i live inside the loop here and usually don't leave unless i have to golf.  outside of the loop is pretty ugly.  which part of houston did you grow up in?

 -----Original Message-----
From: 	ccates@mail.lbjs.com@ENRON [mailto:IMCEANOTES-ccates+40mail+2Elbjs+2Ecom+40ENRON@ENRON.com]  On Behalf Of Cori Cates <ccates@mail.lbjs.com>
Sent:	Wednesday, May 30, 2001 3:17 PM
To:	Lenhart, Matthew
Subject:	RE:

no i do not work for strip clubs!!!
our 'in house' production department makes comercials
for advertising companies; i.e. clubs, bars....and i
did the voice work for them!  h-town IS the armpit of
america.  i know, i've lived there all my life.  you
cannot say it isn't dirty. especially after you see a
beautiful clean place like austin. but i'm glad to know
that there are people who still love houston too.

what's my stripper name?!! nice.
-cori

> you think houston is the armpit of the world?  i love
it hear.  the
> weather sucks in the summer, but other than that it
is a blast.  so you
> do work for strip clubs huh?  that is interesting.
what is your
> stripper name?
>
> >  -----Original Message-----
> > From: 	ccates@mail.lbjs.com@ENRON
> > [mailto:IMCEANOTES-
ccates+40mail+2Elbjs+2Ecom+40ENRON@ENRON.com]  On
> > Behalf Of Cori Cates <ccates@mail.lbjs.com>
> > Sent:	Wednesday, May 30, 2001 10:33 AM
> > To:	Lenhart, Matthew
> > Subject:	RE:
> >
> >
> > hey there- how's it goin?
> >
> > 4th st. is sort-of away from all the college
> > crowd...it's pretty cool, i like it.  if you were
to go
> > to 6th. 'the library' & 'the aquarium' are good
> > places. 'touche' is also pretty cool (flaming
dr.pepper
> > gimick).
> > i work at 'lbjs broadcasting' there are six radio
> > stations in the building. i work specifically for
> > 101X.  it is an alternative rock station.  i also
make
> > some commercials; if you listen to the radio here-
> > that's me talking on the 'showpalace' & 'expose'
> > commercials.- yes- they are strip clubs.(no
> > affiliation) it also airs on 93.7fm.
> > how's it goin in the arm-pit of america?
> > -cori:)
> >
> >
> >
> >
> >
> > > i forgot you had a wedding.  i don't go up to
austin
> > all that much.  i
> > > usually stay down here and go out.  where do you
work
> > up there again?  i
> > > am sure you told me, but i forgot.  where are the
> > good places to hang
> > > out?  is it 4th st?
> > >
> > > >  -----Original Message-----
> > > > From: 	ccates@mail.lbjs.com@ENRON
> > > > [mailto:IMCEANOTES-
> > ccates+40mail+2Elbjs+2Ecom+40ENRON@ENRON.com]  On
> > > > Behalf Of Cory Cates <ccates@mail.lbjs.com>
> > > > Sent:	Tuesday, May 29, 2001 3:53 PM
> > > > To:	Lenhart, Matthew
> > > > Subject:	RE:
> > > >
> > > > i was kidding about your friends...besides- i
> > > > definately do not have room to talk.
> > > > i guess you didn't remember, i have a "wedding"
on
> > > > saturday?  i have to be in h-town on fri. for
the
> > > > rehearsal.  sucks. you'll have fun though- do
you
> > come
> > > > to austin a lot?  next time i'm in houston will
> > > > probably be father's day.
> > > >
> > > > i've had just about enough of this place for one
> > day,
> > > > so i'm going home now...
> > > > have a good day
> > > > -cori:)
> > > >
> > > >
> > > >
> > > >
> > > >
> > > > > my friends are liars.  this past weekend was
an
> > > > anomaly.  it isn't bad
> > > > > to go out and party like a rock star every
now and
> > > > then.  i will be in
> > > > > austin this saturday night, so maybe we can
get
> > > > together in austin.  we
> > > > > will probably be at it pretty hard again.  i
have
> > a
> > > > friend coming in
> > > > > from new orleans so he will want to hit 6th
> > street.
> > > > >
> > > > > >  -----Original Message-----
> > > > > > From: 	ccates@mail.lbjs.com@ENRON
> > > > > > [mailto:IMCEANOTES-
> > > > ccates+40mail+2Elbjs+2Ecom+40ENRON@ENRON.com]
On
> > > > > > Behalf Of Cory Cates <ccates@mail.lbjs.com>
> > > > > > Sent:	Tuesday, May 29, 2001 2:35 PM
> > > > > > To:	Lenhart, Matthew
> > > > > > Subject:	RE:
> > > > > >
> > > > > > stop making excuses- your friends all said
that
> > > > you're
> > > > > > always very drunk every weekend. ha.
> > > > > > i'm back in austin.  i did have fun
sat.night-
> > it
> > > > was
> > > > > > worth driving in for:)
> > > > > > i'm about a quart low today; i drove back on
> > sunday
> > > > &
> > > > > > spent the rest of the weekend on the lake.
i
> > need
> > > > to
> > > > > > go home.
> > > > > > why are you coming up this weekend again?
for
> > some
> > > > > > reason, i can't remember.
> > > > > > -cori
> > > > > >
> > > > > >
> > > > > >
> > > > > >
> > > > > >
> > > > > >
> > > > > > > i remember you.  i was pretty drunk
though.
> > > > > > hopefully i didn't make too
> > > > > > > much of an ass out of myself.  we hit it
> > really
> > > > hard
> > > > > > that night for my
> > > > > > > buddy's birthday.  how was your
bachelorette
> > > > party?
> > > > > > are you back in
> > > > > > > austin now?
> > > > > > >
> > > > > > > >  -----Original Message-----
> > > > > > > > From: 	ccates@mail.lbjs.com@ENRON
> > > > > > > > [mailto:IMCEANOTES-
> > > > > >
ccates+40mail+2Elbjs+2Ecom+40ENRON@ENRON.com]
> > On
> > > > > > > > Behalf Of Cory Cates
<ccates@mail.lbjs.com>
> > > > > > > > Sent:	Tuesday, May 29, 2001 11:56 AM
> > > > > > > > To:	Lenhart, Matthew
> > > > > > > > Subject:
> > > > > > > >
> > > > > > > > hi matt....
> > > > > > > >
> > > > > > > > -cori
> > > > > > > > (hopefully you remeber me)
> > > > > > >
> > > > > >
> > > > >
> > > >
> > >
> >
>


Thanks for everyone's help with the schedules.

We believe we now have "execution ready" schedules.  If you would like to
review your relevant section once more, please contact Stuart Zisman.
Otherwise we will assume no request for review is an acknowledgement that the
schedules are complete and include everything that you feel is relevant.  As
you all know, we will be making "reps and warranties" as to the accuracy of
the schedules, so it is important for everyone to feel comfortable that the
schedules are all inclusive and exhaustive.

We will be providing the schedules by midday Friday to all the counterparties
evaluating Caledonia and Brownsville.

Sorry to belabour this point; however, as you all know, the accuracy of the
schedules are key in a transaction such as this.

Thanks again for your help and support throughout this process.

Regards,

Don


Due to conflict with Stan Horton's meeting this afternoon (2/5).  We will reconvene at the regular time on 2/12.


NYMEX Membership Services
April 9, 2001
Notice # MS-24

NAME CHANGE FOR CLEARING MEMBER FIRM

 Please be advised that the Exchange has been notified that effective April
2, 2001, Geldermann, Inc. (#358) has changed its name to Man International
Inc.

 Furthermore, please be advised that the Exchange has been notified that
effective April 2, 2001, E.D.F. Man International Inc. (#330) has changed its
name to Man Financial Inc.

NOTICE OF INTENTION TO TRANSFER

Please be advised that effective with the close of business, April 9, 2001,
he following member(s) have given notice of intention to transfer their sole
Membership within the Exchange:

Robert Kuciewicz (CHIA-3571)

REINSTATEMENT OF MEMBERSHIP PRIVILEGES

Please be advised that effective with the close of business, April 9, 2001,
the following member(s) have reinstated their membership privileges:

Richard Cruz (CRUZ-3517) as a Lessee Member with a qualified trader guarantee
provided by MBF Clearing Corp.

