Dear Medicine Bow Shipper:

Yesterday the FERC authorized WIC to placed the entire Medicine Bow Loop and
compression into service.  WIC will place the facilities into service on
Friday, November 30.  Under the terms of your Loop FTSA's, the reservation
charges for your initial MDQ's will become effective December 1.  You will
continue to nominate and transport under your existing Medicine Bow Loop
tie-in Capacity contracts through November 30, and those contracts will
expire on December 1 when the Medicine Bow Loop contract MDQ's become
effective.  Should you wish to transport under the Loop contracts prior to
December 1, it will be as overrun service.

Please call me if you have any questions.

Laine Lobban
719-520-4344
719-331-3379 (cell)

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Electricity Cost Data Spread the Blame Power: Many suppliers charged more
than the firms that Davis has pilloried, records show.
Los Angeles Times, 07/10/01

Duke Energy Asked to Allow Release of Data Power: Senator says the generator
is refusing to make public some information crucial to the price-gouging
probe. Firm says it's complying.
Los Angeles Times, 07/10/01

California to get plan for refunds
Houston Chronicle, 07/10/01

INDIA: CEO of Enron's Indian unit Dabhol quits.
Reuters English News Service, 07/10/01

US Enron Chmn Confirms India Dabhol Pwr CEO's Resignation
Dow Jones Energy Service, 07/10/01

Enron's Kenneth Lay on its $3 Bln Indian Power Project: Comment
Bloomberg, 07/10/01

MORE WORK NEEDED TO REVIVE INDIA'S DABHOL PROJECT: ENRON CHIEF
Asia Pulse, 07/10/01

Tropic Networks reveals investors: $60-million financing
National Post, 07/10/01

India: New engg consultant for Enron project likely
Business Line (The Hindu), 07/10/01

India: Centre firm on Dabhol
Business Line (The Hindu), 07/10/01

Enron has no immediate plan to quit India, says Lay
Business Standard, 07/10/01

Enron seeks CII's help on Dabhol
Business Standard, 07/10/01

Enron takes some heat, but rates a `buy'
Chicago Tribune, 07/10/01

Power Producers' 2Q Bolstered By April, May Prices
Dow Jones News Service, 07/09/01

Enron's Kenneth Lay on India's Dabhol Power Project: Comment
Bloomberg, 07/09/01

Prosecutors to Get Reliant, Mirant, Dynegy Documents (Update1)
Bloomberg, 07/09/01

California; Metro Desk
Electricity Cost Data Spread the Blame Power: Many suppliers charged more
than the firms that Davis has pilloried, records show.
RICH CONNELL; ROBERT J. LOPEZ; DOUG SMITH
TIMES STAFF WRITERS

07/10/2001
Los Angeles Times
Home Edition
B-1
Copyright 2001 / The Times Mirror Company

SACRAMENTO -- California's energy meltdown involves a far more diverse group
of wholesale electricity merchants than suggested by Gov. Gray Davis, who has
aggressively blamed a handful of Texas companies, state records show.
During the first three months of this year--one of the worst stretches of
power shortages during the crisis--an assortment of public and private
entities charged the state prices averaging well above some of those paid to
Texas firms, according to documents released to The Times on Monday by the
Department of Water Resources, which now buys power for California.
Among those setting and collecting some of the highest average prices per
megawatt-hour were a Canadian public utility, a subsidiary of San Diego Gas &
Electric's parent company, and the Los Angeles Department of Water and Power,
the report shows. Their average prices ranged from $498 a megawatt-hour
charged by Powerex, the trading arm of British Columbia's BC Hydro, to $292
an hour by the DWP.
In fact, some of the biggest private power companies singled out for
criticism by Davis and other state officials--Dynegy Inc., Duke Energy and
Mirant--charged less than the average prices the state paid for the period.
Those companies' average prices ranged from $146 to $240 per megawatt-hour,
according to an analysis of the documents.
The figures cover the various types of spot and longer-term power purchased
by the state during three months that included rolling blackouts and more
than a month of razor-thin reserves, leading to continuous power emergencies.
Davis spokesman Steve Maviglio said the governor has directed his sharpest
barbs at private out-of-state generators because, in general, they have
reaped the highest profits over the longest period.
"You have to look at the whole picture," Maviglio said.
"The governor was expressing his displeasure with the arrogance of the
generators who wear cowboy hats," he said. "Their profits were 100% to 400%
above last year. . . . Just because there are other entities who are charging
us more [per megawatt-hour] doesn't change the fact that we are getting
ripped off by companies from Houston, Tulsa, Atlanta or Charlotte."
The report by the Department of Water Resources was provided to The Times on
the same day the state released 1,700 pages of documents on California's
electricity purchases on the volatile spot market for the year's first
quarter.
The records detail how the state spent nearly $8 billion buying power in the
first five months of the year, and underscore the complexity of the state's
energy problem. They also show that patterns of high prices are not limited
to a few generators.
Oscar Hidalgo, a spokesman for the water resources agency, said that the
reports together show that prices were extremely volatile early in the year.
"All the prices were high," he said, noting the downward trend in costs since
his agency began buying power in mid-January.
The average price per megawatt-hour for all state purchases went from $316 in
January to $243 in May. Spot prices fell from an average of $321 per hour to
$271, the reports show.
In the first quarter of the year, some public entities' prices far exceeded
those of the biggest private companies. For example, Houston-based Enron, one
of the nation's biggest power traders, charged an average of $181 per
megawatt-hour. And Atlanta-based Mirant, which sold the most to the state, a
total of $706 million, charged an average of $225 per megawatt-hour.
By contrast, a Calgary, Canada, firm, TransAlta Energy, averaged $335 a
megawatt-hour, and the Sacramento Municipal Utility District had average
charges of $330 per megawatt-hour.
A spokesman for Enron, Mark Palmer, said recently that the "vilification of
Enron was based on politics, not facts." Spokesmen for BC Hydro could not be
reached late Monday to comment on its huge sales to the state. In the past,
the utility has defended its pricing practices, saying it has offered
last-minute hydroelectric power that helped keep California's lights on.
A spokeswoman for Sempra, the parent company of San Diego Gas & Electric,
said late Monday the company was unable to comment because it had yet to see
the figures released by the state. Officials at DWP, who could not be reached
Monday evening, have defended their pricing, saying the costs of producing
the power needed by the state were extremely high.
More Power Bought Than Projected
Hidalgo, of the Department of Water Resources, said his agency's efforts,
coupled with conservation by business and consumers and falling natural gas
prices, have begun to tame the state's market.
Still, the state had to purchase $321 million in power in April and May,
about 10% more than Davis' analysts had projected.
Hidlago said that was because of hot weather in May and other supply problems
in April. He said reports will show that power purchases fell short of state
projections in June and early July.
The reports also will show that prices paid by the state were down in June
and July, partly because spot prices have fallen sharply, often to well under
$100 a megawatt-hour.
A summary Department of Water Resources report released Monday credited
Davis' program of nurturing new power generation and establishing long-term
power contracts with with "moving the California electric energy industry
closer to normalcy."

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

California; Metro Desk
Duke Energy Asked to Allow Release of Data Power: Senator says the generator
is refusing to make public some information crucial to the price-gouging
probe. Firm says it's complying.
CARL INGRAM
TIMES STAFF WRITER

07/10/2001
Los Angeles Times
Home Edition
B-8
Copyright 2001 / The Times Mirror Company

SACRAMENTO -- The chairman of a Senate committee probing suspected price
gouging during the California energy crisis charged Monday that Duke Energy
is refusing to allow him to make public information key to his investigation.
Sen. Joe Dunn (D-Santa Ana) said Duke has made the price bidding information
from its Chula Vista plant available to committee members and staffers. But
under a federal confidentiality rule, the data cannot be made public without
Duke's consent.
The documents concern the Chula Vista plant, which former employees have
alleged was ramped up and down to drive up power prices during three days in
January. However, state records show that the agency overseeing the
electricity grid ordered those gyrations to keep the power flowing throughout
the state.
Dunn said Duke's refusal thwarts the committee's investigation and efforts to
enact possible remedial legislation because the confidential information
cannot be shared with others in the Legislature or the public.
Dunn said Duke cited a rule of the Federal Energy Regulatory Commission that
gives the company the authority to decide which records it makes public and
which stay secret.
"The only one who can release the data is Duke. We agreed to be bound by what
is provided in the FERC tariff, nothing more or less," he said.
Former Employees Tell of Maneuvers
Dunn noted that the committee is considering trying to obtain the information
elsewhere and "release it over Duke's objections."
Three former workers at the Duke plant near Chula Vista testified last month
under oath that the plant, among other things, was ramped up and down in what
seemed to be an effort to maximize revenue during the Jan. 16-18 emergency.
But Duke countered immediately that it had merely obeyed orders of the
California Independent System Operator, which keeps the state's electricity
grid in balance. Duke later provided Cal-ISO documents backing up its
explanation.
Duke executives insisted that the former employees failed to provide a full
picture of the plant's operation during the three days.
But Dunn, chairman of the select Senate committee on alleged price gouging,
said Monday that by refusing to authorize release of all the subpoenaed data,
Duke was guilty of the same tactics.
"Duke is trying to draw the impression that it has [provided] the full
picture. But they are fully aware that we cannot draw any final conclusions
until all that data has been released. That hasn't occurred," Dunn said.
To make a determination whether the Chula Vista power was withheld to drive
up prices, Dunn said, the committee must publicly examine "the bids Duke
submitted from which the ISO issued orders to the plant." They include the
expensive hour-ahead and day-ahead markets, he said.
Duke, a North Carolina-based wholesaler that operates several plants in
California, noted that it considers the information proprietary and
off-limits to legislators not on the committee.
Duke spokesman Tom Williams insisted that the generator is attempting to
comply with the committee's demands. But he was unable to say whether Duke
would agree to make the bidding documents public along with other records the
committee plans to turn over.
"We are complying now," Williams said. "There is some suggestion that we are
leaving stuff out when we have not had a chance to testify. . . . I don't
know what we are ultimately going to do."
The committee had threatened to cite eight wholesale generators unless they
provide pricing and bidding documents by Wednesday. Six, including Duke, have
said they would comply to avoid a contempt citation. Two, Enron and Mirant,
were cited.
Dunn said the committee on Wednesday likely will give companies that are
trying to comply an extra week to do so, but others probably will be formally
charged with contempt in a report to the full Senate. The upper house is the
final arbiter of such issues.
Although there is scant precedent for levying penalties against those cited
for contempt, Dunn said he favors imposing severe fines. In 1929, the most
recent case, a cement company executive was sent to jail.

