Rebecca:

Per our conversation, attached please find Clorox's blackline.  You should have Aparna's file including the credit worksheet.  Also, Aparna should have provided you wtih a copy of the ISDA boilerplate (let me know if you need this or anything else).  The credit issues we should focus on include:

(1)  request for cross acceleration [Part 1(b) page 1]
(2)  Cross Default amendment for operational issues [Part 1(b) page 1]
(3)  Credit Event Upon Merger:  use of "materially weaker" definition [Part 1(c) pages 1-2]
(4)  Additional Termination Events:  use of rating downgrade Part 1(i) pages 2-3]
(5)  Delivery of documents [see page 5 comments]
(6)  elimination of "non-reliance" representation [pages 7-8]
(7)  elimination of affiliate setoff [pages 8-9]
(8)  Change to definiton of "Credit Support Amount" [Annex A page 1]
(9)  complete change to Threshold and Independent Amount [Annex A pages 2-3]
(10) "Minimum Transfer Amount" from $0 to $500,000
(11) elimination of the MAC in Par. 13 to the Credit Support Annex [Annex A page 8]
(12)  Enron Corp. guaranty:  elimination of cap [see Enron Corp. guaranty]

I look forward to meeting with you on Wednesday.

Sara Shackleton
Enron Wholesale Services
1400 Smith Street, EB3801a
Houston, TX  77002
Ph:  (713) 853-5620
Fax: (713) 646-3490

-----Original Message-----
From: Bailey, Susan
Sent: Wednesday, October 17, 2001 2:56 PM
To: Shackleton, Sara
Cc: Cyprow, Jarrod
Subject: FW: Clorox comments

Sara,

Attached are Clorox's comments to our ISDA draft provided to them in April, 2001.

Jarrod Cyprow would like to schedule a meeting with you on Monday afternoon, October 22nd to discuss Clorox's comments.

Let me know if I may be of assistance.

Susan
-----Original Message-----
From: lori.pfaffmann@clorox.com [mailto:lori.pfaffmann@clorox.com]
Sent: Wednesday, October 17, 2001 12:28 PM
To: Bailey, Susan
Subject: Re: Clorox comments

Susan,
     Please let me know if this works.  It is a word document.
Lori(See attached file: Swap Agreement Comparison Document.DOC)

"Bailey, Susan" <Susan.Bailey@enron.com> on 10/17/2001 07:25:06 AM

To:   <lori.pfaffmann@clorox.com>
cc:

Subject:  Clorox comments

Lori,

Sorry for all the problems, but I am unable to open the attachment you
directed to Jarrod Cyprow.  Could you please try me again.

I look forward to your comments.

Cordially,
Susan S. Bailey
Enron North America Corp.
1400 Smith Street, Suite 3803A
Houston, Texas 77002
Phone: (713) 853-4737
Fax: (713) 646-3490
Email: Susan.Bailey@enron.com

**********************************************************************
This e-mail is the property of Enron Corp. and/or its relevant affiliate
and may contain confidential and privileged material for the sole use of
the intended recipient (s). Any review, use, distribution or disclosure by
others is strictly prohibited. If you are not the intended recipient (or
authorized to receive for the recipient), please contact the sender or
reply to Enron Corp. at enron.messaging.administration@enron.com and delete
all copies of the message. This e-mail (and any attachments hereto) are not
intended to be an offer (or an acceptance) and do not create or evidence a
binding and enforceable contract between Enron Corp. (or any of its
affiliates) and the intended recipient or any other party, and may not be
relied on by anyone as the basis of a contract by estoppel or otherwise.
Thank you.
**********************************************************************


I will take care of this.  Will give to David Jones or Robin Barbe to follow up on.

Thanks

Frank

 -----Original Message-----
From: 	Neal, Scott
Sent:	Wednesday, November 21, 2001 2:03 PM
To:	Vickers, Frank
Subject:	FW: natural gas inquiry

frank,

which originator should this go to?

 -----Original Message-----
From: 	Arnold, John
Sent:	Wednesday, November 21, 2001 8:16 AM
To:	Neal, Scott
Subject:	FW: natural gas inquiry

frank,

which originator should this go to?

 -----Original Message-----
From: 	Hochschild, Lenny
Sent:	Monday, November 19, 2001 8:29 AM
To:	Arnold, John
Subject:	FW: natural gas inquiry

Hey John -

You're the only guy I know in Nat Gas. Please forward this to the right person. Thanks.

Lenny

 -----Original Message-----
From: 	Brown, Ron X
Sent:	Tuesday, November 13, 2001 7:22 AM
To:	Hochschild, Lenny
Subject:	natural gas inquiry

Hi Lenny,

Don't know if you are involved in this area or not. I think maybe. Anyway, we have a refined lead contract with Hammond. The local buyer for Pottstown, PA is interested in getting information about natural gas for possible future use from ENRON. If you could contact him or direct him to the person that is in a position to help it would be appreciated.  His name is, Joe Stewartz E-MAIL address is jstewartz@hmndgroup.com
telephone number (610) 327-1400 Fax number (610) 327-1255

Thanking you in advance and hope all is well with you.

Regards,
Ron Brown


I am representing him.  I definately need some feedback/ranking before this
PRC meeting on July 19.

	From:  Kevin McGowan @ ENRON                           06/30/2000 02:23 PM

To: Scott Neal/HOU/ECT@ECT
cc:
Subject: John Massey

I think you may be representing this guy in PRC (associate).  Can I give you
feedback before your mtg?


Suzanne:
In case anyone asks you, we have decided to name the baby Charles Eugene.
carol


Listened in on the analyst call this morning.  Here are my notes.  Did not yet have a chance to organize them, so they're simply in chronological order.

The call began with Watson, Bergstrom, and Whalley reading from prepared statements.  Watson spoke for c. 10 minutes, Bergstrom for 5, and Whalley spoke for perhaps 30 seconds.  Dynegy management was noticeably in control of the call.  Enron executives spoke when questions were directed to them.

Specific points:
EES will be a part of the new company.
Enron assets will be revalued at closing.
The investment in Northern Natural takes the form of convertible preferred.  If the merger does not go through, Dynegy has the right to acquire Northern for 'very little' additional consideration.  If DYN terminates the merger and ENE 'has sufficient liquidity', ENE has right to repurchase the convertible preferred.
Debt/equity of combined company expected to be <45%.
Both companies will remain on RatingsWatch negative.
ChevronTexaco will hold 169MM shares out of a total 650MM shares of the post-merger entity.
Watson reiterates that going forward, the new entity will be run with a focus on transparent and clear financial structure and disclosure, with a significant reduction in on- and off-balance-sheet leverage.
In what was termed a "new approach", the new entity will be run with a focus on cash flow rather than earnings.
Rumors that Dynegy did the deal because of an unhedged exposure to Enron are not true.  Dynegy owed Enron <$50MM.
Lay says that Enron had other options, 'particularly financial'.
All of the discussion and activity has taken place over the last two weeks.
Lay acknowledges that the number for exposure to securities lawsuits may be 'pretty big', but that the companies feel they're able to appropriately value this exposure.
Lay says we have nothing else to hide, but internal investigation still under way.
Lay:  had the SPEs been capitalized with perhaps $30MM more of risk capital, there would have been no question that they would have qualified for off-balance-sheet treatment and there would have been no need to restate earnings last week to reflect consolidation of the SPEs.
Dynegy says that 'several' internal investigations continue at Enron, and thus DYN/ENE cannot say with certainty that there's absolutely nothing else out there.
Doty (Dynegy CFO) says that late last week, ENE had 'close to a billion' in cash.
Osprey will be unwound late next summer. Marlin will be unwound after closing.
Many of the off-balance-sheet structures, including the credit-linked notes, are expected to be unwound/redeemed or at least significantly reduced prior to closing.
With regard to ENE asset dispositions, these will be accelerated to the extent possible.  However, Doty says that 'our backs are not against the wall', and the company will continue to focus on getting value for its assets as well as cash.
ENE will renew its 364-day facility (believe this is the $3Bn facility that we drew down a couple of weeks ago) within the next 6-8 weeks.
BBB-flat most likely rating for combined entity, according to initial comments from ratings agencies.
McMahon says 'no comment' to WSJ article indicating that ENE's banks are preparing to make an equity infusion into ENE in the next few weeks.
Consolidation of trading activity: Mid- and back-office consolidation will see substantial progress prior to closing, such that only the front office / trading books will need to be combined at closing.  EES, NNG and TW have no real overlap with existing DYN activity, so there won't be much integration work required there.  The big integration effort will be ENA.
Watson says that the 'creative financing' surrounded non-core assets.  Doty adds that, 'frankly', DYN assigned zero economic value to non-core businesses in their valuation model.  They bracketed the maximum expected exposure from the non-core assets/businesses and left it at that.
Watson mentions that DYN would not have gotten involved with Enron had they not been approached by 'Enron's top three executives', who said that they thought a combination with Dynegy made the most strategic sense for both companies.  Says that their approach evidenced a  willingness to work with DYN to integrate the two companies that made a big difference in Dynegy's deliberations on proceeding with the merger.
Watson/Doty said that they're NOT 100% sure that no surprises remain in Enron's books--but that the risk/reward offered by the combination was compelling.
The deal does have material-adverse-change outs for Dynegy, covering any MAC regarding Enron's assets or businesses.  Dynegy's lawyers indicated that the MAC language was a 'blunt instrument' under which it would be difficult to bring a case, so Dynegy inserted a specific paragraph that gives Dynegy the right to terminate the merger if the Enron's total legal liability (from any source or cause of action) tops $3.5Bn prior to closing.
McMahon adds that there 'could' be more restatements, but he 'does not expect' there to be more restatements.
ENE international hard assets definitely on the asset disposition list.
The merger structure calls for a new entity to take over Enron.
Enron is planning to hold an Enron-specific conference call in the next few days, tentatively scheduled for Wednesday.
Initial reaction of ratings agencies 'very positive' to combined entities.
McMahon acknowledges that Enron would have had to have an additional equity infusion prior to year-end, had the merger not materialized.
Dynegy's earnings guidance places Enron-related earnings accretion at $0.90-0.95, which represents a '25% haircut' to Enron internal estimates.  Doty says that this is all operating earnings--figure does not include any amounts from expected synergies.
Doty says that both Enron and Dynegy's books, as far as he understands, are relatively short-term in weight, and this will continue to be the weighting of the new entity.  Says a 'very very substantial' portion of future trading earnings will be expected to be cash.
ChevronTexaco's investment in Dynegy was calculated at a 5% discount to public prices on the date of negotiation (not disclosed).  Given the runup in Dynegy stock last week, ChevronTexaco's investment is now at a 'more substantial' discount to market prices.  ChevronTexaco has provision to get 'different prices at closing if those prices are substantially better'.  (No further clarification given).
Whalley believes that 'we'll retain' the Enron traders and marketers. They're used to being part of a winning team, and the combined entity will definitely be a winner.  They have talked with most of the Enron business leaders, and they are 'very excited' by the combination.  They will be working with the Enron business leaders to ensure talent is retained.  Whalley was asked if there will be any key employee retention provisions.  He says that 'to the extent necessary, yes.'
Watson says that the trading strategy of the combined entity will be a combination of DYN and ENE--there will be more of an asset-backed trading focus, but by the same token the new Dynegy will be involved in much more financial market-making trading than the Dynegy of today.
Watson says that if there were to be any change in culture, he's a strong team player.  He does not want to see an individual do well if the company or division does not do well.

Give me a call if you'd like me to try to clarify any of these comments.

Patrick Tucker
x3-3055


Tom,

Stinson can give you info about West U. Shirley about catering,
Wew did it twice and it's a standard routine by now.

