Enron Shares Fall on Concern Over CFO's Partnerships (Update4)
Bloomberg, 10/19/01

USA: UPDATE 1-Enron stock sustains further heavy losses.
Reuters English News Service, 10/19/01
Enron Corp. Cut to `Hold' at A.G. Edwards
Bloomberg, 10/19/01

BANDWIDTH BEAT: Enron Broadband Unit Takes A Beating
Dow Jones Energy Service, 10/19/01
Dynegy Chief: Bandwidth Growth Won't Wait For Trading
Dow Jones Energy Service, 10/19/01
UK: Jobs in base metals down but definitely not out.
Reuters English News Service, 10/19/01
New Power Hldg Sees Meeting 3Q Loss Estimate
Dow Jones News Service, 10/19/01

Enron Shares Fall on Concern Over CFO's Partnerships (Update4)
2001-10-19 16:24 (New York)

Enron Shares Fall on Concern Over CFO's Partnerships (Update4)

     (Updates with Chief Financial Officer Fastow didn't
immediately return a call for comment in fifth paragraph.)

     Houston, Oct. 19 (Bloomberg) -- Enron Corp.'s shares have
fallen 26 percent in the past three days on concern the biggest
energy trader's dealings with partnerships run by its chief
financial officer contributed to investment losses.

     Enron's stock dropped 10 percent today. Enron's board cost
the company at least $35 million by allowing Chief Financial
Officer Andrew Fastow to manage LJM Cayman and LJM2 Co-Investment,
partnerships that bought Enron assets, a shareholder alleged
Wednesday in a lawsuit.

     The lawsuit came the day after Enron reported $1.01 billion
in third-quarter losses from failed investments. The Wall Street
Journal reported $35 million of the losses were connected with the
two limited partnerships. Enron also reduced shareholders' equity
by $1.2 billion when it bought back 55 million shares from the
partnerships, the paper reported yesterday.

     ``It looks sleazy,'' said Roger Hamilton, a manager at John
Hancock's Value funds, which own 600,000 shares. ``If you are
someone who invests in a company's management, it's almost time to
punt with Enron.''

     Enron spokeswoman Karen Denne didn't return calls or written
requests seeking comment. Fastow didn't immediately return a
telephone call for comment.

     Fastow and a handful of associates made more than $7 million
last year in management fees and about $4 million in capital
increases on an investment of about $3 million in one of the
partnerships, the Journal reported today.

                        Buying Enron Assets

     Fastow is involved in 17 other similar companies and
partnerships that appear to have ties to Houston-based Enron,
based on filings with the Texas secretary of state.

     The foreign business corporations and limited liability
companies have directors, officers or managers whose address is
listed as 1400 Smith Street in Houston, Enron's corporate address,
according to Texas records.

     Fastow is listed as a director, officer or managing member in
each one. At least one of the companies bought and sold Enron
assets, including foreign power plants.

     Whitewing Management, which lists Fastow as its managing
member, received $807 million from the sale of Enron debt last
year.

    Under the terms of the debt sale, Whitewing is allowed to use
the proceeds to buy power plants from Enron or make other
``permitted investments.'' Whitewing has bought 14 Enron plants or
companies since 1999 and sold four.

     Enron's Denne has not responded to written requests about
Fastow's role at Whitewing or whether he used his knowledge of the
value of Enron assets to benefit outside investors or company
executives at Enron's expense.

     Shares of Enron fell $2.95 to $26.05. They have fallen
69 percent this year.

--Russell Hubbard in the Princeton newsroom, 609-750-4651 or
rhubbard2@bloomberg.net, and Jim Kennett in Houston,
(713) 353-4871 or jkennett@bloomberg.net/pjm/alp/pjm

USA: UPDATE 1-Enron stock sustains further heavy losses.

10/19/2001
Reuters English News Service
(C) Reuters Limited 2001.

(New first paragraph, adds additional analyst comment)
By Andrew Kelly
HOUSTON, Oct 19 (Reuters) - Enron Corp. stock sustained further heavy losses on Friday as investor confidence in the former Wall Street favorite was rocked by reports about the company's relationship with a limited partnership that was run until recently by Enron's chief financial officer.
The energy giant's stock closed down $2.95 or 10.2 percent at $26.05 per share, making a cumulative loss of 27 percent for a week in which Enron reported a third-quarter loss of $638 million, its first quarterly loss in over four years.
Analysts said confidence was shaken by several articles in the Wall Street Journal this week alleging possible conflicts of interest on the part of Chief Financial Officer Andrew Fastow, who until recently ran a limited partnership that bought assets worth hundreds of millions of dollars from Enron.
"I don't think this thing passes the smell test," said one analyst who spoke on condition of anonymity. "I think the CFO should be out of there right now. In the interest of the stockholders, that CFO should be gone," he said.
Enron has rejected the suggestion that there was anything improper about the arrangements, but Fastow severed his ties with the LJM2 partnership earlier this year to allay concerns raised by investors and analysts about his dual responsibilities.
POOR JUDGMENT?
Analysts said that at the very least, the arrangement showed poor judgment by senior managers at Enron, which recently pledged to be more open with investors and analysts following a series of high-profile stumbles that culminated with the shock resignation of new chief executive officer Jeff Skilling in August.
"For a company that had a lot of question marks around it already, these questions about financial dealings are really worrisome for investors," said Commerzbank Securities analyst Andre Meade. "It points to poor decision-making on behalf of the board and top management at Enron," he said.
Enron, North America's biggest buyer and seller of natural gas and electricity, was one of Wall Street's high flyers last year, when its stock posted a gain of 87 percent.
The stock's ascent was driven by enthusiasm for the company's plans to build a broadband telecommunications business and the success of its EnronOnline Internet energy trading platform.
This year Enron's shares have fallen 69 percent as sentiment toward broadband and the Internet soured, Skilling resigned after only six months as CEO, and the company's Dabhol power plant project in India became mired in a payments dispute.
Moody's Investors Service said earlier this week that it had placed all of Enron's long-term debt obligations on review for a possible downgrade after Enron took $1.01 billion in write-downs and charges that substantially reduced valuations for several non-core businesses, including broadband and water services.
Some of Enron's financing arrangements require the company to maintain investment grade credit ratings.
Analysts said Enron's credibility has been severely damaged and the recent reports about the LJM2 partnership had raised concerns that more unpleasant surprises may lie ahead.
"What don't we know that went on at that company? Where's the credibility?" asked one frustrated analyst. "We don't know if it's limited to this," he said.

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

Enron Corp. Cut to `Hold' at A.G. Edwards
2001-10-19 16:27 (New York)

     Princeton, New Jersey, Oct. 19 (Bloomberg Data) -- Enron Corp. (ENE US)
was downgraded to ``hold'' from ``buy'' by analyst Michael C Heim at A.G.
Edwards & Sons Inc.

BANDWIDTH BEAT: Enron Broadband Unit Takes A Beating
By Michael Rieke

10/19/2001
Dow Jones Energy Service
(Copyright (c) 2001, Dow Jones & Company, Inc.)

A Dow Jones Newswires Column

HOUSTON -(Dow Jones)- Early last year, Enron Corp.'s (ENE) hype and skyrocketing share price enticed a number of other energy companies into the telecommunications business.
Now investors are wondering whether Enron is leading the charge out of telecom.
The company announced Oct. 16 that its broadband unit lost $80 million before interest and taxes in the third quarter on revenue of $4 million. In the third quarter of last year, the unit lost $20 million on revenue of $162 million.
Enron also recorded a $180 million non-recurring charge for restructuring its broadband unit in the third quarter of this year. That amount included severance costs for cutting 400-500 jobs, loss on sale of inventory and the reduced value of Enron's content services.
At an analysts meeting Oct. 16, Enron Chairman and Chief Executive Ken Lay said the broadband business is "not that robust" right now. Industry revenue is low and there's substantial overcapacity in the bandwidth market, "more than even we anticipated," Lay said.
The company still has a problem finding creditworthy counterparties for bandwidth trading. Consolidation in the telecom sector has also eliminated potential trading partners.
"A year ago it looked like an excellent business to get into," he said. "Others thought so, too."
Looking back, Enron could have gotten into the broadband business with less capital, Lay said. It spent "too much too soon."
An Ominous Comparison

He compared Enron's move into telecom with its move into the water business with its Azurix unit. That comparison probably won't be good news to those who still have broadband jobs at Enron.
Azurix caused Enron to take a bigger writedown - $287 million - than broadband in the third quarter. The water business has been a bigger and longer-lasting headache than broadband.
Maybe Enron's surviving broadband employees will feel better knowing that Lay told analysts the company is exploring alternatives to preserve its play in telecom at a reasonable price so it will be ready when the business recovers.
It's trying to reduce general and administrative costs in broadband to $40 million a quarter and is on track to reach that goal next year, he said. It could cut those costs even more in order to sustain the business.
Meanwhile, the company is trying to determine which parts of the telecom business it wants to be in, he said.
Enron President and Chief Operating Officer Greg Whalley told analysts the company needs to determine how much network and hardware it needs.
At one time, they had thought that they wanted to use physical network assets as a springboard, Whalley said. Now they "wouldn't want to forever be in the network business."
Both executives mentioned the possibility of joint ventures in telecom. Lay said other companies are asking Enron to do them. Whalley said the company has talked about exchanging fiber and other assets.
The one part of the telecom business Enron still seems committed to is broadband intermediation. "Intermediation" is a term the company uses in most of its commodity businesses, said an Enron spokeswoman. It's a combination of trading and deal origination - wholesale and enterprise customers.
More Bad News Expected

Rebecca Followill, a research analyst for Howard, Weil, Labouisse, Friedrichs Inc., she had expected a larger writedown in broadband for the third quarter.
"If you look at how much the stocks of their peers in broadband have fallen, you've got to figure that their assets' values have fallen similarly," Followill told Bandwidth Beat. "I was expecting more like an 80% writedown in broadband."
Another analyst, who didn't want to be identified, said he also expects more broadband writedowns from Enron. "To the extent that they can take more writedowns, I think it would make eminently good sense to do it."
He predicted "a $200 million haircut" in the first quarter of next year because of a goodwill valuation issue.
And that might not be the end of it. Enron had a net of $948 million of broadband property, plant and equipment at the end of last year, he said. They had another $600 million of risk management asset receivables, inventories and working capital items.
Followill doesn't see much future in broadband for Enron.
"I think the business will shrink to the point where it won't be shown as a key sector in their reporting," she said.
Enron might keep a small broadband group in case the market rebounds, she said. Her investor clients don't expect broadband to contribute to Enron's earnings within the next three years.
She thinks Enron is looking for an exit strategy.
The other analyst said Enron is trying to preserve some value in broadband. "It doesn't look like there's any right now, to be honest," he said. "They'll carry the trading operation to some degree."
-By Michael Rieke, Dow Jones Newswires; 713-547-9207; michael.rieke@dowjones.com

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

Dynegy Chief: Bandwidth Growth Won't Wait For Trading
By Erwin Seba
Of DOW JONES NEWSWIRES

10/19/2001
Dow Jones Energy Service
(Copyright (c) 2001, Dow Jones & Company, Inc.)

