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May 8, 2001

Williams in Agreement to Acquire Barrett Resources

By Will McNamara
Director, Electric Industry Analysis

[IMAGE][IMAGE]

Barrett Resources Corporation (NYSE: BRR) announced that it has signed a
definitive merger agreement with The Williams Companies, Inc. (NYSE: WMB) for
Williams to acquire all outstanding shares of Barrett in a transaction valued
at approximately $2.8 billion, including the assumption of about $300 million
in debt. The terms of the merger agreement, which was approved by both
companies' boards of directors, provides for Williams to promptly commence a
first-step cash tender offer of $73.00 per share for 50 percent of the
outstanding Barrett common stock, followed by a second-step merger with a
fixed ratio of 1.767 shares of Williams common stock for each remaining share
of Barrett common stock. Based on Williams' closing price on May 4, 2001, the
stock portion of the transaction is valued at $73.63 per share. On this
basis, the transaction has a blended value of $73.32 per share.

Analysis: This is a major coup for Williams as it transforms the company into
a natural-gas transporter and producer, which should offer tremendous support
to its already hugely successful power trading operation. As the United
States continues to face a natural-gas shortage, Williams is wisely acquiring
assets that will guarantee it a steady flow of natural-gas supply, which the
company estimates will contribute to nearly 50 percent of its supply
obligations. Much like its competitor Calpine Corp., which recently acquired
natural-gas company Encal Energy, Williams is shrewdly reshaping its business
model to gain lucrative control over power supply, in addition to its
prominent positions as a power marketer and trader.

As has been widely publicized, Williams has secured the acquisition of
Barrett away from competing bidder Shell Oil Co., a unit of Anglo-Dutch
powerhouse Royal Dutch / Shell Group and the world's second-largest oil
company (behind Exxon Mobil). Shell had been aggressively pursuing Barrett in
a hostile takeover for months, and had increased its bidding offer to $60 a
share as late as last week. Barrett, a relatively small natural-gas operation
but one that owns valuable reserves in the Rocky Mountains, resisted Shell's
advances for reasons that are not completely known, and put itself back on
the market last week. Williams entered the picture and trumped Shell's
proposal, with an offer to pay $73 per share. Some financial analysts have
already claimed that Williams is overpaying for Barrett, as the $73 per share
purchase price represents about a 51-percent premium over the $45-a-share
price of Barrett's stock before Shell made its original offer in March. Shell
appears to agree that the price Williams is paying is too high. Once Williams
made its offer, Shell quickly bowed out of the bidding war, stating that
although it still wanted to partner with Barrett it was unwilling to pay an
excessive price for the company.

So what makes Barrett so appealing to Williams? Barrett, an independent
natural-gas and crude oil exploration and production company, is in the
business to locate and produce natural-gas supplies. As natural-gas supplies
have tightened, Barrett's profile in the industry has ascended, which peaked
Shell's original interest. Up to this point, Williams has primarily operated
as a trader and distributor, and therefore has been subject to the volatility
of the wholesale market and the scarcity of natural-gas supplies. By
controlling the commodity itself, Williams will not only have a guaranteed
flow of supply to fulfill its contracts, but also will have more flexibility
to sell its power in markets where it can charge the best price. Most of
Barrett's exploration efforts are concentrated around the Rocky Mountains
(Colorado, Wyoming and southeastern Kansas), which offers good proximity to
the power-starved and high-growth Western states. Further, Barrett represents
a strong company, with a market capitalization of $2.25 billion and P/E ratio
of 29.82 (compared to Williams' market capitalization of $19.7 billion and
P/E ratio of 16.70).

The benefit to Williams is clear. At the very least, the acquisition of
Barrett more than doubles Williams' natural-gas reserves. Presently, Williams
controls about 1.2 trillion cubic feet of natural gas (mostly in Colorado,
New Mexico and Wyoming) and has established a strong presence on the delivery
side of the natural-gas business. Williams produces about 15,000 MW of
electricity per year, but has established a goal of producing about 45,000 MW
within the next few years. Already this business model has paid off nicely
for Williams, which reported $912.4 million in marketing and trading revenue
for year-end 2000, more than doubling revenue from 1999. For 1Q 2001,
Williams' overall profit increased to $484.5 million, up from $77.8 million
in 1Q 2000.

The acquisition of Barrett provides Williams with about 2.1 trillion cubic
feet of gas reserves, which can be added to Williams' transportation and
trading operation. In other words, Williams will gain a secure stream of a
commodity that is currently in short supply and prone to red-hot prices. In
terms of reserves, Williams reportedly will become the tenth largest
natural-gas company in the United States. Further, as natural-gas supplies in
Texas and the Gulf of Mexico (traditionally good source locations) appear to
be diminishing, Williams gains assets in the Rocky Mountain region, where
natural-gas exploration is flourishing.

As noted, Calpine Corp. (NYSE: CPN)-which has a rather parallel business
model to Williams, at least on the trading side-also is leading the trend
toward natural-gas consolidation. Just last week, Calpine announced a
partnership with Kinder Morgan Energy Partners (NYSE: KMI) to jointly develop
the Sonoran Pipeline, a 1,160-mile high-pressure interstate natural-gas
pipeline from the San Juan Basin in northern New Mexico to markets in
California. This announcement followed Calpine's acquisition earlier this
year of Toronto's Encal Energy, whose assets currently produce approximately
230 million cubic feet of gas equivalent a day and can access about one
trillion cubic feet of proven and probable gas resources. Williams has a
similar project in Florida, where it has partnered with Duke Energy to
jointly purchase the Coastal Corporation's 100-percent interest in the
Gulfstream Natural Gas System project. The Gulfstream project is a proposed
744-mile steel pipeline designed specifically to deliver natural gas into
Florida.

As a side note, Shell's loss of Barrett must be particularly painful for the
international oil titan as it is the second failed acquisition that the
company has experienced within the past few weeks. Shell also lost a bid for
Australia's Woodside Petroleum, for which it offered $5.1 billion, when the
Australian government blocked the deal due to "national interest" concerns.
Shell certainly had the economic resources to make a higher bid for Barrett,
but the company has steadfastly maintained its principle of not making what
it deems as overpayments for prospective companies. In addition, Williams'
strong stock and strong profits value also supported the purchase of Barrett,
despite the fact that by comparison Williams is a much smaller company than
Shell Oil. For its part, Shell says that it will continue to seek other
acquisitions that "strengthen and diversify its assets portfolio outside its
existing core areas."

Williams stock fell about $3.52 (more than 8 percent) upon word of the
acquisition, which is not surprising since it is attempting to purchase a
larger company at a very high premium. Barrett shares jumped about $1.85 to
$69.15. As of mid-morning trading on May 8, Williams shares were priced at
$39.28, while Barrett shares were priced at $70.15.

In order to close the acquisition, Williams needs to receive approval from
antitrust regulators and shareholders. However, both companies remain
confident that they can close the acquisition in 60 to 90 days.  To protect
its stock, which apparently played a factor in its ability to support the
acquisition of Barrett, Williams reportedly is including a "break-up" fee in
the purchase contract, which would be applied in the event that Williams
eventually loses Barrett to another company or if the deal is not completed.

An archive list of previous IssueAlerts is available at
www.scientech.com

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Seattle sounds nice.  Haven't made it there myself.  Enjoy the trip.  If you
have time, I would love to get with you late next week to discuss my thoughts
about next steps for Joel's team.  --Sally

Also, when you are back, I would love to set up a meeting with you and some
of my direct reports so that we can get an update on IT priorities.  We are
addressing some issues that create operational risk that may require some
system enhancements to help us mitigate those risks, and we would like the
opportunity to share those with you in the context of priorities for systems
work.

From: Beth Perlman/ENRON@enronXgate on 02/02/2001 02:43 PM
To: Philippe A Bibi/HOU/ECT@ECT, Joe Wong/ENRON@enronXgate, Sally
Beck/HOU/ECT@ECT, John J Lavorato/ENRON@enronXgate, Jeffrey A
Shankman/HOU/ECT@ECT, Brenda F Herod/HOU/ECT@ECT, Brent A Price/HOU/ECT@ECT,
Jeffrey C Gossett/HOU/ECT@ECT, Bob M Hall/NA/Enron@Enron, Robert
Superty/HOU/ECT@ECT, Richard Burchfield/ENRON@enronXgate, Chris
Hanz/ENRON@enronXgate, Jeff Johnson/ENRON@enronXgate, Bryan
Powell/ENRON@enronXgate, Stephen Stock/ENRON@enronXgate, Tommy
Yanowski/ENRON@enronXgate
cc: Cherylene Westbrook/ENRON@enronXgate, Kendra Dromgoole/ENRON@enronXgate
Subject: Out of the Office

All,

I will be out of the office at a Microsoft CIO Summit in Seattle from Monday,
February 5 until Wednesday, February 7.  I will be back in the office
Thursday, February 8.  If you have a problem that requires immediate
assistance, please call Richard Burchfield at 3-7454.  I can be reached by
cell phone at 713-501-9622.

Beth


Which commodities does this impact?  Is it only concs?

Mike Jordan@ECT
07/27/2000 03:39 AM
To: Shona Wilson/NA/Enron@Enron
cc: Sally Beck/HOU/ECT@ECT, Brent A Price/HOU/ECT@ECT

Subject: MG : Russian Prepayment Exposure

Interesting information floating up from some detailed review work by Tim -
says a lot about the way MG do business I think.

RE NY we should ask the same questions - what prepayments exist ( Philip
Bacon seemed uncomfortable with the need for a DASH for each prepayment on a
contract ) add to this the absence of credit people in NY and we may have
some issues - although Marcelo and others stressed the fact that Concentrates
appeared to move no product without a letter of credit, which was then often
discounted to realise cash!!

Shona we should also discuss the legal contract issue - another comment
yesterday from Philip was that each of his concentrates contracts were
'unique' - whilst I can accept that each may be tailored to customer
preferences - they still need to be CACSed - we should look at the
enforceability/legal risk here.

Whilst information prepayment risk for Metals should come from London -
accessing any relevent inofrmation from NY may be helpful

Will call later !
---------------------- Forwarded by Mike Jordan/LON/ECT on 27/07/2000 09:33
---------------------------

Tim Poullain-Patterson
26/07/2000 21:53
To: Eric Gadd/LON/ECT@ECT, Goran Novakovic/LON/ECT@ECT, Robert
Quick/LON/ECT@ECT, David Hardy/LON/ECT@ECT, Mike Jordan/LON/ECT@ECT, Justin
Boyd/LON/ECT@ECT, Howard Carter/The Metal & Commodity Co Ltd/MGLTD@MGLTD
cc: Richard Sage/LON/ECT@ECT, Diana Higgins/LON/ECT@ECT, Fernley
Dyson/LON/ECT@ECT, Steve W Young/LON/ECT@ECT, Bjorn Hagelmann/HOU/ECT@ECT,
David P Tregar/MGLTD_London/MGLTD@MGLTD

Subject: MG : Russian Prepayment Exposure

The situation at present is as follows:

MG have nine open contracts with four counterparties sourcing mainly copper
from the Russian Federation on a prepayment basis

all contracts are on a floating price basis (LME less discount)

notional value of each contract is circa $0.5-3mm

prepayment is on a unsecured trade finance basis, for between 90-95% value
with balance on exchange of title evidenced by documents

The issues break down into three broad areas:

1) Commercial

At present Enron does not engage in prepayment activities with Russian
Federation counterparties.

No further prepayments are permitted until RAC have performed a DASH for this
activity. As this is likely to take several weeks Howard will liase with
Commercial to manage issues with existing prepayment counterparties arising
from this suspension. Howard and David Hardy will also take immediate steps
to manage down existing prepayment exposures.

