announced
earlier this spring by the Storage Networking Industry Association (SNIA)
and is currently being constructed by Compaq.  Both centers will be housed
under one roof when the SNIA center opens later this year.
 * The Storage Networks Solutions Business Unit, focused on
providing leading-edge solutions to the industry, has created a Business
Development Team. For more information, contact Frank Orlando, who leads the
team.

Zero Latency and other BCSG attention-getters
What debuted 10 months ago at Telecom99 as a riveting demonstration of
Compaq's first Zero Latency Enterprise (ZLE) technology has matured into a
formal go-to-market program that will be launched and rolled out in October.
Its goal?  To help you identify ZLE opportunities and win deals.  The
Business Critical Server Group (BCSG) has established the ZLE Initiative to
encompass all of our enterprise offerings - Himalaya; AlphaServer with Tru64
Unix and OpenVMS; and ProLiant with Windows NT, as well as storage, clients
and services.  It will differentiate Compaq in the marketplace, generate
momentum for the company, and give us "first-to-market" status.  No other
competitor can come close to what we offer.  The typical ZLE deal profile is
high-revenue - $15M per deal - and high-margin, so the payoff is great.
Stay tuned for announcements in October, including info on ZLE customers;
cool new offerings incorporating platforms, partners and services; new
demos; go-to-market tools to help you tell the ZLE story; ZLE expertise to
assist with your accounts; and press and analyst proof points to help you
sell.  I encourage you to learn more about ZLE so you can leverage its
revenue potential.  For more information, contact your BCSG region drivers.

Other highlights from BCSG:
 * Congratulations to the Tandem BU for its Q2 performance, the
second highest in revenue for the BU in Compaq history.  In addition, the
S74 series had the fastest ramp in the history of the Himalaya platform,
with $69M in S74000 processors shipped since its May launch.
 * MUZO, a Czech payment authorization agency and long-time
customer, will migrate to the most powerful of the Himalaya servers, the
S74000, for its new authorization center opening in 1Q01.  MUZO provides
ATM/POS authorization and back-office services using Base24 from partner
ACI.  The order is important for Compaq in the Czech Republic because it
positions the platform firmly in the country and demonstrates the success of
the ongoing efforts of the Czech subsidiary to build local Himalaya
resources and skills.
 * The "Dream Machine" roadshow, which showcases the
AlphaServer GS160 server running OpenVMS Galaxy, is starting its North
American tour. One of its first stops was in Boston in late July, where it
received an enthusiastic response from the Compaq Board of Directors.
 * Recently named a partner for Oracle's iHost applications
hosting initiative, Nupremis is the first service provider to announce that
it will host Oracle iHost applications on AlphaServers running Tru64 UNIX in
its data centers to provide the most scalable and highly available platform
for e-business.

Great things happening in the Consumer world
* In 1Q, Compaq surpassed Packard Bell as the US installed base market
share leader for the first time, according to Media Metrix.  The number of
Compaq PCs in US homes has increased 260% to 5.4 million from 1997 through
1Q.
* Presario portable PCs maintained their No. 1 U.S. retail sales share
in June for the 22nd consecutive month, according to NPD Intelect
* The Presario 1200XL-110 was rated a Best Buy and No. 1 Budget
notebook by PC World magazine
* The Presario 1800T was rated the No. 5 Power notebook by PC World
magazine
* Compaq's 2Q consumer PC sales in Malaysia were up over 1,200%, due
largely to Compaq's kiosk strategy there.  The kiosks have been successful
enough to be featured in the Far East Economic Review
* Compaq beat out four other PC manufacturers to partner with
specialty retailer Eddie Bauer on special edition Presario 1400 series
portable PCs

Joint news from Consumer and CPCG
By now I'm sure you've read about the exciting new additions to the iPAQ
family of products and services, announced jointly by Mike Larson and Mike
Winkler in New York on August 15.  The announcement symbolizes the growing
convergence of the commercial and consumer markets, and the mutual desire
for information and Internet access by our customers.

In addition, CPCG deserves special congratulations on their outstanding 2Q
results - returning to profitability one quarter ahead of what was expected!
All regions were profitable, contributing to the total $63M in operating
profit.  The group achieved the best portable shipment quarter on record,
shipped the 100,000th iPAQ desktop, and the iPAQ Pocket PC demand is 10
times the initial forecast!  And by the looks of all the commercial products
wins listed in this report, the momentum is continuing.  For an interesting
Q&A by CNET News.com with Mike Winkler on the group's achievement, see:
<http://news.cnet.com/news/0-1003-201-2375731-0.html>

New ISSG product announcements and recognition
ISSG has been busy with a lot of new product announcements, including the
industry's first high-performance network attached server appliance, the
TaskSmart N-Series, new clustering solutions for SCO, Oracle and Microsoft.
More news includes:
 * The ProLiant 8500 is now Nos. 2, 3, 4 and 5 Best Performance
on the TPC-C top 10 list.  The Compaq Benchmarks result in a Price/tpmC that
is approximately $10 lower than the top marking IBM number and is using SQL
Server 2000 instead of DB2.  We even pushed the Sun 10000 off the top 10
list.
Check out the great review and double awards for the ProLiant DL360 by
InternetWeek Magazine, titled, "Rack 'Em Up."
<http://www.internetwk.com/reviews00/rev071700.htm>

Compaq dominates Commerce One's Global Trading Web portals
Not only do we power C1's own MarketSite.net U.S. portal and all its hosted
installations, but we also power an overwhelming number of its major portal
partners.  These include NTT in Japan, which recently replaced its 30 Dell
servers with Compaq, and Cable and Wireless (Optus) in Australia, that,
after major firmware problems with Dell, is also switching to Compaq.  Let's
be bold about stating our dominance in this market - especially when
pitching prospective business with other trading exchanges.  I'm sure
Michael Capellas won't hold back when keynoting at C1's eLink Conference in
Las Vegas next month where we'll demo our Hosting Internet Buying Program
and BuySite and MarketSiteTM solutions.

NA eBusiness Solutions update
 * Great response since the launch of the speedStart Program,
which provides Web-based resources to start-up dotcoms - 281 companies have
registered, 71 have submitted applications to join the program, and 56 have
applied for leasing financing.
 * The Microsoft/Compaq dotcom roadshows yielded 6,000
customers in 15 cities with 2,533 leads generated - 41% of all attendees ...
222 qualified leads passed onto sales teams or partners.  98% of attendees
rated the roadshows as "met/exceeded expectations."
 * The NA Retail Industry Marketing team driving the ACTIVE
KIOSK Initiative has developed a $140M pipeline in the emerging kiosk market
over the past two quarters. This pipeline includes major U.S. retailers GAP,
Sears, Wal-Mart, McDonalds, Kohl's, Belk's, Federated as well as new
entities including Worldmember and eBeauty, representing both pilot and
production installations.

WINS AROUND THE WORLD

Confidentiality reminder:  Please do not use information on specific wins
from this report outside of Compaq without the approval of the account
manager.

CUSTOMER SERVICES
Amgen (North America) - $3.5M per year for hardware support for more than
400 ProLiant servers and 7,000 desktop users
Aventis (France) - $640K for hardware and software maintenance
Brinker International (North America) - Five-year, $1.2M maintenance
contract for its restaurant chains, which include Chili's, Macaroni Bar and
Grill, Cozymel's, On the Border, Maggiones, Corner Bakery, Eatzi's and Big
Bowl
Bureau of Census (North America) - $1.9M for first 15 months, $1.6M annually
after that with four option years for business-critical hardware and
software support
CEA Grenoble (France) - Three-year, $900K business-critical support contract
China Light & Power (China) - $650K
City of Calgary (Canada) - Three-year, $4M contract for high-availability
services
HealthSouth (North America) - $2.5M for StorageWorks
Reuters (Korea) - $1M for IT Management Services
TISCO (India) - $1M for IT Management Services
Turkcell (Turkey) - 3-year, $2.8M per year deal for Business Critical
services
United HealthGroup - Beat IBM and Dell for a $2-3M contract
Vodafone (Australia) - $590K for ProLiant servers

PROFESSIONAL SERVICES
Onitelecom (Portugal) - $800K for TeMIP Expert and Web Center installation
and startup
MATAV (Hungary) - $2.8M for a complex inter-carrier billing system
Optus - $2.8M in Professional Services contracts
Philips Electronics (The Netherlands) - $5.25M contract for a total package
of Professional Services and Customer Services
U.S. Senate - $1.98M for helpdesk support and Outlook 2000 and Exchange 2000
implementation
ASIA PACIFIC
Australia/New Zealand
Andersen Consulting - $2M for 400 Armada M700 notebooks and 100 desktops
Aon - $2.5M for servers, desktops and storage
Australia Post - Beat Acer for a $1.2M desktops contract
Citigroup - $2M for 233 Deskpro PCs and 379 18-inch TFT screens
COMindico - $2M for ProLiant 360 servers and storage
Faulding - $2.4M for Customer Services
KPMG - $2.7M for Armada M700
Mitsubishi - $1.1M for Customer Services
Territory Health - $1M for eBMS

