?
?	'VentureWire'
	Thursday, November 30, 2000	?
?	CONTENTS | COMPANIES | INVESTORS	?
?

	top stories

	* 724 Solutions to Acquire Tantau Software for $375 Million
	* El Dorado Ventures Raises $250 Million Fund
	* Children's Site MaMaMedia Down to 15 Employees
	* Ex-Prodigy Chair to Head Network Services Firm iVMG Names

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	new money

	* Analytics Application Firm INEA Raises $3 Million Round One
	* Cambridge Tech Leads Access International's First Round
	* Custom Delivery Service Parachute Gets $10 Million Series B
	* Hiring Tech Firm Spintopia Secures $2.85 Million Round One
	* Medschool.com Raises $26 Million in Second Round
	* Real Estate Technology Firm Vectiv Has $13 Million Round Two
	* Retail, Promotion Firm DemandTec Raises $16 Million Series B
	* Wireless Services Firm Latinia Secures $5 Million
	* DWDM Tech Firm Clarendon Photonics Has $16 Million Series B
	* Fabric Marketplace Tapestria Gets $25 Million for 20% Stake
	* Human Resource Web Service Firstdoor in $9 Million Round Two
	* Optical Firm E2O Raises $38.5 Million Round Three
	* Development Chain Software Firm IDe Raises $12 Million Mezz
	* Gift and Home E-Marketplace Whereoware Raises $21 Million
	* New Investors Take 5% Stake in Ariba, Softbank Joint Venture
	* Imaging Product Firm RealTimeImage in $9 Million Third Round
	* ProSeed Capital Makes Three International Investments
	* ASP ProcureZone.com Secures $3 Million From Mitsui
	* Mobile Portal Firm Brightpod Names Additional Investors

	new products

	* EA Web Holdings Launches Cardiac Health Sites
	* Data Storage Firm Xdrive Changes Name to Xdrive Technologies
	* Real Estate ASP SmartCity Announces Itself

	m&a

	* E-Learning Firm Blackboard Buys Campus Commerce, ID Firms

	new directors

	* Competix Adds VC Firm Founder and Ex-NetGravity CEO to Board
	* Communications Apps Firm UReach Names Board Chairman
	* Site Structuring Firm Synquiry Adds BuyerZone Exec to Board

	new people

	* Job Matching Service iGeneration Names President and CEO
	* Interior Design Marketplace DesignCenter360 Names First CEO
	* Pricing Technology Firm Optivo Names Former Oblix Exec CEO
	* Tenant Screening Firm SafeRent Names CEO, President
	* Automated Trading Systems Names CEO, President

	vc fund news

	* Hyperion Partners Closes on $73 Million of $100 Million Fund
	* Crosspoint Confirms It is Delaying $1 Billion Fund

	vc personnel

	* Former Sun Microsystems Exec Joins Gabriel Venture Partners
	* Redleaf Group Opens Boston Office, Names Managing Director

	vw amplification

	* Cerida

	vw corrections

	* Three Arch Capital Partners

	TOP STORIES... NEW MONEY... NEW PRODUCTS... M&A... NEW DIRECTORS... NEW
PEOPLE... VC FUND NEWS... VC PERSONNEL... VW AMPLIFICATION... VW CORRECTIONS

	?	?	?	AristaSoft: Enabling High-Tech Equipment Companies to Build?	Bigger Businesses Faster?	?	AristaSoft's solutions give high-tech equipment companies?	access to the same integrated business processes and tech-?	nology solutions used by business leaders worldwide -?	reducing the time, labor, risk and investment associated?	with deploying, maintaining and supporting these solutions.?	AristaSoft's integrated business process services are based?	on deep industry focused domain expertise and a portfolio?	of relevant enterprise-class applications delivered on a?	secure, scalable and reliable infrastructure.?	Get ready for hyper-growth with AristaSoft.http://www.aristasoft.com/?	?	?	?	top stories?	??	724 Solutions to Acquire Tantau Software for $375 Million ?

	TORONTO (VENTUREWIRE) -- 724 Solutions, an Internet infrastructure software
firm that is traded on the Nasdaq and Toronto stock exchanges, said it agreed
to acquire Tantau Software, an Austin, Texas-based provider of software and
services that enable mobile Internet commerce. 724 Solutions will make the
acquisition with 19 million shares of stock, valued at approximately $375
million. 724 Solutions shareholders will own about 68% of Tantau. 724
Solutions founder, chairman, and CEO Greg Wolfond will continue to serve as
chairman. Tantau co-founder, president, and CEO John Sims will be CEO of 724
Solutions. Four members will be added to 724 Solutions' board of directors,
including Mr. Sims. Tantau Softare is backed by Chase Capital Partners,
General Motors Investment Management, Hewlett-Packard, Nokia, the Texas
Growth Fund, Austin Ventures, Compaq Computer, and Techno Venture Management.
	http://www.724.com
	http://www.tantau.com

	El Dorado Ventures Raises $250 Million Fund
	?	?	MENLO PARK, Calif (VENTUREWIRE) -- El Dorado Ventures today announced the ?formation of its latest fund, El Dorado Ventures VI. The $250 million fund ?will continue the firm's focus on early-stage, information technology ?investments located in the western United States. El Dorado Ventures VI ?expects to fund 10 to 12 early-stage companies during 2001. Recent El Dorado ?investments include Appshop, Network OSS, Strix Systems, and Glow Networks.  ?	http://www.eldoradoventures.com?	?	Children's Site MaMaMedia Down to 15 Employees?

	NEW YORK (VENTUREWIRE) -- Struggling children's Web site MaMaMedia has laid
off an additional 55 staff members, leaving the company with only 15
employees. The company cut 40% of its staff in October and 20% over the
summer. The company is trying to stay afloat despite tough market conditions
and hopes the reduction in staff will stretch its funds until a merger or
acquisition deal goes through. In the meantime, the company is looking for
partners and insists it is not shutting down. The company said it is
concentrating on its online property only, putting its print magazine,
MaMaMedia: A Kid's Guide to the Net, on hold. MaMaMedia has received funding
from BancBoston Ventures, Essex Investment Management, Intel, J. H. Whitney &
Co., J & W Seligman & Co., RRE Investors, and Van Wagoner Capital.
	http://www.mamamedia.com

	Ex-Prodigy Chair to Head Network Services Firm iVMG Names
	?	?	SAN JOSE, Calif. (VENTUREWIRE) -- iVMG, a network services firm, said it has ?appointed Samer Salameh as the company's first president and CEO. Mr Salameh ?was CEO of Prodigy Communications, a DSL Internet services provider, until ?June of 2000, and served as Prodigy's chairman until September. He remains on ?that company's board. This past May, iVMG raised $10 million in a Series A ?round led by Accel Partners.   ?	http://www.ivmg.net?	?	new money?	??	Analytics Application Firm INEA Raises $3 Million Round One?

	TORONTO (VENTUREWIRE) -- INEA Corp., a provider of enterprise analytics
application software, said it has secured CDN $4.5 million ($3 million) in
first round funding from Canadian venture capital firm Ventures West. The
company develops software that automates data integration, analytic
processes, online reporting, and secure information dissemination. The funds
will be used for sales and marketing.
	http://www.ineacorp.com

	Cambridge Tech Leads Access International's First Round
	?	?	CAMBRIDGE, Mass. (VENTUREWIRE) -- Cambridge Technology Partners, a publicly ?traded management consulting firm, said it led the first round of financing ?for Access International, which provides Internet-based philanthropy ?management services. The amount of the round, which was also funded by ?individual investors, was not disclosed. The funding will be used for ?development and roll out of Access' new line of services. The company ?recently launched DonateTo.com, which provides technology that enables ?organizations to have a private-labeled philanthropic presence on the ?Internet and enables users to make charitable contributions. The company's ?flagship software, Enterprise, enables not-for-profit organizations to ?facilitate their fundraising and donation processing activities. A member of ?Cambridge Technology Partners will receive a seat on Access's board of ?directors. ?	http://www.accessint.com?	?	Custom Delivery Service Parachute Gets $10 Million Series B?

	SAN FRANCISCO (VENTUREWIRE) -- Parachute, a company that provides custom
delivery service in which recipients can schedule a time to receive their
packages, said it raised $10 million in its Series B round of funding. The
funds came from Sterling Payot Capital, CNF Transportation, and individual
investors. The company will use the funds to expand its technology and its
operations. The company plans on expanding its service to other cities by
next year. Parachute received $2 million in Series A funds in November 1999.
	http://www.parachute.com

	Hiring Tech Firm Spintopia Secures $2.85 Million Round One
	?	?	VANCOUVER (VENTUREWIRE) -- Spintopia.com, an application service provider ?that offers an online hiring product called Vision2Hire, said it raised $2.85 ?million in its first round from Discovery Capital and Belkorp Industries. The ?company will use the funds for operations, marketing, and expansion into the ?US. The company will open its first U.S. office in Seattle in January.?	http://www.spintopia.com?	?	Medschool.com Raises $26 Million in Second Round?

	SANTA MONICA, Calif. (VENTUREWIRE) -- Medschool.com, which provides online
training for healthcare organizations and professionals, said it raised $26
million in second round financing led by Patricof & Co. Ventures. Delphi
Ventures, GE Equity, and Leeds Equity Partners also participated.
Medschool.com, which has raised more than $38 million to date, will use the
funds for technology development, content acquisition, and business
expansion. George Jenkins, general partner of Patricof & Co. Ventures, and
Don Lothrop, managing partner at Delphi Ventures, will join the board of
directors. Elliot Royce, senior vice president of GE Equity, will also join
the board as an observer.
	http://www.medschool.com

	Real Estate Technology Firm Vectiv Has $13 Million Round Two
	?	?	BERKELEY, Calif. (VENTUREWIRE) -- Vectiv, which provides technology that ?enables businesses to acquire and manage real estate assets, said it secured ?$13 million in its second round of funding, led by AC Ventures and ?Convergence Partners. Previous investor campsix also participated. Scott ?Killips, an AC Ventures partner, will join the company's board of directors. ?The company will use the funds to expand its staff and operations, and for ?product development, sales and marketing.?	http://www.vectiv.com?	?	Retail, Promotion Firm DemandTec Raises $16 Million Series B?

	SAN FRANCISCO (VENTUREWIRE) -- DemandTec, which provides retail price and
promotion optimization services, said it secured $16 million in its Series B
financing. New investor Crosspoint Venture Partners led the round, which
included new investors Altos Ventures, Athena Technology Ventures, Cargill
eVentures, and Nonstop Solutions. Crosspoint Venture Partners general partner
James Dorrian will join the company's board of directors. The company will
use the funding to expand its offering of products and services. DemandTec
offers Web-based services that enable traditional and Internet-based
retailers to make pricing, marketing, and profit decisions.
	http://www.demandtec.com

	Wireless Services Firm Latinia Secures $5 Million
	?	?	NEW YORK (VENTUREWIRE) -- Latinia, which provides wireless interactive ?services to cell phone users in Europe, the U.S., and Latin America, said it ?has secured $5 million in early stage funding from Paragon Investments and a ?group of individual European investors. Latinia, which is currently launching ?services in Italy and Portugal, was formed by former executives of Terra ?Networks and other Internet companies in March.   ?	http://www.latinia.com?	?	DWDM Tech Firm Clarendon Photonics Has $16 Million Series B?

