Is this something we can use for all Canadian agreements?  Flexibility to
provide cash would certainly help our commercial negotiation of margining
rights within the contracts.

Please advise.

Bill

From: Sara Shackleton on 09/21/2000 12:32 PM
To: William S Bradford/HOU/ECT@ECT, Tana Jones/HOU/ECT@ECT
cc:
Subject: Cash Collateral Language

----- Forwarded by Sara Shackleton/HOU/ECT on 09/21/2000 12:27 PM -----

	"Ross, Tracy " <TRACY.ROSS@ROYALBANK.COM>
	09/21/2000 11:30 AM

		 To: "'warren.nishimura@blakes.com'" <warren.nishimura@blakes.com>,
"'sara.shackleton@enron.com'" <sara.shackleton@enron.com>
		 cc: "McArthur, Ian " <IAN.MCARTHUR@ROYALBANK.COM>,
"'rick.borden@macleoddixon.com'" <rick.borden@macleoddixon.com>
		 Subject: Cash Collateral Language

As discussed.

 <<cash collateral.doc>>

Tracy Ross, Counsel, Royal Bank of Canada
Phone: 416-974-5503; Fax: 416-974-2217
File -

This email may be privileged and confidential.?
Any dissemination or use of this information by a person other than the
intended recipient(s) is unauthorized.? If you receive this in error, please
advise me immediately.

 - cash collateral.doc


Shelley, FYI.  We will let you know how well this arrangement works after
	several weeks of testing it.  Thanks. Lynn

 -----Original Message-----
From: 	Kedwaii, Hasan
Sent:	Monday, July 30, 2001 9:24 AM
To:	DL-ETS TMS Modification Group; Sawyer, Lisa; Hottap HelpDesk; Helpdesk, Omaha; Daze, Don; Sumpter, James; Abshire, Scott; ETS DBA
Cc:	Dervin, LaDonna; Huo, Jeff; Lu, Peter; Abramowicz, Richard; Hermanek, Patty; Yusuf, Mustafa; Guzman, Julio
Subject:	TMS Oncall Support

All,
After talking it over with Lynn Blair, and with Sheila Nacey's agreement, the TMS Oncall support hours are being modified.  Instead of the current rotation that requires 2 developers to be oncall each working day plus a third person fulfilling the responsibility on the weekend, the TMS team is experimenting with a rotation of one oncall person for work days and one for the weekend.  The TMS team will still continue to provide oncall support from 6:30A to the end of the last cycle.

The only noticeable change during this 6 week experiment will be the onsite support hours, which will now be from 6:30A to 6:00P.  Following is an outline for oncall procedure during this period:

1)  Designated TMS Oncall will provide on-site support from 6:30A to 2:00P
	At times when the Oncall does not feel comfortable about being able to commute to office before 6:30A, the Oncall will 	provide support from home until he/she is able to hand off the responsibility to TMS team member onsite.
2)  TMS team, collectively, will provide the on-site support from 2:00P to 6:00P
	Before leaving, the Oncall person will make sure that one of the team member, already on-site, has accepted the 	responsibility for answering oncall pages
3)  Designated TMS Oncall will provide off-site support from 6:00P to the end of processing for last cycle

There will be no change to the weekend oncall procedures.

John/Terry,
please make sure that all schedulers are aware of the above change.

Please let me know if you have questions or concerns.

Thanks


Tana, I think Edmund may be on holiday; do you know who might be able to pull
the Japan ETA for me?  Thanks.

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


I neglected to include some of Drew's comments in the version I sent you a
few minutes ago...use this draft instead.


Allison, could you please forward to Terry Banks and the F-H guys?  Thanks

___________________________

Category:	Enron Broadband Services, Bandwidth Trading
Description:	Is Latest Fiber Optic Play Enron?
Detail:
Dow Jones News Service  2/3/00

Investors can't get enough fiber. And we're not talking about a bowl of
Cheerios or Special K.

 We're talking about fiber optics.

 Telecommunications companies such as Qwest Communications (QWST), Global
Crossing (GBLX) and Level 3 Communications
 (LVLT) are racing to build new fiber-optic networks so that high-bandwidth
applications like video can travel faster and be clearer when
 they reach the desktop. The huge growth of the Internet has increased the
need for more capacity on old fiber and copper wire
 networks. All sorts of new switches, routers, servers and software are being
used to build the new networks and beef up the old ones.

 The need for fiber and gadgets that enhance networks prompted Corning (GLW)
- that erstwhile dishmaker - to announce Thursday that
 it will spend $750 million to increase its fiber-optics manufacturing
capacity by 50% over the next few years. And the trend has sent
 stocks like JDS Uniphase (JDSU), SDL (SDLI) and Sycamore Networks (SCMR)
through the roof.

 The excitement over fiber optics and increasing bandwidth is also juicing up
shares of an old natural gas and electric company called
 Enron (ENE). True, Enron isn't a typical energy or utility company: The
Houston-based company is known for leading the charge of
 wholesale marketing and trading of gas and electricity. But Enron has never
been considered a telecommunications company.

 Until now.

 After trading between $28.75 and $44.875 last year, Enron shares shot up 65%
to a new high of $73.06 last month, after the company
 held its annual analysts' conference where it unveiled its new
communications strategy and a surprising joint venture with Sun
 Microsystems (SUNW). Wall Street was smitten. "Although this is still an
energy company, in our view, Enron fits the description of a
 'new economy' stock" because it has moved its wholesale trading operations
online and announced a unique broadband strategy, wrote
 Donato Eassey, a Wall Street Journal All-Star analyst at Merrill Lynch.

 Enron has been building its broadband business since 1997, when it acquired
Portland General Electric, which started building a
 fiber-optic network. Enron invited both telecom analysts and the usual
contingent of natural gas analysts to its Jan. 20 meeting. The
 company presented its new network, which is based on fiber; servers that are
ramps on and off the network; "pooling points," which are
 essentially switches that connect its network to other networks; and
software to control the transmission of data. The company is using
 networking gear mostly from Lucent Technology (LU) and Cisco Systems (CSCO).
By the end of 2001, Enron expects to increase its
 network to 18,000 miles from about 13,000 miles now - a sizeable slice of
the roughly 200,000 miles of fiber in the U.S.

 The company also announced a joint venture with Sun Microsystems to develop
a standard technology for accessing real-time
 bandwidth and supply Enron with 18,000 servers. With Sun CEO Scott McNealy
at their side, Enron executives said Sun will purchase
 broadband video streaming services from Enron. "All we can say is WOW!"
wrote Edward Tirello Jr. at Deutsche Bank Alex. Brown in
 a note after the show. "Just when we began to ponder the potential with a
very healthy skepticism, Enron brilliantly anticipated the
 reaction and thrust Sun Microsystems' billionaire CEO Scott McNealy into the
mix."

 Fund managers have been intrigued by Enron's transformation, too. Back in
December, the Janus Fund (JANSX) snapped up 15.6
 million shares of Enron, bringing its stake to more than 25.5 million shares
and making it by far the largest holder of the stock, according
 to the latest monthly data from Morningstar. And Fidelity's huge Magellan
(FMAGX) fund nearly doubled its stake in Enron to 4.6
 million shares in December. Says Marion Schultheis, managing director at J.
& W. Seligman, who owns the stock in two growth funds
 and is looking to buy more: "Now there are real tech people looking at
Enron."

 Analysts think Enron's stock can climb even higher. "In January, it was just
the first step of the market realizing what this company is
 doing," says Erik Ruben, an analyst at Janus Capital. "It is such an
extraordinary story." Wall Street Journal All-Star analyst Rick Gross
 at Lehman Brothers agrees. The natural gas analyst is quick to point out
that the stock is also reflecting strength in Enron's wholesale gas
 and electric business and the company's success in turning its energy
services business profitable for the first time in the fourth quarter.

 Enron plans to use its network in two ways. The first business is bandwidth
intermediation, which involves using its own network and
 other networks to provide businesses and Internet service providers with
full bandwidth needs. Enron aims to lower the cost of using
 networks by charging customers for only the time and space they use on the
network. Right now, customers that need space on a
 network have to enter long-term contracts for preset amounts of capacity
with major telecommunications providers such as AT&T (T)
 and MCI WorldCom (WCOM). Enron has also developed a standard bandwidth
contract that pools existing contracts or unused
 capacity that can be traded in a marketplace (see story for more).

 Basically, the company plans to make money on the spread between buying and
selling prices for bandwidth, along with financing
 services. The company has already proved it can profitably buy and sell
natural gas and electricity contracts in the same manner. Ronald
 Barone at PaineWebber figures that the bandwidth intermediation business
will generate gross operating income of more than $500
 million in 2004, from an estimated $9 million this year.

 The second business is providing broadband content services such as video
conferencing and streaming. The company is using its own
 messaging software (acquired from a company called Modulus), along with
Inktomi (INKT) caching software to control distribution of
 content across its network and RealNetworks' (RWNK) video streaming
software. It is also using switch routers that control data flows
 made by a privately held company called Avici Systems. The company expects
to generate content revenue of $2.5 billion in 2004, up
 from an estimated $45 million this year, according to Barone.

 The whole broadband services unit is expected to spend $650 million and lose
$60 million (before interest and taxes) this year, Barone
 says. But right now, the stock is hardly reflecting this business, says
Lehman's Gross. "The non-broadband business is valued at $55 to
 $60, so there's very little in the stock for its broadband assets," he says.
Many analysts have raised their 12-month stock price targets to
 $90 to $100, giving Enron's broadband business a value of $30 to $40 a
share.

 Enron's broadband strategy is catching a lot of attention, but some of the
established telecom companies, such as MCI WorldCom
 (WCOM), doubt that it will be successful. Still, Global Crossing, which was
the first to sell bandwidth between New York and Los
 Angeles to Enron in December, has indicated that it thinks the bandwidth -
trading concept can work. It's just a question of when.
 "Enron is going to be a winner in bandwidth trading ," agrees Brad Bradshaw,
senior director at the Yankee Group. "It's going to take
 a while, though."

 Even if the broadband plans don't work out, Enron has a thriving energy
business to fall back on. The company owns gas pipelines, sells
 wholesale gas and electricity in North America both traditionally and online
and manages energy needs for large companies such as
 Chase Manhattan (CMB) and Simon Property Group (SPG). Says Janus' Ruben.
"Its energy businesses are equally
 paradigm-breaking."

 For more information and analysis of companies and mutual funds, visit
SmartMoney.com at http://www.smartmoney.com/


Cindy:

Attached for your further handling are the form of Enron Corp. Guaranty in favor of Petro-Hunt LLC, together with the appropriate certificates required to be delivered in connection with the Guaranty.

Please contact me at x33907 when the documentation is ready and I will arrange to have them picked up.

Thanks!

Marie


Did you know that you can use merckmedco.com to order prescriptions
online?  When you registered, you did not provide a prescription number.
This means you may be missing out on many time-saving features including:

* A convenient way to order all your eligible prescriptions at once.

* Easy access to up to 18 months of prescription history for your own
  records, and, if you choose, to share with your health care professional.

* Brand-name and generic medication price comparisons that can save
  you money.

* A handy summary of recent prescription costs you can print for tax
  purposes or for flexible spending account reimbursement.