India
Ashok Leyland - Beat IBM, HP and Sun for a $855K contract for three
AlphaServer DS10 systems, two ProLiant 400 servers and three RA8000 systems
Bank of Maharashtra - Topped IBM, HP and Dell for a $2.6M order for 1,431
Deskpro PCs and 102 ProLiant 400 servers
IMMOLS (Defense Ministry) - $685K for 431 Deskpro EP PCs, eight ProLiant
6400R servers and four RA4100 systems
National Institute of Fashion Technology - Beat HP and Acer for a $790K
contract for 500 Deskpro EN PCs

Indochina
Next Level Communications - Beat IBM and Dell for a $333K contract for 100
Deskpro PCs, one ProLiant 5500R server and eight Armada E500 notebook PCs

Indonesia
BPS - Beat IBM and HP for a $2M contract for AlphaServer GS140 systems
ProLiant DL380 and 8000 servers, Deskpro EN and Armada notebook PCs

Korea
Hyundai Engineering - Topped Dell for a $5M contract for 2,360 Armada E500
notebook PCs
Jeil Insurance - Beat IBM for a $1.2M Professional Services contract
Keysung Iffice - $1.1M for Professional Services
LGT - Beat HP for a $3.6M Professional Services contract
ThruNet - Topped EMC, LG and Hitachi for a $2.6M contract for nine EMA12000
systems

Philippines
SMART - Beat IBM and Sun for a $2M contract for AlphaServer systems and
StorageWorks

Singapore
Singtel - Beat IBM, Dell and Toshiba for a $3M contract for 1,000 iPAQ
desktop and pocket PCs

South Asia
Citibank - Topped Dell and IBM for a $395K contract for desktops

Thailand
TOT - Topped IBM and Dell for a $336K contract for 390 Deskpro EP PCs

EMEA
Business Development Group wins
Aberdare Cables (South Africa) - $1.3M for Alpha/SAN/ProLiant solution
BRE Bank S.A. (Poland) - $1.85M for two AlphaServer GS systems
Ministry of Railways (Russia) - Beat IBM for a $900K storage contract
MTN (South Africa) - $1.75M storage win
MUZO (Czech Republic) - $1.1M for a Himalaya S74000 system
National Bank of Poland - Beat HP for a $944K contract for 800 Deskpro EP
PCs
Romanian Telecom - Topped Siemens, Fujitsu, IBM and HP for a $3.4M contract
for 3,192 PCs
Saudi British Bank (Saudi Arabia) - Replaced Dell in a $544K contract for
830 Deskpro EN Small Form Factor PCs
Slovenian Railways (MDG) - Topped IBM, Unisys and Kapsch for a $600K SAP
project
Turkcell (Turkey) - $2M for three AlphaServer GS160 and two AlphaServer ES40
systems
UMC (Ukraine Mobile Communication) - Beat HP and Sun for a $1.7M contract
for four AlphaServer GS160 systems, Fibre Channel SAN and corporate
Enterprise Backup Solution
Westel (Hungary) - $655K for AlphaServer GS160 system

Belgium
BCEE Luxembourg - Beat Siemens for a $1.5M contract for 1,600 Deskpro EN
Belgacom -- $3.3M development of new telco services and enhanced billing on
Himalaya
Dexia Bank Belgium - Design, migration and deployment of 13,500 workstations
to Windows 2000/Exchange 2000/SMS 2.0 from Novell
Merck - Topped IBM for a $400K contract for 150 Armada M300 notebook PCs

Germany
Norddeutsche Landesbank - $1.1M to prepare a Web-based contracting solution

France
BreBank - $1.9M for AlphaServer GS160 systems running OpenVMS, and EMA12000
systems
Credit Lyonnais - Beat Dell for 400 Armada E500 and M300 notebook PCs
OCE - Beat Toshiba for 250 Armada E500 notebook PCs

The Netherlands
ANWB - $370K for 1,000 iPAQ Pocket PCs

Turkey
Deloitte & Touche - Topped Toshiba for 100 Armada E500 notebook PCs
Ziraat Bank - Topped Toshiba for 225 Armada E500 notebook PCs

United Kingdom
JP Morgan - $2.4M for six AlphaServer GS60E systems running OpenVMS
Rarrigini and Rosso - a great win by a new reseller partner, Keltec,
represents a $1.1M deal for Himalaya systems and ProLiant servers for the
end user, an insurance broking service company

GREATER CHINA
People's Republic of China
Yunnan Unicom - Topped HP for a $450K contract for two sets of AlphaServer
GS80 systems Zhejiang Power - Beat IBM for a $320K contract for AlphaServer
ES40 systems
Zhejiang Local Area tax - Beat IBM for a $320K contract for AlphaServer
GS60 systems

Hong Kong
ASM Assembly Automation Ltd. - First AlphaServer GS160 order in Hong Kong,
redeploying its existing AlphaServer 8400 and new order of AlphaServer ES40
system for Hong Kong's first SAP Database Warehouse Implementation
CLP Power Hong Kong Ltd - $2M SANworks DRM project
Dresdner Kleinwort Benson Bank - The world's first EBS with Veritas
NetBackup implementation on Windows 2000
Liu Chong Hing Bank Credit Card Center - Beat HP and NetworkAppliance for
the first switch-based SAN using the MA8000 storage array
New World Telecom - Compaq SAN serves HP UNIX Enterprise Servers

Taiwan
Aletheia University - $900K win for 650 PCs
AMT - $700K for ProLiant 8500, DL380 and 3000 servers
Southern Taiwan Telecom - $1.5M

JAPAN
Denso - Topped IBM, HP and SGI for a $2.2M order for five AlphaServer ES40
systems
Japan Telecom - $5.4M Alpha ES40 and services win for billing solution

LATIN AMERICA
Brazil
Telef?nica - $2.1M for Deskpro PCs
Petrobras - $1.7M for ProLiant services, Professional Services and Customer
Services
Bradesco - $1.5M for Deskpro PCs, Armada PCs and Customer Services
Xerox - $545K for Deskpro PCs and ProLiant servers
CVRD - $585K for Deskpro PCs, Armada portable PCs and ProLiant servers

Mexico
Serpaprosa - $850K for Deskpro PCs and ProLiant servers
CIE - $820K for iPAQ desktop PCs and Armada notebook PCs
Ericsson - $710K for Armada notebook PCs

Portugal
Sistemas de Informacao - $1.6M for ProLiant 1600 and 400 servers,
Professional Services and Customer Services

Puerto Rico
PUCPR - $675K Deskpro desktop PCs, Armada notebook PCs, ProLiant servers and
Customer Services
VA Medical - $500K for AlphaServer ES40 systems
Bank Popular - $772K for Deskpro PCs and ProLiant servers

Venezuela
Banco Mercantil - $1.4M for Deskpro PCs, Armada notebook PCs, ProLiant
servers and Customer Services
Atento - $530K for Deskpro PCs
CANTV - $1.3M for Deskpro PCs and Armada notebook PCs

NORTH AMERICA
Alltel - $1.3M for desktops
ANWB - iPAQ Pocket PCs and system integration
Arthur Andersen - Beat IBM for a $1.5M contract
Brown & Company- $4.15M for 24 Himalaya S74000 processors and software
<http://newscpq1.inline.cpqcorp.net/article.cfm?storyid=930>
Charles Schwab - $2.6M for Professional Services ($878K), Customer Services
($180K) and hardware ($1.6M)
Coastal - Beat IBM and Dell for a $10M desktop PC contract
Fingerhut - Topped IBM for a $3M desktop PC contract
Kinetic Group/Wyndham Hotels - Beat IBM for a $2M iPAQ contract
Motorola - $900K for four AlphaServer ES40 systems, Professional Workstation
XP1000 systems, AlphaServer DS10L systems and two ESA 12000 Fibre Channel
storage systems
Network Technology Group - Won back business from IBM for 20 ProLiant DL360
servers with the potential for 700 more servers and StorageWorks products in
the next 12 months
RadioShack - Topped IBM for a $2.3M desktop contract
St. Paul Co. - $2.1M for desktops and Professional Workstations
Trammell Crow - $4M for desktops
Verizon Wireless - Beat Dell and HP for a $3M desktop PC contract

NA eBusiness Solutions Wins
Kaiser Permanente - $1M for Domino, Lotus, ProLiant
HSBC (NYC) - $500K consumer lending, ARGO Data, Windows NT
3M - $800K, Domino, Lotus/ ECS, ProLiant, win over IBM AS/400
Caterpillar - $1.6M  Domino, Lotus, ProLiant, displaced HP
Intuit - $620K GS160
Novartis - $3M storage and ProLiant solution on Lotus Domino R5, displacing
Sun
US Bank - $3.75M for BankPro Teller, ARGO, Windows NT

NA GEM wins
Advanced Technology Group - Beat Sun and SGI for a $2.2M contract
City of Honolulu - Beat Dell and EMC for $4M contract for Storage RA8000 and
EMA12000 systems
California Dept. of Health Services - Topped Dell for a $1.4M desktop PC
contract
Department of Veterans' Affairs - $1.8M for third-party software
Federal Advanced Technology Group - Topped SUN and SGI for a $2.2M contract
for Alpha Slate Workstations
Federal Defense Agencies Group - $7M for AlphaServer GS80 systems
Federal Defense Agencies - $1.4M for Professional Services
MSOE - Beat IBM for a $1.5M desktop contract
Naval Air Warfare Center - $3.9M for 2,100 Deskpro EN PCs
San Diego UHSD - Topped Gateway, HP and Toshiba for a $3M desktop PC
contract
San Dieguito UHSD - Beat Gateway and Dell for a $3M desktop PC contract
Students First - Tucson Unified S.D.  - Beat Dell, IBM, HP, Toshiba,
TranSource and CLH for a $5.7M contract for Deskpro EP PCs
U.S. Department of Energy-ASCI - Beat Sun and IBM for a $3.5M contract for
AlphaServers
U.S. General Accounting Office - $1.6M contract for Armada M300 notebook PCs

Thanks, everyone, for your efforts this month!  I'll be visiting several of
our European operations in the coming weeks, including a large gathering of
customers, press and industry analysts at the European IT Forum 2000, so I'm
sure I'll have more interesting updates next time.  Be sure to keep me
posted on your activities and wins - it's a great way to keep us all
connected.

