I made a mistake and put comments for another person into Krishnar's PRC.
Please make sure that you ignore it if I can't get it fixed.  Below is what I
intended to put in.  My apologies.

I will get my assistant to get it deleted and put this information in on
monday.  It won't let me do it now.  I guess it does not pay to leave 30 or
40 reviews to the last day.  Paula: Please fix this for me and let Vince know
either that it is fixed or cannot be fixed.

Innovation/Entrapraneurship
No Basis

Communicating Goal Setting
No Basis

Team Work / Communication
Excellent.  Very easy to work with and get along with.

Business Instincts
Excellent.  Krishnar is consistent in asking to help out and asking what more
he could do to help us out.

Analystical Technical
Excellent.  Krishnar has a very strong grasp of what we are doing and how it
should be done.

Overall
Excellent.  My interactions with Krishnar have been limited but positive.
Krishnar is always positive with a positive attitude to get the job done.

Strengths:
Very strong analytical skills with a desire to add value.

Areas for Improvements
I don't understand Krisnar's role (is leading all research people on our
floor or just some) well and have had limited interaction with him.  {all has
been positive when it has ocurred} This suggests that Krishnar might spend
more time define what his people are doing and getting feedback about their
performance, and developing the project scope better.


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Please forward to Elliot information about conservation and renewal programs
in California.
---------------------- Forwarded by Mary Hain/HOU/ECT on 02/15/2001 01:57 PM
---------------------------

Susan J Mara@ENRON
02/14/2001 10:59 PM
To: Alan Comnes/PDX/ECT@ECT, Angela Schwarz/HOU/EES@EES, Beverly
Aden/HOU/EES@EES, Bill Votaw/HOU/EES@EES, Brenda Barreda/HOU/EES@EES, Carol
Moffett/HOU/EES@EES, Cathy Corbin/HOU/EES@EES, Chris H Foster/HOU/ECT@ECT,
Christina Liscano/HOU/EES@EES, Christopher F Calger/PDX/ECT@ECT, Craig H
Sutter/HOU/EES@EES, Dan Leff/HOU/EES@EES, Debora Whitehead/HOU/EES@EES,
Dennis Benevides/HOU/EES@EES, Don Black/HOU/EES@EES, Dorothy
Youngblood/HOU/ECT@ECT, Douglas Huth/HOU/EES@EES, Edward
Sacks/Corp/Enron@ENRON, Eric Melvin/HOU/EES@EES, Erika Dupre/HOU/EES@EES,
Evan Hughes/HOU/EES@EES, Fran Deltoro/HOU/EES@EES, Frank W
Vickers/HOU/ECT@ECT, Gayle W Muench/HOU/EES@EES, Ginger
Dernehl/NA/Enron@ENRON, Gordon Savage/HOU/EES@EES, Harold G
Buchanan/HOU/EES@EES, Harry Kingerski/NA/Enron@ENRON, Iris Waser/HOU/EES@EES,
James D Steffes/NA/Enron@ENRON, James W Lewis/HOU/EES@EES, James
Wright/Western Region/The Bentley Company@Exchange, Jeff Messina/HOU/EES@EES,
Jeremy Blachman/HOU/EES@EES, Jess Hewitt/HOU/EES@EES, Joe
Hartsoe/Corp/Enron@ENRON, Karen Denne/Corp/Enron@ENRON, Kathy
Bass/HOU/EES@EES, Kathy Dodgen/HOU/EES@EES, Ken Gustafson/HOU/EES@EES, Kevin
Hughes/HOU/EES@EES, Leasa Lopez/HOU/EES@EES, Leticia Botello/HOU/EES@EES,
Mark S Muller/HOU/EES@EES, Marsha Suggs/HOU/EES@EES, Marty Sunde/HOU/EES@EES,
Meredith M Eggleston/HOU/EES@EES, Michael Etringer/HOU/ECT@ECT, Michael
Mann/HOU/EES@EES, Michelle D Cisneros/HOU/ECT@ECT, mpalmer@enron.com, Neil
Bresnan/HOU/EES@EES, Neil Hong/HOU/EES@EES, Paul Kaufman/PDX/ECT@ECT, Paula
Warren/HOU/EES@EES, Richard L Zdunkewicz/HOU/EES@EES, Richard
Leibert/HOU/EES@EES, Richard Shapiro/NA/Enron@ENRON, Rita
Hennessy/NA/Enron@ENRON, Robert Badeer/HOU/ECT@ECT, Rosalinda
Tijerina/HOU/EES@EES, Sandra McCubbin/NA/Enron@ENRON, Sarah
Novosel/Corp/Enron@ENRON, Scott Gahn/HOU/EES@EES, Scott Stoness/HOU/EES@EES,
Sharon Dick/HOU/EES@EES, skean@enron.com, Susan J Mara/NA/Enron@ENRON, Tanya
Leslie/HOU/EES@EES, Tasha Lair/HOU/EES@EES, Ted Murphy/HOU/ECT@ECT, Terri
Greenlee/NA/Enron@ENRON, Tim Belden/HOU/ECT@ECT, Tony Spruiell/HOU/EES@EES,
Vicki Sharp/HOU/EES@EES, Vladimir Gorny/HOU/ECT@ECT, Wanda Curry/HOU/EES@EES,
William S Bradford/HOU/ECT@ECT, Jubran Whalan/HOU/EES@EES, triley@enron.com,
Richard B Sanders/HOU/ECT@ECT, Robert C
Williams/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, dwatkiss@bracepatt.com,
rcarroll@bracepatt.com, Donna Fulton/Corp/Enron@ENRON, gfergus@brobeck.com,
Kathryn Corbally/Corp/Enron@ENRON, Bruno Gaillard/EU/Enron@Enron, Linda
Robertson/NA/Enron@ENRON, Ren, Lazure/Western Region/The Bentley
Company@Exchange, Michael Tribolet/Corp/Enron@Enron, Phillip K
Allen/HOU/ECT@ECT, Christian Yoder/HOU/ECT@ECT, jklauber@llgm.com, Tamara
Johnson/HOU/EES@EES, Mary Hain/HOU/ECT@ECT, Greg Wolfe/HOU/ECT@ECT, Jeff
Dasovich/NA/Enron@Enron, Dirk vanUlden/Western Region/The Bentley
Company@Exchange, Steve Walker/SFO/EES@EES, James Wright/Western Region/The
Bentley Company@Exchange, Mike D Smith/HOU/EES@EES, Richard
Shapiro/NA/Enron@Enron, Leslie Lawner/NA/Enron@Enron, Robert
Neustaedter/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Steve Walton/HOU/ECT@ECT
cc:
Subject: Governor Davis' Press conference Highlights -- will announce on
Friday his plan to "lease" utility transmission lines (??!!)

Sue Mara
Enron Corp.
Tel: (415) 782-7802
Fax:(415) 782-7854
----- Forwarded by Susan J Mara/NA/Enron on 02/14/2001 10:57 PM -----

	"Beiser, Megan" <Megan.Beiser@edelman.com>
	02/14/2001 04:06 PM

		 To: "Aaron Thomas (E-mail) (E-mail)" <athomas@newenergy.com>, "Andrea Weller
(E-mail) (E-mail)" <aweller@sel.com>, "andrew Chau (E-mail) (E-mail)"
<anchau@shellus.com>, "Bill Chen (E-mail) (E-mail)" <bchen@newenergy.com>,
"Douglas Oglesby (E-mail) (E-mail)" <doao@chevron.com>, "Fairchild, Tracy"
<tracy.fairchild@edelman.com>, "Jeffrey Hanson (E-mail) (E-mail)"
<jeff.hanson@phaser.com>, "jennifer Chamberlin (E-mail) (E-mail)"
<jnnc@chevron.com>, "john Barthrop (E-mail) (E-mail)"
<jbarthrop@electric.com>, "John Leslie (E-mail) (E-mail)" <jleslie@luce.com>,
"Joseph Alamo (E-mail) (E-mail)" <jalamo@enron.com>, "Manuel, Erica"
<Erica.Manuel@edelman.com>, "'Michael Nelson' (E-mail)"
<mnelson@electric.com>, "Peter Bray (E-mail) (E-mail)" <pbray@newpower.com>,
"Rebecca Schlanert (E-mail) (E-mail)" <rschlanert@electric.com>, "Richard
Counihan (E-mail) (E-mail)" <rick.counihan@greenmountain.com>, "'Robert
Morgan' (E-mail)" <rmorgan@newenergy.com>, "Sue Mara (E-mail) (E-mail)"
<smara@enron.com>
		 cc:
		 Subject: Governor Davis Announces Bill Package to Increase Renewable Energ
y, Distributed Generation and Co-generation