 Members and Member Firms have (10) days from the date of this notice to
advise the Corporate Secretary,s Office of any claims in accordance with Rule
2.51.

 Inquiries regarding the above should be addressed to the Member Services
Department (212) 299-2379.

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

"http://208.206.41.61/email/email_log.cfm?useremail=sara.shackleton@enron.com&
refdoc=(MS-24)"

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


Here is my suggested response:
Enron's policy is to not comment on current litigation.  With respect to severance, if an Enron employee is let go prior to the merger, and is eligible for benefits under the Enron Corp. Severance Plan, then the terms of that plan will govern.  No changes to the severance plan have been made at this time.  In general, however, any severance waiver signed will include a release of claims for any and all conduct that has occurred to date.  Post merger, employees will be eligible for benefits under whatever severance plan the merged company adopts, including with respect to waiver requirements.

--Lizzette

 -----Original Message-----
From: 	Brown, Cole
Sent:	Tuesday, November 27, 2001 12:11 PM
To:	Palmer, Lizzette
Cc:	Johnson, Rick
Subject:	FW: A Question

Lizzette, can you help us draft an answer to these questions?  Thanks, Cole.
 -----Original Message-----
From: 	James, Terrie
Sent:	Tuesday, November 27, 2001 12:09 PM
To:	Brown, Cole; Johnson, Rick
Subject:	A Question

Rick or Cole,

PR received the following question.  We'd like to have an answer prepared, but don't plan to post it or include it in any of the Q&A that will accompany scripts.  (You may want to include it in an HR Q&A or post to LiveLink.)

Q.  If I am a party to a 401K class action suite against Enron, how will that affect my severance if I am involuntarily terminated?

Related Q.  If I am involuntarily terminated and required to sign a waiver as part of the severance package, can I participate in an employee or shareholder class action suite against Enron.


Sorry for the delay: agree that the bonds are "Not Contingent" but I would
like to see Potts' opinion.

Robert Pickel <RPICKEL@isda.org> on 15 Oct 2001 12:06

To:   ISDA BOARD <BOARD@isda.org>
cc:   Kimberly Summe <KSumme@isda.org>
      Louise Marshall <LMarshall@isda.org>

 Our Ref:               Your Ref:

Subject:  Credit Derivatives Issue

******************************************************************
 This message originated from the Internet. Its originator may or
 may not be who they claim to be and the information contained in
 the message and any attachments may or may not be accurate.
******************************************************************

You should be aware that an issue is currently under extensive debate in
the
credit derivative area resulting from the insolvency of Railtrack in the
UK.
ISDA has been asked by some participants in the market to make a statement
regarding a provision of its Credit Derivatives Definitions. Others are
either still considering their position or would prefer that ISDA not issue
a statement.

Specifically, the discussion relates to the deliverability of convertible
bonds of Railtrack. There is no dispute that a Credit Event occurred. What
is in dispute is whether the bonds satisfy the definition of "Not
Contingent" under the Definitions, which is a characteristic typically
required of deliverable obligations. This characteristic requires that the
payment or repayment of principal on the bonds not be subject to a
contingency. The bonds are convertible into equity of Railtrack at the
option of the holder or, in certain limited circumstances, at the option of
the trustee for the bondholder. The provision for the trustee to exercise
the conversion (sometimes referred to as a "widows and orphans" clause) is
a
standard clause in bonds issued in England and is intended to protect
bondholders who may have inadvertently failed to exercise their conversion
right when it would be clearly beneficial economically for them to do so.
In
the case of Railtrack, conversion would not have been economically
beneficial at any time recently, but nevertheless the right of the trustee
to convert exists.

A draft statement has been prepared for consideration by the Credit
Derivatives Market Practice Committee, which I have attached for your
review. The statement refers to two documents that are in draft form, the
User's Guide to the Definitions (which is scheduled to be published in the
next week or two) and a Supplement currently under consideration by the
"group of six" subgroup of the Committee. In each of these documents, we
suggest that "plain vanilla" convertible bonds should satisfy the "Not
Contingent" characteristic and should, therefore, be deliverable. "Plain
vanilla" convertible bonds for this purpose include bonds where conversion
is at the option of the holder of the trustee.

A meeting of a number of dealers based in London (not an ISDA meeting) is
scheduled for Tuesday. It is not likely that we will publish anything prior
to that meeting.

I would appreciate your views on whether we should issue any statement
regarding this situation. We are continuing to poll members for their views
on whether this type of market statement would be appropriate. We are also
discussing with Allen & Overy and with Clifford Chance and Linklaters how
we
might achieve a legal basis for making the statement. Please share your
views with the other addressees of this email, as they are coordinating the
views of members.

Bob

********************************************************************
 This  message and any attachments are confidential to the ordinary
 user  of the e-mail address to which it was addressed and may also
 be  privileged.   If  you  are not the addressee you may not read,
 copy, forward, disclose  or  use  any  part  of  the  message  or
 its attachments and if you have received this message in error,
 please notify  the sender immediately by return e-mail and delete
 it from your system.

 Internet  communications  cannot  be  guaranteed  to  be secure or
 error-free  as  information could be intercepted, corrupted, lost,
 arrive  late or contain viruses.  The sender therefore does not
 accept  liability  for  any  errors or omissions in the context of
 this  message  which  arise  as a result of Internet transmission.

 Any opinions contained in this message are those of the author and
 are not given or endorsed by the HSBC Group company or office
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********************************************************************


<<Ltr. to Enron President_Ken Lay.doc>>

Mark A. Carrie
Senior Legislative Counsel
Office of Representative Sheila Jackson Lee
410 Cannon House Office Building
Washington, DC 20515
(202) 225-3816
(202) 225-3317 fax

 - Ltr. to Enron President_Ken Lay.doc


What time frame are we looking at?

ST

 -----Original Message-----
From: 	Keiser, Kam
Sent:	Friday, January 04, 2002 1:01 PM
To:	Trevino, Susan
Cc:	Love, Phillip M.; Winfree, O'Neal D.; Giron, Darron C.; McLaughlin Jr., Errol; Palmer, B. Scott
Subject:	new book req

Susan,

These are book requests for the Netco books for all regions.

Please let me know if you have any questions.  We put in some book and portfolio codes we would like if they are available.  If not, please call me.  We need all price, basis, index, and gas daily US books to be the same, all Canadian books to be the same and all physical books to have the same codes please.

Thanks

Kam

 << File: Book Request Form  Financial.xls >>  << File: Book Request Form Central.xls >>  << File: Book Request Form East.xls >>  << File: Book Request Form Texas.xls >>  << File: Book Request Form West.xls >>


Attached are the suggested revisions from PGL legal.  Please review and
advise.

Russell Murrell
(312) 541-1159
----- Forwarded by Russell E Murrell/Corp/Enron on 11/22/2000 10:35 AM -----

	m.klyasheff@pecorp.com
	11/18/2000 06:03 PM

		 To: Russell.E.Murrell@enron.com
		 cc: r.delara@pecorp.com, d.wear@pecorp.com, k.birkhold@pecorp.com
		 Subject: RE: Company Use confirm

 Attached are my comments on the draft Transaction Confirmation.

 <<EMW PGL Confirm RFG 11-20.doc>>

> ----------
> From:
> Russell.E.Murrell@enron.com[SMTP:Russell.E.Murrell@enron.com]
> Sent:  Wednesday, November 15, 2000 5:41 PM
> To:  Dave.Wear@enron.com
> Cc:  m.klyasheff@pecorp.com
> Subject:  Company Use confirm
>
> <<File: PGL Co. Use.doc>>
> Attached is a draft confirm between EMW and PGLC for company use gas.
> Please review and give me your comments.
>
> thanks
>
> Russell Murrell
> (312) 541-1159
>
>
> (See attached file: PGL Co. Use.doc)
>

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

 - EMW PGL Confirm RFG 11-20.doc


Gareth suggested that I forward these swap documents to you two.  We are
working on a 125 "revolver" structure that allows for several 125 assets to
use one Trust to complete transactions.  Each asset will be set up in its own
Asset LLC and Transferor LLC, but the Total Return Swap will be with the
Master Trust and a new confirmation will be issued for each asset as it is
placed in the vehicle.  I will be out of town next week, so please let Gareth
or Charles DeLacey (x35757) know if you have any questions or comments.  I
will be available through tomorrow.  Thanks.

