======================================================
VENTUREWIRE --- Monday, September 25, 2000
======================================================
Private Company Business News
------ Published Daily by Technologic Partners -------
http://technologicpartners.com
======================================================

Top Stories:

o Chase Capital To Sell $2 Billion From Secondary Funds
o IP Carrier CoMindico Lands $96 Million in Funding
o Reports: Sanwa Bank and Microsoft Create Asian Fund
o Singapore and Israeli Firms Launch $150 Million Fund
o Former AOL Exec Debby Meredith Joins Mohr Davidow as Partner
o Customer Use Info Tech Firm TeaLeaf Names Sun Exec to Board

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Also in This Issue:

New Money:
o E-Commerce Firm Plmarket Gets $5.2 Million in First Round
o E-Currency Firm 2Xchange Raises $1 Million Seed Round
o Health Software Provider Exante Lands $2 Million Series A
o Software Provider Ardext Receives $1 Million in Series A
o Web-Based Auto Service Shop Texas Tea Raises $850,000 Seed
o Chelsea Paper Company, B2C Retailer, Launches With Series A
o Web Audio ASP Gets $1.5 Million, Ex-Toys 'R Us Exec on Board
o Streaming Video Firm Videoshare Raises $15 Million Round Two
o Toolwire Has $15 Million Series B, New CEO and Board Members
o $15 Million Round Three for Sharing Technologies
o Net Services Firm Digital Focus Gets $7 Million Round Two
o Clarity Visual Systems Receives $6.5 Million Third Round
o E-Mail Ad Firm TMXinteractive Raises $15 Million from Syncom
o Linux Graphic Software Firm Metro Link Secures $5.6 Million

New Products:
o University of South Florida To Start New Incubator Services
o Linux Software Firm Corridor Announces Launch and Incubation
o E-Learning Broadband Aps Firm One Touch Systems Alters Name

New Deals:
o Cognito Relinquishes 25% of Its Equity in Restructuring

M&A:
o Event Planning ASP Event411 Acquires Housing Service MeetUp
o Investment Firm Yazam Buys Business Development Firm Todo
o IT Factory Acquires Lotus Consultant Group MICA
o Aficionado Site FansRule Acquires Fan Emporium

New Directors:
o Hotel Internet Access Provider RoomLinX Adds Two to Board

New People:
o Former Critical Path Exec Becomes CEO of Storage Site Xdrive
o Eko Systems Names Former Apache Exec as President and CEO

VW Corrections:
o The Atlantis Group
o eLive

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======= Top Stories =======

o Chase Capital To Sell $2 Billion From Secondary Funds

NEW YORK -- Chase Capital Partners is selling off
up to $2 billion of its private equity in funds
managed by other firms. Chase has $5 billion invested
in 120 different fund families and more than 320
different limited partnerships managed by firms
including Bain Capital, Kohlberg Kravis Roberts,
and Hicks Muse Tate & Furst. Chase will sell a portion
of its investments in the various funds. Kohlberg
Kravis Roberts declined to comment on the development;
Bain and Hicks Muse could not be reached for comment.
The maneuver is intended to free up capital for
future investments in additional LBO funds. The
sale of the secondary investments will not affect
Chase Capital Partners' direct equity investments.
http://www.chasecapital.com/
_____________________________________________

o IP Carrier CoMindico Lands $96 Million in Funding

SYDNEY, Australia -- CoMindico, an independent wholesale
supplier of integrated data and voice telephony
services, said it secured $96 million in funding
led by J.P. Morgan, AGL, and AMP Asset Management.
Queensland Press, Kerry Packer's Consolidated Press
Holdings Group, and company founder Wayne Passlow,
chief executive officer of Open Communications,
also contributed to the financing. A spokesperson
for new investor J.P. Morgan said the firm contributed
to $22 million. CoMindico also said it received
an unspecified amount of vendor financing from Cisco
Systems. CoMindico will use Cisco's vendor financing
and the equity funds to develop its IP-based carrier
network. Open Telecommunications will help design
the network.
http://www.comindico.com.au/
_____________________________________________

o Reports: Sanwa Bank and Microsoft Create Asian Fund

TOKYO -- Sanwa Bank and Microsoft will set up a
$50 million investment fund, according to reports
from the Wall Street Journal and the Associated
Press. The fund, which was launched by the Hong
Kong unit of Sanwa Bank and Microsoft, will invest
in online commercial ventures in China, South Korea,
and other Asian countries.
http://www.sanwabank.co.jp/
http://www.microsoft.com/
_____________________________________________

o Singapore and Israeli Firms Launch $150 Million Fund

SINGAPORE -- Keppel Telecommunications & Transportation,
a Singapore-based Internet holding company, and
Shrem Fudim Kelner Technologies, an Israeli investment
group, said they launched a new fund to invest in
early stage information technology companies. The
companies intend to raise up to $150 million for
the new Israeli High Tech Fund. Keppel and Shrem
Fudim Kelner will both invest $20 million to launch
the fund. The companies said the fund would concentrate
its investment activities on early and mid-growth
companies in the telecommunications, media, and
technology marketplaces. According to the investors,
the fund will deal exclusively with Israeli firms
although operations may have headquarters in the
U.S. or Europe. The fund will be managed by Shuki
Gleitman, former chief scientist and director general
of Israel's Ministry of Industry and Trade; Anya
Eldan, former president of AST Computers Israel;
and Henry Chia, director of corporate finance at
Keppel Telecommunications & Transportation.
http://www.keppelcorporation.com/
http://www.sfk.co.il/
_____________________________________________

o Former AOL Exec Debby Meredith Joins Mohr Davidow as Partner

MENLO PARK, Calif. -- Early-stage investment firm
Mohr Davidow Ventures said it named Debby Meredith
as a new partner. Ms. Meredith served most recently
as a senior vice president and chief quality officer
with the iPlanet group of America Online. She also
served as a senior vice president with Netscape
and as vice president of research and development
with Collabra Software. In addition, Ms. Meredith
has worked as vice president of business development
at Slate and served with Bell Laboratories, Logitech,
and Metaphor Computer Systems.
http://www.mdv.com/
_____________________________________________

o Customer Use Info Tech Firm TeaLeaf Names Sun Exec to Board

SAN FRANCISCO -- TeaLeaf Technology, which provides
companies with a technology that enables them to
collect information about customers' use of their
Web sites, said it has appointed Janpieter Scheeder,
president of network storage for Sun Microsystems,
to its board of directors. Mr. Scheeder has also
served as president of the Sun software business.
Before joining Sun Microsystem, he held a number
of positions at Data General, his most recent as
vice president of Aviion System Engineering. Tealeaf,
which also said it launched its first product, Tealeaf
TeaCommerce Suite, is backed by J.P. Morgan & Co.,
SAP AG, Matrix Partners, and Foundation Capital.
The company's products helps Web site operators
understand how customers interact with their sites.
http://www.tealeaf.com/

======= New Money =======

o E-Commerce Firm Plmarket Gets $5.2 Million in First Round

SHELTON, Conn. -- Plmarket, an electronic commerce
infrastructure and services company, announced it
has secured $5.2 million in its first round of funding
from Highland Capital Partners, General Catalyst,
InterActive Capital Partners, Audax Ventures, and
Grove Street Advisors. The company said it would
use the new funds to develop its technology platform
and continue its worldwide services.
http://www.plmarket.com/
_____________________________________________

o E-Currency Firm 2Xchange Raises $1 Million Seed Round

CHICAGO -- 2Xchange, developer of a technology platform
exchange that enables companies to trade goods and
services online using an electronic currency called
Global Business Usage Currency (GBUC), said closed
its seed round of financing with $1 million. The
round was financed by individual investors including
Mark Tebbe, chairman of Lante; Daniel Stern of Morgan
Stanley Dean Witter; and Chicago neurosurgeon Dr.
Ron Michaels.
http://www.2Xchange.com/
_____________________________________________

o Health Software Provider Exante Lands $2 Million Series A

DENVER -- Exante Health, a provider of Web-based
customer healthcare service and e-commerce software,
said it has received $2 million in its Series A
round of funding from RockMountain Ventures and
individual investors. The funds will be used for
product development and sales and marketing. Exante
also provides ASP and consulting services to small
and mid-size healthcare payer organizations.
http://www.exantehealth.com/
_____________________________________________

o Software Provider Ardext Receives $1 Million in Series A

ATLANTA -- Ardext Technologies, a software provider
for testing mixed-signal electronics, said it received
Series A funding in the form of $250,000 from Yamacraw
Seed Capital Fund, a $5 million fund that is part
of a larger, $100 million state-led initiative aimed
at developing broadband companies in Georgia. Ardext
also received $750,000 from individual investors.
The company said it will use the funds for product
development. To date, Yamacraw Seed Capital has
also invested in RF Solutions, a chip design company.
http://www.ardext.com/
http://www.yamacraw.org/
_____________________________________________

o Web-Based Auto Service Shop Texas Tea Raises $850,000 Seed

SAN JOSE, Calif. -- Texas Tea, which provides online
and onsite automotive service as an employee benefit
option for corporations, said it raised $850,000
in its seed round of funding from Sierra Angels,
BH Equity and Springboard Angels. The company plans
to use the funds for marketing and to buy more equipment.
http://www.texastea.com/
_____________________________________________

o Chelsea Paper Company, B2C Retailer, Launches With Series A

NEW YORK -- ChelseaPaper.com, a business-to-consumer
retailer of customized stationary, announced its
launch. The company recently raised over $1 million
in its Series A funding. The round included investments
from two undisclosed venture capital funds as well
as individual investors. The company said it will
use the fund for its operational and marketing.
The Chelsea Paper Company said there were no board
seats taken as a result of the investment. The company
is now rolling out its service online, but has arranged
to set up service stations in traditional retailing
venues to drive more business to the site.
http://www.chelseapaper.com/
_____________________________________________

o Web Audio ASP Gets $1.5 Million, Ex-Toys 'R Us Exec on Board

WOBURN, Mass. -- BYOBroadcast, an Internet audio
broadcasting application service provider, said
it received $1.5 million in seed funding from individual
investors Robert Lewis, co-founder of Cogentrix
Energy; Bruce Krysiak, former president and COO
of Toys 'R Us and Dollar General; Thomas Armstrong,
founding partner of Traverse Partners; Richard Kosowsky,
COO and CFO of Access Media; and other undisclosed
individuals. Mr. Lewis, Mr. Armstrong and Mr. Kosowsky
were named to the board of directors. The company
said it will use the funds to increase product deployment
and development. The company is planning to raise
a round of institutional funding.
http://www.byobroadcast.com/
_____________________________________________

o Streaming Video Firm Videoshare Raises $15 Million Round Two

WATERTOWN, Mass. -- Videoshare, a developer of streaming
video technology for developing, editing, and transmitting
video over the Web, said it has raised $15 million
in its second round of funding led by Chase Capital
Partners and TechFarm/Techfund Capital. Other investors
included EMC, Five Paces Ventures, Brand Equity
Ventures, Fleet Banking, Latona Associates, and
Scripps Ventures. The company said it would use
the funds to build its infrastructure and increase
its staffing.
http://www.videoshare.com/
_____________________________________________