2) Legal

Based on a cursory review of the confirmations by Robert, if we are to
continue this activity Legal need to instructed to perform a full review for
several reasons, including:

the confirmations contain ambiguous language concerning basic economic terms,
e.g. pricing date

they are light on the mechanics of the prepayments, and are generally not
constructed in an appropriate way for this type of activity.

"Conditions of Purchase" are attached to the confirmations which refer to
English Law, but as they are not always countersigned, under conflict rules
the closest or real connection may be deemed to be Russian law which, in the
absence of a properly executed agreement raises concerns about enforceability.

there are several "open" contracts with volumetric shortfalls where we are
beyond the delivery period, and which could be considered to have been
discharged by breach. Again the confirmation does not contain adequate
language.

3) Credit/Operational

There are no formal counterparty limits. Nor are prepayment and volumetric
exposures tracked on a contract by contract basis. This information is
necessarily to ensure transparency over contract performance, and needs to be
factored into the overall credit monitoring process.

David has requested this information from MG, and will follow up this one off
exercise by introducing a spreadsheet workaround to enable us to track
exposures based on the methodology developed for Helsinki.

Further work is required to quantify our exposures and to demonstrate that,
despite the issues identified with contractual terms, there is performance
against the contracts. David is pursuing this from a Credit perspective and
will report back to his group his findings by Friday latest.

The issues raised regarding contractual language suggest that we need to
accelerate a planned review of contract language for all MG's activities in
all jurisdictions. Mike and I will discuss bringing this review forward with
Justin.

Any questions, please call.

Regards,
Tim


John,

I think the crucial distinction is between recognition of risks and
elimination of
risks through hedges (as correctly pointed out  in other messages). Being
aware of risk
does not mean that one does not want to be compensated for it.

Now a few more detailed comments.

1. I think that illiquidity discount represents double counting when combined
with
a project finance discount rate. Illiquidity discount, in my view,
should be applied to financial options that trade in a market without
sufficient depth.
One should apply a haircut if liquidating  a position takes a long time. The
approach used in valuation
of the Turkish transaction is the same as approach used in valuation of
investments in physical
assets, which are by definition illiquid. This illiquidity  is recognized
through other aspects
of valuation technology used in RAROC.

If we apply an illiquidity correction in this case, we should be consistent
and use
this approach  across the board for all project finance type cases (not that
I recommend this course of action).

2. Valuation of an unheadgable options.

Let's look at it from the position of a seller of the option.

He cannot hedge a short call or put and Black-Scholes valuation becomes the
floor for
the valuation: the seller has to be compensated for taking a price risk (as
opposed to taking a vol
risk when he hedges). The issue of the compensation he will require becomes
fuzzy.
The option really becomes an insurance type product and pricing depends on
two factors:

1. risk preference
2. existing portfolio positions

Risk preference. Insurance companies typically require a payment that
consists of two parts:
expected loss + unexpected loss. The latter is typically defined as 1 to 2
standard deviations.
The number of  standard deviations depends on risk appetite and the ability
to absorb the loss.
I admit that it is a bit fuzzy, but this is the way the world works. We
looked into insurance pricing at the
request of Jere Overdyke. You can talk to Vasant Shanbhogue to find out more
about it.

Existing portfolio positions. An additional contract may increase or decrease
the risk of the overall portfolio.
I would expect the deal to provide some risk diversification, but it does not
look to me as a deal that reduces risk
(given all our positions in this region).

What are the practical implications? Pricing depends on risk appetite (the
utility function of a decision maker
in technical jargon) and becomes to some degree arbitrary.

If we are short an option embedded in a deal and the option cannot be hedged,
we should subtract from the value of the contract
the value of the option (that is greater than the Black - Scholes value).
If we don't price this option explicitly,
the valuation of a contract will be based on a discount rate with a risk
premium.

In the case of an option buyer, the situation is reversed. If he cannot
hedge, he should recognize the risk
of losing the value of his investment and apply a discount to the value of
the option.
How big is the discount? See the comments above.

In the special case, where hedging is possible and the Black-Scholes-Merton
paradigm applies, both values
will become equal (ignoring transaction costs). The values of an option form
the point of view of
a seller and a buyer will converge.

3. What happens in case we use simulation technology?

We can discount at the risk free rate along each scenario (each scenario will
recognize the downside and/or
upside at different points in time in different states of the world).
If we run a sufficient number of scenarios, we shall get a distribution of
NPV as of today.
Knowing this distribution means that we can estimate risk, but in most cases
we are still holding
it. The expected value should be, therefore, adjusted for risk. This is
equivalent to using a
discount rate with a risk premium.

I hope this helps. Please, call me with additional questions. Sorry for a
delay in responding
to this question. I ran my response by Stinson and Vasant, to make sure we
all agree.
It's a very complicated technical problem and the financial theory does not
have
good answers.

Vince


531817

broker has pacificorp power marketing


Pancanadian Petroleum - Wayne Harvey
Transcanada Gas Services - Brian Krumpka
Engage Energy Canada - Toby McKenna
Canadian Imperial Bank of Commerce - Alan Wright (not too sure about this one)


Steve knows I am pissed about this and in our Arcos meeting I brought up the
same point raised by Kay below.  Steve claims that the no cap on gov.
violations was rejected some time ago by GE mana. when Barnas presented to
them an update of the "end world hunger".  Steve also thinks that they had
told us previously about this change.  ( Is this true???)  I told him it was
news to me and that I would have thought that if true, then GE would have (a)
highlighted the changes on the draft contract and/or (b) added it to the list
of outstanding issues.

When asked to explain the rationale for changing their position on this
issue, Steve was unable to give an answer other than to say GE mana. had said
that they needed to cap their liability at the contract price for gov.
violations although they thought GE could live with no cap on FCPA violations.

	Kay Mann@ENRON
	05/18/2001 01:14 PM

		 To: John G Rigby/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
		 cc: Sheila Tweed/HOU/ECT@ECT@ENRON_DEVELOPMENT,
pthompson@akllp.com@ENRON_DEVELOPMENT, Roseann Engeldorf/Enron@EnronXGate,
Scott Dieball/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Bill
Williams/PDX/ECT@ECT@ENRON_DEVELOPMENT, John
Schwartzenburg/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
		 Subject: Re: Arcos- World Hunger- LOL fines carve out.

Did Steve S ask that it be added to the list?  I would let them bring it up
if he didn't.  We spent quite a bit of time and effort on the LOL clause, and
it was subject to lots of give and take.

Kay

John G Rigby@ENRON_DEVELOPMENT
05/18/2001 07:03 AM
To: Sheila Tweed/HOU/ECT@ECT, Kay Mann/Corp/Enron@ENRON, pthompson@akllp.com,
Roseann Engeldorf/Corp/Enron@ENRON
cc: Scott Dieball/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Bill
Williams/PDX/ECT@ECT, John Schwartzenburg/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT

Subject: Arcos- World Hunger- LOL fines carve out.

GE has informed us during the Arcos discussion that GE senior management has
directed that the GE deal team cannot agree to allowing GE indemnity
obligations related with government fines for failure to comply with law to
be exclude from the limit of liability.

This needs to be added to Pete T's World Hunger Punchlist of issues.

Enron Arcos deal team has not agreed to GE's position.


Torrey,

Attached are the options for the days that you requested.

Thanks,

Errol, X5-8274


TJae,

At your convenience (not necessarily today), could you provide my wife with
the addresses for the following people, please?  Her e-mail is
sturmt@yahoo.com.  Thanks, Fletch

John Lavorato
Dave Delainey
Kevin Presto
yourself
Rogers Herndon
Dana Davis
Rob Benson
Jeff King
Larry Valderama
Larry Jester
Matt Lorenz
Pete Makkai (sp?)
     names below are NatGas people
Airam Artega
Scott Neal
John Arnold
Phillip Allen
Mike Grigsby
Jeff Shankman

thanks again!


Sara and Marie,
Is there anything I can help facilitate on Monument Derivatives?
sg


Start Date: 3/4/01; HourAhead hour: 12;  No ancillary schedules awarded.  No
variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001030412.txt

---- Energy Import/Export Schedule ----
*** Final schedule not found for preferred schedule.
     Details:

  TRANS_TYPE: FINAL
  SC_ID: ECTRT
  MKT_TYPE: 2
  TRANS_DATE: 3/4/01
  TIE_POINT: PVERDE_5_DEVERS
  INTERCHG_ID: EPMI_CISO_SCOUT
  ENGY_TYPE: WHEEL
*** Final schedule not found for preferred schedule.
     Details:

  TRANS_TYPE: FINAL
  SC_ID: ECTRT
  MKT_TYPE: 2
  TRANS_DATE: 3/4/01
  TIE_POINT: SYLMAR_2_NOB
  INTERCHG_ID: EPMI_CISO_SCOUT
  ENGY_TYPE: WHEEL
*** Final schedule not found for preferred schedule.
     Details:

  TRANS_TYPE: FINAL
  SC_ID: ECTRT
  MKT_TYPE: 2
  TRANS_DATE: 3/4/01
  TIE_POINT: PVERDE_5_DEVERS
  INTERCHG_ID: EPMI_CISO_MAR4
  ENGY_TYPE: FIRM


Vince,

I reviewed all information available on the web site. There is a template
that shows what kind of data SwapsMonitor provides on commodities, but
unfortunately this template is a blank one and no example of the table given.
To receive any actual data we have to subscribe to their service ($200 -
single delivery, $300 - annual subscription).

Below is the template that given for commodity derivatives:

The data in this database is derived from audited financial statements,
regulatory filings, reports to shareholders.

I will be glad to write a summary report.

Sincerely,
Elena

Vince J Kaminski@ECT
10/12/2000 03:47 PM
To: Elena Chilkina/Corp/Enron@Enron
cc: Vince J Kaminski/HOU/ECT@ECT, Mike A Roberts/HOU/ECT@ECT

Subject: Swaps Monitor Research.

Elena,

Please, review the energy related info in this database (if any) and talk to
me
about it.

I would like to do some research in this area and ask you to write a summary
report.
Nothing urgent.

Vince

---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 10/12/2000
03:52 PM ---------------------------

Andrei Osonenko <andrei@swapsmonitor.com> on 10/11/2000 04:26:38 PM
To: (Recipient list suppressed)
cc:
Subject: Swaps Monitor Research.

We have today published information about the OTC derivative activities of
the largest Dutch dealers. This research is contained in the attached pdf
file.

Through our web site, SwapsMonitor.com, you can obtain additional information
about OTC derivatives dealers, including rankings and a database of
outstandings going back to 1994.

As an e-mail subscriber to our research, you will automatically receive all
free research at the same time it is placed on our web site. If you wish to
remove your name from the e-mailing list, please use the Reply feature of
your e-mail application and type the word "Remove" in the subject line.

Regards,

 - dutch_dealers.pdf
Andrei Osonenko
Research Department


A Conference call to discuss any comments we may want to make on the CPUC's Proposed Decision in the GIR Proceeding has been scheduled for Wednesday, Oct. 17, 2001 at 11:00 AM Houston/Omaha time and 9:00 AM California time.  The dial-in # is 1-877-795-3687 code: 350955.  In Houston, Conf. Rm. 1336 has been reserved for the call.


When: Thursday, October 25, 2001 4:15 PM-4:45 PM (GMT-06:00) Central Time (US & Canada).
Where: eb689b

*~*~*~*~*~*~*~*~*~*

Jennifer-initiate call to Richard Ring at ext. 4:15PM x33561


All,

We currently have 7 associates and 2 analysts yet to place in ENA.   These A&A are new hires and will be joining Enron in August.    Please advise me if you would like to see these resumes today.

Rgds,

Karen.
x54667


Attached are draft message points for California.  Note that the "what
happens to Sierra's California customers" discussion is weak, but based on
the facts.

