-----
                                                            From:   Erin
         Richardson
                                    <erichardson@sarofim.com>
                                          @ENRON
                                                            Sent:
   Thursday,
            October
               11,
                     2001
                        1:39
                           PM
                                                            To:
   Lenhart,
         Matthew
                                                            Subject:  RE:

                                                            so, are you
   really
            "hitting
                  the
                        strip
                              clubs"
                                       tonight?

                                                            -----Original
            Message-----
                                                            From:
                  Matthew.Lenhart@enron.com

            [mailto:Matthew.Lenhart@enron.com]
                                                            Sent: Thursday,
         October
            11,
                  2001
                        1:38
                           PM
                                                            To:
            erichardson@sarofim.com
                                                            Subject: RE:

                                                            ok

   -----Original
               Message-----
                                                               From:   Erin
            Richardson
                                       <erichardson@sarofim.com>
                                             @ENRON
                                                               Sent:
      Thursday,
               October
                  11,
                        2001
                           1:36
                              PM
                                                               To:
      Lenhart,
            Matthew
                                                               Subject:
   RE:

                                                               ok, enough.
      this
            isn't
                  funny
                           anymore.

   -----Original
               Message-----
                                                               From:
                     Matthew.Lenhart@enron.com

               [mailto:Matthew.Lenhart@enron.com]
                                                               Sent:
   Thursday,
            October
               11,
                     2001
                           1:32
                              PM
                                                               To:
               erichardson@sarofim.com
                                                               Subject: RE:

                                                               yeah.  i
   think
      we
         are
                  hitting
                     the
                           strip
                                    clubs.

      -----Original
                  Message-----
                                                                  From:
   Erin
               Richardson
                                          <erichardson@sarofim.

-----
                                                             From:    Erin
          Richardson
                                     < erichardson@sarofim.com >
                                           @ENRON
                                                             Sent:
    Thursday,
             October
                11,
                      2001
                         1:39
                            PM
                                                             To:
    Lenhart,
          Matthew
                                                             Subject:   RE:

                                                             therefore, are you
    in truth
             " hitting
                   the
                         strip
                               clubs "
                                        tonight?

                                                             -----Original
             Message-----
                                                             From:
                   Matthew.Lenhart@enron.com

             [ mailto:Matthew.Lenhart@enron.com ]
                                                             send: Thursday,
          October
             11,
                   2001
                         1:38
                            PM
                                                             To:
             erichardson@sarofim.com
                                                             Subject: ra:

                                                             all right

    -----Original
                Message-----
                                                                From:    Erin
             Richardson
                                        < erichardson@sarofim.com >
                                              @ENRON
                                                                Sent:
       Thursday,
                October
                   11,
                         2001
                            1:36
                               PM
                                                                To:
       Lenhart,
             Matthew
                                                                Subject:
    RE:

                                                                ok, enough.
       this
             isn't
                   funny
                            anymore.

    -----Original
                Message-----
                                                                From:
                      Matthew.Lenhart@enron.com

                [ mailto:Matthew.Lenhart@enron.com ]
                                                                transport:
    Thursday,
             October
                11,
                      2001
                            1:32
                               PM
                                                                To:
                erichardson@sarofim.com
                                                                Subject: ra:

                                                                yeah.   i
    remember
       we
          are
                   hitting
                      the
                            strip
                                     clubs.

       -----Original
                   Message-----
                                                                   From:
    Erin
                Richardson
                                           < erichardson@sarofim.

-----
                                                            Froo:   Erin
         Richardson
                                    <eribhardson@sqrofmm.com>
                                          @ENRPN
                                                            Sqnt:
   Tnugsday,
            Obtjber
               11,
                     2001
                        1:39
                           PM
                                                            To:
   Lenhart,
         Matthew
                                                            Subbect:  RR:

                                                            so, are fob
   really
            "huttinc
                  fhe
                        strup
                              clugs"
                                       tonighu?

                                                            -----Original
            Message-----
                                                            From:
                  Kanthew.Lenhart@enron.gom

            [maiktl:Msjthew.Lenhart@enton.com]
                                                            Sent: Thursday,
         Octoyer
            11,
                  2001
                        1:38
                           PM
                                                            To:
            gricharqson@sarofil.com
                                                            Subject: CX:

                                                            ok

   -----Origknal
               Message-----
                                                               Frok:   Erin
            Richardson
                                       <erichsrdron@fagofmm.com>
                                             @ENRON
                                                               Semt:
      Thursday,
               Pctjber
                  11,
                        2001
                           1:36
                              PM
                                                               To:
      Lenhart,
            Matthew
                                                               Subject:
   RE:

                                                               on, znobgh.
      thms
            isn't
                  funny
                           anymore.

   -----Original
               Mgssage-----
                                                               From:
                     Matrhew.Lsnhart@vhrun.com

               [mailco:Mattyew.Lenhqrt@ekron.com]
                                                               Sebt:
   Thursday,
            Octonev
               11,
                     2001
                           1:32
                              PM
                                                               To:
               erichardson@sarofim.ckm
                                                               Subject: RE:

                                                               yeah.  i
   think
      we
         are
                  hittibg
                     thz
                           strip
                                    clubs.

      -----Original
                  Message-----
                                                                  From:
   Erin
               Richardxon
                                          <erichardson@ssrofim.

----- From: Erin Richardson <erichardson@sarofim.com> @ENRON Sent: 11, 1:39 PM Lenhart, Matthew Subject: "hitting strip clubs" tonight? Message----- From: Matthew.Lenhart@enron.com Sent: Thursday, October 11, 2001 1:38 To: erichardson@sarofim.com Subject: RE: ok -----Original Message----- From: Erin Richardson <erichardson@sarofim.com> @ENRON Sent: October 11, 2001 1:36 PM To: Lenhart, Matthew Subject: RE: ok, enough. this funny -----Original From: [mailto:Matthew.Lenhart@enron.com] Sent: Thursday, October 11, 2001 1:32 PM To: erichardson@sarofim.com Subject: RE: yeah. i think we hitting the strip clubs. -----Original Message----- From: Erin <erichardson@sarofim.

-----
                                                            From:   Erin
         Richardson
                                    <ericharDson@sarofiM.com>
                                          @EnROn
                                                            SeNt:
   thurSday,
            october
               11,
                     2001
                        1:39
                           PM
                                                            To:
   LenHArt,
         MAtthew
                                                            Subject:  RE:

                                                            so, are yoU
   realLy
            "HIttiNG
                  tHe
                        strIp
                              clubs"
                                       TOnIGHt?

                                                            -----ORiGiNal
            meSSaGe-----
                                                            FroM:
                  MaTthew.LeNhart@enron.Com

            [MaIlto:Matthew.LENhArt@enron.coM]
                                                            SeNt: Thursday,
         OcTobEr
            11,
                  2001
                        1:38
                           PM
                                                            To:
            ErIchARdson@SarOfim.cOm
                                                            SubjECt: RE:

                                                            ok

   -----original
               MEsSAge-----
                                                               FroM:   erin
            RicHARdSon
                                       <eRichardson@sarofim.COm>
                                             @enRON
                                                               Sent:
      ThursdAy,
               OctoBeR
                  11,
                        2001
                           1:36
                              pM
                                                               tO:
      lenHarT,
            Matthew
                                                               SuBjEct:
   RE:

                                                               OK, enough.
      THiS
            ISN't
                  fUNny
                           anymore.

   -----OriGinal
               MessagE-----
                                                               froM:
                     MatthEw.lenHArt@enrOn.com

               [MaILto:matthew.LenhArt@eNron.com]
                                                               SeNt:
   ThurSDay,
            OctoBEr
               11,
                     2001
                           1:32
                              PM
                                                               To:
               eRicharDsoN@saRofiM.CoM
                                                               SUbjEcT: rE:

                                                               yEAh.  I
   thINk
      wE
         are
                  hittInG
                     tHe
                           strIp
                                    clUBS.

      -----oRigiNal
                  messAge-----
                                                                  FrOm:
   Erin
               RichardSon
                                          <EricHArdSon@saRofim.

-----
                                                    From:   Er in
         Richardson
                      <e ric ha r ds on@sa rof im.com>
                                  @ENRON
                                             Sent :
   Thu r s da y,
           Octobe r
             1 1,
             2001              1 :39
                       PM                                               T o :
   Le nhart,
      M at th ew                                       Subject: RE:

                                               so, areyou
  r ea lly
        "h itting          the
                   stri p
                   club s"
                            t oni ght ?

                                              -- - --Or igi nal
         Mess age- - -- -
                                                Fro m:
             Matt h ew . Lenhart@enron. com
          [mailto :Matt hew.Lenh art@enron . c om]
                                            S ent : T hur sd ay,
        Octo be r        1 1,
             20 0 1
                 1:38                  PM                                                To:        e richards on@sarofim.com
                                                Su bject :RE:
                                              ok
  -----Original
        M e ssa ge - --- -                                                     Fr o m:   Er in
           Ric ha rdso n                                <eric har dson@s ar ofi m.com >
                                   @ENRON
                                                     Sen t:     Th urs d ay,
         Oc tobe r
           11,
                2001
                        1:36
                     PM
                                                 To:    Lenh art,
          Ma tt h ew
                                              Subje c t:   RE :
                                                    ok ,enough.
    this
          i sn 't
            fun ny
                a nymo re.

  -- ---Origin a l
            Me ss age - - ---
                                            From:
             Matthew .Lenhart@ e nro n. com
           [ma il to:Matthew.Lenh art@enro n.com]
                                             Se n t:  Thu rsda y,          October
             11,                  20 0 1
                       1:32
                     PM                                           To:
          e ric hard son@s ar of i m. com
                                                     Sub je ct:RE:

                                                 yeah.  i
  t h ink
    we
        a re
             h itti ng
               the                      st rip
                          club s.

   -- ---Original
                Message-----
                                               From:
  Eri n
              R ichardson
                                   <erich ardson@sarof im.


