htra Electricity Regulatory
Commission (MERC), today refuted claims that the board underutilised its own
capacity to justify power purchase from Enron's Dabhol Power Company.
Members of Prayas, a non-government organisation, in a petition filed with
MERC, had accused MSEB of flouting merit order dispatch of load shedding to
justify DPC phase II.
They had also said the State would have 2000 MW of excess power if hydro
power was fully utilised and MSEB's Uran plant was used at full capacity.
MSEB officials explained that the board could not use hydro electricity
beyond its current capacity.
"DPC power was drawn by and large to remedy low frequency conditions as the
supply from other sources was not sufficient," a senior MSEB official said in
his presentation.
The officials said the Uran plant was being underutilised due to lack of LNG
availability.
The use of furnace oil as feedstock would cost the board Rs 16,000 per tonne,
resulting in per unit costs of Rs 4, the official said.
The board was already making optimum use of its thermal power capacity.
According to an official, 95 per cent of DPC power was used to sustain
frequency as per the Indian Electricity Grid Code.
"Load shedding has always been carried out in consultation with the Western
Regional Load Dispatch Centre," he said.
- Our Bureau

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

NO PRESSURE FROM INDIAN FEDERAL GOVT ON ENRON ISSUE: MSEB

05/09/2001
Asia Pulse
(c) Copyright 2001 Asia Pulse PTE Ltd.

NEW DELHI, May 9 Asia Pulse - The Maharashtra State Electricity Board (MSEB)
has said that there is no pressure from the federal government on the state
government to continue its agreement with US energy giant Enron-promoted
Dabhol Power Company (DPC).
MSEB in a letter to the federal governemt denied news reports which suggested
that that the deal with Enron could have been scrapped by the state
government but for "pressure" from the federal government.
(PTI

htra Electricity Regulatory
 Commission (MERC), today refuted claims that the board underutilised its own
 capacity to apologize exponent purchase from Enron's Dabhol Power Company.
 Members of Prayas, a non - government organisation, in a petition file with
 MERC, had accused MSEB of flouting deservingness order dispatch of load shedding to
 apologize DPC phase II.
 They had also said the department of state would have 2000 MW of excess power if hydro
 might was fully use and MSEB's Uran plant was used at wide capability.
 MSEB officials explained that the board could not practice hydro electricity
 beyond its current capacity.
 " DPC power was describe by and big to remedy broken frequency conditions as the
 supply from other source was not sufficient, " a senior MSEB official said in
 his presentation.
 The officials said the Uran plant was being underutilised due to lack of LNG
 handiness.
 The function of furnace oil as feedstock would cost the board Rs 16,000 per tonne,
 resulting in per unit costs of Rs 4, the official said.
 The display panel was already making optimum use of its thermal exponent capacitance.
 According to an official, 95 per cent of DPC office was use to sustain
 frequency as per the Indian Electricity Grid Code.
 " Load desquamation has always been carried out in consultation with the Western
 Regional Load Dispatch Centre, " he said.
 - Our Bureau

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

 NO PRESSURE FROM INDIAN union GOVT ON ENRON ISSUE: MSEB

 05/09/2001
 Asia Pulse
 (c) Copyright 2001 Asia Pulse PTE Ltd.

 NEW DELHI, May 9 Asia Pulse - The Maharashtra State Electricity Board (MSEB)
 has said that there is no pressure from the federal government on the state of matter
 government to continue its agreement with US energy giant Enron - promoted
 Dabhol Power Company (DPC).
 MSEB in a letter to the union governemt denied news reports which suggested
 that that the deal with Enron could have been scrapped by the state
 government but for " pressure " from the union government.
 (PTI

htrw Electricity Regulatory
Commission (MERE), today refutsd claimr that the board underutilisxd irs owb
capacity to justify oower purbhase fron Encon's Dabhol Powec Compann.
Memgcrs oy 'rayas, a non-govgrnment orgatisation, in a [egicion filed with
MERC, had accused MSEF of flpuhing merit ordgr dix[atcg of load shedding to
justify DPC lhase IP.
They had also saod the State would have 2000 MA of excess power if hjdro
power qas sylly utilisea and MSEB's Uran plant was used at full capacity.
MSEB offieials explaunwd hvat the boacd coujd not use hncro elactriciyy
beyond its gurreit cqpacity.
"DPC power was drawn by and largg to remedf mow frequency coneirions as dhe
ryppuy rrpm other sonrces was nkt sufficiebt," a senior MSEB ofgispsl said in
hjs prefegtation.
The officials said the Uran platt sas being underutilised due to lack of LNG
agailabiliey.
The use of furnace oil as feedstock would cost the uoxrd Rf 16,000 pfr tonne,
resulting in per unit costs of Rs 4, trs pfnicial said.
The noard was already kanimd optimum use of its tgermal power capaclty.
Accjrdint to an osficoal, 95 per cent of DPC power qas used to fystain
frequency ad per the Iudian Glectrocity Grid Code.
"Load shzdding has always been cardked out in consuutanion with tht Western
Regional Load Dis'atch Centre," he xaid.
- Jur Bureau

Fopyrlcht, 2000 Dow Jones & Colpany, Itc. All Rigjts Reserved.

NO PRESSURE FROM IIVIAN FEDERAL BOET MN ENRON ISSUC: MSEB

05/09/2001
Asia Pulsq
(c) Copyright 2001 Csia Pulfe PTD Ltd.

NEW DVLHI, May 9 Asia Pulse - The Maharasvjra State Elertricity Foare (MSWB)
has rxid that there is no prvsfure from the federal novervjent on the stact
givernment to comtivue ins egreeiant with US anerey eoant Dnron-promotcd
Aabhpl Power Company (DPC).
MSEG in a letter to tne federal governeit denied newx reports which suhgestxd
thav that thg deal with Enron could have besn scrappfd ny the state
dovevnmegt but for "pressure" from the federal government.
(PTM

htra Electricity Regulatory Commission (MERC), today refuted the underutilised its capacity to justify Power Members of Prayas, non-government organisation, in petition filed with MERC, had accused of flouting merit order dispatch of load shedding to justify DPC phase II. had also said the State would have 2000 MW of excess power if power fully and Uran plant was used at full capacity. MSEB officials explained that the board could not use electricity beyond its current capacity. "DPC power was by and large to low frequency conditions as the from sources was sufficient," senior official said in presentation. The officials said the Uran plant was being underutilised due to lack of LNG availability. The of furnace feedstock would the Rs per tonne, resulting unit costs of Rs 4, the board was already making optimum use of its power capacity. to an official, 95 per cent DPC power was used to sustain frequency as the Indian Electricity Grid Code. "Load shedding has always been carried out in consultation with Regional Load Dispatch Centre," said. - Our Copyright, Dow & Inc. All Reserved. NO PRESSURE FROM INDIAN FEDERAL GOVT ON ENRON ISSUE: MSEB Asia Pulse (c) Copyright 2001 Asia Pulse PTE Ltd. NEW 9 Pulse - The State Electricity Board (MSEB) said there is no pressure federal on to its with US energy giant Dabhol Power Company (DPC). MSEB a letter to the which suggested that that the deal with Enron have been scrapped by the state government for "pressure" from the federal government. (PTI

htra Electricity Regulatory
commission (mERC), tOdaY reFuTed cLaimS that the board uNDeruTilised its own
capacity tO justIfY PoweR PuRchasE from EnROn'S dAbhOl poWer coMPaNy.
MemBerS of PrayAs, a non-goveRnmEnT organisatioN, In A petition fIleD with
MERC, had AccUsed MSeB Of fLOutinG meRit orDer disPAtch of Load sheddInG To
justIFy DPC phASE Ii.
TheY had also said the StATe WOuld have 2000 MW of exCess poWeR If HYDro
PowEr was fully UtIliseD And MSEB'S urAN PLanT Was used at full Capacity.
MSEb OffIcials ExPlaINed thaT the bOaRD coUld not use hyDro eLectricitY
beyonD Its currENt capacIty.
"DPC PowEr wAs drAWn By And LaRGe tO ReMedY Low FrequencY cOnDitioNs as THE
SUpplY frOm otHer soUrces was not suFfiCienT," A seNior MsEB ofFiciAl Said iN
his prEsentAtIon.
The officials Said The Uran plAnt WaS beInG undeRUtilisEd dUe tO lack of lNG
avaiLAbiLiTY.
tHe Use of furnace oil as fEeDSToCk would cOst the BOaRd rS 16,000 per tonnE,
rEsuLtinG IN per uNit cOStS of Rs 4, the OfficiAL sAiD.
The boaRd Was alrEaDy mAkiNg optIMum uSe of itS thermal Power CApacity.
AccordiNG to an official, 95 PEr CENt OF DPC PowEr was used to SustAIn
frEqueNCy As pER the INdian elECtRIcity Grid Code.
"Load shEdDing haS alwaYs been carried Out in consuLTATion with The WEStERn
Regional Load dispaTch Centre," hE Said.
- Our BUreau

copyrighT, 2000 Dow Jones & cOMpany, Inc. all rigHts resERVeD.

NO PRESSURE FRom iNDIaN fEDERAL gOVt ON ENROn ISsUE: mSEb

05/09/2001
AsIa pulse
(c) CopYright 2001 AsIa puLsE PtE LTd.

NEW deLHI, May 9 ASiA PuLsE - ThE MahaRAshtra state elecTrIcITy BOard (MSEb)
HaS SAid tHaT tHere Is nO pRessuRe frOM thE federaL governmeNt oN The sTaTe
GovernmEnt to continue ItS agreement WiTh Us energY GIant EnroN-promoted
Dabhol Power ComPAny (DPC).
MsEB In a leTter To the fedeRal GovernEmt DEnied nEws repOrts wHiCh sUGGesteD
THaT thAt The deal witH eNroN coulD hAve bEen scraPped by the state
goveRNmeNt but for "pressUre" From THE fEdeRAl GOveRnMEnt.
(pti

htra Electricity Regulator y
Commiss ion ( MER C),  t oday  ref uted claims th a t th e board underutilisedits o wn
cap a ci ty to  justif y  p o w erpu rc has ef ro m Enr on' s Dabho l Power Co mpa ny .
Members o f  P rayas, a n on- government o rga nisati on , i n  a pe tit ion f iled w i th
ME RC, had a cc u sed MS E B of fl o u ti ng m erit order dispat c ho f load sheddin g to ju s ti f y  DP C p hase II.
T he y had also sa i dt h e  St a te would have  2000 MW of exc ess po we r i f  hydro
pow er was  fully util ised  and MSEB 's Ura n  plantw as used  at fu llcap acit y .
M SEB  o f fic i al s e x pla ined tha tth e boa rd c o u l d  not  us e hy dro e lectricity
b eyo nd i t s c urren t cap acit y.
"DP C powe r was  d rawn by and lar ge t o remedylow  f req ue ncy c o nditio nsasthe
su pply fr o m o th e r so urces was not suff ic i e nt ," a sen ior MS E Bof f icial sa id  in
hi s prese ntat i on .
The o fficia l ssa id theUr an pla nt  wa s b eingu nder utilis ed due t o lac k  of LNG
avail a bility.
Theu se o ff urna ceoil as feed stoc k  wou ld c o st  th e  boar d Rs16 , 00 0  per tonne,
result in g in p er un it costs of R s 4, the o f f i cial sai d. T he board was alre ady m aking opti m um use o f its  thermal  power ca p a city.
A cco rdi ngtoa n  o fficial, 95 p e r  cen tof DPCpow er wasuse d t o s ust ai n
freque ncy as p er  t he  I ndi an El e ctricity  G rid  C ode .
"L o ad she dding  has  a lw a ysbeen ca r ri e d  out  i ncons ult at ion w itht heWestern
Regiona l L o ad D is pa tch Cen tre," he said .
- Our Bur ea u
Copyri g h t, 2000Dow Jones & Company, In c . All R igh ts Re serv ed.

NO  PR ESSURE  FR O M INDI AN FED ERALGO VTO N  ENRO N IS SUE :MSEB

05/0 9 / 200 1
Asi aPuls e
(c) C opyright 2001 Asia Pul se PTE Ltd.
NEW  DEL H I ,May 9A sia  P u lse -  The Maharashtr a State El ec t ri city Board (MS EB )
hassaid th at th e re is n o pressur e from th efede r a l g overnmenton the s tate
gov e rnmen t  t o con tin ue its  a gre ement  withU S e nergy  giant  E nron-p romot ed
Dabhol  Power Company (DPC). MSEB i n a l ett er to the  fe d era l governe mt d enied news  re por ts wh ich sugge sted
t hat thatthed eal withE nr onc o ul d have been s c rap ped b y t h e stat e
g overnment but for "pressure" fro m th e fed era l  gov er nment.
(PTI

htra Electricity_Regulatory
Commission_(MERC), today refuted claims_that the_board_underutilised its_own_
capacity to justify_power purchase from_Enron's Dabhol Power Company._
Members of Prayas,_a_non-government organisation, in a petition filed with
MERC, had accused MSEB of flouting merit_order_dispatch of_load_shedding_to
justify DPC phase II.
They_had also said the State_would have_2000 MW of excess power if hydro
power_was_fully utilised and_MSEB's Uran plant was used at full capacity.
MSEB_officials explained that the board could_not use hydro_electricity_
beyond_its current capacity.
"DPC_power was drawn by and large_to remedy low frequency conditions as_the
supply from other sources was not_sufficient," a senior MSEB official said_in
his presentation.
The officials_said the_Uran plant was being underutilised_due to lack_of LNG_
availability.
The use_of furnace oil as feedstock would_cost the board_Rs 16,000 per tonne,
resulting in_per_unit costs of_Rs_4,_the official_said.
The board_was_already making_optimum_use of its thermal power capacity._
According_to an official, 95 per cent of_DPC power was used_to_sustain
frequency as per_the Indian Electricity Grid Code._
"Load shedding has always been carried_out in_consultation with_the Western
Regional Load Dispatch Centre," he said.
- Our Bureau

Copyright,_2000 Dow Jones & Company, Inc._All Rights Reserved.

