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NewsBeat:Daily News 10/17/2001

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Contents

Sept. papermaker pulp consumption jumps in Europe; stocks continue up ( More <http://www.forestweb.com/digest/news.control.taf?_section=view&_function=detail&EDITION_ID=1926&_UserReference=C8237C6D6B017E853BCE4829#story14436>...)
U.S. containerboard holds positive signs despite shaky September ( More <http://www.forestweb.com/digest/news.control.taf?_section=view&_function=detail&EDITION_ID=1926&_UserReference=C8237C6D6B017E853BCE4829#story14424>...)
LP to close BCTMP pulp mill in Chetwynd, B.C., until new owner found ( More <http://www.forestweb.com/digest/news.control.taf?_section=view&_function=detail&EDITION_ID=1926&_UserReference=C8237C6D6B017E853BCE4829#story14420>...)
Mets?liitto pulp mill project in Latvia may fall through ( More <http://www.forestweb.com/digest/news.control.taf?_section=view&_function=detail&EDITION_ID=1926&_UserReference=C8237C6D6B017E853BCE4829#story14442>...)
IMERYS to raise prices on paper grade kaolin and calcium carbonate Products ( More <http://www.forestweb.com/digest/news.control.taf?_section=view&_function=detail&EDITION_ID=1926&_UserReference=C8237C6D6B017E853BCE4829#story14451>...)
Western-region demand for whole-log chips continues to wane ( More <http://www.forestweb.com/digest/news.control.taf?_section=view&_function=detail&EDITION_ID=1926&_UserReference=C8237C6D6B017E853BCE4829#story14414>...)
Ford apologizes for anti-wood ads, agrees to run pro-wood messages ( More <http://www.forestweb.com/digest/news.control.taf?_section=view&_function=detail&EDITION_ID=1926&_UserReference=C8237C6D6B017E853BCE4829#story14461>...)
LP schedules rolling two-weeks of market-related downtime at most lumber mills ( More <http://www.forestweb.com/digest/news.control.taf?_section=view&_function=detail&EDITION_ID=1926&_UserReference=C8237C6D6B017E853BCE4829#story14418>...)
Oregon: hardwood plywood maker States Industries cuts 55 jobs at Eugene veneer plant ( More <http://www.forestweb.com/digest/news.control.taf?_section=view&_function=detail&EDITION_ID=1926&_UserReference=C8237C6D6B017E853BCE4829#story14409>...)
September housing starts are up but permits drop compared to August and year ago ( More <http://www.forestweb.com/digest/news.control.taf?_section=view&_function=detail&EDITION_ID=1926&_UserReference=C8237C6D6B017E853BCE4829#story14427>...)

Sept. papermaker pulp consumption jumps in Europe; stocks continue up

10/17/2001 12:36:40, Forestweb

By Diane Keaton

SAN FRANCISCO, Oct. 17, 2001 (Forestweb) -- European chemical paper-grade market pulp users' consumption increased by 16.3% to 1,083,582 tonnes and stocks increased by 1.2% ...
( Story... <http://www.forestweb.com/digest/news.control.taf?_section=liststories&_function=detail&FORESTWEBNEWS_uid1=14436&_UserReference=C8237C6D6B017E853BCE4829>)

top of page <http://www.forestweb.com/digest/news.control.taf?_section=view&_function=detail&EDITION_ID=1926&_UserReference=C8237C6D6B017E853BCE4829#top>
  _____

U.S. containerboard holds positive signs despite shaky September

10/17/2001 10:04:13, Forestweb

By James McLaren

SAN FRANCISCO, Oct. 17, 2001 (Forestweb) - The corrugated container market in the U.S. remained mixed in September, as box shipments went down slightly year-over-year, and inve...
( Story... <http://www.forestweb.com/digest/news.control.taf?_section=liststories&_function=detail&FORESTWEBNEWS_uid1=14424&_UserReference=C8237C6D6B017E853BCE4829>)

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  _____

LP to close BCTMP pulp mill in Chetwynd, B.C., until new owner found

10/17/2001 09:00:52, BW

CHETWYND, B.C., Oct. 17, 2001 (Business Wire/press release) -- Louisiana-Pacific Canada Ltd. today announced that it will indefinitely close its hardwood bleached-chemi-thermo-mechanical pulp (BCTMP) mill in Chetwynd, British Columbia. ...
( Story... <http://www.forestweb.com/digest/news.control.taf?_section=liststories&_function=detail&FORESTWEBNEWS_uid1=14420&_UserReference=C8237C6D6B017E853BCE4829>)

top of page <http://www.forestweb.com/digest/news.control.taf?_section=view&_function=detail&EDITION_ID=1926&_UserReference=C8237C6D6B017E853BCE4829#top>
  _____

Mets?liitto pulp mill project in Latvia may fall through

10/17/2001 13:14:07, Helsingin Sanomat

Oct. 17, 2001 (Helsingin Sanomat) -- A large new pulp mill that has been planned in Latvia will not be allowed to fell trees in forests owned by the Latvian state, says Latvian Minister of Agriculture Atis Slakteris. His announcement means that the project, a joint undertaking of Finnish forest company Mets?liitto, Swedish forest company S?dra, and the Latvian state, may not be realised. The project would cost over FIM 5,000 million. [US$760 million]. The Latvian state is prepared to provide guarantees for the supply of raw materials, but Mets?liitto is not satisfied with these guarantees. ...
( Story... <http://www.forestweb.com/digest/news.control.taf?_section=liststories&_function=detail&FORESTWEBNEWS_uid1=14442&_UserReference=C8237C6D6B017E853BCE4829>)

top of page <http://www.forestweb.com/digest/news.control.taf?_section=view&_function=detail&EDITION_ID=1926&_UserReference=C8237C6D6B017E853BCE4829#top>
  _____

IMERYS to raise prices on paper grade kaolin and calcium carbonate Products

10/17/2001 13:51:15, BW

ATLANTA, Oct. 17, 2001 (press release) -- The Americas Paper Division of IMERYS Pigments and Additives announced today that it will implement price increases on all paper grade kaolins and calcium carbonate products effective January 1, 2002. ...
( Story... <http://www.forestweb.com/digest/news.control.taf?_section=liststories&_function=detail&FORESTWEBNEWS_uid1=14451&_UserReference=C8237C6D6B017E853BCE4829>)

top of page <http://www.forestweb.com/digest/news.control.taf?_section=view&_function=detail&EDITION_ID=1926&_UserReference=C8237C6D6B017E853BCE4829#top>
  _____

Western-region demand for whole-log chips continues to wane

10/17/2001 07:40:55, Forestweb

By Linda K. Barr

PORT ORCHARD, Wash., Oct. 17, 2001 (Forestweb) -- Wood fiber consumption at the 22 pulp mills in the western region of the U.S. is down 13 percent this year (through September...
( Story... <http://www.forestweb.com/digest/news.control.taf?_section=liststories&_function=detail&FORESTWEBNEWS_uid1=14414&_UserReference=C8237C6D6B017E853BCE4829>)

top of page <http://www.forestweb.com/digest/news.control.taf?_section=view&_function=detail&EDITION_ID=1926&_UserReference=C8237C6D6B017E853BCE4829#top>
  _____

Ford apologizes for anti-wood ads, agrees to run pro-wood messages

10/17/2001 15:16:32, Forestweb

By Kathy Porter

ATLANTA, Oct. 17, 2001 (Forestweb) -- Ford Motor Co. has responded to criticism from the wood-products industry, which has decried the automaker's placement of anti-wood messages ...
( Story... <http://www.forestweb.com/digest/news.control.taf?_section=liststories&_function=detail&FORESTWEBNEWS_uid1=14461&_UserReference=C8237C6D6B017E853BCE4829>)

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  _____

LP schedules rolling two-weeks of market-related downtime at most lumber mills

10/17/2001 08:33:02, BW

PORTLAND, Ore., Oct. 17, 2001 (Business Wire/press release) -- Louisiana-Pacific Corp. today announced that the company will be taking market-related downtime at most of its North American lumber facilities. ...
( Story... <http://www.forestweb.com/digest/news.control.taf?_section=liststories&_function=detail&FORESTWEBNEWS_uid1=14418&_UserReference=C8237C6D6B017E853BCE4829>)

top of page <http://www.forestweb.com/digest/news.control.taf?_section=view&_function=detail&EDITION_ID=1926&_UserReference=C8237C6D6B017E853BCE4829#top>
  _____

Oregon: hardwood plywood maker States Industries cuts 55 jobs at Eugene veneer plant

10/17/2001 04:37:28, The Register-Guard (Eugene, Ore.)

By Joe Harwood EUEGENE, Ore., Oct. 16, 2001 (The Register-Guard) -- States Industries Inc., a maker of specialty plywood, has shed 55 jobs, or about 14 percent of its Eugene work force, blaming a slowdown in orders for its products....
( Story... <http://www.forestweb.com/digest/news.control.taf?_section=liststories&_function=detail&FORESTWEBNEWS_uid1=14409&_UserReference=C8237C6D6B017E853BCE4829>)

top of page <http://www.forestweb.com/digest/news.control.taf?_section=view&_function=detail&EDITION_ID=1926&_UserReference=C8237C6D6B017E853BCE4829#top>
  _____

September housing starts are up but permits drop compared to August and year ago

10/17/2001 10:22:18, Press Reports

Oct. 17, 2001 (Forestweb and press reports) -- Permits for new U.S. housing units fell 3 percent from August (-2% from a year ago) while actual new housing starts increased 2 percent from August (+4% from a year ago)in September. ...
( Story... <http://www.forestweb.com/digest/news.control.taf?_section=liststories&_function=detail&FORESTWEBNEWS_uid1=14427&_UserReference=C8237C6D6B017E853BCE4829>)

top of page <http://www.forestweb.com/digest/news.control.taf?_section=view&_function=detail&EDITION_ID=1926&_UserReference=C8237C6D6B017E853BCE4829#top>
  _____

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The following attachments relate to the last two agenda items for tomorrow's
call.

Alan C.


We are launching a number of committees to perform key functions across
Enron.  Enron,s breadth of activities and nonhierarchal organization make it
increasingly necessary to broaden the participation of Enron,s next
generation of leadership in the important decisions affecting the company.
Broadening participation will result in increased access to information as
decisions are made and will allow committee members to extend their working
relationships and influence throughout the company.

The committee charters and memberships are set forth below.  Not everyone
listed has been contacted in advance.  We urge you to serve if at all
possible, but, if you cannot, please contact the committee chair.

VP PRC

The VP PRC will continue to be responsible for evaluating the performance of
Enron,s Vice Presidents, determining promotions to Vice President, and
recommending promotions to Managing Director.  Additionally, the VP PRC will
review and propose changes to the PRC process, the performance evaluation
criteria and the promotion criteria.

