How difficult issues are resolved in Illinois..........
---------------------- Forwarded by Richard Shapiro/NA/Enron on 11/30/2000
08:06 AM ---------------------------
From: Susan M Landwehr on 11/29/2000 10:08 PM
To: James D Steffes/NA/Enron@Enron, Harry Kingerski/NA/Enron@Enron, Richard
Shapiro/NA/Enron@Enron
cc:

Subject:

Rick/Harry/Jim--- it's a tie this year for who is the worst player in the
energy business---I can't decide which is more appalling---  Commissioner
Ruth Kretschmer's blatant grab for her legacy or Commonwealth Edison's sleazy
tactics.

You'll recall that Com Ed has been trying to get accelerated collection of
the decommissioning costs ($120 mil per year for 6 years) despite the fact
tht they're planning on transferring their nuclear plants to an unregulated
Genco.  The battle has been ongoing at the ICC, and the customers and CUB and
other intervenors have been successful in getting the hearing examiner to
state that Com Ed should not be able to collect any dollars if they transfer
the assets.  Our hope was that the ICC would actually agree with the hearing
examiner and deny the request, and that Com Ed would have to go to the
legislature to get language that would allow them to collect.  The ICC has
not ruled yet.  Anticipating that COm Ed would simultaneously work the
legislative side,we have been working at the statehouse for about a month to
sow the seeds to make sure that we could block them enough to get a trade
such as a year or two of CTC early roll off.  The legislature is in veto
session right now, and Com Ed has not been able to get enough backing to move
a bill.

So....low and behold, a fax comes across this evening and it's a letter to
the ICC from Com Ed offering to donate 2 of it's nuclear station sites to the
citizens of Illinois to use as public parks after the sites are
decommissioned if they are given the full $120 mil/6 year collection. And
gee, do you think that maybe one of the parks would be named after the woman
who brought it to the people!!??

There has been a rumor for about a year that Ruth had been angling with John
Rowe to have one of the nuclear sites donated in her name, and she started
ruminating in public and in semi public meetings about 6 weeks ago about the
general concept.

Part of me wishes that we didn't have any business interests that need
protecting in Illinois, as I  really would like to give a quote to Crains or
the Tribune tomorrow slamming Kretschmer and Com Ed. Isn't this just the
height of arrongance and corruption??!!

I'll be sending out a general info e mail tomorrow on this development to the
Project Lincoln team and of course Roy that is a bit more sanitized, but
wanted you guys to know the real scoop (plus I think I just wanted to vent!)


Count me too!

 -----Original Message-----
From: 	Kanji, Ayesha
Sent:	Friday, October 19, 2001 9:13 AM
To:	DL-Warriors List
Cc:	Allan, David; Carter, Karen E.; Perez, Eugenio; Determeyer, Peggy; Singh, Vikram; Reed, Andrea V.
Subject:	Black Scholes Model with Eugenio

Hello Warriors,

I had expressed an interest in learning about the Black Scholes model, and Eugenio suggested that we get a group of warriors together who would be interested in learning about Black Scholes -- as it is fundamental to understanding derivatives.  If you are interested, please email me and schedules permitting, we can schedule a session this afternoon.

Ayesha


This e-mail is confidential and may well also be legally privileged. If you
have received it in error, you are on notice of its status.  Please notify us
immediately by reply e-mail and then delete this message from your system.
Please do not copy it or use it for any purposes, or disclose its contents to
any other person:  to do so could be a breach of confidence.  Thank you for
your co-operation.  Please contact our
IT Helpdesk on +44 (0) 20 7936 4000 Ext.2000 or email ITHelp@freshfields.com
if you need assistance.

I will arrange for Nick Van Dusen of our offices to get these documents to
you.
Thank you
Isabel

-----Original Message-----
From: Campbell, Carolyn [mailto:CCampbell@KSLAW.com]
Sent: Thursday, May 17, 2001 4:05 PM
To: 'gregorylang@paulhastings.com'; 'iparker@freshfields.com'
Cc: 'kay.mann@enron.com'
Subject: Salmon Transaction between ENA and PPL

Greg and Isabel:

I still need signed copies of the following closing documents for our
closing volumes:

1.  Legal Opinion of counsel to GE;
2.  GE Parent Guaranty;
3.  Promissory Note of the LLC payable to PPL;
4.  Security Agreement by the LLC in favor of PPL;
5.  Financing Statements by the LLC;
6.  Letter of Credit furnished by GE;
7.  GE Acknowledgement of Receipt; and
8.  Consent of Directors of the LLC electing officers (signed by Kenneth
Ross).

Also, we have signed copies, but would like original signatures of the
parties other than ENA if available, of the following documents:

1.  Letter Agreement;
2.  Escrow Agreement;
3.  GE Letter re Forms of Agreement;
4.  ENA Letter re Forms of Agreement;
5.  Entitlement Letter Agreement;
6.  ENA Consent and Agreement;
7.  GE Consent and Agreement; and
8.  Escrow Disbursement Instructions.

As to the second list, there is no need for re-execution of any documents,
but I recall that you were having a sufficient number of originals signed by
your clients to provide an original signature to ENA.  Please advise of the
timing for forwarding these documents.  Thank you.

Carolyn M. Campbell
King & Spalding
713-276-7307 (phone)
713-751-3280 (fax)
ccampbell@kslaw.com <mailto:ccampbell@kslaw.com>

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


If u r there send me a message.

Vince


Here is a summary of my telephone conversation with Jay Hopper of KN Energy:

1.  KN has permitted its 550 MW Arkansas plant (and received its Entergy
interconnection agreement) and is out for bid on tolling agreements.  They
have two counterparties who have bid a 15 year tolling agreement --437 MW,
mid 7,000 heat rate; 5.75 KW-mo.; 113 MW duct firing, 4.75 KW-mo.; 3.00 mill
escalating variable O&M charge.  KN has also conducted construction bids.
[For our LM-6000 activities, seeing all this information would be extremely
valuable].

2.  KN has a draft air permit on its Jackson Michigan plant.  They will know
in 45 days if approved.  All other permits received. Since this project was
first in the cue when we last talked to KN, I suspect something negative has
happened to slow it down.

3.  KN has sites in Oklahoma, Dallas and Chicago (4).

4.  KN and another party have 6 7FA turbines for June '01 projects in
Illinois.  KN supposedly controls the turbines.  I asked KN if they would be
interested in doing deals in other states with these turbines.  They said
possibly.  The other counterparty would need an equity participation in the
end project.  I also told them that to the extent that they did Illinois
projects, we could be of assistance to them on reg. cap. pricing and sales
tax strategies.

5.  KN has sites in Ohio and Geary, Indiana where a coal affiliate would take
back a 30 year 100 mw PPA for both sites.  Given this contract, KN may
entertain doing a deal with a merchant component.

6.  I asked Jay how KN would be interested in ENA participating in these
projects.  KN is not interested in taking too much commodity risk.  Hence,
our proposal of doing a fixed price toll for 5 years and a floating index
price for an additional 15 years would not be of interest to them (evidently
Kinder laughed at the proposal; though in Jay's telephone message he
indicated that Kinder was interested in the structure).  If there was a floor
that covered debt service in the merchant years (along with some upside
participation for KN--Jay threw out a 20% participation), then they would be
interested in doing a deal.

7.  They would also entertain selling a 50% or 100% interest in these
projects.

8.  Jay told me that KN is looking to make a steady and predictable income
from these plants.  Thus far, his group has not made any money.  My sense is
that they are looking for money or a story (ENA name).  I would suggest
taking a pass at purchasing the Arkansas plant (to get their attention and
see their project information) in an effort to get involved in the 7FA and
ECAR projects.  If KN does have a long-term tolling agreement, then would
should be able to lay off a large portion of the financial risk associated
with the Arkansas transaction.  We could also look at applying Don's
structure to the Arkansas transaction.  Needless to say, the 7FAs slots, if
real, would allow ENA to do something strategic in Florida and Iowa.


Kristin -

I have attached a revised and clean draft of the Annex marked to reflect the
comments provided to me by Susan.  I have also addressed the change that you
requested in the final paragraph.

Please look over the attached and let me know if there are any further
changes that you would like to see.

Thanks.

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


Ed,

Gerald, Joe and I meet today at 3:30pm regarding MCV.  It was decided that we still need to continue to cure the contract.  According to our accounting group they have been paid for December and November.  I spoke with Lee Smith today at 3:50pm.  He said MCV will have nominations in place to accept supply for the month of February.  We are looking to buy gas from the following counterparties.  MidAmerican, Nicor Enerchange L.L.C., and Sequent.

Sylvia


Please see attached draft.   I will forward same to Clarence Mitchell.

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


Tana will be in late today.  Her purse was lost last night and she is home
cancelling all cards, etc.


======================================================
VENTUREWIRE --- Monday, October 23, 2000
======================================================
Private Company Business News
------ Published Daily by Technologic Partners -------
http://technologicpartners.com
======================================================

Top Stories:

o VantagePoint Closes $1.6 Billion Fund
o Eve.com, Online Beauty Retailer, Shuts Down
o Operating Company Raza Foundries Raises $125 Million
o Network Photonics Raises $106.5 Million In Second Round

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@HOME. BRIGHTLINK. PURE MARKETS. MOBILEUM WIRELESS.

