Legal Update Newsletter
(May 17, 2001)

This Newsletter is published, approximately every other month, by
Verner & Brumley, P.C., Dallas, Texas. It is published by email.
The current issue is displayed at http://www.vernerbrumley.com/

In three pages, the Newsletter updates the law in three areas:
Texas procedural and remedial law, Texas family law (our firm's
specialty), and family law of national import, including tax law.

We abstract only published cases. All cases reported may be found
on commercial web directories. We have included hypertext links
to free sources in our web site version of the Newsletter (when
free sites are available - and when we can find them!).

There is no charge for Legal Update Newsletter. If you do not
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NEWSFLASHES:

Better behave: You can be 'cuffed and taken to jail for not
wearing a seat belt, at least in Texas, Atwater v. Lago Vista, No.
99-1408 (U.S. Apr. 24, 2001), but our legislature is working on
the problem. See S.B. 112 & H.B. 363.

ERISA & Texas law: United States Supreme Court holds that
ERISA plan provisions prevailed when man received life
insurance policy and pension plan in divorce, died shortly post-
divorce, but never changed beneficiary designation of ex-wife with
plan's administrator. Washington State law that plan beneficiaries
are automatically revoked upon divorce preempted by federal
law. Egelhoff v. Egelhoff, No. 99-1529 (U.S. Mar. 21, 2001).
Compare Weaver v. Keen, No. 10-99-305-CV (Tex. App. -
Waco Apr. 18, 2001, n.p.h.) (order denying pet. reh.) (Vance,
J.) (rev'g & rem'g to County Court at Law No. 4, Dallas
County) (agrees with Egelhoff but reaches contrary result).

From the +Net: Did you hear about the terrorists who held the
entire ABA convention hostage?  They threatened to release one
lawyer per hour unless their demands were met.

CONTENTS:

Page One: Texas Procedure & Remedies

How final is final?
Unpleasant business
Discrimination causation
Admissions undeemed
Scope of remand

Page Two: Texas Family Law

Frequent flyer miles
Property law in a nutshell
Intentional infliction claim upheld
Child abuse reporting statute upheld
Timely appeal hearings required

Page Three: National & Federal Family Law

MD maintenance
Boarding school counts
Post-HS child support constitutional
No horsewhipping allowed
No prenuptial waiver

Page One: Texas Procedure and Remedies

How final is final? A judgment is final if it says "with unmistakable
clarity" that it is final, or if the judgment actually disposes of all
claims and parties before the court.  A "Mother Hubbard" clause
"does not indicate finality." Guajardo v. Conwell, 44 Tex. S. Ct.
J. 693 (Apr. 26, 2001) (per curiam) (concurring in result only)
(aff'g 30 S.W.3d 15 (Tex. App. - Houston [14th Dist.] 2000)
(per curiam) (granting motion to dismiss appeal)).

Unpleasant business: Mall manager told police lessee owned mall
store and threatened to file criminal trespass charges against
claimed purchaser, but did not act in extreme and outrageous
manner even though he did not give additional facts. Broad
dictum: "Business managers must have latitude to exercise their
rights in a permissible way in order to properly manage their
business, even though it may not always be pleasant for those
involved." Bradford v. Vento, 44 Tex. S. Ct. J. 655 (Apr. 26,
2001) (Abbott, J.) (aff'g, rev'g & ren'g 997 S.W.2d 713 (Tex.
App. - Corpus Christi 1999) (en banc) (Yanez, J.) (Seerden,
C.J., dissenting)) (aff'g, rev'g & ren'g 357th Judicial District
Court, Cameron County).

Discrimination causation: Texas Supreme Court adopts Texas
Labor Code's causation standard of "a motivating factor" in state-
law based employment discrimination suit. Court would have
followed Title VII standards but couldn't tell what they are
because federal courts "are closely divided on the issue." See
Texas Commission on Human Rights Act, Tex. Labor Code o
21.001 et seq.; cf. id. o  21.051 ("because of" standard), with
id. o 21.125 ("a motivating factor" standard). Quantum Chem.
Corp. v. Toennies, 44 Tex. S. Ct. J. 519 (Mar. 8, 2001) (Phillips,
C.J.) (Hecht, J., dissenting) (aff'g  998 S.W.2d 374 (Tex. App. -
Houston [1st Dist.] 1999) (Andell, J.) (rev'g & rem'g to 190th
Judicial District Court, Harris County)).