Vince

Tom Barkley@ENRON
04/11/2001 08:38 AM
To:	Vince J Kaminski/HOU/ECT@ECT
cc:
Subject:	Re: Spring Fever Volleyball Tournament - More Info

I'd be happy to, Vince.

Who should I speak to about making a booking, or is West U open to anyone who just shows up to play volleyball there? As for the lunch, is there a particular catering service or restaurant we order from? Would Shirley be able to give me these details?

Tom

Vince J Kaminski@ECT
04/11/2001 08:25 AM
To:	Tom Barkley/NA/Enron@ENRON
cc:

Subject:	Re: Spring Fever Volleyball Tournament - More Info

Tom,

We play as a group from time at the West U location.

Would you like to take lead and organize another outing.
Family members are invited and we order a BBQ lunch
following the game.

Vince

Tom Barkley@ENRON
04/10/2001 05:23 PM
To:	Vince J Kaminski/HOU/ECT@ECT, Shirley Crenshaw/HOU/ECT@ECT, Stinson Gibner/HOU/ECT@ECT, Vasant Shanbhogue/HOU/ECT@ECT, Mike A Roberts/HOU/ECT@ECT, Sandeep Kohli/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Joseph Hrgovcic/HOU/ECT@ECT, Tanya Tamarchenko/HOU/ECT@ECT, Zimin Lu/HOU/ECT@ECT, Maureen Raymond/HOU/ECT@ECT, Martin Lin/HOU/ECT@ECT, Osman Sezgen/HOU/EES@EES, Paulo Issler/HOU/ECT@ECT, Amitava Dhar/Corp/Enron@ENRON, Alex Huang/Corp/Enron@ENRON, Kevin G Moore/HOU/ECT@ECT, William Smith/Corp/Enron@ENRON, Jose Marquez/Corp/Enron@ENRON, Chonawee Supatgiat/Corp/Enron@Enron, Tom Halliburton/Corp/Enron@Enron, Elena Chilkina/Corp/Enron@Enron, Sevil Yaman/Corp/Enron@Enron, Sofya Tamarchenko/NA/Enron@Enron, Bob Lee/NA/Enron@Enron, Gwyn Koepke/NA/Enron@Enron, Hector Campos/HOU/ECT@ECT, Shirley Crenshaw/HOU/ECT@ECT, Youyi Feng/NA/Enron@Enron, Praveen Mellacheruvu/HOU/EES@EES, Stephen Bennett/NA/Enron@ENRON, Roman Zadorozhny/HOU/EES@EES, Lance Cunningham/NA/Enron@ENRON, Leann Walton/NA/Enron@ENRON, Shane Green/HOU/EES@EES, Seksan Kiatsupaibul/HOU/EES@EES, Kate Lucas/HOU/ECT@ECT, Nelson Neale/NA/Enron@Enron, Rabi De/NA/Enron@ENRON, Kenneth Parkhill/NA/Enron@ENRON, Jaesoo Lew/NA/Enron@ENRON, Jason Sokolov/HOU/ECT@ECT, Steve Bigalow/NA/Enron@Enron, Rakesh Bharati/NA/Enron@Enron, wnarongw@enron.com, iris.mack@enron.com, Mitra Mujica/ENRON@enronXgate, Anguel Grigorov/HOU/EES@EES, Kenneth Deng/HOU/EES@EES, Dayne Zimmerman/HOU/EES@EES, Shalesh Ganjoo/HOU/ECT@ECT
cc:
Subject:	Spring Fever Volleyball Tournament - More Info

The message below relates to a volleyball tournament that will be held at the end of the month. If you are interested in being part of a Research Group team, please let me know ASAP, so that we could form a team and even practice (!?) a time or two. I am told that most of the teams entered are in the "social" category - we would be going to have fun, not a serious competition! Please note also that the teams entered must be coed, so we need Ladies as well as Gents.

Thanks,

Tom

Subject:	Spring Fever Volleyball Tournament - More Info

What:		Enron Volleyball Association Spring Fever Outdoor Tournament

When:			April 28, 2001
			8:00am - 4:00pm

Where::		Third Coast Volleyball Club
			5652 Forney (1 block west of Hillcroft at Harwin)
			For directions, check out:  http://www.thirdcoastvolleyball.com/Map.htm

Format:		2 brackets - coed 4s and 6s - You can not play in both brackets
			50/50 Enron/non-Enron (at least 50% of your team must be Enron employees - includes family members & contractors)
			No exceptions to the 50/50 rule!

Coed 4s:		You must have at least 1 female player
			Minimum of 3 players per team

Coed 6s:		You must have at least 2 female players (if there are only 5 players, you need only 1 female)
			Minimum of 5 players per team

Registration:		Please submit the following information to me by April 25th:
Bracket (4s or 6s)
Team Name
Team Captain and contact info
Team roster (indicate Enron employees)

FEE:			$30 per team, regardless of bracket
			Fee can be paid on the day of the tournament

Captain Meetings:	There will be two captain meetings:  Thursday, April 12th at 3pm in EB9C1 and Monday, April 23rd at 3:30pm in EB9C1.
			More information regarding tournament rules will be available at these meetings.

Food and drinks will be provided.  Please feel free to pass this information on to anyone else interested.

Non-Enron players:	Please let me know if you're interested in playing and I can put you on a team commensurate with your skill level!

Call me if you have any questions!

Traci

<Embedded StdOleLink>
<Embedded StdOleLink>


EFF_DT PORTFOLIO_ID DOWN95
2/28/01  MANAGEMENT-COAL 0
2/28/01  MANAGEMENT-CRD 0
2/28/01  MANAGEMENT-GAS 854,693
2/28/01  MANAGEMENT-PWR 164,563
2/28/01  AGG-MANAGEMENT 964,254


For those of you who missed the ENW all-employee meeting on October 5th, a replay of the meeting is now available!

You can access the replay at http://enn.enron.com.  The replay is a little more than an hour long and will restart after completion.  Please click on the applicable link based on your location.

Thank you.

Greg Piper, Sally Beck and Mark Pickering


The request has been completed with all resources requested either completed
or rejected. You can view the details of the  request by clicking
http://itcapps.corp.enron.com/srrs/auth/emailLink.asp?ID=000000000021437&Page=
MyReq.


We would like to thank you for your time yesterday allowing us to make you
aware of the Buildscape initiative and potential opportunities for Enron,
Dow and Buildscape to partner and develop the web based services for the
residential building industry in NA that would lead to a tremendous market
offering for the users/customers of the web solution as well as the market
access and services that could be made available through this new business
entity.

The potential synergy of the Buildscape market rollout and web based
technology platform with the Enron capabilities and market making
functionality and Dow's position in the Building industry as a major
manufacturer/supplier would be a powerful combination and I would like to
recommend a follow up meeting to discuss the options around strategic
investment interests and alliance after you have had a chance to regroup
after yesterday's meetings. The possibilities exist today for Enron to join
Dow as a major investor/partner in Buildscape.

Rob, you mentioned that you will be visiting the NAHB show this weekend. Dow
and Buildscape are also participating and our VP for Building Products
Business - John Schaw who was on the original conference call will be there
as well and we would like to arrange a meeting between John and yourself. I
will ask his assistant Marcy Putt to try to contact you and see whether a
meeting can be setup possibly for Saturday.

Jeff,  James Mason and I were also pleased to meet with you to discuss
global market opportunities on a broader sense between Enron and Dow and we
will follow with a meeting between yourself and Pedro Reinhard( CFO) in
Midland at the earliest convenience.

I have attached the Buildscape presentation from yesterday for your review
and follow up to complement the documents previously sent.

 <<BuildscapeEnron.ppt>>

Best Regards,

Carlo
Carlo Guarino
Global Development Director
Dow Growth Center

Office  (517) 636-0860 / Mobile (313)655-7553
Fax      (517) 636-1453
Internet address: CGuarino@dow.com

 - BuildscapeEnron.ppt


So far this quarter we've spend about 18 million on a reserve that Randy Petersen/Credit are making us take on an option we have associated with the MTBE project.  In essence, Randy P doesn't understand how we trade options at Enron, and I'll be having a conversation with Rick about this.  We've spent almost 5 million in getting out of physical positions since no one will buy from or sell to us.  We can't manage the physical positions and obligations we have since there is no money available to the crude group (to purchase physical or post LC's in the case of a sale).  Wev'e also spent about 10+ million closing down books and getting out of positions as the market gives us the chance.  More than half the books have been closed and we will close/consolidate four more tonight.  As you know, getting out of any positions costs money, and the market smells blood.

Because the crude and products markets have been moving significantly recently, we can't manage our options position by getting out of them.  Again, nobody will buy from us or sell options to us, so we have to try to neg. gamma trade it.

That is the 30 second version of the cluster I'm trying to close, hope it helps.

So, can we change the severance program as I've outlined?

 -----Original Message-----
From: 	Fallon, Jim
Sent:	Tuesday, November 20, 2001 1:19 PM
To:	Shankman, Jeffrey A.
Subject:	RE:

Mike said in the budget meeting that it bleeds every day and we cannot get off of it - I did not understand what that meant.

 -----Original Message-----
From: 	Shankman, Jeffrey A.
Sent:	Tuesday, November 20, 2001 1:17 PM
To:	Fallon, Jim
Subject:	RE:

what do you mean?

 -----Original Message-----
From: 	Fallon, Jim
Sent:	Tuesday, November 20, 2001 1:15 PM
To:	Shankman, Jeffrey A.
Subject:	RE:

What is going with the crude position?

 -----Original Message-----
From: 	Shankman, Jeffrey A.
Sent:	Tuesday, November 20, 2001 1:01 PM
To:	Joyce, Mary; Fallon, Jim
Cc:	Oxley, David; Whalley, Greg
Subject:

As you guys go through working up a severance program, I started thinking about some equity issues.  If the average tenure of an employee at Enron is about 3 years, why not come up with 2 plans--1 for long serving employees who have been long dedicated to the company, and a second one for the more recently hired?  It doesnt' make sense to me that someone who has been here under a year at $100,000 base should be entitled to 11 weeks even before they sign the waiver.  I would also not change the program in whatever form you ultimately settle on for the longer serving employees, rather just scale back the program for the newer employees.

Regards,

Jeff


http://www.consultrci.com

************************************************************************
Editor's Note:

Dear IssueAlert Subscriber,

Now you can get SCIENTECH's exciting, new electric industry e-zine, SourceBook
Weekly. We are pleased to bring you six to seven articles per week written
by our industry experts.

Anyone can push news.  We analyze it for you. We bring you the latest
technological
as well as international and regulatory developments in the electric industry.
Then we tell you how these developments will affect you today and in the
months to come.

Visit http://www.consultrci.com/web/rciweb.nsf/Web+Pages/SBEntrance.html
and download a free sample of SourceBook Weekly.

All registrants who subscribe to SourceBook Weekly before December 31 will
receive a $70 discount off the list price of $495.

Sincerely,

Bob Bellemare
Vice-President
Utility Services
************************************************************************

===============================================================
SCIENTECH IssueAlert, December 4, 2000
AES Expands Into South American Hotbed Columbia
By: Susan Kellogg, Issues Analyst
===============================================================

AES Corporation announced further international expansion through its
acquisition
of KMR Power Corporation ("KMR"), a privately owned electric power plant
developer and operator in Colombia, South America. KMR has controlling
interest in three natural gas-fired power plants having a total capacity
of approximately 600 MW.  AES will be acquiring two of the three natural
gas-fired power plants located in Cartagena  through a 100% interest in
the 314 MW TermoCandelaria power plant and a 62% interest in the 90 MW
Mamonal plant.