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

July 10, 2001
Houston Chronicle
California to get plan for refunds
Officials celebrate judge's proposition
By DAVID IVANOVICH and LAURA GOLDBERG
Copyright 2001 Houston Chronicle
WASHINGTON -- Power companies failed Monday to reach agreement with
California over how much to pay in refunds for alleged overcharging during
the state's electricity crisis.
And so the judge who tried to mediate those talks will recommend a plan that
would generate "hundreds of millions, and maybe $1 billion" worth of refunds,
a far cry from the $8.9 billion California has demanded.
A marathon, 15-day negotiating session between California and a collection of
power generators that included Houston-based Reliant Energy, Enron Corp.,
Duke Energy North America, Dynegy and El Paso Corp. ended without the parties
coming close to clinching a deal.
"In 15 days you can't work miracles," said Curtis L. Wagner, the
administrative law judge overseeing the talks at the Federal Energy
Regulatory Commission.
As a result, Wagner will propose the five-member commission adopt a plan that
would result in at least some refunds for power sold between October 2000
through May.
California officials quickly seized on that point to claim victory.
Michael Kahn, head of the California Independent System Operator, called
Wagner's plan a "ringing endorsement" of his states' claims that refunds are
necessary.
But Wagner's methodology for determining how those refunds should be
calculated tilted toward the power generators' position in many key respects,
hence the wide disparity between his ballpark estimates and California's
claims.
Wagner noted that he had not run the numbers under his methodology. Instead,
he will recommend regulators hold hearings within 45 to 60 days to determine
exact refund totals.
California officials insisted the final refund dollars will total "multiple
billions." And they left open the very real possibility they will sue in
federal court to recoup the remaining dollars they believe they are owed.
California Gov. Gray Davis, who has been a vociferous critic of the
commission, went on the offensive again Monday.
"While in the past the FERC has shown little, if any, interest in consumers,
they now have the opportunity to redeem themselves by returning the $8.9
billion California has demonstrated it is owed," Davis said in a prepared
statement.
During the negotiations, the electric power companies, marketers and other
suppliers offered to pay $716.1 million, never coming anywhere close to
California's demands.
"Not surprisingly, the energy pirates that bilked rate payers out of billions
of dollars stonewalled and refused to negotiate in good faith with our team
in Washington," Davis said in his last salvo at the out-of-state generators.
California wanted Reliant, for instance, to pay $376 million in refunds, said
John Stout, senior vice president for asset commercialization for Reliant's
Energy Wholesale Group.
But that's nearly three times the $127 million operating margin the company
garnered from its California operations between October and May, according to
a filing the company made with the Securities and Exchange Commission last
week.
Stout said Reliant offered to pay slightly less than $50 million.
"We were essentially offering to refund one third of the operating margin
over the relevant period," Stout said.
But Davis contends: "The energy generators and suppliers refused to recognize
their responsibility to the people of California and own up to their
profiteering."
California's claims for $8.9 billion include sales starting in May 2000. But
Wagner only considered claims from October onwards. That meant $3 billion of
California's claims were not part of the settlement talks.
"For California to continue this bogus claim of $8.9 billion, I think just
shows that they are not interested in any kind of a settlement," Enron
spokesman Mark Palmer said. "They are just interested in creating a whipping
post. The last thing that the political leadership in California wants to do
is take responsibility for the problem they created."
Joel Newton, regulatory counsel for Dynegy and a spokesman for a coalition of
generators, argued that California's analysis did not account for last year's
rise in natural gas prices, high environmental costs and transportation
constraints for both electricity and natural gas.
The settlement talks were organized not only to try to resolve the
differences over refunds but other outstanding disputes stemming from
California's power debacle.
California, trying to move away from its dependence on power purchases from
the spot market, has been trying to line up long-term power contracts.
As of June 12, the state had signed deals totaling $42.8 billion with 18
different suppliers. As a result, California purchased only 1.9 million
megawatt hours of power on the spot market, down from 4 million in May.
But with a slew of civil and potentially criminal investigations, some power
companies have been loathe to sign long-term deals while those disputes are
still outstanding.
The power companies pushed, as part of the settlement negotiations, to have
those other investigations dropped. But California officials refused.
"We're disappointed that we were unable to reach a global solution," said
Dynegy spokesman Steve Stengel.
California is not the only Western state seeking refunds. Other states in the
region have their own claims, totaling more than $6 billion.
Wagner has proposed holding a separate negotiating session for those states,
arguing that their concerns had been given short shrift in the settlement
talks because of the central battle with California.

INDIA: CEO of Enron's Indian unit Dabhol quits.

07/10/2001
Reuters English News Service
(C) Reuters Limited 2001.

BOMBAY, July 10 (Reuters) - The president and chief executive officer of
Enron Corp's Dabhol Power Company, which is involved in a drawn out row with
an Indian utility, has quit following the expiry of his contract, a Dabhol
spokesman said on Tuesday.
Neil McGregor, who has been involved in crucial discussions to solve a more
than six-month-old dispute with the Maharashtra State Electricity Board
(MSEB) over payment defaults and high tariffs, will leave for Singapore soon
to pursue other opportunities, the spokesman added.
"My contract expired on June 30. I have decided against its renewal and will
pursue other challenges elsewhere in the global utility sector," McGregor
told the Press Trust of India.
The wrangle has affected India's image among foreign investors and threatens
nearly $3 billion of foreign investment.
Dabhol is building a $2.9 billion, 2,184 MW plant in the western Indian state
of Maharashtra in two phases. The first phase of 740 MW is up and running,
while the second phase of 1,444 MW is 97 percent complete.

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

US Enron Chmn Confirms India Dabhol Pwr CEO's Resignation

07/10/2001
Dow Jones Energy Service
(Copyright (c) 2001, Dow Jones & Company, Inc.)

NEW DELHI -(Dow Jones)- U.S. energy major Enron Corp.'s (ENE) chairman,
Kenneth Lay, confirmed Tuesday the resignation of Neil McGregor, president
and chief executive of Enron India's subsidiary Dabhol Power Co.
"Yes, Mr. McGregor's contract with us ended, and he decided to move on on his
own. He did a good job with us," Lay told reporters.
Earlier Tuesday, India's Economic Times reported McGregor had stepped down
from his post "to pursue other projects."
Enron India's managing director, K. Wade Cline, will assume the additional
responsibility of managing operations of Dabhol Power, the report said. - -
10/07/01 07-12G

Lay said a meeting with Federal Finance Minister Yashwant Sinha earlier
Tuesday aimed at resolving a prolonged payments dispute between DPC and its
principle buyer, the Maharashtra State Electricity Board, ended
inconclusively.
"We discussed the problems of the Dabhol project. We discussed the avenues to
end those problems. We haven't come to any conclusion today. We didn't expect
to come to any conclusion today. We're certainly very hopeful that the
problems of Dabhol Power Co. can, and will be resolved fairly quickly," Lay
said.
Enron Corp. has a 65% controlling stake in the US$2.9 billion Dabhol Power
Project, India's single largest foreign investment. Other shareholders
include General Electric (GE) with 10% and Bechtel Group Inc. (X.BTL) with
10%.
The MSEB has defaulted on payments totaling US$48 million to DPC, which was
providing electricity from its 740 megawatt power plant located south of
Maharashtra's capital, Bombay.
In May, Enron served a preliminary termination notice on the MSEB, which
stopped buying power from Dabhol.
DPC said in June that contractors halted work on Phase II due to payment
defaults. Continuing defaults by the MSEB is making it almost impossible for
DPC's lenders to disburse additional funds for Phase II construction.
The stoppage will add to overall project cost, Lay said, adding this was
beyond the company's control.
Lay said construction of Phase Two, including the company's liquified natural
gas import facility, is 85% complete.
-By Himendra Kumar, Dow Jones Newswires; 91 11 4619426;
himendra.kumar@dowjones.com

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

Enron's Kenneth Lay on its $3 Bln Indian Power Project: Comment
2001-07-09 09:56 (New York)

     New Delhi, July 9 (Bloomberg) -- Kenneth Lay, chairman of
Enron Corp., the world's biggest energy trader, on its $3 billion
India unit Dabhol Power Co.
     Lay met India's Power Minister Suresh Prabhu in New Delhi
today. He was accompanied by Wade Cline, managing director of
Dabhol Power.

     ``We had a productive conversation. Obviously there are
problems and differences and they need to be solved.''

     Dabhol and the Maharashtra State Electricity Board, its only
customer, have been quarrelling for the past seven months over
unpaid bills. The board no longer buys power from the unit and
construction work on the second phase of the plant was stopped
last month after lenders stopped funding it.

     ``We are working hard and are committed to finding a solution
for investors'' in the project, India's biggest foreign direct
investment yet.
     ``It's premature to say whether we will pull out'' of the
project. ``We have been and remain committed to India.''

MORE WORK NEEDED TO REVIVE INDIA'S DABHOL PROJECT: ENRON CHIEF

07/10/2001
Asia Pulse
(c) Copyright 2001 Asia Pulse PTE Ltd.

NEW DELHI, July 10 Asia Pulse - Enron Corporation said that more work was
needed to review its controversial Dabhol power project, which is embroiled
in a payment dispute with Maharashtra State Electricity Board.
"We did not come to any conclusion and we did not expect to come to any
conclusion. More work is required by us and the government to review the
project," Enron Corporation Chairman Kenneth Lay told newspersons after
meeting Finance Minister Yashwant Sinha.
Enron promoted Dabhol Power Company (DPC) and MSEB are locked in a payments
dispute which provoked Enron to serve a preliminary termination notice to the
utility, which in turn stopped buying power from 740-MW phase-I of Dabhol
project.
The US energy giant, which holds 65 per cent interest in DPC, has stopped
construction of the 1,444 MW second phase of the project after completing 85
per cent of the work, Lay said.
"It is in the government's and the country's interest to revive the project,"
he said while expressing optimism that an amicable solution to the problem
would be found soon.
Lay, who had a two-hour long meeting with Power Minister Suresh Prabhu
yesterday to discuss the fate of the project, said that the solution should
take care of the interests of both India and investors.
Lay, who flew here yesterday, would meet Maharashtra Chief Minister Vilasrao
Deshmukh tomorrow in a bid to resolve the stand-off with MSEB.
(PTI) 10-07 1942

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

Financial Post: Canada
Tropic Networks reveals investors: $60-million financing
Kim Hanson
Financial Post

07/10/2001
National Post
National
C04
(c) National Post 2001. All Rights Reserved.

