S&P Lowers Enron Credit Linked Notes Trust Ratings; On Watch Neg
PR Newswire, 11/07/01

DJ CNBC's FABER REPORT: Enron/Dynegy Deal Talk
Dow Jones, 11/07/01

Enron in Talks With Dynegy That May Include Merger, CNBC Says
Bloomberg, 11/07/01

WSJ: Dynegy In Talks To Put About $2B Into Enron Now
Dow Jones News Service, 11/07/01
Enron Shares Fall on Concern About Finding Investors (Update2)
Bloomberg, 11/07/01

Enron Credit-Linked Note Ratings Reduced 6 Days Late (Update2)
Bloomberg, 11/07/01

Former SEC Chairman Levitt (Transcript of Interview)
Bloomberg, 11/07/01

USA: U.S. FERC watching Enron's impact on energy markets.
Reuters English News Service, 11/07/01
Apache Unwinds Most Gas Hedges; Cites Enron Uncertainty
Dow Jones News Service, 11/07/01
USA: Enron shares fall below $8 - set new nine-year low.
Reuters English News Service, 11/07/01
Enron's stock drops 25 percent
Associated Press Newswires, 11/07/01
Rabin & Peckel LLP Commences Class Action Against Enron Corporation and Certain of Its Officers and Directors, Alleging Violations of Federal Securities Laws
Business Wire, 11/07/01

Enron's power company in India calls off Singapore meeting after Indian lenders file lawsuit
Associated Press Newswires, 11/07/01
USA: El Paso says it does not expect Enron bankruptcy.
Reuters English News Service, 11/07/01

Energy traders are icing out Enron
Shares trade at 9-year lows for 2nd straight day
CBS.MarketWatch.com, 11/07/01

Legal Group Plans Suit to Void California Power Contracts
Bloomberg, 11/07/01

S&P Lowers Enron Credit Linked Notes Trust Ratings; On Watch Neg

11/07/2001
PR Newswire
(Copyright (c) 2001, PR Newswire)

NEW YORK, Nov. 7 /PRNewswire/ -- Standard & Poor's today lowered its ratings on Enron Credit Linked Notes Trusts' credit linked notes and placed them on CreditWatch with negative implications (see list).
The lowered ratings reflect the Nov. 1, 2001 rating action taken on Enron Corp., which was based on Standard & Poor's belief that Enron's plan to employ asset sales and other means to repair its damaged balance sheet will be insufficient to restore its long-term credit quality to the historical triple-'B'-plus level. The CreditWatch placements recognize the uncertainties that surround the company and its credit quality in the short run due to the possibility of further unanticipated developments in the capital markets.
These synthetic issues utilize a credit default swap that references Enron's senior unsecured debt and therefore the rating on the credit-linked notes will reflect the current senior unsecured rating of Enron. OUTSTANDING RATINGS LOWERED AND PLACED ON CREDITWATCH NEGATIVE
Enron Credit Linked Notes Trust
US$500 million credit linked notes
Rating
To From
Notes BBB/Watch Neg BBB+
Enron Credit Linked Notes Trust II
US$500 million credit linked notes
Rating
To From
Notes BBB/Watch Neg BBB+
Enron Euro Credit Linked Notes Trust
EUR200 million credit linked notes
Rating
To From
Notes BBB/Watch Neg BBB+
Enron Sterling Credit Linked Notes Trust
GBP125 million credit linked notes
Rating
To From
Notes BBB/Watch Neg BBB+

/CONTACT: Mary Ryan, New York, +1-212-438-2090, or Frank J. Trick, New York, +1-212-438-1108, both for Standard & Poor's/ 11:47 EST
Copyright ? 2000 Dow Jones & Company, Inc. All Rights Reserved.

DJ CNBC's FABER REPORT: Enron/Dynegy Deal Talk
2001-11-07 14:56 (New York)

  The following is a transcript of a report aired Wednesday by CNBC reporter
David Faber:

  Enron is in discussions with Dynegy about a range of options that include a
merger of the two companies.

  While such an outcome is only one of a number of options being discussed,
sources close to the talks tell me such an outcome is being considered.
  Enron is trying to raise equity capital and restore confidence amid the
complete collapse of its stock price.

  Today, the Houston-based energy trading concern's shares have fallen another
25%, while its bonds, perhaps a better barometer of the market's concerns about
credit quality, have shed roughly ten points.

  Enron will not comment. But sources close to the situation tell me the
company continues to speak with a handful of private equity firms about an
investment. Those talks are still in the early stages.
  Talks with Dynegy, a cross-town rival of Enron's that also markets and trades
energy, have progressed at a faster pace.

  Dynegy is unlike Enron in that it owns more hard assets, many of which came
along with the acquisition of Illnova, completed in 2000.
  While many potential acquirers have shied away from Enron due to continued
concern about unknown liabilities the company may have, Dynegy is very familiar
with its energy trading business.

  Dynegy is the number two player in the U.S. energy trading market and would
clearly become the dominant player were it to merge with or acquire Enron. A
Dynegy spokesman declined comment.

  While Dynegy has off-balance sheet financings that are similar to Enron's,
those financings are not guaranteed by the parent.
  It is such guarantees that have concerned Enron investors along with a series
of questionable investments.

  Given the massive decline in Enron's stock price, Dynegy now has a market
value that is twice that of Enron.

  That decline in Enron's stock price would make any equity infusion heavily
dilutive, if private equity firms were to choose to invest in Enron they would
likely do so in the form of a security that converted to equity and paid a
dividend.

  Still, because Enron now has a market value of only $5.3 billion, the roughly
$2 billion it may want represents an enormous percentage of its overall equity
value.

  Hence, discussion with Dynegy may have taken on the form of a merger, rather
than a strategic investment.

Enron in Talks With Dynegy That May Include Merger, CNBC Says
2001-11-07 13:39 (New York)

     Houston, Nov. 7 (Bloomberg) -- Enron Corp. is talking with
rival energy company Dynegy Inc. about a number of options,
including merger, to help it raise equity capital and restore
confidence, financial news network CNBC reported.
     Spokesmen for Dynegy and Enron declined to comment.

WSJ: Dynegy In Talks To Put About $2B Into Enron Now
By Robin Sidel

11/07/2001
Dow Jones News Service
(Copyright (c) 2001, Dow Jones & Company, Inc.)

Of The Wall Street Journal

NEW YORK -(Dow Jones)- Dynegy Inc. (DYN) is in advanced discussions to infuse about $2 billion into Enron Corp. (ENE) in a transaction that may lead to a full-blown merger between the two companies, sources familiar with the matter told The Wall Street Journal.
A formal transaction could be unveiled as early as Thursday, these people said. The situation is very fluid and is subject to change, these people noted.
(This report and related background will be available at the Journals' Web site, WSJ.com.)
Enron has been rocked by last month's disclosure of a $1.2 billion reduction in its equity base partly tied to financial dealings with company partnerships headed by Enron's former chief financial officer. Last month, it reported a third-quarter loss of $618 million. The Securities and Exchange Commission has launched a formal investigation into the matter. Last week, Enron secured $1 billion in new credit lines, using gas-pipeline assets as collateral.
Enron needs the infusion in part because its previously announced plans to raise cash through the sale of power assets is going more slowly than expected. Mostly, though, it needs to restore its credibility with Wall Street at a time when its access to the financing markets is drying up.
Enron shares recently traded down $1.57, or 16%, at $8.10. -Robin Sidel; The Wall Street Journal; 212-274-7991

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

Enron Shares Fall on Concern About Finding Investors (Update2)
2001-11-07 14:06 (New York)

Enron Shares Fall on Concern About Finding Investors (Update2)

     (Adds CNBC report on talks with Dynegy in fifth paragraph.)

     Houston, Nov. 7 (Bloomberg) -- Enron Corp.'s shares fell as
much as 28 percent, to their lowest level in more than a decade,
amid reports that the No. 1 energy trader is struggling to find
investors to help it out of a cash crunch.

     Shares of Enron fell $1.17, or 12 percent, to $8.50 in
midafternoon trading. The shares dropped to $7 earlier. At
yesterday's close, they had fallen 88 percent this year.

     Enron will have a hard time raising a large amount of cash in
a short time, said Sean Egan, managing director of Egan-Jones
Rating Co.

     ``It takes time to sell assets, and many shrewd investors
like Goldman Sachs might find it more profitable to just pluck off
key employees rather than invest in Enron,'' Egan said.

     The shares pared some of today's losses after CNBC reported
that Enron is talking with rival Dynegy Inc. about options,
including a merger. Both companies are based in Houston.

     ``We don't comment on market rumors,'' Dynegy spokesman Steve
Stengel said.

     ``Enron does not comment on speculation on mergers and
acquisitions,'' Enron spokesman Mark Palmer said.

     Berkshire Hathaway Inc. Chairman Warren Buffett decided
against investing in Enron because he wasn't willing to sign a
confidentiality agreement that would keep him from trading Enron's
debt, the New York Times reported today, citing an unidentified
person close to the talks.

     Other companies approached by Enron, including Clayton
Dubilier & Rice, the Blackstone Group and Kohlberg Kravis Roberts
& Co. have also shown little interest, the newspaper said.

     The U.S. Securities and Exchange Commission is investigating
Enron partnerships run by the company's former chief financial
officer. The entities bought and sold Enron shares and assets,
with trades costing Enron $35 million and $1.2 billion in lost
shareholder equity. Enron ousted CFO Andrew Fastow last month.

                         Rating Downgraded

     Standard & Poor's today reduced its rating on Enron's credit-
linked notes, just six days after the ratings company downgraded
Enron's senior unsecured bonds. S&P cut four Enron credit-linked
issues valued at about $1.36 billion combined to ``BBB'' from
``BBB+'' and indicated it may lower the grades again.

     Fearing that an Enron collapse might cripple the natural gas-
derivatives market, oil and gas producer Apache Corp. said it
backed out of most of its gas hedges, realizing a $70 million gain
so far.

     ``We have been unwinding our hedge positions because of
uncertainty created by Enron's credit problems,'' Apache spokesman
Bill Mintz said. The company now has only one position with Enron
that it's trying to unwind.

     The Apache news was reported earlier by the Times.

                        `Fragile Business'

     ``Their trading business is a very fragile business,'' Egan
said. ``If partners on either side get concerned, trading volumes
decline, which is what is happening now.''

     Other companies mentioned in reports as possible buyers of
all or part of Enron have denied an interest in the idea. General
Electric Co. Chief Executive Officer Jeffrey Immelt told CNN today
that ``Enron's really not on our list right now.'' BP Plc Chief
Executive John Browne said ``no'' at a press conference in London
yesterday when asked whether the London-based company would be
interested in buying Enron or a stake in the company.

     Among shares of other energy traders, Dynegy fell $1.70 to
$34.30. Mirant Corp. fell 15 cents to $25.40. Williams Cos. fell 4
cents to $28.97.

--Margot Habiby in Houston, (713) 353-4872

Enron Credit-Linked Note Ratings Reduced 6 Days Late (Update2)
2001-11-07 14:46 (New York)

Enron Credit-Linked Note Ratings Reduced 6 Days Late (Update2)

     (Adds background and stock price in fourth through sixth
paragraphs.)

     New York, Nov. 7 (Bloomberg) -- Standard & Poor's Corp.
downgraded notes linked to Enron Corp.'s credit quality to match
the No. 1 energy trader's credit rating six days after the ratings
company reduced its corporate debt ratings.

     S&P said it cut four Enron credit-linked notes, valued at
$1.36 billion, to ``BBB'' from ``BBB+'', and indicated it may
lower the grades again.

     ``This isn't an additional downgrade and should have happened
last week,'' said Todd Shipman, a director at the ratings company
that follows the company. Last week Shipman downgraded Enron's
long-term ratings to ``BBB'' from ``BBB+,'' and left them on watch
for a further downgrade.

     Enron shares today fell as much as 28 percent, to their
lowest level in more than a decade, amid reports that the No. 1
energy trader is struggling to find investors to help it out of a
cash crunch.

     Shares of Enron fell $1.17, or 12 percent, to $8.50 in mid-
afternoon trading. The shares dropped to $7 earlier. At
yesterday's close, they had fallen 88 percent this year.

