Please call before you leave and please send me your contact information when
you have it for your new job.  thanks

Jane Wilson@ENRON_DEVELOPMENT
05/30/2001 07:31 AM
To: Wade Cline/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Neil
McGregor/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Steven J Kean/NA/Enron@Enron
cc: Richard Shapiro@Enron, Sue Nord@Enron, Anthony Duenner@ENRON
COMMUNICATIONS, Rebecca McDonald/Enron@EnronXGate, Sandip
Malik/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Bob Sparger/Corp/Enron@Enron,
Scott Gilchrist/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT

Subject: Notice

After almost 13 years with Enron, I've decided to pursue other opportunities
outside of the company.  While the problems in India remain challenging and I
have enjoyed my tenure here, the job I've been offered is really too good to
pass up.  Thus, please consider this e:mail as formal notice of my intention
to resign from the company, effective close of business June 16, 2001.


BLOOMBERG

Jeff Richter
deal 580280
Bloomberg does not recognize

Chris Mallory
I am missing the following deal  per Bloomberg:
Enron buys from El Paso 25 mw Q3'01 SP light at $228

deal 580168
Bloomberg shows fee of $.005

Mike Swerzbin
deal 580159
Bloomberg shows fee of $.005

PREBON
All deal are o.k.

Amerex West
All deals are o.k.


We agree

"Eileen Ponton" <kponton@duke-energy.com> on 03/05/2001 09:58:38 AM

To:   David Avila/LSP/ENSERCH/US@TU, Charlie Stone/Texas Utilities@TU, Melissa
      Jones/Texas Utilities@TU, HPL.SCHEDULING@ENRON.COM,
LIZ.BELLAMY@ENRON.COM
cc:
Subject:  NOMS / ACTUAL FLOW FOR 03/02 THRU 3/04/01

DATE      NOM       FLOW - MCF           FLOW - MMBTU

3/02      0         0              0

3/03      50,000         47,743               49,032

3/04      37,500         35,844               36,812

BTU = 1.027


OK Gang:

Well, I,ve been crunching numbers all day, and haven,t yet gotten to the
writing.  I've attached Dylan's original responses for reference.  Figure
it'll be a memo from Time's CEO to the Time Board.

I,ve leaving now for Mendocino, but will be back early tomorrow to finish
this up.  Please check out the spreadsheet.

The case is sort of confusing*how do Time,s analysts value Time at $189-212,
when they,re trading at 109 the day before the announcement of the deal with
Warner.  That doesn,t jive.  Are they saying that, absent synergies, the
combined Time/Warner is worth the enterprise value of Time at 189-212 plus
the enterprise value of Warner at $63-71 (again, the analysts valuation)?
That just seems ridiculous, give where they,re trading.

Anyway, here,s where my analysis is heading----tell me if I,m smoking crack.

The deal isn,t really $175 per share.  It,s $175 LESS the taxes that will
have to paid (since it,s a purchase deal) PLUS the value of the tax shield
created by the net increase of $8.9B in new debt that Paramount will take
on.  Does this seem right?  Could folks look at my spreadsheet?  I,ve got it
conceptually set up, but I,m not quite sure how to calculate the taxes paid
under the purchase method or the value of the tax shield (assuming that this
is correct.  If I,m just completely out of it with this angle, just let me
know.  In any case, seems that there,s some value in the tax-free
(Time-Warner) versus the taxable (Time-Paramount) deals.  Presumably, we
could take the total enterprise value of Time-Warner (nontaxed) and compared
it to the total enterprise of Paramount-Time (taxed) and compare the two.  I,
ve got a hunch that the Time-Warner number may win the day, but I haven,t
gotten that far in the crunching yet.

In any case, I,ll be back around Noon tomorrow and will crank the puppy out.

Best,
Jeff


thanks. planning to have a few days off this week but not going anywhere. can call you from home. will fix up with Karen tomorrow.
dp

-----Original Message-----
From: Buy, Rick
Sent: Monday, August 20, 2001 5:14 PM
To: Port, David
Subject: RE: Pug's Fax

Good thoughts. I'll call you on this so we can figure ot how to proceed. Need to involve Lay before any answer back to Pug. Rick

-----Original Message-----
From: Port, David
Sent: Mon 8/20/2001 2:07 PM
To: Buy, Rick
Cc:
Subject: Pug's Fax

Here are my thoughts on some of Pug's comments (Karen has faxed the memo from Pug I believe):

1       Roles of Audit and Finance Committees

I agree with the distinction he draws and I don't see why the entire Board should not see risk/return information.  We can tweak the policy to bring this to the fore.

2       Post-Audit

I'll talk to Gorte

3       Capital Allocation

Complex. Charges for risk capital would not be as difficult as allocating funding. Building balance sheets is key.

4       Trading Limits

In my last tome I have effectively limited the use of D-VaR to the levels specified by the concentration buckets, so I think we have satisfied that concern.

With position limits I would argue that ones needs them where VaR does not "callibrate" well, for example with Steel trading where there is no observable options market, you need more metrics to tell you about the risk. Conversely in US Gas I think the market is fairly deep and the VaR tells us much about the risk. Also, in a similar fashion to "model approval" under Basle Capital Adequacy rules, the quality of the risk administration process and other controls could make us more comfortable about just using VaR.

5       Reporting

Policy Section 4.1.2.3.1 talks about violations and notifications. He is asking should he not be called for a five day loss (c) and an ETL excess (d), in addition to the usual corporate VaR breach and one day loss > VaR. I think the five day loss actually would warrant a Pug call because under the new method (5 day loss > 225% of VaR), the number could be very large (but also less likely). For ETL I would advise against having a Pug call on this since we still need to get the metric bedded down properly (and all the usual arguments about the math played out).

The phrase "at their discretion" to which he refers means that the Risk Committee can tell who they like about violations, as they deem necessary - so its just built-in flexibility.

6       Liquidity

We are cranking this right now.

Other news

Gas off approximately 15c across the strip today - Friday was quiet.
George has made $9m over the last 5 days as crude has come off 50 - 60c
ENE is $36 (horrible)

DP


That is fine, but I do have to get Cameron today, so let Shanna know. Thanks. Mich
--------------------------
Sent from my BlackBerry Wireless Handheld (www.BlackBerry.net)


Jeremy,

I don't have access to run this book.  Will you please get me authorization?
Thanks.

DG


Paul,  Attached are the Greeley Docs.  They include:

Master Firm Enfolio
Confirmation to Enfolio
Letter Agreement governing the Transport and Storage Arrangements

Please forward to the appropriate persons at Greeley.


- 12-27-2001.xls


Please provide interview feedback (YES, NO, MAYBE) on the following
candidate(s).    If NO, briefly state why and include if this person is still
a good fit for Enron and we'll search other opportunities for them.    If
MAYBE, give time frame of when you'll have a final answer.     (All NO
external candidates will receive a "Decline" letter.  If internal, a phone
call from me).

Joy M. Werner, interviewed on Thursday, May 10, 2001
Meghan Watkins, interviewed on Wednesday, May 9, 2001

Thanks,
Jamie Wachel
Enron Staffing


Has this ever come in?  Can someone please respond to Jennifer?  Thanks!
 -----Original Message-----
From: 	Mcquade, Jennifer
Sent:	Monday, November 05, 2001 2:39 PM
To:	Jones, Tana
Subject:	Gases y Graneles (Gasmar)

Tana,
Just wondering if you ever received the credit worksheet for this counterparty. This is the company that Lee Jackson in NGLs is so eager to get online.

Thanks,
jennifer


Fred, sorry for not getting back to you sooner, but I understand you were in communication with Mark Taylor.  Thanks for the quick turn around and excellent and thorough analysis.  I have both read and understand the analysis.  I am somewhat concerned regarding the final comment regarding ASC's scrutiny of EOL, but other than being careful, I am not sure what we can do.

With respect to transactions with counterparties who are not "Qualified Parties", it is almost inconceivable given the breadth of the "commercial user" exemption and the representations obtained in our contract that we would ever transact with a counterparty which is not a Qualified Party.

Regards, Peter

 -----Original Message-----
From: 	"Wilma Quan-Forsyth" <wquan-forsyth@cal.stikeman.com>@ENRON
Sent:	Friday, October 12, 2001 3:26 PM
To:	Taylor, Mark E (Legal); Keohane, Peter
Cc:	Keith Chatwin
Subject:	ENRON ONLINE RE: ENHANCED LIMIT ORDER OPTION

TO:  Mark Taylor and Peter Keohane

Further to our telephone conversations of last week, please find enclosed a memorandum confirming our analysis.  Please call either myself (403.266.9016) or Keith Chatwin (403.266.9088)  if you have any questions.  Regards.

G.F. Erickson
October 12, 2001

Wilma Quan-Forsyth
STIKEMAN ELLIOTT
4300 Bankers Hall West
888 - 3rd Street S.W.
Calgary, Alberta  T2P 5C5
Phone:  403.266.9026
Fax:  403.266.9034
wquan-forsyth@cal.stikeman.com

 - 40L301!.DOC


fyi
----- Forwarded by Steven J Kean/NA/Enron on 12/27/2000 10:02 PM -----

	Robert Hill
	12/27/2000 11:23 AM

		 To: Steven J Kean/NA/Enron@Enron
		 cc: Cynthia Sandherr/Corp/Enron@ENRON, Bill Cordes/NPNG/Enron@ENRON, Beth
Jensen/NPNG/Enron@ENRON, Stanley Horton/Corp/Enron@Enron, Paul
Miller/NPNG/Enron@ENRON
		 Subject: Bush Energy Policy & Powder River Basin

Hello Steve,  I hope you and your family had a great holiday.  Steve, I heard
on a talk show that the Bush Energy Policy would tackle such topics as
Alaskan Gas, ANWR and also would mention the Powder River coal bed methane
play.  I would like to get a copy of the Energy Policy when it becomes
available.   I would also like everyone to be aware of the large investments
made and planned by Northern Border Partners in the Powder River and Wind
River Basins of Wyoming.  In addition, the Denver office of Enron North
America has a large stake in gas trading in the Rockies.   Everything
considered, the development of Rocky Mountain gas reserves, including the
gathering and pipeline infrastructure will be less controversial than ANWR
and will get gas to markets much sooner.  For example, Northern Border
Partners expects to file at the FERC by the 3rd quarter of 2001 for the Bison
Pipeline project which will connect Powder River reserves to NBPL in 2003
(versus 2007 for Alaskan gas).  You can see the latest on the Bison project
at Inside FERC, December 18th page 5.

