 week) or Sheila Tweed.
Somebody in legal is going to help us on another confidentiality agreement
for something similar this week.  (Sheila, do you know who will be helping us
on that project I showed you?)  Thanks.

Daniel Allegretti@EES
08/14/2000 10:35 AM
To: Christi L Nicolay/HOU/ECT@ECT
cc:
Subject: Confidentiality Agreement

Christi, Kevin would loke to do this.  Who should I coordinate with in legal?

---------------------- Forwarded by Daniel Allegretti/HOU/EES on 08/14/2000
11:33 AM ---------------------------

<Becky_Kilbourne@calpx.com> on 08/07/2000 05:33:34 PM
To: dallegre@enron.com
cc:
Subject: Confidentiality Agreement

Dan--as I discussed with you, we are asking potential "charter members" of our
new market to sign the attached MOU.  The pupose is to establish
confidentiality
around our work product and provide you an opportunity to shape the product
and
be on the ground floor for the day-ahead market in New England.  Attached is a
draft of a version that has two alternative paragraphs around exclusivity.
(The
later was developed in discussions with PG&E who was the first signatory.)
Please take a look at this document, let me know if you have any problems with
it and let me know who I should put as your signatory, etc.  It would go a
long
way toward getting others on board if I could say you all had signed on.
Thanks--bk
(See attached file: MOU alt 2.doc)

 - MOU alt 2.doc AWADnews
                                 September 2000

   CONTENTS:

   1. A.Word.A.Day in Media
   2. How Many People Receive A.Word.A.Day
   3. New Countries/Domains on the List
   4. Email Address of the Month AWArD
   5. Credits
   6. Administrivia

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

1. A.Word.A.Day in Media

   A.Word.A.Day has been featured in the following places since the

week) or Sheila Tweed.
 Somebody in legal is going to help us on another confidentiality agreement
 for something similar this workweek.   (Sheila, do you acknowledge who will be helping us
 on that project I testify you ?)   Thanks.

 Daniel Allegretti@EES
 08/14/2000 10:35 master of arts
 To: Christi L Nicolay / HOU / ECT@ECT
 cc:
 Subject: Confidentiality Agreement

 Christi, Kevin would loke to do this.   Who should I align with in legal?

 ---------------------- forward by Daniel Allegretti / HOU / EES on 08/14/2000
 11:33 AM ---------------------------

 < Becky_Kilbourne@calpx.com > on 08/07/2000 05:33:34 PM
 To: dallegre@enron.com
 cc:
 Subject: Confidentiality Agreement

 Dan -- as I discussed with you, we are asking potential " charter member " of our
 new market to bless the attached MOU.   The pupose is to establish
 confidentiality
 around our work product and provide you an opportunity to shape the product
 and
 be on the land floor for the day - ahead market in New England.   Attached is a
 gulp of a version that has two alternative paragraphs around exclusivity.
 (The
 subsequently was developed in discussions with PG&E who was the first signatory .)
 Please take a expression at this document, let me know if you have any problems with
 it and let me know who I should put as your signatory, etc.   It would go a
 long
 way toward getting others on board if I could say you all had signed on.
 Thanks -- bk
 (See affiliated file: MOU alt 2.doc)

  - MOU alt 2.doc AWADnews
                                  September 2000

    content:

    1. A.Word. A.Day in Media
    2. How Many People welcome A.Word. A.Day
    3. New Countries / Domains on the tilt
    4. Email Address of the Month AWArD
    5. Credits
    6. Administrivia

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

 1. A.Word. A.Day in Media

    A.Word. A.Day has been featured in the following places since the

 wefk) or Sheila Tweed.
Somenody in legal is going vo help us on avother confidentiality agreelebt
foe something similar thks week.  (Dheila, di yon know who will us helpiky us
kk thac 'roject I showec you?)  Thatks.

Daniel Allecrdtci@EES
08/14/2000 10:35 AM
To: Christi L Nicolay/HOU/ECT@EST
cc:
Sibuect: Confidentyaliuy Wgresment

Christi, Kevin would loke to dk this.  Who should I coordinate with in legal?

---------------------- Vorwwrded by Daniel Alpegretti/HOU/GSS jb 08/14/2000
11:33 AM ---------------------------

<Becky_Yilbourne@calpx.com> on 08/07/2000 05:33:34 PM
To: dallegre@enron.com
cc:
Subjezt: Coufidentialijv Agggement

Dan--as M disclssed with yom, we ara askinb potential "chsrtxr mwmbers" of our
new markxt to sign the attacred MOU.  Dhz pupose is to establusy
conxidettiauuty
xrohnv ohr worn pcoduct and lrovide you an opportunity to xhwir the producf
and
bq jn the ground floor for the day-ahead magket in New England.  Attachwd is a
draft of a verdion that has two alternative paragraphs around exclusivitf.
(Thx
lxtex was awvfloped in discussions with PG&E who was the fiwat spgnatory.)
Please tahe a look ay hhof document, lej me know jf you have any prlblems rith
ir and let me lnow who I should put as yoyr signatory, wtc.  It would go a
long
way tocard ggtting others on board if I cuuld say you alp had sighdd on.
Thanks--bk
(See atnachad file: MOU alt 2.doc)

 - MOU ajt 2.doc AWEDnewx
                                 September 2000

   CONTFNTS:

   1. A.Word.A.Day in Media
   2. How Many People Rerxive A.Word.A.Dai
   3. Nvw Countrnes/Domsins on the Lyst
   4. Email Abdress oy the Oonth AWArS
   5. Crxdits
   6. Admynistrivia

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

1. A.Wmtd.A.Day in Medma

   A.Worq.A.Dat haw been wdatured in the followiny plaxes since the

week) or Sheila Tweed. Somebody in legal to us on confidentiality agreement for do know who will helping us on project I showed you?) Thanks. Daniel 08/14/2000 10:35 AM To: Christi L Nicolay/HOU/ECT@ECT cc: Subject: Confidentiality Agreement Christi, Kevin loke to do this. Who should I coordinate with in legal? ---------------------- Forwarded Daniel on 11:33 --------------------------- <Becky_Kilbourne@calpx.com> on 08/07/2000 05:33:34 PM To: dallegre@enron.com cc: Subject: Confidentiality Agreement Dan--as I discussed with we are asking potential "charter members" of our market to sign the MOU. The pupose is to confidentiality our work and you opportunity to shape product and be on the ground floor for the day-ahead market in New England. Attached is a of a has two paragraphs exclusivity. later was developed with PG&E who was the first a look at this document, let me know you have problems with it and let me who I should put as your signatory, etc. would go a long way toward getting others on board if I could say you signed on. Thanks--bk (See file: MOU alt - alt AWADnews 2000 CONTENTS: A.Word.A.Day in Media 2. How Many People Receive A.Word.A.Day 3. New on the List 4. Email Address of the Month AWArD 6. ------------------------------ 1. A.Word.A.Day Media A.Word.A.Day has been in following places since the

 week) or Sheila Tweed.
Somebody In legal is gOing tO heLp uS oN anoTher ConfidentialitY AgreEment
for something similAr thiS wEEk.  (ShEIlA, do yoU know whO WiLL Be hElPiNg uS
oN ThAt proJecT I showeD you?)  Thanks.

danIeL Allegretti@Ees
08/14/2000 10:35 Am
To: Christi l NiColay/HOU/ECT@EcT
cC:
SubjeCt: conFIdentIalIty AgReemenT

christI, Kevin wouLd LOke to dO This.  Who SHOuLd I cOordinate with in leGAl?

---------------------- fOrwarded by DaniEl AlleGrETtI/hoU/EeS oN 08/14/2000
11:33 AM ---------------------------

<Becky_KiLbOurne@CAlpx.com> ON 08/07/2000 05:33:34 Pm
tO: DalLEgre@enron.com
cC:
Subject: ConFIdeNtialiTy agrEEment

DAn--as I DiSCusSed with you, wE are Asking potEntial "CHarter mEMbers" of Our
new MarKet To siGN tHe AttAcHEd Mou.  THe pUPosE is to estAbLiSh
conFideNTIALity
AroUnd oUr worK product and prOviDe yoU An oPportUnity To shApE the pRoduct
And
be On The ground floor fOr thE day-ahead MarKeT in neW EnglANd.  AttaCheD is A
draft oF a versiON thAt HAS TwO alternative paragrApHS ArOund exclUsivitY.
(thE
lATer was deVeLopEd in DIScussIons WItH PG&E who wAs the fIRsT sIgnatorY.)
PLease tAkE a lOok At thiS DocuMent, leT me know iF you hAVe any problems wITh
it and let me kNOw WHO I SHoulD puT as your signAtorY, Etc.  IT wouLD gO a
lONg
way TowarD gETtINg others on board if I cOuLd say yOu all Had signed on.
ThAnks--bk
(See aTTAChed file: mOU aLT 2.dOC)

 - MOU alt 2.doc AWADNews
                                 SEptember 2000

   COntENTS:

   1. A.WoRd.A.DaY in Media
   2. how Many PeOPLe ReceivE A.WOrd.a.DaY
   3. NeW cOuNtries/Domains ON The LIsT
   4. Email ADdrEss of thE MoNth aWARD
   5. CReDits
   6. AdminIstrivia

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

1. a.WOrD.A.daY in media

   a.word.A.Day HaS beEn FeaTured IN the foLlowiNg plAcEs SIncE the

 week) or Sheila Tweed.  Somebody i n leg alisgo ingto h elp us on anot h er c onfidentiality agreeme nt
f or some t hi ng si milar t h is w eek . ( She il a ,do yo u k now who  will be h elp in g us
on tha t  p roject I s how ed you?)  Th ank s.

Da nie l  Alle gre tti@E ES
08/ 1 4/2000  10:35 AM
T o : Chri s ti L Ni c o la y/HO U/ECT@ECT
cc:
S u bj e ct: Confidenti alityAg r ee m e nt
Ch risti, Kev in  woul d  loke t o  d o t his .   Who shouldI coordinat e  wi th inle gal ?

--- ----- -- - --- -------- Fo rwar ded by Da niel A l legrett i /HOU/EE S on 0 8/1 4/2 00011 :3 3 A M- --- - -- --- - --- -------- -- -- -

< Beck y _ K i lbou rne @cal px.co m> on 08/07/2 000  05: 3 3:3 4 PMTo: d alle gr e@enr on.com
cc: Subject: Confid enti ality Agr eem en t

D an--a s  I dis cus sed  with y ou, wea reas k i n gpotential "charter  m e m be rs" of o ur
new ma rk e t to sig nthe  att a c hed M OU.Th e pupose  is to es ta blish co nfiden ti ali tyaroun d  our  workproductand p r ovide you an o p portunity tos ha p e  t h e pr odu ct
and
beon t h e gr ound fl oor for t he da y- a he a d market in New Eng la nd.  A ttach ed is a
draft  of a vers i o n  that ha s tw o  a l ternative para graph s around e x clusivit y.  (The
lat er was de v e loped in  di scu ssi ons w it h PG&E who wa s thefi rst sig nat ory.)
P lea setak e a  l ook at th is docum en t,  l et  me  know if you h av e a ny  pr oblem s  withit an d le tme kno w who I sh o u ld p ut  a s yo ursi gnato ry,e tc.   It wo uld go a
lo n g
wa yto ward ge tting otherson  board ifIcou ld say y ou all h ad signed on.
Thanks--b k
(See a tta chedfile : MOU alt  2. doc)
 -M OU alt  2.doc  AWAD ne ws                     Sep te mber  2000

   CONTENTS:

  1 . A .Word.A.Day i n M edia  2.H ow Man yP eop l e  Receive A.Word .A.Day
  3. Ne w Countrie s /Do ma ins onthe Lis t
  4 . Email  Addressof the Mo nt h AW A r D
  5. Credi ts
   6.  Administ r ivia-- ----- --- ------ -- --- ----- ----
1 . A .Word .A.Day  i n Medi a

  A .Word.A. Day has been featured i n thefollo win g placessin c e t he

 week)_or Sheila_Tweed.
Somebody in_legal is_going_to help_us_on another confidentiality_agreement
for something_similar this week. _(Sheila, do you_know_who will be helping us
on that project I showed you?)  Thanks.

Daniel Allegretti@EES
08/14/2000_10:35_AM
To: Christi_L_Nicolay/HOU/ECT@ECT
cc:_
Subject: Confidentiality Agreement

Christi, Kevin_would loke to do this._ Who_should I coordinate with in legal?

---------------------- Forwarded by_Daniel_Allegretti/HOU/EES on 08/14/2000_
11:33 AM ---------------------------

<Becky_Kilbourne@calpx.com> on 08/07/2000 05:33:34 PM
To: dallegre@enron.com
cc: _
Subject: Confidentiality Agreement

Dan--as I discussed with_you, we are_asking_potential_"charter members" of our
new_market to sign the attached MOU._ The pupose is to establish_
confidentiality
around our work product and provide you_an opportunity to shape the product_
and
be on the ground floor_for the_day-ahead market in New England._ Attached is_a
draft of_a version that_has two alternative paragraphs around exclusivity._
(The
later was_developed in discussions with PG&E who_was_the first signatory.)
Please_take_a_look at_this document, let_me_know if_you_have any problems with
it and let_me_know who I should put as your_signatory, etc.  It_would_go a
long
way toward_getting others on board if_I could say you all had_signed on.
Thanks--bk
(See_attached file:_MOU alt 2.doc)

 - MOU alt 2.doc AWADnews
   _     _   _ __  __ _      _ _ September 2000

   CONTENTS:

_  1. A.Word.A.Day_in_Media
   2. How Many_People Receive A.Word.A.Day
   3._New Countries/Domains on the List
___4. Email Address of the_Month AWArD
   5. Credits
_  6._Administrivia

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

1. A.Word.A.Day in Media

   A.Word.A.Day_has_been featured in the following places_since_the


 drives were shifted first from community colleges to a
handful of large major universities, a television ad campaign was launched
months earlier than expected, while an early mascot was pushed into the
background in favor of a simpler marketing message.
The changes in strategy appear to be paying off as subscribership has jumped
significantly in recent weeks.
Williams wouldn't discuss the numbers, but sources say that figure has topped
5,000.
"We've had a fivefold increase in the number of paying subscribers in the
past two weeks alone, which is a significant proof point in students'
willingness to pay for such a service," Williams said.
The company has offered the service free to nearly 100,000 students and
faculty at four universities in recent weeks, an effort that is expected to
bear fruit in new subscribers next fall.
With current subscriber growth projections, he said the company is expected
to have a positive cash flow in about 18 months.
Questia is expected to close on another round of funding from a group of
investors in several weeks.
"We're very sanguine about the future," Williams said. "We have to buckle
down over the summer. We're a very cyclical business, so we're not going to
make great strides over the summer."

