-----Original Message-----
From: 	Varma, Nikita
Sent:	Wednesday, June 06, 2001 7:52 AM
To:	Varma, Nikita
Subject:	From The Enron India Newsdesk - June 6th newsclips

Wednesday, June 06, 2001, http://www.economictimes.com/today/06infr01.htm
DPC lenders' Singapore meet inconclusive

The above article also appeared in the following newspaper:

Wednesday, June 06, 2001, http://www.dailypioneer.com/secon3.asp?cat=\busi5&d=BUSINESS
FIs meet on Enron remains inconclusive
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Wednesday, June 06, 2001, http://www.timesofindia.com/today/06busi1.htm
Lenders split over DPC transfer notice to MSEB ,  Pradipta Bagchi
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Wednesday, June 06, 2001, http://www.indian-express.com/ie20010606/bus1.html
DPC lenders meet opens on a positive note
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Wednesday, June 06, 2001, http://www.financialexpress.com/fe20010606/top6.html
DPC lenders to resume talks today in Singapore

The above article also appeared in the following newspaper:

Wednesday, June 06, 2001, http://www.business-standard.com/today/economy7.asp?Menu=3
DPC lenders to meet again today
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Wednesday, June 06, 2001, http://www.business-standard.com/today/economy6.asp?Menu=3
MSEB refuses DPC power at 90% PLF , Renni Abraham
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Wednesday, June 06, 2001, http://www.hindubusinessline.com/stories/14065601.htm
Dabhol says ready to extend conciliation , Shaji Vikraman , Balaji C. Mouli
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Wednesday, June 06, 2001, http://www.hindubusinessline.com/stories/14065602.htm
MSEB unruffled amid power talk , Dinesh Narayanan
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Wednesday, June 06, 2001, http://www.financialexpress.com/fe20010606/news2.html
CEA to assess viability of Dabhol power despatch to various states' ,   Sanjay Jog
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Wednesday, June 06, 2001, www.asianageonline.com
Gujarat, Up High on Power Reforms, By Rajesh Unnikrishnan
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THE ECONOMIC TIMES, Wednesday, June 06, 2001
DPC lenders' Singapore meet inconclusive

THE CRUCIAL talks between the foreign and Indian lenders of US energy major Enron-promoted Dabhol Power Company at Singapore remained inconclusive on Tuesday and are slated to continue on Wednesday. "The meeting has spilled over to the second day with DPC to participate in the proceedings on Wednesday," financial institutions sources said. The sources said Enron India managing director K Wade Cline and DPC president Neil McGregor were likely to participate in the second day of the meeting. They said the meeting, which went on for over an hour, discussed the ongoing financial and legal disputes between DPC and the Maharashtra State Electricity Board. "Nothing has been finalised as yet," they said when asked whether both the Indian and foreign lenders were able to arrive at any solution for solving the current status quo. At the Singapore meet, the lenders have come together to try and diffuse the tension and unite the two "warring partners" - DPC and MSEB.

The foreign lenders were expected to be updated by their Indian counterparts about developments like DPC's preliminary termination notice to MSEB, which in retaliation rescinded the PPA and stopped drawing power from the multinational from May 29. The Indian lenders would press for completion of the $3-billion project, as DPC has stopped commercial production and doubts are being expressed for commissioning of its 1,444-mw phase-II, due on Thursday. The Indian team is led by Industrial Development Bank of India executive director R S Agarwal, who is also DPC board member, along with representatives of State Bank of India and ICICI. The foreign lenders include a consortium led by ABN-Amro, Citibank NA, Japan Exim Bank and Opic. (PTI)
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THE TIMES OF INDIA, Wednesday, June 06, 2001
Lenders split over DPC transfer notice to MSEB ,  Pradipta Bagchi
Lenders to the $ 2.9-billion Dabhol Power Company are split over whether DPC should be allowed to issue a transfer notice to MSEB. Last Friday, Enron sought the lenders' permission--for the second time in a month--to issue a transfer notice to MSEB. A transfer notice allows the valuation of all fixed assets to begin with and is the first step in starting the process of transfer of assets to the MSEB. While domestic lenders like IDBI, ICICI and SBI--with an exposure of more than Rs 5,000 crore to the project--are opposing the move to issue a transfer notice, most foreign lenders including the lead arrangers to the project are now agreeable to the transfer notice being issued by the DPC. On the first day of lenders' deliberations in Singapore, vast differences emerged between the domestic and foreign lenders in this regard.
While domestic lenders are worried about the impact of the huge exposure on their balance sheets, foreign lenders, who typically have smaller exposure, are of the opinion that without any alternative concrete solutions, it may be worthwhile to pull the plug on the project. ``Without any concrete solutions and no fixed time-frame, foreign lenders are not willing to go to their respective credit committees for further disbursals,'' a lender from Singapore told The Times of India. ``There is no point throwing more good money after bad, is the consensus among foreign lenders,'' said the lender.
Among other issues discussed on the first day of the meetings was whether the lenders should throw Enron out of the project and take over the operations of DPC. However, without a proper team of skilled managers in place, it is unlikely that the lenders will risk throwing out the current operators. Fresh disbursals from the lenders are unlikely. Among the first casualties will be an Enron affiliate company, which is the EPC contractor for the LNG terminal. On June 8, a payment of $ 13 million is to be made to the LNG contractor, which will not be disbursed by the lenders. Another big payment of $ 25 million has to be made to Bechtel, the EPC contractor for the power plant, by June 18 as well.
Enron and DPC officials will make a presentation on Wednesday to the bankers, following which, further deliberations will be held among the lending banks.
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THE INDIAN EXPRESS, Wednesday, June 06, 2001
DPC lenders meet opens on a positive note

The first day of the crucial meeting between the Indian and international lenders in Singapore has opened on a positive note with the foreign lenders showing signs of giving more time to Indian government to resolve the problem.

Foreign lenders are enthused by the fact that the Centre is ready to give incentives to the project so that DPC can reduce its tariff. The Centre' package include cutting interest rate on the project, and asking the Central Electricity Authority (CEA) to work out a contingency plan for sale of power to other States from the Dabhol power project.''The international lenders are ready to give some more time to find out a solution. Lenders will take the maximum hit if the Enron pulls the plug into the project,'' FI sources said. Hence, the rethinking among the international lenders. The Centre's package, to be ready in another two months, would also lower the customs duty on imported LNG which would further help the company to lower the tariff.

Enron India managing director K Wade Cline and DPC president Neil McGregor are likely to participate in the second day of the meeting on Wednesday to present their side of the story. Tuesday's meeting, which went on for over an hour, discussed the on-going financial and legal disputes between DPC and its partner Maharashtra State Electricity Board (MSEB).At the meet, the lenders have come together to try and diffuse escalated tension and unite the two warring partners, DPC and MSEB, say FI sources.

While loans from international FIs enjoy the Indian government guarantee, it would be Indian FIs which will have to take the maximum hit if the project gets derailed. On Tuesday, the foreign lenders were updated by the Indian counterparts over series of events like DPC's Preliminary Termination Notice to MSEB, which in retaliation rescinded the PPA and stopped drawing power from the multinational from May 29. The Indian team is led by Industrial Development Bank of India (IDBI) executive director R S Agarwal, who is also DPC board member, along with representatives of State Bank of India and ICICI. The foreign lenders include a consortium led by ABN-Amro, Citibank NA, Japan Exim bank and OPIC.

Sanjay Jog
 The Central Electricity Authority (CEA) has launched an exercise to assess the viability of despatch of Dabhol power to various power deficit states across the country, announced the Union minister of state for power Jayavantiben on Tuesday. Mehta said that the CEA, which has been asked to undertake this exercise recently, will take into account the burden to be borne by various power deficit states during the despatch of power. Currently, if the power has to be transported from eastern grid to western grid, there is certain fixed charge imposed on it. "The CEA will have to carry out this exercise at length so that the exact picture will emerge whether or not the Dabhol power despatch is viable and whether the states are keen to purchase that power," the minister added. Mehta said that the centre will not purchase Dabhol power as its undertakings cannot take the additional burden on them. She informed that the union finance ministry in no uncertain terms made it clear that the centre cannot purchase Dabhol power and sell it at cheaper rate to the states especially when these states owe over Rs 30,000 crore to various central public sector undertakings. Mehta said that prime minister AB Vajpayee who has been apprised him of the present situation on the Dabhol front has assured to provide necessary assistance especially technical one to resolve the issue.
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THE FINANCIAL EXPRESS, Wednesday, June 06, 2001
DPC lenders to resume talks today in Singapore

 THE two-day talks to resolve Dabhol tangle opened on a positive note in Singapore on Tuesday.Sources in Indian financial institutions (IFIs) told The Financial Express that the IFIs comprising representatives of IDBI, ICICI, State Bank of India (SBI) met to chalk out their strategy at the two-day meeting with offshore lenders and Enron officials. The Indian team was lead by Mr RS Agarwal, IDBI executive director, along with the other officials from other lending institutions including those from the SBI and ICICI.Apparently, the IFIs, on Tuesday revived their efforts to convince DPC's offshore lenders to maintain "restraint" to save the Dabhol project. The meeting between the IFIs and their foreign counterparts remained inconclussive on Tuesday. The foreign lenders are expected to take a clear stand on Wednesday.

Interestingly, the meeting is expected to be participated by members of the DPC on the second day, said financial institutions sources. The sources said, Enron India managing director K Wade Cline and DPC president Neil McGregor are likely to participate in the second day of the meeting. The meeting was also attended by a consortium led by ABN-Amro, Citibank NA, Japan Exim Bank and OPIC. According to sources in IDBI: "The foreign lenders have given us a patient hearing to our views suggesting that they should not precipitate the crisis by any of their further moves." The sources said the IFIs are determined to take up the issue of completion of the Dabhol phase-II in view of 90 per cent of its completion. "The IDBI has recieved a mandate from the government that an all-out effort be made to save the Dabhol project," the sources added.

