---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 04/27/2001
04:37 PM ---------------------------

"RiskNews Update" <listadmin@riskwaters.com> on 04/27/2001 11:57:36 AM
To: List Member <vkamins@enron.com>
cc:
Subject: RiskNews - RiskNews Update - 27/04/2001

RiskNews Update - http://www.RiskNews.net

==================================================================
RiskNews Update - week ending 27/4/2001
http://www.risknews.net
News for derivatives and risk management professionals
===================================================================

Dear Subscriber,

Welcome to RiskNews Update!

A week full of news for the risk management and derivatives professions
culminated in the RiskNews exclusive that World Bank treasurer and chief
investment officer Afsaneh Mashayekhi Beschloss has stepped down to become
a partner of Carlyle Group, the Washington-based private equity investor.
Beschloss oversaw a $48 billion investment portfolio at the World Bank, as
well as its $12 billion pension fund. A successor to Beschloss, who leaves
in May, has yet to be named.

The BIS, which issued a number of reports this week, found that financial
firms using one-day value-at-risk (VAR) models could be seriously
underestimating their exposure to market risk. The BIS said
liquidity-adjusted VAR models, which estimate risk using holding periods
determined by the length of time that would be required to unwind
positions, produce, on average, five times higher estimates of risk than
standard VAR.

In the operational risk world, two of the leading players PwC and NetRisk
have tied their resources to create a joint initiative called OpVantage
that will be headed by Dan Mudge, a co-founder of NetRisk. It aims to take
advantage of the introduction of an operational risk charge as stipulated
in the Basle II capital accord proposals.

Meanwhile, the value of non-performing loans held by Japanese financial
institutions is _151.1 trillion ($1.25 trillion), representing about 30%
of gross domestic product and 28% of total loans, according to the latest
figures released by the Democratic Party of Japan

On the technology front, GFInet's online FX options broking system is
likely to be postponed until May, due to delays in connecting clients to
the system, the firm said; while BNP Paribas and Commonwealth Bank
invested in BondsInAsia and asiabondportal.com, respectively.

Christopher Jeffery
Editor, RiskNews

Tel: 44 (0)20 7484 9880
E-mail:cjeffery@riskwaters.com

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

RiskNews Update - 27/4/01

Headlines/Technology and Exchanges/People/Events

===================================================================
Headlines - 27/4/2001
===================================================================

27 April - Financial firms using one-day value-at-risk (VAR) models could
be taking account of just 20% of their exposure to market risk, according
to research carried out by a group of international regulators

27 April - Germany's new national debt agency, founded last September,
will stage its capital markets debut in early June when it takes on the
German finance ministry's debt management activities. Initially, the
Frankfurt-based Bundesrepublik Deutschland Finanzagentur will deal
primarily in money-market instruments - the finance ministry's main tools

27 April - The RISConsulting Group is preparing to roll out in the third
quarter a Web-based aircraft pricing facility, which the Boston risk
management company believes could trigger the creation of a new
derivatives market

27 April - ABN Amro Futures has created a new management structure for its
combined European operations, following the integration of its offices in
London and Paris

26 April - Weather Risk Advisory, the Cambridge, UK-based weather
derivatives software and consulting service, has launched its new weather
derivatives pricing tool, WeatherValue

26 April - UK regulator the Financial Services Authority (FSA) has
launched a review of its best execution rules. This could lead to policy
changes designed to ensure firms obtain the best price for customers when
buying or selling financial contracts, including derivatives

25 April - Global professional services firm PricewaterhouseCoopers has
teamed up with risk analytic provider NetRisk to offer what the firms hope
will become the pre-eminent third-party operational risk management
software provider to financial institutions

25 April - The Bank for International Settlements has published the
results of its first global survey on stress testing at major financial
institutions, reflecting the efforts of regulators to learn more about the
role of stress testing in risk management

25 April - Bear Hunter Specialists, a joint venture between US investment
bank Bear Stearns and Hunter Partners, has completed its purchase of the
specialist rights of Wagner Stott Mercator

24 April - There is still a significant lack of public disclosure from
banks participating in the derivatives markets, said the Bank for
International Settlements (BIS) in a new report conducted on behalf of the
Basel Committee on Banking Supervision

24 April - The value of non-performing loans held by Japanese financial
institutions is _151.1 trillion ($1.25 trillion), representing about 30%
of gross domestic product and 28% of total loans, according to the latest
figures released by the Democratic Party of Japan

23 April - Sovereign Bancorp, the parent company of Sovereign Bank, has
created a new finance function called the office of the chief financial
officer (OCFO) that will be led by James Hogan, who becomes chief
financial officer

23 April - GFInet's online FX options broking system is likely to be
postponed until May, due to delays in connecting clients to the system,
the firm said

To read more now, click http://www.risknews.net

*******************************************************************
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For further information visit: http://www.risktraining.com/correlation

===================================================================
Technology and Exchanges - 27/4/2001
===================================================================

27 April - The US-based Options Industry Council, a non-profit
organisation set up to provide investor education about equity options,
and the Australian Stock Exchange, have formed an alliance to share
educational resources and options industry research

27 April - Tsterreichische Volksbanken, the central Austrian savings bank
based in Vienna, has chosen New York-based Summit Systems' STP Operations
software to replace its back-office system

26 April - Commodity market maker Chisholm is to implement Triple Point
Technology's Tempest 2000 enterprise-wide commodity trading software

26 April - The Singapore Exchange is soon to launch a futures contract
based on Singapore government securities bonds with a maturity of five
years, according to a report in a Singapore business daily

26 April - eSpeed, the New York-based developer of electronic
marketplaces, has purchased a patent for the electronic trading of futures
products. eSpeed operates the Cantor Exchange, a joint venture with the
New York Board of Trade, and said that its purchase of the Wagner patent
from Electronic Trading Systems Corporation will complement its existing
patent portfolio

26 April - Commonwealth Bank of Australia has made a strategic equity
investment in buy-side, pan-Asian online fixed-income trading platform
asiabondportal.com. The move closely follows an equity investment by BNP
Paribas in competing platform BondsInAsia, made on Monday this week

25 April - Swiss bank Banque Cantonale Vaudoise has selected Front Capital
Systems to provide software infrastructure to support the bank's equity
and fixed-income trading business

24 April - SunGard's Trading and Risk Systems unit has opened an office in
Seoul, South Korea, to help support three local banking clients

24 April - Derivatives contracts listed on the Singapore Exchange's (SGX)
electronic trading system SGX ETS can now be traded via electronic data
provider Bloomberg's terminals, the two organisations have announced

24 April - US banking group First Union has implemented DataSynapse's
WebProc software to enhance trading and straight-through processing in
fixed-income derivatives

23 April - French bank BNP Paribas has become the latest shareholder in
BondsInAsia, the regional fixed income-trading platform set to go live
later this year

To read more now, click http://www.risknews.net

*******************************************************************
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subscription to 'Telecoms Capacity', the latest addition to the Risk
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Selected features from the latest April issue are now also available to
view at http://www.telecomscapacity.com

===================================================================
People - 27/4/2001
===================================================================

27 April - General Re Securities, the financial risk management products
dealer recently bought out by a team of former investment bankers,
including former JP Morgan chief financial officer Peter Hancock, has
unveiled a second round of new hires following its extensive marketing
additions earlier this month

27 April - Dan Eudy has been made president of Industrial Risk Insurers,
the Connecticut-based property insurance arm of Employers Reinsurance
Corporation, a GE company, while Ken Brock has been appointed head of GE
Global Asset Protection (SM) services group

26 April - Robert LeBlanc, a former managing director in credit risk
management at JP Morgan Chase, has joined the JP Morgan executive exodus
by leaving to become global head of portfolio management at Dresdner
Kleinwort Wasserstein

25 April - Commerzbank Securities has appointed three analysts to its
expanding credit research team, which means that eight credit analysts
have joined Commerzbank Securities since September 2000, out of global
team of ten

25 April - Electronic foreign exchange trading platform FXall has
appointed Jack Lemonik as its chief technology officer. This latest
addition to the management team comes as the firm claims to be in the last
stages of testing before the start of trading

24 April - Online derivatives services provider Cygnifi, a spin-off of US
investment bank JP Morgan prior to its merger with Chase Manhattan, has
hired Morgan Burkett as its chief legal officer and legal counsel

23 April - Lehman Brothers' expansion in FX derivatives and emerging
markets has been dealt a blow as Matteus Desselberger, who was hired to
manage the new group, decided to return to former employer Deutsche Bank

To read more now, click http://www.risknews.net

********************************************************************
RiskNews readers can receive a FREE May issue of "Emerging Markets
Investor" (worth $50). The May issue includes an exclusive interview with
Gloria Macapagal-Arroyo, President of the Philippines. Click here for your
FREE issue: http://www.EMIontheweb.com/mayissue

==================================================================
Events - 27/4/2001
===================================================================

Risk 2001 USA, Boston 12 & 13 June 2001 (

Hear the latest on the New Basel Accord at Risk 2001 USA in Boston, 12 &
13 June, 2001 - Risk magazine's biggest multi-stream event of the year!
Highlights include an interactive panel debate on the future of risk
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Erwin Zimmermann, Swiss Re New Markets. For a full listing of topics and
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EPRM 2001 Houston, 14 & 15 May 2001 (

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Management's 5th Annual Flagship Congress.
Delegates will benefit from in-depth presentations and interactive
discussions addressing key regulatory developments, modelling techniques
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http://www.eprm-conferences.com/eprm2001us?caller=risknews_update

CALL FOR PAPERS!  'MATHS WEEK 2001' (
New York, 12 - 16 November 2001
London, 26 - 30 November 2001
If you have a paper you would like to submit for inclusion in 'MATHS WEEK
2001', please contact Victoria Kerridge on +44 (0) 20 7484 0975 or by
email at mailto:vkerridge@riskwaters.com
(Deadline for submission is 1 June 2001)

For further information please visit
http://www.risk-conferences.com/mathsweek

---------------------------------------------------------------------
All event details can be found at either http://www.risk-conferences.com
or http://www.risktraining.com

______________________________________________________________________
To unsubscribe, write to financewise-unsubscribe@listbot.com


FYI.  Also take a look at today's Gas Daily
---------------------- Forwarded by Chris Germany/HOU/ECT on 07/05/2000 07:35
AM ---------------------------

jporte1@columbiaenergygroup.com on 07/03/2000 10:19:15 AM
To: " - *smosley@aglresources.com" <smosley@aglresources.com>, " -
*SManganaro@njng.com" <SManganaro@njng.com>, " - *Ann.P.Cunningham@bge.com"
<Ann.P.Cunningham@bge.com>, " - *acrescioli@washgas.com"
<acrescioli@washgas.com>, " - *Bardes, Shirley"
<sbardes@columbiaenergygroup.com>, " - *Rausch, Leslie"
<lrausch@columbiaenergygroup.com>, " - *jrmatura@nipsco.com"
<jrmatura@nipsco.com>, " - *Gerald_DeRuiter@michcon.com"
<Gerald_DeRuiter@michcon.com>, " - *Bowman, Dave"
<dbowman@columbiaenergygroup.com>
cc:
Subject: Sale Of Columbia Energy Services' Mass Markets

Hope you have seen the press release from Friday. If not, please see the
attached, announcing the agreement to sell the residential and small
commercial
operations to The New Power Company. Please be aware that the deal is not
closed yet and no customers will be transferred to TNPC until all federal,
state and utility program requirements have been completed by both CES and
TNPC. We are attempting to keep you informed of any updates and I remain the
main gas utility contact for CES, so if you have any questions, please contact
me at 703/561-6447.