     The federal Securities and Exchange Commission is
investigating Enron partnerships run by the company's former chief
financial officer, Andrew Fastow, who was ousted last month. The
entities bought and sold Enron shares and assets,
with trades costing Enron $35 million and $1.2 billion in lost
shareholder equity.

                               Notes

     Holders of the credit-linked notes, sold by Enron Euro CLN
Trust, Enron Sterling CLN Trust, and Enron CLN Trust and Trust II,
may have received a higher coupon than an Enron corporate
obligation offers. The notes, which are obligations of the special
purpose entities, are tied to specific credit events, such as a
bankruptcy or Enron's failure to pay on obligations.

     Proceeds from the notes were to be used to acquire the
Trusts' initial investments, and buyers are to be paid interest
from the proceeds of those certain assets, according to an
offering memorandum. The Trusts can invest in securities with
short-term ratings of at least ``A1'' from S&P and ``P1'' from
Moody's Investors Service, as long as they mature before the
maturity dates of the notes.

     There are four notes, each divided into two offerings, some
offered publicly and some privately sold. All the notes are
scheduled to mature in August 2005 or May 2006 and were sold by a
group of banks led by Salomon Smith Barney, a unit of Citigroup.

     In the event of an Enron credit event, Citibank, which acted
as a swap counter-party to the trusts, can take the trusts'
investments in return for Enron debt obligations. The Enron debt
is then liquidated by the trust, with the proceeds paid to the
investors.

     Neither Enron nor Citibank have direct obligations to the
holders of the notes, according to an offering memorandum.

     Enron's credit-linked notes utilize a credit-default swap
that the trusts have with Citibank that references Enron's senior
unsecured debt, so the rating on the credit-linked notes will
reflect the senior unsecured rating, S&P said in a report.

--Liz Goldenberg and Terence Flanagan in the New York

Former SEC Chairman Levitt (Transcript of Interview)
2001-11-07 12:52 (New York)

     ****THE FOLLOWING IS AN UNOFFICIAL TRANSCRIPT.****
BLOOMBERG L.P. DOES NOT GUARANTEE THE ACCURACY OF THIS
TRANSCRIPT.

     New York, Nov. 7 (Bloomberg) -- The following is a
transcript of a Bloomberg interview with Former Securities
and Exchange Commission (SEC) Chairman Arthur Levitt.  The
reporter is Dylan Ratigan.

     RATIGAN:  As you've probably heard, Enron under
investigation by the SEC, the SEC looking into partnerships
run by their former CFO.  If you come into the Bloomberg
with me, I want to show you what it's done to the stock
price here over the course of the past month, month and a
half.  You're talking about a move from a price in the mid
40s, which was not that long ago, mind you, early mid-
October, to a price that is now $9.67 a share.  This has
absolutely decimated the company's stock price.  Arthur
Levitt, the former chairman of the SEC, with us, looking,
first of all, at what's going on with this company.

     But, before I do that, let me say good morning to you.

     LEVITT:  Good morning, Dylan.

     RATIGAN:  Talk to me.

     LEVITT:  You know, there are certain warning signs here
that investors have to be careful of:  related party
transactions.  Anytime you see a related party transaction,
an investor should be very careful.  What they were doing,
was they were simply setting up these partnerships to move
off the balance sheet acquisitions and borrowings that would
really have hurt the balance sheet and I think given
investors a very different picture.

     RATIGAN:  Well, let's just make it real clear to
people, because they can easily get confused.  I'm a
company.

     LEVITT:  Yes.

     RATIGAN:  .and I create - and I'm an executive of that
company, and I create a partnership that has nothing to do
with that company, legally, on paper.

     LEVITT:  But all the risks and rewards still belong to
the parent company.  The affect of this is the subsidiary
borrows the money to make the acquisition from another
partnership set up by the parent. This stays totally off the
balance sheet of the parent company.  Why does this happen?

     RATIGAN:  So, in other words, Company ABC exists, they
set up Subsidiary 123.

     LEVITT:  Yes.

     RATIGAN:  Subsidiary company 123 borrows money from.

     LEVITT:  To make an acquisition.

     RATIGAN:  A bank?

     LEVITT:  No.

     RATIGAN:  They borrow money from who?

     LEVITT:  They issue bonds.

     RATIGAN:  OK.  They borrow money from the world.

     LEVITT:  Yes.

     RATIGAN:  . whoever wants to lend them money.

     LEVITT:  Yes.

     RATIGAN:  . they borrow money, they make an
acquisition.  Now Subsidiary 123 down here has big debts
that don't reflect upstairs on Company ABC?

     LEVITT:  Precisely.

     RATIGAN:  But ABC still gets to use the asset that was
bought by 123?

     LEVITT:  Yes.

     RATIGAN:  OK.

     LEVITT:  Exactly.  Now, how does it happen?  The
accounting firm that handled this transaction, Arthur
Andersen, received $25 million for an audit of the company -
that's a huge amount - and $27 million for consulting
services - another danger sign.  A lot of dough.  Those
consulting services were to validate these transactions; $52
million dollars went to the accountants.  The problem here
is an audit committee was not doing its work.  If you look
at Enron's statements - and how many times have we heard
they were confusing?  It's the job of the auditing firm to
see to it that it is not confusing.  That's the real
problem.  Now, what can you do about it?

     RATIGAN:  Tell me.

     LEVITT:  I think, actually, the FASB, the independent
standards setter, could put through a rule, which says.

     RATIGAN:  And FASB is the Federal Accounting Standards
Board.  They set the rules.

     LEVITT:  Yes.  Located in Norwalk, Connecticut.  They
could say, if a company sets up another legal entity, and
the company retains all the risks and rewards of that
entity, then the public company, that public company that
set up these entities, must consolidate in the P&L, in the
balance sheet, all of these transactions.

     Now, how does that come about?  I think the SEC could
urge the FASB to do this.  In 1990, the present chief
accountant of the SEC called for that action to be taken
place, but at that point, the then-chief accountant didn't
support the move.

     RATIGAN:  And this creates, in your mind, a rallying
call to reiterate that request with more venom and more
passion than before?

     LEVITT:  I don't know about venom, but I.

     RATIGAN:  But with passion.

     LEVITT:  I certainly think that passion - I think this
is clearly a call for better disclosure.

     RATIGAN:  Fair enough.  I will see you next week, OK?

     LEVITT:  Good.  Nice to see you.

     RATIGAN:  You, too.

     ***END OF TRANSCRIPT***

USA: U.S. FERC watching Enron's impact on energy markets.

11/07/2001
Reuters English News Service
(C) Reuters Limited 2001.

WASHINGTON, Nov 7 (Reuters) - The Federal Energy Regulatory Commission is watching what effect Enron Corp.'s financial problems may have on interstate electricity and natural gas markets, FERC chairman Pat Wood said on Wednesday.
However, Wood said FERC does not have a direct role in the ongoing federal investigation of the company.
"We're watching the impact that Enron or any other firm would have on the overall workings of the market, but we're not intervening where other agencies have jurisdiction," Wood told reporters during a briefing after the agency's regular meeting.
Enron, the nation's largest trader of natural gas and electricity, is under attack for failing to explain off-balance sheet transactions that led to a $1.2 billion write-down of shareholder equity.
The deals, conducted with partnerships run by ousted Chief Financial Officer Andrew Fastow, are under investigation by the U.S. Securities and Exchange Commission.

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

Apache Unwinds Most Gas Hedges; Cites Enron Uncertainty
By Christina Cheddar
Of DOW JONES NEWSWIRES

11/07/2001
Dow Jones News Service
(Copyright (c) 2001, Dow Jones & Company, Inc.)

NEW YORK -(Dow Jones)- Over the last few days, Apache Corp. (APA) has unwound nearly all of its hedges on natural-gas prices due to concerns about what would happen to the marketplace for energy derivatives if Enron Corp. (ENE) collapsed.
According to Tony Lentini, a spokesman for the Houston natural-gas producer, many of the hedges were established to lock in the value of acquisitions the company made.
Apache unwound all but one hedge, a transaction that involved Enron and other parties, Lentini said.
Apache has a gain of about $70 million from the various transactions, but the company hasn't determined yet how the gain will be accounted for in its financial results, the spokesman said.
Apache has been an outspoken critic of the merchant energy trading because of the company's perception that the system is underregulated and creates excessive energy price volatility.
-Christina Cheddar, Dow Jones Newswires; 201-938-5166; christina.cheddar@dowjones.com

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

USA: Enron shares fall below $8 - set new nine-year low.

11/07/2001
Reuters English News Service
(C) Reuters Limited 2001.

NEW YORK, Nov 7 (Reuters) - Shares of Enron Corp. fell in a new round of selling on Wednesday that set new nine-year lows, amid concerns about the energy trading giant's ability to raise cash.
The company's stock slid $1.77, or 18.3 percent, to $7.90 in late morning trading on the New York Stock Exchange, diving below $8 for the first time since February 1992. The shares are down almost 77 percent since the company released its earnings results on Oct. 16, which set off the recent tumble.
The issues that have plagued the Houston-based company over the past three weeks continue to weigh on it, according to Jeff Dietert, an analyst at Simmons and Co.
"It's a bit of a vicious cycle," he said. "The stock price declines, credit concerns go up, counterparties attempt to reduce their exposure and the earnings power of the company deteriorates."
He added that Enron needs to "get all its ducks in a row" so that it can meet with the holders of its stocks and bonds to discuss issues such as the company's capitalization and plans for strengthening its balance sheet.
Enron, the nation's largest trader of natural gas and electricity, is under attack for failing to explain off-balance sheet transactions that led to a $1.2 billion write-down of shareholder equity.
The deals, conducted with partnerships run by ousted Chief Financial Officer Andrew Fastow, are under investigation by the U.S. Securities and Exchange Commission.

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

Enron's stock drops 25 percent

11/07/2001
Associated Press Newswires
Copyright 2001. The Associated Press. All Rights Reserved.

HOUSTON (AP) - Enron Corp.'s stock price continued its free fall Wednesday as shares fell 25 percent to a new 10-year low amid reports the company was having trouble attracting a large investor to allay worries about its financial health and restore confidence.
Shares of the largest U.S. natural gas and power marketer dropped dlrs 2.41 to dlrs 7.26 in midday trading Wednesday on the New York Stock Exchange.
Enron has been rebuffed by more than a dozen buyout firms as well as Warren Buffett's Berkshire Hathaway, The New York Times reported Wednesday, citing a person close to the talks.
Houston-based Enron's stock is off more than 79 percent since Oct. 16, when the company said shareholder equity had been reduced by dlrs 1.2 billion, in part due to partnerships managed by Enron's former chief financial officer, Andrew Fastow.
At the same time, reported a dlrs 618 million third quarter loss last month, dragged down by a one-time charge of dlrs 1.01 billion attributed to various losses. Fastow was ousted a week later.
The company's financial stability was further weakened after the Securities and Exchange Commission began an inquiry, which was upgraded to a formal investigation, of the partnerships and possible conflicts of interest resulting from them.
On Tuesday, Jeff Skilling, Enron's former chief executive officer, testified before the SEC in Washington D.C.
Enron's woes have prompted speculation about a possible takeover of the company. Some of the potential buyers that have been mentioned include General Electric's GE Capital unit and Royal Dutch Shell.
GE Capital has not ruled out an investment, the Times said, citing a source close to the talks.
Enron has cashed in about dlrs 3 billion in revolving credit it has with various banks to shore up investor confidence.
Last week, Enron secured dlrs 1 billion in new financing, using some of its natural gas and pipeline assets as collateral.
Enron officials said Tuesday seeking additional financing is one of the many options the company is exploring to firm up investor and market confidence.
Meanwhile, Standard & Poor's Corp. on Wednesday lowered its ratings on some of Enron's credit linked notes and placed them on CreditWatch. S-and-P said Enron's plan to repair its damaged balance sheet through asset sales and other means will be insufficient.
Moody's Investors Service and Fitch Inc. have also downgraded the company's credit ratings.
Last week, Enron announced it created a special committee headed by University of Texas law school dean William Powers to respond to the SEC investigation. Powers also was elected to Enron's board of directors.