All you need to do to get started today is update your merckmedco.com
profile with a recent prescription number.  Here's a step-by-step guide
(you may want to print this page now so you can refer to the directions):

* Follow this link:
  https://host1.merck-medco.com/cgi-bin/Rb_home.cgi?-Q-OTC2000PNINT02
  and log in with your merckmedco.com user ID and password.
* Click on "My Profile" at the bottom of your screen. You will be
  presented with a list of update options.
* Select "Update personal and member information."
* Scroll down to "Prescription Information" and enter a prescription
  number from a recent prescription. You can usually find a prescription
  number on the label of the package that contains your medicine.
* Click on the "Submit" button.

Take advantage of all the features merckmedco.com has to offer by adding
a prescription number to your merckmedco.com online profile today.

For AOL Users:
Merck-Medco Homepage

When you registered with merckmedco.com, you indicated that you would
like to receive e-mail notices about new web site features, as well as
important messages about your plan benefit, prescriptions and other
pharmacy benefit features. Should you wish to discontinue this service,
please follow this link:
https://host1.merck-medco.com/cgi-bin/Rb_home.cgi?-Q-OTC2000M08
and log in and then update your personal preferences by choosing the
"My Profile" option from the bottom menu bar.

For AOL Users:
Merck-Medco Homepage

                  CONFIDENTIALITY NOTE
This e-mail contains confidential information from Merck-Medco and is
intended solely for the use of the individual named on this transmission.
If you are not the intended recipient, you are notified that disclosing,
copying, distributing or taking any action in reliance on the contents of
this information is strictly prohibited. If you are not the intended
recipient of this e-mail, to prevent future transmissions like this,
please notify Merck-Medco by forwarding this e-mail to the following
address: website@merckmedco.com.


Daren,

Can you please "0" all activity on Sitara Deal Tickets 113858, 93779, 138094,
120866, 138544, 139661 (relative to 98-3405)?  This activity is now being
nomed @ 98-9643.  I think that I've referenced all of the deal tickets @ this
meter.

Thanks
-Jackie-
3-9497


Vince,

Thanks for your support.   We will continue the Friday lunch series, which I
think
is very useful for us to keep up with the lastest development in various
areas.

Zimin

Vince J Kaminski
01/03/2001 08:29 AM
To: Zimin Lu/HOU/ECT@ECT
cc: Alex Huang/Corp/Enron@ENRON, Stinson Gibner/HOU/ECT@ECT, Vince J
Kaminski/HOU/ECT@ECT
Subject: Friday Brown Bag Lunch on Option Pricing

Zimin,

I have talked to Alex about it. I don't think that the additional seminars
will
crowd out the brown bag lunches.

The seminars are really targeted to people who recently joined the group and
have very limited, or zero, exposure to energy markets.

For most members of the group it should be the piece of cake. Brown bag
lunches
are not that time intensive, except for the speaker.

Plus, we ran out of days  available for lunch meetings.

Vince

---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 01/03/2001
08:27 AM ---------------------------

Alex Huang@ENRON
01/02/2001 12:15 PM
To: Vince J Kaminski/HOU/ECT@ECT
cc: Stinson Gibner/HOU/ECT@ECT
Subject: Friday Brown Bag Lunch on Option Pricing

Vince,
This is a brief summary of last year's Friday Brown Bag Lunch Option Pricing
series.
We had about 15 lectures, given by the following people:
Grant, Stinston, Vasant, Krishna, Zimin, Maureen, Clayton, Paulo, Chonawee,
myself, and
some outside speakers. We were able to attract some outside audience as well.
Overall the response is quite encouraging and we have planned
to continue it.

In light of the presently scheduled seminars on "Energy Derivatives", it
seems our Friday
schedule will be too crowded if we have seminars on "Energy Derivatives" on
two Fridays
and FBBLOP on other Fridays. What's your suggestion? Should we discontinue
the FBBLOP ?

We also have scheduled January 19 for Tom Halliburton's visitor Leon Lasdon
from UT Austin
to talk on non-linear programming. Should we cancel it?

Best,
Zimin & Alex


As per my VM - Rhonda says that she cannot see any off-line trades w/ them.
Can you get the CP to clarify a) in what name they think they are trading w/
us and b) list some current deals.

We can then research this further.

Thanks

	Tana Jones
	09/06/2000 08:55 AM

		 To: Shari Stack/HOU/ECT@ECT
		 cc:
		 Subject: Wisconsin Power & Light

Shari,

I've got them shut down for power.  They were one of the counterparty's on
the initial approval lists.  The online team tells me we are trading power
with them off line, so what's the scoop?  Can they trade power?


TD{FONT-SIZE: 10pt; COLOR: black; BACKGROUND-COLOR: white}
[IMAGE]

Now that you have access to the following applications without requiring VPN access...  Outlook Web Access (email and calendar) PEP XMS (Expense Reporting application)  And, COMING SOON... eHROnline (year-end) Benefits Election (Oct. 29, 2001) Electronic Pay Stubs (year-end), and Much More,  through the ClickAtHome Portal and the Internet, do you still believe you need remote access through VPN from home to Enron networks (must have a valid business reason with supervisor approval and a monthly cost)?   YES NO NOT SURE Please answer this survey from your computer at work, not via Outlook Web Access.


Per our meeting, attached are the current forms of MAC Clauses.  I have added
at the end of the list, the Event of Default for change in ownership because
I know that one comes up frequently.  Also, I don't know if you want to also
suggest that the other trading groups work from our guaranty forms as well as
our LC form.

The Legal heads of each of the trading groups are:

Mark Taylor:  Financial Trading
Jeff Hodge:  Physical Gas Trading
Elizabeth Sager:  Physical Power Trading
Alan Aronowitz:  Physical Global Markets (Liquids, Plastics, Coal, Emissions
& Metals)
Julie Murray:  Physical Industrial Markets (Pulp & Paper, Steel)


This should help Prentice's chances for employment come the Fall.  You guys
should have a HUGE phone bill on your room charges.  Please fax me a copy of
the bill.  I will cover all phone charges.  Also, please forward to me what I
owe you for the plane flight and golf and our share of dinners, drinks,
guacamole, etc.

We played spades at the airport.  My team lost..........again.  My losing
streak now ties DiMaggio's hitting streak.

Best,
Jeff
----- Forwarded by Jeff Dasovich/NA/Enron on 04/03/2001 10:51 AM -----

	Haas NewsWire <haasnews@Haas.Berkeley.EDU>
	Sent by: owner-eveningmba@Haas.Berkeley.EDU
	04/02/2001 07:58 PM
	Please respond to Haas NewsWire

		 To: haasnewswire@haas.berkeley.edu
		 cc:
		 Subject: #7 Ranking for Haas School is Best Ever in Latest US News  Business
School Survey

Haas NewsWire
April 2, 2001
***Pick up your tickets for CEO Exchange from 12:30 to 2:00 any day this week
in the Haas courtyard.***
CONTENTS
#7 Ranking for Haas School is Best Ever in Latest US News Business School
Survey
The Economy in Crisis: Five Haas Experts Comment on the State of the Economy
Classes Start Today for New Master's in Financial Engineering Degree at Haas
Sharing our Strengths: The Haas/Boalt Connection
Haas Advisory Board Convenes for Semi-Annual Meeting
Haas in the News
Happening at Haas
Haas Celebrations
#7 RANKING FOR HAAS SCHOOL IS BEST EVER IN LATEST US NEWS BUSINESS SCHOOL
SURVEY
The Haas School of Business was ranked the 7th best business school in the
United States in the latest annual survey of American graduate schools by US
News and World Report magazine.  This is the best showing ever by the school
in the history of the US News ranking, which was released Friday.

US News also ranked the Haas School's Evening MBA Program the 8th best in the
country, unchanged from last year.  The full-time MBA Program was number 10
in last year's ranking, up from 14th place the year before.

The rankings appear in the April 9 issue; copies are available on newsstands
today. The rankings and related stories are also available on line at
http://www.usnews.com/usnews/edu/beyond/bchome.htm.

"We are always pleased when a ranking reflects the reality we live every day,
which is that the Haas School is a world-class institution, with faculty and
students who are extraordinarily innovative and accomplished and,
consequently, very much in demand by every type of major business and
academic organization, everywhere on earth," said Jay Stowsky, associate dean
for school affairs and initiatives.

Several specialty programs at Haas were also ranked among the top 10
nationwide in a part of the US News survey that is based on the opinions of
deans and MBA Program heads. They include: finance (10th); general management
(8th); entrepreneurship (10th); marketing (8th); quantitative analysis (8th);
and nonprofit organizations (7th).

In addition, the Haas School's graduate program in health management was
ranked the 7th best program in the country.

The full-time MBA program ranking is based on a weighted average of eight
measures of academic quality that fall into three major categories:
reputation (40 percent); placement success (35 percent); and student
selectivity (25 percent).

The US News Top 10 Full-Time MBA Programs
1. Stanford
2. Harvard
3. Northwestern/Kellogg
4. Wharton
5. MIT/Sloan
6. Columbia
7. Berkeley/Haas
8. Duke/Fuqua
9. Chicago
10. Michigan

The US News Top 10 Part-Time MBA Programs
1. NYU/Stern
2. Chicago
3. Northwestern/Kellogg
4. DePaul
5. Georgia State
6. UCLA/Anderson
7. Michigan
8. Berkeley/Haas
9. USC
10. Babson
THE ECONOMY IN CRISIS:  FIVE HAAS EXPERTS COMMENT ON THE STATE OF THE ECONOMY
The Haas School community will have the opportunity to hear Haas experts
speak on the state of the economy. "The Economy in Crisis: A Panel Discussion
with Haas School Experts," takes place Wednesday, April 4, from 2:00 p.m. to
3:30 p.m. in Arthur Andersen Auditorium. All Haas students, faculty, alumni,
and staff are invited to attend.

The panel of speakers includes:
Andrew Rose, the Bernard T. Rocca Jr. Professor of International Trade,
director of the Clausen Center for International Business and Policy,
research associate at the National Bureau of Economic Research, and a
research fellow in the Center for Economic Policy Research.
Ken Rosen, the California State Professor of Real Estate and Urban Economics
and the chairman of the Fisher Center for Real Estate and Urban Economics.
Janet Yellen, the Eugene E. and Catherine M. Trefethen Professor of Business
Administration, former Chair of the Council of Economic Advisors under
President Clinton, and former governor, Board of Governors of the Federal
Reserve System.
James Wilcox, the Kruttschnitt Professor of Financial Institutions, former
chief economist at the Office of the Comptroller of the Currency, and former
economist, Federal Reserve Board.
Dean Laura Tyson, the Class of 1939 Professor of Economics and Business
Administration, former chairman of the National Economic Council and former
chairman of the President's Council of Economic Advisors.
Dean Tyson also plans to address the issues surrounding graduating into a
turbulent job market, including an assessment of various industry sectors.
The session will be open to questions from the audience after opening
remarks.
CLASSES START TODAY FOR NEW MASTER'S IN FINANCIAL ENGINEERING DEGREE AT HAAS
For 49 students classes start today for the Master's in Financial Engineering
(MFE), a new graduate degree program at the Haas School of Business. Of the
49 students, 6 are taking the program to earn a concurrent degree with the
MBA program, combining the in-depth study of financial economics and the
dynamics of markets with the general management education of the MBA program.

