Julie,

What info do you have on the Praxair deal (#70171)?  Should this be on ENA or
HPLC?

D

	Cheryl D King
	05/23/2000 09:27 AM

Sent by: Cheryl Dudley
To: Daren J Farmer/HOU/ECT@ECT
cc: Mary M Smith/HOU/ECT@ECT
Subject: Re: ENA Sales on HPL

Daren - thank you for the list of the true, remaining ENA sales customers.  I
have been researching your list & getting the contractual volumes that Brenda
needs.  I am confused about Praxair though.

The sales contract between ENA & Praxair was assigned to HPLC eff/ 10/1/99.
The only remaining contract between ENA & Praxair is a Master Financial
Agreement.

Does Praxair really need to remain under ENA or is it okay under HPLC?  If it
really needs to be under ENA, we will need to un-do the 10/1/99 assignment to
HPLC or set-up a new contract between ENA & Praxair.

Please advise.

Daren J Farmer
05/11/2000 03:11 PM
To: Cheryl Dudley/HOU/ECT@ECT
cc:
Subject: Re: ENA Sales on HPL

Cheryl,

The counterparties with which ENA currently sales gas are:

City of Brazoria
Central Illinois Light Company
D & H Gas Company, Inc.
Markham Gas
Merit Energy Partners
Praxair
Reliant Energy - Entex
Reliant Energy - HL&P
Southern Union Company
Texas Utilities Fuel Company (Now TXU Fuel Co)
Union Carbide Corporation
Unit Gas Transmission Company Inc

ENA has transacted with the other companies listed below, but that will most
likely not happen again.  (HPL will trade with those counterparties.)

All ENA trades on HPL will be in Sitara.  We have reports which can be
generated out of CPR that can list all deals by counterparty for ENA.  Let me
know if you need something like that.

Let me know if you have any other questions.

D

	Cheryl D King
	05/10/2000 08:42 AM

Sent by: Cheryl Dudley
To: Brenda F Herod/HOU/ECT@ECT
cc: Daren J Farmer/HOU/ECT@ECT, Mary M Smith/HOU/ECT@ECT
Subject: ENA Sales on HPL

Just to update you on this project's status:

Based on a new report that Scott Mills ran for me from Sitara, I have come up
with the following counterparties as the ones to which ENA is selling gas off
of HPL's pipe.

Altrade Transaction, L.L.C.   Gulf Gas Utilities Company
Brazoria, City of     Panther Pipeline, Inc.
Central Illinois Light Company   Praxair, Inc.
Central Power and Light Company  Reliant Energy - Entex
CES - Equistar Chemicals, LP   Reliant Energy - HL&P
Central Illinois Light Company  Southern Union Company
D & H Gas Company, Inc.   Texas Utilities Fuel Company
Duke Energy Field Services, Inc.  TXU Gas Distribution
Entex Gas Marketing Company   Union Carbide Corporation
Equistar Chemicals, LP    Unit Gas Transmission Company Inc.

Since I'm not sure exactly what gets entered into Sitara, Pat Clynes
suggested that I check with Daren Farmer to make sure that I'm not missing
something (which I did below).  While I am waiting for a response from him
and/or Mary Smith, I will begin gathering the contractual volumes under the
above contracts.

---------------------- Forwarded by Cheryl Dudley/HOU/ECT on 05/10/2000 07:56
AM ---------------------------

	Cheryl D King
	05/08/2000 04:11 PM

Sent by: Cheryl Dudley
To: Daren J Farmer/HOU/ECT@ECT, Mary M Smith/HOU/ECT@ECT
cc:
Subject: ENA Sales on HPL

I am working on a project for Brenda Herod & was wondering if one of you
could tell me if I'm on the right track & if this will get everything for
which she is looking.

She is trying to draft a long-term transport/storage agreement between ENA &
HPLC which will allow ENA to move the gas to their markets.  In order to
accomplish this, she needs to know all of the Sales to customers that ENA is
doing off of HPL's pipe.

I had Scott Mills run a report from Sitara showing all ENA Buy/Sell Activity
on HPL since 7/99.  If I eliminate the Buys & the desk-to-desk deals, will
this give me everything that I need?

Are there buy/sell deals done with ENA on HPL's pipe that wouldn't show up in
Sitara?  Someone mentioned something about deals where HPL transports the gas
on it's own behalf then ENA sells it to a customer at that same spot  --
?????  Do deals like that happen? Would they show up in Sitara?

Is there anything else that I'm missing?  I'm not real familiar with how some
of these deals happen nowadays so am very receptive to any
ideas/suggestions/help that you can offer !!!

Thanks in advance.


Mr. Hellmold's second report does not contain a list of the documents or other
materials that he reviewed in preparing the report.  I would appreciate
receiving such a list ASAP.
                                                                                ................................................

ALSCHULER GROSSMAN STEIN & KAHAN LLP
ATTORNEYS AT LAW
www.agsk.com

2049 Century Park East
Thirty-Ninth Floor
Los Angeles, CA 90067-3213
Tel 310-277-1226
Fax 310-552-6077

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I reviewed the ECAR filing.  ECAR is requiring Enron to agree to use it as an
ECAR control area.  I generally think it is a good filing and of importance
because it is one of the first times that any reliability requirement of a
region has been filed at FERC (ECAR asks FERC to balance commercial needs,
reliability, equity, legal and policy objectives).  The compensation between
ECAR control areas is meant to discourage Cinergy-type stealing from the
grid.  It is mandatory for ECAR and ECAR invites other regions to
participate.

Inadvertant interchange (II) will be calculated over one hour.  The NERC
performance subcomm. will balance the II to establish long and short
parties.  Based on a proportional allocation, the short party will pay the
long party its top incremental cost (highest purchase price or generation
price for power) + 10% penalty.  A $15/MW offset is used as the price of
power repaid in kind to the interconnected system based on existing NERC
settlement procedures.  Price information is confidential.

The ECAR dispute resolution procedure is applicable (binding ADR is
voluntary).  Parties retain the right to go directly to FERC.

Lloyd -- Are you OK with the specifics?

I do not see any reason to protest this.  EPSA wants to use the $15 offset to
show what may be reasonable for generator interconnects and I am discussing
it with EPSA.  We should file a routine intervention (to obtain pleadings,
orders, etc.)  Interventions are due Friday, May 5.

Anyone disagree?

Dave Mangskau@ENRON
04/20/2000 04:58 PM
To: Christi L Nicolay/HOU/ECT@ECT
cc: Charles Yeung/HOU/ECT@ECT, Greg Woulfe/HOU/ECT@ECT, Patrick
Hanse/HOU/ECT@ECT, Bill Rust/HOU/ECT@ECT, Lloyd Will/HOU/ECT@ECT, Richard
Ingersoll/HOU/ECT@ECT, Joe Hartsoe/Corp/Enron@ENRON
Subject: Re: ECAR filing

Christi:
for your info if you plan to file in support of this ECAR action, as Enron's
rep to ECAR  I discussed this internally and have been supportive of a final
product that includes sanctions.  Enron is not a voting member nor were we
given an opportunity to make changes to the final document that went out for
ballot..........but it was similar to what was discussed in recent ECAR
meetings and was finalized after ECAR reps met with FERC staff to meet FERC
concerns.

In addition, several weeks ago I presented the ECAR concept to the MAPP
Executive Committee and after discussion MAPP passed a resolution of support
for what ECAR was trying to accomplish to improve reliability.   In order to
make a payment sanction for inadvertent really work, it should be approved by
an entire interconnection.  ECAR officials are expecting approval very
quickly so that sanctions are in place this summer to help support
reliability.

If Enron has changed its position, and we plan to oppose this action, lets
discuss the ramifications including putting at risk the expected Executive
Board action on May 1 to ratify CRC and OP & L recommendations to grant
conditional certification of our two control areas in
ECAR.                    thanx

	From:  Christi L Nicolay @ ECT                           04/20/2000 11:17 AM

To: Charles Yeung/HOU/ECT@ECT, Dave Mangskau/Corp/Enron@Enron, Greg
Woulfe/HOU/ECT@ECT, Patrick Hanse/HOU/ECT@ECT, Bill Rust/HOU/ECT@ECT, Lloyd
Will/HOU/ECT@ECT, Richard Ingersoll/HOU/ECT@ECT
cc: Joe Hartsoe/Corp/Enron@Enron, Charles Yeung/HOU/ECT@ECT

Subject: ECAR filing

ECAR actually filed this at FERC already this week.  I am getting a copy of
the filing.  We will have an opportunity to respond to it at FERC.
---------------------- Forwarded by Christi L Nicolay/HOU/ECT on 04/20/2000
11:15 AM ---------------------------

"Nancy Pickover" <npickover@bracepatt.com> on 04/20/2000 10:14:08 AM
To: <Christi.L.Nicolay@enron.com>, <snovose@enron.com>
cc:
Subject: ECAR filing

** PRIVATE **

ECAR has filed a Section 205 request for Commission approval of an
"Inadvertent Settlement Tariff."  The Tariff is intended to obligate each
Party to make payment and to entitle each Party to receive compensation for
Inadvertent Interchange from each other Party pursuant to ECAR's Inadvertent
Settlement Procedure.  Parties to the settlement include Allegheny Power
(Monongahela Power Company, The Potomac Edison Company, and West Penn Power
Company), American Electric Power Co., Big Rivers Electric Corp., Cinergy
Corp., Consumers Energy Co., The Dayton Power and Light Co., The Detroit
Edison Co., Duquesne Light Co., East Kentucky Power Cooperative, Inc.,
FirstEnergy Corp., Hoosier Energy REC, Indianapolis Power and Light Co., LG&E
Energy Corp., Northern Indiana Public Service Co., Ohio Valley Electric
Corp., and Southern Indiana Gas and Electric Co.

I will let you know when this gets noticed.


Will call with further details (location)
Would like for Greg to attend at least at 11am if he can't attend entire
meeting and leave after they've gotten started.
Jessica Ramirez


I created a purchase from CES (deal 149778) to replace the CPR STORAGE deal.

Victor, please move the daily volumes to deal 149778.  As far as I can tell,
ENA should not be billing CES for their storage gas.  So, we should show a
purchase from CES for the storage gas.  Of course it will get much more
complicated once we resolve all of the retail issues.


FERC has already stricken some items off of its agenda (the meeting begins in about 30 minutes).  The stricken items are:

The Portland General and EPMI filings to allow PGE to use EnronOnline

Removing Obstacles to Increased Electric Generation and Natural Gas Supply in the Western United States

Mirant vs. ISO New England (June 20, 2001 complaint by Mirant regarding ISO's proposal to revise procedures for mitigation of generators run out of economic merit order during transmission constraints).