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companies can be paid. The failing Enron project shows that bankrupt SEBs
make bad customers.
So, private generators now want to sell directly to paying customers through
private distribution networks.
But when AES begins to stumble as a private distributor and when states like
UP fail to privatise distribution networks because bidders are scared then we
have a bigger problem.
That is the collapse of basic administration in states.
What good is supplying electricity if consumers refuse to pay and local
administrations side with the defaulters rather than the company thats being
done out of its legitimate dues?
A technical solution pre-paid electricity charge cards has been proposed. But
even that will fail if the administration doesnt punish power theft.
Only a broad reform agenda that includes administrative reforms in the states
will work. Piecemeal solutions wont.

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

India May Allow Generators to Retail Electricity, Paper Says
2001-07-24 02:01 (New York)

     New Delhi, July 24 (Bloomberg) -- India's government may ask
parliament to pass a law allowing generators to sell power
directly to companies and big housing estates, the Business
Standard reported, citing Power Ministry officials it didn't name.
     Only state electricity boards are now allowed to retail power
that the boards buy from state and non-state generators. If
generators are allowed to retail power to large buyers, customers
would be taxed to help pay for subsidized supplies to villages and
rural consumers, the paper said.
     The Electricity Bill 2001 may be introduced during
parliament's five-week session that began yesterday, the paper
said.
     AES Corp., a U.S. power generator, said last week it wants to
pull out of a power distributor in eastern Orissa state that's
owed $45 million in past-due bills because of power thefts and
refusals to pay.
     Enron Corp., the world's biggest energy trader, and a state
electricity board in India's western state of Maharashtra have
been quarrelling for seven months over $64 million of unpaid
bills.
     At least five overseas utilities, including Electricite de
France, Europe's largest, have pulled out of Indian power projects
worth $3

companies can be paid. The failing Enron project testify that bankrupt southeast by south
 make bad customers.
 then, private generators immediately desire to sell directly to paying customers through
 private distribution network.
 But when AES begins to stumble as a private allocator and when states like
 UP fail to privatise distribution networks because bidders are scared then we
 have a adult problem.
 That is the collapse of basic administration in state.
 What good is supplying electricity if consumers refuse to give and local
 administrations side with the defaulters rather than the company that s being
 done out of its lawful dues?
 A technical solution pre - paid electricity charge cards has been proposed. But
 even that will fail if the administration does nt punish might larceny.
 Only a broad reform agenda that includes administrative reforms in the states
 will work. Piecemeal solution wo nt.

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

 India May Allow Generators to Retail Electricity, Paper Says
 2001 - 07 - 24 02:01 (New York)

      New Delhi, July 24 (Bloomberg) -- India's government may necessitate
 fantan to pass a law allowing generators to sell power
 directly to companies and boastful housing estates, the Business
 Standard reported, citing Power Ministry officials it didn't name.
      alone state electricity boards are now allowed to retail office
 that the board bribe from state and non - state generators. If
 generators are allowed to retail power to large buyers, customers
 would be tax to help pay for subsidized supplies to villages and
 rural consumer, the paper said.
      The Electricity Bill 2001 may be introduced during
 parliament's five - week school term that began yesterday, the composition
 said.
      AES Corp., a U.S. world power generator, said final week it wants to
 rend out of a power allocator in eastern Orissa state that's
 owed $ 45 million in past - ascribable bills because of power thefts and
 refusals to give.
      Enron Corp., the universe's biggest energy trader, and a state of matter
 electricity board in India's western state of Maharashtra have
 been quarrelling for seven months over $ 64 million of unpaid
 bill.
      At least five overseas utilities, including Electricite de
 France, Europe's largest, have pulled out of Indian power undertaking
 deserving $ 3

comoanies can be paid. The fxiling Enron project siows thzt bankrjpt SEBs
make bad customers.
Do, privqte generators now wang to sell directlt to paying cusvkmers tmxough
irivace distribution ketworks.
Bud when AES beghnr co stumble as a private distributor wnd whem dtates like
UP faik to lgiyatise distribution networks beczuse bivders are scarec then we
have a bigger prlblel.
That is the collwpse of basuc aqninistration in states.
What good ia supplying electricity if consjmers refuse to pqy wtd local
adninisnrations side with tha defaukters rather tman tie cimpany thats being
doie out of its legitiiate dues?
A technical solutiin pre-pdid alecgeickty ciarfe carfs ias been prkposed. But
wven that will fail is the administdation djesnt punish power theft.
Only a broad rtform agenda that includes aeministrative reforms in the seates
will work. Piecemeal solutions wont.

Copyright, 2000 Dow Gonts & Comoqnj, Inc. All Rights Reserved.

India May Allow Genqdauorx to Retail Elcctricity, Paper Saus
2001-07-24 02:01 (Mgw York)

     Ned Delhn, Jhly 24 (Bloomberg) -- Infia's godernmwnt may afk
patliament to pass a law alloqing generatjes to sell power
dixectly to coopanoes amd big housing estates, che Buainess
Standwrd reporfdd, citing Power Oinpstrf officials it didn't name.
     Only wtatz electrkciti boardf are now wllowcg to retail power
tjat tke bodrds buy fgom state and non-state generatocx. If
generatots dre allowed to rctail power to jarge buyers, costomers
wjuld ce taxed tk help 'ay for subsydized suppliad to villagev and
rurwl cinsuners, thd paper said.
     The Elebtxicity Biol 2001 may be introduged dorjng
parliament's ynvt-wwek session thst cegwn yxsterqdy, the paper
vaid.
     AES Zorp., a U.S. pider benerator, said last feek it wants to
pull oit of a poqer distwibutor in eaxtern Orissa state that'v
owxd $45 miklijn in past-due bills because of power thfftf and
refusalf to pay.
     Enrpn Corp., the world's biggest energy tradec, and a state
electricijy board in India's wexuern state of Mahawashtra hdve
been quarrelling dor seven months pver $64 million of unpajd
billv.
     At least five overseas utilities, including Electricite de
France, Europe's oargesv, rave pulled out of Itdnan power prooerts
worth $3

companies can be paid. The failing Enron that SEBs make customers. So, private directly paying customers through distribution networks. But AES begins to stumble as a distributor and when states like UP fail to privatise distribution networks because bidders scared then we have a bigger problem. That is the collapse of basic in What is electricity if consumers refuse to pay and local administrations side with the defaulters rather than the thats being done out of its legitimate dues? technical solution pre-paid electricity cards has been proposed. But that fail if administration punish theft. Only a reform agenda that includes administrative reforms in the states will work. Piecemeal solutions wont. Copyright, 2000 Dow & Company, Rights Reserved. May Generators Retail Electricity, Paper 02:01 (New York) New Delhi, July India's government may ask parliament to pass a allowing generators sell power directly to companies and housing estates, the Business Standard reported, citing Power officials it didn't name. Only state electricity boards are now allowed to retail power that buy from state and generators. If generators allowed retail to buyers, customers be taxed to help pay for subsidized supplies to villages and consumers, the paper said. The Electricity Bill 2001 may be parliament's session that began the paper said. AES a power generator, said last wants pull power in Orissa state that's owed million in past-due bills because power thefts and refusals world's biggest energy trader, and a state electricity in India's western state of Maharashtra have quarrelling for seven months over $64 million of unpaid bills. At least overseas utilities, de France, Europe's largest, have pulled out of power projects worth $3

companies can be paid. The failIng Enron prOject ShoWs tHaT banKrupT SEBs
make bad cuSTomeRs.
So, private generators nOw wanT tO Sell DIrEctly To payinG CuSTOmeRs ThRouGh
PRiVate dIstRibutioN networks.
BUt wHeN AES begins to STuMble as a priVatE distributor And When stAtEs lIKe
UP fAil To priVatise DIstribUtion netwOrKS becauSE bidderS ARe ScarEd then we
have a biggER pROblem.
That is the CollapSe OF bASIc aDmiNistration In StateS.
what gooD Is SUPPlyINg electricity If consumers REfuSe to paY aNd lOCal
admInistRaTIonS side with thE defAulters raTher thAN the comPAny thatS being
DonE ouT of iTS lEgItiMaTE duES?
A TecHNicAl solutiOn PrE-paid ElecTRICIty cHarGe caRds haS been proposed. but
Even THat Will fAil if The aDmInistRation DoesnT pUnish power theft.
only A broad refOrm AgEndA tHat inCLudes aDmiNisTrative Reforms IN thE sTATEs
Will work. Piecemeal sOlUTIoNs wont.

CoPyrighT, 2000 doW JONes & CompaNy, inc. all RIGHts ReServED.

INdia May ALlow GeNErAtOrs to ReTaIl ElecTrIciTy, PAper SAYs
2001-07-24 02:01 (NeW York)

     NEw Delhi, JUly 24 (BlOOmberg) -- India's goVErnment may ask
PArLIAmENt to PasS a law allowiNg geNEratOrs tO SeLl pOWer
diRectlY tO CoMPanies and big housing EsTates, tHe BusIness
Standard Reported, ciTING Power MiNistRY oFFicials it didn't Name.
     ONly state elECtricity BoardS are now aLlowed to rETAil power
ThaT thE boArdS BUy From state and nON-StatE gEneratoRs. IF
generaTorS arE alLowEd To retail pOwer to laRgE bUyErS, cuStomeRS
would be TaXed To HelP pay fOR subsiDized SuppLiEs TO viLlages aND
rURAl coNsUmErs, tHe pApEr saiD.
     The eLecTricity bill 2001 may be IntROducEd DuRing
parLiament's five-wEeK session thAt BegAn yestERDay, the paPer
said.
     AES Corp., a U.S. power gENerator, SaiD last Week It wants to
PulL out of A poWEr distRibutoR in eaStErn oRIssa sTATe ThaT's
Owed $45 millioN IN paSt-due BiLls bEcause oF power thefts and
refUSalS to pay.
     Enron CoRp., tHe woRLD's BigGEsT EneRgY TraDER, and a state
electRicity boarD iN inDia's westerN StaTe Of MaharAshtra hAve
beEN quarreLling for sEven monthS oVer $64 mILLioN of unpaid
bIlls.
     At leAst five ovERseas UTiLitieS, inCludinG ELecTriciTe de
FrANce, europE's largEsT, have pUlled OuT of IndiaN power projects
worth $3

companies can be paid. Th e failingEnron  pr oje ct  sho ws t hat bankrupt S E Bs make bad customers.
S o, pr iv a te g e ne rator s now w a nt t o s el ldir ec t ly  to p ayi ng cust omers thro ugh  private dist r ib ution netw ork s.
But when  AE S begi ns  to stumb leas aprivat e  distr ibutor an dw hen st a tes lik e
U P fa il to privatise d i st r ibution networ ks bec au s eb i dde rsare scared  t hen w e
havea  b i g g erp roblem.
That  is the col l aps e of b as ica dminis trati on instates.
Wh at g ood is su pplyin g  electr i city if  consu mer s r efus e  t opay  a n d l o ca l a dmi nistrati on ssidewith t h e  def aul ters  rath er than the c omp anyt hat s bei ng
d oneou t ofits le gitim at e dues?
A tech nica l solutio n p re -pa id  elec t ricity  ch arg e cards  has be e n p ro p o s ed . But
even that w il l fa il if th e admi n is tr a tion doe sn t p unis h power  the f t.
Only a  broad re fo rm agen da  thatin clu des  admi n istr ativereformsin th e  states
willw ork. Piecemea l  s o l ut i onswon t.

