======================================================
VENTUREWIRE --- Monday, September 25, 2000
======================================================
Private Company Business News
------ Published Daily by Technologic Partners -------
http://technologicpartners.com
======================================================

Top Stories:

o Chase Capital To Sell $2 Billion From Secondary Funds
o IP Carrier CoMindico Lands $96 Million in Funding
o Reports: Sanwa Bank and Microsoft Create Asian Fund
o Singapore and Israeli Firms Launch $150 Million Fund
o Former AOL Exec Debby Meredith Joins Mohr Davidow as Partner
o Customer Use Info Tech Firm TeaLeaf Names Sun Exec to Board

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Also in This Issue:

New Money:
o E-Commerce Firm Plmarket Gets $5.2 Million in First Round
o E-Currency Firm 2Xchange Raises $1 Million Seed Round
o Health Software Provider Exante Lands $2 Million Series A
o Software Provider Ardext Receives $1 Million in Series A
o Web-Based Auto Service Shop Texas Tea Raises $850,000 Seed
o Chelsea Paper Company, B2C Retailer, Launches With Series A
o Web Audio ASP Gets $1.5 Million, Ex-Toys 'R Us Exec on Board
o Streaming Video Firm Videoshare Raises $15 Million Round Two
o Toolwire Has $15 Million Series B, New CEO and Board Members
o $15 Million Round Three for Sharing Technologies
o Net Services Firm Digital Focus Gets $7 Million Round Two
o Clarity Visual Systems Receives $6.5 Million Third Round
o E-Mail Ad Firm TMXinteractive Raises $15 Million from Syncom
o Linux Graphic Software Firm Metro Link Secures $5.6 Million

New Products:
o University of South Florida To Start New Incubator Services
o Linux Software Firm Corridor Announces Launch and Incubation
o E-Learning Broadband Aps Firm One Touch Systems Alters Name

New Deals:
o Cognito Relinquishes 25% of Its Equity in Restructuring

M&A:
o Event Planning ASP Event411 Acquires Housing Service MeetUp
o Investment Firm Yazam Buys Business Development Firm Todo
o IT Factory Acquires Lotus Consultant Group MICA
o Aficionado Site FansRule Acquires Fan Emporium

New Directors:
o Hotel Internet Access Provider RoomLinX Adds Two to Board

New People:
o Former Critical Path Exec Becomes CEO of Storage Site Xdrive
o Eko Systems Names Former Apache Exec as President and CEO

VW Corrections:
o The Atlantis Group
o eLive

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======= Top Stories =======

o Chase Capital To Sell $2 Billion From Secondary Funds

NEW YORK -- Chase Capital Partners is selling off
up to $2 billion of its private equity in funds
managed by other firms. Chase has $5 billion invested
in 120 different fund families and more than 320
different limited partnerships managed by firms
including Bain Capital, Kohlberg Kravis Roberts,
and Hicks Muse Tate & Furst. Chase will sell a portion
of its investments in the various funds. Kohlberg
Kravis Roberts declined to comment on the development;
Bain and Hicks Muse could not be reached for comment.
The maneuver is intended to free up capital for
future investments in additional LBO funds. The
sale of the secondary investments will not affect
Chase Capital Partners' direct equity investments.
http://www.chasecapital.com/
_____________________________________________

o IP Carrier CoMindico Lands $96 Million in Funding

SYDNEY, Australia -- CoMindico, an independent wholesale
supplier of integrated data and voice telephony
services, said it secured $96 million in funding
led by J.P. Morgan, AGL, and AMP Asset Management.
Queensland Press, Kerry Packer's Consolidated Press
Holdings Group, and company founder Wayne Passlow,
chief executive officer of Open Communications,
also contributed to the financing. A spokesperson
for new investor J.P. Morgan said the firm contributed
to $22 million. CoMindico also said it received
an unspecified amount of vendor financing from Cisco
Systems. CoMindico will use Cisco's vendor financing
and the equity funds to develop its IP-based carrier
network. Open Telecommunications will help design
the network.
http://www.comindico.com.au/
_____________________________________________

o Reports: Sanwa Bank and Microsoft Create Asian Fund

TOKYO -- Sanwa Bank and Microsoft will set up a
$50 million investment fund, according to reports
from the Wall Street Journal and the Associated
Press. The fund, which was launched by the Hong
Kong unit of Sanwa Bank and Microsoft, will invest
in online commercial ventures in China, South Korea,
and other Asian countries.
http://www.sanwabank.co.jp/
http://www.microsoft.com/
_____________________________________________

o Singapore and Israeli Firms Launch $150 Million Fund

SINGAPORE -- Keppel Telecommunications & Transportation,
a Singapore-based Internet holding company, and
Shrem Fudim Kelner Technologies, an Israeli investment
group, said they launched a new fund to invest in
early stage information technology companies. The
companies intend to raise up to $150 million for
the new Israeli High Tech Fund. Keppel and Shrem
Fudim Kelner will both invest $20 million to launch
the fund. The companies said the fund would concentrate
its investment activities on early and mid-growth
companies in the telecommunications, media, and
technology marketplaces. According to the investors,
the fund will deal exclusively with Israeli firms
although operations may have headquarters in the
U.S. or Europe. The fund will be managed by Shuki
Gleitman, former chief scientist and director general
of Israel's Ministry of Industry and Trade; Anya
Eldan, former president of AST Computers Israel;
and Henry Chia, director of corporate finance at
Keppel Telecommunications & Transportation.
http://www.keppelcorporation.com/
http://www.sfk.co.il/
_____________________________________________

o Former AOL Exec Debby Meredith Joins Mohr Davidow as Partner

MENLO PARK, Calif. -- Early-stage investment firm
Mohr Davidow Ventures said it named Debby Meredith
as a new partner. Ms. Meredith served most recently
as a senior vice president and chief quality officer
with the iPlanet group of America Online. She also
served as a senior vice president with Netscape
and as vice president of research and development
with Collabra Software. In addition, Ms. Meredith
has worked as vice president of business development
at Slate and served with Bell Laboratories, Logitech,
and Metaphor Computer Systems.
http://www.mdv.com/
_____________________________________________

o Customer Use Info Tech Firm TeaLeaf Names Sun Exec to Board

SAN FRANCISCO -- TeaLeaf Technology, which provides
companies with a technology that enables them to
collect information about customers' use of their
Web sites, said it has appointed Janpieter Scheeder,
president of network storage for Sun Microsystems,
to its board of directors. Mr. Scheeder has also
served as president of the Sun software business.
Before joining Sun Microsystem, he held a number
of positions at Data General, his most recent as
vice president of Aviion System Engineering. Tealeaf,
which also said it launched its first product, Tealeaf
TeaCommerce Suite, is backed by J.P. Morgan & Co.,
SAP AG, Matrix Partners, and Foundation Capital.
The company's products helps Web site operators
understand how customers interact with their sites.
http://www.tealeaf.com/

======= New Money =======

o E-Commerce Firm Plmarket Gets $5.2 Million in First Round

SHELTON, Conn. -- Plmarket, an electronic commerce
infrastructure and services company, announced it
has secured $5.2 million in its first round of funding
from Highland Capital Partners, General Catalyst,
InterActive Capital Partners, Audax Ventures, and
Grove Street Advisors. The company said it would
use the new funds to develop its technology platform
and continue its worldwide services.
http://www.plmarket.com/
_____________________________________________

o E-Currency Firm 2Xchange Raises $1 Million Seed Round

CHICAGO -- 2Xchange, developer of a technology platform
exchange that enables companies to trade goods and
services online using an electronic currency called
Global Business Usage Currency (GBUC), said closed
its seed round of financing with $1 million. The
round was financed by individual investors including
Mark Tebbe, chairman of Lante; Daniel Stern of Morgan
Stanley Dean Witter; and Chicago neurosurgeon Dr.
Ron Michaels.
http://www.2Xchange.com/
_____________________________________________

o Health Software Provider Exante Lands $2 Million Series A

DENVER -- Exante Health, a provider of Web-based
customer healthcare service and e-commerce software,
said it has received $2 million in its Series A
round of funding from RockMountain Ventures and
individual investors. The funds will be used for
product development and sales and marketing. Exante
also provides ASP and consulting services to small
and mid-size healthcare payer organizations.
http://www.exantehealth.com/
_____________________________________________

o Software Provider Ardext Receives $1 Million in Series A

ATLANTA -- Ardext Technologies, a software provider
for testing mixed-signal electronics, said it received
Series A funding in the form of $250,000 from Yamacraw
Seed Capital Fund, a $5 million fund that is part
of a larger, $100 million state-led initiative aimed
at developing broadband companies in Georgia. Ardext
also received $750,000 from individual investors.
The company said it will use the funds for product
development. To date, Yamacraw Seed Capital has
also invested in RF Solutions, a chip design company.
http://www.ardext.com/
http://www.yamacraw.org/
_____________________________________________

o Web-Based Auto Service Shop Texas Tea Raises $850,000 Seed

SAN JOSE, Calif. -- Texas Tea, which provides online
and onsite automotive service as an employee benefit
option for corporations, said it raised $850,000
in its seed round of funding from Sierra Angels,
BH Equity and Springboard Angels. The company plans
to use the funds for marketing and to buy more equipment.
http://www.texastea.com/
_____________________________________________