	BOSTON (VENTUREWIRE) -- Clarendon Photonics, a developer of integrated DWDM
technology for high-bandwidth optical networks, said it raised $16 million in
its Series B round, led by New Enterprise Associates. Previous investor Sevin
Rosen Funds and Vortex Partners also participated. The company will use the
funds for product development and expansion of its staff and research and
development facilities.
	http://www.clarendonphotonics.com

	Fabric Marketplace Tapestria Gets $25 Million for 20% Stake
	?	?	ROTTERDAM, The Netherlands (VENTUREWIRE) -- Tapestria, which plans to launch ?an online interior fabrics marketplace for interior designers in February of ?2001, said it has a received $25 million investment from Hunter Douglas, a ?publicly traded window coverings firm, for a 20% stake in the company. ?Tapestria said it will establish headquarters in The Netherlands and in Upper ?Saddle River, N.J. Founder David Sonnenberg, a former executive at Hunter ?Douglas, will be CEO.     ?	http://www.tapestria.com?	?	Human Resource Web Service Firstdoor in $9 Million Round Two?

	ATLANTA, GA (VENTUREWIRE) -- Firstdoor, a Web-based service which provides
access and information on employee benefits, human resources management, and
legal compliance issues, said it completed its second round of financing with
$9 million. Investors in the round include Allen & Co., Paradigm Capital
Partners, and ING Barings. Wunderlich Securities acted as placement agent for
a portion of the round. The company said it will use the funding for product
enhancements and sales and marketing. Firstdoor has raised $18 million to
date.
	http://www.firstdoor.com

	Optical Firm E2O Raises $38.5 Million Round Three
	?	?	CALABASAS, Calif. (VENTUREWIRE) -- E2O Communications, a manufacturer of ?fiber optic transceivers for optical communications, said it received $38.5 ?million in its third round of financing led by Lehman Brothers Venture ?Capital Group. New Enterprise Associates (NEA), Fortune Venture Investment ?Group, Windward Ventures, Economic Development Board of Singapore, ?SunAmerica, and Foxconn Optical Technology also participated. The company ?said it will use the funds to construct an optoelectronics device fabrication ?facility near its headquarters. E20 has raised more than $60 million to ?date.   ?	http://www.e2oinc.com?	?	Development Chain Software Firm IDe Raises $12 Million Mezz?

	CONCORD, Mass. (VENTUREWIRE) -- Integrated Development Enterprise (IDe),
which provides development chain management software for integrated product
development, said it has secured $12 million in mezzanine funding led by
HarbourVest Partners. The round included Dominion Ventures, OneLiberty
Ventures and management consultants PRTM. The company said it will use the
funding to continue product development, marketing, and sales.
	http://www.ide.com

	Gift and Home E-Marketplace Whereoware Raises $21 Million
	?	?	MCLEAN, Va. (VENTUREWIRE) -- Whereoware.com, a business to business ?marketplace for the gift and home industry, said it has secured $21 million ?from Crow Holdings, dmg world media, and George Little Management. The ?company said it will use the funds to further develop Whereoware's existing ?platform and to expand its range of services. Whereoware, which raised $4.6 ?million in a Series A Round this past summer, is also backed by Peregrine ?Systems and Ventera.    ?	http://www.whereoware.com?	?	New Investors Take 5% Stake in Ariba, Softbank Joint Venture?

	MOUNTAIN VIEW, Calif. (VENTUREWIRE) -- Publicly traded e-commerce platform
provider Ariba and Softbank said that 20 corporate investors will take a
combined 5% equity stake in their recently formed joint venture, Nihon Ariba
KK, which provides business-to-business Internet commerce products and
services in Japan. The firms are still negotiating the terms of the
investment agreement. After the close of the deal, Softbank E-Commerce and
Softbank Corp. will each hold 20% stakes in the venture, Ariba will hold 55%,
and the 20 new investors will hold the remaining 5%. The new investors
include CAC, CSK, Deutsche Bank, Fujitsu, Hewlett-Packard, Hitachi, IBM,
Itochu, Mitsubishi, Mitsui, Mogan Stanley Dean Witter, NEC, NTT, OBIC,
Sumitomo, Toshiba, and Toyo Information Systems.
	http://www.ariba.com
	http://www.softbank.com

	Imaging Product Firm RealTimeImage in $9 Million Third Round
	?	?	SAN BRUNO, Calif. (VENTUREWIRE) -- RealTimeImage, a provider of ?Internet-based imaging products for the graphic arts and medical communities, ?said it raised $9 million in its third round of funding. New investor DOR ?Ventures participated, along with previous investors Intel 64 Fund, Newbury ?Ventures, TDA Capital Partners, Challenge Fund, and Scitex. The company will ?use the funds to continue its product development. DOR Ventures CEO Arie ?Rosenfeld will join the company's board of directors.?	http://www.realtimeimage.com?	?	ProSeed Capital Makes Three International Investments?

	BRUSSELS (VENTUREWIRE) -- Belgium-based investment firm ProSeed Capital
Holdings said it made venture investments in three companies outside of
Belgium. ProSeed said it made investments in C Within, a Connecticut-based
provider of Internet-based communication products; Notal Vision, an Israeli
firm developing technology that enables retinal self-examination for patients
with retinal disease; and YAbA, a Scotland-based developer of diagnostic
tests for infectious diseases. YAbA also backed by 3i, the Scottish
Technology Fund, and Scottish Enterprise Edinburgh and Lothian. The amounts
of the  investments were not disclosed.
	http://www.cwithin.com
	http://www.proseedcapital.com
	http://www.yaba.co.uk

	ASP ProcureZone.com Secures $3 Million From Mitsui
	?	?	HINGHAM, Mass. (VENTUREWIRE) -- ProcureZone.com, an application service ?provider and Internet hub focused on the procurement of engineered equipment ?and materials, said it has formed a strategic partnership with Mitsui, a ?global trading company, under which Mitsui will provide ProcureZone.com with ?$3 million in equity financing. Mitsui will also assist ProcureZone in ?growing its buyer and supplier services in Japan. The company was founded by ?I-Group, a private Internet investor.  ?	http://www.procurezone.com?	?	Mobile Portal Firm Brightpod Names Additional Investors?

	RESEARCH TRIANGLE PARK, N.C. (VENTUREWIRE) -- Brightpod, a designer of
mobility portals for businesses, announced additional investors from its $5
million first round, led by the Aurora Funds, reported in September. Cordova
Ventures, Draper Atlantic, Frontier Capital, and Monument Capital also
invested in the round. Richard Maclean of Frontier Capital joined the
company's board of directors.
	http://www.brightpod.com

	new products
	?
	EA Web Holdings Launches Cardiac Health Sites
	?	?	BOCA RATON, F.L. (VENTUREWIRE) -- EA Web Holdings, developer of a group of ?cardiac health Web sites for patients and doctors, said it has launched the ?first two of three planned sites. MyHeathDr and MyHeartMall, both accessible ?at www.heartcenteronline.com, provide a cardiac encyclopedia, cardiac-related ?content, and cardiac healthcare products for sale. In April 2000 the company ?received $1.5 million in a Series A round from C. E. Unterberg, Towbin as ?well as from physicians and individual investors.    ?	http://www.heartcenteronline.com?	?	Data Storage Firm Xdrive Changes Name to Xdrive Technologies?

	SANTA MONICA, Calif. (VENTUREWIRE) -- Xdrive, a business database management
applications and online data storage firm, said it has changed its name to
Xdrive Technologies to expand its brand identity and to reflect the broad
range of its products. XDrive Technologies also said it has established its
headquarters in Santa Monica. In May of this year, the company raised $45
million in a Series C round of financing led by investor Wit SoundView
Ventures.
	http://www.xdrive.com

	Real Estate ASP SmartCity Announces Itself
	?	?	CAMBRIDGE, Mass. (VENTUREWIRE) -- SmartCity, which develops Internet ?applications for the real estate industry, announced itself. The company said ?it will soon launch a subscription-based listings application for posting ?properties to Web sites, and intends to offer real estate agents and brokers ?a one-year free trial of its service. The company, which has raised $800,000 ?to date from individuals in the real estate industry, said it is in the ?middle of raising an additional $2 million as part of its still-open Series ?A.    ?	http://www.smartcity.com?	?	m&a?	??	E-Learning Firm Blackboard Buys Campus Commerce, ID Firms?

	WASHINGTON (VENTUREWIRE) -- Blackboard, an electronic learning Internet
infrastructure software company, said it has reached an agreement to acquire
AT&T Campuswide Access Solutions, which iCollege had previously agreed to
acquire, and CEI SpecialTeams from iCollege for an undisclosed amount.
Blackboard is also acquiring iCollege's electronic learning Web property,
iCollege.com. These two campus commerce and ID platforms will be merged to
form Blackboard CampusWide Transaction Solutions. Blackboard is backed by
America Online, Dell Computer,  Pearson, Aurora Group, The Carlyle Group,
Internet Capital Group, Kaplan, Merrill Lynch Kecalp, and Novak-Biddle
Venture Partners.
	http://www.blackboard.com
	http://www.icollege.com

	new directors
	?
	Competix Adds VC Firm Founder and Ex-NetGravity CEO to Board
	?	?	BURLINGAME, Calif. (VENTUREWIRE) -- Competix.com, which provides online loan ?automation services, said it appointed Marty Stein and Eric W. Spivey to its ?board of directors. Mr. Stein is founder and president of Sonoma Mountain ?Ventures, and is also a partner at RSA Ventures. Mr. Stein was also former ?vice-chairman at Bank of America. Mr. Spivey was formerly chairman and CEO of ?NetGravity, a provider of advertising and marketing services. Competix.com is ?funded by JP Morgan, Trans Union, Bank of Montreal, and American Management ?Systems. ?	http://www.competix.com?	?	Communications Apps Firm UReach Names Board Chairman?

	HOLMDEL, N. J. (VENTUREWIRE) -- UReach, which makes unified communications
products, services, and applications, said it has appointed Semir D. Sirazi,
a former executive at U. S. Robotics, as chairman of the board. UReach raised
$16 million from Banc One and Argo Global Capital in a third round of
financing last month. The company's applications include call processing
components such as call forwarding, find me/follow me services and virtual
calling cards; messaging services such as email, voicemail and faxes; and
address book, calendar and document storage.
	http://www.ureach.com

	Site Structuring Firm Synquiry Adds BuyerZone Exec to Board
	?	?	BELMONT, Mass. (VENTUREWIRE) -- Synquiry, which develops content and site ?structuring software for Internet marketplaces, said it has appointed Steven ?Wishner to its board. Mr. Wishner is the CFO of BuyerZone.com, developer of a ?business-to-business Internet marketplace. Synquiry raised $800,000 in a ?Series A round led by Watermill eVentures in September of this year.   ?	http://www.synquiry.com?	?	new people?	??	Job Matching Service iGeneration Names President and CEO?

	SAN FRANCISCO (VENTUREWIRE) -- iGeneration, which connects Internet
professionals with jobs, said that Gary Millrood has joined the company as
president and CEO. Mr. Millrood will also join the board of directors. Toby
Corey, iGeneration's co-founder and former CEO, will continue to serve as
chairman of the board. Mr. Millrood previously worked on the management teams
for Hungry Minds, an online learning company; Ziff Davis' ZD Studios
division; and Internetwork, a monthly magazine focused on the Internet. He
most recently served as executive vice president of business development,
sales and marketing with IDG Books after it acquired Hungry Minds.
iGeneration is backed by Intend Change, Softbank, Wheatley Partners,
eCompanies, Chase H&Q, Point West Capital, and individual investors.
	http://www.igeneration.com

	Interior Design Marketplace DesignCenter360 Names First CEO
	?	?	NEW YORK (VENTUREWIRE) -- DesignCenter360, which is building a ?business-to-business Internet marketplace for the interior design industry, ?said it appointed Anthony Basile as its first chief executive officer.  ?Leslie Sadler, who had been acting CEO, will remain as the company's ?president. Prior to joining the company, Mr. Basile was vice president at ?Dakota Jackson, a high-end furniture manufacturer. DesignCenter360 plans to ?launch early in 2001 and is funded by Riverside Management Group and ?individual investors.?	http://www.dc360.com?	?	Pricing Technology Firm Optivo Names Former Oblix Exec CEO?