The VP PRC will be chaired by Dave Delainey and its membership is as follows:

Tim Belden	Ben Glisan	Danny McCarty
Michael Brown	Joe Gold	Jeff McMahon
Rick Buy	Mark Haedicke	Rob Milnthorp
Wes Colwell	Jim Hughes	Matthew Scrimshaw
David Cox	Louise Kitchen	Jeff Shankman
Janet Dietrich	Michael Kopper	Richard Shapiro
Dave Duran	John Lavorato	Marty Sunde
Jim Fallon	Dan Leff

Analyst/Associate PRC

The analyst/associate PRC will be divided into 3 groups.  Enron Europe will
have the same committee evaluate analysts and associates.  This group will be
chaired by John Sherriff and its membership is as follows:

Pierre Aury	Kevin Heffron	Andreas Radmacher
Rob Bayley	Joe Hirl	Stuart Rexrode
Paul Chivers	Chris Mahoney	Marcello Romano
Markus Fiala	Christopher McKey	Bjarne Schieldrop
David Gallagher	Roy Poyntz	Ron Slimp
Bruce Garner	Paul Quilkey	Rob Stewart

The associate PRC for the Americas will be chaired by Stan Horton and its
membership is as follows:

Sally Beck 	Troy Henry	Kevin Presto
Jeremy Blachman	Sean Holmes 	Brad Richter
Don Black	Sean Long 	Stewart Seeligson
Dan Castagnola 	Rodney Malcolm	Hunter Shively
Joe Deffner	Scott Neal 	Jim Steffes
Kevin Garland	John Nowlan 	Andy Zipper
David Gorte	Ozzie Pagan

The analyst PRC for the Americas will be chaired by Steve Kean and its
membership is as follows:

Federico Cerisoli 	Mark Jackson 	Everett Plante
Jennifer Fraser 	Ben Jacoby 	Paul Racicot
Derrick Davies	Steve Jernigan 	Angela Schwarz
Scott Gahn 	Jay Lewis 	Ed Smida
Rod Hayslett	Cheryl Lipshutz 	Jon Thomsen
Rogers Herndon 	Michael Mann	Emilio Vicens
Brenda Herod 	Ed McMichael 	Frank Vickers
Kevin Howard 	Steve Meyers

Analyst/Associate Program

The most essential determinant of Enron,s continued growth is our ability to
attract and develop new talent.  The analyst/associate program has been the
biggest contributor to our success in this area.  Charlene Jackson, currently
leading our analyst/associate program, has taken a commercial position in
EES, account management organization.  We thank Charlene for her hard work
and many contributions to the program.  Going forward, this program will be
administered by a committee chaired by John Sherriff, CEO of Enron Europe.
The members of this committee are listed below.  Billy Lemmons, currently
Vice President of Enron Global Markets, will lead the day-to-day operations
of the program. Billy joined Enron in 1992, and has served in a variety of
commercial capacities across the company and has been an active participant
in the Associate /Analyst program.  Please join us in congratulating Billy on
his new responsibilities.

Phillip Allen	Andy Fastow	Eric Shaw
Robina Barker-Bennett	Kevin Garland	Hunter Shively
Rick Causey	Ken Rice	Stu Staley
Joe Deffner

Culture

We are combining the vision and values, diversity and corporate
responsibility committees into a single corporate culture committee chaired
by Ken Lay.  Cindy Olson, Beth Tilney and Kelly Kimberly will serve as
executive directors of this committee.  This committee will focus on
leadership and work-life issues (making it easier to attract and retain the
best talent), in addition to continuing the work of the vision and values,
diversity and corporate responsibility task forces.  The members of this
committee are as follows:

Greg Adams	Louise Kitchen	Mark Palmer
Shelley Corman	Michael Kopper	Paula Rieker
Janet Dietrich	Richard Lewis	Jeff Shankman
Jeff Donahue	Sean Long	Mitch Taylor
Gene Humphrey	Dan McCarty	Mike Terraso
Robert Jones	Jean Mrha

The Corporate Policy Committee will conduct the MD PRC and review the
recommendations of the other committees, giving substantial deference to the
decisions of those other committees.  We will be forming other committees to
deal with other significant functions, tasks and issues facing the company.


---------------------- Forwarded by Sally Beck/HOU/ECT on 10/17/2000 02:51 PM
---------------------------

Kenneth Horton@ENRON_DEVELOPMENT
10/16/2000 05:13 PM
To: Sally Beck@ECT
cc: Lynn Bellinghausen/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
Subject: Doorstep Meeting

Sally,

Following our Doorstep meeting today, I am following up on your request that
I forward to you the list of Portland transactions for which we still require
documentation, e.g. invoices, SAP entries, etc.  For the Settlements testing
only, we reduced the deal population from 23 to ten randomly-selected
transactions, in order to facilitate the Settlement group's ability to
complete both its monthly close obligations and our Doorstep request.  The
deal selection is indicated in yellow, and the missing items, in green.

Also per your request, attached are the five "non-standard" deals for which
we have been unable to obtain any information at all.  Our primary need is
just to get a basic understanding of these transactions.

Colorado Springs Utilities  10/1/98-9/30/03 Colorado 50-150 MWs
BPA     10/1/01-12/31/05 NW Delivered 105 MWs
Welded Tube    1/1/98-6/30/05 PGE - NW 5.2-12MWs
British Columbia Power Exchange 1/1/98-1/1/15 COB 85-176 MWs
Harbor Cogen

Thank you for your help, Sally,
Ken


gbrector@houston.rr.com


Hi again.  Good to talk with you on the phone today - it's been awhile and I'm glad you're taking the opportunity to ESCAPE THE EVIL EMPIRE for a few days.

Here's a rundown of the restaurants again:
Nobu - Asian
Union Street Cafe - American
Ruby Foo - Asian
Asia de Cuba - Asian/Cuban
Del Frisco's - Steak
Provence - French/Romantic
Periyali - Greek
If you want Italian, there are supposed to be some good places on the Upper East Side but I haven't tried any yet.
Mercer Kitchen - SoHo
La Grange - Great place for a Saturday Brunch in SoHo/Village Area
Cafe Lalo - Desert Place (Good Cheesecake  - it's where Tom Hanks went to check out Meg in You've Got Mail)

As for business, I am attaching the messaging points put forth by the Independent Power Producers of New York and the two-page summary of the focus group research we did back in April.  I will either foward you ALEC's Energy Day itinerary or FAX it to you.  I don't have it as an attachment.  Thanks for coming out here to do this, and I'll see you Thursday!


FYI.  I am sending Vince some materials we have used
----- Forwarded by Steven J Kean/NA/Enron on 09/20/2000 09:21 AM -----

	Vince J Kaminski@ECT
	09/18/2000 01:26 PM

		 To: Steven J Kean/NA/Enron@Enron
		 cc: Charlene Jackson/Corp/Enron@ENRON, Celeste Roberts/HOU/ECT@ECT, Vince J
Kaminski/HOU/ECT@ECT, Ashley Baxter/Corp/Enron@Enron
		 Subject: Presentation to faculty and students at Berkeley

Steve,

I am a lead recruiter at the University of California at Berkeley for
Enron Analyst/Associate program.

I contacted several friends who work at Berkeley and received an invitation
from one of them to make a presentation at the weekly Faculty Seminar
of the Dept. of Industrial Engineering and Operations Research.

The students and faculty members from the business school will be also
invited.

Berkeley in general, and Department of Industrial Engineering and Operations
Research in
particular, are important centers of academic research on electricity markets
(S. Oren works very closely with Severin Borenstein).

My presentation will focus on the Analyst/Associate program. I shall  also
have
an opportunity to discuss the power markets in California (I expect many
questions) before many experts who are very  important to shaping
public opinion and regulatory agenda.

Please, let me know who in you group could help me in preparing this
presentation
and in presenting  Enron's point of view in a more effective way.

Vince

FYI. The name of my friend who invited me:

Shmuel S. Oren, Professor
Dept. of Industrial Engineering
and Operations Research
4117 Etcheverry Hall
University of California
Berkeley, CA 94720-1777


I'll have to send the notice separately.

John's number is 713 751-3254.

Kay
---------------------- Forwarded by Kay Mann/Corp/Enron on 03/16/2001 11:53
AM ---------------------------
From: Suzanne Adams@ECT on 01/17/2001 02:47 PM
To: kwiemer@milbank.com, Kathleen Carnahan/NA/Enron@Enron, Kay
Mann/Corp/Enron@Enron
cc:

Subject: E-Next Generation Docs

Attached are the documents that you asked me to change the signature line:


Hi,

    Previously I forwarded an email to you which contain a list of options products we are considering making markets in.

    Many of you have asked for more details on these (exotic) options products.

    In response to this request, I will be periodically forward modules to your attention which give further details on these options products.

    Please do not hesitate to contact me if you have any questions, comments, etc.

Regards,
Iris
Power Options Trading Desk
x3-6711


Looks good.

Errol

Dawn C Kenne@ECT
03/02/2001 04:08 PM
To: Errol McLaughlin/Corp/Enron@ENRON
cc:

Subject: Re: Option Testing

Try these....QS9294 and QS9295

Errol McLaughlin@ENRON
03/02/2001 04:01 PM
To: Dawn C Kenne/HOU/ECT@ECT
cc:

Subject: Re: Option Testing

Sorry Dawn, QS7544 is not correct.  This deal is an option and is booked to
NG-Exotic.  It should be booked to NG-PR-OPT.

Thanks,

Errol

Dawn C Kenne@ECT
03/02/2001 11:09 AM
To: Errol McLaughlin/Corp/Enron@ENRON
cc: Torrey Moorer/HOU/ECT@ECT, Tara Sweitzer/HOU/ECT@ECT, Jeffrey C
Gossett/HOU/ECT@ECT

Subject: Option Testing

Errol, can you look at these deals in tagg stage and let me know if this is
how they are supposed to look?  These are the deals with the option having
NG-PR-OPT, but the swap remaining the same as before.  If everything looks ok
we will put into production this evening.

Let me know...