Regards,
Peter

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Attached is the Cost Summary for the 2000 Peakers with actuals thru
10/20/00.  Please call me if you have any questions.

thanks,
theresa
x58173


David:
Do you have a simulation set up that will allow me to simulate trades by
pushing a buy or sell button and will move the two way so i can try
simulating actual market cicumstances?

From: David Forster/ENRON@enronXgate on 05/08/2001 09:55 AM
To: John Arnold/HOU/ECT@ECT
cc: Savita Puthigai/ENRON@enronXgate
Subject:

John,

You might recall we spoke a few weeks ago about a system with more
intelligence for out-of-hours trading than just leaving the products on Last
Trade is Mid.

Attached is a suggestion for how such a system might work. It builds on
Offset to Last Trade functionality.

The simplified description is: It tracks two variables: Intensity(Speed) and
Bias (Buy or Sell emphasis).  As Intensity increases, the Spread increases.
As Bias increases, the Offset increases.

I'll call later to see what you think of the idea.

Dave

Program Criteria

The formula which defines the trading decision-making program will need to
work with several criteria/inputs/definitions. These might be:

Intensity (Speed) - The average time between transaction attempts, regardless
of whether they are buys or sells. Measured as a moving average over the last
[Intensity Factor] transactions by comparing the timestamp of the transaction
Tibco messages for the Product.
Obviously, the lower the Intensity calculation, the higher the transaction
flow. Therefore a high Intensity number indicates low transaction flow.
Intensity Factor - The number of transactions to be included in the moving
average Intensity calculation. A possible value for this might be [4].
#Buys - The number of Buys which have occurred.
#Sells - The number of Sells which have occured.
Transaction Count - Could be either #Buys or #Sells (whichever last occured).}
Buy Offset - The Offset value which will be applied if a Buy occurs.
Sell Offset - The Offset value which will be applied if a Sell occurs.
Offset Reversion Ratio (ORR)- The amount by which the Buy Offset should be
reduced if a Sell occurs (or amount Sell Offset should be reduced if a Buy
occurs). A possible value for this might be [0.3]. If the application of the
ORR results in a reduction of less than 1, then the reduction shall be 1.
Transaction Reversion Ratio (TRR)- The amount by which #Buys should be
reduced if a Sell occurs (or amount #Sells should be reduced if a Buy
occurs). A possible value for this might be [0.3]. If the application of the
TRR results in a reduction of less than 1, then the reduction shall be equal
to 1.
Spread Minimum - The minimum Spread value allowed. A possible value for this
might be [0.04]
Spread Maximum - The maximum Spread value allowed. A possible value for this
might be [0.50]
Offset Minimum - The minimum Offset allowed for both Buys and Sells. A
possible value for this might be [0].
Offset Maximum -The maximum offset allowed for both Buys and Sells. A
possible value for this might be [0.50]
Initial Offset - The Buy and Sell Offset used when the program is started
Initial Spread - The Spread used when the program is started
Spread-Offset Minimum - The minimum amount by which Spread must exceed
Offset. Prevents a possible arbitrage opportunity for the customer. A
possible value for this might be [0.01]
Dead Interval - The period of time which must pass before the program will
recalculate the above Criteria, if no transactions have taken place during
the Dead Interval. A possible value for this might be [240] seconds.

Program Outputs

The program should output the following variables as a result of combining
the above Criteria in a user-defined Formula:

Spread (integer) - as per current Stack Manager
Offset (integer) - as per current Stack Manager
Suspension (boolean) - Whether or not the Product should be suspended.
Normally "False"

Program Interface and Operation Principles

The user should be provided with a GUI which will allow them to define a
relationship among the above Criteria, which will produce and apply the
Outputs to a particular Product. This relationship would be defined with
Intensity Formulas and Transaction Formulas.

Every time a Transaction occurs, or a Dead Interval passes, the Criteria will
be recalculated and the user-defined formulas will be reviewed by the
program. If a Dead Interval passes without any transactions taking place,
then Intensity = Intensity +240 and #Buys=#Buys-TRR and #Sells=#Sells-TRR and
Buy Offset = Buy Offset- ORR and Sell Offset = Sell Offset - ORR.

If the user-defined Formulas (see following) indicate that a change in spread
should occur, then if the Offset is zero (in the case of a trade occurring)
or if no trade has occured (during the passing of a Dead Interval), the
system shall perform a Last Trade is Mid calculation around the last
transaction, adjusting the buy and sell prices according to the new Spread
value.

Any adjustment to the Spread shall respect the Spread-Offset Minimum. If a
reduction in the Spread should violate the Spread-Offset Minimum, then the
Buy Offset (or Sell Offset, or both as appropriate) shall be reduced
accordingly. Similarly, if the Offset is increased by a Transaction Formula
to a level greater than the Spread, the Spread shall be increased to maintain
the Spread-Offset Minimum.

GUI/Formulas Example:

Constants
Intensity Factor: [4]
Dead Interval: [240]
Offset Reversion Ratio (ORR): [0.3]
Transaction Reversion Ratio (TRR): [0.3]
Spread Minimum [0.04]
Spread Maximum [0.50]
Offset Minimum [0]
Offset Maximum [0.49]
Spread-Offset Minimum [0.01]

         INPUTS           OUTPUTS
Intensity Formula
Formula # Intensity   Spread Offset  Suspension
S1  >220   -0.01 n/a F
S2  <30   +0.01 n/a F
S3  <10   +0.02 n/a F

Transaction Formula
Formula # # Transactions  Spread Offset  Suspension
V1  <4   n/a -0.01 F
V2  >3   n/a +0.01 F
V3  >5   +0.01 +0.02 F
V4  >10   +0.02 +0.04 F
V5  >15   +0.04 +0.15 F
V6  >20   n/a n/a T

Note that #Transactions would be #Buys or #Sells, as appropriate. Note also
that #Buys and #Sells are not intended to be an absolute count, but rather
are a moving measure of the number of buys or sells which have recently
occured.

In this example, all Constants and Formulae are editable by the user through
the GUI.

Simulation

Obviously, if we want to proceed, we will want to conduct several simulations
to prove concepts and evaluate responsiveness. However, to give some idea of
how the above might work when a market starts to run in a particular
direction, please see the attached:

Additional Features

System Notifications

There should be two kinds of notifications for the Robotrader, which will be
similar to Stack Manager Garbage Checks: Warning and Failure levels for both
Offset and Price. The warning levels will trigger a pager message. The
Failure levels will trigger a pager message and the product will be
automatically suspended. The Price checks will be against prices input by the
trader (not relative price movements, but actual price). There should be both
maximum and minimum price checks (e.g. gas is trading at $5.50. The
notification levels could be $8 at the top end and $2 at the bottom end).
Offset checks will only be against a maximum value.

Dave


For your information, the organizational change below will not bring about a
change in administrative coverage for West Power Trading.  Anna Mehrer will
continue to support Greg Wolfe as part of the Middle Market and Services
group.  Kathy Sheppard will continue to support Bill Williams III and Real
Time.

Let me know if you have any questions.

---------------------- Forwarded by Debra Davidson/PDX/ECT on 12/21/2000
08:41 AM ---------------------------

	From:  Tim Belden                           12/20/2000 04:15 PM

To: Portland West Desk
cc:
Subject: Organizational Update

As everyone is surely aware after last night's going away party, John Forney
is heading back to Houston to trade the Short Term Entergy market.  Bill
Williams III will be assuming responsibility for the Real Time desk and will
report to Greg Wolfe.  There are three major areas of responsibility that
Greg and Bill will be focussing on in 2001.  The first is the management of
EPMI's physical power flows.  This entails checking out with counterparties,
handling cuts, and ensuring that all of our risk and settlement systems
reflect the proper information.  The second area is trading done by the Real
Time group.  Each day, our Real Time desk combs the market looking for
attractive trading opportunities.  The third area is the Services Desk.  The
Services Desk provides scheduling and settlements services to customers who
don't have the staff or systems to do it themselves.  We have seen our
Services business grow dramatically this year.

Greg Wolfe will be ultimately responsible for the efforts of the Real Time
desk and our Services business.  Les Rawson will continue in his role on the
Services desk and will report to Greg.  Bill Williams will be responsible for
the day to day operations of the Real Time desk.  Greg will continue to work
closely with the middle market group and will maintain some of his coverage
responsibilities.  Chris Foster will continue to manage the Middle Market
group.