	PALO ALTO, Calif. (VENTUREWIRE) -- Optivo, developer of technology that can
be used by e-commerce vendors to adjust prices in response to changing market
conditions, said it named Robert Drescher as its president and chief
executive officer. Andy Atherton, the company's co-founder and acting
president, remains with the company as vice president of business
development. Prior to joining the company, Mr. Drescher was vice president of
marketing for Oblix, a developer of Internet business infrastructure
software. Optivo, formerly known as Resonant Commerce, is funded by Norwest
Venture Partners and individual investors.
	http://www.optivo.com

	Tenant Screening Firm SafeRent Names CEO, President
	?	?	DENVER (VENTUREWIRE) -- SafeRent, which runs an online tenant screening and ?risk management service for the apartment industry, said Linda Bush, former ?president and COO, has been appointed CEO. Scotte Hudsmith, former COO and ?CFO at Sienna Imaging, a digital photographic technology firm, will join ?SafeRent as the new president and COO. In May of this year, SafeRent raised ?$7 million in its first round of venture financing led by Boulder Ventures.   ?	http://www.saferent.com?	?	Automated Trading Systems Names CEO, President?

	NEW YORK (VENTUREWIRE) -- Automated Trading Systems, which develops
applications for the insurance and trading industries, said chairman Don
Weeden, also chairman of Weeden Securities, has been appointed interim CEO.
Glenn Phillips has been named president and COO. Automated Trading Systems is
backed by Softbank Tech Ventures, Zero Stage Capital, and financial industry
individuals. Telephone 203-406-8800 Ext. 11.

	vc fund news
	?
	Hyperion Partners Closes on $73 Million of $100 Million Fund
	?	?	ROSH HA'AYIN, Israel (VENTUREWIRE) -- Hyperion Partners said it raised $73 ?million of a $100 million fund, Hyperion III, which it expects to close by ?January of 2001. The firm focuses on early stage start-ups in the broadband, ?wireless, and Internet commerce technology sectors in Israel. Investors in ?the fund include the Alrov Group, Bank Hapoalim, Clal, Credit Suisse First ?Boston, ECI Telecom, GMAC, Paolim Capital Markets and Paolim Investments, and ?Silicon Valley Bank. The firm expects to make investments between $1 million ?and $10 million in each portfolio company with the average investment size ?between $3 million and $5 million per round. The fund already has earmarked ?money for portfolio companies in the telecommunications and Internet ?infrastructure sectors. Hyperion is based in Israel and Uniondale, New York. ?Telephone 516-745-6644.?	?	Crosspoint Confirms It is Delaying $1 Billion Fund?

	WOODSIDE, Calif. (VENTUREWIRE) -- Crosspoint Venture Partners confirmed
reports that it has postponed its ninth fund, which had commitments totaling
over $1 billion. The company cited the dip in the stock market; market
congestion for young companies; and a concern that good companies will have a
hard time in the current market as the main reasons for the postponement. The
firm said it wants to make sure it generates returns its limited partners are
used to getting. Crosspoint said there is enough money in its $854 million
2000 fund to finance a few new companies should it see fit, but will now
mainly focus on bringing its existing young companies to profitability. The
firm said it plans to continue with the fund at an undetermined point in the
future and expects that its committed limited partners will continue with the
firm.
	http://www.cpvp.com

	vc personnel
	?
	Former Sun Microsystems Exec Joins Gabriel Venture Partners
	?	?	REDWOOD SHORES, Calif. (VENTUREWIRE) -- Gabriel Venture Partners, which ?invests in communications, information technology, and Internet companies, ?said it has appointed Joe Roebuck as a partner in the Gabriel Fund II, which ?remains open. He will have an advisory role for portfolio companies. Mr. ?Roebuck was a sales and operations executive at Sun Microsystems for two ?decades.     ?	http://www.gabrielvp.com?	?	Redleaf Group Opens Boston Office, Names Managing Director?

	BOSTON (VENTUREWIRE) -- Redleaf Group, a technology operating company that
provides services and capital for seed stage Internet technology companies
said it opened a Boston office and named David Diamond as managing director.
Redleaf now has offices in ten cities. Mr. Diamond previously served as
general manager of corporate technology planning at Verizon Communications
and served as the general manager of emerging business operation at BBN,
which was acquired by GTE.  Redleaf's strategic investors include Safeguard
Scientifics, Novell, VentureBank@PNC, Mellon Ventures, and Hewlett-Packard.
	http://www.redleaf.com

	vw amplification
	?
	Cerida
	?	?	NEW YORK  (VENTUREWIRE) -- Cerida, formerly known as Telesales, made ?available additional details about its round of funding, which was reported ?in yesterday's VentureWire. The company received $6 million in the round, of ?which Berkshire Capital Investors invested $1 million. Brad Svrluga, ?principal at BCI, Tod Hibbard of Fleet Development Ventures, and Mark ?Morrissette of North Atlantic Capital joined the company's board of directors.?	http://www.cerida.com?	?	vw corrections?	??	Three Arch Capital Partners?

	NEW YORK (VENTUREWIRE) -- Yesterday's VentureWire story about a new $200
million fund raised by Three Arch Capital Partners omitted Mike Kaplan from
the list of partners who will manage the fund.

	company index
	?	?	724 Solutions, ACCESS International, Ariba, Blackboard, Brightpod, C Within, ?Cerida, Clarendon Photonics, Competix.com, Crosspoint Venture Partners, ?Crosspoint Venture Partners, DemandTec, DesignCenter360, E2O Communications, ?El Dorado Ventures, FirstDoor.com, Gabriel Venture Partners, Heart Center ?Online, iCollege, iGeneration, INEA, Integrated Development Enterprise, iVMG, ?Latinia, MaMaM! edia, Medschool.com, Optivo, Parachute, ProcureZone.com, ?ProSeed Capital Holdings, RealTimeImage, Redleaf Venture Management, Saferent?, SmartCity, Softbank, Spintopia.com, Synquiry Technologies, Tantau Software, ?Tapestria, uReach, Vectiv, Whereoware.com, Xdrive, YAbA?	?	?	?	Where will you find the world's leaders in the optical?	communications industry discussing the latest trends,?	developments, and future direction of the field??	Optix2001 Feb 11-14 in Pasadena CA.?	?	Be on the cutting edge of optical communications technology?	with industry experts and scholars such as Joe Bass, VP and?	GM of the Wavelength Routing Business Unit at Cisco Systems,?	and John E. Bowers, Professor and Director of the?	Multidisciplinary Optical Switching Technology Center at?	UC Santa Barbara.?	?	Also participating are CEOs from the top 48 optical?	communications organizations, providing attendees with an?	unparalleled inside look at the companies and players in?	this dynamic field.?	?	Participation at this event is subject to approval and is?	limited to senior executives involved in the optical?	communications industry. For your registration pack link ?to:http://www.optix2001.com/optix_reg.html?	?	?	investor index?

	AC Ventures, Allen & Co., Altos Ventures, Athena Technology Ventures, Belkorp
Industries, Cambridge Technology Partners, campsix, Cargill, Challenge Fund,
CNF Transportation, Convergence Partners, Crosspoint Venture Partners, Crow
Holdings, Delphi Ventures, Discovery Ventures, dmg world media, Dominion
Ventures, DOR Ventures, Economic Development Board of Singapore, Fortune
Venture Capital, Foxconn Optical Technology, GE Equity, G! eorge Little
Management, HarbourVest Partners, Hunter Douglas, ING Barings, Intel 64 Fund,
Leeds Equity Partners, Lehman Bros. Venture Partners, Mitsui, New Enterprise
Associates, New Enterprise Associates, Newbury Ventures, Nonstop Solutions,
OneLiberty Ventures, Paradigm Capital Partners, Paragon Investments, Patricof
& Co. Ventures, PRTM, Scitex, Sevin Rosen Funds, Sterling Payot, SunAmerica
Ventures, TDA Capital Partners, Ventures West Management, Vortex Partners,
Windward Ven! tures

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BUSINESS STANDARD, Monday, November 19, 2001
A survival kit for Tata Power, BSES, S Ravindran Mumbai
---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
THE DECCAN CHRONICLE, Monday, November 19, 2001
HC restrains Centre from encashing guarantees

Similar story also appeared in the following publications:

THE HINDUSTAN TIMES, Monday, November 19, 2001
Govt restrained from encashing guarantees against Dabhol Power

THE DECCAN HERALD, Monday, November 19, 2001
HC disallows encashing guarantees

THE INDIAN EXPRESS,Monday, November 19, 2001
Govt told not to encash DPC cover
---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
THE FINANCIAL EXPRESS, Monday, November 19, 2001
DPC cancels Houston board meet, Sanjay Jog

Similar story also appeared in the following publication:

THE INDIAN EXPRESS, Monday, November 19, 2001
Houston meet of DPC board cancelled, Sanjay Jog
---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
BUSINESS STANDARD, Monday, November 19, 2001
Blackout in the power sector, A V Rajwade
---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
BUSINESS STANDARD, Monday, November 19, 2001
A survival kit for Tata Power, BSES, S Ravindran Mumbai

The two domestic power biggies_Tata Power and BSES_are vying for Enron's 65 per cent stake in the Dabhol Power Company (DPC) in what seems like a critical battle for survival for both. Tata Power, it appears, has two primary reasons to bid for Dabhol Power: one, it gets a ready built plant when all its other projects are on paper; two, it also pre-empts arch rival BSES. This is the more important issue, for if BSES gets DPC, it will stop lifting 500 mw of power from Tata Power. For the latter, this could be tragic since it cannot possibly find a buyer for the excess power in the vicinity, especially since the Maharashtra State Electricity Board (MSEB) says it has enough generation capacity of its own.

BSES, on the other hand, apart from dealing a severe blow to Tata Power, may also be able take a relook at several of the other contentious projects on hand. "If BSES were to gain control of the 2,184 mw power project, it would source the required 500 mw power from this project and stop buying it from the Tatas. Already, after BSES set up the 500 mw Dahanu power plant in Maharashtra, it has been buying consistently less power from the Tatas," say independent observers in the power industry. But a senior Tata executive defends the company's position. "Our power plants have been built through World Bank funding which has been guaranteed by the Union government. Under these circumstances, power would have to be evacuated till the loans are repaid. We have time till 2014 when our licence expires," he said. But gaining control of DPC is hardly a simple issue. Urmik Chhaya, power analyst at Kotak Securities says: "Any company which takes over this project will have to raise huge funds. How are they going to do that? The other question is where will they sell the power and what will be the payment security mechanism? These are the fundamental questions that will have to be addressed before any takeover of the project can be contemplated."

But Chhaya points out that DPC will be crucial to Tata Power's overall gameplan. "After next year, how does Tata Power grow its power business?" One estimate has it that anyone wanting to take over the power project will have to pay a minimum of $700 million. "Assuming both companies bid at this reserve price, even at an exchange rate of Rs 47.50 to the dollar, they will have to pay Rs 3,325 crore. This is around 50 per cent of Tata Power's balance sheet size of Rs 6,465.95 crore and around 75 per cent of BSES's balance sheet size of Rs 4,327.40 crore. How will these two companies raise the money?" says an analyst.