Tropic Networks Inc., an Ottawa-based optical networking firm, will announce
today that Enron Broadband Services, a subsidiary of Enron Corp. and Anschutz
Investment Co. were key investors in Tropic's previously announced
US$60-million financing.
Enron is the biggest energy trader in North America. Anschutz Co. is the
financial arm of Anschutz, based in Denver. Tropic Networks makes hardware
and software that allows major telecommunication companies to deliver
high-bandwidth data over fibre-optic lines.
In February, the company announced the financing, which still ranks as one of
the largest financings to be completed in 2001 by a privately held Canadian
firm. The company will use the proceeds to expand marketing, sales and
research efforts.
Anschutz and Enron are members of Tropic's investor partner team, which
includes Crescendo Ventures, a US$1-billion venture firm in Palo Alto,
Calif., Goldman Sachs, Altamira, Raza Venture Funds, Celtic House
International, Kodiak Venture Partners and the Ontario Teachers' Pension Plan
Board, all of which invested in the latest round. To date, Tropic Networks
has raised US$67-million through two rounds of financing.

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

India: New engg consultant for Enron project likely

07/10/2001
Business Line (The Hindu)
Copyright (C) 2001 Kasturi & Sons Ltd (KSL); Source: World Reporter (TM) -
Asia Intelligence Wire

MUMBAI, July 9. INDIAN lenders to Enron's power project are likely to appoint
a new engineering consultant to work out the cost of different alternatives
to complete the Dabhol power project.
According to sources, Stone and Webster (S&W), the consultant which was given
the mandate to work out the costs of different options to complete the
project has not got back with its revised report. S&W was given the mandate
after a meeting of all lenders to the project in Singapore on June 5 and 6.
However, the lenders were not happy with the consultant as it had delayed the
report and had also failed to get the figures ratified by Enron. Even though
the lenders wrote to S&W asking it to rework the report, the consultant has
not done so, the sources said. Therefore, the lenders may change the
consultant, they said.
Meanwhile, the lenders are hoping that the Chairman of Enron Corporation, Mr
Kenneth Lay, would be able to thrash out a solution to the crisis.
According to sources, Mr Lay would be in a better position to take hard
decisions such as taking a hit on returns to reduce the cost of power
generated by Dabhol Power Company (DPC). But they said the company is
unlikely to back down on the demand for lifting the entire power produced by
it.
The Enron Corporation chief is scheduled to meet the Maharashtra Chief
Minister, Mr Vilasrao Deshmukh, tomorrow. Mr Lay, who is in Delhi meeting
with Union Ministers and bureaucrats, will reach here on Tuesday.
Mr Vinay Bansal, Chairman, Maharashtra State Electricity Board, and Mr Vinay
Mohan Lal, State Energy Secretary, are also likely to attend the meeting,
sources said.
He would meet Indian lenders on Wednesday. According to sources, he will meet
the IDBI Chairman, Mr S.K. Chakrabarti. It is, however, not known if
representatives of other lenders would be present. Mr Lay's meeting with the
Chief Minister assumes an added significance as the Democratic Front
Government is toying with the idea of ordering a judicial probe into the
Enron issue. A decision on the issue was to be taken at the meeting of the
Democratic Front Co-ordination Committee last week. However, a final decision
was postponed to July 11.
Mr N.D. Patil, Convenor of the Democratic Front, told Business Line that the
July 11 meeting would be the last one on this issue. "We would not have
another meeting on Enron. Whatever be the decision, it would be made on July
11," Mr Patil said.
According to sources, at the last co-ordination panel meeting, a decision had
almost been taken to order a judicial probe. However, it was deferred at the
last minute, probably in view of Mr Lay's visit, they said.
Dinesh Narayanan

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

India: Centre firm on Dabhol

07/10/2001
Business Line (The Hindu)
Copyright (C) 2001 Kasturi & Sons Ltd (KSL); Source: World Reporter (TM) -
Asia Intelligence Wire

NEW DELHI, July 9. THE Centre today stuck to its guns and refused to
entertain Enron worldwide chief, Dr Kenneth Lay's request for buy-out of the
plant by a Central utility.
In a meeting spanning nearly two hours between the Enron Chairman, Dr Lay,
and the Power Minister, Mr Suresh Prabhu, the former sought an expeditious
process to resolve the Dabhol issue either way.
Sources pointed out that the Enron chief had requested the Government to firm
up a solution within the next two-to-three months to enable the company to
take an investment decision on the Dabhol project.
In other words - whether to pull out of the project or to stay on.
Dr Lay will also be meeting the Finance Minister, Mr Yashwant Sinha, besides
the Leader of the Opposition, Ms Sonia Gandhi, on Tuesday.
He will then go to Mumbai to meet leaders of the ruling NCP combine to
ascertain the State Government's sentiments.
During the meeting, Mr Prabhu communicated to Dr Lay the Centre's support
towards a workable solution acceptable to the stakeholders - namely, the
State, the Centre and the consumers.
Besides Central intervention by way of buy-out of the Dabhol plant, Dr Lay
discussed various other options, including third party sale to identified
consumers, willingness to reduce tariff by 10 per cent, etc. - options which
have already been discussed in the past by the Energy review committee set up
the Maharashtra Government.
A good part of the meeting was also spent discussing the power shortage
crisis in California.
Emerging from the meeting, Dr Lay said, "It was a productive meeting and we
had constructive discussions. Dabhol is a difficult problem but we agreed
that it needs to resolved quickly. I will be meeting the Government of
Maharashtra later this week. We are committed to finding a solution."
Earlier in the day, Dr Lay met with the Finance Secretary, Mr Ajit Kumar.
Our Bureau

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

Enron has no immediate plan to quit India, says Lay
Our Economy Bureau NEW DELHI

07/10/2001
Business Standard
3
Copyright (c) Business Standard

Enron has no immediate plans to quit India. The high-profile chairman of
Enron Corp, Kenneth Lay, told reporters after a two-hour long meeting with
Union power minister Suresh Prabhu that it was premature to talk about Enron
's exit from the Dabhol power project at this juncture.
"We had been, and are committed to India," said Lay. He added that the
problem was complex and Enron was working on finding a solution. Sources said
that Lay in his meeting with Prabhu discussed various possibilities
associated with Enron's future in the Dabhol power project.
They added that the Enron chief outlined the conditions for staying with the
project. The other option discussed for solving the Dabhol imbroglio was to
find a buyer. AES and a few other companies have already shown interest in
taking over the project.
Sources said that in today's meeting the terms on which Enron would like to
sell its stake to the buyer was also discussed in detail.
They, however, added that Lay didn't place any alternative proposal to solve
the ongoing DPC-MSEB payment problem.
Lay said that the company would hold further consultations with the power
ministry. The Enron chief is slated to meet finance minister Yashwant Sinha
tomorrow and Maharashtra Chief Minister the day after to discuss the issue.
Earlier in the day, Enron India CEO K Wade Cline met finance secretary Ajit
Kumar to apprise him of the Enron's viewpoint on its future association with
the Dabhol project. Cline told reporters after the meeting that they wanted
to prepare both the sides for the subsequent meeting with the finance
minister.
He added, "There are a variety of options facing us with the project and we
are just trying to work through them." Cline said that Enron's plans with the
Dabhol project would depend on how the government responded to the options
outlined by them.

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

Enron seeks CII's help on Dabhol
Surajeet Das Gupta New Delhi

07/10/2001
Business Standard
1
Copyright (c) Business Standard

Enron Corporation chairman Kenneth Lay had a quiet meeting today with
Confederation of Indian Industry brass where they discussed ways to resolve
the Dabhol Power Corporation imbroglio.
The one-hour meeting, called on Enron's request, was attended by CII
president Sanjiv Goenka and director-general Tarun Das. Enron was represented
by Lay and his team. While details of the meeting are not clear, Enron is
believed to have sought CII's help in finding a solution to the Dabhol issue.
Lay and his team also briefed the CII brass on the various meetings they
would be having in Delhi and Mumbai.

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

Business
TAKING STOCK
Enron takes some heat, but rates a `buy'
Andrew Leckey, Tribune Media Services

07/10/2001
Chicago Tribune
North Sports Final ; N
8
(Copyright 2001 by the Chicago Tribune)

Q. I purchased Enron at $46 a share and it rose to nearly $90. It has since
plummeted back to around my purchase price. Will the company fare better in
the future?
A. It's been a tough year for this Houston-based oil, natural gas and
communications trader, even though it beat earnings expectations in its
latest quarter and future prospects remain promising.
Enron (ENE) is owed $580 million by bankrupt Pacific Gas & Electric. The
company has also been lambasted by California officials who believe it and
other energy firms forced electricity prices upward by holding back supply.
Jeffrey Skilling, chief executive and president, was hit by a pie hurled by a
protestor on a recent visit to San Francisco, indicative of public sentiment
there toward Enron. Skilling places the blame for the current energy crisis
on California regulators.
Meanwhile, plans to sell Enron's Portland General unit to Sierra Pacific
Resources for $3 billion have gone awry because of that Nevada utility's
financial problems.
Enron also pulled out of a 20-year deal with Blockbuster Video to deliver
movies over the Internet.
In the international front, the government of India asked for the third time
in seven years to renegotiate its contract with the Dabhol Power Co., which
is 65 percent owned by Enron. Construction on the second phase of the
troubled Dubhol power plant has been halted because of unpaid bills.
Amid all this turmoil, shares of Enron are down 43 percent in value this
year, a dramatic departure from last year's gain of 89 percent and 1999's
increase of 58 percent.
But at its reduced stock price, it currently rates a solid "buy"
recommendation from the Wall Street analysts who follow it, according to the
Boston-based First Call research firm. That consists of 11 "strong buys,"
four "buys" and one "hold."
Enron's core business of electricity and natural gas trading remains strong
and growing. The company's earnings are expected to increase 18 percent this
year, versus 20 percent for the utility industry. Next year's projected 15
percent increase compares to 7 percent for its peers. The predicted five-year
annualized growth rate for the company is 16 percent.
The firm is also involved in the development of an intelligent network
platform to provide bandwidth management services and the delivery of high
bandwidth communication applications. The broadband services division posted
a $35 million loss in the most recent quarter.
----------
Andrew Leckey answers questions Sunday in Business and Tuesday in Your Money.
Address inquiries to Andrew Leckey, P.M.B. 184, 369-B Third St., San Rafael,
Calif. 94901-3581, or by e-mail at andrewinv@aol.com.

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

Power Producers' 2Q Bolstered By April, May Prices
By Kaja Whitehouse
Of DOW JONES NEWSWIRES

07/09/2001
Dow Jones News Service
(Copyright (c) 2001, Dow Jones & Company, Inc.)