WE BUILD MARKETING WEBSITES: $25,000

WORKBOX
http://www.workbox.com
(415) 781-0444

|||||||||||||||||||||||||||||||||||||||||||||||||||||||

Also in This Issue:

New Money:
o Information Security Firm Riptech Gets $23 Million Round One
o Digital Archiving Service Lands $18 Million in Series A
o Presenter.com Raises $13 Million, Spins Off China Unit
o Finnish GPS Firm Fastrax Gets $1.1 Million in Round One
o Interactive Content Firm Inpix Gets $1.7 Million Round One
o Web Hiring Firm Powerhiring Gets $1.6 Million in Seed Round
o Web Supply Chain Econnections Gets $77 Million in Series C
o Network Processor Firm Lara Networks Gets $40 Million
o TeleKnowledge, Broadband Billing Firm, Gets $35 Million
o Web Video Delivery Firm Vividon Gets $15 Million Round Two
o Broadband Company Massana Lands $16.5 Million Second Round
o Gomez Gets $9.3 Million Series D, Withdraws IPO Registration
o Net Data Firm Fetch Raises $1.15 Million Bridge Round
o Software Technology Developer ieWild Secures $2 Million

New Deals:
o Snickelways Cuts 30% of its Workforce in Two Reductions
o Red Herring Communications Eliminates 22 Jobs

M&A:
o Routing Switches Designer Unisphere Acquires BroadSoft

New Directors:
o Car Service Firm Texas Tea Adds to Board
o PharmQuest.com Names Two New Members to Board

New People:
o e-Business Services Provider Iconixx Names First President

VC Fund News:
o Garage.com Pulls IPO Citing General Market Conditions
o Amadeus Capital Closes Second Fund With $340 Million
o NewMedia Spark Acquires U.K. Venture Firm For $115.6 Million
o Firm Now Called OVP in Response to Olympic Committee Charges

VC Personnel:
o WaldenVC Names Former Broderbund COO McDonagh as Partner

VW Corrections:
o Argus Capital

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

o VantagePoint Closes $1.6 Billion Fund

SAN BRUNO, Calif. -- VantagePoint Venture Partners
said it closed on a new $1.6 billion fund. The fund,
VantagePoint Venture Partners IV, will primarily
finance early-stage companies. Its focus will include
businesses developing new products and services
in the areas of optics, semiconductors, and Internet
infrastructure. VantagePoint seeks to be the lead
investor in the firms it finances. It has been investing
the fund since May and has thus far made about ten
deals.
http://www.vpvp.com/
_____________________________________________

o Eve.com, Online Beauty Retailer, Shuts Down

SAN FRANCISCO -- Struggling online beauty products
retailer Eve.com said it will close its operations.
The company said it could not raise enough additional
capital and could not reach profitability based
on the sale of cosmetics alone. Eve.com said it
laid off most of its 164 employees and would fill
and ship orders received up to midnight on October
19. The company was backed by Charter Venture Capital,
Crosslink Capital, idealab!, Menlo Ventures, and
Weiss, Peck and Greer Venture Partners.
http://www.eve.com/
_____________________________________________

o Operating Company Raza Foundries Raises $125 Million

SAN JOSE, Calif. -- Raza Foundries, which builds
and operates broadband networking and communication
companies, said it closed its Series C round of
funding for $125 million. New investor Cisco Systems
led the round, which included new investors Applied
Micro Circuits, Broadcom, Infineon, LSI Logic, PMC
Sierra, Siemens, Virata, and Xilinx. The latest
round brings the company's total funding raised
to approximately $175 million. None of the investors
in the Series C round will have representation on
the company's board of directors. Raza Foundries
was founded by chief executive officer S. Atiq Raza
in 1999 and has invested and provided services to
14 portfolio companies, including Maple Optical
Systems, Yuni Networks, and Pacific Broadband Communications.
The company has also received backing from Benchmark
Capital, Bowman Capital, and TCV. Raza Foundries
provides in-house product and company development
and management services.
http://www.razafoundries.com/
_____________________________________________

o Network Photonics Raises $106.5 Million In Second Round

BOULDER, Colo. -- Network Photonics, which develops
and provides optical networking technologies, said
it raised $106.5 million in its second round of
venture capital funding. The round was led by The
Sturm Group, with Spectrum Equity Investors, Mustang
Ventures, New Enterprise Associates, and U.S. Venture
Partners co-investing. The company said it will
use the funding to develop its switching and systems
technologies and meet the demands for new personnel.
Greg Williams, principal of the Sturm Group, and
Neal Douglas, managing director for Spectrum Equity
Investors, will both take seats on the Network Photonics
board of directors as a result of the investment.
http://www.networkphotonics.com/

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

o Information Security Firm Riptech Gets $23 Million Round One

ALEXANDRIA, Va. -- Riptech, an information security
service provider, said it raised $23 million in
its first round of funding led by Providence Equity
and Columbia Capital. Riptech said it will use the
additional capital to expand its domestic and international
operations, improve services and further develop
its channel and technology partnerships. Columbia
Capital and Providence Equity will be represented
on Riptech's board of directors. Previous investors
in Riptech include: Broadview International; John
Ryan, CEO, Entrust Technologies; Levy Gerzberg,
CEO, Zoran Corp.; George Hara, managing partner,
Defta Partners; Dr. Eric Clemons, professor, The
Wharton School of the University of Pennsylvania;
Dalia Prashker, former president, New Dimension
Software; and Gur Shomron, founder, RightOrder.com.
http://www.riptech.com/
_____________________________________________

o Digital Archiving Service Lands $18 Million in Series A

CULVER CITY -- Archive, a digital archiving and
analysis service founded by the founders of shipping
and mailing firm Stamps.com, said it raised $18
million in its Series A round of funding from Mayfield
Fund, VeriSign, Orable, EMC, Silicon Valley Bancshares,
InnoCal Venture Capital, and Rare Ventures. The
company will use the funds to develop its service
and technology, and toward sales and marketing.
http://www.archive.com/
_____________________________________________

o Presenter.com Raises $13 Million, Spins Off China Unit

SAN JOSE, Calif. -- Presenter.com, which provides
companies and individuals with online presentation
services, said it received more than $13 million
in its Series C round of funding led by new investor
WK Technology Fund. Previous investor Softbank,
along with new investors WI Harper Group, Fortune
Venture Investment Group, and Cornerstone Capital
also participated this round. The company, which
raised $6.5 million in its last round, is also backed
by Trans Cosmos and The Sculley Brothers. Shawgang
Yang of WK Technology Fund will join the company's
board of directors. Presenter.com's product, Instant
Presentation, which launched last November, combines
streaming audio with slides, table of contents,
and navigation control to create an interactive
presentation independent of bandwidth. Presenter.com
International, a spin-off from Presenter.com, which
provides presentation services to the greater China
market, said it closed its series A round with $7
million funded by Softbank, WK Technology Fund and
WI Harper Group.
http://www.presenter.com/
_____________________________________________

o Finnish GPS Firm Fastrax Gets $1.1 Million in Round One

HELSINKI, Finland -- Fastrax Oy, which specializes
in global positioning technology, said it raised
FIM 7.8 million ($1.1 million) in its first round
from Startupfactory, Innocap, and Suunto. The company
will use the funds to develop its new GPS receiver,
to be used in small portable devices.
http://www.fastrax.fi/
_____________________________________________

o Interactive Content Firm Inpix Gets $1.7 Million Round One

MONTREAL -- Investissement Desjardins said it invested
$1.7 million in Inpix Media, which develops interactive
content for the Web and interactive television,
as part of its first round of funding. Inpix Media
also received $2.3 million in technology systems
assets from Groupe Pixcom. The company said it will
use the funding for product development and marketing.
http://www.inpixmedia.com/
_____________________________________________

o Web Hiring Firm Powerhiring Gets $1.6 Million in Seed Round

TUSTIN, Calif. -- Powerhiring.com, an online hiring
system, said it raised $1.6 million in its seed
round. The company received additional funds from
Farm Capital Services, which invested $642,000 in
May. Peterson Ventures and individual investors
also participated.  Ken Saxon, Farm partner, will
join the company's board of directors. The company
will use the funds to build the company's infrastructure
and marketing.
http://www.powerhiring.com/
_____________________________________________

o Web Supply Chain Econnections Gets $77 Million in Series C

LOS ANGELES -- Econnections, a provider of Internet-based
supply chain management products and services, said
it raised $77 million in its Series C round from
Silver Lake Partners and Red Rock Ventures. The
company will use the funds toward sales and marketing
and building its infrastructure.
http://www.econnections.com/
_____________________________________________

o Network Processor Firm Lara Networks Gets $40 Million

SAN JOSE, Calif. -- Lara Networks, which develops
network application processors for Internet infrastructure,
said it raised $40 million in its second round of
funding. The round was led by Raza Ventures and
included additional investments from Battery Ventures,
Investar Capital, and TeleSoft Venture Partners.
Investment banks BancBoston Robertson Stephens,
U.S. Bancorp Piper Jaffray, Dain Rauscher Wessels
Inc., and Needham & Co. also participated in the
round. The company said it will use the funding
to accelerate the development of new products and
services. Lara Networks was spun-off of Lara Technology
in January 2000. The company had received initial
funding from investors inlcuding Battery Ventures,
Investar Capital, and TeleSoft Venture Partners.
http://www.laranetworks.com/
_____________________________________________