HOUSTON -(Dow Jones)- Dynegy Inc. (DYN) Chairman and Chief Executive Chuck Watson understands why some think he is mistaken in believing the bandwidth sector has reached its bottom and is recovering.
But those critics don't understand his bandwidth business, Watson told Dow Jones Newswires in an exclusive interview. They don't understand how the business world has changed since the Sept. 11 terrorist attacks, he said.
In announcing third-quarter results for Dynegy Monday, Watson said the bottom in bandwidth demand was reached on Sept. 11 and that the market would begin recovery in the fourth quarter of this year.
Businesses are reassessing where to store data and how to distribute operations to avoid losing everything in a sudden catastrophic event, be it of natural or human origin. That's what's driving the recovery, he said.
Also, businesses will avoid travel, he said, relying instead on video conferencing.
Enron Corp. (ENE) Chairman Kenneth Lay said Tuesday that he hasn't seen any signs of recovery in telecom. The bandwidth market is suffering, in part, because there are few creditworthy companies to trade with, he said.
"They're trying to find trading partners for broadband," Watson said. "That's going to be tough to do." Dynegy isn't concentrating on bandwidth trading because there isn't "a realistic model" for it yet, he said. "I said two years ago it was at least two years away. I still think it's probably at least two years away, before we actually call it a trading commodity."
The metro-area infrastructure that Dynegy and other companies are building will create connections between networks, which are needed in order to trade bandwidth as a commodity, Watson said.
It's unfortunate that Enron's model for bandwidth as a traded commodity is the dominant image for the entire market, Watson said. Dynegy's model includes telecom contracts, negotiated directly with customers for long-term supply of bandwidth.
Dynegy's bandwidth trading desk is staffed by four people. For the past several months, they have been buying bandwidth for Dynegy's customers. The goal has been to build a customer base. "We're looking at being an intermediary, and really looking at the same customers that we feed energy today."
Since Dynegy lit its 16,000 route-mile network two weeks ago, the trading desk has been trying to fill the company's network instead of buying bandwidth from others. "I'm trying to find enterprises that have communication requirements," Watson said.
He pointed to ChevronTexaco Corp. (CHX) as a target for those services. "They have offices that never talked to each before," he said. "Now they've got to talk to each other. I would say that the credit quality of Chevron and Texaco is pretty reasonable."
ChevronTexaco owns about 26% of Dynegy, said a Dynegy spokesman. Dynegy and ChevronTexaco already have a large energy trading relationship which includes natural gas and gas liquids.
The average burn rate of Dynegy Global Communications, the corporation's telecommunications unit, is $20 million to $25 million a quarter, Watson said. In the third quarter, it lost $15 million, down from $20 million in the second quarter.
Dynegy predicts that Global Communications will break even or record a small loss before interest and taxes in the fourth quarter.
"If we can get to (income of) $10 million per month - that's what we need really," he said. "If we can get there by the end of next year, I'll be very happy. I think by '03, this market will have righted itself."
Watson believes telecommunications has the potential to transform Dynegy.
"Dynegy is an energy company," he said. "Our energy merchant company is doing very well and business is growing like a weed...(Telecommunications) is not our core business by any stretch right now. But I'd love to be able to tell you it's going to be. I'd love to be able to tell you it is someday."
-By Erwin Seba, Dow Jones Newswires; 713-547-9214; erwin.seba@dowjones.com

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

UK: Jobs in base metals down but definitely not out.
By Amanda Cooper

10/19/2001
Reuters English News Service
(C) Reuters Limited 2001.

LONDON, Oct 18 (Reuters) - Dismal industrial demand and the fickleness of hedge funds seduced by more volatile markets have slashed London Metal Exchange members' profits over the past year and set off a gathering wave of job cuts.
The decline and fall of base metal prices in the past year and a half has prompted a series of high-profile companies to withdraw from the market, casting a pall over next week's yearly LME Week industry gathering in London.
Jobs have gone from front office to back in trading houses and banks, raising questions about the prospects for those now seeking work.
"Good people can always be placed. As long as there is a job to fill and the company has a budget to hire," Sarah Gilley of London-based recruitment group Exchange Consulting said.
"Where the situation starts to get difficult is where everyone is cutting budgets, people are not being replaced when they leave and there have been an awful lot of redundancies."
Last week, ScotiaMocatta, a subsidiary of the Bank of Nova Scotia and a key ring dealing member, unveiled its decision to give up open outcry trading on the LME floor, prompting around 25 job losses among traders, phone jockeys and clerks.
Then blue-blooded banker N.M. Rothschild & Sons closed its London and New York base metals units. It left its core precious metals business intact, but 20 base metals staff were laid off in the process.
In the same week, the LME's largest floor trader, Enron Metals, said it planned to cut 10 to 20 percent of its metals staff as part of an exercise to cut 250 to 500 jobs in the Enron Group .
SECURITY
With three big market players and several major banks with commodities divisions slashing jobs at the same time, competition in the labour market will intensify and those in work are becoming wary about job security.
"What we're finding at the moment is that there is still demand for traders with a track record, which is possibly increasing because people are nervous about their jobs and so they're keen to stay put," Gilley said.
"So whereas someone who might be a big money-spinner with a track record would have previously stayed in their job for two to three years, they are now staying for three to five years.
"They probably feel that they're reasonably safe where they are, they're well recognised and not going to stick their necks out," she said.
BONUS FEARS
October has never traditionally been a strong month for the the jobs market in base metals as players are often distracted by LME week functions and conferences
Also, traders tend to be looking towards their annual performance-linked bonuses, which are usually announced at the end of the year.
"Those who are in work at the moment are sticking. Often at this time of year, people are hanging on for their bonuses. But I don't think any of them are anticipating good bonuses. They're probably just happy to have a job," Sian Griffiths of Exchange Consulting said.
LME volumes traded have been fallen over the past 18 months as the powerful hedge funds that once took a shine to the metals swarmed into areas such as hi-tech and telecomms stocks.
Metals traders who handled the large volume of fund activity have begun to focus again on moree traditional clients, and this may yet prove a boon for the jobs market.
Companies are seeking to fill a shortage of staff schooled in the traditional practices of trading physical metal.
"A lot of companies who had sidelined the traditional physical business are now re-aligning their focus and need poeple who understand the physical market and know how to set up a hedge and manage it, " Gilley said.
"The other area where demand has markedly increased in comparison to a few years ago is marketing," she added.
As for morale in the industry, individuals' confidence in their future is seemingly undimmed.
"Just because I've lost my job doesn't mean I'm going to sell my Porsche," one trader said.

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

New Power Hldg Sees Meeting 3Q Loss Estimate

10/19/2001
Dow Jones News Service
(Copyright (c) 2001, Dow Jones & Company, Inc.)

PURCHASE, N.Y. -(Dow Jones)- New Power Holding Inc. (NPW) expects to meet its prior third quarter loss estimates; and said it has revised an agreement with Enron Corp. (ENE), lowering the collateral New Power must post under a master netting agreement.
In a press release Friday, New Power said the amendment to the Enron pact and cost-cutting efforts will allow the company to continue to conduct business until it secures ongoing asset-backed financing.
The company reiterated its earlier expectations of a third quarter loss of $65 million to $70 million, or $1.12 to $1.20 a share.
Analysts put the company's third quarter loss at $1.16 a share, according to Thomson Financial/First Call.
Third quarter revenue will be "slightly lower" than the $60 million to $65 million forecast in August, New Power said.

In the year-ago third quarter New Power lost $1.23 a share on revenue of $18.19 million.
The amendment to the master netting agreement with Enron North America Corp., Enron Energy Services Inc. and Enron Power Marketing Inc. affects the master cross-product netting, setoff, and security agreement, and expands through Jan. 4 the types of collateral that New Power is permitted to post to the Enron units.
Under the amended pact, the first $70 million of posted collateral must be in the form of cash, while amounts in excess of $70 million may consist of not more than $40 million of eligible receivables and inventory of New Power, valued at discounts specified in the amendment, and subject to a $25 million limit for October 2001.
Shares of New Power traded recently on the New York Stock Exchange at $1.67, up 1 cent, or 0.6%, on early composite volume of 7,900 shares. Average daily volume is 223,800 shares.
-Bill Platt; Dow Jones Newswires; 201-938-5400

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


Please see revised....

 -----Original Message-----
From: 	Denne, Karen
Sent:	Thursday, October 25, 2001 12:32 PM
To:	Lay, Kenneth; Frevert, Mark; Whalley, Greg; McMahon, Jeffrey; Koenig, Mark; Derrick Jr., James; Rogers, Rex; Causey, Richard; Glisan, Ben; Despain, Tim; Kitchen, Louise; Lavorato, John
Cc:	Fleming, Rosalee; Daw, Nicki; Taylor, Liz; Ford, Sue; Westbrook, Sharron; Kean, Steven J.; Palmer, Mark A. (PR); Denne, Karen; Meyer, Vance; Philipp, Meredith; Hiltabrand, Leslie
Subject:	NEW PRESS RELEASE DRAFT -- NEED APPROVAL
Importance:	High
Sensitivity:	Confidential

Please review the revised attached press release, which we would like to send out as soon as possible.  Please call Steve Kean, Mark Palmer or me with your comments.

Thank you.
Karen
x39757

 -   JMstrong21.doc


In case you hadn't heard, the RTO West and TransConnect filings are on
the FERC agenda for Wednesday, April 25.

Don


I need to provide the NCPUC a copy of the incorporation documents as soon as
I can. How long will it take?

Kay

Matt Maxwell on 09/20/2000 01:38:33 PM
To: Kay Mann/Corp/Enron@Enron
cc:

Subject: Re: Edgecombe LLC

I have requested for CT Corp. the best route to correct the spelling of
Edgecombe.  I believe we file a Cert of Correction.  CT Corp will confirm
this afternoon.

The only other documents I have in my file which will need to be replaced are
the LLC agmt and the officer election consent.

I will proceed expeditously and let you know when complete.

Matt A. Maxwell
Enron North America Corp.
Legal Specialist
EB3875a
Ext. 3-6265
Fax 646-3490
Assistant:  Linda Noske
Ext. 3-6082

	Kay Mann
	09/19/2000 12:09 PM

		 To: Matt Maxwell/Corp/Enron@ENRON
		 cc:
		 Subject: Edgecombe LLC

Hi Matt,

We have an LLC which should  be signing a contract soon.  I believe the name
as filed was Edgecomb Development, but it should be Edgecombe Development,
LLC, named for the county in which the power plant will be built.  Can you
take care of getting this changed officially?

This may sound silly, but our customer looked up the official records and
pointed this out, so we need to fix it. Also, we have told the State that the
name is Edgecombe.

Many thanks,

Kay


Chris, do u want me 2 change the dpl tkt?

---------------------- Forwarded by Joe A Casas/HOU/ECT on 03/21/2000 04:15
PM ---------------------------

knovsek@columbiaenergygroup.com on 03/21/2000 03:29:00 PM
To: " - *jcasas2@enron.com" <jcasas2@enron.com>, " -
*Steve.Gillespie@enron.com" <Steve.Gillespie@enron.com>
cc: " - *Stiles, Marianne" <mstiles@columbiaenergygroup.com>
Subject: DPL OFO ISSUED

DPL has issued an OFO for Thursday the 23rd and Friday the 24th.  I will need
to adjust my volumes as follows:

23rd - cut volume of 1203 to 883 dth on TGT K# 6057

24th - cut volume of 1203 to 823 dth on TGT K# 6057

Effective the 25th - 31st, please keep my volumes at 1203 dth per day.