o Chelsea Paper Company, B2C Retailer, Launches With Series A

NEW YORK -- ChelseaPaper.com, a business-to-consumer
retailer of customized stationary, announced its
launch. The company recently raised over $1 million
in its Series A funding. The round included investments
from two undisclosed venture capital funds as well
as individual investors. The company said it will
use the fund for its operational and marketing.
The Chelsea Paper Company said there were no board
seats taken as a result of the investment. The company
is now rolling out its service online, but has arranged
to set up service stations in traditional retailing
venues to drive more business to the site.
http://www.chelseapaper.com/
_____________________________________________

o Web Audio ASP Gets $1.5 Million, Ex-Toys 'R Us Exec on Board

WOBURN, Mass. -- BYOBroadcast, an Internet audio
broadcasting application service provider, said
it received $1.5 million in seed funding from individual
investors Robert Lewis, co-founder of Cogentrix
Energy; Bruce Krysiak, former president and COO
of Toys 'R Us and Dollar General; Thomas Armstrong,
founding partner of Traverse Partners; Richard Kosowsky,
COO and CFO of Access Media; and other undisclosed
individuals. Mr. Lewis, Mr. Armstrong and Mr. Kosowsky
were named to the board of directors. The company
said it will use the funds to increase product deployment
and development. The company is planning to raise
a round of institutional funding.
http://www.byobroadcast.com/
_____________________________________________

o Streaming Video Firm Videoshare Raises $15 Million Round Two

WATERTOWN, Mass. -- Videoshare, a developer of streaming
video technology for developing, editing, and transmitting
video over the Web, said it has raised $15 million
in its second round of funding led by Chase Capital
Partners and TechFarm/Techfund Capital. Other investors
included EMC, Five Paces Ventures, Brand Equity
Ventures, Fleet Banking, Latona Associates, and
Scripps Ventures. The company said it would use
the funds to build its infrastructure and increase
its staffing.
http://www.videoshare.com/
_____________________________________________

o Toolwire Has $15 Million Series B, New CEO and Board Members

SANTA CLARA, Calif. -- Toolwire, which provides
online design infrastructure for the electronics
industry, said it raised $15 million in its Series
B round of funding. New investor 3i led the round,
which included new investor Horizon Ventures and
previous investors Angel Investors, Artemis Ventures,
and Barrington Partners. Horizon Ventures managing
director Jack Carsten and 3i's Paul Rivers-Latham
will sit on the company's board of directors. The
company will use the funding for further designs
of its wireless communications, networked systems,
and electronics. The company also said it named
former vice president of business development Mark
Gilbreath as its new president and CEO. Mr. Gilbreath
succeeds former president and CEO Daniel Hodges,
who remains with the company as chief strategist.
http://www.toolwire.com/
_____________________________________________

o $15 Million Round Three for Sharing Technologies

PARIS -- Sharing Technologies, the developer of
knowledge management  applications, said it has
secured $15 million led by Siparex Ventures. NIF
Ventures of Tokyo's Daiwa Securities Group, Montreal's
Investissement Desjardins, SG Asset Management,
Woodside Fund, Sofinnova, Innovacom, CIC, and Trinova
all participated in the round. Sharing said it will
use the funds to expand its worldwide sales, marketing
and professional services organizations, as well
as to support product development. The company said
it also received $6 million in financing from IBM
Global Financing.
http://www.sharing.com/
_____________________________________________

o Net Services Firm Digital Focus Gets $7 Million Round Two

HERNDON, Va. -- Digital Focus, an Internet business
integrator specializing in strategy development,
Web site design and construction, and interactive
system deployment, said it received $7 million in
its second round, led by the Winston/Thayer Partners
Fund. Previous investor Blue Water Capital Partners
also participated. Scott Andrews, managing partner
of Winston Partners, joined the company's board
of directors. The company will use the funds for
expansion into other cities and for product development.
http://www.digitalfocus.com/
_____________________________________________

o Clarity Visual Systems Receives $6.5 Million Third Round

WILSONVILLE, Ore. -- Clarity Visual Systems, a provider
of visual messaging software, said it completed
its third round of financing with over $6.5 million.
The round was led by Needham Capital Partners, with
participation from other undisclosed investors.
The funds will be used for operational purposes
and to support the company's marketing initiatives.
http://www.clarityvisual.com/
_____________________________________________

o E-Mail Ad Firm TMXinteractive Raises $15 Million from Syncom

CONSHOHOCKEN, Pa. -- TMXinteractive, a provider
of multimedia e-mail advertising and related technologies,
said it received $15 million in financing from Syncom,
a Silver Spring, Md.-based venture capital fund.
The company plans to use the funds to expand its
operations, which includes staffing new offices
and technology development.
http://www.tmxinteractive.com/
_____________________________________________

o Linux Graphic Software Firm Metro Link Secures $5.6 Million

FORT LAUDERDALE, Fla. -- Metro Link, a software
development company founded in 1989 that specializes
in graphics display technology for Linux, UNIX and
embedded operating systems, said it received a private
placement from Linux Global Partners, a New York-based
venture fund, for a total of $5.6 million in cash
and stock. The funds will be used for research and
development, sales and marketing, and working capital.
http://www.metrolink.com/

======= New Products =======

o University of South Florida To Start New Incubator Services

TAMPA, Fla. -- The University of South Florida is
launching the Center For Entrepreneurship and Global
Management, a high-tech incubator. Mike Kovac, USF's
high-technology programs director, said the Center
has secured $1 million from Dan Doyle, BrainBuzz.com's
co-founder and CEO, and will use the funds to nurture
up to 10 local hi-tech startups. The funds will
also go to fuel the commercialization of university
research projects, Mr. Kovac said. The Center said
it would announce its first series of investments
within six months. Telephone 813-974-3780.
_____________________________________________

o Linux Software Firm Corridor Announces Launch and Incubation

GREENBELT, Md. -- Corridor Software, which is developing
a suite of Linux server components for small businesses,
announced the formation of the company. Corridor
Software is being incubated by Greenbelt, Md.-based
OAO, which is providing the company with office
space and materials, computer equipment, engineering,
business assistance, and unspecified funding.
http://www.corridorsoftware.com/
_____________________________________________

o E-Learning Broadband Aps Firm One Touch Systems Alters Name

SAN JOSE, Calif. -- One Touch Systems, a provider
of advanced interactive broadband applications for
electronic learning sites, said it has changed its
name to One Touch Knowledge Systems. The company
said the change reflects its expanded business direction
and commitment. One Touch Knowledge Systems is backed
by the Hughes Network Systems, Apollo Group and
the Hermes Fund.
http://www.onetouch.com/

======= New Deals =======

o Cognito Relinquishes 25% of Its Equity in Restructuring

LONDON -- Cognito, which provides wireless technology
services, said it relinquished 25% of its equity
in a corporate restructuring. The stake was assumed
by F&C Ventures. The company said that the equity
exchange was strategic in nature, enabling the company
to expand its operations by aligning with a major
financial institution. Cognito said that F&C Ventures
would take one seat on its board of directors as
a result of the equity exchange.
http://www.cognito.co.uk/

======= M&A =======

o Event Planning ASP Event411 Acquires Housing Service MeetUp

MARINA DEL REY, Calif. -- Event411.com, an application
service provider of tools for online meeting planning,
said it has acquired MeetUp.com, an Internet-based
event housing reservation and hotel block management
firm. Financial terms were not disclosed. MeetUp's
chief executive officer Edward Pereira will move
from the firm's Vancouver offices to Event411 offices
in Los Angeles and work on product development.
Event411 is backed by CB Capital, Gannett, WI Harper
Group, Van Wagoner Funds, Sandler Capital Management
and Camelot Capital.
http://www.meetup.com/
http://www.event411.com/
_____________________________________________

o Investment Firm Yazam Buys Business Development Firm Todo

NEW YORK -- Yazam, an investment firm specializing
in seed-stage and business development, said it
has acquired Tokyo-based Todo Technologies, which
specializes in business development for communications,
software and information technology firms. Todo
president Todd Walzer will be president and representative
director of the renamed subsidiary, Yazam K.K. Yazam
is backed by Texas Pacific Group, J.P. Morgan, Merrill
Lynch, Apax Partners, China Development Industrial
Bank, Itochu International, Microdent, Bank Hapoalim,
Carlyle Internet Partners and individual investor
Charles Schwab.
http://www.yazam.com/
_____________________________________________

o IT Factory Acquires Lotus Consultant Group MICA

CAMBRIDGE, Mass. -- IT Factory, an international
supplier of collaborative Internet business solutions,
announced the acquisition of MICA Computing Services.
Terms of the deal were undisclosed. MICA specializes
in the design and implementation of Lotus Domino
infrastructures as well as intranet and extranet
solutions. This is the fourth in a series of planned
acquisitions, which include Corporate Image Software
in January, Solutions By Design in April, and Documental
in June. IT Factory is backed by 2M Invest, Gilde,
and Den Danske Bank.
http://www.mica.com/
http://www.itfactory.com/
_____________________________________________

o Aficionado Site FansRule Acquires Fan Emporium

CARLSBAD, Calif. -- FansRule.com, an online site
that provides fans of sports and entertainment personalities
with news, celebrity participation, fan interaction,
and merchandise opportunities, has acquired Fan
Emporium, which operates a Web site that hosts official
fan clubs for celebrities such as Mariah Carey,
John Mellencamp, Michael Bolton, and Cyndi Lauper.
Financial terms of the acquisition were not disclosed.
FansRule.com is backed by Marblehead Capital Group.
http://www.fanemporium.com/
http://www.fansrule.com/