Thanks,
Jeffrey P. Porter

 - Press Release -- CES-NPC                     063000.doc


Which post id value and risk type was this correction associated with?  I did not see the post id you are speaking of when Tracy and I pulled up Run M.

Tiffany

-----Original Message-----
From: Keiser, Kam
Sent: Monday, January 07, 2002 5:11 PM
To: Miller, Tiffany
Subject: FW: Request for Bankruptcy Book Values

Correction
Please ignore post-id #1457413
It should be #1457867 with a value of $(392,639)

Thanks

Kam

-----Original Message-----
From: Keiser, Kam
Sent: Monday, January 07, 2002 4:32 PM
To: Miller, Tiffany
Subject: RE: Request for Bankruptcy Book Values

Tiffany

This is the value by risk type as of Nov-30th.
Price					$(1,252,140,705)
Basis					$(230,828,141)
Index					$(6,649,278)
Gas Daily				$498,824
Gas Daily Index			$3,984,475
Canadian Gas Daily		$1,265,707
Canadian Gas Daily Index	$44,840

Let me know if this is what you needed.

KK
x3-5781

-----Original Message-----
From: Miller, Tiffany
Sent: Monday, January 07, 2002 3:27 PM
To: Keiser, Kam
Cc: Irvin, Tracey; Sweet, Trudy
Subject: Request for Bankruptcy Book Values

Kam,

Could you please provide us with the natural gas unliquidated value of the Bankruptcy book with book code HH as of 12/31/01 using 11/30/01 commodity and interest rate curves.  We saw the following post ID's associated with Natural Gas Bankruptcy book in Run M:

	HHY	NG	1452835
	HHM	NG	1452834
	HHI	NG	1452833
	HHD	NG	1452832
	HHP	NG	1452831

Thanks for your help.

Tiffany Miller
5-8485


Kevin,

Thanks for taking good care of us.

Vince

Kevin G Moore
01/11/2000 07:16 AM
To: Shirley Crenshaw/HOU/ECT@ECT, Vince J Kaminski/HOU/ECT@ECT, Mike A
Roberts/HOU/ECT@ECT
cc:
Subject: Plants for offices on 19th Floor

On yesterday I spoke with our plant caretaker for the
19th floor.
She made mention to me that she was going to bring
more plants for our department therefore , requesting
from facilities will not be necessary.

She will replace the old plants with new fresh plants.

                                                Thanks
                                             Kevin Moore

Let's see what happens......


Carol St. Clair
EB 3892
713-853-3989 (Phone)
713-646-3393 (Fax)
carol.st.clair@enron.com
----- Forwarded by Carol St Clair/HOU/ECT on 07/06/2000 11:55 AM -----

	"SCOTT AVITABILE" <SAVITABI@LLGM.COM>
	07/06/2000 11:44 AM

		 To: <Carol.St.Clair@enron.com>
		 cc:
		 Subject: Re: [Fwd: [Fwd: FW: ACE Policy]]

Carol:  I will be available at 1:00 pm NY time for the call tomorrow, and if
either or both of John and/or Bruce are available, they will also
participate.  Unless you hear otherwise, patch me in to the call at
212-424-8491.


I was thinking that you might be able to bring a modicum of legitimacy to
it....

	Richard Shapiro
	12/13/2000 10:49 AM

		 To: Jeff Dasovich/NA/Enron@Enron
		 cc:
		 Subject: Re:

Hell will freeze over many times before I join an illegitimate administration.

From: Jeff Dasovich on 12/13/2000 10:36 AM
Sent by: Jeff Dasovich
To: Richard Shapiro/NA/Enron@Enron
cc:

Subject:

Kahn's secretary has left messages that he's "very tied up" and continues to
try to contact me.  Suggests to me that they may be planning something and
he's reluctant to contact folks.  I'll poke around.
I thought our stock would go UP when an announcement about Skilling was made.
I guess this means you'll be going to D.C. with Lay.


Per Grigsby, all ten traders have signed on and the products are fixed.  Thanks.
PL

 -----Original Message-----
From: 	Keiser, Kam
Sent:	Monday, January 28, 2002 1:31 PM
To:	Love, Phillip M.; Winfree, O'Neal D.; Palmer, B. Scott; Giron, Darron C.
Subject:	EOL products

Now that we know which traders will be moving over, or we should, we need to make a second pass at the EOL product list.  Can you confirm with your desk heads that the list of names we have is correct, and then update the product mappings by tomorrow afternoon?

O:\erms\erms_adm\netco\controls\Trader-Book template (US Gas)_EOL new books.xls

Thanks

KK


I was very pleased to get your note and wish that I could be of help with
respect to a PhD program.  Unfortunately our only related program here is
in statistics.  I would suggest that you contact Professor Sheridan Titman
at the University of Texas in Austin.

Good Luck,

John

At 05:31 PM 1/12/01 +0600, you wrote:
>Dear Mr. Martin,
>Having visited your web page http://hsb.baylor.edu/html/martinj/ I have
>found information about your research paper. I have a similar area of
>interests and I am keen to pursue a degree in Finance program. I am
>especially interested in the following areas:
>
>1.   Valuation of the exotics style options
>2.   Credit Portfolio Models - assessment of the value at risk of a
>non-investment grade Eurobonds portfolio and contributions of the
>individual assets to portfolio risk
>3.   Estimation of expected default frequency for individual default risk
>
> If you have any open Ph. D. Student positions for the fall 2001, please do
>not hesitate to get in touch with me.
>
>
>I have the following background:
>
>I graduated (M.S.) from Moscow Institute of Physics and Technology in 1998,
>majoring in Economics and Applied Mathematics, with a degree in Applied
>Mathematics GPA 4.5/(5.0). Diploma matter as " Mathematical methods in the
>modern theory of oligopoly". I have three and a half years working
>experience in Bank and Investment Company in Russia and Kazakhstan. I had
>been working on the following positions:
>
>1.Trader - fixed income, equities, futures, forwards, swaps, options, money
>market.
>
>2. Analyst - estimation of the market value of illiquid equities, valuation
>of Principal Protected Notes and Reverse Convertible Notes, valuation of
>exotics options.
>
>3. Risk Manager - risk management in banking currency, margin and liquidity
>risks.
>
>4. Portfolio Manager - management of the banking securities portfolio using
>mathematical and statistical approach.
>
>Articles:
>
>1. Custodian's functions and its role in the management of securities
>portfolios. "Securities Market Journal". June, 2000
>
>2.   Options as an instrument for receiving guaranteed income. "Securities
>Market Journal". December, 2000
>Computer Languages: Visual Basic, Pascal, and Fortran
>
>I have got the following scores:
>
>1. GRE-1810 (V-290, Q-800, A-720)
>
>2. TOEFL 563
>
>
>
>Look forward to hearing from you.
>
>Sincerely,
>
>Yeremenko Alexey
>
>E -mail: aeremenko@turanalem.almaty.kz
>
>
>
>
>
John D. Martin
Carr P. Collins Chair in Finance
Finance Department
Baylor University
PO Box 98004
Waco, TX 76798
254-710-4473 (Office)
254-710-1092 (Fax)
J_Martin@Baylor.edu
web:    http://hsb.baylor.edu/html/martinj/home.html


thank you.

Doug Arnell@ENRON_DEVELOPMENT
10/10/2000 01:20 PM
To: Scott Neal/HOU/ECT@ECT, Stephanie Miller@ENRON, Colleen Sullivan@ECT,
Eric Groves@ECT, Ned E Crady/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: Mike McConnell/HOU/ECT@ECT, Jeffrey A Shankman@ECT, Julie A Gomez@ECT
Subject: Re: Bahamas LNG Terminal

This meeting has been changed to 2:30-3:30 pm, Thursday, October 12.

Thanks

Scott Neal@ECT
10/10/2000 11:00 AM
To: Doug Arnell/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc:

Subject: Re: Bahamas LNG Terminal

Doug,

I am not available until 2:30pm.  Is it possilble to push back the start?

Doug Arnell@ENRON_DEVELOPMENT
10/10/2000 10:15 AM
To: Scott Neal@ECT, Stephanie Miller@ENRON, Colleen Sullivan@ECT, Eric
Groves@ECT, Ned E Crady/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: Mike McConnell/HOU/ECT@ECT, Jeffrey A Shankman@ECT, Julie A Gomez@ECT
Subject: Bahamas LNG Terminal

This is to confirm a meeting on Thursday, Oct. 12, from 2-3 pm regarding the
Bahamas/South Florida LNG Project.  The meeting will take place in Mike
McConnell's office (EB3328).

Scott Neal will join the meeting at 2:30 pm.

Thanks


---------------------- Forwarded by Daren J Farmer/HOU/ECT on 12/22/2000
12:12 PM ---------------------------
From: Lee L Papayoti on 12/21/2000 03:31 PM
To: Daren J Farmer/HOU/ECT@ECT
cc: Liz Bellamy/NA/Enron@Enron
Subject: Global Octanes

Finished visiting with counsel ..... we will need to start with the buyback
for Global Octanes 9am tomorrow


I spoke to Greg Adams on the EOG commodity affiliate positions.  He has never
supplied VaR on these.  We have no information on these.  You need to ask
whoever supplies you the quarterly numbers to supply you with the non-quarter
end months.

Jill

	Enron Global Finance

	From:  Jill Erwin                           01/25/2000 05:23 PM

To: Georgeanne Hodges/HOU/ECT@ECT
cc: Steve Ross/HOU/ECT@ECT, Jeff Nogid/HOU/ECT@ECT, Eugenio
Perez/HOU/ECT@ECT, Tony Harris/HOU/ECT@ECT, Jan Johnson/GPGFIN/Enron@ENRON,
Bob Shults/HOU/ECT@ECT, Sally Beck@ECT, Jennifer
Stevenson/AA/Corp/Enron@Enron, Derek Claybrook/AA/Corp/Enron@Enron, Faith
Killen/HOU/ECT@ECT
Subject: Re: Annual Report VAR Disclosures - open items

See colored notes below.