NEW YORK -(Dow Jones)- Independent power producers should meet analysts'
second-quarter earnings targets, with increased production offsetting
tempered June prices.
Electricity prices remained healthy this quarter, especially in April and
May. But the value of power cooled in June, weighed down by falling natural
gas prices, mild weather and battling politicians, analysts said.
Power generators scrambled to pump up June volumes to offset the price drops,
analysts said. With increased production because of development and
acquisitions, generators sold more power this quarter than last year, said
Barry Abramson, an analyst at UBS Warburg.
Many in the group are expected to post earnings growth of as much as 20.
Second-quarter earnings generally fall below the first-quarter results
because the mild weather decreases the demand for heating and the need for
air conditioning usually hasn't fully kicked in.
The only glitch was the sudden and precipitous drop in June power prices,
analysts said. The cost of one megawatt of power during peak hours in
Southern California plummeted to an average June high of $83 from highs of
$275 in May. Power prices in the Northeast dipped to an average June high of
$44 from $60 in May.
Analysts cited tepid natural gas prices, which help determine the price of
electricity as a common fuel for generation.
"Gas prices in June collapsed," said Chris Ellinghaus, an analyst at Williams
Capital Group. In Southern California, the fuel cost power generators $7 per
million British thermal unit on the wholesale natural gas market mid-June,
versus $10.50 per BTU from just a month prior.
Lower gas prices added pressure to generators that supplied electricity to
markets with cooler weather compared with last year. Sellers to Northeast
markets suffered an average loss of $20 per megawatt in peak May and June
hours this year due to the cooler weather.
But of those power generators exposed to Northeast markets, only NRG Energy
Inc. (NRG) was expected to show some weakness. The Minneapolis company
already said it expects second-quarter earnings of 21 cents to 22 cents a
share, below analysts' previous expectations of 31 cents. As one of the
smaller generators, NRG had "less opportunity to make it up elsewhere," said
Gordon Howald, utility analyst at Credit Lyonnais Securities.
Analysts now see NRG Energy posting 22 cents a share in the second quarter,
according to a Thomson Financial/First Call survey. That is down from last
year's second-quarter profits of 28 cents a share.
Generators that serve Western power markets are expected to profit again from
the regions' burgeoning demand and volatile spot market sales. The spot
market sells electricity contracts like a commodity, and has been fetching
high premiums as Western demand continues to outpace supply.
Several companies already said they expect to meet analysts' profit targets,
despite efforts by the government to implement price controls on the
wholesale market.
Houston's Enron Corp. (ENE) said it expects to meet the Thomson Financial
consensus of 42 cents a share in the second quarter and $1.80 for the year.
Last year, Enron posted earnings of 34 cents a share in the second quarter.
Atlanta's Mirant Corp. (MIR) said it expects to achieve previously targeted
earnings of 45 cents to 50 cents a share, in line with analysts' estimates of
46 cents for the quarter. Last year, Mirant posted 25 cents a share in the
second quarter.
Generators that have tied their production to future contracts in the West,
such as Calpine Corp. (CPN) and Duke Energy Co. (DUK), are also expected to
show strong results. Calpine is considered immune to spot market
investigations brewing in California. As the provider of more than half of
California's long-term power contracts, the producer is viewed by government
officials as one of a few helping the state keep its lights on.
Additionally, the generator has wiped away fears that it would one day be
swamped with unpaid bills by its largest customer, PG&E Corp.'s (PCG) Pacific
Gas & Electric. The utility, which filed for bankruptcy protection in April,
agreed in early July to pay money owed to the generator, as long as a
bankruptcy court approves.
Calpine is also considered a strong player because of its natural gas
reserves. According to Thomson Financial, analysts estimate Calpine will post
earnings of 30 cents a share in the second quarter, above last year's
earnings of 19 cents a share.
Duke Energy Corp. (DUK), Charlotte, N.C., is expected to post earnings of 52
cents a share in the second quarter, according to Thomson Financial. That is
above last year's earnings of 44 cents a share.
Increased production through acquisitions are also expected to boost earnings
for many generators this quarter. AES Corp.'s (AES) exposure to tumultuous
Brazil markets is expected to be offset through recent expansion to other
South American countries such as Colombia, Venezuela and Argentina. The
Arlington, Va., company is expected post earnings 30 cents a share for the
second quarter, above last year's earnings of 25 cents a share.
As for the third quarter, analysts are divided about how they expect the
generators to fare. Of course, the summer heat should drive demand, but
volatility on the spot market may be tempered across the nation by price
controls in California, analysts said.
Already, California is said to be reducing the amount of energy it buys on
the spot market in an effort to rein in prices. That should benefit companies
like Calpine, which sells its production by long-term contracts. But those
that rely on spot market sales across the country could be hit, especially if
other deregulated states request similar price caps, analysts said.
There is also concern that some generators will be asked to return some
portion of $9 billion in power sales that California officials allege were
overcharged. But settlement talks end today, and shouldn't yield results soon
enough to affect second-quarter results, Howald said. "Second quarter should
be unscathed," he added. -By Kaja Whitehouse, Dow Jones Newswires;
201-938-5393
kaja.whitehouse.dowjones.com

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

Enron's Kenneth Lay on India's Dabhol Power Project: Comment
2001-07-10 06:10 (New York)

     New Delhi, July 10 (Bloomberg) -- Kenneth Lay, chairman of
Enron Corp., the world's biggest energy trader, speaks after talks
with India's Finance Minister Yashwant Sinha about its $3 billion
Dabhol Power Co. unit.
     Dabhol and the Maharashtra State Electricity Board, its only
customer, have been quarrelling for the past seven months over
unpaid bills. The board no longer buys power from the unit and
construction work on the second phase of the plant was stopped
last month after lenders stopped funding it.

     ``We've had a very productive meeting with the minister of
finance. We discussed the problems with the Dabhol project (and) a
number of different avenues to try and resolve the difficulties.
     ``We didn't come to any conclusions today and didn't expect
to come to any conclusions. It will take more work from us and the
governments of Maharashtra and India. We are very hopeful that the
problems can and will be resolved fairly quickly.
     ``It's in everybody's best interest, the government of India,
the U.S., investors, the government of Japan. We have many
government financial entities involved in this project, the Export-
Import Bank of the U.S. and OPIC (Overseas Private Investment
Corporation) have about $400 million of debt involved in the
project.
     ``The Japanese export bank has about $350 million invested in
the project. The LNG (liquefied natural gas) contracts are with
the governments of Oman and Abu Dhabi. Private sector investors
include Enron, General Electric and Bechtel.
     ``So you have a lot of interest here that would like to see
this resolved fairly quickly.''
     The second phase of the project ``is about 85 percent
complete including the LNG facility. But with non-payments by the
Maharashtra State Electricity Board, the lenders and equity
investors were not willing to continue providing the financing for
completing the construction. Now, it's been demobilized.
     ``This will add additional cost to the project ultimately and
delay its start. We could not avoid that and very much regret it
because Dabhol, both phase one and two as well as the LNG
facility, are great for Maharashtra and for India.''

Prosecutors to Get Reliant, Mirant, Dynegy Documents (Update1)
2001-07-09 19:05 (New York)

Prosecutors to Get Reliant, Mirant, Dynegy Documents (Update1)

     (Adds comments from Oregon in fifth paragraph, background in
seventh paragraph, company comment in 11th paragraph.)

     Los Angeles, July 9 (Bloomberg) -- California's attorney
general can share with Oregon and Washington documents he
subpoenaed from Reliant Energy Inc., Mirant Corp. and Dynegy Inc.
in an electricity price-collusion probe, a state judge ruled.
     Los Angeles Superior Court Judge George Wu today said
California Attorney General Bill Lockyer can release the
information July 12. The generators told the court they plan an
immediate appeal and will ask a higher court to bar distribution
of the papers.
     The states, California's grid manager and Senate, and the
Federal Energy Regulatory Commission are among the agencies
looking into whether generators illegally manipulated the Western
electricity market to charge record prices.
     California is months into an energy crisis that has brought
rolling blackouts and the bankruptcy of PG&E Corp.'s Pacific Gas &
Electric. The documents will advance state probes; if generators
are charged and found guilty of violating state law, they may face
civil or criminal penalties.
     ``The court orders that unless a stay is granted by the Court
of Appeal, the protective order will be lifted as to the
Washington and Oregon attorneys general'' on July 12, Wu said in
an order after hearing oral arguments today.
     The three states are pursuing separate investigations and
each agreed months ago to share any information that could help
the others, said Kevin Neeley, spokesman for Oregon Attorney
General Hardy Myers.
     Oregon's investigation ``has been relatively slow going,''
Neeley said, noting that the state was having difficulty getting
documents.

                    Looking for Refunds

     Wu two weeks ago ruled that Lockyer could share documents
with other California agencies.
     The attorney general and other agencies are investigating
most major generators, such as Duke Energy Corp. and Enron Corp.
Mirant, Dynegy and Reliant were the only companies to challenge
Lockyer's right to share documents.
     Also today, two weeks of Federal Energy Regulatory Commission
talks between power sellers and California on overcharges ended
without an accord. California says it is due a refund of $8.9
billion. The companies say they're still owed money for past power
deliveries.
     Houston-based Dynegy spokesman Steve Stengel said his company
is ``confident that if in fact the attorney general turns over the
documents, any information will be kept confidential'' as
stipulated in the subpoena order.
     Spokesmen for Houston-based Reliant and Atlanta-based Mirant
declined to comment. Reliant shares rose 9 cents to $32.49, Mirant
shares rose $1.58 to $38.35 and Dynegy shares rose 48 cents to
$46.85.


FYI -

A new (shell) Master Financial Agreement has been established in Global Contracts for EOL purposes until the executed originals are received from legal.  I have updated this contract number in EOL's Profile Manager.  Please call me at 5-4435 if you have any questions.

Counterparty:
PPL EnergyPlus, LLC
CP ID Number:
65165
Contract Number:
96083555
Profile Manager Updated On:
10/19/01

Thanks,
Georgi


Sara,

I am available all day wednesday but will be out of the office on Thursday.  Let me know when you would like to meet.

Thanks,

Kim

From:	Sara Shackleton on 04/20/2001 04:33 PM
To:	Jason R Williams/Enron@EnronXGate, Kim Ward/HOU/ECT@ECT
cc:
Subject:	Salt River Project ("SRP")

Just spoke with Mark Russell.  SRP will be in Houston next week on Wednesday and Thursday and would like to meet to discuss the ISDA with legal and credit.  I told Mark that I was available Wed. and Thurs. morning.  Are you guys available at the same time?

Jay - please call me with your bond rating info so that I can email a draft agreement to SRP.

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


Just a quick note in response to several emails regarding this Friday.

YES INDEED, Friday Night WINE BAR at Christopher's will be in full swing
this Friday night from 6 until 10 PM.