- TREE.EXE


Over the next few weeks there will be crews working in the North and South
buildings installing new computer and telephone network wiring.  This effort
is part of an overall project to upgrade the network and add capacity to the
computer infrastructure in Tehachapi .  The wiring effort will include all
offices, cubicles, conference rooms, and trailers.  The wiring will be all
new and will not disrupt current network service during the transition.

The wiring will start in the North and South buildings later this week and
will continue through to July 24.  The crews will be working from 7:00AM to
7:30PM throughout the weeks.  Please be aware that the crews will need access
to offices, cubicles, and conference rooms.  They will attempt to hold
disruptions to a minimum, but will be removing ceiling tiles and installing
new outlets for data and voice service in each of your areas.  Transition to
the new network will be completed by July 15.  The crews will then go through
and remove all of the old wiring.

Your cooperation is appreciated with this effort as we work to improve the
computing and network infrastructure in the Tehachapi campus.  Any questions,
please direct them to Bob Grant, X6850.

Bob


done

Jackie Young
02/03/2000 10:13 AM
To: Daren J Farmer/HOU/ECT@ECT
cc:
Subject: Re: 98-3405 Activity Being Allocated/Nomed @ 98-9643

Daren,

Wanted to let you know that there are still two sitara deals that need to
have the expected volume brought down to "0" of the list that I previously
sent you.
They are 114099 and 92918.

I appreciate you revising the ones that you have and you probably were going
to handle the above two today.  In case you were please disregard this
notice.  If you had fogotten, this can serve as reminder.

As usual, thanks for your help.

-Jackie-
3-9497


Steve,

The Secretary of Energy Ernesto Martens used to be the CEO of VITRO, our
client in for the Monterrey Project.  He was a board member until the day of
his appointment.  He knows Enron well.  He used to be the President and CEO
of CINTRA the holding company for Mexicana and Aeromexico airlines.  When I
worked at McKinsey I was engaged in projects with CINTRA for two years.
Martens has a reputation of being a good and tough manager.  He delivers.
On the other hand he also has a reputation of being stubborn and not a good
negotiator.  We still have to convince him of the proposed electric sector
reorganization.

The good news is that Fox used many of the phrases that we wrote in the
documents for the transition team.  Apparently he is following the script.
When he talks about no privatization he limits it by saying: there will be no
sell out of CFE's current assets and by ensuring that the sector will be open
to competition.

Dionisio P,rez- Jacome was appointed President of the FERC.  He is a
classmate of Steffes from the Kennedy School and a good friend of mine.

All of the team supporting him is Luis Tellez's team. The undersecretaries,
the president of the CRE (FERC) the directors of CFE and LFC.  The only new
face is the Director of PEMEX who used to be the President and CEO of DuPont
in Mexico.  Ra?l Muoz was very helpful in promoting electric deregulation.
About a year ago he organizad a trip to Altamira in the state of Tamaulipas
in which he invited members of Congress to visit the DuPont and the BASF
plants there so they could see the size of the investments and what was at
risk if deregulation did not take place.  Jaime Alatorre and I were the only
non Congress, non-DuPont or BASF people invited.  He and Alatorre are very
very good friends.  I spent some time with him yesterday at a conference in
which I presented a document on energy and economic development and he
invited me to his office to discuss competition in natural gas.

CFE and LFC have the same directors which may  make change more difficult
btu it is inevitable.

Best,

Ricardo

	Steven J Kean
	12/04/2000 04:11 PM

		 To: Ricardo Charvel/NA/Enron@Enron
		 cc:
		 Subject: Energy Analysis

How are the appointments turning out from your perspective?
----- Forwarded by Steven J Kean/NA/Enron on 12/04/2000 04:11 PM -----

	"Nike Papadopoulos" <nikep@edelmanmexico.com.mx>
	12/04/2000 11:22 AM
	Please respond to nikep

		 To: <max.yzaguirre@enron.com>, <skean@enron.com>, <rshapiro@enron.com>,
<eric.thode@enron.com>, <jaime.alatorre@enron.com>,
<Ricardo.Charvel@enron.com>, <jaime.williams@enron.com>, <sirvin@enron.com>,
<msabine@enron.com>, <agustin.perez@enron.com>
		 cc: <aventura@edelmanmexico.com.mx>
		 Subject: Energy Analysis

Attached you will find last week's energy analysis which includes
information about Vicente Fox's Energy team.

Thank you.

 - 24Nov-3Dec.DOC


Our Teco Tap  Nom is 57.500 ;  Teco Tap Actual is 57.300

---------------------- Forwarded by Melissa Jones/Texas Utilities on
02/07/2001
01:28 PM ---------------------------

kponton@duke-energy.com on 02/07/2001 11:23:38 AM

To:   David Avila/LSP/ENSERCH/US@TU, Charlie Stone/Texas Utilities@TU, Melissa
      Jones/Texas Utilities@TU
cc:
Subject:  NOM & ACTUAL FLOW FOR 2/6/01

Nom = 61,250 MMBtu's

Actual Flow = 57,300 MMBtu's

Also, in discussions w/ HPL/Enron yesterday, for the 1st they are showing
actual flow rate of 30,000 MMBtu's whereas I'm showing 30,869 MMBtu's.  As
30,869 actually flowed please verify this volume with HPL/Enron.....

Thanks,
Eileen


Imagining that for myself, it would not be a pretty site.  Was it just a lot of movement, or was there noise as well?  --Sally

"Cindy White" <cwhite@viviance.com> on 04/05/2001 10:23:01 AM
To:	"Sister Sally" <sally.beck@enron.com>
cc:
Subject:	bus top

Thought you would appreciate this...

Was late this morning and had to flag the bus down by waving my arms.  Had
on a short-sleeved shirt.  Use your imagination.

Cindy


Tana,

Please could you review the modifications that Aether are requesting to the
NDA and let me know if this is acceptable.

Thanks

-Teresa

---------------------- Forwarded by Teresa Smith/Corp/Enron on 05/12/2000
09:42 AM ---------------------------

Joseph Gatto <jgatto@aethersystems.com> on 05/12/2000 09:34:36 AM
To: "'teresa.smith@enron.com'" <teresa.smith@enron.com>
cc: Evan Deoul <edeoul@aethersystems.com>, Bill Hannon
<BHannon@aethersystems.com>

Subject: NDA modification

Hello Teresa,

It was good talking with you earlier, I look forward to working with you on
this exciting partnership. I just received this slight modification to the
NDA from our legal group. Please advise if these changes are acceptable on
your side and we can turn around today!

 <<Enron NDA Change.doc>>

Thanks much,

Joseph D. Gatto
Director of Sales, Financial Systems Division

Aether Systems, Inc.
11460 Cronridge Drive
Owings Mills, Maryland 21117
Phone: (410) 654-6400 x157
Fax: (410) 654-6554
Cell: (443) 415-8790
E-mail: jgatto@aethersystems.com

 - Enron NDA Change.doc


Here is the Final December NGPL Report.  If you have any questions, feel free
to call me.

Robin
x57478


Just in case you lost Avram's number, it's 510-845-7310


Rod/Stan, Bob Butts requested an update on a "best case" scenerio for PGG
earnings for 2001(see attached).  We're discussing this with Bob today.
Please call if you have questions about this info.

-----Original Message-----
Date:  05/18/2001  01:48 pm  (Friday)
From:  Kirk Stevens
To:  Bob Butts
CC:  DARRINGTON OUTAMA;  Jim Piro
Subject:  PGG Best Case Forecast

Bob, per your conversations with Jim Piro, attached is a "best case" forecast of PGG earnings for 2001 if net variable power costs were to improve by 2 standard deviations.  I'll give you a call to see if you can discuss this today (or set up a time to discuss on Monday). Note that just as we could over-perform to this level, changes in price curves, load changes, or power plant operations could result in earnings worse than our current estimate numbers (Volitility's the word)

Also attached are some sensitivities for Q2 earnings that we're dealing with that may reduce our current forecast or offset potential benefits of us over-performing on net variable power costs.


Richard Sage is coordinating the initialing and signing for us which is why I
included him on the replies.  We will not be meeting with them in person
tomorrow, but will be discussing the relationship and the documents that we
will be sending.  They have changed the appropriate contact person so we will
be determining who the new person should be during the call.

Thanks.

Gillian

Leslie Hansen@ECT
11/21/2000 02:29 PM
To: Gillian Johnson/NA/Enron@ENRON
cc: Tana Jones/HOU/ECT@ECT

Subject: Re: I2 NDA

I understand that this will be executed in London.  Is there a lawyer who
will initial the NDA for EnronCredit in connection with our execution?  I'm
assuming you will have this NDA executed prior to the meeting.

Leslie

	Gillian Johnson@ENRON
	11/21/2000 01:32 PM

		 To: Leslie Hansen/HOU/ECT@ECT
		 cc: Craig Chaney/HOU/ECT@ECT, Richard Sage/LON/ECT@ECT
		 Subject: Re: I2 NDA

Thanks for taking care of this.  We will be meeting with them tomorrow.

Gillian

Leslie Hansen@ECT
11/21/2000 12:56 PM
To: Gillian Johnson/NA/Enron@Enron
cc:

Subject: I2 NDA

Gillian:

Attached please find the I2 NDA as revised to provide that the term of the
NDA is 3 years and that Confidential Information disclosed under the
agreement is protected for 2 years after the date of the disclosure.

