As many of you know, I am going to be leaving Enron to pursue new
opportunities.
  I am leaving with regret,  as I have enjoyed working with all of you, and I
believe EBS
  is poised for great success in Asia.   To assist in a smooth transition,  I
have prepared
  this report on  the status of all EBS East Asia regulatory affairs actions
I am working on,
  and my thoughts about next steps.    A list of key contacts is also
provided.    Mark
  Schroeder will reassign pending actions.

   Again, many, many thanks for your support and encouragement and for what I
have
   learned about broadband and EBS from each of you.

1.   Singapore

 (a)  SBO License Application:

        The application was completed in draft in December.   Dan Arzola of
EBS Asia
        has a copy in Houston.   We cannot proceed further on the application
until we
        decide what  legal entity to use.   We have a legal entity (Enron
Broadband
        Services Pte Ltd) set up that encompasses all EBS activities
including bandwidth t
        trading.

        The legal entity that we use in the application will have to pay a 1%
annual gross
        turnover fee unless we get it waived by the regulator on the grounds
that the
        turnover fee was never intended to capture bandwidth trading
revenue.   This
        is a possible option in my opinion as the regulator (IDA) does not
want to be working at cross
        purposes with other parts of the government that wish to provide EBS
with incentives.
        See below.

    (b)  Legal Due Diligence:

        However, before pursuing a waiver from IDA,  we were planning to
complete legal due
        diligence to examine any options for avoiding the fee without a
waiver.
        Donald is of the view (see his Jan 9 e-mail ) that bandwidth trading
has to be
        licensed by the regulator.  ( In Europe, bandwidth trading usually
does not
        require telecom licensing.)   If Donald is correct as he probably is,
there may be
        less need of further legal research  on that point unless perhaps to
confirm absolutely
        that there is no way to shield EBS bandwidth trading from the
turnover fee apart from
        a waiver or reduction of the fee.    For example it is possible  that
Jan Haizmann
        or others may figure out a way to have actual trades escape the fee
(done offshore
        for example).   Jan I believe has some ideas on this that he adanced
in the context
        of Korea.

        I believe it would still be prudent  to proceed as we had planned to
engage
        a law firm here in Singapore (as we have in Hong Kong and Japan) for
the purpose
        of guiding us through these sorts of questions (or at least
confirming our reading)
        and answering the many other questions posed in a matrix developed by
a working
        group headed by Wayne Gardner.   We will likely be needing the firm
anyway at
        some point.

        I have prepared a list of seven law firms engaged in telecoms
practice in Singapore.
        EBS General Counsel is planning to examine its Asia strategy and whom
to send and
        when to engage a firm to complete Wayne's questionnaire and for other
purposes.

         My advice is, after the due diligence is completed or we have at
least confirmed
         that bandwidth trading is required to be in the licensed entity,
probably to go to the IDA and
         discuss the implications of the fee for us.   The contacts I would
suggest discussing this
         with are Andy Haire and Fiona Yeo (see contact list).]      IDA does
not wish to prevent
         EBS's coming to Singapore, and the fee was of course set up without
bandwidth trading
         specifically in mind as a revenue source.   Bandwidth trading was
referenced in the
         Code only later as a result of Enron's comment letters.

  (c)  Arthur D Little consultant proposal to support EBS Pioneer Status
Application

         This 75k proposal is now with us in final form, after undergoing
changes by me
         and two by our Houston tax lawyers.   I was to have gone to ADL
Singapore next
         for a meeting to question them on how much of this they are able to
         do independently without reliance on us.   This was a suggestion
made by
         Jim Ginty of EBS tax to make sure they would not be reprocessing our
info,
         I also intended to get them to pinpoint which of the products would
be quantified,
         rather than a "where appropriate."     Assuming we proceed with this
proposal,
         someone else will need to do this conversation with ADL Singapore.

         I have forwarded the final proposal to Wayne Garder and Mark and
most other
         interested parties earlier this week.

        NB:   Someone needs to be appointed to contact Simon MacCormac at ADL
and explain
        at least our timing and process for getting back to him, as a
courtesy.   I have not
        replied to his final submission as of now.   See contact info at end
of e-mail.

         For background,  the reason I believe EBS needs this work and sought
a consultant
         proposal is that Pioneer Status is typically awarded  to companies
that make major
         dollar, infrastructure, and job-creation expenditures in
Singapore.   Our business
         model does just the opposite.   So, to be awarded Pioneer Status,
which the EDB is
         very willing to consider us for after many months of persuasion,  I
believe we need to
         help EDB demonstrate what the quantitative spin-off benefits are for
Singapore from our
         developing bandwidth trading here (e.g. increased efficiencies of
capacity utilization,
         effect of lower bandwidth prices on attracting investment).   This
is a job for a  development
         economist teamed with someone who knows about bandwidth trading.
To my mind,
         if ADL cannot produce the bandwidth trading specialist we want, it
might be worth it
         to have one of our experts assigned to liaise with  them, and adjust
the contract
         accordingly to reflect what part we are providing.

         One thing the ADL scope of work does not provide for is the actual
completion of
         the Pioneer Status Application - only the supporting economic
analysis.  That is because it is
         proper for us to be the ones outlining our business plan for
Singapore, rather than
         running that information through ADL and charging its overhead.  The
idea is to get
         ADL to perform the quantitative economic development analysis we
cannot do in-house.

    (d)   Direct contact with EDB on EBS's plans

         EDB (Chelsia Lim ) has this week asked EBS to update her on its
business
         plans for Singapore.    I have made sure Craig Clark will take the
responsibility
         for seeing this is handled.   While a courtesy call is fine, I would
advise
         not to brief her formally until EBS has really decided what our
plans are,
         with staffing, etc.   They have been asking for our plans for a
while, and
         are waiting for some specifics when we have them.

2.    Hong Kong

        We have  2 licenses:   IVANS (value added services) and ETS (external
        telecoms services (includes bandwidth trading).

        There are several documents in draft and clearance which need to be
filed
        under these licenses before we are able to operate in Hong Kong.
        The principal ones are (a)  the system configuration plan,   (b) the
tariff for
        sale and trading of circuits under the ETS license (c) the tariff for
Mediacast
        services under the IVANS license, and (later) (d) a tariff for
VOD/EOD to
        be filed under the IVANS license.

        (a)  status of system configuration plan:

        The plan is done in draft and is being held pending a decision to be
         communicated by Roger Estrada within the next week or two as to
whether
         the Lucent 10G equipment described in the plan will be changed to
other
         equipment.    The HK lawyers  (Michelle Chan of Clifford Chance)
have said
         that if we plan to provide other equipment at the outset, we ought
to just
         wait and send in the correct description rather than revise.   If we
do stick with
         the Lucent equipment , we will also need to revise our orginal
license
         application as well (says Michelle Chan)  to include description of
related
         Cisco equipment that was not mentioned in our orginal license
application.

         When the system configuration plan is done in final, we also need to
         change the listed destination in the diagram from "San Jose"  to
"West Coast
         USA,  Japan, Singapore, and Australia".

         There are two copies of the present draft submission typed on the
OFTA forms.
          I have given one to Craig Clark of EBS to carry back to Houston.
The other
         copy is with Annie Ng in our Singapore office.

         When we know what equipment we are going to be using, Tom Wei needs
to
         revise the diagram and also make the changes in destination referred
to above.
         Other small edits need to be made in Appendix A (see Dec 28 e-mail
referenced
         below).   My successor should review the whole package once more
with Michelle
         Chan in final.    Then the final package needs to be cleared by
Anthony Duenner
         and our EBS lawyers before going to Ken Rice or another qualified
Director of
         our Hong Kong company for signature.   After that it goes back to
Michelle Chan
         for filing with OFTA.

         NB:   See Michelle Chan's e-mail of Dec 28, being repeated
separately, for
                  further information.

       (b)   Tariffs for BWTrading under ETS License

        In December in Houston I worked with Bill White and his staff on a
tariff plan for
        bandwidth trading in HK.   Based on a meeting I had with the
regulator in Hong
        Kong,   we agreed to file pro forma ceiling prices rather than an
entirely new
        and variable system which the regulator insisted we not do.
Ceiling  prices
        were developed and submitted to Michelle Chan for review.

        Along with the prices we are required to submit our Terms and
Conditions.   For
        that I used EBS General Terms and Conditions (GTC's) for trading
obtained from
        Robbi Rossi and Michelle Heard.  Mike Grimes  has a set as well.

        Present status:  Right now a dialogue is under way between Michelle
Chan and
        Robbi Rossi as to whether it is sufficient to file the GTC's alone or
whether
        certain exhibits, service level agreements, and confirmations
referred to in
        the GTC's must also be filed.   There are other questions being
discussed in
        that channel  such as how to handle variations in the terms based on
        commercial dynamics.     All these e-mails will be  forwarded.   Once
these
        issues related to the GTCs are resolved, the tariff for bandwidth
trading should
        be filed, going through Michelle Chan.