DPL may revise the OFO - in the event of a revision, Marianne Stiles is aware
of the changes that need to be made.  I will be out of the office Wed.
afternoon and all day Friday.


Steve:

Information on the Financial Sector's ISAC.  Key question is will we qualify
for membership - see para 3.
If we qualify as a "designated financial services exchange and finance sector
utilities" this ISAC will work for us.
If not, I recommend we join the Oil & Natural gas ISAC.  I will forward
information on NERC's process shortly - Pete

 Frequently Asked Questions

 WHO OWNS THE FS/ISAC?
 The FS/ISAC and the data in the FS/ISAC is owned by the members through the
FS/ISAC, LLC
 (Limited Liability Corporation) created to manage the ISAC process for
Financial Services. The
 FS/ISAC is operated by Global Integrity Corporation, a wholly owned
subsidiary of SAIC.

 WHO ARE GLOBAL INTEGRITY AND SAIC? (Global Integrity is now owned by
Predictive SYstems Inc.)
 Global Integrity is an information security service provider to commercial
clients around the world. It
 provides a full complement of information protection, electronic commerce
security, consulting, and
 engineering services worldwide. Global Integrity Corporation is a wholly
owned subsidiary of SAIC
 (Science Application International Corporation), the largest employee owned
research and engineering
 company in the US. Since 1969, SAIC scientist and engineers have worked to
solve complex technical
 problems in the healthcare, telecommunications, national security, financial
services, transportation,
 energy, and the environment. With annual revenues approaching $5 billion,
SAIC and its subsidiaries
 have more than 38,000 employees in 150 cities worldwide.

 WHAT ARE THE MEMBERSHIP REQUIREMENTS?
 Membership is open to the following categories of US entities registered,
and in good standing, with
 their appropriate regulators:

      FDIC Insured Bank
      NASD Licensed investment firm
      Designated Financial Services exchanges and finance sector utilities
      Specialized US or State licensed banking companies
      US or State Licensed Insurance companies

Membership will be granted to an applicant only after third-party
verification is completed by the
 FS/ISAC, LLC.

 WHO HAVE ACCESS TO THE FS/ISAC?
 Financial Services companies who become members of the FS/ISAC, LLC.

 WHO ARE THE CURRENT MEMBERS?
 Anonymity of members is key to obtaining industry-wide cooperation. The
member list of the FS/ISAC
 has not and will not be released to anyone. Membership is strictly confined
to eligible financial service
 applicants as defined by the FS/ISAC, LLC Board of Managers.

 HOW DOES MY COMPANY BECOME A MEMBER?
 Accessing all materials to become a member is easy. The enrollment process,
procedures,
 membership agreement, and eligibility form may be obtained from the FS/ISAC,
s web site,
 www.fsisac.com, or by calling our offices at (888) 660-0134.

 HOW MUCH DOES IT COST TO JOIN THE FS/ISAC?
 Membership fees range from $13,000 to $125,000 depending on the membership
level selected.

 HOW DOES THE FS/ISAC WORK?
 For the first time, information security professionals may anonymously share
in an industry wide
 database of electronic security threats, vulnerabilities, incidents and
solutions. Members voluntarily will
 report information to the database on either an anonymous or attributed
basis. Input will be analyzed
 by security specialists for potential solutions and, depending on the
seriousness of the case, the
 FS/ISAC will distribute an alert to members.

 WHAT IS THE VALUE PROPOSITION TO MY COMPANY?
 There are a number of value added features for each member:

      Early Notification
      Relevant Information
      Industry-wide Vigilance
      Subject Matter Expertise
      Anonymous Information Sharing
      Trending, Metrics, Benchmark Data

 HOW SECURE IS THE FS/ISAC FACILITY?
 The location or locations of the FS/ISAC are secret. The FS/ISAC is
physically secured and the facility
 is operated remotely. The various components of the FS/ISAC system are
protected through
 state-of-the-art security techniques, including constant monitoring for
unauthorized attempts to access
 or alter the system.

 HOW MANY INCIDENTS, THREATS, VULNERABILITIES AND SOLUTIONS ARE CURRENTLY IN
 THE FS/ISAC DATABASE?
 Information in the database comes from FS/ISAC members, US Government
agencies, hardware and
 software vendors, and other sources. While the exact number of incidents
submitted is confidential,
 there have been over 820 entries related to general threats, vulnerabilities
and solutions impacting the
 critical information infrastructure at large.

 DOES THE US GOVERNMENT HAVE ACCESS TO FS/ISAC REPORTS?
 No. US Government agencies, such as NIPC, submit information but cannot
access data.

 HOW IS THE FS/ISAC FUNDED?
 The FS/ISAC is a private-sector partnership of FS/ISAC, LLC members.
Membership fees are the sole
 source of funding. Global Integrity provided the start-up funding.

 HOW MANY INCIDENTS WILL BE REPORTED?
 Since Banking and Finance is the first sector to establish an ISAC, there
are no historical data from
 which to derive traffic statistics. For the first time, financial services
companies can share incident
 information via the FS/ ISAC. Some members may choose to share data with
attributions. Many are
 likely to submit data with complete anonymity. Over time, it is expected the
database will be
 extensive.

 HOW WILL THE FS/ISAC DATA BE USED?
 The FS/ISAC data will be used to share incident information among members in
near-time. The data
 will also be used to develop trending and benchmarking information for the
benefit of the members.

 WOULD THE FS/ISAC PREVENT A VIRUS LIKE MELISSA OR WORM.EXPLOREZIP?
 No, it would not prevent a virus or deliberate hacker attack from happening.
It would, however, give
 members an alert or early warning notice and offer known patches or solution
recommendations. It
 would enable members to respond quickly to avoid or limit potential damage.

 WHAT IS THE DOWNSIDE RISK OF NOT JOINING THE FS/ISAC?
 You would not avoid the expense or loss of reputation of an unexpected
incident or attack about which
 the FS/ ISAC would have warned you. You would not have access to the
near-time database or expert
 analysis that is available to members.

 For more Information, visit the FS/ISAC,s web site: www.fsisac.com or call:
(888) 660-0134
 ISAC-FAQ031000


vkaminski@aol.com, lubowski@visa.com, evets@vt.edu, JMandelker@aol.com,
J_Martin@Baylor.edu, greg.napi.mondex@worldnet.att.netvngo@rice.edu,
mpakulsk@swbell.net, GPERSKY@CMRA.COM,piazzet@wharton.upenn.edu,
rausser@are.berkeley.edu, ASaksen@rfc.com,
jitendra.d.sharma@us.arthurandersen.com, mark.streater@southernenergy.com,
dsunshine@cwonders.com, SteveT@CitizensPower.com, jtoussaint@cinergy.com,
ptufano@hbs.edu, mvanbell@haglerbailly.com, awagoner@iirny.com,
john@sava.com, leslie.abreo@kalotay.com, terry_j_adamson@amoco.com,
LChoo@UtiliCorp.com, jfleming@rice.edu,


Here it is!


The next meeting of the CA Energy Working Group will take place Monday, May
21, 2001 @ 4:00 PM EDT.

Location:  Enron, Large Conference Room
1775 Eye Street, NW
Suite 800
Washington, DC  20006

PLEASE PLAN ON ATTENDING THIS IMPORTANT MEETING.

For those of you not in Washington, DC
please call:
800-713-8600; Code 6261

NOTE:
Monday, May 28th is the MEMORIAL DAY HOLIDAY.
There will be no meeting on that day.


October 19, 2001

Due to the unplanned outage at the ATHENS (ATH) Ohio Compressor station,
TEXAS EASTERN TRANSMISSION, LP (TE) will not be accepting due pipe
makeup for Gas Days October 20-21, 2001. TABS parties are expected to
remain in balance and meter operators are reminded to flow at scheduled
volumes. These restrictions are in affect through the weekend.

Should you have any questions, please contact your Operations Account
Manager.

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

NOTE:

Duke Energy Gas Transmission respects your online time and privacy.
You have received this email because you elected to subscribe. To
unsubscribe, login to the E-mail Notification Subscription page at
http://www.link.duke-energy.com/script2/Notification.asp
uncheck the appropriate checkbox, and click the Submit button.


The following servers will be coming down, please click on the icon for more
details and scheduled times :

-------------------------------------------------------------

          SYSTEM OUTAGE NOTIFICATION

-------------------------------------------------------------

FOR:  PR2 - HR Production

Outage Start: (CST) 5/20/2001 at 07:00:00 AM

Outage End: (CST) 5/20/2001 at 10:00:00 AM

Outage Abstract:  PR2 will be shutdown for new parameters to take effect.

Outage Description: PR2 will be shutdown for new parameters to take effect.

Outage Implication: Production SAP and eHRonline will not be available during
the outage.

Contact Name:Paul Calvino   #:  800-383-3929


As we integrate the EBS IT organization into EWS, Sue Klinke, senior director of IT development, will take over as acting head of the EBS IT organization effective immediately.  She will report to Mark Pickering in the Office of the Chair for Enron Net Works.

We look forward to additional synergies between the groups when this transition comes to completion.  As information becomes available, we will communicate it to you at the earliest convenience.

Greg and Mark


Bill,
I do not need to know what the production updates are unless they are
directly reflecting Enron's allocation.   Please send me nom changes only.
Thanks,
Mark

Billyoung3@aol.com on 11/20/2000 02:55:54 PM
To: nferrie@enron.com, mschrab@enron.com, victoria.versen@enron.com,
sreams@stmaryland.com
cc:
Subject: Production Update

  ?????Block ????????Volume ??????Time ????????????????Comments
1. ???WC 39 ??????6.3 mmcfd ???noon 11/20 ???????B Well 1.7 mmcfd added to
4.6 A
2. ???Ver 375 ???12.6 mmcfd ???10 am 11/20 ?????Ramping up at 10 am to 12.6
mmcfd


Hi Monika,
Here's the Stats Canada data:

-----Original Message-----
From: julie.carpentier@statcan.ca [mailto:julie.carpentier@statcan.ca]
Sent: Tuesday, October 30, 2001 9:18 AM
To: Forster, Avril
Cc: Joann.Morton@a.statcan.ca
Subject: RE: Data Query|||EID: <24606> ERe: <0>

In response to your request, attached you will find the international trade
data you purchased on October 25th, 2001 (order number 116832). I included
the data for all the available years. If there is no data for a year, for a
specific code, it's that there was no data reported. The reason why you did
not obtain the data for the years before 2001 is probably because you did
not highlight the years you wished. In fact, for each of the variables, you
have to highlight the ones you wish to obtain, even if you selected the
"individually" box.

If you have questions, please do not hesitate to contact us. Thank you for
your interest in Statistics Canada.
Julie Carpentier
Information Officer
Statistical Reference Center (NCR)
Statistics Canada
Phone : 1-800-263-1136
Fax : 1-877-287-4369
E-mail : julie.carpentier@statcan.ca

-----Original Message-----
From: Forster@stcinet.statcan.ca [mailto:Forster@stcinet.statcan.ca]
Sent: Thursday, October 25, 2001 7:51 PM
To: Ottawa
Subject: Data Query|||EID: <24606> ERe: <0>

When I purchased this data, I was under the impression there was
multiple years worth of data. The result I received was only for 2001.
Could someone explain what happened to 1993-2000 export figures?

