Dynegy Issues Statement On Enron Merger Status
Business Wire, 11/21/01
Enron says repayment of 690 mln usd debt extended until mid-Dec
AFX News, 11/21/01
USA: Enron secures credit line as shares fall.
Reuters English News Service, 11/21/01
Enron stock free-fall continues
Associated Press Newswires, 11/21/01
Enron Closes On $450M Secured Credit Line
Dow Jones News Service, 11/21/01
USA: UPDATE 1-Enron shares fall further on credit concerns.
Reuters English News Service, 11/21/01
USA: Enron shares tumble on credit concerns.
Reuters English News Service, 11/21/01
Upgrades and Downgrades
CNNfn: Market Coverage - Morning, 11/21/01
USA: RESEARCH ALERT-Enron, Dynegy cut by Goldman.
Reuters English News Service, 11/21/01
Enron Gets Extension on $690 Mln Note Due Next Week (Update1)
Bloomberg, 11/21/01

Enron, Dynegy Shares Fall 2nd Day on Threat to Buyout (Update2)
Bloomberg, 11/21/01

U.S. Equity Movers: Cardiac Science, Enron, Guidant, TriQuint
Bloomberg, 11/21/01

Enron, Dynegy Shares Fall 2nd Day on Threat to Dynegy Bid
Bloomberg, 11/21/01

Enron Corp. Cut to `Market Perform' at Goldman Sachs
Bloomberg, 11/21/01

Enron Says Lenders Extend $690 Mln Note Payment to Mid-December
Bloomberg, 11/21/01

Plunge Says End Is Near at Enron
TheStreet.com, 11/21/01

DYNEGY, ENRON SAY MERGER TO PROCEED
CBS.MarketWatch.com, 11/21/01

Dynegy Issues Statement On Enron Merger Status

11/21/2001
Business Wire
(Copyright (c) 2001, Business Wire)
HOUSTON--(BUSINESS WIRE)--Nov. 21, 2001--Dynegy Inc. (NYSE:DYN) Chairman and CEO Chuck Watson today said he is encouraged by Enron Corp.'s report this morning that it has closed the remaining $450 million credit facility secured by the assets of Northern Natural Gas Pipeline and has received a commitment from its lead bank to extend the $690 million note payable obligation described in Enron's recent 10-Q filing.
"We are continuing our confirmatory due diligence and working to accelerate the regulatory approvals required to complete the merger in accordance with the previously announced agreement," he said.
Watson also noted that ChevronTexaco recently reiterated that it has "full confidence in Dynegy's disciplined management approach to complete the merger and to build a new company into an industry leader." ChevronTexaco owns 26 percent of Dynegy's outstanding common stock.
Dynegy Inc. is one of the world's top energy merchants. Through its global energy delivery network and marketing, trading and risk management capabilities, Dynegy provides innovative solutions to customers in North America, the United Kingdom and Continental Europe.
Certain statements included in this news release are intended as "forward-looking statements" under the Private Securities Litigation Reform Act of 1995. These statements include assumptions, expectations, predictions, intentions or beliefs about future events. Dynegy cautions that actual future results may vary materially from those expressed or implied in any forward-looking statements. Some of the key factors that could cause actual results to vary from those Dynegy expects include changes in commodity prices for energy or communications products or services; the timing and extent of deregulation of energy markets in the U.S. and Europe; the timing of required approvals for the Dynegy/Enron merger and the success of integration and cost savings measures relating to the merger; the effectiveness of Dynegy's risk management policies and procedures and the creditworthiness of customers and counterparties; the liquidity and competitiveness of wholesale trading markets for energy commodities, including the impact of electronic or online trading in these markets; operational factors affecting Dynegy's power generation or Dynegy's midstream natural gas facilities; uncertainties regarding the development of, and competition within, the market for communications services in the U.S. and Europe; uncertainties regarding environmental regulations or litigation and other legal or regulatory developments affecting Dynegy's business; general political, economic and financial market conditions; and any extended period of war or conflict involving the United States or Europe. Moreover, Dynegy's expectation that the acquisition will be accretive to earnings in 2002 and beyond is based upon achieving certain sales projections, meeting certain cost targets and successfully integrating the acquired assets. More information about the risks and uncertainties relating to these forward-looking statements are found in Dynegy's SEC filings, which are available free of charge on the SEC's Web site at http://www.sec.gov.

CONTACT: Dynegy Inc., Houston 713/767-5800
13:26 EST NOVEMBER 21, 2001

Copyright ? 2000 Dow Jones & Company, Inc. All Rights Reserved.
Enron says repayment of 690 mln usd debt extended until mid-Dec

11/21/2001
AFX News
(c) 2001 by AFP-Extel News Ltd
HOUSTON (AFX) - Enron Corp said its creditor banks have granted an extension on a 690 mln usd note payable by Nov 27 until mid-December, giving it enough time to restructure the debt.
In a statement, the troubled energy company said the extension has been agreed following talks with its main creditor banks on restructuring its debt to avoid a liquidity crisis.
"We have been in continuous contact with our banks and believe we can identify a mutually beneficial restructuring to enhance our cash position, strengthen our balance sheet and address upcoming maturities," said chief financial officer Jeffrey McMahon.
Enron first informed investors of the possibility it would be forced to repay the 690 mln usd note in a filing to the Securities and Exchange Commission on Monday.
The obligation arose after Standard & Poor's cut the company's long-term debt rating to BBB- last week, forcing it to either post collateral on the note or repay it on maturity.
Enron said it has also secured the remaining 450 mln usd of a previously announced 1 bln usd credit line from JP Morgan and Salomon Smith Barney. The facility is secured by the assets of Enron's Northern Natural Gas Co unit.
The other 550 mln usd are secured by the assets of its Transwestern Pipeline Co.
Enron also said it is still committed to its merger with Dynegy Inc, announced on Nov 9.
"We continue to believe that this merger is in the best interests of our shareholders, employees, and lenders," said chairman and chief executive Kenneth Lay. "It offers the opportunity to create a formidable player in the merchant energy business with substantial growth prospects and a strong financial position."
JP Morgan Chase vice chairman James Lee said the bank will work with Enron and its other creditor banks "to develop a plan to strengthen Enron's financial position up to and through its merger with Dynegy", which is expected to close in the third quarter of 2002.
cl/gc For more information and to contact AFX: www.afxnews.com and www.afxpress.com

Copyright ? 2000 Dow Jones & Company, Inc. All Rights Reserved.
USA: Enron secures credit line as shares fall.

11/21/2001
Reuters English News Service
(C) Reuters Limited 2001.
NEW YORK, Nov 21 (Reuters) - Enron Corp. said on Wednesday it secured the remaining $450 million of its $1 billion credit line and reaffirmed its commitment to an agreement to be taken over by rival Dynegy Inc.
Facing a crisis of confidence, Enron said it is in active talks with its other lenders to restructure its debt obligation and had pushed back the deadline for repaying a $690 million loan obligation to mid-December.
"We continue to believe that this merger is in the best interests of our shareholders, employees, and lenders," Enron Chairman and Chief Executive Ken Lay said in a statement.
Enron shares were down 28 percent after noon on Wednesday, after being down 33 percent earlier in the day. Its shares fell about 23 percent on Tuesday amid concerns over its liquidity and growing questions over whether the proposed takeover by Dynegy would go ahead.

Copyright ? 2000 Dow Jones & Company, Inc. All Rights Reserved.
Enron stock free-fall continues

11/21/2001
Associated Press Newswires
Copyright 2001. The Associated Press. All Rights Reserved.
HOUSTON (AP) - Shares of embattled Enron Corp. plunged another 32 percent Wednesday morning as analysts and investors continued to doubt the once-mighty energy trader's ability to recover lost business and investor confidence.
In a report released Wednesday, Goldman Sachs & Co. analyst David Fleischer became the latest to question Enron's future, saying that an SEC filing by the Houston-based company earlier this week "raised new issues about liquidity and the ability of the company to even finance itself over the next several months."
Analysts are also questioning whether Dynegy Inc.'s planned dlrs 8.9 billion acquisition of Enron will survive given the latest revelations.
Documents filed with the Securities and Exchange Commission by Enron late Monday restated the company's third-quarter earnings and stated that it may have to repay a dlrs 690 million debt by next week because of decreased credit ratings.
The filing also noted that Enron's financial woes have led to a "reduced level of transaction activity" with the company by trading partners.
Enron shares fell 23 percent Tuesday, then dropped another dlrs 2.25, or 32 percent, to dlrs 4.74 Wednesday in extremely heavy trading on the New York Stock Exchange.
Fleischer said Enron's Nov. 16 cash balance of dlrs 1.2 billion is inadequate to meet remaining debt obligations.
Fleischer acknowledged, however, Enron's efforts to renegotiate next week's due date for the dlrs 690 million debt, which was triggered Nov. 12 when the company's credit rating was downgraded to BBB-, saying that there are indications that Enron's banks may be willing to roll current maturities over and even make new equity investments.
Michelle Foss, director of the Energy Institute at the University of Houston, said this latest round of troubles had to raise concerns about whether the Dynegy-Enron deal will be pulled off.
"It doesn't look like it's going to be able to happen," Foss said. "It did look like a decent idea when they proposed the merger, but today I'm sure they'll look at it and see if they can salvage their attempt to buy Enron."
Shares of Dynegy were off dlrs 2.55 to dlrs 39.15 in trading on the NYSE.
---
Tobacco suits by Venezuela, Brazil's Espirito Santo dropped
MIAMI (AP) - Health care cost-recovery lawsuits against major U.S. cigarette makers by Venezuela and the Brazilian state of Espirito Santo have been dismissed.
"This is another important reminder to American plaintiffs' lawyers that a state court won't ignore the overwhelming number of decisions by federal courts rejecting these lawsuits," William S. Ohlemeyer, Philip Morris Cos. vice president, said Tuesday after the decisions.
Attorneys for several foreign governments have filed an assortment of lawsuits in U.S. federal and state courts in an attempt to find some legal mechanism that withstands judicial scrutiny.
Russia and other Brazilian states are among the foreign governments that have sued in Miami, where a verdict of dlrs 145 billion was awarded to Florida smokers against the five biggest U.S. cigarette makers.
Ecuador's suit in Miami was withdrawn earlier when another state judge announced his intention to dismiss it.
----
General Motors of Canada inks supplier agreement with Quebec rubber plants
Eds: Dollar figures are Canadian.
MONTREAL (AP) - General Motors of Canada has signed supplier agreements with a Quebec auto-parts maker that helped create about 800 jobs, news reports said Wednesday.
The deal with Saar-Gummi Automotive Group in Magog, Quebec, is part of General Motors' commitment to offset the jobs that will be lost when it shuts down its car assembly factory in Boisbriand, Quebec, next year, killing 1,400 jobs.
GM did not reveal the value of the contracts, but German-based Saar-Gummi said Tuesday it has made a dlrs 40 million investment in its seven Magog plants, doubling its workforce to 1,600 employees from 800 since last summer.
The factories make molded rubber parts for cars, such as the rubber strips and molding found along the doors of vehicles. Most of the production is sold to GM, and goes into 56 GM plants in Canada, the United States and Mexico.
The products will be used in several models including the Chevrolet Avalanche, GMC Envoy, Saturn VUE and Cadillacs.