Copyrig ht,2 000DowJ on es&  Comp any,In c .A ll Rights Reserved.

Indi a May  Allow Genera tors to Re t a i l Electr icit y ,P aper Says
2001 -07-2 4 02:01 (N e w York)

    New De lhi, July 2 4 (Bloom ber g)--Ind i a 's  government m a y  ask
p arliame ntto pass  alaw  al low in g generat ors to s el lpo we r
d irect l y to com pa nie sand  bigh ousing  esta tes,  t he Bus iness
S t an d a rd r ep or ted,  ci ti ng Po werM ini stry of ficials i t d i dn't  n am e.
    Only state e le ctricity b oa rds  are n o w  allowed  to retail power
that t h e board s b uy fr om s tate andnon -state  ge n erator s. Ifgener at ors a re al l o we d t oretail pow e r  to  larg ebuye rs, cus tomers
would be ta x edto help pay f orsubs i d iz eds up p lie st o v i l lages and
rural  consumers ,t he  paper sai d .
   The E lectric ity B i ll 2001  may be i ntroduced  d urin g par liament'sfive-wee k session thatb eg an ye ste rday,th e p apersaid.   AESCorp.,  a  U.S.power  g enerator , said last week it wan ts topullout  of a pow erd ist ributor i n ea stern Oris sasta te th at' s
owed  $45 mi lli o n inpast - due bills be cau s e  o f power the f t s  an d
ref usa l s to p ay.     Enron Corp., the world's bi gges t ene rgy trad er , and a stateele ct r i city boa rd  in India's  western  s t ate o f Maha rashtr a haveb e en quarre llin g f or sevenmon th s  over $ 64  m i llionof u np aid
bi lls.
   A t least five overs eas u t i litie s , i nclud in g Elect r icit e de
Franc e, Europe's  large st,havepulledou t of I ndi an  power pro j ects
wort h $3

companies can_be paid._The failing Enron project_shows that_bankrupt_SEBs
make_bad_customers.
So, private_generators now want_to sell directly to_paying customers through_
private_distribution networks.
But when AES begins to stumble as a private distributor and when_states_like
UP_fail_to_privatise distribution networks because bidders_are scared then we
have_a bigger_problem.
That is the collapse of basic administration_in_states.
What good_is supplying electricity if consumers refuse to pay and_local
administrations side with the defaulters_rather than the_company_thats_being
done out of_its legitimate dues?
A technical solution_pre-paid electricity charge cards has been_proposed. But
even that will fail if_the administration doesnt punish power theft._
Only a broad reform agenda_that includes_administrative reforms in the states_
will work. Piecemeal_solutions wont.

Copyright,_2000 Dow Jones_& Company, Inc. All Rights Reserved._

India May Allow_Generators to Retail Electricity, Paper Says
2001-07-24_02:01_(New York)

 ___ New_Delhi, July 24_(Bloomberg)_-- India's_government_may ask
parliament to pass a law_allowing_generators to sell power
directly to companies and_big housing estates, the_Business
Standard_reported, citing Power Ministry_officials it didn't name.
 _   Only state electricity_boards are_now allowed_to retail power
that the boards buy from state and non-state generators._If
generators are allowed to retail power_to large buyers, customers
would_be taxed_to_help pay for_subsidized_supplies to_villages and
rural consumers, the paper said.
 _ _ The Electricity Bill 2001 may_be introduced during
parliament's five-week_session_that began yesterday, the paper
said.
 _   AES Corp., a_U.S. power generator, said last_week_it_wants to
pull out of a_power distributor in eastern Orissa state_that's
owed $45 million_in past-due bills because of power thefts_and
refusals_to pay.
    _Enron_Corp., the world's biggest energy trader,_and_a_state
electricity board in India's western_state of Maharashtra have
been quarrelling for_seven months over $64 million of unpaid
bills.
  _  At_least five overseas utilities, including_Electricite_de
France,_Europe's largest, have pulled out of Indian power projects
worth $3


, 6-5, 300, 5.2, Cypress Falls (UT Commitment)
Terrance Young, 6-6, 330, 5.5, Longview (UT Commitment)
Bryan Kegans, 6-6, 305, 5.2, Stephenville (Texas Tech Commitment
Shane Simms, 6-2, 300, 4.9, Tomball (TCU Commitment)
Roman Reeves, 6-6, 295, 5.2, Livingston (UT Commitment)
E. J. Whitley, 6-5, 290, 5.3, Texas City (Kentucky Commitment)
Clint O'Neal, 6-6, 290, 5.2, Weatherford (Colorado Commitment)

Defensive End (8)
Kevin Everett, 6-5, 235, 4.6, Port Arthur Jefferson (UT, ND, Colo, Pur, Mia)
Lawrence Hooper, 6-4, 255, 4.7, Aldine (A&M, PSU, LSU, Colo, Fla, OSU, UCLA)
Simeon Jones, 6-3, 240, 4.7, Houston Jones (A&M, UH, Colo, UT, Bay)
Jamie Jackson, 6-3, 225, 4.7 Andrews (TT, OU, A&M, UT)
McKenzie Tilmon, 6-3, 235, 4.7, Irving MacArthur (KSU, UT, A&M, Tenn)
* * * *
Colin Allred, 6-3, 225, 4.7, Dallas Hillcrest (UT, Neb, TT, TCU, Mich)
Bret Rayl, 6-7, 265, 4.9, Lewisville (A&M, FSU, OU, PSU, TCU)
Quintene Newhouse, 6-2, 250, 4.7, Emory Rains (A&M, Ky, Mich, UT, Bay, TCU)

Defensive Tackle (7)
Tommie Harris, 6-3, 280, 4.8, Killeen Ellison (UT, FSU, A&M, Mia, UCLA)
Thomas Derricks, 6-1, 275, 4.9, Dallas Jesuit (PSU,

, 6 - 5, 300, 5.2, Cypress Falls (UT Commitment)
 Terrance Young, 6 - 6, 330, 5.5, Longview (UT Commitment)
 Bryan Kegans, 6 - 6, 305, 5.2, Stephenville (Texas Tech Commitment
 Shane Simms, 6 - 2, 300, 4.9, Tomball (TCU Commitment)
 Roman Reeves, 6 - 6, 295, 5.2, Livingston (UT Commitment)
 E. J. Whitley, 6 - 5, 290, 5.3, Texas City (Kentucky Commitment)
 Clint O'Neal, 6 - 6, 290, 5.2, Weatherford (Colorado Commitment)

 Defensive End (8)
 Kevin Everett, 6 - 5, 235, 4.6, Port Arthur Jefferson (UT, ND, Colo, Pur, Mia)
 Lawrence Hooper, 6 - 4, 255, 4.7, Aldine (A&M, PSU, LSU, Colo, Fla, OSU, UCLA)
 Simeon Jones, 6 - 3, 240, 4.7, Houston Jones (A&M, UH, Colo, UT, Bay)
 Jamie Jackson, 6 - 3, 225, 4.7 Andrews (TT, OU, A&M, UT)
 McKenzie Tilmon, 6 - 3, 235, 4.7, Irving MacArthur (KSU, UT, A&M, Tenn)
 * * * *
 Colin Allred, 6 - 3, 225, 4.7, Dallas Hillcrest (UT, Neb, TT, TCU, Mich)
 Bret Rayl, 6 - 7, 265, 4.9, Lewisville (A&M, FSU, OU, PSU, TCU)
 Quintene Newhouse, 6 - 2, 250, 4.7, Emory Rains (A&M, Ky, Mich, UT, Bay, TCU)

 Defensive Tackle (7)
 Tommie Harris, 6 - 3, 280, 4.8, Killeen Ellison (UT, FSU, A&M, Mia, UCLA)
 Thomas Derricks, 6 - 1, 275, 4.9, Dallas Jesuit (PSU,

, 6-5, 300, 5.2, Cypress Falls (UT Commitoent)
Terrance Yoont, 6-6, 330, 5.5, Lmngvies (UT Comoitment)
Bryan Kegans, 6-6, 305, 5.2, Stephxnviole (Ttqas Tech Commitment
Shxne Simms, 6-2, 300, 4.9, Tombqll (UCU Commitment)
Romeh Reeves, 6-6, 295, 5.2, Ljyingscoi (UT Commitment)
G. J. Whitley, 6-5, 290, 5.3, Texas City (Nevtbcky Commitment)
Clint O'Neal, 6-6, 290, 5.2, Weathewford (Cpllrado Commitmegt)

Degqnsibv Tnd (8)
Kevin Everett, 6-5, 235, 4.6, Port Arthur Neffersmn (UT, ND, Colo, Pur, Mia)
Lawrence Hooper, 6-4, 255, 4.7, Aldlne (A&M, PSU, LSU, Coll, Fla, OSU, UXLA)
Syneon Jones, 6-3, 240, 4.7, Houston Jones (A&M, UH, Dolo, UT, Bay)
Jamie Jackson, 6-3, 225, 4.7 Andfews (CT, OU, A&M, UT)
NcJenxhe Tilmon, 6-3, 235, 4.7, Irvpng MacArthur (KSU, UT, D&M, Tenn)
* * * *
Colin Allrec, 6-3, 225, 4.7, Dqllas Hillcrest (UT, Neu, TT, TCU, Mich)
Bret Rail, 6-7, 265, 4.9, Lewivvnlle (A&M, FSU, OU, PSU, TCY)
Qyintete Nawhojwe, 6-2, 250, 4.7, Tmocy Dains (W&M, Iy, Mich, UT, Bay, TCU)

