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 -----Original Message-----
From: 	"BNA Highlights" <bhighlig@bna.com>@ENRON [mailto:IMCEANOTES-+22BNA+20Highlights+22+20+3Cbhighlig+40bna+2Ecom+3E+40ENRON@ENRON.com]
Sent:	Wednesday, June 06, 2001 11:06 PM
To:	BNA Highlights
Subject:	June 7 -- BNA, Inc. Daily Environment Report

______________________________

DAILY ENVIRONMENT REPORT
Highlights & Table of Contents
June 7, 2001
______________________________

ISSN 1521-9402

Registered Web subscribers can access the full text of these
articles by using the URL link supplied.

Information about becoming a subscriber or signing up for a
FREE Web trial is available at http://web.bna.com or call
BNA Customer Relations at 1-800-372-1033, Mon. - Fri. 8:30
am - 7:00 pm (ET).
__________

HIGHLIGHTS
__________

EPA ISSUES TWO RADIATION STANDARDS FOR YUCCA MOUNTAIN
REPOSITORY

EPA upholds stringent radiation standards for the proposed
Yucca Mountain high-level nuclear waste repository in
Nevada. In its final version of radiation standards for
Yucca Mountain, EPA lets stand the 15 millirem per year
standard it proposed in 1999 for all pathways of exposure.
EPA issues a separate 4 millirem standard for radiation in
ground water. The EPA standard wins guarded support from
opponents of the Yucca Mountain facility. . . . Page AA-1

http://pubs.bna.com/ip/BNA/den.nsf/id/a0a4g6z0v6_

SCIENCE PANEL TELLS WHITE HOUSE GLOBAL WARMING LIKELY TO
CONTINUE

Greenhouse gas emissions are still causing the Earth to
warm, and more research is needed to curtail existing
uncertainties in climate change science, a committee of the
National Research Council advises the White House. "We know
that greenhouse gases are accumulating in Earth's
atmosphere, causing surface temperatures to rise," writes
the committee chairman. The committee says it was not part
of the committee's charge to make policy recommendations for
dealing with potential effects of climate change. . . . Page
A-1

http://pubs.bna.com/ip/BNA/den.nsf/id/a0a4g7b4j3_

NORTON PROMISES INTERIOR WILL HONOR BANS ON OFFSHORE OIL,
GAS DRILLING

The Bush administration will respect congressional bans on
offshore oil and gas drilling, but may investigate the need
to change the law, Interior Secretary Norton tells a House
committee during a hearing on the Bush administration's
National Energy Policy Report. . . . Page A-2

http://pubs.bna.com/ip/BNA/den.nsf/id/a0a4g6z8y0_

FEDERAL APPEALS COURT STRIKES MOST VIRGINIA RESTRICTIONS ON
TRASH IMPORTS

Provisions of Virginia's solid waste management law, enacted
to limit the amount of out-of-state waste that can be taken
to landfills in the state, violate the U.S. Constitution, a
federal appeals court rules. The U.S. Court of Appeals for
the Fourth Circuit says four of five provisions, enacted in
1999 in response to the growth of regional landfills in the
state and an influx of municipal solid waste from New York
and elsewhere, violate constitutional restrictions on state
action.  . . . Page A-2

http://pubs.bna.com/ip/BNA/den.nsf/id/a0a4g6z0h3_

FUNGICIDE TASK FORCE SEEKS MORE TIME FOR CARBAMATE
ASSESSMENT

A deadline for grouping carbamate pesticides for a
cumulative risk assessment should be flexible, an industry
task force writes in comments to EPA. The Dec. 31 deadline
was set by EPA and the Natural Resources Defense Council in
a consent decree, which also imposed additional deadlines on
EPA for its pesticide reassessments and which could be
approved by a federal court next week. . . . Page A-5

http://pubs.bna.com/ip/BNA/den.nsf/id/a0a4g6z3b2_

ADMINISTRATION REQUESTS FUNDS FOR CLEANUP OF URANIUM WASTE
SITE

Lobbying efforts by a bipartisan group of lawmakers lead the
Bush administration to add $1.4 million to its fiscal year
2002 budget request to plan the cleanup of a southern Utah
uranium waste site. Contamination from the site could
threaten the Colorado River, a major source of drinking
water for 25 million residents in western states. . . . Page
A-10

http://pubs.bna.com/ip/BNA/den.nsf/id/a0a4g6z7j6_

RUSSIAN LAWMAKERS DECIDE TO ALLOW IMPORT OF SPENT NUCLEAR
FUEL

Russia's parliament approves a legislative package that
would allow the country to import spent nuclear fuel from
abroad. The government, which strongly lobbied for the
bills, hopes to make about $20 billion by importing spent
nuclear fuel for reprocessing and storage in Russia. To
become law, the bills still must be approved by parliament's
upper house and signed by President Putin. . . . Page A-9

http://pubs.bna.com/ip/BNA/den.nsf/id/a0a4g6z3h0_

CONFIDENTIAL DATA SOUGHT ON EFFECT OF BIOTECH CROPS ON
BUTTERFLIES

The Union of Concerned Scientists asks EPA to release
confidential data on the effects of biotech crops on the
Monarch butterfly. In a Freedom of Information Act request,
the group seeks data generated by academic and government
scientists and submitted to EPA by makers of
plant-incorporated protectants. A substantial part of the
data being sought on Bt corn and the Monarch is claimed as
confidential. . . . Page A-6

http://pubs.bna.com/ip/BNA/den.nsf/id/a0a4g6u2q1_

SUPPORT OFFERED FOR DOT PROPOSAL ON SHORT HAZARDOUS LIQUID
PIPELINES

Pipeline safety experts and portions of regulated industry
file comments in support of a Department of Transportation
proposal to extend integrity management requirements to
shorter hazardous liquid pipelines. The proposed rule would
affect pipelines shorter than 500 miles that pass through
highly populated or environmentally sensitive areas. . . .
Page A-10

http://pubs.bna.com/ip/BNA/den.nsf/id/a0a4g6x1x6_

U.S., SINGAPORE TRADE TALKS COULD BE SLOWED BY ENVIRONMENT
ISSUE

The continuing dispute between Republicans and Democrats in
Congress over how to handle labor and environmental issues
in trade negotiations could slow talks now under way between
the United States and Singapore for a free trade agreement,
the first between the United States and an Asian nation, by
the end of the year. . . . Page A-11

http://pubs.bna.com/ip/BNA/den.nsf/id/a0a4g7a4b2_

CORROSION BLAMED FOR RUPTURED PIPELINE CAUSING OIL SPILL IN
BRAZIL

A ruptured pipeline spills 200,000 liters (52,000 gallons)
of fuel oil in a suburb of Sao Paulo, Brazil's largest city,
causing serious damage to several homes. The state oil
company Petrobras says the pipeline was carrying residual
fuel oil from one Petrobras refinery in southeastern Sao
Paulo state to another for processing. . . . Page A-8

http://pubs.bna.com/ip/BNA/den.nsf/id/a0a4g6r3b8_

______________

TODAY'S EVENTS
______________

PESTICIDES: EPA public meeting on consumer awareness program
for chromated copper arsenicals-treated wood, 9 a.m. to 11
a.m., Hilton Crystal City, 2399 Jefferson Davis Highway,
Arlington, Va.

___________

ENFORCEMENT
___________

STATE GRANTS: Draft guidance on a proposed state enforcement
grant program is being developed by EPA and may be published
for comment by the end of this month. As part of the fiscal
2002 budget request for EPA, President Bush proposed a $25
million state enforcement grant program. EPA is circulating
a draft framework for three options to administer the grant
program. . . . Page A-4

http://pubs.bna.com/ip/BNA/den.nsf/id/a0a4g7a6m8_

EMERGENCY PLANNING: Arizona Portland Cement Co. of Rillito,
Ariz., agrees to pay $82,442 in a settlement with EPA over
alleged failure to report releases of nickel and cobalt into
the environment between 1996 and 1998.  The violations were
uncovered during an EPA inspection of the facility. . . .
Page A-8

http://pubs.bna.com/ip/BNA/den.nsf/id/a0a4g6y4f7_

HAZARDOUS WASTE: Retroactive application of the Resource
Conservation and Recovery Act would withstand constitutional
scrutiny, a U.S. magistrate judge rules and refuses to allow
a defendant, Mallinckrodt, Inc., to amend its pleadings to
challenge the law's retroactive application in a case
involving mercury pollution in Maine. . . . Page A-7

http://pubs.bna.com/ip/BNA/den.nsf/id/a0a4g6t6m6_

ILLEGAL TRADE: Officials responsible for implementing
treaties on hazardous waste, ozone-depleting chemicals, and
endangered species say that the growth in illegal trade
highlights the need for improved enforcement.  . . . Page
A-9

http://pubs.bna.com/ip/BNA/den.nsf/id/a0a4g6y9h0_

_________________

TABLE OF CONTENTS
_________________

LEADING THE NEWS

RADIOACTIVE WASTE
   EPA finalizes 15 millirem standard, ground water limit
   for Yucca Mtn. . . . Page AA-1
   http://pubs.bna.com/ip/BNA/den.nsf/id/a0a4g6z0v6_

   NAS supports geological disposal . . . Page AA-1
   http://pubs.bna.com/ip/BNA/den.nsf/id/a0a4g7a0d5_

____

NEWS
____

BRAZIL
   Ruptured pipeline causes oil spill; corrosion is blamed .
   . . Page A-8
   http://pubs.bna.com/ip/BNA/den.nsf/id/a0a4g6r3b8_