Admissions undeemed: Mandamus conditionally issued to trial
court to vacate order, after hearing within 30 days of trial, denying
motion to undeem ultimate-issue admissions when record showed
that party failed to respond because of law firm's accident or
mistake. No adequate remedy by appeal because relator's ability
to present viable claim or defense at trial vitiated or severely
compromised and no final, appealable judgment rendered
simultaneously. In Re: Kellogg-Brown & Root, Inc., No.
12-01-00116-CV (Tex. App. - Tyler May 8, 2001, orig.
proceeding) (Worthen, J.) (writ cond. granted).

Scope of remand: When a party contests liability in the trial court
but only damages on appeal, a reversal requires that both
damages and liability be retried because of Tex. R. App. P.
44.1(b), which says a court may not order a separate trial solely
on unliquidated damages if liability is contested, as by general
denial. Estrada v. Dillon, 44 Tex. S. Ct. J. 613 (Apr. 12, 2001)
(per curiam) (aff'g, rev'g & rem'g 23 S.W.3d 422 (Tex. App. -
Amarillo 2000) (Reavis, J.)) (rev'g & rem'g to 137th Judicial
District Court, Lubbock County, Shaver, J.).

Page Two: Texas Family Law

Frequent flyer miles: Trial court properly clarified divorce decree,
which awarded 200,000 Lufthansa frequent flyer miles to ex-wife,
to require ex-husband to "execute all documents and take all
necessary steps to permit" ex-wife to redeem miles by date
certain. In re: Alford, No. 06-00-00103-CV (Tex. App. -
Texarkana Mar. 7, 2001) (Ross, J.) (aff'g County Court at Law,
Polk County).

Property law in a nutshell: The Waco Court of Appeals has
written a couple of opinions that, between them, explain just about
everything you need to know about Texas marital property law.
Beard v. Beard, No. 10-98-357-CV (Tex. App. - Waco Apr.
18, 2001) (everything except new reimbursement statute) (Vance,
J.); Gill v. Gill, No. 10-00-163-CV (Tex. App. - Waco Mar. 7,
2001) (new reimbursement statute) (Davis, C.J.).

Intentional infliction claim upheld: Trial court's jnov on jury verdict
of $325,000 to wife for intentional infliction of emotional distress
reversed. Also reversed was sanctions award of $120,000
against wife "for her misconduct during the pendency of this
cause." Toles v. Toles, No. 05-97-00303-CV (Tex. App. -
Dallas Apr. 11, 2001) (Rosenberg, J., assigned) (rev'g, ren'g &
rem'g to 254th Judicial District Court, Dallas County).

Child abuse reporting statute upheld: Houston Court of Appeals,
in split decision, upheld constitutionality of child abuse reporting
statute, Tex. Fam. Code o 261.101 et seq., against indefiniteness
argument. Rodriguez v. State, No. 14-99-00479-CR (Tex. App.
- Houston [14th Dist.] Apr. 19, 2001) (Yates, J.) (Baird, J.,
assigned, dissenting) (aff'g County Criminal Court at Law No.
14, Harris County, Fields, J.).

Timely appeal hearings required: Trial court abused its discretion
by trying case without first hearing appeal of associate judge's
ruling limiting discovery concerning valuation of spouse's interest
in law firm. Fountain v. Knebel, No. 05-99-01718-CV (Tex.
App. - Dallas Apr. 11, 2001) (Richter, J.) (rev'g & rem'g to
256th Judicial District Court, Dallas County).

Page Three: National and Federal Family Law

MD maintenance: In another of what it describes as "university
degree-divorce decree" cases, Wisconsin Supreme Court
upholds maintenance award of $1,700 per month for eight years
after four-year marriage because wife worked, did laundry, kept
house and even typed papers for husband while he finished
medical school and completed residency. Meyer v. Meyer, 232
Wis. 2d 191, 606 N.W.2d 184 (2000).

