The State Lockyer Fires Earthy Attack at Energy Exec
Los Angeles Times, 05/23/01

World Watch
The Wall Street Journal, 05/23/01

Consumer rights cited in petition with Texas PUC
Houston Chronicle, 05/23/01

Enron to meet with Indian officials
Houston Chronicle, 05/23/01

New Cynet president to administer change
Houston Chronicle, 05/23/01

Enron, Indian goverment talks on power dispute put off
Associated Press Newswires, 05/23/01

Enron says Indian panel calls off power contract meeting, gives no explanation
AFX News, 05/23/01

Enron, Maharashtra Power Dispute Negotiator Resigns (Update4)
Bloomberg, 05/23/01

INDIA: Head of India state panel for Enron talks quits.
Reuters English News Service, 05/23/01

India Enron Negotiator Offers To Resign After Criticism
Dow Jones International News, 05/23/01

India Dabhol Pwr Co: Mtg With State Govt Panel Canceled
Dow Jones Energy Service, 05/23/01

INDIA PRESS: Dabhol Row To Cause INR30B Loss To Lenders
Dow Jones International News, 05/23/01

INDIAN CHIEF MINISTER URGES PANEL CHAIRMAN TO WITHDRAW RESIGNATION
Asia Pulse, 05/23/01

India: MSEB to pay Dabhol bill 'under protest'
Business Line (The Hindu), 05/23/01

US ENRON CORP PULLS OUT OF QATAR-UAE GAS PROJECT
Asia Pulse, 05/23/01

Maharashtra may terminate DPC's services
The Economic Times, 05/23/01

ASIA-PACIFIC: Enron may seek damages NEWS DIGEST
Financial Times; May 23, 2001

Enron goes for valuation of businesses in India
Business Standard, 05/23/01

SEC Task Force Says Investors Need More 'Soft' Data
Dow Jones Business News, 05/22/01

BANDWIDTH BEAT: Video On Demand II May Have Happy Ending
Dow Jones Energy Service, 05/22/01

USA: FERC sets Thursday conference on Calif natgas problems.
Reuters English News Service, 05/22/01

Enron Hires Consultants to Value Business in India, Paper Says
Bloomberg, 05/22/01

California; Metro Desk
The State Lockyer Fires Earthy Attack at Energy Exec
JENIFER WARREN
TIMES STAFF WRITER

05/23/2001
Los Angeles Times
Home Edition
B-7
Copyright 2001 / The Times Mirror Company

SACRAMENTO -- In a dramatic escalation of energy crisis rhetoric, California
Atty. Gen. Bill Lockyer this week suggested the chairman of a Houston-based
power company should be locked in a prison cell with an amorous, tattooed
inmate named Spike.
Lockyer, who is investigating whether energy firms have manipulated prices on
the wholesale electricity market, made the comment in an interview with the
Wall Street Journal that appeared Tuesday.
"I would love to personally escort [Enron Corp. Chairman Kenneth] Lay to an
8-by-10 cell that he could share with a tattooed dude who says, 'Hi my name
is Spike, honey,' " Lockyer said.
Enron spokesman Mark Palmer called the comment "counterproductive rhetoric"
that "does not merit a response."
But other industry representatives denounced the remark as "outrageous,"
especially because neither Lockyer's office nor any investigative panel has
filed charges against Enron or other companies.
"You'd expect that the state's chief legal counsel would file charges first
and make public statements second," said Gary Ackerman of the Western Power
Trading Forum, an association of energy producers and traders. "We're very
disappointed with his choice of words, which don't exactly fit the profile of
his office."
In an interview Tuesday, Lockyer said he decided to "ratchet up" the
commentary to "put [energy companies] on notice" that "we are not afraid of
them and have the will to prosecute."
"What I'm trying to do is let these economic buccaneers understand that if we
catch them, they're going to be prosecuted," Lockyer said. "Just because
they're multimillionaires and run big corporations, it doesn't provide them
with immunity."
The attorney general is investigating whether power company officials tried
to maximize profits through illegal manipulation of prices on the wholesale
energy market. Several panels, including a state Senate committee and the
California Public Utilities Commission, are conducting similar probes.
On Tuesday, Lockyer announced that three power companies have agreed to turn
over documents subpoenaed months ago by his investigators. The attorney
general went to court to obtain the documents after the companies failed to
meet a March 19 deadline to hand them over.
Lockyer said the forthcoming documents would help his office as it sifts
through mountains of evidence in search of possible violations of antitrust
or unfair business practice laws.
"Evidence is accumulating that certainly infers illegal activity," Lockyer
said. "But we need to make sure it's compelling and clear enough that you can
convince a jury."
Lockyer said he singled out Enron's chairman because the Houston company is
the world's largest energy trader.
At least one observer found Lockyer's comments refreshingly candid. Harry
Snyder, a senior advocate of Consumers Union, said, "Let Lockyer be Lockyer."
*
Times staff writer Dan Morain contributed to this story.

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

International
World Watch
Compiled by David I. Oyama

05/23/2001
The Wall Street Journal
A21
(Copyright (c) 2001, Dow Jones & Company, Inc.)

Enron Unit Threatened With India Fine
An Indian state utility is planning to impose a second penalty of four
billion rupees ($85 million) on U.S. energy company Enron's local unit,
barely a week after Enron took its first step to pull out of the embattled
power project. A Maharashtra State Electricity Board official said the fine
on Dabhol Power would be for not meeting capacity targets within a stipulated
period. Dabhol Power officials declined to comment. The MSEB earlier this
year imposed a similar penalty on Dabhol, which it hasn't paid, saying its
plant couldn't be ramped up to full capacity within three hours from a cold
start.

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

May 23, 2001, 4:38AM
Consumer rights cited in petition with Texas PUC
By LAURA GOLDBERG
Copyright 2001 Houston Chronicle
Residential consumers switching power companies under a pilot deregulation
program aren't being properly informed of their rights, four consumer groups
said Tuesday.

At issue is a document called "Your Rights as a Customer" that electric
providers are required by the state Public Utility Commission to give
consumers signing up to switch companies.
The document must include information on a variety of topics, including
filing complaints against providers, protection against unauthorized service
switches, meter testing and privacy rights.
Consumers Union, Texas Legal Services Center, Texas Ratepayers' Organization
to Save Energy and the AARP Capital City Task Force for Deregulation of
Electricity filed a petition Tuesday with the PUC.
In it, they asked the PUC to require electric providers to fix their
documents, to take any other action needed to clear up consumer confusion
that may be occurring, and to develop a standard document format for
providers to use.
They also ask that the PUC's education campaign better inform consumers of
their rights.
Starting Jan. 1, when the Texas electricity market deregulates, all Texas
consumers will be able to choose power providers.
Before that, a limited number of consumers will be able to get power from new
providers under the state's pilot program starting in July.
Nearly 50,000 residential customers have signed up for the pilot, and
thousands of slots are still open.
That Texas consumers haven't had to shop for electricity presents a challenge
to start with, said Janee Briesemeister, senior policy analyst with Consumers
Union Southwest Regional Office.
"And when the information that is given to consumers is confusing, they're at
a further disadvantage," she said, adding that the PUC said it would adopt a
standard format for the document and hasn't done so yet.
Terry Hadley, a spokesman for the PUC, said the agency did promise a standard
format for full competition, which starts in January. Officials hope to work
with the consumer groups to address their concerns, he said.
"It is yet another reason for the pilot project, so that we can get all these
things done to everyone's satisfaction before the full roll-out come
January," he said.
The commissioners may discuss the petition at its open meeting Thursday.
The consumer groups analyzed the "Your Rights as a Customer" documents being
used by seven electric providers and concluded that none satisfied all the
PUC disclosure requirements.
Some try to put information in easy-to-understand language, while others
don't, the groups said.
The procedure to file complaints with electricity providers, and then with
the PUC, are identical for all providers, the petition noted.
"However, depending on which `Your Rights' document you read, the way the
complaint process works and how you access it varies," it goes on to say.
"Accessing and utilizing the customer complaint process should be
straightforward and objective, not a riddle for consumers to solve."
For example, the petition says, one provider doesn't explain an electric
provider's responsibility to do an investigation and give the customer the
results within 21 days, while another leaves out PUC important contact
information and basics on what information is needed to file a complaint.
The groups reviewed the "Your Rights" documents being given to consumers by
following companies: Entergy Solutions, First Choice Power, Green Mountain
Energy Co., The NewPower Co., Shell Energy and TXU Energy Services. All are
vying for customers in Houston. The document of Reliant Energy Retail
Services, which is marketing to customers outside Houston, was also included.
Officials with Shell Energy, NewPower and First Choice said they were still
reviewing the petition and couldn't comment on it, while TXU couldn't be
reached.
Green Mountain Power said it followed appropriate guidelines in creating its
document but does support a standard format, while Shell said it would back
anything that makes it easier for customers to understand their rights.
"While Entergy Solutions is very confident that our document provides a
complete picture of consumer protections, we agree that `Your Rights as a
Customer' should be standardized," said Jim DeLong, Entergy's vice president
of retail markets.
Pat Hammond, a Reliant spokeswoman, said the company had already incorporated
suggestions about its document made by PUC officials, who reviewed a draft.
Most of the petition's comments relate to items that don't apply until full
deregulation starts, Hammond said.
While Reliant believes its document follows the rules, it plans to draft a
new one for full deregulation.

May 23, 2001
Houston Chronicle
Enron to meet with Indian officials
BOMBAY, India -- The Indian subsidiary of Houston-based power concern Enron
Corp. said Tuesday it would meet government officials for talks on a power
supply dispute.
"We look forward to hearing the proposed solutions ... particularly relating
to creditworthy purchases for the power," said a statement from Dabhol Power
Co., Enron's Indian unit.
The statement comes two days after the company issued a preliminary notice to
the Maharashtra State Electricity Board, a state-run utility, that it would
stop supplying electricity if the government company continued to default on
payments.
Representatives from Houston-based Enron will meet today with officials from
the utility, the federal government and Maharashtra, the western Indian state
where the project is located.
The electricity board has denied it defaulted on paying electricity bills to
the power company that is setting up a $3 billion project in Maharashtra
state. Electricity board officials said overdue December and January bills of
$48 million should be offset against a fine of $85.31 million it imposed on
Enron for not supplying power during the period. Enron disputes the fine.
Politicians in Maharashtra say the cost of Dabhol power is too high and have
called for renegotiating the tariff. Others have suggested selling power to
nearby power-hungry states.

