Below is the information for opening the utility accounts in your name.  The phone and cable will be disconnected on Nov. 5, and the water, gas and electricity will be disconnected on Nov. 6.  (If you make the calls prior to these dates and give them the Nov. 6th date, then the water, gas and electricity will not actually be turned off in the house.)

Electricity............Reliant  713-207-7777

Gas....................Reliant  713-659-2111

Water.................City of Houston  713-371-1400

Cable.................Time Warner  713-462-9000

Phone................SWB  1-800-585-7928
                         AT&T  1-800-222-0300

The number for the home alarm permit is 713-988-0041 (City of Houston).  The permits are valid for 1 year and you must have one on record or the police will not respond.

The closing is on Nov. 5th at 10am in the office of Commonwealth Land Title located at 2001 Kirby, Suite 1011, 713-522-5700 (Kirby and San Felipe).

I am paying Cheli to clean the house on Tuesday, Nov. 6th and her number is 713-465-3102 (cell 281-610-6891).

We are staying at the Sheraton Suites from Nov. 1-8 (713-586-2444) and my cell number is 713-385-7575 if you have any other questions.

I think this covers the basic items, let me know if you need anything else.  Have a good weekend!

Shanna


Attached are draft of more of the exhibits for discussion purposes.

See you tomorrow,

Kay


---------------------- Forwarded by Elizabeth Sager/HOU/ECT on 01/17/2000
10:55 AM ---------------------------

Elizabeth Sager
01/11/2000 03:48 PM
To: Richard B Sanders/HOU/ECT@ECT, Mark E Haedicke/HOU/ECT@ECT, Steven J
Kean/HOU/EES@EES, Joe Hartsoe/Corp/Enron@ENRON, Christi L
Nicolay/HOU/ECT@ECT, Cliff Baxter/HOU/ECT@ECT, Kevin P Hannon/HOU/ECT@ECT,
Greg Whalley/HOU/ECT@ECT, mmiller@torg.ect.enron.com, David W
Delainey/HOU/ECT@ECT, James B Fallon/HOU/ECT@ECT, Kevin M Presto/HOU/ECT@ECT,
Rogers Herndon/HOU/ECT@ect, Karen Denne/Corp/Enron@ENRON
cc:
Subject: TVA - Time schedule for EPMI's actions

ATTORNEY WORK PRODUCT: NOT DISCOVERABLE

The following is the current schedule for certain actions EPMI has taken or
is contemplating taking relating to TVA:

Jan 6 -  MOPA- Sent notice to TVA by fax stating that a Triggering Event
occurred and asking TVA to consider our  proposal in order to continue the
MOPA in  effect (to date, there has been no response from TVA)

Jan 24 - Operations - Cut transmission line for 2000 peaker

Jan 26 - MOPA - Notify TVA that EPMI is suspending deliveries under the MOPA
effective Jan 27 and terminating the  MOPA by selecting an Early Termination
Date ( which date may be no earlier than 10 Business Days after delivery of
notice)

Feb 4 - Control Area - File complaint  relating to TVA's actions against
EPMI's control areas, which lawsuit would be filed in the Eastern District of
Tenn. (Judge  Edgar) as part of the already filed lawsuit on the interface
issues

If you have any questions or concerns with this schedule, please notify me
immediately.

Unless there are any objections, we will proceed on this basis; provided,
however, if we hear from Mike Miller that the target operations date of Jan
24th can not be met, we would then propose to expedite this schedule.  If we
move up any of these actions, we will notify everybody,

Elizabeth Sager
36349


Tana,

Thanks for the note.

Yes, this is a form GTC developed and approved by me for lumber physical
trades.

	Tana Jones
	10/19/2000 05:29 PM

		 To: Harry M Collins/HOU/ECT@ECT
		 cc: Mary Cook/HOU/ECT@ECT, Diane Anderson/NA/Enron@Enron, Tiffany
Williams/NA/Enron@Enron
		 Subject: Re: Lumber GTC

Harry,

I believe this is yours...
----- Forwarded by Tana Jones/HOU/ECT on 10/19/2000 05:28 PM -----

	Mary Cook
	10/19/2000 04:47 PM

		 To: Tiffany Williams/NA/Enron@ENRON
		 cc: Diane Anderson/NA/Enron@Enron, Tana Jones/HOU/ECT@ECT
		 Subject: Re: Lumber GTC

The attached GTC should not be used in relation to any financial product.  It
reads as if it is to apply to physical lumber deals.  However, by copy of
this memo to Tana, I ask that she verify that it has been an approved
document for physical online lumber.

Enron North America Corp.
Mary Cook
1400 Smith, 38th Floor, Legal
Houston, Texas   77002-7361
(713) 345-7732 (phone)
(713) 646-3490 (fax)
mary.cook@enron.com

	Tiffany Williams@ENRON
	10/19/2000 03:04 PM

		 To: Mary Cook/HOU/ECT@ECT
		 cc:
		 Subject: Lumber GTC

Mary,

Should the following document be attached to all lumber deals?  Recently,
there was a clickpaper deal for lumber; the online GTC was attached to the
confirmation.  But, a question on this document has since been raised.

Please advise.

Thanks,

Tiffany


that isn't normal?


----------------------------------------------------------------------
This message is a special product promotion brought to you by ThomsonFN.
If you do not wish to receive future mailings, please click below,
and simply send us a blank email.
mailto:remove-0aj4s6bba3s9txzbrbbq3db0g6khzbx@adm.chtah.com
----------------------------------------------------------------------

-----------------------------------------------
Ameritrade Advantage v 1.0
-----------------------------------------------

Ameritrade offers two power tools to help you see what the market is doing.

Advanced Analyzer(TM) lets you explore the past and discover trends.
With Super StreamMachine(TM), you can dive into the present and act fast.
Together, these two tools can help you plan your financial future
with confidence.

To learn more, click to view video.
http://chtah.com/a/tA79Ga1AEcxF0AHsgTBAEi7oq.AFjAb7vU/amtd1?userid=76266026&email=gwhalle@ect.enron.com

Or visit us at:
http://chtah.com/a/tA79Ga1AEcxF0AHsgTBAEi7oq.AFjAb7vU/amtd2?userid=76266026&email=gwhalle@ect.enron.com

Market volatility and volume may delay system access and trade executions.
Access to real-time quotes is subject to acceptance of the
Exchange Agreements.
We do not recommend the purchase of any security or use of any strategy.
This is not an offer or solicitation in any jurisdiction where we are not
authorized to do business.
Super StreamMachine, Advanced Analyzer and Ameritrade and logo are trademarks
of Ameritrade Holding Corporation.

----------------------------------------------------------------------
This service is powered by oneFN on behalf of ThomsonFN.
OneFN Privacy
Click here to see the oneFN Privacy Policy:
http://chtah.com/a/tA79Ga1AEcxF0AHsgTBAEi7oq.AFjAb7vU/privacy

"Note:  ThomsonFN does not produce or endorse this product,
and assumes no responsibility for the use thereof."


To follow up on yesterday's e-mail, I am attaching two transcribed voice-mails from Chuck La Bella received today.  I thought you might be interested in the latter half of the first voice-mail, coming from a prosecutor.

The information contained in this e-mail message and any accompanying documents is subject to the attorney-client privilege and/or the attorney work product rule and is confidential business information intended only for the use of the individual or entity named above.  If the reader of this message is not the intended recipient or representative of the recipient, you are hereby notified that any dissemination of this communication is strictly prohibited.  If you have received this communication in error, please notify Kathryn A. Pugh at kpugh@pkns.com and immediately delete this message from your system.

 - #287031v1 -LABELLA, CHUCK V-M FROM.wpd


> DELL & ENRON ClickAtHome ORDER CONFIRMATION
>
> Thank you for your Enron ClickAtHome order!  Please read and retain this
> e-mail for your records.  It contains important information relating to
> your order that should be used in any future communications with Dell.
>
> Your Dell customer number is:  12831655
>
> Your order number is:  509701959
>
> Your total "Out of Pocket" amount:  $ 0.00
> The total "Out of Pocket" amount includes upgrade costs, shipping and
> taxes.
>
>
> Your Online Sales Point of Contact:
> We are here to assist you with your order if needed. Our office hours are
> Monday- Friday, 8am-7pm Central Standard Time.  You can reach our office
> by calling 1-866-220-3355 or through e-mail at:
> US_EPP_Clickathome@dell.com <mailto:US_EPP_Clickathome@dell.com> .
>
> Estimated Ship Date:
> We estimate that your order should be shipped on or before 02/01/01.
> Although we do not anticipate a delay in your order, we cannot guarantee
> the shipping date as we occasionally run into unexpected delays in
> manufacturing.  Your order is being shipped to you under Dell's terms and
> conditions of sale found at: www.dell.com <http://www.dell.com>.
>
> Total Satisfaction Policy:
> If you wish to cancel your order for any reason within 30 days, we'll
> refund amounts paid by you, minus shipping costs, no questions asked.  You
> are responsible for the cost of shipping your system back to us.
> EPP Customer Care contact options: 1-866-220-3355,  option 4 or use the
> e-mail box  US Relationship EPP@dell.com .
>
> How to Check Order Status:
> If you would like to check the status of your order, please call Dell's
> automated order status inquiry system at:  1-800-433-9014, or visit Dell's
> Order Status Page at: <http://wwwapp.us.dell.com/us/en/ordstat/index.asp>.
>
>
> You can also register to have Dell e-mail you when your order is shipped,
> by going to:
> <http://wwwapp.us.dell.com/us/en/ordstat/watchreg.asp?ordnum>.
>
> How to reach a Technical Support Representative:
> Once you have received your equipment, if you need to contact a Dell
> technical support representative, please call 1-866-220-3355, option 3.
> You will be asked to give your "Service Tag Number".  The "Service Tag
> Number" is a five digit alphanumeric number written on the white bar code
> label on the back of the system.  Please have this number ready before you
> contact the technical support representative.
>
>
> Thank you for participating in the Dell/ Enron ClickAtHome program.  It is
> my pleasure to work with you.
>
> Sincerely,
>
> Robb Wheeler
> Dell Computer Corporation
> Online Order
> Relationship Employee Purchase Program
> Robert_Wheeler@dell.com <mailto:Robert_Wheeler@dell.com>
>
>
>
>
>


how was the well this weekend?

	Enron North America Corp.

	From:  Timothy Blanchard @ EES                           03/20/2000 08:52 AM

To: Eric Bass/HOU/ECT@ECT, Chad Landry/HOU/ECT@ECT, Matthew
Lenhart/HOU/ECT@ECT, Phillip M Love/HOU/ECT@ECT, Bryan Hull/HOU/ECT@ECT,
Brian Hoskins/HOU/ECT@ECT
cc:
Subject:

One other thing...

Teams in the Sweet 16

SEC - 3
Big 12 - 2

Bass, not working out the way you thought it would, huh?


Notice to Members No: 01-353
October 23, 2001

TO:		ALL COMEX DIVISION MEMBERS
		ALL COMEX DIVISION MEMBER FIRMS
		ALL COMEX DIVISION CLEARING MEMBERS

FROM: 	J. Robert Collins, Jr., President

SUBJECT:	Approved Amendments to COMEX Rule 4.94, "Settlement Price
Procedures for Copper Contracts"

The Exchange has complied with regulatory requirements by filing with the
Commodity Futures Trading Commission amendments to COMEX Rule 4.94,
"Settlement Price Procedures for Copper Contracts".  The approved amendments
to Rule 4.94 modify the settlement price procedure for the current delivery
month by taking into consideration, not only the weighted average price
(rounded to the nearest minimum fluctuation) of all outright transaction
that occur in the closing range, but also the weighted average for all
spreads executed and all spread bids and offers actively represented between
the most active month and the current delivery month during the final thirty
minutes of trading.