ANALYSIS: AES continues its "non-strategy" of acquisitions in the purchase
of KMR. In a recent interview with Dennis Bakke, AES CEO, I asked him several
times about AES "strategic plans," to which he answered, "We don't have
(one)."  Ideas often flow from the bottom up in the mega-power company
due to its decentralized structure.  Decisions are made in response to
a unique company mission which is "to serve the world and steward its
resources,
making clean, safe, reliable electricity available."

So why venture into Colombia, a hotbed of political and social upheaval
with an uncertain business environment? A risky business by many energy
companies' standards.  But AES has created a dramatic international network
guided not essentially by the almighty dollar, according to Bakke. "We'll
go anywhere we are needed, or wanted, and can live our values and principles."

So, given its unique company policies and experience in South and Central
America, KMR is a prime target. AES is perhaps the most suited to successfully
penetrate the dictatorial climate of Colombia and spark a change as they
do what they do best * buy, command and redirect electric service from
that monopoly into a clean, reliable and democratically supported power
service.

AES has made headlines throughout the year 2000 with its continuing list
of acquisitions and development in countries including Chile, Bolivia,
Argentina, Dominican Republic, El Salvador, England, Tanzania, Venezuela,
Puerto Rico, Brazil, Bulgaria, Republic of Georgia, and most recently,
Oman.

The acquisition of the Venezuelan utility C.A. La Electricidad de Caracas
(EDC) captured the headlines for several months earlier this year. AES
was involved in what was billed as a "hostile takeover," in a process that
intrigued the energy community.

AES purchased approximately 35,529,500 American Depository Shares (ADSs)
- including ADS's subject to guaranteed deliveries, representing approximately
49% of the outstanding shares. Dennis W. Bakke commended the Comision Nacional
de Valores, the Venezuelan Securities and Exchange Commission, on its final
action to allow AES to extend its offer after several stressful attempts
to close the deal.  But Bakke said the action would send a strong positive
signal for foreign investment in Venezuela.

"We were hoping to serve that country and we thought we could do a lot
better job than was being done by EDC. We didn't give a second thought
about controversy. We knew this was the right thing to do."

Bakke maintains that Venezuela has been run by a handful of very wealthy
and powerful families for many years. AES has the clout, the money and
the mission to go in, shake things up and, in line with AES' goals,  "to
create a stronger economy, a more competitive society." The strategy in
Colombia appears to continue that focus in South America.

"We've made a lot of changes (in the company) and it's not only going to
change Venezuela, but I think it will make a big difference in the neighboring
states as well."

Bakke is irrepressibly enthusiastic about the AES mission, although admitting
that maintaining its lofty principles is a challenge.

"(Our position and principles) seem to always be under attack," said Bakke.
"I know of no other corporation in the world of any significance that sees
its role in the world the way we do. But, our purpose has grown over the
years and actually deepened as we've expanded further and further into
the world."

AES has had another winning year. A world leader in generation, its value
has doubled in the past year,  Generating assets include one hundred and
twenty-five facilities totaling over 44,000 MW of capacity world wide.

Can it continue balancing the tightrope of economic growth and philanthropic
philosophy? So far, AES seems to have been "touched by an angel" in its
endeavors into areas where "others fear to tread."

For the complete interview with Dennis Bakke, see current PowerHitters
feature: http://www.consultrci.com/web/infostore.nsf/Products/PowerHitter

************************************************************************
SourceBook Weekly December 4, 2000 Issue:
http://www.consultrci.com/web/rciweb.nsf/Web+Pages/SBEntrance.html

************************************************************************
MISO: What Is the Future of the Midwestern Transmission Grid?
By Susan Kellogg

The Midwest Independent Transmission System Operator (MISO) has been in
a state of flux as of late, as its expansion efforts have taken some dramatic
turns with major players announcing to withdraw from membership.

http://www.consultrci.com/web/rciweb.nsf/Web+Pages/SBEntrance.html
************************************************************************
FERC Under Fire:
California IOUs Respond to Proposed Order with Sharp Criticism
By Stephanie Hainsfurther

The Federal Energy Regulatory Commission's (FERC's) concession that the
market rules and structure for wholesale of electricity in California are
"flawed" resulted in a 77-page proposal early in November to repair the
situation. The reaction from California's three investor-owned utilities
(IOUs) was immediate and overwhelmingly critical.

http://www.consultrci.com/web/rciweb.nsf/Web+Pages/SBEntrance.html
************************************************************************
Essential.com Partners with Shell:
Alliance May Provide Edge Over Utility.com
By Stephanie Hainsfurther

In a small step forward for its Internet energy services, Essential.com
has partnered up with Shell Energy to offer a lower-cost natural-gas choice
to customers of Atlanta Gas Light. It appears that both companies will
benefit immensely from the partnership, but in very different ways.

http://www.consultrci.com/web/rciweb.nsf/Web+Pages/SBEntrance.html
************************************************************************
Allegheny Energy:
Forging Ahead in Generation Deal with Enron
By Rosalie Rayburn

Allegheny Energy's recently announced purchase of three gas-fired merchant
plants from Enron North America reaffirms its strategy of expanding its
geographic footprint and strengthening its unregulated generation capability.
From Enron's point of view, the sale confirms its stated policy of pursuing
"contractual" rather than "physical" assets.

http://www.consultrci.com/web/rciweb.nsf/Web+Pages/SBEntrance.html
************************************************************************
Energy Privatization in Mexico:
The Future Rests in the Hands of a New Administration By Susan Kellogg

Energy privatization and the future of electric supply and demand are issues
to be dealt with by Mexico's new president, Vicente Fox, as took over the
helm of the country on Dec. 1.

http://www.consultrci.com/web/rciweb.nsf/Web+Pages/SBEntrance.html
************************************************************************
Williams Communications Continues Spin-Off Trend
By Will McNamara

Williams is planning a spin-off of its Williams Communications (NYSE: WCG)
subsidiary, which should take effect the first part of next year.

http://www.consultrci.com/web/rciweb.nsf/Web+Pages/SBEntrance.html
************************************************************************

SCIENTECH is pleased to provide you with your free, daily IssueAlert. Let
us know if we can help you with in-depth analyses or any other SCIENTECH
information products. If you would like to refer a colleague to receive
our free, daily IssueAlerts, please reply to this email and include their
full name and email address or register directly at:

http://www.consultrci.com/web/infostore.nsf/Products/IssueAlert

Sincerely,

Will McNamara
Director, Electric Industry Analysis
wmcnamara@scientech.com
===============================================================
Feedback regarding SCIENTECH's IssueAlert and SourceBook Weekly should
be sent to wmcnamara@scientech.com
===============================================================

SCIENTECH's IssueAlerts are compiled based on independent analysis by
SCIENTECH
consultants.  The opinions expressed in SCIENTECH's IssueAlerts are not
intended to predict financial performance of companies discussed or to
be the basis for investment decisions of any kind.  SCIENTECH's sole purpose
in publishing its IssueAlerts is to offer an independent perspective regarding
the key events occurring in the energy industry, based on its long-standing
reputation as an expert on energy and telecommunications issues.

Copyright 2000.  SCIENTECH, Inc.

If you do not wish to receive any further IssueAlerts from SCIENTECH, please
reply to this message and type "delete" in the subject line.


This slipped thru the cracks- are we still going to do? Did you do it
already? Rick


I had a meeting with Dan Pribble and Barney Brasher this morning reviewing the current status of the TW Operation forecast.  It appears, at this point in time, that we have been able to clear up and cover all the unplanned expenditures, except for a remaining stretch of approximately $1,000,000.   We are working with all entities within ETS Operations on NNG and TW to find ways and means to cover this remaining stretch between the two companies (TW) and (NNG) during the month of December.

Since late October, Barney and his team have uncovered expenses on TW in the amount of approximately $3 million that was not covered in the Fourth Quarter forecast.   We have cleaned up all but the remaining $1 million.

Dan and Barney have both held meetings face to face with the parties involved in forecasting, or lack of it, and are implementing corrective actions.

We really appreciate the massive effort all personnel are taking to help alleviate this situation and we within OSS have implemented tighter controls and reviews on all the Business Units.   We will initiate weekly flash reviews and monitor closely the processing of all expense invoices during the month of December.  If you have any futher insights of means to relieve this situation, please advise.

Morris


I could not open up the attachment but I could view it.

The locations I need are:

ANR SE
ANR HIOS
ANR transmission
ANR Gathered
ANR Offshore
ANR Gathering
HIOS LA offshore
HIOS TX offshore
NGPL LA supply
NGPL Louisiana
NGPL South Texas
TRKL East LA
TRKL TAB1
TRKL TAB2

Thanks,

Tom Donohoe


-----Original Message-----
From: 	"John Gualy" <jgualy@eagleglobal.com>@ENRON
Sent:	Friday, October 26, 2001 10:33 AM
To:	Gualy, Jaime
Subject:	FW: Comments on the Status of ENE ($16/sh).

--------------- Authored by: Jeff Dietert ----------------
OUR VIEW:  ENE is down huge (-80% for the year, and trading at only
7.5xFY02) and its hard to imagine more confusion associated with the stock.
More pressure is likely today on the news of S&P revising its long-term
ratings outlook to negative (based on the decline in market capitalization)
and ENE's additional draw on its credit facilities (which does not change
its net debt, but prevents banks from denying access to its liquidity in
the event that the rating agencies do downgrade its credit rating, which
could break covenants and restrict liquidity).  We believe the major issues
are: 1) management's ability to regain the confidence of the street and
persuade investors that it can restore balance sheet strength and generate
the expected earnings and cash flow,  2) ENE must maintain its investment
grade credit rating, 3) ENE must successfully execute its divestiture
plans, and 4) ENE must control the timing of the recognition of the
write-down in the value of any assets whose market value is less than book.

IF ENE management does not step-up to calm investor fears, these fears
could become a self fulfilling prophecy.  In the potentially vicious cycle,
investor fears could drive the stock down, the lower stock prices force the
rating agencies to consider downgrades, potentially lower credit ratings
force counter-parties to reduce exposure with ENE, limiting ENE's to
generate earnings and cash flow.  Thus we see a big incentive for ENE to
clarify the issues.  We expect ENE to put together a more complete
explanation of the major issues over the next few days in order to
stabilize the stock.   If/when ENE schedules a conference call or road
show, we would consider this a bullish sign.  Absent further clarification,
the stock is likely to continue to be weak.   Our gut feel is that ENE can
pull it off and that long-term investors should hold firm, as eventually
the stock gets valued on earnings (with upside potential to $25+/sh over
the next 12 to 18 month period), rather than break-up value ($16/sh-see
below).  We believe new money (with high risk tolerance!) should wait until
ENE announces its intentions for communicating a clear path to recovery.

ENE's VIEW:  ENE has stated that it has reviewed its asset base with Arthur
Anderson and that no additional asset impairments are required other than
an approximate $200 MM charge expected in 1Q02 due to an accounting change.
With no further asset write-downs, and roughly $890 MM in asset
divestitures ($390 MM India E&P, $250 MM Puerto Rico power plant, and $250
MM Brazilian power plant) in 4Q01, ENE's D/TC ratio is likely to decline
from 50% at the end of 3Q01 to roughly 48% at the end of the year.  After
the close of the Portland General divestiture, expected by year-end 2002,
we expect its D/TC to fall below 45% (we are projecting FCF to be
break-even in FY02).  We estimate that ENE's interest coverage at the end
of 3Q01 is 3.5x.  ENE is currently rated BBB+ by S&P and Baa1 by Moodys,
and would need to decline 3 ratings to fall below investment grade.  For
comparison purposes, S&P's BBB median D/TC is 47.4% and EBITDA/Int. Exp.
coverage is 6.1x, while BB (non-investment grade) median D/TC is 61.3% and
interest coverage is 3.8x.