I can finalize for execution after I2 has approved the contents of this NDA.
I'll leave it to you to distribute to them.

Leslie


Everyone,

You probably have already heard on the news that there is a new Computer Virus out on the internet that is causing Corporations to experience numerous problems.  We have an automated process to update our workstations with the latest virus protection updates.   However, there may be some machines that didn't get the update.  In order to prevent this virus from infecting your machine, please assist by doing one of the following tasks.

1.  Logout of the network and log back in or
2.  Click on START>PROGRAMS>ACCESSORIES>Norton AntiVirus Corporate Edition and then click the Live Update button.  This will pop up a screen where you will have to click the "Next" button and then a "Finish" button.

The proper version of the update pattern you need is:   (9/18/2001, version 30918v)

If you have questions or concerns, please direct them to your Resolution Center.

Enron Global Technology


----- Forwarded by Richard B Sanders/HOU/ECT on 05/22/2001 09:44 AM -----

	"Dan Watkiss" <dwatkiss@bracepatt.com> 05/22/2001 09:46 AM 	   To: <gfergus@brobeck.com>, <sbishop@gibbs-bruns.com>  cc: <linda.robertson@enron.com>, <Richard.B.Sanders@enron.com>  Subject: Request to FERC

I have had several more conversations that convince me that FERC will provide very helpful answers to the three quesitions that Robin sent to me regarding FERC's jurisdiction over the issues in the California cases.

You should be aware of timing issues.  Two of FERC's five positions (both Republican or Independent) are vacant, but soon to be filled by nominated candidates.  Both nominees (Pat Wood and Nora Brownell) are expected to be helpful to our interests.   If we suceed in getting a U.S. district court judge to sollicit FERC's view befor the  two new nominees are seated, there may be a slight risk that members of Congress will hold their nominations hostage over the issue of how FERC answers the court.

I have copied Linda Robertson, the head of Enron's Washington shop, so that she can assess how real this risk is and whether it should influence our timing.


When: Friday, February 01, 2002 1:30 PM-2:30 PM (GMT-06:00) Central Time (US & Canada).
Where: ECS 5112

*~*~*~*~*~*~*~*~*~*

Please plan to attend a meeting today at 1:30 p.m. in ECS 5112 to discuss Rate Feeds for UBS.  We need to ensure that everyone will get the rate feeds that they expect to see in the various systems.  We need to make sure that there are no holes in the process!


Sara or Carol,

In anticipation of the deal, I have already prepared a "sample"  ISDA for
Japanese counsel's review.    Let me know which of you will be heading this
up, so you can review the "sample" document before same is submitted to
Japanese counsel.   FYI -- for ENA's legal surveys we used Akihiro Wani of
Mitsui, Yasuda, Wani and Madeda.

Susan
---------------------- Forwarded by Susan Bailey/HOU/ECT on 03/06/2000 11:15
AM ---------------------------

Shari Stack
03/06/2000 11:03 AM
To: Susan Bailey/HOU/ECT@ECT, Carol St Clair/HOU/ECT@ECT, Sara
Shackleton/HOU/ECT@ECT
cc: Mark Taylor/HOU/ECT@ECT
Subject: Paper & Pulp Master for Japanese CP "Itochu"

Sara & Carol:

While you both were out last week, this paper & pulp deal was in discussion.
Since it was in such early stages - nothing was ever done from a Legal
standpoint as per Bob Crane's request. I just got an email this morning from
Tanya that they would like to go ahead and proceed now. Both she and the
commercial people are aware that we will need to speak with Japanese counsel
before sending a document out.

Susan Bailey is the paralegal on this and I have asked her to ask one of you
to handle this file.

Many thanks,

Shari

-------------------- Forwarded by Shari Stack/HOU/ECT on 03/06/2000 10:55 AM
---------------------------

Tanya Rohauer
03/06/2000 10:47 AM
To: Paul Radous/Corp/Enron@ENRON
cc: William S Bradford/HOU/ECT@ECT, Shari Stack/HOU/ECT@ECT
Subject: Re: Fixed price

I am inclined to approve Itochu for a one year 6,000 tpy trade (approximate
potential exposure of 500K) without requiring upfront collateral.  Paul, we
probably need to rethink the ISDA terms. Also, Shari needs to send the ISDA
to outside Japanese counsel for review before we proceed,

Thanks,
Tanya
---------------------- Forwarded by Tanya Rohauer/HOU/ECT on 03/06/2000 10:38
AM ---------------------------
From: Scott M Shields on 03/03/2000 02:53 PM
To: "tsutomu yamauchi" <t.yamauchi@itochu.com> @ ENRON
cc: Tanya Rohauer/HOU/ECT@ECT, Chris Croom/HOU/ECT@ECT
Subject: Re: Fixed price

Yamauchi:

I look forward to seeing you next Friday.  It is too bad you can't come to
Houston the night before, because I could show you the Houston Night life!
Let me know if you change your mind.

As of right now, and given the appropriate credit security from Itochu, we
can sell a fixed price swap
based upon the NBSK PPW c.i.f. Japan Index, starting in May 2000 for 1 year,
500 MT/month
at $774 / MT.  This price is based of course on the fact that there are
mulitple increases promised thoughout the
next year.

I am in Chicago through Wednesday next week, so call me on my cell phone if
you have questions.
I look forward to seeing you next week.   713-817-4151

Regards,

Scott

"tsutomu yamauchi" <t.yamauchi@itochu.com> on 03/02/2000 12:43:15 PM
To: <Scott.M.Shields@enron.com>
cc:
Subject: Re: Fixed price

Scott,

Yes, I will fly to Houston and arrive in Houston/George Bush
at 11am on Friday, March 10th. Then I will take a cab to your
office. How long will it take from Airport to your office??

Anyway, I will come to your office around noon so let's have
a lunch if available.

And I will fly back to New York by evening flight, which will
depart at 3:37pm.

Please confirm your availability.

Yamauchi

----- Original Message -----
From: <Scott.M.Shields@enron.com>
To: <t.yamauchi@itochu.com>
Sent: Thursday, March 02, 2000 11:07 AM
Subject: Re: Fixed price

Yamauchi:

We are still working up a price on the terms and index that you requested.
I hope that we will be finished by today or tomorrow at the latest.
Have you thought about your travel plans to Houston?

Scott

"tsutomu yamauchi" <t.yamauchi@itochu.com> on 03/01/2000 09:56:50 AM

To:   "Shields, Scott (Enron)" <Scott.M.Shields@enron.com>
cc:   "Croom, Chris (Enron)" <chris.croom@enron.com>
Subject:  Fixed price

Scott,

Please consider the following terms and let me know your
quotation.

1) Grade :  Northern Softwood Full Bleached Kraft Pulp
2) Volume : 500 ADMT/month  (6,000 ADMT/year)
3) Period : May  2000 - April 2001 ( one year)
4) Index price : NBSK price for Japan in Pulp &  Paper Week
  (Price Watch:Market  pulp)

Regards,

Tsutomu Yamauchi
Pulp & Paper Dept.
ITOCHU International  Inc.
212.818.8233
212.818.8243 fax


No, I can figure it out.  How many folks?

> -----Original Message-----
> From: Tana.Jones@enron.com [SMTP:Tana.Jones@enron.com]
> Sent: Tuesday, May 09, 2000 5:33 PM
> To: PREISINGER@tmh.tmc.edu
> Subject: RE: This weekend
>
>
> Yes, we will be having it at Pastor Beth's.  Do you need directions?  It's
> at 7:00 pm.
>
>
>
>
>                     "Preisinger,
>
>                     Andrea"               To:     "'Tana.Jones@enron.com'"
> <Tana.Jones@enron.com>
>                     <PREISINGER@tm        cc:
>
>                     h.tmc.edu>            Subject:     RE: This weekend
>
>
>
>                     05/09/2000
>
>                     03:55 PM
>
>
>
>
>
>
>
>
>
> I didn't get it.  Are we dining at Pastor Beth's?
>
> I know how that software changeover thing can be...
>
> > -----Original Message-----
> > From:   Tana.Jones@enron.com [SMTP:Tana.Jones@enron.com]
> > Sent:   Tuesday, May 09, 2000 3:00 PM
> > To:     PREISINGER@tmh.tmc.edu
> > Subject:     Re: This weekend
> >
> >
> > I just forwarded directions to Pastor Beth's and a note about the number
> > of
> > people.  Did you get it?  We just got Windows 2000 and I'm having
> trouble
> > with my emails...
> >
> >
> >
> >
> >                     "Preisinger,
> >
> >                     Andrea"               To:     "'Tana Jones'"
> > <Tana_Jones@enron.com>
> >                     <PREISINGER@tm        cc:
> >
> >                     h.tmc.edu>            Subject:     This weekend
> >
> >
> >
> >                     05/09/2000
> >
> >                     02:35 PM
> >
> >
> >
> >
> >
> >
> >
> >
> >
> > Just wondering how many people we will be serving.  Also, are you going
> to
> > send directiosn to you house?
> >
> > Thanks-
> >
> > Andrea
> >
> >
>
>


