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Hi Folks,

First off, congratulations  on a great season.I assume if you,re  still in
the hunt this late in the year, you have to call 2000 a successful
campaign.? Enjoy it.? It,s an intense time and you can,t slack  off now but
it,s also important to enjoy the moment regardless of what happens  in the
next few weeks.? It,s tough  enough just to get to this point.?  Great work!

From my perspective it,s  interesting in that the actual number of folks who
read the material drops way  off this time of year.? But the  other side of
the coin is that the interest level of the ones still reading  shoots through
the roof.? There may  not be as many folks reading as there were in
September, but the ones that are  here are into in a big way!???

I,ll do my dead level best  to keep up my end of the bargain and provide the
best info I can all the way to  the week 17 games.? Lets get at  it.?

Joe

??

Matchups to Avoid and Exploit.?

Passing Game  Matchups.?? Here's how I see the matchups this  week.? Please
note, see the  cheatsheet online (will be available?late Wednesday evening
at?http://www.cheatsheets.net/week14sheet.htm?  ) ?for exactly where I rank
players and to determine who to start.? Just because one matchup may be more
favorable than another, that doesn't necessarily mean I'd start the player
with  the best matchup.? The matchup info  is meant to be just one more tool
in your box when it comes to deciding between  players.??

Note:? I,ve used the player stats sorted by  performance over the last four
weeks extensively in developing these write-ups.  Stats are provided by Mike
Hall,s excellent FLM League Management Software.? http://www.fflm.com/ for
more info.? The Fantasy Points Allowed by Position  numbers are from
ESPN.com.?

?

Here we go:

Locks:? These games heavily favor the Offense

New Orleans Passing Game  vs Bronco Defense???? I stuck my neck out a  bit
last week with QB Aaron Brooks but he came though for me.? This week, he
draws a great matchup with  a Denver defense that,s not been able to stop
anyone through the air.? Over the last four weeks, they rank # 31  in passing
yards allowed per game.?  Denver has averaged giving up 308 yards passing per
game over that  span.? With CB Ray Crockett out with  a torn hamstring, Jimmy
Spencer will fill in for him again this week.? He and Terrell Buckley can
definitely be  beaten. Brooks will focus on WR Joe Horn, his primary weapon
but  Willie Jackson refuses to fade away and is a solid option.? RB Chad
Morton catches the ball  pretty well out of the backfield.?  TE Aaron Glover
still is total non factor for Fantasy  purposes.? I'm doing my best to not
get  carried away with Brooks.? Keep telling yourself the young man has
exactly  2 games of NFL experience.? On the other hand, there comes a time
when you  take a leap and go with what you see with your own eyes.? This guy
isn't  playing like a 2 game rookie and the Denver defense is awful.?

St. Louis Passing Game vs  Carolina Defense?? I want to believe.? I believe
in Kurt  Warner and I believe he,ll get his Rams back on track.? As much as
anything, I believe you,ll  see Marshall Faulk at least see more action than
he saw last  week.? Warner,s an MVP but I think  it,s Faulk that makes this
team go.?  He creates so much havoc with the defense that must either commit
safeties to support the run which then opens the passing game.? If the
defense plays the pass, then  Faulk can kill them with the run or short
passes.? After last week, I,d be shocked if coach  Mike Martz doesn,t get
back to utilizing?his?star RB?more.? Kurt Warner makes his return and I,m
guessing he picks up where he left off.?  That,s not what you,d expect to
happen but Warner,s made a career of  exceeding expectations.? If he,s on
your roster, I think you have to go with him.? Especially against this
defense.? Carolina ranks # 30 in passing yards  allowed per game over the
last four weeks.?  For WRs, it,s always tough to pick.?  Isaac Bruce and
Torry Holt are the sure guys but honestly, Ricky Proehl,s  been on fire
lately.? Az-Zahir Hakim  is always worth a shot too.? Any one  of these guys
can go off.? TE Roland  Williams suffers with so many good receivers but he,s
a decent producer  too.

Atlanta Passing Game vs  Seattle Defense?? This one is a pure matchup play
as  Dan Reeves makes the move for starting?QB Doug Johnson over the  fading
Chris Chandler.? I,m not a  big fan of either but if you find yourself faced
with the prospect of starting a  Falcon QB, this is the week to do it if you,
re ever going to.? The Seahawks defense is less like a hawk  and more like an
albatross around Mike Holmgren,s neck.? They,re awful.? Over the last four
weeks, they rank # 29  in passing yards allowed per game.?  Good luck picking
the WR as Terrance Mathis has been  invisible lately while Shawn Jefferson is
making a  resurgence.? A few weeks ago, it was  Mathis who was hot while
Jefferson faded.?  If you made me pick one, I,d reluctantly go with
Jefferson.? TE Reggie Kelly did  catch 3 passes Sunday but I,m not counting
on him for too  much.

Pittsburgh Passing Game  vs Raider Defense?? Kor-DELL(Kor-DELL(Kor-DELL???
What brought this guy back  to life?? I dunno but you can bet  coach Bill
Cowher is going to do everything he can to keep it rolling.? Kordell Stewart
looks to be  playing with renewed confidence and we all know that so much of
the game at this  level is mental.? No one ever  doubted his physical
skills.? The  obvious spark seems to have been the benching of WR Plaxico
Burress and the inspired play of Hines Ward.? I think it,s ironic that Ward
was very  much a Kordell-like &Slash8 player in college at Georgia.? Bobby
Shaw is getting into the  act and producing from the WR slot and wonders of
wonders, TE Mark  Bruener caught a TD Sunday.? You  know things are changing
when Bruener gets in the endzone.? The Raiders are an extremely good
football team but stopping teams through the air is their Achilles  heel.

Cincinnati Passing Game  vs Cardinal Defense?? Another interesting aspect of
writing this column late in the season is that you can almost guess which
players to talk about as most Fantasy Teams still interested in December are
stocked with the obvious stars.?  QB Scott Mitchell likely doesn,t fall into
that &star8  category and I doubt many folks are faced with the decision to
start him this  week but if he,s your best QB, this might be your lucky
week.? First of all, let,s assume he gets the  knee ready to go.? This early
in the  week, that,s honestly a shaky assumption.?  We,ll know more later.?
But  if he can go, he could do some damage against an awful Cardinal
defense.? WR Peter Warrick could be a  decent play too although Aeneas
Williams is a solid cover guy.? He,s hard to count out though just  because
of his home run ability.?  Funny how I don,t see many people complaining
about his 40 times  now(? RB Corey Dillon is the  only other starter on this
team but we,ll catch up with him in the rushing  Matchups.

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Prime Matchups:? These games favor the  Offense?

Arizona Passing Game vs  Bengal Defense?? Let,s be clear, I,m no Jake
Plummer fan but the truth of the matter is he,s got a pretty decent matchup
this week.? He,s reportedly making  good progress and should start Sunday.?
Partly because, he,s better, partly because Dave Brown was just  awful.?
&Worse than Plummer8 has a  nasty ring to it(? But this Bengal  pass defense
is pretty bad.? Over  the past four weeks, they rank # 26 in passing yards
allowed  per game.? WRs David Boston has the physical  tools to do some
damage and Frank Sanders has the experience to make an  impact.? Remember,
this is the unit  that made Pittsburgh look like the 1999 Rams last week.???

New York Jets Passing  Game vs Colts Defense?? The Jets have been up and down
a  bit but this week they could make some noise against a struggling
Indianapolis  defense.? The pathetic Colt pass  rush only has 4 sacks in the
last 4 games.?  QB Vinny Testeverde had a decent day in their last matchup
with  271 yards and 1 TD.? WR Wayne  Chrebet,s been in a funk lately but in
their week he went off catching 8  passes for 140.? Sure some of it was
late, but garbage stats count too.?  Dedric Ward caught just 54 yards worth
of passes but he scored in  that game.? He,s come on lately  after fading
early. Rookie WR Laveranues Coles will miss another game it  appears. RB
Curtis Martin still is struggling to get 100% healthy  and that will hurt a
little.? TE  Anthony Becht is a bright spot as he,s beginning to contribute.?
December in New York will make a  difference to this soft Colt team which
doesn,t play as well in the  cold.?

Detroit Passing Game vs  Viking Defense?? Charlie Batch continued to  look
good and went a good ways toward erasing some of his (well deserved)
candybone label with a gutsy performance on Thanksgiving.? His ribs are
reportedly better and he  had a nice practice Tuesday throwing the ball.??
The Viking secondary could have  matchup troubles with WRs Johnnie Morton and
Herman Moore.? Over the last four weeks, Minnesota  ranks # 24 in passing
yards allowed  per game.? For the year, they rank # 22 in Fantasy  Points
allowed to opposing QBs.? The  Vikings are tough on TEs ranking # 7 in
Fantasy Points allowed to TEs for the  year but TE David Sloan has played
very well of late.? He ranks # 6 in Fantasy Points among TEs  over the last 3
games and is well worth a start here.

Denver Passing Game vs Saints Defense??  For all the hype generated by New
Orleans, defense, they give up tons of  yards passing.? Over the last four
weeks, they rank # 23 in passing yards allowed  per game.? They do sack the
QB a ton (19 over the  last four weeks) but they still give up the yards. It,
s kind of unusual to see  that. They,ll be facing Gus Frerotte and a Denver
team that,s trying to  find their way.? Frerotte,s been up  and down after
his monster week 12 game.?  The Saints continue to drop like flies and the
loss of CB Fred Weary will  definitely hurt.? Both WRs Rod  Smith and Ed
McCaffrey are solid plays as always.? And as crazy as it sounds, either one
of  the 2 headed TE monster in Dwayne Carswell and Desmond? Clark are decent
options too.? Byron Chamberlain  normally makes it a 3 headed TE monster but
he,s nursing a bad Achilles tendon  and didn,t play last week.? As noted
above, Denver gives up lots of yards through the air so this could be a high
scoring affair.? I doubt you could  have predicted a shootout between Aaron
Brooks and Gus Frerotte 4 months ago but  that,s why they play the games(

?

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Even  Matchups:? These games feature no  real advantage either way?

Chicago Passing Game vs Packer  Defense??  I,m torn  here.? You probably saw
how weak the  Packer defense looked Monday night.?  They couldn,t do much of
anything.?  But on the other hand, the Bears will likely go with Shane
Matthews and  he,s been just awful lately.? Like  worse than Dave Brown kind
of bad.?  One would think he,d improve against this defense but he,ll have to
make  great strides just to get reach &average8. ?Owners of WR Marcus
Robinson feel it too as the big guy has pretty much disappeared lately  with
Matthews at the helm.? Still  though, there,s some hope.? On a  brighter
spot, Matthews does seem comfortable throwing to Eddie  Kennison who had 6
passes thrown to him Sunday compared to Robinson,s  4.? I,ve hear rumors that
Chicago  may start a TE but that news is unconfirmed at this time(? In the
"for  real" rumor department, QB Cade McNown is making noise about  wanting
to start this week but I think it's still a week  early.

New  England Passing Game vs Chief Defense?? Kansas City and New England are
two once proud teams that are struggling.?  This week a banged up Drew
Bledsoefaces a pass  defense that,s been vulnerable.?  Over the last four
weeks, Kansas City ranks # 20  in  passing yards allowed per game.? For the
year,? KC ranks # 24 in Fantasy Points allowed  to opposing QBs. Bledsoe
bruised a knee in Thursday,s game but played through it  and should be ok.?
Keep an eye on  him though as he was added to the injury report this week as
Questionable. As  long as Bledsoe plays, WR Terry  Glennshould be a good
option as he,s clearly the #1 guy in that offense over  Troy  Brown.? TE Rod
Rutledge  caught 4 passes  last week so he may start to make some noise.?
With all those productive years throwing  to Ben Coates, you know Bledsoe
would love to have a solid  TE.