o Toolwire Has $15 Million Series B, New CEO and Board Members

SANTA CLARA, Calif. -- Toolwire, which provides
online design infrastructure for the electronics
industry, said it raised $15 million in its Series
B round of funding. New investor 3i led the round,
which included new investor Horizon Ventures and
previous investors Angel Investors, Artemis Ventures,
and Barrington Partners. Horizon Ventures managing
director Jack Carsten and 3i's Paul Rivers-Latham
will sit on the company's board of directors. The
company will use the funding for further designs
of its wireless communications, networked systems,
and electronics. The company also said it named
former vice president of business development Mark
Gilbreath as its new president and CEO. Mr. Gilbreath
succeeds former president and CEO Daniel Hodges,
who remains with the company as chief strategist.
http://www.toolwire.com/
_____________________________________________

o $15 Million Round Three for Sharing Technologies

PARIS -- Sharing Technologies, the developer of
knowledge management  applications, said it has
secured $15 million led by Siparex Ventures. NIF
Ventures of Tokyo's Daiwa Securities Group, Montreal's
Investissement Desjardins, SG Asset Management,
Woodside Fund, Sofinnova, Innovacom, CIC, and Trinova
all participated in the round. Sharing said it will
use the funds to expand its worldwide sales, marketing
and professional services organizations, as well
as to support product development. The company said
it also received $6 million in financing from IBM
Global Financing.
http://www.sharing.com/
_____________________________________________

o Net Services Firm Digital Focus Gets $7 Million Round Two

HERNDON, Va. -- Digital Focus, an Internet business
integrator specializing in strategy development,
Web site design and construction, and interactive
system deployment, said it received $7 million in
its second round, led by the Winston/Thayer Partners
Fund. Previous investor Blue Water Capital Partners
also participated. Scott Andrews, managing partner
of Winston Partners, joined the company's board
of directors. The company will use the funds for
expansion into other cities and for product development.
http://www.digitalfocus.com/
_____________________________________________

o Clarity Visual Systems Receives $6.5 Million Third Round

WILSONVILLE, Ore. -- Clarity Visual Systems, a provider
of visual messaging software, said it completed
its third round of financing with over $6.5 million.
The round was led by Needham Capital Partners, with
participation from other undisclosed investors.
The funds will be used for operational purposes
and to support the company's marketing initiatives.
http://www.clarityvisual.com/
_____________________________________________

o E-Mail Ad Firm TMXinteractive Raises $15 Million from Syncom

CONSHOHOCKEN, Pa. -- TMXinteractive, a provider
of multimedia e-mail advertising and related technologies,
said it received $15 million in financing from Syncom,
a Silver Spring, Md.-based venture capital fund.
The company plans to use the funds to expand its
operations, which includes staffing new offices
and technology development.
http://www.tmxinteractive.com/
_____________________________________________

o Linux Graphic Software Firm Metro Link Secures $5.6 Million

FORT LAUDERDALE, Fla. -- Metro Link, a software
development company founded in 1989 that specializes
in graphics display technology for Linux, UNIX and
embedded operating systems, said it received a private
placement from Linux Global Partners, a New York-based
venture fund, for a total of $5.6 million in cash
and stock. The funds will be used for research and
development, sales and marketing, and working capital.
http://www.metrolink.com/

======= New Products =======

o University of South Florida To Start New Incubator Services

TAMPA, Fla. -- The University of South Florida is
launching the Center For Entrepreneurship and Global
Management, a high-tech incubator. Mike Kovac, USF's
high-technology programs director, said the Center
has secured $1 million from Dan Doyle, BrainBuzz.com's
co-founder and CEO, and will use the funds to nurture
up to 10 local hi-tech startups. The funds will
also go to fuel the commercialization of university
research projects, Mr. Kovac said. The Center said
it would announce its first series of investments
within six months. Telephone 813-974-3780.
_____________________________________________

o Linux Software Firm Corridor Announces Launch and Incubation

GREENBELT, Md. -- Corridor Software, which is developing
a suite of Linux server components for small businesses,
announced the formation of the company. Corridor
Software is being incubated by Greenbelt, Md.-based
OAO, which is providing the company with office
space and materials, computer equipment, engineering,
business assistance, and unspecified funding.
http://www.corridorsoftware.com/
_____________________________________________

o E-Learning Broadband Aps Firm One Touch Systems Alters Name

SAN JOSE, Calif. -- One Touch Systems, a provider
of advanced interactive broadband applications for
electronic learning sites, said it has changed its
name to One Touch Knowledge Systems. The company
said the change reflects its expanded business direction
and commitment. One Touch Knowledge Systems is backed
by the Hughes Network Systems, Apollo Group and
the Hermes Fund.
http://www.onetouch.com/

======= New Deals =======

o Cognito Relinquishes 25% of Its Equity in Restructuring

LONDON -- Cognito, which provides wireless technology
services, said it relinquished 25% of its equity
in a corporate restructuring. The stake was assumed
by F&C Ventures. The company said that the equity
exchange was strategic in nature, enabling the company
to expand its operations by aligning with a major
financial institution. Cognito said that F&C Ventures
would take one seat on its board of directors as
a result of the equity exchange.
http://www.cognito.co.uk/

======= M&A =======

o Event Planning ASP Event411 Acquires Housing Service MeetUp

MARINA DEL REY, Calif. -- Event411.com, an application
service provider of tools for online meeting planning,
said it has acquired MeetUp.com, an Internet-based
event housing reservation and hotel block management
firm. Financial terms were not disclosed. MeetUp's
chief executive officer Edward Pereira will move
from the firm's Vancouver offices to Event411 offices
in Los Angeles and work on product development.
Event411 is backed by CB Capital, Gannett, WI Harper
Group, Van Wagoner Funds, Sandler Capital Management
and Camelot Capital.
http://www.meetup.com/
http://www.event411.com/
_____________________________________________

o Investment Firm Yazam Buys Business Development Firm Todo

NEW YORK -- Yazam, an investment firm specializing
in seed-stage and business development, said it
has acquired Tokyo-based Todo Technologies, which
specializes in business development for communications,
software and information technology firms. Todo
president Todd Walzer will be president and representative
director of the renamed subsidiary, Yazam K.K. Yazam
is backed by Texas Pacific Group, J.P. Morgan, Merrill
Lynch, Apax Partners, China Development Industrial
Bank, Itochu International, Microdent, Bank Hapoalim,
Carlyle Internet Partners and individual investor
Charles Schwab.
http://www.yazam.com/
_____________________________________________

o IT Factory Acquires Lotus Consultant Group MICA

CAMBRIDGE, Mass. -- IT Factory, an international
supplier of collaborative Internet business solutions,
announced the acquisition of MICA Computing Services.
Terms of the deal were undisclosed. MICA specializes
in the design and implementation of Lotus Domino
infrastructures as well as intranet and extranet
solutions. This is the fourth in a series of planned
acquisitions, which include Corporate Image Software
in January, Solutions By Design in April, and Documental
in June. IT Factory is backed by 2M Invest, Gilde,
and Den Danske Bank.
http://www.mica.com/
http://www.itfactory.com/
_____________________________________________

o Aficionado Site FansRule Acquires Fan Emporium

CARLSBAD, Calif. -- FansRule.com, an online site
that provides fans of sports and entertainment personalities
with news, celebrity participation, fan interaction,
and merchandise opportunities, has acquired Fan
Emporium, which operates a Web site that hosts official
fan clubs for celebrities such as Mariah Carey,
John Mellencamp, Michael Bolton, and Cyndi Lauper.
Financial terms of the acquisition were not disclosed.
FansRule.com is backed by Marblehead Capital Group.
http://www.fanemporium.com/
http://www.fansrule.com/

======= New Directors =======

o Hotel Internet Access Provider RoomLinX Adds Two to Board

FREMONT, Calif. -- RoomLinX, a provider of wireless
Internet access to hotels, convention centers, and
extended-stay facilities, has added Mario M. Rosati
and Herbert I. Hunt III to the company's board of
directors. Mr. Rosati is a member of Silicon Valley
law firm, Wilson Sonsini Goodrich & Rosati in Palo
Alto, Calif. Mr. Hunt founded international executive
recruitment firm, H.I. Hunt & Co. Mr. Rosati and
Mr. Hunt join Allan B. Shapiro, Dennis M. Fitzpatrick,
and Robert A. Crist on the RoomLinX Board. RoomLinx
is backed by individual investors and is in the
process of raising its first round of funds.
http://www.roomlinx.com/

======= New People =======

o Former Critical Path Exec Becomes CEO of Storage Site Xdrive

SANTA MONICA, Calif. -- Xdrive, an Internet storage
and universal file access company, named Paul Gigg
as president and chief executive officer replacing
founder Brett O'Brien, who will remain as chairman.
Mr. Gigg was formerly the chief operating officer
of Critical Path, a provider of Internet messaging
infrastructure. Xdrive is backed by Wit SoundView
Ventures, America Online, David Bohnett of Baroda
Ventures, Deutsche Banc Alex Brown, EMC, J. & W.
Seligman & Co., Jump Investors, Pacific Capital
Group, PCG Ventures, Veritas Software,  eCompanies
Venture Group, and the Goldman Sachs Group.
http://www.xdrive.com/
_____________________________________________

o Eko Systems Names Former Apache Exec as President and CEO

FARIFAX, VA. -- Eko Systems, a provider of medical
record keeping technology, said it named Dr. Scott
Mason as its first president and CEO. Dr. Mason
will join the company in the next few weeks upon
completing a number of client assignments for his
current employer Apache Medical Systems, where he
has served as executive vice president. Eko Systems
is backed by Beacon Global Advisors and is raising
its first round of funding.
http://www.ekosystems.com/

======= VW Corrections =======

o The Atlantis Group

NEW YORK -- Due to inaccurate information provided
by the company, a story in VentureWire on Sept.
18 announcing a new $6 million fund raised by The
Atlantis Group, contained an incorrect Web address.
The correct URL is http://www.theatlantisgroup.net,
not http://www.theatlantisgroup.com.
_____________________________________________

o eLive

NEW YORK -- A story in Friday's VentureWire announcing
eLive's $3 million funding, contained an incorrect
Web address. The correct URL is http://www.goelive.com.

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Find out at Healthcare Outlook.

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=====================================


Where do you stand on this stuff now?

For everyone, if we are going to get this done, we need things taken care of.    If there is a problem you need to let us know ASAP!

-----Original Message-----
From: Saunders, James
Sent: Thursday, November 08, 2001 10:25 AM
To: Howard, Kevin A.
Cc: Walden, Clint; Rogers, Rex; Butts, Bob; Fossum, Drew; Chandler, Bob;
'heather.l.mueck@us.arthurandersen.com'; Hayslett, Rod
Subject: RE: ETSC financial statements
Importance: High

we need to provide Andersen:
signed legal letters from V&E and the Special Committee (Rogers and Butts)
a legal perspective on backdrafts (Fossum)
a copy of the bank letter regarding material adverse changes (Howard)
signed management re letter (signees to be determined)
footnote cleanup (Saunders, et al)

-----Original Message-----
From: Howard, Kevin A.
Sent: Thursday, November 08, 2001 9:58 AM
To: Saunders, James
Cc: Walden, Clint
Subject: RE: ETSC financial statements

we are scheduled to close on Friday but more likely over weekend and fund Tuesday of next week.  Any help I can give you with AA, just let me know.  What are we still waiting on from them?