May 23, 2001
Houston Chronicle
New Cynet president to administer change
Executive plucked from vendor in Michigan
By TOM FOWLER
Copyright 2001 Houston Chronicle
Houston company Cynet has chosen an executive from one of its vendors to lead
it through a reorganization as its new president and chief operating officer.
Robert Demyanovich, the founder of Michigan-based Mail2Media, a company Cynet
planned to work with as a vendor, will take on the new posts to help the
company reach profitability by early next year.
"What caught our eye about him was his background in a part of our core
business through fax and e-mail," said Sam Beale, vice president and general
counsel for Cynet.
Demyanovich will continue to have an advisory capacity with his prior
company, but will move from Detroit to Houston to take on the Cynet position
full time.
Vincent Beale Sr., chairman and chief executive officer of Cynet, said
Demyanovich will help the company focus on growing its two core products,
global messaging software and wireless device technology.
"He has already been instrumental in helping the company shape its revised
business plan, along with aggressive cost reduction initiatives as the
primary drivers in reaching profitability," Vincent Beale said.
Part of the reorganization has included cutting its staff by about 60
percent. Cynet has been steadily eliminating jobs since last winter, going
from a high of about 125 workers to about 50.
In February, Cynet also signed an agreement with AECsoftUSA to transfer all
existing accounts through its Cynet Interactive service to AECsoft. In
exchange, AECsoft would forgive outstanding amounts owed by Cynet.
The company expects to take a one-time charge in the current quarter to
account for the reorganization, but officials expect it to cut the quarterly
cash burn rate from $2 million to cash flow positive by the first quarter of
2002.
Both the changing climate for technology companies and the failure of a deal
to sell off part of the business to a French company fueled the
reorganization.
The technology market downturn that started last spring has made investors
demand a clearer path to profit rather than simply revenue growth, the Beales
said, meaning the company needed to slim down and focus on running
efficiently.
The company also saw a deal to sell its fax broadcasting business to I-Media
Group of France fall apart when I-Media couldn't raise the $6.7 million
negotiated in the deal. Instead, Cynet decided to integrate that technology
back into its global messaging product, said Chief Financial Officer Greg
Smith.
The global messaging product line will now let businesses send out messages
to thousands of recipients at once via fax, e-mail or voice messaging.
With new technology that will be introduced by Cynet's relationship with
Demyanovich, the software will also let a user design a message and send it
via printed media, such as a letter through the mail.
The company will also focus on its high-speed wireless technology offerings,
such as an add-on to the Compaq iPaq Pocket PC that turns the hand-held
digital assistant into a cell phone.
When it went public in January 2000, Cynet became Houston's only
African-American-managed publicly traded company. It has received financial
backing from Enron and Compaq Computer Corp., which has an 8.9 percent stake
in the company from an earlier $2 million investment and a recent loan.

Enron, Indian goverment talks on power dispute put off

05/23/2001
Associated Press Newswires
Copyright 2001. The Associated Press. All Rights Reserved.

BOMBAY, India (AP) - Talks on a power supply dispute between government
officials and the Indian subsidiary of the American energy company Enron were
canceled Wednesday after the head of a negotiating panel resigned.
Madhav Godbole, chairman of the panel of state and federal government
officials and officers of a state power utility, resigned to protest a
statement by a top politician that implied the panel had a "negative"
attitude.
Sharad Pawar, leader of the Nationalist Congress Party that runs the
Maharashtra state coalition government, told reporters late Tuesday that he
did not foresee a positive resolution since the panel was headed by a person
with "negative attitudes."
Pawar, who did not name Godbole, later said his statement had been
misinterpreted. He said he had merely stated that the panel needed to work
with a more positive frame of mind.
Representatives of Dabhol Power Co., Enron's Indian unit, were scheduled to
meet the state-government appointed panel three days after the company issued
a notice to stop supplying electricity if the Maharashtra State Electricity
Board continued to default on payments.
A new date for the next meeting has not yet been fixed.
Godbole earlier headed a five-member committee that submitted a 198-page
report last month to the state government recommending renegotiating a power
supply agreement with Enron to lower prices.
State government ministers have protested that the power supplied by phase
one of Dabhol's two-year-old naphtha unit is "unaffordable."
While Enron has demanded that the power utility, the Maharashtra State
Electricity Board, make electricity payments on time, the board denies it is
a defaulter.
The board has asked that overdue December and January bills of dlrs 48
million be offset against a fine of 4 billion rupees (dlrs 85.31 million) it
slapped on Enron for not supplying power during the same period. Enron has
refuted the fine.
(rtb-ng-bdb-twx)

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

Enron says Indian panel calls off power contract meeting, gives no explanation

05/23/2001
AFX News
(c) 2001 by AFP-Extel News Ltd

NEW DELHI (AFX) - U.S.-based Enron Power Corp said a meeting with an Indian
expert panel set up to renegotiate an electricity supply contract to
Maharashtra state had suddenly been called off.
"We went to attend the meeting and we were told the meeting was called off.
We were not assigned any reason for that," a spokesman for Enron's Indian arm
told Agence France-Presse.
jn For more information and to contact AFX: www.afxnews.com and
www.afxpress.com

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

Enron, Maharashtra Power Dispute Negotiator Resigns (Update4)
2001-05-23 07:08 (New York)

Enron, Maharashtra Power Dispute Negotiator Resigns (Update4)

     (Adds Maharashtra chief minister's comments in third
section.)

     Mumbai, May 23 (Bloomberg) -- A negotiator trying to resolve
a payment dispute between Enron Corp. and India's Maharashtra
State Electricity Board resigned after being criticized for the
way he handled the talks, setting back hopes for a compromise.
     ``The meeting has been canceled because (Madhav) Godbole has
put in his papers,'' said Vinay Bansal, chairman of the
electricity board. ``It's not certain when the meeting will be
held again.''
     The meeting had been scheduled for 11 a.m. Mumbai time.
Dabhol on Saturday began a procedure to end its power supply
contract by serving a ``preliminary termination notice'' on the
electricity board because of unpaid electricity bills.
     India's federal and state governments, which have guaranteed
payments for power by the board and some of the loans to help fund
the project, may have to pay Dabhol more than 170 billion rupees
($3.6 billion) if it carries through termination of the 2,184
megawatt power venture.
     Dabhol is owed 3 billion rupees by the board for power
supplied in December and January. The board has refused to pay
because it said the bills should be lower to reflect a penalty
Dabhol should pay for failing to supply power at full capacity.
     Dabhol is 65 percent owned by Houston-based Enron, the
world's biggest energy trader.
     Godbole, a former chairman of the electricity board, was
criticized for his handling of the negotiations between Enron and
the electricity board.

                            Statements

     ``I have resigned because of statements made against me'' by
Sharad Pawar, leader of the Nationalist Congress Party in the
state's ruling coalition, Godbole said in an interview. The
decision to quit was ``well-considered,'' he said.
     The Economic Times quoted Pawar as saying ``a person with a
positive attitude should head the renegotiation panel. A
pessimistic disposition about Enron will further antagonize the
two parties.''
     Pawar was the state's chief minister when Enron first signed
the power supply agreement with the electricity board.
     Anti-Enron activists went to Godbole's residence in South
Mumbai to try to persuade him to return to the negotiating
committee, as they view him as a supporter of their cause.
     ``It's important to get him back,'' said Pradyumna Kaul, an
activist with Enron Virodhi Andolan, a non-governmental
organization opposed to the project. Still, he said Godbole's
resignation has helped focus attention on the need for a solution.

                         Press Conference

     At a press conference, Maharashtra Chief Minister Vilasrao
Deshmukh said the state government hasn't accepted Godbole's
resignation.
     ``We are going to ask him to start working again,'' he told
reporters. ``We'll clear all the misunderstandings.''
     Chhagan Bhujbal, deputy chief minister of the Maharashtra
government, and a member of the Nationalist Congress Party, said
his party supports Godbole.
     ``Let the state government's response come, and I will give
it a thought,'' Godbole said, when told of the comments at the
press conference.
     About ten days ago, three other members of the committee led
by Godbole, including Deepak Parekh, chairman of Housing
Development Finance Corp., India's biggest home mortgage lender,
quit citing personal reasons.
     The committee was set up by Maharashtra after Dabhol in April
authorized its Managing Director Wade Cline to cancel the power
supply contract.
     Enron has called on India's federal government to ensure a
resolution of the dispute.
     ``I am awaiting the return of the power minister who is
abroad,'' Finance Minister Yashwant Sinha told reporters in New
Delhi. Power Minister Suresh Prabhu was in France and is returning
later today.

INDIA: Head of India state panel for Enron talks quits.

05/23/2001
Reuters English News Service
(C) Reuters Limited 2001.

BOMBAY, May 23 (Reuters) - The head of an Indian panel examining ways to
restructure U.S. energy giant Enron Corp's troubled power project resigned on
Wednesday, dashing hopes of an early settlement of the dispute.
Enron's $2.9 billion project in the western state of Maharashtra is widely
seen as a test case for India's plans to privatise its power sector.
"I spoke to the chief minister (of Maharashtra) this morning and I have
submitted my resignation to him," panel chief Madhav Godbole told Reuters.
After months of wrangling over a payments dispute with the cash-strapped
state electricity board, the Enron unit that runs the project, Dabhol Power
Co, last Saturday issued a preliminary notice to terminate its contract to
sell power to the utility.
Godbole said he did not approve of a statement on Tuesday by Sharad Pawar,
president of the National Congress Party (NCP), describing Godbole, a former
bureaucrat, as having a negative approach.
Pawar's NCP is a major ally of the coalition government that rules
Maharashtra.
A meeting between the panel and Enron's Dabhol Power Company scheduled for
Wednesday has been cancelled, Godbole said.
The negotiating panel was expected to look at cutting power tariffs as well
as third-party sales if the state-run utility could not absorb the power
generated by the power project, located at Dabhol, on India's west coast.
Media reports on Wednesday quoted Pawar as saying the attitude of the
renegotiating committee was a cause of concern.
"If you have to renegotiate, you have to strengthen and not weaken the
hands," Godbole said. "This way there is no productive work that can be
done."
Dabhol's termintion notice is widely seen as a first step by Houston-based
Enron to pull out of the 21,84 MW power project.
The project's 740 MW first phase has begun operation, and the 1,444 MW second
phase is expected to be commissioned later this year. Dabhol Power Corp is 65
percent owned by Enron.

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

India Enron Negotiator Offers To Resign After Criticism

05/23/2001
Dow Jones International News
(Copyright (c) 2001, Dow Jones & Company, Inc.)

NEW DELHI -(Dow Jones)- Madhav Godbole, chairman of the committee appointed
by the Maharashtra government to renegotiate the power purchase agreement
with the Enron Corp.'s (ENE) Indian unit Dabhol Power Co. resigned from the
panel Wednesday, according to Press Trust of India.
"I have resigned due to the derogatory remarks made against me by Nationalist
Congress Party Chief, Sharad Pawar, last night," Godbole told Press Trust.
He has sent his resignation to Maharashtra state Chief Minister Vilasrao
Deshmukh, Press Trust reports. But Star TV said Deshmukh has asked Godbole to
stay on.
In an apparent criticism of Godbole, Pawar who is a member of the state
coalition government, said last night he was apprehensive about the outcome
of the renegotiations "as those leading the talks from the government side
are working with a negative approach."
Late Tuesday, Enron said it was prepared to meet government officials for
talks scheduled Wednesday on a power supply dispute.
"We look forward to hearing the proposed solutions... particularly relating
to creditworthy purchases for the power," said a statement from Dabhol Power
Co.
The statement came two days after the company issued a preliminary notice to
the Maharashtra State Electricity Board, a state-run utility, that it would
stop supplying electricity if the government company continued to default on
payments.
Enron representatives were scheduled to meet officials from the western
Indian state of Maharashtra, where the project is located, and federal
government and MSEB officials Wednesday.
The MSEB has denied it defaulted on paying electricity bills to the power
company that is setting up a $3 billion project in Maharashtra state. MSEB
officials said overdue December and January bills of $48 million should be
offset against a fine of 4 billion rupees ($1=INR47.005) it imposed on Enron
for not supplying power during the period. Enron disputes the fine.
Politicians in Maharashtra say the cost of Dabhol power is too high and have
called for renegotiating the tariff. Others have suggested selling power to
nearby power-hungry states.
Politicians complain Dabhol's costs have averaged more than INR4 as against
INR1.8 per unit agreed in 1995 for the naphtha-generated electricity from the
740-megawatt plant.
The controversy erupted last year when prices shot up to INR7 per unit
because of worldwide fluctuations of oil prices and depreciation of the rupee.