======= New Directors =======

o Hotel Internet Access Provider RoomLinX Adds Two to Board

FREMONT, Calif. -- RoomLinX, a provider of wireless
Internet access to hotels, convention centers, and
extended-stay facilities, has added Mario M. Rosati
and Herbert I. Hunt III to the company's board of
directors. Mr. Rosati is a member of Silicon Valley
law firm, Wilson Sonsini Goodrich & Rosati in Palo
Alto, Calif. Mr. Hunt founded international executive
recruitment firm, H.I. Hunt & Co. Mr. Rosati and
Mr. Hunt join Allan B. Shapiro, Dennis M. Fitzpatrick,
and Robert A. Crist on the RoomLinX Board. RoomLinx
is backed by individual investors and is in the
process of raising its first round of funds.
http://www.roomlinx.com/

======= New People =======

o Former Critical Path Exec Becomes CEO of Storage Site Xdrive

SANTA MONICA, Calif. -- Xdrive, an Internet storage
and universal file access company, named Paul Gigg
as president and chief executive officer replacing
founder Brett O'Brien, who will remain as chairman.
Mr. Gigg was formerly the chief operating officer
of Critical Path, a provider of Internet messaging
infrastructure. Xdrive is backed by Wit SoundView
Ventures, America Online, David Bohnett of Baroda
Ventures, Deutsche Banc Alex Brown, EMC, J. & W.
Seligman & Co., Jump Investors, Pacific Capital
Group, PCG Ventures, Veritas Software,  eCompanies
Venture Group, and the Goldman Sachs Group.
http://www.xdrive.com/
_____________________________________________

o Eko Systems Names Former Apache Exec as President and CEO

FARIFAX, VA. -- Eko Systems, a provider of medical
record keeping technology, said it named Dr. Scott
Mason as its first president and CEO. Dr. Mason
will join the company in the next few weeks upon
completing a number of client assignments for his
current employer Apache Medical Systems, where he
has served as executive vice president. Eko Systems
is backed by Beacon Global Advisors and is raising
its first round of funding.
http://www.ekosystems.com/

======= VW Corrections =======

o The Atlantis Group

NEW YORK -- Due to inaccurate information provided
by the company, a story in VentureWire on Sept.
18 announcing a new $6 million fund raised by The
Atlantis Group, contained an incorrect Web address.
The correct URL is http://www.theatlantisgroup.net,
not http://www.theatlantisgroup.com.
_____________________________________________

o eLive

NEW YORK -- A story in Friday's VentureWire announcing
eLive's $3 million funding, contained an incorrect
Web address. The correct URL is http://www.goelive.com.

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=====================================


For your information--

Mike McClain is leaving Enron and his last day with us is Friday, November
10.  He has accepted a position with Portland General Electric, and we wish
him well in all his future endeavors.


---------------------- Forwarded by Matthew Lenhart/HOU/ECT on 02/13/2001
01:08 PM ---------------------------

Mike Grigsby
01/22/2001 12:08 PM
To: Matthew Lenhart/HOU/ECT@ECT
cc:

Subject: Power Plants

Matt,

Please take a look at these spreadsheets and calc the gas usage by plant and
by pipe in CA.  Chris Foster is telling us that most of these palnts will be
shutting down in the next few weeks due to credit exposure.  Let's discuss
the impact on sendouts.

Thanks,
Grigsby
---------------------- Forwarded by Mike Grigsby/HOU/ECT on 01/22/2001 01:05
PM ---------------------------

	From:  Chris H Foster                           01/18/2001 03:45 PM

To: Mike Grigsby/HOU/ECT@ECT, Phillip K Allen/HOU/ECT@ECT
cc:
Subject: Power Plants

Philip is a list of the gas plants.  CEC list is all plants including QFs and
non QFs (i.e.utility plants and the IPPs - Reliant, SOuthern et al).

Chris


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October 17, 2001

AES Hits Brick Wall in Venezuelan Acquisition

By Will McNamara
Director, Electric Industry Analysis

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[News item from Reuters] Venezuelan telecommunications firm CANTV, or Compania Anomima Nacional Telefonos, facing a $1.37-billion hostile takeover bid by AES Corp. (NYSE: AES) has forced a showdown with the U.S.-based global power company by announcing a share repurchase program. The Board of Directors of CANTV, Venezuela's biggest telecommunications company, recommended that shareholders approve a proposed share buyback program of up to 15 percent of CANTV's shares at a price of $30 per American Depositary Share (ADS), or approximately $4.29 per share. Analysts said the CANTV Board's proposals, which would be submitted to shareholders at an extraordinary meeting set for Oct. 24, clearly flung down the gauntlet to AES.

Analysis: AES' expansion in Latin America's telecommunications market was always seen as a risky move, and now that risk seems to be resulting in a big bite out of the company's strategy. CANTV, which was an appealing takeover target for AES due to its long-standing monopoly over the telecom market in Venezuela, has a strong ally in the form of Verizon Communications (NYSE: VZ), which holds a 28.5-percent stake in the company. Verizon came out in support of the 15-percent repurchase program being launched by CANTV, which clearly is a form of aggressive resistance against AES' efforts to gain control over the company. The repurchase could be seen as a power play, with Verizon also seeking to increase its share in CANTV, which many analysts might see as a more appropriate synergy. However, this story also highlights the difficulty that AES has had with its expansion efforts in Latin America, especially since CANTV's resistance comes on the heels of AES' pulling out of another acquisition project in Ecuador.

For background, it is important to note that AES already owns 6.9 percent of CANTV through its majority ownership of Electricidad de Caracas, Venezuela's largest private electricity company. Thus, the takeover effort is an attempt to gain majority ownership of the company and take control away from Verizon. CANTV, which was privatized a decade ago, is a full-service telecommunications provider offering switched and local, domestic and international long-distance service throughout Venezuela Company. CANTV also offers mobile cellular services, wireless services, Internet access and other value-added services, and owns all of the Venezuelan public exchanges and national network of public telephone lines. CANTV became privatized about 10 years ago and until last year reportedly had a monopoly on the fixed-line telephone service in Venezuela. The company has a market capitalization of $2.6 billion.

AES had bid $24 in cash for each of the 28.57-million U.S.-listed shares in CANTV and $3.43 in cash for each of the 200 million shares of CANTV traded in Venezuela. AES' offer for CANTV's American shares represents a 9.2-percent premium over CANTV's closing price of $21.98 on Aug. 29, the time at which the takeover effort was launched. From the start of the offer, some critics charged that this bid was too low, but AES has maintained that the offer is fair. AES reportedly plans to sell off CANTV's mobile services, which account for about a quarter of the company's revenues, and distribute the proceeds to shareholders.

CANTV was never very receptive to AES' bid, and did consider it to be a hostile takeover. In fact, workers' representatives at CANTV circulated a statement strongly objecting to the bid from AES, stating that the deal would severely damage Venezuela and CANTV workers. CANTV employees hold a 10.9-percent interest in the company. Now we see that CANTV is upping that resistance a notch by attempting a repurchase of its own stock. Note that CANTV will most likely issue the buyback program at $30, compared to the $24 that AES had offered. Thus, the challenge for AES, if it still wants to gain control over CANTV, will be to increase its already 9.2-percent premium offer. The word circulating in the industry is that AES still intends to proceed with its takeover attempt, and the CANTV strategy will not derail these attempts.

AES' rationale for increasing its holdings in the company is most likely twofold in nature. First, AES obviously finds great appeal in the Latin American market as the company already owns electricity assets in Brazil, Chile and other countries. Just this week, AES announced its penetration of the Argentina market by inking a $376-million deal to purchase distribution and generation assets in that country from New Jersey-based Public Service Enterprise Group (PSEG). In another recent announcement, AES launched a cash tender offer to acquire all of the outstanding loan participation certificates of Empresa Electrica del Norte Grande in northern Chile, a company that consists of 716 MW of generation and 1,056 kilometers of transmission. In fact, AES reportedly rivals Spain's Endesa as the region's most dominant power company and by all appearances now derives a large part of its business throughout Latin America. Whereas AES was clearly diversified across the United States, Asia, Europe, and Latin America, many investors now perceive the company as moving into a heavier focus on Latin America, which constitutes a risky proposition in and of itself due to unique politics in the various Latin American countries.