o TeleKnowledge, Broadband Billing Firm, Gets $35 Million

FRAMINGHAM, Mass. -- TeleKnowledge, which provides
billing and revenue management services for broadband
related communications, content and service providers,
said it raised $35 million in its fourth round of
funding. The round was led by new investor 3i. Additional
investors in the company's latest round included
Merrill Lynch Ventures, DRW Venture Partners, and
Tamir Fishman. Previous investors Jerusalem Venture
Partners, Siemens Mustang Ventures, and Ze'evi Computers
Technologies also participated in the round. The
company said it will use the funding to continue
development of new products and technologies and
expand its sales and marketing in the U.S. and Europe.
The TeleKnowledge product automates revenue sharing
and commission arrangements between providers and
channel partners. Nelson Stacks, of 3i, will take
a seat on the TeleKnowledge board of directors.
http://www.teleknowledge.com/
_____________________________________________

o Web Video Delivery Firm Vividon Gets $15 Million Round Two

SUDBURY, Mass. -- Vividon, an Internet infrastructure
company focused on improving video delivery on the
Web, said it completed its second round of financing
for $15 million. Venrock Associates led the round
and was joined by previous investors Atlas Venture;
Carlyle Venture Partners, an affiliate of the Carlyle
Group; and individual investor James Dow. The company
said it will use the funding to accelerate the product
development of its content delivery servers and
expand sales and marketing.
http://www.vividon.com/
_____________________________________________

o Broadband Company Massana Lands $16.5 Million Second Round

PALO ALTO, Calif -- Massana, a broadband digital
communications company, said it secured $16.5 million
in its second round of financing led by the private
equity arm of Dresdner Kleinwort Benson. JAFCO,
a Japanese venture firm and previous investors ACT
Venture Capital of Dublin, Ireland, BancBoston Capital,
and Vision Capital also participated in this round.
Massana will use the funding to deploy its Gigabit
Ethernet products and for new product development.
Massana has raised $23.5 million to date. A member
of Dresdner Kleinwort Benson will take the seventh
seat on Massana's board of directors.
http://www.massana.com/
_____________________________________________

o Gomez Gets $9.3 Million Series D, Withdraws IPO Registration

LINCOLN, Mass. -- Gomez, which provides e-commerce
customer experience measurement, benchmarking, and
customer acquisition services, said it has secured
$9.3 million in its Series D round of funding from
previous investors led by Softbank Ventures. Other
investors are BancBoston Ventures, HarbourVest Partners,
Dolphin Communications Partners and John Hancock
Global Technology Fund. All of these investors participated
in Gomez' Series C round, which raised $28.5 million
and closed in February. The company also announced
it is withdrawing its registration statement for
initial public offering because of market conditions.
http://www.gomez.com/
_____________________________________________

o Net Data Firm Fetch Raises $1.15 Million Bridge Round

MARINA DEL REY, Calif. -- Fetch Technologies, which
is developing technology for extraction and integrating
of Internet data, said it has raised $1.15 million
in a bridge round of funding from undisclosed investors.
Fetch, which is currently in its Series B round,
raised $1.5 million in its Series A round. The company
was formerly known as  Dynamic Domain.
http://www.fetch.com/
_____________________________________________

o Software Technology Developer ieWild Secures $2 Million

OMAHA, Neb. -- Odin Capital Group announced it is
investing $2 million in ieWild, a developer of proprietary
software technology for marketing, for an undisclosed
equity stake in the company. First Data Resources,
an electronic card payment system company, has also
taken a minority stake in ieWild, following the
recent completion of a strategic agreement between
the two companies. Donna Walsh, a partner with Odin,
has been elected to sit on ieWild's board of directors.
http://www.iewild.com/

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

o Snickelways Cuts 30% of its Workforce in Two Reductions

NEW YORK -- Snickelways Interactive, a provider
of Internet commerce services, said it laid of 40
of its 120 workers within the past month. The company
said that it let go 20 employees on September 12
and recently reduced its staff further by another
20 positions. The company said it made the cuts
to restructure for a changing business cycle and
to put the company in a better position for profitability.
The departments affected by the layoffs include
management consulting, non-strategic technical staff,
administrative, and human resources. Snickelways
is backed by Hudson Ventures, New Light Associates,
Prudential Securities affiliate Roman Arch Funds,
and Walden Capital.
http://www.snickelways.com/
_____________________________________________

o Red Herring Communications Eliminates 22 Jobs

SAN FRANCISCO -- Red Herring Communications, which
publishes a print and online news publication and
operates industry events, said it eliminated 22
positions from its 350-member staff. The company
said the layoffs were the result of redundancy in
its workforce after Red Herring's May acquisition
of Stockmaster.com. The company also said it made
the reductions in combining its editorial team,
which produces both an online and print publication.
Red Herring will also begin publishing its monthly
magazine bi-weekly, the company said. The company
recently named former Times Mirror Interactive leader
Hilary A. Schneider as its new chief executive officer.
Red Herring Communications is backed by Broadview
Capital partners and ZDNet.
http://www.redherring.com/

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

o Routing Switches Designer Unisphere Acquires BroadSoft

CHELMSFORD, Mass. -- Unisphere Networks, which designs
and sells routing switches and network management
software that facilitates the implementation of
high-speed data services, said it is acquiring BroadSoft,
a vendor of service delivery and creation systems
for telephony applications. The financial terms
of the acquisition were not disclosed. The BroadSoft
team will join Unisphere's voice products group,
led by chief operating officer Tom Burkardt. BroadSoft's
founder, president and CEO, Michael Tessler, will
head the group. Broadsoft was funded by Bessemer
Venture Partners, Broadband Office, Charles River
Ventures, Columbia Capital Corporation, Comdisco
Ventures, and Crescendo Ventures. Siemens owns a
96% of Unisphere Networks,  which was formerly called
Unisphere Solutions.
http://www.broadsoft.com/
http://www.unispherenetworks.com/

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

o Car Service Firm Texas Tea Adds to Board

SAN JOSE, Calif. -- Texas Tea, which provides Web-based
automotive services,  said it named Tom Millhoff
to its board. Mr. Millhoff is vice president of
corporate development for CampusEngine.com. He previously
served in management positions at Clorox and Ticketmaster
Online-CitySearch. Texas Tea is backed by Springboard
Angels, Sierra Angels, and BH Equity.
http://www.texastea.com/
_____________________________________________

o PharmQuest.com Names Two New Members to Board

SAN JOSE, Calif. -- PharmQuest.com, which provides
Internet services for drug development to the pharmaceutical
and biotechnology industry, said it named Inhale
Therapeutic Systems president and CEO Ajit Gill
and former FDA commisioner Dr. Jere Goyan to its
board of directors. Dr. Goyan currently serves as
Dean Emeritus of the School of Pharmacy at the University
of California, San Francisco. The company is backed
by Storm Ventures; Mr. Gill; Dr. Goyan; Gary Dillabough,
director of business development at eBay; Dinesh
Patel, founder and former CEO of Theratech; Suhas
Patil, founder Cirrus Logic, Cybermedia, and navin.com;
and Sam Srinivasan, chairman of CyberPlus and HealthLanguage.com.
The board now totals seven members.
http://www.pharmquest.com/

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

o e-Business Services Provider Iconixx Names First President

HOUSTON -- Iconixx, an e-business services provider,
said it appointed  D. Derrik Deyhimi as the company's
first president and COO. Mr. Deyhimi previously
served as president of the Western region for Iconixx.
Prior to joining Iconixx, he co-founded and served
as CEO and president of EnterpriseWorks, a business
applications, integration, and professional services
firm that was acquired by Iconixx in March. Iconixx
uses broadband, wireless, and other Internet technologies
to provide e-business services to clients. The company
is backed by Thayer Capital.
http://www.iconixx.com/

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

o Garage.com Pulls IPO Citing General Market Conditions

NEW YORK -- Garage.com, which helps high-tech startups
raise seed funding by matching them with strategic
investors, withdrew its IPO. The company cited unfavorable
market conditions. Garage.com is backed by 3i, Clal
Industries, Goldman Sachs, Hikari Tsushin, Advanced
Technology Ventures, Credit Suisse First Boston
Technology Group, Draper Fisher Jurvetson, E*Trade,
Highland Partners, and Mayfield Fund.
http://www.garage.com/
_____________________________________________

o Amadeus Capital Closes Second Fund With $340 Million

LONDON -- Amadeus Capital Partners, a venture capital
investor in early stage technology companies, said
it closed its second fund with GBP 235 million ($340
million) in capital. The fund was launched in April
with an expected cap of GBP 200 million. New investors
in the fund included Marconi, Oracle, and Infineon.
Previous corporate investors Microsoft, Reuters,
and Deutsche Telecom and two major British pension
funds, Shell and NatWest, were also involved in
financing the firm's most recent fund. The fund
has already made investments in LeatherXchange,
a Barcelona-based B2B sire, for the worldwide leather
industry, and Southampton Photonics, a U.K. company
designing and manufacturing fiber-optic components
for the telecommunications market.
http://www.amadeuscapital.com/
_____________________________________________

o NewMedia Spark Acquires U.K. Venture Firm For $115.6 Million

LONDON -- NewMedia Spark, the publicly traded UK-based
venture capital firm, said it acquired Internet
Indirect, an early stage venture capital investor.
The acquisition was valued at GBP 80 million ($115.6
million) and will create largest publicly-traded
venture capital firm in London. The enlarged NewMedia
Spark group will hold $130 million in cash available
for investment. NewMedia Spark said the acquisition
provides greater financial strength for European
expansion. The new company has a portfolio of 54
investments in which it has placed $202.3 million.
http://www.newmediaspark.com/
_____________________________________________

o Firm Now Called OVP in Response to Olympic Committee Charges

KIRKLAND, Wash. -- Olympic Venture Partners said
it changed its name to OVP Venture Partners. The
name change came after receiving notice from the
U.S. Olympic Committee that the firm's name violated
the committee's trademark and after consulting with
legal counsel. The firm said it took its name from
Washington state's Olympic Mountains. However, because
the firm also operates out of state it is not in
a protected class of businesses in Washington state
that can use the name Olympic.
http://www.ovp.com/