CLIMATE CHANGE
   Science panel says warming likely to continue, more
   research needed . . . Page A-1
   http://pubs.bna.com/ip/BNA/den.nsf/id/a0a4g7b4j3_

DRINKING WATER
   Administration heeds request for funds to clean up
   uranium site in Utah . . . Page A-10
   http://pubs.bna.com/ip/BNA/den.nsf/id/a0a4g6z7j6_

EMERGENCY PLANNING
   Cement company agrees to settlement after alleged failure
   to report releases . . . Page A-8
   http://pubs.bna.com/ip/BNA/den.nsf/id/a0a4g6y4f7_

ENFORCEMENT
   EPA develops draft guidance on grants to states, aims for
   publication soon . . . Page A-4
   http://pubs.bna.com/ip/BNA/den.nsf/id/a0a4g7a6m8_

HAZARDOUS WASTE
   RCRA retroactive liability defense rejected by federal
   court magistrate . . . Page A-7
   http://pubs.bna.com/ip/BNA/den.nsf/id/a0a4g6t6m6_

INTERNATIONAL ISSUES
   Officials cite need to address growing illegal
   environmental trade . . . Page A-9
   http://pubs.bna.com/ip/BNA/den.nsf/id/a0a4g6y9h0_

NATURAL RESOURCES
   Norton promises committee to uphold bans on offshore
   drilling . . . Page A-2
   http://pubs.bna.com/ip/BNA/den.nsf/id/a0a4g6z8y0_

PESTICIDES
   Bt crop gets tolerance exemption . . . Page A-6
   http://pubs.bna.com/ip/BNA/den.nsf/id/a0a4g6u6d4_

   Confidentiality of biotech crop data on butterfly effects
   questioned by group . . . Page A-6
   http://pubs.bna.com/ip/BNA/den.nsf/id/a0a4g6u2q1_

   Correction to the June 6 report . . . Page A-12
   http://pubs.bna.com/ip/BNA/den.nsf/id/a0a4g6u9m8_

   Fungicide industry task force asks court for flexibility
   on carbamate cumulative date . . . Page A-5
   http://pubs.bna.com/ip/BNA/den.nsf/id/a0a4g6z3b2_

PIPELINE SAFETY
   Safety experts, advocates support proposed rule for
   shorter liquid lines . . . Page A-10
   http://pubs.bna.com/ip/BNA/den.nsf/id/a0a4g6x1x6_

RADIOACTIVE WASTE
   EPA finalizes 15 millirem standard, ground water limit
   for Yucca Mtn. . . . Page AA-1
   http://pubs.bna.com/ip/BNA/den.nsf/id/a0a4g6z0v6_

   Lawmakers in Russia approve bills to allow imports of
   spent fuel . . . Page A-9
   http://pubs.bna.com/ip/BNA/den.nsf/id/a0a4g6z3h0_

   NAS supports geological disposal . . . Page AA-1
   http://pubs.bna.com/ip/BNA/den.nsf/id/a0a4g7a0d5_

SOLID WASTE
   Federal appeals court strikes majority of Virginia trash
   restrictions . . . Page A-2
   http://pubs.bna.com/ip/BNA/den.nsf/id/a0a4g6z0h3_

TRADE
   U.S., Singapore negotiations could be slowed by
   environment issue . . . Page A-11
   http://pubs.bna.com/ip/BNA/den.nsf/id/a0a4g7a4b2_

________

CALENDAR
________

CONGRESS
   Legislative calendar . . . Page C-1
   http://pubs.bna.com/ip/BNA/den.nsf/id/a0a4g7e2d9_

PRESIDENT
   President's calendar . . . Page C-6
   http://pubs.bna.com/ip/BNA/den.nsf/id/a0a4g7e2y6_

PUBLIC LAWS
   Legislation recently signed into law . . . Page C-7
   http://pubs.bna.com/ip/BNA/den.nsf/id/a0a4g7e2z7_

_________________

REGULATORY AGENDA
_________________

COMMENT DEADLINES
   Due dates for comments on pending rules . . . Page D-3
   http://pubs.bna.com/ip/BNA/den.nsf/id/a0a4g6h5x7_

JUNE 7 FEDERAL REGISTER
   Entries from today's table of contents . . . Page D-1
   http://pubs.bna.com/ip/BNA/den.nsf/id/a0a4g6r1r0_

JUNE 6 FEDERAL REGISTER
   Previous day's entries with page citations . . . Page D-1
   http://pubs.bna.com/ip/BNA/den.nsf/id/a0a4g6g1n3_

______________

TABLE OF CASES
______________

Maine People's Alliance v. Holtrachem Manufacturing Co. (D.
Me.) . . . Page A-7
   http://pubs.bna.com/ip/BNA/den.nsf/id/a0a4g6t6m6_

Waste Management Holdings Inc. v. Gilmore (4th Cir.) . . .
Page A-2
   http://pubs.bna.com/ip/BNA/den.nsf/id/a0a4g6z0h3_

   __________
   Daily Environment Report (ISSN 1521-9402) Highlights are
   published daily by The Bureau of National Affairs, Inc.,
   1231 25th St., NW, Washington, DC 20037.

   For account information and changes, contact
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   To request retransmission or to order a copy of the
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   bnaplus@bna.com.

   Copyright (c) 2001 by The Bureau of National Affairs,
   Inc.  Washington, D.C.  20037.  Use of this service is
   subject to the terms and conditions of the license
   agreement with BNA.  Unauthorized access or distribution
   is prohibited.


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This is sweet.
---------------------- Forwarded by B Scott Palmer/HOU/ECT on 10/30/2000
12:19 PM ---------------------------

	Enron North America Corp.

	From:  B Scott Palmer                           06/13/2000 10:39 AM

To: B Scott Palmer/HOU/ECT@ECT
cc:
Subject: FW: For you professional drinkers!!

---------------------- Forwarded by B Scott Palmer/HOU/ECT on 06/13/2000
10:38 AM ---------------------------

	Enron North America Corp.

	From:  Rebecca S Mize                           07/21/99 04:22 PM

To: Jessica V Moreno/HOU/ECT@ECT, Kathryn Cordes/HOU/ECT@ECT, B Scott
Palmer/HOU/ECT@ECT, Dianne J Swiber/HOU/ECT@ECT, Stephanie Sever/HOU/ECT@ECT
cc:
Subject: FW: For you professional drinkers!!

---------------------- Forwarded by Rebecca S Mize/HOU/ECT on 07/21/99 04:21
PM ---------------------------

	Enron Capital & Trade Resources Corp.

	From:  "Mize, Jeffrey N." <jmize@utmb.edu>                           07/21/99
12:19 PM

To: "'Carla Homer'" <chomer@capstonefinancial.com>, "Bell, Carole"
<cbell@EMAIL.UTMB.EDU>, "Johnson, Jana B." <jbjohnso@EMAIL.UTMB.EDU>, "'Jimbo
Chambers'" <james.chambers@compaq.com>, "Boysen, Karl"
<kboysen@EMAIL.UTMB.EDU>, "Swift, Lauren" <lsswift@EMAIL.UTMB.EDU>, "Kowis,
Lisa R." <lkowis@EMAIL.UTMB.EDU>, "Rhame, Liz" <lrhame@EMAIL.UTMB.EDU>,
"'Michelle Birsinger'" <mrb@bcm.tmc.edu>, "Peikert, Quintin W."
<qpeikert@EMAIL.UTMB.EDU>, Rebecca S Mize/HOU/ECT, "'David Grissom'"
<sq6dave@aol.com>
cc:
Subject: FW: For you professional drinkers!!

Here's something useful.

>  <<100pr.exe>>

 - 100pr.exe


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 04/27/2001
04:29 PM ---------------------------

ERisk <eRisks_news@email.eRisks.com> on 04/27/2001 10:40:36 AM
To: vkamins@enron.com
cc:
Subject: ERisk Essentials

ERISK ESSENTIALS --
What's New at ERisk.com, 27 April 2001

WEEKLY REVIEW
http://email.eRisks.com/cgi-bin10/flo?y=eHvU0BHCKe0CjE0CwR0Ar
This week's economic, banking and P&C insurance news, from an enterprise risk
management perspective. Read it here ...

ANALYSIS
http://email.eRisks.com/cgi-bin10/flo?y=eHvU0BHCKe0CjE0B4V0An
Why managing intellectual property risks is getting more challenging.
Will lead-based paint suits be "the next asbestos" for US insurers?
Is the idea of deposit insurance reform dead, or just sleeping?

BASLE SPECIAL 1
http://email.eRisks.com/cgi-bin10/flo?y=eHvU0BHCKe0CjE0B4W0Ao
Confused about the new Basle Capital Accord? Look no further. Over the next
two weeks, we'll be presenting a quick guide to all you need to know before
the May 31 deadline for responses to the consultation document. In our first
article this week, Rob Jameson introduces the major themes, proposals and
controversies of Basle II.

BASLE SPECIAL 2
http://email.eRisks.com/cgi-bin10/flo?y=eHvU0BHCKe0CjE0B4W0Ao
In the second of our special Basle guide, Alan McNee outlines the key
problems with the proposals, from market discipline and operational risk to
credit derivatives and maturity factors. More Basle coverage and analysis to
come next week on ERisk.