Start Date: 4/4/01; HourAhead hour: 8;  HourAhead schedule download failed.
Manual intervention required.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001040408.txt
!!!An error occurred while attempting to initialize the Borland Database
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Engine (error $2A04)
Error: Crawler lifetime exceeded.
Error: dbCaps97Data: Cannot perform this operation on a closed database
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Engine (error $2A04)
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Error: dbCaps97Data: Cannot perform this operation on a closed database
!!!An error occurred while attempting to initialize the Borland Database
Engine (error $2A04)
!!!An error occurred while attempting to initialize the Borland Database
Engine (error $2A04)
Error: dbCaps97Data: Cannot perform this operation on a closed database
Error: dbCaps97Data: Cannot perform this operation on a closed database
!!!An error occurred while attempting to initialize the Borland Database
Engine (error $2A04)
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Engine (error $2A04)
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Engine (error $2A04)
Error: dbCaps97Data: Cannot perform this operation on a closed database
!!!An error occurred while attempting to initialize the Borland Database
Engine (error $2A04)
!!!An error occurred while attempting to initialize the Borland Database
Engine (error $2A04)
!!!An error occurred while attempting to initialize the Borland Database
Engine (error $2A04)
!!!An error occurred while attempting to initialize the Borland Database
Engine (error $2A04)
!!!An error occurred while attempting to initialize the Borland Database
Engine (error $2A04)
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Engine (error $2A04)
!!!An error occurred while attempting to initialize the Borland Database
Engine (error $2A04)
!!!An error occurred while attempting to initialize the Borland Database
Engine (error $2A04)
!!!An error occurred while attempting to initialize the Borland Database
Engine (error $2A04)
!!!An error occurred while attempting to initialize the Borland Database
Engine (error $2A04)
!!!An error occurred while attempting to initialize the Borland Database
Engine (error $2A04)
!!!An error occurred while attempting to initialize the Borland Database
Engine (error $2A04)
!!!An error occurred while attempting to initialize the Borland Database
Engine (error $2A04)
!!!An error occurred while attempting to initialize the Borland Database
Engine (error $2A04)
!!!An error occurred while attempting to initialize the Borland Database
Engine (error $2A04)
!!!An error occurred while attempting to initialize the Borland Database
Engine (error $2A04)
!!!An error occurred while attempting to initialize the Borland Database
Engine (error $2A04)
Error: dbCaps97Data: Cannot perform this operation on a closed database
!!!An error occurred while attempting to initialize the Borland Database
Engine (error $2A04)
!!!An error occurred while attempting to initialize the Borland Database
Engine (error $2A04)
!!!An error occurred while attempting to initialize the Borland Database
Engine (error $2A04)
!!!An error occurred while attempting to initialize the Borland Database
Engine (error $2A04)
!!!An error occurred while attempting to initialize the Borland Database
Engine (error $2A04)
!!!An error occurred while attempting to initialize the Borland Database
Engine (error $2A04)
!!!An error occurred while attempting to initialize the Borland Database
Engine (error $2A04)
Error: dbCaps97Data: Cannot perform this operation on a closed database


Here is the latest agenda for Monday.

Regards

Sue

________________________________

Sue Ford
Enron Corp.
Tel: 713-853-5176
Fax: 713-646-5930
sue.ford@enron.com

 -----Original Message-----
From: 	Ford, Sue
Sent:	Thursday, November 15, 2001 4:14 PM
To:	Whalley, Greg; Bowen Jr., Raymond; Brown, Bill W.; Buy, Rick; Boots, Kelly H.; Schnapper, Barry; Heineman, Sarah
Cc:	Taylor, Liz; Schiller, Marsha; Castillo, Rosie; Heathman, Karen K.; Border, Mary
Subject:	Agenda for Monday and Tuesday in NY

This is a very rough Agenda, if you have any updates please let me know a.s.a.p.

Thanks

Sue

 << File: Houston_NY.Nov 19.doc >>

________________________________

Sue Ford
Enron Corp.
Tel: 713-853-5176
Fax: 713-646-5930
sue.ford@enron.com


Attached is EPSC's monthly legal report.  Thanks.


Don't make any changes for now.  I need to draft a more detailed memo.

	From:  Donnie Myers @ ENRON                           09/20/2000 08:44 AM

To: Chris Germany/HOU/ECT@ECT
cc:
Subject: Clinton Deal #348443

Chris,

 On deal #348443 with Clinton Energy, Clinton is showing a volume of 12,800
dth instead of 12,803 (what we are showing).  Diane Morris at Clinton got
with her scheduler and he verified that they only received 12,800 dth.  Could
you please verify our amount and change if necessary?  Let me know what you
find.  Thanks...


-----Original Message-----
From: 	Martinsen, Aaron
Sent:	Tuesday, September 25, 2001 6:15 PM
To:	Grigsby, Mike
Cc:	Mcgowan, Kevin
Subject:	Western Coal Overview

Here is a brief overview of the WSCC Coal Plants.  It gives you a basic idea of where plants are, what kind of coal they burn, and how big they are.  If you have any questions feel free to let me know.

Aaron Martinsen
713-853-6726


QB-- D. Culpepper
RB-- E. George
RB-- K. Anders
REC-J. Rice
REC-- T Gonzalez
REC-- A Freeman
K -- Gramatica
DEF-- NY Giants


---------------------- Forwarded by Jim Schwieger/HOU/ECT on 03/22/2001 03:09 PM ---------------------------

Jim Schwieger
01/02/2001 11:22 AM
To:	MoniqueM@PennWell.com
cc:
Subject:	Bammel Storage Facility

Dear Monique,

The gas processing plant has been shut down for many years and is in fact dismantled.  I would leave off any mention.
There is an active compressor station in fact it was converted to electric from gas in 1999.
There is still an active underground storage facility.  Capabilities have improved from what you have to the following:
	Storage Capacity: 70 BCF to 115 BCF
	Maximum Injection Capacity: 510,000 Mcf/d
	Maximum Withdrawal Capacity:  1,400,000 Mcf/d
Call 713-853-7705 if you have questions.

	Jim Schwieger
---------------------- Forwarded by Jim Schwieger/HOU/ECT on 01/02/2001 11:11 AM ---------------------------

Monique Monson <MoniqueM@PennWell.com> on 01/02/2001 09:21:51 AM
To:	"'jschwie@ect.enron.com'" <jschwie@ect.enron.com>
cc:
Subject:	Bammel Storage Facility

Dear Jim,

We are updating our records on your facilities and would like you to verify some information.
We show a gas processing plant that is shut down.
We show an active compressor station.
We show an active underground storage facility.

Thank you for your assistance in this matter.

Monique Monson
Research Assistant
PennWell/MAPSearch
P.O. Box 5237
Durango, Colorado 81301

800-823-6277 x 20


Houston has experienced catastrophic flooding. My flight has been cancelled.
It is conceivable that I could get out tomorrow, but I am wondering if I
should try.  I could still make the speech if we don't get more rain, but
given the lack of other reasons for me to go, I am considering cancelling.  I
don't think it makes much sense for me to go for a 15 minute speech.
what do you think?
phone 713.621.6550


Here's the gov's analysis of the MOU.  Have a good weekend.

Best,
Jeff
----- Forwarded by Jeff Dasovich/NA/Enron on 04/28/2001 01:26 PM -----

 - Governor's cost-benefit for MOU.pdf


I can't meet on Thurs or Friday this week but can meet next week.  Let me
know what works for you.


Don,

Howdy,  Yes I am going to Miami.  How could i not go!  I still cant believe
it actually.

Sorry I 've dropped the ball on setting up a meeting with your company.  I
did talk with  Cindy Olson, HR - EVP and she would like to meet.  I just
forgot after our last exchange.  Please send me back and email with your
telephone number and I'll have Cathy Phillips my assistant set up a meeting.

Thanks,
m

"Daniel, Don" <ddaniel@nexstarhome.com> on 12/05/2000 04:12:37 PM
To: "'mike.mcconnell@enron.com'" <mike.mcconnell@enron.com>
cc:
Subject:

 Hi Mike, Hope all is well and hope that you were able to spend a
little time at home over the holidays.Congrats on the Sooners season, what
an exciting year with one big game to go. Are you going to Miami? Spoke with
Brenda last night and she said they had a great time at the big 12
championships and are planning to go to Miami for the National Championship
game. Sure wish my Horns were going, I guess we have to settle for another
sunny, San Diago. I here we are having Duck(OREGON) for dinner. Good luck in
Miami, I will be rooting for your Sooners (that's hard to say). Give me a
call when you get a chance so we can follow up on Enron and Nexstar
opportunities. Thank.  Hook-em, Don


Mary:  Would you please send me a copy of the metals confirm and the final
format to which ENA agreed?  Thanks.  Sara


The proposal is totally satisfactory to Ken Lay.

Rosalee

"Holloway, Wanda" <Wanda.Holloway@COMPAQ.com> on 04/19/2001 01:44:06 PM
To: "'klay@enron.com'" <klay@enron.com>, "'lynnj@iname.com'" <lynnj@iname.com>
cc: "'babbio@verizon.com'" <babbio@verizon.com>, "Jackson, Yvonne"
<Yvonne.Jackson@COMPAQ.com>
Subject: CONFIDENTIAL:  HR Committee Approval Requested for Option Grant

In light of Jesse Greene's acceptance of the SVP, Strategy position, we have
re-examined his option opportunity for 2001.  As you recall, we deferred a
decision on his option grant in December 2000 pending a decision on his
status.