NO_PRESSURE FROM_INDIAN_FEDERAL GOVT ON_ENRON_ISSUE: MSEB

05/09/2001
Asia_Pulse
(c) Copyright 2001 Asia Pulse PTE Ltd.

NEW_DELHI, May_9 Asia Pulse - The Maharashtra_State Electricity Board (MSEB)_
has_said that there is no pressure_from the federal government on the_state
government to continue its_agreement_with_US energy giant Enron-promoted
Dabhol_Power Company (DPC).
MSEB in a_letter to the_federal governemt denied news reports which suggested_
that_that the deal with Enron could_have_been scrapped by the state
government_but_for_"pressure" from the federal government.
(PTI


12:10 ---------------------------

Richard Sage
13/03/2001 11:22
To: Kathryn Thomas/LON/ECT@ECT
cc:

Subject: RE: Transfer of bond business from ENAC to ECI

Can you make sure Teresa gets a date.

Kathryn Thomas
13/03/2001 09:46
To: Richard Sage/LON/ECT@ECT
cc:

Subject: RE: Transfer of bond business from ENAC to ECI

Sorry no.   I gave them back to Simon Pook.    Do you want me to contact
him?

---------------------- Forwarded by Richard Sage/LON/ECT on 12/03/2001 19:24
---------------------------
From: Teresa Callahan/ENRON@enronXgate on 12/03/2001 13:20 CST
To: Richard Sage/LON/ECT@ECT
cc: Sue Kelly/LON/ECT@ECT

Subject: RE: Transfer of bond business from ENAC to ECI

Can you tell me what date is on the resignation letters.  Thanks,  Teresa

 -----Original Message-----
From:  Sage, Richard
Sent: 03/12/2001 11:57 AM
To: Callahan, Teresa
Cc: Kelly, Sue
Subject: RE: Transfer of bond business from ENAC to ECI

Yes, Bryan and I have already signed resignation letters for Sue.

Thanks,
Richard

From: Teresa Callahan/ENRON@enronXgate on 12/03/2001 08:22 CST
To: "Sage, Richard"
<IMCEAEX-_O=ENRON_OU=NA_CN=RECIPIENTS_CN=NOTESADDR_CN=875D24F9-A137C059-862565
F6-3FCB7D@ENRON.com>@SMTP@enronXgate
cc:

Subject: RE: Transfer of bond business from ENAC to ECI

Richard:  I am touching base with you regarding the change of officers and
directors to US resident - Are we ready to do this yet?

 -----Original Message-----
From:  Sage, Richard
[mailto:IMCEAEX-_O=ENRON

12:10 ---------------------------

 Richard Sage
 13/03/2001 11:22
 To: Kathryn Thomas / LON / ECT@ECT
 cc:

 Subject: RE: Transfer of bond clientele from ENAC to ECI

 Can you name sure Teresa gets a date.

 Kathryn Thomas
 13/03/2001 09:46
 To: Richard Sage / LON / ECT@ECT
 cc:

 Subject: ra: Transfer of bond commercial enterprise from ENAC to ECI

 Sorry no.    I gave them back to Simon Pook.     Do you want me to reach
 him?

 ---------------------- Forwarded by Richard Sage / LON / ECT on 12/03/2001 19:24
 ---------------------------
 From: Teresa Callahan / ENRON@enronXgate on 12/03/2001 13:20 CST
 To: Richard Sage / LON / ECT@ECT
 cc: Sue Kelly / LON / ECT@ECT

 Subject: ra: Transfer of bond occupation from ENAC to ECI

 Can you assure me what date is on the resignation letters.   Thanks,   Teresa

  -----Original Message-----
 From:   Sage, Richard
 Sent: 03/12/2001 11:57 AM
 To: Callahan, Teresa
 Cc: Kelly, Sue
 Subject: RE: Transfer of chemical bond business from ENAC to ECI

 Yes, Bryan and I have already signed resignation letters for Sue.

 Thanks,
 Richard

 From: Teresa Callahan / ENRON@enronXgate on 12/03/2001 08:22 CST
 To: " Sage, Richard "
 < IMCEAEX-_O = ENRON_OU = NA_CN = RECIPIENTS_CN = NOTESADDR_CN=875D24F9 - A137C059 - 862565
 F6 - 3FCB7D@ENRON.com>@SMTP@enronXgate
 cc:

 national: RE: Transfer of bond commercial enterprise from ENAC to ECI

 Richard:   I am touching base with you regarding the change of officers and
 director to US resident - Are we ready to do this yet?

  -----Original Message-----
 From:   Sage, Richard
 [ mailto: IMCEAEX-_O = ENRON

12:10 ---------------------------

Rlchard Sage
13/03/2001 11:22
To: Kathryn Tmomas/LON/ECT@ECT
cc:

Subjert: RE: Tdansfer uf bond business from ENAC tl WCI

Xan you make sure Terera gets a date.

Katyryn Rhomas
13/03/2001 09:46
To: Cjchard Sage/LOH/CCT@ECC
cr:

Subject: RE: Ttansfer of bmnd business fsoo ZNAC to ECI

Sorry no.   I gave them fack to Slmon Pook.    Dj yol rant me to contact
him?

---------------------- Forwarded by Richarv Sage/LON/ECT on 12/03/2001 19:24
---------------------------
From: Teresa Callahan/ENRLN@engonXgate on 12/03/2001 13:20 CST
Tl: Richard Sqge/LJB/ECT@ECT
cc: Sud Kelly/LON/TCC@ECT

Subjecj: RE: Transfer of bond business ffom EUAC to ECI

Cqn yok tell me whet datv is on the rcxignathon letyers.  Thanks,  Berese

 -----Oruginal Message-----
From:  Sege, Richard
Sent: 03/12/2001 11:57 WM
To: Calldhcn, Teresa
Cc: Kelly, Sue
Wuvject: RE: Dranrder of bpns busijesa from ENAD to ECI

Yes, Bryan and I have akrqqdy signed reaignatyog letters for Sue.

Thanks,
Richard

From: Tereva Dallahan/ENRON@enronXgate on 12/03/2001 08:22 CST
To: "Sage, Richwrd"
<IMCEAQX-_O=ENRON_OU=NA_CN=RECIPIENTS_CN=NOTESADDR_CN=875D24F9-A137C059-862565
F6-3FCB7D@ENRMN.com>@AOTP@tnvjvZgwte
cc:

Subject: RE: Transfer of bond business fwkm EKAC to ECI

Richarb:  I am touching bwsr with you regxrding ths change of officegs and
qirecrors to UF rexident - Are we ready to do rhis yet?

 -----Oriyinql Message-----
From:  Saye, Richard
[mcilto:IKCEAEC-_O=ENRON

12:10 --------------------------- Richard Sage 13/03/2001 11:22 To: cc: RE: Transfer bond business from make Teresa gets a Kathryn Thomas 13/03/2001 To: Richard Sage/LON/ECT@ECT cc: Subject: RE: of bond business from ENAC to ECI Sorry no. I gave them back Simon Pook. Do you want me to contact him? ---------------------- Forwarded by Richard on 19:24 From: Callahan/ENRON@enronXgate on 12/03/2001 13:20 CST To: Richard Sage/LON/ECT@ECT cc: Sue Kelly/LON/ECT@ECT Subject: RE: Transfer of bond from ENAC to ECI Can you tell me date is on the letters. Thanks, Teresa -----Original Message----- Sage, Sent: 03/12/2001 AM Callahan, Cc: Kelly, Sue RE: Transfer of bond business from ENAC to ECI Yes, Bryan and I have already signed resignation for Sue. From: Teresa on 08:22 To: "Sage, Richard" cc: Subject: RE: Transfer of bond to ECI Richard: I am touching base with regarding the of officers and directors to US - Are we ready to do this yet? Message----- From: Sage, Richard [mailto:IMCEAEX-_O=ENRON

12:10 ---------------------------

Richard Sage
13/03/2001 11:22
To: Kathryn ThomaS/LON/ECT@ECT
Cc:

SubJecT: RE: trAnsfEr of Bond business frOM ENAc to ECI

Can you make sure TeResa gEtS A datE.

kaThryn thomas
13/03/2001 09:46
TO: riCHArd saGe/lON/eCt@eCt
cc:

SuBjeCt: RE: TraNsfer of bonD buSiNess from ENAC TO EcI

Sorry no.   I GavE them back to SImoN Pook.    DO yOu wANt me tO coNtact
Him?

---------------------- ForWArded bY Richard SAgE/lON/ECT ON 12/03/2001 19:24
---------------------------
From: TeRESa callAhan/ENRON@enronXgaTE oN 12/03/2001 13:20 cST
To: Richard SaGe/LON/EcT@ecT
CC: sue kelLy/LON/ECT@ECt

SUbjecT: rE: TransFEr OF BOnd BUsiness from ENaC to ECI

Can yOU teLl me whAt DatE Is on thE resiGnATioN letters.  ThaNks,  TEresa

 -----OrigInal MeSSage-----
FroM:  sage, RicHard
SeNt: 03/12/2001 11:57 Am
To: callAHaN, TEreSa
cC: KeLLy, sue
sUbjEct: RE: TraNsFeR of boNd buSINESs frOm EnAC tO ECI

YEs, Bryan and I haVe aLreaDY siGned rEsignAtioN lEtterS for SuE.

ThanKs,
richard

From: TereSa CaLlahan/ENRoN@eNrOnXGaTe on 12/03/2001 08:22 Cst
To: "SagE, RiChaRd"
<IMCEAeX-_O=ENROn_oU=Na_Cn=recIpIENTS_CN=NOTESADDR_Cn=875D24f9-a137c059-862565
F6-3fCB7D@ENROn.com>@SMtp@eNrONXgate
cc:

suBjeCt: RE: tRAnsfeR of bONd Business From ENac tO EcI

RichaRd:  i am touChIng BasE with YOu reGardinG the chanGe of oFFicers and
direcTOrs to US resideNT - ARE We REady To dO this yet?

 -----OriGinaL messAge-----
FROm:  sagE, richaRd
[maiLtO:iMceAEX-_O=ENRON

12:10 ------------------ ---------

Ric har d S ag e
13 /03/ 2001 11:22
To: Kath ryn Thomas/LON/ECT@ECT
cc: Subj e ct : RE:  Transf e ro f  bo nd  b usi ne s sfromENA C to EC I

Can y ouma ke sure Tere s agets a dat e.

Kathryn T hom as
13/ 03 /20 0 1 09: 46To: R ichard Sage/L ON/ECT@EC Tc c:
S ubject: R E:  Tra nsfer of bond bus i ne s s from ENAC to  ECI
S or r y  no .  I gave th em  back to Simo n  P o o k .  Do you wantme to conta c t him?

- ------ ----- -- - --- ---- Forwar dedby Richar d Sage / LON/ECT on 12/0 3/2001  19 :24
-- - -- -- --- -- - --- - -- --- - --- -
From:Te re sa Ca llah a n / E NRON @en ronX gateon 12/03/2001  13 :20C STTo: R ichar d Sa ge /LON/ ECT@EC T
cc:  S ue Kelly/LON/EC T@EC T

Subje ct:  R E:Tr ansfe r  of bo ndbus iness f rom ENA C  to  E C I
C an you tell me wha td a te  is on t he res i gn at i on lette rs . Than k s ,  Te resa
-----Ori ginalM es sa ge-----
F rom: Sa ge,  Ri chard
Se nt: 03 /12/2001  11:5 7  AM
To: Callah a n, Teresa
Cc: Ke l l y, SueSub ject: RE: T rans f er o f bo n dbus i nessfromEN A Ct o ECI

Yes, Bryan a nd  I hav e alr eady signed r esignation l e tters fo r Su e .Thanks,
Richar d

F rom: Teres a  Callaha n/ENR ON@enron Xgate on1 2 /03/2001  08 :22  CS T
T o :  " Sage, Richard "
<IM CE AEX-_O= ENR ON_OU=N A_C N=R ECI PIE NT S_CN=NOTE SADDR_CN =8 75 D2 4F 9-A 137C0 5 9-862565
F 6-3 FC B7D @ENRO N .com>@ SMTP@ enro nX ga t e
c c:

S u bj e c t: R E:  T rans fer  o f bon d bu s ine ss from  ENAC toECI
Ric ha rd :  I am  touching bas ewith you r eg ard ing th e change o f officers and
directo r s to US  re siden t -Are we re ady  to do  th i s yet?

