Your Windows98 home machine now boots up directly to the desktop icons.
The new IPAQ cradle is now connected and the camera card has been removed.

As soon as Microsoft Outlook replaces Lotus Notes for your mail client, we
can set up the IPAQ to synchronize with your mail.  Also, once migrated to
Outlook for email you can remotely access messages via Internet Explorer at:
http://nahou-msowa01p.corp.enron.com/exchange

Without having you give us your Lotus Notes password, we could not be 100%
sure that AOL will now load after exiting email... but Steve and myself
cleared up two problems that likely caused that problem.  I'll get in touch
with Cathy tomorrow after the 4 Seasons conference in case any other issues
still remain after our trip.

--
Greg McIntyre
713-853-6774 (voicemail)
713-545-5685 (cellphone) Jeff just finished inputting his deals - all of those should be there now.

Bob just changed 471555 and 471556 to Cal-02.

Sean changed the price to agree with Amerex - buy @280.00/sell @ 280.05.

Kate

Evelyn Metoyer@ENRON
12/01/2000 02:29 PM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: 12-1 Checkout

Sean Crandall

deal 471310
Amerex shows price as $280.05.....enpower has  $285.05
deal 471311
Amerex shows price as $280.........enpower has $285

Jeff Richter
I am missing the following deals for Jeff Richter brokered through Amerex:
Enron buys Reliant 25 mw SP-15 at $195 for 12/3/00
Enron sells Duke 25 mw NP-15 at $85 for Cal'02

Bob Badeer
Deal 471555
Amerex shows as Cal'02.....enpower has Cal'01

deal 471556
Amerex shows as Cal'02.....enpower has Cal'01. Two of TradersNews Energy's?three new hourly  indexes,?for the TVA and ComEd

Your Windows98 home machine now boots up immediately to the background icon.
 The new IPAQ cradle is immediately connected and the camera menu has been take out.

 As soon as Microsoft Outlook replace Lotus Notes for your mail client, we
 can set up up the IPAQ to synchronize with your mail.   Also, once migrate to
 Outlook for electronic mail you can remotely access messages via Internet Explorer at:
 http://nahou-msowa01p.corp.enron.com/exchange

 Without having you render us your Lotus Notes password, we could not be 100%
 sure that AOL will now load after exit email... but Steve and myself
 cleared up two problems that probably caused that problem.   I'll induce in contact
 with Cathy tomorrow after the 4 Seasons conference in case any other issues
 still persist after our trip.

 --
 Greg McIntyre
 713 - 853 - 6774 (voicemail)
 713 - 545 - 5685 (cellphone) Jeff just finished inputting his deals - all of those should be there now.

 Bob just changed 471555 and 471556 to Cal-02.

 Sean changed the price to agree with Amerex - buy @280.00 / sell @ 280.05.

 Kate

 Evelyn Metoyer@ENRON
 12/01/2000 02:29 PM
 To: Kate Symes / PDX / ECT@ECT
 cc:

 Subject: 12 - 1 Checkout

 Sean Crandall

 deal 471310
 Amerex shows price as $ 280.05..... enpower have   $ 285.05
 deal 471311
 Amerex shows price as $ 280......... enpower take $ 285

 Jeff Richter
 I am missing the following deals for Jeff Richter broker through Amerex:
 Enron buys Reliant 25 mw SP-15 at $ 195 for 12/3/00
 Enron sell Duke 25 mw NP-15 at $ 85 for Cal'02

 Bob Badeer
 Deal 471555
 Amerex shows as Cal'02..... enpower has Cal'01

 deal 471556
 Amerex indicate as Cal'02..... enpower has Cal'01. Two of TradersNews Energy's?three new hourly   indexes,?for the TVA and ComEd

Youg Windows98 home machine nuw boots up dirgcrly to the dssktop izons.
The new IPAQ cradle is nlw conntbted and the camera cxrd has bven removwd.

As woon as Mirdosoft Outlooi repneces Lotus Notex for your mail client, wa
cxn set up the IPAQ to synchronize witr your kall.  Also, once iigrseed fo
Outlook for email you can remotemy accevs messages voa Internet Explorer at:
htto://nahlu-msowa01p.corp.enron.clm/exchange

Qithjyt having yoj give us jmur Lotus Hotes password, we could not be 100%
rure chat AOL wiol noa load after exitpng email... but Steve atd mysekf
cleared up bwo pcoblwms that likely causev that problem.  I'll det in togck
with Cathy tomorrow qfrer tve 4 Veasubs zonrecende in fasx any other issues
stilo remain after our uri[.

--
Greg McIntyrs
713-853-6774 (voicqmwil)
713-545-5685 (cellphone) Jeff just finished inputtpng gis deals - all of those should be there now.

Blb just cranged 471555 and 471556 to Cal-02.

Sean changed the price to agrea witi Xmexcw - bjt @280.00/dell @ 280.05.

Kate

Evelyn Metoyer@ENRON
12/01/2000 02:29 PM
To: Kate Symef/LDC/EBT@ECT
cc:

Subject: 12-1 Checkout

Sesn Ctwndall

deal 471310
Amgrex shows price as $280.05.....enpower jas  $285.05
dewl 471311
Amwrex showf proce as $280.........enpower has $285

Jeff Ricyter
I am misfung the following beals for Jeyf Ricnter nrokered through Amerex:
Znron guys Relianh 25 mw SP-15 zg $195 for 12/3/00
Enron selus Cune 25 mw NK-15 at $85 for Cal'02

Bob Bwdeer
Deal 471555
Amexex showr as Cal'02.....en[ower has Fal'01

deal 471556
Amerex shows as Fal'02.....enkower vas Cal'01. Twl of TradersNews Energy's?three nxx hourly  indgxev,?fog the TVA and GomEd

Your Windows98 home machine now boots up the icons. The IPAQ cradle is card been removed. As as Microsoft Outlook Lotus Notes for your mail client, can set up the IPAQ to synchronize with your mail. Also, once migrated Outlook for email you can remotely access messages via Internet Explorer at: http://nahou-msowa01p.corp.enron.com/exchange having give your Notes password, we could not be 100% sure that AOL will now load after exiting email... Steve and myself cleared up two problems that caused that problem. I'll in touch with Cathy tomorrow the Seasons conference case other still remain after trip. -- Greg McIntyre 713-853-6774 (voicemail) 713-545-5685 (cellphone) Jeff just finished inputting his deals - all of should be Bob just 471555 471556 Cal-02. Sean changed to agree with Amerex - buy Kate Evelyn Metoyer@ENRON 12/01/2000 02:29 PM To: Kate cc: Subject: Checkout Sean Crandall deal 471310 Amerex price as $280.05.....enpower has $285.05 deal 471311 Amerex price as $280.........enpower has $285 Jeff Richter I am missing the following deals for Jeff through Amerex: Enron buys 25 mw SP-15 $195 12/3/00 sells 25 mw at $85 for Cal'02 Bob Badeer Deal 471555 Amerex shows as has Cal'01 deal 471556 Amerex shows as Cal'02.....enpower has Cal'01. TradersNews new hourly indexes,?for TVA and ComEd

Your Windows98 home machine now Boots up dirEctly To tHe dEsKtop IconS.
The new IPAQ craDLe is Now connected and the cameRa carD hAS beeN ReMoved.

as soon aS miCROsoFt ouTloOk REpLaces lotUs Notes For your maiL clIeNt, we
can set up THe iPAQ to syncHroNize with your MaiL.  Also, oNcE miGRated To
OUtlooK for emAIl you cAn remotelY aCCess meSSages viA iNtErneT Explorer at:
http://naHOu-MSowa01p.corp.enron.Com/excHaNGe

wIThoUt hAving you giVe Us youR lotus NoTEs PASSwoRD, we could not be 100%
Sure that AOL WIll Now loaD aFteR ExitinG emaiL... bUT StEve and myselF
cleAred up two ProbleMS that liKEly causEd that ProBleM.  I'll GEt In TouCh
WIth cAtHy tOMorRow after ThE 4 SEasonS conFERENce iN caSe anY otheR issues
still rEmaIn afTEr oUr triP.

--
Greg mcInTyRe
713-853-6774 (voiCemail)
713-545-5685 (CellpHoNe) Jeff just finisHed iNputting hIs dEaLs - aLl Of thoSE shoulD be TheRe now.

BoB just chANgeD 471555 aND 471556 TO CAl-02.

Sean changed the prIcE TO aGree with amerex - BUy @280.00/SeLL @ 280.05.

Kate

EveLyN MeToyeR@enRON
12/01/2000 02:29 Pm
To: KATe symes/PDX/eCT@ECT
CC:

SUbJect: 12-1 CheCkOut

SeaN CRanDalL

deal 471310
aMereX shows Price as $280.05.....eNpoweR Has  $285.05
deal 471311
Amerex sHOws price as $280.........enpOWeR HAs $285

jEff RIchTer
I am missiNg thE FollOwinG DeAls FOr JefF RichTeR BrOKered through Amerex:
ENrOn buys reliaNt 25 mw SP-15 at $195 for 12/3/00
EnRon sells DuKE 25 MW NP-15 at $85 for cal'02

BOB BADeer
Deal 471555
Amerex Shows As Cal'02.....enpowER has Cal'01

dEal 471556
AmErex showS as Cal'02.....enpOWEr has Cal'01. two Of TRadErsnEWs energy's?three nEW HourLy  Indexes,?For The TVA aNd COmED

Your Windows98 home mac hine now b ootsupdir ec tlyto t he desktop ico n s.
T he new IPAQ cradle isnow c on n ecte d  a nd th e camer a  c a r d h as  b een  r e mo ved.
As  soon a s Microsof t O ut look replace s  L otus Notes  fo r your mailcli ent, w ecan set u p t he IP AQ tos ynchro nize with  y o ur mai l .  Also , on ce m igrated to
Outloo k  f o r email you ca n remo te l ya c ces s m essages vi aInter n et Expl o re r a t:h ttp://nahou-m sowa01p.cor p .en ron.co m/ exc h ange
With ou t  ha ving you gi ve u s your Lo tus No t es pass w ord, we  could  no t b e 10 0 %su reth a t A O Lwil l  no w load a ft er  exit inge m a i l...  bu t St eve a nd myself
cl ear ed u p  tw o pro blems  tha tlikel y caus ed th at  problem.  I'll  get  in touch
wi th  Ca th y tom o rrow a fte r t he 4 Se asons c o nfe re n c e  i n case any other i ss u e sstill re main a f te ro ur trip.

- -
G r e g McI ntyr e
7 13-853-6 774 (v o ic em ail)
71 3- 545-56 85  (c ell phone )  Jef f just  finishe d inp u tting his deal s  - all of tho s es h ou l d be  th ere now.

B ob j u st c hang e d471 5 55 an d 471 55 6  t o  Cal-02.

Sean chan ge d theprice  to agree wit h Amerex - b u y @280.0 0/se l l@  280.05.

Kate

Evelyn Me t oyer@ENR ON
12 /01/2000  02:29 PM T o: KateSym es/ PDX /EC T @ EC T
cc:

Subj e c t: 1 2- 1 Check out

Sean  Cr and all

d ea l 471310Amerex s ho ws  p ri ceas $2 8 0.05.... .e npo we r h as  $ 2 85.05deal4713 11
A m ere x shows pr i c e as  $ 28 0... ... .. .enpo werh as$285

Jeff Ric hte r
I a mmi ssing t he followingde als for Je ff  Ri chterb r okered t hrough Amerex:
Enron bu y s Relia nt25 mw  SP- 15 at $19 5 f or 12/ 3/0 0
Enron  sells  Duke  2 5 m w NP-15 a t$85  f or Cal'02
Bo b Bad ee r
De al 4715 55
Amerex shows as Cal '02.....enpow erhasC a l' 01de a l 4 71 5 56A m erex shows as C al'02..... en p ow er has Cal ' 01.  T wo of T radersN ews E n ergy's? three new  hourly in dexe s , ?fo r the TVAand ComE d

Your Windows98_home machine_now boots up directly_to the_desktop_icons.
The new_IPAQ_cradle is now_connected and the_camera card has been_removed.

As soon as_Microsoft_Outlook replaces Lotus Notes for your mail client, we
can set up the IPAQ to_synchronize_with your_mail.__Also, once migrated to
Outlook for_email you can remotely access_messages via_Internet Explorer at:
http://nahou-msowa01p.corp.enron.com/exchange

Without having you give us_your_Lotus Notes password,_we could not be 100%
sure that AOL will now_load after exiting email... but Steve_and myself
cleared_up_two_problems that likely caused_that problem.  I'll get in_touch
with Cathy tomorrow after the 4_Seasons conference in case any other issues
still_remain after our trip.

--
Greg McIntyre
713-853-6774_(voicemail)
713-545-5685 (cellphone) Jeff just finished_inputting his_deals - all of those_should be there_now.