Copyright ? 2000 Dow Jones & Company, Inc. All Rights Reserved.
Enron Closes On $450M Secured Credit Line

11/21/2001
Dow Jones News Service
(Copyright (c) 2001, Dow Jones & Company, Inc.)
HOUSTON -(Dow Jones)- Enron Co. (ENE) closed on the remaining $450 million of a previously announced $1 billion in secured credit lines and said it is in active discussions to restructure its debt to improve liquidity.
In a press release Wednesday, Enron said the $450 million credit facility is secured by the assets of Enron's Northern Natural Gas Co.
A $550 million credit facility, secured by the assets of Enron's Transwestern Pipeline Co., closed Nov. 16. The proceeds are being used to supplement short-term liquidity and to refinance maturing obligations.
The company said it was informed by the lead bank on the facility that the maturity on its $690 million note payable obligation will be extended to mid-December. Enron expects the extension to be finalized shortly.
Dow Jones Corporate Filings Alert reported Monday that Enron is currently preparing a restructuring plan aimed at taking aggressive steps to rationalize the company's existing cost structure, accelerating the process of divesting noncore businesses and assets and restructuring scheduled maturities of debt and other obligations.

Enron's credit lines are from J.P. Morgan, the investment-banking arm of J.P. Morgan Chase & Co. (JPM), and Salomon Smith Barney, the investment-banking arm of Citigroup Inc. (C).
Enron also reaffirmed its commitment to the merger with Dynegy Inc. (DYN). On Nov. 9, Enron and Dynegy signed a definitive merger agreement that would give Enron shareholders 0.2685 share of a Dynegy share. The merger is expected to close by the end of the third quarter of 2002.
On Monday, Enron filed its Form 10-Q for the third quarter, which reflected a wider loss by 3 cents a share. The energy company previously reported a loss of $618 million, or 84 cents a share, on revenue of $47.6 billion for the third quarter ended Sept. 30.
-Stephen Lee; Dow Jones Newswires; 201-938-5400

Copyright ? 2000 Dow Jones & Company, Inc. All Rights Reserved.
USA: UPDATE 1-Enron shares fall further on credit concerns.

11/21/2001
Reuters English News Service
(C) Reuters Limited 2001.
NEW YORK, Nov 21 (Reuters) - Enron Corp. shares tumbled 33 percent in early trading on Wednesday, following a 22.8 percent drop on Tuesday, amid concerns over the company's liquidity and growing questions over whether the proposed takeover by Dynegy will go ahead.
Enron's shares were down $2.29 to $4.70 in early trading on the New York Stock Exchange. The stock was the biggest loser by percentage and the most active stock on the NYSE.
"The Dynegy deal will take a long time and a lot of things could happen over that time period. Dynegy did their homework, but if they missed anything, they have a number of exit opportunities," said Fulcrum Global Partners analyst Michael Barbis.
Dynegy was not immediately available for comment.
Wall Street analysts said Enron is losing market share because of credit concerns from its trading partners and questions over Dynegy Inc.'s takeover offer. Enron warned on Monday it could be forced to pay by next week a $690 million debt triggered by a credit downgrade last week.
"Enron is definitely losing market share on credit concerns. Cash needs to run the buisness have now increased. The market perceives Enron as needing more cash," said Barbis.
On Monday, Enron disclosed it is up against a deadline of Nov. 26 to deliver collateral against the debt owed to a third party in one of its many partnerships.
If not, the partner has the right to liquidate all of the assets of the partnership, which include a Brazilian natural gas company that Enron was counting on selling to raise $250 million in cash.
Enron is working to make alternative payment arrangements, since it can ill-afford to pay the debt now. Enron has already already maxed out its $3 billion credit line, secured roughly $2 billion in loans and is looking for more cash to stay afloat.
On Monday, the Houston-based company also reduced previously reported 2001 third-quarter earnings by 3 cents per share and increased reported earnings for the first 9 months of the year by a penny per share.

Copyright ? 2000 Dow Jones & Company, Inc. All Rights Reserved.
USA: Enron shares tumble on credit concerns.

11/21/2001
Reuters English News Service
(C) Reuters Limited 2001.
NEW YORK, Nov 21 (Reuters) - Enron Corp. shares tumbled 19 percent in opening trade on Wednesday, amid concerns over the company's liquidity and growing questions over whether the proposed takeover by Dynegy will go ahead.
Shares were down $1.33 to $5.66 in early trading on the New York Stock Exchange.
Wall Street analysts said Enron is losing market share because of credit concerns from its trading partners and questions over Dynegy Inc.'s takeover offer. Enron warned on Monday it could be forced to pay by next week a $690 million debt triggered by a credit downgrade last week.
"The Dynegy deal will take a long time and a lot of things could happen over that time period. Dynegy did their homework, but if they missed anything, they have a number of exit opportunities," said Fulcrum Global Partners analyst Michael Barbis.

Copyright ? 2000 Dow Jones & Company, Inc. All Rights Reserved.
Business
Upgrades and Downgrades
Rhonda Schaffler, Charles Kadlec

11/21/2001
CNNfn: Market Coverage - Morning
(c) Copyright Federal Document Clearing House. All Rights Reserved.
RHONDA SCHAFFLER, CNNfn ANCHOR, MARKET CALL: Time now for upgrades and downgrades.
Salomon Smith Barney downgrades Microsoft (URL: http://www.microsoft.com/) to neutral from outperform saying the company`s earnings estimates too aggressive in light of the economic conditions.
Goldman Sachs, as we heard from Chris, removing three energy firms; Enron (URL: http://.www.enron.com/) , Dynegy (URL: http://www.dynegy.com/) and Williams (URL: http://www.williamsenergy.com/) , from the recommended list.
Dynegy was expected to buy the troubled Enron. It is still, but it`s rated market perform now as is Enron. Williams rated market outperform. Goldman says it`s concerned about Enron`s ability to recover from the loss of significant business deals and sees no positive catalysts for the entire group largely due to the problems in Enron.
On the upside, Deutsche Bank is raising Xerox (URL: http://www.xerox.com/) to buy from market perform saying it`s pleased with the company`s turnaround strategy. We`re going to talk about that in detail when we speak with the analyst who made that call in just a moment.
First, we want to take a look at how these stocks are trading. Entire group is down with the exception of Xerox. It`s up 15 cents.
Peter Ausnit is imaging analyst at Deutsche Bank Alex. Brown and joins us.
And thanks for joining us here on MARKET CALL. What is it about Xerox you like?
PETER AUSNIT, IMAGING ANALYST, DEUTSCHE BANK ALEX. BROWN: Well I think the company`s really put its liquidity concerns behind it and now investors can look at the long-term picture, which is much brighter.
CHARLES KADLEC, J&W SELIGMAN: Peter, it`s Chuck Kadlec. Good morning. Is this is a heroic recommendation here? Is this - should we consider this more of a speculative investment or is this something that a conservative investor ought to be interested in?
AUSNIT: I think investors should be interested in this if, over the next several quarters - in the near-term, the conditions are still quite difficult but over the long-term it`s not that speculative. Xerox has a large install base, a tremendous sales and service force and can probably return to industry standard margins.
KADLEC: As you say, this probably depends on management`s ability to execute here. Why do you believe this management is going to be able to execute their strategy?
AUSNIT: Well their track records during the turnaround has been fairly strong and the strategy has made a lot of sense. They`ve sold a lot of businesses. They`ve done most of the things they promised to do such as bring on new third party equipment financing and they`re going to bring on a new CFO as well.
SCHAFFLER: Peter Ausnit of Deutsche Bank Alex. Brown, thanks for joining us.

Copyright ? 2000 Dow Jones & Company, Inc. All Rights Reserved.
USA: RESEARCH ALERT-Enron, Dynegy cut by Goldman.

11/21/2001
Reuters English News Service
(C) Reuters Limited 2001.
NEW YORK, Nov 21 (Reuters) - Goldman Sachs said on Wednesday it removed merger partners Enron Corp. and Dynegy Inc. from its "recommended list" and downgraded the stocks to "market perform."
Goldman said it cut Enron's 2001 earnings estimate to $1.35 a share, and cut the 2002 estimate to 50 cents a share amid concerns about "new and major" liquidity issues, and the company's ability to recover the business that has been lost.
The firm said the cash infusion from Dynegy "appears inadequate to restore the confidence of Enron customers."
It said Dynegy and Williams Cos Inc. have "excellent long-term prospects," but valuations throughout the sector may be under pressure until Enron's issues are resolved.
Shares of Enron closed at $6.99 on Tuesday, while Dynegy closed at $41.70. Shares of Williams closed at $29.26.

Copyright ? 2000 Dow Jones & Company, Inc. All Rights Reserved.
Enron Gets Extension on $690 Mln Note Due Next Week (Update1)
2001-11-21 12:38 (New York)

Enron Gets Extension on $690 Mln Note Due Next Week (Update1)

     (Updates with amount of debt in fourth paragraph.)

     Houston, Nov. 21 (Bloomberg) -- Enron Corp., whose shares had
dropped 92 percent this year amid a financial crisis, said lenders
extended to mid-December the payment date on a $690 million note
due next week.

     Enron, which agreed to be bought out by rival energy trader
Dynegy Inc. in a transaction now valued at more than $23 billion,
said earlier this week a drop in its credit rating may force it to
repay the $690 million note. The repayment would strain cash
reserves Enron needs to back its trading operations, investors and
analysts said.

     The Houston-based company didn't say in its release who holds
the note, which is owed by an affiliated partnership that owns
Brazilian natural-gas assets and was backed by Enron.
     The note is held by a group of banks led by the Citibank unit
of Citigroup Inc., Standard & Poor's said in a press release
yesterday.

      Enron also is in discussions with other lenders on a
restructuring of its debt, the company said in a statement
distributed by PR Newswire.

     ``We believe the interests of Chase and Enron's other primary
lenders are aligned in this restructuring effort,'' James Lee,
vice president of JP Morgan Chase & Co., said in the Enron
statement. ``We will work with Enron and its other primary lenders
to develop a plan to strengthen Enron's financial position up to
and through its merger with Dynegy.'' Morgan has been advising
Enron on its merger with Dynegy.

     Enron said yesterday it may have to pay $9.15 billion in debt
due by 2003, suggesting the company may run out of cash before the
merger closes. Dynegy has said the merger should close before the
end of the third quarter of 2002.

      Enron said in a regulatory filing that it has less than $2
billion in cash or credit lines.

