FYI
---------------------- Forwarded by Richard Shapiro/NA/Enron on 12/01/2000
12:11 PM ---------------------------

"Biel, Eric" <EBiel@Fontheiminternational.com> on 12/01/2000 11:13:39 AM
To: "'Richard.Shapiro@enron.com'" <Richard.Shapiro@enron.com>
cc: "Painter, Sally" <SPainter@fontheiminternational.com>

Subject: RE: Options the Governor's Considering

Rick--many thanks for forwarding the messages and attachment to me.  Even
having been at the meeting, reading Steve's assessment of it was very
useful.  I certainly concur on the idea of pulling a short document
together; could you forward whatever is developed to Sally and me, so we'll
be in the loop on that?  Thanks.
Spoke with Kari Dohn last night.  She actually had to drop out of going with
Gray Davis to the Vicente Fox inauguration in Mexico City to stay behind and
work on electricity issues--that's how consumed they are by the whole thing.
Lots obviously happening every day out there--and on the FERC front.  Jeff
D. obviously is an extremely capable person to be following that closely.
I think Jeff and Kari will have a very productive meeting next Wed.--not to
say she is in a position to overrule others with different perspectives and
agendas, but she is smart, a good listener, and was very impressed with
Steve and Jeff last Monday, so really does want to hear more on what Enron
thinks should and can be done to address all of the issues.  And she also
understands this is not just sophisticated technical advice; it also has a
political sophistication to it.
Anyway, thanks again, and look forward to being in touch regularly on this
and other matters.
Best, Eric

-----Original Message-----
From: Richard.Shapiro@enron.com [mailto:Richard.Shapiro@enron.com]
Sent: Thursday, November 30, 2000 1:56 PM
To: Jeff.Dasovich@enron.com
Cc: ebiel@fontheiminternational.com
Subject: Re: Options the Governor's Considering

thanks

From: Jeff Dasovich on 11/30/2000 11:19 AM

Sent by:  Jeff Dasovich

To:   Steven J Kean/NA/Enron@Enron, Richard Shapiro/NA/Enron@Enron, Paul
      Kaufman/PDX/ECT@ECT, Sandra McCubbin/NA/Enron@Enron, Susan J
      Mara/NA/Enron@ENRON, James D Steffes/NA/Enron@Enron, Karen
      Denne/Corp/Enron@ENRON
cc:

Subject:  Re: Options the Governor's Considering  (Document link: Richard
      Shapiro)

FYI:  Set up a meeting with Kari Dohn for next Wednesday.

                    Steven J Kean

                                         To:     Jeff
Dasovich/NA/Enron@Enron
                    11/27/2000           cc:     Alan Comnes/PDX/ECT@ECT,
Jeff Dasovich/NA/Enron@Enron, Joe
                    09:22 PM             Hartsoe/Corp/Enron@Enron, Karen
Denne/Corp/Enron@Enron, Mary
                                         Hain/HOU/ECT@ECT, Mona L
Petrochko/NA/Enron@Enron, mpalmer@enron.com,
                                         Paul Kaufman/PDX/ECT@ECT, Richard
Shapiro/NA/Enron@Enron, Sandra
                                         McCubbin/NA/Enron@Enron, Sarah
Novosel/Corp/Enron@Enron, skean@enron.com,
                                         Susan J Mara/NA/Enron@Enron, Tim
Belden/HOU/ECT@ECT, David
                                         Parquet/SF/ECT@ECT

                                         Subject:     Re: Options the
Governor's Considering(Document link: Jeff
                                         Dasovich)

Jeff Dasovich and I, along with several IEP members, met with Gov Davis'
staff today, including his Chief of Staff, his Staff Director and two
policy advisors on energy issues.  They made the following points:

     The Governor is personally spending a great deal of time on
     electricity issues (and is forcing them to spend their time on it as
     well).
     The Governor recognizes that part of the problem is a supply shortage,
     but they put special emphasis on the view that in addition to supply
     shortfalls, a big part of the problem is a "dysfunctional market" -- a
     thinly veiled reference to price manipulation by people sitting in the
     room.
     The Governor's view is that all participants (regulators, utilities,
     customers and generators) must "behave responsibly".
     Everyone must "share the pain".
     The legislative battles are likely to start as soon as the legislature
     returns next week, and the Governor will be putting forth several
     legislative proposals in the next couple of weeks.
     While staff went out of its way to say that the list of proposals (in
     the attached e-mail) were unofficial and for discussion purposes only,
     it was fairly clear that they defined much of what the governor plans
     to propose.

The meeting was not very encouraging nor did it provide much in the way of
new information.  The IEP group was on message, making the usual arguments
about the need for forward contracting, expedited generation and
transmission siting, a real retail market to promote demand side responses,
etc.  The staff is clearly focussed on forward contracting as part of the
solution but remains committed to the idea that generators have to cough up
some money and remain subject to rate caps, possible restrictions on sales
outside the state (at least at peak times), etc.  One approach they appear
to be toying with is a "share the pain" proposal which would have utilities
absorbing some of the deferred costs and consumers absorbing some of the
deferred costs in the form of higher rates.  That leaves generators ... who
they might want to either agree to some refunds or provide power at lower
going-forward prices.

The staff says that they remain open to proposed solutions, but the Davis
administration appears unwilling to spend any political capital to fix the
problem.

I think we are in for a lengthy legislative and PUC fight.  We should, as
always, provide consistent and reasonable solutions.  I think we should
prepare a document for distribution to staff, legislators (and anyone else)
that takes the factual background and proposed solutions we have put
forward (eg in Belden's presentation and the Seabron Adamson whitepaper)
and wraps them in a more political context.  In other words, we have
already articulated the right answers; we now need to put a political
rationale around our proposals -- a set of arguments which responds
directly to the political opposition those answers are likely to encounter.
Jeff will follow up with one of the staff members in particular (Kari Dohn)
and I would suggest that Jeff and Sandi work together on putting the
necessary political rhetoric around the solutions we have proposed.

                    Jeff Dasovich

                    Sent by: Jeff        To:     skean@enron.com, Richard
Shapiro/NA/Enron@Enron, Paul
                    Dasovich             Kaufman/PDX/ECT@ECT, Sandra
McCubbin/NA/Enron@Enron, Mona L
                                         Petrochko/NA/Enron@Enron, Susan J
Mara/NA/Enron@ENRON, Joe
                                         Hartsoe/Corp/Enron@ENRON, Mary
Hain/HOU/ECT@ECT, Sarah
                    11/22/2000           Novosel/Corp/Enron@ENRON,
mpalmer@enron.com, Karen
                    04:00 PM             Denne/Corp/Enron@ENRON, Alan
Comnes/PDX/ECT@ECT
                                         cc:

                                         Subject:     Options the Governor's
Considering

Steve:  FYI.  Don't worry about the conference call, but thought it might
be useful to review the proposals prior to Monday's meeting.

See you Monday.

Happy Thanksgiving to all.

Best,
Jeff

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

Several  IEP  companies  have been invited to a meeting with the Governor's
staff next Monday, November 27th.

The following are some options, which the Governor's office is considering.
IEP  is doing some preliminary research on some of these topics.  IEP would
like  to arrange a teleconference call around noon on Monday, November 27th
to  discuss  the  Governor's  meeting.  Please advise us as to whether your
have been invited, and who you are sending.

California's  electricity supply situation has two inter-related problems ?
(1) high wholesale electricity costs, and (2) marginally adequate supply of
generation  ?  both  have  combined  to  create  a  dysfunctional wholesale
electricity market.  The goals should be:

     To  assure reliable electricity to California consumers for the lowest
reasonable cost.

o    Consider requiring that all in-state generation be sold in state.
o    Consider re-asserting state authority over the operation, maintenance
and safety practices of all in-state generating facilities' for public
health and safety purposes.
o    Consider developing a state power authority to build generation and
own/operate transmission.
o    Consider requiring utilities both to retain existing and to build new
generation.
o    Consider providing utilities with authority to stabilize retail prices
to be paid by consumers through development of an energy portfolio that
reduces exposure to spot markets, including contracting forward for much
more of their unmet power needs.
o    Consider extending consumer rate freeze.
o    Consider centralizing power plant dispatch like the other ISOs in the
rest of the country.
o    Consider eliminating the ISO and assigning its functions to either a
state or private entity that can acquire the transmission facilities, and
control the electricity transmission grid (MUNIs have proposed this).
o    Consider sponsoring/supporting legislation to change the ISO and PX
boards to increase accountability.
o    Expand energy conservation programs focused both on immediate peak
demand reduction and on longer term, broader-based programs.
o    Aggressively work to site new generation and transmission facilities,
to streamline permitting, and to develop renewable resources.
o    Call for/sponsor federal FERC reform legislation that would:
o    Impose a regional price cap that varies by time of day and year;
o    Set requirements for FERC to use its retroactive refund authority;
o    Improve FERC enforcement over price gouging practices;
o    Affirm the role of states to protect their customers from unjust
prices.
o    Pressure the FERC to do its job to (1) bring about responsible seller
behavior in wholesale electric markets through price controls and other
market interventions as necessary, and (2) provide refunds to affected
consumers.
----- Forwarded by Jeff Dasovich/NA/Enron on 11/22/2000 03:44 PM -----

