Sounds great--I'll coordinate with Shirley.  Jacob was very excited about his
prior meeting with you and the group.

Molly

 -----Original Message-----
From:  Kaminski, Vince
Sent: Tuesday, May 01, 2001 4:42 PM
To: Magee, Molly
Cc: Kaminski, Vince; Krishnarao, Pinnamaneni; Watson, Kimberly
Subject: RE: Hello

Molly,

Kim Watson would like us to bring Jacob for another interview.
We can do it later this week.

Vince

Vince

---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 05/01/2001
02:22 PM ---------------------------
From: Kimberly Watson/ENRON@enronXgate on 05/01/2001 09:17 AM
To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: RE: Hello

Hi Vince,

If you are still interested in bringing back this gentleman back for another
interview, I would very much like to meet with him.  Sean talked with him
when you brought him in a few weeks ago and he thought it would be a good
idea for me to meet with him so we can compare thoughts.

Thanks, Kim.

 -----Original Message-----
From:  Kaminski, Vince
Sent: Monday, April 16, 2001 1:21 PM
To: Watson, Kimberly
Cc: Krishnarao, Pinnamaneni; Kaminski, Vince
Subject: Re: Hello

Kim,

This is a letter from one of the job applicants who works for PROS.
It seems that the system they develop for Williams
is more a scheduling system.

Would you like to ask him to come back for another interview,
to get more information out of him?

Vince

---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 04/16/2001
01:18 PM ---------------------------

 << OLE Object: Picture (Device Independent Bitmap) >>
"Jacob Y. Kang" <jacobyk@yahoo.com> on 04/11/2001 11:18:44 PM
To: Vince.J.Kaminski@enron.com
cc:
Subject: Re: Hello

Dear Vince:

It was so nice meeting and talking with you too. I did
not take any pen back, I lost my pen too somewhere in
Enron.

As I mentioned to you, after I got my Ph.D in 1999, I
have been working two years as Lead Scientist and
Science Manager in energy division at PROS Revenue
Management Inc. in Houston.

I developed and implemented the mathematical models
for Trading Optimization System and Firm
Transportation Optimization System.

The Trading Optimization System becomes the most
popular product in the industry this year. Duke Energy
just signed the contract to buy this product
yesterday.  Conoco and Williams also signed the
contracts for it. According to PROS Sales Department,
the potential marketer to buy this product exceeds 15
companies in one or two years.

Enron is the ideal place for me to continue my
research and system developing efforts to combine
revenue management with risk management. I am
confident that I can make significant contributions to
Enron in this area.

I would like to thank you again for giving me this
opportunity to come to Enron for this interview. I am
looking forward to having the opportunity to work in
Enron.

Sincerely Yours

Jacob

--- Vince.J.Kaminski@enron.com wrote:
> Jacob,
>
> It was nice meeting you. Did take by any chance
> my pen? If not, I apologize.
>
> Vince
>

__________________________________________________
Do You Yahoo!?
Get email at your own domain with Yahoo! Mail.
http://personal.mail.yahoo.com/


FYI .... for Feb00 only, Equistar asked we deliver the gas under Sitara
106736 to HPL meter 1373 instead (the plant it was originally going to is
having some maintenance being done in Feb).

While I've already change the delivery point in the Sitara ticket, maybe
something needs to bve done to the risk assignment .....


Start Date: 2/4/02; HourAhead hour: 20;  No ancillary schedules awarded.  No variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final Schedules\2002020420.txt


ON further reflection, if Mavrix is to be a wholly owned sub of Enron
Pipeline Company (or whatever the current name is of the top-tier ETS entity)
then that entity ought to issue the guaranty.  Mavrix intends to buy capacity
from TW and possibly NN.  It would be innappropriate to have TW issue the
guaranty if TWs guaranty would likely operate in favor of TW.  Same for NN.
DF

Rod Hayslett

01/31/2001 01:16 PM
To: Jerry Peters/NPNG/Enron@ENRON
cc: Mary Kay Miller/ET&S/Enron@ENRON, Drew Fossum/ET&S/Enron@ENRON, Susan
Scott/ET&S/Enron@ENRON, Steven Harris/ET&S/Enron@ENRON, Tracy
Geaccone/GPGFIN/Enron@ENRON, John Jesse/NPNG/Enron@ENRON

Subject: Re: Mavrix

The consideration isn't the point, its the fact that a creditworthy party,
Enron for instance, has guaranteed the business and in fact they are
creditworthy.    Therefore we haven't given Mavrix a special deal compared to
other shippers, since they are now by way of the guarantee creditworthy.
As I told you on the phone, Enron will do this for others as well, it's just
not cheap, it's like dealing with the guys in the pool hall!

Jerry Peters
01/31/2001 12:56 PM
To: Rod Hayslett/FGT/Enron@ENRON
cc: Mary Kay Miller/ET&S/Enron@ENRON, Drew Fossum/ET&S/Enron@ENRON, Susan
Scott/ET&S/Enron@ENRON, Steven Harris/ET&S/Enron@ENRON, Tracy
Geaccone/GPGFIN/Enron@ENRON, John Jesse/NPNG/Enron@ENRON

Subject: Re: Mavrix

What is the objective of having Mavrix pay its parent/affliate (ETS) a
guarantee fee?   Will this prove that granting credit was
non-discriminatory?  I would argue no, since we don't look at the
consideration paid for guarantees of other companies.  The fact that a
credit-worthy party has issued a guarantee should be enough.  Legally, Mavix
is a separate company.  Parent companies frequently guarantee obligations of
subsidiaries without any direct consideration (other than enabling their
subsidiary to transact business).

Rod Hayslett

01/31/2001 07:56 AM
To: Mary Kay Miller/ET&S/Enron@ENRON
cc: Drew Fossum/ET&S/Enron@ENRON, Susan Scott/ET&S/Enron@ENRON, Steven
Harris/ET&S/Enron@ENRON, Tracy Geaccone/GPGFIN/Enron@ENRON, Jerry
Peters/NPNG/Enron@ENRON, John Jesse/NPNG/Enron@ENRON

Subject: Re: Mavrix

I didn't necessarily mean that we would pay a third party, just someone else
at Enron.

	From:  Mary Kay Miller                           01/31/2001 07:14 AM

To: Rod Hayslett/FGT/Enron@ENRON
cc: Drew Fossum/ET&S/Enron@ENRON, Susan Scott/ET&S/Enron@ENRON, Steven
Harris/ET&S/Enron@ENRON, Tracy Geaccone/GPGFIN/Enron@ENRON, Jerry
Peters/NPNG/Enron@ENRON, John Jesse/NPNG/Enron@ENRON

Subject: Re: Mavrix

I agree with Rod.  By having it done by an outside party seems to make more
sense from an external view.   MK

Rod Hayslett

01/31/2001 06:40 AM
To: Drew Fossum/ET&S/Enron@ENRON
cc: Susan Scott/ET&S/Enron@ENRON, Mary Kay Miller/ET&S/Enron@ENRON, Steven
Harris/ET&S/Enron@ENRON, Tracy Geaccone/GPGFIN/Enron@ENRON, Jerry
Peters/NPNG/Enron@ENRON, John Jesse/NPNG/Enron@ENRON

Subject: Re: Mavrix

First, Mavrix is a subsidiary of what company?     I don't believe I have
seen that anywhere, but had heard that it was TW.   If it is not a subsidiary
of NNG why would NNG issue a guaranty for Mavrix?     I can have the
guarantee priced and then Mavrix can pay to have someone guarantee it's
positions.     This is not rocket science, but I believe we need to make an
effort to keep things looking like they are at arms length and that this is a
separate company.     If you all agree, let me know and I can have someone
get with Steve Harris and get the guaranty priced.

For Jerry and John:   Let me know but I think we can get this priced down
here inside the day.     Let me know how you want to proceed.

Drew Fossum
01/30/2001 06:01 PM
To: Susan Scott/ET&S/Enron@ENRON
cc: Mary Kay Miller/ET&S/Enron@ENRON, Steven Harris/ET&S/Enron@ENRON, Rod
Hayslett/FGT/Enron@ENRON, Tracy Geaccone/GPGFIN/Enron@ENRON

Subject: Re: Mavrix

I guess you wouldn't want to use any of the joint venture entities to issue
the guarantee because of the complexities of their ownership structures.  You
also wouldn't want to go outside of ETS because of marketing affiliate
issues.  By process of elimination, I guess I'm OK with NN issuing the
guarantee.  In my view, if Mavrix' commercial strategies are unsuccessful and
Northern has to perform on the guarantee, good luck recovering any of those
dollars in Northern's next rate case.  Thanks.  DF

Susan Scott
01/30/2001 02:27 PM
To: Drew Fossum@ENRON, Mary Kay Miller/ET&S/Enron@ENRON, Steven
Harris/ET&S/Enron@ENRON, Rod Hayslett/FGT/Enron@ENRON, Tracy
Geaccone/GPGFIN/Enron@ENRON
cc:

Subject: Mavrix

Mavrix Transportation Trading Corp., which is a subsidiary of ETS, needs to
satisfy TW's creditworthiness requirements in order to enter into a
transportation agreement with TW.  Paul Cherry has suggested that Northern
Natural Gas issue a guarantee.  Please let me know whether you think this
would be acceptable.  If Mavrix wanted to hold NNG capacity, TW could issue
the guarantee.


Gordon,

It was a  pleasure talking to you.
I shall ask my assistant to send you the reprint.

Vince Kaminski

Shirley, Can you, please, send a copy of the paper on credit risk management
(reprint from the  RISK book).

Gordon Rausser <rausser@nature.berkeley.edu> on 04/26/2000 12:02:02 PM
To: vkamins@enron.com
cc:
Subject:

Vince:

Thank you very much for the useful information you provided me today.

As you suggested, I wish to request a copy of the reprint that was
published last year in Risk.

Gordon Rausser
Robert Gordon Sproul Distinguished Professor
Dean, College of Natural Resources
University of California
101 Giannini Hall, MC 3100
Berkeley, CA 94720
Phone: 510-642-7171
Fax: 510-642-4612

>http://www.cnr.berkeley.edu/index.php3?db=dean_rausser


Thank you for your prompt reply. I have taken the time to listen to all of
your concerns and have responded below appropriately.

Question 1: my "need" would more appropriately be characterized as a
"desire" (something that, according to my buddhism class yesterday, would be
beneficial to give up if I want to achieve true happiness). The desire,
however, is related to the possibility of spending a fair amount of time in
diving locations during my honeymoon. Due to the limited amount of vacation
time I am alotted from my employer, I am going to find it necessary to
forego all vacation opportunities for the next 10 months (other than this
week between Christmas and New Years) and hence find it necessary to use the
specified time to obtain the coveted certification. No, I am not interested
in getting certified in Monterey Bay.

Question 2: As far as I know the weather is quite pleasant year round. I
know the place we intend to go is on an island off the eastern coast of
Honduras. I hope to provide you with a more deailed answer after consulting
reliable travel guides and weather almanacs.

Question 3: The diving is supposed to be quite "killer" (as you put it). I
have a direct recommendation from my travel obsessed friend, jessica, who
just got certified there a couple months ago and has provided me with both
information and endorsements. Yes, Belizeis supposed to be very good also,
but the island we would be going to is practcally in Belize. Please refer to
a map of Honduras (which shall be provided at a later date).

I apprecieate your questions and coments and await your reply.

