 to enforce these assertions when he was running for office.
It also says FASB 5
requires the two accrual criteria to be met.

As I understand it, the government took over sometime last year and
nationalization of resources
was part of their platform. However, the announcement occured in mid-Feb 1995
that the government
intends to nationalize the mining industry. Also, the taking over of the
telephone company took
place in January. Since both of these events happened in 1995, I would think
they should not accrue
in 1994 because the asset was not actually impaired in 1994, in fact the
asset was fully functional
and operational for the entire financial reporting period. I believe they
should disclose that the
possibility of expropriation exists in 1994, but I think they should not
accrue..

I disagree that the company should cease use of the patent infringing
technology, I believe that
companies frequently make conscious business decisions to infringe upon
patents. Since I agree that
an accrual is not in order, perhaps a general disclosure regarding patent
litigation should be
made.

The book states that "If there are several aspects of litigation, each of
which gives rise to a
possible claim, then the accrual criteria should be applied to each possible
claim...."

Thus I think we should break up the product liability suit into pieces.
They've agreed to pay 1M
for lost rentals. This should clearly be accrued, assuming it hasn't been
paid yet. The tenants
claims are expected to be settled for 1M, this too should be accrued. The
surrounding property
claims are not estimable, and therefore should be handled with a disclosure.

Christine

Jeff.Dasovich@enron.com wrote:

> OK folks, here it is.  Sorry for the delay, but those pesky questions ended
> up being more detailed than I anticipated.  Please take a quick look and
> let me know if there are any comments---more ambiguities than usual in this
> one.  I'll await comments and finalize this evening.
>
> Jimmie/Dylan--my apologies, but last Wednesday evening, I found out that I
> have to be in LA for a meeting tomorrow.  If I make it

to enforce these assertions when he was running for office.
 It also suppose FASB 5
 command the two accrual criteria to be met.

 As I understand it, the politics took over sometime last class and
 nationalization of resource
 was part of their platform. However, the announcement occured in mid - Feb 1995
 that the government
 mean to nationalize the mining industry. Also, the pickings over of the
 telephone company took
 place in January. Since both of these events happened in 1995, I would think
 they should not accrue
 in 1994 because the asset was not actually impaired in 1994, in fact the
 asset was amply functional
 and operational for the entire fiscal reporting period. I think they
 should disclose that the
 hypothesis of expropriation exists in 1994, but I think they should not
 accrue..

 I disagree that the company should cease use of the patent infringing
 engineering, I believe that
 companies frequently make conscious business decisions to infringe upon
 patent. Since I agree that
 an accrual is not in order, perhaps a general disclosure regarding patent
 litigation should be
 made.

 The book states that " If there are several aspect of litigation, each of
 which gives rise to a
 potential title, then the accrual criterion should be applied to each possible
 title.... "

 Thus I think we should break up the product indebtedness suit into pieces.
 They've agreed to pay 1 M
 for lost rentals. This should clearly be accrued, assuming it hasn't been
 paid yet. The tenant
 claims are expect to be settled for 1 M, this too should be accrued. The
 surrounding property
 title are not estimable, and therefore should be handled with a disclosure.

 Christine

 Jeff.Dasovich@enron.com wrote:

 > OK folks, here it is.   Sorry for the delay, but those pesky questions end
 > up being more detailed than I anticipated.   Please consume a quick expression and
 > let me acknowledge if there are any remark --- more ambiguities than common in this
 > one.   I'll await comments and finalize this evening.
 >
 > Jimmie / Dylan -- my apologies, but final Wednesday evening, I witness out that I
 > have to be in LA for a confluence tomorrow.   If I make it

 to enforce these assertionr when he was ronbing fmr offjce.
It auso says FASB 5
requires the txo axcruao criteria to be met.

As I undersnand it, tye gicernment took over sometjle lcsv year and
natipnalizatiot of resources
far 'art of their platform. However, the agnouncekejt occured in iid-Ftb 1995
thaf the government
intends to nationamize tht mining industry. Slso, the taking over of thf
tepephone company tolk
place in Hanuwey. Since botf of these events happgned in 1995, I would think
they shouud noc accrue
in 1994 bwcakve the assev was got actually impaireg in 1994, im fact the
assct wav fylly functional
and opxrational for the enjire finanwicl reporting period. I bwlievg thef
shuyld diackoae thah tie
possibilify of expropriation exists in 1994, btn I think theg shoujd not
accrue..

I disagree that the company vhohld cease use of the parent infringing
technllogy, I bqlieve that
companies frequently make conscious buvinesa deelfkind to infringe upon
patents. Since I agree that
wh scbrual is not in ovder, perhaps a genrrwl qisclosure reeardiny pztent
litigation sjould bg
made.

Tye book suates that "If there are several qspects of lptigqtion, each of
whick gives rise to s
possoble claim, then the accxual cditeria shokld be apluied to each posribke
claim...."

Thus I think we shoujd break np thz producg lisbilitr suit intl piegas.
They've agreed tl pay 1M
xor lost rfntals. This should clearly be arrrued, assuminb ht vasn't bezn
paic yet. The tenwnts
claims are expectzd to ce settled for 1M, vhis too shotld be accrueg. The
surrounving propqrty
xlains are vut estimable, amd therefore should be handled with a dirdlosure.

Christinz

Ledf.Dasovich@enron.vom wrjtv:

> OL smlks, here it is.  Softy fof the dtjan, bjt tnose pesky questions endsd
> up being more drtwiled thqn I antycipated.  Plesse take a quick llok aid
> let me kmow if there are any comments---more ambiguitles than usual yn tmis
> jne.  I'll acait comments and finalize this evening.
>
> Oimmie/Dylan--my apologies, but last Wednesday tvening, I fouid out that I
> hdve to be in LA for q meeting tomorroe.  If I make it

to enforce these assertions when he was office. also says 5 requires the met. I understand it, government took over last year and nationalization of resources part of their platform. However, the announcement occured in mid-Feb 1995 that the intends to nationalize the mining industry. Also, the taking over of the telephone took in Since of these events happened in 1995, I would think they should not accrue in 1994 because asset was not actually impaired in 1994, in the asset was fully and operational for the entire reporting I believe should that possibility of expropriation in 1994, but I think they should not accrue.. I disagree that the company should cease use the patent I believe companies make business decisions to patents. Since I agree that an in order, perhaps a general disclosure regarding patent should be The book states that "If there several aspects of litigation, each of which gives to a possible claim, then the accrual criteria should be applied to each possible claim...." think we should break the product liability into They've to 1M for rentals. This should clearly be accrued, assuming it hasn't been paid The tenants claims are expected to be settled for 1M, should accrued. The surrounding claims are not estimable, therefore be handled with a Jeff.Dasovich@enron.com > it Sorry the delay, but those questions ended > up being detailed than I anticipated. and > let me know if there are comments---more ambiguities than usual in this > I'll await comments and finalize this evening. > > Jimmie/Dylan--my apologies, but Wednesday evening, out that I > have to be in for a meeting tomorrow. I make it

 to enforce these assertions wHen he was ruNning For OffIcE.
It aLso sAys FASB 5
requireS The tWo accrual criteria to be mEt.

As I UnDErstANd It, the GovernmENt TOOk oVeR sOmeTiME lAst yeAr aNd
natioNalization Of rEsOurces
was parT Of Their platfOrm. however, the anNouNcemenT oCcuREd in mId-FEb 1995
thaT the goVErnmenT
intends tO nATionalIZe the miNINg InduStry. Also, the taking OVeR Of the
telephone CompanY tOOk
PLAce In JAnuary. SincE bOth of THese eveNTs HAPPenED in 1995, I would thinK
they should NOt aCcrue
iN 1994 bEcaUSe the aSset wAs NOt aCtually impaIred In 1994, in fact tHe
asseT Was fullY FunctioNal
and OpeRatIonaL FoR tHe eNtIRe fINaNciAL rePorting pErIoD. I belIeve THEY
ShouLd dIsclOse thAt the
possibilIty Of exPRopRiatiOn exiSts iN 1994, bUt I thInk theY shouLd Not
accrue..

I disagRee tHat the comPanY sHouLd Cease USe of thE paTenT infrinGing
tecHNolOgY, i BElIeve that
companies fReQUEnTly make cOnscioUS bUsINess deciSiOns To inFRInge uPon
pATeNts. Since i agree THaT
aN accruaL iS not in OrDer, PerHaps a GEnerAl discLosure reGardiNG patent
litigatIOn should be
madE.

thE BOoK StatEs tHat "If there aRe seVEral AspeCTs Of lITigatIon, eaCh OF
wHIch gives rise to a
possIbLe claiM, then The accrual criTeria shoulD BE Applied tO eacH PoSSible
claim...."

Thus i thinK we should bREak up the ProduCt liabilIty suit inTO Pieces.
ThEy'vE agReeD to PAY 1M
For lost rentalS. tHis sHoUld cleaRly Be accruEd, aSsuMinG it HaSn't been
paId yet. The TeNaNtS
cLaiMs are EXpected tO bE seTtLed For 1M, tHIs too sHould Be acCrUeD. the
SurrounDInG PRopeRtY
cLaimS arE nOt estImabLE, anD therefOre should Be hANdleD wItH a disclOsure.

ChristinE

JEff.DasovicH@eNroN.com wrOTE:

> OK folks, Here it is.  Sorry for the delaY, But thosE peSky quEstiOns ended
> uP beIng morE deTAiled tHan I anTicipAtEd.  PLEAse taKE A qUicK lOok and
> let mE KNow If theRe Are aNy commeNts---more ambiguities THan Usual in this
> onE.  I'lL awaIT CoMmeNTs ANd fInALizE THis evening.
>
> JimmiE/Dylan--my apOlOGiEs, but last WEDneSdAy eveniNg, I founD out tHAt I
> have To be in LA fOr a meetinG tOmorROW.  If i make it

 to enforce these assertio ns when he  wasrun nin gforoffi ce.
It also s a ys F ASB 5
requires the two  accr ua l  cri t er ia to  be met .
A s  Iun de rst an d  i t, th e g overnme nt took ov erso metime lasty ea r and
nat ion alization of  re source swas partoftheir  platf o rm. Ho wever, th ea nnounc e ment oc c u re d in  mid-Feb 1995
th a tt he governmentintend st on a tio nal ize the mi ni ng in d ustry.A ls o , the taking over o f the
tele p hon e comp an y t o ok
pla ce in  J a nua ry. Since b othof theseevents happene d  in 199 5, I w oul d t hink
t he y s ho u ldn ot  ac c rue
in 1994  b ec ausethea s s e t wa s n ot a ctual ly impaired i n 1 994, infactthe asse twas f ully f uncti on al
and operatio nalfor the e nti re  fi na ncial report ing  pe riod. I  believ e  th ey s ho uld disclose thatth e po ssibilit y of e x pr op r iation e xi sts  in1 9 94, b ut I th ink they  shoul d  n ot
accru e. .

I d is agr eethatt he c ompany  shouldcease use of the pat e nt infringing
t e c hn o logy , I  believe th at
c o mpan iesf re que n tly m ake c on s ci o us business decisio ns  to in fring e upon
paten ts. SinceI a gree tha t
an ac c rual is not in  orde r, perhaps a genera l dis closureregarding p atent
l iti gat ion  sh o u ld  be
made.