        NB:  See Michelle Chan e-mail of 1/09/01 which being forwarded
separately.

     (c)  Tariff for Media Cast under IVANS license:

       I worked with Leroy Ho and Ken Wang in December and we submitted the
main
       part of the Media Cast tariff to Michelle Chan.   However, we still
need to get the
       Terms and Conditions for Media Cast from Robbi Rossi or Michelle Heard
and
       attach them to the tariff diagrams and submit them to Michelle Chan.

       NB:   See my e-mail to Michelle Chan of Dec 21 which being repeated.
       Someone needs to work with EBS legal to get the T and C's for Media
Cast to Michelle
       or to set up direct channel between EBS legal and Michelle Chan as in
       the case of the exchanges on the T and C's for Bandwidth trading
referred
       to above.

      (d)   Overall change of responsibility for EBS Regulatory HK

        Michael,  or whomever will be taking over these responsibilities,
should
        get from Michelle Chan of Clifford Chance Hong Kong a fresh copy of
        Alison Lindsay's letter to Xi Xi of October 2000 stating that we
received
        our licenses and setting forth in detail all of the requirements.
This is the
        master document ("bible") on compliance under our licenses and will
catch any
        detail not included above.   For example:

            - my successor should also file a new form with OFTA,  the Hong
Kong
              regulator (form is included in the attachments to the letter)
naming
              himself the point of contact, replacing me.    Michelle Chan
can forward
              the letter to the regulator.

           -  we will need to be selecting an independent auditor to certify
certain routine
              reports we may need to file in future.   I have not started on
that.

3.    Korea

       Robbi Rossi needs to call Kim and Chang (law firm we use in Korea)
       to authorize them to research and provide advice to us on how to
handle
       the apparent regulatory impediment to Bandwidth Trading in Korea that
       we identified during my November trip.

       Once Kim and Chang starts work on this, someone from regulatory should
       be made available to help guide Kim and Chang on our regulatory
       questions, in coordination with Robbi Rossi.

       The key e-mails are (a) one from me outlining the overall problem and
        some suggestions for dealing with it ;  (b) one from Jan Haizmann
with
        some additional and in some cases alternative suggestions on how
        to deal with it,  (c)  two from Jae Moo Lee in Korea with additional
        points of view.  These will be forwarded.

  4.   Japan

       Our regulatory consultant is Art Yanagawa.   Contact info below.  Mike
Grimes
       and I have been in meetings with him and  Mike is fully briefed to
carry on the
       on-the-ground  part of contacts with Art.   Art also responds to
Donald and
       Roger Estrada and relies on them for guidance and input.

      At some point it should be thought through who should be the point
person
      to manage  this contract and approve payments, or decide to leave things
      as they are with approvals done in Houston.    The present system works
but
      it is not clear to me who is responsible for what.

      Art has prepared the amendment to our Special Type 2  license to add
      service to other destinations.   The latest status was that he was
holding
      the amendment over the holidays while clarifying some points raised by
      Mike Grimes.    Someone needs to be assigned responsibility for
      getting the amendment through.

      General Concern:

      A more general regulatory concern for us in Japan is that our
consultant
      advises us that we cannot use the term bandwidth trading  in
      communications with the government because it is not something
      contemplated in the Telecom Business Law,  so is prohibited if
      stated as we would state it elsewhere.

      We therefore are having to go through elaborate contortions to make
      what we are planning to do actually look like we are doing something
      else.    I admit that I agree with the approach we are taking for now
and
      can offer nothing better for the immediate term.

      However, I would say that long term we are running some risks.    If we
      are going to make Japan  one of the centerpieces of our  Asia EBS
      strategy,   I think we need to consider devoting more full time EBS
      regulatory resources to Japan exclusively.

       The allocation problem is that whatever regulatory resources we apply
       have to focus on  immediate license amendment  and operational
       questions that drive out time to work effectively on long term
       issues such as how to go about amending the Telecommunications
       Business Law  to allow bandwidth trading explicitly.    This would seem
       important to reduce long term risks to our business strategy.

5.    "Digital Divide"

       I had been giving intermittent support to helping Scott Yeager and
Justin
       Cornett of EBS, and Will Reed of Technology for All, figure out how
       to expand the concept of Technology for All to Asia.    The strategy
       was to utilize some of Japan's $15 billion pledge of funds to support
       digital divide activities in Asia - to support the expansion into Asia
of
       the EBS-supported TFA model.    This work will cease unless it can
       be picked up by Laura Lannarone of corporate social responsbility
       or Steve Burns of the DC office.

6.   KEY CONTACTS for operational items in this memo:

(a)   SBO License:  InfoCom Development Authority of Singapore

        (1)  Ms. Fiona Yeo, Asst Dir Competiton  - 211-1824
        (2)  Mr. Andrew Haire - Senior Director Policy and Regulation -
211-1731
        (3)  Ms Hema Ramnani - Manager- Policy   211-1860
        (4)  Ms Aileen Chia, Deputy Director, Economic Regulation - 211-1883
        (5)  Ms Ng Cher Keng, Director, Policy - 211-1828

(b)  Pioneer Tax Status:  Economic Development Board

       (1)  Chelsia LIM - Senior Officer Infocomms and Media - 832-6676
              <chelsial@edb.gov.sg>
       (2)  Bernard NEE -  Head, Infocomms and Media - 832-6964
       (3)  Sean LOW - Senior Officer Infocomms and Media - 832-6260
              <seanlow@edb.gov.sg>
       (4)   LEE Eng Keat - same as above - 832-6006

(c)  Arthur D Little proposal

        (1)  Simon MacCormac - Associate Director
              297-2300
              <maccormac.simon@adlittle.com>

        (2) Peter J Connell - Vice President
               207-2300
             <connell.peter@adlittle.com>

(d)  Hong Kong License filings:

       (1)  Michelle Chan  852-2825-8888
              <michelle.chan@cliffordchance.com>

       (2)  Alison Lindsay
               <alison.lindsay@cliffordchance.com>

        (3)  OFTA:  M.H. Au
               Senior Asst Director (Regulation)
               852-2961-6688
               <mhau@ofta.gov.hk>

(e)  Japan Telecom regulatory consultant to  EBS:

       Art Yanagawa
       81-3-5418-7056
       <arthur@asianet.co.jp>

David

       for example, the option of whether we can break bandwidth trading
functions
       out of the entity


ALAN, YOU WEREN'T LAST IN OUR CLASS. I WAS AT #462.
I CHOOSE TO FORGET WHAT GRADE POINT IT TOOK TO
ATTAIN THAT DISTINCTION. AT LEAST I PASSED ENOUGH
COURSES TO GET INITIATED.

GEORGE STEINWART

------------------------ Yahoo! Groups Sponsor ---------------------~-->
Universal Inkjet Refill Kit $29.95
Refill any ink cartridge for less!
Includes black and color ink.
http://us.click.yahoo.com/E11sED/MkNDAA/ySSFAA/Vk9qlB/TM
---------------------------------------------------------------------~->

At Homecoming 2000, the BETA TENT had the biggest crowd by far.  Stay connected and consider a future homecoming BETA reunion.  It's incredible...forget the 20 years in between...everyone just seems to pick it up right where they left off years ago.

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


I'm sorry Bob - AMPS
---------------------- Forwarded by David W Delainey/HOU/ECT on 02/09/2001
06:03 PM ---------------------------

David W Delainey
02/09/2001 06:04 PM
To: Robert P Virgo/HOU/ECT@ECT
cc:
Subject:

Bob, please give me an update on our progress on this item and the viability
of the technology.

Regards
Delainey


I will be on the telephone on this one because of a management meeting the same day.  Mark

-----Original Message-----
From: Robert Pickel [mailto:RPICKEL@isda.org]
Sent: Friday, October 12, 2001 5:53 PM
To: ISDA BOARD
Cc: Cynthia Richards
Subject: Upcoming Board Meeting

Our board meeting is scheduled for Tuesday, November 13, in New York. It is
our annual budget meeting so it is an important meeting. I am aware,
however, that some firms have instituted temporary bans or limitations on
travel. It would be helpful to know for planning purposes whether you will
be able to make it to New York for the meeting. George James is hosting the
meeting here at the Morgan Stanley offices.

Bob


Attached is the Assignment/Termination/Expiration Report for March 2001.  If
you no longer wish to be
on this distribution, please let me know.

I am resending the March ATE report  since several people that were on the
distribution list did not receive this report.
If you have already received the report that was forwarded earlier by Sylvia
Campos, please disregard.

Thanks,
Linda


Greg:

It looks like Melba sent you an example of a put.  There is nowhere else on
the website to explain the different calculations so they use the identical
Long Description except for that one clause to differentiate between puts and
calls.  So far there have not been any collars, straddles, etc. offered.