Boarding school counts: In calculating child support, which is
based on "primary physical responsibility," a/k/a "parenting time,"
trial court did not abuse its discretion in imputing child's time at
boarding school to father when father was primary custodial
parent and his family trust paid for school.  Katzberg v. White,
No. C031628 (Cal. App. May 1, 2001).

Post-HS child support constitutional: As against equal protection
challenge, Oregon Court of Appeals upholds constitutionality of
child support statute requiring child support for "child attending
school," which can include college attendance, despite absence of
legal requirement that married parents send their children to
college. In re: McGinley, No. A101792 (Or. App. Feb. 28,
2001).

No horsewhipping allowed: Lawyer, who had affair with client,
added "insult to injury" by billing client for legal services after
breaking off relationship, but actions did not constitute intentional
infliction of emotional distress because not "extreme and
outrageous" as matter of law. Sanctions of $20,000 upheld
against lawyer for, among other things, asking trial court to
horsewhip former client and her lawyer. Gaspard v. Beadle, 36
S.W.3d 229 (Tex. App. - Houston [1st Dist.] 2001, pet. denied).

No prenuptial waiver: Accepting court-ordered payment of
$5,000 from husband during pendency of divorce "as an
advancement on her award of equitable distribution" did not
constitute waiver by wife of right to enforce prenuptial agreement
in lieu of equitable distribution. Rubino v. Rubino, No. 99-443 (RI
Feb. 12, 2001).

Verner & Brumley, P.C.
3131 TurtleCreek Blvd.
Suite 1020
Dallas, Texas  75219
214.526.5234
214.526.0957.fax
info@vernerbrumley.com
www.vernerbrumley.com

Practice limited to Family Law

Copyright Verner & Brumley, P.C., 2001


thank you for giving me an opportunity to work in a really terrific place-
and please, would you remember me when you land on your feet-
may i remain in touch with you?

thanks Jeff-this has been a great opportunity for me
just wanted to say i appreciate it


Thanks.  Can I email this in the morning?

 -----Original Message-----
From: 	Frank, Carole
Sent:	Friday, September 28, 2001 1:58 PM
To:	Grigsby, Mike; Ermis, Frank
Subject:	letter of recommendation

Just a quick note to remind you about the letter or recommendation for the Analyst Program.  If you would, please have your admin. put the letter on letterhead since Jeff Davis has asked for a hard copy.  Have a great weekend!

Carole Frank


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October 8, 2001

Enron Exits Portland General (Again)

By Jon T. Brock
Director, Strategic and Competitive Intelligence

  <https://www.secure.scientech.com/rci/wsimages/j_brock_photo.jpg>

[News item from PR Newswire] Enron Corp. (NYSE: ENE) announced today that it has entered into an agreement with Northwest Natural Gas Company (NYSE: NWN) for the sale of Enron's wholly owned electric utility subsidiary, Portland General Electric. The proposed transaction, which is subject to customary regulatory approvals, is expected to close by the fourth quarter of 2002.

Analysis: Enron is attempting to sell Portland General again, this time to Northwest Natural Gas Company (NW Natural). Enron attempted to sell Portland General to Sierra Pacific in November of 1999. However, that sale did not complete apparently due to a delay in Nevada deregulation. Let's take a step back and look at the history of Enron's dance with Portland General.

Enron originally confirmed that its "merger" with Portland General had closed effective July 1, 1997, approximately one year after it was announced. The $3-billion combination created an enterprise with a market value of approximately $12 billion. Enron issued 50.5 million new common shares to shareholders of Portland General, consolidated Portland General's debt of $1.1 billion and accounted for the transaction on a purchase accounting basis.

The acquisition linked Enron and Portland General, a successful, low-cost electric utility operating in the fast-growing Pacific Northwest region. With ownership of approximately 5,000 megawatts of generating capacity and more than 38,000 miles of natural-gas pipeline worldwide in 1997, the combined company aimed to provide integrated energy solutions for wholesale and retail natural gas and electricity customers in North America and internationally. At least that was the plan.