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

India Dabhol Pwr Co: Mtg With State Govt Panel Canceled

05/23/2001
Dow Jones Energy Service
(Copyright (c) 2001, Dow Jones & Company, Inc.)

NEW DELHI -(Dow Jones)- Enron Corp.'s (ENE) Indian unit Dabhol Power Co. said
Wednesday a meeting with the Maharashtra state government's expert panel -
scheduled for 0530 GMT Wednesday - has been called off, spokesman Jimmy Mogal
told Dow Jones Newswires.
The aim of meeting was to renegotiate a power purchase agreement between DPC
and the Maharastra State Electricity Board.
"We went to the meeting today (Wednesday) but we were told the meeting had
been called off. Although no official reason was given, we were given to
understand that the chairman of the panel, Madhav Godbole, had resigned."
Local press reports confirmed Godbole's resignation Wednesday.
"I have resigned due to the derogatory remarks made against me by Nationalist
Congress Party Chief, Sharad Pawar, last night," Godbole told the Press Trust
of India.
Mogal said Dabhol will be waiting to hear from the Maharashtra state
government and the MSEB to determine its future course of action.
He declined to say whether the DPC will participate in a meeting with the
state panel if it was headed by a new chairman.
"I would not comment on this issue now. Let the Maharashtra state government
decide first on what they want to do next," Mogal said.
Late Tuesday, Enron said it was prepared to meet government officials for
talks scheduled Wednesday on the long-running power supply dispute.
"We look forward to hearing the proposed solutions... particularly relating
to creditworthy purchases for the power," said a statement from Dabhol Power
Co.
The statement came two days after the company issued a preliminary notice to
the MSEB, a state-run utility, that it would stop supplying electricity if
the government company continued to default on payments.
The MSEB has denied it defaulted on paying electricity bills to the power
company that is setting up a $3 billion project in Maharashtra state.
MSEB officials said overdue December and January bills of $48 million should
be offset against a fine of 4 billion rupees ($1=INR47.005) it imposed on
Enron for not supplying power during the period. Enron disputes the fine.
-By Himendra Kumar, Dow Jones Newswires; 91-11-461-9427; Himendra
Kumar@dowjones.com

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

INDIA PRESS: Dabhol Row To Cause INR30B Loss To Lenders

05/23/2001
Dow Jones International News
(Copyright (c) 2001, Dow Jones & Company, Inc.)

BOMBAY -(Dow Jones)- The three Indian lenders to the Dabhol Power Company -
Industrial Development Bank of India, State Bank of India and ICICI - may
take a loss of 30 billion rupees ($1=INR47.005) if the company decides to
invoke the accelerable guarantee clause in the wake of the preliminary
termination notice, the Business Standard reports.
The clause says that the lenders will have to cover the loans should the
project fail.
Also at stake is the lenders' INR22.5 billion in direct loans outstanding
from the Dabhol Power Company, the Indian arm of Enron Corporation, the
newspaper said.
According to the newspaper, if the accelerable guarantee clause is invoked,
the three Indian financial intermediaries will face a massive cash crunch.
From phase 1 of Dabhol's project, the outstanding foreign loan from Exim of
the U.S. for $221 million is backed by the guarantees of the three Indian
lenders.
The project has run into controversy with the Maharashtra government and the
Maharashtra State Electricity Board over power supply dues. The power company
has threatened to withdraw from the massive power project, one of India's
largest foreign direct investments.

Web Site: www.business-standard.com

-By Bombay Bureau, Dow Jones Newswires;
91-22 2884211;djn.bombay@dowjones.com -0- 23/05/01 04-44G

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

INDIAN CHIEF MINISTER URGES PANEL CHAIRMAN TO WITHDRAW RESIGNATION

05/23/2001
Asia Pulse
(c) Copyright 2001 Asia Pulse PTE Ltd.

MUMBAI, May 23 Asia Pulse - The Chief Minister of the western state of
Maharashtra, Vilas Rao Deshmukh, today appealed to Madhav Godbole to withdraw
his resignation from chairmanship of the committee set up for negotiating the
power purchase agreement (PPA) with the Enron-promoted Dabhol Power Company
(DPC).
Godbole, former federal Home Secretary, submitted his resignation to the
chief minister this morning after an adverse comment made against him by the
Nationalist Congress Party president Sharad Pawar at a public function last
night.
"Godbole's in-depth knowledge and experience makes him indispensible for
handling vexed issues such as renegotiation with the US energy giant,"
Deshmukh told PTI.
"I am requesting on behalf of Maharshtra government that he reconsider his
decision to resign," he added.
In an apparent criticism of Godbole, Pawar had said, he was "apprehensive of
the outcome of the discussions with Enron as those leading the talks from the
government side are working with a negative approach".
(PTI) 23-05 1751

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

India: MSEB to pay Dabhol bill 'under protest'

05/23/2001
Business Line (The Hindu)
Copyright (C) 2001 Kasturi & Sons Ltd (KSL); Source: World Reporter (TM) -
Asia Intelligence Wire

MUMBAI, May 22. THE Maharashtra State Electricity Board will pay Dabhol Power
Company's April bill on May 25 "under protest". "We will pay DPC Rs 137 crore
under protest unless Enron takes any step to jeopardise the situation," a
senior MSEB official said.
The two companies will come face-to-face at the negotiating table on
Wednesday.
According to the official, the board will pay the bill "under protest"
because DPC refused to adjust the rebate slapped on MSEB in its earlier
bills.
"We had asked them (DPC) to carry out corrections in their February bill when
we had slapped the penalty. We had asked them to show the shortfall in
supplying power to MSEB, for which we charged them the rebate, in their
earlier bills. But DPC did not do so," the official said.
The board plans to charge DPC for the shortfall in supply for February and
May. The rebate is calculated once in four months and the last couple of
defaults in supply will be charged at the end of this month, he said.
"There is a cap on the rebate amount we can charge so the amount may not
exceed Rs 400 crore," the official said. MSEB had earlier slapped a rebate of
Rs 401 crore on DPC for shortfall in power supply on January 28.
"Although we are paying the April bill under protest, we hope that DPC will
make the required corrections in the May bill which is due on June 5," the
official said.
Enron keen on Dabhol: Meanwhile, according to sources, Enron is keen on
continuing with the Dabhol power project and would like its lenders to
continue disbursements, in spite of beginning the termination process.
They said some lenders are also of the view that since it is more than 90 per
cent complete, it makes more sense to finish the project.
Lenders had stopped disbursement of funds to the project some time early this
year following the dispute between DPC and MSEB.
Indian lenders had consistently maintained that they preferred going ahead
with DPC. They had also succeeded at a London meeting last month to persuade
all lenders to not consent to terminating the project.
It was, however, the foreign lenders' will that prevailed ultimately, and
they gave their consent last week to invalidate the power purchase agreement
with MSEB.
DPC today confirmed that it would be present at the Godbole Committee meeting
on Wednesday. DPC's stand is also being viewed by Indian lenders as a
"positive" development after the pre-termination notice being served.
DPC said in a release issued here, "consistent with our traditional practice
of being open to discussions with MSEB, State Government and the Centre, we
confirm that DPC will be represented at the Godbole panel meeting tomorrow.
We look forward to hearing the proposed solutions from the committee,
particularly related to creditworthy purchasers for the power. In addition,
we are extremely interested in the Centre's attendance and learning of their
expected role." The Central Government representative, Mr A.V. Gokak, was not
present at the last meeting as he was "appointed at too short a notice". DPC
had cited it as the Centre's unwillingness to take any "positive" role in the
process.
Our Bureau

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

US ENRON CORP PULLS OUT OF QATAR-UAE GAS PROJECT

05/23/2001
Asia Pulse
(c) Copyright 2001 Asia Pulse PTE Ltd.

ABU DHABI, May 23 Asia Pulse - US Enron Corp. has bowed out from a US$500
million phase of a US$6-US$S8 billion project to route Qatari gas to the
United Arab Emirates and has sold its 24.5 per cent stake in Dolphin Energy
Ltd (DEL) to UAE Offsets Group (UOG) for an undisclosed amount, regional
newspapers including Oman Observer report today.
Reuters reported that a senior Enron official for the Middle East explained
at a press conference that Enron was not suited to a project that had evolved
into a major upstream venture.
Last week, the Middle East Economic Digest reported that the profit margin
for Enron would be low and that other partners in the project regarded the
company's estimated cost for constructing and laying pipeline as too high.
TotalElfFina is reported to be interested in increasing its 24.5 per cent
stake in the project although DEL Chairman Ahmed Ali Al Sayegh emphasised
that DEL would seek another partner in the project.
Qatar sits on the world's third largest gas reserves.
(ONA) 23-05 1431

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

Maharashtra may terminate DPC's services
Girish Kuber

05/23/2001
The Economic Times
Copyright (C) 2001 The Economic Times; Source: World Reporter (TM)

MUMBAI
THE DABHOL Power Company is likely to be served with a primary termination
notice from the Maharashtra government.
Senior officials of the state's energy department and the Maharashtra State
Electricity Board on Tuesday, separately, held a series of meetings with
Maharashtra's Advocate-General to decide their strategy.
"This is certainly the first option we are looking at to tackle the situation
after the Enron served a PTN to MSEB," sources from the state's energy
minister said.
The state government and MSEB will issue a primary termination notice to DPC
if Enron refuses to change its stand and 'non-cooperation' with the Godbole
panel continues. "This could be the only option left with us to face the
crisis," said sources.
The decision to issue the termination notice will be arrived at only after a
meeting of the Godbole panel on Wednesday. The meet will also be attended by
A V Gokak, the Centre's nominee on the Godbole panel.
This will be the first meeting being held after DPC issued the notice and
also the first in which a Centres's nominee will be present.
Meanwhile, changing its earlier stand, US energy major Enron, DPC's promoter,
has also decided to attend the meet.
Enron said it was looking forward to "hearing proposed solutions from the
Godbole panel particularly related to credit-worthy purchasers for the
power".
An Enron spokesman said they were "specially interested in the Centre's
presence and learning of their expected role".