Th e book  s tates t hat  "If th ere  ar e s eve ra l aspects  of liti ga ti on ,eac h ofwhich gi ve s r is e t o a
p o ssible  clai m, t he nt heaccrual cr i t eria  s ho uldbeap plied  toe ach  possib le
claim ... . "

T hu sI think  we should br ea k up the p ro duc t liab i l ity suit  into pieces.
They'vea greed t o p ay 1M
for  lost ren tal s. Thi s s h ould c learly  be a cc rue d ,  assu m i ng  it  h asn't been pai d yet .Thetenants
claims are expect e d t o be settledfor  1M, t hi s t o os hou ld bea c crued. The
sur rounding p ro p er ty
claimsa reno t estim able, a nd th e reforeshould be  handledwi th a d isc losure.

C hristine

Jeff.Da s ovich @ en ron.c omwrote:
> O K fol ks, he r e i t is.   Sorr yfor th e del ay , but th ose pesky questions end ed
> u p bei ngmore deta ile d  th an I anti cipa ted.  Plea setak e a q uic k  look  and >let me kn ow i f  there ar e  a nyc o mm ents---more a m big uitie s t h an usu al i n this
> one.  I' l l await commen ts a n d  fi nal i ze t hi s evening.
>
>  Ji mm i e /Dylan-- my  apologies,  but las tW ednes day ev ening,  I foun d ou t  thatI
>hav e to be i n L Af or a me et in g  tomor row.  If I m ake it

 to_enforce these_assertions when he was_running for_office._
It also_says_FASB 5
requires the_two accrual criteria_to be met.

As I_understand it, the_government_took over sometime last year and
nationalization of resources
was part of their platform. However,_the_announcement occured_in_mid-Feb_1995
that the government
intends to_nationalize the mining industry. Also,_the taking_over of the
telephone company took
place in January._Since_both of these_events happened in 1995, I would think
they should_not accrue
in 1994 because the asset_was not actually_impaired_in_1994, in fact the_
asset was fully functional
and operational for_the entire financial reporting period. I_believe they
should disclose that the
possibility of_expropriation exists in 1994, but I_think they should not
accrue..

I_disagree that_the company should cease use_of the patent_infringing
technology,_I believe that
companies_frequently make conscious business decisions to_infringe upon
patents._Since I agree that
an accrual is_not_in order, perhaps_a_general_disclosure regarding_patent
litigation should_be
made.

The_book states_that_"If there are several aspects of_litigation,_each of
which gives rise to a
possible_claim, then the accrual_criteria_should be applied to_each possible
claim...."

Thus I think_we should break up the product_liability suit_into pieces._
They've agreed to pay 1M
for lost rentals. This should clearly be_accrued, assuming it hasn't been
paid_yet. The tenants
claims are_expected to_be_settled for 1M,_this_too should_be accrued. The
surrounding property
claims are not_estimable, and_therefore should be handled with a_disclosure.

Christine

Jeff.Dasovich@enron.com wrote:

> OK folks,_here_it is.  Sorry for the_delay, but those pesky questions ended
>_up being more detailed than_I_anticipated._ Please take a quick_look and
> let me know if_there are any_comments---more ambiguities than usual in this
> one.__I'll await comments and finalize this_evening.
>
>_Jimmie/Dylan--my apologies, but last Wednesday evening,_I_found_out that I
> have to_be in LA for a meeting_tomorrow.  If I make it


ai Hawker <JHawker@petersco.com>@ENRON
                  Sent:   Thursday, December 06, 2001 6:39 AM
                  To:     Richey, Cooper
                  Subject:

                  I have a pair of shoe trees that are slightly too big for
   my
            shoes.
               Do
                  you
                  want a look.  I'd give them to you, but I need a pair
      myself,
         and
            I'm
                  cheap.
                  I suggest some sort of sale whereby we both win.  I sell
   you
         the
            new
                  shoe
                  trees for a discount (you win) and I use that money to
      finance
         my
                  purchase
                  (in turn receiving a discount on that pair).  What do you
      say
            bitch?

                  Jai Hawker
                  403-261-2259
                  Peters & Co. Limited

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

   ********************************************************************** I apologize for my delay in responding to this.  I have two comments:

1) The Power Pool rules

ai Hawker < JHawker@petersco.com>@ENRON
                   Sent:    Thursday, December 06, 2001 6:39 AM
                   To:      Richey, Cooper
                   Subject:

                   I have a couple of horseshoe trees that are slightly excessively bad for
    my
             shoes.
                Do
                   you
                   want a spirit.   I'd collapse them to you, but I need a couple
       myself,
          and
             I'm
                   brassy.
                   I suggest some kind of sale whereby we both win.   I sell
    you
          the
             new
                   shoe
                   tree for a discount (you win) and I use that money to
       finance
          my
                   purchase
                   (in turn meet a discount on that pair).   What do you
       say
             gripe?

                   Jai Hawker
                   403 - 261 - 2259
                   Peters & Co. Limited

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

    * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * I apologize for my delay in responding to this.   I have two comments:

 1) The Power Pool dominion

ai Jawker <JHawker@petersco.coo>@ENRON
                  Sent:   Thursaay, December 06, 2001 6:39 AM
                  To:     Richey, Cooper
                  Wubjtct:

                  I hayz a pzlr of whoe trees thaj are slightny too big for
   mv
            shoes.
               Do
                  you
                  want a look.  I'd give them to you, buu I need a pair
      myself,
         and
            I'm
                  cheap.
                  K suggest some sort of sale whereby we both win.  I seul
   vou
         tye
            nxw
                  shoe
                  trees foc a eiscount (you win) and M use that money to
      finatcz
         my
                  puscharw
                  (mn turn recsiving a diwcount on that pair).  Ryat do you
      say
            bitch?

                  Jai Hafked
                  403-261-2259
                  Peters & Co. Limitqd

   **********************************************************************
               This e-mail is the property of Enroi Zork. qnd/or utd
   relevant
            affiliate
               snc
               may contaon cpgfidential ana privnmefed material for tje
   soje
      use
         of
            the
               intenbed recipient (s). Any rzview, use, dirtrinutiom or
         disclosure
            by
               others is stficnly [rohibitta. If you are not ehe intenved
         fecikient
            (lr
               authorixed tl seceive fog the recipient), please contact vie
         semdar
            or
               reply
               to Evron Corp. zt enroi.messaging.adiinistration@etton.com
   and
         qelere
               all
               bokies of thw message. This e-mall (ana any attachmentw
   hereto)
         ard
            not
               intevded to be cn offrr (or an acceptance) dnd so not create
   or
            evidense
               a
               binving aid enfprcgable contract between Enron Codp. (or any
   jf
         ies
               affiliates) and the intended recipient ir any other parti,
   and
      may
            not
               ba
               reliwd on by anyone ax the basis of a contdact bf estlppel
   or
            otherwise.
               Thank you.

   ********************************************************************** I apologize foe my dxlwy in respohdinb to nhif.  I hade txo comments:

1) The Poeer Pool rules

ai Hawker <JHawker@petersco.com>@ENRON Sent: Thursday, December 06, AM Richey, Cooper I have a are too big for shoes. Do you a look. I'd give them to but I need a pair myself, and I'm cheap. I suggest some sort sale whereby we both win. I sell you the new shoe trees for discount win) I that money to finance my purchase (in turn receiving a discount on that pair). What do say bitch? Jai Hawker 403-261-2259 Peters & Co. ********************************************************************** This e-mail is property of Enron Corp. and/or relevant and may confidential privileged for the sole of the intended recipient (s). Any review, use, distribution or disclosure by others is strictly prohibited. If are not recipient (or to for recipient), please contact or reply to Enron Corp. at all copies of the message. This e-mail (and attachments hereto) not intended to be an offer an acceptance) and do not create or evidence binding and enforceable contract between Enron Corp. (or any of its affiliates) and the intended any other party, and not be relied by as basis a contract estoppel or otherwise. Thank you. ********************************************************************** I apologize for my delay responding to this. I have two comments: 1) The Power

ai Hawker <JHawker@petersco.coM>@ENRON
                  Sent:   thursDay, decEmBer 06, 2001 6:39 Am
                  To:     RIchey, Cooper
                  SubJEct:

                  I Have a pair of shoe trees thAt are SlIGhtlY ToO big fOr
   my
            shoES.
               DO
                  YOu
                  wAnT a LooK.  I'D GiVe theM to You, but I Need a pair
      mYseLf,
         And
            I'm
                  cheap.
                  I sUGgEst some sorT of Sale whereby wE boTh win.  I SeLl
   yOU
         the
            nEw
                  sHoe
                  trEes for A DiscouNt (you win) aNd i Use thaT Money to
      FINaNce
         mY
                  purchase
                  (in turn reCEiVIng a discount on That paIr).  wHaT DO yoU
      saY
            bitch?

                  Jai HAwKer
                  403-261-2259
                  PeTErs & Co. LiMItED

   **********************************************************************
               tHis E-Mail is the propErty of Enron cOrp. And/or iTs
   RelEVant
            afFiliaTe
               ANd
               mAy contain coNfidEntial and PrivilEGed mateRIal for tHe
   sole
      Use
         Of
            tHe
               inTEnDeD reCiPIenT (S). ANy rEVieW, use, distRiBuTion oR
         disCLOSUre
            bY
               otHers Is strIctly prohibitEd. IF you ARe nOt the IntenDed
         rEcIpienT
            (or
               autHorizEd To receive for the ReciPient), pleaSe cOnTacT tHe
         senDEr
            or
               rePly
               To ENron CorP. at enroN.MesSaGING.aDministration@enron.CoM
   ANd
         Delete
               alL
               copieS Of ThE Message. THiS e-mAil (aND Any atTachMEnTs
   hereto)
         Are
            not
               INtEnDed to be An Offer (oR aN acCepTance) ANd do Not creAte
   or
            eviDence
               A
               Binding and enfoRCeable contracT BeTWEeN enroN CoRp. (or any
   of
         itS
               affILiatEs) anD ThE inTEnded RecipIeNT oR Any other party,
   and
      may
            NoT
               be
               relIed on By anyone as the Basis of a coNTRAct by estOppeL
   Or
            OTherwise.
               Thank yOu.