QS7544 and QS7545

Dawn


OpenLink Financial

[IMAGE]	 [IMAGE]

      HOME  | GAS NEWS  | EVENTS  | JOBS  | BUSINESS CENTERS  | DIRECTORIES  | DATA CENTER    MONDAY, NOVEMBER 19, 2001

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FERC meets on LNG plant restart security  WASHINGTON, Nov. 16 (Reuters) - Federal energy market regulators met on Friday with state and local officials to discuss national security concerns connected with restarting a liquefied natural gas plant near the Calvert Cliffs nuclear power plant in southern Maryland.     Indigent Gas Fund Plan in Georgia Faces Money Woes  By Matthew C. Quinn, The Atlanta Journal-Constitution, Nov. 16 Gov. Roy Barnes' proposal to erect a safety net for tens of thousands of consumers who can't pay their natural gas bills landed at the Public Service Commission Thursday like a pricey restaurant check.     Missouri Gas Energy Sues over New State Rules on Customer Reconnection  By Steve Everly, The Kansas City Star, Mo., Nov. 17 Missouri Gas Energy has sued to stop state regulators from relaxing rules that allow consumers who haven't paid their gas bill to be reconnected.      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Futures      Natural gas weaker as long liquidation continues to weigh; weak fundamentals   Nov 16, 2001 (TradeSignals via COMTEX) -- Natural gas futures extended downside negativity in Thursday's session as long liquidation continues to weigh on trade.      Nymex Natural Gas Review: Lifted by Technical Bounce  Nov 16, 2001 - FWN Financial News Natural gas futures finished higher today, getting a lift on a technical bounce and perhaps also continuing to react some to activity taking place in the petroleum energy futures, sources said.      LNG      For National Security Reasons, FERC Considers Revising Cove Point LNG LP's Authority Regarding LNG Operations  Nov. 19 (Btu Watch) Earlier this year, Cove Point LNG Limited Partnership (Cove Point) requested permission to provide LNG tanker services on a firm and interruptible basis and under proposed new Rate Schedules LTD-1 and LTD-2 to BP Energy Company, Shell NA LNG, Inc., and El Paso Merchant Energy, L.P. Special Offer from this Publisher!       Pipelines      Energy firms re-group on Alaska natgas pipeline  WASHINGTON, Nov 15 (Reuters) - Major gas transmission companies have agreed to reconstitute a partnership to carry natural gas from Alaska to markets in Canada and the lower 48 U.S. states, Alaskan Sen. Frank Murkowski announced on Thursday.      NEW AUSTRALIAN PIPELINE SET TO DELIVER GAS IN LATE 2003   PERTH, Nov 16, 2001 (AsiaPulse via COMTEX) -- Origin Energy managing director Grant King said today that Australia's SEA gas pipeline between Victoria and Adelaide was on time and on budget, and would deliver gas in late 2003.      EU study of Caspian area oil, gas pipelines compares routes, costs  Nov 17 - Oil & Gas Journal Under auspices of the European Union, two studies of pipeline transportation out of Caspian Sea producing areas have concluded that such systems are technically, economically, and environmentally feasible but depend critically on route selection.      Comprehensive Rules Unlikely for Rural Pipelines  Nov 18, 2001 - Cox News Service Dennis Holubec raises cotton and cows on 3,500 acres in the West Texas oil patch. Drought and low commodity prices have forced him to shave costs, so he's been installing underground pipes and hoses that deliver irrigation water to the roots of cotton plants, eliminating evaporation losses from traditional sprinkling.      Rates    For more information on rate tariffs visit Gas Rate Tariffs   [IMAGE]    New Jersey Natural Gas Expects 12-Percent Decrease in Rate for Customers  By David P. Willis, Asbury Park Press, N.J., Nov. 16 New Jersey Natural Gas Co. customers will see rates drop 12 percent by Jan. 1 as the company takes advantage of a drop in wholesale natural gas prices, a spokeswoman said yesterday.      Lexington Reduces Its Gas Rates Again; The Reduction Could Mean A $10 Saving In December's Bills.  Nov 15 - Greensboro News Record The City Council has lowered its natural gas rate, which will mean homeowners will be paying less to heat their houses this month.      Rigs      Baker Hughes-U.S. rig count down 17, Canada down 2  NEW YORK, Nov 16 (Reuters) The number of rigs searching for oil and gas in the United States fell by 17 to 993 during the week ending Nov. 16, according to oil services firm Baker Hughes.      General      Energy Price Drop of 6.3 Percent in October Affects Other Parts of Economy  By L.M. Sixel, Houston Chronicle, Nov. 17 Energy prices fell 6.3 percent during October, the biggest drop in 15 years, which pushed overall consumer prices down 0.3 of a percentage point, the U.S. Bureau of Labor Statistics reported Friday.      Energy plug: The majors' shift to natural gas  Nov 15 - Monthly Energy Review Interest in natural gas has risen in recent years, stimulated by environmental concerns, price volatility, and deregulation of natural gas markets, and major U.S. energy companies have made it an increasingly important investment focus.      Lawmakers seek to close public utility records  Nov 15 - Florida Times Union When the Times-Union requested public records from the JEA this summer, it found an eye-opening story: Some homeowners had used millions of gallons of water to maintain their lawns while Jacksonville suffered from a drought.      Trading/Marketing      RWE's Trading unit to also trade energy in London   ESSEN, Germany, Nov 16, 2001 (AFX-UK via COMTEX) -- RWE AG said its Trading unit will trade energy in London in addition to oil, gas and coal.      Deals/Contracts      Natural Gas Contracts Are Beneficial To Companies: Pemex   MEXICO CITY, Nov 15, 2001 (Reforma/Corporate Mexico by Internet Securities, Inc. via COMTEX) -- Pemex Gas and Basic Petrochemicals Director Marcos Ramirez Silva said the company has no intention of canceling its contracts with industrial gas consumers to supply them with natural gas for three years at the fixed price of 4 dollars per million BTUs, reported Mexico City daily Reforma.      Legal      Energy Seller Plans to Buy Back Stock in Trading Operation Despite Lawsuits  By Steve Everly, The Kansas City Star, Mo., Nov. 16 UtiliCorp United Inc. is facing 10 lawsuits over its plans to reacquire all stock in Aquila Inc., but a top UtiliCorp executive said Thursday that the company was hearing little opposition and had no plans to change its offer.      Large pension funds weigh legal options over Enron  By Martha Slud, NEW YORK, Nov 16 (Reuters) Some big pension funds that invested in Enron Corp. said on Friday they are considering legal options in the wake of the energy giant's stock collapse and a regulatory probe of its dealings.      Wisconsin Agency's Counsel Comes Under Fire for Excluding Non-Lawyers  By Lee Hawkins Jr., Milwaukee Journal Sentinel, Nov. 16 State Senator Rod Moen and several business and consumer groups blasted the Public Service Commission's lawyer Monday for a legal opinion that non-lawyers should not be allowed to participate in rate cases and other formal agency proceedings.      People      Executive of Pittsburgh-Area Electricity Supplier Transfers Back to Virginia  By Frank Reeves, Pittsburgh Post-Gazette, Nov. 15 Dominion Resources Inc. said it planned to eliminate 19 -- or nearly a quarter -- of its senior managers by year's end and will transfer its top local manager back to its Richmond, Va., headquarters.      President of Western Resources Subsidiary in Kansas to Retire  The Wichita Eagle, Kan., Nov. 15 The president of KGE announced his retirement Wednesday, the same day that executives of Western Resources unveiled plans to merge KPL and KGE under a new name, Westar Energy.      Cal-PERS Will Block Old Enron Board from Joining New One  Nov. 18 (California Energy Markets) The California Public Employees Retirement System, which owns three million shares of the battered giant Enron, announced at the end of a closed-door meeting it will oppose the appointment of current Enron board members to the merged Enron-Dynegy company board. Special Offer from this Publisher!       Labor/Human Resources      Belgian Gas And Electricity Unions Accept Electrabel Offer  Nov 17, 2001 - FT World Media Abstracts via Comtex Belgian gas and electricity sector unions, respectively FEG and CGSLB, have accepted the terms of a protocol agreement on the status of employees at Electrabel.      Financial      Gazprom May Receive $200M Credit From Western Banks   Moscow, Russia, Nov 16, 2001 (RosBusinessConsulting via COMTEX) -- The Russian gas giant Gazprom has signed an agreement with a group of western banks about a long-term credit worth $200 million for five years.      Enron plans to sell off losing assets  Nov 16 - Tulsa World Enron Corp., the once-mighty energy trader, is dumping money-losing assets and focusing on its core wholesale power marketing business as it moves toward a merger with rival Dynegy Inc.      Financial - Results      The Times: Bg Given A Lift by High UK Gas Price  Nov 16, 2001 - FT World Media Abstracts via Comtex BG increased its operating profits for the third quarter by 20% to GBP202m, due primarily to a 22% rise in gas prices.      Energy firms buck the trend  Nov 16 - The Guardian Two leading British energy groups, BG and International Power, yesterday brushed aside sliding oil and power prices as they delivered higher profits and forecast earnings growth.      International      Eni sees growth through takeovers, exploration  MILAN, Nov 17 (Reuters) Italian oil and gas group Eni wants to expand its way into the heavyweight league by buying more companies and increasing its exploration activity, top managers were quoted as saying on Saturday.      Ukraine Approves Russian Gas Debt Deal   Moscow, Russia, Nov 16, 2001 (RosBusinessConsulting via COMTEX) -- Ukraine's parliament ratified on Thursday key agreements between Kiev and Moscow on restructuring debts for Russian natural gas supplies, opening the way for the government to start the repayments.      Gaz de France to Invest US$500mn in Gas Transport   Mexico, Nov 16, 2001 (BNamericas.com via COMTEX) -- France's state gas company Gaz de France will invest US$500mn in Mexico in the next five years in projects related to gas transportation, the company's president of Mexican operations Gerard Mallett said, newspaper El Economista reported.      Energy Dept, Mexico State Sign Gas Accord   Mexico, Nov 16, 2001 (BNamericas.com via COMTEX) -- Mexico's federal Energy Department head Ernesto Martens Rebolledo has signed a coordination agreement with Mexico state governor Arturo Montiel Rojas on the distribution, transport and storage of natural gas in Mexico state.      Private Industry Holds Back On Energy Investments   MEXICO CITY, Nov 16, 2001 (El Universal/Corporate Mexico by Internet Securities, Inc. via COMTEX) -- Private industry held back 15.683 billion pesos of investment in the Mexican energy sector this year, despite having agreed with Petroleos Mexicanos (Pemex) and the Federal Electricity Commission (CFE) to make these investments, reported Mexico City daily el Universal.      French Government to Privatise Gas Transport Infrastructure  Nov 15, 2001 - FT World Media Abstracts via Comtex Having privatised the motorways, the French government is now turning its gaze to France's gas transport infrastructure.      Vattenfall Interested in Co-Operation with German Gas Supplier Vng  Nov 16, 2001 - FT World Media Abstracts via Comtex Verbundnetz Gas AG, Germany's second-largest gas supplier, would be affected if the conglomerate E.ON AG were to succeed in acquiring a majority stake in Ruhrgas, the country's largest gas supplier, as it is thought that Ruhrgas would have to reduce its stake in VNG from the current 36.84 per cent.      Half a billion dollars to be spent on upgrading Kazakh gas system  Nov 15 - BBC Monitoring Central Asia The Oil and Gas Transportation [OGT] company [Transport Nefti i Gaza] company has drawn up a programme whereby approximately 500m dollars will be invested in the development of the country's gas transportation system by 2005, OGT first deputy general director, Kairgeldy Kabyldin, told journalists in Almaty today.      Distribution/LDCs      CRE To Begin Tenders Of Gas Distribution In 2002   MEXICO CITY, Nov 16, 2001 (Reforma/Corporate Mexico by Internet Securities, Inc. via COMTEX) -- Beginning next year, the Energy Regulation Commission (CRE) will begin the second stage of tenders for natural gas distribution zones, reported Mexico City daily Reforma.      Fpl Expands Natural Gas Service  Nov 17 - Palm Beach Post FPL Energy Services, a subsidiary of Juno Beach-based FPL Group, has expanded natural gas service to businesses throughout Florida.        If you are an Energy Central News Subscriber and you have checked any news articles above, selecting the 'Get Articles' button below will deliver all of the checked articles in one page. This is a convenient way to get exactly the news you need - quickly!           NEED INFORMATION ON THE POWER INDUSTRY? ENERGY CENTRAL'S GOT IT!    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Start Date: 2/2/02; HourAhead hour: 13;  HourAhead schedule download failed. Manual intervention required.