> The Governor held his press conference today at the co-generation plant at
> the University of California Medical Center in Sacramento.
>
> All local TV, print and radio news media outlets sent representatives.
>
> Although the focus of the news conference was supposed to be introduction
> of a legislative package promoting renewable energy, distributed
> generation and co-generation, it quickly turned to how the Governor will
> deal with the possible bankruptcy of the utilities.  The Governor said
> that it has "become increasingly obvious" to him that the best solution to
> the utilities' financial problems is the "acquisition of transmission
> lines."  He noted that the transmission lines are the utilities "most
> significant asset" and would be something the public would be able to get
> value from "in perpetuity."  He said the arrangement will likely be a
> "lease" of the utilities' lines, with the companies continuing to maintain
> them, "to capture [the utilities'] expertise."  Details of this plan will
> be announced on Friday, the Governor said.  The time and place for this
> announcement have yet to be released.
>
> The Governor later said he felt the utilities' parent/holding companies
> should "be part of the solution" so there would be "shared pain" in
> reaching a solution.
>
> The Governor said he suspected that acquisition of the transmission lines
> will involve the sale of revenue bonds, but he "didn't have enough wisdom"
> when asked about it to give a firm answer.  He said he believed he would
> have that wisdom on Friday.
>
> The Governor also commented on his plan to police and/or fine business
> establishments that keep their lights on after business hours.  He said he
> would announce a finalized plan on or around Mar. 15, a specific program
> to reduce by 50-70% the amount of energy used by retailers after-hours.
>
> The Governor did outline the legislative package designed to promote
> renewable energy, distributed generation and co-generation through
> incentives, rebates and tax credits.
>
> The package contains:
> 1.) "Rebate Increase Bill": "Emerging Renewable Resources Account of the
> Renewable Resource Trust Fund" = $50 million to increase rebates for
> renewable distributed generation systems smaller than 10 kilowatts (this
> money will come from the General Fund)
>
> 2.) Tax Credit Bill: SB 17X (Brulte): A 50% tax credit for the purchase
> and installation of renewable distributed generation systems larger than
> 10 kilowatts and up to 200 kilowatts for large facilities such as
> apartment complexes and businesses.
>
> 3.) Renewable Energy Loan Guarantee Program: AB 53X (Reyes): $50 million
> for a commercial loan guarantee program for renewable power systems,
> distributed generation and co-generation facilities.
>
> 4.)Retrofitting of Distributed Generation Facilities: This proposal will
> provide $20 million to achieve 40 MW of reduced peak load through
> retrofitting of natural gas distributed generation units at municipal
> water districts to improve environmental performance.  This involves
> retrofitting diesel and dirty natural gas generators with clean natural
> gas technology.
>
> 5.)Legislation to Exempt Microgeneration and Renewable Facilities Less
> than 1 MW from Standby Charges: Elimination of the standby charges paid by
> distributed generation end-use customers to the Investor Owned Utilities.
> This includes small co-generation facilities and only applies to units
> that generate less than one megawatt.
>
> ***********************************
>
> Please find the text of the Governor's press release for this news
> conference below:
>
> FOR IMMEDIATE RELEASE
> 02/14/2001 2:00 pm
>
> GOVERNOR DAVIS ANNOUNCES BILL PACKAGE TO INCREASE RENEWABLE ENERGY,
> DISTRIBUTED GENERATION AND CO-GENERATION
>
> SACRAMENTO
>
> Governor Gray Davis today announced a legislative package to provide
> incentives to power up more renewable energy, distributed generation and
> co-generation to help meet California's energy challenge.
>
> "By investing in renewable energy sources, clean distributed generation
> and co-generation, we can increase our energy supply without taking power
> away from the grid," Governor Davis said. "My generation plan contains the
> most ambitious renewable energy program in the nation."
>
> Distributed generation and co-generation are powerful tools for meeting
> California's power needs. These types of facilities reduce demand on the
> state power grid. They also provide energy independence from the
> Independent Systems Operator and the volatile spot market; advanced
> technology that creates jobs as well as power; and reliable energy sources
> that respect the environment.
>
> Governor Davis' legislative package for distributed generation,
> co-generation and renewable energy includes:
>
>
> 1.   $50 million to increase rebates for renewable distributed generation
> systems smaller than ten kilowatts.
> 2.   A 50% tax credit for the purchase and installation of renewable
> distributed generation systems larger than 10 kilowatts and up to 200
> kilowatts for large facilities such as apartment complexes and businesses.
> This will be carried in SB 17x by Senator Jim Brulte (R-Cucamonga).
> 3.   $50 million for a commercial loan guarantee program for renewable
> power systems, distributed generation and co-generation facilities. This
> will be carried in AB 53x by Assemblymember Sarah Reyes (D-Fresno).
> 4.   $20 million for retrofit of distributed generation owned by
> municipal water districts to improve environmental performance. This
> involves retrofitting diesel and dirty natural gas generators with clean
> natural gas technology.
> 5.   Elimination of the standby charges paid by distributed generation
> end-use customers to the Investor Owned Utilities. This includes small
> co-generation facilities and only applies to units that generate less than
> one megawatt.
>
>
> The Davis Administration will work closely with legislators to pass
> legislation to implement these proposals.
>
> Co-generation is the simultaneous generation of electricity and heat or
> steam, usually on an industrial site. Typically, the electricity is sold
> to the grid and the heat or steam is used onsite in the industrial process
>
> Distributed generation is a term used for a decentralized approach to
> generating electricity. Generally, the electricity is generated on the
> site where it is being used. It can include renewables (such as solar or
> wind power), fuel cells, and micro-generators.
>
> Governor Davis made his announcement at the UC Davis Medical Center
> Co-Generation Plant in Sacramento. The plant supplies not only all of the
> electricity for the but all of the heating and cooling, for the UC Davis
> Medical Center. It produces 26 MW of power. Since the Medical Center needs
> less than half of that, the excess power is sold back to the ISO, which
> pays the Center's utility bills.
>
> "The UC Davis Medical Center Co-Generation Plant is a self-sufficient
> facility," Governor Davis added. "It is an efficient facility. It is a
> clean facility. And it is the kind of facility that we need a lot more of
> to meet our peak energy demands."
>
> Governor Davis' energy plan relies on three elements: stabilization,
> conservation and generation. The Governor is working with legislative
> leadership on a stabilization plan for the State's Investor Owned
> Utilities. Over the last several weeks, Governor Davis unveiled an
> aggressive plan for energy conservation that will help reduce demand and
> keep costs down and a plan to dramatically increase the supply of produced
> and sold in California.
>
>
> ###
>
>


Vince,

Congratulations on your promotion to Managing Director.

Best wishes for your continued success.

Bob


---------------------- Forwarded by John Arnold/HOU/ECT on 08/03/2000 07:34
AM ---------------------------

Matthew Arnold

08/02/2000 06:46 PM

To: John Arnold/HOU/ECT@ECT, Tom Mcquade/HOU/ECT@ECT
cc:
Subject: wv love story

---------------------- Forwarded by Matthew Arnold/HOU/ECT on 08/02/2000
06:44 PM ---------------------------

Jonathon Pielop
07/31/2000 07:55 AM
To: Mo Bawa/HOU/ECT@ECT, Matthew Arnold/HOU/ECT@ECT, Brian
O'Rourke/HOU/ECT@ECT
cc:
Subject:


Here's coal.  That just leaves power and any revisions to pulp & paper we may
get from the business people.
---------------------- Forwarded by Tana Jones/HOU/ECT on 09/07/99 09:03 AM
---------------------------

Joya Davis
09/07/99 09:01 AM
To: Tana Jones/HOU/ECT@ECT
cc: Wayne Gresham/HOU/ECT@ECT, Harry M Collins/HOU/ECT@ECT
Subject: Online Trading

Here are the coal revisions:


Attached are the notes captured from the whiteboard and discussions on
Wednesday (as best as I can decipher).  Please note the next steps we
discussed:

Commitment of key subject experts (who, how much time dedicated)
Establishment of the project steering team
Detail out high level use cases

Thanks for your participation in the meeting, and I look forward to working
with you to create another great system.

-Hal
x66277


Sara and Mary:
The following is a list of ISDA Master counterparties that I will continue to
handle:

AIG Commodity Arbitrage Fund Ltd.
AIG Commodity Arbitrage Fund L.P.
SMUD - first amendment only.  brent will handle any other issues.
PECO Energy Company
Inland Paperboard & Packaging
Proctor & Gamble
Encore Energy Solutions LP
Maclaren Energy Inc.
Casco Inc.
AK Steel
Project Mercury
Project Superman
Constellation Power Source
Tenaska Marketing Ventures

As I mentioned earlier this week, the following projects will need to be
reassigned

Negotiating Enron Japan Corp. ISDA's - Susan Bailey has my Japan file
Forms Work
Offsite - I will send around an initial issues list
EIM Financial Trading point person
Canada back-up

I will continue to monitor the bankruptcy legislation

Carol


Sally,

Please see the below as an fyi.  Who is your point of contact for Japan?

Thanks,

Kevin
---------------------- Forwarded by Kevin Sweeney/HOU/ECT on 04/03/2000 09:25
AM ---------------------------

	Enron Capital & Trade Resources Corp.

	From:  Carol Chew                           04/03/2000 01:49 AM

To: Tim Poullain-Patterson/LON/ECT@ECT
cc: Tiong Hock Lim/SIN/ECT@ECT, Kevin Sweeney/HOU/ECT@ECT
Subject: Re: EOL for Japan

Tim,

Just got forwarded this message from John regarding EOL commencing in Japan
10-12 May and that all trades will be handled through Singapore books.  Could
you please clarify?

Thanks
Carol

John Chismar@ECT
04/03/2000 05:24 PM
To: Joseph P Hirl/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc:
Subject: Re: EOL for Japan

1PM local is 11Am Sing - we can do that if you guys will call me on my
handphone
65-9625-4647

John

Joseph P Hirl@ENRON_DEVELOPMENT
03/04/2000 14:13
To: John Chismar/SIN/ECT@ECT
cc:

Subject: Re: EOL for Japan

John,

I have an early call , but am free from 9-10 Sydney time (2 hours ahead of
you).  I am then free again from 1pm local time onwards.  Do any of these
times work?  If they don't then perhaps we can speak while you are in PI.

Joe

John Chismar@ECT
04/03/2000 05:10 PM
To: Joseph P Hirl/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc:
Subject: Re: EOL for Japan

Joe, just got back from a week's vacation in Dubai.  JT is now on vacation
back in the states
and won't be back until Thursday next week.  I am off to the Phillipines
tomorrow afternoon
at 1pm and will be gone until Friday afternoon.  Could we do this first thing
in the AM  tomorrow?

John

Joseph P Hirl@ENRON_DEVELOPMENT
03/04/2000 11:28
To: John Chismar@ECT, John Thomas@ENRON
cc:

Subject: EOL for Japan

As you are probably aware, we are looking at a roll out time for bringing the
international commodities on EOL to Japan before the end of this month.  We
have planned for a public rollout between 10-12 May.  The mailout for this is
expected to be sent out the third week of April.

As all the products initially posted will be handled through the Singapore
books, we need to make sure everything is in line.  We will not be offering
any domestic products until probably third quarter.  Legal has been reviewing
the nature and form of the Japanese law and has found that in its current
form we should be able to roll out the system without too much difficulty.
We will be using standard international contract forms which you would expect
the cp's in Japan to be comfortable with.  In addition to your support for
the range of petroleum products, Sydney will also quote your USD prices in
Yen.  I spoke with Hickerson last week and they are making preparations for
this.  With Sydney only 1 hour ahead, this allows Shane to provide real time
support throughout the business day in Japan.

I would suggest that we have a call in the next day or so to further
discuss.  Would tomorrow at 2pm Sydney time work?  I believe that this is
noon your time?  If this doesn't work let me know so that we can adjust.

thanks,

Joe


I don't know if you got my email, I sent it to the office.  Here's what it said in case....

"Connie --

Actually, they reacted very well - or at least as well as can be expected.  They were sad, but not horrified or anything.  They respect me and know that it's not a choice.  It was just so weird, because I did not have any agenda or intention on telling them that at that point, we were just talking about stuff (and drinking) and I just told them.  And I told them, you can't be totally surprised by this - and they said no.  They had questioned it before, but had not wanted to offend me by asking.  At the same time, they were holding out hope that it wasn't true.  But now they know.  They didn't really have alot of questions or anything, but were just accepting of it.  I'm very happy to have it off my chest.

Sorry to hear about your stomach!!!  That doesn't sound fun at all.  I had a pretty bad hangover yesterday, because I drank profusely before durning and after the whole outing myself to my parents ordeal.

Scott"

So, maybe you already read that.  Anyway, is Armin getting alzheimers???  I don't have any big plans for the weekend.  I actually have a couple of dates, but nothing major.  I've made a couple of new friends, so I want to continue to cultivate those sort of relationships...if other types come up that's fine, but I'm not really concentrating on it.  But I had to go out and tell a couple of my new friends about my revelation to my parents.  A couple of them have not done it themselves, so everybody's all proud of me and stuff.  It's kinda funny really.  But it's like the one thing that was always your biggest concern just isn't there anymore.  I hope it was the right thing to do, but I feel like it was.  Hard to say whether it was good or bad for my mom.  But, honesty is the best policy, right?

Scott

 -----Original Message-----
From: 	Im-Urlaub@t-online.de (Armin Scharnberger jun.)@ENRON [mailto:IMCEANOTES-Im-Urlaub+40t-online+2Ede+20+28Armin+20Scharnberger+20jun+2E+29+40ENRON@ENRON.com]
Sent:	Friday, June 01, 2001 10:07 AM
To:	Hendrickson, Scott
Subject:	WELL????

I'm at home now....WRITE ME!!!!


The attached document shows my proposed changes to Universal's agreement in
redlining.  I tried not to over-lawyer or make this overly complicated, but
in my view this needed a lot of basic cleanup.  Many of my changes are simply
to make the language more accurate (for example, in the use of defined
terms).

In a couple of places, I have questions:  1) In the second opening paragraph,
I don't know whether it is possible to attach the Proposal as an exhibit; if
not, ignore my change.  2) Section 4.a.  -- their provision for an adjustment
seemed a little unusual to me but it could work in favor of either party, so
I left it in.  If you don't like it, let me know.  3)  In Section 5, I just
tried to simplify the billing procedure in case of termination.  Let me know
if this does not agree with your intent.

Please call me with your comments, and let me know how you would like to
proceed.

SS
(713) 853-0596


You speak at 1:10 Central time.


I believe I understand your concerns - I would like to suggest that we add
the following language after the first sentence of Paragraph 3 - and then
execute the Agreement.

The parties acknowledge and understand that this agreement does not limit or
restrict the ability of either party to engage in its respective business,
nor does it limit either party's use or application of any information or
knowledge acquired independently of the other without breach of this
agreement in the course of such business.