Sincerely,

Cameron

--------------------------
Sent from my BlackBerry Wireless Handheld

-----Original Message-----
From: Dasovich, Jeff <Jeff.Dasovich@ENRON.com>
To: Cameron Sellers <cameron@perfect.com>; PP <psellers@pacbell.net>
Sent: Wed Oct 17 17:30:02 2001
Subject: RE: honduras

Interesting.

Question 1: Please explain the following line from your note: "I really
need to get certified for diving."

Question 2: How hot is it down there?

Question 3: Cheap is good, but if you're going to travel that far to
dive, is the diving good there, or is there another place (like Beliz)
where the diving is supposed to be killer?

-----Original Message-----
From: Cameron Sellers [mailto:cameron@perfect.com]
Sent: Wednesday, October 17, 2001 7:24 PM
To: Dasovich, Jeff; 'PP'
Subject: honduras

I asked PP if she was interested in going to Honduras between xmas and
new
years this year.  I really need to get certified for diving and the
diving
there is extremely cheap, but reliable (its an American outfit and all
PADI).  PP thought she might be interested in going and doing it with
me.
So, first I wanted to know what you thought of the whole thing.  Then,
if
you are into it at all I will look into flight opportunities (staying
down
there and the scuba course and single dives are all very cheap, but the
flight would be the most expensive).  And, last, do you have miles on
continental and are they miles that PP can take advantage of also?  I
think
Continental goes to San Salvador which is a common connecting city.  So,
you
might luck out on flight costs and the whole trip would not be too bad.
What do you think?

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)

**********************************************************************
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.
**********************************************************************


Another "data" slide on balkanization.  FYI..  I'll include it in the slides
I'm working on.
---------------------- Forwarded by Paul Kaufman/PDX/ECT on 04/05/2001 10:25
AM ---------------------------

Alan Comnes
03/29/2001 06:15 PM
To: Jeff Dasovich/NA/Enron@Enron, James D Steffes/NA/Enron@Enron, Steve
Walton/HOU/ECT@ECT, Paul Kaufman/PDX/ECT@ECT
cc:
Subject: Interconnection benefits

I think I have the basic data to do an estimate of interconnection benefits.
Flow data is summarized in the attached chart.

It'll take a day or so of someone's time to crank out the benefit
calculation.  It's a little tricky lining up the gas and power data.

Jim is there an access/excel jockey I could tap for such help?  Otherwise I'm
going to plea for some external help.


FYI.

TJ and Claudette--Please forward to your groups.  Thanks.
-----Original Message-----
From: Rodriquez, Andy
Sent: Thursday, October 18, 2001 4:46 PM

Standardizing Markets, Business, and Other Practices <?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" />

Panelists for this discussion were:  Sarah Barpoulis, PG&E National Energy Group; William P. Boswell, GISB; Bill Burkes (substituting for David J. Christiano), City Utilities of Springfield, Missouri; David N. Cook, NERC General Counsel; Michael Kormos PJM Interconnection; LeRoy Koppendrayer, Minnesota Public Utilities Commission; and Marty Mennes, Florida Power & Light Company.

 General Observations

 The Commissioners were all present the majority of the time (Massey left late in the  afternoon).  FERC Staff was active in the discussion; however, the commissioners were very active as well, asking perhaps as much as 70% of all questions.  There was a general consensus that standards were needed; much discussion focused simply on how much and by who. The Commission seemed very interested in leaning what they needed to do to move the industry forward and how far they needed to go.  Panelists urged the need to mover forward as quickly as possible, but both they and FERC seemed to recognize that some of the issues regarding standardized market design and such needed to be addressed before RTOs could really begin to move forward.  There was discussion on identifying which industry group (NERC or GISB) would take the reins in the future.  On an interesting tangential note, there was noticeable conflict between NERC and GISB, with veiled insults between the two organizations somewhat common during the discussions.

 FERC Deliverables

A great deal of the discussions focused on identifying what the industry needed from the Commission.  Staffers probed all panelists to find what they felt was critical.

The first major topic was "How many RTOs?  What is their scope?"  All panelists seemed to agree that this question needed to be answered immediately by FERC, in strong definitive language.  N o one offered any specific language, but seemed to be urging FERC to issue a formal statement.

The next topic was, "What will be standard market design?"  Panelists varied on this, but most felt strong guidance from FERC is urgent.  Some urged for one mandatory design for North America, one supported a set of rigid standard designs, one supported a single design with requests for exceptions (followed by an in-depth review process), and one seemed to prefer the current situation.

The commission in general seemed to be very interested in understanding what the industry needed to move forward.  They continually visited this topic throughout their discussions, asking questions like, "Do we need to issue a Mega-Order that addresses all these issues?" and, "How much detail do you need us to provide?"   General feel from the panelsists seemed to be they wanted strong leadership in this areas.  Kormos and Burkes went so far as to say FERC should "Mandate as much as they felt comfortable - and then go a little further."  Others seemed to be a little worried about this idea, but in general did not oppose the concept, citing only general warnings and the need for cautious investigation.

One item of interest: Wood referred to the filing made by the Electronic Scheduling Collaborative and specifically asked if the items identified in the "RTO Design and RTO Implementation" section would address many of the questions and uncertainty facing the industry with regard to RTO design.  Kormos indicated that clear and specific answers to these questions specifying a course of action would go a long way toward guiding the industry.  The section to which Wood referred was one that I wrote, and asked the following questions:

?         Congestion Management - When Operational Security Violations occur, how is the system to be stabilized in a fair and equitable manner that is nonetheless efficient?  Will LMP based systems be standard, or will there be others that must be accommodated?

?         Transmission Service  - Are transmission services required to schedule ("covered" schedules only), or are they risk management tools protecting from congestion charges (both "covered" and "uncovered" schedules are allowed)?

?         Loop Flows  - Are contract-path based or flow-based transmission services appropriate?  If contract-path based, how are parallel path issues to be addressed?

?         Grandfathered Transmission Service - Should contracts existing prior to RTO development be transferred, or is there an equitable way to retire those contracts?  Are there other solutions?

?         Energy Imbalance Markets - How are imbalance markets to function? Will they serve as real-time energy markets (support unbalanced schedules), be limited to supplying needs of imbalance service (require balanced schedules), or will they be required at all?

?         Ancillary Services - Will ancillary service markets be developed in standard ways?  Will entities be required to actually schedule ancillary services (required to schedule), or will they be treated primarily as financial instruments (protecting against real-time POLR charges)?

?         Losses - Can we utilize the imbalance markets to support losses?  Can we create specific loss standards that facilitate the scheduling process, or must we support methods that are currently in tariffs, but technically unwieldy?

?         Non-Jurisdictionals - How are non-jurisdictionals to be integrated into the new world?  Should systems be designed with the assumption that non-jurisdictional will be part of an RTO?  Or should they be designed to treat each NJE as a separate entity?

Hopefully, FERC will use this section as a template to answer these critical questions in an assertive manner, and give some solid direction in which to move. Kormos emphasized the need for concrete answers to these questions, pointing out that vague answers (i.e., "do congestion management") will take a year or two to resolve, but specific answers (i.e., "LMP with financial hedging instruments") will take only months.  The Commission asked Mike about moving forward, and he told them that effectively, it was impossible to move forward with implementation without getting these issues addressed.

Now for a  funny point - One of the commissioners (I think Breathitt) referred to some concerns expressed in the Northwest that their high concentration of hydro power makes LMP inefficient for the Northwest.  Kormos flat out said, "My profession is understanding how power systems work, and I don't believe that that statement is true."  He then backpedaled a bit and said that it would need more study, but he stood by his statement that the assertion by the Northwest interests was false.

NERC and GISB

A great deal of discussion focused around the need for a single standard-setting organization.  Massey went so far as to ask, "Are we looking at a beauty contest between NERC and GISB?"  Cook and Boswell then went into several short polite jabs at each other's organizations.  Other participants continually reiterated the need for ONE, INDEPENDENT organization.  Interestingly, Boswell was very emphatic about the established trust and respect in GISB, while Cook preferred to only talk about the "new" structure of NERC and did not focus on its history.

Brownell offered some not-too-subtle passive support of GISB by pointedly asking both Cook and Boswell if they lobbied political positions (i.e., were they not only an organization but also a stakeholder?).  GISB was easily able to say they were not, but NERC of course had to admit to their romancing of Congress and the Bush administration for reliability legislation. Point, Brownell.

Mennes acted as somewhat of a supporter for NERC, playing Dave Cook's yes-man.  He probably did them a little bit of harm by pointing to NERC's supposed "successes," such as TLR and E-Tag.  If staffers have tenure, they will likely remember that these "successes" have not been so successful, resulting in several filings and interventions.  We may also wish to file comments in specific objection to these claims, to refresh their memory and to show the pretty picture Marty painted was in fact a fiction.

There was a little discussion about splitting reliability and market issues, but general consensus was that I could not be done.  There was also some talk of folding NERC under GISB/EISB.

The arguments began winding down after a some time, and Boswell strongly urged the Commission to speak to industry executives and advocacy group leadership to see whether NERC or GISB should lead the industry forward.  NERC somewhat less enthusiastically supported this position.  In general, I would say it was a close fight but GISB came out more on top.

Let me know if you have any questions.

Andy Rodriquez
Regulatory Affairs - Enron Corp.
andy.rodriquez@enron.com
713-345-3771


Clement, Enron Corp. currently has an executed guaranty for up to $12 mil
which guaranties Bridgeline Gas Marketing LLC deals with Superior Natural Gas
Corporation.  ENA owns 40% of Bridgeline.  The guaranty severally obligates
Enron Corp. for 40% of the $12 mil and Texaco Inc. for the other 60%.  The
attached amendment increases the guaranty amount to $25 mil per Superior's
request.  Please review and if acceptable obtain execution by Enron Corp.
Please call me at x-33512 with any questions.

Brant,  This form will probably work for the Texaco guaranty also.  I don't
have a copy of the Texaco guaranty though and I need to review it to make
sure it is identical to the Enron form.  Can you obtain a copy for me?


Upon receipt of conformed filed copy, please forward to Marie Heard so she may then place in our files.  Thank you.

Cordially,
Mary Cook
Enron North America Corp.
1400 Smith, 38th Floor, Legal
Houston, Texas 77002-7361
(713) 345-7732
(713) 646-3393 (fax)
mary.cook@enron.com


Amanda,

Yes, it appears that the link you set up works properly, however, I have a
slight change.  Please modify the title to read "WSCC Plant Outages
(portlant)".  Also add the WSCC to the description.  In addition, please add
an additional link under the Power tab called, "Cal Plant Outages (Cal ISO)",
with a description of "Daily plant outages posted on the web by the
California ISO."  The file will be called "ISO curtailments.xls".  Thanks.

Mat


Thought you both would appreciate this one- with both of your "women drivers"
comments all the time.
---------------------- Forwarded by Shanna Husser/HOU/EES on 11/06/2000 08:37
AM ---------------------------

Jason Sharp@ECT
11/02/2000 10:08 AM
To: Chris Ochoa/NA/Enron@Enron, Leon Branom/Corp/Enron@ENRON, Michelle
LeBlanc/Corp/Enron@ENRON, Shanna Husser/HOU/EES@EES, Kathy
Fink/Corp/Enron@ENRON, Bonne Castellano/HR/Corp/Enron@ENRON, Obed De La
Cruz/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Joey Esperance/LON/ECT@ECT, Emily
Allwardt/LON/ECT@ECT, Dara M Flinn/HOU/EES@EES, Sonia Balboa/NA/Enron@Enron,
todd.wolf@luminant.com, scott.hanagriff@luminant.com
cc:
Subject:

?????????
 - wdrivers.JPG


yes sweetie.    i'll get to see you    ; - )

 -----Original Message-----
From: 	Griffith, John
Sent:	Tuesday, October 23, 2001 4:10 PM
To:	Villarreal, Alexandra
Subject:	RE:

Sure, that is no problem.  Are you sure you can do it?