	From:  Georgeanne Hodges                           01/25/2000 03:25 PM

To: Jill Erwin/HOU/ECT@ECT, Steve Ross/HOU/ECT@ECT, Jeff Nogid/HOU/ECT@ECT,
Eugenio Perez/HOU/ECT@ECT, Tony Harris/HOU/ECT@ECT
cc: Jan Johnson/GPGFIN/Enron@ENRON, Bob Shults/HOU/ECT@ECT, Sally Beck@ECT,
Jennifer Stevenson/AA/Corp/Enron@Enron, Derek Claybrook/AA/Corp/Enron@Enron,
Faith Killen/HOU/ECT@ECT
Subject: Annual Report VAR Disclosures - open items

This is Part II of the open items on VAR, addressing ECM, PGE & affiliate
books

From my review of Eugenio's consolidated VAR spreadsheet, the following
listed items are those that are open that we           need information from
you on.   Corp. is looking to type the first draft of the Annual Report (to
be discussed with the Audit Committee) THIS FRIDAY, so we need your help with
this information as soon as possible.  If you will not be able to have all of
the information to Eugenio by Thursday night, please let me know.  We may be
able to give you some additional time to gather some of the smaller pieces.
If you need to forward this on to others, please do so.

AA if you know of any other issues of completeness that I have not addressed,
please let Eugenio and I know!

*Have AA and Jan Johnson concluded that we only need to include the puts on
the Enron stock?  If so we need all twelve months of comparable data as
applicable.    Steve Ross sent to Eugenio on Monday (yesterday).  Let him
know if he needs to re-send it.

*Are the swaps shown on the ECM FN3 schedule for the phantom stock plan the
puts that we have been talking about?  If not do these swaps need to be
included in VAR and the non-trading portion of FN3?  I haven't seen them
before.   These are new puts.  I checked with Jan.  She said to include the
positions as non-trading equity.  The trades were both done in November by
Gary Hickerson's group.  Be sure he hasn't included them in his numbers.
We'll get the VaR for November and December to you on Wednesday.  (Steve,
this is yours).

*What is Yosemite?  Is it a TRS that I need to include in VAR and FN3?
Internally we call it a swap but in the legal document it is called an
Agreement.  It's actually more of a guarantee.  I talked to Jan about it and
we don't think it goes in FN3.

*For non-trading I\R and F\X, we are still missing all non-quarter end
months.    Jeff, this ones yours.  We need to send the information to
Research and have them run the VaR monthly in 2000 also.

*PGE - January,February and March VAR is missing on Eugenio's schedule.  I
don't have a clue what PGE's information is.  I only know about Rhythms which
is in a separate section.  You'll have to ask PGE.

*What month was the EOG sale effective?  We need commodity affiliate for all
of the non-quarter end months prior to the sale.  The sale took place August
16.  I have never even heard of any EOG commodity affiliate position.  I was
told Greg Adams handled these at one point.  I'll ask him tomorrow.


I agree.  This is another instance of a case where products seem to have been
opened/not correctly updated/changed.  I think it's safe to assume that they
shouldn't be trading Dutch power...

Also, they appear to be open for a slew of other European products for which
they shouldn't be open.  Thanks for the catch.

WG

 -----Original Message-----
From:  Jones, Tana
Sent: Tuesday, March 06, 2001 3:23 PM
To: Moran, Tom; Guidroz, Walter
Subject: MidAmerican Energy Company

Is there any reason why this counterparty has transact on NL power?  I cannot
believe they have a power marketing license there?


calnedar and meeting file
----- Forwarded by Steven J Kean/NA/Enron on 02/07/2001 07:31 AM -----

	Shirley A Hudler@ECT
	02/06/2001 05:13 PM

		 To: Steven J Kean/NA/Enron@Enron
		 cc: Jana Mills/HOU/ECT@ECT
		 Subject: CalPERS

Steve, Andy asked that you be on this call. This is Thursday the 15th.  I
will let you know details.  Thanks.
----- Forwarded by Shirley A Hudler/HOU/ECT on 02/06/2001 05:12 PM -----

	Shirley A Hudler
	02/06/2001 12:42 PM

		 To: afastow@enron.com, Rick Buy/HOU/ECT@ECT, Marty Sunde/HOU/EES@EES
		 cc: Kelly H Boots/HOU/ECT@ECT, Ben Glisan/HOU/ECT@ECT
		 Subject: CalPERS

CalPERS - Rick Hayes - has set up a conf call next Thursday to discuss the
California issue with Enron.  My asst took the call and indicated that Rick
had 10 or so people within CalPERS who wanted to talk to us.  She is
arranging for Rick and Marty (and myself) to be on that call.  I have
requested a list of individuals and their role within PERS to distribute.
Marty,  I will have my asst set up a meeting for you and me prior to Thursday
to discuss the call.

Let me know if you have any comments or questions or if anyone else would
like to or should be included on the call.

Shirley Hudler
Sr. Director
Enron Global Finance
713-853-4859


Hi Vasant,

 How are you?  Sorry to hear that you are getting swamped with work.

 I am doing my best to spend time with the Enron Credit team to learn about
their current (public firm) models.  In addition, I have begun to review
various econometrics approaches that may be applicable to the private firm
models (PCA, PLS, Cluster analysis, etc.).  Also, at the suggestion of Vince
and Slava, I am trying to work on the overall "strategic plan" (aka the
Duffie document).

 Amitava suggested that we might want to have a conference call on Tuesday
with Bryan, Markus and Vince to get an update on their ever changing strategy
and data needs.  Amitava said that he would ask Anita to coordinate this
conference call.

 Let me know if there is anything else you would like for me to do while I am
here.

Take care,
Iris


In the attached Assigned Commissioner's Ruling, hearings on the issue of the
allocation of DWR's revenue requirement are established.

> -----Original Message-----
> From:	Chang, Jeannie [mailto:jyc@cpuc.ca.gov]
> Sent:	Wednesday, September 26, 2001 5:09 PM
> Subject:	A.00-11-038 et al.
>
>  <<CPUC01-#107354-v1-A0011038_et_al__Brown_Ruling_.doc>>

 - CPUC01-#107354-v1-A0011038_et_al__Brown_Ruling_.doc


Jana,

We have already contacted him.

Vince

	From:  Jana Giovannini                           10/31/2000 08:55 AM

To: Vince J Kaminski/HOU/ECT@ECT
cc: Charlene Jackson/Corp/Enron@ENRON, Becky Bruce/NA/Enron@ENRON, Mary
Alison Bailey/HOU/ECT@ECT
Subject: Kin Tso - UT Candidate for direct hire

Vince,
Just wanted to follow up on our conversation yesterday regarding Kin Tso.
Charlene actually called Kin yesterday to let him know that your group was
interested in him as a direct hire and would be contacting him this week.  As
we discussed, Kin was told that his quantitative skills were a much better
fit for your group instead of our rotating Associate program.  We let him
know that the Associate program would not be making him an offer but he is
being considered for a direct hire.  Kin was receptive and is looking forward
to hearing from you.  We will consider this issue closed from the Associate
and Analyst Program.  We hope that you might find a direct hire fit for him
in your area.  If you have any additional questions, please let me know.
Thanks so much.


We are pleased to announce that Cliff Baxter has been named Vice Chairman of
Enron Corp.

Cliff joined Enron in 1991 and has served in a variety of leadership
positions in Enron Corp. as well as Enron,s wholesale business, including Sr.
Vice President of Corporate Development for Enron Corp., Chairman and CEO of
Enron North America, and Chief Strategy Officer for Enron Corp.

In his new role, Cliff will focus on the strategic repositioning of the
company as we continue to increase our return on invested capital.
Initially, much of that activity will center on the disposition of certain
assets.  Cliff,s leadership and experience at both the corporate and
operating company levels will enable him to lead the effort on this
company-wide priority.

Please join us in congratulating and supporting Cliff in his new role.


As part of Enron Industrial Market's (EIM) move into the Pulp, Paper and
Steel markets, our European effort is well underway. Our markets are global
in nature and we believe we need a strong presence in Europe to penetrate
that market effectively. Accordingly, we are pleased to announce that Bruce
Garner has been appointed President and Chief Executive Officer of Enron
Industrial Markets - Europe. In this role, Bruce will be responsible for all
activities for EIM in the European market.

Please join us in congratulating Bruce in his new position.


I'm still getting these.  Are you getting them also?

Love you,
Jenn
-----Original Message-----
From: TruOrange@aol.com <TruOrange@aol.com>
To: TruOrange@aol.com <TruOrange@aol.com>
Date: Monday, June 12, 2000 10:55 AM
Subject: True Orange, June 12, 2000, Part 1

Jerry Scarbrough's True Orange
The newsletter and fax/e-mail service for the True Texas Longhorn Faithful