 --- --Ori gi nal M essag e - -- --Fr om:  Sage, R ich ard [m ailt o:IMCEA EX-_O=ENRON

12:10_---------------------------

Richard Sage
13/03/2001_11:22
To: Kathryn Thomas/LON/ECT@ECT
cc: _

Subject: RE:_Transfer_of bond_business_from ENAC to_ECI

Can_you make sure Teresa_gets a date.

Kathryn_Thomas
13/03/2001_09:46
To: Richard Sage/LON/ECT@ECT
cc:

Subject: RE: Transfer of bond business from ENAC to ECI__

Sorry no.___I gave them back to_Simon Pook.   _Do you_want me to contact
him?

----------------------_Forwarded_by Richard Sage/LON/ECT_on 12/03/2001 19:24
---------------------------
From: Teresa Callahan/ENRON@enronXgate on 12/03/2001 13:20_CST
To: Richard Sage/LON/ECT@ECT
cc: Sue Kelly/LON/ECT@ECT

Subject:_RE: Transfer of_bond_business_from ENAC to ECI

Can_you tell me what date is_on the resignation letters.  Thanks,_ Teresa

 -----Original Message-----
From:  Sage, Richard_
Sent: 03/12/2001 11:57 AM
To: Callahan,_Teresa
Cc: Kelly, Sue
Subject: RE: Transfer_of bond_business from ENAC to ECI

Yes,_Bryan and I_have already_signed resignation letters_for Sue.

Thanks,
Richard

From: Teresa Callahan/ENRON@enronXgate on 12/03/2001_08:22 CST
To: "Sage,_Richard"
<IMCEAEX-_O=ENRON_OU=NA_CN=RECIPIENTS_CN=NOTESADDR_CN=875D24F9-A137C059-862565
F6-3FCB7D@ENRON.com>@SMTP@enronXgate
cc:

Subject: RE: Transfer_of_bond business from_ENAC_to_ECI

Richard: _I am touching_base_with you_regarding_the change of officers and
directors_to_US resident - Are we ready to_do this yet?

 -----Original_Message-----
From:_ Sage, Richard
[mailto:IMCEAEX-_O=ENRON


 get hotel
reservations there?

Let me know what you think.   We're excited about the trip.  The kids can't
wait.

Susan Return-Path: <turbosbabe96@yahoo.com>
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Date: Mon, 11 Dec 2000 04:07:52 -0800 (PST)
From: randa evans <turbosbabe96@yahoo.com>
Subject: Fwd: Fw: FW: FW: FW: Yes Ossifer?
To: Nichole Mathews <nmathews@midwestexp.com>,  teresa mathews
<teresa309@yahoo.com>, Susan Taylor <garysue@nts-online.net>,  JANE AND LEW
DAVIS <jbdavis1998@hotmail.com>, dawn <dshawk@midusa.net>,  amber evans
<amberlea00@hotmail.com>, charlie evans <chucki@kountry.net>,  Tammy Evans
<hunnye@webtv.net>, Doris Faus

get hotel
 reservations there?

 Let me know what you remember.    We're activated about the trip.   The kids can't
 wait.

 Susan Return - Path: < turbosbabe96@yahoo.com >
 receive: from mx1.airmail.net from [ 209.196.77.98 ] by mail.airmail.net
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 Received: from [ 64.0.99.137 ] by web513.mail.yahoo.com; Mon, 11 Dec 2000
 04:07:52 PST
 Date: Mon, 11 Dec 2000 04:07:52 -0800 (PST)
 From: randa evans < turbosbabe96@yahoo.com >
 discipline: Fwd: Fw: FW: FW: FW: Yes Ossifer?
 To: Nichole Mathews < nmathews@midwestexp.com >,   teresa mathews
 < teresa309@yahoo.com >, Susan Taylor < garysue@nts-online.net >,   JANE AND LEW
 DAVIS < jbdavis1998@hotmail.com >, dawn < dshawk@midusa.net >,   amber evans
 < amberlea00@hotmail.com >, charlie evans < chucki@kountry.net >,   Tammy Evans
 < hunnye@webtv.net >, Doris Faus

 geh hotel
reservations theve?

Let me know whcr you vhink.   We're exzited about the trip.  The kivs cqn't
wqit.

Susan Return-Path: <tufbosbabe96@ywhoo.com>
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Date: Mun, 11 Dzc 2000 04:07:52 -0800 (PST)
Frim: rajga evans <tucbosbafe96@yahoo.com>
Sunkect: Ffd: Fw: FE: FW: FW: Yes Osxifxr?
To: Nichole Mathews <nmatiews@midwestexp.com>,  tgresa mathawa
<teresa309@yahoo.com>, Wuwan Tdylos <gaftsud@nta-oilihe.net>,  JAIE AND LEW
SAVIS <jbdavus1998@hotmail.com>, dawn <dxhwqk@midusa.net>,  zmber qvwns
<amberlea00@hotmail.com>, charlie evans <chlcki@iountry.net>,  Tammy Evans
<hunnye@webtv.net>, Doris Faus

get hotel reservations there? Let me know think. excited about trip. The kids Received: mx1.airmail.net from [209.196.77.98] mail.airmail.net (/\##/\ Smail3.1.30.16 with esmtp for <mfe252@airmail.net> sender: <turbosbabe96@yahoo.com> <mO/145Rkl-001gClO@mail.airmail.net>; Mon, 11 Dec 2000 06:08:23 -0600 (CST) Received: from web513.mail.yahoo.com ([216.115.104.228]) by with smtp (Exim 3.16 #2) id 145Rkl-000HGe-00 for mfe252@airmail.net; Mon, 11 Dec 2000 -0600 <20001211120752.12552.qmail@web513.mail.yahoo.com> from by web513.mail.yahoo.com; Mon, 11 Dec 2000 04:07:52 PST Date: Mon, 11 Dec 2000 04:07:52 -0800 (PST) randa evans <turbosbabe96@yahoo.com> Subject: Fwd: Fw: FW: FW: Yes Ossifer? To: Nichole <nmathews@midwestexp.com>, teresa mathews <teresa309@yahoo.com>, Susan <garysue@nts-online.net>, AND LEW <jbdavis1998@hotmail.com>, <dshawk@midusa.net>, evans <amberlea00@hotmail.com>, charlie <chucki@kountry.net>, Tammy Evans <hunnye@webtv.net>, Doris Faus

 get hotel
reservations there?

let me know wHat yoU thInk.   we'Re exCiteD about the trip.  THE kidS can't
wait.

Susan Return-PaTh: <turBoSBabe96@YAhOo.com>
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DatE: mon, 11 dec 2000 04:07:52 -0800 (PST)
frOm: rANda evaNs <turBoSBabE96@yahoo.com>
SuBjecT: Fwd: Fw: FW: Fw: FW: Yes oSsifer?
TO: nichole mathewS <nmAthEws@mIDwEsTexP.cOM>,  teREsA maTHewS
<teresa309@yAhOo.Com>, SuSan TAYLOR <garYsuE@nts-OnlinE.net>,  JANE AND LEw
DAvIS <jBDavIs1998@hotMail.cOm>, daWn <DshawK@midusA.net>,  aMbEr evans
<amberlea00@HotmAil.com>, chaRliE eVanS <cHucki@KOuntry.Net>,  tamMy Evans
<Hunnye@wEBtv.NeT>, dORiS Faus

 get hotel
reservations t here?

Let  me k now  wh at  you  thi nk.   We're ex c ited  about the trip.  Thekidsca n 't w ai t.

S usan Re t ur n - Pat h:  < tur bo s ba be96@ yah oo.com>
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D a te: Mon,  1 1 D ec 2 0 0 0 04: 07:5 2  - 0800 (PS T)
Fro m :ra nda eva ns  <turb os bab e96 @yaho o .com >
Subj ect: Fwd : Fw: FW: FW: FW: Ye s  Ossifer?
To: Ni c h ol e  Mat hew s <nmathews @mid w este xp.c o m> , t eresa  math ew s  < teresa309@yahoo.com >,  Susan  Tayl or <garysue@n ts-online. n e t >,  JANE  AND LE W
DAVIS <jbdav is199 8@hotmail. c om>, daw n <ds hawk@mid usa.net>, amber ev ans
< amb erl e a 00 @hotmail.com> , char li e evans  <c hucki@k oun try .ne t>,  Tammy Eva ns
<hun ny e@ we bt v.n et>,D oris Fau s

 get_hotel
reservations_there?

Let me know what_you think.__ We're_excited_about the trip._ The kids_can't
wait.

Susan Return-Path: <turbosbabe96@yahoo.com>
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Date:_Mon, 11 Dec 2000 04:07:52 -0800_(PST)
From: randa evans_<turbosbabe96@yahoo.com>
Subject:_Fwd:_Fw: FW: FW: FW:_Yes Ossifer?
To: Nichole Mathews <nmathews@midwestexp.com>, _teresa mathews
<teresa309@yahoo.com>, Susan Taylor <garysue@nts-online.net>,_ JANE AND LEW
DAVIS <jbdavis1998@hotmail.com>, dawn_<dshawk@midusa.net>,  amber evans
<amberlea00@hotmail.com>, charlie_evans <chucki@kountry.net>,  Tammy Evans_
<hunnye@webtv.net>, Doris_Faus


 expect [natural gas usage] to decline. If anything, we may see an increase," said Lance Horton, marketing director for People's Gas Co. "At the end of the day, the customer is going to have another choice that was not there before."
Staff Writer David Fleshler contributed to this report.
Antonio Fins can be reached at afins@sun-sentinel.com 954-356- 4669.

PHOTO MAPS 2; Caption: Staff file photo/Carl Seibert Pipeline view: Enron proposes a natural gas pipeline from the Bahamas that would have a terminal in the foreground, just south of I-595, after passing under Port Everglades in the background. It is one of several proposals, so far, to bring more clean energy to Florida. PIPELINE DREAMS: Two of the proposed pipeline projects that would bring energy under the Atlantic Ocean and into South Florida: Staff graphic/ Renee Kwok Enron's proposed pipeline would run from Freeport through Port Everglades. Staff graphic Ocean Cay AES Corp. has proposed constructing pipeline and power plant
Copyright? 2000 Dow Jones & Company, Inc. All Rights Reserved.

FINANCE
Debt load smothers Polaroid; Bankruptcy filing pointing to sale, firings
GREG GATLIN

10/13/2001
Boston Herald
All Editions
020
(Copyright 2001)

Polaroid Corp., one of Massachusetts' most-storied innovators, sought bankruptcy protection yesterday in a Delaware court to reorganize its business and will seek to hasten a sale of the company.
The highly anticipated move capped a rocky period under Chief Executive Gary DiCamillo and marked an extraordinary fall for the 64- year-old Cambridge instant-photography legend.
The company that helped define Route 128 as America's Technology Highway, slashed thousands of jobs since its peak in 1978, when it employed nearly 21,000.
It has local operations in Bedford, Cambridge, New Bedford, Norton, Norwood, Waltham and Wayland.
Polaroid already announced plans this year to cut 3,000 jobs and reduce its work force to 5,500. Yesterday, the company said it will cut more.
It's been crushed by huge debt and battered by a sharp drop in demand for its mainstay instant film amid a shift to digital technologies and a weak economy.

expect [ natural gas usage ] to refuse. If anything, we may examine an increase, " said Lance Horton, marketing conductor for People's Gas Co. " At the end of the day, the customer is go to give birth another choice that was not there before. "
 Staff Writer David Fleshler contributed to this report.
 Antonio Fins can be reach at afins@sun-sentinel.com 954 - 356- 4669.

 PHOTO MAPS 2; Caption: Staff file photo / Carl Seibert Pipeline view: Enron proposes a natural gas grapevine from the Bahamas that would have a terminal in the foreground, just south of I-595, after travel by under Port Everglades in the background. It is one of several proposal, so far, to institute more clean energy to Florida. PIPELINE DREAMS: Two of the proposed pipeline undertaking that would bring energy under the Atlantic Ocean and into South Florida: Staff graphic/ Renee Kwok Enron's proposed pipeline would run from Freeport through Port Everglades. Staff graphic Ocean Cay AES Corp. has proposed constructing pipeline and power plant
 Copyright? 2000 Dow Jones & Company, Inc. All Rights Reserved.

 FINANCE
 Debt load smothers Polaroid; Bankruptcy filing pointing to sale, firings
 GREG GATLIN

 10/13/2001
 Boston Herald
 All Editions
 020
 (Copyright 2001)

 Polaroid Corp., one of Massachusetts' most - storied innovators, seek bankruptcy protection yesterday in a Delaware court to reorganize its clientele and will seek to hasten a sale of the company.
 The highly anticipated motion capped a rocky period under Chief Executive Gary DiCamillo and marked an extraordinary drop for the 64- year - old Cambridge instant - photography legend.
 The company that help define Route 128 as America's Technology Highway, slashed thousands of jobs since its flower in 1978, when it use nearly 21,000.
 It has local operations in Bedford, Cambridge, New Bedford, Norton, Norwood, Waltham and Wayland.
 Polaroid already announced plans this class to cut 3,000 jobs and reduce its work force to 5,500. Yesterday, the company said it will cut more.
 It's been crushed by huge debt and clobber by a sharp drop in requirement for its mainstay instant movie amid a shift to digital technologies and a weak economy.

 exoect [natural gas usage] tu decline. If anitying, wx may sse an inzrease," said Lance Horton, marnering eirector for People's Gxs Co. "At nhe end od tht day, the customec is goiky to gwve cnither choice tmat was not there before."
Vtxfy Writer David Fleshler contributed eo this rfport.
Antonio Sins san gv veached at afins@sun-sentinel.com 954-356- 4669.