     Shares of Enron, the most active stock in U.S. trading, fell
$1.79, or 23 percent, to $5.20 in midday trading. Before the
announcement that it had renegotiated the $690 million note, its
shares had fallen as much as 42.78 percent, the lowest level in
more than a decade.

     Dynegy fell $2.50, or 6 percent, to $39.20. Shares of
ChevronTexaco Corp., which owns 26 percent of Dynegy, rose 49
cents to  $87.02

Enron, Dynegy Shares Fall 2nd Day on Threat to Buyout (Update2)
2001-11-21 11:49 (New York)

Enron, Dynegy Shares Fall 2nd Day on Threat to Buyout (Update2)

     (Adds analyst comment in fourth paragraph.)

     Houston, Nov. 21, (Bloomberg) -- Shares of Enron Corp., the
biggest energy trader, and Dynegy Inc. fell for a second day on
concern Enron may run out of cash before its takeover by Dynegy
can be completed.

     Enron tumbled as much as 33 percent, and Dynegy dropped as
much as 6.7 percent. Enron's bonds also fell. The company's 6.4
percent notes maturing in July 2006 were bid at 62 cents and
offered at 66 cents, traders said. They sold at about 72 cents
yesterday.

     Institutional investors sold shares of both companies after
Goldman, Sachs & Co. analyst David Fleischer downgraded them to
``market perform'' from his ``recommend'' list, other analysts
said.

     The Dynegy bid ``did not eliminate customer concerns about
Enron's liquidity and long-term viability,'' Goldman Sachs said
in its report. ``We now believe that it will be difficult for
Enron shares to generate strong returns until it is clear that
Enron can operate on a normal basis without having to provide
cash or letters of credit to back routine transactions.''

     Fleischer also cut his 2002 profit estimate for Enron to 50
cents from $1.35. Enron had been expected to make $1.90 next
year, the average estimate of 16 analysts surveyed by Thomson
Financial/First Call.

     Enron said Monday it may have to pay $9.15 billion in debt
due by 2003, suggesting the Houston-based energy trader may run
out of cash. The company said in a regulatory filing it has less
than $2 billion in cash or credit lines.

     It also surprised some investors by saying a drop in its
credit rating may force it to repay a $690 million note next
week. Enron said yesterday the terms of the notes, which it
guaranteed for an affiliated partnership that owns Brazilian
natural-gas assets, are being renegotiated and that it had a
``verbal indications'' that the maturity of the notes will be
extended.

     The company's dealings with affiliated partnerships led to
earnings restatements, credit-rating cuts, a federal
investigation and a management shakeup. Dynegy plans to complete
its buyout by October, and Enron may have to ask lenders to
restructure payment schedules.

     Mirant Corp., Aquila Inc. and other big energy traders are
doing fewer transactions with Enron as concerns increase about
its credit rating and ability to finance daily business,
executives said yesterday.

     Enron's stock fell $2.28, or 32 percent, to $4.71 in
late-morning trading. Earlier, it touched $4.67, its lowest price
in more than a decade. The shares have plummeted 92 percent this
year. Dynegy fell $2.70, or 6.5 percent, to $39.00. The shares
had dropped 26 percent this year.

U.S. Equity Movers: Cardiac Science, Enron, Guidant, TriQuint
2001-11-21 10:24 (New York)

U.S. Equity Movers: Cardiac Science, Enron, Guidant, TriQuint

     New York, Nov. 21 (Bloomberg) -- The following is a list of
companies whose shares are moving in U.S. markets Wednesday, Nov.
21. The stock symbol is in parentheses after the company name.

Major Moving Stocks:

     Enron Corp. (ENE) fell $1.54, or 22 percent, to $5.45 and
traded as low as $5.44. The energy trader shares fell for a second
day on concern Enron may run out of cash before its takeover by
Dynegy Inc. (DYN) can be completed.

Other Moving Stocks:

     Cardiac Science Inc. (DFIB) rose 51 cents, or 16 percent, to
$3.65 and traded as high as $3.89. The maker of equipment used to
restore a normal heartbeat to patients in cardiac arrest said the
San Diego City Council approved an agreement for the company to
deploy automated external defibrillators in the region. The
company made the announcement in a press release distributed by PR
Newswire. Officials couldn't immediately be reached to comment.

     Guidant Corp. (GDT) rose $4.18, or 8.9 percent, to $51 and
traded as high as $51.50. The maker of products to treat heart
disease said a study showed implantable defibrillators cut deaths
by 30 percent in heart-attack survivors, potentially expanding the
$1.9 billion market for the product.

     Portal Software Inc. (PRSF) fell 34 cents, or 15 percent, to
$1.89 and traded as low as $1.64. The provider of Internet-billing
programs said in a release distributed by Business Wire that it
forecasts a loss of 9 cents to 10 cents a share in the fourth
quarter ending Jan. 31. The company is expected to lose 11 cents,
the average estimate of analysts surveyed by First Call. Officials
couldn't be reached to comment.

     TriQuint Semiconductor Inc. (TQNT) fell $1.99, or 10 percent,
to $17.56 and traded as low as $17.35. The communications-
equipment chipmaker said it would report fourth- and first-quarter
results at the low end of previous forecasts. TriQuint was cut to
``neutral'' from ``buy'' in a report by U.S. Bancorp Piper Jaffray
Cos. analyst Samuel May.

Tickers: ENE DFIB GDT TQNT

     Money flows, the difference between the value of trades made
at a higher price than the previous trade and those made at a
lower price, may also appear for some stocks. These inflows and
outflows show whether people are willing to pay more for a stock
that's rising, or to sell a stock that's falling for less. If not
it's a signal the share price may soon change direction.

Enron, Dynegy Shares Fall 2nd Day on Threat to Dynegy Bid
2001-11-21 09:57 (New York)

Enron, Dynegy Shares Fall 2nd Day on Threat to Dynegy Bid

     Houston, Nov. 21, (Bloomberg) -- Shares in Enron Corp. and
Dynegy Inc. fell for a second day on concern Enron may run out of
cash before its takeover by Dynegy can be completed.

     Enron fell $1.37, or 20 percent to $5.62 in early trading.
Dynegy fell $1.95, or 4.7 percent, to $39.75.

     Enron bonds extended declines. The company's 6.4 percent
notes maturing in July 2006 were bid at 60 cents and offered at 68
cents, traders said. They traded at about 72 cents yesterday.

Enron Corp. Cut to `Market Perform' at Goldman Sachs
2001-11-21 08:46 (New York)

     Princeton, New Jersey, Nov. 21 (Bloomberg Data) -- Enron Corp. (ENE US)
was downgraded to ``market perform'' from ``recommend list'' by analyst David
N Fleischer at Goldman, Sachs & Co.

Earnings estimates:  Period       Previous estimate     New estimate
per share   (USD)    FY 2001      1.80                  1.35
                     FY 2002      2.15                  0.50

Enron Says Lenders Extend $690 Mln Note Payment to Mid-December
2001-11-21 12:10 (New York)

Enron Says Lenders Extend $690 Mln Note Payment to Mid-December

     Houston, Nov. 21 (Bloomberg) -- Enron Corp. said its lenders
extended to mid-December the payment date on a $690 million note,
giving the debt-laden energy trader more time to restructure its
finances.

     Enron said it's still committed to a takeover by Dynegy Inc.
The company said it secured the remaining $450 million of a
previously announced $1 billion credit line.

     Enron shares pared losses after the announcement of the debt
extension. The stock fell $1.54, or 22 percent, to $5.45 in midday
trading.

Plunge Says End Is Near at Enron

By Peter Eavis <mailto:peavis@thestreet.com>
Senior Columnist
11/21/2001 12:32 PM EST
Enron (ENE <http://tscquote.thestreet.com/StockQuotes.jhtml?tkr=ENE>:NYSE - news <http://tscquote.thestreet.com/BBNews.jhtml?tkr=ENE> - commentary <http://find.thestreet.com/cgi-bin/texis/cmttkrfind/results.html?tkr=ENE&site=tsc> - research <http://thestreet.multexinvestor.com/search.asp?Ticker=ENE> - analysis) <http://www.riskgrades.com/clients/thestreet/index.cgi?tickers=ENE> shares plunged a second straight day Wednesday as fear mounted that the struggling energy trader's bailout merger plan will unravel.
A potentially lethal cash crunch appears to be gripping Enron, even though its planned acquirer Dynegy (DYN <http://tscquote.thestreet.com/StockQuotes.jhtml?tkr=DYN>:NYSE - news <http://tscquote.thestreet.com/BBNews.jhtml?tkr=DYN> - commentary <http://find.thestreet.com/cgi-bin/texis/cmttkrfind/results.html?tkr=DYN&site=tsc> - research <http://thestreet.multexinvestor.com/search.asp?Ticker=DYN> - analysis) <http://www.riskgrades.com/clients/thestreet/index.cgi?tickers=DYN> has injected $1.5 billion of cash, and banks have opened new credit lines. An Enron collapse would cause weeks of dislocation in the energy markets that would damage other energy traders, and it would cause big losses for the Houston company's creditors.
Just before noon EST, Enron announced in a press release that it had extended to mid-December a $690 million obligation that was due next week. It also said that it had agreed with its bankers to draw down the remaining $450 million of a previously announced $1 billion secured credit line that has J.P. Morgan Chase as its lead banker.
Investors have been fleeing Enron since the company last month disclosed a $1.2 billion writedown to unwind some related-party hedging transactions. The Securities and Exchange Commission is probing Enron deals with related parties. The October disclosure made investors uneasy because it suggested the company hadn't been forthcoming about the true state of its finances, and it showed that Enron was facing serious liquidity problems.
Those fears were temporarily quieted earlier this month when Enron agreed to be acquired by smaller rival Dynegy. But Enron's disclosure Monday that it faces additional earnings and financing troubles renewed the rush to the exits. In the Wednesday release, Enron CEO Ken Lay said his company was still committed to the merger: "We continue to believe that this merger is in the best interests of our shareholders, employees and lenders." Dynegy later issued a press release indicating it is "continuing our confirmatory due diligence" regarding the merger. Neither Enron nor Dynegy returned calls seeking comment.
After plunging 23% Tuesday to $6.99, Enron was down a staggering 34% at one point Wednesday. It moved slightly higher after the midday press release to trade at $4.90. Enron shares have lost more than 80% of their value since the company issued its third-quarter earnings release last month. Dynegy dropped $2.44, to $39.26, though it remains substantially above premerger levels.
At the heart of Enron's trouble is the sense that the company isn't letting on the full extent of its troubles. The selloff in Enron shares began in earnest Oct. 16, when the company disclosed in an earnings conference call that it would take a $1.2 billion writedown to unwind some related-party transactions. Critics of the company said those deals, in which the company did business with separate entities involving Enron managers, raised serious ethical and disclosure issues.
The Dynegy merger was taken as a vote of confidence for Enron, since as a big trading partner Dynegy would appear to have a solid grasp of Enron's situation. As a result, shares in both companies rallied after the deal's announcement. But Monday's disclosure that Enron faced $690 million in bond payments next week reignited worries that the company faced steeper challenges than it has detailed. According to a Merrill Lynch report cited in The New York Times Wednesday, Dynegy wasn't aware of the $690 million obligation. Critics of the deal wondered whether Enron had told Dynegy about all its obligations. <http://www.thestreet.com/markets/detox/10003860.html>
Liquidity fears have also been rekindled by information contained in a filing of quarterly results that show the company consumed as much as $5 billion of cash in recent weeks. By the end of 2002, Enron has to find around $9 billion to pay back various obligations. It had $1.2 billion in cash on hand as of Nov. 16, according to the filing.
Tellingly, Dynegy shares haven't plunged along with Enron, suggesting that investors see a collapse of the merger as catastrophic for Enron but not for Dynegy. At current levels, Enron shares are trading at more than a 50% discount to the Dynegy offer.
J.P. Morgan has taken a leading role in helping Enron. It has lent funds and it helped restructure the $690 million obligation. The bank's stock was down 78 cents to $38.62. "We will work with Enron and its other primary lenders to develop a plan to strengthen Enron's financial position up to and through its merger with Dynegy," said James Lee, a top banker at Morgan, in the Enron release.