Kevin

-----Original Message-----
From: Saunders, James
Sent: Thursday, November 08, 2001 9:56 AM
To: Howard, Kevin A.
Subject: RE: ETSC financial statements

side question...when is the formal NNG and TW debt financing going to close.
we still have yet to finish Andersen review activities


All -

Thank you for your participation in the phone screen process.

As all the screens should be completed by tomorrow evening, please let me know if you are having any difficulties I might assist you with.

Please e-mail Karen or me with feedback as to whether or not you think the candidates you screened should be brought in for an interview.

Thanks,

Adrianne
x57302
 -----Original Message-----
From: 	Buckley, Karen
Sent:	Wednesday, October 10, 2001 2:53 PM
To:	Neal, Scott; Presto, Kevin M.; Ermis, Frank; Forney, John M.; Shively, Hunter S.; Sturm, Fletcher J.; Gilbert-smith, Doug; Allen, Phillip K.; Arora, Harry; Arnold, John; Lewis, Andrew H.; Davis, Mark Dana
Cc:	Lavorato, John; Engler, Adrianne
Subject:	Telephone Interviews: Trading Track

Guys,

You have been selected to complete the telephone screening of external candidates for second and final round.  Each  candidate will be screened by two traders to ensure agreement on quality of candidates.   (these resumes have already been selected from c. 200 resumes by some of the ENA Traders).

As in the previous Trading Track recruiting event, you will be given a few days to complete this.  The candidates will be expecting your call, there is no set interview time therefore allowing you flexibility to call in the evening from home if necessary.   Resumes, telephone numbers etc will reach your desk tomorrow morning.   All phone screens to be completed by Tuesday pm: 16th October.

Any questions please call myself or Adrianne Engler.

Thanks,

 Karen.
x54667


this is the move i was talking about.   v/x implicitly trading 5.5 right now
because cal 2 is weak.  some sell side deal got done there but jv is strong


Mark:

Credit has asked us to pursue trading arrangements on behalf of Enovate.

At least for the short term, Mark Haedicke told Kay Mann that ENA legal
should handle Enovate legal work.  That work currently consists of
establishing documentation for financial trading with third parties.  It is
not clear what lawyers (ENA or Peoples) will draft/negotiate ISDA masters nor
have any forms been agreed (but Peoples' lawyers have seen our forms and I
have seen their forms which are poorly drafted).  Bill Bradford will have the
final word on Enovate credit.

Credit has asked us to track Enovate masters on our Lotus Notes database.

Do you need to follow up with Mark about us negotiating Enovate's master
agreements?  Or should we just handle as any other project?

Sara


you lost to stanford and haven't beat any good teams.  texas has no running
game.  they are too easy to defend.


Let me know what you think...I may go do my "long" run on Sunday, if you're
doing one too, maybe we can meet for breakfast...


Here is new indices as of 10/29/00. These indices reflect changes/additions
made between 10/27/00 and 10/29/00.


Ehud,

We can meet for dinner on the 21st. Then you can visit with us on the 22nd
in the morning and have individual meetings. At 11:30 you can meet the entire
Research Group at our weekly lunch meeting. We can continue
individual meetings in the afternoon.

Please, make a reservation at Hyatt Regency Downtown or Double Tree
Downtown (there are several hotels with the same names).

Vince

"Ehud I. Ronn" <eronn@mail.utexas.edu> on 06/09/2000 02:01:09 PM
To: Vince.J.Kaminski@enron.com
cc:
Subject: Re: Prospective 6/22 Houston Visit

Vince,

>June 22 works for me. Do you want to firm it up?
If it's not too late, I do.

I believe the "game plan" was for me to come in the previous evening.  If
you confirm the date, please advise at your convenience how you see the
6/21 - 6/22 schedule.

Best,
Ehud

==============================================
     Ehud I. Ronn
     Department of Finance
     McCombs School of Business
     University of Texas at Austin
     Austin, TX. 78712-1179
     Voice:  (512) 471-5853
      FAX:   (512) 471-5073
      Internet:  eronn@mail.utexas.edu
=================================================


Rick, I attach drafts of letters to Harris and Wilson.  The revised letter to Harris refers to the letter that Lavorato may send re the hedge proposal.  That added language will obviously have to come out if Lavo decides not to send his letter or if, by the time Lay's letter is to go, it is still uncertain whther Lavo will make his proposal.   Address for copy  of Wilson's letter to Purchase is  Bryne Purchase, Deputy Minister, Ministry of Energy Science &Technology, Hearst Block, 4th Floor, 900 Bay Street, Toronto, Ontario, M7A 2E1; Address for copy of Wilson's letter  to Judy Hubert is Judy Hubert, Assistant Deputy Minister, Energy Policy, Ministry of Energy Science &Technology, 3rd Floor, 880 Bay Street, Toronto, Ontario M7A 2C1.


I had to put the cougar to sleep. Too annoying for words. What happened to the hot from the picture?

 -----Original Message-----
From: 	"George, Mike (CA - Calgary)" <migeorge@deloitte.ca>@ENRON [mailto:IMCEANOTES-+22George+2C+20Mike+20+28CA+20-+20Calgary+29+22+20+3Cmigeorge+40deloitte+2Eca+3E+40ENRON@ENRON.com]
Sent:	Tuesday, June 12, 2001 9:49 AM
To:	Dorland, Chris
Subject:	RE: flooded?

not a whole lot new - except I went back to banging that broad from the office....I know, I'm weak.  I hadn't seen her for about a month, then I saw her in the office - she got tanned!  I buckled.  Still playing with Cougar?
-----Original Message-----
From: Chris.Dorland@enron.com [mailto:Chris.Dorland@enron.com << File: mailto:Chris.Dorland@enron.com >> ]
Sent: Tuesday, June 12, 2001 8:46 AM
To: migeorge@deloitte.ca
Subject: RE: flooded?
I slept (was passed out) through the whole thing. My car is on the 4th
floor of the parkade so luckily it was fine. I love the MTV movie awards.
Shannon Elizabeth rules. Halle Berry naked in Swordfish. Can't wait. What's
new with you?
    -----Original Message-----
   From:   "George, Mike (CA - Calgary)" <migeorge@deloitte.ca>@ENRON
             [mailto:IMCEANOTES-+22George+2C+20Mike+20+28CA+20-+20Calgary+29+22+20+3Cmigeorge+40deloitte+2Eca+3E+40ENRON@ENRON.com << File: mailto:IMCEANOTES-+22George+2C+20Mike+20+28CA+20-+20Calgary+29+22+20+3Cmigeorge+40deloitte+2Eca+3E+40ENRON@ENRON.com >> ]
   Sent:   Tuesday, June 12, 2001 9:08 AM
   To:     Dorland, Chris
   Subject:  flooded?
   Holy shite!
   A little wet down there apparently...Did your car get flooded out in the
   parkade?
   Mike.
   PS.
   Did you see Nadia from American Pie on the MTV Video awards?  Wow.


Dear Colleague:

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Connecting Teachers and Learners Worldwide


You have received this message because someone has attempted to send you an e-mail from outside of Enron with an attachment type that Enron does not allow into our messaging environment. Your e-mail has been quarantined and is being held at the MailSweeper server.

Sender:  lwlanfear@wcnet.net
Date:  Wed, 28 Nov 2001 06:18:46 -0600
Subject:  Re: Hi
Attachment Type: Scenarios/Incoming/Inbound SCR Catcher: A filename matching the file mask was detected: 'humor.mp3.scr'.

If the intended email is of valid business-related content and you believe it requires Enron resources to retrieve it, you may call your Help Desk and ask to have it released from quarantine and delivered to your e-mail Inbox. Your message will be scanned and checked for viruses prior to requested release.  If it contains a virus or there is reason to suspect it is malicious code, it will not be delivered.

North American Resolution Center: 713 853 1411
European Resolution Center: 0044 207 78 36777
EES Help Desk: 888 853 9797
ETS Solution Center: 713 345 4745 (Houston) or 402 398 7454 (Omaha)

Please DO NOT reply to this address as it is not a monitored system mailbox.


Thanks!


Mike:

Hey, got your voicemail.  Sorry I didn't email you sooner.  Funny what you said in the voicemail, cause tomorrow is actually my last day at Enron.  I just gave my notice last Monday.  I'm going to be doing some accounting and tax work (reporting, not compliance) for a Fortune 100 energy company (can't tell you from this email address) in downtown Houston.  In the Fall, I'll probably go at night and work on an MBA, since I got the CPA out of the way.  My thinking is that I can eventually move out of accounting and do some financial stuff.  If it don't work out, I can always call Henry and Aziz back.

If I don't see you before I leave, let's definitely keep in touch.  My personal email address is huxen@huxen.com <mailto:huxen@huxen.com> (yep, that's real... coming up with a website too as soon as I think of an idea).

Let me give you my phone info as well.  What part of town you staying at?

Home 713-622-5782
Cell 832-549-4877

Take it easy,

Ben


Could you print these out for me.  Thanks.
---------------------- Forwarded by Gerald Nemec/HOU/ECT on 10/07/99 04:26 PM
---------------------------

	Enron North America Corp.

	From:  Steve Morse                           10/07/99 10:23 AM

To: Gerald Nemec/HOU/ECT@ECT
cc: David L Fairley/HOU/ECT@ECT, Evan Betzer/HOU/ECT@ECT
Subject: Phase V Agreements

Gerald,

Pls take one last look at these agreements just to make sure they are ready
to go.

Thanks again for all your help.

Steve
---------------------- Forwarded by Steve Morse/HOU/ECT on 10/07/99 10:21 AM
---------------------------
From: Jack Boatman@ENRON on 10/07/99 09:36 AM
To: Steve Morse/HOU/ECT@ECT
cc:
Subject: Phase V Agreements


YOU ROCK!!!!!!!!!!
 -----Original Message-----
From: 	Carson, Mike
Sent:	Friday, January 25, 2002 7:45 AM
To:	Sewell, Doug; Bentley, Corry; Aucoin, Evelyn; Choate, Jason; Schneider, Chip; Hanse, Patrick; Miller, Don (Asset Mktg); Suarez, John; Williams, Gwendolyn; Lew, Elsie; Confer, Mark; Tricoli, Carl; Racicot, Paul
Subject:	Lets get this ball rolling....

 << File: KOCH01252002.xls >>


Start Date: 1/6/02; HourAhead hour: 20;  No ancillary schedules awarded.  No variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final Schedules\2002010620.txt


---------------------- Forwarded by David Forster/Corp/Enron on 10/18/2000
02:50 PM ---------------------------

Leonardo Pacheco
10/18/2000 12:36 PM
To: Stephanie Miller/Corp/Enron@ENRON
cc: David Forster/Corp/Enron@Enron

Subject: Capacity Trading Specs (Draft VI)

Stephanie,

Attached please find the latest version of the Capacity Specs. Please note
that we have added a new application (see number 7).

Let me know if you have any questions.

Thanks!