The offshore lenders are believed to have sought various details with reference to the payment guarantees from the Maharashtra State Electricity Board (MSEB) as well as fulfilment of contractual obligations in the wake of revoking of the power purchase agreement. The IFIs are likely to press for the revocation of suspension of loan disbursement by offshore lenders so that phase-II be completed. The offshore lenders had suspended loan disbursement after the DPC board meeting of London on April 25.
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BUSINESS STANDARD, Wednesday, June 06, 2001
MSEB refuses DPC power at 90% PLF, Renni Abraham
 The Maharashtra government will not buy power from the first phase of the Dabhol Power Company's (DPC) project at a 90 per cent plant load factor (PLF), a senior state government official said here today. The statement represents a hardening of Maharashtra's position on talks with DPC and virtually kills the latter's proposal to split tariffs for the Centre and Maharashtra. The Maharashtra State Electri- city Board (MSEB) is now required to buy 90 per cent of the power generated by the first phase (740 mw) of the project. But during negotiations with the Godbole Committee, it has been demanding that the requirement be cut to 35 per cent. At the last Godbole Committee meeting, DPC had put forward a plan to split tariffs for the Centre and Maharashtra, with the Centre paying Rs 3.30 per unit of power and MSEB paying Rs 3.50.
The Centre, DPC suggested, could buy two-thirds of the power it generated, once the second phase (1,444 mw, taking the total capacity to 2,184 mw) was completed. Maharashtra's latest position undermines DPC's proposal since the Enron-promoted company's tariff hinges on MSEB absorbing 90 per cent of the power it generates in the first phase. A senior state government official said: "The Centre has been talking a lot about playing the role of a facilitator. What we need is a buyer for the second phase." Despite recent central government pronouncements, state government officials privately argue that the Centre is not playing an active role in resolving the problems that have plagued the DPC project. At the very first Godbole Committee meeting he attended, the Centre's nominee, AV Gokak, adopted a non-committal stand. The Maharashtra government official added: "Gokak said he was merely attending the meeting in the capacity of a messenger and would communicate to the Centre any solution worked out by the renegotiation committee. The Union power ministry has stated that a solution worked out by the renegotiation committee would be acceptable to it. Unless the Centre takes an active part and assures the offtake of the second phase, no solution can be worked out."
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THE HINDU BUSINESSLINE, Wednesday, June 06, 2001
Dabhol says ready to extend conciliation , Shaji Vikraman , Balaji C. Mouli

THE Dabhol Power Company (DPC) has accepted the Finance Ministry's proposal for a two months' extension for the conciliation process. The extension will be effective from June 7. This development is perceived by the Government as a positive signal as it offers more leeway to work out a solution to resolve the Dabhol crisis. DPC's nod for an extension, which was communicated to the Finance Secretary on Monday, is subject to the Government acceding to the company's stand on the ongoing arbitration proceedings. The company has said that it would continue to pursue the arbitration proceedings which have already been initiated by the company, according to senior Ministry officials. Under the power purchase agreement (PPA), conciliation and arbitration are two methods under the contract to resolve disputes between the two parties. Normally, arbitration is resorted to only after conciliation fails. However, in this case, DPC has dragged MSEB to the arbitration forum even as the conciliation process is being pursued.

DPC has already slapped three arbitration notices on the Maharashtra State Electricity Board (MSEB). The first notice was issued to the board for its failure to honour the December 2000 bill of Rs 102 crore and the January 2001 bill of Rs 111.6 crore while two other notices were for failures to honour the Maharashtra Government's State support agreement and the supplementary State support agreement. The conciliation process was adopted in the wake of the dispute arising over the settlement of DPC's December bills of Rs 102 crore, followed by the MSEB's counter claim of Rs 400 crore for the same period.

The conciliation process was agreed upon on April 7 and was to be concluded in two months. However, simultaneously, arbitration proceedings were triggered between DPC and MSEB. With the conciliation process making little headway, the Finance Ministry sought an additional two months time for concluding the process. Prior to that, the Attorney General's interpretation of the MSEB-DPC contract was that the payment could be made to DPC only if the bill was undisputed. Hence, the Centre decided to opt for the conciliation process.

During recent meetings between the Government and the DPC officials, the latter had pointed out that if the Government was able to work out a package in six months, it would withdraw its termination notice and reamin in the project for up to a year. The Finance Ministry officials feel that the Centre has been dragged into the DPC controversy well beyond its contractual obligation. ``The Centre's involvement in DPC-MSEB issue is restricted to the first phase. The fate of the second phase is entirely a matter between the MSEB and DPC,''they said.

Analysts feel that the Power Minister, Mr Suresh Prabhu's words of hope to defuse the Dabhol crisis are not grounded in reality. ``The Centre is totting sale of Dabhol power to third-party as a key solution. However, first, under the existing electricity laws, the Centre cannot authorise third-party sale since it is in the State's domain. Secondly, since it is a purely commercial decision, the Central Electricity Authority's (CEA) intervention does not offer any significant breakthrough.'' Recently, the Power Ministry had instructed the CEA to survey the demand requirement of neighbouring States over the next two years as well as their purchase price.
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THE HINDU BUSINESSLINE, Wednesday, June 06, 2001
MSEB unruffled amid power talk , Dinesh Narayanan

EVEN as officials from various financial institutions and banks split hairs in Singapore on whether to sink or sail with the Dabhol power project, the Maharashtra State Electricity Board (MSEB) is cool about the entire affair. Unlike previous instances when the odds were stacked against it, this time MSEB knows pretty well that whatever happens, it will remain unscathed. If someone has to take a hit, it has to be the financiers and maybe the Governments.At the hearing before the Maharashtra Electricity Regulatory Authority (MERC), the Advocate-General, Mr Goolam Vahanvati, had said on behalf of the board that MSEB was being kind towards Enron when it rescinded the contract for ``material misrepresentation''. One more step, and it's fraud, he had told MERC.

Knowing this fully well, MSEB has kept its cool throughout the altercation. It firmly believes that if nothing else, it can pin down the company on just this one point at any forum. Enron too has not said at any point of time that it can actually perform as per the ``cold-start graph'' in the power purchase agreement. In fact, it has said such performance -- making available full power in 180 minutes -- is ``not possible'' by any such plant in the world. In a way, it was MSEB's defiant posturing coupled with the Maharashtra Government's passing the buck up that got the Central Government to act.

One thing evident throughout the crisis is that all the players are trying to save their own skin. In spite of the developments, Enron has played its cards close to its chest, and hinted to institutions at taking a hit on its returns only a few days ago. Even that, Mr Wade Cline, Managing Director, Enron India Pvt Ltd, is reported to have told Indian lenders, would hinge on substantial give and take. Indian lenders have a genuine case in that they are the ones without any assurances apart from the plant itself. And, they are not in the business of running power plants. They cannot do much except try get the players to somehow shake hands. They had tried to convince the Government some time ago to get MSEB to activate the escrow and increase the letter of credit amount. But they were told off by MSEB which was in no mood to relent. Today's meeting in Singapore remained inconclusive and the talks will continue tomorrow. Tomorrow, Enron will make presentations to lenders at Singapore on what it feels can be done to move ahead. Whatever the outcome of the meeting, MSEB is unlikely to agree to anything that might queer its pitch.
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THE FINANCIAL EXPRESS, Wednesday, June 06, 2001
CEA to assess viability of Dabhol power despatch to various states' ,   Sanjay Jog

THE Central Electricity Authority (CEA) has launched an exercise to assess the viability of the despatch of Dabhol power to various power deficit states across the country, Union  minister of state for power Jayavantiben Mehta on Tuesday. Ms Mehta told The Financial Express that the CEA, which has been asked to undertake this exercise recently, will take into account the burden to be borne by various power deficit states during the despatch of power. Currently, if the power has to be transported from eastern grid to western grid, there is a certain fixed charge imposed on it. "The CEA will have to carry out this exercise at length so that the exact picture will emerge whether or not the Dabhol power despatch is viable and whether the states are keen to purchase that power," the minister added. Ms Mehta said that the Centre will not purchase Dabhol power as its undertakings cannot take the additional burden on them.

She informed that the Union finance ministry had in no uncertain terms made it clear that the Centre cannot purchase Dabhol power and sell it at cheaper rate to the states, especially when these states owe over Rs 30,000 crore to various Central public sector undertakings. Ms Mehta said that Prime Minister Atal Behari Vajpayee, who has been apprised of the present situation on the Dabhol front, has assured that he would provide necessary assistance, especially technical, to resolve the issue. "The Centre is quite eager for the resolution of issue and will provide necessary cooperation," she added.

Ms Mehta said that she had a meeting with the representatives of the Bank of America and ABN Amro before they left for the Singapore meeting. "These lenders explained their position and the amount involved in the Dabhol plant. However, they also expressed their wish to participate in finding an acceptable wayout," she added.
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THE ASIAN AGE, Wednesday, June 06, 2001
Gujarat, Up High on Power Reforms, By Rajesh Unnikrishnan

Uttar Pradesh, Delhi and Gujarat are moving ahead with implementing reforms in the power sector, even as the reforms in Maharashtra have come to a standstill due to the Dabhol fiasco. Maharashtra was one of the first states to initiate steps for reforms phase-II, by appointing a state regulatory commission and going in for unbundling MSEB. Uttar Pradesh State Electricity Board and Delhi Vidyut Board are finalising plans to privatise transmission and distribution, while Gujarat is planning to set up one more power project with private sector participation.

According to State Bank of India Capital Markets officials, UPSEB is going to float a new tender, inviting private sector players for power supply in Kanpur region. Due to employees' protests against the privatisation, the state electricity board had cancelled its earlier tender floated in 2000.  SBI Caps had also short-listed four companies: L&T, CESC, BSES and Tata Power for transmission and distribution in Kanpur. The officials said: "UPSEB will come out with a new tariff order for Kanpur by this week end and a new tender will be floated by month-end. We would undertake the short-listing process by mid-July."They said that besides this, the UP State Industrial Development Corporation is also setting up a 30 MW captive power project for the newly-developed industrial park, Tronica City, in the state. Total cost of the project is estimated at Rs 100 crores and BHEL is the equipment supplier for the project.

SBI Caps short-listed six private players for supplying power in three regions Tata Power, BSES, Reliance Power, China Light&Power, AES, the AV Birla Group and CESC. Two months back, the Delhi government had cleared State Bank of India Caps' proposal for the unbundling of DVB by dividing the board into five separate units. The proposal envisaged three transmission and distribution companies and two generation companies. DVB makes losses to the tune of Rs 1 crore per day. Officials said the Gujarat, on the other hand, is focussed more on generation and the state electricity board recently proposed a 500 MW project in Mundra and invited a proposal from the private sector.

The project will use imported coal as fuel and the state will keep a minimum equity in it. There are two independent power projects in Gujarat: the Reliance-promoted, 500 MW, naphtha-based Hazira project and the 500 MW, gas-based project promoted by Gujarat Power Corporation. According to the officials, the unbundling of Gujarat SEB has failed to take off because the state government has not yet appointed any merchant banker for it. The government initiated the state electricity board unbundling around two years back.

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Mr. Nemec,

We have added language from David Marshall.  Please review and advise if
this is acceptable.  Also, I would like to request filing a memorandum in
the Courthouse instead of the Agreement.  Our intent is to start
construction  by October 1, 2001.

Thanks for your assistance.

 <<LRCI IncAgreement 9-18-011.doc>>

Kyle Webster
Senior Landman
Enterprise Products Operating LP
P.O. Box 4324
Houston, Texas 77210-4324
713-803-8206 Office
713-803-8290 Fax
KWebster@eprod.com

 - LRCI IncAgreement 9-18-011.doc


From: Rick Guttroff, AMA Center for Legal Management

Dear Jeffrey K. Skilling:

In New York City, next Monday and Tuesday, May 14 and 15, you have an
unprecedented opportunity to discover tangible ways to maximize the value
of your company's intellectual property.  Learn how to

? Use your IP to increase stockholder value,
? Determine the value of your IP to outside markets,
? Assess your IP value against the costs to exploit it,
? Handle your IP without risk of infringement,
? Balance business priorities while preserving IP rights
? Turn today's IP challenges into tomorrow's profits.