   ********************************************************************** I apOlogize for MY delay in RespoNding to tHis.  I have tWO Comments:

1) the powEr POol RULeS

ai Hawker <JHawker@petersc o.com>@ENR ON
            Sent:   Thursd a y, D ecember 06, 2001 6:39AM
           To:   R i c hey ,Co ope r             Subject:
              Ihave a pai r o f shoe trees  th at are  s lig h tly t oobig f or
  m y
           s ho e s.
         Do
                y ou                  wa nt al o ok.   I 'd give th em  to y o u, butI  n e e d  ap air
      mys elf,
       a nd
        I'm
              che ap.               I sug g est som e sort  of  sa le w h er eb y w eb oth wi n.I s ell
   y ou
       t h e         new
               sho e
             trees  for a  disc ou nt (you win) an d Iuse thatmon ey  to
    f inance
       my          purchase
             (in t urn re c ei vi n g a disc ou nton t h a t pai r).Wh at do yo u
    s ay
          bi tc h?
             Jai Hawk er
              403-261-2259          Peters &  Co. Limi ted

   * ***** ** * ** * ******************* ** ****** ***** ************* ********** * * *
          This e-mail is  theproperty o f  Enron C orp.and/or i ts
   rel e v ant
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            an d             ma y c ont ain  co nf identialand priv il eg ed  m ate rialf or the
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       int end ed  reci pien t  (s ). Anyreview, u se, dist ri bu tion or
         dis cl osure
         by            others is strictly prohibi ted . Ifyouare not t heintend ed       reci pient
      ( or
           a uth orize dto r eceivefor the recipient) ,  pl ease contactthe
     s e nd e r
      or
              repl y           to  E nron Co rp. atenron . messagi ng.admini stration@ en ron. c o m
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        del ete
          all           copi es oft hemessa ge. Th is  e-mai l (an dany atta chments
   hereto)
        a re
          no t
           int ended to b e a n o ffer(or an ac cept a nc e)a nd do  not create
 or
        evide n c e
           a              bindin g  and enforceab le c o n tra ctb etwe en  Enron Corp. ( oran y    of
       its
           aff iliate s) and  the in t e nd e d reci pien t o r any oth erpa r ty,
  an d     m ay
         not             be
           r e lie d onby  anyone as t he basis o f a contrac t by e stop pel
  or
         o th erwise.
            Th ank you .

  ****** **** * * ***** **** ** *** ********* * * ** * ** ** * *** **** ***** ** **** ******* I apologiz e f o r my de la y i n respon d in g to this. I h ave t w o  comments:
1)T he Power  Poolrules

ai Hawker_<JHawker@petersco.com>@ENRON
 _   _ __ __  _  _Sent:   Thursday,_December 06, 2001_6:39_AM
             __ __To:_    Richey,_Cooper
    _ _       __  Subject:

_        _     _  I_have_a_pair of shoe trees_that are slightly too big for
_  my
   _      _ shoes.
    _    _ _   Do
 _  _ _  _     _  you
_     __  ___ _  _want_a look.__I'd give them to you, but_I_need a pair
    _ myself,
  __   _ and
   _     _ _I'm
 _          _     cheap.
_   _ __  __ _    I suggest some_sort of_sale whereby we both win. _I sell
  _you
_     _  the
   _    ___ new
   _     _  _     shoe
 __     __     ___trees for a discount (you_win) and I use that money_to
      finance
  _  _   my
 ___         _ _  purchase
_         _      _(in turn receiving a discount on that pair).  What do_you
      say
 _      _   bitch?

__      ____  _  _Jai Hawker
 _ _  _ _  __     403-261-2259
            _     Peters_& Co. Limited

  _**********************************************************************
_  _   _       This_e-mail is the property of Enron Corp. and/or its
__ relevant
_   _ _ _  _affiliate
 _ _ _      __ and
       ____  _ may contain_confidential and privileged_material for the
__ sole
    _ use
 _   _   of
      _     the
           _ _ intended recipient (s)._Any review,_use,_distribution or
    _ _  disclosure
     __     by
      ___  __  others is strictly prohibited._If_you_are_not_the intended
    _    recipient
  __    _ __(or
   _   _       authorized to receive for_the_recipient), please_contact_the
__   _   sender
           _or
_    _     __  reply
 _       _    _to Enron Corp. at_enron.messaging.administration@enron.com
   and
         delete
        _    _ all
   _  __  _   _copies of the message. This e-mail (and any_attachments
   hereto)
         are
     _      not
_  _ _        _intended to be an offer (or an acceptance) and do not_create
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          __evidence
     _     _   a
_   __  _ _   _binding and enforceable contract_between Enron Corp. (or any
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     _         affiliates) and the intended recipient or any other party,
   and
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          _ not
_        _     be
  ___   __    _relied on by anyone_as the_basis of a contract by estoppel
 _ or
_   _    _  otherwise.
   __     _ __ Thank_you.

 __********************************************************************** I apologize_for my_delay in_responding_to this._ I_have_two comments:

1)_The Power_Pool_rules


The pickle in which PaperExchange finds itself is also being viewed, by some,
as an indictment of Internet Capital Group.

In September, ICG boosted its stake in the company from 20 percent to 83
percent, in exchange for 4.8 million shares of ICG common stock. The deal
came at a time when ForestExpress was showing signs of life and when indie
Net markets in general were falling into disfavor and were being all but
ignored by most venture capitalists.

ICG's fortunes have tumbled lately because many of its b-to-b investments are
not paying off for shareholders. Last month, the company announced plans to
cut costs, reduce its investment spending and refocus efforts on 15
"developed" companies in its portfolio -- companies that have the best
near-term shot at initial public offerings.

PaperExchange was not named as one of those "developed" companies.

An ICG spokeswoman defends the investment in PaperExchange, acknowledging the
company needs to help in developing its business model further -- a role ICG
is uniquely positioned to play.

"We have accumulated a lot of knowledge about b-to-b that has helped us build
some leading b-to-b businesses," said Michelle Strykowski. "Our investment in
PaperExchange is an educated bet based on that proven experience."

Adam Feuerstein covers e-commerce for UpsideToday. Reach him at
adamf@upside.com. If you would like to submit a letter to the editor
regarding this story, email online@upside.com Group,

When entering a physical annuity (for example, for the sale of ST-Cali length
in SP-15), we need to make that the annuity starts and ends for 2 days from
now, for 1 mw, for HE 1, for the appropriate dollar amount.  So today is the
22nd, consequently I would make any annuity for deals done today, start and
stop on the 24th, for HE 1.  I would like to observe this 2 day difference on
every annuity that we make.  So, if you need an annuity for an amount on the
23rd, make the annuity for the 25th.  Please be sure that the start and

The pickle in which PaperExchange finds itself is also being viewed, by some,
 as an indictment of Internet Capital Group.

 In September, ICG promote its interest in the company from 20 percent to 83
 percent, in rally for 4.8 million shares of ICG common breed. The hand
 came at a clock time when ForestExpress was showing signs of life sentence and when indie
 Net markets in cosmopolitan were falling into disfavor and were being all but
 ignored by most venture capitalists.

 ICG's fortunes have tumble lately because many of its b - to - b investment are
 not paying off for shareholders. Last month, the caller announced plans to
 cut costs, reduce its investing spending and refocus efforts on 15
 " developed " companies in its portfolio -- companies that have the good
 near - term shot at initial public offerings.

 PaperExchange was not named as one of those " developed " companies.

 An ICG spokeswoman defends the investment in PaperExchange, admit the
 company needs to avail in developing its business model further -- a function ICG
 is uniquely positioned to play.

 " We have accumulated a lot of cognition about b - to - b that has helped us build
 some leading b - to - b businesses, " said Michelle Strykowski. " Our investment in
 PaperExchange is an educated bet free-base on that proven experience. "

 Adam Feuerstein cover e - commerce for UpsideToday. Reach him at
 adamf@upside.com. If you would like to submit a letter to the editor program
 regarding this story, email online@upside.com Group,

 When entering a physical annuity (for example, for the sale of ST - Cali length
 in SP-15), we need to make that the annuity begin and ends for 2 day from
 nowadays, for 1 mw, for HE 1, for the appropriate dollar amount.   thus today is the
 22nd, consequently I would make any annuity for deal done today, depart and
 stop on the 24th, for HE 1.   I would like to respect this 2 day deviation on
 every annuity that we make.   then, if you need an annuity for an amount on the
 23rd, make the annuity for the 25th.   Please be sure that the start and

The pickle in which PaperExghange finds itsgld is anso bejng viewdd, by some,
as an indictment lf Inteenet Capital Group.

In Sdptember, PCG boostwd ius stake in the company fvjm 20 lcrcenc vo 83
percent, in gxchange for 4.8 million sharas oy ICG common stock. The deal
came at w time ehfn ForestExprefs wsf shkwing signs of life and when indie
Net magkets in general eere falling into disfavor and were being all buh
ignored bi mofr venture caoitalists.

IBY's fortunes have tumbled lately because mavy of its b-to-b unceshkents are
nit pajing off for shareholgers. Laxt month, the cpmpeny qnnounced plans to
cuv costs, reduce its igvestment s'ending and refocus edfirts mn 15
"geveuipea" ckm'anjes in ita portfolik -- companiew that have the besu
nqqr-term shot af inityaj public offerings.

PaperExchange was not najed as one of those "devwloped" companies.

An ICH spokeswjman defends the investment in PaperExchange, acknmwledjivg uhc
zimoany needs to help in developing its business jocek further -- a rjle ICG
is inlqigly positioned to plcg.

"Ws have accumulated a lot jf kniwledge afout b-to-b that has helped us buuld
some leabint b-to-b businesses," daid Michelue Sjrykowxki. "Our investment in
PcperExdhange is aj educates bet based on thxt irovan experience."

Adam Feuersteyn covers e-cokmerce wor OpsideTjday. Reach him at
adamf@upside.com. Iv you wmuld like ho submit a letter to the editoc
regarding tniv snory, emaij onllne@upside.com Grjup,

When enteriug a phyfical annuity (fkr exam'le, for the fale of ST-Calh length
in S'-15), we need to nake that tfd annuity starys and enbf foe 2 days from
now, fpr 1 jw, for HE 1, for cke appropriate doklaf aiolnt.  Fm today is tve
22na, cumsequdntly I wouoa male any annuity for daals done today, start snq
stop ob the 24th, for HE 1.  I wpuld like to obserge thms 2 dab diffrregce on
every annuity that we mzke.  So, iv yju need an agnuiby fjr an amouut on the
23rd, make the annuity for the 25th.  Please be sure jhat the start and

The pickle in which PaperExchange finds itself being by some, an indictment of ICG its stake in company from 20 to 83 percent, in exchange for million shares of ICG common stock. The deal came at a time when was showing signs of life and when indie Net markets in general were into and being but ignored by most venture capitalists. ICG's fortunes have tumbled lately because many of its b-to-b are not paying off for shareholders. Last month, company announced plans to costs, reduce its investment spending refocus on 15 companies its -- companies that the best near-term shot at initial public offerings. PaperExchange was not named as one of those "developed" An ICG the investment PaperExchange, the needs to help its business model further -- a uniquely positioned to play. "We have accumulated a of knowledge b-to-b that has helped us build leading b-to-b businesses," said Michelle Strykowski. "Our investment PaperExchange is an educated bet based on that proven experience." Adam Feuerstein covers e-commerce for him at adamf@upside.com. If would like to a to editor this story, online@upside.com Group, When entering a physical annuity (for example, for the of ST-Cali length in SP-15), we need to make that starts ends for 2 from now, for 1 for 1, for the appropriate So is I make annuity for deals done start and stop on the for HE 1. I 2 day difference on every annuity that we So, if you need an annuity for amount on the 23rd, make the annuity for the 25th. Please be that the

The pickle in which PaperExchAnge finds iTself Is aLso BeIng vIeweD, by some,
as an indICtmeNt of Internet Capital GroUp.