                    Susan J Mara

                                         To:     "CHUDSON" <carol@iepa.com>

                    11/22/2000           cc:     "Andy Brown \(E-mail\)"
<abb@eslawfirm.com>, chudson@iepa.com,
                    03:05 PM             "Curtis Kebler \(E-mail\)"
<curtis_l_kebler@reliantenergy.com>, "Delaney
                                         Hunter \(E-mail\)"
<dhunter@smithandkempton.com>, "Greg Blue \(E-mail\)"
                                         <gtbl@dynegy.com>, "Jack Pigott
\(E-mail\)" <jackp@calpine.com>, "Jeff
                                         Dasovich \(E-mail\)"
<jdasovic@enron.com>, "Joe Ronan \(E-mail\)"
                                         <joer@calpine.com>, "John Stout
\(E-mail\)"
                                         <John_H_Stout@reliantenergy.com>,
jparker@HMOT.com, "Katie Kaplan
                                         \(E-mail\)" <kaplan@iepa.com>,
kelly@hnks.com, "Kelly Norton \(E-mail\)"
                                         <knorton@mcnallytemple.com>, "Lynn
Lednicky \(E-mail\)"
                                         <lale@dynegy.com>,
marie_moretti@msn.com, mrmonagan@aol.com, "Bob
                                         Weisenmiller \(E-mail\)"
<rbw@mrwassoc.com>, "Bob Escalante \(E-mail\)"
                                         <rescalante@riobravo-gm.com>, "Rob
Lamkin \(E-mail\)"
                                         <rllamkin@seiworldwide.com>, "Jan
Smutny-Jones \(E-mail\)"
                                         <smutny@iepa.com>, "Steven Kelly
\(E-mail\)" <steven@iepa.com>, "Susan J
                                         Mara \(E-mail\)"
<Susan_J_Mara@enron.com>, "McNally Temple Assn. Inc.
                                         \(Business Fax\)"@mail.cwo.com

                                         Subject:     Re: (Document link:
Jeff Dasovich)

Jeff Dasovich and Steve Kean are attending.  Someone can be on a call -- me
if no one else -- if Jeff and Steve are travelling at the time. Hey, does
the Governor have to fly coach?

                    "CHUDSON"

                    <carol@iepa.c        To:     "Katie Kaplan \(E-mail\)"
<kaplan@iepa.com>, "Jeff Dasovich
                    om>                  \(E-mail\)" <jdasovic@enron.com>,
"Kelly Norton \(E-mail\)"
                                         <knorton@mcnallytemple.com>, "John
Stout \(E-mail\)"
                    11/22/2000           <John_H_Stout@reliantenergy.com>,
"Curtis Kebler \(E-mail\)"
                    12:47 PM
<curtis_l_kebler@reliantenergy.com>, "Rob Lamkin \(E-mail\)"
                                         <rllamkin@seiworldwide.com>, "Bob
Weisenmiller \(E-mail\)"
                                         <rbw@mrwassoc.com>, "Susan J Mara
\(E-mail\)" <Susan_J_Mara@enron.com>,
                                         "Andy Brown \(E-mail\)"
<abb@eslawfirm.com>, "Bob Escalante \(E-mail\)"
                                         <rescalante@riobravo-gm.com>, "Greg
Blue \(E-mail\)" <gtbl@dynegy.com>,
                                         "Jack Pigott \(E-mail\)"
<jackp@calpine.com>, "Jan Smutny-Jones
                                         \(E-mail\)" <smutny@iepa.com>, "Joe
Ronan \(E-mail\)" <joer@calpine.com>,
                                         "Lynn Lednicky \(E-mail\)"
<lale@dynegy.com>, "McNally Temple Assn. Inc.
                                         \(Business Fax\)"@mail.cwo.com,
"Steven Kelly \(E-mail\)"
                                         <steven@iepa.com>, "Susan J Mara
\(E-mail\)" <Susan_J_Mara@enron.com>,
                                         <mrmonagan@aol.com>,
<marie_moretti@msn.com>, "Delaney Hunter \(E-mail\)"
                                         <dhunter@smithandkempton.com>,
<kelly@hnks.com>, <jparker@HMOT.com>,
                                         <chudson@iepa.com>

                                         cc:

                                         Subject:

Jan Smutny-Jones, Exec Dir
Independent Energy Producers Assn.
1112 I Street, Suite 380
Sacramento, CA 95814
PH: 916-448-9499
FX: 916-448-0182
iepa@iepa.com

(See attached file: Govs meeting Conf Call.doc)


Most recent turn of document.


BUSINESS HIGHLIGHTS

Weather Group

Let,s give a big round of applause to the Weather Team!  Environmental
Finance Magazine ranked the weather group #1 in Online Services and #1 Dealer
in the United States and Europe.  Gary Taylor, manager in weather trading,
comments, "The "Best Dealer" award reflects our counterparties' appreciation
for the significant effort we have made to drive the growth of our market by
making two-sided markets where other companies are only willing to quote
either a bid or an offer.  This award also reflects the innovative nature of
everyone on our desk, and their ability to price non-standard structures for
our customers.  It is truly a team award.  The "Best Online Dealer" award is
simply another testament to the unparalleled success of EnronOnline.  By
providing tight, two-way markets online, we have provided two critical
elements to generate growth in our market: 1) an element of price discovery,
and 2) a quick and easy way to transact."

The Weather Risk Management group launched a new product this week:  Power
Demand swaps.  These contracts use power demand as an index and allow power
market participants (generators, btu distributors, marketers, etc...) to
mitigate volumetric exposures.  The first contract the desk offered is for
the PJM power pool.  On EnronOnline, weekly swaps are available and the desk
has placed option contracts on this index in the broker market.  Inquiries
regarding this product should be directed to Claudio Ribeiro (product
manager) x37313, Gary Taylor x31511, or Valter Stoiani x36906.

Competitive Analysis and Business Controls
eSource, Enron's premier corporate-wide research group, launched their new
intranet product, eSearch, on December 1, 2000.  eSource's team of
specialized researchers have created a web site to bring information and
research to every employee's desktop.  The eSearch web site offers many links
to information resources, access to research databases, specialized searches,
sites to purchase books, articles, and reports, and training.  Employees can
use the web site to conduct their own research or as a vehicle to submit
research requests.  eSource's researchers and industry specialists are
available to all Enron business units to provide timely and cost efficient
research, to work with individuals or groups to fulfill one time research
requests, or to design ongoing, customized monitoring projects or news
updates.

Enron Global Markets Fundamentals
EGM Fundamentals is quickly building a team of expert analysts and associates
to work directly with traders and marketers.  The team is already busy
analyzing various commodities and market situations.  For example, an
initiative is underway to analyze current negative fractionation spreads in
the market resulting from rising natural gas prices.  Web sites to host this
analytical information are currently in development for all EGM commodities.
These sites will provide research and analysis, weather, publications, and
any other information that will assist in decision-making or identification
of potential commercial opportunities.  For questions or requests regarding
fundamental research, contact Jennifer Fraser at x34759.  For questions or
suggestions regarding the web sites, contact Heather Purcell at x54057.

Austin Energy
Austin Energy and Enron Sandhill, L.L.C, a subsidiary of Enron North America
broke ground November 29, 2000 for the construction of the Sand Hill Energy
Center, a 180-megawatt peaking electrical generation facility.  Located in
eastern Travis County, the Sand Hill Energy Center will be a natural gas
fired facility that will operate primarily during peak demand periods.  The
$93.7 million project will feature four 45-megawatt General Electric gas
turbines and will be operational May 1, 2001.

NEWS FROM THE GLOBALFLASH

Coal
The London dry cargo seafreight team traded 1 million metric tonne of
Capesize vessel swaps via EOL in one day, (Wednesday 28th November). The deal
was created by combining OTC options and a physically related cash market
deal.  This helps to bring our YTD EOL to just under 2.5 mln tonne.

Off-shore wind energy deal
Enron Wind has signed a power purchase agreement with Swedish energy company
Graninge.  According to the agreement, Graninge will deliver electricity to
consumers using Enron's wind power plants in southern Sweden.  Enron Wind's
Utgrunden off-shore wind park, completed this year, will generate in the
region of 38,000 megawatt hours of electricity, or enough for around 6,000
average homes between the mainland and the island of Oland on the southeast
tip of Sweden.  In an announcement this week, Graninge stated that it plans
to market the power to consumers as 'green' energy.

Happy 1st Birthday EnronOnline!
This week saw EnronOnline celebrate its first birthday.  During the course of
its first year, EnronOnline has passed a number of milestones including the
addition of a range of new functionalities for customers on the site.
EnronOnline has now come of age, having surpassed the $274 billion mark in
notional value in November.  This represents a total of 478,695 transactions
since the site was launched on 29 November 1999.

The first anniversary was marked by giving the media guest access to
EnronOnline in Europe.  A team from Reuters was invited into Enron House to
receive a full demonstration of EnronOnline and as of today will be able to
quote in reports live prices from EnronOnline.  Other media outlets are being
invited to obtain guest access during the coming weeks as the word of
EnronOnline's success continues to spread...

Australia
Enron Australia continues to assist in the region in a supportive role.
Elliott Katz worked on the GEM migration in Singapore last week with an IT
team from London, Oslo and Singapore.  Approximately 40 users, including
Traders, were migrated to Windows 2000 and the CORP domain.  This is an
important step for the Asia Pacific region, as it brings the three biggest
offices (Singapore, Sydney and Tokyo) into line with corporate standards for
desktop computing.