 -----Original Message-----
From: 	Villarreal, Alexandra
Sent:	Tuesday, October 23, 2001 3:59 PM
To:	Griffith, John
Subject:	RE:

if we leave at 5 i can take you.  is that cool?

 -----Original Message-----
From: 	Griffith, John
Sent:	Tuesday, October 23, 2001 3:58 PM
To:	Villarreal, Alexandra
Subject:

Are you going to look at the apt?

I am going to try to leave around 5pm.  Just let me know if you can't take me, I understand.


Attached is the Structured Note I received from Spring Hollis' office.

-----Original Message-----
From: Betty.Cantwell@weil.com [mailto:Betty.Cantwell@weil.com]
Sent: Wednesday, November 29, 2000 4:14 PM
To: scano@velaw.com
Cc: Betty.Cantwell@weil.com
Subject: Document from Spring Hollis

**********NOTE**********
The information contained in this email message is intended only
for use of the individual or entity named above.  If the reader
of this message is not the intended recipient, or the employee or
agent responsible to deliver it to the intended recipient, you
are hereby notified that any dissemination, distribution or
copying of this communication is strictly prohibited.  If you
have received this communication in error, please immediately
notify us by telephone (212-310-8000), and destroy the original
message. Thank you.

(PROMISSORY NOTE) (See attached file: j#2j07!.DOC)
          ++++++CONFIDENTIALITY NOTICE+++++
The information in this email may be confidential and/or privileged.  This
email is intended to be reviewed by only the individual or organization
named above.  If you are not the intended recipient or an authorized
representative of the intended recipient, you are hereby notified that any
review, dissemination or copying of this email and its attachments, if any,
or the information contained herein is prohibited.  If you have received
this email in error, please immediately notify the sender by return email
and delete this email from your system.  Thank You

 - j#2j07!.DOC


----- Forwarded by Tana Jones/HOU/ECT on 09/28/2000 03:22 PM -----

	carrd2@tdcibg.com
	09/28/2000 01:04 PM

		 To: Tana.Jones@enron.com, Sara.Shackleton@enron.com
		 cc:
		 Subject: Prepay

Alberta law is OK.

---------------------- Forwarded by Dan Carr/CIBG/TDBANK on 09/28/2000 02:08
PM
---------------------------

Dan Carr
09/28/2000 01:48 PM

To:   Tana.Jones@enron.com, Sara.Shackleton@enron.com
cc:
Subject:  Prepay

Attached please find the revised draft Schedule.

(See attached file: Enroncan.doc)

Regards,
Dan Carr

 - Enroncan.doc


Who did this deal?


USA: UPDATE 1-Enron third-quarter earnings rise.
Reuters English News Service, 10/16/01
Enron Has Loss of 84 Cents a Share in Third Quarter (Update2)
Bloomberg, 10/16/01

OUTLOOK Enron Q3 EPS 43 cents vs 34
AFX News, 10/16/01

Reliant Hires Merrill to Find Buyer for Dutch Power Producer
Bloomberg, 10/16/01

India: IDBI signals SOS for Rs 3,000-cr equity
Business Line (The Hindu), 10/16/01
INDIA: Tata Power Q2 net up 74 pct, beats f'cast.
Reuters English News Service, 10/16/01

USA: UPDATE 1-Enron third-quarter earnings rise.

10/16/2001
Reuters English News Service
(C) Reuters Limited 2001.

HOUSTON, Oct 16 (Reuters) - Energy trading giant Enron Corp. said on Tuesday its third-quarter earnings rose as its core wholesale marketing and trading division delivered strong returns.
The company said earnings rose to $393 million, or 43 cents per share, from $292 million, or 34 cents per share, a year earlier. The company reported a share loss of 84 cents after $1.01 billion of nonrecurring charges.
"After a thorough review of our businesses, we have decided to take these charges to clear away issues that have clouded the performance and earnings potential of our core energybusinesses," said Kenneth Lay, Enron chairman and chif executive officer.
Enron's non-recurring charges included $287 million related to the write-down of its troubled water venture, Azurix, as well as $544 million writedown related to various investments including its retail electricity provider New Power Co. and $180 million related to restructuring of its broadband operations.
Analysts polled by Thomson Financial/First Call had expected earnings of 42 cents to 45 cents per share, with a mean estimate of 43 cents.
The results met expectations for a rocky quarter that included the surprise departure of President and Chief Executive Jeff Skilling in August, after just six months at the helm.
Enron shares closed on Monday at $33.17, down $2.64 or 7.3 percent on the New York Stock Exchange. So far this year, the stock has fallen some 60 percent, far worse than the 25 percent loss of the Standard & Poor's utilities index .

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

Enron Has Loss of 84 Cents a Share in Third Quarter (Update2)
2001-10-16 07:45 (New York)

Enron Has Loss of 84 Cents a Share in Third Quarter (Update2)

     (Adds profit excluding charges in fourth paragraph.)

     Houston, Oct. 16 (Bloomberg) -- Enron Corp., the largest
energy trader, said it had a third-quarter loss after taking
$1.01 billion in charges for restructuring, investment losses, and
the planned sale of a water business.

     The loss was $618 million, or 84 cents a share after
preferred-dividend payments, Houston-based Enron said in a
statement. A year earlier, Enron had net income of $292 million,
or 34 cents. Revenue rose 59 percent to $47.6 billion from
$30 billion.

     The charges totaled $1.11 a share. They included $287 million
for asset impairments by water company Azurix Corp., $180 million
to restructure the company's unit that trades fiber-optic
bandwidth and $544 million for losses on investments including New
Power Co., a retail energy-sales venture.

     Excluding the charges, Enron said it would have earned
$393 million, or 43 cents a share. That matched the average
estimate of analysts surveyed by Thomson Financial/First Call.

     Enron said it still expects to earn 45 cents a share in the
fourth quarter, $1.80 for the full year and $2.15 in 2002.

     (Enron will hold a conference call to discuss third-quarter
earnings at 10 a.m. New York time. Log on at http://www.enron.com
and follow the directions to the ``Investors'' section.)

OUTLOOK Enron Q3 EPS 43 cents vs 34

10/16/2001
AFX News
(c) 2001 by AFP-Extel News Ltd

NEW YORK (AFX) - Enron Corp is expected to report later today third-quarter earnings per share of 43 cents, compared with 34 cents a year earlier, according to the First Call/Thomson Financial consensus of 17 brokers.
The integrated energy company is expected to meet near-consensus results driven by its wholesale services division, analysts said.
Montgomery Securities analyst Daniel Tulis is calculating third-quarter EPS of 42 cents, 1 cent below consensus.
Full-year EPS stands at 1.85.
Enron's third quarter was marked by the unexpected departure of chief executive Jeff Skilling, for personal reasons, with Chairman Ken Lay reassuming the key position.
Lay is likely to remain in the position until it is filled within 12-18 months, Tulis said.
The company remains embroiled in arbitration proceedings in India after its 2.9 bln usd Dabhol power plant in India was closed. The plant's sole client, the Maharashtra State Electricity Board (MSEB), failed - and later refused - to pay bills that now total about 45 mln usd.
blms/gc For more information and to contact AFX: www.afxnews.com and www.afxpress.com

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

Reliant Hires Merrill to Find Buyer for Dutch Power Producer
2001-10-16 05:45 (New York)

Reliant Hires Merrill to Find Buyer for Dutch Power Producer

     Amsterdam, Oct. 16 (Bloomberg) -- Reliant Energy Inc., the
owner of Houston's utility, said it hired Merrill Lynch & Co. to
find a buyer for its Dutch power-generation business, two years
after acquiring the company from the government for $2.3 billion.

     Reliant has already been approached by possible buyers, said
Clyde Moerlie, a spokesman for Reliant Energy Europe. The unit,
which doesn't have any household customers, earned $9 million in
the second quarter compared with $26 million a year earlier.

     The U.S. company may struggle to get the price it paid for
the Utrecht-based unit, formerly known as UNA, analysts said, on
expectations heightened competition will erode profit further and
as utilities increasingly seek customers as well as power plants.

     In the Dutch generation market, ``there aren't many
opportunities, but prices will fall to much lower levels as
growing competition pushes down tariffs,'' said Steven de Proost,
an analyst at Delta Lloyd Securities in Antwerp.

     Houston-based Reliant paid 2.9 times sales for UNA in 1999,
while Electrabel SA, Belgium's dominant power provider, paid 2.7
times sales for Epon, the biggest utility in the Netherlands. E.ON
AG of Germany paid 1.6 times sales the same year for the generator
NV Electriciteitsbedrijf Zuid-Holland, or EZH.

     Reliant joins rivals TXU Corp. and Edison International in
reassessing its European business amid disappointing earnings.
Reliant in July tied the second-quarter profit drop in Europe to
increased competition and falling margins in the Dutch market.

                            Enron Cuts

     Enron Corp. said last week it will cut 10 percent of its
European workforce, while Edison Mission Energy agreed to sell two
U.K. power plants to American Electric Power Co. on Monday.

     The U.S. utility said last month it was considering a sale of
the Dutch business after it was contacted ``by a number of parties
who have expressed an interest'' in its European assets, and as it
reallocates capital to fulfill ``growth objectives.''

     Merrill already advised the Dutch state on the original sale
of UNA to Reliant, the only time a U.S. company has taken control
of a continental European utility. This year, Merrill ranks sixth
in advising on transactions involving a European utilities target,
with $6.9 billion worth of mergers and acquisitions.

     Potential buyers for UNA, which provides about 20 percent of
the Netherlands' electricity, are likely to be companies already
present in the Dutch market, such as Nuon NV, Eneco, or Spain's
Endesa SA, analysts said. UNA may also attract generation
companies including Mirant Corp. and International Power Plc.

     Atlanta-based Mirant and International Power predecessor
National Power Plc both bid for UNA when it was first put up for
sale. Central and Northern Europe are ``areas we're interested
in,'' said Aarti Singhal, an International Power spokeswoman.

     ``We're looking at all options,'' said Fransce Verdeuzeldonk,
a spokeswoman for Nuon, in an interview.

                         Spanish Interest

     Endesa, Spain's largest power producer, agreed to buy Remu
NV, the No. 4 electric utility in the Netherlands, for 1.5 billion
euros last December. The completion of the transaction has been
held up by the Dutch government, which wants at least 51 percent
of utility company shares to remain in the hands of public
authorities until at least 2004.

     An Endesa spokeswoman declined to comment on whether the
company would be interested in UNA. Endesa said in July its
purchase of an Italian generator was enough to meet its goal of
having 8,000 megawatts of capacity in Europe outside Spain.

     Based in Utrecht in central Netherlands, UNA is one of the
four main power generation companies in Holland, operating six
power plants. It had 1998 sales of about $800 million and is one
of the only generation companies in the market up for grabs.