Leonardo Pacheco
ext. 39938


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Reply-To: ronk@pennenergy.com
Date: Tue, 15 Jan 2002 12:40:50 EST
From: "PennEnergy"<ronk@pennenergy.com>
Subject: Power & Gas Weekly
To: vkaminski@aol.com
Content-Type: text/plain; charset="iso-8859-1"

=================================================
               POWER & GAS WEEKLY
                January 15, 2002
=================================================
Every Tuesday, Power & Gas Weekly delivers a summary
of the latest worldwide news from OGJ Online on
the converging natural gas and power industries.
Please visit http://www.ogjonline.com for more
information on each news story.

=================================================

-----------------\Advertisement/-----------------
Attend DistribuTECH 2002, Feb. 27 - March 1st in Miami
Beach, Florida! DistribuTECH is the leading information
technology and utility automation conference and
exhibition. For details, visit http://www.distributech.com
-------------------------------------------------

FERC'S BROWNELL CALLS FOR STRENGTHENED
MARKET MONITORING ROLE
Jan-14-2002
~~~~~~~~~~~~~~~~~~
Federal Energy Regulatory Commissioner
Nora Mead Brownell urged the agency
to strengthen its oversight
of potential market power abuse. But
she also said there was no point
to dragging out cases unnecessarily.
Brownell made the recommendations
in a case involving El Paso Natural
Gas.
http://ogj.pennnet.com/articles/web_article_display.cfm?ARTICLE_ID=132230

CONDITION RIPE FOR NEW EL NINO
WEATHER PATTERN, NWS SAYS
Jan-14-2002
~~~~~~~~~~~~~~~~~~
The National Weather Service said a
new El Nino phenomenon could
be in place by spring with the
effects being felt by fall in the
US. The most recent El Nino
took place in 1997-1998 and was extremely
severe, including its effect
on energy markets.
http://ogj.pennnet.com/articles/web_article_display.cfm?ARTICLE_ID=132212

ENERGY DEFAULTS CONTRIBUTED TO RECORD
2001, AGENCIES SAY
Jan-14-2002
~~~~~~~~~~~~~~~~~~
Huge defaults by investment grade energy-related
companies helped drive
up unpaid debt to record levels
in 2001, two credit ratings agencies
said. The year began with defaults
by California's Southern California
Edison Co. and Pacific Gas
& Electric Co. and ended with the
default by Enron Corp., Houston.
http://ogj.pennnet.com/articles/web_article_display.cfm?ARTICLE_ID=132190

S&P'S 2002 ELECTRICITY OUTLOOK WEAK;
STRONGER FOR OIL AND GAS PRODUCERS
Jan-14-2002
~~~~~~~~~~~~~~~~~~
Standard & Poor's Monday reported a
negative near-term outlook for electric
companies and the natural gas
industry, even though the ratings
agency expects earnings to increase
modestly in 2002. S&P suggested
investors will switch from the
utility sector in the search for better
returns. But the energy sector
may offer investors 'some upward
surprises,' S&P said.
http://ogj.pennnet.com/articles/web_article_display.cfm?ARTICLE_ID=132176

FORMER ENRON ENERGY SERVICES EXECS
FORM NEW COMPANY
Jan-14-2002
~~~~~~~~~~~~~~~~~~
Former Enron Energy Services executives
formed a new company to manage
energy risk for small to mid-sized
businesses. Celeren Corp., Philadelphia,
will sell risk management
energy services and independent
power generation services.
http://ogj.pennnet.com/articles/web_article_display.cfm?ARTICLE_ID=132151

-----------------\Advertisement/-----------------
CLIENTS: Find a Consultant!  ProSavvy's Consulting
Procurement Service gives you FREE access to over
17,000 prequalified consultants.  Visit
http://pe-pennnet.prosavvy.com
-------------------------------------------------

US HOUSE PANELS ASK ANDERSEN TO PRODUCE
ENRON AUDITORS' NAMES
Jan-11-2002
~~~~~~~~~~~~~~~~~~
The chairmen of a US House committee
and subcommittee investigating the
Enron debacle Friday demanded the
names of Arthur Andersen LLP auditors
and consultants who worked
on the account prior to the company's
December collapse. The panels
renewed their call for documents after
Andersen's Thursday disclosure
that a "significant" but undetermined
number of Enron files had been
destroyed.
http://ogj.pennnet.com/articles/web_article_display.cfm?ARTICLE_ID=132099

ERCOT PROPOSED BUDGET FOR 2002 INCREASES
DEBT
Jan-11-2002
~~~~~~~~~~~~~~~~~~
The Electric Reliability Council of
Texas won't raise the fee it assesses
electricity consumers this year
but plans a 9% increase to 24%/Mw-hr
in 2003 and another 4%
increase to 25%/Mw-hr in 2004.
Debt is also rising driven by the
need to finance improvements in
computer systems and software.
http://ogj.pennnet.com/articles/web_article_display.cfm?ARTICLE_ID=132094

UBS WARBURG TOP BIDDER FOR ENRON TRADING
OPERATION
Jan-11-2002
~~~~~~~~~~~~~~~~~~
Enron Corp. Friday selected investment
bank UBS Warburg AG as the successful
bidder for its North American
wholesale electricity and natural
gas trading business, after a
private auction overseen by a US bankruptcy
judge.
http://ogj.pennnet.com/articles/web_article_display.cfm?ARTICLE_ID=132078

CALIFORNIA ELECTRICITY AIR POLLUTION
FELL, DESPITE FEAR OF SUMMER RISE
Jan-11-2002
~~~~~~~~~~~~~~~~~~
Fears that air pollution from oil and
gas-fired electric generation would
surge in California this past
summer never materialized, state
officials said. Nitrogen oxide emissions
actually declined 24% between
June and August 2001, compared
to the same period in 2000, according
to findings of the California
Air Resources Board.
http://ogj.pennnet.com/articles/web_article_display.cfm?ARTICLE_ID=132027

ENERGY COMPONENT OF THE PRODUCER PRICE
INDEX DECLINED 53% IN 2001
Jan-11-2002
~~~~~~~~~~~~~~~~~~
The raw energy products price index
plummeted 53% during 2001 following
a 85.6% increase in 2000, the Bureau
of Labor Statistics reported
Friday, demonstrating the continued
volatility of energy prices. On
a month-to-month basis, the index,
including petroleum, natural gas,
and coal, fell 20.5% in December,
nearly offsetting a 28.3% gain in
November.
http://ogj.pennnet.com/articles/web_article_display.cfm?ARTICLE_ID=132002

ELECTRIC CO-OPS ENDORSE FERC REFUND
PROPOSAL
Jan-11-2002
~~~~~~~~~~~~~~~~~~
Federal regulators monitoring the electricity
markets should take "all
steps necessary," including refunds,
to protect consumers from market
power abuse, the National Rural
Electric Cooperative Association
said. In a FERC filing, NRECA also
said the commission should assure
the market the refund proposal will
be applied "solely" to protect
customers from such abuse.
http://ogj.pennnet.com/articles/web_article_display.cfm?ARTICLE_ID=131954

BC HYDRO SOLICITS GREENHOUSE GAS OFFSET
PROPOSALS
Jan-10-2002
~~~~~~~~~~~~~~~~~~
BC Hydro, Vancouver, BC, has begun
soliciting proposals to offset 5.5
million tonnes of greenhouse gas
emissions from two proposed gas-fired
electric generating plants on
Vancouver Island. The company is looking
to acquire offsets occurring
between 2002 and 2020.
http://ogj.pennnet.com/articles/web_article_display.cfm?ARTICLE_ID=131919

ARTHUR ANDERSEN CLAIMS EMPLOYEES DISPOSED
OF ENRON RECORDS
Jan-10-2002
~~~~~~~~~~~~~~~~~~
Arthur Andersen LLP Thursday reported
employees "disposed" of a "significant"
number of documents relating
to audits of Enron Corp., the
Houston energy trading giant which
unexpectedly filed for bankruptcy
protection in December. The accounting
firm, Enron's auditor during
the years leading up to the collapse,
was already under fire for certifying
earnings statements that
were later recanted by Enron.
http://ogj.pennnet.com/articles/web_article_display.cfm?ARTICLE_ID=131893

CALIFORNIA AG FILES BILLION-DOLLAR
SUIT AGAINST PG&E CORP.
Jan-10-2002
~~~~~~~~~~~~~~~~~~
California's attorney general filed
suit Thursday against PG&E Corp.
for allegedly funneling huge sums
of money from its regulated utility
to unregulated affiliates, violating
agreements with the California
Public Utilities Commission. The
suit filed in San Francisco Superior
Court seeks $600 million to $4
billion, plus penalties for the alleged
violations.
http://ogj.pennnet.com/articles/web_article_display.cfm?ARTICLE_ID=131882

CALIFORNIA PUC TO INVESTIGATE UTILITY
HOLDING COMPANIES
Jan-10-2002
~~~~~~~~~~~~~~~~~~
Taking aim at the financial dealings
between the state's three investor-owned
utilities and their parent
companies, the California Public
Utilities Commission Wednesday opened
an investigation into whether
the holding companies violated regulations.
http://ogj.pennnet.com/articles/web_article_display.cfm?ARTICLE_ID=131861

JUSTICE DEPARTMENT CONSIDERS CRIMINAL
CASE AGAINST ENRON CORP.
Jan-10-2002
~~~~~~~~~~~~~~~~~~
The Justice Department Wednesday said
it has started a criminal investigation
into whether Enron Corp.,
knowingly sought to defraud investors
by hiding important financial
information it knew would hurt the
company's stock price.
http://ogj.pennnet.com/articles/web_article_display.cfm?ARTICLE_ID=131807

NEW ARIZONA PIPELINE AND 10 BCF GAS
STORAGE FACILITY PROPOSED
Jan-10-2002
~~~~~~~~~~~~~~~~~~
Driven by new gas-fired power plants
in the southwest, Allegheny Energy
Inc., Salt River Project, and Sempra
Energy proposed a new pipeline
and storage complex to connect
the Las Vegas area with Kingman, Ariz.
Natural gas transportation and
storage in Arizona and southern
Nevada has been limited and demand
from power plants is increasing.
http://ogj.pennnet.com/articles/web_article_display.cfm?ARTICLE_ID=131797

ELECTRIC POWER NEWS BRIEFS, JAN. 9
Jan-09-2002
~~~~~~~~~~~~~~~~~~
PNM Resources Inc. ... Western Resources
Inc. ... PJM Interconnection
LLC ... SeTrans ... Idaho Power Co.
... Astaris LLC ... Williams Cos.
Inc. ... Reliant Energy ... Black
& Veatch Corp. ... H.B. Zachry
Co. ... Grupo Generador de Guatemala
y Cia SCA ... Andersons Inc. ...
FirstEnergy Solutions
http://ogj.pennnet.com/articles/web_article_display.cfm?ARTICLE_ID=131747

CALIFORNIA ISO PROPOSES MARKET CHANGES,
NONCOMPLIANCE PENALTIES
Jan-09-2002
~~~~~~~~~~~~~~~~~~
The California Independent System Operator
proposed a change to the California
electricity market by assigning
responsibility and assessing
penalties, if utilities don't provide
sufficient power ahead of time
to meet demand. The new market
mechanism called ACAP or available
capacity obligation is supposed
to ensure electricity is available
to serve daily needs.
http://ogj.pennnet.com/articles/web_article_display.cfm?ARTICLE_ID=131703

TECO CLAIMS PROGRESS ON FINANCING PROJECTS;
CUTS CAPITAL BUDGET
Jan-09-2002
~~~~~~~~~~~~~~~~~~
Florida energy holding company TECO
Energy Inc. Wednesday said it is
making progress lining up $1.2 billion
to complete two power projects
for which an Enron Corp. subsidiary
is serving as construction contractor.
If the proposal isn't approved
by Jan. 11, TECO and its joint
venture partner Panda International
Inc., Dallas, Tex., have until
Jan. 31 to find another lender.
http://ogj.pennnet.com/articles/web_article_display.cfm?ARTICLE_ID=131700

-----------------\Advertisement/-----------------
Make plans now to attend the COAL-GEN conference &
exhibition, July 31 - Aug 2, 2002 in St. Louis, MO.
COAL-GEN offers the latest information on the present
and future of coal-fired generation. http://www.coal-gen.com
-------------------------------------------------

=================================================

To SUBSCRIBE or UNSUBSCRIBE to Power & Gas Weekly
visit http://www.clientize.com/pennenergy.