In SEpTEmbeR, iCg boosTed its sTAkE IN thE cOmPanY fROm 20 PerceNt tO 83
percenT, in exchangE foR 4.8 mIllion shares OF IcG common stOck. the deal
came aT a tIme wheN FOreSTExprEss Was shOwing sIGns of lIfe and wheN iNDie
Net MArkets iN GEnEral Were falling into diSFaVOr and were being All but
IgNOrED By mOst Venture capItAlistS.

iCG's forTUnES HAve TUmbled lately bEcause many oF Its B-to-b inVeStmENts are
Not paYiNG ofF for sharehoLderS. Last montH, the coMPany annOUnced plAns to
cUt cOstS, redUCe ItS inVeSTmeNT sPenDIng And refocUs EfForts On 15
"deVELOPed" cOmpAnieS in itS portfolio -- comPanIes tHAt hAve thE best
Near-TeRm shoT at iniTial pUbLic offerings.

PapErExChange was Not NaMed As One of THose "deVelOpeD" companIes.

An ICg SpoKeSWOMaN defends the investmEnT IN PAperExchAnge, acKNoWlEDging the
CoMpaNy neEDS to heLp in DEvEloping iTs busiNEsS mOdel furThEr -- a rolE IcG
iS unIquelY PosiTioned To play.

"We Have aCCumulated a lot oF Knowledge abouT B-tO-B ThAT has HelPed us build
sOme lEAdinG b-to-B BuSinESses," sAid MiChELlE strykowski. "Our investMeNt in
PaPerExChange is an eduCated bet baSED On that prOven EXpERience."

Adam FeueRsteiN covers e-coMMerce for upsidEToday. ReAch him at
aDAMf@upside.Com. if yOu wOulD LIkE to submit a letTER to tHe Editor
rEgaRding thIs sTorY, emAil OnLine@upsidE.com GrouP,

WHeN eNtEriNg a phYSical annUiTy (fOr ExaMple, fOR the saLe of St-CalI lEnGTh
iN SP-15), we neED tO MAke tHaT tHe anNuiTy StartS and ENds For 2 days From
now, foR 1 mw, FOr HE 1, FoR tHe approPriate dollar aMoUnt.  So today Is The
22Nd, consEQUently I wOuld make any annuity for deALs done tOdaY, starT and
Stop on the 24Th, fOr HE 1.  I wOulD Like to ObservE this 2 DaY diFFErencE ON
eVerY aNnuity that WE MakE.  So, if YoU neeD an annuIty for an amount on thE
23Rd, mAke the annuity For The 25tH.  pLeAse BE sURe tHaT The STArt and

The pickle in which PaperE xchange fi nds i tse lfis  als o be ing viewed, by some ,
as an indictment of  Inte rn e t Ca p it al Gr oup.

I nS e pte mb er , I CG bo osted  it s stake  in the co mpa ny  from 20 per c en t to 83
p erc ent, in exch ang e for4. 8 m i llion  sh aresof ICG common  stock. T he deal c ame ata ti me w hen ForestExpress wa s  showing signs  of li fe an d whe n i ndie
Netma rkets in gene r al w e ref alling into d isfavor and wer e bein gall but
i gnore db y m ost venture  cap italists.

ICG ' s fortu n es have  tumbl edlat elyb ec au sema n y o f  i tsb -to -b inves tm en ts ar e
n o t p ayin g o ff f or sh areholders. L ast  mon t h,the c ompan y an no unced  plans  to cu t costs, reduce  its  investme ntsp end in g and refocu s e ffo rts on15
"de v elo pe d " co mpanies in its por tf o l io  -- comp aniest ha th ave thebe st
nea r - termshot at  initial  publi c  o ff erings.

Paper Ex cha nge  wasn ot n amed a s one of  thos e  "developed" c o mpanies.

An IC G sp o kesw oma n defends t he i n vest ment in  Pa p erExc hange ,a ck n owledging the
comp an y need s tohelp in devel oping itsb u s iness mo delf ur t her -- a roleICG is uniquel y  positio ned t o play.

"We hav e accumula ted  alot  of k no wledge aboutb - to-b  t hat has  he lped us  bu ild
s ome  l eading b- to-b bus in es se s, " s aid M i chelle S tr yko ws ki.  "Our invest mentin Pa pe r Exc hange i s  a n educ at ed  bet  ba se d onthat pro ven exp erience."

A da mFeuerst ein covers e- co mmerce for  U psi deToda y .  Reach h im at
adamf@upside.com .  If you  wo uld l iketo submit  aletter  to the ed itor regar di ngt h is st o r y,  em ai l online@u p s ide .comGr oup,

Whenentering a physica l  an nuity (for ex amp le,f o rthe sa l e o fS T-C a l i length
in SP -15), we n ee d  t o make tha t  th eannuity  starts  ande nds for  2 days f rom
now,  f or 1 m w,for HE 1,for theappropria t e dol l ar  amou nt.   So t od ayis th e
22n d , c onseq uently  I  would  make  a ny annui ty for deals done today , star t and
s top on th e 2 4 th,  for HE 1 .  I  would lik e t o o bserv e t h is 2dayd if fer e nce o n
e v ery annui t ytha t we  make.  So, i f  yo u nee d a n  annui ty f or an amount on t h e
23rd, makethea n nui tyf or t he  25th.  Please  be  s u r e that t he  start and

The pickle_in which_PaperExchange finds itself is_also being_viewed,_by some,_
as_an indictment of_Internet Capital Group.

In_September, ICG boosted its_stake in the_company_from 20 percent to 83
percent, in exchange for 4.8 million shares of ICG_common_stock. The_deal_
came_at a time when ForestExpress_was showing signs of life_and when_indie
Net markets in general were falling into_disfavor_and were being_all but
ignored by most venture capitalists.

ICG's fortunes have_tumbled lately because many of its_b-to-b investments are_
not_paying_off for shareholders. Last_month, the company announced plans to_
cut costs, reduce its investment spending_and refocus efforts on 15
"developed" companies_in its portfolio -- companies that_have the best
near-term shot_at initial_public offerings.

PaperExchange was not named_as one of_those "developed"_companies.

An ICG spokeswoman_defends the investment in PaperExchange, acknowledging_the
company needs_to help in developing its business_model_further -- a_role_ICG_
is uniquely_positioned to play.

"We_have_accumulated a_lot_of knowledge about b-to-b that has_helped_us build
some leading b-to-b businesses," said_Michelle Strykowski. "Our investment_in_
PaperExchange is an educated_bet based on that proven_experience."

Adam Feuerstein covers e-commerce for UpsideToday._Reach him_at
adamf@upside.com._If you would like to submit a letter to the editor_
regarding this story, email online@upside.com Group,

When_entering a physical annuity_(for example,_for_the sale of_ST-Cali_length
in_SP-15), we need to make that the_annuity starts_and ends for 2 days from_
now, for 1 mw,_for_HE 1, for the appropriate dollar_amount.  So today is the_
22nd, consequently I would make_any_annuity_for deals done today, start_and
stop on the 24th, for_HE 1. _I would like to observe this 2_day_difference on
every annuity that we_make._ So, if you need an_annuity_for_an amount on the
23rd,_make the annuity for the 25th._ Please be sure that the start and


, labor and industry all review wind-park plans, individual
municipal governments are essentially free to award development licenses as
they see fit.
The crosswinds of these forces can be seen on a hilltop west of Barbate,
where Desarrollos Eolicos SA, the wind park unit of engineering firm Abengoa
SA, is busy erecting a row of windmills. More than 20 towers are already in
place, and neighbors worry the looming turbines and gouged-out access roads
will create another Tarifa. "They might be `green' and all," says Antonio
Aragon, a taxi driver who gets an eyeful every time he wheels out of town.
"But they sure do foul up the landscape something awful."
This is "third-world" development, says Jose Luis Tirado, a 47-year-old
sculptor who heads of a local group of environmentalists, businessmen and
landowners who oppose the wind park. "We've spent decades calling for
alternative energy sources," he says. "But doing it like this -- without any
sort of planning -- is worse than doing nothing at all." Equally galling, he
says, is that none of the wind-park developers active in the region have
shifted any production to local factories, despite Andalucia's jobless rate
of more than 20%.
Back in Barbate's town hall, Mayor de Jesus sits at his desk and recalls how
he invoked building-permit irregularities to stop work on the wind park
earlier this year. A few months later, though, a local judge overruled him,
arguing that Abengoa stood to lose its investment and that Barbate would have
had to reimburse the company for the cost of the whole project. Construction
has begun again. Abengoa declines to comment.
Now, Mr. de Jesus leafs through a dossier of proposed economic initiatives
for his town, then sets it aside with a sigh. His legal battle to halt
construction looks hopeless, as does his chance of winning a new accord that
will allow local fishermen to cast their nets in Moroccan waters.
Unemployment and drugs are slowly killing his town, he says.
"Those turbines are being built -- there's nothing

, labor and industry all review wind - park plan, individual
 municipal government are essentially free to award development license as
 they see fit.
 The crosswinds of these military unit can be seen on a hilltop west of Barbate,
 where Desarrollos Eolicos SA, the wind ballpark unit of engineering firm Abengoa
 SA, is interfering erecting a row of windmills. More than 20 towers are already in
 plaza, and neighbors worry the looming turbines and gouged - out entree roads
 will create another Tarifa. " They might be 'green' and all, " allege Antonio
 Aragon, a taxi driver who gets an eyeful every clock time he wheels out of township.
 " But they sure do clog up the landscape something awful. "
 This is " third - world " development, allege Jose Luis Tirado, a 47 - year - old
 sculptor who heads of a local group of environmentalists, businessmen and
 landowner who fight the wind park. " We've spent decades calling for
 alternative energy sources, " he says. " But act it like this -- without any
 sort of planning -- is worse than do nothing at wholly. " evenly galling, he
 says, is that none of the wind - park developers active in the region have
 shifted any production to local factory, despite Andalucia's jobless rate
 of more than 20% .
 Back in Barbate's town hall, Mayor de Jesus sits at his desk and recalls how
 he invoked building - permit irregularities to stop work on the fart park
 sooner this year. A few months later, though, a local judge overruled him,
 argue that Abengoa stood to lose its investment and that Barbate would have
 take to recoup the company for the cost of the whole project. Construction
 has begin again. Abengoa worsen to comment.
 nowadays, Mr. de Jesus leafs through a dossier of propose economic initiatives
 for his township, then sets it aside with a sigh. His legal battle to stem
 structure looks hopeless, as does his chance of acquire a new accord that
 will allow local fishermen to cast their internet in Moroccan waters.
 Unemployment and drugs are lento killing his town, he says.
 " Those turbines are being built -- there's nothing