From CBS.MarketWatch.com, online at:

DYNEGY, ENRON SAY MERGER TO PROCEED

By Myra P. Saefong

1:52 PM ET Nov 21, 2001

WASHINGTON (CBS.MW) -- Merger partners Enron and Dynegy restated their
commitment Wednesday to completing a deal, on the heels of embattled
Enron's announcement that its lead lender granted it more time to pay
off a $690 million note set to come due next week.

"We are continuing our confirmatory due diligence and working to
accelerate the regulatory approvals required to complete the merger,"
said Chuck Watson, Dynegy's chairman and chief executive,  in a
statement.

Shares of Enron (ENE) recovered slightly in afternoon  trading but
remained under pressure.

On heavy volume, the stock -- which had touched $4 earlier in the
session -- was down $1.83 to trade at $5.16, a new 10-year low. Some 84
million shares had changed hands.

Enron declined 23 percent Tuesday after the company revealed the
upcoming debt deadline and restated its earnings.

Meanwhile, Dynegy shares lost $1.83 to stand at $39.87.

Enron said that the lead bank on the $690 million debt agreed to extend
the maturity date to mid-December, which will give the company time to
restructure the facility, and added it expects to further restructure
its debt.

"We ... believe we can identify a mutually beneficial restructuring to
enhance our cash position, strengthen our balance sheet, and address
upcoming maturities," said Jeff McMahon, chief financial officer, in a
statement.

J.P. Morgan Chase & Co. said it and other lenders are committed to
helping Enron improve its financial position.

Also, Enron reaffirmed its commitment to a merger with Dynegy and said
it closed on a previously announced $450 million line of credit from
J.P. Morgan, collateralized by the company's Northern Natural Gas Co.

Enron -- which is being acquired by its smaller rival Dynegy (DYN) at a
fire-sale price -- revealed in a Securities and Exchange Commission
filing Monday that it had to pay off or refinance $690 million in debt
obligations by next Monday or risk triggering nearly $4 billion in
additional payments.

If Enron had missed that deadline and didn't post collateral, investors
had the right to demand immediate liquidation of the assets of one of
Enron's limited partnerships, the unusual business entities at the
center of the company's murky transactions currently under
investigation.

The SEC filing of Monday also contained yet another restatement of
financial results on the heels of a similar filing that disclosed more
than four years of restated earnings figures.
<http://cbs.marketwatch.com/news/story.asp?guid=%7B35D690E0%2D13BE%2D43D9%2D9644%2D1B1CF4896115%7D>

Earlier Wednesday, Goldman Sachs lowered its rating on Enron's stock to
"market performer" from its "U.S. recommended list," citing "major"
liquidity issues and concerns over whether the company can recover the
business it has lost.

CIBC World Markets also cut Enron to a "hold" from a "buy."

Commerzbank weighed in Wednesday, saying Enron's viability is in doubt.

"We believe the filing clearly shows that Enron remains in a precarious
financial position and its status as a going concern is much in doubt,"
analysts Andre Meade and Andrew Smith wrote. "It appears that Enron's
situation could worsen in a number of ways."

Though Enron's most recent disclosures shed more light on the fiscal
situation, Meade and Smith characterized the information as "piecemeal."

"It appears that the full extent of Enron's problems is not currently
known," they said in a note, cautioning clients against investing in
Enron.


Did you do this?
heart
me
----- Original Message -----
From: <ntops@insync.net>
To: <jennsreit@houston.rr.com>
Sent: Monday, October 01, 2001 9:01 AM
Subject: Data posted to form 1 of
http://www.berean-houston.org/Judge_House/Individual.htm

>
****************************************************************************
***
> Name:        Laura Bush
> Number:      26
> Dates:       Oct 30
> Time:        7:45
> Phone:       713-1st-lady
> Email:       FirstLady@USA.com
> Remote Name: 192.152.140.9
> Remote User:
>
> Address:
>
> 1600 Pennsylvania Ave.
> Washington D.C.
> USA
>
> Comments:
>


Are you super busy? I hope you are having a good day
love
me


Craig:
Please take me off of this list as I am on maternity leave.

Carol St. Clair
EB 3892
713-853-3989 (Phone)
713-646-3393 (Fax)
carol.st.clair@enron.com

	Craig Clark
	07/28/00 11:05 AM

		 To: amanda.angelini@ssmb.com
		 cc: Doug McDowell/HOU/ECT@ECT, Craig Clark/HOU/ECT@ECT, Ryan
Siurek/Corp/Enron@ENRON, Kimberly Scardino/AA/Corp/Enron@ENRON, Gareth
Bahlmann/HOU/ECT@ECT, Clint Walden/NA/Enron@ENRON, Kevin D
Jordan/Corp/Enron@ENRON, Mark Taylor/HOU/ECT@ECT, Carol St Clair/HOU/ECT@ECT,
Brent Vasconcellos/Corp/Enron@ENRON, AnnMarie Tiller/Corp/Enron@ENRON,
Fcochran@velaw.com
		 Subject: Kahuna (Yosemite 3) Prepay Working ist

Amanda,

Attached and below is the email distribution list for the Kahuna (Yosemite 3)
prepay docs.  All are waiting with baited breath for the first set!

Doug McDowell  doug.mcdowell@enron.com
Craig Clark   craig.clark@enron.com
Ryan Siurek   ryan.siurek@enron.com
Kimberly Scardino  Kimberly.r.Scardino@us.arthurandersen.com
Gareth Bahlmann   gareth.bahlmann@enron.com
Clint Walden   clint.walden@enron.com
Kevin D Jordan   kevin.d.jordan@enron.com
Mark Taylor   mark.taylor@enron.com
Carol St Clair   carol.stclair@enron.com
Brent Vasconcellos   brent.vasconcellos@enron.com
AnnMarie Tiller   annmarie.tiller@enron.com
Tres Cochran  Fcochran@velaw.com

If any additions or deletions are required, please advise me.
Thanks
Craig Clark
713 853 5862


-----Original Message-----
From:  webmaster@cera.com@ENRON
[mailto:IMCEANOTES-webmaster+40cera+2Ecom+40ENRON@ENRON.com]
Sent: Tuesday, January 30, 2001 9:12 PM
To: insights@cera.com
Subject: High Natural Gas Prices Affect US Oil Demand and Supply - CERA Alert

Title: High Natural Gas Prices Affect US Oil Demand and Supply
URL: http://www20.cera.com/eprofile?u=35&m=2234

North America natural gas prices have increased nearly threefold in a year.
Gas
has lost market share to the heavy end of the barrel, residual fuel, but it
also to middle distillates.

* CERA estimates that the curtailment of gas supplies to interruptable
customers, combined with economically driven switching, accounts for as much
as  0.55 mbd  of the strong year-on-year increase in US oil demand in January.

* For the short term, high gas prices are having a less pronounced effect on
the oil supply side in the United States, about 0.2 mbd.

* This spring about 0.1 mbd of the gains in oil demand due to switching should
be yielded back to gas.

**end**

Follow above URL for full report.

*********************************************************
Come Shoot the Rapids with us at CERAWeek2001, "Shooting the Rapids:
Strategies and Risks for the Energy Future" in Houston, February 12-16, 2001!
For more information and to register, please visit
http://www20.cera.com/ceraweek/
*********************************************************

E-mail Category: Alert
CERA Knowledge Area(s): Global Oil,

**********************************************************************
To make changes to your cera.com account go to:
http://www20.cera.com/client/updateaccount

Forgot your username and password? Go to:
http://www20.cera.com/client/forgot

This electronic message and attachments, if any, contain information
from Cambridge Energy Research Associates, Inc. (CERA) which is
confidential and may be privileged. Unauthorized disclosure, copying,
distribution or use of the contents of this message or any attachments,
in whole or in part, is strictly prohibited.
Terms of Use: http://www20.cera.com/tos
Questions/Comments: webmaster@cera.com
Copyright 2000. Cambridge Energy Research Associates


Good luck today,  hope today is it.

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


---------------------- Forwarded by Judy Townsend/HOU/ECT on 12/26/2000 11:21
AM ---------------------------

	From:  Jim Homco                           11/29/2000 04:44 PM

To: Judy Townsend/HOU/ECT@ECT, Victoria Versen/HOU/ECT@ECT, Steve
Gillespie/Corp/Enron@ENRON
cc:
Subject: Please review.

Please review.


Attached is the February 18 Significant Events report from the Regulatory
Affairs department.

Rubena


(See attached file: newdaily.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
 - newdaily.pdf


Mike:  I'll be covering all of this stuff for myself, so unless we agree in
advance to you spending your time, I won't be expecting any bills.  If Paul's
covering your time for the call, I think it would be great for you to
participate.  The reaction's been pretty good thus far.

Best,
Jeff


Tana,

I have inter-officed a few documents to you.  Enclosed in the envelope you
will find signed copies of the NASDAQ & Dow Jones Enterprise agreements for
content which we are currently receiving on EnronOnline.  I believe you had
stated that you would keep the originals and then send us a copy for our
records.

I have also enclosed the original affidavits from the winners of the latest
EnronOnline competition - Load the Bases.

Let me know if you have any questions.

Make It A Great Day!!
lorie


----- Forwarded by Tana Jones/HOU/ECT on 08/28/2000 03:51 PM -----

	Tom Moran
	08/28/2000 03:48 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,
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, Stacey Richardson/HOU/ECT@ECT, Lesli
Campbell/HOU/ECT@ECT, Adnan Patel/Corp/Enron@ENRON, Claudia Clark/HOU/ECT@ECT
		 cc:
		 Subject: EOL Credit Responses 08/28/00

The EOL approvals for 08/28/00 are attached below.