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

		ASIA-PACIFIC: Enron may seek damages NEWS DIGEST
Financial Times; May 23, 2001
By JULIE EARLE

		Enron may seek damages
		Enron, the US power company, warned yesterday it would move to recoup
significant termination damages if it was unable to settle a dispute over
unpaid bills with the Maharashtra State Electricity Board (MSEB). It is
understood that Enron would seek damages of Dollars 3.5bn (Pounds 2.4bn) to
Dollars 5bn (Pounds 3.4bn).
		It has a 65 per cent stake in the Dabhol Power Company (DPC), which operates
the Bombay plant that has supplied the MSEB. Julie Earle, New York For
regional reports, www.ft.com/asiapacific
		Copyright: The Financial Times Limited

Enron goes for valuation of businesses in India
P Vaidyanathan Iyer & Parul Gupta NEW DELHI

05/23/2001
Business Standard
1
Copyright (c) Business Standard

In a move which may be a prelude to Enron's complete exit from India, the
company has appointed Arthur Andersen and Jones Lang La Salle to undertake a
valuation exercise of all its businesses in the country, including the
controversial Dabhol Power Company. While Jones Lang La Salle will assess all
the real estate investments of Enron in India, Arthur Andersen will value the
business worth of the Houston-based energy major's Indian set-up.
When contacted, a company spokesperson declined to comment. "Nobody in Enron
will talk about it," he said. However, sour- ces said the appointment of
consultants was in line with Enron's strategic decision of pulling out of the
2,144 mw power venture which has been mired in controversy from day one.
According to sources, Enron's real estate investments have taken a big hit.
"Enron invested in prime real estate during 1992-1995 when the prices were at
a peak. However, they have touched more realistic levels now," said a real
estate consultant. Jones Lang La Salle is, however, tight-lipped about such a
mandate from Enron. Meanwhile, sour- ces said that Cushman & Wakefield which
had earlier finalised certain real estate investments for Enron was also in
the race. CB Richard Ellis has also proposed certain clients to Enron for
buying/leasing some of its property. Enron's Houston-based president Jeffrey
Skilling had in February said in an interview to Business Week that Enron
"should not be in there (India) building $2 billion power plants. Our cost of
capital is too high for that." DPC had disregarded the contents of the
Godbole Committee report when it issued a preliminary termination notice to
MSEB on May 19. The PTN gives DPC, MSEB, the state government and the Centre
six months to resolve the issue amicably. If the talks fail, DPC would issue
the final termination notice. Enron India had earlier this year also decided
to abandon the proposed joint venture with MSEB and Global Telesystems for a
broadband network in Maharashtra.

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

SEC Task Force Says Investors Need More 'Soft' Data
By Judith Burns

05/22/2001
Dow Jones Business News
(Copyright (c) 2001, Dow Jones & Company, Inc.)

Dow Jones Newswires
WASHINGTON -- A new Securities and Exchange Commission task-force report
calls for an overhaul of federal accounting rules, saying financial
statements don't reflect the true value of public companies.
"At a time when our stock markets loom so large in the economy, we need to
close large gaps in the quality of information that companies disclose," said
task-force chairman Jeffrey Garten, dean of Yale University's School of
Management.
The task force wants to close the gaps by providing investors with so-called
soft data, such as intangible assets, that don't appear on corporate balance
sheets.
Any information that helps investors assess future corporate profits and cash
flow "should be encouraged" by regulators and accountants, the task force
said in a report issued Tuesday. It stopped short of saying regulators should
require companies to divulge such information, but suggested protecting firms
from litigation as long as they report truthfully.
"Soft" data such as financial information about a company's business model,
competition, intangible assets and operating performance measures is likely
to become increasingly valuable, the task force predicted. Indeed, it said
markets are likely to penalize companies that don't voluntarily provide such
results.
Intangible assets such as patents, technology licenses, customer lists,
business alliances, brand-name recognition and a highly skilled work force
aren't given sufficient recognition under current accounting rules, the task
force concluded.
Industry performance measures such as revenue per customer, inventory
turnover, order backlogs, and speed at introducing new products to market
also get short shrift under existing accounting rules, the task force added.
The report suggests lawmakers encourage companies to disclose this data
without fear of being sued, provided the information is clearly labeled and
the company doesn't intend to deceive.
"Intangible assets may seem esoteric, yet they are the reasons why many
companies attract investments in this information age," said House Financial
Services Committee chairman Michael Oxley, an Ohio Republican. In a
statement, Mr. Oxley said he supports voluntary disclosure of off-balance
sheet items such as intangibles, saying it will give investors "more accurate
information on which to base their financial decisions."
SEC officials had no immediate comment on the task-force recommendations.
Former SEC chairman Arthur Levitt asked Mr. Garten to create the task force
in October 1999, focusing on whether corporate financial reports provide
enough information to investors.
The group concluded that current disclosure, based on generally accepted
accounting principles, or GAAP, and quarterly and annual reports required by
the SEC, produces backward-looking documents showing past transactions that
offer little help for understanding where the company is headed in the
future.
To spur companies to provide more forward-looking information, the group
rejected the idea of more regulation, saying "a far better approach" would be
to make it easier and safer for companies to disclose information beyond what
appears in standard financial statements.
Adopting standard rules for reporting "soft" results would be difficult since
much of the missing information is specific to particular industries or
companies, the report noted, and rapid changes in economic and business
models would quickly make new rules out of date.
Mr. Garten's group acknowledged that without rules in place, companies might
tend to skew soft financial results, reporting only those that show the
company in a favorable light, or calculating them in a nonstandard way that
makes comparisons impossible. But the group said there is an easy fix to such
problems, asserting "market forces will penalize companies that provide
inadequate information relative to their peers."
The task force includes venture capitalist John Doerr; Rob Glaser, chairman
and CEO of RealNetworks Inc. (RNWK); Enron Chairman Kenneth Lay; investment
banker Peter Peterson; Cisco Systems Inc. (CSCO) controller Dennis Powell;
Professor Baruch Lev of New York University; Professor Joseph Stiglitz of
Stanford University; and Hal Varian, dean of the University of
California-Berkeley's School of Information Management and Systems.
Write to Judith Burns at judith.burns@dowjones.com
Copyright (c) 2001 Dow Jones & Company, Inc.
All Rights Reserved

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

BANDWIDTH BEAT: Video On Demand II May Have Happy Ending
By Michael Rieke
Of DOW JONES NEWSWIRES

05/22/2001
Dow Jones Energy Service
(Copyright (c) 2001, Dow Jones & Company, Inc.)

HOUSTON -(Dow Jones)- The prospects for video on demand took a blow in March,
when a deal between Enron Corp. (ENE) and Blockbuster Inc. (BBI) fell apart.
The split not only broke up a partnership of giants in their fields, but also
revealed some of the inherent difficulties in getting the business going.
Nevertheless, transcontinental telecommunications networks like Williams
Communications Group (WCG) and Global Crossing (GX), as well as major studios
and even utilities, are still interested in providing the service. Once the
hurdles are cleared, video on demand has a shot at producing significant
revenue. Jason Bazinet, a senior research analyst in Internet infrastructure
services for J.P Morgan Securities, estimates the market could surpass $1.5
billion in revenue by 2005, with two-thirds of that growth in 2004 and 2005.
"We'll be ready," said Greg Onyszchuk, a vice president at Williams' Vyvx
Broadband Media unit. "And I don't think we'll be the only network ready."
The Blockbuster-Enron team-up sounded like a great idea when the two
companies announced it. Blockbuster is known for having videotapes of just
about every movie you'd want to see. Enron, always an innovator, promised to
move the videos across its long-haul fiber-optic network to local phone
companies, like SBC Communications Inc. (SBC), which would deliver them to
homes.
But there were problems. Blockbuster said Enron's network couldn't deliver
the quality needed for transmitting the large video files. And Enron said
Blockbuster, whose agreements with movie studios only cover videos rented
through its stores, couldn't deliver the content.
Those shortcomings point to the significant hurdles that remain before video
on demand, also called VOD, can be made viable. Studios Want In

As Blockbuster learned, major motion picture studios want a bigger piece of
the VOD action, and they're interested in cutting out middlemen between
themselves and viewers at home. Clearing that hurdle is trickier than it
sounds, even without getting into antitrust issues.
Interest by the studios is more rumored than publicly discussed. Still,
Onyszchuk believes all the major studios have VOD initiatives under way,
because they're already getting big revenues through rentals.
Individual studios can't pull it off on their own. The 20 to 25 most popular
movies account for a huge percentage of video rentals at any given time,
Onyszchuk said. Even two studios working together would still probably have
only seven to 10 of the Top 25 pictures, which isn't enough.
"If you want to be in the VOD business, you've got to have a current library
of hits," he said. "You need most of them."
Security is also a big issue for the studios, which want to be sure their
movies aren't pirated from a transmission network. A software program called
Divx is threatening to do for video what MP3 did for audio distribution via
the Internet. Once pirated, a video file can be burned on to a DVD disk and
distributed without paying royalties to the studios.
Paying users bring their own hurdles: Motion picture studios aren't set up to
handle billing and collection from subscribers. Retail End Underdeveloped

Problems also exist on the other end of the fiber. To be profitable, the
market needs 10 million to 20 million subscribers with high-speed Internet
connections, Onyszchuk said. Those volumes won't really be in place for two
years. Studies predict that 10 million homes will have high-speed connections
by the end of the year, with 20 million connections expected in the next
18-24 months.
Storage is another issue. When Enron and Blockbuster tested their VOD
service, movies were streamed directly from Los Angeles to individual homes.
That system can work when a transmission network is uncongested. But
long-haul transmission can develop glitches when there's heavy traffic on a
network - like that created by, say, 20 million VOD customers.
It makes more sense to have video files of movies in data storage centers in
the top 125 cities in the country, Onyszchuk said. Then they would have to be
transmitted only a few miles to local subscribers. But most data storage
centers are designed to store Web pages, files of 5,000-10,000 bytes. Movies
are much larger - 3 billion to 4 billion bytes.
VOD calls for terabit storage (that's 1 trillion bytes) in metro areas, he
said. Vyvx has a 100-terabyte data storage center in Tulsa, which Onyszchuk
said could handle hundreds of movies. Companies like Exodus Communications
(EXDS) and StorageNetworks Inc. (STOR) are deploying more data centers with
terabyte storage capacity to handle expected demand for services like VOD and
streaming video.
Aggregation at either end of the long-haul transmission networks could help
overcome some problems.
Aggregation of content at the studio end would make most if not all popular
movies available to subscribers. The model for VOD distribution would be
companies like Blockbuster, which aggregate distribution rights for movies on
video tape.
Aggregation at the other end of the networks could bring all subscribers into
the market whether they have high-speed cable-TV connections or high-speed
digital subscriber lines from phone companies.
Aggregation at the local level seems ideal for utilities that are getting
into the telecom sector. They have the billing systems and most if not all
the local customers needed to make the service work.
Two utilities, Reliant Energy Inc. (REI) and Potomac Electric Power Co.
(POM), have opened the door to future revenue from VOD.
Reliant Energy Inc. has invested in Grande Communications, which provides
Internet access, phone service and cable television. Potomac Electric and RCN
Corp. (RCN) have a joint venture, StarPower Communications, which provides
cable television service in the Washington, D.C., area.
-By Michael Rieke, Dow Jones Newswires; 713-547-9207; michael.rieke@wsj.com

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

USA: FERC sets Thursday conference on Calif natgas problems.

05/22/2001
Reuters English News Service
(C) Reuters Limited 2001.