-----Original Message-----
From: Mark.Greenberg@enron.com [mailto:Mark.Greenberg@enron.com]
Sent: Monday, February 26, 2001 4:55 PM
To: Fogel, Stephen
Cc: Michael.Bridges@enron.com; Tana.Jones@enron.com
Subject: TradeSpark NDA

Stephen -

Since we keep missing each other, I wanted to drop you a note about the
comments TradeSpark made to the Enron NDA.

As to the comments:

Paragraph 1 - The changes are acceptable.

Paragraph 3 - The rationale for this deletion needs to be provided.  I
cannot see why this change was made or is necessary.

Paragraph 5 - This deletion is unacceptable to Enron.

When you get a chance, please call me to further discuss Paragraph 3.

Thanks.

Mark
Senior Counsel, ENA
Phone:     713-345-8897
Facsimile: 713-646-3940
E-Mail:      Mark.Greenberg@enron.com


Julie please call me.


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To customize, reschedule, or turn off these reports please  click here      Player Updates NFL Reports   [IMAGE]'); [IMAGE] Latest NFL Player News    Patrick Jeffers  , WR CAR - Free Agent Updated 10/26/01   Jeffers hopes to return to the field for the first time in 14 months when the Panthers play host the New York Jets on Sunday. Jeffers, who tore the anterior cruciate ligament in his left knee during in a preseason game against the Pittsburgh Steelers in 2000, said he's been told by the coaching staff that he'll be activated Sunday for the first time this season. "They said it looks like I'll be up, so I'm preparing like I will be," Jeffers said. "I'm excited. It's another step along the way." Keep Jeffers reserved for now. He will see limited action if plays.     Ryan Leaf  , QB DAL - Free Agent Updated 10/26/01   Leaf will be the Cowboys' backup QB Sunday. Clint Stoerner has been named the starter in place of the injured Anthony Wright.     Clint Stoerner  , QB DAL - Free Agent Updated 10/26/01   Stoerner will start at quarterback for the Dallas Cowboys against Arizona on Sunday, replacing Anthony Wright, who is out with a chronic sprained knee and could face season-ending surgery. We wouldn't advise using Stoerner as the starting QB on your Fantasy squad. He has played just three games in his two seasons with Dallas, but was 4-of-7 for 44 yards and two touchdowns against Philadelphia this year. Ryan Leaf will be the No. 2 quarterback for Dallas.     Edgerrin James  , RB IND - Martin Cuilla Updated 10/26/01   James hyperextended his left knee in the fourth quarter of Thursday's game at Kansas City. He did not return, and was replaced by Dominic Rhodes, who scored the Colts' final TD on a 77-yard run. James remained on the sidelines after leaving the game but said his knee should be fine for the Colts' next game on November 4.     Derrick Alexander  , WR KC - Martin Cuilla Updated 10/25/01   Alexander suffered an injury to his ribs prior to Thursday's game vs. Indianapolis. He did not play, and Larry Parker and Marvin Minnis saw most of the work in two receiver sets.    James Hodgins  , RB STL - Free Agent Updated 10/25/01   Hodgins is suffering from a toe injury and is questionable for Sunday's game against New Orleans. He won't be used much in the Rams offense even if he is healthy.     Dave Stachelski  , TE NO - Free Agent Updated 10/25/01   The Saints released Stachelski Wednesday. He caught just one pass this season for five yards.     Michael Bennett  , RB MIN - Free Agent Updated 10/25/01   Bennett missed practice Wednesday and is listed as questionable on the injury report. He is making progress in his recovery, but his owners should reserve him on their roster. Head coach Dennis Green hasn't given any indication that he will use Bennett this week.     Todd Heap  , TE BAL - Free Agent Updated 10/25/01   Heap is optimistic about playing in Sunday's game against the Jaguars. However, he has been inactive since Week Two and is listed as questionable on the injury report. Consider reserving him this week.     Anthony Thomas  , RB CHI - Free Agent Updated 10/25/01   Thomas has been named the starter for Sunday's game. He has a case of turf toe but the injury is not considered to be serious. Thomas is listed as probable on the injury report.     Kevin Swayne  , WR NYJ - Free Agent Updated 10/25/01   Swayne will start at wideout in place of the injured Wayne Chrebet. Consider using Swayne if you need a third receiver to start this week.     Reggie Swinton  , WR DAL - Free Agent Updated 10/25/01   Swinton is still recovering from a hamstring injury and will be re-evaluated after practice on Thursday. Swinton won't have much Fantasy value if he is healthy.     Dedric Ward  , WR MIA - Free Agent Updated 10/25/01   Ward has been ruled out of Sunday's game at Seattle. He is still recovering from a foot injury.     Terry Allen  , RB BAL - Free Agent Updated 10/25/01   Allen practiced Wednesday but remains questionable for this week's game, according to The Baltimore Sun . Jason Brookins will start Sunday if Allen is inactive.     Jason Brookins  , RB BAL - Free Agent Updated 10/25/01   Brookins has a minor shoulder injury but is expected to play this Sunday. He might actually start this week in place of the injured Terry Allen. Nevertheless, he is listed as probable on the injury report.     Shannon Sharpe  , TE BAL - Rocks Updated 10/25/01   Sharpe is recovering from a leg injury but is expected to play in Sunday's game. He is listed as probable on the injury report.     Freddie Jones  , TE SD - Free Agent Updated 10/25/01   Jones has a sprained ankle but is expected to play in Sunday's game. He is listed as questionable on the injury report.     Hines Ward  , WR PIT - Free Agent Updated 10/25/01   Ward missed practice Wednesday because of a foot injury but is expected to play in Sunday's game. He is listed on the injury report as probable.     Joey Galloway  , WR DAL - Free Agent Updated 10/25/01   Galloway's status for Sunday's game will be determined after Thursday's practice. He is suffering from a foot injury that he suffered in the Cowboys' previous game.     Charlie Batch  , QB DET - Rocks Updated 10/25/01   Batch was given the day off Wednesday, because of a sore arm. However, The Detroit Free Press reports that he is still expected to play Sunday against the Bengals.     O.J. McDuffie  , WR MIA - Free Agent Updated 10/25/01   Don't expect McDuffie to play again this season. The Miami Herald reports that he is still suffering from pain in his surgically repaired toe. McDuffie missed most of last season as well because of the injury.     Terrence Wilkins  , WR IND - The Klap Updated 10/25/01   Wilkins will not play in Sunday's game. He has been ruled out because of broken ribs.     Jerome Pathon  , WR IND - Martin Cuilla Updated 10/25/01   Pathon will miss his third straight game Thursday at Kansas City due to a sprained right foot. Rookie Reggie Wayne will replace him in the starting lineup.     Terry Glenn  , WR NE - Tori Kuykendall Updated 10/25/01   Glenn's status for Sunday's game is uncertain, according to The Boston Globe . He did some running but did not practice Wednesday. Glenn is still recovering from a hamstring injury and the Patriots want to see how his leg holds up before activating him Sunday.     Drew Bledsoe  , QB NE - FIBSABs Updated 10/25/01   The Boston Globe reports that there is a possibility that Bledsoe might be able to fill in as the emergency QB Sunday. Although he is still under his playing weight, he has begun throwing and doing individual passing drills.     Chad Morton  , RB NYJ - Top Dogs Updated 10/25/01   Morton might be able to play this Sunday, according to The Bergen Record . He has missed the past three games because of an ankle sprain.     Marco Battaglia  , TE CIN - Free Agent Updated 10/25/01   Battaglia is listed on the injury report as probable. He has a calf injury but is expected to play in Sunday's game at Detroit.     Chad Johnson  , WR CIN - Free Agent Updated 10/25/01   Johnson is making progress in his recovery from a broken clavicle, but The Cincinnati Enquirer reports that he will be sidelined for several more weeks. Ron Dugans will fill in as the third receiver in his absence.     Chris Sanders  , WR TEN - Free Agent Updated 10/25/01   Sanders has responded well to back treatment and might play Monday, according to The Nashville Tennessean . However, Sanders is used as a third receiver on a run-oriented team and won't be too productive even if he is healthy.     Tyrone Wheatley  , RB OAK - Tori Kuykendall Updated 10/25/01   Wheatley did not practice Wednesday because of a wrist and knee injuries, but head coach Jon Gruden told The Contra Costa Times that he is making progress. He is listed as questionable for Sunday's game against the Eagles.    More Updates    Transactions NFL Reports   [IMAGE]'); [IMAGE]  10/26   Green Bay Packers    Re-signed defensive end Anthony Herron to the team's practice squad; released cornerback Hurley Tarver from the practice squad.     10/25   Arizona Cardinals    Placed defensive end Kyle Vanden Bosch on  injured reserve with a right knee injury; activated defensive end  Andy  Bowers from practice squad; signed tight end Nathan Hodel to  practice squad.    Kansas City Chiefs    Placed defensive tackle John Browning on injured reserve with a knee injury; claimed defensive tackle Tyrone Williams off waivers from the Washington Redskins  .    Chicago Rush (Arena)  Named David Witthun special teams coordinator and fullbacks/linebackers coach.     10/24   Carolina Panthers    Claimed linebacker Darren Hambrick off waivers from the Dallas Cowboys  ; waived linebacker Michael Hawkes.    Cleveland Browns    Signed defensive back Dyshod Carter to the active roster; waived defensive back Brandon Jennings; signed defensive back Earthwind Moreland to the practice squad.    Denver Broncos    Signed wide receiver Richard Hall and defensive back Kelly Herndon to the practice squad.    Detroit Lions    Placed wide receiver Germane Crowell  on injured reserve; released defensive end Alonzo Spellman; signed wide receiver Bert Emanuel  .    New Orleans Saints    Signed wide receiver Wane McGarity  to a one-year contract; waived tight end Dave Stachelski  .    Washington Redskins    Signed wide receiver Eric Metcalf  .     10/23   Chicago Bears    Placed wide receiver Marcus Robinson  on injured reserve; signed defensive end Joe Tafoya from the practice squad to the active roster; re-signed tight end Adam Young  to the practice squad.    Miami Dolphins    Placed safety Trent Gamble on injured reserve; signed safety Ray Green to a two-year contract.     10/22   Atlanta Falcons    Waived guard Chris Banks; signed tackle Dave Kadela from the practice squad; signed guard Chad Overhauser to the practice squad.    Chicago Bears    Announced it will play preseason and regular season home games in 2002 at Memorial Stadium at the University of Illinois in Urbana-Champaign.    Miami Dolphins    Signed defensive end David Bowens; released guard Ray Redziniak from the practice squad; signed wide receiver Ronney Daniels  to the practice squad.    BC Lions (CFL)  Signed defensive lineman Joe Ferrer to the practice roster.     View Transactions   [IMAGE]'); [IMAGE] View  [IMAGE]       [IMAGE]   Warning     [IMAGE]         [IMAGE]  There are no League Transactions at this time.           [IMAGE]      Breakdown Schedule   [IMAGE]'); [IMAGE] Breakdown  [IMAGE]     Matt Lenhart     Player     Pos     Points    Beuerlein, Steve   QB 0.0  Davis, Stephen   RB 0.0  Dillon, Corey   RB 0.0  Bruce, Isaac   WR 0.0  Carter, Cris   WR 0.0  Moulds, Eric   WR 0.0  Stover, Matt   K 0.0  Dolphins   DT 0.0   [IMAGE]  TOTAL     0.0    [IMAGE] Raiders   DT 0.0  Collins, Kerry   QB 0.0  Banks, Tony   QB 0.0  Dudley, Rickey   TE 0.0  Morton, Johnnie   WR 0.0  Price, Peerless   WR 0.0   [IMAGE]   at The Klap     Player     Pos     Points    Green, Trent   QB 28.0  Anderson, Mike   RB 0.0  Barber, Tiki   RB 0.0  Boston, David   WR 0.0  Brown, Troy   WR 0.0  Gonzalez, Tony   TE 13.0    K 0.0  Jaguars   DT 0.0   [IMAGE]  TOTAL     41.0    [IMAGE] Pickens, Carl   WR 0.0  Favre, Brett   QB 0.0  Alexander, Shaun   RB 0.0  Anderson, Jamal   RB 0.0  Jones, Thomas   RB 0.0  Wilkins, Terrence   WR 0.0   [IMAGE]  Copyright 2001 Commissioner.COM Inc and SportsLine.com Inc. Your site can be reached from http://fantasy.sportsline.com   FB10SP


This is true.  They will not tell us for how long, but they did shut-in 45,000/d.