Carolina Passing Game vs Rams  Defense?? Even if you want to pin Carolina,s
Monday Night performance on a weak Green Bay defense, credit still must be
given  to Steve  Beuerleinand the  Panthers.? The immobile Beuerlein  hung in
there and delivered.? He,s  facing a Rams defense that even with Bud Carson,s
help, still ranks # 19  in  passing yards allowed per game.? (Granted, that,s
a big improvement)? Beuerlein,s numbers may be helped by the  return of Ram
QB Kurt Warner as there,s nothing like the other team rolling up  points to
get your QB,s arm loose.?  WR  Muhsin Muhammad had the dominating  game we
all know he can and looked overpowering.? The hamstring injury was supposed
to be  with him all year but he looks good to me.?  Another boost for
Beuerlein will be if WR Donald  Hayescan get back on  the field as early
reports are hoping for.?  Even TE Kris  Mangum(be the one guy  in your league
that doesn,t say &mag-num8 like the gun) has been looking  good.? For the
year, St. Louis ranks  # 28 in Fantasy Points allowed to the TE so he could
be worth a shot.???

Jacksonville Passing Game vs Browns  Defense?? This one really is a case of
misdirection as QB Mark  Brunellisn,t as good as  many people think and the
Browns pass defense isn,t as bad as most people  assume.? Cleveland ranks #
18  in  passing yards allowed per game.? And for the year, they rank # 6 in
Fantasy Points allowed to opposing QBs which really surprises people.? The
reason is that their rush defense is  awful and teams choose to run instead.?
 But all you really care about are the stats.? Brunell should be ok but not
great here  as the Jaguars look to take out a season,s worth of frustrations
on the  Browns.?  Jimmy  Smithand  Keenan  McCardellare solid choices  as
usual.? Even the much maligned  (by me, anyway) rookie R. Jay  Sowardproduced
last  week.? Soward could actually be bad  news for McCardell and Smith as
there were times when Brunell really seemed to  force the ball his way.?  TE
Kyle Bradyis solid.? But honestly, I think this will be the  Fred Taylor on
the ground show against a weak rush  unit.?

Washington Passing Game vs Giant  Defense?? Brad  Johnsonmakes his return
this week taking over for Jeff George.?  It,s interesting to watch how the
Redskins spin this transition.? According to Washington, Johnson  starting
has nothing to do with Jeff George,s less than spectacular play or  record.?
&Johnson was the starter  all along regardless of how George played yada
yada(8? This type of talk makes it easier to  sell the fans Jeff George as
the starting QB next year.? We,ll see.? (for the record, I,m a George fan
and  have been for a while.? Myself and 8  other guys are pretty much it()??
Like most players in this &could go either way8 category, Johnson has  good
and bad points this week.? On  the upside, the Giants defense has shown
itself to be vulnerable to the  pass.? The Redskins also hope to  have RB
Stephen Davisthis week.? His presence does a great deal for the  passing
game.? On the downside,  Johnson will likely be rusty.? He  may still be
feeling some lingering effects of the injury.? Secondly, his best  WR,
Albert Connellmay play but he,s  nowhere near full speed.?  James
Thrashfilled in  admirably for Connell and looks to be a good play this week
as well.? It looks like  Irving  Fryarwill get the  start opposite Thrash.?
The ageless  wonder might do something if Jason Sehorn stays with Thrash as
Dave Thomas is by  far the weaker CB.?  TE  Stephen Alexanderis a steady
performer although FB Larry  Centerssteals too many  of the short passes that
could go to Alexander.?

New  York Giant Passing Game vs Redskin Defense? A good defense takes on a
good passing  offense.? I guess that,s why this  matchup is in this column.?
Over the  last four weeks Washington ranks # 15 in  passing yards allowed per
game.? For the year, they rank # 8 in Fantasy  Points allowed to opposing QBs
so they,re pretty tough.? QB Kerry  Collinshas quietly  played extremely well
over the last month.?  He,s thrown for 822 yards and 6 TDs over the last 3
games.? That puts him at # 6 in Fantasy Points  among QBs over that time
span.?  WR  Amani Toomercontinues to play  great football and is definitely
worth a shot.? Joe  Jureviciusfills in for the  injured Ike Hilliard again
and he,s a solid choice as Collins didn,t hesitate to  throw him the ball
often.?  TE? Pete Mitchell  is tough to depend  on as he gets more catches
but Dan  Campbellgrabs the TDs it  seems.? I,m not too excited about  either
guy.?

San  Diego Passing Game vs 49er Defense?? My Charger buddies have cautioned
me about jumping on the Ryan LeafBandwagon.? That was right after I,d sent a
group  email at halftime of the SD / KC game to some friends boasting about
&my8 QB  Leaf.? Of course, we know the  nd half didn,t go &quite8 as well as
the first and I came back to  reality.? But there,s some truth to  the idea
Leaf is becoming an NFL QB.?  I personally had doubts if we,d ever see it but
I think it,s starting to  happen.? And this week against a San  Francisco
defense, he could make some more strides.? It should be noted, the 49ers are
much  better on pass defense than they had been.?  Over the last four weeks,
they rank # 14 in passing yards allowed per  game which is a huge upgrade
from where they had been.? For the year though, they still rank #  30 in
Fantasy Points allowed to the opposing QB.? Leaf has some extremely solid
receivers.  TE  Freddie Jonesis his best  target but veteran WRs Jeff Graham
and Curtis  Conwayare more than  capable.? You,d think that San  Francisco
will score some points so there could be some fireworks.? I,d shy away from
Leaf but Jones in  particular could be a very nice play.???

San Francisco  Passing Game vs Charger Defense? The Charger defense held
Kansas City  down last week but I think that had more to do with Warren Moon,
s senior citizen  status than it did the Charger D.?  Granted they,re
improving, but I think San Francisco should be able to  move the ball.? Over
the last four  weeks, San Diego ranks # 13 in passing yards allowed per
game.? QB Jeff Garciais coming off a bye week and  should be rested and
prepared.? His  biggest problem will be the toe injury to WR Terrell Owens.?
Owens was unable to complete practice  Monday and it,s now looking like it
could be later this week before he sees the  practice field.? Coach Steve
Mariucci didn,t sound too optimistic.?  Although I can imagine worse
scenarios for a WR than having  Jerry  Riceas your best WR.? Owens will
definitely be missed but  J.J.  Stokesand  Tai  Streetswill fill in just
fine.? There had been some talk from Mariucci  about resting Garcia to see
how the rookie QBs Gio Carmazzi and Tim Rattay would  fare in game
situations.? I think  this is just talk at this point.? I  don,t really see
the Chargers blowing out San Francisco to the point Garcia  could be pulled.?
If Garcia gets San  Francisco such a lead that he could be pulled, he would
have probably earned a  great day of stats by then anyway.?  At least for
this week, I,m thinking he,ll be fine in the playing time  department.?

Minnesota Passing  Game vs Lion Defense? Ok, this is tough matchup for the
Vikings.? Detroit ranks # 6 in passing yards allowed per gameover the last
four  games.? But the Lions are dealing  with several injuries in their
secondary including Safety Ron Rice (leg )  probable) Kurt Schulz
(ankle-doubtful) and nickel back Marquis Walker  (wrist-out)? Still though,
you,re  crazy if you don,t start QB Daunte Culpepperand  WRs Randy  Mossand
Cris  Carter.? They,re just too  good.?

Kansas  City Passing Game vs Patriot Defense?? It,s early to make a call but
it,s  looking like QB Elvis  Grbacwill be back this  week.? That,s great news
for Chief  fans and Fantasy Owners.? The  Patriots rank # 10 in passing yards
allowed per game over the last four weeks  but those numbers are a little
skewed as Detroit, Cincinnati, Cleveland and  Buffalo were the opponents.?
It,s  not like they shut down the Rams or 49ers.?  Grbac will look to get his
# 1 target TE Tony  Gonzalezback on track  after he was shut out by the
Chargers.?  I don,t think you,ll see that again with Grbac under center.? WR
Derrick  Alexanderis an excellent  target too.? Rookie  Sylvester
Morrisseems to be  fading instead of getting better.?  He may be hitting the
infamous &rookie wall8.?

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Downside Matchups:? These games favor the  Defense?

Dallas  Passing Game vs Buccaneer Defense?? Emmitt Smith seems recovered
from  his &knockout slap8 Thursday and says he,ll start.? That,s good news
for all aspects of the  Dallas offense.?  QB  Troy Aikmansquares off  against
a Tampa defense that's bark is worse than its bite.? Over the last four
weeks, they rank # 21  in  passing yards allowed per game.? Although they
have registered 12 sacks  over that span which is towards the top of the
league.? They,re solid though.? WRs Wayne  McGarityand  James  McKnightare
showing  they,re not anything exceptional.?  TE  Jackie Harriswas injured
last  week and David  LaFluerwoke up with a  great game.???

Cleveland Passing Game vs Jaguar  Defense?? One has to ask if anyone really
cares whether QBsDoug  Pedersonor  Spergon  Wynngets the majority  of the
snaps.? I think I can say  fairly confidently that neither of these guys have
been figuring heavily into  your plans.? The Jaguar defense has  improved
significantly of late. ?They rank # 17  in  passing yards allowed per
gameover the last  four weeks and they should be plenty good enough to
contain the Browns.? This team never really had a chance once  Tim Couch and
Errict Rhett went down.?  Kevin  Johnsonand  David  Patten handle the WR
duties but I can,t advocate either with a clear conscience.  TE  AaronShea
will start for  the Browns but probably not for your FF Team.?

Green  Bay Passing Game vs Bear Defense?? It,s hard to know what to think
about Green Bay. One game they look like the Packers of old with Favre
working  his magic and the next, they look like a shell of their former
selves as they  did on Monday Night against a Carolina team that had no
business handling them  as they did.?  Brett  Favreis still a decent  bet to
sling a few TDs on any Sunday but he,s sadly become just an average  Fantasy
QB.? Lately, the Bears have  been tough against the pass ranking # 12 in
passing yards allowed per game over  the last four weeks.? Although for  the
year, they rank # 29 in Fantasy Points allowed to the opposing QB.? Favre
will have the very disappointing  Antonio  Freemanto throw to  although Bill
Schroederis putting up  better numbers the last few weeks.?  He has another
advantage in that while Freeman will likely draw CB Thomas  Smith, Schroeder
likely goes against Jerry Azumah.? Remember Schroeder came up huge in the
week 5 matchup with 2 TDs in the 4th quarter.? For a TE, I,d go with  Bubba
Franksalthough whenever  I say that it seems Tyrone  Daviscatches a  TD(?

Seattle Passing Game vs Falcon  Defense?? This is an interesting game as two
proud coaches in Dan Reeves and Mike Holmgren lead teams that are
floundering.? The one bright spot  for the Falcons is that they,ve yielded
few yards passing although the &glass is  half empty8 crowd will point out
that the reason for that is the weak rush  defense.? Why throw the ball when
you can run on Atlanta?? Regardless  of the reason, teams don,t throw much
against the Falcons and I don,t look for  QB Jon Kitnato  completely break
that trend.? He,ll  be looking to quiet producers Sean Dawkinsand Derrick
Mayes.?  Dawkins in particular has been exceptional over the last few weeks
and is  probably worth a start.????