However, a senior BSES executive points out that the company has a low gearing with a debt-equity ratio of 0.25:1. "Raising Rs 2,000 crore at short notice is no problem at all. After all, what is the use of such a low debt-equity ratio otherwise," this executive asks. Tata group sources also say that raising finance is the least of their worries. "We are the country's largest independent power producer with an installed generation capacity of over 2,000 mw. We can always raise money on the strength of our balance sheet," say Tata group executives. However, a change in management control at DPC will have to be accompanied by a series of legislative changes. First, if the new owner is not allowed to sell power outside Maharashtra, the project is unlikely to make any sense for the buyer. Particularly, as the state government has made it clear that it can absorb only 740 mw of the proposed 2,184 mw installed capacity. This will mean giving the Dabhol project a mega-power status. This is far from easy as this will need an amendment by Parliament as the project was not set up through the competitive bidding route but through a memorandum of understanding.
---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
THE DECCAN CHRONICLE, Monday, November 19, 2001
HC restrains Centre from encashing guarantees

In an ad-interim order, Mumbai High Court has restrained the Centre and customs authorities from encashing guarantees undertaken by State Bank of India in regard to customs duty payable by Enron-promoted Dabhol Power Corporation for importing equipment to build liquified petroleum gas terminal in its Dabhol plant. The ex-parte injunction was granted by Justice D G Karnik on November 15 on a petition filed by DPC challenging the showcause notice issued by customs authorities asking the company to pay Rs 245 crore as import duty on the equipment. The Court also restrained the SBI to make payment under the guarantees undertaken by it on behalf of DPC. The Judge, however, allowed DPC to file an appeal before customs, excise and gold appellate tribunal within a period of four weeks from the date of his order. He also ruled that the ex-parte injunction order shall automatically stand vacated from December 15 subject to the orders that may be passed by the tribunal. Meanwhile, the court directed DPC to keep the bank guarantee enforceable.
---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
THE FINANCIAL EXPRESS, Monday, November 19, 2001
DPC cancels Houston board meet, Sanjay Jog

The Enron-promoted Dabhol Power Company (DPC), which is yet to recover from the shock following its acquisition by Dynegy last week, has cancelled its board meeting scheduled for November 19. The DPC board, which consists of two directors from the Maharashtra State Electricity Board (MSEB) and one representing the state government, was to meet on Monday at Houston to delegate necessary powers to the Enron India managing director K Wade Cline for issuing a final termination notice to the MSEB. The DPC company secretary, in a faxed communication, has informed the MSEB chairman Vinay Bansal and the state principal energy secretary Vinay Mohan Lal that the board meeting slated for Monday has been cancelled until further announcement.

Curiously, the DPC communication is silent over the reason for the cancellation of the November 19 meeting. Mr Bansal told The Financial Express on Sunday, "I have been intimated by the DPC that November 19 meeting has been cancelled." When contacted, DPC spokesman Jimmy Mogal declined to comment. MSEB, which holds 30 per cent stakes in the Dabhol phase-I (740 mw) in its letter of November 12 had asked the DPC not to hold a board meeting on November 19 in view of the Mumbai High Court restraining the DPC from issuing a final termination notice until further orders. The High Court in its judgement delivered on November 9 over a civil suit filed by the Indian financial institutions (IFIs) has slated the next hearing on December 3.

Analysts said that the DPC's decision to cancel the November 19 meeting was quite expected as the company was aware that the situation in the wake of Enron's aquisition by Dynegy was fluid and it would need some time to take stock of the situation. Further, the Mumbai High Court's order, which gave a much-needed repreive to the MSEB as well as IFIs, came as a major setback to the DPC, which had already served an asset transfer notice to the MSEB on December 5. The MSEB had already communicated to the DPC that it would not be party to the DPC's decision to appoint a valuer after the issuance of asset transfer notice since it has rescinded the power purchase agreement on May 29 following a material misrepresentation and default on the availability of power by DPC. The IFIs had prayed that the issuance of final termination notice by DPC to MSEB would jeopardise their interest as well as investments in the "distressed" Dabhol project.

The November 19 meeting was also to take up issues related to the asset preservation, the financial position of DPC relating to the phase-I, debt servicing, safeguarding the legal position of its directors and opening of letter of credit for shipping. The DPC board was quite worried especially over the upkeep of the Dabhol plant, which has been closed since May 29 when MSEB suspended power purchases. The construction contractors have also suspended construction works on Dabhol phase-II (1,444 mw) from June 17 in view of DPC's inability to make their payments. The DPC board would also have taken up the issue relating to the DPC's decision to pull out of the Dabhol project. The company, which had decided to sale its stakes at $1.2 billion, recently expressed its desire to reduce it at around $850 million.
---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
BUSINESS STANDARD, Monday, November 19, 2001
Blackout in the power sector, A V Rajwade

Every foreign company in the Indian power sector wants to exit. Of these, the most controversial has been Enron and its Dabhol Power Company Ltd (DPCL). This apart, the experience of investors in the "reformed" power sector in Orissa is also unhappy. Five years ago, Orissa was the first state to adopt the World Bank-recommended model of separating generation, transmission and distribution of power, and an independent regulator. The Godbole Committee has recently recommended the same for Maharashtra as well. Clearly, separating the three functions is a complex restructuring. Maybe it helps privatisation, the current fashion on the subject having been set in Thatcherite Britain. While some privatisations in UK have succeeded, the experience has not been consistent all over.

Take UK's rail sector. While privatising, the government in its wisdom decided to separate the ownership of the rail network (Railtrack) and the ownership and operation of trains. The contractual relationship between the various operating companies and Railtrack were governed by a byzantine, bewilderingly complex system of penalties and incentives, to be monitored by an independent regulator. Such separation had no parallel. Besides, Railtrack suffered from poor management, cost escalation in modernisation of tracks, etc. Several serious accidents occurred and fixing responsibility became difficult. The "reform" did not work, and Railtrack was put back under public control last month.

What are the chances of trifurcation of the power sector in India succeeding? Pretty poor, if the experience of Orissa is any guide. It faithfully separated the three functions, and privatised distribution and part of generation. AES, a foreign company, was 49 per cent investor in a generating company, and 51 per cent in CESCO, a distribution company. As Gajendra Haldea analysed in this paper on August 27, "The policy and regulatory framework was inadequate and myopic." Distribution losses, a euphemism for power theft, were much larger than the companies had been led to believe at the time of privatisation. CESCO defaulted in paying the dues of GRIDCO, the transmission company, which in turn defaulted to the generating company. Indeed, all CESCO's cash inflows are now escrowed, leaving it no money even to pay salaries. For all practical purposes, the distribution companies seem to be in a difficult situation, perhaps beyond redemption, and the "reform" is a total mess. The crux of the problem in the power sector is not whether a unified SEB is less efficient than trifurcated companies _ it is the political unwillingness to charge a price which covers the cost to all consumers. For a while, cross subsidisation worked with commercial consumers subsidising the household and the agricultural segments.

However, as the burden became too large, the commercial sector started moving to captive generation, further worsening SEB finances. An "independent" regulator for power tariffs may not solve the problem. He may fix economic prices _ but will the state come forward to protect the bill collectors, punish power thiefs, face social unrest if power to recalcitrant consumers is cut off? So long as the answers to these questions are in the negative, as, sadly, they are, the institutional restructuring is no substitute for substantive action. No wonder all foreign investors in the power sector want to get out!

Enron too wants out _ but it has many more problems in its home country, over and above its dispute with MSEB. It had attracted a lot of adverse publicity for gouging power consumers in California, a state in a power crisis (see World Money, February 2, 2001). The Internet craze also had a hand in Enron's misfortunes. It became an energy trader, established an electronic trading platform, had broadband ambitions, went into a disastrous diversification in water supplies which, if I remember correctly, led to Rebecca Mark's exit. Perhaps it went into too many areas too quickly under Jeffery Skilling, ex-McKinsey, and was notorious for opaque, complex accounts.

To top it all, last month it announced that it will take an extraordinary $1.2 billion charge in its third quarter results for losses in financial activities. Enron's chief financial officer, who was supposed to be in charge of these, has resigned amidst reports that a private equity fund associated with him was involved in them. The SEC is investigating the affair and Enron's share price is down 67 per cent since mid-October. There are some reports that Shell may make a bid for Enron. After its ratings were downgraded, Enron is desperate for liquidity and anxious to dispose its assets. DPCL was already on the platter; now a sale has become even more urgent. Reportedly, Tatas and BSES are interested; so are the lending institutions. Clearly, if a settlement is to be reached, this is the optimum time. But one is not very optimistic. For one, Delhi and Mumbai will be involved, and bureaucracies never understand opportunity costs. Our byzantine decision-making processes make timely decisions impossible. Further, if a deal does take place, there will be the inevitable allegations of corruption. It is much safer for the reputation of the concerned ministers in Mumbai and Delhi to allow the drift to continue, to "let the law take its own course", whatever the costs! Sadly, as Jairam Ramesh said in this paper, Indian politicians respond to developments only out of compulsion, not conviction.


Thank you for signing up to attend the JDF Kick-off Luncheon and for agreeing
to be a team leader for our campaign this year.

I look forward to seeing each of you at the luncheon tomorrow, Wednesday,
September 6th, at the Hyatt Regency Hotel in the Imperial Ballroom at 11:30
a.m.  Enron has reserved several tables, so be sure to join us at one of our
tables.

Again, my sincerest thanks for your commitment to JDF and our campaign.  See
you tomorrow.

Mike

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

By now all of you should have received an invitation to the JDF 2000 Walk to
Cure Diabetes Kick-Off Luncheon on Wednesday, September 6th, 11:30 a.m. -
1:00 p.m. at the Hyatt Regency Hotel.  I would like to take this opportunity
to personally invite and encourage each of you to attend and join me as we
represent Enron at this important meeting.

Our plan is to reserve several tables at the luncheon just for Enron.
Whether you have received an invitation or not, I would like for each of you
to make plans to join us at the luncheon.  In order to reserve sufficient
seats at the luncheon (and even if you have already made a reservation with
the JDF office) please send a brief Lotus Notes message to Cathy Phillips or
call her at X-36898 to let her know if we may plan on your attendance.

I look forward to seeing you at the luncheon and working with you on the fun
and exciting JDF campaign that we have planned for this year.  Thank you.

Mike McConnell


The Commission closed the hearings last night at 7 PM.
The Commission refused all attempts by the utilities'--and there were
several--to get information on "ending the rate freeze" into the hearing
record.
The Commission is attempting to get a draft decision out at 10 AM today (PST).
If it gets out, there will be oral argument at 12:30 today (PST), with final
decision issued tomorrow at the Commission's regularly scheduled business
meeting.
If it does not get out, there will be no oral argument, and the Commission
will issue its final decision tomorrow at its regularly scheduled business
meeting.
Anything could happen but it appears at this point that the decision will
only address the need for a rate increase (rumors flyling furiously regarding
how high the increase will be), with "rate freeze" issues put off for another
day in the near future.
Yesterday, the Governor of California joined Edison's suit against FERC
calling for region-wide, hard price caps.


DOUGLAS GILBERT-SMITH,
?
The PEP system closes on Friday, May 25, 2001.
?
Our records indicate that you have not selected reviewers.  Please suggest a
list of reviewers as quickly as possible - the feedback process cannot begin
until your list of reviewers has been reviewed and approved by your
supervisor.
?
To suggest your reviewers, access PEP at http://pep.enron.com and select
'Suggest Reviewers' from the Main Menu.
?
If you have any questions regarding the PRC process or the PEP system, please
contact the PEP Help Desk at:
Houston:  1.713.853.4777, Option 4 or email: perfmgmt@enron.com
London:  44.207.783.4040, Option 4 or email: pep.enquiries@enron.com


This is one of the things I will be doing to stay busy.