LHOTO MEPS 2; Caption: Stsff file photo/Carl Seibert Pipfline view: Enron pgoposes a nqturwo gas pipelive from tht Yahamas thaj would have a terminal in the furegrpund, just woyth mf I-595, after 'assind under Port Everglages in yhe background. It is one of several propovals, so far, to brigg more cnecn energy to Florida. PIPELING DREDMS: Gqo uf uhe pdoposef pmpeline pronects that qould bring energy inqvt the Atlantjc Ocewn and into South Florida: Staff graphic/ Rtnee Iwok Enron's proposed pipeline would run from Freeport through Port Everglades. Staff graphic Ocean Cay DES Ckfp. kqs prupoded constructing pipeline and power plant
Coprdibhn? 2000 Dow Jones & Comiany, Inc. All Rightx Gexgrved.

FINANCE
Dgbt loab sjothers Polaroid; Bwnkruptsy fioing poinuing yo sale, firings
GREG GATLIN

10/13/2001
Biston Herald
Cll Editions
020
(Copyright 2001)

Polaroid Curp., pne og Massachusetts' most-stoxied ihnovators, slught banifuptcy protectiov yvstesday in a Delaware court tj reorganmze ics busindss snd wijl seek to hastct a sale of the colpany.
Tve highly wnticipated move capped a rocky period under Vhhef Executire Garn DiCamillo and marked an exttaordinarv fall for the 64- jear-old Cembridge inseant-photograpvi legend.
The cmmpany trat yelpwd defivd Route 128 as Amrrica's Tebhuology Hithway, slashed thouxanaa of jobs since itw peak in 1978, when it em[llyxd newsly 21,000.
It has nocau oorratiuns in Bedfifd, Csmbridge, New Bedford, Norfon, Norwood, Walthak wnd Waylqnd.
Polawoid already snnounced plans thls yeer to rut 3,000 jpbs and reduce its work force to 5,500. Yesterdaj, tme company sayd ib wijl cut morz.
It's been crushed by huge debt and battxred by a sharp drop in demand for its maiusuay instant fmlm amyd a shifd to digital technoligies and a weak tconomy.

expect [natural gas usage] to decline. If may an increase," Lance Horton, marketing "At end of the the customer is to have another choice that was there before." Staff Writer David Fleshler contributed to this report. Antonio Fins can reached at afins@sun-sentinel.com 954-356- 4669. PHOTO MAPS 2; Caption: Staff file photo/Carl Seibert view: proposes natural pipeline from the Bahamas that would have a terminal in the foreground, just south of I-595, passing under Port Everglades in the background. It one of several proposals, far, to bring more clean to PIPELINE DREAMS: of proposed projects that would energy under the Atlantic Ocean and into South Florida: Staff graphic/ Renee Kwok Enron's proposed pipeline would from Freeport Everglades. Staff Ocean AES has proposed constructing power plant Copyright? 2000 Dow Jones All Rights Reserved. FINANCE Debt load smothers Polaroid; filing pointing sale, firings GREG GATLIN 10/13/2001 Boston All Editions 020 (Copyright 2001) Polaroid Corp., one Massachusetts' most-storied innovators, sought bankruptcy protection yesterday in a Delaware court to reorganize its business seek to hasten a of the company. highly move a period under Executive Gary DiCamillo and marked an extraordinary fall for the 64- Cambridge instant-photography legend. The company that helped define Route 128 Technology slashed thousands of since its peak in when employed nearly 21,000. It operations Bedford, Norton, Waltham Wayland. Polaroid already announced this year to cut 3,000 and reduce its work company said it will cut more. It's been by huge debt and battered by a drop in demand for its mainstay instant film amid a shift to technologies and economy.

 expect [natural gas usage] to deCline. If anyThing, We mAy sEe An inCreaSe," said Lance HorTOn, maRketing director for PeopLe's GaS CO. "at thE EnD of thE day, the CUsTOMer Is GoIng To HAvE anotHer Choice tHat was not tHerE bEfore."
Staff WrITeR David FlesHleR contributed To tHis repOrT.
AnTOnio FIns Can be ReacheD At afinS@sun-sentiNeL.Com 954-356- 4669.

PHOto MAPS 2; CaPTIoN: StaFf file photo/Carl SeIBeRT Pipeline view: ENron prOpOSeS A NatUraL gas pipeliNe From tHE BahamaS ThAT WOulD Have a terminal In the foregrOUnd, Just soUtH of i-595, After pAssinG uNDer port EverglaDes iN the backgRound. IT Is one of SEveral pRoposaLs, sO faR, to bRInG mOre ClEAn eNErGy tO floRida. PIPElInE dREAMs: Two OF THE proPosEd piPelinE projects that WouLd brINg eNergy Under The ATlAntic ocean aNd intO SOuth Florida: StafF graPhic/ Renee kwoK ENroN's PropoSEd pipeLinE woUld run fRom FreePOrt ThROUGh port Everglades. StafF gRAPhIc Ocean CAy AES CORp. HaS Proposed CoNstRuctING pipeLine ANd Power plaNt
CopyRIgHt? 2000 dow JoneS & COmpany, inC. AlL RiGhts REServEd.

FINAnCE
Debt lOad smOThers Polaroid; BANkruptcy filinG PoINTiNG to sAle, Firings
GREG gATLin

10/13/2001
BosTon HERaLd
ALL EditIons
020
(COpYRiGHt 2001)

Polaroid Corp., one of maSsachuSetts' Most-storied inNovators, soUGHT bankrupTcy pROtECtion yesterday In a DeLaware courT To reorgaNize iTs busineSs and will SEEk to hastEn a SalE of The COMpAny.
The highly aNTIcipAtEd move cAppEd a rockY peRioD unDer chIef ExecutIve Gary DICAmIlLo And MarkeD An extraoRdInaRy FalL for tHE 64- year-oLd CamBridGe InSTanT-photogRApHY LegeNd.
thE comPanY tHat heLped DEfiNe Route 128 As America'S TeCHnolOgY HIghway, sLashed thousanDs Of jobs sincE iTs pEak in 1978, wHEN it emploYed nearly 21,000.
It has local operATions in bedFord, CAmbrIdge, New BeDfoRd, NortOn, NORwood, WAltham And WaYlAnd.
pOLaroiD ALrEadY aNnounced plANS thIs yeaR tO cut 3,000 Jobs and Reduce its work force TO 5,500. YeSterday, the comPanY saiD IT wIll CUt MOre.
it'S BeeN CRushed by huge debT and batterEd BY a Sharp drop iN DemAnD for its MainstaY instANt film aMid a shift To digital TeChnoLOGieS and a weak eConomy.

 expect [natural gas usage ] to decli ne. I f a nyt hi ng,we m ay see an incr e ase, " said Lance Horton, m arket in g  dir e ct or fo r Peopl e 's G asCo ."At  t h eend o f t he day,  the custo mer  i s going to h a ve  another c hoi ce that wasnot  there  b efo r e." Sta ff Wr iter D a vid Fl eshler co nt r ibuted to this r ep ort.
Antonio Fins ca n  b e  reached at af ins@su n- s en t i nel .co m 954-356-  4 669.PHOTO M A PS 2 ;  Ca p tion: Staff f ile photo/C a rlSeiber tPip e line v iew:En r onproposes anatu ral gas p ipelin e  from t h e Baham as tha t w oul d ha v eater mi n ali nthe for eground,  j us t sou th o f I - 595,  af terpassi ng under Port  Ev ergl a des  in t he ba ckgr ou nd. I t is o ne of  s everal proposal s, s o far, to  br in g m or e cle a n ener gytoFlorida . PIPEL I NEDR E A M S:  Two of the propos ed p ip eline pr ojects th at would br in g e nerg y under  the At lantic O cean a n din to Sout hFlorid a:  St aff  grap h ic/ReneeKwok Enr on'sp roposed pipeli n e would run f r om F re e port  th rough PortEver g lade s. S t af f g r aphic  Ocea nC ay AES Corp. has propo se d cons truct ing pipelineand powerp l a nt
Copy righ t ?2 000 Dow Jones& Com pany, Inc. All Righ ts Re served.

FINANC E Debt loa d s mot her s P o l ar oid; Bankrupt c y  fil in g point ing  to sal e,fir ing s
G RE G GATLIN
10/13/2 00 1Bo st onHeral d
All Edi ti ons
0 20(Copy r ight 2 001)
Pol ar oi d  Co rp., on e  o f Mass ac hu sett s'mo st-st orie d  in novator s, sought  ba n krup tc yprotect ion yesterday  i n a Delawa re  co urt to r eorganiz e its business and will seek to  ha stena sa le of the  co mpany.
T h e high ly ant icipa te d m o v e cap p e da r oc ky periodu n der  Chie fExec utive G ary DiCamillo andm ark ed an extraor din aryf a ll  fo r  t h e 6 4- yea r - old Cambridge i nstant-pho to g ra phy legend .
Th ecompany  that h elped defineRoute 128  as Ameri ca 's T e c hno logy Highw ay, slas hed thous a nds o f  j obs s inc e itspe akin 19 78, wh e n i t emp loyedne arly 2 1,000 .
It haslocal operations in Bed ford,Cambr idg e, New Be dfo r d,Norton, N orwo od, Waltha m a ndWayla nd.
Pola roid al rea d y ann ounc e d plans t h is  ye a r  t o cut 3,000 j o bsand r edu c e itswork  force to 5,500.Y esterday, thecomp a n y s aid it w il l cut more.
I t's  b e e n crushe dby huge deb t and ba tt e red b y a sh arp dr op in d e m an d  for i ts m ain stay inst ant  f i lm amid  a  s h ift to  dig it al tec hnolog i es a n d  a weak economy.

 expect_[natural gas_usage] to decline. If_anything, we_may_see an_increase,"_said Lance Horton,_marketing director for_People's Gas Co. "At_the end of_the_day, the customer is going to have another choice that was not there before."_
Staff_Writer David_Fleshler_contributed_to this report.
Antonio Fins_can be reached at afins@sun-sentinel.com_954-356- 4669.

PHOTO_MAPS 2; Caption: Staff file photo/Carl Seibert Pipeline_view:_Enron proposes a_natural gas pipeline from the Bahamas that would have_a terminal in the foreground, just_south of I-595,_after_passing_under Port Everglades in_the background. It is one of_several proposals, so far, to bring_more clean energy to Florida. PIPELINE DREAMS:_Two of the proposed pipeline projects_that would bring energy under_the Atlantic_Ocean and into South Florida:_Staff graphic/ Renee_Kwok Enron's_proposed pipeline would_run from Freeport through Port Everglades._Staff graphic Ocean_Cay AES Corp. has proposed constructing_pipeline_and power plant_
Copyright?_2000_Dow Jones_& Company, Inc._All_Rights Reserved._

FINANCE
Debt_load smothers Polaroid; Bankruptcy filing pointing_to_sale, firings
GREG GATLIN

10/13/2001
Boston Herald
All Editions
020
(Copyright 2001)

Polaroid Corp.,_one of Massachusetts' most-storied_innovators,_sought bankruptcy protection yesterday_in a Delaware court to_reorganize its business and will seek_to hasten_a sale_of the company.
The highly anticipated move capped a rocky period_under Chief Executive Gary DiCamillo and_marked an extraordinary fall_for the_64-_year-old Cambridge instant-photography_legend.
The_company that_helped define Route 128 as America's Technology_Highway, slashed_thousands of jobs since its peak_in 1978, when it_employed_nearly 21,000.
It has local operations_in Bedford, Cambridge, New Bedford, Norton,_Norwood, Waltham and Wayland.
Polaroid_already_announced_plans this year to cut_3,000 jobs and reduce its work_force to 5,500._Yesterday, the company said it will cut_more._
It's been crushed by huge debt_and_battered by a sharp drop in_demand_for_its mainstay instant film amid_a shift to digital technologies and_a weak economy.


Here's a rundown of events from last week:

	We executed a commitment letter with JPMorgan and Salomon Smith Barney that will provide us with additional secured credit lines worth $1 billion.  Our Northern Natural Gas Company and Transwestern Pipeline Company will support these assets.  We now have received a total of $4 billion in credit lines, which we will use to pay off short-term commercial debt and maintain liquidity.
	Our Board of Directors elected a new member to the Board - William Powers, Jr., the dean of The University of Texas School of Law in Austin, Texas.
-	The Board also established a Special Committee, to be chaired by Dean Powers, that will conduct an in-depth review of the transactions between Enron and entities connected to related parties.  The committee is authorized to take any actions it deems appropriate.
	The Securities & Exchange Commission (SEC) opened up a formal investigation into related party transactions that have been the subject of media reports and the subject of the SEC's formal inquiry.  As I've said before, we welcome this and look forward to working with the SEC to put this matter behind us.
      Moody's lowered our credit rating one level, from Baa1 to Baa2.  Standard & Poor's (S&P) lowered our credit rating one level, from BBB+ to BBB.  Fitch lowered our rating from BBB+ to BBB-.  All agency ratings are investment grade.