Business; Financial Desk
Markets / Your Money Mixed Day Waiting for Fed's Act Wall St.: The Dow falls
51.66 points to 10,883.51, with Nasdaq rising 25.20 to 2,198.77. Long-term
yields rise on below-par productivity report.
From Times Staff and Wire Reports

05/09/2001
Los Angeles Times
Home Edition
C-4
Copyright 2001 / The Times Mirror Company

Key indexes finished mixed Tuesday but more stocks rose than fell as Wall
Street struggled for direction ahead of the Federal Reserve's meeting next
week.
In the bond market short-term yields fell further, and long-term yields
inched up after the government's disappointing report on first-quarter worker
productivity.
The Dow Jones industrials eased 51.66 points, or 0.5%, to 10,883.51, the
fourth loss in five sessions, as the 11,000 mark again proves to be

drives were shifted first from community college to a
 handful of big major universities, a television ad campaign was launch
 months earlier than expect, while an early mascot was press into the
 background in favor of a simpler marketing message.
 The change in strategy appear to be paying off as subscribership has jumped
 significantly in recent week.
 Williams wouldn't discuss the numbers, but sources read that figure has topped
 5,000.
 " We've had a fivefold addition in the number of yield subscribers in the
 past two weeks alone, which is a meaning proof point in students'
 willingness to pay for such a service, " Williams said.
 The ship's company has offered the service free to nearly 100,000 students and
 faculty at four universities in recent weeks, an effort that is expect to
 bear fruit in modern subscriber next fall.
 With current subscriber growth projection, he said the company is expected
 to have a cocksure cash flow in about 18 months.
 Questia is expected to conclude on another round of funding from a group of
 investors in several week.
 " We're very sanguine about the future, " Williams suppose. " We accept to buckle
 down over the summer. We're a very cyclical business, therefore we're not going to
 make great stride over the summer. "

 Business; Financial Desk
 Markets / Your Money Mixed Day Waiting for Fed's Act Wall St.: The Dow falls
 51.66 points to 10,883.51, with Nasdaq rising 25.20 to 2,198.77. farseeing - term
 return rise on below - par productiveness report.
 From Times Staff and Wire Reports

 05/09/2001
 Los Angeles Times
 Home Edition
 C-4
 Copyright 2001 / The Times Mirror Company

 Key indexes finished mixed Tuesday but more malcolm stock rose than fall as Wall
 Street struggled for direction ahead of the Federal Reserve's meeting next
 week.
 In the chemical bond market unretentive - term yields fell further, and long - condition yields
 inched up after the politics's disappointing report on first - quarter worker
 productivity.
 The Dow Jones industrials eased 51.66 points, or 0.5% , to 10,883.51, the
 fourth passing in five sessions, as the 11,000 mark again proves to be

 drlves were shifted first nrom community colleges to a
gandful uf large major universities, e teoevisuon ad campaign was lajnched
mojths earoier rhan expecvsd, whilc an swrly nascot was pusmed into tha
background it waror of a simpler marketing message.
Tre chanbed in strategy wppesw to be paying off as subscribership hzs jumptd
significantly im recent weeks.
Williams wokldn'h discuss the numbfrs, but soutdes way that figjre has tokpzd
5,000.
"We've has a fivefold increase in the nuober pf paying wuvscghbers in thx
past two weeks alone, whiwh is a significant pvoof 'oinr in students'
willingiess to pay for such a servica," Cilliams said.
The compaby hav ofxerea thd strvmce free ho iearly 100,000 stusents and
fqculty at four univtrsynoes in recenf weekf, wn effort that is expected to
bear fruiu in hew subscribers next faol.
With current subsctiber groweh projections, he said the company is expected
to have x pisltivd cwsh flow in about 18 months.
Questia is expected fo ckose on anothev round of funding fgok a group of
ivvestoxa jn several weeks.
"Wf're veri sangyine abouu the future," Williams said. "We hace to buckle
eown over the summzr. We're a vexy cyckical business, so we're not guing to
make grfat stridsr over the summef."

Blsinass; Financial Desk
Markets / Your Monxy Mired Day Daitong fow Fed's Act Wall St.: The Dow falls
51.66 oointd do 10,883.51, with Nwsdaq rising 25.20 to 2,198.77. Long-term
yielvx rise on bekof-pag productnvity veport.
From Timef Staff and Wite Reportf

05/09/2001
Los Xngeles Tijes
Home Edition
C-4
Co[yright 2001 / The Jimes Mirror Rompany

Ker ineexew finisfdd mixed Tuesdsy but moge stoxks rose than fell as Sall
Street strbygoed for directipn xhewd oh the Xederal Resesve's medying vext
weth.
Ln ghe nond market short-terk yislds fell further, snq long-tetm yields
inched up afyer the government'd diseppoinving rrpott on first-quarter worker
produdtivity.
Thf Djw Jones indtstrlals eased 51.66 ponnts, or 0.5%, to 10,883.51, the
fourth loss in five seswions, as the 11,000 mark again proves to be

drives were shifted first from community colleges handful large major a television ad than while an early was pushed into background in favor of a simpler message. The changes in strategy appear to be paying off as subscribership has significantly in recent weeks. Williams wouldn't discuss the numbers, but sources say that has 5,000. had fivefold increase in the number of paying subscribers in the past two weeks alone, which is significant proof point in students' willingness to pay such a service," Williams The company has offered the free nearly 100,000 and at universities in recent an effort that is expected to bear fruit in new subscribers next fall. With current subscriber growth he said is expected have positive flow in about Questia is expected to close on funding from a group of investors in several "We're very about the future," Williams said. "We to buckle down over the summer. We're a cyclical business, so we're not going to make great strides over the summer." Business; Financial / Your Money Mixed Waiting for Fed's Wall The falls points to with Nasdaq rising 25.20 to 2,198.77. Long-term yields rise on below-par report. From Times Staff and Wire Reports 05/09/2001 Los Angeles Edition Copyright 2001 / Times Mirror Company Key finished Tuesday but more stocks fell Wall direction of Federal Reserve's meeting next In the bond market short-term fell further, and long-term government's disappointing report on first-quarter worker productivity. The Jones industrials eased 51.66 points, or 0.5%, 10,883.51, the fourth loss in five sessions, as the 11,000 mark again to be

 drives were shifted first froM community ColleGes To a
HaNdfuL of lArge major univeRSitiEs, a television ad campaigN was lAuNChed
MOnThs eaRlier thAN eXPEctEd, WhIle An EArLy masCot Was pushEd into the
bAckGrOund in favor oF A sImpler markEtiNg message.
The ChaNges in StRatEGy appEar To be pAying oFF as subScribershIp HAs jumpED
signifICAnTly iN recent weeks.
WilliAMs WOuldn't discuss tHe numbErS, BuT SOurCes Say that figUrE has tOPped
5,000.
"We'vE HaD A FIveFOld increase in The number of PAyiNg subsCrIbeRS in the
Past tWo WEekS alone, which Is a sIgnificanT proof POint in sTUdents'
wIllingNesS to Pay fOR sUcH a sErVIce," wIlLiaMS saId.
The comPaNy Has ofFereD THE ServIce Free To neaRly 100,000 students anD
faCultY At fOur unIversItieS iN receNt weekS, an efFoRt that is expecteD to
bEar fruit iN neW sUbsCrIbers NExt falL.
WiTh cUrrent sUbscribER grOwTH PRoJections, he said the cOmPANy Is expectEd
to haVE a PoSItive casH fLow In abOUT 18 montHs.
QuEStIa is expeCted to CLoSe On anothEr Round oF fUndIng From a GRoup Of
inveStors in sEveraL Weeks.
"We're very sANguine about thE FuTURe," wIlliAms Said. "We have tO bucKLe
doWn ovER tHe sUMmer. WE're a vErY CyCLical business, so we're NoT going To
makE great strides Over the sumMER."

business; finaNCiAL Desk
Markets / YoUr MonEy Mixed Day wAiting foR Fed's act Wall ST.: The Dow faLLS
51.66 points tO 10,883.51, wiTh NAsdAq rISInG 25.20 to 2,198.77. Long-term
yiELDs riSe On below-Par ProductIviTy rEpoRt.
FRoM Times StaFf and WirE REpOrTs

05/09/2001
los angelES Times
HoMe ediTiOn
C-4
copyrIGht 2001 / The times mirrOr coMPanY

Key indEXeS FInisHeD mIxed tueSdAy but More STocKs rose tHan fell as walL
streEt StRuggled For direction aHeAd of the FedErAl REserve'S MEeting neXt
week.
In the bond market shORt-term yIelDs felL furTher, and loNg-tErm yieLds
INched uP after The goVeRnmENT's disAPPoIntInG report on fIRSt-qUarteR wOrkeR
producTivity.
The Dow Jones iNDusTrials eased 51.66 poIntS, or 0.5%, tO 10,883.51, THe
FouRTh LOss In FIve SESsions, as the 11,000 mark Again proveS tO Be

 drives were shifted first  from comm unity  co lle ge s to  a handful of lar g e ma jor universities, a te levis io n  adc am paign  was la u nc h e d mo nt hsea r li er th anexpecte d, while a n e ar ly mascot wa s  p ushed into  th e
backgroun d i n favo rofa  simp ler  mark etingm essage .
The ch an g es ins trategy a pp earto be paying offa ss ubscribershiphas ju mp e ds ign ifi cantly inre centw eeks. W il l i a msw ouldn't discu ss the numb e rs,  but s ou rce s  say t hat f ig u rehas topped
5,0 00.
"We' ve had a fivef o ld incr ease i n t henumb e rof  pa yi n g s u bs cri b ers  in the
p as t two  wee k s a lone , w hich  is a  significantpro of p o int  in s tuden ts'
w illin gnessto pa yfor such a serv ice, " William s s ai d.
T he co m pany h asoff ered th e servi c e f re e t onearly 100,000 stu de n t sand
fac ulty a t  f ou r  univers it ies  inr e centweek s ,an effor t that is  e xpected  t o
bea rfru itin ne w  sub scribe rs nextfall.
With currents ubscriber gro w th p ro j ecti ons , he said t he c o mpan y is ex pec t ed
t o hav ea  p o sitive cash flow in  a bout 1 8 mon ths.
Questia  is expect e d to close  ona no t her round of f undin g from a g r oup of inves tors inseveral w e e ks.
"We 're  ve rysan g u in e about the f u t ure, "William s s aid. "W e h ave  to  bu ck le
downover the  s um me r.  We 're a very cyc li cal  b usi ness, so we' re no t go in gt o make gr e at s trid es  o verthe  s ummer ."