The class of 2002 is represented by an international group of highly educated
scientists and professionals:
The inaugural class represents 19 countries: 7 students come from China, 6
come from Canada, 5 from Korea, and 5 come from five different European
countries. Also represented are South America (Chile and Colombia), Africa
(Zimbabwe), and Southeast Asia (India and Indonesia), as well as Taiwan, Hong
Kong, Russia, and the Republic of Georgia.
Top professions include finance (25%), engineering (18%), and research &
development (11%)
18% hold a Ph.D. and 25% hold a master's degree in another field.
One fourth of the class performed in the top percentile of the GMAT.
The Haas MFE is the first such degree program in the United States that is
offered entirely under the auspices of a business school. It is also the
first US program to require its students to take a three-month internship at
a top financial firm as part of the learning experience. The Haas MFE program
will prepare candidates with superior analytical skills for a growing niche
of quantitative finance careers.

MFE candidates will train for positions as risk managers, investment bankers,
asset managers, derivatives traders, and developers of specialized securities
at the world's leading commercial and investment banks, insurance companies,
and corporate and public treasury departments.

Founding sponsors include some of the world's top financial firms, namely AIG
Inc., Barclays Global Investors, BARRA Inc., Gifford Fong Associates, Goldman
Sachs & Co., First Union Bank, KMV LLC, MBIA Inc., Morgan Stanley Dean
Witter, Quantal International Inc., The Dean Witter Foundation, and WR
Hambrecht + Co., LLC. Sponsoring firms will be accepting interns from the
programs.

"We're seeing tremendous interest among talented individuals coming from
technical backgrounds, such as engineers, mathematicians, and scientists, who
are in narrow jobs and are keen to transition to a brand new career where
opportunities are abundant and continue to grow," says MFE Executive Director
John O'Brien.

For more information on MFE, visit the web site at
http://www.haas.berkeley.edu/MFE.
SHARING OUR STRENGTHS: THE HAAS/BOALT CONNECTION

This is the first in a continuing series of articles in Haas NewsWire
chronicling the Haas School's interdisciplinary activities.
The Haas School has traditionally pursued interdisciplinary partnerships on
the Berkeley campus. During her tenure as dean, Laura Tyson has made it her
priority to increase Haas' partnerships in the areas of teaching, research,
and public service with other disciplines. One of the most vibrant of these
is with the Boalt School of Law.

"Haas faculty are well known for their path-breaking work on competitive
strategy in the Internet age, and Boalt is recognized for having the
strongest intellectual property law faculty in the country, particularly as
regards IP questions arising in cyberspace," said Jay Stowsky, associate dean
for school affairs and initiatives. "The collection, in one place, at the
same time, of so many notable scholars in an area of rich intellectual
ferment and intense public interest is an extraordinary intellectual
opportunity.  We intend to expand that opportunity through increased
interaction between the two schools."

The area of business law doesn't fit easily into just a law school or a
business school, but the interdisciplinary approach between the Haas School
of Business and Boalt Hall School of Law fills this gap. From creating joint
courses to hosting conferences, Haas and Boalt are shaping a dynamic
partnership that will serve both schools in the future.

This partnership isn't new. Since 1968, Haas and Boalt have offered a joint
JD/MBA degree to more than 138 UC Berkeley students (Haas also offers a
JD/MBA with Hastings). In addition to the joint degree program, Haas and
Boalt students are sharing classrooms when the topic calls for it.

Adjunct Professor Leo Helzel and Lecturer Noel Nellis have offered "Top Down
Law" for six years to law and business students.  Helzel describes the course
as, "what a CEO needs to know to stay in business."  The class brings in
practicing lawyers and business people to lecture on their specialties.
"Business students should be exposed to the broader legal framework in which
companies operate," says Helzel. Helzel and Nellis have also organized two
debates on the Microsoft antitrust case, bringing experts from both Haas and
Boalt to take sides on the issue.

The Business and Public Policy group offered one course, "Law and Strategy of
E-Commerce," in fall 2000 with Boalt. Pablo Spiller, the Joe Shoong Professor
of International Business and Public Policy and the chair of the Business and
Public Policy Group, taught the course along with Robert P. Merges, the
Wilson Sonsini Goodrich & Rosati Distinguished Professor of Law and
Technology and a director of the Berkeley Center for Law & Technology.  In
the fall 2001, Rui de Figueiredo, assistant professor in the Business and
Public Policy Group, will teach "Deals" with Howard Shelanski, acting
professor of law, to both business and law students.

The Management of Technology (MOT) Program is sponsoring two evening
conferences at Haas this spring organized with Peter Menell, professor of
law. The first on "Television-Internet Convergence" took place on March 14 in
Arthur Andersen Auditorium. On April 18 the second annual Boalt Hall/MOT
Conference on Digital Music takes place in the Arthur Andersen Auditorium
beginning at 4:00 pm.

"Partnering with Boalt just makes so much sense when we're exploring issues
of technology, business, and intellectual property," says Andrew Isaacs, the
executive director of MOT. "The connections are there. Having BoaIt literally
next door is a fantastic resource."

An academic conference, "Beyond Microsoft: Antitrust, Technology, and
Intellectual Property" organized by Mark Lemley, professor of law and a
director of the Berkeley Center for Law & Technology, took place at Haas and
Boalt on March 2 and 3.  Sponsored by the Institute of Management,
Innovation, and Organization (IMIO) and the Institute of Business and
Economics Research (IBER), the conference included a presentation by Carl
Shapiro, the Transamerica Professor of Business Strategy and the director of
IBER, and participation by Dean Tyson and Professor Michael Katz.

All of this hard work builds the base for long-term future collaborations,
says Stowsky, "In addition to enhancing the traditional training of both
managers and lawyers in the intricacies of business law, the increased
collaboration positions UC Berkeley to become the leading center of academic
research and policy analysis related to the economic, legal, social, and
political impacts of the Internet."
HAAS ADVISORY BOARD CONVENES FOR SEMI-ANNUAL MEETING
This Friday, Haas will host a group of high-level CEOs, presidents, chairs,
and company founders as the members of the Haas Advisory Board gather for
their semi-annual meeting. The 60 plus member board, which includes
representatives from major companies in almost every field of business,
brings knowledge of best business practices to the Haas planning process. The
current chairman, Roger Siboni, BS 76, is president and CEO of E.piphany.

Since December 2000 Dean Laura Tyson has recruited five new members to the
Advisory Board:
Margo Alexander, BS 68, chairman & CEO of Mitchell Hutchins Asset Management,
the asset management subsidiary of PaineWebber Incorporated.  She is also a
member of the Board of Directors for PaineWebber Incorporated.
Kim Fisher, MBA 94, co-founder and CEO of AudioBasket.com, a service for
personalized, broadcast-quality audio programming through web sites and
wireless service providers.  Prior to AudioBasket, Fisher worked for Motorola
Network Ventures, a division of Motorola that invests in international
wireless, paging, and Internet service providers.
Arun Sarin, MBA 79, is the former chief executive officer of InfoSpace, Inc.,
the leading global Internet infrastructure company.  He joined InfoSpace in
May 2000 from Vodafone AirTouch, where he served as CEO of the US and Asia
Pacific regions.
Trevor Traina, MBA 96, is an entrepreneur and private investor.  Most
recently he was a group manager in Microsoft's MSN Internet division.
Previously, he was the president and founder of Compare.Net, the leading
buyer's guide on the Internet.
John Williford, MBA 80, is the president and chief executive officer of Menlo
Logistics and a senior vice president for CNF Transportation Inc. Williford
is also responsible for managing CNF's operations in support of its contract
to sort and move Priority Mail for the U.S. Postal Service.
On the agenda: faculty research, possibilities for new degree programs, and
the upcoming Tokyo Symposium.
HAAS IN THE NEWS
Correction--The Haas NewsWire mistakenly reported that Professor Michael Katz
was the author of a letter to the editor published in the San Francisco
Chronicle on December 29. This letter was from a different Michael Katz in
Berkeley.

John O'Brien, executive director of the MFE program, was quoted in the April
issue of Junge Karriere (a German magazine). The article was on the
establishment of the MFE program.

Jenny Chatman, the Harold Furst Professor of Management Philosophy and
Values, appeared in an article on how Californians secretly love blackouts.
Read the full text at
http://www.sfgate.com/cgi-bin/article.cgi?file=/chronicle/archive/2001/03/29/M
N106888.DTL.

Ken Rosen, the California State Professor of Real Estate and Urban Economics
and chairman of the Fisher Center for Real Estate, was quoted in "RUNAWAY
Rental Market No More" in the San Francisco Chronicle on March 28. Rosen has
released a new study of the rental market in the Bay Area predicting a
decline in the cost of commercial space. Read the full text at
http://www.sfgate.com/cgi-bin/article.cgi?file=/chronicle/archive/2001/03/28/B
U152390.DTL. The same study was also the source for an article in the
Chronicle on March 29, titled, "80% of S.F. Dot-Coms Seen in Danger." Read
the full text at
http://www.sfgate.com/cgi-bin/article.cgi?file=/chronicle/archive/2001/03/29/B
U80662.DTL&type=business.

Cynthia Kroll, a regional economist with the Fisher Center for Real Estate
and Urban Economics was quoted in "PG&E Bills Set To Rise 40%" in The San
Francisco Chronicle on March 27. She explained that declining consumer
confidence, concerns about the economy, and rising utility prices could slow
spending in California. Read the full text at
http://www.sfgate.com/cgi-bin/article.cgi?file=/chronicle/archive/2001/03/27/M
N127686.DTL.

Hal Varian, dean of the School of Information Management and Systems and a
Haas professor, was quoted in the Canberra Times on March 26 on the need for
information management as more information is generated and needs to be
stored.

Varian also took gave an interview to BusinessWeek for the March 26 issue on
the Internet and potentially successful business models. Read the full text
at
http://www.businessweek.com/magazine/content/01_13/b3725026.htm.

The Haas School was mentioned in a BusinessWeek article on March 26 about
part-time MBA programs.

Laura Tyson's Economic Viewpoint column in the March 26 issue of BusinessWeek
was about President Bush's tax cut plan.

David Vogel, the George Quist Professor of Business Ethics, was quoted in the
Los Angeles Times on March 25 in an article titled, "Groups Gear Up to Battle
Hemispheric Pact." Vogel commented that as free trade encourages economic
growth in Latin America, environmental activism would follow.

Russ Winer, the J. Gary Shansby Professor of Marketing Strategy and the chair
of the Marketing Group, was quoted on the use of census data by marketing
firms in the San Francisco Chronicle on March 25.  Read the full text of
"Marketers See Treasure Trove In Census Data"
http://www.sfgate.com/cgi-bin/article.cgi?file=/chronicle/archive/2001/03/25/M
N157059.DTL.

Dean Tyson was quoted in the New York Times on March 24 on the difficulties
of finding a political solution to the California energy crisis. Read the
full text of "California's Choices All Look Painful" at
http://www.nytimes.com/2001/03/24/business/24POWE.html?searchpv=site02&pagewan
ted=print.

Ilse Evans was quoted in the Los Angeles Times on March 24 in the article
"State's Economy Starting to Show Signs of Cracking."

Tyson was quoted in the Dallas Morning News on March 24. In the article,
"Power Crisis Generates Concern," Tyson commented on the difficulty of
negotiating a solution to California's energy crisis.

