If you have any questions, please contact Kristin Walsh at (713) 853-9510.

Bridge Loan Financing Bills May Not Meet Their May 8th Deadline Due to Lack
of Support
Sources report there will not be a vote regarding the authorization for the
bond issuance/bridge loan by the May 8th deadline.   Any possibility for a
deal has reportedly fallen apart.  According to sources, both the Republicans
and Democratic caucuses are turning against Davis.  The Democratic caucus is
reportedly "unwilling to fight" for Davis.  Many legislative Republicans and
Democrats reportedly do not trust Davis and express concern that, once the
bonds are issued to replenish the General Fund, Davis would "double dip" into
the fund.  Clearly there is a lack of good faith between the legislature and
the governor.  However, it is believed once Davis discloses the details of
the power contracts negotiated, a bond issuance will take place.
Additionally, some generator sources have reported that some of the long-term
power contracts (as opposed to those still in development) require that the
bond issuance happen by July 1, 2001.  If not, the state may be in breach of
contract.  Sources state that if the legislature does not pass the bridge
loan legislation by May 8th, having a bond issuance by July 1st will be very
difficult.

The Republicans were planning to offer an alternative plan whereby the state
would "eat" the $5 billion cost of power spent to date out of the General
Fund, thereby decreasing the amount of the bond issuance to approximately $8
billion.  However, the reportedly now are not  going to offer even this
concession.  Sources report that the Republicans intend to hold out for full
disclosure of the governor's plan for handling the crisis, including the
details and terms of all long-term contracts he has negotiated, before they
will support the bond issuance to go forward.

Currently there are two bills dealing  with the bridge  loan; AB 8X and AB
31X.  AB 8X authorizes the DWR to sell up to $10 billion in bonds.  This bill
passed the Senate in March, but has stalled in the Assembly due to a lack of
Republican support.  AB 31X deals with energy conservation programs for
community college districts.  However, sources report this bill may be
amended to include language relevant to the bond sale by Senator Bowen,
currently in AB 8X.  Senator  Bowen's language states that the state should
get paid before the utilities from rate payments (which, if passed, would be
likely to cause a SoCal  bankruptcy).

According to sources close to the Republicans in  the legislature,
Republicans do not believe there should be a bridge loan due to money
available in the General Fund.  For instance, Tony  Strickland has stated
that only 1/2 of the bonds (or approximately $5 billion)  should be issued.
Other Republicans reportedly do not support issuing any  bonds.  The
Republicans intend to bring this up in debate on  Monday.  Additionally,
Lehman Brothers reportedly also feels that a  bridge loan is unnecessary and
there are some indications that Lehman may  back out of the bridge loan.

Key Points of the Bridge Financing
Initial Loan Amount: $4.125 B
Lenders:  JP Morgan  $2.5 B
   Lehman Brothers  $1.0 B
   Bear Stearns  $625 M
Tax Exempt Portion: Of the $4.125 B; $1.6 B is expected to be tax-exempt
Projected Interest Rate: Taxable Rate  5.77%
   Tax-Exempt Rate  4.77%
Current Projected
Blended IR:  5.38%
Maturity Date:  August 29, 2001
For more details please contact me at (713) 853-9510

Bill SB 6X Passed the Senate Yesterday, but Little Can be Done at This Time
The Senate passed SB 6X yesterday, which authorizes $5  billion to create the
California Consumer Power and Conservation  Authority.    The $5 billion
authorized under SB 6X is not the  same as the $5 billion that must be
authorized by the legislature to pay for  power already purchased, or the
additional amount of bonds that must be authorized to pay for purchasing
power going forward.  Again, the Republicans are not in support of these
authorizations.  Without the details of the long-term power contracts the
governor has  negotiated, the Republicans do not know what the final bond
amount is that must  be issued and that taxpayers will have to pay to
support.   No further action can be taken regarding the implementation of  SB
6X until it is clarified how and when the state and the utilities get paid
for purchasing power.    Also, there is no staff, defined purpose, etc. for
the California Public Power and Conservation Authority.  However, this can
be considered a victory for consumer advocates, who began promoting this
idea  earlier in the crisis.