Japan
E-Power, a JV between Enron and Japanese finance company Orix, has announced
proposals for a 2000MW gas-fired power plant at Mutsu-Ogawara, an industrial
area  in northern Japan.   A feasibility study will be undertaken to define
how the project will go forward and this may include the development of an
LNG terminal in the vicinity.  The nature of the permitting process is such
that the plant would not begin operations for six to seven years.  This
project is just one of several options that E-Power are working on in Japan.

NUGGETS & NOTES

&Go Big or Go Home8 ) Mike McConnell/President & CEO-EGM

"Call Back" - Don Schroeder, VP/Crude Trading-EGM

REMINDER

Holiday Party
Enron North America, Global Markets and Industrial Markets
Enron Field
Saturday, December 9
7:00 - Midnight

WELCOME
New Hires ENA/EIM/EGM
ENA ) Joseph Taylor, Jennifer Rosado, Rabi De, Louis Dicarlo, Scott Churbock,
Kenneth Parkhill, Nicholas Ernst, Dirk Dimitry, Stephanie Taylor, Dimitri
Tagaropulos, Georgia Blanchard, Jona Kimbrough, Jeffrey Baldwin, Patricia
English, Jaesoo Lew, Cheryl Nelson, Gina Abbott, Ryan Keith, Brian Dawson
EGM )Ellen Alexander, Mike Perun

Transfers to ENA/EIM/EGM
ENA ) Gregory Golden
EGM ) Keynan Dutton

FROM THE EDITORS

Thank you to all the contributors to this week's EnTouch.  We want to hear
from the various departments within Enron Americas, Global Markets and
Industrial Markets!  Please continue to send your business highlights,
nuggets & notes or suggestions to Michelle Vitrella or Kathie Grabstald.

LEGAL STUFF

The information contained in this newsletter is confidential and proprietary
to Enron Corp. and its subsidiaries.  It is intended for internal use only
and should not be disclosed.


Mark; I bet you are having fun showing Calvin and his friend around.  Jeff
called about a week ago and your mother and I had a nice talk with him.  It
sure was good to hear from him.
     Leigh is playing Western Illinois in Macomb, IL. in the first round of
the NCAA Class 1-AA football playoffs.  I am going down to see the game
Friday and will stay over  Saturday and come home after the game.  Al Pedrick
(fraternity brother)  works at Lehigh in his retirement is coming in with the
team and I will spend spare time with him.  Lehigh was seeded 10 of 16 and
Western is ranked 7th.  Should be a good game.  The championship is scheduled
in Chattanooga on December 16 and I hope I will have reason to go.
     I will keep you advised.   MOTHER and I send LOTS of LOVE and KISSES
DAD


Janet,
Please submit this name change to the TPC as soon as possible.  Thanks, hgm

Susan Wimberley@ECT
11/07/2000 02:45 PM
To: Hector McLoughlin/Corp/Enron@ENRON
cc: dfarmer@enron.com@ENRON

Subject: Re: Personal Information Needs To Be Updated

Once this is fixed in SAP I will be able to change it in PEP.  The Data
Integrity Team is being really strict on the name field.  It has to be
changed in SAP before I am allowed to change it in PEP.  Please let me know
when this has been done and I will make the change asap.

	Enron Capital & Trade Resources Corp.

	From:  Hector McLoughlin @ ENRON                           11/07/2000 02:24 PM

To: Susan Wimberley/HOU/ECT@ECT
cc: dfarmer@enron.com
Subject: Re: Personal Information Needs To Be Updated

is it possible that his first name show as "J Darren" ?   Daren is his middle
name and the name that everyone addresses him by.
We would also be glad to submit the change in SAP if the system will accept J
Darren as the first name.
Please advise.
Thanks for your help, hgm

Susan Wimberley@ECT
11/07/2000 02:12 PM
To: Hector McLoughlin/Corp/Enron@ENRON
cc: dfarmer@enron.com@ENRON

Subject: Re: Personal Information Needs To Be Updated

Please note that the name in Pep has to mirror what is in the source system.
Currently there is not a field in Pep for nicknames.

	Enron Capital & Trade Resources Corp.

	From:  Hector McLoughlin @ ENRON                           11/07/2000 01:48 PM

To: dfarmer@enron.com, Susan Wimberley/HOU/ECT@ECT
cc:
Subject: Re: Personal Information Needs To Be Updated

Susan,
Would you please take care of Mr. Farmer's request?   I am not able to change
names.
Thanks for your help, hgm

dfarmer@enron.com on 11/07/2000 01:15:08 PM
To: hector.mcloughlin@enron.com
cc:

Subject: Personal Information Needs To Be Updated

This message is from FARMER, JERRY D :

 My name should be changed from FARMER, JERRY D  to FARMER, J DAREN


Dear Valued Ameritrade Customer:

Thank you for using the wire request feature on our website.  I have
submitted your withdrawal request in the amount of $5700.00.  Federal
Securities regulations require that stock and bond trades settle three
business days after the transaction.  Per your instructions to send the funds
upon settlement, your wire will be processed on 01/29/2001, settlement day
for these transactions.

If you would like the funds requested sent to you prior to the settlement
date, Early Settlement fees will apply.  The fee structure is as follows:

$25.00 + $0.35 per $1000.00 per day

The $25.00 is a one-time charge per wire request.

If you have further concerns or inquiries, please contact the Wire Team
through Customer Service at (800) 669-3900 or (402) 970-5805.

Thank you for choosing Ameritrade!

Sincerely,

Damon Hynes
Customer Service/Wire Specialist
Ameritrade, Inc.

Original Message Excluded:
-------------------------
case 2082605


> >  Two buddies, Ralph and Rob, are getting very drunk at a bar when
> >  suddenly
> >  Rob throws up all over himself. "Oh, no. Now Jane will kill me!"
> >
> >  Ralph says, "Don't worry, pal. Just tuck a twenty in your breast
> > pocket,
> >  tell Jane that someone threw up on you and gave you twenty dollars for
> >  the
> >  dry cleaning bill."
> >
> >  So they stay for another couple of hours and get even drunker.
> >  Eventually
> >  Rob rolls into home and his wife Jane starts to give him a
> >  bad time. "You reek of alcohol and you've puked all over yourself! My
> >  God,
> >  you're disgusting!"
> >
> >  Speaking very carefully so as not to slur, Rob says, "Now wain aminit,
> > I
> >  can e'splain everything! Itsh not what you think. I only had a couple
> >  drinks. But this other guy got sick on me ... he'd had one too many
> > and
> >  he
> >  just couldn't hold his liquor. He said he was very sorry an' gave me
> >  twenty
> >  bucks for the cleaning bill!"
> >
> >  Jane looks in the breast pocket and says, "But this is forty bucks."
> >
> >  Oh, yeah...I almos' forgot, he shit in my pants, too."


"paulhastings.com" made the following annotations on 03/31/01 20:45:40
------------------------------------------------------------------------------
NEW E-MAIL ADDRESSES AT PAUL, HASTINGS, JANOFSKY & WALKER LLP

We have changed our e-mail address.  Our new domain name is
paulhastings.com.  In most cases, our address is composed of
conventional first name and last name plus @paulhastings.com.  Here are
two examples: janesmith@paulhastings.com and danjones@paulhastings.com.
If you have any questions, please contact us at noc@paulhastings.com.

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

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

In connection with  the above referenced matter, attached for your review
are?clean and  blacklined copies of the First Amended and Restated LLC
Agreement.? The  blacklined copy has been marked to indicate changes made to
the initial draft  provided by Enron.
?
Please note that the  attached drafts have not been reviewed by NorthWestern,
and therefore remain  subject, in all respects, to NorthWestern's comments.
?
We will forward the  revised draft of the Letter Agreement on Monday, April
2, 2001.?
?
Please contact me  with any questions or comments.
************************************************
Jeremiah A. DeBerry, Esq.
Paul Hastings Janofsky & Walker  LLP
399 Park Avenue
New York, New York 10022
Phone: (212) 318-6458
Fax:???? (212)  319-4090
?
?
 - #328314 v6 - Northwestern LLC Agreement.doc
 - #328314 vRED - Northwestern LLC Agreement.rtf


Good question.  I'll ask around.

	From:  Ben F Jacoby @ ECT                           01/17/2001 10:47 AM

Sent by: Ben Jacoby@ECT
To: Kay Mann/Corp/Enron@ENRON
cc:

Subject: Re: Meeting to Discuss 501D5A Status

By the way, I have the original LCs from GE for the LMs. Should the originals
go to you? If not, to whom?

Ben

Kay Mann@ENRON
01/17/2001 09:29 AM
To: Ben F Jacoby/HOU/ECT@ECT
cc:
Subject: Re: Meeting to Discuss 501D5A Status

I have a conflict.  How about 300?

	From:  Ben F Jacoby @ ECT                           01/17/2001 08:40 AM

Sent by: Ben Jacoby@ECT
To: Kay Mann/Corp/Enron@ENRON
cc:

Subject: Re: Meeting to Discuss 501D5A Status

Can you meet at 1 PM today or should we move it?

Kay Mann@ENRON
01/16/2001 06:38 PM
To: Ben F Jacoby/HOU/ECT@ECT
cc:
Subject: Re: Meeting to Discuss 501D5A Status

Hi Ben,

I got an opinion from outside counsel.  I'll give it a look so we can
discuss.  I'll move it up on the list.