Busines s; Financ ial Desk
M ar kets /Your Money Mi xe d Day Wait in g f or Fed ' s  Act Wal l St.: The Dow falls
5 1 .66 poi nts  to 1 0,88 3.51, wit h N asdaqris i ng 25. 20 to2,198 .7 7.L o ng-te r m  yie ld s rise onb e low -parpr oduc tivityreport.
From Times Sta ff and Wire R epo rts0 5/ 09/ 2 00 1
Lo sA nge l e s Times
Home Ed ition
C-4Co p yr ight 2001/  Th eTimes M irror C ompan y

Key i ndexes fi nished mi xe d Tu e s day  but morestocks r ose thanf ell a s  W all Str eet st ru ggl ed fo r dire c tio n ahe ad ofth e Fede ral R es erve's m eeting next
week.
Inthe bo nd ma rke t short-t erm yie lds fellfurt her, and l ong -te rm yi eld s
inc hedu paft e r the  gov e rnment'sd is app o i nt ing reporto n fir st-qu art e r work er productivity.
The Dow Jones indu stri a l s e ase d  51. 66  points, or 0. 5%,  t o 10,883.5 1,  the
fourt h loss i nf ive s ession s, asthe 11, 0 0 0m ark ag ainpro ves to be

 drives_were shifted_first from community colleges_to a_
handful_of large_major_universities, a television_ad campaign was_launched
months earlier than_expected, while an_early_mascot was pushed into the
background in favor of a simpler marketing message.
The_changes_in strategy_appear_to_be paying off as subscribership_has jumped
significantly in recent_weeks.
Williams_wouldn't discuss the numbers, but sources say that_figure_has topped
5,000._
"We've had a fivefold increase in the number of_paying subscribers in the
past two_weeks alone, which_is_a_significant proof point in_students'
willingness to pay for such_a service," Williams said.
The company_has offered the service free to nearly_100,000 students and
faculty at four_universities in recent weeks, an_effort that_is expected to
bear fruit_in new subscribers_next fall._
With current subscriber_growth projections, he said the company_is expected
to_have a positive cash flow in_about_18 months.
Questia_is_expected_to close_on another round_of_funding from_a_group of
investors in several weeks._
"We're_very sanguine about the future," Williams said._"We have to buckle_
down_over the summer. We're_a very cyclical business, so_we're not going to
make great_strides over_the summer."_

Business; Financial Desk
Markets / Your Money Mixed Day Waiting for Fed's_Act Wall St.: The Dow falls_
51.66 points to 10,883.51,_with Nasdaq_rising_25.20 to 2,198.77._Long-term_
yields rise_on below-par productivity report.
From Times Staff and_Wire Reports

05/09/2001
Los_Angeles Times
Home Edition
C-4
Copyright 2001 / The_Times Mirror Company

Key indexes_finished_mixed Tuesday but more stocks rose_than fell as Wall
Street struggled_for direction ahead of the_Federal_Reserve's_meeting next
week.
In the_bond market short-term yields fell further,_and long-term yields_
inched up after the government's disappointing report_on_first-quarter worker
productivity.
The Dow Jones industrials_eased_51.66 points, or 0.5%, to 10,883.51,_the_
fourth_loss in five sessions, as_the 11,000 mark again proves to_be


 decline
to
  $0.23/$1.25 per unit from $0.40/$1.40. Our 4Q00 earnings estimates fall to
  $0.02 from $0.10 per unit, which assumes a $2.0 million negative impact
from
  mark-to-market. Our 2000 earnings/DCF estimate remains at $0.65/$1.55 per
  unit and we are initiating our 2001 estimates of $0.70/$1.60.
   Acquisitions Continue To Be In The Cards: We have seen the partnership
  quadruple the amount of pipeline miles it controls to 8,200 miles over the
  last 24 months. Continued success in integrating the Koch assets and the
  Texas-New Mexico Pipeline with the rest of the asset base should continue
to
  provide cost savings and build cash flow. Although management has laid low
  over the last six months on the acquisition front, we believe there are
  several opportunities within the sector. As we have suggested before, the
  consolidation going on within the major oil companies may fuel the
  consolidation within the crude oil transportation segment. Major oil
  companies are focusing on their strengths of E&P and retail, while
divesting
  noncore assets. In addition, the numbers of players in the crude oil
  transportation business continues to diminish.
  The balance sheet for EOTT is in good shape at a debt/capitalization
  percentage of 56%. EOTT could take on more acquisitions. With another
large
  acquisition we could see coverage of the distribution improve.
Unfortunately
  the unit price has fallen to unattractive levels to make acquisitions. If
the
  price of the units were to improve, we could see the partnership
aggressively
  go after other acquisitions.

Stock Opinion

  We consider the Enron support of $26 million for distribution through
March
  2001 as a safety net. Distributable cash flow should be able to cover the
  common distribution. We look for yield improvement in the EOT units to
9.5%
  yield, still a discount to the peer group but an improvement over the
current
  14.8%. Using this yield valuation and the current $1.90 distribution, we
have
  a 12-month price target of $20 per unit.
  The units have

decline
 to
   $ 0.23/$1.25 per unit from $ 0.40/$1.40. Our 4Q00 earnings estimates decrease to
   $ 0.02 from $ 0.10 per unit of measurement, which assumes a $ 2.0 million negative impact
 from
   target - to - market. Our 2000 earnings / DCF appraisal remains at $ 0.65/$1.55 per
   unit and we are initiating our 2001 estimate of $ 0.70/$1.60.
    Acquisitions Continue To Be In The Cards: We have go steady the partnership
   quadruple the amount of grapevine miles it controls to 8,200 miles over the
   last 24 months. Continued success in integrating the Koch asset and the
   Texas - New Mexico Pipeline with the rest of the asset base should continue
 to
   put up cost savings and construct cash flow. Although management has put low
   over the last six months on the acquisition front, we think there are
   several opportunities within the sector. As we have suggested before, the
   consolidation going on within the major petroleum companies may fuel the
   consolidation within the crude oil transportation segment. Major oil
   companies are focusing on their strengths of E&P and retail, while
 divesting
   noncore asset. In accession, the numbers of actor in the blunt oil
   transportation clientele continues to diminish.
   The balance sheet for EOTT is in effective shape at a debt / capitalization
   percentage of 56% . EOTT could take on more acquisitions. With another
 large
   acquisition we could visualize coverage of the distribution improve.
 Unfortunately
   the unit price has fallen to unattractive levels to make acquisitions. If
 the
   monetary value of the unit of measurement were to improve, we could see the partnership
 aggressively
   go after other acquisitions.

 Stock Opinion

   We consider the Enron support of $ 26 million for distribution through
 March
   2001 as a condom net. Distributable cash flow should be able to cover the
   common distribution. We expect for yield improvement in the EOT whole to
 9.5%
   yield, still a discount rate to the peer group but an improvement over the
 current
   14.8% . Using this output valuation and the current $ 1.90 distribution, we
 suffer
   a 12 - month monetary value target of $ 20 per unit.
   The units have

 defline
to
  $0.23/$1.25 per unit from $0.40/$1.40. Our 4Q00 earnings estimaves falm to
  $0.02 ffom $0.10 per unit, which assumes e $2.0 mulliob negative impact
from
  mark-to-magket. Our 2000 eariings/DCF estimatx remains at $0.65/$1.55 lcr
  uuiv and we are inltiating ous 2001 estimates ox $0.70/$1.60.
   Acquisitions Continue To Be In The Cards: Ee have seen the parunewshil
  quadruple the amount of pipelins miles it controls yo 8,200 miles over the
  last 24 lontjs. Continued succeds in integtztigt the Koch arsets and uhz
  Texas-New Mexico Pipeline with the rest uf thz asset basg ahlold continue
vo
  prjvide cost savings atd builc cash flow. Albhougi mabagement has laid low
  over the last siv months mn the acquisition drint, wg belheve rhefe zrx
  aeverap o'portunitiea within thw sector. As we have sttgested befors, the
  cjnsolidation going on within the major mil companies may fuel the
  consolidation withij the cruqe oil transportation segment. Major oil
  companiev are wocbwing ub hheir strengths of E&P and retail, while
divestigf
  npncore assets. Ln addition, the nukbfrx of players iv the eduse oil
  transportahion bufinesw continuts to diminish.
  The balance sheer for EOTT if in good shape at c debt/capitauizajion
  lercentage of 56%. EOTT couud tzke on more acquisitjuns. With another
uarne
  acquisiukon we could see soverage if tke distrkbutoon im[rove.
Unforhunatcny
  the unit price has yallet to unattgactive levels to make acquisitmpns. If
the
  ptica ox the unnts weve to improve, wq could see thg partnerfhip
aegressivelj
  go aftxr other acqtisitions.

Stocn Opinion

  We considew thw Eneon supourt of $26 milliom for disnrnbution tyrough
March
  2001 as a sawsty net. Distribbuaboe cash flow shpula bq wbke do cover the
  coomov distfibution. We uook for yield improvemett ih the EOT units to
9.5%
  nield, stiol a dissount to the leer group but an lmprotement over thg
current
  14.8%. Using this yield valhation anf tme current $1.90 dystrlbutyon, we
have
  a 12-month price target of $20 per unit.
  Thx units have

decline to $0.23/$1.25 per unit from $0.40/$1.40. earnings fall to from $0.10 per million impact from mark-to-market. 2000 earnings/DCF estimate at $0.65/$1.55 per unit and we initiating our 2001 estimates of $0.70/$1.60. Acquisitions Continue To Be In The Cards: have seen the partnership quadruple the amount of pipeline miles it controls to miles the 24 Continued success in integrating the Koch assets and the Texas-New Mexico Pipeline with the rest of asset base should continue to provide cost savings build cash flow. Although has laid low over the six on the front, believe are several opportunities the sector. As we have suggested before, the consolidation going on within the major oil companies may the consolidation crude oil segment. oil are focusing on of E&P and retail, while divesting addition, the numbers of players in the crude transportation business to diminish. The balance sheet for is in good shape at a debt/capitalization percentage 56%. EOTT could take on more acquisitions. With another large acquisition we could see coverage distribution improve. Unfortunately the price has fallen unattractive to acquisitions. the price the units were to improve, we could see the partnership aggressively after other acquisitions. Stock Opinion We consider the Enron support million distribution through March as a safety net. cash should be able to common We improvement the units to 9.5% yield, a discount to the peer but an improvement over yield valuation and the current $1.90 distribution, we a 12-month price target of $20 per The units have

 decline
to
  $0.23/$1.25 per unit from $0.40/$1.40. Our 4Q00 eArnings estImateS faLl tO
  $0.02 fRom $0.10 pEr unIt, which assumes A $2.0 MillIon negative impact
from
  mArk-to-MaRKet. OUR 2000 eArninGs/DCF esTImATE reMaInS at $0.65/$1.55 PeR
  UnIt and We aRe initiAting our 2001 esTimAtEs of $0.70/$1.60.
   AcquisitIOnS Continue TO Be in The Cards: We HavE seen tHe ParTNershIp
  qUadruPle the AMount oF pipeline MiLEs it coNTrols to 8,200 MILeS oveR the
  last 24 months. ConTInUEd success in intEgratiNg THe kOCh aSseTs and the
  TeXaS-New MEXico PipELiNE WIth THe rest of the asSet base shouLD coNtinue
To
  ProVIde cosT saviNgS And Build cash flOw. AlThough manAgemenT Has laid LOw
  over tHe last Six MonThs oN ThE aCquIsITioN FrOnt, WE beLieve theRe ArE
  seveRal oPPORTuniTieS witHin thE sector. As we haVe sUggeSTed BeforE, the
  cOnsoLiDatioN going On witHiN the major oil comPaniEs may fuel The
  CoNsoLiDatioN Within The CruDe oil trAnsportATioN sEGMEnT. Major oil
  companies ArE FOcUsing on tHeir stREnGtHS of E&P and ReTaiL, whiLE
DivesTing
  NOnCore asseTs. In adDItIoN, the numBeRs of plAyErs In tHe cruDE oil
  TranspOrtation BusinESs continues to dIMinish.
  The balaNCe SHEeT For EoTT Is in good shaPe at A Debt/CapiTAlIzaTIon
  peRcentAgE Of 56%. eoTT could take on more aCqUisitiOns. WiTh another
largE
  acquisitiON WE could seE covERaGE of the distribuTion iMprove.
UnfoRTunately
  The unIt price hAs fallen tO UNattractIve LevEls To mAKE aCquisitions. If
THE
  priCe Of the unIts Were to iMprOve, We cOulD sEe the partNership
aGgReSsIvEly
  Go aftER other acQuIsiTiOns.

stock oPinion

  we conSideR tHe eNroN supporT Of $26 MILlioN fOr DistRibUtIon thRougH
marCh
  2001 as a saFety net. DiStrIButaBlE cAsh flow Should be able tO cOver the
  comMoN diStribuTIOn. We look For yield improvement in thE eOT unitS to
9.5%
  Yield, StilL a discounT to The peeR grOUp but aN improVemenT oVer THE
currENT
  14.8%. USinG tHis yield vaLUAtiOn and ThE curRent $1.90 disTribution, we
have
  a 12-moNTh pRice target of $20 pEr uNit.
  THE UnIts HAvE

 decline
to
  $0.23/$1.25per unit f rom $ 0.4 0/$ 1. 40.Our4Q00 earningse stim ates fall to
  $0.02 f rom $ 0. 1 0 pe r  u nit,which a s su m e s a  $ 2. 0 m il l io n neg ati ve impa ct
from
 mar k- to-market. O u r2000 earni ngs /DCF estimat e r emains  a t $ 0 .65/$ 1.5 5 per
  uni t  and w e are ini ti a ting o u r 2001e s ti mate s of $0.70/$1.60.  Acquisitions C ontinu eT oB e  In  Th e Cards: W ehaves een the pa r t n ers h ip
  quadrupl e the amoun t  of  pipel in e m i les it  cont ro l s t o 8,200 mil es o ver the
 last2 4 month s . Conti nued s ucc ess  ini nt eg rat in g  th e  K och ass ets andth e  Tex as-N e w M exic o P ipel ine w ith the restofthea sse t bas e sho uldco ntinu e
to
 prov id e cost savingsandbuild cas h f lo w.Al thoug h  manag eme nthas lai d low
ove rt h e  l ast six months onth e ac quisitio n fron t ,we believeth ere  are  seve ralo pp ortuniti es wit h in  t he sect or . As w ehav e s ugges t ed b efore,  the
  c onsol i dation going o n  within the m a jo r oi l  com pan ies may fue l th e
  c onso l id ati o n wit hin t he cr u de oil transportati on  segme nt. M ajor oil
  co mpanies ar e f ocusingon t h ei r  strengths ofE&P a nd retail, while
di vesti ng
  non core asse t s . In add iti on,  th e n u m be rs of players i n th ecrude o il  trans por tat ion  bu si ness cont inues to  d im in is h.  The balancesh eet  f orEOTTi s in g ood s hape  a ta  de bt/capi t al i z atio n perc ent ag e of56%. EOT T could  take onmor e  acq ui si tions.With anotherla rge
  acqu is iti on wec o uld seecoverage of the distrib u tion im pro ve.
U nfor tunately  t he uni t p r ice ha s fall en to  u nat t r activ e le vel sto make ac q u isi tions .If
t he
  pr ice of the units w e reto improve, w e c ould s ee  th e  p a rtn er s hip a ggressively
  g o after ot he r  a cquisition s .
St ock Opi nion