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

Rabin & Peckel LLP Commences Class Action Against Enron Corporation and Certain of Its Officers and Directors, Alleging Violations of Federal Securities Laws

11/07/2001
Business Wire
(Copyright (c) 2001, Business Wire)

NEW YORK--(BUSINESS WIRE)--Nov. 7, 2001--A class action complaint has been filed in the United States District Court for the Southern District of Texas on behalf of all persons or entities who purchased Enron Corporation ("Enron" or the "Company") (NYSE: ENE) common stock between January 18, 2000 and October 17, 2001, inclusive (the "Class Period"). The complaint was brought against defendants Enron, Kenneth Lay, Jeffrey K. Skilling and Andrew Fastow. The case is numbered H-01-3736. The Honorable Melinda Harmon is the Judge presiding over the case.
The Complaint alleges that defendants violated Section 10(b) and 20(a) of the Securities and Exchange Act of 1934 by issuing a series of material misrepresentations to the market between January 18, 2000 and October 17, 2001, thereby artificially inflating the price of Enron common stock. Specifically, the Complaint alleges that Enron issued a series of statements concerning its business, financial results and operations which failed to disclose (i) that the Company's Broadband Services Division was experiencing declining demand for bandwidth and the Company's efforts to create a trading market for bandwidth were not meeting with success as many of the market participants were not creditworthy; (ii) that the Company's operating results were materially overstated as a result of the Company failing to timely write-down the value of its investments with certain limited partnerships which were managed by the Company's chief financial officer; and (iii) that Enron was failing to write-down impaired assets on a timely basis in accordance with Generally Accepted Accounting Principles ("GAAP"). During the Class Period, Enron insiders disposed of over $73 million of their personally-held Enron common stock to unsuspecting investors.
On October 16, 2001, Enron surprised the market by announcing that the Company was taking non-recurring charges of $1.01 billion after-tax, or ($1.11) loss per diluted share, in the third quarter of 2001, the period ending September 30, 2001. Subsequently, Enron revealed that a material portion of the charge was related to the unwinding of investments with certain limited partnerships which were controlled by Enron's chief financial officer and that the Company would be eliminating more than $1 billion in shareholder equity as a result of its unwinding of the investments. When this news hit the market, the price of Enron common stock dropped significantly.
Plaintiff is represented by the law firm of Rabin & Peckel LLP. Rabin & Peckel LLP and its predecessor firms have devoted its practice to shareholder class actions and complex commercial litigation for more than thirty years and have recovered hundreds of millions of dollars for shareholders in class actions throughout the United States. You can learn more information about Rabin & Peckel at www.rabinlaw.com.
If you purchased Enron common stock during the Class Period described above, you may, no later than December 21, 2001, move the Court to serve as lead plaintiff. To serve as lead plaintiff, however, you must meet certain legal requirements. You can join this action as a lead plaintiff online at www.rabinlaw.com. If you wish to discuss this action further or have any questions concerning this announcement, or your rights or interests, please contact plaintiff's counsel, Maurice Pesso and Eric Belfi, Rabin & Peckel LLP, 275 Madison Avenue, New York, NY 10016, by telephone at (800) 497-8076 or (212) 682-1818, by facsimile at (212) 682-1892, or by e-mail at email@rabinlaw.com.

CONTACT: Rabin & Peckel LLP Maurice Pesso/Eric Belfi, 800/497-8076 or 212/682-1818 Fax: 212/682-1892 email@rabinlaw.com www.rabinlaw.com
12:41 EST NOVEMBER 7, 2001
Copyright ? 2000 Dow Jones & Company, Inc. All Rights Reserved.

Enron's power company in India calls off Singapore meeting after Indian lenders file lawsuit
By SATISH NANDGAONKAR
Associated Press Writer

11/07/2001
Associated Press Newswires
Copyright 2001. The Associated Press. All Rights Reserved.

BOMBAY, India (AP) - Enron Corp.'s Indian power unit canceled a meeting with four Indian creditors after they filed a lawsuit against the company and three other parties on Wednesday to demand that the energy project resume operations.
The two-day meeting was scheduled to begin in Singapore on Thursday to discuss bids by two Indian companies to acquire a stake in the troubled $2.9 billion Dabhol Power Co.
The lenders - Industrial Bank of India, Industrial Finance Corporation of India, State Bank of India and ICICI - approached the Bombay court to demand that work on the power project in the western Indian state of Maharashtra resume to ensure adequate cash flows to the project and help its promoters pay dues to the four financial institutions.
Dabhol Power Co., the state utility Maharashtra State Electricity Board, the Government of India and the Maharashtra government were the four parties named in the lawsuit.
Indian banks and financial institutions, which have invested more than $1.3 billion in the project, want Dabhol to continue work on the project and the MSEB to buy the power produced.
The two-day meeting in Singapore was scheduled to discuss the bids made by the two Indian companies, Tatas and the Bombay Suburban Electricity Supply, to acquire a stake in DPC. Enron had offered to sell the stake in DPC for $850 million, at a 30 percent discount, while Tatas wanted a 50 percent discount.
On Monday, Enron began its pullout from the Dabhol power project by issuing a notice that it will sell its stake in the project to its sole customer, the Maharashtra State Electricity Board.
The asset transfer notice issued by the Dabhol Power Project to the MSEB comes after a prolonged payment dispute with the electricity board.
The dispute forced the Houston-based company to shut down the Dabhol plant in May.
Fairfield, Conn.-based General Electric Co. and Bechtel Group Inc. of the United States each hold 10 percent stakes each in the company.
Enron has moved a London court for international arbitration, but says it would prefer a negotiated settlement with the federal government and the Maharashtra state government.
The company still prefers a negotiated purchase of the project by the Indian government and Indian term lending bodies that have funded the equity of foreign sponsors.

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

USA: El Paso says it does not expect Enron bankruptcy.

11/07/2001
Reuters English News Service
(C) Reuters Limited 2001.

HOUSTON, Nov 7 (Reuters) - Energy company El Paso Corp. said on Wednesday it does not expect beleaguered competitor Enron Corp. to file for bankruptcy.
Ralph Eads, who heads El Paso's merchant energy business, which includes electricity and natural gas marketing and trading, told analysts at a meeting in Houston that the prospect of an Enron bankruptcy was "remote".
El Paso has gained some market share from Enron in recent weeks as a result of some companies' reluctance to do business with Enron, Eads said, but he added that El Paso has not scaled back its own business dealings with Enron.
Eads said El Paso does not expect Enron's problems to result in a "domino effect" that could lead to reduced liquidity in U.S. electricity and natural gas markets, a scenario that has been troubling some analysts and investors recently.
El Paso Chief Executive Bill Wise told the meeting, which was broadcast over the Internet, that El Paso might be interested in acquiring some energy assets from Enron but was not interested in acquiring an equity stake in the rival company, which is reported to be seeking an injection of new capital.

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

Energy traders are icing out Enron
Shares trade at 9-year lows for 2nd straight day
By Lisa Sanders,
CBS.MarketWatch.com
Last Update: 1:47 PM ET Nov. 7, 2001

NEW YORK (CBS.MW) -- Amid mounting questions about Enron's liquidity and creditworthiness, players in the energy-trading business have already begun to limit their exposure to the embattled power merchant.

The revelations came Wednesday as Enron's stock (ENE: news, chart, profile) plunged 24 percent following news that Standard & Poor's cut its ratings for the company's credit-linked notes to two notches above junk status.

"Everybody's trying to balance out their exposure to Enron as best they can," said an energy trader who spoke on condition of anonymity. "That means not doing business or minimizing their business with Enron."

1 of 4 energy trades

Traders' attempts to isolate the company underscore concerns about the stability of the overall energy-trading market, in which Enron is involved in 1 out of every 4 trades.

However, some industry watchers are confident that the energy market can survive if Houston-based Enron were to disappear.

"Even though they quote-unquote make the market, the market exists whether Enron is there or not," said Phil Flynn, senior markets analyst at Alaron.com. "Those that think this is the end of energy trading have another thing coming."

Enron, its shares trading at levels not seen since 1992, saw the stock fall $2.27 to $7.40 on in afternoon volume of 58 million.

On Wednesday, Standard & Poor's, which just last week downgraded Enron's corporate credit rating, cut the rating on the credit-linked notes of Enron Credit Linked Notes Trusts to BBB from BBB-plus. S&P also added a "Watch negative" designation, meaning the rating agency is poised to issue further downgrades if warranted.

"The CreditWatch placements recognize the uncertainties that surround the company and its credit quality in the short run due to the possibility of further anticipated developments in the capital markets," the rating agency wrote.

Wednesday's downgrade affects $500 million worth of notes, which are derivatives linked to Enron's senior unsecured debt, now rated BBB.

"The investors are taking the risk of Enron credit" by purchasing the securities from the trusts even though these are not issued by Enron," said Tom Fritz, a Standard & Poor's managing director.

In addition, Standard & Poor's cut to BBB Yosemite Securities Co. Series 2000-A. The obligations use Enron's corporate rating as a backstop.

The counterparty to Yosemite and the credit-linked notes is Citibank, Fritz said. Last week, J.P. Morgan joined with Salomon Smith Barney, which along with Citibank is a unit of Citigroup (C: news, chart, profile), to extend $1 billion in new credit to Enron to help the company's liquidity.

'Not business as usual'

"With these downgrades, it's not business as usual," the energy trader said. "We're already in the process of losing a counterparty that contributed a good deal of liquidity to the energy-trading market."

The trader cited Calpine (CPN: news, chart, profile), Dynegy (DYN: news, chart, profile), and El Paso Energy (EPG: news, chart, profile) as energy traders that have a chance to gain market share, but he conceded that Enron won't be replaced overnight, should it cease to exist.

"Energy trading won't be destroyed at all," the trader said. "It will certainly be diminished but not gone."

What Enron's absence would do is make it more difficult for lesser creditworthy companies to participate in the market. Exchanges such as the New York Mercantile Exchange and the Intercontinental Exchange may gain a higher profile.

Both of them are trying to establish a clearinghouse for the unregulated market for derivative-energy transactions, as the NYMEX already does with futures.

In other news, Enron is preparing to close most of its Asian broadband telecommunications business, part of a global restructuring that comes as the company is seeking a capital infusion of as much as $2 billion to help it through a financial crisis. See previous story.

"Poor demand for broadband is being exacerbated by falling prices, requiring Enron to consider the best options for managing its global broadband business," according to a recent company memo obtained by CBS.MarketWatch.com.

Lisa Sanders is a Dallas-based reporter for CBS.MarketWatch.com.

Legal Group Plans Suit to Void California Power Contracts
2001-11-07 14:20 (New York)

Legal Group Plans Suit to Void California Power Contracts

     Escondido, California, Nov. 7 (Bloomberg) -- A conservative
legal foundation said it will file a lawsuit tomorrow to void long-
term contracts California signed with power generators, claiming
they put an unfair burden on taxpayers.

     The United States Justice Foundation intends to sue in
Sacramento County Superior Court, said Richard D. Ackerman, lead
counsel on the case for the group. The USJF wants a court to
terminate the long-term power contracts and require money already
paid to the generators to be returned to the state.

     The USJF proposes a class action to represent California
taxpayers and alleges violations of the state's business and open-
meeting laws. Ackerman said his group may need to forge new law to
succeed in the case.

     ``You're gonna have some serious legal battles that may go to
the appeals level in this case,'' Ackerman said.

     California officials last spring signed about $43 billion in
long-term power contracts after two investor-owned utilities
became insolvent. Governor Gray Davis has said the contracts were
needed to bring stability to California's energy market. Since
then, the cost of power has dropped, leaving California with
contracts to buy electricity above spot-market prices.

     Enron Corp., Southern California Edison Company, Pacific Gas
& Electric Company, Green Mountain Energy, San Diego Gas &
Electric Company, Reliant Energy Company, PacifiCorp Power
Marketing, Inc., Alliance Colton LLC, and Calpine Energy Company
have electricity contracts with the state, according to a USJF
press release.