For 75 years the American Management Association has been showing companies
how to adapt to changing business environments.  With this conference, we
do it again!  Register today and help your company find its hidden IP
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competitive advantage in their once-hidden IP assets.  This seminar
provides a practical framework for understanding the array of issues
surrounding intellectual property and how to turn that knowledge into
corporate profits.

Showing the way will be IP expert lawyers from New York's premier IP law
firm Fish & Neave.  Corporate executives, come and learn; Corporate
executives, send your in-house lawyers.  The cutting edge of intellectual
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Register yourself for $1,595 and bring a colleague for only $395!  Call
1-800-262-9699 today.
We look forward to seeing you at the IP Strategies to Enhance Corporate
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Sincerely,

Rick Guttroff, Director
Center for Legal Management
American Management Association

P.S.  Please forward this information to others in your company with
responsibility of your IP assets.  You can send as many colleagues as you
like for the $395 discount registration!
____________
Meeting No:  7210-6F6-001
Meeting Dates:   May 14-15, 2001
Meeting Locale:   AMA Executive Conference Center
    1601 Broadway, 8th Floor,  New York. NY
____________
PLEASE PROVIDE THIS INFORMATION
WHEN YOU CALL TO REGISTER

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Subject:? HOW TO SURVIVE A HEART ATTACK WHEN ALONE - REALLY!

Let's say it's 6:15 p.m. and you're driving home (alone of course), after an
unusually hard day on the job. You're really tired,? upset and frustrated.
Suddenly you start experiencing severe pain in your chest that starts to
radiate out into your arm and up into your jaw.

You are only about five miles from the hospital nearest your? home;
unfortunately you don't know if you'll be able to make it that far.?? What
can you do? You've been trained in CPR but the guy that taught the course
neglected to tell you how to perform it on yourself.

HOW TO SURVIVE A HEART ATTACK WHEN ALONE
(Since many people are alone when they suffer a heart attack, this article
seemed in order.)
Without help, the person whose heart stops beating properly and who begins to
feel faint, has
only about 10 seconds left before losing consciousness.? However, these
victims can help themselves by coughing repeatedly and very vigorously.?? A
deep breath should be taken before each cough, and the cough
must be deep and prolonged, as when producing sputum from deep inside the
chest. A breath and? a cough must be repeated about every two seconds without
let up until help arrives, or until the heart is to be beating
normally again.

Deep breaths get oxygen into the lungs and coughing movements squeeze the
heart and keep the blood circulating. The squeezing pressure on the heart
also helps it regain normal rhythm. In this way, heart victims can get to a
hospital.

Tell as many other people as possible about this, it could save their lives!

>From Health Cares, Rochester General Hospital via Chapter 240's newsletter
AND THE BEAT GOES ON ... (reprint from The Mended Hearts, Inc. publication,
Heart Response)
.

Nancy
(707) 251-4870 (phone)
(707) 265-5446 (fax)
"Plus je bois, mieux je chante"


Enclosed are some materials from CWT on Revised Article 9.

Carol St. Clair
EB 3889
713-853-3989 (Phone)
713-646-3393 (Fax)
carol.st.clair@enron.com
----- Forwarded by Carol St Clair/HOU/ECT on 05/31/2001 02:41 PM -----

	"Lech Kalembka" <Lech.Kalembka@cwt.com>
	05/31/2001 02:35 PM

		 To: carol.st.clair@enron.com
		 cc: "David Mitchell" <David.Mitchell@cwt.com>
		 Subject: Revised UCC

As we discussed, I have attached a memo that discusses the Revised UCC
generally and an outline that focuses on the transition.  Please call me if
you have any questions.

(See attached file: #441719 v1 - Revised UCC Memo.doc)(See attached file:
#561103 v4 - Revised Article 9 Transition Memo.doc)

Lech Kalembka
Cadwalader, Wickersham & Taft
100 Maiden Lane
New York, NY  10038
Tel.: (212) 504-6918
Fax: (212) 504-6666
E-mail: lech.kalembka@cwt.com
==============================================================================
NOTE:  The information in this email is confidential and may be legally
privileged.  If you are not the intended recipient, you must not read, use or
disseminate the information.  Although this email and any attachments are
believed to be free of any virus or other defect
that might affect any computer system into which it is received and opened,
it is the responsibility of the recipient to ensure that it is virus free and
no responsibility is accepted by Cadwalader, Wickersham
& Taft for any loss or damage arising in any way from its use.

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

 - #441719 v1 - Revised UCC Memo.doc
 - #561103 v4 - Revised Article 9 Transition Memo.doc


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Clay Riding
Puget Sound Energy, Inc.

Clay,

Attached is a draft of a Master Firm Purchase/ Sale Agreement between Enron
North America and Puget Sound Energy, Inc. for your review.

Please do not hesitate to contact me with your questions and or comments
regarding the enclosed.

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


I booked my Christmas flights. I am leaving the afternoon of Friday December
15th and I will be back in the office on Tuesday December 26.

Chris


---------------------- Forwarded by Mark Taylor/HOU/ECT on 12/21/99 04:59 PM
---------------------------

"CINDY EVANGELISTA" <CINDY_EVANGELISTA@cemexusa.com> on 12/21/99 10:15:08 AM
To: Mark Taylor/HOU/ECT@ECT
cc:
Subject: Re: Confidentiality Agreement

Mark:

Have the documents sent by messenger here to the Riverway address, to the
attention of Rose Mary Clyburn.

Cemex USA
One Riverway, Suite 2200
Houston, Texas  77056

Thanks!

I will be on vacation the rest of the week.  But Rose Mary will be here
tomorrow.

"Mark Taylor" <mtaylo1@ect.enron.com> on 12/21/99 09:44:13 PM

To:   CINDY EVANGELISTA@CEMEX
cc:
Subject:  Re: Confidentiality Agreement

Cindy:

We have the signed letters - where should we send them?

"CINDY EVANGELISTA" <CINDY_EVANGELISTA@cemexusa.com> on 12/20/99 10:17:18 AM

To:   Mark Taylor/HOU/ECT@ECT
cc:
Subject:  Re: Confidentiality Agreement

Thanks!  I will send it over first thing in the morning.

"Mark Taylor" <mtaylo1@ect.enron.com> on 12/20/99 10:09:22 PM

To:   CINDY EVANGELISTA@CEMEX
cc:
Subject:  Re: Confidentiality Agreement

You can send it to :

Mark Taylor
Enron North America - EB3889
1400 Smith Street
Houston, TX 77002

Thanks!

"CINDY EVANGELISTA" <CINDY_EVANGELISTA@cemexusa.com> on 12/20/99 09:19:53 AM

To:   Mark Taylor/HOU/ECT@ECT
cc:
Subject:  Re: Confidentiality Agreement

Mark,

What is the address I need to send the agreement to?  Please let me know and I
will have it sent over by messenger.

Thanks!

Cindy

"Mark Taylor" <mtaylo1@ect.enron.com> on 12/20/99 08:34:26 PM

To:   GARY BURNS@CEMEX
cc:   CINDY EVANGELISTA@CEMEX, "George Zivic" <gzivic@ect.enron.com>
Subject:  Re: Confidentiality Agreement

As per Gary's request, here is the revised letter.  If you will send the
executed copies to me, I will arrange to have them signed on behalf of Enron.

(See attached file: CA-CEMEX-ENA.doc)

"GARY BURNS" <GARY_BURNS@cemexusa.com> on 12/17/99 01:40:46 PM

To:   Mark Taylor/HOU/ECT@ECT
cc:   "CINDY EVANGELISTA" <CINDY_EVANGELISTA@cemexusa.com>
Subject:  Re: Confidentiality Agreement

Mark,
      The Confidentiality Agreement must be addressed to Enron and printed on
Cemex letterhead, so please send the modified document to Cindy in an
electronic
format (ie Word via email).  Cindy will then print out two originals on our
letterhead and send you both originals for signature by Enron.   Thanks, GPB

---------------------- Forwarded by GARY BURNS/Tex/Usa/Cemex on 12/17/99 07:37
PM ---------------------------

GARY BURNS
12/17/99 07:21 PM

To:   "Mark Taylor" <mtaylo1@ect.enron.com> @ CEMEXUSA
cc:   CINDY EVANGELISTA/Tex/Usa/Cemex@CEMEX
Subject:  Re: Confidentiality Agreement

Mark,
       Our attorney said that modifying the attached Agreement so that the
protected party is " CEMEX USA Management, Inc., as well as its affiliates
(CEMEX), " is acceptable.  Please make the required changes and send the
document to my secretary, Cindy Evangelista.   I am on vacation until
1/4/2000,
but will try to progress the signing of the Agreement while I'm gone.
Regards,
GPB

"Mark Taylor" <mtaylo1@ect.enron.com> on 12/15/99 11:29:49 PM

To:   GARY BURNS@CEMEX
cc:
Subject:  Confidentiality Agreement

Here is the Confidentiality Agreement we signed last year.

(See attached file: CA - Cemex2.doc)

 - CA - Cemex2.doc
 - CA-CEMEX-ENA.doc


I called out muni desk to have them take a look at the current munis avaiable
that looked best at this time to invest $50,000 going out to 30 years for
you.  The following is what they came up with....

Pecos Co TX Cert of Obl w/a Coupon 5.5% Matures in 02/01/11 callable at par
on 02/01/07 offered at $101.964 - AAA rated

Brownsville Util Rev w/a coupon of 5.25% maturing in 09/01/15 callable at par
on 09/01/05 offered at $97.425 - AAA rated

Alvin TX ISD PSF w/a coupon of 5.75% maturing in 08/15/22 callable at par on
08/15/10 offered at par - AAA rated

Houston TX Air Revs w/a coupon of 5.00% maturing in 07/01/28 callable at par
on 07/01/08 offered at 86.479 - AAA rated

Remember, these are subject to change, but if these interest you and they are
not still available, I will see if there is something comparable.

Talk to you soon.  Please call me with any questions.  Thanks, Julie


OK

Sara Shackleton
Enron North America Corp.
1400 Smith Street, EB 3801a
Houston, Texas  77002
713-853-5620 (phone)
713-646-3490 (fax)
sara.shackleton@enron.com

	Tana Jones
	02/15/2001 09:21 AM

		 To: Sara Shackleton/HOU/ECT@ECT
		 cc:
		 Subject: Deutsche Bank

Do you want me to call Steve Kessler re: Enron Corp.?


Spoke to Jay.  He's going to lunch with us.

