The well
Houston Chronicle, 04/08/01

Enron Takes Indian Dispute to Arbitration Court, FT Reports
Bloomberg, 04/08/01

Like it or not, DivX emerges as format of choice for online movies
Associated Press Newswires, 04/08/01

DPC should reduce high tariff rate, NCP chief Sharad Pawar
Press Trust of India Limited, 04/07/01

Mahashtra industrial output on a decline: Pawar
The Times of India, 04/07/01

ENRON IS PLANNING TO ELIMINATE ABOUT 250 JOBS
The New York Times, 04/07/01

THE CALIFORNIA ENERGY CRISIS Pacific Gas' Filing Hits Other Stocks Wall St.:
Fear of exposure to the utility has investors reacting negatively to the
shares of its major lenders, power suppliers and bond insurers.
Los Angeles Times, 04/07/01

The convergence revolution can wait, but can investors?
The Globe and Mail, 04/07/01

Hits of the Week
Houston Chronicle, 04/07/01

ENRON ASKS POMPANO TO PUT OFF PLANT VOTE FOES CALL REQUEST A TACTIC TO STOP
RALLY BY PROTESTERS
South Florida Sun-Sentinel, 04/07/01

PG&E BANKRUPTCY TO BE COSTLY LONG, SERPENTINE PROCESS AHEAD FOR UTILITY;
INVESTOR UNLIKELY TO SEE RETURNS ON INVESTMENTS ANYTIME SOON
The Press Democrat Santa Rosa, CA, 04/07/01

PG&E Creditors Are Lining Up / BofA, local generators owed billions by utility
The San Francisco Chronicle, 04/07/01

Enron to Cut 20% of Workforce at Broadband Unit, Reuters Says
Bloomberg, 04/07/01

Maharashtra Won't Make Payment to Enron Venture, Paper Says
Bloomberg, 04/07/01

BUSINESS
The well
The well
Staff

04/08/2001
Houston Chronicle
2 STAR
16
(Copyright 2001)

Enron Energy Services announced a long-term energy management agreement with
J.C. Penney Co. valued at more than $600 million.
Through the agreement, Enron will manage the supply of electricity at more
than 1,250 Penney locations in 50 states. Enron also will replace or update
energy equipment to reduce consumption.
Anadarko Petroleum Corp. announced results from the Fife Unit No. 2 well in
Central Texas.
Located in the Navasota River field of Washington County, the well flowed at
a rate of 51 million cubic feet of gas per day. The well reached a total
vertical depth of 14,080 feet and was drilled laterally for almost 5,000
feet. Anadarko has a 100 percent working interest.
Anadarko's net volumes in Central Texas have grown to more than 235 million
cubic feet of gas per day and 14,700 barrels of oil per day. The company
operates nine rigs throughout the region.
ATP Oil & Gas Corp. acquired six producing properties in the Gulf of Mexico
that will add about $1.4 million to its monthly cash flow. The properties
were acquired from an international oil company. Financial terms were not
disclosed.
During January, the properties produced approximately 7 million cubic feet of
natural gas per day and 340 barrels of oil per day. The properties have
proven and undeveloped reserves.
This is the second Gulf of Mexico property package acquired by ATP since its
initial public offering in February.
Renewable Energy Systems and Cielo Wind Power LLC completed a deal to
construct a wind power facility on King Mountain near McCamey in West Texas.
The companies are based in Austin.
The project will consist of 214 wind turbines with capacity to produce 278.2
megawatts. The amount is enough to supply power to around 139,100 homes. It
will save, over its 20-year life, the emission of nearly 20 million tons of
carbon dioxide, the companies said.
Bonus A/S of Denmark will supply the wind turbines, which produce 1.3
megawatts of power each.
Electricity generated by the facility will be sold to Reliant Energy of
Houston, under a 15-year contract for 198.9 megawatts of the capacity, to
Austin Energy, under a 10-year contract for 76.7 megawatts of capacity, and
to Texas-New Mexico Power for the remaining 2.6 megawatts. It will be owned
and operated by FPL Energy LLC, the U.S. subsidiary of Renewable Energy
Systems Ltd. Construction will begin immediately and the wind ranch will be
fully operational before the end of the year.

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

Enron Takes Indian Dispute to Arbitration Court, FT Reports
2001-04-08 20:10 (New York)

     Bombay, April 9 (Bloomberg) -- Enron Corp. is taking its
dispute with India's Maharashtra state government to an
arbitration court after the government decided not to pay a 1.02
billion rupee ($20 million) bill, the Financial Times said on its
Web site.
     The government wouldn't pay the bill from an Enron venture
for electricity charges until Enron pays penalties imposed by the
Maharashtra State Electricity Board for ``certain technical
violations,'' the newspaper said.
     Enron is confident it can resolve the penalty issue in its
favor, saying the Indian electricity board is raising frivolous
claims in an attempt to avoid payments, the report said.
     Enron's $3 billion power project in Maharashtra is the
biggest foreign investment in India, the FT said.

Like it or not, DivX emerges as format of choice for online movies
By RON HARRIS
Associated Press Writer

04/08/2001
Associated Press Newswires
Copyright 2001. The Associated Press. All Rights Reserved.

SAN FRANCISCO (AP) - For the movie industry, a small piece of software called
DivX holds the same promise and peril that the MP3 audio format presented to
the record labels.
DivX has already shown the potential to become a de facto Internet standard -
and the basis for a California startup that hopes to make it the compressed
digital video format of choice.
Thousands of film buffs have discovered that DivX can be a real alternative
to paying for movies, just as Napster and MP3 allow music fans to trade
millions of songs for free.
"Sometimes I rent a DVD at a local rental store, I `rip' it and send it
back," said Bruce Heller of Paris. "I know it's illegal, but I think it's
better to rent a movie each week than buying a DVD or two each year."
DivX compresses full-length movies into sizes small enough to be sent on the
Internet and stored on a single compact disk. Using DeCSS software to crack
the Content Scrambling System on DVDs, Heller copies movies using DivX onto
his own CDs and loans them to friends.
"We are only at the beginning of the movie piracy, and it's growing fast,"
Heller said. "Who would not be interested in it?"
The challenge for Hollywood and technology companies is to create a popular,
yet secure standard for online video delivery before the movie industry
suffers the same losses that record labels have seen.
Publicly, Hollywood is enthusiastic about a future in which movies can be
delivered directly to personal computers over the Internet.
DivX, like other video compression technologies, could provide the answer if
coupled with strong security measures, said Jack Valenti, head of the Motion
Picture Association of America.
"I think the technology is wonderful," Valenti said. "I don't see it as a
tool of piracy. I see it as a convenience to consumers who want to bring down
legitimate licensed films."
DivXNetworks, a small San Diego-based startup, hopes to make DivX the format
of choice for Hollywood. It wants to negotiate revenue-sharing deals with
companies looking to sell content online - but hasn't succeeded in cutting
any deals with major studios.
Jordan Greenhall, the company's chief executive and co-founder, said
DivXNetworks' only legitimate customers so far use DivX to deliver video of
monster truck contests and Japanese animation shorts.
The company faces formidable challenges from Microsoft Corp., which showed
the power of the Windows Media format last month by delivering a half-hour
film starring John Cleese to a Pittsburgh theater via the Net.
RealNetworks Inc. also offers a secure format for "streaming" video content
online and can leverage MusicNet, its online music subscription venture with
AOL Time Warner and Bertelsmann AG.
Without major backers, DivXNetworks has turned to the power of the Internet,
posting the DivX source code online and encouraging programmers to retool and
improve it.
DivXNetworks hopes DivX will become so popular that Hollywood will decide to
make it the standard, in the same way that record labels have grudgingly
accepted MP3s as the way to deliver music.
But even if DivX becomes as popular as MP3, it faces other challenges.
For one thing, although Greenhall says security measures can be incorporated
into DivX, the code is already loose on the Internet, where unsecured
versions may prove devilishly difficult to tame.
Also, Microsoft claims DivXNetworks uses technology stolen from Windows
Media.
"It's our technology and they've essentially re-branded it," said Michael
Aldridge of Microsoft's Digital Media division. "It's like taking a
Volkswagen, taking the brand Volkswagen off the hood and putting DivX on it."
Greenhall denied that his company lifted Microsoft's code, saying the latest
version of the software was programmed from scratch.
The notion of piping movies on demand straight to desktops over high-speed
Internet connections stalled last month when video rental chain giant
Blockbuster Inc. canned a deal with Enron Broadband Services. Each company
blamed the other for a lack of commitment.
Robin Diedrich, an entertainment industry analyst with Edward Jones, said
eight to 10 years could pass before consumers have full catalogs of movies
online, particularly because most consumers still connect to the Net through
telephone wires.
Downloading a full-length DivX movie using phone wiring could take days,
compared with a few hours using high-speed T1 lines or cable modems.
Diedrich also said studios would be leery of anything that could reduce
revenues from theaters and video rentals.
Valenti said online versions will likely appear only after films are
delivered to theaters, airlines, home video and pay-per-view.
He also said the studios he represents haven't endorsed any particular file
format. They only urge that any movies delivered online be encoded with
enough security measures to prevent unauthorized copying.
But hackers aren't waiting. Both the DivX codec - techie shorthand for a
software program used to compress and decompress video and audio data - and
DeCSS software are freely available on the Internet.
The Hollywood trade group is fighting back, cruising through newsgroups, Web
sites and chat rooms for DivX movie traders.
Hemanshu Nigam, the MPAA's director of Internet enforcement, expects to send
20,000 cease-and-desist letters to people who illegally trade copyrighted
movies this year. That's 10 times the number sent out in 2000.
And that's just the people actively trading movies. Any number of people
could be building their own collections in secret, or trading DivX movies in
less public ways.
Daniel Lukis of Chicago uses the software to digitally store home movies and
some of his favorite "Seinfeld" episodes.
Keeping copies of sitcoms is legally permissible for personal home use, but
if Lukis decided to share those files online he would run the risk of
copyright infringement. He fears the pirates may hamper the development of
DivX as a legitimate software tool.
"Like with all new forms of technology, someone will devise a way to exploit
it," said Lukis, who moderates an online DivX discussion forum. "These people
give a bad name to DivX, as Napster did to MP3, and the honest users of the
formats are suffering because of that."
---
On the Net:
http://www.projectmayo.com
http://www.divxnetworks.com
http://www.fm4.org
http://www.mpaa.org

With AP Photos FX101,102 of April 4.