Indianapolis Passing  Game vs Jets Defense?? I love  Peyton  Manningbut he,s
a guy that doesn,t  always post the Fantasy Football numbers to match his
hype.? He,s a solid producer who,ll very rarely  burn you but he,s also not
too subject to the 400 yard / 4 TD day.? With that said, I think you,ll see
another good, solid day from him against a Jet defense that,s tough.? Over
the last four weeks, New York ranks  # 11 in passing yards allowed per game.?
 For the year, they rank # 7 in Fantasy Points allowed to the opposing  QB.?
Manning will try to jump start  his team that,s floundering a bit.?  They
know they need a win and a team like this can be tough when  &cornered8.? I,m
not heeding the  grumblings about WR  Marvin Harrison. He,s fine.? He caught
2 TDs last week and has stated  he needs to &get on a mission8 although he
needs some help.? Jerome Pathonhad some horrendous drops.? E.G. Greenhopes to
be back this week from  a knee injury and that will be good news.?  Terrence
Wilkins and Pathon just aren,t getting it done.? TEs Marcus Pollardand  Ken
Dilgerboth catch just enough to make  neither guy very valuable.

Oakland Passing Game  vs Steeler Defense?? QB Rich Gannonis garnering lots of
talk about  the league MVP.? Could be.? But  he,s got a tough matchup this
week against a Steeler team playing with  confidence.? Pittsburgh ranks # 8
in  passing yards allowed per game over the last four weeks.? For the season,
they rank # 2 in Fantasy  Points allowed to the opposing QB so that,s
strong.? WRTim Brownis the clear cut target of  choice and that makes things
great for Brown owners.? You know he,ll get his touches.? Andre Risonand
James  Jettwill get the scraps left  over.? TE Ricky Dudleyis a guy who you
play totally  at your own risk.? He,s just as  liable to go catchless as he
is score 2 TDs.???

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Defensive Slam Dunks:? These games heavily favor the  Defense

Miami  Passing Game vs Bills Defense?  Let,s  see(Jay  Fiedlercoming back
from  a shoulder injury, in what will likely be horrible weather conditions,
against  the # 2 ranked defense in passing yards allowed per game over the
last four  weeks.? That,s what you,ve got in  this game and it,s enough to
have me looking elsewhere if I,ve got Dolphin  passing game players.? I,d
start who  ever you did last week if Fiedler is your QB.? If you have to
start a Miami WR, I,d  roll the dice on the unheralded Leslie  Shepherdwho,s
catching  more than anyone thought he would.?  Slim pickings with this
matchup after that.?

Buffalo Passing Game vs Dolphin  Defense?? Let,s  see(Rob  Johnsoncoming back
from  his latest injury, in what will likely be horrible weather conditions,
against  the # 3 ranked defense in passing yards allowed per game over the
last four  weeks.? This sounds familiar(? Seriously, this game ought to be a
defensive struggle as two dominant defenses square off in the snow against
mediocre offenses.? Rob Johnson will  get the start but as usual, won,t
finish the game.? Eric  Mouldswill gather the  majority of catches and is
probably too good not to start just because he,s so  talented and he does
grab the lions share of passes thrown.? TE Jay  Reimersmais fast regaining
his place as one of the best TEs in the game and depending on the weather
here,  he could be the best receiving choice.???

Philadelphia Passing Game vs Titan  Defense?? Understand that this is a bad
matchup for Donovan McNabband the Eagles but so was last week against
Washington.? And all McNabb did was  win Offensive Player of the Week
honors.?  Outside of McNabb and TE Chad Lewis, I can,t recommend any other
players as  starters.? Neither  WRsCharles  Johnsonor Torrance  Smallscare
anyone.? The Titans are an athletic and physical  unit that you,d think would
give McNabb trouble. And truthfully, the Washington  game would have likely
been different if "spy" LaVarr Arrington hadn't been hurt  early.? The lack
of a passing game threat really hurts as Tennessee will  likely be able to
handle the WRs with man coverage and commit more personnel to  the run and
McNabb.? Still, if he,s  by far your best QB, I,d roll the dice with him as
he,s made a season out of  proving people wrong.

Tennessee Passing Game vs Eagle  Defense?? Steve  McNairranks # 23 among QBs
over the last 3 games in Fantasy Points per game.? That,s not real solid.? I
don,t see him suddenly improving his  play against an Eagle defense that
ranks # 5 in passing yards allowed per  game.? And for the year, they rank #
3 in Fantasy Points allowed to the opposing QB.?? The Eagles have 15 sacks
over the  last 4 games and while McNair is tough guy to sack, it,s obvious
the Eagles will  pressure him.? His WR corps in  Derrick Masonand  Chris
Sandersaren,t  the greatest.? As usual, his best  option will be TE Frank
Wycheck.?  Wycheck struggled last week with some uncharacteristic drops, but
this  week he could be an asset as McNair likely won,t have a lot of time to
throw.?

Tampa Bay Passing Game vs Cowboy  Defense?? Who knows where the  Shaun
KingRoller Coaster  Ride will take us this week?? He,s  nursing a back strain
but practiced Wednesday and looks good to go.? The Cowboys surprisingly have
played  decent pass defense ranking # 9 in passing yards allowed per game.?
Of course, that,s largely because no  team feels the need to throw the ball
when they can run at will.? King will spread the ball between  WRs  Keyshawn
Johnsonand  Jacquez  Green.? I,m not especially excited about either  but it,
s very hard to turn your back on Keyshawn.? TE Dave  Mooreis a fine  producer
and I,d feel comfortable starting him.?

?

?

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


Attached please find the memo I promised related to next steps.  Let me know.

JDS


Jean, can you give me an update on Q4 from an earnings point of view ie)
deals and value.

Regards
Delainey


Due to CISO cuts, we have the following length at Palo

he 1-6     4 mw

he 23-24  10 mw

This is lenth from EPE deal # 499974

Thanks,

Cara


Clint see if this seems to match the formula in the contract in your opinion.

 - availgraphs.xls


Transwestern Pipeline Co. posted new notice(s) since our last check at
12/13/2000 3:30:01 PM, the newest notice looks like:

 Capacity Constraint, Dec 13 2000  4:03PM, Dec 14 2000  9:00AM, Dec 15 2000
8:59AM, 2241, Allocation - San Juan Lateral

Please click the following to go to the web site for detail.

http://ios.ets.enron.com/infoPostings/shared/et_noncritical_notice.asp?company
=60


Please change the Capacity price from $1.67 to $1.50.  The new price for
capacity and energy is $5.51 per kw/mo.

Benjamin Rogers
03/09/2000 05:29 PM
To: Edith Cross/HOU/ECT@ECT
cc:
Subject: RPU

Thanks for your help.
---------------------- Forwarded by Benjamin Rogers/HOU/ECT on 03/09/2000
05:28 PM ---------------------------

	From:  Garrett Tripp                           03/09/2000 02:51 PM

To: Benjamin Rogers/HOU/ECT@ECT
cc:
Subject: RPU

The following pricing has been completed for RPU LM6000 deal.

The price for the 6/1/01-9/30/06 term.
$4.01kw-mo Spread Option Value Plus $1.67kw-mo Capacity for  a Total Price of
$5.68

Assumptions:
47 MW year one, 25 MW year two through six at MAPP (curve) ISO
Heat rate 10,200
Max run hours 1400
Summer only deal
VOM $3.02
NG at NNG Ventura with 0.10 summer adder
7x16 product
97% Availability Factor

Yrly Price without capacity


Vince,
     No problem, I know HR can slow the process down.

Marshall Brown
Vice President
Robert Walters Associates
Phone #: 212-704-0596
Fax #:212-704-4312
marshall.brown@robertwalters.com
www.robertwalters.com

> -----Original Message-----
> From: Vince.J.Kaminski@enron.com [SMTP:Vince.J.Kaminski@enron.com]
> Sent: Friday, April 06, 2001 5:50 PM
> To: Marshall.Brown@robertwalters.com
> Cc: Vince.J.Kaminski@enron.com
> Subject: Re: Interviews
>
>
> Marshall,
>
> Sorry for a delay in responding to you.
> My HR people were asked to get in touch with you re
> the candidates.
>
> Vince
>
>
>
>
>
> Marshall Brown <Marshall.Brown@robertwalters.com> on 03/27/2001 02:36:12
> PM
>
> To:   "'Vince Kaminski'" <vkamins@ect.enron.com>
> cc:
> Subject:  Interviews
>
>
> Vince,
>      I had two candidates speak with Zamin Lu on 3/14/01 and 3/16/01.
> (Renshi Zhang and Bill Koures respectively).  I know you were in London
> last
> week.  If you could please give me some feedback (either positive or
> negative) as soon as possible, I would appreciate it.
> Regards,
>
> Marshall Brown
> Vice President
> Robert Walters Associates
> Phone: 212-704-0596
> Fax: 212-704-4312
> marshall.brown@robertwalters.com
>
>
>
> **********************************************************************
> CAUTION: Electronic mail sent through the Internet is not secure and could
> be intercepted by a third party.
>
> This email and any files transmitted with it are confidential and
> intended solely for the use of the individual or entity to whom they
> are addressed. If you have received this email in error please notify
> the system manager.
>
> This footnote also confirms that this email message has been swept by
> MIMEsweeper for the presence of computer viruses.
>
> **********************************************************************
>
>
>


The report named: VaR and Peak Position Report By Trader <http://erv.corp.enron.com/linkFromExcel.asp?report_cd=22&report_name=VaR+and+Peak+Position+Report+By+Trader&category_cd=5&category_name=EAST&toc_hide=1&sTV1=5&TV1Exp=Y&current_efct_date=10/23/2001>, published as of 10/23/2001 is now available for viewing on the website.

(Revision: 2)


---------------------- Forwarded by Darron C Giron/HOU/ECT on 12/18/2000
11:07 AM ---------------------------

"Brent Wallace" <bwallace@zahrsecurities.com> on 12/18/2000 11:01:25 AM
Please respond to <BWallace@zahrsecurities.com>
To: "Darron. C. Giron@enron. com" <Darron.C.Giron@enron.com>, "Joe@gallup.
com" <Joe@gallup.com>, "Chris Cooper" <chris@savatech.com>
cc:
Subject: Gore in '04

Just another reason, that I'm a Democrat.

http://vegasinsider.com/vhtml/u/ce/column/0,2863,3214024,00.html

Jerry the Fixer


Reminder
The Enron Oral History Project Continues...

"Using History to Help Enron Become the World's Leading Company"

How can an understanding of strategic choices, regulatory change and
corporate culture help Enron achieve its vision?

Speaker:
Joseph Pratt, Cullen Professor of History and Business, University of Houston
and
 Co-Director, Enron Oral History Project

Thursday, June 7
11:30 a.m. to 12:30 p.m.
EB 5C2

To Make a Reservation, Call 3-1941 and Select Option 1

Lunch will not be provided, but you are welcome to bring your own.

Please inform us ahead of time if you need special accommodations to
participate in this meeting.  Call 3-9390.


I enjoyed it too - actually it's just as well that I was carted off when I
was - I was sound asleep by 8:30 and still feel the affects.


Eklavya,

Thanks.

Vince

   Eklavya Sareen                01/11/2000 03:19 AM

To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: Congratulations!