Jodi
x56318

---------------------- Forwarded by Jodi Coulter/HOU/ECT on 03/16/2000 02:15
PM ---------------------------

"Cassandra Davis" <DAVICA@andrews-kurth.com> on 03/16/2000 12:19:54 AM
To: "TOM POPPLEWELL" <POPPT@andrews-kurth.com>, <alan.quaintance@enron.com>,
<bill.brown@enron.com>, <charles.delacey@enron.com>,
<gareth.bahlmann@enron.com>, <jodi.coulter@enron.com>,
<ryan.siurek@enron.com>, <trevor.randolph@enron.com>,
<mniebruegge@mayerbrown.com>, <tellwood@mayerbrown.com>,
<schottla@us.cibc.com>, <wolfmark@us.cibc.com>
cc: "DAVID BARBOUR" <BARBD@andrews-kurth.com>, "DALLAS GUEST ACCOUNT #2"
<DGUEST2@andrews-kurth.com>, "DEBORAH LOWE" <LOWED@andrews-kurth.com>,
<marthawelmaker@andrews-kurth.com>, "MURIEL McFARLING"
<MCFAM@andrews-kurth.com>, "Mary Rembert" <REMBM@andrews-kurth.com>
Subject: Hawaii

Attached are drafts of:
1.   Swap Schedule (Blacklined against Ghost).
2.   Form of Swap Confirmation to be used with QSPE assets (blacklined
against Ghost).
3.  Form of Swap Confirmation to be used with SPE assets.  (Blacklined
against the QSPE Form)
 Please call me with questions or comments at 214-659-4414.

Danny Sullivan

 - RESULT OF COMPARISON 232864 VER 1.WPD
 - RESULT OF COMPARISON 216444 VER 10.WPD
 - RESULT OF COMPARISON 216480 VER 11.doc
 - RESULT OF COMPARISON 216480 VER 11.WPD
 - RESULT OF COMPARISON 232864 VER 1.doc
 - RESULT OF COMPARISON 216444 VER 10.doc


Julie

I'm looking into this.


The following items were presented in this week's corporate change control....

Feb. 21
From 11:00 a.m. - 2:00 p.m., Enron Network Services will re-address the IP structure for Enron Aviation.  This change is to facilitate the establishment of an interim disaster recovery site for ETS.  The aviation network will experience intermittent outages during this maintenance.  No impact to ETS is expected.
Feb. 21
From 4:00 - 5:00 p.m., the Corporate Infrastructure team will establish a one-way trust been UBS and corp.enron.com.  No impact is expected.
Feb. 22
From 7:00 - 8:00 p.m., Facilities will conduct their regularly scheduled maintenance on the backup water chillers.  No impact is expected.
Feb. 23
From 7:00 - 8:15 p.m., Telephony Services will perform maintenance on the ATM links between ECN and ECS.  No impact is expected.

ETS Solution Center - Houston, at 713-345-4745
ETS Solution Center - Omaha, at 402-398-7454


I do not see any problems with this.

James Centilli
08/01/2000 02:53 PM
To: Susan Scott/ET&S/Enron@ENRON
cc: Drew Fossum/ET&S/Enron@ENRON

Subject: TW Letter

Susan

Bob Chandler and I request some changes inorder to detail the upfront
payment.  If you do not have any problems with the document, please advise
and we will notify Gerald to create executables.

Thanks,
James

---------------------- Forwarded by James Centilli/ET&S/Enron on 08/01/2000
02:49 PM ---------------------------

Gerald Nemec@ECT
08/01/2000 09:25 AM
To: James Centilli/ET&S/Enron@ENRON
cc: Mark Courtney

Subject: TW Letter

Attached is the letter.  I am forwarding per Mark's request.  Let me know if
you have any comments.  If everything looks good, let me know and I will
create executables.  Thanks.


RadioWallStreet
Tuesday, October 17

Enron Wholesale & Retail
Business Hits Record Level

Enron beat the Street as earnings climbed 31% thanks to online energy
trading. Third quarter revenue soared 154% to $30 billion. Enron Pres/COO
Jeffrey Skilling tells RadioWallStreet.com he believes crude oil prices will
begin to fall in 2001. (ENE)

http://www.radiowallstreet.com/NASApp/RWS/Index?Accept=C

Energy Trading, EnronOnline Help Enron Top 3rd Quarter Estimates
By Christina Cheddar
Of DOW JONES NEWSWIRES

10/17/2000
Dow Jones News Service
(Copyright (c) 2000, Dow Jones & Company, Inc.)

NEW YORK -(Dow Jones)- After once again helping Enron Corp. (ENE) to top Wall
Street's expectations, the importance of Enron's energy trading operations
was further cemented in the third quarter.
Enron's third-quarter earnings rose 31% to $292 million, or 34 cents a share,
from $223 million, or 27 cents a share, before items, a year ago.
Third-quarter revenue rose 154% to $30 billion from $11.84 billion.
In the year-ago period, Enron's net income was $290 million, or 35 cents a
share, after a gain of $345 million, or 44 cents a share, on the sale of its
stake in Enron Oil & Gas Co. (EOG), and a charge of $278 million, or 36 cents
a share, on its MTBE asset.
According to First Call/Thomson Financial, analysts were expecting Enron to
earn 32 cents a share in the latest third quarter.
The key driver of the company's performance was its wholesale business, which
includes EnronOnline and commodity sales, and which has transformed Enron
from a gas pipeline company to the world's largest energy trader.
In the third quarter, the wholesale business just had "a stunning quarter,"
said Enron President Jeff Skilling.
Revenue from Enron's wholesale energy operations and services unit, which
includes EnronOnline and commodity sales, more than doubled to $28.15 billion
from $11.06 billion.
Income before interest, minority interest and taxes, or IBIT, in the third
quarter rose 66% to $627 million from $378 million a year ago.
During the latest period, physical deliveries of energy commodities grew 64%
to 53.5 trillion British thermal units, Enron said.
EnronOnline, the company's Internet-based transaction system, is driving the
growth of the wholesale segment, said Raymond Niles, an analyst at Salomon
Smith Barney.
Currently, more than 60% of the Enron's wholesale business occurs through
EnronOnline. As of Oct. 11, EnronOnline had executed more than 350,000
transactions online, totaling $183 billion of gross value since its inception
in late 1999.
EnronOnline, which initially bought and sold natural gas, electricity,
petrochemicals, and bandwidth, has expanded to other commodity areas such as
metals and pulp and paper.
J.P. Morgan analyst Anatol Feygin supports Enron's decision to expand to
other commodities. "The only limit (to expanding to other commodities) is
intellectual capital," Feygin said.
He estimates that the North American steel business is a $35 billion
business, while pulp and paper is about $150 billion.

At least part of the success that Enron had during the third quarter was the
result of price volatility in California's deregulated energy market.
However, the company wouldn't specify what it earned in the state.
During the third quarter, utilities in the Golden State paid near-record
rates for electricity as higher demand pushed the power grid to the brink.
"The uncertainty and the volatility that we have been seeing in the
electricity and the gas market has been beneficial to Enron," said Enron's
Skilling.
California's situation is rather unique, he said. Skilling expects
Californian electricity markets will improve as supply and demand fall into
balance and other technical market questions are resolved.
Although Enron posted strong earnings across the board, it is getting clearer
that the company will look to divest itself of some of its international
assets.
According to a source familiar with the company, Enron recently completed an
analysis of its assets with the intent of identifying underperforming assets
and improving capital efficiency. As a result of the analysis, some assets
were marked for sale.
Skilling admitted the company would like to monetize some of its
international assets, but he wouldn't say which assets are on the auction
block.
However, it is unlikely Enron will sell its international gas pipelines
because the assets receive a solid rate of return, Skilling said.
One asset that could be divested is Enron's Dabhol Power Project in
Maharashtra, India, said analysts. Other power plants in Italy and Turkey
also seem like logical candidates for sale.
"I think it makes a lot of sense for Enron," said Salomon's Niles. "Enron is
moving into markets where they are relying on intellectual capital rather
than physical capital," he said. Following this logic, assets such as the
India power plant don't make as much sense as they once did.
In some cases, the international assets are in countries that didn't open to
competition as expected, explained Zach Wagner, an analyst at Edward Jones.
Since deregulation has been fueling Enron's growth, it only makes sense that
the company concentrate on open markets.
Furthermore, Wagner believes the money Enron will raise in the asset sales
could be re-deployed to fund projects such as the company's venture with
Blockbuster Inc. (BBI) to provide movies on demand via high-speed telephone
lines.