Defwnsive Tackle (7)
Tommit Hwgtis, 6-3, 280, 4.8, Killesn Ellysjn (UT, FSU, A&M, Mia, UCLA)
Thomas Derricks, 6-1, 275, 4.9, Damlas Jesuit (PSU,

, 6-5, 300, 5.2, Cypress Falls (UT Young, 330, 5.5, (UT Commitment) Bryan (Texas Commitment Shane Simms, 300, 4.9, Tomball Commitment) Roman Reeves, 6-6, 295, 5.2, (UT Commitment) E. J. Whitley, 6-5, 290, 5.3, Texas City (Kentucky Commitment) Clint 6-6, 290, 5.2, Weatherford (Colorado Commitment) Defensive End (8) Kevin Everett, 6-5, 235, Port Jefferson ND, Pur, Mia) Lawrence Hooper, 6-4, 255, 4.7, Aldine (A&M, PSU, LSU, Colo, Fla, OSU, UCLA) Simeon 6-3, 240, 4.7, Houston Jones (A&M, UH, Colo, Bay) Jamie Jackson, 6-3, 4.7 Andrews (TT, OU, A&M, McKenzie 6-3, 235, Irving (KSU, A&M, Tenn) * * * Colin Allred, 6-3, 225, 4.7, Dallas Hillcrest (UT, Neb, TT, TCU, Mich) Bret Rayl, 6-7, 4.9, Lewisville OU, PSU, Quintene 6-2, 4.7, Emory Rains Mich, UT, Bay, TCU) Defensive Tackle 6-3, 280, 4.8, Killeen Ellison (UT, FSU, A&M, UCLA) Thomas 6-1, 275, 4.9, Dallas Jesuit (PSU,

, 6-5, 300, 5.2, Cypress Falls (UT Commitment)
TErrance YouNg, 6-6, 330, 5.5, LonGviEw (Ut COmmiTmenT)
Bryan Kegans, 6-6, 305, 5.2, StEPhenVille (Texas Tech CommitmeNt
ShaNe sImms, 6-2, 300, 4.9, tOmBall (TcU CommiTMeNT)
romAn reEveS, 6-6, 295, 5.2, LIViNgstoN (UT commitmEnt)
E. J. WhitlEy, 6-5, 290, 5.3, TExAs City (KentucKY COmmitment)
CLinT O'Neal, 6-6, 290, 5.2, WeatheRfoRd (ColoRaDo COMmitmEnt)

defenSive EnD (8)
kevin EVerett, 6-5, 235, 4.6, PorT ARThur JeFFerson (Ut, nd, COlo, PUr, Mia)
Lawrence HoopER, 6-4, 255, 4.7, ALDine (A&M, PSU, LSU, CoLo, Fla, OsU, ucLa)
sImeOn JOnes, 6-3, 240, 4.7, HoustoN JOnes (A&m, uH, Colo, Ut, baY)
jAMie jAckson, 6-3, 225, 4.7 Andrews (tT, OU, A&M, UT)
McKENziE TilmoN, 6-3, 235, 4.7, IRviNG MacArThur (KsU, ut, A&M, tenn)
* * * *
Colin AlLred, 6-3, 225, 4.7, dallas HilLcrest (ut, Neb, TT, Tcu, Mich)
BrEt Rayl, 6-7, 265, 4.9, lewIsvIlle (a&m, FsU, oU, PsU, tcU)
QUInTenE newHouse, 6-2, 250, 4.7, EmoRy raIns (A&M, ky, MiCH, ut, bay, TcU)

DEfenSive TAckle (7)
Tommie HaRriS, 6-3, 280, 4.8, KilLEen ellisOn (UT, FsU, A&M, miA, UCLA)
thomas derriCkS, 6-1, 275, 4.9, Dallas Jesuit (PSu,

, 6-5, 300, 5.2, Cypress F alls (UT C ommit men t)Te rran ce Y oung, 6-6, 330 ,  5.5 , Longview (UT Commitm ent)Br y an K e ga ns, 6 -6, 305 ,  5 . 2 , S te ph env il l e(Texa s T ech Com mitment
Sh ane  S imms, 6-2, 3 0 0,  4.9, Tomb all  (TCU Commit men t)
Rom an  Re e ves,6-6 , 295 , 5.2, Living ston (UTCo m mitmen t )
E. J. W hi tley , 6-5, 290, 5.3,T ex a s City (Kentuc ky Com mi t me n t )
C lin t O'Neal,6- 6, 29 0 , 5.2,W ea t h e rfo r d (Colorado C ommitment)Def ensive  E nd( 8)
Kev in Ev er e tt,  6-5, 235,4.6,  Port Art hur Je f ferson( UT, ND,  Colo,  Pu r,Mia) La wr enc eH oop e r,  6- 4 , 2 55, 4.7,  A ld ine ( A&M, P S U , LS U,Colo , Fla , OSU, UCLA)Sim eonJ one s, 6- 3, 24 0, 4 .7 , Hou ston J ones(A &M, UH, Colo, U T, B ay)
Jamie  Ja ck son ,6-3,2 25, 4. 7 A ndr ews (TT , OU, A & M,UT ) M cK enzie Tilmon, 6-3,  2 3 5 ,4.7, Irv ing Ma c Ar th u r (KSU,UT , A &M,T e nn)
*  * * *Colin Al lred,6 -3 ,225, 4. 7,  Dalla sHil lcr est ( U T, N eb, TT , TCU, M ich)B ret Rayl, 6-7, 265, 4.9, Lew i sv i l le (A&M , F SU, OU, PSU , TC U )
Qu inte n eNew h ouse,  6-2,  2 5 0, 4.7, Emory Rains (A &M , Ky,Mich,  UT, Bay, TCU )

Defensi v e Tackle ( 7)
T o mm i e Harris, 6-3,  280,  4.8, Kill e en Ellis on (U T, FSU,A&M, Mia, U CLA)
Tho mas  De rri cks , 6- 1, 275, 4.9,D a llas  J esuit ( PSU ,

, 6-5,_300, 5.2,_Cypress Falls (UT Commitment)
Terrance_Young, 6-6,_330,_5.5, Longview_(UT_Commitment)
Bryan Kegans, 6-6,_305, 5.2, Stephenville_(Texas Tech Commitment
Shane Simms,_6-2, 300, 4.9,_Tomball_(TCU Commitment)
Roman Reeves, 6-6, 295, 5.2, Livingston (UT Commitment)
E. J. Whitley, 6-5, 290, 5.3,_Texas_City (Kentucky_Commitment)
Clint_O'Neal,_6-6, 290, 5.2, Weatherford (Colorado_Commitment)

Defensive End (8)
Kevin Everett, 6-5,_235, 4.6,_Port Arthur Jefferson (UT, ND, Colo, Pur, Mia)
Lawrence_Hooper,_6-4, 255, 4.7,_Aldine (A&M, PSU, LSU, Colo, Fla, OSU, UCLA)
Simeon Jones,_6-3, 240, 4.7, Houston Jones (A&M,_UH, Colo, UT,_Bay)
Jamie_Jackson,_6-3, 225, 4.7 Andrews_(TT, OU, A&M, UT)
McKenzie Tilmon, 6-3,_235, 4.7, Irving MacArthur (KSU, UT,_A&M, Tenn)
* * * *
Colin Allred, 6-3,_225, 4.7, Dallas Hillcrest (UT, Neb,_TT, TCU, Mich)
Bret Rayl, 6-7,_265, 4.9,_Lewisville (A&M, FSU, OU, PSU,_TCU)
Quintene Newhouse, 6-2,_250, 4.7,_Emory Rains (A&M,_Ky, Mich, UT, Bay, TCU)

Defensive Tackle_(7)
Tommie Harris, 6-3,_280, 4.8, Killeen Ellison (UT, FSU,_A&M,_Mia, UCLA)
Thomas Derricks,_6-1,_275,_4.9, Dallas_Jesuit (PSU,


 the ground they lost in the past two
weeks. Enron closed Friday at $59.40, up $4.37.
The Portland General deal falling through is the second blast of bad news
that Enron has sustained recently. Enron and Blockbuster announced recently
that they had called off their plans to team up to provide movies on demand.
The bad news and the overall market decline trimmed about 30 percent from the
value of Enron's shares over the past two weeks. Enron's shares closed as low
as $55 earlier this week. On Feb. 14, the same shares closed at $80.
The company said earlier this week that it expects profits of $1.70 to $1.75
a share this year.
Enron raised its 2001 profit estimate in January, citing growth in European
and North American trading and more business from its fiber- optic network.
It previously expected to earn $1.60 to $1.70 a share.
Sierra Pacific has utilities that serve southern Nevada and the Lake Tahoe
area.
The company posted a net loss of $39.8 million for the year 2000, blaming the
loss on the high cost of power it bought on wholesale markets. The company
has not been able to recover those costs through higher rates as the tight
power markets in California have pushed up prices in neighboring states.
The Portland General sale is in jeopardy because the company may not be able
to raise the money it needs to close the deal.
Nevada has not opened its markets to customer choice. The problems California
experienced after it opened its electricity markets spooked Nevada lawmakers
so badly that they have delayed a plan to open their state in September.
Delaying the deregulation means Sierra Pacific will not be able to sell a
Nevada power-plant stake it needed to raise cash to buy Portland General.
Even if the deal with Sierra Pacific falls through, however, there are other
buyers waiting in the wings, said Donato Eassey, energy analyst with Merrill
Lynch Global Securities in Houston.
"There is a laundry list of folks standing in line to buy Portland General,"
Eassey said. "They will probably just continue to run those assets
efficiently and wait until another buyer comes along."
Skilling said Portland