Kay

	From:  Ben F Jacoby @ ECT                           01/16/2001 04:03 PM

Sent by: Ben Jacoby@ECT
To: Kay Mann/Corp/Enron@Enron
cc: Chris Booth/NA/Enron@Enron, Ron Tapscott/HOU/ECT@ECT

Subject: Meeting to Discuss 501D5A Status

Kay:

We really need to get on top of the situation with the 501D5A. I believe SW
is now taking the position that the generator was delivered under the terms
of the contract, and risk of loss resided with us at the time of the "event".
I furthermore understand they are taking the position that if we want a
replacement generator, that we need to execute a change order. Kind of makes
you feel like you're getting squeezed...

At the end of the day, we've got $25 million in a CT without a generator. ENA
will get saddled with these costs if we do not find a resolution either
through a buyer or a settlement with SW.

I really hope we can focus on this in the next couple of days. FYI, both
Chris Booth and Ron Tapscott have been drafted on this effort.

Thanks,

Ben
---------------------- Forwarded by Ben Jacoby/HOU/ECT on 01/16/2001 02:49 PM
---------------------------

	Enron North America Corp.

	From:  Chris Booth @ ENRON                           01/16/2001 03:48 PM

To: Scott Laidlaw/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Matthew
Tezyk/ENRON_DEVELOPMENT@Enron_Development, James P Studdert/HOU/ECT@ECT, Ron
Tapscott/HOU/ECT@ECT, Kay Mann/Corp/Enron@Enron
cc: Ben Jacoby/HOU/ECT@ECT
Subject: Meeting to Discuss 501D5A Status

Please attend a meeting at 1:00 PM on Wednesday, 17 January 2001 in EB3143c
to discuss the latest status of the Westinghouse 501D5A Generator set.

Please let me know ASAP if you are unable to attend.

Thanks,

Chris Booth


-----Original Message-----
From: 	Hanagriff, Richard
Sent:	Wednesday, February 06, 2002 1:42 PM
To:	Schoolcraft, Darrell
Subject:	tw imbalances


Irene,
 These become HPL contracts on the effective date of the assignment.  As such
I would use that date as the effective contract date and the assignment
date.  The original contact date can remain the same as in the contract
file.  Tom/Steve - Do you agree?

	Irene Flynn
	10/26/2000 12:06 PM

		 To: Dan J Hyvl/HOU/ECT@ECT
		 cc:
		 Subject: TRRC SalesTariff Filings

Dan, to follow up on the phone message I just left for you!

In the ongoing process of automating TRRC Sales Tariff Filings,  we have
encountered several issues for which we need legal clarification in reference
to all the sales contracts that were assigned from ENA Sales to HPL Sales.

What date should be filed as the Original Contract Date?

 What date should be filed as the Contract Effective Date?

What date should be used for the Contract Amendment Date - i.e. the
assignment date?


Nicole,
 Please check with Cindy Stokes to see if she can tell you if there is going
to be filing cabinets and where.  Thanks.

	Enron North America Corp.

	From:  Dana Davis                           02/06/2001 05:31 PM

To: Hope Vargas/HOU/ECT@ECT, Nicole Mendez/HOU/ECT@ECT
cc:
Subject: Archiving/Move

Some of the accountants have been able to flag a few items that can be
archived but it has only been a very little.  Most of them are asking the
same question.  They want to know if there will be file cabinet space to
store the items that they are  not ready to send to archive but have no room
to store on their desks?  This is placing a hold on the archiving project
because I can't archive anything that the accountants won't give me the go
ahead on and quite frankly,  this is nearly everything I touch.  Please
help.  Maybe if they knew where their things were going to be stored,  I
could at least help box it up for them to move with them.  Thanks.

dana


Ryan Williams
East Power Trading
Enron North America
(713) 853-4793


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Kathy-

Just let me know when you get the trophy.  I can pick it up at your house
(front porch or whatever is convenient for you) and leave the $$ in your
mailbox.

Susan

KKW816@aol.com on 05/02/2001 03:18:16 PM
To: Susan.W.Pereira@enron.com
cc:
Subject: Re: Tigers

You can send it to me at 1904 Albans 77005. It is small and very mailable.
Kali is such a good player and sweet girl - I know she is going to have fun
no matter what. I think we all are going to miss the Micro Soccer days with
small teams and more of a chance to get to know everyone! Have a great
summer! Kathy


======================================================
        VENTUREWIRE --- Tuesday, September 12, 2000
======================================================
           Private Company Business News
------ Published Daily by Technologic Partners -------
           http://technologicpartners.com
======================================================

Top Stories:

o Internet Network Frim Interxion Raises $173 Million Series B
o Government Rejects One Argument in Napster Appeal
o AppleSoup Becomes Flycode After Apple Computer Complains
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Also in This Issue:

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o Digital Music Provider FullAudio Gets $15 Million Round Two
o ICP Company MetStream Closes $4 Million Series A
o NC Virtual Systems Raises $5 Million First Round
o Net Infrastructure Firm Waveset Gets $7.3 Million Round One
o Network Storage Firm Panasas Raises $10 Million Led by MDV
o Online Medical Resource Veritas Raises $8 Million Round One
o Ownership Services Firm Allmystuff Gets $10 Million Series A
o Security Consultant Espiria Gets $6 Million Series A
o Sun & GigaPixel Co-Founders Invest in Multimedia Company
o Supplier Integration Firm RioLabs Has $6 Million First Round
o Web Network Bla-bla Gets $3.25 Million More in Seed Round
o Web Security Firm Ingrian Systems Gets $4 Million Round One
o Wireless Firm Red Jade Gets $10 Million in Initial Funding
o Advice Site AskForFree.com Completes First Round of Funding
o Data Replication Firm Cogenia Raises $1 Million First Round
o Document Exchange Raises $30 Million Led by Apax Partners
o IXEurope Raises $56.8 Million Second Funding Round
o $15 Million Round Two for Latin E-Commerce Enabler Decidir
o Broadband Wireless Firm nBand Closes $14 Million Series B
o CascadeWorks Raises $8 Million in Second Round of Funding
o E-business Firm Event Zero Gets $20 Million Round Two
o Mobile Net Firm Mobilocity Raises $21 Million Second Round
o VoDSL Provider Woodwind Closes $12.2 Million Second Round
o Freelancer Marketplace Guru.com Raises $44 Million C Round
o Net Messaging Provider @Once Closes $8.1 Million Series C
o Data Storage Company 3Ware Secures $43 Million in Series D
o eNIC Gets $4 Million and Commitment for $21 Million More
o New Forum Gets $6 Million, Lamar Alexander Joins Board
o Mobile Communications Software Firm Ecutel Gets $6 Million
o Translation Software Firm Trados Receives $4 Million

     New Products:
o Info, Resource Site for Minority Businesses Announces Launch
o Online Business Info Provider RhondaWorks Launches
o Gilat-To-Home Becomes StarBand Communications
o Local Busines App Firm Dbusiness.com Now LocalBusiness.com

     M&A:
o Contact Center Firm !hey Software Merges with icontact.com
o Tech Licensing Firm UVentures Buys Datamonitor's QX Health
o BarterNet Acquires Majority Interest in BXI Exchange

     New Directors:
o Supply Chain B2B SupplyLinks Adds Curry to Board
o Former FCC Director Joins Hispanic Sports' Board
o Money Management Services Provider eBalance Adds to Board
o ARM Holdings COO Joins NCipher Board of Directors

     New People:
o Mobilestop Hires Former Ericsson Exec. As President, CEO
o DailyShopper Network Names Ex-L.A. Times VP President & COO
o XML App Firm Vordel Names Former Siemens Exec as CEO
o Former Internet Capital Group Exec Named CEO of XYAN.com
o Authentication Provider BioNetrix Names Ex-Previo Chief CEO
o Newmediary.com Hires Former Adsmart CEO as President, CEO
o U.K. Internet Graphics Firm ZY.com Appoints New CEO
o Virtue Names Freshmarketing.net Co-Founder as President

     VC Fund News:
o Pacifica Fund Gets $25 Million to Build Early Stage Fund
o TechnoCap Raises Additional $74.4 Million For New Fund

     VW Corrections:
o North Castle Partners

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high-speed Internet equipment whose shares have risen
tenfold since IPO.
--David Peterschmidt of Inktomi, the network-caching
company with revenue growth of more than 25% for 10
consecutive quarters.