WASHINGTON, May 22 (Reuters) - Key players in the California power crisis
will address the Federal Energy Regulatory Commission staff at a special
conference on Thursday on the state's need for future natural gas supplies.
Executives with Enron Corp , El Paso Corp , PG&E Corp's Pacific Gas &
Electric , and Sempra Energy's Southern California Gas will make
presentations at the conference, FERC said on Tuesday.
The companies are among two dozen utilities, pipelines, marketers, and state
regulators scheduled to speak at the technical conference organized by FERC
staffers.
The technical conference will gather information and recommendations about
California's future demand for natural gas, projected interstate pipeline
capacity into California, interconnections between interstate and intrastate
pipelines, and how the intrastate pipeline capacity is allocated.
The conference will begin at 10 a.m. EDT (1400 GMT) on Thursday at FERC's
headquarters in Washington, D.C.
All participants were to submit copies of their presentations to FERC by
Wednesday, and the agency said it would publish the documents on its Internet
site.
Energy-starved California is facing an estimated 260 hours of blackouts this
summer, due in part to tight supplies of natural gas to fuel power plants.
A public opinion survey released on Tuesday found that California residents
are increasingly fearful of their state's energy crisis. Some 75 percent of
the 1,015 adults surveyed said they viewed the energy problem as "very
serious," up from 58 percent in January.
More than half of those surveyed said they believed the energy crisis was an
attempt by energy companies to boost prices, while one-third say they
believed there was a genuine shortage of electricity.

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

Enron Hires Consultants to Value Business in India, Paper Says
2001-05-22 22:51 (New York)

     Mumbai, May 23 (Bloomberg) -- Enron Corp. appointed two
consultants to value its Indian assets and businesses, including
Dabhol Power Co., as a prelude to its exit from the country, the
Business Standard reported, without identifying sources.
     Enron appointed Arthur Andersen LLP and Jones Lang LaSalle
Inc., to value properties and overall business in the country, the
paper said.
     On Monday, Enron pulled out of a $2 billion pipeline project
in Qatar as it became increasingly likely that its Indian power-
sales agreement will collapse.
     Last week Dabhol Power, owned 65 percent by Enron, served a
preliminary termination notice on India's Maharashtra State
Electricity Board to stop supplying power because it's owed 3
billion rupees ($64 million) by the board.


Here is the Friday party info.  Should be fun.

---------------------- Forwarded by Ted Noble/HOU/ECT on 07/27/2000 12:30 PM
---------------------------
From: Billy Braddock@ENRON COMMUNICATIONS on 07/26/2000 03:06 PM
To: Palmer Letzerich/Enron Communications@Enron Communications, Paul
Burkhart/Enron Communications@Enron Communications, Esben Pedersen/Enron
Communications@Enron Communications, Nathan Will/Enron Communications@Enron
Communications, Bryan Williams/Enron Communications@Enron Communications,
Ross Mesquita/Enron Communications@Enron Communications, Ann Korioth/Enron
Communications@Enron Communications, Ted Noble/HOU/ECT@ECT, John
Massey/HOU/ECT@ECT, David Mitchell/HOU/ECT@ECT, Sean Keenan/HOU/ECT@ECT, Bret
Scholtes/Corp/Enron@ENRON, John Van Gelder/Enron Communications@Enron
Communications, Richard Schneider/Enron Communications@Enron Communications
cc:
Subject: Alternative to a .com luau

Party this Friday.  See below.
----- Forwarded by Billy Braddock/Enron Communications on 07/26/00 03:06 PM
-----

	Corbin Barnes
	07/26/00 12:42 PM

		 To: Frank Vela/Enron Communications@Enron Communications, Jim Emerson/Enron
Communications@Enron Communications, Jason Thompkins/Enron
Communications@Enron Communications, Key Kasravi/Enron Communications@Enron
Communications, Radu Tutos/Enron Communications@Enron Communications, Billy
Braddock/Enron Communications@Enron Communications, Joseph Escobar/Enron
Communications@Enron Communications, Anand David/Enron Communications@Enron
Communications, David Reinfeld/Enron Communications@Enron Communications,
Ashley Dietz/Enron Communications@Enron Communications, John
Allario/HOU/ECT@ECT, Nate Alvord/Enron Communications@Enron Communications,
Carlos Vicens/Enron Communications@Enron Communications, Lucy Tanner/Enron
Communications@Enron Communications, Brett Schulick/Enron
Communications@Enron Communications, Cecilia Manzolillo/Corp/Enron@ENRON,
Paul Burkhart/Enron Communications@Enron Communications, Bryan Williams/Enron
Communications@Enron Communications, chris_cassell@hotmail.com,
rrenner@hdrinc.com, troy_martin@usa.net, BMHBrad@aol.com, Bryan.Dehan@msdw.com
		 cc:
		 Subject: Alternative to a .com luau

Gente - Being the key contact people that i know all of you are - i am sure
that this invite will find its way to the appropriate people.  Feel free to
invite all that you think would enjoy - It is clearly not our intention to
belittle or ignore in any way the important personal triumphs of those not on
these initial email lists.

See you there.
Corbin

Date:
Wed, 26 Jul 2000 11:30:55 -0500
From:
Bryan Dehan <Bryan.Dehan@msdw.com>??|?Block address
Reply-to:
Bryan.Dehan@msdw.com
Organization:
Morgan Stanley Dean Witter & Co.
To:
-------- Original Message --------
Subject: Friday Party
Date: Wed, 26 Jul 2000 11:30:55 -0500
To: "Dehan, Bryan" <Bryan.Dehan@msdw.com>
BCC: gdehan@nichesw.com, agoldberg@compubank.com, jessica_Jacobe@ars.aon.com,
Billy_Braddock@enron.net,MERRITT@SUPLEEART.COM, Chiprives@aol.com,
elawhon@mdck.com,dollingerd@epenergy.com, rkeisler@flash.net, lklaus@pdq.net,
halejulie@yahoo.com,
SKayem7800@aol.com,Trey.willerson@chase.com,
Christopher.Thomas@Bus.utexas.edu, elizabethmccord@hotmail.com,
loren@capitalcommercial.com,"(E-mail), Matt Turner"
<MTURNER@LPCommercial.com>,"Allen, Margaret"
<Margaret.Allen@enron.com>,"Barnes, Corbin"
<corbin_barnes@yahoo.com>,"Dawn, Lawrence,"
<DLawrence@cei-crescent.com>,"Eller, Dirk" <deller@Agillion.com>,"Ford,
Aimee" <forda@tklaw.com>, "Ford, Bo" <bford@frostbank.com>,"Graber,
Courtney" <Courtney_Graber@Dell.com>,"Hamilton, Chad"
<Chad_Hamilton@Dell.com>,"HOGAN, WYATT"
<HOGAW@andrews-kurth.com>,"Hudgins, Steven F."
<shudgins@hhw-law.com>,"HUGHES, SARAH"
<HUGHS@andrews-kurth.com>,"Kayem,
Robin" <RSKAppraiser@email.msn.com>,"Keller, Kurt"
<kurt_keller@yahoo.com>,"Mattingly, Catherine"
<ckmattingly@hotmail.com>,"mcknight, alan"
<amcknight99@yahoo.com>,"Pappas, Merritt"
<merritt@supleeart.com>,"Thomas, Shannon"
<SHANNON.THOMAS@chase.com>,"Thompkins, Jason"
<Jason_Thompkins@enron.net>,"Vavrek, Kim"
<kvavrek@swbanktx.com>,William
W Diehl <William.Diehl@msdw.com>, caroldehan@hotmail.com

Subject:
Friday Party

	Add Addresses

People,

Several of us are getting together to rent out the party room at
Cadillac Bar
on Friday night.  If you must have a reason, it is to celebrate life
(or
you may pick one of your own personal triumphs to celebrate).

Please feel free to bring friends - we will start around 8 and it will
last until we get sick of each other.

Cadillac Bar is located at 1802 Shepherd near I-10.

See you there,

Corbin Barnes
Bryan Dehan
Mark Prescott
Cris Pye
Jason Thompkins


Who handles the billing for Ashland Chemical?


----- Forwarded by Steven J Kean/NA/Enron on 03/27/2001 02:42 PM -----

	Alhamd Alkhayat
	11/14/2000 04:40 PM

		 To: Simon Shih/Graphics/Enron@ENRON, Maureen McVicker/NA/Enron@Enron
		 cc: Steven J Kean/NA/Enron@Enron
		 Subject: kean's presentation

maureen, here is the presentation
simon, can we please get it on cd
steve, good luck

Alhamd Alkhayat
ENRON CORP.
+1(713)853-0315


~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
              A MESSAGE FROM DONALD L. EVANS
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Dear Friend,

The election results in Florida have been certified in accordance
with Florida state law and the rulings of the Florida Supreme
Court, and Governor Bush and Secretary Cheney have won that
state's 25 electoral votes.  It is now time to get on with the
business of organizing a new administration.

In order to begin that task, we have filed articles of
incorporation for the Bush/Cheney Presidential Transition
Foundation, a non-profit corporation.  As past transition
foundations have done, we have applied for 501(c)(4) status from
the Internal Revenue Service.  Now we are asking for your help as
our team moves forward with plans for an orderly transition
process in the short period between now and inauguration day,
January 20, 2001.

While the Presidential Transition Act of 1963, as amended in
1988, specifically authorizes public funds for transitions, it
also makes provisions for raising contributions from private
sources to help defray transition-related expenses.  This has
been done previously, most recently in 1992.  We are now
soliciting contributions from our most active supporters.  Would
you please visit our new transition website at
http://www.bushcheneytransition.com and make a contribution on our
secure server?  AOL link: Bush +
Cheney Transition

We have made the decision to accept contributions only from
individuals.  No corporate or political action committee
contributions will be accepted.  Contributions may not exceed
$5,000 per person or $10,000 per couple, and all contributors, in
compliance with Governor Bush's position of full-disclosure of
financial contributions, will be posted on the transition website
on a real-time basis.  These contributions will not count against
an individual's annual political contribution federal giving
limit of $25,000

The American voters have spoken, and we are moving forward to
establish a government that will unify our country and make the
common principles we share as Americans our first priority.

If you have questions, please contact the Transition Foundation's
finance office at 512-344-3722.  All other transition inquiries
should be directed to our office in McLean, VA at (703) 918-2900.
Your support of the Bush/Cheney Presidential Transition
Foundation is deeply appreciated.

Sincerely,

Donald L. Evans
Board of Directors
Bush-Cheney Presidential Transition Foundation, Inc.