One pending federal action that would do much to enhance coal bed methane
production, is the completion of an EIS  presently being prepared by the
BLM.   The timely issuance of a favorable EIS would open thousands of federal
acres in Wyoming and Montana to drilling by coal bed methane producers and
would assist gas in getting to market within Bush's first term in office.
I hope Enron and the new administration can set Powder River gas as a
priority item in the coming year !


Dear Judy Townsend,

---------------------------------------------------------------------
Subject: Thank you for your participation

Thank you for participating in today's event.

Should you need any assistance, please feel free to reach us through our toll free telephone support line at 1-866-2PROCURE (1-866-277-6287) or 813-864-8134 or via email at auctions@enporion.com

Thank you,

Enporion Auctions Team

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

Thank you for your business with Enporion.

Sincerely,
Enporion

Visit us on the web at: http://www.enporion.com

Note: Date & time are displayed in  Central Time (US & Canada)


We are beginning the development stage of our Consolidated Gas System - Reporting project and we need to get more detailed information about the location of data that is being pulled in WeaponX presently.  The majority of the reports we have been able to locate in ERMS but there are a couple where the data has not been found.  We need to map the present location of the data to ensure all information will be in the new system.  We would also like to go through a calc (step-by-step) to ensure all necessary pieces will be included in the new system.

We are requesting one representative from Risk Management be present to answer a few questions.  A data architect and a developer will be present to ask necessary questions to get off to a good start.  Please let me know who will be available from the Risk side.

Thank you.


-----Original Message-----
From: Crenshaw, Shirley
Sent: Wednesday, August 15, 2001 7:41 AM
To: Dupont, Anita; Carol Fuentes (E-mail); Irene Yoars (E-mail); Heathman, Karen K.; Thibaut, Marie; Virginia & Harold Melville (E-mail); Kaminski, Vince J
Subject: Does this sound familiar?

Thought you would enjoy this!

There were these two elderly people living in a  Florida
mobile home park. He was a widower and she a widow.
They had known  one another for a number of years.

Now, one evening there was a community  supper in the big
activity center. These two were at the same table, across
from one another. As the meal went on, he made a few admiring
glances at  her and finally gathered up his courage to ask her,
"Will you marry  me?"

After about six seconds of 'careful consideration,' she answered.
"Yes. Yes, I will."

The meal ended and with a few more pleasant exchanges, they
went to their respective places.

Next  morning, he was troubled. "Did she say 'yes' or did she
say 'no'?" He  couldn't remember. Try as he would, he just
could not recall.    Not even a faint memory.

With trepidation, he went to the telephone and called  her.
First, he explained to her that he didn't remember as well as
he used  to. Then he reviewed the lovely evening past.     As
he gained a little more  courage, he then enquired of her, "When
I asked if you would marry me, did  you say 'Yes' or did you
say 'No'?"

He was delighted to hear her say,  "Why, I said, 'Yes, yes I will'
and I meant it with all my heart." Then she  continued, "And I
am so glad that you called, because I couldn't remember  who had
asked me."


Luckily, we will have input re. the exhibit, and if SoCal does not cooperate
to make it accurate, we will be able to file our own with an explanation.
Lad is such a weasel.  Why don't we try to talk sometime this a.m.

"mbaldwin" <mbaldwin@igservice.com> on 06/11/2000 11:11:13 PM
To: "Susan Scott" <sscott3@enron.com>, "Jeff Fawcett" <jfawcet@enron.com>
cc:

Subject: Socal Receipt Point Exhibit

Well unfortunately, Ladd managed to confuse the judge as to the Upstream
capacity into the Socal system. In doing so he has potentially opened up a
"real" danger for TW at Hector Rd. and again completely left out of his
testimony S.Needles aka Topock capacity of 200 mmcfd. Now Socal will try to
poll the parties so as to prepare a consensus Exhibit that will put "fact"
to the upstream capacities into the Socal system. Well, I fear that the
other pipeline lines will shape the facts to their agendas and we will have
a distorted landscape into the Socal system. The downside I perceive is that
the judge will 1) want to Let the Market decide via increasing the maximum
receipt point capacity allowed  or 2) want further comments on the entire
Socal receipt point capacity structure. These two onerous outcomes can be
avoided if the judge receives a consensus Exhibit(at least from the
Settlement parties) that is explained in a consistent manner  and with
common terms. For example, if we look at just FERC capacities in lieu of
perfect design capacities we might calm down these issues.

We will likely lead this process for the CSA parties, Lets discuss Monday
morning. Hope everything went well in Florida, especially you Jeff . I hope
you just banged up your pride and not your body to badly.

Mark, IGS


Attached are the documents for our meeting on Nov. 11  at 7:30 am at Paul's office.  Mark Day is the head of Merrill Lynch's Trust  Co. in Houston. Merrill has developed an alliance with community foundations  around the country, some of which have been very success for all parties, i.e.,  the community foundations, Merrill Lynch and their brokers and clients. I will  be mailing the 3rd quarters investment reults to you. Please confirm to me   your attendance for the meeting.
Thanks, Bob
Robert W. Paddock
Managing Director - Fund  Development
Greater Houston Community Foundation
713-960-1990
bpaddock@ghcf.org
 - Minutes Oct. 3, 2001.doc
 - Invest. Com. meeting 11-14-01 agenda.doc
 - Investment Policy 9-22-99.doc


As requested, here is the December Autoweb.com Newsletter.

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Working with Power Model Forecasts

Recently we have been spending quite a bit of time working with
companies who are using both a power model such as Prosym, GE Maps, or
IREMM, and GPCM.  These power models compute, among other things, the
amount of gas burned at gas-fired or dual-fired generation plants.
These values are frequently then fed back to GPCM as electric generation
gas demands.  The idea was that GPCM would produce the prices for the
various power demand locations which could then be fed back to the power
model for re-calculation of demands.  This iterative process would
produce eventually a solution which was consistent between the power
model and GPCM.  The difficulty with this idea is that the power model
takes too much time to solve to make it practical.

After a lot of thought, I have come up with a different idea which has
greater workability.  I would recommend the following:  instead of
running a single power model case with an expected set of gas prices for
each area, run 3 cases:  essentially a high, medium and low Henry Hub
Price forward price trajectory plus best estimates of future basis to
each power generation gas demand area.  The results will then be three
gas burns at three prices at each location.  We can then construct a
demand curve for each demand location based on those three points.  With
those demand curves, GPCM can solve for an expected price - gas burn
combination which will be an appropriately interpolated value between
the 3 points computed by the power model.

When this is done, one final run could be made using the power model and
the resulting GPCM prices.  It should produce gas burns very close to
the value computed by GPCM and will contain all the information needed
by the power modeling team.

From Enerfax on Thursday (http://www.enerfax.com
<http://www.enerfax.com/> )

AGA Natural Gas Storage Report

            Week                                    Prev

           Ending    Prev                   Prev    Year

| Region | 1/18/02 | Week | Diff | % Full | Year | % Full|

| Prod   |  707    |  733 | -26  |  74%   |  312 |  33%  |

| East   | 1319    | 1396 | -77  |  72%   |  816 |  44%  |

| West   |  379    |  400 | -21  |  75%   |  241 |  47%  |

| Total  | 2405    | 2529 |-124  |  73%   | 1369 |  42%

Bob Brooks

GPCM Natural Gas Market Forecasting System

http://gpcm.rbac.com <http://gpcm.rbac.com/>


Group,

Effective January 31st, Collin will be leaving the real time group and
transferring to IT.
We wish Collin success in his new endeavors.

Bill


Yes,
 We are sending them our form of master and preparing our form of GISB.  We
will incorporate some of their
GISB addendum items, but not all.  I will let you know when we get a
response.  I assume that you are referring to UGI, am I correct.

	Robin Barbe
	02/02/2001 12:31 PM

		 To: Dan J Hyvl/HOU/ECT@ECT
		 cc:
		 Subject: Re: Contracts

have you looked at these contracts yet?


Sara,

Please see the attached spreadsheet of the Convertible and Credit Trades in
the name of ECT Investments. We are making an effort to complete our working
files. Please provide us with a copy of the documentation file for the
referenced assets highlighted in green.

Feel free to call or e-mail me and I will be happy to swing by and pick them
up.

Thanks in advance!

Jorge A. Garcia
Manager- Risk Management
ENA
(713) 853-5596


Kate,
Good morning, hope you had a good weekend.
I have run the SAR for Friday's West-BOM piece.  The SAR and INC sheet are matching if the 42 mw purchase from the imbalance at $44 is factored in--Remember, we were cut for HE 10 when Palo Verde 2 went down, this is a RT cut and is not in CAPS. Please make sure that the $44 is accounted for under ST-WBOM in the Volume Management flash.  You may want to walk over and "remind" them of this.

I am running the SAR for Saturday through Monday.  Hopefully everything will work.  If you need anything over the next few days, give me a call on my cell.
John Anderson will be in at 8.  Could you also look into getting him set up with his access to our systems.

Thanks,
Bill


Good morning, everyone!  Thank you for completing last week's assignments
and/or promptly communicating your status to me. This is a reminder that
your topic assignments for this week are due by the EOD this Friday,
10/19/01.  Please send them to Monica at email address:
Monica.L.Brown@Accenture.com

Assignment Status:
Berney Aucoin: 1/1 Complete
Andy Lewis: 1/1 Complete
Mark Reese: 1/1 Complete
Dutch Quigley: 0/1 Incomplete. ETC: this Friday for both assignments.
Ed McMichael: 0/1 Incomplete. ETC: this Friday for both assignments.

Important Notes / Helpful Hints:
****1. Please note in your assignments when you use additional resources
other than the BRM course material and your own knowledge. This will
significantly help us deter any copyright infringements. Thanks
2.  Although you are ultimately responsible for these assignments, you can
ask people who work for you to help you with them. Please keep in mind that
if you choose this method, you should review the content before handing in
the assignment.

Finally, and most importantly, please keep in mind that the completion of
these assignments significantly impacts the ability of our BRM project to
stay on schedule and within budget. If you are unable to complete this
assignment, please notify me or Monica ahead of time and provide an
estimated time for completion.

Thank you and keep up the good work!

Sheri A. Righi
Accenture
Human Performance Service Line
Hartford - One Financial Plaza
Direct Dial: 860 756 2245
VPN & Octel: 765 2245
e-mail: sheri.a.righi@Accenture.com

This message is for the designated recipient only and may contain
privileged or confidential information.  If you have received it in error,
please notify the sender immediately and delete the original.  Any other
use of the email by you is prohibited.


John,

It appears that you have StackManager up an running.  Discretion being the better part of valor, I will put the code update on hold pending an okay from you.  I will be in early tomorrow morning and coordinating with your desktop support staff as well.  Thanks.