     Germany's E.ON owns EZH, Belgium's Electrabel controls Epon,
while EPZ, another big power producer, is owned by Essent NV.

India: IDBI signals SOS for Rs 3,000-cr equity

10/16/2001
Business Line (The Hindu)
Fin. Times Info Ltd-Asia Africa Intel Wire. Business Line (The Hindu) Copyright (C) 2001 Kasturi & Sons Ltd. All Rights Res'd

NEW DELHI, Oct. 15. INDUSTRIAL Development Bank of India (IDBI), the country's largest development financial institution, appears to be heading for some serious trouble.
A revised set of figures placed by the institution to the Ministry of Finance has indicated a cash requirement of Rs 7,000 crore over the next three years, much of which it is finding difficult to tie up. Besides, it has also placed a request for a Rs 3,000-crore equity infusion from the Government.
The revised financial projections were placed before the Finance Ministry last week by an IDBI team headed by the Chairman, Mr P.P. Vora. The meeting was attended by the Advisor, Ministry of Finance, Dr Rakesh Mohan, the Additional Secretary, Capital Markets Division, Mr S.K.
Purakayastha, and the Deputy Governor, Reserve Bank of India (RBI), Mr G.P. Muniappan.
At a meeting on October 5, IDBI had placed its capital infusion requirement at Rs 2,500 crore and immediate fund requirement at about Rs 5,500 crore.
Officials have been particularly concerned over IDBI's admission that it has been struggling to raise resources from the market due to the rating downgrade in August despite its massive requirements. It has also admitted to the Ministry that it may be heading for losses during the current fiscal. According to sources, the institution has admitted that the losses could spill over to the subsequent year unless assistance comes at an appropriate time.
IDBI has said the capital infusion of Rs 3,000 crore is being sought to write off a portion of the institution's huge portfolio of non-performing assets (NPAs), which at the end of fiscal 2000-01 stood at over Rs 9,000 crore in gross terms.
The institution has argued that only a massive NPA write-off would enable it to get back its rating, thereby allowing it to tie up the funds requirement from the market. IDBI's rating was downgraded by Crisil from AAA to AA+ recently.
IDBI, which was directed by the Government to submit a three-year cash flow statement during the October 5 meeting, has said the additional cash requirement for the three years alone stands at Rs 7,000 crore.
Of the cash requirement, the immediate need includes a Rs 2,200-crore repayment arising out of the institution's decision to exercise the call option on its earlier bonds series. The repayment would be due in March 2002.
Moreover, the institution also wants to keep itself ready in the event that Enron, the promoters of Dabhol Power Company, invokes its guarantee of about Rs 1,800 crore.
Sarbajeet K. Sen

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

INDIA: Tata Power Q2 net up 74 pct, beats f'cast.

10/16/2001
Reuters English News Service
(C) Reuters Limited 2001.

BOMBAY, Oct 16 (Reuters) - Tata Power Company, India's largest private utility, on Tuesday reported net profit for the July-September quarter rose 74 percent over a year earlier, far above analysts' expectations.
The company, which is negotiating to buy Enron Corp's stake in a troubled Indian unit, said net profit rose to 2.42 billion rupees ($50.42 million) from 1.39 billion a year earlier on sales that rose 17.54 percent to 10.99 billion rupees.
The performance was boosted by a profit of 660 million rupees from sale of long term investments in the quarter, against 210 million a year earlier.
A Reuters poll of 14 brokerages released last week forecast net profit for the quarter would drop to a median 1.27 billion rupees from a year earlier, on an 8.45 percent rise in sales to 10.11 billion rupees.
Tata Power generates thermal and hydro-electric power, and distributes electricity across the western state of Maharashtra, including its capital Bombay.
Ahead of the results, its shares closed down 0.62 percent at 96.65 rupees while the Bombay benchmark index ended 0.54 percent higher. (US$1=47.99 Indian rupees).

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


Twanda, please print this out and also print out the consulting services
agreement form for my review with this.  Thanks.  MHC

---------------------- Forwarded by Michelle Cash/HOU/ECT on 02/25/2000 05:12
PM ---------------------------

FMackin@aol.com on 01/24/2000 12:16:23 PM
To: Michelle Cash/HOU/ECT@ECT
cc:
Subject: Agreements with non-employee contractors

Michelle,

While I think that "Enron" discourages entering into agreements for services
directly with non-employee contractors, there are times when a business
decision is made to do so on a very limited basis.  Aside from other legal
issues, one single issue that has received a lot of attention in recent years
is the issue addressed by the Microsoft case involving the question under
what circumstances are individuals designated as independent contractors
entitled to employee benefits provided by  an employer to its employees.

While we have amended the various employee benefit plans to address this
issue, another place where it can be effectively addressed is in the contract
for services.

Recently, I was involved with a project to develop provisions to be included
in such a service agreement with non-employee contractors who will not be
entitled to employee benefits.  I thought you might have an interest in this,
so I have attached the contract provisions that were developed for this
circumstance along with an analysis.

I wonder if there are other attorneys who design and draft such agreements
who would be interested in receiving this information?

Regards,

Pat

 - Benefit Waiver 1.doc


TECHNOLOGY FOR ALL UPDATE FOR OCTOBER, 2000

ENRON ANOUNCES EMPLOYEE PROGRAM
 Computers and Broadband access to be given to Employees
 Employees encouraged to donate Computers to TFA

$45 MILLION SMARTFORCE DONATION TO BE ANNOUNCED NOVEMBER 15
 450,000 online courses over three years
 SmartJobs to be Key Component

AMERICA CONNECTS CONSORTIUM
 TFA Participating as "friend"
 Online Resources to be Shared

BLUECURRENT RELATIONSHIP FINALIZED
 Will manage and deliver Corporate Technology Assets
 Potential is 12 million computers redeployed over five year

LINCT COALITION "LEARN AND EARN" PROGRAM TO EMPOWER

DIGITAL DIVIDENDS CONFERENCE, SEATTLE
         TFA begins discussion with Hewlett Packard
  International Contacts developed

ASIA FOUNDATION RELATIONSHIP BEING DEVELOPED

LAY AND TROTTER ASSIST IN FUNDRAISING EFFORTS
 Houston Foundations Approached First with requests for $5 million
 Corporations and Friends Next
 Capital Infusion required to help TFA build capacity and long term
sustainability

PROGRESS CONTINUES ON IVERCITY DEAL
 Content to be created for TFA's constituents
 Convertible Royalty for TFA

ROSEMARIE FOSTER TO JOIN TFA AS ADMINISTRATIVE ASSISTANT

DISCUSSIONS WITH INTERNET POLICY INSTITUTE

NEW YORK, LOS ANGELES, WASHINGTON DC, SAN DIEGO, ATLANTA

ROAD-SHOW.COM DONATES WEBCAST PRODUCTION
****************************************************
ENRON ANOUNCES EMPLOYEE PROGRAM
On October 5, Enron announced "it will give employees of its wholly owned
subsidiaries a high-speed computer and Internet connection, including
broadband connectivity, for use at home, beginning in 2001.   .......Through
a company-wide computer drive, employees will be able to donate their
existing home computers to Technology For All (www.techforall.org) , a
national program working to bridge the digital divide."   Technology For All
thanks Ken Lay for his leadership in this decision that also helps TFA serve
America's underserved and disadvantaged.
For more information, the full press release is located at
http://www4.enron.com/corp/pr/releases/2000/ene/87-PC-Enron.html .

$45 MILLION SMARTFORCE DONATION TO BE ANNOUNCED NOVEMBER 15
On November 15 TFA and SmartForce
(http://www.smartforce.com/corp/marketing/default.htm ) will post a joint
press release announcing the donation of 450,000 scholarships for SmartForce
eLearning courses to be delivered through the TFA secure website to end
users seeking training with TFA collaborative program partners across the
US.  The 600 online courses available through the program are in English and
Spanish and include everything from computer basics to various levels of
technical certification. This generous gift to TFA will be utilized over a
three year period and has a retail value of approximately $45 million. A key
component of the gift will be the inclusion of a "SmartJobs" section on the
web site that will list companies doing business with SmartForce that have
pledged to interview job applicants who successfully complete training
through a TFA/SmartForce course. Scott Yeager will call Greg Priest, CEO of
Smarforce, on behalf of TFA and thank him for this generous gift toward the
Technology For All initiative.

AMERICA CONNECTS CONSORTIUM
TFA is working with the America Connects Consortium (ACC) to help support
Community Technology Centers across the US. The ACC received recently
received a $2 million Department of Education  grant to support CTC efforts.
The benefits to TFA include program support for existing TFA programs and
the ability to share best practices across the US. The consortium will
assist TFA in its city by city model by helping encourage exisiting
organizations to work together. In addition to sharing TFA online content
TFA will also host online curriculum resources created by the consortium on
the private side of our web site.  The work of the Consortium will begin
with an organizational meeting in Boston, November 15-16.  For more
information read the full release posted on the TFA web site at.
http://www.techforall.org/showdoc.cfm?id=35&ret=new

BLUECURRENT RELATIONSHIP FINALIZED
TFA recently signed a Memorandum of Understanding with Bluecurrent.  Through
the relationship Bluecurrent will assist TFA with the management and
donation of corporate technology assets across the US.  Through the creative
use of donated assets as "currency" the Bluecurrent relationship will save
TFA $13.5 million in projected cash expenses over the next five years to
process and redeploy corporate technology assets donated to TFA.  In
addition, we believe this relationship will dramatically increase the
computers available to TFA and its program partners.  For more information
about Bluecurrent go to http://www.bluecurrent.com .

LINCT COALITION "LEARN AND EARN" PROGRAM TO EMPOWER
One of the beneficiaries of the Bluecurrent relationship will be the ability
of TFA to more quickly rollout the TFA/LINCT coalition "Learn and Earn"
Program. This program will allow disadvantaged persons who participate in
the program to learn how to use a computer and then mentor another person
using the same curriculum. By completing both parts of this cross-age peer
tutoring program, participants will then "earn" a computer to take home,
thus creating new opportunities for education and economic empowerment.
More information about the LINCT coalition "learn and earn" program can be
found at http://www.linct.org/

DIGITAL DIVIDENDS CONFERENCE, SEATTLE
Two weeks ago I attended the Digital Dividends Conference in Seattle.  The
focus of the Conference was "creating digital dividends" and exploreing
innovative approaches to closing the global digital divide.  The conference
was hosted by the World Resources Institute, chaired by William D.
Ruckelshaus, and reviewed business modesl and market development strategies
to close the digital divide.  I made several important connections at the
conference including key personnel with Hewlett Packard.  Carly Fiorina,
HP's CEO, announced a huge global initiative by Hewlett Packard to address
the digital divide in 1000 villages across the world.

ASIA FOUNDATION RELATIONSHIP BEING DEVELOPED
Through the introduction of Enron lobbyist David Merrill, former ambassador
to Bangladesh during the Bush adminstration, TFA met last week with the
President and several staff members of the Asia Foundation. The Asia
Foundation supports economic development and other efforts in Asia and is
funded by private contributions and the US State Department. The Asia
Foundation indicated an interest in working together with TFA in the future
as Enron expands its backbone to Japan and other Asian countries.