Dave is going to call you.


Mark,

As I mentioned in my voice mail, here is a bullet-point synopsis of my
accomplishments for the second half of 2000.

Transaction Support

Triple Lutz -- provided support for potential divestiture (e.g., data room,
PSA review, direct negotiations with potential buyer, etc.).
Project Crane -- monitored diligence, PSA review/comment, client discussions.
Garden State Paper -- provided employment law advice on closing and
transition issues.
MG Metals -- handled issues surrounding termination of Rudolph Wolff
employees, including separation agreements, negotiations with counsel, etc.
Project Falcon -- reviewed diligence reports, client discussions.
AMPS -- worked on diligence/transition issues.
Project Inga -- provided PSA review, diligence support.

Litigation

No employee-initiated litigation has been filed this year.
Non-compete litigation:  Jim Ajello (resolved); Alonzo Williams (pending --
employee went to work for TXU).
Other litigation:  Marentz & Co. v. Enron (suit for non-payment of placement
fee) -- pending; Rick Clonch v. Cline Resources, et. al (pending in West
Virginia -- Cline is indemnifying Enron).
Evan Lovell matter -- handled pre-litigation mediation filed by former First
Point employee.
Todd Richardson matter -- pre-litigation demand letter sent by employee
working for Tom Martin; resolved through negotiation.

Agreements

256 Employment agreements.
 54 Consulting agreements.
104 Separation agreement/releases.
Numerous retention letter agreements.
Drafted new Agreement for Recruiting or Contract Personnel Services (to
replace old Master Service Agreement and Agreement for Project Services) for
use in hiring contract personnel through agencies as well as for use with
recruiting firms (to be rolled out 1/1/01).
Enron Investment Partners Incentive Compensation Plan -- supervised the
drafting and execution of long-term incentive plan for EIP employees.

Asset Support

EcoElectrica -- supported company's campaign against union recognition.
East Coast Power -- provided support on employment law matters, particularly
terminations/separation documents.
Ecogas -- gave litigation advice and wind-down support.
CGAS -- provided employment advice/counsel, drafted employment agreements,
arranged harassment training.
Bridgeline -- prepared assignment letter agreements to assign Enron personnel
to Bridgeline.
Mariner -- assisted in negotiation of Mariner Change of Control Agreements.

Training

Conducted interview training for Net Works campus recruiting classes.
Provided  training sessions on employment law risks for Energy Operations
management personnel.
Conducted employment law training for ENA Human Resources department.
Conducted sessions on ethics and harassment prevention for New Hire
Orientation approximately once a month.

Investigations/Testing Issues

Managed confidential investigation into issues raised in anonymous letters
sent to Office of Chairman regarding Energy Operations.  Supervised work of
outside consultants on the project and made recommendations to client on
survey results.
Supervised numerous investigations into allegations of harassment, computer
hacking, discrimination, etc.
Gave advice regarding pre-employment testing to be used in trading track and
IT re-skilling program.

Other Contributions

Participated in Legal Technology Committee  -- proposed LegalOnline site name
and worked with PR to create logo and tag line for web site.
Participated in on-campus recruiting for Associate and Analyst Program at
Wellesley College.
Recently became EWS legal recruiting contact -- have met with most of OGC and
will have a staffing plan finalized in the next week.
Provided real-time legal review of HR-related E-Speak sessions.

I haven't included what I consider to be routine responsibilities such as
providing advice on employee relations issues, attending off-sites/staff
meetings for Olson/Oxley, attending CLE, etc.  Let me know if you would like
more information about these activities.  If you have any questions, or if
you would like a summary of accomplishments from the first half of the year,
let me know.

Thanks.

Michelle


Kevin:

My lack of response this week has not been because I have not been thinking about a possible structure.  It is because the new FERC cap is making it difficult to figure out how a project like this is going to operate.  A few thoughts:

I.  CDWR Dispatch Issues:  It remains unclear to me how the communication with GWF/CDWR will work each day.  What time will we get an indication of the volume they want?  If the communication occurs late, it will be difficult to obtain much value from the capacity they do not need.  Even if the communication occurs late, with the current cap there is little value in the "extra" MWs at your heat rate, given the current FERC cap and gas prices.  Given that there could be very little value on the "extra" MWs, we would ask for a monthly fee in the neighborhood of $10,000 to schedule the CDWR volumes.  To fine tune this number we need to clarify a few things.  Will we be invoicing CDWR?  What is the scheduling timing?  What is the Enron liability for failure to submit the schedule?  Do you want us to submit supplemental bids for your "extra" capacity on your behalf to abide by the FERC order?  What happens if you are dispatched at a loss when we forget to put in Supplemental Energy Bids.

2.  Gas Pricing:  Here is a summary of possible gas pricing for you.

1.		GWF pays demand charge equal to Maximum Daily Quantity (MDQ) times $.05/MMBtu.
2.		GWF schedules gas each day with the Enron up to the MDQ.  The Daily Contract Quantity (DCQ) is the amount GWF schedules each day.
3.	Quantities above the DCQ can be made available on a mutually acceptable basis.
4.  	GWF pays variable charge equal to DCQ times Gas Daily Mid-Point for PG&E City gate, plus $.05/MMBtu.
5.	GWF can substititue for the Gas Daily price with a NGI PG&E City Gate Price or a Fixed Price upon mutual agreement..
6.	GWF responsible for any imbalance charges resulting from using a volume different than the DCQ.
7.	Enron responsible for imbalance charges when they deliver a quantity other than the DCQ.
8.	The Monthly Consumption Quantity (MCQ) is the sum of daily usage.
9.	If GWF does not want to be in the Enron Enron Contracted marketer Pool, GWF will be responsible for managing imbalances between the DCQ and actual 	usage.
10.	If GWF wants to be in the Enron Enron Contracted marketer Pool, differences between the MCQ and the sum of the DCQs shall be cashed out as follows 	provided Imbalance Charges are not incurred. EPMI will purchase the volume by which the sum of the DCQs exceeds the MCQ at the average of the 5 	highest days Gas Daily Mid-Point and sell the volume by which the sum of the DCQs is less than the MCQ at the average of the 5 lowest days Gas Daily Mid-	Point. If Imbalance Charges are incurred then either 6 or 7 would apply.

In conclusion, I recognize that you might think $10k/Month is steep.  However, Scheduling Coordination is labor intensive and risky, particularly with the FERC cap and the political quagmire.  That said, I definitely think we can help you guys optimize your generation, but .  At a minimum we can buy your energy from time to time.  We can also set you up with Enron Online for no cost, providing the most transparent price information available in the industry today.  For these reasons, I want to get Master Agreements in place.  The first step in this process is for you to provide financial statements.  Can you send those to me?

Something that might work for you guys is to use the APX to be your SC.  This will require more work  on your part, but it is a low cost option.

Another thing is to watch out for firms offering low prices for SC services without giving you a clear indication of what they will pay you for your "extra" MWs.  They will  make their $ somewhere.Do not limit yourself to one counterparty.  IN this age you need multiple trading partners to optimize your generation.

I will call to discuss.

Thanks

Chris

	-

 -----Original Message-----
From: 	"Kolnowski, Kevin" <kkolnowski@gwfpower.com>@ENRON [mailto:IMCEANOTES-+22Kolnowski+2C+20Kevin+22+20+3Ckkolnowski+40gwfpower+2Ecom+3E+40ENRON@ENRON.com]
Sent:	Thursday, July 05, 2001 11:40 AM
To:	Foster, Chris H.
Subject:	RE: talking points

Chris,

I believe that after your phone meeting on 6/15 you were going to prepare a
proposal for us.  How are you coming with that?

Thank you,

Kevin Kolnowski

-----Original Message-----
From: Chris.H.Foster@enron.com [mailto:Chris.H.Foster@enron.com]
Sent: Thursday, June 14, 2001 5:41 AM
To: kkolnowski@gwfpower.com
Subject: RE: talking points

This is a draft contract.  This is negotiable.

C

    -----Original Message-----
   From:   "Kolnowski, Kevin" <kkolnowski@gwfpower.com>@ENRON

[mailto:IMCEANOTES-+22Kolnowski+2C+20Kevin+22+20+3Ckkolnowski+40gwfpower+2Ec
om+3E+40ENRON@ENRON.com]

   Sent:   Wednesday, June 13, 2001 11:00 PM
   To:     Foster, Chris H.
   Cc:     Nelsen, Duane; Stanton, Robert; Edwards, Casey
   Subject:  RE: talking points

    Chris, by giving this a quick look, it appears your fees of 5$/mw-hr
   would
   add up to be quite a large number for a 100 MW block of power for say
   8000
   hours a year.  Are we reading this correctly?

   Please copy your response to Duane, Rob, Casey and myself.

   Thank You,

   Kevin

   -----Original Message-----
   From: Chris.H.Foster@enron.com
   To: kkolnowski@gwfpower.com
   Sent: 6/13/01 4:36 PM
   Subject: RE: talking points

   (See attached file: contract.doc)

       -----Original Message-----
      From:   "Kolnowski, Kevin" <kkolnowski@gwfpower.com>@ENRON

   [mailto:IMCEANOTES-+22Kolnowski+2C+20Kevin+22+20+3Ckkolnowski+40gwfpower
   +2Ecom+3E+40ENRON@ENRON.com]

      Sent:   Wednesday, June 13, 2001 11:35 AM
      To:     Chris Foster (E-mail)
      Cc:     Edwards, Casey; Stanton, Robert; Hosfelt, Jeff
      Subject:  FW: talking points

      Chris;

      Attached are the talking points we have prepared for what we are
   looking
      for
      with an SC/Gas Supplier/Energy Marketer.  We are in the process of
      establishing a confidentiality release with California Department Of
      Water
      Resources (CDWR) so we can share aspects of our contracts with Enron.
      Until
      then, I can only be vague.  But in a nut shell we are in the process
   of
      installing 2-LM 6000 in the Hanford California area that will be
      operational
      9/01 (Phase I).  Phase II is also in the Hanford area, again 2-LM
      6000's.
      Phase III is located near Tracy California and this will consist of 2
   GE
      7EA's.  Initially all of these units are simple cycle.  There is an
      option
      for Phase III to be converted to a combined cycle unit.  The combined
   MW
      capacity of the simple cycle is 340MW.  If we close the loop at
   Tracy,
      this
      will increase by approximately 90 MWs.  CDWR has dispatch rights of
   so
      many
      hours per year, and they have first pick.  In a rough cut, assume we
      will
      have about 1/2 a year in hours for the first three phases that could
   be
      in
      the market.