Chris

 -----Original Message-----
From: 	Jeska, Christopher
Sent:	Monday, November 26, 2001 5:20 PM
To:	Arnold, John
Subject:	EOL Code Update

John,

I am performing code updates to the stand-alone EOL workstation WNAEOL-48101 this evening and wanted to check with you to see at which point it would be convenient for you.  I assume after the business day would be acceptable and my intent is to start near 6:00 p.m. or, at any time you decide is convenient for you.
I called a short while ago and will do so again before proceeding, but if you receive this email and need to contact me, you may reach me at extension 5-7004.  Thanks.

Chris Jeska
Terminal Server Operations.


Dear Nancy:
I am not resonsible for Prentice's failure to respond.  Please contact her at
415.752.2277.
Yours truly,
Jeff

And by all the notes your sending (jokes, 50s cook books, etc.), I assume
that you're still on vacation?  How was Mexico?

	Nancy Sellers <Nancy.Sellers@RobertMondavi.com>
	09/26/2000 05:04 PM

		 To: "'Prentice @ Berkeley'" <PSellers@haas.berkeley.edu>, "'Prentice
Sellers'" <PSellers@pacbell.net>
		 cc: "'Jeff Dasovich'" <Jeff_Dasovich@enron.com>
		 Subject: Please please answer me

I need to know about October 7 ASAP ---- or forget any gifts much less
lavish!

Nancy
(707) 251-4870 (phone)
(707) 265-5446 (fax)
"Plus je bois, mieux je chante"


__________________

 I have arranged a meeting at Enron's offices with Jim Derrick on
Monday May 7 from 10 to 11 for Stephen York, Ben Sheppard and other members
of Vinson & Elkins International Arbitration and Litigation Practice Group.
Stephen York who will join our London office as a partner in May is an
experienced UK solicitor who began his legal career with Slaughter & May,
spent 7 years in Hong Kong and most recently headed Hammond Suddards
arbitration practice in London.  Jim asked if I would contact each of you
about your availability that morning. Please let me know and I will work
with Stephanie Harris to arrange a location.  Thanks  Joe Dilg
PRIVILEGED AND CONFIDENTIAL:
Contains attorney-client communications
and/or attorney work product

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


Comments on this?


CALENDAR ENTRY:	APPOINTMENT

Description:
	 Staff Mtg. Conference room EB4102

Date:		4/9/2001
Time:		10:30 AM - 1:00 PM (Central Standard Time)

Chairperson:	Outlook Migration Team

Detailed Description:


-----Original Message-----
From: 	Johnston, Robert
Sent:	Wednesday, September 12, 2001 7:12 AM
To:	Lay, Kenneth; Frevert, Mark; Mcconnell, Mike; Sherriff, John; Brown, Michael - COO London; Shankman, Jeffrey A.; McMahon, Jeffrey; Bowen Jr., Raymond; Lavorato, John; Kitchen, Louise; Seyfried, Bryan; Fiala, Markus; Kinneman, Jeff; Gonzales, Eric; Whitehead, Jonathan; Nowlan Jr., John L.; White, Bill; Schroeder Jr., Don; Maffett, Randal; Sekse, Per; Presto, Kevin M.; Belden, Tim; Heizenrader, Tim; Grigsby, Mike; Allen, Phillip K.; Kaminski, Vince J; Bradley, Michael; Kean, Steven J.; Robertson, Linda; Shapiro, Richard; Hirl, Joseph; Thirsk, Jeremy; O'Day, Nicholas; Greene, John; Fuller, Robert; Gordon, Michael; Tholan, Scott; Roth, Jim; Fitzsimmons, Brendan; Seigle, Clayton; Whitman, Britt; Aganon, Rommel; Landry, Kimberly; Holman, Kelly; Walsh, Kristin; Turner, Nancy; Lawlor, Dave; Kemp, John; Brindle, John; Cromley, David; Ewald, Laura; Scott, Eric; Reed, Andrea V.; Garner, Bruce
Subject:	Competitive Analysis Update #4- US Terrorism Attacks
Importance:	High

Report is divided into Market Updates; Transportation/Infrastructure Updates; and Political Updates.  For further information, contact:

Robert Johnston x39934
Clay Seigle x31504 (oil/politics)
Brendan Fitzsimmons x34763 (financial markets)
Kelly Holman x39844 (gas/power infrastructure)

A.	Market Updates

U.S. Markets

?	NYSE and NASDAQ officially closed today.  First time NYSE closed on consecutive days since WW2.  Equity exchange officials to conference call later today to determine restart.
?	NYMEX officially closed today.  No new information on restart.
?	CBOT and CME officially closed today.  No new information on restart.
?	The Group of Seven (G-7) major countries are in talks on emergency policy coordination to prevent further turbulence in global financial markets following the terror attacks against the United States.  No official word yet on coordinated intervention.
?	Lower Manhattan trading infrastructure devastated, but generally backed-up offsite.  Clearinghouse Interbank Payment System (CHIP) continues to operate.
?	Key World Trade Center losses affect insurance, metals trading, major financial houses.  Biggest victims include MSDW, Cantor Fitzgerald, Mizuho Holdings, Bank of America, AON, Lehman Brothers
?	Congress to resume budget debate today; new focus on defense and intelligence spending; likely calls for further fiscal stimulus to reassure consumers.
?	AGA offices in DC to reopen today. AGA report on weekly storage data scheduled for today.

Japan Overnight

Nikkei ended down 6.6% at 9610; TOPIX down 6.4% at 990.80
Nikkei below 10,000 and lower than Dow for first time since 1950s, now at Dec 1983 levels (w/o accounting for Mar. 2000 tech re-weight); more importantly, the TOPIX went through and closed below 1000 breaking down to early 1998 financial crisis lows.
Citibank market operations "normal," and no problem with settlements today despite evacuation of NY office
Japanese officials report no discussion of FX intervention but that cooperative G-7 intervention available if necessary; BoJ injected Y2 trillion to provide liquidity
Next regular BOJ policy meeting Sept. 18-19.

Europe
?	Currency trading is steady, with the dollar holding firm in European trading.
?	European bourses experience volatility, but drift into negative territory on thin trading.  Institutional investors are largely sidelined.  US stocks cross-listed on European exchanges were hit hard, especially airlines, insurance, and financials.

Oil Markets

?	Some brokers think it likely IPE Brent trade willinish early, around 1630 GMT, Wed in the absence of Nymex.
?	Bearish Factors: Suspension of commercial air travel and possible mass cancellations once resumed; Falloff in energy demand due to shut businesses; Possible decline in equity markets and renewed fears over recession
?	Bullish Factors: Fear of increased Mideast instability; Possible stockpiling of jet fuel for military use
?	As of this morning, bearish factors seem to have the edge, with Brent Crude trading lower in London.  Bullish factors will depend on how the investigation/response develop
Canada

?	Provincial, territorial and federal mines and energy ministers cancelled the second day of their two-day meeting in Quebec City.
?	Toronto Stock Exchange expected to remain closed today.

B.	Transportation/Infrastructure Updates

Gas/Power Infrastructure

?	The US Nuclear Regulatory Commission placed all nuclear power plants, research reactors, nuclear fuel facilities and gaseous diffusion plants on the highest level of security alert Tuesday.  No companies have reported a curtailment of generation as a result of yesterday's attack.
?	According to the NY ISO (Independent System Operator) the NY grid was functioning normally following the attacks on the WTC.
?	ConEd went into a "thunderstorm alert", increasing in-city generation.  Electricity, gas and steam service was suspended in an area in SW Manhattan.
?	Natural Gas Intelligence is quoting a source that a force majeure could be declared by pipeline operators as a result of  "confusion regarding accurate registration of nominations."  No other confirmation was available.
?	The Interstate Natural Gas Association of America, which represents the nation's interstate natural gas pipelines, sent out an advisory urging its members follow procedures to increase security.
?	Kinder Morgan's Natural Gas Pipeline Company of America (NGPL) froze the status of its flowing gas volumes no longer accepting any changes to confirmed and scheduled volumes.  Gas scheduled for Tuesday, Sept. 11 will roll forward and this situation will continue until further notice.
?	Enbridge, Alliance, and TransCanada report increased security along pipeline facilities, but no expectations of supply/delivery interruption
BPA operating on skeleton crew.  All non-essential personnel was evacuated, however, no threats against the hydro generator have been issued.
FERC cancelled regular Wednesday meeting, not rescheduled.
Authorities in Chicago barricaded the entrances to power plants and pumping facilities with concrete blocks and heavy trucks.
?	Grand Coulee Dam and powerhouse in Washington state operational, but locked down
?	Hoover Dam on Nevada-Arizona line is locked down.

Refineries/Crude/Products

?	Tosco refinery in Linden NJ closed.
?	Force Majeure likely to be declared by major crude product receivers in US ports;
?	LA/Long Beach inspecting all incoming shipping-all incoming ships anchoring seven miles outside port.
?	Louisiana Offshore Oil Port operations suspended pending security inspections.
?	Reports
?	Despite these problems, The American Petroleum Institute announced overnight that US energy markets were continuing to function smoothly, with oil deliveries "flowing normally" to the country's wholesale and retail markets.

Telecommunications

?	Verizon switch on 10th floor of World Trade Center gone; 50,000 Manhattan lines taken out; Sprint and Verizon report all other data system busy, but operating normally

Air Travel

?	FAA ban on outbound flights until noon EST today at the earliest.
?	Huge logistics headaches and delays expected by airlines and air traffic controllers once US flights resume.
?	Air cargo delays considerable due to rigorous inspections.

Maritime Transportation Conditions

?	St. Lawrence Seaway reopened.  Coast Guard inspections stepped up.
?	New York Port closed, not receiving refined projects- Colonial Pipeline deliveries expected to "catch big premiums."

Border Crossings

?	Security at all US-Canada border crossings on maximum alert.  Bridges/tunnels closed.  Freight forwarders reporting that freight movements over the border have slowed to a trickle.
?	Rail freight moving normally across Canada-US border.
?	US-Mexico border reopen, but subject to delays and inspections on US side.  Mexican officials request that Mexican citizens delay trips to the US.

Political Update

International

US Arab allies (Egypt, Saudi, Jordan, Kuwait, UAE) walking a fine line.  Masses believe US got what it deserves, but leaders have to condemn attacks to maintain relations with Washington.  Moderate Arab leaders are concerned that support for attacks at home -- and possible US reactions to strike -- will increase instability and could lead to major upheaval in their countries.  Saudi sources expect "state of confusion" to exist for immediate period ahead.

In the West, no intelligence or law enforcement agency has anything concrete yet. Everything is therefore speculation, albeit logical speculation. Most importantly, the sophistication means someone bigger than bin Laden was involved, even if he was the final perpetrator.