Enron also did an acquisition of a telecommunications firm based in Portland, Ore. that had links to Portland General. On Nov. 17, 1997, Enron announced the acquisition of OPTEC Inc., a Portland, Ore.-based provider of data communications integration and services. The acquisition was handled through FirstPoint, Enron's telecommunications unit at the time. It was originally part of Portland General. FirstPoint had announced in September 1997 an agreement with the Williams Communications Group unit of The Williams Cos. (Williams) and Montana Power's Touch America, to build a fiber optic network from Portland to Los Angeles.

For those of us covering the energy industry, you will recall that 1997 was a period of energy "convergence." Utilities were expanding into telecommunications at a head-spinning rate and oil and gas companies were busy doing "strategic acquisitions."

Williams had agreed to acquire Mapco Inc. for about $2.46 billion in stock and the assumption of about $1 billion in Mapco debt in November 1997. Also announced in the same month was Sonat Inc., known for its pipelines, agreeing to acquire closely held exploration and production concern Zilkha Energy Co. for $1.04 billion in stock. In June 1997, NGC Corp. announced that it had closed an acquisition of Destec Energy, Inc., a leading independent power producer, and had closed on the related sale of most of Destec's international projects and operations to AES Corp. for $407 million, subject to certain adjustments. The net cost of the assets to be retained by NGC, originally expected to be approximately $400 million, had been estimated to be in the range of $300 to $325 million, after the sale of certain non-strategic assets. Also occurring in June of 1997 was Duke Power Co. and Houston-based PanEnergy Corp. linking up in a "merger" that took approximately seven months to complete. Under terms of the agreement, shares of PanEnergy stock would be converted to 1.0444 shares of Duke Energy stock. Duke Energy would adopt Duke Power's present common stock dividend payment of $2.12 per share.

So Enron was not alone in the "merger-mania" field of energy companies expanding their balance sheet with strategic assets. Two years later however, Enron decided to exit Portland General. Enron had decided to sell Portland General to Sierra Pacific. With the announced sale, Kenneth Lay, Enron Corp. chairman and CEO said, "The rapidly evolving competitive electricity market allows us to deliver commodity services and risk management products to our customers without requiring the ownership of a regulated electric utility." Jeff Skilling, then Enron's president and COO, also chimed in by saying, "In general, we would say that Portland General is not as strategic as it was before-when it had a strong wholesale business that we could integrate with our nationwide wholesale business."

In the two years following the $3-billion purchase of Portland General, Enron found operating a strictly regulated electric utility to be frustrating. Oregon regulators approved the acquisition only after Enron agreed to cut power rates by $141 million, more than double what the company had proposed. Oregon regulators also rejected plans to sell Portland General's 14 power plants-playing havoc with Enron's asset management strategy.

Nevada-based Sierra Pacific Resources agreed to buy Portland General in November 1999. It was to pay $2.1 billion, including $2.02 billion in cash. It also was to assume about $1 billion in debt and preferred stock. The deal was officially called off in April of this year although it had been considered dead months before. Sierra Pacific planned to sell some of its Nevada assets to raise cash for the deal, but Nevada's move to electricity deregulation was delayed, and Sierra couldn't carry out the sales.

Enron begins to look for another buyer and has found Northwest Natural Gas Company. According to Enron, under terms of the agreement, Northwest will purchase Portland General from Enron for $1.875 billion. This is comprised of $1.55 billion in cash, $200 million in Northwest preferred stock, $50 million in Northwest common stock, and the assumption of Enron's $75-million balance on its customer benefits obligation, which was stipulated in its 1996 agreement to purchase Portland General. In addition to the purchase price, Northwest will assume approximately $1.1 billion in Portland General debt and preferred stock.

