Q: We'll do the regularly scheduled update next week 11/5 when we will hopefully have more market feedback. Right now we are still working to secure market commitment and design rate structures that meet their needs and Enron's hurdle rates. Please call me if you have questions. kh
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A: postponed Sun Devil update for Monday 10/29

Q: We are prepared to file the Hart-Scott-Rodino ("HSR") Form with the Federal Trade Commission and Department of Justice on Tuesday, Nov. 13th. I have received the necessary statutory notice from Dynegy that was a prerequisite to our filing. Please confirm to me that since Friday, Nov. 12th, we have not prepared any additional HSR Item 4(c) documents in connection with the proposed merger or Northern Natural Gas transactions with Dynegy. Item 4(c) requires the parties to the filings to provide to the FTC and to the DOJ the following: "all studies, surveys, analyses and reports which were prepared by or for any officer(s) or director(s) (or, in the case of unincorporated entities, individuals exercising similar functions) for the purpose of evaluating or analyzing the acquisition with respect to market shares, competition, competitors, markets, potential for sales growth or expansion into product or geographic markets..." Please also circulate this E-Mail to any other member of the Working Group who may have knowledge or possession of any Item 4(c) documents. Thanks for your help!
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A: HSR Filing - Tuesday, Nov. 13th - URGENT

Q: Jason, our new computer floortech, has discovered why we can't get into the system. He spoke to the Tradespark people and Tradespark is an NT system, and they won't have Microsoft 2000 compatibility for several months. We cannot install NT on each of your individual computers, Jason says you can only have one system at any given time, so I have asked him to locate an unused terminal on the floor and install NT on that computer. As soon as we have it up and running, I will let you know and you will have to do your review at that terminal. Thanks for your patience.
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A: Tradespark Website Access

Q: Over the past few months, Enron Global Finance has been evaluating various opportunities where Enron and Smith Graham & Company may be able to work together. Unfortunately, the process was slowed when our primary contact at Smith Graham, Gabriel Hayes, left the firm earlier this year. We have since reestablished discussions and the Global Finance Group is preparing a proposal that a portion (about $30 million) of the Enron Cash Balance Plan portfolio be dedicated to an emerging managers portfolio. One-third of this money ($10 million) would be invested in bonds, which could be placed with Smith Graham, as the fixed-income manager . (Total Plan assets are about $235 million.) The proposal will be submitted to the Plan Administrative Committee at its quarterly meeting on May 3rd. The proposal should be well received as the Committiee has previously requested that we optimize our existing allocation to minority money managers. Gerald Smith has been advised that Enron is looking at ways to allocate money to the firm, and that a decision should be reached sometime in May. We have not communicated the specific details of our intentions as of yet pending the outcome of the May 3rd meeting. I am available for further discussion at your convenience. Regards,
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A:
Gerald Smith