======= VC Personnel =======

o WaldenVC Names Former Broderbund COO McDonagh as Partner

SAN FRANCISCO, Calif. -- WaldenVC, a venture capital
firm that specializes in investments in early-stage
media technology companies, said that William M.
McDonagh has joined as a venture partner. Mr. McDonagh
served as CFO at Broderbund Software, a consumer
software company, for twelve years and became president
and COO in 1994. WaldenVC's corporate investors
include Apollo Group, Electronic Arts, GartnerGroup,
New Line Cinema, a division of Time Warner, Times
Mirror, Washington Post, and Kaplan, a division
of Washington Post.
http://www.waldenvc.com/

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

o Argus Capital

NEW YORK -- An article in the Friday issue of VentureWire
on the launch of the Argus Capital fund incorrectly
identified the as a Polish venture capital firm.
The firm, which is a subsidiary of the Pricoa Capital
Group, is based in London and makes investments
in Eastern Europe. The item also referred incorrectly
to Argus's investments. The firm has invested $60
million in five companies including cable operator
FiberNet, not $60 million solely in FiberNet.

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Andy,

Thanks for taking the time in reading the posting agreement and making
comments.

It is worth remembering that given a choice we would not be entering into
this posting agreement.    The historical agreement with MG dictates many of
the variances we will see from your other posting agreements.

Given the short time frame here, Justin is in the process of trying to set up
a call with Travis and you for later today.  I have tried to address a couple
of the points you raise below.

regards
bruce

Andy Zipper@ENRON
11/27/2000 09:49 PM
To: Justin Boyd/LON/ECT@ECT, Bruce Garner/LON/ECT@ECT
cc:

Subject: eMetra posting agreement

I have read and reviewed the Posting Agreement. Let me preface my comments by
saying that I'm sure there is stuff in the Posting Agreement that I am
missing and I really want Travis McCullough to review it. I'm also curious as
to why in certain sections it is faithful to the agreement I sent  and in
other places seems to stray or omits things. Anyway here are my comments:

1). Whereas (A). How many eMetra platforms are there ? what does
"collectively the Platforms" mean ? The agreement should be specific as to
which platforms eMetra can display prices on.  There are two platforms one
physical and one financial.  The primary focus of this agreement is on
financial platform.

2). Regulatory Event, This language should really mirror the Posting
Agreements in place. The language should cover the situation that if any of
the events mentioned subject Enron or any of its affiliates to regulation it
is a Regulatory Event, even if it does not impact upon the way eMetra
conducts its business as contemplated by the agreement.

3). Term 2.2, There is no time limit on the date that eMetra commences LME
trading. Given that the language is worded as the later of" this leaves them
with all the leverage. It should be the earlier of. This is a big one as they
could sit around forever trying to make it work and we are still bound by an
agreement that runs 18 months from forever.  I agree with you on this one.
Starting the clock now does not work but we should be able to set the clock
at 18 months from Ap 30, 2001.

4). Establishment and Maintenance of Interfaces 4.1 We need to agree on who
is responsible for what interfaces in this agreement, upfront. These were
detailed in the agreement I sent to you. They are to responsible for
maintaining the interfaces so we do not want to build them. In general we are
responsible for specifying the interfaces and they are responsible for
building and operating them. Once again, please refer to the posting
agreement that was sent for the exhibits detailing this.

5). Execution of Transactions 5.1 All parties agree to be bound by Enron's
General Terms and Conditions.  We can discuss on the phone call.

6) Execution of Transactions 5.2.3 Please use the exact language from the
Posting  Agreement sent. This wording is unclear. There is no time of
transacting as there is no transaction unless price and volume are available
at time of receipt of proposed transaction.

7). Execution of Transactions General comment: There is no language referring
to eMetra taking responsibility for Mapping Errors. This is a big issue. We
will not be responsible if they incorrectly display our prices, i.e. 3 mo.
Aluminium displayed as 6 mo. Aluminium. Please refer to Posting Agreement for
language.  I agree

8). Co-Operation 7.2 and 7.3 I would like to see both of these deleted. We
have not given this to anyone else and it seems to be indirect conflict with
13. This section pretty much rules out that we market EnronOnline to our
customers and I don't see how we can live with it.  I think we would be
willing to substitute some form of non-disparagement language in its place.
We are balancing a couple of issues here.  Some of this is specific for
Emetra.  John Sherriff has been involved in the business issues that have
been agreed to.  Not withstanding the support of Emetra, we believe we have
the freedom to market EOL and are released from the non-compete.

9). Default and Termination 9.1.1  How is the release from the non-compete
tied to breach of this agreement ? There is no link between breach under this
agreement and non-compete.

10). Default and Termination 9.1.1 Strike the term material from sentence.
All parts of this agreement are material or they wouldn't be in it. Fine

11).  Default and Termination 9.1.4 and Enron Operational Failure. This is
too broad. Only the failure of an aspect of the Enron platform that affects
participants ability to conduct business with Enron through eMetra is
relevant.  Fine

12). Cost and Expenses. eMetra bears all costs relating to connectivity (i.e.
T1's)  between eMetra to the Enron platform. Fine

13). Assignment should read "eMetra's right to display Enron's prices..."
Fine

As I said earlier I'm sure there are things I 've left out and strongly
suggest that Travis review it before signing.

Thanks,
Andy


Attached is the first draft of the ESA facility agreement. which I believe is
current through yesterday's discussion.
I would appreciate it if you could forward this to the persons in Transaction
Support and Tax who are working on this transaction.

Thanks,

Kay

---------------------- Forwarded by Kay Mann/Corp/Enron on 11/30/2000 03:05
PM ---------------------------

"Thompson, Peter J." <peterthompson@akllp.com> on 11/30/2000 02:30:37 PM
To: "Kay Mann (E-mail)" <kay.mann@enron.com>
cc: "Pipitone, Paul" <paulpipitone@akllp.com>, "Cobb, Chris"
<chriscobb@akllp.com>

Subject: Attached Files

Attached please find a clean draft of the Enron South America Turbine
Agreement, as well as a blackline showing changes made to the from
document agreed to by GE.

The only additional information that we need to insert into the
agreement is the Agreement Number in Section 6.7.1.

I will send the exhibits in a few moments.
 <<ESA Break-out Agreement Draft of 11/30/00.DOC>>  <<Comparison of
Enron South America Turbine Agreement.DOC>>
 - 00.DOC
 - Comparison of Enron South America Turbine Agreement.DOC


Hi Judy!

Forwarded your email to Rhonda and hopefully she will get back with me today.
 It is good for me unless I get picked for jury duty.

Talk to you soon.
Anne


What  you talking about, Willis?  I thought you were in Chicago.  Last I
heard it was a little bigger than most college campuses.  For sure bigger
than Tech.  Well I'd write more but I have to go home for my nap.  I'm
working a double shift so I'm leaving for a nap from about 10-2.  It makes
the day pass much faster.

Good night.
Robin

Paul Rodrigue <paulrodrigue@yahoo.com> on 12/14/2000 07:47:17 AM
Please respond to paul_rodrigue@bigfoot.com
To: Robin.Rodrigue@enron.com
cc:
Subject: Re:

There are no stores to buy disposable cameras at here.
This is like a little college campus. Once you're
here, you're here. If I had a car, I'd drive into town
and explore a bit.

Hopefully there won't be too many delays tomorrow when
I am leaving.