---------------------- Forwarded by Chris Germany/HOU/ECT on 04/04/2001 11:04
AM ---------------------------

"CustomerNotices, WGPHOU" <WGPHOU.CustomerNotices@Williams.com> on 04/04/2001
10:00:15 AM
To:
cc:
Subject: Transco - Market Area IT Availability - April 5, 2001

Media Inquiries: Chris Stockton
                 (713) 215-2010
Other Inquiries: John McGrath 713-215-2514
April 4, 2001

To:     Transcontinental Gas Pipe Line Corporation Customers
        and Shippers

Re:     Market Area IT Availability  April 5, 2001

The available interruptible transportation service (IT and
secondary FT) on Transco for pipeline day Thursday, April 5,
2001 and continuing until further notice is summarized as
follows:

Tier I and Tier II (only Sta. 90 through
Sta. 180 affected)                                      OPEN

South Virginia Lateral Compressor Station 167           144 MDt/day

Tier III (Station 180 through East)                     100 MDt/day

Leidy at Centerville Regulator Station
(Only deliveries downstream of Centerville
regulator affected)                                     OPEN

Linden Regulator Station
(Located in Union County, New Jersey)                   50 MDt/day

Mobile Bay Lateral                                      162 MDt/day

The above available interruptible transportation service
refers to deliveries into the affected area that have
receipts upstream of the bottleneck or affected area.

If you have any questions, please call John McGrath at (713)
215-2514 or Keith Chernicky at (713) 215-2655.

J. E. McGrath
Manager
Operations Planning

--------------------------ADDITIONAL X12 INFORMATION------------------------
Trans. Svc. Provider: 007933021 - TRANSCONTINENTAL GAS PIPE LINE CORPORATION
   Notice Identifier: L0104041
     Critical Notice: Yes
      Type of Notice: 8-Capacity Constraint
   Required Response: 5-No Response Required
   Resp By Date/Time: N/A
Notice Eff Date/Time: 04/04/01 09:56:17
Notice End Date/Time: N/A
              Status: 1-Initiate
 Prior Notice Ident.: N/A
____________________________________________________________________________

 - C.DTF


A couple more to print, please.
---------------------- Forwarded by Mark - ECT Legal Taylor/HOU/ECT on
12/21/98 09:24 AM ---------------------------

Sara Shackleton
12/18/98 07:34 PM
To: Mark - ECT Legal Taylor/HOU/ECT@ECT
cc:
Subject: Power River

I just finished speaking with Danny Sullivan.  He understands that I have not
reviewed these transactions; that's fine.  He's not certain when these are
closing but probably after X-mas.  Please don't feel bound by this
documentation because it's a "continuation" of the former BTI transaction.
Even Sarlux/Trakya have some modifications.  Thanks.  SS
---------------------- Forwarded by Sara Shackleton/HOU/ECT on 12/18/98 07:32
PM ---------------------------

	Enron Capital & Trade Resources Corp.

	From:  dallas2@andrews-kurth.com                           12/18/98 01:46 PM

To: Brian Bierbach/DEN/ECT, Carol St Clair/HOU/ECT, lbills@exchange.ml.com,
lcarrero@wbam.com, Lawrence Lawyer/HOU/ECT,
clint.carlin@us.arthurandersen.com, Peter del Vecchio/HOU/ECT, Rhett
Jackson/HOU/ECT, Shonnie Daniel/HOU/ECT, Stephen H Douglas/HOU/ECT, Sara
Shackleton/HOU/ECT, Stephen W Van Hooser/HOU/ECT
cc: dbarbour@andrews-kurth.com, tpopplewell@andrews-kurth.com,
psargent@andrews-kurth.com, robtaylor@andrews-kurth.com
Subject: Power River

Please find attached redrafts of the swap confirm and swap schedule,
with changes marked from the last drafts.

Please note that Enron's obligations to pay principal under the swap
should terminate in the event of a transfer to a third party under section
5.05 of the sale and option agreement before the expiry of the option
period. This is because the third party will not be obliged to swap the
proceeds of sale it receives from PR-C in the event that the option is
exercised. See section 3.3 of the schedule.

Also, the definition of Payments Received may need to be changed once
the flow of funds in the indenture and trust agreement have been
finalized.

Please call me on 214 659 4403 if you have any questions.

Danny Sullivan
 - 160401.WPD
 - 160404.WPD


please print
---------------------- Forwarded by Jeffrey A Shankman/HOU/ECT on 10/20/2000
08:03 AM ---------------------------

David W Delainey
10/19/2000 07:36 PM
To: John J Lavorato/Corp/Enron@Enron, John Arnold/HOU/ECT@ECT, Kevin M
Presto/HOU/ECT@ECT, Tim Belden/HOU/ECT@ECT, Jeffrey A Shankman/HOU/ECT@ECT
cc: wroy@riskwaters.com
Subject: Enterprise Risk Management

Guys, if you or any of you people have interest in attending please contact
Wendy Roy.

Regards
Delainey
---------------------- Forwarded by David W Delainey/HOU/ECT on 10/19/2000
07:33 PM ---------------------------

"Wendy Roy" <wroy@riskwaters.com> on 10/17/2000 12:16:09 PM
Please respond to <wroy@riskwaters.com>
To: <david.w.delainey@enron.com>
cc: <kay.chapman@enron.com>
Subject: Enterprise Risk Management

                 EPRM Magazine's ENTERPRISE RISK MANAGEMENT
                                      Houston - 15, 16 & 17th  November

Dear Sir,

Please find attached a programme for our Enterprise Risk Management
Conference for US energy companies.   To attend this valuable conference
return this email/fax directly to me   stating your job title, postal
address and fax number.

I look forward to discussing this with you.
Kind Regards

WENDY ROY
Tel:+44 (0) 207 484 9890
Fax:+44(0) 207 484 9888

 - Enter_tr.pdf


It's that time again to enter your hours and activities for April, 2001.
Please use the shortcut below or go to the following path O:\Energy_Ops\OPM
Hours Survey\ProdUser to access the hours survey.

For those of you who have converted to Windows 2000, please DO NOT convert
the database when you open it as everyone has not converted to Windows 2000
yet.  If you do not convert, you can still enter your hours into the
survey.

Since we are beginning a new quarter, we have cleared all FTE's in the hours
survey so please make sure to complete the FTE's section of the survey this
month.  You can enter your FTE's using the second button on the main menu of
the survey.  When completing the FTE's section of the survey, if there are
any Director (this includes Sr. Directors), Sr. Admin or Admin positions in
your cost center, please complete accordingly.  You are not expected to
complete a hours survey for these positions but we do need them to be
included in your FTE's.

Please have your survey completed by Monday, May 7.  Please call me if you
have any questions or need me to help you complete the survey.

Thanks,
Roxanne
(X 5-8690)


sample email

-----Original Message-----
From: Glover, Sheila
Sent: Monday, October 01, 2001 2:14 PM
To: Lowry, Donna; Schultz, Cassandra; Shackleton, Sara; Bradford,
William S.
Cc: Heard, Marie; Hickerson, Gary; Dallmann, Shane; Stuart III, William;
Adams, Laurel
Subject: FW: Access Agreements

Gary has authorized on-line FX trading with JP Morgan Chase.  We have an existing Master Agreement with Chase and would be extending our relationship to include Online Currency Trading.  Chase is a major trading partner for the Rate & Currency group.

Sheila

-----Original Message-----
From: Shackleton, Sara
Sent: Monday, October 01, 2001 11:30 AM
To: Glover, Sheila
Cc: Heard, Marie
Subject: FW: Access Agreements

Sheila:  Please send your usual message on this one.  I assume it is for ECT Investments Inc.
Thanks.  Sara

-----Original Message-----
From: Dallmann, Shane
Sent: Monday, September 24, 2001 8:45 AM
To: Shackleton, Sara
Subject: FW: Access Agreements

Sara,

We are setting up access to JP Morgan's online FX system. These are the documents they sent us to get signed before they will give us access. Are you the correct person to send them to?

Regards,
Shane

-----Original Message-----
From: CLAIRE.BURLEY@chase.com [mailto:CLAIRE.BURLEY@chase.com]
Sent: 18 September 2001 17:36
To: Dallmann, Shane
Subject: Access Agreements

---------------------- Forwarded by Claire Burley/CHASE on 18/09/2001 17:35
---------------------------

Tracey Tommasini
18/09/2001 13:37

Legal Department  +44 (0)20 7777 4880    Fax Number: +44 (0)20 7777 4758

To:   shane.dallman@enron.com
cc:   Claire Burley/CHASE@CHASE, Anna Bell-Booth/CHASE@CHASE
Subject:  Access Agreements

At the request of Claire Burley, attached please find the:

          Access Agreement
          ChaseFX - Electronic Trading Service
          Additional Terms Covering FX Transactions
          Authorized Users - Single FX Trade
          NetMatch Schedule
          NetMatch Authorized Users

between Enron North America and The Chase Manhattan Bank.

Please  note  that the attached documents can be viewed and printed but not
edited.  Please print, review and complete the Address for Notices which is
located  on page five of the Access Agreement as well as the Designation of
Authorized   Users   Form(s)   and  have  an  authorized  officer  of  your
organization  sign  each  of  the  agreements  and return two (2) hard copy
executed agreements to the attention of Tracey Tommasini, Legal Department,
The Chase Manhattan Bank, 125 London Wall, London  EC2Y 5AJ, United Kingdom
for further execution.

Please provide an incumbency certificate signed by the Corporate Secretary
for the person or persons who sign the agreements and form.

Should  you have any questions, please contact Andrew Hamper on +44 20 7777
1803.

Tracey Tommasini
Assistant

1.   (See attached file: Access Agreement (US law).doc)
2.   (See attached file: Chase FX Electronic Trading Service.doc)
3.   (See attached file: Additional FX Terms.doc)
4.   (See attached file: Authorized Users-Single FX Trade.doc)
5.      (See    attached    file:   NetMatch   Schedule   with   Settlement
Instructions.doc)
6.     (See  attached  file:  NetMatch  Authorized  Users  with  Settlement
Instructions.doc)


i haven't talked to her in about a week.  she bagged our date last week and
we were supposed to reschedule it to this week, but i haven't heard from
her.  i went to u2 w/ dynegy and sat in a luxury box.  it was so nice.


Reagan C. Rorschach
Enron North America
1400 Smith Street
Houston, Texas 77002
713.345.3363

 -----Original Message-----
From:  "David Fairley" <fairleyd@pipeline.com>@ENRON
[mailto:IMCEANOTES-+22David+20Fairley+22+20+3Cfairleyd+40pipeline+2Ecom+3E+40E
NRON@ENRON.com]
Sent: Friday, May 25, 2001 8:49 AM
To: Rorschach, Reagan
Subject: Costs Definitions
Importance: High

 - Cost Definitions 2.doc


Shirley,

Feb 3-4 looks  best.