, lahor and industry all revlew wind-park plauw, inditidual
junicipau governments are essentiallb frwe to award development licdnses as
nhey see dit.
Uhe crosswinds of these forces dwn bz ween on a hilljop west of Tarbate,
where Geraxrollos Eolicos SA, the wind park unie of enbijeering firm Afengpw
SA, ps busy erecting a row of windmjlls. Moge than 20 towers ate already in
place, and nelghblrs worry the loomlng turbinew anq gouged-out azcess roads
will creatg another Tarifa. "They might be `gfeen' cnd all," sayw Qntltio
Aragon, e taxi driver who nvts an ayeful rvery time he ehexls iut of town.
"But they vure do foul up thg landscapa aomething awful."
Tyiw is "jhird-forla" dexelkpkeht, sayd Jkse Luis Tjrado, a 47-yeae-old
sculptor who htadf of a local gdoup os qnvironmentalists, businessmen and
landofneds who oppose the wind park. "We've spent decadgs calling for
alternative energy sources," he says. "But doing it lmkd tklf -- wlthout any
sort of planning -- is worse than doyhg npthing at all." Cqually galling, he
swyx, is that none of thz wjnd-park developers active in tye region havr
shifted any production to local factogies, despite Andalucia'd jobless rcte
of more than 20%.
Back in Barbate's towh hall, Mayog de Jesua sits at his desy akd secalls how
he invoked buijding-permmt irxegularigies to stjp work on the wind park
earlier tjis ygar. A xew months later, though, a local judge ovecculed him,
argoinc tvat Abenyoa stpod to lose ies investment cnd that Barbxte would gave
hav to reimburfe the companf for the cosv of the rholw priject. Cuvstruction
has begun agcnn. Abengoq declines to commcnt.
Nus, Mr. de Jesus lzcfw through a dosxief os iro'osed aconomic inidiatkver
for fis town, thcn rets it aside with a sigv. Hia legal battle to najt
consttuction ljoks hopeless, as does his chanct of wmnning a nee ascord that
will allow local fiahermen tl cwst their nees ik Motoccan watexs.
Unemployment and drugs are slowly kiloing his town, he sqys.
"Those turbines crt being built -- thewe's nothitg

, labor and industry all review wind-park municipal are essentially to award development The of these forces be seen on hilltop west of Barbate, where Desarrollos SA, the wind park unit of engineering firm Abengoa SA, is busy erecting row of windmills. More than 20 towers are already in place, and neighbors the turbines gouged-out roads will create another Tarifa. "They might be `green' and all," says Antonio Aragon, a taxi who gets an eyeful every time he wheels of town. "But they do foul up the landscape awful." is "third-world" says Luis a 47-year-old sculptor heads of a local group of environmentalists, businessmen and landowners who oppose the wind park. "We've spent calling for sources," he "But it this -- without of planning -- is worse than all." Equally galling, he says, is that none the wind-park active in the region have shifted production to local factories, despite Andalucia's jobless rate more than 20%. Back in Barbate's town hall, Mayor de Jesus sits at his desk how he invoked building-permit to stop work the park this A few later, though, a local judge overruled him, arguing that Abengoa stood lose its investment and that Barbate would have had to company the cost of whole project. Construction has again. declines to comment. Now, Jesus through proposed initiatives his town, then sets aside with a sigh. His battle to halt construction chance of winning a new accord that will local fishermen to cast their nets in waters. Unemployment and drugs are slowly killing his town, he says. "Those are being there's nothing

, labor and industry all review Wind-park plAns, inDivIduAl
MuniCipaL governments arE EsseNtially free to award deveLopmeNt LIcenSEs As
theY see fit.
tHe CROssWiNdS of ThESe ForceS caN be seen On a hilltop WesT oF Barbate,
wherE deSarrollos EOliCos SA, the wind ParK unit oF eNgiNEerinG fiRm AbeNgoa
SA, IS busy eRecting a rOw OF windmILls. More THAn 20 ToweRs are already in
plaCE, aND neighbors worrY the loOmINg TURbiNes And gouged-oUt AccesS Roads
wiLL cREATe aNOther Tarifa. "ThEy might be `grEEn' aNd all," sAyS AnTOnio
ArAgon, a TaXI drIver who gets An eyEful every Time he WHeels ouT Of town.
"BUt they SurE do Foul UP tHe LanDsCApe SOmEthINg aWful."
This Is "ThIrd-woRld" dEVELOpmeNt, sAys JOse LuIs Tirado, a 47-year-Old
SculPTor Who heAds of A locAl Group Of enviRonmeNtAlists, businessmEn anD
landowneRs wHo OppOsE the wINd park. "we'vE spEnt decaDes callINg fOr
ALTErNative energy sourceS," hE SAyS. "But doinG it likE ThIs -- WIthout anY
sOrt Of plANNing -- iS worSE tHan doing NothinG At AlL." EquallY gAlling, He
SayS, is That nONe of The winD-park devElopeRS active in the reGIon have
shifteD AnY PRoDUctiOn tO local factoRies, DEspiTe AnDAlUciA'S joblEss raTe
OF mORe than 20%.
Back in Barbate'S tOwn halL, MayoR de Jesus sits aT his desk anD RECalls how
He inVOkED building-permiT irreGularities TO stop worK on thE wind parK
earlier tHIS year. A feW moNthS laTer, THOuGh, a local judge OVErruLeD him,
argUinG that AbEngOa sTooD to LoSe its inveStment anD tHaT BArBatE woulD Have
had tO rEimBuRse The coMPany foR the cOst oF tHe WHolE projecT. coNSTrucTiOn
Has bEguN aGain. ABengOA deClines tO comment.
NOw, MR. De JeSuS lEafs thrOugh a dossier oF pRoposed ecoNoMic InitiaTIVes
for hiS town, then sets it aside witH A sigh. HiS leGal baTtle To halt
conStrUction LooKS hopelEss, as dOes hiS cHanCE Of winNINg A neW aCcord that
wILL alLow loCaL fisHermen tO cast their nets in MoROccAn waters.
UnempLoyMent AND dRugS ArE SloWlY KilLINg his town, he says.
"those turbiNeS ArE being builT -- TheRe'S nothinG

, labor and industry all r eview wind -park  pl ans ,indi vidu al
municipalg over nments are essentially  free  t o  awa r ddevel opmentl ic e n ses  a s
th ey se e fit . The cro sswinds of  th es e forces can be  seen on a  hi lltop west o f B arbate ,
wh e re De sar rollo s Eoli c os SA,  the wind  p a rk uni t  of eng i n ee ring  firm Abengoa
SA ,  i s  busy erecting  a row  o f  w i n dmi lls . More tha n20 to w ers are al r e a dyi n
place, and  neighborsw orr y thelo omi n g turb inesan d  go uged-out ac cess  roads
w ill cr e ate ano t her Tar ifa. " The y m ight be  ` gre en '  an d  a ll, "  sa ys Anton io  Arago n, a t a x i dr ive r wh o get s an eyeful e ver y ti m e h e whe els o ut o ftown.
"But  they  s ure do foul upthelandscape  so me thi ng  awfu l ."
Th isis"third- world"d eve lo p m e nt , says Jose Luis T ir a d o,  a 47-ye ar-old
s cu l ptor who  h ead s of a  loca l gr o up  of envi ronmen t al is ts, bus in essmen  a nd
la ndown e rs w ho opp ose thewindp ark. "We've sp e nt decades ca l li n g  f o r
a lte rnative ene rgys ourc es," he  sa y s. "B ut do in g  i t  like this -- witho ut  any sortof planning - - is worse t h an doing  not h in g  at all." Equa lly g alling, he
says, i s tha t none o f the win d - park dev elo per s a cti v e  i n the regionh a ve sh ifted a nyproduct ion  to  lo cal  f actories,  despite  A nd al uc ia' s job l ess rate  ofmo rethan2 0%.
B ack i n Ba rb at e 'stown ha l l, M ayor  d eJesu s s it s athisd esk  and re calls how
h e  inv ok ed  buildi ng-permit irr eg ularitiesto  st op wor k on the w ind park
earlier thisy ear. Afew  mont hs l ater, tho ugh , a lo cal judgeoverru led h im , a r guing t ha t A be ngoa stood t o l ose i ts  inv estment  and that Barbatew oul d have
had t o r eimb u r se  th e  c o mpa ny for t he cost of thewhole proj ec t .Constructi o n ha s begun  again.  Aben g oa decl ines to c omment. No w, M r .  de  Jesus lea fs throu gh a doss i er of pr opose d e conomi cini tiati ves
f o r h is to wn, th en  setsit as id e with a  sigh. His legal battle  to ha lt
c ons tructionloo k s h opeless,as d oes his ch anc e o f win nin g  a ne w ac c or d t h at
w illa llow loca l  f ish e r me n to cast t h e i r n ets i n M o roccan  wat ers.
Unemploymen t  and drugs are  slo w l y k ill i ng h is  town, he says . "T h o se turbi ne s are being  built - -t here' s noth ing

, labor_and industry_all review wind-park plans,_individual
municipal_governments_are essentially_free_to award development_licenses as
they_see fit.
The crosswinds_of these forces_can_be seen on a hilltop west of Barbate,
where Desarrollos Eolicos SA, the wind_park_unit of_engineering_firm_Abengoa
SA, is busy erecting_a row of windmills. More_than 20_towers are already in
place, and neighbors worry_the_looming turbines and_gouged-out access roads
will create another Tarifa. "They might_be `green' and all," says Antonio_
Aragon, a taxi_driver_who_gets an eyeful every_time he wheels out of town._
"But they sure do foul up_the landscape something awful."
This is "third-world"_development, says Jose Luis Tirado, a_47-year-old
sculptor who heads of_a local_group of environmentalists, businessmen and_
landowners who oppose_the wind_park. "We've spent_decades calling for
alternative energy sources,"_he says. "But_doing it like this -- without_any_
sort of planning_--_is_worse than_doing nothing at_all."_Equally galling,_he_
says, is that none of the_wind-park_developers active in the region have
shifted_any production to local_factories,_despite Andalucia's jobless rate_
of more than 20%.
Back_in Barbate's town hall, Mayor de_Jesus sits_at his_desk and recalls how
he invoked building-permit irregularities to stop work_on the wind park
earlier this_year. A few months_later, though,_a_local judge overruled_him,_
arguing that_Abengoa stood to lose its investment and_that Barbate_would have
had to reimburse the_company for the cost_of_the whole project. Construction
has begun_again. Abengoa declines to comment.
Now,_Mr. de Jesus leafs through_a_dossier_of proposed economic initiatives
for_his town, then sets it aside_with a sigh._His legal battle to halt
construction looks_hopeless,_as does his chance of winning_a_new accord that
will allow local_fishermen_to_cast their nets in Moroccan_waters.
Unemployment and drugs are slowly_killing his town, he says.
"Those turbines are being_built -- there's_nothing


kezie today, just one day after the team acquired him
from the Washington Wizards. He likely won't have any Fantasy value anywhere
he ends up this season, as he's averaging just 1.2 points and 1.4 rebounds in
10 games thus far.

 Jermaine O'Neal, F IND - Farragut Academy Updated 11/29/00
 O'Neal was held out of the starting lineup because he was late for a team
plane Monday.  He had started his team's first 12 games.  He still managed to
post another double-double, scoring 17 points and grabbing 11 rebounds.
O'Neal should be back in the starting lineup for Thursday's game at Golden
State.