According to Moody's this morning, Northwest plans to form a holding company (HoldCo) that will become the parent of Northwest Natural and Portland General. HoldCo plans to finance this transaction with a combination of about $1.5 billion of bank borrowings, about $250 million of common stock and FELINE PRIDES (a mandatory convertible hybrid security) to be sold to Enron, and about $150 million of common stock to be sold to the public. Consummation of this transaction is contingent upon numerous regulatory approvals, which are expected to take from nine to twelve months.

Northwest principally is engaged in the distribution of natural gas. The Oregon Public Utility Commission has allocated to Northwest, as its exclusive service area, a major portion of western Oregon, including the Portland metropolitan area, most of the Willamette Valley and the coastal area from Astoria to Coos Bay. Northwest also holds certificates from the Washington Utilities and Transportation Commission granting it exclusive rights to serve portions of three Washington counties bordering the Columbia River. Gas service is provided in 96 cities, together with neighboring communities, in 17 Oregon counties, and in nine cities, together with neighboring communities, in three Washington counties. They serve more than 525,000 customers in northwest Oregon and southwest Washington. Portland General currently serves 730,000 customers and owns 2,015 megawatts of electric generation, split evenly between hydro, coal and natural gas.

So is energy convergence over? Absolutely not! Northwest is obviously moving into power with this purchase of Portland General from Enron. And it is a good move for them. They are obviously the local favorite, have an established network in the states of Oregon and Washington, and already have commodity delivery experience in the natural-gas arena. As far as I can tell, there are no "strings attached" to deregulation of Oregon in order for this deal to go through like in the Sierra Pacific deal. Let's see if Enron can finally sell its regulated electric utility asset. It's been trying since 1999.

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Reach thousands of utility analysts and decision makers every day. Your company can schedule a sponsorship of IssueAlert by contacting Jane Pelz  <mailto:jpelz@scientech.com>. Advertising opportunities are also available on our Website.
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Hi Marnie -
Next week is fine because the United Way thing is Friday afternoon.

Thanks,
Dana

 -----Original Message-----
From: 	Lamb, Marnie
Sent:	Wednesday, August 08, 2001 8:35 AM
To:	Davis, Dana
Subject:	Review

Hi Dana,

We need to get together for your review.  When are you unavailable this week or early next week?  I think you have fire marshall training this afternoon.  When is the United Way thing you are participating in?

Thanks,
Marnie


Yes.  Thanks.
--------------------------
Jim Steffes
Enron


Attached is the revised model with all of your transport deals from yesterday
and the farwell deal.  Please review and let me know if you agree with this.
If you agree, we will unwind/kill the TAGG deals and book the spreadsheet
amounts.  We are still working on the spread option and foreign exchange
being included in this model.  For the foreign exchange,  I took an average
exchange rate for the life of each deal for now.  Thanks.
PL


Rob-

From now on, I think Nelson Ferries (w/Enron) will be handling all our short
term wellhead purchases.  He may have talked to you already.   His number is
713-853-3061.  Thanks.

Susan Pereira

"Henk, Robert" <RHenk@barbnet.com> on 02/21/2001 03:55:21 PM
To: "'susan.w.pereira@enron.com'" <susan.w.pereira@enron.com>
cc:
Subject: March Gas

Susan, have you started buying March gas on Tenn (0)?


Greetings Jeff:

Hope all is well.  I hear that my cameo in the video upstaged the pie....

If there's anything I can do to assist on the request from Chambers, just let
me know.

All the best,
Jeff

	Laura Ipsen <lipsen@cisco.com>
	07/18/2001 03:39 PM

		 To: Jeff.Skilling@enron.com
		 cc: chambers@cisco.com, Jeff.Dasovich@enron.com
		 Subject: Broadband Discussion Opportunity & John Chambers

Mr. Skilling,

I am the Director of Government Affairs at Cisco and work for John Chambers
on broadband issues. John is currently one of 8 CEOs on a broadband task
force at TechNet that will drive our broadband policy agenda in the US.
TechNet (http://www.technet.org) is a 250+ tech CEO-driven policy/political
group.

We are interested in meeting with the someone in your Broadband Services
Group to discuss some of our ideas regarding a business and policy
strategy, and hoping you could direct us to the appropriate person(s).