As always, we will be showcasing 45 wines by the glass and our Chef will be
offering 5 special "Plats du Jour".  Our wines by the glass are offered at
retail prices ranging from $4 to $15, and our "Plats" range from $10 to $22.50.

No reservations are required, but get here early for the best seating.  Or,
come in around 9 PM for later seating.

See y'all there.

Christopher
"BEST WINE STORE" Houston Press 2001


Below is the availability of alternate rooms at the Inn at Spanish Bay for
March 8-11, 2001:

Forest View Room @$425/night - some double queen size currently available.
Scenic View Room @ $475/night - no double accommodations available and single
rooms are sold out.
Ocean View Room @$525/night - some double queen size currently available.

If you would like to pay by credit card, I will need the type of card,
number, name & expiration date on the card.  Along with the credit card
information, I will need to know the names of the other 3 people attending.

I have reserved golf for Friday, March 9th at 7:20 a.m. at Links at Spanish
Bay and Saturday, March 10th at 12:00 p.m. at Pebble Beach Golf Links.

Room availability is tight so we should move on this as soon as possible.
Please let me know how you would like to proceed with this event.
THANKS!


We think the broker's right - can't read Mark's handwriting - but I can't
change the price until they're done with the calc - about 20 min. I'll let
you know.

Kate

Kerri Thompson@ENRON
03/12/2001 02:55 PM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: apb

but the broker has 207.50?

---------------------- Forwarded by Kerri Thompson/Corp/Enron on 03/12/2001
04:56 PM ---------------------------

Kerri Thompson
03/12/2001 04:09 PM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: apb

missing deals for mark

sell mirant
april
25 mw
207.50
pv

sell mirant
april
25 mw
205.00
pv


Louise,

Attached is the updated list.  I've added your name to the Wholesale Executive Management section.

Thanks,

Andrew

 -----Original Message-----
From: 	Kitchen, Louise
Sent:	Monday, September 17, 2001 10:03 PM
To:	Killen, Faith
Cc:	Parsons, Andrew
Subject:	RE: Contingency Floor

Obviously not - until they give me a desk!

Then OK

 -----Original Message-----
From: 	Killen, Faith
Sent:	Monday, September 17, 2001 7:20 PM
To:	Kitchen, Louise
Subject:	FW: Contingency Floor
Importance:	High

Hi Louise,
Are you in agreement with these charges, and which team should I apply them to (trading teams vs OOC)?

 -----Original Message-----
From: 	Leschber, Edie
Sent:	Monday, September 17, 2001 7:19 PM
To:	Killen, Faith
Subject:	FW: Contingency Floor

 -----Original Message-----
From: 	Clemings, Gwen
Sent:	Thursday, September 06, 2001 1:31 PM
To:	Leschber, Edie
Subject:	Contingency Floor

Hi Edie!

I have attached two files that I received from Andrew Parsons for Enron America's headcount on the contingency floor. Per Andrew, he discussed this project, (which will provide traders with an alternative workspace should the need arise), with Louise Kitchen.  This expense project is being carried on Net Works books and will be allocated out to the business units using project settlement rules in the Project System module of SAP. This project will cover the period September  through December, 2001 and should cost approximately  $ 750K in total .  I will need a cost center or account or project, etc. to charge Enron America's share ( .270 for power and .402 for gas) of the costs.

Thank you for your prompt attention!

Gwen
X33904

 << File: Gas List.xls >>
 << File: Power List.xls >>


call this guy listed below
---------------------- Forwarded by Scott Neal/HOU/ECT on 11/13/2000 02:55 PM
---------------------------

Jim Schwieger
11/13/2000 12:19 PM
To: Scott Neal/HOU/ECT@ECT, Rodolfo Freyre/SA/Enron@Enron
cc: Paul Bieniawski/Corp/Enron@ENRON
Subject: Above ground storage

Scott:
I would suggest referring them to Paul Bieniawski at 713-345-8641.

 Swig
---------------------- Forwarded by Jim Schwieger/HOU/ECT on 11/13/2000 12:14
PM ---------------------------

Scott Neal
11/12/2000 07:12 PM
To: Jim Schwieger/HOU/ECT@ECT
cc: Rodolfo Freyre/SA/Enron@Enron
Subject: Above ground storage

Jim,

Any thoughts or guidance on the question below?

Scott
---------------------- Forwarded by Scott Neal/HOU/ECT on 11/12/2000 07:11 PM
---------------------------

Rodolfo Freyre@ENRON
10/25/2000 12:13 PM
Sent by: Rodolfo Freyre@ENRON
To: Scott Neal/HOU/ECT@ECT
cc:
Subject: Above ground storage

Scott,

Any idea who could help us understand alternatives on "above ground storage"
within North America?

Thanks,

Rolo


Hi!  I'm excited for a ski weekend!  I'm pretty much available any weekend
other than in December.  Early Feb could be very fun in Vail/Beaver Creek!

At 09:36 PM 10/30/01 -0600, PATRICIA TLAPEK wrote:
>Ok, Ladies,
>
>John Tlapek called tonight....we discussed a ski trip....he wanted me to ask
>everyone for an alternative time to go, other than New Year's Eve......
>
>Will each of you email me weekends in Dec/Feb/Mch, that you are currently
>available...and I will match them together for
>all 5 of us...and provide John w/ one or two dates...
>
>THANKS, TAKE CARE,
>TRICIA


Shane:  Here's the scoop

(1)  ENA has an existing ISDA Master Agreement with Citibank N.A.. dated as
of November 17, 1992.  The Master is not restricted to any particular type of
transaction but it clearly anticipates commodity and rate swaps.  ENA is the
Calculation Agent.  Also, only commodity transactions are netted.

(2)  Citibank proposed an amendment to this Master in February, 2000.  The
amendment was primarily to amend the collateral annex to INCREASE the
collateral threshold to USD 30 million for BBB (and above) rated entities.
It also states Citibank to be "multibranch" with NY and London offices acting
under the Master.  Apparently, the proposed FX language to be added to the
Master was dropped (I think in the interest of time).  Mollie Harris in
credit is trying to have Citibank sign the amendment.

(3)  ABN Amro is in my office ready for signature.  I will have it executed
and email you when done.  Samantha Boyd (Ext.39188) will help me with the
followup.

Please let me know if you have any questions.

	Shane Dallmann@ENRON_DEVELOPMENT
	08/14/2000 10:15 PM

		 To: Sara Shackleton/HOU/ECT@ECT
		 cc:
		 Subject: Re: Citibank N.A./ENA Master Agreement and CSA

Sara,

Does this mean we have an ISDA and it is just being revised, so I can
theoretically do a deal with them.

I also sent an email to Jason Peters ( don't know if he's still around)
regarding the ABN Amro futures agreement. Do you know anything about this one?

Regards,

Shane


<http://www.forestweb.com/digest/images/news/corps/197.gif>

PULP, WRITING & PRINTING PAPER 10/16/2001

Welcome to Enron's Pulp, Writing & Printing Paper News Service. This daily mailing brings the most recent news headlines right to your inbox. You may also receive this daily service specific to the following areas: 1) Recovered, Container & Packaging; 2) Newsprint; 3) Lumber. To join any of these lists, CLICK HERE <http://www.forestweb.com/fwsnippets/mailinglists/enron_lists.html>.

If you have any comments or feedback, simply reply to this email. If you would like to unsubscribe to the Pulp, Writing & Printing Paper News service, please scroll to the bottom of this email for instruction.

Thanks and enjoy.

Contents

Brazil's Klabin to absorb varied units in restructuring ( More <http://www.forestweb.com/digest/news.control.taf?_section=view&_function=detail&EDITION_ID=1910&_UserReference=59BC3917D0CC7BD93BCC64B2#story14357>...)
PACE strikes Purico at former Glatfelter paper mill in North Carolina ( More <http://www.forestweb.com/digest/news.control.taf?_section=view&_function=detail&EDITION_ID=1910&_UserReference=59BC3917D0CC7BD93BCC64B2#story14341>...)
Norske Canada to permanently shut Powell River, B.C., kraft pulp mill, cuts 280 jobs ( More <http://www.forestweb.com/digest/news.control.taf?_section=view&_function=detail&EDITION_ID=1910&_UserReference=59BC3917D0CC7BD93BCC64B2#story14345>...)
Pope & Talbot hammered by Canada import duty; sees 3Q loss of $9.1 million ( More <http://www.forestweb.com/digest/news.control.taf?_section=view&_function=detail&EDITION_ID=1910&_UserReference=59BC3917D0CC7BD93BCC64B2#story14366>...)
Domtar completes public offering of senior notes ( More <http://www.forestweb.com/digest/news.control.taf?_section=view&_function=detail&EDITION_ID=1910&_UserReference=59BC3917D0CC7BD93BCC64B2#story14380>...)

Brazil's Klabin to absorb varied units in restructuring

10/15/2001 16:17:24, Press Reports

SAN FRANCISCO, Oct. 15, 2001 (press reports) -- Brazil pulp and paper firm Klabin told the Sao Paulo stock exchange Bovespa that it has initiated a restructuring process that will include incorporating its units including Igaras Papeis e Embalagens under its subsidiary Klabin Riocell SA, according to business news reports in Brazil today ...
(Story... <http://www.forestweb.com/digest/news.control.taf?_section=liststories&_function=detail&FORESTWEBNEWS_uid1=14357&_UserReference=59BC3917D0CC7BD93BCC64B2>)

top of page <http://www.forestweb.com/digest/news.control.taf?_section=view&_function=detail&EDITION_ID=1910&_UserReference=59BC3917D0CC7BD93BCC64B2#top>
  _____

PACE strikes Purico at former Glatfelter paper mill in North Carolina

10/15/2001 12:01:20,

BREVARD, N.C., Oct. 15, 2001 (press release) -- Over 700 hundred workers and members of local 2-1971 of the Paper, Allied-Industrial, Chemical and Energy Workers International Union (PACE) went on strike at 12:01 a.m. today at the Purico paper plant in Brevard, N. C. The strike was prompted by the company's refusal to bargain in good faith and by threats to close the plant if workers did not agree to company demands that included draconian cuts in wages and benefits....
(Story... <http://www.forestweb.com/digest/news.control.taf?_section=liststories&_function=detail&FORESTWEBNEWS_uid1=14341&_UserReference=59BC3917D0CC7BD93BCC64B2>)

top of page <http://www.forestweb.com/digest/news.control.taf?_section=view&_function=detail&EDITION_ID=1910&_UserReference=59BC3917D0CC7BD93BCC64B2#top>
  _____

Norske Canada to permanently shut Powell River, B.C., kraft pulp mill, cuts 280 jobs