This is the memo crafted by Andrew Parsons that was sent to the traders last week regarding their back-up spots on the 30th floor of ECN during the remainder of the construction in ECS.  You and Greg were copied on the original send of this memo.  --Sally

 -----Original Message-----
From: 	Beck, Sally
Sent:	Friday, October  5, 2001 4:04 PM
To:	Davis, Dana; Benson, Robert; Quenet, Joe; Broderick, Paul J.; Gupta, Gautam; Thomas, Paul; Stepenovitch, Joe; Campbell, Larry; Makkai, Peter; Phillips, William; Rogers, Benjamin; Sturm, Fletcher J.; Ballato, Russell; Simpson, Erik; Lorenz, Matt; Baughman Jr., Don; Kinser, John; Errigo, Joe; Valdes, Maria; Carson, Mike; Hernandez, Juan; Garcia, Miguel; Laurent, Dean; Podurgiel, Laura; Gilbert-smith, Doug; King, Jeff; Forney, John M.; Schiavone, Paul; Saibi, Eric; Arora, Harry; Stalford, Robert; Wang, Steve; Gualy, Jaime; Chen, Hai; Will, Lloyd; May, Tom; Miller, Jeffrey; Coulter, Kayne; Dean, Clint; Gilbert, Gerald; Burnett, Lisa; Choate, Jason; Lotz, Gretchen; Hansen, Patrick; Rust, Bill; Bentley, Corry; Day, Smith L.; White, Stacey W.; Allen, Thresa A.; Evans, Casey; Vinson, Donald Wayne; Dahlke, Andrea; Carter, Tim; Chapman, Tom; Franklin, Warrick; Mattox, Michael; Estrada, Israel; Stevens, Martha; Le, Trang; Rivera, Patricia; Fayett, Juana; Durham, Kim; Grace, Rebecca M.; Black, Tamara Jae; Shoemake, Lisa; Hennessy, Sonia; Guerra, Claudia; Kinsey, Lisa; Wesneske, Brian; Pendergrass, Cora; Haynes, Daniel; Brady, Kevin; Lenart, Kirk; Straight, Margie; Schrab, Mark L.; Gilmore, Tammy; Dempsey, Wes; Hall, Bob M; Superty, Robert; Ordway, Chris; Sanchez, Christina; Prudenti, Dan; Collins, Joann; Homco, Meredith; Ramirez, Robert; Dinari, Sabra L.; Carter, Tamara; Lamadrid, Victor; Olsen, Michael; Muzzy, Charles T.; Smith, George; Villarreal, Jesse; Trofholz, Lisa; Lisk, Daniel; Adams, Jacqueline P.; Sutherland, Jan; Groenewold, Shannon; Mendel, Shelly; Brewer, Stacey J.; Christiansen, Suzanne; Evans, Ted; Spiegelhauer, Walter; Chavez, Alejandra; Kulic, Sladana-Anna; Bike, Anne; Mills, Bruce; McLaughlin Jr., Errol; Royed, Jeff; Gossett, Jeffrey C.; Taylor, Joey; Keiser, Kam; Heu, Mog; Jones, Monte; Winfree, O'Neal D.; Love, Phillip M.; Palmer, B. Scott; Lavorato, John; Kitchen, Louise; Lewis, Andrew H.; Storey, Geoff; Shively, Hunter S.; Williams, Jason (Trading); Cuilla, Martin; Mims, Patrice L.; Donohoe, Tom; Mckay, Brad; Keavey, Peter F.; Brawner, Sandra F.; Hendrickson, Scott; Neal, Scott; Zipper, Andy; Quigley, Dutch; Arnold, John; Griffith, John; May, Larry; Maggi, Mike; Lagrasta, Fred; Farmer, Daren J.; Baumbach, David; Bass, Eric; Schwieger, Jim; Parks, Joe; Martin, Thomas A.; Ermis, Frank; Reitmeyer, Jay; Holst, Keith; Gay, Randall L.; Allen, Phillip K.; Saldana, Alex; Jackson, Brandee; Rangel, Ina; Hogan, Irena D.; Bates, Kimberly; Choate, Heather; Swinney, John; Sharma, Shifali; Prejean, Frank; Bennett, Joel; Harding, Jason; Glover, Sheila; Carrington, Clara; Casimir, Reno; Hall, D. Todd; Thomas, Sheri; Reck, Daniel; Arnold, Matthew; Kravas, Christopher; Ashman, John; Beckstead, Jason; Arendes, Mike; Perun, Mike; Carey, Brad; Olitsky, Sandy; Landry, Valerie; Auzenne, Chevondra; Mcclellan, George; Pennix, Chad; Massey II, John; Pazos, Juan; Mcgowan, Kevin; Hochschild, Lenny; Sonesson, Martin; Wharton, Marc; Groves, Eric; Whitehead, Jonathan; Robinson, Ted; Economou, Frank; Gagliardi, Larry; De La Ossa, Mario; Goughary, Jim; Berry, Philip; Mulholland, Sarah; Wilson, John; Danaher, Patrick; Fuller, Robert; Jackson, Lee; Hicks, W. Wade; Story, S. Craig; Bogucki, Robert; Vitali, Lisa; Metry, Adam; Elliott, Steven M.; Weaver, Vickie J.; Engberg, Alan; Nowlan Jr., John L.; LeBroc, Christian; Tellez, Tomas; White, Bill; Loosley, David; South, Chad; Gasper, Michael J.; Norman, Ina; O'toole, Audry; Rambin, Valarie; Posway, James; Tawney, Mark; Piekielniak, Elsa; Vu, Steven; Ramachandran, Sandeep; Gil, Eduardo; Nguyen, Michael; Ribeiro, Claudio; Dinh Le, Huy; Crane, Bob; Tamm, Mike; Comeaux, Clinton; Conner, Andrew R.; Daniel, John; Deadwyler, Erik; Epstein, Jay; Richard, Robert; Hermans, Greg; O'Donnell, Kevin; Keenan, Sean; Mao, Shari; Ihrig, Chad; Wilder, Wesley; Asterman, Tim; Haney, Lori; Morris, Stella L.; Newton, Jerry; Zacouras, Nick
Cc:	Piper, Greg; Pickering, Mark; Parsons, Andrew; Harrington, Stephen R.; Bucknell, Martin; Rub, Jenny
Subject:	Enron Center South (ECS) Move Back-up Plan

A backup seat and a backup computer have been assigned to you.  Please read this communication in detail.

Purpose:  Net Works has developed a backup plan for possible work stoppages after moving to the new building.  A wider business continuity plan will be rolled out next year.

Location:  Large areas of the 30th and 31st floors of the current building, Enron Center North, will be set aside for recovery purposes.  Your name has been put on the list and you will be notified once the seat assignments are finalized.  Locations will also be posted at the entryways on the 30th and 31st floors.

Timing.  Through November, backup seats assignments will be announced as each trading group moves to the new building.  The backup seats will be available at least to January 1st.

Testing.  Test times to try the backup PC and to familiarize yourself with your backup location will be announced by the IT team as the locations are finished.

Telephones.   Only regular phones will be available.  For those with speed dial phones, the IT team will download the numbers and leave them on a piece of paper at your seat assignment.  Because the numbers change frequently, we ask that you rely on keeping track of the numbers yourself and use the number lists as a last resort.

Other supplies.  The IT team is not responsible for non-technical or special needs.  If you rely on hard copy forms, address books, etc, you will need to be sure to leave appropriate supplies when you test the computer, or bring supplies along if you are asked to move to your backup seat.

Limited Access.  The backup floor is not meant as a backup day-to-day work environment.  To keep the equipment functioning and secure, we plan to limit access except for test times and if we need to invoke the plan because of a work stoppage.

Escalation Procedures.  The plan will be  as follows:

I.	During regular business hours

A.  Announcement.  You will be notified via the PA system if you need to move to the backup location.

-OR-

B.  No Announcement.  If an obvious problem like a fire or power shutdown occurs, for example, all personnel with a seat assignment will be expected to make their way to their backup seat without notification.

II.	After hours

For after hours issues, greeters will announce the move to the backup location as people arrive to work.  E-mails and voice mails will also be distributed.


Yannis,

It makes a lot of sense to get this info.

Also, You are welcome to make a presentation to the group this Thursday at
lunch.

Please, call Shirley Crenshaw (X3-5290) to coordinate and order sandwich
you would like to have.

Vince

Joe, Can you, please, babysit this presentation (make sure we have all the
audiovisual
equipment we need, etc.).

Vince

Yannis Tzamouranis
03/28/2000 02:50 PM
To: Yannis Tzamouranis/HOU/ECT@ECT
cc:  (bcc: Vince J Kaminski/HOU/ECT)
Subject: Is this data of interest to any of you?

FYI:

The following file describes the contents of the Monthly Energy Review
(Application, Current, and Historical).
The data is available through a DoE site and we can get it for free and
incorporate it in the LIM database, if there is interest.

Review the attached file (look for keywords of interest) and let us know
whether need dictates loading these datasets.

For the
Market Analysis and Infomration Management Group,
Yannis C. Tzamouranis
ENRON IT


Janel Guerrero
	03/20/2001 08:48 PM

		 To: Ginger Dernehl/NA/Enron@Enron
		 cc:
		 Subject: Please send to everyone

Ginger:  you still have the master distribution list.  Will you please foward
the documents to all of our people?  Thanks

----- Forwarded by Janel Guerrero/Corp/Enron on 03/20/2001 08:47 PM -----

	Richard Shapiro
	03/20/2001 12:19 PM

		 To: Mark Palmer/Corp/Enron@ENRON, Karen Denne/Corp/Enron@ENRON, Janel
Guerrero/Corp/Enron@Enron
		 cc:
		 Subject: Consumer Group Reports Issued

FYI. Janel - you might want to distribute more broadly within group.-- Thanks.
---------------------- Forwarded by Richard Shapiro/NA/Enron on 03/20/2001
12:17 PM ---------------------------

"Samantha Slater" <SSLATER@epsa.org> on 03/20/2001 12:08:16 PM
To: <bhawkin@enron.com>, <bhueter@enron.com>, <bmerola@enron.com>,
<christi.l.nicolay@enron.com>, <donna.fulton@enron.com>,
<Elizabeth.Linnell@enron.com>, <harry.kingerski@enron.com>,
<janelle.scheuer@enron.com>, <jeff_brown@enron.com>, <jhartso@enron.com>,
<jmigden@enron.com>, <jsteffe@enron.com>, <jsteffes@enron.com>,
<marchris.robinson@enron.com>, <Mary.Hain@enron.com>,
<Mona.L.Petrochko@enron.com>, <Paul.Kaufman@enron.com>, <rboston@enron.com>,
<rshapiro@enron.com>, <sarah.novosel@enron.com>, <snord@enron.com>,
<Tom.Chapman@enron.com>, <tom.hoatson@enron.com>
cc:

Subject: Consumer Group Reports Issued

On March 19th, the Foundation for Taxpayer & Consumer Rights published a
report in it's Bailout Watch newsletter (Special Report: The Manufactured
Energy Crisis) concluding that California's energy crisis has been
manufactured by "energy firms."  A copy of the report is attached and is also
available on the organization's website at www.consumerwatchdog.org.

Today, the Consumer Federation of America released a report (Behind the
Headlines of Electricity Restructuring: A Story of Green, Irresponsibility
and Mismanagement of a Vital Service in a Vulnerable Market) asking
policymakers to "rethink" the move toward retail electric competition.  A
copy of the report is available at their website at www.consumerfed.org or
www.consumerfed.org/calmkt.pdf.  Copies of the press release and the report
are also attached.