SoCal Edison and Bankruptcy
At this point, two events would be likely to trigger a SoCal bankruptcy.  The
first would be a legislative rejection of the MOU between SoCal and the
governor.  The specified deadline for legislative approval of the MOU is
August 15th, however, some decision will likely be made earlier.  According
to sources, the state has yet to sign the MOU with SoCal, though SoCal has
signed it.  The Republicans are against the MOU in its current form and Davis
and the Senate lack the votes needed to pass.  If the legislature indicates
that it will not pas the MOU, SoCal would likely file for voluntary
bankruptcy (or its creditor - involuntary) due to the lack operating cash.

The second likely triggering event, which is linked directly to the bond
issuance, would be an effort by Senator Bowen to amend SB 31X (bridge loan)
stating that the DWR would received 100% of its payments from ratepayers,
then the utilities would receive the residual amount.  In other words, the
state will get paid before the utilities.  If this language is included and
passed by the legislature, it appears likely that SoCal will likely file for
bankruptcy.  SoCal is urging the legislature to pay both the utilities and
the DWR proportionately from rate payments.


Attached please find the translated news clips from Bolivia (February 9).

Best regards.


Today, we announced plans to merge with Dynegy, a major player in the energy marketplace and one of our largest counterparties.  Dynegy is a great company with businesses very similar to our own.  We believe merging with Dynegy is the best option to preserve our core businesses that you've worked so hard to build.  Following are the major components of the transaction.

Deal Terms

--	The transaction will constitute a stock for stock exchange based on an exchange ratio of 0.2685 Dynegy shares for every Enron share.  For example, each 1,000 shares of Enron stock will be converted to 268 shares of Dynegy upon closing, plus cash for fractional shares, upon closing.
--	ChevronTexaco owns approximately 26 percent of Dynegy's outstanding common stock.  ChevronTexaco will invest $1.5 billion in Dynegy immediately and an additional $1 billion in Dynegy on closing of the merger.  Dynegy will immediately invest $1.5 billion in cash in Enron's Northern Natural Gas subsidiary in exchange for preferred stock in Northern Natural Gas.
--   Total outstanding shares of the combined company are expected to be approximately 700 million shares.
--   The transaction is subject to shareholder and regulatory approvals, and is expected to close late next year.

Enron will have immediate access to Dynegy's $1.5 billion cash investment in Enron's Northern Natural Gas subsidiary.

Management of Newly Formed Company

Chuck Watson will be chairman and CEO of the newly formed company, which will be called Dynegy Inc., and Steve Bergstrom will be president and COO.

I will continue to serve as chairman and CEO of Enron until the transaction closes.  I will not join the Dynegy Office of the Chairman.  Greg Whalley will continue to serve as president and COO of Enron until the transaction closes.  Then he will become an executive vice president of the new company and will join the Dynegy Office of the Chairman.  Mark Frevert will continue as vice chairman of Enron.

Management from Enron and Dynegy will work together to ensure a smooth, efficient integration.  The make-up of the integration team has not yet been determined.

The merger will be a long and complex process and is expected to close by the end of the third quarter 2002.  This merger will create an enormous growth engine, providing great opportunities for our employees, shareholders and customers.  As with any merger, some elimination of positions is almost inevitable, and one of our key tasks will be to identify the optimal structure of the new company.  We hope to be able to address any need for work force reductions through attrition and hiring reductions.  Clearly, we cannot rule out involuntary separation, but Dynegy is motivated to identify and retain the best talent from both organizations.  I promise you that I will do everything I can to make this transition as smooth as possible.

As I said in my video, this is a day like no other in our company's history.  We considered several options, but we believe that this merger with Dynegy is the best option to help rebuild investor and market confidence, strengthen our balance sheet and preserve our core businesses.

I know you have a lot of questions about this transaction and about next steps.  We have a list of frequently asked questions posted at <http://home.enron.com/updates/>.  If you have additional questions, please submit them to questions@enron.com <mailto:questions@enron.com>.  We will post updates as soon as we have answers to your questions.  If you receive any calls from the media, please refer them to our media team at (713) 853-5670.