--- Robin.Rodrigue@enron.com wrote:
>
> I wasn't worried about you making it.  I was
> worrried about you making it
> back in time to give me my presents.  I work with a
> guy in our Chicago
> office.  He said it was pretty bad there.  I told
> him you were headed up
> there and he said he hoped you didn't mind delays.
> Glad you made it
> safely.
>
> You know you can buy disposable cameras at most
> stores.
>
> Try to stay warm.
> Robin
>
>
>
>
>
> Paul Rodrigue <paulrodrigue@yahoo.com> on 12/13/2000
> 12:49:01 PM
>
> Please respond to paul_rodrigue@bigfoot.com
>
> To:   Robin.Rodrigue@enron.com
> cc:
> Subject:  Re:
>
>
> I hate to disappoint you, but I made it alive. With
> no
> delays actually. I'm now staring out of a window
> watching it snow (that's the cold white stuff that
> you
> see on TV). They're expecting 6" today ontop of what
> is already here. Everything is white...it looks like
> a
> postcard. Wish I had thought to bring a camera. The
> temperature when I landed was ZERO degrees. Today
> will
> reach a balmy 22 degrees.
>
>
> --- Robin.Rodrigue@enron.com wrote:
> >
> > Just hoping I guess.   B/c mom already told me I
> > wasn't getting anything
> > from them, and I haven't picked out anything from
> > the Grandmas, so even if
> > I do get something it just means I'm going to have
> > to find some corner of
> > the closet to hide it in!!  How was that for a run
> > on sentence!  I'm not
> > sure I believe we're going to have sleet here
> > tomorrow.  It's still hot and
> > muggy outside now.
> >
> > Talk to ya later,
> > Robin
> >
> >
> >
> >
> > Paul Rodrigue <paulrodrigue@yahoo.com> on
> 12/11/2000
> > 10:25:07 AM
> >
> > Please respond to paul_rodrigue@bigfoot.com
> >
> > To:   Robin.Rodrigue@enron.com
> > cc:
> > Subject:  Re:
> >
> >
> > What makes you think I got you any presents?
> >
> >
> > --- Robin.Rodrigue@enron.com wrote:
> > >
> > > Before you go mail me your house keys and tell
> me
> > > where you've hidden my
> > > Christmas presents.  Sorry we won't get to see
> you
> > > for Christmas.  Hope you
> > > like Chicago.  Maybe you'll make it back by
> > Easter.
> > >
> > > Ruston was good.  The game was awesome!!  It was
> > so
> > > loud in there my ears
> > > were ringing when I left.  We lost but it was a
> > much
> > > closer game than I
> > > expected.  My favorite part was when Pat Summitt
> > was
> > > whining and the crowd
> > > starting chanting "Sit down, Pat!"
> > >
> > > Keith and Susan was crazy as usual.  I had a
> blast
> > > over there.
> > >
> > > Talk to ya later.  Good luck with your trip.
> > >
> > >
> > >
> > >
> > > Paul Rodrigue <paulrodrigue@yahoo.com> on
> > 12/11/2000
> > > 09:33:18 AM
> > >
> > > Please respond to paul_rodrigue@bigfoot.com
> > >
> > > To:   Robin.Rodrigue@enron.com
> > > cc:
> > > Subject:
> > >
> > >
> > > So how is Ruston? Anything exciting going on?
> > >
> > > I'm heading to Chicogo this week. (St. Charles
> > > actually) I'm hoping that I will even make it.
> The
> > > weather is so bad up there that they are
> > cancelling
> > > flights now. And what am I supposed to do once
> I'm
> > > there? Do you think that this poor little Texas
> > boy
> > > has ice and snow clothes? What use would I have
> > for
> > > a
> > > wool coat down here. I'm going to freeze my
> tushy
> > > off.
> > >
> > >
> __________________________________________________
> > > Do You Yahoo!?
> > > Yahoo! Shopping - Thousands of Stores. Millions
> of
> > > Products.
> > > http://shopping.yahoo.com/
> > >
> > >
> > >
> > >
> > >
> > >
> >
> >
> > __________________________________________________
> > Do You Yahoo!?
> > Yahoo! Shopping - Thousands of Stores. Millions of
> > Products.
> > http://shopping.yahoo.com/
> >
> >
> >
> >
> >
> >
>
>
> __________________________________________________
> Do You Yahoo!?
> Yahoo! Shopping - Thousands of Stores. Millions of
> Products.
> http://shopping.yahoo.com/
>
>
>
>
>
>

__________________________________________________
Do You Yahoo!?
Yahoo! Shopping - Thousands of Stores. Millions of Products.
http://shopping.yahoo.com/


_________________________________________________________________

WEEKEND SYSTEMS AVAILABILITY

FOR

1/25/2002 5:00:00 PM through 1/28/2002 12:00:00 AM
_________________________________________________________________

Impact:   San Palo
Time:   Thur 1/24/2002 12:00:00 PM CT thru Sun 1/27/2002 12:00:00 PM CT
	Thur 1/24/2002 10:00:00 AM PT thru Sun 1/27/2002 10:00:00 AM PT
	Thur 1/24/2002 6:00:00 PM London thru Sun 1/27/2002 6:00:00 PM London
Outage:   New server room
Environments Impacted:   File Server, Notes servers, Print Server, Internet access.
Purpose:   Put 02 servers room in just 01 room. Rebuild all cabling (data and voice). This is set on CST.
Backout:   Back to original room.
Contact(s):   Nilson Busto  55-11-5503-1347

Impact:   Corp
Time:   Fri 1/25/2002 1:45:00 PM CT thru Fri 1/25/2002 2:45:00 PM CT
	Fri 1/25/2002 11:45:00 AM PT thru Fri 1/25/2002 12:45:00 PM PT
	Fri 1/25/2002 7:45:00 PM London thru Fri 1/25/2002 8:45:00 PM London
Outage:   Change Management Emergency Outage
Environments Impacted:   Change Management System Outage.
Purpose:   Change Management Application needs emergency maintenance.
Backout:   NA
Contact(s):   Brennan, Ryan  713-853-4545
	Ray, Edward  7138536744
	Brooks, Sean L  713-345-8077


Thanks Mike!

	Michael Neves
	07/24/2000 11:25 AM

		 To: Tana Jones/HOU/ECT@ECT
		 cc:
		 Subject: Request Submitted: Access Request (MNES-4MJM6C)

FYI - I have submitted a request to have Brents access upgraded to "User"
from "Read Only"

Let me know if you need anything else.

Mike 3-3363
---------------------- Forwarded by Michael Neves/HOU/ECT on 07/24/2000 11:21
AM ---------------------------

Information Risk Management
07/24/2000 11:23 AM
Sent by: Michael Neves
To: Michael Neves/HOU/ECT@ECT
cc:
Subject: Request Submitted:  Access Request (MNES-4MJM6C)

Thank you for your request.

You will be notified via eMail when your request has been processed. You can
check the progress of your request by doing one of the following:
In the SRRS application, click on Requests I Have Made. A listing of recent
requests will be appear sorted by resource name.
Click on the Request Link below. This is a link to information regarding your
request.

Below is a summary of your request.

Requested For:  Tana Jones/HOU/ECT
Request Date:  7/24/2000 11:21:08 AM
Request Type:  Update Access
Request Link:

Requested Resources
Unlisted Lotus Notes Appliction

If you have any questions, please contact Information Risk Management at 35536


James McGinn
15 Greenleaf Rd
Milton, MA 02186
aprilhoover@msn.com

To Mr. Ken Lay,

I'm writing to urge you to donate the millions of dollars you made from selling Enron stock before the company declared bankruptcy to funds, such as Enron Employee Transition Fund and REACH, that benefit the company's employees, who lost their retirement savings, and provide relief to low-income consumers in California, who can't afford to pay their energy bills.  Enron and you made millions out of the pocketbooks of California consumers and from the efforts of your employees.

Indeed, while you netted well over a $100 million, many of Enron's employees were financially devastated when the company declared bankruptcy and their retirement plans were wiped out.  And Enron made an astronomical profit during the California energy crisis last year.  As a result, there are thousands of consumers who are unable to pay their basic energy bills and the largest utility in the state is bankrupt.

The New York Times reported that you sold $101 million worth of Enron stock while aggressively urging the company's employees to keep buying it.  Please donate this money to the funds set up to help repair the lives of those Americans hurt by Enron's underhanded dealings.

Sincerely,

James McGinn


Gentlemen,

In considering the solution about the Plant index number recorded in most of
the Visupro tables I have discovered one issue we will have by not having
this on the SQL server.  Since the Plant index number records the sequence by
turbine, we can use this to detect when gaps in the data occur.  In
particular, in the Errdev we expect a consecutive Plant index number for each
turbine ID and status message.

If we push the data to the SQL server and create an auto number, the status
messages for each turbine will have a sequential auto number, but NOT be
consecutive.  Using the Plant Index number has become a very useful field in
analysis of the Errdev data.

We need to store the Plant Index as it is written.

Comments?

Jeff Duff


On Wall Street, people are talking about Enron.  At Enron, we're talking
about people...our people.  You are the driving force behind every success
that our company has experienced, including our high-performing stock price,
which surpassed the $50 mark only a few days ago. You made it happen!

To show our appreciation for your hard work and commitment to Enron,s
continued success, eligible regular full-time and regular part-time employees
who were on the payroll of a wholly-owned Enron company at Dec. 31, 1999 will
receive 50 Enron stock options.  A special stock option award certificate and
a copy of the stock plan will be sent to you in the next few weeks.

About the stock options grant:
The grant was effective Jan. 18, 2000, therefore, the option grant price is
$55.50.
Options will have a seven-year term, which means you must exercise these
options before seven years have passed.
Options will vest 25 percent on Feb. 28, 2000 and 25 percent each subsequent
January 18th thereafter until fully vested, as long as you are an employee of
Enron.  This means you may exercise 25 percent of these options as early as
Feb. 28.
This grant is made in accordance with the terms and provisions of the Enron
Corp. Stock Plans and the award documents, which you will receive in the
coming weeks.

Due to varying international restrictions and legalities, Enron employees in
certain international locations will receive some other form of recognition.
Your local management and human resources representative will communicate
further details.

Visit home.enron.com for additional information.  There you can access a list
of frequently asked questions regarding stock options.  And you can view a
special message from Ken Lay.  To access the special message, you must have
IP-TV and a sound card. If you are not able to view Ken,s message, a
transcript is available.  If you encounter any technical difficulties, please
contact your PC Help Desk.

To help celebrate this occasion Plaza Java located in the Enron Building will
offer 50-cent Coffee of the Day and 50-cent Krispy Kreme donuts today only,
while quantities last.

Again, thank you for all you do to make Enron a successful global energy and
broadband services company and a great place to work.


Decline is ok.

	Enron Capital & Trade Resources Corp.