On the second change, it looked to me like the preceding sentence already
covers the treatment of holidays:

...at the end of such day (normally being 4:05 p.m. (MPT)) on EnronOnline (or
for Saturdays, Sundays and statutory holidays, at the end of the day on the
preceding business day)...

which makes the deleted language redundant.

	Greg Johnston
	03/12/2001 11:30 AM

		 To: Melba Lozano/HOU/ECT@ECT
		 cc: Dianne Seib/CAL/ECT@ECT, Lon Draper/CAL/ECT@ECT, Mark Taylor/HOU/ECT@ECT
		 Subject: Re: Option Language

Melba, I have reviewed the proposed changes and I do not believe that they
should be made.  The change to the calculation of the Cash Settlement Amount
to specify it is the Strike Price minus the Index doesn't work unless the
option is a put.  We want this long description to work for all options
(puts, calls, collars, etc.) and for each of those the calculation of the
Cash Settlement Amount is different.  That is the reason that we originally
put in the generic language that the Cash Settlement Amount is "the greater
of zero or the amount calculated as set forth on the Website", such that the
actual calculation mechanism for the Cash Settlement Amount will be set forth
in each specific product.  Therefore, I would suggest we change it back to
the original wording.

On the second change, I know that the wording that was removed is important
to our traders.  If the description is silent on holiday pricing (which will
be the case if we make the suggested change), I am not sure as to what the
default is.  We need to make sure that the default where the pricing for
holidays is not specified is exactly the same as the wording removed,
otherwise the wording removed needs to be put back in.  I am also not clear
on why we would remove the wording in the first place and create any
uncertainty as to holiday pricing.

Thanks
Greg

To: Greg Johnston/CAL/ECT@ECT
cc: Dianne Seib/CAL/ECT@ECT, Lon Draper/CAL/ECT@ECT
Subject: Option Language

Greg,

Attached please find the language for the Option products.  I need final
approval from you. Changes were suggested by Mark Taylor.

Thansk,

Melba


these files are password protected. what is this for? rick

 -----Original Message-----
From: 	Schultz, Cassandra
Sent:	Tuesday, May 01, 2001 3:40 PM
To:	Murphy, Ted; Port, David; Buy, Rick
Subject:	FW: Frevert Report - Published 4/30/01

FYI.

I will review weekly and highlight any items of interest in our weekly update meeting.

 -----Original Message-----
From: 	Moore, Mary Kay
Sent:	Tuesday, May 01, 2001 3:21 PM
To:	Mayeux, Cassandra; Brown, Sarah; Apollo, Beth; Schultz, Cassandra
Cc:	Killen, Faith
Subject:	Frevert Report - Published 4/30/01

 << File: Americas Trading.xls >>  << File: Assts_Invts.xls >>  << File: EarningsSumExpdetail.xls >>  << File: EEL Trading.xls >>  << File: EES Trading.xls >>  << File: EGM Trading.xls >>  << File: EIM Trading.xls >>  << File: ENW Trading.xls >>  << File: Expenses.xls >>  << File: Headcount.xls >>  << File: Origination.xls >>

Thanks
Mary Kay


Haas NewsWire
September 10, 2001

----------
CONTENTS
    * Haas Ranks Fourth Again in US News Undergraduate Rankings
    * Arun Sarin and John Gage to Speak at the Leading Edge Conference
    * The Second of Six New Faculty Profiles: Chris Hennessy Joins the
Finance Group
    * Haas in the News
    * Happening at Haas
    * Haas Celebrations
    ----------
HAAS RANKS FOURTH AGAIN IN US NEWS UNDERGRADUATE RANKINGS
The Haas School of Business ranked fourth for the second year in a row in
the 2001 US News & World Report survey of undergraduate business school
programs published today, September 10. In fact, the six top schools earned
the same ranks they did last year.

  The top ten programs and their scores (5.0 being the highest):

1. University of Pennsylvania (Wharton) 4.8
2. Massachusetts Institute of Technology (Sloan) 4.6
2. University of Michigan-Ann Arbor 4.6
4. University of California-Berkeley (Haas) 4.5
5. University of North Carolina-Chapel Hill (Kenan-Flagler) 4.3
5. University of Texas-Austin (McCombs) 4.3
7. Carnegie Mellon University  4.2
7. University of Virginia (McIntire) 4.2
9. Indiana University-Bloomington (Kelley) 4.1
9. New York University (Stern) 4.1
9. University of Illinois-Urbana-Champaign 4.1

"Once again, we are extremely pleased that the Haas undergraduate program
is ranked among the top 4 undergraduate business programs by US News &
World Report along with such esteemed institutions as Wharton, MIT, and
Michigan," said Dan Himelstein, director of the Haas undergraduate program.

There are 350 accredited schools that offer undergraduate degrees in
business, 48% of which responded to this survey. US News asked deans and
senior faculty to rate the quality of all programs they are familiar with
on a scale of 1 (marginal) to 5 (distinguished).

"This top-four ranking of the Haas undergraduate program means that US News
& World Report recently ranked three Haas degree programs in the top ten --
Undergraduate, MBA, and Evening MBA," said Andy Shogan, associate dean of
academic programs. "This is a tribute to the overall excellence of the Haas
School's students, faculty, staff." The MBA program ranked 7th and the
Evening MBA program ranked 8th in March of 2001.

US News also ranked several school-wide specialties or particular strengths
of business programs. Here is how the Haas School faired this year:

3rd in Marketing (4th in 2000)
4th in Finance (4th in 2000)
5th in Management (3rd in 2000)
5th in E-commerce (5th in 2000)
7th in Entrepreneurship (8th in 2000)
8th in International Business (6th in 2000)
9th in Accounting (not ranked in 2000)
9th in Production/Operations Management (not ranked in 2000)
11th in Management Information Technology (not ranked in 2000)
13th in Supply Chain Management/Logistics (not ranked in 2000)

Any school that offered any courses in a particular specialty was eligible
to be ranked in that area. Deans and senior faculty of business schools
nominated up to 10 of the best programs in each specialty area.

For a complete listing of the rankings, visit
http://www.usnews.com/usnews/edu/college/rankings/rankindex.htm.
----------
ARUN SARIN AND JOHN GAGE TO SPEAK AT THE LEADING EDGE CONFERENCE
The future of high tech comes to Haas in two weeks with the 4th Annual
Leading Edge Technology Conference, "@ the intersection of business,
technology, and leadership," which takes place on September 21 and 22.

The student-run Leading Edge Technology Conference sold out the last two
years in a row and demand for this year's conference is expected to be just
as high. Ticket sales are open to Haas MBA students and faculty, UC
Berkeley students and faculty, alumni, and business community members. The
price is $75 for general admission. Students currently enrolled at UC
Berkeley are eligible for a discounted admission price of $50.

Please visit the conference's official website at www.TheLeadingEdge.org
for the latest updates on ticketing and for the conference schedule.

The conference starts off on Friday, September 21, with a special evening
recruiting reception for Leading Edge sponsors. Various industry players
who are a vital part of the technology industry have sponsored the
conference. They include, Fortune, Business 2.0, JP Morgan, Accenture, New
York Stock Exchange, Broadview, Hewlett-Packard, BEA Systems Inc., and the
UC Berkeley Management of Technology program.

On Saturday, September 22, the day begins with the Technology Futurists
Forum, a chance to hear what some of the leading thinkers in Silicon Valley
see as the next big thing for high tech. Forum participants include Bob
Bauer, manager of the Advanced Systems Development Laboratory at Xerox
PARC; John Gage, chief researcher and director of the Science Office at Sun
Microsystems; and Robert Mittman, director of the Institute of the Future.
Ned Desmond, editor and president of Business 2.0, will moderate.

Arun Sarin, MBA 78, MS 78, CEO of Accel-KKR Telecom, will give a keynote
speech on the world of telecomm. Sarin is the former CEO of InfoSpace,
Inc., and of the US and Asia Pacific regions of Vodafone.  Keynote speaker
Brian Bogosian, president and CEO of Visto Corporation, will also share his
vision of technology.

After the forum, three sessions of panel discussion scheduled throughout
the day will cover a broad range of topics led by some of the most
outspoken and respected luminaries in their respective industries today.
Topics include:

   +Nanotechnology: Big Things In Small Packages?
   +New Frontiers: Technology in Developing Countries
   +Fuel Cells and a Hydrogen Economy: The Future of Energy or a
Hindenburg-esque Flop?
   +MicroMechanical Systems (MEMS): The Giant Impact of Microscopic Devices
   +Energy Technology
   +May Day! May Day! Who Owns the Internet Anymore?
   +Venture Capital: Changes and New Directions
   +The Future of Wireless Networks: Connect Anywhere?
   +New High Score: The Expanding Business of Electronic Games
   +Technology Valuation & Strategy: Post-Bubble
   +Free Ain't Cheap Enough: Getting Physicians to use Information Technology
   +E-Learning: Can E-Learning Live Up to its Hype of Transforming Skill
Acquisition in the Corporate Classroom?
   +Media Convergence: When Will it Really be Available to the Masses?
   +Data Storage: Startups and VCs on the Hype versus the Real Opportunity
   +Birth, Life, Death, and the Afterlife in Biotechnology

Participants will also be able to see innovation in action at the EdgeXpo
Technology Fair, which will provide hands-on access to some of the newest
technologies on the market today. The gadgets include the wireless
technology currently being used at Giants games; MEMS technology; and
interactive webcast technology.  The current exhibitors list for EdgeXpo are:

   +C Technologies
   +Candescent Technologies
   +Identix
   +Motorola
   +Motion Sense
   +Wideray
   +Xora, Inc.