 -----Original Message-----
From: 	Lavorato, John
Sent:	Thursday, October 04, 2001 9:00 AM
To:	Grigsby, Mike
Subject:	FW: Shut in comments and EOG....

 -----Original Message-----
From: 	Arnold, John
Sent:	Thursday, October 04, 2001 8:51 AM
To:	Lavorato, John; Gaskill, Chris
Subject:	FW: Shut in comments and EOG....

 -----Original Message-----
From: 	Abramo, Caroline
Sent:	Thursday, October 04, 2001 7:44 AM
To:	Arnold, John; Quigley, Dutch
Subject:	FW: Shut in comments and EOG....

- first we are seeing of this.......will ask around if the downside level of $2.25 has been discussed with our guys ....
- Gas Daily this morning page 2 comments on potential shut in on Colorado Interstate Pipe due to too much water in the pipes.Finding out more about the volume, timing, likelihood etc.

Comments from SSMB E & P report.....

"LOWER NATURAL GAS PRICES LEAD TO "MODERATION" IN PRODUCTION

With the significant pull-back in natural gas prices, EOG Resources announced
that it has already scaled back drilling activities during the second-half of
this year and is also "moderating" production from existing wells, primarily in
West and South Texas where it has shorter-lived wells.  Production "moderation"
of roughly 50 MMcf/d, or about 6.0% of the company's current total North
American natural gas production, commenced in September and is expected to
continue through at least November.  On the drilling side, the company is
currently operating 40 rigs versus a peak of 51 this past summer and expects to
end the year with around 35 rigs operating.  Nonetheless, the company is
maintaining its $800-900 million capital program for the full-year, although
actual spending is now expected to come in toward the lower end of this range.
Importantly, EOG management stated that prior to production "moderation" and
reduced drilling, the company was on course to achieve its previously stated
North American production growth target of 4.0%.  With regard to 2002,
management is still optimistic that it can achieve a 4.0% production growth
next year if composite spot natural gas prices average at our current forecast
of $2.25/MMBtu."
 << File: gasdaily.10.04.2001.pdf >>


Please make sure that nothing goes out internally or externally without the
approval of Cliff Baxter or Mark Metts.  We need to continue our usual
vetting process through both PR and IR, but need also to add Cliff and Mark.
In getting the OK from Cliff and Mark we must have no OKs by default -- ie
because we haven't received comments or a response on time.  If anybody needs
help getting to Cliff or Mark, then Mark Palmer, Karen Denne, or I can help.

Thanks
----- Forwarded by Steven J Kean/NA/Enron on 10/16/2000 10:05 AM -----

	John Ambler@ENRON_DEVELOPMENT
	10/13/2000 04:39 PM

		 To: Jimmy Mogal/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
		 cc: Steven J Kean/NA/Enron@Enron, Mark Palmer@ENRON, Johan
Zaayman/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
		 Subject: EGEP Sale Announcement

Jimmy,

I'll be working up a limited statement and Q&As, which we will need to run by
Jeff Sherrick and Mark Metts.  Once we have an approved statement I'll let
you know.  Of course, we would prefer to avoid publicity if possible.  Until
we have an approved statement, please call me to discuss if you have pressing
demands.

Thanks,

John
---------------------- Forwarded by John Ambler/ENRON_DEVELOPMENT on
10/13/2000 04:26 PM ---------------------------

Jeffrey Sherrick@ENRON
10/13/2000 03:04 PM
To: Steven J Kean/NA/Enron@Enron, John
Ambler/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Jimmy
Mogal/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: Stephen Wallace/Corp/Enron@ENRON, Larry Morse/Corp/Enron@Enron, Mike
Stewart/Corp/Enron@ENRON, Mark Koenig/Corp/Enron@ENRON, Sanjay
Bhatnagar/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT

Subject: EGEP Sale Announcement

On Friday (last night Houston time) we announced Enron's decision to sell
Enron Oil & Gas India Ltd. (EOGIL), our subsidary that owns a 30% interest in
the Panna, Mukta and Tapti concession areas.    We now have bankers involved
and a data room is being prepared in Houston which  made it extremely
difficult to keep the deal quiet any longer.  There were a rumors circulating
through the office, but the reality of the announcement was still a shock to
most of the employees in India and Houston.  Attached is a memo we handed out
to employees, but basically we said the following:
 1) Selling assets or companies is a routine part of Enron's strategy to
redeploy capital in the higher return opportunities.  The company has
exposure to a number of tremendous opportunities today that were not
envisioned even twelve months ago.  In line with this strategy, we are
placing EOGIL in the market.
 2) Depending on the success of finding an acceptable buyer for EOGIL,  we
will be reviewing the balance of our portfolio for transfer to other Enron
entities or for sale as separate packages.  We anticipate closing the EOGIL
transaction and rationalizing the remaining portfolio by March 31, 2001.
 3) Pending the success outlined in item #2, we will eliminate Enron Global
E&P as an Enron business unit on March 31, 2001.
 4) We announced some interim staff changes to facilitate the process.
  a) Jeff Sherrick would re-focus his time largely on the sale process
  b) Mike Stewart will be responsible for all India activity except the sale
process
  c) Steve Harper will be responsible for EGEP's sale activity and
coordination with our bankers and Corporate Development
 5) Commented on the potential impact to employees in general terms.  We told
them it was pre-mature to outline all of the possibilities until we signed a
PSA with a buyer.  However, in general, there is a good likelihood that many
people will either have opportunities for future employment with the buyers
or through redeployment within Enron.  Those people that do not remain with
the assets or are not redeployed in Enron will be involuntarily terminated
March 31, 2001 unless they are needed to close a transaction or to provide
transition services to a buyer.

I would like to keep this as low-keyed as possible.  Last year when we were
for sale there were not a lot of comments, but you never know.  If anyone in
the media picks up on this I would expect it to happen early next week.  Mike
Stewart is currently in India in the Mumbai office (01191228395841) and can
be reached at the Mariott after-hours(01191228577878).  He is fully briefed
on our position regarding the activities within EGEP and EOGIL.  Mike will be
traveling offshore and to Baroda over the weekend and on Monday.  I will be
available all weekend and next week at the following numbers; (work)
713-853-5934, (home) 281-320-2198, (cell) 713-569-4713.  I would suggest
talking with Mike or I before making any comments to the media if possible.

This afternoon I notified our partners and thr Gov't of India of our
intention to market our assets.  I will be making a trip to India soon to
visit with the appropriate people in these organizations within the next two
weeks.  While I wouldn't expect this to happen, please refer any inquiries
from our partners (ONGC and Reliance) or the GOI to Mike or me.  As you might
expect, we want to be careful and consistent in our message to these
groups.

I will keep you informed regarding any changes to the above.  If you have any
questions, contact me at the above numbers.

jeff


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All,

I just talked with Andy Fastow and Brian Redmon.  We need to pass on him,
they really didn't recommend him as I was led to believe.
Sorry,
Mike

Randal Maffett
03/22/2001 08:42 AM
To: Mike McConnell/HOU/ECT@ECT
cc: Eric Gonzales/LON/ECT@ECT, George McClellan/HOU/ECT@ECT, John L
Nowlan/HOU/ECT@ECT, Larry Lawyer/Enron@EnronXGate, Jeffrey A
Shankman/Enron@EnronXGate
Subject: Re: Don Reid

I met w/ him a couple weeks ago.  Good guy w/ good overall experience but
lacks any specific industry experience in crude/products/pet-chems.  I'm the
one who referred him to you and Larry.

	From:  Mike McConnell                           03/21/2001 09:52 AM

To: Eric Gonzales/LON/ECT@ECT, George McClellan/HOU/ECT@ECT, John L
Nowlan/HOU/ECT@ECT
cc: Larry Lawyer/Enron@EnronXGate, Jeffrey A Shankman/Enron@EnronXGate,
Randal Maffett/HOU/ECT@ECT
Subject: Don Reid

All,

Attached is some information on a guy that I just met with and is in
re-deployment within Enron.  He is a finance guy by training, and has closed
deals as an originator for EE&CC.  (He is not an EE&CC guy but was asked to
go over there to help as an assignment)  Andy Fastow recommended that I see
him.  I thought of your groups as a possible fit.

He is out of redeployment on Friday and if you have an interest to talk to
him I would lob in a quick call.

 Mike
---------------------- Forwarded by Mike McConnell/HOU/ECT on 03/21/2001
09:44 AM ---------------------------

Donald Reid@ENRON_DEVELOPMENT
03/21/2001 09:13 AM
To: Mike McConnell/HOU/ECT@ECT
cc:
Subject: Don Reid

Per our conversations.

Best Regards,

Don
x56282


----- Forwarded by Dan J Hyvl/HOU/ECT on 06/12/2001 02:14 PM -----

	sschneider@aep.com
	06/11/2001 11:18 AM

		 To: mlcarriere@aep.com
		 cc: washeridan@aep.com, ragreen1@aep.com, nscocavessis@aep.com,
dan.j.hyvl@enron.com
		 Subject: Re: additional contracts

(See attached file: Environmental Services Agreement Form.doc)(See attached
file: General Services & Maintenance Agreement Form.doc)(See attached file:
Master Service Agreement Form.doc)(See attached file: Project Services
Agreement Form.doc)(See attached file: Services Agreement Form.doc)

Stephen Schneider
06/11/2001 11:16 AM

To:   Molly L Carriere/HO1/AEPIN@AEPIN
cc:   William A Sheridan/HO1/AEPIN@AEPIN, Nicolas S
      Cocavessis/HO1/AEPIN@AEPIN, dan.j.hyvl@enron.com, Ronald A
      Green/HO1/AEPIN@AEPIN

Subject:  Re: additional contracts

Here are the new contract forms to utilize.  Stepheny Augustus will be
responsible to create the necessary contracts and to approve all
contractual rates as invoices are received.  Please coordinate with
Stepheny to have all contracts created.

---------------------- Forwarded by Stephen Schneider/HO1/AEPIN on
06/11/2001 11:12 AM ---------------------------

Dan.J.Hyvl@enron.com on 06/11/2001 09:12:16 AM

To:   sschneider@aep.com
cc:

Subject:  Re: additional contracts

Please review the four which I have changed from Enron Company to Houston
Pipe Line Company.  Call if you need anything further.  I intend to be over
there next Monday.

(See attached file: 2001-AFS Form.doc)(See attached file: 2001-ESA
Form.doc)(See attached file: Apsblank.doc)(See attached file: Msablank.doc)
(See attached file: 2001-AFS Form.doc)
(See attached file: 2001-ESA Form.doc)
(See attached file: Apsblank.doc)
(See attached file: Msablank.doc)

 - Environmental Services Agreement Form.doc
 - General Services & Maintenance Agreement Form.doc
 - Master Service Agreement Form.doc
 - Project Services Agreement Form.doc
 - Services Agreement Form.doc
 - 2001-AFS Form.doc
 - 2001-ESA Form.doc
 - Apsblank.doc
 - Msablank.doc


---------------------- Forwarded by Tori Kuykendall/HOU/ECT on 11/07/2000
01:53 PM ---------------------------

Randall L Gay
11/07/2000 01:26 PM
To: Suzanne Christiansen/HOU/ECT@ECT, Tori Kuykendall/HOU/ECT@ECT, Kimberly S
Olinger/HOU/ECT@ECT, Jay Reitmeyer/HOU/ECT@ECT, Matthew Lenhart/HOU/ECT@ECT
cc:
Subject: Fw: Cast your vote..........

