Please mark the boxes with an "x" and then fill out any comments on the
individuals skills as to what you liked or disliked about their performance
in the particular areas.

---------------------- Forwarded by Greg Blue/HOU/Dynegy on 01/02/2001
08:12 PM ---------------------------

Greg Blue
01/02/2001 05:22 PM

To:   "'William Hall'" <wfhall2@duke-energy.com>, "'Ward Scobee'"
      <wscobee@caithnessenergy.com>, "'Tony Wetzel'"
      <twetzel@thermoecotek.com>, "'Tom Heller'" <hellertj@apci.com>, "'Ted
      Cortopassi'" <TCortopassi@ogden-energy.com>, "'Sue Mara'"
      <smara@ect.enron.com>, "'Steve Ponder'" <steve_ponder@fpl.com>,
      "'Steve Iliff'" <siliff@riobravo-gm.com>, "'Ross Ain'"
      <ain@worldnet.att.net>, "'Roger Pelote'" <roger.pelote@williams.com>,
      "'Robert Frees'" <freesrj@apci.com>, "'Rob Lamkin'"
      <rllamkin@seiworldwide.com>, "'Pete Levitt'" <Pete@calwind.com>,
      "'Paula Soos'" <paula_soos@ogden-energy.com>, "'Nam Nguyen'"
      <nam.nguyen@powersrc.com>, "'Milton Schultz'" <bfpjv@c-zone.net>,
      "'Marty McFadden'" <marty_mcfadden@ogden-energy.com>, "'Kent
      Palmerton'" <kent.palmerton@williams.com>, "'Ken Hoffman'"
      <khoffman@caithnessenergy.com>, "'Jonathan Weisgall'"
      <jweisgall@aol.com>, "'Joe Ronan'" <joer@calpine.com>, "'Joe Greco'"
      <joe.greco@uaecorp.com>, "'Jeff Dasovich'" <jdasovic@enron.com>,
      "'Jack Pigott'" <jackp@calpine.com>, "'Hap Boyd'"
      <hap.boyd@enron.com>, "'Greg Blue'" <gtbl@dynegy.com>, "'Eric
      Eisenman'" <eric.eisenman@neg.pge.com>, "'Ed Tomeo'"
      <ed.tomeo@uaecorp.com>, "'Ed Maddox'" <emaddox@seawestwindpower.com>,
      "'Duane Nelsen'" <dnelsen@gwfpower.com>, "'Doug Levitt'"
      <SDL@calwind.com>, "'Dean Gosselin'" <dean_gosselin@fpl.com>, "'Curt
      Hatton'" <curt.hatton@gen.pge.com>, "'Cody Carter'"
      <cody.carter@williams.com>, "'Carolyn Baker'"
      <cabaker@duke-energy.com>, "'Bob Escalante'"
      <rescalante@riobravo-gm.com>, "'Bill Woods'" <billw@calpine.com>,
      "'Bill Carlson'" <wcarlson@wm.com>, "'Doug Fernley'"
      <fernley.doug@epenergy.com>
cc:

Subject:  IEP Personnel Surveys

In order to assist the IEP Executive Committee in developing a
recommendation to the Board regarding bonuses and merit increases please
fill out the following survey and return it to me ASAP.  Deadline is close
of business Monday Jan. 8th.  The Executive Committee will then present a
recomendation to the Board at the Conference Call Board meeting that is
scheduled for Wed Jan 10th at 1:00 pm PST

Please fill out the first for Jan, the second one for Steven, and the third
one for Katie.

---------------------- Forwarded by Greg Blue/HOU/Dynegy on 01/02/2001
05:05 PM ---------------------------

Suzy L Rodriguez on 01/02/2001 05:03:34 PM

To:   Gregory T Blue/NGCCorp@NGCCorp
cc:

Subject:  Surveys

Here ya go...

(See attached file: Executive Director Eval..doc)(See attached file: Policy
Director Eval..doc)(See attached file: Policy Manager Eval..doc)

 - Executive Director Eval..doc
 - Policy Director Eval..doc
 - Policy Manager Eval..doc


Looks like Tom forgot this deal on Friday - I've just entered it. Deal # is
514006. One thing I didn't check on was whether it was off-peak or on-peak.
Does this deal check out with APB? Let me know.

Thanks,
kate

Kerri Thompson@ENRON
02/05/2001 07:37 AM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: Re: apb checkout

have you found out anything on this trade?

thanks

Kerri Thompson
02/02/2001 04:48 PM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: Re: apb checkout

she says tom, i guess we can wait until monday.....

   Kate Symes @ ECT                02/02/2001 04:38 PM

To: Kerri Thompson/Corp/Enron@ENRON
cc:

Subject: Re: apb checkout

I don't see any deals with any of these terms in Tom's trade log for today.
He's left the office, and I've left him a message on his cell phone - but
until then, I can't really say if this is good or not. Could it be a Mark
Fischer deal?

Kate

Kerri Thompson@ENRON
02/02/2001 02:26 PM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: apb checkout

missing deal for tom

buy bp energy
25 mw
217.50
march
palo verde

thanks


OMNIPATH Registration (created by alpwebsrv33b@TOPS.PACIFICORP.COM on
4/26/99)


Start Date: 1/17/02; HourAhead hour: 6;  HourAhead schedule download failed. Manual intervention required.


Please set up a call w/ me and Gary Grote(McConville's atty) for  early next
week


Arvind,

Please view Jay as your contact with Enron.

Andy Zipper


Kay,

Attached for your review is a preliminary draft of Purchase Agreement
between Enron North America, Inc. and TECO Power Services Corporation
relating to the membership interests in Midway Development Company, LLC.
Please contact John Keffer or me with your comments when you have a moment.

By the way, it's great to be back at K&S, and I look forward to working with
you again.

Regards,

William R. Parish, Jr.

King & Spalding

1100 Louisiana, Suite 3300

Houston, Texas 77002

Tel: 713/276-7413

Fax: 713/276-7440

E-mail: bparish@kslaw.com <mailto:bparish@kslaw.com>

                    Confidentiality Notice
This message is being sent by or on behalf of a lawyer.  It is intended
exclusively for the individual or entity to which it is addressed.  This
communication may contain information that is proprietary, privileged or
confidential or otherwise legally exempt from disclosure.  If you are not the
named addressee, you are not authorized to read, print, retain, copy or
disseminate this message or any part of it.  If you have received this
message in error, please notify the sender immediately by e-mail and delete
all copies of the message.

 - 335v01!.DOC


Please print the clean version below.  My computer won't let  me print - I
tried two different printers.
---------------------- Forwarded by Kay Mann/Corp/Enron on 03/08/2001 10:23
AM ---------------------------

"Reuter, Marisa" <MReuter@KSLAW.com> on 03/08/2001 09:46:35 AM
To: "'kay.mann@enron.com'" <kay.mann@enron.com>
cc: "Keffer, John" <JKeffer@KSLAW.com>, "Campbell, Carolyn"
<CCampbell@KSLAW.com>, "'carlos.sole@enron.com'" <carlos.sole@enron.com>

Subject: ENA/Blue Dog: First Amended and Restated LLC Agreement

Kay:

Attached please find an initial draft of the First Amended and Restated
Limited Liability Company Agreement for Project Blue Dog.  I am also
including a marked copy of the same that illustrates all of the
modifications that I made to the Delta form that you e-mailed to me
yesterday.

Two questions came to mind as I was preparing the draft.  First, if, as
stated in Section 2(b) of the Letter Agreement, the Turbine Contract is
between LLC and GE, why does the ENA have to cause the LLC to acquire such
rights?  No immediate answer jumped out at me upon reviewing the Turbine
Contract.  Second, I wasn't sure if the year in Sections 6.2(a) and (c)
needed to be 2001 or 2002.  Please let me know.

Regards,

Marisa

 <<2xn402!.DOC>>  <<2XN4RED.DOC>>

                    Confidentiality Notice
This message is being sent by or on behalf of a lawyer.  It is intended
exclusively for the individual or entity to which it is addressed.  This
communication may contain information that is proprietary, privileged or
confidential or otherwise legally exempt from disclosure.  If you are not the
named addressee, you are not authorized to read, print, retain, copy or
disseminate this message or any part of it.  If you have received this
message in error, please notify the sender immediately by e-mail and delete
all copies of the message.

 - 2xn402!.DOC
 - 2XN4RED.DOC


David:
Mark and I were reviewing the Eligible Swap Participant rules and the
following issue came up:

If our counterparty is a limited partnership but our credit group is relying
on the credit of the GP, do the rules require a written guaranty from the GP
or is it enough to rely on the fact that under law the GP is jointly and
severally liable for the LP's obligations?  One of our counterparties is a
limited partnership whose GP is a utility and their counsel has advised us
that for regulatory reasons, the GP cannot enter into a Guaranty.  I look
forward to hearing from you.
Carol


Please add these dates and times to your calendars.....
Wed. Dec. 6th 49c4                             Noon - 2:00
Thurs. Dec. 7th 50 M Dining Room         11:30 - 1:30
Fri. Dec. 8th 50 Floor Board Room     11:30 - 1:30

Carolyn and Dwight Dawson of the Teamleadership Center are hosting 3 Team
Building sessions for everyone in Information & Records Management.  Lunch
will be provided each day.

The surveys we handed out to some of you are for those who missed our first
session with Dwight earlier this year.   Please have them back to me Friday
morning.   Thanks everyone!

Sandy x3-6766
PS - please pass the word to anyone not working on a PC ---Thanks


Attached is the legal risk memo related to Enron Net Work's equity investment
in, and price posting agreement with, HoustonStreet Exchange.   Please call
me with any comments or questions.

Travis McCullough
Enron North America Corp.
1400 Smith Street EB 3817
Houston Texas 77002
Phone:  (713) 853-1575
Fax: (713) 646-3490


To:       MTCorboy@aol.com, sjmcn39@aol.com, sskierski@pennoni.com,
          shadowmask@axs2000.net, jack.a.tsikitas@lmco.com,
          kevin_mcnichol@vanguard.com, cmc5cent@aol.com,
          snyderpatrick@hotmail.com, dcrowe@mti.com, slt3363@hotmail.com,
          Christopher Choby/P I/Arlington VA/C&L/US@Americas-US,
          adkiernan@aol.com, dmcnichol@christini.com, kaiser@astro.temple.edu,
          JMMMJPM@aol.com, JMcCaffrey@batesww.com, Clytle12@aol.com,
          PKontra@SummerwoodLP.com, klinebo@hotmail.com, mid228@aol.com,
          reitercs@hotmail.com, davidjohnson74@yahoo.com, cgstowe@aol.com,
          csmith@garmark.com, klappdog@aol.com, ltrain61@yahoo.com,
          mshields75@yahoo.com, gbrougher@laketahoe.harrahs.com,
          brianpcurran@yahoo.com, vancyt@yahoo.com
cc:
From:     Joe McNichol <joemc5cent@hotmail.com>
Date:     10/26/2000 01:40:36 PM
Subject:  Fwd: Something good to know................