A copy of the amended Rule 4.94 is attached.  These Rule amendments will
become effective on Monday, October 29, 2001.

Should you have any questions please contact Michael Campanelli at
212-299-2072, Albert J. Getz at 212-299-2608 or Ploumi Efkarpidis at
212-299-2334.

Approved Rule Amendments
(Asterisk indicates additions: bracketing indicates deletions)

Rule 4.94	Settlement Price Procedures for Copper Contracts.

	(A)(i) The term "base month" shall mean the March, May, July,
September, and December delivery months; (ii) the term "most active month"
with respect to this rule and the rules of COMEX Chapters 11 and 17 shall
mean the base month that is not the current delivery month, with the
greatest reported open interest on the official COMEX daily open interest
report.

* (B)   The settlement price for the current delivery month shall be
comprised of the weighted average price (rounded to the nearest minimum
fluctuation) of all outright transactions that occur in the closing range
combined with the weighted average price of all spreads executed between the
current delivery month and the most active month and all spread bids and
offers between the current delivery month and the most active month actively
represented during the final 30 minutes of trading.  If no outright
transactions occur in the closing range or no spreads are executed or there
are no spread bids and offers actively represented during the final 30
minutes of trading in the current delivery month, the settlement price shall
be the last trade price, unless during the closing range a bid higher or
offer lower than the last trade price is made.  In such event, such higher
bid or lower offer shall be the settlement price. *

	[(B)] *(C) *  The settlement price for the [current delivery month
and the] most active month shall be the weighted average price (rounded to
the nearest minimum fluctuation) of all outright transactions that occur in
the closing range.  If no outright transactions occur in the closing range
of [either the current delivery month and] the most active month, the
settlement price [for the applicable month] shall be the last trade price,
unless during the closing range a bid higher or offer lower than the last
trade price is made.  In such event, such higher bid or lower offer shall be
the settlement price.

	[(C)] *(D)*  In all other delivery months, the settlement prices
shall be determined based upon spread relationships between and among
contract months, which relationships shall be determined in the judgment of
the Settlement Price Committee with:  (a) greater weight given to spreads
executed late in the trading day in large volumes, and (b) lesser weight
given to (i) spreads traded in lesser volumes, (ii) spread bids and offers
actively represented late in the trading day, and (iii) spread transactions,
bids and offers from earlier in the trading day.  Notwithstanding the
foregoing, no settlement price shall be established that would be lower than
the best outright bid, or higher than the best outright offer, that:  (a)
was for at least 20 contracts, and (b) had been posted with the Exchange and
had remained available for execution and unfilled for the final 30 minutes
of trading of that trading day.

	[(D)] *(E)*  If any settlement price, determined pursuant to
Paragraph [(C)] *(D)*, is inconsistent with transactions that occurred
during the closing range for other delivery months of the same futures
contract or with other market information known to the Committee, the
Committee may establish a settlement price at a level consistent with such
other transactions or market information.  In such event, the Committee
shall prepare a written record of the basis for any settlement price so
established.


These are useful updates.  Please include Whalley, Lavorato, Parquet,
Dietrich, Delainey, Kitchens, Haedicke, Sanders, Kirby, Sharp, Leff, Calger,
Belden etc on future updates.  Thanks

From: Jeff Dasovich on 07/18/2001 08:18 PM
Sent by: Jeff Dasovich

To: Richard Shapiro/NA/Enron@Enron, skean@enron.com, Susan J
Mara/NA/Enron@ENRON, Harry Kingerski/Enron@EnronXGate, James D
Steffes/NA/Enron@Enron, Linda Robertson/NA/Enron@ENRON, Susan M
Landwehr/Enron@EnronXGate, mpalmer@enron.com, Karen Denne/Enron@EnronXGate,
Janel Guerrero/Enron@EnronXGate, Paul Kaufman/Enron@EnronXGate

cc:

Subject: California Update 07.18.01

The Senate, the Assembly and the Governor are either poised to engage in very
difficult negotiations, or the three are about to crash and burn and Edison's
going to be left dangling.

In the Senate:
The Senate bill 78XX is with about 90% likelihood going to be voted out of
the Senate tonight---without a vote having taking place in any committee.
Burton announced during one of the two "informational" hearings that "this is
it," despite the view of just about everyone who appeared before the
committees the bill likely won't prevent Edison from going bankrupt.
The key features of the bill are:
Banks and QFs get paid in full.
Edison shareholders would be responsible for debts owed to suppliers
No direct access.
There are conflicting reports about whether the Senate will take up the bill
tomorrow de-linking the bonds from the DWR contracts and whether the
Republicans will go along with it.

In the Assembly:
The Committee is hearing the Wright and Hertzberg bills as we speak, with
Hertzberg's the likely winner.
That bill now provides for Direct Access under certain conditions (the
amendments describing the conditions were faxed today).
We're attempting to get the "July 12" date changed to "the effective date of
the bill" or later.
The Assembly likely won't vote the Hertzberg bill out until tomorrow at the
earliest.

The Problem:
The Assembly and Senate bills are diametrically opposed in the way each
approaches the problem---in short, the bills are two ships passing in the
night.
The Democratic leaders (Governor, Hertzberg, Burton) aren't talking, and
Burton hasn't expressed any interest in talking---to anybody.

The likely outcome given the circumstances:
Burton says he's done what he needs to do (i.e., passed out a "fair" bill);
the Assembly and Senate can't agree; they finish the budget; time runs out;
they leave Friday; and Edison's left twisting.

That said, there's still a chance that the Governor could call Burton and sit
down with Burton and Hertzberg and work something out by Friday, or begin
talking and postpone the recess until they get it worked out.  But given
Burton, the chance of that happening seems very slim.

In short, little has changed since yesterday.

Best,
Jeff


Big 12 leads recruiting charge
?

?	By Bill Hodge
FANSonly.com

Dominating the 1999-2000 college basketball recruiting season, the Big 12 has
five teams in the top 15 men's classes following the late signing period.

	Search for signings

	The spring signing period ran from April 12 to May 15. Use FANSonly.com's
databases to find all the signings for your favorite school.
	Men's database search
	Women's database search.

	Oklahoma, Oklahoma State, Texas, Missouri and Iowa State all had outstanding
recruiting campaigns.
	Overall results are pending as signed scholarships continue to arrive
following the final signing day on May 15. Financial aid agreements (binding
schools, but not athletes) may still be signed. Eligibility problems are
common and will affect final rankings as well.
	Iowa, Indiana and Michigan State head up the top of the Big Ten, while
Connecticut, Seton Hall and St. John's collected impressive classes in the
Big East. North Carolina headed the ACC and Cincinnati topped Conference-USA,
while Memphis, under new head coach John Calipari, finished strong. Alabama
leads the SEC.
	If you're looking for pure size, 7-foot-6 center Neil Fingleton, a native of
England who attended Worchester-Holy Name Central Catholic, Mass., signed
with North Carolina. Curtis Johnson, a 7-4 center from Norfolk-Ryan Academy,
Va., is set for St. John's. However, neither will play early roles.
	1. Connecticut
F Caron Butler,6-7, Pittsfield-Maine Central Institute, Maine
G Taliek Brown, 6-1, Astoria-St. John's Prep, N.Y.
F Scott Hazelton, 6-8, Lawrence-Central Catholic, Mass.
F Johnnie Selvie, 6-7, Flint, Mich/Southeastern CC, Iowa
G Robert Swain, 6-4, College Park-Tri-Cities, Ga.
	The Huskies have an outstanding class, adding a top junior college player in
Selvie, plus Swain during the spring. Coach Jim Calhoun had to worry about
signing Butler, the top prep school prospect in the nation, at the last
minute over UNLV. Brown and Hazelton are both McDonald's All-Americans and
potential stars, but all attempts by the UConn staff of signing a big man
failed. Brown is physical and a scorer. Hazleton is a smooth wing player.
	2. Seton Hall
F Eddie Griffin, 6-8, Philadelphia-Roman Catholic, Pa.
G Andre Barrett, 5-8, Manhattan-Rice, N.Y.
G Marcus Toney-El, 6-6, West Orange-Seton Hall Prep, N.J.
F Damion Fray, 6-8, Huntington Station-Whitman, N.Y.
	Coach Tommy Amaker has this program on the way up and added three Top 50
players in Griffin (considered by many as the top prospect in nation),
Barrett and Toney-El. All three should step into the starting lineup or find
extensive playing time off the bench.
	3. Oklahoma
F James Wright, 6-6, Winchendon School, Mass.
F Johnnie Gilbert, 6-7, Minneapolis-Patrick Henry, Minn.
F Aaron McGhee, 6-8, Vincenness JC, Ind.
F Daryan Selvy, 6-6, Carl Albert JC, Okla.
C Ronnie Griffin, 6-9, Tallahassee CC, Fla.
G Blake Johnston, 6-1, Midland, Texas
F Joszef Szendrei, 6-9, Northeastern JC, Colo.
	Coach Kelvin Sampson landed athletes who can run and rebound with power.
McGhee and Selvy are first-team junior college All-American forwards and both
Griffin and Szendrei are very strong inside. Wright and Gilbert were highly
rated preps.
	4. Oklahoma State
F David Anderson, 6-8, Hargrave Military Academy, Va.
G/F Terrence Crawford, 6-6, Oklahoma City-Bishop McGuinness, Okla.
G Ellis Kidd, 6-5, Dallas-Madison, Texas
C Jack Marlow, 6-11, Tulsa-Union, Okla.
F Ivan McFarlin, 6-7, Sugar Land-Willowridge, Texas
G Maurice Baker, 6-1, Dixie JC, Utah
G Melvin Sanders, 6-5, Seward CC, Kan.
	Coach Eddie Sutton is very high on Sanders, McFarlin and Crawford. Marlow
weighs 285 pounds. Kidd can light it up and Anderson is very quick for 6-8.
Baker and Sanders were Spring additions and can score.
	5. Iowa
C Jared Reiner, 6-11, Tripp-Delmont, S.D.
F Glen Worley, 6-8, Iowa City-West, Iowa
G Brody Boyd, 5-10, Dugger-Union, Ind.
F Courtney Scott, 6-6, Lansing-Waverly, Mich.
F Sean Sonderleiter, 6-9, Des Moines-Christian, Iowa
F Reggie Evans, 6-8, Pensacola-Woodham, Fla/Coffeyville CC, Kan.
	Guard Luke Recker and guard Ryan Hogan, both redshirt transfers, also join
the Hawkeyes. This is one of the top Hawkeye classes ever, as coach Steve
Alford signed a highly rated center in Reiner (who passed on UConn and
Kansas), a top forward in Worley and an unbelievable shooter in Boyd. Evans
is considered a top junior college prospect at power forward and Hogan played
at Kentucky before transferring. The huge prize is Recker, who transferred to
Arizona from Indiana and then moved to Iowa in order to be nearer his family
and girlfriend, who was seriously injured in a car accident. After an appeal,
the NCAA allowed eligibility this fall. Recker averaged 16 points as a
sophomore for the Hoosiers and was third-team all-Big Ten. The Hawkeyes
already have a junior committment from one of the top guards in the nation,
Pierre Pierce of Westmont, Ill.
	6. St. John's
G Omar Cook, 6-1, Middle Village-Christ the King, N.Y.
F Kyle Cuffe, 6-8, Manhattan-Rice, N.Y.
C Mohammed Diakite, 6-11, Rockville-Montrose Christian Academy, Md.
G Willie Shaw, 6-6, Bronx-Stevenson, N.Y.
C Curtis Johnson, 7-4, Norfolk-Ryan Academy, Va.
	Forward Alpha Bangura and center Abe Keita are coming off redshirt years,
which makes coach Mike Jarvis' list of fresh faces even bigger. Jarvis had
corralled a super class, perhaps best in the nation, but the key was F Darius
Miles, 6-9, East St. Louis, Ill. A do-everything player generally rated among
the top three prospects in the country, Miles turned to the NBA rather than
attend St. John's. Without him, this group tumbles a few notches from their
No. 1 ranking after the early signing period. Cook is dynamic and Diakite
could the Red Storm's best center in years. Both have great basketball bodies
and athleticism. Johnson was a late addition and is considered a project. F
Eric King, 6-7, Brooklyn-Lincoln, NY., had entrance problems.
	7. Cincinnati
F Jamaal Davis, 6-8, Purdue/Barton County CC, Kan.
F Rod Flowers, 6-8, Huntsville, Ala.
G Field Williams, 6-3, Houston-Waltrip, Texas
F Antwan Jones, 6-8, Tallahassee CC, Fla.
G Immanuel McElroy, 6-4, Tyler JC, Tex.
	Reloading, the Bearcats have a great class with junior college standouts
Jones, McElroy and Davis. Davis played at Purdue before transferring. Flowers
and Williams are promising. National-quality guard/forward Jerome Harper of
Columbia, S.C., had his letter withdrawn due to off-court/entrance problems
and will attend junior college.
	8. Texas
G/F Brandon Mouton, 6-5, Lafayette-St. Thomas More, La.
C/F Brian Boddicker, 6-9, Duncanville, Texas
C Jason Klotz, 6-11, Houston-Klein Forest, Texas
F James Thomas, 6-8, Hargrave Military Academy, Va.
G Fredie Williams, 6-2, Mississippi Delta CC, Miss.
G Royal Ivey, 6-3, Blairstown, N.J.
	This group, powered by big men wanting to play for coach Rick Barnes, is one
of the nation's best. Thomas is tough and Boddicker was rated the best
propect in the state. Both should get playing time with the departure of
center Chris Mihm to the NBA. Purdue wanted Mouton badly, as he is a major
offensive threat. Other keys are Ivey, Williams and Klotz.
	9. Indiana
F Jared Jeffries, 6-10, Bloomington-North, Ind.
F/G A.J. Moye, 6-5, Atlanta-Westlake, Ga.
G Andre Owens, 6-3, Indianapolis-Meridian, Ind.
F Mike Roberts, 6-8, New Hampton-Prep, N.H.
	Coach Bob Knight and the Hoosiers shocked Duke by signing Jeffries, one of
the best forwards in the nation, and all four prospects are top quality. Moye
is a physical player and suited for the Big Ten wars, and Owens and Roberts
are very tough. Jeffries, a huge believer in Knight, threatened to transfer
if the veteran coach had been fired.
	10. Michigan State
G Marcus Taylor, 6-3, Lansing-Waverly, Mich.
F Zach Randolph, 6-8, Marion, Ind.
	Spartan followers can't complain about a class with the top guard and
center/forward in the nation. Higher-rated schools just had more prospects.
Taylor is outstanding and should see time early. Randolph, still not
qualified, is a widebody who dominated prep all-star play and could be the
Spartans' best post player in recent years.