Congratulations! on your promotion!


Sources report that the bond authorization will be put to a vote today

The bridge loan financing bill will put to a vote today in the California
Assembly.  The bill would pass with a simple majority as a non-urgency bill,
meaning the bill would not take effect for 90 days.  The state would be
forced to abandon its proposed bridge loan plans.  Absent of last minute
financial rescues by Davis or a new longer bridge loan package (unlikely)
Socal could seek voluntary bankruptcy.  The main problem now will be the
waiting period for financial relief from the state through the transmission
line purchase or other assistance.


As we discussed yesterday, the exchange ratio adjusted price comparison is the key ratio to guage market merger appetite.   I also included the ENE 6 5/8% 10/15/03 bond price to view the credit market's perception.
I'll send it around from time to time.  An excel file is attached.

Regards,

Michael


I'm not Tim.  Perhaps you'd better contact him some other way.


I don't think  you got this on Wednesday.  My computer hung up as I was
sending.  We have agrements with Lehman, but
none that would be a problem with this since I'm guessing Lehman is going to
protect our information.   That is the case in all the other agreements that
we have with them.

Kay C. Young
Legal Specialist
Enron North America Corp.
713-853-6794 Phone
713-646-3393 Fax
kay.young@enron.com

	Tana Jones
	05/02/2001 09:53 AM

		 To: Kay Young/HOU/ECT@ECT
		 cc:
		 Subject: Lehman NDA

Any conflicts?
----- Forwarded by Tana Jones/HOU/ECT on 05/02/2001 09:52 AM -----

	Mark S Palmer/ENRON@enronXgate
	05/02/2001 09:09 AM

		 To: Tana Jones/HOU/ECT@ECT
		 cc:
		 Subject: Lehman NDA

Can I come down and get this this am?

Thanks,
Mark P.

Input info for the NDA
--------------------------------

Legal name of the company:
 Lehman Brothers Inc.

Business contact name at the company (who will receive the NDA):
 Jarett Wait

Business contact email & phone (& fax, if applicable):
 jwait@lehman.com

Company's address:
 3 World Financial Center
 10th Floor
 New York, NY  10285

Nature of discussion:
 Project Offline

NDA delivery method:
 Hard-copy (return to Mark S. Palmer)

Other delivery needed? (hard copy sent by mail, Fedex, fax):
 No

Legal contact at the company (optional but helpful):


Charlie,

Have been watching ENE and was thinking about you.  Give me a buzz - let's
hook up and talk.

LDWolf

Lynn D. Wolf
Director, Business Development
Greenwich Technology Partners
Office - 972.404.5503
Cell - 214.683.7447
lwolf@greenwichtech.com


Kay:

My only comment is in Section 5(e). The specific reference to Article 19.2 of
the Facility Agreement should be deleted, and the paragraph should read
"...as may be required pursuant to the Facility Agreement, ...".

I'd like to be able to send this out on Tuesday. Please let me, Fred and
Chris know when you have reviewed this draft.

Thanks,

Ben

"Campbell, Carolyn" <CCampbell@KSLAW.com> on 01/11/2001 06:29:24 PM
To: "'kay.mann@enron.com'" <kay.mann@enron.com>
cc: "'ben.f.jacoby@enron.com'" <ben.f.jacoby@enron.com>,
"'fred.mitro@enron.com'" <fred.mitro@enron.com>
Subject: Revised 7EA Turbine Letter Agreement

 <<2RZ504!.DOC>>  <<2RZ5RED.DOC>>

Kay:

We have enclosed clean and marked copies of a revised draft of the 7EA
turbine letter agreement reflecting revisions from the draft previously
distributed on January 8, 2001.  Please review and advise of any comments.
Thank you.

Carolyn M. Campbell
King & Spalding
713-276-7307 (phone)
713-751-3280 (fax)
ccampbell@kslaw.com

Enclosures: 129569v4
  129569vR4/3

 - 2RZ504!.DOC
 - 2RZ5RED.DOC


My dear compadres,

We are a month away from our trip to the beautiful Lake Tahoe.  Here is the
link to the house we have reserved.
As a repeat offender, we get a price break and it is going to be $198.00
for the house from March 8th to the 13th for ten people.

http://www.tahoevacationguide.com/LTRB/Homes/2240E.html

So, I currently have

Michael W.
Mark M.
Virginia H. and Friend.
Patricia
David?
Gerald?

Let me know!!!

Have a great weekend

Thanks,
Patricia Cuero
Bus Ops, Program Manager
(512) 723-6977
(800)  289-3355 ext. 36977
(512) 728-3653 fax

"The only limits on what you can accomplish are the limits you place on your
own imagination."


We still have CGLF and CGAS contracts showing up as CES and Columbia Market
in Navigator.  Scott and I will look at contracts 42789, 63115, and 66278.
Please let Scott know if you need any of the remaining contracts moved over
to ENRON N A.

Thanks.


Starts 1/7/99 for 30 days (will eventually be termed up)
Buy from Spinnaker at Galveston Island 250L at GD HSC-.08 plus tsp and dehy
(.138)
Transported on Blue Dolphin Pipeline (agency has been given to Enron per Mary
Jean at BDPL)
 $.123 Transport (Contract BDPL-064-GTSA)
 $.015 Dehy fee (Contract MEI-056-DA)
Sold to Dow at its Plant Inlet in Brazoria County at GD HSC-.07

Blue Dolphin does not require nominations.  Whatever is produced is allocated
to Dow. Currently, the volumes are about 208 MMBtu/d.
Samedan operates the production field. (Janene Shipp 580-221-1200)
Blue Dolphin Contacts
 Volumes - Ken Davenport 713-227-7660 x137
 Transport - Mary Jean Krinke 713-227-7660 x155

Ami
3-9272


I'm in.

 -----Original Message-----
From: 	Yoder, Christian
Sent:	Tuesday, December 18, 2001 5:12 PM
To:	DL-Portland World Trade Center
Subject:	Lunch on Thursday

Friends and Co-Workers:

You are hereby cordially invited to a pre-holiday office lunch this Thursday at approximately 11:30 a.m, courtesy of the Trading Attorneys.

LEGAL NOTICE:  Christian Yoder and Steve Hall (hereinafter "we" or "our" or "us" ) intend to pay for the food (which will probably, but not necessarily, be pizza and salad) with post-petition Chapter 11 salary dollars that have already cleared our respective individual bank accounts and, therefore, by joining us in the meal ("Lunch") you will not be exposed to any retroactive claw-back risk by way of the Cash Account Committee.  We are also investigating the possibility of providing a limited quantity of a certain kind of beverage ("Beer") under a provisional waiver of the defunct pre-petition Company's drinking policies, subject to approval by the Estate's Liquor Control Board which is being sought on an expedited basis.

We feel like making this modest holiday gesture for several reasons:

1.  It has been a pleasure working with you all during the past year.
2.  We are optimistic about this office's prospects in the upcoming year.
3.  American Express forgot to cancel our Corporate Cards.

We hope you will join us for a free lunch as we look forward to a prosperous New Year.

Christian and Steve


Enron and Exelon Unit Set Chicago Power Deal
The Wall Street Journal, 06/07/01

World Watch
The Wall Street Journal, 06/07/01

Enron Broadband invests in AP Engines
Houston Chronicle, 06/07/01

Attempt to save Enron power project in India extended to third day
Houston Chronicle, 06/07/01

Derwent Valley. : Grosvenor Place Pre-letting
Dow Jones International News, 06/07/01

India Dabhol Pwr Lenders Mtg Ends "Positively" - Source
Dow Jones Asian Equities Report, 06/07/01

INDIA: Private firms expect Enron India's woes to end.
Reuters English News Service, 06/07/01

India IDBI Exec Leaves Dabhol Mtg Early; Reason Unknown
Dow Jones International News, 06/07/01

INDIAN PM CONFIDENT OF RESOLVING ENRON DISAGREEMENT SOON
Asia Pulse, 06/07/01

Walking the talk?
The Daily Deal, 06/07/01

GM, Other U.S. Companies Blast Bush Move to Shield Steelmakers
Bloomberg, 06/07/01

Pacific Hydro Bends With the Wind, Flows With Water (Update5)
Bloomberg, 06/07/01

Council status quo for blacks Hispanic growth likely to affect white wards
Chicago Tribune, 06/07/01

Enron Plans to Challenge Power Regulator's Order, Paper Says
Bloomberg, 06/07/01

Since when does rape equal justice?
Chicago Tribune, 06/07/01

PPA in force, claims DPC
Business Standard, 06/07/01

Calif Eyes Ending Access To Alternative Power Suppliers
Dow Jones Energy Service, 06/06/01

Enron and Exelon Unit Set Chicago Power Deal
Dow Jones Newswires

06/07/2001
The Wall Street Journal
A4
(Copyright (c) 2001, Dow Jones & Company, Inc.)

CHICAGO -- Enron Corp. and Exelon Corp.'s Commonwealth Edison Co. signed an
agreement to supply power to the city of Chicago and 47 suburban communities,
in the largest such deal since Illinois deregulated its electricity industry
in 1997.
Under the agreement, Enron will provide 60% of the 400 megawatts of power
contracted annually while ComEd will provide the rest.
Terms of the contract, expected to go into effect this year, weren't
disclosed.
The coalition of governments sent out requests for bids to the state's 13
registered electricity providers last summer in a bid to bring down power
costs.

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

International
World Watch
Compiled by David I. Oyama

06/07/2001
The Wall Street Journal
A17
(Copyright (c) 2001, Dow Jones & Company, Inc.)

ASIA/PACIFIC
Lenders to Enron Unit Continue Talks
Foreign and Indian lenders are scheduled to meet again today in Singapore,
after two days of talks with Dabhol Power, U.S. energy company Enron's Indian
unit, ended in deadlock, according to R.M. Ganatara, general manager of the
Industrial Development Bank of India. The talks are over the future direction
of its $2.9 billion power project near Bombay. "Something is being hammered
out; there isn't a common meeting point yet. We will be looking toward a
solution to end this crisis" at today's meeting, he said. But he said he
wasn't "sure how and where the talks will end" concerning the project, which
has been torn by a bitter dispute between Dabhol and the Maharashtra State
Electricity Board over nonpayment of bills and power charges.

June 7, 2001, 12:09AM
Briefs: Houston & state

Enron Broadband invests in AP Engines
Enron Broadband Services, a division of Houston-based Enron Corp., took part
in a $30 million venture investment into Massachusetts-based tech firm AP
Engines.
Private equity fund Thomas Weisel Capital Partners led the round, while Atlas
Venture, Bessemer Venture Partners and Commonwealth Capital Ventures,
Lighthouse Capital Partners and Mentmore Venture Partners also participated
in the round.
AP Engines develops software that allows broadband Internet service
providers, such as cable and telephone companies, to move a variety of data
types, including, e-mail, voice, video-on-demand and video conferencing over
their networks.