---------------------- Forwarded by Randall L Gay/HOU/ECT on 11/07/2000 01:24
PM ---------------------------

Randall l gay <pooky@pipeline.com> on 11/06/2000 08:51:34 PM
To: randall.l.gay@enron.com
cc:
Subject: Fw: Cast your vote..........

>Return-Path: <rick_gay@msn.com>
>X-Originating-IP: [198.211.202.120]
>From: "Rick Gay" <rick_gay@msn.com>
>To: "Bryant Johnson" <brjohns@freewwweb.com>, "Bill Biehl"
<biehlfamily@juno.com>, "Clarence C. Gay Jr." <bgay@msn.com>, "Joan & Dan
Gunning" <dangunning@msn.com>, "David Johnson" <david_johnson@cor.gov>,
"Esther Johnson" <ej550@netzero.com>, "Frank Johnson" <fjohnson@tyler.net>,
"John Marsh" <jandj@skybest.com>, "Laurie Vaughn" <ibdlbv@juno.com>, "Maria
& Scott Raper" <wejammin@inetport.com>, "Ralph Saczawa"
<rsaczawa@hsv.tecolote.com>, "Randy Gay" <pooky@pipeline.com>, "Rick
Robbins" <RcR066@aol.com>, "Robert Sands" <cefpisr@flash.net>, "Ronald L.
Gay" <RonGay@msn.com>, "Scott Gay" <scottygay@aol.com>, "Stacie Gay"
<armybrat9985@aol.com>, "Stefanie Gay" <stefiegay@aol.com>, "Ronnie & Suzy
McChessney" <suzydmac@aol.com>, "Ted Brogden" <tedbrogden@aol.com>, "Mark &
Linda Dunk" <thedunks@flash.net>, "Tricia Gay" <frazzledtg@aol.com>
>Subject: Fw: Cast your vote..........
>Date: Mon, 6 Nov 2000 20:06:08 -0600
>X-OriginalArrivalTime: 07 Nov 2000 02:06:12.0498 (UTC)
FILETIME=[4D74FF20:01C0485F]
>
>Is there such a thing as natural selection?
>
>
>
>----- Original Message -----
>From: Mike Wamsley
>Sent: Sunday, November 05, 2000 1:59 PM
>To: Wamsley, Patrick & Susan; Voss, Suzanne; Schmidt Mike; Sanders, Chuck;
Ross, Chris; Robinson Barry; Neuser, Gary & Vicki; McCoy, Monty; Kuecker,
Mark; Karnes, Scott & Andrea; Hurst Bob; Gay, Rick; Claunch Jimmie; Anderson
Jon
>Subject: Fw: Cast your vote..........
>
>
>
>-----Original Message-----
>From: Keenan, Dan
><IMCEAEX-_O=THE+20F+2E+20DOHMEN+20CO+2E_OU=FDCO+20GERMANTOWN_CN=RECIPIENTS_C
>N=DANK@dohmen.com>
>To: Herkal, Michael <MHerkal@dohmen.com>
>Cc: Schwab, Dave
><IMCEAEX-_O=THE+20F+2E+20DOHMEN+20CO+2E_OU=FDCO+20GERMANTOWN_CN=RECIPIENTS_C
>N=DSchwab@dohmen.com>; Zylla, Wendy <WZylla@dohmen.com>; Hurley, Michelle
><IMCEAEX-_O=THE+20F+2E+20DOHMEN+20CO+2E_OU=FDCO+20GERMANTOWN_CN=RECIPIENTS_C
>N=MHerley@dohmen.com>; rjwalrus97@aol.com <rjwalrus97@aol.com>;
>jackneis@aol.com <jackneis@aol.com>; jackkeenan@hotmail.com
><jackkeenan@hotmail.com>
>Date: Monday, October 30, 2000 10:11 AM
>Subject: Cast your vote..........
>
>
>> 2000 Darwin Award Nominations:
>>>    Hard to believe, but another year has passed...For those who don't
>>>    know it, the Darwin Awards are awarded every year to the person(s)
>>>    who died (or almost died) in the stupidest way, thus enhancing the
>>>    gene pool by their absence.
>>>
>>>    The 2000 nominees are:
>>>    NOMINEE No. 1: [San Jose Mercury News]:
>>>    An unidentified man, using a shotgun like a club to break a former
>>>    girlfriend's windshield, accidentally shot himself to death when
>>>    the gun discharged, blowing a hole in his gut.
>>>
>>>    NOMINEE No. 2: [Kalamazoo Gazette]
>>>    James Burns, 34, (a mechanic) of Alamo, Mich., was killed in March
>>>    as he was trying to repair what police describe as a "farm type
>>>    truck." Burns got a friend to drive the truck on a highway while
>>>    Burns hung underneath so that he could ascertain the source of a
>>>    troubling noise. Burns' clothes caught on something, however, and
>>>    the other man found Burns "wrapped in the drive shaft."
>>>
>>>    NOMINEE No. 3: [Hickory Daily Record]
>>>    Ken Charles Barger, 47, accidentally shot himself to death in
>>>    December in Newton, N.C. Awakening to the sound of a ringing
>>>    telephone beside his bed, he reached for the phone but grabbed
>>>    instead a Smith Wesson .38 Special, which discharged when he drew
>>>    it to his ear.
>>>
>>>    NOMINEE No. 4: [UPI, Toronto]
>>>    Police said a lawyer demonstrating the safety of windows in a
>>>    downtown Toronto skyscraper crashed through a pane with his
>>>    shoulder and plunged 24  floors to his death. A police spokesman
>>>    said Garry Hoy, 39, fell into the courtyard of the Toronto
>>>    Dominion Bank Tower early Friday evening as he was explaining the
>>>    strength of the building's windows to visiting law students. Hoy
>>>    previously has conducted demonstration of window strength
>>>    according to police reports. Peter Lawyers, managing partner of
>>>    the firm Holden Day Wilson, told the Toronto Sun newspaper that
>>>    Hoy was "one of the best and brightest" members of the 200-man
>>>    association.
>>>
>>>    NOMINEE No. 5: [Bloomsburg News Service]
>>>    A terrible diet and room with no ventilation are being blamed for
>>>    the death of a man who was killed by his own gas. There was no
>>>    mark on his body but an autopsy showed large amounts of methane
>>>    gas in his system. His diet had consisted primarily of beans and
>>>    cabbage (and a couple of other things). It was just the right
>>>    combination of foods. It appears that the man died in his sleep
>>>    from breathing the poisonous cloud that was hanging over his bed.
>>>    Had he been outside or had his windows been opened, it wouldn't
>>>    have been fatal.  But the man was shut up in his near air-tight
>>>    bedroom.  According to the article, "He was a big man with a huge
>>>    capacity for creating "this deadly gas." Three of the rescuers got
>>>    sick and one was hospitalized.
>>>
>>>    NOMINEE No. 6: [The News of the Weird.]
>>>    Michael Anderson Godwin made news of the Weird posthumously. He
>>>    had spent several years awaiting South Carolina's electric chair
>>>    on a murder conviction before having his sentence reduced to life
>>>    in prison. Whilst sitting on a metal toilet in his cell and
>>>    attempting to fix his small TV set, he bit into a wire and was
>>>    electrocuted.
>>>
>>>    NOMINEE NO. 7: ["The Indianapolis Star"].
>>>    A cigarette lighter may have triggered fatal explosion in Dunkirk,
>>>    Indiana.  A Jay County man using a cigarette lighter to check the
>>>    barrel of a muzzle loader was killed Monday night when the weapon
>>>    discharged in his face, sheriff's investigators said. Gregory
>>>    David Pryor, 19, died in his parents' rural Dunkirk home about
>>>    11:30 pm.  Investigators said Pryor was cleaning a 54-caliber
>>>    muzzle loader that had not been firing properly. He was using the
>>>    lighter to look into the barrel when the gunpowder ignited.
>>>
>>>    NOMINEE No. 8: [Reuters, Mississauga, Ontario] A man cleaning a
>>>    bird Feeder on the balcony of his condominium apartment in this
>>>    Toronto suburb slipped and fell 23 stories to his death.  Stefan
>>>    Macko, 55, was standing on a wheeled chair when the accident
>>>    occurred, said Inspector D'Arcy Honer of the Peel regional police.
>>>    "It appears the chair moved and he went over the balcony," Honer
>>>    said.
>>>
>>>    NOMINEE No.9: [Arkansas Democrat Gazette] Two local men were
>>>    seriously injured when their pick-up truck left the road and
>>>    struck a tree near Cotton Patch on State Highway 38 early Monday
>>>    morning. Woodruff County deputy Dovey Snyder reported the accident
>>>    shortly after midnight Monday. Thurston Poole, 33, of Des Arc and
>>>    Billy Ray Wallis, 38, of Little Rock are listed in serious
>>>    condition at Baptist Medical Center. The accident occurred as the
>>>    two men were returning to Des Arc after a frog gigging trip. On an
>>>    overcast Sunday night, Poole's pick-up truck headlights
>>>    malfunctioned.  The two men concluded that the headlight fuse on
>>>    the older model truck had burned out. As a replacement fuse was
>>>    not available,  Wallis noticed that the .22 caliber bullet from
>>>    his pistol fit perfectly into the fuse box next to the steering
>>>    wheel column.  Upon inserting the bullet, the headlights again
>>>    began to operate properly and the two men proceeded on east-bound
>>>    toward the White River bridge. After traveling approximately 20
>>>    miles and just before crossing the river, the bullet apparently
>>>    overheated, discharged and struck Poole in the right testicle. The
>>>    vehicle swerved sharply to the right exiting the pavement and
>>>    striking a tree. Poole suffered only minor cuts and abrasions from
>>>    the accident, but will require surgery to repair the other wound.
>>>    Wallis sustained a broken clavicle and was treated and released.
>>>    "Thank God we weren't on that bridge when Thurston shot his balls
>>>    off or we might both be dead" stated Wallis. "I've been a trooper
>>>    for ten years in this part of the world, but this is a first for
>>>    me. I can't believe that those two would admit how this accident
>>>    happened," said Snyder.   Upon being notified of the wreck,
>>>    Lavinia, Poole's wife, asked how many frogs the boys had caught
>>>    and did anyone get them from the truck.   (Way to go, Lavinia!)
>>>
>>>
>>
>>___________________________________________________________
>Get more from your time online.  FREE MSN Explorer download :
http://explorer.msn.com
>
Is there such a
thing as natural selection?

-----
Original Message -----

From: Mike Wamsley

Sent: Sunday, November 05, 2000 1:59
PM

To: Wamsley, Patrick
& Susan; Voss, Suzanne; Schmidt Mike; Sanders, Chuck; Ross, Chris;
Robinson Barry; Neuser, Gary & Vicki; McCoy, Monty; Kuecker, Mark;
Karnes, Scott & Andrea; Hurst Bob; Gay, Rick; Claunch Jimmie; Anderson
Jon

Subject: Fw: Cast your
vote..........

-----Original Message-----
From:
Keenan,
Dan
<IMCEAEX-_O=THE+20F+2E+20DOHMEN+20CO+2E_OU=FDCO+20GERMANTOWN_CN=RE
CIPIENTS_C
N=DANK@dohmen.com>
To: Herkal, Michael
<MHerkal@dohmen.com>
Cc: Schwab,
Dave
<IMCEAEX-_O=THE+20F+2E+20DOHMEN+20CO+2E_OU=FDCO+20GERMANTOWN_CN=R
ECIPIENTS_C
N=DSchwab@dohmen.com>; Zylla, Wendy
<WZylla@dohmen.com>; Hurley,
Michelle
<IMCEAEX-_O=THE+20F+2E+20DOHMEN+20CO+2E_OU=FDCO+20GERMANTOWN_
CN=RECIPIENTS_C
N=MHerley@dohmen.com>; rjwalrus97@aol.com
<rjwalrus97@aol.com>;
jackneis@aol.com <jackneis@aol.com>;
jackkeenan@hotmail.com
<jackkeenan@hotmail.com>
Date: Monday,
October 30, 2000 10:11 AM
Subject: Cast your
vote.........