>From: Amy_Pittman@timeinc.com
>To: treeswithteeth@yahoo.com, august_west62@hotmail.com,
>chris_marson@abacon.com, dmanfredonia@sibson.com, drewn2o@hotmail.com,
>EMcDonou@odwalla.com, joemc5cent@hotmail.com, marsbone@hotmail.com,
>megallagher26@hotmail.com, mikesh2@hotmail.com, monaghanm@hotmail.com,
>wjhogan@hotmail.com
>Subject: Something good to know................
>Date: Thu, 26 Oct 2000 11:47:07 -0400
>
>
>--------------- cc:Mail Forwarded ---------------
>From:     Yolanda Shaw AT NYTMPUB1
>Date:     10/26/2000 09:30 AM
>To:       Xavier McKay AT NYPBMMD1
>To:       Shante Harris AT NYPBMMD1
>To:       Danielle Roberts AT NYPBMMD1
>To:       Naomi Smigel AT NYPBMMD1
>To:       Kathy McLoughlin AT NYPBMMD1
>To:       Amy Pittman AT NYTMPRD1
>To:       Chris Speranza AT NYTMPRD1
>To:       Rachael Shaw AT TINYSTY1
>To:       alleycatmurphy@aol.com AT INTERNET
>To:       andrew@xeyemedia.com AT INTERNET
>To:       bmoreno@wcom.net AT INTERNET
>To:       cainej@symbol.com AT INTERNET
>To:       chip@823productions.com AT INTERNET
>To:       christine.cook@csfb.com AT INTERNET
>To:       christy.ufferfilge@iqpc.com AT INTERNET
>To:       d.greto@worldnet.att.net AT INTERNET
>To:       dbarbosa@tommy-usa.com AT INTERNET
>To:       deirdreglynn@skills.com AT INTERNET
>To:       Irish1434@aol.com AT INTERNET
>To:       jdemarle@danfords.com AT INTERNET
>To:       jjarb@worldnet.att.net AT INTERNET
>To:       jpanc@yahoo.com AT INTERNET
>To:       Kim.Mancuso@nbc.com AT INTERNET
>To:       lgaron@email.usps.gov AT INTERNET
>To:       LIGONZALEZ@SANKYO-USA.COM AT INTERNET
>To:       LINDA_M_JACKSON@uhc.COM AT INTERNET
>To:       magdas@ibm.net AT INTERNET
>To:       mbinsol@nycedc.com AT INTERNET
>To:       mdenby@sunapparel.com AT INTERNET
>To:       michelle.bracher@fmr.com AT INTERNET
>To:       mike_murphy@bhimpact.com AT INTERNET
>To:       mindies@ibm.net AT INTERNET
>To:       mis4ol@aol.com AT INTERNET
>To:       mresendes@pfn.com AT INTERNET
>To:       oigho@aol.com AT INTERNET
>To:       ruckusmd@hotmail.com AT INTERNET
>To:       sachita@bellsouth.net AT INTERNET
>To:       sfranci1@HCSUS.JNJ.com AT INTERNET
>To:       sherzner@perriergroup.com AT INTERNET
>To:       streimje@mattel.com AT INTERNET
>To:       suemart@aol.com AT INTERNET
>To:       sumart1@aol.com AT INTERNET
>To:       tgosse@ikon.com AT INTERNET
>To:       vivianl@screamingmedia.com AT INTERNET
>To:       vocalnote@hotmail.com AT INTERNET
>To:       vshpigler@thestreet.com AT INTERNET
>To:       wforrester@polojeans.com AT INTERNET
>Subject:  Something good to know................
>--------------- cc:Mail Forwarded ---------------
>From:     "Kristen Collar" <krcollar@hotmail.com> AT TIME_INC
>Date:     10/25/2000 10:44 AM
>To:       starrgazing@peoplepc.com AT TIME_INC
>To:       CLewis1020@aol.com AT TIME_INC
>To:       bigdaddyjta@yahoo.com AT TIME_INC
>To:       katydidit76@hotmail.com AT TIME_INC
>To:       tammybncali@onebox.com AT TIME_INC
>To:       Yolanda_Shaw@timeinc.com AT TIME_INC
>To:       JBilancini@tburg.k12.ny.us AT TIME_INC
>To:       dfox2@twcny.rr.com AT TIME_INC
>To:       rmiles@gpd.fulton.ny.us AT TIME_INC
>To:       jeterchick@hotmail.com AT TIME_INC
>To:       dcoolar@twcny.rr.com AT TIME_INC
>To:       Kmgalb73@aol.com AT TIME_INC
>To:       She3099@juno.com AT TIME_INC
>To:       Weavmann644@cs.com AT TIME_INC
>To:       emitch13@gwis2.circ.gwu.edu AT TIME_INC
>To:       GCOLLAR@HOTMAIL.COM AT TIME_INC
>To:       mindies@attglobal.net AT TIME_INC
>To:       therick12078@yahoo.com AT TIME_INC
>To:       sarahf18@hotmail.com AT TIME_INC
>To:       SCOLLAR@groton.cnyric.org AT TIME_INC
>Subject:  Fwd: This was very interesting................
>
>
>I usually don't send out this crap, but I've had enough run-ins with
>traffic court, so I'll try anything.
>
>______________________________ Forward Header
>__________________________________
>Subject: Something good to know................
>Author:  Yolanda Shaw at NYTMPUB1
>Date:    10/26/00 9:30 AM
>
>
>
>
>
>
> >check this out:
> >
> >
> >                               If You Get A Traffic Ticket
> >
> >        Just thought I would share this with you, as you know I work in
> >the ticket enforcement division and in the course of my investigation
>into
> >"fines, their payment methods, and how points are assessed against
> >drivers licenses" we discovered something very interesting. So if you
>ever
> >get
> >in the following situation, you have an out.   We discovered that this
> >procedure
> >works in every state. Read it and try it, you have nothing to lose but
>the
> >points on your license.
> >
> >                                     This is how it works:
> >     If you get a speeding ticket or went through a red light or whatever
> >the case may be, and you are going to get points on your license, then
> >there is a method to ensure that you DO NOT get any points.
> >When you get your fine, send in the check to pay for it and if the
> >fine is say, $79, then make the check out for $82 or some small amount
> >over the  fine. The system will then have to send you back a check for
>the
> >difference,  but here is the trick!
> >
> >                          ***DO NOT CASH THE REFUND CHECK!!!***
> >      Throw it away!!  Points are not assessed to your license until all
> >financial  transactions are complete. If you do not cash the check, then
> >the transactions are NOT complete. However, the system has gotten its
> >money and is happy and will not bother you any more.
> >
> >This information came to our attention from a very reliable
> >computer company that sets up the standard database used by each states'
> >DMV.
> >Good luck and share this with all your friends and other family
> >members, as  well!!!
>
>
>
>

_________________________________________________________________________
Get Your Private, Free E-mail from MSN Hotmail at http://www.hotmail.com.

Share information about yourself, create your own public profile at
http://profiles.msn.com.

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


After the 4th should work.

Chris Germany@ECT
06/30/2000 07:40 AM
To: John M Singer/Corp/Enron@ENRON
cc: hboyd@columbiaenergygroup.com

Subject: Re: EOG for July, Peoples

I have not discussed August forward with anyone yet.  I would like to discuss
our options on handling the pool with Heidi, hopefully after the July 4th
holiday.

I hope you guys have a happy 4th if I don't talk to you before.

	From:  John M Singer @ ENRON                           06/30/2000 06:45 AM

To: Chris Germany/HOU/ECT@ECT
cc: hboyd@columbiaenergygroup.com@ECT
Subject: Re: EOG for July, Peoples

Since we have meters (Phillips Production meters) in the pool, if PNG will
allow, it may be best to transfer the pool to ENA's name.  If the CES pool
has to be closed, Phillips Production will have to sign documents to move
meters from pool to pool.  I'm not sure what the lead time is to move meters.

If you are going to nom 430 Dth/Day, Heidi needs to nom Phillips Production @
9,058 Mcf/Month (9,058 * 1.03 = 9,330 dth) plus Power Gas 4,000 Dth/month.

Is Clinton going to take the PNG throug the end of the contracts?  Power Gas
expires 10/31, Phillips expires 11/30.

Chris Germany@ECT
06/29/2000 02:57 PM
To: John M Singer/Corp/Enron@ENRON
cc: hboyd@columbiaenergygroup.com, Marde L Driscoll/HOU/EES@EES

Subject: EOG for July, Peoples

ENA is selling the Power Gas Marketing pool gas behind East Ohio
(10,000/month)  to EES for the month of July.  EES has the ability to take
this gas for the term of the deal (through Oct 2000).  I told Marde we would
talk about that after the 4th.  EES will nominate this gas directly from
Power's pool, so Heidi does not need to be involved at all.   Heidi, it looks
like this pool can be terminated.

Peoples, for July ENA is selling 430/day to Clinton Energy (Latrobe).  Heidi
is working on that.  Heidi also informed me yesterday that CES was
terminating the Peoples pool effective 8/1/2000.  I suggested that we may
need to transfer the pool to ENA, because there will still be activity in
August due to the Latrobe fuel credit.  However, we may be able to transfer
any balances to EES effectve 8/1/2000.  Hopefully, we can talk about this
after the 4th.

Let me know if anyone has any questions.


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 01/05/2001
03:08 PM ---------------------------

Sandeep Kohli@ENRON_DEVELOPMENT
01/05/2001 02:28 AM
To: Vince J Kaminski@ECT, Stinson Gibner@ECT
cc:
Subject:

Vince/Stinson,

Please find the two attachments that give a more detailed calculation, as
well as the revised statement that can be made to press.

The numbers are not small, but really do not reflect the true magnitude of
the genset issue.  They do not take into account the capital costs of the
gensets, and also do not focus on the many smaller units that are operating
in homes, and commercial establishments.

Hope ths helps.

Regards,
Sandeep.


Enron CFO's Partnership Had Millions in Profit
The Wall Street Journal, 10/19/01
Enron CFO Profited From Partnerships With Company, WSJ Reports
Bloomberg, 10/19/01

The New Power Company Revises Its Netting Agreement With Enron; Provides For Receivables and Inventory Financing
Business Wire, 10/19/01

The Five Dumbest Things on Wall Street This Week
TheStreet.com, 10/19/01

K Street's Top 10: The Shifting Lineup
National Journal, 10/20/01
Houston entrepreneurs added to Texas Business Hall of Fame
Houston Chronicle, 10/20/01
Recession, Budget Cuts, Travel Fears To Subdue LME Week
Dow Jones Commodities Service, 10/19/01
HC to hear DPC's plea
The Times of India, 10/19/01

Enron CFO's Partnership Had Millions in Profit
By Rebecca Smith and John R. Emshwiller
Staff Reporters of The Wall Street Journal

10/19/2001
The Wall Street Journal
C1
(Copyright (c) 2001, Dow Jones & Company, Inc.)

A limited partnership organized by Enron Corp.'s chief financial officer, Andrew S. Fastow, realized millions of dollars in profits in transactions it did with Enron, according to an internal partnership document.
The partnership, in some instances, benefited from renegotiating the terms of existing deals with the Houston energy company in ways that improved the partnership's financial positions or reduced its risk of losses.
Mr. Fastow, and possibly a handful of partnership associates, realized more than $7 million last year in management fees and about $4 million in capital increases on an investment of nearly $3 million in the partnership, which was set up in December 1999 principally to do business with Enron.
The profits from the deals were disclosed in a financial report to investors in the partnership, LJM2 Co-Investment LP, that was signed by Mr. Fastow as the general partner and dated April 30. In one case, the report indicates the partnership was able to improve profits by terminating a transaction early.
The LJM2 arrangement has become controversial for Enron, as shareholders and analysts have raised questions about whether it posed a conflict by putting the company's chief financial officer, who has a fiduciary duty to Enron shareholders, in a position of reaping financial rewards for representing LJM2 investors in business deals with Enron. Investors in LJM2 include Wachovia Corp., General Electric Co.'s General Electric Capital Corp. and Credit Suisse Group's Credit Suisse First Boston.
Attention has focused on Mr. Fastow's partnership activities at a tumultuous time for Enron, which over the past decade grew enormously by becoming the nation's biggest energy-trading company.
This year, though, it has been hit by a string of troubles, from soured business initiatives to executive departures. On Tuesday, Enron announced a $618 million third-quarter loss, because of a $1.01 billion write-off on investments in broadband telecommunications, retail energy services and Azurix Corp., a water company. A small chunk of that write-off, about $35 million, was attributed to ending certain LJM2-related transactions. That termination also produced a $1.2 billion reduction in Enron shareholder equity as the company decided to repurchase 55 million shares that had been part of LJM2 deals.
At 4 p.m. in New York Stock Exchange composite trading, Enron was down 9.9%, or $3.20, to $29 a share. Within the past year, the stock had topped $80 a share.
Enron officials didn't have any comment about the LJM2 partnership document. Enron has consistently said its dealings with LJM2 have been proper. They said the LJM2 deals, like ones done with other parties, were aimed at helping hedge against fluctuating market values of its assets and adding sources of capital.
Mr. Fastow has declined several requests for an interview about LJM2. In late July, he formally severed his ties with LJM2, as a result of what Enron officials said was growing unease by Wall Street analysts and major shareholders. Mr. Fastow has been finance chief of Enron since 1997 and has been with the firm 11 years, which included extensive work setting up and managing company investments.
Michael Kopper, a former Enron executive who an Enron spokesman said is now helping to operate LJM2, declined to comment. He also wouldn't describe his relation to LJM2.
In his April 30 report, Mr. Fastow said the partnership, which raised $394 million, had invested in several Enron-related deals involving power plants and other assets as well as company stock. The document said LJM2 sought a 29% internal rate of return. That was down from a 48% targeted rate of return at the end of 2000, which the document said was due in part to a decline in the value of LJM2's investment in New Power Co., an Enron-related energy retailer. In some transactions, LJM2 did much better than the 29% target, though this sometimes involved renegotiating individual deals.
In September 2000, the partnership invested $30 million in "Raptor III," which involved writing put options committing LJM2 to buy Enron stock at a set price for six months. Four months into this deal, LJM2 approached Enron to settle the investment early, "causing LJM2 to receive its $30 million capital invested plus $10.5 million in profit," the report said. The renegotiation was before a decline in Enron's stock price, which could have forced LJM2 to buy Enron shares at a loss of as much as $8 each, the document indicated.