June 7, 2001, 9:58PM
Houston Chronicle
Attempt to save Enron power project in India extended to third day
Bloomberg Business News
SINGAPORE -- Indian banks that funded Dabhol Power Co., a unit of Enron
Corp., and international lenders extended a meeting into a third day to try
to save the $3 billion power project from closure, bankers said Wednesday.
Executives from Industrial Development Bank of India, or IDBI, other Indian
banks and international lenders such as ABN Amro Holding NV decided to meet
again today after initially planning a two-day meeting, the bankers said.
The meeting was called to resolve a dispute related to power prices that has
resulted in Dabhol and the Maharashtra State Electricity Board, its only
customer, starting to terminate the project.
The fate of Houston-based Enron's first investment in India is seen as a
litmus test for future foreign involvement in infrastructure projects in the
country. Indian banks have the most at stake. Unlike them, international
lenders received government guarantees for about $600 million they lent to
the project.
The Indian banks, which have given as much as $1.4 billion in unsecured
loans, are that concerned foreign creditors may call for a termination of the
project and invoke their guarantees and are seeking ways to keep it alive.
Lenders such as ABN Amro, Citibank N.A., a unit of Citigroup, Bank of America
and Credit Suisse First Boston in April approved Dabhol's decision to begin
termination of its power supply contract with the board.
Foreign banks wouldn't comment on what solution they are seeking from the
Indian lenders at the Singapore meeting.

Derwent Valley. : Grosvenor Place Pre-letting

06/07/2001
Dow Jones International News
(Copyright (c) 2001, Dow Jones & Company, Inc.)

LONDON -(Dow Jones)- The company has, through one of its subsidiaries,
pre-let further office space at 21 Grosvenor Place, SW1 to Enron Power
Operations.
Enron took 1,980 sq. m (21,300 sq. ft) earlier this year and is now taking an
additional 1,170 sq. m (12,600 sq. ft), at GBP0.7m per annum.
The rent payable equates to GBP55 per sq. ft, for a lease expiring in 2014,
with reviews in 2004 and 2009.
Refurbishment of this newly-let space will be incorporated into the current
scheme, at an additional cost of GBP1m, with the work scheduled for
completion at the end of 2001.
ICV Edited News from Dow Jones

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

India Dabhol Pwr Lenders Mtg Ends "Positively" - Source

06/07/2001
Dow Jones Asian Equities Report
(Copyright (c) 2001, Dow Jones & Company, Inc.)

SINGAPORE (Dow Jones) A three-day meeting involving institutional domestic
and foreign lenders to U.S. Enron Corp.'s (ENE) troubled Dabhol Power Co.
project in India ended Thursday "positively," one of the lenders told Dow
Jones Newswires.
He added no further meetings were planned in Singapore.
Dabhol, India's largest private power plant, was scheduled for commissioning
in two phases. The project's first phase, a 740-megawatt power plant, has
already been commissioned and 1,444-megawatt phase two is due to be completed
later this year.
The $3 billion Dabhol project has been mired in financial disputes when its
main customer, the Maharashtra State Electricity Board, has failed to pay
several of its bills.
Dabhol has come under fire because of the relatively high cost of its power.
Critics object to Dabhol charging INR7.1 a kilowatt-hour for its power,
compared with INR1.5/KWh charged by other suppliers.
Enron Corp. (ENE) has a 65% controlling stake in the controversial
2,184-megawatt, $3 billion Dabhol project, which supplies power to the State
Electricity Board. MSEB has 15%, General Electric Co. (GE) has 10% and
Bechtel (X.BTL) with 10% are the other shareholders in the project.
A senior official with an Indian lender involved in the DPC project confirmed
that the meeting's outcome was positive.
"There were some positive developments. That's all I can say," the official
told Dow Jones Newswires by telephone.
IDBI Executive Director R.S. Agarwal denied media reports that lenders had
proposed mothballing the second phase of the power project at the lenders
meeting in Singapore.
"We aren't considering any such thing. Reports that say so are wrong. That
was a proposal from Dabhol Power to mothball the DPC's Phase Two for a year,"
Agarwal said, speaking from Bombay.
The DPC had proposed suspending construction of Phase Two of the power
project for "about a year or so until basic issues are sorted out," he said.
"It was felt in the meeting that the (Phase Two) of project should be
mechanically completed in all respects, and then the project's position
should be reviewed thereafter," he said.
"We have forwarded the DPC's proposal to the lenders' engineer Stone &
Webster (U.SEW) to study its commercial implications and have asked them to
report back," Aggarwal said.
He said Stone & Webster's assessment should be completed in around one week's
time.
DPC refused to comment on the result of the lenders' meeting. A Bombay-based
DPC spokesman said he couldn't pass comment on "the internal talks of a
meeting."

The second phase of the project, a 1,444 megawatt power plant, is more than
90% complete.
Speaking earlier Thursday, Wade Cline, DPC's managing director, said an
informal deadline of mid-June had been set to decide whether to continue with
Phase Two construction. However, Cline said the deadline was "not a
definitive D-Day."
"One of the key decisions they (the lenders) are focusing on is continuing
with (Phase Two) construction at the site," he said.
Wade said that an unspecified sum of money had yet to be paid to Phase Two's
contractors led by Bechtel (X.BTL). "It's a significant amount of money,"
Cline said, without elaborating further.
"(Phase Two) of the Project hasn't had any loan disbursements in the last
three months," he added.
One informed source familiar with the lenders' discussions said Phase Two
completion "would require US$500 million," adding the amount owed to
contractors is in the region of US$30 million-US$40 million.
Lenders are attempting to steer the government towards considering additional
buyers for the power produced by DPC.
"We are now at a time when there isn't a lot of certainty as to who is going
to buy the power. We are all working to find solutions to that problem,"
Cline said.
-By Sri Jegarajah, Dow Jones Newswires; 65-415-4066;
sri.jegarajah@dowjones.com (Himendra Kumar in New Deli and Daniel Pearl of
the Asian Wall Street Journal contributed to this report.)

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

INDIA: Private firms expect Enron India's woes to end.

06/07/2001
Reuters English News Service
(C) Reuters Limited 2001.

NEW DELHI, June 7 (Reuters) - India's private power producers expect an early
end to the dispute between Enron Corp and a local utility after Prime Minster
Atal Behari Vajpayee said he was optimistic about the U.S. firm's
$2.9-billion project.
"Now the central government is taking interest. That too at the highest
level. That is very nice," Harry Dhaul, director-general of the Independent
Power Producers' Association of India, told Reuters.
On Wednesday Vajpayee said he was confident that Dabhol Power Co, 65-percent
owned by Enron, and the Maharashtra State Electricity Board (MSEB), the
plant's only buyer, would sort out their problems.
MSEB, which complains that Dabhol produces costly power, defaulted on
payments of $48 million to DPC last year.
The squabble provoked Enron to serve a preliminary termination notice to MSEB
and the utility declared late in May that it had stopped buying power from
the controversial plant.
Dabhol's first phase of 740 MW is already operational and the next phase was
scheduled to add 1,444 MW later this year. MSEB has already said it would not
buy power from the project's next phase.
Private power producers, who have been demanding federal intervention in the
dispute said Vajpayee's comments augured well for the plant and will help
refurbish India's image that took a beating after the dispute involving its
largest direct foreign investor.
"I think the prime minister has done absolutely the right thing. It is going
to send the right signal that we are back on track and the international
investors concern will be duly met."

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

India IDBI Exec Leaves Dabhol Mtg Early; Reason Unknown

06/07/2001
Dow Jones International News
(Copyright (c) 2001, Dow Jones & Company, Inc.)

NEW DELHI -(Dow Jones)- Industrial Development Bank of India Executive
Director R.S. Agarwal returned to India from Singapore late Wednesday after
two days of talks between domestic and foreign lenders on the future of Enron
Corp.'s (ENE) troubled Dabhol Power Co.
Agarwal has returned to India before the meeting has concluded. The meeting -
originally scheduled for two days - has been extended into a third day as
both parties have failed to reach any common ground on how to resolve a
prolonged dispute between the DPC and its sole buyer of power the Maharashtra
State Electricity Board.
Agarwal didn't give a reason as to why he had returned from the meeting
early.

Late Wednesday, R.M. Ganatra, IDBI general manager said talks had ended in a
deadlock. "Something is being hammered out, there isn't a common meeting
point yet."
Speaking from the company's Bombay headquarters, Agarwal said "some (IDBI)
representatives are there still (in the Singapore lenders' meeting)." He
didn't elaborate further. DPC officials are also attending the meeting.
Domestic lenders which include IDBI, State Bank of India (P.SBI) and ICICI
Ltd. (IC) have lent US$1.4 billion to the US$2.9 billion Dabhol Power
project.
Last month, Dabhol Power issued a preliminary notice to terminate its
agreement to sell power to India's Maharashtra state government and to
provide power from its online 740-megawatt Dabhol Power plant.
Dabhol Power issued the notice to terminate after the state failed to pay
December and January power bills amounting to US$48 million on time. The
state and Dabhol Power are currently in talks in an effort to see if they can
renegotiate the deal including a power purchase agreement the state says is
now too expensive.
Also, a second phase of the project, a 1,444-megawatt power plant more than
90% complete, also is in doubt.
-By Himendra Kumar, Dow Jones Newswires; 91-11-461-9427;
himendra.kumar@dowjones.com

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

INDIAN PM CONFIDENT OF RESOLVING ENRON DISAGREEMENT SOON

06/07/2001
Asia Pulse
(c) Copyright 2001 Asia Pulse PTE Ltd.

MUMBAI, June 7 Asia Pulse - The Indian Prime Minister, Atal Bihari Vajpayee,
today expressed confidence that the 7-month old imbroglio over purchase of
power from Enron promoted-Dabhol Power Company (DPC) would be resolved soon.
Vajpayee, who arrived here for a knee surgery, told reporters that there were
difficulties in finding a solution, but expressed confidence that the issue
would be sorted out.
"Right steps are being taken to sort out the matter," he said, adding the
Maharashtra government and the U S energy major Enron were in a position to
resolve the imbroglio.
Centre has already directed the Central Electricity Authority (CEA) to scout
for buyers of DPC power, mainly in the power-deficient states.
Asked whether the federal government would be buying surplus power from Enron
-promoted Dabhol Power Company, Vajpayee commented "Who will purchase such a
costly power?"
(PTI) 07-06 0950