Volume 10, No. 18, June 12, 2000

Two of State's Top Offensive Line Prospects Commit to Longhorns at Summer
Camp

Coach Mack Brown has revolutionized recruiting in Texas, making June just as
big  as January, and he got the ball rolling again last week with pledges
from the state's best offensive lineman, Jonathan Scott, 6-7, 295, 4.9, of
Dallas Carter, and another top o-line prospect in Will Allen, 6-5, 280, 5.2,
of Houston Cypress Falls.
Scott is on all the  national top 100 lists and turned down offers from 17
other schools such as Florida State, Michigan and Tennessee  to pick the
Longhorns.
Scott's father, Ray, a former tight end with the New York Jets, said
Jonathan
"was very impressed with coach Brown and all the coaches and he told me he
felt like the players were just one big family."
Scott also said his son "wants to get a degree from Texas because he wants
to
live in Texas after he graduates."
Scott committed last Wednesday at the conclusion of UT's first full 3 1/2
day
summer camp. It was the third straight summer he came to a Texas camp. "I
just like everything about Texas," Scott said, adding that the coaches told
him they want to work him at the key left tackle spot.
Allen, who already had scholarship offers from Arkansas, Duke, Tulsa and
South Carolina, also committed at the camp Wednesday, but didn't make it
public until Thursday.
He has been a starter since his sophomore year.
Allen said he came to the camp hoping to get a scholarship offer and was
eager to accept it when it was offered.
"I knew this was where I wanted to go if the opportunity presented itself,"
he said. "I like all the coaches and players at Texas, and the facilities
are
great. I feel like I can get a great education at Texas and just feel really
comfortable with my decision to commit early."
Allen had taken unofficial visits to Texas, Texas A&M, Notre Dame, LSU and
Baylor prior to coming to the Texas camp, and he said, "Texas has great
facilities, it's one of the top academic schools and it has an outstanding
football program with great coaches and kids. I just felt like it fit in
better here than anywhere else."
Both Scott and Allen are honor students who already are full qualifiers.
Another UT camp is underway right now, and there is good chance the
Longhorns
will get some more early commitments within the next several days.
Shane Simms of Tomball, another of the state's top offensive line prospects,
is attending this week's camp, and he wants to come to Texas, so he is
likely
to commit if he gets an offer.
The Longhorns have zeroed in on two nationally recruited quarterbacks ) Matt
Nordgren of Dallas Bishop Lynch and Bret Rawls of Shreveport Evangel ) and
offered scholarships to each of them when they attended UT camps last week.
Both are 6-5, and both are strong-armed passers with good mobility. Rawls
weighs about 200 pounds and Nordgren weighs 225.
The Longhorns will sign at least one quarterback, and it is hard to get two
top ones in the same class, so they probably are ready to take a commit from
either Nordgren or Rawls and call it quits on quarterback recruiting this
year.
Nordgren, who had been looking primarily at Stanford and other out-of-state
schools, said he is still wide open, but he said Texas and Texas A&M have
moved to the top of his list right now.
Asked if there is a leader, he said, "I'm still pretty open, but I like the
two big Texas schools. They both have outstanding coaching staffs."
He said the Longhorn coaches "told me I was the No. 1 quarterback for them
in
the state. I had an hour meeting with the coaches when I got there, and then
I had another meeting with coach Brown after the camp was over."
The Longhorns also appear to be homing in on an in-state running back, and
he
is Anthony Johnson, a 5-11, 196-pounder with 4.4 speed from Jefferson.
Johnson told me he was coming to Austin last Saturday to talk to the UT
coaches. He said they had invited him to come for an unofficial visit.
On tape, the thing that is most impressive about him is his speed at the
point of attack. He gets through a hole as quickly as anyone I have seen
this
year. He has a great combination of speed and power and he should be a
210-pounder after a year on a good college weight program.
The Longhorns probably will sign about 20 recruits, and 10 or 11 of them
will
be linemen if the coaches can get the ones they want.
Texas loaded up on speedy skill players in the last class, but this class
will be a true class of beef, with six or seven offensive linemn and four or
five defensive linemen if things break right.
If linemen do get 10 or 11 of the scholarships, look for the Horns to take
one quarterback, one or two running backs, one tight end, one or two wide
receivers, one or two linebackers and two or three defensive backs.
We've already looked at the quarterback situation and the in-state running
back picture. There are several out-of-state blue-chip running backs who are
interested in Texas, but they are long shots.
One of the running backs might be a fullback if the Horns can sign a great
one like 6-2, 240-pound James Buchanan of Sarasota, Fla. He says he might
visit Texas, but FSU is the leader right now, so he is a long shot for the
Longhorns.
The tight end Texas is after is James Moses, 6-3, 225, 4.7, of Galena Park
North Shore. He is the best one in Texas and one of the best in the nation.
He told me he might come to a Texas camp, and he said he likes the Longhorns
and the way they use their tight end.
The Longhorns are recruiting at least six wide receivers to try to fill two
spots. They are Armon Dorrough of Lancaster, Brandon Jones of Liberty-Eylau,
Bennie Brazell of Houston Westbury, Thomson Omboga of Grand Prairie, Keith
Mills of Garland and Lynzell Jackson of Union HS in Tempe, Arizona.
All of them are speedsters and all of them have some interest in Texas. The
Longhorns loaded up on wide receivers last year, but they have two senior
wide receivers and would like to sign two recruits to replace them.
Derrick Johnson of Waco is the linebacker of choice for Texas and everyone
else. He is a great prospect with size and speed. He came to the Texas
mini-camp last week, and he says the Longhorns are slightly ahead of Florida
State and Texas A&M.
Jonathon Jackson of Galena Park North Shore is another linebacker who is
rising on the charts. He is supposed to come to one of the Texas camps, and
he likes Texas and Penn State.
If the Longhorns can get Johnson and Jackson, they will have hit it big at
linebacker.
In the defensive backfield, safety Dewayne Brandon of Temple is the main
man.
He's 6-3, weighs 198 and he ran a 4.46 40 at the Austin Nike camp.
He likes Texas, but Nebraska and Florida State are in the hunt, too, along
with Texas A&M.
Texas wants to sign two cornerbacks, and there are some very good ones who
are interested, including Moses Harris of Dallas Carter, Cedric Griffin of
San Antonio Holmes, Dee Durham of Mansfield and Roger Ross of Denver
Jefferson.
That brings us back to the lines. There are more really top-notch offensive
linemen in Texas than I have seen since in the 10 years I have been doing
this, and, luckily for the Longhorns, that is their area of greatest need.
Texas has had depth problems in the offensive linemen ever since Brown and
his staff arrived. This is the year they should be able to sign as many top
prospects as they need.
With Scott and Allen already committed, there are four or five spots still
open.
One of those will be filled by Alfio Randall, if he graduates from Blinn JC
and becomes academically eligible. He signed with Texas out of Houston
Yates,
but failed to qualify and went to Blinn. He is on track to graduate in
December and he says he will enroll in Texas in January.
Another possibility is Greg Barnum, a former Killeen Ellison star who was
being boomed for All-America honors as a sophomore center at Tennessee
before
he abruptly quit the team last month, citing homesickness.
But Phil Fulmer, the Tennessee coach, won't grant Barnum a release to attend
a Division I school. That means he will have to pay his own way during the
year he is sitting out at his new school ) if he picks another Division I
school.
If he picks Stephen F. Austin, where his former coach at Killeen Ellison now
coaches, he can go on scholarship immediately.
I talked to Barnum Sunday night and he said he was going to drive to Austin
Monday "to just look around at UT. I know the coaches can't talk to me
(because he doesn't have a release), but I just want to come over there and
look around."
He said he has already visited Stephen F. Austin and probably will make up
his mind later this month about the course he will take.
"I'd like to go a big state school, but I'd also like to have a scholarship
right away," Barnum said. "I can't get a release from Tennessee, so I'll
have
to decide what I want to do."
He said he will try to get some student loans and grants if he enrolls at UT
as a non-scholarship student for the first year.
Under NCAA rules, he will have to sit out a transfer year at his new school,
then will have three years of eligibility remaining.
Other offensive line prospects Texas is recruiting include Simms, Abe
Robinson of Houston Jersey Village and Roman Reeves of Livingston (who all
came to UT camps this summer), plus Jami Hightower of Jacksonville, Ben
Wilkerson of Hemphill and William Winston of Houston Madison.
Hightower, Wilkerson and Robinson join Scott on many of the national top 100
lists.
Texas has a good shot at all of the offensive linemen I mentioned except
Wilkerson, and the Horns are on his radar screen now after being absent
throughout the year.
The supply of offensive linemen is so plentiful that I think the UT coaches
can sign five, six or seven very good ones, depending on how many they think
they need.
The picture isn't as rosy on the defensive side of the ball. DT Tommie
Harris
of Killeen Ellison is a great prospect, and DT Thomas Derricks of Dallas
Jesuit is very good. Harris is strongly considering Texas, but Derricks has
no interest in the Longhorns at this point.
They are the only sure-fire top tackles I have found in the state at this
point.
There are some big ends who might grow into tackles. For example, Simeon
Jones of Houston Jones is 6-3 and 240, but he has just turned 16, too. He's
a
year younger than most of the guys being recruited, so he might get a lot
bigger.
There also are some out-of-state tackles who have a little interest in
Texas,
including Marcus Spears, 6-5, 275, 4.8, of Baton Rouge Southern Lab, and
Marquise Hill, 6-7, 280, 4.9, of New Orleans DeLaSalle.
Some other tackles who could emerge as seniors include Sharod McGowan of
Waco
and Jeremy Calahan of Pflugerville. They both looked great at times as
juniors and could become top prospects with more consistent performances as
seniors.
The picture is brighter at end. Kevin Everett of Port Arthur Jefferson,
Jones, McKenzie Tilmon of Irving MacArthur, Jamie Jackson of Andrews and
Colin Allred of Dallas Hillcrest are very good in-state prospects, and the
Horns are in on two out-of-state DEs who were born in Texas  ) Eric Hall,
6-3, 232, 4.5, of Clarksville, Tenn., and Kaelen Jakes, 6-4, 240, 4.75, of
Valencia, Cal.

It's a Great Time to Subscribe
To The Fax/E-Mail Service
Get Instant Year-Round Fax/E-Mail
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With Hot Recruiting News !
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just include the right numbers.

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Name

Fax No.
(or E-Mail or mailing address)

900 Number Updated Often

I update my 900 number every Wednesday and Sunday by 8 p.m. with recruiting
and other football news.  The number is 1-900-288-8839. It costs $1.59 a
minute. You must be 18 to call.

Longhorns Fifth in NCAA Golf

The young Longhorn men's golf team finished in fifth place at the NCAA
Championships in Opelika, Ala.
Texas started the final round in second place just three shots off the lead,
the Longhorns finished with a four-day total of 1125 (-27).
Oklahoma State captured the national team title after defeating Georgia Tech
on the first hole of a playoff. Both OSU and Georgia Tech posted four-round
scores of 1116 (-36), breaking the NCAA Championship record for team score.
Arizona recorded a final-round 274 (-14) to place third at 1118, while
Houston registered a final-round 272 (-16) to finish in fourth place at
1122.
After scoring just one over-par round in the first three days of the
tournament, Texas was forced to count three over-par scores on the final
day.
Sophomore David Gossett posted a four-over-par 76 in the final round to slip
into a tie for third place in the individual standings. Gossett posted a
four-day total of 275 (-13).
Freshman J.J. Wall tied for 20th at 283 (-5). Sophomore John Klauk  tied for
34th at 286 (-2). Sophomore Matt Brost tied for 53rd at 291 (+3). Sophomore
Russell Surber  finished in a tie for 68th at 295 (+7).
"I'm really proud of our effort as a team," said third-year head coach John
Fields. "Although we did not play at the same level which we did during the
first three days, placing fifth in the nation with four sophomores and one
freshman is a great achievement for our program."
The fifth-place showing marked the best performance by Texas since the Horns
placed third in 1995. It also marked the best performance by a
Fields-coached
squad, as his New Mexico team tied for sixth in 1996.