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

DPC should reduce high tariff rate, NCP chief Sharad Pawar

04/07/2001
Press Trust of India Limited
(c) 2001 PTI Ltd.

Mumbai, Apr 7 (PTI) Nationalist Congress Party (NCP) leader Sharad Pawar,
during whose tenure as Maharashtra Chief Minister, the Power Purchase
Agreement (PPA) with US-based Enron promoted Dabhol Power Company (DPC) was
worked out, has demanded "the energy major should reduce its high power
tariff charged to MSEB (Maharashtra State Electricity Board)".
"It is a fact that Maharashtra will not be able to bear the financial burden
on account of DPC's enormous bills when the PPA's second phase is
implemented", he told reporters here.
Pawar said there was a need of +a pragmatic approach+ to deal with the
controversial project and his impression being that the Federal govt was
willing to help the state government in finding a lasting solution to the
problem.
He also noted with concern that demand for industrialised power in
Maharashtra was reducing, thus indicating a decline in production.
Replying to a question, the NCP supremo informed that the high DPC tariff in
state did not figure in his breakfast meeting with the former US President
Bill Clinton.
(THROUGH ASIA PULSE) 07-04 2001

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

Mahashtra industrial output on a decline: Pawar
The Times of India News Service

04/07/2001
The Times of India
Copyright (C) 2001 The Times of India; Source: World Reporter (TM)

MUMBAI: Nationalist Congress Party president Sharad Pawar rang the alarm bell
here on Friday by stating that industrial production in Maharashtra was on
the decline. ``Consumption of power by the industrial sector has gone down
from 56 per cent to 32 per cent which indicates a decline in industrial
production," he told mediapersons.
He said during the past four years not a single new project with foreign
funding has been set up in Maharashtra even though there is a need to attract
fresh investment in the state. "It is an alarming signal,'' he warned.
His observations are quite candid considering the fact that his party is a
major constituent of the ruling Democratic Front government in the state and
has been in office for the past more than one year. Mr Pawar also expressed
his displeasure over the manner in which the Enron power project issue was
being handled by the parties concerned.
Mr Pawar stated this soon after a breakfast meeting with former US president
Bill Clinton. But, he emphasised that the Enron issue was not discussed with
Mr Clinton. He said talks with the ex-President centered around the
management of the post-quake situation in Gujarat.
Breaking his silence over the controversial issue of payment to Enron's
Dabhol Power Company by the Maharashtra State Electricity Board, Mr Pawar
said ," We have to wait and see what the Madhav Godbole committee has to
suggest in this regard.'' The state government has referred the issue to an
expert panel led by retired bureaucrat Madhav Godbole. Mr Pawar had approved
the first phase of the controversial power project. He said differences
between Enron, MSEB and the state government should be resolved amicably
through negotiations.
``The second phase of the Enron power project is not affordable. But we have
no option since the previous Shiv Sena-BJP alliance which talked of drowning
the entire project in the Arabian Sea entered into an agreement with Enron
and approved phase II also. Now, we have to ensure that Enron's burden on
consumers is minimal," Mr Pawar said.
" We should tell Enron that we cannot purchase power at such a high rate and
find out some solution. The Maharashtra state may not require power now but
the demand is certainly going to increase in future . Till then, the Enron
can sell power to the national grid and provide it to the regions where there
is shortage of power,", Mr Pawar said.
``I was under impression that the Union government is agreeable to this
proposal. But I read in the newspapers that the Centre is not going to foot
the bill for Enron power ,'' Mr Pawar added.
"I was under the impression that correspondence between a chief minister and
the Prime Minister of the country is a confidential document. But I read (in
the newspapers) about what the Maharashtra chief minister has written in his
letter to the Prime Minister regarding the Enron controversy", he said.
" There is talk of a commission of inquiry being set up. The commission of
inquiry may take two years to complete its task and finalise its
recommendations. But what about the monthly bills being submitted by Enron to
MSEB? I think the need is to adopt a pragmatic approach and solve the
problem,", Mr Pawar said.
The Godbole committee has finalised its recommendation and the committee is
scheduled to submits its anxiously awaited report to the state government by
April 10.
Asked whether he had given any advice to the state government since his party
is a part of the ruling coalition, Mr Pawar said," I have not given any
advice to anyone. I do not give advice unless it is sought. And so far no one
has asked for my advice."

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

Business/Financial Desk; Section C
COMPANY NEWS
ENRON IS PLANNING TO ELIMINATE ABOUT 250 JOBS
Reuters

04/07/2001
The New York Times
Page 3, Column 1
c. 2001 New York Times Company

The Enron Corporation, the energy trading company, said yesterday that it
would eliminate about 250, or 20 percent, of the jobs at its broadband
telecommunications unit. An Enron Broadband Services spokeswoman, Kelly
Kimberly, said the company was cutting jobs at the unit, which now employs
1,150 people, because it had completed its 18,000-mile fiber optic network
and because of slow demand for streaming media products delivered to personal
computers.

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

Business; Financial Desk
THE CALIFORNIA ENERGY CRISIS Pacific Gas' Filing Hits Other Stocks Wall St.:
Fear of exposure to the utility has investors reacting negatively to the
shares of its major lenders, power suppliers and bond insurers.
JAMES F. PELTZ
TIMES STAFF WRITER

04/07/2001
Los Angeles Times
Home Edition
C-1
Copyright 2001 / The Times Mirror Company

Pacific Gas & Electric Co.'s bankruptcy filing sparked a sell-off in stocks
of the utility's major lenders, power suppliers and bond insurers Friday, as
investors feared that the companies' earnings would be hurt by the
reorganization and that Southern California Edison might take the same route.
Shares of the utilities' own parent companies, PG&E Corp. and Edison
International, respectively, also were hammered, even though PG&E and its
other subsidiaries did not join Pacific Gas & Electric in filing under
Chapter 11 of the U.S. bankruptcy laws.
PG&E plunged $4.18, or 37%, to $7.20 a share, and Edison tumbled $4.39, or
35%, to $8.25 a share, both on the New York Stock Exchange. Sempra Energy,
California's other major investor-owned utility, was off $1.85 to $22.30,
also on the NYSE.
Under Chapter 11, Pacific Gas & Electric will keep operating, but its
existing debts are frozen while the company works out a plan to pay its
creditors. However, financial overhauls under Chapter 11 often result in
creditors getting less than full payment.
"There's a fear they will not be paid what they're owed up to this point,"
said Linda Byus, who follows power-generating companies for the investment
firm Dresdner Kleinwort Wasserstein in Chicago. "There is the possibility
they won't get 100 cents on the dollar."
Robert Glynn Jr., chairman of San Francisco-based PG&E and Pacific Gas &
Electric, said Friday that "our goal is to pay all our bills in full" under
the reorganization. The presence of a U.S. bankruptcy judge should help
finalize what have been unproductive negotiations between the utilities,
state regulators and the companies' creditors, he added.
But Wall Street was skeptical as investors pounded most of the stocks of
Pacific Gas & Electric's bank lenders, bond insurers and power suppliers.
Bank of America fell $2.26 to $49.59 a share, and J.P. Morgan Chase lost
$2.11 to $40.39, Bank of New York--the utility's biggest creditor with $2.21
billion in outstanding loans--fell 96 cents to $48.34, and Bank One skidded
$1.29 to $33.61 a share, all on the NYSE.
"The stocks sold off in part due to the concerns of possible losses stemming
from the bankruptcy filing," said Joe Morford, a bank analyst with brokerage
firm Dain Rauscher Wessels in Minneapolis. "There could eventually be a hit
to their earnings."
Power generators supplying electricity to California also saw their stocks
fall sharply. They included Duke Energy Corp., which lost $2.30 to $40.10 a
share; Enron Corp, down $2.20 to $53.50; Dynegy Inc., off $3.42 to $47.50;
and Calpine Corp., down $3.66 to $47 a share, all on the NYSE. But AES Corp.
bucked the trend and rose 97 cents to $43.97 on the NYSE.
Stocks of companies that provide bond insurance for certain of the utilities'
credit investors also were hit hard. MBIA Inc. plummeted $7.69 to $75.10 a
share on the NYSE, even though the company said, "MBIA-insured bondholders
will receive all their principal and interest payments as scheduled." The
company said its insurance exposure covers about $590 million of Pacific Gas
& Electric bonds.
Another insurer, Ambac Financial Group Inc., dropped $2.98 to $59.97 a share
on the NYSE. The company said it's guaranteed $68.7 million of the utility's
first mortgage bonds, which are secured by collateral.
Although there's a risk that all of these companies with exposure to Pacific
Gas & Electric could suffer some financial damage, Wall Street might have
overreacted to the threat Friday, analysts said.
Take the big banks, for instance. "In the grand scheme of things, their
exposure is not that big relative to the size of their overall loan
portfolios," said Morford of Dain Rauscher.
In the short run, the banks "are likely to record these [debts] as
nonperforming assets and their problem-loan numbers will rise," but those
sums would not immediately be subtracted from the banks' profits, he added.
It's also possible that a plan to repay the banks in full could be worked out
in Bankruptcy Court before they have to write off the debts, he said.
Also, several of the power generators already have set aside cash reserves in
case Pacific Gas & Electric and Southern California Edison couldn't pay for
power they had already purchased, noted Byus of Dresdner Kleinwort.
Still, "there is the risk that the reserves are not sufficient" to cover the
utilities' shortfalls, she said. "We will have to see in the companies'
first-quarter results."
One company that hasn't set aside reserves yet is Calpine, a San Jose-based
power generator that's among Pacific Gas & Electric's largest unsecured
creditors. Calpine has yet to be paid for nearly $300 million worth of power
it has sold to Pacific Gas & Electric, said Calpine spokesman Bill
Highlander.
Calpine hasn't created a reserve yet because "we remain confident that PG&E
will pay us the full amount" owed to the company, he said. And the
debt-rating agency Standard & Poor's said Friday that the filing shouldn't
impact Calpine's own credit ratings, because Calpine has several projects
outside of California and $589 million in cash.
*
* POWER CRISIS
California's largest utility, Pacific Gas & Electric, filed for bankruptcy.
A1 . . . The effect is unknown, but the potential damage to suppliers and
bond raters, among others, could hurt the state. A1
(BEGIN TEXT OF INFOBOX / INFOGRAPHIC)
Energy Fallout
Stocks of banks, power generators and bond insurers with exposure to Pacific
Gas & Electric fell sharply after the giant utility filed for bankruptcy
protection. Shares of PG&E, the utility's parent company, also fell Friday,
as did the stocks of California's two other major investor-owned utility
holding companies-- Sempra Energy and Edison International. But some analysts
said Wall Street might have overreacted to the financial threat faced by the
companies.
PG&E
PG&E Weekly closes for PG&E (ticker: PCG) on NYSE
Friday: $7.20, down $4.18
Edison International
Weekly closes for Edison (ticker: EIX) on NYSE
Friday: $8.25, down $4.39
Sempra Energy
Weekly closes for Sempra (ticker: SRE) on NYSE
Friday: $22.30, down $1.85
Related companies
Friday Point %
Company close change change
UnionBanCal $26.50 --2.74 --9.4%
MBIA 75.10 --7.69 --9.3
Calpine 47.00 --3.66 --7.2
Dynegy 47.50 --3.42 --6.7
Duke Energy 40.10 --2.30 --5.4
J.P. Morgan Chase 40.39 --2.11 --5.0
Ambac Financial 59.97 --2.98 --4.7
Bank of America 49.59 --2.26 --4.4
Reliant Energy 43.55 --1.80 --4.0
Enron 53.50 --2.20 --4.0