Regards,
tm


Jeff--forgot to put you on this email.
----- Forwarded by Susan M Landwehr/NA/Enron on 03/30/2001 11:33 AM -----

	Susan M Landwehr
	03/30/2001 11:32 AM

		 To: Richard Shapiro/NA/Enron@Enron, Janel Guerrero/Corp/Enron@Enron, James D
Steffes/NA/Enron@Enron, Linda Robertson/NA/Enron@ENRON, Steven J
Kean/NA/Enron@Enron, John Neslage/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Paul
Kaufman/PDX/ECT@ECT
		 cc: Ginger Dernehl/NA/Enron@Enron
		 Subject: Governors update

Last night Ken Lay and I attended an RGA(Republican Governors Association)
business forum/reception at the Governor's mansion in Denver Colorado.
Governor attendees were Tom Ridge (PA), John Rowland (CT), Bill Owens (CO)
and Jim Geringer (WY).  Another notable attendee was Corbin McNeill, CEO of
Exelon.  It turned out that just about the entire discussion centered around
energy and they strongly stated that the RGA is going to be very active in
the western energy issues.

Strategically this is good for us.  Although the WGA was the vehicle for the
past 2 months (Kempthorne and Geringer are the chair/vice chair), it is now
clear that the leadership of the RGA (Ridge, Rowland) will be helping the
"steer the ship".  Although not talked about publically, I had a conversation
with one of the governor's staffers (Scott Celley from Hull's office), and he
is likely going to be the RGA policy guy on this effort,  having direct and
daily contact with the Cheney energy team.  Paul and I have developed a
relationship with him and he is going to be looking to us for further
support/info/talking points etc.

Lastly, it is important to note that Corbin McNeill was singing exactly the
same song as us on the price caps and western issues.   Additionally,  Mr.
Lay asked him point blank--twice in fact--if he was for full and open non
discriminatory access to the transmission system and he stated that he was.


fyi
---------------------- Forwarded by Mary Jo Johnson/HOU/ECT on 08/01/2000
09:50 AM ---------------------------

From:  Russell Diamond
     08/01/2000 09:48 AM

To: mlannou@hilcorp.com
cc: Mary Jo Johnson/HOU/ECT@ECT, Brad Schneider/Corp/Enron@Enron
Subject: Letter of Credit Format

Mike,

Please see the attached L/C format to cover physical delivery of natural gas
for one month.

As discussed, the L/C amount should be $1.6 million to expire Oct. 15, 2000.
In addition the L/C should be in the name of Hilcorp Energy Company.  I also,
left you an additional voice mail, stating that once we have received a faxed
copy of the L/C from your bank, we will then be willing to flow gas.

Regards,
Russell


The tribe has spoken!  NO makeup game this Wednesday.  See you at
practice tonite.

>  -----Original Message-----
> From: 	Farley, Jack
> Sent:	Monday, October 22, 2001 8:02 PM
> To:	Charles Delacey (E-mail); Chris St.Paul (E-mail); Earle Martin;
> John Vincent; Tracy Geaccone
> Subject:	Makeup game?
>
> Another team wants to makeup a game this Oct 24th, at 6:30pm. This
> game is optional and could take the place of practice on Thursday.
> We'll still have practice this Tuesday, Oct 23rd, and have a regularly
> scheduled game this Saturday, Oct 27th, at 11am.
>
> Pls respond and let me know if you'd like to have the Wed make-up game
> (or not).


Attached are the latest per our discussion.


Stinson,

No problem.

Vince

Stinson Gibner
05/10/2000 10:17 AM
To: Vince J Kaminski/HOU/ECT@ECT
cc: Shirley Crenshaw/HOU/ECT@ECT
Subject: 1/2 day off

Vince,

I am planning to attend my monthly director's meeting in Spearman, TX, on
Tuesday, May 16.

 I would also like to take 1/2 day of vacation on the morning of Wednesday,
May 17, and plan to be back in the office after lunch.

thanks,
Stinson


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 05/01/2001
04:56 PM ---------------------------
From: Iris Mack/ENRON@enronXgate on 04/30/2001 11:50 AM
To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: Very rough draft of the "Enron Strategic Plan" to be sent to
Professor Duffie

Hi,

 As per your request, here is a very rough draft of the document you
requested.  It is far from being complete.

 Hopefully while in London I will have time to work on it some more.

 Your comments and feedback would be greatly appreciated.

Thanks,
Iris


No, he was moving out of the region as I came in.  He worked for Rick Lammers
who speaks highly of him though.

From: Kevin Howard@ENRON COMMUNICATIONS on 01/19/2001 07:30 AM
To: Rob G Gay/NA/Enron@Enron
cc:

Subject: Mathis Conner

Rob:

Did you have any interaction with Mathis Conner in the S.A. region?  He was a
general manager on some projects there in 1997/1998.

Kevin


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Mark,

We have reviewed this and have some questions, as mentioned in my voicemail.?
Please call when you have a moment. Thanks.

Bob

-----Original Message-----
From: Mark.Taylor@enron.com [mailto:Mark.Taylor@enron.com]
Sent: Monday, December 04, 2000 11:01 AM
To: RLawrence@milbank.com
Subject: Broker Electronic Transaction Agrmt.

Here is the BETA with our initial comments.

(See attached file: BROKER ELECTRONIC TRANSACTION AGREEMENT2.doc)

This e-mail message may contain legally privileged and/or confidential
information. If you are not the intended recipient(s), or the employee
or agent responsible for delivery of this message to the intended
recipient(s), you are hereby notified that any dissemination,
distribution or copying of this e-mail message is strictly prohibited.
If you have received this message in error, please immediately notify
the sender and delete this e-mail message from your computer.


Hi Kate can you please ch the energy type to Firm instead of CAISO Energy on
deal 532921.

Thanks!


We are pleased to announce organizational changes to the Enron South America
legal department in response to the recent reorganization and realignment of
the principal Enron Wholesale Services business units operating in the
region, Enron Americas and Enron Global Assets.

Randy Young, currently General Counsel of ESA, will be assuming new
responsibilities within Enron.  John Novak will become General Counsel of
ESA, reporting to Mark Haedicke.  The ESA legal department will be
responsible for supporting all Enron Americas and Enron Global Assets
businesses in the region.  Additional legal resources, coordinated by Lance
Schuler, will be provided from EWS Legal in Houston to support ESA's
wholesale activities.  John will also work closely with Bruce Lundstrom,
General Counsel of EGA, to coordinate legal support with respect to the EGA
businesses in the region.  An organizational chart describing the new
structure is attached.

This new structure will enable us to continue to provide quality legal
support across business lines within South America while improving
coordination and providing additional support from Houston for Enron's
existing operating businesses, as well as the new business development
initiatives under way in the region.


I just wanted to take a moment to personally invite each of you to participate in the e-Speak session this Thursday, May 10 at 10:00 am (CDT).  If you have questions that you'd like to submit in advance, you can do so by visiting e-Speak on the Enron homepage.

I also wanted to take this opportunity to provide you with an update on what's happening within the Program.  Since assuming my new role at the beginning of April, I've been focusing my efforts on meeting with Enron's business unit leaders, and with as many Analysts and Associates as possible.  These activities underscore my priorities in managing the Program - a very strong alignment with Enron's businesses, and frequent / informal communication.

Some of the specific items that we're focused on as a result of your feedback, and that will be communicated in coming weeks include:
improvements to the PRC process which are in the final stages of development with the business units,
recruiting goals and strategies for the 2001 recruiting season,
a series of floor meetings beginning today to visit informally with participants in the Program,
an updated social schedule that places a priority on interaction among Analysts and Associates, as well as with the business leaders of Enron.

I'm excited that Traci Warner and Ted Bland have joined our team in the Western Hemisphere to lead Recruiting and Career Development respectively.  Together, they bring almost 20 years of Enron business unit experience, and in the case of Traci - experience as an Associate in the Program.  Anna Jansson continues to do an outstanding job leading the Eastern Hemisphere Program, and has been an great source of new ideas.

When I joined Enron in 1992, there were about 25 Analysts and Associates combined, sitting in one group on the 30th floor.  Today, we have over 700 future Innovators and Leaders of Enron in offices around the world.  This Program has been, and will continue to be our most important source of new talent.  I'm very proud to have been asked to take this role, and I look forward to working with each of you.

Billy Lemmons


-----Original Message-----
From: JAN SKOOG [mailto:jskoog_vitoltvl@yahoo.com]
Sent: Tuesday, August 07, 2001 2:20 PM
To: Guerra, Claudia
Subject: BAUGHMAN - ITIN

                                          AGENT SH/JS BOOKING REF
ZN7ZA6

                                          BAUGHMAN/DON

  ENRON
  1400 SMITH
  HOUSTON TX 77002
  ATTN CLAUDIA GUERRA X 34588

  DATE:  AUG 07 2001

SERVICE               DATE  FROM           TO             DEPART
ARRIVE

CONTINENTAL AIRLINES  09AUG HOUSTON TX     ATLANTA GA     235P    538P
CO 1582    K          THU   G.BUSH INTERCO W B HARTSFIELD
                            TERMINAL C     TERMINAL N
                                                          NON STOP
                            RESERVATION CONFIRMED         2:03 DURATION
                  AIRCRAFT: BOEING 737-300
                            SEAT 07F NO SMOKING CONFIRMED BAUGHMAN/DON

HOTEL                 09AUG DAYS INN ELBERTON - 1984
                      10AUG 302 ELBERT STREET, HWY 72
                            ELBERTON, GA 30635
                            UNITED STATES OF AMERICA
                            TELEPHONE: 706 283-2300
                            FAX: 706 283-2500
                            TELEX: NONE
                            CONFIRMATION: 69456957
                            REFERENCE: SK1SCP
                            SINGLE ROOM
                            RATE: *** USD 75.00 PER NIGHT
                            GUARANTEE GIVEN
                            NON SMOKING KING
        *4PM* DAY OF ARRIVAL XCL POLICY AT THE DAYS INN ELBERTON

CONTINENTAL AIRLINES  10AUG ATLANTA GA     HOUSTON TX     1220P   129P
CO 1587    K          FRI   W B HARTSFIELD G.BUSH INTERCO
                            TERMINAL N     TERMINAL C
                            SNACK                         NON STOP
                            RESERVATION CONFIRMED         2:09 DURATION
                  AIRCRAFT: MCDONNELL DOUGLAS MD-80 ALL SERIES
S
                            SEAT 08A NO SMOKING CONFIRMED BAUGHMAN/DON

RESERVATION NUMBER(S)  CO/U1QDBR

NON-REFUNDABLE TKT MINIMUM $100.00 CHANGE FEE
***********************************************
THIS IS A TICKETLESS RESERVATION. PLEASE HAVE A
PICTURE ID AVAILABLE AT THE AIRPORT. THANK YOU
                  THANK YOU FOR CALLING VITOL TRAVEL

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1100 LOUISIANA STE-3230
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713-759-1444 - PHONE
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Gerald,
I am researching several outstanding receivables from Bridgeline.  I am looking for the Schedules to Contribution Agreement, which is item 3 in the index of documents.  Do you know where I might obtain a copy?  Also, is there any type of brief available on these contracts.  I have seen one for ECS, so I was hoping that one might be available for Bridgeline.