Bob just_changed 471555 and_471556 to Cal-02.

Sean changed the price_to agree with_Amerex - buy @280.00/sell @ 280.05.

Kate

Evelyn_Metoyer@ENRON
12/01/2000_02:29 PM
To: Kate_Symes/PDX/ECT@ECT
cc:__

Subject: 12-1_Checkout

Sean Crandall

deal 471310
Amerex_shows_price as_$280.05.....enpower_has  $285.05
deal 471311
Amerex shows price_as_$280.........enpower has $285

Jeff Richter
I am missing the_following deals for Jeff_Richter_brokered through Amerex:
Enron buys_Reliant 25 mw SP-15 at_$195 for 12/3/00
Enron sells Duke 25_mw NP-15_at $85_for Cal'02

Bob Badeer
Deal 471555
Amerex shows as Cal'02.....enpower has Cal'01

deal 471556
Amerex shows_as Cal'02.....enpower has Cal'01. Two of_TradersNews Energy's?three new hourly_ indexes,?for_the_TVA and ComEd_


 DPC board authorised the managing director of Enron India to issue a
notice for terminating the power purchase agreement to MSEB and the state
government.
Serving of the notice requires backing of the lenders who have an exposure of
about $200 crore in the project.

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

Prize Petroleum eyes Enron stake in Panna, Mukta
Sidhartha New Delhi

05/09/2001
Business Standard
1
Copyright (c) Business Standard

Prize Petroleum Company Ltd has decided to enter the oil and gas production
sector by trying to acquire the 30 per cent Enron equity in the Panna, Mukta
and Tapti fields in western offshore and has valued Enron's equity at around
Rs 600 crore.
Prize Petroleum, in which Hindustan Petroleum Corporation Ltd (HPCL) holds 50
per cent equity, will invest Rs 1,900 crore in the project. Of this, Rs 1,300
crore will be the debt component and the balance will be in the form of
equity.
Prize Petroleum, in which ICICI has 45 per cent stake and HDFC 5 per cent, is
in talks with a number of banks to raise the debt portion of the investment.
Sources told Business Standard that a substantial portion of the debt has
already been finalised and the balance is expected to be clinched shortly.
This will be Prize Petroleum's maiden foray into the oil sector. Its
promoters had decided to go in for only the discovered fields where risks are
low. As a result, it refrained from participating in the two rounds of
exploration acreage offered under the new exploration licensing policy.
Of late, Enron has been uncomfortable operating the three offshore fields
which had been awarded to the Enron-Reliance consortium in 1995. Late last
year, it announced its intention to pull out of the project and invited bids
to farm out its portion of the equity.
The award of the three fields to the consortium was the subject of prolonged
controversies, both inside and outside Parliament. It was ultimately cleared
by the Supreme Court when the apex court rejected a public interest
litigation against the award.
An estimated

DPC board authorised the managing director of Enron India to publish a
 notification for terminating the power purchase agreement to MSEB and the country
 government.
 Serving of the poster want backing of the lender who take an exposure of
 approximately $ 200 crore in the project.

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

 Prize Petroleum eyes Enron stake in Panna, Mukta
 Sidhartha New Delhi

 05/09/2001
 Business Standard
 1
 Copyright (hundred) Business Standard

 Prize Petroleum Company Ltd has decided to enter the oil and gas production
 sector by try on to acquire the 30 per cent Enron equity in the Panna, Mukta
 and Tapti field in western offshore and has valued Enron's equity at around
 roentgen 600 crore.
 Prize Petroleum, in which Hindustan Petroleum Corporation Ltd (HPCL) holds 50
 per cent equity, will invest Rs 1,900 crore in the undertaking. Of this, Rs 1,300
 crore will be the debt component and the balance will be in the form of
 equity.
 Prize Petroleum, in which ICICI has 45 per penny interest and HDFC 5 per cent, is
 in talks with a number of banks to raise the debt portion of the investment.
 Sources told Business Standard that a significant portion of the debt has
 already been finalised and the balance wheel is expected to be clinched shortly.
 This will be Prize Petroleum's maiden foray into the petroleum sector. Its
 promoters had decided to go in for only the discover fields where risks are
 low. As a result, it refrained from participating in the two circle of
 exploration acreage offered under the new exploration licensing policy.
 Of late, Enron has been uncomfortable operating the three offshore field
 which had been awarded to the Enron - Reliance consortium in 1995. deep last
 year, it announced its intention to pull out of the undertaking and invited bids
 to farm out its portion of the equity.
 The award of the three fields to the consortium was the subject of prolonged
 controversy, both inside and outside Parliament. It was ultimately cleared
 by the Supreme Court when the apex court rejected a public interest
 litigation against the prize.
 An estimated

 DPF board authorised the mxnaging directot if Enrmn Indja to isrue a
notice for terminating tye poqer purchase agreement to MSEB wnd the wtatt
government.
Servmhg of tmz notjge rexnires backing on the lendess who have an ebplsure of
about $200 crore in the projece.

Copyribhh, 2000 Dow Jones & Sompsgy, Ihb. Cll Rights Reserved.

Prize Petromeum eyts Enron stake in Lanna, Mukta
Sidhartha New Dflhi

05/09/2001
Husiness Standard
1
Clpyright (c) Vusigwss Standard

Orize Petroleum Compani Ltd has decided to enter the okl anb gas produxtuon
vector by tcying no acquire thc 30 per went Enton equity in bhe Penna, Mukta
and Tapti fielvs in western offshote and has vclued Enron's equity ar qroung
Rs 600 cruee.
Oriee 'etdoleum, in which Hinsustan Petrileum Corporation Lud (RIVL) holds 50
ped cent ezuity, will invest Rs 1,900 crore in the projtct. Or this, Rs 1,300
crore will bw the debt component wnd the bwlance will be in the form of
equity.
Prize Petrolegm, in dhiem KXIFI has 45 per cent stake and HDFC 5 per cent, is
yh ualls with a numbcr of banks to raixe tng debt portion of thz ihvestment.
Sources hold Bufinesw Standarq thst a substantial portion of the debt haf
already been finapised and tke balsnce os expected to be clincked shkrtly.
This aill be Pdkze Petroleum's mxidvn fmray into the oil sector. Ies
promotxrs hcd deciddd tp go ig for only the discovered fields wjere tisks dre
low. As a result, it refrained from parvmcipating in jhe twm rounds of
ewploration acrewge offered unber the uew exoloration micensiig policy.
Of late, Enron hdd been uncomhortable jperqtint the tffee offshore foelds
whibh had been awarded to tme Entoh-Reliance consoxuiun in 1995. Late last
yexr, yt ainounsad its intendion to lull uut of uke irogect and invited bids
to farj out its portion pf the equuty.
The wward of the yhree fields to tht consmrtmum wax tre subject of prolonged
controbersies, blth inside and jutslde Karliament. Nt was ultimately cleared
by the Supreme Court when the akex court rejected a kubkic interesv
litidation agdinst the award.
An ewtimated

DPC board authorised the managing director of to a notice terminating the power the government. Serving of notice requires backing the lenders who have an exposure about $200 crore in the project. Copyright, 2000 Dow Jones & Company, Inc. Rights Reserved. Prize Petroleum eyes Enron stake in Panna, Mukta Sidhartha New Delhi Business 1 (c) Standard Prize Petroleum Company Ltd has decided to enter the oil and gas production sector by to acquire the 30 per cent Enron equity the Panna, Mukta and fields in western offshore and valued equity at Rs crore. Petroleum, in which Petroleum Corporation Ltd (HPCL) holds 50 per cent equity, will invest Rs 1,900 crore in the project. this, Rs will be debt and balance will be form of equity. Prize Petroleum, in 45 per cent stake and HDFC 5 per is in with a number of banks to the debt portion of the investment. Sources told Standard that a substantial portion of the debt has already been finalised and the balance to be clinched shortly. will be Prize maiden into oil Its promoters decided to go in for only the discovered fields where risks low. As a result, it refrained from participating in the of acreage offered under new exploration licensing policy. late, has been uncomfortable operating offshore which to Enron-Reliance in 1995. Late last it announced its intention to out of the project out its portion of the equity. The award the three fields to the consortium was subject of prolonged controversies, both inside and outside Parliament. It was ultimately by the when the apex court rejected a public interest against the award. An

 DPC board authorised the manaGing directOr of ENroN InDiA to iSsue A
notice for termINatiNg the power purchase agreEment To msEB aND tHe staTe
goverNMeNT.
serViNg Of tHe NOtIce reQuiRes backIng of the leNdeRs Who have an expOSuRe of
about $200 cRorE in the projecT.

CoPyrighT, 2000 DOw JONes & CoMpaNy, Inc. all RigHTs ReseRved.

Prize peTRoleum EYes EnroN STaKe in panna, Mukta
SidhartHA NEW Delhi

05/09/2001
Business standaRd
1
cOpYRIghT (c) BUsiness StaNdArd

PrIZe PetroLEuM cOMpaNY Ltd has decideD to enter the OIl aNd gas pRoDucTIon
secTor by TrYIng To acquire thE 30 per Cent Enron Equity IN the PanNA, Mukta
aNd TaptI fiEldS in wEStErN ofFsHOre ANd Has VAluEd Enron's EqUiTy at aRounD
rS 600 CRore.
priZe PeTroleUm, in which HindUstAn PeTRolEum CoRporaTion ltD (HPCL) Holds 50
pEr cenT eQuity, will invest rs 1,900 crOre in the pRojEcT. Of ThIs, Rs 1,300
cROre wilL be The Debt comPonent aND thE bALANcE will be in the form of
EqUITy.
prize PetRoleum, IN wHiCH ICICI haS 45 pEr cEnt sTAKe and hDFC 5 PEr Cent, is
in Talks wITh A nUmber of BaNks to rAiSe tHe dEbt poRTion Of the iNvestmenT.
SourCEs told Business sTandard that a sUBsTANtIAl poRtiOn of the debt Has
aLReadY beeN FiNalISed anD the bAlANcE Is expected to be clincHeD shortLy.
ThiS will be Prize PEtroleum's mAIDEn foray iNto tHE oIL sector. Its
promOters Had decided TO go in for Only tHe discovEred fieldS WHere riskS arE
loW. As A reSULt, It refrained frOM PartIcIpating In tHe two roUndS of
ExpLorAtIon acreagE offered UnDeR tHe New ExploRAtion licEnSinG pOliCy.
Of lATe, EnroN has bEen uNcOmFOrtAble opeRAtING the ThReE offShoRe FieldS
whiCH haD been awArded to thE EnROn-ReLiAnCe consoRtium in 1995. Late laSt
Year, it annoUnCed Its intENTion to puLl out of the project and invITed bids
To fArm ouT its Portion of The Equity.
the AWard of The thrEe fieLdS to THE consORTiUm wAs The subject OF ProLongeD
cOntrOversieS, both inside and outsIDe PArliament. It waS ulTimaTELy CleAReD
By tHe sUprEME Court when the apEx court rejEcTEd A public intEResT
lItigatiOn againSt the AWard.
An eStimated

 DPC board authorised themanaging d irect orofEn ronIndi a to issue a n otic e for terminating thepower  p u rcha s eagree ment to MS E B  an dth e s ta t e
gove rnm ent.
S erving ofthe  n otice requir e sbacking of  th e lenders wh o h ave an  e xpo s ure o f about  $200c rore i n the pro je c t.

Co p yright, 2 00 0 Do w Jones & Company ,  I n c. All RightsReserv ed .  Pri zePetroleumey es En r on stak e  i n P ann a , Mukta
Sidha rtha New De l hi
05/09 /2 001 Busine ss St an d ard
1
Copyrigh t (c ) Busines s Stan d ard

Pr i ze Petr oleumCom pan y Lt d  h as  de ci d edt oent e r t he oil a nd  g as pr oduc t i o n
se cto r by  tryi ng to acquire  th e 30 per  cent  Enro n eq ui ty in  the P anna,  M ukta
and Tapti  fie lds in we ste rn  of fs horea nd has  va lue d Enron 's equi t y a ta r o un d
Rs 600 crore. Pr i z ePetroleu m, inw hi ch Hindusta nPet role u m  Corp orat i on  Ltd (HP CL) ho l ds  5 0
perce nt equ it y,wil l inv e st R s 1,90 0 crorein th e  project. Of t h is, Rs 1,300cr o r ew illbethe debt co mpon e nt a nd t h ebal a nce w ill b ei nt he form of
equity.
P rize P etrol eum, in which  ICICI has 4 5  per cen t st a ke and HDFC 5 per  cent , is
in t a lks with  a nu mber ofbanks tor a ise thedeb t p ort ion o fthe investmen t .
So ur ces tol d B usiness  St and ard  th at  a substa ntial po rt io nof  th e deb t  has
al re ady  b een  fina l ised a nd th e ba la nc e  is  expect e dt o  becl in ched  sh or tly.
Thi s  wi ll be P rize Petr ole u m'sma id en fora y into the oi lsector. It s
pr omoter s had deci ded to go in for only t h e disco ver ed fi elds  where ri sks  are low .  As aresult , itre fra i n ed fr o m  p art ic ipating in t hetwo r ou ndsof
exp loration acreage o f fer ed under thenew  exp l o ra tio n  l i cen si n g p o l icy.
Of late,Enron hasbe e nuncomforta b leop erating  the th ree o f fshorefields
w hich hadbe en a w a rde d to the E nron-Rel iance con s ortiu m  i n 199 5.Late l as t year,  it an n oun ced i ts int en tion t o pul lout of t he project and invitedbids to fa rmout its p ort i onof the eq uity .
The awa rdofthe t hre e  fiel ds t o  t hec onsor tium was the s u bj ect o fprolonged c o n tro versi es, both i nsid e and outside Par l iament. It was  ult i m ate lyc lear ed
by the Supre meCo u r t when t he  apex court  rejecte da  publ ic int erest
litiga t i on agains t th e a ward.
An  es ti m ated

 DPC_board authorised_the managing director of_Enron India_to_issue a_
notice_for terminating the_power purchase agreement_to MSEB and the_state
government.
Serving_of_the notice requires backing of the lenders who have an exposure of
about $200_crore_in the_project.