Please see Tanya's response below to my inquiry about the EI/RMT ISDA.  I am
asking Ted Murphy to comment on this situation as well.

Regards,

Pat

---------------------- Forwarded by Patricia Cini/HOU/ECT on 06/15/99 03:11
PM ---------------------------

Tanya Rohauer
06/15/99 01:18 PM
To: Patricia Cini/HOU/ECT@ECT
cc: William S Bradford/HOU/ECT@ECT
Subject: Re: RMT/EI Master Swap

Pat,

I don't think the authorization issue relates to "entering into a swap" but
rather "holding a position".  I think that as long as EI is not holding open
a position, they are in compliance with authority controls.  Basically, this
means that as long as EI does every trade back to back, they are not
violating any controls. So, if EI enters into a swap with a third party, they
must immediately offset that risk with an identical (but opposite position)
swap with ECT. In this manner, EI never takes market risk, only ECT does. We
may need to verify this with Ted, but this is my understanding. The confirm
desk may be able to tell us if any deals were confirmed under the RMT/EI
master, but I don't think we would know since we do not monitor intercompany
exposure.

Thanks,
Tanya

	Enron Capital & Trade Resources Corp.

	From:  Patricia Cini                           06/15/99 11:58 AM

To: Tanya Rohauer/HOU/ECT@ECT
cc: William S Bradford/HOU/ECT@ECT
Subject: RMT/EI Master Swap

Sara called Friday and advised that there is a Master Swap agreement between
RMT and EI.  Since Ted Murphy advised that EI should not be entering into any
swaps, she is wondering about this ISDA.

Is there a way to check to see if we have any existing transactions done
under this ISDA?  It looks like this was set up so that EI could back to back
a trade with a Polish affiliate and RMT did a back to back trade with Merrill.

Pat


Attached is Enron North America Corp.'s suggested revisions to your pro forma confidentiality agreement.  Please review and let us know if the suggested revisions are approved.

Thanks for your help,
Ruth Concannon

Telephone:	(713) 853-1667
Fax:		(713) 646-8453
e-mail:		ruth.concannon@enron.com


Thanks for looking into the OU/Texas tickets for us.  With the ages of the
kids, I think that we will pass on those single tickets.  The kids love our
home tradition for the game, and weren't sure that they wanted to give that
up. (I have cake pans in the shape of the state of Texas and the state of
Oklahoma - one daugther decorates one, and the other decorates the second
cake - add some bean dip and chips and it's our own version of a tailgate
party!)

We were hoping to bring Meagan up to look at OU this fall, with our eye on
that last game of the season. However, Klein High School has started the
football season very strongly, winning all games to date.  That means that we
may be headed for high school playoffs again this year.  Meagan is on the
drill team and must be at all games.  Last year, we played right up to
Thanksgiving in the playoffs.  So, we have decided to pick a weekend in the
spring after drill team contest season is over to make that trip with Meagan.

We are interested in caps, shirts, etc. for UT, OU and Texas Tech.  Do you
have a list of what is available for those schools?

"Jacobs, Ted K" <tjacobs@ou.edu> on 09/23/2000 03:07:11 PM
To: "'Sally.Beck@enron.com'" <Sally.Beck@enron.com>
cc:
Subject: RE: Oklahoma Trip

Thanks for the nice words. I hope Enron will be able to look at some
students for summer internships, as I am sure they will be gone by Spring.

As far as Texas tickets go, I can come up with 5 singles, but not 5 together
or even 3 and 2. Let me know if interested and I will try to get them. Might
be able to trade up or something.

Let me know what other schools you are talking about and I can find out for
you.

Again, thank you for taking time out your schedule to come up and be a part
of the OU recruiting effort. It has been your support and efforts that we
have to thank for Enron coming to OU. Keep me posted on what you work out
with HR with regards to summer interns.

"Hook Em"

Ted K. Jacobs
Director of Energy Management
The University of Oklahoma
307 West Brooks, Room 218
Norman, OK  73019-4007
(405)325-0758
Fax (405)325-2096
E-mail: tjacobs@ou.edu
Website: www.ou.edu/business/em

-----Original Message-----
From: Sally.Beck@enron.com [mailto:Sally.Beck@enron.com]
Sent: Friday, September 22, 2000 5:30 PM
To: Jacobs, Ted K
Subject: Oklahoma Trip

It was good to see you in Norman earlier this week.  As always, I
appreciated your attendance at the presentation and at Coach's afterwards.
I am sure that it is rewarding for you to see former students such as Jody
and Nate participating on the other side of the recruiting table.  You have
done a great job in changing and promoting the program.

I am pushing Lexi to resolve the question around interview dates for summer
interns ASAP.  I have also left Mike McConnell a message to make him aware
of the issue.  I should be able to get back with you next week, hopefully
with a change in our strategy!

If you do become aware of five OU /Texas tickets, please let me know.  We
will certainly purchase them, I just made the assumption that all tickets
may already be sold.

On another note, David has worn his OU shirt to work and has gotten lots of
compliments.  He has a number of people that have asked him about school
shirts, caps, etc.  Do you have a list of the schools that you can get
merchandise for and the types of merchandise that you can get?  Let me know
-- we can probably place a few orders through you!


There were a couple of cosmetic changes. This is it! Disregard the previous
attachment.

JAG


Yes. I have calendered it.

 -----Original Message-----
From: 	White, Bonnie
Sent:	Monday, October 22, 2001 7:09 PM
To:	Sanders, Richard B.
Subject:	Hearing on Vinmar's Motion to Compel

Can you be available for the hearing on Friday, November 2, at 9:30 a.m.?

Bonnie J. White
Enron Litigation Unit
1400 Smith Street, Suite 4824
Houston, TX  77002
Ph:  713-853-7244
Fax: 713-853-6576
bonnie.white@enron.com


Mark:
Thiat sounds right but I would have Leslie take a look at it.  all of this
work is in connection with the deal that we inherited from Lou and it all
should be allocated to whatever group Bill Windle and Gauarav Babbar are  a
part of.

Carol St. Clair
EB 3892
713-853-3989 (Phone)
713-646-3393 (Fax)
carol.st.clair@enron.com

	Mark Taylor
	07/27/00 06:20 PM

		 To: Carol St Clair/HOU/ECT@ECT
		 cc:
		 Subject: LeBoeuf bill

I have received a bill from LeBoeuf for work done in June on the ACE
insurance matter for a bit over $36,000.  This included around 23 hours by PB
Wright ($12,000) and 38 hours by SD Avitabile ($13,000).  Does that sound
right to you?  I have to allocate this to the business units - should it all
go to East Power Trading?


---------------------- Forwarded by Scott Neal/HOU/ECT on 05/10/2001 05:26 PM
---------------------------

Kristen_Salivonchik@Dell.com on 05/10/2001 04:24:05 PM
To: sneal@enron.com
cc:
Subject: RE: Please Show Dana

hi!  did you show Dana?

How are you??

>  -----Original Message-----
> From:  Salivonchik, Kristen
> Sent: Thursday, April 12, 2001 12:02 PM
> To: 'sneal@enron.com'
> Subject: Please Show Dana
>
>
>  Hi Steve!
>
>  Please show this article to Dana.  It mentions stem cells for nerve
> tissue, maybe it can help her Mom.
>
>  http://dsc.discovery.com/news/reu/20010409/stemcell.html
>
>  Researchers say stem cells, which were first isolated just over two
> years ago, have the potential to grow new heart muscles for people with
> cardiac disease, new insulin-producing cells for those with diabetes and
> even new nerve tissue for those suffering from spinal injuries or
> Parkinson's or Alzheimer's diseases.
>
>
>  So how are you doing?
>
>  Take care!
>
>  Kristen
>


It is the Import Gas Daily file under Curve Maint in Runm.  We are working on an excel file with the intra-month and gas daily curves and will send it to you when we are done and we can try to load them once the database is split.

Thanks

kam

 -----Original Message-----
From: 	Lim, Francis S.
Sent:	Wednesday, January 09, 2002 4:49 PM
To:	Keiser, Kam
Subject:	RE: gas daily curve mappings

Can you specify which gas daily curve mappings.

We can probably load all of them up in excel.
You do your editing.
then we load it back into the database.

 -----Original Message-----
From: 	Wong, Jeremy
Sent:	Tuesday, January 08, 2002 3:43 PM
To:	Lim, Francis S.
Subject:	FW: gas daily curve mappings

I think she is referring to the egs_gas_daily_pub_mp table accessed from runm->Import Gas Dly->Edit Mapping screen,
although I could be wrong - please have someone work with her - thanks.

 -----Original Message-----
From: 	Keiser, Kam
Sent:	Tuesday, January 08, 2002 3:23 PM
To:	Wei, Zhiyong; Wong, Jeremy
Subject:	gas daily curve mappings

Question:

Once the new database for ERMS is split for Netco. we will have to make some changes to the gas daily curve mapping tables.  Is there another way to create these mappings other than adding them one at a time.  We are getting rid of a large percentage of curves and will be making many changes to the current mappings.  Doing it one by one will be very time consuming and I want to see if you are able to load them another way.