Thanks for your help.
Karen


Mahonia has signed the documents.  Michael Garberding has the documents to
obtain Enron signatures.  I hope to have them later today.

Teresa G. Bushman
Enron North America Corp.
1400 Smith Street, EB 3835A
Houston, TX  77002
(713) 853-7895
fax (713) 646-3393
teresa.g.bushman@enron.com

	Soma Ghosh/ENRON@enronXgate
	03/06/2001 06:41 PM

		 To: Teresa G Bushman/HOU/ECT@ECT
		 cc: Sara Shackleton/HOU/ECT@ECT, Tana Jones/HOU/ECT@ECT
		 Subject: Amendment to Mahonia doc

Teresa,

I'm following up on whether we had our amendment to Mahonia docs (for
rehypothecation) finally executued. I don't appear to have a copy of the
executed docs & would be grateful if you would provide them for me if they
have been executed. If not would you let me know whether Chase are still
holding the docs for signature.

Many thanks,

Soma


Mark, this is the schedule to the Management Agreement sent earlier.
---------------------- Forwarded by Deborah Culver/HOU/EES on 04/03/2000
05:50 PM ---------------------------

"Mary Moreland" <mmoreland@bracepatt.com> on 04/03/2000 05:24:05 PM
To: <deborah.culver@enron.com>
cc: "Sheryl Gussett" <sgussett@bracepatt.com>, "William Marlow"
<wmarlow@bracepatt.com>
Subject: Schedule

As requested, we have attached the current draft of Schedule I to the
Management Agreement.

Mary L. Moreland
Bracewell & Patterson, L.L.P.
711 Louisiana
South Tower Pennzoil Place
Houston, Texas 77002
(713) 221-1147 Telephone
(713) 221-2156 Telecopy

 - SCHED1_1.DOC


congratulations!

One thing to add to the arguments:  we have to make the adverse effect on
consumers the centerpiece of our arguments.  We need the legal arguments too,
but this is fundamentally a political and consumer protection driven
discussion.  We have to be prepared to demonstrate that the key to Alberta
reducing prices is allowing new generation to enter and to do that you have
to allow a true market price to be posted.  California has seen the
cancellation of numerous projects while they remain desparate for new supply
because they have tried to artificially constrain prices.  That's not good
for consumers.  If they need a lower cost solution for consumers (or
protection from price volatility in the meantime) they need to "outsource"
the residential supply business in blocks for fixed price bids.

Regardless of how we frame the arguments, or the solutions, however, we have
to make the public policy/ consumer protection arguments the center of our
written and oral presentations.

Do you agree?

	Robert Hemstock@ECT
	11/15/2000 06:28 PM

		 To: Rob Milnthorp/CAL/ECT@ECT, John J Lavorato/Corp/Enron@Enron, Derek
Davies/CAL/ECT@ECT, Tim Belden/HOU/ECT@ECT, John Zufferli/CAL/ECT@ECT, Steven
J Kean/NA/Enron@Enron, Aleck Dadson/TOR/ECT@ECT, Richard
Shapiro/NA/Enron@Enron, Peter Keohane/CAL/ECT@ECT, Eric
Thode/Corp/Enron@ENRON, Mark Palmer/Corp/Enron@ENRON, TMcLaren@GPC.CA,
seabron.adamson@frontier-economics.com, tburns@gpc.ca,
aleck.trawick@blakes.com, dpef@blakes.com
		 cc:
		 Subject: Update - Alberta Power Pool Rule Changes

Dale McMaster called this afternoon to advise that the Power Pool Council
agreed to delay any decision on the recently proposed rule changes (importers
excluded from setting pool price and dispatch risk) for a period of two
weeks.  During this two week period Dale has been asked to obtain stakeholder
input into ways to address concerns about whether the spot price in the
Alberta Power Pool is a product of interaction among competitiors in a
efficient market.

In our discussions with the Power Pool and ADRD today and yesterday Enron
expressed its willingness to work with the Power Pool to provide feedback on
suggested rule changes but has also made it clear that we do not agree with
the premise that there is a "problem" that requires "emergency" amendments to
the Pool rules.  Our position has been that Alberta is short supply, and
significant changes to the rules and/or market design will only discourage
new generation development.

Dale McMaster had just left the Power Pool Council meeting when he called and
had not yet put much thought into how to define the issue he has to address
and what the process will be.   We discussed the process and it appears he
will likely receive comments from stakeholders at large and also assemble a
small committee of 4-5 stakeholders (which would include Enron) to work with
the Power Pool to consider possible changes to the Pool rules.  Dale said he
would try to pull together a "terms of reference" document that would define
the mandate of the small committee by tomorrow.

After my call with Dale McMaster, Peter Keohane and I spoke to Aleck Trawick
and we have asked Blakes to assist us in three areas:

1) Once the terms of reference of this small committee are released (and
assuming Enron is asked to participate on the committee) Blakes will assist
us with preparing a letter that states that Enron's participation does not
represent acknowledgement or agreement that the Power Pool Rules must be
amended to address the concerns of some stakeholders about real time pricing
in Alberta and that Enron's participation on the committee is on a without
prejudice basis;

2) Enron needs to obtain the final memo from Frontier Economics in which
Frontier provides its opinion on how the proposed rule changes: i) would
introduce price discrimination into the Alberta electricity market, ii) would
be contrary to the development of an efficient, fair and openly competitive
market for electricity, iii) would compromise the independence of the Power
Pool, and iv) would have the expected effect of artificially depressing the
real time price of electricity in Alberta.  Once Blakes receives a copy of
the Frontier Economics memo, they will prepare a memo for Enron advising: i)
whether the two week process of consultation by the Power Pool is in
accordance with the standards required of the PPC as an administrative
tribunal operating in Alberta; and ii) whether such rule changes offend the
provisions of the EUA;

3) Blakes will advise Enron of the possible avenues of recourse (i.e. appeal
to the AEUB, and/or legal action in the Court of Queen's Bench) in the event
the proposed rule changes (or similar changes) are approved by the PPC at the
end of this two week period.   GPC and Eric Thode will also be consulted on
this issue and obviously input from all those within Enron working on this
project will be sought prior to any decision being made to pursue any
possible legal remedies.

Please advise if you have any comments.

Regards,

Rob


> Instead of Astrological Signs, how about these .. What's Your Business
> Sign?
>
> 1) MARKETING
> You are ambitious yet stupid. You chose a marketing degree to avoid
> having to study in college, concentrating instead on drinking and
> socializing which is pretty much what your job responsibilities are now.
> Least compatible with Sales.
>
> 2) SALES
> Laziest of all signs, often referred to as "marketing without a degree."
> You are also self-centered and paranoid. Unless someone calls you and
> begs you to take their money, you like to avoid contact with customers
> so you can "concentrate on the big picture." You seek admiration for
> your golf game throughout your life.
>
> 3) TECHNOLOGY
> Unable to control anything in your personal life, you are instead
> content to completely control everything that happens at your workplace.
> Often even YOU don't understand what you are saying but who the hell can
> tell. It is written that Geeks shall inherit the Earth.
>
> 4) ENGINEERING
> One of only two signs that actually studied in school. It is said that
> engineers place ninety percent of all Personal Ads. You can be happy
> with yourself; your office is full of all the latest "ergodynamic"
> gadgets. However, we all know what is really causing your "carpal tunnel
> syndrome."
>
> 5) ACCOUNTING
> The only other sign that studied in school. You are mostly immune from
> office politics. You are the most feared person in the organization;
> combined with your extreme organizational traits, the majority of rumors
> concerning you say that you are completely insane.
>
> 6) HUMAN RESOURCES
> Ironically, given your access to confidential information, you tend to
> be the biggest gossip within the organization. Possibly the only other
> person that does less work than marketing, you are unable to return any
> calls today because you have to get a haircut, have lunch AND then mail
> a letter.
>
> 7) MANAGEMENT/MIDDLE MANAGEMENT
> Catty, cutthroat, yet completely spineless, you are destined to remain
> at your current job for the rest of your life. Unable to make a single
> decision you tend to measure your worth by the number of meetings you
> can schedule for yourself. Best suited to marry other "Middle Managers"
> as everyone in your social circle is a "Middle Manager."
>
> 8) SENIOR MANAGEMENT
> (See above - Same sign, different title)
>
> 9) CUSTOMER SERVICE
> Bright, cheery, positive, you are a fifty-cent cab ride from taking your
> own life. As children very few of you asked your parents for a little
> cubicle for your room and a headset so you could pretend to play
> "Customer Service." Continually passed over for promotions, your best
> bet is to sleep with your manager.
>
> 10) CONSULTANT
> Lacking any specific knowledge, you use acronyms to avoid revealing your
> utter lack of experience. You have convinced yourself that your "skills"
> are in demand and that you could get a higher paying job with any other
> organization in a heartbeat. You will spend an eternity contemplating
> these career opportunities without ever taking direct action.
>
> 11) RECRUITER, "HEADHUNTER"
> As a "person" that profits from the success of others, most people who
> actually work for a living disdain you. Paid on commission and
> susceptible to alcoholism, your ulcers and frequent heart attacks
> correspond directly with fluctuations in the stock market.
>
> 12) PARTNER, PRESIDENT, CEO
> You are brilliant or lucky. Your inability to figure out complex systems
> such as the fax machine suggest the latter.
>
> 13) GOVERNMENT WORKER
> Paid to take days off. Government workers are genius inventors, like the
> invention of new Holidays. They usually suffer from deep depression or
> anxiety and usually commit serious crimes while on the job...Thus the
> term "GO POSTAL"
>
>
>


David Poston will be in town.

Objective:

First meeting to review PJM Volume Mngt. processes and procedures.

Debra


I have now received SCGC's Motion to Compel.? I note that the same
interrogatories that TURN withdrew, SCGC is withdrawing.? Therefore, my
original view that we can deal with this without taking up time at the PHC
still stands.? I would like you to try to work this out by yourselves based
upon my indication here as to how I will rule.

The bottom line is that SoCalGas must respond to those interrogatories
seeking to clarify which settlement is its first choice.? It is by no means
crystal clear, and does impact the breadth of support for each settlement.?
(In fact, I'd like to know SDG&E's view on this too.)? I think this could be
done in a limited way as opposed to responses to all the interrogatories
comparing the two settlements.? Whether SoCalGas has breached the Interim
Settlement by also signing the Comprehensive Settlement is not directly
relevant to this proceeding.? I don't need to determine that and I don't want
to expand this already far-ranging proceeding to include that - take it to
court if you want to.? Moreover, some of the questions are now moot as all
prepared testimony has been lodged.? So, please meet and confer again.? If
you can't come to an agreement based on my views in this email, then SoCalGas
should file its Opposition on the 23rd, and I'll rule on each interrogatory
on the 25th.? Please let me know ASAP if you've worked something out.?