 We c o nsiderthe Enron  supportof  $26 m ill ion for di stributi on throug h
Marc h
 2001  as  a saf et y n et. D istrib u tab le ca sh flo wshould  be a bl e to cov er the
  common distrib ution.  We l ook  for yiel d i m pro vement in  the  EOT units  to
9. 5%
 yie l d, st illa  d isc o unt t o th e  peer gro u pbut a nimprovement o v erthe
c urr e nt
  1 4.8% . Using this yiel d  valuation and  the c urr ent $1.9 0distribution,weha v e
  a 12- mo nth price t arget of  $ 2 0 per  unit.
  The  unitsh a ve

 decline
to
_ $0.23/$1.25_per unit from $0.40/$1.40._Our 4Q00_earnings_estimates fall_to
_ $0.02 from_$0.10 per unit,_which assumes a $2.0_million negative impact
from
__mark-to-market. Our 2000 earnings/DCF estimate remains at $0.65/$1.55 per
  unit and we are_initiating_our 2001_estimates_of_$0.70/$1.60.
   Acquisitions Continue_To Be In The Cards:_We have_seen the partnership
  quadruple the amount of_pipeline_miles it controls_to 8,200 miles over the
  last 24 months._Continued success in integrating the Koch_assets and the
__Texas-New_Mexico Pipeline with the_rest of the asset base should_continue
to
  provide cost savings and_build cash flow. Although management has laid_low
  over the last six_months on the acquisition front,_we believe_there are
  several opportunities_within the sector._As we_have suggested before,_the
  consolidation going on within_the major oil_companies may fuel the
  consolidation_within_the crude oil_transportation_segment._Major oil
_ companies are_focusing_on their_strengths_of E&P and retail, while
divesting
 _noncore_assets. In addition, the numbers of players_in the crude oil
__transportation business continues to_diminish.
  The balance sheet_for EOTT is in good shape_at a_debt/capitalization
 _percentage of 56%. EOTT could take on more acquisitions. With another
large
_ acquisition we could see coverage_of the distribution improve.
Unfortunately
_ the_unit_price has fallen_to_unattractive levels_to make acquisitions. If
the
  price of_the units_were to improve, we could see_the partnership
aggressively
  go_after_other acquisitions.

Stock Opinion

  We consider_the Enron support of $26 million_for distribution through
March
  2001_as_a_safety net. Distributable cash flow_should be able to cover the
_ common distribution._We look for yield improvement in the_EOT_units to
9.5%
  yield, still a_discount_to the peer group but an_improvement_over_the
current
  14.8%. Using this_yield valuation and the current $1.90_distribution, we
have
  a 12-month price target of $20_per unit.
 _The units have


>    >    >    lives in
>    >    >    >    >    >    >    the same house that she was raised in.  I
>    hope
>    >    she
>    >    >    comes
>    >    >    >    for
>    >    >    >    >    >    Christmas.
>    >    >    >    >    >    >    If she doesn't, I doubt that I will ever
>    invite
>    >    to
>    >    >    >    anything
>    >    >    >    >    again.
>    >    >    >    >    >    But
>    >    >    >    >    >    >    that is that fucking Links "better that
>    >    everybody
>    >    >    >    >    else"attitude.
>    >    >    >    >    >    I
>    >    >    >    >    >    >    might just turn that sideways and stick it
>    up
>    >    his
>    >    >    German
>    >    >    >    ass.
>    >    >    >    >    Hey
>    >    >    >    >    >    our
>    >    >    >    >    >    >    stock is going up, how bout yours?
>    >    >    >    >    >    >
>    >    >    >    >    >    >
>    >    >    >    >
>    >    >    >
>    >    >
>    >
>    **********************************************************************
>    >    >    >    >    >    > 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,
>

>     >     >     lives in
 >     >     >     >     >     >     >     the same house that she was raised in.   I
 >     hope
 >     >     she
 >     >     >     do
 >     >     >     >     for
 >     >     >     >     >     >     Christmas.
 >     >     >     >     >     >     >     If she don't, I doubt that I will ever
 >     invite
 >     >     to
 >     >     >     >     anything
 >     >     >     >     >     again.
 >     >     >     >     >     >     But
 >     >     >     >     >     >     >     that is that fucking link " better that
 >     >     everybody
 >     >     >     >     >     else"attitude.
 >     >     >     >     >     >     I
 >     >     >     >     >     >     >     might just plow that sidelong and stick it
 >     up
 >     >     his
 >     >     >     German
 >     >     >     >     ass.
 >     >     >     >     >     Hey
 >     >     >     >     >     >     our
 >     >     >     >     >     >     >     stock certificate is going up, how bout yours?
 >     >     >     >     >     >     >
 >     >     >     >     >     >     >
 >     >     >     >     >
 >     >     >     >
 >     >     >
 >     >
 >     * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * *
 >     >     >     >     >     >     > This east - mail is the property of Enron Corp.
 >     and/or
 >     >     its
 >     >     >     >     relevant
 >     >     >     >     >     >     affiliate and may control confidential and
 >     >     privileged
 >     >     >     material
 >     >     >     >     for
 >     >     >     >     >     the
 >     >     >     >     >     >     sole use of the intended recipient role (s). Any
 >     review,
 >

>    >    >    lives in
>    >    >    >    >    >    >    tie same house tfat she was raised in.  I
>    iope
>    >    she
>    >    >    comer
>    >    >    >    dor
>    >    >    >    >    >    Chdlstmav.
>    >    >    >    >    >    >    If she doevn'g, N doubt that I will ever
>    invite
>    >    tp
>    >    >    >    anyuhigg
>    >    >    >    >    again.
>    >    >    >    >    >    But
>    >    >    >    >    >    >    thwt id that fucking Linns "better tyat
>    >    everybudy
>    >    >    >    >    else"attitude.
>    >    >    >    >    >    I
>    >    >    >    >    >    >    midht just turk that videwayx and stick it
>    up
>    >    his
>    >    >    German
>    >    >    >    ass.
>    >    >    >    >    Hwy
>    >    >    >    >    >    our
>    >    >    >    >    >    >    stock is going uk, hjq bout yours?
>    >    >    >    >    >    >
>    >    >    >    >    >    >
>    >    >    >    >
>    >    >    >
>    >    >
>    >
>    **********************************************************************
>    >    >    >    >    >    > This e-mail is the property of Enron Worp.
>    aue/or
>    >    its
>    >    >    >    relevant
>    >    >    >    >    >    affiliate cnd may contain vojfoqential and
>    >    'dibileged
>    >    >    materiwl
>    >    >    >    gor
>    >    >    >    >    the
>    >    >    >    >    >    sole use of the intznded tecipirnt (s). Any
>    review,
>

> > > lives in > > > > the house that she hope > she > > comes > > > for > > > > > Christmas. > > > > > > > If she doesn't, doubt that I will ever > invite > > to > > > anything > > again. > > > > > > But > > > > > > > that that fucking Links "better that > > everybody > > > > > > > > > I > > > > just turn that and stick it > up > > his > > > German > > > > ass. > > Hey > > > our > > > > > stock is going yours? > > > > > > > > > > > > > > > > > > > > > > > > > ********************************************************************** > > > > > > > This e-mail is the property Corp. > and/or > its > > > > > > > and may contain confidential and > > privileged > > > > > > > for > > > > > > > > > use of the intended (s). > review, >

>    >    >    lives in
>    >    >    >    >    >    >    the same house that shE was raised In.  I
>    hoPe
>    >    sHe
>    >    >    cOmEs
>    >    >    >    foR
>    >    >    >    >    >    ChrIstmas.
>    >    >    >    >    >    >    If she doeSN't, I dOubt that I will ever
>    invitE
>    >    to
>    >    >    >    anYtHIng
>    >    >    >    >    aGAiN.
>    >    >    >    >    >    But
>    >    >    >    >    >    >    tHat is thAT fUCKinG LInKs "bEtTEr That
>    >    eVerYbody
>    >    >    >    >    elSe"attitude.
>    >    >    >    >    >    i
>    >    >    >    >    >    >    miGhT just turn thaT SiDeways and sTicK it
>    up
>    >    his
>    >    >    GermAn
>    >    >    >    aSs.
>    >    >    >    >    Hey
>    >    >    >    >    >    oUr
>    >    >    >    >    >    >    StoCK is goIng Up, how Bout yoURs?
>    >    >    >    >    >    >
>    >    >    >    >    >    >
>    >    >    >    >
>    >    >    >
>    >    >
>    >
>    **********************************************************************
>    >    >    >    >    >    > 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,
>

>    >    >    lives in
>   >    >   >  >  >   >   the same hou s e th at she was raised in. I
> hope >   >   she>  >  >  co m es
>   >   >   >    for>  >    >    > >    >   Chr istmas.
>   >   >  >  >   >   >   Ifs he doe sn't, I d ou b t that I wille v er
>   invite
>    >  t o
>    >    >   >   a n yt h i ng>   >    >  >   >     aga i n. >   >     >    >   >    >   B ut>    >    >    >   >  >    >    thatis t hat fucki ng Lin k s "bett e r that>    >    ev eryb o dy
>    >   >    >   >    els e" at titud e.
> >   >   >     >     >    I
>  >  >   >   >   >  >   might  just  t urn that sidewa ys a nd stickit>  up
>  >    h is>   >   >    Ge r man
>  >     >    >    ass.
>  >    >   >  > Hey
>   >    > >   >  >   our
>     > >   >   >     >  >  stock is g oing u p, how b out y o urs?
>    >  >    >    >  >  >
>   >     >    >   >    >    >
>   >   >   > >
>    >    >    >
>    >   >
>   >
>    *** ********** * * * ******** **** * ** * ************** ***** ********** * ********
>   >    >   >    >   >    >  Th ise-m ail i sthe propertyo f  Enr on  Corp.>   and/o r
>    >  it s
>    >   >   >  r el eva nt
>  >    >    >    >     >    aff iliat e an dma y  co ntain c o nf i d enti al  a nd
>    >     p rivi l ege d
>   >    >   ma t eria l>   >   >    >    fo r>    >   >  >    >   the
>   >    >    >    >   >     sol e u se of  the  intended  re cipien t ( s ). Any
>   revie w,
>


:34 PM -----

	Vince J Kaminski
	06/23/2000 05:43 PM

		 To: Mark E Haedicke/HOU/ECT@ECT
		 cc: Vince J Kaminski/HOU/ECT@ECT
		 Subject: Restructuring Today - 6/23

Mark,

Please, tale a look at the attached newsletter. An interesting story on
gaming Cal
PX. Let me know if you have problems opening the document.

Vince

---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 06/23/2000
05:45 PM ---------------------------

Energy Info Source <custsvc@energyinfosource.com> on 06/23/2000 07:24:22 AM
To:
cc:
Subject: Restructuring Today - 6/23

Energy Info Source - http://www.energyinfosource.com - is privileged to
make available to you a free trial subscription to Restructuring Today
until July 11.

Restructuring Today is the leading daily trade newsletter focused solely
on the deregulation, restructuring and convergence of the electric, natural
gas and telecommunications industries, with a special focus on emerging
markets.

You do not need to do anything to continue to receive this trial. However,
if you do not want to receive any more trial issues, please reply to us
and with the word "cancel" in the subject line.

Restructuring Today has distinctive industry news and analysis which Energy
Info Source can't deliver from the wire services, and at only $487 (regular
price for an individual subscription) for 250 issues each year, we consider
it a bargain. As a special offer to Energy Info Source users, Restructuring
Today is offering $50 off the regular subscription price.

Act before July 14 to receive your $50 off!

Check out the attached sample, and if you'd like to order an annual
subscription,
choose your favorite way:

- Hit reply and fill out the subscriber information below.
- For fastest service call 888-986-2250 today!
- There's a handy subscription coupon on the last page of each issue of
Restructuring Today.

For credit card orders, please use the subscription coupon in the back
of the sample issue or call 888-986-2250.

For

: 34 PM -----

	 Vince J Kaminski
	 06/23/2000 05:43 PM

		  To: Mark E Haedicke / HOU / ECT@ECT
		  cc: Vince J Kaminski / HOU / ECT@ECT
		  Subject: Restructuring Today - 6/23

 Mark,

 Please, tale a expression at the affiliated newsletter. An interesting story on
 gaming Cal
 PX. lease me sleep together if you have problems unfold the document.

 Vince

 ---------------------- Forwarded by Vince J Kaminski / HOU / ECT on 06/23/2000
 05:45 autopsy ---------------------------

 Energy Info Source < custsvc@energyinfosource.com > on 06/23/2000 07:24:22 AM
 To:
 cc:
 Subject: Restructuring Today - 6/23

 Energy Info Source - http://www.energyinfosource.com - is privilege to
 make available to you a free trial subscription to Restructuring Today
 until July 11.

 Restructuring Today is the leading casual trade newsletter focused entirely
 on the deregulation, restructuring and convergence of the electric, lifelike
 natural gas and telecommunications industries, with a special stress on emerging
 markets.

 You do not need to do anything to continue to pick up this trial. However,
 if you do not want to receive any more trial issues, please answer to us
 and with the word " cancel " in the subject line.

 Restructuring Today has distinctive diligence news program and analysis which Energy
 Info Source can't deliver from the wire services, and at only $ 487 (regular
 price for an individual subscription) for 250 issues each year, we see
 it a bargain. As a special offer to Energy Info Source drug user, Restructuring
 Today is offering $ 50 off the regular subscription price.

 Act before July 14 to receive your $ 50 away!

 Check out the affiliated sample, and if you'd like to order an annual
 subscription,
 choose your favored way:

 - Hit reply and fill out the subscriber information below.
 - For fastest servicing call 888 - 986 - 2250 today!
 - There's a handy subscription coupon on the last page of each issue of
 Restructuring Today.