Please contact Monika Causholli at 713-345-1510 (the purchase of this
data was for her)

Thanks,
Avril Forster

-----Original Message-----
From: infostats@statcan.ca [mailto:infostats@statcan.ca]
Sent: Thursday, October 25, 2001 5:51 PM
To: Forster, Avril
Subject: Thank you for your order

Avril Forster,

Statistics Canada - Statistique Canada would like to thank you for your
recent purchase. We are glad to be of assistance and appreciate your
business. Please come and see us again at: http://www.statcan.ca or
contact our customer service at: 1 800 263-1136.

*** PLEASE RETAIN THIS RECEIPT FOR FUTURE REFERENCE ***

Here is your detailed order info:

PURCHASE DATE & TIME: 2001-10-2! 5 06:50 PM EDT

ORDER NUMBER: 116832

BILLING ADDRESS:

Avril Forster
1400 Smith Street
Houston, TX
77002 United States
E-mail: avril.forster@enron.com

ITEM(S) PURCHASED:
(Currency: CAD)
------------------------------------------------------------------------
------------------
Product: TRADE:27888
Quantity: 1
Unit Price: $39.00
Total Price: $39.00
=============================================
Sub-Total: $39.00
Shipping: ---
Tax: $0.00
Grand Total: $39.00
=============================================

You can view the progress of your order by clicking or copy/paste in
your browser the following address:
https://prodtranfe.solutionxpert.com/tms-ts/bin/smart-receipt.cgi?H67ad6
eb5c846d37c33c4d7f94adc15a2:key_store_seqid=401753&buyer=r&view=customer
&order_id=b545e2c8c99a11d5964130c69512c66e&expire=1004052048&locale=en-C
A&kid=310001.1! 00080&ss=env

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


CONFIDENTIAL AND PRIVILEGED ATTORNEY/ATTORNEY AND ATTORNEY/CLIENT
COMMUNICATION

1.  First, I have set up a meeting with Tom Shelton for this Friday, 3/31, at
1:45 p.m. here at B&P, 29th floor.  I will see Knox and Neal here then.
2.  To reiterate what Knox told me, today Ronnie (speaking generally about
the Beeson case, but not yet aware that Knox is involved) told Knox at a
social luncheon that he does not plan to move for rehearing, but plans to go
back to the trial court and seek a Dow Waiver class.  Thus, we are on a short
time frame to prepare, since Ronnie will undoubtedly do that fairly soon and
seek a quick hearing.  In that regard, we need to, in short order:
(i) decide whether we want to approach Dow now -- -- and then figure out the
best approach -- about releasing Don Ray from any constraints about
testifying about the first purchaser issue.  The best way to do this may be
through Don Ray; he has offered to try.  Having DRG testify about the first
purchaser issue is not essential at the certification stage, but could be
helpful, particularly on cross.   There IS a potential downside to exploring
this issue prior to certification, however, which is that it will entail
dealing with the Glidden firm.  I will discuss the downside more in person.
(ii) interview not only Shelton, but Hazzlerigg (in Austin), Walzel, and
Gerald Bennett.
3.  I have already been doing quite a bit of work for a recertification
hearing.  On Friday, I will have a full to do list for all of us to add
to/discuss/divide up, after we've met with Shelton.
4.  Upon recently rereading HECI v. Neel, I don't understand how this claim
can survive limitations.  In that case, royalty owners sued the lessee for
failing to notify them of overproduction from other wells in their reservoir
that damaged their interests.  The Supreme Court held that because RRC
records would have shown the overproduction, the claim was not inherently
undiscoverable, and thus the discovery rule could not toll limitations.  This
seems pretty closely on point. We don't have the facts to support fraudulent
concealment here.  Knox has suggested we may want to move for summary
judgment on limitations as soon as the case is returned to the trial court,
both to educate Link and to educate Ronnie, who was full of bravado about his
case at lunch.
5.  Knox suggested at lunch that we might have a certification "expert" on
Rule 42, how criteria aren't met here, etc.  Neither of us wants to use Jack
Ratliff for that purpose, for multiple reasons.  Does anyone have any other
ideas?
Talk to you soon!


***** CONFIRMATION OF MEETING WITH ORILLION *****

Gentlemen:

I have spoken with Jerry Sellers of Orillion and he will be visiting with EBS
on Tuesday, April 25, 2000 for about half a day.  Orillion is scheduled to be
at EBS from 1:00 - 4:00 p.m. in Conference Room 45C1.  The following
individuals will participate on behalf of Orillion.  They are as follows:

     Jerry Sellers, Chairman
     Terry Lindsey, President
     Professor Ken Dick, Technical Advisory Board at University of Nebraska

Orillion would like to propose the following discussion topics:

     1.  Introduce Orillion to EBS
     2.  Engage in Technical Discussions
     3.  Discussions on how Orillion can help EBS

Participants from EBS:

Arshak Sarkissian for Scott Yeager
Vince Kaminski
John Griebling
James Reece
David Reece
Everette Plante
Diane Hetzel
Dorn Hetzel
Ravi Thuraisingham


Station 9 has been repaired and ready for service as of July 20th.

DS

 -----Original Message-----
From: 	Schoolcraft, Darrell
Sent:	Friday, July 20, 2001 10:22 AM
To:	DL-ETS Gas Controllers
Subject:	Station 9

Station 9 will be unavailable until Monday afternoon, July 23rd.  The recycle valve is leaking gas and a
new valve is being shipped from Houston.  If you need a station you have to cycle station 8.

DS


You have received this email because you are listed as a security approver. Please click http://itcapps.corp.enron.com/srrs/auth/emailLink.asp?ID=000000000077129&Page=Approval to review and act upon this request.

Request ID          : 000000000077129
Request Create Date : 11/26/01 8:12:45 AM
Requested For       : judy.townsend@enron.com
Resource Name       : ICE - External Intercontinental Exchange US Natural Gas
Resource Type       : Applications


HI Susan-

I'm totally open the weekend of December 15th!? I'm sure events will come up
between now and then, but I'd love for you to come out if you're available!?
$99 is a great deal!

Loving my new place and my roommate is so much fun and so wonderful....How
are you doing?? last i heard you were juggling several men- i'd love to hear
more!? are you taking off any time around Christmas?? I'm not, so I'll be
here the whole time.....i've already wrapped my Christmas presents!? my goal
is to be totally done by this weekend so that I can relax and enjoy the
holidays and all the fun parties!?

write whenever you can!
love,
julie

At 08:57 AM 11/21/2000 -0600, you wrote:
Hey Julie,

Congratulations on the promotion, that's so exciting (I'm sure you've more
than earned it).

I just wanted to drop a line and see how work,? your new apartment/roommate
and Brendan are all doing.? All are wonderful I hope.? I realize this is
somewhat random, but I just found some great airfares from Houston to San
Diego ($99 each way!!!) and was wondering what you were doing the weekend
of Dec. 15?? I know this time of year is kind of crazy so I will totally
understand if you have holiday parties, etc. to attend.? Regardless, this
deal is good for travel through the end of February 2001, so....if it
doesn't look like it's going to work before the end of the year, maybe
could make a visit mid-January or February.

Have a great holiday weekend and I'll talk to you soon.

Susan


Shirley,

Please, include Grant as well.

Vince
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 02/24/2000
04:57 PM ---------------------------

Vince J Kaminski
02/24/2000 04:52 PM
To: Remi Collonges/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: Vince J Kaminski/HOU/ECT@ECT, Shirley Crenshaw/HOU/ECT@ECT
Subject: Re: curves for South America

Remi,

No problem. My assistant Shirley Crenshaw will call you Friday to set up a
meeting.

Vince

Remi Collonges@ENRON_DEVELOPMENT
02/24/2000 09:10 AM
To: Vince J Kaminski@ECT, Grant Masson@ECT
cc:
Subject: curves for South America

Vince and Grant,

I have been made responsible for all gas and power curves in South America
(plus books development, reporting, .......).  I have somewhat started but,
since I am new on the job, I'd love to receive advice, guidance (and at some
stage help) from you.  Would you be available for a meeting next week,
preferably Thursday or Friday?   I'm planning to be in Houston these days.

Remi Collonges
(55) 11 5503 1200


Due to the inability to access the Internet this morning I will try to send out an afternoon edition of California Issues.

Thank you,

Davis-Burton feud swirls over Edison bailout
Sacramento Bee, Sept. 18, 2001

Davis adviser's memo stirs a furor: A threat to quickly expose certain Riordan donors is called extortion.
Sacramento Bee, Sept. 18, 2001

Burton: No special session necessary for energy issues
San Diego Union Tribune, Sept, 17, 2001

State power regulators to investigate Edison's safety record
San Diego Union Tribune, Sept, 17, 2001

Group to Defend Ads Criticizing Davis
LA Times, September 18, 2001

Davis-Burton feud swirls over Edison bailout
By Kevin Yamamura
Bee Capitol Bureau
(Published Sept. 18, 2001)
The legislative session ended Friday with a dramatic standoff between two of the state's most powerful Democrats.
The feud between Gov. Gray Davis and Senate President Pro Tem John Burton remained the talk of the Capitol on Monday. How they resolve the intraparty dispute will have a significant effect on whether California saves the state's second-largest utility from bankruptcy.
Both the governor and Burton said they intend to negotiate before they bring lawmakers back sometime in early October. Otherwise, Burton said, "it might be incumbent upon people to show up on the first day and recess."
For now, the relationship between the state Senate and the governor is strained, owing partly to what some lawmakers perceived as an insult from Davis at the end of the session.
At issue is Davis' plan to have the state help Southern California Edison reduce its debt. The Senate opposes the governor's plan, fearing that it would punish too many small customers.
"We passed a bill, it was a lot cleaner bill and a better bill for the people of the state of California than the one that was sent back to us that the administration wanted us to vote for," Burton said Monday.
Davis, meanwhile, has portrayed his plan as the only way to remove the state from the power-buying business and prevent a second utility bankruptcy. His spokesman, Steven Maviglio, said the governor is risking political capital to pass a deal.
"This is an extremely unpopular bill," Maviglio said. "Sometimes you've got to do what's right and not what's popular."
Over the weekend, Burton said repeatedly that the Davis plan only had seven Senate votes out of the 21 required. In a week marked by the national tragedy of terrorist attacks on the East Coast, the governor's last-minute lobbying was not enough.
Sen. John Vasconcellos, D-Santa Clara, said he received calls from Edison International Chairman John Bryson, Davis energy adviser Michael Peevey and former Secretary of State Warren Christopher on behalf of the Edison plan, all on Friday.
"I'm not going to come back (in session) to twiddle my thumbs if people are going to jam me," Vasconcellos said.
With the Edison plan doomed in the Senate, Davis Saturday told legislators that he would call them back in two weeks.
In a statement, Davis said he was "proud of the work done by the Assembly," but "unfortunately the Senate has not gotten the job done."
Some Senate lawmakers perceived that as an insult to their work, particularly since the governor's statement came at the end of a 15-hour workday. Burton called those remarks a "shameful thing."
Maviglio pointed to two Senate actions that upset the governor. In one instance Friday, Davis met with Burton but was rebuffed.
"(The governor) made a personal appeal to him and said, 'I need this,' " Maviglio said. "And that was rejected."
Meanwhile, Davis was particularly incensed that the Senate passed a resolution that would have ended California's "state of emergency" and the governor's emergency powers.
Burton said Monday that some senators were concerned that Davis would use his "sweeping powers" when lawmakers were out of town. The Assembly eventually killed the resolution.
Caught unaware, the governor took it as an affront.
"You know, they spit in our eye," Maviglio said. "It's not surprising that the governor said the simple fact that the Senate failed to act."