I plan on distributing these in draft to Sierra for their comments by COB
today.  Please contact me with any comments ASAP.


---------------------- Forwarded by Robert Badeer/HOU/ECT on 07/03/2000 01:39
PM ---------------------------

06/30/2000 05:08 PM
Cooper Richey
Cooper Richey
Cooper Richey
06/30/2000 05:08 PM
06/30/2000 05:08 PM
To: David Parquet/SF/ECT@ECT
cc: Robert Badeer/HOU/ECT@ECT, Tim Belden/HOU/ECT@ECT
Subject: Price Cap Graphs

Dave,

Here is the next cut,

I've listed assumptions and added the regulation to the ancillary service
component


Anjam,

Thanks.

Vince

	Enron Capital & Trade Resources Corp. - Europe

	From:  Anjam Ahmad                           08/01/2000 08:22 AM

To: Vince J Kaminski/HOU/ECT@ECT
cc: Kyran Hanks/LON/ECT@ECT, Sadia Haider/LON/ECT@ECT, Margaret
Carson/Corp/Enron@ENRON
Subject: UK Gas Data

Hi Vince,

I only just got forwarded this request - I can deal with the UK Gas data
requirments.

Regards,

Anjam
x35383
---------------------- Forwarded by Kyran Hanks/LON/ECT on 01/08/2000 09:21
---------------------------

Margaret Carson@ENRON
31/07/2000 22:12
To: Vince J Kaminski/HOU/ECT@ECT
cc: Kyran Hanks/LON/ECT@ECT

Subject: Vince Does your group have a Monthly or a Quarterly price history in
nominal terms
for a US onshore Louisiana natural gas price (or a Texas wellhead price ) and
a UK landed beach price for the past 15 years? I am gathering historical data
for Jim O Hara for our Colombia pipeline in South America and these are among
the series of data they are seeking. They would like the data
from a published source in an electronic file if possible.. Their timetable
is by COB Weds this week. Thank you for your help. Margaret


Rick,

Here was the last analysis done in early October.  I do not believe the term curve has changed much in the last month, so it is still current.

Alan

 -----Original Message-----
From: 	Comnes, Alan
Sent:	Wednesday, October 03, 2001 10:47 AM
To:	Alonso, Tom; Alvarez, Ray; Badeer, Robert; Belden, Tim; Blair, Kit; Calger, Christopher F.; Choi, Paul; Dasovich, Jeff; Driscoll, Michael M.; Fischer, Mark; Foster, Chris H.; Gang, Lisa; Guzman, Mark; Hall, Steve C. (Legal); Heizenrader, Tim; Kaufman, Paul; Mainzer, Elliot; Mallory, Chris; Malowney, John; Mara, Susan; Motley, Matt; Perrino, Dave; Platter, Phillip; Rance, Susan; Rawson, Lester; Richter, Jeff; Rosman, Stewart; Savage, Gordon; Scholtes, Diana; Semperger, Cara; Stokley, Chris; Swain, Steve; Swerzbin, Mike; Symes, Kate; Walton, Steve; Williams III, Bill
Subject:	Mark to Market of DWR Contracts

Tim asked me to forward this to West Desk traders.  Prepared by Mo Elafandi and Heather Dunton, it showsw who's in the money with DWR at this point, based on executed contracts

Alan Comnes


1. Only send your timesheet if you have taken time off/rotation information
has changed. Sorry, we are no longer tracking overtime since you are salary
based. To all A/A Pool members: it is important that you let us know of any
time you have taken off. To those members who are sending time on to your
assistant, please make sure they forward that information on to the A/A
program. With the Roll Out of SAP, you have the ability to go on-line @
http://ehronline.enron.com/ and input your time. I will continue to email for
timesheets regardless if you go on-line. This is to let you know it is time
to input your time or fills out your timesheet.
2. If you have moved recently, please provide the following and indicate the
new changes when sending your timesheet.

NEW ROTATION:
Business Unit and Group:
Effective Date:
Location:
Extension:
Supervisor:
Supervisor's Location:
Supervisor's Extension:
Supervisor's Assistant:
Assistant's Location:
Assistant's Extension:
Co #
RC #

3. Quick reminder that you can pick up your check or past period check @ EB
1198 (if they are not already coming to your location/mail stop).

Thank You for Your Cooperation
RT


John,

Enron owns two GE 7EA turbines, which may be sold in a structure similiar to
the CA Development structure.  We would like to update the letter agreements
to address this possibility, and would appreciate K & S's assistance in that
regard.

The counterparties are not yet known, but I have heard Evista and Cayuga
mentioned.

If this sounds good to you, I will initiate the approval process for your
retention in this matter.

Thanks,

Kay
---------------------- Forwarded by Kay Mann/Corp/Enron on 01/05/2001 08:52
AM ---------------------------

	From:  Ben F Jacoby @ ECT                           01/04/2001 08:43 PM

Sent by: Ben Jacoby@ECT
To: Kay Mann/Corp/Enron@Enron
cc:

Subject: 7EA Deals

Kay:

As you know, I just love to pile on. I took what I think are the latest form
docs and made some changes to incorporate additional commercial terms I want
to go out with. Please review the attached clean and redline drafts. In the
interest of time, would it be OK for Caroline to review (I've really got
people chomping at the bit).

Thanks,

Ben


Join Clyde Drexler on eSpeak at ethink.enron.com, Wednesday, June 14 at 10
a.m. Houston time.  Clyde, an NBA legend, will conduct an "open mike" session
to answer whatever questions you have for him.

Are you at a remote location or can't make the event? Go into eSpeak now and
pre-submit your question(s) for Clyde to answer during the scheduled event.
We want to answer everyone's questions, but due to the high volume of
questions we anticipate on this session, it would be helpful if you can keep
your questions short and simple.  This will increase the opportunity for your
question to be answered.

eThink: Invest Your Mind


These were entered late.

Kerri Thompson@ENRON
02/15/2001 02:26 PM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: apb checkout

missing deals for jeff

buy ees
162.50
25 mw
sp15
march
off peak

sell merril lynch
262.50
25 mw
sp15
march
off peak

buy ees
119.95
25 mw
sp15
april
off peak

sell idaho
120.00
25 mw
sp15
april
off peak

thanks


My tickets are in the student section for the game - I have four.  I don't
know if you want to sit in the student section b/c you really won't be
sitting much - most of the students stand up the entire game.  So, if you
want to sit, we need to work on getting some seats in the alumni section.

Jason - if you and Donnita want to come, you can have my two extra seats in
the student section, assuming what I said above is correct.

Let me know


See attached.  Call in number via separate E-mail.
---------------------- Forwarded by Mary Hain/HOU/ECT on 11/21/2000 02:22 PM
---------------------------

Alan Comnes
11/21/2000 02:12 PM
To: Mary Hain/HOU/ECT@ECT
cc:
Subject: latest affidavit


Please print attachment and make sure that e:mail addresses are included for
the students.  Call Ted if any problems.  Thanks. We will need this to send
invitations to students and Ted (plus some Enron folks) to a tour of Enron
Field and dinner on January 31.  Let's talk about arranging details.  thanks.
---------------------- Forwarded by Sally Beck/HOU/ECT on 01/12/2001 10:16 PM
---------------------------

"Jacobs, Ted K" <tjacobs@ou.edu> on 01/12/2001 11:33:51 AM
To: "'Sally Beck'" <Sally.Beck@enron.com>
cc:
Subject: Forgot the Attachment

Sally,

I forgot to attach the list of students coming to NAPE.

Let me know if you have trouble opening it.

Have a good weekend.

Ted K. Jacobs
Director of Energy Management
The University of Oklahoma
307 West Brooks Room 218
Norman, OK 73019-4007
(405) 325-0758
(405) 325-2096 fax
E-mail: tjacobs@ou.edu
Website: www.ou.edu/business/em

 - C.DTF


Kate, I think Tom Alonso entered this trade under the wrong counterparty. I
think it should be FPL Energy Power Marketing instead of Florida Power and
Light. I received a confirm from FPL Energy Marketing for this trade. Can you
as Tom and then change in system if I am correct.

Thanks for your help!


great thanks

Chris.Germany@enron.com on 04/04/2000 04:43:04 PM
Please respond to Chris.Germany@enron.com

To: Jeffrey Porter/CES/ColumbiaGas@COLUMBIAGAS
cc:
Subject: Re: TCO Capacity to COH

Secondary non-recallable, you can use $.14 year round

OR

$.05 for Apr-Oct which is probably a little high and $.15 for the winter.

The non-recallable factor is the hard thing to figure in.

jporte1@columbiaenergygroup.com on 04/04/2000 02:41:03 PM

To:   " - *Chris.Germany@enron.com" <Chris.Germany@enron.com>
cc:   " - *Perrone, Brian" <bperron@columbiaenergygroup.com>
Subject:  TCO Capacity to COH

Can you help me with capacity prices on TCO to put in our pricing models?
I
need Apr-Oct '00 and Nov-Mar for deliveries to COH. assume 10,000/d of
secondary for summer and 20,000/d for winter. Please call if you have
questions.


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 09/08/2000
05:44 PM ---------------------------

Youyi Feng@ENRON
09/08/2000 05:18 PM
To: Vince J Kaminski/HOU/ECT@EC
cc:
Subject: Re: your mail

Dear Vince,

      The following message is from co-PI, Prof. Baichun Xiao in Long Island
University.
In this message, he told me how Enron would be registered. To my best
knowledge,
IBM, Lucent and other big companies have registered in NSF for long.
Your kindly understanding is acknowledged very much.

     Good weekend,

Youyi
---------------------- Forwarded by Youyi Feng/NA/Enron on 09/08/2000 03:08
PM ---------------------------

Baichun Xiao <bxiao@liu.edu> on 09/07/2000 09:39:38 AM
To: Youyi.Feng@enron.com
cc:

Subject: Re: your mail

Dear Youyi:

The person in charge of external grants in your company needs to contact
nsf by calling the following numbers for institution registration.

FastLane User Support: 1-800-673-6188.
FastLane Availability (Recording): 1-800-437-7408.

After enron is registered (I think it's a free registration), you provide
the following information to the enron official so he/she will send it to nsf.
NSF will assign you a password for future access to electronic submission
(called fastlane). Since all proposals have to be submitted through
fastlane after Oct. 1, 2000, this is the must.

Name
Highest Degree
Year Conferred
Present Institution
Department
Street Address
City
State
Zip Code
Social Security Number (SSN)
Email Address
Business Phone Number
Business Fax Number

For more information, you may go to

www.fastlane.nsf.gov/fastlane.htm

Baichun
At 05:14 PM 9/6/00 -0500, you wrote:
>
>Dear Baichun,
>
>       I am having no idea about contacting NSF while the
>managing director of this research group has kindly agreed
>on doing anything he can to help us pursue fund rising.
>Please let me know how enron can put my profile into NSF's
>database officially.
>
>      The first four pages of the project application have been revised by
>me. I do not
>really know if you like the revision. Appended is the primary
>and description of the project document files.
>
>Best regards,
>
>
>Youyi
>
>(See attached file: Project Summary.doc)(See attached file: Project
>Description.doc)
>Attachment Converted: "c:\bcx\res\eudora\attach\Project Summary.doc"
>
>Attachment Converted: "c:\bcx\res\eudora\attach\Project Description.doc"
>


Long term deals that are not going to AEP should be booked as ENA - IM
Lonestar.