Participants are encouraged to bring their handhelds to the event because
the conference will be using WideRay's patented wireless technology to
broadcast conference details to attendees.
----------
  THE SECOND OF SIX NEW FACULTY PROFILES: CHRIS HENNESSY JOINS FINANCE GROUP
Christopher Hennessy joined the Finance faculty this fall fresh from
Princeton University where he received his Ph.D. and served as a lecturer
in Fall 2000. His research interests include how businesses are financed
and how that affects decision making.

In his dissertation Hennessy discussed the way in which the choice of
financing for a business (debt, equity, convertible debt, or equity
warrants) affects investment policy.  "I deal with two issues, the amount
of investment and the riskiness of investment," says Hennessy.  Businesses
with higher amounts of debt are found to lower investment levels,
particularly when the debt level is heavy enough to push the firm into
lower bond rating categories. "My advice to lenders: don't think people are
bad; they are worse than you think."

Hennessy believes that understanding what determines the investment policy
of businesses is essential to fostering economic growth.  "A major part of
the reason why the US enjoys its high standard of living is that capital is
plentiful," says Hennessy. "Capital remains plentiful despite high taxation
of capital income in the US. I believe part of the reason is that the US
has given investors superior protection in terms of stability of property
rights and guarantees against managers running off with funds.  Russia
offers a clear demonstration of what happens if you do not anticipate and
protect against perverse managerial incentives."

In addition to his Ph.D. in economics, Hennessy has a Masters of Public
Administration from Princeton University. His BA is from Swarthmore College
in economics and political science.  Prior to pursuing his doctoral degree,
he was a senior consultant in the Barents Group of KPMG Peat Marwick.

In spring 2002, Hennessy will teach Corporate Finance in the Masters of
Financial Engineering Program and Corporate Finance in the Ph.D. Program.
His office is located in F632, his phone number is 3-1900, and his e-mail
is hennessy@haas.berkeley.edu.
----------
HAAS IN THE NEWS
Michael Katz, the Edward J. and Mollie Arnold Professor of Business
Administration, was mentioned in the San Francisco Chronicle on Sept. 7 in
an article titled "Few See End to Antitrust Enforcement."  Read it here:
http://www.sfgate.com/cgi-bin/article.cgi?file=/chronicle/archive/2001/09/07/MN225745.DTL.

Severin Borenstein, the E.T. Grether Professor in Public Policy and
Business Administration, was quoted in the Sacramento Bee on the
relationship between company shutdowns and increasing electricity costs on
Sept. 6.  Read the full article here:
http://www.capitolalert.com/news/capalert01_20010906.html.

Andew Issacs, executive director of the Management of Technology Program,
was quoted in the Los Angeles Times on Sept. 6 in an article about the
meltdown of the dot-com industry.
http://latimes.com/technology/la-000071914sep06.story.

Raymond Miles, professor emeritus and former dean, commented on the Hewlett
Packard-Compaq deal in the San Francisco Chronicle on Sept 6.  Read more
here:
http://www.sfgate.com/cgi-bin/article.cgi?file=/chronicle/archive/2001/09/06/BU88381.DTL.

The Washington Times quoted James Lincoln, the Warren E. and Carol Spieker
Professor of Leadership and the director of the Institute of Industrial
Relations, in an article about Japan's rising unemployment titled "Rising
joblessness threatens security," on Sept. 5.  Read the full article here:
http://www.washtimes.com/world/20010905-16007186.htm.
----------
HAPPENING AT HAAS
Pacific Rim Firm Night
First- and second-years get to mingle with representatives from a variety
of companies at this business casual recruiting event. Bring your resume.
Thursday, September 13, 2001
6:00 p.m. to 8:00 p.m.
Location: TBD

Changing Neighborhoods: New Visions for Community Revitalization
Berkeley Program on Housing and Urban Policy Third Annual Conference:
keynote speakers are Art Agnos, former San Francisco Mayor and Regional HUD
Administrator in the Clinton Administration, and James Carr, vice president
of the Fannie Mae Foundation.
Friday, September 14, 2001
All day
Arthur Andersen Auditorium
For more information, visit
http://urbanpolicy.berkeley.edu/2001conference.htm.

Consumption Function
Friday, September 14, 2001
5:00 p.m. to 9:00 p.m.
Haas Courtyard/B of A Forum

C4C Bowling Night
First fundraiser of the academic year for Challenge for Charity.
September 19, 2001
9:00 p.m. to 11:30 p.m.
For more information, contact Wendy Hsu at 510-524-3502 or email at
whsu@haas.berkeley.edu.

The Fifth Annual UC Berkeley Forum on Knowledge and the Firm
"New Patterns in Knowledge Management in the Knowledge Economy"
Friday, September 21, 2001
9:00 a.m. to 3:30 p.m.
Arthur Andersen Auditorium
For registration and schedule, please visit
http://groups.haas.berkeley.edu/imio/knowledge/index2001.htm.

Haas EvMBA Association
Haas EvMBA Golf Classic
October 7, 2001
Diablo Grande Golf Course:  https://www.diablogrande.com/
Cost: $100/student, faculty and staff; $150/alumni

This first annual event is designed to be a networking opportunity for
current evening students, faculty, staff, alumni, and corporate
recruitors.  In addition, the event will raise money and awareness for the
local nonprofit organization, OTX (Oakland Technology Exchange).  To join
the fun, contact the Evening MBA  Program office, or the organizer, Cindy
Best, at best@haas.berkeley.edu.

Ph.D. Seminars
E.T. GRETHER MARKETING SEMINAR
"Promoting to Multiple Agents: The Case of Direct-to-Consumer Drug
Advertising," by Marta Wosinska, UC Berkeley
Thursday, September 13, 2001
3:30 p.m. to 5:00 p.m.
Room F320
For more information, contact Laura Gardner at lgardner@haas.berkeley.edu

E.T. GRETHER MARKETING SEMINAR
"Consumer Search Costs and Endogenous Product Design," by Dmitri Kuksov, UC
Berkeley
Thursday, September 20, 2001
3:30 p.m. to 5:00 p.m.
Room F320
For more information, contact Laura Gardner at lgardner@haas.berkeley.edu

IDS270-INSTITUTIONAL ANALYSIS WORKSHOP
"Devaluations and Debt Forgiveness: Historical and Contemporary Evidence,"
Randal Kroszner, University of Chicago
Thursday, September 20, 2001
4:00 p.m. to 6:00 p.m.
Room C325, Cheit Hall
For more information, contact Anita Stephens at stephens@haas.berkeley.edu

REAL ESTATE SEMINAR
"Non-Recouse Loans and the Value of Income Producing Real Estate," by
Stephen Cauley, USC
Friday, September 21, 2001
11:00 a.m.
Room C250, Cheit Hall
For more information, contact Lynn Lobner at lyoung@haas.berkeley.edu

ACCOUNTING SEMINAR
Hemang Desai, Southern Methodist University
Friday, September 21, 2001
4:00 p.m.
C325 Cheit Hall
For more information, contact Lorraine Seiji at seiji@ haas.berkeley.edu

ALUMNI EVENTS
East Bay Chapter Family Picnic
The East Bay Chapter of the Haas Alumni Network presents "Fun in the
Montclair Sun,"
an informal afternoon get together in the park. All Haas alums welcome.
Saturday, September 15, 2001
3:00 p.m. to 5:00 p.m.
Montclair Park, Montclair Village (off Hwy 13 at Moraga or Park exits in
Oakland).
Contact and Phone Leslie Fisher, 925-244-1233 or email at
lkfconsulting@hotmail.com.
Soft drinks will be provided. Please bring your own food or snacks and a
dessert to share.  RSVP: By September 1st to Leslie Fisher at 925-244-1233
or lkfconsulting@hotmail.com Please provide your name, email address, and
number of people attending.

San Francisco Chapter Bar of the Month
The San Francisco Chapter of the Haas Alumni Network presents the San
Francisco Bar of the Month.  Join fellow alumni every third Thursday of the
month at 7:00 p.m.
Thursday, September 20, 2001
7:00 p.m. to 10:00 p.m.
Trad'r Sam Cocktail Lounge, 6150 Geary in the Richmond District
For more information, contact Henry Hwong, at 415-625-1270 or via email
hhwong@alumni.haas.org.
----------
HAAS CELEBRATIONS
Birthdays
Evelyn Graham, September 10
Dan Sullivan, September 13
Andy Shogun, September 17
David Downes, September 22

The Haas NewsWire respects the wishes of staff and faculty who would not
like their birthdays announced. Please e-mail a request to have your
birthday marked "do not announce" on the central birthday list to
Haasnews@haas.berkeley.edu.
----------
The Haas NewsWire is the electronic news weekly for the Haas community
published every Monday by the Marketing and Communications Office at the
Haas School. Send your news, feedback, and suggestions to
haasnews@haas.berkeley.edu.