Davis adviser's memo stirs a furor: A threat to quickly expose certain Riordan donors is called extortion.
By Emily Bazar
Bee Capitol Bureau
(Published Sept. 18, 2001)
Gov. Gray Davis' top political adviser has sent an unusual memo to 2,000 of the governor's major contributors, warning that any large donations they make to Republican challenger Richard Riordan will be disclosed during the coming weeks under new campaign finance rules.
The letter, which was written by Garry South and mailed last week, has triggered allegations of abuse of power and blackmail from Davis' GOP opponents.
The letter has also provided voters a brief glimpse of the political mudslinging they can expect should Riordan, the former mayor of Los Angeles, officially declare his candidacy for the governor's job.
Riordan, who has been campaigning informally for the last few months, is expected to announce his gubernatorial bid in mid- to late October.
"Exactly one month from today, the whole world will know who has contributed to Riordan in the last three months, and how much," says the letter dated Sept. 10. "Contrary to the impression being left with some potential donors, the Riordan campaign's fund raising is going to be instantly transparent."
South argues that the one-page letter was intended to inform donors that the Riordan campaign -- which may have tried to solicit money from them -- has given out incorrect information about campaign finance disclosure deadlines.
"We had been getting reports back that Riordan was calling our major donors ... trying to raise money," South said. "Some were being led to believe that if they made contributions, nobody would know about it for months."
Addressing the letter to "friends and supporters of Governor Davis," South told them that the early primary election on March 5 has accelerated the deadlines for campaign finance disclosure statements. This year, he wrote, the next disclosure report will be due Oct. 10. In past years, when primaries were held at a later date, Jan. 31 was the deadline.
The letter also explains that a recent bill signed by Davis, SB 34, requires statewide candidates and ballot measure committees to disclose within 10 days contributions of at least $5,000 received more than 90 days before an election.
Officials from Riordan's campaign, however, don't believe South's motives were pure. Riordan spokesman Dan Schnur said the letter is an abuse of power.
"It's clearly a not-very-veiled threat designed to prevent past Davis donors from giving money to Riordan," he said.
Because Davis is considered a pro-business Democrat who raises money in the business community, some of the donors interested in supporting Riordan likely have also given money to Davis, Schnur said.
"We have heard from several donors and potential donors who have received the letter," he said. "They're outraged."
Campaign officials for Secretary of State Bill Jones, another Republican gubernatorial hopeful, also spoke out against the letter.
Jones spokeswoman Beth Miller labeled the memo "blackmail and intimidation." She said the letter seems to imply that the governor will take revenge on anyone who gives to Riordan.
The timing of the letter is particularly important, she said. It was sent just before Davis entered the intense monthlong bill-signing period that ends Oct. 14.
"It's fair to say it borders on extortion," Miller said. "The language of this letter is blackmail. 'Do it and you'll pay the consequences.' ... It's especially astounding that it comes during bill-signing."
Miller said Jones probably will ask the Fair Political Practices Commission to review the letter.
South denied the allegations of blackmail, saying the letter was not a threat. He added, however, that it's his job to run the governor's campaign and to dissuade donors from giving to other candidates.
"If someone gets that memo and says, 'I'm not going to give Riordan $100,000 because it's going to show up on a report 10 days later,' more power to me," South said.
Robert Stern, president of the Center for Governmental Studies, said the letter is typical of South, who "plays hardball," but isn't illegal.
In fact, Stern noted, Davis is going to be affected by the same upcoming campaign finance deadlines that will force Riordan to disclose his contributions.
"It's transparent for everybody," Stern said.
Indeed, both Riordan and Davis have had to disclose recent contributions of more than $5,000, as required by SB 34.
Among Riordan's contributors was Stockton developer Alex Spanos, who gave $100,000 on Sept. 4. Among those who gave to Davis was the Twenty-nine Palms Band of Mission Indians, which donated $10,000 on Sept. 12.

Burton: No special session necessary for energy issues
By Jennifer Coleman
ASSOCIATED PRESS
September 17, 2001
SACRAMENTO - Consumer groups and the Senate's top Democrat said Monday there's no need for an extra legislative attempt to save beleaguered Southern California Edison from bankruptcy.
Although the Assembly voted to let Edison sell $2.9 billion in bonds to pay off part of its $3.9 billion debt, Senate Leader John Burton said he didn't bring it up for a vote in his house as the Legislature prepared to adjourn because not enough senators would vote for it.
Gov. Gray Davis promptly announced he would call the year's third extraordinary legislative session so the Legislature could again attempt to craft a rescue plan for Edison.
"There's no reason to come back and stay through a third, fourth, fifth or sixth special session unless there's a deal," Burton said Monday. "People aren't going to vote for something that they think is morally wrong and politically dangerous for them."
Several senators tried to write a less-generous version of the Assembly plan, but Edison officials said that wouldn't help them, said Burton, a San Francisco Democrat. "Members felt that they didn't want to vote for a bill that helped Edison that Edison didn't want."
The utility amassed $3.9 billion in debt from high wholesale prices last year. Without a state-backed rescue, the company says it will have no choice but to follow Pacific Gas and Electric Co. into bankruptcy. Davis announced in April that he had negotiated a plan with Edison to buy the utility's transmission lines and let the company issue revenue bonds, backed by consumers, to pay its debts.
Lawmakers worked on several incarnations of the deal since then, but couldn't reconcile the different versions that passed each house.
The third legislative session would deal exclusively with Edison, said Davis spokesman Steve Maviglio. Assembly and Senate leaders would set the date for the session to start.
An Edison-only session, Maviglio said, will force the Senate to focus on only that issue. "The bottom line is that it has to be legislation that gets the state out of the power business and gets Edison solvent."
Because the Assembly didn't adjourn the second extraordinary session on energy, the governor would have to call a third session to compel lawmakers to return to the capital.
If the governor does that, Burton says he'll immediately adjourn it.
"I don't know what the Legislature can do. Whatever we want to do, the Edison people say it isn't enough. It isn't enough. They want a flat bailout," Burton said.
The Assembly approved a drastically changed version of the Senate bill, adding $400 million to the utility's bonding limit and including provisions to encourage renewable energy and limit cash transfers from the utility to the parent company.
"We sent a bill to the Senate, one to accomplish one of the objectives of the legislation, which is to put the utility back on its feet," said Paul Hefner, spokesman for Assembly Speaker Bob Hertzberg, D-Van Nuys. "I don't know what more there is for us to do at this point."
Edison officials declined to comment Monday. The company had opposed the Senate's plan to let Edison sell $2.5 billion in bonds, saying that wouldn't keep them from bankruptcy.
Consumer advocate Harvey Rosenfield said Edison has "cried wolf" to lawmakers five times since January, setting deadlines by which it said it would file for bankruptcy
"Now, of course, they said that they can wait until Oct. 15. I don't think Edison has much credibility with the legislators at this point," said Rosenfield, executive director of the Foundation for Taxpayer and Consumer Rights.
His organization has promised a ballot measure to overturn any legislation that helps the utility.

State power regulators to investigate Edison's safety record
By Karen Gaudette
ASSOCIATED PRESS
September 17, 2001
SAN FRANCISCO - California power regulators are launching an investigation into Southern California Edison's safety record, citing 4,721 safety violations over three years.
The Public Utilities Commission's consumer services division has linked 37 accidents to these alleged violations, tracked between 1998 and 2000. Five of which resulted in deaths, the PUC announced late Monday.
The PUC will look into Edison's compliance with state Public Utilities Code provisions and commission orders on construction, operation and maintenance for electric lines and facilities.
"Safety in the provision of utility service is a top priority for the commission," said PUC Commissioner Carl Wood in a written statement. "The public expects PUC safety requirements to be rigorously enforced, and we will meet that expectation."
In a written statement Monday evening, Edison said it has begun a comprehensive review and analysis of the allegations.
"We continue to believe that our program is one of the best in the indudstry and with respect to reliability of service and to the safety of our customers and employees," the company said.
The PUC's consumer services division wrote that it had sent notices to Edison about their alleged violations. The division's report suggests there may have been a significant number of injuries and fatalities that might have been prevented by compliance with safety standards.
The announcement comes just days after the state Senate refused to pass a plan backed by Gov. Gray Davis to let Edison sell several billion dollars in bonds to help settle its debts. Davis called the year's third extraordinary legislative session so lawmakers again could try to craft a rescue plan for Edison.
Steve Maviglio, a Davis spokesman, said Monday that the investigation should not adversely affect Edison's chances of receiving financial help from the state.
Edison, along with Pacific Gas and Electric Co., has struggled with debt since last summer, when electricity and natural gas prices shot up. A rate freeze prevented them from recovering the extra costs from customers.

Group to Defend Ads Criticizing Davis
By ALEXA HAUSSLER
Associated Press Writer

September 18 2001, 12:14 AM PDT

SACRAMENTO, Calif. -- A Washington, D.C.-based taxpayer group that criticized Gov. Gray Davis' handling of the statewide energy crisis is now finding itself on the defensive.

A judge ruled on Monday that the American Taxpayers Alliance, which ran television ads criticizing the governor, must register as a political committee and identify its financial backers.

"Basically American Taxpayers Alliance has to play by the same rules that everybody else has to play by," said James Harrison, a San Francisco-based attorney representing Davis' re-election committee.

James Bopp, an Indiana-based attorney for the taxpayer group, said Monday it will appeal the ruling. He said the group is not a political committee.

"The First Amendment fully protects the right of citizens to praise or criticize the conduct of public officials while in office," Bopp said. "This ruling strikes at the heart of that right."

The group ran the ads for three weeks starting June 18. The ads ended with the phrase "Grayouts from Gray Davis," referring to the state's rolling blackouts.

The alliance is headed by Scott Reed, a Republican strategist, and the commercials were produced by consultants who helped produce ads for President Bush's presidential campaign.

Davis and other Democrats say the alliance's contributors include electric power generators that have been accused of overcharging the state.

Davis sued in July, claiming the group violated the state's Political Reform Act by failing to register with the California secretary of state. He argued that any group advocating for or against candidates must register.

But Bopp accused Davis of intending to "punish, harass or intimidate people who criticize him."

Davis is up for re-election in November 2002. His popularity slipped to its lowest point in the spring, when state officials were predicting a serious summer power shortage. But mild weather, long-term contracts with energy suppliers and other conditions led to a blackout-free summer, and Davis' approval rating is rebounding.

Still, the energy crisis -- which forced the state's largest utility into bankruptcy proceedings and caused an electricity rate increase and rolling blackouts earlier in the year -- is likely to be a key issue in next year's race.