Many thanks and regards from John.

Laura Ipsen
Director
Worldwide Government Affairs
Cisco Systems, Inc.
T:(408) 526-6650
F:(408) 853-1598

Visit <http://www.cisco.com/gov>Cisco Government Affairs Online
Sign up for <http://www.cisco.com/gov/archive/eupdates/index.html>Cisco's
Government Affairs E-Update


CALENDAR ENTRY:	EVENT

Description:
	Vacation - Tahoe for Chad's Wedding - comp day 6

Date:		3/30/2001
Duration (days):	1

Chairperson:	Stacey W White

Detailed Description:


Vince,
     I apologize, I sent you the wrong resume!  Here is the correct one.
 <<LITT_THO.DOC>>

Marshall Brown
Vice President
Robert Walters Associates
Phone #: 212-704-0596
Fax #:212-704-4312
marshall.brown@robertwalters.com
www.robertwalters.com

> -----Original Message-----
> From: Vince.J.Kaminski@enron.com [SMTP:Vince.J.Kaminski@enron.com]
> Sent: Wednesday, April 25, 2001 1:08 PM
> To: Marshall.Brown@robertwalters.com
> Subject: Re: Resume
>
>
> Marshall,
>
> He looks OK but below the level of quant skills I typically look for
>
> Vince
>
>
>
>
>
> Marshall Brown <Marshall.Brown@robertwalters.com> on 04/23/2001 09:33:00
> AM
>
> To:   Vince Kaminski <vkamins@ect.enron.com>
> cc:
> Subject:  Resume
>
>
> Vince,
>      I know this candidate is actively interviewing at El Paso and I think
> Reliant.  He has excellent quantitative background, but no real energy
> experience.  If you are interested in speaking with him let me know.
> Regards,
> Marshall Brown
> Vice President
> Robert Walters Associates
> Phone #: 212-704-0596
> Fax #:212-704-4312
> marshall.brown@robertwalters.com
> www.robertwalters.com
>
>
>  <<LITT_HAR.DOC>>
>
>
> **********************************************************************
> CAUTION: Electronic mail sent through the Internet is not secure and could
> be intercepted by a third party.
>
> This email and any files transmitted with it are confidential and
> intended solely for the use of the individual or entity to whom they
> are addressed. If you have received this email in error please notify
> the system manager.
>
> This footnote also confirms that this email message has been swept by
> MIMEsweeper for the presence of computer viruses.
>
> **********************************************************************
>
> (See attached file: LITT_HAR.DOC)
>
>  << File: LITT_HAR.DOC >>

 - LITT_THO.DOC


Greg

Have a great time with the $100 Million Club

Lavo and Dave
---------------------- Forwarded by John J Lavorato/Corp/Enron on 12/02/2000
09:40 AM ---------------------------