Other newsletters available from PennEnergy:

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upstream, downstream and government/regulatory
news on OGJ Online.

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equipment available for immediate sale on OGJ
Equipment Exchange.

EQUIPMENT WANTED ALERT - A summary of energy
items OGJ Equipment Exchange clients want to
purchase.

For information on advertising in Power & Gas
Weekly email Janet Hall at janeth@pennenergy.com.

               Copyright 2002
      PennEnergy Inc / Oil & Gas Journal
             All Rights Reserved
=================================================


FYI

Attached is the preliminary outline of the proposed emissions auction,
developed by Zal..

Please advise on the CFTC issues raised.

Thanks,
---------------------- Forwarded by Harry M Collins/HOU/ECT on 02/15/2000
12:19 PM ---------------------------

Zal Masani
02/14/2000 03:55 PM
To: Harry M Collins/HOU/ECT@ECT
cc: James B Fallon/HOU/ECT@ECT, Greg Woulfe/HOU/ECT@ECT, Leonard
Tham/HOU/ECT@ECT, Doug Gilbert Smith/Corp/Enron@ENRON
Subject: Auction

Harry:

Attatched is a document containg the basic structure of the auction as we
envision it. Please keep in mind that it is a work in progress and will be
modified as we develop a better idea of the auction.
Below are certain questions we need clarification on.

Structure:
Do we have any CFTC exposure?
By the nature of the auction structure, are we not implicitly matching? If
yes then how does this affect the previous answer?
Do we have exposure to the lottery commission if we offer a free gift during
the auction?

Contract:
To limit our exposure due to failure of the system etc. what sort of Force
Majure clause can we incorporate in the contract?
To what extent are electronically signed contracts enforceable?

Internal:
Can other trading desks at Enron other than the emissions desk participate in
this auction?
What limitations can be placed on the emissions desk as far as information
sharing and usage are concerned? both during and after the auction?

Thank You

Zal


You are enrolled in the following class:

Basics of Risk Management

Class Days and Times:
  6/21/2001  08:00:00 AM - 05:00:00 PM
  6/22/2001  08:00:00 AM - 12:00:00 PM
Room # & Location: EB 552,  Houston
Last Day to Cancel: 06/18/2001
Participant Fee: $600.00
Note:

Please review any prerequisite material to validate your eligibility in this
class.
Your Company and RC will be charged $600.00

If you have any questions, please call the Development Center Team at
713-853-0357.

Thank you.


Please be advised that I will begin sending you California/National Power
related messages twice a day (one during the mid-day and again in the late
afternoon), in order to avoid a sporatic flow of emails.

Below are the articles for this afternoon.


Tim, call Dick Jenkins about this capacity.  His number is 3-5136
---------------------- Forwarded by Chris Germany/HOU/ECT on 06/26/2000 05:05
PM ---------------------------

Scott Goodell@ENRON
06/21/2000 01:07 PM
To: jporte1@columbiaenergygroup.com, Cdalpho@columbiaenergygroup.com
cc: Chris Germany/HOU/ECT@ECT
Subject: TCO Capacity

The clock is running.  The following contracts were bid on the Columbia Gas
EBB Today.
Per the ROFR agreement we must notify TCO by Wednesday July 6 @2pm EST (15
calendar days).
Scott


PLEASE DO NOT RESPOND TO THIS E-MAIL--THIS ACCOUNT IS NOT MONITORED

AP User:

Attached is/are the payment proposal(s) for your business unit.  Please review and forward to your approver(s)/CAO.

Thank you.
SAP AP Team
 - 20020109-DENWE.XLS


Mark,

The planned mountain bike activity is on Beaver Creek Mountain.  Do you know what kind of trails are there?  There is a break on Saturday after lunch.  The trails at Vail sound great.  Hunter and I would definitely be up for trying them out.   Let's set it up.  Let me know if you can book a side trip or if you want me to try.

Thanks,

Phillip
 -----Original Message-----
From: 	Whitt, Mark   On Behalf Of Mark Whitt/DEN/ECT@ENRON
Sent:	Wednesday, August 01, 2001 7:37 AM
To:	Allen, Phillip K.
Subject:	Message from John and Louise - Enron Americas Management Offsite

Do you know what they are planning for Mountain Biking?  Hopefully it is not just paved bike trails.  If you and Hunter want to we can schedule a side trip if we get a break.  The trails at Vail are the ones they use for the World Cup Championships.  The downhill is awsome.  Let me know.

Mark
----- Forwarded by Mark Whitt/NA/Enron on 08/01/2001 08:31 AM -----

	Louise Kitchen/ENRON@enronXgate 07/30/2001 04:17 PM 	   To: Phillip K Allen/ENRON@enronXgate, John Arnold/ENRON@enronXgate, Harry Arora/ENRON@enronXgate, Edward D Baughman/ENRON@enronXgate, Tim Belden/ENRON@enronXgate, Don Black/HOU/EES@EES, Craig Breslau/ENRON@enronXgate, Christopher F Calger/ENRON@enronXgate, Remi Collonges/SA/Enron@Enron, Wes Colwell/ENRON@enronXgate, Derek Davies/ENRON@enronXgate, Mark Dana Davis/HOU/ECT@ECT, Anthony Dayao/HOU/EES@EES, Joseph Deffner/ENRON@enronXgate, Paul Devries/ENRON@enronXgate, W David Duran/ENRON@enronXgate, Ranabir Dutt/ENRON@enronXgate, David Forster/ENRON@enronXgate, Chris H Foster/ENRON@enronXgate, Orlando Gonzalez/SA/Enron@Enron, Mike Grigsby/ENRON@enronXgate, Mark E Haedicke/Enron@EnronXGate, Rogers Herndon/ENRON@enronXgate, Scott Josey/ENRON@enronXgate, Allan Keel/ENRON@enronXgate, Joe Kishkill/SA/Enron@Enron, Kyle Kitagawa/ENRON@enronXgate, Louise Kitchen/ENRON@enronXgate, Fred Lagrasta/ENRON@enronXgate, Laura Luce/ENRON@enronXgate, Thomas A Martin/ENRON@enronXgate, Michael McDonald/SF/ECT@ECT, Ed McMichael/ENRON@enronXgate, Don Miller/ENRON@enronXgate, Rob Milnthorp/ENRON@enronXgate, Jean Mrha/ENRON@enronXgate, Scott Neal/ENRON@enronXgate, David Parquet/SF/ECT@ECT, Kevin M Presto/ENRON@enronXgate, Brian Redmond/ENRON@enronXgate, Hunter S Shively/ENRON@enronXgate, Fletcher J Sturm/ENRON@enronXgate, Mike Swerzbin/ENRON@enronXgate, Jake Thomas/ENRON@enronXgate, C John Thompson/ENRON@enronXgate, Carl Tricoli/ENRON@enronXgate, Barry Tycholiz/ENRON@enronXgate, Frank W Vickers/ENRON@enronXgate, Mark Whitt/NA/Enron@Enron, Brett R Wiggs/SA/Enron@Enron, Greg Wolfe/ENRON@enronXgate, Andy Zipper/ENRON@enronXgate, John Zufferli/ENRON@enronXgate  cc: Tammie Schoppe/ENRON@enronXgate, Kimberly Hillis/ENRON@enronXgate, Dorie Hitchcock/ENRON@enronXgate  Subject: Message from John and Louise - Enron Americas Management Offsite

Please find attached details for the forthcoming Enron Americas Management Offsite. There are group actions which need to be completed before arriving in Beaver Creek.
The Offsite will involve meetings, mountain biking and white water rafting (grade 3), so please bring appropriate clothing. For those who have not been rafting before appropriate clothing would be swimwear, sports shoes, hat, shorts and T-shirt. Life jackets will be provided. The accommodation will be in condominiums in Beaver Creek and room assignments are also attached below.
Transportation
The attached agenda outlines the transportation requirements for those departing from Houston. It is assumed that all members of the ESA team will also travel to and from Houston with the Houston based employees. Dorie Hitchcock will be contacting those of you separately who are not traveling to and from Houston.
Video
You each have been assigned to a group for the sole purpose of completing a video prior to attending the Offsite. The video filming should be completed and on a VHS tape prior to departure for Beaver Creek. The purpose of this video is to provide a comic interlude to the proceedings. The videos will be seen prior to dinner on Friday night at Saddleridge. The video should be about  5 minutes in length, on a VHS tape and there is a zero budget assigned to the production of the video. Each team has been given a title which is open to interpretation (see attached spreadsheet).
Please find attached the following information:
(i) Attendees and Teams for Video
(ii) Draft Agenda
Any questions or concerns should be addressed to Dorie Hitchcock (Ext 36978)
We look forward to seeing you in Beaver Creek.
John & Louise

 << File: offsite1.xls >>  << File: 01lavaugcolagenda1.xls >>


Rhonda,

Please let me know the new #'s for each contract.