IMPORTANCE OF ENE's INVESTMENT GRADE CREDIT RATING:  We believe that ENE's
Wholesale segments, which generates 80% of its EBIT, would be
noncompetitive if the credit rating falls below investment grade.  In
addition, a decline in credit rating below investment grade would trigger
the issuance of 50 MM shares of common stock and $1 B in convertible
preferred stock associated with ENE's off-balance sheet structured
financing vehicles.  We believe ENE will do what ever it can to maintain an

investment grade rating.  Moodys has its BBB+ rating under review for a
possible downgrade.   Last night S&P revised its long-term ratings outlook
to negative due to concerns that the significant drop in market
capitalization in the past week has adversely affected the company's
financial flexibility and could impede its ability to pursue plans to
rebuild its balance sheet.

BREAK-UP VALUE:  We believe ENE 's Wholesale America ($2.7 B in TTM
EBITDA), Wholesale Europe ($900 MM) and Retail ($450 MM) segments are
conservatively worth a 4x multiple (recent multiples have been higher, but
we are discounting due to limited buying interest) or $16.2 B.  The Gas
Pipeline segment ($820 MM) and Global Assets ($200 MM) valued at a 6x
multiple are worth $6.1 B.  PGE valued at the divestiture price is $2.9 B.
Total asset value is conservatively $25 B, vs. debt of $13 B, leaving $12 B
or $16/sh for equity investors in a break-up scenario.  The challenge is,
if ENE loses its investment grade rating, the value ($16.2 B) of its
Wholesale and Retail segments would be materially compromised--leaving
little for equity investors.

POTENTIAL FOR ADDITIONAL ASSET IMPAIRMENTS:  ENE's Global Assets portfolio
includes assets with $6 B in book value (ENE's total gross PP&E is $14 B)
that has generated an EBIT loss of $18 MM (EBITDA of +$168 MM) over the
last 12-month period (4Q00 to 3Q01).  The Global Assets portfolio includes
Elektro (an electric utility in Brazil), Dabhol (power plant in India), TGS
(a natural gas pipeline in Argentina), Azurix and Enron Wind operations.
These assets seem ripe for a write-down although the company argues that it
has reviewed them with Arthur Anderson recently and that the assets are not
impaired.  ENE will have to continue to convince Anderson that the value of
these assets has not been impaired.  The write-down of these assets would
reduce shareholder equity and ENE's D/TC, threatening its credit rating.
It is not clear that ENE put all its under-performing assets in the Global
Assets portfolio.  There could be other poor performing assets in other
segments that are hidden by strong performance in its Wholesale business.

ADDITIONAL DATA POINTS:  ENE's counter-parties seem to be supportive and
have not indicated any change in business activity.  EnronOnline trading
volume was slightly above average yesterday.  Some energy traders have
bought ENE in their personal accounts, convinced that ENE core marketing
business is strong and the belief that the equity markets have
over-reacted.  Lots of ENE corporate finance people are working late nights
solidifying ENE's financial strategy (hopefully for a more complete
discussion with the street?).

THE SEC INQUIRY:  We believe ENE has an extensive paper trail from its
attorneys and accountants that will clear them of any legal problems with
the SEC associated with the LJM partnerships in which CFO Andy Fastow
participated.  We do not expect the SEC to find any legal
wrong-doing--although this doesn't mean that they won't express qualitative
concern over the appearance of the transactions.

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

This e-mail is based on information obtained from sources which Simmons &
Company International believes to be reliable, but Simmons & Company
International does not represent or warrant its accuracy.  The opinions and
estimates contained in this e-mail represent the views of Simmons & Company
as of the date of the e-mail, and may be subject to change without prior
notice.  Simmons & Company International, its partners and/or employees may
have positions in the securities discussed.  Simmons & Company
International may make a market in the securities discussed and may have
served as a financial advisor and/or underwriter to companies discussed.
Simmons & Company International will not be responsible for the consequence
of reliance upon any opinion or statement contained in this e-mail.  This
e-mail is confidential, and may not be reproduced,  in whole or in part,
without the prior written permission of Simmons & Company International.


Per my discussions with Leslie Hansen and Dave Forster, please restrict
Australian based counterparties from trading US physical power on a going
forward basis.  To the best of our knowledge, no Australian based
counterparty has been granted a FERC license to trade physical US power.
This situation, of course, can change if a counterparty were to provide us
evidence of their FERC licensing.


jennifer-gillaspie@reliantenergy.com


<http://www.match.com/>
more matches for you from Venus

Looking for someone to snuggle with this yuletide season? Well look no
further! I've hand selected these 10 matches below with you in mind.

      Happy Holidays! Venus

Susan4041
<http://www.match.com/venus/showprofile.asp?userid=43464647454F4B&Tracki
ngID=65685&BannerID=333333&Supmsg=1>    Check out my photo!
<http://www.match.com/venus/showprofile.asp?userid=43464647454F4B&Tracki
ngID=65685&BannerID=333333&Supmsg=1>
Where have all the good guys gone??
I guess that I am looking for the same thing many others are: someone
who you share the same interests with. It would be nice to have someone
that could enjoy what you have to offer and can bring into a
realtionship. Activities can be new and exciting for
( Golden, CO, US )

StealthBabe
<http://www.match.com/venus/showprofile.asp?userid=4849464B464647&Tracki
ngID=65685&BannerID=333333&Supmsg=1>    Check out my photo!
<http://www.match.com/venus/showprofile.asp?userid=4849464B464647&Tracki
ngID=65685&BannerID=333333&Supmsg=1>
Are all the good men REALLY already taken?
I sometimes think I'm a walking contradiction: I'm feminine but like
being "one of the guys", cynical but trusting, opinionated but
accepting, set in my ways but adaptable, shy but outgoing. I've been
told I'm very "real" -- what you see is what you get.
( Denver, CO, US )

FavreFan1
<http://www.match.com/venus/showprofile.asp?userid=4949444B494948&Tracki
ngID=65685&BannerID=333333&Supmsg=1>    Check out my photo!
<http://www.match.com/venus/showprofile.asp?userid=4949444B494948&Tracki
ngID=65685&BannerID=333333&Supmsg=1>
Simply An Angel
The celebrity people say I resemble:I'm just me I guess. My favorite
quote or personal thought you'd like to share:Friends are Angels who
lift us to our feet when our wings have trouble remembering how to fly.
What I like to do:Movies, dining out, doing a
( Denver, CO, US )

fionacho
<http://www.match.com/venus/showprofile.asp?userid=494A4745484A4B&Tracki
ngID=65685&BannerID=333333&Supmsg=1>    Check out my photo!
<http://www.match.com/venus/showprofile.asp?userid=494A4745484A4B&Tracki
ngID=65685&BannerID=333333&Supmsg=1>
Professional Black lady!
What do I say? I'm a workaholic professional that dosn't have time for a
social life. (I'm willing to cut down the hours to spend time with the
right person.) I'm looking for a gentleman that knows how to treat a
lady. (If you know your way around in the
( Denver, CO, US )

lsbl00
<http://www.match.com/venus/showprofile.asp?userid=494A4C4A4E4D49&Tracki
ngID=65685&BannerID=333333&Supmsg=1>    Check out my photo!
<http://www.match.com/venus/showprofile.asp?userid=494A4C4A4E4D49&Tracki
ngID=65685&BannerID=333333&Supmsg=1>
Great girl right here!..I hope..
Hi guys, I am a single girl that wants to find that one to be with for a
long time. I want a long lasting relationship with many possibilities. I
am just your average girl. I am sincere and caring. I am financially
secure with a good job. I enjoy my job a
( Denver, CO, US )

cookiemonster8
<http://www.match.com/venus/showprofile.asp?userid=494B484A4A4D47&Tracki
ngID=65685&BannerID=333333&Supmsg=1>
Swingin' single in the midst of married folk
I grew up in Southern California and have a true love for water and
water sports. I learned to scuba dive two years ago and will waterski at
any available opportunity. I vacation in Tahoe every year and look
forward to freezing in the lake every morning t
( Littleton, CO, US )

tricia67
<http://www.match.com/venus/showprofile.asp?userid=4A4244444E4C4E&Tracki
ngID=65685&BannerID=333333&Supmsg=1>
Not just mom will love me!
This fun, adventurous lady has a passion for life, work, family, and
friends. I give my all to the people I care about. Work is not
everything in life. I believe that what is on the inside is most
important. I find myself attracted to men who can treat me
( Arvada, CO, US )

travelinkel
<http://www.match.com/venus/showprofile.asp?userid=494A49494C4A49&Tracki
ngID=65685&BannerID=333333&Supmsg=1>
Adventure Seeker Seeking New Thrill
I am an outdoor enthusiast and love to hike, mountain bike, rollerblade,
run, golf, tennis and anything else that will get me outdoors in the
fresh air. I have my own horse and am a competitive Show Jumper. I have
always believed if there wasn't a winner
( Denver, CO, US )

JUSSHA
<http://www.match.com/venus/showprofile.asp?userid=4949464D4D4C48&Tracki
ngID=65685&BannerID=333333&Supmsg=1>
fun adventurous female, seeks fun guy
I am a single mom of a 4 year old little princess. I am 5'5 with blonde
hair and green eyes, I am very outgoing and a big flirt. I like to ski
and I like the outdoors. I also like spending quality time with my
daughter. I'm looking for someone to spend qu
( Denver, CO, US )

deborahkay29
<http://www.match.com/venus/showprofile.asp?userid=494947484C494C&Tracki
ngID=65685&BannerID=333333&Supmsg=1>
Single for the first time in 14 years, ready to look
For starters, I am new to the single life and am looking for
companionship. I do have children, they mean everything to me. I love
baseball and hockey, actually just about any sport. My son plays hockey
so he keeps me very busy. I am certain there is a ma
( Englewood, CO, US )

Log in to see even more matches! <http://www.match.com/>

P.S. Not getting the matches you want? Edit the About My Match
<http://www.match.com/profile/profile.asp?supmsg=1


In light of today's events, The Travel Agency in the Park will remain open 24 hours with a dedicated emergency staff.  If you need travel assistance, please call 713 650-8080 or 800 962-0248.


Vince, thank you so much for speaking to the Houston Energy Group credit
managers this week.  I know you are very busy and I sincerely appreciate
your taking the time to meet with us.

Gayle C. Hayter
Credit Risk Management
Natural Gas and Power
Phone: 281 293 3594
Fax: 281 293 6947


Just a note to let you know that CBS SportLine.com's Fantasy
Basketball 2001 and Basketball Commissioner are both on-line.

FANTASY BASKETBALL 2001 - Presented by Honda
http://www.sportsline.com/links/6/1/87/fantasybbNUM2102301.cgi
* The best game for those looking to join a league and
  compete for great prizes.
* Stats and standings updated daily; reports available
  via e-mail or wireless.
* Each team gets a private web site, including tons of
  scouting reports and fantasy analysis.
* This year, $150 goes to the champion of every Fantasy
  Basketball GOLD league.

BASKETBALL COMMISSIONER - Presented by Honda
http://www.sportsline.com/links/6/1/87/fantasybb102301.cgi
* The best league management and stats service to run
  an existing league, or start a private league on-line.
* You make all the rules for scoring, drafting, playoffs,
  prizes and more.
* We calculate all the stats and standings for you.
* We give you all the tools you need, including tons of
  statistics, scouting reports and analysis.
* Enjoy great perks with Commissioner GOLD

---------------------------------------------------------------------
This message has been provided free of charge and free of obligation.
If you prefer not to receive emails of this nature please send an
email to remove@commissioner.com.  Do not respond to this email
directly.

This message was sent to: jane.m.tholt@enron.com
---------------------------------------------------------------------


I appreciate your concern about the lack of timing, but this one went from 0-60 in 5 secs flat as their board meeting is this Wednesday and they have it only once a month.  I will def. be more sensitive to allowing some more lead time going forward.