Vince

Shirley Crenshaw
01/04/2000 10:05 AM
To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: LSU Seminiar Visit

Vince:

Jim Garven sent me an e-mail wanting to revisit the possibility of your coming
to LSU.  The following dates were provided as open.  Do you have a
preference?

February 3-4
March 23-24
April 27-28

Please let me know and I will let Mr. Garvin know.

Thanks!

Shirley


Start Date: 1/28/02; HourAhead hour: 17;  No ancillary schedules awarded.  No variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final Schedules\2002012817.txt


We welcome you to download a free
trial issue of The Desk, the industry's leading weekly on power
trading, risk management and market intelligence.

And through a special arrangement
with the publisher, you can subscribe to a full year of the desk for only
$449 --you save $200 off the regular rate, This offer is good through Feb. 21 only.

This email has been sent to kwatson@enron.com at your
request, by PowerMarketers.com.

Visit our Subscription Center to edit your interests or unsubscribe.
http://ccprod.roving.com/roving/d.jsp?p=oo&m=1000838503237&ea=kwatson@enron.com

View our privacy policy: http://ccprod.roving.com/roving/CCPrivacyPolicy.jsp

Powered by
Constant Contact(R)
www.constantcontact.com


i have a cell phone now.  # is 713-825-8410


---------------------- Forwarded by Irena D Hogan/HOU/ECT on 06/13/2000 08:31
AM ---------------------------

Brent A Price
06/13/2000 07:59 AM
To: Irena D Hogan/HOU/ECT@ECT
cc:
Subject: Officializing Risk Books

Irena - Please forward to all in Risk Management:

In the last few weeks there have been numerous occasions in which certain
risk books have not been officialized.  Most of these instances have been due
to oversight; one instance was at the direction of Commercial.

I want to re-emphasise the importance of ensuring that all risk books are
officialized at the end of the day.  This is the only mechanism we have to
ensure that all trading positions are included in the Daily Position Report
and daily trading limit calculations, both of which are reviewed by top Enron
management on a daily basis.  This must be a top priority for Risk Management
and we need to do whatever we have to do to make sure we remember to perform
this function at the end of every day.  Furthermore, it is totally
unacceptable for Commercial to direct any book administrator to not
officialize a risk book.  If this occurs again and you are uncomfortable with
dealing with the situation, please inform your Desk Controller, Steve Jackson
or myself immediately and we will address the issue.

I realise every one of you has a lot on your plate and are working
significant hours to get your jobs done.  However, let's do what we have to
do to make sure that this basic responsibility of Risk Management is
performed every day without any exceptions.

Brent


The man whispered, "God speak to me" and a meadowlark sang. But the man
did not hear.

So the man yelled "God speak to me" And the thunder rolled across the sky.
But the man did not listen.

The man looked around and said, "God let me see you." And a star shined
brightly, but the man did not notice.

And the man shouted, "God show me a miracle" And a life was born.  But
the man did not know.

So the man cried out in despair, "Touch me God, and let me know you are
here" Whereupon, God reached down and touched the man. But the man brushed
the butterfly away and walked on.

Don't miss out on a blessing because it isn't packaged the way that you
expect.  So many times we see miracles and do not recognize them for what
they are.

My instructions were to send this to four or more people that I wanted God
to bless and I picked you. Please pass this to people you want to be
blessed.


Done.  Both called.  Susan will be in tomorrow and report to Jim Steffes.  Charles expressed some concern and will call Jim tomorrow to discuss role.

R-

 -----Original Message-----
From: 	Kitchen, Louise
Sent:	Tuesday, December 04, 2001 8:23 PM
To:	Jones, Robert W.- HR Exec
Subject:	FW: NEWCO Regulatory List

Please get those two people back.

 -----Original Message-----
From: 	Kean, Steven J.
Sent:	Tuesday, December 04, 2001 3:41 PM
To:	Kitchen, Louise
Cc:	Linnell, Elizabeth
Subject:	RE: NEWCO Regulatory List

Charles Yeung and Susan Lindberg were not on your list yesterday and so they were let go.  Call me.

 -----Original Message-----
From: 	Kitchen, Louise
Sent:	Tuesday, December 04, 2001 3:23 PM
To:	Kean, Steven J.; Steffes, James D.
Subject:	NEWCO Regulatory List

Regulatory

S. Montovano - E. Gas
J. Dosovich - W. Gas
C. Nicolay - FERC
Alan Comnes	West Power
S. Walton - E. Power
J Steffes
Charles Yeung	ERCOT
Susan Lindberg
Sarah Novosel	FERC

Are all of these people still here?  We obviously hope so, as we would like them for NEWCO


Here are the EES contracts that we have designated as Tier One priorities.  I
am attempting to identify the internal deal contacts (Service Mgrs, Legal,
Models, etc.) for each of these transactions.

American National Can
ArchDiocese of Chicago
Chase
Eli Lilly
IBM
Owens
Packaged Ice
Pilkington
Polaroid
Quebecor
Rite Aid
Simon Properties
Springs Industries
Suiza Foods
Tyco
UC/CSU

Thanks for your help on this stuff.  If you haven't received a response
before you leave let me know if I can assist in the follow-up.

Terry
x30442


Mike:

Per an e-mail from Kevin McGowan I have answered your questions. If the
answers are insufficient or you have any questions please call or email.

Thanks

John Massey
ext. 3-9835


Start Date: 1/5/02; HourAhead hour: 15;  No ancillary schedules awarded.  No variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final Schedules\2002010515.txt


We are going to do a one month deal while we work on the long term deal.

Talk to you soon,

Kay
---------------------- Forwarded by Kay Mann/Corp/Enron on 04/27/2001 04:41
PM ---------------------------
From: Reagan Rorschach/ENRON@enronXgate on 04/27/2001 04:39 PM
To: "Marvin Carraway (E-mail)" <mcarraway@watervalley.net>@SMTP@enronXgate,
"Marvin Carraway (E-mail 2)" <cpuadmin@clarksdale.com>@SMTP@enronXgate,
"Robert Priest (E-mail)" <priest@yazoopsc.org>@SMTP@enronXgate, "David
Fairley (E-mail)" <fairleyd@pipeline.com>@SMTP@enronXgate, "David Fairley
(E-mail 2)" <8774984248@pagenetmessage.net>@SMTP@enronXgate, "David Fairley
(E-mail 3)" <fairleyd@pipeline.com>@SMTP@enronXgate, Corry
Bentley/HOU/ECT@ECT, Keith Comeaux/Corp/Enron@Enron, Kayne
Coulter/HOU/ECT@ECT, Edith Cross/HOU/ECT@ECT, David Fairley/ENRON@enronXgate,
Rogers Herndon/HOU/ECT@ect, Jim Homco/HOU/ECT@ECT, Madhup
Kumar/ENRON@enronXgate, Kay Mann/Corp/Enron@Enron, Tom May/Corp/Enron@Enron,
Jeffrey Miller/NA/Enron@Enron, Brad Morse/HOU/ECT@ECT, Christi L
Nicolay/HOU/ECT@ECT, "Pagan, Ozzie" <Ozzie.Pagan@ENRON.com>@SMTP@enronXgate,
Laura Podurgiel/HOU/ECT@ECT, Leslie Reeves/HOU/ECT@ECT, Edward
Sacks/ENRON@enronXgate, Erik Serio/Corp/Enron@Enron, Stacey W
White/HOU/ECT@ECT, Lloyd Will/HOU/ECT@ECT
cc:

Subject: FW: long form confirm/MDEA

Please send comments to Kay this weekend at both address below.

kay.mann@enron.com, kay.mann@worldnet.att.net

Thanks,

Reagan

 -----Original Message-----
From:  Mann, Kay
Sent: Friday, April 27, 2001 4:33 PM
To: Rorschach, Reagan
Subject: RE: long form confirm/MDEA

Here's where I am on the ILA.  I think it should be distributed internally
and to the Cities ASAP,  with an explanation that we are still pondering it.

Kay

Kay


The information contained herein is based on sources that we believe to be
reliable, but we do not represent that it is accurate or complete.  Nothing
contained herein should be considered as an offer to sell or a solicitation
of an offer to buy any financial instruments discussed herein.  Any
opinions expressed herein are solely those of the author.  As such, they
may differ in material respects from those of, or expressed or published by
on behalf of Carr Futures or its officers, directors, employees or
affiliates.  , 2001 Carr Futures

The charts are now available on the web by clicking on the hot link(s)
contained in this email. If for any reason you are unable to receive the
charts via the web, please contact me via email and I will email the charts
to you as attachments.

Crude Spread     http://www.carrfut.com/research/Energy1/crudespread86.pdf
Heat Spread     http://www.carrfut.com/research/Energy1/heatspread86.pdf
Unleaded Spread
http://www.carrfut.com/research/Energy1/unleadspread86.pdf

Heat Crack     http://www.carrfut.com/research/Energy1/heatcrack86.pdf
Gas Crack     http://www.carrfut.com/research/Energy1/gascrack86.pdf

Carr Futures
150 S. Wacker Dr., Suite 1500
Chicago, IL 60606  USA
Tel:  312-368-6149
Fax:  312-368-2281
soblander@carrfut.com
http://www.carrfut.com


CALENDAR ENTRY:	APPOINTMENT

Description:
	Team Leader Mtg. Conference room EB4102

Date:		7/10/2001
Time:		2:30 PM - 3:30 PM (Central Standard Time)

Chairperson:	Outlook Migration Team

Detailed Description:


As we had expected for a few months, although it became imminent a week ago,
Adrian Lajous is leaving Pemex,
and will be substituted by Rogelio Montemayor.
I have known Rogelio for some time; he is an outsider to the Energy sector,
but a good Economist, who has
held both technical positions in past Governments, as well as elected officer
( Congressman, Senator and Governor
of Coahuila).
Rogelio is close to Francisco Labastida, the PRI candidate to the Presidency
(elections-July 2000), and was proposed
by Luis Tellez (Secretary of Energy) as a transition CEO of Pemex, with whom
he can work in some deregulation initiatives
before the change of Government (Dec. 2000).
This leaves our friend Luis Tellez in a very powerful position, since he was
able to remove both the head of CFE & Pemex,
who were opposing his deregulation efforts. Hopefully, he will be able to
transcend the change of Administration, and keep
his drive and level of influence.

  Regards, jaime_____


Great--thanks for the thorough work.  DF


Updated to include comments received as of Friday, 10/19.  According to FERC's website, these parties have filed comments, but I don't have them yet:

Pacific Gas & Electric
CPUC
Dynegy
Williams Energy Marketing & Trading
SoCal Edison
Aquila
El Paso Natural Gas
Southern California Generation Coalition

Will summarize as soon as I get copies.