     The USJF said it sent a letter to California officials giving
them notice of its intent to sue. The group, which calls itself
``Your conservative voice in the courts'' on its Web site, is
supported by individual donations, Ackerman said.

--Michael B. Marois in Sacramento (916) 503-1612


Kelly:

Thanks for the quick turn-around.

The positions we have in the Qs and As have been used for 2 years -- in India
by Sanjay, Europe, US, everywhere!!  Many people, including Rob B. have seen
these positions.  Rob's central concern is with respect to the science ( a
position which I do not argue and STRONGLY believe that Enron should not
argue since we are not scientists and have no general interest in getting
involved, as a company, in scientific arguments).

The positions articulated in the Qs and As are good for Enron's commercial
ventures which I am heading and I believe Rob has nothing to say about what
Enron staff are doing to pursue their parochial commercial interests; this is
a pure business decision.  This intrusion to shape positions that benefit the
Sutton-blessed business would be strongly resisted by me.

Please see the attached.  As you know, Ken was in Davos.  Look at this
summary that came directly off of the Davos web site -- climate change was
seen by business leader at Davos as the greatest challenge during the next
century.  Our middle-of-the-road position was the mainstream Davos CEO
position!

Kelly Kimberly
02/14/2000 10:49 AM
To: John Palmisano/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: Michael Terraso@ENRON

Subject: Re: See attachment on greenhouse gas issues

Good show!  My initial thought, however is that we need to vet this position
internally, namely with senior management, and get them to agree that this is
our position.  As you will recall, Ken got very different views on the issue
from different people as we prepared for Davos and we need to run it up the
flagpole.  I think it is clearly a time for a more defined position, and it
should help us with the environmental community.

What do you think?  Maybe I am off base and we are all in agreement, but when
I hear from our friend Rob Bradley it does not seem that way!

John Palmisano
02/10/2000 09:29 AM
To: Michael Terraso@ENRON, Kelly Kimberly/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc:
Subject: See attachment on greenhouse gas issues

On Tuesday, I met with Steve Kean to discuss a variety of greenhouse gas
policy issues.
Among these matters was my request to more formally  articulate Enron's
greenhouse gas policies.

I get frequent calls for information on our climate change policy and have
never sent out any paper on our views.

Attached are some questions and answers I have used, and many many other
Enron staff have used to articulate our policies.  They were originally
drafted to support a meeting Ken Lay had with the President 2 years ago and
have been periodically updated.

I want to take these thoughts and simply put them into a brochure format.
Simple, quick, cheap!

Steve Kean said to co-ordinate with the two of you.  That is what I am now
doing.  Any thoughts?  Please get back to me soon.

CHEERS!

John P.


---------------------- Forwarded by Darron C Giron/HOU/ECT on 01/29/2001
12:39 PM ---------------------------

Bruce Mills@ENRON
01/26/2001 03:19 PM
To: Patrick Ryder/NA/Enron@Enron, Darron C Giron/HOU/ECT@ECT
cc:
Subject: This is gross!

Make sure you have a trash can nearby!

 <<blownup.jpg>>

 - blownup.jpg


This message was not  sent unsolicited. Your email has been submitted and verified for opt in promotions. It is our goal to bring you the best in online promotions. 	  [IMAGE]

 [IMAGE]  [IMAGE]  [IMAGE]  [IMAGE] [IMAGE]  [IMAGE]  [IMAGE]  [IMAGE]  [IMAGE]  [IMAGE]  [IMAGE][IMAGE]  [IMAGE] [IMAGE] [IMAGE] [IMAGE][IMAGE]  [IMAGE] [IMAGE] [IMAGE] [IMAGE][IMAGE][IMAGE]  [IMAGE] [IMAGE][IMAGE]  [IMAGE] [IMAGE][IMAGE]  [IMAGE] [IMAGE] [IMAGE] [IMAGE][IMAGE]  [IMAGE] [IMAGE] [IMAGE] [IMAGE][IMAGE]   [IMAGE]  [IMAGE]  [IMAGE]  [IMAGE]  [IMAGE] [IMAGE]  [IMAGE]  [IMAGE]

 Note: This is not  a spam email. This email was sent to you because you have been verified  and  agreed to opt in to receive promotional material. If you wish to unsubscribe  please CLICK HERE.   If you received this email by error, please reply to: unsubscribe@hersweeps.com


Sally may want to goto this as Rick Causey & Rick Buy are invited.
---------------------- Forwarded by Shona Wilson/NA/Enron on 02/22/2001 12:10
PM ---------------------------

	Calendar Entry

Brief description:
Date:
Time:

Germany: Metals Recycling Integration update - Conf. Call
03/05/2001
10:00 AM - 11:00 AM

Detailed description:
16:00 (UK Time)  10am (US Time)
BT Conference Call Details:

Tel:    +44 (0)1296 619 850
Pin No.:  748908#

Please call the above no. at 4PM UK Time, 10AM US Time. Enter the Pin No.
when asked and you will be connected to the conf. call.

London Mtg Room:  NE4005
Houston Mtg Room: tba

Lisa Fair
(+ 44 207 783 7123)

Invitations have been sent to: Shona Wilson/NA/Enron, Ted Murphy/LON/ECT,
Mike Jordan/LON/ECT, Richard Causey/Corp/Enron, Rick Buy/HOU/ECT
Optional invitees: Lisa Taucher/EU/Enron@Enron, Fiona McNaught/LON/ECT@ECT,
Pamela Sonnier/HOU/ECT@ECT, Sharron Westbrook/Corp/Enron@ENRON, Karen K
Heathman/HOU/ECT@ECT
Meeting location: CN=NE4005/OU=Fourth Floor/O=Enron House
_________________________________________________________________________
Chairperson: Naomi Connell/LON/ECT
Sent by: Lisa Fair/LON/ECT
This meeting repeats   starting on    (if the date occurs on a weekend the
meeting ).


Anthony,

Thanks for the invitation. What about April 22? I have committed to different
speaking engagements, charities, off-sites etc. for all the Saturdays prior to
this date.

Vince

From: Anthony Mends@ENRON COMMUNICATIONS on 03/06/2000 02:18 PM
To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: Invitation to My House

Vince,
I hope you are well. Sorry I have not been in touch but I have been swamped
trying to build my organization simultaneously as I endeavor to understand
EBS and navigate its political terrain. Quite interesting. I shall tell you
more later.
My wife, Elisabeth and I would love to have you for dinner at our house any
Saturday at you convenience. Would please let me  know which Saturday would
be suitable? We are both looking forward to it so please let me know.
Thanks,
Tony


YEAH!
me too!  I would love to have some of the 90 that we saw for a quick blimp!
WHAT'S HAPPENING?!?!?! Did someone die???  Are you quitting, is that what's
happening?

Scott.Hendrickson@enron.com schrieb:
> I hope you didn't go out and make plans to put gold leaf all over the new
> house based on Enron stock going back up....since it's now trading at 71!!!
> (that's down $13 from 3 days ago!!!)
>
> I can't believe this!!!  I should have sold when it was at 84+.....
>
> Scott
>


Robert,

I've taken care of 98-6719 (as far as getting it out of my allocation
exception screen).  I'm going to place 98-9676 on Strangers Gas until you
hear back from Daren or Julie.

Should Daren or Julie get back w/you, while I'm on vacation, please get back
w/Anita Luong and provide her with the K # given to you (by Daren or Julie)
as well as the dates of 2/1 - 2/29 (even though 3/1/2000 is reflected in my
allocation exception screen) so that she can provide you with an accounting
arrangement to place February's volumes on @ this meter.

It looks as though this meter is flowing starting 3/1/2000.  I guess that the
trader will eventually place a deal in sitara for this meter.

Thanks
-Jackie-
3-9497
---------------------- Forwarded by Jackie Young/HOU/ECT on 03/11/2000 12:00
PM ---------------------------

Daren J Farmer
03/10/2000 03:22 PM
To: Jackie Young/HOU/ECT@ECT
cc:
Subject: Re: 98-6719 and 98-9676

I extended the deal at mtr 6719 to include 2/10.   In the future, please run
all wellhead deals through Tom Acton first.

I've got a message into Julie Meyers to look into the contract at meter 9676,
and will let you know what she determines.

D

Jackie Young
03/10/2000 10:39 AM
To: Daren J Farmer/HOU/ECT@ECT
cc: Anita Luong/HOU/ECT@ECT
Subject: 98-6719 and 98-9676

Hi Daren,

Can you please check into whether or not the below deals for the above meters
can be rolled and extended?  If so, can you please perform this for me so
that Anita can set up an accounting arrangement for me?

98-6719  Sitara Deal #166989 Flow @ meter began on February 10th but the deal
is not effective until  February the 11th.
     No new deal # referenced and no evergreen flag.  This is on the
gathering (96026573) K which is the only
     K @ the meter.

98-9676  Sitara Deal #151669 Deal good from 1/1/00 - 1/31/00 but there is
flow for all of February 2000 with no K.  This is on the 215K      for 1/2000
production which is the only K @ the meter.

Thanks
-Jackie-
3-9497


Following please find the Daily EnronOnline Executive Summary.

EnronOnline Executive Summary for 11/27/00
Transaction Summary
External Transactions Today	4,425
Average Daily External Transactions (30 day Trailing Avg)	3,767
Total Life to Date Transactions	468,825

EnronOnline Daily % of Entity's Total Transactions for 11/27/00	Trans	Percent
Enron North America	3,780	74%
Enron Europe Limited	164	35%
Global Products	178	41%
Enron Metals	303	15%

EnronOnline Percentage of Total Corporate Transactions
(30 day Trailing Avg)	52%

Gross Notional Value of EnronOnline Transactions	Total
Today	3,265,011,002
MTD	53,042,491,259
LTD	266,471,195,675
Average Daily Notional Value (30 Day Trailing Avg)	2,645,326,254

Notional Revenue from Physical Flows to Date	18,254,266,074

Counterparties, Users, and Products Offered
Counterparties having transacted to date	579
New Counterparties transacting for the first time today	1
Number of Products Offered Today	1,120
Total Number of External Users Logged on Today	3,135
Average # of External Users logged on (30 day Trailing Avg)	2,812


Advanced Technology and 10 Free Online Equity Trades+
Dear Larry Campbell,
As an active trader, you know that having the tools you need to trade
is essential in today's market. So, when you open an account with
Datek , you'll have access to real-time market information, the ability
to customize your trading screen and direct access trading.
See how you can take advantage of what Datek has to offer:
    ?   One Low Commission - just $9.99: Datek is the only online
        broker that gives you one simple low commission for both
        market and limit orders for any online equity trade up to
        5,000 shares.
    ?   FREE Streamer
 3.0 Quote Service**. With Streamer Real-Time
        Quotes you have access to customized quotes and charts that
        show you the movements of any stock in real time.
    ?   FREE Level II Quotes and Real-Time Charts***. Our Streamer