> 2000 Darwin Award
Nominations:
>>    Hard to believe, but another year
has passed...For those who don't
>>    know it, the
Darwin Awards are awarded every year to the
person(s)
>>    who died (or almost died) in the
stupidest way, thus enhancing the
>>    gene pool by
their absence.
>>
>>    The 2000 nominees
are:
>>    NOMINEE No. 1: [San Jose Mercury
News]:
>>    An unidentified man, using a shotgun
like a club to break a former
>>    girlfriend's
windshield, accidentally shot himself to death
when
>>    the gun discharged, blowing a hole in his
gut
>>
>>    NOMINEE No. 2: [Kalamazoo
Gazette]
>>    James Burns, 34, (a mechanic) of
Alamo, Mich., was killed in March
>>    as he was
trying to repair what police describe as a "farm
type
>>    truck." Burns got a friend to drive the
truck on a highway while
>>    Burns hung underneath
so that he could ascertain the source of a
>>
troubling noise. Burns' clothes caught on something, however,
and
>>    the other man found Burns "wrapped in the
drive shaft."
>>
>>    NOMINEE No. 3:
[Hickory Daily Record]
>>    Ken Charles Barger, 47,
accidentally shot himself to death in
>>    December
in Newton, N.C. Awakening to the sound of a
ringing
>>    telephone beside his bed, he reached
for the phone but grabbed
>>    instead a Smith
Wesson .38 Special, which discharged when he
drew
>>    it to his
ear.
>>
>>    NOMINEE No. 4: [UPI,
Toronto]
>>    Police said a lawyer demonstrating
the safety of windows in a
>>    downtown Toronto
skyscraper crashed through a pane with his
>>
shoulder and plunged 24  floors to his death. A police
spokesman
>>    said Garry Hoy, 39, fell into the
courtyard of the Toronto
>>    Dominion Bank Tower
early Friday evening as he was explaining the
>>
strength of the building's windows to visiting law students.
Hoy
>>    previously has conducted demonstration of
window strength
>>    according to police reports.
Peter Lawyers, managing partner of
>>    the firm
Holden Day Wilson, told the Toronto Sun newspaper
that
>>    Hoy was "one of the best and brightest"
members of the 200-man
>>
association.
>>
>>    NOMINEE No. 5:
[Bloomsburg News Service]
>>    A terrible diet and
room with no ventilation are being blamed for
>>
the death of a man who was killed by his own gas. There was
no
>>    mark on his body but an autopsy showed
large amounts of methane
>>    gas in his system.
His diet had consisted primarily of beans and
>>
cabbage (and a couple of other things). It was just the
right
>>    combination of foods. It appears that
the man died in his sleep
>>    from breathing the
poisonous cloud that was hanging over his bed.
>>
Had he been outside or had his windows been opened, it
wouldn't
>>    have been fatal.  But the man
was shut up in his near air-tight
>>
bedroom.  According to the article, "He was a big man with a
huge
>>    capacity for creating "this deadly gas."
Three of the rescuers got
>>    sick and one was
hospitalized.
>>
>>    NOMINEE No. 6: [The
News of the Weird.]
>>    Michael Anderson Godwin
made news of the Weird posthumously. He
>>    had
spent several years awaiting South Carolina's electric
chair
>>    on a murder conviction before having his
sentence reduced to life
>>    in prison. Whilst
sitting on a metal toilet in his cell and
>>
attempting to fix his small TV set, he bit into a wire and
was
>>
electrocuted.
>>
>>    NOMINEE NO. 7: ["The
Indianapolis Star"].
>>    A cigarette lighter may
have triggered fatal explosion in Dunkirk,
>>
Indiana.  A Jay County man using a cigarette lighter to check
the
>>    barrel of a muzzle loader was killed
Monday night when the weapon
>>    discharged in his
face, sheriff's investigators said. Gregory
>>
David Pryor, 19, died in his parents' rural Dunkirk home
about
>>    11:30 pm.  Investigators said Pryor
was cleaning a 54-caliber
>>    muzzle loader that
had not been firing properly. He was using the
>>
lighter to look into the barrel when the gunpowder
ignited
>>
>>    NOMINEE No. 8: [Reuters,
Mississauga, Ontario] A man cleaning a
>>    bird
Feeder on the balcony of his condominium apartment in
this
>>    Toronto suburb slipped and fell 23
stories to his death.  Stefan
>>    Macko, 55,
was standing on a wheeled chair when the
accident
>>    occurred, said Inspector D'Arcy Honer
of the Peel regional police.
>>    "It appears the
chair moved and he went over the balcony,"
Honer
>>
said.
>>
>>    NOMINEE No.9: [Arkansas
Democrat Gazette] Two local men were
>>    seriously
injured when their pick-up truck left the road
and
>>    struck a tree near Cotton Patch on State
Highway 38 early Monday
>>    morning. Woodruff
County deputy Dovey Snyder reported the
accident
>>    shortly after midnight Monday.
Thurston Poole, 33, of Des Arc and
>>    Billy Ray
Wallis, 38, of Little Rock are listed in
serious
>>    condition at Baptist Medical Center.
The accident occurred as the
>>    two men were
returning to Des Arc after a frog gigging trip. On
an
>>    overcast Sunday night, Poole's pick-up
truck headlights
>>    malfunctioned.  The two
men concluded that the headlight fuse on
>>    the
older model truck had burned out. As a replacement fuse
was
>>    not available,  Wallis noticed that
the .22 caliber bullet from
>>    his pistol fit
perfectly into the fuse box next to the
steering
>>    wheel column.  Upon inserting
the bullet, the headlights again
>>    began to
operate properly and the two men proceeded on
east-bound
>>    toward the White River bridge.
After traveling approximately 20
>>    miles and
just before crossing the river, the bullet
apparently
>>    overheated, discharged and struck
Poole in the right testicle. The
>>    vehicle
swerved sharply to the right exiting the pavement
and
>>    striking a tree. Poole suffered only minor
cuts and abrasions from
>>    the accident, but will
require surgery to repair the other wound.
>>
Wallis sustained a broken clavicle and was treated and
released.
>>    "Thank God we weren't on that bridge
when Thurston shot his balls
>>    off or we might
both be dead" stated Wallis. "I've been a
trooper
>>    for ten years in this part of the
world, but this is a first for
>>    me. I can't
believe that those two would admit how this
accident
>>    happened," said Snyder.
Upon being notified of the wreck,
>>    Lavinia,
Poole's wife, asked how many frogs the boys had
caught
>>    and did anyone get them from the
truck.   (Way to go,
Lavinia!)
>>
>>
>
>

_____________________________
______________________________
Get more from your time online.  FREE MSN
Explorer download : http://explorer.msn.com

>


Louise

I've spoken with Bryan - your understanding is correct - there will initially
be circa 250 products total spread across the product types (which are
defined by the country of incorporation of the reference credit).

He is hoping to grow this quickly.

M

Louise Kitchen
18/01/2000 16:57
To: Louise Kitchen/LON/ECT@ECT
cc: Paul Simons/LON/ECT@ECT, Bryan Seyfried/LON/ECT@ECT, John
Sherriff/LON/ECT@ECT, Jeffrey T Hodge/HOU/ECT@ECT, Julia Murray/HOU/ECT@ECT,
Mark Taylor/HOU/ECT@ECT, Michael R Brown/LON/ECT@ECT, Edmund
Cooper/LON/ECT@ECT, Justin Boyd/LON/ECT@ECT, Rod Sayers/LON/ECT@ECT, Janine
Juggins/LON/ECT@ECT, Steve W Young/LON/ECT@ECT, David Weekes/LON/ECT@ECT,
David Forster/LON/ECT@ECT, Elena Kapralova/LON/ECT@ECT, Mark
Dilworth/LON/ECT@ECT

Subject: Re: Credit Trading OnLine - Results of Legal Due Diligence and Risk
Memo

Bryan

Mark told me that in the meeting (legal trading weekly conference call, Paul
spoke of a different 250 products per country?  Is this right?  This has some
serious implications.  Could you let us know as this hasn't come up before I
had assumed your 250 products were the same whatever the country.

Regards

Louise

Louise Kitchen
01/17/2000 07:07 PM
To: Paul Simons/LON/ECT@ECT, Bryan Seyfried/LON/ECT@ECT
cc: John Sherriff/LON/ECT@ECT, Bryan Seyfried/LON/ECT@ECT, Jeffrey T
Hodge/HOU/ECT@ECT, Julia Murray/HOU/ECT@ECT, Mark Taylor/HOU/ECT@ECT, Michael
R Brown/LON/ECT@ECT, Edmund Cooper/LON/ECT@ECT, Justin Boyd/LON/ECT@ECT, Rod
Sayers/LON/ECT@ECT, Janine Juggins/LON/ECT@ECT, Steve W Young/LON/ECT@ECT,
David Weekes/LON/ECT@ECT, David Forster/LON/ECT@ECT, Elena
Kapralova/LON/ECT@ECT, Mark Dilworth/LON/ECT@ECT

Subject: Re: Credit Trading OnLine - Results of Legal Due Diligence and Risk
Memo

Thanks very much for your memo Paul it is very helpful.  I attach below for
completeness the To Do list put together by Elena in order to put Credit on
EnronOnline.
There are two remaining issues which require further thought:-

1.  How do we want to display Credit on a long term basis on EnronOnline.
For the short term, we can put credit out there but the number of updates
will be restricted.  Using Jay's best guess on a slow network connection the
initialization process will take upto 4 minutes and on a normal connection
250 updates every 30 seconds would prevent people from trading.   So we do
have some scaling issues? Our model doesn't really function for simultaneouse
changing of hundreds of products so really we need to actually get a much
better specific on how many updates you envisage.   Do you really envisage
that many updates?  Also we haven't yet experienced fast updates which we
will do when FX joins the system.

2.  We have approximately 4000 guest id and passwords?  Can these see credit
pricing from a due diligence perspective.

Elena will be leaving the EnronOnline group at the end of this week and Mark
Dilworth will be our main point of contact in Dave's absence.  Any questions
please do not hesitate to call me (713 853 3488).