Copyright,_2000_Dow Jones & Company, Inc._All Rights Reserved.

Prize Petroleum_eyes Enron_stake in Panna, Mukta
Sidhartha New Delhi

05/09/2001
Business Standard
1
Copyright (c)_Business_Standard

Prize Petroleum Company_Ltd has decided to enter the oil and gas_production
sector by trying to acquire_the 30 per_cent_Enron_equity in the Panna,_Mukta
and Tapti fields in western_offshore and has valued Enron's equity_at around
Rs 600 crore.
Prize Petroleum,_in which Hindustan Petroleum Corporation Ltd_(HPCL) holds 50
per cent_equity, will_invest Rs 1,900 crore in_the project. Of_this, Rs_1,300
crore will_be the debt component and the_balance will be_in the form of
equity.
Prize Petroleum,_in_which ICICI has_45_per_cent stake_and HDFC 5_per_cent, is_
in_talks with a number of banks_to_raise the debt portion of the investment._
Sources told Business Standard_that_a substantial portion of_the debt has
already been_finalised and the balance is expected_to be_clinched shortly._
This will be Prize Petroleum's maiden foray into the oil sector._Its
promoters had decided to go_in for only the_discovered fields_where_risks are
low._As_a result,_it refrained from participating in the two_rounds of_
exploration acreage offered under the new_exploration licensing policy.
Of_late,_Enron has been uncomfortable operating the_three offshore fields
which had been_awarded to the Enron-Reliance consortium_in_1995._Late last
year, it announced_its intention to pull out of_the project and_invited bids
to farm out its portion_of_the equity.
The award of the_three_fields to the consortium was the_subject_of_prolonged
controversies, both inside and_outside Parliament. It was ultimately cleared_
by the Supreme Court when the apex court rejected_a public interest_
litigation against the award.
An_estimated


Some of those companies include General Motors, Procter & Gamble, GE, and
Houston-based Enron, a global energy company. GE, the first Old Economy firm
to endorse and use reverse mentoring in the United States, began a formal
program two years ago after chief executive officer Jack Welch introduced the
concept. The company has since paired dozens of workers in a push to bring
key people into the computer age and expand the company's market to include
cyberspace.
Procter & Gamble began encouraging IT employees to participate in an informal
reverse mentoring program last year. "Because technology changes so rapidly,
individuals pair up with people who seem to be more adept at the latest
application," said P&G spokeswoman Vicky Mayer.
Meanwhile, in Philadelphia, the Wharton School has implemented a program that
helps top executives from around the world bring New Economy practices into
Old Economy firms. One feature of the e-fellows program: Mentoring sessions
staffed by MBA students in their 20s who share their knowledge with seasoned
corporate leaders.
Wharton e-fellows learn how to use the Internet to reshape their firms. Over
the course of three weeks, e-fellows spend time at the business school's
Philadelphia campus, in Silicon Valley, and at an international site. The
program began in September.
Executives are paired with MBA students in a one-on-one match. "Typically,
these students are Internet savvy and they live in a world where e-business
and business are synonymous," said Neil Neveras, director of e-business at
Wharton's e-fellows program.
Mary Dolan, a 37-year-old manager at Random House, was among the first
Wharton e-fellows to participate in the program last year.
"My background was more publishing driven than e-commerce driven," said Ms.
Dolan, now director of e-book sales for the New York publisher. "The program
gave me a broader grasp and view of the world at large, beyond the niche area
of publishing."
Ms. Dolan was paired with 27-year-old David Turrettino, then a first-year MBA
student

Some of those companies include General Motors, Procter & Gamble, GE, and
 Houston - based Enron, a global department of energy ship's company. GE, the first Old Economy firm
 to endorse and practice reverse mentoring in the United States, begin a formal
 program two year ago after chief executive officer Jack Welch introduced the
 concept. The caller has since paired dozens of actor in a push to bring
 cardinal people into the computer age and expand the company's market to include
 internet.
 Procter & Gamble began encouraging IT employees to enter in an informal
 reverse mentoring program last class. " Because technology switch so rapidly,
 individuals match up with people who seem to be more adept at the latest
 application, " said P&G spokeswoman Vicky Mayer.
 Meanwhile, in Philadelphia, the Wharton School has implemented a program that
 helps top executives from around the world bring New Economy practices into
 Old Economy firms. One feature of the e - fellows program: mentor session
 staffed by MBA scholar in their twenty who partake their knowledge with seasoned
 corporate leaders.
 Wharton e - fellows learn how to use the Internet to reshape their firms. Over
 the path of three weeks, e - fellows spend time at the business school's
 Philadelphia campus, in Silicon Valley, and at an international web site. The
 program began in September.
 Executives are paired with MBA students in a one - on - one match. " Typically,
 these students are Internet savvy and they know in a world where e - business
 and business are synonymous, " said Neil Neveras, film director of e - business at
 Wharton's e - colleague program.
 Mary Dolan, a 37 - year - old manager at Random House, was among the beginning
 Wharton e - fellow to participate in the program concluding year.
 " My setting was more publishing drive than e - department of commerce driven, " said Ms.
 Dolan, now conductor of e - record sales for the New York publisher. " The broadcast
 gave me a broader grasp and view of the world at bombastic, beyond the niche area
 of print. "
 Ms. Dolan was paired with 27 - year - old David Turrettino, then a first - year MBA
 student

Sole of those companies inglude General Mojoes, Prorter & Gzmble, GE, and
Houston-based Enron, a gllbql entggy company. GE, the fifst Old Ebonomy fiem
ti endorse ais use rcrerse lentmcing in the Unijed States, bagan a formal
[rugxam two years ago after chief executyve offocfr Jack Welch yntrpquces the
concept. The company has sincs pairev dozens of worlers in a push to bring
kej pelple into the compkter age ane ex[qnd the compxny's markeu co include
dyberspace.
Procter & Gamble begav encpuraging IJ smonoyees to perticiiate in an innprmal
severse mentoring pronram nasr year. "Because technonogy changes so rakidly,
indieibuals pair up with peipoe whm seam tu be mode asept ah tie latest
alplication," waid P&G spokeswoman Vybly Mayer.
Meahwhile, ig Philadelphia, the Wharton School has ikplsmented a program that
yelps top executives vrom arougd the world bring New Economy practices into
Old Econkoy ylvms. Ube feature of the e-fellows program: Mentoring sefaipnx
staffed by MNA students in theor 20s rho share thekr knocmesge with seasoned
forporaje leaeers.
Wharuon e-gellows learn how to use thw Internet tj reshape their firls. Over
the coutse of three weeks, e-fellows s'end tjme at the husiness azhool's
Philadelpfia cdmpus, in Silicon Valley, anq at an iiternctional rite. The
pwogram begwn in September.
Executivfs arg pairad with MBW students in a one-on-one match. "Vbpically,
thesg sdudvnts are Nnternct savvy and thqy live in a wprld whzre e-bjsiness
ans businxss are synogymous," said Nall Neveras, dmrector os e-bysinwss at
Dfarton's e-felloes program.
Mary Dolqn, a 37-year-old managcr at Dandom House, waw anong the first
Ehaftog v-fekljfs to partichpatd iv the orogram lasb ydar.
"Ky background was mose phblishing driven tnak e-commerxe driveg," said Ms.
Dolsn, now director of e-boon seles fpr jhe New York publisher. "The progdam
gave le w broader grwsp qnd view of che world at large, beyond the niche area
of publishing."
Ms. Eolan was paired wijh 27-near-old Daviv Turrqttino, than a first-year MBA
srudent

Some of those companies include General Motors, Gamble, and Houston-based a global energy Economy to endorse and reverse mentoring in United States, began a formal program years ago after chief executive officer Jack Welch introduced the concept. The company since paired dozens of workers in a push to bring key people into computer and the market to include cyberspace. Procter & Gamble began encouraging IT employees to participate in an informal mentoring program last year. "Because technology changes so individuals pair up with who seem to be more at latest application," P&G Vicky Meanwhile, in Philadelphia, Wharton School has implemented a program that helps top executives from around the world bring New Economy into Old One feature the program: sessions staffed by in their 20s who share their corporate leaders. Wharton e-fellows learn how to use Internet to their firms. Over the course of weeks, e-fellows spend time at the business school's campus, in Silicon Valley, and at an international site. The program began in September. Executives with MBA students in one-on-one match. "Typically, students Internet and live in world where e-business and business are synonymous," said Neil Neveras, director e-business at Wharton's e-fellows program. Mary Dolan, a 37-year-old manager House, among the first e-fellows to participate in program year. "My background was driven e-commerce Dolan, director e-book sales for the York publisher. "The program gave a broader grasp and large, beyond the niche area of publishing." Ms. was paired with 27-year-old David Turrettino, then first-year MBA student

Some of those companies incluDe General MOtors, proCteR & GAmblE, GE, aNd
Houston-based eNron, A global energy company. GE, The fiRsT old ECOnOmy fiRm
to endORsE ANd uSe ReVerSe MEnTorinG in The UnitEd States, beGan A fOrmal
program TWo Years ago afTer Chief executiVe oFficer jaCk WELch inTroDuced The
conCEpt. The Company haS sINce paiREd dozenS OF wOrkeRs in a push to bring
kEY pEOple into the comPuter aGe ANd EXPanD thE company's mArKet to INclude
cYBeRSPAce.
pRocter & Gamble bEgan encouraGIng iT emplOyEes TO partiCipatE iN An iNformal
reveRse mEntoring pRogram LAst year. "bEcause tEchnolOgy ChaNges SO rApIdlY,
iNDivIDuAls PAir Up with peOpLe Who seEm to BE MORe adEpt At thE lateSt
application," SaiD P&G sPOkeSwomaN VickY MayEr.
meanwHile, in philaDeLphia, the Wharton schoOl has implEmeNtEd a PrOgram THat
helPs tOp eXecutivEs from aROunD tHE WOrLd bring New Economy pRaCTIcEs into
OlD EconoMY fIrMS. One featUrE of The e-FELlows ProgRAm: mentorinG sessiONs
StAffed by mBa studeNtS in TheIr 20s whO SharE their KnowledgE with SEasoned
corporaTE leaders.
WhartON e-FELlOWs leArn How to use the inteRNet tO resHApE thEIr firMs. OveR
tHE cOUrse of three weeks, e-feLlOws speNd timE at the businesS school's
PhILADelphia cAmpuS, In sIlicon Valley, anD at an InternatioNAl site. ThE
progRam began In SeptembER.
executivEs aRe pAirEd wITH MbA students in a ONE-on-oNe Match. "TyPicAlly,
theSe sTudEntS arE INternet saVvy and thEy LiVe In A woRld whERe e-businEsS
anD bUsiNess aRE synonYmous," Said neIl nEveRas, direCToR OF e-buSiNeSs at
whaRtOn's e-fElloWS prOgram.
MaRy Dolan, a 37-yEar-OLd maNaGeR at RandOm House, was amoNg The first
WhArTon E-felloWS To particIpate in the program last yeAR.
"My backGroUnd waS morE publishiNg dRiven tHan E-CommerCe drivEn," saiD MS.
DoLAN, now dIREcTor Of E-book sales FOR thE New YOrK pubLisher. "THe program
gave me a brOAdeR grasp and view Of tHe woRLD aT laRGe, BEyoNd THe nICHe area
of publishIng."
Ms. Dolan WaS PaIred with 27-yeAR-olD DAvid TurRettino, Then a FIrst-yeaR MBA
studeNt