Blue Ridge is a Coop which consists of the members listed below.  I believe we can sign one CA which binds Blue Ridge and all its affiliates, but when it comes to signing final deal documents, we'd have to do it via individual towns.

Regards,
- R

 -----Original Message-----
From: 	Mann, Kay
Sent:	Monday, October 22, 2001 12:30 PM
To:	Carnahan, Kathleen
Cc:	Jafry, Rahil
Subject:	RE: CA for Blue Ridge

I'm in, but with lots going on.

What is the Blue Ridge Power Agency, as in what type of legal entity is it?  It sounds like it isn't one, if we would be signing CA's with each member.  Sounds like we may need CA's for each one of them.

Rahil, it would be very helpful if you could give us a bit more lead time next time around.  We want to do the best job possible for you!

Thanks,

Kay

 -----Original Message-----
From: 	Carnahan, Kathleen
Sent:	Monday, October 22, 2001 11:59 AM
To:	Mann, Kay
Subject:	FW: CA for Blue Ridge
Importance:	High

Rahil needs this by tomorrow.  Are you in today?

Kathleen

 -----Original Message-----
From: 	Jafry, Rahil
Sent:	Monday, October 22, 2001 10:55 AM
To:	Carnahan, Kathleen
Cc:	Emmons, Suzette
Subject:	CA for Blue Ridge
Importance:	High

Kathleen,

As discussed, here're the details surrounding our deal discussions with Blue Ridge Power Agency.  To date, we've had a preliminary meeting with them, in which they expressed interest in Enron serving their Members' load on an "All Requirements" basis (similar to our potential deal with CVEC).  Blue Ridge Members are:

Cities of Bedford, Bristol, Danville, Martinsville, Radford, Salem
Towns of Richlands, Virginia Tech
Central Virginia Co-Op (CVEC) & Craig-Botetourt Electric Co-Op

Following our meeting with Blue Ridge, they have sent us some load data and have chatted with us re. the types of deal-structures they would prefer.  We are expected to provide them with an indicative feedback on potential structures and prices by tomorrow (10/23/01).

Ideally, I'd like for the information we provide them (and hence to their consultants and their members) to be protected by the CA.  As and when a deal comes to fruition, we will probably be signing contracts with each one of the members individually.

Thanks again for your help.  Feel free to give me a call if you have any further questions.

Regards,
Rahil
Ext. 3-3206

Name/Address:
Blue Ridge Power Agency
5656 US Hwy. 29,
Suite B-1,
Blairs, VA 24527
USA

Phone:
(434) 836-8375

Representative Name:
Duane Dahlquist
General Manager

Term of Confidentiality:
October 22, 2001 - October 21, 2002 (or, other standard timelines)

Potential Deal Structure:
Enron will sell to the members of Blue Ridge, firm, fixed price energy to meet its load obligation.  Energy will be delivered at the Borders of AEP, Cinergy, and VEPCO systems, and Blue Ridge's existing transmission agreements will be used to deliver the energy.

Enron will be responsible for all the ancillary and load following services
Enron will be charging a fixed price per MWh to reflect the energy and services provided to Blue Ridge
Enron will have access to Blue Ridge's peak-shaving and demand side resources to serve Blue Ridge's load


Did you know that the mangers had a catered lunch to discuss the low moral of
our group -- I find this pretty interesting!

Susan


I am sending you a letter from their atty. Call me to discuss.

	Cheryl Marshall
	11/27/2000 10:25 AM

		 To: Ann Elizabeth White/HOU/ECT@ECT, Richard B Sanders/HOU/ECT@ECT
		 cc: Joanie H Ngo/HOU/ECT@ECT, Steve HPL Schneider/HOU/ECT@ECT
		 Subject: Shanghai

As of today, we have not received payment in full as requested in Richard
Sanders' letter dated November 16, 2000.  We did receive a payment for
$3,202.61 on 11-20-2000.  Richard - please let me know what we need to do
next to file suit.


I will pay you Monday,  but please remind me if I forget.  Thanks.

	Enron North America Corp.

	From:  Kimberly Brown                           08/04/2000 09:27 AM

To: Scott Neal/HOU/ECT@ECT, Jared Kaiser/HOU/ECT@ECT, Sandra F
Brawner/HOU/ECT@ECT, Dick Jenkins/HOU/ECT@ECT, Brad McKay/HOU/ECT@ECT, Scott
Hendrickson/HOU/ECT@ECT, Sarah Mulholland/HOU/ECT@ECT, Andrea
Ring/HOU/ECT@ECT, Susan W Pereira/HOU/ECT@ECT, Dan Junek/HOU/ECT@ECT, Chris
Germany/HOU/ECT@ECT, Judy Townsend/HOU/ECT@ECT, Robin Barbe/HOU/ECT@ECT,
Tammi DaPaolis/Corp/Enron@ENRON, Colleen Sullivan/HOU/ECT@ECT, Farzad
Farhangnia/HOU/ECT@ECT, John Craig Taylor/HOU/ECT@ECT, Scott
Goodell/Corp/Enron@ENRON, Clarissa Garcia/HOU/ECT@ECT, Victoria
Versen/HOU/ECT@ECT, Meredith Mitchell/HOU/ECT@ECT, Beverly Beaty/HOU/ECT@ECT,
Molly Sumrow/HOU/ECT@ECT, Alvin Thompson/Corp/Enron@Enron, Victor
Lamadrid/HOU/ECT@ECT, Edward Terry/HOU/ECT@ECT, Tricia Bowen/HOU/ECT@ECT,
Steve Gillespie/Corp/Enron@ENRON, Joe A Casas/HOU/ECT@ECT, Christina
Sanchez/Corp/Enron@ENRON, Joann Collins/Corp/Enron@ENRON, Angie
Zeman/Corp/Enron@ENRON, Jesse Villarreal/HOU/ECT@ECT, Sabra L
Dinari/HOU/ECT@ECT, Scott Loving/NA/Enron@ENRON, Robert Allwein/HOU/ECT@ECT,
Patrice L Mims/HOU/ECT@ECT, Kelli Stevens/HOU/ECT@ECT, Sylvia S
Pollan/HOU/ECT@ECT, Lisa Kinsey/HOU/ECT@ECT, Hunter S Shively/HOU/ECT@ECT,
Fletcher J Sturm/HOU/ECT@ECT, Tom Donohoe/HOU/ECT@ECT, Andrew H
Lewis/HOU/ECT@ECT, Felecia Russell/Corp/Enron@ENRON, Joe
Parks/Corp/Enron@ENRON, Jason Williams/HOU/ECT@ECT, Katherine L
Kelly/HOU/ECT@ECT, Ruth Concannon/HOU/ECT@ECT, Martin Cuilla/HOU/ECT@ECT,
Xochitl-Alexis Velasco/HOU/ECT@ECT, Airam Arteaga/HOU/ECT@ECT, Lucy
Marshall/Enron Communications@Enron Communications
cc:
Subject: Kate's Baby Shower****

I forgot to include the date..... August 18 at 3:00 in EB32C2.

The East Desk will be hosting a baby shower for Kate and Mike Fraser,
celebrating their anticipated arrival of twins(a boy and a girl)!!!!!!  I
will be collecting $20 or whatever you would like to give for a gift.  As
always this is not mandatory.  You can bring your donation to my desk
anytime.

Thanks

Kimberly


Stevens-

I just spoke to Stacy Dickson and she confirmed that the contract was mailed
out a week ago.  She will e-mail it to Molly and mail it again regular mail.
Sorry for the delay.

Susan


This warning is sent automatically to inform you that your mailbox is approaching the maximum size limit.
Your mailbox size is currently 98454 KB.

Mailbox size limits:

	When your mailbox reaches 75000 KB you will receive this message.To check the size of your mailbox:

  Right-click the mailbox (Outlook Today),
  Select Properties and click the Folder Size button.
  This method can be used on individual folders as well.

To make more space available, delete any items that are no longer needed such as Sent Items and Journal entries.

You must empty the Deleted Items folder after deleting items or the space will not be freed.

To turn Journaling off,
 click Tools | Options | Journaling Options and de-select all items.

See client Help for more information.


Please, remove  me from the list.

VInce

tatianna22@teraware.ne.jp on 12/11/2000 06:16:37 AM
Please respond to tatianna22@teraware.ne.jp
To: rondasue99@mindspring.com
cc:
Subject: Increase Sales w/Credit Cards + NO Set Up Fee!!

Complete E-COMMERCE solutions to accept VISA, MasterCard,
American Express, Discover and Checks for your website,
online store, traditional storefront or home based business.

WE OFFER

-Bank-approved merchant accounts
-Real-time, online payment transactions
-Shopping carts
-Terminals & printers
-95% approval rate
-Fast 5 - 7 day setup

A TURNKEY E-COMMERCE SOLUTION FOR

-Internet Storefront Businesses
-Mail Order and Phone Order
-Start-up Businesses
-Traditional Retail Stores
-Home based Businesses

Good Credit / Bad Credit / No Credit  **** NO PROBLEM ****

------FREE SET-UP------FREE SET-UP------FREE SET-UP----------

While OTHERS Charge You From $200 TO $350 To Get Set Up
WE CHARGE ZERO FOR SETUP FEES!!!
Limited Time Offer So Take Advantage NOW!!!

Secure transactions are authorized in true real-time
immediately upon submitting orders right on your website.

You can process transactions right over the Internet without
the need for separate transaction terminal or processing
software.

Dedicated data line for fast, 3-5 second transactions.
No installation required!

Quick and easy account setup: 5 - 7 days.
_____________________________________________

Full Service E-Commerce Provider who offers complete
e-commerce solutions for thousands of businesses.

FREE CONSULTATION WITH AN INDUSTRY EXPERT,
NO OBLIGATION

-LOWEST MONTHLY SERVICE FEES as low as 1.59%
 Banks can charge up to 5% or higher

------FREE SET-UP------FREE SET-UP------FREE SET-UP--------

The Time Is Right!!!            Call Now!!!
-------------------------------------------------------------

1-888-248-4578

In order to have one of our CONSULTANTS contact you, we MUST have
all of the following information:

First & Last Name________________________________________
Phone Number with Area Code______________________________
Company Name_____________________________________________
Type of Product and or Service________________________

** Please note: USA Only, No Adult or Travel

A merchant account CONSULTANT will contact you soon.
==============================================

1-888-248-4578

Here's what our customers say...

Testimonial # 1 - I knew having a merchant account would
increase my sales, But never thought it would be so great.
In addition in being able to take major credit cards, I can
also do real time credit card processing on the internet and
receive orders while I am Sleeping. It's awesome! I encourage
every serious business owner to get one. Thanks. M.B./MI

Testimonial # 2 - " Being a home based business owner, no
one would approve me, until this came my way. I am more
than grateful. Within 10 days I had my merchant account
set up. I am more than pleased with the 24 hr. customer
service. My business has sky rocketed because I now can
accept credit card orders. " Oscar/FL
===================================================

This message was sent by an independent advertising company.
To be removed from future promotions please send an email to:
sandraz3@rome.com with REMOVE in the subject line.
We apologize for any inconvenience.


Please see the attached message from SPP.

 -----Original Message-----
From: 	Maurer, Luiz
Sent:	Friday, September 14, 2001 9:45 AM
To:	Lindberg, Susan
Subject:	FERC Order Firm Redirection

Susan

It seem that SPP is not challenging the Comission Order.