      The option we are exploring is can we establish a win-win relation
   ship
      with
      a company like Enron that would supply our gas needs, be able to
      schedule
      our power (both for CDWR and our own account), and be able to market
   our
      power (outside of CDWR's requirements).  Potentially a incentive
      fee/tiered
      structure would be workable.  We are open to ideas.

      Based on our initial conversation, it sounded like you may be
      interested.
      We would like to get together to discuss our options with you.  As I
      said in
      my voice mail, I will be out of the office until next Thursday
   (6/21).
      Thursday afternoon or Friday (6/21 or 22) would work for us to have
   this
      first meeting.  I will have to check the following week availability.

      I will be in the office the rest of today and will be periodically
      checking
      both e-mail and voice mail while I am out.

      If you have questions about the gas side our this transaction, please
      contact Jeff Hosfelt at (925) 431-1422.

      Thank you for your consideration,

      Kevin Kolnowski
      GWF Power Systems
      (925) 431-1431
      (925) 766-7485 (portable)

      >  <<GWF Requirements for Energy Marketer & SC-Coral.doc>>
      >

       - GWF Requirements for Energy Marketer & SC-Coral.doc << File: GWF
      Requirements for Energy Marketer & SC-Coral.doc >>
    <<contract.doc>>


Enron Shares Fall on Concern Over CFO's Partnerships (Update4)
Bloomberg, 10/19/01

USA: UPDATE 1-Enron stock sustains further heavy losses.
Reuters English News Service, 10/19/01
Enron Corp. Cut to `Hold' at A.G. Edwards
Bloomberg, 10/19/01

BANDWIDTH BEAT: Enron Broadband Unit Takes A Beating
Dow Jones Energy Service, 10/19/01
Dynegy Chief: Bandwidth Growth Won't Wait For Trading
Dow Jones Energy Service, 10/19/01
UK: Jobs in base metals down but definitely not out.
Reuters English News Service, 10/19/01
New Power Hldg Sees Meeting 3Q Loss Estimate
Dow Jones News Service, 10/19/01

Enron Shares Fall on Concern Over CFO's Partnerships (Update4)
2001-10-19 16:24 (New York)

Enron Shares Fall on Concern Over CFO's Partnerships (Update4)

     (Updates with Chief Financial Officer Fastow didn't
immediately return a call for comment in fifth paragraph.)

     Houston, Oct. 19 (Bloomberg) -- Enron Corp.'s shares have
fallen 26 percent in the past three days on concern the biggest
energy trader's dealings with partnerships run by its chief
financial officer contributed to investment losses.

     Enron's stock dropped 10 percent today. Enron's board cost
the company at least $35 million by allowing Chief Financial
Officer Andrew Fastow to manage LJM Cayman and LJM2 Co-Investment,
partnerships that bought Enron assets, a shareholder alleged
Wednesday in a lawsuit.

     The lawsuit came the day after Enron reported $1.01 billion
in third-quarter losses from failed investments. The Wall Street
Journal reported $35 million of the losses were connected with the
two limited partnerships. Enron also reduced shareholders' equity
by $1.2 billion when it bought back 55 million shares from the
partnerships, the paper reported yesterday.

     ``It looks sleazy,'' said Roger Hamilton, a manager at John
Hancock's Value funds, which own 600,000 shares. ``If you are
someone who invests in a company's management, it's almost time to
punt with Enron.''

     Enron spokeswoman Karen Denne didn't return calls or written
requests seeking comment. Fastow didn't immediately return a
telephone call for comment.

     Fastow and a handful of associates made more than $7 million
last year in management fees and about $4 million in capital
increases on an investment of about $3 million in one of the
partnerships, the Journal reported today.

                        Buying Enron Assets

     Fastow is involved in 17 other similar companies and
partnerships that appear to have ties to Houston-based Enron,
based on filings with the Texas secretary of state.

     The foreign business corporations and limited liability
companies have directors, officers or managers whose address is
listed as 1400 Smith Street in Houston, Enron's corporate address,
according to Texas records.

     Fastow is listed as a director, officer or managing member in
each one. At least one of the companies bought and sold Enron
assets, including foreign power plants.

     Whitewing Management, which lists Fastow as its managing
member, received $807 million from the sale of Enron debt last
year.

    Under the terms of the debt sale, Whitewing is allowed to use
the proceeds to buy power plants from Enron or make other
``permitted investments.'' Whitewing has bought 14 Enron plants or
companies since 1999 and sold four.

     Enron's Denne has not responded to written requests about
Fastow's role at Whitewing or whether he used his knowledge of the
value of Enron assets to benefit outside investors or company
executives at Enron's expense.

     Shares of Enron fell $2.95 to $26.05. They have fallen
69 percent this year.

--Russell Hubbard in the Princeton newsroom, 609-750-4651 or
rhubbard2@bloomberg.net, and Jim Kennett in Houston,
(713) 353-4871 or jkennett@bloomberg.net/pjm/alp/pjm

USA: UPDATE 1-Enron stock sustains further heavy losses.

10/19/2001
Reuters English News Service
(C) Reuters Limited 2001.

(New first paragraph, adds additional analyst comment)
By Andrew Kelly
HOUSTON, Oct 19 (Reuters) - Enron Corp. stock sustained further heavy losses on Friday as investor confidence in the former Wall Street favorite was rocked by reports about the company's relationship with a limited partnership that was run until recently by Enron's chief financial officer.
The energy giant's stock closed down $2.95 or 10.2 percent at $26.05 per share, making a cumulative loss of 27 percent for a week in which Enron reported a third-quarter loss of $638 million, its first quarterly loss in over four years.
Analysts said confidence was shaken by several articles in the Wall Street Journal this week alleging possible conflicts of interest on the part of Chief Financial Officer Andrew Fastow, who until recently ran a limited partnership that bought assets worth hundreds of millions of dollars from Enron.
"I don't think this thing passes the smell test," said one analyst who spoke on condition of anonymity. "I think the CFO should be out of there right now. In the interest of the stockholders, that CFO should be gone," he said.
Enron has rejected the suggestion that there was anything improper about the arrangements, but Fastow severed his ties with the LJM2 partnership earlier this year to allay concerns raised by investors and analysts about his dual responsibilities.
POOR JUDGMENT?
Analysts said that at the very least, the arrangement showed poor judgment by senior managers at Enron, which recently pledged to be more open with investors and analysts following a series of high-profile stumbles that culminated with the shock resignation of new chief executive officer Jeff Skilling in August.
"For a company that had a lot of question marks around it already, these questions about financial dealings are really worrisome for investors," said Commerzbank Securities analyst Andre Meade. "It points to poor decision-making on behalf of the board and top management at Enron," he said.
Enron, North America's biggest buyer and seller of natural gas and electricity, was one of Wall Street's high flyers last year, when its stock posted a gain of 87 percent.
The stock's ascent was driven by enthusiasm for the company's plans to build a broadband telecommunications business and the success of its EnronOnline Internet energy trading platform.
This year Enron's shares have fallen 69 percent as sentiment toward broadband and the Internet soured, Skilling resigned after only six months as CEO, and the company's Dabhol power plant project in India became mired in a payments dispute.
Moody's Investors Service said earlier this week that it had placed all of Enron's long-term debt obligations on review for a possible downgrade after Enron took $1.01 billion in write-downs and charges that substantially reduced valuations for several non-core businesses, including broadband and water services.
Some of Enron's financing arrangements require the company to maintain investment grade credit ratings.
Analysts said Enron's credibility has been severely damaged and the recent reports about the LJM2 partnership had raised concerns that more unpleasant surprises may lie ahead.
"What don't we know that went on at that company? Where's the credibility?" asked one frustrated analyst. "We don't know if it's limited to this," he said.

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

Enron Corp. Cut to `Hold' at A.G. Edwards
2001-10-19 16:27 (New York)

     Princeton, New Jersey, Oct. 19 (Bloomberg Data) -- Enron Corp. (ENE US)
was downgraded to ``hold'' from ``buy'' by analyst Michael C Heim at A.G.
Edwards & Sons Inc.

BANDWIDTH BEAT: Enron Broadband Unit Takes A Beating
By Michael Rieke

10/19/2001
Dow Jones Energy Service
(Copyright (c) 2001, Dow Jones & Company, Inc.)

A Dow Jones Newswires Column

HOUSTON -(Dow Jones)- Early last year, Enron Corp.'s (ENE) hype and skyrocketing share price enticed a number of other energy companies into the telecommunications business.
Now investors are wondering whether Enron is leading the charge out of telecom.
The company announced Oct. 16 that its broadband unit lost $80 million before interest and taxes in the third quarter on revenue of $4 million. In the third quarter of last year, the unit lost $20 million on revenue of $162 million.
Enron also recorded a $180 million non-recurring charge for restructuring its broadband unit in the third quarter of this year. That amount included severance costs for cutting 400-500 jobs, loss on sale of inventory and the reduced value of Enron's content services.
At an analysts meeting Oct. 16, Enron Chairman and Chief Executive Ken Lay said the broadband business is "not that robust" right now. Industry revenue is low and there's substantial overcapacity in the bandwidth market, "more than even we anticipated," Lay said.
The company still has a problem finding creditworthy counterparties for bandwidth trading. Consolidation in the telecom sector has also eliminated potential trading partners.
"A year ago it looked like an excellent business to get into," he said. "Others thought so, too."
Looking back, Enron could have gotten into the broadband business with less capital, Lay said. It spent "too much too soon."
An Ominous Comparison