 -----Original Message-----
From: 	Cantrell, Rebecca W.
Sent:	Thursday, October 18, 2001 6:41 PM
To:	Lawner, Leslie; Allen, Phillip K.; Black, Don; Calcagno, Suzanne; Courtney, Mark; Dasovich, Jeff; Ermis, Frank; Fulton, Donna; Gay, Randall L.; Grigsby, Mike; Hewitt, Jess P.; Holst, Keith; Kaufman, Paul; Kuykendall, Tori; Mara, Susan; McMichael Jr., Ed; Miller, Stephanie; Nicolay, Christi L.; Smith, Matt; Sullivan, Patti; Superty, Robert; Tholt, Jane M.; Tycholiz, Barry
Cc:	Steffes, James D.; Pharms, Melinda; Canovas, Guillermo
Subject:	Comments of the Other Parties on El Paso System Reallocation, RP00-336

This is a summary of the comments we've received so far from the other parties who filed on October 15.  I'll summarize the others as they come in and redistribute this report.

 << File: Summary of 10-15-01 Comments.doc >>


Kate, I looked over the list below and 90% of them look easy, just a few
updates to the schedule or real time sheets and April activities will be well
on the way.

Please let me know what you think, If I can help from this end I will be glad
to.

Thanks, Mark
---------------------- Forwarded by Mark Confer/HOU/ECT on 04/13/2001 12:36
PM ---------------------------
To: Mark Confer/HOU/ECT@ECT
cc:
Subject: Minor revisions

Mark,

See attached for updates.

Thanks
bc

PS - I will be out of the office tomorrow.


I am hoping we can prevail upon you two for your customary, if not always
cheery, review of macroeconomic trends.

Please let me know.


---------------------- Forwarded by Gerald Nemec/HOU/ECT on 10/28/99 10:57 AM
---------------------------

"Bob Stamp" <rstamp@trib.com> on 10/22/99 10:36:26 AM
To:
cc: Gerald Nemec/HOU/ECT@ECT
Subject: version 10/22/99

Gerald,
Manuel Lojo's email is down this AM.  I am sending his modifications to the
document.

Bob Stamp
 - att1.htm
 - 7CAPACITY LEASE3RED.doc


http://64.30.200.22/cgi-bin/wwwthreads/wwwthreads.pl

cut and paste this - it should work


Dear Ken,
 Federico Sada, who is travelling with President elect Vicente Fox in South
America, called me this morning,
and asked me to give you the confirmed list of attendees to the dinner in New
York, Wednesday August 23, 8:00 P.M.
at the Watteau Room of the St. Regis Hotel:

 Sanford I. Weill   Citigroup, Inc.   Chairman and CEO
 Hendrick Verfaille  Monsanto Co.   President and CEO
 William B Harrison, Jr.  Chase Manhattan Corp.  Chairman and CEO
 Raymond V. Gilmartin  Merck and Company, Inc. Chairman and CEO
 Michael Armstrong  AT&T    Chairman and CEO
 Stephen M. Wolf  US Airways   Chairman and CEO
 Kenneth L. Lay   Enron Corp.   Chairman and CEO

Pending confirmation
 Douglas A. Warner III  J.P. Morgan   Chairman

According to Federico, if there is any late cancellation, no one will be
substituted. Also, there is a small possibility that
the dinner could take place in Washington, rather than N.Y., based on Fox's
meeting with President Clinton; they are still
working on the final agenda.

 Max and myself are working on the background information that you will need,
and will keep you posted of any
changes; best regards,  jaime____


MESSAGE SENT ON BEHALF OF WES COLWELL:

You have been selected to participate on the VP Commercial Support PRC Sub-Committee to cross calibrate and rate the Commercial Support Vice Presidents.  This PRC will be held on July 20, 2001 in EB 49C1.  You will be responsible for representing Vice Presidents in your functional area and/or business unit.  The attached file details specifically, the employees we are requesting that you represent.

Two weeks prior to the meeting, you will receive the following information to facilitate your preparation.

1. Employee Profile
2. Consolidated Feedback
3. List of Accomplishments
4. Functional vs Business Unit Ranking Differences

You should discuss the performance of these Vice Presidents with their manager and resolve any issues based on feedback received prior to attending this meeting.  The results of this committee will be reviewed and approved by the VP PRC Committee on July 23, 2001.

If you have any questions or concerns, please don't hesitate to contact me at ext. 37249.

Wes Colwell


dinner is fine too.  is jason going to make it?

"K. Bass" <daphneco64@bigplanet.com> on 08/10/2000 01:36:27 PM
Please respond to "K. Bass" <daphneco64@bigplanet.com>
To: Eric Bass <Eric.Bass@enron.com>
cc:
Subject: Re: ENE

Oh, I was thinking of dinner.  What would you want for lunch? LU-M
----- Original Message -----
From: "Eric Bass" <Eric.Bass@enron.com>
To: "K. Bass" <daphneco64@bigplanet.com>
Sent: Thursday, August 10, 2000 1:22 PM
Subject: Re: ENE

>
>
> i think we should be able to make it out on saturday for lunch.  maybe
around
> 11-12?
> i don't have any news on toni, she is still on a respirator but is
responsive.
>
> i'll keep you posted.
>
> e
>
>
>
>
> "K. Bass" <daphneco64@bigplanet.com> on 08/10/2000 01:14:34 PM
>
> Please respond to "K. Bass" <daphneco64@bigplanet.com>
>
> To:   Eric Bass <Eric.Bass@enron.com>
> cc:
> Subject:  Re: ENE
>
>
> Yo, E-
>
> How are you today?  Just emailed Shanna.  Let me know about Saturday.  If
> Shanna isn't up for it I'll understand.  She sure has had a tough week.
> Good/bad news re: Toni.  Sure wish I could help out.  Have a good day.
LU-M
> ----- Original Message -----
> From: "Eric Bass" <Eric.Bass@enron.com>
> To: "K. Bass" <daphneco64@bigplanet.com>
> Sent: Tuesday, August 08, 2000 10:04 AM
> Subject: Re: ENE
>
>
> >
> >
> > by the way, buy it now b/c it is going to 100 by year end.
> >
> >
> >
> >
> > "K. Bass" <daphneco64@bigplanet.com> on 08/08/2000 09:43:24 AM
> >
> > Please respond to "K. Bass" <daphneco64@bigplanet.com>
> >
> > To:   Eric Bass <Eric.Bass@enron.com>
> > cc:
> > Subject:  Re: ENE
> >
> >
> > Your father never listens to me, what can I say?  But, I'm very happy
for
> > you!  How are you?  Any news on Aunt Toni?  LU-M
> > ----- Original Message -----
> > From: "Eric Bass" <Eric.Bass@enron.com>
> > To: <lwbthemarine@bigplanet.com>; <daphneco64@bigplanet.com>
> > Sent: Tuesday, August 08, 2000 9:23 AM
> > Subject: ENE
> >
> >
> > >
> > >
> > > As Enron reaches new highs (82), I hope you took my advice to buy it
at
> > 74.  Did
> > > you?
> > >
> > > -E
> > >
> > >
> >
> >
> >
> >
> >
> >
> >
>
>
>
>
>
>
>


F R I D A Y   E V E N I N G   E X T R E M E   M A R K E T S
A complimentary service from INO.com ( http://www.ino.com/ )

Friday: The CRB Index has advanced 2.02 points to 188.39. The
US Dollar Index slipped 0.07 points to 116.44.

The Dow Industrials fell 5.40 points, at 9866.99, while
the S&P 500 declined 3.59 points, last seen at 1138.65. The
Nasdaq Composite fell 1.99 points to 1898.58.
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E X T R E M E   M A R K E T   C O M M E N T A R Y
_____________________________________________________________________

The STOCK INDEXES http://quotes.ino.com/exchanges/?c=indexes

Stock indexes closed lower on Friday due to light profit taking ahead
of the close. The NASDAQ posted another inside day with a slightly
lower close as it consolidates below minor resistance crossing at
1933.94. Weekly momentum indicators remain bullish signaling that
sideways to higher prices are possible during the last half of
November. If the aforementioned resistance level is cleared, the 25%
retracement level of the 2000/2001 decline crossing at 2071.93 is a
potential target later this year. The December S&P 500 index closed
lower on Friday but held above the 50% retracement level of the
May/September decline crossing at 1137.45. The door remains open for
a test of the reaction high crossing at 1163.90 later this month.

The Dow closed slightly lower on Friday due to light profit taking
ahead of the weekend. Losses were limited following the release of
today?s economic reports and ideas that the conflict in Afghanistan
may come to an end by the end of the year. If this fall?s rebound
continues, the 62% retracement level of this year?s decline crossing
at 10094.10 is the Dow?s next target.

INTEREST RATES http://quotes.ino.com/exchanges/?c=interest

December T-bonds extended this week?s sharp sell off on Friday and
tested the 75% retracement level of the Sept./Oct. rally crossing at
104-29. December bonds have decline over 5 points since Tuesday.
While momentum indicators are bearish signaling that additional
weakness is possible during the last half of November I would not be
surprised to see a modest short covering bounce early next week.
Longer-term the door is open for a possible test of September?s low
crossing at 102-17.

The CRB INDEX http://quotes.ino.com/exchanges/?c=indexes

The CRB index closed higher on Friday due to a rebound in energies,
grains, fiber and foods. Session lows fell short of testing trendline
support drawn across this fall?s lows. Closes below this support
level crossing near 186 are needed to confirm that the shallow
rebound off October?s low has ended. At the same time closes above
this week?s high crossing at 190.46 are needed to renew this fall?s
rally.

ENERGY MARKETS http://quotes.ino.com/exchanges/?c=energy

The energy markets closed higher on Friday due to short covering as
it consolidated some of this week?s sharp losses. However, upside
potential appears limited due to the possibility of a protracted
fight between Russia and OPEC that could last for some time.

December crude oil posted an inside day with a modestly higher close
due to light short covering. However, December remains poised to test
of the 75% retracement level of the 1998/2000 rally crossing at 16.83
later this month. If this support level fails to halt this fall?s
decline the January 1999 reaction high crossing at 13.75 is a
possible target later this fall. Momentum indicators are bearish
signaling that additional weakness is possible during the last half
of November.

December heating oil posted an inside day with a modestly higher
close on Thursday due to light short covering. However, a sell off
ahead of the close tempered some of today?s gains leaving the door
open for sideways trading on Monday. Session highs tested broken
support marked by the October 1999 low crossing at 53.40. If this
week?s decline continues, the 75% retracement level of the 1999/2000
rally crossing at 48.50 is December?s next likely target. Momentum
indicators are bearish signaling that sideways to lower prices are
likely into the last half of November.

December unleaded gas ended higher on Friday due to light short
covering as it consolidated some of this week?s losses. However,
today?s short covering bounce fell short of testing broken support
crossing at 51.87. While another day or two of short covering is
possible, the door is open for additional weakness with the June 1999
low crossing at 47.00 being December?s next likely target. Momentum
indicators are bearish signaling that sideways to lower prices are
possible near-term.