Archived issues of Haas NewsWire are available online at
http://www.haas.berkeley.edu/groups/newspubs/haasnews/archives/hncurrent.html.

To subscribe to Haas NewsWire, address e-mail to
majordomo@haas.berkeley.edu; in the body of the message type "subscribe
haasnewswire" in the first line, and "end" in the second line. To
unsubscribe to HNW, type "unsubscribe haasnewswire" in the first line, and
"end" in the second line.


----- Forwarded by Jeff Dasovich/NA/Enron on 02/23/2001 04:40 PM -----

	Scott Govenar <sgovenar@govadv.com>
	02/23/2001 08:34 AM

		 To: Hedy Govenar <hgovenar@govadv.com>, Mike Day <MDay@GMSSR.com>, Bev
Hansen <bhansen@lhom.com>, Jeff Dasovich <jdasovic@enron.com>, Susan J Mara
<smara@enron.com>, Joseph Alamo <JAlamo@enron.com>, Paul Kaufman
<paul.kaufman@enron.com>, Michael McDonald <Michael.McDonald@enron.com>,
David Parquet <David.Parquet@enron.com>, Rick Johnson
<rick.johnson@enron.com>, Marcie Milner <mmilner@enron.com>, Sandra McCubbin
<Sandra.McCubbin@enron.com>, Tim Belden <Tim.Belden@enron.com>, Rick Shapiro
<rshapiro@enron.com>, Jim Steffes <james.d.steffes@enron.com>, Alan Comnes
<acomnes@enron.com>, Chris Calger <ccalger@enron.com>, Mary Hain
<mary.hain@enron.com>, Joe Hartsoe <Joe.Hartsoe@enron.com>, Donna Fulton
<Donna.Fulton@enron.com>, Steven Kean <Steven.J.Kean@enron.com>, Karen Denne
<kdenne@enron.com>, Beverly Aden <beverly.aden@enron.com>, Bill Votaw
<bill.votaw@enron.com>, Carol Moffett <carol.moffett@enron.com>, Debora
Whitehead <debora.whitehead@enron.com>, Dennis Benevides
<dennis.benevides@enron.com>, Don Black <don.black@enron.com>, Dorothy
Youngblood <dorothy.youngblood@enron.com>, "dblack@enron.com"
<dblack@enron.com>, "emelvin@enron.com" <emelvin@enron.com>,
"ehughes2@enron.com" <ehughes2@enron.com>, "gweiss@enron.com"
<gweiss@enron.com>, "gsavage@enron.com" <gsavage@enron.com>,
"Harry.Kingerski@enron.com" <Harry.Kingerski@enron.com>, "kgustafs@enron.com"
<kgustafs@enron.com>, Mike D Smith <msmith1@enron.com>, "ryang@enron.com"
<ryang@enron.com>, "sgahn@enron.com" <sgahn@enron.com>, "vsharp@enron.com"
<vsharp@enron.com>, "wcurry@enron.com" <wcurry@enron.com>,
"William.S.Bradford@enron.com" <William.S.Bradford@enron.com>, Leslie Lawner
<Leslie.Lawner@enron.com>, John Neslage <john.neslage@enron.com>
		 cc:
		 Subject: Hearings

These committees will all meet on Monday at 1:30 p.m. to hear the
following bills.  I have included brief descriptions.  The bills are
however subject to change.

Assembly Energy, Costs and Availability

ABX1 9 (2001-2002), Richman: ASM
Digest Summary: Under existing law, the State Energy Resources
Conservation and Development Commission has various powers and duties
with respect to the siting of thermal powerplants, as defined, in the
state.
This bill would require the commission, at the earliest possible time,
to identify the 10 counties in the state with the highest total
population and electricity demand for the 10 years preceding January 1,
2001, and, after completing that identification of counties, to allocate
a total of 20 sites that are distributed throughout those identified
counties to be used as a location for a 1000 megawatt thermal powerplant
and related facilities, as provided.

ABX1 13 (2001-2002), Firebaugh: ASM
Digest Summary:Existing law requires the Public Utilities Commission to
establish a program of assistance to low-income electric and gas
customers, which is referred to as the California Alternate Rates for
Energy or CARE program.
This bill would establish the Low-Income Oversight Board for the purpose
of monitoring and evaluating the implementation of low-income programs.

ABX1 25 (2001-2002), Runner: ASM
Digest Summary:Existing law authorizes the governing board of a school
district that determines during a fiscal year that its revenues are less
than the amount necessary to meet its current year expenditure
obligations to request an emergency apportionment through the
Superintendent of Public Instruction subject to requirements and
repayment provisions.
This bill would establish the Interruptible Program Contingency
Revolving Loan Fund, appropriated to and administered by the State
Department of Education, to provide loans to school districts, community
college districts, and private postsecondary educational institutions
for the purpose of paying unexpected energy costs.

ABX1 26 (2001-2002), Leach: ASM
Digest Summary:Existing law authorizes the governing board of a school
district that determines during a fiscal year that its revenues are less
than the amount necessary to meet its current year expenditure
obligations to request an emergency apportionment through the
Superintendent of Public Instruction subject to requirements and
repayment provisions.
This bill would establish the continuously appropriated School Energy
Contingency Revolving Loan Fund to provide loans, to the extent that
funds are transferred to the fund and according to specified priorities,
to school districts and charter schools for the purpose of paying
unexpected energy costs.

ABX1 38 (2001-2002), Jackson: ASM
Digest Summary: Existing law establishes the California Alternative
Energy and Advanced Transportation Financing Authority and prescribes
the duties of the authority with respect to, among other things,
promoting prompt and efficient development of energy sources that are
renewable or that more efficiently utilize and conserve scarce energy
resources.
The bill would appropriate $150,000,000 from the General Fund to the
authority for a program to create loan guarantees to underwrite joint
venture agreements between public power entities, independent
generators, and utilities for specified purposes.

Assembly Natural Resources:

ABX1 31 (2001-2002), Wright: ASM
Digest Summary: Existing law authorizes any person to petition the
hearing board of an air pollution control district or air quality
management district for a variance from the rules, regulations, or
orders of the district.
This bill would provide that a breakdown condition includes, but is not
limited to, the startup or shutdown of a facility that has complied with
applicable startup and shutdown procedures, or a failure to operate air
emission control equipment, if either condition is caused by a power
interruption or curtailment initiated by the Independent System
Operator, a public utility electrical corporation, or local publicly
owned electric utility, as defined.

ABX1 34 (2001-2002), La Suer: ASM
Digest Summary: The Warren-Alquist State Energy Resources Conservation
and Development Act authorizes the State Energy Resources Conservation
and Development Commission, upon a declaration by the Governor or by an
act of the Legislature that a threat to public health, safety, and
welfare exists and requires immediate action, to determine that all
reasonable conservation, allocation, and service restriction measures
may not alleviate any energy supply emergency, and to authorize the
construction and use of generating facilities under the terms and
conditions as specified by the commission to protect the public
interest.
This bill would make a legislative declaration that a threat to the
public health, safety, and welfare exists that requires immediate action
and that all reasonable conservation, allocation, and service
restriction measures have not alleviated the energy supply emergency.

ACRX1 2 (2001-2002), Cogdill: ASM
Digest Summary:This measure would urge the Governor of California to
expand the current declaration of emergency in California and to exert
his emergency power authority to increase the production of electricity
in California and order the Public Utilities Commission to meet in an
emergency session to enact a comprehensive regulation allowing for
forward and bilateral contracting of energy purchases without a
reasonableness review of the contracts.

Senate Natural Resources

SBX1 28 (2001-2002), Sher: SEN
Digest Summary: Existing law contains various provisions relative to air
pollution control.
This bill would require the State Air Resources Board, in consultation
with air districts and the State Energy Resources Conservation and
Development Commission, to implement a program for the expedited
retrofit of electrical generating facilities to ensure that the
facilities are permitted to operate in a manner that complies with law.


Yes - you have a hotel room with me (can you handle that!?!?!), but it will
not be at the Four Seasons...

:-)

Scott Hendrickson
03/15/2001 03:12 PM
To: Julie A Gomez/HOU/ECT@ECT
cc:
Subject: Re: The New York Energy Risk Management Seminar

That would be fun...is your hotel taken care of through the weekend???  I
have an old unused domestic ticket that I may be able to apply to New York.
Maybe I could even take Friday off....

Scott


Did you ever receive these documents?  If so, I need the originals.