HQ v. NYISO (regarding HQ's request for FERC to order ISO to reinstate the May 8, 2000 market clearing price)

Maine PUC vs. New England ISO (regarding the PUC's complaint against the NE ISO asking FERC to direct the ISO to recalculate the energy clearing price on May 8, 2000).

We will let you know what happens at the meeting on the remaining agenda items.

Sarah

	Sarah Novosel 07/06/2001 04:51 PM 	   To: Northeast Group, RTO Group  cc:   Subject: FERC Agenda

FERC has two meetings in July (July 11 and 25) and then is on recess for the month of August.  The next FERC meeting after July will not be held until September 12.  Consequently, FERC tries to get out as many orders as it can in July so the backlog is not as great in September.

Consistent with that goal, FERC has included a lot of cases on its July 11 agenda.   While some of these cases may be stricken from the agenda for July 11(and either deferred to the July 25 meeting or until September), we are still expecting a lot of action from FERC in July.  The following cases are on FERC's July 11 agenda:

RTO Proceedings

Alliance RTO

SPP and Entergy RTOs

PJM and PJM West RTOs

New York RTO

New England RTO

RTO West

Southern RTO

Two new RTO dockets entitled "Regional Transmission Organizations"

Other Proceedings

Mirant vs. ISO New England (June 20, 2001 complaint by Mirant regarding ISO's proposal to revise procedures for mitigation of generators run out of economic merit order during transmission constraints).

NYSEG v. NYISO (regarding ISO's hybrid fixed block pricing rule)

NERC (these are old docket numbers that go back to orders issued in 1999 regarding TLR -- Southern and VEPCO sought rehearing of the TLR procedures in June, 1999, arguing that they could result in shedding load.  FERC may be responding to those rehearing requests).

HQ v. NYISO (regarding HQ's request for FERC to order ISO to reinstate the May 8, 2000 market clearing price)

Maine PUC vs. New England ISO (regarding the PUC's complaint against the NE ISO asking FERC to direct the ISO to recalculate the energy clearing price on May 8, 2000).

California Proceedings

San Diego Gas & Electric v. Sellers (Docket No. EL00-95-038 -- several parties have already sought rehearing of the June 19 order -- this could be a non-substantive tolling order (putting on hold these requests for rehearing), or it could be something more substantive.

Removing Obstacles to Increased Electric Generation and Natural Gas Supply in the Western United States

Please let me know if you have any questions concerning these proceedings.

Sarah


NETWORK WORLD NEWSLETTER: ANNE SKAMAROCK on
STORAGE
01/29/02
Today's focus: Policy-based automatic provisioning

Dear Wincenty Kaminski,

In this issue:

* Introducing InterSAN's Pathline
* Featured reader resource

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showing you best practices, case studies and a feature on the
individual streaming media champions leading the charge. Check
it out at http://nww1.com/go/ad237.html

_______________________________________________________________
Today's focus: Policy-based automatic provisioning

By Anne Skamarock

Those who read my articles regularly, know how I feel about the
lack of interaction between storage infrastructure management
point products and the applications that use the storage in a
heterogeneous environment. InterSAN is addressing this issue
with its recently announced Pathline product.

Today, there are products available that can easily discover
all the components on a storage-area network (SAN) and create a
map of the components for administrators to visualize. Many of
these products provide environment-monitoring capabilities much
like the popular network frameworks. However, given a problem
these products cannot take anything but the simplest course of
action because they have no interaction or knowledge of the
applications using the infrastructure.  This requires an expert
administrator or two or three...

InterSAN's Pathline product solves this problem. Released for
general availability last month, Pathline provides the
automated discovery, topology rendering, and event management
described above and goes beyond that. The product ties in the
application to manage the relationship between the application
and the data path through policy-based automatic provisioning.

Well, what does policy-based automatic provisioning mean? When
storage is being allocated for an application, the
administrator will either select an existing policy or create
one specifically for that application. That policy defines the
quality-of-service (QoS) requirements of the application.  Once
the policy has been chosen, Pathline creates the optimal data
path, which InterSAN calls a Virtual Private Data Path (VPD),
from the application to the storage where the application data
resides. The SAN infrastructure components are configured
automatically, without requiring administrator interaction at
the component level.

So, what is meant by policy that defines QoS? The policies
describe the type of storage, the connectivity and the amount
of redundancy required by the application. Given the policy
description the VPD is created or provisioned for that QoS.  In
conjunction with the data path description, a service level
requirement can be set within the policy that defines the
availability objectives (99.9%, 99.99%, etc.). Once a service
level has been added to the policy, Pathline monitors and
reports application-data-path uptime and alerts on exceptions.

Finally, though certainly not of least importance, Pathline
policies allow security requirements to be described. The
ability to define what actions to take upon an application data
path security breach, provides a level of security management
and enforcement currently unavailable from other software
products.

At last, the storage management market, with the Pathline
product, is starting to integrate capabilities to provide
business-relevant management of storage and storage area
networks.

_______________________________________________________________
To contact Anne Skamarock:

Anne Skamarock is an analyst with Enterprise Management
Associates (http://www.enterprisemanagement.com).  She has
worked with networked storage for the last 15 years and is
currently focused on the storage practice within EMA. She
can be reached at mailto:askamarock@enterprisemanagement.com
_______________________________________________________________
PRODUCT INFO IN ONE CONVENIENT LOCATION!

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RELATED EDITORIAL LINKS

InterSAN
http://www.intersan.net/
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Copyright Network World, Inc., 2002

------------------------
This message was sent to:  vkamins@enron.com


Just a quick reminder, Friday is the last day to purchase your discount ski
tickets.? We need to buy 50 to make this thing happen.? Please get your
checks in ASAP.? Thanks

Redwoods@Haas is organizing discounted ski tickets at Squaw Valley and Alpine
Meadows.?

This is a great way to save some money if you plan on skiing this year.?
Both Squaw and Alpine are PREMIERE North Lake Tahoe ski resorts.

Squaw Valley Tickets cost $45 each and include night skiing. (Regular Price
$54)
Make checks payable to Will Birdsey and leave them in my MBA02 mailbox.?
Deadline Friday, October 27th!

Alpine Meadows Tickets cost $42 each.? (Regular Price $52)
Make checks payable to Matt Hawe and leave them in his MBA02 mailbox.?
Deadline Friday, October 27th!

Tickets are good all ski season (including holidays and weekends)
Tickets are transferrable
Buy as many (or as few) tickets as you want

See you on the slopes!


Lv Co Gen deal.
---------------------- Forwarded by Kay Mann/Corp/Enron on 03/07/2001 10:35
AM ---------------------------

Stephen Thome@ECT
03/07/2001 10:26 AM
To: rvicens@deltapower.com, aharrington@deltapower.com
cc: Jake Thomas/HOU/ECT@ECT, Kay Mann/Corp/Enron@Enron, Carlos
Sole/NA/Enron@Enron

Subject: LM6000 Documents

Tony, Rick

Our counsel has provided these drafts of the project documents.  Please
review.  We also anticipate sending out the turbine contracts later today.

Please be advised of our timeline.  Since we need to fund escrow by Wednesday
21 March, it is imperative that we are able to sign these documents on Friday
16 March.  It is our assumption there will be some lag between the obligation
to fund escrow and the actual transfer of funds.

Your comments to these documents are expected by Friday 9 March.

I also want to mention that Enron initiated the additional purchase of Power
System Stabilizers, which cost $31,675 per turbine.  PSS are required in the
WSCC, but you will have to  determine whether or not your particular project
would be required to install these in New England.  If you desire this
optional equipment, please reflect that cost in your final bid.

Steve
---------------------- Forwarded by Stephen Thome/HOU/ECT on 03/07/2001 10:20
AM ---------------------------


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Standings, Summary

Team	W	L	T	Pct	Back	Strk
Wks	PF	Back	PA

Grigsby	10	5	0	0.667	0.0	W2	3.0	810.0	0.0	633.0

Fear	10	5	0	0.667	0.0	L1	2.5	753.0
57.0	597.0

TexOK	10	5	0	0.667	0.0	W4	1.5	732.0	78.0	691.0

McKay	9	6	0	0.600	1.0	W3	1.5	603.0	207.0	560.0

Metz	8	6	1	0.567	1.5	W2	1.0	633.0	177.0	584.0

TayDang	8	7	0	0.533	2.0	W1	1.5	723.0	87.0	688.0

Hardtail Amigos	8	7	0	0.533	2.0	L1	1.0	702.0	108.0	654.0

Pink Panthers	8	7	0	0.533	2.0	W1	1.0	655.0	155.0	656.0

The Rocks	7	8	0	0.467	3.0	L3	2.0	783.0	27.0	753.0

Tomaski	5	9	1	0.367	4.5	L3	0.0	518.0	292.0	612.0

FJS	4	11	0	0.267	6.0	L6	0.0	537.0	273.0	735.0

Top Dogs	1	12	2	0.133	8.0	L3	0.0	435.0	375.0	721.0

Statistics, Scoring

Grigsby Actives

Player	Pos	Scoring	Score

Manning, Peyton	QB	228 PaYd (7 Pts), 1 PaTD (28) (4 Pts)	11.0

Faulk, Marshall	RB	2 RuTD (4,70) (12 Pts), 252 RuReYd (22 Pts)	34.0

Garner, Charlie	RB	129 RuReYd (9 Pts)	9.0

Crowell, Germane	WR	 	0.0

Galloway, Joey	WR	 	0.0

Pickens, Carl	WR	 	0.0

Conway, Brett	K	2 FG (34,26) (6 Pts), 1 XP (1 Pt)	7.0

Jaguars	DT	1 Int (3 Pts), 4 SACK (4 Pts), 1 DFR (3 Pts), 214 YDS (3 Pts)	13.0

TOTALS	 	 	74.0

Grigsby Reserves

Player	Pos	ST	Scoring	Score

Aikman, Troy	QB	RS	 	0.0

Barber, Tiki	RB	RS	71 RuReYd (4 Pts)	4.0

Chargers	DT	RS	2 Int (6 Pts), 1 SACK (1 Pt)	7.0

Price, Peerless	WR	RS	73 RuReYd (4 Pts)	4.0

Ward, Hines	WR	RS	1 ReTD (5) (6 Pts), 67 RuReYd (3 Pts)	9.0

[Morris, Bam]	RB	RS	 	0.0

TOTALS	 	 	 	24.0

NFL Reports, Player Updates

Latest NFL Player News

Jerome Bettis, RB PIT - The Rocks Updated 12/25/01
Bettis is listed as questionable for Week 16. However, he may be able to return to the Steelers' starting lineup. Bill Cowher said Bettis is progressing, and he will be used this week if healthy.