LM
---------------------- Forwarded by Luiz Maurer/SA/Enron on 09/14/2001 11:53 AM ---------------------------

"Bourne, Pat" <pbourne@SPP.ORG>@spplist.spp.org on 09/13/2001 07:58:34 PM
Please respond to "Bourne, Pat" <pbourne@SPP.ORG>
Sent by:	bounce-cpc-4277@spplist.spp.org
To:	"Commercial Practices Committee" <cpc@spplist.spp.org>
cc:

Subject:	FERC Order Firm Redirection

Attached is a FERC Order issued today in Docket EL01-104-000.  The decision
concludes that, when ATC would permit, Transmission Providers must allow
firm redirection of long-term, point-to-point transmission service for
periods less than the remainder of the contract.  SPP's practice has been to
require that any redirection of transmission service on a firm basis should
be for the remaining balance of the term of service.  Effective immediately,
SPP is implementing the FERC Order for redirection of long-term,
point-to-point transmission service .  SPP's business practices will be
revised and posted on SPP's OASIS.  If you have any questions, please call
myself or Lanny Nickell.

Pat Bourne

Manager, Transmission and Regulatory Policy
Southwest Power Pool
501-664-0146, Ext. 249

 <<el01-104.00d.wpd>>

 - el01-104.00d.wpd

<Embedded Picture (Device Independent Bitmap)>


When you ask a question you usually have heard a rumor.  What did you hear?

From: Suzanne Adams@ECT on 06/06/2001 03:35 PM
To: Kay Mann/Corp/Enron@ENRON
cc:

Subject: Re: New York Hotel

The New York Hilton sounds good and the location is good.  We are paying for
this, so we don't want to spend a fortune.  I also emailed Nellie in
Klauberg's office to see if she had any recommendations/connections.  You
know I do make sure his bills get paid!!!!!!!

Are you going to be doing business on your vacation days because if you are,
I'm not going to charge you.  I just don't think that's right.  Have you guys
had any new additions to your group?

	Kay Mann@ENRON
	06/06/2001 03:30 PM

		 To: Suzanne Adams/HOU/ECT@ECT
		 cc: sheila.tweed@enron.com@ECT, dan.lyons@enron.com@ECT
		 Subject: Re: New York Hotel

Never stayed there.  My current favorite is the Omni, which is in one of may
favorite locations. It has a little deli like shop across the street, where I
can buy reasonably priced bagels, cokes, etc.  Last year I also stayed at the
Marriott Marquis (BIG, right on Times Square) and the Mark (too snooty).  I
stayed two other places I didn't like, but the names escape me.

I've seen some other smaller hotels which look nice, and if I check a map I
might remember the names.

Kay

From: Suzanne Adams@ECT on 06/06/2001 12:37 PM
To: sheila.tweed@enron.com, dan.lyons@enron.com, kay.mann@enron.com
cc:

Subject: New York Hotel

What do you guys know about the Mayflower.  We are looking for a hotel in New
York at Christmas.
----- Forwarded by Suzanne Adams/HOU/ECT on 06/06/2001 12:36 PM -----

	"Doherty, Ric" <Ric.Doherty@COMPAQ.com>
	06/06/2001 12:33 PM

		 To: "Suzanne Adams Doherty (E-mail)" <Suzanne.Adams@enron.com>
		 cc:
		 Subject: New York Hotel

Do any of your people know anything about this place....it is where Pam and
Scott stayed and really liked it...recommended by Brysch

http://www.mayflowerhotel.com/welcome.htm

Thanks,

Ric Doherty
(281) 514-7624 - office
(800) 920-8171 - pager
ric.doherty@compaq.com
ricdoherty@att.net


Heartland Industrial Partners is one issue we did not discuss this morning.  These e-mails summarize the situation.  I have not been able to get resolution yet on who provides the home for this investment.  It doesn't fit ENA.  Bowen doesn't want it in EIM.  EES does not want to invest this kind of capital (although Delainey did ask for some additional information).
---------------------- Forwarded by Richard Lydecker/Corp/Enron on 02/13/2001 03:39 PM ---------------------------

Richard Lydecker
02/12/2001 01:42 PM
To:	David W Delainey/HOU/ECT@ECT
cc:	Brian Redmond/HOU/ECT@ECT

Subject:	RE: Heartland Industrial Partners

With respect to your questions concerning the Heartland Industrial Partners fund and current investments:

Heartland is a private equity buyout fund with $1.2 billion in commitments.  The targeted size of the fund is $2 billion.  The fund is headed by David Stockman, former managing director at The Blackstone group.  Stockman was director of OMB under Reagan.

Heartland's objective is an IRR of 30% gross (26% to the limited partners).  The limiteds get an 8% preferred return after which the GP gets a 20% carried return.  The GP also receives a 1.5% management fee.   In my experience these terms are consistent with most private equity funds.

The fund's objective is to acquire and expand industrial companies "in sectors ripe for consolidation and growth."  These "industrial platform scaleups" are targeted to be in sectors such as aerospace components and materials, automotive suppliers, capital goods, chemicals, plastics conversion, metal working, etc.

The fund has two investments currently:

MascoTech is a merger of three fund companies.  It is a leading global designer and supplier of high quality, low-cost metal formed components, assemblies and modules for the transportation industry.  Products include noise vibration and harshness products, transmission and transfer case components, engine components, wheel end and suspension components, axle driveline components.  Estimated revenues were $1.9 billion in 2001.  The company has 50 facilities in 11 countries.  9,500 employees.

An agreement to purchase Collins & Aikman Corporation was signed in January 2001.  C & A is a leader in automotive floor and acoustic ceilings and a leading supplier of automotive fabric, interior trim and convertible top systems with 2000 sales of $1.9 billion.

The original DASH in April 2000 predicated that "ENA will receive the exclusive right to provide all energy-related products and services to each platform company owned by the fund...ENA will submit a comprehensive, long-term, energy managment plan for each platform company.  HIP will be obligated to accept and implement the plan as long as the plan provides a cost benefit relative to the platform company's current practices after accounting for switching costs.  The expected value of this business to ENA is about $20 - 50 MM."

---------------------- Forwarded by Richard Lydecker/Corp/Enron on 02/12/2001 01:04 PM ---------------------------
From:	Raymond Bowen/ENRON@enronXgate on 02/09/2001 07:04 PM
To:	David W Delainey/HOU/ECT@ECT, Richard Lydecker/Corp/Enron@Enron
cc:	Brian Redmond/HOU/ECT@ECT, Wes Colwell/HOU/ECT@ECT, Raymond Bowen/HOU/ECT@ENRON, Jeffrey McMahon/ENRON@enronXgate

Subject:	RE: Heartland Industrial Partners

Dave,

Congrats on your new role.  Heartland Industrial Partners was an investment pursued solely for the purpose of providing deal flow for energy outsourcing opportunities when ENA's Industrial Group was following a broad based energy outsourcing business plan.  It has zero relevance to EIM's business.  In fact, Heartland has been reflected on ENA's balance sheet ever since the creation of EIM last August.  Brad Dunn has administered the relationship as a transitional matter in the intervening months.  Brad has attempted to get EES to take on the transaction, but they have expressed no interest in the capital commitment.  However, EES wants the option to look at the energy outsourcing opportunities in the transaction.  If I thought I could get a free option, I would take the same position.  If Enron is to get anything out of Heartland Industrial Partners beyond the return on our invested dollars, that value will come to EES.  Since there is no paper or steel aspect to Heartland, it doesn't belong in EIM and I don't want it.  I would be happy to discuss.

On a different note, there are lots of opportunities for EES and EIM to work together on (i) energy opportunities in EIM's pulp & paper and steel customer base and on (ii) paper or steel opportunities in EES' client base.  Jeremy Blachman and I had agreed on a revenue sharing plan to incent the groups to cooperate, but I assume you will want to understand it now.  Janet and I talked about it today and she was going to follow up with Jeremy.

Take Care,

Ray
 -----Original Message-----
From: 	Delainey, David
Sent:	Friday, February 09, 2001 6:01 PM
To:	Lydecker, Richard
Cc:	Redmond, Brian; Colwell, Wes; Raymond Bowen/HOU/ECT@ENRON
Subject:	Heartland Industrial Partners

Richard, it is my understanding that this investment is currently in Ray Bowen's business.  In my ENA shoes, I would say we would have no interest in taking on that responsibility.  In my EES shoes, I would like to take a closer look at the possible connections.  Please send me some info on the investment fund and their current investments portfolio.

I have also heard that Tom White has been talking to you about EES taking on the Catalytica investment.  With my EES shoes on, no way!!!!

Regards
Delainey
---------------------- Forwarded by David W Delainey/HOU/ECT on 02/09/2001 05:56 PM ---------------------------

Richard Lydecker@ENRON
02/07/2001 09:01 AM
To:	David W Delainey/HOU/ECT@ECT
cc:	Brian Redmond/HOU/ECT@ECT, Wes Colwell/HOU/ECT@ECT
Subject:	Heartland Industrial Partners

Dave, in May 2000 Enron North America committed to invest up to $30 million in Heartland Industrial Partners L.P., a private equity fund.  The terms of the fund investment are fairly typical (and not particularly exciting for a limited partner such as we).  The deal was "sold" on the basis of ENA getting exclusive rights to provide energy management services to companies owned by the fund if these were cost effective.  The claimed benefits for the energy management tie were calculated at $20 - 50 million.  The deal was originated by Brad Dunn who now is in EIM.   Ownership of this commitment had been assigned to Jim Ajello.

The kinds of energy management services associated with this deal are now provided by EES.  While they are happy to exploit any opportunity, their business plan does not contemplate investment substantial capital in this kind of deal.  In short, they have no interest in picking up the commitment (and capital employed) via an intercompany transfer.

Private equity funds such as this are highly illiquid by design and the normal investment cycle is at least 5 - 7 years.  The Heartland partnership has a 10-year life,  Enron did negotiate the right to sell its LP interest after 3 years.  As a practical matter, that right guarantees neither a fair price or even a market.

There is no logical home for this investment that I know of in ENA except in my portfolio.  Question: is this an ENA responsibility or would it move to EIM's balance sheet?  If we (ENA) have no choice but to retain the investment, my group will take responsibility for it and do our best to monetize funds invested to-date (about $6 million) and sell the remaining commitment.  Since the fund itself is still marketing limited partnership interests, however, it will be extremely difficult to get out of our investment/commitment in the foreseeable future.  Under any circumstances finding a buyer will be time-consuming and expensive.  (This is a poster child for "patient" investment capital).

I want to ensure that you are aware of the situation in case your view is that the obligation should be transferred to EIM which I believe has assumed the charter of the ENA group that formerly managed this investment.  Dick.

<Embedded Picture (Device Independent Bitmap)>


Attached is the NDA for Cargill you requested.  At the direction of Mark
Greenberg, I have added a non-solicitation clause.


Steve, attached are the EHS accomplishments for mid-year, mike


The original schedule was 50 MW's TEP GEN @PV(EPE XCHANGE) - EPMI -
SRP-MIRANT-CISO(T)PVD/SP15.  Mirant was cut by the CISO 3 mw HE 6, and 4 mw
HE 24.  Please refer to Mirant tag #3205 for this revised schedule.   Mirant
is sending the schedule real time.   I spoke with TEP and they are aware of
the change.

Thanks
Stacy


I'm having a set printed.

Kay
---------------------- Forwarded by Kay Mann/Corp/Enron on 02/12/2001 04:01
PM ---------------------------
From: Stuart Zisman@ECT on 02/12/2001 03:56 PM
To: Kay Mann/Corp/Enron@Enron
cc:

Subject:

Per your request, attached are the AES/Calvert docs

Stuart


----- Forwarded by Richard B Sanders/HOU/ECT on 05/21/2001 07:45 AM -----

	Sandra McCubbin@ENRON
	05/20/2001 08:16 PM

		 To: James D Steffes/NA/Enron@Enron, Richard Shapiro/NA/Enron@Enron, Steven J
Kean/NA/Enron@Enron, Karen Denne/Corp/Enron@ENRON, Susan J
Mara/NA/Enron@ENRON, Jeff Dasovich/NA/Enron@Enron, Mark
Palmer/Corp/Enron@ENRON, Harry Kingerski/NA/Enron@Enron, Leslie
Lawner/NA/Enron@Enron, Richard B Sanders/HOU/ECT@ECT
		 cc:
		 Subject: FW: [Fwd: The New CALIFORNIA State Song:]

at least someone in the state has a sense of humor

		 To:
		 cc:
		 Subject:

To:
Subject:

Rollin', rollin', rollin',
Though the state is golden,
Keep them blackouts rollin', statewide. A little colder weather,
And we all freeze together,
Wishin' more plants were on the line.
All the things I'm missin',
Like lights and television,
Are waiting 'til we can pay the price.