 - calmktpress.pdf
 - calmkt.pdf
 - bailout21.pdf


i join your anger

 -----Original Message-----
From: 	Scott, Susan M.
Sent:	Thursday, March 14, 2002 12:02 PM
To:	Quigley, Dutch
Subject:	I hate yahooooooooooooooo


I am sorry I did not understand your message. You must have been in San
Antonio. Brad


As you might be aware,  Susan Scott (the book admin for the pipe option book)
was forced by system problems to stay all night Wednesday night and until 200
am Friday  in order to calc my book.  While she is scheduled to rotate to the
West desk soon,  I think we need to discuss putting two persons on my book in
order to bring the work load to a sustainable level.  I'd like to meet at
2:30 pm on Monday to discuss this issue.  Please let me know if this time
fits in your schedules.

Thanks,

Larry


----- Forwarded by Tana Jones/HOU/ECT on 01/19/2001 09:18 AM -----

	Louise Kitchen
	01/19/2001 08:38 AM

		 To: Tana Jones/HOU/ECT@ECT
		 cc:
		 Subject: Re: ASAP-Preliminary List of Online Contracts

Did you include Gene Diers and Mark holdsworth

From: Tana Jones on 01/18/2001 06:40 PM
To: Louise Kitchen/HOU/ECT@ECT, Dave Samuels/HOU/ECT@ECT, Kal
Shah/HOU/ECT@ECT, Carmen Ayala/Enron@enronXgate, Jay Webb/HOU/ECT@ECT, John
Pavetto/Corp/Enron@Enron, Bob Hillier/Enron@enronXgate, Paul
Goddard/EU/Enron@Enron, Justin Boyd/LON/ECT@ECT
cc: Anne C Koehler/HOU/ECT@ECT, Mark Taylor/HOU/ECT@ECT

Subject: ASAP-Preliminary List of Online Contracts

Attached is what I hope is a pretty complete list of the EnronOnline
contracts I have been made aware of.  There are a few I have open questions
about  or am waiting to receive copies of the contract.  Can each of you
please take a look and think about whether there are any others we may be
missing.  Again, my time frame is short here, so if I can get your response
promptly I would be most appreciative.


Amy, we do put people under contract with a definite term; however, at the
end of that term, the employee converts to an employee at will.  We also hire
consultants for a fixed term, but a year-long period for an individual is
pretty long for a consultng position.  What is the situation?  Maybe we can
find an alternative.

Michelle

Amy FitzPatrick
08/09/2000 06:12 PM
To: Michelle Cash/HOU/ECT@ECT
cc:
Subject: One Year Agreements

Michelle -

Do we ever do fixed term offers?  I got a question today from RD Hawkins as
LasVegas Cogen asking if we could hire someone for a one year period of
time.  I know we can do it in the UK, just not sure about the US.

Thanks!
Amy


Weekly meeting


The November 2000 EPSC & EIS Invoices are now available for your review at
the following locations:

 O:\Fin_Ops\EPSCInvoices\2000\00_11

 O:\Fin_OPs\EISInvoices\2000\00_11

The following deadlines apply for the November, 2000 invoices:

 December 15 , 2000  Rent and Related adjustments due to JoAnn Holloway

 December 20, 2000  All other adjustments due to me by NOON.
     All received after noon will be adjusted with the November. reclasses.

My location is EB 2420A and my extension is 3-6363.

 Thanks,

Keith


Could you fill me in on this when you get the chance?

----- Forwarded by David Portz/HOU/ECT on 05/17/2001 11:10 AM -----

	Christi L Nicolay
	05/17/2001 08:39 AM

		 To: David Portz/HOU/ECT@ECT
		 cc:
		 Subject: Re: Transmission Language for Std Contracts

We met, but did not do anything more.  I'll send you an email from Oscar
about some proposed language.  Ask Elizabeth how to proceed and we'll help as
needed.  Thanks!

David Portz
05/15/2001 11:19 AM
To: Christi L Nicolay/HOU/ECT@ECT
cc:

Subject: Re: Transmission Language for Std Contracts

Could you let me know what happened with this? I was out of town when the
meeting was to occur. Is action needed? --David

	Christi L Nicolay
	04/02/2001 10:35 AM

		 To: Jeff Brown/NA/Enron@ENRON
		 cc: David Portz/HOU/ECT@ECT, Oscar Dalton/Enron@EnronXGate
		 Subject: Re: Transmission Language for Std Contracts

I just talked with Elizabeth Sager about this and we are scheduling a meeting
this week.  I'll include Jeff and David too.

Jeff Brown@ENRON
04/02/2001 10:11 AM
To: Christi L Nicolay/HOU/ECT@ECT, David Portz/HOU/ECT@ECT
cc: Oscar Dalton/HOU/ECT@ECT

Subject: Transmission Language for Std Contracts

Christi,

We need to meet with David Portz to discuss the risk associated with
transmission changes as a result of new RTO's.  This morning in Bauhgman's
meeting I volunteered to work with you and David to prepare draft contract
language on this issue.

Let me know when you can meet.

Thanks - Jeff


Attached is a list of the key personnel identified within EGM (at all levels) that given an elimination of their position in EGM should be placed in another position somewhere at Enron.  These are all people who would be fungible across the organization and have performed at a high level for a period of time.  Call me if you have any questions.

Brent


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 10/27/2000
04:46 PM ---------------------------

Shirley Crenshaw
10/24/2000 10:19 AM
To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: Ameriflash Newsletter

Michell Vitrella called and wanted to know if the "Research Group" would
like to submit an article for the next issue of the ENA Newsletter
("Ameriflash)

They need to have the article by tomorrow.

Thanks!

Shirley

---------------------- Forwarded by Shirley Crenshaw/HOU/ECT on 10/24/2000
10:15 AM ---------------------------

	From:  Michelle Vitrella                           10/24/2000 09:53 AM

To: Shirley Crenshaw/HOU/ECT@ECT
cc:
Subject: Ameriflash Newsletter

---------------------- Forwarded by Michelle Vitrella/HOU/ECT on 10/24/2000
09:54 PM ---------------------------

	Enron North America Corp.

	From:  ENA Public Relations @ ENRON                           10/19/2000
08:25 PM

Sent by: Enron Announcements@ENRON
To: All_ENA_EGM_EIM
cc:
Subject: Ameriflash Newsletter

NOTE FROM MARK FREVERT

With the wide and varied activities of our three organizations, we created
this e-mail newsletter to keep everyone better informed about our various
businesses.  I hope you find it informative and more importantly, that you
will use this newsletter to help spread the word about the successes in your
group.

To provide content for future e-mails, contact Michelle Vitrella in our
Public Relations group via e-mail or call her at ext. 3-9767.  Communication
is one of the core Enron values and I believe this is a great way to improve
communication across our wholesale businesses.

Additionally, I would like to again encourage everyone to take a few minutes
to complete &The Pulse8 survey.  This annual survey regarding the work
experience at Enron and how we can make it better is an important part of the
two-way communication process at Enron.  Please go to the Enron intranet and
type survey.enron.com.  It only takes a few minutes, it,s confidential and
your comments will help make Enron a better place to work.

BUSINESS HIGHLIGHTS

Natural Gas
Middle Marketing,s biggest trade of the year so far occurred this month.  The
significant transaction was a five year, multimillion dollar restructuring
with a subsidiary of Formosa Plastics, one of the world,s largest producers
of polyvinyl chloride.

Additionally, Continental Airlines, the fifth largest US carrier, has hedged
a considerable amount (1.2 million barrels/month) of crude oil.   Winter
Nymex hedges were put in place for the undisputed heavyweight chip champ of
the world, Frito Lay.

Pulp & Paper
With the acquisition of Garden State Paper and launch of Clickpaper.com,
Enron is creating an efficient spot physical market for pulp and paper
commodities.  Buyers and sellers will benefit from improved price
transparency and reliability and access to Enron,s online financial markets.

Improved price transparency and the ability to imbed financial derivatives
into physical trading flows will facilitate the growth of Enron,s trading
business.  To date, Clickpaper.com has traded over 1 millions tons of pulp
and paper product with a notional value of over $675 million.

Upstream Origination
Upstream Origination, headed by Julie Gomez and Jean Mrha, focuses on natural
gas products to optimize commercial value associated with the natural gas
grid on the continent and in the Gulf of Mexico (GOM).  Through products such
as storage, electric compression and producer services & outsourcing, ENA
creates value for its customers and reconfigures the natural gas
infrastructure to be more efficient.  In addition, Upstream Origination
transactions exploit the unique relationship between development of strategic
assets through sophisticated financing structures and the utilization of the
market information created by those assets.

&THE PULSE8 SURVEY RESULTS

As of Wednesday, October 18, the total responses to &The Pulse8 from
ENA/EGM/EIM are 689.  This is approximately 30% of all employees.  Since our
goal is a 100% response rate, we have a long way to go!  Please take a few
minutes to log on and give Enron your thoughts.  The Pulse is located at
survey.enron.com on the Enron intranet page.

If you like competition, here are the results by group:

Commercial - Origination  131
Energy Operations   126
Risk Management and Trading 106
Other/None of the Above  91
Bus. Analysis & Rep./Fin. Ops. 90
Legal     46
Gas Assets    37
Human Resources   30
Tax     18
Technology/IT    14

WELCOME

Transferred Into ENA/EIM/EGM
ENA - Kathleen Neal/HR, Suzanne Kelly/Infocentral, Tobias Monk/Finance Direct
EIM - Eric Connor/Industrial Energy Group
EGM - Eric Calub/Global Product Mgmt

New Hires ENA/EIM/EGM
ENA - Lance Cunningham/CTS Research, Anita Dupont/CTS Research, Yvette
Hales/Gas Logistics ) East, Angela Howell/Equity Trading, Farid Mithani/Power
Risk-Credit
EGM - Heather Purcell/Enron Global Markets

IN THE NEWS

&No company illustrates the transformative power of innovation more
dramatically than Enron.  Over the past decade Enron,s commitment to the
invention*and later domination*of new business categories has taken it from a
$200 million old-economy pipeline operator to a $40 billion new-economy
trading powerhouse.8
From &The World,s Most Admired Companies,8 Fortune, Monday, October 2

NUGGETS & NOTES

&What,s the message we,re trying to get across?8 ) Ray Bowen, COO EIM

&I,m not a micro-manager8 - John Lavorato, COO ENA

&Make it so, number one8 ) Jeff Shankman, COO EGM

CONTEST

Enron is & The Most Innovative Company8 based on Fortune Magazine,s Most
Admired Survey.  ENA Public Relations is ready to put Enron North America,
Industrial Markets and Global Markets to the test.  We need your creative
minds to help name the NEW Electronic Newsletter we now call AmeriFlash.  Put
on your thinking caps and submit your ideas for a new name to
michelle.vitrella@enron.com.  The ENA Public Relations Team will narrow the
list to the TOP TEN and then send it to our official judge, Mark Frevert, to
make the final decision.  The winner will receive a gift certificate to any
Pappas restaurant.  GOOD LUCK!


Please see the following instructions for the new messenging board.  If you
have any trouble entering into this site, please let me know.  Everyone
should now be setup and ready to go. You will have to add this site to one of
your favorites.

The Gas Message Board application can run on both IE5.0 and IE5.5 now.

Attached is the URL for user to run the application.

http://gasmsgboard.dev.corp.enron.com

Please feel free to forward above URL to people who like to test the
application.

Here is the steps they should do:

1) Launch Internet Explorer

2) Type: http://gasmsgboard.dev.corp.enron.com (or just open this email and
click on above URL)

3) Users should see the messages if there is any new messages for today. If
they don't see any messages, there are two reasons:
 (1) They are not valid users. Their names have not been added into the NT
Web_GasTraders Group yet. Please contact Chrysti Hardy to add their names
into the group.
 (2) There is no new messages added yet.

4) Click on "Comments" button to add messages: there will be a popup window
when user clicks on "comments" button. There are two ways to send the
messages after typing the
messages into the text box:
 (1) just simply press enter to send the message. or
 (2) click on "send" button to send the message.