He compared Enron's move into telecom with its move into the water business with its Azurix unit. That comparison probably won't be good news to those who still have broadband jobs at Enron.
Azurix caused Enron to take a bigger writedown - $287 million - than broadband in the third quarter. The water business has been a bigger and longer-lasting headache than broadband.
Maybe Enron's surviving broadband employees will feel better knowing that Lay told analysts the company is exploring alternatives to preserve its play in telecom at a reasonable price so it will be ready when the business recovers.
It's trying to reduce general and administrative costs in broadband to $40 million a quarter and is on track to reach that goal next year, he said. It could cut those costs even more in order to sustain the business.
Meanwhile, the company is trying to determine which parts of the telecom business it wants to be in, he said.
Enron President and Chief Operating Officer Greg Whalley told analysts the company needs to determine how much network and hardware it needs.
At one time, they had thought that they wanted to use physical network assets as a springboard, Whalley said. Now they "wouldn't want to forever be in the network business."
Both executives mentioned the possibility of joint ventures in telecom. Lay said other companies are asking Enron to do them. Whalley said the company has talked about exchanging fiber and other assets.
The one part of the telecom business Enron still seems committed to is broadband intermediation. "Intermediation" is a term the company uses in most of its commodity businesses, said an Enron spokeswoman. It's a combination of trading and deal origination - wholesale and enterprise customers.
More Bad News Expected

Rebecca Followill, a research analyst for Howard, Weil, Labouisse, Friedrichs Inc., she had expected a larger writedown in broadband for the third quarter.
"If you look at how much the stocks of their peers in broadband have fallen, you've got to figure that their assets' values have fallen similarly," Followill told Bandwidth Beat. "I was expecting more like an 80% writedown in broadband."
Another analyst, who didn't want to be identified, said he also expects more broadband writedowns from Enron. "To the extent that they can take more writedowns, I think it would make eminently good sense to do it."
He predicted "a $200 million haircut" in the first quarter of next year because of a goodwill valuation issue.
And that might not be the end of it. Enron had a net of $948 million of broadband property, plant and equipment at the end of last year, he said. They had another $600 million of risk management asset receivables, inventories and working capital items.
Followill doesn't see much future in broadband for Enron.
"I think the business will shrink to the point where it won't be shown as a key sector in their reporting," she said.
Enron might keep a small broadband group in case the market rebounds, she said. Her investor clients don't expect broadband to contribute to Enron's earnings within the next three years.
She thinks Enron is looking for an exit strategy.
The other analyst said Enron is trying to preserve some value in broadband. "It doesn't look like there's any right now, to be honest," he said. "They'll carry the trading operation to some degree."
-By Michael Rieke, Dow Jones Newswires; 713-547-9207; michael.rieke@dowjones.com

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

Dynegy Chief: Bandwidth Growth Won't Wait For Trading
By Erwin Seba
Of DOW JONES NEWSWIRES

10/19/2001
Dow Jones Energy Service
(Copyright (c) 2001, Dow Jones & Company, Inc.)

HOUSTON -(Dow Jones)- Dynegy Inc. (DYN) Chairman and Chief Executive Chuck Watson understands why some think he is mistaken in believing the bandwidth sector has reached its bottom and is recovering.
But those critics don't understand his bandwidth business, Watson told Dow Jones Newswires in an exclusive interview. They don't understand how the business world has changed since the Sept. 11 terrorist attacks, he said.
In announcing third-quarter results for Dynegy Monday, Watson said the bottom in bandwidth demand was reached on Sept. 11 and that the market would begin recovery in the fourth quarter of this year.
Businesses are reassessing where to store data and how to distribute operations to avoid losing everything in a sudden catastrophic event, be it of natural or human origin. That's what's driving the recovery, he said.
Also, businesses will avoid travel, he said, relying instead on video conferencing.
Enron Corp. (ENE) Chairman Kenneth Lay said Tuesday that he hasn't seen any signs of recovery in telecom. The bandwidth market is suffering, in part, because there are few creditworthy companies to trade with, he said.
"They're trying to find trading partners for broadband," Watson said. "That's going to be tough to do." Dynegy isn't concentrating on bandwidth trading because there isn't "a realistic model" for it yet, he said. "I said two years ago it was at least two years away. I still think it's probably at least two years away, before we actually call it a trading commodity."
The metro-area infrastructure that Dynegy and other companies are building will create connections between networks, which are needed in order to trade bandwidth as a commodity, Watson said.
It's unfortunate that Enron's model for bandwidth as a traded commodity is the dominant image for the entire market, Watson said. Dynegy's model includes telecom contracts, negotiated directly with customers for long-term supply of bandwidth.
Dynegy's bandwidth trading desk is staffed by four people. For the past several months, they have been buying bandwidth for Dynegy's customers. The goal has been to build a customer base. "We're looking at being an intermediary, and really looking at the same customers that we feed energy today."
Since Dynegy lit its 16,000 route-mile network two weeks ago, the trading desk has been trying to fill the company's network instead of buying bandwidth from others. "I'm trying to find enterprises that have communication requirements," Watson said.
He pointed to ChevronTexaco Corp. (CHX) as a target for those services. "They have offices that never talked to each before," he said. "Now they've got to talk to each other. I would say that the credit quality of Chevron and Texaco is pretty reasonable."
ChevronTexaco owns about 26% of Dynegy, said a Dynegy spokesman. Dynegy and ChevronTexaco already have a large energy trading relationship which includes natural gas and gas liquids.
The average burn rate of Dynegy Global Communications, the corporation's telecommunications unit, is $20 million to $25 million a quarter, Watson said. In the third quarter, it lost $15 million, down from $20 million in the second quarter.
Dynegy predicts that Global Communications will break even or record a small loss before interest and taxes in the fourth quarter.
"If we can get to (income of) $10 million per month - that's what we need really," he said. "If we can get there by the end of next year, I'll be very happy. I think by '03, this market will have righted itself."
Watson believes telecommunications has the potential to transform Dynegy.
"Dynegy is an energy company," he said. "Our energy merchant company is doing very well and business is growing like a weed...(Telecommunications) is not our core business by any stretch right now. But I'd love to be able to tell you it's going to be. I'd love to be able to tell you it is someday."
-By Erwin Seba, Dow Jones Newswires; 713-547-9214; erwin.seba@dowjones.com

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

UK: Jobs in base metals down but definitely not out.
By Amanda Cooper

10/19/2001
Reuters English News Service
(C) Reuters Limited 2001.

LONDON, Oct 18 (Reuters) - Dismal industrial demand and the fickleness of hedge funds seduced by more volatile markets have slashed London Metal Exchange members' profits over the past year and set off a gathering wave of job cuts.
The decline and fall of base metal prices in the past year and a half has prompted a series of high-profile companies to withdraw from the market, casting a pall over next week's yearly LME Week industry gathering in London.
Jobs have gone from front office to back in trading houses and banks, raising questions about the prospects for those now seeking work.
"Good people can always be placed. As long as there is a job to fill and the company has a budget to hire," Sarah Gilley of London-based recruitment group Exchange Consulting said.
"Where the situation starts to get difficult is where everyone is cutting budgets, people are not being replaced when they leave and there have been an awful lot of redundancies."
Last week, ScotiaMocatta, a subsidiary of the Bank of Nova Scotia and a key ring dealing member, unveiled its decision to give up open outcry trading on the LME floor, prompting around 25 job losses among traders, phone jockeys and clerks.
Then blue-blooded banker N.M. Rothschild & Sons closed its London and New York base metals units. It left its core precious metals business intact, but 20 base metals staff were laid off in the process.
In the same week, the LME's largest floor trader, Enron Metals, said it planned to cut 10 to 20 percent of its metals staff as part of an exercise to cut 250 to 500 jobs in the Enron Group .
SECURITY
With three big market players and several major banks with commodities divisions slashing jobs at the same time, competition in the labour market will intensify and those in work are becoming wary about job security.
"What we're finding at the moment is that there is still demand for traders with a track record, which is possibly increasing because people are nervous about their jobs and so they're keen to stay put," Gilley said.
"So whereas someone who might be a big money-spinner with a track record would have previously stayed in their job for two to three years, they are now staying for three to five years.
"They probably feel that they're reasonably safe where they are, they're well recognised and not going to stick their necks out," she said.
BONUS FEARS
October has never traditionally been a strong month for the the jobs market in base metals as players are often distracted by LME week functions and conferences
Also, traders tend to be looking towards their annual performance-linked bonuses, which are usually announced at the end of the year.
"Those who are in work at the moment are sticking. Often at this time of year, people are hanging on for their bonuses. But I don't think any of them are anticipating good bonuses. They're probably just happy to have a job," Sian Griffiths of Exchange Consulting said.
LME volumes traded have been fallen over the past 18 months as the powerful hedge funds that once took a shine to the metals swarmed into areas such as hi-tech and telecomms stocks.
Metals traders who handled the large volume of fund activity have begun to focus again on moree traditional clients, and this may yet prove a boon for the jobs market.
Companies are seeking to fill a shortage of staff schooled in the traditional practices of trading physical metal.
"A lot of companies who had sidelined the traditional physical business are now re-aligning their focus and need poeple who understand the physical market and know how to set up a hedge and manage it, " Gilley said.
"The other area where demand has markedly increased in comparison to a few years ago is marketing," she added.
As for morale in the industry, individuals' confidence in their future is seemingly undimmed.
"Just because I've lost my job doesn't mean I'm going to sell my Porsche," one trader said.

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

New Power Hldg Sees Meeting 3Q Loss Estimate

10/19/2001
Dow Jones News Service
(Copyright (c) 2001, Dow Jones & Company, Inc.)

PURCHASE, N.Y. -(Dow Jones)- New Power Holding Inc. (NPW) expects to meet its prior third quarter loss estimates; and said it has revised an agreement with Enron Corp. (ENE), lowering the collateral New Power must post under a master netting agreement.
In a press release Friday, New Power said the amendment to the Enron pact and cost-cutting efforts will allow the company to continue to conduct business until it secures ongoing asset-backed financing.
The company reiterated its earlier expectations of a third quarter loss of $65 million to $70 million, or $1.12 to $1.20 a share.
Analysts put the company's third quarter loss at $1.16 a share, according to Thomson Financial/First Call.
Third quarter revenue will be "slightly lower" than the $60 million to $65 million forecast in August, New Power said.

In the year-ago third quarter New Power lost $1.23 a share on revenue of $18.19 million.
The amendment to the master netting agreement with Enron North America Corp., Enron Energy Services Inc. and Enron Power Marketing Inc. affects the master cross-product netting, setoff, and security agreement, and expands through Jan. 4 the types of collateral that New Power is permitted to post to the Enron units.
Under the amended pact, the first $70 million of posted collateral must be in the form of cash, while amounts in excess of $70 million may consist of not more than $40 million of eligible receivables and inventory of New Power, valued at discounts specified in the amendment, and subject to a $25 million limit for October 2001.
Shares of New Power traded recently on the New York Stock Exchange at $1.67, up 1 cent, or 0.6%, on early composite volume of 7,900 shares. Average daily volume is 223,800 shares.
-Bill Platt; Dow Jones Newswires; 201-938-5400

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


Thanks again for your attention today!
Let us know if you have any additional concerns or comments.