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

Industry Insight
Walking the talk?
by Lachlan Colquhoun

06/07/2001
The Daily Deal
Copyright (c) 2001 The Deal LLC

India's finance minister says the country is open for business, but delayed
deals and investor wariness tell a different story.
Indian Finance Minister Yashwant Sinha promised earlier this year he would
"walk the talk" on liberalizing the country's famously protectionist foreign
direct investment regime.
Five months on, he's clearly proud of his accomplishments. Too proud. "The
reform measures the government has put in place have paid significant
attention to foreign direct investment," Sinha said in an interview. "An
investor-friendly policy regime has been put in place with foreign investment
being permitted in almost all sectors under the automatic route."
Sinha initially won applause from foreign investors for introducing a program
that included key privatization initiatives and select sector foreign direct
investment liberalization. But the minister has stumbled recently on four key
deals.
The main privatization targets for this year -- state flag carrier Air-India
Ltd., car maker Maruti Udyog Ltd. and local telecom giant Videsh Sanchar
Nigam Ltd. -- all remain unsold.
And Enron Corp.'s long-troubled effort to make a profit from its $3 billion
investment in a 65%-owned power plant in the state of Maharashtra -- the
largest foreign investment in India -- has hit a brick wall. The Houston
power company moved in May to abandon its decade-long effort after repeated
run-ins with the state government over unpaid bills.
For corporate dealmakers, India continues to tempt and disappoint. With a
population of 1 billion and an emerging middle class, the prospect of a
reforming, open Indian economy fascinates foreign companies in the way China
did in the 1990s.
The only problem is the government's inability to implement its rhetoric on
reform. Sinha described the reform process as "irreversible." However, he
said the country was following a "calibrated" approach to "allow the economy
enough time to absorb the impact of restructuring." But calibrated to what?
No foreign groups, for example, were among the bidders expressing interest in
the 25% stake in Videsh Sanchar Nigam the national government is selling.
India's tangled telecom regulations made a bid far too problematic.
New Delhi's effort to sell 40% of Air-India is also freighted with red tape.
First off, the government is offering only 26% to a foreign carrier. This led
Delta Air Lines Inc. of the U.S. and Air France, which were planning a joint
bid, to drop out of the race.
That cleared the path for a bid by Singapore Airlines Inc. in partnership
with the local Tata group, the original owners of the nationalized air
carrier. But what is a minority stake in perpetually money-losing Air-India
worth? SIA and Tata could well balk if New Delhi asks too much.
Then there is the government's 50% stake in Maruti Udyog. Joint venture
partner Suzuki Motor Corp. has the first right of refusal on the government's
choice of buyer. The Japanese carmaker prefers that General Motors Corp.,
which holds a 20% stake in the local carmaker, buy out the government. But
the government has said no.
With New Delhi and Suzuki barely on speaking terms, the sale could be a long
way off. This would make the issue "forever and after the epitome of lost
privatization opportunities," says Udayan Bose, chairman and CEO of Lazard
India.
Sinha's response? "The government appointed a committee on March 26 to
negotiate with Suzuki. The committee has commenced formal negotiations with
Suzuki."
To be fair, Sinha has one piece of reform of which to be proud. Passage of
legislation liberalizing the insurance sector last year was his major triumph
and a landmark for global insurance giants.
Standard Life Assurance Co. and Prudential Corp. plc of Britain, as well as
Metropolitan Life Insurance Co. and American International Group Inc. of the
U.S., are among the foreign players already hooked up with Indian partners.
Sinha says the reforms will triple the size of the local insurance market
within three years.
Sinha predicts other victories soon.
"We have already taken the decision to privatize 27 public sector companies,"
he said. "In most of these cases, the process is on. We have streamlined
procedures, and it is our duty to convince the people of this country and
Parliament that the process is transparent."
Still, the privatizations of Air-India, Maruti Udyog and VSNL mean the
government's $2.3 billion sales target for this year is clearly in trouble.
And recent overall FDI figures are not encouraging, either. According to the
Reserve Bank of India, approval was granted for FDI of $55.1 billion between
1991 and 1998, but only $12 billion was actually invested.
India's infamous bureaucracy turned many potential investors away. But also
of concern is the economy. GDP growth, which many regard as inflated by
statistical quirks anyway, has declined from 6.6% in the fiscal year ending
March 2000 to an estimated 6% in fiscal 2001. Industrial growth fell from
8.2% to 6%.
Pressed about a lackluster macroeconomic picture Sinha pointed instead to the
nation's undoubted strengths. "India offers a vast reservoir of well-skilled
technical manpower, an abundance of natural resources and a well-developed
communication network," he boasted. "The country has liberalized in
practically all sectors and has developed a substantial degree of openness."
More's the pity, then, that the country has a demonstrated ability to shoot
itself in the foot whenever economic reform looks promising.
Lachlan Colquhoun is a Daily Deal correspondent based in Syndey.
http://www.thedeal.com

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

GM, Other U.S. Companies Blast Bush Move to Shield Steelmakers
2001-06-07 00:01 (New York)

     Washington, June 7 (Bloomberg) -- General Motors Corp. is
concerned that an investigation President George W. Bush ordered
of foreign steel in the U.S. may lead to import curbs, pushing up
prices for the cars and trucks it sells consumers.
     Stripmatic Products Inc., a Cleveland company with 30
employees that supplies brake components to GM and other
automakers, has a deeper worry: If it's forced to buy more
expensive U.S. steel, it may lose all its customers.
     ``If they put on import tariffs, I will lose my business to
overseas manufacturers,'' said Stripmatic President Bill Adler,
whose 55-year-old company imports low-grade stainless steel
exclusively from a French manufacturer.
     GM, the world's largest automaker, and Stripmatic were among
the U.S. steel-consuming companies that blasted Bush's Tuesday
order, warning it may cost money and jobs in the $37 billion U.S.
steel industry.
     ``Imported steel has the effect of keeping a dampener on
prices,'' said Bill Noak, a General Motors spokesman.
     Bush told the International Trade Commission, a U.S. agency,
to look into whether steel imports were harming domestic
producers, a step that may clear the way for remedies such as
tariffs, import curbs or an outright ban on the foreign products.
     The president responded to pressure from U.S. steelmakers
such as LTV Corp., Bethlehem Steel Corp. and Weirton Steel Corp.,
which have been lobbying for import protection since 1998, when a
flood of foreign metal sent steel prices and profits plunging.
     Since 1998, 18 U.S. steel companies, including LTV, the
country's second largest, filed for bankruptcy.

                      Pushing for Protection

     The U.S. industry has lost 80 percent of its jobs in the last
two decades, and steelmakers and steelworkers mostly blame
imports, which now take up about 27 percent of the U.S. market,
the world's largest.
     They charge that unfair trade practices, including government
subsidies that allow companies from South Korea to Brazil to sell
steel in the U.S. below the cost of production, have made it
impossible to compete on price.
     A metric ton of structural steel used in high-rise buildings
cost about $615 in the U.S. at the end of last year -- and $275 in
Russia, according to the International Cost Engineering Council, a
nonprofit group.
     Bush backed that contention when he said the U.S. industry
has been ``affected by a 50-year legacy of foreign government
intervention in the market.''
     ``All we've ever asked for is a fair and level playing
field,'' said Daniel Dimicco, president of Charlotte-based Nucor
Corp., a ``mini-mill'' that makes steel by melting scrap and was
the most profitable domestic steelmaker last year. ``That is the
message the president is sending, and we support it.''

                       8 Million Workers

     Officials from companies that consume steel in the U.S.
contend that such protection would cost the U.S. far more than the
steel industry would gain.
     About 8 million Americans are employed by steel-consuming
industries -- including auto and appliance makers, construction
companies and energy companies, according to the Consuming
Industries Trade Action Coalition, a group of steel consumers
including Caterpillar Inc., Procter & Gamble Co. and Enron Corp.
     Steel producers employ about 160,000 people, down from
800,000 20 years ago.
     An April study by the coalition examined the effect of steel
import quotas and tariffs and found that manufacturers using steel
would be forced to cut jobs because of higher costs. That would
result in an overall loss of between 19,000 and 32,000 jobs, while
protecting only about 3,700 steelworker jobs.
     Michael Fanning, a spokesman for Michelin North America, the
number two U.S. tire maker that also manufactures the B.F.
Goodrich and Uniroyal brands, said any move by the U.S. to add
tariffs or restrict imports ``will hurt the downstream users.''

                      No Domestic Suppliers

     ``We import a lot of high-quality steel from outside the
United States from companies in Germany, France, Japan, simply
because we can't get it in this country,'' Fanning said. ``We find
it disheartening that we would be penalized simply because we
can't get any domestic supplier.''
     The American Institute for International Steel, an
association of U.S. and foreign companies that support free trade,
said American steel companies themselves would be damaged by
import restrictions because they are among the largest importers
of foreign products.
     Domestic steelmakers imported almost a third of the 37.8
million tons of foreign steel brought into the U.S. last year, the
institute said. Most was in the form of ``slab'' -- raw steel --
or semi-finished products that were finished by U.S. companies.
     Bill Jens, owner of Ataco Steel Products Corp. of Cedarburg,
Wisconsin, whose 100-employee company annually sells $13 million
in lawn and garden implements, among other products, said Bush's
move is aimed at ``protecting companies that are really something
of a dinosaur.''
     ``They haven't been keeping up technologically with what's
been going on in the world, and all of a sudden we're going to be
forced to buy their steel at a higher price because they can't
keep up?'' he said. ``I don't think that's right.''

Pacific Hydro Bends With the Wind, Flows With Water (Update5)
2001-06-07 02:18 (New York)

Pacific Hydro Bends With the Wind, Flows With Water (Update5)

     (Closes stock price.)

     Melbourne, June 7 (Bloomberg) -- Pacific Hydro Ltd., the best-
performing stock in Australia's key index in the year to date,
hopes the westerly gales that buffet the southern coast will lift
its shares even higher.
     The Melbourne-based company plans to turn squalls into
electricity by building 114 windmills on the Victoria coastline.
It says the nation's biggest wind farm would provide enough power
for 200,000 households.
     After tumbling this week, Pacific Hydro shares rose 8.8
percent today, its biggest daily gain in almost six months. That
brings its increase in the past six months to 96 percent,
outpacing rivals on the S&P ASX 200 Index, and some investors say
it could keep rising.
     ``In a climate of higher energy prices, we like renewable
energy and this company is doing it very well,'' said Ian Huntley,
who holds Pacific Hydro shares among the A$44 million ($23
million) he manages at Huntley Investment Co. ``Looking at its
growth in revenue and earnings, it does very well whatever
business it's in.''
     Granted, Pacific Hydro isn't cheap. Even after this week's 15
percent slump, it trades at 72 times earnings -- almost twice the
average ratio on an index of local utility stocks. Earnings from
power stations in the Philippines, Australia and New Zealand may
not justify that high a valuation.
     ``They're probably the foremost experts in wind energy in
Australia -- management is very good,'' said Andrew King, whose
A$350 million of stocks at Investors Mutual Ltd. don't include
Pacific Hydro. Still, ``it's just a bit too high on valuation at
the moment,'' he said.

                         California

     Yet comparable companies elsewhere are even more expensive on
a price-earnings basis. Denmark's Vestas Wind Systems A/S, for
example, trades at almost 80 times earnings. Its shares more than
tripled last year.
     Managing Director Jeff Harding's ambition could see his
company build as many as 1,000 windmills, rivaling the largest
windmill owners like U.S.-based FPL Group Inc., Enron Corp., and
Iberdrola SA, Spain's second-largest utility.
     Besides its expansion plans, the company can also take
advantage of a new Australian law that raises the amount of
electricity the nation gets from renewable resources to 12 percent
from 10 percent. A wind farm takes only nine months to build
compared with a hydroelectric power station, which can take as
long as seven years.
     Commodity prices have cooperated in pushing up prices of so-
called green stocks like Pacific Hydro. The price of natural gas
more than quadrupled in the past year. Oil doubled since 1999. The
price of coal, used to produce 80 percent of Australia's
electricity, rose more than 50 percent in 12 months.
     In California, meantime, power shortages have crippled the
wealthiest U.S. state, boosting demand for alternative energy
sources like wind and water.
     ``People have seen what's happened to the energy sector in
the States,'' said Stuart Smith, an analyst at Merrill Lynch & Co.
``Even though (Pacific Hydro stock) has pulled back a lot, it's
still been a performer.''

                               Nepal

     Australians are hungry for energy. They are the fifth-biggest
consumers of electricity, lagging Norway and the U.S.
     Pacific Hydro's earnings may triple this year to A$18.5
million, helped by the start of its Bakun hydroelectric station on
the northwest Philippines island of Luzon, which almost doubled
the company's electricity generation.
     It plans to build another hydro station on the southern
Mindanao Island with joint venture partner Aboitiz Equity Ventures
Inc. Though a new Philippine law to allow more competition in the
electricity industry will drive down power prices, Pacific Hydro's
Harding said most of its output will be sold under long-term
contracts.
     Its next target country may offer even greater challenges. As
Nepal struggles to launch an inquiry into the massacre of its
royal family, Harding is awaiting the kingdom's decision on
whether to accept a bid to build two hydroelectric dams.
     ``Only one in 14 Nepalese has access to electricity, so there
is quite a demand for power within Nepal and northern India,''
Harding said. Because of rivers that run from the Himalayas, the
world's tallest mountain peaks, ``Nepal has the best hydro
resources in the world.''
     Pacific Hydro, which has risen 67 percent in the year to
date, rose 35 cents, or 8.8 percent, to A$4.32.