Oil Politics

OPEC's Rodriguez has reassured oil markets on supplies, but no high-level Saudi officials have officially echoed this sentiment (nothing from Oil Minister Naimi).  Unofficially, we have reports that Saudi officials reporting that the terrorist incident "relieves pressure on us to make anti-US moves" in oil policy.


So is the barn up yet?

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


Cos 18 and 51 are the only ones I am familiar with and they cannot be
dissolved. I am not familiar with the other cos, but I have asked Linda Guinn
to confirm that there are no cases pending against them.

To: Barbara Gray, Richard Sanders, Sandi Braband
cc: Pam Becton/HOU/ECT@ECT, Deb Korkmas/HOU/ECT@ECT
Subject: Re: ENA legal entities

Pam would like our feedback on the following.  I imagine cos 18 and 51 are
litigants that can't be dissolved.  I know that the Trading Desks use co 446
for capacity release deals involving ENA.  The others may be in position to
be dissolved, but I don't want to respond to Pam without your feedback.

Thanks

Steve

Pam Becton
02/03/2000 02:19 PM
To: Steve Van Hooser/HOU/ECT@ECT
cc: Greg Whiting/Corp/Enron@ENRON
Subject: ENA legal entities

Steve,

I am currently working on the SAP project, and need to know if the following
ENA legal entities can be dissolved, or if there is a legal reason to keep
them around.  Deb Korkmas mentioned that you may be able to help me with
these.

18 Intratex Gas, Co.
51 Panhandle Gas Co.
54 Enron Industrial Natural Gas, Co.
58 Houston Pipe Line Marketing, Co.
72 Enron Texoma Gas Co.
446 Enron Administrative Services, Corp.

Please call me at your earliest convenience to discuss.  If there is a legal
reason to keep these entities, we need to get them set up in SAP as soon as
possible.

Thank you,
Pam
3-6595


SIVY ON STOCKS from money.com
May 7, 2001

Higher Flyer

Top techs such as Nokia may not look cheap by traditional valuation
measures. But they may still be good buys.

By Michael Sivy

Value is a relative term. Every once in a while, you get a chance to buy
shares in a company with annual earnings growth of more than 20 percent at
a price/earnings ratio of 16 or less. But that doesn't happen very often.
Most of the time, conservative investors are lucky to find 14 percent
growth at a 16 P/E. Slightly more aggressive investors might be happy with
18 percent growers at P/Es in the low 20s. The most successful growth
stocks, however, may never fall all the way down to those cheap valuations.
But that doesn't mean you shouldn't buy them.

In fact, there are good reasons to devote at least a part of your portfolio
to those kinds of high flyers. For one thing, those companies are typically
among the world's most successful. In addition, they receive ongoing
support and sponsorship from Wall Street analysts. As long as they continue
to meet expectations, they will hold up fairly well in temporary market
downturns. And they will be among the first stocks to bounce back.

A perfect case in point looks to be Nokia [NOK]. The Finnish giant is the
most successful firm in one of the world's most rapidly growing industries.
And since 1997, Nokia's share of the global wireless-phone handset market
has risen from less than 20 percent to 35 percent, helping the company
nearly double earnings per share since 1998.

Of course, no company can increase its market share indefinitely, but there
are several factors that should help sustain Nokia's superior profit
growth. Since most everyone who would use a cell phone already has one, the
bulk of the sales of cell phones using existing technology is replacement
business. And when existing users switch phones, they tend to maintain
brand loyalty -- if they change providers at all, they migrate toward the
strongest one (say from Ericsson to Nokia, but not the other way around).
As a result, Nokia could gain another couple of market share points in
current-technology handsets.

Even more important, the company is capable of attaining a market share
topping 40 percent in the next generation of handsets -- both those that
use more sophisticated technology for voice transmission and those that
will provide paging, instant messaging, and Internet access. Overall, the
handset market is projected to grow at an annual compound rate of just
under 23 percent over the next four years. And with market share gains,
Nokia's sales should do even better.

In the past few quarters, the over-capacity problems that have plagued the
telecom industry have been hurting handset makers as well as service
providers. Not only has growth slowed -- total sales of cell phones were up
only 12 percent in the first quarter -- but the introduction of new
technology is being delayed. As a result, Nokia's earnings, up just 15
percent in the first quarter, will likely fall short of a 20 percent gain
for the year as a whole.

Once the current slump passes, however, Nokia's growth should recover to
nearly 25 percent a year. And so, despite a P/E of 40 based on estimated
earnings for the current year, the stock seems quite attractive. At $33,
Nokia is trading at just over half the level it was a year ago. And the
share price, which dipped as low as $21 a month ago, now appears to be in
an upswing. Even if the next couple of quarters show subpar results, Nokia
figures to be back among the market's brightest stars within 12 months.

###

Post your comments on Michael's column at:
http://www.money.com/depts/investing/sivy/index.html

To subscribe or unsubscribe to Sivy on Stocks, go to:
http://www.money.com/email/

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?
?	VentureWire
	Monday, June 04, 2001		?
?	CONTENTS | COMPANIES | INVESTORS | ADVERTISE | TELL A FRIEND	VentureWire Index
		'VentureWire
		today: 684.6 ? +0.07%	?
?

		top stories

		  Matrix Partners Raises $1 Billion Fund
		  Atom Shockwave Says 'Game Over' to Some Staff
		  Sevin Rosen Teaming Up With N. Va. Firm
		 Imaging Tech Firm NuCORE Raises $20 Million Series C

		TODAY'S FEATURES
		Week in Review: VC Fallout Continues, Bertelsmann Stays in Tune
		By Daniel Boylan
		With venture capital returns plummeting, LaunchCenter39 (LC39) Venture Group
has decided its investors will be better off with their money back rather
than risking losing it all. more>>
		UPCOMING EVENTS
		June 26-27: San Francisco
		Enterprise Outlook 2001
		Investment remains strong in enterprise software with over 250 deals so far
this year! Listen to Dick Shaffer's interview with ON24 discussing analysis
of this industry and previewing the upcoming Enterprise Outlook. Only 3 weeks
until Enterprise Outlook, so register today!

		Outlook for the Venture Capital Market
		* 20th Univ. of Michigan Growth Capital Symposium, June 19-20
		* Meet with LPs and GPs of successful funds. Interact with
		execs from life sciences, MEMS, Telematics & IT firms
		* Outlooks include Kleiner Perkins Caufield & Byers,
		Draper Fisher Jurvetson, State of Michigan Pension Fund.
		* Connect with the Center for Venture Capital and Private
		Equity Finance at the University of Michigan --- serving
		the institutional VC community for 20 years.
		* Call 734-936-3528 or view the Center's website for
details:http://www.umich.edu/~cvpumbs

		new money

		  Clearswift, Formerly Net-Tel, Raises $9.6 Million A Round
		  SPS Commerce Raises $10 Million in Round Four
		  Transportation App. Firm Kizoom Gets $2.1 Million Round One
		  Power Technology Firm Cheng Power Raises $3 Million
		  Records Management Software Firm iWitness Has $11M Round Two
		  Micro-Electro Mechanical System Firm PHS MEMS Raises $26.3 M
		  Johnson & Johnson Backs Nanoparticles, Polymer Firm Alnis
		 Wireless LAN Firm Service Factory Closes Second Round
		 Biotech Firm Vasca Raises $19.6M in Series F Financing
		  CML-ATC Technologies Picks Up $2M in Round Two
		  German Venture Firm bmp Increases Stake in indecom By 25%
		  IBT Technologies Raises $4.8M Series C, Appoints President
		  Cadant Announces Funding, New CEO, and 15% Layoffs

		bad news

		  B2B Commerce Platform for Media Ads, eMadison.com, Closes

		new deals

		  Venture Frogs Sells drugs.com Domain Name

		new products

		  Professional Services Automation Firm PrimeActive Launches
		  With Cenetec Funds, Brokerage Renamed Innovation Capital
		 Enterprise Software Firm Bodha Launches First Product

		m&a

		  Barclays Private Equity Backs MBO of Recruitment Solutions

		new people

		  Optical Access Firm Native Networks Appoints CEO
		  Media Tech Firm EnterTec Group Names Dror Chevion President
		  Comprehensive Software Systems Names New President & CEO

		vc fund news

		  New Zealand Gov't. Launches $40.9M Early-Stage Fund
		 Silicon Valley Bank Forms New Seed Capital Practice

		vw corrections

		  Accumedia

		 TOP STORIES... NEW MONEY... BAD NEWS... NEW DEALS... NEW PRODUCTS... M&A...
NEW PEOPLE... VC FUND NEWS... VW CORRECTIONS

		top

		When it comes to money, it's evolutionary.

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		technology-driven companies, who are altering the landscape
		from global markets to reinsurance, trade credit to risk
		management.

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		Check out the latest industry updates and hear the
		best of the best give their views on market opportunities.
		Register before June 19 and SAVE
$100:http://www.financialservicesoutlook.com/register.asp

		 top stories
		?
		Matrix Partners Raises $1 Billion Fund
		 mail? top

		 WALTHAM, Mass. (VENTUREWIRE) -- Matrix Partners, a Waltham, Mass.-based
early-stage venture capital firm, has closed on a fund of $1 billion,
VentureWire has learned. The new fund is the firm's seventh. The firm
confirmed that it has raised the new fund but declined to make further
comment until making a formal announcement, which it plans to do this summer.
Matrix closed its last fund in 2000, Matrix Partners VI with $530 million.
The firm, which has nine partners and a satellite office in Palo Alto,
Calif., was founded in 1982. Matrix Partners backs companies in the
computing, Internet, networking equipment, semiconductor, software, and
storage sectors.  The firm invests between $100,000 and $300,000 in seed
deals and invests up to $10 million in early-stage rounds. According to
VentureWire data, Matrix is the twelfth venture capital firm to close a fund
this year with at least $1 billion. Apax Partners raised a fund of about $4
billion to target Israeli and European companies, while ten other firms,
including Austin Ventures, Charles River Ventures, Greylock, and U.S. Venture
Partners, closed funds closer to the $1 billion mark. Atlas Venture came in
just short with its $950 million Fund VI in April. In all of last year,
eighteen VC firms closed $1 billion funds. Matrix Partners portfolio
companies include Appian Communications, a Boxborough, Mass.-based developer
of optical networking technologies for communications carriers; Blue Dolphin
Group, a Wayland, Mass. e-mail-based subscription agent that recently cut 20%
of its staff; Lexra, a San Jose, Calif.-based microprocessor developer; and
Sunnyvale, Calif.-based RealChip Communications, which provides custom and
standard chips for communications applications.
		http://www.matrixpartners.com