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

Enron CFO Profited From Partnerships With Company, WSJ Reports
2001-10-19 01:00 (New York)

     Houston, Oct. 18 (Bloomberg) -- Enron Corp.'s Chief Financial
Officer Andrew Fastow realized profits through a limited
partnership that did business with Enron, the Wall Street Journal
reported, citing an internal partnership document.

     LJM2 Co-Investment LP, of which Fastow is a general partner,
made millions of dollars on transactions with Enron, the paper
said. Fastow and possibly a handful of partnership associates made
$7 million last year in management fees and about $4 million in
capital increases on an investment of about $3 million in the
partnership, the paper said.

     Enron shareholder Fred Greenberg filed a lawsuit yesterday,
alleging that Enron's board cost the company at least $35 million
by allowing Fastow to manage partnerships that bought Enron
assets. Enron reported $1.01 billion in third-quarter losses from
failed investments.

The Five Dumbest Things on Wall Street This Week
By K.C. Swanson <mailto:kcswanson@thestreet.com>
Staff Reporter
TheStreet.com
10/19/2001 06:59 AM EDT
URL: <http://www.thestreet.com/markets/dumbest/10002661.html>

1. Bayer Fighting the Bears?
One beneficiary of the anthrax scare has been Bayer AG (BAYZY:OTC BB ADR - news - commentary) , the German chemical maker, which has seen its share price gain 10.4% since the terrorist attacks. But investors bidding up the stock might be getting ahead of themselves.
Bayer makes Cipro, a leading treatment for anthrax. But while the demand for Cipro is high, sales from the drug are only a small portion of the company's overall revenue, which totaled 30.9 billion euros last year (and, according to analysts, will increase even more this year, due to its acquisition of Aventis CropScience, a crop protection and production company). To put the demand for Cipro in context, J.P. Morgan expects U.S. sales of the drug to be approximately 1.2 billion euros for 2001.
Even emergency purchases of Cipro probably won't add that much to Bayer's overall revenues. The president has asked for $643 million for antibiotics to combat bioterrorist attacks. While it's possible that sum will be increased, not all the money would be spent on Cipro.
Besides, it's not even clear that Bayer will remain the only producer of Cipro. Though the company holds the patent for the drug, there's some pressure in Congress for the government to purchase a generic version from other manufacturers.
On another front, Bayer is currently battling a class-action lawsuit related to an anti-cholesterol drug implicated in a number of deaths. It was forced to withdraw the drug from the market.
Bayer may offer protection against anthrax, but that doesn't mean it's a refuge for investors.
2. Losses at Twice the Price
You know things are bad for a company when its losses per share are double the price of the shares themselves. That's the case for i2 Technologies (ITWO:Nasdaq - news - commentary) , the supply-chain software maker. After market close on Tuesday, the company posted losses under generally accepted accounting principles that amounted to $5.5 billion, or $13.25 per share, for the latest quarter, including all charges.
In other words, i2's losses were more than twice the value of its share price, which closed at $5.69 before the announcement.
Much of the huge writedown reflects amortized goodwill from the purchase of Aspect Development in March 2000.
To be fair, investors in companies that have made big acquisitions like i2 typically focus on pro forma earnings, which exclude charges and extraordinary items. By that measure, i2's losses didn't look quite so bad: The company met analysts' consensus expectations with a loss of $55.3 million, or 13 cents per share.
Still, investors met i2's earnings with disapproval, knocking the stock down 25% the day after they were reported.
3. Microsoft's Bag of Tricks
In times like these, there's comfort in knowing business goes on as usual at many U.S. companies. Just like the old days, Microsoft (MSFT:Nasdaq - news - commentary) is in the hot seat for its sharklike behavior toward a competitor.
It stands accused of sending 3,000 fake cereal boxes emblazoned with the words "Microsoft Server Crunch" to customers of rival server software maker Novell. The boxes, according to Novell, contained "a number of false and misleading statements" intended as putdowns of Novell products.
Among the attempted insults were some not-so-clever plays on packaged food. For example, in a reference to Novell's flagship software product, a line on the Microsoft boxes read: "What's the expiration date on that NetWare platform?" (A round of applause, please, for those gut-splittingly funny engineers.)
The boxes also said Novell is shifting its focus from software to consulting services, which Novell says isn't true.
Microsoft spokesman Jim Desler said the cereal boxes were primarily intended to advertise Microsoft services, not to slight Novell. "It was all in the theme of a mock cereal box," he said. "It was a modest campaign."
In response to Novell's complaints, he says Microsoft sent out a letter in September to recipients of the boxes to clarify some of its statements, and it's just agreed to send another letter to appease the company. For the record, Novell said it's not calling off its lawsuit for unspecified money damages.
4. AMD's Feisty Pledge
CEOs don't get their jobs by being eloquent, and it probably would be too much to expect them to sound statesmanlike. But sometimes their oratorical rough edges cross the line into embarrassing.
Case in point: Comments from Jerry Sanders, the CEO of Advanced Micro Devices (AMD:NYSE - news - commentary) , which earlier this week reported a loss for the first time in almost three years. The company, facing harsh pricing competition from Intel (INTC:Nasdaq - news - commentary) , said its revenue was down 22% from a year ago and it expects a likely operating loss for the fourth quarter.
Given recent declines in consumer confidence, the downturn is likely to be extended by several quarters, Sanders admitted. But in a conference call, he indulged in some spirited fist-shaking. Citing the company's so-called "Hammer" architecture for processors, Sanders declared, "We feel that when the upturn comes, we're going to kick ---."
Does this guy carry around a surfboard in his car or what? Mr. Sanders, meet Mr. Reeves.
OK, so we actually kind of admire Sanders' never-capitulate spirit. But his comment seems a little redundant, because just about everybody will look better when the economy turns around. Because that may not be anytime soon, what matters is how companies weather the interim -- feisty pledges notwithstanding.
5. Enron's Rabbit-From-a-Hat Style
Analysts have complained for some time about Enron's (ENE:NYSE - news - commentary) rabbit-from-a-hat style accounting, with which the company produced results that wowed investors without making it quite clear where they came from. Now that its business has taken a sour turn, that tendency has gotten even more unsettling.
To cap off its disappointing earnings results this week -- Enron posted a steep loss after taking a $1.01 billion charge -- the company let drop that its shareholder equity had decreased by $1.2 billion.
In a conference call, CEO Kenneth Lay attributed the reduction in equity to the "removal of an obligation to issue a number of shares." According to a report in The Wall Street Journal, Enron repurchased 55 million shares issued through a series of transactions involving LJM Capital, a partnership that until recently was headed up by Enron's CFO.
TSC's Peter Eavis has written that it appears Enron lent LJM money to buy Enron stock.
Ironically, the company boasted in its earnings release this week that it had expanded reporting of its financial results, presumably to quiet its accounting critics.
Enron's transactions have been so labyrinthine that it's hard to identify exactly if or how they were inappropriate. But the latest revelation, to say the least, does nothing to bolster the company's credibility. Enron, whose CEO resigned unexpectedly in August, had seen its stock fall 59% for the year leading up to its latest earnings release. Since then, it's dropped another 12.6%

The New Power Company Revises Its Netting Agreement With Enron; Provides For Receivables and Inventory Financing

10/19/2001
Business Wire
(Copyright (c) 2001, Business Wire)

PURCHASE, N.Y.--(BUSINESS WIRE)--Oct. 19, 2001--The New Power Company ("NewPower"), a wholly owned subsidiary of NewPower Holdings, Inc. (NYSE: NPW) today filed a Form 8-K with the Securities and Exchange Commission reporting that it has revised its master netting agreement with Enron North America Corp., Enron Energy Services, Inc., and Enron Power Marketing, Inc. (together, the "Enron Subsidiaries").
The amendment affects the Master Cross-Product Netting, Setoff, and Security Agreement (the "Master Netting Agreement") among NewPower and the Enron Subsidiaries, and expands through January 4, 2002, the types of collateral that NewPower is permitted to post to the Enron Subsidiaries.
The effect of the amendment is to reduce, through January 4, 2002, the amount of cash collateral that NewPower is required to post to the Enron Subsidiaries. Under the amended Master Netting Agreement, the first $70 million of posted collateral must be in the form of cash, while amounts in excess of $70 million may consist of not more than $40 million of eligible receivables and inventory of NewPower, valued at discounts specified in the amendment, and subject to a $25 million limit for October 2001. Pledging receivables and inventory is consistent with NewPower's previously announced intention to secure asset-backed financing.
With the amendment and NewPower's cost reduction efforts, and absent a similar rate of decline in commodity prices or other significant events, NewPower believes that it has sufficient financial resources to conduct its business until it secures ongoing asset-backed financing, which will be necessary upon the expiration of the amendment. NewPower has been and is actively seeking to arrange asset-backed financing with other parties, although to date no such arrangements have been secured.
The Company expects to meet its previous estimate of net loss and loss per basic and diluted share for the third quarter ended September 30, 2001. However, customer count and revenues are expected to be slightly lower than previously forecast.
The Company will provide revised guidance for the fourth quarter 2001 and an outlook for 2002 on its third quarter conference call scheduled for Thursday, November 8.

Cautionary Statement

This press release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934. These statements involve risks and uncertainties and may differ materially from actual future events or results. Although we believe that our expectations are based on reasonable assumptions, we can give no assurance that our goals will be achieved. The Company undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. Important factors that could cause actual results to differ from estimates or projections contained in the forward-looking statements include our limited operating history; delays or changes in the rules for the restructuring of the electric and natural gas markets; our ability to attract and retain customers; our ability to manage our energy requirements and sell energy at a sufficient margin given the volatility in prices for electricity and natural gas; the effect of commodity volatility on collateral requirements and liquidity; our dependence on third parties to provide critical functions to us and to our customers; and conditions of the capital markets affecting the availability of capital. Readers are referred to the Company's Annual Report on Form 10-K for the year ending December 31, 2000 and our Registration Statement on Form S-1 (No. 333.41412) on file with the Securities and Exchange Commission for a discussion of factors that could cause actual results to differ materially from these forward-looking statements.

About NewPower Holdings, Inc.