Louise
Outstanding Credit Derivatives Issues	Action	Status	Resolved by
1. Redraft Credit Derivatives GTCs 	Decide how many GTCs are needed ) 1, 2 or
6 ) and prepare the draft(s) accordingly with following issues in
consideration:
	? Change &Effective Date8 language to refer to the dates on the website.
	? Cofidentiality issue ) legal advice is to leave it out. Bryan Seyfried to
make decision on commercial basis, whether not to include it at all, or
include the softer clause, for ex. that counterparties cannot use Enron name
when disclosing transactions, details.
	? Include &bad faith8 provision to prevent sleeving.
	? Decide what entities should enter transactions on Enron side ) ECTRI for
Europe and ENA for North America (?)
	? Get Tax sign-off		Paul Simons/Edmund Cooper/Slaughter&May
2. Translation of GTCs	Decide whether translations are needed and, if so, prepare
them:
	? Nordic GTC into Norwegian
	? Swiss GTC into German		Paul Simons/Edmund Cooper/Slaughter&May
3.  Withholding Tax Issue	Do further research and take a view regarding US
Withholding Tax issue, i.e. that US entity can only transact with another US
entity.		Jannine Juggins/ Paul Simons
Legal Validation of Long Descriptions	Make sure that Long Descriptions are aligned with
GTCs.		Edmund Cooper
4. Legal Review of Paper Confirmations	Modify language in the paper confirmations according
to GTCs and Long Descriptions.		Edmund Cooper
5. Translation of Paper Confirmations	If necessary, prepare the following translations:
	? Nordic Conf. - into Norwegian
	? Swiss Conf - into German		Paul Simons/Edmund Cooper
6. Draft Consent Paragraph to be included in the Marketing Letter 	? Draft a
consent paragraph to be added to the Marketing Letter that goes to Ref.
Entities companies
	? Get PR approval		Paul Simons/Edmund Cooper
7. Confidentiality Lists	Identify counterparties in the Confidentiality Lists (all
Enron entities) that will be used as underlying Reference Entities and get
their written consent.		Paul Simons/Edmund Cooper/Mark Taylor
8. Confidentiality Procedures	Prepare Procedures and educate Enron traders that
confidential information about Ref. Entities is not misused.		Paul Simons
9. Prepare Counterparty List	Prepare the Counterparty List and forward it to Legal
(for capacity check) and Credit for approval.
	Note: List must contain exact entity name that will be entering Cr. Deriv.
transactions		Bryan Seyfried
11. Capacity Check on Counterparties	Check counterparties, constitutional documents to make
sure that they have legal power and authority to trade Cr. Deriv.
	Note: Finish counterparties must be &professional investors8.		Paul Simons/Edmund
Cooper/Mark Taylor
12. Get Counterparties List Approvals	Bryan to chase Credit/Legal/Traders to get there
sign-off.		Bryan Seyfried
13. Complete Reference Entities List	? Add information on country of incorporation
and abbreviation (up to 12 characters) to the existing Ref. Entities List.
	? Get Traders, Legal, Credit and Tax (?) approval.		Bryan Seyfried/Raj Sharma
14. Attach Cr. Deriv. GTCs to all Cr. Deriv. transactions confirmations	Make sure that Back
Office procedures are amended accordingly.		Bryan Seyfried/Barry Pierce
15. Investigate whether companies from Canada and Germany can be used as Ref.
Entities	For time-being Canadian and German companies won,t be used neither as Ref.
Entities nor they will be able to enter trades as counterparties. However,
being Ref. Entities ) needs further investigation.		Paul Simons/Edmund Cooper/Mark Taylor
16. Legal Budget	Estimate approx. legal fees budget for Cr. Deriv.		Paul Simons
17. Short Descriptions	Change Short Descriptions:
	? Product Type should read: &US Credit Dflt8, i.e. not &US Cr Dflt Swap8
	? Upload Underlying Credits (Ref. Entities) abbreviation according to Raj,s
List.		Elena Kapralova/Mark Dilworth
18. Online Test	Set up Cr. Derivatives in the Test environment and make test
trades.		Bryan Seyfried and Cr. Deriv. traders
19. Set up New Database	If decision on placing Cr. Derivatives as a separate page is
final, start working on coding a separate Cr. Derivatives Database.		Mark Dilworth to
co-ordinate with IT
20. Sigma Factors	Set-up Sigma factors on the Product Type level.		Mark Dilworth to
co-ordinate with Credit
21. Risk Calculation	Set-up methodology for risk calculation on underlying Ref. Entities.		Mark
Dilworth to co-ordinate with RAC

Legal Deliverables ) Credit Derivatives

Deliverable 	Jurisdiction	Delivery Date 	Status	Delivered by
1. GTCs 	All 			Slaughter&May
2. Long Product Descriptions Validation	All			Edmund Cooper
3. Translation of Norwegian and Swiss GTCs into German and Norwegian if
necessary	Norway, Switzerland			Slaughter&May
4. Paper Confirmations	All			Edmund Cooper
5. Translation of Norwegian and Swiss confirmations into German and Norwegian
if necessary	Norway, Switzerland			Slaughter&May
6. Consent Paragraph in the Marketing Letter	All			Paul Simons/ Edmund Cooper
7. Confidentiality Procedures	N/A			Paul Simons
8. Further info on Canadian and German companies as Ref. Entities	Canada, Germany			Paul Simons/
Edmund Cooper

Credit Derivatives ) Resolved Issues

Resolved Credit Derivatives Issues	Action	Status	Resolved by
1.
2.
3.

Paul Simons
01/17/2000 02:01 PM
To: John Sherriff/LON/ECT@ECT, Louise Kitchen/LON/ECT@ECT
cc: Bryan Seyfried/LON/ECT@ECT, Jeffrey T Hodge/HOU/ECT@ECT, Julia
Murray/HOU/ECT@ECT, Mark Taylor/HOU/ECT@ECT, Michael R Brown/LON/ECT@ECT,
Jeffrey T Hodge/HOU/ECT@ECT, Edmund Cooper/LON/ECT@ECT, Justin
Boyd/LON/ECT@ECT, Rod Sayers/LON/ECT@ECT, Janine Juggins/LON/ECT@ECT, Mark
Frevert/LON/ECT@ECT, Rick Buy/HOU/ECT@ECT, Steve W Young/LON/ECT@ECT, Shirley
A Hudler/HOU/ECT@ECT, David Weekes/LON/ECT@ECT, David Forster/LON/ECT@ECT,
Elena Kapralova/LON/ECT@ECT

Subject: Credit Trading OnLine - Results of Legal Due Diligence and Risk Memo

NOTE - GIVEN THE PROPOSED LAUNCH DATE OF 24 JANUARY 2000 FOR THIS PRODUCT,
THIS NOTE IS INTENDED TO SERVE BOTH AS A SUMMARY OF THE RESULTS OF OUR LEGAL
DUE DILIGENCE AND AS A RISK MEMO

As you know, we have carried out legal due diligence in the eight countries
where it was intended the credit product  would initially be traded via
EnronOnLine - namely, the UK, the US, Canada, Finland, Germany, Norway,
Sweden and Switzerland.  Under the terms of the credit product, on the
occurrence of  a bankruptcy with respect to a specified third party (the
Reference Entity) the Seller of the product (which could be either Enron or
its online counterparty) will pay a fixed, pre-agreed cash sum in an agreed
currency to the Buyer. (It should be borne in mind that this product differs
in a number of ways from the more conventional credit derivatives traded in
the international markets. This means that a change in the nature or terms of
our product or the introduction of alternative credit products will likely
change the analysis below.)

Set out below is an overview of where we have come out on the more
significant legal issues.  I am also attaching a two page "Executive Summary
of Legal Advice" prepared by outside counsel which highlights the significant
legal issues/risks in each country and which should be read in conjunction
with this note mail. As you will see, the Executive Summary does not focus on
issues we raised which are "all clear" from a legal perspective, so as to
keep the summary to a sensible length  (but there was plenty of good news
too!).  Where a legal issue has been identified, I have either set out below
what action is to be taken, or not addressed it further on the basis that, on
the advice of foreign counsel, the risk is not very substantial or unlikely
to materialise. Therefore, where no comment is made below in relation to a
risk highlighted in the attached summary, please assume that the legal risk
is one which, in our view, it is reasonable to take.

A.  Countries in which the credit product can be traded in January 2000

 Finland, Norway, Sweden, Switzerland, UK, US

B.  Countries in which launch of the product via EnronOnline will need to be
delayed

 Canada, Germany (reasons set out below)

C.  General Issues (applicable in all countries)

The credit product is fundamentally different from the usual energy and
related products we trade and so gives rise to new or increased legal risks
of a general nature:

(i)  Capacity - We will not be able to assume generally that our
counterparties will have the legal power and authority necessary to trade the
product and so will need to check each counterparty's constitutional
documents before allowing them to trade the product online.  This applies to
almost all entities (eg corporates, municipalities, insurance companies) in
all countries.  Some entities may lack the power to trade under the general
law (in which case we will not be able to deal with them at all) or under
their constitutional documents (in which case they will need to amend their
constitutional documents if they wish to trade).

The check need only be made once at the beginning of the credit trading
relationship and so can be added to our procedures.  It is not a particularly
onerous job and will increase the cost of this business only incrementally.

(ii)  Confidentiality - We will need to put in place procedures to ensure
that we are not misusing confidential information about our business
counterparties on whom we are offering credit protection.  Misuse can occur
both in pricing the product and trading it.  The procedures will not include
formal Chinese Walls separating the credit traders from our other traders or
the credit department (a point we have managed to agree with both UK and US
counsel following very detailed discussions).  The procedures will include
(a) the use of a Restricted List in both the US and Europe (similar to the
procedure currently used in Houston); and (b) practical steps to ensure that
confidential information derived from other areas of our business and which
we are not entitled to use (eg because it is the subject of a confidentiality
agreement) is not imparted to the credit traders.  In addition, where Enron
has an especially close relationship with a prospective reference entity, or
otherwise has confidential information relating to such an entity, we will
need its written consent before offering protection on that entity.  Without
such consent, there will be an unjustifiably high risk of being sued by that
entity for breach of confidence.

D.  Country Specific Issues

(i)  Canada - There is a substantial risk that the product will constitute
insurance business, constituting an offence and rendering contracts in the
product unenforceable against our counterparties.  We should try to resolve
this issue with the Canadian authorities before launching the product in
Canada.  Timeframe for clearance is highly uncertain since it is not clear
which Canadian authority would take jurisdiction of the matter.

(ii)  Germany -  Again the issue is insurance.  The risk is higher than in
Canada and so Germany should be excluded initially.

(iii)  Norway - There is a material risk that the credit product could be
regarded as gaming in Norway, in which case trades would be void and
unenforceable.  The normal way to mitigate this risk in Norway is by using a
"substantial professional effort" to satisfy ourselves that a trade is being
entered into for valid commercial purposes (normally hedging) by our
counterparty. Clearly, it will not be possible to take such steps on a trade
by trade basis in the context of EnronOnline.  At a minimum, we should
therefore ensure at the outset of the online trading relationship in this
product with each Norwegian counterparty that there is a commercial logic
behind its trading this product type.

(iv)  Switzerland -  If the credit product is the main purpose of our trading
relationship with a counterparty, we should check with the Swiss supervisory
authority whether the product constitutes insurance (the position being
unclear).  If a trade is insurance, it can be terminated by the counterparty
(which is obviously of greater concern if Enron is the Buyer) and an offence
will be committed since Enron is not authorised as a Swiss insurer.  However,
I understand that the initial group of counterparties will be existing
business relationships, in which case we can parallel path this issue.

(v)  US (New York Law)

(a) CFTC regulation - by structuring the product either as a swap or an
option (and meeting certain other conditions) we can rely on exemptions under
the US Commodities Exchange Act.

(b)  US securities laws - there is a small chance that the credit product
constitutes a "security" under US securities laws (please see attached
Executive Summary).  However, SEC regulations allow the public offering of
securities to "accredited investors" which will allow us to deal with
investors having at least US$5 million in assets.  Since most of our
counterparties will be fairly large, sophisticated players, this test should
not impede the business.

(c)  Insider trading - US counsel have advised that the risk of insider
trading occurring as a result of the product being characterised as security
(see (b) above) is relatively remote.

------------------------------------------------------------------------------
--------------------
Please feel free to call me on x36566 if you would like to discuss this
project further.

Best regards

Paul


Would you like to set up a time to chat?  My calendar is pretty clear this
week, except for tomorrow at 2:00 pm.


not to worry,  we'll see 80s within 3 weeks


Good morning Bill,

I haven't alerted the trade press yet, but I think that it would be a good
idea to do this tomorrow, when the website is made public. This way, I can
steer them in that direction for more details.
Best,
Heather

At 11:32 AM 10/19/00 -0400, whederman@columbiaenergygroup.com wrote:
>Heather,
>The site looks fine.  Have you started alerting the trade press?  That will
be
>important for attendance and visibility.
>Bill


Good morning, did you go to the farm this weekend?  How are the horses etc.  Are you teaching this semester?