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

Nick Utton Joins The New Power Company as Managing Director and Chief
Marketing Officer

10/17/2000
PR Newswire
(Copyright (c) 2000, PR Newswire)

GREENWICH, Conn., Oct. 17 /PRNewswire/ -- The New Power Company(TM) (NYSE:
NPW), the first national residential and small business energy provider,
today announced that Nick Utton has joined the Company as Managing Director,
Chief Marketing Officer, reporting to the President and Chief Executive
Officer, H. Eugene Lockhart.
Prior to joining The New Power Company, Mr. Utton, 43, was Chief Marketing
Officer of MasterCard International. Mr. Utton joined MasterCard in 1996 and
played an integral role in the creation and development of MasterCard's
successful "Priceless" advertising campaign. He was responsible for brand
building initiatives and marketing integration that included overseeing
global advertising, product development programs and sponsorships and
promotions.
James Badum, 40, who had served as Chief Marketing Officer prior to Mr.
Utton's arrival, is assuming the role of Managing Director, Strategic
Planning.
During his career Mr. Utton has served as Senior Vice President,
International Marketing at Revlon International, Marketing Director for
Cadbury Schweppes as well as various product management positions at
Bristol-Myers Squibb Company, Richardson-Vicks Inc. and Unilever.
Mr. Utton holds a Bachelor of Commerce in Business Administration and
Marketing from the University of Natal in South Africa and a Bachelor of
Commerce Honors Degree in Business Economics from the University of South
Africa. Mr. Utton and his family are residents of Greenwich, Connecticut.
The New Power Company was formed in May 2000 to provide electricity and
natural gas directly to households and small businesses in the deregulated
energy marketplace. The company draws on the expertise, experience and market
strength of such industry leaders as IBM, AOL and Enron to bring savings and
efficiencies to energy consumers.

/CONTACT: Gael Doar, Director of Communications of The New Power Company,
203-531-0400, ext. 658, or gdoar@newpower.com/ 13:46 EDT

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

   BROADCAST TRANSCRIPT

    Date      October 17, 2000
    Time      09:30 AM - 10:00 AM
    Station   CNNfn
    Location  Network
    Program   Market Call

              Alan Chernoff, anchor:

              And certainly we do have some encouraging numbers this
              morning from Enron, posting very impressive numbers.  The
              nation's-largest buyer and seller of electricity and
              natural gas says revenues jumped one hundred fifty-four
              percent in the third quarter to thirty billion dollars.

              Enron did earn thirty-four cents a share, beating estimates
              by two cents and the year ago quarter by seven cents.  The
              company has shed its image as a stodgy utility.  It's
              building a broadband telecom network, as well as beefing up
              its on-line presence to trade everything from metals to
              coal.  Investors have been responding positively, pushing
              the stock up as high as ninety.  In fact, the stock this
              morning trading at eighty-two I see, up two points.
              (Graphic:  Enron (ENE) one-year stock chart)

              And joining us right now from Houston to talk about the
              latest numbers and tell us what other changes are in store
              is Jeff Skilling, president and chief operating officer
              over at Enron.

              Jeff, congratulations this morning on your earnings report.
              So much has been made about your move into broadband but
              that's one area where you are still losing money, twenty
              million during the last quarter, correct?

              Jeff Skilling (President, Chief Operating Officer; Enron):
              Well, David, it's a start-up business so we expect that
              over the next couple of years we will lose money in our
              bandwidth business.  But we see in two, three years out in
              the future that that's likely to be a very significant
              business for us.

              Chernoff:  Mr. Skilling, let me add a question about the
              Internet business because that is one area where Enron does
              seem to be doing extremely well.  You guys are trading
              energy right now, you're trading a whole bunch of other
              products right over the Internet.  How's it going and
              what sort of expansion do you see over there?

              Skilling:  Well, as you mentioned, we had a big, big
              up-tick in revenues and I think a large portion of that is
              due to our on-line transaction business.  Since we brought
              it on-line last November--November 29, we've done over a
              hundred and eighty-five billion dollars of transactions, so
              it's been a big piece of the activity this year.

              David Sowerby (Guest Host, Loomis, Sayles):  Je--Jeff, the
              remarkable performance of your stock price in the last year
              and a half, two years, your price-to-earnings ratio is
              about--almost sixty times earnings.  The average utility is
              trading at about twenty-five times earnings.  What do you
              tell the investor today who's thinking about adding to
              Enron with--with such--with such a high P/E ratio relative
              to your peer group?  (Graphic:  Enron Corp.  *Market Cap:
              $59.3b *52-week high:  90 *52-week low:  34 7/8)

              Skilling:  Well, a--a big portion of the P/E ratio is the
              result of our broadband business.  If you take out the
              portion of our--our equity valuation that's related to
              broadband, which is not generating any earnings, and look
              at just say our wholesale business, our wholesale business
              is selling for about a twenty-five to thirty multiple.  So,
              we think, given the growth rates that we're seeing in the
              energy business and our wholesale business, that we have
              some significant upside on that valuation which we think
              will push our stock up overall.  (Graphic:  Enron ??
              Markets and trades:  *Electricity *Natural Gas *Other
              commodities *99 revenues:  $40b)

              Chernoff:  Well, Jeff, let's talk about that broadband
              aspect 'cause as you say, the market certainly is giving
              you a lot of credit for that but at the same time, over the
              past few weeks, there's been a debate on Wall Street as to
              whether we might actually be entering a broadband glut.  Is
              that a fantasy?  (Graphic:  Enron ??  *No.  1 U.S.
              buyer/seller of natural gas (Provides energy consulting,
              construction & engineering services))

              Skilling:  No, I think that's a very real possibility.
              (Graphic:  Enron ??  *Subsidiary Enron Broadband Services
              building national fiber-optic network)  And, in fact, we've
              designed our business to take advantage of that.  You know,
              if you--if you look at the history of Enron, we created
              markets for natural gas and electricity when those markets
              were in massive over-supply.  And we some of the same
              characteristics in the--in the broadband business which is
              why we've begun building the capability to transact real
              time bandwidth so that when the market prices do decline,
              and I believe they'll decline pretty significantly, we'll
              be in a position to make that--that lower cost capacity
              available to our customers.  (Graphic:  Enron ??
              Commodities traded:  *Paper *Coal *Chemicals *Fiber-optic
              bandwidth)

              Chernoff:  And in terms of data storage, I know you're
              looking at that area.  Are you guys pla--planning to go
              head-to-head with EMC?  What's going on over there?
              (Graphic:  Enron ??  *32,000 miles of gas pipeline
              (Fortune Magazine:  Ranked "Most Innovative Co." past 5
              yrs))

              Skilling:  Well, it just seems like more and more
              businesses are turning into commodity businesses and that's
              what we do.  We create markets for commodities and I--I
              wouldn't be at all surprised if you see data storage turn
              into a commodity where you'll be able to buy and sell it
              just like you buy and sell pork bellies on the--on the
              Exchange.  (Graphic:  Enron ??  Top Competitors:  *AEP
              *Duke Energy *UtiliCorp)

              Chernoff:  OK.  Jeff Skilling of Enron.  Thank you very
              much and congratulations on a great earnings report.

              Skilling:  Thank you.

                        # # #


Just wanted to check in.  I just talked with Tim, and he seemed to be holding up ok,
in spite of it all.  I hope that you guys are able to salvage something out of all this.