		Atom Shockwave Says 'Game Over' to Some Staff
		 mail? top

		 SAN FRANCISCO (VENTUREWIRE) -- AtomShockwave, an online entertainment and
content distribution company, said it was restructuring the company and has
terminated some of its staff. The company said an undisclosed number of
employees were let go on Friday. The company, which was formed by the
December 2000 merger of Atom Films and Shockwave, would not comment on
whether employees received severance packages. AtomShockwave said the cuts
were part of an effort to help the company reach profitability sooner but did
not say when profits were expected. The company, which raised $22.9 million
in March, said it will now focus more on sydication, advertising,
sponsorship, and e-content, and less on content creation and development.
AtomShockwave's backers include Allen & Co., Arts Alliance, Chase Capital
Partners, Intel Capital, J.P. Morgan Entertainment Partners, Macromedia
Ventures, Sequoia Capital, Trans Cosmos USA, Warner Bros. Online, WaterView
Advisors, and individuals.
		http://www.atomfilms.com
		http://www.shockwave.com

		Sevin Rosen Teaming Up With N. Va. Firm
		mail? top

		 PALO ALTO, Calif. (VENTUREWIRE) -- To get a heads-up on new deals, early
stage venture firm Sevin Rosen Funds is setting up a formal relationship with
a venture firm in Northern Virginia. Steve Dow, a general partner at Sevin
Rosen, declined to name the firm but said the relationship is likely to
resemble one his firm recently established with Silicon Valley Seed
Investors, a fledgling New York City venture capital firm. According to Mr.
Dow, Sevin Rosen has been on the lookout for areas that "have the potential
to be more interesting over time." In the last year, Mr. Dow's firm, which
has offices in Dallas and Palo Alto, Calif., has opened two new satellite
offices in Austin, Texas and San Diego. The firm has one partner in the
Austin office, while another splits his time between Palo Alto and San Diego.
The deal with the Virginia firm will likely be the end of Sevin Rosen's
expansion. "I would be shocked if you see us opening anymore [offices]," said
Mr. Dow. He said the firm, which has ten partners, wants to make sure they
have the ability to bounce ideas off one another. "Unlike with law firms,
it's not always clear how you should scale an early stage venture capital
firm," he said. Founded in January, Silicon Valley Seed Investors, which
focuses on early stage high tech companies in the New York metro area, raised
$30 million from three venture firms: Canaan Partners, based in Rowayton,
Conn., Rho Management, based in New York, and Sevin Rosen. Each firm
contributed $10 million to the firm's first fund. As part of the deal, Sevin
Rosen Funds gets an early look at Silicon Valley Seed Investors deals. Should
all three of the investing firms want to take part in the same deal, Mr. Dow
said they would each receive equal shares of the company. While expanding its
early stage relationships, Mr. Dow said Sevin Rosen is also considering
making later stage investments outside its portfolio. He said lower
valuations have moved the firm to think about making some later stage deals,
though no are pending. The firm has made five investments this year, all of
which were either in existing portfolio companies or new early stage startups.
		http://www.srfunds.com

		Imaging Tech Firm NuCORE Raises $20 Million Series C
		 mail? top

		 SANTA CLARA, Calif. (VENTUREWIRE) -- NuCORE Technology, which develops
digital imaging chips for still and video cameras, said that it raised $20
million in its Series C financing from Sigma Partners, Horizon Ventures,
JAFCO, J.P. Morgan Partners, and Techfund. This round was co-led by new
investors Sigma Partners and JAFCO. NuCORE plans to dedicate the new funds to
staff expansion, as well as to technology and product development. As a
result of this financing, the company has granted seats to Lawrence G. Finch
of Sigma Partners and Jack Carsten of Horizon Ventures on its five-member
board of directors. Also sitting on the board are Chairman Gordon Cambpell of
Techfarm and Melissa Crane of VantagePoint. Although Joe Raffa, NuCORE's CEO,
declined to disclose the company's monthly burn rate, he said he expects the
new funds to carry the company for "at least twelve months, or until
profitability." The company, which maintains offices here and in Japan, has a
team of 60 full-time employees and is actively hiring engineers in the fields
of integrated circuit design, firmware, software, and marketing, as well as
at all levels of management. Headcount is expected to reach 90 by year's end.
In addition NuCORE is seeking strategic partners in the areas of image
sensors, compression, display technologies, and microprocessor technology. In
July 1998, NuCORE raised $3 million in Series A funding led by TechFund, with
J.P. Morgan Capital Partners and NTT Lease Ventures participating. In March
2000, the company closed an $8.7 million Series B led by VantagePoint
Ventures, with Horizon Ventures, J.P. Morgan Capital Partners, and TechFund.
		http://www.nucoretech.com

		 new money
		?
		Clearswift, Formerly Net-Tel, Raises $9.6 Million A Round
		 mail? top

		 HERTFORDSHIRE, England (VENTUREWIRE) -- Clearswift, a provider of e-mail and
content security services formerly known as Net-Tel, said it launched with a
Series A GBP 6.75 million ($9.6 million) from investors including U.S.-based
investment firm 4C Ventures, the British investor Amadeus Capital, and the
Italian venture capital fund Pino Ventures. Amadeus led the round, which
gives Clearswift a post-money valuation of $15 million, according to
Clearswift spokesman, Paul Rutherford. The company will use the funding to
support the restructuring of Net-Tel into Clearswift and the launch of
Clearswift's services in France, Germany, and the U.S. Richard Anton, a
director with Amadeus Capital, will take a seat on the company's board of
directors as a result of the funding. With the help of Amadeus, Clearswift
has assembled a new management team to head the development of its
international operations. Andy De Mari, the founder of the security services
firm ISOCOR that was acquired by Critical Path in 1999, will serve as the
company's chairman, while Don Taylor, former international vice president of
Tumbleweed Communications, will assume the post of chief executive. Two of
the four original founders of Net-Tel, Steven Nokes and John Horton, will
remain with the company in finance and business development, respectively.
Mr. Anton said that salaries represented the company's biggest expense and
that Clearswift expects to raise its Series B round next year. With products
already in the market, Clearswift had been generating revenues prior to the
Series A funding. The company's clients include English retailer Marks &
Spencer, Virgin Group, and departments within the British government.
Clearstream will be launching offices in Boston, Paris, and a German location
still to be determined. The company intends to roll out a new version of its
Mailguard product in July. According to Mr. Anton, Ivan O.Sullivan will head
the Boston office. There were no outside agents involved in the transaction.
		http://www.clearswift.com

		SPS Commerce Raises $10 Million in Round Four
		 mail? top

		 ST. PAUL, Minn. (VENTUREWIRE) -- SPS Commerce, a supply integration service
provider, said it has secured $10 million in fourth round financing. Adams
Street Partners, Axiom Venture Partners, CID Equity Partners, Damac Al Bureka
Investments, Granite Private Equity, and St. Paul Venture Capital
participated in this round. The financing came from existing investors and
was led by CID Equity Partners; post-money valuation decreased since the last
round. New money will be used for building the company's hosted Internet
service infrastructure, expanding strategic partnerships, product
development, and technology purchases. Chief strategy officer, Jim Frome,
said the company expects revenues of between $5 million and $10 million and
anticipates becoming cash-flow positive by early 2002. Next year the company
will begin to consider a public offering or being acquired. To date, SPS
Commerce has raised $43 million.
		http://www.spscommerce.com

		Transportation App. Firm Kizoom Gets $2.1 Million Round One
		 mail? top

		 LONDON (VENTUREWIRE) -- Kizoom, a developer of wireless applications for use
in  transportation systems, said that it raised $2.1 million in a first round
from Dawnay Day Lander. The company plans to dedicate the new funds to
product development. Post-money, the company is valued at approximately $5.6
million. CEO Damian Bown expects that the new funds will carry the company
through to profitability within the next three months. As a result of this
financing, Nick Lander of Dawnay Day Lander has been granted a seat on the
six-member Kizoom board of directors. Kizoom, which was founded in April
1999, derives revenues by licensing its platform to mobile portal operators
and transport companies. Prior to this round the company was backed by
individuals.
		http://www.kizoom.com

		Power Technology Firm Cheng Power Raises $3 Million
		 mail? top

		 ATLANTA (VENTUREWIRE) -- Mirant, a publicly traded energy company, said it
has invested $3 million in Cheng Power, which provides technology designed to
improve output, efficiency, and environmental performance of power generating
systems. The $3 million investment, which was part of a $9 million round of
funding led by previous investor Saw Mill Capital, is Mirant's first since it
launched its venture capital group in January. Cheng Power said it intends to
use the funding to develop and commercialize its products. As part of the
agreement, Bill Harper will join Cheng Power's board of directors. In April,
Cheng raised $3.5 million from Saw Mill Capital in a Series A round.
		http://www.chengpower.com
		http://www.mirant.com

		Records Management Software Firm iWitness Has $11M Round Two
		 mail? top

		 BOULDER, Colo. (VENTUREWIRE) -- iWitness, which provides digital business
records management software, said it has raised $11 million in a second
round. Sequel Venture Partners led the round, with participation from 75 Wall
Street Technology Partners, Geneva Venture Partners, Telesoft Partners, and
World Ventures. As a result of the round, Tim Conner and Victoria Katsov of
new investor 75 Wall Street join CEO Mike Donaldson, Telesoft CEO Arjun
Gupta, and founder and CTO, Frank Lambert, on the board.  iWitness also
expects to add two outside directors from the enterprise software industry.
With this second round of funding, iWitness now has a total of $15 million in
investments. In December 1999 the company closed a first round led by
Telesoft, with participation from Geneva and World Ventures. The company
expects funds from this round will last into 2002, and will be used for
research, development, and marketing and sales, as well as for adding to the
executive team. iWitness will focus on e-mail, instant messaging, and Web
transactions records management. CEO Mike Donaldson said the company expects
to break even in the middle of next year. The company employs 40 and expects
to add 10 to 15 more positions, most in sales and marketing, by the end of
the year.
		http://www.iwitness.com

		Micro-Electro Mechanical System Firm PHS MEMS Raises $26.3 M
		 mail? top

		 PARIS (VENTUREWIRE) -- PHS MEMS, a French micro-electro mechanical systems
designer, raised EUR 31 million ($26.3 million) in its third round of funding
from an investment group including AXA Private Equity, IDI Group, Thales CSF
Ventures, Finov, and Innovafrance. The company said it will use the funding
to expand its operations in the U.S. and Europe, and to support the
development of new products through increased staffing in the research and
development areas. Vincent Gombaut, from new investor AXA Group Private
Equity, will join Maurice Khawam, managing director for ETF Group France, on
the company's board of directors. The investment gives ETF Group a 17% stake
in the company, and the total investment group over 50% of PHS MEMS. The
company is managed by Alberto Martorell, president and CEO, who previously
served with ETF Group Investments and worked in Sun Microsystems'
microelectronic division. There was no placement agent for the funding.
		http://www.phsmems.com