5) After the message has been sent, The message will be displayed on the main
window immediately, the rest people who are online will get the new message
in less than 30 seconds. This time can be reduced to as less as 1 second.
However, I would not recommend to reduce the time interval less than 10
second.  Because each time the browser refreshes the screen, the screen will
be blink. Users don't want the screen blink every second while they read the
messages.

6) All messages will be cleaned up daily at 6:00PM. If they like to clean
them up later than 6:00PM, please let me know. I can reset the time.

Note: Right now the application is under test environment. If they like it, I
will move it into production environment soon.

Let me know any feedbacks.

Thanks,

Fangming


Dan, let's go with the following as modified.  Thanks,  Mark
----- Forwarded by Mark E Haedicke/HOU/ECT on 09/07/2000 03:27 PM -----

	Dan Lyons
	09/01/2000 05:26 PM

		 To: Mark E Haedicke/HOU/ECT@ECT
		 cc:
		 bcc:
		 Subject: Power Systems

Mark, attached is the draft of the email to the deal team (with copies to you
and Dave D)

[Distribution]

Prior to the equity investment in and joint venture with Power Systems
Manufacturing ("PSM"), we will need to take the following actions:

+ Conduct additional due diligence on the PSM/General Electric ("GE") lawsuit
regarding infringement of GE patents.  We will need to determine if the
litigation will affect the viability of PSM as the operator or ENA as owner
of the equipment involved in the litigation.  This will commence immediately
and a brief legal opinion obtained on these points.

+Conduct legal patent due diligence on the mobile power units that are the
subject of the proposed joint venture and obtain legal opinions with respect
to both the component parts being acquired and the proposed modified  units
themselves.  [Timing]


Rick Buy asked me to chat with Sally Beck about this and apologized for not
having consulted with Legal before submitting the report.  He indicated that
the results were not cast in stone and should not have been characterized, at
least in connection with legal documentation, as mandates.  Sally has been
out of the office but promised to call me this week once she had settled back
in and explain the origins of these suggestions.

	Peter Keohane
	07/19/2000 03:42 PM

		 To: Mark E Haedicke/HOU/ECT@ECT, Mark Taylor/HOU/ECT@ECT
		 cc: Greg Johnston/CAL/ECT@ECT, Peggy Hedstrom/CAL/ECT@ECT, Rob
Milnthorp/CAL/ECT@ECT
		 Subject: Project Doorstep - Financial Trading Documentation

I am just following up as to whether a decision has been made on this
matter.  Please let me know.  FYI, Greg has now completed his Houston
secondment and last week completed the ISDA workshop in Toronto.  Mark is
scheduled for his Houston secondment some time in the fall.


----- Forwarded by Tana Jones/HOU/ECT on 02/22/2001 05:40 PM -----

	Walter Guidroz@ENRON
	02/22/2001 05:25 PM

		 To: Karen Lambert/HOU/ECT@ECT, Tana Jones/HOU/ECT@ECT, Samuel
Schott/HOU/ECT@ECT, Mark Taylor/HOU/ECT@ECT, Brant Reves/HOU/ECT@ECT, Debbie
R Brackett/HOU/ECT@ECT, David Hardy/LON/ECT@ECT, Lesli Campbell/HOU/ECT@ECT,
Cynthia Clark/Corp/Enron@ENRON, Enron Europe Global Contracts and Facilities,
Enron Europe Global CounterParty/LON/ECT@ECT, Stephanie Sever/HOU/ECT@ECT,
Tom Moran/HOU/ECT@ECT, Claudia Clark/HOU/ECT@ECT, William S
Bradford/HOU/ECT@ECT, Lisa Lees/HOU/ECT@ECT, Juana Fayett/Corp/Enron@Enron,
Jana Morse/Corp/Enron@Enron, Trang Le/HOU/ECT@ECT, Paul Maley/LON/ECT@ECT,
Sonya Clarke/LON/ECT@ECT, Lee Munden/LON/ECT@ECT, Tim Davies/LON/ECT@ECT,
Karen O'Day/NA/Enron@Enron, Tanya Rohauer/HOU/ECT@ECT, Kelly
Lombardi/NA/Enron@Enron, Brian Lindsay/Enron Communications@Enron
Communications, EOL Call Center, Bernice Rodriguez/HOU/ECT@ECT, Bill D
Hare/HOU/ECT@ect
		 cc:
		 Subject: EOL approvals/amendments, 2-22-01

Please see attached.


That sounds like a good one, mom. Like I've said before, I think it's a great
idea and would be perfect for you. Now I think you should start taking steps
to make it happen. I know you could get your house sold, no problem. And you
should think seriously about putting it on the market soon, as I'm starting
to get the feeling it can take quite a while to actually sell a house. Let me
know how I can help - for example, Brian has some friends who rent out a
great cottage in Kihei for $100 a week. He can also get really good deals on
rental cars. If you start shopping around for a cheap ticket now, you could
take a scouting trip this spring and make plans to move by the following
winter - just in time for whale-watching.

Just do it!


Your change in paragraph 2 is acceptable.  Please forward the documents for
execution as you have suggested.

Jennifer

-----Original Message-----
From: Mark.Greenberg@enron.com [mailto:Mark.Greenberg@enron.com]
Sent: Wednesday, February 28, 2001 3:30 PM
To: Jennifer Farac
Cc: Peter.Feltman@enron.com; Tana.Jones@enron.com
Subject: Re: 360 Networks Enron Net Works NDA

Jennifer -

I sincerely apologize to you for my delay in responding.  I had honestly
thought I had done so, but guess I was wrong.

I have reviewed the comments you made to the agreement and have the
following comments:

1.  Paragraph 1 - First insertion of "or those of its affiliates" - this is
acceptable.

2.  Paragraph 2 - Second insertion of "or its affiliates" - Since the term
"Company" is not a defined term and, as a defined term, is not used
elsewhere in the agreement, I would proposed that the provision where this
word appears be redrafted to state --

"Without limiting the generality of the foregoing, each such Representative
must be specifically informed that he/she can use the Confidential
Information solely in his/her capacity as a Representative of the Protected
Party."

3.  Paragraph 10 - The change to this area for New York law is fine.

Presuming the change in Paragraph 2 is acceptable, I will have the final
documents prepared, signed and forwarded for signature to your attention.

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

                    Jennifer Farac

                    <Jennifer.Fara        To:
"'Mark.Greenberg@enron.com'"
                    c@360.net>            <Mark.Greenberg@enron.com>

                                          cc:     Vanessa Wittman
<vanessaw@360.net>
                    02/08/2001            Subject:     360 Networks Enron
Net Works NDA
                    01:52 PM

Mark,

I have reviewed your standard form NDA and have noted two minor comments
thereon.  I have suggested the State of New York as a more neutral
jurisdiction and one that is widely used in commerical transactions, rather
than the State of Texas.  The other comments are self explanatory.

Please contact me should you have any concerns.

>  <<360 Networks - Enron NDA.doc>>

Jennifer Farac
Legal Counsel
360networks inc.
Direct: 604.648.7838
Fax:    604.648.7747
Email: jfarac@360.net

NOTE:  This email message contains information that is confidential and may
be privileged.  It is intended only for the addressee.  If you have
received
this email message in error, please email the sender by replying to it and
then deleting it.  We appreciate your assistance in correcting this error.

(See attached file: 360 Networks - Enron NDA.doc)


I beleive this is what Zhiyong is looking for.

Let him know if you won't be ready by Friday.

Kam


Looks good to me structure wise. Linda, are you going to set them up in model office? Let me know what the two group names are when you are done.

Thanks

 -----Original Message-----
From: 	Betancourt, Ramona
Sent:	Friday, January 11, 2002 12:38 PM
To:	Yuan, Charlie; Trevino, Linda; Feng, Wayne; Schoolcraft, Darrell
Cc:	Betancourt, Ramona
Subject:	RE: TW Agents

Charlie & Wayne,
I did get some more displacement points from Gas Control today so here is the  updated list.
I wanted to be sure the TMS validations for the displacement groups is added in your coding. We will set up the displacement group. Call it "Dispacement IT Group" which should be a valid receipt and delivery group for IT contrcts. The other Displacement group is called Displacement SP Group. This group will need to follow the same rules and validations for pools(point is only valid for the basin that it belongs to). Also, this group is only valid as a receipt group for SP contracts.

The Bi-dierctional points will not need a list since TMS will read the point flow indicator of "B" & allow both receipts & deliveries to be nominated for "IT" contracts. Any Bi-directional points on Firm  will have the points tied directly to the contract or be in a group that is ties to the Firm contract.

Linda & Darrell, please review this list & make sure it is correct
 << File: Displacement-Bidirectional011002.xls >>

Thanks Ramona

 -----Original Message-----
From: 	Yuan, Charlie
Sent:	Thursday, January 10, 2002 1:26 PM
To:	Trevino, Linda; Betancourt, Ramona ; Feng, Wayne
Subject:	RE: TW Agents

I agree we need the displacement group, since IT contract does not have groups attached.

Thanks

 -----Original Message-----
From: 	Trevino, Linda
Sent:	Thursday, January 10, 2002 1:19 PM
To:	Betancourt, Ramona ; Yuan, Charlie; Feng, Wayne
Subject:	RE: TW Agents

Ramona,

We are only tying point groups to firm contracts, IT contracts will validate against PLE.  I think we need to set up a displacement group for Charlie to validate any contract against for displacement puposes.  If this is not what is happening or we need to discuss further please let me know.

Thanks

 -----Original Message-----
From: 	Betancourt, Ramona
Sent:	Thursday, January 10, 2002 12:28 PM
To:	Yuan, Charlie; Trevino, Linda; Feng, Wayne
Subject:	RE: TW Agents

All,
I have completed the review of the TW Displacement points and the Bi-Directional pts. and have attached a file with the points.
When reviewing the data, I have found the all points are tied to the current "All Receipts Pt. Template" correctly. My file also indicated that TW only set up this process for "IT" Interruptible contracts. If we show all the points today on the All receipt point group and the "IT" contracts have that group attached, then we should not need a new group. This would still allow marketing the flexability to allow  firm contracts to use  diplacement points or bi-directional points as alternates on a case by case and point by point basis if needed by amending the firm to add a new specific alternate point to the contract.

Thanks Ramona

 << File: Displacement-Bidirectional011002.xls >>

 -----Original Message-----
From: 	Yuan, Charlie
Sent:	Wednesday, January 09, 2002 1:01 PM
To:	Trevino, Linda; Feng, Wayne
Cc:	Betancourt, Ramona
Subject:	RE: TW Agents

I will manually enter some for our testing.

How are we doing in setting up displacement point group? We would need that for the alternate point testing.

Thanks

 -----Original Message-----
From: 	Trevino, Linda
Sent:	Wednesday, January 09, 2002 12:45 PM
To:	Yuan, Charlie; Feng, Wayne
Cc:	Betancourt, Ramona
Subject:	TW Agents

Attached is a spreadsheet containing all of the current TW agent relationships.
Charlie - can you systematically enter the data from the spreadsheet into PLE?  If not let me know and I will imput as soon as I have a screen to do so.

Linda << File: TWagent.xls >>


FYI
----- Forwarded by Tana Jones/HOU/ECT on 11/27/2000 03:37 PM -----

	Richard Sage
	11/24/2000 06:20 AM

		 To: Michael Slade/LON/ECT@ECT
		 cc: Tana Jones/HOU/ECT@ECT, Gillian Johnson/NA/Enron@Enron
		 Subject: Re: EnronCredit.com Houston signatory

Tax advise that this would create a permanent establishment for tax purposes,
thus drawing EnronCredit.com Ltd into a US tax net.
NOT a good idea!
(It would be OK if Jeff lived in the UK!)
The solution is to set up a dedicated US entity, which we are working on.