Here is the remaining agreements.
---------------------- Forwarded by Phil DeMoes/Corp/Enron on 12/04/2000
02:01 PM ---------------------------

John Griffith
12/04/2000 01:47 PM
To: Phil DeMoes/Corp/Enron@ENRON
cc:

Subject: Re: Jose LNG documents

---------------------- Forwarded by John Griffith/Corp/Enron on 12/04/2000
01:45 PM ---------------------------

	From:  Eric Groves @ ECT                           11/30/2000 06:01 PM

To: John Griffith/Corp/Enron@Enron, Eric Moon/HOU/ECT@ECT
cc:

Subject: Re: Jose LNG documents

the actual agreements

Guido Caranti@ENRON_DEVELOPMENT
10/23/2000 06:13 PM
To: Randy Petersen@ECT, larry_lawyer@enron.com, eric.gonzales@enron.com
cc: Merritt.thomas@enron.com, Emilio
Vicens/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Eric Groves@ECT
Subject: Jose LNG documents

As promised, I am enclosing the four documents involved in the transactions
with PDVSA for our Jose LNG project.

Please call me at 56302 or Emilio Vicens at 66014 if you have any questions.

Regards

Guido Caranti


-----Original Message-----
From: 	Wallumrod, Ellen
Sent:	Wednesday, October 24, 2001 11:31 AM
To:	Perlingiere, Debra
Subject:	RE: Unimark LLC

Hey you  -  we need to catch up ! Lunch next week perhaps ?

Also, could you please attach the Unimark confo again ?

Thanks

Ellen

 -----Original Message-----
From: 	Perlingiere, Debra
Sent:	Monday, October 22, 2001 4:52 PM
To:	Wallumrod, Ellen
Subject:	Unimark LLC

 Attached is a confirmation for Unimark LLC / ENA Upstream.  Glad your back!!!

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


Good Morning:

We haven't heard from you and the next event is around the corner.  Please
see the information below and let us know if you will be joining us!

The Women's Initiative of
United Way of the Texas Gulf Coast
and
Vinson & Elkins L.L.P.

Cordially invite you to a networking reception
for women supporting the United Way
Tuesday, February 12, 2002
5:30 p.m. - 7:30 p.m.

Hosted by:
Paula Hinton

Place:
3971 Inverness
Houston, Texas  77019
(713) 965-9401
(directions provided on the reverse side)

Please RSVP to
Melissa Hulin at (713) 685-2466
mhulin@uwtgc.org

We look forward to seeing you there!

Melissa Hulin
Fund Development Specialist
United Way of the Texas Gulf Coast
Direct:  713.685.2466
Fax:  713.956.2868
e-mail:  mhulin@uwtgc.org


558066 - I see 367 in this deal

557412 - Mallory's deal changed to Bloomberg

Sean is entering last two deals.

Evelyn Metoyer@ENRON
03/22/2001 01:59 PM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: 3/22 Checkout

BLOOMBERG

Mike Swerzbin
deal 558066
Bloomberg shows price as $367.....enpower has $267.

Jeff Richter
I am missing the following deal:
Enron sells to Dynegy Power 25 mw of 3/23-3/24 off-peak SP-15 at $140.00

PREBON

Dianna/Sean

I am missing the following deals:
1) Enron buys from Duke 25 mw of 3/23-3/24 Mid-C peak hrs at $310.00
2) Enron sells to Mirant 25 mw of 3/23-3/24 Mid-C peak hrs at $310.00

AMEREX WEST
All deals checked out o.k.


got message.  call when u can.  415.782.7822.  jeff


Would you review this?  Thanks!
---------------------- Forwarded by Mary Hain/HOU/ECT on 10/25/2000 08:40 AM
---------------------------

Linda L Lawrence@ENRON
10/25/2000 07:49 AM
Sent by: Linda L Lawrence@ENRON
To: Duong Luu/HOU/ECT@ECT, Cara Semperger/PDX/ECT@ECT, Monica
Lande/PDX/ECT@ECT, Mary Hain/HOU/ECT@ECT, Kristin Albrecht/HOU/ECT@ECT,
Stacey W White/HOU/ECT@ECT, Tim Belden/HOU/ECT@ECT, Christi L
Nicolay/HOU/ECT@ECT, Leslie Reeves/HOU/ECT@ECT, Valarie Sabo/PDX/ECT@ECT
cc:
Subject: WSPP report for 3rd quarter

Attached  is EPMI's 3rd quarter WSPP report for your review and comments,
Wright & Talisman request that
we submit our filing electronically  by Friday, October 27.

Thanks
Linda

----- Forwarded by Linda L Lawrence/NA/Enron on 10/25/2000 09:18 AM -----

	Valarie Sabo@ECT
	07/31/2000 11:14 AM

		 To: Linda L Lawrence/HOU/EES@EES, Duong Luu/HOU/ECT@ECT, Cara
Semperger/PDX/ECT@ECT, Leslie Reeves/HOU/ECT@ECT
		 cc: Monica Lande/PDX/ECT@ECT, Mary Hain/HOU/ECT@ECT, Kristin
Albrecht/HOU/ECT@ECT, Stacey W White/HOU/ECT@ECT, Tim Belden/HOU/ECT@ECT
		 Subject: WSPP report for 3rd quarter

Hi Folks!  For 3rd quarter we'll need to undergo an examination of our
reporting requirements for WSPP and accordingly, our reporting processes.
The filing requirements can be found under the " WSPP Library" heading of the
Current Documents section of the WSPP home page (www.wspp.org).

Basically, we just need to be confident our reports are accurate and we also
need to be cognizant that if we make significant changes, we should be able
to anticipate the impact of those changes and send appropriate adjusting
notification if necessary.  Let's not surprise ourselves or FERC in a big way!

I'm not sure that I am the appropriate staff to head this up, but will be
happy to provide organization and coordination to the effort until we all are
happy with the undertaking.

Next week after the close of this month is complete, I will structure a
project management file on the WSPP reporting and we'll take it from there.
Please contact me with comments, questions, complaints, x7756.

P.S.
We have filed the 2nd quarter report using the unchanged method.


The request below is for office moves due to construction scheduled to begin
on July 14, 2000.  The estimated time of construction is 2 to 3 weeks.  Will
you please add these moves to the July 14th churn.

Thanks.

Joya' F. Davis
Sr. Admin. Assistant
ENA Legal Department
EB3855A
joya.davis@enron.com
(713) 853-9559 DID
(713) 646-4842 FAX


Real time 24 hour 1-800-349-5527 and 1-877-367-6601
Genco 1-877-294-3900
Services 1-800-611-1282

How will the cutover work.  If a trader, operator logins in at the new building will the 800 numbers not follow.  If so then we will bring in an extra crew at noon to login and get set up in the new building with a planned cut over around 3pm.  Once the transfer is done you will relocate the mapp equipment as well as the remaining ercot, midwest, southeast and northeast equipment to the new building.

The night shift will report to the new building at 6pm.

Thanks.

 -----Original Message-----
From: 	Muschar, Daniel
Sent:	Monday, November 12, 2001 9:45 AM
To:	Baughman Jr., Don; Black, Tamara Jae; Will, Lloyd
Subject:	24 hr 1-800 phone

TJ:

How many 1-800 phone numbers does power have? ( If any other than 24 Hr trading, please advise)
What is the number for 24 HR group? ( I will need to coordinate a cutover for this)
Do you know of any special phone needs for the weekend trading?  (The people on turrets will be fine, they pin in anywhere)

Any other thoughts or concerns are appreciated.

Thank you,

Daniel A. Muschar
ECS Project Team Lead
Office: 713-853-4344
Cell: 281-541-6203
daniel.muschar@enron.com
CCNA, MCSE, CNA, A+


1,2,3 are fine 4-10 don?t know, 11,12 o.k.

regards
Henning Bruttel

> -----Original Message-----
> From:	Mary Cunningham [SMTP:MCUNNINGHAM@isda.org]
> Sent:	Friday, October 26, 2001 22:28
> To:	ISDA BOARD; Robert Pickel
> Subject:	Member Applications
>
> The following 12 applications will go for approval at the next executive
> committee meeting on Thursday, November 1.
>
> Please let me know if you know Kommunalbanken AS or KommunKredit.  Thank
> you.
> Mary
>
> Primary Regional
> 1.  Hamburger Sparkasse - German savings bank
>
> Associate Broker
> 2.  Tradition (North America), Inc. - broker
>
> Associate
> 3.  LIFFE - exchange
> 4.  Arendt & Medernach - Luxembourg law firm
> 5.  Wistrand Advokatbyra - Swedish law firm
>
> Associate Emerging
> 6.  Deacons - Hong Kong law firm
>
> Subscriber
> 7.  Kommunalbanken AS - local gov't (Norway) funding agency
> 8.  KommunKredit - provides loans to the Danish local authorities and
> Danish
> semi-municipal institutions
> 9.  CDC IXIS Asset Management - (its parent CDC IXIS Capital Markets is a
> Primary member)
> 10.  DKR Capital Inc. - Investment management firm.  (Formerly known as
> AIG
> International Asset  Management Inc.  DKR is no longer an affiliate of
> AIG.)
> 11.  Bank of England - Central bank
> 12.  Swiss National Bank - Central bank

If you have received this e-mail in error or wish to read our e-mail disclaimer statement and monitoring policy, please refer to
http://www.drkw.com/disc/email/ or contact the sender.


Should we release the VNG capacity to ENA effective 1/1/2001?  If yes, then
what time frame (one year)?


Mr Lay - If you really think that this sale creates a "great opportunity" for shareholders then you are more out of touch with reality than I previously thought (unless you were referring to Dynegy shareholders). Under your "leadership" the shareholders have been devastated, employees have lost their retirements, college funds have been desiminated and reputations have been ruined, including your own.

While I applaud your forgoing of the $60 million dollar payment I suspect having taken it would have only added to outrage and probably weakend your position in forthcoming lawsuits and don't feel that it was as self efacing as you have lead us to believe . Under your direction Enron has promoted bafoons, charletons and incompetents to the highest management ranks.  You personally did everything imaginable to lose the confidence of the investment community, in my opinion. This has got to be the financial disaster of the decade, all under your direction.

You said Jeff Skilling left for "personal reasons" and there were not hidden financial problems. You told us you were becoming more transparent in financial disclosures and then tried to slip a $1.2 Billion dollar equity reduction by us. The list goes on and on. Why should we believe you now.

One more thing Mr. Lay. I suggest  take the listing of  "executive awards" off the internet site. I suspect new "awards" will be coming out soon. And please don't waste your time sending me self serving "feel good" memos anymore. I finally caught on to you.

---------------------- Forwarded by Deane Pierce/Corp/Enron on 11/14/2001 10:12 AM ---------------------------

Ken Lay - Office of the Chairman
11/10/2001 07:17 AM
Sent by:	General Announcement
To:	All Enron Worldwide Distribution Group
cc:

Subject:	Enron Announces Plans to Merge with Dynegy

Today, we announced plans to merge with Dynegy, a major player in the energy marketplace and one of our largest counterparties.  Dynegy is a great company with businesses very similar to our own.  We believe merging with Dynegy is the best option to preserve our core businesses that you've worked so hard to build.  Following are the major components of the transaction.