Source: Bloomberg News

GRAPHIC: Energy Fallout, Los Angeles Times;

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

Report on Business Column
TO THE POINT
The convergence revolution can wait, but can investors?
ERIC REGULY

04/07/2001
The Globe and Mail
Metro
B6
"All material Copyright (c) Bell Globemedia Publishing Inc. and its
licensors. All rights reserved."

Convergence, Take 1: In an interview in New York, BCE boss Jean Monty seems
to express doubt that he is happy with the pace of and the reaction to the
group's "convergence" strategy, the melding of content and distribution into
a fabulous array of new profit-spewing services. "We know now that it will
take years to run its course," he is quoted as saying in a Financial Times
article. The story says BCE might break itself up in two years if the
strategy comes up short.
Convergence, Take 2: At a convergence conference in Toronto the day after the
newspaper articles appeared, Mr. Monty, while not denying the accuracy of his
quotations, says BCE is not backtracking on convergence. "We are determined
to deliver on our convergence strategy," he says. "No one should doubt our
conviction that we are on the right path."
Confused? Don't be. Mr. Monty's behaviour -- tentative one day, confident the
next -- is typical of the players in the formerly brave new world of
convergence. It is possible to be both cynic and visionary at the same time.
Something will come from convergence but no one knows what -- or when.
Billions will be lost before billions will be made. Investors beware.
The convergence strategy is stumbling in some cases at the same time as
dot-coms vanish in droves and e-commerce strategies are rolled back or
cancelled.
Even the bricks-and-clicks strategy, the one convergence model with legs, is
ailing. A few weeks ago, Blockbuster Video and Enron, an energy company with
a vast broadband delivery network, killed their partnership. The plan was to
use Enron's network to deliver movies, music and other services to millions
of customers. A year after the venture started, there were only 800
customers. Each side blamed the other. Enron's network wasn't up to the job;
Blockbuster's on-line movie library was too thin. Take your pick.
It is far too early to say that convergence is failing, but the early
go-around has certainly not been encouraging. The Old Economy boosters say
convergence is dead because it can't make a profit, and businesses exist only
to make profits. The New Economy boosters, among them Future Shock authors
Alvin and Heidi Toffler, say give it time. The Industrial Revolution killed
unimaginable numbers of new business models, destroying livelihoods across
Europe. Then, after all the upheaval, the greatest wealth generation machine
in history was created. The same, they believe, will happen as the digital
revolution takes hold.
But that's some time in the future. What about now? It's hard to generalize,
but it's beginning to look like convergence will win or lose on a relatively
small case-by-case basis. BCE appears to have all the right convergence
components -- a big telecommunications network (Bell Canada), a Web portal
(Sympatico-Lycos), a broadcaster (CTV), a newspaper (The Globe and Mail) and
popular financial Web sites, including globeinvestor.com.
On the editorial side, convergence so far means getting Globe reporters to
stand in front of television cameras, which might be a logical first step but
who knows where it may lead.
While BCE has been at it for a few months, it's going to have to show some
results fast.
Royal Bank and AOL Canada,which is 20 per cent owned by the bank, seem to
have had early success in their convergence experiment, which began in 1999.
Then, Royal had 350,000 on-line customers; today the number is 1.5 million
and rising. The Royal and AOL Canada sites promote each other. AOL users can
flip over to Royal's on-line banking and brokerage services. More on-line
customers translate into savings because it means fewer employees are needed
in the bank's call centres.
The longer-range plan is to make AOL and Royal full-fledged e-commerce
partners. AOL will deliver the customers, Royal the end-to-end payments
systems for anything the customers want. If it works, Royal, the
bricks-and-mortar bank, will have converged with an on-line network. Since
AOL now includes the Time Warner publishing empire, Royal, through AOL
Canada, will be on the receiving end of a steady supply of new services and
content developed south of the border.
Mr. Monty is right. It is far too early to judge whether convergence, or at
least BCE's notion of convergence, is working. There may be no material
results for a couple of years, if ever. But revolutions take time. BCE has
all the right parts. What it needs, and may not get, is patient managers and
investors.

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

HOUSTON
Hits of the Week
Hits of the Week
Staff

04/07/2001
Houston Chronicle
2 STAR
2
(Copyright 2001)

Earthy pleasures
More than 35,000 Houstonians are expected to show their appreciation for
their planet and good music today when 104 KRBE radio and Enron present the
fifth annual Earth Day Festival at Eleanor Tinsley Park on Buffalo Bayou near
downtown.
Benefiting the Houston Parks and Recreation Department and the Citizens'
Environmental Coalition, the festival is billed as the Southwest's largest
Earth Day event.
This year's musical lineup features Vertical Horizon and Collective Soul;
contemporary R&B artists Wyclef Jean and Mya; the Canadian pop group
soulDecision; and the Europop sensation ATC.
More than 40 environmental organizations will set up shop in the festival's
activity zones, where visitors will find environmentally friendly interactive
booths; a 40-foot inflatable slide; moonwalks; carnival games; a rock wall; a
flight simulator; face-painting; and an inflatable obstacle course.
10 a.m.-7 p.m. today at Eleanor Tinsley Park between Allen Parkway and
Memorial Drive. Free parking will be available in the Enron parking garage,
1400 Smith, with a free Metro shuttle service to and from the festival site.
Tickets are $20 (cash only), with a $5 discount for 104 Card holders.
Children ages 10 and younger will be admitted free with a paying adult (one
child per adult). Call 713- 266-1000.

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

LOCAL
ENRON ASKS POMPANO TO PUT OFF PLANT VOTE FOES CALL REQUEST A TACTIC TO STOP
RALLY BY PROTESTERS
DAVID FLESHLER Staff Writer

04/07/2001
South Florida Sun-Sentinel
Broward Metro
1B
(Copyright 2001 by the Sun-Sentinel)

Facing massive opposition to its power plant proposal, Enron Corp. has
requested a one-month delay on next week's vote by the Pompano Beach City
Commission.
The commission is scheduled to vote Tuesday on whether to rezone 28 acres
east of Florida's Turnpike for the 510-megawatt plant. But Enron's attorney
sent a letter to the city on Friday asking for a postponement until May 8,
stating the company wanted first to obtain its air quality permit from the
state Department of Environmental Protection.
Opponents are furious. They see the request as a stalling tactic by a company
that fears it's headed for a loss next week. And they said Enron is trying to
wreck their plans to hold a protest rally and to pack the commission chamber
with opponents.
"We have buses ordered. We have hundreds of people that are going to be
there," said Larry Lemelbaum, president of the Township Community Master
Association in Coconut Creek, which would be downwind from the plant's
80-foot stacks. "I think this is totally, totally unconscionable. This was
going to be a big rally. Now we'll have to get in touch with everybody and
try to cancel it. I just hope the commission doesn't go along with it. "
Many residents of his neighborhood will travel north for the summer, and
wouldn't be able to attend the commission meeting in May, he said.
"After Passover, everybody goes up north," he said. "Half the people will go
home by then. That's why they're postponing it."
Nonsense, said Eric Thode, the company's spokesman. The company isn't trying
to thwart the opposition. And it remains "cautiously optimistic" about
winning approval from the five-member commission. The request for the delay
is simply to allow the company time to obtain the air quality permit, which
it always prefers to have in hand before going before a city or county
commission, he said.
"We were ready, willing and able to go before the commission on Tuesday
night," he said. "Our request for the continuance is because the surrounding
cities have delayed the issuance of the air permit."
The state has already announced a preliminary decision to issue the permit,
having determined that the plant would not harm the region's air quality.
State officials took public comments on its plans two weeks ago, at a meeting
that drew more than 500 people. The final decision has been delayed because
several cities west of the site, which oppose the project, have requested
time to prepare petitions requesting an administrative hearing.
If an administrative hearing is granted, however, it would be much more than
a month before the company receives a permit, said Al Linero, the DEP
administrator reviewing the permit application. It could take six months or
more, he said.
The City Commission vote may be close. Two commissioners are likely to vote
against it, and the other three are keeping quiet about their views.
The decision on whether to postpone the vote is up to the City Commission.
The commission had originally scheduled an emergency meeting Friday afternoon
to consider Enron's request. But the meeting was postponed until Monday at 9
a.m. to make sure there would be sufficient notice to all sides.
Opposition to the plant has been mounting since the proposal became public
last November. Hundreds of people have attended hearings to protest the
plans. Margate, Coconut Creek and other cities have adopted resolutions in
opposition.
The power plant is one of three proposed for northern Broward County. The
other two, one of which is also an Enron project, would go along the Turnpike
in Deerfield Beach. The Deerfield projects are further behind in the approval
process.
Despite their irritation at the prospect of calling hundreds of people to
cancel the rally, opponents took the company's latest move as a sign that the
project was in trouble.
"I sense that Enron thinks they're going to lose this thing," said George
Cavros, a Sierra Club activist who has rallied the opposition. "There's no
reason for this other than the fact they think they're going to lose."
David Fleshler can be reached at dfleshler@sun-sentinel.com or 954- 356-4535.