Dave


request_number:  DS-PP:010
firstname:  Peter
lastname:  Richardson
e-mail:  peter@richardsonandoleary.com
exhibit_wp-02-e-:  JCG-01 and -02
page_numbers:
request_text:  Please disclose and/or produce copies of any and all
communications, from October 16, 2001 to the present, between any BPA
representative and any representative of any other party, concerning any of
the following subjects:

a. The general structure of the Cost Recovery Adjustment Clauses (CRACs)
described in the testimony of the Joint Customers;

b. Any differences between the form of the CRACs described in the testimony
of the Joint Customers and the CRACs contained in BPA's Amended Proposal, or
those contained in BPA's Supplemental Proposal;

c. The detailed mechanics of implementing the CRACs described in the
testimony of the Joint Customers;

d. Revenue effects of the CRACs described in the testimony of the Joint
Customers, any modifications; or

e. Any aspect of the Partial Stipulation and Settlement Agreement and the
Parties' Proposal attached thereto.

For purposes of this Request, "disclose and/or produce" has the meanings
described below. With respect to oral communications, "disclose and/or
produce" means to describe the time, date, approximate duration, and
substantive content of the communication; the identity and organizational
affiliation of the communicating individuals; whether the communication
occurred in person or by telephone; the location of the communication if in
person; the identity of any witnesses to the communications, including all
individuals in the room if the communication occurred by speakerphone; and
whether the communication was made in the presence of or after coordination
with BPA counsel (if so, identify such counsel). For purposes of this
Request, you need not "disclose and/or produce" oral communications that
occurred during meetings noticed in compliance with Rate Case Rule 1010.7(d).

With respect to written communications, the Request includes communications
in any recorded form, whether on paper, electronic (including, without
limitation, e-mails), or whatever form. For such communications, "disclose
and/or produce" means to provide copies of all non-identical versions of any
written communications and to describe with particularity the location where
such communications were found and/or stored, including the identity of the
individual with possession or control of the written communications; to
describe with particularity the circumstances under which they were generated
or referred to; and to fully "disclose and/or produce" any oral
communications made in connection with the written communications consistent
with the preceding paragraph. For purposes of this Request, you need not
produce papers served on all parties to the rate case and made part of the
official file in the rate case.

response_text:  The Public Power Council (PPC) objects to this Data Request
on the grounds that it (i) seeks information that is not relevant; (ii) seeks
information that is privileged; and (iii) seeks information that is unduly
burdensome to produce. Rules of Procedure Governing Rate Hearings, Section
1010.8(b). PPC further objects to this Data Request on the grounds that it is
in improper form as it does not cite to specific testimony or indicate the
specific use to which the information sought will be put. Special Rules of
Practice, WP-02-01. Without waiving the foregoing objections, PPC responds as
follows:

Please see attached.

The following information is from the web server:
1.  Logon: IUSR_GRANITE
2.  Remote Host:  dsl226.usw-1-224.pacifier.com
3.  Remote IP Address:  207.202.224.226
4.  Form URL:
https://secure.bpa.gov/power/secure/psp/ratecase/discovery/wp_02_response.html
5.  Browser Client:  Mozilla/4.76 [en] (Win95; U)


Greetings folks:
Here is the "solutions" piece that went in Ken Lay's briefing packet.  Copies
of the full packet will be distributed ASAP.
Best,
Jeff


Can't wait to see you.

I think its a good choice.


---------------------- Forwarded by Judy Hernandez/HOU/ECT on 10/05/2000
02:21 PM ---------------------------

"SOCORRO HERNANDEZ" <SUHERNAN@LLGM.COM> on 10/05/2000 12:33:36 PM
To: <Judy.Hernandez@enron.com>, <smanzanales@jw.com>, <Maria.Soliz@ppfa.org>,
<bandama@ssa.co.orange.ca.us>, <maryloulou@yahoo.com>
cc:
Subject: Fwd: Kids on the Internet

Content-Transfer-Encoding: quoted-printable
Date: Thu, 05 Oct 2000 11:06:04 -0400
From: "MICHAEL SODOLAK" <MSODOLAK@LLGM.COM>
To: <AGUEVARA@LLGM.COM>,"ANDREW KEITH DAW" <AKDAW@LLGM.COM>,
<BMONTE@LLGM.COM>, <CLBROWN@LLGM.COM>, <CMARTINE@LLGM.COM>, "DORIS RODRIGUEZ"
<DRODRIGU@LLGM.COM>, <HNORMAN@LLGM.COM>, <JVEGA@LLGM.COM>,
<KMADDREY@LLGM.COM>, <KMOORE@LLGM.COM>, <KROBERTS@LLGM.COM>,
<MSODOLAK@LLGM.COM>, <MTHOMPSO@LLGM.COM>, <RWJONES@LLGM.COM>,
<SARRIAGA@LLGM.COM>, <SBARKER@LLGM.COM>, <SUHERNAN@LLGM.COM>,
<THARE@LLGM.COM>, <VFARRELL@LLGM.COM>
Subject: Kids on the Internet
Mime-Version: 1.0
Content-Type: text/plain; charset=US-ASCII
Content-Disposition: inline

True Story - many of you probably already know about the pitfalls, traps, and
predators on the internet, but this is something to consider for your
children and families.  This story is something those of you with children
who are home alone and/or enjoy chat rooms, talk groups, buddy lists etc
should be aware of.  Share this with others you think would benefit.  Thanks.

>> Shannon could hear the footsteps behind her as she
>> walked toward home.  The thought of being followed
>> made her heart beat faster.  "You're being silly," she
>> told herself, "no one is following you."  To be safe,
>> she began to walk faster, but the footsteps kept up
>> with her pace.  She was afraid to look back and she
>> was glad she was almost home.
>>
>> Shannon said a quick prayer, "God please get me
>> home safe."  She saw the porch light burning and
>> ran the rest of the way to her house. Once  inside,
>> she leaned against the door for a moment, relieved
>> to be in the safety of her home. She glanced out the
>> window to see if anyone was there. The sidewalk
>> was empty. After tossing her books on the sofa, she
>> decided to grab a snack and get on-line.
>>
>> She logged on under her screen name ByAngel213.
>> She checked her Buddy List and saw GoTo123 was
>> on.  She sent him an instant message:
>>
>> ByAngel213: Hi I'm glad you are on!  I thought
>> someone was following me home today.  It was
>> really weird!
>>
>> GoTo123: LOL You watch too much TV.  Why
>> would someone be following you? Don't you live
>> in a safe neighborhood?
>>
>> ByAngel213: Of course I do.  LOL I guess it was my
>> imagination cuz' I didn't see anybody when I looked
>> out.
>>
>> GoTo123: Unless you gave your name out on-line.
>> You haven't done that have you?
>>
>> ByAngel213: Of course not.  I'm not stupid you know.
>>
>> GoTo123: Did you have a softball game after school
>> today?
>>
>> ByAngel213: Yes and we won!!
>>
>> GoTo123: That's great!  Who did you play?
>>
>> ByAngel213: We played the Hornets.  LOL.
>> Their uniforms are so gross!  They look like
>> bees. LOL
>>
>> GoTo123: What is your team called?
>>
>> ByAngel213: We are the Canton Cats.  We
>> have tiger paws on our uniforms.  They are really
>> kewl.
>>
>> GoTo123: Did you pitch?
>>
>> ByAngel213: No I play second base.  I got to go.  My
>> homework has to be done before my parents get
>> home.  I don't want them mad at me. Bye!
>>
>> GoTo123: Catch you later. Bye
>>
>> Meanwhile......
>> GoTo123 went to the member menu and began to
>> search for her profile. When it came up, he highlighted
>> it and printed it out. He took out a pen and began to
>> write down what he knew about Angel so far.
>>             Her name: Shannon
>>             Birthday: Jan. 3, 1985
>>             Age:13
>>             State where she lived: North Carolina
>>             Hobbies: softball, chorus, skating and
>>             going to the mall.
>>
>> Besides this information, he knew she lived in Canton
>> because she had just told him. He knew she stayed
>> by herself until 6:30 p.m. every afternoon until her
>> parents came home from work. He knew she played
>> softball on Thursday afternoons on the school team,
>> and the team was named the Canton Cats. Her
>> favorite number 7 was printed on her jersey. He knew
>> she was in the seventh grade at the Canton Junior
>> High School.  She had told him all this in the
>> conversations they had on-line. He had enough
>> information to find her now.
>>
>> Shannon didn't tell her parents about the incident on
>> the way home from the ball park that day. She didn't
>> want them to make a scene and stop her from walking
>> home from the softball games. Parents were always
>> overreacting and hers were the worst. It made her
>> wish she was not an only child. Maybe if she had
>> brothers and sisters, her parents wouldn't be so
>> overprotective.
>>
>> By Thursday, Shannon had forgotten about the
>> footsteps following her. Her game was in full swing
>> when suddenly she felt someone staring at her. It was
>> then that the memory came back. She glanced up
>> from her second base position to see a man watching
>> her closely. He was leaning against the fence behind
>> first base and he smiled when she looked at him. He
>> didn't look scary and she quickly dismissed the fear
>> she had felt.
>>
>> After the game, he sat on a bleacher while she talked
>> to the coach. She noticed his smile once again as
>> she walked past him.  He nodded and she smiled
>> back.  He noticed her name on the back of her shirt
>> He knew he had found her. Quietly, he walked a safe
>> distance behind her. It was only a few blocks to
>> Shannon's home, and once he saw where she lived
>> he quickly returned to the park to get his car. Now he
>> had to wait He decided to get a bite to eat until the
>> time came to go to Shannon's house.  He drove to a
>> fast food restaurant and sat there until time to make
>> his move.
>>
>> Shannon was in her room later that evening when she
>> heard voices in the living room. "Shannon, come
>> here," her father called.  He sounded upset and she
>> couldn't imagine why. She went into the room to see
>> the man from the ballpark sitting on the sofa.
>> "Sit down," her father began, "this man has just told
>> us a most interesting story about you." Shannon
>> moved cautiously to a chair across from the man
>> How could he tell her parents anything? She had
>> never seen him before today!  "Do you know who I
>> am Shannon?"  The man asked.
>>
>> "No," Shannon answered.
>>
>> "I am a police officer and your online friend, GoTo123."
>>
>> Shannon was stunned.  "That's impossible! GoTo is
>> a kid my age! He's 14 and he lives in Michigan!"
>>
>> The man smiled. "I know I told you all that, but it
>> wasn't true You see, Shannon, there are people on-
>> line who pretend to be kids; I was one of them.  But
>> while others do it to find kids and hurt them, I belong
>> to a group of parents who do it to protect kids from
>> predators. I came here to find you to teach you how
>> dangerous it is to give out too much information to
>> people on-line. You told me enough about yourself to
>> make it easy for me to find you. Your name, the
>> school you went to, the name of your ball team and
>> the position you played. The number and name on
>> your jersey just made finding you a breeze."
>>
>> Shannon was stunned.  "You mean you don't live in
>> Michigan?"
>>
>> He laughed. "No, I live in Raleigh. It made you feel safe
>> to think I was so far away, didn't it?"
>>
>> She nodded.
>>
>> "I had a friend whose daughter was like you. Only she
>> wasn't as lucky.  The guy found her and murdered her
>> while she was home alone. Kids are taught not to tell
>> anyone when they are alone, yet they do it all the time
>> on-line.  The wrong people trick you into giving out
>> information a little here and there on-line.  Before you
>> know it, you have told them enough for them to find
>> you without even realizing you have done it.  I hope
>> you've learned a lesson from this and won't do it again"
>>
>> "I won't," Shannon promised solemnly.
>>
>> "Will you tell others about this so they will be safe
>> too?"
>>
>> "It's a promise!"
>>


Per Mark's request, can we rename the headings on two charts with our gross
numbers to match my list:  "Net long or short position in all months
combined" should be the net of our aggregate position, and "Gross Long or
Short Position" should be our gross position on either side of the market,
with the positions not netted out.