Rosalee Fleming on 12/01/2000 02:56:08 PM
To: James M Bannantine/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Cliff
Baxter/HOU/ECT@ECT, Sanjay Bhatnagar/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT,
Jeremy Blachman/HOU/EES@EES, Philippe A Bibi/HOU/ECT@ECT, Raymond
Bowen/HOU/ECT@ECT, Michael R Brown/LON/ECT@ECT, Harold G
Buchanan/HOU/EES@EES, Rick Buy/HOU/ECT@ECT, Richard Causey/Corp/Enron@ENRON,
Diomedes Christodoulou/SA/Enron@Enron, Wade
Cline/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, David Cox/Enron
Communications@Enron Communications, David W Delainey/HOU/ECT@ECT, James
Derrick/Corp/Enron@ENRON, Steve Elliott/Enron Communications@Enron
Communications, Jim Fallon/Enron Communications@Enron Communications, Andrew
S Fastow/HOU/ECT@ECT, Mark Frevert/NA/Enron@Enron, Ben F Glisan/HOU/ECT@ECT,
Kevin Hannon/Enron Communications@Enron Communications, David
Haug/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Rod Hayslett/FGT/Enron@ENRON,
Stanley Horton/Corp/Enron@Enron, James A
Hughes/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Larry L
Izzo/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Steven J Kean/NA/Enron@Enron,
Louise Kitchen/HOU/ECT@ECT, Mark Koenig/Corp/Enron@ENRON, Kenneth
Lay/Corp/Enron@ENRON, John J Lavorato/Corp/Enron@Enron, Dan Leff/HOU/EES@EES,
Danny McCarty/ET&S/Enron@Enron, Mike McConnell/HOU/ECT@ECT, Rebecca
McDonald/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Jeffrey McMahon/HOU/ECT@ECT,
Mark Metts/NA/Enron@Enron, Mark S Muller/HOU/EES@EES, Cindy
Olson/Corp/Enron@ENRON, Lou L Pai/HOU/EES@EES, Ken Rice/Enron
Communications@Enron Communications, Matthew Scrimshaw/LON/ECT@ECT, Jeffrey A
Shankman/HOU/ECT@ECT, Jeffrey Sherrick/Corp/Enron@ENRON, John
Sherriff/LON/ECT@ECT, Jeff Skilling/Corp/Enron@ENRON, Marty
Sunde/HOU/EES@EES, Greg Whalley/HOU/ECT@ECT, Thomas E White/HOU/EES@EES, G G
Garcia/NA/Enron@Enron, Marcia Manarin/SA/Enron@Enron, Susan
Skarness/HOU/ECT@ECT, Stacy Guidroz/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT,
Beena Pradhan/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Karen K
Heathman/HOU/ECT@ECT, Sharron Westbrook/Corp/Enron@ENRON, Kay
Chapman/HOU/ECT@ECT, Molly Bobrow/NA/Enron@Enron, Rosane
Fabozzi/SA/Enron@Enron, Stephanie Harris/Corp/Enron@ENRON, Bridget
Maronge/HOU/ECT@ECT, Nicki Daw/NA/Enron@Enron, Inez Dauterive/HOU/ECT@ECT,
Carol Ann Brown/Enron Communications@Enron Communications, Elaine
Rodriguez/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Cindy Stark/Corp/Enron@ENRON,
Mary E Garza/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Maureen
McVicker/NA/Enron@Enron, Joannie Williamson/Corp/Enron@ENRON, Vanessa
Groscrand/Corp/Enron@ENRON, Suzanne Danz/Corp/Enron@ENRON, Tori L
Wells/HOU/ECT@ECT, Cathy Phillips/HOU/ECT@ECT, Loretta
Brelsford/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Sue Ford/HOU/ECT@ECT, Dolores
Fisher/NA/Enron@Enron, Kathy McMahon/Enron Communications@Enron
Communications, Karen Owens/HOU/EES@EES, Dorothy Dalton/Enron
Communications@Enron Communications, Mercedes Estrada/Enron
Communications@Enron Communications, Christina Grow/Corp/Enron@ENRON, Lauren
Urquhart/LON/ECT@ECT, Sherri Sera/Corp/Enron@ENRON, Katherine
Brown/Corp/Enron@ENRON, Liz M Taylor/HOU/ECT@ECT, Judy G Smith/HOU/EES@EES,
Peggy McCurley/HOU/ECT@ECT, Marsha Schiller/HOU/ECT@ECT, Fiona
Stewart/LON/ECT@ECT, Jana L Paxton/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT,
Connie Blackwood/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Tammie
Schoppe/HOU/ECT@ECT, Kimberly Hillis/HOU/ECT@ect, Jennifer Burns/HOU/ECT@ECT,
Sharon Dick/HOU/EES@EES, Beverly Aden/HOU/EES@EES, Kathy Dodgen/HOU/EES@EES,
Kerry Ferrari/LON/ECT@ECT, Carol Moffett/HOU/EES@EES, Jennifer Adams/Enron
Communications@Enron Communications, Leah Rijo/Enron Communications@Enron
Communications, Lucy Marshall/Enron Communications@Enron Communications,
Kathy Campos/GPGFIN/Enron@ENRON, Julie Armstrong/Corp/Enron@ENRON, Kathryn
Greer/HOU/EES@EES, Mrudula Gadade/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Brenda
Castillo/NA/Enron@Enron
cc:

Subject: The Enron Corporate Policy Committee Retreat

Ken and Jeff have decided that the Enron Executive Committee Retreat will
include only the Corporate Policy Committee this year.  (See list of members
below.)  You may be holding the timeframe of January 16-18, 2001 on your
calendar, which you can now free up if you are not on the committee.