Thanks

Mike
Virginia
Kourtney
Jim


Denise, Caroly, Claudette -
What do you think about me forwarding Marilyn's message to the prayer ministry

"Moore,Denise I" <denise.moore@dhs.state.tx.us> on 12/11/2000 10:02:09 AM
To: "'ddavis@enron.com'" <ddavis@enron.com>, "'cmontgomery@kmg.com'"
<cmontgomery@kmg.com>, "'abraham5@flash.net'" <abraham5@flash.net>,
"'cashley@poha.com'" <cashley@poha.com>
cc:
Subject: Ballet

Good morning ladies,

     The ballet is still on for Tuesday.  I had originally planned to pick
up each girl, however, I am on special assignment on the Southwest side of
time.  So, if you would, please have take them to Carolyn Ashley's house by
6:15 pm.  The ballet begins at 7:30 pm.  If they are not able to go, please
let me know, so I can make arrangements to take another girl.

Denise


We need an immediate legal review to see what are on-going $ risks are in ERCOT.   The deficiency of $6500 is no big deal when they allocate to all of the QSE's on a pro-rata basis, however what if the deficiency is $100 million and we our pro-rata share is $3 million?

Do we have any legal recourse?   Do they suspend the deficient QSE immediately?

 -----Original Message-----
From: 	Day, Smith L.
Sent:	Monday, October 15, 2001 2:47 PM
To:	Will, Lloyd; Presto, Kevin M.
Subject:	FW: Short Payment Notice
Importance:	High

Gentlemen:

I have a call in to Thane Twiggs from Regulatory affairs to ask what is at the bottom of this.  Obviously this is a bad situation.

Regards,

Smith L. Day
Enron Power Marketing, Inc.
Ph. 713-853-4201
Fax: 713-646-8272
Pager: 877-306-9429

 -----Original Message-----
From: 	"Hailu, Ted" <THailu@ercot.com>@ENRON
Sent:	Monday, October 15, 2001 12:35 PM
To:	Amie Jackson; Amy L. Pratka; Andy Mitrey; Angela Williams; Beth Garza; Bill Palmer; Bob Cooper; Brady Edwards; Brenda Green; Carl Smith; Carl Smith; Dan Carey; Dan Sarti; Dana Leger; David Wessels; Debbie Pawlik; Debra Bailey; Dennis Dyc; Eric Slover; Frances Nitschmann; Gary Herndon; Ginger Geissler; James Striedel; Janet Holland; Miller, Jeffrey; Jenny Doyas; Jerry Burt; Joe Barker; Joe Favalora; John Forney; Kathy Fitzmaurice; kelly Minear; Kim Koliba; Lee Star; Linda Le Master; Lisa Jones; Liz Ramirez; Lora Kinner; Marc Rubenstein; Maria Colby; Maria Gardner; Marianne Deane; Marice Nealy; Mark Wright; Martha Murphy; Max Bulk; Jacobson, Michael; Mike Coyle; Mike Tejada; Pat Vogelei; Paul Krebs; Radous, Paul; Peter Pavluk; Phillip Robinson; Ramesh Ganesh; Rhonda Hager; Rick Rucker; Rick Vick; Rick Williamson; Rosalie Day; Sam Davis; Sandra Eubank; Shannon Wagner; Shonda McKnight; Sonya Francois; Stacy Schamel; Stephanie Mullen; Susan Potters; Tamila Nikazm; Thomas Ho; Allen, Thresa A.; Tom White; Troy Martin; Valentin Petrov; Walt Kuhn
Cc:	1 Client Service Reps; Grendel, Steven; Bojorquez, William \"Bill\"; Noel, Tom; Jones, Sam; Tindall, Heather; 1 SCS Leads; Buckles, Maxine; Saathoff, Kent; 1 Settlements & Billing Department
Subject:	Short Payment Notice
Importance:	High

QSEs that are owed monies from ERCOT on invoices that are due today, October 15, 2001, will notice that the amount of funds transferred is short of the balance due on the invoice. This is a notification that ERCOT will follow the "short payment" procedure stated in the ERCOT protocols for payments being made to QSEs today.  Due to short payments by one or more QSEs, ERCOT is insufficient of funds to pay all amounts in full.  As described in the ERCOT protocols, section 9.4.4, ERCOT will deduct ERCOT administrative fees and reduce payments to all invoice recipients that are owed monies. The reductions will be based on a pro rata basis of monies owed to each ERCOT creditor for this invoice to the extent necessary to clear ERCOT's accounts on the payment date to insure revenue neutrality for ERCOT. ERCOT will distribute past due funds on a pro rata basis of monies owed on the next business day after receipt of the monies.
If you have any questions, please call your ERCOT client service representative.
Ted  Hailu
Client Relations Manager
Electric Reliability Council of Texas
E-mail: Thailu@ercot.com
Telephone: (512) 248-3873


----- Forwarded by Tana Jones/HOU/ECT on 06/30/2000 08:04 AM -----

	Tom Moran
	06/29/2000 04:48 PM

		 To: Frank L Davis/HOU/ECT@ECT, Karen Lambert/HOU/ECT@ECT, Tana
Jones/HOU/ECT@ECT, Samuel Schott/HOU/ECT@ECT, Tom Moran/HOU/ECT@ECT, Sheri
Thomas/HOU/ECT@ECT, Mark Taylor/HOU/ECT@ECT, Bernice Rodriguez/HOU/ECT@ECT,
Brant Reves/HOU/ECT@ECT, Debbie R Brackett/HOU/ECT@ECT, David
Hardy/LON/ECT@ECT, Lesli Campbell/HOU/ECT@ECT, Lisa Gillette/HOU/ECT@ECT,
Linda S Bryan/HOU/ECT@ECT, Connie Sutton/HOU/ECT@ECT, Sylvia A
Campos/HOU/ECT@ECT, Molly Harris/HOU/ECT@ECT, Cynthia Clark/Corp/Enron@ENRON,
Mary G Gosnell/HOU/ECT@ECT, Enron Europe Global Contracts and Facilities,
Enron Europe Global CounterParty, Stephanie Sever/HOU/ECT@ECT, Bradley
Diebner/HOU/ECT@ECT
		 cc:
		 Subject: EOL / Credit / GCP Responses 6/29/00

Please find attached Credit's EOL responses for 6/29/00.

Regards
tm


(See attached file: newdaily1.pdf)

      Carr Futures
      150 S. Wacker Dr., Suite 1500
      Chicago, IL 60606  USA
      Tel:  312-368-6149
      Fax:  312-368-2281
      soblander@carrfut.com
      http://www.carrfut.com
 - newdaily1.pdf


Public Power


1.  Thanks for introducing me to Don.  (Jingsung is a new manager with my
group.  We will meet with Don shortly-Ben Rogers will continue with the
modeling).
2. I would like to be included in the 4:00 PM Monday meetings
3.  Ben Thomason is already working with Catherine Clark for putting together
a Tracking/contact Data base for your deals.
4.  Miguel Vasquez is working the Fiat model.  We have met with EE&CC and OEC
but still only have prelim. numbers.  We are hopeful for real numbers some
time next week.
5.    1.  TBG:  John House, Chad and I will meet with you and Diane Cook,
tentatively at 9:00 am on Wed. Feb 16.
 2.  Fiatt:  miguel is working
 3. Ben Rogers is the analyst for the Eastern PJM:  calpine deal
 4. Tax deals:  unassigned
 5. Ben Thomason is working the tracking data base

	From:  Scott Healy @ ECT                           02/15/2000 11:23 AM

To: Thomas M Suffield/Corp/Enron@Enron
cc:

Subject: IPP Matters

1.  I need to speak to you about some associate help that Don Black needs
with his projects.  Basically, Don needs an associate assigned to help him 1)
in the assembling/summarizing of some short position information that he has
located and 2) with analysis on his TECO deal.
2.  FYI--The IPP group is going to regularly have meetings at 4:00 pm on each
Monday.  You are welcome to participate if you would like.  Please let me
know if you would like to be invited.
3.  FYI--I am meeting with Tammy Shepard and someone from your group at 1:00
pm to day to discuss the outstanding deal list.
4.  What is the status of the Fiatt model?
5.  Here are the projects that I need assistance with:

      1.  TBG Gas Restructuring (assistance in process)
      2.  Fiatt model (assistance in process)
      3.  Pricing of a 3 year and 5 year tolling option for a 4 unit LM-6000
plant in Eastern PJM (per our discussion yesterday--who is my contact person)
      4.  Illinois and Mississippi Tax Deals (lets discuss)
       5. IPP Contact tracking sheet (lets discuss)


The Approval status has changed on the following report:

Status last changed by:  Automated Administrator
Expense Report Name: emclaughlin42401
Report Total: $78.00
Amount Due Employee: $78.00
Amount Approved: $78.00
Amount Paid: $0.00
Approval Status: Pending
Payment Status: Pending

To review this expense report, click on the following link for Concur Expense.
http://xms.enron.com


Gee, makes you wish there was a way to track documents without having to
speak to someone. (do I sound like a broken record yet?)

I'm fairly confident we can use this company, as the project I am handling is
Lisa's old project.  There's time to wait for her to answer, though.

From: Ed B Hearn III@ECT on 08/01/2000 11:58 AM
To: Kay Mann/Corp/Enron@ENRON, Matt Maxwell/Corp/Enron@Enron
cc:

Subject: Re: Land option New York

Lisa Mellencamp set up Edgecomb Development Company to use on a transaction
in North Carolina.  WE're waiting to hear back from Lisa to what she did with
the entity.   If Lisa acquired an option under Edgecomb, we'll have to set up
a development company for Virginia.  We do not have an entity for New York,
so we'll need to set up a development company to acquire an option.

Thanks,
Ed


One of your friends sent this email through our website.
Friend's name: Angela Barnett
Friend's IP address: 192.152.140.9
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to prevent and catch abuse of the system.

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----- Forwarded by Steven J Kean/NA/Enron on 03/13/2001 01:16 PM -----

	eserver@enron.com
	03/12/2001 12:24 PM

		 To: "Steven.J.Kean@enron.com" <Steven.J.Kean@enron.com>
		 cc:
		 Subject: <<Concur Expense Document>> - General Expenses

The following expense report is ready for approval:

Employee Name: John Hardy Jr Jr.
Status last changed by:  Automated Administrator
Expense Report Name: General Expenses
Report Total: $12,435.04
Amount Due Employee: $89.90

To approve this expense report, click on the following link for Concur
Expense.
http://nahou-wwxms01p


i don't ask...i think he think he'll jinx it if he talks about it.

Karen Arnold <klarnold@flash.net> on 01/11/2001 08:19:05 PM
To: john.arnold@enron.com
cc:
Subject: okey dokey

You are having dinner with the two of them of Friday?? You must give me a
full report!!!!
Do you hear anything more about Matthew being transferred overseas?


where is this place?

"Bass, Jason" <Jason.Bass2@COMPAQ.com> on 01/11/2001 10:52:49 AM
To: "'Eric.Bass@enron.com'" <Eric.Bass@enron.com>
cc:
Subject: RE: Dinner

What time are we meeting tomorrow and will you two be able to make it
tonight?