Deal Terms

--	The transaction will constitute a stock for stock exchange based on an exchange ratio of 0.2685 Dynegy shares for every Enron share.  For example, each 1,000 shares of Enron stock will be converted to 268 shares of Dynegy upon closing, plus cash for fractional shares, upon closing.
--	ChevronTexaco owns approximately 26 percent of Dynegy's outstanding common stock.  ChevronTexaco will invest $1.5 billion in Dynegy immediately and an additional $1 billion in Dynegy on closing of the merger.  Dynegy will immediately invest $1.5 billion in cash in Enron's Northern Natural Gas subsidiary in exchange for preferred stock in Northern Natural Gas.
--   Total outstanding shares of the combined company are expected to be approximately 700 million shares.
--   The transaction is subject to shareholder and regulatory approvals, and is expected to close late next year.

Enron will have immediate access to Dynegy's $1.5 billion cash investment in Enron's Northern Natural Gas subsidiary.

Management of Newly Formed Company

Chuck Watson will be chairman and CEO of the newly formed company, which will be called Dynegy Inc., and Steve Bergstrom will be president and COO.

I will continue to serve as chairman and CEO of Enron until the transaction closes.  I will not join the Dynegy Office of the Chairman.  Greg Whalley will continue to serve as president and COO of Enron until the transaction closes.  Then he will become an executive vice president of the new company and will join the Dynegy Office of the Chairman.  Mark Frevert will continue as vice chairman of Enron.

Management from Enron and Dynegy will work together to ensure a smooth, efficient integration.  The make-up of the integration team has not yet been determined.

The merger will be a long and complex process and is expected to close by the end of the third quarter 2002.  This merger will create an enormous growth engine, providing great opportunities for our employees, shareholders and customers.  As with any merger, some elimination of positions is almost inevitable, and one of our key tasks will be to identify the optimal structure of the new company.  We hope to be able to address any need for work force reductions through attrition and hiring reductions.  Clearly, we cannot rule out involuntary separation, but Dynegy is motivated to identify and retain the best talent from both organizations.  I promise you that I will do everything I can to make this transition as smooth as possible.

As I said in my video, this is a day like no other in our company's history.  We considered several options, but we believe that this merger with Dynegy is the best option to help rebuild investor and market confidence, strengthen our balance sheet and preserve our core businesses.

I know you have a lot of questions about this transaction and about next steps.  We have a list of frequently asked questions posted at <http://home.enron.com/updates/>.  If you have additional questions, please submit them to questions@enron.com <mailto:questions@enron.com>.  We will post updates as soon as we have answers to your questions.  If you receive any calls from the media, please refer them to our media team at (713) 853-5670.

I ask you to consider the enormously bright future of the newly formed company.  Rather than closing doors, we are opening new ones, as this deal enables the customers and shareholders of both companies to participate in the tremendous benefit of the combined enterprise, including our market reach, financial strength and industry experience.  Together, we will be a new merchant powerhouse.

And again, thank you for everything you have done for Enron.

Investors and security holders are urged to carefully read the joint proxy statement/prospectus regarding the proposed transactions when it becomes available, because it will contain important information.  Investors and security holders may obtain a free copy of the joint proxy statement/prospectus (when it is available) and other documents containing information about Dynegy and Enron, without charge, at the SEC's web site at www.sec.gov.  Copies of the joint proxy statement/prospectus and the SEC filings that will be incorporated by reference in the joint proxy statement/prospectus may also be obtained for free by directing a request to either:  Investor Relations, Dynegy Inc., 1000 Louisiana, Suite 5800, Houston, TX 77002, Phone:  (713) 507-6400, Fax:  (713) 507-6808; or Investor Relations, Enron Corp., 1400 Smith Street, Houston, TX 77002, Phone:  (713) 853-3956, Fax:  (713) 646-3002.

In addition, the identity of the persons who, under SEC rules, may be considered "participants in the solicitation" of Dynegy and Enron shareholders in connection with the proposed transactions, and any description of their direct or indirect interests, by security holdings or otherwise, are available in an SEC filing under Schedule 14A made by each of Dynegy and Enron.


Kay:

My afternoon tomorrow looks full - do you have any time before 2 PM to
discuss the TECO MOU and have a call with them? I will check their schedules
as well...


This is a good time to bring this up.  Unless the original CES agreement has
changed, ENA will pay CALP a monthly demand charge of $103,417 from 1/1/2000
- 4/30/2000.  From 6/1/2000 - 7/7/2000, ENA will pay a (volumetric) demand
charge of $.02/mmbtu to CALP for any volumes utilized by ENA.

Which brings up 2 important points;
 1.The month of May has not been addressed which means Robin needs to discuss
this with CALP (and she may have already)
     However, currently we will not be showing any demand estimates for May.

 2.  It's a new ball game starting 7/8/2000.

Comments/questions?

---------------------- Forwarded by Chris Germany/HOU/ECT on 04/10/2000 05:57
PM ---------------------------

Brenda H Fletcher
04/10/2000 04:37 PM
To: Chris Germany/HOU/ECT@ECT
cc: Scott Goodell/Corp/Enron@ENRON
Subject: CGAS contract 64231

This contract is on the ECT April spreadsheet under CES Wholesale.  What is
the relationship between ENA and Commonwealth Atlantic?
(Who pays transport invoice?  Any reimbursements?)

Thanks,
Brenda


After my discussion with Julia I thought I'd try to clarify the documents
that need to be generated.

1. Confirmation of the trade between ECT and Citibank under the existing 1992
Master ISDA Document
2. New Master ISDA Document between Garden State LLC and Citibank with a
Performance Guarantee from Enron Corp. and confirmation of the trade.
3. Master netting agreement that nets obligations under the Master in 2.
above with those in 1. above without having to modify the Master in 1. above.

We are trying to target first drafts to have discussions with the Bank on
Monday afternoon.  Please let me know if this is too aggressive to have a
first cut.
Thanks,
Rodney


Please call us at your convenience.

"Sara Shackleton" <Sara.Shackleton@enron.com> on 04/11/2000 10:14:53 AM

To:   David Mitchell/NY/CWT@CWT
cc:
Subject:  Draft paper and pulp advice

David:  Please give me another day to review your email.  Thanks.  Sara


Yes, I have received your message.  I had lunch with Monty, Keith and my dad
at the Big G and it was wonderful.  Then I dragged Lawyers Daigle and
Burlingame to the offices of Gordon, Arata, et al to say hello to Guy Wall.
We only stayed for a few minutes and the old firm sure looked the same.  The
weather in N.O. was perfect and I also had dinner at Emeril's and a catered
meal by P. Prudhomme, both of which were excellent.  Things are rocking along
here.  I am actually going to have that eye surgery next Friday (I'm 85%
convinced to do it).  It only takes a short time and I can't drive to the
clinic myself but I can drive the following day.  Maybe they'll come up with
something to help my brain.

Back to N.O., I also had drinks with Paul Dubroc.  I guess you heard that
Neel Roberts has been receiving treatments at M.D. Anderson.  (So is Julia
Heintz's mother, by the way).  Robert Soniat (a lawyer in N.O.) recently died
of liver cancer.

I have been for long weekends to Phoenix and N.Y.  It snowed in Phoenix (it
was supposed to be 80 degrees) and I caught the 24-hour bug in N.Y.

So, Carson, what's new with you???????????????????????????


Mark,

I am wondering if it is necessary to include a few more words in our index
descriptors.

When we refer to a published index, should we add: "including published
corrections", or is this obvious enough?

I'm thinking that if there is an error in the index which is acknowledged as
such in the publication, then the error would be seen as something which
should be corrected if we ever went to court. I'm also thinking that we would
not want to apply this kind of language on a go-forward basis, as to have two
different treatments might prejudice our position (although the UK office
wishes to add this language on a go-forward)

Thoughts?

Dave


February 28, 2001
Notice No. 01-73

TO:
ALL COMEX DIVISION MEMBERS
ALL COMEX DIVISION MEMBER FIRMS
ALL COMEX DIVISION CLEARING MEMBERS

FROM:
Neal Wolkoff, Executive Vice President

SUBJECT:
William B. Meyer Warehouse ) New Haven, CT

The Exchange has been advised by William B. Meyer, a COMEX Licensed Warehouse
for Copper, that they have sold their facility located at 2 Poplar Street in
New Haven, Connecticut.  Therefore, this facility is no longer available for
the storage of copper deliverable against the COMEX Division Grade 1 Copper
Futures Contract.  There is no copper stored in this facility.

Pending approval by the NYMEX Executive Committee, NYMEX Board of Directors,
and the Commodity Futures Trading Commission, this facility will be delisted
from the list of COMEX Licensed Warehouses for Copper.

Should you have any questions or require any further information please
contact Albert J. Getz at 212-299-2608.

__________________________________________________
Please click on the link below to indicate you have received this
email.

"http://208.206.41.61/email/email_log.cfm?useremail=sara.shackleton@enron.com&
refdoc=(01-73)"

Note: If you click on the above line and nothing happens, please copy
the text between the quotes, open your internet browser,
paste it into the web site address and press Return.


Susan, I have been discussing with Shelley the creation of a new company for
us to hold capacity on other pipes. I would like for you to please work with
her in helping to create this opportunity. We can discuss it further when you
get back. Thanks.

 Steve
---------------------- Forwarded by Steven Harris/ET&S/Enron on 12/01/2000
03:10 PM ---------------------------

Shelley Corman
12/01/2000 01:21 PM
To: Steven Harris/ET&S/Enron@ENRON
cc:

Subject: Re: New Marketing Company

I'm not suggesting limiting the term.  Just recognize that NEWCO will have to
follow different rules for each of the 3 scenarios below:

30 days or Less - Can do above max rate, no need for bidding
30 days - 1 Year - Can do above max rate, all deals must be posted for bid
Greater than 1 Year - Deals limited by max. cost-based rate (unless the
company gets around it by selling delivered gas); all capacity release deals
of greater than 1 year Must Be Posted on the Pipeline EBB for Bid.


Attached is the cover motion for the section 206 white paper.  We will be
filing this tomorrow.  Please remember that due to the time zone, and the
time necessary for copying, etc., any comments should be made first thing
tomorrow morning.  Thanks.  Ron- please note a few minor edits in redline
/strikeout.
---------------------- Forwarded by Mary Hain/HOU/ECT on 10/17/2000 01:22 PM
---------------------------

	Enron Capital & Trade Resources Corp.

	From:  "Ronald Carroll" <rcarroll@bracepatt.com>
10/17/2000 01:10 PM

To: <mary.hain@enron.com>, <seabron.adamson@frontier-economics.com>
cc:
Subject: Revised Motion

Please review the attached and give me your comments ASAP.  I would like to
file tomorrow.  Seab: Please read carefully for economic content.

Mary: I incorporated your comments from last night along with the matters
that we discussed by phone yesterday.  However, I just received your fax and
wanted to get this moving since incorporating those edits would slow down the
process by several edits.  I'll take a look at your edits while you review
the attached.