Keep me posted.  Not sure what's next for you, but I'd be happy to talk with you about career options
whenever is convenient.  I'll be in NY next week and the week after, and would be happy
to catch up then.  My mom's phone number is 631 549 9254.
Talk to you soon!

Jon

--
Jonathan G. Koomey, Ph.D.
Staff Scientist, End-use Forecasting Group
E.O. Lawrence Berkeley National Laboratory
1 Cyclotron Road, Building 90-4000
Berkeley, CA 94720
JGKoomey@lbl.gov,  http://enduse.lbl.gov
510/486-5974 w
510/486-4247 fax
510/486-6996 alternate fax


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


Richard,

I have just received and reviewed the pleadings file from our local counsel
and need to amend my previous e-mail.  On June 29 (rather than June 26), Base
Metals obtained its ex parte attachment order.  Apologies for any confusion.

Britt

----- Forwarded by Britt Davis/Corp/Enron on 09/19/2000 02:16 PM -----

	Britt Davis
	09/19/2000 10:56 AM

		 To: Richard B Sanders/HOU/ECT@ECT
		 cc: Marcus Nettelton/NA/Enron@ENRON, Martin Stanley@MGLTD,
arthur.taylor@mgnah.com, Deborah Shahmoradi/NA/Enron@Enron, Becky
Zikes/Corp/Enron@ENRON, Charles Cheek/Corp/Enron@ENRON, jw1000mac@yahoo.com
		 Subject: Base Metals v. OJSC

PRIVILEGED AND CONFIDENTIAL:  ATTORNEY-CLIENT COMMUNICATION, ATTORNEY WORK
PRODUCT

Richard,

This is to acknowledge receipt of and thank you for the above-referenced new
matter, which concerns a third-party attachment of a load of aluminum worth
about $6 million and owned by MG Metals.  I read the file you gave me and
have spoken with Arthur Taylor, the in-house attorney for MG USA who was
monitoring this file, Tim Mullin and Scott Haiber, our outside counsel at
Miles & Stockbridge in Baltimore, and Martin Stanley, the London trader whose
deal this was.  I will shortly be receiving a complete copy of Miles &
Stockbridge's correspondence and pleading files.  You have already sent to me
various e-mails in this matter, which I understand that Martin had forwarded
to you.

      FACTS AND STATUS

Briefly stated, the significant facts are as follows.  On June 26, Base
Metals obtained an ex parte attachment order from the U.S. District Court for
the District of Maryland, Northern Division, for a cargo of aluminum
previously purchased by MG Metals from a third party and being discharged in
the Port of Baltimore.  Base Metals contends that the attachment was required
because (a) the aluminum was actually still owned by OJSC, a Russian smelter
and the only named defendant in the underlying suit, or (b), that the
aluminum had been fraudulently conveyed to MG Metals.  However, MG Metals has
never been listed as a defendant in the case.  The aluminum was in fact
attached by Base Metals, per the order.

The underlying lawsuit by Base Metals, a trading company, against OJSC, the
Russian smelter, seeks to confirm an international arbitration award obtained
in Moscow late last year of approximately $12,000,000. That arbitration
reportedly arose out of the breach by OJSC of a long term output contract
between OJSC and Base Metals, pursuant to which Base Metals apparently had
the right to market most or all the production from OJSC.   That breach has
reportedly put Base Metals virtually out of business.  OJSC has reportedly
very recently been served by Base Metals with the Maryland federal lawsuit,
but has not appeared.

On July 7, the Court granted MG Metal's emergency motion to allow the sale of
the aluminum, provided that the sale proceeds were placed into an interest
bearing escrow account.  Reportedly, all the previously-attached aluminum has
been sold, and approximately $2.5 million of sales proceeds have been
deposited into the escrow account. Additional sale proceeds are anticipated
to be deposited in the near future, with the total running in the range of
about $5.5-6 million.

On July 20, MG Metals served a motion to vacate the order establishing the
escrow account, and a request for an expedited hearing.  The first reason set
forth in the motion is that Base Metals could not prove that OJSC owned the
metal, given that  MG Metals is shown as the shipper on the relevant straight
bills of lading, has all the necessary purchase and sale documents from an
intermediate buyer, and has reportedly paid fair market value to that
intermediate buyer for the aluminum.  The second reason is that MG Metals'
solvency obviates the need for an escrow account.

 Base Metals has filed a response, with supporting affidavits, contending
that the aluminum was fraudulently transferred to MG Metals,and that MG
Metals was actually aware of this.  This awareness allegedly arose at least
in part as the result of a warning from a representative of Base Metals to a
representative of MG Metals about the takeover of the Russian smelter through
a corruption of the Russian bankruptcy process by Russian competitors in the
metals business.
For strategy reasons, even though MG Metals advises that this conversation
never took place and that  all it was aware of were rumours that frequently
come out of Russia, MG Metals has not chosen to file affidavits controverting
its alleged knowledge.  This is because Base Metal's lead law firm in
Philadelphia is composed primarily of Russian immigrants and appears to be
tied to a law firm located in Russia.  Clearly Base Metals is better prepared
than us to obtain information from Russia.  For that reason, we are trying to
keep turning this case into a swearing match about what MG Metals knew was
happening in Russia by focusing on other arguments, such as the solvency
argument.

Along these lines, MG Metals will also shortly file a supplemental pleading
arguing that Base Metals failed to effect service on OJSC within the 60-day
time period allowed under the applicable Maryland attachment procedure,
voiding the attachment.  The service issue is not as strong as the solvency
argument,  as there is no Maryland law that holds that the failure to serve
process within the 60-day period on the defendant in the underlying suit is
in fact lethal to an attachment related to that suit.  Based on the solvency
argument, Miles and  Stockbridge believe that MG Metals has a better than
even chance of prevailing on its motion to vacate the escrow account.

The Court's ruling on the attachment issue is obviously pivotal to us in this
matter.  I will report immediately once the Court rules.

Parenthetically, Mark Gately, the Miles & Stockbridge partner originally on
this file, has left that firm for the Baltimore office of Hogan & Hartson.
Martin has asked that the file stay with Miles & Stockbridge (the partner in
charge will now be Tim Mullen), and that Mark, who signed all the pleadings
and attended all the hearings to date as MG's first chair attorney, be used
as necessary, but that we not be charged for two law firms. In speaking with
Tim Mullin, the partner in charge now at Miles & Stockbridge, I am not sure
that he is aware of the last caveat re not being charged for two law firms,
although he mentioned that he would recommend that Mark be involved for no
more than one more hearing, after which his presence would not be necessary.

You should also be aware that Base Metals has filed proceedings to confirm
the arbitration award and attach aluminum from OJSC elsewhere in the U.S.
The aluminum involved in the other proceedings is not owned by MG Metals.
According to Martin, Base Metals (being virtually out of business) does not
have a lot of money to pursue litigation.

I would be grateful if Martin and/or Arthur would correct me if any of the
foregoing is in error.

With regard to further reporting, I understand that I am to keep you, Marcus
and Martin closely advised.  I am awaiting confirmation from Arthur that he
is agreeable to transitioning out of the file, under which circumstances he
will not be included in any future reports (and Arthur, if my understanding
is incorrect, just let me know).

Britt


This deal has an NP delivery point with firm energy.  Let me know when it is
corrected.

Thanks!


got whalley's for today at noon.  can you go?


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 02/24/2000
05:20 PM ---------------------------

Scott Adams <dilbertnewsletter@unitedmedia.com> on 02/18/2000 04:33:02 PM
To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: Dilbert Newsletter 29.0

Dilbert Newsletter 29.0
------------------------

To:     Dogbert's New Ruling Class (DNRC)
From:   Scott Adams (scottadams@aol.com)
Date:   February 2000

   Highlights:
  ------------------------------------------------
  - Stop the Vote Campaign
  - Dilbert TV Show Update
  - True Tales of Induhviduals
  - Dogbert Answers My Mail
  - Dilberitos
  ------------------------------------------------

Stop the Vote Campaign
----------------------

It's a presidential election year in the United States, and that
means it's time for me to "get involved."