Women 3rd in NCAA Golf

The Texas women's golf team finished third at the NCAA Championships in
Sunriver, Oregon.
The Longhorns, who finished ninth in last year's NCAA Championships,
finished
two strokes behind second place Stanford (301-298-297-300=1196, +44) and 23
shots behind first place Arizona (299-285-281-310=1175, +23).
The third-place showing is Texas' best finish at the NCAAs since Kelli
Kuehne
led UT to a third-place mark in 1996. It is UT's 11th overall and third
straight top-10 finish at the NCAA Championships, dating back to 1982.
"I'm so proud of this team," said Texas head coach Susan Watkins.
"We put forth a lot of effort today and everyone on the team made an impact
over the last four days," Watkins said. "I can't ask for anything more from
this team."
"We accomplished our goal that we set at the beginning of the season, which
was to finish in the top five at the NCAA Championships."
"Our hard work paid off in the end and I'm pleased that I was able to coach
this group of players all year long," Watkins said. "Everyone did a
wonderful
job."
Sophomore Kristin Dufour was Texas' top finisher at the NCAAs, posting a
72-hole score of 13-over par 301 (74-77-73-77) to tie for 25th place
overall.
Freshman Jessica Reese finished with a 14-over par 302 (75-78-75-74) to tie
for 29th place, while sophomore Randi Meadows tied for 34th at 15-over par
(74-76-71-82=303).
"Our hard work paid off in the end and I'm pleased that I was able to coach
this group of players all year long," Watkins said. "Everyone did a
wonderful
job."
Sophomore Kristin Dufour was Texas' top finisher at the NCAAs, posting a
72-hole score of 13-over par 301 (74-77-73-77) to tie for 25th place
overall.
Freshman Jessica Reese finished with a 14-over par 302 (75-78-75-74) to tie
for 29th place, while sophomore Randi Meadows tied for 34th at 15-over par
(74-76-71-82=303).
Juniors Suzanne Sowers  and Laura Blessey rounded out Texas' play with
scores
of 16-over par 304 (73-83-72-76) and 21-over par 309 (78-77-78-76) to tie
for
41st and 68th place.
Arizona's Jenna Daniels won the individual crown with a one-under par 287.

High School Subs at 157

True Orange is going to 157 schools, thanks to George Hooper of Austin, who
renewed the subscription for his alma mater, Sweeny.
I offer a school gift subscription for $35 for 24 issues (omitting the June
and July issues when schools are closed for the summer).
If you want to subscribe for a school, fill out the coupon below and send
$35
instead of $45 for each school you want to sponsor.
If you don't have a school in mind, I'll be happy to pick one for you. There
are several schools in all areas of Texas where the libraries need a
Longhorn
newsletter.

A Perfect Gift for the Longhorn
Fan Who Has Everything Else
A subscription to True Orange is the perfect gift for any occasion for a
Longhorn who has everything else. It's only $45  ($35 by e-mail) and I'll
send  an attractive card announcing your thoughtful gift.
The only thing better is  a gift of  True Orange and the True Orange Fax  )
and you can give both for just $130 a year ($99 if they can take both by
e-mail).

o  I am enclosing $45 for a gift subscription ($35 e-mail)
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($99 e-mail)

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Football Notes . .

Leonard Davis, UT's outstanding offensive tackle, suffered an ankle injury
last week. It is believed to be a sprain.
Further tests will be conducted this week. If it is a sprain, he should be
able to recover in time for the start of football practice in early July. If
the injury turns out to be more severe, it could cause him to miss some of
the pre-season practices.
* * * *
The off-season conditioning workouts are going great and some of the
offensive linemen appear to be dropping some pounds.
Junior Mike Williams and senior Cory Quye, the two veterans who will battle
for the right tackle slot, both look more fit than I have ever seen them.
Williams still needs to drop a few more pounds so he can have the quickness
to pick up speedy outside pass rushers, but he is making progress. Quye
looks
like he is ready to start the season right now.
* * * *
Most of the key incoming freshmen are in Austin for the summer.
QB Chance Mock arrived last weekend and he looks like he has been following
strength and conditioning mentor Mad Dog Madden's recommendations.
He appears to be about 6-2 210 or 215 pounds. He looks like he could play
linebacker. That's what happened to his dad, Mike, a great QB prospect from
Longview more than 25 years ago.
Mike signed with Texas Tech and was moved to linebacker, where he starred at
Tech and earned some playing time in the NFL
But that won't happen with Chance Mock. He is a Michael Vick-type
quarterback, with a great arm, quick feet and a sturdy body.
And even if he could play linebacker, the Longhorns don't have enough bodies
at quarterback to even give that a thought.
* * * *
DT Marcel Moses of Texas City has failed to qualify academically and will go
to Kilgore JC. DT Sonny Davis of Austin Lanier and RB Sneezy Beltran of
Abilene are the only other recruits who have not qualified and they are very
close to making it.

UT Basketball Trio Europe-Bound

Three Longhorn basketball players will be traveling to Europe later this
summer.
Rob Lanier, a Longhorn assistant coach, is taking a collegiate all-star team
to Greece next week to play some international teams.
Guard Maurice Evans, who sat out last season after transferring from Wichita
State, and guard-forward Chris Ogden will be on the team.
Forward Chris Owens is one of 12 Big 12 players who will be traveling to
Europe in August to play several international all-star teams. Colorado
coach
Ricardo Patton will lead that group.everal schools in all areas of Texas
where the libraries need a Longhorn newsletter.


I agree with Isabel on this point.

-----Original Message-----
From: PARKER, Isabel [mailto:isabel.parker@freshfields.com]
Sent: Tuesday, May 01, 2001 1:40 PM
To: 'Kay.Mann@enron.com'; gregorylang@paulhastings.com
Cc: ccampbell@kslaw.com
Subject: RE: GE Legal Opinion

This e-mail is confidential and may well also be legally privileged. If you
have received it in error, you are on notice of its status.  Please notify
us immediately by reply e-mail and then delete this message from your
system.  Please do not copy it or use it for any purposes, or disclose its
contents to any other person:  to do so could be a breach of confidence.
Thank you for your co-operation.  Please contact our
IT Helpdesk on +44 (0) 20 7936 4000 Ext.2000 or email ITHelp@freshfields.com
if you need assistance.

I am indifferent so long as whoever signs is authorized and we have an
incumbency certificate covering them.
Thanks
Isabel

-----Original Message-----
From: Kay.Mann@enron.com [mailto:Kay.Mann@enron.com]
Sent: Tuesday, May 01, 2001 12:27 PM
To: PARKER, Isabel; gregorylang@paulhastings.com
Cc: ccampbell@kslaw.com
Subject: RE: GE Legal Opinion

Isabel and Greg,

I'm having a logistical problem.  The only managing director of Salmon is
not in the office today.  I can have the membership certificates signed by
(1) a vice president or (1)  the managing member or (3) elect a new
managing director.  What's your preference?

Kay

"paulhastings.com" made the following annotations on 05/01/01 13:57:11
------------------------------------------------------------------------------
NEW E-MAIL ADDRESSES AT PAUL, HASTINGS, JANOFSKY & WALKER LLP

We have changed our e-mail address.  Our new domain name is
paulhastings.com.  In most cases, our address is composed of conventional
first name and last name plus @paulhastings.com.  Here are two examples:
janesmith@paulhastings.com and danjones@paulhastings.com.  If you have any
questions, please contact us at noc@paulhastings.com.

==============================================================================
"The information transmitted is intended only for the person or entity to
which it is addressed and may contain confidential and/or privileged
material. Any review, retransmission, dissemination or other use of, or
taking of any action in reliance upon, this information by persons or
entities other than the intended recipient is prohibited. If you received
this in error, please contact the sender and delete the material from all
computers."

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


I will be out of office Thursday and Friday, 10/25 - 10/26. Please contact TMS oncall if you need any assistance. Thanks and have a great weekend!
Wayne


I think this looks good and is more than sufficient. Thanks.

To: Richard Shapiro/HOU/EES@EES
cc:
Subject: Stanlet Statement

Attached is a version of the Stanley statement which I have revised following
our discussion with Glenn Leslie.  As I looked at it, I didn't think that any
changes to the text were  required and that what was needed was an
introductory note explaining the purpose and intended use of the statement.
Let me know what you think and if you think any further changes are needed.
Thanks, Aleck
---------------------- Forwarded by Aleck Dadson/TOR/ECT on 08/10/2000 11:47
AM ---------------------------

Lisa Ramsay
08/10/2000 12:41 PM
To: Aleck Dadson/TOR/ECT@ECT
cc:
Subject:

I hope this one is okay.

Lisa.


I have your list and will be sending you an e-mail shortly.

Thanks.


vkamins@enron.com, To unsubscribe send a blank mailto:leave-enerfaxtext-16362929Y@relay.netatlantic.com

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| Trunk ELa                | 2.24  |
| Western Region
| California Border        | 2.16  |
| El Paso Keystone         | 2.05  |
| El Paso San Juan-Blanco  | 2.05  |
| Waha Hub                 | 2.12  |
| Canadian/Rockies Region
| Nova/Aeco (C$/gig)       | 2.86  |
| Dawn Hub/Union           | 2.32  |
| Northwest Stanfield      | 2.04  |
| Wyoming Pool             | 1.97  |
| Opal/Kern River          | 1.97  |
| PGT-Malin                | 2.12  |
| Sumas                    | 2.04  |
           Flow Date 1/15
-------------------------------------------------------------

NATURAL GAS FUTURES
Henry Hub
12 Month Strip  2.5345 +0.0247
18 Month Strip  2.6547 +0.0205
| Month | High  |  Low  | Close | Change |
| FEB   | 2.325 | 2.200 | 2.250 | +0.046 |
| MAR   | 2.300 | 2.190 | 2.240 | +0.037 |
| APR   | 2.330 | 2.230 | 2.277 | +0.027 |
| MAY   | 2.390 | 2.290 | 2.348 | +0.026 |
| JUN   | 2.450 | 2.380 | 2.413 | +0.023 |
| JUL   | 2.525 | 2.460 | 2.483 | +0.023 |
| AUG   | 2.570 | 2.510 | 2.528 | +0.023 |
| SEP   | 2.570 | 2.510 | 2.532 | +0.022 |
| OCT   | 2.585 | 2.525 | 2.557 | +0.022 |
| NOV   | 2.785 | 2.735 | 2.762 | +0.017 |
| DEC   | 3.000 | 2.925 | 2.967 | +0.017 |
| JAN   | 3.080 | 3.020 | 3.057 | +0.013 |
-------------------------------------------------------------
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-------------------------------------------------------------
Natural Gas Futures End Up on Short-Covering