        Level II Quotes provide a complete picture of the real-time
        momentum of any Nasdaq stock, by showing you the top 15 bids
        and offers from all ECN's and Market Centers.
    ?   New: Customize your own Trading Site. What do YOU want to
        see on screen? Datek offers three floating windows that let
        you enter direct access orders faster, store your orders for
        the right moment, and watch your account balance update in
        real time.
    ?   FREE access to Datek DirectSM?. Control the routing of your
        Nasdaq orders with direct access - without paying higher
        commissions. And unlike other online brokers, Datek does not
        charge you for ECN fees.
    ?   FREE Real-Time Screener??. Find stock opportunities that fit
        your investment strategy by matching criteria you input with
        real-time performance information.
    ?   Fast Trade Execution*. If your marketable online equity
        order isn't executed within 60 seconds, Datek will waive
        the commission.
If you act now, you can also capitalize on a limited-time offer for 10
free online equity trades+. Just open an account  by depositing or
transferring $500 or more before December 31, 2001. Please be sure to
include the offer code AZZ when filling out your application.
Take advantage of this limited time offer - and Datek's free tools for
active traders - by opening an account today.
Sincerely,
Ed Nicoll
Chairman and CEO
Datek Online Holdings Corp. www.datek.com
P.S. Do you have questions about opening a Datek account? Please
contact Datek Customer Support at support@datek.com  or call us at
1-800-U2-DATEK (1-800-823-2835) from 8 AM to midnight ET on weekdays,
and from 9 AM to 7 PM ET on weekends. Our Privacy Policy  | Legal & Disclosure Notice  | Customer Agreement
+ Open and fund an account with a minimum initial deposit of $500
before 12/31/01 and get 10 commission-free online equity trades,
up to 5,000 shares for each trade per account. Free trade credits
will expire within one year of issue date if not used. Limit one
new account offer per type of account. Offer cannot be combined with
other offers.
* Datek will not charge a commission ($9.99) for any marketable online
order that is not executed within 60 seconds, measured from the time
that "processing" began until the time the order is "executed". This
applies to all orders using Datek's "Auto Routing" for any NYSE, AMEX,
or NASD stock that are marketable after 9:45 A.M. ET, are marketable
upon entry and remain marketable for 60 seconds. The market in the
stock must not be locked, crossed or halted. We do not extend this
commitment to short sales, OTC Bulletin Board Stocks, Option Trades,
or any order that is "stopped" at a price improvement, or during
Extended-Hours trading sessions.
** Real-time quote privileges differ for professional users. Datek
account holders must maintain a minimum account value of $500 to
receive this free service.
*** Level II quotes on the Streamer
 brand real-time quotation
service are available free for those who trade more than 20 times a
month and maintain a minimum account balance of $500 with Datek.
Nonprofessional users who trade 20 or fewer times per month can access
Level II quotes for $9.99 per month, while professional users can have
access for $50 per month.
? Datek DirectSM is a tool, as the name implies, that allows
customers to direct their Nasdaq orders to a specific execution venue.
The name should not be deemed to imply that a customer is dealing
directly with the marketplace. All orders are processed through Datek
Online Financial Services LLC, a registered broker/dealer.
?? Click here to read Datek's 3rd Party Research Disclosure Notice
Streamer
 is a registered trademark of Datek Online Holdings Corp.
High volumes of trading and volatility may result in executions at
prices significantly away from the price quoted or displayed at the
time of order entry.
This e-mail is just one of the ways that we keep you and other
Datek account holders up-to-date about product and service
innovations and beta testing at Datek. These communications
may also spotlight special incentives that we hope will motivate
you to consider trying something new at Datek. Please let us know
if you'd prefer that these e-mails not continue. http://datek2.m0.net/m/s.asp?HB4872538307X1154851X84234Xlcampbel%40enron.com
System response and access times may vary due to market conditions,
system performance and other factors.
? 2001 Datek Online Financial Services LLC, Member NASD/SIPC
CC-18 / #84234


Shirley,

Did we renew it?

Vince

---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 04/19/2001 03:31 PM ---------------------------

Institutional Investor Journals <webinfo@iijournals.com> on 04/19/2001 11:03:59 AM
To:	"vkamins@enron.com" <vkamins@enron.com>
cc:
Subject:	Continue Enjoying IIJournals -- Renew Today!

Dear Vince Kaminski,

We hope you are enjoying the benefits of receiving market-leading, rigorous and current research from industry experts through your subscription to DERIVATIVES QUARTERLY.

Unfortunately, your subscription is about to expire!  By renewing now, your access to the web site and to your print copies will be uninterrupted.

You can continue to get the exclusive research and practical advice for financial practitioners - written by the best minds in your business!

Click here to Renew Today
http://www.iijournals.com/account/myaccount.asp

Thank you.


----- Forwarded by Gerald Nemec/HOU/ECT on 12/13/2000 10:00 AM -----

	Bo Barnwell@EES
	12/07/2000 05:42 PM

		 To: Mark Knippa/HOU/ECT@ECT, Gerald Nemec/HOU/ECT@ECT
		 cc:
		 Subject:  Draft TA for Blackwater

Look forward to our late morning meeting regarding Blackwater TA.

Bo
---------------------- Forwarded by Bo Barnwell/HOU/EES on 12/07/2000 05:39
PM ---------------------------

	Enron Energy Services

	From:  Mike D Smith                           12/07/2000 03:56 PM

To: Bo Barnwell/HOU/EES@EES, Greg Cordell/HOU/EES@EES, Bruno
Messer/HOU/EES@EES, Greg Sharp/HOU/EES@EES, Dave S Laipple/DUB/EES@EES
cc:
Subject: TA for ECS

Please review.  If you approve, it is ready to go to ECS as far as I'm
concerned.  MDS


Miss Tana ---
How 'bout this request --- when will it walk out your door?
Thanks,
Griff


Sorry for the delay.  Nothing with or pertaining to Oakhill or Polo or the
Hinkle Station.
Kay


----- Forwarded by Steven J Kean/NA/Enron on 03/02/2001 12:28 PM -----

	Suzanne_Nimocks@mckinsey.com
	Sent by: Carol_Benter@mckinsey.com
	03/02/2001 12:04 PM

		 To: skean@enron.com
		 cc:
		 Subject: California Power Markets

Sorry that we haven't talked in some time.  I thought that you would want
to take a look at some analysis we have recently completed with regard to
the California Power Crisis.  You may find some of the analysis to be
helpful.  Let me know if you have any questions.

(See attached file: 10209 zxd414.ppt)

+-------------------------------------------------------------+
| This message may contain confidential and/or privileged     |
| information.  If you are not the addressee or authorized to |
| receive this for the addressee, you must not use, copy,     |
| disclose or take any action based on this message or any    |
| information herein.  If you have received this message in   |
| error, please advise the sender immediately by reply e-mail |
| and delete this message.  Thank you for your cooperation.   |
+-------------------------------------------------------------+
 - 10209 zxd414.ppt


Good Afternoon All!!

   I have attached the invitation to our 8th Annual Enron Customer Meeting to
be held at The Don Ce Sar in St. Pete's Beach, FL.

   Please feel free to fax or email to your customers as you see necessary,
but please use the RSVP forms for the trip they will be
   attending (July or August).   The 'invitation' attachement is generic and
should be used for both RSVP forms.

   The original invitation will be going out in the mail this evening.  with
a requested return date of June 8, 2000.

     If you have any questions or need an assistance, please call me at
x33278.

     Thank you,

     Heather Choate


If you have not responded to me regarding your attendance at the above
referenced meeting, please do so by 12:00pm (noon) tomorrow.

The meeting on December 8, is scheduled to begin at 8:30am and conclude by no
later than 4:00pm (maybe even earlier).  Hope this helps in flight schedules..

gngr
713-853-7751
----- Forwarded by Ginger Dernehl/NA/Enron on 11/27/2000 03:34 PM -----

	Ginger Dernehl
	10/30/2000 12:05 PM

		 To: assad@elektro.com.br, Alberto Levy/SA/Enron@Enron, Aleck
Dadson/TOR/ECT@ECT, Allison Navin/Corp/Enron@ENRON, Amy
Fabian/Corp/Enron@ENRON, Barbara A Hueter/NA/Enron@Enron, Bernadette
Hawkins/Corp/Enron@ENRON, Bill Moore/NA/Enron@Enron,
cristinah@elektro.com.br, Carlos Gustavo Azevedo/SA/Enron@Enron, Carmen
Perez/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Carolyn Cooney/Corp/Enron@ENRON,
Charles Yeung/HOU/ECT@ECT, Chauncey Hood/NA/Enron@ENRON, Chris
Long/Corp/Enron@ENRON, Christi L Nicolay/HOU/ECT@ECT, Cynthia
Sandherr/Corp/Enron@ENRON, Damon Harvey/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT,
Dan Staines/HOU/ECT@ECT, Daniel Allegretti/NA/Enron@Enron, Donald
Lassere/NA/Enron@Enron, Donna Fulton/Corp/Enron@ENRON, Eidy
Catala/TRANSREDES@TRANSREDES, Elizabeth Linnell/NA/Enron@Enron, Frank
Rishe/HOU/EES@EES, Geriann Warner/NA/Enron@Enron, Ginger
Dernehl/NA/Enron@Enron, Gisele S Braz/SA/Enron@Enron, Gloria
Ogenyi/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Guillermo Canovas/SA/Enron@Enron,
Harry Kingerski/NA/Enron@Enron, Howard Fromer/NA/Enron@Enron, James D
Steffes/NA/Enron@Enron, Janine Migden/DUB/EES@EES, Javier
Pantoja/TRANSREDES@TRANSREDES, Jean R Dressler/NA/Enron@Enron, Jeff
Brown/NA/Enron@Enron, Jeff Dasovich/NA/Enron@Enron, Jeffrey
Keeler/Corp/Enron@ENRON, Joao Paixao/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Joe
Allen/NA/Enron@Enron, Joe Connor/NA/Enron@Enron, Joe
Hartsoe/Corp/Enron@ENRON, Joe Hillings/Corp/Enron@ENRON, Jose
Bestard/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Joseph Alamo/NA/Enron@Enron,
Kathleen Sullivan/NA/Enron@ENRON, Kerry Stroup/DUB/EES@EES, Kikumi
Kishigami/NA/Enron@Enron, Kirsten Bellas/NA/Enron@Enron, Lara
Leibman/NA/Enron@Enron, Laurie Knight/NA/Enron@Enron, Leslie
Lawner/NA/Enron@Enron, Lindsay Meade/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT,
Lisa Yoho/HOU/EES@EES, Lora Sullivan/Corp/Enron@ENRON, Luiz
Maurer/SA/Enron@Enron, Lysa Akin/PDX/ECT@ECT, Marchris
Robinson/NA/Enron@Enron, Marcia A Linton/NA/Enron@Enron, Marcie
Milner/Corp/Enron@ENRON, Mary Hain/HOU/ECT@ECT, Maureen
McVicker/NA/Enron@Enron, Mona L Petrochko/NA/Enron@Enron, Nancy
Hetrick/NA/Enron@Enron, Patrick Keene/NA/Enron@Enron, Paul
Kaufman/PDX/ECT@ECT, Ray Alvarez/TRANSREDES@TRANSREDES, Ricardo
Charvel/NA/Enron@Enron, Richard Ingersoll/HOU/ECT@ECT, Richard
Shapiro/NA/Enron@Enron, Robert Frank/NA/Enron@Enron, Robert
Hemstock/CAL/ECT@ECT, Robert Neustaedter/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT,
Robin Kittel/NA/Enron@Enron, Ron McNamara/NA/Enron@Enron, Roy
Boston/HOU/EES@EES, Rubena Buerger/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT,
Sandra McCubbin/NA/Enron@Enron, Sarah Novosel/Corp/Enron@ENRON, Scott
Bolton/Enron Communications@Enron Communications, Sergio
Assad/SA/Enron@Enron, Stephen D Burns/Corp/Enron@ENRON, Steve
Montovano/NA/Enron@Enron, Steve Walton/HOU/ECT@ECT, Steven J
Kean/NA/Enron@Enron, Sue Nord/NA/Enron@Enron, Susan J Mara/NA/Enron@Enron,
Susan M Landwehr/NA/Enron@Enron, Terri Miller/HOU/EES@EES, Thane
Twiggs/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Tom Briggs/NA/Enron@Enron, Tom
Chapman/HOU/ECT@ECT, Tom Delaney/Corp/Enron@ENRON, Tom Hoatson/HOU/EES@EES,
Tracy Cooper/Enron Communications@Enron Communications, Valeria
Lima/SA/Enron@Enron, Vinio Floris/Corp/Enron@Enron, Xi Xi/Enron
Communications@Enron Communications
		 cc: Miyung Buster/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Elizabeth
Linnell/NA/Enron@Enron, Lynnette Barnes/NA/Enron@Enron, Stephanie
McMurray/NA/Enron@Enron, Linda L Lawrence/NA/Enron@Enron, Earlene
O'Connell/NA/Enron@Enron, Margo Reyna/NA/Enron@Enron, Eric
Benson/ET&S/Enron@ENRON, John Neslage/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT,
Gia Maisashvili/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, James D
Steffes/NA/Enron@Enron, Marcia A Linton/NA/Enron@Enron, Margaret
Carson/Corp/Enron@ENRON, Joan Stransky/Corp/Enron@ENRON, Rob
Bradley/Corp/Enron@ENRON, Jeffrey Keeler/Corp/Enron@ENRON, Stacey
Bolton/NA/Enron@Enron, Mary Schoen/NA/Enron@Enron
		 Subject: Government Affairs-The Americas Dept. Meeting - December 8, 2000

The next Government Affairs-The Americas meeting will be held in Houston, TX
at the DoubleTree Hotel on Friday, December 8, 2000.  A block of rooms has
been reserved under "Enron Corp - Government Affairs" and each individual is
required to make their own reservation.  The group dinner will be held on
Thursday, December 7 at Ruggles Restaurant, Enron Field at 7:00pm.  Please
let me know of your plans to attend the dinner and meeting by Wednesday,
November 15.