Metro
Council status quo for blacks Hispanic growth likely to affect white wards
Gary Washburn, Tribune staff reporter

06/07/2001
Chicago Tribune
North Sports Final ; N
1
(Copyright 2001 by the Chicago Tribune)

The Chicago City Council on Wednesday approved a blueprint for drawing new
ward boundaries that calls for maintaining the current level of
African-American representation in the council.
In practical terms, passage of the measure means that growth in the number of
Hispanic wards--something that is a foregone conclusion given new census
numbers that show explosive Latino population increases--is likely to come
out of the current total of white wards.
There now are 23 wards with majorities of white voters, 20 with
African-American majorities and seven Hispanic.
Because of a slight population decline among African-Americans and, more
importantly, a dispersion of population from historically black South Side
neighborhoods to other areas of the city, African- American aldermen feared
losing a seat.
But the ordinance passed Wednesday calls for a remap that "avoids
retrogression in the voting strength" of minorities protected by the federal
Voting Rights Act, a provision aimed directly at maintaining African-American
strength in the council.
"We are not going to get into a fight with Hispanics [and] we are not going
to give up any wards in this world or the world to come," declared Ald. Ed
Smith (28th), who represents a predominantly black ward on the West Side.
Despite the apparent victory for the council's black caucus, Ald. Dorothy
Tillman (3rd), one of its members, voted against the plan. She complained
that she is being denied an attorney to represent her as the remap process
begins to pick up steam.
Though the black caucus recently chose attorney Burton Odelson to represent
its interests, Tillman said she now has misgivings about the selection,
saying that Odelson is a conservative who has represented Republicans in the
past.
Ald. Richard Mell (33rd), chairman of the council's Rules Committee, rejected
Tillman's request to hire James Montgomery, a former city corporation
counsel.
Individual aldermen do not have the right to have representation funded by
the city, Mell asserted.
He suggested Tillman's concern has more to do with changes in her ward, which
has lost more than 17,000 residents and faces a potentially radical boundary
change, than with Odelson's politics.
Ald. Joe Moore (49th) and Ald. Michael Wojcik (30th) also voted against the
remap blueprint, objecting to a parliamentary maneuver used by the majority
to force consideration of the measure on Wednesday.
Wojcik's ward is one of those expected to be majority Hispanic in the new
map.
But the opponents were snowed under by a 44-3 vote.
Among other provisions, the blueprint also spells out the number of public
hearings to be held before a new map is drawn, mandates creation of an
Internet site where citizens can get information on the redistricting process
and requires a "redistricting impact statement" explaining how the new map
that will be drawn complies with the Voting Rights Act and state and federal
constitutions.
In other action, Mayor Richard Daley introduced a proposal calling for the
purchase of 60 percent of the electricity used in city buildings and other
municipal facilities from Houston-based Enron Corp.
Under a deal negotiated with the energy-provider, the city would reduce its
$50 million-a-year electric bill by about $3 million, officials said.
Commonwealth Edison Co., now the city's sole provider, would supply the
remainder of the city's electricity needs if the agreement is approved by the
City Council.
Officials in California have accused Enron and other energy providers of
limiting supplies to drive up prices there.
"We are more than well aware of the implications of California and the fact
that that Enron is involved in that market," said city Environment
Commissioner William Abolt. "We think that generally nobody is going to come
out of that with clean hands, from government to regulators to companies that
are supplying energy."
Enron has stood by its contracts with its customers to provide power at
agreed-upon rates, he said.
Under the proposed eight-year deal, the city's price would be locked in at a
guaranteed level initially and later would be tied to an independent
financial index.
Also on Wednesday, the City Council voted unanimously to prohibit racial
profiling by Chicago police and other law enforcement officers. Officials
believe Chicago is the first big city in the nation to approve such a measure.

PHOTO; Caption: PHOTO: Ald. Dorothy Tillman (3rd) says Wednesday she is being
denied a lawyer to represent her as the city redraws ward boundaries. Tribune
photo by Phil Greer.

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

Enron Plans to Challenge Power Regulator's Order, Paper Says
2001-06-06 23:24 (New York)

     Mumbai, June 7 (Bloomberg) -- The Indian unit of Enron Corp.
plans to challenge an order from the Maharashtra state power
regulator that prevents the company from seeking international
arbitration, the Business Standard said, without citing people.
     The regulator barred Dabhol Power Co., the Indian unit of
Enron, from seeking arbitration about its payment dispute with the
Maharashtra State Electricity Board until June 14, the paper said.
     Dabhol has decided to challenge the order in court on the
grounds that it is beyond the Maharashtra Electricity Regulatory
Commission's rights to bar the company from resorting to
arbitration, the paper said.
     Dabhol and the Maharashtra State Electricity Board, its only
customer, are in a dispute over power tariffs. The board stopped
buying power from Dabhol after the U.S. energy company took steps
to end a $3 billion power venture.

Commentary
Since when does rape equal justice?
Steve Chapman Steve Chapman is a member of the Tribune's editorial board

06/07/2001
Chicago Tribune
North Sports Final ; N
29
(Copyright 2001 by the Chicago Tribune)

The attorney general of California is very unhappy about the state's energy
crisis, and he has come up with the perfect solution. It involves a creative
type of punishment for Kenneth Lay, chairman of the Houston-based energy
company Enron. Though Lay has not been convicted of any crime, Bill Lockyer
says, "I would love to personally escort Lay to an 8-by-10 cell that he could
share with a tattooed dude who says, `Hi, my name is Spike, honey.' "
Let the record show that the chief law enforcement officer for the nation's
biggest state regards prison rape as a valuable feature of his correctional
system. Soft-hearted souls may lament the sexual victimization of jail and
prison inmates by violent sociopaths, but Lockyer's chief concern is that
there are some people who have yet to experience this form of justice.
It used to be that prison was feared because it meant a prolonged loss of
freedom, hard labor, separation from family and, sometimes, violence by
guards. But somewhere along the line, Americans got used to the idea that it
also involves sadistic sexual abuse with no one doing anything to stop it.
Why are we so nonchalant? We might be outraged that anti-social thugs are
getting away with horrific new crimes every day, under the very noses of law
enforcement. Instead, many people--Lockyer among them--have embraced the
proposition that the victims are getting only what they deserve.
One of the reasons this phenomenon gets little attention is that it's largely
invisible. Even critics can only make educated guesses about the scope of the
problem. But it's clearly large. A survey of seven men's prisons in four
states, published last year in Prison Journal, found that 21 percent of
inmates had been coerced or forced into sexual contact, with 7 percent
reporting they had been raped.
When Human Rights Watch did a confidential poll of prison guards in an
unnamed southern state, they estimated that one in five inmates were victims
of such abuse. Inmates said it was more like one in three.
Suppose we take a conservative estimate and say that one of every 10 inmates
suffers this misfortune. With more than 1.8 million men behind bars at any
given time, that means at least 180,000 inmates are forcibly violated every
year. And that's not counting what goes on in juvenile facilities. For
comparison's sake, in the entire United States, there were 124,730 reported
rapes of females in 1999.
How can sexual abuse possibly be regarded as an appropriate part of serving
time? Some of the victims are vicious thugs themselves. But many people in
prisons and jails were arrested for nonviolent offenses.
Many of us, if a close relative were found guilty of one of these crimes,
would think he should pay for his offense by losing his freedom for a long
while. But few of us would agree he deserves to be beaten, stabbed, sodomized
and infected with AIDS, which is what prison often means. If a judge were to
give a convict a sentence like that, it would be ruled cruel and unusual
punishment.
Lockyer might not have the stomach to actually watch one of the encounters
that he finds so amusing. One inmate interviewed by Human Rights Watch had
complained to guards after being raped. His assailant then beat him with a
combination lock--breaking his neck, jaw, collarbone and finger, dislocating
his shoulder, and giving him two serious concussions--before raping him
again. Afterward, the victim could read the word "Master," the brand of the
lock, on his forehead. Many inmates submit rather than risk being stomped to
a pulp.
Atrocities like this happen all the time, mainly because hardly anyone minds.
Authorities have no great incentive to take the problem seriously because
they generally can't be held liable for attacks. In overcrowded, understaffed
facilities, prevention may be impossible. Prosecutors, meanwhile, see no need
to seek punishment.
Treating prison rape like the crime it is would deter some attacks. Prisons
could also act swiftly to segregate the perpetrators from the rest of the
inmate population. The surest remedy is also the most expensive: Put all
prisoners in one-man cells, so they don't have to sleep with one eye open.
Or maybe we should just require all government officials with responsibility
for prisons and jails to spend a couple of nights a year in one of their own
facilities. Since you're already acquainted, Mr. Lockyer, you'll be rooming
with Spike.
----------
E-mail: schapman@tribune.com

GRAPHIC; Caption: GRAPHIC: Illustration by Dean Rohrer.

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

PPA in force, claims DPC
S Ravindran Mumbai

06/07/2001
Business Standard
3
Copyright (c) Business Standard

The Dabhol Power Company could continue billing the Maharashtra State
Eelctricity Board from its second phase, which was due to start operations on
June 7.
Sources close to DPC told Business Standard: "If MSEB had cooperated with
DPC, commercial production could have begun tomorrow. Under the PPA, they
would have been forced to buy this power."
"While MSEB contends that it has rescinded the PPA, DPC claims that it
continues to be in force. Under these circumstances, DPC will definitely
charge MSEB for the second phase power at some future date," sources added.
MSEB has stopped buying power from DPC. Meanwhile, lenders to DPC are yet to
arrive at a decision on the issue of the transfer notice being served to the
MSEB. "The lenders are yet to get back to DPC with their views on the
subject," sources said. This was one of the DPC executives' suggestions to
the lenders. The mothballing of the 1,444 mw second phase of the project was
also discussed. DPC executives also spelt out the differences between the
company and the Godbole panel to a consortium of Indian and foreign lenders.
"DPC representatives pointed out that there was a chasm between the Godbole
panel members and the company. The bone of contention is the plant load
factor (PLF) at which DPC will sell power to MSEB. DPC is keen on a PLF of 90
per cent which will bring down the tariff. The Godbole panel wants a much
lower offtake of power by MSEB," sources close to DPC told Business Standard
from Singapore.
The meeting was attended by Enron India managing director K Wade Cline, DPC
president and CEO Neil McGregor and representatives of Indian FIs and banks
like IDBI, ICICI, SBI. DPC executives will hold another round of talks with
the lenders tomorrow.

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

Calif Eyes Ending Access To Alternative Power Suppliers
By Jason Leopold
Of DOW JONES NEWSWIRES

06/06/2001
Dow Jones Energy Service
(Copyright (c) 2001, Dow Jones & Company, Inc.)