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


We should determine whether we want to voice an opinion on this.  Seems there would be two issues  that might concern us:  1) bankruptcy and 2) effect on our book.  Might be useful to discuss briefly; perhaps first thing tomorrow morning.  Thoughts?

Best,
Jeff

-----Original Message-----
From: JBennett [mailto:JBennett@GMSSR.com]
Sent: Monday, September 10, 2001 9:53 AM
To: Jeff Dasovich (E-mail); Jim Steffes (E-mail); Kingerski, Harry; Sue
Mara (E-mail)
Subject: FW: ALL PARTY MEETING A.00-11-038, et al. Wed. 9/12/01 @ 11:00
a.m.

Cmmr. Wood is holding an all-party meeting on Wednesday to address the
proposed decision on DWR's revenue requirement (and the concurrent
allocation of that revenue requirement among the UDCs). The Commission is
due to vote on this proposed decision at its continuation meeting on
Thursday (the 13th)  Please let me know by tomorrow if you would like anyone
from our offices to attend.

Jeanne Bennett

> -----Original Message-----
> Serizawa, Linda; Weissman, Steve; Toy, Mary "Susie"; Wood, Carl W.
> Subject:	ALL PARTY MEETING A.00-11-038, et al. Wed. 9/12/01 @ 11:00
> a.m.
>
>  <<CPUC01-#106125-v1-All_Party_Meeting_Notice_-_A_00-11-038__et_al__.doc>>
>


PLEASE DO NOT DISTRIBUTE.  I haven't read this yet, so I don't know if it's
good bad or indifferent.  McFadden is one of the Manifesto signers and a
Nobel Laureate.  If folks have comments, please forward them along and I will
get them into the mix.  Thanks a bunch.

Best,
Jeff
----- Forwarded by Jeff Dasovich/NA/Enron on 02/02/2001 08:07 PM -----

	Dan McFadden <mcfadden@econ.Berkeley.EDU>
	02/02/2001 04:35 PM

		 To: David Teece <teece@haas.berkeley.edu>, CKM@pa.urel.berkeley.edu,
dackman@forbes.net, jwilcoxa@earthlink.net
		 cc: jim.sweeney@stanford.edu, spiller@haas.berkeley.edu,
John_Chandley@LECG.com, tyson@haas.berkeley.edu,
tom_campbell@law.stanford.edu, shmuel@euler.berkeley.edu, willrichm@aol.com,
george_barker@LECG.com, cdanner@wilkandassociates.com,
gilbert@econ.Berkeley.EDU, yellen@haas.berkeley.edu, scott_harvey@LECG.com,
jscadding@wilkandassociates.com, mwilk@wilkandassociates.com,
phillip_mcleod@LECG.com, berk@haas.berkeley.edu, john_chandley@LECG.com,
jdasovic@enron.com, lfried@uclink.berkeley.edu, william_hogan@harvard.edu,
rmichaels@fullerton.edu, borenste@haas.berkeley.edu,
richard.rumelt@anderson.ucla.edu, rschmidt@LECG.com,
pverleger@compuserve.com, pjoskow@mit.edu, joseph.mullinix@ucop.edu,
mcfadden@econ.Berkeley.EDU, steven@stoft.com, peter.gosselin@latimes.com
		 Subject: Statement on Energy Crisis

I have prepared a statement on the California energy crisis in response to
a solicitation from the Wall Street Journal, and attach a preliminary first
draft in pdf and Wordperfect formats.  This may or may not appear in some
edited form as an op-ed piece in the WSJ.  Although this statement is in
my own words, I believe it is consistent with the Manifesto.  I would
appreciate feedback from my fellow economists if I have made statements that
contradict the Manifesto, or most critically have made arguments that they
feel are not sound economics.  I will try to incorporate suggestions in the
next draft.  Thanks for your reaction.

I am also sending copies of this draft to a couple of people in the media
other than the WSJ, and they are welcome to use the content but not the text
if they want a summary of my take on the crisis.

Dan McFadden
 - Energy.pdf
 - Energy.wpd


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 10/18/2000
03:52 PM ---------------------------

Anita DuPont@ENRON
10/18/2000 03:26 PM
To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject:


can you find out if the tech group has scheduled installation of a dsl line
in my apartment?


Let me know what you think.....

Thanks!

Eric


FYI - we may need to revise.  Does this ISDA have our new changes?
---------------------- Forwarded by Sara Shackleton/HOU/ECT on 02/07/2000
10:12 AM ---------------------------

Patricia Cini
02/07/2000 05:07 AM
To: Rod Nelson/HOU/ECT@ECT
cc: Sara Shackleton/HOU/ECT@ECT, Julian
Poole/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
Subject: Re: Puerto

Rod-

This is my last e-mail from Julian on the Central Puerto power swap.  He
should be back in Argentina this week from being on vacation.

You will need to follow up with him and Sara concerning the ISDA,  The main
credit issue was the BB MAC trigger that does not cover when a counterparty
is no longer rated by S&P.  As of July 1999, C. Puerto is no longer being
rated by S&P and was last rated BB-.

The ISDA does have the CSA with a 1MM threshold, but this is an older ISDA
so, you may want to review.

Regards,

Pat

---------------------- Forwarded by Patricia Cini/LON/ECT on 07/02/2000 11:03
---------------------------

Julian Poole@ENRON_DEVELOPMENT
28/01/2000 21:16
To: Patricia Cini/HOU/ECT@ECT
cc:
Subject: Re: Puerto

Somwhere around 16.50 $/MWh for energy only

To: Julian Poole/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc:
Subject: Re: Puerto

Julian-

Do you know what price we would be paying?

Pat

Julian Poole@ENRON_DEVELOPMENT
01/28/2000 09:39 AM
To: Patricia Cini/HOU/ECT@ECT
cc:
Subject: Re: Puerto

Yes we are buying

To: Julian Poole/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc:
Subject: Re: Puerto

Julian-

Will get back to you on this soon.  Just need to review the file.  Are we
buying the swap?

Regards,

Pat

Julian Poole@ENRON_DEVELOPMENT
01/28/2000 08:27 AM
To: Patricia Cini@ECT
cc: Rod Nelson@ECT
Subject: Puerto

Pat,

I am looking at a financial swap with C. Puerto for 50/70 MW for maybe 2/3
years.
Does this volume & term trigger any posting of LC from Puerto's behalf?

Thanks, Julian


lunch sometime would be great.  call my asst. jennifer at 39440 and see when
I'm free.

Jeff

Li Sun@ENRON
09/28/2000 02:16 PM
To: Jeffrey A Shankman/HOU/ECT@ECT
cc:
Subject: Welcome back!

Hi, Jeff,

How are you doing? And how is your trip? I called and knew you are coming
back today. Maybe you are still on the jet lag, I wonder whether you would go
for lunch sometime, if you are not too busy. I would like to hear your
adventure in Singapore.

Li


Start Date: 1/9/02; HourAhead hour: 24;  No ancillary schedules awarded.  No variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final Schedules\2002010924.txt


Some cute bumper stickers!

  Some people are only alive because
  it is illegal to shoot them

  I used to have a handle on life, but it broke.

  WANTED: Meaningful overnight relationship.

  You're just jealous because the voices
  only talk to ME.

  BEER: It's not just for breakfast anymore.

  So you're a feminist...Isn't that cute.

  I need someone real bad...
  Are you real bad?

  BEAUTY is in the eye of the beer holder.

  All men are idiots...
  and I married their king.

  The more you complain,
  the longer God makes you live.

  I(nternal) R(evenue) S(ervice):
  We've got what it takes
  to take what you've got.

  Hard work has a future payoff.
  Laziness pays off now.

  Reality is a crutch for people
  who can't handle drugs.

  Out of my mind...Back in five minutes.

  As long as there are tests,
  there will be prayer in public schools.

  Hang up and drive.

  I said "NO" to drugs,
  but they didn't listen.

  Your kid may be an Honor Student,
  but YOU'RE still an idiot.

  Smile, it's the second best thing you can do with your lips.

  I took an IQ test and the results were negative.

  Where there's a will...I want to be in it.

  It's lonely at the top, but you eat better.

  Don't drink and drive...
  You might hit a bump and spill your drink.

  Consciousness: That annoying time between naps.

  Ever stop to think, and forget to start again?

  Always remember you're unique...
  Just like everyone else.

  HONK
  If You Want To See My Finger

  Who lit the fuse on your tampon?

  I don't have a license to kill.
  I have a learner's permit.

  I wasn't born a bitch.
  Men like you made me this way.

  Keep honking while I reload.

  Taxation WITH representation isn't so hot, either!

  Who were the testers for
  Preparations A through G?

  Madness takes its toll.
  Please have exact change.

  5 days a week my body is a temple.
    The other two, it's an amusement park.

  EARTH FIRST!
  We'll stripmine the other planets later.

  If you drink, don't park.
  Accidents cause people.

  If you can read this
  I can hit my brakes and sue you.

  Save the whales!
  Trade them for valuable prizes.

  Whitewater is over
  when the First Lady sings.

  Jack Kevorkian for White House physician.

  My wife keeps complaining I never listen to her
  ...or something like that.

  Sure you can trust the government!
  Just ask an Indian!

  Alcohol and calculus don't mix.
  Never drink and derive.

  If we are what we eat,
  I'm cheap, fast, and easy.

  Stop repeat offenders.
  Don't re-elect them!


Start Date: 1/6/02; HourAhead hour: 2;  No ancillary schedules awarded.  Variances detected.
Variances detected in Load schedule.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final Schedules\2002010602.txt

---- Load Schedule ----
$$$ Variance found in table tblLoads.
     Details: (Hour: 2 / Preferred: 471.55 / Final: 471.52)
  TRANS_TYPE: FINAL
  LOAD_ID: SCE1
  MKT_TYPE: 2
  TRANS_DATE: 1/6/02
  SC_ID: ENRJ


See Attachment:

Rgds.

Samuel x3-9890
(GCP_ENA)


Sorry to cut the conversation short last night, but frankly I was in tears and it didn't make sense to continue the conversation.  Certainly if you feel more comfortable staying at a hotel, you should do what you think is best for you.  We will just be happy to have you with us for whatever time you feel is right for you.   My reaction last night was simply shock, because we had never discussed your staying at a hotel during this visit.  And your lead in to the conversation with "you know we are staying at a hotel...", was such a surprise.  Yes, you stayed at a hotel when you were here for Thanksgiving, but that was with Cindy, Richard, Brigeda, Chris and Cara staying in our home as well.  With just the two of you, and since you had said nothing to the contrary, I assumed that you would be in our home.

What you couldn't know, of course, is the caring time that I have taken over the last several weeks to complete a refresh of the guest room, all with the timing based on having it ready for the two you for this weekend.  But it was this special effort for your visit that made it particularly surprising and then disappointing to me that you will stay at a hotel.  I had it down to the details of new hangers for the closet, a real bed instead of just a frame, I ironed sheets on Sunday night (something that I never do for us!) and have my framer on a tight turn-around on reframing some family pictures to complete a wall in the guest room.  Certainly other guests can enjoy these things, too, but my timing on everything was to make the room even more comfortable and complete for you by the time of your visit.

I have certainly gotten comfortable today with the idea that you will stay in the hotel, and again, whatever is best for you.  Sounds as if we should make that the "norm" from this point forward, and then expectations will be set ahead of time for everyone.

I do hope that you can come in time for lunch on Friday.  I am planning to take the day off from work, and the plan was that David would join us so that the four of us could have lunch at Champions.  David has taken some office space near Champions, and we had planned to show you that as well.  Then we can rest (you can to do that at the hotel, if that is better for you), before having our nails done at 4:00.  But again, whatever works best for you.  Just let us know.  --Sally