However, AES recently pulled out of its attempt to launch a $128-million takeover bid for Chilean generator Edelnor. Currently, Edelnor, which is one of the largest electrical generators in Chile, is controlled by Mirant Corp., one of AES' direct competitors in the independent power producing market. Perhaps also reacting to the volatility in the region, Mirant has announced that it will not sink any additional capital into the Edelnor unit unless it can be assured of repayment. AES did not give a reason for its decision to terminate the Edelnor takeover, but one can surmise that investor reactor to its ongoing efforts in Venezuela may have been a significant factor. Further, on Sept. 25, AES cut its earnings estimate for 2001 to a range of $1.25 to $1.45 per share from a previous range of $1.75 to $1.90. AES blamed poor currency exchange rates between the Brazilian real and U.S. dollar, lower U.K. power prices, and the company's inability to replace earnings anticipated from the planned acquisition of the Mohave power plant. The drop in AES' earnings estimate may have lowered available capital that the company needed to purchase Edelnor.

AES shares were priced at $24.25 prior to the earnings revision. After the announcement, at least as of early morning trading on Sept. 27, AES shares were priced at $12.25, significantly down from the 52-week high of $73, which is what the stock was priced at a year ago. As of early morning trading on Oct. 17, AES shares were priced at $14.81.

Moreover, investors did not react positively to AES' plan to increase its stake in CANTV. In fact, after word of the deal began to circulate on Aug. 29 (a day on which many stocks fell) AES' stock closed down $2.94, or 8.3 percent, to a 20-month low of $32.65 on the New York Stock Exchange. AES CEO Dennis Bakke immediately attempted to reassure investors that the purchase did not represent a change of strategy for AES, which he says will remain focused on power. In addition, Bakke noted that the purchase does not represent a new venture for AES as the company already holds telecom assets in Brazil and Bolivia. Further, Bakke clearly stated that AES is "not going to announce a bunch of telecom acquisitions around the world." Nevertheless, some investors believe that AES is imprudently expanding into the telecom sector, which is already significantly troubled, and becoming too heavily entrenched in Latin America, a market that is prone to political volatility. One investment analyst perhaps spoke for many when he commented that AES has little experience in the telecom sector and its limited experience to date has not been terribly successful. This, coupled with the general market downturn for most companies with telecom exposure, does not make for a good recipe from an investor's perspective, at least as of today.

In fairness to AES, penetrating the Venezuelan market could represent a very strategic move from a long-term perspective. With a population of 23.5 million, Venezuela represents a large potential market for energy and other related services. In addition, Venezuela is an asset-rich country, particularly with regard to oil resources. According to the Department of Energy, Venezuela is important to world energy markets because it holds proven oil reserves of 77 billion barrels, plus billions of barrels of extra-heavy oil and bitumen. Venezuela consistently ranks as one the top suppliers of U.S. oil imports and is among the top 10 crude oil producers in the world. In addition, as noted AES' investments in Latin America are not exclusively focused on Venezuela, as the company also is present in Argentina, Brazil, Chile, etc.

Concerns about telecom arguably overshadow concerns about expansion in Latin America and play a larger role in the drop in AES' stock, especially when we consider that AES has been present in Latin America for some time. Only little more than a year ago, the telecom sector was at its peak, with billions of capital investment flooding into the sector as wildly optimistic expectations for demand seemingly exaggerated the scale of the market. However, a massive downturn has ensued, impacting not only companies operating in the telecom space but the nation's entire economy as well. The bottom of the telecom sector has fallen out, due in large part to the fact that the increase in bandwidth capacity has outpaced the growth in market demand.

As I've said before when analyzing this company, the further that AES departs from its core strategy, the more likely it is that we will continue to see volatility in the company's stock. Up until these recent announcements, AES maintained that it was engaged in three lines of businesses, which were all equally important to its strategy: power generation, network delivery services and retail energy marketing. Generation always appeared to be the main core of the company's business model, as AES controls some 125 facilities totaling over 44 gigawatts of capacity worldwide. This business model worked well for AES and was well received by investors. Any perceived deviation from this successful strategy-especially if it includes expansion into the dangerous territory of telecom-could mark a new and risky era for AES.

Nevertheless, one could also surmise that AES has found a market opportunity that is worth exploring. Latin America has low electrification and Internet usage statistics. Some analysts project high growth in the next 5 to 10 years in Latin America in both electrification and Internet use, which in turn involves telecommunications. The telecom industry is struggling at the moment. Thus, if one believes that telecom will make a comeback, then buying now may make a wise strategy for those involved.

An archive list of previous IssueAlerts is available at
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I recently requested access to CQG.  Could you please tell me how the process
is moving along and when I will be able to access it.

Thank you,

Errol McLaughlin
X5-8274


Dale,

On the new Gas Daily product that you are setting up, I think it would be a
good idea to have a Nymex reference in the short description.  Something
like, US Gas Daily NX GD/D HSC.

In addtion, we need two new index locations set up, Carthage hub and Agua
Dulce hub.  Please contact Todd Richardson for further details on these.

Thanks for your help.


thanks for your analysis ron jaworski.


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

NEWS RELEASE
FROM THE
CALIFORNIA ENERGY COMMISSION

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

For immediate release: December 19, 2001
Contact: Percy Della - 916-654-4989

Nearly 9 Million More Vehicles in California
By 2020, Says Energy Commission
Sacramento - By the year 2020, California is expected to be home to 45 million people and more than 31.5 million motor vehicles ? up substantially from the 35 million people driving 22.8 million vehicles in the State in 2000.

Californians, who used 14.2 billion gallons of gasoline a year in 2000, will consume as much as 19.6 billion gallons a year by 2020. Diesel demand will rise from 2.6 billion gallons a year in 2000, to 4.2 billion gallons a year in 2020.

These projections are part of a just-released staff report from the California Energy Commission entitled Base Case Forecast of California Transportation Energy Demand. The document, prepared by the Energy Commission for the State Legislature, describes the most likely outlook for gasoline, diesel and jet fuel consumption in the years 2010 and 2020 if present trends continue, with no improvement in fuel economy for cars and trucks.

The report, required by Assembly Bill 2076, is the first product in a joint project by the Energy Commission and the Air Resources Board to recommend strategies to the Governor and the Legislature on ways to cut petroleum dependence in California.

The Base Case Forecast documents the State's historical demand for transportation fuel. The study extends present energy trends 10 years and 20 years into the future and identifies key factors now emerging that could affect future demand for gasoline. It also produces an alternative scenario for the State's energy consumption, depending on the advancement of fuel efficiency in cars and trucks, and the acceptance in the marketplace of hybrid-electric vehicles.

Highlights of the report's findings include:

*	From 2000 to 2020, California's population will grow at about 1.4 percent a year. The number of miles traveled, however, will grow by 1.8 percent a year, meaning Californians will drive more and more miles each year.
*	Today's average per-mile-cost of gasoline is less than one-half of what it was in 1980. That's because, since 1980, the real cost of gasoline has dropped 40 percent while overall fuel economy has nearly doubled.
*	Fleet-average fuel economy, increasing since 1973, has leveled off. The trend is predicted to continue: between now and 2020, fuel economy will not improve significantly as consumers continue to purchase less-fuel-efficient vehicles like sport utility vehicles, vans and pickups. By 2020, such light trucks are expected to represent 44 percent of the vehicle fleet, up from 39 percent in 2000.
*	If more fuel-efficient vehicles - including "hybrids" - enter the marketplace in sufficient numbers, they could cut gasoline usage in California by approximately 500 million gallons in 2010, and more than 900 million gallons by 2020 under the alternative scenerio.
*	California will continue to be a major market for automobiles. In 2000 alone, Californians purchased 1,126,000 new cars and 965,000 new light trucks.

The new report, Base Case Forecast of California Transportation Energy Demand now is available on the Commission's Web Site at

www.energy.ca.gov/reports/

The Energy Commission, in conjunction with the Air Resources Board, will hold a one-day workshop on the preliminary results of the staff's analysis on Wednesday, January 16, 2002, beginning at 9:30 a.m. at the Energy Commission's offices in Sacramento.

# # #

* * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * *

To unsubscribe from this list, please go to:

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and in the body of the e-mail, type in

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* * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * *

Farideh Namjou
Web Development Team
California Energy Commission
916-654-4989

* * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * *


At any price?

 -----Original Message-----
From: 	Zipper, Andy
Sent:	Monday, May 21, 2001 1:46 PM
To:	Forster, David
Subject:	RE: Another Clickthrough

no interest right now.


I will initiate the call and I will also conference in Andrea Bertone.
Attached is a short list illustrating the types of financial products about
which our commercial people are inquiring.  My goal is to discuss parameters
for further legal/tax research required to assist Enron in deciding how to
trade these products.  I look forward to our conversation.  Sara


With guarded optimism I believe we have reached an agreement.   I await the
final draft from their counsel for execution.

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


Attached is an article of how the CA power problem is effecting North
Carolina in its decision to regulate its power market.


got tix for tonight


Please take me off your mailing list.  These e-mails were never intended for me.