NewPower Holdings, Inc. (NYSE: NPW), through its subsidiary, The New Power Company, is the first national provider of electricity and natural gas to residential and small commercial customers in the United States. The Company offers consumers in restructured retail energy markets competitive energy prices, pricing choices, improved customer service and other innovative products, services and incentives.

CONTACT: The New Power Company Investors Kathryn Corbally, 914/697-2444 Kathryn.Corbally@newpower.com Patrick McCoy, 914/697-2431 Manager, Investor Relations pmccoy@newpower.com Media Gael Doar, 914/697-2451 gdoar@newpower.com Terri Cohen, 914/697-2457 Terri.Cohen@newpower.com
08:32 EDT OCTOBER 19, 2001
Copyright ? 2000 Dow Jones & Company, Inc. All Rights Reserved.

LOBBYING
K Street's Top 10: The Shifting Lineup
Shawn Zeller

10/20/2001
National Journal
Copyright 2001 by National Journal Group Inc. All rights reserved.

How do the Washington lobbying firms with the heftiest incomes put themselves in the upper echelon of K Street practitioners? Van Scoyoc Associates Inc. does it by signing up a stable of smaller clients and working hard to retain them. Quinn Gillespie & Associates doesn't have a long client list, but it is at the top of the heap in terms of average fee per client. Greenberg Traurig, meanwhile, lured away a rival firm's top rainmaker-and his lucrative book of clients.
These are just some of the business strategies revealed in National Journal's survey of the 10 Washington lobbying firms with the highest fee income from January 1 to June 30. The four top firms at midyear 2001 are the same ones as a year earlier: perennial powerhouses Cassidy & Associates Inc.; Patton Boggs; Akin, Gump, Strauss, Hauer & Feld; and Verner, Liipfert, Bernhard, McPherson and Hand.
But two new players-boasting huge growth rates-are among the firms nipping at the heels of these top dogs.
Greenberg Traurig, which came in at No. 5 in National Journal's midyear 2001 rankings, had never before been in the top tier of Washington lobbying firms. According to PoliticalMoneyLine, which compiles a comprehensive annual list of all lobbying firms, Greenberg Traurig had the 35th-highest income during the first six months of last year.
And No. 7 in the midyear 2001 rankings is Quinn Gillespie, another first-time member of the top 10. Formed just a year and a half ago by former Clinton White House Counsel Jack Quinn and Ed Gillespie-a one-time adviser to House Majority Leader Dick Armey, R-Texas-the firm has seen its fortunes rocket upward. Quinn Gillespie was No. 13 in the first six months of 2000.
In between these two newcomers is Van Scoyoc Associates, ranked at No. 6. There has been a steady rise for Van Scoyoc, which was No. 28 in fee income at the end of 1996, the year in which the 1995 Lobbying Disclosure Act first took effect.
Rounding out the top 10 at midyear 2001 are stalwarts Williams & Jensen; Washington Council Ernst & Young; and Barbour Griffith & Rogers.
National Journal ranks the top-10 lobbying firms every six months by tallying the fees that firms report to the House and Senate as required under the 1995 legislation. National Journal tabulates total fees for only the 25 top firms in PoliticalMoneyLine's comprehensive annual survey.
With its $16.68 million in fees for the first six months of the year, Cassidy & Associates continued to blow away the competition. The last time any firm reported a six-month total larger than Cassidy's was during the first half of 1998, when Verner, Liipfert led the way. During the first six months of this year, Cassidy & Associates received a massive fee of $1 million from the Taiwan Studies Institute, a think tank with close ties to the Taiwanese government; Boeing Co. paid Cassidy & Associates $600,000; and Tiffany & Co. paid it $400,000 to lobby on legislation that would bar diamonds mined in conflict-ridden areas of the world from entering the global market.
Despite the economic downturn and the terrorist threat, lobbying goes on, company Chairman Gerald S.J. Cassidy said. "During difficult times, people come to Washington with their problems. During more-robust times, they come seeking opportunities."
But the biggest story at midyear was the rise of Greenberg Traurig. The firm, which posted just $1.71 million in lobbying fees during the first half of 2000, saw that amount more than quadruple to nearly $8.7 million this year. Much of the credit goes to Jack Abramoff, the conservative K Street mover and shaker who is an ally of House Majority Whip Tom DeLay, R-Texas. Last year, Abramoff left his old firm, Preston Gates Ellis & Rouvelas Meeds, and brought $3 million in business with him to Greenberg Traurig. Preston Gates, which was ranked in the top five during Abramoff's tenure, dropped out of National Journal's rankings this year. The lobbying firm's fees fell by nearly 50 percent.
Abramoff continued to make rain at Greenberg Traurig, billing $860,000 to the Mississippi Band of Choctaw Indians, $500,000 to the Commonwealth of the Northern Mariana Islands, and $300,000 to garment manufacturers that operate in that U.S. territory. A few new clients also forked over big bucks: the Coushatta Tribe of Louisiana ($440,000); Voor Huisen Project Management, a homebuilder with international operations ($300,000); and the American International Center ($100,000). Despite initial concerns among some Greenberg Traurig partners about whether Abramoff would fit in, Abramoff insists that his team of lobbyists has been "totally integrated" into the firm.
But Abramoff wasn't the only one responsible for Greenberg Traurig's higher earnings. Ronald W. Kleinman, a former State Department lawyer, persuaded Congress with the help of several Greenberg Traurig colleagues to pass Section 2002 of the 2000 Victims of Trafficking and Violence Protection Act. This section of the law ordered the Treasury Secretary to use Cuban government funds that are frozen in U.S. banks to compensate the families of three men who had won multimillion-dollar judgments against Cuba under a 1996 amendment to the Foreign Sovereignty Immunities Act. The amendment allows victims of terrorism or their families to sue states that are on the U.S. list of state sponsors of terrorism.
Greenberg Traurig represented the families of Armando Alejandre, Carlos Alberto Costa, and Mario M. de la Pena-three members of Brothers to the Rescue, a Cuban-American group that rescues Cubans in the waters off Florida. The three men died when their plane was shot down over international waters on February 24, 1996. The families sued Cuba and were awarded $96.7 million in damages by a U.S. District Court judge in 1997. The State Department opposed payment, but President Clinton signed the trafficking bill. Greenberg Traurig reported a fee of $4 million.
Fred W. Baggett, the chair of Greenberg Traurig's governmental practice group, said this was a one-time fee, but he added that the Cuban case "established a platform so that the firm can support undertaking those one-time efforts in the future," and noted, "We have a few coming down the pipeline."
Baggett said the firm has cases involving an American killed in Jerusalem by the Palestinian group Hamas, and Americans who were used as human shields in Iraq during the Persian Gulf War. None of the Americans was killed, and all were eventually released.
Taking the flip side of the mega-fee approach was Van Scoyoc Associates, which reported receiving no fee above $180,000. Nonetheless, the firm continued its steady rise. A key reason, said firm President H. Stewart Van Scoyoc, was the ability to recruit and retain clients. The firm signed up 34 clients between January 1 and June 30, while only nine out of 159 clients terminated contracts during the period.
"We work hard at defining the relationship with a client before we sign a contract," said Van Scoyoc. "We make sure we're clear on the goals and objectives, and in a typical relationship, we don't guarantee that we can do everything." The firm's $6.24 million total for the first half of 2001 was 23 percent higher than its fees for the same period last year.
Quinn Gillespie's ascent into the top 10 was more along the lines of Greenberg Traurig's. Quinn Gillespie's billings were almost $6.09 million at midyear 2001, a 71 percent rise over the same period last year. The firm has only 34 paying clients, but the average fee per client-$180,000-is the highest among the top 10. During the six months, the British Columbia Lumber Trade Council paid a fee of $540,000 to Quinn Gillespie, while Enron Corp. paid $525,000. The Canadian group hoped its high-powered lobbyists would win greater access for Canadian lumber in the United States, but U.S. tariffs were reinstated earlier this year. Lobbying for Enron focused on energy deregulation, particularly in California. Enron is a major creditor of Southern California Edison, the utility whose financial woes resulted in power shortages in California last summer.
Quinn Gillespie's staff has grown from nine at the time of the founding to nearly 30 today. "We like to think we have a toolbox here-people who may be Republicans or Democrats but who also have different skills that benefit the client," Quinn said.
Patton Boggs had fees of $10.26 million in the first six months of 2001, but that was just a 5 percent rise over the same period in 2000. Still, the firm leapfrogged over Verner, Liipfert to capture the No. 2 ranking. Patton Boggs earned $360,000 from Russia's government-owned NTV television network, which was at the center of a controversy earlier this year when the government took over the independent network and ousted its staff.
Akin, Gump also jumped past Verner, Liipfert to No. 3 in the rankings, posting $9.48 million in fees-a 16 percent increase over a year earlier. Akin, Gump's biggest client was the troubled tire manufacturer Bridgestone/Firestone Inc., which paid just over $1.5 million in fees. Akin, Gump also earned big money from AT&T ($800,000) and the Gila River Indian Community ($620,000).
At No. 4, Verner, Liipfert saw the biggest drop in fees, taking in $8.84 million in the first six months of 2001-down 16 percent from the same period in 2000. Verner, Liipfert lost lucrative contracts with Puerto Rico after the government there changed hands last year. (See this issue, p. 3273.)
Rounding out the top-10 rankings, Williams & Jensen at No. 8 billed $5.68 million, a 12 percent increase over the first half of 2000, while Washington Council Ernst & Young saw its fees drop 11 percent to $5.5 million. The firm fell four places to No. 9 in the rankings. Barbour Griffith & Rogers's fee income was up 7 percent to $5.48 million, putting the firm at No. 10.
Falling out of the midyear top-10 rankings were Preston Gates-No. 6 at midyear 2000-and PricewaterhouseCoopers, No. 7 last year. PricewaterhouseCoopers's billings were $5 million for the period, a 6 percent drop from the first half of 2000.

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

Oct. 19, 2001
Houston Chronicle
Houston entrepreneurs added to Texas Business Hall of Fame
By TOM FOWLER
Copyright 2001 Houston Chronicle
The Texas Business Hall of Fame's annual awards ceremony Thursday night honored four Houston business leaders.
The event at the George R. Brown Convention Center put the spotlight on Weingarten Realty Investors Chairman Stanford Alexander; Compaq Computer founder and former Chief Executive Officer Rod Canion; retired Reliant Energy Chairman and CEO Don Jordan; and Dynegy Chairman and CEO Chuck Watson.
This is the 19th year the nonprofit Texas Business Hall of Fame Foundation has honored the state's business leaders with a dinner and induction event.
As chairman of Weingarten Realty Investors, Stanford Alexander built the company into one of the nation's largest publicly traded real estate companies.
After serving in the U.S. Air Force, Alexander joined J. Weingarten, a Houston-based chain of 87 supermarkets. He later became an executive with Weingarten Markets Realty Co., an affiliated real estate firm that developed free-standing supermarket stores.
The firm later changed its name to Weingarten Realty. The Houston-based company is now publicly traded on the New York Stock Exchange.
Weingarten owns shopping centers, warehouses and other property in 17 states from coast to coast.
Weingarten's notable developments in Houston include the upscale Village Arcade near Rice University and the Centre at Post Oak, across from the Galleria.
Rod Canion came up with the idea behind Compaq in 1982 after a trip to a local ComputerLand store. Along with colleagues from Texas Instruments, Jim Harris and industrial designer Ted Papajohn, Canion envisioned a portable computer that ran all the programs that operated on the IBM PC.
By the next year, the company was producing the original Compaq luggable computer, a move that essentially created the modern PC industry. By 1987, its fifth year, the company made business history by breaking $1 billion in sales, the fastest pace ever for a corporate startup.
Canion left Compaq in October 1991 but continued to be active in other ventures. In 1992, he founded Insource Technology Group, a consulting services and network engineering firm, and continues to serve as chairman.
Don Jordan has been in the forefront of Houston business and society for decades. And even though he retired from the post of chairman and chief executive at Reliant Energy in late 1999, he has remained active in the city's growth and development.
Jordan was with Reliant and its predecessor Houston Industries for 44 years and helped position the company for its eventual split between the company's regulated businesses, such as HL&P and Entex, and unregulated business that is now called Reliant Resources.
Jordan, along with his corporate rival Ken Lay of Enron, was instrumental in the successful campaign last year to convince voters to approve the use of public funds to build a new arena downtown for the Houston Rockets.
Jordan has spent a lot of time on the Houston Livestock Show & Rodeo board and many other civic groups.
Chuck Watson has built Dynegy into one of Houston's leading energy companies, but he is more well-known for his forays into the world of sports.
Watson established NGC Corp., Dynegy's predecessor, in 1985 and served as president until becoming chairman and chief executive officer in 1989.
Recently Watson was revealed to be the largest investor in the limited partnership assembled to put together the Texans, Houston's National Football League franchise. It begins playing next year.
Watson also owns the Aeros, Houston's American Hockey League team.
Watson's support was also pivotal to getting voters last year to approve the use of public funds for the new downtown arena. Watson had opposed an earlier deal to use public money to build the facility.
Watson has also been a strong supporter of Houston's bid to land the 2012 Olympic Games.
To date, the foundation has awarded more than $1.8 million in scholarships to students pursuing business degree at Texas colleges and universities.