10/15/2001 13:12:50, CNW

VANCOUVER, Oct. 15, 2001 (press release) -- NorskeCanada announced today it will permanently close its kraft pulp mill operation at Powell River in late November, a move the company says will strengthen the economic future of its other two pulp mills by removing the least viable operation....
(Story... <http://www.forestweb.com/digest/news.control.taf?_section=liststories&_function=detail&FORESTWEBNEWS_uid1=14345&_UserReference=59BC3917D0CC7BD93BCC64B2>)

top of page <http://www.forestweb.com/digest/news.control.taf?_section=view&_function=detail&EDITION_ID=1910&_UserReference=59BC3917D0CC7BD93BCC64B2#top>
  _____

Pope & Talbot hammered by Canada import duty; sees 3Q loss of $9.1 million

10/16/2001 05:27:21, CNW

PORTLAND, Ore., Oct. 16, 2001 (press release) -- Pope & Talbot, Inc. announced today that the Company lost $9.1 million, or $.59 per share, in the third quarter of 2001. $6.3 million ($10.2 million pre-tax), or $.41 per share, resulted from an accrual for import duties on lumber shipped from Canada into the U.S. from May 19, 2001 through the end of the third quarter (see Wood Products discussion). The loss prior to import duties, was $2.8 million, or $.18 per share. For the same period a year ago, the Company earned $9.3 million, or $.64 per diluted share. Revenues were $142.3 million for the quarter, nearly flat with the third quarter of 2000. Earnings before interest, taxes, depreciation and amortization (EBITDA) excluding corporate costs and before lumber import duties were $8.9 million. After subtracting the non-cash accrual for duties, EBITDA fell to a negative $1.2 million versus a positive $28.5 million in the third quarter of 2000....
(Story... <http://www.forestweb.com/digest/news.control.taf?_section=liststories&_function=detail&FORESTWEBNEWS_uid1=14366&_UserReference=59BC3917D0CC7BD93BCC64B2>)

top of page <http://www.forestweb.com/digest/news.control.taf?_section=view&_function=detail&EDITION_ID=1910&_UserReference=59BC3917D0CC7BD93BCC64B2#top>
  _____

Domtar completes public offering of senior notes

10/16/2001 09:13:52, CNW

MONTREAL, Oct. 16, 2001 (Canada NewsWire/press release) - Domtar Inc. announced today the closing of its public offering in the United States of an aggregate principal amount of US$ 600 million 7.875% Senior Notes due 2011....
(Story... <http://www.forestweb.com/digest/news.control.taf?_section=liststories&_function=detail&FORESTWEBNEWS_uid1=14380&_UserReference=59BC3917D0CC7BD93BCC64B2>)

top of page <http://www.forestweb.com/digest/news.control.taf?_section=view&_function=detail&EDITION_ID=1910&_UserReference=59BC3917D0CC7BD93BCC64B2#top>
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Please find attached the current copy of the EnronOnline Weekly Public Report
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communication.


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 01/31/2000
02:55 PM ---------------------------

VKaminski@aol.com on 01/30/2000 02:11:27 PM
To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: Fwd: Credit Applicatiions in GRMS

Return-Path: <vkamins@ect.enron.com>
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From: "Vince J Kaminski" <vkamins@ect.enron.com>
To: vkaminski@aol.com
Message-ID: <86256874.007BF56A.00@notes.ect.enron.com>
Date: Fri, 28 Jan 2000 16:33:56 -0600
Subject: Credit Applicatiions in GRMS
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---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 01/28/2000
04:33
PM ---------------------------

Bjorn Hagelmann
01/28/2000 09:25 AM

To:   William S Bradford/HOU/ECT@ECT, Jonathan Le/HOU/ECT@ECT, Gary
      Hickerson/HOU/ECT@ECT, Philippe A Bibi/HOU/ECT@ECT, Vince J
      Kaminski/HOU/ECT@ECT
cc:   Rick Buy/HOU/ECT@ECT, Mike McConnell/HOU/ECT@ECT
Subject:  Credit Applicatiions in GRMS

THIS NOTE IS FROM TED MURPHY (not bjorn hagelman)

My understanding is that yet another meeting has been scheduled with the
intent
of diverting resources from the GRMS project to some other project.

While I am not privy to the urgency of this other project, I do know that we
have a very large, multi -phase project going in GRMS.
GRMS stands for the GLOBAL RISK MONITORING SYSTEM.  It is not intended to be a
commercial trading product not is its primary purpose for commercial
decision-making.  Conceptually, it is a risk warehouse for the primary purpose
of RAC due to the deficiency of current front office trading systems and their
inability to provide timely, aggregated information useful to RAC.

RAC has spent over a year developing a business plan scope and detailed task
list to accomplish its objectives.  As a firm we are woefully behind our press
clippings in our ability to aggregate and understand our risk profile.  My
most
recent sojorn  in Europe is a classic example of the current systems inabilty
to
aggregate and meet the needs of RAC having abetted poor decision making and
causing cash losses in well in excess of the GRMS budget or that of the Market
Risk Group in RAC.

The GRMS project is a requirement that Bill Bradford and I have in order to do
our jobs.  We have delegated authority to Debbie Brackett and Rudi Zipter to
make decisions regarding priorities and as such meet regularly with Jonathon
and
his team as well as Rick Buy to provide updates.  While progress is never as
fast as we would like it, in every instance in which we have only to rely on
RAC, Jonathon's team and Research to make a deadline it haas been hit.  The
primary reason for any delays whatsoever has been the diversion of resources
off
the project or the reliance for cooperation from some other source - most
recently the IT staff in London was a tremendous impediment to deadlines.

Please excuse the frustration that is apparently coming through in this note,
but I feel like the boy with his finger in the dyke and no one is listening.
Also, I have had several employees come to resignation over their frustration
on
the lack of management support for this project, usually manifesting itself in
the lack of resources or the diversion of resources devoted to it.

I think we have proven collectively that we can organize a modular multiphase
project and provide tangible deliverables when not distracted.  Please let us
do
our jobs.  I do not denigrate the efforts of others, but I believe that they
must either submit their detailed requirements to us for our consideration of
their worthiness to put in OUR que or develop their own project with their own
resources.

Thank you for your consideration of this opinion.  As it relates to things
that
will effect the ability of Market Risk to do its job, please consult me as I
would you.

Ted


On July 1st, Project Apollo and Beyond launched its final SAP implementation.
Enron now has an integrated, common financial, human resources, procurement,
and project management system throughout the majority of Enron's businesses.
By far Enron,s largest SAP implementation, this &go live8 added approximately
8500 new users ) raising the total user population from Apollo and Beyond
implementation efforts to over 13,000 Enron employees and contractors.

A highlight of this implementation was the rollout of eHRonline, an
intranet-based system that enables individuals to manage their personal
information and time management activities plus view their pay information
and benefit elections.  This new system gives the power and capability for
managing your information to the person who knows the most about it ) YOU!

The Apollo and Beyond solution will yield savings of over $30 million per
year plus provide increased speed and accuracy of information.  Once
post-implementation efforts have been successfully completed, the focus will
turn to system support, enhancements, and additional projects to help
leverage Enron's SAP system for increased growth and profitability.

Many thanks to the HR, financial, project and procurement communities for
their efforts towards the vision of +One Enron,!

For questions or assistance, please contact Enron,s SAP support organization
at 713-345-4SAP.


Intervew Schedule

17.30 - 18.00 Vince Kaminski & Anjam Ahmad

18.00 - 18.30 Ben Parsons

18.30 - 19.00 Stephen Leppard


CALENDAR ENTRY:	APPOINTMENT

Description:
	Houston

Date:		8/4/2000
Time:		2:55 PM - 9:10 PM (Central Standard Time)

Chairperson:	Outlook Migration Team

Detailed Description:


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 01/08/2001
03:31 PM ---------------------------

Kathy Spradling <spradlin@rice.edu> on 01/08/2001 10:47:27 AM
To: (Recipient list suppressed)
cc:
Subject: Spring 2001 Module and Calendar Schedule Attached

Spring 2001 Faculty,

Attached is the Spring 2001 Module and Calendar Schedules for your
review.  Please note the Jones Graduate School is not following the
traditional University Calendar for Spring Break this year.  If you have
any questions please contact me.

Kathy

Kathy M. Spradling
MBA Program Coordinator
Jesse H. Jones Graduate School of Management
Rice University
6100 Main Street, MS 531
Houston, Texas  77005-1892
Phone:  (713) 348-3313
Fax:  (713) 348-5251
Email:  spradlin@rice.edu
http://www.rice.edu/jgs
E-mail:  spradlin@rice.edu
http://www.ruf.rice.edu/~jgs/
 - Spring Module 2001 Sch.doc
 - Spring Module 2001 Cal.doc


Dan,

Ref. is made to our tel. and yr e-mail just received re above subj..

Please be advised that your people and your visitors are most welcome onboard
Hoegh Galleon.

We will appreciate very much if you could wait with the tour on the ship until
the discharging is stable, as then our people have more time to you.

Best regards

Kjell
Hoegh LNG


-----Original Message-----
From: Stevens, Kirk
Sent: Tuesday, September 18, 2001 1:40 PM
To: Hayslett, Rod; Enron.ENE.Tracy Geaccone
Cc: Piro, Jim
Subject: Q3 Adjustments - AA&Co. Review

Rod, please forward this note to Mark Lindsey ASAP (I can't find his name on
our email address book and I've had trouble with sending him things in the
past).

Attached is a file that includes unusual accounting adjustments and/or
implementation adjustments we're proposing as a result of our new rate case
order.  These adjustments total $31.3m (IBIT), and $29.8m (Net Income for Q3
2001.  Forecasted results for Q3 we've been sending to you (including our 3rd
Current Estimate) include these adjustments.   Accordingly, not getting AA&Co
concurence on any of these issues will have a negative impact on PGG's Q3
results.

For entries affecting PGH & PVC (see tab), we need to make sure Enron Corp is
supportive of our treatment.  This is because although AA&Co. Portland will be
reviewing our records and our reasons for the adjustments, they will likely
pass on the AA&Co. Houston any of these items they may question.  This is
because their primary focus is PGE earnings, not PVC or PGH since we don't
report these companies out any place publicly on a stand-alone basis.  We've
passed along the Merger MOU proposal to AA&Co. Portland already since it has
ties to our rate order (and they're thinking about it), but we're waiting to
hear back from you that the other three items on the list are support by you,
then we'll pass them on to AA&Co Portland for review.  Please respond back by
next Monday, Sept 24th to allow us appropriate time to get them reviewed by
AA&Co.