		Johnson & Johnson Backs Nanoparticles, Polymer Firm Alnis
		mail? top

		 EMERYVILLE, Calif. (VENTUREWIRE) -- Alnis Biosciences, which is developing
nanoparticles and polymer materials for biotechnology applications, said it
has secured an undisclosed amount of funding from Johnson & Johnson
Development Corp. The company said it will use the funding to continue to
develop its technology, which focuses on oncology and infectious diseases.
Prior to this investment Alnis was primarily funded by a three-year grant
from the Defense Advanced Research Project Agency (DARPA). Alnis said it had
also received funding from Dow Chemical and Global Venture Capital. The
company was founded in 1997 by David Soane, who is also founder of Nano-Tex
and Aclara Biosciences.
		http://www.alnis.com

		Wireless LAN Firm Service Factory Closes Second Round
		mail? top

		 STOCKHOLM, Sweden (VENTUREWIRE) -- Service Factory, which provides Internet
access through services a wireless local area network (LAN), said it closed
its second round with an undisclosed amount of funding with BrainHeart
Capital. Service Factory said BrainHeart now holds a 10% equity stake in the
company. Magnus Melander, an investment manager at BrainHeart, will take the
sixth seat on Service Factory's board of directors. Service Factory said it
will use the funding to expand its services into Germany, France, Spain, and
Italy, and it further said it already has test sites in some of these
countries. The company also said it plans on entering the U.S. market. The
funding is expected to last until the end of the year. Service Factory was
founded in December 1999 and reached profitability at the end of 2000. The
company had $10.5 million in revenue last year, with $1.1 million as profit.
Outside investors hold a 40% equity stake in the firm. Service Factory also
said it plans on raising a new round later this year or early next year with
a U.S. venture capital firm. The company received $1.4 million in first-round
funding from Telia Business Innovation and Telia.
		http://www.servicefactory.se

		Biotech Firm Vasca Raises $19.6M in Series F Financing
		 mail? top

		 TEWKSBURY, Mass. (VENTUREWIRE) -- Vasca, a developer of an access device for
hemodialysis, said it has raised $19.6 million in a Series F round from Atlas
Venture, Bedrock Capital, Crossroads, MVM Limited, Pacific Ventures, Weiss
Peck and Greer, The Sprout Group, and Tailwind Capital Partners. The company
plans to dedicate the new funds to further research and development, as well
as for sales. MVM Limited, a new investor, led this financing. The Crossroads
Group and Tailwind Capital Partners are also new to the round. As a result of
this investment, Dr. Stephen Reeders, who is chief executive officer of MVM
and a nephrologist, has been granted a seat on the 11-member Vasca board of
directors. The board includes Philippe Chambon and Jeani Delagardelle of The
Sprout Group and Paul Brown of Bedrock Capital. While a company spokesperson
declined to reveal a post-money valuation on the round, the spokesperson
indicated that the recent funds should carry the company through to
profitability, which is anticipated by the fourth quarter of 2002. Including
this round, Vasca has raised approximately $62 million in venture capital to
date.
		http://www.vasca.com

		CML-ATC Technologies Picks Up $2M in Round Two
		 mail? top

		 HULL, Quebec (VENTUREWIRE) -- CML-ATC Technologies, which designed and
manufactured voice communications systems composed of hardware and embedded
software for aviation control systems, has closed CAD 3 million ($2 million)
in second-round funding from Innovatech of Montreal and The Solidarity Fund,
said CEO Franz Plangger. New investor Solidarity Fund contributed $1 million
in this round, while the balance came from existing investor Innovatech.
Quebec-based venture capital firm SDEO, which participated in the first
round, did not reinvest. Post-money, Mr. Plangger said the company has a
valuation of $10.4 million, an increase from $3.9 million. Edith Gaudet,
investment advisor at Solidarity Fund, joins the board of directors, which is
full at six seats. CML-ATC, which has a burn rate of $195,000 per month, will
use the new money for research and development, and marketing. The company
will add approximately 10 manufacturing employees to the current staff of 40.
The communications systems manufacturer is also expecting to add a vice
president of marketing and sales and a vice president of research and design
to its management team. Mr. Plangger said CML-ATC will likely raise another
round late this year or early next year. The company expects $6.5 million in
revenues this year. The company raised $780,000 in a first round from
Innovatech and SDEO.
		http://www.cmlatc.com

		German Venture Firm bmp Increases Stake in indecom By 25%
		 mail? top

		 BERLIN (VENTUREWIRE) -- bmp, a venture capital firm focusing on e-business
and life sciences investments, said it increased its equity stake in the
application service provider, independent computing (indecom), from 20% to
45%. bmp did not provide financial details of the investment, but did say
that no other institutions participated in the round. bmp said the financing
would be used for indecom's expansion plans.
		http://www.bmp.com
		http://www.indecom.de

		IBT Technologies Raises $4.8M Series C, Appoints President
		 mail? top

		 AUSTIN, Texas (VENTUREWIRE) -- IBT Technologies, an application service
provider focused on the corporate training market, said that it received $4.8
million in Series C financing from Counsel Corp. and Techxas Ventures. The
company plans to use the new funding for product development and sales. This
round was co-led by Counsel Corp. and Techxas Ventures, both return
investors. Although a company spokesperson would not cite a burn rate, she
said the funds should take the company to profitability within twelve months.
In addition, IBT announced the appointment of Cynthia Sheridan as president
of the company. Prior to joining IBT, she served as president and CEO of
WebIQ, a provider of collaborative decision-support tools. The company's CEO
and chairman, William H. Cunningham, who is the former chancellor of the
University of Texas System, has headed the company since December 2000. In
March 2000, IBT Technologies raised $6.4 million in its Series B financing
led by Counsel, with participation from Q Investments, Techxas Ventures,
Thomas Weisel Partners, and unnamed individuals.
		http://www.ibt-technologies.com

		Cadant Announces Funding, New CEO, and 15% Layoffs
		 mail? top

		 LISLE, Ill. (VENTUREWIRE) -- Cadant, a provider of high-speed cable
networking products, said it has closed a new round of funding from World
Associates and other investors. The amount was not disclosed. Charlie Walker,
founder of Access Technology Partners, joins the company as CEO. The company
also said it reduced its staff by 15%. New investor World Associates joined
Cadant's existing investors in this round, which will be used for product
development and launch in the fall. Staff reductions were made in marketing,
sales, operations, and finance. The company said its engineering team has
remained intact. Prior to this round Cadant raised $23 million in funding.
Investors included Access Technology Partners, Chase Capital, and Venrock
Associates.
		http://www.cadant.com

		 bad news
		?
		B2B Commerce Platform for Media Ads, eMadison.com, Closes
		 mail? top

		 FREMONT, Calif. (VENTUREWIRE) -- eMadison, a business-to-business electronic
commerce company that provides a platform for the buying and selling of
traditional media advertising, has shut down. A source close to the company
confirmed that eMadison ceased all operations about two weeks ago and laid
off its entire staff. The source said the company is currently looking to
sell its assets. eMadison, which had been in operation for barely a year,
launched in June 2000 with $12.9 million in funding from Sequoia Capital and
Sandler Capital.
		http://www.emadison.com

		 new deals
		?
		Venture Frogs Sells drugs.com Domain Name
		mail? top

		 SAN FRANCISCO (VENTUREWIRE) -- Venture Frogs, a technology incubator and
venture firm, said it sold the domain name of drugs.com, an online health
portal, to an unidentified buyer in an all-cash deal of undisclosed value.
Venture Frogs said the rest of drugs.com, an incubated portfolio company,
would cease to exist by the end of the year. Venture Frogs also said it was
concentrating its efforts in its other portfolio company Zappos.com, an
e-retailer of shoes.To date, Zappos.com has raised $3.5 million in three
rounds from Venture Frogs and individuals.
		http://www.drugs.com
		http://www.vfrogs.com

		 new products
		?
		Professional Services Automation Firm PrimeActive Launches
		 mail? top

		 COLUMBUS, Ohio (VENTUREWIRE) -- PrimeActive Technologies, which offers
browser-based professional services automation (PSA) tools for mid-market
professional services organizations, said it has launched. The company's
technology is provided as either licensed software for an organization's
intranet, or as a hosted application. The company was founded by CEO Brian
Delphia, the president of Delphia Consulting, and Benjamin Drake, its
president, who was formerly with the consulting division of Arthur Andersen.
PrimeActive lists among its clients Delphia Consulting, R.Dorsey&Co., and the
professional services division of Best Software of Reston, Va. PrimeActive is
privately funded by individual investors and hopes to close its first round
of funding between $1.8 million and $3 million within six months.
		http://www.primeactivepsa.com

		With Cenetec Funds, Brokerage Renamed Innovation Capital
		mail? top

		 BOCA RATON, Fla. (VENTUREWIRE) -- Cenetec, a technology accelerator,
announced the formation of brokerage firm Innovation Capital, to be
headquartered at Cenetec's headquarters in Boca Raton, Fla. Innovation
Capital was formerly known as the brokerage CB Capital and was located in
West Palm Beach, Fla. The company changed its name in April to reflect
Centec's investment in the firm and the company's technology focus.
Innovation Capital will provide placement services to private companies
seeking to raise $1 million to $10 million. Innovation Capital said it is
currently raising funding for four companies in Florida. The firm also said
it is currently focusing on providing its services in the southeastern U.S.
Michael Yasi, formerly of CB Capital, is the president of Innovation Capital
and Rob Picard is the other principal. Cenetec, which owns one-third of
Innovation Capital, has raised $11 million for equity investments in
startups.
		http://www.innovation-capital.com

		Enterprise Software Firm Bodha Launches First Product
		 mail? top

		 MOUNTAIN VIEW, Calif. (VENTUREWIRE) -- Bodha, an enterprise software and
services company, announced its first product, Bodha Rapid IntEgration
Framework, an integration system that enables companies to connect with the
Web interfaces of their partners. The company is raising $10 million in its
first institutional round, which it expects to close by fall. Funds from that
round will be used for product development and business development. CEO
Vishal Sikka founded Bodha in 1999. Prior to Bodha, Mr. Sikka had founded
iBrain, an integration software company servicing the pharmaceutical industry
that was eventually acquired by PlanetRx. He had also held positions at Xerox
Research Labs. Bodha employs 18 and has raised $1 million from individual
investors.
		http://www.bodha.com

		 m&a
		?
		Barclays Private Equity Backs MBO of Recruitment Solutions
		 mail? top