SEARCH ENGINE
It was broken, but now we've fixed it. ERisk’s new, more powerful and
efficient search engine will let you conduct more meaningful searches of the
ERisk site, with relevancy scores for each result and clear identification of
where each document can be found. Coming soon: a brief summary of each
document found.

INTERACTIVE P&C STUDY
http://email.eRisks.com/cgi-bin10/flo?y=eHvU0BHCKe0CjE0CwV0Av
ERisk and strategic partner Risk Management Solutions (RMS) last week
released the results of our jointly sponsored Property & Casualty industry
study. Visit the interactive online version to explore the capital adequacy
and risk-adjusted profitability of various segments within the P&C insurance
marketplace.

****************************************************

The ERisk Essentials is published every Friday by ERisk.com.

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10 minute average data from met towers and pictures showing met tower data on
visupro screen


If you haven't made your 2001 New York City Marathon reservations yet, you
should do it right away.  For hotel and airline information, and a map to
view hotel locations before making your decision, please click here.
http://www.nyrrc.org/nyrrc/mar01/info/hotelguide.html

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Vince ,
take care and may God Bless you and your family.

Just in case we miss each other on tomorrow , it was a great pleasure
working with you and I somehow feel that you will make it alright.

Once again , God Bless You and thank you for being a wonderful man.

                                     Kevin Moore


Wow, I didn't know I could control anything!

Change order 2 was initialled by Dale and signed by Chris on November 2, re
stack extensions.  I also have a hand marked up change order form from Ed
Danhaus referring to brush power system stabilizers.  Is this what you are
looking for?

The procedure has been that the project team/attorney prepares the draft of
the change order (or has EECC do it), I give it a sanity check and arrange
for signature from GE.

The issue now would be whether this change order should be processed in the
next week, or be a change to the break out contract.  I do not believe the
cost has been included in the payment schedule.

Please give me a call if you would like to discuss this.

Thanks,

Kay

Alan Larsen@ECT
11/29/2000 06:41 PM
To: Kay Mann/Corp/Enron@Enron
cc: Jeff G Slaughter/PDX/ECT@ECT

Subject: Fountain Valley

Kay--In forwarding to Jeff Slaughter, who is on the commercial team for the
Fountain Valley (PSCo) project, your note regarding transportation of large
equipment items, Jeff mentioned that in your role with regard to GE change
orders, you apparently have control over  a change order for this project for
2 additional stacks.  Jeff asked if I could use my good offices, such as they
are, to ask you to provide a change order, I believe to the attention of Ed
Dannhaus at EE&CC.  Thanks for your assistance.
 Al Larsen


---------------------- Forwarded by Kay Mann/Corp/Enron on 02/12/2001 09:32
AM ---------------------------

"Townsend, Christopher J. - CHI" <chris.townsend@piperrudnick.com> on
02/09/2001 06:45:58 PM
To: "'Kay Mann (E-mail)'" <kay.mann@enron.com>
cc: "Elam, Michael H. - CHI" <Michael.Elam@piperrudnick.com>, "Shindler,
Donald A. - CHI" <Donald.Shindler@piperrudnick.com>, "Gershon, Mark A. - CHI"
<Mark.Gershon@piperrudnick.com>, "Nooney, Kathleen L. - CHI"
<Kathleen.Nooney@piperrudnick.com>, "Fein, David I. - CHI"
<david.fein@piperrudnick.com>, "Nora, Mark J. - CHI"
<Mark.Nora@piperrudnick.com>, "Way, Karen S. - CHI"
<karen.way@piperrudnick.com>

Subject: Illinois Projects Update

> Kay --
>
> Attached please find the update regarding ENA's Illinois projects.  Please
> do not hesitate to contact me with any questions or comments regarding the
> status of the various projects.
>
> We are still working to find a date for the PMRW attorneys on the "Enron
> Team" to come to Houston to meet with the Enron attorneys and project
> development leaders.  Please let us know if there are dates or times that
> would be more convenient for you.
>
> Thank you.  Have a Great Weekend!
>
> Christopher J. Townsend
> Piper Marbury Rudnick & Wolfe
> 203 N. LaSalle Street
> Chicago, IL 60601
> (312) 368-4039 (direct line)
> (312) 630-6300 (direct fax)
> christopher.townsend@piperrudnick.com
>   <<Z_9Q17_.WPD>>
>

____________________________________________________________________________
The information contained in this communication may be confidential, is
intended only for the use of the recipient named above, and may be legally
privileged.  If the reader of this message is not the intended recipient, you
are hereby notified that any dissemination, distribution, or copying of this
communication, or any of its contents, is strictly prohibited. If you have
received this communication in error, please re-send this communication to
the sender and delete the original message and any copy of it from your
computer system.
Thank you.

For more information about Piper Marbury Rudnick & Wolfe, please visit us at
http://www.piperrudnick.com/
____________________________________________________________________________

 - Z_9Q17_.WPD


Enron Says It Won't Issue Release on 4th-Qtr Results
Bloomberg, 01/02/2002

Senate Democrats Launch Probe of Enron Collapse With Subpoenas
Bloomberg, 01/02/2002

USA: UPDATE 1-Congressional panel turns up heat under Enron.
Reuters English News Service, 01/02/2002

Enron's Lay to testify to Congress in Feb after backing out of prior hearings
AFX News, 01/02/2002

Enron: CFO Shouldn't Testify At Change-Of Venue Hearing
Dow Jones Energy Service, 01/02/2002

Enron protests request that executive testify at change-of-venue hearing
Associated Press Newswires, 01/02/2002

IN THE MONEY: Enron DIP Financing Likely To Shrink
Dow Jones News Service, 01/02/2002

US Govt Affairs/Enron-2:Enron, Andersen To Get Subpoenas
Bloomberg, 01/02/2002

Andersen Announces Results of Audit Quality Peer Review
PR Newswire, 01/02/2002

Enron, Economy, Market Woes Weigh On Banks' 4Q >C BK JPM
Dow Jones News Service, 01/02/2002

Two state pension funds plan to sue over Enron loses
Associated Press Newswires, 01/02/2002

Azurix Extends Waterworks Concession 3mths.
Business News Americas, 01/02/2002

____________________________________________________

Enron Says It Won't Issue Release on 4th-Qtr Results
2002-01-02 16:10 (New York)
Bloomberg

     Houston, Jan. 2 (Bloomberg) -- Enron Corp., the energy trader which filed for bankruptcy last month, won't announce its fourth-quarter results until March, spokeswoman Karen Denne said.
     The company, once the top energy trader, will include the results in a mandatory quarterly filing with the U.S. Securities & Exchange Commission, known as a 10-Q.
     ``That's what's required,'' Denne said. ``Earnings and the balance sheet will be out at the same time this year.''
     Shares of Houston-based Enron rose 3 cents to 63 cents. They fell 99 percent last year. Enron filed for Chapter 11 bankruptcy protection on Dec. 2.

--Margot Habiby in the Dallas newsroom (214) 954-9452 or mhabiby@bloomberg.net/taw

Senate Democrats Launch Probe of Enron Collapse With Subpoenas
2002-01-02 15:09 (New York)
Bloomberg

     Washington, Jan. 2 (Bloomberg) -- The Senate Government Affairs Committee launched a probe of Enron Corp.'s collapse by issuing subpoenas for documents from the company's officers, directors and accountants.
     Senator Joe Lieberman, a Connecticut Democrat who chairs the committee, said the subpoenas kick off ``a search for the truth, not a witch hunt,'' into questions such as whether analysts misled investors by touting Enron after they should have known it was in trouble.
     ``The suddenness with which this company fell is shocking,'' Lieberman said at news conference. ``Even the savviest investors on Wall Street were blindsided'' by an event that Lieberman said shook ``public confidence in the stock market.''
     The first hearing is scheduled for Jan. 24, the second day the Senate will be in session. The hearing will focus on Enron's use of energy derivatives and the lack of regulatory authority over its trading operations, Lieberman said.
     The subpoenas for documents are being sent to the officers and directors of the company since 1999, as well as Enron's auditors, Arthur Andersen LLP.
     Several other congressional committees are investigating Enron's bankruptcy, the largest in U.S. history, which sent its shares from $84.06 a year ago to 64 cents in afternoon trading. The Senate probe has political implications because it will be run by Democrats, and Enron Chairman Kenneth Lay is a friend of and fundraiser for Republican President George W. Bush.

                         Lay to Be Called

     Lay and former Chief Executive Officer Jeffrey Skilling will eventually be called to testify, Lieberman said. Lay thus far has declined to appear before other committees.
     ``I will not consider the investigation complete without hearing from Mr. Lay and Mr. Skilling,'' Lieberman said.
     Lieberman, who ran for vice president in the 2000 election as Al Gore's running mate, said he would look into Lay's connections to the Bush administration and the formulation of its energy policy.
     ``Some executives of Enron had close relationships with people in the Bush administration,'' Lieberman said.
     Senator Fred Thompson of Tennessee, the top Republican on the committee, has been consulted about how to run the investigation in a nonpartisan fashion, Lieberman said.

                         SEC Investigating

     The Securities and Exchange is investigating whether Enron Corp. illegally hid the size of its debt from shareholders before collapsing in November. Also conducting probes are the House and Senate energy panels; two subcommittees of the House Financial Services Committee; and the Senate Commerce Committee's consumer
affairs subcommittee.
     Representative Henry Waxman, a California Democrat, has asked Vice President Dick Cheney to provide information ``about secret contacts'' that Cheney's energy task force had with Enron officials.
     The Government Affairs Committee is the top investigative panel in the Senate and was used by Republicans to probe former President Bill Clinton's Whitewater involvement and 1996 presidential campaign fundraising.