Todd Bouman, QB MIN - Free Agent Updated 12/23/01
Bouman is now listed as probable for Sunday's game. He should be able to start against the Jaguars, but he may play with some pain in his thumb.

Jeff Graham, WR SD - Free Agent Updated 12/23/01
Graham probably won't play Sunday at Kansas City because of the death of his father in a car accident, coach Mike Riley said Friday. If Graham doesn't play, Trevor Gaylor will start in his place and Nate Turner will be signed off the practice squad. The Chargers are already missing their No. 3 receiver, Tim Dwight, due to complications of a collapsed lung.

Antowain Smith, RB NE - Pink Panthers Updated 12/23/01

Smith rushed for a career-high 156 yards and a touchdown Saturday. He has been one of the best runners in the AFC and will help carry your team to Fantasy glory.

Steve McNair, QB TEN - McKay Updated 12/23/01
McNair played Saturday despite suffering from back spasms all week. He played well, throwing a touchdown pass in the second half. Expect him to be a solid No. 1 QB.

Jeff Garcia, QB SF - Fear Updated 12/23/01

Garcia, whose practice time was limited all week, played in Saturday's game. He admitted afterwards that he has a cracked rib. He played with extra padding, saying it didn't greatly affect his throws. Garcia might not be at full strength in the remaining weeks but he will still be a solid No. 1 Fantasy QB.

Eddie George, RB TEN - Fear Updated 12/23/01
George played in Saturday's game despite suffering from an ankle injury. He left in the third quarter because of a neck injury but returned to the game.

Oronde Gadsden, WR MIA - Free Agent Updated 12/23/01

Gadsden did not play in Saturday's game against the Patriots because of a hamstring injury. Chris Chambers started in his absence.

Fred Beasley, RB SF - Free Agent Updated 12/23/01
Beasley broke his right hand. He will probably be sidelined for the rest of the regular season.

Joe Horn, WR NO - Free Agent Updated 12/21/01
Horn is once again performing like an elite Fantasy receiver. He is a must-start player during the final weeks of the NFL season.

Maurice Smith, RB ATL - Free Agent Updated 12/21/01
A banged-up Smith hasn't done much statistically in recent weeks. Don't depend on him during the Fantasy playoffs.

Donald Hayes, WR CAR - Free Agent Updated 12/21/01
Hayes may step back into the forefront this week as the No. 1 wideout in place of Muhsin Muhammad. He isn't very explosive, however, and won't help Fantasy teams much during Weeks 15 through 17.

Chris Weinke, QB CAR - Free Agent Updated 12/21/01
Consider Weinke as a backup during the Fantasy playoffs. He lacks the weapons to post better-than-average numbers, but he is a good option if you need an emergency QB.

Kurt Warner, QB STL - Hardtail Amigos Updated 12/21/01
Warner should guide many Fantasy teams to success during the playoffs. Expect fine numbers from him the rest of the way.

Rich Gannon
, QB OAK - Pink Panthers Updated 12/21/01
Gannon has been a top-flight Fantasy QB this year. He will be a key player on many title teams, and should never be benched.

Randy Moss, WR MIN - Metz Updated 12/21/01
Moss started off slow this season but has once again been one of the best wideouts. Don't hesitate to start him during your playoff run.

Marvin Minnis, WR KC - Free Agent Updated 12/21/01

Minnis hasn't done much to help Fantasy owners this year. Don't use him during the remaining weeks of the NFL season.

Michael Westbrook, WR WAS - McKay Updated 12/21/01
Westbrook has been inconsistent this season as a Fantasy player. He will be a good No. 2 at best during your playoffs.

Rod Gardner, WR WAS - Free Agent Updated 12/21/01
Gardner has been very inconsistent this season. Unless you play in a deeper league, starting Gardner isn't advisable.

Tony Richardson, RB KC - FJS Updated 12/21/01
Richardson hasn't been a consistent scoring threat this year. Don't use him during the Fantasy playoffs.

Tony Gonzalez, TE KC - Free Agent Updated 12/21/01
Gonzalez hasn't played as well as expected this year. Still, he is too talented to bench during the Fantasy playoffs.

Brett Favre, QB GB - The Rocks Updated 12/21/01

Favre has been one of the best QBs this season. Count on him to help lead your team to Fantasy glory.

Trent Green, QB KC - Free Agent Updated 12/21/01
Green has been an inconsistent Fantasy QB this year. He is a risky start during the rest of the season.

Bill Schroeder, WR GB - The Rocks Updated 12/21/01
Schroeder has had a solid season. Look for him to be a reliable No. 2 wideout during your postseason.

Matt Hasselbeck, QB SEA - Free Agent Updated 12/21/01
Hasselbeck has been a big disappointment this year. Don't use him during the Fantasy postseason.

Johnnie Morton, WR DET - TayDang Updated 12/21/01
Morton has been inconsistent this season but he will still be a solid No. 2 during the Fantasy playoffs. Keep him in your lineup.

Reggie Wayne, WR IND - Free Agent Updated 12/21/01

Wayne is healthy again, and showing signs of improvement. But he is not accomplishing enough statistically to help most Fantasy teams.

Amani Toomer, WR NYG - Hardtail Amigos Updated 12/21/01
Toomer is having a bit of a down year, but his potential to post solid Fantasy numbers makes him worth considering. He should be a solid No. 2 wideout during your playoffs.

Marvin Harrison, WR IND - Metz Updated 12/21/01

Harrison will be an important Fantasy player during the final weeks of the NFL season. He will have some good outings, even though the Colts are not in the playoff race.

Duce Staley, RB PHI - TayDang Updated 12/21/01
Staley started to play well late in the season. Be sure to keep him into your starting lineup. He will be an adequate back for the playoffs.

More Updates
Copyright 2001 Commissioner.COM Inc and SportsLine.com Inc.
Your site can be reached from http://fantasy.sportsline.com

FB10SP


Pls handle this.  Thanks. DF
---------------------- Forwarded by Drew Fossum/ET&S/Enron on 01/11/2000
08:50 AM ---------------------------

Hoyt Ivey
01/11/2000 08:14 AM
To: Morris Brassfield/OTS/Enron@ENRON, Kate Cole/Corp/Enron@ENRON, Esther
Dasilva/ET&S/Enron@ENRON, Kasey Davis/ET&S/Enron@ENRON, Dan
Fancler/ET&S/Enron@ENRON, Drew Fossum/ET&S/Enron@ENRON, John
Fiscus/ET&S/Enron@ENRON, Katherine Gibson/ET&S/Enron@ENRON, Robert
Guthrie/Corp/Enron@ENRON, Richard Hanagriff/ET&S/Enron@ENRON, Norma
Hasenjager/ET&S/Enron@ENRON, Glen Hass/ET&S/Enron@ENRON, Timothy
Jones/ET&S/Enron@Enron, Steve Kirk/ET&S/Enron@ENRON, Allen
Joe/ET&S/Enron@ENRON, Allison Millan/ET&S/Enron@ENRON, Debbie
Moseley/ET&S/Enron@ENRON, Frank Osburn/OTS/Enron@ENRON, Terry
Patterson/GPGFIN/Enron@ENRON, Greek Rice/Corp/Enron@ENRON, John W
Rose/ET&S/Enron@ENRON, Warren Schick/Corp/Enron@ENRON, Harry
Walters/ET&S/Enron@ENRON, Roger Westfall/ET&S/Enron@ENRON, Michele
Winckowski/ET&S/Enron@ENRON, Nancy Wood/ET&S/Enron@ENRON, Gary
Zahn/ET&S/Enron@ENRON
cc:

Subject: 1999 FERC Form 2 for Northern Natural Gas Company and Transwestern
Pipeline Company

Please review the attached page assignment for the 1999 Transwestern Pipeline
Company/Northern Natural Gas Company FERC Form 2.  Notify me by Friday
(01/14/2000)
via Lotus Notes of any changes you would like to make.

On Thursday (01/20/2000) I'll mail blank Form 2 Pages to the individuals
listed.

If you enter your own data into Form 2, please notify me by Wedensday
(01/19/2000),
so I can give you access to the Form 2 software.

If you have any question please give me a call.

Hoyt Ivey (713) 853-7210


Ashok?
Maureen Palmer -- Voltage upgrade issue


sempra  gku398bp
usgt  kue876dg
texaco  qrp394mv
coral  wix284hc
duke  tqp482nb
burlington ope736hy
oneok  pcv768ek
williams  mno065pu
reliant  byh323mg
amoco  ckh468om
tenaska ukh835hy


The deadline for the next electronic newsletter is noon, Wednesday, Dec 6.
We look forward to putting your business highlight or quote in the upcoming
EnTouch.

Hope to hear from you soon!
Michelle Vitrella
x39767


I think these will be the first days Susan Bailey gets back from being out.
Please make sure this is OK with her and you guys coordinate on what's going
on.

	Susan Flynn
	05/16/2000 11:19 AM

		 To: Mark Taylor/HOU/ECT@ECT
		 cc:
		 Subject: Vacation

 Mark - I would like to take Tuesday, May 30 and Wednesday, May 31, 2000 as
vacation days.   Please let me know if this is OK.  Thanks!


Saudis Set to Select Firms for Gas Projects
The Wall Street Journal, 05/14/01

Cheney task force seeks input from interest groups
Associated Press Newswires, 05/14/01

COMPANIES & FINANCE UK: Independents drill deep to strike rich seams: A new
generation of smaller oil companies is emerging; a group that has discovered
how to be competitive, writes David Buchan: Financial Times; May 14, 2001

Bush energy team covers all the bases
Chicago Tribune, 05/14/01

QATAR: UAE's Dolphin may seek new partners if Enron exits.
Reuters English News Service, 05/14/01

UAE: UPDATE 1-Saudi expected to name gas race winners on Tuesday.
Reuters English News Service, 05/14/01

Saudi Oil Council To Meet Tue On Gas Projects -Sources
Dow Jones Energy Service, 05/14/01

RFID chip will help speed up business
The New Straits Times, 05/14/01

India: Godbole panel report may suggest MSEB bifurcation
Business Line, 05/14/01

Tertiary will be primary
Business Standard, 05/14/01
Acegas shares, potential for growth (Acegas, le potenzialita di crescita del
titolo)
La Repubblica, 05/14/01
Roundabout to the Oval Office
The Washington Post, 05/14/01
Largest LNG 13 Conference Opens Today
Korea Times, 05/14/01

International
Saudis Set to Select Firms for Gas Projects
By Bhushan Bahree
Staff Reporter of The Wall Street Journal

05/14/2001
The Wall Street Journal
A16
(Copyright (c) 2001, Dow Jones & Company, Inc.)