 (Chorus)
Turn 'em on, turn 'em off,
Shut 'em down, block 'em out,
Turn 'em on, turn 'em off, statewide!
Brown 'em out, black 'em out,
Charge 'em more, give 'em less,
Let the pols fix the mess, statewide!

Keep movin', movin', movin',
Though they're disapprovin',
Keep them rates a-movin', statewide.
Don't try to understand 'em,
Just raise, charge, and collect 'em.
Soon we'll be livin' high and wide.
My heart's calculatin',
Nuclear plants will be awaitin',
Be waitin' at the end of my ride.

 (Chorus)
Turn 'em on, turn 'em off,
Shut 'em down, block 'em out,
Turn 'em on, turn 'em off, statewide!
Brown 'em out, black 'em out,
Charge 'em more, give 'em less,
Let the pols fix the mess, statewide! STATEWIDE!! ! Hyaah!!

--
---
Ruth Shinnick
ruth@dagaz.com


Hi Folks,

Here's how I see the matchups this week.

PLEASE NOTE:   See the cheatsheets online at www.footballguys.com  for
exactly where I rank players and to determine who to start.   I always
receive emails asking me how I can have a guy ranked highly on the
cheatsheet but listed under a matchup that favors the Defense.   Just
because one matchup may be more favorable than another, that doesn't
necessarily mean I'd start the player with the best matchup.   Peyton
Manning may have a horrible matchup one week but unless you're sitting on
Kurt Warner or Daunte Culpepper, Manning's your guy no matter who he's
lining up against.   The matchup info is meant to be just one more tool in
your box when it comes to deciding between players.

Note:  I've used the player stats sorted by performance over the last four
weeks extensively in developing these write-ups. Stats are provided by Mike
Hall's excellent FLM League Management Software.  http://www.fflm.com/ for
more info.
Let's get to it.

Joe

/**/**/**/**/**/**/**/**/**/**/**/**/**/**/**/**/

Locks:  These games feature Defenses that should be overmatched against the
Offense.

New Orleans Passing Game vs Atlanta Defense

A good dose of the Atlanta Defense may be just what New Orleans and QB Aaron
Brooks needed.   The Falcons are awful ranking # 31 in Passing Yards Allowed
Per Game over the last four weeks.   They rank # 29 in Fantasy Points
Allowed to QBs.   Brooks will be throwing to WRs Joe Horn and Willie
Jackson.   Albert Connell is there but not a big factor.   Of course, the
biggest news from last week was the awakening of TE Cam Cleeland.   He could
play a big role if he get's fired up.

Green Bay Passing Game vs Minnesota Defense

You have little choice but to start Brett Favre.   Last week, he hung 3 TDs
on the Ravens so I think he can handle the Vikings.   WR Antonio Freeman
awoke from a slumber and did it in a big way.   The question of the week is
can he continue?   Part of his success can be attributed to his public
demand for more passes (which Favre said he approved of and made good on his
promises to target Freeman more)   Although an ankle injury to WR Bill
Schroeder was no doubt a factor as well.   It looks like Schroeder will play
but the ankle is still sore.   If Schroeder can go, both look to be a good
start against the Viking's defense ranked # 28 in Passing Yards Allowed Per
Game over the last four weeks.   They're also # 28 in Fantasy Points Allowed
to WRs.   TE Bubba Franks is a must start as it seems every pass he catches
is for a TD.

Jacksonville Passing Game vs Buffalo Defense

After a hot start, it seems like it's been forever since the Jaguars have
scored a passing TD.   That should change this week as they face a soft
Buffalo Defense that ranks # 25 in Passing Yards Allowed Per Game over the
last four weeks.   They're even worse when it comes to Fantasy Points
Allowed to QBs ranking # 28.   Pretty much all the Jaguar skill positions
look good here.   WRs Jimmy Smith and Keenan McCardell are must starts.
They'll be too much for Cornerbacks Ken Irvin and Antoine Winfield.   TE
Kyle Brady is a nice play here too.   He was the target of 5 passes in week
4.

Kansas City Passing Game vs Arizona Defense

A game against Arizona may be just what the disappointing Chiefs need.
Trent Green's been nowhere near as good as everyone (including us) hoped but
I'm not sure it's all his fault.   He's had trouble keeping a WR Corps
healthy and teams are doubling and tripling TE Tony Gonzalez, their best
player.   Priest Holmes has put a spark in the running game and that'll
help.   WR Derrick Alexander only caught one pass last week but he had 8
thrown his way so he's getting the opportunities.   He'll likely make much
better use of his chances this week against a Cardinal team that ranks # 22
in Passing Yards Allowed Per Game over the last four weeks.   They rank # 26
in Fantasy Points Allowed to QBs so Green could break out as well.

/**/**/**/**/**/**/**/**/**/**/**/**/**/**/**/**/

Prime Matchups:  These games feature Defenses that should have trouble
stopping the Offense.

Tennessee Passing Game vs Detroit Defense

Steve McNair awoke last week and played a very solid game against Tampa Bay
throwing for 230 yards and 1 TD.   He'll have a much easier time this week
against a Lion team that's hurting in the secondary.   Detroit ranks # 13 in
Passing Yards Allowed Per Game over the last four weeks but they're
vulnerable.  They rank # 29 in Fantasy Points Allowed to WRs.   WR Kevin
Dyson is probably the best bet for WRs.   Derrick Mason is still nursing a
bad ankle and his status isn't clear yet.   Chris Sanders could see time too
and he's been targeted some lately.   Of course, the favorite receiver is
still TE Frank Wycheck.

St. Louis Passing Game vs New York Jets Defense

Just start your Rams.   Warner, Holt, Bruce and probably Hakim and TE
Conwell all deserve starting status.   Until I see it again, I'm calling the
Giants game of last week an aberration.   The Jets defense ranks # 20 in
Passing Yards Allowed Per Game over the last four weeks but I'd start these
guys against the AFC Pro Bowl Team.

Pittsburgh Passing Game vs Tampa Bay Defense

This could be an ugly game for the Steeler passing game.   Tampa plays
primarily zone defense which means Stewart will be forced to pick his spots
from the pocket.   And we all know, the pocket is no friend to Stewart who
is best when he can run a little.   Man coverage allows a QB more freedom to
tuck and run with defenders in coverage.   He will face a tough Defense with
the talent to hold down WRs Hines Ward and Plaxico Burress.   On the plus
side, Tampa's given up a lot of yards to the passing game though ranking #
30 in Passing Yards Allowed Per Game over the last four weeks.   They rank #
23 in Fantasy Points Allowed to QBs so the potential is there for Stewart to
do something, I'm just not sure what it'll be .

Carolina Passing Game vs Washington Defense

QB Chris Weinke gets better each week.   Is he playing well enough to carry
your team right now?   Probably not.   But he might start getting there.
The Redskins  rank # 24 in Passing Yards Allowed Per Game over the last four
weeks.   Weinke's primary targets will be WR Muhsin Muhammad and TE Wesley
Walls.   Both should have decent opportunities this week.   On the upside,
Washington Cornerback Fred Smoot will likely be limited if he even plays
with a bad knee.

Denver Passing Game vs San Diego Defense

QB Brian Griese has complained of shoulder pain all week and missed early
practices but says he'll play Sunday.   Gus Frerotte will go if Griese
can't.   Good luck getting a straight answer out of Skeletor Shanahan (love
that guy) but if I had to guess, I'd play him.   Weigh it out though if you
have another solid option of course.   The Chargers are looking suddenly
very beatable after New England's Tom Brady hung 364 yards and 2 TDs on
them.   The key will be Eddie Kennison staying on a roll.   He takes the
incredible pressure off Rod Smith and can stretch the defense keeping Safety
Rodney Harrison back where he belongs and off the line.   San Diego ranks #
18 in Passing Yards Allowed Per Game over the last four weeks but can
definitely be thrown on.

Detroit Passing Game vs Tennessee Defense

What got into Charlie Batch?   Whatever it is, let's hope he can keep it up.
He posted some great numbers last week with 345 yards, 3 TDs and most
importantly, 0 interceptions.   He'll try to keep it rolling against a
suspect Titan defense that's ranked # 27 in Passing Yards Allowed Per Game
over the last four weeks.   They're ranked # 24 in Fantasy Points Allowed to
QBs.   Cornerback Samari Rolle is out again and that hurts.   Germane
Crowell may not know when to run out of bounds but he can rack up the yards.
Look for him to do it again.   Johnnie Morton will man the other spot and do
well.   In minor news, it looks like Herman Moore is done for the year with
a torn muscle in his hip.

/**/**/**/**/**/**/**/**/**/**/**/**/**/**/**/**/

Even Matchups:  These games feature no real advantage either way

Washington Passing Game vs Carolina Defense

Are you really down to this?   If so, Tony Banks may be ok this week.
Carolina ranks # 26 in Passing Yards Allowed Per Game over the last four
weeks.   And they're the worst team in the league in Fantasy Points Allowed
to QBs.   Still though, I hate to think I'm putting too much faith in these
guys.   WR Rod Gardner is getting more looks than anyone at this point.
Michael Westbrook scored last week and maybe he can build on that.   TE
Stephen Alexander is out with a bad ankle.

San Diego Passing Game vs Denver Defense

Flutie's fun to watch but make sure to understand this team is about RB
LaDainian Tomlinson.   I hear some comparisons to Denver's John Elway
finding a young Terrell Davis but this isn't the same.   Flutie just won't
put up the stats consistently.   Curtis Conway, Tim Dwight and Jeff Graham
are all seeing about the same amount of work and that makes it tough to pick
one.   Unfortunately, TE Freddie Jones has been very inconsistent and
frustrating for his owners.   I'm not sure that will change.   The Broncos
are pretty solid against the pass ranking # 12 in Passing Yards Allowed Per
Game over the last four weeks.  They rank # 11 in Fantasy Points Allowed to
QBs.

Philadelphia Passing Game vs New York Giants Defense

With a week off to prepare, look for the Eagles to come out firing.
Somewhat like Green Bay did last week against Baltimore, look for them to
focus on the pass against a defense that is extremely good against the run.
They'll have their work cut out for them though.   The Giants pass defense
has been up and down.   Of course, lately, they've been very up holding the
high flying Rams to a mere mortal 15 points and no passing TDs.   That's
strong.   But they rank just # 18 in Passing Yards Allowed Per Game over the
last four weeks.   They're a little tougher on QBs ranking # 10 in Fantasy
Points Allowed to QBs.   Donovan McNabb has two solid under rated WRs in
Todd Pinkston and James Thrash that can stretch the field.   TE Chad Lewis
has been seeing a lot of balls thrown his way and could do damage here.

New England Passing Game vs Indianapolis Defense

Tom Brady continues to impress as he gains confidence in the system.   He'll
go against the Colts this week who have to be wondering where their Super
Bowl aspirations have gone.   The key in my opinion is WR Terry Glenn who
brings an entirely new dimension to this team.   Brady threw the ball his
way 14 times last week.   Troy Brown is a quiet option but he gets a ton of
targets (16 last week)   The Colts rank # 14 in Passing Yards Allowed Per
Game over the last four weeks but rank # 8 in Fantasy Points Allowed to QBs.