Ron

 - 0132257.01


---------------------- Forwarded by Darron C Giron/HOU/ECT on 02/02/2001
01:51 PM ---------------------------

From:  Russell Diamond
     01/30/2001 09:42 AM

To: Larry Joe Hunter/HOU/ECT@ECT, Bob Bowen/HOU/ECT@ECT, Kim S
Theriot/HOU/ECT@ECT, Melinda Whalen/CAL/ECT@ECT, Dianne Seib/CAL/ECT@ECT,
Janie Aguayo/HOU/ECT@ECT, Derek Bailey/Corp/Enron@ENRON, Kevin
Meredith/Corp/Enron@ENRON, Ellen Wallumrod/NA/Enron@ENRON, Celeste
Cisneros/NA/Enron@Enron, Diane Anderson/NA/Enron@Enron, Tiffany
Williams/NA/Enron@Enron, Cindy Feldman/CAL/ECT@ECT, Patricia
Boulanger/CAL/ECT@ECT, Linda Sietzema/CAL/ECT@ECT, Sharon
Crawford/CAL/ECT@ECT, Debbie R Brackett/HOU/ECT@ECT, Tanya
Rohauer/HOU/ECT@ECT, Tom Moran/HOU/ECT@ECT, William S Bradford/HOU/ECT@ECT,
Russell Diamond/HOU/ECT@ECT, Lesli Campbell/HOU/ECT@ECT, Nidia
Mendoza/HOU/ECT@ECT, Jeffrey C Gossett/HOU/ECT@ECT, Kam Keiser/HOU/ECT@ECT,
David Baumbach/HOU/ECT@ECT, Errol McLaughlin/Corp/Enron@ENRON, Darron C
Giron/HOU/ECT@ECT, Walter Guidroz/NA/Enron@Enron, Leslie Reeves/HOU/ECT@ECT,
Veronica Gonzalez/HOU/ECT@ECT, Phillip M Love/HOU/ECT@ECT, Veronica
Espinoza/Corp/Enron@ENRON
cc:
Subject: Credit Report - 1/30/01

Counterparty      TAGG#  Comment
AEP Communications, Inc.   q00902.1  Rebook to AEP Energy Services, Inc.
Anadarko Energy Services Company  q02635.1  Rebook to Anardarko Petroleum
Corporation
Aquila Energy Gas Marketing   qO0107.1,qO0135.1 Rebook to Utilicorp United,
Inc.
Arizona Electric Power Cooperation  qO1746.1  Rebook to Arizona Public
Service Company
Bank of America N.A.    qO2878.1.2  Rebook to Bank of America, National
Association
Boardwalk Equities Inc.    qN9053.3  Pending Russell Diamond
Cook Inlet Region Inc.    qO1585.1  Rebook to Cook Inlet Energy Supply LLC
EOG Resources Marketing, Inc.   qO2581.1  Pending Rudwell Johnson
Interstate Gas Company    qO1554.2  Rebook to Interstate Gas Supply, Inc./
"Need L/C" language in confirm
Interstate Gas Supply, Inc.   qO1549.2  "Need L/C" language required in
Confirm
J Aron & Company (Singapore)    qO2464.1  Rebook to J Aron & Company
Long Beach, City of, Inc    qO2420.1  Pending Rudwell Johnson
Louis Dreyfus Natural Gas Holdings  qO0682.1  Rebook to Louis Dreyfus
Corporation
Markwest Hydrocarbons, Inc   qO2489.1  Penidng Russell Diamond
Metromedia Energy, Inc    qO0099.1,qO0142.1 Pending Rudwell Johnson
Midcoast Energy Resources, Inc.  qO1579.1,qO1581.1 Rebook to Midcoast
Marketing, Inc.  -New ISDA Executed
National Fuel Marketing Company  qO3208.1  Pending Brant Reves, Veronica
Espinoza
National Fuel Resources, Inc.   qO0648.1  Pending Jay Williams
New Counterparty    qO2519.1  Pending Russell Diamond
Newark Group Inc. The    qO3223.1  Pending Rudwell Johnson
PSNC Production Corporation Inc.  qO1462.1  Pending Darren Vanek
PanCanadian Energy Inc.   qO1735.1  Rebook to PanCanadian Energy Services,
Inc.
Premier Enterprises LLC   qO2599.1  Pending Brant Reves
Salt River Project Agriculture    qO233.1  Pending Jay Williams
Southern Company Energy Marketing  qO3294.1.2  Rebook to Mirant Americas
Energy Marketing LP
Tauber Petrochemical Co   q02876.1  Rebook to Tauber Oil Company
U.S. Brick Company    qO1584.1  Pending Brant Reves
USGT Resources, Inc.    qO0143.1  Rebook to USGT/Aquila LP
Unicom Energy Inc    q)0903.1  Pending Darren Vanek
Unocal Corporation    qO1049.1  Rebook to Union Oil Company of California
Williams Natural Gas Company   qO2919.1.2.3  Rebook to Williams Energy
Marketing & Trading


I'm in.  I'll be shredding 'till 11am so I should have plenty of time to make it.

DG

 -----Original Message-----
From: 	randy.g.kruger.jr@us.andersen.com@ENRON
Sent:	Tuesday, January 22, 2002 3:32 PM
To:	SSCHROED@us.ca-indosuez.com
Cc:	dgiron@enron.com; mikeshaw@andrews-kurth.com; todd.w.taylor@bakernet.com
Subject:	Re: Lunch 1/24/02

Count me in.  How about Ninfa's over by your office in the tunnels?

To:   dgiron@enron.com, Randy G. Kruger Jr.@ANDERSEN WO,
      mikeshaw@andrews-kurth.com, todd.w.taylor@bakernet.com
cc:
Date: 01/22/2002 10:18 AM
From: SSCHROED@us.ca-indosuez.com
Subject:  Lunch 1/24/02

Let me know if you can still make lunch this Thursday, 1/24/02.  If you
have suggestions for time & place, let me know that as well.

Schroeder

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Shirley,

Business, like Ehud Ronn's visit.

Vince

Shirley Crenshaw
06/29/2000 08:14 AM
To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: Re: Hello

Vince is this an interview or just a business meeting?

Vince J Kaminski
06/29/2000 08:13 AM
To: Shirley Crenshaw/HOU/ECT@ECT
cc: Vince J Kaminski/HOU/ECT@ECT, Stinson Gibner/HOU/ECT@ECT, Zimin
Lu/HOU/ECT@ECT, Alex Huang/Corp/Enron@ENRON, Pinnamaneni
Krishnarao/HOU/ECT@ECT, Grant Masson/HOU/ECT@ECT
Subject: Hello

Shirley,

Can you, please, call him and ask what would be best timing.
The last week of July would be best. I would like Grant, Alex, Zimin, Krishna
and Stinson
to meet him.

Vince

---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 06/29/2000
08:13 AM ---------------------------

Shijie Deng <deng@isye.gatech.edu> on 06/29/2000 12:00:37 AM
To: vkamins@enron.com
cc:
Subject: Hello

Hi Vince,

How are you.  It was really a pleasure meeting you and talking to you at
the Toronto energy derivative conference.  Thank you for speaking with
me about the possibility of visiting your research group.  It will be
great if I could have such opportunity whenever you see your schedule
fits.  I am very much open for the last week of July and early August.
I'm looking forward to hearing from you soon.

Best,

Shijie

Shi-Jie Deng
Assistant Professor
School of ISyE
Georgia Institute of Technology

Office Phone: (404) 894-6519
E-mail:       deng@isye.gatech.edu
Home page:    http://www.isye.gatech.edu/~deng


most bullish thing at this point is moving closer to everyone's
psychological $4 price target and that everybody and their dog is still
short.  next sellers need to be from producer community.  saw a little this
week with williams hedging the barrett transaction but wouldnt say thats
indicative of the rest of the e&p community.  short covering rallies will
get more common here.  velocity of move down has slowed significantly for
good (except maybe in bid week).  my concern is if we go to $4 and people
want to cover some shorts, who's selling it to them?  might feel a lot like
it did when we were trying to break $5.


fyi
----- Forwarded by Steven J Kean/NA/Enron on 02/09/2001 07:58 AM -----

	Ken Rice@ENRON COMMUNICATIONS
	02/08/2001 10:07 PM

		 To: Philippe A Bibi/HOU/ECT@ECT@ENRON
		 cc: Steven J Kean/NA/Enron@ENRON
		 Subject: Re: 363 numbering

I think it would be very cool also and I would be willing to help as long as
I don't have to spend any time or money.  The best source for this kind of
help would be Steve Kean and Mark Palmer.

	Philippe A Bibi@ECT
	02/08/2001 10:34 AM

		 To: Ken Rice/Enron Communications@Enron Communications
		 cc:
		 Subject: 363 numbering

Ken,

I mentionned to Jeff that it would be cool if we could have a 363 (ENE) area
code for Houston he thinks its a great idea.
We need to lobby do you have any desire to help?

I know that in the overall scheme of things this is really not important but
I think that this should be followed up.

Let me know what you think

Regards

P.

---------------------- Forwarded by Philippe A Bibi/HOU/ECT on 02/08/2001
10:36 AM ---------------------------
From: Martin Bucknell/ENRON@enronXgate on 02/08/2001 10:11 AM
To: Philippe A Bibi/HOU/ECT@ECT
cc: Tony Alvarado/ENRON@enronXgate, Jenny Rub/ENRON@enronXgate
Subject: 363 numbering

Philippe,

Here is an outline of the 363 numbering information we talked about, the
process is very complicated and may need us to set down with the senior
management to explain how it works and the implications, my suggestion is
that Ken Rice would be the best one to take it forward, as he understands the
market and has some profile as the head of a bandwidth / telecoms company

Tony Alvarado is the lead for this one, his extension is 37801 let me know
how you want to proceed


Colleen and I have been trying to figure out a date for dinner and I thought
it might be nice if we all had dinner together at our house next week
(Colleen and I will cook - don't be scared).  We figured out Thursday works
for us both, so I hope it works for all of you.  Scotty, I realize you might
not be at home until 8:30 or so, but that's ok.

OK??

Cameron Sellers
Vice President, Business Development
PERFECT
1860 Embarcadero Road - Suite 210
Palo Alto, CA 94303
cameron@perfect.com
650.798.3366 (direct dial)
650.269.3366 (cell)
650.858.1095 (fax)

-----Original Message-----
From:  Colleen Silva [mailto:Csilva@redsky.com]
Sent: Wednesday, May 09, 2001 12:00 PM
To: 'Cameron Sellers'
Subject: RE: hi baby girl

yes yes yes! next thursday is perfect, but not too expensive.... trying to
conserve money in case i get laid off, ouch ouch ouch, but a real
possibility, wow!


Sarah,

Unfortunately, I will be unable to attend as I have apreviously scheduled staff meeting.  Sorry for the confusion.

Scott Neal

 -----Original Message-----
From: 	Davis, Sarah A.
Sent:	Monday, October  15, 2001 2:01 PM
To:	Neal, Scott
Subject:	Focus Group
Importance:	High

REMINDER

Enron Vice President Focus Group
Tuesday, Sept. 16
4:00-5:00
EB16C1

Thanks for your participation!

Sarah A. Davis
Director of Resource Mgmt, WorkLife & Employee Relations
713/853-5328
Fax 713/646-8498
sarah.a.davis@enron.com


Can you please send your email addresses and fax numbers too.   (So I can
email you information)

Thank you.

   Maureen McVicker
   Steve Kean's Assistant

Joe Ronan <JoeR@calpine.com> on 05/15/2001 05:23:14 PM
To: "'skean@enron.com'" <skean@enron.com>
cc: James Macias <Jmacias@calpine.com>

Subject: Governor's Generator Phone calls

Steve--I am at 925-600-2085, and Jim Macias is at 925-600-2306. Thanks.