Register today at http://info.wsj.com/techsummit/

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

o Internet Network Frim Interxion Raises $173 Million Series B

AMSTERDAM -- Interxion Holding, which provides carrier
neutral Internet exchange centers, raised EUR 200
million ($173 million) in a Series B financing round.
New investors, including GS Capital Partners 2000
and Whitehall Real Estate Funds, both sponsored
by Goldman Sachs; DLJ Real Estate Capital Partners
II; CSFB Private Equity; CSFB Real Estate Investment
Banking; CSFB Technology Group; Enron Broadband
Services, a subsidiary of Enron; Continuum Group;
and Aman Ventures participated in the round. Previous
investors including Baker Communications Fund, Navis
Partners V, Morgan Stanley Dean Witter, and Bear
Stearns Merchant Banking also contributed. The company
said it will use the capital to continue to develop
its Internet exchange centers across Europe and
new service offerings and to increase staffing.
http://www.interxion.com/
_____________________________________________

o Government Rejects One Argument in Napster Appeal

NEW YORK -- The United States Copyright Office and
the Department of Justice have rejected one facet
of Napster's defense that claims it is protected
by the Home Audio Recording Act. Record labels and
music industry organizations have charged Napster,
operator of a site for sharing copyrighted music
files in MP3 format, with copyright infringement.
In an advisory brief filed with the United States
District Court for the Northern District of California,
the Copyright Office stated the "Audio Home Recording
Act does not protect Napster from the plaintiff's
claims of copyright infringement." The U.S. Copyright
Office and the Justice Department argue that the
Audio Home Recording Act addresses a different phenomenon,
specifically the use of DAT recorders used for home
taping. "We have great respect for the Department
of Justice, but in this instance we believe their
position is incorrect, " said Napster's attorney
David Boies. In a statement Mr. Boies also noted
that the government did not address Napster's liability
and the precedents cited in Napster's appeal. A&M
Records and other record labels, the Recording Industry
Association of America, and the National Music Publishers
Association have filed the suit against Napster.
The company is backed by Hummer Winblad Venture
Partners and individual investors.
http://www.napster.com/
_____________________________________________

o AppleSoup Becomes Flycode After Apple Computer Complains

SAN FRANCISCO -- AppleSoup, which develops software
for a peer-to-peer network of distribution and file
sharing for video, said it changed its name to Flycode
after receiving a 'cease and desist' letter from
Apple Computer.  Apple Computer's letter claimed
the name AppleSoup infringed on its trademark. In
a copy of the letter provided by Flycode, a law
firm representing Apple demands that the company
discontinue use of the AppleSoup name by July 28,
2000. Calls to Apple Computer for comment were not
returned. Flycode, founded by two co-founders of
Napster, has raised $2.5 million in seed funding
from individual investors including Bill Krause,
president of LWK Ventures; Frank Biondi, chairman
of Biondi Reiss Capital Management; Joon Yun, an
investment analyst at Palo Alto Investors and a
founding partner of Targesome; and the Jack Valenti
family.
http://www.flycode.com/
_____________________________________________

o Affiliates of Citicorp Venture Capital To Anchor New Fund

LONDON -- Digital Networks, which recently launched
as a venture capital group, said it secured anchor
investments from affiliates of Citicorp Venture
Capital, an investment branch of Citigroup. The
Digital Networks Group is raising a EUR 75 million
($60.6 million) fund. The fund will invest in early
and late stage European digital infrastructure companies
providing software, services, and hardware to companies
involved in the media, communications, or information
technology sectors. The average investment size
will range between $867,000 to $8.7 million. Telephone
+44-20-816-8890.
_____________________________________________

o Juniper Financial Holds $94 Million Series B Funding

WILMINGTON, Del. -- Juniper Financial, an online
financial services company that offers banking and
personal financial services, said it raised $94
million in its Series B round of funding. New investor
J.W. Seligman led the round, which included other
new investors Aether Systems, Fifth Third Bancorp,
Kemper Ventures, Kingdon Capital, Maverick Capital,
Sonera, Total Technology Ventures, and previous
investors Benchmark Capital and individual investors.
The round brings the company's total funding to
$114 million. Sonera Plaza president and CEO Harri
Hollmen and Total Technology Ventures managing partner
Tom Smith will join the company's board. The company
will use the funding for launching its products
and services this fall and for company expansion.
Juniper Financial focuses on credit card, checking,
and bill payment services with a focus on Internet
and wireless technology.
http://www.juniper.com/
_____________________________________________

o Palladium Equity Partners Closes $300 Million Fund

NEW YORK -- Palladium Equity Partners said it closed
a new fund, Palladium Equity Partners II, for $300
million. The fund will invest in basic industries
and focus on companies in the automotive, chemical,
food, healthcare, media, plastics, and packaging
industries. Palladium has invested in two companies
so far through its new fund: Wise Snacks, a snack
food company, and Physicians WebLink. Telephone
212-218-5153.

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

o Oracle ASP Appshop Closes Series A Round with $17 Million

FREMONT, Calif. -- Appshop, an ASP of Oracle applications
providing IT infrastructure for small and mid-size
companies, said it raised $17 million in Series
A funding led by Menlo Ventures. El Dorado Ventures,
Osprey Ventures, RSA Ventures and Stanford University
also contributed to the round. Menlo Ventures  managing
partner Douglas Carlisle has joined the board of
directors. The company said the funds will support
the development of its ASP hosting facilities, marketing,
and the roll-out of national sales and service.
http://www.appshop.com/
_____________________________________________

o Digital Music Provider FullAudio Gets $15 Million Round Two

CHICAGO -- FullAudio, a digital music subscription
service, said it raised $15 million in its second
round of funding. The round was led by Venture Strategy
Partners and included investments from New Enterprise
Associates and Kettle Partners. The company said
the funds will be used for the further development
of FullAudio's secure subscription service, including
the technical advancement and design of FullAudio's
service platform, which it expects to introduce
early next year. FullAudio secured $4.5 million
in first round financing in December 1999 led by
Stewart Alsop of New Enterprise Associates that
included investments from Chicago based Kettle Partners,
GRP Records and N2K founder Larry Rosen, former
WebTV and TiVo CEO Randy Komisar, and IDEO Ventures.
Tony Conrad of Venture Strategy Partners will join
Stewart Alsop, Lee Rosenberg of Kettle Partners,
Mr. Komisar, and Mr. Rosen on the FullAudio board.
http://www.fullaudio.com/
_____________________________________________

o ICP Company MetStream Closes $4 Million Series A

PORTLAND, Ore. -- MetStream Communications, an integrated
communications service provider targeting residential
communities with broadband services, said it closed
its Series A round with $4 million from Vertex and
Integrated Electrical Services. The company said
it plans to use the money for hiring staff in Portland
and Seattle. MetStream provides digital television,
video-on-demand, Internet access, hosted IP applications,
and telephony services mainly to apartment and condominium
communities.
http://www.metstream.com/
_____________________________________________

o NC Virtual Systems Raises $5 Million First Round

WARSAW -- NC Virtual Systems, which provides software
for security, subscriber management, and billing
for ASPs, said it raised $5 million in its first
round of funding. The round was led by Copernicus
Capital Management, a venture capital fund focusing
on investments in central Europe. Other investors
in the round include Actron International, Central
Poland Fund, Intel Capital, ISAL Amlat Investments,
the Poland Investment Fund, and Israeli investor
Star-West Capital. The company said it will use
the funding to accelerate research and development,
and create an international marketing campaign.
Neil Milne, chief executive officer of Copernicus
Capital Management, and a representative from Star-West
Capital will both take seats on the company's board
of directors. Telephone +49-22-826-8580.
http://www.copernicus.pl/
_____________________________________________

o Net Infrastructure Firm Waveset Gets $7.3 Million Round One

AUSTIN, Texas -- Waveset Technologies, a provider
of Internet infrastructure software, said it closed
its first round of funding with $7.3 million. Participating
investors included Austin Ventures, Origin Partners,
seed investor AV Labs, and individual investors
Martin Neath, president and COO of Works.com; and
Bill Wood, special limited partner at Austin Ventures.
The funding will go towards business and product
development, and marketing initiatives. Chris Grafft
of Austin Ventures, Marc Yagjian of Origin Partners,
and Bill Wood of Austin Ventures will join the board
of directors.
http://www.waveset.com/
_____________________________________________

o Network Storage Firm Panasas Raises $10 Million Led by MDV

MENLO PARK, Calif. -- Mohr, Davidow Ventures (MDV),
an early stage venture capital firm, said it has
led an investment round of $10 million in Panasas,
a network storage company. In addition to the investment,
MDV co-managing partner Jon Feiber and MDV East
Coast office partner Michael Sheridan will join
the Panasas' board of directors.
http://www.panasas.com/
_____________________________________________

o Online Medical Resource Veritas Raises $8 Million Round One

CAMBRIDGE, Mass. -- Veritas Medicine, an online
medical resource developed to provide patients,
physicians, and other health care professionals
with information about clinical trials and innovative
treatments, said it has raised $8 million in its
first round of funding. The round was funded by
Burrill & Company, BioAsias Biotechnology Development
Fund II, Cambridge Incubator, and Seaflower Ventures.
Along with the preparation for the October launch
of its online resource, the funds will be used for
 marketing and distribution, expanding the number
of diseases profiled, and product enhancement. Telephone
781-674-0216.
_____________________________________________

o Ownership Services Firm Allmystuff Gets $10 Million Series A

AUSTIN, Texas -- Allmystuff, which provides product
ownership services for durable goods companies,
said it raised $10 million in its Series A round
of funding. TL Ventures led this first round, which
follows a seed round provided by AV Labs and Polaris
Ventures. Dell Ventures and Austin Ventures also
joined in this Series A round. As a result of the
funding, Guy Hoffman, a venture partner at TL Ventures
and former chief executive officer of Deja.com,
and Manish Mehta, the principal at Dell Ventures,
will join the Allmystuff's board of directors. Allmystuff's
technology allows companies to create Web pages
that contain product information, self-help tools,
warranty trackers, and other product data for their
customers.
http://www.allmystuff.com/
_____________________________________________