 -----Original Message-----
From: 	"Coldwater Creek" <ColdwaterCreek.631736.1181.0@thecreek.coldwatercreek.com>@ENRON [mailto:IMCEANOTES-+22Coldwater+20Creek+22+20+3CColdwaterCreek+2E631736+2E1181+2E0+40thecreek+2Ecoldwatercreek+2Ecom+3E+40ENRON@ENRON.com]
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I asked Bob about these this morning, and he said he's still got to work this
out with Constellation. The way he explained it, our position is flat with
Constellation, so for settlements purposes we're okay - i.e. We've bought the
same volumes that we've sold, and we end up losing a bit due to the index
offset - but otherwise the index price won't make a difference.  But I
suspect he's not thinking of the problem from the confirmation standpoint.
Could you tell me exactly what needs to happen to clear this up on your end
so that I can explain it to Bob in a way that might make him DO something?
I'm sorry for the delay on this - I'm getting ready to call Bob's contact at
Constellation for him.

Let me know what your ideal solution would be. Should we get Constellation to
agree to the Dow Jones index? Or should we change the deals to forward fixed
price? We'll fix this today - I promise.

Thanks,
Kate

Melissa Ann Murphy
04/17/2001 08:12 AM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: Re: Constellation Cal Px trades

Hello, any news on these Constellation Cal PX trades?
Thanks,
Melissa
---------------------- Forwarded by Melissa Ann Murphy/HOU/ECT on 04/17/2001
09:06 AM ---------------------------
   Kate Symes                03/30/2001 12:57 PM

To: Melissa Ann Murphy/HOU/ECT@ECT
cc:
Subject: Re: Constellation Cal Px trades

I just talked to Bob, and I don't know if he's responded yet, but I thought
I'd fill you in anyway. He's been talking to his contact at Constellation
about changing these deals over, but hasn't received a concrete answer yet.
I've reminded him and he said he WILL talk to the guy and resolve it today.
I'll keep on it, and let you know when these deals have been changed.

Thanks,
Kate

Melissa Ann Murphy
03/29/2001 11:13 AM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: Constellation Cal Px trades

Hello, I hate to bug you with this.  Whenever you can spare a second would
you ask Bob about this?  I am afraid it is going to slip through the cracks.

Thanks for your help!
Melissa
---------------------- Forwarded by Melissa Ann Murphy/HOU/ECT on 03/29/2001
12:07 PM ---------------------------

Melissa Ann Murphy
03/26/2001 10:34 AM
To: Robert Badeer/HOU/ECT@ECT
cc: Kate Symes/PDX/ECT@ECT
Subject: Constellation Cal Px trades

Hi Bob, I was wondering if you have contacted Constellation about the 6
trades that are in the system with the Cal Px as the index price.  All of
these trades start flowing in July of this year.

The deal numbers are as follows:

453152.01
453175.01
453294.01
462109.01
471888.01
471889.01

Let me know if Constellation agrees to change these deals to the Dow Jones so
I can send a letter for them to sign.

Thanks,
Melissa


Ken:

I think this is very honorable for you to take the position of not accepting
your severance.  That would be hard for anyone else to turn down.

My hat's off to you!

Having retired from Enron, we can use any help from you possible to preserve
the retiree benefits in the new Dynegy, Inc. organization.  If you have any
influence over Dynegy, Inc. Please ask them to keep the Inactive Employee
(Retiree) Medical provisions.

My wife, Brenda, still has fond memories of meeting you. She was in the RED
wheelchair at our last meeting.

Thanks and good luck in your future and we always enjoyed receiving your
family Christmas card and picture,

Dennis & Brenda Alexander
Sealy, Texas


We are pleased to announce that Cliff Baxter has been named Vice Chairman of
Enron Corp.

Cliff joined Enron in 1991 and has served in a variety of leadership
positions in Enron Corp. as well as Enron,s wholesale business, including Sr.
Vice President of Corporate Development for Enron Corp., Chairman and CEO of
Enron North America, and Chief Strategy Officer for Enron Corp.

In his new role, Cliff will focus on the strategic repositioning of the
company as we continue to increase our return on invested capital.
Initially, much of that activity will center on the disposition of certain
assets.  Cliff,s leadership and experience at both the corporate and
operating company levels will enable him to lead the effort on this
company-wide priority.

Please join us in congratulating and supporting Cliff in his new role.


DSTAR:  The Board meeting is being held today and tomorrow.  The board
consultants have been working with the six IOU's to submit a joint filing on
the 16th that will consist of a letter and supplemental summaries of each
proposal.  They are not asking for approval or submitting tariff language but
simply providing a status report.  The consultants indicated that they are
also including a list of unresolved issues which turned out to be a fairly
contentious topic as they are not including a majority of the SWPTF
comments.  Our position was to include all issues or none at all.  The
consultants are holding meetings next Wed-Friday to discuss the issues and
prepare for a Board briefing on October 30 where all parties will have an
opportunity to be heard.  The Board hopes to make final decisions on the
outstanding issues at the November meeting in order to have a tariff filed by
the December deadline.

AISA:  Filed an answer in response to the Arizona Irrigation Districts Motion
to Reject the AISAA Filing and other motions to intervene.  The AISA
successfully lambasted the irrigation districts citing their substantial
participation in the process and questioning their motive in what is
exclusively a retail access initiative.  The irrigation districts are
exclusively wholesale and are in fact not even wholesale transmission
customers of any AISA participating transmission provider.  The filing also
requests the FERC to separate approval of Phase I and Phase II features as
the limited concerns raised by the few portesters were focused on Phase II
features of the protocols manual.  AISA requests FERC act on Phase I so the
marketplace can immediately take advantage of the pro competitive benefits
associated with Phase I and in particular the temporary transmission rights
allocation and the fast track ADR process.  This request includes a
stipulation that if the FERC decide to act in Phases, that it act on Phase II
features no later than April 15, 2001.  ** The filing also addresses Judge
Campbell's minute entry on the Retail Electric Competition Rules and
interprets the fair value determination to be associated with retail sales by
ESPs and NOT FERC-jurisdictional services.

WIO:  NRTA has confirmed that they do not intend to merge with the other
entities into the WIO but will support its formation.  They may have certain
requirements if they wish to be a steering committee member, however.


Mr. Black,
Tom Zenner asked me to follow up with you regarding the Delmarva Heat rate,
as he is out of town for the rest of the week.  Pursuant to the proforma
you have, the heat rate is estimated to be 9,579 Btu/KWh HHV.  I hope this
is what you are looking for.  If not please don't hesitate to contact me at
713-546-2578.

Regards,
Patrick Smith
TM Power Ventures


Molly,

Thanks a lot.

Vince

	Enron North America Corp.

	From:  Molly Magee                           02/22/2001 12:25 PM

To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: Mark Kierlanczyk

Vince:  Just to update you:  Mark said that he would like to spend some time
with you, so he is scheduled to come to Houston on Sunday.   His interviews
begin at 1:00 pm on Monday, and he will be seeing John Lavorato, Gary
Hickerson and Stinson.   Jeff Shankman is in Tokyo that whole week, as we
discussed earlier.    I will give you his itinerary as soon as it is complete.

Please let me know if there's anything else I can do.

Molly


Mark,

I'd appreciate your comments regarding the "Address for Notice"
comments/suggested amendments in David Minns' email.

Thanks,

Dave


>From: Margaret Lenhart <mlenhart@alltel.net>
>Reply-To: mlenhart@alltel.net
>To: Dale Leggett <dleggett@alltel.net>, Hal Lenhart <hlenhart@msn.com>,
>John Porter <jporter@iopener.net>, Leona Jackson
><handljackson@hotmail.com>, Junior and Connie Moehl <foxylady251@juno.com>,
>Lori Lenhart <lorinlenhart@hotmail.com>, Pauline Decker <rddphd@webtv.net>,
>Sarah Hale <sarahhale@aol.com>
>Subject: [Fwd: Fwd: PERSONALITY TEST  (Quick and simple)]
>Date: Wed, 30 May 2001 20:02:33 -0500
>
>

_________________________________________________________________
Get your FREE download of MSN Explorer at http://explorer.msn.com

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Subject: Fwd: PERSONALITY TEST  (Quick and simple)
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Take a few minutes to take this test.  It is interesting.
Date: Wed, 30 May 2001 09:55:24 -0500
From: "Jeanetta Schneider" <jschneider@cline-law.com>
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Subject: Fwd: PERSONALITY TEST  (Quick and simple)
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Subject: PERSONALITY TEST  (Quick and simple)
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----- Forwarded by Kenneth E Schneider/ard/IANR/UNEBR on 05/30/01 09:02 AM
-----

                    sstippel@unlnot
                    es.unl.edu             To:     slobmwp@hotmail.com,
                                           andyofduffys@netscape.net,
                    05/29/01 11:10         rstae@allstate.com, Vstippel2@aol.com,
                    AM                     mcosi@allstate.com, kschneider1@unl.edu,
                                           lbauer2@unl.edu, rheyduck@unlnotes.unl.edu
                                           cc:
                                           Subject:     PERSONALITY TEST  (Quick and
                                           simple)

 MAKE A WISH BEFORE BEGINNING THE TEST!!