_________________________________________________________________

Paid for by Bush-Cheney Presidential Transition Foundation, Inc.
http://www.bushcheneytransition.com/

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

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http://www.georgewbush.com/unsubscribe.asp?email=EBASS@ENRON.COM

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your e-mail address or any other subscription information, please go here:

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Christian,
 I have included the Red-line language in the contract relating to
utilization of small business concerns.  Hopefully, the next thing I see is 2
originals which have been signed by CPS.


schedule and file.  I will be presenting at this meeting.
----- Forwarded by Steven J Kean/NA/Enron on 01/21/2001 03:53 PM -----

	Rebecca Carter
	Sent by: Kelly Johnson
	01/19/2001 11:27 AM
	Please respond to kelly.johnson

		 To: James M Bannantine/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Cliff
Baxter/HOU/ECT@ECT, Sanjay Bhatnagar/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT,
Rick Buy/HOU/ECT@ECT, Richard Causey/Corp/Enron@ENRON, Diomedes
Christodoulou/SA/Enron@Enron, David W Delainey/HOU/ECT@ECT, James
Derrick/Corp/Enron@ENRON, Andrew S Fastow/HOU/ECT@ECT, peggy_fowler@pgn.com,
Mark Frevert/NA/Enron@Enron, Ben F Glisan/HOU/ECT@ECT, Kevin Hannon/Enron
Communications@Enron Communications, David
Haug/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Stanley Horton/Corp/Enron@Enron,
Larry L Izzo/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Steven J
Kean/NA/Enron@Enron, Mark Koenig/Corp/Enron@ENRON, Mike
McConnell/HOU/ECT@ECT, Rebecca McDonald/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT,
Jeffrey McMahon/Enron@EnronXGate, Mark Metts/NA/Enron@Enron, Cindy
Olson/Corp/Enron@ENRON, Karen S Owens@ees@EES, Ken Rice/Enron
Communications@Enron Communications, Jeffrey Sherrick/Corp/Enron@ENRON, John
Sherriff/LON/ECT@ECT, Jeff Skilling/Corp/Enron@ENRON, Greg
Whalley/HOU/ECT@ECT, Thomas E White/HOU/EES@EES, Philippe A Bibi/HOU/ECT@ECT,
Raymond Bowen/HOU/ECT@ECT, Michael R Brown/LON/ECT@ECT, Wade
Cline/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, James A
Hughes/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, John J Lavorato/Corp/Enron@Enron,
Jeffrey A Shankman/HOU/ECT@ECT, Jeremy Blachman/HOU/EES@EES, Harold G
Buchanan/HOU/EES@EES, Dan Leff/HOU/EES@EES, Mark S Muller/HOU/EES@EES,
Matthew Scrimshaw/LON/ECT@ECT, Marty Sunde/HOU/EES@EES, David Cox/Enron
Communications@Enron Communications, Steve Elliott/Enron Communications@Enron
Communications, Jim Fallon/Enron Communications@Enron Communications, Rod
Hayslett/FGT/Enron@ENRON, Danny McCarty/ET&S/Enron@Enron
		 cc: Terry West/Corp/Enron@ENRON, Jim Armogida/Corp/Enron@ENRON, Mary
Joyce/HR/Corp/Enron@ENRON, Pam Butler/HR/Corp/Enron@ENRON, Stephanie
McGinnis/HOU/ECT@ECT, Brenda Castillo/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, Rosane Fabozzi/SA/Enron@Enron, Molly
Bobrow/NA/Enron@Enron, Kay Chapman/HOU/ECT@ECT, Stephanie
Harris/Corp/Enron@ENRON, Bridget Maronge/HOU/ECT@ECT, mary_trosper@pgn.com,
Nicki Daw/NA/Enron@Enron, 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, Cathy
Phillips/HOU/ECT@ECT, Loretta Brelsford/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT,
Sue Ford/Enron@EnronXGate, Dolores Fisher/NA/Enron@Enron, Kathy
McMahon/NA/Enron@Enron, Karen Owens/HOU/EES@EES, Dorothy Dalton/Enron
Communications@Enron Communications, Christina Grow/Corp/Enron@ENRON, Lauren
Urquhart/LON/ECT@ECT, Sherri Sera/Corp/Enron@ENRON, Liz M Taylor/HOU/ECT@ECT,
Judy G Smith/HOU/EES@EES, Inez Dauterive/HOU/ECT@ECT, Veronica
Valdez/HOU/ECT@ECT, Teresa Wright/HR/Corp/Enron@ENRON, Peggy
McCurley/HOU/ECT@ECT, Marsha Schiller/HOU/ECT@ECT, Fiona Stewart/LON/ECT@ECT,
Jana L Paxton/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Mrudula
Gadade/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, Kathryn
Greer/HOU/EES@EES, Kerry Ferrari/LON/ECT@ECT, Carol Moffett/HOU/EES@EES,
Jennifer T Adams/HOU/EES@EES, Leah Rijo/Enron Communications@Enron
Communications, Lucy Marshall/Enron Communications@Enron Communications,
Kathy Campos/GPGFIN/Enron@ENRON, Julie Armstrong/Corp/Enron@ENRON
		 Subject: Board of Directors Meeting - February 13, 2001


Do you have my phone?  I think it might be in your car.


Jay,

Could you check into credit for Hayes Lemmerz?  We are looking at delivering
gas to their La Mirada, CA plant out of our Socal pool.  Volume is 2000/day
at Index + .10.  Look at a one year term out of april 01.  Call me if you
have any questions.

Thanks,

Kim


Murray:

I will be out of the office this Thursday and Friday, June 6-7.

During that time, I can be reached on my cell phone at (503) 869-5504.

Thank you,

Jenny


Thanks, Vince.   We have received both her application and her signed offer
letter, so we are moving in the right direction.

Molly

 -----Original Message-----
From:  Kaminski, Vince
Sent: Thursday, April 19, 2001 10:44 AM
To: Magee, Molly
Cc: Crenshaw, Shirley
Subject: Re: Test

Molly

FYI

Vince
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 04/19/2001
10:43 AM ---------------------------

edward kao <EKao@UH.EDU> on 04/18/2001 08:30:49 PM
To: vkamins@ect.enron.com
cc:
Subject: Re: Test

Vince:

     Candice's contact information at Mount Holyoke is as follows:

     Phone:  (413) 493-5092
     email:   cgkao@mtholyoke.edu
     address:   1453 Blanchard Campus Center
                Mount Holyoke College
                South Hadley, MA 01075-6002

     Ed

PS:  I hope Ron Singer has given you the needed info.  Please feel free to
contact me if I can be of any help with regard to your colleague's inquiry
about pursuing doctoral study at UH.


I can't wait, what goodies can I bring?


We forgot to discuss form work.

Cordially,
Mary Cook
Enron North America Corp.
1400 Smith, 38th Floor, Legal
Houston, Texas   77002-7361
(713) 345-7732 (phone)
(713) 646-3490 (fax)
mary.cook@enron.com
----- Forwarded by Mary Cook/HOU/ECT on 04/26/2001 02:29 PM -----

	Carol St Clair
	04/26/2001 02:08 PM

		 To: Mary Cook/HOU/ECT@ECT, Sara Shackleton/HOU/ECT@ECT
		 cc: Mark Taylor/HOU/ECT@ECT, Susan Bailey/HOU/ECT@ECT, Stephanie
Panus/NA/Enron@Enron
		 Subject: Pending ISDA Masters

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

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

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

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

I will continue to monitor the bankruptcy legislation

Carol


-----Original Message-----
From: 	Parks, Joe
Sent:	Wednesday, February 27, 2002 10:21 AM
To:	Schneider, Chip; Zisman, Stuart
Subject:	Centana


My 1,4,and 6 for your 1, 5,7


----- Forwarded by Jeff Dasovich/NA/Enron on 01/20/2001 11:01 PM -----

	"Julee Malinowski-Ball" <jmball@ns.net>
	01/19/2001 07:13 PM
	Please respond to "Julee Malinowski-Ball"

		 To: "Jan Smutny Jones" <smutny@iepa.com>, "Steven Kelley" <steven@iepa.com>,
"Katie Kaplan" <kaplan@iepa.com>
		 cc: "William Hall" <wfhall2@duke-energy.com>, "Tony Wetzel"
<twetzel@thermoecotek.com>, "Sue Mara" <smara@enron.com>, "Steven Kelley"
<steven@iepa.com>, "Steve Ponder" <steve_ponder@fpl.com>, "Stephanie Newell"
<stephanie-newell@reliantenergy.com>, "Roger Pelote"
<roger.pelote@williams.com>, "Robert Lamkin" <rllamkin@seiworldwide.com>,
"Richard Hyde" <rwhyde@duke-energy.com>, "Paula Soos"
<paula_soos@ogden-energy.com>, "Nam Nguyen" <nam.nguyen@powersrc.com>, "Marty
McFadden" <marty_mcfadden@ogden-energy.com>, "Lynn Lednicky"
<lale@dynegy.com>, "kent Palmerton" <kent.palmerton@williams.com>, "Ken
Hoffman" <khoffman@caithnessenergy.com>, "Kassandra Gough"
<kgough@calpine.com>, "Jonathan Weisgall" <jweisgall@aol.com>, "John Stout"
<john_h_stout@reliantenergy.com>, "Joe Ronan" <joer@calpine.com>, "Joe Greco"
<joe.greco@uaecorp.com>, "Jim Willey" <elliottsa@earthlink.net>, "Jeff
Dasovich" <Jeff.Dasovich@enron.com>, "Jack Pigott" <jackp@calpine.com>, "Hap
Boyd" <rboyd@enron.com>, "Greg Blue" <gtbl@dynegy.com>, "Frank DeRosa"
<fderosa@sanfrancisco.usgen.com>, "Ed Tomeo" <ed.tomeo@uaecorp.com>, "Duane
Nelson" <dnelsen@msn.com>, "David Parquet" <dparque@ect.enron.com>, "Curtis
Kebler" <curtis_l_kebler@reliantenergy.com>, "Carolyn Baker"
<cabaker@duke-energy.com>, "Bob Escalante" <rescalante@riobravo-gm.com>, "Bob
Ellery" <bellery@spi-ind.com>, "Bill Woods" <billw@calpine.com>, "Bill
Carlson" <william_carlson@wastemanagement.com>, "Craig Chancellor"
<craigc@calpine.com>, "Eric Eisenman" <eric.eisenman@gen.pge.com>, "Kate
Castillo" <ccastillo@riobravo-gm.com>
		 Subject: Legislative status report week ending 1/19

Date: 1/19/01
To: Jan Smutny-Jones, Steven Kelley, Katie Kaplan
Cc: IEP Board of Directors
From: Julee Malinowski-Ball, Edson + Modisette
RE: Legislative status report week ending 1/19

RECENT EVENTS:

-- The first two special session bills were signed by the Governor this
week: AB 5x (Keeley), relating to reconstituting the ISO and PX governing
boards, and 6x (Pescetti/Dutra), relating to utility retention of assets.
Includes in AB 5x was language requiring the ISO to make a list of
California power plants that are out of service due to either a planned or
unplanned outage available on the Internet on a daily basis.

-- Governor Davis has announced some appointments to the new ISO Board.
They include: Michael Kahn from the EOB as chair, Maria Contreras-Sweet who
is the Secretary of Business Transportation and Housing, Carl Guardino from
the Silicon Valley Manufacturing Group, and Mike Florio from TURN.  The
fifth position still remains vacant.  It is unclear if FERC will even
approve this new makeup.

-- SB 7x (Burton) caught everyone,s attention this week as it was
introduced, maneuvered through the legislative process and also signed by
the Governor within a 24 hour period.  SB 7x clarifies the authority of the
Department of Water Resources on a temporary basis to purchase electricity
(in lieu of AB 1x).  It gives the agency a 12-day window to purchase
electricity and sell it at cost. The legislation specifies that no contract
may be entered into later than February 15, 2001 and it sunsets on that
date.