Kam


Yes, I can make March 30th work.  I will put that on my calendar.  --Sally

Kathy McMahon@ENRON
03/09/2001 11:06 AM
To: Sally Beck/HOU/ECT@ECT
cc:
Subject: Lunch w/ Cindy Olson

Sally, Cindy has a BOD mtg. at the Houston African American Museum on 3/28.
We've just recv'd the schedule.

Will Friday, March 30, work for you?

Thanks,
Kathy
ext. 3-6232

---------------------- Forwarded by Kathy McMahon/NA/Enron on 03/09/2001
11:05 AM ---------------------------

	Calendar Entry

Brief description:
Date:
Time:

LUNCH - Sally Beck - (location TBD) - meet in lobby at 11:30
03/30/2001
11:30 AM - 01:00 PM

Detailed description:

_________________________________________________________________________
Chairperson: Cindy Olson/Corp/Enron
Sent by: Kathy McMahon/NA/Enron
This meeting repeats   starting on    (if the date occurs on a weekend the
meeting ).


FYI.  Good idea.  But, I think we may have some exposure to manage if there are follow-up articles.  If the 200 lot product is not offered universally to all EOL customers, it's a change from the way we have positioned EnronOnline.  There may a legal issue with it as well.  It will be helpful for me to know how offering the product selectively benefits Enron.

Kal

UK:
Enron ups online metals transaction sizes.

09/27/2001
Reuters English News Service
(C) Reuters Limited 2001.

LONDON, Sept 27 (Reuters) - Commodities trader Enron has amended its internet
trading platform EnronOnline (www.enrononline.com) to allow some users to
increase the size of metals transactions.

For selected clients, Enron is now making markets in three months copper and
aluminium for maximum 200-lot transactions, compared with the standard 20-lot
markets on the system.
For the larger-volume deals Enron is quoting a wider $4 bid-ask spread rather
than the standard $2 spread.

Joe Gold, president of Enron Metals, said, "The 200-lot market was developed
because a number of people asked us to put something of a larger size on
there."

He said the 200-lot market was open to a restricted number of users, but was
not focused on any one particular section of the market.

"People who like large lots tend to be big producers, some of the funds, and
so on. They're people who have a commercial relationship with us already," he
said.

Traders said the increased transaction size could give Enron an added edge
when competing for fund business.

"It's a big step up in liquidity. If I was them my first call would be to the
top 10 fund managers to say 'why don't you stop messing around with phone
calls and come to the screen where you can trade 200 lots at the click of a
button?'" said one.

"Even if they don't manage to get these guys' business, they've raised the
bar. Their other clients may have to conform to the Enron model, offering
200-lot deals and maybe a $3 spread if they want to beat Enron."

U.S.-based Enron Corp became a major player in the metals trade in May last
year when it acquired MG plc, a leading independent international metals
dealing firm in London which had previously absorbed fellow LME ring-dealers
Rudolf Wolff & Co and Billiton Metals Ltd.

In July last year the company announced the first physical metals transaction
on EnronOnline.

The system differs from the screen trading systems operated by the London
Metal Exchange (LME) and UK-based metals and energy broker Spectron in that
the trading platform is open to a broad range of users but Enron is the sole
counter-party in each transaction.

Both the LME's LME Select and the Spectron trading platform enable trading
between individual users, but limit membership to Category 1 (ring dealing)
and Category 2 (associate broker clearing) members of the LME.

Folder Name: Rahil Jafry
Relevance Score on Scale of 100: 89

______________________________________________________________________

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

Copyright (c) 2001 Dow Jones & Company, Inc. All Rights Reserved


Schedule 6 came in for April 2001.   It shows we injected 49,072 mmbtus less than we had expected.  April total ENA was 6,447,933 mmbtus.  We had tickets written for 6,497,005 mmbtus.

The last day true-up for in May 2001 shows we injected 46,246 mmbtus less than we expected.   The total scheduled volume for the month was 6,068,754 mmbtus.   We had deals totaling 6,115,000 mmbtus.

Chris Price needs an injection price to complete his cost of inventory entry.  The file I usually e-mail is storage/stcpr051 and storage/stcpr041.  I believe these files were updated except for these last two adjustments.  I can't verify this since I do not have access enron files.

Thanks,
Kenny


After our discussion yesterday, I've updated the doorstep budget.  I'm
working on the schedule (starting 9/2000) and hope to get that to you soon as
well.

Best regards

Shona


Melissa:

We agreed to the form of confirm with ConEd last night.  Michael Forte was to
send the redraft to Michael Brown.  I haven't seen it yet.  Sounds like there
will be a plain vanilla swap also, which should look like (format) the one we
did in January.

Sara Shackleton
Enron North America Corp.
1400 Smith Street, EB 3801a
Houston, Texas  77002
713-853-5620 (phone)
713-646-3490 (fax)
sara.shackleton@enron.com


Stacey,

Here are some web sites that I found for New Mexico.

Sonia
-----Original Message-----
From: hennessy [mailto:shennessy@houston.rr.com]
Sent: Thursday, September 06, 2001 9:04 PM
To: Hennessy, Sonia
Subject:

www.sandiapeak.com/ <http://www.sandiapeak.com/>

<http://www.casinocity.com/link/index.cfm?ID=39100&C=US&S=NM>

<http://albuquerque.citysearch.com/profile/6922499/>

  <http://www.rainbowryders.com/>


Please call him.

	From:  Kathleen Carnahan                           11/07/2000 09:49 AM

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

Subject: Re: Draft CA for curves

You got it.  Did Gregg happen to mention which legal entity of Peoples is
using the confidential information?  I can call him if you want me to.

I'll make the first set of changes right now and wait to hear from you about
the length of the effective period.

K-

Kay Mann
11/07/2000 09:43 AM
To: Kathleen Carnahan/NA/Enron@Enron
cc:

Subject: Re: Draft CA for curves

Kathleen,
Please change the first paragraph as follows:
ENA is prepared to furnish you with certain risk analysis information which
is either confidential, proprietary or generally not available to the public
("Confidential Information") in connection with ENA,s disclosure to PERC
and/or enovate for its performing independent risk analysis relating to of
the portfolio of enovate, L.L.C., a Delaware limited liability company. Such
information may include (but not be limited to) and for PERC,s evaluation of
daily curves such as price, basis, index, volitility and interest rates as
they relate to the operations of enovate, L.L.C.  As a condition to
furnishing Confidential Information, PERC and ENA each agree to the following:

As for the paragraph 7, I've asked Gregg if the disclosures will be one time,
or ongoing.  If the disclosures will be ongoing, we may want to rethink the
effective period to make it two years from the last disclosure.

Gregg also needs a resoluting regarding signing authority, but I've left him
a voice mail asking for more information.
Thanks,

Kay

	From:  Kathleen Carnahan                           11/06/2000 09:13 AM

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

Subject: Draft CA for curves

Attached is a draft of the CA for Peoples based on Gregg Penman's information
below.  Gregg says he also wants some language to be included regarding audit
rights.  I did not include this language because I'm not sure how to word it
(and I could not find an example).

By the way, I used another People's CA I got from Ed's directory as an
example because it seemed to fit better than the one I got from you on Friday.

Gregg wanted some pretty specific reference to the confidential data being
supplied to Peoples, and most of the examples I reviewed were more general.
Please let me know what I need to change.

Kathleen

This is the example I used:

---------------------- Forwarded by Kathleen Carnahan/NA/Enron on 11/06/2000
09:02 AM ---------------------------
To: Kathleen Carnahan/NA/Enron@Enron, Kay Young/HOU/ECT@ECT
cc:

Subject: Draft CA for curves

Kathleen,

We have forms for confidentiality agreements.  All CA's are processed through
Kay Young, as she maintains the data base.  Kay, could you point Kathleen to
the repository of the forms so that she can generate the first draft? By the
way, I've assembled the emails I received on changing the form.  I'll be
happy to take a crack at the revisions if you tell me which form to start
with.  I know it will have to be processed through before it becomes standard.

Thanks,

Kay
---------------------- Forwarded by Kay Mann/Corp/Enron on 10/24/2000 08:56
AM ---------------------------
From: Gregg Penman on 10/23/2000 10:28 AM
To: Kay Mann/Corp/Enron@Enron
cc:

Subject: Draft CA for curves

Kay - We have previously discussed the idea of a CA to specifically cover the
curves.  We need to put this at the top of the list for this week.  Can you
prepare a CA for the distribution of enovate curves to specific individuals
at Peoples?  I would like it to read as follows:
Basis and Index curves will be provided daily for all points at which enovate
has a position, whether hedged or open, to specific individuals employed in
the risk management area.  (Individuals should be named on a schedule).
Curves are being provided for the express purpose of independent risk
analysis of the enovate portfolio by Peoples Risk Management personnel.

In return, the specific individuals will not forward, copy, or otherwise
distribute the curves to any individual not on the approved schedule.  No
communications, written or verbal, will be made to any person other than the
enovate GM or the Enron designated enovate risk committee member regarding
any aspect of the curves.

I need some language regarding audit rights, but this should get you
started.  Call me to discuss.

Gregg

---------------------- Forwarded by Kathleen Carnahan/NA/Enron on 11/06/2000
09:02 AM ---------------------------
From: Gregg Penman on 11/01/2000 03:13 PM
To: Kathleen Carnahan/NA/Enron@Enron
cc: Kay Mann/Corp/Enron@Enron

Subject: CA for enovate

Kathleen - As we discussed, here is a high level overview of what I am trying
to accomplish.

Purpose: Employees and representatives of Peoples Energy will be provided
information related to the operations of enovate, L.L.C. that is necessary or
appropriate to review the accuracy of data and verify that the operations and
controls set forth in Section VIII of the enovate, L.L.C. Risk Management
Policy are being properly implemented and followed.  Information may include
forward curves such as price, basis, index,volatility and interest rates to
the extent they relate to the operations of enovate, L.L.C.

Restrictions:  All information provided is deemed confidential.  Information
provided may only be used for the purpose mentioned above.  None of the
provided information may be distributed or communicated to any person who is
not subject to the confidentiality agreement.

Call me with any questions you may have.  Thank you for your assistance.

Gregg


Ditto Credit.