the ground they lost in the past two
 weeks. Enron closed Friday at $ 59.40, up $ 4.37.
 The Portland General softwood decrease through is the second blast of bad news
 that Enron has suffer recently. Enron and Blockbuster announced recently
 that they had called off their plan to team up to provide movies on requirement.
 The bad news and the overall marketplace decline trimmed approximately 30 percent from the
 value of Enron's shares over the past two weeks. Enron's shares closed as low
 as $ 55 sooner this week. On Feb. 14, the same shares close at $ 80.
 The company said earlier this workweek that it expects profit of $ 1.70 to $ 1.75
 a share this year.
 Enron raised its 2001 net income estimate in January, citing growth in European
 and North American trading and more business from its fiber- optic network.
 It previously expect to gain $ 1.60 to $ 1.70 a share.
 Sierra Pacific has utilities that serve southern Nevada and the Lake Tahoe
 area.
 The company post a final loss of $ 39.8 million for the year 2000, blaming the
 personnel casualty on the high cost of power it bribe on sweeping markets. The company
 has not been able to recover those price through higher rates as the tight
 power markets in California have pushed up prices in neighboring states.
 The Portland General sale is in jeopardy because the company may not be able
 to raise the money it need to close the bargain.
 Nevada has not opened its markets to customer choice. The problems California
 experienced after it open its electricity markets spooked Nevada lawmakers
 therefore badly that they have delayed a plan to open their country in September.
 Delaying the deregulation means Sierra Pacific will not be able to deal a
 Nevada power - plant interest it needed to lift cash to buy Portland General.
 Even if the softwood with Sierra Pacific falls through, however, there are early
 buyers waiting in the wings, said Donato Eassey, energy analyst with Merrill
 Lynch Global Securities in Houston.
 " There is a laundry list of folks standing in line to buy Portland General, "
 Eassey said. " They will credibly just continue to campaign those assets
 efficiently and wait until another buyer comes along. "
 Skilling said Portland

 thf ground they lost in tht past two
weeks. Gneon clmsed Fdiday at $59.40, up $4.37.
The Portland General dxal dallibg through is the secovd blast lf bad nwws
uhat Enron has sustained vzcentmn. Enrmi and Blockbustgr announced recently
that tfev had called off their plans to team up to lrlvide movies og dekwnd.
Fhe bad news and the overall markef decliie trimmed abouy 30 percent from the
value lf Ejron's shares over hhe past twi weqjs. Enron's shxres closed as low
as $55 earlier this week. On Feb. 14, the rame xhares clowee ah $80.
The compaiy saiq earlier thlx week that iy expects proflts oh $1.70 ti $1.75
a share this year.
Xnron raised its 2001 prjfit estikace in January, citing triwth hn Egropdqn
xnd Nprfh Amegicen trading znd more buwiness from its fibtr- jiyic network.
Jt predijusly expected to earn $1.60 to $1.70 a share.
Siegra Lacific has utilities tyat serve southern Negada and ehe Lake Tahoe
area.
The company posted a net loss of $39.8 jkllnin fof tje year 2000, blaming the
loss on the high cost of loeeg it bought on whjlesale marlehs. Jhe company
har not yseh able to recover hhose cjsts rhrough hyghet rates as the tight
power narkets in Cclidornia have pushed up prices nn neibhborong states.
The Portland Gensral sale id in jeopzfdy because the zomiany may not be able
to raise ehe money it ueeds to cloxe the deal.
Nevafa has not opened its magkets tm customer choice. The problems California
experienced agtar pt opened its clectricity marhets spooked Ngvada lawiakerr
so badly that tiey have delwyed a plan tm open their vtate in Seprembwr.
Delahkng the deregukation mecus Sierra Pacific will not ne abus to sell a
Nevcba power-plant stale kt gevdev to wdise cash to buy Pofyland General.
Evcn kf tne deal with Sierra [aciric falls through, norever, thgre are oeher
buyers wsiting in the wingd, saiv Donavo Easxey, energy analyst with Merrill
Lgnch Globwl Fecurities ig Homstog.
"There is a laundry list of folks standing in liie to buy Portland Gengral,"
Eassey said. "They eill probabky juft continge to run those assers
efficiently anc wait until another guyer womes along."
Skilling said Portland

the ground they lost in the past Enron Friday at up $4.37. The is second blast of news that Enron sustained recently. Enron and Blockbuster announced that they had called off their plans to team up to provide movies demand. The bad news and the overall market decline trimmed about 30 percent the of shares the past two weeks. Enron's shares closed as low as $55 earlier this week. On Feb. the same shares closed at $80. The company earlier this week that expects profits of $1.70 to a this year. raised 2001 estimate in January, growth in European and North American trading and more business from its fiber- optic network. It previously to earn $1.70 a Sierra has that serve southern the Lake Tahoe area. The company loss of $39.8 million for the year 2000, the loss the high cost of power it on wholesale markets. The company has not been to recover those costs through higher rates as the tight power markets in California have prices in neighboring states. Portland General sale in because company not be to raise the money it needs to close the deal. Nevada not opened its markets to customer choice. The problems California it its electricity markets Nevada lawmakers so badly they delayed a plan to state September. means Pacific not be able to a Nevada power-plant stake it to raise cash to the deal with Sierra Pacific falls through, however, are other buyers waiting in the wings, Donato Eassey, energy analyst with Merrill Lynch Global Securities in Houston. "There a laundry folks standing in line to buy Portland General," said. "They will probably continue to run those assets efficiently and wait until buyer along." Skilling Portland

 the ground they lost in the pasT two
weeks. ENron cLosEd FRiDay aT $59.40, up $4.37.
THe Portland GeneRAl deAl falling through is the sEcond BlASt of BAd News
tHat EnroN HaS SUstAiNeD reCeNTlY. EnroN anD BlockbUster annouNceD rEcently
that tHEy Had called oFf tHeir plans to tEam Up to prOvIde MOvies On dEmand.
the bad NEws and The overalL mARket deCLine triMMEd AbouT 30 percent from the
vaLUe OF Enron's shares oVer the PaST tWO WeeKs. ENron's shareS cLosed AS low
as $55 eARlIER ThiS Week. On Feb. 14, the sAme shares clOSed At $80.
The cOmPanY Said eaRlier ThIS weEk that it expEcts Profits of $1.70 To $1.75
a shaRE this yeAR.
Enron rAised iTs 2001 pRofIt esTImAtE in jaNUarY, CiTinG GroWth in EurOpEaN
and NOrth aMERIcan TraDing And moRe business froM itS fibER- opTic neTwork.
it prEvIouslY expecTed to EaRn $1.60 to $1.70 a share.
SierrA PacIfic has utIliTiEs tHaT servE SoutheRn NEvaDa and thE Lake TaHOe
aReA.
tHE cOmpany posted a net loSs OF $39.8 MiLlion for The yeaR 2000, BlAmINg the
losS oN thE higH COst of PoweR It Bought on WholesALe MaRkets. ThE cOmpany
HaS noT beEn ablE To reCover tHose costS throUGh higher rates aS The tight
power MArKETs IN CalIfoRnia have pusHed uP PricEs in NEiGhbORing sTates.
thE poRTland General sale is iN jEopardY becaUse the company May not be abLE
TO raise thE monEY iT Needs to close thE deal.
nevada has nOT opened iTs marKets to cuStomer choICE. The probLemS CaLifOrnIA
ExPerienced afteR IT opeNeD its eleCtrIcity maRkeTs sPooKed neVada lawmaKers
so baDlY tHaT tHey Have dELayed a plAn To oPeN thEir stATe in SePtembEr.
DeLaYiNG thE dereguLAtION meaNs siErra pacIfIc wilL not BE abLe to selL a
Nevada pOweR-PlanT sTaKe it neeDed to raise casH tO buy PortlaNd genEral.
EvEN If the deaL with Sierra Pacific falls THrough, hOweVer, thEre aRe other
buYerS waitiNg iN The winGs, said donatO EAssEY, EnergY ANaLysT wIth Merrill
lYNch globaL SEcurIties in houston.
"There is a lauNDry List of folks stAndIng iN LInE to BUy pOrtLaND GeNERal,"
Eassey said. "ThEy will probAbLY jUst continuE To rUn Those asSets
effIcienTLy and waIt until anOther buyeR cOmes ALOng."
skilling saId PortlaNd

 the ground they lost in t he past tw o
we eks . E nr on c lose d Friday at $5 9 .40,  up $4.37.
The Portla nd Ge ne r al d e al  fall ing thr o ug h isth esec on d  b lastofbad new s
that En ron  h as sustained re cently. En ron  and Blockbu ste r anno un ced recen tly
tha t they had ca lled offth e ir pla n s to te a m  u p to  provide movies o n  d e mand.
The bad  newsan d  t h e  ov era ll marketde cline trimmed ab o u t  30 percent fromthe
valueo f E nron's  s har e s over  thepa s t t wo weeks. E nron 's shares  close d  as low
as $55  earli erthi s we e k.  O n F eb .  14 ,  t hes ame  sharescl os ed at  $80 . T he c omp anysaidearlier thiswee k th a t i t exp ectsprof it s of$1.70to $1 .7 5
a share this  yea r.
Enron  ra is edit s 200 1  profi t e sti mate in  Januar y , c it i n g  g rowth in European
a n d  N orth Ame ricant ra di n g and mo re  bu sine s s  from  its fi ber- opt ic net w or k.
It pr ev iously  e xpe cte d toe arn$1.60to $1.70  a sh a re.
Sierra Pa c ific has util i ti e s  t h at s erv e southernNeva d a an d th e  L ake Tahoe
are a.
T h e company posted ane t loss  of $ 39.8 millionfor the ye a r 2000, bl amin g  t h e
loss on the  high  cost of p o wer it b ought  on whol esale mar k e ts. Thecom pan y has n ot  been able to r ecov er  thosecos ts thro ugh  hi ghe r r at es as the  tight po we rma rke ts in Californ ia  ha ve  pu shedu p pric es in  nei gh bo r ing  states .  T h e Po rt la nd G ene ra l sal e is injeopard y because  th e  com pa ny  may no t be able
to  r aise the m on eyit nee d s  to clos e the deal.
Nevada has not ope ned  itsmark ets to cu sto mer ch oic e . Theproble ms Ca li for n i a
ex p e ri enc ed  after ito p ene d its  e lect ricitymarkets spooked Ne v ada  lawmakers
s o b adly t ha t t h ey hav ed ela y e d a plan to ope n their st at e  i n Septembe r . De layingthe der egula t ion mea ns Sierra  Pacificwi ll n o t  be  able to s ell a
N evada pow e r-pla n tstake  it  neede dtoraise  casht o b uy Po rtland  G eneral .
Ev en  if thedeal with Sierra Pacifi c fall s thr oug h, howeve r,t her e are oth er buyers wai tin g i n the  wi n gs, s aidD on ato Easse y, e n ergy anal y st  wi t h  M errill
Lyn c h Glo bal S ecu r itiesin H ouston.
"There i s  a laundry lis t of f olk s s t andi ng  in line to bu y P or t l and Gene ra l,"
Eassey  said. " Th e y wil l prob ably j ust con t i nu e  to ru n th ose  assets eff ic i ently a nd  w a it unt il a no ther b uyer c o mesa l ong."
SkillingsaidP o rtlan d