FYI, a Master Firm Purchase/Sale Agreement for Crosstex Energy Services, Ltd.
is fully executed as of May 10, 2000, and routed  to Contract Administration
for  handling.

DP


Dear Randy,  Solar and wind power have long been used as renewable sources of energy.  On Wednesday, we'll have a report on an interesting alternative to these renewables.  ENL's Gale Smith will tell us about a Louisiana company that is using rice hulls to produce electricity.  Catch Gale's report from Houston tomorrow.   The Enron/Dynegy negotiations continue and Gale tells me the Houston bureau is keeping close tabs on all developments.   Standard & Poor's Ratings Services' David Hitchcock will talk to ENL's Kym McNicholas Wednesday about California's current credit rating.  The state is set to issue a proposed $12.5 billion in revenue bonds and Hitchcock will discuss whether renegotiating California's long-term power contracts could delay the process.     Kym will also speak with the Executive Director of the California Natural Gas Producers Association John Martini.  He'll address the unspecified threats to U.S. pipelines.  Watch for those details from the West Coast bureau on Wednesday.   We'll have an interview from the Chicago Mercantile Exchange on Wednesday.  Alaron Trading Vice President Phil Flynn will join us to discuss the API and DOE numbers and tell us what's going on with the brewing OPEC price war.  We'll hear from Flynn during the noon ET newscast tomorrow.    Closing Prices for Tuesday, Nov. 27, 2001    Crude: $19.48 +$0.79   Unleaded: $0.5381 +$0.0164   Heating Oil: $0.5394 +$0.0177   Natural Gas: $2.606 -$0.09   We'll have live coverage from Anchorage, Alaska on Thursday. Houston Correspondent Kim Benestante is covering "Alaska Resources 2002: Can Alaska Compete?"  Catch reports from Anchorage on Thursday.   Also on Thursday, ENL's Gale Smith will attend the Arctic Gas Symposium in Houston.  The symposium will address supplying the North American market and bring us a pipeline route update, among other topics.     Keep in mind things are subject to change at a moment's notice. Occasionally guests have to cancel or change time slots.  We'll continue to do our best to keep you updated on future interviews and events.     Be sure to watch our newscasts every business day - 9 a.m. to 5 p.m. ET, at the top of each hour.

	 	Jay Rickerts, EnergyNewsLive.com Anchor  View today's Energy Wrap Video Windows Media Player: 56K  |  100K  |  300K  Real Player: 56K  |  100K  |  300K  (Requires Windows Media Player or Real Player )   Experience all that Williams Energy News Live has to offer!   If you are receiving this letter for the first time and wish to continue, subscribe now    To stop receiving this letter, unsubscribe now    If you are having trouble receiving this e-mail, please let us know  or  call (800) WILLIAMS (800-945-5426) weekdays, 7am-7pm CST.    Comments? Suggestions? Let us  know  or  call (800) WILLIAMS (800-945-5426) weekdays, 7am-7pm CST.    Copyright 2001 Williams Energy News Live, LLC. All  Rights Reserved.


Tim

Please add bookrunners names beside the books on your P/L.


On December 15, 2000, EPSA, ELCON, Enron, Reliant and Dynegy filed a request
for FERC to hold a technical conference to focus the industry on
interregional coordination as prescribed in the RTO Order 2000 Function 8
requirements.  Enron et al were concerned that the RTO initiatives underway
were independently developing RTOs with little emphasis on coordination with
neighboring business practices.

At the May 30, 2001 FERC meeting, Chairman Hebert announced this FERC
technical conference may be scheduled as early as June.  This is a reversal
of the Chairman's earlier resistance to holding a technical conference when
he instead favored the RTO filing process to individually address
interregional coordination.

The key to the Chairman's change in direction can be attributed to Enron's
active participation on the Electronic Scheduling Collaborative (ESC) a
non-NERC industry collaborative effort formed to respond to the FERC ANOPR on
OASIS Phase II.

By working through a EPSA/ELCON joint filing in response to the ESC filing,
Enron was able to raise awareness of the seams coordination threats to OASIS
Phase II development and successfully sway the ESC to file in support of the
earlier EPSA/ELCON/Enron/Reliant/Dynegy Request for Technical Conference.

Govt Affairs will continue to monitor the development of the Technical
Conference and provide needed support to resolve inter-RTO seams issues.

Charles Yeung
Govt Affairs NA
713-853-0348


---------------------- Forwarded by Chris Germany/HOU/ECT on 09/29/2000 11:43
AM ---------------------------

	Enron Capital Management

	From:  Mark Breese                           09/29/2000 11:32 AM

To: Chris Germany/HOU/ECT@ECT
cc:
Subject:


We have received an executed First Amendment to Master Agreement, effective
as of March 12, 2001, between Mirant Americas Energy Marketing, LP (f/k/a
Southern Company Energy Marketing, LP) ("Mirant") and Enron North America
Corp. (f/k/a Enron Capital & Trade Resources Corp. and Enron Risk Management
Services Corp.) ("ENA"), which replaces the former names of both Mirant and
ENA with their current names and replaces Mirant's Guarantor, now Mirant
Corporation.

We have also received an executed Guarantee Agreement, effective as of March
13, 2001, from Mirant Corporation, which replaces the previous Guaranty from
Vastar Resources, Inc.

Copies will be distributed.

Stephanie Panus


Dan,

Ref. is made to yr e-mail today 30th re ETA Oman.

Have just received following from the Superintendent, Nils Reite:
++
Just to give you a brief update on the progressing repair work at the sunny
Algeciras roads.

- External assistance team:
  * One service engineer from Turbo Technik for the manoeuvre valve
  * Two technicians from NorPol Marine Service to assist above
  * Three pipe fitters from NorPol Marine Services to assist the Ch.eng.

- All repair work progressing nicely. As for the ahead steam control valve we
  have found an external linkage shaft to be the reason for the problem. This
  is now being extracted and will be polished and refitted.

- We are aiming for completion on 2001-05-01 late evening and sailing on
  2001-05-02 early morning.

brgds/NBR
++
This was good news and it seems that we can follow our schedule. Will revert
tomorrow with an update.

Best regards
Kjell
Hoegh LNG


Note that you must also get Wei Hu to set it up so that it will accept the spreadsheet - he will need a name that you will use - an example is CAND_ED10122001.xls


Please find attached Credit's EOL responses for 12/15.

Regards
Molly


Hello Team,

The FOEX US pix paper index for newsprint is down  $6.22 from $530.87 last week to $524.65 this week.  The decline continues...

PPPC released its September Flash report for newsprint.  Please find the Flash report notes below and the September numbers attached in the file below:

Production at North American mills was 15.6% lower than in September of last year, resulting in an 82% operating rate. If we exclude the 130,000 tonnes of idled capacity at the Steilacoom WA mill, the North American operating rate would be 83%.

Total North American newsprint shipments were down 15.4% year-over-year in September, largely the result of North American demand falling off by 15%. This drop in demand can be explained in part by consumers reducing their stock levels in September 2001. This explains why consumption figures registered a lower year-over-year decrease for the current month.

Shipments to overseas markets also suffered a decline, dropping almost 17% compared to the same month last year, as North American deliveries to Western Europe fell 41%.

At the end of  September, North American mills saw their inventories decrease by 28,000 tonnes from the preceding month to 477,000 tonnes, and therefore back below their historical average.

US dailies consumed 9.1% less newsprint than in September 2000, and total consumption in the US was down 9%. Many publishers reported a substantial increase in newsprint usage to cover the September 11th tragedy (additional sections, increased single-copy sales), especially in the week that immediately followed it. However, the increase in consumption seems in effect to have been offset by the wave of advertising cancellations in the aftermath of the attack. At the end of the month, US dailies stock levels were 84,000 tonnes lower than the preceding month. Thus US dailies stocks fell from 43 days of supply at the end of August to 38 days of supply at the end September.

Ayesha


----- Forwarded by Jeff Dasovich/NA/Enron on 01/31/2001 04:25 PM -----

	Scott Govenar <sgovenar@govadv.com>
	01/31/2001 09:23 AM

		 To: Hedy Govenar <hgovenar@govadv.com>, Mike Day <MDay@GMSSR.com>, Bev
Hansen <bhansen@lhom.com>, Jeff Dasovich <jdasovic@enron.com>, Susan J Mara
<smara@enron.com>, Joseph Alamo <JAlamo@enron.com>, Paul Kaufman
<paul.kaufman@enron.com>, David Parquet <David.Parquet@enron.com>, Rick
Johnson <rick.johnson@enron.com>, Marcie Milner <mmilner@enron.com>, Sandra
McCubbin <Sandra.McCubbin@enron.com>, Tim Belden <Tim.Belden@enron.com>, Rick
Shapiro <rshapiro@enron.com>, Jim Steffes <james.d.steffes@enron.com>, Alan
Comnes <acomnes@enron.com>, Chris Calger <ccalger@enron.com>, Mary Hain
<mary.hain@enron.com>, Joe Hartsoe <Joe.Hartsoe@enron.com>, Donna Fulton
<Donna.Fulton@enron.com>, Steven Kean <Steven.J.Kean@enron.com>, Karen Denne
<kdenne@enron.com>, Beverly Aden <beverly.aden@enron.com>, Bill Votaw
<bill.votaw@enron.com>, Carol Moffett <carol.moffett@enron.com>, Debora
Whitehead <debora.whitehead@enron.com>, Dennis Benevides
<dennis.benevides@enron.com>, Don Black <don.black@enron.com>, Dorothy
Youngblood <dorothy.youngblood@enron.com>, "dblack@enron.com"
<dblack@enron.com>, "emelvin@enron.com" <emelvin@enron.com>,
"ehughes2@enron.com" <ehughes2@enron.com>, "gweiss@enron.com"
<gweiss@enron.com>, "gsavage@enron.com" <gsavage@enron.com>,
"Harry.Kingerski@enron.com" <Harry.Kingerski@enron.com>, "kgustafs@enron.com"
<kgustafs@enron.com>, "msmith1@enron.com" <msmith1@enron.com>,
"ryang@enron.com" <ryang@enron.com>, "sgahn@enron.com" <sgahn@enron.com>,
"vsharp@enron.com" <vsharp@enron.com>, "wcurry@enron.com" <wcurry@enron.com>,
"William.S.Bradford@enron.com" <William.S.Bradford@enron.com>
		 cc:
		 Subject: ABX 1

ABX 1 passed out of the Senate Appropriations Committee moments ago on a
vote of 7-2.  The bill received no Republican votes.  I have attached
the amended version of the bill for your review.  The bill will be taken
up on the Senate floor shortly, then will go back to the Assembly for
concurrence this afternoon.

http://info.sen.ca.gov/pub/bill/asm/ab_0001-0050/abx1_1_bill_20010130_amended_
sen.pdf


---------------------- Forwarded by Mary Hain/HOU/ECT on 01/30/2001 08:52 AM
---------------------------

Tracy Ngo
01/30/2001 08:37 AM
To: Elizabeth Sager/HOU/ECT@ECT, Shari Stack/HOU/ECT@ECT, Mary
Hain/HOU/ECT@ECT, Alan Comnes/PDX/ECT@ECT
cc:
Subject: FW: Notification to PX Participants

---------------------- Forwarded by Tracy Ngo/PDX/ECT on 01/30/2001 08:43 AM
---------------------------

Tracy Ngo
01/29/2001 04:39 PM
To: William S Bradford/HOU/ECT@ECT, Edward Sacks/Corp/Enron@Enron, Wendy
Conwell/NA/Enron@ENRON, Christian Yoder/HOU/ECT@ECT, Steve C
Hall/PDX/ECT@ECT, Tim Belden/HOU/ECT@ECT, Richard B Sanders/HOU/ECT@ECT
cc:

Subject: FW: Notification to PX Participants

fyi.
?
?