A Warning!      Answer the questions as you go along..
      There are only four questions and if you see them all before
finishing

- you will not have honest results. Go down slowly and do each exercise as
you scroll down. Don't look ahead. Get pencil and paper to write your
answers
as you go along. You will need it at the end. This is an honest
questionnaire, which will tell you a lot about your true self..

Put the following 5 animals in the order of your preference.
       a. Cow
        b. Tiger
        c. Sheep
        d. Horse
        e. Pig

Write one word that describes each one of the following:
       Dog
       Cat
       Rat
       Coffee
       Sea

        Think of someone (who also knows you and is important to you) that
you can
relate them to the following colors. (Please do not repeat your answer
twice.
 Name just one person for each color.)
        Yellow
        Orange
        Red
        White
        Green

        Finally,write down your favorite number and your favorite day of
the

week.

       Finished? Please be sure that your answers are what you REALLY WANT.

        Look at the interpretations below: (but first before continuing,
repeat your wish.)

        This will define your priorities in your life.

        Cow signifies CAREER
        Tiger Signifies PRIDE
        Sheep Signifies LOVE
        Horse Signifies FAMILY
       Pig Signifies MONEY

      Your description of dog implies YOUR OWN PERSONALITY.
      Your description of cat implies the personality of your partner.
      Your description of rat implies the personality of your enemies.
      Your description of coffee is how you interpret SEX.
      Your description of the Sea implies your own life.

        Yellow:  Someone you will never forget
        Orange: Someone you consider your true friend.
        Red:      Someone that you really love
        White:   Your twin soul
        Green:   Someone that you will remember for the rest of your life.

      You have to send this message to as many persons as your favorite
number and your wish will come true on the day that you put. This is what
the
Dalai Lama has said about the Millennium -- just take a few seconds to read
it and think. Do not put away this message, the mantra will come out from
your hands in the next 96 hours. You will have a very pleasant surprise.
This
is true, even if you are not superstitious.

       Please do this. It is fascinating.

        SEND THIS E-MAIL MANTRA TO AT LEAST FIVE PERSONS AND YOUR LIFE WILL
IMPROVE

        0-4 persons: Your life will improve slightly.
      5-9 persons: Your life will improve to your liking.
      9-14 persons: You will have at least 5 surprises in the next three
weeks.
       15 or more persons: Your life will improve drastically and all that
you have always dreamed will take shape.

      If at any time you do not receive the smile you were expecting, be
generous and give that person a smile. Because nobody has as much necessity
of a smile than the person that does not know how to smile at others.


Frank:

	Attached is an electronic version of the CA.

Jeff


Here are the updates for May.  You will notice I have not added the extra
deals for Equistar Chemical because it didn't effect the whole month, plus I
only found the split out for the sale upto 4/00 not the purchase.

Julie


Please add TXU Energy Trading Company to list.  We had an old style "ERMS"
master in place, so they weren't allowed to do power, but now we have an ISDA
in place (even tho' Brant Reves threw out the new guaranty, but that is
another story!), so I am going to open them up for weather.


El Paso Says It's Open to Expansion of System
El Paso Natural Gas "is willing to expand its system" to the California
border if "sufficient support" for such a project can be demonstrated through
long-term capacity contracts, the pipeline told FERC.
The pipeline's comments were in response to a Commission inquiry asking El
Paso to consider the feasibility of upgrading its proposed Line 2000
crude-oil conversion project to a system expansion to help ease the pipeline
capacity crunch in the West.  Daniel M. Adamson, director of FERC's Office of
Energy Projects, raised the prospect in a Jan. 3 letter to El Paso, saying
that modifying the project "could assist the difficult situation" now facing
the California gas market.
Specifically, the Commission has recommended that El Paso amend a pending
application in which it seeks to acquire an existing 30-inch diameter,
1,088-mile crude oil pipeline from Plains All American Pipeline L.P., and
convert part of it to natural gas transportation service. The line extends
from McCamey, TX, to Bakersfield, CA. El Paso plans to convert to gas service
a 785-mile segment from McCamey to Ehrenberg, AZ. El Paso proposed the Line
2000 project as a loop line to replace existing compression, and not as a
system expansion.
However, "there are several ways that an expansion could be accomplished,"
wrote El Paso Vice President Al Clark on Jan. 15. "El Paso could add
compression to the proposed Line 2000 project, or it could replace or
recommission the compression that the pending application proposes to abandon
in place." As a third option, he said El Paso could add new compression to
its existing system or loop either the existing system or Line 2000 project.
The "preferable method will have to be determined by a careful analysis of
the relative costs and a determination of where shippers want the capacity,
i.e. where they want to put gas into El Paso's system and where they want the
gas delivered," Clark said.
As a "first step" towards gauging market support for an expansion, he noted
that El Paso on Jan. 12 posted 1.2 Bcf/d of California-bound pipeline
capacity for sale effective June 1 of this year. The capacity currently is
held by affiliate El Paso Merchant Energy, whose contracts expire May 31.
When the posting results are known, "El Paso will determine whether another
open season is needed to solicit expressions of interest in additional
pipeline capacity to serve markets both into and upstream of California."
If El Paso finds there is an "unmet demand for additional capacity" on its
system, the pipeline at that time "will evaluate whether an expansion of the
existing system or a modification of the Line 2000 project, or both, is the
appropriate means of accomplishing the expansion," Clark noted.
In the meantime, he urged the Commission to approve El Paso's application for
the Line 2000 project as it was filed. Not only will the project "increase
the operational flexibility" of El Paso's current system, but converting the
line from oil to gas service will be a "necessary prerequisite" to any future
expansion of the pipeline's system, according to Clark.


Mike,

I sent Leslie a note to include you and others on the desk on the distribution list.

 -----Original Message-----
From: 	Lawner, Leslie
Sent:	Friday, July 13, 2001 6:21 AM
To:	Allen, Phillip K.; Kingerski, Harry; Kaufman, Paul; Tycholiz, Barry; Miller, Stephanie; Ponce, Roger; Black, Don; Hewitt, Jess; Shireman, Kristann; Courtney, Mark; Elliott, Chris; Dasovich, Jeff; Becky McCabe; Fulton, Donna; Steffes, Darla; Stoness, Scott; Johnson, Tamara
Cc:	Nicolay, Christi
Subject:	CA Instrate Gas matters

This is to quickly summarize our call on July 11 on California gas intrastate matters and set a direction for future activity.

Unbundling:	 PG&E has a Gas Accord in effect through 12/31/03, which is generally positive.  We will participate in the development of a successor plan, and attempt to improve it if we can.
  		SoCalGas attempted its own version of a gas accord, but the CPUC refused to approve.  We will attempt to resurrect this accord and obtain CPUC approval.

Hedging:  No proceeding currently exists to address gas hedging by LDCs.  (draft legislation does exist on the electric side to allow hedging and passthrough of costs).  Jeff has recommended that we approach the LDCs to begin discussing the issue and developing a strategy to take to the CPUC.  I suggest we develop an ENA-EES hedging proposal for CA and then take that to the LDCs.  I will attempt to put this is writing.

Infrastructure:  CPUC has undertaken a proceeding to determine the need to improve infrastructure.  SoCal Gas and PG&E are responding with proposals.  We want to revitalize the infrastructure and ensure real markets exist and can develop.  Our task is to participate in these proceedings.

(Please let me know who I left off the mailing list).


FYI

 -----Original Message-----
From: 	Wiesepape, Jason
Sent:	Wednesday, May 02, 2001 11:12 AM
To:	Aucoin, Berney; Cross, Edith; Meyn, Jim; Morse, Brad; House, John; Trefz, Greg; Hiemstra, Nick; Martinez, Posey; Hamlin, Mason; Jacobellis, Steve; Sampson, Zachary; Piotrowski, Joseph; Zhang, Michelle; McMichael, Ed; Couch, Greg; Boyt, Eric; Moon, Eric; Olitsky, Sandy; McCaffrey, Deirdre; Boyle, Sean; Breese, Mark; Curry, Mike; Ahn, Chris; Parks, Michelle; Tingleaf, Drew; Irvin, Steve; Chapman, Kay; Christy Chapman/Enron@EnronXGate; Gardner, Stephanie; Martinez, Judy; Harvey, Claudette; Tripp, Garrett; Garrett, Bryan; Simpson, James; Penman, Gregg; McDonald, Michael; Danielson, Michael; Mainzer, Elliot; DeMoes, Phil; Muhl, Gil; Delainey, David; Dietrich, Janet; Ozzie Pagan/Enron@EnronXGate; Ader, Jeff; Bernstein, Mark; Dalton III, Oscar; Black, Donald M.; Rogers, Benjamin; McCoy, Kelly; Porter, Russ; Levingston, Maxine E.; Mccormick, George; Lemmons Jr., Billy; Miller, Mike; Tapscott, Ron; Sewell, Doug; Baughman, Edward D.; Kelly, Mike E.; Justice, Gary; Gupta, Gautam; Howley, Elizabeth; Moreno, Douglas V.; Espinoza, Javier; Smith, Christopher; Davidson, Julie; Baldwin, Tom; Day, Justin; Rose, Mary Sue; Haufrect, Brian; Womack, Kim; White, Don; Lowery, Joel; Harada, Mark; Schoen, Mary; Kovak, Kevin; Glasin, Shirleen; Livermore, Carl; Herrera, Fernando; Williams, Daniel; Irvine, D' Ann; Irvine, Geraldine; Malkemes, Shelby; Keenan, Jeffrey; Booth, Chris; Booth, Eric; Kellermeyer, Dave; Tricoli, Carl; Hill, Garrick; Coffman, Christopher; White, Stacey; Dahlke, Andrea; Evans, Casey; Moore, John; Jacoby, Ben; Mitro, Fred; Busby, Todd; Golden, Bruce; Coleman, Mike; Hyvl, Dan; Zisman, Stuart; Moore, Janice; Hoyt, Peter; Fraley, Keith; Gilbert-Smith, Doug; Davis, Mark Dana; Presto, Kevin; Herndon, Rogers; Dean, Clint; Gorny, Vladimir; Davenport, Lacrecia; Hayden, Frank; Sacks, Edward; Radous, Paul; Phillips, Rebecca; Johnston, Elizabeth; Gordon, Joe; Hammond, Pearce; Celedon, Adriana; Bagwell, Jennifer; Rorschach, Reagan; Gimble, Mathew; Duran, W David; Fairley, David; Healy, Scott; Plauche, Stephen; Manis, Herman; Huang, Alex; Braddock, Billy; Meyer, Chris; Miller, Stephanie; Wood, George; Llodra, John; Scheuer, Janelle; Griffith, John; Wagner, Joseph; Shepperd, Tammy R.; Hardy, Trey; Hardy, Stacy; Brown, Michael; Stewart, Jennifer N.
Subject:	Heading for Big "D"