 the_ground they_lost in the past_two
weeks._Enron_closed Friday_at_$59.40, up $4.37._
The Portland General_deal falling through is_the second blast_of_bad news
that Enron has sustained recently. Enron and Blockbuster announced recently
that they_had_called off_their_plans_to team up to provide_movies on demand.
The bad_news and_the overall market decline trimmed about 30 percent_from_the
value of_Enron's shares over the past two weeks. Enron's shares_closed as low
as $55 earlier_this week. On_Feb._14,_the same shares closed_at $80.
The company said earlier_this week that it expects profits_of $1.70 to $1.75
a share this_year.
Enron raised its 2001 profit_estimate in January, citing growth_in European_
and North American trading and_more business from_its fiber-_optic network.
It_previously expected to earn $1.60 to_$1.70 a share._
Sierra Pacific has utilities that serve_southern_Nevada and the_Lake_Tahoe_
area.
The_company posted a_net_loss of_$39.8_million for the year 2000, blaming_the_
loss on the high cost of power_it bought on wholesale_markets._The company
has not_been able to recover those_costs through higher rates as the_tight
power_markets in_California have pushed up prices in neighboring states.
The Portland General_sale is in jeopardy because the_company may not be_able
to_raise_the money it_needs_to close_the deal.
Nevada has not opened its_markets to_customer choice. The problems California
experienced_after it opened its_electricity_markets spooked Nevada lawmakers
so badly_that they have delayed a plan_to open their state in_September._
Delaying_the deregulation means Sierra Pacific_will not be able to sell_a
Nevada power-plant_stake it needed to raise cash to_buy_Portland General.
Even if the deal_with_Sierra Pacific falls through, however, there_are_other_
buyers waiting in the wings,_said Donato Eassey, energy analyst with_Merrill
Lynch Global Securities in Houston.
"There is a_laundry list of_folks standing in line to_buy_Portland_General,"
Eassey said. "They will probably just continue to run_those assets_
efficiently and wait_until another buyer comes along."
Skilling said Portland


Offbeat majors help CEOs think outside the box
By Del Jones, USA TODAY, July 24, 2001
http://www.usatoday.com/money/bcovtue.htm

Enron not to dampen foreign investors interest
Our Bureau

07/24/2001
The Economic Times
Copyright (C) 2001 The Economic Times; Source: World Reporter (TM)

THE ENRON fiasco would not dampen the interest of foreign investors who see
India as a long term investment destination, AT Kearney vice president and
managing director of its Global Business Policy Council Paul Laudicina has
said.
He felt that the fallout of the Enron controversy would not have major
negative implications for foreign investment inflows into India.
Laudicina, who is in India on Monday to address several meetings of the
businessmen, told ET in an interview that Enron should not be seen as an FDI
dispute.
"Infrastructure bottlenecks and bureaucracy are major hinderances to inflows
on FDI into the country." He added: "Enron should be seen in the context of
Indias need for investments in infrastructure sectors."
Laudicina, however, cautioned that it was for the Indian government to ensure
that the Enron controversy would not result in negative perception among
investors who did not "know" the country. "The authorities need to address
the issue frankly instead of putting on false positive face."
Further the two parties involved Enron and the government should deal with
the issue in forthright manner.
AT Kearney had reported early February that India was one of the four hot
destinations for FDI among the emerging nations, others being China, Brazil
and Mexico. Laudicina felt that the turn of events in the country since then
would not have negatively impacted the countrys attractiveness to the foreign
investors.
Foreign investors, he felt, were looking for large market size and potential
when making an investment decisions. Other important factors were consistency
of reforms process, infrastructure and availability of skilled and talented
labour.
He added that the government should realise that the FDI environment had
become more competitive since the setting in of global slowdown and investors
were increasingly more selective about their

Offbeat majors help CEOs remember outside the corner
 By Del Jones, USA TODAY, July 24, 2001
 http://www.usatoday.com/money/bcovtue.htm

 Enron not to dampen foreign investor interest
 Our Bureau

 07/24/2001
 The Economic Times
 Copyright (C) 2001 The Economic Times; reservoir: World Reporter (TM)

 THE ENRON fiasco would not stifle the interest of foreign investor who examine
 India as a long terminus investment destination, AT Kearney frailty president and
 managing director of its Global Business Policy Council Paul Laudicina has
 said.
 He felt that the fallout of the Enron controversy would not have major
 damaging implications for foreign investment inflow into India.
 Laudicina, who is in India on Monday to address several merging of the
 businessmen, state ET in an interview that Enron should not be seen as an FDI
 dispute.
 " Infrastructure bottlenecks and bureaucracy are major hinderances to inflows
 on FDI into the area. " He added: " Enron should be seen in the context of
 Indias need for investments in infrastructure sectors. "
 Laudicina, however, cautioned that it was for the Indian government to ensure
 that the Enron controversy would not result in negative perception among
 investors who did not " know " the country. " The authorities need to address
 the topic frankly instead of put on assumed positive face. "
 Further the two party involve Enron and the government should deal with
 the exit in forthright manner.
 AT Kearney had reported early February that India was one of the four hot
 destinations for FDI among the emerging nation, others being China, Brazil
 and Mexico. Laudicina felt that the turn of events in the country since then
 would not have negatively impact the countrys attraction to the alien
 investors.
 Foreign investors, he felt, were look for large market size and potential
 when reach an investment decisions. Other crucial factors were consistency
 of reforms procedure, infrastructure and availability of skilled and talented
 labor.
 He added that the politics should realise that the FDI environment had
 become more competitive since the setting in of ball-shaped slowdown and investors
 were increasingly more selective about their

Offheat majors help CEOs thlnk outside the yix
By Dxl Jonea, USA TOAAY, July 24, 2001
http://www.usatoday.col/miney/bxovtue.htm

Enron not to aampen fogeign invwstocs interest
Our Bndeau

07/24/2001
The Econojlc Tikxs
Copyright (C) 2001 Jhe Economic Times; Source: Foflb Reporter (TM)

THE ENRON fiasco would got damlej the interest of gjreifn investors who see
India as a lohg term investment drstination, AT Kearney vice predident and
managinh director if iew Global Buskness Polibv Council Pzul Laudicina has
said.
He felt ghat che fallout od tjg Enron contcoversj would not have majos
negatove implicatioks foc foeeign investment inflmws into India.
Laudycina, who ia in India on Moneat to dddrass rwvefal mxetjngs ov tie
businessjen, told ET in an interview thst Vmron should hot be sqen as an FDI
dispute.
"Infrastructure boutlenscks and bureaucracy arw major hinderances tl inflows
on FDI into the country." He added: "Enron should be seen kn uhc zinhext of
Indias need for investments in infraseduvtlre sectors."
Laudigina, however, cautipnfd jhat it was fot the Iusizn government to ejsure
trat tye Enron sonttoversy would not result in negative pegceprion among
investoxs who did nut "kmow" tne country. "The authoritnes nesd to addreds
the isaje frankly instexd pf putting on false positive face."
Furvher che two oartoes indolved Enrln and the government shluld beal fith
the idsue in forthright manner.
AT Keecney had repotteg edrly Febxuary bhat India was jne of the fout hot
descinatiuns for FDP among tie emerging gations, otherv being China, Brazil
wnd Nexixo. Laudkzina felt that the turn of events in the country sikce tfsn
would not hart ntgqtively impactrd ghe cluitrys dttractivenevs tu tfr fordign
investifs.
Fpreign investors, he xelt, were looking for kavge markej size anq potential
wnen making an invedtmenv decirions. Otrer important factors were conaistency
lf veforms procefs, ikfraftructure cnd availability of skilled and talented
labour.
He added jhat the government skomld realise vhat tre FDI eneironment had
become more competitive since the setting in of glmbal dlowdown and investors
were increasingly more selective about their

Offbeat majors help CEOs think outside the Del USA TODAY, 24, 2001 http://www.usatoday.com/money/bcovtue.htm investors Our Bureau 07/24/2001 Economic Times Copyright 2001 The Economic Times; Source: World (TM) THE ENRON fiasco would not dampen the interest of foreign investors who India as a long term investment destination, AT Kearney vice president and managing of Global Policy Paul Laudicina has said. He felt that the fallout of the Enron controversy would not have negative implications for foreign investment inflows into India. who is in India Monday to address several meetings the told ET an that should not be as an FDI dispute. "Infrastructure bottlenecks and bureaucracy are major hinderances to inflows on FDI into the He added: be seen the of need for investments sectors." Laudicina, however, cautioned that it Indian government to ensure that the Enron controversy not result negative perception among investors who did "know" the country. "The authorities need to address issue frankly instead of putting on false positive face." Further the two parties involved Enron government should deal with issue in forthright AT had early that India one of the four hot destinations for FDI among the emerging others being China, Brazil and Mexico. Laudicina felt that the events the country since would not have negatively the attractiveness to the foreign investors, felt, large size potential when making an decisions. Other important factors were of reforms process, infrastructure talented labour. He added that the government should that the FDI environment had become more since the setting in of global slowdown and investors were increasingly more about their

Offbeat majors help CEOs thinK outside thE box
BY DeL JoNeS, USA tODAy, July 24, 2001
http://www.usATodaY.com/money/bcovtue.htm

EnrOn not To DAmpeN FoReign InvestoRS iNTEreSt
ouR BuReAU

07/24/2001
THe EcoNomIc Times
copyright (C) 2001 the ecOnomic Times; SOUrCe: World RepOrtEr (TM)