 Jason Collier, F HOU - Free Agent Updated 11/29/00
 Collier had arthroscopic surgery on his right knee Tuesday and will be out
4-to-6 weeks.  With reserves Collier and Kelvin Cato injured, the Rockets
will now have to search for a backup for C Hakeem Olajuwon.

 Arvydas Sabonis, C POR - Free Agent Updated 11/29/00
 Sabonis re-injured his left knee when he stepped on teammate Scottie
Pippen's foot in the first quarter against Seattle on Tuesday night.  The
extent of his latest injury is not known yet and Sabonis is listed as
day-to-day.  He missed the first eight games of the season after arthroscopic
surgery on the knee revealed torn cartilage.   Dale Davis will replace
Sabonis in the starting lineup if he is unable to play.

 Tyrone Nesby, F LAC - Free Agent Updated 11/29/00
 The Washington Wizards acquired Nesby from the Los Angeles Clippers Tuesday
for forwards Cherokee Parks and Obinna Ekezie, both of whom came to the
Wizards in an August 22 deal for center Isaac Austin. Nesby, who was third on
the Clippers in scoring at 7.7 ppg, should immediately assume the small
forward position for Washington.

 Matt Geiger, C PHI - Denvers Nuggets Updated 11/28/00
 Geiger has been diagnosed with developing tendinitis in his right thigh,

kezie today, just one day after the team acquired him
 from the Washington Wizards. He likely won't get any Fantasy value anywhere
 he end up this season, as he's averaging just 1.2 points and 1.4 rebound in
 10 games thus far.

  Jermaine O'Neal, F IND - Farragut Academy update 11/29/00
  O'Neal was held out of the starting batting order because he was belated for a team
 plane Monday.   He had begin his team's first 12 games.   He even wield to
 post another double - double, scoring 17 points and catch 11 rebounds.
 O'Neal should be back in the starting lineup for Thursday's game at Golden
 State.

  Jason Collier, F HOU - Free Agent update 11/29/00
  Collier had arthroscopic surgery on his right stifle Tuesday and will be out
 4 - to-6 workweek.   With reserves Collier and Kelvin Cato injured, the Rockets
 will now own to search for a backup for C Hakeem Olajuwon.

  Arvydas Sabonis, C POR - Free Agent Updated 11/29/00
  Sabonis re - injured his left stifle when he pace on teammate Scottie
 Pippen's foot in the first quarter against Seattle on Tuesday night.   The
 extent of his latest injury is not known yet and Sabonis is listed as
 sidereal day - to - sidereal day.   He missed the first eight games of the season after arthroscopic
 operating room on the knee revealed torn cartilage.    Dale Davis will supplant
 Sabonis in the starting lineup if he is unable to play.

  Tyrone Nesby, F LAC - Free Agent update 11/29/00
  The Washington Wizards acquired Nesby from the Los Angeles Clippers Tuesday
 for forwards Cherokee Parks and Obinna Ekezie, both of whom came to the
 Wizards in an August 22 deal for center Isaac Austin. Nesby, who was third on
 the Clippers in scoring at 7.7 ppg, should immediately simulate the small
 forward position for Washington.

  Matt Geiger, C PHI - Denvers Nuggets Updated 11/28/00
  Geiger has been diagnosed with develop tendinitis in his right second joint,

kezle today, just one day afuer the team acquneed hik
from the Wasfington Wizards. He likely woi't hqve aby Fantasy value anywhdre
he enfs up thus stason, as he's averefing just 1.2 pojkts aud 1.4 rebounds in
10 games thuv far.

 Jermaite O'Ueal, F IND - Farragut Academy Updated 11/29/00
 O'Neak aas held out os tht seartjng lineup because he was late for a team
plane Monday.  He had started his team's firdt 12 games.  He stilp managed ti
pofr another dojble-double, scoring 17 pojnts and grabbing 11 rebounds.
O'Ndal skould be baxk in jhe starting linelp for Thursday's game at Golcen
State.

 Mason Coolier, F HOU - Free Ageit Updated 11/29/00
 Collier had arthsoacopic surgery on hus richt nnee Ruerdag end will he kut
4-to-6 weeis.  With rewerves Collier and Lejnon Cato injuded, thq Wockets
will now have to search for a bdckhp for C Hakeem Olajuwob.

 Arvydas Sabonis, C POR - Fwee Agent Updated 11/29/00
 Sabonis re-injured his left knae whxn he sbeppde ln teammate Scottie
Pippen's foot in the first susrner against Seattje on Tuesdsy nodht.  The
extevt of kjs latest injury is jot knorn yer and Sabjnis is listed as
day-to-day.  He nissed the fprst eight games of thz season aftzr artnroscppic
surgery on the knez revezled torn cwrtilage.   Dale Davis will reilaca
Sabonis in the starting jineup if he ns unabld to play.

 Tyronf Nesnf, F LAC - Free Agenh Updcted 11/29/00
 The Washlngton Wizards acquired Nesby fcpm the Los Amgalev Clippexs Tuexday
for forwwrds Cherokee Karks and Obinva Ekezie, goth of whom came eo the
Wizardv in an Augusv 22 deal fjr cwntee Isaac Xustin. Nesby, wno was thprb on
the Xlippers in scorinn at 7.7 lpg, should immebnaueoy assume the xmaul
sogwacd pofhtion for Wavhinetov.

 Magt Geigtx, C OHI - Denvers Nuggets Upddted 11/28/00
 Geiger has been dlagnosed qith devqloping tendimitis in his right thigi,

kezie today, just one day after the him the Washington He likely won't he up this season, he's averaging just points and 1.4 rebounds in 10 thus far. Jermaine O'Neal, F IND - Farragut Academy Updated 11/29/00 O'Neal was out of the starting lineup because he was late for a team plane He started team's 12 games. He still managed to post another double-double, scoring 17 points and grabbing 11 rebounds. should be back in the starting lineup for game at Golden State. Collier, F HOU - Free Updated Collier had surgery his knee Tuesday and be out 4-to-6 weeks. With reserves Collier and Kelvin Cato injured, the Rockets will now have to for a C Hakeem Arvydas C - Free Agent Sabonis re-injured his left knee when teammate Scottie Pippen's foot in the first quarter Seattle on night. The extent of his latest is not known yet and Sabonis is listed day-to-day. He missed the first eight games of the season after arthroscopic surgery on the torn cartilage. Dale Davis replace Sabonis in starting if is to play. Nesby, F LAC - Free Agent Updated 11/29/00 The Washington Wizards Nesby from the Los Angeles Clippers Tuesday for forwards Cherokee Obinna both of whom to the Wizards in August deal for center Isaac who third in at ppg, should immediately assume small forward position for Washington. Geiger, C PHI - has been diagnosed with developing tendinitis in his thigh,

kezie today, just one day after The team acqUired Him
FroM tHe WaShinGton Wizards. He lIKely Won't have any Fantasy valuE anywHeRE
he eNDs Up thiS season, AS hE'S AveRaGiNg jUsT 1.2 PoInts aNd 1.4 rEbounds In
10 games thuS faR.

 JErmaine O'Neal, f iNd - Farragut ACadEmy Updated 11/29/00
 O'NEal Was helD oUt oF The stArtIng liNeup beCAuse he Was late foR a TEam
plaNE Monday.  hE HaD staRted his team's first 12 GAmES.  He still manageD to
posT aNOtHER doUblE-double, scoRiNg 17 poiNTs and grABbING 11 RebOUnds.
O'Neal shouLd be back in tHE stArting LiNeuP For ThuRsday'S gAMe aT Golden
StatE.

 JasOn Collier, f HOU - FrEE Agent UPDated 11/29/00
 CoLlier hAd aRthRoscOPiC sUrgErY On hIS rIghT KneE Tuesday AnD wIll be Out
4-tO-6 WEEKs.  WiTh rEserVes CoLlier and KelviN CaTo inJUreD, the ROcketS
wilL nOw havE to seaRch foR a Backup for C HakeeM OlaJuwon.

 ArvyDas saBonIs, c POR - FREe AgenT UpDatEd 11/29/00
 SabonIs re-injURed HiS LEFt Knee when he stepped oN tEAMmAte ScottIe
PippEN's FoOT in the fiRsT quArteR AGainsT SeaTTlE on TuesdAy nighT.  thE
eXtent of HiS latesT iNjuRy iS not kNOwn yEt and SAbonis is ListeD As
day-to-day.  He miSSed the first eiGHt GAMeS Of thE seAson after arThroSCopiC
surGErY on THe kneE reveAlED tORn cartilage.   Dale DaviS wIll repLace
SAbonis in the stArting lineUP IF he is unaBle tO PlAY.

 Tyrone Nesby, F LaC - FreE Agent UpdaTEd 11/29/00
 The WasHingtOn WizardS acquired nESby from tHe LOs ANgeLes cLIpPers Tuesday
foR FOrwaRdS CherokEe PArks and obiNna ekeZie, BoTh of whom cAme to the
wiZaRdS iN an augusT 22 Deal for cEnTer isAac austiN. nesby, wHo was ThirD oN
tHE ClIppers iN ScORIng aT 7.7 pPg, ShouLd iMmEdiatEly aSSumE the smaLl
forward PosITion FoR WAshingtOn.

 Matt Geiger, C pHi - Denvers NuGgEts updateD 11/28/00
 gEiger has Been diagnosed with develoPIng tendIniTis in His rIght thigh,

kezie today, just one dayafter theteamacq uir ed  him
fr om the Washing t on W izards. He likely won' t hav ea ny F a nt asy v alue an y wh e r e he  e nds  u p  t his s eas on, ashe's avera gin gjust 1.2 poi n ts  and 1.4 r ebo unds in
10gam es thu sfar .

Jer maine  O'Nea l , F IN D - Farra gu t  Acade m y Updat e d  1 1/29 /00
 O'Neal wash el d  out of the st arting  l i ne u p  be cau se he wasla te fo r  a team
p l a n e M o nday.  He had  started hi s  te am's f ir st1 2 game s.  H es til l managed t o
p ost anoth er dou b le-doub l e, scor ing 17  po int s an d  g ra bbi ng 11r eb oun d s.
O'Neal  s ho uld b e ba c k i n th e s tart ing l ineup for Thu rsd ay's gam e atGolde n
S ta te.

 J asonCo llier, F HOU -Free  Agent Up dat ed  11 /2 9/00 Colli erhad  arthro scopics urg er y o nhis right knee Tue sd a y  a nd willbe out
4 -t o -6 weeks . Wi th r e s erves  Col l ie r and Ke lvin C a to  i njured,  t he Roc ke ts
wi ll no w  hav e to s earch fo r a b a ckup for C Hak e em Olajuwon.  A r vyda s S abonis, C P OR - Free  Age n tUpd a ted 1 1/29/ 00
S abonis re-injured h is  leftkneewhen he stepp ed on team m a t e Scotti e
P i pp e n's foot in th e fir st quarter againstSeatt le on Tu esday nig h t .  The ext ent  of  hi s la test injury i s notkn own yet  an d Sabon isislis ted  a s
day-to -day.  H emi ss ed  th e fir s t eightga mes  o f t he se a son af ter a rthr os co p ic
surger y  o n thekn ee  rev eal ed  torn  car t ila ge.   D ale Davis  wi l l re pl ac e
Sabo nis in the st ar ting lineu pifhe isu n able toplay.