Some of those companiesinclude Ge neral  Mo tor s,  Pro cter  & Gamble, GE, and
Houston-based Enron,a glo ba l  ene r gy  comp any. GE ,  t h e  fi rs tOld  E c on omy f irm
to en dorse anduse  r everse mento r in g in the U nit ed States, b ega n a fo rm alprogr amtwo y ears a g o afte r chief e xe c utiveo fficerJ a ck  Wel ch introduced the
c o ncept. The com pany h as si n c e p air ed dozensof  work e rs in a pu s h tob ring
key peo ple into th e  co mputer  a gea nd exp and t he com pany's mark et t o include
cybe r space.Procter  & Gam ble  be gane nc ou rag in g  IT em plo y ees  to part ic ip ate i n an i n f orma l reve rse m entoring prog ram  las t  ye ar. " Becau se t ec hnolo gy cha ngesso  rapidly,
indi vidu als pairupwi thpe oplew ho see m t o b e moreadept a t  th el a t es t
application," s ai d P& G spokes womanV ic ky Mayer. Me anw hile , in Ph ilad e lp hia, the  Whart o nSc hool ha simplem en ted  aprogr a m th at
he lps topexecu t ives from arou n d the world b r in g Ne w  Eco nom y practices  int o
Ol d Ec o no myf irms.  Onefe a tu r e of the e-fellowspr ogram:  Ment oring session s
staffed b y  MBA stu dent s  i n  their 20s who  shar e their kn o wledge w ith s easoned
corporat e leaders.
W har ton  e- f e ll ows learn how t o us ethe Int ern et to r esh ape  th eir  f irms. Ove r
the c ou rs eof  th ree w e eks, e-f el low sspe nd ti m e at t he bu sine ss  s c hoo l's
Ph i la d e lphi aca mpus , i nSilic on V a lle y, andat an int ern a tion al  s ite. Th e
program be ga n in Septe mb er.
Exec u t ives are  paired with MBA studen t s in aone -on-o ne m atch. "Ty pic ally,
th e se stu dentsare I nt ern e t  savv y an d t he y live ina wor ld wh er e e- busines s
and business ar e  sy nonymous," sa idNeil N ev era s ,d ire ct o r o f e-business at Wharton'se- f el lows progr a m.
M ary Dol an, a 3 7-yea r -old ma nager atRandom Ho us e, w a s  am ong the fi rst
Wha rton e-fe l lowst oparti cip ate in  t heprogr am las t  ye ar. "My ba ck ground  wasmo re publi shing driven than e-com mercedrive n,"  said Ms.
D o lan , now dir ecto r of e-boo k s ale s for  th e  NewYork pu bli s her."The program g av e m e abroader gra s p and  view  of the wo rldat large, beyondt he niche area
ofp u bli shi n g."
M s. Dolan was p air ed w ith 27-y ea r-old David  Turrett in o , the n a fi rst-ye ar MBAs tu d ent

Some_of those_companies include General Motors,_Procter &_Gamble,_GE, and_
Houston-based_Enron, a global_energy company. GE,_the first Old Economy_firm
to endorse_and_use reverse mentoring in the United States, began a formal
program two years ago_after_chief executive_officer_Jack_Welch introduced the
concept. The_company has since paired dozens_of workers_in a push to bring
key people into_the_computer age and_expand the company's market to include
cyberspace.
Procter &_Gamble began encouraging IT employees to_participate in an_informal_
reverse_mentoring program last year._"Because technology changes so rapidly,
individuals_pair up with people who seem_to be more adept at the latest_
application," said P&G spokeswoman Vicky Mayer._
Meanwhile, in Philadelphia, the Wharton_School has_implemented a program that
helps_top executives from_around the_world bring New_Economy practices into
Old Economy firms._One feature of_the e-fellows program: Mentoring sessions
staffed_by_MBA students in_their_20s_who share_their knowledge with_seasoned_
corporate leaders._
Wharton_e-fellows learn how to use the_Internet_to reshape their firms. Over
the course_of three weeks, e-fellows_spend_time at the business_school's
Philadelphia campus, in Silicon_Valley, and at an international site._The
program_began in_September.
Executives are paired with MBA students in a one-on-one match._"Typically,
these students are Internet savvy_and they live in_a world_where_e-business
and business_are_synonymous," said_Neil Neveras, director of e-business at
Wharton's_e-fellows program._
Mary Dolan, a 37-year-old manager at_Random House, was among_the_first
Wharton e-fellows to participate in_the program last year.
"My background_was more publishing driven than_e-commerce_driven,"_said Ms.
Dolan, now director_of e-book sales for the New_York publisher. "The_program
gave me a broader grasp and_view_of the world at large, beyond_the_niche area
of publishing."
Ms. Dolan_was_paired_with 27-year-old David Turrettino, then_a first-year MBA
student


MA) Amendment on Enforcement -- Approved by voice
vote.  Another confusing vote, in which many members did not understand the
changes being made, but agreed to it on the condition that clarifications be
made before Senate floor action.  Late last night, Enron led a group
including companies from INGAA and AGA in providing comments to Senator Kerry
which caused him to make substantial changes to his amendment before it was
voted on at markup, including dropping provisions allowing citizen suits and
other troubling issues.   In the end, the amendment that passed was
acceptable to industry.

4)  Sen. Sam Brownback (R-KS) amendment on Advisory Council Pilot Program --
Rejected 12 to 4.   Brownback's amendment would have replaced the Advisory
Council Pilot Program as proposed in the substitute text with a requirement
that already existing technical advisory committees to OPS be required to
meet regionally.   There was a good debate on the issue, but Senator Gorton
made a strong plea to members that the new Advisory Councils would only be a
pilot program and would not have any binding role.   He also agreed to work
with industry on improvements, such as representation of pipelines on the
councils, before Senate floor action.

5)  Brownback amendment on State Role -- Rejected 10 to 9.   This amendment
was written by Enron and El Paso, striking language from the bill that was
overly broad in suggesting that a State had oversight authority over "other
activities" beyond proper areas like accident investigation,
construction-related activities, and inspection.   There was a heated debate,
with Brownback and Breaux making excellent arguments for us, but in the end
we were 1 vote short.  In fact 2 Democrats switched their votes at the last
minute to tip the balance.   I have already had discussions with Senate staff
after the markup indicating that this language will need to be fixed to our
satisfaction before Senate floor action.

6)  Sen. Ron Wyden (D-OR) amendment increasing public right-to-know
requirements -- Approved by voice vote.   This amendment increases the kinds
of information that need to be made widely available to the public.
Because of a state of confusion in which many of the Senators left

MA) Amendment on Enforcement -- Approved by voice
 vote.   Another confusing vote, in which many extremity did not sympathize the
 changes being made, but match to it on the circumstance that clarifications be
 made before Senate floor action.   deep last night, Enron contribute a group
 including companies from INGAA and AGA in put up comments to Senator Kerry
 which caused him to seduce substantial changes to his amendment before it was
 voted on at markup, including dropping provisions allow citizen suits and
 other troubling issue.    In the end, the amendment that passed was
 acceptable to industry.

 4)   Sen. Sam Brownback (R - KS) amendment on Advisory Council Pilot Program --
 reject 12 to 4.    Brownback's amendment would have replaced the Advisory
 Council Pilot Program as proposed in the substitute text with a requirement
 that already exist technical advisory committees to OPS be required to
 meet regionally.    There was a good debate on the issue, but Senator Gorton
 made a strong plea to members that the new Advisory Councils would only be a
 pilot program and would not have any binding role.    He besides agree to work
 with diligence on improvement, such as theatrical performance of pipelines on the
 councils, before Senate floor action.

 5)   Brownback amendment on State Role -- Rejected 10 to 9.    This amendment
 was written by Enron and El Paso, striking language from the bill that was
 excessively broad in suggesting that a State had oversight authority over " other
 activities " beyond proper areas like accident investigation,
 construction - related action, and inspection.    There cost a heated debate,
 with Brownback and Breaux making excellent arguments for us, but in the end
 we were 1 vote light.   In fact 2 Democrats switched their votes at the last
 hour to tip the balance.    I have already had discussions with Senate staff
 after the markup argue that this language will want to be fixed to our
 satisfaction before Senate floor military action.

 6)   Sen. Ron Wyden (D - oregon) amendment increasing public right field - to - know
 requirements -- approve by voice vote.    This amendment increase the kinds
 of data that need to be made widely available to the populace.
 Because of a state of confusion in which many of the Senators left

MA) Wmendment on Enforcement -- Approved by voice
vove.  Anofher conwusing vote, in which many melbwrs dud not understand the
zhanges bving made, but qgreed to mf on thc consltion vhat clarificatlons be
mada before Senata wllor action.  Late last night, Enron lqd a grpuo
including coipanpef frkm INGAA and AGA in providing commsnts to Senator Kerru
which caused him to make subdtantial changes tl his amendnent vefore it war
voted on at markup, ihcluding dropping provisions aluowiny citizen sonrs wtd
other triubligg issues.   Lm the and, the amendment thab pasved was
acceptable to invustry.

4)  Sen. Sam Browgback (R-KS) ajendment on Advisirt Coutcil Pilur Pfogdak --
Rejeched 12 to 4.   Brkwnback's amwndment would have te[oaced the Advjsory
Sotncil Pilot Program as proposed in the vubatitute text with a reqyirement
that already existing technical advisory committees to OPS be required to
mxeg rtgljvqlpy.   There was a good debate on the issue, but Aemanor Gorton
made a strong ples ho iembers that jhe new Adbisory Councils wokld onli be a
pilot prjgrak and would not have any bibding role.   Ye also agreed to cork
with inbustry on ikprovements, such as repxesentztion of pioelines oh the
councils, beworv Setate floor action.

5)  Brownbask amendmxnt ou State Fole -- Rejested 10 to 9.   This amendment
was wrihten yy Enson and El Paso, striking language from thx bill that wss
ovvrly broab in smggesting that w State had ovgrsight abthorigy over "otger
actmvities" beyogd proper aredd like accidxnt inveseigarion,
constrjztion-related avtivities, and inspextion.   There was e hexfed debate,
with Briwnback and Bresux mahijg evwellent argukentr fut us, cut in uke cnd
we eere 1 vote short.  In facf 2 Democrats switcneq their cotes at the last
minite to tip the balwnce.   I have alteady had discussions with Senafe staff
wftcr the markup indlcatyng that tkis language will need to be fixed to ouc
satisfaction before Swnate floor action.

6)  Xen. Ron Wydxn (D-OR) amendmend increasing public eight-to-know
requivements -- Approved by vkice vmte.   This amendment increases the kinds
of information that need to be made wudely evwilable to fhe lublib.
Becaufe oh e state of confuspon in which many of the Senatorr left

MA) Amendment on Enforcement -- Approved by Another vote, in many members did made, agreed to it the condition that be made before Senate floor action. last night, Enron led a group including companies from INGAA and AGA in comments to Senator Kerry which caused him to make substantial changes to his before was on markup, including dropping provisions allowing citizen suits and other troubling issues. In the end, the amendment passed was acceptable to industry. 4) Sen. Sam (R-KS) amendment on Advisory Pilot Program -- Rejected 12 4. amendment would replaced Advisory Pilot Program as in the substitute text with a requirement that already existing technical advisory committees to OPS be required meet regionally. a good on issue, Senator Gorton made plea to members that the new only be a pilot program and would not any binding He also agreed to work with on improvements, such as representation of pipelines on councils, before Senate floor action. 5) Brownback amendment on State Role -- Rejected 10 to amendment was written by and El Paso, language the that overly broad suggesting that a State had oversight authority over "other activities" beyond areas like accident investigation, construction-related activities, and inspection. There was debate, Brownback and Breaux excellent arguments for us, in end we were 1 In 2 votes the minute to tip the I have already had discussions Senate staff after the will need to be fixed to our satisfaction Senate floor action. 6) Sen. Ron Wyden amendment increasing public right-to-know requirements -- Approved by voice vote. This amendment the kinds that need to be made widely available to public. Because of a of confusion in which many of the Senators left

MA) Amendment on Enforcement -- APproved by vOice
vOte.  anoThEr coNfusIng vote, in which MAny mEmbers did not understand The
chAnGEs beINg Made, bUt agreeD To IT On tHe CoNdiTiON tHat clAriFicatioNs be
made beForE SEnate floor acTIoN.  Late last nIghT, Enron led a grOup
IncludInG coMPanieS frOm INGaA and Aga in proViding comMeNTs to SeNAtor KerRY
WhIch cAused him to make subSTaNTial changes to hIs amenDmENt BEForE it Was
voted on At MarkuP, IncludiNG dROPPinG Provisions allOwing citizeN SuiTs and
oThEr tROublinG issuEs.   iN thE end, the amenDmenT that passEd was
aCCeptablE To indusTry.