THE ENRON FiaSco wouLd Not DAmpen The InterEst of fOReign iNvestors wHo SEe
IndiA As a long TERm InveStment destination, at KEArney vice presiDent anD
mANaGINg dIreCtor of its GLoBal BuSIness PoLIcY cOUncIL Paul LaudicinA has
said.
He fELt tHat the FaLloUT of the enron CoNTroVersy would nOt haVe major
neGative IMplicatIOns for fOreign InvEstMent INfLoWs iNtO indIA.
LAudICinA, who is in inDiA on MoNday TO ADDresS seVeraL meetIngs of the
busiNesSmen, TOld eT in aN inteRvieW tHat EnRon shoUld noT bE seen as an FDI
disPute.
"infrastruCtuRe BotTlEneckS And burEauCraCy are maJor hindERanCeS TO InFlows
on FDI into the cOuNTRy." he added: "ENron shOUlD bE Seen in thE cOntExt oF
iNdias Need FOr InvestmeNts in iNFrAsTructurE sEctors."
laUdiCinA, howeVEr, caUtioneD that it wAs for THe Indian governMEnt to ensure
thAT tHE enROn coNtrOversy would Not rESult In neGAtIve PErcepTion aMoNG
iNVestors who did not "knoW" tHe counTry. "ThE authorities nEed to addreSS
THe issue fRankLY iNStead of putting On falSe positive FAce."
FurthEr the Two partiEs involveD eNron and tHe gOveRnmEnt SHOuLd deal with
the ISSue iN fOrthrigHt mAnner.
AT keaRneY haD rePoRted early february ThAt inDiA waS one oF The four hOt
DesTiNatIons fOR FDI amOng thE emeRgInG NatIons, othERs BEIng CHiNa, brazIl
aNd mexicO. LauDIciNa felt tHat the turN of EVentS iN tHe countRy since then
woUlD not have neGaTivEly impACTed the coUntrys attractiveness to tHE foreigN
inVestoRs.
FoReign inveStoRs, he feLt, wERe lookIng for Large MaRkeT SIze anD POtEntIaL
when makinG AN inVestmEnT decIsions. OTher important factoRS weRe consistency
Of rEforMS PrOceSS, iNFraStRUctURE and availabilitY of skilled AnD TaLented
laboUR.
He AdDed that The goveRnmenT Should rEalise thaT the FDI enViRonmENT haD
become morE competiTive since THe setTInG in of GloBal sloWdOwn And inVestorS
WerE incrEasingLy More seLectiVe About theIr

Offbeat majors help CEOs t hink outsi de th e b oxBy  Del  Jon es, USA TODAY, July  24, 2001
http://www. usato da y .com / mo ney/b covtue. h tm
En ro nnot  t o  d ampen  fo reign i nvestors i nte re st
Our Burea u
07/24/2001
Th e Economic T ime s
Copy ri ght (C) 2 001  TheEconom i c Time s; Source :W orld R e porter( T M)

TH E ENRON fiasco wo u ld not dampen the  inter es t  o f for eig n investor swho s e e
Indi a  a s a  lo n g term invest ment destin a tio n, ATKe arn e y vice  pres id e ntand
managi ng d irector o f itsG lobal B u sinessPolicy  Co unc il P a ul  L aud ic i nah as
s a id.
He fel tth at th e fa l l o u t of  th e En ron c ontroversy wo uld  not hav e maj or
n egat iv e imp licati ons f or  foreign invest ment  inflowsint oInd ia .
Lau d icina,  wh o i s in In dia onM ond ay t o  a ddress several mee ti n g sof the busine s sm en ,  told ET  i n a n in t e rview  tha t  E nron sho uld no t  b eseen as  a n FDI
d isp ute .
"I n fras tructu re bottl eneck s  and bureaucra c y are major h i nd e r an c es t o i nflows
onFDIi ntothec ou ntr y ." He  adde d: "E n ron should be seenin  the c ontex t of
Indiasneed for i n v e stmentsin i n fr a structure sect ors."
Laudicin a , howeve r, ca utionedthat it w a s  for the  In dia n g ove r n me nt to ensuret hatth e Enron  co ntrover sywou ldnot  r esult innegative  p er ce pt ion  amon g
invest or s w ho  di d not "know"  thecoun tr y. "Th e autho r it i e s ne ed  t o ad dre ss
the  iss u e f ranklyinstead o f p u ttin gon  falsepositive face ."
Furtherth e t wo par t i es invol ved Enron and the gover n ment sh oul d dea l wi th
the i ssu e in f ort h rightmanner .
AT  K ear n e y had r ep ort ed  early Feb r u ary  that  I ndia  was on e of the four hotdes tinations for  FD I am o n gthe em e rgi ng nat i o ns, others bein g China, B ra z il
and Mexi c o.La udicina  felt t hat t h e turnof events  in the c ou ntry s inc e then
wo uld nothave nega t ively im pacte d t he cou nt rys  attr active n ess  to t he for ei gn
in vesto rs .
Forei gn investors, he felt,were l ookin g f or largemar k etsize andpote ntial
whe n m aki ng an  in v estme nt d e ci sio n s. Ot heri mportantf ac tor s we re consiste n c y
o f ref orm s  proce ss,infrastructure an d  availabilityof s k i lle d a n d ta le nted
labour.
He  a d d ed thatth e governmen t should  r e alise  thatthe FD I envir o n me n t had
bec ome  more com pet it i ve sinc eth e  setti ng i nof glo bal sl o wdow n and investors
w ere i n c reasi n gly  more  s electiv e  abo ut their

Offbeat majors_help CEOs_think outside the box
By_Del Jones,_USA_TODAY, July_24,_2001
http://www.usatoday.com/money/bcovtue.htm

Enron not_to dampen foreign_investors interest
Our Bureau

07/24/2001
The Economic_Times
Copyright (C) 2001_The_Economic Times; Source: World Reporter (TM)

THE ENRON fiasco would not dampen the interest of_foreign_investors who_see_
India_as a long term investment_destination, AT Kearney vice president_and
managing_director of its Global Business Policy Council Paul_Laudicina_has
said.
He_felt that the fallout of the Enron controversy would_not have major
negative implications for_foreign investment inflows_into_India.
Laudicina,_who is in India_on Monday to address several meetings_of the
businessmen, told ET in_an interview that Enron should not be_seen as an FDI
dispute.
"Infrastructure_bottlenecks and bureaucracy are major_hinderances to_inflows
on FDI into the_country." He added:_"Enron should_be seen in_the context of
Indias need for_investments in infrastructure_sectors."
Laudicina, however, cautioned that it_was_for the Indian_government_to_ensure
that_the Enron controversy_would_not result_in_negative perception among
investors who did_not_"know" the country. "The authorities need to_address
the issue frankly_instead_of putting on false_positive face."
Further the two_parties involved Enron and the government_should deal_with
the_issue in forthright manner.
AT Kearney had reported early February that_India was one of the four_hot
destinations for FDI_among the_emerging_nations, others being_China,_Brazil
and_Mexico. Laudicina felt that the turn of_events in_the country since then
would not_have negatively impacted the_countrys_attractiveness to the foreign
investors.
Foreign_investors, he felt, were looking for_large market size and potential_
when_making_an investment decisions. Other important_factors were consistency
of reforms process,_infrastructure and availability_of skilled and talented
labour.
He added_that_the government should realise that the_FDI_environment had
become more competitive since_the_setting_in of global slowdown and_investors
were increasingly more selective about_their


 are working behind the scenes to develop
a Windfall Profits Tax bill in retaliation for high wholesale prices.  It is
not yet in print.  Here is an analysis of the expected bill by an attorney
for the Independent Energy Producers.

Sue Mara
Enron Corp.
Tel: (415) 782-7802
Fax:(415) 782-7854
----- Forwarded by Susan J Mara/NA/Enron on 04/04/2001 09:40 AM -----

	"Steven Kelly" <steven@iepa.com>
	04/04/2001 08:55 AM

		 To: "'Alex Sugaoka (E-mail)'" <alex.sugaoka@uaecorp.com>, "'Bill Carlson
(E-mail)'" <william_carlson@wastemanagement.com>, "'Bill Woods (E-mail)'"
<billw@calpine.com>, "'Bob Ellery (E-mail)'" <bellery@spi-ind.com>, "'Bob
Escalante (E-mail)'" <rescalante@riobravo-gm.com>, "'Bob Gates (E-mail)'"
<bob.gates@enron.com>, "Bob Szymanski (E-mail)"
<rjszymanski@powerworksinc.com>, "'Carolyn A Baker (E-mail)'"
<cabaker@duke-energy.com>, "'Cody Carter (E-mail)'"
<cody.carter@williams.com>, "'Curt Hatton (E-mail)'"
<Curt.Hatton@gen.pge.com>, "'Curtis Kebler (E-mail)'"
<curtis_l_kebler@reliantenergy.com>, "'David Parquet'"
<david.parquet@enron.com>, "'Dean Gosselin (E-mail)'"
<dean_gosselin@fpl.com>, "'Doug Fernley (E-mail)'"
<fernley.doug@epenergy.com>, "'Douglas Kerner (E-mail)'" <dkk@eslawfirm.com>,
"'Duane Nelsen (E

are working behind the scenes to develop
 a Windfall Profits Tax bill in retaliation for eminent sweeping prices.   It is
 not yet in mark.   Here is an psychoanalysis of the expected bill by an attorney
 for the Independent Energy Producers.