December Henry Hub natural posted an upside reversal on Friday after
spiked below October?s low crossing at 2.535. Additional strength on
Monday is needed to confirm today?s bullish reversal pattern thereby
increasing the odds that this week?s low marked a double bottom with
October?s low. If the decline off October?s high continues, weekly
fib support crossing at 2.402 is a potential target later this year.
Short-term momentum indicators are bearish but have entered their
respective oversold zones hinting that a double bottom might be
forming if October?s low can halt this month?s decline.

CURRENCIES http://quotes.ino.com/exchanges/?c=currencies

The December Dollar posted another quiet inside day with a lower
close as it consolidates just below trading range resistance crossing
at 116.60. Closes above Wednesday?s high at 117.05 would confirm a
breakout above this falls trading range and could lead to a test of
August?s reaction high crossing at 117.49 later this month.
Stochastics remain bullish signaling that sideways to higher prices
are still possible.

The December Swiss Franc closed higher on Friday as it extended its
short covering bounce off Wednesday?s low. Monday will be a key day
in near-term direction of the market. A higher opening followed by a
lower close on Monday would signal that this week?s short covering
bounce has likely come to an end. Closes below Wednesday?s low at
.5961 would renew December?s decline and set the stage for a likely
test of the 50% retracement level of the July/September rally
crossing at .5944. Momentum indicators are bearish signaling that
additional weakness is possible during the later part of November.

The December Canadian Dollar closed modestly lower on Friday, as is
consolidated above October?s broken downtrend line. Today?s mid-range
close leaves the door open for sideways trading on Monday. If
December extends this week?s short covering rally the 25% retracement
level of the July/November decline crossing at .6322 is December?s
next upside target. Momentum indicators are bullish signaling that
sideways to higher prices are possible near-term.

The December Japanese Yen closed out the week on a low note on
Friday. However, session lows fell short of testing October?s low
crossing at .8132. If this support level is broken thereby renewing
December?s decline off September?s high this summer?s low crossing at
.8060 is a potential target later this year. Stochastics and the RSI
are bearish signaling sideways to lower prices are possible into the
last half of November.

PRECIOUS METALS http://quotes.ino.com/exchanges/?c=metals

December gold posted a second consecutive close below October?s low
on Friday thereby opening the door for a possible test of August?s
reaction low crossing at 272.60 later this month. However, today?s
mid-range close leaves the door open for a possible short covering
bounce on Monday. Stochastics and the RSI are bearish signaling that
additional weakness is possible during the last half of November.

December silver posted an inside day with a lower close on Friday as
it consolidates below broken support crossing at 4.15. Close below
last Friday?s low crossing at 4.055 cents would renew December?s
decline off September?s high and could lead to a possible test of
weekly support crossing at 3.90 later this month.

December copper posted a key reversal up on Friday ending Thursday?s
correction. At the same time December will need to close above
Thursday?s high crossing at 69.60 to renew its rebound off last
week?s low. If the rally resumes, August?s high crossing at 70.60 is
December?s next target. Short-term momentum indicators are bullish
but becoming overbought hinting that a test of August?s high early
next week could trigger a round of profit taking.

GRAINS http://quotes.ino.com/exchanges/?c=grains

December corn closed higher on Friday due in large part to spillover
strength from soybeans and wheat. This morning?s export sales report
came in at 31.9 million bushels, which was near the upper end of
pre-report estimates but still below the pace needed to reach USDA
export projections. Today?s high-range close sets the stage for a
firmer opening on Monday but closes above initial gap resistance
crossing at 2.09 1/2 are needed to trigger new buying interest in the
market. Until then sideways trading will continue to dominate the
market near-term.

December wheat closed sharply higher on Friday as short covering
gains were exaggerated as buy stops were hit above 2.86, which pushed
December above last week?s high of 2.88 1/2. While a setback is
possible on Monday due to ideas that today?s gains were overdone
today?s rally turned a number of momentum indicators neutral to
bullish signaling that the sell off from October?s high has come to
an end. Today?s rally found little support from this week?s export
sales report, which came in at 14 million bushels and well within
pre-report estimates.

SOYBEAN COMPLEX http://quotes.ino.com/exchanges/?c=grains

January soybeans closed higher on Friday as bulls stepped up to the
plate and defended their positions following this week?s breakout
above initial gap resistance crossing at 4.44 1/. Today?s rally fell
just short of filling October?s gap crossing at 4.53 1/2, which
coincides with the 25% retracement level of the July/October decline
crossing at 4.54. Closes above these key resistance levels are needed
to open the door for a larger-degree post-harvest rebound that could
last into the end of the year. Today?s weekly export sales report
came in near the low end of pre-report estimates at 27.25 million
bushels. However, expectations for improving foreign and domestic
demand in the coming weeks along with a lack of sellers helps push
January to new highs for the week.

December soybean meal closed steady on Friday after testing the upper
boundary of October?s trading range crossing at 167. A round of
profit taking ahead of the close erased early gains leaving the door
open for further consolidation on Monday. At the same time short-term
momentum indicators remain bullish signaling sideways to higher
prices are possible during the last half of November. Closes above
167 could lead to a test of September?s high crossing at 171 later
this month.

LIVESTOCK http://quotes.ino.com/exchanges/?c=livestock

December hogs closed sharply lower on Friday erasing the gains of the
past three trading sessions. Much of today?s pressure in the December
contract was due to bull spreaders dumping their positions ahead of
the weekend. With packers covered on their needed into next
Wednesday, weaker cash bids are expected to start the new week on
Monday. Momentum indicators remain bearish hinting that December
could renew its decline off last week?s high and possibly test
October?s low at 46.70 later next week before a bottom is in place.

December cattle closed higher on Friday due to short covering ahead
of this afternoon?s cattle-on-feed report. Momentum indicators have
turned bullish signaling that Monday?s low likely marked an important
bottom. The late- week rebound has V-bottom written all over the
market. This afternoon?s cattle-on-feed report was termed bearish.
The big question is whether or not the decline ahead of the report
factored in all of today?s bearish news. I am looking for a setback
on Monday as the market absorbs today?s negative report. Here are the
highlights of today?s report.

USDA estimate Ave. guess Range of guesses

On Feed as of Nov. 1 ----- 100% 99.2% 98.0- 100.00%

Placed in October -------- 97% 91.5% 87.0- 97.5%

Marketed in October ------ 99% 99.1% 97.0- 100.00%

FOOD & FIBER http://quotes.ino.com/exchanges/?c=food

December coffee posted an inside day with a higher close on Friday
and remains poised to extend its short covering rebound off October?s
low. Closes above Wednesday?s high at 50.00 cents would renew this
week?s rally setting the stage for a test of August?s gap crossing at
54.00 later this year. Momentum indicators are turning bullish
signaling that additional gains are possible near-term.

December cocoa gapped up and closed sharply higher on Friday as it
cleared both last February?s high at 1237 and weekly fib resistance
crossing at 1261. This week?s breakout above February?s high has
opened the door for a possible test of the 62% retracement level of
the 1997/2000 decline crossing at 1349 later this year. At the same
time, if today?s gap is filled next week it would signal that a top
has likely been posted as today?s gap was an exhaustion gap.

March sugar closed lower on Friday due to light profit taking ahead
of the weekend. If the rally continues, the 50% retracement level of
the June/October decline crossing at 755 is March?s next target.
Closes below this fall?s uptrend line crossing near 691 would confirm
that a short-term top has been posted. Weekly momentum indicators
remain bullish signaling that sideways to higher prices are possible
into late-November.

December cotton closed higher on Friday supported by this week?s
stellar export sales report that came in at 455,200 bales, the
strongest of the marketing year. Nevertheless, December failed to
exceed this week?s high at 35.60 and closed mid-range on the day.
This leaves the door open for sideways trading on Monday. Closes
below Thursday?s low at 33.40 could trigger new selling, which could
end the late fall rally. If the rally resumes, fib resistance
crossing at 37.25 is December?s next target. Momentum indicators are
bullish but nearing their respective overbought zones warning traders
to use caution as a short-term top might be near.

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I N O   N E W S
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Pacific Exchange Adds 90 Options To B-D Auto-Ex Program
   http://news.ino.com/press/?release=27523
WTC Gold Re-Located And Eligible For NYMEX Deliveries
   http://news.ino.com/press/?release=27522
Tel Aviv Stock Exchange To Launch Euro-Shekel Derivatives
   http://news.ino.com/press/?release=27521
CME Records Busiest Ever Day, Sets Open Interest Record
   http://news.ino.com/press/?release=27520
Hong Kong Reduces Levies On Stock Futures Contracts
   http://news.ino.com/press/?release=27519

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E X T R E M E   F U T U R E S
____________________________________________________________________________

Updated every 10 minutes around the clock.
More at http://quotes.ino.com/analysis/extremes/futures/

WINNERS

PNM2   Propane Jun 2002                           0.3150    0.0200  +6.78
HOX2   Heating Oil Nov 2002                       0.5656    0.0298  +5.42
PAZ1   Palladium Dec 2001                         342.00     16.05  +4.92
CCZ1   Cocoa Dec 2001                               1285        54  +4.37
LBN2   Random Length Lumber Jul 2002              246.00     10.00  +4.15
DBZ1   Butter Dec 2001                           140.000     5.000  +3.70
NGZ1   Henry Hub Natural Gas Dec 2001              2.637     0.094  +3.68
SCF2   Brent Crude Oil Jan 2002                    17.76      0.63  +3.64
CLZ1   Light Sweet Crude Oil Dec 2001              18.03      0.62  +3.55
XWZ1   Wheat Dec 2001                            289 1/4     9 3/4  +3.48

LOSERS

QLN2   Central Appalachian Coal Jul 2002           30.50     -1.50  -4.69
LHZ1   Lean Hogs Dec 2001                         48.050    -1.375  -2.78
RRH2   Rough Rice Mar 2002                         4.160    -0.090  -2.12
XHZ1   Lean Hogs Dec 2001                          48.05     -1.02  -2.06
CLZ5   Light Sweet Crude Oil Dec 2005              20.89     -0.33  -1.62
PNZ1   Propane Dec 2001                           0.3100   -0.0050  -1.59
PBN2   Frozen Pork Bellies Jul 2002               74.500    -1.000  -1.32
TUH2   Treasury Notes 2yr Mar 2002             104 19/64    -87/64  -1.30
ZBH2   U.S. Treasury Bond Mar 2002             104 02/32  -1 06/32  -1.13
ZTZ1   Treasury Notes 2yr Dec 2001             104 56/64    -72/64  -1.07

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E X T R E M E   S T O C K S
____________________________________________________________________________

Updated every 10 minutes around the clock.
More at http://quotes.ino.com/analysis/extremes/stocks/

WINNERS

TESTV  TEST SECURITY                             42.6300   11.0100  +34.82
TESTA  TEST SECURITY                            120.4100   30.2100  +33.49
ITXC   ITXC CORP                                  5.7200    1.4700  +33.18
AMIE   AMBASSADORS INTL                          19.4900    4.1500  +26.84
U      US AIRWAYS GROUP                             6.97      1.27  +22.28
MRVC   MRV COMMUNICATIONS                         5.2100    0.9300  +21.53
DNCR   DYNACARE INC                              13.1500    2.3200  +21.32
BRLI   BIO-REFERENCE LABS                         6.4000    1.0600  +19.67
DOC    MEDICAL ADVISORY SYSTEMS INC                 7.90      1.25  +18.80
RBAK   REDBACK NETWORKS INC                       5.3000    0.8000  +17.86

LOSERS

FLIR   FLIR SYS INC                              34.3400   -7.0400  -17.17
VINT   GOLDEN STATE VINTNERS'B'                   5.5000   -0.8200  -14.91
AEOS   AMER EAGLE OUTFITTERS INC                 26.2700   -4.2900  -14.07
FC     FRANKLIN COVEY                               6.06     -0.95  -13.57
ATPG   ATP OIL & GAS                              5.2900   -0.7100  -12.35
SSPX   SSP SOLUTIONS INC                          5.1800   -0.6700  -11.75
IMCO   IMPCO TECHNOLOGIES                        14.3000   -1.8500  -11.60
MAGS   MAGAL SECURITY SYSTEMS LTD                 7.1800   -0.8900  -11.37
RMCI   RIGHT MGMT CONSULTANTS                    21.9300   -2.8800  -11.28
CTRA   CENTRA SOFTWARE                            6.8000   -0.8400  -11.05
_____________________________________________________________________

T H A N K   Y O U
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Marrhew Platter, MS, CFA

Three years?two designations?one program that does it all for you.