Hotel information below:

DoubleTree Hotel
400 Dallas Street
Houston, TX 77002
713-759-0202  Phone #
713-654-0727  Fax#

Additional information regarding the meeting will follow, but please remember
to make your reservation and call me if you have any questions.

gngr
713-853-7751


Please click on the link below

SAVE THE DATE


Mark received a payment in late November that stated that it would have to be repaid in full if he leaves Enron before the end of February 2002.  How do we handle this?  Has Mark mentioned this repayment?  --Sally

 -----Original Message-----
From: 	Bruce, Michelle
Sent:	Wednesday, January 02, 2002 4:59 PM
To:	McLoughlin, Hector
Cc:	Beck, Sally; Sweeney, Kevin; Leskowitz, Mark J.
Subject:	Leskowitz Resignation

Hector-
Please note that Mark Leskowitz has given his resignation.  His last day with Enron will be this Friday, January 4, 2002.
Thanks,
Michelle Bruce
xt. 57532


Allen,

Let me try again.

Vince


Sue: Thanks to you too. It was a pleasure having you as a key player on our
convention team and as a fellow host/hostess at Enron events. We did much
more at these conventions and the demands were greater because of Enron's
growing business as well as political interests. Heidi and Carolyn Cooney
were outstanding. Their experience in organizing our participation and
satisfying each Enron participant in getting access to events is just short
of miraculous or maybe just exceeding it.  I was especially pleased that Rick
participated so actively as well as our other collegues especially the folks
from Omaha who made the Nebraska events such a success. I know that Heidi
will appreciate your thanks. To repeat: she and Carolyn deserve some special
recognition for a superb job, Joe

Susan M Landwehr@EES
08/21/2000 09:22 PM
To: heidikp@lonestarstrategies.com
cc: Richard Shapiro/HOU/EES@EES, Joe Hillings/Corp/Enron@Enron, Steven J
Kean/NA/Enron@Enron

Subject: thanks

Heidi--thanks for all of your good work in organizing our participation at
both the Republican and Democrat conventions.  While I know that you've
worked with Enron on many events in the past, I recognize the difficulties in
dealing with some new "cooks in the kitchen" this time around.  Your
professionalism and courtesies to the first timers in this process, including
me, is much appreciated.


<!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN">

	<title>Digest of Miami Athletics News</title>

  No. 24 Miami Defeats Pittsburgh In Double OT, 76-69

    Miami's James Jones shoots in front of Pittsburgh's Donatas Zavackas, right, during the first half.

  Marcus Barnes, who had a chance to give Miami the lead with 1.3
seconds left in the first overtime, hit a key 3-pointer in the second and the
24th-ranked Hurricanes beat Pittsburgh 76-69 Tuesday night.  Barnes struggled in regulation, scoring six points on 2-of-9 shooting, but
he hit a 3-pointer that helped send the game into overtime. Then he could have
given Miami the lead - and probably the win - in overtime but missed two free
throws with 1.3 seconds to play, and the game went to the second overtime tied
at 65.

  More Headlines

Baseball Opens 2002 Ranked No. 2

The Hurricanes are ranked No. 2 in the preseason Baseball Weekly/ESPN Top 25 Coaches Poll.
UM Women's Track Ranked 25th

Hurricanes have several individuals ranked among the nation's best.
Women's Basketball Holds Off Syracuse, 75-71, In Overtime

The Hurricanes return to action Saturday facing Seton Hall at Miami Arena.
Men's Tennis Completes The Spring Fling

The Hurricanes open the season Jan. 24 playing host to FAU.
UM Athletics To Host Women's Clinic

Over 400 girls from local schools will participate in the clinic at the Hecht Athletic Center
Football projected as No. 1 in 2002

SportsLine.com's pre-preseason Top 25
Martin and Moser Highlight Men's Track Results

Martin takes second in the 55-meter hurdles while Moser camptures second in pole vault competition.
No. 21 Miami Edges Out Virginia Tech, 77-68

Men's basketball improves to 15-2 overall.
Junior Defender Lisa Gomez Starts For Mexican National Team.

The United States defeated Mexico 7-0.

In The Spotlight

Hurricane FANStore
Miami Replica Basketball Jersey..Buy it NOW at the Hurricane FANStore!

Canes Corner

Basketball BIG EAST Pick 'n Roll Mini-plans Now Available !
Choose any five Big East Conference games for just $80.00.

Online Auction
Bid on the latest hot items from the Hurricanes.  Currently featured are autographed Rose Bowl items! Check back each week for the newest addition to the auction.

Ryder Center Updates
Follow The Construction Of The New Ryder Center

The Hurricanes Are National Champs!
Everything from Miami's championship season.

2002 Football Season Tickets
Join the National Champions for the 2002 Season.

2002 Baseball Tickets Available
Catch the defending national champions in action!

FANSonly Network

Live Stats & Live Audio
Search by date or by school in the extensive FANSonly.com menu of live stats and live audio!

Subscription Management

Subscribing:

Update your preferences on the User Registration page (you'll need your username and password).

Unsubscribing (3 options):

   1. Click here to unsubscribe from this newsletter.

   2. Update your preferences on the User Registration page (you'll need your username and password).

   3. Send email to mifl-unsubscribe@newsletters.fansonly.com.

New E-mail Address:

Go to the User Registration page and update your preferences.

Your confidence and trust are important to us. Please review the FANSonly Privacy Statement.


---------------------- Forwarded by Phillip M Love/HOU/ECT on 01/29/2001
04:52 PM ---------------------------

	Enron North America Corp.

	From:  Irena D Hogan                           01/11/2001 09:45 AM

To: John Valdes/HOU/ECT@ECT, David Baumbach/HOU/ECT@ECT, Kam
Keiser/HOU/ECT@ECT, Darron C Giron/HOU/ECT@ECT, Errol
McLaughlin/Corp/Enron@ENRON, Russ Severson/HOU/ECT@ECT, Greg
Couch/HOU/ECT@ECT, Phillip M Love/HOU/ECT@ECT
cc: Elizabeth Soto/HOU/ECT@ECT
Subject: Risk Management Team Building

Please see the attached document below, per format of information to be
presented
 at the Risk Management Off-site.

If you have any questions, please give me a call, x36143.

This off-site will take place as follows:

     Friday, February 16, 2001
        Kingwood Country Club
     1700 Kingwood Lake Trail
          Phone - 281-358-2171
      in the Pine Room
            Start Time 8:30AM

See Below Map

Driving Directions

Take US-59 N.
Take the exit towards KINGWOOD DR.
Turn RIGHT onto KINGWOOD DR.
Turn RIGHT onto LAKE KINGWOOD TRL.


Don't forget to give your sec you onepass number and maybe she will get your
past flights put on there for you.
heart
me


Mark --- Tana was very helpful. Thank you for your help moving this issue
forwards.

We could use the following executed agreements:

Bethlehem  Steel
Kaiser
Alcoa
Tudor
U.S. Steel
Several Banks

You have about a dozen working agreements

Gen Electric/Honeywell/Allied Signal
Anheuser Busch
Bonneville
Emerson Electric
Falconbridge
Ford
Harvard
Hydro Quebec
LTV
Moore Capital
OK Tedi
Ormet
Phelps Dodge
Alcan
Trafigura

We can bring the following:

Catequil --- Fund/Old Tiger Team
Grupo Mexico/Southern Peru
Gen Motors
Vanalco
Coke
Pepsi
Ball
Crown Cork
Arco/BP
American National Can
BHP
Caxton-- Fund
Campbell -- Fund
Noranda
Perelli
Femsa -- Mexico
Commonwealth
Aluar
Michigan Ave Partners
Century Alum
Toyota
Southwire
Wabash

Justin ---- could you update us on legal structure, tax and regulation

Craig Young

From: Mark Taylor on 10/31/2000 06:30 PM
To: Craig Young/NY/ECT@ECT
cc:
Subject: Re: ISDA

Craig:

Sorry I couldn't get back to you earlier.  I  asked Tana Jones to get you
access to our database that keeps track of financial master agreement
negotiations so you will always be up to date on where we stand with the
process.  If you haven't heard from her, please let me know.  Any word from
Justin on which Enron entity we will use for trading in the U.S.?

Mark

	Craig Young
	10/31/2000 10:09 AM

		 To: Mark Taylor/HOU/ECT@ECT, Justin Boyd/LON/ECT@ECT
		 cc: Craig Young/NY/ECT@ECT
		 Subject: ISDA

As a start could you advise if we have an ISDA with the following firms

Coke
Pepsi
Anheuser Busch
Gen Motors
Ford
Mercedes Benz
Steel Companies
Metal Companies
Container Companies
Hedgd Funds
Emerson Electric
Hydro Quebec
Bonneville

Do we have a clearing house for global ISDA agreements?

Craig Young
212-715-2342


Jim and Jeff
I received this from Mike Smith.  He also called me.  I haven't been in the
loop on this stuff and am not sure what to do with it.
----- Forwarded by Susan J Mara/NA/Enron on 11/01/2000 12:37 PM -----

	Mike D Smith@EES
	10/31/2000 11:35 AM

		 To: Susan J Mara/NA/Enron@Enron
		 cc:
		 Subject: Updated Excel Chart

---------------------- Forwarded by Mike D Smith/HOU/EES on 10/31/2000 01:33
PM ---------------------------

	Enron Energy Services

	From:  Mike D Smith                           10/30/2000 09:11 AM

To: mday@gmssr.com, Susan J Mara/SFO/EES@EES
cc: Richard B Sanders/HOU/ECT@ECT, Gfergus@brobeck.com, Richard
Shapiro/NA/Enron@Enron, James E Keller/HOU/EES@EES, James D
Steffes/NA/Enron@Enron
Subject: Updated Excel Chart

PRIVILEGED ATTORNEY CLIENT COMMUNICATION

Mike and Sue--attached is the Excel spreadsheet of EES/EEMC trading info that
we are considering turning over to the Cal PUC in response to the Subpoena.
EPMI will not be turning over similar wholesale data, at least not at this
point.

In that you have done much of the EES retail regulatory work in California,
please let me know if you see any regulatory implications in turning over
this info.  It seems to me that by doing so we would be at least tacitly
admitting to the jurisdiction of the PUC to request and receive this info.
By doing so, would we be undoing groundwork you have already laid?  Would we
be jeopardizing our right to object to similar requests in the future?  Would
we be opening any doors to more of this type of regulation?  My concern is
that this info is innocuous and irrelevant now, but what about future
requests for info that we do care about?

Also, what do the FERC info we learned on Friday and the new ISO price caps
do to our response strategy?

Please respond asap--we need to be able to tell the PUC something in the next
48 hours.  You can call me at 713 853 9503.  Thanks.  MDS

---------------------- Forwarded by Mike D Smith/HOU/EES on 10/30/2000 09:02
AM ---------------------------

Allison McHenry
10/27/2000 12:00 PM

To: Mike D Smith/HOU/EES@EES
cc:
Subject: Updated Excel Chart

Attached is the updated chart re the CA subpoena. Please let me know if I can
do anything else.


We have built two new Products Types called US Bandwidth DS3 Physical Forward
and US Bandwidth OC3 Physical Forward. Please go into DataManager and approve
these Product Types (look at attached Document).  We are going life on the
1st of May.  If you need help with the approval process contact Dale Neuner
(ext. 39746) or myself (ext. 39938). Please Do Not Reject the Product Type.
If you have questions or changes to the Product Type please contact me at
your convenience.