NEW YORK -- After more than two years of talks, Saudi Arabia is about to
announce its choice of international oil companies for three huge natural-gas
projects that will mark a reopening of the kingdom's energy sector to Western
investment, a quarter century after it was nationalized.
But the announcement, and the signing of memorandums of understanding early
next month, will mark only the beginning of serious negotiations on terms for
the three ventures, which together will need investment of some $25 billion.
It will be months before final agreements are signed.
"We expect to have an agreement -- a final agreement -- signed somewhere at
the end of the year, or, hopefully, the first quarter of next year," said
Saudi Oil Minister Ali Naimi in an interview last week.
Saudi Arabia's 11-member Supreme Petroleum Council is expected to meet today
to endorse the companies recommended by a ministerial committee led by
Foreign Minister Prince Saud al-Faisal. In the following week, Saudi Arabia
is expected to communicate its decision to the oil companies from both sides
of the Atlantic that have been vying for a role in the three projects. By the
end of the month, the chosen consortium members and Saudi officials are
expected to agree on which three companies will lead the projects. This will
be a prestigious role in a country that is the world's largest oil exporter,
has more than a quarter of the world's oil reserves and has the fifth-largest
reserves of natural gas.
As with any negotiations for such huge projects, industry rumors abound. All
three so-called oil supermajors -- Exxon Mobil Corp., Royal Dutch/Shell Group
and BP PLC -- have been mentioned as project leaders, particularly for the
plum Ghawar project, named after the world's largest onshore oil field, whose
environs are expected to yield large volumes of gas. The Ghawar project,
known as Core Venture 1, is projected to require about $15 billion in
investment. Core Venture 2 is on the Red Sea coast. The third project is in
Shaybah, a recently developed oil field in the kingdom's Empty Quarter, a
southeastern region bordering the United Arab Emirates.
The companies say they have no idea who will be named to the consortia, or
who the Saudis will choose from a short list of 11 companies -- Exxon Mobil,
Shell, BP, Chevron Corp., TotalFinaElf SA, ENI SpA, Enron Corp., Occidental
Petroleum Corp., Marathon Oil Canada Inc., Conoco Inc. and Phillips Petroleum
Corp. -- to lead each project. But they all have their hopes.
"We would be very disappointed if we are not the lead operator" for the
Shaybah project, said Archie Dunham, Conoco's chairman and chief executive.
Since Saudi Crown Prince Abdullah invited major oil companies to return to
the kingdom in October 1998, negotiations have focused on such broad issues
as the scope of the projects and their integrated nature -- from exploration
and production of gas to the making of petrochemicals and electricity -- as
well as the notion that the companies will need adequate returns on their
investment.
Soon, the project leaders will have to start the bargaining on such issues as
the roles to be played by national champions Aramco and petrochemicals
company Saudi Basic Industries Corp.
---
Alexei Barrionuevo in Houston contributed to this article.
--- Population Pressure

Saudi Arabia is opening up its energy sector, in a bid to bolster the
economy as population grows

-- Population
21.3 million (growing over 3.5% per year)

-- Unemployment rate*
27%-35% of males

-- Real GDP Growth Rate
7.6%

-- Oil Production
9.3 million barrels per day

-- Natural-Gas Reserves
204.5 trillion cubic feet

-- Natural-Gas Production/Consumption
1.68 trillion cubic feet

*Unofficial estimate for 1999

Note: Figures are estimates for 2000 except natural-gas production,
which is for 1999

Source: U.S. Energy Information Administration

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

Cheney task force seeks input from interest groups
By SHARON THEIMER
Associated Press Writer

05/14/2001
Associated Press Newswires
Copyright 2001. The Associated Press. All Rights Reserved.

WASHINGTON (AP) - The White House team developing a national energy plan has
met with more than 130 interest groups, from environmentalists and unions
often at odds with Republicans to major Bush supporters given private
sessions with Vice President Dick Cheney.
The vice president, Cabinet secretaries and others on a special task force
have solicited ideas behind closed doors, hoping the privacy would encourage
a free exchange of ideas.
The White House has declined to provide names of participants - even to
Congress.
But interviews with participants detail a massive outreach where diverse
interests have met with task force executive director Andrew Lundquist.
Cheney's time has been reserved for meetings with more select participants
such as power wholesaler Enron Corp. and the Edison Electric Institute, both
GOP donors.
Houston-based Enron is the world's top buyer and seller of natural gas and
electricity.
"The way the task force is set up, they don't have the staff or time to have
a huge host of companies come through the door. They have told us to work
through our associations to the extent we can," said Don Duncan, vice
president of government relations for Phillips Petroleum Co.
Participants said the meetings, typically 20 minutes to 45 minutes, included
about a dozen to 100 interest group members and a few task force members and
staff.
No details were disclosed. Instead, administration representatives summarized
the nation's energy problems or listened as groups briefly offered background
and proposals. Many sent detailed materials to the task force outlining their
priorities.
At a half-hour meeting in late March with White House strategist Karl Rove
and Bush economic adviser Larry Lindsey, nuclear energy executives tried to
make sure the two knew about the production records the industry has set over
the past few years. At one point, Rove asked if anyone was looking to build a
nuclear power plant. An executive with Exelon replied that his company was
thinking about it, meeting participants said.
Energy Secretary Spencer Abraham has attended several meetings, including one
with Teamsters President James Hoffa and an hourlong session in California
with Democratic Gov. Gray Davis, who contends the administration has done
little to help the power-strapped state.
Like other governors, Davis was asked to provide one page on the state's
power crisis, including a description of the problem, an anecdote about it
and possible solutions.
"They're asking for a one-page memo on possibly the biggest crisis ever
affecting the state, with a massive ripple effect for the nation," Davis
spokesman Steve Maviglio said. "I think it demands more attention than a
one-page memo."
Cheney spokeswoman Juleanna Glover Weiss said the task force has been
studying the California problem almost daily.
At a meeting between Abraham and about 100 coal industry representatives in
late April, task force staffers handed out a briefing packet that outlined
national energy needs, and then they listened to industry proposals.
"I thought the purpose was one, to reassure people in the coal industry that
coal was going to play a large role in the energy mix, and essentially when
the plan is unveiled that they're going to be looking to people to help
martial this through Congress," said Bill Banig, a lobbyist for the United
Mineworkers Union.
White House officials said the meetings are not designed to encourage
lobbying and that task force members were carefully instructed on what was
permissible under federal law.
Cheney's meetings included Enron, Edison Electric Institute, California
Republicans, and the senators from Nevada, home to the proposed Yucca
Mountain federal nuclear waste site. The vice president plans to meet with
the renewable-energy industry this week.
Enron ranked among Bush's top 10 presidential campaign contributors, giving
more than $110,000, and helped sponsor a $7 million party fund-raiser last
month.
The Edison Electric Institute gave Republican candidates more than two-thirds
of its $193,000 in contributions last year. Edison International, whose
holdings include the Southern California Edison electric utility, is also a
major donor, giving $535,000 to Republicans last year and $330,000 to
Democrats.
Enron spokesman Mark Palmer said Cheney met with Enron executives because the
power wholesaler is a respected member of the industry, not because it was a
contributor. Enron wants the administration's energy plan to ease electricity
transmission bottlenecks, give companies incentives to invest in new
transmission and make the wholesale power market as open as possible, he
said.
Tom Kuhn, the institute's president, said it is "totally ludicrous" to think
political donations played a role.
Cheney's meeting with Edison board members, held at the institute's
invitation, lasted 15 minutes to 20 minutes. Cheney spoke about the task
force process, Kuhn said. He said Cheney's remarks were consistent with the
vice president's public statements.
Edison wants to see new generation and transmission systems built, including
coal, natural gas and nuclear and hydroelectric power, Kuhn said.
Democrats in Congress sought a list of participants in the meetings, but
Cheney's office responded by only listing broad categories and no names. That
has left fodder for political attack.
"You can't just take advice from one interest group or set of interest groups
when you do these things," said Dave Albersworth of the Wilderness Society,
whose group has met with Lundquist but was denied its request to talk with
Cheney.
Weiss countered that the energy task force has collected information from
more than 130 groups since January in an "almost Herculean effort" to draw
input from all sides.
"People deserve the right to petition their government and not expect a full
laundry list of who's called to be announced," she said.
Enron spokesman Palmer said he is not seeking such privacy. "I'm happy to
tell people what we're advocating for. I'd rather be talking about policy
than about politics," he said.
---
On the Net:
White House Energy Task Force:
http://www.whitehouse.gov/news/usbudget/blueprint/bud10.html

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

		COMPANIES & FINANCE UK: Independents drill deep to strike rich seams: A new
generation of smaller oil companies is emerging; a group that has discovered
how to be competitive, writes David Buchan: Financial Times; May 14, 2001
By DAVID BUCHAN