Janet Yellen, the Eugene E. and Catherine M. Trefethen Professor of Business
Administration, was quoted in the Irish Times on March 23 on the Fed's rate
cut.

Yellen was mentioned in a Wall Street Journal article on March 22 titled,
"Great Expectations and Greenspan."

Yellen was quote on the front page of the Wall Street Journal in March 21 on
the impact of the Fed rate cut.

David Levine was quoted in the San Francisco Chronicle on March 21 in an
article titled, "Layoffs in Tech World Often Prove to be a Numbers Game."
Levine commented that companies are not getting the expected short-term stock
boost after they announce a downsizing.

Yellen was also quoted in the San Jose Mercury News on March 20 in an article
titled, "Interest Rate Cut Likely Today." At that point, she was hoping for a
three-quarters cut.

Yellen was also quoted in USA Today on March 21. In "Former Fed Official's
Lips are Sealed," Yellen commented that it is inappropriate for former Fed
officials to discuss monetary policy with the current officials.

Tyson was quoted in the China Daily on March 20 on the World Trade
Organization.

Current Evening MBA student Deepika Shah was profiled in Business Week on
March 15 in an article on the lives of students in part-time MBA programs.

Kroll was also quoted in the San Francisco Chronicle ton March 27 and
appeared on KPIX news and KTVU Channel 2.

In the past two weeks, Severin Borenstein, appeared on NPR's "Talk of the
Nation," KCBS Radio, KPIX TV news, KRON TV News, KGO Radio, KCRW (NPR in LA)
on "Which Way LA", NPR Talk of the Nation, KRON news, NPR All Things
Considered, KPFK Radio, and KGO Radio.

Borenstein was quoted in:
The Los Angeles Times on March 22 in "Energy Overcharge of $5.5 Billion Is
Alleged"
BusinessWeek on March 26 in "How to do Deregulation Right"
The San Diego Union Tribune in "Expertise on Energy No Longer Academic."

Borenstein was also quoted in "Contracts Won't Meet Summer Demands" in the
San Francisco Chronicle on the California energy crisis. Read the full text
at
http://www.sfgate.com/cgi-bin/article.cgi?file=/chronicle/archive/2001/03/22/M
N230640.DTL.
HAPPENING AT HAAS
Management of Technology Spring Lecture
"Software: Ubiquity, Usability, and Standards," by Alan Cooper, Founder,
Cooper Design
Wednesday, April 4, 2001
3:45 p.m. to 5:00 p.m.
Wells Fargo Room

Corporate Social Responsibility
"Corporate Philanthropy," by Pete Mountanos, President CEO, Charitableway.com
and Nancy Pfund, Managing Director, JP Morgan H & Q
Thursday, April 5, 2001
4:00 p.m. to 6:00 p.m.
Room C330, Cheit Hall

Haas Alumni and Evening MBA Career Fair
Monday April 9, 2001
6:00 p.m. to 8:30 p.m.
The Bank of America Forum
FREE to companies and attendees
Please contact John Morel to reserve a table. 510-642-7731or
morel@haas.berkeley.edu.

Management of Technology Spring Lecture
"The Wireless Future," by Jan Rabaey, Prof. of Electrical Engineering, UC
Berkeley; Doug Leone, Sequioa Capital
Wednesday, April 11, 2001
3:45 p.m. to 5:00 p.m.
Wells Fargo Room

State of the School Address
Dean Tyson will be giving the address twice: first, on April 12 at 7:30 p.m.
in the Arthur Andersen Auditorium, then again on April 13 at 12:30 p.m. in
the Haas courtyard.

Corporate Social Responsibility
"Global Sustainable Development: The Role of Business," by Ray Anderson, CEO,
Interface
Thursday, April 12, 2001
4:00 p.m. to 6:00 p.m.
Room C330, Cheit Hall

Haas Biotech Speaker Series
Joyce Lonergan, VP Investor Relations and Corporate Development, Chiron Corp.
Monday, April 16, 2001
7:30 p.m.
Wells Fargo Room
For more information, see http://groups.haas.berkeley.edu/haasbio/.

Energy, Business and the Environment Day at UC Berkeley: Second Annual Haas
Earth Day Lecture on Business and the Environment
"Natural Capitalism: The Next Industrial Revolution" by Amory Lovins, CEO
(Research), Rocky Mountain Institute
April 19
12:45 p.m. to 2:00 p.m.
Wells Fargo Room

Amory Lovins, co-author of Natural Capitalism, will discuss how changes in
natural capital (the natural environment and ecosystems that support all
human and economic activity) are already affecting the way we do business,
and how leading corporations are gaining competitive advantage through
superior environmental performance. He will talk about how corporations can
employ advanced resource productivity strategies to move toward becoming
ecologically sustainable, reduce environmental impact, and improve the bottom
line. Net Impact at Haas sponsors this event. For more information, contact
Eric Strand at strand@haas.berkeley.edu.

Faculty-Alumni Colloquium
Saturday, May 5, 2001
8:30 a.m. to 2:00 p.m.
Discussion of Global Issues by Distinguished Faculty & Alumni
KEYNOTE PRESENTATION
Patricia Dunn, BA 75, Global Chief Executive, Barclays Global Investors
FACULTY PRESENTATIONS
Ken Rosen: "National and Bay Area Economic and Real Estate Outlook"
Severin Borenstein: "The California Electricity Crisis: Are Policymakers
Learning the Right Lessons?"
Michael Katz: "Does the New Economy Need a New Antitrust?"
Homa Bahrami: "Managing the Knowledge Worker"
CAREER WORKSHOP: Associate Director of Alumni Career Services, John Morel,
will conduct a two-hour workshop for alumni in career transitions.
For more information call Haas Alumni Relations Office at 510-642-7790, send
e-mail to alumni@haas.berkeley.edu, or visit
www.haas.berkeley.alumni/colloquium.

Alumni Symposium in Tokyo
The 21st Century Economy:  Technology and Entrepreneurship
May 31 to June 2, 2001
For more information or to register, please visit
http://www.ucb-symposium.com.

SEMINARS
OBIR SEMINAR
April Gilbert & Min-Soo Kim, PhD Candidates at Haas
Wednesday, April 4, 2001
4:00 p.m. to 5:30 p.m.
Room F318, Haas School of Business
For more information, contact Charles Montague at montague@haas.berkeley.edu.

ET GRETHER MARKETING SEMINAR
"Affect, Cognition, and Communication in Hedonic Judgment: How Satisfied Are
You with Your Life?," by Norbert Schwartz
Thursday, April 5, 2001
3:30 p.m. to 5:00 p.m.
Room C250, Cheit Hall
For more information, contact Laura Gardner at lgardner@haas.berkeley.edu.

IDS 270 INSTITUTIONAL ANALYSIS WORKSHOP
"Why Firms Want to Organize Efficiently and What Keeps Them From Doing So:
Evidence From the For-Hire Trucking Industry," by Brian Silverman, HBS
Thursday, April 5, 2001
4:00 p.m. to 6:00 p.m.
Room C325, Cheit Hall
For more information, contact Serena Joe at joe@haas.berkeley.edu.

FINANCE SEMINAR
"Market Reactions to Tangible and Intangible Information," by Kent Daniel,
Northwestern University
Thursday, April 5, 2001
4:15 p.m. to 5:45 p.m.
Room C210, Cheit Hall
For more information, contact June Wong at june@haas.berkeley.edu.

ACCOUNTING SEMINAR
Franco Wong
Friday, April 6, 2001
4:00 p.m.
Room C325, Cheit Hall
For more information, contact Lorraine Seiji at seiji@haas.berkeley.edu.

OBIR SEMINAR
"Role of Regulation and Finance Health Care Markets," by Paul Gertler, UC
Berkeley, Health Policy and Administration
Wednesday, April 11, 2001
4:00 p.m. to 5:30 p.m.
Room F318, Haas School of Business
For more information, contact Charles Montague at montague@haas.berkeley.edu.

E.T. GRETHER MARKETING SEMINAR
Puneet Manchanda, Univ. of Chicago
Thursday, April 12, 2001
3:30 p.m. to 5:00 p.m.
Room C250, Cheit Hall
For more information, contact Laura Gardner at lgardner@haas.berkeley.edu.

IDS 270 INSTITUTIONAL ANALYSIS WORKSHOP
"Business Groups and Risk Sharing Around the World," by Tarun Khana, HBS
Thursday, April 12, 2001
4:00 p.m. to 6:00 p.m.
Room C325, Cheit Hall
For more information, contact Serena Joe at joe@haas.berkeley.edu.

FINANCE SEMINAR
"Adverse Selection and Re-Trade," by Lasse Pedersen, Stanford University
Thursday, April 12, 2001
4:15 p.m. to 5:45 p.m.
Room C210, Cheit Hall
For more information, contact June Wong at june@haas.berkeley.edu.

REAL ESTATE SEMINAR
"Examining the Gains from Innovation in Mortgage Termination Modeling," by
Ralph DeFranco
Friday, April 13, 2001
11:00 a.m.
Room C250, Cheit Hall
For more information, contact Lynn Lobner at lyoung@haas.berkeley.edu.

ACCOUNTING SEMINAR
"The Incremental Value of Analysts' Earnings Forecasts in Explaining Stock
Returns," by Eli Amir
Friday, April 13, 2001
4:00 p.m.
Room C325, Cheit Hall
For more information, contact Lorraine Seiji at seiji@haas.berkeley.edu.

ALUMNI EVENTS
San Diego Chapter Event
San Diego Crew Classic
Sunday, April 8, 2001
8:00 a.m. to 2:30 p.m.
Crown Point at Mission Bay, San Diego
Cost: $10 + parking (in advance)
         $ 15 + parking (at the tent)
Watch the Cal Crew team defend the Copley Cup at the Crew Classic on Mission
Bay.  Meet the Blue and Gold at the Cal tent.  Coffee and pastries will be
provided for early risers.  Enjoy a catered lunch and plenty of cheer.
Picnics and coolers are also welcome.
For more information, contact the information hotline at 619-275-7488 or RSVP
to Geraldine Valdez at 619-685-4000 or Gail Forbes at 858-454-5561.

East Bay Chapter Event
Homebuyer and Seller Workshop
Saturday, April 28, 2001
10:00 a.m. to 1:00 p.m.
Arthur Anderson Auditorium, Haas School of Business
Cost: $7.50 pre-registration
         $10 late/on-site registration
Register by April 23 at http://www.acteva.com/go/eb-alumni.
Or send a check payable to HAN East Bay to: Eliot Minor, 112 Shadowood Dr.,
Pleasant Hill, CA 94523.
For more information, contact Eliot Minor at eliotminor@mindspring.com or
925-685-3487.
HAAS CELEBRATIONS
Birthdays

Jocelyn Newman, April 2
Dana Lund, April 9
The Haas NewsWire respects the wishes of staff and faculty who would not like
their birthdays announced. Please e-mail a request to have your birthday
marked "do not announce" on the central birthday list to
Haasnews@haas.berkeley.edu.