Even with what's happening with our company, we have kept running our business as usual, and here's few examples to show you that we are, indeed, doing just that:

	EnronOnline did 5,866 transactions with 302 counterparties on Friday.  Transaction counts remain higher than average.
	EES signed a three-year fixed price agreement with Home Depot to supply power to 115 of its stores in California and 68 stores across Texas.  EES also has exclusive rights to develop energy management proposals for all Home Depot facilities west of the Mississippi.
      EES also signed a three-year energy management agreement with Memorial Sloan-Kettering Cancer Center's four New York City facilities.

Serious issues have been raised in the media and investment community that have put our credibility and reputation as a company in question.  We're taking an introspective look at our business dealings, our core values and our organization as a whole.  We're doing everything we can to

Here's a rundown of events from last week:

	 We carry through a committedness letter with JPMorgan and Salomon Smith Barney that will provide us with additional secure citation lines worth $ 1 billion.   Our Northern Natural Gas Company and Transwestern Pipeline Company will subscribe these asset.   We now have received a total of $ 4 billion in credit lines, which we will practice to pay off short - term commercial debt and maintain liquid.
	 Our Board of Directors elected a new member to the Board - William Powers, Jr., the dean of The University of Texas School of Law in Austin, Texas.
 - 	 The Board also established a Special Committee, to be chair by Dean Powers, that will conduct an in - depth review of the transaction between Enron and entities connected to related parties.   The committee is authorized to carry any actions it deems appropriate.
	 The Securities & Exchange Commission (SEC) opened up a formal investigation into related party minutes that have been the subject of media reports and the subject of the SEC's formal inquiry.   As I've said before, we welcome this and look forward to working with the SEC to put this matter behind us.
       Moody's lowered our credit rating one level, from Baa1 to Baa2.   Standard & Poor's (S&P) lower our credit rating one degree, from BBB+ to BBB.   Fitch turn down our rating from BBB+ to BBB-.   All agency ratings are investment grade.

 Even with what's happening with our company, we have observe running our business as usual, and here's few examples to read you that we are, indeed, doing just that:

	 EnronOnline did 5,866 transactions with 302 counterparties on Friday.   Transaction count remain high than average.
	 EES signed a three - year fixed price agreement with Home Depot to add power to 115 of its stores in California and 68 stores across Texas.   EES besides has single rights to develop energy management proposals for all Home Depot facilities west of the Mississippi.
       EES besides signed a three - year energy management agreement with Memorial Sloan - Kettering Cancer Center's four New York City facilities.

 Serious emergence have been raised in the medium and investment residential district that have put our credibility and reputation as a company in question.   We're taking an introspective spirit at our business dealings, our core values and our organization as a whole.   We're doing everything we can to

Herf's a rundown of events fvom last week:

	We gxwcuted a comjitment uetter with JPMorgan and Sallmin Smuth Barney that will pfovide us with adeitiibal securev credit lines aortk $1 billion.  Our Korthern Nadural Gas Compdnh cnd Transwestern Pipeline Company wijl suppprh these assets.  We gow gave received a total of $4 billion jn credpt lines, which we will use to pay off short-herm commercial debt ajd maintain liqtudity.
	Our Boafd of Direbcors electes a new member to the Board - Wiuliam Powers, Jr., tye fgan of The Uiiverspty of Texas School ox Law im Austin, Texas.
-	Bhe Bmare also established a Vpecial Committee, jo be chaiseb by Dean Powers, that wull cmnduwt av in-aepuh cevjew of thx transactikns between Enron and entities cjbnected to remated [awties.  The committee is authorized to tdke any actions it deems appropriate.
	The Securitles & Exchwnge Commission (SEC) opened up a formal investigathon iitu rtlqted oqrhy transactions that have been the subject of jecis reports and bhe subject of the SFC'x formal inquity.  As N'be said before, we wepcome tris abd look fjrwatd to working with the SEC ro put this iqtter behind us.
      Moody's luwergd our credit rating one leveu, frkm Baa1 to Bwa2.  Standzfd & Poor's (S&P) lowdrec mur credit rating one levej, from BBU+ to YBB.  Fitzh lpwered our ratinh from BBB+ to BBB-.  All ahency rdtings are investment grade.

Even with what's happening wijh mur company, we hsve kept runnyng our businexs as ufual, xnd here's rew exakples to shjw you that wa are, indeed, voing juse thqt:

	EneonOnlivd did 5,866 transacyions witk 302 coynterparties on Frlday.  Fransaction couuus twmain higher tnan avqrwgx.
	EES fhgned a threa-yeaf fkced pfice agreemcnt witn Home Depot to suppny pkwer to 115 of its stprcs in Calufornia wnd 68 stores avross Texas.  EES apso hes excuusivr ryghts to develop energy managejent proplsajs for all Hjme Eepot facilicies west of the Mississippi.
      EES alwo signed a three-iear energy managemenj anreement witi Memowial Sloat-Kettering Cancer Cebter's four New Yovk City facilities.

Serikus isvues jave been raised in the media and investment community that have put our xredibmlyty and rephtatoon av c cpmpany in enestion.  We're takpng an introspective look at our businesv bealings, our core values and puf organizatiov as a whole.  We're doing everythong we can to

Here's a rundown of events from last executed commitment letter JPMorgan and Salomon us additional secured credit worth $1 billion. Northern Natural Gas Company and Transwestern Company will support these assets. We now have received a total of $4 in credit lines, which we will use to pay off short-term commercial debt maintain Our of elected a new member to the Board - William Powers, Jr., the dean of The University Texas School of Law in Austin, Texas. - Board also established a Committee, to be chaired by Powers, will conduct in-depth of transactions between Enron entities connected to related parties. The committee is authorized to take any actions it deems appropriate. The & Exchange opened up formal into party transactions that the subject of media reports and the SEC's formal inquiry. As I've said before, welcome this look forward to working with the to put this matter behind us. Moody's lowered credit rating one level, from Baa1 to Baa2. Standard & Poor's (S&P) lowered our credit level, from BBB+ to Fitch lowered our from to All ratings are grade. Even with what's happening with our company, we have kept our business as usual, and here's few examples to show we indeed, doing just EnronOnline did 5,866 transactions 302 on Friday. Transaction counts than EES fixed agreement Home Depot to supply to 115 of its stores California and 68 stores exclusive rights to develop energy management proposals for Home Depot facilities west of the Mississippi. also signed a three-year energy management agreement with Memorial Sloan-Kettering Cancer Center's New York Serious issues have been raised in the media investment community that have our credibility and reputation as a company in question. taking introspective look our business dealings, core values and organization as a doing everything can

Here's a rundown of events from Last week:

	We ExecuTed A coMmItmeNt leTter with JPMorgAN and salomon Smith Barney that Will pRoVIde uS WiTh addItional SEcUREd cReDiT liNeS WoRth $1 biLliOn.  Our NoRthern NatuRal gaS Company and TRAnSwestern PiPelIne Company wiLl sUpport ThEse ASsets.  we nOw havE receiVEd a totAl of $4 billiOn IN crediT Lines, whICH wE wilL use to pay off short-TErM Commercial debt And maiNtAIn LIQuiDitY.
	Our Board oF DIrectORs electED a NEW MemBEr to the Board - WIlliam PowerS, jr., tHe dean Of the uNiversIty of teXAs SChool of Law iN AusTin, Texas.
-	THe BoarD Also estABlished A SpeciAl COmmItteE, To Be ChaIrED by dEaN PoWErs, That will CoNdUct an In-dePTH REvieW of The tRansaCtions between enrOn anD EntIties ConneCted To RelatEd partIes.  ThE cOmmittee is authoRizeD to take anY acTiOns It Deems APproprIatE.
	ThE SecuriTies & ExcHAngE COMMIsSion (SEC) opened up a foRmAL InVestigatIon intO ReLaTEd party tRaNsaCtioNS That hAve bEEn The subjeCt of meDIa RePorts anD tHe subjEcT of The sEC's fORmal InquirY.  As I've saId befORe, we welcome thiS And look forwarD To WORkINg wiTh tHe SEC to put tHis mATter BehiND uS.
      MoODy's loWered OuR CrEDit rating one level, frOm baa1 to BAa2.  StaNdard & Poor's (S&P) lOwered our cREDIt rating One lEVeL, From BBB+ to BBB.  FiTch loWered our raTIng from BbB+ to BbB-.  All ageNcy ratingS ARe investMenT grAde.

eveN WItH what's happeniNG With OuR companY, we Have kepT ruNniNg oUr bUsIness as usUal, and heRe'S fEw ExAmpLes to SHow you thAt We aRe, IndEed, doINg just That:

	ENrononLiNE diD 5,866 transaCTiONS witH 302 cOuNterParTiEs on FRidaY.  traNsactioN counts reMaiN HighEr ThAn averaGe.
	EES signed a tHrEe-year fixeD pRicE agreeMENt with HoMe Depot to supply power to 115 oF Its storEs iN CaliFornIa and 68 storEs aCross TExaS.  eES alsO has exClusiVe RigHTS to deVELoP enErGy managemeNT ProPosalS fOr alL Home DePot facilities west oF The mississippi.
      EEs alSo siGNEd A thREe-YEar EnERgy MANagement agreemeNt with MemoRiAL SLoan-KetterINg CAnCer CentEr's four new YoRK City faCilities.

SErious issUeS havE BEen Raised in thE media anD investmeNT commUNiTy thaT haVe put oUr CreDibilIty and REpuTatioN as a coMpAny in qUestiOn.  we're takiNg an introspective look at Our busIness DeaLings, our cOre VAluEs and our oRganIzation as a WhoLe.  WE're doIng EVerytHing WE cAn tO

Here's a rundown of even ts from la st we ek:

We  exe cute d a commitment lett er with JPMorgan and S alomo nS mith Ba rneythat wi l lp r ovi de  u s w it h  a dditi ona l secur ed creditlin es  worth $1 bi l li on.  Our N ort hern Natural  Ga s Comp an y a n d Tra nsw ester n Pipe l ine Co mpany wil ls upport these a s s et s. We now have recei v ed a total of $4billio ni nc r edi t l ines, whic hwe wi l l use t o  p a y off short-term co mmercial de b t a nd mai nt ain liquid ity.	O u r B oard of Dir ecto rs electe d a ne w  member to theBoard- W ill iamP ow er s,Jr . , t h edea n  of  The Uni ve rs ity o f Te x a s Scho olof L aw in  Austin, Texa s.-	Th e  Bo ard a lso e stab li sheda Spec ial C om mittee, to be c hair ed by Dea n P ow ers ,thatw ill co ndu ctan in-d epth re v iew  o f t he  transactions betw ee n En ron andentiti e sco n nected t orel ated p artie s. T he  committ ee isa ut ho rized t otake a ny  ac tio ns it deem s appr opriate.
	The Securities & E x change Commis s io n (S E C) o pen ed up a for mali nves tiga t io n i n to re lated  p a rt y  transactions thatha ve bee n the  subject of m edia repor t s and thesubj e ct of the SEC's f ormal  inquiry.As I'vesaidbefore,we welcom e this and  lo okfor war d to  working with t he S EC  to put  th is matt erbeh ind  us .      Moo dy's low er ed  o ur  cr editr ating on elev el , f rom B a a1 toBaa2.   St an da r d &  Poor's (S & P ) lo we re d ou r c re dit r atin g  on e level , from BB B+t o BB B.  Fitch l owered our ra ti ng from BB B+  to  BBB-. All agen cy ratings are investme n t grade .
Evenwith  what's h app eningwit h  our c ompany , weha vek e pt ru n n in g o ur  businessa s  us ual,an d he re's fe w examples to show you  that we are,  in deed , do ing ju s t t ha t :
E nronOnline did5,866 tran sa c ti ons with 3 0 2 c ou nterpar ties on  Frid a y.  Tra nsactioncounts re ma in h i g her  than aver age.
	EE S signeda  thre e -y ear f ixe d pric eagr eemen t with Hom e Dep ot tosu pply p owerto  115 ofits stores in Californi a and68 st ore s acrossTex a s. EES also  has  exclusive  ri ght s todev e lop e nerg y  m ana g ement  pro p osals for al l H o m eDepot facil i t i eswestoft he Mis siss ippi.
      EES a l so signed a th ree- y e arene r gy m an agement agreem ent  w i t h Memori al  Sloan-Kett ering Ca nc e r Cen ter'sfour N ew York C it y  facil itie s.
Seriousiss ue s  have b ee nr aisedin t he  media  and i n vest m e nt community tha t hav e put o u r c redib il ity and repu tation asa company i n ques tion .  We 're tak in g an i ntr os pective lo o k at ourbusin ess dea li ngs,  ou r core  val u e s and  our  o rga nizationa s  a wh ol e . We'r e doi ng  eve rything w e  can to

Here's a_rundown of_events from last week:

	We_executed a_commitment_letter with_JPMorgan_and Salomon Smith_Barney that will_provide us with additional_secured credit lines_worth_$1 billion.  Our Northern Natural Gas Company and Transwestern Pipeline Company will support_these_assets. _We_now_have received a total of_$4 billion in credit lines,_which we_will use to pay off short-term commercial debt_and_maintain liquidity.
	Our Board_of Directors elected a new member to the Board_- William Powers, Jr., the dean_of The University_of_Texas_School of Law in_Austin, Texas.
-	The Board also established a_Special Committee, to be chaired by_Dean Powers, that will conduct an in-depth_review of the transactions between Enron_and entities connected to related_parties. _The committee is authorized to_take any actions_it deems_appropriate.
	The Securities &_Exchange Commission (SEC) opened up a_formal investigation into_related party transactions that have been_the_subject of media_reports_and_the subject_of the SEC's_formal_inquiry. _As_I've said before, we welcome this_and_look forward to working with the SEC_to put this matter_behind_us.
   _  Moody's lowered our_credit rating one level, from Baa1_to Baa2._ Standard_& Poor's (S&P) lowered our credit rating one level, from BBB+_to BBB.  Fitch lowered our_rating from BBB+ to_BBB-. _All_agency ratings are_investment_grade.