All the items on the PGE tab have been explained to AA&Co. Portland, and we're
hoping to get their position on these adjustments by next Monday, Sept 24.  We
feel we have good justification for all the adjustments, but some are more of
a stretch than others (when projecting whether or not AA&Co will approve
them).

Please call if you have any questions.  thanks


Section B2 contains the same argument that we made to FERC in GridFlorida
(mentions California .p. 11)  Due Monday 3/12.  Comments welcome.
---------------------- Forwarded by Christi L Nicolay/HOU/ECT on 03/08/2001
04:22 PM ---------------------------

"Andrea Settanni" <asettanni@bracepatt.com> on 03/08/2001 03:44:02 PM
To: <christi.l.nicolay@enron.com>, <dfulton@enron.com>,
<Jeff.Brown@enron.com>, <snovose@enron.com>
cc:

Subject: Revised Alliance Draft

Please see attached.

 - Alliance.doc


Let's verify that this is an IOU.  The Master should be sent to the attention
of Dave Brown and you should advise Cary of when it was sent to the
customer.  He may want a copy.

ps  Remind me to give you both copies of Tana's utility analysis.  Also,
Marie, let's talk about the utility language and circulate for comment.
---------------------- Forwarded by Sara Shackleton/HOU/ECT on 01/26/2000
09:32 AM ---------------------------

Tanya Rohauer
01/26/2000 09:25 AM
To: Marie Heard/HOU/ECT@ECT, Susan Flynn/HOU/ECT@ECT, Susan Bailey/HOU/ECT@ECT
cc: Sara Shackleton/HOU/ECT@ECT, Cary M Carrabine/HOU/ECT@ECT, Russell
Diamond/HOU/ECT@ECT
Subject: Nicor Gas Company

Please prepare a draft ISDA based on the attached credit worksheet.  Please
note that the legal name for Nicor Gas is Northern Illinois Gas Company.
Please call me if you have any questions.

Thanks,
Tanya


Will he be having one the first tuesday of January, 1/2/01?

Sharron Westbrook @ ENRON

12/13/2000 11:14 AM
To: Kent Castleman/NA/Enron@Enron, Sally Beck/HOU/ECT@ECT, Melissa
Becker@ENRON_DEVELOPMENT, Howard Selzer/Corp/Enron@ENRON, Bob
Butts@ENRON_DEVELOPMENT, Wes Colwell/HOU/ECT@ECT, Wanda Curry/HOU/EES@EES,
Fernley Dyson/LON/ECT@ECT, Rodney Faldyn/Corp/Enron@Enron, Rod
Hayslett@ENRON_DEVELOPMENT, Robert Hermann/Corp/Enron@ENRON, Tod A
Lindholm/NA/Enron@Enron, Mark E Lindsey/GPGFIN/Enron@ENRON, Keith
Marlow/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Jeffrey E
Sommers/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Kevin Hughes/HOU/EES@EES, Carol
Howes/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Michael K Patrick/NA/Enron@Enron,
John Echols/Enron Communications@Enron Communications, Brent A
Price/HOU/ECT@ECT, George Wasaff/NA/Enron@Enron, Andrew Parsons/Corp/Enron,
Dave Gunther/ENRON_DEVELOPMENT
cc: Margarite Cunningham/Corp/Enron@ENRON, Linda Hawkins/Corp/Enron@ENRON,
Dortha Gray/GPGFIN/Enron@ENRON, Karen Myer/GPGFIN/Enron@ENRON, Nicole
Scott/LON/ECT@ECT, Shelley Grover/Corp/Enron@Enron, Kathy
Campos/GPGFIN/Enron@ENRON, Bobbie Moody/Corp/Enron@ENRON, Sandy
Lewelling/NA/Enron@Enron, Norma Petry/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT,
Leigh Ann Van Houten/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Shirley
Tijerina/Corp/Enron@ENRON, Patti Thompson/HOU/ECT@ECT, Cathy
Corbin/HOU/EES@EES, Ruth A Noble/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Michele
Beffer/NA/Enron@ENRON, Jo Carolyn Olsovsky/Enron Communications@Enron
Communications, Chantelle Villanueva/HOU/ECT@ECT, Karina
Prizont/NA/Enron@Enron, Darlene Taylor/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT,
Christina Liscano/HOU/EES@EES, Kim Weldon/Corp/Enron@Enron

Subject: CAO Staff meetnig

The CAO Staff Meeting scheduled for Tuesday, Dec. 19 has been canceled.


Attached is the up-to-date Denver phone list.


Clinton Pledges Support for Californians
Under Pressure From High Electric Bills
A WSJ.COM News Roundup
WASHINGTON -- President Clinton said he has asked federal regulators to look
into the possibility that California electricity producers have engaged in
profiteering this summer.
Asked Wednesday if he thought the power companies were unfairly taking
advantage of the power shortages in California he responded, "Well, that's
what the [Federal Energy Regulatory Commission is] going to investigate."
Mr. Clinton also announced other steps to help consumers in Southern
California deal with "skyrocketing" electric bills and called on Congress to
pass legislation to "build a better energy future over the long run."
"We'll do what we can to help you get through this summer," Mr. Clinton told
Californians, referring especially those in the San Diego area where the
price crunch has been most severe.
Speaking on the steps overlooking the Rose Garden moments before leaving for
a political fund-raising trip to New Jersey, Mr. Clinton said he has ordered
these steps:
The FERC has been asked to quicken the pace of its investigation into
wholesale power markets "so we can better understand what's happening in
California and provide policy-makers with the information they need to
protect consumers in a timely fashion."
The Department of Health and Human Services will release $2.6 million to
Southern California families from the Low-Income Home Energy Assistance
Program. Mr. Clinton said that doubles the amount of aid available in the San
Diego area and will help low-income families and the elderly "to pay their
bills and stay cool."
The Small Business Administration has been told to put out the word about SBA
loans "to help cope with unusually high electrical bills."
Residential and business customers who receive power from the San Diego Gas
and Electric Co., a unit of Sempra Energy, have seen their bills double or
even quadruple since rates were deregulated in June.
The phased-in, south-to-north deregulation of California's $20 billion
electrical power industry was supposed to lower prices by creating greater
competition.
But demand for electricity has outstripped supply because of a growing
population and a booming high-tech economy and less power available from
neighboring states that haven't deregulated. A sweltering summer in
California has contributed to the problem.
Mr. Clinton said the problem has a broader base than just the current price
crunch in southern California.
"I also renew my call to Congress to work with us to build a better energy
future over the long run, to take up my energy budget initiatives and the tax
incentives to promote energy efficiency and conservation," the president said.
"I hope they will also pass a national comprehensive bill to foster a new era
of the right kind of competition in the electric industry, to establish a
more competitive, efficient and reliable electric power system for our nation
and to beef up efforts to prevent utilities from abusing their market power
to raise rates above competitive levels," he said.
Mr. Clinton said those steps would save American consumers about $20 billion
a year.
Responding to questions, Mr. Clinton was asked about high gasoline prices and
what the U.S. is doing to convince oil-producing nations to increase
production at lower prices.
He said he will discuss the issue on his trip to Nigeria, a big oil producer,
later in the week and that renewed economic growth elsewhere in the world is
"putting more pressure on the oil supplies that are available."
Mr. Clinton said the Organization of Petroleum Exporting Countries will
suffer if high oil prices trigger regional recessions, causing oil purchases
to drop dramatically.
He said OPEC will be much better off at a lower, sustainable oil price.
"They don't want to go down to $13 to $15 a barrel again, but it needs to be,
I think, in the low $20s somewhere," Mr. Clinton said, calling that "the more
sustainable rate."
One benchmark crude oil was priced Wednesday at $32.68 a barrel (see full
coverage of the commodities markets).

	Thane Twiggs
	08/23/2000 10:27 AM

		 To: James D Steffes/HOU/EES@EES, Bruno Gaillard/SFO/EES@EES, Jeff
Dasovich/SFO/EES@EES, Mona L Petrochko/SFO/EES@EES, Paul
Kaufman/PDX/ECT@ECT@EES, Richard Shapiro/HOU/EES@EES, Sandra
McCubbin/SFO/EES@EES, Steven J Kean/NA/Enron@Enron@EES, Susan J
Mara/SFO/EES@EES
		 cc: Karen Denne@ENRON
		 Subject: Re: Daily Update/Information on CA Activity

FYI:

As some of you may know President Clinton held a press conference today where
he discussed the CA price spikes and other issues.  Apparently he will put
together a task force and provide relief to customer groups via income
assistance and the SBA.

Karen Denne of the Communications department is putting together additional
information at this time.


Adele:
Your opinion looks fine to me.

Carol St. Clair
EB 3892
713-853-3989 (Phone)
713-646-3393 (Fax)


TODAY'S HEADLINES
The New York Times on the Web
Wednesday, November 21, 2001
------------------------------------------------------------
For news updated throughout the day, visit www.nytimes.com

/-------------------Also From NYTimes.com------------------\

Holiday Shopping

Take advantage of special offers and discounts -- on gifts,
travel and luxury items from NYTimes.com's premium
advertisers -- with the Holiday Shopping E-Mail.

http://www.nytimes.com/services/email/email.html#holiday
\---------------------------------------------------------/

QUOTE OF THE DAY
=========================
"You don't decide need based on an arbitrary line. A line
makes it easy for administration, but not for the people
who have to suffer through the pain every day."
-DON LEE, on the part of Chinatown that was designated for financial
aid.

http://www.nytimes.com/2001/11/21/nyregion/21CHIN.html?todaysheadlines

NATIONAL
=========================
In Utah, a Government Hater Sells a Germ-Warfare Book

A Nebraska entrepreneur has been selling copies of his
self-published book which includes directions for making
"mail-delivered" anthrax.
http://www.nytimes.com/2001/11/21/national/21BOOK.html?todaysheadlines

-----

A Police Force Rebuffs F.B.I. on Querying Mideast Men

The Portland, Ore., police will not cooperate with the
Federal Bureau of Investigation in its efforts to interview
5,000 young Middle Eastern   men because such questioning
violates state law.
http://www.nytimes.com/2001/11/21/national/21PORT.html?todaysheadlines

-----

Boat Found, but 30 Cubans Are Missing

Coast Guard officials found a capsized speedboat that they
believe was carrying 30 Cubans who were being smuggled to
the United States.
http://www.nytimes.com/2001/11/21/national/21BOAT.html?todaysheadlines

-----

MORE NATIONAL NEWS:
http://www.nytimes.com/pages/national/index.html?todaysheadline

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INTERNATIONAL
=========================
U.S. Ready to Send Additional Troops to Hunt bin Laden

The United States is prepared to send additional ground
forces to capture or kill Osama bin Laden if intelligence
pinpoints his location, Pentagon officials said.
http://www.nytimes.com/2001/11/21/international/21MILI.html?todaysheadlines