	Tana Jones@ECT
	05/14/2001 02:18 PM

		 To: Alan Aronowitz/HOU/ECT@ECT, Jeffrey T Hodge/HOU/ECT@ECT, Marcus
Nettelton/NA/Enron@ENRON, Harry M Collins/HOU/ECT@ECT, David
Minns/ENRON_DEVELOPMENT@ENRON_DEVELOPMENt, Marie Heard/Enron
Communications@Enron Communications, Robbi Rossi/Enron Communications@Enron
Communications, John Viverito/Corp/Enron@Enron, Jane McBride/AP/Enron@Enron,
Andrea Calo/SA/Enron@Enron, Peter Keohane/CAL/ECT@ECT
		 cc:
		 Subject: EOL Approvals: 05-11-01  (Re-send)

----- Forwarded by Tana Jones/HOU/ECT on 05/14/2001 02:18 PM -----

	Tom Moran/ENRON@enronXgate
	05/14/2001 02:00 PM

		 To: Karen Lambert/HOU/ECT@ECT, Tana Jones/HOU/ECT@ECT, Samuel
Schott/HOU/ECT@ECT, Mark Taylor/HOU/ECT@ECT, Brant Reves/ENRON@enronXgate,
Debbie R Brackett/ENRON@enronXgate, David Hardy/LON/ECT@ECT, Lesli
Campbell/ENRON@enronXgate, Cynthia Clark/ENRON@enronXgate, Enron Europe
Global CounterParty/LON/ECT@ECT, Stephanie Sever/ENRON@enronXgate, Tom
Moran/ENRON@enronXgate, Claudia Clark/ENRON@enronXgate, William S
Bradford/ENRON@enronXgate, Lisa Lees/ENRON@enronXgate, Juana
Fayett/Corp/Enron@Enron, Jana Morse/Corp/Enron@Enron, Trang Le/HOU/ECT@ECT,
Paul Maley/LON/ECT@ECT, Sonya Clarke/LON/ECT@ECT, Tim Davies/LON/ECT@ECT,
Karen O'Day/ENRON@enronXgate, Tanya Rohauer/ENRON@enronXgate, Kelly
Lombardi/NA/Enron@Enron, Brian Lindsay/Enron Communications@Enron
Communications, EOL Call Center@ECT, Bill D Hare/HOU/ECT@ect, Amy
Heffernan/Enron Communications@Enron Communications, Molly LaFuze/Enron
Communications@Enron Communications, Danny Clark/Enron Communications@Enron
Communications, Stephanie Panus/NA/Enron@Enron, Teresa
Mandola/ENRON@enronXgate, Bill Kyle/ENRON@enronXgate, Amber Ebow/HOU/ECT@ECT,
Wendi Lebrocq/ENRON@enronXgate
		 cc:
		 Subject: EOL Approvals: 05-11-01  (Re-send)

Please see attached

Regards,
Tom Moran
3-3017


I have received several calls this morning regarding the above, so apparently
there is some doubt.  Please be advised that the executive committee will not
meet today.  Further, due to travel schedules and the holidays, executive
committee meetings will not be held on Monday, December 18 or Monday,
December 25.

Please make note that the next executive committee meeting will be held on
Tuesday, January 2, 2001at 11:00 a.m. in EB50 Boardroom.

Don't hesitate to contact me should you have any questions.

Regards and Happy Holidays!
Sherri
x3-5984


sweet.  glad to hear things are going so well.

yeah, things are ok here.  it's more boring than anything.  not sure what the
future holds ...

 -----Original Message-----
From: 	"Minh Leung" <mleung@callisma.com>@ENRON
Sent:	Wednesday, December 05, 2001 2:49 PM
To:	Richey, Cooper
Subject:	RE:

Coop,

I was actually meaning to get in touch to see how things were going for you
after the big fallout. I will be in town at least until the end of the year.
Things are going well. Living good, getting in shape(dropped 50 lbs.), still
at Callisma(shaky), and got a girlfriend(going on 5 months). Looking forward
to seeing you over the holidays.

Cell: 	703-598-1426
Home: 	703-437-4179

-Minh.

-----Original Message-----
From: Richey, Cooper [mailto:Cooper.Richey@enron.com]
Sent: Wednesday, December 05, 2001 1:11 PM
To: mleung@callisma.com
Subject:

hey dude-

what's new?

i'm coming home dec 16 - jan 3.  are you planning on being around?  be
great to catch up on life.

i haven't talked to anyone from hs in the last year or so - feeling lame
and out of touch.  i hear howard is engaged.

things are going well for me, although job situation is somewhat
uncertain
at this point ...  i'm sure you've seen what's going on with enron.

how's callisma and life in general?

coop

**********************************************************************
This e-mail is the property of Enron Corp. and/or its relevant affiliate and
may contain confidential and privileged material for the sole use of the
intended recipient (s). Any review, use, distribution or disclosure by
others is strictly prohibited. If you are not the intended recipient (or
authorized to receive for the recipient), please contact the sender or reply
to Enron Corp. at enron.messaging.administration@enron.com and delete all
copies of the message. This e-mail (and any attachments hereto) are not
intended to be an offer (or an acceptance) and do not create or evidence a
binding and enforceable contract between Enron Corp. (or any of its
affiliates) and the intended recipient or any other party, and may not be
relied on by anyone as the basis of a contract by estoppel or otherwise.
Thank you.
**********************************************************************


FERC Eyes Rule To Tighten Affiliate-Dealing Regulations
Dow Jones International News, 09/10/01
INDIA: Enron, Indian utility step up war of words.
Reuters English News Service, 09/10/01

Enron to Detail 3rd-Qtr Broadband Financial Results (Update1)
Bloomberg, 09/10/01

Avici Systems to Fire 14% of Workforce to Cut Costs (Update3)
Bloomberg, 09/10/01

FERC Eyes Rule To Tighten Affiliate-Dealing Regulations
By Bryan Lee

09/10/2001
Dow Jones International News
(Copyright (c) 2001, Dow Jones & Company, Inc.)

OF DOW JONES NEWSWIRES

WASHINGTON -(Dow Jones)- Federal energy regulators are scheduled to act Wednesday on new rules affecting natural gas pipeline and electric utility affiliate dealings.
Sources say the U.S. Federal Energy Regulatory Commission plans to propose rules tightening up regulations prohibiting pipelines and utilities from providing market-sensitive information to their marketing affiliates.
FERC rules allow monopoly pipeline and utility companies to sell natural gas and electricity at market rates providing they adopt codes of conduct that prevent the passing of information that provides a competitive advantage to their marketing affiliates.
The changes under consideration stem from the commission's investigation of El Paso Natural Gas Co.'s (EPG) controversial contract with a marketing affiliate for pipeline capacity into California, according to sources.
The affiliate transaction has been blamed for California's dramatic runup in natural gas prices over the past year, which contributed to the state's unprecedentedly high electricity costs last year.
The proposed code-of-conduct changes also reflect the sweeping convergence between the natural gas and power sectors in the years since FERC deregulated the pipeline industry in the 1980s.
FERC's rules prohibit pipelines from sharing market-sensitive information with their gas-marketing affiliates. But the rules don't address the pipeline's power marketing affiliates. The commission is looking to expand the code-of-conduct rules to address all marketing affiliates, sources said.
These sources say the template for the pending change can be found in the conditions FERC imposed in a 1999 order authorizing the acquisition of Pittsburgh-based Consolidated Natural Gas by Dominion Resources (D).
The commission approved the electricity-natural gas convergence merger, contingent on Dominion agreeing to adopt codes of conduct applying equally to its gas and power marketing affiliates.
Those conditions didn't stop Dominion from agreeing Monday to purchase Louis Dreyfus Natural Gas Corp. (LD) for $2.3 billion.
FERC's planned rule changes would apply to other electric utilities with pipeline investments, such as CMS Energy (CMS), Duke Energy (DUK) and American Electric Power Co. (AEP). It is unclear how the changes would affect joint operating agreements, such as the one between Entergy Corp. (ETR) and privately held Koch Industries.
The largest impact will be for large pipeline companies with extensive power marketing operations and investments in power plants.
For example, El Paso, Williams Cos. (WMB) and Enron Corp. (ENE), represent about 70% of the interstate pipeline industry and are among the nation's top power marketers and merchant power plant developers.
As of last week, the commission was still debating the scope of the order, with some on the regulatory panel pushing for even stronger rules than the precedent established in the Dominion order.
"It could very well rattle the sabre about whether transmission providers ought to have affiliates at all that do business on their own transmission systems," said a FERC source.

-By Bryan Lee, Dow Jones Newswires; 202-862-6647;
Bryan.Lee@dowjones.com

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

INDIA: Enron, Indian utility step up war of words.
By Himangshu Watts

09/10/2001
Reuters English News Service
(C) Reuters Limited 2001.

NEW DELHI, Sept 10 (Reuters) - U.S. energy giant Enron Corp and an Indian utility, locked in a payments battle, stepped up their war of words on Monday.
The Dabhol Power Co (DPC), 65-percent owned by Enron, said in a statement late on Monday the Maharashtra State Electricity Board (MSEB) was being "illogical" in saying high-priced power from the project caused heavy losses to the utility.
Enron has accused MSEB of defaulting on payments for power, but the utility says the outstanding amount could be adjusted against payments due from Dabhol as DPC had not abided by some of its commitments in the contract.
The $2.9-billion plant, India's largest direct foreign investment, has been idling since May, when MSEB, its sole buyer, stopped taking power saying it was too costly.
DPC said its power was not expensive if the plant's capacity was properly utilised, and that it did not cause a heavy loss to the utility, but MSEB Chairman Vinay Bansal said Dabhol's power made the utility lose 13.4 billion rupees last year.
Bansal told reporters on the sidelines of an awards ceremony that the utility suffered the loss because DPC charged a high tariff of eight rupees per kilo-watt hour, which is more than three times costlier than power from other sources.
DPC said its average tariff between May 1999 and May 2001 was 5.64 rupees while the Plant Load Factor (PLF) was 52 percent. Had the PLF been been 90 percent, DPC's tariff would then have been only 4.13 rupees, it said.
"The MSEB chairman is also a member of DPC's board...and is very well aware of DPC's tariff," DPC said.
It said it found it surprising that he had opted to "present DPC's tariff completely out of context."
POWER SHORTAGE
DPC said MSEB faced a shortage of more than 1000 MW of power and could have used electricity from the 740 MW Dabhol project, which has been idling since May, when MSEB, its sole buyer, stopped taking power saying its was too expensive.
Running the plant at 90 percent PLF would have reduced the cost of Dabhol's power, Enron said in the statement.
"...it is clear the MSEB is well in a position to draw power at 90 percent PLF...thus resulting in a most competitive current tariff of 4.40 rupees pwer kilo-Watt hour."
Bansal admitted that MSEB faced a shortage but said a higher PLF would not have made much of a difference to its losses.
"It would be marginally lower, but not very much. You see we bought at eight rupees a unit. Supposing even if it was five rupees a unit, instead of 13-billion loss, it would be a 10 billion," he said.
DPC said Dabhol's power was sold not only to subsidised agricultural users, but also to industrial and commercial customers, who paid a high price for electricity.
"This results in a much average higher revenue realisation for MSEB, and is therefore illogical to suggest the MSEB bears a loss of 13.4 billion rupees on DPC power," the statement said.
It said the tariff could be reduced to 3.80 rupees pwer kilo-Watt hour if state and federal levies on naphtha were reduced.
Enron has announced its intention to sell its 65-percent stake in the Dabhol Power Co following the dispute over payments of power from the 740-MW first phase of the project which was built last year.
The 1,444 MW second phase of the project was 97-percent complete when construction was abandoned due to the dispute.
Apart from Enron, which holds 65 percent in DPC, U.S. Conglomerate, General Electric and construction firm Bechtel each own 10 percent. MSEB owns the remaining 15 percent.

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

Enron to Detail 3rd-Qtr Broadband Financial Results (Update1)
2001-09-10 16:18 (New York)

Enron to Detail 3rd-Qtr Broadband Financial Results (Update1)

     (Adds closing share price.)

     Houston, Sept. 10 (Bloomberg) -- Enron Corp., the top energy
trader, will break out financial data on its ailing Enron
Broadband Services unit in the third quarter, though the unit is
now part of its Wholesale Services division, a spokeswoman said.

     ``At this time, we are planning to have the broadband numbers
visible,'' spokeswoman Karen Denne said. In the past, Wholesale
Services numbers have been reported as a block, with little detail
about specific businesses' performances.

     Power Finance & Risk, an energy publication, reported that
analysts were worried Enron wouldn't detail results of the
broadband business after moving it to the wholesale services
division. The broadband unit had a loss before interest, minority
interests and taxes of $102 million last quarter, compared with an
$8 million loss a year earlier. Sales plunged 89 percent.

     Denne wouldn't say whether financial information for
Wholesale Services' other businesses would be released. They
include Enron Americas, Enron Global Markets, Enron Industrial
Markets, Enron Europe, Enron Networks, Enron Engineering and
Operational Services and Enron Principal Investments. The division
generates most of Enron's revenue growth.

     ``We're very focused on the fact that investors want more
visibility, and we're working on that,'' Denne said.

     Shares of Houston-based Enron rose $1.19 to $32.76.