		The UK's listed small oil companies may have dwindled in number. But they can
rightly say, echoing Mark Twain's words, that reports of their collective
demise are exaggerated.
		Indeed, many in the UK-based exploration and production companies, dubbed
"independents" in the sense of being untied to any refining and marketing,
believe they have more of a role than when their kind first started operating
in the North Sea 30 years ago.
		After the takeovers in recent years of Lasmo, Monument and British Borneo,
there may only be about a dozen significant UK-based "independents" left. Yet
they amount to virtually the entire European E&P sector: the only significant
exception being Lundin Oil of Sweden.
		Many of the UK independents began life as local partners of US companies in
the 1970s when the Labour government of the period gave preference to
consortia with a local flavour.
		But this rationale disappeared when the Thatcher government took a more
free-for-all approach to letting anyone develop the North Sea - though at the
same time it did create the biggest UK independent by floating off British
Gas' oil interests as Enterprise Oil. Enterprise is the only UK independent
that is more than a niche or regional player. As such its E&P assets would be
a significant addition to an oil major, hence the persistently rumoured
interest in taking it over.
		As the North Sea became more competitive and difficult, some of the UK-based
independents began to look elsewhere. "Unlike US independents which have
always tended to be less interested in drilling outside North America, those
in the UK have always tended to be more sympathetic to exotic parts of the
world", says Mark Redway of Teather and Greenwood.
		Unfortunately, the obvious exotic new province that happened to open up in
the early 1990s was the former Soviet Union. One company, Ramco Energy,
dipped in and out very successfully, recently selling its 2 per cent stake in
the Azerbaijan International Oil Consortium for Dollars 150m (Pounds 104.8m).
		Other UK independents - Aminex, Soco and Dana Petroleum - ventured into
Russia and got stuck. While Aminex finds it hard to downplay Russia (because
it has little elsewhere), Soco these days stresses its Mongolia and Vietnam
operations. Another UK independent, JKX Oil & Gas, went into Ukraine, a
country notorious for non-payment of energy bills. With diplomatic help from
Tony Blair, the prime minister, JKX has just survived a legal attempt to rob
it of its Ukraine assets.
		Two other independents have sunk more fruitful roots in Asia. "Cairn Energy
now has as big a stake in Bangladesh's gas production as Shell, and it would
be left, if Enron (the US energy company) were to quit India, as the biggest
foreign player in India," says Iain Reid of UBS Warburg. Premier Oil is now a
substantial Asian gas company, with production in Burma, Indonesia and
Pakistan and long term contracts in Thailand and Singapore.
		But there are risks in these Asian ties. The obvious political one concerns
Burma. Last year the UK government asked Premier to quit Burma because its
presence was helping the military regime. Premier refused, and said it would
carry on.
		The other risk, according to Mr Redway, is economic and it applies also to
Cairn. Because there is no real world market for gas, Cairn and Premier are
"very dependent on the strength of the local economies". But then, Mr Redway
is an analyst who believes that independents' competitive edge lies in
exploration rather than production. He therefore rates Fusion Oil & Gas
highly as "the purest exploration investment opportunity in the E&P sector".
		Dana similarly vaunts its exploration expertise, but to a different end. Its
goal, according to Tom Cross, chief executive, is to find oil and then swap
exploration for production assets. "This avoids the expensive development
stage of building platforms and pipelines and so on". Then at the other end
of the spectrum are production-focused companies, such as Paladin, Tullow Oil
or Venture Production. Roy Franklin, Paladin's chief executive, makes no
bones about his company's scavenger strategy, spotting rich pickings
overlooked by the majors.
		The majors are not always ready to sell, particularly recently when the oil
price rise has widened the gap in price expectations between buyers and
sellers.
		But Paladin was last year able to buy PetroCanada's assets in Norway, and is
this year interested in bidding for some of what the Norwegian state is
selling off.
		As its name suggests, Venture Production, a private Aberdeen-based company
with North Sea and Trinidad operations, is focused on extraction, not
exploration. And so are other private companies such as Intrepid, Consort
Energy and Highland Energy, formed in the past three or four years. This new
generation of company tends to be more cautious than the older one.
"Exploration has probably been the best way to destroy shareholder value,"
says one executive.
		The other risk the new oilmen want to avoid is the vagaries of the stock
market. "By focusing on production, the new companies are more predictable in
terms of cash flow and earnings," says Mike Wagstaff, Venture's finance
director.
		Copyright: The Financial Times Limited

News
Bush energy team covers all the bases
Sharon Theimer, Associated Press

05/14/2001
Chicago Tribune
North Sports Final ; N
13
(Copyright 2001 by the Chicago Tribune)

The White House team developing a national energy plan has met with more than
130 interest groups, from environmentalists and unions often at odds with
Republicans to major Bush supporters.
Vice President Dick Cheney, Cabinet secretaries and others have solicited
ideas behind closed doors, hoping the privacy would encourage a free exchange
of ideas.
The White House has declined to provide names of participants even to
Congress.
But interviews with participants detail an outreach program where diverse
interests have met with task force executive director Andrew Lundquist.
Cheney's time has been reserved for meetings with more select participants
such as power wholesaler Enron Corp. and the Edison Electric Institute, both
GOP donors.
"The way the task force is set up, they don't have the staff or time to have
a huge host of companies come through the door. They have told us to work
through our associations to the extent we can," said Don Duncan, vice
president of government relations for Phillips Petroleum Co.
Participants said the meetings, typically 20 minutes to 45 minutes, included
a dozen to 100 interest group members and a few task force members and staff.
No details were disclosed. Instead, administration representatives summarized
the nation's energy problems or listened as groups briefly offered background
and proposals. Many sent detailed materials to the task force outlining
priorities.
Energy Secretary Spencer Abraham has attended several meetings, including one
with Teamsters President James Hoffa and an hourlong session in California
with Democratic Gov. Gray Davis, who contends the administration has done
little to help the power-strapped state.
Like other governors, Davis was asked to provide one page on the state's
power crisis, including a description of the problem, an anecdote about it
and possible solutions.
"They're asking for a one-page memo on possibly the biggest crisis ever
affecting the state, with a massive ripple effect for the nation," Davis
spokesman Steve Maviglio said. "I think it demands more attention than a
one-page memo."
Cheney spokeswoman Juleanna Glover Weiss said the task force has been
studying the California problem almost daily.
At a meeting between Abraham and 100 coal industry representatives in late
April, task force staffers handed out a briefing packet that outlined
national energy needs, and then they listened to industry proposals.
"I thought the purpose was one, to reassure people in the coal industry that
coal was going to play a large role in the energy mix, and essentially when
the plan is unveiled that they're going to be looking to people to help
marshal this through Congress," said Bill Banig, a lobbyist for the United
Mineworkers Union.
White House officials said the meetings are not designed to encourage
lobbying.

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

QATAR: UAE's Dolphin may seek new partners if Enron exits.
By Kedar Sharma

05/14/2001
Reuters English News Service
(C) Reuters Limited 2001.

DOHA, May 14 (Reuters) - Dolphin Energy Ltd (DEL) may invite new foreign
investors to join its project to route Qatari gas to the United Arab Emirates
as U.S. Enron Corp looks set to bow out, industry sources said on Monday.
"New partners are a possibility," Khaldoun al-Mubarak, project manager for
DEL, majority owned by the UAE's Offsets Group (UOG), told Reuters.
"But at the moment we are in the midst of finalising the formal (development
and production sharing) agreement with Qatar which should be done by
September at the latest."
Qatar and DEL in March signed a "commercial term sheet agreement" which
outlined the conditions of the upstream agreement for the long-awaited $3.5
billion project.
UOG currently owns 51 percent of DEL, with the remainder held equally by
France's TotalFinaElf and Enron.
"Enron is going through major global restructuring," Mubarak said. "(But)
they haven't officially notified us about their intention to pull out."
Enron officials declined comment.
Mubarak said interest in DEL was running high.
"Everyone is asking for a stake," he said.
The gas deal would entitle DEL to develop a tract of Qatar's giant North
Field and produce up to two billion cubic feet per day (cfd) of gas.
UOG is to invest $2 billion in developing the North Field tract, drilling and
setting up production facilities.
The remaining $1.5 billion would be invested to lay a pipeline and set up
receiving terminals at Dubai's Jebel Ali and Taweelah in Abu Dhabi.
First gas is targeted to reach the UAE capital Abu Dhabi by late 2004 or
early 2005. About one billion to 1.5 billion cfd of Qatari gas would be
consumed by utilities in Abu Dhabi with the remainder supplied to Dubai.

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

UAE: UPDATE 1-Saudi expected to name gas race winners on Tuesday.
By Peg Mackey

05/14/2001
Reuters English News Service
(C) Reuters Limited 2001.

DUBAI, May 14 (Reuters) - Saudi Arabia's Supreme Petroleum Council (SPC) is
expected to meet on Tuesday and announce the oil majors chosen for its
multi-billion dollar gas investment opening, industry sources familiar with
the negotiations said on Monday.
The sources said the SPC is expected to name ExxonMobil and Royal Dutch/Shell
as lead players in three so-called core projects involving the kingdom's
upstream gas sector - off-limits to foreign oil firms since nationalisation
in 1975.
Signing of memoranda of understanding (MOUs) would most probably take place
in early June, the sources said.
The anticipated announcement would mark the biggest advance in the kingdom's
gas initiative, valued at an initial $25 billion, since Riyadh unveiled its
energy investment opening over two years ago.
But the hard work has yet to start on the opening of Saudi Arabia's gas
sector, the world's fourth biggest. "The fiscal regime and regulatory details
have not been developed," said one source.
FINAL CUT
Riyadh is expected to trim back its original shortlist of 11 potential
foreign investors revealed last summer. Those companies had been grouped
under three core venture consortia - South Ghawar, Red Sea and Shaybah.
For ExxonMobil and Royal Dutch/Shell, securing the lead role in Saudi
Arabia's core ventures would entitle them to operate the package and get the
biggest slice of the projects, analysts said.
Other industry sources said ExxonMobil, the world's biggest energy company,
was tipped for the top slot in core venture 1 (South Ghawar) as well as in
core venture 2 (Red Sea).
Royal Dutch/Shell was in pole position for core venture 3 (Shaybah), the
sources added.
Both oil supermajors already have significant foreign investment in the
kingdom and feature as top customers of Saudi oil, the analysts said.
ENERGY DRIVERS
An urgent need to create jobs and grow the economy are driving Saudi Arabia's
landmark energy opening.
And analysts said big oil companies were prepared to help the kingdom achieve
those aims even if the return on their investment was relatively low.
"Major oil companies just cannot miss this opportunity," a source said. "The
gas projects will show profits."
But just how much revenue oil companies will generate by selling water and
electricity in the Saudi domestic market remains to be seen.
On paper, at least, the kingdom's domestic gas sector looks set for
impressive growth.
Domestic gas demand, now running at about 3.4 billion cubic feet per day, is
forecast to grow at more than seven percent a year over the coming decade.
Saudi Arabia has meanwhile made clear that its prized oil sector, the world's
biggest, remains off limits.
Even so, oil companies still hold out hope for eventual involvement in oil,
the kingdom's lifeblood.
"The companies are just as happy with gas, but oil remains the ultimate
objective," a regional analyst said.
"Saudi Aramco is still putting up strong defence barriers, but eventually
they could open up the oil sector once they feel comfortable working with the
majors."
The Saudi gas initiative seeks foreign oil companies' help in developing the
kingdom's known gas reserves as well as investment in downstream projects fed
by gas supplies, such as power and desalination.
The following companies have been shortlisted for the gas projects:
Core venture 1 (South Ghawar Area) - ExxonMobil, Royal Dutch/Shell, BP ,
TotalFinaElf , Chevron and ENI .
Core venture 2 (Red Sea Area) - TotalFinaElf, ExxonMobil, Marathon , Enron
/Oxy , Conoco , Royal Dutch/Shell.
Core venture 3 (Shaybah Area) - Royal Dutch/Shell, ExxonMobil, Marathon,
Conoco, TotalFinaElf, Phillips and Enron/Oxy.

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

Saudi Oil Council To Meet Tue On Gas Projects -Sources

05/14/2001
Dow Jones Energy Service
(Copyright (c) 2001, Dow Jones & Company, Inc.)