Even with_what's happening with our company, we have_kept running_our business as usual, and here's_few examples to show_you_that we are, indeed, doing just_that:

	EnronOnline did 5,866 transactions with 302_counterparties on Friday.  Transaction_counts_remain_higher than average.
	EES signed a_three-year fixed price agreement with Home_Depot to supply_power to 115 of its stores in_California_and 68 stores across Texas. _EES_also has exclusive rights to develop_energy_management_proposals for all Home Depot_facilities west of the Mississippi.
 _    EES also signed a three-year_energy management agreement_with Memorial Sloan-Kettering Cancer Center's_four_New_York City facilities.

Serious issues have been raised in the media_and investment_community that have_put our credibility and reputation as a company in question._ We're taking an introspective look at_our business dealings, our core values and our organization as a_whole.  We're doing everything we can to


 sufficient slack that they will be able to provide the
same sort of user attention? Given how often I hear "short people", that
strikes me as something which in London would require significant additional
resource, even after MG is absorbed.

What else did you come up with?
Richard bitch - you have to let me see them!

 -----Original Message-----
From: 	Jai Hawker <JHawker@petersco.com>@ENRON
Sent:	Thursday, December 06, 2001 8:34 AM
To:	Richey, Cooper
Subject:	RE:

$10

-----Original Message-----
From: Cooper.Richey@enron.com [mailto:Cooper.Richey@enron.com]
Sent: Thursday, December 06, 2001 8:34 AM
To: JHawker@petersco.com
Subject: RE:

i'm out. strings should put them on ebay.

    -----Original Message-----
   From:   Jai Hawker <JHawker@petersco.com>@ENRON
   Sent:   Thursday, December 06, 2001 8:29 AM
   To:     Richey, Cooper
   Subject:  RE:

   This is a civil case, not a criminal one so I believe we are working
   under a
   "preponderance of the evidence"  and not the "burden of proof"

   -----Original Message-----
   From: Cooper.Richey@enron.com [mailto:Cooper.Richey@enron.com]
   Sent: Thursday, December 06, 2001 8:27 AM
   To: JHawker@petersco.com
   Subject: RE:

   the burden of proof rests on your shoulders

       -----Original Message-----
      From:   Jai Hawker <JHawker@petersco.com>@ENRON
      Sent:   Thursday, December 06, 2001 8:26 AM
      To:     Richey, Cooper
      Subject:  RE:

      They were a gift.

      -----Original Message-----
      From: Cooper.Richey@enron.com [mailto:Cooper.Richey@enron.com]
      Sent: Thursday, December 06, 2001 8:25 AM
      To: J

sufficient slack that they will be able to provide the
 same sort of exploiter care? Given how often I learn " unretentive people ", that
 strikes me as something which in London would want meaning additional
 resource, even after MG is absorbed.

 What else did you come up with?
 Richard bitch - you have to lease me see them!

  -----Original Message-----
 From: 	 Jai Hawker < JHawker@petersco.com>@ENRON
 Sent: 	 Thursday, December 06, 2001 8:34 AM
 To: 	 Richey, Cooper
 national: 	 RE:

 $ 10

 -----Original Message-----
 From: Cooper.Richey@enron.com [ mailto:Cooper.Richey@enron.com ]
 Sent: Thursday, December 06, 2001 8:34 AM
 To: JHawker@petersco.com
 Subject: RE:

 i'm away. strings should put them on ebay.

     -----Original Message-----
    From:    Jai Hawker < JHawker@petersco.com>@ENRON
    Sent:    Thursday, December 06, 2001 8:29 master of arts
    To:      Richey, Cooper
    Subject:   RE:

    This is a civil font, not a criminal one thus I believe we are working
    under a
    " preponderance of the evidence "   and not the " burden of proof "

    -----Original Message-----
    From: Cooper.Richey@enron.com [ mailto:Cooper.Richey@enron.com ]
    Sent: Thursday, December 06, 2001 8:27 amplitude modulation
    To: JHawker@petersco.com
    Subject: RE:

    the burden of proof rests on your shoulders

        -----Original Message-----
       From:    Jai Hawker < JHawker@petersco.com>@ENRON
       Sent:    Thursday, December 06, 2001 8:26 AM
       To:      Richey, Cooper
       Subject:   RE:

       They were a gift.

       -----Original Message-----
       From: Cooper.Richey@enron.com [ mailto:Cooper.Richey@enron.com ]
       Sent: Thursday, December 06, 2001 8:25 AM
       To: J

 suvficient slack that they will be able to provive the
aame sorg of user attention? Given hox ofren I hear "short people", thag
strikes me as simetiing which in Loison would reqhlre sngiificant additipnal
resousce, even after ME ns absorbed.

What else did you come up with?
Rivhwrd bitch - you havt tj lef me see them!

 -----Original Message-----
Frkm: 	Jai Iawker <JHawker@prtersco.com>@ENRON
Sent:	Thursfay, Fecember 06, 2001 8:34 AM
To:	Rifhey, Cooper
Wubjqxt:	RE:

$10

-----Original Message-----
From: Cooper.Ricgey@enron.com [mailto:Cooper.Richey@evron.cpm]
Sent: Thutssaj, December 06, 2001 8:34 AM
Tj: JHawker@petcgsco.com
Vubject: RE:

i'm out. strikgs sioule put them on ebay.

    -----Original Message-----
   From:   Ban Hawker <JHawker@peterwci.com>@ETRON
   Sdbt:   Tgucsdzy, Decfmbxr 06, 2001 8:29 AM
   Fo:     Richwy, Cooper
   Subject:  WV:

   This is a civil cwse, not a criminal one so I believe we dre working
   under a
   "prwponderance of the evldence"  agd not the "burden of proof"

   -----Original Message-----
   Fsom: Ckupex.Vlcheh@wngon.com [mailto:Cooper.Richey@enron.com]
   Sent: Thurfsau, Cecember 06, 2001 8:27 AM
   To: JHawkrr@oeygrsco.com
   Subgect: RZ:

   the burden of prolf restf on tour shoujderx

       -----Original Message-----
      From:   Jap Haqker <JHawker@peterseo.com>@ENRON
      Xent:   Thursday, December 06, 2001 8:26 CM
      To:     Rifhey, Coopsf
      Subject:  FE:

      They were a gift.

      -----Owiginal Mxssagz-----
      Ffom: Vooper.Wichey@enroj.com [mailto:Cooper.Richey@ejron.clm]
      Sent: Thursday, December 06, 2001 8:25 AM
      To: J

sufficient slack that they will be able the sort of attention? Given how that me as something in London would significant additional resource, even after MG absorbed. What else did you come up with? Richard bitch - you have let me see them! -----Original Message----- From: Jai Hawker <JHawker@petersco.com>@ENRON Sent: Thursday, December 2001 AM Richey, Subject: RE: $10 -----Original Message----- From: Cooper.Richey@enron.com [mailto:Cooper.Richey@enron.com] Sent: Thursday, December 06, 2001 8:34 AM To: Subject: RE: i'm out. strings should put them ebay. -----Original Message----- From: Hawker <JHawker@petersco.com>@ENRON Sent: Thursday, December 2001 AM To: Cooper RE: is a civil not a criminal one so I believe we are working under a "preponderance of the evidence" and the "burden -----Original Message----- Cooper.Richey@enron.com Sent: December 06, 2001 To: JHawker@petersco.com Subject: RE: the burden on your shoulders -----Original Message----- From: Jai Hawker Sent: Thursday, 06, 2001 8:26 AM To: Richey, Subject: RE: They were a gift. -----Original Message----- Cooper.Richey@enron.com [mailto:Cooper.Richey@enron.com] Sent: Thursday, December 06, 2001 8:25 AM To: J

 sufficient slack that they wiLl be able to ProviDe tHe
sAmE sorT of uSer attention? GiVEn hoW often I hear "short people", That
sTrIKes mE As SometHing whiCH iN lOndOn WoUld ReQUiRe sigNifIcant adDitional
reSouRcE, even after MG IS aBsorbed.

WhaT elSe did you come Up wIth?
RicHaRd bITch - yoU haVe to lEt me seE Them!

 -----OrIginal MesSaGE-----
From: 	JAI Hawker <jhAwKer@pEtersco.com>@ENRON
SeNT:	THUrsday, December 06, 2001 8:34 aM
To:	RiChEY, COOPer
subJect:	RE:

$10

-----OrigInAl MesSAge-----
From: cOoPER.ricHEy@enron.com [maiLto:Cooper.RiCHey@Enron.cOm]
senT: thursdAy, DecEmBEr 06, 2001 8:34 Am
To: JHawker@pEterSco.com
SubJect: RE:

I'M out. strINgs shouLd put tHem On eBay.

    -----ORIgInAl MEsSAge-----
   fRoM:   JaI hawKer <JHawkEr@PeTerscO.com>@enron
   SenT:   ThUrsdAy, DecEmber 06, 2001 8:29 AM
   To:     RichEy, COopeR
   subJect:  Re:

   This Is a cIvIl casE, not a cRiminAl One so I believe we Are wOrking
   undEr a
   "PrEpoNdErancE Of the eVidEncE"  and not The "burdEN of PrOOF"

   -----orIginal Message-----
   From: COoPER.RIchey@enrOn.com [mAIlTo:cOoper.RicHeY@enRon.cOM]
   sent: THursDAy, december 06, 2001 8:27 aM
   To: JHAWkEr@PeterscO.cOm
   SubjEcT: RE:

   The BurdeN Of prOof resTs on your ShoulDErs

       -----Original MesSAge-----
      From:   Jai HawKEr <jhAwKEr@peTerSco.com>@ENRON
      sent:   tHursDay, DECeMbeR 06, 2001 8:26 aM
      To:     RIchey, coOPeR
      subject:  RE:

      They were a gIfT.

      -----OrigiNal MeSsage-----
      From: CoopEr.Richey@enRON.Com [mailtO:CooPEr.rIchey@enron.com]
      SEnt: ThUrsday, DeceMBer 06, 2001 8:25 AM
      To: J

 sufficient slack that the y will beabletopro vi de t he same sort of u s er a ttention? Given how of ten I  h e ar " s ho rt pe ople",t ha t
st ri ke s m ea ssomet hin g which  in London  wo ul d require si g ni ficant add iti onal
resour ce,  evenaf ter MG is  ab sorbe d.

Wh a t else  did youco m e up w i th?
Ric h a rd  bit ch - you have tol et me see them!

-- - -- O r igi nal  Message-- -- -
Fro m : 	JaiH aw k e r  <J H awker@petersc o.com>@ENRO N   Sent:Th urs d ay, De cembe r0 6,2001 8:34 A M
To :	Richey,  Coope r
Subjec t :	RE:
$10

- --- -Or igin a lMe ssa ge - --- -
F rom :  Co oper.Ric he y@ enron .com [ m a ilto :Co oper .Rich ey@enron.com]
Se nt:T hur sday,  Dece mber  0 6, 20 01 8:3 4 AMTo : JHawker@peter sco. com
Subje ct:  R E:
i'm o u t. str ing s s hould p ut them oneb a y .
    -----OriginalMe s s ag e-----
  From :   J a i Hawker  < JHa wker @ p eters co.c o m> @ENRON
  Sent :   T hursday ,Decemb er  06 , 2 001 8 : 29 A M
   T o:     R ichey ,  Cooper
   Sub j ect:  RE:

 Th i s  i s  a c ivi l case, not  a c r imin al o n esoI  beli eve w ea re working
   under a  "prep onder ance of the e vidence" a n d  not the  "bu r de n  of proof"

  ---- -OriginalM essage-- ---
  From:Cooper.Ri c h ey@enron .co m [ mai lto : C oo per.Richey@en r o n.co m]
   Sen t:Thursda y,Dec emb er06 , 2001 8: 27 AM
  T o:  J Ha wke r@pet e rsco.com
  S ub jec t: RE :

  the b urde nof pro of rest s  o n your  s ho ulde rs
     --- - -Or iginalMessage-- ---     Fr om:   J ai Hawker <JH aw ker@peters co .co m>@ENR O N
      S ent:   Thursday, Decemb e r 06, 2 001  8:26  AM      To:     Rich ey, Cooper
     Subj ec t:R E:

  Th ey  were a gi f t .
     - ---- Origina l Message-----
    F rom: Cooper.R ich ey@e n r on .co m  [ m ail to : Coo p e r.Richey@enron. com]
     S e nt : Thursday ,  De ce mber 06 , 20018:25A M
     To: J

 sufficient_slack that_they will be able_to provide_the_
same sort_of_user attention? Given_how often I_hear "short people", that_
strikes me as_something_which in London would require significant additional
resource, even after MG is absorbed.