		 LONDON (VENTUREWIRE) -- Barclays Private Equity has invested GBP 9 million
($12.8 million) as part of a $25.6 million funding package to back the
management buyout of Recruitment Solutions Group (RSG). RSG operates Medics
and Social Work Solutions, subsidiaries that provide temporary professional
staffing to public- and private-sector clients. The management team is led by
managing director, Jeff Downey; finance director, Mac Robertson; and
marketing director, Mike Adams. Mark Aldridge, formerly a director of Hayes
plc, joins the team as a non-executive chairman. The company is considering
growth through acquisition, Mr. Downey said in a statement. Barclays Private
Equity holds a substantial majority stake. Barclays Acquisition Finance
provided senior debt and working capital. DHD Corporate Finance advised the
purchase side of the transaction, while Capital Strategies Corporate Finance
advised the vendor.
		http://www.recruitmentsolutions.co.uk

		 new people
		?
		Optical Access Firm Native Networks Appoints CEO
		 mail? top

		 LONDON (VENTUREWIRE) -- Native Networks, a developer of technology for
optical access networks, said that it has appointed Stephen Harbour, formerly
marketing director for Cisco Photonics, as its chief executive officer. Mr.
Harbour replaces co-founder and former CEO Gilad Goren, who will continue
with Native Networks as president. Prior to joining Native Networks, Mr.
Harbour was marketing director for Cisco Photonics, a division of Cisco that
was formed after the acquisition of Pirelli's WDM systems business in
February 2000. In September 2000, Native Networks completed a private
placement of $18.2 million from investors including Anschutz Investment,
Jerusalem Venture Partners, and Soros Private Equity Partners.
		http://www.nativenetworks.com

		Media Tech Firm EnterTec Group Names Dror Chevion President
		 mail? top

		 HERZELIYA, Israel (VENTUREWIRE) -- EnterTec Group, a provider of
entertainment and media technologies, said it has named Dror Chevion as the
company's president. Mr. Chevion is the first person to hold this position.
Prior to his appointment the company was headed by founding chairman and CEO,
David Chissick. Most recently Mr. Chevion served as vice president of
business development at Ness Technologies. In addition he has served as
director of government information technology and budget director for the
Israeli government. To date, EnterTec has raised $1.5 million in first-round
financing from Israeli Theaters and unnamed individuals. The company is
currently seeking $2 million in additional financing, which it hopes to raise
in the next few months.
		http://www.enterteclab.com

		Comprehensive Software Systems Names New President & CEO
		 mail? top

		 GOLDEN, Colo. (VENTUREWIRE) -- Comprehensive Software Systems, a developer
of financial services software, announced the appointment of Chris Poelma as
president and CEO. Prior to joining CSS, Mr. Poelma served as executive vice
president, chief technology officer and board director for ASP provider
USinternetworking, which he co-founded. Mr. Poelma replaces acting-president
William B. McClure, who will continue with the company as senior vice
president of client services. He also joins as the eleventh member of the
company's board, which includes David Glatstein and Don A. Buchholz of
Southwest Securities Group; Thomas A. James of Raymond James Financial;
Robert H. Beriault of Fiserv; Warren A. Stephens and Mark C. Doramus of
Stephens; Robert T. Clutterbuck and David J. Schafer of McDonald Investments;
James Ditmore of Ameritrade Holding; and Bob Gartland of Morgan Stanley. CSS
has backing from ADP Brokerage Services Group, Ameritrade Holding, Fiserv
Securities, McDonald Investments, Morgan Stanley Dean Witter, Raymond James
Financial, Southwest Securities Group, and Stephens.
		http://www.csssoftware.com

		 vc fund news
		?
		New Zealand Gov't. Launches $40.9M Early-Stage Fund
		mail? top

		 WELLINGTON, New Zealand (VENTUREWIRE) -- New Zealand's Ministry of Research,
Science & Technology  announced the launch of the New Zealand Venture
Investment Fund (VIF), a NZD 100 million ($40.9 million) fund. It will invest
in funds that back seed and early-stage technology companies in New Zealand.
VIF said the initial fund will be split into ten funds over a two- to
three-year period. Each fund will range in size from $12.3 million to $20.4
million and VIF will invest up to one third of this amount. VIF said each
fund would invest in between 15 to 20 companies over a seven- to ten-year
period. VIF will invest in funds that will invest in New Zealand companies
and no more than 10% of a fund may be invested in any one company. VIF also
said it would give co-investors a chance to buy out VIF's investment after
the third year of the fund. VIF also said it expects to finalize the
selection of fund managers from the private sector by the end of the year.
		http://www.morst.govt.nz

		Silicon Valley Bank Forms New Seed Capital Practice
		 mail? top

		 SANTA CLARA, Calif. (VENTUREWIRE) -- Silicon Valley Bank, a wholly-owned
subsidiary of Silicon Valley Bancshares, announced it has established a seed
capital practice. The practice will provide funding to seed-stage companies
as well as a variety of services to both startups and early-stage investors.
John P. Flinn, who will serve as a director of the practice, said the group
will co-invest with other leading early-stage investment firms. It will also
invest directly in companies and in seed funds. Mr. Flinn said a typical
direct investment will range from $100,000 to $5 million, depending on the
nature of the deal. Mr. Flinn said the seed group, just like Silicon Valley
Bank's venture capital group, will use funds from the company's $100 million
fund, which closed last year. In addition, the group plans to create
networking opportunities between early-stage investors and startups, to
provide assistance with syndications as well as market intelligence and
research, and to offer credit facilities to angel investors and general
partners. Silicon Valley Bank vice chairman Harry W. Kellogg and professional
services division manager Steve Empey will oversee the practice.
		http://www.svbank.com

		 vw corrections
		?
		Accumedia
		 mail? top

		 NEW YORK (VENTUREWIRE) -- An item in last Tuesday's VentureWire about
Accumedia contained an incorrect description of the company's services.
According to CEO Ed Williams, Accumedia can cut a large media firm's cost of
running a Web site with 3 million page views a month from $1.75 million to
$625,000 over the course of three years, not annually.

		company index
		top

		Alnis Biosciences, AtomShockwave, bmp, Bodha, Cadant, Cheng Power Systems,
Clearswift, CML-ATC Technologies, drugs.com, eMadison, EnterTec Group, IBT
Technologies, Indecom, Innovation Capital, iWitness, Kizoom, Matrix Partners,
Ministry of Research, Science & Technology, Mirant, Native Networks, NuCore
Technology, PHS MEMS, PrimeActive Technologies, Recruitment Solutions Group,
Service Factory, Sevin Rosen Funds, shockwave.com, Silicon Valley Bank, SPS
Commerce, Vasca, Venture Frogs

		Time is money and time can be saved through
		effortless, streamlined Web-based enterprise
		services.

		As IBM preps to launch Web-based software
		allowing for smoother enterprise-application-
		integration, it will face competition from the
		likes of Hewlett-Packard, Microsoft, Oracle and Sun.
		Which will attract the greatest number of
		developers and customers in the Web-services
		arena?

		Hear what Steven Mills, Senior VP & Group
		Executive of IBM Software, has to say about
		IBM's latest at Enterprise Outlook, June 26 & 27.

		Register today:http://www.enterpriseoutlook.com/register.asp

		investor index
		top

		4C Ventures, Adams Street Partners, Amadeus Capital Partners, AXA Private
Equity, Axiom Venture Partners, bmp, BrainHeart Capital, CID Equity Partners,
Damac Al Baraka Investment Co., Dawnay Day Lander, Finov, Granite Ventures,
IDI Group, InnovaFrance, Innovatech Grand Montr,al, Johnson & Johnson
Development, Pino Ventures, Solidarity Fund QFL, St. Paul Venture Capital,
Thales CSF Ventures, World Associates

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		,2001 Technologic Partners
			?


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 02/16/2001
05:24 PM ---------------------------

"Btu" <subs@btu.net> on 02/16/2001 04:47:53 PM
To: "Btu Weekly" <>
cc:
Subject: Btu Weekly

Attached is the latest issue of Btu Weekly.

e-mail: info@Btu.net
phone: 732-758-8222
fax: 732-758-8286

 - wg021201.pdf


Please see the attached Management Report for June 21, 2000:

Total  Today Year To Date Life To Date

Number of Transactions  2,038 159,097 164,098
Gross Notional Value $  843,179,637 74,711,023,498 75,925,710,072

Revenue from Physical flows to date ($)  4,436,931,199 4,532,682,691

New Counterparties transacting today  0
Counterparties having transacted to date  371

Also attached is the Public Domain Report, containing information which is
intended for use in presentations or reports which will be seen by
individuals outside Enron:

Total Life to Date Transactions   > 164,000, which is > 52 % of Enron,s
current transactions for the month
Average Daily Transactions    > 1,900
Life to Date Notional Value of Transactions > $74 billion
Average Daily Notional Value    = Approximately $1 billion, which is 45% of
Enron,s Notional Volume
Number of Products Offered Each Day  = Approximately 820


Attached please find WP-02 data requests PG-BPA:126 - PG-BPA:131 from Public
Generating Pool to Bonneville Power Administration.

Kelly C. Beniga
kbeniga @ schwabe.com
(503) 796-2445

NOTICE:  This communication may contain privileged or other confidential
information. If you are not the intended recipient or believe that you may
have received this communication in error,  please reply to the sender
indicating that fact and delete the copy you received.  In addition, you
should not print, copy,  retransmit, disseminate, or otherwise use the
information.       Thank you.
 - PG-BPA-126.doc
 - PG-BPA-127.doc
 - PB-BPA-128.doc
 - PG-BPA-129.doc
 - PG-BPA-130.doc
 - PG-BPA-131.doc


Please do not reply to this e-mail.

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Wes' memo finally went out to Sherriff.  DPR won't change at this point in
time.  --Sally
---------------------- Forwarded by Sally Beck/HOU/ECT on 03/09/2001 11:50 AM
---------------------------
From: Wes Colwell/ENRON@enronXgate on 03/09/2001 08:10 AM
To: John Sherriff/LON/ECT@ECT
cc: Sally Beck/HOU/ECT@ECT, Fernley Dyson/LON/ECT@ECT
Subject: FW: Changes to the executive Viewer

John,

There has been a fair amount of discussion about this as well as the
reporting of drift for the North America businesses.  Both Mike McConnell and
Jeff Shankman are opposed to moving the location of drift in the DPR.  I know
that North America included US drift in its plan and includes "drift
earnings" in its margin.  I believe you do the same in Europe.  Jeff is
adamant that we not  move US drift from EGM's section of the DPR and has
asked for UK drift to remain, as well.  You may want to call Jeff.  Sally and
I will do what ever you guys decide.