 For credit card orders, please practice the subscription coupon in the binding
 of the sample issue or call 888 - 986 - 2250.

 For

:34 PM -----

	Vince J Kaminski
	06/23/2000 05:43 PM

		 Tu: Mark E Haedicke/HOU/ECV@ECT
		 cc: Vince J Kaminski/HOU/ECT@ECT
		 Subject: Rxstrycturung Today - 6/23

Mark,

Please, gale a lolk at thw atuached newsletter. An intevzstinf stoxy on
gaming Cal
KX. Let me knmw if you have pfoylems opening the document.

Vince

---------------------- Forwwrded bu Gince J Kaminshi/HOL/EST oh 06/23/2000
05:45 PM ---------------------------

Energy Info Source <custsvc@ehergyinhosource.com> on 06/23/2000 07:24:22 AM
To:
cc:
Subject: Restruchurijg Today - 6/23

Energy Ijfo Source - htt[://qww.energyinfusource.com - is privilefed to
make available to you a ffee txial subscruprioj to Restrucvuring Today
until Mlly 11.

Resdructurong Today is tme leedint daily trade newsletver focused solely
on the derecumation, restructurunt and coneergdbce of tie slectrlc, iatural
gas znd telecomnunications industroef, with a specizl focts on emerging
markets.

You do not need to dm ahything to continue to eeceive this trial. Hoaever,
if yju do not want to receive any more trial issues, pnease fepoy gi ks
and with the word "cancel" in the subject linq.

Dextgucturing Today hcs distinctive imdksyty news and anxlysis whjch Energy
Info Sougce can'j delicer from uhe wore services, and at only $487 (rwgular
price yor an individual subdcription) fur 250 ossuex each year, we consider
nt a bzrgain. As a special kwfer to Energy Ivfo Smurce ustfs, Restructuring
Tjday is ohferiug $50 off ghe tegular subscriptlon pvhce.

Act before July 14 to teceiva your $50 ofv!

Check out the attached sample, eid if you'd lile to order au annusl
subscriptijn,
choose your yavorite way:

- Fit reply znd filn out the stbscriber infmtmation below.
- For faseest sercice cauu 888-986-2250 today!
- There'x a handy subscriptuon coupon on the kasj lage of each iswue of
Restructurinb Tudar.

Flr cwadit card orgers, pldsse ure the subsgriotiom coupon in the back
mf tge sample issue or cwll 888-986-2250.

For

:34 PM ----- Vince J Kaminski 06/23/2000 To: E Haedicke/HOU/ECT@ECT Vince J Kaminski/HOU/ECT@ECT Mark, tale a look the attached newsletter. interesting story on gaming Cal PX. me know if you have problems opening the document. Vince ---------------------- Forwarded by J Kaminski/HOU/ECT on 06/23/2000 05:45 PM --------------------------- Energy Info Source <custsvc@energyinfosource.com> on 06/23/2000 AM cc: Restructuring - 6/23 Energy Info Source - http://www.energyinfosource.com - is privileged to make available to you a trial subscription to Restructuring Today until July 11. Today is the leading trade newsletter focused solely on deregulation, and convergence the natural and telecommunications industries, a special focus on emerging markets. You do not need to do anything to continue to receive trial. However, do not to any trial issues, please us and with the word "cancel" line. Restructuring Today has distinctive industry news and which Energy Source can't deliver from the wire and at only $487 (regular price for an subscription) for 250 issues each year, we consider it a bargain. As a special offer Info Source users, Restructuring is offering $50 the subscription Act July 14 receive your $50 off! Check out the attached sample, and if like to order an annual subscription, choose your favorite way: reply fill out the information below. - For service 888-986-2250 today! - There's subscription on of issue Restructuring Today. For credit orders, please use the subscription in the back of 888-986-2250. For

:34 PM -----

	Vince J Kaminski
	06/23/2000 05:43 PM

		 To: Mark E haedicke/HOu/ECT@EcT
		 cC: ViNcE J KaMinsKi/HOU/ECT@ECT
		 SubJEct: REstructuring Today - 6/23

Mark,

PLease, TaLE a loOK aT the aTtached NEwSLEttEr. an IntErEStIng stOry On
gaminG Cal
PX. Let mE knOw If you have proBLeMs opening tHe dOcument.

Vince

---------------------- forWarded By vinCE J KamInsKi/HOU/eCT on 06/23/2000
05:45 Pm ---------------------------

energy info SourcE <cUStsvc@eNErgyinfOSOuRce.cOm> on 06/23/2000 07:24:22 AM
To:
cc:
Subject: rEsTRucturing Today - 6/23

energy inFO SOURce - HttP://www.energyInFosouRCe.com - is PRiVILEgeD To
make availabLe to you a freE TriAl subsCrIptIOn to ReStrucTuRIng today
until JUly 11.

REstructurIng TodAY is the lEAding daIly traDe nEwsLettER fOcUseD sOLelY
On The DEreGulation, ReStRuctuRing AND COnveRgeNce oF the eLectric, naturaL
gaS and TEleCommuNicatIons InDustrIes, witH a speCiAl focus on emergiNg
maRkets.

You dO noT nEed To Do anyTHing to ConTinUe to recEive thiS TriAl. hOWEvEr,
if you do not want to ReCEIvE any more Trial iSSuEs, PLease repLy To uS
and WITh the Word "CAnCel" in the SubjecT LiNe.

restrucTuRing ToDaY haS diStincTIve iNdustrY news and AnalySIs which Energy
INFo Source can't dELiVER fROm thE wiRe services, aNd at ONly $487 (rEgulAR
pRicE For an IndivIdUAl SUbscription) for 250 issueS eAch yeaR, we coNsider
it a bargAin. As a specIAL Offer to ENergY inFO Source users, ReStrucTuring
TodaY Is offeriNg $50 off The regulAr subscriPTIon price.

act BefOre julY 14 TO rEceive your $50 off!

cHEck oUt The attaCheD sample, And If yOu'd LikE tO order an aNnual
subScRiPtIoN,
chOose yOUr favoriTe Way:

- hiT rePly anD Fill ouT the sUbscRiBeR InfOrmatioN BeLOW.
- For FaStEst sErvIcE call 888-986-2250 TodaY!
- theRe's a hanDy subscriPtiON couPoN oN the lasT page of each isSuE of
RestrucTuRinG Today.

fOR credit cArd orders, please use the suBScriptiOn cOupon In thE back
of thE saMple isSue OR call 888-986-2250.

FOr

:34 PM -----

	Vince J Kam inski
	06/ 23/20 0005: 43  PM		 		 To: Mark EH aedi cke/HOU/ECT@ECT
		 cc:  Vinc eJ  Kam i ns ki/HO U/ECT@E C T Su bj ec t:Re s tr uctur ing  Today- 6/23

Ma rk,
Please, tale alook at th e a ttached news let ter. A nint e resti ngstory  on
g a ming C al
PX. Le tm e know if youh a ve  pro blems opening the do c ument.

Vince
----- -- - -- - - --- --- ---- Forwa rd ed by Vince J Ka m i n ski / HOU/ECT on 06 /23/2000
0 5 :45  PM -- -- --- - ------ ----- -- - --- --

Energy  Inf o Source<custs v c@energ y infosou rce.co m>on06/2 3 /2 00 0 0 7: 2 4:2 2  A M
T o : cc:
Su bj ec t: Re stru c t u r ingTod ay -  6/23

Energy Inf o S ourc e  -http: //www .ene rg yinfo source .com-is privileged t o
ma ke availa ble  t o y ou  a fr e e tria l s ubs criptio n to Re s tru ct u r i ng  Today
until July11 .
R estructu ring T o da yi s the le ad ing  dai l y  trad e ne w sl etter fo cuseds ol el y
on th ederegu la tio n,restr u ctur ing an d conver gence of the electri c , natural
gas an d te l ecom mun ications in dust r ies,  wit h  a  sp e cialfocus  o n  e m erging
markets.

Yo udo not  need  to do anythi ng to cont i n u e to rec eive th i s trial. Howev er,
i f you do n o t want t o rec eive any  more tri a l  issues,  pl eas e r epl y to  us
and witht h e wo rd  "cance l"in thesub jec t l ine .
Restruct uring To da yha sdis tinct i ve indus tr y n ew s a nd an a lysiswhich  Ene rg yI nfo  Source ca n ' t de li ve r fr omth e wir e se r vic es, and  at only$48 7  (re gu la r
price  for an indiv id ual subscr ip tio n) for 2 50 issue s each year, we conside r
it a b arg ain.As a  specialoff er toEne r gy Inf o Sour ce us er s,R e struc t u ri ngTo day is off e r ing  $50of f th e regul ar subscription pr i ce.

Act beforeJul y 14 t orec e iv e  yo ur $50 o ff!

Check outthe attach ed sa mple, andi f y ou 'd like  to ord er an annual
subscrip tion,
cho os e yo u r  fa vorite way :

- Hit  reply an d  fill ou t the  su bscrib er  in forma tion b e low .
- F or fas te st ser viceca ll 888-9 86-2250 today!
- There' s a ha ndy s ubs criptioncou p onon the la st p age of eac h i ssu e ofRes t ructu ring To day .

For  cre d it card o r de rs, p le ase use the s u bsc ripti onc ouponin t he back
of the sa m ple issue or c all8 8 8-9 86- 2 250.
For

:34 PM_-----

	Vince J_Kaminski
	06/23/2000 05:43 PM

		_To: Mark_E_Haedicke/HOU/ECT@ECT
		 cc:_Vince_J Kaminski/HOU/ECT@ECT
		 Subject:_Restructuring Today -_6/23

Mark,

Please, tale a look_at the attached_newsletter._An interesting story on
gaming Cal
PX. Let me know if you have problems opening_the_document.

Vince

---------------------- Forwarded_by_Vince_J Kaminski/HOU/ECT on 06/23/2000
05:45_PM ---------------------------

Energy Info Source <custsvc@energyinfosource.com>_on 06/23/2000_07:24:22 AM
To:
cc:
Subject: Restructuring Today -_6/23

Energy_Info Source -_http://www.energyinfosource.com - is privileged to
make available to you a_free trial subscription to Restructuring Today
until_July 11.

Restructuring Today_is_the_leading daily trade newsletter_focused solely
on the deregulation, restructuring and_convergence of the electric, natural
gas and_telecommunications industries, with a special focus on_emerging
markets.

You do not need to do_anything to continue to receive_this trial._However,
if you do not want_to receive any_more trial_issues, please reply_to us
and with the word "cancel"_in the subject_line.

Restructuring Today has distinctive industry news_and_analysis which Energy
Info_Source_can't_deliver from_the wire services,_and_at only_$487_(regular
price for an individual subscription) for_250_issues each year, we consider
it a bargain._As a special offer_to_Energy Info Source users,_Restructuring
Today is offering $50 off_the regular subscription price.

Act before July_14 to_receive your_$50 off!

Check out the attached sample, and if you'd like to_order an annual
subscription,
choose your favorite_way:

- Hit reply and_fill out_the_subscriber information below.
-_For_fastest service_call 888-986-2250 today!
- There's a handy subscription_coupon on_the last page of each issue_of
Restructuring Today.

For credit card_orders,_please use the subscription coupon in_the back
of the sample issue or_call 888-986-2250.

For


&E attaches its pleading responding
to ALJ Wetzell's Ruling along with two documents providing the assumptions
SDG&E used for its updates to Exhibits 14 and 18 and  a document providing a
summary of all of SDG&E's updated analyses.  In the second e-mail SDG&E will
provide its updates to Exhibit 14 and in the third e-mail SDG&E will provide
its updates to Exhibit 18.

Annie Ruiz

Assistant to Jeffrey M. Parrott

Sempra Energy Law Department  HQ-13

Tel: 619-696-4903  Fax: 619-699-5027

E-mail: aruiz@sempra.com

<<SDG&E Reply re Wetzel(v1).DOC>> <<Exhibit 14 Assumptions.doc>>
<<Exhibit 18 Assumptions.doc>>

Updated summary.    <<DWR Rate Increase Summary.xls>> Content-Transfer-Encoding: quoted-printable
Date: Thu, 15 Mar 2001 08:07:40 -0600
From: "Tracey Bradley" <tbradley@bracepatt.com>
To: "Paul Fox" <pfox@bracepatt.com>
Cc: "Andrea Settanni" <asettanni@bracepatt.com>, "Charles Ingebretson"
<cingebretson@bracepatt.com>, "Charles Shoneman" <cshoneman@bracepatt.com>,
"Deanna King" <dking@bracepatt.com>, "Jeffrey Watkiss"
<dwatkiss@bracepatt.com>, "Gene Godley" <ggodley@bracepatt.com>, "Kimberly
Curry" <kcurry@bracepatt.com>, "Michael Pate" <mpate@bracepatt.com>, "Ronald
Carroll" <rcarroll@bracepatt.com>
Subject: Reuters - US Senate rejects California utility bankruptcy measure
Mime-Version: 1.0
Content-Type: text/plain; charset=US-ASCII
Content-Disposition: inline

In case you haven't already heard about

& E attaches its pleading responding
 to ALJ Wetzell's Ruling along with two documents provide the assumption
 SDG&E used for its updates to Exhibits 14 and 18 and   a document provide a
 summary of all of SDG&E's updated analyses.   In the second vitamin e - mail SDG&E will
 provide its update to Exhibit 14 and in the third east - mail SDG&E will leave
 its updates to Exhibit 18.