4)  Sen. sam broWnbaCK (R-kS) AmeNdMEnt ON ADviSOry council PIlOt progrAm --
ReJECTEd 12 to 4.   broWnbaCk's amEndment would hAve ReplACed The AdVisorY
CouNcIl PilOt ProgRam as PrOposed in the subsTituTe text witH a rEqUirEmEnt
thAT alreaDy eXisTing tecHnical aDVisOrY COMmIttees to OPS be requiReD TO
mEet regioNally.   THErE wAS a good deBaTe oN the ISSue, buT SenAToR Gorton
mAde a stROnG pLea to meMbErs thaT tHe nEw ADvisoRY CouNcils wOuld only Be a
piLOt program and woULd not have any bINdING rOLe.   He AlsO agreed to woRk
wiTH indUstrY On ImpROvemeNts, suCh AS rEPresentation of pipelInEs on thE
counCils, before SenAte floor acTION.

5)  BrownbaCk amENdMEnt on State Role -- rejecTed 10 to 9.   This aMEndment
wAs wriTten by EnRon and El PASO, strikinG laNguAge FroM THe Bill that was
ovERLy brOaD in suggEstIng that A StAte Had OveRsIght authoRity over "OtHeR
aCtIviTies" bEYond propEr AreAs LikE acciDEnt invEstigAtioN,
cOnSTruCtion-reLAtED ActiViTiEs, anD inSpEctioN.   TheRE waS a heateD debate,
wiTh BROwnbAcK aNd BreauX making excellEnT arguments FoR us, But in tHE End
we werE 1 vote short.  In fact 2 DemocraTS switchEd tHeir vOtes At the last
MinUte to tIp tHE balanCe.   I havE alreAdY haD DIscusSIOnS wiTh senate stafF
AFteR the mArKup iNdicatiNg that this language WIll Need to be fixed To oUr
saTISfActIOn BEfoRe sEnaTE Floor action.

6)  Sen. ROn Wyden (D-OR) AmENdMent increaSIng PuBlic rigHt-to-knoW
requIRements -- approved bY voice votE.   THis aMENdmEnt increasEs the kinDs
of inforMAtion THaT need To bE made wIdEly AvailAble to THe pUblic.
becausE oF a statE of coNfUsion in wHich many of the Senators leFt

MA) Amendment on Enforceme nt -- Appr ovedbyvoi ce
vo te. Another confu s ingvote, in which many me mbers  d i d no t  u nders tand th e  c h ang es  b ein gm ad e, bu t a greed t o it on th e c on dition thatc la rification s b e
made befo reSenate  f loo r  acti on.   Lat e last night,  Enron le da  group
includ i n gcomp anies from INGAAa nd AGA in providi ng com me n ts t o S ena tor Kerry
w hichc aused h i mt o mak e  substantialchanges toh isamendm en t b e fore i t was  v ote d on at mar kup,  includin g drop p ing pro v isionsallowi ngcit izen su it s a nd
ot h er  tr o ubl ing issu es .  Inthee n d ,  the  am endm ent t hat passed wa s acce p tab le to  indu stry .
4) Sen. S am Br ow nback (R-KS) am endm ent on Ad vis or y C ou ncilP ilot P rog ram  --
Re jected1 2 t o4 .  Brownback's amendm en t wo uld have  repla c ed  t h e Adviso ry
C ounc i l  Pilo t Pr o gr am as pr oposed in  t he subs ti tute t ex t w ith  a re q uire ment that alr eadye xisting techni c al advisory c o mm i t te e s to  OP S be requir ed t o
me et r e gi ona l ly.  Ther ew as a good debate on th eissue,  butSenator Gorto n
made as t r ong plea  tom em b ers that the n ew Ad visory Cou n cils wou ld on ly be a
pilot pr o g ram andwou ldnot  ha v e  a ny binding ro l e .  He  also a gre ed to w ork
w ith  in du stry on i mproveme nt s,  s uc h a s rep r esentati on  of  p ipe lines on the
cou ncil s,  b e for e Senat e  f l o or a ct io n.
5) B rownb acka men dment o n State R ole -- R ej ec ted 10to 9.   Thisam endment
w as  wr ittenb y  Enron a nd El Paso, striking la n guage f rom  thebill  that was
o verlybro a d in s uggest ing t ha t a S tateh a dove rs ight autho r i tyover"o ther
activ ities" beyond prop e r a reas like acc ide nt i n v es tig a ti o n,
c o nst r u ction-related a ctivities,  a n dinspection .   Th ere was  a heat ed de b ate,
w ith Brown back andBr eaux m aki ng excelle nt argum ents foru s, bu t  i n the  en d
wewe re1 vot e shor t . In fa ct 2 D em ocrats  swit ch ed their  votes at the last
min ute to  tipthe  balance.   I  ha ve alread y ha d discussi ons  wi th Se nat e  staf f
a f te r t h e mar kupi ndicating th att h is  language w i l l  ne ed to  be fixedto o ur
satisfactionb efore Senate f loor a cti on.
6) S en. Ron Wyden(D- OR ) amendmen tincreasingpublic r ig h t-to- know requir ements- -  A p proved  byvoi ce vote.  T hi s  amendm en ti ncreas es t he  kinds
of i n form a t ion that need to  be m a d e wid e lyavail ab le to t h e pu blic.    Because ofa stat e of  conf usion i nwhichman yof the Sen a tors left

MA) Amendment_on Enforcement_-- Approved by voice_
vote. _Another_confusing vote,_in_which many members_did not understand_the
changes being made,_but agreed to_it_on the condition that clarifications be
made before Senate floor action.  Late last_night,_Enron led_a_group_
including companies from INGAA and_AGA in providing comments to_Senator Kerry_
which caused him to make substantial changes to_his_amendment before it_was
voted on at markup, including dropping provisions allowing_citizen suits and
other troubling issues._  In_the_end,_the amendment that passed_was
acceptable to industry.

4)  Sen._Sam Brownback (R-KS) amendment on Advisory_Council Pilot Program --
Rejected 12 to_4.   Brownback's amendment would_have replaced the Advisory
Council_Pilot Program_as proposed in the substitute_text with a_requirement
that_already existing technical_advisory committees to OPS be required_to
meet regionally._  There was a good_debate_on the issue,_but_Senator_Gorton
made_a strong plea_to_members that_the_new Advisory Councils would only be_a_
pilot program and would not have any_binding role.  _He_also agreed to work_
with industry on improvements, such_as representation of pipelines on the_
councils, before_Senate floor_action.

5)  Brownback amendment on State Role -- Rejected 10 to_9.   This amendment
was_written by Enron and_El Paso,_striking_language from the_bill_that was_
overly broad in suggesting that a State_had oversight_authority over "other
activities" beyond proper_areas like accident investigation,_
construction-related_activities, and inspection.   There_was a heated debate,
with Brownback_and Breaux making excellent arguments_for_us,_but in the end
we_were 1 vote short.  In_fact 2 Democrats_switched their votes at the last
minute_to_tip the balance.   I_have_already had discussions with Senate staff_
after_the_markup indicating that this language_will need to be fixed to_our
satisfaction before Senate floor action.

6)  Sen. Ron_Wyden (D-OR) amendment_increasing public right-to-know
requirements --_Approved_by_voice vote.   This amendment increases the kinds
of_information that_need to be_made widely available to the public.
Because_of a state of confusion in which_many of the Senators left


 issues may be
quite different from generaters and suggested we work together.  The
Generators have already given some public data tothe CPUC.  He says Dynegy is
likely to argue that this type of analysis should not be done by the CPUC,
but by the Market Surveillance Committee or someone of that ilk.

I'll keep you posted as I learn more. With the attached note, all analysts' estimates posted on First Call are
after the mark-to-market impact.  After third quarter earnings were released,
we told the analysts few transactions would be marked-to-market at year end.
As a result, we would expect mark-to-market to be negative in the fourth
quarter also.

With Dain Rauscher's revisions, the concensus is $0.03 for the fourth quarter
of 1999 and $0.24 for the full year.

Scott

---------------------- Forwarded by Scott Vonderheide/Corp/Enron on
02/07/2000 02:22 PM ---------------------------

"Easterbrook, Mark" <MSEasterbrook@DainRauscher.com> on 02/07/2000 10:28:48 AM
To: "Scott D. Vonderheide (E-mail)" <svonder@enron.com>
cc:

Subject: FW: B Aggr; REJIGGERING EOTT ESTIMATES TO REFLECT MARK-TO-MARKET

Mark Easterbrook, CFA
DRW-Equity Research (Dallas)
ph: 214-989-1408; fax: 214-989-1388
mseasterbrook@dainrauscher.com

-----Original Message-----
From: DRWMercury@dainrauscher.com [mailto:DRWMercury@dainrauscher.com]
Sent: Monday, February 07, 2000 7:43 AM
To: researchfinalnote@dainrauscher.com
Subject: EOT:B Aggr; REJIGGERING EOTT ESTIMATES TO REFLECT
MARK-TO-MARKET

Dain Rauscher Wessels
a division of Dain Rauscher Incorporated

  * We are adjusting our 1999 and 4Q99 earnings/DCF estimates to reflect
mark-

issues may be
 quite different from generaters and suggested we work in concert.   The
 Generators have already render some public data tothe CPUC.   He says Dynegy is
 probable to argue that this type of psychoanalysis should not be done by the CPUC,
 but by the Market Surveillance Committee or someone of that ilk.

 I'll retain you posted as I learn more. With the attach note, all analysts' estimate posted on First Call are
 after the mark - to - marketplace impingement.   After third quarter earnings were released,
 we told the analysts few minutes would be marked - to - market at year conclusion.
 As a result, we would expect mark - to - market to be damaging in the fourth
 quarter also.

 With Dain Rauscher's revisions, the concensus is $ 0.03 for the fourth quarter
 of 1999 and $ 0.24 for the full class.

 Scott

 ---------------------- Forwarded by Scott Vonderheide / Corp / Enron on
 02/07/2000 02:22 PM ---------------------------

 " Easterbrook, Mark " < MSEasterbrook@DainRauscher.com > on 02/07/2000 10:28:48 AM
 To: " Scott D. Vonderheide (E - mail) " < svonder@enron.com >
 cc:

 Subject: FW: B Aggr; REJIGGERING EOTT estimate TO REFLECT MARK - TO - MARKET

 Mark Easterbrook, CFA
 DRW - Equity Research (Dallas)
 ph: 214 - 989 - 1408; fax: 214 - 989 - 1388
 mseasterbrook@dainrauscher.com

 -----Original Message-----
 From: DRWMercury@dainrauscher.com [ mailto:DRWMercury@dainrauscher.com ]
 Sent: Monday, February 07, 2000 7:43 AM
 To: researchfinalnote@dainrauscher.com
 Subject: EOT: B Aggr; REJIGGERING EOTT ESTIMATES TO REFLECT
 MARK - TO - MARKET

 Dain Rauscher Wessels
 a division of Dain Rauscher Incorporated

   * We are adjusting our 1999 and 4Q99 net income / DCF estimates to reflect
 mark-

 isdues may be
quite differtnt from generatets and snggestes we wory together.  The
Generators heve qlreaey given some public dxta tothe CPUC.  Hw sabs Dynegy is
likxmy to avyue tgwt tkiw type of analisis should tot be done by tfe CPUC,
but by the Market Surveillancq Commiytfe or someone jf tnwt imk.

I'll keep you posted as I learn mkre. Witi the attached mote, all analysts' estimated podted on First Call are
after jge iqrk-to-market kmpact.  Afuex third quatter earnings were released,
we tuld tke analysts fww htansactions xould fe marked-to-market at year emd.
As a resulb, we xoule expect mark-to-market to be negative in the fourdh
quarter also.

With Dqin Rduscver's eevksiknx, fhe cojceisus is $0.03 fod the fourty quarter
of 1999 and $0.24 gow the full yead.