o Security Consultant Espiria Gets $6 Million Series A

MINNEAPOLIS -- Espiria, an information security
consulting firm, said it raised $6 million in Series
A funding. Wheatley Partners led the round, which
included Dalewood Associates, Family Financial Strategies,
and Jumpstart Capital. Wheatley Partners general
partner Seth Lieber and Jumpstart Capital founder
and general partner Shawn Kreloff have joined the
company's board of directors. The company will use
the funding for market expansion and to further
develop its services. Espiria provides business
planning, security consulting, technology deployment,
and managed services.
http://www.espiria.com/
_____________________________________________

o Sun & GigaPixel Co-Founders Invest in Multimedia Company

SANTA CLARA, Calif. -- QuArc, a provider of digital
multimedia technology, said it raised $5 million
in funding from private investors. Investors in
the round included the co-founder of Sun Microsystems,
Andreas Bechtolsheim and George Haber, co-founder
of Gigapixel. Mr. Bechtolsheim will take a seat
on the company's board of directors. Mr. Haber has
been named president, CEO, and a member of the company's
board of directors. Sorin Cismas, company founder,
will serve as chief technology officer and chairman
of the company's board of directors. QuArc develops
and markets high bandwidth memory controllers and
high definition MPEG-2 decoders.
http://www.quarc.com/
_____________________________________________

o Supplier Integration Firm RioLabs Has $6 Million First Round

DENVER -- RioLabs, which provides supplier integration
technology, said it raised $6 million in its first
institutional round of funding. Barnard & Co. led
the round, which included Sequel Venture Partners
and previous individual seed round investors including
Pete Estler, founder of iBelay; Ernest Jacquet,
managing director of Boston's Parthenon Capital;
and Rich Patch, a former vice president with Sybase.
Barnard & Co.'s Steve Change will join the company's
board of directors. The company will use the funding
for company development, sales and marketing, and
North American expansion. RioLabs links enterprise
information sources with exchanges or direct trading
services for business-to-business Internet commerce
marketplaces.
http://www.riolabs.com/
_____________________________________________

o Web Network Bla-bla Gets $3.25 Million More in Seed Round

NEW YORK -- Bla-bla, an online portal for independent
content, said it received an additional $3.25 million
in its seed round of financing, bringing the total
raised to date for the round to $7.65 million. The
round has is still open. Bla-bla said it will use
the funding for general company growth and expansion.
Investors in this round include Silicon Alley Venture
Partners, Hudson Venture Partners, Liberty View
Equity Partners, SBIC, Youngtree Partners, and Stonehenge
Capital. Bla-bla said its network has over 230 sites
and is adding 40 sites per month.
http://www.bla-bla.com/
_____________________________________________

o Web Security Firm Ingrian Systems Gets $4 Million Round One

REDWOOD CITY, Calif. -- Ingrian Systems, which is
developing scalable Internet security products that
will increase the speed of transactions, said it
has secured $4 million in its first round of funding
from a group of investors. The round included Andy
Bechtolsheim and Bill Joy, co-founders of of Sun
Microsystems, and Martin Hellman, professor emeritus
of electrical engineering at Stanford University.
Other investors in the round included Andrew Dumke,
general partner of Pacific Mezzanine Fund; John
Hamm, the managing director of  Internet Capital
Group; Greg Chabrier, most recently vice president
of business development for VALinux; and Sardina,
the co-founder of Tasmania Network Systems, which
was acquired by Cisco last year.
http://www.ingrian.com/
_____________________________________________

o Wireless Firm Red Jade Gets $10 Million in Initial Funding

PALO ALTO, Calif. -- Ericsson said it has made a
$7 million investment in Red Jade, a developer of
wireless entertainment products. Red Jade also received
an additional $3 million from IT Provider, a Swedish
venture capital firm. In addition to financial support,
Ericsson Business Innovation will support Red Jade
with product design and development, marketing,
manufacturing, and distribution.
http://www.redjade.com/
_____________________________________________

o Advice Site AskForFree.com Completes First Round of Funding

CUPERTINO, Calif. -- Al Shugart International (ASI)
said AskForFree.com, which offers free advice in
a variety of categories, completed its first round
of funding for an undisclosed amount. The round
was led by Shugart Venture Fund 2, the venture arm
of ASI, with participation from Angel Investors.
Jon van Bronkhorst of Shugart Venture Funds will
join the board of directors.
http://www.askforfree.com/
_____________________________________________

o Data Replication Firm Cogenia Raises $1 Million First Round

SUNNYVALE, Calif. -- Cogenia, which specializes
in data replication technology for the wireless
data industry, said it has closed its Series A round
of funding at $1 million. The Jain Family Trust,
Crest Communications Holdings, Satwik Ventures,
the Pillsbury Madison and Sutro Venture Fund, and
several individual investors provided the funds.
Cogenia was founded by chairman Ashok Jain, CEO
Scott Andrews, and CTO Doug Terry. Telephone 650-279-0242.

_____________________________________________

o Document Exchange Raises $30 Million Led by Apax Partners

NEW YORK -- Bolero.net, which provides an online
data exchange for electronic trading communities,
said it raised $30 million in its most recent round
of funding. The round was led by Apax Partners.
The company said it will use the funding for implementation
efforts across the Bolero.net affiliated network,
and development of new products and services for
the company's clients. Tim Wright, and Richard Lenane,
both of Apax Partners, will take seats on the company's
board of directors. Bolero.net acts as a neutral
third party to ensure secure delivery and receipt
of the information and provides a legal structure
that binds all users together.
http://www.bolero.net/
_____________________________________________

o IXEurope Raises $56.8 Million Second Funding Round

LONDON -- IXEurope, which provides co-location and
facilities management services, said it raised $56.8
million in its second round of funding. A group
of investors including European Acquisition Capital
(EAC), IXEurope's majority shareholder; Banc of
America Equity Partners; J. P. Morgan Capital; First
Union Capital Partners; and some of EAC's fund investors
participated in the round. The company said it will
use the funding to increase its number of co-location
sites from three to eight by the end of the year.
The expansion will involve development in France,
Germany, and Switzerland.
http://www.ixeurope.com/
_____________________________________________

o $15 Million Round Two for Latin E-Commerce Enabler Decidir

BUENOS AIRES -- Decidir.com, a business-to-business
portal and infrastructure service that provides
credit risk information and payment platforms for
conducting e-commerce in Latin America, said it
raised $15 million in second round funding. New
investors GE Capital, HSBC-Tower Fund, and SCP Private
Equity Partners, a U.S. fund associated with Safeguard
Scientifics, were joined in the round by previous
investors Citicorp Venture Capital Latin America,
CVC Opportunity, CIMA Investments, and International
Real Returns. The company, which has offices in
Argentina, Brazil, Mexico, Chile, and Miami, will
use the funds to complete its regional expansion
and to develop new tools and services.  Decidir
offers an authentication product for secure e-commerce
transactions and has developed databases of financial,
legal, credit, and import/export information of
businesses and individuals in Latin America.
http://www.decidir.com/
_____________________________________________

o Broadband Wireless Firm nBand Closes $14 Million Series B

SUNNYVALE, Calif. -- nBand Communications, a broadband
wireless technology company, said it closed its
Series B funding round with $14 million led by VantagePoint
Venture Partners. Original investors Axis Communications,
Sunrise Capital Fund, and several private investors
also participated. VantagePoint partner Matt Ocko
joined nBand's board of directors. The company will
use the funds toward hiring its engineering and
sales teams, product development, and marketing.
http://www.nband.com/
_____________________________________________

o CascadeWorks Raises $8 Million in Second Round of Funding

SAN FRANCISCO -- CascadeWorks, which provides Web-hosted
applications for managing Internet procurement services,
said it raised $8 million in its second round of
financing led by New Enterprise Associates (NEA).
The funding will be used to accelerate product development
and sales and marketing. Chip Linehan, partner at
NEA, will join CascadeWorks' board of directors.
CascadeWorks raised $1.1 million in January from
individual investors.
http://www.cascadeworks.com/
_____________________________________________

o E-business Firm Event Zero Gets $20 Million Round Two

ARLINGTON, Mass. -- Event Zero, a provider of Internet
and wireless systems for businesses, said it raised
$20 million in its second round of funding led by
First Union Capital Partners. Previous investors
Shawmut Capital Partners, Trident Capital, Integral
Capital Partners, and Sparkventures, also participated
in the round. The funds will be used to support
infrastructure expansion in the Boston, New York,
and San Francisco offices, as well as to enhance
service offerings. Event Zero clients include CBS
Employer Services, BankPass.com, and Brainshark.
http://www.eventzero.com/
_____________________________________________

o Mobile Net Firm Mobilocity Raises $21 Million Second Round

NEW YORK -- Mobilocity, a builder of mobile Internet
businesses, said it has raised $21 million in its
second round of funding led by Morgan Stanley Dean
Witter Private Equity. The round also included investments
from J.P. Morgan Capital; LabMorgan, the e-finance
unit of J.P. Morgan; Siemens Business Services Ventures;
Cambridge Samsung Partners; Telligent Capital; Comdisco
Ventures; Usheron Ventures; and Morrison & Foerster.
The funding will be used to continue Mobilocity's
growth in the U.S., fuel its expansion into Europe
and Asia, and further develop its Mobility Lab.
Mobilocity named Noah Walley, General Partner of
Morgan Stanley Dean Witter Venture Partners, to
its board. Mr. Walley joins a board comprised of
executives from LabMorgan, Cambridge Samsung Partners,
and LCC International. Prior investors in Mobilocity
include LCC International; Cambridge Samsung Partners;
WS Investment; and individual investors, including
current and former executives of Donaldson Lufkin
& Jenrette, Goldman Sachs, Morgan Stanley Dean Witter,
CIBC World Markets, and Chase Manhattan Bank.
http://www.mobilocity.net/
_____________________________________________