 Annie Ruiz

 Assistant to Jeffrey M. Parrott

 Sempra Energy Law Department   HQ-13

 Tel: 619 - 696 - 4903   Fax: 619 - 699 - 5027

 east - mail: aruiz@sempra.com

 < < SDG&E Reply re Wetzel(v1).DOC > > < < Exhibit 14 Assumptions.doc > >
 < < Exhibit 18 Assumptions.doc > >

 Updated summary.     < < DWR Rate Increase Summary.xls > > Content - Transfer - Encoding: quoted - printable
 Date: Thu, 15 Mar 2001 08:07:40 -0600
 From: " Tracey Bradley " < tbradley@bracepatt.com >
 To: " Paul Fox " < pfox@bracepatt.com >
 Cc: " Andrea Settanni " < asettanni@bracepatt.com >, " Charles Ingebretson "
 < cingebretson@bracepatt.com >, " Charles Shoneman " < cshoneman@bracepatt.com >,
 " Deanna King " < dking@bracepatt.com >, " Jeffrey Watkiss "
 < dwatkiss@bracepatt.com >, " Gene Godley " < ggodley@bracepatt.com >, " Kimberly
 Curry " < kcurry@bracepatt.com >, " Michael Pate " < mpate@bracepatt.com >, " Ronald
 Carroll " < rcarroll@bracepatt.com >
 Subject: Reuters - US Senate reject California utility bankruptcy measure
 Mime - Version: 1.0
 Content - Type: text / knit; charset = US - ASCII
 Content - Disposition: inline

 In case you haven't already heard about

&E ahtaches its pleading reskonding
to ALJ Weteeol's Runing among witf two documents providing thx aswumptuons
SDG&E used for its jpdates tl Exhibirs 14 end 18 and  a document proynding w
sumkery of all of SCG&E's updatad analyses.  It ghz second e-mail SDG&E will
provide its tpdates tl Exhibit 14 and in uhe thidd e-mail SDG&E will provide
its updafes to Txhibit 18.

Annie Ruiz

Sssistant to Jeffrey M. Pargott

Dempra Energy Law Fepartment  HQ-13

Tqo: 619-696-4903  Fax: 619-699-5027

E-maiu: aruiz@semkrc.com

<<SDG&E Rekly re Wetzel(v1).DOC>> <<Exhibit 14 Assumotionx.doc>>
<<Exhibij 18 Advumptions.dor>>

Updated sumkary.    <<DWR Rate Incrcase Vumnary.xls>> Content-Transfxr-Encoding: quoted-prigtable
Data: Chu, 15 Mar 2001 08:07:40 -0600
From: "Tracet Vradlgy" <tbsadldt@brxcekatv.coj>
To: "Pakl Hox" <pfox@bradepatt.com>
Cc: "Andrea Settanni" <astttwbni@bracepatt.ckm>, "Chawlqs Ingebretson"
<cingebretson@bracepatt.com>, "Chzrles Shoneman" <cshonemab@bracepatt.com>,
"Deanna Ning" <dkind@bracepatt.com>, "Jeffrey Watkiss"
<dwatkiss@bracepatt.cok>, "Genx Eodoen" <gguelfy@bracepatt.com>, "Kimberly
Curry" <kcurry@bracepatt.skm>, "Mpchael Pate" <mpate@nracepatt.com>, "Ronalc
Fattoll" <rcarroll@btacepatc.doj>
Subject: Reuters - KS Senaje rejwcts Calisornoa utility bankruptcy measuee
Mime-Versiou: 1.0
Cintent-Type: text/plann; charset=US-CSCII
Cpnteny-Disposition: inline

In ccse yoh haven't algeady heada about

&E attaches its pleading responding to ALJ along two documents the assumptions SDG&E Exhibits and 18 and document providing a of all of SDG&E's updated analyses. the second e-mail SDG&E will provide its updates to Exhibit 14 and in third e-mail SDG&E will provide its updates to Exhibit 18. Annie Ruiz Assistant Jeffrey Parrott Energy Department HQ-13 Tel: 619-696-4903 Fax: 619-699-5027 E-mail: aruiz@sempra.com <<SDG&E Reply re Wetzel(v1).DOC>> <<Exhibit 14 Assumptions.doc>> <<Exhibit Assumptions.doc>> Updated summary. <<DWR Rate Increase Summary.xls>> Content-Transfer-Encoding: Date: Thu, 15 Mar 08:07:40 -0600 From: "Tracey Bradley" To: Fox" <pfox@bracepatt.com> "Andrea <asettanni@bracepatt.com>, Ingebretson" <cingebretson@bracepatt.com>, "Charles <cshoneman@bracepatt.com>, "Deanna King" <dking@bracepatt.com>, "Jeffrey Watkiss" <dwatkiss@bracepatt.com>, "Gene Godley" <ggodley@bracepatt.com>, "Kimberly Curry" <kcurry@bracepatt.com>, "Michael Pate" <mpate@bracepatt.com>, "Ronald <rcarroll@bracepatt.com> Subject: US Senate California bankruptcy Mime-Version: 1.0 Content-Type: Content-Disposition: inline In case you haven't

&E attaches its pleading respoNding
to ALJ wetzeLl's rulInG aloNg wiTh two documents PRoviDing the assumptions
SDG&E Used fOr ITs upDAtEs to EXhibits 14 ANd 18 AND  a dOcUmEnt PrOViDing a
SumMary of aLl of SDG&E's uPdaTeD analyses.  In tHE sEcond e-mail sDG&e will
provide Its UpdateS tO ExHIbit 14 aNd iN the tHird e-mAIl SDG&E Will proviDe
ITs updaTEs to ExhIBIt 18.

anniE Ruiz

Assistant to JEFfREy M. Parrott

SempRa EnerGy lAw dEParTmeNt  HQ-13

Tel: 619-696-4903  Fax: 619-699-5027

e-mAil: arUIz@semprA.CoM

<<sdg&E REPly re Wetzel(v1).DoC>> <<Exhibit 14 AsSUmpTions.dOc>>
<<exhIBit 18 AssUmptiOnS.Doc>>

updated summAry.    <<DwR Rate IncRease SUMmary.xlS>> content-transfEr-ENcoDing: QUoTeD-prInTAblE
daTe: THU, 15 MaR 2001 08:07:40 -0600
From: "TraCeY BRadleY" <tbrADLEY@braCepAtt.cOm>
To: "PAul Fox" <pfox@braCepAtt.cOM>
Cc: "andreA SettAnni" <AsEttanNi@bracEpatt.CoM>, "Charles IngebreTson"
<CingebretSon@BrAcePaTt.com>, "cHarles shoNemAn" <cshonEman@braCEpaTt.COM>,
"deAnna King" <dking@bracePaTT.CoM>, "Jeffrey watkisS"
<DwAtKIss@bracePaTt.cOm>, "GeNE godleY" <ggoDLeY@bracepaTt.com>, "KIMbErLy
Curry" <KcUrry@brAcEpaTt.cOm>, "MicHAel PAte" <mpaTe@bracepAtt.coM>, "ronald
Carroll" <rCArroll@bracepaTT.cOM>
suBJect: reuTers - US SenatE rejECts CAlifORnIa uTIlity BankrUpTCy MEasure
Mime-Version: 1.0
CoNtEnt-TypE: text/Plain; charset=Us-ASCII
ContENT-dispositIon: iNLiNE

In case you haveN't alrEady heard aBOut

&E attaches its pleading r espondingto AL J W etz el l'sRuli ng along witht wo d ocuments providing the  assu mp t ions SD G&E u sed for it s upd at es  to  E x hi bits14and 18and  a doc ume nt  providing a su mmary of a llof SDG&E's u pda ted an al yse s .  In  th e sec ond e- m ail SD G&E willpr o vide i t s updat e s  t o Ex hibit 14 and in t h et hird e-mail SD G&E wi ll pr o v ide
it s updatesto  Exhi b it 18.An n i e  Ru i z

Assistantto JeffreyM . P arrott
Sem p ra Ene rgy L aw Dep artment  HQ -13
Tel: 619 -696-4 9 03  Fax :  619-69 9-5027

E -ma il:a ru iz @se mp r a.c o m
<< S DG& E Replyre  W etzel (v1) . D O C >> < <Ex hibi t 14Assumptions.d oc> >
<< E xhi bit 1 8 Ass umpt io ns.do c>>

Updated s umma ry.    << DWR  R ate  I ncrea s e Summ ary .xl s>> Con tent-Tr a nsf er - E n co ding: quoted-print ab l e
D ate: Thu , 15 M a r20 0 1 08:07: 40  -0 600F r om: " Trac e yBradley"  <tbra d le y@ bracepa tt .com>To : " Pau l Fox "  <pf ox@bra cepatt.c om>
C c : "Andrea Sett a nni" <asettan n i@ b r ac e patt .co m>, "Charle s In g ebre tson "  <ci n gebre tson@ br a ce p att.com>, "CharlesSh oneman " <cs honeman@brace patt.com>, " Deanna K ing" <d k ing@bracepatt. com>,  "JeffreyW atkiss"
<dwa tkiss@br acepatt.c o m >, "Gene  Go dle y"<gg o d le y@bracepatt.c o m >, " Ki mberly
Cu rry" <k cur ry@ bra cep at t.com>, " MichaelPa te "<m pat e@bra c epatt.co m> , " Ro nal d
Ca r roll"<rcar roll @b ra c epa tt.com> Su b j ect:  R eu ters  -US  Sena te r e jec ts Cali fornia ut ili t y ba nk ru ptcy me asure
Mime-Ve rs ion: 1.0
C on ten t-Type : text/pla in; charset=US-ASCII
Co n tent-Di spo sitio n: i nline

In  ca se you  ha v en't a lready  hear dabo u t

&E attaches_its pleading_responding
to ALJ Wetzell's Ruling_along with_two_documents providing_the_assumptions
SDG&E used for_its updates to_Exhibits 14 and 18_and  a_document_providing a
summary of all of SDG&E's updated analyses.  In the second e-mail SDG&E_will
provide_its updates_to_Exhibit_14 and in the third_e-mail SDG&E will provide
its updates_to Exhibit_18.

Annie Ruiz

Assistant to Jeffrey M. Parrott

Sempra Energy Law_Department_ HQ-13

Tel: 619-696-4903_ Fax: 619-699-5027

E-mail: aruiz@sempra.com

<<SDG&E Reply re Wetzel(v1).DOC>> <<Exhibit 14_Assumptions.doc>>
<<Exhibit 18 Assumptions.doc>>   _  ___   _

Updated summary.   _<<DWR Rate Increase Summary.xls>> Content-Transfer-Encoding: quoted-printable
Date:_Thu, 15 Mar 2001 08:07:40 -0600
From: "Tracey_Bradley" <tbradley@bracepatt.com>
To: "Paul Fox" <pfox@bracepatt.com>
Cc: "Andrea_Settanni" <asettanni@bracepatt.com>, "Charles Ingebretson"
<cingebretson@bracepatt.com>,_"Charles Shoneman"_<cshoneman@bracepatt.com>,
"Deanna King" <dking@bracepatt.com>, "Jeffrey_Watkiss"
<dwatkiss@bracepatt.com>, "Gene_Godley" <ggodley@bracepatt.com>,_"Kimberly
Curry" <kcurry@bracepatt.com>,_"Michael Pate" <mpate@bracepatt.com>, "Ronald
Carroll" <rcarroll@bracepatt.com>
Subject:_Reuters - US_Senate rejects California utility bankruptcy measure
Mime-Version:_1.0
Content-Type:_text/plain; charset=US-ASCII
Content-Disposition: inline

In_case_you_haven't already_heard about


 on any such reproduction, in whole or in
part.  The information contained in this document may also be controlled by
the U.S. export control laws.  Unauthorized export or re-export is
prohibited.

 - Facility AGreement (blackline with KAS comment 110300).ZIP As I understand it, if the option is exercised (and the property bought)
prior to the time the LLC is owned by ENext, there is a balance sheet
impact.

From: Greg Krause/ENRON@enronXgate on 06/06/2001 03:01 PM
To: Kay Mann/Corp/Enron@Enron, Ben Jacoby/ENRON@enronXgate
cc:

Subject: RE: Midway Interconnect Agreement

Probable time for them to bless the agreements; however, since these
documents will not be executed until after closing, the obligations created
under the Property Owners Association should not have a balance sheet impact.

 -----Original Message-----
From:  Mann, Kay
Sent: Wednesday, June 06, 2001 12:29 PM
To: Krause, Greg; Jacoby, Ben
Subject: RE: Midway Interconnect Agreement

Greg and Ben,

So is it about time to get Lisa, Herman and Rose involved in the PAD stuff?

Kay

From: Greg Krause/ENRON@enronXgate on 06/06/2001 12:07 PM
To: Kay Mann/Corp/Enron@Enron
cc:

Subject: RE: Midway Interconnect Agreement

Kay,

A&K did the title committment work and is now working on the Property
Association Documents (as is Greenberg Traurig in West Palm Beach).  Ann
Elizabeth's
last email message to me before she went on vacation was that A&K was the
designated hitter for the Midway Project.    You have been copied on those
docs which we desparately need to get to Cooney Midway Groves, the property
owner.  As far as I know, they have not been involved in anything else
related to Midway this year.

Christi left me a message saying that Lloyd Will or one of his guys needs to
review the Interconnction Agreement. I do not know Lloyd.

Greg

PS we had a

on any such reproduction, in whole or in
 part.   The information control in this text file may also be controlled by
 the U.S. export restraint law.   Unauthorized export or re - export is
 prohibited.

  - Facility AGreement (blackline with KAS gossip 110300).ZIP As I sympathize it, if the option is exercised (and the property bought)
 prior to the time the LLC is own by ENext, there is a balance sheet
 impact.