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

BUSINESS
PG&E BANKRUPTCY TO BE COSTLY LONG, SERPENTINE PROCESS AHEAD FOR UTILITY;
INVESTOR UNLIKELY TO SEE RETURNS ON INVESTMENTS ANYTIME SOON
MARY FRICKER THE PRESS DEMOCRAT

04/07/2001
The Press Democrat Santa Rosa, CA
CITY
E1
(Copyright 2001)

The Pacific Gas & Electric Co. bankruptcy will have a profound and lasting
impact on the utility and its shareholders, costing millions of dollars and
likely taking years to resolve, experts said Friday.
"Every company that files bankruptcy tries to spin it in a positive way ...
but it's very expensive and very complicated. It's the last resort," said
Santa Rosa bankruptcy attorney Douglas Provencher.
While the daily business of PG&E will continue, the company has given up
control of its future in many ways, in exchange for protection from creditors
while it reorganizes.
Its executives will have to spend much of their time managing a bankruptcy
case instead of a utility. The company will have to divulge private
information to creditors. It will have to ask the court's permission for a
variety of activities outside the normal course of business, like selling
assets. It will have to pay for its own bankruptcy lawyers, creditors'
committee lawyers, accountants and more.
"I can't even imagine the cost. It'll be millions of dollars," Provencher
said.
At the same time, the shareholders of its parent company, PG&E Corp., now
have little hope of seeing a return on their investment anytime soon -- even
though Glynn said Friday that PG&E expects shareholders to view the
bankruptcy filing more positively, as an action that stops the financial
slide.
"The bottom line for the shareholders is that the stock isn't going to get
anywhere near its previous highs for a long time, in our view," said Brian
Youngberg, senior utility analyst with Edward Jones brokerage in St. Louis,
Mo.
The stock's most recent high was $31.81 in September. It closed Friday at
$7.20, down $4.18 on the New York Stock Exchange, after trading was halted
for several hours because of the bankruptcy filing.
Still, moving into the bankrupcty court arena has benefits, and PG&E
executives decided those benefits outweighed the uncertainty and the
ballooning deficits they otherwise faced.
"The issue for PG&E Company is to get costs and revenues brought into line,"
chairman Robert D. Glynn Jr. said Friday. "The political process has been
able to negotiate but not close the deal. We think the federal bankruptcy
court will be a better venue to be able to close the deal."
Daniel Bussel, a bankruptcy specialist at UCLA Law School and author of a
widely used textbook on bankruptcy law, said the bankruptcy court provides a
structure and a set of rules that can help the warring parties reach
agreement.
"I don't think it's the end of the world that they're in bankruptcy. It just
means the negotiations will take place under the bankruptcy court," Bussel
said. "It may well be the first step to the solution."
"There's a structure and a focus, and everyone knows what the rules are,"
Bussel said.
The core decisions that must be made are to find ways for PG&E to pay the $9
billion shortfall it says it has accumulated since June - when wholesale
electricity costs soared and PG&E began having to pay more for electricity
than it is permitted to charge its customers -- while still supplying energy
to its customers in Northern and Central California.
PG&E has been negotiating with state officials for months trying to find a
solution to the crisis, but chairman Glynn said Friday it has given up hope
of success.
"The bankruptcy code provides a mechanism that can get people, hopefully, to
coalesce around a plan," Bussel said. "It also has mechanisms to try to keep
different constituencies in line, to the extent that their demands are
undermining the ability of the company to successfully reorganize."
The different constituencies in this case include the utility, its creditors,
state regulators, state legislators, federal regulators, ratepayers and
taxpayers.
All will be represented in negotiations, under the oversight of U.S.
Bankruptcy Judge Dennis Montali.
"There is going to be a huge jurisdictional battle between PG&E, the feds,
the state, and the PUC," Bussel said. "(The judge) will certainly be making
his reputation on this case. We'll see how he handles it."
Asked if he thought the bankruptcy judge would order PG&E to raise its rates
more than permitted by the PUC, PG&E chairman Glynn said Friday "the
bankruptcy court and the PUC will probably have some very interesting
conversations on that subject."
The filing eliminates any doubts among creditors that PG&E is in dire
financial straits, and it could give them an incentive to negotiate
settlements.
The largest creditors listed in the PG&E filing Friday are Bank of New York,
owed $2.2 billion, the California Power Exchange, owed $2 billion, Bankers
Trust Co., $1.3 billion, and the state Independent System Operator, $1.1
billion.
The leading power producer represented on the list of PG&E's top 20 creditors
is Calpine Corp., a San Jose power generator and owner of most of The
Geysers.
Calpine officials said Friday they are confident PG&E will pay all of its
bills, as it vowed to do Friday.
Calpine particularly believes it will get the $267 million it is owed because
the debt represents long-term contracts from The Geysers and other
alternative energy sources that are cheaper than the wholesale market today,
spokesman Bill Highlander said.
Other power producers at the top of the list are El Paso Merchant Energy Gas,
$40 million, BP Energy Co, $30 million, Enron Canada Corp., $28 million,
Chevron USA Production, $25 million.
A peculiarity in bankruptcy law will make it easier for PG&E to buy energy
and find financing now that it's in bankruptcy. That's because the judge must
approve and will require repayment.
"Now that they've entered bankruptcy, the legal process says that going
forward they have to pay any current bills they have to incur. So we will
continue performing on our contracts and actually being paid going forth,"
Highlander said.
This is not the first time a utility has filed bankruptcy. Two well-known
cases involved Public Service Co. of New Hampshire, in 1988, and El Paso
Electric in 1992.
The two cases may give clues as to what lies ahead for PG&E.
The New Hampshire case took two years to resolve, the El Paso case took four
years.
Jurisdictional issues among state and federal regulators and legislators were
resolved by compromise.
The New Hampshire case was resolved when the company was acquired out of
bankruptcy by another utility company. In the El Paso case, the company
reorganized and now operates outside bankruptcy-court protection.
El Paso didn't pay a dividend or see price appreciation in its stock from
1989 to 1996. Information on New Hampshire stockholders was not available
Friday.
PG&E suspended its common stock dividend this year.
"Bankruptcy has a lot of uncertainty ... and common shareholders are last in
line to get the cash. We think long term it's an inappropriate investment for
individuals," analyst Youngberg said.
The Associated Press contributed to this story.
You can reach staff writer Mary Fricker at 521-5241 or e-mail at
mfricker@pressdemocrat.com

CHART: b&w by The Press Democrat: PG&E stock price

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

BUSINESS
PG&E Creditors Are Lining Up / BofA, local generators owed billions by utility
Christian Berthelsen, Sam Zuckerman
Chronicle Staff Writers

04/07/2001
The San Francisco Chronicle
FINAL
D.1
(Copyright 2001)

A look at PG&E's creditors shows just how widely the ailing utility's
tentacles reached into the U.S. economy.
Virtually every sector of the institutional and investor public is exposed to
its troubles. Pension funds, insurance companies, banks, energy concerns and
government agencies are all said to be among those who extended their
products and services to the utility, hoping for a return on their investment.
That return was put in question yesterday when PG&E Corp.'s regulated utility
subsidiary filed for bankruptcy protection.
In its filing, PG&E said it had secured debt -- the kind that entitles
creditors to the assets of the company if things go wrong -- of slightly more
than $3 billion dollars. But it listed unsecured debt, which is not backed by
assets, of nearly $6 billion. That unsecured money is the kind that is much
harder to fully recover.
Chief among the creditors were holders of more than $2.2 billion in
medium-term, senior and floating-rate notes. Though the official creditor on
that debt was said to be the Bank of New York, bank officials said yesterday
that they are merely a fiduciary trustee and not the actual lenders.
A source, who would only speak on condition of anonymity and would not
identify specific note holders, said they were spread among an assortment of
pension funds, insurance companies, hedge funds and banks. The same was the
case for Bankers Trust Co., listed as an unsecured creditor to the tune of
$1.3 billion, and U.S. Bank, with a debt listing of $310 million.
"A large number of institutional investors chose to invest on optimism rather
than arithmetic," said Jon Kyle Cartwright, a senior energy analyst with
Raymond James Financial in St. Petersburg, Fla. "I have no idea what (PG&E's)
assets are worth. What is the value of assets of a company that is legally
mandated to lose money on every kilowatt hour it sells?"
Investors are already punishing the stocks of companies who were exposed to
PG&E's liability, and rising prices are sure to compound the problem.
MBIA, a loan insurer backing more than $500 million in PG&E bonds, was
punished by investors yesterday, who sent shares down $7.69, or more than 9
percent, to close at $75.10.
Many of the lenders remained stoic yesterday in the face of PG&E's
disclosure. But it may take some time before the fallout becomes tangible.
"We regret that the collective actions to mitigate Pacific Gas & Electric's
financial crisis were unsuccessful," Duke Energy, a power generator, said in
a prepared statement. "However, the Chapter 11 filing provides a defined
process to collect our past receivables and keep PG&E in business going
forward."
Bank of America helped underwrite a syndicated loan of $938 million to PG&E.
The bank declined to say what portion of the loan it held or what percentage
of its corporate lending portfolio it comprised. The bank issued a statement
saying it was disappointed to learn of the filing but would be able to
withstand some loss because it has $50 billion in reserves. BofA shares
dropped $2.26 yesterday, or more than 4 percent, to end at $49.59.
Other lenders knew better than to get involved with PG&E in the first place.
John Moorlach, the treasurer of Orange County, said he avoided Pacific Gas &
Electric Co., instead holding $20 million in debt securities issued by Edison
International, the parent company of Southern California Edison.
"I was worried about PG&E," Moorlach said.
Another major sector of PG&E creditors are the power companies that have
profited enormously in the state's energy crisis. The utility's debts to the
California Power Exchange (PX) and the California Independent System
Operator, which in this context are essentially billing agents for the
merchant power concerns, total more than $3 billion.
E. Jesus Arredondo, a spokesman for the PX, which itself declared bankruptcy
last month, said Duke Energy Inc. and Reliant Energy Inc. were among the
largest exposed creditors whose debt was attributed to the PX, with as much
as $300 million and $400 million in unreimbursed power purchases. A Duke
spokesman would say only that the Charlotte, N.C., firm reported more than
$400 million in accounts receivable in January but would not elaborate on how
much of that is owed by PG&E.
Separately, PG&E listed debts of about $121 million to three subsidiaries of
Calpine Corp. of San Jose, $28 million to a subsidiary of Enron and about $90
million to Chevron, El Paso and BP Energy Services for gas and power
purchases.
Even municipal utilities, which had long taken a sort of churlish pride in
the fact that they were immune from rate shocks because of publicly produced
power, will take the hit.
Los Angeles, which was said to have spent $130 million of its own money
generating electricity to sell to PG&E and Southern California Edison, may be
out more than $100 million for power it provided. The city's Department of
Water and Power may have to raise its own rates to cover that outlay.