o VoDSL Provider Woodwind Closes $12.2 Million Second Round

GERMANTOWN, Md. -- Woodwind Communication Systems,
a provider of integrated access devices for broadband
services such as voice over digital subscriber lines,
said it completed its second round with $12.2 million.
The round included new investors Alta Partners,
SpaceVest, and Sterling Venture Partners, and original
investors Boulder Venture and Novak Biddle Venture
Partners. The company will use the funds for marketing
its broadband products.
http://www.woodwindcom.com/
_____________________________________________

o Freelancer Marketplace Guru.com Raises $44 Million C Round

SAN FRANCISCO -- Guru.com, a marketplace connecting
freelance professionals with contract projects,
said it has raised $44 million in its Series C round
of financing led by Investor AB. The round included
investments by August Capital, Credit Suisse First
Boston, Greylock, Tarrant Venture Partners, and
WR Hambrecht. American Express and Red Hat also
made investments in this round in a strategic alliance
that will provide American Express with small business
and financial products through Guru.com and will
combine Red Hat and Guru.com's resources in order
to build a project marketplace for the open source
Linux community. The company said it will use the
funds for product and technological development,
running its day-to-day operations, and to expand
its senior management team. Guru.com has raised
a total of $63 million in financing in the past
year. The company also named David Lee, a managing
director of Investor Growth Capital, to its board.
Investor Growth Capital is a venture arm of Investor
AB, Sweden's largest holding company.
http://www.guru.com/
_____________________________________________

o Net Messaging Provider @Once Closes $8.1 Million Series C

PORTLAND, Ore. -- @Once, an Internet messaging provider,
said it has raised $8.1 million in its Series C
round of funding from Olympic Venture Partners (OVP)
and previous individual investors. As a result of
the funding, David Chen, OVP Partner, will take
a seat on the company's board of directors. @Once's
services allow clients to learn about their customers
preferences and conduct targeted direct e-mail campaigns.
http://www.@once.com/
_____________________________________________

o Data Storage Company 3Ware Secures $43 Million in Series D

MOUNTAIN VIEW, Calif. -- 3Ware, which provides data
storage, back up, security, and management for Internet
applications, said it has secured $43 million in
its Series D round of funding. Investors in the
round include NeoCarta Ventures, Franklin Templeton,
New Enterprise Associates, Quantum Technology Ventures,
VantagePoint Venture Partners, Veritas Software,
as well as several strategic partners. The company
said it will use the funds to improve its services.
http://www.3ware.com/
_____________________________________________

o eNIC Gets $4 Million and Commitment for $21 Million More

SEATTLE -- eNIC, a top-level Internet domain name
registry, said it received a strategic financing
commitment of $25 million from Malaysian-based investment
holding company MOL.com Berhad. eNIC has received
$4 million so far. The remaining investment of $21
million will be made upon approval from the Malaysian
Securities Commission and the Foreign Exchange Department
of the Malaysian Central Bank. The funding will
be used for marketing, sales, and mergers and acquisitions.
http://www.enic.com/
_____________________________________________

o New Forum Gets $6 Million, Lamar Alexander Joins Board

CONSHOHOCKEN, Pa. -- New Forum Publishers, an Internet-based
provider of proprietary interactive educational
content, said it has raised $6 million in funding
from Walter W. Buckley Jr., president of Buckley
Muething Capital Management, and Walter W. Buckley
III, the president and CEO of Internet Capital Group.
The company said it will use the financing for sales
and marketing and to expand its product line. The
company also announced it has appointed Lamar Alexander,
a candidate for U.S. president in 1996 and 2000,
to its board of directors. Mr. Alexander served
as Secretary of Education under President George
W. Bush from 1991 to 1993. He also co-founded Simplexis,
an online educational service provider focusing
on K-12 schools and their suppliers.
http://www.newforum.com/
_____________________________________________

o Mobile Communications Software Firm Ecutel Gets $6 Million

ALEXANDRIA, Va. -- Core Capital Partners said it
had led a $6 million investment in mobile Internet
communications software company Ecutel. Other investors
included Intel, Updata Capital, McDonnell and Associates,
Steve Walker and Associates, and Avansis.  Ecutel
will use the funding for sales and marketing.
http://www.ecutel.com/
_____________________________________________

o Translation Software Firm Trados Receives $4 Million

ALEXANDRIA, Va. -- Trados, a provider of software
tools for translation professionals, said it received
$4 million in a round of financing. AdAstra Erste
Beteiligungs GmbH was the sole investor for the
round. The financing will be used for marketing,
sales, and product development. Previous investors
include Mercury Private Equity, a subsidiary of
Merrill Lynch & Co., and First Union Capital Partners.
http://www.trados.com/

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

o Info, Resource Site for Minority Businesses Announces Launch

NEW YORK -- MinorityInterest Network, which provides
online information, services, and resources to minority-owned
businesses, their employees, customers and related
community organizations, announced the launch of
the beta version of its Web site. MinorityInterest
Network is backed by CEA Latin American Partners,
Zero.net, and individual investors.
http://www.minorityinterest.com/
_____________________________________________

o Online Business Info Provider RhondaWorks Launches

PALO ALTO, Calif. -- RhondaWorks, a provider of
online and offline information, advice, and tools
for small businesses and entrepreneurs, said it
has launched. The company will offer an online interactive
business planning center that aims to enable and
assist entrepreneurs in starting up and growing
their businesses. The RhondaWorks team includes
both publishing and Internet veterans led by chief
operating officer Jim Schulte, formerly the editor-in-chief
of USATODAY.com, and Rhonda Abrams, founder and
CEO of RhondaWorks. The company is backed by individual
investors.
http://www.rhondaworks.com/
_____________________________________________

o Gilat-To-Home Becomes StarBand Communications

MCLEAN, Va. -- Gilat-To-Home, which provides consumer
focused two-way satellite broadband Internet service,
said it changed its name to StarBand Communications.
The company said the change in name represented
its new category Intenet high-speed delivery, which
it plans to launch this fall. StarBand is backed
by Gilat Satellite Networks, Microsoft, EchoStar
Communications, and ING Furman Selz Investments.
http://www.starband.net/
_____________________________________________

o Local Busines App Firm Dbusiness.com Now LocalBusiness.com

FORT LAUDERDALE, Fla. -- Dbusiness.com, an Internet
provider of local business applications, local news
and intelligence, tools, and research resources
for small and medium-sized businesses, said it has
changed its name to LocalBusiness.com. The company,
which recently acquired request-for-proposal provider
TrueAdvantage, said the name change reflects its
focus on local business applications and services.
LocalBusiness.com is backed by U.S. Equity Partners,
TMCT Ventures, and Tribune Ventures.
http://www.localbusiness.com/

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

o Contact Center Firm !hey Software Merges with icontact.com

NORTH ANDOVER, Mass. -- !hey software, a provider
of contact center and voice technologies, and icontact.com,
a personalized online communication software firm,
said the companies have merged to form new company
!hey. Terms of the merger were not disclosed. Duncan
Mackay, president and CEO of !hey software, will
remain as president and CEO of the new company.
Investors in !hey include Telecom-Internet Investors,
a subsidiary of Telecom Ventures, eCOM Partners,
Broadband Ventures, Goldman Sachs, and individuals.
http://www.heyinc.com/
_____________________________________________

o Tech Licensing Firm UVentures Buys Datamonitor's QX Health

NEW YORK -- UniversityVentures, a marketplace for
the technology licensing industry, said it has acquired
Datamonitor's QX Health technology assets and changed
its name to UVentures. The terms of the acquisition
were not disclosed. UVentures said the acquisition
will broaden its global technology transfer marketplace
and enhance its content and service offerings. UVentures
is backed by individual investors.
http://www.uventures.com/
_____________________________________________

o BarterNet Acquires Majority Interest in BXI Exchange

FOSTER CITY, Calif. -- BarterNet, a marketplace
for businesses to trade products and services, said
it has acquired a controlling interest in BXI Exchange,
a retail barter exchange in the U.S. with a roster
of 20,000 businesses in 85 markets throughout the
United States. Financial terms of the transaction
were not disclosed. BarterNet was previously a minority
shareholder. BarterNet is backed by Wand Partners,
Alignment Capital, and the partners of Parthenon
Capital.
http://www.barternet.com/

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

o Supply Chain B2B SupplyLinks Adds Curry to Board

SAN FRANCISCO -- SupplyLinks, an Internet business-to-business
supply chain network, said it appointed W. Roger
Curry to its board of directors. Mr. Curry was the
president and CEO of Consolidated Freightways and
a former colleague of SupplyLinks CEO David I. Beatson.
After being appointed president and CEO of Emery
Worldwide in 1994, Mr. Curry brought Mr. Beatson
on board as vice president of sales and marketing.
SupplyLink's board consists of Mr. Beatson, Mitch
Weseley, president and CEO of Global Logistics Technologies,
and Tim Sensenig, managing director of New Meadows
Venture Capital Partners. SupplyLinks is funded
by New Meadows Venture Partners and G-Log.
http://www.supplylinks.com/
_____________________________________________

o Former FCC Director Joins Hispanic Sports' Board

SAN DIEGO -- Former Federal Communications Commission
director Francisco Montero joined the board of directors
for Hispanic Sports, a company that acquires the
exclusive Spanish-language radio, television, and
Internet broadcast rights to professional U.S. sports
teams and leagues. Mr. Montero is a partner with
the Washington D.C. law firm of Shaw Pittman Potts
& Trowbridge in its telecommunications and technology
practice group. Hispanic Sports is backed by Bencap
Partners and recently closed an undisclosed seed
round of funding. The company is in the process
of raising its first funding round. Telephone 619-920-7609.