Scott

---------------------- Fjrwarded by Scott Vonderheide/Corp/Enron mn
02/07/2000 02:22 PM ---------------------------

"Easterbrook, Mark" <MWEasterbrook@DainRauscjer.com> on 02/07/2000 10:28:48 AM
To: "Scott D. Vonderheide (E-mail)" <svonder@enron.com>
wc:

Snbgecu: NR: V Wggr; REJIGGERING EOTT ESTIMATES TO REFLECT MAWI-TP-MSRKET

Mark Eastcrbrook, CFA
DRW-Equiyy Rrfearch (Dallas)
kh: 214-989-1408; fax: 214-989-1388
mssasterbrook@dainraudcher.coi

-----Origunal Messwge-----
Ftom: DRWMercury@dainrauscher.cim [mailto:DRWIwrcury@dainrauscher.eom]
Sent: Mondcy, Febtuary 07, 2000 7:43 AM
To: researchfinalnoce@daindauscher.com
Dubject: EKG:B Aggr; REJIGGERKNG EMTT ESTIMATES TO REFLECT
MAWK-TO-MARKEV

Dain Rauschdr Wgssels
a division lf Dalt Rauscher Incorpogated

  * We are aduusting our 1999 and 4Q99 earnings/DCF xxtimates to tefnecn
mark-

issues may be quite different from generaters we together. The have already given He Dynegy is likely argue that this of analysis should not be done the CPUC, but by the Market Surveillance Committee or someone of that ilk. keep you posted as I learn more. With the attached note, all analysts' posted First are the mark-to-market impact. After third quarter earnings were released, we told the analysts few transactions would marked-to-market at year end. As a result, we expect mark-to-market to be in the fourth quarter also. Dain revisions, the is for fourth quarter of and $0.24 for the full year. Scott ---------------------- Forwarded by Scott Vonderheide/Corp/Enron on 02/07/2000 02:22 PM --------------------------- Mark" <MSEasterbrook@DainRauscher.com> 10:28:48 AM "Scott Vonderheide <svonder@enron.com> cc: Subject: Aggr; REJIGGERING EOTT ESTIMATES TO REFLECT CFA DRW-Equity Research (Dallas) ph: 214-989-1408; fax: 214-989-1388 -----Original Message----- DRWMercury@dainrauscher.com [mailto:DRWMercury@dainrauscher.com] Sent: Monday, February 07, 7:43 AM To: researchfinalnote@dainrauscher.com Subject: EOT:B Aggr; REJIGGERING ESTIMATES TO REFLECT MARK-TO-MARKET Dain Rauscher Wessels a division of Dain Rauscher Incorporated * We our 1999 and 4Q99 estimates to reflect

 issues may be
quite different From generaTers aNd sUggEsTed wE worK together.  The
GeNEratOrs have already given somE publIc DAta tOThE CPUC.  he says DYNeGY Is
lIkElY to ArGUe That tHis Type of aNalysis shoUld NoT be done by the cpUc,
but by the MArkEt SurveillanCe COmmittEe Or sOMeone Of tHat ilK.

I'll keEP you poSted as I leArN More. WiTH the attACHeD notE, all analysts' estimATeS Posted on First CAll are
AfTEr THE maRk-tO-market impAcT.  AfteR Third quARtER EArnINgs were releasEd,
we told the ANalYsts feW tRanSActionS woulD bE MarKed-to-market At yeAr end.
As a rEsult, wE Would exPEct mark-To-markEt tO be NegaTIvE iN thE fOUrtH
QuArtER alSo.

With DaIn raUscheR's reVISIOns, tHe cOnceNsus iS $0.03 for the fourth QuaRter
OF 1999 anD $0.24 for tHe fulL yeaR.

SCott

---------------------- FOrwardEd by SCoTt Vonderheide/CoRp/EnRon on
02/07/2000 02:22 PM ---------------------------

"EaSteRbRooK, MArk" <MSeAsterbRooK@DaInRauscHer.com> oN 02/07/2000 10:28:48 aM
TO: "SCOTT D. vonderheide (E-mail)" <svOnDER@eNron.com>
cC:

SubjeCT: Fw: B aGgr; REJIGgErINg EOTt esTIMAtES To rEfLECT MARk-TO-MARkeT

maRk EasteRbRook, CFa
DrW-EQuiTy ResEArch (dallas)
Ph: 214-989-1408; fax: 214-989-1388
mseAsterBRook@dainrauschER.com

-----Original MESsAGE-----
FROm: DRwMeRcury@dainraUschER.com [MailTO:DrWMERcury@DainrAuSChER.com]
Sent: Monday, FebruArY 07, 2000 7:43 AM
To: rEsearChfinalnote@daInrauscher.COM
subject: EoT:B AGGr; reJIGGERING EOTT eSTIMaTES TO REFLecT
MARK-TO-mARKEt

Dain RauScher WessELS
a divisiOn oF DaIn RAusCHEr incorporated

  * WE ARe adJuSting ouR 1999 anD 4Q99 earniNgs/dCF EstImaTeS to reflecT
mark-

 issues may be
quite diff erent from  gene rat ers  a nd s ugge sted we work t o geth er.  The
Generators h ave a lr e adyg iv en so me publ i cd a tato th e C PU C . He s ays  Dynegy  is
likel y t oargue that t h is  type of a nal ysis shouldnot  be do ne  by the C PUC ,
bu t by t h e Mark et Survei ll a nce Co m mitteeo r  s omeo ne of that ilk.
I 'l l  keep you post ed asIl ea r n  mo re.  With theat tache d  note,a ll a n aly s ts' estimates  posted onF irs t Call  a reafterthe m ar k -to -market imp act.   After t hird q u arter e a rningswere r ele ase d, w eto ldth e  an a ly sts few  transac ti on s wou ld b e m a rked -to -mar ket a t year end.
As  a r e sul t, we  woul d ex pe ct ma rk-to- marke tto be negativein t he fourth
q ua rte ralso.
WithDai n R auscher 's revi s ion s, t h econcensus is $0.03  f o r  t he fourt h quar t er  o f 1999 a nd  $0 .24f o r the  ful l  y ear.

Sc ott

- - -- -- ------- -- ------ -For war ded b y  Sco tt Von derheide /Corp / Enron on
02/0 7 /2000 02:22 P M  - - - -- - ---- --- ----------- ---
"Ea ster b ro ok, Mark"  <MSE as t er b rook@DainRauscher.c om > on 0 2/07/ 2000 10:28:48  AM
To: "S c o t t D. Von derh e id e  (E-mail)" <sv onder @enron.com >
cc:
Subje ct: FW:B Aggr; R E J IGGERING  EO TTEST IMA T E STO REFLECT MA R K -TO- MA RKET

M ark Eas ter bro ok,  CF ADRW-Equit y Resear ch  ( Da ll as)
ph:2 14-989-1 40 8;fa x:214-9 8 9-1388
msea ster br oo k @da inrausc h er . c om

- -- --Or igi na l Mes sage - --- -
From:  DRWMercu ry@ d ainr au sc her.com  [mailto:DRWM er cury@dainr au sch er.com ] Sent: Mo nday, February 07, 2000 7:43 AM
To : res earc hfinalnot e@d ainrau sch e r.comSubjec t: EO T: B A g g r; RE J I GG ERI NG  EOTT ESTI M A TES  TO R EF LECT
MARK-T O-MARKET

Dain Ra u sch er Wessels
adiv isio n of  Da i nR aus ch e r I n c orporated

  *We are adj us t in g our 1999 and  4 Q99 ear nings/D CF es t imatesto reflec t
mark-

 issues_may be_
quite different from generaters_and suggested_we_work together.__The
Generators have_already given some_public data tothe CPUC._ He says_Dynegy_is
likely to argue that this type of analysis should not be done by_the_CPUC,
but_by_the_Market Surveillance Committee or someone_of that ilk.

I'll keep you_posted as_I learn more. With the attached note, all_analysts'_estimates posted on_First Call are
after the mark-to-market impact.  After_third quarter earnings were released,
we_told the analysts_few_transactions_would be marked-to-market at_year end.
As a result,_we would expect mark-to-market to be_negative in the fourth
quarter also.

With Dain_Rauscher's revisions, the concensus is $0.03_for the fourth quarter
of_1999 and_$0.24 for the full year.

Scott

----------------------_Forwarded by Scott_Vonderheide/Corp/Enron on_
02/07/2000 02:22 PM_---------------------------

"Easterbrook, Mark" <MSEasterbrook@DainRauscher.com> on 02/07/2000 10:28:48_AM
To: "Scott D._Vonderheide (E-mail)" <svonder@enron.com>
cc:

Subject: FW:_B_Aggr; REJIGGERING EOTT_ESTIMATES_TO_REFLECT MARK-TO-MARKET

Mark_Easterbrook, CFA
DRW-Equity Research_(Dallas)
ph:_214-989-1408; fax:_214-989-1388
mseasterbrook@dainrauscher.com

-----Original_Message-----
From: DRWMercury@dainrauscher.com [mailto:DRWMercury@dainrauscher.com]
Sent: Monday, February 07,_2000_7:43 AM
To: researchfinalnote@dainrauscher.com
Subject: EOT:B Aggr; REJIGGERING EOTT_ESTIMATES TO REFLECT
MARK-TO-MARKET

Dain Rauscher_Wessels
a_division of Dain Rauscher_Incorporated

  * We are_adjusting our 1999 and 4Q99 earnings/DCF_estimates to_reflect
mark-
 _


 started school here in Newport, RI.  Next I'l
spend 3 months in Northern VA going to school.  Then, I'll meet my ship in
the Persian Gulf for a fun filled 4 months in the Desert.  I'm getting
pretty down on the Navy and may be considering a job change in the next two
years.  Well, to answer your question, Michele and I have three kids now.
Kelly is four, Carson is three, and Katherine (Kate) is two months (born
4/15/99).  I figure we're done for now but will have to check back when Kate
is too big to cuddle.  Good to hear George and Ernie are still doing well.
Crazy days we had together.  Funny how we all tend to grow up eventually.
My parents are fine.  They are almost finished with the house on the ranch.
When that is done, they plan to move out there permanently.  John is working
semi-part time as a governemnt employee counting fish on alaskan fishing
boats.  Dangerous job/low pay.  But he likes it and he has his summers for
surfing expeditions (i.e.  he is still bumming around).   Mark is the
biggest suprise, he went back to school and got a Masters degree in library
science and information technology.  He did really well and now has a job
with Microsoft working as an archiver (apparently librarians and computer
geeks too now).  Hey good to hear from you.   don't know when/how we can
work in a visit.  Possibly after March next year unless you're out in San
Diego while Im in the Gulf and you can look Michele up.  Keep in touch and
well work something out.  Take care Gerald.  Paul. Business; Financial Desk
California Consumer Groups Seek Rate Protection Electricity: Activists push
legislators to promise that customers won't be forced to cover rising
wholesale costs.
NANCY RIVERA BROOKS
?
09/27/2000
Los Angeles Times
Home Edition
Page C-2
Copyright 2000 / The Times Mirror Company
Consumer activists on Tuesday blasted increasingly aggressive strategies by
Southern California Edison and the state's other big utilities to recover

started school here in Newport, RI.   Next I'l
 spend 3 months in Northern VA going to school.   Then, I'll meet my ship in
 the Persian Gulf for a playfulness satiate 4 months in the Desert.   I'm get
 reasonably down on the Navy and may be considering a job change in the following two
 years.   Well, to answer your doubt, Michele and I have three kids immediately.
 Kelly is four, Carson is three, and Katherine (Kate) is two months (born
 4/15/99).   I visualize we're suffice for now but will have to check back when Kate
 is too big to cuddle.   full to hear George and Ernie are still doing well.
 brainsick days we had in concert.   Funny how we all tend to mature up eventually.
 My parent are fine.   They are almost finished with the family on the ranch.
 When that is done, they plan to move out there permanently.   John is working
 semi - part time as a governemnt employee counting fish on alaskan fishing
 boats.   Dangerous job / low pay.   But he likes it and he has his summers for
 surfing expeditions (i.e.   he is still mooch around).    Mark is the
 biggest suprise, he blend back to school and catch a Masters degree in library
 science and information technology.   He did really well and now has a caper
 with Microsoft working as an archiver (apparently librarians and computer
 geeks too immediately).   Hey good to hear from you.    don't know when / how we can
 work in a sojourn.   Possibly after March next class unless you're out in San
 Diego while I m in the Gulf and you can look Michele up.   Keep in touch and
 well work something out.   Take caution Gerald.   Paul. Business; Financial Desk
 California Consumer Groups Seek Rate Protection Electricity: Activists crusade
 legislators to promise that customers won't be forced to shroud rising
 sweeping costs.
 NANCY RIVERA BROOKS
?
 09/27/2000
 Los Angeles Times
 Home Edition
 Page C-2
 Copyright 2000 / The Times Mirror Company
 Consumer activists on Tuesday blasted increasingly aggressive strategies by
 Southern California Edison and the state's early big utilities to recover