Recession, Budget Cuts, Travel Fears To Subdue LME Week
By Mark Long
Of DOW JONES NEWSWIRES

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

LONDON -(Dow Jones)- The many travails of the metals industry will dampen the spirits of those who make it to the annual round of meetings and parties at London Metal Exchange Week, which starts Monday.
In what is expected to be a much smaller group of delegates than usual, conversations will be dominated by fears of global recession smothering already-lousy demand, the increasingly pressing need for production cuts, and the exit of several important participants from the metals business.
Cuts in companies' travel budgets and fears of flying are keeping many of the usual attendees away from London this year, dealers and analysts said.
"Sentiment is going to be bearish, and we've just heard in the past few days of people who were previously going to come along not coming, largely on their companies' advice," said Adam Rowley, an analyst at MacQuarie Bank in London.
Indeed, a representative at another major bank said fully half of the guests expected at its satellite activities have canceled.
Forecasts for base metals demand and average prices have been widely revised downward in the past few weeks, particularly since the impact of the Sept. 11 terror attacks accelerated the world economic slowdown.
Just this week, Standard Bank ratcheted its expectations lower, with LME cash copper - a bellwether for the complex that's especially sensitive to industrial productivity - seen at $1,350 a metric ton in December 2001, down from an actual year-to-date average in 2001 of $1,619/ton.
Producers are reluctant to cut copper output, and declining Chinese imports and weak demand in the west mean there is still further downside potential for copper, Standard Bank analyst Robin Bhar said.
With demand for base metals slumping so sharply, eyes have been turning to the producers to make moves on the supply side.
In copper, analysts say U.S. producers are the most likely to cut back, as the recent strength in the dollar hits their bottom line the hardest. However, a recent slump in energy prices has kept the wolves from the door so far for some producers in an industry that's energy-intensive.
Elsewhere, zinc is suffering from a supply glut that recently pressured the LME three-month price to a 17-year low of $766 a metric ton.
The troubles of Australian zinc producer Pasminco Ltd. (A.PAS) will surely be a hot topic, following the company's move to voluntary administration due to its large debt load, dealers said.
But aside from all the market concerns, the most worrisome topic will likely be the recent succession of companies bailing out of or reducing their commitment to the metals business, market participants said.
In the past week, N.M. Rothschild & Sons Ltd. quit the base metals business and ScotiaMocatta - the metals trading arm of the Bank of Nova Scotia (T.BNS) - removed itself from open-outcry ring trade at the LME. Earlier this month, Enron Metals said it would cut staff by 10%-20% in Europe, and all these moves follow Mitsui Bussan Commodities Ltd. ditching its market-making activities in the metals business earlier this year.
Who's next?
"It could be anyone," is the refrain from nearly all market participants surveyed.
-By Mark Long, Dow Jones Newswires; +44 (0)20 7842 9356; mark.long@dowjones.com

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

HC to hear DPC's plea

10/19/2001
The Times of India
Copyright (C) 2001 The Times of India; Source: World Reporter (TM)

MUMBAI: The Bombay high court will, on December 11, begin hearing a petition filed by Enron-promoted Dhabol Power Company (DPC), challenging the jurisdiction of the Maharashtra Electricity Regulatory Commission (MERC) to adjudicate the US-based multinational's dispute with Maharashtra State Electricity Board (MSEB).
A division bench headed by Justice Ajit Shah decided to hear the matter at a stretch for a week beginning from December 11. The court permitted MERC members P. Subrahmanyam and Venkat Chary to be impleaded as respondents. They have been asked to file affidavits by November 9.
The multinational power giant had levelled certain allegations of bias against an MERC member Jayant Deo. Mr Deo urged the court that he would like to recluse himself from the proceedings.
DPC was allowed to amend its main petition in view of the allegations levelled against Mr Deo and were asked to amend it within week.
In his affidavit replying to allegations of bias by the DPC, Mr Deo said he was neutral in his stand as a MERC member.
The court has made it clear that when the hearing in the case commences, two intervening parties, US Exim Bank and a consortium of 11 offshore lenders of DPC would not be allowed to make any pleadings. The court, however, said they would be permitted to assist the court by making oral submissions.

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


i know stacey has softball games tonight, i could possibly meet you depending
on the time.  what time were you thinking?


FYI.
---------------------- Forwarded by Kay Mann/Corp/Enron on 06/20/2000 11:37
AM ---------------------------

	Enron North America Corp.

	From:  Kay Mann                           05/18/2000 05:00 PM

To: Peggy Banczak/HOU/ECT@ECT
cc: Sheila Tweed/HOU/ECT@ECT

Subject:

Peggy,

Here are my observations on the Vitro turbine purchase agreement, for you to
consider, pass along, ignore, modify, etc.  I,m ignoring some issues, and
considering where the transaction is at this point, you may want to overlook
more.

The project company should be the signatory to all three contracts.  Brian is
changing this.  Purchaser and Owner will then be the same entity, so some
changes within the document will be necessary.  By the way, is everything
being shipped via rail or land?  If there is any marine transport which might
necessitate EEIM chartering a vessel, the organization docs may need to be
check to make sure that is covered (ran into this problem on another project).

Comments to offshore contract:

Commercial operation is a key term, yet isn,t defined. (an example of use is
14.1.1)

5.3 This should be integrated with the change order procedure in Article XI.
As I recall the same is true for both cost and schedule extensions.

10.3.2 GE isn,t subject to delay ld,s unless Purchaser is subject to similar
delay ld,s with Owner.  This will need to be changed since Owner will be
Purchaser, but I don,t like this concept. Maybe it is covered by the EPC wrap.

The term Takeover Performance criteria is used in 10.9.7, with a reference
back to 10.3.2; it is probably reasonable to construe the first few criteria
as being Takeover Performance criteria, but better practice would have it
defined.

10.14 A &provided that8 should be added after (a).  This change should
probably be made as a clarification.

14.3 Five days for GE to provide a service representative for a warranty
problem is fairly generous since the Owner can,t work on the equipment in the
meanwhile.  I don,t know what the EPC contract says on the point, so there
may be some protection. Probably too late and too commercial.

14.6 The first and second sentence of this paragraph are not consistent.  The
second sentence is the better one.

Note that a strike against GE is a force majeure event for which GE can get
schedule and cost relief. Too late for this deal, though.

21.3 the confidentiality provisions have no time limit.

I didn,t notice a FCPA provision, but I might have overlooked it.

I assume the onshore contract has some of the same issues.

As for the onshore/offshore split, it would seem that some coordination with
the onshore/offshore epc contract would be in order, especially if the tax
risk is ours.  My initial impression of the proposed split on the turbine
contract is that the onshore contract still contains too much relating to the
offshore scope.

Brian is working on the consolidation agreement.

Steve is working on the payment issue.

By the way, I'll be on vacation tomorrow and next week.

Kay


Whilst speaking to Koch about the Koch Hydrocarbons/Industries trades, they
asked if they could get ISDA Masters in place with two other Koch entities we
are currently trading with.  The two companies are:

Koch Petroleum Group L.P., Credit Contact at Koch is Arnold Lenz at (316)
828-8479

Koch Refining International Pte Ltd. a Singapore company, Credit Contact is
in Singapore and can be reached at  65 835 20 27 (I don't know if Houston
Credit or London Credit wants to handle this, I looked in the Master Swap
Agreement database and I noticed that London sent them a draft in 1999).

The Legal contact at Koch is in my database.  It is a paralegal there, Pam
Reinking at (316) 828-4783.


---------------------- Forwarded by Kay Mann/Corp/Enron on 11/01/2000 11:27
AM ---------------------------

"Way, Karen S. - CHI" <karen.way@piperrudnick.com> on 10/09/2000 02:52:14 PM
To: "'kay.mann@enron.com'" <kay.mann@enron.com>
cc: "'rusty.stevens@enron.com'" <rusty.stevens@enron.com>,
"'fred.mitro@enron.com'" <fred.mitro@enron.com>, "Gershon, Mark A. - CHI"
<Mark.Gershon@piperrudnick.com>, "Townsend, Christopher J. - CHI"
<chris.townsend@piperrudnick.com>, "Shindler, Donald A. - CHI"
<Donald.Shindler@piperrudnick.com>

Subject: Schaeffer Property - Livingston County, Illinois

Kay:

This morning, Rusty requested that we prepare an Option Agreement for the 29
acre parcel west of the Livingston Energy Center.  This property could be
used as a construction laydown site, but more importantly would provide a
sound buffer for the project.  It is our understanding that the Option
Agreement is to be presented to the property owner at some point next week.
We will forward a draft of the agreement to you no later than Monday,
October 16, 2000.  Please feel free to call me or Don Shindler
(312-368-2175) with any questions regarding the agreement.  Best regards.

Karen S. Way
Piper Marbury Rudnick & Wolfe
203 N. LaSalle
Chicago, Illinois 60601
email:  karen.way@piperrudnick.com
(ph) 312-368-2152
(fax) 312-630-6347

____________________________________________________________________________
The information contained in this communication may be confidential, is
intended only for the use of the recipient named above, and may be legally
privileged.  If the reader of this message is not the intended recipient, you
are hereby notified that any dissemination, distribution, or copying of this
communication, or any of its contents, is strictly prohibited. If you have
received this communication in error, please re-send this communication to
the sender and delete the original message and any copy of it from your
computer system.
Thank you.

For more information about Piper Marbury Rudnick & Wolfe, please visit us at
http://www.piperrudnick.com/
____________________________________________________________________________


Tuesday, April 24, 2001

Dear PETER,

Travelocity's Fare Watcher, your ultimate tool for keeping on top of
rapidly changing air fares, found fare changes in 3 of the markets
you are watching.  When you review the airfares below, remember that
fares change rapidly!  Low fares sell out quickly, and the sooner you
check, the more likely you are to find available seats.

Have your travel needs changed? Are you looking to go someplace new?
Remember to update your Fare Watcher subscription so that you're
always notified when fares change to your favorite destinations.