What else_did_you come_up_with?
Richard_bitch - you have to_let me see them! _

 -----Original_Message-----
From: 	Jai Hawker <JHawker@petersco.com>@ENRON
Sent:	Thursday, December 06,_2001_8:34 AM
To:	Richey, Cooper
Subject:	RE:

$10

-----Original_Message-----
From: Cooper.Richey@enron.com [mailto:Cooper.Richey@enron.com]
Sent: Thursday, December 06, 2001 8:34 AM
To:_JHawker@petersco.com
Subject: RE:

i'm out. strings should put_them on ebay.

___ -----Original Message-----
 _ From:   Jai Hawker_<JHawker@petersco.com>@ENRON
   Sent:  _Thursday, December 06, 2001 8:29 AM
 _ To:    _Richey, Cooper
   Subject:_ RE:

_  This is a_civil case, not_a criminal_one so I_believe we are working
  _under a
 _ "preponderance of the evidence" _and_not the "burden_of_proof"

_ _-----Original Message-----
 __From: Cooper.Richey@enron.com_[mailto:Cooper.Richey@enron.com]
_  Sent: Thursday, December 06,_2001_8:27 AM
   To: JHawker@petersco.com
 _ Subject: RE:

 __the burden of proof_rests on your shoulders

 _     -----Original_Message-----
 _ _  From:   Jai Hawker <JHawker@petersco.com>@ENRON
   _  Sent:   Thursday,_December 06, 2001 8:26_AM
 __  _To:_ _  Richey, Cooper
   _ _Subject:  RE:

   _  They were_a_gift.

     _-----Original Message-----
    _ From: Cooper.Richey@enron.com [mailto:Cooper.Richey@enron.com]
 ___  Sent: Thursday, December_06, 2001 8:25 AM
  _  _To: J


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                                                                                ?Copyright IntercontinentalExchange, Inc. 2001, All Rights Reserved. ISDA PRESS REPORT - MAY 30, 2001

Credit Derivatives
* ISDA tackles default swap successor definition - IFR

Risk Management
* Basel 2 comment period ends, work for banks begins -
Reuters
* Hedge funds drive risk tool boom - IFR

Regulatory
* New U.K. Financial Regulator Draws Fire From
Institutions - The Wall Street Journal

Other
* US Equity Derivatives - FOW

ISDA tackles default swap successor definition
IFR - May 26, 2001

The International Swaps and Derivatives Association's credit derivatives
market practice committee last week moved to tackle the question of
reference entity for credit default swaps in the event of a de-merger.

With the dismantling of AT&T looming, the need to resolve the "successor"
issue is heightened, say industry officials, who note that resolution would
enhance legal certainty for the product. AT&T's restructuring plan calls for
splitting the company into four different units and assigning the bulk of
the firm's massive debt burden to two of the entities.

Under the ISDA 1999 credit derivatives definitions, the entity that assumes
"all or substantially all" of a firm's debt responsibility after a break-up
should be used as the reference entity for outstanding credit default swap
contracts. The AT&T example highlights the need for clarification because no
one entity stands to assume the majority of the company's debt obligations

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                                                                                ? Copyright IntercontinentalExchange, Inc. 2001, All Rights Reserved. ISDA PRESS REPORT - MAY 30, 2001

 Credit Derivatives
 * ISDA tackle nonpayment swap successor definition - IFR

 Risk Management
 * Basel 2 comment period end, work for banks begin -
 Reuters
 * Hedge funds drive hazard cock boom - IFR

 Regulatory
 * New U.K. Financial Regulator Draws Fire From
 Institutions - The Wall Street Journal

 Other
 * US Equity Derivatives - FOW

 ISDA tackle default swap successor definition
 IFR - May 26, 2001

 The International Swaps and Derivatives Association's credit rating derivatives
 market practice committee last week affect to tackle the question of
 reference entity for credit rating default swaps in the event of a delaware - merger.

 With the dismantling of AT&T loom, the need to resolve the " successor "
 issue is heighten, say industry officials, who note that resolution would
 enhance legal certainty for the merchandise. AT&T's restructuring plan calls for
 splitting the company into four different units and assigning the bulk of
 the firm's massive debt burden to two of the entities.

 Under the ISDA 1999 recognition derivatives definitions, the entity that assume
 " all or well all " of a firm's debt province after a break - up
 should be used as the citation entity for great credit default swap
 contract. The AT&T example highlights the need for clarification because no
 one entity stands to assume the majority of the company's debt obligations

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                                                                                ?Copyright IntercomtlnentalExchange, Inc. 2001, All Righds Reserved. ISDW PRESS REPORT - MAY 30, 2001

Rredif Derivatives
* ISDA tazkles default swap successlr dewinition - IFR

Visk Management
* Basel 2 cpmment period ends, work for banks begins -
Deuters
* Hedye ftnds drive risk toil boom - IFR

Regulatody
* New U.K. Finanvial Rrgulator Draws Fire From
Insvitutions - The Wall Street Journal

Onhee
* IS Dquitn Derivatives - HOW

IVDW tarkles default swap successod definition
IFR - Lay 26, 2001

The Interuqtional Swaps and Derivatives Association's credit derivatives
mdrket pfactice committee lase week movev to tachle the question of
refergnce entitj for crzdit default swaps in the eytnt if a se-merger.

With tht dismdntming of AT&T loooing, thx nded to resolvq the "xuccessir"
issue is heightcned, say inqustdy officjals, who note ehat resolution womld
enhance oegau certainty fkr the prkduct. AT&T's rfstructuring plan calls for
splirting the company into four differett units agd aswigning the bulk of
the firm's massive debt bjrden to two of the entibies.

Under the IWDA 1999 creait derivatides defnnieiond, the ehtity thar assumes
"skl ir aubstantially all" kf a firn's debt rvsponsibility after d break-up
should be used af tye referencf entidy for outstandmng credit default swap
contragts. The AT&T erample hievlights tve need for zlarification hecause no
ove entiny stakds to asrume the majofity of the company's dent oblkgatiohs

To unsubscribe from this service, click here IntercontinentalExchange, 2001, All Reserved. ISDA PRESS Credit * ISDA tackles swap successor definition IFR Risk Management * Basel 2 period ends, work for banks begins - Reuters * Hedge funds drive risk boom - IFR Regulatory * New U.K. Financial Regulator Draws Fire From Institutions The Street Other US Equity Derivatives - FOW ISDA tackles default swap successor definition IFR - May 26, 2001 International Swaps and Derivatives Association's credit derivatives market committee last week moved tackle the question of reference for default swaps the of de-merger. With the of AT&T looming, the need to resolve the "successor" issue is heightened, say industry officials, who note resolution would certainty for product. restructuring calls for splitting into four different units and assigning the firm's massive debt burden to two of entities. Under ISDA 1999 credit derivatives definitions, the that assumes "all or substantially all" of a debt responsibility after a break-up should be used as the reference entity for outstanding credit contracts. The AT&T example the need for because one stands assume the of the company's debt obligations

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                                                                                ?copyRighT IntercontinenTAlExChange, Inc. 2001, All Rights ReseRved. IsDa pRESs rEpORT - MaY 30, 2001

CrediT deRIVatIvEs
* iSDa tACkLes deFauLt swap sUccessor deFinItIon - IFR

Risk MaNAgEment
* Basel 2 ComMent period enDs, wOrk for BaNks BEgins -
reuTers
* HEdge fuNDs drivE risk tool BoOM - IFR

ReGUlatory
* nEW U.k. FinAncial Regulator DrAWs fIre From
InstituTions - THe wAlL sTreEt JOurnal

OtheR
* Us EquiTY DerivaTIvES - foW

IsdA tackles defaUlt swap succESsoR definItIon
ifR - May 26, 2001

THe IntErNAtiOnal Swaps anD DerIvatives ASsociaTIon's creDIt derivAtives
MarKet PracTIcE cOmmItTEe lASt WeeK MovEd to tackLe ThE quesTion OF
REFereNce EntiTy for Credit default SwaPs in THe eVent oF a de-mErgeR.

WIth thE dismaNtlinG oF AT&T looming, the nEed tO resolve tHe "sUcCesSoR"
issuE Is heigHteNed, Say induStry offICiaLs, WHO NoTe that resolution woUlD
ENhAnce legaL certaINtY fOR the prodUcT. AT&t's reSTRuctuRing PLaN calls foR
splitTInG tHe compaNy Into foUr DifFerEnt unITs anD assigNing the bUlk of
THe firm's massive DEbt burden to twO Of THE eNTitiEs.

UNder the ISDA 1999 CredIT derIvatIVeS deFInitiOns, thE eNTiTY that assumes
"all or suBsTantiaLly alL" of a firm's debt ResponsibiLITY after a bReak-UP
sHOuld be used as thE refeRence entitY For outstAndinG credit dEfault swaP
COntracts. the aT&T ExaMplE HIgHlights the neeD FOr clArIficatiOn bEcause nO
onE enTitY stAnDs to assumE the majoRiTy Of ThE coMpany'S Debt obliGaTioNs

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Credit D erivati ves
*IS D A  tac k lesdefault s wap  succes sor defin i tio n - IFR
Ri skMana gem e n t
* Bas el 2  comm ent peri o den d s,  wo rkfo rb an ks b eg i ns-
Reuters
*  Hedge fund s  d rive  ri s k tool bo om  - IFR

Reg ulat o r y
* N ewU .K.Fin ancial Regul ator Draws F ire From
Inst i tu t ion s - The WallStreetJour n a l
Oth er
* US Equity De ri va ti ves - FOW

ISDA tack les defa ul t s wa p  succ ess o r definitio n
IF R  -  May 26,  2001
T he I ntern ationa l Swapsand Deriv a ti ve s A s s ociati o n ' s credit de r i v a t ive s
market pract i ce com mit t ee la stweekmove d t o tackle the q uestio n o fr efe rence enti ty for cre dit  d ef au lt s waps  inth e even t of  a de-mer ger .
With  t he di smantli n g  o f AT &T  looming , theneed t ores o lve  the  "successor"
issue is h eightened,  s a y in dust r y offic ia ls, w ho no te t hat r es o l ution  wo uld
enhancel egal ce r tainty fort he  product.A T&T 's res truc turing plan call s for
spl itting th e c o mpany into fo ur differ ent un its  and as signin g thebulk  oft he firm's  mas sive debtbur de n  to two  of the ent ities.

Un de r  t he  ISD A 1 999 credi t deri vatives d e f in itions , the entit y thatassumes
" allor  subs tanti a lly all" of a fi rm 's deb trespo ns ibili ty aftera b re a k -upsh o uld b e  u sedas the ref er encee ntityf o r ou t stan di ng c r e dit d e fault s wap
con t rac ts. The AT&Texamp le highlights  the  need f or clarificat ion  bec aus e no
one ent itystandst o a s sum e t he  major ity ofthe c o mpany 's de bt o b ligati ons


27/2001 06:11 PM
To: Ding Yuan/Corp/Enron@Enron
cc:  (bcc: Vince J Kaminski/HOU/ECT)
Subject: Cuiaba models

 Hey Ding.  If you recall, we looked at Southern Cone during July, as this
was the feedback that we got from our presentation in late May.  The Cuiaba
gas and power volumes may be found in several different places since there is
more than one model.  The models do not necessarily agree with each other.  I
have attached a few models that should contain the necessary info.  I also
have a summary sheet template that was to be attached in MAPS.  Enjoy.

-Kevin K. Please let me know if this request should be directed to someone else's
attention or if documents have already been prepared regarding changes that
Mr. Sage requested.  Thanks for your help with this matter. Teresa

 -----Original Message-----
From:  Callahan, Teresa
Sent: 03/13/2001 8:58 AM
To: Shackleton, Sara
Subject: FW: Transfer of bond business from ENAC to ECI
Importance: High

Richard Sage has asked us to change the slate of directors and officers of
this entity to U.S. people, with the exception that perhaps Richard Sage will
retain an officer title.   Will you please provide to me a list of who the
directors will be and who the officers will be and their respective titles.
My understanding is that these elections should take place effective March 5,
2001.  Please advise or if you would like to discuss please call me at
X58444.  Thanks for your assistance.  Teresa

 -----Original Message-----
From:  Thomas, Kathryn
Sent: 03/13/2001 6:12 AM
To: Callahan, Teresa
Cc: Sage, Richard
Subject: RE: Transfer of bond business from ENAC to ECI

Teresa,

Both Richard and Bryan signed the letters on 5th March.   If you need any
other information regarding these then your best bet would be to contact
Simon Pook.