Avici Systems to Fire 14% of Workforce to Cut Costs (Update3)
2001-09-10 16:15 (New York)

Avici Systems to Fire 14% of Workforce to Cut Costs (Update3)

     (Updates with closing share price.)

     North Billerica, Massachusetts, Sept. 10 (Bloomberg) -- Avici
Systems Inc., a maker of equipment to direct Internet traffic,
said it will cut costs by firing 55 of its 400 employees, or 14
percent of its workforce.

     Avici shares fell 79 cents, or 28 percent, to $1.99 after the
company said it expects a third-quarter loss almost double
analysts' estimates. The stock has fallen 98 percent in the past
year.

     The firings today come as Avici's biggest customers, Qwest
Communications International Inc., AT&T Corp. and Enron Corp., cut
jobs and equipment budgets. The three companies make up more than
three-fourths of Avici's revenue, said Sam Wilson, an analyst with
Merrill Lynch & Co. Inc. Qwest said today it will eliminate 4,000
jobs and reduce its 2002 capital spending to $5.5 billion from
earlier forecasts of $7.5 billion.

    ``I would not say that we lost any customers over the
quarter,'' said Pete Chadwick, vice president of marketing for
Avici. ``They are seeing a little bit less growth and they are
just being more cautious because they are obviously focused on
capital conservation.''

     Last month, Avici retreated from statements that Enron and
Williams Communications Group Inc. will buy $45 million of its
products by mid-2002. Avici is the No. 3 maker of high-speed data-
traffic routers behind Cisco Systems Inc. and Juniper Networks
Inc.

                        Third-Quarter Sales

     Avici said it had fewer and smaller orders than it
anticipated and expects to report third-quarter revenue of
$9 million to $10 million, less than the $22.5 million to
$23.5 million it previously forecast. Sales in the second quarter
of 2000 were $4.36 million.

     The North Billerica, Massachusetts-based company said it
expects to have a third-quarter loss of 40 cents to 42 cents a
share excluding one-time charges. It was expected to lose 23 cents
a share, the average estimate of six analysts polled by Thomson
Financial/First Call.

     The company said it will take one-time charges in the third
quarter of $15 million to $18 million for excess inventory, asset
utilization, severance and ``facility-related'' costs.

     Avici is planning to be profitable in 2003, barring any
worsening in the market, Chadwick said. ``It's really difficult in
this environment to predict that with any certainty.''

     Demand for Internet protocol services, which allow computers
to talk to each other, is expected to continue, ``so customers
will have to start deploying equipment in response to that,''
Chadwick said.

     Avici makes routers, which enable carriers to build networks
to handle the Internet traffic coming through the protocol.

(Avici will hold a conference call and Web cast at 4:30 p.m. EST.
to participate via telephone, dial 877-260-8896 in the U.S., 612-
338-1652 outside the U.S. To hear the Webcast, go to
http://www.avici.com)


Observations on the California Energy Crisis
The White House Writers Group
January 31st

Gray Davis has announced that he will soon announce two energy czars to lead
the state through the current crisis. ?Logical candidates include: Laurel and
Hardy, Abbott and Costello, Beavis and Butthead, and Siegfried and Roy.

The environmentalist Green Party is well-named. ?Thanks to its role in
blocking construction of new power plants, Californians are forking over
plenty of green for energy.

California?s power industry is very Kennedyesque. ?Their message to consumers
is, "Ask not what your energy company can do for you; ask what you can do for
your energy company."

Congress might get involved in California?s energy crisis. ?There?s nothing a
drowning victim needs more than having an anchor thrown to him.

It?s one thing for California politicians trying to solve the energy problem
to go back to the drawing board, but do they have to ask taxpayers to buy
them a new one?

In California, lawmakers are now getting down to details. ?The latest debate
involves what to name the bonds the state will issue to help bail out the
utilities. ?Proposals on the table include: ?Blackout Bonds;Bailout Bonds;
Davis Debts; Blunder Bonds; Fiasco Funds.

###


Matt,

 As you may or may not know, I am the liason in Houston between the Online
Team and Legal, coordinating all responses for counterparty approvals for all
products.  I am asking because until recently I have not been approving
Singapore counterparties to trade any financial products.  It has been my
understanding that there are not problems for any counterparties trading
physical products.  I can continue my practice of not opening Singapore
incorporated counterparties to trade financial products online until I get a
real push from a counterparty that wants to trade financial.  Should that be
my continuing practice?

	Matthias Lee
	11/28/2000 07:38 PM

		 To: Tana Jones/HOU/ECT@ECT
		 cc: Matthias Lee/SIN/ECT@ECT, Angeline Poon/SIN/ECT@ECT
		 Subject: Re: EnronOnline-Singapore Counterparties

Hi Tana

Trust you are well.

OTC derivatives are not regulated in Singapore. The issue is whether a
particular product type may infringe gaming or insurance regulations. This is
particularly pertinent to Weather and Credit, for which I would need to
consult external counsel for definite answers. Is there a new commercial push
to do so at this time? We haven't any Weather and Credit traders here in
Singapore.

As for metals, if they are exchange traded futures contracts (eg. London
Metals Exchange contracts), the trading of gold would be regulated.

There is no category of counterparty that would be particularly problematic.
Capacity issues would be determined by each company's constitutional
documents.

Hope this helps.

Regards
Matt

From: Tana Jones on 11/29/2000 05:42 AM
To: Matthias Lee/SIN/ECT@ECT
cc:

Subject: EnronOnline-Singapore Counterparties

Matt,

Can you let me know if the following products are approved for trading for
Singapore counterparties, and what restrictions, if any, they might have
(like the eligible swap participant rules in the U.S.):

Commodity Derivatives (energy commodity, metals)
Weather Derivatives
Credit Derivatives

Further, would there be any limitation for a Singapore counterparty to trade
any of the products we offer, physical or financial online?  I am going to
attach to this one of our recent excel spreadsheets showing all the products
we trade.

Are there any counterparties that are problematic for derivatives in
Singapore?  For instance, here in the U.S., we flag governmental entities for
no trading until we have a master in place, or upfront due diligence required
before we can approve mutual funds or hedge funds, etc.

Thanks!


The information contained herein is based on sources that we believe to be
reliable, but we do not represent that it is accurate or complete.  Nothing
contained herein should be considered as an offer to sell or a solicitation
of an offer to buy any financial instruments discussed herein.  Any
opinions expressed herein are solely those of the author.  As such, they
may differ in material respects from those of, or expressed or published by
on behalf of Carr Futures or its officers, directors, employees or
affiliates.  ? 2001 Carr Futures

The charts are now available on the web by clicking on the hot link(s)
contained in this email. If for any reason you are unable to receive the
charts via the web, please contact me via email and I will email the charts
to you as attachments.

Crude     http://www.carrfut.com/research/Energy1/crude33.pdf
Natural Gas     http://www.carrfut.com/research/Energy1/ngas33.pdf

Jan WTI/Brent Spread
http://www.carrfut.com/research/Energy1/clf-qof.pdf
Jan Heat Crack     http://www.carrfut.com/research/Energy1/heatcrack.pdf
Jan Gas Crack     http://www.carrfut.com/research/Energy1/gascrack.pdf
Dec/May Heat Spread     http://www.carrfut.com/research/Energy1/hoz-hok.pdf
Jan/Feb Heat Spread     http://www.carrfut.com/research/Energy1/hof-hog.pdf
Dec Gas/Heat Spread     http://www.carrfut.com/research/Energy1/huz-hoz.pdf
Feb Gas/Heat Spread     http://www.carrfut.com/research/Energy1/hug-hog.pdf
Dec/Mar Unlead Spread
http://www.carrfut.com/research/Energy1/huz-huh.pdf

Nat Gas Strip Matrix
http://www.carrfut.com/research/Energy1/StripmatrixNG33.pdf
Nat Gas Spread Matrix
http://www.carrfut.com/research/Energy1/SpreadmatrixNG33.pdf

Crude and Products Spread Matrix
http://www.carrfut.com/research/Energy1/SpreadmatrixCL33.pdf

Scott Mollner Recomendation
http://www.carrfut.com/research/Energy1/recom11-26-01.pdf


Given the growth in EES it has become apparent that it is time to consolidate the risk functions between EES and EWS.  This will provide EES with the systems, resources and risk expertise of the wholesale energy groups necessary for it to continue to grow and take advantage of current market opportunities.

With this in mind and in agreement with the management of EES, two new risk groups inside Enron Americas will be formed to provide EES with pricing, structuring, retail and wholesale commodity risk management, logistics and back-office services.  These groups main function is to provide these services to EES.  We have asked Rogers Herndon, currently Vice President-Trading in the Eastern Power Group to manage this function in the Eastern Interconnect (this includes both gas and power).  Rogers will continue to report to Kevin Presto.  We have asked Don Black, formerly Vice President-EES Risk Management and Sourcing, to manage this function in the Western U.S.  Don will manage this group from Houston and will report to Tim Belden.

These groups will work very closely with EES to pursue shared goals while ensuring close coordination with the wholesale gas and power trading organizations.

These changes are effective immediately.  Please congratulate Rogers and Don on their new roles.

John Lavorato & Louise Kitchen


IntercontinentalExchange
                                                                                Firm Power Price Bulletin
                                                                                For Power Delivered on Tuesday, November  20, 2001
                                                                                (Trade Date of Monday, November  19, 2001)
Click here to access index history .
                                                                                * volume represents sell-side only *

Hub	High	Low	Wtd Avg Index	Change ($)	Vol (Mwh)
Cinergy	         $25.25	         $22.00	         $23.48	-    .85	          51,200
Comed	         $20.25	         $19.00	         $19.61	-    .71	           4,000
Entergy	         $18.00	         $16.00	         $17.20	-   2.49	          14,400
Nepool	         $33.00	         $33.00	         $33.00	-   2.27	             800
Palo Verde	         $18.00	         $14.25	         $15.66	-   1.85	           8,000
PJM-West	         $25.75	         $24.70	         $25.45	-    .14	          51,200
SP-15	         $18.50	         $17.00	         $17.49	-   2.43	           8,800
TVA	         $22.00	         $21.50	         $21.75	-    .30	          12,000

                                                                                Includes all trades done from 6 AM to 11 AM Central Prevailing Time on the trade date specified for financially firm power delivered during the on-peak hours (6 AM - 10 PM CPT for Eastern hubs / 6 AM - 10 PM Pacific Prevailing Time for Western hubs) on the delivery date(s) specified.
                                                                                IntercontinentalExchange is the world's most liquid trading platform for over-the-counter energy and metals.  Active markets include North American power and natural gas, global crude and refined oil products, and precious metals.  Traded instruments include forwards, swaps, and options.
In order to receive the proprietary information contained in this email, you acknowledge and agree that you shall not further disseminate the IntercontinentalExchange Market Data contained herein to any person or entity without the express written consent of IntercontinentalExchange.    Furthermore, you acknowledge that (1) IntercontinentalExchange has exclusive and valuable property rights in this data; (2) IntercontinentalExchange's data is being made available to you only for your own business or personal activities; and (3) you cannot communicate the data, in any form, to any other person or entity without the express written consent of IntercontinentalExchange.
This data is provided to you free of charge.  IntercontinentalExchange reserves the right to cancel this service at any time for any reason or no reason at all.
You agree that IntercontinentalExchange does not make any representations or warranties, express or implied, with respect to the data.
To become an Exchange Participant or inquire about the indices, please contact sales@intcx.com .
To unsubscribe from this service, click here unsubscribe .
                                                                                ?Copyright IntercontinentalExchange, Inc. 2001, All Rights Reserved.


INDIA: Indian states to issue bonds to pay utilities dues.
Reuters English News Service, 07/06/01
Factiva Energy Digest - July 6, 2001.
Factiva Energy Digest, 07/06/01
Commodities Review:Coffee Hits Another Low,$450/Ton Eyed
Dow Jones Commodities Service, 07/06/01

INDIA: Indian states to issue bonds to pay utilities dues.