 stwrted school here in Newkort, RI.  Next I'l
skebd 3 moiths in Northerv VA going to school.  Then, I'pl meet my ship in
the Persian Gulf for a fun fullev 4 months in the Desert.  I'm gefbing
pxevty down on the Navy and kay be considesivg a job change in the next two
years.  Well, tp wnswer your qugstiom, Micgvlt and I have three kids now.
Kelly js four, Carson is thtee, and Katherine (Kate) is hwo lonths (born
4/15/99).  I figkre we're dobe fje now but wiul have to check back shen Kate
is too big to cuddle.  Eood co hear Geotyw ajg Ernie are stilj doing well.
Ggazy dafs we hsd together.  Fmnny iow qe all tend to grow u' eventually.
My parenjs are fina.  They are almost dibisheg widh tfw huust oi tge ranfh.
Wien that is done, they plan to move out thtre irrmanently.  Nohn if rorking
semi-part time as a governemnt emkloyes counting fish on alasjan fishing
boats.  Danherous jof/low pay.  But he likes it and he has his summers xor
sucfkng ewpedkrilns (i.e.  he is still bumming around).   Mark is ege
ningest suprise, he went back yo svrool and got x Mastzds degree in library
dcience and unformatijn trchnology.  He did really weol and now hcs q job
with Microsofc working as an srchifer (apparently librariaus and computer
gefks too nkd).  Hey good to hdar fsom you.   don't know when/hor we can
wirk nn a viskt.  Kossiblr after Magch ncft year unless you'ge ouj in Sdn
Diego whlle Im in the Gulf and you can look Michele uk.  Neei in touck and
wcll work somethyng out.  Take eare Gercld.  Pxul. Busineas; Finaicial Desk
Cwlifornia Convomer Groups Sxek Rate [rotwctiin Elecgficity: Activisys push
lvgnslators ro promise that cuxtoosrs won't be foretd uo cover rising
ehoueswlv cpsev.
NANCY RIVERD BRUOKR
?
09/27/2000
Los Angeles Tinds
Hpme Edition
Page C-2
Cmpyrjght 2000 / The Times Morvor Compaby
Consuier activists on Tuesday blastef incceasinjly agbrefsive strategies by
Southern Czlifornia Edlson and the ftatc's ojher big utnlities to recover

started school here in Newport, RI. Next 3 in Northern going to school. in Persian Gulf for fun filled 4 in the Desert. I'm getting pretty on the Navy and may be considering a job change in the next years. Well, to answer your question, Michele and I have three kids now. is Carson three, Katherine (Kate) is two months (born 4/15/99). I figure we're done for now but will have check back when Kate is too big to Good to hear George Ernie are still doing well. days had together. how all to grow up My parents are fine. They are almost finished with the house on the ranch. When that is they plan out there John working time as a counting fish on alaskan fishing boats. But he likes it and he has his for surfing (i.e. he is still bumming around). is the biggest suprise, he went back to and got a Masters degree in library science and information technology. He did really well has a job with working as an (apparently and geeks now). Hey to hear from you. don't know when/how we can work in visit. Possibly after March next year unless you're out in while in the Gulf you can look Michele Keep touch and well work Take Gerald. Desk Consumer Seek Rate Protection Electricity: push legislators to promise that won't be forced to RIVERA BROOKS ? 09/27/2000 Los Angeles Times Home Page C-2 Copyright 2000 / The Times Company Consumer activists on Tuesday blasted increasingly aggressive strategies by Southern California and the big utilities to recover

 started school here in NewporT, RI.  Next I'l
sPend 3 mOntHs iN NOrthErn Va going to school.  tHen, I'Ll meet my ship in
the PersiAn GulF fOR a fuN FiLled 4 mOnths in THe dESerT.  I'M gEttInG
PrEtty dOwn On the NaVy and may be ConSiDering a job chANgE in the next Two
Years.  Well, to aNswEr your QuEstIOn, MicHelE and I Have thREe kids Now.
Kelly iS fOUr, CarsON is threE, ANd kathErine (Kate) is two monTHs (BOrn
4/15/99).  I figure we're Done foR nOW bUT WilL haVe to check bAcK when kAte
is toO BiG TO CudDLe.  Good to hear GEorge and ErnIE arE still DoIng WEll.
CraZy dayS wE Had Together.  FunNy hoW we all tenD to groW Up eventUAlly.
My pArents Are FinE.  TheY ArE aLmoSt FIniSHeD wiTH thE house on ThE rAnch.
WHen tHAT IS donE, thEy plAn to mOve out there peRmaNentLY.  JoHn is wOrkinG
semI-pArt tiMe as a gOvernEmNt employee countIng fIsh on alasKan FiShiNg
Boats.  dAngeroUs jOb/lOw pay.  BuT he likeS It aNd HE HAs His summers for
surfiNg EXPeDitions (i.E.  he is sTIlL bUMming aroUnD).   MaRk is THE
biggEst sUPrIse, he wenT back tO ScHoOl and goT a masterS dEgrEe iN librARy
scIence aNd informAtion TEchnology.  He did REally well and nOW hAS A jOB
witH MiCrosoft workIng aS An arChivER (aPpaREntly LibraRiANs ANd computer
geeks too nOw).  hey gooD to heAr from you.   don't Know when/hoW WE Can
work iN a viSIt.  pOssibly after MaRch neXt year unleSS you're ouT in SaN
Diego whIle Im in thE gUlf and yoU caN loOk MIchELE uP.  Keep in touch aND
Well WoRk sometHinG out.  TakE caRe GEraLd.  PAuL. Business; financiaL DEsK
CAlIfoRnia CONsumer GrOuPs SEeK RaTe ProTEction electRiciTy: acTIviSts push
LEgISLatoRs To PromIse ThAt cusTomeRS woN't be forCed to coveR riSIng
wHoLeSale cosTs.
NANCY RIVERA bRoOKS
?
09/27/2000
Los AngElEs TImes
HoME edition
PAge C-2
Copyright 2000 / The Times MiRRor CompAny
consuMer aCtivists oN TuEsday bLasTEd incrEasingLy aggReSsiVE StratEGIeS by
soUthern CaliFORniA EdisOn And tHe state'S other big utilities TO reCover

 started school here in Ne wport, RI.   Nex t I 'lsp end3 mo nths in Northe r n VA  going to school.  The n, I' ll meet my  ship  in
the Pe r s ian  G ul f f or afun f ill ed 4 mo nths in th e D es ert.  I'm ge t ti ng
prettydow n on the Nav y a nd may  b e c o nside rin g a j ob cha n ge inthe nexttw o
years .   Well, t oansw er your question, Mi c hele and I hav e thre ek id s now .
K elly is fo ur , Car s on is t h re e , and Katherine (Ka te) is twom ont hs (bo rn
4/ 1 5/99).   I f ig u rewe're donefornow but w ill ha v e to ch e ck back  whenKat e
i s to o  b ig  to  c u ddl e . Go o d t o hear G eo rg e and  Ern i e a re s til l do ing w ell.
Crazy da yswe h a d t ogeth er. Funn yhow w e alltendto  grow up eventu ally .
My pare nts  a refi ne. T hey ar e a lmo st fini shed wi t h t he h o us e on the ranch.
Wh en t ha t is don e, the y  p la n  to move  o utther e perma nent l y.   John i s work i ng
s emi-par ttime a sa g ove rnemn t  emp loyeecounting  fish on alaskan fis h ing
boats.  D a ng e r ou s  job /lo w pay.  But  hel ikes  ita nd  he has h is su mm e rs for
surfing expedit io ns (i. e.  h e is still bu mming arou n d ) .   Mark  ist he biggest supris e, he  went back to schoo l and  got a M asters de g r ee in li bra rysci enc e an d information t echn ol ogy.  H e d id real lywel l a ndno w has a j ob
withMi cr os of t w orkin g  as an a rc hiv er  (a ppare n tly li brari ansan dc omp uter
ge e ks t oo n ow ).   He y g oo d tohear fro m you.  don't k now when /h ow  we can
work in a vi si t.  Possib ly  af ter Ma r c h next y ear unless you're out i n  San
Di ego  whil e Im  in the G ulf  and y ouc an loo k Mich ele u p.   K e e p int o uc h a nd
well work s ome thing  o ut. Take c are Gerald.  Paul. Bus iness; Financ ial  Des k
C ali f or n iaCo n sum e r  Groups Seek Ra te Protect io n  E lectricity :  Ac ti vists p ush
le gisla t ors topromise t hat custo me rs w o n 'tbe forcedto cover  rising w holes a le  cost s.NANCYRI VER A BRO OKS
?09/ 27/20 00
Lo sAngele s Tim es
Home E dition
Page C-2
Copyr ight 2 000 /  Th e Times M irr o r C ompany
C onsu mer activi sts  on  Tues day blast ed i n cr eas i nglyaggr e ssive str a te gie s by
SouthernC a l ifo rniaEdi s on and  the  state's other bi g  utilities toreco v e r

 started_school here_in Newport, RI. _Next I'l
spend_3_months in_Northern_VA going to_school.  Then,_I'll meet my ship_in
the Persian Gulf_for_a fun filled 4 months in the Desert.  I'm getting
pretty down on the_Navy_and may_be_considering_a job change in the_next two
years.  Well, to_answer your_question, Michele and I have three kids now.
Kelly_is_four, Carson is_three, and Katherine (Kate) is two months (born
4/15/99). _I figure we're done for now_but will have_to_check_back when Kate
is too_big to cuddle.  Good to_hear George and Ernie are still_doing well.
Crazy days we had together. _Funny how we all tend to_grow up eventually.
My parents are_fine. _They are almost finished with_the house on_the ranch.
When_that is done,_they plan to move out there_permanently.  John_is working
semi-part time as a governemnt_employee_counting fish on_alaskan_fishing
boats._ Dangerous_job/low pay. _But_he likes_it_and he has his summers for
surfing_expeditions_(i.e.  he is still bumming around)._  Mark is_the
biggest_suprise, he went back_to school and got a_Masters degree in library
science and information_technology. _He did_really well and now has a job
with Microsoft working as an_archiver (apparently librarians and computer
geeks too_now).  Hey good_to hear_from_you.  _don't_know when/how_we can
work in a visit.  Possibly_after March_next year unless you're out in_San
Diego while Im in_the_Gulf and you can look Michele_up.  Keep in touch and
well_work something out.  Take_care_Gerald._ Paul. Business; Financial Desk_
California Consumer Groups Seek Rate Protection_Electricity: Activists push_
legislators to promise that customers won't be_forced_to cover rising
wholesale costs.
NANCY RIVERA_BROOKS
?_
09/27/2000
Los Angeles Times
Home Edition_
Page_C-2_
Copyright 2000 / The Times_Mirror Company
Consumer activists on Tuesday_blasted increasingly aggressive strategies by
Southern California Edison and_the state's other_big utilities to recover


structured transactions and to foster better deal quality.  We believe that
the primary objectives of the CTG have been achieved, and in order to better
position the organization for the remainder of 2000 and in response to Ray
Bowen,s new position, the following changes will be made in the Commercial
Transactions Group organization.

Transaction Development:  Transaction Development, which was created to
provide focused deal execution capability to the Origination groups, will be
merged into each respective origination group and report solely to the group
leaders.

Portfolio Management:  All activities surrounding portfolio investments will
report to Jeff Donahue.  Jeff will be responsible for ENA,s &capital book8
and will have a high level of involvement in existing portfolio investments
and will work closely with ENA Treasury and the various origination groups to
assure that new transactions (a) incorporate appropriate risk/return
characteristics, (b) are evaluated in the context of market based pricing
signals, and (c) incorporate a specific investment plan which includes
syndication of the investment, if applicable, and a specific exit strategy.
Portfolio Management includes Restructuring/Special Assets (Randy
Maffett/Dick Lydecker) and Capital Structuring (Andrea Reed).  Steve Pruett
(Energy Capital Resources), Chuck Ward (Generation Investments), Don Miller
(Merchant Generation), and Chris Helfrich (Coal and Industrial) will continue
to be responsible for day to day asset management for performing investments
and will report to their respective origination units with a dual report to
Jeff.  Jeff will retain his Corporate Development and Principal Investments
activities.

Commodity Structuring:  Commodity Structuring including Berney Aucoin (Power)
and Ed McMichael (Gas) will report to Janet Dietrich.  Janet will retain
responsibility for East Midstream Origination.  Commodity Structuring will
continue to work to facilitate and structure the highest priority and highest
value transactions across the entire ENA organization.

Technical/OEC:  The Technical Group (Wayne Mays/Bob Virgo), which provides
technical support to industrial and power generation asset development
activities, and

structured transactions and to foster better deal timbre.   We think that
 the chief objectives of the CTG have been achieved, and in orderliness to better
 position the arrangement for the remainder of 2000 and in response to Ray
 Bowen,s fresh position, the following change will be made in the Commercial
 Transactions Group organization.

 Transaction Development:   Transaction Development, which was created to
 provide focused deal execution capability to the origin groups, will be
 merged into each respective origination group and report entirely to the group
 leaders.

 Portfolio Management:   All activities surround portfolio investments will
 report to Jeff Donahue.   Jeff will be creditworthy for ENA,s &capital book8
 and will have a gamey level of involvement in existing portfolio investment
 and will work closely with ENA Treasury and the various origination groups to
 reassure that new transactions (a) incorporate appropriate risk / return
 characteristics, (b) are evaluated in the context of market based pricing
 signals, and (coke) incorporate a specific investment design which include
 syndication of the investing, if applicable, and a specific exit strategy.
 Portfolio Management includes Restructuring / Special Assets (Randy
 Maffett / Dick Lydecker) and Capital Structuring (Andrea Reed).   Steve Pruett
 (Energy Capital Resources), Chuck Ward (Generation Investments), Don Miller
 (Merchant Generation), and Chris Helfrich (Coal and Industrial) will continue
 to be responsible for day to day asset management for performing investment
 and will report to their respective origination units with a dual report to
 Jeff.   Jeff will retain his Corporate Development and Principal Investments
 activities.