    Natural gas futures for February delivery on the NYMEX  settled up
$0.046 yesterday at $2.25 per MMBtu on funds short covering. The March
contract gained $0.037 to $2.24 per MMBtu. Funds held an all-time high
number of net short positions, 47,104 on January 8th, according to the
CFTC report. Mild weather and huge levels of natural gas in storage
battled with short-covering rallies to keep the market trading in a $0.15
range over the past week, a trend likely to continue until fundamentals
change. Support has been constant at $2.14 per MMBtu, a level that has
been tested in October, the end of November and last week. Expect
resistance to be tested tosday at $2.38 and maybe $2.48 with technical
support at $2.23, $2.14 and then $1.88. In the longer term, declining rig
counts point to natural gas production levels dropping and supply
tightening as the storage excess is worked off this summer. Last week, the
total rig count was 856 compared with 1,121 a year ago. A 25% reduction in
exploration and development programs is expected this
year as companies cut back capital budgets in response to the lower
prices. Natural gas for next day delivery across the US and Canada was
generally flat to up $0.05 Friday. Natural gas for next day delivery at
the Henry hub gained $0.02 to $2.32 per MMBtu.
-------------------------------------------------------------
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-------------------------------------------------------------
Today's Power Bulletins
 * Judge Says PG&E Not Provided Enough Information About Environmental
Impact of Transferring Hydroelectric System Assets to Parent Corporation
 * Enron Attorney Bennett Decries Washington Scandal Mindset
 * Arch Coal Prep Plant Recognized for Safety Excellence
 * Acumentrics and NiSource Reach Agreement for Stock Investment,
Exclusive Distribution and Purchase of Fuel Cells
 * Allegheny Energy Announces Exchange Offer for 7.8% Notes Due 2011
 * MidAmerican Energy Achieves 3 Billion kWh  in Illinois Retail Sales
 * S&P Says Record $115.4 Billion in Corporate Defaults in 2001
 * Former Enron Senior Executives Launch New Company, Celeren Corporation
 * West Spot Power Prices Rise on Weather and Generation Curtailments
-------------------------------------------------------------
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-------------------------------------------------------------
 Lawmaker Accuses Enron Executives of Insider Trading

    Rep John Dingell of Michigan, the top Democrat on the House Energy and
Commerce Committee, claims to have pretty strong evidence of insider
trading as well as false accounting in the collapse of Enron. He also says
that there is clear evidence of failure to file honest and correct annual
reports required by the SEC. Dingell says that false accounting appears to
be a very major problem, and it appears that both Enron and Andersen were
involved. Andersen, Enron's accounting firm, has admitted that it
destroyed a number of documents. Some Enron shareholders have filed a
lawsuit accusing Enron executives and directors of unlawful insider
trading and misleading the investing public. The Justice Department is
also investigating. Dingell is one of 188 House of Representative members
who received campaign contributions from Enron.
-------------------------------------------------------------
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price volatility.

AURORA delivers -

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Visit us at www.epis.com or call (503) 722-2023.

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Market Information Solutions for the Electric Power Marketplace
-------------------------------------------------------------
Natural Gas NYMEX Volume
02FEB   25,267
02MAR   14,388
02APR   12,274
02MAY    4,922
02JUN    1,828
02JLY    2,212
02AUG      810
02SEP    1,533
02OCT    2,759
02NOV    1,151
02DEC      721
03JAN    2,188
03FEB      751
03MAR    1,148
03APR      574
03MAY      267
03JUN      579
03JLY      322
03AUG      293
03SEP      242
03OCT      468
03NOV      151
03DEC      151
04JAN       61
-------------------------------------------------------------
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--------------------------------------------------------------
Aquila and NiSource Form Alliance

    Aquila and NiSource have formed alliance to capitalize on market
opportunities and deliver comprehensive energy solutions by leveraging
their combined capabilities and knowledge. NiSource says the alliance will
allow both companies to focus on their individual core businesses and
combine their complementary expertise to leverage the value of NiSource's
asset base and Aquila's merchant capabilities to create greater value,
with less associated risk, than either company could achieve on its own.
NiSource's operations are focused in the high-demand energy corridor that
stretches from the Gulf of Mexico to New England. This region represents
30% of the nation's population and accounts for 40% of the its energy
consumption. NiSource is the 3rd-largest natural gas distributor in North
America, the 2nd-largest holder of natural gas storage and the largest
nataural gas producer in the Appalachian basin. The company also owns and
operates 16,500 of interstate pipeline and electric generation assets in
northern Indiana.
-------------------------------------------------------------
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main phone number:  1 510-548-6200
email address: info@fea.com
-------------------------------------------------------------
PHYSICAL POWER PRICES
|            | High  |  Low  | Average |
|            | $/MWh | $/MWh |  $/MWh  |
| Cinergy    | 18.50 | 16.50 |  17.10  |
| ECAR       | 22.00 | 16.50 |  18.45  |
| ERCOT      | 17.50 | 17.25 |  17.30  |
| Entergy    | 19.00 | 18.05 |  18.35  |
| TVA        | 23.75 | 21.70 |  22.30  |
| ComEd      | 19.60 | 18.00 |  18.50  |
| Nepool     | 30.50 | 29.75 |  30.05  |
| PJM West   | 23.50 | 22.00 |  23.25  |
| Main       | 19.60 | 18.05 |  18.35  |
| MAPP       | 20.50 | 18.00 |  19.10  |
| Palo Verde | 26.00 | 22.00 |  23.90  |
| Mid C      | 21.25 | 18.75 |  20.00  |
| COB        | 22.50 | 22.00 |  22.25  |
| 4 Corners  | 23.00 | 22.50 |  22.75  |
| Mead       | 25.75 | 22.75 |  23.70  |
| NP 15      | 25.75 | 22.50 |  23.95  |
| SP 15      | 26.25 | 23.00 |  24.50  |
            Power Delivered 1/15
-------------------------------------------------------------
Employees Letter Warns of Enron's Collapse

    An unidentified employee sent a letter to Enron Chairman Kenneth Lay
last summer that alleged the company would implode in a wave of accounting
scandals unless the it changed its accounting practices. The employee also
met with Lay to provide proof. Two congressmen have demanded all records
relating to a review of the employee's allegations, made by outside
attorneys. The employee said that a veil of secrecy surrounded Enron's
partnerships, which moved large amounts of debt off the company's balance
sheets. According to the letter, several senior Enron employees
consistently questioned the company's accounting practices to senior Enron
officials, including CEO Skilling. Enron has hired an outside law firm to
review the charges, but allegedly told the attorneys not to second-guess
accounting advice and not to analyze the questioned transactions in
detail. The law firms review concluded that the questions raised by the
employee did not merit further investigation by independent counsel and
auditors, according to the congressmen. But the review noted that there
was a serious risk of adverse publicity and litigation from the
partnership transactions.
-------------------------------------------------------------
Allegheny Energy Supply Company, Salt River Project (SRP) and Sempra
Energy
Resources announce Open Season for proposed Desert Crossing Gas Storage
and
Transportation System. Open Season for customers interested in capacity
begins Jan. 10, 2002 and extends through Feb. 8, 2002.  For information,
visit www.desert-crossing.com
-------------------------------------------------------------
Todays Gas Bulletins
 * Enron Has Retained About 800 Trading and Marketing Staff, Including
Paying 75 Traders $50 Million to Stay on Board
 * Proponents of Multibillion Dollar Natural Gas Pipeline to Alberta, from
Alaska's Prudhoe Bay via Beaufort Sea, to File Plan for Project this Week
 * KPMG Censored by SEC for Auditing Conflict
 * Anadarko Says 4th Quarter Earnings to Fall Short of Wall Street
Estimates
 * Senator Joseph Lieberman Says Andersen Could Face Criminal Indictment
 * Royce Ramsay Named Vice President of Williams' Western Natural Gas
Pipelines
 * OGE Energy 4th Quarter 2001 Earnings Release Conference Call Scheduled
for
January 29th at 8 AM CST
 * Strategic Research Institute to Host 3rd Annual Coalbed and Coal Mine
Methane
Conference March 25th & 26th at Marriott Denver Southeast
------------------------------------------------------------
 Ziff Energy Group presents
Gas Storage 2002
Redefining the Fundamentals:
Is Gas Still in the Storage Game?
Power Drives Storage
Will the recession affect plant and storage development?
Will record high volumes in storage further depress gas prices?
Is it possible to mitigate storage risk while dealing with year-round
price
volatility?
Plus
Two Important Workshops
Calpine Corporation
Hear what the Power Generator wants from the storage industry
Bruce Bernard
Learn from the expert how to mitigate storage price risk in the 2002 gas
marketplace
February 6 & 7
Houston
Four Season Hotel
1300 Lamar Street
Register Today for this Important Conference
Call 1-800-853-6252

Email: gasconference@ziffenergy.com

Visit: www.ziffenergyconferences.com

-------------------------------------------------------------
Oil Majors Seeking Foothold in Power and Natural Gas Sector