PG&E's Top 20 CreditorsCompany Amt. owed(x)Bank of New York $2,210California
Power Exchange 1,970Bankers Trust Co. 1,300Calif. Independent System Operator
1,130Bank of America 938.46U.S. Bank, Corporate Trust Services 310.00Calpine
Gilroy Cogeneration LP 57.93Calpine Greenleaf Inc. 49.45Crocket Cogeneration
48.40Calpine King City Cogeneration LLC 45.71El Paso Merchant Energy Gas LP
40.15GMF Power Systems LP 40.12Geysers Power Co. LLC 32.87BP Energy Co.
29.52Enron Canada Corp. 28.21Chevron U.S.A. Production Co. 24.72Sempra Energy
Trading Corp. 23.85Calpine Pittsburg Power Plant 21.58Wheelabrator Shasta
Energy Co. Inc. 21.51Sierra Pacific Industries 19.89 (x)In millions of
dollars Source: U.S. Bankruptcy Court, Northern District of California

GRAPHIC, CHART: SEE END OF TEXT

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

Enron to Cut 20% of Workforce at Broadband Unit, Reuters Says
2001-04-07 17:10 (New York)

     Houston, April 7 (Bloomberg) -- Enron Corp. will cut 250
jobs, or 20 percent of the workforce at its broadband
telecommunications unit, Reuters reported yesterday, citing
spokeswoman Kelly Kimberly.
     Kimberly said Enron is cutting jobs because it completed its
18,000-mile fiber-optic network and demand has been less than
expected for its streaming media products delivered to personal
computers, Reuters said.
     Affected employees will be eligible for other positions at
Enron Broadband Services or other units, though some people may be
fired, she told Reuters. Houston-based Enron is the biggest energy
trader.

Maharashtra Won't Make Payment to Enron Venture, Paper Says
2001-04-07 01:30 (New York)

     Mumbai, April 7 (Bloomberg) -- India's Maharashtra state
government decided not to pay a 1.1 billion rupee ($23.83 million)
bill from an Enron Corp. venture for January electricity charges,
the Business Standard reported, citing an unnamed government
official.
     The government will tomorrow write to the venture, Dabhol
Power Co., that it does not intend to honor its guarantee for the
Maharashtra State Electricity Board, the report said, quoting the
official.
     The state utility became unable to pay for power it ordered
after Dabhol Power raised its rates to reflect soaring oil prices.
Prices of naphtha, the fuel made from crude oil that fires
Dabhol's plant, have more than doubled in two years.
     Dabhol Power is in arbitration over the federal government's
refusal to pay a guarantee of 1.02 billion rupees toward
electricity charges for December.


"You cannot be dependent upon your eyes when your imagination is out of focus." - Mark Twain

Watch the Enron Building lobby on Wednesday, April 25th, from 11:30am to 1:00pm for information on some of
Enron's new innovative businesses.  You'll have the opportunity to meet various business representatives and discuss
their products and services from the creative minds of our employees.  Watch for Vince Kaminski
who will be present during this exciting exchange of information.

Featuring:
Deal Bench, enron.credit.com, Weather Risk Management, Enron Trading Game and Xcelerator

Word of the Day
cerebration \ser-uh-BRAY-shun\, noun:
The act or product of thinking; the use of the power of reason; mental activity; thought.


THURSDAY, APRIL 19, 2001

Three special events sponsored by the Energy and Resources Group at UC
Berkeley

THE ENERGY AND RESOURCES GROUP
UNIVERSITY OF CALIFORNIA, BERKELEY

ENERGY FORUM, 3-5PM

"Re-De-Regulation: Planning, Learning, Blundering and the Future of
Electricity in California"
a panel discussion with

Dr. Severin Borenstein, Professor of Business Administration, Director of
the U.C. Energy Institute and a member of the governing board of the
California Power Exchange.

Matthew Freedman, Staff Attorney, The Utility Reform Network (TURN).

Juona Jonas, General Manager, Alameda Power and Telecom, City of Alameda,
Former President of Utility.com, Former Vice President of Electric and Gas
Supply (PG&E), Former Board Member, California Power Exchange.

Dr. Anjali Sheffrin, Director, Market Analysis at California Independent
System Operator (CAISO), Former Manager of the Power Systems Planning and
Evaluation Department at the Sacramento Municipal Utility District.

Moderator: Dr. Richard Norgaard, holds a joint professorship in the Energy
and Resources Group and the Department of Agriculture and Resource
Economics.

for further information: 510-642-1640 * http://socrates.berkeley.edu/erg

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

9th ANNUAL LECTURE ON ENERGY AND THE ENVIRONMENT, 6PM

"Easing California's Electricity Shortage with Buildings that Respond to
Real Time Prices"
Arthur H. Rosenfeld, Ph.D. , State of California Energy Commissioner

Currently, California utilities must buy their marginal electricity from
merchant power plants at prices that range from 10 c/kWh on a cool summer
morning to $1.00/kWh on a hot, stressed afternoon. Yet "retail" rates,
frozen since 1988, require them to re-sell to customers at 13c/kWh, all
afternoon, independent of scarcity.

On a hot day, California peak demand is ~50 GW, of which 29% is for a/c
(air conditioning) and 11% is for lighting in commercial buildings. This
summer supply may fall short by 2-5 GW (4-10%). If commercial customers see
an incentive to curtail their use (via real-time prices and real-time
rewards) they can set up their thermostats by 4 deg. F and dim their lights
to 1/2 (almost nobody notices) for a total ("no sweat") saving of 15%.

Buildings use 2/3 of all electricity. Dr. Rosenfeld will discuss short- and
long-term strategies to make them more efficient and price responsive, and
some other topics covered in a recent Wall Street Journal story at
http://www.energy.ca.gov/commission/rosenfeld.html

Thursday, April 19, 2001 * Forum 3-5 PM * Lecture 6 PM * Sibley Auditorium,
Bechtel Engineering Center
Free and open to the public * Limited first-come seating * Information

for further information: 510-642-1640 * http://socrates.berkeley.edu/erg

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

2nd ANNUAL HAAS EARTH DAY LECTURE ON BUSINESS AND ENVIRONMENT
12:45-2PM

Amory Lovins, Rocky Mountain Institute
"Natural Capitalism: The Next Industrial Revolution"

12:45-2:00 PM * Cheit Hall 230 * Haas School of Business
contact Eric Strand (strand@haas.berkeley.edu) for further information
regarding this lecture
__________________________________________________________________

for campus map and parking information:
http://www.berkeley.edu/visitors/parking.html


Wednesday, November 21, 2001    Energy Central Job Center   [IMAGE]   MORE EVENTS  - ADD NEW EVENT  - ADVERTISE  - FREE SYNDICATION      [IMAGE]  [IMAGE]      [IMAGE]   IN THIS ISSUE       [IMAGE]   [IMAGE]      [IMAGE]       New Listings   Featured Listings        Next Two Weeks   More Information         Look for events labeled "Register Online!" and REGISTER INSTANTLY. "Special Offer!" means a special discounted price for Energy Central Members!     Do you have a colleague that could benefit from the Conference Watch?  If so, please feel free to forward your copy in its entirety.    Water Resources Symposium 2001       Don't miss the Water Resources Symposium 2001, Dec. 10 in Houston, TX - a premier event for water marketing and water resources development. Top industry leaders from the power, water, and financial sectors will help you wade into water marketing with economic, legal, and technical insight on water development and trading opportunities. 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---------------------- Forwarded by Darron C Giron/HOU/ECT on 06/08/2000
08:35 AM ---------------------------

"Sean Mayers" <smmayers@earthlink.net> on 06/07/2000 11:53:31 PM
To: "Smetana, Scott" <ssmetana@kumc.edu>, "Moon, Chad" <moonlaunch@aol.com>,
"Hiatt, Drew" <jhiatt@kumc.edu>, "Giron, Darron" <dgiron@enron.com>
cc:
Subject: Fw: Priceless Series .........

----- Original Message -----
From: "corb krmarek" <mtboxer@hotmail.com>
To: <jamesm02@hotmail.com>; <andalee@hotmail.com>; <kthomps@hotmail.com>;
<IYQall21@aol.com>; <tupu77@yahoo.com>; <frodo104@hotmail.com>;
<lucanose@hotmail.com>; <grambocat@hotmail.com>; <mlrust3@yahoo.com>;
<mattymt@yahoo.com>; <mjdubois@msn.com>; <smoothysmoothy@hotmail.com>;
<nschmoll@hotmail.com>; <msierra@u.washington.edu>; <extrasuds@yahoo.com>
Sent: Wednesday, May 24, 2000 2:00 PM
Subject: Fwd: Priceless Series .........