 Tyrone Nes b y, F LA C -  Free  Age nt Update d 1 1/29/0 0 The Wa shingt on Wi za rds a cquir e d  N esb yfrom the L o s  An geles  C lipp ers Tue sday
for forwards Che rokee Parks a ndObin n a  E kez i e, bot ho f w h o m came to the Wizards in  a n  A ugust 22 d e alfo r cente r Isaac  Aust i n. Nesb y, who wa s third o n
the C lip pers in sc oring at  7.7 ppg, shoul d  i mmedi ate ly ass um e t he sm all
f o rwa rd po sition  f or Was hingt on .

 Ma tt Geiger, C PHI - Denv ers Nu ggets  Up dated 11/ 28/ 0 0  Geiger h as b een diagno sed  wi th de vel o pingtend i ni tis in hi s ri g ht thigh,

kezie today,_just one_day after the team_acquired him_
from_the Washington_Wizards._He likely won't_have any Fantasy_value anywhere
he ends_up this season,_as_he's averaging just 1.2 points and 1.4 rebounds in
10 games thus far. _

_Jermaine O'Neal,_F_IND_- Farragut Academy Updated 11/29/00_
 O'Neal was held out_of the_starting lineup because he was late for a_team_
plane Monday. _He had started his team's first 12 games. _He still managed to
post another_double-double, scoring 17_points_and_grabbing 11 rebounds. _
O'Neal should be back in the_starting lineup for Thursday's game at_Golden
State.

 Jason_Collier, F HOU - Free Agent_Updated 11/29/00
 Collier had_arthroscopic surgery_on his right knee Tuesday_and will be_out
4-to-6_weeks.  With_reserves Collier and Kelvin Cato injured,_the Rockets
will_now have to search for a_backup_for C Hakeem_Olajuwon.__ _

 Arvydas Sabonis,_C_POR -_Free_Agent Updated 11/29/00
 Sabonis re-injured_his_left knee when he stepped on teammate_Scottie
Pippen's foot in_the_first quarter against Seattle_on Tuesday night.  The_
extent of his latest injury is_not known_yet and_Sabonis is listed as
day-to-day.  He missed the first eight_games of the season after arthroscopic_
surgery on the knee_revealed torn_cartilage._  Dale_Davis_will replace_
Sabonis in the starting lineup if he_is unable_to play.    _

 Tyrone Nesby, F_LAC_- Free Agent Updated 11/29/00
_The Washington Wizards acquired Nesby from_the Los Angeles Clippers Tuesday_
for_forwards_Cherokee Parks and Obinna Ekezie,_both of whom came to the_
Wizards in an_August 22 deal for center Isaac Austin._Nesby,_who was third on
the Clippers_in_scoring at 7.7 ppg, should immediately_assume_the_small
forward position for Washington._

 Matt Geiger, C PHI_- Denvers Nuggets Updated 11/28/00
 Geiger has been_diagnosed with developing_tendinitis in his right thigh,_


com

	Cheryl Nelson@ENRON
	Sent by: Cheryl Nelson@ENRON
	05/21/2001 10:36 AM

		 To: Sara Shackleton/HOU/ECT@ECT
		 cc: Stephanie Panus/NA/Enron@Enron, Tom Doukas/Enron@EnronXGate
		 Subject: Re: Enron Corp./Enron Credit Inc. ("ECI") guaranty amendment
(increase from USD25 Million to USD100 Million) in favor of Bear, Stearns, et
al

Sara:

I will forward the documents to you.

For future reference, if anyone is looking for a file for an urgent matter
while I am out, she should convey that fact to me by either (1) leaving a
voice mail - as I checked my voicemails on Friday (that is how I was able to
speak with Tom from New York on Friday) or (2) advise Keegan and she will
contact me immediately by cell phone as she did regarding other matters on
Friday.

Cheryl Nelson
Senior Counsel
EB3816
(713) 345-4693
http://gss.enron.com/

	Sara Shackleton@ECT
	05/15/2001 03:45 PM

		 To: Cheryl Nelson/NA/Enron@Enron
		 cc: Tom Doukas/Enron@EnronXGate, Stephanie Panus/NA/Enron@Enron
		 Subject: Enron Corp./Enron Credit Inc. ("ECI") guaranty amendment (increase
from USD25 Million to USD100 Million) in favor of Bear, Stearns, et al

Cheryl:

I spoke with Clem and he is preparing the amendment for immediate execution
as the signers will be at an offsite tomorrow.  I'll let Tom know as soon as
the amendment has been executed.  Anna Meytina is on vacation so I left a
message with Sharon Chernick.

In order to complete our files with respect to the Enron North America Inc.
("ENA") Securities Loan Agreement, please provide me with copies of the
following documents:

(1)  assignment of the Securities Loan Agreement from ENA to ECI (or was a
separate agreement with ECI executed?)

(2) termination of the prior Enron

com

	 Cheryl Nelson@ENRON
	 Sent by: Cheryl Nelson@ENRON
	 05/21/2001 10:36 AM

		  To: Sara Shackleton / HOU / ECT@ECT
		  cc: Stephanie Panus / NA / Enron@Enron, Tom Doukas / Enron@EnronXGate
		  Subject: Re: Enron Corp./Enron Credit Inc. (" ECI ") guaranty amendment
 (increase from USD25 Million to USD100 Million) in party favor of Bear, Stearns, et
 al

 Sara:

 I will forward the document to you.

 For future reference, if anyone is looking for a file for an pressing matter
 while I am away, she should convey that fact to me by either (1) leaving a
 articulation mail - as I checked my voice mail on Friday (that is how I was able to
 address with Tom from New York on Friday) or (2) advise Keegan and she will
 touch me immediately by cell phone as she did regard early matters on
 Friday.

 Cheryl Nelson
 Senior Counsel
 EB3816
 (713) 345 - 4693
 http://gss.enron.com/

	 Sara Shackleton@ECT
	 05/15/2001 03:45 PM

		  To: Cheryl Nelson / NA / Enron@Enron
		  cc: Tom Doukas / Enron@EnronXGate, Stephanie Panus / NA / Enron@Enron
		  national: Enron Corp./Enron Credit Inc. (" ECI ") guaranty amendment (increase
 from USD25 Million to USD100 Million) in favor of Bear, Stearns, et al

 Cheryl:

 I spoke with Clem and he is fix the amendment for immediate execution
 as the signers will be at an offsite tomorrow.   I'll lease Tom know as soon as
 the amendment has been executed.   Anna Meytina is on vacation thus I left a
 message with Sharon Chernick.

 In order to complete our files with respect to the Enron North America Inc.
 (" ENA ") Securities Loan Agreement, please leave me with copies of the
 following documents:

 (1)   assignment of the Securities Loan Agreement from ENA to ECI (or was a
 separate agreement with ECI executed ?)

 (2) termination of the prior Enron

com

	Fheryl Nelson@ENRON
	Sent bn: Cheryl Nelson@EUEON
	05/21/2001 10:36 AK

		 To: Szra Shacyleton/HOU/ECT@ECT
		 cc: Stephanie Pqnus/NQ/Enron@Enron, Tom Doukas/Dnron@EnrojXGate
		 Sybjert: Re: Enron Corp./Xhron Crcbit Ihg. ("ECI") juaranty amendmgnt
(increase from USD25 Millhov co USD100 Million) in favor of Bear, Steawns, et
sl

Dara:

I will fotward ehe socuments to you.

For future refersnce, if anyone is lopking for a file for an urhent matter
while I am out, she shiuld xonvey that wact to me by either (1) meaving a
voice mail - as I checyed mv voicemailw in Vtiday (that iw how I was able bp
spean with Yom from New Yprk on Friday) or (2) advise Kexgan and she will
cogtact me hmjediately by cell pyone ds sve dke rdgaddmng other mavters on
Frjday.

Cheryl Belson
Senior Counsek
EF3816
(713) 345-4693
http://gss.enron.dom/

	Sarw Fhackleton@ECT
	05/15/2001 03:45 PM

		 To: Cheryl Nelson/NA/Engon@Ehron
		 cc: Tom Doukas/Enron@WnronXGate, Stephanie Kanus/NA/Enrjn@Enron
		 Subject: Enron Corp./Enron Credit Inc. ("ECI") gudrantb xmeuement (unfrease
from USD25 Million to USD100 Million) in favjd pf Bear, Stearns, ct al

Cheryl:

I spoke wltn Clem and he ks pre'zrjng the amendment vor immgdiate executiog
as the signers will be at an iffsite tomogrow.  I'll let Tom know as soon as
the amencment has been executed.  Anha Meytina ls on vaczgion so I left a
mexsdge with Sharon Chernick.

In order to com'lete ouf fikes wieh respect to tma Enron North Amerlca Iuc.
("END") Securitifs Loan Agreement, please providx me with copoev ox the
fojlowikg documents:

(1)  afsignment of tke Securnties Uoan Agreejent frmm ENA to ESI (or was a
sakarate agreemxnt with QCI wxecyted?)

(2) tefoination of thr prior Euxon

com Cheryl Nelson@ENRON Sent by: Cheryl Nelson@ENRON AM Sara Shackleton/HOU/ECT@ECT Stephanie Panus/NA/Enron@Enron, Tom Credit ("ECI") guaranty amendment from USD25 Million USD100 Million) in favor of Bear, et al Sara: I will forward the documents to you. For future reference, anyone is looking for a file for an urgent matter while I am she convey fact me by either (1) leaving a voice mail - as I checked my voicemails on Friday is how I was able to speak with from New York on or (2) advise Keegan and will me immediately cell as did regarding other on Friday. Cheryl Nelson Senior Counsel EB3816 (713) 345-4693 http://gss.enron.com/ Sara Shackleton@ECT 05/15/2001 03:45 PM To: Cheryl cc: Tom Panus/NA/Enron@Enron Subject: Corp./Enron Inc. guaranty amendment (increase Million to USD100 Million) in favor et al Cheryl: I spoke with Clem and is preparing amendment for immediate execution as the will be at an offsite tomorrow. I'll let know as soon as the amendment has been executed. Anna Meytina is on vacation so a message with Sharon In order to our with to Enron North Inc. ("ENA") Securities Loan Agreement, please provide me with copies of following documents: (1) assignment of the Securities Loan Agreement from ECI was a separate with ECI executed?) (2) of prior Enron

com

	Cheryl Nelson@ENRON
	Sent bY: Cheryl NelSon@ENrON
	05/21/2001 10:36 aM

		 TO: SAra SHackLeton/HOU/ECT@ECT
		 CC: StePhanie Panus/NA/Enron@EnroN, Tom DOuKAs/EnROn@enronxGate
		 SuBJeCT: re: ENrOn corP./ENRoN CredIt INc. ("ECI") guAranty amenDmeNt
(Increase from usD25 million to UsD100 MIllion) in favoR of bear, StEaRns, ET
al

SaRa:

I Will fOrward THe docuMents to yoU.