--William Roberts in Washington (202) 624-1897 or e-mail wroberts@bloomberg.net/ shg

USA: UPDATE 1-Congressional panel turns up heat under Enron.
By Kevin Drawbaugh

01/02/2002
Reuters English News Service
(C) Reuters Limited 2002.

WASHINGTON, Jan 2 (Reuters) - Fallen energy giant Enron Corp. faced further scrutiny on Capitol Hill on Wednesday with another committee announcing a probe of the company's collapse, possibly looking at connections between Enron and the White House.
The Senate Governmental Affairs Committee's permanent subcommittee on investigations said it will subpoena documents next week and scheduled a hearing into the matter for Jan. 24.
"Enron's unexpected collapse raises some troubling questions that the governmental affairs committee will be asking," said Sen. Joseph Lieberman, the Connecticut Democrat who chairs the full committee.
A Wall Street darling just a few months ago, Enron on Dec. 2 made the largest bankruptcy court filing in U.S. history after a rescue takeover by rival Dynegy Inc. fell apart amid investor concerns about Enron's murky finances.
Houston, Texas-based Enron is now under investigation in Washington by the market-regulating Securities and Exchange Commission, the departments of Justice and Labor and at least five congressional committees.
In response to questioning at a briefing, Lieberman said he would not rule out the committee looking into ties between Enron and the administration of President George W. Bush.
"It's a matter of public record that executives of Enron had close relationships with people who are now in the Bush administration. They also had close relations with some Democrats," Lieberman said.
Several of Enron's top executives were major backers of Bush's election campaign, as well as those of other Washington politicians.
Enron Chairman Kenneth Lay "and others played an active role in the formulation of energy policy by the Bush administration," Lieberman said.
"We've got to ask whether the advice rendered was at all self-serving," he said. "There are some interconnections here with the Bush administration but that is not the focus of this investigation."
Sen. Carl Levin, the Michigan Democrat who chairs the permanent subcommittee, said the investigation would focus on the role of Enron's directors in the collapse, the accounting firm Andersen in its audit of Enron's financial statements, and the company's use of complex financial partnerships.
Once ranked No. 7 on the Fortune 500 list of top companies, Enron's stock was trading up 4 cents, or 6.7 percent, at 64 cents a share on the New York Stock Exchange in early afternoon trading on Wednesday, off from an August 2000 high of $90.56.
Thousands of Enron employees lost their jobs and much of their savings. A 401(k) retirement plan that made many of them heavily dependent on company stock came under fire at a congressional hearing last month when employees said they were unable to sell their holdings when the stock price plunged.
"I'm particularly concerned with reports that top executives at Enron were selling their shares of company stock at very high profits while lower-level employees were forbidden from selling theirs," said Sen. Susan Collins, a Maine Republican and ranking minority member of the permanent subcommittee.
The Wall Street Journal, citing internal company documents, reported on Wednesday that top Enron officials knew about financial partnerships involved in the company's downfall and were aware of possible conflicts of interest.
"Something was very rotten in the state of Enron," Levin said, adding that his subcommittee would look into what appeared to be "layer upon layer of conflicts of interest."
Lieberman said no decision had been made on whether to subpoena Lay or other Enron executives. Asked whether SEC Chairman Harvey Pitt would be called before the committee, he said, "We will be calling Mr. Pitt."

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

Enron's Lay to testify to Congress in Feb after backing out of prior hearings

01/02/2002
AFX News
(c) 2002 by AFP-Extel News Ltd

WASHINGTON (AFX) - Enron Corp chairman and chief executive officer Kenneth Lay has informed Senate lawmakers that he will appear before Congress in February to testify on the energy group's collapse after he failed to attend two similar hearings in December, Congressional aides told AFX News.
Lay has been invited to Congress to answer lawmakers questions on the events surrounding Enron's collapse -- the largest corporate bankruptcy in US history -- before the Senate Commerce Committee which is due to hold a hearing into the affair on Feb 4.
"Enron's chairman has indicated that he will be testifying," said a spokesman for Democratic Senator Byron Dorgan, who is scheduled to chair the hearing after Congress returns from its winter break in late January.
At two previous hearings in December, Lay declined to appear before Congress to testify at the last minute, prompting several lawmakers to caution him in his absence that Congress has the power to subpoena witnesses if it desires.
Congress is trying to discover if Enron withheld any material information from its auditors.
Lawmakers also want Enron to answer questions about the freezing of its employees' pension funds, and they are also seeking to find out why Lay divested millions of dollars of Enron stock earlier this year prior to investors losing billions of dollars in the failed company.
jjc/lj

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

Enron: CFO Shouldn't Testify At Change-Of Venue Hearing

01/02/2002
Dow Jones Energy Service
(Copyright (c) 2002, Dow Jones & Company, Inc.)

NEW YORK (AP)--A lawyer for Enron Corp. (ENE) argued in bankruptcy court Wednesday that the Houston-based energy company's chief financial officer, Jeffrey McMahon, shouldn't have to answer questions at a hearing next week to decide whether to move the trial from New York to Houston.
"It's not a subject on which he's competent to testify," said Howard Comet of the law firm Weil, Gotshal and Manges LLP.
Judge Arthur J. Gonzalez delayed any ruling until Friday, giving Comet time to try and convince lawyers representing Dynegy Inc. (DYN), as well as others seeking to move the trial, that no Enron executives should have to testify at the hearing scheduled Monday.
Dynegy, an Enron rival, backed out of a deal to buy the company after once-mighty Enron said it was in worse financial straits than it had originally disclosed.
A lawyer for Dynegy, H. Rey Stroube, said he wants at least one Enron executive to explain why the company believed it was important for the case to be heard in New York instead of Houston and whether money could be saved if the case were administered in Texas.
Comet told the judge that he would try to answer that question, and others, by Friday afternoon, when the parties reconvene in a conference call to discuss the matter, although he said it would be a "practical impossibility" to do so.
Analysts say that Dynegy and other parties suing Enron believe they would get a more favorable hearing in Houston, whose economy has suffered greatly as a result of Enron's demise.
If Stroube were still unsatisfied Friday and the judge sided with him, Comet said he would be willing on Monday to call into court the chief counsel of Enron North America, Mark Haedicke, to explain why the parent company filed for bankruptcy in New York.

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

Enron protests request that executive testify at change-of-venue hearing
By BRAD FOSS
AP Business Writer

01/02/2002
Associated Press Newswires
Copyright 2002. The Associated Press. All Rights Reserved.

NEW YORK (AP) - A lawyer for Enron Corp. argued in bankruptcy court Wednesday that the Houston-based energy company's chief financial officer, Jeffrey McMahon, should not have to answer questions at a hearing next week to decide whether to move the trial from New York to Houston.
"It's not a subject on which he's competent to testify," said Howard Comet of the law firm Weil, Gotshal and Manges LLP.
Judge Arthur J. Gonzalez delayed any ruling until Friday, giving Comet time to try and convince lawyers representing Dynegy Inc., as well as others seeking to move the trial, that no Enron executives should have to testify at the hearing scheduled for Monday.
Dynegy, an Enron rival, backed out of a deal to buy the company after once-mighty Enron said it was in worse financial straits than it had originally disclosed.
A lawyer for Dynegy, H. Rey Stroube, said he wants at least one Enron executive to explain why the company believed it was important for the case to be heard in New York versus Houston and whether money could be saved if the case were administered in Texas. "What factors were considered?" he asked.
Comet told the judge that he would try to answer that question, and others, by Friday afternoon, when the parties reconvene in a conference call to discuss the matter, although he said it would be a "practical impossibility" to do so.
Analysts say that Dynegy and other parties suing Enron believe they would get a more favorable hearing in Houston, whose economy has suffered greatly as a result of Enron's demise.
If Stroube were still unsatisfied on Friday and the judge sided with him, Comet said he would be willing on Monday to call into court the chief counsel of Enron North America, Mark Haedicke, to explain why the parent company filed for bankruptcy in New York.

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

IN THE MONEY: Enron DIP Financing Likely To Shrink
By Carol S. Remond

01/02/2002
Dow Jones News Service
(Copyright (c) 2002, Dow Jones & Company, Inc.)