Jason Bass
Compaq Portables
 <<...OLE_Obj...>>

 -----Original Message-----
From:  Eric.Bass@enron.com [mailto:Eric.Bass@enron.com]
Sent: Wednesday, January 10, 2001 8:20 AM
To: Bass, Jason
Subject: RE: Dinner

We would like to come, but Shanna is not sure whether or not she will be
off work by then.  If you have someone else you would like to invite go
ahead.  If not, we will try to make it.

Thanks for the invite and let me know.

-Eric

"Bass, Jason" <Jason.Bass2@COMPAQ.com> on 01/10/2001 08:15:32 AM

To:   "'Eric.Bass@enron.com'" <Eric.Bass@enron.com>
cc:
Subject:  RE: Dinner

Sounds good.  What do you guys think about tomorrow night?

Jason Bass
Compaq Portables
 <<...OLE_Obj...>>

 -----Original Message-----
From:     Eric.Bass@enron.com [mailto:Eric.Bass@enron.com]
Sent:     Wednesday, January 10, 2001 8:15 AM
To:  Bass, Jason
Subject:  Re: Dinner

I think Michael and his girlfriend are going to come as well and we were
thinking about going out somewhere afterwards.  So,  can ya'll come to the
Pappasitos on Kirby and Richmond?


Corry,

Asem is out today.  I have Vish looking into it.

Will

 -----Original Message-----
From: 	Bentley, Corry
Sent:	Wednesday, September 12, 2001 10:00 AM
To:	Atta, Asem
Cc:	Smith, Will; Semperger, Cara
Subject:

Will,
In the test today for PSW, PSC all of the same issues/problems we discussed before aer present except for one.  The "west" confirmations DID NOT show up in the query with the "east" deals.  That helps a great deal on the Confirmation side.
CB


- GC010913.xls


Maureen/Steve,

Please follow the link below for step-by-step procedures on installing the
Cisco IPTV client. If you have any questions please feel free to call me.

Regards,

David
NT Operations

 - Cisco IPTV Installation Instructions
---------------------- Forwarded by David Blankenship/HOU/EES on 02/18/2000
10:14 AM ---------------------------

Michael Slayton
02/18/2000 10:13 AM
To: Bob Hillier/HOU/ECT@ECT
cc: Arshak Sarkissian/HOU/ECT@ECT, Maureen McVicker/HOU/EES@EES, David
Blankenship/HOU/EES@EES
Subject: Re: IP TV viewer

Bob - the WinInstall is available for all EES users. I will have David follow
up with these users.

David - please send Steve & Maureen an e-mail with details of how they can
install IPTV.

Thanks,

Michael

To: Arshak Sarkissian/HOU/ECT@ECT
cc: Michael Slayton/HOU/EES@EES, Maureen McVicker/HOU/EES@EES
Subject: Re: IP TV viewer

Arshak, It appears the Steve and Maureen log into the EES domain.  I have
cc'd Michael Slayton who would be able to assist them with getting the IPTV
client on their computer.  I called Maureen and left her a voice mail in this
regard.

Michael call Chris Bowling if you need any assistance with this.

bbh

Arshak Sarkissian
02/17/2000 04:47 PM
To: Bob Hillier/HOU/ECT@ect
cc:
Subject: IP TV viewer

---------------------- Forwarded by Arshak Sarkissian/HOU/ECT on 02/17/2000
04:03 PM ---------------------------

Maureen McVicker@EES
02/17/2000 03:23 PM
To: Arshak Sarkissian/HOU/ECT@ECT
cc:
Subject: IP TV viewer

Steve Kean and I do not have the IP TV viewer.

Thanks.


Just a notice of construction of new facilities.? Nothing of interest  here.
?
Dan
 - 11-6-00 PG&E AL Summary Chart.doc


schedule
----- Forwarded by Steven J Kean/NA/Enron on 11/30/2000 08:36 AM -----

	Christopher B Hunt@ENRON_DEVELOPMENT
	11/27/2000 09:41 AM

		 To: Steven J Kean/NA/Enron@ENRON
		 cc:
		 Subject: Re: Meeting

Steve -

I think you sent this back to me by mistake and were intending it to go to
you assistant.

I am scheduled to see you on the 5th.  I was just looking to get a little
advice.  Rebecca has asked me to join her in EGA and I am fine with doing
that.  I just wanted to pick your brain on longer term career things I should
be thinking about.

Look forward to talking with you.

Chris

From: Steven J Kean@ENRON on 11/21/2000 11:43 AM
To: Christopher B Hunt/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc:

Subject: Re: Meeting

Thanks, I also need to get some time with Shawn Cumberland... please schedule
that too.

	Christopher B Hunt@ENRON_DEVELOPMENT
	11/20/2000 11:03 AM

		 To: Steven J Kean/NA/Enron@Enron
		 cc:
		 Subject: Meeting

SK - I emailed him and asked him to call me to schedule some time with you
next week.  mm

Steve -

I was hoping to grab you for a few minutes in San Antonio to get some "Enron
career advice" but wasn't able to find you at a time when both of us were
free.  Any chance I could grab 20-30 minutes this week or next?

Chris


Louise,

We have been trying to get something arranged for this Friday.  UBS has special events personnel that arrange these types of events including what we saw at the Houstonian a few weeks ago.  It is my understanding that we are awaiting approval from Mike Hutchins before making any arrangements.  Informally, I have spoken with Jillian's and Sambuca regarding availability for a Friday afternoon event.  However, absent using yours or Greg's credit card, we will need approval through UBS prior to booking any formal event.

Kind regards,
Julie
 -----Original Message-----
From: 	Kitchen, Louise
Sent:	Monday, February 04, 2002 7:24 PM
To:	Oxley, David; Whalley, Greg
Cc:	Buckley, Karen; Clyatt, Julie; Taylor, Liz; 'Tammy Schoppe (E-mail)'
Subject:	RE: Friday

we need a big party organizing for everyone - please sort.

Thanks

 -----Original Message-----
From: 	Oxley, David
Sent:	Monday, February 04, 2002 8:22 AM
To:	Kitchen, Louise; Whalley, Greg
Cc:	Buckley, Karen; Clyatt, Julie; Taylor, Liz; Tammy Schoppe (E-mail)
Subject:	Friday

So I have a couple of people in my team trying to organise something for Friday. Would either or both of you be game to do a floor talk, presuming we have closed?

David
 -----Original Message-----
From: 	Clyatt, Julie
Sent:	Friday, February 01, 2002 6:18 PM
To:	Oxley, David
Subject:

For the shin-dig we'll have on Friday (if Hutch approves), do you thing we could get John, Louise, and Greg to say a word?


Hi Jeff,

It will be great to see you guys again.? I have a trek July 10-16 with 28
riders....so that week is definitely out!? We are really becoming extremely
busy, so I'm glad you are planning early, as some weekends we totally book
up.? (I presume we're talking about a weekend.....)? So, is July 22, 23 or
July 29, 30 better for you?? How many will be coming, and for how many days??
I have bought 9 new horses this past month....want to try some of them out,
or stick with the tried and true???? Russia is now a gelding, but I bought
two Arabian stallions....we'll see which (if any) of them remain so....

We no longer routinely provide lunches on all day rides, by the way, but can
do so for an additional $15 per lunch, with prior warning.??

Jeff Green's telephone number is 707-964-7346.? He's a busy guy, also.? Isn't
country living supposed to be relaxing?

Re. the NY Times article (and all the reprints in newspapers all over the
country).....be careful what you wish for!

But getting a message from you reminds me of what I love most about this
business.....the opportunity to meet and schmooze with folks like you and
yours!

Ciao,

Lari

Lari Shea??????????????????????????????http://www.horse-vacation.com???
Ricochet Ridge Ranch?? ????????707-964-7669 ranch phone
24201 North Highway One?707-964-9669 office ph/fax
Fort Bragg, CA 95437 ??????????707-964-9669 fax
????????Riding Vacations on the Mendocino Coast
???? ??????? with lodging at unique B&B Inns
???????????????? International Riding Vacations
?Akhal Teke and Russian Orlov/cross horses for sale
????????????????????? At stud:? RRR Russia


Good Day to All:  Please note the new E-Mail address, of
jmckechnie@tlngna.com.  This should be used for me from this day forward.
Thank You

Joseph McKechnie
Shipping Manager
Tractebel LNG North America LLC
jmckechnie@tlngna.com
Office:  617 526 8332
Cell:     617 799 8822  (24hrs)
Fax      617 526 8360


Nothing with or pertaining to Star Supply Petroleum Inc.

Kay C. Young
Legal Specialist
Enron North America Corp.
713-853-6794 Phone
713-646-3393 Fax
kay.young@enron.com

	Tana Jones
	03/30/2001 03:25 PM

		 To: Kay Young/HOU/ECT@ECT
		 cc:
		 Subject: Star Supply

How about this one?
----- Forwarded by Tana Jones/HOU/ECT on 03/30/2001 03:25 PM -----

	Daniel Diamond
	03/30/2001 03:04 PM

		 To: Tana Jones/HOU/ECT@ECT
		 cc:
		 Subject: Star Supply

Tana,
Please send a bilateral NDA (re: Broker Client) to:

Rob Rynveld
Star Supply Petroleum, Inc.
133 Engle Street
Englewood, NJ  07631
robr@starsupply.com

Thanks,

Dan


Hey,

My car actually works.  Can you believe it.  Now I can take you to movies and
we can actually watch them but somehow I think watching a movie at home is
just a tad more fun.

Susan M Scott
07/31/2000 10:34 AM
To: Ted Noble/HOU/ECT@ECT
cc:
Subject:

Evidently, in order for us to actually watch a movie we have to physically go
to the theatre.  Somehow we keep missing that critical step in the home
viewing experience...namely the viewing.


good luck.   I would also suggest having a fire extinguisher handy as well.
You can also always say the turkey is a Texas tradition - blackened.

Deer Valley is in Utah - 45 minutes outside Salt Lake City.  I got airfair
from Houston for 200 per person.

Have a happy turkey day.
PL


THE BLONDE KIDNAPPER

A blonde was down on her luck. In order to raise some money, she decided to
kidnap a kid and hold him for ransom. She went to the playground, grabbed a
kid, took him behind a tree, and told him, "I've kidnapped you." She then
wrote a note saying, "I've kidnapped your kid. Tomorrow morning, put $10,000
in a paper bag and put it under the pecan tree next to the slide on the north
side of the playground. Signed, a blonde." The blonde then pinned the note to
the kid's shirt and sent him home to show it to his parents.

The next morning the blonde checked, and sure enough, a paper bag was sitting
beneath the pecan tree. The blonde opened the bag and found the $10,000 with
a note that said, "How could you do this to a fellow blonde?"