>
>
>
> >From: "TREVOR LIVESAY" <tlivesay@hotmail.com>
> >To: CJS2830@HOTMAIL.COM, MTBOXER@HOTMAIL.COM, DCDRIVIN@AOL.COM,
> >KATIENEWMACK@HOTMAIL.COM, BCOCHRAN_2000@YAHOO.COM, ANP@DIGISYS.NET,
> >MTMATT@MSN.COM, JASONNEWMACK@HOTMAIL.COM, LOVON@MSN.COM,
KORNICK@SOFAST.NET
> >Subject: Priceless Series .........
> >Date: Tue, 23 May 2000 16:37:11 PDT
> >
> >
> >
> >
>
> ________________________________________________________________________
> Get Your Private, Free E-mail from MSN Hotmail at http://www.hotmail.com
>

 - Pricelessbeaver.jpg
 - 1priceless.jpg
 - priceless3.jpg
 - PricelessPants.jpg
 - Priceless2.jpg
 - pricelessrevenge.jpg
 - pricelessBJ.jpg


----- Original Message -----
From: Jim Wood <sevenbridgescollectibles@yahoo.com>
To: <chancewood@hotmail.com>; <lebrown76@hotmail.com>;
<baroncwood@hotmail.com>; <jmjaked@mindspring.com>
Sent: Sunday, December 30, 2001 9:18 PM
Subject: Read This! You May Have a Virus. (Jim)

> Read down to the original email message.
>
> None of you are in my address book for this email
> account, but I had the virus so I thought I'd warn
> you.  I deleted the file like the email said.  If you
> find it please do the same.
>
> Jim
> --- Patrick <ricoc@mediaone.net> wrote:
> > From: "Patrick" <ricoc@mediaone.net>
> > To: "Wingsports" <wingsportskr@yahoo.co.kr>,
> > <TOBBENJIE@aol.com>,
> >    <TAMIZSHOPN@aol.com>, <spressodc@bigplanet.com>,
> > <service@ssb.m0.net>,
> >    "sage1" <sage1@worker.com>, <RebaB30@aol.com>,
> > <RdNckHntr76@aol.com>,
> >    <PonYOU@aol.com>, "O'Connor, Dianna"
> > <OConnor.Dianna@mayo.edu>,
> >    <NIDIGIT1@aol.com>, <muzik1200@aol.com>,
> > <Mmoo429121@aol.com>,
> >    "Julie Medeiros" <julie02048@hotmail.com>, "mac"
> > <mac9@mediaone.net>,
> >    <Luvsunydys@aol.com>, <Love5O@aol.com>,
> > <kevinflaherty@mediaone.net>,
> >    <Keglx4@aol.com>, <katekynashly@aol.com>,
> > <josh@1000hours.com>,
> >    "JF" <petitebabe_02760@yahoo.com>, "Brenda
> > Jansson" <bjansson@micron.net>,
> >    <JAC042566@aol.com>,
> >    "InvestmentHouse.com"
> > <fsnotice-13@out.investmenthouse1.com>,
> >    <INGIESCCC@aol.com>, <huntwithus@juno.com>,
> >    "Heather" <heatherfeather@addr.com>,
> >    "Sandra Hayward" <shayward_01945@yahoo.com>,
> > "Harnish" <harnish@flash.net>,
> >    "Michele Grillo" <mikki_grillo@yahoo.com>,
> > <Greenok8@aol.com>,
> >    "Gordon Gibbons" <ggibbons@mediaone.net>,
> > <Fuelgirl123@aol.com>,
> >    <Froggirl4ever@aol.com>, <FREEGIRL60@aol.com>,
> > <Fluffy1071@aol.com>,
> >    <FLEAflute@aol.com>, <FIVE0CHICK50@aol.com>,
> > <FiryNurse4u@aol.com>,
> >    <darla1972br@yahoo.com>, <Damsel472@aol.com>,
> >    "Jane Dalgliesh" <siegna@yahoo.com>,
> > <cptdickfingers@aol.com>,
> >    "walter a cornett" <crazyhd883@juno.com>,
> >    "Coptic120" <coptic120@prodigy.net>,
> > <CmOlivia@aol.com>,
> >    <cisco107@home.com>, "Paul Ciccotelli"
> > <vze2sncx@verizon.net>,
> >    <CHRISMVIO@cs.com>, <chev1959@yahoo.com>,
> >    "Cheri Cherico" <cheriboo11@yahoo.com>,
> > <cheriboo22@aol.com>,
> >    <cestgrp@mail.wirefire.com>, "Hedy Carpouzis"
> > <hedycar@ulster.net>,
> >    <Carissaplymouth@aol.com>, "Linda C"
> > <lcyellow@hotmail.com>,
> >    "Mark Brunet" <brunet@rocketmail.com>,
> >    "Russell Bradley" <faltoy@capecod.net>,
> >    "Bowen, Michelle \(Dispatcher\)"
> > <mbowen@elsegundo.org>,
> >    "BK Botach" <botachtactical@botachtactical.net>,
> > <BoriquenaMami4u@aol.com>,
> >    "Tony Bonina" <tonyb@fastdial.net>, "Joe Bonina"
> > <JBonina100@aol.com>,
> >    "Joe Bonina" <jbirdie@iwon.com>, "bobjordan"
> > <bobj@capecod.net>,
> >    <bobekas@pacbell.net>, <BLAXXAND@aol.com>,
> >    "Dave Blackburn"
> > <dblackburn@treasuremerchant.com>,
> > <Bevhag1@aol.com>,
> >    "Betsy" <pparker@capecod.net>, "Deb Berglund"
> > <montedeb@bigsky.net>,
> >    <bendigo1@yahoo.com>, <BECKY121377@aol.com>,
> >    "Megan Baxter" <mbchomer@hotmail.com>,
> > <BadKlitty23@aol.com>,
> >    "N. B." <nikkosworld@webtv.net>,
> > <aw-confirm@ebay.com>,
> >    <Ashleigh5007@cs.com>, <AsHEriC1115@aol.com>,
> >    "Janet Arneberg" <jandia12345@hotmail.com>,
> > <armyme@hotmail.com>,
> >    <arallen@actworld.net>, <ArainaP@aol.com>,
> > <AnnPinklady@aol.com>,
> >    <ANGLQUE126@aol.com>, "KRISTEN ANGELL"
> > <angell@capecod.net>,
> >    "Daniel Anderson" <laieprovo@yahoo.com>,
> > <amshieldrn@aol.com>,
> >    "Jessica Alves" <alvesj@salve.edu>,
> > <AirborneTalon77@aol.com>,
> >    <Abbiedo@aol.com>, "1000hours-ebay"
> > <ebay@1000hours.com>
> > CC: "Jim Wood" <sevenbridgescollectibles@yahoo.com>,
> >    "Wingsports.com" <info@wingsports.com>,
> > <UpnorthCountry@aol.com>,
> >    <ty21@home.com>, "mike tompkins"
> > <pizzafarm@ns.sympatico.ca>,
> >    <tdestro@telocity.com>, <TammyNeil1@aol.com>,
> > <SSilvernail5264@aol.com>,
> >    <sscarsjc@msn.com>, <SLP082180@aol.com>,
> > <Singnbostnblonde@aol.com>,
> >    <Shrnrnd@aol.com>, <sfeldkamp@galaxyispc.com>,
> > <samantha@ns.sympatico.ca>,
> >    <Saltyrocks@aol.com>, <SAINT8@aol.com>,
> > <REBECCAPN@aol.com>,
> >    <Pooh0909@aol.com>, "Patrick"
> > <ricoc@mediaone.net>, <Paigevduke@aol.com>,
> >    "Hillary Nixon" <nixonh@salve5.salve.edu>,
> > "Nixon" <hnixon@capecod.net>,
> >    <NIQUS@aol.com>, <nelso222@msu.edu>,
> > <Naughtyannice32@aol.com>,
> >    <mvisions@bitstream.net>, <Mnitsirk@aol.com>,
> >    "Sarah Voisin & Matt Menke"
> > <lilhouse@mindspring.com>,
> >    "Robert Meldrum" <rmeldrum@wyan.org>,
> > <marco@coolpines.com>,
> >    <LuckyldyMortgage@aol.com>, <LPF222@aol.com>,
> > <listingconfirm@ebay.com>,
> >    <KINGCOP99@aol.com>, <Keg6972@aol.com>,
> > <Kaylm3@aol.com>,
> >    <josediaz@cims.nyu.edu>, "jody"
> > <jody@elliottsboots.com>,
> >    "Jason" <moonj@mediaone.net>,
> > <JagrFanNJ@aol.com>,
> >    "jacquie caldwell" <jcaldwel@bu.edu>, "Lisa
> > Irvine" <peace143@msn.com>,
> >    <hoop_phi14@yahoo.com>, "Diane Higgins"
> > <dhiggins64@msn.com>,
> >    "Joanne Harwick" <jharwick@ruraltel.net>,
> >    "Mr. Harrell" <nidigit@mediaone.net>,
> > <HARDKNOCKZ1@aol.com>,
> >    "BRENT HALL" <BRENT@GALLATINRIVER.NET>,
> >    "Michele Grillo" <tiggertime68@yahoo.com>,
> > <GreenEyes2966@aol.com>,
> >    "George, Thomas - Rep."
> > <Rep.ThomasGeorge@hou.state.ma.us>,
> >    "Sgt Frost" <Shep132@aol.com>,
> > <frontdesk@capecod.net>,
> >    "fountainofyouth"
> > <fountainofyouthauctions@yahoo.com>,
> >    <flyfish@citlink.net>, "Glen Eykel"
> > <eykelnpd@yahoo.com>,
> >    <endofauction@ebay.com>,
> > <extremeselfcare@juno.com>,
> >    "paul f edwards" <parchery@juno.com>,
> >    "????" <girlfromrussia2001@yahoo.com>,
> >    <dvycl@yahoo.com>, <Dusmj@aol.com>,
> > <dusm5573@bellsouth.net>,
> >    "Julie Dunn" <jyd2524@hotmail.com>, "Dunn, Julie"
> > <JDunn@bbii.com>,
> >    <DUITASKFORCE@aol.com>, <DucksRCool2001@aol.com>,
> > <DTAM2@aol.com>,
> >    <DragonzPrincez@aol.com>,
> > <Dooodles82910976@aol.com>,
> >    "Donald Dold" <raiderdon81@hotmail.com>,
> > <djeffrey@baf.com>,
> >    "Tammie Dill" <tammied99@yahoo.com>,
> > <digga420@aol.com>,
> >    "George Dietrick" <eddeit@cape.com>,
> > <Devley24@aol.com>,
> >    <della_h44za@email.com>, <Delight4ful@aol.com>,
> >    "Jen Dee" <jennidee@hotmail.com>,
> > <Dawnaburg@aol.com>
> > Subject: Fw: Possible VIRUS, I HAD IT ON MY COMPUTER
> > YOU MAY HAVE IT ON YOURS PLEASE CHECK
> > Date: Sun, 30 Dec 2001 12:50:45 -0800
> >
> >
> > ----- Original Message -----
> > From: Bob Jordan
> > To: VMW2612@aol.com ; Victoria Farrington ; Tess at
> > work ; Tess ; scott griffith ; Paul ; Missy Goulet ;
> > Maria ; Lbabdm@aol.com ;
> > Kimberly_Lane@tufts-health.com ; Jenlane10@cs.com ;
> > Jen Dee ; Jason ; Doug Pion ; Diane Rock ; Diana ;
> > Debby Robinson ; Court Lady ; Buffett ; Bridget ;
> > Brian & Joy Jordan ; Brad Lewis ; Betsy
> > Sent: Sunday, December 30, 2001 7:21 AM
> > Subject: Fw: Possible VIRUS
> >
> >
> >
> > ----- Original Message -----
> > From: Kate Burke
> > To: bobjordan
> > Sent: Friday, December 28, 2001 10:10 PM
> > Subject: Fw: Possible VIRUS
> >
> >
> >
> >
> >
> >
> --------------------------------------------------------------------------
-------------------------------------------------
> >
> > I received this notice from someone with whom I
> > correspond via e-mail.  I
> > did find the virus on my hard drive, so please take
> > steps to remove it from
> > your system.
> >
> > Hi everyone-many apologies for this but we have
> > picked up a virus that is
> > transmitted automatically via address books. Because
> > I have your address
> > you're likely to have the virus. The virus is not
> > detected by McAfee or
> > Norton, and lies dormant for 14 days before it then
> > closes down your entire
> > system. This is a simple yet effective method of
> > finding and deleting the
> > virus before it can do you any harm.
> > PLEASE ACT PROMPTLY.
> > The directions for removing it are easy.
> > 1. Go to 'start' then to 'find or search' (depending
> > on your computer).
> > 2. In the 'search for files or folders' type in
> > sulfnbk.exe this is the
> > virus.
> > 3. In the 'look up' make sure you're searching Drive
> > C.
> > 4. Hit 'search' button (or find).
> > 5. If this file shows up (its an ugly blackish icon
> > that will have the name
> > 'sulfnbk.exe') DO NOT OPEN IT.
> > 6. Right click on the file-go down to delete and
> > left click.
> > 7. It will ask you if you want to send it to the
> > recycle bin, say yes.
> > 8.Go to your desktop (where all your icons are) and
> > double click on the
> > recycle bin.
> > 9. Right click on sulfnbk.exe and delete again-or
> > empty the bin.
> > If you find it,  send this e-mail to all in your
> > address book.
> >
> >
> =============================================================
> >
> >
>
>
> =====
> View all my non-auction listings by following this link.
>
> http://sevenbridges.freewebspace.com
>
> __________________________________________________
> Do You Yahoo!?
> Send your FREE holiday greetings online!
> http://greetings.yahoo.com