A Dow Jones Newswires Column

NEW YORK -(Dow Jones)- Enron Corp. (ENE)'s $1.5 billion rescue package may be scaled back amid lingering apathy among bankers recruited to take part in the loan.
Enron's better-than-anticipated cash position, now that the company has stopped servicing its debt, coupled with the lack of appetite of banks tapped to help syndicate Enron's debtor-in-possession, or DIP, financing is likely to result in a smaller loan, people familiar with the matter said.
The interim financing was first negotiated by Enron's two lead lenders, J.P. Morgan Chase & Co. (JPM) and Citigroup (C) in early December shortly after the energy trader filed by Chapter 11 protection in the U.S. Bankruptcy Court for the Southern District of New York.
Final approval of the DIP was first scheduled for Jan. 7, but has since been postponed to the end of the month.
DIP financing is crucial to allow bankrupt companies to continue operating. Enron's original loan package was approved by judge Arthur J. Gonzalez on Dec. 3. A first $250 million installment was made available to Enron but has yet to be tapped by the company.
People familiar with the matter said Enron provided its two lead lenders with a business plan this past weekend. That should, upon review and approval by J.P. Morgan Chase and Citigroup, open the door for the release of another $250 million.
But it's now unclear whether all or any of the remaining $1 billion will be made available to Enron.
Under the original DIP package, the $1 billion is contingent on a number of conditions, including full syndication of the loan and the filing for bankruptcy of Enron's Transwestern Pipeline to secure the return of $550 million to J.P. Morgan Chase and Citigroup. (The $550 million is part of a separate $1 billion financing deal put together by the two banks in mid-November as they rushed to try to keep Enron out of bankruptcy.)
J.P. Morgan Chase and Citigroup floated a syndication term sheet to other large banks in mid-December but found that most were reluctant to take on more exposure to Enron. The DIP loan carries a 350 basis points (3.5 percentage points) over the London Interbank Offered Rate (LIBOR), interest rate.
Banks traditionally agree to provide DIP financing as a way to assure they'll be able to recoup some of their existing exposure to a company that has filed for bankruptcy. Those loans are seen as safe because, under bankruptcy law, they're most senior and are repaid ahead of anything.
In the case of Enron, however, worries about how much of the company's outstanding loans can be recouped and the relatively large exposure of some financial firms, have many rethinking more Enron financing.
It's unclear whether the Transwestern Pipeline, one of Enron's prized assets, will file for bankruptcy if the DIP is cut back.
If not, J.P. Morgan and Citigroup will likely have to keep the $550 million revolver loan they made to Enron in November on their books, instead of getting that cash back. That means the banks will likely end up owning at least part, if not all, of the TransWestern Pipeline which is used to collateralize the loan.
-By Carol S. Remond; Dow Jones Newswires; 201 938 2074;
carol.remond@dowjones.com

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

=DJ US Govt Affairs/Enron-2:Enron, Andersen To Get Subpoenas
2002-01-02 15:26 (New York)
Bloomberg

  At a Capitol Hill press conference Wednesday, Lieberman and Levin promised a
sweeping probe of the company's internal decision making and potential
conflicts of interest, and why auditors and Wall Street analysts failed to warn
investors of the company's problems.
  Ultimately, the committee aims to determine what changes in federal
regulations and oversight are needed to prevent a recurrence of Enron's
financial implosion.
  "The suddenness of this company's fall was shocking. Even the savviest
experts on Wall Street were blindsided," Lieberman said.
  After emerging in the 1990s as a Wall Street darling, the company's stock
price was trading at more than $80 a share a year ago.
  But Enron's equity value collapsed after it became known how the company
overstated its earnings by nearly a half billion dollars since 1997. The
company reduced its equity value by $1.2 billion in the fall, and Enron filed
for bankruptcy protection Dec. 2 with shares selling for less than a dollar.
  The collapse cost investors billions of dollars and wiped out the retirement
savings of thousands of Enron employees while top executives collectively sold
stock worth about $1 billion.
  The committee will hold its first hearing Jan. 24, one day after Congress
convenes, Lieberman said. The investigation will seek to uncover "the flaws in
our system that allowed so many people to be victimized by Enron's collapse,"
he said.
  Lieberman said the committee's probe is intended to identify what steps
government agencies should take to prevent another financial collapse like
Enron's.
  The investigation will be "a search for the truth, not a witch hunt," he
pledged.
  Nevertheless, Lieberman acknowledged concerns about Enron's political
influence with the Bush administration, particularly Enron Chairman Ken Lay's
role in helping frame the White House's energy-policy blueprint issued last
May.
  The committee is engaged in "a search for the truth" that "will go where the
investigation takes us," he said.
  Still, Lieberman noted Enron's "close relations with some Democrats" and
emphasized that political influence wielded by Enron won't be a focus of the
probe.
  Levin said his subcommittee would issue subpoenas Wednesday to Enron's board
of directors and top company executives seeking documents related to decisions
involving the establishment of offshore partnerships the company formed, with
the involvement of key company executives.
  Those special-purpose entities engaged in stock and energy derivatives
trading at the core of Enron's financial problems.
  Next week, the subcommittee will issue subpoenas to Arthur Andersen, Enron's
outside auditor, Levin said.
  The subcommittee will delve into "what appears to be layer upon layer of
conflicts of interest" involving the transfer of Enron debt to the
partnerships, Levin said.
  "Something was very rotten in the state of Enron," Levin said. Either laws
and regulations were violated, or those laws and regulations were inadequate to
prevent Enron's problems from occurring in the first place, he said.
  "A lot of people were either duped or didn't care," Levin said of the
involvement of company officials, Wall Street analysts and auditors.
  "Something this massive should never happen again and it shouldn't have
happened in the first place," the subcommittee chairman said.
  While implicitly critical of the failure of government agencies to prevent
Enron's debacle, Lieberman noted that government "can't protect from every
angle, particularly with a company that was prepared to violate the law, as
this company appeared willing to do."
  The Governmental Affairs Committee investigation marks the fourth
congressional panel to initiate a probe of Enron's collapse. The Senate
Commerce Committee is delving into the matter, as are the Energy and Commerce
and Financial Services committees in the House.
  Lieberman defended his committee's interest in the matter and pledged to
cooperate with other congressional committees in its investigation. The
Governmental Affairs Committee was "uniquely created to investigate something
like this," Lieberman said.
  Levin called Enron's financial collapse "a multifaceted problem." With so
many aspects to explore, there is "more than enough" room for another panel to
weigh in, he said.
  An Enron spokeswoman Wednesday declined to comment regarding the committee's
probe. The company deferred to its outside legal counsel, Robert Bennett, for a
response to Lieberman's assertion that Enron was willing to break the law.
Bennett, who represented former President William Clinton in the Paula Jones
case, was not immediately available.

  -By Bryan Lee, Dow Jones Newswires; 202-862-6647; Bryan.Lee@dowjones.com

Andersen Announces Results of Audit Quality Peer Review

01/02/2002
PR Newswire
(Copyright (c) 2002, PR Newswire)

CHICAGO, Jan. 2 /PRNewswire/ -- Andersen today announced that its system of accounting and auditing quality has been deemed to provide reasonable assurance of compliance with professional standards, following the most extensive peer review in the firm's history. Deloitte & Touche's report, which includes an unmodified opinion for the review year ended August 31, 2001, has been accepted by the Peer Review Committee of the American Institute of Certified Public Accountants' (AICPA) SEC Practice and is available at the AICPA, http://www.aicpa.org/members/div/secps/index.htm .
Every three years since 1978, major accounting firms, under the oversight of the Public Oversight Board (POB), have been engaged to conduct reviews of the accounting and auditing practices of member firms in the AICPA SEC Practice Section (SECPS). The scope of this year's peer review of Andersen was expanded after financial reporting issues emerged at Enron Corp. Andersen requested, and Deloitte & Touche had separately concluded, that expanded procedures were appropriate. Deloitte & Touche independently determined the scope of the expanded peer review procedures.
In total, the peer and Andersen's internal practice review covered 240 Andersen audit engagements in over 30 Andersen offices and the Andersen national office. The engagements reviewed by Deloitte & Touche reviewers and Andersen practice review teams involved some 45 percent of Andersen's U.S. audit partners. The engagements selected for review represented a cross-section of Andersen's accounting and auditing practice with emphasis on higher-risk engagements. It included examining working paper files and reports and interviewing engagement personnel.
Deloitte & Touche's opinion was "unmodified," without qualification. However, three issues not deemed significant enough to affect the opinion were raised in an attached comment letter. Such comments are not unusual in peer review reports. The comments related to: documentation of certain auditing procedures on some engagements; communications with audit committees in some instances; and management representation letters that needed more tailoring in some instances.
In its response to Deloitte & Touche's comments, Andersen said it had taken, or would take, the steps recommended to improve its accounting and auditing practices.
About Andersen
Andersen is a global leader in professional services. It provides integrated solutions that draw on diverse and deep competencies in assurance, tax, consulting, corporate finance, and in some countries, legal services. Andersen employs 85,000 people in 84 countries. Andersen is frequently rated among the best places to work by leading publications around the world. It is also consistently ranked first in client satisfaction in independent surveys. Andersen has enjoyed uninterrupted growth since its founding in 1913. Its 2001 revenues totaled US$9.3 billion. Andersen refers to the brand identity adopted by member firms of the Andersen global client service network. Learn more at www.andersen.com .
MAKE YOUR OPINION COUNT - Click Here
http://tbutton.prnewswire.com/prn/11690X34851027

/CONTACT: David Tabolt, +1-312-931-9000, david.w.tabolt@us.andersen.com , or Patrick Dorton, +1-703-962-2152, patrick.m.dorton@us.andersen.com , both of Andersen/ 15:57 EST
Copyright ? 2000 Dow Jones & Company, Inc. All Rights Reserved.

Enron, Economy, Market Woes Weigh On Banks' 4Q >C BK JPM
By Tara Siegel Bernard

01/02/2002
Dow Jones News Service
(Copyright (c) 2002, Dow Jones & Company, Inc.)