-- The next legislative step taken this week was to continue the progress
made in the Assembly last week on AB 1x (Keeley/Migden).  AB 1x authorizes
the Department of Water Resources to contract with any person or entity to
purchase electricity for up to 5.5. center per kWh.  The Senate Energy
Committee met Friday afternoon to debate the measure.  Committee members
themselves brought up a number of concerns, including those previously
articulated by IEP and some member companies.  Specifically, IEP opposes the
5.5 cap and language that implies entities that &furnish8 power would be
&public utilities.8  Both were highlighted in today,s hearing by the Chair
of the committee and the author as provisions that need to be addressed
before the bill moves forward.   The committee expects to be drafting
potential amendments over the weekend  and will resume deliberations on
Monday at a time to be announced.  I am faxing the amendments proposed and
submitted to the committee by Southern for your review which address these
issues and more.

-- Senator Burton also held a press conference this week to introduce SB 6x
which would create a state power authority that has the power to, among
other things, finance the construction of additional generating capacity and
provide financing for older plants to make necessary retrofits for
efficiency improvements.  Power generated from this financing will be sold
to the state at cost.  The press release is attached.

-- Still sitting on the back burner for the moment (which could change at
any moment) is any legislative play on long-term contracting and siting
changes.  IEP has provided comments on both issues and is participating in
any discussions on these issues as they arise.

-- Last but not least, the QF issues has reached the legislative arena this
week.  Asm. Keeley has been intent on getting all the parties together to
negotiate the SCE QF contracts.  Negotiations will continue through the
weekend.

UPCOMING EVENTS:

--  There will be a Senate Energy Committee hearing on Monday to continue
deliberations on AB 1x (Keeley).  So far, I have no other scheduled meetings
or hearings for next week.  Stay Tuned.

--end--

Julee Malinowski-Ball
Senior Associate
Edson + Modisette
916-552-7070
FAX-552-7075
jmball@ns.net


Forbes.com * http://tm0.com/forbes/sbct.cgi?s=167547968&i=436405&d=2153578 * Dec. 27, 2001
-----------------------------------------------------------
Forbes.com: Where the Internet gets down to business
-----------------------------------------------------------
ONLINE TODAY AT FORBES.COM

  * Enron Shifts Cash To Democrats
  * The Best Destinations Of 2001
  * Growth Ahead For Avon
  * Guilt-Free Guzzling
  * Gaming On A PDA
  * The Judgment Of Paris
  * Russian Oil Roulette

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

ENRON SHIFTS CASH TO DEMOCRATS
Just before bankruptcy, Enron gave $100K to the Democrats. Its
lawyer calls it business as usual.
http://tm0.com/forbes/sbct.cgi?s=167547968&i=436405&d=2153579

THE BEST DESTINATIONS OF 2001
From African safari parks to Caribbean islands, an end-of-the-year
look back at our favorite "Destinations of the Week."
http://tm0.com/forbes/sbct.cgi?s=167547968&i=436405&d=2153580

GROWTH AHEAD FOR AVON
Despite a retailing slump and unfavorable exchange rates, Avon
maintains double-digit earnings growth.
http://tm0.com/forbes/sbct.cgi?s=167547968&i=436405&d=2153581

GUILT-FREE GUZZLING
At today's gasoline prices, the nutty ideas to improve auto
efficiency don't make economic sense.
http://tm0.com/forbes/sbct.cgi?s=167547968&i=436405&d=2153582

GAMING ON A PDA
If handhelds are all about productivity, why are there so many
games for them?
http://tm0.com/forbes/sbct.cgi?s=167547968&i=436405&d=2153583

THE JUDGMENT OF PARIS
At least once in your life you should stay at the Hotel Ritz in
Paris.
http://tm0.com/forbes/sbct.cgi?s=167547968&i=436405&d=2153584

RUSSIAN OIL ROULETTE
The former Soviet Union says it will cut oil production, but the
signals it's sending indicate otherwise.
http://tm0.com/forbes/sbct.cgi?s=167547968&i=436405&d=2153585

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

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>
> Edwin Edwards writes home from the Federal Pen
>
> Dear Candy,
> I miss you so much. It's terrible that you can only visit twice a year.
> Please don't worry about me, though. It's boring here, but not too bad.
> The golf, tennis and fishing seem to make the days pass fairly quickly.
> My cell isn't quite as large as I hoped for... one bath and a small
balcony.
> I'm sending a picture with the guards. They are very kind and
> under-standing.
> Love,
>
> Eddie
>

 - EDWARDS.JPG


Is it possible that the Gas Daily swaps that you set up for the west are not
mapped for our other gas dailly locations??

That may be the cause of some of our confusion


NGI's Daily Gas Price Index
published : October 12, 2001
FERC Staff to Monitor Pipes for OFO Abuses
This represents a new kind of approach by the Commission to the market, "which is that we're acting not reacting," said Commissioner Nora Brownell. The creation of this mechanism does not necessarily mean FERC has seen a "pattern of abuse" by pipelines that would warrant "more vigorous pursuit" of OFO activity, she noted. "We are simply setting up the mechanisms by which we will know them [OFO abuses] when we see them and be able to deal with them."
In a discussion paper issued at Thursday's regular FERC meeting, Gary Mahrenholz of the Office of Markets Rates and Tariffs said FERC staff would rely largely on electronic bulletin board (EBB) postings, pipeline reports and others sources to oversee OFO activity on the pipelines.
The Commission is taking this action on top of the OFO remedies that were ordered in Order 637, which included requiring pipelines to file OFO activity reports, set proper OFO penalty levels and credit revenues to shippers, timely inform shippers of OFOs, and to improve pipeline-specific OFO definitions.
Commissioner Linda Breathitt was concerned that FERC was acting before it knew the results of its Order 637 remedies with respect to OFOs. "...I do believe that it is prudent to allow some time for revisions to OFO procedures that we required in 637 to work. The 637 initiative required pipelines to find a way to minimize the issuance of OFOs and to provide data as to OFOs [that] are invoked." She further noted that over-reliance on OFOs was not an industry-wide problem, but rather was confined to specific pipelines.
Pipelines mostly invoke OFOs during peak-demand periods, particularly during cold periods, to keep their systems operating reliably. During an OFO, shippers are restricted in the amount of gas they can purchase and transport. When shippers are out of balance on a pipeline during an OFO -- meaning that they have put more gas into a pipeline's system than their customers will take out at the other end, or haven't put in enough gas to cover their customers -- they are assessed penalties by pipelines.
Shippers routinely have complained that pipeline-declared OFOs lasted too long and affected too large a portion of a pipeline's system; that pipelines favored their marketing affiliates when an OFO was in effect; and that OFO measures were poorly defined, giving pipelines significant latitude as to when to declare emergency orders.
Although Order 637 dealt with many of the shippers' complaints about OFOs, FERC believes the monitoring activity is essential to determine if pipes are using OFOs to inhibit competition and reduce service quality, as well as to assess where capacity expansions are most needed.
"The new [637] procedures together with more effective monitoring should limit the issuance of OFOs to times when they are absolutely necessary to maintain service reliability," according to FERC staff's discussion paper.


Joan and Eric:  Based on our (Eric Moon and I) discussion with Fred Lagrasta,
the financial hedge related to the Brazos VPP's should be handled through
Fred's group.  We need to make sure that the volume that is given to Fred (or
Vikas or Ross) is only 97% of the VPP firm volumes.   Please let myself or
Eric Moon know just as soon as you go to Fred's group for a quote so that we
may be prepared for the physical side of the deal.

Fred, Vikas and Ross:  If you go to John Arnold and the basis trader for the
quote, we need to let them know that this relates to the Brazos VPP's and
that his quote is going to be known by Bank of America.  If executed, Bank of
America will know that Enron is long and the exact volume and term.  They
will be taking 3% of the deal at our quote (for accounting reasons, 3% of the
hedge on these transactions has to be executed with a counterparty other than
Enron, that counterparty is Bank of America).  Vikas and Ross, would you guys
also call when these go through just a check.

Please call with any questions or concerns.  Thanks

John Griffith


FYI, Kim.

 -----Original Message-----
From: 	Herber, Stephen
Sent:	Tuesday, November 13, 2001 1:47 PM
To:	Redmond, Brian; Miller, Kent; Watson, Kimberly; Williams, Jo; Mercaldo, Vernon; Stage, Michael G.
Cc:	Wehring, Linda; Robertson, Audrey
Subject:	WAHA Hub Co.

A meeting has been scheduled for 3:30 p.m. on Wednesday, November 14 in ECN 1336. The purpose of the meeting is to discuss ENA's desire to create a WAHA Header using facilities owned by Northern and/or Transwestern. We will tie Jo in via conference call. See you tomorrow.
Thanks,
Steve


The CPUC?business meeting on January 4 is  scheduled to address a?number of
important issues facing our industry,  including the proposed utility rate
stabilization plan and QF/Section 390  issues.? In anticipation of this
meetng, IEP has scheduled a joint  conference call with its
Restructuring/Transmission Task Force and its QF  Contracts Task Force to
discuss the outcome of the Business Meeting.? The  conference call is
scheduled for 9:00 a.m. on Friday, January 5.
?
The call-in number is???  ??? ??? ???  877-300-8186
The participant Code  is?????????????111756


Gabrielle Hagele, UBS Warburg, will be in Portland on Friday, February 8, 2002 to present information on UBS benefits for those who missed the previous information sessions.

Date: 		Friday, February 8th, 2002
Location:	Mt Hood
Time:		10:00 am to 12:00 pm

Please try to attend this additional session as valuable information will be presented, and you will have the opportunity to get answers to your questions.

Attached are the forms that you will need to complete and hand in, if you have not done so already.

Please let me know if you will not be able to attend this session.

Kind regards -
Amy


Due to a doctor's appointment this morning, Francisco will be in sometime
after 10:30 AM.

Thanks!

Holly Keiser
Enron Americas
Legal Department - EB 3887
713-345-7893 (ph)
713-646-3490 (fx)
Holly.Keiser@enron.com


Hello Mark -- The European Energy Committee meeting was held in London
today. The attached documents, including the agenda, a memo on the Bridge
agreement, and a copy of the Bridge agreement, were reviewed at this
morning's meeting.

Much of the discussion focused on explanation of the Bridge Agreement. There
was some discussion about the German regulatory structure and the bridge
agreement.  Katia ran through the agenda in Houston and asked for ideas on
December conference.  I was not able to hear all of the questions entirely
but questions were asked about the outcome of the meeting.  Katia and
Christophe explained that it was a forum to exchange ideas and to promote
use of ISDA within industry. The minutes should give us more detail.

In addition to a call re: the NA agenda, I think it would be worthwhile to
also have a call w/Christophe, Katia and John Berry to discuss European
activities and to begin discussion on the December agenda. ISDA should begin
to focus on an agenda as soon as possible so that we assure December's
conference is as productive as the Houston conference.  Thanks!

Stacy Carey
Policy Director
International Swaps and Derivatives Association
600 5th Avenue, 27th Floor
Rockefeller Center
New York, NY  10020
(212) 332-1202 ph
(212) 332-1212 fax
(917) 543-9622 cell
scarey@isda.org

 - European Energy Commit Memo May 221.doc
 - Cross-Agreement Bridge memo.doc
 - Cross-Agreement bridge4.doc


User iD:  enronuslw
PW:        bnaweb22

 -----Original Message-----
From: 	"BNA Highlights" <bhighlig@bna.com>@ENRON [mailto:IMCEANOTES-+22BNA+20Highlights+22+20+3Cbhighlig+40bna+2Ecom+3E+40ENRON@ENRON.com]
Sent:	Monday, June 04, 2001 11:28 PM
To:	BNA Highlights
Subject:	June 5 -- U.S. Law Week's Legal News

______________________________

THE U.S. LAW WEEK'S LEGAL NEWS
Highlights & Table of Contents
June 5, 2001
______________________________

ISSN 1522-4317

Registered Web subscribers can access the full text of these
articles by using the URL link supplied.