07/06/2001
Reuters English News Service
(C) Reuters Limited 2001.

NEW DELHI, July 6 (Reuters) - Indian states have agreed to issue bonds to
help bankrupt electricity boards pay $8.8 billion owed to federal utilities
but they persuaded the government to cut part of the money due, Junior Power
Minister Jayawanti Mehta said.
The move is seen as a vital step toward putting the ailing utilities back on
the road to financial health and reforming the power sector.
"There has been an agreement. The states have agreed to issue bonds," she
told reporters late on Friday after a meeting of the Empowered Group of chief
ministers and energy ministers of several states.
The group was set up in March after Prime Minister Atal Behari Vajpayee met
chief ministers of all the states and urged them to reform their utilities,
which are expected to report a combined loss of $5.1 billion this year.
Officials said the chief ministers in the group and the federal Power
Minister Suresh Prabhu will discuss the proposal with heads of other states
before the proposal is finalised.
The state utilities' debt comprises a principal amount of about $5.3 billion
and a surcharge of about $3.4 billion levied as interest.
The federal government had offered to waive 50 percent of the surcharge and
allow states to issue tax-free bonds bearing an annual interest rate of 8.5
percent for the rest of the amount.
Mehta said New Delhi had agreed to the states' demand that 60 percent of the
surcharge be waived instead of the 50 percent proposed by the federal
government.
This and some other concessions granted to the states had imposed an
additional burden of 20 billion rupees ($425 million) on the federal
government, she said.
Mehta said the states had also agreed to set up committees to review tariffs.
State utilities supply free or heavily subsidised electricity to farmers and
charge a hefty fee for power given to commercial customers.
Heavy losses and widespread theft has made the state power boards bankrupt
and unable to pay power producers for electricity.
Default by the state utility in the western state of Maharashtra prompted
U.S. energy firm, Enron Corp, to issue a preliminary termination notice for
the $2.9-billion Dabhol Power plant which is India's largest foreign
investment.

Factiva Energy Digest - July 6, 2001.

07/06/2001
Factiva Energy Digest
Copyright (c) 2001 Dow Jones Reuters Business Interactive Ltd., trading as
Factiva.

OIL & GAS HEADLINES
*OPEC Secretary-General Says Resumption of Iraqi Exports Unlikely to Affect
Prices
*U.S. Energy Department Bucks American Petroleum Institute, Showing 11th U.S.
Weekly Gasoline Build
*Brazil Petrobras Global Offer to Close on July 18
*Tanker Body Reports 42 Accidents in First Half
POWER & UTILITY HEADLINES
*Fiat Says Italenergia Filed for Montedison Shareholders Meeting
*Italy Watchdog Undecided on Italenergia/Montedison
*New Power Adds Customers With Two Deals
REGULATORY & ENVIRONMENT HEADLINES
*Germany Sets Up Power Grid Competition Watchdog
*Belgium Government Holding Up Gas Market Opening
*Energy Regulatory Commission Judge Pushes for California Refund Plan Friday
*California Asks SEC to Review PG&E Utility Transfers
*Bankrupt PG&E Seeks Approval to Pay Franchise Fees
*EU Fears for Climate Deal After Australia Talks
**************************************

OIL & GAS
*OPEC Secretary-General Says Resumption of Iraqi Exports Unlikely to Affect
Prices
INTERLAKEN, Switzerland (Reuters) - OPEC Secretary-General Ali Rodriguez said
on Friday a resumption of Iraqi oil exports following a U.N. extension of the
oil-for-food deal was unlikely to affect current oil prices.
"Before Iraq closed production the situation was stabilized and the price was
falling a bit," he told reporters on the sidelines of a business conference
in Interlaken. "OPEC took the decision to maintain production levels and now
the price is oscillating more or less around $25 which is the objective of
OPEC. Now after the United Nations decision (to extend the oil-for-food deal)
the situation is the same."
Iraqi U.N. Ambassador Mohammed Aldouri said on Thursday that Baghdad had
accepted the U.N. decision to extend the oil-for-food program for another
five months to November 30. But Aldouri delayed until next week the signing
of the memorandum of understanding to extend the program, citing a "minor
technical issue" that needed to be resolved.
*U.S. Energy Department Bucks American Petroleum Institute, Showing 11th U.S.
Weekly Gasoline Build
NEW YORK (Reuters) - U.S. gasoline stocks increased for the 11th straight
week, new government data showed Thursday, evidence that demand may not be
recovering as much as an industry report showed earlier in the week, analysts
said. Gasoline stocks rose 0.9 million barrels to 221.6 million barrels for
the week ending June 29, according to Energy Information Administration, the
statistics branch of the Department of Energy. EIA gasoline stocks are now
12.4 million barrels greater than this time last year. The government data
were delayed one day by the U.S. Independence Day holiday Wednesday.
The EIA build countered a draw of more than 2.5 million barrels shown in
industry data earlier in the week in the American Petroleum Institute's stock
report. API implied demand was 9.6 million barrels a day, up from 8.56
million barrels a day the week before. Both reports showed big crude draws.
EIA had a draw of 4.8 million barrels while API had a 4 million barrel draw.
But both showed crude stocks were roughly at 310 million barrels, much higher
than stocks this time last year. EIA showed crude stocks nearly 20 million
barrels greater than last year, while API showed crude stocks are more than
18 million above last year. Both reports showed builds in distillates, though
EIA showed a build of 1.6 million barrels opposed to API's build of nearly 2
million barrels.
*Brazil Petrobras Global Offer to Close on July 18
RIO DE JANEIRO (Reuters) - Brazil's state oil giant Petrobras said on
Thursday that a global offering of about 2 billion reais ($800 million) of
its shares will be closed on July 18. Brazil's National Development Bank
(BNDES) said earlier this week that it had filed a request with U.S. and
Brazilian authorities to sell the Petrobras shares in its portfolio. The 36
million preferred shares are equivalent to 8% of voting stock or 3.3% of
total capital. If demand is strong, the BNDES said on Thursday that the offer
could be extended to include a further 5.4 million preferred shares.
Coordinators of the sale and analysts said on Thursday that they expect
strong demand for the shares due to the high international price of oil and
the company's increasing transparency.
*Tanker Body Reports 42 Accidents in First Half
LONDON (Reuters) - The tanker industry recorded 42 shipping accidents in the
first half to 2001, over half of which involved collision, fire or explosion
and a quarter resulted in pollution, the tanker federation Intertanko said
this week. "Whilst naturally concerned over the 42 incidents, some small
satisfaction is taken from the knowledge that the figures for the last six
months continued to follow the downward trend of the last few years",
Intertanko MD Peter Swift told Reuters.
Of the 42 incidents this year that Intertanko compiled from Lloyds casualty
reports, 12 were collisions, 11 were fires or explosions and nine were
groundings. Fires and explosions have accounted for just 8% of incidents over
the last 22 years, according to Intertanko figures, so the 11 incidents
reported in the first half is an unusually high proportion.
**************************************

POWER & UTILITY
*Fiat Says Italenergia Filed for Montedison Shareholders Meeting
MILAN (Reuters) - Fiat CEO Paulo Cantarella said on Friday the Fiat-led
Italenergia consortium had formally presented the documents necessary to call
a Montedison shareholders meeting. "We have presented everything," he said on
the margins of a press conference to announce a joint venture with IBM. "As
regards our formal obligations, there is nothing more to do."
Italenergia, which on Monday declared it controlled 52% of Montedison's
capital, had called on Montedison to hold an extraordinary shareholders
meeting to kick out the current management. At a board meeting on Wednesday,
Montedison's board said it refused to call the meeting as the official
procedures were not correct.
*Italy Watchdog Undecided on Italenergia/Montedison
ROME (Reuters) - Italy's competition watchdog on Friday said it had yet to
decide if Italenergia's acquisition of a controlling stake of Montedison fell
under their jurisdiction to evaluate or the European Union's. "We are
evaluating first, as we always do, if we are the competent institution," said
Giuseppe Tesauro, the head of Italy's Antitrust on the sidelines of a
conference, in response to reporters questions on whether they will look into
the deal or the EU. "We have 30 to 45 days to decide."
Italenergia, which is lead by car maker Fiat and includes France's energy
giant EDF, on Monday declared it controlled 52% of agro-energy conglomerate
Montedison's capital.
*New Power Adds Customers With Two Deals
NEW YORK (Reuters) - New Power Co., a national energy provider partly owned
by powerhouse Enron Corp., said on Thursday it plans to make two separate
acquisitions that would increase its customer base by about 20% and raise its
visibility in Pennsylvania and Ohio. Financial terms of the agreements with
AES Direct, the retail marketing subsidiary of independent power company AES
Corp., and with CoEnergy, a unit of Michigan-based DTE Energy, were not
disclosed.
Purchase, New York-based New Power, a unit of NewPower Holdings Inc., said
the deals would add a total of 121,000 electric and natural gas customers. At
the end of the first quarter, it had about 631,000 customers, a company
spokeswoman said. New Power said it signed an agreement to buy AES Direct's
customer base and related assets, including natural gas inventory, supply and
transportation contracts as well as billing and customer service operations.
It also is buying Ohio-based customers from CoEnergy, gaining entry into
service areas of four additional utilities.
**************************************

REGULATORY & ENVIRONMENT
*Germany Sets Up Power Grid Competition Watchdog
BONN (Reuters) - Germany's federal cartel office is about to set up a
department to stamp out anti-competitive practices in power grid operations,
a spokesman said on Friday. "The department will deal with barriers to free
access to the electricity grids," spokesman Stefan Siebert told Reuters. "It
will take up its work this month and probably have four staff," he added.
Cartel office president Ulf Boege announced the installation of the
department in a speech issued along with the office's annual report on
Thursday. He said three years after market liberalization, established
utilities were still blocking competition. "These companies have developed a
whole array of measures to illegally prevent competition from taking place,"
he said.
There have been numerous complaints about excessive grid access and switching
fees along with other bureaucratic complications due to low voltage grid
owners owning the "last mile" to the customers' site or home use to
discourage alternative suppliers.
*Belgium Government Holding Up Gas Market Opening
AMSTERDAM (Reuters) - Belgium's move towards opening up its gas market to
competition is being slowed because of government delays in implementing key
legislation, a senior official of the country's energy regulator said on
Friday.
"Basically we are waiting for the decrees (from the government)," Jean-Paul
Pinon, director of technical operations for gas at regulator CREG, told
Reuters on Friday at the sidelines of a conference. "The Gas Act which is
expected to come in this summer gives an indication of how the market can be
organized, but it gives no indication of when this will happen - the decrees
will do that." Pinon said the government was presented with proposals in
October but had yet to give any indication of when it intends to publish the
decrees. "I am amazed the first decree has not been published yet. The market
is not liberalized because the decrees have not been enacted", he said. "The
Gas Act will give more freedom to liberalize through the decrees."
*Energy Regulatory Commission Judge Pushes for California Refund Plan Friday
WASHINGTON (Reuters) - Negotiations over refunds of billions of dollars for
Western electricity entered a critical stage Thursday, with the
administrative law judge overseeing the talks threatening to issue his own
plan Friday unless progress was made. Curtis Wagner, the chief judge at the
Federal Energy Regulatory Commission (FERC), also said a public hearing could
be quickly scheduled for Sunday or Monday if necessary to discuss his
proposed settlement plan for California and other Western states.
California has asked FERC to order refunds worth some $9 billion for alleged
overcharges for wholesale electricity during the past year. In total, the tab
for the region's demands runs closer to $15 billion, counting the states of
Washington, Oregon and others. Western states, plus independent generators,
major utilities and other parties, are involved in the refund talks.
*California Asks SEC to Review PG&E Utility Transfers
SACRAMENTO, Calif. (Reuters) - California's attorney general asked federal
regulators Thursday to scrutinize PG&E Corp. for potential abuses in the
transfer of billions of dollars from its bankrupt utility Pacific Gas and
Electric. Attorney General Bill Lockyer filed a petition in Washington D.C.
urging the Securities and Exchange Commission (SEC) to apply federal
regulatory oversight to determine whether the transfers helped trigger the
utility's decision to file for bankruptcy protection in April.
The SEC currently exempts San Francisco-based PG&E Corp. from almost all
requirements and review based on the holding company's position that it is an
interstate entity, Lockyer said. But the petition said because PG&E Corp.
controls more than $13 billion in assets outside California and is pursuing
business activities in at least a dozen other states it is open to federal
review under the Public Utility Holding Company Act.
*Bankrupt PG&E Seeks Approval to Pay Franchise Fees
SAN FRANCISCO (Reuters) - Pacific Gas & Electric Co. on Thursday said it
filed a motion with the U.S. Bankruptcy Court here for authorization to
assume more than $76 million in 510 franchise fee agreements with California
cities and counties. The utility, a subsidiary of San Francisco-based PG&E
Corp., filed for Chapter 11 bankruptcy protection on April 6. The company
needs the bankruptcy court's approval to make the franchise fee payments to
the cities and counties, most of which will be due in the first quarter of
2002, said Ron Low, a spokesman for the utility. A hearing on the motion is
set for July 31, he said
*EU Fears for Climate Deal After Australia Talks
SYDNEY (Reuters) - The European Union raised concerns about global climate
talks in mid-July on Friday after failing to bridge a gap with Australia over
how to deal with Washington's rejection of the Kyoto global warming pact. In
talks with a visiting EU delegation, Canberra stuck by its view the agreement
between industrialized countries to cut greenhouse gas emissions was dead
without U.S. support, Environment Minister Robert Hill said.
With Japan also preferring to bring the world's top polluter back into the
fold before pressing on with Kyoto, Belgian Energy Minister Olivier Deleuze
acknowledged it would be tough to win a consensus at the next world climate
talks in Bonn on July 16. "I think that in Bonn there should be negotiations
with success at the end with as many countries as possible and we don't have
this certainty today," Deleuze told reporters in Sydney.
**************************************