Of DOW JONES NEWSWIRES

NEW YORK -(Dow Jones)- There are a handful of words that will consistently dot the fourth-quarter earnings statements of the nation's largest banks - the economy, Enron and Argentina.
Those are the culprits behind the quarter's feeble profits, reflecting the continued drag of the soft economy on financial firms, exacerbated after the Sept. 11 terrorist attacks on the World Trade Center that shuttered financial markets for four days.
A string of banks - including J.P. Morgan Chase & Co. (JPM), Bank of New York Co. (BK), FleetBoston Financial Corp. (FBF) and some smaller institutions - have already prepped investors with announcements that their quarterly results would be light. The banks cited the rising number of loan defaults, weak capital markets, poor returns on venture capital investments and costs tied to restructuring operations.
"This outlook incorporates the weak economic backdrop together with the natural tendency for fourth-quarter earnings to include 'clean-up' items," analyst George Bicher of Deutsche Banc Alex. Brown. wrote in a research note.
Some of the cleanup involves sweeping bad loans off their books. Enron Corp. (ENE), the beleaguered Houston energy concern, filed for bankruptcy protection on Dec. 2, in a move that shields the company from creditors as it seeks to reorganize. Enron's problems have branched out across Wall Street and the banking industry like tentacles, and some of its largest lenders - including J.P. Morgan Chase, Citigroup and Bank of America Corp. (BAC) - will feel the sting.
Adding to the credit quality pressure is Argentina's financial and political crisis, not to mention rising loan losses across the board.
"With the consumer continuing to hold up relatively well thus far, the focus is clearly on commercial credit," said analyst Mike Mayo of Prudential Securities Inc.
While market-sensitive revenue is likely to rise from the third quarter, it's still weak overall. Merger-and- acquisition activity was still meager, and losses are expected from venture capital portfolios as managers write down investments, analysts noted.
Equity underwriting improved and debt underwriting should log healthy results, although it's not expected to hit the record levels of earlier in the year.

Citigroup Consumer Unit Helps Results

Citigroup, the nation's largest bank, is expected to earn 73 cents a share, up from 63 cents in the third quarter (including a merger charge, it earned 61 cents), and 65 cents in the comparable quarter a year earlier, according to a Thomson Financial/First Call survey. The consumer business, which includes Citigroup's credit-card and consumer finance operations, is expected to post strong results. Though costs to cover bad loans will likely rise modestly, they will be offset by higher fees and improved net interest margin yields - or the difference between the bank's cost of funds and what it charges on loans - as funding costs dropped with falling interest rates.
The Enron factor will likely dent results a bit: The unsecured portion - or the amount of the loan not backed by collateral - of Citi's estimated $900 million exposure to Enron is estimated at between $300 million and $400 million, analysts said. On the Argentine front, where Citigroup is one of the two largest foreign banks along with FleetBoston, the company could incur a loss of one to two cents a share, analysts said.
J.P. Morgan Chase said that as a result of Enron's failure, it would take a charge of $220 million in the fourth quarter on top of a $235 million reduction in trading revenue. In December, the New York financial services company released more specifics on its exposure to Enron which totals $2.6 billion, up from the $900 million figure J.P. Morgan initially disclosed. About $2 billion of the total is secured. Argentine loan losses may also chip into results. Venture capital is another likely sore spot, as the firm will probably have to write down the value on some investments. Other market-related businesses, including trading, are expected to be weak.
J.P. Morgan, the nation's second-largest bank with $712 billion in assets, is expected to earn 36 cents a share, compared with 51 cents in the third quarter (including merger and restructuring costs, it earned 22 cents), and flat with the fourth quarter a year earlier.
Bank of America, the nation's third-largest bank with $625 billion in assets, said in November it would meet analysts' fourth-quarter expectations of $1.25 a share. That's slightly below third-quarter earnings of $1.28 (including costs tied to sales of two businesses it earned 51 cents), but ahead of the 85 cents a share in the comparable quarter a year ago.
Credit quality will also take center stage at Bank of New York. The company said earlier this month that it would take a $275 million charge, largely to cover costs to dispose of its exposure to 24 emerging telecommunications companies and an energy-trading company (Enron). The bank has a total of $758 million in loan commitments to the companies and $488 million in loans outstanding. However, the bank said it will record an initial insurance recovery of $175 million from the terrorist attacks - it had several buildings within blocks of the WTC, including its headquarters. The recovery payments will partially offset those credit costs, and so the bank said it expects the items to reduce fourth-quarter earnings by six cents a share.
At the time of the announcement, analysts' expected fourth-quarter earnings of 50 cents. The bank expects to meet that number, excluding the charge of 6 cents a share. That compares with 52 cents in the third quarter (including charges of 19 cents a share tied to the Sept. 11 attacks, it earned 33 cents) and 50 cents in the comparable quarter last year. The consensus earnings estimate for the latest quarter is now 47 cents a share.
-By Tara Siegel Bernard, Dow Jones Newswires; 201-938-5288; tara.siegel@dowjones.com

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

Two state pension funds plan to sue over Enron loses

01/02/2002
Associated Press Newswires
Copyright 2002. The Associated Press. All Rights Reserved.

INDIANAPOLIS (AP) - Indiana's two largest public pension funds plan to join a federal class-action lawsuit against Enron over millions of dollars the funds lost when the energy giant's stock collapsed.
The Public Employees Retirement Fund and the Teachers Retirement Fund report they collectively lost about $24.2 million from the drop in Enron's stock value. Managers hope to recover that money for the pension funds that have a value of about $18 billion.
"We will certainly be involved as a plaintiff in this action," William Butler, executive director of the employee fund, told The Indianapolis Star. "As long as there is any prospect for recovery, I think it is incumbent on us to protect our members' money."
Several states - including Ohio, Georgia, Washington and Florida - have sought to direct the nationwide lawsuit, which claims that Enron illegally misstated its financial health.
Compared with other states, Indiana's funds were not hit hard. The teacher fund lost about $2.25 million of its $6 billion, and the employee fund lost roughly $22 million of its $12 billion.
Fund managers said the losses would have no effect on present or future payouts.
"Twenty-two million dollars is not insignificant by anyone's measure," Butler said. "But when you look at it in the context of the whole fund, it's thankfully not a very big number."
About 150,000 workers, mostly state and local government employees, pay into the employee fund, with about 49,000 retirees or their families are drawing from the fund.
The teacher fund includes about 80,000 working teachers and 35,000 retirees.
William Christopher, director of the teacher fund, said he expected his board would move to sue the company.
"It's our responsibility to do that," he said. "Even though we just weren't exposed (to Enron) a great deal."
Indiana's constitution prohibited the government employees fund from investing in stocks until an amendment was approved in 1997.
Proponents maintained that investing in the market would increase fund growth over time.
Most of Indiana's investment in Houston-based Enron was in stock groupings that mimicked the S&P 500, managers said.
Enron, which until recently was the country's seventh biggest company in revenue, filed the largest ever U.S. bankruptcy case Dec. 2 after rival Dynegy Inc. backed out of an $8.4 billion takeover offer.
Enron's stock price fell from more than $85 a share a year ago to about 26 cents.
New York state, which also is suing Enron, said it lost $58 million of its $112 billion pension fund in the plunge. Ohio's two largest funds, one for public employees and another for teachers, lost a combined $114.5 million.

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

Azurix Extends Waterworks Concession 3mths.

01/02/2002
Business News Americas
Copyright 1996 - 2002 Business News Americas (BNamericas.com)

Azurix Corp.AZX
Azurix BA, the waterworks concessionaire for Argentina's Buenos Aires province, will continue to provide services for the next three months rather than stepping down this month as announced in October, a provincial official told BNamericas.
The Enron-controlled company and the province will use the three-month period to work on a smooth transition and iron out financial differences, said the official, from Buenos Aires' works and public services ministry.
Authorities are mulling two possible courses to take when Azurix finally leaves: launching an auction to select a new private operator or turning waterworks services over to the province.
Azurix, which has been plagued with quality and service related problems, began its 30-year concession to serve 2.5 million residents of 49 districts in 1999, but called short its tenure due to the province's alleged "serious breaches" of concession terms.
http://www.bnamericas.com
Copyright 1996 - 2001 Business News Americas (BNamericas.com).

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

Sarah Palmer
Internal Communications Manager
Enron Public Relations
(713) 853-9843


any thoughts?
---------------------- Forwarded by Jeffrey A Shankman/HOU/ECT on 10/10/2000
08:58 AM ---------------------------

Rick Bergsieker@ENRON_DEVELOPMENT
10/08/2000 09:21 AM
To: Jeffrey A Shankman@ECT
cc: Wade Cline/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Clay
Harris/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
Subject: Selldown of Metgas

The partial sale of Enron India's 100% interest in Metgas is on Cliff
Baxter's list of corporate assets for sale.  As I expressed in our recent
telephone conversation,  I view Metgas as a key asset that could be of great
value to the EGM LNG network.  I believe that Enron should reconsider whether
or not a Metgas selldown is a wise move at this time for the following
reasons:

1.  The Dabhol LNG terminal is ideally located for future LNG arbitrage
plays, i.e., halfway between middle east and far east LNG suppliers.
Opportunites for Mideast/Far East swaps or shipping backhauls could generate
significant value for EGM.

2.  Metgas currently holds exclusive rights to use Dabhol's LNG terminal for
imports of LNG into India, and it will be at least several years (if ever)
before a second LNG terminal is built in India.  We should not be giving this
strategic position away.

3.  The fact that our competitors (e.g., Petronas, BP, BG etc.) want to buy
in is an indicator that we have something of value.  Even a partial selldown
(and granting of voting rights) to one of these players could serously
compromise our optionality and ability to maximize value to Enron.

4. I suspect that the market value of Metgas at this time (given that there
is still significant developement risk) is fairly small relative to its
network value to EGM.