This year I'm organizing a "Stop The Vote" campaign aimed at
preventing Induhviduals from casting ballots.  I'll borrow a
strategy used by all politicians: hallucinations of what the
Founding Fathers intended.

As you know, people were very wise in the 1700s. Unfortunately,
something happened that made us all idiots.  I blame television.
That's why we prefer to make our important decisions on personal
freedom based on the wisdom of dead, slave-owning dandies instead
of using our own defective brains.

We have no recordings of the Constitutional debates, but I'm sure
it went something like this:

---- Re-creation ----

Jefferson:  We haven't put anything in the Bill of Rights about
genetic manipulation, Internet encryption, in vitro fertilization,
or mandatory drug testing.

Adams: Just say "et cetera."  No one is going to read it anyway.

Hancock: Let's include something to encourage public nudity.  Cable
TV won't be invented for years and I can't wait that long.

Jefferson:  Okay.  I'll call that the right to bare arms.

Franklin:  That might be misinterpreted.

Jefferson:  Who's the world-class writer here?  I keep your stupid
Almanac next to my chamber pot, and I don't mean for the reading.

Franklin:  I am soooo sorry for making a suggestion.  By the way,
your house slave "Jeff" has your eyes.

All:  HA HA HA HA HA HA!!!

Adams:  You're all a bunch of asses.  I think you're giving me an
embolism.

Jefferson:  You have the right to ass-embolisms.  Hey, maybe I
should include that.  How do you spell it?

Dilbert TV Show Update
----------------------

According to my e-mail, many Dilbert TV fans tape the show so they
have permanent copies in their tape libraries.  While Dilbert is
being taped, they watch other shows that are not tape-worthy.
Unfortunately, only live viewing of TV shows counts for ratings.
This isn't a problem for some TV shows, like "Wheel of Fortune,"
because their viewers use VCRs to crack nuts.  But the mathematical
sets of "people who can program VCRs" and "people most likely to
watch 'Dilbert'" are almost the same.  This has been a problem.

The episode airing February 22nd (9:30 PM EST) in the USA will
probably determine whether the Dilbert show gets renewed.  That's
the episode featuring Jerry Seinfeld as the voice of Comp-U-Comp,
an evil computer who has taken over a company and fired everyone
except the guy who guards the electrical plug.  Eugene Levy plays
the plug guard.

Jerry's lines are mostly written by Larry Charles, one of the
original writers for Seinfeld, now Executive Producer for Dilbert.
So if you liked Seinfeld, this is the closest thing you're going to
get.

And if you know any Induhviduals who are in Nielsen families this
month, please tell them that there's some sort of "millionaire
prize" for watching "Dilbert" and answering questions posed by the
voices in their own heads.

Dilbert Episode Airs On the Internet
------------------------------------

As part of our overall pimping for the Seinfeld voice episode,
we're putting an entire show (The Merger episode) on the Internet
in streaming video, starting February 17th and running through
February 29th.  You can find links to it at
www.dilbertondemand.com.  You need the Windows Media Player, which
you can download from the site.

As far as we know, this is the first television cartoon show
streamed over the Internet in its entirety.  We made sure we didn't
research that fact too thoroughly so we could honestly say, "as far
as we know."

You'll need a reasonably fast connection, but you can view the
entire show, in bite-sized chunks, at your leisure.  Don't settle
for mere bragging about your DSL or cable modem connection;
DEMONSTRATE your digital superiority!  Invite a neighbor who has a
pitiful 28.8 modem over to drool on you.  If you wear a raincoat,
it's a strangely satisfying experience and you can hose it off
later.

If you know anyone recently involved in a merger, the Dilbert
episode on the Internet (The Merger) is the one they'll want to
see.  Find out what's in store for companies who seek "synergy."

True Tales of Induhviduals
--------------------------

I begin the True Tales section with a personal sighting.  I
recently came upon a local road that was closed for improvements.
Signs warned "Road Closed" and "Bridge Out."  As I turned around to
head for the detour, another motorist waved me down.  We rolled
down our windows and he shouted, "Do you think we should just move
the barricades and go for it?"

I don't know how fast one must drive in order to compensate for a
"Bridge Out" situation, but I decided not to try it.

True Tale 2
-----------

Some of our corporate policies have been rewritten.  Here's an
example from our expense reporting procedures.

"Receipts are required for all expenditures of $25 or more and, in
addition to this, receipts for a lesser amount are also required."

Editor's note: It sounds as if some of the people in the HR are
idiots and, in addition to this, the rest of them are too.

True Tale 3
-----------

We received a letter from the Environmental Protection Agency
stating that unless we provided answers to their outstanding
questions within two weeks they would recommend that our power
plant construction project not proceed.

Apparently they failed to notice that, a) we already answered the
questions, b) their approval had already been issued and, c) the
$600 million power plant had been built nearly two years ago.

Editor's note: If those are the sort of questions the EPA calls
"outstanding" I'd hate to hear their dumb ones.

True Tale 4
-----------

We had a Christmas raffle in the "Business Intelligence"
department.   The boss drew a number and called it out.   The
department statistician stood up to tumultuous applause and went up
to collect his prize.  Meanwhile, another employee -- who turned
out to be the real winner -- stood up to collect that same prize.
Upon investigation, the statistician for Business Intelligence had
confused ticket 593 for 539.

Editor's note: On the surface it looks as if the statistician is a
boob.  But he's the only one in the room who realized that 39% of
the time the real winner isn't present to win.  I suspect he's a
DNRC member just playing the odds.

True Tale 5
-----------

When a project is finished in my department we place a red dot
sticker on the folder to signify its completion.  One day we ran
out of red dots but still had a large supply of green and blue
dots.  Dots weren't used for any other purpose so I suggested using
the ones we have, despite their non-red color.  Color was
insignificant.  There were only five of us in the group, so
communicating the change would be easy.

My money-saving suggestion was met with resistance from cow-orkers.
 They pointed out that we've "always used RED dots" and maybe I
should check with the department manager.  I mentioned my idea to
the manager and he said I should "bring it up at the next staff
meeting."

Editor's note: Ironically, it's not a dot.com company.

True Tale 6
-----------

I paid for lunch with a credit card.  The manager put it through
the electronic card machine and got a "no dial tone" error.  She
tried again with the same result.  Then she asked me if I had
another card.

Editor's note:  That's exactly why you should pay for your lunch
using a phone company calling card.  They have dial tone.

True Tale 7
-----------

We tested our Y2K power contingency plans a few weeks before New
Year's.  The Induhviduals in IT didn't expect any downtime, so the
test was performed during the normal work day.  The idea was that
when power was cut, the six generators would kick on and we
wouldn't notice a thing.

Three generators failed to start. Two threw their breakers due to
the high load on them.  The last was overwhelmed when the previous
two cut out and threw a tremendous surge through the lines, blowing
up hundreds of light bulbs, frying fax machines, radios and pencil
sharpeners along the way.   The surge jumped circuits in our
industrial level surge protector and traveled through our "surge
protected" lines to every desktop in the company plus the server
room.  After taking out over a hundred monitors and almost forty
PCs, the surge proceeded to destroy our server room air
conditioner, four huge UPS systems, thirteen servers and both
AS/400s.  Several small fires started throughout the building,
including our now half-melted Christmas tree and our
molten-menorah.

The surge then jumped the lines into the main power grid, blowing
up two transformers, one of which fell on the IT manager's car
(poetic justice) and cutting power on the entire block.  The
remaining generator then proceeded to burst into flames, eventually
blowing up all six generators and burning up seven cars.

This all occurred within about thirty seconds and sent 38 people to
the hospital, cost the company over $650,000 in equipment (not to
mention the impending lawsuits), destroyed eight cars and caused
weeks of downtime.  Three people quit the company.  One woman is
still in the hospital with electrical burns.  The resulting
publicity got us on television in five states.

Editor's note: That story sounds too amazing to be true but I'm
printing it anyway under the theory that there's no such thing as
bad publicity.

True Tale 8
-----------

Our university library just got new computers. The library
thoughtfully provided headphones so students can listen to sound
files without disturbing anyone nearby.   The problem is the
headphone cords have been clamped to the desk in such a way that in
order to use them, you must have your head no more than six inches
from your keyboard. It is great fun to see the stu-duh-nts trying
to use them.