_____________________________________________

o Money Management Services Provider eBalance Adds to Board

SAN RAMON, Calif, -- eBalance, which provides market
research to financial institutions by offering online
money management services to individual consumers,
said it named Mark A. Johnson to its board of directors,
bringing the board to five members. Mr. Johnson
was former vice chairman of CheckFree, an Internet
billing and payment service. eBalance is funded
by Signia, Alliant Partners and Internet Angels.
http://www.ebalance.com/
_____________________________________________

o ARM Holdings COO Joins NCipher Board of Directors

WOBURN, Mass. -- nCipher Corporation, a developer
of security products for e-commerce and Public Key
Infrastructure (PKI) applications, said it has appointed
ARM Holdings chief operating officer Jamie Urquhart
to its board of directors. Mr. Urquhart joins nCipher
founders and executive directors Alex and Nicko
van Someren and fellow board members Ossama Hassanein
of Newbury Ventures, Richard Gourlay of Top Technology,
and Roger Maggs of Celtic House Investment Partners.
nCipher also announced the completion of a round
of funding in which Deutsche Bank became a shareholder.
The majority of nCipher's existing institutional
investors also increased their stockholdings. The
terms for this recent round of funding have not
been disclosed. Ncipher has received funding from
Celtic House Investment Partners, Newbridge Networks,
Newbury Ventures, Security Dynamics Technology,
and Top Technology.
http://www.ncipher.com/

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

o Mobilestop Hires Former Ericsson Exec. As President, CEO

MIAMI -- Mobilestop, which provides an e-commerce
platform for wireless carriers, said it has appointed
Hakan Wretsell as its new president and CEO. Mr.
Wretsell is former executive vice president and
general manager of the Americas division at Ericsson
Mobile Phones, and was vice president of Ericsson
Mobile Phones Latin America. He will replace Arnthor
Halldorsson, who now assumes the position of executive
vice president of development. Mobilestop has received
venture capital from Swedish firm Novestra, Time
Vision, Artic Ventures, Talenta-Internet and individual
investors. The firm is based here and has offices
in Buenos Aires, Luxembourg, Oslo, Reykjavik, Sao
Paolo, Seattle, and Stockholm.
http://www.mobilestop.com/
_____________________________________________

o DailyShopper Network Names Ex-L.A. Times VP President & COO

SEATTLE -- DailyShopper Network, which provides
online promotion services for traditional retailers,
said it named Carol Perruso as its president and
COO. Ms. Perruso was most recently president of
latimes.com and vice president of the Los Angeles
Times. Ms. Perruso succeeds company co-founder and
former president Michael Skinner, who is no longer
with the company. DailyShopper Network is backed
by Madrona Venture Group and Voyager Capital.
http://www.dailyshopper.net/
_____________________________________________

o XML App Firm Vordel Names Former Siemens Exec as CEO

DUBLIN -- Vordel, a provider of Talk XML, which
delivers applications that enable enterprises to
establish secure communication channels to organizations
in their business networks, named David Ryan as
chief executive officer. Prior to joining Vordel,
Mr. Ryan was chief executive officer of Siemens
Business Services in Ireland and was acting chief
executive officer of SSE, the Siemens Internet security
firm. Vordel is backed by individual and institutional
investors.
http://www.vordel.com/
_____________________________________________

o Former Internet Capital Group Exec Named CEO of XYAN.com

KING OF PRUSSIA, Pa. -- XYAN.com, an online resource
for comprehensive digital content management and
document production, said it has named Richard G.
Bunker Jr., former managing director and chief technology
officer of Internet Capital Group, as chief executive
officer and president. Mr. Bunker, who was a member
XYAN.com's board of directors, replaces John H.
Foster, who will remain as chairman of the company's
executive committee. Mr. Bunker, who will no longer
serve on XYAN's board, is also former president
and CEO of Reality Online, a provider of online
investing products, hosting, and tech support for
financial services firms. He was previously senior
vice president and chief information officer of
SEI Investments. XYAN is funded by venture capital
firm Foster Management.
http://www.xyan.com/
_____________________________________________

o Authentication Provider BioNetrix Names Ex-Previo Chief CEO

VIENNA, Va. -- BioNetrix Systems, a provider of
personal authentication security, said John Ticer
has been named CEO, replacing co-founder Peter Bianco
who will become vice chairman and executive vice
president of marketing and business development.
Ticer was formerly CEO of Previo, a computer systems
management company. BioNetrix investors include
Carlyle Venture Partners, Columbia Capital, the
Dinner Club, and individual investor Steve Walker.
http://www.bionetrix.com/
_____________________________________________

o Newmediary.com Hires Former Adsmart CEO as President, CEO

NEWTON, Mass. -- Newmediary.com, a network of online
marketplaces for e-commerce services, named John
Federman as president and CEO. Mr. Federman joins
Newmediary.com from Engage Technologies, where he
served as executive vice president of worldwide
sales and business development. Prior to joining
Engage, Mr. Federman was the CEO and president of
Adsmart, a CMGI-backed Internet advertising network.
Newmediary has secured venture capital from Advanced
Technology Ventures, CommonWealth Capital, and Still
River Fund.
http://www.newmediary.com/
_____________________________________________

o U.K. Internet Graphics Firm ZY.com Appoints New CEO

MENLO PARK, Calif. -- ZY.com, a U.K.-based provider
of Web graphics and Web page building services,
said it appointed Tony Vine-Lott as chief executive
officer. Mr. Lott previously served as a managing
director at Barclays. ZY.com is backed by ICE Securities
and undisclosed institutional investors. The company
said it is exploring the possibility of undertaking
an initial public offering later this year on a
European exchange and is also considering a U.S.
listing.
http://www.zy.com/
_____________________________________________

o Virtue Names Freshmarketing.net Co-Founder as President

NATICK, Mass. -- Virtue Ltd., a 3-D graphics software
provider, said it appointed Lori Dustin as president
of its U.S. subsidiary. Dustin formerly co-founded
and was CEO for freshmarketing.net, an Internet
marketing firm. Virtue Ltd. is backed by Technoplast
Technologies, Technorov Holdings, and Yardworth
B.V.
http://www.virtue3d.com/

======= VC Fund News =======

o Pacifica Fund Gets $25 Million to Build Early Stage Fund

REDWOOD SHORES, Calif. -- Pacifica Fund has raised
$25 million and anticipates raising an additional
$10 million to establish an investment fund focused
on early stage companies. Investors include global
corporations, private individuals, and a management
consulting firm.  The fund will focus on first round
capitalization, making investments in the range
of $500,000 to $1,250,000 with additional participation
in subsequent rounds.  The general partners, who
have operational experience in both Global 500 and
small venture companies, expect to make between
15 and 20 deals with the new fund.  Pacifica Fund
invests in communications technologies and services,
business infrastructure transformation, and basic
enabling technologies for emerging IT platforms.
http://www.pacificafund.com/
_____________________________________________

o TechnoCap Raises Additional $74.4 Million For New Fund

MONTREAL -- TechnoCap, a venture capital firm, said
it raised an additional C$110 million ($74.4 million),
bringing its total capital to C$210 million. Investors
in the firms most recent fundraising include Bombardier
Trust, Desjardins Pension Fund, the Solidarity Fund,
and TechnoAnge.
http://www.technocap.com/

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

o North Castle Partners

NEW YORK -- A story in the September 8 issue of
VentureWire misspelled the last name of the former
Nabisco CEO who is a new general partner at North
Castle Partners. She is Ellen R. Marram, not Miram.

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---------------------- Forwarded by Mary Poorman/NA/Enron on 01/25/2001 10:47
AM ---------------------------

"Shankster JL (Luther)" <JLShankster@equiva.com> on 01/25/2001 10:33:52 AM
To: "'Lamphier, Gary'" <glamphi@enron.com>
cc: kyle.r.lilly@enron.com, mary.poorman@enron.com, "Carter, John"
<JCCarter@equiva.com>, "Ricks, Ruth" <RARicks@equiva.com>

Subject: February Nominations at Shell Deer Park

Gary,

February 2001 nominations for gas delivery to Shell Deer Park are as
follows:

Firm Baseload - 75,000 MMBtu/d
Spot Swing supply - 0 (zero)

Delivery of the above contract quantities is expected to be as follows:

  HPL-HP   HPL-E   HPL-S
 Firm 15,000 MMBtu/d 25,000 MMBtu/d 35,000 MMBtu/d

Turnaround activity started in January is expected to continue for the
duration of February

Please let me know if you have any questions

J. Luther Shankster

Energy & Utilities Planning
> Phone: 713/277-9307
> Fax: 713/277-9941
> E-Mail: jlshankster@equiva.com
> Home Page: http://rsweb
>