To find one of the fares below, point your web browser to your
Personal Fare Watcher Page on Travelocity by clicking on the
following URL link.  You can also copy and paste the URL into your
browser.

http://dps1.travelocity.com:80/fwemindiv.ctl?fw=018N0G2|TRAVELOCITY

==================   FARES  ============================

*  LGA-IAH   FROM: NEW YORK LAGUARDIA (LGA)
             TO:   HOUSTON-BUSH INTERCO (IAH)
   PRICE:    NEW PRICE      WAS      DIFFERENCE
             ---------    -------    ----------
             $198.00      $260.00     -$62.00

*  IAH-LGA   FROM: HOUSTON-BUSH INTERCO (IAH)
             TO:   NEW YORK LAGUARDIA (LGA)
   PRICE:    NEW PRICE      WAS      DIFFERENCE
             ---------    -------    ----------
             $198.00      $260.00     -$62.00

*  IAH-JFK   FROM: HOUSTON-BUSH INTERCO (IAH)
             TO:   NEW YORK KENNEDY (JFK)
   PRICE:    NEW PRICE      WAS      DIFFERENCE
             ---------    -------    ----------
             $198.00      $260.00     -$62.00

See below for important information on these fares.
===========  OF SPECIAL INTEREST ==============

Get Travel Protection - PROTECT YOUR TRIP! Check it out at
http://direct.travelocity.com/adclick/CID=00001612a85ff39500000000/exclusive=t
ravelres.generic.fwem.position2

========  Travelocity Hotel Value Rates  =============

Travelocity.com offers Value Rates at great hotels in:

HOUSTON-BUSH INTERCO (IAH) starting at just $55
Click:
http://dps1.travelocity.com:80/hotsrqst.ctl?mode=2&airport=IAH&rate_cat=V

NEW YORK LAGUARDIA (LGA) starting at just $69
Click:
http://dps1.travelocity.com:80/hotsrqst.ctl?mode=2&airport=LGA&rate_cat=V

NEW YORK KENNEDY (JFK) starting at just $69
Click:
http://dps1.travelocity.com:80/hotsrqst.ctl?mode=2&airport=JFK&rate_cat=V

===================   VACATIONS AND CRUISE PACKAGES ======

VACATION DEALS! Hot deals to the Caribbean, LAs Vegas, and more!
Check out our daily offerings of deals for vacation packages and tours.
See all of the great deals right now at
http://leisure.travelocity.com/RealDeals/0,2942,TRAVELOCITY_VAC,00.html

CRUISE DEALS! Don't miss a look at our incredible Cruise Deals!
Updated daily, this area features the best cruise rates to a host of fabulous
ports of call.  Find the voyage that suits your budget at
http://leisure.travelocity.com/RealDeals/0,2942,TRAVELOCITY_CRU,00.html

=====================   EXCLUSIVE MEMBER BENEFITS     ================

Introducing the Travelocity Preferred Traveler Program.
Get exclusive members-only savings including: 5% off Travelocity GoodBuy
Fares, airline club lounge passes, $15 off Hertz weekly rentals, up to 20%
off at 7,000 restaurants nationwide, and much more.  Receive a free weekender
bag when you enroll today.
Visit http://leisure.travelocity.com/preferredtraveler/?source=PM.
 .
The NEW Travelocity World MasterCard
Earn points towards free travel with the new Travelocity World MasterCard!
You'll earn 1 point for every dollar spent.  Earn 8,000 points and you'll
receive $100 off your next Travelocity.com booking.  Well spot you 4,000
points to get you started, so you're already half way there! Visit
http://www.travelocitycard.com to apply.

=====================   CUSTOMER SERVICE  ==================

IMPORTANT FARE INFORMATION:
  All fares are quoted in US Dollars.  Fares shown are for one
  adult round-trip between your selected cities and are subject
  to additional charges, including, but not limited to, Passenger
  Facility Charges (ranging from $2-$18), Federal Segment Fees of
  $2.75 per segment (defined as a takeoff and a landing), and
  taxes/fees associated with international itineraries of up to
  USD $113 or local currency equivalent. Fuel surcharges, if applicable
  are included in the fees listed.

  Total fare per passenger, including all charges, will always
  be displayed to you prior to final ticket purchase. Please note
  that fares are subject to restrictions, may not be available on
  all flights, and may change without notice. For detailed descriptions
  of the fare rules, click on the corresponding rules link.

HOW DO I:

* CHANGE OR CANCEL MY SUBSCRIPTION TO FAREWATCHER EMAIL?-

http://dps1.travelocity.com:80/fwemsub.ctl?Service=TRAVELOCITY

* sPDATE MY EMAIL ADDRESS?

http://dps1.travelocity.com:80/fwemsub.ctl?Service=TRAVELOCITY

* RETRIEVE MY PASSWORD?

http://dps1.travelocity.com:80/lognpwdform.ctl?Service=TRAVELOCITY


[IMAGE]
 Save 10% Speak No Evil, Hear No Evil Monkey Bikes...  One of the Hottest Gifts for Holiday 2001... Just enter the coupon code MQJ36GX6 in the checkout process to receive your discount.  Offer expires November 16, 2001.  Want to win your Fantasy League?  Our Fantasy Football Guides are the SOURCE for strategy, player ratings, scouting reports, team reports, projections and more!  A must have for beginners and Fantasy veterans alike.  Special in season price $9.99. Going Fast - Click Here!   Save $.05 a gallon on the gas that keeps your car's engine clean. Click here  to apply online.   Brought to you by   Sponsorship Bar You are receiving these e-reports because you have signed up for CBS SportsLine.com Fantasy Football.  To customize, reschedule, or turn off these reports please  click here    NFL Reports, Player Updates  [IMAGE]Latest NFL Player News  Rod Smith , WR DEN - Matty Updated 11/19/01 Smith (ankle) could not finish Sunday's game. His status for Thursday's game against Dallas is unclear.  Terance Mathis , WR ATL - Frank Updated 11/19/01 Mathis has by far his best game of the season, catching seven passes for 70 yards against Green Bay. He suffered a mild concussion in the game, but he's expected to be fine for this weekend's contest at Carolina.   Jackie Harris , TE DAL - Free Agent Updated 11/19/01 Harris suffered a strained right hamstring during Sunday's game against Philadelphia. He did not return to the contest, and is listed as day to day.   Frank Sanders , WR ARI - Free Agent Updated 11/19/01 Sanders had a huge game against Detroit on Sunday, catching seven passes for 127 yards and a touchdown. He injured his hamstring in the game, however, and is listed as day to day.   Quincy Carter! , QB DAL - Free Agent Updated 11/19/01Carter feels as though his hamstring has healed enough that he's ready to return to action. However, the Cowboys will start Ryan Leaf for a few more weeks before Carter gets his starting job back. The team wants to evaluate Leaf in a few games this season to determine if he'll have any trade value in the offseason.  James Jackson , RB CLE - Hunter Updated 11/19/01 Jackson told the Cleveland Plain-Dealer it was a coach's decision not to use him against the Ravens. Jackson had been suffering from an ankle injury, but reports prior to gametime had indicated he might have been able to play. With the sudden emergence of Benjamin Gay, Jackson's Fant! as! y value might drop greatly.  Ryan Leaf , QB DAL - Free Agent Updated 11/19/01 Leaf had another terrible outing this weekend, but the Dallas Morning News is reporting that he'll remain the team's starting quarterback for the time being. However, he's no better than waiver wire fodder in Fantasy Football.   Kevin Lockett , WR WAS - Free Agent Updated 11/19/01 Lockett left Sunday's game against Denver in the first quarter due to a rib injury. His status for next week's game against Philadelphia is uncertain at this time.   Tony Banks , QB WAS - Free Agent Updated 11/19/01 Banks, who suffered a concussion during Sunday's game against Denver, told the Washington Post that there's a "definite possibility" he would be ready in time for next weekend's game against Philadelphia. Kent Graham would start if Banks is unable to play, but neither QB is an attractive Fantasy option against the Eagles.   Emmitt Smith , RB DAL - Bass/Hull Updated 11/19/01 Smith left Sunday's game against Philadelphia with a sprained knee. However, he is expected to be in the starting lineup when Dal! la! s faces Denver on Thanksgiving Day.   Larry Foster , WR DET - Free Agent Updated 11/19/01 Foster suffered an apparent leg injury during Sunday's game against Arizona. He is listed as day to day.  Desmond Howard , WR DET - Free Agent Updated 11/19/01 Howard suffered a shoulder injury during Sunday's win over Arizona. He did not return to the game, and is listed as day to day.   Bert Emanue!   , WR DET - Free Agent Updated 11/19/01 Emanuel suffered a knee injury during Sunday's game against Arizona. He is listed as day to day.   Muhsin Muhammad , WR CAR - Martin Updated 11/18/01 Muhammad sprained his left shoulder in Sunday's game against the 49ers. His status for the Week 11 game against Atlanta is unclear.  Mike Anderson , RB DEN - Neal/McKay Updated 11/18/01 Anderson rushed for only 31 yards on 13 carries against the Redskins. Olandis Gary carried the ball ! 10! times for 28 yards. It is apparent Anderson is no longer worthy of a starting spot on Fantasy teams, and Gary will continue to see some work at his expense.  Michael Westbrook , WR WAS - Free Agent Updated 11/18/01 Westbrook caught nine passes for 104 yards and a TD at Denver. Opposing defenses are focusing on rookie Rod Gardner, and Westbrook is getting open often after starting the year slowly.  Jake Plummer , QB ARI - Frank Updated 11/18/01 Plummer threw for 334 yards, four TDs and was intercepted once by Detroit. Such stellar performances are rare for Plummer, who may not have a better game this season.  Michael Pittman , RB ARI - Matty Updated 11/18/01 The awful Detroit defense limited Pittman to 81 rushing yards on 23 carries. Don't start Pittman in any upcoming weeks unless your team is very thin at RB..  David Sloan , TE DET - Free Agent Updated 11/18/01 Sloan caught two TD passes for a total of three yards at Arizona. If you are desperate for help at TE, consider Slo! an! , who always gets regular looks from Charlie Batch.  Lamont Warren , RB DET - Free Agent Updated 11/18/01 Warren rushed for 32 yards and a TD at Arizona and caught 11 passes for 64 yards and a score. The Lions will continue to feature Warren on third downs and near the goal line as a receiver, making him a good Fantasy backup for the rest of the year.  Warrick Dunn , RB TB - Martin Updated 11/18/01 Dunn caught 12 passes for 138 yards against the Bears, but he rushed for only 12 yards and fumbled twice. Don't count on Dunn for consistently good Fantasy numbers during the next few weeks. He can be explosive, but he is also erratic.  Keyshawn Johnson , WR TB - Giggles Updated 11/18/01 Johnson caught 12 passes for 89 yards against the Bears, but he failed to get in the end zone again. Don't depend on Johnson down the stretch unless your team is very thin at wideout.  David Terrell , WR CHI - Free Agent Updated 11/18/01 Terrell caught! o! ne pass for 15 yards at Tampa Bay. The rookie wideout is not consistent enough to start for most Fantasy teams.  Marty Booker , WR CHI - Free Agent Updated 11/18/01 Booker caught seven passes for 165 yards and three TDs at Tampa Bay. In his third season, Booker has become a superb Fantasy wideout. He is a player you must start every week, no matter what matchup he faces.   Plaxico Burress , WR PIT - Free Agent Updated 11/18/01 The Jaguars limited Burress to one catch for 13 yards. The second-year receiver has still not proven he can be a reliable Fantasy player.  LaDainian Tomlinson , RB SD - Hunter Updated 11/18/01 Tomlinson put up decent rushing numbers against Oakland, posting 68 yards and a touchdown. His overall statistics have been down in recent weeks, however, which may have something to do with the fact that he held out for the entire preseason.   Hines Ward , WR PIT - Tori Updated 11/18/01 Ward caught nine passes for 112 yards and a TD against Jac! ks! onville. While he doesn't score often, Ward has become a very solid receiver for Pittsburgh this year, and he will always post respectable totals.  Doug Flutie , QB SD - Russell Updated 11/18/01 Flutie's recent struggles continued against Oakland, throwing for only 98 yards on Sunday. Unless he faces a good matchup, starting Flutie is becoming somewhat of a gamble.   Stacey Mack , RB JAC - Hunter Updated 11/18/01 Mack was held to six rushing yards on eight carries at Pittsburgh. He has not been a reliable back for the Jaguars or Fantasy owners this season.  Rich Gannon , QB OAK - Martin Updated 11/18/01 Gannon had a solid outing against San Diego, throwing for 311 yards and four touchdowns. He's one of the top five Fantasy quarterbacks in the league and is a must-start every week.   More Updates  Transactions, View  [IMAGE]     [IMAGE] Make Selection   [IMAGE]       [IMAGE] There are no League Transactions which meet the selected criteria.  To see all league transactions select "All", "All", "All Teams" from the Transactions, View page.      Schedule, Breakdown  [IMAGE] Russell Player Pos Points McNabb, Donovan  QB 10.0 Garner, Charlie  RB 9.0 Huntley, Richard  RB 15.0 Harrison, Marvin  WR 5.0 Hilliard, Ike  WR 0.0 Moss, Randy  WR 0.0 Mare, Olindo  K 0.0 Ravens  DT 10.0   [IMAGE] TOTAL   49.0   [IMAGE] Flutie, Doug  QB 2.0 Taylor, Travis  WR 4.0 Collins, Kerry  QB 0.0 Gonzalez, Tony  TE 0.0 Holmes, Priest  RB 0.0 White, Jamel  RB 9.0   [IMAGE] at Matty Player Pos Points Brooks, Aaron  QB 28.0 Faulk, Marshall  RB 21.0 Pittman, Michael  RB 8.0 Horn, Joe  WR 14.0 Smith, Rod  WR 8.0 Stokes, J.J.  WR 19.0 Janikowski, Sebastian  K 10.0 Giants  DT 0.0   [IMAGE] TOTAL   108.0   [IMAGE] Griese, Brian  QB 11.0 Gadsden, Oronde  WR 3.0 Chapman, Doug  RB 0.0 Glenn, Terry  WR 0.0 Johnson, Brad  QB 22.0 Wycheck, Frank  TE 2.0   [IMAGE]  Copyright 2001 Commissioner.COM Inc and SportsLine.com Inc. Your site can be reached from http://fantasy.sportsline.com   FB10SP