Thank you very much for your co-operation!

Leonardo Pacheco
ext. 39938


went to the courthouse over by the stadium...........actually broke a
sweat......
how much of a down payment are "you' looking for......


---------------------- Forwarded by Phillip K Allen/HOU/ECT on 01/27/2000
04:44 PM ---------------------------

Matthew Lenhart
01/24/2000 06:22 AM
To: Phillip K Allen/HOU/ECT@ECT, Mike Grigsby/HOU/ECT@ECT
cc:
Subject: dopewars

---------------------- Forwarded by Matthew Lenhart/HOU/ECT on 01/24/2000
08:21 AM ---------------------------

"mlenhart" <mlenhart@mail.ev1.net> on 01/23/2000 06:34:13 PM
Please respond to mlenhart@mail.ev1.net
To: Matthew Lenhart/HOU/ECT@ECT, mmitchm@msn.com
cc:

Subject: dopewars

 - DOPEWARS.exe


Attached please find a (confidential) team list that has just been put
together for Project California.  Please review it and let me know as soon as
possible, via e-mail, if there are any revisions at all that need to be
made.  This is the first draft of this team list, and I am sure will be a
work-in-progress, so please bear with us!
Thanks, Stacy
713-646-8320


----- Forwarded by Richard B Sanders/HOU/ECT on 11/13/2000 04:02 PM -----

	Jan Cooley@ENRON_DEVELOPMENT
	11/13/2000 08:33 AM

		 To: Richard B Sanders@ECT
		 cc:
		 Subject: Monthly Litigation Reports

Richard,

Bob Williams asked me to forward last month's litigation reports to you.
Thank you.

Jan


Me again.

Here's the version I referenced in my earlier email.  I believe we need to
restore the stabilizer stuff, but I wanted to get agreement.

Thanks,

Kay

lee.johnson@ps.ge.com on 04/09/2001 05:55:57 PM
To: kent.shoemaker@ae.ge.com
cc: kay.mann@enron.com

Subject: Revised Salmon Agreement

Kent/Kay-

I've redline the Salmon contract for Exhibits A and B, Purchase Amount,
Maximum Liability Amount, and Unit Liability Amount.  The Power System
Stabilizer has been struck from scope, because I can recall Bill Williams
advising that LV would need them, Delta/Salmon would not.  That's consitent
with the other units going to CA (w/ Intergen).

Regards,

Lee <<Comparison of Versions 2 to 3 of Salmon Energy
Agreement_ljredline040901.DOC>>

 - Comparison of Versions 2 to 3 of Salmon Energy
Agreement_ljredline040901.DOC


totally


I got your message.  No worries.  I am sending another copy.

 - 0346585.01


--
FOR IMMEDIATE RELEASE   CONTACT: James Fisfis
March 5, 2001        (916) 319-2071

GOP MOVES NATURAL GAS TO FRONT BURNER
Assembly Republicans join together once again to request Davis to call
special session.

(SACRAMENTO) ) Assembly Republicans united Monday in asking Governor Gray
Davis to call a special session of the California legislature to deal with
skyrocketing natural gas prices.

&Families and businesses are reeling every month from extraordinary gas
prices.  Pardon the expression, but the natural gas crisis no longer belongs
on California,s back burner,8 said Assembly Republican leader Bill Campbell
(R ) Villa Park).

Assembly Republicans unanimously signed a letter to Governor Gray Davis
asking for him to convene a special session of the legislature to deal with
California,s skyrocketing natural gas bills.  Republicans delivered the
letter to Davis this morning.

&A special session is both a symbolic and a practical necessity.  It tells
Californians that we care about their skyrocketing gas bills.  It tells
businesses everywhere that California is going to provide for its future
energy needs,8 said Campbell.  &Practically speaking, a special session also
allow us to pass legislation which can take effect immediately.8

Republicans believe the electricity and natural gas crises are inextricably
linked.

&California,s natural gas crisis is completely intertwined with its
electricity crisis,8 said Campbell.  &Any plan to deal with our electricity
crisis must have a natural gas component or Californians are going to pay
unacceptably high prices for both.8

Assembly Republicans believe the natural gas crisis has many fronts, all of
which could be addressed comprehensively by a special session.

&Natural gas issues include pipeline capacity, storage, exploration,
alternative fuels and conservation,8 said Campbell.  &A special session lets
us put together a comprehensive solution.8

&The private sector has the expertise and the capital to deal with these
issues if government would just get out of the way.  Republicans believe that
a legislative solution to the natural gas crisis should leave the resources
and primary decision-making to the private sector,8 said Campbell.

# # #
----- Forwarded by Jeff Dasovich/NA/Enron on 03/05/2001 05:44 PM -----

	Susan J Mara
	03/05/2001 05:14 PM

		 To: Jeff Dasovich/NA/Enron@Enron
		 cc:
		 Subject: Today's Assembly GOP press conference - materials

in case you didn't see this

Sue Mara
Enron Corp.
Tel: (415) 782-7802
Fax:(415) 782-7854
----- Forwarded by Susan J Mara/NA/Enron on 03/05/2001 03:12 PM -----

	"Costigan, Richard" <Richard.Costigan@asm.ca.gov>
	03/05/2001 02:51 PM

		 To:
		 cc:
		 Subject: Today's Assembly GOP press conference - materials

 <<press release.doc>>  <<Natgastps - rep legislation.doc>>  <<Republican
Energy Address.doc>>  <<QA.doc>>  <<DOE powerpoint.ppt>>

Attached are documents that were part of today's Assembly GOP press
conference on the pending natural gas crisis.  If you have any questions,
please call me.

Thanks,

RSC

Richard Costigan, III
Chief of Staff
Office of the Assembly Republican Leader
California State Assembly
(916) 319-2071

 - press release.doc
 - Natgastps - rep legislation.doc
 - Republican Energy Address.doc
 - QA.doc
 - DOE powerpoint.ppt


Jeff - to keep you on point for this, why don't you send them
Skilling's/Lay's name as primary and Kean as alternate.

----- Forwarded by David Parquet/SF/ECT on 01/06/2001 07:28 AM -----

	"Julee Malinowski-Ball" <jmball@ns.net>
	01/05/2001 04:44 PM
	Please respond to "Julee Malinowski-Ball"

		 To: "kent Palmerton" <kent.palmerton@williams.com>, "Bill Carlson"
<william_carlson@wastemanagement.com>, "Bill Woods" <billw@calpine.com>, "Bob
Ellery" <bellery@spi-ind.com>, "Bob Escalante" <rescalante@riobravo-gm.com>,
"Carolyn Baker" <cabaker@duke-energy.com>, "Curtis Kebler"
<curtis_l_kebler@reliantenergy.com>, "David Keane" <dnke@dynegy.com>, "David
Parquet" <dparque@ect.enron.com>, "Dean Gosselin" <dean_gosselin@fpl.com>,
"Duane Nelson" <dnelsen@msn.com>, "Ed Tomeo" <ed.tomeo@uaecorp.com>, "Frank
DeRosa" <fderosa@sanfrancisco.usgen.com>, "Greg Blue" <gtbl@dynegy.com>, "Hap
Boyd" <rboyd@enron.com>, "Jack Pigott" <jackp@calpine.com>, "Jeff Dasovich"
<Jeff.Dasovich@enron.com>, "Jim Willey" <elliottsa@earthlink.net>, "Joe
Greco" <joe.greco@uaecorp.com>, "Joe Ronan" <joer@calpine.com>, "John Stout"
<john_h_stout@reliantenergy.com>, "Jonathan Weisgall" <jweisgall@aol.com>,
"Kassandra Gough" <kgough@calpine.com>, "Ken Hoffman"
<khoffman@caithnessenergy.com>, "Kent Fickett" <kfickett@usgen.com>, "Lynn
Lednicky" <lale@dynegy.com>, "Marty McFadden"
<marty_mcfadden@ogden-energy.com>, "Nam Nguyen" <nam.nguyen@powersrc.com>,
"Paula Soos" <paula_soos@ogden-energy.com>, "Richard Hyde"
<rwhyde@duke-energy.com>, "Robert Lamkin" <rllamkin@seiworldwide.com>, "Roger
Pelote" <roger.pelote@williams.com>, "Stephanie Newell"
<stephanie-newell@reliantenergy.com>, "Steve Ponder" <steve_ponder@fpl.com>,
"Steven Kelley" <steven@iepa.com>, "Sue Mara" <smara@enron.com>, "Tandy
McMannes" <mcmannes@aol.com>, "Tony Wetzel" <twetzel@thermoecotek.com>,
"Trond Aschehoug" <taschehoug@thermoecotek.com>, "William Hall"
<wfhall2@duke-energy.com>
		 cc: "Susan McCabe" <sfmccabe@mindspring.com>, "Scott Govenar"
<sgovenar@govadv.com>, "Ron Tom" <thackbarth@govadv.com>, "Robert Ross"
<robbiz@cwo.com>, "Phil Isenberg" <Isenberg@HMOT.com>, "Mike Monagan"
<mrmonagan@aol.com>, "Maureen OHaren" <Oharen@HMOT.com>, "Marie Moretti"
<marie_moretti@msn.com>, "Kassandra Gough" <kgough@calpine.com>, "Jenn
Paulsen" <paulsen@hmot.com>, "Jamie Parker" <jparker@hmot.com>, "Hedy
Govenar" <hgovenar@acom2.com>, "DJ Smith" <djsmith@smithandkempton.com>,
"Delany Hunter" <dhunter@smithandkempton.com>, "Cary Rudman"
<cjrudman@softcom.net>, "Bev Hansen" <bhansen@lhom.com>, "Anne Kelly"
<kelly@hnks.com>, "Chuck Cole" <ccole@advocation-inc.com>, "Jan Smutny Jones"
<smutny@iepa.com>, "Steven Kelley" <steven@iepa.com>, "Katie Kaplan"
<kaplan@iepa.com>
		 Subject: Phone Call From Rod Wright

I received a call from Asm. Rod Wright's office asking for me to provide a
list of the CEOs, a secondary contact, and their phone numbers for all the
California generators and marketers.  As far as his staff knows, Asm. Wright
is going to be calling them personally.  About what, his staff doesn't know.
Jan, on the other hand, had a conversation with Wright today about the
generators' proposals to the utilities for long-term contracts and believes
he is looking for this kind of information.

I already have the CEOs names and addresses.  If the generating companies
and marketers (and I'm assuming he isn't talking about those with only QFs
or renewables) would please provide me a secondary contact and a phone
number as soon as possible, I would appreciate it.

Julee Malinowski-Ball
Senior Associate
Edson + Modsette
916-552-7070
FAX-552-7075
jmball@ns.net


FYI, Kim.

 -----Original Message-----
From: 	Miller, Mary Kay
Sent:	Thursday, November 15, 2001 7:48 AM
To:	Watson, Kimberly; Harris, Steven; Lohman, TK
Subject:	FW: CPUC protest to TW RP97-288

Here is the protest-  MK

 -----Original Message-----
From: 	Bagot, Nancy
Sent:	Wednesday, November 14, 2001 11:48 AM
To:	Miller, Mary Kay; Fossum, Drew; Porter, Gregory J.; Pavlou, Maria; Darveaux, Mary; Winckowski, Michele; Kirk, Steve; Hartsoe, Joe
Subject:	CPUC protest to TW RP97-288

Attached is the CPUC's Protest, Notice of Intervention and Request for Tech. Conference and/or hearing filed yesterday in RP97-288-017.

The CPUC is protesting the revised tariff sheets filed Oct. 31.

In a nutshell, the CPUC argues "the fundamental issue that should be investigated  is whether the maximum recourse rate is in fact functioning as the FERC intended to assure fair and reasonable use of negotiated rates by a pipeline with market power."