	From:  Sherri Sera                           05/09/2001 11:04 AM

To: Ursula Brenner/NA/Enron@Enron
cc: Steven J Kean/NA/Enron@Enron

Subject: Re: Invitation to address UTILITIES 2001

I had originally declined this invitation, but decided to run it by you after
closer review.  He could be there if he chooses to and if you think he
should.  Please advise.  SRS
---------------------- Forwarded by Sherri Sera/Corp/Enron on 05/09/2001
11:02 AM ---------------------------

	From:  Jeff Skilling                           05/09/2001 10:34 AM

Sent by: Sherri Sera
To: Felicia Griffin <feliciag@marcusevanstx.com>
cc:

Subject: Re: Invitation to address UTILITIES 2001

Thank you for the invitation to Utilities 2001.  Due to a prior commitment,
Mr. Skilling is unable to attend.

Regards,
Sherri Sera
713.853.5984
713.646.8381 (fax)
sherri.sera@enron.com

Felicia Griffin <feliciag@marcusevanstx.com> on 05/09/2001 10:07:02 AM
To: "'jeff.skilling@enron.com'" <jeff.skilling@enron.com>
cc:

Subject: Invitation to address UTILITIES 2001

 <<SKILLING, Jeff (ENRON).doc>>  <<UTILITIES 2001 Fact Sheet.doc>>
Felicia Griffin
Strategic Business Summits
Energy, Utilities, & Chemicals
marcus evans
Office Phone : 713.650.6007
Home Phone :281-931-3009
Fax        : 713-759-1478
E-mail   :feliciag@marcusevanstx.com
URL      http://www.marcusevans.com
***************
This message was sent by an employee of marcus evans

OUR VISION:
marcus evans is dedicated to being a strategic information partner for all
its customers by understanding what they need and want, and delivering it
through premium products and services in the format best suited to each
customer.
-----
To find out more about how you and your organization can access the very
best in "Business Information for Business Excellence," please visit us
at: www.marcusevans.com
**************

 - SKILLING, Jeff (ENRON).doc
 - UTILITIES 2001 Fact Sheet.doc


Nagesh,

Please resort the pipeline order on the Texas/HPLC position screen in CPR.
The current sort makes it difficult for us to manage our trading position
each day.  The arrangement  (from the top of the screen to the bottom) that
would most benefit us is listed below:

Houston Pipe Line
East Texas Gas System
NNGB
Oasis
PG&E Valero
All remaining pipes listed in alphabetical order by pipe name.

Please look into this and let me know of any problems in making these changes.

Thanks.

Daren


---------------------- Forwarded by Steven J Kean/NA/Enron on 09/15/2000
07:32 AM ---------------------------

Peggy Mahoney@EES
09/14/2000 06:09 PM
To: James D Steffes/HOU/EES@EES, Harry Kingerski/HOU/EES@EES, Richard
Shapiro/HOU/EES@EES, Dennis Benevides/HOU/EES@EES, James M Wood/HOU/EES@EES,
Martin Wenzel/SFO/HOU/EES@EES, Tom Riley/Western Region/The Bentley
Company@Exchange, Greg Cordell/HOU/EES@EES, Karen Denne/Corp/Enron@ENRON,
Mark Palmer/Corp/Enron@ENRON, Steven J Kean/NA/Enron@Enron, Chris
Hendrix/HOU/EES@EES, Gary Mirich/HOU/EES@EES, George Waidelich/SFO/EES@EES,
Ronald G Mentan/SFO/EES@EES, Mona L Petrochko/SFO/EES@EES
cc:

Subject: Enron Energy Services: With Dereg Under Fire,Enron Calif Elec
Business Heats Up

FYI - not sure if you guys saw this!  Still looking for a corporate customer
to go on record.
Peggy
---------------------- Forwarded by Peggy Mahoney/HOU/EES on 09/14/2000 06:06
PM ---------------------------

	Enron Energy Services

	From:  Christopher Smith                           09/14/2000 11:54 AM

To: Peggy Mahoney/HOU/EES@EES
cc:
Subject: Enron Energy Services: With Dereg Under Fire,Enron Calif Elec
Business Heats Up

FYI
---------------------- Forwarded by Christopher Smith/HOU/EES on 09/14/2000
11:54 AM ---------------------------

djcustomclips@djinteractive.com on 09/14/2000 12:41:56 PM
Please respond to nobody@mail1.djnr.com
To: 190852@mailman.enron.com
cc:
Subject: Enron Energy Services: With Dereg Under Fire,Enron Calif Elec
Business Heats Up

With Dereg Under Fire,Enron Calif Elec Business Heats Up
By Jason Leopold

09/14/2000
Dow Jones Energy Service
(Copyright (c) 2000, Dow Jones & Company, Inc.)

  LOS ANGELES -(Dow Jones)- While federal regulators try to find a way to
stabilize soaring wholesale electricity prices in California, Enron Corp.
(ENE) has been quietly striking up deals with some suburban communities to
sell them fixed-price power at a lower rate.

  In the past month, the Houston-based electricity service provider entered
into long-term fixed-rate contracts with the city of Roseville and is
negotiating similar deals with the cities of San Marcos and Chula Vista. Both
of those cities currently get their power from San Diego Gas & Electric Co, a
unit of Sempra Energy Inc. (SRE), and pay market rates for electricity.
  Enron has also struck a deal with Starwood Hotels & Resorts Worldwide Inc.
(HOT), one of the world's largest hospitality companies, to sell the company
electricity at a fixed rate for the next 10 years. The company has four hotels
in California, three of which buy their power from SDG&E.

  Sources close to the matter said Enron has contracted to sell the hotel
power at about 6 cents per kilowatt-hour, compared with the 22.5 cents/KWh
Starwood said it was charged by SDG&E in August.

  Neither company would disclose the terms of the deal. But Starwood said it
expects to reduce its energy costs by more than $200 million over the next 10
years.

  Enron, the largest trader of electricity and natural gas in the U.S., will
purchase power to cover such contracts on the wholesale markets and use its
experience to manage the risks, while paying a fee to utilities like SDG&E for
use of their distribution networks.

  "That really is our core strength," said Harold Buchanan, chief operating
officer for Enron Energy Services North America. "We understand how to manage
those risks."

  High Rates Driving Industrial Customers, Cities To Switch

  The growing interest in fixed-price supply contracts is fueling a comeback
of sorts for Enron.

  The Houston-based company had tried to break into California's retail power
market just after deregulation, even spending nearly $1 million to advertise
the venture during the Super Bowl. But Enron gave up trying to win residential
customers in 1998, citing disappointing response and lower-than-expected
profits.

  That was when deregulation and competitive power markets were full of
promise. Oddly enough, now that deregulation is coming under attack in
California, soaring power prices are building demand for Enron's services.

  The company is fielding calls from large industrial customers in San Diego
that have seen their utility bills triple in the past three months and are
interested in signing long-term fixed-rate contracts, Buchanan said.

  "Overall, what Enron can provide is reliability pricing in San Diego that's
written in stone," Buchanan said. "It's far cheaper than what they're paying
now with the utilities."

  A number of large industrial customers negotiating with Enron declined to
comment.

  The city of Roseville, near Sacramento, entered into a $114 million contract
with Enron last month to purchase 50 megawatts of electricity for five years
at $49 per megawatt-hour.

  Furthermore, the city has started talks with Enron about building and
operating a 750-megawatt natural gas-fired power plant that city officials
expect will contribute to lower costs for the purchase of electricity.

  Mayor Harry Crabb said the plant could protect residents from the price
spikes that have plagued customers of SDG&E since June.

  San Marcos, in San Diego County, is proposing to switch electricity service
for its 10,000 residents to Enron from SDG&E - a move the City Council said
could shave about $12 million a year off the city's power bill. Enron has said
it would offer the city terms nearly identical to those it offered Roseville.

  An SDG&E spokesman said last week that the utility supports such
arrangements, saying they're one way deregulation is supposed to work.

  Enron offered earlier this summer to sell power to SDG&E itself for four
years at a fixed rate of 5.5 cents/KWh, but the utility said the price was too
high.

  California Gov. Gray Davis signed legislation two weeks ago to cap
electricity rates for SDG&E's customers at 6.5 cents/KWh.

  -By Jason Leopold, Dow Jones Newswires; 323-658-3874;
jason.leopold@dowjones.com

Folder Name: Enron Energy Services
Relevance Score on Scale of 100: 80

______________________________________________________________________

To review or revise your folder, visit http://www.djinteractive.com or
contact Dow Jones Customer Service by e-mail at custom.news@bis.dowjones.com
or by phone at 800-369-7466. (Outside the U.S. and Canada, call 609-452-1511
or contact your local sales representative.)
______________________________________________________________________

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


I'll follow up.

	From:  Ben F Jacoby @ ECT                           01/23/2001 07:44 PM

Sent by: Ben Jacoby@ECT
To: Kay Mann/Corp/Enron@Enron
cc: Fred Mitro/HOU/ECT@ECT

Subject: Intergen / ABB Docs

Kay:

Sandridge called me today saying he needs his originals on the Intergen deal.
Let me or Fred know if we should follow up with Carolyn, or if you can take
care of this. Thanks.

Ben


Bummer - thanks for letting me know.


All of the data capture jobs for collecting operational data for the west, central, and east desks failed last evening.  Colin is working to identify the problem, recapture the data, and run the morning reports.  I will update you as soon as I have any additional information.

Chris


We are in the process of preparing applications for position limit exemptions
for ENA,s NYMEX energy commodities futures trading.  These applications
require that ENA represent whether its officers, employees, owners, or agents
have a power of attorney, control or have a financial interest in any other
related commodity future(s) account either individually or acting with
another person pursuant to express or implied agreement.