Ricardo -- Per your request, here is some general information about Enron
that should be helpful in providing background materials for the Lay/Fox
meeting.
I've attached the corporate fact sheet, second quarter earnings analyst
presentation, EBS profile and recent news articles about Enron.  Please let
me know if you need additional information.

Thanks.
Karen
713-853-9757

http://www.businessweek.com/2000/00_30/b3691034.htm?scriptFramed

http://www.fortune.com/fortune/2000/08/14/pre.html

http://www.fortune.com/fortune/technology/2000/01/24/eco.html

http://www.fortune.com/fortune/fortune500/enr.html

http://www.forbes.com/forbes/00/0724/6517145a3.htm

http://www.businessweek.com/common_frames/bws.htm?http://www.businessweek.com/
2000/00_20/b3681075.htm

http://www.businessweek.com/common_frames/bws.htm?http://www.businessweek.com/
ebiz/0007/0713skilling.htm

http://www.business2.com/content/magazine/indepth/2000/06/01/11888

http://www.forbes.com/tool/html/00/jul/0720/mu4.htm

http://cbs.marketwatch.com/archive/20000410/news/current/diligence.htx?source=
htx/http2_mw

http://eeshou-etv02.ees.enron.com/moneyline/moneyline.ram


Want a NEW high speed computer?

866 MHz Pentium III Processor FAST enough?

Want High Speed internet?
Broadband,
Cable Modem,
DSL,
Satellite.

Then Get READY...
All Eligible U.S. Employees get innovative at HOME beginning March, 2001.

Go to http://clickathome.enron.com to LEARN more about the offerings.

Non-U.S. Eligible Employees get innovative at home beginning late 2001 and
2002.


i downloaded some good shit off of napster.  you have got to see my list.


very funny today...during the free fall, couldn't price jv and xh low enough
on eol, just kept getting cracked.  when we stabilized, customers came in to
buy and couldnt price it high enough.  winter versus apr went from +23 cents
when we were at the bottom to +27 when april rallied at the end even though
it should have tightened theoretically.  however, april is being supported
just off the strip.  getting word a lot of utilities are going in front of
the puc trying to get approval for hedging programs this year.

slafontaine@globalp.com on 03/13/2001 11:07:13 AM
To: jarnold@enron.com
cc:
Subject: utilites?

hey johnny. hope all is well. what u think hrere? utuilites buying this break
down? charts look awful but 4.86 ish is next big level.
jut back from skiing in co, fun but took 17 hrs to get home and a 1.5 days to
get there cuz of twa and weather.


BUSINESS HIGHLIGHTS

Enron Global Markets
In a combined effort, Global Risk Markets (GRM), a unit of Enron Global
Markets, and Southeast Power Origination, part of Enron Americas, closed
Enron's first Contingent Call Outage Option in the 1st quarter 2001. The
product was created to provide customers with a cost effective risk
management tool to hedge against high commodity prices after experiencing an
unplanned power generation outage.

The transaction was entered into with UtiliCorp United to manage its
generation risk for summer 2001. This risk is associated with a forced outage
of their largest coal unit during peak summer demand. The transaction, which
was developed jointly with the Southeast Power group, highlights the benefits
of cooperation between business units within Enron. GRM is working with a
number of business units to integrate this risk management product into other
Enron businesses to enhance value to our customers.  For additional
information on the product, please call David Hoog in the New York office at
212 702 3920.

IN THE NEWS

WORTH Magazine Names the Top 50 CEO's
NEW YORK--(BUSINESS WIRE)--April 23, 2001--Fifty of the country's chief
executive officers have been chosen by WORTH magazine as the top business
leaders in the nation, it was announced by W. Randall Jones, CEO, Worth
Media.
The third annual listing of CEO's by WORTH is determined based on each
leaders "foresight, judgment, and competitive juice to make their investors
happy." Rounding out the top 5 are the following best leaders:
1. Steve Ballmer, CEO, Microsoft   2. Jeffrey Skilling, CEO, Enron   3.
Philip Purcell, CEO, Morgan Stanley   4. James Morgan, CEO, Applied
Materials
5. Margaret Whitman, CEO, eBay
"We selected this year's list based on our belief in the CEO's ability to
deliver long-term shareholder value," said Jones. "The real test is not to
recognize past achievements but to be able to look back in five or ten years
from now. As a matter of fact, some CEO's we've chosen haven't made money for
share holders in the past few years, but we believe they are poised to do so
now."  WORTH's methodology for selecting the 50 best CEO's strives to balance
their possession of a vision with a demonstrated ability to execute under
stress and when confronted by urgent challenges.

WELCOME
New Hires
EGM  - Chrishelle Berell, Paul Murray, Yong Yi
EIM   - Jeff Nutt
ENA  - Keegan Farrell

Transfers (to or within)
ENA - Joe Parks, Mike Purcell
EGM ) Samuel Enochian

NUGGETS & NOTES

Travel Tip of the Week:  Book non-refundable tickets. Airlines typically
allow unused non-refundable tickets to be applied towards subsequent travel.
Even if you need to make a change at a rate of $100, in many cases the change
fee plus the ticket price is still less than a refundable ticket.
 For example:  Houston to Washington, D.C.
      Refundable:  $ 1,447
      Non-refundable       $    540

LEGAL STUFF
The information contained in this newsletter is confidential and proprietary
to Enron Corp. and its subsidiaries.  It is intended for internal use only
and should not be disclosed.


I will need to get feedback from Mark Taylor and then let you know.

---------------------- Forwarded by Jefferson D Sorenson/HOU/ECT on
08/22/2000 11:01 AM ---------------------------

Eric Gadd
08/22/2000 10:02 AM
To: Jefferson D Sorenson/HOU/ECT@ECT
cc: Alfred Pennisi/NYC/MGUSA@MGUSA
Subject: Re: MG update

Jeff-

Thanks for the memo.  After meeting with Al Pennisi in NY on Friday and
discussing your memo, I am confident that all the issues you raise can be
addressed so that we can have MG London act as Enron's clearing broker.  I've
asked him to contact you to review in more detail.  Please let me know the
outcome and action plan - - - is it feasible to complete this week?

	From:  Jefferson D Sorenson                           17/08/2000 19:08

To: Eric Gadd/LON/ECT@ECT
cc: Brent A Price/HOU/ECT@ECT, Leslie Reeves/HOU/ECT@ECT

Subject: MG update

Please find attached an action plan to determine the feasibility of MG acting
as a clearing broker on Enron's behalf.
As indicated on my voice message please call me so that we can discuss. (713
853-5294)

Thank you,
Jeff
---------------------- Forwarded by Jefferson D Sorenson/HOU/ECT on
08/17/2000 01:02 PM ---------------------------

David P Dupre
08/17/2000 12:59 PM
To: Jefferson D Sorenson/HOU/ECT@ECT
cc:
Subject: MG update


Andrew,

Here is an asset statement.  I will mail my 98 & 99 Tax returns plus a 2000
W2.  Is this sufficient?

Phillip Allen
713-853-7041 wk
713-463-8626 home


----- Forwarded by Dan J Hyvl/HOU/ECT on 06/12/2001 02:17 PM -----

	clbywaters1@aep.com
	06/07/2001 09:09 AM

		 To: Dan.J.Hyvl@enron.com
		 cc:
		 Subject: Letter Offer for Sale of Land in North Harris County

I have drafted and attached a basic offer to an adjacent land owner for a
property sale.  He and I have negotiated this for some time and this is
basically my final offer.

Please critique this letter and advise me at your earliest convenience of
the changes you would require before this is sent out.
(See attached file: guzmanoffer.doc)

Thanks, Dan.

Candy
 - guzmanoffer.doc


Kay:
FYI.
Fred

---------------------- Forwarded by Fred Mitro/HOU/ECT on 10/12/2000 01:36 PM
---------------------------

Fred Mitro
10/12/2000 01:36 PM
To: Stuart Zisman/HOU/ECT@ECT
cc:
Subject: letter to Village re: Roadway improvements

Stuart:

Here is the letter I mentioned.  Take a look and let me know if you have any
issues with it.  Our goal is to fax it to the Village later this afternoon,
if possible.

Thanks,
Fred
---------------------- Forwarded by Fred Mitro/HOU/ECT on 10/12/2000 01:33 PM
---------------------------

"Farrell, Eileen - CHI" <eileen.farrell@piperrudnick.com> on 10/12/2000
01:01:53 PM
To: "'fred.mitro@enron.com'" <fred.mitro@enron.com>
cc: "Gershon, Mark A. - CHI" <Mark.Gershon@piperrudnick.com>
Subject: Enron Letter to James M. Doyle.WPD

Please call Mark Gershon to discuss the attached.  Thank you.