LAY AND TROTTER ASSIST IN FUNDRAISING EFFORTS
TFA and its local affiliate Technology For All-Houston are working together
to follow through on grant requests of $5 million over a three year period
from Houston area foundations.  We have had initially o\positive responses
from Houston Endowment and the Brown Foundation as well as several smaller
foundations including the Hamman Foundation and the Sterling Turner
Foundation. We are also preparing requests to Houston area corporations and
friends of TFA that will go out in the next few weeks.  A bridge loan from
the Redstone bank has been secured to get us through the next couple of
months. TFA anticipates a need for $4.5 million in cash over the next twelve
months to help us build capacity and long term sustainability.  With the
creative business relationships being created we expect to be able to insure
sustainability of the organization after the initial capacity is secured.
However, until that time, TFA will be dependent upon the cash and in-kind
contributions of foundations, corporations, its board members and friends.

PROGRESS CONTINUES ON IVERCITY DEAL
The IverCity "deal" is an example of an innovative and creative solution for
long-term sustainability.  Through the co-branding of the TFA/IverCity web
site, we hope to drive web users to IverCity content and thus create the
potential for a IverCity liquidity event that will benefit TFA's long term
capital needs.  Jack Clark has done a superb job creating the draft of the
legal document outlining the deal.  We thank Jack Trotter for his suggestion
to create a convertible royalty rather than just equity by itself.  The
benefit to TFA is the ability for TFA to be compensated by the number of
users we direct to the IverCity content which will be useful to TFA
constituents.

ROSEMARIE FOSTER TO JOIN TFA AS ADMINISTRATIVE ASSISTANT
Effective, November 20, Rosemarie Foster will be joining the TFA staff
fulltime as administrative assistant.  She will begin working some partime
hours this week. Thanks to Jack Trotter and Jack Clark for providing office
space for Rosemarie.  Additional TFA staff are being c\interviewed to assist
with fund-raising, program development, web site development and network
infrastructure support.

DISCUSSIONS WITH INTERNET POLICY INSTITUTE
Justin Cornett represented TFA recently at a "town hall" meeting of the
Internet Policy Institute (IPI) in Austin.  The IPI will be working with TFA
in our Washington DC rollout. We will be meeting with them again next week
in DC. We thank Ken Lay for his initial introductions to the board members
and staff of the IPI.

NEW YORK, LOS ANGELES, WASHINGTON DC, SAN DIEGO, ATLANTA
Through introductions from TFA board members and others we are beginning to
develop key contacts in each of the cities noted above. Board assistance
will be required as we also seek to develop co-branding corporate
relationships.  As per the wishes of the board, we are focused on New York,
Washington DC, and Los Angeles first.  We will keep you posted and request
your assistance as appropriate.

ROAD-SHOW.COM DONATES WEBCAST PRODUCTION
Road-Show.com, an Enron customer, recently donated a webcast for TFA to
utilize on its website.  The url for the site is listed below and will soon
be accessible from TFA's web site as well.
http://webevents.road-show.com/rs_TI/9282000/linkto_fta.htm

Thanks for your support!

Will
---------------------------
Technology For All
"Creating Opportunities Through Access"

Will Reed
109 North Post Oak Lane, Suite 425
Houston, Texas  77024
USA

713.316.5750
Direct 713.316.5761
FAX 713.316.5790
Cell 713.806.1622

TFA Network Operations Center
3403 Marquart
Suite 204
Houston, Texas  77027
713.961.0012
http://www.techforall.org
E-Mail will.reed@techforall.org


---------------------- Forwarded by Eric Bass/HOU/ECT on 09/21/2000 08:15 AM
---------------------------

"Inside UT Football"
<InsideUTFootball@dallasnews.com>@newsletters.dallasnews.com on 09/21/2000
12:15:00 AM
Please respond to "Inside UT Football" <InsideUTFootball@dallasnews.com>
Sent by: newsletters@newsletters.dallasnews.com
To: "Inside UT Football Subscribers"
<InsideUTFootball@newsletters.dallasnews.com>
cc:
Subject: Inside UT Football: September 21, 2000

  [IMAGE]  	  [IMAGE]

	[IMAGE]

	Back to reality

	Sept. 21, 2000

	[IMAGE]Chip Brown, The Dallas Morning News' Texas writer, answers your
questions about what went wrong against Stanford, Coach Mack Brown's response
to the loss, the continuing quarterback controversy, UT players in the NFL
and more. Inside UT Football appears every Thursday.

	E-mail questions to Chip: chipbrown@dallasnews.com

	Listen to Chip Brown talk about the Longhorns on
	dallasnews.com's Colleges site

	CHIP SHOTS

	Every year since 1983, Texas has lost or tied a game in its first four games
of the season. That means UT has had a blemish on its record each of the past
17 years - usually before Texas-OU weekend.

	 Orangebloods spend winter, spring and summer discussing the impact of new
recruits, the prowess of future opponents and the talents of its returning
starters. They spend money on season tickets, airplane tickets and alumni
luncheon tickets. They dream big dreams, and then by October, the high hopes
have usually come crashing down.

	 Only three times since 1983 has Texas opened the season 3-0: 1984, 1985 and
1994. Those starts were then immediately followed by either a tie (1984) or
losses (1985 and 1994). In each of those seasons, Texas ended up with four
losses.

	 In UT's two best seasons since 1983, a 10-2 campaign in 1990 and a 10-2-1
run in 1995, the Longhorns lost their second and third games of the season,
respectively. Before Texas can dream about winning a national title, the
Longhorns have to show they can make it into October without a loss.

	Longhorn Q & A
	 Q: Judging from the Stanford game (as well as the last three games of last
season) it looks like the trend of blitzing the Horns will continue. There is
also no respect for our running game from any team that we face. I think the
best way to end this strategy against us is to become the aggressor on
offense and not sit back passively and react to what the defense is giving
us.

	In order for us to achieve this, I think it starts with us putting our best
athletes on the field on offense. These guys may not be the most experienced
players, but they will gain experience with playing time, and they have the
ability to make a team pay for selling out with the blitz. It's time to start
Roy Williams and B.J. Johnson at receiver (along with Montrell Flowers) and
play a one-back offensive set. Our fullbacks are not a threat offensively and
Hodges Mitchell is not an I-back who is adept at following the fullback
through the hole. Hodges' strength is operating in space and making people
miss in the open field.

	I also think Chris Simms needs to get the bulk of the minutes at quarterback.
Major Applewhite has all the intangibles in the world but Simms could (and
probably does) possess all of the same skills. He just hasn't had the chance
to display them. We desperately need to have all playmakers on the field if
we are going to turn this thing around. If not, I could see this season
slipping to 7-4 real quick. What are your thoughts, Chip?
	 ?? The Jackson residence

	 BROWN:  With any unexpected loss, the tendency is to throw everyone out -
change coaches, players, even the bus driver. You do that and you are telling
this team that you have absolutely no confidence in them. There can't be too
much change at any one time. The big question is how the team responds to
this Stanford loss emotionally. Something tells me if Texas can find some
resolve and perform really well, you'll see some solid performances at all
the positions where problems currently exist. In 1996, Texas was No. 6 and
Notre Dame was No. 9. Texas had the game won in Austin and then lost. UT then
lost three of its next four, which included games against Oklahoma State,
Oklahoma and Colorado - all teams Texas is about to face after this week's
opponent, Houston.

	That was a different coach and different players. But the common thread was
that Texas hit the top 10 and then choked. If Texas is hung over from its
loss to Stanford, trouble could be on the horizon. If Texas can find resolve
to show everyone that Stanford truly was a game in which everything that
could go wrong did, then I think the Longhorns will bounce back and be a hard
team to beat the rest of the way. Tuesday night Mack Brown said the Longhorns
are not a very good football team right now. The challenge has been made to
his team. If they come out and stink against Houston, every position will be
scrutinized, every coach, even the bus driver. There will be enough fire
being thrown in Austin to serve up grilled fajitas for the entire state. But
changes will have to be made constructively and gradually.
	?

	[IMAGE]
	Chris Simms

	Q: What's going on with the quarterbacks?
	?? Mitch Golding

	 BROWN:  As the QBs turn. This week, it appears Chris Simms will start
because he was practicing with the first team on Tuesday. That has been the
trend. Whoever practices with the first team gets the start. Anyway, we'll
see how they respond after the Stanford game. Major Applewhite was erratic in
his play, despite almost leading the Longhorns back from the dead to a
miraculous victory. I'm sticking to my theory that the coaches want to see
what Simms can do against Houston before picking one or the other

	to get solo duty in the Oklahoma and Colorado games.

	Granted, if one struggles along the way, the other will come in. But Mack
Brown said they primarily went with Applewhite against Stanford because of
his experience and the fact that it was the team's first game on the road. He
said they still have all the faith in the world in Simms. It would seem to me
that it takes away the incentive to really take control of the offense, light
it up and get on a roll when you are alternating, but I'll continue to watch
like everyone else.

	I keep trying to remind myself that Brown did this twice at North Carolina
with success. Of course, with those QBs (Oscar Davenport and Chris Keldorf),
Brown had different styles and gained an advantage by forcing the defense to
prepare for Davenport's scrambling and Keldorf's passing. With Simms and
Applewhite you pretty much get the same style. With Keldorf and Davenport,
you also had injuries dictate a few starts.
	?

	 Q: Can you tell us what influenced Mack Brown's decision regarding the
quarterbacks against Stanford?
	?? Nels Marshall

	 BROWN:  Here are Brown's exact words: "Experience. We were in a tight
football game and Major (Applewhite) has been around a long time. I was proud
- even with as poorly as we played offensively in the third quarter - that we
didn't panic. I thought that in the fourth quarter the kids did a great job
of coming back and giving us a chance to win. Sometimes youth doesn't look
like it is trying because they're nervous. Instead, they are trying too hard
and get uptight. Our team tried hard. As negative as people make Saturday
night, it is one of those things that you have to grow from."
	?

	 Q: I'm glad we have two great QBs. My question is, are the receivers having
any problem adjusting to the different spin on the balls coming from a
left-handed or right-handed QB?
	?? Dave Stastny, Austin

	 BROWN:  The receivers say the varying spins are not a factor when catching
the ball. They do, however, say that Chris Simms' ball will come a little
faster and a little harder than Major Applewhite's.
	?

	 Q: The Longhorns are obviously going to play a lot of freshmen this year.
What are the rules on redshirting a player after the season starts? I know
that a player can apply for a redshirt for medical reasons, but can they also
apply for more eligibility or take a redshirt after playing a small amount of
time?
	?? Chad Graham

	 BROWN:  No. Once a freshman plays in a game, even for one play and he does
not suffer a season-ending injury, the chance for a redshirt is out the
window.
	?

	[IMAGE]
	Jermain Anderson

	Q: Have the coaches given any consideration to moving Jermain Anderson back
to linebacker? If I remember correctly, he played LB in high school at Texas
City. He seems to still have good speed, but also a problem putting on the
necessary weight to play defensive end. It just seems like he might be better
suited for the outside linebacker rotation, especially considering the
progress made by young defensive ends like Kalen Thornton, Cole Pittman and
Adam Doiron.
	 ?? Micah Hurt

	 BROWN:  Coaches don't think Anderson has the speed to play linebacker. They
are pleased with the depth at linebacker, as well. They like Anderson's
instincts as a pass rusher. They are still working on his ability to stop the
run.
	?