    Oil majors like ExxonMobil and ChevronTexaco are looking to expand
their power assets in developing countries and create a stronger presence
in the deregulated North American power market. But, antitrust regulations
could present a road block to more consolidation. Shell and BP have
already entered the growing natural gas and power markets, as backers of
Intercontinental Exchange. Among the majors, Shell has made the most
inroads into the power market with its 68% share of Intergen, a joint
venture with Bechtel. However, Shell has the smallest presence in the
natural gas market of any of the big integrated oil companies. Shell says
it is interested in strengthening its exploration and extraction
activities, and especially its natural gas business, which could also
include acquisitions. In the past 3 years, Shell has only made $6 billion
worth of acquisitions, far less than some competitors. Concerns over
antitrust regulations in the US has led big oil companies to increase
their power assets in developing countries, where demand growth will be
the strongest. ExxonMobil has 6000 MW of power generation capabilities in
China, and is considering other projects in Europe, Asia, Africa and
Central America. An expected switch from oil to cleaner burning fuels has
also provided an incentive for big oil to invest in wind and solar power.
BP is the biggest solar power producer in the world and Shell is actively
involved in the sector. BP Solar has manufacturing plants in the US,
Spain, Australia and India and a 20% market share worldwide. Shell
launched its first commercial US wind power station last year and has
committed to spend up to $1 billion by 2006 on renewables.
-------------------------------------------------------------
 R. W. Beck is an engineering and management consulting firm serving
utilities, developers, financiers and governments worldwide.  Founded in
1942, we help our clients face energy market challenges by providing:
Portfolio Analysis to improve diversification and risk-adjusted
performance
of energy assets.
Risk Control services to help reduce the probability of losses.
Systems and Facilities services to identify, design and implement
effective
risk management systems.
Training to improve your ability to identify and manage tactical and
strategic risks.
Please visit our web site at http://www.rwbeck.com
-------------------------------------------------------------
POWER FUTURES
| Month |   COB   | Change  |   PV    | Change |
| FEB   |  22.00  |  +0.00  |  23.00  | +0.50  |
| MAR   |  20.50  |  -0.50  |  23.00  | +1.00  |
| APR   |  20.90  |  -0.10  |  24.25  | +0.25  |
| MAY   |  19.00  |  -1.00  |  25.25  | +0.25  |
| JUN   |  20.50  |  -0.50  |  30.00  | +0.00  |
| JUL   |  30.50  |  +1.50  |  40.00  | +0.00  |
| AUG   |  10.50  |  +1.00  |  44.25  | +0.00  |
| SEP   |  35.00  |  +0.00  |  35.00  | +0.00  |
| OCT   |  27.00  |  +1.00  |  27.50  | +1.25  |
| NOV   |  26.50  |  +1.50  |  27.00  | +0.75  |
| DEC   |  27.50  |  +0.50  |  27.50  | +1.25  |
| JAN   |  27.00  |  +0.00  |  27.00  | +1.00  |
| Month | Entergy | Change  | Cinergy | Change |
| FEB   |  19.50  |  +0.00  |  21.30  | +0.00  |
| MAR   |  20.30  |  +0.00  |  22.15  | +0.00  |
| APR   |  20.30  |  +0.00  |  22.15  | +0.00  |
| MAY   |  23.50  |  +0.00  |  25.50  | +0.00  |
| JUN   |  29.50  |  +0.00  |  32.25  | +0.00  |
| JUL   |  38.25  |  +0.00  |  42.50  | +0.00  |
| AUG   |  38.25  |  +0.00  |  42.50  | +0.00  |
| SEP   |  21.75  |  +0.00  |  23.00  | +0.00  |
| OCT   |  22.40  |  +0.65  |  23.20  | +0.00  |
| NOV   |  22.40  |  +0.00  |  23.20  | +0.00  |
| DEC   |  22.40  |  +0.00  |  23.20  | +0.00  |
| JAN   |  24.50  |  +0.00  |  26.00  | +0.00  |
-------------------------------------------------------------
Power Futures
| Month |  PJM  | Change |
| FEB   | 25.40 | +0.00  |
| MAR   | 24.85 | +0.00  |
| APR   | 24.85 | +0.00  |
| MAY   | 28.40 | +0.00  |
| JUN   | 36.00 | +0.00  |
| JUL   | 49.50 | +0.00  |
| AUG   | 49.50 | +0.00  |
| SEP   | 25.50 | +0.00  |
| OCT   | 25.20 | +0.00  |
| NOV   | 25.20 | +0.00  |
| DEC   | 25.20 | +0.00  |
| JAN   | 28.75 | +0.00  |
-------------------------------------------------------------
Brownell Says FERC Should End El Paso Case

   The FERC should expeditiously wrap up its investigation into whether El
Paso manipulated the California natural gas market last winter to inflate
prices by billions of dollars, according to FERC Commissioner Brownell.
The California PUC, PG&E, and Southern California Edison claim El Paso
withheld capacity on pipelines into the state from November 2000 through
March 2001. El Paso has maintained it is innocent of any wrongdoing.
Brownell says that if there are violations of rules, the rule breakers
should be punished. But, barring such violations, those firms should be
exonerated, she said in a filing with the ALJ overseeing the El Paso case.
The ALJ ruled last October that El Paso did not drive up natural gas
prices on its pipeline into California at a time when the state was
struggling with an energy crisis. But FERC reopened the El Paso
investigation in December, saying the issue needed to be reexamined to
ensure consumers were protected.
-------------------------------------------------------------
Energy Seminars, Inc. Announces Key Seminar Offerings for January:

Energy Seminars will be going to Florida and Calgary in 2002!

Click to www.energyseminars.com to see our 2002 schedule.

Register on-line at http://www.energyseminars.com or call Registrar Gina
Patrick

Phone: 281-362-7979
FAX: 281-296-9922
--------------------------------------------------------------------------------------------------------------------------

Memo Directs Anderson Employees to Destroy Enron Documents

    A memo directing Andersen employees to destroy everything except basic
work papers related to its Enron audits, just 4 days before Enron revealed
a $618 million loss, has caused many to question whether an obstruction of
justice occurred. Thousands of e-mails and other files that might have
shed some light on the events leading up to Enron's bankruptcy were lost,
according to reports. Andersen said that some employees destroyed the
Enron files before the SEC began its investigation. A Senate panel has
issued subpoenas for documents from Enron, Andersen and 49 current and
former officers and directors. Andersen is the subject of a Congressional
investigation, a federal criminal inquiry and lawsuits from shareholders
that may cost it billions of dollars. There has been speculation that
Andersen is considering a merger with another member of the Big 5
accounting firms to prevent its collapse. According to reports, Andersen
supervisors repeatedly reminded employees of the memo prior to the
issuance of subpoenas by the SEC. Enron paid Andersen $25 million last
year for its audit and $27 million for consulting fees and other matters.
In addition, Enron's chief accounting officer and its CFO previously
worked for Andersen. Last year Andersen settled a lawsuit over its
accounting work, which was brought by shareholders of Sunbeam, for $110
million. It also agreed to a $20 million settlement in a class-action
lawsuit stemming from its audit of trash company Waste Management.
-------------------------------------------------------------
                Progas Storage Services, Inc

Was recently organized to offer specialized natural gas storage services
to marketers and end users servicing the upper Midwest and Northeast
market regions along the major transmission systems in Indiana, Illinois,
Kentucky, and Michigan. PGSMI has 10 bcf of potential working capacity
which will offer service along TXG, ANR, Midwestern, and is currently
evaluating for purchase another 21 bcf of potential working capacity which
can be serviced by these and other systems in the region. PGSMI also
explores for natural gas in the Gulf Coast region through a wholly owned
subsidiary. Progas intends to go public through a route of private
industry offerings, and an IPO or registration. For more information on
services or the company mail to: gastorage@aol.com or for AOL mail to
gastorage@aol.com;
The company's executive and administrative office is located in Abilene,
Texas with storage operations in Owensboro, KY and exploration operations
in Corpus Christi, TX.
Vist our website http://www.progas.net/wip
Progas Storage Services, Inc
8610 S. Hwy 277
Abilene, TX 79606

Ph 915 698 3699
Fx 915 698 2859
-------------------------------------------------------------
Enron Plummets Off PFC 50 Ranking as Russian Majors Move Up

    Other than the September 11th disaster, Enron's collapse is the
biggest story in the capital markets in 2001 and within the PFC 50. Enron,
once ranked as high as 5th among global energy companies, left the natural
gas and power landscape dramatically changed. However, in the midst of the
turmoil in US energy markets, the Russian energy majors clearly emerged as
winners in 2001, surpassing all of the PFC 50 companies in market returns.
Among the Russian companies in the PFC 50, Yukos entered the rankings at
number 38. Gazprom moved up 6 spots to 35. Lukoil and Surgutneftegaz were
at spots 44 and 33 respectively. Conoco and Phillips were the 2 of the
most active players in M&A in the PFC 50 in 2001. Their recent plans to
merge, coupled with the acquisitions of Tosco and Gulf Canada in 2001,
signals the continuing importance of consolidation in the energy sector.
Also, the swap agreement between E.On and BP reinforces the trend of
convergence within industry consolidation. Pending regulatory approval, E
On will increase its share in Ruhrgas to over 32%, and BP will acquire a
51% stake in Veba Oel. From a convergence standpoint, the swap will give E
On added strength in its efforts to expand its natural gas business in
Europe. As a result of Enron's fallout, credit quality for Enron's peers
has been re-assessed and downgraded in some cases. In response to credit
reassessments and poor market performance, companies such as El Paso,
Dynegy, Williams and have initiated capital restructuring programs to
reassure investors, creditors, and rating agencies. Given the credit
watches and budget cutbacks, the PFC 50 report examines which of the
merchant energy companies and utilities are best suited to capture some of
Enron's lost market share. The PFC 50 serves as a reference guide for
international energy companies competing in a changing and converging
landscape. The PFC 50 report is updated quarterly and covers top
performers, M&A, strategies, and business models. Visit www.pfcenergy.com
for full details.
-------------------------------------------------------------
FINANCIAL SUMMARY
The TSE 300 dipped 78.65 points to 7623.28
The CRB Index slid 1.89 points to 192.50
The US Dollar decreased 0.16 points to 116.48
The Dow declined 96.11 points to 9891.42
The S&P 500 dropped 7.19 points to 1138.41
The Nasdaq was down 31.72 points to 1990.74
February NYMEX Crude Oil fell 0.79 to 18.89
Canadian-US Exchange lost 0.0001 to 1.5971
-------------------------------------------------------------
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Outlook Email Readers-subscribe to webmail by writing to:
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-------------------------------------------------------------
Washington DC
January 24, 2002
Spencer Abraham U.S. Secretary of Energy to address energy community on
potential security and commerce threats. Also to speak will be key
directors
from the CIA, SPR, IEA, SPR and more. See complete
detail and register today at
http://www.wesc.org
-------------------------------------------------------------
Please welcome our advertisers by visiting these websites.
http://www.e-acumen.com
http://www.kwi.com/
http://www.fea.com/
http://www.caminus.com/
http://www.progas.net/wip
http://www.ziffenergyconferences.com/
http://www.energyseminars.com
http://www.desert-crossing.com
http://www.epis.com
http://www.rwbeck.com
http://www.NewEnergyAssoc.com

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[IMAGE]

Thank you for using our automated self service password reset option.

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Please follow the steps to reset and synchronize your passwords.

1.        Go to ehronline.enron.com
2.       Click on the [IMAGE] button
3.       Enter your User Id (SAP Personnel Number) and temporary password (located at the bottom of this email)
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This is in reference to Sitara # 228914.

Gracias, Amiga.