Full versions of these and other energy stories are available from Dow
Jones Interactive and Reuters Business Briefing

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

Factiva Contact: Marc Donatiello, +1 609-627-2659,
marc.donatiello@factiva.com.
(Copyright (c) 2001, Dow Jones & Company, Inc.).
Homepage Address: http://www.factiva.com.

Commodities Review:Coffee Hits Another Low,$450/Ton Eyed
By Ian Stephenson and David Elliott
Of DOW JONES NEWSWIRES

07/06/2001
Dow Jones Commodities Service
(Copyright (c) 2001, Dow Jones & Company, Inc.)

LONDON -(Dow Jones)- Robusta coffee futures traded in London fell to another
fresh 30-year low Friday as the glut of coffee on world markets continued to
weigh on the market.
And the market is set to continue even lower short term, barring a frost in
Brazil, as further supplies come onto the market, traders and analysts said.
"The whole market is consumed with coffee, wherever you look it is there," a
Liffe coffee broker said.
"We're in a downward spiral and there's nothing out there to stop us going
lower still," said another broker.
Despite hovering above record low prices for some time, producers aren't
being deterred from producing or selling. And as the coffee continues to
trickle onto the market the gradual erosion in prices is set to continue,
with $450 a metric ton a possible target.
The benchmark September robusta coffee contract on Liffe ended at $540/ton
Friday, having set a new low of $532/ton.
"Technically the market is oversold but such considerations appear to have
little impact in the face of overwhelming supply of robusta (coffee). For
this reason, the chances of a meaningful recovery are slight and the talk of
$500/ton or $450/ton on (September) becomes even louder," one brokerage said
in its daily report.
Apart from the fall in the level of the Brazilian real, Liffe coffee is under
pressure from constant origin selling - with India, Uganda, Vietnam and India
all noted current sellers - and the lack of any frost in Brazilian coffee
growing regions.
And Brazil's coffee belt is seen safe from any crop damaging frost at least
until July 20, according to Sao Paulo weather forecasters Somar Meteorologia.
Temperatures may cool again from July 16, "but we're not calling for any
frost risk yet," said one Somar meteorologist Friday.
Brazil's frost season lasts into August, but as time ticks by, the risk of
crop damage recedes, traders said.
The Brazilian real's recent fall has been a major part of the recent falls on
Liffe coffee, traders said, encouraging producers to sell onto
dollar-denominated markets. Brazil is reported to have around 10 million-11
million bags of robusta coffee to sell, they said.
And the outlook for robusta coffee prices is no better long term, traders and
analysts said.
Some analysts had predicted that the low prices would cause producers to cut
back or to move out of coffee production, but with the vast increase in
Vietnamese production in the past 10 years, little impact is expected if
there are any cut backs, said others.
There are plans to remove less productive trees in Vietnam, but this is
likely to be offset by younger trees in more productive areas reaching
maturity, said one analyst.
In the long term, participants believe the low prices will see producers
being less able to add inputs, such as fertilizers and pesticides, which may
help to stabilize production, but this is unlikely to cause the dramatic
shift in supplies that is needed to lift world prices.
LME Copper Hits Two-Year Low As Stocks Surge
Elsewhere, London Metal Exchange copper fell to a fresh two-year low Friday
as early weakness was compounded by another steep invenventory hike before
strong trade buying and bargain hunting lifted prices for the close.
Speculator selling caused a sharp slump in the aluminum market overnight in
Asia and leant pressure to the already nervous copper market, but it wasn't
until the release of London Metal Exchange stock data that prices hit the
one-year low at $1,552/ton.
Copper stocks rose a further 6,525 tons Friday, bringing total stocks to
503,650 tons, a rise of 76,550 tons since June 22.
Although the move has been widely predicted, such substantial stock builds
will still have a bearish effect on prices short term, an LME floor dealer
said.
"You can't expect people to ignore stock jumps like this even if they have
been expecting them for a while," he said.
Unconfirmed talk is that major trade house Enron is behind much of the stock
build, in an effort to reduce the market's nearby supply tightness and
alleviate the large short positions they are thought to have built up on the
July-for-a-week spread.
When questioned, Enron declined to comment.
However, the builds aren't thought to be over yet, said a London-based
analyst, predicting that another 30,000 to 40,000 tons of copper are set to
enter warehouses over the next two weeks.
LME three-month copper ended the late kerb $2.75/ton higher at $1,562.75/ton.
-By Ian Stephenson and David Elliott, Dow Jones Newswires; 44-20-7842-9358;
ian.stephenson@dowjones.com -0- 06/07/01 17-00G


Nancy, you had the resolutions.  Where are we on this issue?

RFR

To: Rafael Rangel/NA/Enron@Enron, Sara Shackleton/HOU/ECT@ECT
cc: Samantha Boyd/NA/Enron@Enron

Subject: Enron de Inversiones de Energia S.C.A. (an Argentine company) (EDIDE)

Rafael,
Any update on this?
Sheila
---------------------- Forwarded by Sheila Glover/HOU/ECT on 06/23/2000 08:29
AM ---------------------------

	From:  Sheila Glover                           06/07/2000 08:53 AM

To: Rafael Rangel/NA/Enron@Enron
cc: Sara Shackleton/HOU/ECT@ECT, Susan Flynn/HOU/ECT@ECT
Subject: Enron de Inversiones de Energia S.C.A. (an Argentine company) (EDIDE)

Rafael,
I send the request, dated 6/2/00, to Morgan Stanley to Contribute the shares
from EPCA to EDIDE and then Convert EDIDE's shares to ordinary WHEN the
account for EDIDE is open.  Kelly has forwarded a copy to you.

My understanding from Susan is that they are awaiting registration materials
from you.  Please let me know when Legal can expect to receive these.
Thanks. Sheila
---------------------- Forwarded by Sheila Glover/HOU/ECT on 06/07/2000 08:48
AM ---------------------------

	From:  Sheila Glover                           05/25/2000 11:02 AM

To: Sara Shackleton/HOU/ECT@ECT, Ted Murphy/HOU/ECT@ECT, Donna
Lowry/HOU/ECT@ECT, Theresa T Brogan/HOU/ECT@ECT, Aneela Charania/HOU/ECT@ECT,
Susan Flynn/HOU/ECT@ECT, sheung.tam@ms.com
cc:
Subject: Enron de Inversiones de Energia S.C.A. (an Argentine company) (EDIDE)

---------------------- Forwarded by Sheila Glover/HOU/ECT on 05/25/2000 11:00
AM ---------------------------

Rafael Rangel@ENRON_DEVELOPMENT
05/25/2000 10:48 AM
To: Sheila Glover@ENRON_DEVELOPMENT
cc: Danthea Dumayas/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT,
florencia.groppo@hds.com.ar, Veronica
Perez/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
Subject: Re: Contacts

Corrections to #4 below.  Originally had EPCA, should be EDIDE.

RFR

Rafael Rangel
05/25/2000 10:20 AM
To: Sheila Glover@ENRON_DEVELOPMENT, Don Overby@ENRON_DEVELOPMENT
cc: Danthea Dumayas/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT,
florencia.groppo@hds.com.ar>, Veronica Perez

Subject: Re: Contacts

Sheila, as discussed yesterday, I need to do the following:

Open a brokerage account at Morgan Stanley for Enron de Inversiones de
Energia S.C.A. (an Argentine company) (EDIDE)
This account will hold ADRs that will be contributed or transferred into its
account by Enron Pipeline Company-Argentina S.A.  (EPCA)(account #038-088357)
at Morgan Stanley.
EPCA will contribute 431,300 ADRs in Transportadora Gas del Sur (TGS) into
EDIDE's new account.  That contribution represents the capital contribution
that EPCA is obligated to make under the capital increase resolution dated
February 20th, 2000.
After the ADR's are transferred into EDIDE's accounts, EDIDE will need to
convert such ADR's into ordinary Class B shares in TGS so that they can be
registered accordingly in Argentina.

Sheila, I am forwarding a hard copy of this e-mail with appropriate support
(corporate resolutions authorizing me to open this account, resolution
authorizing the increase in capital and some forms that I had Eduardo
Ojea-Quintana (President of EDIDE) sign).

Please review and advise of what else you need to finalize this transaction.

Best Regards,

RFR

---------------------- Forwarded by Rafael Rangel/ENRON_DEVELOPMENT on
05/25/2000 09:50 AM ---------------------------

Rafael Rangel
05/24/2000 05:50 PM
To: Sheila Glover@ENRON_DEVELOPMENT
cc: Danthea Dumayas/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT

Subject: Re: Contacts

Sheila, finally ready to open up the account at Morgan Stanley for EDIDE so
that EPCA can transfer the correct amount of ADRs.  I have the Corporate
Resolution from EDIDE.  I understand that the contact at Morgan Stanley has
changed.  Please advise.

RFR

To: Danthea Dumayas/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Rafael
Rangel/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc:

Subject: Contacts

I will be out on maternity leave soon (hopefully).  In my absence, please
call Sheila Glover (3-3210) for any questions that you may have.  If you just
need a copy of an old report, please call Aneela Charania at 3-0951.

Thanks,

Terri
3-9899


[IMAGE]
						[IMAGE]
		[IMAGE]				[IMAGE]
[IMAGE]	[IMAGE]			[IMAGE]	[IMAGE]	[IMAGE]
[IMAGE]	[IMAGE]			*Restrictions apply.  See site for details.  	[IMAGE]	[IMAGE]
[IMAGE]	[IMAGE]	[IMAGE]	[IMAGE]	[IMAGE]	[IMAGE]	[IMAGE]