 -----Original Message-----
From:  Jeffrey A Shankman
Sent: Wednesday, February 28, 2001 2:15 PM
To: Wes Colwell
Cc: Sally Beck
Subject: FW: Changes to the executive Viewer

Please deal with this.  Wes, you know what I think and what we've decided
on.  Jeff
 -----Original Message-----
From:  Hickerson, Gary
Sent: Wednesday, February 28, 2001 7:23 AM
To: Jeffrey A Shankman/HOU/ECT@ENRON
Subject: Changes to the executive Viewer

FYI

Gary
---------------------- Forwarded by Gary Hickerson/HOU/ECT on 02/28/2001
07:21 AM ---------------------------

Michael Kass@ENRON
02/27/2001 06:07 PM
To: Gary Hickerson/HOU/ECT@ECT
cc: Chris Abel/HOU/ECT@ECT, Kenneth Thibodeaux/NA/Enron@ENRON
Subject: Changes to the executive Viewer

Gary

I prepare the London Summary and I have been requested by John Sherriff here
in London to have changes made to the reporting format of the Executive
Viewer report.  John's request and the changes he has asked for are detailed
below.  In essence, John would like Enron Europe's 'UK Drift' revenue to be
reported under the 'Enron Europe' heading in the Exec Viewer instead of being
reported under the 'Global Markets' heading.  If you agree to this change
could you advise Chris Abel and Johnny Thibodeux to make the appropriate
changes.  If, however,  you would like to discuss the matter further please
contact John Sherriff.

Regards

Michael
---------------------- Forwarded by Michael Kass/EU/Enron on 27/02/2001 23:50
---------------------------

John Sherriff@ECT
23/02/2001 16:27
To: James New/LON/ECT@ECT, Michael Kass/EU/Enron@Enron
cc:

Subject: Re: JOHN PLEASE AUTHORISE Changes to the executive Viewer

Michael - Please move forward with these changes.

John

James New
23/02/2001 16:14
To: John Sherriff/LON/ECT@ECT
cc:

Subject: JOHN PLEASE AUTHORISE Changes to the executive Viewer

John,

The attached is the format I believe we discussed and agreed with Ted a few
days ago. In order that the guys in Houston will make the changes they
require your authorisation.

If you can authorise by return then Michael Kass and I will forward it on to
the necessary people below.

If you are not happy with the attached please let me know what needs to be
changed.

Thanks James
---------------------- Forwarded by James New/LON/ECT on 23/02/2001 16:14
---------------------------

Michael Kass@ENRON
22/02/2001 10:47
To: James New/LON/ECT@ECT
cc:

Subject: Changes to the executive Viewer

Changes are required to the reporting format of Enron Europe's P/L in the
Executive Viewer .  Below is a list of these changes as well as the person
responsible for effecting each change:

Gary Hickerson: The UK Drift book is to be reclassified from the 'Enron
Global Markets' heading to the 'Enron Europe' heading;

Susie Ayala: The Enron Europe (Net Fair Value) Equity Investments book is to
reclassified from 'Merchant Summary' to the 'Enron Europe' heading;

Chris Abel: The following changes are to be made to the books reported under
the 'Enron Europe' heading:
 - J Block is to be reported as a separate line item;
 - Structured Derivatives UK is to include all other structured derivatives
and power/gas accruals (currently reported under 'Other' line item);
 - For each of the Electricty books, could you change the word Electricity to
Power in the headings (for consistency purposes).


Hi Jay:
I can only begin to imagine how stressed things must be for you right now. Jerril and I have our fingers crossed that things work out OK for you during the transition. Hopefully, the people at Dynegy will recognize what a smart, honest and harworking guy you are and reward you appropriately.

If you ever want to vent, let me know. Sometimes big sisters aren't always bossy and can even be helpful.
Love,
Meg

Meg Reitmeyer and Jerril Burnette
megandjerril@earthlink.net


Harry,

I enjoyed our interview today and hope to continue discussions with Enron
about a summer internship.

I couldn't resist sending you this link.  I don't know if you recall, but
during our talk we conducted an exercise attempting to determine new uses
for tissue.  I was surprised to learn that Kimberly-Clark has just announced
a new product.  They actually were holding a analyst conference call this
morning to discuss earnings and their new venture.  Your questions are
certainly very current!  I wish I had been creative enough to think of this
product during our interview.

Here is the link.
http://www.prnewswire.com/cgi-bin/micro_stories.pl?ACCT=118088&TICK=KMB&STOR
Y=/www/story/01-16-2001/0001404319&EDATE=Jan+16,+2001
<http://www.prnewswire.com/cgi-bin/micro_stories.pl?ACCT=118088&TICK=KMB&STO
RY=/www/story/01-16-2001/0001404319&EDATE=Jan+16,+2001>

Again, thank you for taking the time to interview me.  I am excited about
the opportunities at Enron and look forward to continuing our discussions in
the next few weeks.

Sincerely,

Vic

Vic Gatto
Owen Graduate School of Management
Vanderbilt Universtiy
(615) 292-7414
vic.gatto@owen2002.vanderbilt.edu


Thanks for all your help with this--glad your attention is focused on it.
Ken was prepared and talked a bit about the gas side at this lunch speech.

Thanks again,

- Rob


Just a couple of changes form the version Dave sent out at the weekend.

Rgds.

Haakon

David Forster
12/02/2000 23:59
To: Jay Webb/HOU/ECT@ECT, Rahil Jafry/LON/ECT@ECT, Awais Omar/LON/ECT@ECT,
Paul Goddard/LON/ECT@ECT, Justin Boyd/LON/ECT@ECT, Mark Taylor/HOU/ECT@ECT
cc: Dave Samuels/LON/ECT@ECT, Haakon Olafsson/LON/ECT@ECT, Jonathan
Whitehead/LON/ECT@ECT, Marcello Romano/LON/ECT@ECT, Amita
Gosalia/LON/ECT@ECT, Bob Shults/HOU/ECT@ECT

Subject: Site documentation

Jay: Here is the latest site documentation and the site map. Please call me
at any time if you have questions (cell: 713 562 8678)

Awais/Rahil/Paul: If you have any comments on the text, please let me know.
Note that this text has been approved by legal (mostly) and we are short on
time, so text changes will only be made for pressing reasons.

Justin/Mark/Haakon/Jonathan: Changes from last version appear redlined.

Thanks,

Dave


i will tell him i am your pimp


Bernardo is inquiring about this master.  There is nothing current in Lotus
Notes.  Paul, I think we spoke about this but I can't recall.  Sara
----- Forwarded by Sara Shackleton/HOU/ECT on 09/06/2000 03:04 PM -----

	Bernardo Andrews@ENRON
	08/08/2000 01:41 PM

		 To: Sara Shackleton/HOU/ECT@ECT
		 cc:
		 Subject: Perez Companc ISDA

---------------------- Forwarded by Bernardo Andrews/SA/Enron on 08/08/2000
03:44 PM ---------------------------

Infantino Federico <FINFANTI@pecom.com.ar> on 06/21/2000 02:04:07 PM
To: "'Bernardo.andrews@enron.com'" <Bernardo.andrews@enron.com>,
"'rodolfo.freyre@enron.com'" <rodolfo.freyre@enron.com>
cc:
Subject: Perez Companc ISDA

Rodolfo/Bernardo,

Aca les mando el Schedule y el Credit Support Annex del ISDA que tenemos
armado para Perez Companc.
Estamos en contacto para analizar que otras exposiciones podemos cubrir
adem?s de las de crudo.
Saludos,

Federico.

>  <<CSANNEX.DOC>>  <<SCHEDULEPC.DOC>>
>
 - CSANNEX.DOC
 - SCHEDULEPC.DOC


Irwin is on Enron's advisory council.  Could one of you send him a reply?

-----Original Message-----
From: Stelzer@aol.com [mailto:Stelzer@aol.com]
Sent: Tuesday, November 13, 2001 9:42 AM
To: Kean, Steven J.
Subject: Re: Answer to your questions

Sorry -- I was not cleaqr. I am after the company's value in the olden days
when Ken appeared on the scene and you guys were still a small pipeline. My
recollection is that something like $2 billion is the number, but I could be
way off. What I am hoping to be able to say is that those investors who
bought in at that long-ago time and stayed in have had their investment
quintuple. Right?


> -----Original Message-----
> From: Steve Touchstone
> Sent: Friday, September 22, 2000 10:41 AM
> To: 'sbrawner@ect.enron.com'
> Subject: My concern
>
> Sandra,
>
> I would like to apologize for anything that upset you the other night.  I
> thought you were completely professional and acted that way.  You asked
> and answered everything accurately.  I thought we were trying to suggest
> ways we could work with you guys using EOL.  Since we only have a test id
> of EOL on our NE desk, we are not able to use your system to help bring
> trades to you from over the counter.
>
> I called Fletch once I heard the message because I had his number.  I
> mentioned that I would be emailing you.  I admitted  that I thought the
> conversation was getting aggressive (mainly from our side), and I had to
> step in twice to slow it down.  As I mentioned to you, I admire the
> traders at Enron because you guys must keep up with marketers, supply
> traders, NYMEX, brokers while keeping EOL live.  I do not know how you do
> it.
>
> I know that we discussed how much I valued your time to sit with us
> because you could have let the account drop without a second thought.  You
> sat down to eat, not because you have never been to Mark's, but because
> you would like to give us a "heads up."  That is invaluable for a broker
> to have that from a trader.
>
> I would sincerely like to sit down with you and anyone else you would like
> in the meeting to apologize and explain everything.  I mentioned at dinner
> that Enron's revenue to Natsource has not dropped at all since the launch
> of EOL to show that the business is still there.  I added that it has
> helped keep the market liquid, and that traders have become addicted to it
> (which is to Enron's advantage).
>
> I would like to meet if possible, but even a phone call would be great.  I
> do not want to push our position on you, but you must know what Enron
> means to Natsource.  Please find time to sit down with my anytime or allow
> a moment for a phone call.  My phone number is 212-232-5330.
>
> Sincere apologies,
>
> Steve Touchstone


The FINAL Violation Memos for 11/12/01 have been published and are available for viewing on the ERV - Violation/Notification Memo Section.


Rakhi,  Attached is the letter with my revisions.  I would have Mr. Neyman sign the letter.  Let me know if you have any questions.

-----Original Message-----
From: Israni, Rakhi
Sent: Monday, September 10, 2001 7:26 PM
To: Nemec, Gerald
Cc: Johnson, Patrick
Subject: Letter to Cameron Parish

Gerald,

Here is the letter I drafted for Cameron Parish.  Please let me know what changes you would recommend.

Thanks for your help,

Rakhi
(x3-7871)

 letter to cameron 9.10.01