Participants:

Last Friday, January 26th, the Special and Correcting  Invoices for the
Southern
California Edison  (SCE) default were due and there were some Participants
who
failed to comply with Schedule 2. Section 4.3.2. of the PX  Tariff which
states,
"All payments by  the PX Participants shall be made to the PX Clearing
Account
via the Fedwire System for funds to be received at the PX  Clearing Account
no
later than noon PPT on  the Payment Due Date."

Additionally, Schedule 2, Section 5.5 of the PX  Tariff requires the PX to
identify such  Participants to all other affected PX Participants by the most
expeditious means available.? In accordance with Section  5.5, here is a list
of
PX Participants not in  compliance with Section 4.3.2. for the SCE default:

?? American Electric Power Service  Corporation
?? Arizona Public  Service
?? Los Angeles Department  of Water and Power
?? Pacific Gas  & Electric
?? Sacramento  Municipal Utility District
?? Salt  River Project

Each PX Participant's pro-rata portion of the  shortfall from the
Participants
mentioned  above will be communicated to them individually in the next couple
of
days.? If you should have questions, please  call Clark Cheng at 626-537-3243
or
Chris  Anderson at 626-537-3377.

Thank You.


We are launching a number of committees to perform key functions across
Enron.  Enron,s breadth of activities and nonhierarchal organization make it
increasingly necessary to broaden the participation of Enron,s next
generation of leadership in the important decisions affecting the company.
Broadening participation will result in increased access to information as
decisions are made and will allow committee members to extend their working
relationships and influence throughout the company.

The committee charters and memberships are set forth below.  Not everyone
listed has been contacted in advance.  We urge you to serve if at all
possible, but, if you cannot, please contact the committee chair.

VP PRC

The VP PRC will continue to be responsible for evaluating the performance of
Enron,s Vice Presidents, determining promotions to Vice President, and
recommending promotions to Managing Director.  Additionally, the VP PRC will
review and propose changes to the PRC process, the performance evaluation
criteria and the promotion criteria.

The VP PRC will be chaired by Dave Delainey and its membership is as follows:

Tim Belden	Ben Glisan	Danny McCarty
Michael Brown	Joe Gold	Jeff McMahon
Rick Buy	Mark Haedicke	Rob Milnthorp
Wes Colwell	Jim Hughes	Matthew Scrimshaw
David Cox	Louise Kitchen	Jeff Shankman
Janet Dietrich	Michael Kopper	Richard Shapiro
Dave Duran	John Lavorato	Marty Sunde
Jim Fallon	Dan Leff

Analyst/Associate PRC

The analyst/associate PRC will be divided into 3 groups.  Enron Europe will
have the same committee evaluate analysts and associates.  This group will be
chaired by John Sherriff and its membership is as follows:

Pierre Aury	Kevin Heffron	Andreas Radmacher
Rob Bayley	Joe Hirl	Stuart Rexrode
Paul Chivers	Chris Mahoney	Marcello Romano
Markus Fiala	Christopher McKey	Bjarne Schieldrop
David Gallagher	Roy Poyntz	Ron Slimp
Bruce Garner	Paul Quilkey	Rob Stewart

The associate PRC for the Americas will be chaired by Stan Horton and its
membership is as follows:

Sally Beck 	Troy Henry	Kevin Presto
Jeremy Blachman	Sean Holmes 	Brad Richter
Don Black	Sean Long 	Stewart Seeligson
Dan Castagnola 	Rodney Malcolm	Hunter Shively
Joe Deffner	Scott Neal 	Jim Steffes
Kevin Garland	John Nowlan 	Andy Zipper
David Gorte	Ozzie Pagan

The analyst PRC for the Americas will be chaired by Steve Kean and its
membership is as follows:

Federico Cerisoli 	Mark Jackson 	Everett Plante
Jennifer Fraser 	Ben Jacoby 	Paul Racicot
Derrick Davies	Steve Jernigan 	Angela Schwarz
Scott Gahn 	Jay Lewis 	Ed Smida
Rod Hayslett	Cheryl Lipshutz 	Jon Thomsen
Rogers Herndon 	Michael Mann	Emilio Vicens
Brenda Herod 	Ed McMichael 	Frank Vickers
Kevin Howard 	Steve Meyers

Analyst/Associate Program

The most essential determinant of Enron,s continued growth is our ability to
attract and develop new talent.  The analyst/associate program has been the
biggest contributor to our success in this area.  Charlene Jackson, currently
leading our analyst/associate program, has taken a commercial position in
EES, account management organization.  We thank Charlene for her hard work
and many contributions to the program.  Going forward, this program will be
administered by a committee chaired by John Sherriff, CEO of Enron Europe.
The members of this committee are listed below.  Billy Lemmons, currently
Vice President of Enron Global Markets, will lead the day-to-day operations
of the program. Billy joined Enron in 1992, and has served in a variety of
commercial capacities across the company and has been an active participant
in the Associate /Analyst program.  Please join us in congratulating Billy on
his new responsibilities.

Phillip Allen	Andy Fastow	Eric Shaw
Robina Barker-Bennett	Kevin Garland	Hunter Shively
Rick Causey	Ken Rice	Stu Staley
Joe Deffner

Culture

We are combining the vision and values, diversity and corporate
responsibility committees into a single corporate culture committee chaired
by Ken Lay.  Cindy Olson, Beth Tilney and Kelly Kimberly will serve as
executive directors of this committee.  This committee will focus on
leadership and work-life issues (making it easier to attract and retain the
best talent), in addition to continuing the work of the vision and values,
diversity and corporate responsibility task forces.  The members of this
committee are as follows:

Greg Adams	Louise Kitchen	Mark Palmer
Shelley Corman	Michael Kopper	Paula Rieker
Janet Dietrich	Richard Lewis	Jeff Shankman
Jeff Donahue	Sean Long	Mitch Taylor
Gene Humphrey	Dan McCarty	Mike Terraso
Robert Jones	Jean Mrha

The Corporate Policy Committee will conduct the MD PRC and review the
recommendations of the other committees, giving substantial deference to the
decisions of those other committees.  We will be forming other committees to
deal with other significant functions, tasks and issues facing the company.


Soussan,

Let's meet at Westin Oaks next to the reception around 6:30 p.m. Thursday.
There are several nice restaurants within a walking distance to the Galleria.
I shall make a reservation (is Italian or a steakhouse OK?).

You can reach me on Thursday at my cell phone 713 410 5396.

Look forward to meeting you.

Vince

"Faiz, Soussan" <faizs@texaco.com> on 11/27/2000 04:37:30 PM
To: "'Vince.J.Kaminski@enron.com'" <Vince.J.Kaminski@enron.com>
cc:
Subject: RE: Houston visit

Great!  I look forward to our dinner on Thurs. 12/7 evening.  Hopefully your
flight will be on time... although having watched 60 minutes last night and
suffered from a # of delays lately, let's hope that the "weather blame"
doesn't get in the way.  It's best to leave me a message @ my usual work #
on Thurs., 914 253 4187, ... I can easily check it in Houston.

I'll be staying @ the Westin Oaks in The Galleria... any preferred place
that I can book (& for what time)??  Coming over to down town won't be a
problem for me either.

Will be great to see you again.
Soussan
914 253 4187

 -----Original Message-----
From:  Vince.J.Kaminski@enron.com [mailto:Vince.J.Kaminski@enron.com]
Sent: Monday, November 27, 2000 12:10 PM
To: faizs@texaco.com
Cc: Vince.J.Kaminski@enron.com
Subject: Re: Houston visit

Soussan,

Thanks for your message. It would be great to meet you when you come to
Houston.
 I shall be in town on December 7,  flying back from Philly in the morning.
Assuming that the flight is on schedule, I shall be available for dinner.
Please, let me know how I can contact you on Thursday, December the 7th,
to confirm.

Look forward to meeting you.

Vince

"Faiz, Soussan" <faizs@texaco.com> on 11/26/2000 09:04:01 PM

To:   "'Vince.J.Kaminski@enron.com'" <Vince.J.Kaminski@enron.com>
cc:
Subject:  Houston visit

Dear Vince,

Greetings from NY and hope that all is well and you had a great
Thanksgiving.  I'll be coming to Houston for 12/6-12/7 and hope you are
available either evening for dinner.  Would be great to see you again and
catch up with the latest... I really enjoyed my visit last April, your
insights, and the risk book you gave me.

I do hope you're available to meet and pls let me know which evening suits
you better.

Best,
Soussan Faiz
Texaco Inc.
914 253 4187


FYI.
----- Forwarded by James D Steffes/NA/Enron on 03/28/2001 04:17 PM -----

	Tracy Ngo@ECT
	03/28/2001 03:39 PM

		 To: Vladimir Gorny/Enron@EnronXGate, Frank Hayden/Enron@EnronXGate,
Elizabeth Sager/HOU/ECT@ECT, James D Steffes/NA/Enron@Enron
		 cc: William S Bradford/Enron@EnronXGate
		 Subject: Delay in circulating DWR Dash

Given the status of Phase I of DWR possibly being extended to the end of
April, we will not be circulating a DASH at this time for the five-year DWR
swaption.  Will advise at a later date of any developments.

Thanks all for your help for now.

Regards,
Tracy


Thanks again for your help, advice and Cristina's phone #.  We'll see where
it goes from here.  But I'm shocked.  I called Cristina, and NO answering
machine.  I didn't think that happened anymore.  Any way of leaving her a
message?  Thanks again.

Best,
Jeff


Sorry these are late.  Please let me know when you would like to discuss.   cvb


Jeff--my number changed last August, so it should be changed on your
lists......#612-339-4599 (office)  #612-929-7669 (home)  #1-888-916-2264
(pager)

I am traveling tonight and will be crazy tomorrow so if you could leave me
the info via voice mail I'd appreciate it.  As I think I said in my message
to you, I havn't been totally enthusiastic about anybody that I've
interviewed in Chicago yet, so I wondered if the firm that you are using in
California has an office in Chicago and if so, do they have a
telecom/communications practice?

Thanks a bunch.

Jeff Dasovich on 04/08/2000 07:08:18 PM
To: Susan M Landwehr/HOU/EES@EES
cc:
Subject:

Hi Sue:
Believe it or not. I am alive.  Can get you the info on the outside legal
counsel I have.  Can you call me Monday morning, since your new phone number
is NOWHERE to be found.  Best, Jeff


Guys, lets get together to get final resolution to these issues including the
peaker fee asap.

Regards
Delainey
---------------------- Forwarded by David W Delainey/HOU/ECT on 11/28/2000
12:20 PM ---------------------------

Theresa Vos@ENRON
11/28/2000 12:00 PM
To: David W Delainey/HOU/ECT@ECT, Mike J Miller/HOU/ECT@ECT
cc: Ozzie Pagan/HOU/ECT@ECT, Kevin M Presto/HOU/ECT@ECT, Ben
Jacoby/HOU/ECT@ECT, Scott Healy/HOU/ECT@ECT, Robert P Virgo/HOU/ECT@ECT,
Jeffrey Keenan/HOU/ECT@ECT, John Moore/Corp/Enron@Enron, Georgeanne
Hodges/HOU/ECT@ECT, Clement Lau/HOU/ECT@ECT, Mitch Robinson/Corp/Enron@Enron,
Jinsung Myung/Corp/Enron@Enron, Kay Chapman/HOU/ECT@ECT, Felicia
Doan/HOU/ECT@ECT, Lisa Zarsky/HOU/ECT@ECT, Jim Curry/Corp/Enron@ENRON, Warren
Schick/Corp/Enron@ENRON, Jody Pierce/HOU/ECT@ECT, Tammy R
Shepperd/HOU/ECT@ECT, Susan Helton/HOU/ECT@ECT
Subject: 2000 Cost Summary thru 11/17

Attached is the Cost Summary for the 2000 Peakers with actuals thru
11/17/00.  I still have not received any cost reports from Nepco.  Please
call me if you have any questions.

thanks,
theresa
x58173


This works great.   Will you confirm this with all appropriate individuals and advise them this meeting will be held in Stan's office?