LOS ANGELES -(Dow Jones)- California utility regulators appear ready to vote
next week on a proposal to suspend the ability of large electricity users to
sign contracts directly with energy suppliers.
The move is called for in the February bill that put the state in the power
business, but its approval by the California Public Utilities Commission
would damp plans in the Legislature to reduce the burden on Edison
International (EIX) unit Southern California Edison by making large
industrial customers responsible for securing their own power.
"We're still trying to figure that out," said an aide to Assembly Speaker Pro
Tem Fred Keeley, D-Boulder Creek. "We don't know how to get around that right
now."
Keeley is expected to introduce legislation to shift the burden of rescuing
Southern California Edison to large businesses. Under the proposal, which is
also supported by Assembly Speaker Robert Hertzberg, customers that use 500
kilowatt-hours of power a month or more would pay a surcharge on their bills
to help Southern California Edison recoup its losses on wholesale power.
The so-called direct-access component - under those large users would buy
their power from suppliers - is the cornerstone of the Keeley plan, for which
Enron has been lobbying hard in recent weeks, according to several aides to
key legislators.
The Keeley plan is an alternative to the memorandum of understanding Gov.
Gray Davis signed with Southern California Edison two months ago. Under that
proposal, the state would buy Southern California Edison's power lines for
$2.76 billion and allow the utility to issue $2 billion in bonds backed by
ratepayers to recover $3.5 billion in net uncollected power costs.
That plan has run into snags in the Legislature, which must enact it into
law, and the PUC, which has been slow to rule on enabling measures.
One key Democratic Senator said the PUC's move to quash direct access is an
attempt to ensure a deal to rescue Southern California Edison doesn't pass
through the Legislature.
"The PUC has demonstrated it does not want SoCal Ed to remain solvent," the
senator said. "They have dragged their feet on several key issues they need
to address in order to make sure legislation to save the utility is never
heard."
A PUC spokesman didn't return calls for comment.
Direct-access was the key part of the state's 1996 deregulation law, giving
retail customers the opportunity to choose from a variety of energy suppliers
in an effort to lower their electric rates.
Commissioners Richard Bilas and Henry Duque said they support direct access
and would vote against any measure to reverse it.
"I would never vote against direct access," said Bilas, a Republican, who
authored the agenda item. Bilas said the item was amended by another
commissioner.
The measure could be held, because it might disrupt negotiations between the
Legislature and Southern California Edison, said PUC Commissioner Geoffrey
Brown, a Democrat.
The PUC may be looking to protect the state's interest as a power purchaser,
some legislative aides said.
The DWR's long-term power supply contracts cover the state's wholesale-market
power needs in 2002 and 2003. If large industrial customers were to sign
direct-access contracts, the DWR would lose them as customers and thus fail
to collect enough revenue to pay off the long-term contracts.
The agency could be stuck with a large surplus of electricity that it would
be forced to sell it on the open market at a loss. The market price of power
in the coming years is expected to be lower than what the state paid for
forward power in 2001.
Wholesale power prices plunged this week, and the DWR for the first time sold
excess power on the open market, according to Oscar Hidalgo, DWR spokesman.
Arnold Rosenthal, of Newport Beach-based Utility Resource Management Group,
an organization that represents more than 700 large electricity users in the
state, said state regulators are "looking to get us back into a mode where we
are held captive once again."
"The DWR is acting as this super utility," Rosenthal said. "What you're left
with is absolutely no choice. Instead, we'll be subjected to several large
rate increases."
Rosenthal said some of his San Diego clients have direct access deals. A
number of clients served by Southern California Edison want to sign
direct-access contracts to escape recent rate increases imposed by the PUC.
-By Jason Leopold, Dow Jones Newswires; 323-658-3874;
jason.leopold@dowjones.com

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


See the attached for the NNG Card list by team. SC= SouthCentral Team N=North team and SC-N means both claim the customer.

John Buchanan


>  Boudreaux and Thibodeaux were talking one afternoon, and Boudreaux
>tells
>  Thibodeaux, "You know, I tink I'm ready for a lil vacation. But, dis
>year
>  I wants to do sumting different. De-las' few year, I took your
>suggestion
>  bout where to go.
>  Tree year ago you say I should go to Hawaii, an' did an' Marie got
>  pregnant.
>  De next year you say to go to de Bahamas. Marie got pregnant agin. And
>las
>  year you tol me to go to Tahiti. Sure enough, Marie got pregnant
>again."
>  And Thibodeaux asks Boudreau, "What you gonna do dis year dat's
>  different?"
>   Boudreau says, "Dis year I gonna bring Marie wid me..."
>
>


Please see attached.

Regards,

Wendi LeBrocq
3-3835


Are we trading with the referenced counterparty?


Thanx for only sending the bullish reports. They helped me come in from off the ledge.

 -----Original Message-----
From: 	"Kennedy, Rod" <rod.kennedy@rbcinvestments.com>@ENRON
Sent:	Wednesday, October 24, 2001 11:03 AM
To:	Dorland, Dan; Dorland, Chris
Subject:	Enron Research

A good company on sale.
Research..............
 <<DORENE1.pdf>>  <<DORENE2.pdf>>  <<DORENE3.pdf>>
Don't lick your envelope for awhile...........
Rod

 - DORENE1.pdf << File: DORENE1.pdf >>
 - DORENE2.pdf << File: DORENE2.pdf >>
 - DORENE3.pdf << File: DORENE3.pdf >>


Executive Summary
? California Treasurer Angelides Sets Dates for Bridge Loans & Bonds
? California's Supreme Court May See Challenge to "Plan B"

Angelides on Bridge Loans and Bonds
CA Treasurer Angelides has said that beginning 15 August, the state will set
up a bridge loan.  The revenue bonds will not be issued until September or
October.  Angelides is not concerned about a cash crisis in July or August.
However, he is quite worried about problems with cash flow in October and
November.  This is based on calculations he has done with numbers from the
DWR and from other parts of the government, not on payment terms for power.
He fears there will be a cash management problem.

California Supreme Court to Challenge "Plan B"
California Attorney Michael Sturmwasser is expected to challenge "Plan B"
before the California Supreme Court on the basis that it results in a
retroactive rate increase and that it removes the PUC's authority to review
power purchases.  This is because "Plan B" enables SoCal to collect a
dedicated rate component to pay both its undercollect and its expenses going
forward.  SoCal (and PG&E) would have to be guaranteed this dedicated rate
component to be able to operate going forward and remain credit-worthy.  This
takes the burden of financing the energy crisis away from the state and off
the state's balance sheet, a key goal of lawmakers.  However, at the same
time, it also abrogates the PUC from its responsibility to review power
purchases.  The state cannot give the utilities a blank check (in the form of
a dedicated rate component) to operate without taking authority away from the
PUC.  According to the California constitution, the legislature can add to
the responsibilities of the PUC, but it cannot take away powers from the
PUC.  At the same time, ratepayers will be paying an additional surcharge for
power that they have already used.  Sources describe Sturmwasser's case as
"arguable"; in other words, it has a fair chance of succeeding.  However,
regardless of whether the challenge succeeds or fails, it is very likely to
cloud the issue of the bail-out and significantly deflate the prospects of
the Plan B.

If FERC were to impose cost-based controls on power prices, sources believe
it might "go a long way toward avoiding these problems."  Were this to
happen, the PUC could declare FERC's rates "just and reasonable," which would
likely greatly lessen the crisis and keep SoCal liquid.  However, such
measures by FERC require significant lead time.  Sources state that "the
state needs to tease the feds into doing this."  This can be done by
conducting studies to obtain current cost data and update the data FERC would
use for determining the cost controls.  Sources report that this process of
"teasing" FERC has not yet started.  This is chiefly because California
politicians are focused on flat price caps, which FERC is very unlikely to
impose.  It appears the state is asking FERC for the wrong measures, which is
delaying the process.  The only way for the state to avoid these
constitutional issues would be for the state to purchase the utilities, as
municipal entities would not be subject to PUC regulation.  However, there
remains very significant opposition to this idea, especially on the
Republican side.  A state purchase of the utilities would likely only gain
momentum once Plan B began to fail for the reasons cited above.
Additionally, a state purchase of the utilities would be less expensive were
both utilities in bankruptcy.

Sturmwasser is a partner at Sturmwasser & Woocher, a Santa Monica law firm.
(His offices are on the top floor of the tallest building in Santa Monica,
overlooking the beach.)  He has been a utilities lawyer for over 30 years.
His clients include the consumer advocacy group TURN (Toward Utilities Rate
Normalcy), among others.  Sturmwasser will reportedly look for funding to
support the legal challenge, but if he cannot find money elsewhere, he will
likely be able to support it out of his own pocket.


Here are a couple of deals to look at.

Q22452.1 and Q97452.2

Thanks,
Susan


POSREP HOEGH GALLEON 24TH. APRIL 1200LT (1400UTC)

A) Position at noon        : N 30 36 W 054 38
B) Dist. from last noon    : 413 n. miles (23 HRS.)(1 HRS. ADV)
C) Dist. to go to next port: 6894,5 n.miles (Qalhat)
D) Eta next port           : May 12th. 0001 local time
E) 1:Average sea/weather   : Wind: ESE 5, Sea: ESE 4
   2:Average speed         : 17,96 knots / average RPM 93,46
   3:B.O.G. consumed       : nil
   4:F.O. consumed         : 143 mt.
   5:G.O. consumed         : nil
   6:Average vapor press. Tk. 1:      bar. Average liq. temp:
                          Tk. 2:                            :
                          Tk. 3:                            :
                          Tk. 4:                            :
                          Tk. 5:                            :

ETA Algeciras 30th. 0500lt.

Brgds Oe. Hansen
Master

E-mail: master.gall@hoegh.no
Teleph: Inmarsat tel.no.+874 330853910
Fax   : Inmarsat fax no.+874 330853913
Telex : Inmarsat B telex no.+584 330853915
Telex : Inmarsat C telex no.+584 430853910 (24hrs.watch)


TCPL and the Stakeholders have been meeting regularly since January and are
close to a partial two year toll settlement along the following lines
acceptable to TCPL:

Cost of Capital and ROE - to be litigated in NEB Rate Hearing
Operations, Maintenance and Administration Costs - 2001 = $223M    2002 =
$216.5M
Depreciation - 2001 2.76% (increase of 0.1%)   2002 = 2.91%  (approx $60M
over two years)
Authorized Overrun Service of 2.5% of FT credited to IT services
Employee Severance costs amortized over 3 years
Revenue Sharing to be capped at $5M
New Services to be tariffed and run through expedited Tolls Task Force
Process.  If opposed at TTF, sponsors can file application with NEB.
IT Floor = greater of 80% of FT toll or sum of incremental marginal fuel cost
pus FT Commodity toll plus 5% of daily FT demand toll
STFT - status quo
AECO/ANR Storage - TCPL commitment to review monetization and disposition
options on 8 bcf this year

In terms of an Eastern Zone toll and prior to taking into account any
increase for higher cost of capital, this represents about CDN$1.10/GJ in
2001 and $1.15 in 2002 (assuming discretionary revenue of $40M/year).

Going around the table most stakeholders, including the LDCs and CAPP gave it
unenthusiastic support although IGUA and Centra Man indicated they have
strong problems with AOS if it is run as a credit to IT services.  El Paso
and PGE were non-commital and may end up opposed.  Representing Enron, I
expressed concern about the lack of clarity around what marginal fuel costs
mean but indicated we would unlikely to be opposed (i.e prepared to litigate)
if it was otherwise widely supported.

TCPL is to draft agreement language for distribution next week.

Any questions let me know.

Kevin
403 974-6727