----- Forwarded by Gerald Nemec/HOU/ECT on 02/28/2001 05:35 PM -----

	"Brian Stone" <htebs@huber.com>
	02/05/2001 10:56 AM

		 To: <Chris.Meyer@enron.com>
		 cc: <Gerald.Nemec@enron.com>, <Mark.Whitt@enron.com>,
<Stephanie.Miller@enron.com>
		 Subject: Re: Huber Contracts

Chris,
Huber has executed the following documents today:

1. Trailblazer Assignment and Assumption Agreement signed add'l
original

2.  Amended and Restated Transaction Agreement #2

3.  Enfolio Master Firm Purchase / Sale Agreement replacing a
previously executed "fax" version.

I will overnight the documents to you.  Please have them executed and
return one of each for my files.

Thanks for your help, and best of luck in your new venture at Enron.
Brian Stone.


Enjoy

 -----Original Message-----
From: 	Ring, Andrea
Sent:	Tuesday, November 20, 2001 1:11 PM
To:	Brawner, Sandra F.
Subject:	FW: Things to do when the boss is out.

 -----Original Message-----
From: 	Winckowski, Michele
Sent:	Wednesday, October 17, 2001 4:16 PM
Subject:	FW: Things to do when the boss is out.

 - cubicle hurdles.mpeg
 - Hallway races.mpeg
 - Rowing.mpeg


-----Original Message-----
From: 	Exchange System Administrator
Sent:	Wednesday, September 19, 2001 8:31 PM
To:	aguiar@usourceonline.com
Subject:	Undeliverable: RFP response

Your message did not reach some or all of the intended recipients.

      Subject:	RFP response
      Sent:	9/19/2001 3:57 PM

The following recipient(s) could not be reached:

      aguiar@usourceonline.com on 9/19/2001 8:57 PM
            The e-mail address could not be found.  Perhaps the recipient moved to a different e-mail organization, or there was a mistake in the address.  Check the address and try again.The MTS-ID of the original message is:c=US;a= ;p=ENRON;l=20010920012902NOTES38130477
            MSEXCH:NAHOU-MSCNX02-LME-NOTES:NA:NAHOU-MSCNX02 Enhanced Mail System Status Code (RFC1893): .4.1


----- Original Message -----
From:?William Hunt
Sent:?Tuesday, May 22, 2001 4:09 PM
To:?J R Dyer; Harriet Connely; ohnesorge robb; Towery(h), Bobby; Robert
Towery; louderduck@aol.com; garrettm@pdq.net; billstclair@msn.com; Herman,
Chris
Subject:?Summer Schedule

Dear Team.
?
We have a crazy summer season.? We have only 6 matches left, and we have 5
byes.? In addition to this everybody must play 2 times in order to be
qualified to advance to the championship round.
?
Please let me know if you can play on these dates.
?
May 27 ??? ??? Bye????????
?
June 3??????????Memorial Park (6:00 p.m.)????
??? ??? ??? ??? ??? Line 1? Lori?Machiorlette??? - Robb Ohnesorge
??? ??? ??? ??? ??? Line 2? Carol St. Clair??????? -?Chris Herman
??? ??? ??? ??? ??? Line 3? Sarah Loudermilk?? - J.R. Dyer
?
June 10??? ??? LLTC (6:00 p.m.)
?????????????????? Line 1?? Carol St. Clair??????? -?Robb Ohnesorge
??? ??? ??? ??? ???Line 2???Sarah Loudermilk?? - J. R. Dyer
??? ??? ??? ??? ???Line 3?? Maureen Garrett??? -? Bill Hunt
?
June 17??? ??? Bye
?
June 24??? ??? Memorial Park?(Beauty and the Beast)
???????????????????Line 1? Lori Machiorlette???? - Rob Ohnesorge
??? ??? ??? ??? ???Line 2? Carol St. Clair??? ???? - Bill St. Clair
???????????????????Line 3? Sarah Loudermilk?? -? J. R. Dyer
?
June 30??? ??? Bye
?
July 1??? ??? ???Home at Rice.? Opponent is Willowfork?
??? ??? ??? ??? ??? Line 1 Lori Machiorlette???? - Robb Ohnesorge
??? ??? ??? ??? ??? Line 2 Sarah Loudermilk??? - J. R. Dyer
??? ??? ??? ??? ??? Line 3 Harriett Connolly?????- Bobby Towery
?
July 8??? ??? ??? Bye
?
July 15??????????Home at Rice.? Opponet is another M.P. team (Harlequins)
??? ??? ??? ??? ??? Line 1 Carol St. Clair??????? - Bill St. Clair????
??? ??? ??? ??? ??? Line 2 Lori Machiorlette??? - Robb Ohnesorge
??? ??? ??? ??? ??? Line 3 Maureen Garrett???? - Bill Hunt
?
July 22???????? Bye
?
July 29???????? LLTC
??? ??? ??? ??? ???Line 1 Lori Machiorlette???? - Robb Ohnesorge
??? ??? ??? ??? ???Line 2 Carol St. Clair???????? - Bill St. Clair
??? ??? ??? ??? ???Line 3?Harriett Connolly???? - Bobby Towery????
?
Playoffs
?
August 8
?
Championship Round (Sectionals)
?
August 24-26??? Kingwood
?
Please let me know if you can not play on any of the above dates including
the Sectionals at Kingwood on August 24 to 26.
?
I wish that everybody could play more, however we only play 6 people each
week.? Also?the lineups?must?be rotated?in order to get 5 girls and 5 guys
qualified.
?
Please let me know?asap if you can?play on your scheduled dates.??
?
Bill Hunt?
????????????????????????
?


That is not right, even if it is A-, we still need credit langauge.  We do
not need credit language if we are putting in a Master Sales Agreement.  I
thought Stacy used the Master Firm Sales contract.

I will send up a credit worksheet for this counterparty.
Russell

Dan J Hyvl
10/10/2000 07:54 AM
To: Russell Diamond/HOU/ECT@ECT
cc:
Subject: Re: new deal!!

We need to do a master purchase sale agreement because we would be buying
back any quantities they obligated themselves to buy but failed to buy.  I
did not know that we still used the single purpose sale agreement or that we
had an approved form for such.  Do I understand you that since they are A-
rated we need no credit language in the master and no triggering events.
Please  confirm!!!!!

	Russell Diamond
	10/10/2000 07:44 AM

		 To: Dan J Hyvl/HOU/ECT@ECT
		 cc:
		 Subject: Re: new deal!!

We are only selling gas to them, the credit is rated A- by S&P, do you need a
Master Firm Purchase Sale Agreement, or just a Master Firm Sale Agreement.
Let me know if you still need a credit worksheet.

Russell

Dan J Hyvl
10/09/2000 01:04 PM
To: Russell Diamond/HOU/ECT@ECT
cc:
Subject: new deal!!

Russell,
 Have you prepared a credit sheet for this?  If not, when?
----- Forwarded by Dan J Hyvl/HOU/ECT on 10/09/2000 01:03 PM -----

	Lee L Papayoti
	10/06/2000 02:04 PM

		 To: Dan J Hyvl/HOU/ECT@ECT
		 cc:
		 Subject: new deal!!

Dan

I need help on "Englehard Corporation" .... just did the one year deal
described herein:

We'll need a new Enfolio and T.A. or C.L. .... Russell Diamond in credit said
OK.

Thanks

Lee


EOL #  630290   EOL#  630277
Seller  Reliant Energy Services  Seller  Reliant Energy Services
Buyer  ENA     Buyer   ENA
Volume  5,000     Volume  5,000
Price  $2.05     Price  2.10
Delivery Pt NGI Socal    Delivery Pt NGI-Socal
Period of Del 4-01-2001 thru 10-31-2001  Period of Del 4-01-2001 thru
10-31-2001

Tana, here is the information on the two EOL trades Phillip Allen transacted
on Tuesday, Nov. 28.
Let me know if you have need any further information.

Dawn
3-9353


There are no new entries for May 9, 2002.  However, the following has now been marked as "Y" for a valid termination:

Welch Foods Inc., A Cooperative		ENA	financial GTC

Stephanie Panus
Enron Wholesale Services
ph:  713.345.3249
fax:  713.646.3490


I owe you lunch. Lets take Bruce so I don't have to pay for it.


Hello, Ryan.  I got your e-mail address from Kevin Dumas.  I want to discuss
with you an issue we have at a tower lease site.  HPL is currently leasing
tower space from REB Communications in Gilmer, Texas.  Our operator, HMS,
discovered this week that the tower was not in compliance with FCC
regulations.  The most critical issue is that the tower lights do not appear
to be functional.  HMS has recommended that HPL remove it's equipment from
the tower and  cancel our FCC license immediately.

I would like to protect the interests of both HPL and AEP, and I would
appreciate your suggestion on what to do with the equipment licence.  I do
not want to do anything to jeopardize the closing of the HPL sale.  Please
call me at 713.853.6250, or e-mail me at cheryl.marshall@enron.com, so we can
discuss this issue.