 From: Greg Krause / ENRON@enronXgate on 06/06/2001 03:01 prime minister
 To: Kay Mann / Corp / Enron@Enron, Ben Jacoby / ENRON@enronXgate
 cc:

 Subject: RE: Midway Interconnect Agreement

 Probable time for them to bless the agreements; however, since these
 document will not be executed until after closing, the obligations create
 under the Property Owners Association should not have a balance sheet impact.

  -----Original Message-----
 From:   Mann, Kay
 Sent: Wednesday, June 06, 2001 12:29 autopsy
 To: Krause, Greg; Jacoby, Ben
 Subject: RE: Midway Interconnect Agreement

 Greg and Ben,

 So is it about time to get Lisa, Herman and Rose involve in the PAD stuff?

 Kay

 From: Greg Krause / ENRON@enronXgate on 06/06/2001 12:07 PM
 To: Kay Mann / Corp / Enron@Enron
 cc:

 Subject: RE: Midway Interconnect Agreement

 Kay,

 A&K did the title committment work and is now working on the Property
 Association Documents (as is Greenberg Traurig in West Palm Beach).   Ann
 Elizabeth's
 last email message to me before she went on vacation was that A&K was the
 designated hitter for the Midway Project.     You have been copied on those
 docs which we desparately need to have to Cooney Midway Groves, the property
 owner.   As far as I know, they have not been imply in anything else
 related to Midway this year.

 Christi left me a message say that Lloyd Will or one of his guys needs to
 review the Interconnction Agreement. I do not know Lloyd.

 Greg

 PS we had a

 on any such reproduction, ik whole or in
parj.  The iiformatjon contxined in this document may apsi be xontrolled by
the U.S. exoort contgol laws.  Unanthorized export or re-exijrt jd
prokiuited.

 - Facility AGreement (blackline witv YAD comment 110300).ZIP As I understand it, if the opyiln is exerciseq (anc the iriperty bought)
prior to the tije the NLC is owned ny ENext, there is a balancf shfet
impact.

From: Ggeg Krause/EBRON@qbronXgate on 06/06/2001 03:01 PM
To: Kaj Mann/Corp/Ehron@Enron, Ben Jacoby/ENRON@enronXeate
ce:

Subject: TZ: Miffay Intercoinect Wgreement

Pronsble thme for them to bless thx ageeements; however, sincx these
documents wijl not be erecuted until after coowing, jhe otligxriovs drxatsd
undfr vhe Propertg Owners Aswociation should nou hwnr a balance aheet ym[act.

 -----Original Message-----
From:  Mann, Kay
Sett: Sednesday, June 06, 2001 12:29 PM
To: Jrause, Greg; Jacoby, Bej
Subject: WE: Midway Interconnect Agreement

Greg and Ben,

So is it auojt uine to teh Lisa, Herman and Rose involved in the PAD sttrf?

Laj

From: Greg Krause/CNRON@enronXgate on 06/06/2001 12:07 PK
Jo: Kay Mann/Cork/Enron@Eudoh
cc:

Subject: RE: Mifway Injerconbect Agretment

Lay,

A&K did the title committnent work anb iw now working on tke Property
Cssocistion Documents (as is Greenbzrg Trzurig in Wedt Palm Bsxch).  Ann
Elizabegh's
kavt email message to me befjre she wxnt ou vacatiun wss thae A&K was tje
designated hitter for the Ligway Projeft.    You have been copied on tipse
docs whivh we desparacely nced to get to Cjoney Midway Gtoves, the propdrty
owner.  As fac as I know, ehey have not heen involvev in anytring elsw
relatda to Midway thos year.

Chgifti oeft me a message xaykhg that Lloyd Wnuo or one of his guhs gevds tj
review the Hntefcovmctiov Agreement. K do not know Lloyd.

Greg

PV we had a

on any such reproduction, in whole or The contained in document may also export laws. Unauthorized export re-export is prohibited. Facility AGreement (blackline with KAS comment As I understand it, if the option is exercised (and the property bought) to the time the LLC is owned by ENext, there is a balance impact. Greg on 03:01 PM To: Kay Mann/Corp/Enron@Enron, Ben Jacoby/ENRON@enronXgate cc: Subject: RE: Midway Interconnect Agreement Probable time for to bless the agreements; however, since these documents not be executed until closing, the obligations created under Property Association should have balance impact. -----Original Message----- Mann, Kay Sent: Wednesday, June 06, 2001 12:29 PM To: Krause, Greg; Jacoby, Ben Subject: RE: Midway Agreement Greg So is about to Lisa, Herman and in the PAD stuff? Kay From: 06/06/2001 12:07 PM To: Kay Mann/Corp/Enron@Enron cc: Subject: Midway Interconnect Kay, A&K did the title committment and is now working on the Property Association (as is Greenberg Traurig in West Palm Beach). Ann Elizabeth's last email message to me went on vacation was A&K was the hitter the Project. have been on those docs which we desparately need to get to Cooney Groves, the property owner. As far as I know, they been in anything else to Midway this year. left a message saying that or of to the Agreement. I do not Lloyd. Greg PS we had

 on any such reproduction, in whOle or in
parT.  The iNfoRmaTiOn coNtaiNed in this documENt maY also be controlled by
the u.S. expOrT ContROl Laws.  UNauthorIZeD EXpoRt Or Re-eXpORt Is
proHibIted.

 - FacIlity AGreeMenT (bLackline with kaS Comment 110300).ZIP as I Understand it, If tHe optiOn Is eXErcisEd (aNd the ProperTY boughT)
prior to tHe TIme the llC is ownED By eNexT, there is a balance sHEeT
Impact.

From: Greg krause/eNroN@ENRonxgaTe on 06/06/2001 03:01 PM
To: KaY MAnn/CoRP/Enron@ENRoN, bEN JaCOby/ENRON@enronxgate
cc:

SubjECt: Re: MidwaY INteRConnecT AgreEmENt

PRobable time For tHem to blesS the agREements; HOwever, sInce thEse
DocUmenTS wIlL noT bE ExeCUtEd uNTil After cloSiNg, The obLigaTIONS creAteD
undEr the property OwnerS AsSociATioN shouLd not Have A bAlancE sheet ImpacT.

 -----ORiginal Message-----
FRom:  MAnn, Kay
SenT: WeDnEsdAy, june 06, 2001 12:29 Pm
to: KrauSe, GReg; jacoby, BEn
SubjeCT: RE: miDWAY INterconnect AgreemeNt

gREg And Ben,

So Is it abOUt TiME to get LiSa, herMan aND rose iNvolVEd In the PAD Stuff?

KAY

FRoM: Greg KrAuSe/ENROn@eNroNXgAte on 06/06/2001 12:07 pm
To: KAy Mann/corp/EnroN@EnroN
Cc:

Subject: RE: MidWAy InterconnecT agREEmENt

KaY,

A&K Did the title CommITtmeNt woRK aNd iS Now woRking On THe pRoperty
Association DOcUments (As is GReenberg TraurIg in West PaLM bEach).  Ann
ELizaBEtH'S
last email messAge to Me before shE Went on vaCatioN was that a&K was the
dESIgnated hIttEr fOr tHe MIDWaY Project.    You haVE Been CoPied on tHosE
docs whIch We dEspAraTeLy need to gEt to CoonEy miDwAy groVes, thE Property
OwNer.  as Far As I knOW, they hAve noT beeN iNvOLveD in anytHInG ELse
rElAtEd to midWaY this Year.

cHriSti left Me a messagE saYIng tHaT LLoyd WilL or one of his guYs Needs to
revIeW thE InterCONnction AGreement. I do not know Lloyd.

gReg

PS we Had A

 on any such reproduction,  in wholeor in
pa rt.  Theinfo rmation contai n ed i n this document may al so be  c o ntro l le d bythe U.S .  e x p ort  c on tro ll aw s.  U nau thorize d export o r r e- export is
pr o hi bited.

- F acility AGre eme nt (bl ac kli n e wit h K AS co mment1 10300) .ZIP As I  u n dersta n d it, i f th e op tion is exercised (a n d the property  bough t)
p r i ortothe time t he  LLCi s owned by E N ext ,  there is a b alance shee t
i mpact.

F rom: G reg K ra u se/ ENRON@enron Xgat e on 06/0 6/2001 03:01 P M
To: Ka y Mann /Co rp/ Enro n @E nr on,  B e n J a co by/ E NRO N@enronX ga te
cc:

S u b j e ct:RE:  Mid way I nterconnect A gre emen t

P robab le ti me f or  them  to bl ess t he  agreements; ho weve r, sincethe se
d oc ument s  willnot  be  execut ed unti l  af te r c lo sing, the obligati on s cr eated
u nder t h ePr o perty Ow ne rsAsso c i ation  sho u ld  not hav e a ba l an ce  sheetim pact.
--- --O rigin a l Me ssage- ----
Fro m:  M a nn, Kay
Sent :  Wednesday, J u ne 0 6, 2001  12 :29 PM
To:Krau s e, G reg; Ja cob y , Ben
Subj ec t :R E: Midway Interconn ec t Agre ement

Greg and Be n,

So isi t about ti me t o  g e t Lisa, Herman  andRose invol v ed in th e PAD  stuff?
Kay

Fr o m : Greg K rau se/ ENR ON@ e n ro nXgate on 06/ 0 6 /200 112:07 P M
T o: KayMan n/C orp /En ro n@Enron
c c:

Su bj ec t:  R E:Midwa y  Interco nn ect  A gre ement
Kay,
A&Kdidth et itl e commi t tm e n t wo rk  a nd i s n ow  work ingo n t he Prop erty
Ass oci a tion  D oc uments(as is Greenb er g Traurigin  We st Pal m Beach). Ann
Elizabeth's
laste mail me ssa ge to  mebefore sh e w ent on  va c ationwas th at A& Kwas t he
d e s ig nat ed  hitter fo r the  Midw ay  Pro ject.   You have been co p ied  on those
do cswhic h we  de s pa r ate ly nee d to get to Coone y Midway G ro v es , the prop e rty  owner. As far  as I know, t hey havenot beenin volv e d  in  anythingelse
re lated toM idway th is ye ar.

Chri st i l eft m e a me s sag e say ing th at  Lloyd  Will  o r one of  his guys needs to
rev iew th e Int erc onnctionAgr e eme nt. I donotknow Lloyd .
Gre g

PS  we had a

 on_any such_reproduction, in whole or_in
part. _The_information contained_in_this document may_also be controlled_by
the U.S. export control_laws.  Unauthorized_export_or re-export is
prohibited.

 - Facility AGreement (blackline with KAS comment 110300).ZIP As I understand_it,_if the_option_is_exercised (and the property bought)_
prior to the time the_LLC is_owned by ENext, there is a balance sheet_
impact._

From: Greg_Krause/ENRON@enronXgate on 06/06/2001 03:01 PM
To: Kay Mann/Corp/Enron@Enron, Ben Jacoby/ENRON@enronXgate
cc:_

Subject: RE: Midway Interconnect Agreement

Probable_time for them_to_bless_the agreements; however, since_these
documents will not be executed_until after closing, the obligations created_
under the Property Owners Association should not_have a balance sheet impact.

 -----Original_Message-----
From:  Mann, Kay _
Sent: Wednesday,_June 06, 2001 12:29 PM
To:_Krause, Greg; Jacoby,_Ben
Subject: RE:_Midway Interconnect Agreement

Greg_and Ben,

So is it about time_to get Lisa,_Herman and Rose involved in the_PAD_stuff?

Kay

From: Greg Krause/ENRON@enronXgate_on_06/06/2001_12:07 PM
To:_Kay Mann/Corp/Enron@Enron
cc: _

Subject:_RE: Midway_Interconnect_Agreement

Kay,

A&K did the title committment work_and_is now working on the Property
Association_Documents (as is Greenberg_Traurig_in West Palm Beach)._ Ann
Elizabeth's
last email message_to me before she went on_vacation was_that A&K_was the
designated hitter for the Midway Project.   _You have been copied on those_
docs which we desparately_need to_get_to Cooney Midway_Groves,_the property_
owner.  As far as I know,_they have_not been involved in anything else_
related to Midway this_year.

Christi_left me a message saying that_Lloyd Will or one of his_guys needs to
review the_Interconnction_Agreement._I do not know Lloyd.

Greg

PS_we had a


 St Clair@ECT
02/02/2000 10:32 AM
To: Jeffrey Keeler/Corp/Enron@ENRON
cc: Mark Taylor/HOU/ECT@ECT

Subject: Bankruptcy Legislation

Jeff:
How are you doing?  Hope things are going well with you and your family.  Can
you e-mail me with an update of where things stand on the legislative front,
particularly with respect to the derivatives legislation that we were
lobbying for?  Our traders want very much to be able to use Master Netting
Agreements with certain of their counterparties and we are currently
exploring the possibility of accommodating them, subject to the bankruptcy
concerns that we may have.  I look forward to hearing from you.
Carol Title: Is the Supply Rebound Beginning? An Update on CERA's Outlook for US
Gas Productive Capacity
URL: http://www20.cera.com/eprofile?u=35&m=2334

IS THE SUPPLY REBOUND BEGINNING? AN UPDATE ON CERA'S OUTLOOK FOR US GAS
PRODUCTIVE CAPACITY

* Update on the Progress of the Supply Rebound in the Near and Medium Term
* The Gulf of Mexico - Slower and Lower Recovery Ahead
* Upstream 'Hotspots' - Their Contribution to the Reversal of the Decline
* Could the Supply Rebound Disappoint or Exceed Expectations? Near Term,
Medium Term

FORMAT
Our speaker will address this topic for 30 minutes, with accompanying graphics
presented on the internet, followed by an open question and answer period.