Chicago Passing Game vs Cincinnati Defense

I'm looking for Jim Miller to bounce back from an awful game last week
against Arizona.   The Bengal defense is pretty solid ranking # 8 in Passing
Yards Allowed Per Game over the last four weeks.   They'll be without
Cornerback Rodney Heath.   Corner Robert Bean is probable with a leg injury
so he's likely less than 100%.   The Bengals rank # 18 in Fantasy Points
Allowed to QBs so that's some encouragement.   WR Marcus Robinson will have
a size advantage on the Bengal Corners and watch for Marty Booker who was
the target of more passes last week than was Robinson.

/**/**/**/**/**/**/**/**/**/**/**/**/**/**/**/**/

Downside Matchups:  These games feature a Defense that could pose trouble
for the Offense.

New York Jets Passing Game vs St. Louis Defense

With every passing week, it becomes more and more clear that this "new"
offense is really just a slightly different way to get Curtis Martin the
ball.   And that's the smart move for Jet's fans.   Vinny Testeverde draws a
pretty tough matchup this week in the Rams who rank # 9 in Passing Yards
Allowed Per Game over the last four weeks.  They rank # 19 in in Fantasy
Points Allowed to QBs.   Laveranues Coles has been getting plenty of looks
and is a good play.   Wayne Chrebet will handle the intermediate stuff as he
always does.

Atlanta Passing Game vs New Orleans Defense

Chris Chandler still has plenty left in the tank (as long as he can protect
his head)   The Saints could cause trouble with an aggressive blitzing
defense that's recorded 12 sacks already.   That Super Dome floor isn't much
softer than the carpet covered concrete of the Georgia Dome so injury is
always a worry.   New Orleans is tough ranking # 11 in Passing Yards Allowed
Per Game over the last four weeks.   They rank # 13 in Fantasy Points
Allowed to QBs.   Look for Chandler to focus on Terance Mathis and Shawn
Jefferson as he did last week although Jefferson is risky listed as
questionable with ankle / toe problems.

Buffalo Passing Game vs Jacksonville Defense

Will the week off benefit Rob Johnson?   I really don't know.   You know by
now that I'm down on Johnson.   He does have two potentially very good WRs
though in Eric Moulds and Peerless Price.   Both have underachieved this
season and it's hard to know whether to blame them or Johnson.
Jacksonville is average defending the pass ranking # 15 in Passing Yards
Allowed Per Game over the last four weeks.   They're much tougher in
shutting down QBs though as they rank # 2 in Fantasy Points Allowed to QBs.
Cornerback Fernando Bryant is Questionable with a bad foot and that'll be a
big plus for the Bills if he can't go.

Cincinnati Passing Game vs Chicago Defense

It may not seem like a big deal, but the Bengals will miss WR Chad Johnson
who's out with a broken collarbone.   He was a true deep threat that took
heat off of Darnay Scott and freed up Peter Warrick underneath.   We'll see
how they work without him.   Jon Kitna continues to play a Trent Dilfer like
"good enough to win" game and I don't see that changing a lot.   The Bengals
would love to get games like last week's 201 yard, 1 TD and 0 interception
(the biggie) out of Kitna.   This offense is all about RB Corey Dillon.
The Bears are tougher against the run than they are the pass.   Chicago
ranks # 19 in Passing Yards Allowed Per Game over the last four weeks.
They bring a tough pass rush with 11 sacks in their last 3 games.   All in
all, a pretty tough matchup.

Cleveland Passing Game vs Baltimore Defense

Green Bay showed last week one way to beat Baltimore was to concede the
running game and focus on throwing the ball.   That's fine as long as you
have Brett Favre under center.   Tim Couch may one day be very good, but
he's a long ways from Favre today.   The Ravens rank # 10 in Passing Yards
Allowed Per Game over the last four weeks so they can be thrown on.   Kevin
Johnson has been hot for the Browns and Quincy Morgan is getting almost as
many balls thrown his way as Johnson.   The Ravens bring two very good
Cornerbacks in Duane Starks and Chris McAlister that'll make it a tough game
for the Browns.

Indianapolis Passing Game vs New England Defense

If you can afford to bench Peyton Manning, you're deep enough at QB that you
don't need our help.   The Patriots are pretty tough ranking # 7 in Passing
Yards Allowed Per Game over the last four weeks.   They also rank # 6 in
Fantasy Points Allowed to QBs.   I'd still start Manning unless I had a
great option though.   He's just too liable to have a great game against
anyone.   Same for Marvin Harrison.   Jerome Pathon is still very iffy for
this week and I'd avoid.   Rookie Reggie Wayne is still learning the ropes
and had 3 passes thrown his way last week.  I'm not counting on a whole lot
yet from him.

/**/**/**/**/**/**/**/**/**/**/**/**/**/**/**/**/

Defensive Slam Dunks:  These games feature a very tough Defense posing major
problems for the Offense.

Tampa Bay Passing Game vs Pittsburgh Defense

Must be something in the Nashville water that awoke both Steve McNair and
Brad Johnson last week.   Johnson finally listened to Keyshawn and threw him
the ball 17 times Sunday.   Both Johnsons had strong games and hopefully the
light flicked on for Brad Johnson.   Jacquez Green had several looks but
clearly, this is a Johnson and Johnson team now.   The Steelers are very
tough against the pass ranking # 3 in Passing Yards Allowed Per Game over
the last four weeks.   They rank # 3 in Fantasy Points Allowed to QBs as
well so it's pretty clear that it's a tough matchup for the Bucs.

New York Giants Passing Game vs Philadelphia Defense

After a heartbreaking loss to the Rams, the Giants face a very tough Eagle
pass defense that's ranked # 1 in Passing Yards Allowed Per Game over the
last four weeks.   They rank # 5 in Fantasy Points Allowed to QBs so it'll
be tough going for the Giants here.   QB Kerry Collins hasn't been anything
special lately and look for the Eagles to continue their huge array of
blitzes that they love.   He'll be throwing to Amani Toomer who needs to
pick up the pace he started with early.   Ike Hilliard is back but still not
seeing as many passes thrown his way as Joe Jurevicius.

Minnesota Passing Game vs Green Bay Defense

For all the anti Viking talk, Culpepper continues to post some excellent
Fantasy Stats.   His rushing TDs are huge in many scoring systems.   Of
course, the big question this week is the health of Randy Moss' ankle.
Coach Denny Green came out this week and said Moss has been limited by the
effects of his ankle sprain suffered before his rookie season.   I
personally would come up with something better than that...   Denny Green is
a player's coach and it wouldn't surprise me at all if this were primarily a
protection move for his star WR.   I'd fully expect Moss to play but
certainly, he's a risk.   The Packers are very tough against the pass
ranking # 4 in Passing Yards Allowed Per Game over the last four weeks.
They're also # 4 in Fantasy Points Allowed to QBs.   With RB Michael Bennett
out this week, the Vikings will likely be throwing all day so you know
they'll be getting the opportunities.   It's a very tough matchup though.

Arizona Passing Game vs Kansas City Defense

Plummer's always a roll of the dice and this week isn't any different.
He'll face a KC defense that's very tough statistically against the pass
ranking # 3 in Passing Yards Allowed Per Game over the last four weeks.
When it comes to Fantasy Points Allowed to QBs, they rank # 7.   David
Boston is clearly Plummer's best option and he'll match up pretty well with
the Chiefs.  MarTay Jenkins and Frank Sanders will see some action but
you'll be hard pressed to start them I'd think.   Probably a risky matchup
this week for a Cardinal team that's suspect in talent to begin with.

Baltimore Passing Game vs Cleveland Defense

Elvis Grbac returned back to reality last week with a disappointing game
against the Packers.   He was held to 138 yards, 1 TD and 2 Interceptions
also suffering a neck injury / concussion.   He's listed as probable and
should improve upon those numbers this week but not by a lot.   The Browns
are tough against the pass ranking # 6 in Passing Yards Allowed Per Game
over the last four weeks.   More impressively, they rank # 1 in Fantasy
Points Allowed to QBs.   Cornerbacks Daylon McCutcheon and Corey Fuller
should do a pretty nice job of matching up with WRs Travis Taylor and Qadry
Ismail.   Of course, Shannon Sharpe is always a threat.   Bottom line, this
is a tough matchup for Baltimore.

/**/**/**/**/**/**/**/**/**/**/**/**/**/**/**/**/

Bryant Analytics, Inc.   All Rights Reserved 1999-2001

To unsubscribe from this group, send an email to:
cheatsheets-unsubscribe@egroups.com

Your use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/


Dear Friends and Family,

On April 15 and 16 I will be joining thousands of riders and volunteers on
the MS 150 which is a two day bike tour from Houston to Austin covering 182
miles dedicated to end the devastating effects of multiple sclerosis.
Multiple sclerosis is a disease that is total unpredictable.  Symptoms may be
mild such as numbness in the limbs, or severe paralysis or loss of vision.
Most people with MS are diagnosed between the ages of 20 and 40 but the
unpredictable physical and emotional effects can be lifelong

My wife, Ilene was diagnosed with MS almost three years ago; at first I was
at a loss of how I could support her.  That was until I heard of the MS 150,
which is one of the greatest challenges of my life.  It is my choice to
participate in the MS 150, Ilene does not have a choice, as she has to live
with MS every day.

This will be my third year riding in the MS 150 raising money for the
National MS Society to fight multiple sclerosis. In 1998 my goal was simple.
It was to raise money and ride the 182 miles on my own. I succeeded in my
endeavor by completing the ride on my own steam and raising $6,000.  In 1999
I raised my goal to $10,000 and finished the tour.  Not only did I meet my
goal, but surpassed it by raising $15,000 to fight this devastating disease
with the help of my friends and family.  This year my goal is even greater!
My wife and I are once again asking for your help.  This year on the 2000 MS
150 bike tour, my goal is to raise $20,000.

Enron is a big supporter of the MS 150.  For the past two years we were the
largest bike team and biggest fundraiser of any corporate team nationally.
Last year we raised $310,000 with 300 riders.  Enron will match dollar for
dollar on all contributions donated in my name.  Using this secure, fast and
easy web page you can make a tax-deductible donation (if clicking on the link
below does not work you can cut and paste the link to your browser).

https://secure2.ntwebhosting.com/ms150/donate.asp?RiderName=John+Norden&RiderE
mail=jnorden%40enron%2Ecom

If you would prefer to send a check it should be made out to the National MS
Society and sent to the address below.

I appreciate your continued support of the MS Society and the Isuzu MS 150
Bike Tour.  The funds raised on the Isuzu MS 150 Bike Tour provides
equipment, financial assistance, self-help groups, counseling, information
and resources, as well as education for people with MS and their families.
Your support truly makes a difference in the lives of people with Multiple
Sclerosis.

For additional information on MS http://www.nmss.org
For additional information the MS 150 http://www.ms150.org

Thank You for Your Support,

John Norden

John Norden
Director Technology
Enron
1400 Smith St
Houston TX 77002
713/853-3240


Lucy,

You wrote fewer checks this month.  Spent more money on Materials and less on
Labor.

   June  July  August

Total Materials  2929  4085  4801

Services  53  581  464

Labor   3187  3428  2770

Here are my questions on the August bank statement (attached):

1.  Check 1406  Walmart    Description and unit?

2.  Check 1410  Crumps     Detail description and unit?

3.  Check 1411  Lucy      What is this?

4.  Check 1415  Papes      Detail description and units?

5.  Checks 1416, 1417, and 1425  Why overtime?

6.  Check 1428    Ralph's   What unit?

7.  Check 1438    Walmart?    Description and unit?

Try and pull together the support for these items and get back to me.

Phillip