DUBAI -(Dow Jones)- International oil companies vying for a stake in Saudi
Arabia's downstream gas projects, expect to be notified soon on whether they
have been selected to participate, industry sources in the kingdom said
Monday.
Saudi Arabia's Supreme Petroleum Council is set to meet Tuesday and shortly
after, announce its final selection for each of the three core ventures on
offer, the sources said.
The Saudi Arabian committee negotiating with international oil companies on
the Gas Initiative, submitted its proposals for consortium members and
leaders to the country's Ministerial Council in April. These were then passed
on to the SPC for final approval.
Saudi Arabia's Crown Prince Abdullah, who heads the SPC, is in Bahrain Monday
attending a Gulf Cooperation Council leaders' summit along with Saudi
Arabia's foreign minister, Saud Al Faisal, who heads the gas negotiating
committee.
Saudi Arabia invited international oil companies in October 1998 to
participate in proposals for downstream gas projects and upstream gas
enhancement.
After a series of meetings between the negotiating committee and IOC's in the
past year, the following companies were shortlisted for each project.
Royal Dutch/Shell Group (RD), BP PLC (BP), Exxon Mobil Corp. (XOM), Chevron
Corp. (CHV), Total Fina Elf S.A. (TOT) and ENI SpA (E) for Core Venture 1,
the $15 billion South Ghawar Area Development.
For Core Venture 2, the Red Sea Development, Enron Corp. (ENE) and Occidental
Petroleum Corp. (OXY) are bidding jointly and Exxon Mobil, Total Fina Elf,
Marathon Oil Canada Inc. (T.M), Shell and Conoco Inc. (COCA) were listed.
And for Core Venture 3, the Shaybah area, Total Fina Elf, Conoco, Phillips
Petroleum (P), Enron and Occidental, Exxon Mobil, Shell and Marathon Oil were
listed.

With all those shortlisted expected to play some role, the immediate and
essential question for each of the IOC's is whether they will be selected to
lead and operate a project, with Core Venture 1 the most sought after,
industry sources said.
Exxon Mobil and Shell have been tipped as frontrunners for this venture.
The operator's role will be more crucial than ever here as it will be
responsible for directing further negotiations on the projects at hand which
will lead to final deals probably by year end.
Also, operators are expected to decide and direct how the project's
individual and large components will be developed, details the Saudis haven't
finalized, sources said.
The three ventures have been estimated at a combined value of about $25
billion.
-By Dyala Sabbagh, Dow Jones Newswires; 9714-331-4260;
dyala.sabbagh@dowjones.com

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

Business
RFID chip will help speed up business

05/14/2001
The New Straits Times
Main/Lifestyle; 2*
26
(Copyright 2001)

THE combination of recently developed "stick-on" Radio Frequency
Identification (RFID) chip technology with a global positioning system (GSP)
will transform and quicken the pace of doing business in the oil and gas
industry.
And Malaysia must adapt to this shift to maintain her global positioning.
Global management and technology consultant Global Energy Strategy Practice
which is working in partnership with Accenture Sdn Bhd wants to promote this
idea locally.
Global Energy Strategy Practice partner Paul Spence said that applying this
latest combined technology, car owners can fill up a petrol tank without
resorting to human contact or to the use of a credit card.
Relevant personal data embedded in the RFID chip would be machine read and
the required quantity of petrol delivered, as if right out of a science
fiction movie.
This surreal development is made possible through the application of
ubiquitous-commerce (u-commerce) whereby computers and machines communicate
with each other to affect an impression of an omnipresent intelligence.
Such technology is economically available today. "There are technology
suppliers who are offering these capabilities."
The technology also has applications outside the oil and gas industry.
Communications between machines can now allow or deny access of individuals
to restricted zones.
In an interview in Petaling Jaya recently, Spence said: "A lot of my clients
now are asking, whether that same technology can be used to restrict access
into hazardous areas, plants or production sites.
"Can a warning alarm be fitted to the individual or to an assistant? There
are lots of safety, health and environment applications around that."
"Guru in the field" is another potential application where a combination of
RFID chips, video cameras, personal digital assistants (PDA) and personal
computers can deliver distant technical advice on- site.
"An industry client operating in the North Sea oil fields has a prototype
mounted on a workman's helmet which sends snap-shots to experts on the other
side of the world.
"The effect of this new combined technology on global financial and commodity
markets is to lock them in tighter correlation.
"The days of being able to arbitrage for profits between geographical markets
are shortening within the energy industry. Enron which is the biggest oil
trader in the US is now hedging on weather derivatives."
Accenture partner Lim Beng Choon said that to compete globally, the oil and
gas industry in Malaysia would have to implement this new technology to
remain connected to global markets.

Caption: Lim ... connected.

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

India: Godbole panel report may suggest MSEB bifurcation

05/14/2001
Business Line (The Hindu)
Copyright (C) 2001 Kasturi & Sons Ltd (KSL); Source: World Reporter (TM) -
Asia Intelligence Wire

MUMBAI, May 13. THE second part of the Dr Madhav Godbole committee report is
expected to be submitted to the State Government on May 15.
While the first part of the report recommended renegotiation of the power
purchase agreement with Enron's Dabhol Power Company, the second part is
expected to suggest bifurcation of the Maharashtra State Electricity Board,
sources said. The committee, which has been given the mandate to negotiate
with Enron officials to make DPC power more acceptable, had a marathon
meeting on May 11 to finalise the second half of the report.
"The committee has been considering the bifurcation of MSEB," a source said.
"The idea is to try and separate the distribution from generation and
transmission." While generation and transmission can be controlled by the
State, there may be a suggestion to privatise the distribution arm. Over 1.5
lakh MSEB employees had gone on a strike to oppose a Bill to unbundle the
board into three divisions - generation, transmission and distribution - due
to fear of privatisation.
MSEB, the State's leading power company, has been facing huge losses due to
delay in payments and theft of power. The second part of the report is
expected to address the problem in detail.
Part one of the report submitted on April 10 had said: "...none of the
solutions espoused for independent power producers, in general, and DPC, in
particular, is tenable without the reforms of MSEB, especially its
distribution business, which it shall address in part II of the report."
The report is expected to "suggest appropriate measures to ensure that the
interests of the State, MSEB and electricity consumers of the State of
Maharashtra are properly and adequately considered, evaluated and
safeguarded," according to the terms of reference laid down when forming the
committee.
The committee originally consisted of Dr Madhav Godbole, Mr Deepak Parekh, Dr
E.A.S. Sarma, Dr Rajendra Pachauri and the State Energy Secretary, Mr Vinay
Mohan Lal. The MSEB Chairman, Mr Vinay Bansal, has been inducted as part of
the panel after the submission of the first part and before the beginning of
negotiations with Enron.
Archana Chaudhary