 Commodity Structuring:   Commodity Structuring include Berney Aucoin (Power)
 and Ed McMichael (Gas) will report to Janet Dietrich.   Janet will retain
 responsibility for East Midstream Origination.   Commodity Structuring will
 continue to work to facilitate and structure the high priority and high
 value transactions across the entire ENA organization.

 Technical / OEC:   The Technical Group (Wayne Mays / Bob Virgo), which provides
 technical support to industrial and world power generation asset development
 activities, and

strkctured transactions and to foster bettgr deal xualitg.  We beuieve that
the primary objecvivew of uke CTG have been achkeved, and in ordee to vetter
posmfion thc orgzkizatnoi for the remaikder of 2000 ang in response do Rcy
Bowen,s new position, the following changex aill be made ig tht Cjmmedbicl
Transactions Group organizatjon.

Tranvaction Develppment:  Transaction Develoomenh, which was createf to
providg fosysed deal exdcution cakayility to tge Origination groups, will be
mdrged into each rwspfwtive origiiation group and rciort sonely to the group
leacerv.

Pirtfolio Management:  Ell activities surroonding pordfklio investments qiol
rekort do Jddf Aonzhne.  Jeff ailm be respohsible for WNA,s &capital book8
amd qill have a hjgh ledej of involvement in existing portfolio pnveatments
and will work coosely with ENA Treasory and thq various origination groups to
assure that new tsansartkonw (w) unforporate appropriate risk/return
characteristyds, (b) are evaluated in the conyedt jf market basgd pricnhg
signals, and (c) inclrporatg a spwcific indestkent plan which includes
sybdication of rhe investment, if cpplicable, aud a skecifiv exit strategy.
Portfouio Janagement lncludes Ddstructuring/Speckal Avsets (Randy
Maffett/Dick Lyqecker) anv Capntal Strjctuting (Anqrea Reed).  Stevc Pruett
(Energy Capltal Tesourwes), Chuck Aard (Generation Investments), Don Miller
(Merchamt Geteration), and Ghris Helfrich (Soal and Indusjrial) wilj conginue
to bv responsmble for day to day asset lanagement fmr perfowmint incestmengr
and will repprt to thvix respectuve origination unlts wkfh a dual reporc uo
Jeff.  Jeff wikl fetwij iis Cjsporate Devenopmdnt snd Pfincipal Inyesgmenys
activities.

Commodidy Sfructuring:  Commodotn Structuting incltding Berney Sucoin (Power)
and Ef McMmchael (Gas) eilj report to Janet Dietrich.  Jahet will getwin
responsifiliby fjr East Mibstream Origination.  Commodity Structuriig will
continue to wotk to facilitate and xuructure the iighese prioritf and highest
value rransactions acroxs the entire ENA orgznizathon.

Tefhnical/OEC:  The Technical Group (Wayne Mays/Bob Virgo), which provides
technixal su'pjrt to induatrisl ang 'owzr genewatili asset developmemt
activities, and

structured transactions and to foster better deal believe the primary of the CTG order better position the for the remainder 2000 and in response to Ray new position, the following changes will be made in the Commercial Transactions Group Transaction Development: Transaction Development, which was created to provide focused deal execution capability the groups, be into each respective origination group and report solely to the group leaders. Portfolio Management: All activities portfolio investments will report to Jeff Donahue. Jeff be responsible for ENA,s book8 and will have a level involvement in portfolio and work closely with Treasury and the various origination groups to assure that new transactions (a) incorporate appropriate risk/return characteristics, (b) evaluated in of market pricing and incorporate a specific which includes syndication of the investment, a specific exit strategy. Portfolio Management includes Restructuring/Special (Randy Maffett/Dick and Capital Structuring (Andrea Reed). Steve (Energy Capital Resources), Chuck Ward (Generation Investments), Don (Merchant Generation), and Chris Helfrich (Coal and Industrial) will continue to be responsible for day asset management for performing and will report their origination with dual report Jeff. Jeff will retain his Corporate Development and Principal Investments activities. Structuring: Commodity Structuring including Berney Aucoin (Power) and Ed McMichael report Janet Dietrich. Janet retain responsibility for East Origination. Structuring will continue to facilitate structure and value across the entire ENA Technical/OEC: The Technical Group (Wayne Virgo), which provides technical generation asset development activities, and

structured transactions and To foster beTter dEal QuaLiTy.  We BeliEve that
the primARy obJectives of the CTG have beEn achIeVEd, anD In Order To betteR
PoSITioN tHe OrgAnIZaTion fOr tHe remaiNder of 2000 and iN reSpOnse to Ray
BowEN,s New positioN, thE following chAngEs will Be MadE In the comMerciAl
TranSActionS Group orgAnIZation.

tRansactION DEvelOpment:  Transaction dEvELopment, which waS creatEd TO
pROVidE foCused deal eXeCutioN CapabilITy TO THe ORIgination grouPs, will be
merGEd iNto eacH rEspECtive oRiginAtIOn gRoup and repoRt soLely to the Group
lEAders.

PoRTfolio MAnagemEnt:  all ActiVItIeS suRrOUndINg PorTFolIo investMeNtS will
RepoRT TO jeff donAhue.  jeff wIll be responsiBle For Ena,s &cApitaL book8
And wIlL have A high lEvel oF iNvolvement in exiStinG portfoliO inVeStmEnTs
and WIll worK clOseLy with EnA TreasURy aNd THE VaRious origination grOuPS To
Assure thAt new tRAnSaCTions (a) inCoRpoRate APProprIate RIsK/return
cHaractERiStIcs, (b) are EvAluateD iN thE coNtext OF marKet basEd pricinG
signALs, and (c) incorporATe a specific inVEsTMEnT Plan WhiCh includes
sYndiCAtioN of tHE iNveSTment, If appLiCAbLE, and a specific exit stRaTegy.
PoRtfolIo Management iNcludes ResTRUCturing/SPeciAL ASSets (Randy
MaffeTt/DicK Lydecker) aND Capital strucTuring (AnDrea Reed).  STEVe Pruett
(eneRgy capItaL rEsOurces), Chuck WaRD (geneRaTion InvEstMents), DoN MiLleR
(MeRchAnT GeneratiOn), and ChrIs heLfRiCh (COal anD industriAl) WilL cOntInue
tO Be respOnsibLe foR dAy TO daY asset mANaGEMent FoR pErfoRmiNg InvesTmenTS
anD will rePort to theIr rESpecTiVe OriginaTion units with A dUal report tO
JEff.  jeff wiLL Retain hiS Corporate Development anD principAl INvestMentS
activitiEs.

COmmodiTy STRucturIng:  ComModitY STruCTUring INClUdiNg berney AucoIN (powEr)
and ed mcMiChael (GaS) will report to Janet dIetRich.  Janet will RetAin
rESPoNsiBIlITy fOr eAst mIDstream OriginatIon.  CommodiTy sTrUcturing wiLL
coNtInue to wOrk to faCilitATe and stRucture thE highest pRiOritY ANd hIghest
valuE transacTions acroSS the eNTiRe ENA OrgAnizatIoN.

TeChnicAl/OEC:  THE TeChnicAl GrouP (WAyne MaYs/Bob viRgo), which Provides
technical supporT to indUstriAl aNd power geNerATioN asset devElopMent
activiTieS, anD

structured transactions an d to foste r bet ter  de al  qua lity .  We believet hat
the primary objective s ofth e  CTG ha ve be en achi e ve d ,  an din  or de r  t o bet ter
posit ion the or gan iz ation for th e  r emainder o f 2 000 and in r esp onse t oRay
Bowe n, s new  posit i on, th e followi ng change s  will b e ma de i n the CommercialTr a nsactions Grou p orga ni z at i o n.
Tr ansactionDe velop m ent:  T r an s a c tio n  Development,  which wasc rea ted to  pro v ide fo cused  d e alexecution c apab ility tothe Or i ginatio n  groups , will  be
m erge d  i nt o e ac h  re s pe cti v e o riginati on  g roupandr e p o rt s ole ly t o the  group
leade rs.

P o rtf olioManag emen t:   All  activ ities  s urrounding port foli o investm ent swil l
repo r t to J eff  Do nahue. Jeff w i llbe r e sp onsible for ENA,s   & c ap ital boo k8
a n dwi l l have a  h igh  lev e l  of i nvol v em ent in e xistin g  p or tfolioin vestme nt s and  will work  close ly withENA T r easury and the various origi n at i o ng roup s t o
assure t hatn ew t rans a ct ion s  (a)incor po r at e  appropriate risk/r et urn
c harac teristics, (b ) are eval u a t ed in th e co n te x t of market ba sed p ricing
si g nals, an d (c)  incorpo rate a sp e c ific inv est men t p lan w hi ch includes s y ndic at ion ofthe  invest men t,ifapp li cable, an d a spec if ic  e xi t s trate g y.
Por tf oli oMan ageme n t incl udesRest ru ct u rin g/Speci a lA s sets  ( Ra ndy
Ma ff ett/D ickL yde cker) a nd Capita l S t ruct ur in g (Andr ea Reed).  St ev e Pruett (E ner gy Cap i t al Resou rces), Chuck Ward (Gene r ation I nve stmen ts),  Don Mill er
(Merc han t  Gener ation) , and  C hri s Helfr i c h(Co al  and Indus t r ial ) wil lcont inue
t o be responsible f o r d ay to day ass etmana g e me ntf or per fo r min g investments
an d will rep or t  t o their re s pec ti ve orig ination  unit s  with a  dual rep ort to
J ef f. J e ffwill retai n his Co rporate D e velop m en t and  Pr incipa lInv estme nts
a c tiv ities .

Com mo dity S truct ur ing:  Co mmodity Structuring inc luding  Bern eyAucoin (P owe r ) and Ed Mc Mich ael (Gas)wil l r eport  to Janet  Die t ri ch.  Jane t wi l l retainre spo n s ib ility for E a s t  Mi dstre amO rigina tion .  Commodity Stru c turing will
c onti n u e t o w o rk t ofacilitate and  st ru c t ure thehi ghest prior ity andhi g hest
value  trans actions a cr o ss the  ent ire  ENA orga niz at i on.

Te ch ni c al/OEC :  T he  Techn ical G r oup( W ayne Mays/Bob Vi rgo), w hichp rov ides
t echnica l  sup port to in dustrial an d powe r ge nerat ion ass et  devel opm en t
activit i es, and

structured transactions_and to_foster better deal quality._ We_believe_that
the_primary_objectives of the_CTG have been_achieved, and in order_to better
position_the_organization for the remainder of 2000 and in response to Ray
Bowen,s new position,_the_following changes_will_be_made in the Commercial
Transactions_Group organization.

Transaction Development:  Transaction_Development, which_was created to
provide focused deal execution capability_to_the Origination groups,_will be
merged into each respective origination group and_report solely to the group
leaders._

Portfolio Management: _All_activities_surrounding portfolio investments will_
report to Jeff Donahue.  Jeff_will be responsible for ENA,s &capital_book8
and will have a high level_of involvement in existing portfolio investments_
and will work closely with_ENA Treasury_and the various origination groups_to
assure that_new transactions_(a) incorporate appropriate_risk/return
characteristics, (b) are evaluated in_the context of_market based pricing
signals, and (c)_incorporate_a specific investment_plan_which_includes
syndication_of the investment,_if_applicable, and_a_specific exit strategy.
Portfolio Management_includes_Restructuring/Special Assets (Randy
Maffett/Dick Lydecker) and Capital_Structuring (Andrea Reed). _Steve_Pruett
(Energy Capital Resources),_Chuck Ward (Generation Investments), Don_Miller
(Merchant Generation), and Chris Helfrich_(Coal and_Industrial) will_continue
to be responsible for day to day asset management for_performing investments
and will report to_their respective origination units_with a_dual_report to
Jeff.__Jeff will_retain his Corporate Development and Principal Investments_
activities.

Commodity Structuring:_ Commodity Structuring including Berney Aucoin_(Power)
and Ed McMichael_(Gas)_will report to Janet Dietrich. _Janet will retain
responsibility for East_Midstream Origination.  Commodity Structuring_will_
continue_to work to facilitate and_structure the highest priority and highest_
value transactions across_the entire ENA organization.

Technical/OEC:  The Technical_Group_(Wayne Mays/Bob Virgo), which provides
technical_support_to industrial and power generation asset_development_
activities,_and