--Judge Biren

-----Original Message-----
From: Sullivan, Glen J. [mailto:GSullivan@sempra.com]
Sent: Wednesday, May 17, 2000 12:11 PM
To: 'Hayley Goodson'; alan_reid@pcp.ca; alb@cpuc.ca.gov;
andy.bettwy@swgas.com; aod@newsdata.com; askaff@energy-law-group.com;
bcragg@gmssr.com; bho@cpuc.ca.gov; bjeider@ci.burbank.ca.us;
burkee@cts.com; bwood@energy.state.ca.us; ceyap@earthlink.net;
chilen@llgm.com; chris.king@utility.com; craigc@calpine.com;
davef@abag.ca.gov; dcarroll@dbsr.com; ed@clfp.com; edf@cpuc.ca.gov;
eke@aelaw.com; eklinkner@ci.pasadena.ca.us; epoole@adplaw.com;
evk1@pge.com; ewo@jmbm.com; eyq@cpuc.ca.gov;
furutanj@efawest.navfac.navy.mil; garyb@abag.ca.gov;
gbudin@energy.state.ca.us; ghinners@reliantenergy.com;
grant_kolling@cerberus.city.palo-alto.ca.us; Sullivan, Glen J.;
gtbl@dynegy.com; iep@iepa.com; igsinc@ix.netcom.com; inggm@sce.com;
jcattermole@pcenergy.com; jkarp@whitecase.com; jleslie@luce.com;
jmct@gmssr.com; jmpa@dynegy.com; johnj@bcjlaw.com; joseh@lif.org;
jsteffen@iid.com; jweil@aglet.org; jwr@cpuc.ca.gov; karen@klindh.com;
karpjos@sf.whitecase.com; kfyip@seiworldwide.com; kmccrea@sablaw.com;
kmills@cfbf.com; lindseyhowdowning@dwt.com; lmh@eslawfirm.com;
ltt@cpuc.ca.gov; mark.c.moench@wgp.twc.com; mcn@cpuc.ca.gov;
mday@gmssr.com; mdjoseph@adamsbroadwell.com; mjaske@energy.state.ca.us;
napedersen@jonesday.com; pjpowerlaw@aol.com; plg@cpuc.ca.gov;
ram@cpuc.ca.gov; raveen_maan@cerberus.city.palo-alto.ca.us;
raw@cpuc.ca.gov; rbw@mrwassoc.com; rczahar@aol.com;
rgloistein@orrick.com; rick.counihan@greenmountain.com; rmp@cpuc.ca.gov;
rochmanm@cubjpa.org; rochmanm@spurr.org; ron_oechsler@rmiinc.com;
ronknecht@aol.com; rpelote@energy.twc.com; rpetti@ladwp.com;
salleyoo@dwt.com; sbs@cpuc.ca.gov; skatz@sempratrading.com;
slins@ci.glendale.ca.us; sscott3@enron.com; stomashe@energy.state.ca.us;
tah@cpuc.ca.gov; tdickers@westerngas.com; tom.roth@et.pge.com;
vjb@cpuc.ca.gov; 'hawiger, marcel'
Subject: RE: I.99-07-003

Judge Biren has asked me to convey the following information to the service
list in this proceeding:

In addition to TURN's motion (as circulated by TURN's email on Monday, May
15) to compel? SoCalGas to answer portions of TURN's data request dated
April 27, 2000, the Southern California Generation Coalition has indicated
to the ALJ its intent to file a motion to compel SoCalGas to answer the same
questions asked by TURN.? SCGC has said it probably will seek to compel
SoCalGas to answer all questions originally asked by TURN, including those
questions that TURN's motion did not seek to compel SoCalGas to answer.
SCGC has said it will try to file this motion today or tomorrow.? Counsel
for SCGC has informed me that he does not intend to file a motion to compel
answers to these questions by any other parties.

Counsel for TURN has informed me that it does not intend to file a motion to
compel other parties to whom it sent its April 27 data request to answer any
of those questions, but that TURN is not now willing to waive any right to
file such a motion.

The ALJ has stated her intent to rule on the TURN motion and the expected
SCGC motion at the PHC on Thurs. May 25.? SoCalGas has agreed to file a
written response by Tues. May 23, as TURN had proposed.? The ALJ does not
intend to issue a formal, written ruling shortening time to respond to the
motions, but wants to be sure parties understand her intent on how she will
proceed in resolving this matter.

-- Glen Sullivan
Sempra Energy Law Dept.
tel:? (619) 699-5162
email:? gsullivan@sempra.com
Attorney for SoCalGas and SDG&E


Here is Annex B for the Omnibus Conf. for all six deals for the referenced
CP.

Here is confirmation (which you emailed to me and I revised for options).
Use this confirm format for all Option transactions for this CP.

Susan D. Flynn
Enron North America Corp.
1400 Smith Street, EB3806
Houston, Texas  77002
Phone:  713-853-0975
Fax:  713-646-3490


Lets discuss.  This is the shorter term 5 year deal.
---------------------- Forwarded by Phil DeMoes/Corp/Enron on 04/19/2001
09:52 AM ---------------------------

"Kilpatrick, Alan M." <AMKilpat@southernco.com> on 04/19/2001 09:51:09 AM
To: "Phil DeMoes (E-mail)" <phil.demoes@enron.com>
cc:

Subject: FW: ENRON CONFIRMATION LETTER - SNG Pool Gas

Please see the confirmation letter with slight changes to the delivery point
and the 30 day termination sentence.  Give me a call to discuss.

Alan Kilpatrick --- * - 205/257-6143 --- * - 250/257-7795 ---  * -
amkilpat@southernco.com <mailto:amkilpat@southernco.com>

-----Original Message-----
From: Bailey, Donna [SMTP:dbailey@balch.com]
<mailto:[SMTP:dbailey@balch.com]>
Sent: Thursday, April 19, 2001 9:44 AM
To: Alan M. Kilpatrick
Subject: ENRON CONFIRMATION LETTER

 <<F6NK02_.doc>>

Alan, attached is the revised  confirmation letter with Enron reflecting the
slight modifications to Enron's last  draft that we discussed.

Donna J. Bailey
Balch & Bingham llp
1710 Sixth Avenue North
Birmingham, Alabama 35203-2015
(205) 226-3451 -- direct dial
(205) 226-8798 -- facsimile
dbailey@balch.com <mailto:dbailey@balch.com>
website address: www.balch.com <http://www.balch.com>
This transmission is intended for the sole use of the addressee, and may
contain information that by its privileged and confidential nature is exempt
from disclosure under applicable law. You are hereby notified that any
dissemination, distribution or duplication of this transmission by someone
other than the intended recipient or its designated agent is strictly
prohibited. If you have received this transmission in error, please notify
the sender immediately by replying to this transmission, or by collect call
to the above phone number.

 - F6NK02_.doc


I spoke to Ed Sacks in Credit re: AEP.  We have an ISDA in place with AEP
Energy Services, Inc.  When they trade under that master they are trading for
their own account.  When they trade as American Electric Power Service
Corporation they are actually trading as the service company for the family
of utilities under their umbrella.  So it's 2 different counterparties.


Sally - FYI - the first early pay trans for CommodityLogic.

Leslie
---------------------- Forwarded by Leslie Reeves/HOU/ECT on 01/19/2001 04:39
PM ---------------------------

	From:  Bryce Baxter                           01/19/2001 04:10 PM

To: Leslie Reeves/HOU/ECT@ECT
cc:
Subject: Commodity Logic Request

FYI - by my calc we made about $1200 on this deal...
---------------------- Forwarded by Bryce Baxter/HOU/ECT on 01/19/2001 04:06
PM ---------------------------

customerservice@commoditylogic.com on 01/19/2001 01:18:32 PM
To: customerservice@commoditylogic.com, tgros@enron.com,
douglas.fuehne@enron.com, debbie.r.brackett@enron.com,
russell.diamond@enron.com, wbradfo@enron.com, fred.lagrasta@enron.com,
mary.birmingham@enron.com, nera.swisher@enron.com, reginald.hart@enron.com,
bryce.baxter@enron.com, pam.b.boxx@enron.com, greg.whiting@enron.com,
jim.pond@enron.com, elise.clark@enron.com, amy.spoede@enron.com,
melissa.k.ratnala@enron.com, audrey.cook@enron.com, dale.neuner@enron.com,
sheri.thomas@enron.com, kristen.j.hanson@enron.com, joanie.h.ngo@enron.com,
cynthia.hakemack@enron.com, andrea.crump@enron.com
cc:
Subject: Commodity Logic Request

Mark Soulliere has made an offer to CommodityLogic to receive payment for an
amount that was originally scheduled to be paid on January 25, 2001.  Below
are the details of the offer:

User: Mark Soulliere
Counterparty: Tenaska Marketing Ventures
Counterparty ID: 208
Payment Amount: $12,762,722.45
Offered payment date: January 23, 2001
Deal Tracking Number: 39

This payment represents $12,768,389.51 of the total receivable account with
Enron.

The client should be notified by e-mail within 1 business day as to whether
the offer has been accepted or rejected.

Thank you.


Start Date: 4/4/01; HourAhead hour: 8;  HourAhead schedule download failed.
Manual intervention required.