After 3 years of Enron I have decided to make a change in career paths. Effective June 1, I will take over as the Director of Youth Ministries at Grace Bible Church in Dallas, TX. I have always considered doing this and the opportunity presented itself. Jamie and I decided that now was the best time (no kids and no debt). The job also offers a full scholarship to Dallas Theological Seminary, so now I can finish Seminary in 4 years instead of 7. I have enjoyed working with all of you and wish you much success in the future.

Hope to see you at the Happy Hour Berney is throwing for me at the Blue Agave (Waugh & Gray) @6pm on Thursday, May 3!!!

Starting May 18th you can reach me at the following:

Jason Wiesepape
9104 Leaside Dr.
Dallas, TX   75238

H: 214-553-1180
W: 214-368-0779

Take care - Jason


Start Date: 12/22/01; HourAhead hour: 17;  No ancillary schedules awarded.  No variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final Schedules\2001122217.txt


OUTLOOK EMAIL NOTIFICATION

Your Date of Migration is: May 14th

YOU WILL BE UNABLE TO SEND E-MAIL unless you take the following action:
Please go through your Notes email and clean out as many old/un-needed email
items as possible BEFORE your date of migration.? After you are migrated to
Outlook you will only be allocated 100MB of total Mailbox space.?? If more
than this amount of data is migrated to Outlook YOU WILL NOT BE ABLE TO SEND
E-MAIL until it is below the 100MB limit.? Cleaning up your Notes email now
will prevent this from happening to YOU.

Enron,s messaging platform is migrating from Lotus Notes to Microsoft Outlook
2000 worldwide.  You will be accessing Outlook for all of your email
functions.

WHY IS ENRON MIGRATING TO OUTLOOK 2000?

Many factors contributed to the decision to migrate from Lotus Notes to
Microsoft Exchange/Outlook.  The most prominent factors were:

? Significant advantages to moving to a product that is more integrated with
current Enron apps (Windows 2000, Office and Internet Explorer)
? More efficient Shared PC and Roaming User features
? Improved support and integration for Palm/CE devices
? Instant Messaging capabilities

WHAT IS BEING MIGRATED TO OUTLOOK 2000?

? Email Messages.  From the date of your scheduled migration, the last (30)
thirty days of your Email will be converted for use in Outlook.
? All your folders in Notes you use to store email messages in.
? To Do Items
? Journal Items
? Calendar Entries dating from (1) one year in the past to (10) ten years in
the future will be converted.
? Address Books, but NOT your Distribution Lists that you created.  You will
need to re-create these in Outlook.

Thank you,

Outlook 2000 Migration Team


FYI .... for Feb00 only, Equistar asked we deliver the gas under Sitara
106736 to HPL meter 1373 instead (the plant it was originally going to is
having some maintenance being done in Feb).

While I've already change the delivery point in the Sitara ticket, maybe
something needs to bve done to the risk assignment .....


All,

The nomination volumes for Transwestern (for ECS, LLC) gas volumes are below.  Please contact me if you have any questions.

TW Volumes April 2002

Bisti  		118,894
Bloomfield	112,378
Gallup		117,689
Total		348,961

Daily Volume	  11,632

Also attached is a spreadsheet that calculates the amount.


Tracey,

We will have to change the org_region codes for all of our books today.  I will send you the updated book requests today once IT has agreed to the changes.  That should solve your problem.

Thanks

Kam

 -----Original Message-----
From: 	Gossett, Jeffrey C.
Sent:	Monday, January 14, 2002 5:57 PM
To:	Keiser, Kam
Subject:	FW: Book requests

Can you figure something out for these guys?

Thanks

 -----Original Message-----
From: 	Irvin, Tracey
Sent:	Monday, January 14, 2002 4:59 PM
To:	Gossett, Jeffrey C.
Cc:	Whiting, Greg
Subject:	FW: Book requests

Jeff,

I have a concern regarding these new book requests for netco.  As you can see from the attached files, all the firm books have the same book code, "MF".  When accounting pulls the liquidations from TAGG, it is by book code and region.  When we pull the "MF" book code with "Financial" as the region, we will be getting the liquidations for John Arnold's book, Mike Maggi's book, etc.  We will have no way to determine which liquidations belong to which book.  I just have a concern that if/when we have variances we would not be able to determine which trader's book was the cause of the variance.  Do you know of another field that would provide this information?

thanks

 -----Original Message-----
From: 	Stevens, Mechelle
Sent:	Monday, January 14, 2002 3:48 PM
To:	Irvin, Tracey
Subject:	FW: Book requests

Here you go!

 -----Original Message-----
From: 	Valdes, John
Sent:	Monday, January 14, 2002 3:08 PM
To:	Stevens, Mechelle
Subject:	FW: Book requests

How about Canada?

John

 -----Original Message-----
From: 	Valdes, John
Sent:	Monday, January 14, 2002 3:07 PM
To:	Stevens, Mechelle
Subject:	Book requests

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

Do you need Power as well?  Let me know.

John


After several very difficult weeks, Enron announced on Friday that the company has reached an agreement to merge with Dynegy.

I know that everyone has many questions right now regarding the future of the Associate / Analyst Program.  We are working as quickly as possible with the business units and executive management to determine the future course of the Program.  As the merger points on the Enron homepage indicate (<http://home.enron.com/>), Dynegy has a similar program called "PACE", and the two companies will consider a combination of the two programs.

Today, all of the business units within Enron will be holding floor meetings to discuss the pending merger and it's implications for Enron.  I encourage each of you to participate in one of these meetings.

The announcement of the deal with Dynegy marks a significant event in removing some of the uncertainties we've all dealt with over the past several weeks.  As decisions are made regarding the future of the company and specific business units, we will be able to determine and communicate the future of the Program.

New opportunities will be created from the changes that are occurring.  The very best talent from both organizations will rise to the top, and our Associates and Analysts will be a key part of our future success.

I appreciate your continued efforts and patience during this difficult time.

Billy Lemmons
Vice President,  Associate / Analyst Program


Hi, Michael:

Per my voice mail, I am interested in purchasing a case of Skewis
half-bottles (any vineyard).  Do you have 12 bottles available?  That is my
first request.  If you don't have 12 Skewis, then I may have to search for
alternatives.

Shipment for this case will be directly to:

Michael C. McKeogh
601 Poydras Street, 23rd Floor
New Orleans, LA  70130

We can discuss payment when I hear from you.  Thanks for your help.

Sara Shackleton
Enron North America Corp.
1400 Smith Street, EB 3801a
Houston, Texas  77002
713-853-5620 (phone)
713-646-3490 (fax)
sara.shackleton@enron.com

	"Michael Rapp" <mrapp@oakvillegrocery.com>
	02/27/2001 06:51 PM
	Please respond to "Michael Rapp"

		 To: <sara.shackleton@enron.com>
		 cc:
		 Subject: Pinot Purchase

Sara,
It was nice talking to you and thank you for your  order.
The cost will be 287.95-10%=259.16+35.50 shipping  cmes to a grand total of
294.66. I will follow shortly with a list of dazzling  pinots. Let me know if
there is a favorite out there that your trying to  find.
Thank you Michael Rapp (707) 433-  3200??


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Mary Kay,
      At what point can we expect the CPUC and IS's to take their lumps and get on with picking at some other issues?  Hasn't Kern River done something that they can spend their time fighting about?  How do you think this one will go from here?