Please direct any responses to my paralegal, Tana Jones, via intercompany
email or call her at (713) 853-3399 by the end of business Friday, June 30,
2000 if you have any power of attorney, control or have a financial interest
in any commodity futures account (other than an ENA or other trading
affiliate account).

IF YOU DO NOT HAVE A COMMODITY FUTURES ACCOUNT, YOU DO NOT NEED TO RESPOND TO
THIS REQUEST.


Thanks Steve.  With your input, my take on Elizabeth's questions are:

1.	Must we renew the collateral?-  From a legal standpoint the answer is "No" for the reasons discussed below.  However, as we know, the PX will take a contrary position and has (along with other California parties) taken the position at FERC that the collateral should be withheld pending resolution of the CA refund case at FERC (to secure payment of refunds due).

2.	May we replace the letters of credit with cash / other collateral?-  The answer is "Yes" as you note below, with the caveat that the replacement collateral must be acceptable to the PX.  Obviously cash should be acceptable.  Perhaps a bond or negotiable instrument could be an option.

3.	What is the potential outcome if we do nothing (i.e. we don't re-up the letters of credit).  Our past experience in this regard has been that the PX will draw on the letter of credit prior to its expiration.

As for additional options, we could consider:

1. 	Further to Steve's option 1, we might try to enforce the return of the excess in court by submitting a Section 2.5 request to the PX and bringing the issue to a head.  Steve's original option is preferable, however, since it is through agreement with the PX.  Perhaps a compromise could be proposed for the PX to return our collateral over and above our highest potential refund liability to the PX in the CA refund case.

2.	Seeking injunctive relief in court to prevent the PX from drawing on the letter of credit.

Elizabeth, please advise if this answers your questions fully.

Thanks,  Ray

 -----Original Message-----
From: 	Hall, Steve C. (Legal)
Sent:	Tuesday, November 27, 2001 1:54 PM
To:	Alvarez, Ray
Subject:	RE:

I agree.

Schedule 2, section 2 says:  "Each PX Participant shall post collateral for 100 % of its requirements in excess of the unsecured line of credit in order to participate in the CTS and Core Markets"  [I would note that (1) our "requirements" are currently zero, and (2) we do not wish, nor is it possible to "participate" in the CTS and Core Markets.  Therefore, the PX has no basis under its Tariff to continue to hold our collateral.]

As you indicated below, Schedule 2, section 2.2 says:  "Each PX Participant shall maintain sufficient collateral to cover its aggregate outstanding liabilities in the Day-Ahead and Day-Of markets to and from the PX between cash clearing cycles or during the period in which the liabilities are incurred and when payment is billed and settled."

Options:

1.  If the PX will allow us to have access to our excess cash pursuant to Section 2.5 (requests submitted by COB Wednesday will be processed by Friday), then let them cash in the LC.

2.  Ask the PX if we can substitute "other liquid collateral acceptable to the PX. .  .in lieu of cash" (Schedule 2, section 2.1.3).  We should ask them what else would be acceptable (a lien on Jeff Skilling's house?).

 -----Original Message-----
From: 	Alvarez, Ray
Sent:	Tuesday, November 27, 2001 10:18 AM
To:	Hall, Steve C. (Legal)
Cc:	Steffes, James D.; Nicolay, Christi L.; Sager, Elizabeth
Subject:	RE:

Steve, I believe that schedule 2, section 2.2 of the CalPX tariff is the provision that requires market participants to maintain collateral, the purpose of which, however, is to provide security for liabilities incurred in the PX markets.  Since these markets are no longer in operation, there is no lawful reason to withhold the collateral, notwithstanding the assertions of CA parties that it should be used to guarantee payment of refunds ordered in the CA refund proceeding at FERC.  Ray

 -----Original Message-----
From: 	Alvarez, Ray
Sent:	Tuesday, November 27, 2001 12:26 PM
To:	Sager, Elizabeth
Cc:	Steffes, James D.; Nicolay, Christi L.; Hall, Steve C. (Legal)
Subject:

Elizabeth, per our conversation, I am obtaining and attaching various pleadings before FERC I've worked on seeking return of the collateral and the reasons why it should not be withheld by the PX.  It's my understanding that these might help- please let me know.  There are other related filings and I will forward them as soon as I locate.  In the meantime, I am working with Steve Hall to get an independent interpretation of the PX tariff so as to yield answers to our questions and our options.  Thanks,  Ray

 << File: #150515 v1 - CPS COMMENTS ON BIRCHMAN ORDER.doc >>  << File: Answer (chargeback) EL01-36.doc >>


John

Here is the Alberta map for the location of the PPA units.

s


Mike still has not returned my calls, and is not at work today. I checked
with Mike Driscoll, Swerzbin's assistant, and he confirmed that 517876 should
be $300. It's an EES spread, and the other side (deal #517877)  is $313 - is
that what Amerex is looking for? He also checked into 517891 and found that
the delivery point should be SP-15. It's been changed.

Let me know if there are further questions.

Thanks,
Kate

Evelyn Metoyer@ENRON
02/12/2001 06:55 AM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: STATUS- Re: 2/8/01 Errors

What's the status of these two deals?

---------------------- Forwarded by Evelyn Metoyer/Corp/Enron on 02/12/2001
08:56 AM ---------------------------

Evelyn Metoyer
02/09/2001 02:05 PM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: Re: 2/8/01 Errors

Hi Kate,

for ref 517891 the delivery point still shows as PV.........it should be SP-15
for ref 517876 the price stll shows $300....it should be $313

   Kate Symes @ ECT                02/08/2001 05:29 PM

To: Evelyn Metoyer/Corp/Enron@ENRON
cc:

Subject: Re: 2/8/01 Errors

517384 - price has been changed to $260
517891 - mike's book shows Palo delivery - desk was wrong - has been changed
to LTNW
517884 - price has been changed to $300
517876/877 - missing Amerex deals were under wrong desk (STCA) - have been
changed to LTNW

Also, I entered many of Mike's deals today, but in my rush forgot to re-set
my Deal Blotter defaults - so the deals went in under Short Term California
instead of Long Term Northwest. I've changed them all to the correct desk,
which should clear up the missing deals, and hopefully will make more sense
for your checkouts. Sorry about the confusion - entering deals for three
different desks at once gets a little hectic!

Let me know if you have questions.

Kate

Evelyn Metoyer@ENRON
02/08/2001 03:11 PM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: 2/8/01 Errors

Mike Swerzbin
deal 517384
Prebon shows price as $260.......Enpower has $250

Mike Swerzbin
deal 517891
Amerex shows delivery as SP-15...Enpower has PV

Mike Swerzbin
deal 517884
Amerex shows price as $300...Enpower has $200

 Mike Swerzbin
I am missing the following deal per Amerex:
Buys from EES Q2'01 Mid-C 25 mw at $313 peak hrs.


www.enronfcu.com

Go back to the Internet Options under Tools > click on the Security Tab > click on the Internet globe and select Default Level ... close Internet Explorer and reopen and try again ... let me know if this works.

Jimmy


I have no furniture, and the Kjaerholm might work--I need the dimesions.  Do you ever come across the Mies chairs?  What do you think of those?  OK, now for a crazy thing, I'm getting new checks printed and they should be to me immediately after thanksgiving, and I promise I'll have a check to you next week.  I hope that's ok.  If not let me know.

Regards,

Jeff

 -----Original Message-----
From: 	Antiknewyork@aol.com@ENRON
Sent:	Tuesday, November 20, 2001 12:43 PM
To:	Shankman, Jeffrey A.
Subject:	Re: Wegner

Thanks for the email. What kind of furniture are you looking for?  I have
alot of pieces that we are getting ready for the shop. What about Kjaerholm?
We have a pair of rare Aalto lounge chairs. great dining tables, chirs etc.
etc. Last question....did you have a chance to send the Salto check? Best, Kim


Start Date: 4/25/01; HourAhead hour: 2;  HourAhead schedule download failed.
Manual intervention required.


Please verify that you have the following from your start menu and can access the database:
Menu Option: Stage Application / Unify / Unify2k (Gas)
Server : Unify2k Gas Production

Please contact Jill Hopson (x5-4839) or myself by 10:30 a.m. if you have issues.

Georgia Ward
ENW - Development Support - QA
(713)853-9974


Theresa Zucha on behalf of
Stacy Dickson Granmayeh
Enron North America Corp.
1400 Smith St., EB3884
Houston, TX  77002
Phone:  713/345-4582
Fax:  713/646-3490


Ted, see the attached; I've made a couple of changes.

Ted Chavez
10/05/2000 02:01 PM
To: Susan Scott/ET&S/Enron@ENRON
cc:

Subject: Duke Energy Field Services Guaranty

Susan,

 Please see the attached and give your comments.

Thanks,
Ted
X-37952


November 13, 2000
Notice to Member No. 389

New York Mercantile Exchange to Base Certain enymex Contracts on Platts
Benchmarks

The New York Mercantile Exchange and Platts, the world's premier energy
market information service, have signed a letter of intent for Platts pricing
benchmarks to be used in enymex contracts for crude oil, refined oil
products, natural gas, electricity, and metals.

Platts, a division of The McGraw-Hill Companies (NYSE: MHP), will also
provide enymex with real-time news and market commentary.

The Exchange will license Platts, price assessments and benchmarks as a basis
for commodities contracts traded on enymex, an internet-based platform for
trading and clearing forward contracts for physical commodities.  The system
is scheduled for launch during the second quarter of 2001.