Robert

-----Original Message-----
From: CGT_Customer_Services@nisource.com
[mailto:CGT_Customer_Services@nisource.com]
Sent: Sunday, September 30, 2001 8:02 AM
To: Ramirez, Robert
Subject: Columbia Reduction for Enron N A

Company: 002909     Arng: 63115-00058     Eff Date: 2001-10-01

                        ----- Receipt -----   ----- Delivery -----
                           Quantity  Cut CD      Quantity  Cut CD

Nominated                     1,060                 1,029
Working                       1,060                 1,029
Capacity Allocation           1,057                 1,026  CCD
Confirmed                     1,057                 1,026

Company: 002909     Arng: 63115-00060     Eff Date: 2001-10-01

                        ----- Receipt -----   ----- Delivery -----
                           Quantity  Cut CD      Quantity  Cut CD

Nominated                     1,060                 1,029
Working                       1,060                 1,029
Capacity Allocation           1,057                 1,026  CCD
Confirmed                     1,057                 1,026

Company: 002909     Arng: 63115-00061     Eff Date: 2001-10-01

                        ----- Receipt -----   ----- Delivery -----
                           Quantity  Cut CD      Quantity  Cut CD

Nominated                     1,060                 1,029
Working                       1,060                 1,029
Capacity Allocation           1,057                 1,026  CCD
Confirmed                     1,057                 1,026

Company: 002909     Arng: 63115-00062     Eff Date: 2001-10-01

                        ----- Receipt -----   ----- Delivery -----
                           Quantity  Cut CD      Quantity  Cut CD

Nominated                     2,957                 2,871
Working                       2,957                 2,871
Capacity Allocation           2,949                 2,863  CCD
Confirmed                     2,949                 2,863

Company: 002909     Arng: 63115-00063     Eff Date: 2001-10-01

                        ----- Receipt -----   ----- Delivery -----
                           Quantity  Cut CD      Quantity  Cut CD

Nominated                     5,149                 5,000
Working                       5,149                 5,000
Capacity Allocation           5,136                 4,987  CCD
Confirmed                     5,136                 4,987

Company: 002909     Arng: 63115-00064     Eff Date: 2001-10-01

                        ----- Receipt -----   ----- Delivery -----
                           Quantity  Cut CD      Quantity  Cut CD

Nominated                     1,800                 1,748
Working                       1,800                 1,748
Capacity Allocation           1,796                 1,744  CCD
Confirmed                     1,796                 1,744


Kit Blair has started working in Volume Management today.

Prior to Enron, Kit worked with Starbucks Coffee Company as a Store Manager and as a Financial Analyst. He is a '00 graduate of the University of Oregon with a degree in Business Administration and Finance.

Please welcome Kit to our Portland office!

Thanks - MO


---------------------- Forwarded by Daniel Diamond/HOU/ECT on 06/07/2000
05:35 PM ---------------------------

Alan Engberg
06/06/2000 07:41 AM
To: Daniel Diamond/HOU/ECT@ECT
cc: Bob Shults/HOU/ECT@ECT, Douglas S Friedman/HOU/ECT@ECT
Subject: Market Commentary

Dan, here's our first ever market commentary.  I gather the information will
be very stale by the time eol v2 is up and running and that this will serve
primarily as a place holder in our web page.
From our perspective, we'd much prefer to have indenpendent "neutral" sources
(such as Platts, ICIS, CMAI ....) do the analysis, or at least do a feed.
The reason is (a) we'll never be construed as neutral and (b) we're so thin
that the traders themselves are the only ones who can put this together.

Thanks,
Alan


May 11, 2001

Notice to:  All Producers, Receipt Point Operators, Interconnecting
Pipelines and Shippers on the Transcontinental Gas Pipe Line
Corporation System

Subject:  North Terrebonne Processing Plant - Notice of Force Majeure

Transco received the following notice today from the operators of the
Terrebonne plant.

 "In accordance with Article XVII of the above referenced
agreement please be advised that the North Terrebonne Gas Processing
Plant and Tebone Fractionation Plants shut down yesterday, May 10,
2001.  The shut down was due to a propane leak on the suction side of
one of the refrigeration compressors at North Terrebonne.  An incident
investigation team is preparing to investigate the exact cause of the
leak.  Present estimates of the duration of the shut down are uncertain
but may be as long as three to five days."

As a result of this outage, delivery points on Transco will see a
temporary increase in the heating content (Btu) of the quantities
received from the Transco system.  Transco expects the situation to be
alleviated shortly per the above notice and will provide an update as
it is received from the plant operators.

If you have any questions, please contact your Transportation
Scheduling Representative.

 - C.DTF


The desk took the adjustment and we were waiting on Lisa to verify the amounts on the A/R.  We need to know the variance on the A/R by month to compare to my analysis and we can then change the prices in Sitara.  The desk took a 5.7 million dollar expense PMA.  Please let me know if and when you guys have the info and we can get it fixed in Sitara.  Until this gets done, OA will have a variance on flash to actual because the desk already took the adjustment - we wanted to get it in for year end.
PL

-----Original Message-----
From: James, Marlo C.
Sent: Tuesday, January 08, 2002 4:02 PM
To: Love, Phillip M.
Subject: RE: NICOR

How is this going?  Jennifer Lee is OA is questioning the impact and is trying to understand everything so I sent her copies of our communications.  Any further communications need to copy her on since Lisa V. is no longer here.

Thanks,
Marlo

-----Original Message-----
From: Love, Phillip M.
Sent: Tuesday, November 27, 2001 4:09 PM
To: James, Marlo C.
Subject: RE: NICOR

still working.  I hope to have it completed before the week is out.  As I am sure you are experiencing as well all the fire drills that are currently going on around here, I have been running since I got back from vacation.  Believe me when I say this is a high priority for me as well because of all the potential P&L fallout for the traders who have been entering this information.
PL

-----Original Message-----
From: James, Marlo C.
Sent: Tuesday, November 27, 2001 8:56 AM
To: Love, Phillip M.
Cc: Saucier, Darla
Subject: RE: NICOR

How are things going with this.  We need to give updates to our leads.

-----Original Message-----
From: Saucier, Darla
Sent: Monday, November 12, 2001 12:58 PM
To: James, Marlo C.
Subject: FW: NICOR

-----Original Message-----
From: Love, Phillip M.
Sent: Mon 11/12/2001 11:05 AM
To: Saucier, Darla
Cc:
Subject: RE: NICOR

can you get me copies of the August Invoice.  Cora is very confident we have done everything correctly and I am still disagreeing with her(agreeing with you guys).  This is pretty confusing and they did not keep spreadsheets or data about these, so I am having trouble tying all the volumes.  Could you also get me copies of the pipeline statements for August.  It looks like I am also missing one of the pipeline statements from July as well.  I do not have the statement for the loan of 73,416.  Thanks.  I am sorry this is taking a while, this deal is very complex and traders/schedulers have not kept good records.

PL

 -----Original Message-----
From:   Saucier, Darla
Sent:   Thursday, November 08, 2001 5:03 PM
To:     Love, Phillip M.
Cc:     James, Marlo C.
Subject:        RE: NICOR

Here's what we have done for all the month's involved.  I'll have to copy the Nicor invoices and get them to you.  I will bring those down to you tomorrow morning.

 << File: NICOR-rec.xls >>

 -----Original Message-----
From:   Love, Phillip M.
Sent:   Thursday, November 08, 2001 4:41 PM
To:     James, Marlo C.; Saucier, Darla
Subject:        RE: NICOR

can you get me the info on August for Nicor, according to Cora Pendergrass I need to see august numbers because some of July's invoice has august volumes.  I would like a copy of all the stuff you guys gave me for July.  Thanks.

PL

 -----Original Message-----
From:   James, Marlo C.
Sent:   Thursday, November 08, 2001 4:36 PM
To:     Palmer, B. Scott
Cc:     Love, Phillip M.; Saucier, Darla; Valderrama, Lisa; Anastas, Sherry
Subject:        RE: NICOR

Right now the parking and loaned deals that we did or do with NIPSCO are not being booked correctly in Unify.  The volumes are coming over onto Supply Verifications or Sales Invoices depending what we are doing.  These deals should be coming over to the service side so that I can be paying for these deals.  However, I do not have anything on the service side.  Therefore, I have a had to pay (paper) manuals to pay NIPSCO and Darla has outstanding A/R & A/P items since we do not invoice or pay NIPSCO for these deals.  I have requested that Marlene forward the service contracts that are currently in the system to verify what we have setup so that you can make sure the deals are setup and we can get these corrected in Unify.  I need to get my payables issues cleared up as well for the manuals I had to do to get them paid as interest was also charged.  If you need to meet up with Darla and I to show you what we have, please let us know.  The sooner we can get these resolved the better.

Thanks,
Marlo

 -----Original Message-----
From:   Palmer, B. Scott
Sent:   Thursday, November 08, 2001 4:20 PM
To:     Saucier, Darla
Cc:     James, Marlo C.; Love, Phillip M.
Subject:        RE: NICOR

Phillip is working on NICOR. I will work on NIPSCO. Marlo's e-mail was the first I have heard of this and it does not really describe what the issue is. Can somebody clue me in with the details? Thanks.

Scott

 -----Original Message-----
From:   Saucier, Darla
Sent:   Thursday, November 08, 2001 2:56 PM
To:     Palmer, B. Scott
Subject:        FW: NICOR

 -----Original Message-----
From:   Saucier, Darla
Sent:   Thursday, November 08, 2001 2:51 PM
To:     Love, Phillip M.
Cc:     McFatridge, Thomas; Valderrama, Lisa; PALMER, Scott L
Subject:        NICOR

Hi Phillip,

I saw your emails to Marlo James on the Nicor issue that said Scott Palmer would be taking over the Central desk.  I just wanted to see if it would be possible to put this on the highest priority.  Due to the current situation, we need to get this matter resolved ASAP to be able to clear off the balances left sitting on our A/R and A/P.  Let me know if there's any additional information that you would require from me. Again, I stress the urgency of resolving this.  Thanks for your help.  Please update me on any progress as soon as possible.

Thanks
Darla Saucier


Wanted you to see what we sent out. We'll schedule Weather and Broadband in July. Thanks!
---------------------- Forwarded by Janet R Dietrich/HOU/EES on 06/07/2001 07:01 PM ---------------------------

Cheryl Lipshutz
06/07/2001 06:09 PM
To:	Janet R Dietrich/HOU/EES@EES
cc:
Subject:	Re: EES Summer Series

Great looking invite!!  I particularly like the click button to RSVP - very clever!

	Enron Energy Services  From:  EES Office of Chairman                           06/07/2001 04:31 PM

Sent by:	EES Distribution
To:	All EES
cc:
Subject:	EES Summer Series

The Brown Bags have experienced a successful Winter/Spring run and are taking a well-deserved summer vacation.
While the Brown Bags are away, Janet Dietrich, EES's President, would like to present:

The Summer Series will include weekly presentations from subject matter experts within Enron designed to broaden the scope of knowledge about different Enron businesses.  EES employees will have the opportunity to learn first hand about subjects such as the US Power Market, the US Gas Market, RAC, Weather Derivatives, Broadband Connectivity, Distributed Generation, DSM, Load Acquisition and Sourcing & Supply from the experts themselves.

The Summer Series premiers on June 13 with the following scheduled presentations:

June 13 - The US Power Market with Rogers Herndon
June 20 - The US Gas Market with Hunter Shively and Chris Gaskill
June 27 - Risk Assessment and Controls with Rick Buy

Presentations will be held each Wednesday in Room 5C2 from 11:30 a.m. to 1:00 p.m.
Lunches will be provided.  Attendance is by RSVP only.
Click here  to RSVP for the series premier.

<Embedded StdOleLink>


Michael is sick, so he's at home, and taking him to the doctor.  More strep.
My baby had 103 temperature last night.  He was so pathetic.  I will probably
stay home tomorrow.