If, in spite of my arguments, a decison is made to sell down Metgas, there
are two things that we could do to limit the damage:

1.  Prior to the sale, sign an agreement between EGM and Metgas that provides
EGM with exclusive rights to use the terminal, and

2.  EGM should step into the Metgas/Malaysia LNG contract (i.e., EGM should
buy from Malaysia and resell to Metgas) to ensure that we maintain maximum
optionality in this contract.  We could do this in a way that gives us
control of the contract but passes Metgas risk through EGM and back to
Malaysia.

I understand that the time fuse for this selldown is very short---immediate
action is needed if you want a vote on this.

Rick


Great job on discussing status and next steps with the group this afternoon
on OPM.  The presentation and your comments were direct and concise.  And
your delivery of the information was very well done -- you were poised,
organized, prepared and confident.  It was an effective and informative
presentation to the group.

Thanks for your dedication and enthusiasm on this project.


Even the WSJ knows of my investing  prowess!

?
http://wsj.cartoonlink.com/welcome.cgi?first%3dLarry&last%3dBass&sex%3dmale&ci
ty%3d&email%3dlwbthemarine@bigplanet.com&userID%3d965244224&feature%3dhighfina
nce&listsource%3dfreerealtime&deliverylist%3d&action%3dmaillist
 - Your FREE CartoonLink Member Page.url


I do know Jana.  She has worked in various positions within my group for
years since she joined us in the analyst program.  She has not been the
strongest player.  Her level of accuracy has not been what we would have
liked in many of the roles that she has played for us (confirmations and
settlements).  And despite feedback, she is one of those players that just
has never quite viewed her performance level in the same light that we see
it.  She currently supports trading operations for South America, reporting
to Martha Stevens under Scott Mills.  Let me check with Scott on his thoughts
about her current performance and on her in an HR role.  I will let you know
what he thinks.  It may be to date that we just haven't had Jana in the right
role for her.  If I remember correctly, she was originally a teacher who went
back to school to get a business degree.  Very sweet, pleasant to work with
and personable.  I will get back with you after I have talked with Scott, or
I may have him leave you a message.

Cindy Olson@ENRON
11/09/2000 10:05 AM
To: Sally Beck/HOU/ECT@ECT
cc:
Subject: Thank you

Sally, do you know Jana?????  Would you recommend her???
---------------------- Forwarded by Cindy Olson/Corp/Enron on 11/09/2000
09:58 AM ---------------------------

Jana Morse
11/09/2000 09:05 AM
To: Cindy Olson/Corp/Enron@ENRON
cc:

Subject: Thank you

Cindy,
I just wanted to thank you for you time, information, and encouragement
yesterday.  Any guidance you can provide on how I should approach a career
change to Human Resources is very welcome.

I've attached my resume for your review and consideration.  I look forward to
hearing from you soon.

Thanks again,
Jana Morse x30972


I did not see this.  Thank you.  I think they did a very good job in their comments.

-----Original Message-----
From: Cantrell, Rebecca W.
Sent: Thursday, October 11, 2001 5:11 PM
To: Tholt, Jane M.
Cc: Lawner, Leslie; Fulton, Donna
Subject: FW: Comments On Technical Conference, RP00-336

Janie -- I assume you already knew about this, but just in case.....

-----Original Message-----
From: Amelia Rivera
Sent: Thu 10/11/2001 3:30 PM
To: sarah.tomalty@dynegy.com; Cantrell, Rebecca W.; gsmith@jhenergy.com; jima@pandaenergy.com; amy.sheridan@williams.com
Cc: bbrigham@sidrichgas.com; cwminshew@sidrichgas.com; Michael Haddad; Joseph KOURY; Michael THOMPSON
Subject: Comments On Technical Conference, RP00-336

Attached is a draft of Richardson Energy's comments on the technical conference in El Paso's Docket No. RP00-336. The comments must be filed on Monday  October 15, 2001.

 As discussed at the conference, Richardson's comments focus on opposition to El Paso's proposal to split its 6 existing pooling points into 20 points. From past discussions, we hope and anticipate that your company or client will be taking a similar position. In that regard, we are circulating these draft comments to facilitate the presentation of common positions by similarly situated parties. We hope this draft will be of help to you in preparing your comments.

Thank you.


----- Forwarded by Steven J Kean/NA/Enron on 03/18/2001 07:50 PM -----

	eserver@enron.com
	03/16/2001 09:59 AM

		 To: "Steven.J.Kean@enron.com" <Steven.J.Kean@enron.com>
		 cc:
		 Subject: <<Concur Expense Document>> - JS3/15/01

The following expense report is ready for approval:

Employee Name: James Steffes
Status last changed by:  Automated Administrator
Expense Report Name: JS3/15/01
Report Total: $4,231.54
Amount Due Employee: $4,231.54

To approve this expense report, click on the following link for Concur
Expense.
http://nahou-wwxms01p


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Thanks for the update.  Mark


Sorry I missed the meeting . I just now am reading my E-Mail messages form
yesterday and today.


Dear Body Shop Members,
"Healthy Habits for the Holidays" October 22nd - December 14th

Week Five - Healthy Habit Tip
Stress Management:   "Take Five"  It takes only 5-minutes to recharge your batteries with renewed energy.
Relax and sit in a comfortable chair.
If possible close your door and your eyes.
Slowly take deep breaths, inhale through the nose and exhale through the mouth.
Focus on a beautiful scene, special moment, happy occasion, or warm feeling.
Taking a few of these mini-breaks throughout your day will help you remain focused, calm, cool and collected.
Weight Management:  Fat Free Cookies
Don't be fooled by the term "fat free" on a food label.  While there are a myriad of fat free products on the market today, many of them are loaded with calories and concentrated sugars.  May fat free versions of foods contain only a few less calories per serving then their fatty counterparts.  Five fat free cookies 50 calories each still adds up to a significant caloric intake.  Be a smart shopper.  Compare calorie and fat contents when choosing products and practice moderation when eating high sugar or high fat foods.

Members who workout a minimum of (3) times each week between October 22nd and December 14th will be entered in the weekly drawing for massages, apparel, and more.  (Weekly participation based on members Enron ID badge check-ins at the Body Shop Front Desk).
Congrats to:  Pete Prelli -Winner of Week Four Massage & Kenneth Mathis - Winner of Week Four Enron Travel Bag

<Embedded Microsoft Clip Gallery>


Please provide Mary Cook with Canada reports by the end of the day.  Thanks.

Esmeralda Gonzalez
Enron North America Corp.
Legal Department
1400 Smith Street, EB3815
Houston, Texas 77002
e-mail: esmeralda.gonzalez@enron.com
Phone: 713-345-7621
Fax: 713-646-3393


37147	IPP agreement - our pooling contract.
39149  AS agreement -
66917  AS agreement -

I think the AS agreements are aggregation supply and I believe the wellhead meters were attached to these contracts to help with allocations and billing.  I not 100% sure so I left a message for our CGAS contact to verify.

 -----Original Message-----
From: 	Versen, Victoria
Sent:	Monday, February 11, 2002 12:16 PM
To:	Germany, Chris
Subject:	TCO

Chris,

I am working on a project and I need a little help.  Do you know if the following contracts on TCO are pooling or transport?

37147
39149
66917

Thanks,

Vicki
x30903


Yo, you about ready?


Dear Team,

The Fundamental Analysis Team is developing a presentation database that will:

Creating a centralized repository of presentations that are current for each commodity group
Better document management - multiple users can simultaneously view and select various slides.  This will increase speed of presentation development since users can email their
        selected information to the development team.
Add to Cart feature - allow employees to select the slides they need from various presentations and email it to their inboxes.
Provide standardized formats and up-to-date information

We are in the process of developing a program that will encompass the benefits above.  In the meantime, a temporary database has been created in the
o:/Industrial Markets/Fundamentals/Presentation Database.  The database is divided in to commodity groups and specific topics.

Please forward me any presentations that you are currently using and I will add them to this database.  If you have any questions, please call me.

Thank you,

Stacey

Stacey L. Wales

Stacey Wales
Origination Transaction Support
Enron Industrial Markets
713-345-7186


ok

 -----Original Message-----
From: 	Quigley, Kay
Sent:	Tuesday, October 30, 2001 11:13 AM
To:	Quigley, Dutch
Subject:	RE: good morning

Actually I have thought about and I would prefer to just rent.
I look forward to purchasing a house in future or something substantially bigger.
From an investment perspective- I think we will have other opportunities in future.
we can talk tonite too if you want
ily
kay

From:	Dutch Quigley/ENRON@enronXgate on 10/30/2001 10:51 AM
To:	Kay Quigley/HOU/EES@EES
cc:
Subject:	RE: good morning

it is heading south alright , all of the options are out of the money so it really does not matter
ok on the rest , we need to talk about the living arrangement and see what we think as too
do we want to buy or jsut rent , can we talk tonight ??

 -----Original Message-----
From: 	Quigley, Kay
Sent:	Tuesday, October 30, 2001 9:38 AM
To:	Quigley, Dutch
Subject:	good morning

how low can it go??yikes our stock
Spoke to Linda's assistant today and told her we wanted
to know what rent was running for the other similar townhouses
and also what a purchase price would be- she does not know and said that she gave
Linda my message from last time as well as this time but that she is
not taking any calls....
this is the best I can do...
ily
kq


Rob, I think we should renew the flame for the three year period.  My
understanding is that it is $75 K Cdn per year roughly.  Not paid up-front
and cancellable if Flames leave Calgary or disappear.  Expense in Canada.  It
is your call ultimately.