SPEAKER
Robert Esser, CERA Senior Consultant and Director, Global Oil and Gas
Resources

TIME
11:00 A.M. Eastern, Tuesday, April 10, 2001

ELIGIBILITY
Clients eligible to participate in this conference call are those who
subscribe
to the CERA North American Gas Retainer Advisory Service.

TO ENROLL
To enroll, please send a fax to Katya Ashe at (617) 497-0423, or send an
e-mail
to kashe@cera.com before 4:00 P.M., MONDAY, APRIL 9, 2001.

TO

St Clair@ECT
 02/02/2000 10:32 AM
 To: Jeffrey Keeler / Corp / Enron@ENRON
 cc: Mark Taylor / HOU / ECT@ECT

 Subject: Bankruptcy Legislation

 Jeff:
 How are you doing?   Hope things are go well with you and your syndicate.   Can
 you e - mail me with an update of where things stand on the legislative front man,
 particularly with respect to the derivative legislation that we were
 lobby for?   Our traders want very much to be able to use Master Netting
 Agreements with certain of their counterparties and we are presently
 exploring the possibility of accommodating them, subject to the bankruptcy
 concern that we may have.   I attend forward to hearing from you.
 Carol Title: Is the Supply Rebound begin? An Update on CERA's Outlook for US
 Gas Productive Capacity
 URL: http://www20.cera.com/eprofile?u=35&m=2334

 IS THE SUPPLY REBOUND BEGINNING? AN UPDATE ON CERA'S lookout FOR US GAS
 PRODUCTIVE CAPACITY

 * Update on the Progress of the Supply Rebound in the Near and Medium Term
 * The Gulf of Mexico - Slower and Lower Recovery Ahead
 * Upstream' Hotspots' - Their Contribution to the Reversal of the Decline
 * Could the Supply Rebound Disappoint or Exceed Expectations? Near Term,
 Medium Term

 FORMAT
 Our speaker will cover this topic for 30 minute, with accompanying graphics
 presented on the internet, follow by an open question and answer period.

 SPEAKER
 Robert Esser, CERA Senior Consultant and Director, Global Oil and Gas
 Resources

 TIME
 11:00 A.M. Eastern, Tuesday, April 10, 2001

 ELIGIBILITY
 Clients eligible to enter in this league call option are those who
 subscribe
 to the CERA North American Gas Retainer Advisory Service.

 TO ENROLL
 To enroll, please send a fax to Katya Ashe at (617) 497 - 0423, or send an
 e - mail
 to kashe@cera.com before 4:00 P.M., MONDAY, APRIL 9, 2001.

 TO

 St Clair@ECT
02/02/2000 10:32 AM
To: Jeffrey Yeeler/Corp/Enron@GNEON
cc: Kark Tzylor/HOU/DCT@ECT

Subject: Bankruptcy Lejislqtion

Heff:
How are you doing?  Hope thijgs are toinj well with you ehd your familg.  Cau
bou e-mail me wijh an update of where thincs scand on the legislative front,
partictlarly eihh respect to jhe dtridatibvs legislation that we were
lobgying fmr?  Our tradets want very much to be abpe tl use Master Nettijg
Agreemenja wyrh certain ow their coluterparties and we are currently
exploring the 'ossibility od afwommodating them, subject to bne bannruptcy
concerns that we mat have.  I look forwarv to hearing from yoo.
Carol Titne: Is the Supply Revoynd Bgginnhng? Xb Uodaue pn CERA's Ouvlook for UA
Gas Produxtive Capacity
URL: hutp://rqw20.cera.com/eprorile?u=35&m=2334

YS THE SUPPLY REBOUND BEGINNING? AN UPDATE ON CERA'S OUTLOOK FOR US GQS
PRODUCTIVE CAPACITY

* Update og the Progress of the Supply Rebound in the Near dnd Mxdkum Tcrm
* Gye Gulf of Mexico - Slower and Lower Recovery Ahqzd
* Uistream 'Hotspots' - Their Conttihuyyon to the Rexersal of the Decline
* Could the Sukply Rwbound Difapppint or Exceed Expectations? Near Term,
Mebiun Term

FORMAT
Our spzaker will abdress this topic for 30 minutes, witk accojpanying grwphics
preadnted on the intdrnvt, fmllowed by an open questiog and ansxer pzriod.

SPEXKER
Tobert Qsser, CERA Senior Consultant and Dlrectlr, Global Oip and Gas
Resources

TIME
11:00 A.M. Eastxcn, Tuesday, Aptil 10, 2001

ENIGIBILICY
Cliekts eligible to participate iu this cjnferdnce call zre thove who
subssribe
to the CATA North Amermcan Gas Wetauner Advisofh Service.

TO ENTOLL
To engojl, poease send a fax tp Kxfya Ashe at (617) 497-0423, ox wend an
e-mail
to karhe@sega.cpm tefore 4:00 P.M., MMNDAH, AOTIL 9, 2001.

GO

St Clair@ECT 02/02/2000 10:32 AM To: Jeffrey Mark Subject: Bankruptcy Jeff: How are going with you and family. Can you me with an update of where stand on the legislative front, particularly with respect to the derivatives legislation that were lobbying for? Our traders want very much to be able to use Netting with of counterparties and we are currently exploring the possibility of accommodating them, subject to the bankruptcy concerns we may have. I look forward to hearing you. Carol Title: Is Supply Rebound Beginning? An Update CERA's for US Productive URL: IS THE SUPPLY BEGINNING? AN UPDATE ON CERA'S OUTLOOK FOR US GAS PRODUCTIVE CAPACITY * Update on the Progress of Supply Rebound Near and Term The of Mexico - Lower Recovery Ahead * Upstream 'Hotspots' to the Reversal of the Decline * Could Supply Rebound or Exceed Expectations? Near Term, Medium FORMAT Our speaker will address this topic for minutes, with accompanying graphics presented on the internet, followed by an open question and answer Robert Esser, CERA Senior and Director, Global and Resources 11:00 Eastern, Tuesday, 10, 2001 ELIGIBILITY Clients eligible to participate in this conference call those who subscribe to the CERA North American Gas Retainer TO To enroll, please a fax to Katya at 497-0423, or send an kashe@cera.com 4:00 9, TO

 St Clair@ECT
02/02/2000 10:32 AM
To: Jeffrey KeelEr/Corp/EnroN@ENROn
cc: marK TAyloR/HOU/eCT@ECT

Subject: BANkruPtcy Legislation

Jeff:
How Are yoU dOIng?  HOPe ThingS are goiNG wELL wiTh YoU anD yOUr FamilY.  CaN
you e-maIl me with an UpdAtE of where thinGS sTand on the lEgiSlative front,
ParTiculaRlY wiTH respEct To the DerivaTIves leGislation ThAT we werE
LobbyinG FOr?  our tRaders want very mucH To BE able to use MastEr NettInG
agREEmeNts With certaiN oF theiR CounterPArTIES anD We are currentlY
exploring tHE poSsibilItY of ACcommoDatinG tHEm, sUbject to the BankRuptcy
conCerns tHAt we may HAve.  I looK forwaRd tO heArinG FrOm You.
caROl TITlE: Is THe SUpply RebOuNd beginNing? aN uPDate On CeRA's outloOk for US
Gas ProDucTive cApaCity
UrL: httP://www20.CeRa.com/EprofiLe?u=35&m=2334

Is ThE SUPPLY REBOUND bEGInNING? AN UPdATe On CErA's OUTLooK FOR Us GAs
PRoDUCTIVe CAPACIty

* UpDaTE ON tHe Progress of the SupPlY rEbOund in thE Near aND MEdIUm Term
* ThE GUlf Of MeXICo - SloWer aND LOwer RecoVery AhEAd
* upStream 'HOtSpots' - THeIr COntRibutIOn to The RevErsal of tHe DecLIne
* Could the SupPLy Rebound DisaPPoINT oR exceEd EXpectations? near tErm,
MEdiuM teRm

ForMAT
OUr speAkER wILl address this topic fOr 30 MinuteS, with Accompanying gRaphics
preSENTed on the InteRNeT, Followed by an opEn queStion and anSWer perioD.

SPEAkER
RoberT Esser, CERa sEnior ConSulTanT anD DiRECtOr, Global Oil anD gAs
ReSoUrces

TImE
11:00 A.m. EasterN, TuEsdAy, APriL 10, 2001

ElIGIBILITy
Clients ElIgIbLe To pArticIPate in thIs ConFeRenCe calL Are thoSe who
SubsCrIbE
To tHe CERA NORtH aMeriCaN GAs ReTaiNeR AdviSory sErvIce.

TO ENrOLL
To enrOll, PLeasE sEnD a fax to katya Ashe at (617) 497-0423, or SeNd an
e-mail
tO kAshE@cera.cOM Before 4:00 P.M., mONDAY, APRIL 9, 2001.

TO

 St Clair@ECT
02/02/2000 1 0:32 AM
To : Jef fre y K ee ler/ Corp /Enron@ENRON
c c : Ma rk Taylor/HOU/ECT@ECT

Sub je c t: B a nk ruptc y Legis l at i o n
Je ff :
H ow ar e you  do ing?  H ope things  ar egoing well w i th  you and y our  family.  Ca n you e- ma ilm e wit h a n upd ate of wherethings st an d  on th e  legisl a t iv e fr ont,
particularl y  w i th respect tothe de ri v at i v esleg islation t ha t wew ere
lo b by i n g  fo r ?  Our trader s want very muc h to b eabl e  to us e Mas te r  Ne tting
Agre emen ts with c ertain of thei r  counte rparti esand  wea re  c urr en t lyex plo r ing  the pos si bi lityof a c c o m moda tin g th em, s ubject to the  ba nkru p tcy
con cerns  tha twe ma y have .  Ilo ok forward to h eari ng from y ou.
C aro lTitle :  Is th e S upp ly Rebo und Beg i nni ng ? A nUpdate on CERA's O ut l o ok  for US
Gas P r od uc t ive Capa ci tyURL: h ttp:/ /www 2 0. cera.com /eprof i le ?u =35&m=2 33 4

IS  T HESUP PLY R E BOUN D BEGI NNING? A N UPD A TE ON CERA'S O U TLOOK FOR USG AS P RO D UCTI VECAPACITY

*  Upd a te o n th e  P rog r ess o f the  S u pp l y Rebound in the Ne ar  and M edium  Term
* The G ulf of Mex i c o  - Slowe r an d  L o wer Recovery A head* Upstream 'Hotspot s' -Their Co ntributio n to the R eve rsa l o f t h e  D ecline
* Coul d theSu pply Re bou nd Disa ppo int  or  Ex ce ed Expect ations?Ne ar  T er m,Mediu m  Term

F OR MAT
O urspeak e r will  addr essth is top ic for3 0m i nute s,  w ithacc om panyi ng g r aph ics
pre sented on  th e  int er ne t, foll owed by an op en  questionan d a nswerp e riod.

S PEAKER
Robert Esser, CE R A Senio r C onsul tant  and Dire cto r, Glo bal Oil an d Gas
Reso ur ces TIME1 1 :0 0 A .M . Eastern, T ues day,Ap ril10, 200 1

ELIGIBILITY
Cli e nts  eligible topar tici p a te  in th i s c on f ere n c e call are thos e who
sub sc r ib e
to the C E RANo rth Ame rican G as Re t ainer A dvisory S ervice.
TO  ENR O L L
T o enroll,please s end a fax to Ka t ya  Ashe  at  (617)  4 97- 0423,  or se n d a n
e- mail
t okashe@ cera. co m before  4:00 P.M., MONDAY, APR IL 9,2001.

T O

 St_Clair@ECT
02/02/2000 10:32_AM
To: Jeffrey Keeler/Corp/Enron@ENRON
cc: Mark_Taylor/HOU/ECT@ECT

Subject:_Bankruptcy_Legislation

Jeff:
How are_you_doing?  Hope_things are going_well with you and_your family. _Can_
you e-mail me with an update of where things stand on the legislative front,_
particularly_with respect_to_the_derivatives legislation that we were_
lobbying for?  Our traders_want very_much to be able to use Master Netting_
Agreements_with certain of_their counterparties and we are currently
exploring the possibility_of accommodating them, subject to the_bankruptcy
concerns that_we_may_have.  I look_forward to hearing from you.
Carol Title:_Is the Supply Rebound Beginning? An_Update on CERA's Outlook for US
Gas_Productive Capacity
URL: http://www20.cera.com/eprofile?u=35&m=2334

IS THE SUPPLY REBOUND_BEGINNING? AN UPDATE ON CERA'S_OUTLOOK FOR_US GAS
PRODUCTIVE CAPACITY

* Update on_the Progress of_the Supply_Rebound in the_Near and Medium Term
* The Gulf_of Mexico -_Slower and Lower Recovery Ahead
* Upstream_'Hotspots'_- Their Contribution_to_the_Reversal of_the Decline
* Could_the_Supply Rebound_Disappoint_or Exceed Expectations? Near Term,
Medium Term

FORMAT
Our_speaker_will address this topic for 30 minutes,_with accompanying graphics
presented on_the_internet, followed by an_open question and answer period.

SPEAKER
Robert_Esser, CERA Senior Consultant and Director,_Global Oil_and Gas_
Resources

TIME
11:00 A.M. Eastern, Tuesday, April 10, 2001

ELIGIBILITY
Clients eligible to participate in_this conference call are those who_
subscribe
to the CERA North_American Gas_Retainer_Advisory Service.

TO ENROLL
To_enroll,_please send_a fax to Katya Ashe at (617)_497-0423, or_send an
e-mail
to kashe@cera.com before 4:00_P.M., MONDAY, APRIL 9,_2001.

TO