True Tale 9
-----------

I went to a Georgia DMV office to obtain a driver's license.
Customers are required to produce two pieces of ID.  I presented a
utility bill and a copy of my latest tax return, both acceptable
types of ID according to their published list.

The agent behind the counter said she could not accept my tax
return as ID because it was typed.  She said, "How do we know this
is legitimate?  Anyone can get a computer or typewriter to produce
this return."  I argued, unsuccessfully, that it was also easy to
obtain pens and pencils to create hand-written returns.  I was told
to come back with a hand-written return or another acceptable form
of ID.

True Tale 10
------------

I went to a fast-food restaurant one morning for breakfast.  The
moment I opened the door, I was almost swept off my feet by an
overpowering odor of gas.  I struggled up to the counter out of a
vague sense of duty, and said  "You've got an enormous gas leak
back there somewhere!" gesturing towards the kitchen.

The girl behind the counter shrugged and said, "Yeah, I know, but
I've been here since seven o'clock and I've gotten used to it."

True Tale 11
------------

I went to ask our new principal if we could have the Monday before
finals off as a study day.  We had always gotten a study day in the
past but it wasn't on the schedule this time.  He thought for a
second and then responded, "No, you have school that day."

True Tale 12
------------

About a year ago I went to buy a video for a friend's birthday.
The video was rated for adult viewing only.   I was 15 years old,
but they sold it to me anyway.

When I got home I found out that my friend wanted the sequel, not
the original, so I took it back to the store.  The video clerk said
he couldn't return the video because I didn't look 18.

I was confused, so I attempted to clarify.  "So, because I don't
look 18 you're going to MAKE me take this ADULT-rated video, rather
then let me change it for the sequel that is NOT ADULT-rated?"

"Yeah, it's company policy.  If it changes we'll be in touch."

Eventually I convinced him he was breaking the law by selling me
the adult video instead of letting me exchange it for the non-adult
one.   As I left, the guy behind the counter yelled at me, "Next
time, don't watch the video first!"

It was still in its shrink-wrap.

Dogbert Answers My Mail
-----------------------

In this section, Dogbert answers my mail.  These are based on real
e-mail to me.  Some names have been changed to make them easier to
mock.

Dear Mr. Adams,

You were duped in your last newsletter.   Someone submitted a
supposedly True Tale of Induhviduals about a little boy and a
pager.  That is actually an urban legend more than twenty years
old.  Shame on you for falling for that.

        Jim,

Dear Chimp,

Just because it's an urban legend doesn't mean it didn't happen.
In fact, just this morning Mr. Adams woke up in a bathtub full of
ice and found a note saying one of his kidneys was missing.  It
wasn't stolen; he got talked into donating it to a celebrity
auction for the National Ear Hair Foundation.  I'm working with him
on learning to say no.

        Sincerely,

        Dogbert

----

(Note:  In this next letter, some expletives have been replaced by
asterisks)

Dear Mr. Adams,

Your stupid ******* comic strip is a piece of ****.  Give up
cartooning and **** my ****, you *******  ****-******.

        (Anonymous)

Dear Esophagus,

There is no call for such language.  If you do it again, it will be
your "*."

       Sincerely,

       Dogbert

---

Dear Mr. Adams,

No offense, but no one will cry when you die because Dilbert is
just some goofy guy. Some of the biussness (sic) stuff is HARD to
understand and it isn't something that you can feel like you know.
Dogbert is so egotistical whereas Snoopy is so easy to know, and
Charlie Brown is not some GOOFY guy, if you know what I mean.

      Marshall

Dear Marsupial,

No offense taken. Now if you'll excuse me, I have to get back to
"buissness."

      Sincerely,

      Dogbert

---

Dear Mr. Adams,

What is that round black thing on Dogbert's face?  My friend says
it's his mouth but I say it's his nose.

      Floyd

Dear Flawed,

I get this question often, thanks to Mr. Adams' prodigious artistic
range.  Allow me to clarify some of the shapes in the Dilbert
strip.  In general, the black circles are dog noses.  The black
ovals are mouths.  Rectangles are desks or sometimes computers.
When the ovals are turned the other way and are not filled with
black they are glasses.  Everything else is random.

I have already requested a transfer to "For Better or For Worse."
The dog mortality rate there is high, but I'm willing to take the
chance.

      Sincerely,

      Dogbert

Dilberitos
----------

If you're wondering where to find those delicious and
coincidentally-vegetarian Dilberitos that have 100% of your daily
values of vitamins and minerals, they're in grocery stores now, in
the frozen food section.  Check www.dilberito.com for store
details.

I can't guarantee that eating Dilberitos will help you live long
enough to dance on the graves of all your enemies (an excellent
aerobic exercise), but it's worth a try.

Dilbert Fodder
---------------

What's bugging you about your job?  Let me know and you might see
it in a Dilbert comic, TV show or newsletter.  The best comic
fodder involves workplace peeves, devious strategies, frustrations
of dealing with others, conflicting objectives, unintended
management consequences, and of course my favorite - idiot bosses.

And I love True Tales of Induhviduals.

And if you're seeing any new management trends that need to be
mocked, I can help.  Send your suggestions to me at
scottadams@aol.com.  Short ones are better.

Cubicle Art
-----------

The Dilbert Zone is now accepting submissions of cubicle art: art
made from things you have around the office, or decorated cubes, or
"theme" cubes. Toward the end of March, the best ones will be
posted in the DNRC area at www.dilbert.com. Submissions will only
be accepted by e-mail, and must be in gif or jpg format, 50K or
less. E-mail cubicle art submissions to cubeart@unitedmedia.com.

All submissions will be governed by the terms of use posted at
www.dilbert.com.

Exclusive DNRC-only Offer - while supplies last!
------------------------------------------------

Now through February 27th, take advantage of these special offers:

Spend $10.00 in The Dilbert Store and receive a free Dogbert Tech
Support Mug and a free 25-minute phone card.

Spend $35.00 in The Dilbert Store and receive a free Boss Pen
Holder with Dilbert Pen, a free Tech Support Mug and a free
25-minute phone card.

These DNRC offers will not be announced in the Dilbert Store. To
get them, you need to follow this DNRC-only link:
http://www.umstore.com/dilbert/dnrcspecial.htx

This year's Dilbert calendars are back in stock. Buy yours now
before they're gone for good!

In addition to the DNRC-only offers, enjoy great discounts on the
following products:

Dogbert "You're Next on My List of Things to Ignore" Cap - $7.99
http://www.umstore.com/dilbert/inventory.htx?item=2601-11005

Ignore Y2K Bug T-shirt - $9.99
http://www.umstore.com/dilbert/inventory.htx?item=2601-10019

Character Picture Frame - $8.99
http://www.umstore.com/dilbert/inventory.htx?item=2601-12014

Young Dilbert CD-ROM - $14.99
http://www.umstore.com/dilbert/inventory.htx?item=2601-14001

(Offers are limited to one DNRC bonus per order, but regular
Dilbert Store freebies will be added if the order amount qualifies
for them.)

How to Subscribe to the Dilbert Newsletter
------------------------------------------

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Scott Adams
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Please do not reply to dilbertnewsletter@unitedmedia.com


This is a Return Receipt for the mail that you sent to bill@mondes.com.

Note: this Return Receipt only acknowledges that the message was
displayed on the recipient's machine. There is no guarantee that the
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Thanks for the documents.  If OK w you, I will look at during my flight on
Sunday and will call you on Monday am  if I have any comments.  If this isn't
OK, please leave me a voice mail and I will try to review earlier.

Thanks
Elizabeth
713 853 6349

PS - Chris, I agree with your  comment re the EEI copyright  and references -
I'm not sure what the right answer is - do you want to continue calling it
an""EEI Canada"?  Is that OK with EEI? Do you think we should rename it in
the name of the organization that "approves" it?  Is that OK w EEI?  Maybe
you should discuss at meeting and then we can discuss with Andy from EEI to
get EEI's approval/consent.


You gotta go.