Start Date: 12/23/01; HourAhead hour: 19;  No ancillary schedules awarded.  No variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final Schedules\2001122319.txt


Hi Team,

I was in class all day yesterday, and could not bear to be indoors on?yet
another awesome day!! Purnima and I spend all day hiking. So - I have
not read the Home Depot case yet - and am only just starting on it :-(?
Good thing we don't have a case to prepare for Tiffany's class Wed!

Let's get an email dialog going once we get Mark's spreadsheets?
I'd also be up for?a meeting/conf call late Mon/Tue eve to do the writeup.

-Anil

? Mark Guinney <Mark_Guinney@watsonwyatt.com> wrote:
Hi Carolyn. I'm running the numbers and the rest of you, team, are responsible
for the strategy and interpretation of the numbers for case 2. Case 1 was
fine.
I have a few questions for our beloved professor and when she responds I'll
e-mail out my spreadsheet models.

**********************************************
Mark D. Guinney, CFA
Consultant
Watson Wyatt Investment Consulting
345 California Street, Ste. 1400
San Francisco, CA 94104
(415) 733-4487 ph.
(415) 733-4190 fax

Do You Yahoo!?
- Get personalized email addresses from Yahoo! Mail Personal Address  - only
$35  a year!


Colleen, we still show the 1,000 dt/day of Equitrans capacity on our CES (now
New Power) sheet.  Do you know if CES ever agreed to take this contract?


------------------------------------------------------------------------------
------------------------
W E E K E N D   S Y S T E M S   A V A I L A B I L I T Y

F O R

April 20, 2001 5:00pm through April 23, 2001 12:00am
------------------------------------------------------------------------------
------------------------

SCHEDULED SYSTEM OUTAGES:

ARDMORE DATA CENTER - FACILITY OPERATIONS: No Scheduled Outages.

AZURIX: No Scheduled Outages.

EB34 DATA CENTER - FACILITY OPERATIONS: No Scheduled Outages.

EDI SERVER: No Scheduled Outages.

ENRON NORTH AMERICAN LANS:      SEE ORIGINAL REPORT

FIELD SERVICES:  No Scheduled Outages.

INTERNET: No Scheduled Outages.

MESSAGING:     SEE ORIGINAL REPORT

MARKET DATA: No Scheduled Outages.

NT: No Scheduled Outages.

OS/2:  No Scheduled Outages.

OTHER SYSTEMS:        ALSO SEE ORIGINAL REPORT
Impact:  CORP
Time:  Fri 4/20/2001 at  5:00:00 PM CT thru Mon 4/23/2001 at  8:00:00 AM CT
 Fri 4/20/2001 at  3:00:00 PM PT thru Mon 4/23/2001 at  6:00:00 AM PT
 Fri 4/20/2001 at  11:00:00 PM London thru Mon 4/23/2001 at  2:00:00 PM London
Outage:  SysAdmiral Maintenance
Environments Impacted:  SysAdmiral Users
Purpose: SysAdmiral terminal server icons on General Cluster will not be
available due to maintenance.
Once the maintenance is completed the icons will point to the new 2.3.11
production and development environments.
Backout:  None
Contact(s):  Rusty Cheves  713-345-3798

SITARA:  No Scheduled Outages.

SUN/OSS SYSTEM: No Scheduled Outages.

TELEPHONY: No Scheduled Outages

TERMINAL SERVER:  No Scheduled Outages.

UNIFY:       SEE ORIGINAL REPORT

------------------------------------------------------------------------------
-----------------------------------------------
        FOR ASSISTANCE

(713) 853-1411   Enron Resolution Center

Specific Help:
Information Risk Management   (713) 853-5536
SAP/ISC
        (713) 345-4727
Unify On-Call      (713) 284-3757  [Pager]
Sitara On-Call     (713) 288-0101  [Pager]
RUS/GOPS/GeoTools/APRS   (713) 639-9726  [Pager]
OSS/UA4/TARP    (713) 285-3165  [Pager]
CPR      (713) 284-4175  [Pager]
EDI Support      (713) 327-3893  [Pager]
EES Help Desk     (713)853-9797 OR (888)853-9797


MARKET NOTICE
December 5, 2001
In Re:	California Independent System Operator Corporation
		Docket Nos. ER01-3013-000 and ER01 889-009 Compliance Filing
		Changes to Provision of Data to CERS
		Modification to November 30, 2001 Market Notice
Modified Implementation Schedule  - Changes to Provision of Data to CERS
ISO Market Participants:
On Friday, November 30, the ISO issued a market notice providing the ISO's
schedule for complying with the Federal Energy Regulatory Commission
("FERC") November 7 and 20, 2001 orders, that require the ISO, among other
things, to stop providing information to the California Department of Water
Services, California Energy Resource Scheduling ("CERS") which is not also
provided to other Scheduling Coordinators ("SCs").
The ISO has accomplished all milestones as listed through December 3, 2001.
The transition planned on December 6 has been shifted until next week.  The
ISO is making every effort to insure that the transition is a smooth one and
seeks some additional time to work with the resources in the California
market to gain their cooperation with provision of inc and dec bids at
reasonable prices.
Specifically the items that were listed in Item 4 of the November 30 market
notice to begin at HE 2400 on December 6, 2001 will now occur at 23:59
Wednesday night December 12, 2001.  They include:
a.	The ISO will halt the preferential provision to CERS of the ISO
Forecasted net short in the BEEP Stack;
b.	CERS will no longer engage in OOM purchases; and
c.	The ISO will dispatch all available Energy from bids in the BEEP
Stack for both resources prior to the ISO making OOM purchases.
Client Relations Communications.0920
CRCommunications@caiso.com <mailto:CRCommunications@caiso.com>

Byron B. Woertz, Jr.
Director, Client Relations
Phone:  (916) 608-7066
Pager:   (800) 481-7037


Reservation status has changed. Details of the reservation are listed below:
ASSIGNMENT_REF = 27853
SELLER_CODE = AZPS
SELLER_DUNS = 958982563
CUSTOMER_CODE = EPMI
CUSTOMER_DUNS = 848921276
AFFILIATE_FLAG = 0
PATH_NAME = W/AZPS/AZPS-AZPS/FOURCORNE345 - PNPKAPS230//
POINT_OF_RECEIPT = FOURCORNE345
POINT_OF_DELIVERY = PNPKAPS230
SOURCE = presched
SINK = presched
CAPACITY = 0
CAPACITY_REQUESTED = 25
SERVICE_INCREMENT = HOURLY
TS_CLASS = FIRM
TS_TYPE = POINT_TO_POINT
TS_PERIOD = OFF_PEAK
TS_WINDOW = FIXED
TS_SUBCLASS = WHEEL
NERC_CURTAILMENT_PRIORITY = Nerc Priority 1
OTHER_CURTAILMENT_PRIORITY = Default
START_TIME = 01/09/2002
STOP_TIME = 01/14/2002
CEILING_PRICE = 1.95
OFFER_PRICE = 1.95
BID_PRICE = 1.95
PRICE_UNITS = $/mW
PRECONFIRMED = YES
ANC_SVC_LINK = N/A
ANC_SVC_REQ = N/A
POSTING_REF = 0
SALE_REF =
REQUEST_REF =
DEAL_REF =
NEGOTIATED_PRICE_FLAG =
STATUS = STUDY
STATUS_NOTIFICATION = holden.salisbury@enron.com
STATUS_COMMENTS =
TIME_QUEUED = 01/08/2002

TIME_OF_LAST_UPDATE = 01/08/2002
PRIMARY_PROVIDER_COMMENTS =
SELLER_COMMENTS =
CUSTOMER_COMMENTS =
SELLER_NAME = AZPS
SELLER_PHONE = 602.250.1128
SELLER_FAX = 602.250.1155
SELLER_EMAIL = oasisadm@apsc.com
CUSTOMER_NAME = Enron Power Marketing, Inc.
CUSTOMER_PHONE = (713)853-3801
CUSTOMER_FAX = (713)646-8272
CUSTOMER_EMAIL = bill.rust@enron.com
REASSIGNED_REF = 0
REASSIGNED_CAPACITY = 0


-----Original Message-----
From: Ordway, Chris
Sent: Tuesday, November 27, 2001 7:56 AM
To: Boudreaux, Shanna; Garcia, Clarissa; Lamadrid, Victor; Townsend,
Judy; Versen, Victoria
Subject: FW: TE Critical System Warning

FYI...
Chris

-----Original Message-----
From: infopost@duke-energy.com [mailto:infopost@duke-energy.com]
Sent: Tuesday, November 27, 2001 12:00 AM
To: infopost@duke-energy.com
Subject: TE Critical System Warning

November 27, 2001

TEXAS EASTERN TRANSMISSION, LP (Texas Eastern) continues to operate
under the Critical System Warning issued November 26, 2001.  Based on
anticipated system operations and weather conditions, as stated below,
Texas Eastern is requiring that all customers take immediate and prompt
steps to eliminate excess receipts and conform scheduled receipts to
actual deliveries. This system-wide warning is issued as a result of
actual receipts into the system significantly exceeding actual
deliveries. This Critical System Warning shall remain in place until
further notice.

Weather in the market area continues to be unseasonably mild and
shippers have been filling contract storage inventories in anticipation
of the coming winter heating season.  At this time, Texas Eastern's
storage capacity is approximately 98% full.  As a result, there is
virtually no storage capacity or line pack available for system
operational purposes and Texas Eastern cannot continue to absorb actual
imbalances left on the system.

Due to the critical nature of this situation, and the fact that Texas
Eastern no longer has the ability to further absorb imbalances being
left on the system, Texas Eastern requests that all customers coordinate
with their suppliers the actual quantities received into the system
match actual customer takes in the market area.  No due pipe gas will be
accepted into the system until further notice.