Regards
Delainey


Ladies and Gentlemen:

	Yesterday,  Ted Rosen (a partner with Wortham's, our broker on the insurance policy on all three of these claims) and I spoke with Sharron West, the contract adjuster for Underwriters, about the status of a response to our request for extensions of time in all these cases, which she received by fax last Friday.

	West advised that she had transmitted this request to Underwriters with her recommendation that it be granted.  West anticipates an answer by this Friday.  West will be largely out of town on vacation between Christmas and the New Year, and volunteered that she did not want to be bothered with responding to lawsuits during the few days she would be in the office.

	As I told Ron, I have a high degree of confidence that our request will be granted.

	I will report further tomorrow.

	I will continue to keep you advised.

	Britt


Tom,
I politely advised the lady with Spinnaker that she needs to get me the
changes by 10:30 or I would have to make the change the following day.
Just a FYI....they called at 11:15 and just Emailed it to me.
Mark
---------------------- Forwarded by Mark L Schrab/HOU/ECT on 12/04/2000 12:44
PM ---------------------------

Billyoung3@aol.com on 12/04/2000 11:52:15 AM
To: nferrie@enron.com, mschrab@enron.com, victoria.versen@enron.com,
RYKESTER@aol.com, sschro@wtoffshore.net, ajt3@petroquest.com
cc:
Subject: Fwd: December Nominations for VR 376 ( VR 375 #A-1/#A-1-D)

Nelson please coordinate renominations per attached. If for any reason Enron
differs in opinion, please advise asap.
Return-Path: <mgullette@petroquest.com>
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From: "Marilyn Gullette" <mgullette@petroquest.com>
To: "Bill Young \(E-mail\)" <Billyoung3@aol.com>,        "Tom Jones
\(E-mail\)" <tjones@spinexp.com>
Cc: "Alfred Thomas, III"@linux1.globalreach.net
Subject: December Nominations for VR 376 ( VR 375 #A-1/#A-1-D)
Date: Mon, 4 Dec 2000 10:42:20 -0600
Message-ID: <000e01c05e11$2e214080$2c01a8c0@marilyn2>
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Importance: Normal

This is to request that Spinnaker increase their nomination effective as
soon as possible from the current 9,100 to 12,600.  A spreadsheet is
attached showing the figures and method used to determine the requested
rate.  I will continue to monitor the well(s) daily for rate changes and
will advise of required changes in noms.

Please advise when you have increased your nom and the effective date -
either by e-mail or telephone (direct line 337/272-7403).  Thank you for
your cooperation in this effort to maintain a balance between noms and
delivery.

 - WS to calc suggested noms for Dec VR 375.xls


Kevin - In case credit did not get back with you; this payment due PJM was from RETAIL not wholesale.  We made our payment as required on Monday.  EES sent their payment today.  Call me if you have questions.  Thanks, Leslie

-----Original Message-----
From: Bradford, William S.
Sent: Wednesday, November 21, 2001 9:27 AM
To: Reeves, Leslie
Subject: FW: NOTICE OF PJM OPERATING AGREEMENT BREACH - November 20th
PAYMENT TO PJM IS OVERDUE
Importance: High

-----Original Message-----
From: Steffes, James D.
Sent: Wednesday, November 21, 2001 9:26 AM
To: Bradford, William S.; Presto, Kevin M.
Subject: FW: NOTICE OF PJM OPERATING AGREEMENT BREACH - November 20th
PAYMENT TO PJM IS OVERDUE
Importance: High

FYI
-----Original Message-----
From: Hartsoe, Joe
Sent: Wednesday, November 21, 2001 9:20 AM
To: Nicolay, Christi L.; Steffes, James D.
Cc: Kean, Steven J.; Shapiro, Richard
Subject: FW: NOTICE OF PJM OPERATING AGREEMENT BREACH - November 20th
PAYMENT TO PJM IS OVERDUE
Importance: High

FYI

-----Original Message-----
From: daughes@pjm.com [mailto:daughes@pjm.com]
Sent: Tuesday, November 20, 2001 8:43 PM
To: bpitre@enron.com; jhartso@enron.com
Cc: drausl@www1.pjm.com; lynchmr@www1.pjm.com
Subject: NOTICE OF PJM OPERATING AGREEMENT BREACH - November 20th
PAYMENT TO PJM IS OVERDUE
Importance: High

> This is your formal notice that PJM now considers your company in breach of
> the PJM Operating Agreement for non-payment of your November 7, 2001 PJM
> invoice by 1 p.m. today. In accordance with the current provisions of Section
> 15.1.3 of PJM's Operating Agreement, you have three business days to rectify
> this breach by making full payment to PJM. If this breach is not rectified by
> the end of PJM's business day on Tuesday, November 27, 2001, PJM will declare
> your company in default and terminate your rights to participate at PJM
> committee meetings, to transact business in PJM's markets, and to receive
> transmission service from PJM. Additionally, all PJM Members will receive a
> list tomorrow of companies that did not pay their invoice for October activity
> on the due date.
>
> If you have any questions regarding this notice or the amount your company
> owes to PJM, please contact Molly Lynch at 610-666-8876 or Lisa Drauschak at
> 610-666-4247.
>
> Suzanne Daugherty
> Controller


-----Original Message-----
From: Delaney Hunter [mailto:dhunter@s-k-w.com]
Sent: Wednesday, September 12, 2001 11:38 AM
To: Jeff Dasovich (E-mail)
Subject: FW: Direct Access Language

-----Original Message-----
From: Mike Florio [mailto:mflorio@turn.org]
Sent: Tuesday, September 11, 2001 3:23 AM
To: Delaney Hunter
Subject: Direct Access Language

Delaney--  DJ asked me to forward some language that I had put together on
a possible direct access concept.  I doubt that it would be anyone's first
choice, but who knows what might happen in the chaos of the week.   MIKE


How about tomorrow morning at 9am in my office (3902)?

 -----Original Message-----
From: 	Howard, Kevin A.
Sent:	Wednesday, March 20, 2002 2:26 PM
To:	Harris, Steven; Donoho, Lindy; Thames, Davis
Subject:	TW forecast

Steve:
I think it makes sense to get together either later today or tomorrow morning to go over the forecast.  Given that Tracy is out, I don't want anything to slip through the cracks.  Except for a 3-4 meeting, I am free after that.


(See attached file: hpl0831.xls)

 - hpl0831.xls


Alex,

As promised.

Vince


Thank you so much for your response.

     I will be retiring effective August 4th and my replacement will be Ms.
     Mara Alexander.  It has been a pleasure working with Enron and my best
     wishes for your personal and professional success in the future.

     Best regards,
     Marty Oelmann

______________________________ Reply Separator
_________________________________
Subject: Form of Letter of Credit
Author:  Tana.Jones (Tana.Jones@enron.com) at admpom01-unix-mime
Date:    7/28/00 5:00 PM

At the request of Sara Shackleton, attached is our form of Letter of Credit.

(See attached file: SCHEDULE 1.doc)


Attached is the latest draft of a memo outlining the changes to severance, vacation, et al.  While I know that we don't have a decision on severance, Michelle Cash and I have discussed most likely only being able to include a link to the restated plan.  If we do that, any language in the memo related to severance will be very generic.  I've also added information about the suspension of the Educational Assistance Program.  (Q: Rick, is the cut off date Nov. 2002, or should it be 2001?)  Let me know your thoughts when possible.  We'd like to send this as soon as we get word from David that a plan has been selected.

Michelle, when we know which plan is selected, we'd still like to have some summary language/talking points we can provide HR generalists and supervisors to help them briefly explain the plan as they are talking with employees.


Yair:

I am unavailable Wed - Fri next week.  We really need to discuss this and
have the agreement executed.

Tracy and I propose 12 pm EST (11 am CST and 9 am PST) on Monday, April 30.
We believe this will be a very short discussion.

Please reply to both of us.  Thanks.

Sara Shackleton
Enron North America Corp.
1400 Smith Street, EB 3801a
Houston, Texas  77002
713-853-5620 (phone)
713-646-3490 (fax)
sara.shackleton@enron.com

	"Yaish, Yair (OGC)" <YYaish@exchange.ml.com>
	04/24/2001 07:29 PM

		 To: "'Sara.Shackleton@enron.com'" <Sara.Shackleton@enron.com>
		 cc:
		 Subject: RE: "Transfer" provision

I am prapring for a trip to Denver tomorrow.  Can we push this off until next
week.

Yair Yaish
Office of General Counsel
AEGM
2-7955

-----Original Message-----
From: Sara.Shackleton@enron.com [mailto:Sara.Shackleton@enron.com]
Sent: Tuesday, April 24, 2001 7:44 PM
To: yyaish@exchange.ml.com
Cc: Tracy.Ngo@enron.com
Subject: "Transfer" provision

Yair:

Tracy and I would like to discuss the "Transfer" issue with you tomorrow,
if possible.  We think this should be a short discussion (maybe 10
minutes).  How is 1 pm NY time, tomorrow Wednesday April 25?  This seems to
be the most convenient for both of us, but we will entertain times before 3
pm NY time.

Would you please email your response?

Thanks.

Sara Shackleton
Enron North America Corp.
1400 Smith Street, EB 3801a
Houston, Texas  77002
713-853-5620 (phone)
713-646-3490 (fax)
sara.shackleton@enron.com


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