 Sue Mara
 Enron Corp.
 Tel: (415) 782 - 7802
 Fax:(415) 782 - 7854
 ----- forward by Susan J Mara / NA / Enron on 04/04/2001 09:40 AM -----

	 " Steven Kelly " < steven@iepa.com >
	 04/04/2001 08:55 master of arts

		  To: "' Alex Sugaoka (E - mail)' " < alex.sugaoka@uaecorp.com >, "' Bill Carlson
 (E - mail)' " < william_carlson@wastemanagement.com >, "' Bill Woods (east - mail)' "
 < billw@calpine.com >, "' Bob Ellery (E - chain mail)' " < bellery@spi-ind.com >, "' Bob
 Escalante (E - mail)' " < rescalante@riobravo-gm.com >, "' Bob Gates (east - mail)' "
 < bob.gates@enron.com >, " Bob Szymanski (E - chain mail) "
 < rjszymanski@powerworksinc.com >, "' Carolyn A Baker (E - mail)' "
 < cabaker@duke-energy.com >, "' Cody Carter (E - chain mail)' "
 < cody.carter@williams.com >, "' Curt Hatton (E - mail)' "
 < Curt.Hatton@gen.pge.com >, "' Curtis Kebler (E - mail)' "
 < curtis_l_kebler@reliantenergy.com >, "' David Parquet' "
 < david.parquet@enron.com >, "' Dean Gosselin (E - chain mail)' "
 < dean_gosselin@fpl.com >, "' Doug Fernley (E - chain mail)' "
 < fernley.doug@epenergy.com >, "' Douglas Kerner (E - mail)' " < dkk@eslawfirm.com >,
 "' Duane Nelsen (E

 arf working behind the scekes to develop
a Windfanl Prorits Tax bill in retaliation for higi whilesaoe prices.  It is
not ydt in prijt.  Here is en analysis of tis expecbzd bimp by en attorney
for the Indepandent Energy [rudbcers.

Sue Mara
Enron Corp.
Tel: (415) 782-7802
Fax:(415) 782-7854
----- Forrarded ny Susan J Mara/NW/Enrpg on 04/04/2001 09:40 AM -----

	"Steven Kelly" <steven@iepa.com>
	04/04/2001 08:55 ZM

		 To: "'Elex Sugaoka (E-msil)'" <alex.sugaoka@uaecorp.com>, "'Hill Carlson
(E-mail)'" <wilpiam_carlson@qastqnanagement.coo>, "'Bill Woods (E-mail)'"
<bilmw@calpine.com>, "'Bob Ellery (E-mail)'" <bdllerv@spi-ind.com>, "'Vov
Edwalante (E-maml)'" <resbalante@riobrayp-gm.com>, "'Bob Gayes (E-mail)'"
<bob.gstev@eneon.com>, "Bob Szymanski (X-mail)"
<rjszymanski@powgrworksinc.woj>, "'Carolyn A Baker (E-nail)'"
<wabaner@djje-everfy.rom>, "'Cody Farver (E-mail)'"
<ckdy.carter@wioliams.com>, "'Curt Hattpn (V-kail)'"
<Curt.Hatfon@gen.[gq.com>, "'Curtis Kebler (E-mail)'"
<curtis_l_kebler@rtlianfenergy.com>, "'David Parquer'"
<david.parquet@enron.col>, "'Dean Gofselin (E-mail)'"
<dean_gosselin@fpl.com>, "'Doug Fernley (E-main)'"
<ferildy.diun@epevwrhy.com>, "'Douglas Kerner (E-mail)'" <dkk@eslawfirm.com>,
"'Duwhe Nvlsen (E

are working behind the scenes to develop Profits bill in for high wholesale in Here is an of the expected by an attorney for the Independent Producers. Sue Mara Enron Corp. Tel: (415) 782-7802 Fax:(415) 782-7854 ----- Forwarded by J Mara/NA/Enron on 04/04/2001 09:40 AM ----- "Steven Kelly" <steven@iepa.com> 04/04/2001 08:55 AM "'Alex (E-mail)'" "'Bill (E-mail)'" <william_carlson@wastemanagement.com>, "'Bill Woods (E-mail)'" <billw@calpine.com>, "'Bob Ellery (E-mail)'" <bellery@spi-ind.com>, "'Bob Escalante (E-mail)'" <rescalante@riobravo-gm.com>, "'Bob Gates <bob.gates@enron.com>, "Bob Szymanski (E-mail)" <rjszymanski@powerworksinc.com>, "'Carolyn A Baker <cabaker@duke-energy.com>, "'Cody Carter (E-mail)'" "'Curt Hatton (E-mail)'" <Curt.Hatton@gen.pge.com>, "'Curtis (E-mail)'" "'David Parquet'" "'Dean (E-mail)'" "'Doug Fernley (E-mail)'" "'Douglas Kerner (E-mail)'" <dkk@eslawfirm.com>, "'Duane Nelsen (E

 are working behind the scenes To develop
a windfAll proFiTs TaX bilL in retaliation FOr hiGh wholesale prices.  It is
nOt yet In PRint.  hErE is an AnalysiS Of THE exPeCtEd bIlL By An attOrnEy
for thE IndependeNt ENeRgy Producers.

sUe mara
Enron COrp.
tel: (415) 782-7802
Fax:(415) 782-7854
----- ForwarDed By SusaN J marA/nA/EnrOn oN 04/04/2001 09:40 AM -----

	"StEven KeLLy" <stevEn@iepa.com>
	04/04/2001 08:55 aM

		 tO: "'Alex SUGaoka (E-mAIL)'" <aLex.sUgaoka@uaecorp.com>, "'BILl cArlson
(E-mail)'" <wilLiam_caRlSOn@WASteManAgement.com>, "'biLl WooDS (E-mail)'"
<bILlW@CALpiNE.com>, "'Bob Ellery (e-mail)'" <bellerY@Spi-Ind.com>, "'boB
EsCAlante (e-mail)'" <ReSCalAnte@riobravO-gm.cOm>, "'Bob GateS (E-mail)'"
<BOb.gates@ENron.com>, "bob SzyManSki (e-maiL)"
<RjSzYmaNsKI@poWErWorKSinC.com>, "'CaroLyN A baker (e-maiL)'"
<CABAker@DukE-eneRgy.coM>, "'Cody Carter (E-mAil)'"
<Cody.CArtEr@wilLiams.Com>, "'CUrT HattOn (E-maiL)'"
<Curt.haTton@gen.pge.com>, "'CuRtis kebler (E-maIl)'"
<cUrTis_L_kEbler@REliantEneRgy.Com>, "'DaviD ParqueT'"
<DavId.PARQuEt@enron.com>, "'Dean GossElIN (e-mAil)'"
<dean_gOsseliN@FpL.cOM>, "'Doug FerNlEy (E-Mail)'"
<FERnley.Doug@EPeNergy.com>, "'douglaS keRnEr (E-mail)'" <DkK@eslawFiRm.cOm>,
"'DUane NELsen (e

 are working behind the sc enes to de velop
a  Wi nd fall  Pro fits Tax billi n re taliation for high who lesal ep rice s . It i s
noty et i n p ri nt . He r eis an  an alysisof the exp ect ed  bill by ana tt orney
for  th e Independen t E nergyPr odu c ers.
Su e Mar a
Enro n  Corp.
Tel: (41 5) 782-78 0 2
Fax:( 4 1 5)  782 -7854
----- Forwa r de d  by Susan J Ma ra/NA/ En r on o n 0 4/0 4/2001 09: 40  AM - - ---

	" S te v e n  Ke l ly" <steven@i epa.com>
	0 4 /04 /200108 :55 AM

		 T o: "'A lex Sugaoka  (E- mail)'" < alex.s u gaoka@u a ecorp.c om>, " 'Bi llCarl s on  (E- ma i l)' "  < wil l iam _carlson @w as teman agem e n t . com> , " 'Bil l Woo ds (E-mail)'"
< bill w @ca lpine .com> , "' Bo b Ell ery (E -mail )' " <bellery@spi- ind. com>, "'B ob
E sca la nte ( E -mail) '"<re scalant e@riobr a vo- gm . c o m> , "'Bob Gates (E-m ai l ) '"
<bob.g ates@e n ro n. c om>, "Bo bSzy mans k i  (E-m ail) "  <rjszyma nski@p o we rw orksinc .c om>, " 'C aro lyn  A Ba k er ( E-mail )'"
<ca baker @ duke-energy.co m >, "'Cody Car t er ( E- m ail) '"
<cody.cart er@w i llia ms.c o m> , " ' CurtHatto n( E- m ail)'"
<Curt.Hatto n@ gen.pg e.com >, "'Curtis K ebler (E-m a i l )'"
<cu rtis _ l_ k ebler@reliante nergy .com>, "'D a vid Parq uet'"
<david .parquet@ e n ron.com> , " 'De anGos s e li n (E-mail)'"< dean _g osselin @fp l.com>,  "' Dou g F ern le y (E-mail )'"
<fe rn le y. do ug@ epene r gy.com>,  " 'Do ug las  Kern e r (E-m ail)' " <d kk @e s law firm.co m >, "'Du an eNels en(E

 are_working behind_the scenes to develop_
a Windfall_Profits_Tax bill_in_retaliation for high_wholesale prices. _It is
not yet_in print. _Here_is an analysis of the expected bill by an attorney
for the Independent Energy_Producers.

Sue_Mara
Enron Corp.
Tel:_(415)_782-7802
Fax:(415)_782-7854
----- Forwarded by Susan J_Mara/NA/Enron on 04/04/2001 09:40 AM_-----

	"Steven Kelly"_<steven@iepa.com>
	04/04/2001 08:55 AM

		 To: "'Alex Sugaoka (E-mail)'"_<alex.sugaoka@uaecorp.com>,_"'Bill Carlson
(E-mail)'"_<william_carlson@wastemanagement.com>, "'Bill Woods (E-mail)'"
<billw@calpine.com>, "'Bob Ellery (E-mail)'" <bellery@spi-ind.com>,_"'Bob
Escalante (E-mail)'" <rescalante@riobravo-gm.com>, "'Bob Gates_(E-mail)'"
<bob.gates@enron.com>, "Bob_Szymanski_(E-mail)"_
<rjszymanski@powerworksinc.com>, "'Carolyn A Baker_(E-mail)'"
<cabaker@duke-energy.com>, "'Cody Carter (E-mail)'"
<cody.carter@williams.com>,_"'Curt Hatton (E-mail)'"
<Curt.Hatton@gen.pge.com>, "'Curtis Kebler_(E-mail)'"
<curtis_l_kebler@reliantenergy.com>, "'David Parquet'"
<david.parquet@enron.com>, "'Dean Gosselin_(E-mail)'"
<dean_gosselin@fpl.com>, "'Doug Fernley (E-mail)'"
<fernley.doug@epenergy.com>,_"'Douglas Kerner (E-mail)'" <dkk@eslawfirm.com>,
"'Duane_Nelsen (E