The Haas NewsWire is the electronic news weekly for the Haas community
published every Monday by the Marketing and Communications Office at the Haas
School. Send your news, feedback, and suggestions to
Haasnews@haas.berkeley.edu. To subscribe to Haas NewsWire, address e-mail to
majordomo@haas.berkeley.edu; in the body of the message type "subscribe
haasnewswire" in the first line, and "end" in the second line. To unsubscribe
to HNW, type "unsubscribe haasnewswire" in the first line, and "end" in the
second line. Archived issues of Haas NewsWire are available online at
http://www.haas.berkeley.edu/groups/newspubs/haasnews/archives/hncurrent.html
.


anybody up for drinks this evening?


We currently have an EPC contract with the City of Austin to develop a project using the LM 6000's that we sold to them. This is followed by a 2 year PPA at a fixed heat rate. It is currently being managed by Mike Curry. Doug Gilbert-Smith and I are both ready to elevate Drew Tingleaf to a leadership position in ERCOT. We both think that his leadership would be valuable for the group and that the Mike Curry issue can be managed. Any problems?


Due to a conflict, the Regulatory Roundtable Meeting scheduled for Tuesday,
November 14 from 3:30 - 4:30 pm has been rescheduled for Tuesday, November 28
from 3:30 - 4:30 pm in 49C2.

Thanks


Doug:  Per our conversation, will you please forward to me and Sami a copy of
the recent tolling agreement?  Thanks.  Sara


A key goal of Global Strategic Sourcing is to set increasingly higher standards of excellence and customer satisfaction.  To help us better achieve that goal, we would like to obtain some insights from you in order to develop the best possible overall travel program for Enron.

Please take a few minutes to complete this confidential survey, as your input is important and vital to the success of this program.

Thank you,

Global Strategic Sourcing

http://etcsurvey.corp.enron.com/wi/p0714726/i.asp?r=6377&s=VPHUONFN&l=9

Experiencing technical problems?  If this link does not automatically launch the questionnaire:

1.  Launch by copying the link above into your browser, or
2.  If you continue to have technical difficulties, please send an email message to confirmit@enron.com
3.  Please do not forward this link to anyone else, as the responses should remain confidential.


Hello, my lovely and cuddly friends! Mr. Jody Hughes, Superstar, and I, Al
Herrmann, Superman, are moving to the fabulous, magical land of Los Angeles
on Tuesday, Feb. 6th. Yes, that's less than a week away. So? Mr. John Reeves
and Ms. Christina Hoxie, Supercouple, are kind enough to host a Bon Voyage
party for us at their warm home on Saturday, Feb 3rd, starting at 8pm and
lasting deep into the night. We all hope to enjoy the pleasure of your
company at this big-ass party.

Going-Away Party for Jody and Al, deserters to LA!
Saturday Feb. 3rd,? 2001,? 8pm - latenight
1135 Jerome, 2 blocks south of 20th, just east of Studewood

Please email me at? herrmannal@hotmail.com if you have questions. DO NOT just
hit Reply, as I will NOT RECEIVE your email, and that would be a horrible
tragedy. Also, please be sure that you've updated your address book to my new
address, as this will be your only sure way to contact me for a little while.

Thank you so much, I love you all!!!!
Al
?


This Meeting has been scheduled for next Wednesday, August 15, from 10:00 - 11:00 a.m. in EB 4180.

Thank you.


Dear Mr. Kaminski,

We will be glad to have you with us this Saturday for the Mock Sales Day.

This event is part of our recruitment process. So far this semester the
recruitment has been very successful - we have 16 new members, compared to 10
experienced ones.

The next goal is to keep these people interested in what we do and build the
AIESEEC spirit in them. I hope that this saturday will greatly contribute to
that.

Here is the schedule so far:

9:00 - 10:00 Breakfast
10:00 - 12:00 Sales Training Session
12:00 - 1:00 Lunch break (Board of Advisors and Alumni coming)
1:00 - 3:30 Practice Sales Calls

Some details:

I don't have the training program finalized yet, but I'm  sure it will be
good. I have a teacher from UH Program for Excellence in Selling and the
local committee president, Tim, organizing it. It should be interactive and
motivating :).  If you are interested you are more than welcome to come in
the morning and have fun with us.

I'm inviting the Board of Advisors members and some alumni to join us at
noon. Lunch will be provided. Our members are cooking! And it is a very
international crowd! So far we have German meatballs, some Venesuelan soup
(don't remember the name, but it's supposed to be very good and a lot of it),
Spanish tortilla de patata and other international dishes.

The part when you would help is the practise sales calls. This is a way to
provide experience to our new members, we are inviting our board of advisors,
alumni and everyone who is interested in AIESEC to play as company
representatives. I will give you case scenarios, everyone will have an office
and the new members will have to "sell" AIESEC to you. One of the goals of
the organization is to create as many exchange opportunities as possible, so
the new members will try to get you to sign a contract for taking an
international intern into your imaginary company.

I hope you find it interesting :).

Directions to UH, College of Business:

take I-45 South, exit Spur 5, at the street light at the end of the freeway
take a right, at Calhoun street light take a right again, the College of
Business will be on your left hand side. Park in the parking lot in front
(you don't need a permit on the weekends).

Please, let me know if you are coming and what time and I will make sure
someone will meet you at the entrance of the building.

Thank you for your time,
Biliana

At 04:01 PM 2/2/00 -0600, you wrote:
>
>
>Biliana,
>
>I have prior commitments on Saturday, February the 5th. Please, send me more
>information about the following Saturday. There is a remote possibility I
shall
>have
>to go to London that weekend. Otherwise, I shall be glad to join you.
>
>Vince
>
>
>
>
>
>
>Biliana Pehlivanova <pehlivanova@sugar-land.oilfield.slb.com> on 01/28/2000
>11:54:58 AM
>
>To:   Vince J Kaminski/HOU/ECT@ECT
>cc:
>Subject:  AIESEC
>
>
>
>Dear Mr. Kaminski,
>
>The following are the  personal and work e-mail addresses of the  Polish
>trainees in College Station.
>
>Sylwester Rutkowski      sylwesterr@usa.net, sylwester.rutkowski@destia.com
>Patricia Dalecka         pdalecka@hotmail.com, patrycia.dalecka@destia.com
>Danusia Mas              danusia.mas@destia.com
>Lidia Olczyk             lolczyk@usa.net, lidia.olczyk@destia.com
>Robert Lyczak            rlyczak@yahoo.com, robert.lyczak@destia.com
>
>I would like to invite you to join us for a paintball game next Saturday,
>Feb 5th. The purpose of this event is to develop team building among our
>student members, Board of Advisors, and corporate clients.
>
>In addition, I would like to invite you to participate in our Mock
>Sales day on Saturday, Feb. 12th.  During this day, the new members will
>first receive training on AIESEC sales/knowledge and then role play with our
>Board of Advisors and alumni acting as company
>representatives. Sharing your AIESEC and work experience would be a
>valuable contribution to our training program.
>
>I will get in touch with you regarding these events in the beginning  of
>next week, as soon as I have the time and place finalized.
>
>I appreciate your interest in working with us.
>
>Best regards,
>
>Biliana Pehlivanova
>Vice President of Incoming Exchange
>AIESEC Houston
>
>
>
>
>
>
>
>


At the request of Anita Herrera, I am enclosing a copy of a list that shows
the discrepancies that our records show from the list we were sent of trades
to be assigned to J. Aron.  Please resolve the trades issues directly with
Bob Bowen.  His # is 713/853-7859.
----- Forwarded by Tana Jones/HOU/ECT on 05/08/2000 04:05 PM -----

	Bob Bowen
	05/08/2000 02:28 PM

		 To: Tana Jones/HOU/ECT@ECT
		 cc:
		 Subject: Statoil Reconciliation

Attached is the latest data on the above:


Here is your chance to buy or win great prizes AND benefit a great cause - March of Dimes.

Online Auction
Wednesday, April 25 and Thursday, April 26
Auction opens Wednesday - 9:00 a.m. and closes Thursday - 4:00 p.m.

Auction items include:
?	Astros suite
?	"Primo" parking spot
?	Astros tickets
?	Dinner for two
?	Massage and many more items.

To make your bid, click on:
http://my.home.enron.com  or
http://ecweb05e.enron.net/apps/auction.nsf/

High bidders will be notified on Friday, April 27.
Visa, MasterCard, and American Express accepted.

Raffle Drawing
Buy your tickets Wednesday, April 25 and Thursday, April 26, upstairs outside of the Energizer from 11:00 a.m. - 1:00 p.m.
On Friday, April 27, buy your tickets at the Big E Cafe from 11:00 a.m. - 1:00 p.m.

Tickets: 1 for $5, 3 for $10, and 7 for $20

Raffle Prizes include:
?	Two roundtrip Continental Airlines in the 48 contiguous states
?	Compaq PA - Personal Audio Player
?	Manicure and Pedicure at Urban Retreat
?	Astros tickets and many more.

Raffle drawing will be held on Friday, April 27 at 2:00 p.m. Winners will be notified on Friday afternoon.

Don't miss this opportunity to contribute to the March of Dimes.


New deal number is 229481

SUSAN SMITH @
ECT
03/27/2000 02:24 PM

To: Tom Acton/Corp/Enron@ENRON, Julie Meyers/HOU/ECT@ECT
cc:

Subject: Re: FIRST DELIVERY - TEXACO E & P

Tom:

 Would you please set up another one month ticket for the below (last month
was 211573)?

Julie:
 Per Melissa's note please do not send out any paper on this. We expect the
paper within a day or so.

Please let me know if you have any questions,

Thanks, SCS x 33321
---------------------- Forwarded by Susan Smith/HOU/ECT on 03/27/2000 02:20
PM ---------------------------

	Enron North America Corp.

	From:  Melissa Graves                           03/27/2000 02:12 PM

To: Susan Smith/HOU/ECT@ECT
cc:
Subject: Re: FIRST DELIVERY - TEXACO E & P

Yes, but I would request that Julie not send out paper since this should be
back signed shortly.  I noticed the deal Vance requested below (which Tom set
up as deal 211573) is attached to a committed reserves agreement that does
not cover this meter.

Melissa

SUSAN
SMITH
03/27/2000 12:27 PM

To: Melissa Graves/HOU/ECT@ECT
cc:
Subject: FIRST DELIVERY - TEXACO E & P

Can we just use this for April rather then putting in a one month firm ticket
(since we dont have paper anyway)?