	 Q: My husband wanted me to write and request that you put the Longhorn
football schedule in your letter each week. My husband, Mark, is a diehard
Texan who was transferred to Oklahoma in 1972. Through thick and thin, he has
remained a loyal Longhorn fan and taken a lot of harassment from the Sooner
fans. Of course, he does his fair share (and probably more) of bragging about
the Longhorns.
	?? Barbara and Mark Harper

	 BROWN:  As far as the schedule, UT's remaining games are:

	Sept. 23 (home) vs. Houston at 6 p.m. on Fox
	Sept. 30 (home) vs. Oklahoma State at 11 a.m. on ABC
	Oct. 7 (in Dallas) vs. Oklahoma, TBA
	Oct. 14 at Colorado, TBA
	Oct. 21 (home) vs. Missouri, TBA
	Oct. 28 (home) vs. Baylor, TBA
	Nov. 4 at Texas Tech, TBA
	Nov. 11 at Kansas, TBA
	Nov. 24 (home) vs. Texas A?at 2:30 p.m. on ABC
	Since you all have access to the Internet, log onto UT's sports Web site
(texassports.com) and learn what radio stations broadcast the game in your
area. And you can read The Dallas Morning News online every day at
dallasnews.com.
	?

	 Q: This may take some research but I was wondering if you could tell me the
number of UT players in the NFL and the status of some recent grads (i.e.
how's Cedric Woodard, Aaron Humphrey, Kwame Cavil). Thanks.

	 BROWN:  The Big 12 office just released a list of former Texas players in
the NFL. However, it includes some players who have been released. For
example, Aaron Humphrey was released after a free-agent tryout with Tampa
Bay. Chris Smith was released after a free-agent tryout with Washington and
Dallas. Jay Humphrey also was released after one year with the Minnesota
Vikings. Kwame Cavil made the Buffalo Bills after going undrafted. Anyway,
here is the list as provided by the Big 12:

	TEXAS (21)
	Ben Adams, OL, Miami
	Taje Allen, DB, St. Louis
	Tony Brackens, DE, Jacksonville
	Blake Brockermeyer, OG, Chicago
	Ricky Brown, RB, Cincinnati
	Chris Carter, DB, New England
	Kwame Cavil, WR, Buffalo
	Phil Dawson, KS, Cleveland
	Shane Dronett, DL, Atlanta
	Priest Holmes, RB, Baltimore
	Aaron Humphrey, DE, Tampa Bay
	Jay Humphrey, OL, Minnesota
	Derek Lewis, TE, St. Louis
	Wane McGarity, WR, Dallas
	Eric Metcalf, WR, Carolina
	Dan Neil, OL, Denver
	Roger Roesler, OL, Cincinnati
	Chris Smith, TE, Dallas
	Winfred Tubbs, LB, San Francisco
	Bryant Westbrook, DB, Detroit
	Ricky Williams, RB, New Orleans
	Cedric Woodard, DL, Baltimore
	?

	[IMAGE]
	Hodges Mitchell

	Q: Don't know whether you can address any or all of these questions in your
column, but I've seen some unflattering trends in Mack Brown's program and
wanted your feedback. Mack Brown is a great recruiter, no argument there.
However, can he motivate? It seems like he can't get the team "up" sometimes
and can't adjust the team's mood during a game.

	About offensive coordinator Greg Davis, I don't know who is responsible for
the offensive line but since it is an offensive group, in more ways than one,
I put it under him. With guys the size that UT has, shouldn't even Hodges
Mitchell be able to run? Who tagged Leonard Davis as a pro? Why does Davis
love Mitchell? Sure, he gained 1,300-plus yards last year, but how many of
those yards were "move

	 the chains" type of runs that allowed UT to hold the ball on the ground and
protect a lead? I thought it was going to be running back by committee but
all we have seen is the coaches continuing the same mistake - abandoning the
run and using the wrong back for the wrong situations.

	Mitchell can run to the outside, but he cannot run through the defensive
tackles. And even if he does get holes, he still will never break through the
linebackers for a TD. Why not put Ivan Williams or Kenny Hayter back there
with Mitchell and go with a two-back, three-wide offense? You don't lose a
receiver as Hodges is a nice, smart receiver.

	Other ramblings: Is Quentin Jammer really a corner? He got beat MANY time
against Stanford. I loved his hitting when he played safety but his injury
may have forever changed his game if he can't play safety and can't keep up
with opponent's wideouts.

	How is the defensive end position shaping up? The defensive tackles were all
over the field against Stanford, but the DEs didn't make much noise. What is
up with the blocked punts? UT should be really, really embarrassed. Does
Stockton take too long? Is he too close to the line? Can the line block? Can
anyone at UT block?

	Does Brown ride the officials who are missing holding calls? Several times
the camera caught clear holds by Stanford's line. Why on earth would you run
up the middle, on your own goal line against two of the best DTs you'll play
against?
	?? Andrew Bowen

	 BROWN:  I think your feelings are shared by many Texas fans who are
incredibly pained, shocked, disappointed, angered and hurt by last Saturday's
events. But in talking to Mack Brown on Tuesday, he said it's fair to beat
the team up for not being able to run the ball. But he said to jump on any
other part of the team is to rip young, inexperienced kids who are still
learning what it takes to compete as a top-ranked team.

	To be fair to Brown, he did say repeatedly that his team was overrated and
needed time to grow into some key positions - receiver, defensive end,
fullback and some positions on the offensive line and at corner. It probably
isn't fair to question whether Mack Brown can motivate because his teams did
beat Nebraska twice, Oklahoma twice and Texas A?once. If a trend develops,
and Texas falls apart the rest of the season, there will be a fair question
about whether Brown did a good enough job of keeping his team's head screwed
on straight. But it's typical after losses to want to shred every part of the
team.

	Brown said before the season that as soon as something went wrong, the
quarterback situation would be blamed. And he was right. The QBs are still
working hard, and look for Simms to start this week against Houston. There's
no question that the O-line is struggling, but so are the backs and so are
the receivers. Brown said only two of the five sacks were the fault of the
line. He said the other three were caused by miscommunication between
Applewhite and the receivers, causing Applewhite to hold the ball too long.

	Mitchell was standing too deep in the backfield against Stanford, so it was
taking him too long to get to the holes. The coaches were not happy about
that. They were yelling at him to move up. He should only be 6 1/2 yards
deep. But he was sometimes at 9 yards. Mitchell also struggled with some
blitz pickup, which is uncharacteristic of him. So look for Victor Ike,
Hayter and possibly Williams to get a little time against Houston.

	Coaches are still high on Jammer. Again, he hasn't played corner much in
games after moving from safety. But coaches are not thinking of moving him.
The defensive end position is a big concern with defensive coordinator Carl
Reese. He is willing to rifle through his whole pile until he finds a couple
who can really play. Cory Redding was better than usual against Stanford. But
that position still needs a lot of work. The blocked punt occurred because
one player, who blocked perfectly on 11 other punts Saturday night, failed to
block a player coming right up the middle, which guarantees doom. That player
has been chewed out every which way.

	As far as the penalties, there were several questionable calls. But Brown,
who did a lot of yelling at officials during the Stanford game, couldn't say
anything about it after the game because he would be fined. Texas can still
have a good season, and perhaps having these problem areas pointed out so
early will help in that direction. We'll see if Texas takes this loss
constructively or destructively.
	?

	 Q: Last year at times I saw blazing speed and ability from Cory Redding. I
know he was considered by many to be the best high school defensive player in
the country in 1998. I've waited all off-season to see him explode against
teams this year. I haven't seen it yet. Maybe this week against Stanford. My
question is, why was he moved from his high school position of linebacker
where he was dominant into the defensive end role where he seems undersized
and average? Is Texas that low on defensive line talent? It seems our
recruiting has been great. Please help me understand. Hook 'em Horns!
	?? Ernie McAnally

	 BROWN:  Redding told me recently that linebacker is still his first love.
But he said coaches came to him last year and said he could get on the field
right away as a defensive end. Coaches also feel that his body (6-5, 260) is
perfect for the DE position. He's tall, athletic, fast and has long arms. In
time, coaches feel Redding will develop into an All-America player. But there
is no question that he has struggled against the run. He made some big plays
against Stanford, recording six tackles, three of them for losses and
blocking an extra point attempt. He is just a sophomore. Over this season and
the next two years, he should only get better.
	?

	 Q: I was watching the regional telecast of the TCU game today and the
announcers  stated that TCU had anted up $90,000 for the Heisman campaign for
LaDainian Tomlinson. How much did UT spend on its campaign for Ricky
Williams' run for the Heisman?

	 BROWN:  Texas didn't spend that much money at all. They produced a few
postcards, a video and a CD-ROM screen saver to send out to the national
media detailing Ricky's accomplishments. But those costs totaled less than
$10,000, according to UT officials.
	?

	 Q: Did any of the freshman who did not play in the Louisiana-Lafayette game
play in the Stanford game? I am watching to see which ones might be
redshirts.
	?? Mike Smith, Houston

	 BROWN:  According to the participation chart provided at the Stanford-Texas
game, Austin Sendlein was the only freshman to play against the Cardinal who
did not play against Louisiana-Lafayette. In addition to Sendlein, here are
the other freshmen who have played so far: WRs Roy Williams, B.J. Johnson and
Sloan Thomas; TE Brock Edwards; DE Kalen Thornton; CB Nathan Vasher; FS
Phillip Geiggar; and DT Stevie Lee.
	?

	 Q: Is it true that in Mack Brown's four or five head coaching stops, his
teams have yet to win a single conference championship? Since UT has lost
four out of its last five games, wouldn't a loss to Houston this week
officially end Mack Brown's honeymoon with the alumni, notwithstanding his
abundant PR program? With Brown about to land his third national Top 5
recruiting class, I believe fans are going to expect more gridiron victories
to go with those recruiting victories.
	?? T. Hough

	 BROWN:  It's true that Brown has yet to win a conference championship in
stints at Appalachian State, Tulane, North Carolina and now Texas. At
Appalachian State, Tulane and UNC, he was taking over absolutely dead
programs. He took Tulane to a bowl, and he had Florida State to deal with in
the Atlantic Coast Conference while at UNC. But he took UNC to six bowl games
in his 10 years at UNC and won four of them.

	A loss to Houston would certainly intensify the frustration of Texas
faithful. But I think anyone who would be looking to put Brown on the hot
seat or rip him if Texas lost to Houston would be overlooking the job he has
done beating Nebraska (twice), Oklahoma (twice) and Texas A?(once) in his
first two seasons here. He has also turned Texas back into a destination
school for top recruits and brought the UT community back together. In
addition to all that, he has done more good for UT out of the limelight than
probably most Texas fans realize.

	Brown is now in the same spotlight as Bobby Bowden, John Cooper, Lloyd Carr,
Steve Spurrier and Phil Fulmer. Any unexpected losses are unforgivable in the
eyes of fans. It may take some time for Brown and his team to adjust to that.
UNC fans were pretty ho-hum about everything the Tar Heels did in football,
even when they won big. Brown wanted to win at a school with huge
expectations. He'll have to adjust now that it appears Texas will be starting
out the next few seasons in the Top 10.
	?

	 Q: Is Lee Jackson out for the Houston game?
	?? Marty Bonner

	 BROWN:  Jackson is out for the Houston game with a hamstring pull suffered
against Stanford. He may also miss the Oklahoma State game. Mack Brown said
this is a bad week to be without Jackson because Houston can throw the ball
really well.
	?

	 Q: Is Ricky Williams' jersey being retired at the Oklahoma State game Sept.
30?
	?? Mark Wilson

	 BROWN:  Yes. Williams' No. 34 will be retired at that game. Williams has
said he will be there because the New Orleans Saints are off that weekend.
Host Communications has also just finished a video biography on Williams that
will be available soon.
	?