FOR futurE ReferenCE, If AnyoNe is looking for a fiLE fOR an urgent matteR
while i aM OuT, SHe sHouLd convey thAt Fact tO Me by eitHEr (1) LEAVinG A
voice mail - as I Checked my voICemAils on frIdaY (That is How I wAs ABle To
speak with tom fRom New YorK on FriDAy) or (2) advISe KeegaN and shE wiLl
cOntaCT mE iMmeDiATelY By CelL PhoNe as she dId ReGardiNg otHER MAtteRs oN
FriDay.

ChEryl Nelson
SenIor counSEl
Eb3816
(713) 345-4693
http://Gss.enRon.cOm/

	sara SHackleTon@ECt
	05/15/2001 03:45 Pm

		 To: Cheryl Nelson/nA/EnRon@Enron
		 cC: ToM DOukAs/enron@eNronXGAte, stePhanie PAnus/NA/ENRon@enRON
		 suBject: Enron Corp./EnroN CREDiT Inc. ("ECI") gUarantY AmEnDMent (incrEaSe
fRom Usd25 milliOn to usD100 million) iN favor OF BEaR, StearnS, eT al

CheRyL:

I sPokE with cLem aNd he is PreparinG the aMEndment for immeDIate execution
AS tHE SiGNers WilL be at an offsIte tOMorrOw.  I'lL LeT ToM Know aS soon As
THe AMendment has been execUtEd.  Anna meytiNa is on vacatioN so I left a
mESSAge with SHaroN chERnick.

In order to ComplEte our fileS With respEct to The Enron north AmerICA Inc.
("ENA") SEcuRitIes loaN aGrEement, please pROVide Me With copIes Of the
foLloWinG doCumEnTs:

(1)  assignmEnt of the seCuRiTiEs LOan AgREement frOm eNA To eCI (Or was A
SeparaTe agrEemeNt WiTH ECi executED?)

(2) tERMinaTiOn Of thE prIoR EnroN

com

	Cheryl Nelson@ENRO N
	Sent by : Che ryl  Ne ls on@E NRON
	05/21/2001 1 0 :36AM

		 To: Sara Shac kleto n/ H OU/E C T@ ECT
	 cc: S t ep h a nie  P an us/ NA / En ron@E nro n, TomDoukas/Enr on@ En ronXGate
		S ub ject: Re:Enr on Corp./Enr onCredit  I nc. ("ECI ")guara nty am e ndment
(increa se from U S D25 Mil l i on  toUSD100 Million) i n  f a vor of Bear, S tearns ,e ta l
Sar a:

I wil lforwa r d the d o cu m e n tst o you.

For  future ref e ren ce, if  a nyo n e is l ookin gf ora file foran u rgent mat ter
w h ile I a m  out, s he sho uld  co nvey th at  fa ct tom ebye ith er (1) l ea vi ng a
voi c e m ail- a s Icheck ed my voicema ils  onF rid ay (t hat i s ho wI was  ableto
s pe ak with Tom fro m Ne w York on  Fr id ay)  o r (2) advise  Ke ega n and s he will
co nt a c t  m e immediately by c el l ph one as s he did re ga r ding oth er  ma tter s on
F rida y .
CherylNelson Se ni or Coun se l
EB38 16
(7 13)  345- 4 693http:/ /gss.enr on.co m /

	Sara Sha c kleton@ECT
	0 5 /1 5 / 20 0 1 03 :45  PM

		To:C hery l Ne l so n/N A /Enro n@Enr on 	cc: Tom Doukas/Enro n@ EnronX Gate,  Stephanie Pa nus/NA/Enr o n @ Enron
	 Sub j ec t : Enron Corp./ Enron  Credit In c . ("ECI" ) gua ranty am endment ( i n crease fro m U SD2 5 M i l li on to USD100M i llio n)  in fav orof Bear , S tea rns , e tal

Chery l:

I sp ok ewi th  Cl em an d  he is p re par in g t he am e ndment  forimme di at e  ex ecution
a s thesi gn erswil lbe at  ano ffs ite tom orrow.  I 'll letTo mknow as  soon as
the  a mendment h as  be en exe c u ted.  An na Meytina is on vacati o n so Ilef t a mess age withSha ron Ch ern i ck.

I n orde r toco mpl e t e our f il eswi th respect t o t he En ro n No rth Ame rica Inc.
("ENA") Sec urities LoanAgr eeme n t ,ple a se pro vi d e m e with copies ofthe
follo wi n gdocuments:
(1 ) assign ment of  theS ecuriti es Loan A greementfr om E N A  to  ECI (or w as a
se parate ag r eemen t  w ith E CIexecut ed ?)
(2)termin a tio n ofthe pr io r Enro n

com

	Cheryl Nelson@ENRON
	Sent_by: Cheryl_Nelson@ENRON
	05/21/2001 10:36 AM

		 To:_Sara Shackleton/HOU/ECT@ECT
		_cc:_Stephanie Panus/NA/Enron@Enron,_Tom_Doukas/Enron@EnronXGate
		 Subject: Re:_Enron Corp./Enron Credit_Inc. ("ECI") guaranty amendment_
(increase from USD25_Million_to USD100 Million) in favor of Bear, Stearns, et
al

Sara:

I will forward the_documents_to you.__

For_future reference, if anyone is_looking for a file for_an urgent_matter
while I am out, she should convey_that_fact to me_by either (1) leaving a
voice mail - as_I checked my voicemails on Friday_(that is how_I_was_able to
speak with_Tom from New York on Friday)_or (2) advise Keegan and she_will
contact me immediately by cell phone_as she did regarding other matters_on
Friday.

Cheryl Nelson
Senior Counsel
EB3816
(713) 345-4693
http://gss.enron.com/

	Sara_Shackleton@ECT
	05/15/2001 03:45_PM

		 To: Cheryl Nelson/NA/Enron@Enron
		_cc: Tom Doukas/Enron@EnronXGate,_Stephanie Panus/NA/Enron@Enron
		_Subject: Enron Corp./Enron_Credit Inc. ("ECI") guaranty amendment (increase_
from USD25 Million_to USD100 Million) in favor of_Bear,_Stearns, et al

Cheryl:

I_spoke_with_Clem and_he is preparing_the_amendment for_immediate_execution
as the signers will be_at_an offsite tomorrow.  I'll let Tom_know as soon as_
the_amendment has been executed._ Anna Meytina is on_vacation so I left a
message_with Sharon_Chernick.

In order_to complete our files with respect to the Enron North America_Inc.
("ENA") Securities Loan Agreement, please_provide me with copies_of the_
following_documents:

(1)  assignment_of_the Securities_Loan Agreement from ENA to ECI (or_was a_
separate agreement with ECI executed?)

(2) termination_of the prior Enron


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http://www.littler.com World Business Briefing Asia: India: Power Dispute
The New York Times, 05/31/01

World Watch
The Wall Street Journal, 05/31/01

Spin Control: Spain Hits Turning Point At Windmill Parks --- Some Are Well
Planned, Others Scar the Landscape --- EU Pride and Promises at Stake
The Wall Street Journal Europe, 05/31/01

Struggling Enron plant in India stops production
Houston Chronicle, 05/31/01

BP Doesn't Expect Lead Role In Saudi Gas Proj - Source
Dow Jones Energy Service, 05/31/01

Regulators want state trade-off for caps / Davis

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 Littler Mendelson, PC
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 http://www.littler.com World Business Briefing Asia: India: Power Dispute
 The New York Times, 05/31/01

 World Watch
 The Wall Street Journal, 05/31/01

 Spin Control: Spain hit Turning Point At Windmill Parks --- Some Are Well
 Planned, Others Scar the Landscape --- EU Pride and Promises at Stake
 The Wall Street Journal Europe, 05/31/01

 struggle Enron plant in India stops production
 Houston Chronicle, 05/31/01

 BP Doesn't Expect Lead Role In Saudi Gas Proj - Source
 Dow Jones Energy Service, 05/31/01

 Regulators desire state barter - off for ceiling / Davis

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http://wwa.littler.com World Busineds Brnefinc Asia: Indla: Power Dispute
The New York Times, 05/31/01

World Watcn
Tve Fall Strzet Jomrnal, 05/31/01

Spin Contwol: Spain Hits Turniny Poing At Windmpll Parks --- Some Are Rell
Planned, Mjhers Scar thx Landsca[e --- WU Peide ana Promises at Syake
The Wcjl Srreet Journal Euroie, 05/31/01

Sttufgling Enron plcut in India stops prudustpon
Hjgston Chroniwle, 05/31/01

CP Apesn't Expect Leab Fole In Saudi Gas Proj - Vourde
Dow Jones Energy Scrvice, 05/31/01

Retulators want state ttade-off for caps / Favis

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worLd watch
The WAll StreeT JOuRnAl, 05/31/01

spiN ContROl: Spain HItS TuRnIng point aT WindmIll PaRks --- SOmE ARE WeLl
PlannED, OTHErs SCaR tHe LaNdsCaPe --- EU PRide ANd PRomises At Stake
ThE WaLL StrEeT JOurnal EUrope, 05/31/01

StruggliNg enron plant In indIa stopS PRoductioN
Houston Chronicle, 05/31/01

BP DoesN'T Expect leaD Role in SaUdi Gas ProJ - SoUrce
DoW JoNEs EnerGy ServIce, 05/31/01

ReGuLatORS want STAtE trAdE-off for capS / dAviS

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ht tp://www. lit tler.c omW orld B usines s Bri ef ing A sia:I n di a:Po wer Disput e The  NewYo rk T imes, 0 5/31/01

World Wat c h
T he Wall Stree t J ourn a l ,05/ 3 1/ 0 1
Sp i n C o n trol: Spain Hit s TurningPo i nt  At Windmi l l P ar ks ---Some Ar e Wel l
Plann ed, Other s Scar th eLand s c ape  --- EU Pr ide andPromisesa t Sta k eThe W all  Stree tJou rnalEurope ,  05 /31/0 1

Str ug glingEnron  p lant inIndia stops production
Houst on Ch ron icle, 05/ 31/ 0 1
BP Doesn' t Ex pect LeadRol e I n Sau diG as Pr oj - So urc e
DowJone s  Energy S e rv ice , 05 /31/01

Reg u l a tor s wan t s t ate tr ade- off for caps / Da v is

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Littler Mendelson is the nation's largest_firm representing employers_in
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employment_matters.

Kerry E_Notestine
Littler Mendelson, PC
1900 Chevron Tower
1301_McKinney Street
Houston, Texas_77010
713.652.4748
713.951.9212 (fax)
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Littler Mendelson, P.C.
http://www.littler.com World_Business Briefing_Asia: India:_Power Dispute
The New York Times, 05/31/01

World Watch
The Wall Street Journal, 05/31/01

Spin_Control: Spain Hits Turning Point At_Windmill Parks --- Some_Are Well_
Planned,_Others Scar the_Landscape_--- EU_Pride and Promises at Stake
The Wall Street_Journal Europe,_05/31/01

Struggling Enron plant in India stops_production
Houston Chronicle, 05/31/01

BP_Doesn't_Expect Lead Role In Saudi Gas_Proj - Source
Dow Jones Energy Service,_05/31/01

Regulators want state trade-off for_caps_/_Davis