	Michael Slade
	24/11/2000 11:33

To: Richard Sage/LON/ECT@ECT
cc: Sue Kelly/LON/ECT@ECT, Cindy Buckley/LON/ECT@ECT

Subject: Re: EnronCredit.com Houston signatory

Richard

Sue informs me that you don't want this to happen - please could you let Tana
and Gillian Johnson know and explain why?

Many thanks

Michael
---------------------- Forwarded by Michael Slade/LON/ECT on 24/11/2000 11:36
---------------------------

	Michael Slade
	25/10/2000 16:53

To: Tana Jones/HOU/ECT@ECT
cc: Gillian Johnson/NA/Enron@Enron, Mark Taylor/HOU/ECT@ECT, Cindy
Buckley/LON/ECT@ECT

Subject: Re: EnronCredit.com Houston signatory

Thanks Tana - Cindy please could you put a Power of Attorney in place for
Jeff Kinneman to sign, say confidentiality agreements and letters of intent
(for now) on behalf of EnronCredit.com Limited?
Please let me know if you need more details.

Many thanks

Michael

From: Tana Jones on 25/10/2000 10:52 CDT
To: Michael Slade/LON/ECT@ECT
cc: Gillian Johnson/NA/Enron@Enron, Mark Taylor/HOU/ECT@ECT

Subject: EnronCredit.com Houston signatory

Gillian spoke to Jeff Kinneman and he would like to get whatever
documentation would be required to permit him to execute documents here in
Houston on a going forward basis for Credit.com.  We don't know what it will
take to do this, but it really isn't practical for us to get Jim Derrick or
Mark Frevert to sign.


Stan,

As a follow-up to our previous 2002 Capital Plan meeting where we discussed the Cunningham base gas repurchase and SBA, attached is a file with two tabs that captures the contractual committments and some alternatives relative to repurchasing some, all or -0- base gas over the next year.

If possible, it would be good for us to have a short discussion regarding the economics and rate case impacts of the decision at the end of your Monday morning staff meeting.  I believe that we can determine how to include this in the 2002 Plan with just a few minutes of discussion.  If it appears that the discussion will need more time, we can then schedule a follow-up meeting.  Dave will be in Houston on Monday and will bring copies of the handouts for the discussion.

If you would rather schedule a separate meeting on this please let me know, otherwise we'll try Monday morning.

Thanks, Kent


I sent her an email thanking her and answering her questions. I will follow-up with a phone call later this week when I get back from Fort Lauderdale-have to go there for work.

On a sidenote-it was good to see her questions.  I have decided to re-format my resume to make the Enron piece more consistent.  Although Enron people appreciate adaptability and changing roles, I understand non-Enron people may interpret that as NOT being able to hold a job.  It gave me some good insight.

Okay-let me know if you have any other thoughts.  I have to join the LONGEST conference call in the world in a couple minutes.  Cheers,
Beth
 -----Original Message-----
From: 	Stepenovitch, Joe
Sent:	Monday, October 08, 2001 8:45 AM
To:	Peters, Elizabeth
Subject:	RE: FW: Suzette's friend

I would call her...  Not today (its a holiday) but tomorrow........(954) 765-2090

-Joe

 -----Original Message-----
From: 	Peters, Elizabeth
Sent:	Monday, October 08, 2001 8:30 AM
To:	Stepenovitch, Joe
Subject:	RE: FW: Suzette's friend

Hey Joe-
I will send the answers to your Mom directly, but the reason I have moved around at Enron is b/c I was in the associate program. As you know, we rotate every six months.  The reason I am looking for something new in Florida is because that is where my boyfriend is and since we are talking about getting engaged, we both think it would be much more successful if we lived in the same place (just kidding).  Thanks again and I hope you enjoyed yourself in Vegas.
Beth

 -----Original Message-----
From: 	Stepenovitch, Joe
Sent:	Monday, October 08, 2001 7:24 AM
To:	Peters, Elizabeth
Subject:	FW: FW: Suzette's friend

Good Morning Beth,

Sorry I didn't get back in touch with you last week, but I was in Las Vegas.  If you would could you please answer these questions or If you want you can call my mother directly (its your call).  Let me know what you decide...  Have a nice day.

-Joe

 -----Original Message-----
From: 	linda.stepenovitch@bankofamerica.com@ENRON [mailto:IMCEANOTES-linda+2Estepenovitch+40bankofamerica+2Ecom+40ENRON@ENRON.com]
Sent:	Thursday, October 04, 2001 9:04 AM
To:	Stepenovitch, Joe
Subject:	Re: FW: Suzette's friend

Joe,
I have a couple questions.
1. Why is she looking for a new job?
2. She does not seem to stay very long in one position.  I would question
why?

Her resume looks great but I sense something with her that you need to
convince me otherwise before I forward to Personnel.
Love,
Mom
I have Alyssa with me for three days.  She talked about you all night last
night.  I'm not sure why. She really wants you at her birthday party.  I
told her you would see her on Friday.


Today it is $4.64 and I will be out on Monday thru Wednesday as well.  If you
would like I will have someone else price this daily and continue to send
it.  Or I will continue to send it on Thursday.

Gfesterv@cs.com on 12/01/2000 09:03:53 AM
To: Gary.W.Lamphier@enron.com
cc:
Subject: Natural Gas Pricing

Good Morning Gary,

I will be out of the office today and all of next week so could you please
e-mail my home e-mail address as well as work with current pricing as you get
it?  My home e-mail is gfesterv@cs.com

Thanks.


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   Word of the Day for Thursday October 18, 2001:

   serendipity \sehr-uhn-DIP-uh-tee\, noun:
   The  faculty  or  phenomenon  of  making  fortunate accidental
   discoveries.

     Still,  I  was more subject to serendipity than I yet knew.
     Soon  risk, chance, and a letter from Sir Alun Reese-Jones,
     the Master of Trinity, my college at Cambridge, were to set
     my life on an adventurous course.
     --David Freeman, One of Us

     Yet even as I planned a rough route, leaving plenty of room
     for  serendipity,  I  was uncomfortably aware that journeys
     have a way of creating their own momentum.
     --Lesley  Hazleton,  [1]Driving  To  Detroit: An Automotive
     Odyssey

     There   again,   perhaps  because  of  serendipity,  or  an
     especially  conscientious  team  of  doctors,  it  can also
     happen  that the crucial clues are noticed and recorded for
     posterity.
     --Edward  Hooper,  [2]The River: A Journey to the Source of
     HIV and AIDS
     _________________________________________________________

   The  word  serendipity  was  formed  by  English author Horace
   Walpole (1717-1797) from Serendip (also Serendib), an old name
   for  Sri  Lanka,  in  reference  to  a Persian tale, The Three
   Princes   of   Serendip,   whose   heroes  "discovered,  quite
   unexpectedly, great and wonderful good in the most unlikely of
   situations, places and people."

   Serendipitous    describes   that   which   is   obtained   or
   characterized by serendipity.

References

   1. http://www.amazon.com/exec/obidos/ASIN/0684839873/lexico
   2. http://www.amazon.com/exec/obidos/ASIN/0316372617/lexico

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Our new fax number is 713-646-5997, it is located at EB 2375a (by Renee).

Also, please don't forget to change your location at eHROnline.

Nicole Mendez


----- Forwarded by Brent Hendry/NA/Enron on 10/16/2000 11:41 AM -----

	Janine Juggins@ECT
	10/12/2000 08:36 AM

		 To: Dale Neuner/HOU/ECT@ECT
		 cc: Amita Gosalia/LON/ECT@ECT, Justin Boyd/LON/ECT@ECT, Brent
Hendry/NA/Enron@Enron, Sara Shackleton/HOU/ECT@ECT, William
Stuart/HOU/ECT@ECT, Jeff Blumenthal/HOU/ECT@ECT, Shane Dallmann/LON/ECT@ECT,
Jason Althaus/Corp/Enron@Enron, Mark Dilworth/LON/ECT@ECT, Sheri
Thomas/HOU/ECT@ECT, Jennifer deBoisblanc Denny/HOU/ECT@ECT, Robert B
Cass/HOU/ECT@ECT, Melba Lozano/HOU/ECT@ECT
		 Subject: Re: FX Issues

Tax:
The Enron entity executing the FX transaction as principal is ENA.

However, note that for tax/legal the FX desk in London is run by Enron Europe
Finance & Trading Limited ("EEFT") as agent for ENA. Our position is that ENA
does not have a place of business in London. Therefore all the transactions
managed by the London FX desk are arranged by EEFT as agent for ENA.

Because of this there is a need to identify which FX desk arranged the
transaction and a possible solution to this is to have separate logins and
logoffs for each FX desk during their hours of responsibility. This would
enable transaction reports to be run which identify those transactions which
took place during the period for which each FX desk was responsible for
managing the FX positions.

Regards
Janine

Dale Neuner
11/10/2000 22:31
To: Amita Gosalia/LON/ECT@ECT, Justin Boyd/LON/ECT@ECT, Brent
Hendry/NA/Enron@Enron, Sara Shackleton/HOU/ECT@ECT, William
Stuart/HOU/ECT@ECT, Jeff Blumenthal/HOU/ECT@ECT, Shane Dallmann/LON/ECT@ECT,
Jason Althaus/Corp/Enron@Enron, Mark Dilworth/LON/ECT@ECT, Janine
Juggins/LON/ECT@ECT
cc: Sheri Thomas/HOU/ECT@ECT, Jennifer deBoisblanc Denny/HOU/ECT@ECT, Robert
B Cass/HOU/ECT@ECT, Melba Lozano/HOU/ECT@ECT

Subject: FX Issues

This e-mail is admittedly long, so I have classified the issues:

Legal/Tax Issue:

I have been told by the FX group here in Houston that London traders are able
to act on the behalf of the US FX Desk because the transactions they do are
for hedging purposes only (no proprietary trading). For example, the FX
transactions that are done by Trena McFarland in London are done on the
behalf of our Houston office, so Houston books the transaction, manages the
risk, and writes the Confirmation in the name of ENA.

This being the case, (i) can we apply the same logic on the internal FX
transactions that will be managed by both the US and UK traders and have the
transacting entity as ENA (ii) if we do does it gives us the necessary tax
relief, or (iii) should we stick the Metals structure where the transactions
are offered by Enron North America, acting through it's agent, Enron Europe
Finance and Trading Limited. While this may be an Internal Only Product Type
today, what effect, if any, would the choice of trading entities have on our
ability to offer these Products externally.

Technology Issue:

David - Stuart has explained to me that the US FX Desk now views these
currency exchange products as financial products. This is contrary to
previous discussions where we felt that any currency exchange involving an
Index would be considered financial, while any 'strict exchange' would be
considered a physical transaction. The change is based on conversations
Stuart has had with the Metals traders wherein they would like to see this
exchange product as a financial product. If we accept this logic, (i) do I
need to create a Deal Type for 'Par Forward Swap' for the first FX Index
Product Type that we did as well as a 'Forward Swap' for these transactions,
or is it acceptable to leave these both as swaps, and (ii) regardless of the
Deal Type classification discussed in (i), I will need to create a new
Product Type for the 'strict exchange' - either as a physical or financial
product. Additionally, if I set this up as Financial Product, I have the
Index attribute in the template to contend with, because there is no Index;
and if I set this up as a Physical Product, I have the Location attribute to
contend with, because there is no Location. Naturally we can put something
cheesy in to fill the gap since it's internal, but if we ever decide to go
external we will need a new template - and from experience with the PJM Power
(Weather Desk) Product Type, templates requires an 'and if' statement are
hard to develop.

Dale