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!!!An error occurred while attempting to initialize the Borland Database
Engine (error $2A04)
!!!An error occurred while attempting to initialize the Borland Database
Engine (error $2A04)
!!!An error occurred while attempting to initialize the Borland Database
Engine (error $2A04)
!!!An error occurred while attempting to initialize the Borland Database
Engine (error $2A04)
Error: dbCaps97Data: Cannot perform this operation on a closed database
!!!An error occurred while attempting to initialize the Borland Database
Engine (error $2A04)
!!!An error occurred while attempting to initialize the Borland Database
Engine (error $2A04)
!!!An error occurred while attempting to initialize the Borland Database
Engine (error $2A04)
!!!An error occurred while attempting to initialize the Borland Database
Engine (error $2A04)
!!!An error occurred while attempting to initialize the Borland Database
Engine (error $2A04)
!!!An error occurred while attempting to initialize the Borland Database
Engine (error $2A04)
!!!An error occurred while attempting to initialize the Borland Database
Engine (error $2A04)
Error: dbCaps97Data: Cannot perform this operation on a closed database


---------------------- Forwarded by Kenneth Shulklapper/HOU/ECT on 11/22/2000
10:33 AM ---------------------------

"Kenneth Shulklapper" <kmshulklapper@hotmail.com> on 11/22/2000 10:25:22 AM
To: kenneth.shulklapper@enron.com, David.aronica@Sun.COM, kal24@cornell.edu,
michael.j.de.la.cruz@intel.com
cc:
Subject: Fwd: FW: the Presidential Clock

>From: "Okieffe, Jay" <jay.okieffe@xpedior.com>
>To: "Biria St.John (E-mail)" <bstjohn@cbcwhittier.com>, "Charles Cooper
>(E-mail)" <Charles_Cooper@nacre.com>, "Ethan Sullivan (E-mail)"
><Ethan_Sullivan@gillette.com>, "Gregg Spiro (E-mail)"
><Gregg.Spiro@TriumphCapital.com>, "Houston Bowles (E-mail)"
><hbowles@teksystems.com>, "Kenny Schulklapper (E-mail)"
><kmshulklapper@hotmail.com>, "Travis St. Peter (E-mail)"
><tstpeter_00@yahoo.com>
>Subject: FW: the Presidential Clock
>Date: Wed, 22 Nov 2000 10:12:28 -0600
>
>Good one...
>
>
>
>Our good buddy Bill Clinton was assigned a new intern named Sally. Being
>the
>polite gentleman he is, Bill went to visit Sally and ask her if she needed
>any questions answered. She said no, so Bill asked, "Have you seen the
>presidential clock yet?"
>
>Sally replied, "I haven't even heard of the presidential clock."
>
>Bill then replied, "Well let's go to my office, so I can show it to you."
>
>Sally was a little taken aback, and she stated, "With all the problems
>you've had lately, I don't think we should."
>
>Then Bill said, "Ahh, it's just a clock and I promise I won't try
>anything."
>
>Sally then agrees to go with him.
>
>Bill leads her to the Oval Office, shuts and locks the door behind them and
>then drops his pants to the floor. Sally is flabbergasted and says, "Mr.
>President, that is the presidential cock, not the presidential clock."
>
>Bill looks at her and says, "Sally, by my definition, if you put two hands
>and a face on it, it's a clock."
>
>
>

______________________________________________________________________________
_______
Get more from the Web.  FREE MSN Explorer download : http://explorer.msn.com


Nick,

Dinner on Sunday would work  for me. I shall stay
in the Bay area till Monday morning.

Vince

Nick Bambos <bambos@stanford.edu> on 09/28/2000 08:33:38 PM
To: Vince.J.Kaminski@enron.com
cc:
Subject: Re: Enron/Stanford Program

Hi Vince,

I am on the technical program committee of the Infocom 2001 conference,
and we are meeting in New York City on Saturday, October 14th, to select
papers for the conference program. I'm leaving Stanford on Friday and
getting back on Sunday.

It might be a possibility to have dinner together on Sunday, if that would
work for you. In that case I would have to reschedule my flight to land
in SFO earlier than I'm currently scheduled to land.

Would dinner on Sunday work for you? Any chance we can meet Monday for
lunch?

I look forward to seeing you.

Best Regards,

Nick

Vince.J.Kaminski@enron.com wrote:
>
> Nick,
>
> I shall be in Stanford Oct 14 - 15, visiting my family.
> I would be glad to meet you (and possibly Giuseppe - your call) for lunch.
> Please, let mer know if you are free on one of these days. Saturday would
> work better for me.
>
> Vince
>
> Nick Bambos <bambos@stanford.edu> on 09/21/2000 02:09:46 PM
>
> To:   Stinson.Gibner@enron.com
> cc:   Vince.J.Kaminski@enron.com
> Subject:  Re: Enron/Stanford Program
>
> Stinson,
>
> Great! I'm looking forward to a very productive collaboration.
> I'll immediately start doing Giuseppe's papers, for him to work
> on the Enron/Stanford program.
>
> Many Thanks to you and Vince, and I hope to see you soon at Stanford
> or Enron. If I remember correctly, Vince is visiting Stanford in
> October.
>
> Best Regards,
>
> Nick
>
> Stinson.Gibner@enron.com wrote:
> >
> > Nick,
> >
> > I spoke with Paul Racicot, head of trading for  EBS, North America this
> > morning.   He said that he is happy to send the $100,000 for your program
> > from his budget.   I have forwarded to him the draft letter to accompany
> > the funds and will try to follow up to make sure that the money is sent
> > promptly.
> >
> > --Stinson


Great summary.  I think the two main issues you raise are the right ones, but I have one other thought we should discuss internally.  Do we want to create a set of incentives for the management of PJM that would entitle management to incentive compensation to the extent they meet certain goals -- eg relieving congestion on the grid, increasing throughput across the transmission system, expediting interconnection (measured in terms of actual interconnections not just applications approved), etc.  This way we could create an organization that would have the incentive to make a workable and open transmission system.

From:	Sarah Novosel on 07/13/2001 07:57 AM

To:	Kevin M Presto/Enron@EnronXGate, Mark Dana Davis/HOU/ECT@ECT, Jeff Ader/HOU/EES@EES, Edward D Baughman/Enron@EnronXGate, Joe Gordon/Enron@EnronXGate, Janelle Scheuer/Enron@EnronXGate, mbrown9@enron.com, Mark Bernstein/HOU/EES@EES, John Llodra/Enron@EnronXGate, W David Duran/Enron@EnronXGate, George Wood/Enron@EnronXGate, Dave Perrino/SF/ECT@ECT, Paul J Broderick/Enron@EnronXGate, Jason Thompkins/Enron@EnronXGate, Mason Hamlin/Enron@EnronXGate, Robert Stalford/Enron@EnronXGate, Tom May/Enron@EnronXGate, Gautam Gupta/Enron@EnronXGate, Narsimha Misra/Enron@EnronXGate, Steve Montovano/NA/Enron@Enron, Garrett Tripp/Enron@EnronXGate, Berney C Aucoin/Enron@EnronXGate, Jason Thompkins/Enron@EnronXGate, Rob Wheeler/Enron@EnronXGate, Rogers Herndon/Enron@EnronXGate, Jim Meyn/Enron@EnronXGate, Aleck Dadson/Enron@EnronXGate, Daniel Allegretti/Enron@EnronXGate, Pearce W Hammond/HOU/EES@EES, Donna Fulton/Corp/Enron@ENRON, Howard Fromer/NA/Enron@Enron, Kathleen Sullivan/NA/Enron@ENRON, Tom Hoatson/Enron@EnronXGate, Thane Twiggs/Enron@EnronXGate, Sarah Novosel/Corp/Enron@ENRON, Christi L Nicolay/HOU/ECT@ECT, James D Steffes/NA/Enron@Enron, Linda Robertson/NA/Enron@ENRON, Richard Shapiro/NA/Enron@Enron, Steven J Kean/NA/Enron@Enron, Charles Decker/HOU/EES@EES, Nick Politis/Enron@EnronXGate, sscott3@enron.com, Aleck Dadson/Enron@EnronXGate, Lloyd Will/Enron@EnronXGate, Ray Alvarez/NA/Enron@ENRON, Susan M Landwehr/NA/Enron@Enron, Charles Yeung/HOU/ECT@ECT, Andy Rodriquez/Enron@EnronXGate, John J Lavorato/Enron@EnronXGate, Louise Kitchen/Enron@EnronXGate, Greg Whalley/Enron@EnronXGate, susan.j.mara@enron.com, Jeff Dasovich/NA/Enron@Enron, Karen Denne/Enron@EnronXGate, mpalmer@enron.com, Alan Comnes/Enron@EnronXGate, Tom Briggs/NA/Enron@Enron, John Shelk/NA/Enron@Enron, Pat Shortridge/Corp/Enron@Enron, Chris Long/Corp/Enron@ENRON, Mike Roan/ENRON@enronXgate, Kerry Stroup/NA/Enron@Enron, Janine Migden/Enron@EnronXGate, Dave Mangskau/Corp/Enron@ENRON

cc:

Subject:	PJM RTO Order

Attached is a summary of the PJM RTO order.  While it is somewhat lengthy, the order has a lot of good information in it that I wanted to share with the group, particularly the Commission's statements regarding the existing configuration of the northeast and the need to expand it.

We are working on summaries of the New York and New England RTO orders and will have those out shortly.  If you would like copies of the orders, just let us know.

We expect the mediation proceeding to begin within the next week.  We will keep you updated.

Sarah


I accused Carlos of being a deal killer.

ckm

	From:  Ben F Jacoby @ ECT                           05/03/2001 07:55 PM

Sent by: Ben Jacoby@ECT
To: Carlos Sole, Kay Mann, Chris Booth, Christopher Calger, W David Duran
cc:

Subject: SW501D5A - Montana Power

I spoke to Tom Loberg of Montana Power today regarding the status of our
discussions on the D5A. He advised me that part of their merger deal with
Northwestern Corp required that projects such as the one contemplated for the
D5A required the approval of Northwestern's board. Montana presented the
project to Northwestern's board today, but the board declined to grant such
approval. Tom declined to provide me any further insight.

We will of course immediately begin to pursue other sales opportunities for
this turbine. FYI, our exclusivity agreement with Northwestern expires
tomorrow.

Regards,

Ben


Your  participation  is  requested to help in tracking the progress made  in
informing  various  target  audiences on the issues discussed  at the Sept.
26th government affairs meeting and set out  in the  attached document.   It
lists the   target audiences and  deliverables/action items proposed.

 Kindly  e mail   to me  or  to  Alhamd  by  Weds, Dec. 19th, updates of
your progress on these items, together  with  electronic  copies, if
possible, of  key documents, news articles, speeches,  briefing booklets,
letters, op  eds,  reports on meetings, etc.  that address  the subject
areas , particularly  those  for which you are the lead individual. These
documents  will then be used to help keep a  consistent  message going  and
to extend  our messages to other audiences, if necessary.  Thanks  for your
help on this important  matter.   Margaret


Ed:
I am out of the office today but received your voice mail message and will
call you tomorrow.

Carol St. Clair
EB 3889
713-853-3989 (Phone)
713-646-3393 (Fax)
carol.st.clair@enron.com

	"Ed Fernandez" <EFernandez@teainc.org>
	06/04/01 08:41 AM

		 To: Carol.St.Clair@enron.com
		 cc:
		 Subject: Re: Trade Guaranty Agreement

I was out all last week.   I will call you shortly.

Ed Fernandez
Contract/Credit Analyst
The Energy Authority, Inc.
76 South Laura St., Ste. 1500
Jacksonville, Florida  32202
T 904.360.1354
F  904.665.0354
efernandez@TEAINC.org

                    Carol.St.Clair
                    @enron.com            To:     EFernandez@teainc.org
                                          cc:     Rudwell.Johnson@enron.com
                    05/30/01 11:28        Subject:     Trade Guaranty
Agreement
                    AM

Ed:
Rudwell and I would like to talk to you about the form of Trade Guaranty
Agreement that has been sent to us.  Specifically, we need some
clarification on how Section 5 works since some new language has been added
to the June 1, 1999 form that we received.  Please call me at your
convenience to discuss this.

Carol St. Clair
EB 3889
713-853-3989 (Phone)
713-646-3393 (Fax)
carol.st.clair@enron.com


Market East needs to recognize $24,200 of Middle Market -East Originations
granted by the Pipe Options book.

Thanks,
Robin