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

The Smart Investor
Tertiary will be primary
Indira Vergis

05/14/2001
Business Standard
2
Copyright (c) Business Standard

These are volatile times for world business. There are increasing jitters
that a slowing US economy could dampen prospects for the global economies.
Many developing regions, especially in Asia, are bracing themselves for a
bout of slightly lower growth.
But two countries, India and China which together account for about half the
region's gross domestic product (GDP_ will still continue to see their GDP
grow at six per cent, forecasts the Asian Development Bank.
Many Indian economists agree with ADB's projections. In fact, they view the
prediction of a six per cent growth in India's GDP as benign. Nearly 54 per
cent of India's GDP is delivered by its services sector and a modest
performance by this sector, some economists say, will be enough to hold up
the GDP at six per cent. There are others who hope that better agricultural
performance could prompt the economy to hand in a better scorecard.
However, the Indian industry remains trapped in the doldrums, suffering from
a lack of consumer confidence and investments. Very few economists expect to
see signs of recovery sprouting any time soon.
An interest rate cut is considered vital by many to energise the sector. And,
they argue, there are certain economic indicators that encourage such a move.
Inflation is running at very low levels and the nation's foreign exchange
reserves are currently high enough to provide a strong defence to the Indian
currency. Surprisingly, our trade balance, which threatened to spiral out of
control by surging oil prices last year, has been contained. Since then, oil
prices have retreated and are expected to remain subdued. While a rate cut
may go some way in reviving sentiment and activity in the industrial sector,
stirring up consumer demand will still hinge on a normal monsoon.
Rain, rain, come again
For many economists, the prediction of India clinging to its current GDP
level is heavily contingent on a normal spell of monsoon this year.
"According to our assessment, we believe the Indian economy will grow by
around 6.5 per cent this fiscal year," says Chetan Ahya, vice president at J
M Morgan Stanley Securities.
In 2000-01, agricultural growth withered under a poor monsoon and a
subsequent drought in many parts of the country. For the second year in a
row, growth in the sector sank below one per cent. It stood at 0.9 per cent
compared with 0.7 per cent the previous year. While agriculture accounts for
only 24 per cent of GDP, it remains the most keenly-watched sector by
economists. "The performance of the agricultural sector is important because
of its linkages to the economy both on the supply side and on the consumption
side," says Mohan Nagarajan, chief economist at Credit Analysis and Research
Ltd (CARE). "It would lead to a better performance of agro-based industries,"
he adds.
More significantly, roughly 60 per cent of Indians still depend on
agriculture for their livelihood. "A good crop means that demand for
everything, from everyday use goods like toothpaste to larger items like
tractors will pick up," says Nagarajan. Economists are hoping that a good
monsoon will budge growth in the sector to around 1.5 to 2.5 per cent.
In service of the economy
Another key sector economists will be watching out for will be services.
India's services sector ranging from finance, insurance, hospitality to
transportation and communication slowed its pace in 2000-01. With growth
weakening by a whole per cent to 8.4 in 2000-01, sluggishness in this
important sector has been blamed for dragging down the overall GDP. Most
economists expect the sector to post either relatively flat growth or edge
slightly higher this year. But, it's performance will be vital to ensure that
overall GDP holds at six per cent. "Even if the agriculture and industry
numbers fall again but services sees even seven to eight per cent growth, it
will be enough to keep the GDP around six per cent," says Nagarajan.
Construction activity a services component that includes housing, roads and
other infrastructure projects demonstrated surprisingly good growth of 8.7
per cent and is expected to maintain the pace. Road construction is tipped to
show increasing levels of activity as work on the ambitious highway linking
Mumbai, Delhi, Chennai and Calcutta intensifies.
Chiming in will be the housing industry, benefiting in recent years from tax
reliefs and attractive financing schemes, and which have encouraged more
people to buy houses.
Another segment slated to witness good growth will be IT-enabled services,
says Morgan Stanley's Ahya. "We are emerging as the services workshop of the
world," he says. IT-enabled services like call centres and data processing,
though currently generating tiny revenues, are slated to turn into big money
spinners in the years ahead.
The telecommunications industry will also see improving levels of investment.
"The penetration of services is so low, that it has an intrinsic high growth
rate," says Ahya. For a taste of the market, consider this: out of the 100
Indians, only one uses the Internet and less than three own a telephone.
A good home show
And there could be a pleasant surprise in store for industry amid all the
gloom over its performance.
Adequate liquidity conditions are spurring expectations of a cut in interest
rates. Broad money(M3) a gauge of total money available in the economy
increased 16.2 per cent in 2000-01 against 14.6 per cent last year.
While the Reserve Bank of India had cut the bank rate in March, the belief is
that a further cut of 50 basis points is imminent. The bank rate the rate at
which the central bank lends to commercial banks currently stands at seven
per cent. Aiding the cause is the inflation data which shows the wholesale
price index at a tame 5.84 per cent. With economists betting that oil prices
will remain in the $24-28 a barrel range, inflation is not expected to
exhibit the oil price-inspired gyrations of last year. A cut could coax the
industry to step up activity, though admittedly, much would still depend on
rural demand.
Neighbours' envy
And while many Asian countries watch with increasing nervousness the impact
of an American downturn on their economies, India and China can afford to
remain relatively placid about global developments. That's because they are
less dependent on the US for their own economic health. That is expected to
shield them somewhat from being blown off-course like some other Asian
nations by the ill-wind of an American slump in demand.
With exports making up less than 10 per cent of India's GDP, its economy is
clearly not export-driven. In contrast, nearly 35 per cent of Indonesia's GDP
comes from exports, 57 per cent for Thailand, and 50 per cent for the
Philippines.
Yet, despite claiming only a small percentage of GDP, India's exports
remained a bright spot amid some gloomy economic data. Exports raced ahead 20
per cent to $44.1 billion in 2000-01. It was the second consecutive year of
good exports growth. On the flip side, imports rose, too, during the same
period to Rs $49.1 billion. But non-oil imports, however, declined 15 per
cent to $34.2 billion. That helped narrow the trade gap to $5.74 billion from
$12.79 billion the previous year.
Still, India can ill-afford to ignore completely the risks of an American
slump in demand. The US is India's largest trading partner and, in 2000-01, a
quarter of its exports headed to that nation. Besides, by taking in nearly 70
per cent of India's software exports, it is also India's most important
software exports destination.
Booming software exports accompanied by remittances by Indians living
overseas have been the primary factors exerting a calming influence on
India's balance of payments of position, especially in times of economic
turbulence. For example, last year, while a surging oil import bill
threatened to rattle the nation's trade gap, inflows from
invisibles(including income from software and Indians living abroad) came to
the rescue helping India limit its overall current account deficit.
It's a sobering realisation that has compelled the National Association of
Software and Service Companies(NASSCOM) to lower its exports forecast to
between $8.5 billion to $9 billion from its previous figure of $9.5 billion.
Earlier, it had also revised estimates for 2000-01 lower to $6.2 billion from
$6.3 billion. Still, observers say it isn't a cause for depression.
"They are still talking about growth. It is a decline in the growth rate and
not an actual downturn itself," points out John Band, chief executive
officer, ASK-Raymond James and Associates. And remittances look set to
maintain their pace as well. "Most remittances are still from Indians who
live in the Middle East, and I don't see any slowdown from this segment,"
says CARE's Nagarajan. Remittances totalled $9.8 billion in the nine months
to December 2000. Software exports brought in $4.6 billion during the same
period.
Foreign institutions support
Another recent 'feel-good' sign has been evident in the stock markets too.
Between January and April 2001, eigners poured in Rs 7,368 crore into India's
equity markets - a phenomenal 15 per cent more than what they invested in the
whole of calendar 2000.
Yet, experts aren't reading too much into it. In the past few months,
investors have been fleeing from a shower of profit warnings in the US and
seeking cover in alternative investments. As they rejuggle their portfolios,
some money will inevitably flow into India and other countries, experts say.
Because it isn't affected so much by what's happening externally, they see
India as some kind of a safe haven," says ASK's Band.
Yet some hesitation
Recently, gunning for more foreign direct investments (FDI), the government
opened more sectors for foreign and private participation, including
pharmaceuticals, hotels, banking and astonishingly, even defence. However,
tempting FDI has always been a vexing issue for India.
In 2000-01, FDI did improve slightly, moving 26 per cent higher than the
previous year to $2.4 billion. Yet, China a market India is frequently
compared with in terms of size and potential attracted 20 times more FDI in
the same period. Economists now shrug off FDI as a tool to kick-start
investment in the country. "It's a pittance and it probably will remain
stagnant," says an economist at a foreign research house.
The reasons are not hard to find. Foreigners seeking to invest in India have
many fences to cross. Frequent changes in sector policies, chaotic
infrastructure facilities and nightmarish bureaucratic redtape have often
left foreigners tired and wary of doing business in India.
The stress of investing in India is most clearly visible in the recurring
concerns that have stubbornly dogged US energy giant Enron's 2,148 MW power
project in Dabhol in Maharashtra. After being forced to renegotiate a power
supply deal in 1995 after concluding it in 1992, Enron has hit the headlines
once again.
This time, an almost bankrupt state electricity board (SEB) refuses to pay
its dues for power received and the state government refuses to honour its
commitment to pay in case the SEB defaults.It's led to intense speculation
that, after suffering repeated snags for nearly a decade, Enron might simply
pull out of the project altogether. A disturbing turn of events, since, till
recently, Enron Corp was the biggest foreign investor in India.
It will not be the first time that exasperation will have egged on a foreign
investor to pull out of a project. Earlier, US-based Cogentrix Energy had
also walked out of its $1.5 billion 1,000 MW Mangalore power project citing
endless bureaucratic hurdles.
And there has also been some disappointment over India's much-hyped 300
million middle class which was supposed to be growing rapidly. Many
international firms, inspired by this figure, had scrambled to set up
operations to conquer a huge chunk of this market. Now many are struggling to
break even and still learning to adapt to local tastes a key ingredient for
success. That's why despite all its attempts to open up various sectors,
India still remains a tough sell.
Outlook
With a little help from the rains, India could notch up a growth rate of six
per cent. Many economists have also pointed out that a reforms-studded budget
could also inject some enthusiasm in the patient that is the economy. Strong
measures include plans to reform labour laws and government employment. These
are expected to boost the economy's development, though in the long run.
The recent opening up of various sectors could also revive sentiment,
although whether this will translate into FDI flows is arguable. Still, every
bit helps. The fact remains that it will have to persist in trying to
accelerate the pace of growth if its ambitions of turning into an economic
powerhouse are to be realised. After all, for the second most populous nation
in the world with one of the biggest markets, its economic power is still
nowhere near the figure its size suggests.

Acegas shares, potential for growth (Acegas, le potenzialita di crescita del
titolo)

05/14/2001
La Repubblica
41
Copyright (C) 2001 Abstracted from La Repubblica in Italian; Source: World
Reporter (TM)

Italian brokers Rasfin SIM have indicated the potential for growth in the
shares of Acegas, the former municipal utility of the Italian city of
Trieste. Acegas closed the first quarter of this year with turnover of L137bn
(+45 per cent). Results attributed in part to the start of production of
Estenergy, a consortium of the utilities of Udine, Trieste, Gorizia and Enron
of the US, which supplies energy and services to parts of Friuli.
Also significant, according to Rasfin, were investments over the period,
which totalled L43bn.

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

A Section
IN THE LOOP Al Kamen
Roundabout to the Oval Office
Al Kamen

05/14/2001
The Washington Post
FINAL
A19
Copyright 2001, The Washington Post Co. All Rights Reserved

Sometimes even Cabinet officers can lose their way in the White House. So
there was Health and Human Services Secretary Tommy G. Thompson, clearly lost
Friday at a fork in a corridor near White House spokesman Ari Fleischer's
office.
"How do you get to the Oval Office?" he asked a group of reporters and was
directed to the right door, according to a wire report.
Fleischer, though, told reporters that was the wrong answer.
"How do you get to the Oval Office? First you win the Iowa caucus, then you
lose the New Hampshire primary, then you make a comeback in South Carolina,"
he quipped as he recalled President Bush's early primary campaign last year.
Passport, Please
Meanwhile, folks at Thompson's HHS may be taking to calling him "Tightwad
Tommy." Seems a memo went out March 15 undermining Alaska and Hawaii's claims
to be part of the United States.
Employees "must clear . . . international travel" with the office of the
deputy chief of staff for operations, said the memo from the deputy chief, Ed
Sontag. To clarify, "HHS employees seeking to travel outside the continental
U.S." for meetings and conferences, must get permission and then file trip
reports within two weeks.
This sent officials calling around, asking whether trips to those states were
to go through the international travel approval system just as if they were
going to Russia or the Congo.
Apparently so. The edict would appear to include even the nearby Virgin
Islands and practically next-door Puerto Rico as well. Loop Fans can only
hope this outrage doesn't spread to other agencies. It would make for some
cold winters.
Chewing Out on the Bush Beat
Speaking of Fleischer, the usually affable spokesman is not reluctant to get
tough with reporters when he believes they've stepped out of line.
Sheriff Fleischer was on duty Thursday and upset with Houston Chronicle
reporter Bennett Roth. Bush that morning urged parents to talk more to their
kids about the dangers of drugs.
Roth, at Fleischer's daily briefing, asked: "Ari, the president talked about
parental involvement today. How much has he talked to his own daughters about
both drugs and drinking? And given the fact that his own daughter was cited
for underage drinking, isn't that a sign that there's only so much effect
that a parent can have on their children's behavior?"
Fleischer responded brusquely: "No, I think, frankly, there are some issues
where I think it's very important for you all in the press corps to recognize
that he is the president of the United States; he's also a father. And the
press corps has been very respectful in the past of treating family matters
with privacy, and I'm certain that you're going to do so again. I hope so."
Fleischer later called Roth to chastise him, telling him his question had
been "noted in the building."
Competing to Oversee the Corps
Former Mississippi representative Mike Parker, a Democrat-turned-Republican
who lost a gubernatorial bid a couple of years back, had been seen as the
pick to be assistant secretary of the Army for civil works, overseeing the
Army Corps of Engineers.
Parker, a former undertaker, had support from the barge industry, the various
corps constituencies and fellow Mississippian Trent Lott, the majority leader
of the Senate.
But the Pentagon's choice was Lawrence Izzo, recently retired president of
Enron Engineering and Construction Co. who has been in the mix for several
jobs. Izzo, a West Point grad, had 23 years at the Corps before going to
Enron, former home of Army secretary-designate Thomas White.
The majority leader was said to be most unhappy. The latest word is Parker's
getting the job.
Ex-Reporters Move On
Kenneth J. Klein, a former reporter who has worked for 17 years for Florida
Sen. Bob Graham (D), most recently as chief of staff, is joining the Outdoor
Advertising Association of America as executive vice president for government
relations.
Former Washington Post colleague Thomas W. Lippman, a 33-year national,
foreign and financial reporter and author who became vice president of
communications at the World Wildlife Fund in 1999, is moving next month to be
managing director at communications consulting firm Chlopak, Leonard,
Schechter & Associates.
Confirmation Countdown
Staff writer Michael Grunwald contributed to this report.