D
---------------------- Forwarded by Daren J Farmer/HOU/ECT on 04/04/2000
03:30 PM ---------------------------

"Christensen, Trey" <TChristensen@anpower.com> on 04/03/2000 12:53:50 PM
To: "Jennifer Sabine (E-mail)" <Jennifer.Sabine@enron.com>, "Darren Farmer
(E-mail)" <dfarmer@enron.com>
cc: FUEL <FUEL@anpower.com>
Subject: Transaction Confirmation Sheets

Jennifer/Darren
Would you please forward to Lisa Maillet (Fax# 508-786-7201) a copy of the
Transaction Confirmation sheet regarding the gas (2,977 MMBtu at LSP
interconnect with Oasis-Waha and 5,000 MMBtu at LSP interconnect with PG&E
NTP-36" Maypearl) MELP, as limited agent for ABB Alstom Power Inc, purchased
from Houston Pipe Line this past Wednesday (3/29/00).
Thanks
Trey


Dear Mr. Kaminski:

                            I would  like to explore the opportunity to join
Enron Investment Partners. I understand that Enron has $20 million fund set
up to finance start-ups, and Gene Humphreys and his assistant John Godbold
are trying to attract minority -owned start-up firms. I also learned that
Enron has plans to increase the size of this fund to $200 million. I can find
these opportunities for Enron around the Globe. Given my background as a
Chartered Financial Analyst, with hands-on experience in investment
management covering financial derivatives, fixed income, and equity, I can be
a valuable resource to do the due diligence, origination, valuation, and
monitoring of these start-ups. Would you please help me arrange a meeting
with either Gene Humphreys, Ted Murphy, or may be Ken Lay?

I am pasting below the job opportunities open at Enron. I am also interested
in these positions and would like to meet with the hiring manager.

I will give you a call to follow up.

Thank you.

Sincerely,

Maruti More
832-251-7267

            job 0000104282 details

              MANAGER/DIRECTOR
            ESSENTIAL FUNCTIONS: Candidates will be responsible for helping
facilitate the transaction approval process for domestic and international
investments. These investments include, but are not limited to, private
equity, project development, venture capital, and structured credits.
Candidates will work with business developers and underwriters in
identifying, understanding, and documenting transaction risks. They will also
assist in preparing transaction approval documentation. In addition, they
will oversee the valuation, modeling, and simulation process for investments.
The primary focus is to identify and measure key risk factors from both a
quantitative and a qualitative perspective with an emphasis on fundamental
analysis. The candidate must be able to assist in management and training of
departmental staff and in formulation of investment valuation policies and
procedures.
            ESSENTIAL REQUIREMENTS: ? Strong interpersonal skills ?
Understanding of transaction structuring and credit risk issues ?
Understanding of finance and valuation methodologies. ? Proficiency with
Excel cash flow models ? Experience with financial statement analysis ?
Understanding of statistics and simulation techniques (Monte Carlo).

            PREFERRED SKILLS: NA.

            SPECIAL CHARACTERISTICS: The ideal candidate will possess an
undergraduate degree in finance, accounting, or economics, and an MBA.
Relevant experience could include credit analysis or valuation/finance
experience. Manager/Director in the Risk Assessment department of a $20
billion energy company.

            CONTACT: PLEASE EMAIL RESUMES TO corpjobs1@enron.com, PLEASE
REFER TO JOB NO.104282 WHEN RESPONDING.

            Job ID  0000104282
                        Department  CAPITAL PRICING / RISK AN
                        Company  CORPORATE STAFF
                        RISK ASSESSMENT AND CONTROL
                        Location  HOUSTON, TX
                        Type
                        Posting date 05-JUN-00

            To submit your resume for this position:
            Online Enter your resume ID: No Resume ID?  You can create a
resume on-line, deposit it in our database, and receive a Resume ID using our
Resume Builder.

                        Your Resume ID will allow you to submit your resume
once, but route it to up to 20 open positions.Enron does not process resumes
that are not sent in response to specific positions.

                        If you have an existing resume in electronic format,
the Resume Builder allows you to cut and paste your whole resume.

                        Fax Our fax number is 1-888-588-7152.
                        You must tell us which jobs you're interested in, or
we will not be able to process your resume.Write on your resume (or on a
separate page) all of the jobs IDs of the jobs you're interested in pursuing.

            An Equal Opportunity and Affirmative Action Employer

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

            Top of page  Copyright 1997-1999 Enron Corp. All rights
reserved.  Contact us.

job 0000104281 details

              STAFF/SPEC/SR SPEC
            ESSENTIAL FUNCTIONS: "SNAPSHOT" preparation - Responsible for
preparation of quarterly asset "snapshots" which provides Enron's Senior
Management with summarized operational and financial information on selected
merchant portfolio investments. Responsibilities associated with preparation
of snapshots include: researching publicly traded companies, calculating key
financial data, updating and analyzing graphical summaries of performance,
reviewing press releases for recent events data, updating stock prices from
Bloomberg ? WEEKLY UNDERWRITERS REPORT - Full responsibility for updating and
distributing weekly Underwriters' Report. Involves regular interaction with
Executive Vice President, London office personnel, as well as several Vice
Presidents within Underwriting Group within RAC. ? VARIOUS PROJECTS - will be
utilized on special projects on an as needed basis
            ESSENTIAL REQUIREMENTS: Accounting/Finance/Economics Degree with
0 - 4 years business experience. Excellent computer skills - EXCEL,
POWERPOINT, Bloomberg, Word Research skills and the ability to interact with
a variety of personnel and departments. Excellent organization skills. Self
starter, quick learner. Must be team player. Good writing skills with the
ability to concisely summarize operational and financial results.

            PREFERRED SKILLS: NA.

            SPECIAL CHARACTERISTICS: . Entry level position with the
opportunity to gain familiarity with all of Enron's portfolio assets. Future
advancement in asset and portfolio management possible for candidate who
exhibits competence and creativity.

            CONTACT: PLEASE EMAIL RESUMES TO enajobs1@enron.com, PLEASE REFER
TO JOB NO. 104281 WHEN RESPONDING.

            Job ID  0000104281
                        Department  DUE DILIGENCE/ASSET MGMT
                        Company  CORPORATE STAFF
                        RISK ASSESSMENT AND CONTROL
                        Location  HOUSTON, TX
                        Type
                        Posting date 05-JUN-00

            job 0000102789 details

              SR SPECIALIST
            ESSENTIAL FUNCTIONS: In this position candidates will model, run
monte-carlo simulations, evaluate capital investments. These investments will
cover a wide range. Candidates will be responsible for the validation of
models as well as insuring the accuracy and integrity of the model and
underlying assumptions. The primary focus will be to provide an objective
valuation for an investment by identifying and measuring key risk factors
from both a quantitative as well as qualitative perspective. ? Understanding
of valuation techniques applied to equity or structured financial products. ?
Understanding of cash flow models and option pricing models. ? Proficiency in
Excel. ? Understanding of project finance and risk mitigation techniques. ?
Experience with financial statement analysis and Pro Forma Statements. ?
Understanding of statistics and application to financial analysis.
            ESSENTIAL REQUIREMENTS: NA.

            PREFERRED SKILLS: ? Understanding of simulation methodologies
such as MonteCarlo. ? Exposure to statistical analysis software such as
Crystal Ball or @Risk. The ideal candidate will possess an undergraduate
degree in finance, accounting, or economics and have 2 to 3 years of
financial modeling experience and an MBA/CPA.

            SPECIAL CHARACTERISTICS: NA.

            CONTACT: PLEASE DO NOT CONTACT THE HIRING MANAGER. PLEASE NO
FAXES. Send resumes via e-mail to corpjobs1@enron.com or mail to Enron, attn:
TVasut - EB3628, 1400 Smith St., Houston, TX 77002. Please refer to job #
102789

            Job ID  0000102789
                        Department  CAPITAL PRICING / RISK AN
                        Company  CORPORATE STAFF
                        RISK ASSESSMENT AND CONTROL
                        Location  HOUSTON, TX
                        Type
                        Posting date 17-MAR-00

 - att1.htm


Mark,

Thanks for the info. I shall check it out.

Vince

Mark Courtney
05/17/2000 03:48 PM
To: Vince J Kaminski/HOU/ECT@ECT
cc: Joe Gordon/Corp/Enron@Enron
Subject: FMRC

Vince,
I ran across this during my recruiting at Vanderbilt.  It is headed by Hans
Stoll, one of the leading derivative academicians in the country.  I looked
at their website briefly and thought you might be interested.  I have also
forwarded some email correspondence between Dr. Stoll and Joe Gordon, one of
our Associates and a former student of his at Owen School.  We have been very
successful lately in recruiting at Vanderbilt, both at the undergrad and MBA
levels, and have gotten some high quality people.  Please let me know if you
have any interest in this and I would be glad to follow up with Dr. Stoll or
help out in any way I can.

Thank you,
Mark Courtney
---------------------- Forwarded by Mark Courtney/HOU/ECT on 05/17/2000 03:42
PM ---------------------------

	Enron North America Corp.

	From:  Joe Gordon @ ENRON                           05/11/2000 11:33 AM

To: Mark Courtney/HOU/ECT@ECT
cc:
Subject: RE: FMRC

Mark--
I dropped the ball as far as getting someone to the April meeting, but I
would to try to get this going.

Thanks,
Joe

---------------------- Forwarded by Joe Gordon/Corp/Enron on 05/11/2000 08:42
AM ---------------------------

Hans Stoll <Hans.Stoll@owen.vanderbilt.edu> on 03/20/2000 12:22:36 PM
To: "'Joe.Gordon@enron.com'" <Joe.Gordon@enron.com>
cc:

Subject: RE: FMRC

Joe,

Thanks for your note.

The purpose of the FMRC is to stimulate research on financial markets and to
provide a link between academic research, real world issues and regulation.
Members of the center sit on the advisory board and help direct the research
of the center. They send an unlimited number of participants to center
conferences. Our center is unique in its mix of academics, practitioners and
regulators. For members, such as Enron, it provides a window on the academic
world, and would give Enron an opportunity to stimulate research in the use
of markets in heretofore unusual commodities.

More information on the center can be found at
http://mba.vanderbilt.edu/fmrc/

Center members include, NYSE, Nasdaq, CME, some high tech trading firms,
Merrill Lynch....

Joining the center usually requires a top management decision, but I would
approach it through the research and the trading areas. One way to start is
to see if anyone in a position to recommend joining the center would like to
attend this year's conference on April 13 -14. The program is on the web
site. (Membership is $10,000 per year)

Appreciate your interest and help.

Let me know if we should provide more detail to someone.

Regards,

Hans

-----Original Message-----
From: Joe.Gordon@enron.com [mailto:Joe.Gordon@enron.com]
Sent: Monday, March 20, 2000 10:45 AM
To: hans.stoll@owen.vanderbilt.edu
Subject: FMRC

Dr. Stoll:
Sorry for the delay, but we haven't forgotten about your interest in having
Enron participate in the FMRC.  Our holdup is determining who is the
appropriate contact person at Enron (that, and neglect).  We're not sure if
we should approach someone from trading, research, senior management, etc.
Also, any additional information on the role the participating firms play
would be helpful.

Thanks,
Joe Gordon


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