-----

Direction of Global War on Terror Raises Unsettling
Questions

The military campaign in Afghanistan has given the world a
stark view of a new American doctrine to make war on the
sources of terrorism.
http://www.nytimes.com/2001/11/21/international/21ASSE.html?todaysheadlines

-----

An Investigation in Egypt Illustrates Al Qaeda's Web

Records from a 1999 Cairo trial show how the merger of Al
Qaeda and Islamic Jihad vastly enhanced Osama bin Laden's
reach and organizational ability.
http://www.nytimes.com/2001/11/21/international/middleeast/21JIHA.html?todaysheadlines

-----

MORE INTERNATIONAL NEWS:
http://www.nytimes.com/pages/world/index.html?todaysheadline

BUSINESS
=========================
Enron's Growing Financial Crisis Raises Doubts About Merger
Deal

Shares of Enron plunged 23 percent as expectations grew in
the markets that Dynegy would either back out of its deal
to rescue the company or seek to renegotiate terms of their
merger.
http://www.nytimes.com/2001/11/21/business/21ENRO.html?todaysheadlines

-----

Conoco Plays Security Card in Promoting Its Merger

The chairman of Conoco, Archie W. Dunham, has added a new
rationale for his company's planned merger with Phillips
Petroleum: energy security.
http://www.nytimes.com/2001/11/21/business/21PLAC.html?todaysheadlines

-----

Microsoft Aims to Settle Suits by Equipping 12,500 Schools

Microsoft proposed giving some of the nation's poorest
schools computers, software and training to settle more
than 100 private class-action  antitrust suits.
http://www.nytimes.com/2001/11/21/technology/21SOFT.html?todaysheadlines

-----

MORE BUSINESS NEWS:
http://www.nytimes.com/pages/business/index.html?todaysheadline

TECHNOLOGY
=========================
Microsoft Aims to Settle Suits by Equipping 12,500 Schools

Microsoft proposed giving some of the nation's poorest
schools computers, software and training to settle more
than 100 private class-action  antitrust suits.
http://www.nytimes.com/2001/11/21/technology/21SOFT.html?todaysheadlines

-----

Vacations as Early Education

Instead of M.I.T., Charles Herington, president of AOL Latin
America, enrolled in Monterrey Tech in northern Mexico. And
he's not sorry that things turned out the way they did.
http://www.nytimes.com/2001/11/21/business/21BOSS.html?todaysheadlines

-----

Protesters Find the Web to Be a Powerful Tool

With opinion polls showing overwhelming support for
President Bush, antiwar activists are relying heavily on
the Internet to weave their fragmented constituents into a
movement.
http://www.nytimes.com/2001/11/21/technology/21ANTI.html?todaysheadlines

-----

MORE TECHNOLOGY NEWS:
http://www.nytimes.com/pages/technology/index.html?todaysheadline

POLITICS
=========================
Putting Name to Bush Justice Dept.: Kennedy

President Bush reached out to the nation's most prominent
Democratic political family in a ceremony to name the
Justice Department headquarters in honor of Robert F.
Kennedy.
http://www.nytimes.com/2001/11/21/national/21BUSH.html?todaysheadlines

-----

Treffinger Enters 2002 Race for Torricelli's Senate Seat

The Essex County, N.J., executive, James W. Treffinger,
announced in unusually low-key fashion that he was seeking
the Republican nomination.
http://www.nytimes.com/2001/11/21/politics/21SENA.html?todaysheadlines

-----

Federal Control Will Be Sought for Protection of Nuclear
Plants

The federal government should assume  responsibility for
protecting the country's nuclear power plants, a group of
Democratic members of Congress from New York said.
http://www.nytimes.com/2001/11/21/nyregion/21NUKE.html?todaysheadlines

-----

MORE POLITICS NEWS:
http://www.nytimes.com/pages/politics/index.html?todaysheadline

SPORTS
=========================
In Any Language, Suzuki Is A.L.'s Best

Seattle's Ichiro Suzuki has a knack for making strong first
impressions, and on Tuesday he became only the second
rookie to win the Most Valuable Player award.
http://www.nytimes.com/2001/11/21/sports/baseball/21MVPP.html?todaysheadlines

-----

Yankees Begin Courting Giambi

The Yankees opened talks with Jason Giambi on Tuesday, the
first day that the free-agent slugger could discuss
specific offers from teams other than Oakland.
http://www.nytimes.com/2001/11/21/sports/baseball/21YANK.html?todaysheadlines

-----

Rangers Give Roy the Chills

Patrick Roy, who was trying to tie the modern-era N.H.L.
record for consecutive shutouts, four, was shelled for five
goals in the Rangers' win over Colorado.
http://www.nytimes.com/2001/11/21/sports/hockey/21RANG.html?todaysheadlines

-----

MORE SPORTS NEWS:
http://www.nytimes.com/pages/sports/index.html?todaysheadline

ARTS
=========================
Foundation Starts $50 Million Fund for Arts Groups Hurt by
Terrorism

The Andrew W. Mellon Foundation is creating a fund for
cultural institutions affected by  repercussions of the
Sept. 11 attacks, as well as for parks where people
congregated after the disaster.
http://www.nytimes.com/2001/11/21/arts/21MELL.html?todaysheadlines

-----

A Friendship Tested as the Cold War Thaws

Tony Scott's new  movie, which tracks the 24  hours  before
a maverick C.I.A.  agent retires, has the pointless,
thrilling kineticism of a sports car commercial.
http://www.nytimes.com/2001/11/21/movies/21SPY.html?todaysheadlines

-----

'Monsters, Inc.' and 'Shrek' Are Likely Foes for New Oscar

The hottest race for an Academy Award  is in a newly created
category: best animated feature.
http://www.nytimes.com/2001/11/21/movies/21OSCA.html?todaysheadlines

-----

MORE ARTS NEWS:
http://www.nytimes.com/pages/arts/index.html?todaysheadline

NY REGION
=========================
Inhalation Anthrax Is Diagnosed in Connecticut Woman, 94

A 94-year-old Connecticut woman appears to have contracted
the inhaled form of anthrax, officials said. She was
hospitalized in critical condition.
http://www.nytimes.com/2001/11/21/nyregion/21ANTH.html?todaysheadlines

-----

Toll From Attack at Trade Center Is Down Sharply

The official count of the dead and missing has fallen below
3,900  nearly 3,000 fewer than  the number officials
originally feared had perished.
http://www.nytimes.com/2001/11/21/nyregion/21NUMB.html?todaysheadlines

-----

Terror Attacks Have Left Chinatown's Economy Battered

Chinatown is still reeling financially and is perhaps the
hardest hit neighborhood outside the  red zone.
http://www.nytimes.com/2001/11/21/nyregion/21CHIN.html?todaysheadlines

-----

MORE NY REGION NEWS:
http://www.nytimes.com/pages/nyregion/index.html?todaysheadline

OP-ED
=========================
Blessings and Bombings
By MAUREEN DOWD
President Bush definitely has a talent for   holding opposed
ideas in his mind.
http://www.nytimes.com/2001/11/21/opinion/21DOWD.html?todaysheadlines

-----

The 55-Cent Solution
By PAUL KRUGMAN
George W. Bush has backed off his personal   pledge to
provide aid to a battered New York   City.
http://www.nytimes.com/2001/11/21/opinion/21KRUG.html?todaysheadlines

-----

Help Iraqis Take Their Country Back
By KANAN MAKIYA
If the challenge represented by the attacks of Sept. 11 is
going to be met, then overthrowing Saddam Hussein by
reaching out to the people of Iraq is where it has to
begin.
http://www.nytimes.com/2001/11/21/opinion/21MAKI.html?todaysheadlines

-----

MORE OP-ED  NEWS:
http://www.nytimes.com/pages/opinion/index.html?todaysheadline

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FYI, Brett will only be available to meet with me in the afternoon.


Tana -

I had a rush request from Tom Gros - a VP with Net Works (CommodityLogic) -
wanting an NDA for a meeting later this afternoon.

The counterparty is:

FleetBoston
100 Federal Street
Boston, MA 02110

The subject matter is the "possible acquisition from Enron of a financial
management module associated with a web-based financial and logistical
product proprietary to Enron"

This would be a unilateral NDA.

If we could generate this this am, that would be great.

Thanks.

Mark
Senior Counsel, ENA
Phone:     713-345-8897
Facsimile: 713-646-3940
E-Mail:      Mark.Greenberg@enron.com


Are you coming?  I think I owe you a beer or two, and since it will be on my
expense account, I don't mind paying up!  DF


fyi.

-----Original Message-----
From: Boudreaux, Shanna
Sent: Monday, November 26, 2001 7:34 AM
To: Neal, Scott; Lamadrid, Victor; Townsend, Judy; Versen, Victoria;
Ordway, Chris; Pritchard, Michael
Subject: FW: TE Critical System Warning

FYI

-----Original Message-----
From: infopost@duke-energy.com [mailto:infopost@duke-energy.com]
Sent: Sunday, November 25, 2001 12:00 AM
To: infopost@duke-energy.com
Subject: TE Critical System Warning

November 25, 2001

Texas Eastern Transmission, LP (Texas Eastern) notifies all customers
that, for the reasons described below, scheduled receipts into and
deliveries out of the system must match actual receipts into and
deliveries out of the system.  This system-wide warning is issued as a
result of actual receipts into the system significantly exceeding actual
deliveries.

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 linepack available for system
operational purposes and Texas Eastern cannot continue to absorb actual
imbalances left on the system.

Because of 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 to
match actual customer takes in the market area.

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 Easterns 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.

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

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(See attached file: HPLN0316.xls)

 - HPLN0316.xls


-----Original Message-----
From: 	O'Rourke, Ryan
Sent:	Monday, October 08, 2001 2:12 PM
To:	Allen, Phillip K.; Alonso, Tom; Badeer, Robert; Bass, Eric; Belden, Tim; Clark, Chad; Cowan, Mike; Dorland, Chris; Ermis, Frank; Foster, Chris H.; Gay, Randall L.; Grigsby, Mike; Heu, Mog; Holst, Keith; Huang, Jason; Kuykendall, Tori; Lenhart, Matthew; Lucci, Paul T.; Mallory, Chris; Martin, Thomas A.; Miller, Stephanie; Motley, Matt; Reitmeyer, Jay; Sanchez, Monique; Scott, Susan M.; Smith, Matt; South, Steven P.; Swerzbin, Mike; Tholt, Jane M.; Tycholiz, Barry; Ward, Kim S (Houston); Whitt, Mark; Wolfe, Jason
Subject:	West NatGas Prices 1008