 <<Enron Letter to James M. Doyle.WPD>>

____________________________________________________________________________
The information contained in this communication may be confidential, is
intended only for the use of the recipient named above, and may be legally
privileged.  If the reader of this message is not the intended recipient, you
are hereby notified that any dissemination, distribution, or copying of this
communication, or any of its contents, is strictly prohibited. If you have
received this communication in error, please re-send this communication to
the sender and delete the original message and any copy of it from your
computer system.
Thank you.

For more information about Piper Marbury Rudnick & Wolfe, please visit us at
http://www.piperrudnick.com/
____________________________________________________________________________

 - Enron Letter to James M. Doyle.WPD


Total Int'l, just asked us to post LC's on future deals.

Jeff


Please keep this to yourself.

Sally Beck will meet with you guys this week about having logistic leads for your respective regions reporting to you'all.

Let me know how it goes.

Lavo


Don,

FYI
---------------------- Forwarded by Terri Clynes/HOU/ECT on 05/10/2001 11:27
AM ---------------------------

"Transaction Coordinator" <transcrd@mapp.org>@mapp.org on 05/07/2001 03:26:11
PM
Sent by: owner-rin@mapp.org
To: <rin@mapp.org>
cc:
Subject: MAPP OASIS Node Maintenance and Upgrade to 2.7.0d: May 16th at
11:30pm CDT

Dear MAPP Transmission Providers and Customers,

On Wednesday, May 16th at 11:30pm CDT the MAPP OASIS NODE will be taken
off-line for approximately 1 hour for database maintenance.  At the same
time the latest version of OASIS software will be installed , v2.7.0d.

How does this effect MAPP Transmission Providers:

The new version of OASIS software allows for specific redirect service
types.  Two new option fields have been added to the service types, "Allow
on Redirect" and "Account on Reduction".

These two fields can be changed by selecting "Transmission Services" under
Provider Maintenance, and then click on the ID to update the transmission
service.

The "Allow on Redirect" option determines whether the service type appears
in the drop down box on the REDIRECT transmission request template.

The "Account On Reduction" determines whether REDIRECT request types appear
in the "Query for Reductions".

All services types will default to "No" for
the two new fields for existing transmission services.

Requirements:
Before the upgrade
1.  All "Capacity Type" entries must be unique for each transmission
provider.  Please change your "Capacity Types" so that they are unique.

 The "Capacity Type" will be changed by the MAPPCOR staff at the time of
upgrade if the unique "Capacity Type" for each provider is violated.

After the upgrade
1.  If you do have Redirect transmission service types then select "Yes" for
the "Allow on Redirect" field.

The MAPP OASIS Test node is available for testing version 2.7.0d.  The test
node can be accessed at:
http://mappb3.oasis.mapp.org/OASIS14/NODE/MAPPB3

How does this effect MAPP Schedule F Customers:

MAPP Schedule F Transmission Customers should select "HNF Secondary" as the
Service for redirecting a CONFIRMED MAPP Schedule F Firm reservation as
Non-Firm.

In addition, to redirect a CONFIRMED MAPP Schedule F Firm
reservation on Firm basis then one of the following services should be
selected "FCTS Daily", "FCTS Weekly", "FCTS Monthly", "FCTS Seasonal", "FCTS
Yearly", and "FCTS Monthly 1 Month" depending on the remaining duration.

Please try to have your business needs concluded prior to this outage.  We
apologize for any inconvenience this may cause.

Please contact the MAPP Transaction Coordinator if you have further
questions at 651.632.8508 or at transcoords@mapp.org.

Thank you in advance for your cooperation.

Sincerely,

MAPP Transaction Coordinator

651.632.8508
transcoords@mapp.org


Was'nt there an earlier powerpoint?
---------------------- Forwarded by Richard Shapiro/NA/Enron on 07/09/2001
01:45 PM ---------------------------

Maureen McVicker
07/09/2001 01:43 PM
To: Jeff Dasovich/NA/Enron@Enron, Richard Shapiro/NA/Enron@Enron
cc: Ginger Dernehl/NA/Enron@Enron

Subject: Please Take a Look--Draft Slides for Monday Talk in New York on
California Crisis

HERE'S A DRAFT OF THE EXNET PRESENTATION.  I'LL KEEP LOOKING FOR THE FINAL
VERSION.

----- Forwarded by Maureen McVicker/NA/Enron on 07/09/2001 01:42 PM -----
From: Jeff Dasovich on 01/26/2001 12:22 PM
Sent by: Jeff Dasovich
To: skean@enron.com, Paul Kaufman/PDX/ECT@ECT, Susan J Mara/NA/Enron@ENRON,
Sandra McCubbin/NA/Enron@Enron, mpalmer@enron.com, Richard
Shapiro/NA/Enron@Enron, Karen Denne/Corp/Enron@ENRON
cc:

Subject: Please Take a Look--Draft Slides for Monday Talk in New York on
California Crisis

I've still got considerable work to do, but wanted to make sure all had a
chance to review and comment well in advance of finalizing.  I'm giving a
talk at Exnet on Monday about California.  Attached is a draft of the
slides.  All comments welcome and appreciated.  I'm continuing to work on
it.  Thanks very much.

Best,
Jeff


Info on the SCE response.

Jim

 -----Original Message-----
From: 	Hughes, Evan
Sent:	Friday, August 24, 2001 11:52 AM
To:	Steffes, James D.; Bob Williams@ENRON; Mellencamp, Lisa
Subject:	Re: SCE Direct Access Bills

fyi -- this just came across my screen.
---------------------- Forwarded by Evan Hughes/HOU/EES on 08/24/2001 11:51 AM ---------------------------

Janet.Covington@sce.com on 08/24/2001 11:44:53 AM
To:	"Diann Huddleson" <dhuddles@enron.com>
cc:	"Evan Hughes" <ehughes2@enron.com>, Diane.Romeyko@sce.com, Matt.Pagano@sce.com
Subject:	Re: SCE Direct Access Bills

Diann,

Your billing dispute has been reviewed and SCE has determined that all
charges were correctly calculated. New accounts were established as a
result of the change in direct access status and financial relationship and
all amounts are properly due and owing.

Please feel free to contact your Account Manager Matt Pagano should you
require assistance with regard to payment.  These bills are due and payable
and subject to further collection activity which may include Late Payment
Charges and/or reversion to dual billing if they remain unpaid.

Please feel free to call me if you have any questions regarding this
matter.

Janet L. Covington
Account Manager
ESP/AMS Services Division
SSID Administration Bldg., First Floor
7300 Fenwick Lane
Westminster, CA  92683
Phone: 714-895-0198 (54198)
Fax: 714-895-0347 (54347)
janet.covington@sce.com

                    "Diann
                    Huddleson"           To:     janet.covington@sce.com
                    <dhuddles@enr        cc:     diane.romeyko@csc.com, "Evan Hughes"
                    on.com>              <ehughes2@enron.com>
                                         Subject:     SCE Direct Access Bills
                    08/20/2001
                    03:24 PM

Janet, I think I've cleaned this thoroughly.  Let me know if you find
discrepancies.  Thanks.

(See attached file: SCE_DA_Bills_081701.xls)
(See attached file: SCE_DA_Bills_081701.xls)

Janet,

With reference to the bills listed on the attached, pursuant to Rule 22 and
Rule
10A we are disputing that any charges are properly due and owing on these
accounts.  Each of these accounts has a credit balance.  We are therefore
withholding payment.

(See attached file: SCE_DA_Bills_081701.xls)
(See attached file: SCE_DA_Bills_081701.xls)

 - SCE_DA_Bills_081701.xls
 - SCE_DA_Bills_081701.xls

<Embedded Picture (Device Independent Bitmap)>


-----Original Message-----
From: 	Kean, Steven J.
Sent:	Friday, November 16, 2001 2:59 PM
To:	Whalley, Greg; Lay, Kenneth; Frevert, Mark; Fallon, Jim
Cc:	Palmer, Mark A. (PR)
Subject:

Please review and comment on the attached


Ken Lay will not be able to attend.

Rosalee

Paulette.Brunson@bakerbotts.com on 03/12/2001 10:41:33 AM
To: Paulette.Brunson@bakerbotts.com
cc:
Subject: Breakfast Seminar - March 29, 2001

Baker Botts L.L.P. is pleased to invite you to a complimentary breakfast
seminar.

Addressing Emerging Technologies and the Energy Industry

Featured Speaker:

 Dr. Stanley L. Kroder, President and COO of Hilliard Consulting
Group, Inc.

Issues to be covered:

  *  The Future of the Internet
  *  Telecommunications Challenges
  *  Future Technologies
  *  The Energy Industry and New Technologies

Thursday, March 29, 2001

7:00 a.m. - 7:30 a.m. Registration and Continental Breakfast
7:30 a.m. - 9:00 a.m. Seminar

The Houstonian Hotel
111 North Post Oak Lane
Houston, Texas 77024

This seminar is a collaborative effort of Baker Botts L.L.P., Fulbright &
Jaworski L.L.P. and Haynes and Boone, LLP.

Please RSVP by March 26, 2001 to Paulette Brunson @ 713.229.1190 or
paulette.brunson@bakerbotts.com


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 05/15/2001 02:20 PM -----

	Rhonda L Denton
	05/15/2001 02:03 PM

		 To: jtucciarone@aeglobalmarkets.com
		 cc: Carol St Clair/HOU/ECT@ECT, Elsie Lew/HOU/ECT@ECT
		 Subject: Merrill/Allegheny Deals

Here is a spreadsheet of deals done since 3/19/01, the closing date for the
transfer.  Locke indicated that the deals in yellow are the ones that are
Merrill deals.  The ones in blue were traded the day of the closing and were
supposed to be netted and were not included on the transfer exhibit.
Therefore, they stayed as Merrill in our books.  Please confirm which are
Merrill deals and which are Allegheny.  We will need confirmation after this
review with our attorney as to where these deals will be booked.

Another question that has arisen is whether Allegheny traders are trading for
Merrill Lynch.  These issues need to be resolved so that we do not continue
to have these questions when our settlements people try to check out at month
end.  Thanks for your help.


yeah.  both of you can go.  just show up.