Thanks,

SCS
---------------------- Forwarded by Susan Smith/HOU/ECT on 03/27/2000 12:24
PM ---------------------------

Vance L Taylor
03/03/2000 04:30 PM
To: Tom Acton/Corp/Enron@ENRON
cc: Julie Meyers/HOU/ECT@ECT, Susan Smith/HOU/ECT@ECT, Donald P
Reinhardt/HOU/ECT@ECT, Melissa Graves/HOU/ECT@ECT
Subject: FIRST DELIVERY - TEXACO E & P

Tom,

The following production has commenced to flow  and a ticket should be
generated in sitara based upon the information below:

Counterparty   Meter   Volumes  Price     Period

Texaco E & P   9826   2,000mmbtu/d  100% IF/HSC less $0.09  3/3 - 3/31/2000

Thanks,

vlt
x3-6353

---------------------- Forwarded by Vance L Taylor/HOU/ECT on 03/03/2000
04:14 PM ---------------------------

	From:  Esther Buckley                           03/03/2000 01:23 PM

To: Molly L Carriere/HOU/ECT@ECT, Clem Cernosek/HOU/ECT@ECT, Donna
Consemiu/HOU/ECT@ECT, Robert Cook/HOU/ECT@ECT, Howard B Camp/HOU/ECT@ECT,
Lisa Hesse/HOU/ECT@ECT, Nathan L Hlavaty/HOU/ECT@ECT, Wayne E
Lightfoot/HOU/ECT@ECT, James McKay/HOU/ECT@ECT, Mary M Smith/HOU/ECT@ECT,
Steve Schneider/HOU/ECT@ECT, Melissa Graves/HOU/ECT@ECT, Michael
Walters/HOU/ECT@ECT, Eric Wardle/HOU/ECT@ECT, Jill T Zivley/HOU/ECT@ECT, Mary
Jo Johnson/HOU/ECT@ECT, Rita Wynne/HOU/ECT@ECT, Michael W Morris/HOU/ECT@ECT,
Cheryl Jones/GPGFIN/Enron@ENRON, Reid Hansen/GCO/Enron@Enron, Darron C
Giron/HOU/ECT@ECT, O'Neal D Winfree/HOU/ECT@ECT, Susan Smith/HOU/ECT@ECT,
Gary Bryan/HOU/ECT@ECT, Gary A Hanks/HOU/ECT@ECT, Donald P
Reinhardt/HOU/ECT@ECT, Vance L Taylor/HOU/ECT@ECT, Brenda F
Herod/HOU/ECT@ECT, David Baumbach/HOU/ECT@ECT, Bryan Hull/HOU/ECT@ECT, Brian
M Riley/HOU/ECT@ECT, Jeffrey A Austin/HOU/ECT@ECT, Cynthia
Hakemack/HOU/ECT@ECT, Dawn C Kenne/HOU/ECT@ECT, Lisa Csikos/HOU/ECT@ECT,
Kristen J Hanson/HOU/ECT@ECT, Heidi Withers/HOU/ECT@ECT, J R
Fosdick/GCO/Enron@Enron, Carlos J Rodriguez/HOU/ECT@ECT, Stephanie
Gomes/HOU/ECT@ECT, Pat Clynes/Corp/Enron@ENRON, Tom Acton/Corp/Enron@ENRON,
Robert Walker/HOU/ECT@ECT
cc:
Subject: FIRST DELIVERY - TEXACO E & P

See attached file


Tom:

SITA may be anxious but their lawyers raised a few new issues that we are
responding to.  Also, we have not finalized the Enron Corp. guaranty.  Sara

	Tom Bruce-Jones
	12/04/2000 05:06 AM

		 To: Sara Shackleton/HOU/ECT@ECT
		 cc: Tanya Rohauer/HOU/ECT@ECT, Lee Munden/LON/ECT@ECT, Matthew
Dawson/LON/ECT@ECT
		 Subject: Sita documentation

Sara

Further to our recent telcon and mails re the above CP, pls can you advise
the status of the documentation, and when the CP can reasonably expect to
receive them.  They are anxious to sign the docs and to commence transacting
at the earliest opportunity.

Any update would be much appreciated so that I can advise the client.

Best regards
Tom


That's OK, I was going to use it in the presentation, but it wasn't
essential.  Was my talk what you were looking for?

Celeste Roberts@ECT
07/17/2000 02:41 PM
To: Steven J Kean/HOU/EES@EES
cc:
Subject: Re: Welcome Lunch for new hire analysts - Monday, July 17 from 12:00
p.m. to 12:30 p.m.

Sorry I did not get this prior to your presentation.  We do have this
information if you would still like a copy.  Let me know if you need it and
by when.

Steven J Kean@EES
07/17/2000 07:45 AM
To: Celeste Roberts/HOU/ECT@ECT
cc:
Subject: Re: Welcome Lunch for new hire analysts - Monday, July 17 from 12:00
p.m. to 12:30 p.m.

Do you have an "alumni" list of analysts/associates in key positions at Enron?

Celeste Roberts@ECT
07/14/2000 03:05 PM
To: Steven J Kean/HOU/EES@EES
cc: Joseph W Sutton@Enron
Subject: Welcome Lunch for new hire analysts - Monday, July 17 from 12:00
p.m. to 12:30 p.m.

Steve

Thanks for stepping in and backing up for Joe Sutton on Wednesday.  I wanted
to provide you with talking points for your speaking engagement with our new
hire analysts during their orientation.  As a reminder, you are scheduled to
speak over lunch on Monday, July 17 from 12:00 p.m. to 12:30 p.m. at the
Doubletree Hotel in the LaSalle Ballroom.

Purpose of the luncheon:  Welcome the new hire analysts and impart to them
our important this program is to Enron.

The analyst program is the ultimate pipeline of top entry-level talent,
strategically deployed to meet anticipated business needs.  We look to this
program to provide the company with our future business leader.
The program is a premier partner in providing exciting career challenges in
areas of Finance, Origination/Structuring, Technology, Risk Management, Sales
and Marketing, Trading, Valuation, and Accounting.
The analyst program is also an avenue for providing the solid foundation of
knowledge and skill needed in a competitive and dynamic global corporation.
We are very excited to have you on our team.  This is a very exciting company
that is always reinventing itself.  The opportunities are endless.

There will be 75 new hire analysts attending this orientation.  Other than
the recruiting process, this is their first impression of Enron and Senior
Management.  The first week of their orientation will consist of
presentations given by all business units/operating companies.  Weeks two and
three will consist of technical training (i.e., modeling, valuation, working
styles, communicating effectively and computer training).  Additionally, we
have social events scheduled to allow them to network with peers and
management.  Additionally, I have attached a calendar of the orientation for
your review.

Steve, let me know if you require additional information.  Thank you for your
support in our new hire orientation efforts.

Regards,
Celeste Roberts


CONFIDENTIALITY This e-mail and any attachments are confidential
and may also be privileged. If you are not the named recipient,
please notify the sender immediately and do not disclose the
contents to another person, use it for any purpose, or store
or copy the information in any medium.
----------------------------------------------------------------

How about Thursday at 15:30?
?
Susan

>>>  <Sara.Shackleton@enron.com> 11/4/2000 00:36:50  >>>

Susan:? How about any of Wednesday - Friday, Nov.8, 9  or 10?? Houston is on
Central Std. Time.? Let me know.?S ara

??????????????????????????????????????????????????????????????????????????????
??????????????????????????????????????????
???????????????????  "Susan
Hopkinson"????????????????????????????????????????????????????????????????????
???????????????
???????????????????  <susan.hopkinson@lo???????  To:????
<Sara.Shackleton@enron.com>??????????????????????????????????????
???????????????????  vells.com>????????????????  cc:????
<Michael.Moulton@enron.com>,  <Stephanie.Panus@enron.com>?????????
??????????????????????????????????????????????  Subject:???? Re:
SITA????????????????????????????????????????????????????
???????????????????  11/03/2000 05:38
AM????????????????????????????????????????????????????????????????????????????
?????
??????????????????????????????????????????????????????????????????????????????
??????????????????????????????????????????
??????????????????????????????????????????????????????????????????????????????
??????????????????????????????????????????

CONFIDENTIALITY This e-mail and any attachments are  confidential
and may also be privileged. If you are not the named  recipient,
please notify the sender immediately and do not disclose  the
contents to another person, use it for any purpose, or store
or copy  the information in any  medium.
----------------------------------------------------------------

Thanks  for your email Sara.? When would you like to do? the conferencec all
next week? I cannot do Monday, but any other time should be? fine.  Maybe if
you give me a couple of times that suit you then I can picko  ne?? I would
like my colleague Sharon Lewis to be free as well if?  possible.

Susan

>>> <Sara.Shackleton@enron.com>  11/3/2000 01:33:15? >>>

Susan:? Sorry for the delay in  getting back to? you.? We have agreed to
delete the CSA and will  return a blackline to? you shortly.? You may recall
that SITAe xpressly requested that theE nron agreement be governed by
English law which  is why we prepared thisd ocument for execution by our
affiliate in London  with the jurisdictionl anguage appearing in the prior
draft.? There are  still issues posed by? your markup and we should be able
to schedule a  conference call next? week.? Thanks.??  Sara

????????????????????  "Susan?  Hopkinson"
????????????????????  <susan.hopkinson@lo????????  To:
<Sara.Shackleton@enron.com>
????????????????????  vells.com>?????????????????  cc:
???????????????????????????????????????????????  Subject:?????  SITA
????????????????????  10/09/2000 03:27? AM

CONFIDENTIALITY This e-mail and any  attachments are? confidential
and may also be privileged. If you are not  the named? recipient,
please notify the sender immediately and do not  disclose? the
contents to another person, use it for any purpose, or  store
or copy? the information in any?  medium.
----------------------------------------------------------------

Further?  to my fax of 3 October we have SITA's instructions.

1 - Credit  Support? Annex :

SITA's position is unchanged. SITA does not wish to  have a Credit? Support
Annex.? SITA have asked that ENRON come up  with a proposal on? the term and
volume of the transactions on the basis  of no Credit Support? Annex.

2 - SITA does not provide investment  services ancillary to its? main
activities. Do you have any news  regarding ENRON on this? point?

Kind regards
Susan?  Hopkinson

----------------------------------------------------------------
Lovells?  (the merged firm of Lovell White Durrant and
Boesebeck Droste, practising  as? Lovells Boesebeck Droste in
some jurisdictions) is an international  lawf irm.

In the event of any technical difficulty with this email,p lease? contact
the sender or the London Technology Department on +44  (0) 20 7296?  2000.

----------------------------------------------------------------
Lovells  (the merged firm of Lovell White Durrant and
Boesebeck Droste, practising as  Lovells Boesebeck Droste in
some jurisdictions) is an international lawf irm.

In the event of any technical difficulty with this email, please  contact
the sender or the London Technology Department on +44 (0) 20 7296  2000.

----------------------------------------------------------------
Lovells (the merged firm of Lovell White Durrant and
Boesebeck Droste, practising as Lovells Boesebeck Droste in
some jurisdictions) is an international law firm.

In the event of any technical difficulty with this email, please contact
the sender or the London Technology Department on +44 (0) 20 7296 2000.


Hi Zimin!

Please find attached for your  review the UK RPI model, derived by
bootstrapping RPI swaps.

It's a very simple model and here are its specifics:

SWAP STRUCTURE

Payment: semi/semi Act/365F
>
> YOYUKRPI = (UKRPI(p-2)/UKRPI(p-14) - 1)/2
> p = payment month
>

The first payment is the latest known historical RPI, February 2000, 2.32%.

ASSUMPTIONS

* Constant cashflows between the quoted years (as opposed to interpolating
swaps which distorts the curve a lot). This explains the atrocious look of
the "raw" curve. It is then smoothed with a macro, which Anjam wrote.

* Mid point of the swaps is used for deriving the curve;

* Discount rate is LIBOR and I solve for the coupon rate, which is the RPI
YOY rate;

* The above is solved separately for each quoted period (e.g. 2 yrs, 5 yrs)
and RPI rates are determined for the incremental portion.

By forecasting RPI in the above method we are able to lock in and deliver the
forecasted levels.

Looking forward to your comments and seeing you in London!