Kay


We need to communicate with Massey before he gets completely carried away
blaming the interstate pipeline business for gas price spikes.  We need to
get him the information regarding Cal LDCs failure to fill storage and their
opposition to additional pipeline construction in the state.  Shelley --
could you forward copies of the LDC filings to the group.  Should Joe or I
(or both) try to see massey when I am in town next week?
---------------------- Forwarded by Steven J Kean/NA/Enron on 04/26/2001
02:07 PM ---------------------------
From: Jeff Dasovich on 04/24/2001 06:57 PM
Sent by: Jeff Dasovich
To: Richard Shapiro/NA/Enron@Enron, skean@enron.com, James D
Steffes/NA/Enron@Enron, Paul Kaufman/PDX/ECT@ECT, Leslie
Lawner/NA/Enron@Enron, Joe Hartsoe/Corp/Enron@ENRON, Rob
Bradley/Corp/Enron@ENRON, Janel Guerrero/Corp/Enron@Enron, Karen
Denne/Corp/Enron@ENRON, Alan Comnes/PDX/ECT@ECT, Sandra
McCubbin/NA/Enro@Enron, Susan J Mara/NA/Enron@ENRON
cc:

Subject: Some Background on California Gas Price Spikes--The Other Side of
the Story

Last week, I distributed a presentation that the Brattle Group gave before
the California Inquisition (i.e., legislative gas oversight committee looking
into the gas price spikes at the Cal border).

The Brattle Group is a consulting firm that Edison has long used to beat up
on SoCalGas (recall that Edison used to be a big gas customer when it owned
power plants).  Edison "arranged" for the Brattle Group to be the star
witness at the Cal Leg gas hearing.  Their job was to set up El Paso and
Dynegy for the hit at hearings that took place the following day.  Their
message was simple (and simplistic):

El Paso and Dynegy have market power.
They have used the market power to drive up basis and thus the price of gas
at the border (to "obscene" levels).
That, in turn, has driven up electricity prices.

Ken Lay is giving a gas talk tomorrow, and Rob Bradley asked that I provide
the alternative view to the Edison/Brattle rant, in the event that he gets
any questions on the topic.  It's attached.  Apologies, it's quick and dirty,
but it provides the basics.

Obviously no need for us to defend El Paso or Dynegy, but might be useful to
offer a more rationale explanation than the one that the California
Legislature is peddling.

Finally, we were also fingered somewhat as culprits at the hearing (the
California PUC FERC lawyer claimed that ENA and TW colluded to drive up basis
when ENA controlled a portion of  the capacity), but the overriding goal of
the hearing was to go after EP and Dynegy.

Best,
Jeff


Hi Sheridan,

How are you?  I hope that you had a good vacation.  Vasant and I looked at
your memo and found it to be interesting.    I shall first briefly summarize
our understanding of the methodology you propose.  The comments follow.
Finally, I shall sketch a simple gas field project you can use as a test case
in further refining the model.

It appears that you are proposing a state-space approach where probabilities
of different states at various future dates are specified.  The next step is
to assume a discount rate and to compute the present value by following the
branches from the origin to one of the terminal points.  Traversing through
the tree in this manner over many iterations will permit us to compute the
average present value of the project.  Also, you are using the simulation to
assign a value of the project to each node.  Thus each node will have a cash
flow associated with it which will occur if the node is reached and a value
which is an expectation of the value to be realized going forward.   If some
of these values turn out to be negative, zero-coupon, risk-free bonds are
purchased to neutralize the negative realization.

Next, we find a comparable and apply the expected rate of return back to our
project (based on the variance of the returns) .  We iterate until
convergence.

Finally, we subtract the initial investment and the computed risk capital
from the PV of the gross cash flows (including debt) to determine if the
project merits further consideration.

Comments/Clarifications

1.  The money is being set aside to avoid negative values.  It is not clear
if you mean the values of the cash flow or the PV at the node.  Anyhow, we
shall be setting aside money not just for that specific node but all nodes at
that cross-section of time as the risk-free asset pays in all states of
nature.  This will have to be done every time there is a negative
realization.  Thus, for the typical project we have, the value of risk
capital may be extremely high, as we are not following a tail-based norm
anymore.

2.  Your memo appears to suggest that debt capacity is contingent on all
values being positive.  If so, we are only issuing risk-free debt.  Also, a
project with a single negative value at each cross-section of time will not
have a positive debt capacity.

3.  It seems that our optimization argument is the discount rate, which is
obtained in each step from the comparison investment (by equating the
variances).  It is not clear if changing the discount rate will have such an
effect on the project variance so as to lead to a global convergence.  Also,
our project has a finite life and the market-based assets will have infinite
lives.  In the light of this fact, how will we define the relevant variance?
Is it the spot variance of the returns of the comparison investment?

4.  Finally, our criterion is to subtract from the average PV the investment
and also the risk capital.  Setting risk capital to zero, this model closely
resembles the intuitive present value criterion and endogenously determines
the discount rate.

Gas Field Case

To facilitate your thinking, we are providing a gas field example below.

We invest x million dollars to buy and develop a gas field.  A profile of
expected production and variance of the production per year is available from
the engineers at the beginning.  Production will be autocorrelated, as the
profile will shift up or down based on the actual gas reserves being more or
less than the estimated reserves.   We assume the life of the field to be 10
years with no salvage value.  There are fixed and variable operating costs.
It might be useful for you to think about applying the framework to this
problem.

Do let me know if you have further questions.

Rakesh


---------------------- Forwarded by Tana Jones/HOU/ECT on 12/06/99 10:45 AM
---------------------------

Alan Aronowitz
12/06/99 10:45 AM
To: Tana Jones/HOU/ECT@ECT
cc: Mark - ECT Legal Taylor/HOU/ECT@ECT
Subject: Counterparties for Review from 12/02/99

No problems from the Emerging Markets Group. Please pass on. Thanks.

Alan
---------------------- Forwarded by Alan Aronowitz/HOU/ECT on 12/06/99 10:45
AM ---------------------------

Rahil Jafry
12/03/99 11:18 AM
To: Tom Moran/HOU/ECT@ECT, Mark Taylor/HOU/ECT@ECT, Stephen H
Douglas/HOU/ECT@ECT, Mary Solmonson/HOU/ECT@ECT
cc: Debbie R Brackett/HOU/ECT@ECT, Molly Harris/HOU/ECT@ECT, David
King/HOU/ECT@ECT, Jeff Blumenthal/HOU/ECT@ECT, Karen Lambert/HOU/ECT@ECT,
Peggy Hedstrom/CAL/ECT@ECT, Stacy E Dickson/HOU/ECT@ECT, Tana
Jones/HOU/ECT@ECT, Leslie Hansen/HOU/ECT@ECT, Jeffrey T Hodge/HOU/ECT@ECT,
Alan Aronowitz/HOU/ECT@ECT, Connie Sutton/HOU/ECT@ECT, Edmund
Cooper/LON/ECT@ECT, Justin Boyd/LON/ECT@ECT, David Weekes/LON/ECT@ECT, Janine
Juggins/LON/ECT@ECT, Bob Shults/HOU/ECT@ECT, David Forster/LON/ECT@ECT, Frank
L Davis/HOU/ECT@ECT, Kim S Theriot/HOU/ECT@ECT, Rhonda L Denton/HOU/ECT@ECT,
Linda K Loukanis/HOU/ECT@ECT, Philippe Travis/LON/ECT@ECT, Cindy
Horn/HOU/ECT@ECT, Dianne Seib/CAL/ECT@ECT
Subject: Counterparties for Review from 12/02/99

For your review.

Thanks,
Rahil
x. 3-3206


Attached is the Enron Americas GasTrading violation memos for  Maturity Gap
Risk and VaR for June 14, 2001.  The Office of the Chairman for Enron
Americas is responsible for printing out a hard copy of this memo, signing it
and returning the hard copy to Chris Abel at 3155a, who will forward it to
RAC to obtain their signature.

Thank You


Stephanie,

I hope this file help!

Regards,
Mechelle

 -----Original Message-----
From: 	Panus, Stephanie
Sent:	Friday, November 16, 2001 1:23 PM
To:	Stevens, Mechelle; Sayre, Frank
Cc:	Aucoin, Evelyn
Subject:	RE: Columbia Energy Services Trades

Michelle,
Do you have any more information on these trades?  (such as trade date, beginning and ending dates)

Thanks.

 -----Original Message-----
From: 	Stevens, Mechelle
Sent:	Wednesday, November 14, 2001 3:22 PM
To:	Sayre, Frank; Panus, Stephanie
Cc:	Aucoin, Evelyn
Subject:	Columbia Energy Services Trades

Frank & Stephanie,

Here are the trades that CES claims are not theirs.

N67489.4
N67489.5
N91852.1
N92407.1
N92407.2
NE1116.1
NE1787.3
NE1787.4
NK2091.1
NV5353.1
NV5435.1
NW7628.1
NW7721.1

Please let me know if you need additional information.

Regards,
Mechelle
x37278


Celeste,

I am sending you the resume of David Gershenson, an MBA student from Wharton.
He is interested in a summer internship with Enron and I shall be glad
to take him.

Vince

---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 01/17/2001
01:34 PM ---------------------------

"Chen, Vincent" <chenvinc@wharton.upenn.edu> on 01/17/2001 02:35:00 AM
To: Vince.J.Kaminski@enron.com
cc: "Gershenson, David" <gershend@wharton.upenn.edu>
Subject: Enron Cover Letter & Resume for Dave Gershenson

Vince, I am passing along a cover letter and resume for my classmate and
friend, Dave Gershenson, who is very interested in working for Enron this
summer. He is working on Reliant Energy's Tiger Team this quarter. Please let
us know if you have any questions.

Thanks much and see you Friday!
Vincent
--------------------------------------------
Vincent Y Chen
MBA Candidate, Class of 2002
The Wharton School
University of Pennsylvania
chenvinc@wharton.upenn.edu

>  -----Original Message-----
> From:  Gershenson, David
> Sent: Tuesday, January 16, 2001 6:24 AM
> To: Chen, Vincent
> Subject: Enron Cover Letter & Resume
>
> Vincent,
>
> Please find attached a cover letter and resume for the Enron summer finance
internship.  As we discussed, I would appreciate it if you could pass these
along to your Tiger Team contact, Mr. Kaminski.
>
> Thanks,
> Dave
>
> >  <<Enron Letter.doc>> > >  <<Dave Gershenson.doc>>

 - Enron Letter.doc
 - Dave Gershenson.doc


-----Original Message-----
From: wrenkye@aol.com [mailto:wrenkye@aol.com]
Sent: Tuesday, October 23, 2001 11:34 PM
To: Mikid427@aol.com; Jessholbert@aol.com
Subject: Fwd: Top 20 bumper stickers for women

--------- Inline attachment follows ---------

From:  <KatLeav@aol.com>
To: SampleZoo7@aol.com, cheryl@cameron.net, Ckpdrsn@aol.com, wrenkye@aol.com, R1964ronni@aol.com, sr3b@yahoo.com, woodie@msc.net
Date: Tuesday, October 23, 2001 10:28:56 GMT
Subject:

1. SO MANY MEN, SO FEW WHO CAN AFFORD ME.

2. GOD MADE US SISTERS, PROZAC MADE US FRIENDS.

3. IF THEY DON'T HAVE CHOCOLATE IN HEAVEN, I AIN'T GOING.

4. MY MOTHER IS A TRAVEL AGENT FOR GUILT TRIPS.

5. PRINCESS, HAVING HAD SUFFICIENT EXPERIENCE WITH PRINCES,SEEKS FROG.

6. COFFEE, CHOCOLATE, MEN. SOME THINGS ARE JUST BETTER RICH.

7. DON'T TREAT ME ANY DIFFERENTLY THAN YOU WOULD THE QUEEN

8. IF YOU WANT BREAKFAST IN BED, SLEEP IN THE KITCHEN.

9. DINNER IS READY WHEN THE SMOKE ALARM GOES OFF.

10. I'M OUT OF ESTROGEN - AND I HAVE A GUN.

11. GUYS HAVE FEELINGS TOO. BUT LIKE... WHO CARES?

12. NEXT MOOD SWING: 6 MINUTES

13. AND YOUR POINT IS?

14. WARNING: I HAVE AN ATTITUDE AND I KNOW HOW TO USE IT.

15. OF COURSE I DON'T LOOK BUSY...I DID IT RIGHT THE FIRST TIME.

16. DO NOT START WITH ME. YOU WILL NOT WIN.

17. YOU HAVE THE RIGHT TO REMAIN SILENT, SO PLEASE SHUT UP.

18. ALL STRESSED OUT AND NO ONE TO CHOKE.

19. I'M ONE OF THOSE BAD THINGS THAT HAPPEN TO GOOD PEOPLE.

20. HOW CAN I MISS YOU IF YOU WON'T GO AWAY?


Mike,
Since the IT guys want to wait for the new software to put your cost analysis on the plasma screens I am currently working on using Reuters so that we'll have something in the meantime.  I had to call Lori Hernandez, Reuters contact, and have her add some more products to Kobra.  As soon as she gets back to me I'll put that together and get it on the screens.  Let me know if you have other questions.

Aaron


The West traders have requested a new pub posting code to allow them to do
deals against the Dow Jones Palo Verde Sunday index. In particular, Matt
Motley, our Long Term Southwest trader, has executed a deal today for Cal'01
through Cal'06 at the Palo Verde index price. It runs all days and all hours,
so we need to enter three legs - one at the on peak price, one at off peak,
and one at Sunday price. The 24-hour Sunday price is the only option missing
from EnPower. Matt has asked that we get this pub code in as soon as possible
so his deal can be entered and calced tonight. Please let me know what you
can do.

Thanks,
Kate Symes
Trading Support
503-464-7486


To discuss HPL


Dear All,
The business units are operating on a lean G&A budget and cut costs whenever we can and making sure that we are efficient.  Are there any initiative to do likewise for all corp functions?  As an accountant in the business unit, we received corp allocations.  The total for corp was more than $700MM.  This, of course, excludes Enron Net Work, Enron Property, and Global Finance, which if we include those, the G&A to Enron could well be over $1Billion (not counting the business units G&A).

The number just blew me away.  I think we need to make sure all functions are needed and are run efficiently.  We cannot say it's OK just because we can allocate to the business units because the business units may not receive benefits for these costs.   We sure don't want Enron, as a whole, to be growing so fat and so fast that it will hurt our bottom line.  I'm sorry if I'm out of line, but I really do care about Enron and am very proud to be its employee.

Thank you for your time.


All,

I just received an email w/ a complete list of the attendees at the Path 15 Meeting.  They represented the following companies:

Aera Energy
Aspen Environmental Group
Berkeley Lab.
Black & Veatch Corp.
BPA - PBL
CAISO
Calpine
CEC
Central California Power
CERS
City & County of San Francisco
Constellation
CPUC
CPUC - DSP
CUE
DENA
DWR
Dynergy
EBMUD
Electricity Oversight Board
Enron
FPL Energy
IDA Corp. Energy
LADWP
Mirant
Navigant Consulting
NCPA
PB Power, Inc.
PG&E
PG&E National Energy Group
Pinnacle West
SCD Energy Solutions
SCE
Scheverman Consulting
SDG&E
SMUD
Socalgas
USE
WAPA
Williams Energy

Please let me know if you have any questions,

Kourtney


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Week of November 21, 2000
A Weekly Travel Newsletter from  TravelNow.com

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It's Thankgiving week here in the United States, and we've got  travel deals
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We have decided to name our books FB-West1 thru 10......for each region

We will have a matrix saved for everyone to be able to look at with the book names, trader names, sitara books, P&L file name, global id, and everything else that anyone might want to see.  I think this will make things more consistent than coming up with new stupid names like before.  All books, including the financial books, will have the same portfolio and book codes.  Physical books will be seperate but will all be the same.

KK


Steve,

I shall E-mail you my standard real option spin presentation + plus a
presentation on Enron
(for analysts). You can use a few slides to  introduce the company.

I would prefer not to disseminate the information about the  use of AMC. The
industry
does not know about it yet and I consider it a very  powerful tool (given its
flexibility).

I have the files on my laptop. I shall bring it to work to morrow
and send it to you.

Please, remind me about it on Thursday (old age and the hectic pace here start
showing up).

Vince

Steven Leppard
04/26/2000 05:09 AM
To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: Response from Lenos

Vince

Lenos got back to me, and said he'd prefer a high-level overview of real
options in Enron, perhaps using my notation to express the ideas.  He wants
me to keep away from the technicalities of my work.

Would you send me your (usual) powerpoint presentation on real options, and
I'll look at manipulating it to include my diagrams.  My own efforts to date
have been on fairly limited power plant modelling/asset development, and I
obviously don't have the high-level view you have.  This will ensure I get
the full range of real option type deals in my presentation.

If required I could present the real option problems I have analysed, namely:
1. Maintenance scheduling in power plant operation;
2. Gas storage;
3. Power plant asset development, which would include (1) as a sub-tree.

I will also need your advice on whether I can talk about the fact that we
prefer American Monte Carlo to build our trees.  I haven't used AMC myself up
till now, I've been carrying out static optimizations, with different price
curve scenarios being run through.

I'm still working on selling the full stochastic dynamic programming approach
- people are just getting to the stage of accepting my deterministic DP, and
they're still being supplied with useful products, as per my "Real Options
Strategy" document.

Cheers,
Steve


All,

I am aware that early in the EnronOnline process, some GTC's were only
generated for the "With Collateral" category and hence, all companies
transacting in that commodity were subject to the collateral clause.

I am now starting to wonder if this was an oversight, or if there is a reason
why all counterparties should be bound by a collateral clause for the
following GTC's/Products:

I would appreciate any insight which any of you can offer.

Thanks,

Dave


http://houston.citysearch.com/E/V/HOUTX/0016/77/18/cs1.html

This place looks kind of fun for friday night - although it is out in the
katy mills


Gentlemen:

Sara Shackleton of Enron North America Corp. has asked me to follow-up on an
engagement letter faxed to Mr. Slade on May 2.  Attachment "B" should be
completed and faxed back to Sara at 713/646-3393.  If you did not receive the
faxed engagement letter, please let me know by return email and I will fax it
to you again.

Regards,
Kaye Ellis
Administrative Assistant


Not sure if these are anything near what you are looking for but FYI.

---------------------- Forwarded by Gerald Nemec/HOU/ECT on 10/17/99 10:01 AM
---------------------------

	Enron North America Corp.

	From:  Corporate HR @ ENRON                           10/13/99 05:47 PM

Sent by: Enron Announcements@ENRON
To: All Enron North America
cc:
Subject: More IT HOT Jobs

WANTED
IT Professionals

$5000
REWARD

for successful referral and hiring
NOW THRU DECEMBER 31, 1999

Top IT Jobs
	Job #	Description	Department
	27402	SQL Server/Oracle DBA	Information Services

	27656	Sr. Systems Integrator	Infrastructure & Integration

	27736	Data Security Administration	Infrastructure & Integration

	28145	Data Network Engineer	Communications & Market Data

	28256	Infrastructure Support	Infrastructure & Integration

	57651	Global Products Project Lead	Energy Trading Systems

	58068	Telephony Software Analyst	Communications & Market Data

	58197	Dephi Developer w/Oracle	Energy Trading Systems

	57542	O-Script Developer/Analyst	Electronic Document Mgm't.

	58203	C++/OOD/UNIX Developer	Energy Trading Systems

Please see the Human Resources website at http://home.enron.com for complete
job descriptions.

See attached Enron Employee Referral Policy and Form to submit resumes of
qualified candidates,
and keep watching for more jobs soon to come!!


David:

I have a call set up with Credit2B's Robert Harris and his outside counsel to
discuss their comments on Monday morning.  Will keep you posted.

Leslie

	David P Dupre
	12/08/2000 02:30 PM

		 To: Leslie Hansen/HOU/ECT@ECT, Craig Chaney/HOU/ECT@ECT, Tana
Jones/HOU/ECT@ECT, Jeff Kinneman/HOU/ECT@ECT
		 cc:
		 Subject: Credit2B NDA has arrived

All:

This is the Credit2B NDA which you received a few minutes ago.
Please review when you have an opportunity.

Leslie and Tana: let's coordinate to finalize this. Our meeting with Credit2B
is on Wednesday Dec 13
(and Erisk on Tuesday Dec 12).

We'll be leaving at 9am on Monday morning.

Our contact information in NYC:

W Hotel
541 Lexington
212-755-1200

Thanks,

David
---------------------- Forwarded by David P Dupre/HOU/ECT on 12/08/2000 02:24
PM ---------------------------

	Enron Capital & Trade Resources Corp.

	From:  RHarris@Credit2B.com                           12/08/2000 02:15 PM

To: david.p.dupre@enron.com
cc:
Subject: FW: Reciprocal Confidentiality Agreement

-----Original Message-----
From: Harris, Robert
Sent: Friday, December 08, 2000 3:12 PM
To: 'Leslie.Hansen@enron.com'
Cc: Craig.Chaney@enron.com; Tana.Jones@enron.com;
Jeff.Kinneman@enron.com
Subject: Reciprocal Confidentiality Agreement

I think the changes look worse than they are.

I hope these are acceptable to you.

robert
 <<NDA with Enron_.doc>>

 - NDA with Enron_.doc


Please read

DG
---------------------- Forwarded by Darron C Giron/HOU/ECT on 02/26/2001
02:14 PM ---------------------------

Stacey Vallejo
02/26/2001 12:37 PM
To: Jeffrey C Gossett/HOU/ECT@ECT, Kam Keiser/HOU/ECT@ECT, Darron C
Giron/HOU/ECT@ECT, Victor Guggenheim/HOU/ECT@ECT, Phillip M Love/HOU/ECT@ECT,
Errol McLaughlin/Corp/Enron@ENRON, Luchas Johnson/NA/Enron@Enron
cc:
Subject: Aquila Canada Corp. deals in your books

I just came across a counterparty that needs to be flipped to the
FT-US/CAND-ERMS book for all deals in Houston books.  ECC has now signed a
Master Swap Agreement with Aquila Canada Corp., and all deals traded with ENA
and Aquila Canada Corp. need to be settled with ECC in the P& book.  These
deals are showing up in TAGG as settling with ENA, could you all please keep
an eye out for deals with this company and flip them right away.

Please let me know if you have any questions on this.

Thanks
Stacey


Please see the attached Promotion Announcement for EGF Legal.  Thanks, Darlene