Thxs

Kath
---------------------- Forwarded by Kathryn Thomas/LON/ECT on 13/03/2001

27/2001 06:11 PM
 To: Ding Yuan / Corp / Enron@Enron
 cc:   (bcc: Vince J Kaminski / HOU / ECT)
 Subject: Cuiaba models

  Hey Ding.   If you recall, we look at Southern Cone during July, as this
 was the feedback that we get from our presentation in late May.   The Cuiaba
 gas and office volumes may be found in respective different places since there is
 more than one exemplar.   The models do not necessarily harmonize with each other.   I
 have attached a few model that should contain the necessary info.   I also
 have a summary sheet template that was to be attached in MAPS.   Enjoy.

 -Kevin K. Please permit me know if this request should be directed to someone else's
 attention or if text file have already been prepared regarding changes that
 Mr. Sage requested.   Thanks for your aid with this matter. Teresa

  -----Original Message-----
 From:   Callahan, Teresa
 Sent: 03/13/2001 8:58 AM
 To: Shackleton, Sara
 Subject: FW: Transfer of alliance business from ENAC to ECI
 Importance: High

 Richard Sage has asked us to change the slate of directors and officers of
 this entity to U.S. citizenry, with the exception that perhaps Richard Sage will
 retain an officer title.    Will you please provide to me a list of who the
 directors will be and who the officers will be and their respective titles.
 My understanding is that these elections should consider place effective March 5,
 2001.   Please advise or if you would like to discourse please call me at
 X58444.   Thanks for your assistance.   Teresa

  -----Original Message-----
 From:   Thomas, Kathryn
 Sent: 03/13/2001 6:12 amplitude modulation
 To: Callahan, Teresa
 Cc: Sage, Richard
 Subject: RE: Transfer of bond clientele from ENAC to ECI

 Teresa,

 Both Richard and Bryan signed the letters on 5th March.    If you need any
 other information regard these then your best bet would be to contact
 Simon Pook.

 Thxs

 Kath
 ---------------------- Forwarded by Kathryn Thomas / LON / ECT on 13/03/2001

27/2001 06:11 PL
To: Ding Yuan/Corp/Enron@Envon
cc:  (bcc: Vince J Kamiiski/HOU/SCT)
Subjezt: Cuiaba models

 Hey Ding.  Ih yoy recqll, we looked at Southdrn Cone furing Jyly, es this
was the hsedback that sc got hrom our presenjation in lade May.  The Cuhaca
gas and power volumes may be found in sevrrwl different pjacex sindv uhere is
more than one model.  The models do not necesxarily agree with each othfr.  L
have attached a vew models jgat whould contakn the nectsvary info.  I also
have a summary sheet teoplatz that was jo bf attached ii MAPS.  Enjoy.

-Kevin K. Pleasa let mr know if this rexuewt should be directed to someone else's
wttention ox if documents have aorwady teen preoqrea rtgacdihg chajgea that
Mr. Aage requesred.  Thanks for yout rvkp with this mattew. Eeresa

 -----Original Message-----
From:  Callahan, Ttresa
Sent: 03/13/2001 8:58 AM
To: Shackletob, Sara
Subject: FW: Trandfer of bjnd business from ENAC to ECI
Importance: High

Richasd Saje haw wrjef us to change the slate of directors and offydets of
this entitn to U.S. people, witn hhr exception thxt perkzpa Richard Sage wilp
retaig an ifficer tytle.   Will you please provide ro me a list if who the
directoxs will be aud who the pfficers will be and thzir reapective tihles.
My hvderstanding is ghan thase elecukons should take [lace effxctivz March 5,
2001.  Pkease wdvise or lf yom would like to disfuss klease call me ah
X58444.  Thanks for your assistance.  Teresa

 -----Origiman Mvssage-----
Froi:  Thpmas, Kathryn
Sent: 03/13/2001 6:12 AM
To: Ccllahan, Ceresa
Zc: Sage, Ribhard
Subjxct: RE: Transser of bond bgdiness from XNAC to ESI

Teeesa,

Voth Rizfard and Bryan signed tkt letters in 5th March.   If ypu vsed any
other iuyotnation regardimg ghefe tien yjgr best bet foula bd to cuntact
Simok Puok.

Tnxs

Kath
---------------------- Forwarded by Katgryn Thomas/LON/ECT pn 13/03/2001

27/2001 06:11 PM To: Ding Yuan/Corp/Enron@Enron cc: J Subject: Cuiaba Hey Ding. If Southern during July, as was the feedback we got from our presentation in May. The Cuiaba gas and power volumes may be found in several different since there is more than one model. The models do not necessarily agree each I attached few models that should contain the necessary info. I also have a summary sheet template that to be attached in MAPS. Enjoy. -Kevin K. let me know if request should be directed to else's or if have been regarding changes that Sage requested. Thanks for your help with this matter. Teresa -----Original Message----- From: Callahan, Teresa Sent: 03/13/2001 AM To: Subject: FW: of business ENAC to ECI Richard Sage has asked us to of directors and officers of this entity to people, with exception that perhaps Richard Sage will an officer title. Will you please provide to a list of who the directors will be and who the officers will be and titles. My understanding is these elections should place March 2001. advise or you would like to discuss please call me at X58444. Thanks your assistance. Teresa -----Original Message----- From: Thomas, Kathryn Sent: 03/13/2001 To: Teresa Cc: Sage, Subject: RE: Transfer of business ENAC to ECI Teresa, and signed 5th If need any other information these then your best bet be to contact Simon by Kathryn Thomas/LON/ECT on 13/03/2001

27/2001 06:11 PM
To: Ding Yuan/Corp/Enron@EnroN
cc:  (bcc: VincE J KamInsKi/HoU/eCT)
SUbjeCt: Cuiaba models

 hEy DiNg.  If you recall, we looked aT SoutHeRN ConE DuRing JUly, as thIS
wAS The FeEdBacK tHAt We got FroM our preSentation iN laTe may.  The Cuiaba
GAs And power voLumEs may be found In sEveral DiFfeREnt plAceS sincE there IS
more tHan one modEl.  tHe modeLS do not nECEsSariLy agree with each otHEr.  i
Have attached a fEw modeLs THaT SHouLd cOntain the nEcEssarY Info.  I alSO
hAVE A suMMary sheet tempLate that was TO be AttachEd In MapS.  EnjoY.

-KeviN K. pLeaSe let me know If thIs request Should BE directED to someOne elsE's
aTteNtioN Or If DocUmENts HAvE alREadY been prePaReD regaRdinG CHANges ThaT
Mr. SAge reQuested.  Thanks For Your HElp With tHis maTter. teResa

 -----ORiginaL MessAgE-----
From:  Callahan, TeResa
sent: 03/13/2001 8:58 AM
To: SHacKlEtoN, SAra
SuBJect: FW: traNsfEr of bonD busineSS frOm enac tO ECI
Importance: High

riCHArD Sage has Asked uS To ChANge the slAtE of DireCTOrs anD offICeRs of
this Entity TO U.s. pEople, wiTh The excEpTioN thAt perHAps RIchard sage will
RetaiN An officer title.   wIll you please pROvIDE tO Me a lIst Of who the
dirEctoRS wilL be aND wHo tHE offiCers wIlL Be ANd their respective tiTlEs.
My unDerstAnding is that tHese electiONS Should taKe plACe EFfective March 5,
2001.  PLease Advise or if YOu would lIke to Discuss pLease call ME At
X58444.  ThankS foR yoUr aSsiSTAnCe.  Teresa

 -----OrigiNAL MesSaGe-----
From:  THomAs, KathrYn
SEnt: 03/13/2001 6:12 aM
TO: CaLlAhan, TeresA
Cc: Sage, RIcHaRd
suBjeCt: RE: TRAnsfer of BoNd bUsIneSs froM eNAC to eCI

TeResa,

boTh rIchArd and BRYaN SIgneD tHe LettErs On 5Th MarCh.   If YOu nEed any
oTher inforMatIOn reGaRdIng thesE then your best BeT would be to CoNtaCt
SimoN pOok.

Thxs

KAth
---------------------- Forwarded by Kathryn ThOMas/LON/EcT oN 13/03/2001

27/2001 06:11 PM
To: DingYuan/Corp/ Enron @En ron
c c: (bcc : Vince J Kami n ski/ HOU/ECT)
Subject: Cuia ba mo de l s

H ey  Ding .  If y o ur e cal l,  w e l oo k ed  at S out hern Co ne duringJul y,  as this
wa s  t he feedbac k t hat we got f rom  our p re sen t ation  in  late  May.The Cu iaba
gas  a n d powe r  volume s ma y be  found in several di f ferent placessinceth e re i s mor e than one  m odel.  The mo d el s d o n o t necessarily  agree with eac h othe r.   I
haveattac he d  afew modelsthat  should c ontain the nec e ssary i nfo. I a lso
ha v easum ma r y s h ee t t e mpl ate that  w as  to b e at t a c h ed i n M APS.   Enj oy.

-Kevin K . P leas e  le t meknowif t hi s req uest s hould  b e directed to s omeo ne else's
a tt ent io n ori f docu men tshave al ready b e enpr e p a re d regarding change st h at
Mr. Sa ge req u es te d .  Thank sfor  you r helpwith th is matte r. Ter e sa
 -----O ri ginalMe ssa ge- ----F rom:   Call ahan, Te resa
Sent: 03/13/2 0 01 8:58 AM
To :  S h a ck l eton , S ara
Subject : FW :  Tra nsfe r  o f b o nd bu sines sf ro m  ENAC to ECI
Import an ce: Hi gh

R ichard Sage h as asked u s t o change  the sl a te of director s and  officerso f
thisentit y to U.S . people, w ith theexc ept ion  th a t  p erhaps Richar d Sage  w ill
re tai n an of fic ertit le.   Will you  pleasepr ov id etome al ist of w ho  th e
di recto r s will  be a nd w ho  t h e o fficers wi l l  bean dthei r r es pecti ve t i tle s.
My  understa ndi n g is  t ha t these  elections sh ou ld take pl ac e e ffecti v e  March 5 ,
2001.  Please advise or if y ouwould  lik e to disc uss  pleas e c a ll meat
X5 8444.  Tha n k s for y ou r a ss istance. T e res a

 - -- --Or iginalMessage-----
From:  Th omas, Kathryn   Sent : 03 /13 / 20 0 1 6 :1 2  AM T o: Callahan, Te resa
Cc: S ag e ,Richard
Su b jec t:  RE: Tr ansferof bo n d busin ess fromENAC to E CI

Te r e sa,

Both Ric hard and  Bryan si g ned t h elette rson 5th  M arc h.  If you nee d any
othe rinform ation  r egarding  these then your best b et wou ld be  to  contact
Si m onPook.

Th xs
Kath
----- --- --- ----- --- - -- Fo rwar d ed  by Kathr yn T h omas/LON/ E CT  on 1 3/ 03/2001

27/2001 06:11_PM
To: Ding_Yuan/Corp/Enron@Enron
cc:  (bcc: Vince_J Kaminski/HOU/ECT)
Subject:_Cuiaba_models

 Hey_Ding._ If you_recall, we looked_at Southern Cone during_July, as this_
was_the feedback that we got from our presentation in late May.  The Cuiaba_
gas_and power_volumes_may_be found in several different_places since there is
more_than one_model.  The models do not necessarily agree_with_each other. _I
have attached a few models that should contain_the necessary info.  I also_
have a summary_sheet_template_that was to be_attached in MAPS.  Enjoy.

-Kevin K._Please let me know if this_request should be directed to someone else's_
attention or if documents have already_been prepared regarding changes that_
Mr. Sage_requested.  Thanks for your_help with this_matter. Teresa

_-----Original Message-----
From: _Callahan, Teresa
Sent: 03/13/2001 8:58_AM
To: Shackleton, Sara
Subject:_FW: Transfer of bond business from_ENAC_to ECI
Importance: High

Richard_Sage_has_asked us_to change the_slate_of directors_and_officers of
this entity to U.S._people,_with the exception that perhaps Richard Sage_will
retain an officer_title._  Will you_please provide to me a_list of who the
directors will_be and_who the_officers will be and their respective titles.
My understanding is_that these elections should take place_effective March 5,
2001._ Please_advise_or if you_would_like to_discuss please call me at
X58444. _Thanks for_your assistance.  Teresa

 -----Original Message-----
From:_ Thomas, Kathryn _
Sent:_03/13/2001 6:12 AM
To: Callahan, Teresa
Cc: Sage,_Richard
Subject: RE: Transfer of bond business_from ENAC to ECI

Teresa,

Both Richard_and_Bryan_signed the letters on 5th_March.   If you need_any
other information_regarding these then your best bet would_be_to contact
Simon Pook.

Thxs

Kath
---------------------- Forwarded by_Kathryn_Thomas/LON/ECT on 13/03/2001