http://www.washingtonpost.com

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

Largest LNG 13 Conference Opens Today

05/14/2001
Korea Times
Copyright (C) 2001 Korea Times; Source: World Reporter (TM)

The largest-ever International Conference and Exhibition on liquefied natural
gas (LNG 13) opens today for a four-day run at the Convention and Exhibition
Center (COEX) in southern Seoul.
A total of 125 companies and organizations represented by 2,500 delegates and
exhibitors from 50-odd countries, including Japan, the United States, Britain
and Australia, are participating in the international event, co- organized by
the Korea Gas Union and the Korea Gas Corp. (KOGAS).
Commerce, Industry and Energy Minister Chang Che-shik will be delivering
congratulatory remarks on behalf of Prime Minister Lee Han-dong who is
currently on an official trip to the Middle East. There will be a visual
presentation from Lee during the opening ceremony.
``We have spent more than a year preparing for this international event which
is the largest in terms of the number of participants and exhibitors,'' said
Lee Seung-hwan, chairman of the Korean National Organizing Committee.
LNG 13 is 15 percent larger than the conference and exhibition held in
Australia back in 1998 which reflects the growth of the industry, Lee
explained, adding that the demand for LNG has been increasing rapidly here in
Korea.
A wide range of topics will be presented during the four days of conferences
and exhibitions, helping to showcase the importance of the LNG industry.
Among the numerous papers to be presented at the triennial event are ``Old
World, New World, Tomorrow's World: How LNG Has Changed Since LNG 12'' and
``The Next Generation of LNG Plants.''
``Hosting this meaningful event in Korea will help elevate Korea's image in
the international market, particularly with the sheer scale and size of LNG
13,'' said Kim Myung-kyu, president and CEO of KOGAS and chairman of the
Korea gas Union.
The conference will include paper sessions, workshops, poster sessions and
film presentations while exhibitors will demonstrate their exclusive
technologies for the exploration and production of LNG as well as plant
construction.
The official sponsors of LNG 13 are the International Gas Union, the Gas
Technology Institute and the International institute of Refrigeration while
the major sponsors are Shell Gas and Power, KOGAS, LG-Caltex, SK-Enron, the
Qatari Group, TotalFinaElf, British Petroleum and Exxon Mobile.
In addition to the conference and exhibition, there will be a technical visit
to the Inchon LNG Receiving Terminal in Inchon, about 50 kilometers west of
Seoul, on Friday.

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


1)  In Nancy's absence, I'd thought I'd keep the
interesting-quotes-sharing-practice alive.  This one's from John Waters in
the NYT:

"Show me a kid who's not sneaking into R-rated movies and I'll show you
a failure.  All the future CEO's of this country are sneaking into
R-rated movies."

2) Cameron, you are a football pool GENIUS!


Hi Sara,
Attached are the changes you requested.  Shall I begin confirming all
Allegheny deals on this form until the ISDA is complete?

Thanks for your help!
Kimberly Hundl x31647

From: Sara Shackleton@ECT on 04/04/2001 06:58 PM
To: Kimberly Hundl/Corp/Enron@ENRON
cc:

Subject: Re: Allegheny sample confirmation draft

Kim:

Attached are my comments.

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

	Kimberly Hundl@ENRON
	04/04/2001 10:43 AM

		 To: Sara Shackleton/HOU/ECT@ECT
		 cc: Melissa Ann Murphy/HOU/ECT@ECT
		 Subject: Allegheny sample confirmation draft

Hi Sara,
Ok, I think I have properly referenced the side letter in this confirmation.
Please let me know what changes should be made.

P.S. I am leaving at noon today, so if I haven't heard from you by then, I
will give you a call tomorrow morning.
Thanks!
Kim x31647


Please call or e-mail candidates who have received "offers".All of your hard
work paid off - you have a great list of "offers".  These students have all
been called and will receive a letter/packet by the end of the week.


My review of our file with Repo Agreements shows that we have agreements with
the following Counterparties:

1.  Chase Securities Inc.
2.  BZW Securities Limited
3.  Goldman Sachs & Co.
4.  Goldman Sachs Canada
5.  Goldman Sachs International
6.  Credit Suisse First Boston Corporation
7.  HBC Greenwell
8.  RBC Dominion Securities Inc.
9.  The Royal Bank of Scotland PLC

Sara, is out of the office on Jury Duty.  I will follow-up with her on the
status of the agreement with WDR when she return later this week.

Samantha M. Boyd
Sr. Legal Specialist
Enron North America, Corp.
1400 Smith, EB3802A
Houston, TX  77002
Phone:  (713) 853-9188
Fax:  (713) 646-3490
email:  samantha.boyd@enron.com

	Laurel Adams@ECT
	01/17/2001 10:36 AM

		 To: Stephanie Panus/NA/Enron@Enron, Susan Bailey/HOU/ECT@ECT, Samantha
Boyd/NA/Enron@Enron
		 cc:
		 Subject: Repo agreements

Ellen Su, bond trader in  Gary Hickerson's world, would like to know with
whom we have repo agreements.  I'm pretty sure we have them with Goldman
Sachs & Co. and with BMO/Nesbitt Burns.  Sara Shackleton has been working on
getting an agreement signed with Warburg Dillon Read, but it appears that at
present this document is not signed.

Could you please advise if we have signed repo docs with any other
counterparties?  Could you also update me on the status of the WDR agreement?

Thank you very much for your help.


Please check to see if this deal should be arizona public service, with whom
we have transmission.  Thanks.


Looky at what I just opened in my email.  I had some stuff tucked away in a
different directory and I'm going thru it now.  Does this still need to be
addressed?

Darla Saucier@ENRON
03/01/2001 05:14 PM
To: Chris Germany/HOU/ECT@ECT
cc:
Subject: 10/2000 Production - New Power

Hey Chris,

Does this amount look correct to you??  Do we actually owe New Power $5MM ?
they haven't mentioned it to me, but it's showing up as a balance due to
them.  could you please verify ASAP?

Thanks!


Can you please take care of this?

 -----Original Message-----
From: 	Nestor II, Thomas
Sent:	Wednesday, February 13, 2002 10:33 AM
To:	Corman, Shelley
Subject:	GISB

Shelley, do you have an extra copy of version 1.5 of GISB Standards?  FGU is looking for a copy.  Tom


Lee,

Your changes to the letter look fine to me.

I'm attaching the latest version I have on change order #2.  Are we ready to
go with this one?

We would like to close out #3 and #4 soon.  I believe GE prepared #4.   Could
you send me a copy of the latest draft of #4, as it was inadvertently deleted
from my computer. Meanwhile, I'll work to get you a draft of #3.

Thanks,

Kay

lee.johnson@ss.ps.ge.com on 10/13/2000 08:03:49 AM
To: kay.mann@enron.com
cc: michael.storm@ss.ps.ge.com, kent.shoemaker@ae.ge.com,
ben.f.jacoby@enron.com, chris.booth@enron.com

Subject: Revised letter of Sept 29

 <<SSlttrsept29rev1.doc>>  <<SSlttrsept29rev2.doc>>

Kay,

Attached is a redline version of Sept 29 letter, and clean copy for
sign/send.  The change involves reference to the contract paragraphs that
deal with corrections, enabling Enron and GE to reach agreement on timing of
performance of corrective work, if we both agreed to a schedule other than
prior to delivery to site.  We recognize that if any of this work has an
impact on your EPC contractor's site work schedule, there maybe other
consequences/remedies, as provided in the contract.

I'll sign and fax.  Hope you all have no objections.

Thanks,

Lee

 - SSlttrsept29rev1.doc
 - SSlttrsept29rev2.doc


Shelley, we had our weekly TW imbalance meeting this morning and I think
	you will be very pleased next week to see the progress the team has made.

	They have come up with plans for both the dollar valued and volumetric
	imbalances.  We have ensured the volumetric imbalances have not grown
	this last week and will continue this effort.

	TK, Darrell and Dan are bringing suggestions to the table to look at the economics
	of what the customers are doing.   We will continue to monitor throughout
	this week and weekend and be ready for an update on Tuesday.

	Hope you both are having a great vacation.  See ya next week.  Lynn


Our move to Enron Center South is scheduled for August 3rd.  In preparation of the move, please keep the following in mind.

Our space will be limited so please start going through your files and giving Mauricio any files that can be sent to archives or scanned into Livelink.
Once we move and unpack, no boxes can be left out in the open or under the desks.  Everything must be unpacked and put away so to make it easier then, please gradually start cleaning up now.  If you still have boxes you haven't unpacked from the last move, please go through them before this move.
A day devoted to clean-up will be scheduled for some time in June.
Chairs will be ordered for those who do not have standard chairs.

Thanks in advance for your cooperation with this move.  Please let me know if you have any questions.

Thanks,
Kathleen - 52713


I sent it to J. Cogan, but I can send it to other folks as well.

"Schnur, Carmen" <Cschnur@KSLAW.com> on 03/14/2001 05:42:06 PM
To: "'kay.mann@enron.com'" <kay.mann@enron.com>
cc: "Indakwa, Saki" <SAIndakwa@KSLAW.com>

Subject: Bio for Round Table 3/15/01

Kay:

Our marketing person, Saki Indakwa, is trying to get a copy of your bio by
10 a.m. for the Round Table tomorrow (Thursday, 3/15).   Is it possible for
you to e-mail it to her at "saindakwa@kslaw.com"?  or fax to (713) 751-3280.

Thank you very much.

                    Confidentiality Notice
This message is being sent by or on behalf of a lawyer.  It is intended
exclusively for the individual or entity to which it is addressed.  This
communication may contain information that is proprietary, privileged or
confidential or otherwise legally exempt from disclosure.  If you are not the
named addressee, you are not authorized to read, print, retain, copy or
disseminate this message or any part of it.  If you have received this
message in error, please notify the sender immediately by e-mail and delete
all copies of the message.


I'm actually in Portland today and will be in Salem tomorrow.  I'd like to
have a staff meeting, but it will have to be later (or earlier) in the day.
My Salem meeting starts at 9:00 a.m.   I need to leave Portland by 8:00.

Folks, please let me know of your availability on Thursday afternoon for a
quick staff meeting.