Best regards,

Martina
x34327


code for runM

 -----Original Message-----
From: 	Winfree, O'Neal D.
Sent:	Wednesday, February  6, 2002 10:40 AM
To:	Cheung, Cecilia
Cc:	Winfree, O'Neal D.; Keiser, Kam
Subject:

/usr/openwin/bin/xterm -ls -sb -display @d -n $host -T $host -r -sl 3000


Evidently Ben told Chris to call.  This is an on going problem.

Kay
---------------------- Forwarded by Kay Mann/Corp/Enron on 03/23/2001 12:35
PM ---------------------------

	From:  Chris Booth                           03/23/2001 11:47 AM

To: Kay Mann/Corp/Enron@Enron
cc:

Subject: Re: NW conference call

No.  The primary focus of the call today is to get the exclusivity agreement
executed.  I think NorthWestern is getting more comfortable with the
structure of the deal.  If all goes well with the exclusivity agreement, we
might go over a few contract points with NorthWestern.

Chris.

P.S.  I apologize for talking to outside counsel without your permission.  I
do not mean to step on any toes, I was simply responding to Ben's
request....you know how demanding he can be.  I hope you dad is doing well!

Kay Mann
03/23/2001 11:34 AM
To: Ben Jacoby/HOU/ECT@ECT, Chris Booth/NA/Enron@Enron, Jeffrey T
Hodge/HOU/ECT@ECT, jkeffer@kslaw.com
cc:

Subject: NW conference call

Will there be a "pre-call" for the Enron team?

Kay


Check out this web site
http://www.electricityfact.com/

Do we know who's behind this?


<http://rs6.net/on.jsp?t=1010947444322.1010945480759&o=http://ccprod.roving.com/roving/images/p1x1.gif>
FOR IMMEDIATE RELEASE
Merchant Power Monthly	 ........................

	.....
  <http://ccprod.roving.com/roving/images/letters/spacer.gif>
  <http://ccprod.roving.com/roving/images/letters/spacer.gif>
In just this month's issue, we have almost 7,000 MW of new plants documented!

- - Plus, the records on who owns each plant, their corporate structure, ownership changes and even foreign plants. Gleaned from FERC filings, we also provide you the docket number for each plant, so you can follow up and pull full documentation on any which are of interest-- free! We also provide you with feature stories on plants in progress from around the nation.

SPECIAL OFFER: Order Merchant Power Monthly for only $196/year ($295/year if you require hardcopy) and receive FREE all of the back-issues of this millenium (in pdf format

Every Exempt Wholesale Generator, Qualifying Facility, Power Marketer Filing, since January 2000, and start your subscription in February 2002, for only $196!

Save even more with a corporate pdf site license. Only $1,000 for distribution to your entire company! Keep it on your server for access as required, rebroadcast it yourself, or give us the list of recipients and let us take care of delivery for you-- your choice!

FOR THIS SPECIAL OFFER, YOU MUST ORDER BEFORE February 15

For a sample issue, download: htt p://www.pmaconference.com/0201MPM.pdf  <http://www.pmaconference.com/0201MPM.pdf>

email: info@pmaconference.com <mailto:info@pmaconference.com>
voice: (703) 641-0613

  <http://ccprod.roving.com/roving/images/letters/spacer.gif>
This email was sent to scorman@enron.com, at your request, by PowerMarketers.com <http://rs6.net/tn.jsp?t=ctttsqn6.xbwxqqn6.9arrsqn6&p=http%3A%2F%2Fwww.PowerMarketers.com>.
Visit our Subscription Center to edit <http://ccprod.roving.com/roving/d.jsp?p=oo&m=1000838503237&ea=scorman@enron.com> your interests or unsubscribe <http://ccprod.roving.com/roving/d.jsp?p=oo&m=1000838503237&ea=scorman@enron.com>.
View our privacy policy <http://ccprod.roving.com/roving/CCPrivacyPolicy.jsp>.

Powered by
Constant Contact <http://www.constantcontact.com/index.jsp?cc=tsapr>


---------------------- Forwarded by Denver Plachy/NA/Enron on 03/26/2001 10:02 AM ---------------------------
From:	Teresa Dyar/ENRON@enronXgate on 03/26/2001 08:42 AM
To:	Les Webber/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Jody Crook/Corp/Enron@ENRON, Lowell Bezanis/ENRON@enronXgate, Denver Plachy/NA/Enron@Enron, Russell Dyk/Corp/Enron@ENRON
cc:

Subject:	CA Supply & Demand: Article on Kern River Expansion p4

Kern River plans to double their pipeline capacity by 2003. Please forward to others who may be interested.


We agree.

---------------------- Forwarded by David Avila/LSP/ENSERCH/US on 02/23/2001
10:15 AM ---------------------------

"Eileen Ponton" <kponton@duke-energy.com> on 02/23/2001 10:14:42 AM

To:   David Avila/LSP/ENSERCH/US@TU, Charlie Stone/Texas Utilities@TU, Melissa
      Jones/Texas Utilities@TU
cc:
Subject:  NOM /ACTUAL FLOW FOR 2/22/01

NOM   =      60,000

ACTUAL FLOW = 58,094 (56,567 MCF , 1.027 BTU)


Good morning, Yelba.

It has been a long time!  You may not remember me, but I have been working
with Jeff since the McKinsey days (my name used to be "Baumbach").

After reviewing your e-mail, Jeff suggests that you speak to Lou Pai,
Chairman & CEO of Enron Energy Services; his telephone number is
713.853.5646.  By copy of this e-mail, he is advised that you will contact
him.

Good luck with your venture, Yelba, and welcome back to Houston.  If I can be
of assistance, please don't hesitate to call me.  And please tell Richard
that we said hello.

Regards,
Sherri Sera
Assistant to Jeff Skilling
713.853.5984
713.646.8381 (fax)
e-mail: sherri.sera@enron.com

Yelba Saettone <YSaettone@home-link.com> on 03/28/2000 01:34:07 PM
To: "'jskilli@enron.com'" <jskilli@enron.com>
cc: Jim Golden <jgolden@home-link.com>

Subject: Home-Link Business Model

Hi Jeff,
Don't know if you remember me from your old McKinsey days, but I am Richard
Saettone's wife. The entire family is finally back in Houston after several
years in Peru.  I am working for a company called Home-Link Services, and
wanted to request your aid in finding the correct person to talk to at Enron
regarding our business model.

We currently represent over 200,000 transactions per year (people moving),
and one of the most requested services from our customers is the connection
of utilities.  As an aggregator for the energy sector with that type of
volume, who do you recommend we call?  We are expected to grow to about
500,000 transactions by year-end.

Feel free to call me with any questions.  I would be most happy to send you
or the proper Enron contact an executive summary for review.

Richard sends his regards and we hope your family is doing well.

Yelba R. Saettone
Vice President of National Sales
Home-Link Services, Inc.
43 West Isle Place
The Woodlands, TX 77381
281-296-6498 phone
281-465-9240 fax
email: ysaettone@home-link.com


Energy Market Report
Monday, January 14, 2002

*See attached pdf file.
__________________________________________________________
Western Pre-Scheduled Firm Electricity Prices($/MWh)
January 14, 2002 for January 15, 2002

Peak(Heavy)
                   Low      Change    High      Change
NW/N. Rockies     18.75      0.25     21.25      2.00
Mid-Columbia      18.75      0.25     21.25      2.00
COB               21.50      2.00     23.00      1.50
N. California     22.50      1.50     25.50      3.00
Midway/Sylmar       NA        NA        NA        NA
S. California     23.00      1.50     26.25      3.25
Mead              22.75      1.75     25.75      4.00
Palo Verde        22.00      1.75     26.00      3.75
Inland SW         22.00      1.75     26.00      3.75
4-Corners         22.50      2.00     23.50      2.50
Central Rockies   17.75     -1.00     22.00      1.00
__________________________________________________________
Off-Peak(Light)
                   Low      Change     High     Change
NW/N. Rockies     16.50      0.50     17.25      0.00
Mid-Columbia      16.50      0.50     17.25      0.00
COB               16.50      1.50     19.00      1.25
N. California     17.00      2.00     19.00      1.00
Midway/Sylmar       NA        NA        NA        NA
S. California     16.75      2.25     18.75     -0.75
Mead              17.00      0.50     18.25      0.25
Palo Verde        16.00      1.00     18.00     -0.25
Inland SW         16.00      1.00     18.25      0.00
4-Corners         16.00      1.00     17.00      0.50
Central Rockies   13.00      0.25     15.00      0.50
__________________________________________________________
Hungry for Heat

Heavy load energy costs in the West received a boost on Monday, compliments
of forecasts calling for below-normal temperatures, increased generation
curtailments, and slightly higher natural gas prices.  The long-awaited
colder weather was likely to strengthen spot electricity prices over the
coming days, but opinions varied as to the extent and duration of the
forecasted cooling.  "The cold is finally coming here, and temperatures
should remain below normal for at least a week," said one Northwest trader,
who added, "I'm sure the dailies will react to this bullish weather pattern,
but there's so much gas in storage and water in the rivers that prices may
not rise as much as some people are anticipating."  NYMEX Henry Hub futures
contracts rose Monday amid reported short covering, but the gains were said
to be limited by moderate weather forecasts for the eastern U.S., and
continued concerns surrounding high gas storage levels.  February Hub gas
rose 4.6 cents to close at 2.25$/mmBtu, while March gained 3.7 cents to
settle at 2.24$/mmBtu.  In other industry news, attorneys for bankrupt Enron
Corp. said Monday they were delaying the release of details about Enron's
trading unit sale to the Swiss financial institution UBS Warburg until 23:00
EST Monday.  Enron and its attorneys would not comment on the reason for the
delay.  Patience is a virtue?isn't it?

Peak power prices in the Northwest were on the rise for Tuesday delivery, a
trend many players believed would continue through much of the week.  A
round of colder weather was expected to increase heating demand in the
region over the next several days.  According to Weather Derivatives,
heating demand in the region was expected to average 110 percent of normal
through January 21, while the most recent six-to-ten-day forecast from the
National Weather Service was predicting that below-normal temperatures would
continue blanketing the Northwest through January 24.  Healthy flows at
regional hydro generating units, however, had some parties convinced that
the cold would come and go without incident, and that the upside for daily
prices would therefore be limited.  Flows for Chief Joseph on the Columbia
River came in at 95 kcfs through Thursday, 90 kcfs Friday, 60 kcfs Saturday,
50 kcfs Sunday, and 100 kcfs next Monday.  In unit news, Bridger #3 (520 MW)
was reportedly still off line Monday for tube leak repairs, though sources
were expecting the Wyoming-based unit to return later Monday evening.
Wyoming-based Naughton #3 (330 MW) came down Sunday for tube leak repairs
expected to last from 48 to 72 hours.