	Susan Scott/ENRON@enronXgate
	04/26/2001 03:49 PM

		 To: Jeff Dasovich/NA/Enron@Enron
		 cc:
		 Subject: RE: FW: Government Affairs Meeting

I want to go whitewater rafting!
Forget the power traders.  I'll just call in sick.

 -----Original Message-----
From:  Dasovich, Jeff
Sent: Tuesday, April 24, 2001 2:27 PM
To: Scott, Susan
Subject: Re: FW: Government Affairs Meeting

The "big" meetings, which happen about every quarter, are de rigeur.  The
summer "big" meeting is an absolute must (and generally very fun).  I'll be
there.

Hope you're there, too.

Best,
Jeff


Hello Mr. Fastow,

Sheridan Titman from UT-Austin and I are both delighted you will be able to
participate in the conference we are organizing here at Rice.  Attached is
a revised overview of the organization - the second page contains an
up-to-date list of the firms involved.

Also, I'm attaching a draft of the actual program.  After each
presentation, I have a panel of three or four people who will can respond
to some of the points or issues raised in each discussion.  These remarks
will be very informal and ad hoc and thus should require no preparation on
your part.  Reaction to this format has been good and I think it will be a
great way to stimulate discussion/debate.

I have you penciled in to serve on one such panel on Saturday morning, May
5.  The topic deals with handing the dilution arising from executive stock
options and involves the top academic expert on executive stock options,
David Yermack from NYU.

Let me know if you have any concerns about this or if a conflict
arises.  Also, I will be e-mailing some registration materials to you in
the next week.

I look forward to seeing you soon.

Dave Ikenberry.

At 11:20 AM 2/26/2001 -0600, Vince.J.Kaminski@enron.com wrote:

>Andy,
>
>  Thanks. I shall forward  your message to
>Prof. Ikenberry.
>
>Vince
>
>
>
>
>
>From: Andrew S Fastow/ENRON@enronXgate on 02/22/2001 01:45 PM
>
>To:   Vince J Kaminski/HOU/ECT@ECT
>cc:
>Subject:  RE: The National Forum on Corporate Finance
>
>Vince:
>
>I would be interested in participating.  Thanks.
>
>Andy
>
>     -----Original Message-----
>    From:   Kaminski, Vince
>    Sent:   Monday, February 05, 2001 10:23 AM
>    To:     Andrew S Fastow/HOU/ECT@ENRON
>    Cc:     Kaminski, Vince
>    Subject:  The National Forum on Corporate Finance
>
>    Andy,
>
>    I am sending you a draft oof a proposal regarding national forum for top
>    finance practitioners and
>    academics. The idea came from a professor at Rice University who
>    has already received a commitment from a number
>    of most distinguished CFOs.
>
>    Please, read the outline and see if you would be interested in joining
>    this forum.
>    I shall be glad to help to arrange  a meeting with Prof. Ikenberry.
>
>    Vince
>
>
>    ---------------------- Forwarded by Vince J Kaminski/HOU/ECT on
>    02/05/2001 10:22 AM ---------------------------
>
>    (Embedded image moved to file: pic26299.pcx)
>    David Ikenberry <daveike@rice.edu> on 02/02/2001 06:10:02 PM
>
>    To:  "vkamins@ennron.com" <vkamins@enron.com>
>    cc:
>    Subject:
>
>
>    It was great talking with you.
>
>    Dave
>     - brochure.doc << File: brochure.doc >>
>
>
>    ***********************************
>    Prof. David Ikenberry
>    Jones Graduate School of Management
>    Rice University
>    713-348-5385
>
>
>
>
>

 - brochure.doc
 - May4-5program_nfcf.doc

***********************************
Prof. David Ikenberry
Jones Graduate School of Management
Rice University
713-348-5385


I liked him alot. Seems ready, willing and able to make a move. What are your
thoughts? Rick


Hi all,

Just a friendly reminder to forward me names of those you'd like to place on
the ETC Action Teams if you haven't already done so.  Also, please remember
to specify whether you're placing someone on the Global team or the Corporate
team.

Attached are the meeting notes for your reference.

Thanks,
Kim Rizzi
x3-3833


Happy to help.  But I'm not sure for what you are asking.

Jeff

From: Cindy Derecskey@ENRON on 12/01/2000 02:25 PM
To: Jeffrey A Shankman/HOU/ECT@ECT
cc:
Subject: Harvard Business School

Good afternoon Jeff,

Cindy Olson referred me to you, suggesting that you would have the
information mentioned below.  Enron University Affairs, Ken Lay, Jeff
Skilling, Andy Fastow and Gene Humphrey have been working with Harvard
Business School, specifically Chris Bartlett and Meg Wozny of Harvard, on a
case study of Enron.  This study is in its last phase and the only
'roadblock' is gathering additional information.  In particular, Harvard
would like information on the 'size and growth of the risk management group'.

This information will help facilitate drawing an effective comparison of the
'old' Enron and the 'new' Enron.

Let me know if you need any additional information.

Regards,

Cindy Derecskey
University Affairs
Enron Corp.

x 3-5670


O:\Portland\WestDesk\Middlemarket\Administrative_Info\Coverage\Chris Foster\Fixed PRice Business\2001\Sep01


Sally

I will be in Houston next week and was wondering if you could spare me some
time to talk about the back office for Australia. I am the CFO in Sydney and
am currently running the settlements work done down here and I would also
like to go over the results of the audit.

At the moment I have time available both on Wed and Thursday and would
appreciate it if we could meet up on either of those days if you are
available. (AC Romero in Cassandra Schultz's office is co-ordinating my
schedule). Carol Howes and I are meeting with Harry Bucalo on tuesday to look
at weather settlements issues so we can also address the related control
issues for this new product if that is convenient.

Thanks

Heidi


HI! No I have not heard anything . I'm still waiting...
---------------------- Forwarded by Judy Hernandez/HOU/ECT on 01/24/2000
03:50 PM ---------------------------

Shirlet Williams@EES
01/24/2000 12:54 PM
To: Judy Hernandez/HOU/ECT@ECT
cc:
Subject:

Have you heard anything about the reviews yet?


I am trying to distinguish these two types of entities both practically (what
are we able to negotiate) and legally (what do we really need in our
Schedule).  I am also interested in your experiences in dealing with these
parties.

 ENA's form of "municipal" Schedule ("the ENA Schedule") was essentially
taken from the 1992 ISDA U.S. Municipal Counterparty Schedule ("the ISDA
Schedule").  In addition to other provisions, the ISDA Schedule (1) adds reps
designed to avoid "an Orange County" type meltdown and (2) incorporates the
concept of "Incipient Illegality" (which occurs before the Termination Event
of  Illegality).  The "Incipient Illegality" concept is used  in Section
2(a)(iii) (obligations) as well as the Section 3 (reps) of the ISDA
Schedule:   the concept is added to the Section 3(b) rep ("..absence of Event
of Default, Potential Event of Default, Incipient Illegality...), and for
purposes of notifying the other party of its occurrence.  Interestingly
enough, the ENA Schedule does not include the Section 3(b) rep change.  I
think we need to add this change to ENA's Schedule.

With respect to IOUs, we need to clarify our position on "Regulatory
Development" (which is actually a watered-down "Incipient Illegality"
concept).  If such an event occurs, ENA should be advised of the event
(Notice).  But, does ENA really want the ability to terminate trades at
mid-market ("Additional Termination Event") or simply to have this event
included as part of a Section 3(b) rep such that the occurrence of the event
merely triggers an Event of Default at ENA's side of the curve (for breach of
the Section 3(b) rep)?

I have found that negotiating with IOUs for the "Notice" provision can be
difficult.  Extracting the Additional Termination Event is tough.  Arguing
for a Section 3(b) change may be easier (and would mirror the municipal
format).  I think ENA really needs the ability to decide when to halt trading
with a counterparty experiencing a Regulatory Development (which we may only
learn about through notice from the counterparty).  Thus, I recommend that
for IOUs, we add a notice provision and Section 3(b) rep change incorporating
our latest definition of "Regulatory Development."  But we really have to
negotiate for this protection.  Otherwise, why bother to include this
additional language?

What do you think?