Now that Jesse has accepted this new role, we are recommending a grant of
125,000 stock options, which is comparable to the December 2000 grant to
other 16b officers in staff positions.  As a point of reference, below are
the option grants made to 16b officers in December 2000:

Blackmore - 375k
Winkler - 350k
Larson - 275k
McDowell - 250k
Elias - 150k
Jackson - 175k
Siekman - 155k
Napier - 155k
Fox - 125k
Milton - 100k
Clarke - 75k (received additional grant of 175k options upon appointment to
CFO)
Walker - 60k (received 250k new hire options in September)
Robison - 0 (recently received new hire grant)

If you have any questions or concerns about this proposal, please let Yvonne
or I know.  If it is acceptable, please advise and we will provide a
unanimous consent for your signature to formalize.  Thank you!

Wanda G. Holloway
Associate General Counsel - Human Resources
Compaq Computer Corporation
MS110701
20555 SH 249
Houston, TX  77070-2698
281-518-6943 (phone)/281-518-7644 (fax)


Genaro,

This is a Central deal.  I work on the West Desk.  I am forwarding it to the
appropriate people.

DG    3-9573

Genaro Mendoza@ENRON
01/22/2001 03:35 PM
To: Darron C Giron/HOU/ECT@ECT
cc:
Subject: 12/00 Agave Pricing

Darron,

 Can you please update the pricing for the 12/00 purchase from Agave (I
believe it still has the 11/00 pricing) ? It is deal # 312068.

Thanks,
Genaro


Wanted single tenant, industrial, retail office or office warehouse properties
Buyer needs to complete a 1031 exchange

Criteria
$1,000,000 to $7,000,000
Anywhere in Texas.
Tenants must be credited.
Leases must have at least seven years left.
Nine cap or better.
Will accept two or three tenant properties.
Please fax, phone, mail or email all possibilities to:

Joe Linsalata (512) 327-5000
Thank you,
Joe Linsalata
Integrity Realty Services
205 South Commons Ford Road, No.1
Austin, Tx 78733-4004
Office:  512.327.5000
Fax:  512.327.5078
email: joe@integrityrs.com
large email's: integrity1@austin.rr.com
==========================================================
IF YOU WISH TO NO LONGER RECEIVE EMAILS FROM ME PLEASE REPLY
TO THIS EMAIL MESSAGE AND I WILL REMOVE YOUR EMAIL.  THANKS.
==========================================================


POSREP HOEGH GALLEON, DATE:	18-May	12:00	9:00	(UTC)
A) Position at noon:	N	16 10	E	41 18
B) Dist. From last noon:	473	nm
C) Dist. To go to next port:	951	nm
D) ETA next port:	SUEZ	20 20:00	LT
E) 1: Average sea/wind	Sea:	WNW 4	Wind:	WNW 3
    2: Average speed	18.92	kn	RPM:	94.58
    3: BOG consumed	171.5	m3
    4: BOG Total	171.5	m3
    5: F.O Consumed	68	m3
    6: G.O. Consumed	0	m3
    7: Average vapor press		Average liq. Temp:
Tk1:	0.101	bar	-159.04	?C
Tk2:	0.099	bar	-159.09	?C
Tk3:	0.099	bar	-159.32	?C
Tk4:	0.099	bar	-159.06	?C
Tk5:	0.101	bar	-159.03	?C

Brgds Knut Bentzr?d
Master LNG/C "Hoegh Galleon"

E-mail: master.gall@hoegh.no
Teleph: Inmarsat tel.no.+873 330853910
Fax   : Inmarsat fax no.+873 330853913
Telex : Inmarsat B telex no.+583 330853915
Telex : Inmarsat C telex no.+583 430853910 (24hrs.watch)


You definitely have to have patience to deal with all the "stuff" around
here.  It's a good thing I've mellowed. Plus, it's my job.

Michael is a doll!  I don't think it's supposed to rain on Saturday, but that
could change at any moment.  The Women's Center needs all kinds of things.  I
have a friend that works for the United Way and goes over there quite often.
If you have clothes, they want you to take them to their Resale shop but they
also need linens, just everything really.  I usually give my things to
Kristine's church just because I always forget to put them in the truck and
bring up here.

I've got next Thursday and Friday on my calendar.  I hope you guys have a
great time.  21, I remember that, wild child that I was!  Any of the camera
places should be able to do that enlargement.  I know Wolfe Camera over at
Allen Center does that type of thing.  I don't know how long it will take to
get it back.  What exactly do you want to get done, and I'll call and
inquire.  I'll need the size you want it mounted to also.

	Kay Mann@ENRON
	05/31/2001 09:21 AM

		 To: Suzanne Adams/HOU/ECT@ECT
		 cc:
		 Subject: Re: Yes, they are deducting for parking

This place amazes me!  Thanks for  your help.  I have no patience for it.

We went to Michael's school conference today.  His teacher raved about how
everyone just loves Michael. He is so sweet.  He is staying with my folks
this week, and the 3 of us miss him so badly.  I can't wait for him to come
home.  Neil is going to meet my folks and Michael in Palacios this Friday,
and spend the weekend there, bringing him home on Sunday.  I've got to take
Roscoe for his last mange shot, so I'm staying.  Plus, I spent last weekend
with my folks, and too much exposure doesn't work for us.  I hope to  PURGE
the house of all the junk I have.  I hope it is raining, because  that is
great cleaning weather.  I want to see bare space in my closet.  I think I'll
call the Women's Center and see what type of stuff they need.

I'm planning on taking next Thursday and Friday off.  Next Thursday is
Paige's 21st birthday, so we have great plans.  Do you know anywhere that can
enlarge a photo and mount it on a board?

I still get a bill for the card they used previously for my phone.  Go figure.

I need to send off my Tx tax and bar dues today.  I'll want to fed ex, just
in case you are sending anyone else's today.

Thanks,

Kay

From: Suzanne Adams@ECT on 05/31/2001 09:12 AM
To: Kay Mann/Corp/Enron@ENRON
cc:

Subject: Re: Yes, they are deducting for parking

Let me see what I can do.  I can't believe you haven't gotten any kind of
notice.

I still need your credit card information for the phone bill.

	Kay Mann@ENRON
	05/31/2001 09:03 AM

		 To: Suzanne Adams/HOU/ECT@ECT
		 cc:
		 Subject: Yes, they are deducting for parking

How do I get on the list for the form?  Could you pretty please check for me?

Thanks,

Kay


The new fixed price deal with Equistar is #365013.

D

From: Lee L Papayoti on 08/14/2000 03:44 PM
To: Daren J Farmer/HOU/ECT@ECT
cc: Robert E Lloyd/HOU/ECT@ECT
Subject: equistar meter # 1552

Daren

We just did a deal for the rest of the month for 10,000/d at meter # 1552
QE-1 @ $4.355 .... can you let me and Robert Lloyd know what the sitara # is?

Thanks


Norma,

Thanks for your help.

My phone numbers are 713 410 5396 (cell, always on)  or 281 367 5377 (home).

Vince


Bob, please advise Rosalee Fleming with respect to this issue.  Thank you. Jim
-----Original Message-----
From: Fleming, Rosalee
Sent: Monday, November 26, 2001 6:20 AM
To: Derrick Jr., James
Subject: FW: Expense Reports Awaiting Your Approval

Jim, did Ken get a chance to discuss this expense report with you?  It is mainly for late charges to an American Express bill that Andy was late paying.  He and I both felt it was the principal of the charges that neither of us really wanted to approve.

Thanks.

Rosie

p.s.  If he didn't get a chance, I will be happy to print out for you.

-----Original Message-----
From: enron_update@concureworkplace.com
[mailto:enron_update@concureworkplace.com]
Sent: Sunday, November 25, 2001 11:19 PM
To: Fleming, Rosalee
Subject: Expense Reports Awaiting Your Approval

The following reports have been waiting for your approval for more than 4 days.  Please review.