"Every day, more than $10 billion worth of energy commerce is based on
Platts' exclusive and authoritative price assessments," said Harry Sachinis,
president of Platts. "With this agreement, Platts will extend its leadership
to the emerging world of energy e-commerce. It is significant that the world,
s largest energy exchange, the New York Mercantile Exchange, has chosen to
base its enymex contracts on Platts benchmarks."

Exchange Chairman Daniel Rappaport said, "We are proud that enymex will have
standing behind it the two biggest names in providing price transparency to
the energy and metals industries. This agreement brings us one step closer to
the Exchange,s goal of extending the same leadership and credibility to a B2B
marketplace as we have so successfully offered these industries through our
bricks-and-mortar business.  Most importantly, it will enable us to offer
clearing services and an open marketplace for popular over-the-counter
products."

Platts is the world's largest and most authoritative provider of energy
market information, with more than 325 professionals worldwide and products
ranging from real-time and Internet-based news services, to market reports,
databases, magazines and conferences. The company is also a leading provider
of news, pricing and analysis on the global metals market. Additional
information is available at www.platts.com and www.plattsmetals.com.

Founded in 1888, The McGraw-Hill Companies is a global information services
provider meeting worldwide needs in the financial services, education and
business information markets through leading brands such as Standard & Poor,
s, BusinessWeek and McGraw-Hill Education.  The corporation has more than 400
offices in 32 countries.  Sales in 1999 were $4.0 billion.  Additional
information is available at www.mcgraw-hill.com.

__________________________________________________
Please click on the link below to indicate you have received this
email.

"http://208.206.41.61/email/email_log.cfm?useremail=sara.shackleton@enron.com&
refdoc=(00-389)"

Note: If you click on the above line and nothing happens, please copy
the text between the quotes, open your internet browser,
paste it into the web site address and press Return.


Is an RCR still necessary since Sue said Ron is doing this for Richard?  Tell
me when you see me tomorrow.

From: James D Steffes@ENRON on 03/21/2001 09:22 AM CST
To: Mary Hain/HOU/ECT@ECT
cc: Alan Comnes/PDX/ECT@ECT, carrrn@bracepatt.com, Christian
Yoder/HOU/ECT@ECT, Donna Fulton/Corp/Enron@ENRON, gfergus@brobeck.com, Joe
Hartsoe@Enron, Ray Alvarez/NA/Enron@Enron, Richard B Sanders/HOU/ECT@ECT,
Sarah Novosel/Corp/Enron@Enron, sbishop@gibbs-bruns.com,
steve.c.hall@enron.com, Susan J Mara/NA/Enron@Enron, Richard
Shapiro/NA/Enron@Enron
Subject: Re: Emergency Motion of City of San Diego

I agree that someone should file. Curious if we can send in our message
through EPSA or WPTF?

Mary's last point about the non-ISO and PX markets is a key point.  We need
to keep any FERC action contained to those markets.

Mary - pls submit an RCR.

Jim

	Mary Hain@ECT
	03/20/2001 07:44 PM

		 To: Susan J Mara/NA/Enron@Enron,  Alan Comnes, Joe Hartsoe@Enron, James D
Steffes/NA/Enron@Enron, Ray Alvarez/NA/Enron@ENRON, Sarah
Novosel/Corp/Enron@ENRON, Donna Fulton, Richard Sanders,
sbishop@gibbs-bruns.com, Christian Yoder/HOU/ECT@ECT, steve.c.hall@enron.com,
gfergus@brobeck.com
		 cc: carrrn@bracepatt.com
		 Subject: Emergency Motion of City of San Diego

Due to the risk of wholesale market participants becoming bankrupt and
therefore unable to flow refunds through to customers, the City of San Diego
has asked FERC to direct sellers of wholesale power in the "California"
markets to sequester any amounts collected from sales that are in excess of
costs and to maintain those amounts, with interest, adequate to pay potential
refund obligations.  It also asks FERC to clarify that these amounts are
being retained by the sellers in trust to fulfill refund obligations.

I think we should make the following arguments at FERC:

In the In re Columbia Gas Systems Inc. case relied on by San Diego, FERC had
ordered, and Columbia had received, refunds from upstream pipelines, but had
not specified that Columbia was to hold those refunds in trust for its
customers.  To my knowledge, none of the refunds FERC has recently required
would be paid to EPMI, nor has FERC required EPMI to make any refunds, it has
merely conditioned its rates "subject to refund."  Accordingly, it is
inappropriate for EPMI to be required to sequester any of its profits.
San Diego seeks to apply this requirement to every participant in the market,
although it has not proven that refunds would put EPMI on the verge of
insolvency.  It has simply said that "there is no assurance that the actual
wholesale sellers , , , are capable of paying the refunds that potentially
may be ordered."
San Diego also alleges that the potential refund obligation is immense.  This
allegation is based on San Diego's allegation that the refund liability
calculated by FERC's March 9 order (of $69 million) is vastly understated.
This is suppostion, on supposition, not to mention a collateral attack on the
Commission March 9 order.
The pleading is in essence a request for cost-of service based rates given
that market participants would be deprived of any benefit of participating in
the market for years - "pending a final nonappealable order in these
proceedings."  Therefore, it is a collateral attack on FERC's December 15
order finding that it would not order cost based rates.
This pleading also seeks refunds beyond what could be required pursuant to
FERC's December 15 order in that its would apply sequestering to sellers of
wholesale power "in the California markets" not just for sales in the ISO and
PX markets.


----- Forwarded by Mark E Haedicke/HOU/ECT on 10/03/2000 05:31 PM -----

	Mark E Haedicke
	09/06/2000 04:49 PM

		 To: Dan Lyons/HOU/ECT@ECT, Frazier King/FGT/Enron@ENRON
		 cc:
		 Subject: Middle East Pictures

A few of my pictures.   Mark
----- Forwarded by Mark E Haedicke/HOU/ECT on 09/06/2000 04:47 PM -----

	markehaedicke@hotmail.com
	09/04/2000 05:49 AM

		 To: meh41@aol.com, rnavarre@fibertel.com.ar, mark.e.haedicke@enron.com
		 cc:
		 Subject: Middle East Pictures

HI:

Just a few pictures from our trip.

Mark

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i will find out


Have messages in to him.

	James D Steffes
	10/02/2000 02:50 PM

		 To: steve kean, Jeff Dasovich/NA/Enron@Enron
		 cc:
		 Subject: RE: Auction of Default Supplier Obligation

Jeff --

Can you try and call Seabron today to discuss.  See if his understanding
helps with California issues.

Jim

----- Forwarded by James D Steffes/NA/Enron on 10/02/2000 02:49 PM -----

	"Seabron Adamson" <seabron.adamson@frontier-economics.com>
	10/02/2000 09:43 AM

		 To: <James.D.Steffes@enron.com>
		 cc:
		 Subject: RE: Auction of Default Supplier Obligation

Jim:

>Have you ever seen a model for a bid process like this?  Any auctions (in
>any commodity) that would work?  We are trying to get back to key policy
>makers mid-day on Monday.

Yes, there are numerous default service auction models in operation or
proposed, both in electricity and other utilities. The government of New
South Wales in Australia is implementing a model similar to this. In
Georgia, I think they recently had an auction to serve customers served by a
gas retailer that went bust. Similar mechanisms have been used for years in
the telecoms business for serving specific client bases, such as rural
customers. Examples have been in Chile, and even in the U.S. (auctions for
"universal service obligations").

We proposed a model for "third-party" default service standard supply for
Ontario (working for Aleck Dadson of Enron Canada). This allowed the
standard supply provider to meet its obligation by competitive means,
including holding an auction. The idea was to provide customers hedging in a
framework that allowed for competition in default service.

Let me know if you want a briefing or futher info. I'll be in the office
until 4:00 or so (I'm then heading to the airport for Portland). My office
number is (617) 354-0060, or (617) 513-5904 (mobile).

Seab

This e-mail, and any attachments thereto, is intended only for use by the
addressee(s) named herein and may contain legally privileged and/or
confidential information.  If you are not the intended recipient of this
e-mail, you are hereby notified that any dissemination, distribution or
copying of this e-mail, and any attachments thereto, is strictly prohibited.
If you have received this e-mail in error, please immediately notify me at
(617) 354-0060 and permanently delete the original and any copy of any
e-mail and any printout thereof.


Anything we can do?
---------------------- Forwarded by Grant Masson/HOU/ECT on 09/15/2000 08:34
AM ---------------------------

	Enron North America Corp.

	From:  Toni Graham @ ENRON                           09/14/2000 07:36 PM

To: Grant Masson/HOU/ECT@ECT
cc: Norma Villarreal/HOU/ECT@ECT
Subject: Re: Rabi De

Grant,  I did talk with Tanya this evening however since I'm on vacation
Friday I wanted to outline here what Rabi has discussed with me.

1)  Title.....he is currently at a VP level and we are offering him Manager
2)  Sign on Bonus...........the 15K is not coving the lost bonus he will
receive at he current co ($25K)
3)  Salary...........he will receive a "Risk Premium" of approx 10% befor
tax.   He is not able to quantify this for us and I was not able to get a
number out of him as to what he is looking for.

He is very enthusiastic and wants to work for Enron but wanted to see if we
could do anything to enhance our offer in these areas.

Toni

	From:  Grant Masson @ ECT                           09/14/2000 08:58 AM

To: Toni Graham/Corp/Enron@ENRON
cc:

Subject: Re: Rabi De

Toni:

I am talking to Vince today.  Please call me if there are any further
developments I should know about.

Regards,
Grant.