---------------------- Forwarded by Dave Samuels/HOU/ECT on 03/29/2000 11:21
AM ---------------------------

Lynne Carithers <lynne.carithers@reuters.com> on 03/29/2000 10:11:34 AM
To: dave.Samuels@enron.com, julie.ferrara@enron.com, rahil.jafry@enron.com
cc: stanford.lin@reuters.com, james.garland@reuters.com, Steve Pickett
<stephen.pickett@reuters.com>
Subject: Re: Enron - Confidentiality Agreement Comments

Dave, Julie, Rahil:

Reuters Legal NY has reviewed the Confidentiality Agreement for
enrononline.com
that you submitted to me earlier this week and comments are noted below.

Over to you now, for your legal to review and make appropriate changes as I do
not have the Agreement in an electronic format.

Lynne

From: Stanford Lin on 03/29/2000 11:33 AM EST

To:   Lynne Carithers/DAL/US/Reuters@REUTERS
cc:
Subject:  Enron - Confidentiality Agreement Comments

Lynne:

Here are my comments on the agreement:

1) Change references from Reuters Group plc to Reuters America Inc.

2) Delete last sentence of Section 3 or insert the words "at Protected Party's
expense" after the text "best efforts"

3) Insert the following at the end of the first sentence in Section 4:

,  and that is designated in writing as confidential, proprietary or marked
with
words  of  like  import or, if orally conveyed, Protected Party provides
written
notice  describing  in  reasonable  detail the portion of the oral
communication
that  shall  be deemed Confidential Information and delivers such writing to
you
within 10 days of the oral conveyance.

4) Insert the following at the end of the last sentence in Section 4:

or  (d)  is  developed  by  you independently of any Confidential Information
it
receives from the Protected Party.

5) Insert the following right before the last sentence in Section 6

However, the Protected Party represents and warrants to you that it has the
right to make the disclosures permitted under this Agreement without violating
any applicable law or regulation or any legally enforceable agreement to which
it is a party.

6) In Section 9, replace "Money damages would" with "Money damages may".
Change
both  references  of "Texas" to "New York".  Delete the five sentences
regarding
arbitration.

--Stanford

-----------------------------------------------------------------
        Visit our Internet site at http://www.reuters.com

Any views expressed in this message are those of  the  individual
sender,  except  where  the sender specifically states them to be
the views of Reuters Ltd.


24 Hour Group,

Please read and become familiar with the procedures in the attached Word document.  In addition, we need to attempt to maximize our relationship/agreement with MHEB by moving as many MW as possible as the market relates to the MHEB reference price.

If you have any questions please call JD or me.

Thanks,

Don

 -----Original Message-----
From: 	Kinser, John
Sent:	Tuesday, September 04, 2001 1:29 PM
To:	Baughman Jr., Don
Cc:	May, Tom; Will, Lloyd
Subject:	Manitoba-Hydro Procedures

Don,

Attached is a detailed list of procedures and ideas on MHEB to send to the hourly crew.  With the end of August, lots of power, especially on-peak, is now available that was previously under contract for the summer.  We should have more opportunities to move this power.  They can call me with any questions.  Thanks.

J.D.  x36152


SIVY ON STOCKS from money.com
May 2, 2001

A bounce for the brokers

Stocks such as Goldman Sachs, Merrill Lynch, and Morgan Stanley were up at
least 5 percent on Wednesday -- and appear poised for even bigger gains.

By Michael Sivy

Most of the people I know are bearish on the shares of the company they
work for. Particularly when business conditions are as difficult as they
are right now, employees tend to focus on the short-term problems their
companies are facing and ignore the long-term fundamentals.

Perhaps that's the explanation for why analysts have recently been
downgrading brokerage stocks. They look around their offices and see
depressed profits and layoffs. Merrill Lynch's earnings fell 21 percent in
the first quarter, for instance, as commissions declined 30 percent,
trading revenue fell 15 percent and underwriting revenue dropped more than
6 percent. Things are so bad that Merrill Lynch and other major firms are
planning to slash their head counts -- by attrition in some cases and
outright layoffs in others.

But those short-term problems mask the fundamentals that long-term
investors should be paying attention to. At the most basic level,
brokerages are proxies for the stock market, so if you expect a resumption
of the bull market in the near future -- as I do -- you have to like the
sector.

And the fundamentals figure to keep improving. The economy should receive
an enormous boost over the next nine months from the Federal Reserve's
recent interest-rate cuts. And a large tax cut will encourage consumer
demand. Plus, concessions to Congressional Democrats that allow for higher
government spending will add further stimulus. Finally, potential Social
Security reform that permits some form of privatization would be a direct
benefit to financial-services firms.

The stock market has already recognized what the brokerages' own analysts
haven't. Stocks of the leading brokerages were up 5 percent on Wednesday,
and many have rallied at least 25 percent from their 52-week lows.

Still, these shares are hardly overvalued. Even after Wednesday's rally,
the stocks are anywhere from 15 to 35 percent below their highs of the past
seven months. Moreover, they still trade at less than 18 times estimated
earnings for the current year. That isn't much given their projected
long-term earnings growth of 13 percent or more.

Among the leaders in the group, Goldman Sachs [GS], with a 13 percent
growth rate, closed Wednesday at $98 a share for a 17 P/E; Merrill Lynch
[MER], 13 percent growth, traded at $67 for a 17.5 P/E; and Morgan Stanley
Dean Witter [MWD}, 14 percent, closed at $66.50 for a 16 P/E.

Investors might also want to consider A.G. Edwards [AGE] as an undervalued
takeover play. The leading independent brokerage based outside of New York,
A.G. Edwards of St. Louis trades at $43 for a P/E of less than 14. The
trend toward financial services behemoths threatens to chip away at
Edwards' market share. But industry consolidation could also make Edwards a
takeover target, not only for major brokerages but also for the big banks.
Whether the stock is taken over or not, it's cheap based on fundamentals --
especially since it got up to nearly $58 a share when takeover rumors
heated up last summer.

###

Post your comments on Michael's column at:
http://www.money.com/depts/investing/sivy/index.html

To subscribe or unsubscribe to Sivy on Stocks, go to:
http://www.money.com/email/

-----------------------------------------------------------
MARKETPLACE
-----------------------------------------------------------
CONTACT THE BIGGEST COMPANIES IN THE WORLD!
Over 5,000 contact names in the OFFICIAL FORTUNE Databases.
DOWNLOAD THEM NOW!
http://www.fortune.com/datastore/?mn1

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

Special Internet Offer!!!

Sign up for a RISK-FREE issue of MONEY MAGAZINE at
http://www.money.com/subscribe2

Or if you prefer call our toll-free number 1-800-544-4594

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

We may, from time to time, contact you with offers for Time Inc.
products and services which we think may be of interest to you.
If you would prefer us not to contact you in this manner, AND
YOU DID NOT INDICATE THIS PREFERENCE AT THE TIME YOU SIGNED UP
for the Sivy on Stocks online newsletter or any other Time Inc.
online newsletters, please let us know by sending us an e-mail
at <no_solicit@money.com>.

Additionally, from time to time we may provide your e-mail
address to carefully chosen companies whose offers we think may
be of interest to you.  If you would prefer us not use your
e-mail address in this manner, AND YOU DID NOT INDICATE
THIS PREFERENCE AT THE TIME YOU SIGNED UP for the Sivy on Stocks online
newsletter or any other Time Inc. online newsletter, please let
us know by e-mailing us at <no_transfer@money.com>.


Sara,

Salt River Project has attached their Schedule to the Master and their Credit
support Annex to this email.  I know we have sent them our docs in the past
so I don't know where this will take us.  It doesn't look like they have
entered the pertinent credit information into the annex.  Are they expecting
us to do this?  Please let me know what you think.  The guy that sent this to
me is Mark Russell and his email address is below.

Thanks,

Kim

---------------------- Forwarded by Kim Ward/HOU/ECT on 04/05/2001 06:53 PM
---------------------------

marussel@srpnet.com on 04/05/2001 03:28:19 PM
To: <Kim.Ward@enron.com>
cc: <marussel@srpnet.com>
Subject: RE: FW: Master purchase/sale agreement

I have attached our standard CSA and Schedule.  Thanks.

-----Original Message-----
From: Kim.Ward@enron.com [mailto:Kim.Ward@enron.com]
Sent: Thursday, April 05, 2001 9:13 AM
To: marussel@srpnet.com
Subject: Re: FW: Master purchase/sale agreement

Mark,

The best person to talk to about the ISDA is me.  I discussed an ISDA with
Tim Roberts when I was in the Salt River offices on March 23rd.  A draft
ISDA was sent to Bill Abraham on November 17, 1999.  I requested for a new
legal review on 3/28/01.  Let me know if you need a new draft and I can
send you or Tim a copy.  My number is 713-853-0685.