Information about becoming a subscriber or signing up for a
FREE Web trial is available at http://web.bna.com or call
BNA Customer Relations at 1-800-372-1033, Mon. - Fri. 8:30
am - 7:00 pm (ET).
__________

HIGHLIGHTS
__________

SENATE BILL WOULD EXCLUDE FROM INCOME TAX AMOUNTS RECEIVED
IN PAYMENT OF DISCRIMINATION CLAIMS

Sen. Susan Collins (R-Maine) introduces legislation to
exclude from taxable income awards received in judgment or
settlement for claims of discrimination or violation of
civil rights. The Civil Rights Tax Relief Act of 2001 also
would eliminate the double taxation of attorneys' fees under
contingency fee agreements and allow income averaging for
back pay and front pay awarded for discrimination claims. A
companion bill is pending in the House.

The legislation would correct an unintended consequence of
the 1996 Small Business Job Protection Act, which made
damage awards that are not based on physical injury or
physical sickness taxable to the plaintiff. "Because most
acts of employment discrimination and civil rights
violations do not cause physical injuries, this provision
has had a direct and negative impact on plaintiffs who
successfully prove that they have been subjected to
intentional employment discrimination or other intentional
violations of their civil rights," Collins explains. . . .
Page 2746

http://pubs.bna.com/ip/BNA/law2.nsf/id/a0a4g1c5d3_

NLRB ADOPTS BRIGHT-LINE RULE FOR DECERTIFICATION ELECTIONS,
PROHIBITS INCUMBENT UNIONS FROM USING NONEMPLOYEES AS
OBSERVERS

The National Labor Relations Board adopts a "bright-line
rule" prohibiting incumbent labor organizations from using
their nonemployee agents as election observers for
decertification elections. The board overturns a
decertification election despite the lack of any evidence of
misconduct by the union agent, citing neutrality of the
election process as the reason for its bright-line rule.

The board distinguishes decertification elections from
initial representation elections, in which nonemployee union
observers are allowed providing the agency does not engage
in misconduct and the agent's presence does not interfere
with any party's rights. "In our view, it is more likely
that an employee would be influenced by the presence of a
person who is an agent of a union that "is" his bargaining
representative than by a person who is an agent of a union
that wishes to "become" the bargaining representative." . .
. Page 2745

http://pubs.bna.com/ip/BNA/law2.nsf/id/a0a4g1m6a3_

FTC CLEARS AMAZON'S REVISED PRIVACY POLICY,  APPROVES
TRUSTE'S COPPA SAFE HARBOR PROGRAM

The Federal Trade Commission concludes that a change in
Amazon.com's online privacy policy concerning the
circumstances in which the company might disclose personal
information about its customers does not violate the FTC
Act. The FTC's conclusions are in response to a petition
alleging that the electronic retailer deceived consumers in
its representations about privacy of personal information. .
. . Page 2743

The Federal Trade Commission approves the safe harbor
program for children's online data proposed by TRUSTe, an
organization that grants privacy seals to Web sites. Firms
adhering to guidelines established by TRUSTe will be
presumed to be in compliance with regulations implementing
the Children's Online Privacy Protection Act, which require
that Web sites directed at children post comprehensive
privacy policies on their sites and obtain parental consent
before collecting personal information from children under
the age of 13.  . . . Page 2744

http://pubs.bna.com/ip/BNA/law2.nsf/id/a0a4g0q3p0_

http://pubs.bna.com/ip/BNA/law2.nsf/id/a0a4g0z7a6_

________

ANALYSIS
________

TAXATION: The author of this week's "Analysis & Perspective"
discusses tax disputes that can arise after a case has been
settled, the most common being whether taxes should be
withheld from the settlement amount. . . . Page 2739

http://pubs.bna.com/ip/BNA/law2.nsf/id/a0a4a5n4j8_

__________________

ALSO IN THIS ISSUE
__________________

A complete topical index of Legal News.

ANTITRUST: The number of countries attempting to oversee and
control mergers is on the rise, increasing the filing burden
for multinational companies, according an annual survey by
the law firm of White & Case"". . . . Page 2741

http://pubs.bna.com/ip/BNA/law2.nsf/id/a0a4f9r9q7_

ATTORNEYS: The Maryland bar's ethics committee advises a law
firm that it may receive fees directly from an out-of-state
law firm serving as co-counsel. . . . Page 2741

http://pubs.bna.com/ip/BNA/law2.nsf/id/a0a4f5z0j7_

BANKING: The Federal Reserve Board is drafting proposed
legislation to reduce some of the legal impediments to check
handling and encourage digital check processing, according
to a Fed official. . . . Page 2742

http://pubs.bna.com/ip/BNA/law2.nsf/id/a0a4g0q2w1_

COMMERCIAL LAW: An American Bar Association task force
outlines a plan for adoption of an online alternative
dispute resolution provider trustmark--a common symbol that
would ensure a user of ODR services of the provider's
adherence to a shared set of guidelines or procedures. . . .
Page 2743

http://pubs.bna.com/ip/BNA/law2.nsf/id/a0a4g0p7r7_

CONSUMER PROTECTION: The Federal Trade Commission finds that
Amazon.com's revised privacy policy does not deceive
consumers concerning the circumstances in which the company
might disclose personal customer data to third parties. . .
. Page 2743

http://pubs.bna.com/ip/BNA/law2.nsf/id/a0a4g0q3p0_

CONSUMER PROTECTION: The Federal Trade Commission approves
the Children's Online Privacy Protection Act safe harbor
program proposed by TRUSTe. Firms adhering to guidelines
established by TRUSTe will be presumed to be in compliance
with regulations implementing the COPPA. . . . Page 2744

http://pubs.bna.com/ip/BNA/law2.nsf/id/a0a4g0z7a6_

LABOR: The National Labor Relations Board adopts a rule for
union decertification elections, barring incumbent unions
from using as election observers agents who does not work
for the employer. . . . Page 2745

http://pubs.bna.com/ip/BNA/law2.nsf/id/a0a4g1m6a3_

TAXATION: Sen. Susan Collins introduces a bill to exclude
from the taxable income of a plaintiff any award received in
judgment or settlement of a claim for discrimination or
violation of a civil right. . . . Page 2746

http://pubs.bna.com/ip/BNA/law2.nsf/id/a0a4g1c5d3_

TRADEMARKS: Officials from the World Intellectual Property
Organization conduct a consultation to discuss the
organization's latest recommendations for protecting against
"bad faith, abusive, misleading or unfair" registration of
domain names. . . . Page 2746

http://pubs.bna.com/ip/BNA/law2.nsf/id/a0a4g0p7t6_

TRADEMARKS: The registration of the domain name
"aimster.com" for a peer-to-peer file-sharing service that
interacts with Internet instant messaging services, in
effect, free-rides on America Online Inc.'s trademarked AIM
[AOL Instant Messenger] service in bad faith and in
violation of the Uniform Dispute Resolution Policy, an
arbitration panel of the National Arbitration Forum
concludes. . . . Page 2748

http://pubs.bna.com/ip/BNA/law2.nsf/id/a0a4g0p7c2_

UNITED STATES: The House Judiciary Committee approves
legislation that would require federal agencies to pay out
of their own budgets judgments against them in employment
discrimination and whistleblower cases. . . . Page 2749

http://pubs.bna.com/ip/BNA/law2.nsf/id/a0a4g1c5c3_

NOMINATIONS AND CONFIRMATIONS: . . . Page 2749

http://pubs.bna.com/ip/BNA/law2.nsf/id/a0a4g1z4v3_

CIRCUIT SPLIT ROUNDUP: This week's edition features cases
decided in March that acknowledge and describe disagreements
in the federal courts of appeals on various questions. . . .
Page 2750

http://pubs.bna.com/ip/BNA/law2.nsf/id/a0a4e8u3n7_

__________
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Unauthorized access or distribution is prohibited.


Dan,
I need a Master Firm Purchase/Sale Agreement in place with Intercontinental
Terminals Company.
This company is located at 1943 Battleground Road, P.O. Box 698, Deer Park
Texas 77536-0698.
My contact is Lynn Bingham (281) 884-0312. They have showed interest in doing
a  fixed rate. That
is why I would like for them to sign a Master contract at this time. That way
when we agree on a price
we can act on it without having to wait on getting them approved. They passed
along to me that they
are a sister company of Global Octane. Call me with any questions.


John, are your responsibilities concerning Heartland Steel fulfulled if the contract is terminated?

 -----Original Message-----
From: 	Vela, Valerie
Sent:	Thursday, September 27, 2001 3:31 PM
To:	Enerson, John; Mims, Patrice L.; Williams, Jason R (Credit)
Subject:	RE: Heartland Steel---CSN

Yes, we're getting paid--our payment for August gas came in under CSN. Why we're still able to supply them given the contract is terminated is my question. Wes Dempsey made it sound like a contract was being considered/negotiated and that we were in fact supplying them in the interim. CSN is upset that we are issuing bills to Heartland Steel, however, I am constrained to doing just that since there is no contract or counterparty in existence. Obviously we will continue in this manner until there's a counterparty and contract established. The only information I received from my contact at Heartland Steel, Carrie Allen, who is now at CSN is a number and name for the attorneys handling their bankruptcy. They are Alvarez & Marsal @ 212-759-4433 and she gave me the name TJ Schultz. I hope this information helps somewhat. Please let me know how to handle this customer...

 -----Original Message-----
From: 	Enerson, John
Sent:	Thursday, September 27, 2001 3:18 PM
To:	Mims, Patrice L.; Williams, Jason R (Credit)
Cc:	Vela, Valerie
Subject:	RE: Heartland Steel---CSN

Whoever is doing gas settlements should know whether we are getting paid.  The contract was terminated as of the date of the sale.

 -----Original Message-----
From: 	Mims, Patrice L.
Sent:	Thursday, September 27, 2001 2:49 PM
To:	Williams, Jason R (Credit); Enerson, John; Mims, Patrice L.
Cc:	Vela, Valerie
Subject:	Heartland Steel---CSN

Hey Guys,

I do not feel that the Heartland Steel/CSN issue is resolved.  We are now getting calls from a representative of CSN (Companhia Sidergica Nacional, LLC) saying that they have purchased Heartland Steel effective July, 2001.  If this is the case, then why are we continuing to invoice Heartland Steel?  Have we been paid by Heartland Steel?  Have we been continuing to receive the prepayments, and if so from whom?  Has CSN assumed the contractual obligations of Heartland Steel?

While the credit risk is not my responsibility, I am, however, extremely concerned that we really do not have a firm handle on the identity of our actual counterparty.

Will you please let me know how we should proceed.  I have a call into the CSN representative and it appears that they are not really happy with us, and would like to receive a visit from an Enron representative.

Let me know what the game plan is by noon, Friday, September 28, 2001.

Thank you for your cooperation.


I have an executed fax of the Transaction Agreement, and signed signature
page and incomplete portions of the Master.

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