	 Q: What did Mack Brown say about the expectations surrounding his team after
the loss to Stanford?
	?? Virginia Blair

	 BROWN:  Again, here are Mack's words: "I said during the pre-season that we
were overrated. I didn't see any reason with the youth, the way we finished
last year and the inexperience across the board that we should have been a
Top 5 football team. One of the great things about Texas is that you receive
a tremendous amount of attention and publicity, but in some cases people want
to push you too fast to get to the top. I think that we were in that position
and expectations got out of hand. I knew that we would have a difficult game
at Stanford and that it would be a tough game to win. I also didn't think
that we deserved to be ranked fifth in the country. Our current rank within
the Top 15 is much more fitting for where we are today."

	 If you received this newsletter from a friend and would like to subscribe,
sign up at:   Newsletter Registration

	To find or change your password, modify your account, or unsubscribe from
this newsletter, go to:   Newsletter Registration

	Questions?    Comments?  Suggestions?

	   (c) Copyright 2000 The Dallas Morning News
		[IMAGE]

			  [IMAGE]
			  [IMAGE]
			  [IMAGE]


FOLLOW ME TO FINANCIAL FREEDOM!!

I Am looking for people with good work ethics and extrordinary desire to earn at least $10,000 per month working from home!

NO SPECIAL SKILLS OR EXPERIENCE REQUIRED. We will give you all the training and personal support you will need to ensure your success!

This LEGITIMATE HOME-BASED INCOME OPPORTUNITY can put you back in control of your time, your finances, and your life!

If you've tried other opportunities in the past that have failed to live up their promises, THIS IS DIFFERENT THEN ANYTHING ELSE YOU'VE SEEN!

THIS IS NOT A GET RICH QUICK SCHEME!

YOUR FINANCIAL PAST DOES NOT HAVE TO BE YOUR FINANCIAL FUTURE!

CALL ONLY IF YOU ARE SERIOUS!

1-800-533-9351 (Free, 2 minute message)

DO NOT RESPOND BY EMAIL AND DON'T GO TO SLEEP WITHOUT LISTENING TO THIS!

" The moment you commit an quit holding back, all sorts of unforseen incidents, meetings and material assistance will
rise up to help you. The simple act of commitment is a powerful magnet for help." - Napoleon Hill

To be REMOVED from this list, simply click reply and submit.


Each of you have heard from either Mitch Taylor or myself regarding our
concerns about the terms of our offers for new analysts.  I am forwarding
this e-mail to each of you as further confirmation of the anecdotal evidence
we have heard concerning how low our offers are as opposed to banks,
consulting firms and even El Paso and Dynegy.  Steve and I have known each
other since our undergraduate days and as you can tell from the attached he
is a great Enron supporter on campus.  For everyone's information we have
made 4 offers to Baylor undergrads and I will be surprised if we get any
acceptances (one of the guys has already accepted with Chase for $20,000 more
than our offer and told me that El Paso and Dynegy are both offering about
$10,000 to $15,000 more than we are, not insignificant to an undergrad).  I
am concerned that if we are low at Baylor (where we have concentrated on
identifying the top 4 or 5 students) that the problem will be pervasive and
our acceptance rate will be very low or only improved by students who didn't
receive other offers (i.e. average performers).

Thanks for your time.

---------------------- Forwarded by Bill W Brown/HOU/ECT on 12/02/2000 10:14
AM ---------------------------

Steve Rich <Steve_Rich@baylor.edu> on 12/01/2000 03:59:11 PM
To: bill.w.brown@enron.com
cc:
Subject:

Hey Bill,

I've been asking around about job offers for some of our top students.  I
haven't talked to everyone who has received Enron offers but I thought you
might want to know that for everyone I've talked to thus far, Enron is the
low offer....sometimes by a large gap.  I know that one person got offered
one and a half times what you offered by another firm (not an investment
banker!).  I have heard through my sources that you were disappointed last
year that no one from Baylor accepted one of your offers.  I am also very
interested in you guys getting some Baylor folks.  I consider Enron to be a
premium place for our folks to go...for several reasons....including the
high praise I hear from my former students who have gone to work there.

The folks I talked to here didn't seem like they even wanted me to mention
this to you....but I wanted to make sure you knew that you were really
underbidding for our folks.

By the way...the 4 offers that Enron made to Baylor people (that I know of)
were all to top quality folks...but I guess you knew that.

Also, I hear you were promoted yet again.  Congratulations.

Steve Rich
Associate Professor of Finance
Baylor University


Please click on the attached icon or the Web address below to go to the most recent OASIS Posting.

If that doesn't work highlight and copy the address below, then paste it into the address line of your Web browser and hit "enter":

Information on BPAT's implementation of tariff terms and conditions and/or transmission marketing policy has been posted to:

http://www.transmission.bpa.gov/oasis/bpat/Reservations/Procedures/OASIS_Reservation_Submittal_Profiling_Requirements_010928.doc

For questions or comments, please contact your Transmission Account Executive.


The request has been completed with all resources requested either completed
or rejected. You can view the details of the  request by clicking
http://itcapps.corp.enron.com/srrs/auth/emailLink.asp?ID=000000000022045&Page=
MyReq.


Hey John & Angie, Have you heard the news from K-Girl?  Probably, but I'm
going to tell you anyway.  We're going to have a wedding July 28th.  K-Girl &
B-Boy will get married in Midland at Centennial Plaza(the most beautiful
water garden) in the AM.  We're pretty excited about the whole thing.
Keran's words to you are, you would make it very special if you
Angie(especially you Angie) & John(of course you John) could be there. It's
going to be a beautiful affair, no problems(everyoune must leave problems at
home or not come) that's the rules.  Southwest is running a special and I
would fly you two out for the day or for however long you wanted to stay.
Check your calendar and if you can it will be WONDERFUL but remember if you
can't we certainly understand and will just have to have another one in
Houston just for you two.
Love you so much!!!!
Mel


thanks, rick buy


Shelley, Dynegy will be here on Monday to meet with the commercial group, and will need the conference room on 42 all day.  I'm looking for a location to have your staff meeting from 11:00 until 12:00 and will let you know if I'm successful.

The group is too large to have this meeting in your office.  Do you have any problem having this meeting off the floor?

Thank you, Ricki


Transwestern's average deliveries to California were 854 MMBtu/d (78%), with San Juan lateral throughput at 844 MMBtu/d.  Total East deliveries averaged 473 MMBtu/d.

El Paso's average deliveries to California were 1783 MMBtu/d (61%):
- PG&ETop, capacity of 1140 MMBtu/d, deliveries of 374 MMBtu/d (33%)
- SoCalEhr, capacity 1250 MMBtu/d, deliveries of 954 MMBtu/d (76%)
- SoCalTop, capacity 540 MMBtu/d, deliveries of 455 MMBtu/d (84%)

Friday's posted Gas Daily prices:
	SoCal gas, large pkgs	  2.345 (+.21)
	PG&E, large pkgs	  2.28 (+.19)
	TW San Juan		  2.20 (+.19)
	TW Permian		  2.225 (+.185)

Enron basis:	n/a


you guys suck


REMEMBER THE USER NOTES ARE ATTACHED TO THE MNA FORM.

If you have any questions, please stop by.

Cordially,
Mary Cook
Enron North America Corp.
1400 Smith, 38th Floor, Legal
Houston, Texas 77002-7361
(713) 345-7732
(713) 646-3393 (fax)
mary.cook@enron.com


---------------------- Forwarded by Chris Meyer/HOU/ECT on 01/16/2001 04:57
PM ---------------------------

Eva Neufeld@ENRON
01/16/2001 04:44 PM
To: Chris Meyer/HOU/ECT@ECT
cc: Richard Shepherd/NPNG/Enron@ENRON
Subject: Bison Precedent Agreement

Chris,
 The Bison Precedent Agreement is attached.


Initial draft for your review and comments.


Dear Martin Cuilla,

We are pleased to inform you that all items for
the following order, #22806 have been shipped as of 11/22/2000.

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

Prints
10 x $0.49
(total 10 prints; $4.90)
Coupon:
(Discount amount: -$4.9)

Subtotal:               $0.00
Shipping & Handling:    $1.99
Sales Tax:              $0.00
-------------------- --------
Total for the order:    $1.99 was charged to your
                              credit card ending in 9575

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

This order was shipped to:

Martin Cuilla
2218 Bellefontaine #B
Houston, TX  77030
United States

via Standard Ground shipping .

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

For questions regarding your order, please contact us at:

ImageStation
550 15th Street, #26
San Francisco, CA  94103
storesupport@zing.com

Don't forget, ImageStation has a great selection of
personalized gifts - from coffee mugs to photo cookies to jewelry.
All you provide is the picture (including logos, kid's artwork,
images from your scanner, or photos) and we'll provide the
technology to make your gift idea a reality.

There are plenty of items that can be personalized for a
birthday, holidays, or just to say "I love you."  We're
open 24 hours a day with delivery options that get your
gift there on time.  To ensure your privacy over the
Internet we always use secure commerce.

All of us at ImageStation sincerely appreciate your
business.  Please visit us again soon at
http://www.imagestation.com


Congrats!.  Will get you involved.  Jeff

	Cheryl Lipshutz
	01/24/2001 05:44 PM

		 To: Jeffrey A Shankman/HOU/ECT@ECT
		 cc:
		 Subject: My son's acceptance into Penn

Jeff,
I met with you in the fall & mentioned that my son had applied early
acceptance to Penn for undergraduate.  In the craze of year end closings, I
neglected to let you know that he got accepted this past December.  He is
very excited & I am excited that the stress level in our house over college
apps is over!!!  In any event, I would like to take as active a role as
possible on the Penn/Wharton recruiting team.  Please let me know how I can
help.  Thanks!


Sarah Pyles

pylessr@texaco.com

Debra Perlingiere
Enron North America Corp.
1400 Smith Street, EB 3885
Houston, Texas 77002
dperlin@enron.com
Phone 713-853-7658
Fax  713-646-3490


Yikes, another message.  Thanks, Kim.