Thanks for your inquiry -

Kim Ward

marussel@srpnet.com on 04/05/2001 08:20:15 AM

To:   <Kim.Ward@enron.com>
cc:   <marussel@srpnet.com>
Subject:  FW: Master purchase/sale agreement

I have been trying to get an ISDA going with Enron for several months. Who
is the best contact to call?

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

 - 01101.sample credit annex isda.doc
 - 011101.sample isda schedule.doc


This will need to be signed by ABB today.  I would guess 3 originals.

Ben, I suggest we let Kathleen coordinate the assembly of the docs to be
signed.

Kay


Listed are the last Technical Training classes offered for the 2001 calendar
year:

October 9 & 10 - Fundamentals of Electricity
October 11 & 12 - Basics of Risk Management
November 6 & 7 - Natural Gas, Wellhead to Burnertip
November 8 & 9 - Nominations thru Allocations

All classes are being held at Koch Industries, 20 E. Greenway Plaza,
Houston, TX.

Please visit our website at http://www.nesanet.org/ (Educational Programs)
for a description of the classes, prices and registration forms.  Or you can
call me at (713) 856-6525 and I will be happy to fax the information to you.

Have a great day!!

Lana Moore
Director of Education
NESA/HEA
P (713) 856-6525
F (713) 856-6199


Nav,

Opened my Ivey Alumninet package after about a year in my in box and thought
I would try it out. If this gets to you w/b.

Chris Dorland


Cara,

	Dont worry about the code for Ive taken the time to go through it and make it so that when you export from within our PreschedWS all it needs is a pre-existing  PhysicalAndBookoutSummary_v2_54_WESTTestP.xls file with at least one previous detail entry and it will automatically create a new entry for the day with totals in each region's category. Do our best to make life easier ;>

regards
Asem
x31700

 -----Original Message-----
From: 	Semperger, Cara
Sent:	Tuesday, August 14, 2001 10:13 AM
To:	Atta, Asem
Subject:	RE: Further Testing of PSW

Asem,

I could copy the sheet onto my local drive, but I have no idea about the code behind it and what I might have to do to it in order to make it work.

C

 -----Original Message-----
From: 	Atta, Asem
Sent:	Tuesday, August 14, 2001 7:45 AM
To:	Semperger, Cara
Cc:	Smith, Will; Venkataswami, Vishwanatha
Subject:	RE: Further Testing of PSW

Cara,

	Understood, and your plan sounds fine.. any chance of you copying that production sheet onto your local machine and using it as your own 'test' copy then?
	The plan for having the reports merged with AggSchedVol data, talking with the team and Poston for info gathering, is a month after full initial release of our current phase.

thanks
Asem
x31700

 -----Original Message-----
From: 	Semperger, Cara
Sent:	Monday, August 13, 2001 03:49 PM
To:	Atta, Asem
Subject:	RE: Further Testing of PSW

What I meant was I would run one day and put test data in the production sheet (since there is not a test sheet of that), and then go get rid of that day when it looks like it calculated right.

I know so little about that sheet, I am a typical user and just know what I want.  How long after the initial release into production do you all think It will be until we get the project cleared to have this data merged with the AggSchedVol Data? That is the ultimate goal.  Poston has his FSP data that will be part of this too.

 -----Original Message-----
From: 	Atta, Asem
Sent:	Monday, August 13, 2001 1:44 PM
To:	Semperger, Cara
Subject:	RE: Further Testing of PSW

Cara,

	Not a prob, the application wont look at the prod summary file unless you log in against PWRPRODN, so if you are logging against the test db's yer safe.. and for the summary to work it does require at least one previous summary detail in that excel file to work.. it uses that excel's defined macros and such to calculate the totals.. so doing a complete purge wouldnt do good.. do let me know if you have any questions about this.. be more than happy to help.
regards
Asem
x31700

 -----Original Message-----
From: 	Semperger, Cara
Sent:	Monday, August 13, 2001 03:24 PM
To:	Atta, Asem
Subject:	RE: Further Testing of PSW

Hi Asem;

O:\Portland\WestDesk\SCHEDULING\PhysicalAndBookoutSummary_v2_54_WESTPROD.xls
This is the right address.  I am reluctant to add data to the production model, as it will mess up my reports.  I might rename a test file with a strange date, and then purge it.

That should work, eh?

Thanks,

C
 -----Original Message-----
From: 	Atta, Asem
Sent:	Monday, August 13, 2001 1:20 PM
To:	Semperger, Cara
Cc:	Venkataswami, Vishwanatha; Smith, Will
Subject:	RE: Further Testing of PSW

Cara,

	Reason for the error is that the file it was looking for was titled PhysicalAndBookoutSummary_v2_54_WESTTestP.xls . Ive gone ahead and made changes to the application to read the file named as such. Since we're talking about locations of these summary files.. is the production report located at O:\Portland\WestDesk\SCHEDULING\PhysicalAndBookoutSummary_v2_54_WESTPROD.xls ? unfortunately i dont have access to the directories to find out for myself.

thanks
Asem
x31700
 -----Original Message-----
From: 	Venkataswami, Vishwanatha
Sent:	Monday, August 13, 2001 03:09 PM
To:	Atta, Asem
Subject:	FW: Further Testing of PSW

 -----Original Message-----
From: 	Semperger, Cara
Sent:	Monday, August 13, 2001 03:08 PM
To:	Bentley, Corry; Poston, David; Smith, Will; Venkataswami, Vishwanatha
Subject:	Further Testing of PSW

Good Afternoon,

I tried to run the Physical and Bookout summary, and got this error

"Unable to locate M:\Electric\Schedule\Process\WEST\Stage\PhysicalAndBookoutSummary_v2_54_WESTTest.xls"

c


TKirchman@nyiso.com writes to the NYISO_TECH_EXCHANGE Discussion List:

The NYISO is reserving the following hours in the November 18, 2001
Real-Time Market per ECA 20010908B to verify prices:

HQ:  5:00, 7:00
NE:  5:00, 7:00
OH:  5:00, 7:00
PJM: 1:00, 5:00, 7:00

Prices in the November 19, 2001 Day-Ahead Market are correct.

This e-mail information is a copy of the official posting which can be
found at the following address of our website:
http://mis.nyiso.com/public/htm/OperMessages/CurrentOperMessages.htm#mm


Andrea,

At this time, I plan to extend my rotation indefinitely.

Thanks,

Eric Bass

	Enron North America Corp.

	From:  Andrea Richards @ ENRON                           03/06/2001 04:59 PM

To: Eric Bass/HOU/ECT@ECT
cc:
Subject: Associate Rotation

Eric, will you be rotating at this time?
---------------------- Forwarded by Andrea Richards/NA/Enron on 03/06/2001
05:01 PM ---------------------------

	From:  Andrea Richards                           01/04/2001 10:43 AM

To: Eric Bass/HOU/ECT@ECT
cc:

Subject: Associate Rotation

Our records indicate that you will be up for rotation soon.  In order to
secure your next rotation and to ensure a good fit, please choose one of the
following options:

Please forward me an updated copy of your resume along with your business
unit and function preferences.  Once we receive this, we will begin sending
your resume out to those business units with open positions and the managers
will then contact you directly if they are interested.
Please contact my assistant Jessie Patterson at x3-0927 to schedule a meeting
with me.  We can discuss your business unit and function preferences at that
time as well as any other concerns.
If you plan to extend your current rotation, please let me know the date the
rotation will end.
If you have already started another rotation, please complete the following
information and send back so that we may update the database.

 ROTATION:
Business Unit and Group:
Effective Date:
Location:
Extension:
Email Address:
Reviewing Supervisor:
Supervisor's Location:
Supervisor's Extension:
Supervisor's Assistant:
Assistant's Location:
Assistant's Extension:
Co #:
RC #:
RC Owner:

Thanks!
Andrea Richards
Associate & Analyst Program
Career Development
x3-6499


----- Forwarded by Rob Walls/NA/Enron on 12/05/2000 10:20 AM -----

	Sheila Walton@ECT
	12/04/2000 09:11 PM

		 To: Rob Walls/NA/Enron@Enron
		 cc:
		 Subject:

Please review and let me know if we need to make changes, deletions or
additions.  Please print each of these documents so you can review an actual
copy.

Thanks.

Sheila


tab one is for 2001 tab two is 2002.  Let me know if there is something else.

 -----Original Message-----
From: 	Botello, Mary
Sent:	Tuesday, November 27, 2001 2:45 PM
To:	Geaccone, Tracy
Subject:	Cap file for TW


-----Original Message-----
From: 	Stepenovitch, Joe
Sent:	Wednesday, October 17, 2001 1:47 PM
To:	Schneider, Bryce
Subject:	FW:

 -----Original Message-----
From: 	Stalford, Robert
Sent:	Wednesday, October 17, 2001 11:04 AM
To:	Stepenovitch, Joe
Subject:

http://www.gotlaughs.com/funpages/bin2.cfm