The location of the retreat is under consideration.  When a decision is made,
we will get the information to the members of the Corporate Policy
Committee.  Departure for the retreat will be early afternoon on Tuesday,
January 16 with return to Houston late afternoon on Thursday, January 18.

Please don't hesitate to call me if you have any questions at 713-853-6088.

Rosie

Enron Policy Committee

Baxter, Cliff
Causey, Rick
Derrick, Jim
Fastow, Andy
Frevert, Mark
Hannon, Kevin
Horton, Stan
Kean, Steve
Lay, Ken
Pai, Lou
Rice, Ken
Skilling, Jeff
Whalley, Greg


The Atlanta Helpdesk phone number, 770-738-2101 is back in service after BellSouth replaced the failed equipment.


Ms. Rosenthal:

Sara Shackleton just left for vacation until after Labor Day, but asked me to respond to your e-mail regarding sending us your completed ISDA schedule.  Our Credit Department has said that Enron Corp. will provide a parent guaranty for ECT Investments, Inc., however, they would like for CSFB to also provide a guaranty since CSFB (Europe) is not a rated entity, or provide independent financial statements for CSFB (Europe).  Our Credit Department did not provide us with a cap for the Enron Corp. guaranty.

You can send your ISDA Schedule to my attention and we will proceed with reviewing same.

Thank you.

Marie Heard
Senior Legal Specialist
Enron North America Corp.
Phone:  (713) 853-3907
Fax:  (713) 646-3490
marie.heard@enron.com


Following please find the Daily EnronOnline Executive Summary.

EnronOnline Executive Summary for 12/04/00
Transaction Summary
External Transactions Today	5,500
Average Daily External Transactions (30 day Trailing Avg)	4,097
Total Life to Date Transactions	493,715

EnronOnline Daily % of Entity's Total Transactions for 12/04/00	Trans	Percent
Enron North America	4,957	80%
Enron Europe Limited	119	27%
Global Products	224	34%
Enron Metals	200	8%

EnronOnline Percentage of Total Corporate Transactions
(30 day Trailing Avg)	54%

Gross Notional Value of EnronOnline Transactions	Total
Today	6,718,666,961
MTD	11,437,759,254
LTD	290,608,284,119
Average Daily Notional Value (30 Day Trailing Avg)	3,095,165,757

Notional Revenue from Physical Flows to Date	19,315,426,224

Counterparties, Users, and Products Offered
Counterparties having transacted to date	593
New Counterparties transacting for the first time today	2
Number of Products Offered Today	1,138
Total Number of External Users Logged on Today	3,225
Average # of External Users logged on (30 day Trailing Avg)	2,890


Kent,

Please forward this to Sally Beck.

Thanks,
Patti
---------------------- Forwarded by Sally Beck/HOU/ECT on 02/15/2000 12:51 PM
---------------------------

Sue Frusco@ENRON_DEVELOPMENT
02/13/2000 02:10 PM
To: Sally Beck@ENRON_DEVELOPMENT, Ted Murphy@ENRON_DEVELOPMENT, John
Sorrells@ENRON_DEVELOPMENT
cc:
Subject: Argentine Gas Process Flow

Greetings.

Attached is the Argentine gas process flow, which has been under review for
the past month or so by Mike Guerriero, his staff in BA and my group in
Houston.   The Southern Cone trading support is based off of this model, so
it also applies to power in BA and SP.   I do have process flows for power in
both places, but I would like to revisit them prior to distribution.   If you
would like them regardless, just let me know and I will pass them along asap.

I hope you have a successful trip.   Please let me know how I can be of
help.   I am curious to hear your findings.

 Sue (713.349.0733 [home]; 713.703.3706 [mobile])