---------------------- Forwarded by Vicki Sharp/HOU/EES on 12/12/2000 03:41
PM ---------------------------

	Enron Energy Services

	From:  Vicki Sharp                           12/12/2000 03:41 PM
	Phone No: 713 853-7413

To: Steve Kean
cc:
Subject: Re: California contracts

Attached are some slides we prepared for the EES business folks which outline
some contractual issues in connection with California.
---------------------- Forwarded by Vicki Sharp/HOU/EES on 12/12/2000 03:40
PM ---------------------------

	Enron Energy Services

	From:  Mike D Smith                           12/12/2000 03:39 PM

To: Vicki Sharp/HOU/EES@EES
cc:
Subject: Re: California contracts

Here are the 4 California contract slides.


Dear Vince,

I am so grateful for your efforts.  I really appreciate you taking time from
your busy schedule.  If you have not contacted Michael Maddox, it's even
better.  I have updated and re-worded my resume to better reflect my
accomplishments.  Would you please contact Michael Maddox of CERA and forward
my resume to him?  His contact information is (617) 497 6446 or email:
mmaddox@cera.com

Have you had a chance to talk to David Port?  Maybe there are other options.
I am flexible and willing to do whatever it takes.

Sincerely,

Bessik Matchavariani
Manager
Enron Broadband Services
Tel: 713.345.7230
Fax: 713.646.8861
bessik_matchavariani@enron.net


Attached is the Weekly Report for week ending December 8.


fyi  Marg
---------------------- Forwarded by Margaret Carson/Corp/Enron on 08/21/2000
04:17 PM ---------------------------
From: Simon Shih on 08/21/2000 03:57 PM
To: Margaret Carson/Corp/Enron@ENRON
cc:

Subject:


Enjoy!
 - 20020130ERCOT_LOAD.XLS
 - 20020130ERCOT_FLOW.XLS


Please print the attachments.  Thank you.

 -----Original Message-----
From: 	Walls, Rob
Sent:	Tuesday, April 03, 2001 10:07 AM
To:	Derrick Jr., James; Jim McCartney (E-mail)
Subject:	FW: Notices of Arbitration and Conciliation (GOI)

 -----Original Message-----
From: 	"House, Andrew" <andrew.house@linklaters.com>@ENRON [mailto:IMCEANOTES-+22House+2C+20Andrew+22+20+3Candrew+2Ehouse+40linklaters+2Ecom+3E+40ENRON@ENRON.com]
Sent:	Tuesday, April 03, 2001 9:42 AM
To:	Lundstrom, Bruce
Cc:	Katwala, Sandeep; Walker, Christopher; Walls, Rob; Kraske, Paul; Cline, Wade; Brownfeld, Gail; 'bgordon@ben.bechtel.com'; 'richard.allison@gecapital.com'; 'Jose.Ibieta@gecapital.com'
Subject:	Notices of Arbitration and Conciliation (GOI)

On behalf of Christopher Walker I attach a GOI Notice of Conciliation and a
GOI Notice of Arbitration. These are in final form subject to any comments
which you may have and the correction of typographical errors.  I also
attach a draft covering letter to the GOI.

 <<010401_Notice_of_Conciliation.doc>>  <<Notice_of_Arbitration.doc>>
<<010403_DPC_ltr_Govt_India.doc>>

Andrew House
Solicitor
Linklaters, Hong Kong
a member firm of Linklaters & Alliance

Tel: (852) 2901 5236
Fax: (852) 2810 8133
andrew.house@linklaters.com

_____________________________________________________________

This e-mail is sent by or on behalf of Linklaters,
10/F Alexandra House, Chater Road, Hong Kong.

A list of the firm's principals will be provided to the
recipient(s) of this email upon request.

This statement is made in compliance with the Law Society of
Hong Kong's Practice Direction on the Format of Electronic
Communications.

This message is confidential. It may also be privileged or
otherwise protected by work product immunity or other legal
rules. If you have received it by mistake please let us know
by reply and then delete it from your system; you should not
copy the message or disclose its contents to anyone.
_____________________________________________________________

 - 010401_Notice_of_Conciliation.doc
 - Notice_of_Arbitration.doc
 - 010403_DPC_ltr_Govt_India.doc


That is great thank you.  I enjoyed you here.  Attached are Vladis files.  Call me when you get a chance so that I can go over them with you.  See you soon.

John

-----Original Message-----
From: Zivic, Robyn
Sent: Friday, November 02, 2001 6:38 AM
To: Griffith, John
Subject: Thank you

John
Your helpand teaching was greatly appreciated. Seeing how the market trades and how the EOL markets are maintained gives insight that is hard to recognise on the other side.
Please let us know if we canhelp withthe daily spreadsheet oerview- ifyou wouldn't mind forwarding on vladis page for richard and I to play with and adapt to what we need- that would be great and I can sendyou ours as we begin development
I hope you wouldn't mind if I call at the end of each day for a market recap and big flow information? Let me know what you think.
I will fedex a cheque for 400 on monday - is that cool?
Thanks again and good luck
Robyn
--------------------------
Sent from my BlackBerry Wireless Handheld (www.BlackBerry.net)


Kim-- how does this relate to the CalPx bankruptcy? Does the automatic stay
affect this? I would like to check with bankruptcy counsel?

-----Original Message-----
From: Kimberly Curry [mailto:kcurry@bracepatt.com]
Sent: Thursday, March 15, 2001 7:24 PM
To: dvermillion@avistaenergy.com; rreilley@coral-energy.com;
mhain@ect.enron.com; smara@enron.com; snovose@enron.com;
kzeitlin@mofo.com; rloeffler@mofo.com; jmcgrane@morganlewis.com;
john.fryer@pacificorp.com; timothy.bolden@pinnaclewest.com;
dmperlman@powersrc.com; rosteen@powersrc.com; paramfjord@stoel.com;
rcjosephson@stoel.com; sjkaplan@stoel.com; gdb@vnf.com; hes@vnf.com
Subject: Answer in Opposition

All:

Attached is a draft of our Answer in Opposition to the PX's February 26
Request for Clarification, on in the Alternative, Request for Rehearing, of
FERC's Feb. 14 Order Rejecting its proposal to relax its creditworthiness
requirements.  If you have any comments or revisions, please let me know as
soon as possible.  You may contact me by return email, or by phone at (202)
828-7623.

Kim


Stranger than fiction....
 -----Original Message-----
From: 	Webb, Jay
Sent:	Wednesday, May 23, 2001 2:05 PM
To:	Bibi, Philippe A.; Zipper, Andy
Subject:	1 millionth trade

Trader: John Hodge
User: ericgraffp
Counterparty: Coral Energy Resources L.P.
Product: US Gas Phy  TCO Pool   24May01    USD/MM
Time: 5/23/2001 8:41:22 am


FYI -  Just wanted to let everyone know my extension.
(54013)
                                Also, if you really need something and I am
not at my
                                desk or at lunch, you can page me.
(713-707-5609).
                                My mobile number is (281-799-5593).  If you
need anything
                                just give me a call.

                               Thanks,
                               Brandee


Jeff, yet another email.  This article just got re-written but obviously
needs to be updated.  What do you think about putting in your name on this?

Mike
---------------------- Forwarded by Mike McConnell/HOU/ECT on 07/28/2000
07:50 AM ---------------------------

Doug Morgan@ENRON
07/28/2000 07:49 AM
To: Mike McConnell/HOU/ECT@ECT
cc:
Subject: Final version

Hi Mike--

Thanks for the added comments and corrections to the first draft.  Here's the
final, if you'd just send me back an okay, so we can move forward with it.

Thanks again for your cooperation.

Doug


market_relations@nyiso.com writes to the NYISO_TECH_EXCHANGE Discussion List:

Dear Market Participants,

The following software updates will become active on October 30, 2001.

The NYISO web infrastructure will be enhanced through the
implementation of BEA's WebLogic product. The new application
server will be the platform utilized by the MIS to provide
bidding and scheduling capability to Internet customers. The
new software replaces the NetDynamics product, will provide
the same functionality, and will be a more robust and reliable
development platform for future enhancements.

Enhancements will be made to the software that generates the
Pre-MGF (Master Generator File) file used by transmission owners
in the event of a Backup Dispatch System (BDS) activation. The
enhancements will ensure more accurate operation of the BDS system.

The NYISO web page will be modified to add a ticker function
that displays the real-time load information.

Multiple preliminary software changes will be made to the MIS,
SPIDER, and BAS systems in preparation for the activation of
Virtual Bidding in the NYISO energy markets on November 1, 2001.
Activation of Virtual Bidding is pending approval by the FERC.

If you have any questions, please call your Customer Relations
representatve or the Help Desk at 518-356-6060.

Regards,

Customer  Relations


I talked to Tracy Fairchild today about Edelman's efforts on behalf of ARM
and the Direct Access Coalition and learned the following:

The DA Coalition is willing to take media calls -- Tracy has identified
coalition members who will talk to the media, and she is forwarding to me the
list of these members and their contact information.  The three lead
organizations in the coalition are the California Retailers Association, the
California Chamber of Commerce and the California Manufacturers and
Technology Association.

Since February, these key members have changed their position on whether to
participate in a press conference, and now they do not want to participate in
a media event.  The reason is that there are other energy issues they're
working on with legislators that they feel are more important than direct
access (rate increase unfairly targets large businesses, interruptible
issues, etc.).  They fear that if they participate in a direct access press
conference, that issue will appear to be more important to them than these
other issues.  In addition, there is now a desire by these organizations to
distance themselves from ESPs because of the turnback of customers.  Many of
the businesses are not thrilled with how direct access has worked, and ESPs
are viewed as the bad guys. Furthermore, these business organizations view a
press conference as offensive to the legislature and governor.

One universal comment that Tracy had received from the DA Coalition and ARM
members is that any event should not include Enron participation.  The UC/CSU
issue has really painted us in a bad light, and no one wants to be associated
with us.

Tracy has been pleading for customers who are willing to talk about direct
access, and she is starting to get a few.  Once she has customers, she
believes she can pull together a press conference.  The target date is the
week of April 16, although that may change so it doesn't coincide w/ the
investigation hearings.

ARM has been talking about introducing its own bill.  She'll keep me posted
on this.

Early on, Tracy had been successful pitching the retail story.  She's now
working on a second mainstream media pitch about the conflict surrounding
direct access: legislation is needed to fix AB1X, the utilities want to kill
direct access, businesses want choice,  ARM has been screwed by Bowen (i'm
sure she'll soften this angle) and  CDWR has concerns about direct access.

I'll pass along any new information as I receive it.
thx.
kd


-----Original Message-----
From: 	Ha, Kenny
Sent:	Friday, July 20, 2001 4:11 PM
To:	Stokley, Chris
Cc:	Symms, Neal
Subject:	Re: FW: Resume

Chris,

I believe Neal Symms is working with Sung-Hang's boss for transition him over to EES.

Kenny H.

From:	Chris Stokley/ENRON@enronXgate <mailto:Stokley/ENRON@enronXgate> on 07/20/2001 03:36 PM
To:	Kenny Ha/HOU/EES@EES <mailto:Ha/HOU/EES@EES>
cc:
Subject:	FW: Resume

Give me your thoughts on the e-mail below.

 -----Original Message-----
From: 	Frazier, Michael
Sent:	Friday, July 20, 2001 1:30 PM
To:	Richter, Jeff; Stokley, Chris
Cc:	Bresnan, Neil
Subject:	Resume

This is the gentleman we discussed several weeks ago from EBS who understands the "old" EES system set-up very well.  He worked with John Henderson (New Power), Anoush Farhangi (New Power), Vivian Hart (EES- IT), and others in the establishment of several databases (e.g., Pub DB) and systems applications when EES was first getting started.  He might be a great candidate to help transition EES systems into the established EWS systems you prefer as an end solution.
Michael

FYI:  The word is that HR has a moratorium of some sort on placing former EBS staff with IT.  That's why this guy is now available -- he wants some options.
---------------------- Forwarded by Michael Frazier/HOU/EES on 07/20/2001 03:13 PM ---------------------------
From:	Sung-Hang Tsang/Enron@EnronXgate <mailto:Tsang/Enron@EnronXgate> on 07/20/2001 12:15 PM
To:	Michael Frazier/HOU/EES@EES <mailto:Frazier/HOU/EES@EES>
cc:
Subject:	Resume

Michael,

	Enclosed is a copy of my resume.  Please forword it to the whoever is concerned.  Thanks.  Talk to you later.

SH