Owner: Andrew S Fastow
Report Name: AFastow 110601
Days In Mgr. Queue: 19


please order this thanks
 -----Original Message-----
From: 	"Egnatia Research" <msid@ionsys.com>@ENRON [mailto:IMCEANOTES-+22Egnatia+20Research+22+20+3Cmsid+40ionsys+2Ecom+3E+40ENRON@ENRON.com]
Sent:	Tuesday, July 17, 2001 1:45 PM
To:	energygroup@buffalo.com
Subject:	Electricity Restructuring

Report on "Electricity Restructuring, Reliability and  Transitional Pricing"

The updated and expanded third edition of our report  "Electricity Restructuring, Reliability and Transitional Pricing"  is now being distributed to electric utilities, public utility  commissions, municipalities, investment firms and interest groups.
This  comprehensive 350-page study provides a thorough overview of restructuring  concepts and programs in the USA and Canada, with a discussion and analysis of  recent problems. The following topics are covered:
Electricity Supply under Regulation
Transition to a Competitive Market
Market Power
Effects on Costs and Prices
Three Levels of Restructuring: Infrastructure, Utilities,  Industry
Transmission Grid Capacity Constraints
Physical and Financial Transmission Rights
Reliability Problems, New Standards, Compliance and Enforcement
California Energy Crisis: Causes and Solutions
The New U.S. Energy Plan
Customer Concerns
Electricity Restructuring in Canada
Marketing Programs for Customer Retention
Federal and State-by-State Restructuring Activities
Stranded Cost Problems and Solutions
Merger Activities
Pilot Programs
Detailed Method of Transitional Pricing

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Part 2 of 3

3 Big Horns Drafted High

All-American OT Leonard Davis was the second player chosen in the NFL draft
Friday and Longhorn All-American teammate DT Casey Hampton also went in the
first round.
Arizona picked Davis after the Atlanta Falcons traded up to get the first
choice and took Virginia Tech QB Michael Vick.
Hampton was chosen by the Pittsburgh Steelers with the 19th pick in the first
round.
The Horns' other outstanding DT, Shaun Rogers, was picked in the second round
by the Detroit Lions. He was the 61st pick overall.
The last time Texas had three players chosen in the first round was in 1982.
Texas coach Mack Brown noted that all three players were recruited by former
coach John Mackovic and his staff, and said he is hoping it starts a trend
that sees several Longhorns being drafted every year.
There might be a little fall off next year, but Longhorns should be very
popular with NFL teams on a regular basis beginning in 2003.
Football Notes, Observations . .
UT QB Chris Simms says he is 100% sure he will stay at Texas for his senior
year.
There had been some speculation that Simms might turn pro after this season,
but he said he will stick around for his senior year.
Things to watch for this season that should make a big positive difference
include:
* More weapons to pick up those short-yardage plays to keep drives alive,
like a bigger, stronger running back, a more experienced offensive line and
don't forget great targets in TEs Bo Scaife and Brock Edwards from a two-TE
set.
* More misdirection plays, particularly reverses and quick pitches to the
outside.
* More short passes to frustrate the pass rushers and to give the Horns'
swift and elusive receivers chances to turn short passes into long gains.
Bears Maul Longhorns
The UT baseball players looked great Friday night in whipping Baylor in
Austin, but they looked lost when they went to Waco for the final two games
of their series Saturday and Sunday.
Gerritt Simpson scattered six singles and struck out 10 Friday night to give
the Horns a 5-1 triumph in the first game of the crucial series.
Ryan Brooks had three hits to pace the offense.
But the Bears got to apply the "mercy rule" twice in Waco, throttling the
Horns 14-4 in seven innings and 16-6 in eight innings.
Texas made seven errors in the two games in Waco and that, coupled with
spotty pitching and very little hitting, turned the two games into routs.
Nebraska (15-4)  is running away with the regular season championship, and
Baylor (14-7) and Texas (16-8) are tied for second place. Texas Tech is
fourth (14-9) and OSU is fifth (12-9).

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Offensive Coordinator Interview
Offensive coordinator Greg Davis says there are two areas he always focuses
on in spring practice.
The first is replacing the seniors, and the second  "is schematics, what we
did last season and what changes we need to make, what we should try to do
better."
All-American LT Leonard Davis and All-Big 12 RB Hodges Mitchell were the only
senior starters on last year's offense, and he said he feels a lot better abo
ut replacing Davis than he does about replacing Mitchell.
"Robbie Doane had a real good spring at left tackle," Davis said. "We also
worked Derrick Dockery some at left tackle because we've got three really
good guards. Alfeo Randall (incoming JC transfer) also is a left tackle.
Considering all the possibilities, I think we'll be okay at left tackle."
"But I don't think we solved anything this spring at tailback," he said. "All
five guys did some good things, and we could play all five of them, but we
wanted somebody to step up and nobody did."
The five tailbacks are juniors Victor Ike and Kenny Hayter, sophomores Brett
Robin and Ivan Williams and redshirt freshman Sneezy Beltran.
Head coach Mack Brown said Robin had the best spring, but he said none of the
five played at the level the Longhorns need their tailback to reach.
Davis concurred, saying, "We're going into the pre-season practices with an
unsettled situation at tailback."
"Obviously, we're going to find out what the youngster can do when he gets
here," he added.
The youngster, of course, needs no identification. He is Cedric Benson, the
super recruit who is finishing his senior year at Midland Lee after leading
the Rebels to three straight state 5A championships.
As for a changing some things in the overall scheme, Davis said, "We wanted
to add more misdirection this spring and we worked on that. It's an area
where we think we can add some things that will help us."
He said more work needs to be done on the reverses shovel passes and quick
dashes to the outside. "Those things are not greased yet," he said, but I'm
glad we got to throw a lot of those things at them. It gives us some more
avenues to attack."
Davis also said the coaches worked hard this spring on developing a running
game to pick up short-yardage situations.
"We're not going to be a team that says we have to run for a certain amount
of yardage," he said. "We want to do whatever it takes to win the game, but
there are times when you have to be able to run the ball in short yardage,
particularly for first downs, on the goal line and in the fourth quarter when
we're trying to protect a lead."
Other than the uncertainty at tailback, Davis liked what he saw this spring.
"Our linemen had a good spring," he said. "Mike Williams at right tackle had
a great spring. I think Mike will be an outstanding right tackle this season.
"Derrick Dockery had a really good spring at right guard," Davis said, "Matt
Anderson had a good spring at center and Jason Glynn got a lot of snaps
behind Matt. I'm really pleased with Jason Glynn's development."
Davis said the line will be much better when guards Antwan Kirk-Hughes and
Tillman Holloway, who both missed the spring rehabilitating injuries, return
for pre-season practice.
"Tight end will be a really solid position," he said. "Bo Scaife was able to
get back into things (after knee surgery) and he had a really solid spring.
Brock Edwards is a good young tight end and we'll get Mike Jones (knee
surgery) back for the season."
"Our young wide receivers are just going to get better and better," Davis
said. "Roy Williams, B. J. Johnson and Sloan Thomas all played really well as
true freshmen and now they're a year older and more experienced."
He also said walk-on Kyle Shanahan, redshirt freshman Tony Jeffery and senior
Montrell Flowers also will see a lot of action.
Shanahan is the son of the Denver Broncos' head coach and was a starter on a
scholarship at Duke before deciding to transfer and walk on at Texas because
he wants to be a coach and felt this was the best place to learn the trade.
After sitting out last season, Shanahan is a junior and he catches the ball
as well as anybody on the team.
"This is a really solid group, with very good players and quality depth,"
Davis said. "We're really pleased with our wide receivers."
"At quarterback," he said, "you would be hard pressed to find anybody who has
two like we do."
They are junior starter Chris Simms and senior Major Applewhite, who
shattered most of Texas' passing records before severe injuries to both knees
sidelined him gave Simms a chance to win the job.
Davis also said he is very pleased with the development of redshirt freshman
QB Chance Mock.
"Chance Mock is really talented," Davis said. "He has really good skills."
Mock has outstanding speed for a quarterback and a strong arm. He also has a
very quick release.
"He needs to get some experience, but he has all the tools," Davis said.
So, looking at everything, how good can this Longhorn offense be?
"I think this group has a chance to be really good," he said. "We have a lot
of talented players. We just need to solidify the running game, and we're
working on that."

UT Hires Volleyball Coach

Jerritt Elliott, 32, former interim head women's volleyball coach at the
University of Southern California, is the new head women's volleyball coach
at Texas.
He was the interim coach at USC for two years while former UT and current USC
coach Mick Haley was coaching the U. S. Olympic Team.
Elliott replaces Jim Moore, who resigned.
A highly personable coach who is an outstanding recruiter, Elliott had the
top-rated recruiting classes in the nation both years he was at USC.
Last season, he led USC to its first final four appearance in 15 years and to
USC's first-ever share of the Pac-10 title.
USC also finished the year ranked No. 4 nationally by both the AVCA and
Volleyball Magazine.
USC compiled a 50-12 record under Elliott in these two years, going 29-3 last
fall en route to the NCAA Final Four, and 21-9 in 1999.
In both years, Elliott was honored as the Pac-10 Conference Coach of the Year
and was the 2000 Pacific Region Coach of the Year.
Elliott spent the last six years at USC (1995-2001), the last two years as
interim head coach and a four-year term prior to that as assistant coach.
Elliott accepted the interim head position in 1999 and 2000 in the absence of
Haley, who was serving as the USA National Team head coach through the  2000
Olympics in Sydney, Australia.
Elliott also was named the USA Junior National Team Head Coach for the summer
of 2001, but will relinquish that role with USA Volleyball due to his
appointment at UT.
"It is with tremendous pleasure that I accept the University of Texas
volleyball  head coach position," he said. "I am extremely enthusiastic about
coming to Texas, which is considered one of the prominent volleyball programs
in the country."


Jackie
Thank you for your call and I look forward to getting the list of account transfer dates you promised to send me.  Please remember that while we need to have meter-read dates for all customers, we must have information on the three hourly metered accounts by early tomorrow morning (Friday) in order to send an appropriate schedule to Connie.  I will investigate your question about the remaining four accounts and advise you of any appropriate actions.  Thanks again.
Michael

Michael R. Frazier
Manager
Load Forecasting Desk
Enron Energy Services
Office: 713-345-3200
P-mail: 8779260615@skytel.com