If immediate action does not result in reducing the current volume of
gas being left on the system, Texas Eastern may be forced to issue an
operational flow order ("OFO") requiring actual receipts of gas to match
actual deliveries out of the system, which will be subject to the OFO
non-compliance penalty of $25 per dekatherm.  In addition, and as
provided for in Texas Eastern's FERC Gas Tariff, Texas Eastern will take
any other actions as may be necessary to protect the integrity of its
system, including, but not limited to, suspension of OBA's.

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

NOTE:

Duke Energy Gas Transmission respects your online time and privacy.
You have received this email because you elected to subscribe. To
unsubscribe, login to the E-mail Notification Subscription page at
http://www.link.duke-energy.com/script2/Notification.asp
uncheck the appropriate checkbox, and click the Submit button.


Start Date: 3/6/01; HourAhead hour: 14;  No ancillary schedules awarded.
Variances detected.
Variances detected in Energy Import/Export schedule.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001030614.txt

---- Energy Import/Export Schedule ----
$$$ Variance found in table tblINTCHG_IMPEXP.
     Details: (Hour: 14 / Preferred:  50.00 / Final:  19.93)
  TRANS_TYPE: FINAL
  SC_ID: ECTRT
  MKT_TYPE: 2
  TRANS_DATE: 3/6/01
  TIE_POINT: PVERDE_5_DEVERS
  INTERCHG_ID: EPMI_CISO_VERDE5
  ENGY_TYPE: WHEEL
$$$ Variance found in table tblINTCHG_IMPEXP.
     Details: (Hour: 14 / Preferred:  50.00 / Final:  19.91)
  TRANS_TYPE: FINAL
  SC_ID: ECTRT
  MKT_TYPE: 2
  TRANS_DATE: 3/6/01
  TIE_POINT: MALIN_5_RNDMTN
  INTERCHG_ID: EPMI_CISO_VERDE5
  ENGY_TYPE: WHEEL


Lemme know how it goes.


FYI - Here is the list of the transaction types we will be using in SAP with
the numbers assigned to them in production.  A transaction type will be
required anytime we book to the Merchant Investment general ledger account
24091000.

E09 Contribution
E10 Distribution
E11 Capitalized Interest
E12 PIK Dividends
E13 Fair Value Adjustment
E14 Fair Value Adjustment - Permanent Write Down
E15 Fair Value Adjustment - Sale of Asset
E16 Fair Value Adjustment - Write off Loan

Please let me know if you have any questions.

Thanks,
Pam


Kaye:  Will you please print these docs for me?  Thanks.  Sara
----- Forwarded by Sara Shackleton/HOU/ECT on 05/31/2000 01:09 PM -----

	Clint Freeland@ENRON
	05/31/2000 12:44 PM

		 To: Paige B Grumulaitis/HOU/ECT@ECT, Kimberly Scardino/AA/Corp/Enron@ENRON,
Johnna Kokenge/Corp/Enron@ENRON, AnnMarie Tiller/Corp/Enron@ENRON, Brent
Vasconcellos/Corp/Enron@ENRON, Jeff Nogid/HOU/ECT@ECT, Sara
Shackleton/HOU/ECT@ECT, Pushkar Shahi/HOU/ECT@ECT, Ryan
Siurek/Corp/Enron@ENRON
		 cc: Gareth Bahlmann/HOU/ECT@ECT
		 Subject: Enron PATS 2000-1

I think the wrong file was sent out earlier.  Here are the revised
documents.  Please review and provide me with your comments.
CF
---------------------- Forwarded by Clint Freeland/Corp/Enron on 05/31/2000
12:36 PM ---------------------------

mukunah@winstim.com on 05/31/2000 08:35:52 AM
To: clint.freeland@enron.com, gareth.bahlmann@enron.com,
kimberly.blue@ubsw.com, scott.whitney@ubsw.com, ryan.donovan@ubsw.com,
scott.giese@ubsw.com, timothy.steele@ubsw.com, michael.davidson@ubsw.com,
william.sullivan@ubsw.com, john.magovern@ubsw.com, raustin@houston.rr.com,
mspradling@velaw.com, sara.shackleton@enron.com, who@velaw.com,
gorloff@bracepatt.com, ktrautner@bracepatt.com, Rastin@velaw.com,
jim.hunt@ubsw.com, lyndon.taylor@ubsw.com, tom.field@ubsw.com,
ttabor@bankofny.com, kurzw@winstim.com, bergeronc@winstim.com
cc: ecklandt@winstim.com, delaneyj@winstim.com, chudyj@winstim.com,
earlyhud@winstim.com

Subject: Enron PATS 2000-1

In connection with Enron's PATS offering, we're attaching a Cover Letter and
clean and marked drafts of the revised Preliminary Offering Circular, Purchase
Agreement, Remarketing Agreement and Trust Agreement.

Best regards,

Hazel Mukuna

(See attached file: Cover Letter.doc)

(See attached file: Preliminary Offering Circular.doc)  (See attached file:
Preliminary Offering Circular.REDLINE.doc)

(See attached file: Purchase Agreement.doc)        (See attached file:
Purchase
Agreement.REDLINE.doc)

(See attached file: Remarketing Agreement.doc)     (See attached file:
Remarketing Agreement.REDLINE.doc)

(See attached file: Trust Agreement.doc)           (See attached file: Trust
Agreement.REDLINE.doc)

______________________________________
This message, together with any attachments, is intended only for the
use of the individual or entity to which it is addressed and may contain
information that is legally privileged, confidential and exempt from
disclosure.  If you are not the intended recipient, you are hereby
notified that any dissemination, distribution, or copying of this
message,or any attachment, is strictly prohibited.  If you have received
this message in error, please notify the original sender (or the WSPR
Help Desk) immediately by telephone (212-858-1000) or by return
E-mail and delete the message, along with any attachments, from
your computer.  Thank you.

 - Cover Letter.doc
 - Preliminary Offering Circular.doc
 - Preliminary Offering Circular.REDLINE.doc
 - Purchase Agreement.doc
 - Purchase Agreement.REDLINE.doc
 - Remarketing Agreement.doc
 - Remarketing Agreement.REDLINE.doc
 - Trust Agreement.doc
 - Trust Agreement.REDLINE.doc


Thanks for note. I recall our conversation. I've had surgery but as you know the worry is did they get it all? Surface tissue of tongue on bottom right. This is so weird since I don't smoke or dip which are the primary risk factors. Thanks for your concern and I will let you know how this goes. I have found that information control is critical so please don't discuss with anyone. I go back to MDA in a month for follow-up visit (ultra sound of lymph nodes). Rick

 -----Original Message-----
From: 	Rieker, Paula
Sent:	Wednesday, July 18, 2001 10:18 AM
To:	Buy, Rick
Subject:	Sending My Best

Rick - I recently heard you had had surgery at MDA for a malignancy and wanted to send you my very best wishes for a full, complete and fast recovery!  As I think we have talked in the past, I have had a long-term association with MDA for what was an awful tumor (spinal Ewing's sarcoma) which was aggressively and successfully treated there.  In fact, this year, I will celebrate (and I do mean celebrate!) 20 years since diagnosis.  I hope you will have a similar tale to tell many years down the road.  Rick, it there is anything I can do for you as you recuperate or journey through this experience, I hope you will let me know.  In the meantime, please know that lots of friends and associates are praying for you and hoping to see you doing the things you enjoy very soon.  Take care, Rick!  My best, Paula


We regret to announce that with the reduced emphasis on developing large
infrastructure projects in certain countries, a number of individuals have
elected to leave Enron.  Diomedes Christodoulou, formerly Chief Commercial
Officer of Enron Broadband Services, James Bannantine, formerly CEO of Enron
South America, and Sanjay Bhatnagar, formerly CEO of Enron Broadband Services
for the Middle East and Asia, have elected to leave Enron to pursue other
opportunities.  Diomedes, Jim and Sanjay built and led strong and talented
teams at Enron.  We wish all of these individuals the very best in their new
endeavors.


Can we meet after we are sold - things are very hectic now.  How about some time in February?

 -----Original Message-----
From: 	"Tom Gros" <tgros@houston.rr.com>@ENRON
Sent:	Monday, January 07, 2002 11:25 AM
To:	Kitchen, Louise
Subject:	CLPartners

Happy New Year.
I know you must be very busy, but I would enjoy the  opportunity to spend a few minutes with you to discuss the former CommodityLogic  group, now CLPartners.
Please let me know where and when would be  convenient for you.

All the best,

Tom


Due to scheduling conflicts, we will postpone our roundtable for Fri 10/27
and move it to Tues. 11/7 at 2pm.  Let me know if you cannot attend.  Thanks
KH


Dana:

I haven't heard from credit.  Why don't you call Tana Jones (our EOL
paralegal specialist) at 713-853-3399 and let her know that you want to
pursue the Electronic Trading Agreement and GTC's for online trading.  I will
also provide Tana with the background discussion that you and I had.  At
least she can get you moving on EOL and pursue credit at the same time.  Let
me know if you have any questions.  Thanks.

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

	"Dellacona, Dana (Commodities - NY)" <ddellacona@Hess.com>
	02/13/2001 09:12 AM

		 To: "'Sara.Shackleton@enron.com'" <Sara.Shackleton@enron.com>
		 cc: "Cerria, Chuck (Commodities - NY)" <ccerria@Hess.com>
		 Subject: RE: Hess-Enron ISDA Agreement(s)

Sara,

Per our discussion on February 6th, I was wondering if you had any feedback
from your credit people regarding the five Enron-Hess entity ISDAs we
discussed.  Also, as I mentioned in the February 6th e mail to you, Amerada
Hess Corporation would like to be able to trade on Enron On-Line
immediately.  Can you give me a call to discuss how soon we can make
arrangements for this?

Thanks,

Dana M. Dellacona
1185 Avenue of the Americas
NY, NY 10036
Ph:212.536.8133
Fx:917.342.8810
ddellacona@hess.com

-----Original Message-----
From: Sara.Shackleton@enron.com [mailto:Sara.Shackleton@enron.com]
Sent: Tuesday, February 06, 2001 7:11 PM
To: ddellacona@Hess.com
Subject: Hess-Enron ISDA Agreement(s)

Dana:

Mark Taylor asked that I look into this for you.  Please give me a call
and/or send me an email.  Thanks.

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
----- Forwarded by Sara Shackleton/HOU/ECT on 02/06/2001 06:02 PM -----

                    Mark Taylor

                                         To:     Sara Shackleton/HOU/ECT@ECT

                    02/06/2001           cc:

                    05:51 PM             Subject:     Hess-Enron ISDA
Agreement(s)

----- Forwarded by Mark Taylor/HOU/ECT on 02/06/2001 05:50 PM -----

                    "Dellacona,

                    Dana                 To:     "'mark.taylor@enron.com'"
<mark.taylor@enron.com>
                    (Commodities         cc:

                    - NY)"               Subject:     Hess-Enron ISDA
Agreement(s)
                    <ddellacona@H

                    ess.com>

                    01/26/2001

                    11:11 AM

Mark,

I would like to contact you in order to follow up to your conversation of
last week with Mr. Chuck Cerria regarding executing an ISDA between
numerous
Hess entities and numerous Enron entities.  Unfortunately, I do not have
your phone number.  Could you either call me or e mail it to me?

Thanks so much,

Dana Dellacona
212-536-8133


COLUMBIA GULF TRANSMISSION COMPANY
                        NOTICE TO ALL INTERESTED PARTIES
                                  JUNE 05, 2001

Notice ID: 2776
5 - NO RESPONSE REQUIRED

For after hours business on weekdays a Columbia Gulf Representative will be
available to assist you at the below phone numbers.

For the weekend of June 9th through June 10th the Columbia Gulf Representative
available to assist you will be:

                           Dan Shelton

The following phone numbers can be used to contact Columbia Gulf:

                            713-305-1469
                                 Or
                            713-267-4550

Please note that the Columbia Navigator system is unavailable every Sunday from
11:00 p.m. (Eastern) until Monday at 6:00 a.m. (Eastern) for routine system
maintenance.