Thanks!

 -----Original Message-----
From: 	Geaccone, Tracy
Sent:	Wednesday, October 03, 2001 1:20 PM
To:	Stark, Cindy
Subject:	FW:   Azurix 2002 Plan Review

Is this ok?

 -----Original Message-----
From: 	Angela Ramirez/HOU/AZURIX@AZURIX@ENRON   On Behalf Of Angela Ramirez@ENRON
Sent:	Wednesday, October 03, 2001 11:23 AM
To:	Anderson, Michael; Geaccone, Tracy
Subject:	  Azurix 2002 Plan Review

I've placed this meeting on John G's calendar for Monday, October 29th from 2:30 to 5:00.

Angela

	Michael Anderson 10/02/01 08:30 PM 	   To: Angela Ramirez/HOU/AZURIX@AZURIX  cc:   Subject: FW: Azurix 2002 Plan Review

Angela please pick the 29th or 30th based on JLG's schedule and sent to Tracy

----- Forwarded by Michael Anderson/HOU/AZURIX on 10/02/01 08:29 PM -----

	Tracy Geaccone/ENRON@enronXgate 10/02/01 05:05 PM 	   To: Michael Anderson/HOU/AZURIX@AZURIX, Angela E. Ramirez/ENRON@enronXgate  cc:   Subject: FW: Azurix 2002 Plan Review

What do you think?

 -----Original Message-----
From: 	Stark, Cindy
Sent:	Tuesday, October 02, 2001 4:57 PM
To:	Geaccone, Tracy
Subject:	RE: Azurix 2002 Plan Review

Stan's day just opened up for this Thursday the 4th, or we could do 2:30 to 5:00PM on Monday, October 29, or 2:30 to 5:00PM on Tuesday, October 30.   Otherwise, that's it.   Please advise asap.

 -----Original Message-----
From: 	Geaccone, Tracy
Sent:	Tuesday, October 02, 2001 4:28 PM
To:	Stark, Cindy
Subject:	FW: Azurix 2002 Plan Review

What else can we do?

 -----Original Message-----
From: 	Angela Ramirez/HOU/AZURIX@AZURIX@ENRON   On Behalf Of Angela Ramirez@ENRON
Sent:	Tuesday, October 02, 2001 4:10 PM
To:	Anderson, Michael
Cc:	Garrison, John L; Hayslett, Rod; Geaccone, Tracy
Subject:	Re: Azurix 2002 Plan Review

John is on vacation from Thursday, October 18th and will return on Wednesday, October 24th.

Angela

	Michael Anderson 10/02/01 03:10 PM 	  To: Tracy Geaccone/ENRON@enronXgate@ENRON  cc: Rod Hayslett/ENRON@enronXgate, John L Garrison/HOU/AZURIX@AZURIX, Angela Ramirez/HOU/AZURIX@AZURIX  Subject: Re: Azurix 2002 Plan Review << OLE Object: StdOleLink >>

This will work for me - I will check with John Garrison

	Tracy Geaccone/ENRON@enronXgate 10/02/01 10:18 AM 	   To: Michael Anderson/HOU/AZURIX@AZURIX  cc: Rod Hayslett/ENRON@enronXgate  Subject: Azurix 2002 Plan Review

Stan is available October 18 from 1:00-3:00 in his office.  Will this work?


Hi!

             I gave his resume to Scott Neal.  He is going to look at it and
pass it on to the appropriate people.  It looks like his backround includes
more origination experience than trading.

Take care!


Rick,

Thanks for your message. I shall talk to Greg Whalley  about his
participation.

Vince


---------------------- Forwarded by David W Delainey/HOU/EES on 05/17/2001
08:47 AM ---------------------------

Ken Rice@ENRON COMMUNICATIONS
05/16/2001 09:34 AM
To: David W Delainey/HOU/EES@EES
cc: Kevin Hannon/Enron Communications@Enron Communications
Subject: FW: DARWIN AWARDS

Delainey

Why is it that a Canadian always seems to win the Darwin Awards?

Ken

----- Forwarded by Ken Rice/Enron Communications on 05/16/01 09:26 AM -----

	donrs@donrs.com
	05/16/01 08:46 AM

		 To: RMSherrill@duke-energy.com, lance_riley@anadarko.com, Ken Rice/Enron
Communications@Enron Communications, alinbeck@redstonegroup.com
		 cc:
		 Subject: FW: DARWIN AWARDS

-----Original Message-----
From: Bob and Sharyn Perkins [mailto:bsbprkns@jump.net]
Sent: Tuesday, May 15, 2001 9:04 PM
To: Undisclosed-Recipient:;
Subject: Fw: DARWIN AWARDS

Read it and shake your head in wonder.
> Subject: FW: DARWIN AWARDS
>
>
> >> Hot off the press! The 2000-2001 Darwin Awards
> Are Here!! > The latest
> >> Darwin Awards update....
> >> 1.  A Canadian man, searching for a way of
> getting drunk cheaply, because
> >> he had no money with which to buy alcohol, mixed
> gasoline with milk. Not
> >> surprisingly, this concoction made him ill, and
> he vomited into the
> >> fireplace in his house. This resulting explosion
> and fire burned his house
> >> down, killing both him and his sister.
> >> 2. A 34-year-old white male found dead in the
> basement of his home died of
> >> suffocation, according to police. He was
> approximately 6'2" tall and
> >> weighed 225 pounds. He was wearing a pleated
> skirt, white bra, black and
> >> white saddle shoes, and a woman's wig. It
> appeared that he was trying to
> >> create a schoolgirl's uniform look. He was also
> wearing a military gas
> >> mask that had the filter canister removed and a
> rubber hose attached in
> >> its place. The other end of the hose was
> connected to a one end of a
> >> hollow wooden tube approx. 12" long and 3" in
> diameter. The tube's other
> >> end was inserted into his rear end for reasons
> unknown, and was the cause
> >> of his suffocation. Police found the task of
> explaining the circumstances
> >> of his death to his family very awkward.
> >> 3. Three Brazilian men were flying in a light
> aircraft at low altitude
> >> when another plane approached. It appears that
> they decided to moon the
> >> occupants of the other plane, but lost control of
> their own aircraft and
> >> crashed. They were all found dead in the wreckage
> with their pants around
> >> their ankles.
> >> 4. A police officer in Ohio responded to a 911
> call. She had no details
> >> before arriving, except that someone had reported
> that his father was not
> >> breathing. Upon arrival, the officer found the
> man face down on the couch,
> >> naked. When she rolled him over to check for a
> pulse and to start CPR, she
> >> noticed burn marks around his genitals. After the
> ambulance arrived and
> >> removed the man - who was declared dead on
> arrival at the hospital - the
> >> police made a closer inspection of the couch, and
> noticed that the man had
> >> made a hole between the cushions. Upon flipping
> the couch over, they
> >> discovered what caused his death. Apparently the
> man had a habit of
> >> putting his penis between the cushions, down into
> the hole and between two
> >> electrical sanders (with the sandpaper removed,
> for obvious reasons).
> >> According to the story, after his orgasm the
> discharge shorted out one of
> >> the sanders, electrocuting him.
> >> 5. A 27-year-old French woman lost control of her
> car on a highway near
> >> Marseilles and crashed into a tree, seriously
> injuring her passenger and
> >> killing herself. As a commonplace road accident,
> this would not have
> >> qualified for a Darwin nomination, were it not
> for the fact that the
> >> driver's attention had been distracted by her
> Tamagotchi key ring, which
> >> had started urgently beeping for food as she
> drove along. In an attempt to
> >> press the correct buttons to save the
> Tamagotchi's life, the woman lost
> >> her own.
> >> 6. A 22-year-old Reston, VA man was found dead
> after he tried to use
> >> octopus straps to bungee jump off a 70-foot
> railroad trestle. Fairfax
> >> County police said Eric Barcia, a fast-food
> worker, taped a bunch of these
> >> straps together, wrapped an end around one foot,
> anchored the other end to
> >> the trestle at Lake Accotink Park, jumped and hit
> the pavement. Warren
> >> Carmichael, a police spokesman, said
> investigators think Barcia was alone
> >> because his car was found nearby. "The length of
> the cord that he had
> >> assembled was greater than the distance between
> the trestle and the
> >> ground", Carmichael said. Police say the apparent
> cause of death was
> >> "Major trauma".
> >> 7. A man in Alabama died from rattlesnake bites.
> It seems that he and a
> >> friend were playing a game of catch, using the
> rattlesnake as a ball. The
> >> friend - no doubt, a future Darwin Awards
> candidate - was hospitalised.
> >> 8. Employees in a medium-sized warehouse in west
> Texas noticed the smell
> >> of a gas leak. Sensibly, management evacuated the
> building, extinguishing
> >> all potential sources of ignition lights, power,
> etc. After the building
> >> had been evacuated, two technicians from the gas
> company were dispatched.
> >> Upon entering the building, they found they had
> difficulty navigating in
> >> the dark. To their frustration, none of the
> lights worked (you can see
> >> what's coming, can't you?). Witnesses later
> described the sight of one of
> >> the technicians reaching into his pocket and
> retrieving an object, that
> >> resembled a cigarette lighter. Upon operation of
> the lighter-like object,
> >> the gas in the warehouse exploded, sending pieces
> of it up to three miles
> >> away. Nothing was found of the technicians, but
> the lighter was virtually
> >> untouched by the explosion. The technician
> suspected of causing the blast
> >> had never been thought of as 'bright' by his
> peers.
>
>


Analyst  Business Unit     Supervisor
John Weakly  Risk Management for Equity & Debt Trading Bennett Kauffman
Michael Benien  Business Analysis & Reporting   Norman Levine
Jody Crook  Gas Assets     Steve Venturatos
Israel Estrada  Global Rate Services    Mary Solmonson
Sharon Hausinger EES Commercial Risk Management  Barry Vanderhorst
Jennifer Keith  EES Financial Operations   Patrick Hanes
Christine Milliner Corporate HR     Suzanne Brown
Justin O'Malley  EES Gas Commodities    David Draper
Adnan Patel  Global Counterparty    Mary Gosnell
Lauren Schlesinger EES Financial Planning    Matt Culver
Shirley Sidler  Global Products    Scott Earnest
Leah Stephens  Global Products    Kevin Sweeney
George Thomas Business Analysis & Reporting   Jody Pierce
Angie Zeman  NE Logistics      Kathy Kelly

The following analysts are still in need of a first rotation:
Sebastien Bouvier
Henry Montana
Cindy To


Thanks for the update.  Mark


TODAY'S HEADLINES
The New York Times on the Web
Monday, February 4, 2002
------------------------------------------------------------
For news updated throughout the day, visit www.nytimes.com

QUOTE OF THE DAY
=========================
"The reason I got involved is that Andersen is in big trouble
and they were looking for someone to sprinkle some holy
water on them."
-PAUL A. VOLCKER JR., former Federal Reserve chairman and new chief of an Arthur
Andersen oversight committee.

http://www.nytimes.com/2002/02/04/business/04VOLC.html?todaysheadlines

NATIONAL
=========================
Group Backs Gays Who Seek to Adopt a Partner's Child

The American Academy of Pediatrics is announcing its support
on Monday for the right of gay men and lesbians to adopt
their partners' children.
http://www.nytimes.com/2002/02/04/national/04ADOP.html?todaysheadlines