With temperatures slated to remain near to slightly above normal through
Friday, day-ahead peak power in the Golden State firmed up for Tuesday
delivery.  Marketers cited an increase in off-line generation as the primary
factor in the price increase.  Peak goods at SP-15 were the premium fare on
Monday, with pieces changing hands between 23 and 26.25$/MWh.  The latest
six-to-ten called for temperatures to hover around normal from January 20 to
24. In the news, the California Chamber of Commerce and the California
Business Roundtable proposed eliminating the Consumer Power and Conservation
Financing Authority and the Electricity Oversight Board, and to consolidate
the duties of the Public Utilities Commission, the Energy Commission, the
Department of Conservation, and the energy division of the California
Department of Water Resources.  Chamber of Commerce President Allan
Zaremberg cited the many overlapping duties of these government entities as
creating competition and conflicts of interest, with the end result of
inflating the state's electricity costs, while two of the entities are of
dubious worth anyhow.  The newly-formed Consumer Power and Conservation
Financing Authority has not done anything besides drain state resources
since its inception in August, and the Electricity Oversight Board has
shrunk to a single board member in the absence of its primary duty - to
oversee the now-defunct California Power Exchange.  Legislators vowed to
untangle the web of conflict, redundancy, and inefficiency carefully, to
avoid causing an even bigger mess than the one they aim to repair.
Generation had a turbulent weekend, with small-unit outages climbing by
almost 1,700 MW since Friday, and Encina #4 (303 MW) joining sister unit
Encina #5 (332 MW) in off-line status.

As temperatures in the Southwest were poised to dip through the week, spot
electricity prices reacted in kind, gaining as much as 4$/MWh for Tuesday
delivery.  Slightly higher natural gas prices were also said to be adding
strength to the dailies.  Peak power at Palo Verde ranged from 22 to
26$/MWh, with the bulk of transactions seen between 23.75 and 24$/MWh.
Weather Derivatives projected that heating demand in the desert region would
average 112 percent of normal through January 21, peaking out at 123 percent
of normal on January 18.  The latest six-to-ten from the NWS was also
calling for below-normal temperatures across the Southwest through January
24.  "Our daytime highs are expected to fall into the mid 60s, and our
overnight lows into the mid 40s.  I know that doesn't sound all that cold,
but thin-blooded Southwesterners will undoubtedly be turning on the heat,"
said one Phoenix-based trader.  In unit news, Coronado #1 (365 MW) ramped up
to two thirds capacity over the weekend, and was scheduled to hit full power
sometime on Tuesday.

Patrick O'Neill and David Ramberg
_________________________________________________________

Western Generating Unit Outages

Current                            Begins          Ends          Reason
CAISO units <250/7801 total          NA             NA
planned/unplanned*
Alamitos #3/320/gas               04-Dec-01         ?            planned
Alamitos #4/320/gas               04-Jan-02         ?            planned
Bridger #3/520/coal               12-Jan-02     14-Jan-02        tube leak
Colstrip #3/700/coal              11-Jan-02         ?            repairs
Encina #4/303/gas                 12-Jan-02         ?            unplanned*
Encina #5/332/gas                 11-Jan-02         ?            planned
Etiwanda #3/320/gas               22-Dec-01         ?            planned
Four Corners #5                   09-Jan-02     14-Mar-02        maintenance
Grand Coulee #19/600/hydro        10-Dec-01       March          repairs
Haynes #6/341/gas                 07-Jan-02         ?            planned
Helms PGP #2/407/hydro            01-Oct-01         ?            planned
Hyatt/Thermalito/933/hydro        02-Oct-01         ?      @506 MW,
unplanned*
Morro Bay #3/337/gas              04-Jan-02         ?            planned
Moss Landing #6/739/gas           11-Jan-02         ?           unplanned
Moss Landing #7/739/gas           29-Dec-01         ?            planned
Naughton #3/330/gas               13-Jan-02     16-Jan-02        tube leak*
Ormond Beach #1/725/gas           28-Dec-01         ?            planned
Ormond Beach #2/750/gas           05-Oct-01         ?      @350 MW,
unplanned
Pittsburg #6/317/gas              22-Nov-01         ?            planned
Redondo #8/480/gas                09-Dec-01         ?            planned
San Juan #4/534/coal              10-Jan-02     14-Jan-02       tube leak*

For unit owners refer to pdf version.
*Indicates a change from previous EMR.
______________________________________________________________________

Eastern Markets Pre-Scheduled Firm Power Prices ($/MWh)

January 14, 2002 for January 15, 2002

Peak (Heavy) in $/MWh
                 Low     Change   High      Change
Into Cinergy    16.00    -0.50    18.50      0.345
Western PJM     22.00    -2.55    23.65     -1.45
Into Entergy    18.00     0.60    22.50      3.50
Into TVA        18.00     0.00    21.50      2.50
___________________________________________________________
Day-ahead peak power turned in mixed results on Monday across the Eastern
Interconnect, with northern hubs showing slight price decreases and southern
hubs strengthening in the face of covert unit outages.  In the north,
temperatures as much as 15 degrees above normal sucked the life out of the
market, while southern hubs, despite above-normal temperatures, surged
upward amid what some marketers assumed were unreported unit outages.  NYMEX
gas futures gained some ground Monday on short covering, but mild weather
and massive inventory levels limited the upside. The February Henry Hub
contract gained 4.6 cents to close at 2.25$/mmBtu, while March rose 3.7
cents to settle at 2.24$/mmBtu.

Peak power prices for Tuesday delivery at Western PJM changed hands from 22
to 23.65$/MWh, losing ground from Friday's 24.55 to 25.1$/MWh trades.
Marketers blamed forecasts calling for temperatures as high as 12 degrees
above normal at least through Friday, with rain showers likely Monday and
Tuesday. The latest six-to-ten likewise forecasted temperatures to remain
firmly entrenched in above-normal territory from January 20 through 24. Many
described Monday's market environment as a "state of confusion, with a lack
of clear direction and thin, illiquid trading" among players.  Just before
06:30 on Monday, LMPs spiked to 46$/MWh, and rose again right before 07:00
to just under 40$/MWh, but during peak hours prices did not reach more than
about 32$/MWh.  The average for LMPs on Monday was 22.51$/MWh through 14:00.
In unit news, nuclear unit Salem (1105 MW) was reportedly off-line Monday
for undisclosed reasons, with an ETR of Tuesday, January 15.

Into Cinergy day-ahead prices were mostly flat to Friday's peak power
prices, with goods for Tuesday delivery changing hands from 16 to 18.5$/MWh.
This represented a loss of 50 cents on the low end and a gain of 35 cents on
the high.  Temperatures remained unseasonably warm on Monday, with the
five-day forecast calling for temperatures to swing from up to 8 degrees
above normal on Tuesday to 3 degrees below normal on Thursday.  "There's
still hope that the week could see some strength," dreamed one player in
reference to the favorable forecast.  The latest six-to-ten called for a
return to normalcy from January 20 through 24.  There were no new unit
outages to report in ECAR on Monday, but it was reported that Palisades #1
(789 MW) could join the grid again as soon as January 18.

The blast of cold air that brushed across the Midwest last week was
breathing its last icy breaths in the Southeast on Monday, with temperatures
predicted to pick up and remain above normal through Friday.  Into Entergy
goods traded at a 0.6 to 3.5$/MWh premium from Friday's trades, with peak
power for Tuesday delivery changing hands from 18 to 22.5$/MWh.  Some
marketers insisted that weather had nothing to do with it.  "Obviously,
there are some units off, or prices wouldn't have come up like they did,"
commented one contented seller, "it's just that nobody's going to know which
ones for a couple of days."  The latest six-to-ten predicted Southeastern
temperatures would remain firmly above normal from January 20 to 24.  Peak
power prices for Tuesday delivery at Into TVA also gained ground from prices
seen on Friday, with pieces changing hands from 18.25 to 21.5$/MWh on
Monday.  "Prices started out at the low end, but I think some buyers got
caught, and didn't mind paying a little more to cover themselves, so prices
came up over the session," ventured one savvy trader.  There were no new
unit outages or curtailments to report in the SERC region on Monday, despite
assertions by various players that some units must be out.
___________________________________________________________

California ISO Congestion Index in $/MWh

                         Path                 Peak   Off-peak
for 13-Jan-02         NW1 to NP15             0.00     0.00
                      NW3 to SP15             0.00     0.00
                      AZ3 to SP15             0.00     0.00
                      LC1 to SP15             0.00     0.00
                      SP15 to NP15            0.01    15.49

for 14-Jan-02         NW1 to NP15             0.00     0.00
                      NW3 to SP15             0.00     0.00
                      AZ3 to SP15             0.00     0.00
                      LC1 to SP15             0.00     0.00
                      SP15 to NP15            0.00     0.00

for 15-Jan-02         NW1 to NP15             0.19     0.00
                      NW3 to SP15             0.00     0.00
                      AZ3 to SP15             0.00     0.00
                      LC1 to SP15             0.00     0.00
                      SP15 to NP15            0.00     0.00

OTC Forward Peak Electricity Contracts in $/MWh

                    Mid-C              PV              SP-15
                Bid      Ask      Bid      Ask      Bid      Ask
BOM            20.00    21.00    23.25    24.25    25.00    26.00
February       19.50    21.00    22.75    23.75    24.00    25.00
March          17.50    19.00    22.25    23.25    23.50    24.50
April          17.25    18.75    23.50    24.50    23.50    24.50
Q2 '02         17.00    18.50    26.00    27.00    25.50    26.50
Q3 '02         30.50    32.00    39.25    40.25    38.25    39.25
Q4 '02         25.75    27.25    26.25    27.25    27.75    28.75
Q1 '03         25.50    27.00    26.25    27.25    28.50    29.50
Cal '03        27.00    28.50    30.50    31.50    31.75    32.75

Represents the most recent bid/ask spread obtainable
by the Energy Market Report.

Alberta Power Pool Index (C$/MWh)

                    Peak(14)   Peak(16)   Off-Peak    Flat     Change
for  11-Jan-02       35.25     34.18       15.40      28.52    -2.01
for  12-Jan-02       52.98     49.565      22.53      41.13    12.61
for  13-Jan-02       36.32     35.75       23.99      32.12    -9.01

BPA's Offer for 01/16/02.

Hours        Amount          NW delivered        COB/NOB delivered
7-22         100MW           Market Price*          Market Price*
1-6, 23-24   100MW           Market Price*          Market Price*

*Market price will be determined at time of request.

NYMEX Henry Hub Gas Futures in $/mmBtu

                 Close        Change
        Feb      2.250         0.046
        Mar      2.240         0.037

Natural Gas Spot Prices in $/mmBtu

                  Low          High
Sumas             2.02         2.07
So. Cal Border    2.14         2.19
San Juan          2.00         2.05
__________________________________________________________

Economic Insight, Inc. - 3004 SW First, Portland, Oregon 97201,
Telephone (503) 222-2425, Internet e-mail emr@econ.com -
Copyright, Economic Insight, Inc. 2002.


Megan,

I can meet with you on the Pan Energy Swap anytime Thursday or Friday
afternoon.  Early afternoon usually works best for me.  I can come up to your
desk if that is easier.  Let me know.

D


Three little boys were concerned because they couldn't get anyone to play with them. They decided it was because they had not been baptized and didn't go to Sunday school. So they went to the nearest church, but only the janitor was there.
One said, "We need to be baptized because no one will come out and play with us. Will you baptize us?"
"Sure," said the janitor.
He took them into the bathroom and dunked their heads in the toilet bowl, one at a time. Then he said, "Now go out and play."
When they got outside, dripping wet, one of them asked, "What religion do you think we are?"
The oldest one said, "We're not Katlick, because they pour the water. We're not Bablist because they dunk all of you. We're not Methdiss because they just sprinkle you."
The littlest one said, "Didn't you smell that water?"
"Yes. What do you think that means?"
"That means we're Pisscopalians"