Dan

 -----Original Message-----
From: 	Miller, Mary Kay
Sent:	Wednesday, November 14, 2001 10:18 AM
To:	Fossum, Drew; McCarty, Danny; Harris, Steven; Lohman, TK; Porter, Gregory J.; Pavlou, Maria; Watson, Kimberly; Lokey, Teb; Kilmer III, Robert; Hartsoe, Joe
Subject:	TW Negotiated rate with USGT

For your info, we have received a protest and or reguest for Tech Conference or hearing from the CPUC regarding the USGT transaction starting Nov 1, 2001.  they raise the market power issue, the pricing, the volume, the policy of market based rates.  We expect a similar protest from IS, and also the issue regarding the alternate point use.  The volume on this transaction is for 400,000 per day with the negotiated rate provision only relating to the alternate path to Calif.   More to come.


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Steve - as you will see from below, Mac's weekly report contained below lists
all that he is working on or leading.  Consistent with Terry's point at the
PRC, has has duties that go way beyond government and regulatory affairs
(indeed, when you read through it, I am not sure how he even has time for all
of it).  This is not a complaint, just verification of Terry's point, but
does also suggest that we should think about if his PRC/review is
appropriately within our group or not (what about the group you did the day
before, property services, for example, given his seemingly do-it-all "office
manager" role?).  mcs
---------------------- Forwarded by Mark Schroeder/LON/ECT on 26/06/2000
14:19 ---------------------------
From: Mac McClelland@ENRON_DEVELOPMENT on 26/06/2000 13:07
To: Mark Schroeder@ECT
cc:

Subject: Re: Weekly report

Mark:

This is what I'm working on.  I'm just developing this spreadsheet so its not
complete, but represents the big things right now.

What's not included is Dolphin, Gaza IPP, and Oman Gas Distribution.  I'll
include those in future editions.  Thanks.  Mac
---------------------- Forwarded by Mac McClelland/ENRON_DEVELOPMENT on
06/26/2000 04:07 PM ---------------------------

Mark Schroeder@ECT
06/26/2000 04:32 AM
To: Mac McClelland/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc:

Subject: Re: Weekly report

Maybe a dumb question, but are these all items you are working on, or is this
the whole office''s report?  thanks  mcs

To: Rick Bergsieker/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Janie
Bonnard/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Mark Schroeder@ECT, Mark
Palmer@ENRON, Dennis Vegas/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc:

Subject: Weekly report


Plse  have fax delivered home.

Today is the day.  I have been a mom for 21 years.  Can't be true.

Still on conference call.  Ben has been very nice.

From: Suzanne Adams@ECT on 06/07/2001 02:46 PM
To: Kay Mann/Corp/Enron@ENRON
cc:

Subject: Re: David Marshall

Is today Paige's birthday or tomorrow.  Of course if it was great news, then
it could be a celebratory drink.  I told Ric I may come by for a drink, but I
didn't know yet.  I think I'll call and get exact directions.

Do you need this fax I got from King and Spalding with comments on Midway?

	Kay Mann@ENRON
	06/07/2001 02:43 PM

		 To: Suzanne Adams/HOU/ECT@ECT
		 cc:
		 Subject: Re: David Marshall

No news today.  I don't want to know today, as I'm drinking champagne and
ignoring the issue,


When is graduation?  And, of course I will show up.  Although, if I recall,
you didn't show up for mine!
You can send the announcement to 2512 Milam St. #5216, 77006.
I haven't heard of the advertising firm.  What kind of projects do they work
on?   I am going to Earth Day. Are you?  Are you bringing Rebecca again this
year?
We will probably go out to Kenneally's, Griff's or Birraporetti's for St.
Patty's day.  What about you?

e

Danielle Samson <DanielleS@JonesGranger.com> on 03/15/2000 06:02:28 AM
To: "'Eric Bass'" <Eric.Bass@enron.com>
cc:
Subject: RE: Hi there!

The fam is doing well.  Dad has been travelling for work and the rest of the
fam, just relaxing I guess.  This is spring break for the girls, so they
haven't been doing too much!  So, where do I send my graduation
announcement?  Do you think you will be able to show up?  Or are you too
busy?  I'm sending my resume to an advertising firm in town, today, Daily
Communications, have you ever heard of them?  Are you still thinking about
going to earth day?  What about st. Patricks day, are you doing anything?
-d

  -----Original Message-----
  From: Eric Bass [mailto:Eric.Bass@enron.com]
  Sent: Wednesday, March 15, 2000 11:58 AM
  To: Danielle Samson
  Subject: Re: Hi there!

  Things are going well here.  I have been pretty busy losing
lots of money at
  work.
  Brian and Hector are going to Europe at the end of the
month, but I can't go
  because of work.  It doesn't bother me that much though.   I
will probably try
  to take a trip over there in May.  On top of that I am
thinking about a cruise
  this summer some time.
  Brian and I are actually moving this weekend to a new
apartment within the Park
  at Midtown.  Brian recently got his bike stolen from the
balcony, so we are
  going to move to an interior apartment.  Of course, I
wouldn't expect you to
  relate to any of this because you have never seen my
apartment.  Oh well, I
  guess you have your priorities.

  Other than that, not a whole lot going on.  How are things
with you and the fam?

  e

  Danielle Samson <DanielleS@JonesGranger.com> on 03/15/2000
05:24:32 AM

  To:   Eric Bass/HOU/ECT@ECT
  cc:
  Subject:  Hi there!

  Hey Ner,
  Just wanted to write you a quick note and say hi.  I hope
everything is
  going o.k.  I haven't heard from you in a while.  How's the
fam?  Any trips
  planned for you yet?  Have you found out anymore about the
Europe trip?  How
  is work going?  And the apartment?  Are you still getting
along with Brian?
  Hope all is going well.

  -Dee


Dan -

FYI.

Bruce

---------------------- Forwarded by Bruce Lundstrom/ENRON_DEVELOPMENT on
02/11/2001 09:32 AM ---------------------------

Robert Mathis
02/11/2001 05:54 AM
To: Bruce Lundstrom/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Sandeep
Katwala/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Paul
Kraske/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Gail
Brownfeld/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc:

Subject: Oman LNG meeting

The meeting with the Oman LNG delegation went well on Saturday, February 10,
2001. The meeting was attended by delegates from the Oman Ministry and Oman
LNG, who were:

1.  Talal Al Aufy - Marketing Director, Ministry Oil & Gas, Oman,
2.  T. V. Suresh - Advisor, Ministry of National Economy, Oman,
3.  Harib Al Kitani - Head of Marketing, OLNG,
4.  Ms. Susan Farmer - Lawyer for OLNG (from Denton Wide Sapte in London),

and Enron representatives: Jim Hughes, Wade Cline, Neil McGregor, Mohan
Gurunath, Paul Kraske, Mukesh Tyagi, Rick Bergsieker (Global LNG team) and
myself.

Mohan Gurunath made the presentation, which contained the same information
that we have shared with the lenders. The delegation asked questions, and the
Enron representatives, mostly Jim and Wade, shared their views on the issues
facing DPC. Generally, the discussion included a description of the makeup
and expectations of the expert committee, and the need for the central
government's involvement in resolving some of the problems related to the
demand-supply of power, cost of power, transmission and distribution losses,
power trading and sale to third parties. The discussion included a
description of the security package. DPC noted that the outcome of
discussions with the expert committee, state and central governments, and
MSEB may require the PPA to be adjusted and the equity sponsors to realise
less of a return on their capital.

The parties did not discuss any specifics as to how or what will be the
impact on the Oman LNG supply contract as a result of the discussions and
resolution of issues between MSEB/DPC. Certainly no concessions for relief of
the LNG supply contract obligations were offered by the Oman team (and none
were or are expected). Clearly, the point made by DPC to the Oman team was
that it was too early to discuss specifics, but that DPC would need to
revisit the matter with the Oman team as and when developments occurred and
events became clearer in the future. The Oman team asked what help they could
be to DPC in the Oman team's discussion with the central government.  DPC
asked the Oman team to emphasize that the Oman government has made
significant investments in Oman for the supply of gas to the DPC project, and
that Oman urged and expected that the contracts between the various parties
and DPC will be enforced and observed, and that the failure to enforce the
contracts would be observed by Oman, and also by other countries and
businesses in the world.

The Oman team inquired about the status of the MetGas project and, generally
about the gas market in India. DPC explained that MetGas is being put on hold
until such time that the DPC controversy is settled. The Oman team
understands that the MetGas business is being preserved, and that Enron will
determine its MetGas investment strategy after discussions regarding DPC are
finalised with MSEB and the state and central governments. The discussion
included speculation on what various people thought may happen with other LNG
terminal projects in India, and the possible related business connection or
competition with the DPC terminal. Most people concurred that the DPC
terminal could be used for serving a backbone gas pipeline business in India,
that open access/carrier should be encouraged, and that it is possible though
not likely that the another LNG terminal will materialise on the West Coast
of India. The Oman team expressed that they are hearing that an LNG terminal
in the state of Gujurat is still being pursued by Petronet with the support
from the state owned gas pipeline company (GSPL).

Robert


206,500,000. I'll send you a $10 check.