-----

Bush to Request Big Spending Push on Bioterrorism

The Bush administration has decided to seek $11 billion over
two years to protect the nation against bioterrorism, far
more than experts had expected.
http://www.nytimes.com/2002/02/04/national/04BUDG.html?todaysheadlines

-----

As Trust Develops, Guards Still Maintain Full Alert

Tensions are easing at the Guantanamo Bay Naval Station
in Cuba as the American captors and their prisoners from
Afghanistan begin to see each other in human terms.
http://www.nytimes.com/2002/02/04/national/04DETA.html?todaysheadlines

-----

MORE NATIONAL NEWS:
http://www.nytimes.com/pages/national/index.html?todaysheadline

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INTERNATIONAL
=========================
Leaders Warn U.S. It Must Deal Head-On With Mideast

Leaders gathered for the World Economic Forum have warned
that the Bush administration cannot win a war on terrorism
if does not deal with the Middle East.
http://www.nytimes.com/2002/02/04/international/middleeast/04MIDE.html?todaysheadlines

-----

Pakistani Police Make Little Progress in Search for Reporter

The police in Pakistan have found no solid evidence linking
any suspects to the kidnapping of American journalist
Daniel Pearl.
http://www.nytimes.com/2002/02/04/international/asia/04REPO.html?todaysheadlines

-----

Bin Laden's Trail Is Lost, but Officials Suspect He Is Alive

A month after United States officials expressed confidence
that they had cornered Osama bin Laden, they now
acknowledge they have lost track of the terrorist leader.
http://www.nytimes.com/2002/02/04/international/04TERR.html?todaysheadlines

-----

MORE INTERNATIONAL NEWS:
http://www.nytimes.com/pages/world/index.html?todaysheadline

BUSINESS
=========================
Former Fed Chief Picked to Oversee Auditor of Enron

Arthur Andersen on Sunday gave extraordinary authority to an
oversight panel to be led by the former Federal Reserve
Board chairman, Paul A. Volcker.
http://www.nytimes.com/2002/02/04/business/04AUDI.html?todaysheadlines

-----

Talk of Crime Grows Louder, Spurred by Report

The report released Saturday by a special committee of Enron
raises the specter that at the foundation of the company's
downfall was a series of multimillion-dollar crimes.
http://www.nytimes.com/2002/02/04/business/04CRIM.html?todaysheadlines

-----

Barnesandnoble.com Officially Names Chief

After two years without an official chief executive,
Barnesandnoble.com, the online bookstore, has named Marie
J. Toulantis to the post.
http://www.nytimes.com/2002/02/04/business/media/04BOOK.html?todaysheadlines

-----

MORE BUSINESS NEWS:
http://www.nytimes.com/pages/business/index.html?todaysheadline

TECHNOLOGY
=========================
The Increase in Chip Speed Is Accelerating, Not Slowing

At the world's premier chip design conference, there is
evidence that PC performance increases of the last two
years will not slow in the near   future, but actually
accelerate.
http://www.nytimes.com/2002/02/04/technology/04CHIP.html?todaysheadlines

-----

WebMD Is Somewhat Stronger After Therapy

After 15 months of turnaround therapy administered by Martin
J. Wygod, who took over WebMD from its founders, the stock
price has rebounded somewhat.
http://www.nytimes.com/2002/02/04/technology/ebusiness/04PLAC.html?todaysheadlines

-----

It's the Scion vs. the Board in Merger Fight

The dispute over Hewlett-Packard's plan to buy Compaq tends
to be personalized as a confrontation of two individuals,
but is it the right two?
http://www.nytimes.com/2002/02/04/technology/04HEWL.html?todaysheadlines

-----

MORE TECHNOLOGY NEWS:
http://www.nytimes.com/pages/technology/index.html?todaysheadline

POLITICS
=========================
Bush to Request Big Spending Push on Bioterrorism

The Bush administration has decided to seek $11 billion over
two years to protect the nation against bioterrorism, far
more than experts had expected.
http://www.nytimes.com/2002/02/04/national/04BUDG.html?todaysheadlines

-----

In New Hampshire, a New Face Gets a Warm Welcome

This weekend Senator John Edwards began early presidential
politicking in New Hampshire, garnering interest for being
a fresh face among the current field of Democrats.
http://www.nytimes.com/2002/02/04/politics/04CAMP.html?todaysheadlines

-----

Former Fed Chief Picked to Oversee Auditor of Enron

Arthur Andersen on Sunday gave extraordinary authority to an
oversight panel to be led by the former Federal Reserve
Board chairman, Paul A. Volcker.
http://www.nytimes.com/2002/02/04/business/04AUDI.html?todaysheadlines

-----

MORE POLITICS NEWS:
http://www.nytimes.com/pages/politics/index.html?todaysheadline

SPORTS
=========================
Patriots Claim the Super Bowl

Adam Vinatieri kicked a 48-yard field goal as time expired
to lift the New England Patriots to an improbable win over
the St. Louis Rams.
http://www.nytimes.com/2002/02/04/sports/football/04SUPE.html?todaysheadlines

-----

Patriots Help Vinatieri Experience the Moment

Tom Brady's late completions to Troy Brown for 23 yards and
Jermaine Wiggins for 6 yards put Adam Vinatieri in his
comfort zone.
http://www.nytimes.com/2002/02/04/sports/football/04PATS.html?todaysheadlines

-----

Gogel Finds Redemption

Matt Gogel caught Pat Perez on the back nine and won the
AT&T Pebble Beach National Pro-Am for his first PGA
Tour victory.
http://www.nytimes.com/2002/02/04/sports/golf/04GOLF.html?todaysheadlines

-----

MORE SPORTS NEWS:
http://www.nytimes.com/pages/sports/index.html?todaysheadline

ARTS
=========================
TV Diet of Torture Games and Gross-Out Stunts

Rude, crude and above all dumb,  shows like "Fear Factor"
are part of  the mainstreaming of  a gross new world of
television.
http://www.nytimes.com/2002/02/04/arts/television/04NOTE.html?todaysheadlines

-----

Loving and Losing to Chase the Blues

The talented R & B singer Alicia Keys  played a concert
at Radio City Music Hall on Friday  that was a  night of
celebration, not innovation.
http://www.nytimes.com/2002/02/04/arts/_04KEYS.html?todaysheadlines

-----

Singers Merge Politics With Patriotism

Sunday's pregame and halftime shows were, as they were meant
to be, jarringly different from most Super Bowls, but it
was easy to see where it all came from.
http://www.nytimes.com/2002/02/04/sports/football/04MUSI.html?todaysheadlines

-----

MORE ARTS NEWS:
http://www.nytimes.com/pages/arts/index.html?todaysheadline

NY REGION
=========================
Candidates Try to Fathom New York's Shifting Voters

The rules that have long guided candidates seeking statewide
office in New York seem to have been thrown out the window
over the last four years.
http://www.nytimes.com/2002/02/04/nyregion/04GOV.html?todaysheadlines

-----

A Little Violence and Lots of Police Equal 150 Arrests Far
From Forum

The calm that had infused the weekend's protests against the
World Economic Forum ended on Sunday, when demonstrators
took over parts of the East Village and the Upper East
Side.
http://www.nytimes.com/2002/02/04/nyregion/04STRE.html?todaysheadlines

-----

Albany Bill Would Cover Birth Control

Republican lawmakers have offered a compromise bill
requiring health insurers to cover contraceptives.
http://www.nytimes.com/2002/02/04/nyregion/04WOME.html?todaysheadlines

-----

MORE NY REGION NEWS:
http://www.nytimes.com/pages/nyregion/index.html?todaysheadline

OP-ED
=========================
Sharon Enters Armistice Talks
By WILLIAM SAFIRE
Last Wednesday night, Prime Minister Ariel Sharon gave me
his telephonic account of what could be the start of a true
 truce process with three veteran Palestinian negotiators.
http://www.nytimes.com/2002/02/04/opinion/04SAFI.html?todaysheadlines

-----

Sneak Attack
By  BOB HERBERT
Bush administration officials presented a plan as an
altruistic attempt to  bring more health care benefits to
low-income pregnant women. It  was actually a guerrilla
attack on  abortion rights.
http://www.nytimes.com/2002/02/04/opinion/04HERB.html?todaysheadlines

-----

America and Anti-Americans
By SALMAN RUSHDIE
America finds itself facing a broader ideological adversary
that may  turn out to be as hard to defeat as  militant
Islam:  anti-Americanism.
http://www.nytimes.com/2002/02/04/opinion/04RUSH.html?todaysheadlines

-----

MORE OP-ED  NEWS:
http://www.nytimes.com/pages/opinion/index.html?todaysheadline

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I've got the crib, a playpen, red and blue check bumpers for the crib, a
never used airplane baby swing you hang on a trees (our trees were too tall),
perhaps a jogging stroller (don't think we gave it away), and I don't know
what else.  All have "baby Carnahan" on it.  Will she give the baby her last
name?  That would be cool.

I met someone (a guy)  named Kayne.  Yes, I know it looks like Kay, but I
thought it sounded cool.  Kayne Carnahan.  Opps, sounds like a bull rider!

ckm

From: Kathleen Carnahan/ENRON@enronXgate on 05/31/2001 09:45 AM
To: Kay Mann/Corp/Enron@Enron
cc:

Subject: RE: important stuff

Remember not to throw away baby stuff!  My oldest daughter, Sara has already
bought a complete wardrobe for the baby including girl and boy outfits.  I
guess I had better get on the ball and at least buy a "I Love Granny" bib or
something!  Ha.

Do you know Carlos' cell phone number?  His normal secretary is out.

K-

 -----Original Message-----
From:  Mann, Kay
Sent: Thursday, May 31, 2001 9:37 AM
To: Carnahan, Kathleen
Subject: RE: important stuff

Thanks, but I'm throwing away junk all weekend.  Neil will be gone....

From: Kathleen Carnahan/ENRON@enronXgate on 05/31/2001 09:28 AM
To: Kay Mann/Corp/Enron@Enron
cc:

Subject: RE: important stuff

Lake Woodlands, do you want to come?

 -----Original Message-----
From:  Mann, Kay
Sent: Thursday, May 31, 2001 9:23 AM
To: Carnahan, Kathleen
Subject: important stuff

So where are you kayaking this weekend?

ckm


566424 and 566426 have been auto-scheduled - just FYI. And I'm still working
on the others.

Thanks,
Kate

To: Kate Symes/PDX/ECT@ECT
cc: Mark Confer/HOU/ECT@ECT

Subject: Latest Variances

See attached file for updates.

Kate,
I have not seen the corrected prices for 566424.1 and 566426.1 come through
yet - maybe tomorrow.
Deal 573862.1 .2 @ $107 your sheet has $168.45  please advise which price is
correct
Deal 578856.1 21 @$150 your sheet has $182.92  please advise which price is
correct

Let me know if you need further clarification.

Thanks
Brooklyn
713.853.1909


This was entered before we had the option in EnPower to enter deals under
California Energy Resource Schedulers - CERS. It's been changed.

Kate

	From:  Sharen Cason                           02/07/2001 06:57 AM

To: Kate Symes/PDX/ECT@ECT
cc:

Subject: # 509638

Did you find out anything about this deal?  We really need to get this out of
the NEW Counterparty status.

Thanks!
---------------------- Forwarded by Sharen Cason/HOU/ECT on 02/07/2001 08:59
AM ---------------------------

	Enron North America Corp.

	From:  Sharen Cason                           02/06/2001 08:42 AM

To: Kate Symes/PDX/ECT@ECT
cc:
Subject: # 509638

This deal was entered as New Counterparty which is fine for a short period of
time.  However, within a few days someone needs to make sure to change the
deal to the correct counterparty name.  Can you look into this and let me
know?

Thanks!


got the message.  in a word:  i love you.  thanks.

(is there an alternative to reviews?)

best,
jeff