-----Original Message-----
From: richard igho [mailto:drighorich@yahoo.co.uk]
Sent: Monday, August 27, 2001 8:12 AM
To: kwatson@enron.com
Subject: "A POSSIBLE OIL/BUSINESS VENTURE"

Presidential Task Force on Oil
spillage,DepartmentofPetroleum Resources,
Victoria Island,Lagos Nigeria.BUSINESS PROPOSAL
WORTH$31.8 MILLION DOLLARS
STRICTLYCONFIDENTIAL  Dear Sir/Madam,
This proposal is coming to you with the ardent belief
that you will take advantage of our goodwill and out
of our desperation to have a trusted foreign partner
whom we can entrust our funds with for safekeeping.
This is not a fairy tale but for real. I am
Dr.Igho Richard, the secretary to the
PresidentialTaskforce on
Oil spillage in my country. We are the 6th largest
producer of crude oil in the world and more often than
not, we always experience oil spillage in the Niger
Delta region of my country. These spillage causes a
lot of havoc to inhabitants of the community and hence
contracts are awarded especially to foreign firms to
clean and mop up the spilled crude oil from the areas
affected. The spillage sometimes cover several
kilometres and the value of contract also runs into
millions of dollars. Between 1999 to 2000, some
contracts were awarded to a conglomerate of foreign
firms by  my committee. While awarding these
contracts, we have taken time to deliberately over
invoice one of them to the tune of $31.8m ( Thirty
one million, eight hundred thousand dollars)
What we did was to in addition to the original
contract sum, revaluate and approve this amount
separately and it is presently lying idle in a
suspense account with our apex bank here in Nigeria.
This amount by all standard now belongs to us but we
cannot claim it because it has been made to appear in
the ledger as belonging to a foreign contractor. What
we desire at this moment is to have this funds
transferred into a foreign account but being civil
servants who are still in active government service,
we are barred from maintaining bank accounts overseas.
Thus we have decided to solicit your assistance with a
view to going into a joint partnership to get this
fund out from the bank. At this juncture, we want you
to provide us with a bank account where this fund can
be transferred into first and thereafter, we would
come over to your country to take possession of our
share where we hope to invest part in profitable
ventures with you as our adviser. We would like to
inform you that the nature of your business or
profession at this point is immaterial  because in all
over the world, bigger firms after bidding for and
winning some contract especially in a third world
economy like ours, do subcontract part or whole of the
contract to other firms for execution. It could also
be carried out in any capacity as an individual. So,
you or your organization, having the status of a
subcontractor , with proper documentation, can file an
application for the payment of this fund in your name
and into your bank account. We have agreed in
principle to share this fund in these ratio: 74.5%
will be for my colleagues and I, 25% will be given to
you for your assistance and .5% has been earmarked to
take care of any expenses during the course of this
transaction. All modality for the smooth transfer of
this fund has been worked out and it meets all legal
and administrative requirement in Nigeria as
applicable to foreign contractors payment in the past.
If your response is in the affirmative, within a
period of two weeks or 10 working days, this fund
would have been confirmed and transferred into your
account. We have taken the risk aspect of it into
consideration and I want to assure you that it is
actually risk free as the contract will be re-awarded
in your name before the application will be made. We
will follow the procedures systematically with
flawless documentation. This is authentic.
If you feel you will be of assistance and a
beneficiary from this largesse,kindly send a reply to
this mail to that effect and I will oblige you with
more information as to the smooth take off and
conclusion of this once in a
lifetimeopportunity.Thanks.Your sincerely,
Dr.Igho Richard.

____________________________________________________________
Do You Yahoo!?
Get your free @yahoo.co.uk address at http://mail.yahoo.co.uk
or your free @yahoo.ie address at http://mail.yahoo.ie


In order to provide better oversight and control of ENA legal expenditures
on large transactions, please continue to follow the procedures set forth
below for transactions where outside legal fees and expenses are expected to
exceed $25,000.00.  The purpose of these procedures is to (i) improve
communication with counsel (inside and outside) on issues, fees and services
and (ii) send price signals on legal costs (with respect to specific
transactions) on a timely basis to the business units.  Every effort should
be made to continue to provide high quality legal work that has become
standard at ENA.

 1.  A written estimate of proposed fees and expenses and a written
description of the services shall be provided by our outside counsel.  The
responsible business unit and the General Counsel shall review and approve
such written estimate before our outside counsel is directed to provide
substantial professional services.

 2.  Our outside counsel shall be instructed to promptly submit a revised
written estimate if such outside counsel determines that legal fees and
expenses for such transaction will exceed the previous written estimate by
$25,000.00.  Such revised written estimate shall be reviewed and approved by
the responsible business unit and the General Counsel or his/her designee
before our outside counsel is directed to provide substantial additional
professional services.

 3.  In order to accurately track such expenses so that the expenses can be
properly allocated to the various business units, a work order number should
be obtained for each transaction.

 Thank you for your cooperation.  If you have any questions or any other
suggestions for controlling expenses, please call me at extension 36544.


The 2000 Federal Budget was recently announced.  Here are some of the
highlights that you might find interesting:

Stock Options:

The amount of the stock option benefit reported as income is reduced from 3/4
to 2/3 on options exercised after February 27, 2000.  In other words, 33% is
not taxable (was 25%).

Tax Rates:

Basic personal exemption will increase to $7,231 (currently $7,131)
this change will be effective on the July 1-15 pay and will be doubled for
the remainder of 2000

Spousal amount is increasing to $6,140 (currently $6,055)

The new tax rate structure for 2000:

17% of taxable income up to $30,004 (was $29,590)
25% of taxable income between $30,004 and $60,009 (was $29,590 to $59,180)
29% of taxable income in excess of $60,009 (was $59,180)

Limits to Foreign Content Increased:

Despite a "hot tip" that RRSP contribution limits would be raised in this
year's budget, it did not happen.  However, the foreign content limit for
RPPs and RRSPs is increased from 20% to 25% for 2000 and to 30% for 2001.

Call me if you would like any further information.
Janice
ext. 6936


Yeah.  Guess we do have to worry about that.   I was thinking it would apply to our receivable, not the total under collection, but that would not make sense.  Maybe the other idea will work.  It gets difficult to continue to think of ways around some of these problems.  Thanks,
Wanda

 -----Original Message-----
From: 	Dasovich, Jeff
Sent:	Tuesday, October  23, 2001 6:16 PM
To:	Curry, Wanda
Subject:	RE: Total DA Load at 5.7% as of 8/31

Do we run the risk of them saying, Enron, on average your customers represented 5% of the load, therefore you owe us 5% of the undercollection, or $3B * 0.05 = $150M?  That's my biggest concern.  Thoughts?

 -----Original Message-----
From: 	Curry, Wanda
Sent:	Tuesday, October 23, 2001 5:58 PM
To:	Dasovich, Jeff
Subject:	FW: Total DA Load at 5.7% as of 8/31

What do you think about the % of load argument?  This is Sue's e-mail.

Wanda

 -----Original Message-----
From: 	Mara, Susan
Sent:	Monday, October  1, 2001 2:25 PM
To:	Kean, Steven J.; Belden, Tim; Sharp, Vicki; Blachman, Jeremy; Comnes, Alan; Tribolet, Michael; Walsh, Kristin; Delainey, David; Leff, Dan; Frazier, Lamar; Keeney, Kevin; Gahn, Scott; Swain, Steve; Lavorato, John; Kaufman, Paul; Steffes, James D.; Calger, Christopher F.; Mara, Susan; Black, Don; Richter, Jeff; Kitchen, Louise; Dietrich, Janet; Mara, Susan; Robertson, Linda; Kingerski, Harry; Denne, Karen; Palmer, Mark A. (PR); Shapiro, Richard; Curry, Wanda; Mellencamp, Lisa; Higgason, Kelly; Whalley, Greg; Mellencamp, Lisa; Dasovich, Jeff
Subject:	Total DA Load at 5.7% as of 8/31

The new data are out from the CPUC.  Only reported as of 8/31/01.

 << File: DA Load as of 8-31-01.doc >>


Done.

Janie Aguayo
10/18/2000 10:30 AM
To: Robin Rodrigue/HOU/ECT@ECT
cc:
Subject: Rebook # Q44963.1

Hi Robin!

Per Credit, please rebook the above deal # to Duke Energy Trading and
Marketing.

- Janie
Financial Confirmations


Jason,
After our brief discussion last night I think I should discuss a few of the
issues I have with respect to calculating a VaR on the deal that you are
proposing.  The VaR model, as I illustrated, is set up to accept a term
structure of delta positions, prices and vols and it may be difficult to
translate the 'silver mine' position into these inputs.
I do not think that we can simply take the net silver content of the mine and
then make some assumptions about vol and price. The VaR model
also assumes a certain amount of liquidity in the market and a 1 day holding
period.
To do this properly I would need to understand fully how the deal is priced
as these sensitivities are ultimately what will effect the change in MTM
in the future and that is essentially what VaR is supposed to predict.
If you need me to work on this then you need to contact Steve who will help
to prioritise my time. I will also need to consult with Vince Kaminski and
Tanya Tamarachenko in Houston for advice.
RAC will also assist in the process.
Please contact me if you have any further questions,
Kirstee
x34529


1.	Legislative Update - Sandi McCubbin
2.	Update from SCE Court Case - No Immediate Action / Bankruptcy Implications - Mike Smith
3.	EES Petition to Update PX Credit Calculation (to be filed tomorrow)
4.	CERA Study - Update from Margaret Carson
5.	EES Shaped Energy Needs - Next Steps
6.	Enron Legislation Team Report & Issues - Leslie Lawner
7.	Enron Bankruptcy Response - Any Action Items?
8.	Other


Move Request number 4544 has been submitted to the move team for processing.


Please see below.


-----Original Message-----
From: 	Jamie_K_Schnorf@fpl.com@ENRON   On Behalf Of Jamie_K_Schnorf@fpl.com
Sent:	Friday, March 22, 2002 10:25 AM
To:	Art_R_Morris@fpl.com; Spraggins, Gary; Linhart, Joe; Michael_Jessop@fpl.com; Janzen, Randy; Ronald_Scheirer@fpl.com; TransOKnoms@enogex.com
Cc:	Forbish, Sherry; Greaney, Chris
Subject:	Lamar Nominations (Mar 23-25)

weekend again!!

__________________

Attached is the NNG Lamar burn schedule for March 23-25, 2002.  At this
time we plan on 45,000.

Thanks

Jamie Schnorf - FPL
561-625-7032

(See attached file: 0302 Lamar NNG Nomination.xls)
 - 0302 Lamar NNG Nomination.xls


I'm not sure if someone else got to this before I did, but I see the same end
date at the top and bottom of this deal - 6/30/01. Let me know if this needs
to be changed, or if it's not showing up correctly for you.

Thanks,
Kate

Kimberly Hundl@ENRON
01/31/2001 07:33 AM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: City of Shasta Lake Deal #509089

Hi Kate,
Please have a look at the term on this deal.  There is a discrepancy between
the end date at the top of the screen in Deal Entry and the one listed in the
strips at the bottom.  Is the correct end date 6/30 or 6/1?
Thanks!
Kim


I will be out of the office starting  07/12/2000 and will not return until
11/13/2000.

I will respond to your message when I return.


You need to take that draft to bank by tomorrow.  Mom got a voice mail saying
that they will need to reissue the
draft if we all have not signed by tomorrow.

Call if you have questions
713 853 4723
713 365 9035


Bankruptcy in California; Implications for our Growth Energy Names

* We would not sell Energy Merchants/Power Producers on news that PCG
has declared Chapter 11 bankruptcy.
* Ongoing payments in California are being made by the state;
therefore do not anticipate material exposure for ongoing earnings.
* Primary exposure is current receivables: (1) these one-time amounts
are limited (roughly estimate max. of 50% of 2001 earnings); and (2) we
expect that, as trade creditors, they will get high priority in a bankruptcy
proceeding. We think most of these amounts are likely to be recoverable,
although a significant (perhaps several year) delay is possible as these
claimants work their way through the bankruptcy process.
* By our rough estimation, companies with fairly significant one-time
earnings exposure include:  NRG, MIR, DYN, CPN.  Companies with fairly small
exposure include:  ENE, AES, WMB, EPG and DUK.

 <<PCG bankruptcy 4-9-01.pdf>>  <<PCG bankruptcy 4-9-01.doc>>

Raymond C. Niles
Power/Natural Gas Research
Salomon Smith Barney
(212) 816-2807
ray.niles@ssmb.com

s

 - PCG bankruptcy 4-9-01.pdf
 - PCG bankruptcy 4-9-01.doc