Now you can earn a Master of Science degree from the College for Financial Planning while preparing for your certification exams such as the CFA
. The new Financial Analyst concentration of the master's program <http://www.fp.edu/adclick.asp?ciid=29> incorporates the Body of Knowledge developed by the Association of Investment Management and Research (AIMR
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 program. You can earn master's level credit from an accredited institution pursuing the designation that is exploding in popularity, the Chartered Financial Analyst (CFA
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Each course is instructor-led so that you can share in the knowledge of financial industry professionals. Faculty are available online or by telephone to help you through difficult areas. The courses in the Financial Analyst concentration are also offered separately <http://www.fp.edu/adclick.asp?ciid=30> for professional development or to prepare for a specific examination topic.

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You have been sent this message because you are a current or former student of the College for Financial Planning. If you wish to manage the kind of information the College for Financial Planning sends you via e-mail, please click on the following link: <http://www.fp.edu/SubscriptionManagement.asp?email=pplatte%40ect%2Eenron%2Ecom>


Coming back to browse through our notes on why we do this crazy thing called
the MS150, we find that the primary inspiration is to assist the MS Society
in its mission to encourage and provide for the needs of MS patients and give
them the hope of endless possibilities.

PEDAL FOR PARTNERS is a new program this year designed to help MS patients
feel part of the trek.  It creates a bond with them that is much appreciate
and it gives them hope to know that we're out there.  Those who could ride,
would ride, and some of those who can't are waiting at the finish line in
Austin to tell you how much it meant to them to see you come in on your bike.

IF YOU WOULD LIKE TO WEAR A RIBBON ON YOUR RIDE WHICH HAS BEEN SIGNED BY AN
MS PATIENT, IT WOULD BE GREATLY APPRECIATED.  THAT PERSON'S ADDRESS IS
PROVIDED ALONG WITH THE RIBBON SO THAT WHEN YOU GET BACK YOU CAN MAIL IT TO
THE INDIVIDUAL FOR WHOM YOU RODE.

You can pick one up at the meeting tomorrow, get one from me in 3AC3120,
Stephanie Strong at EB2414, or Becky Pham at EB2422A.  For you non-Enron
riders, if you'll let us know this week, we can mail it to you.


good story on negawatts.  Thanks to John Shelk for getting me the document,
it helped Jim Landers with the story.

Mark

http://www.dallasnews.com/business/stories/381290_negawatt31_bus.html


----- Forwarded by Richard B Sanders/HOU/ECT on 10/10/2000 09:13 AM -----

	"Tetrault, Charles D." <ctetrault@velaw.com>
	10/10/2000 07:16 AM

		 To: "'Richard.B.Sanders@enron.com'" <Richard.B.Sanders@enron.com>
		 cc: "'breasoner@Gibbs-Bruns.com'" <breasoner@Gibbs-Bruns.com>
		 Subject: MDL

I have heard that the Lufkin cases have been transferred to Wyoming.  But I
have not seen the order yet.
--------------------------------
Sent from my BlackBerry Wireless Handheld (www.BlackBerry.net)


Can whoever is working on the revised confirms for the referenced
counterparty let Doug know the status?  Thanks!
---------------------- Forwarded by Tana Jones/HOU/ECT on 01/20/2000 12:43 PM
---------------------------
From: Doug Paterson on 01/20/2000 11:40 AM MST
To: Shari Stack/HOU/ECT@ECT, Tana Jones/HOU/ECT@ECT
cc:
Subject: Re: BC Gas Utility

My friends at BC Gas now have the ISDA amendment.  Thanks.  What about the
revised confirms?


Meter 985688 recorded flow from March 14th to the end of the month, averaging around 130 per day.  The above deal has a zero volume in it, creating an allocation exception at that point.  Bob is out and this is a gathering point, so do you have any objection with me inserting a deal volume of 130 per day for that time period?

Thanks.


Kevin,

It's been a busy morning.  I'll look these up ASAP.

Mary

 -----Original Message-----
From: 	Hyatt, Kevin
Sent:	Tuesday, February 19, 2002 11:12 AM
To:	Carriere, Frank; Hubbard, Mary
Subject:	RE: Location Number
Importance:	High

I found these numbers in a file, Loc Code 14039, 14225, 24008

I'm not sure what assets they are in reference to.

kh

 -----Original Message-----
From: 	Carriere, Frank
Sent:	Tuesday, February 19, 2002 8:03 AM
To:	Hyatt, Kevin
Subject:	FW: Location Number

FYI.

As I indicated in my phone message we are not finding these assets using the description provided. Judy Beck is or was the facilitiy
person for ETS. She is now Dynegy, therefore, we may get a referral instead of an answer.

 -----Original Message-----
From: 	Hubbard, Mary
Sent:	Friday, February 15, 2002 2:31 PM
To:	Carriere, Frank
Subject:	FW: Location Number

FYI
 -----Original Message-----
From: 	Hubbard, Mary
Sent:	Friday, February 15, 2002 1:02 PM
To:	'judy.d.beck@dynegy.com'
Subject:	Location Number

Judy,

I need to provide a NBV for a Gomez Laterial (35miles of 20" pipe), to Kevin Hyatt. Frank says it should be in company 0060 (TW).
I ran the following locations numbers: 44*094, 44*095, 44*149 44*34037, but found nothing in co. 0060.  Can you help?

Thanks,

Mary

I


The report named: DPR - Concentration <http://erv.corp.enron.com/linkFromExcel.asp?report_cd=48&report_name=DPR+-+Concentration&category_cd=2&category_name=ENRON%20CONSOLIDATED&toc_hide=1&sTV1=2&TV1Exp=Y&current_efct_date=11/09/2001>, published as of 11/09/2001 is now available for viewing on the website.

Publisher's Notes:

FINAL


Ellen Corbett will have a press conference at  10:30am on AB 128x.
Hertzberg and Burton will have a press conference  on the "energy situation"
at 1pm.

Chris Micheli, Esq.
Carpenter Snodgrass  & Associates
1201 K Street, Suite 710
Sacramento, CA?  95814
(916) 447-2251
FAX: (916) 445-5624
EMAIL: cmicheli@carpentersnodgrass.com


How about meeting in Sheila's office (3879) at 1030?


Rep. Sheila Jackson Lee asked Enron to support the Congressional Black Caucus
"energy" field trip trip to Houston on Jun 28-30, 2001.  She said was going
to call Ken Lay, but Rosalee has not taken a call.

API has been asked to coordinate the meeting and they have hired a event
planning firm.  Jackson Lee has made it clear she wants Enron involved even
thought were are not APIMembers.  API would like to bring the CBC to the
Enron trading floor and gas control room.   Jackson Lee would also like to
have Ken Lay attend a roundtable discussion on June 29. There will be several
lavish social events which we will be inivited to attend.   We will also be
asked to contribute to the trip.....my guess is that we are looking at over
$40,000.

Jim Ford at API is coordinating the trip.  He will be in contact with me next
week with more information.

Sorry the info. is so sketchy, but that is all there is so far.

----- Forwarded by Chris Long/Corp/Enron on 06/01/2001 04:39 PM -----

	Jim Ford <Fordj@api.org>
	06/01/2001 04:26 PM

		 To: "'clong@enron.com'" <clong@enron.com>
		 cc:
		 Subject: CBC Event

[Jim Ford]? As we discussed.
 <<CBC Texas Visit 5-31-01.doc>>  <<CBC Roster.doc>>

 - CBC Texas Visit 5-31-01.doc
 - CBC Roster.doc


Dear Traders,

I still have not heard responses from some of you who have been on shift
since I sent the e-mail about MPC cleanup.  We need to check out soon!
There are too many disputes to pull tapes for, so please help me find the
answers.

Thanks,

VA


Ignore my comment about being a one day deal!  Sorry!


Chris--We'll call you about this momentarily.

 - Chg vs MarFOM 03-24-00.xls


Kim,

Per our conversation:

Phone:  415.831.5964
Cell:  415.999.5704
email:  douglasdyer@msn.com  (I will get another when I hook into CMS' system)

Laird


Is this a  1 month deal?  Do you want to adjust the price for gathering &
transport?

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


---------------------- Forwarded by Tana Jones/HOU/ECT on 01/17/2000 05:03 PM
---------------------------

Molly Harris
01/17/2000 04:59 PM
To: Frank L Davis/HOU/ECT@ECT, Karen Lambert/HOU/ECT@ECT, Tana
Jones/HOU/ECT@ECT, Samuel Schott/HOU/ECT@ECT
cc: Bob Shults/HOU/ECT@ECT, Mark Taylor/HOU/ECT@ECT, Bernice
Rodriguez/HOU/ECT@ECT, Tom Moran/HOU/ECT@ECT, Brant Reves/HOU/ECT@ECT, Debbie
R Brackett/HOU/ECT@ECT, William S Bradford/HOU/ECT@ECT, Brian
Hunter-Lindsay/LON/ECT@ECT, Coenraad Basson/LON/ECT@ECT, Bhautik
Patel/LON/ECT@ECT, David Hardy/LON/ECT@ECT, David Weekes/LON/ECT@ECT, Sylvia
A Campos/HOU/ECT@ECT, Carrie Southard/HOU/ECT@ECT, Lisa Gillette/HOU/ECT@ECT
Subject: EOL Credit Responses 1/17

Please find attached Credit's EOL responses for 1/17/00.

Regards
Molly