I ask you to consider the enormously bright future of the newly formed company.  Rather than closing doors, we are opening new ones, as this deal enables the customers and shareholders of both companies to participate in the tremendous benefit of the combined enterprise, including our market reach, financial strength and industry experience.  Together, we will be a new merchant powerhouse.

And again, thank you for everything you have done for Enron.

Investors and security holders are urged to carefully read the joint proxy statement/prospectus regarding the proposed transactions when it becomes available, because it will contain important information.  Investors and security holders may obtain a free copy of the joint proxy statement/prospectus (when it is available) and other documents containing information about Dynegy and Enron, without charge, at the SEC's web site at www.sec.gov.  Copies of the joint proxy statement/prospectus and the SEC filings that will be incorporated by reference in the joint proxy statement/prospectus may also be obtained for free by directing a request to either:  Investor Relations, Dynegy Inc., 1000 Louisiana, Suite 5800, Houston, TX 77002, Phone:  (713) 507-6400, Fax:  (713) 507-6808; or Investor Relations, Enron Corp., 1400 Smith Street, Houston, TX 77002, Phone:  (713) 853-3956, Fax:  (713) 646-3002.

In addition, the identity of the persons who, under SEC rules, may be considered "participants in the solicitation" of Dynegy and Enron shareholders in connection with the proposed transactions, and any description of their direct or indirect interests, by security holdings or otherwise, are available in an SEC filing under Schedule 14A made by each of Dynegy and Enron.


NEWS FLASH!!!!

The Supreme Court of the United States has ruled that there cannot be a
nativity scene in Washington, D.C. this Christmas. The Court ruling is not
based on the seperation of Church and State  Simply put, the  Court felt it
could not find three wise men and a virgin in the Nation's capitol. However,
finding enough Asses to fill the stable would not be a problem.


Start Date: 4/18/01; HourAhead hour: 3;  No ancillary schedules awarded.  No
variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001041803.txt


As you are aware, your business unit has been selected to participate in
Project GEM (Global Enron Migration) for the rollout of Windows 2000.  In
preparation for this rollout, it is imperative that we gather information
about your workstation and the applications you use.  To begin this data
collection, we have automated the process.  In fact, your system has just
been inventoried.   Once this information is received, we will be working
with your local department coordinator to consolidate this information to
ensure this transition is as smooth as possible.

The GEM team would like to thank you for your participation.  If you have any
questions, please contact Kacee Downey (713)345-5641.


Rod,
    I'd love to queue up a discussion about CMS and/or WMB, so that the Board is thinking "large acquisition".  I just don't know if we'll be ready.  I've talked with Whalley, and he's let us come in at the last minute or call a special meeting if a big deal becomes evident.  Also, Greg wants us to be very sensitive about capital structure in addition to operating cash flow.  Therefore, I'd like to start getting Tim DeSpain involved.  Does that make sense?

Dan

 -----Original Message-----
From: 	Hayslett, Rod
Sent:	Wednesday, September 19, 2001 4:11 PM
To:	McCarty, Danny
Subject:	FW: Enron Corp. Board of Directors Meeting - October 9, 2001

Anything you think we might want to think about queueing up here?

 -----Original Message-----
From: 	Johnson, Kelly   On Behalf Of Carter, Rebecca
Sent:	Wednesday, September 19, 2001 2:13 PM
To:	Beck, Sally; Blachman, Jeremy; Bowen Jr., Raymond; Brown, Michael - COO London; Buchanan, Harold; Buy, Rick; Causey, Richard; Cheek, Charles; Cline, Wade; Cox, David; Derrick Jr., James; Dietrich, Janet; Donahue, Jeff; Elliott, Steve; Fallon, Jim; Fastow, Andrew; Frevert, Mark; Glisan, Ben; Hannon, Kevin; Hayslett, Rod; Horton, Stanley; Hughes, James A.; Kean, Steven J.; Kimberly, Kelly; Kitchen, Louise; Koenig, Mark; Lavorato, John; Lay, Kenneth; Leff, Dan; McCarty, Danny; Mcconnell, Mike; McDonald, Rebecca; McMahon, Jeffrey; Metts, Mark; Muller, Mark; Olson, Cindy; Pickering, Mark; Piper, Greg; Rice, Ken; Scrimshaw, Matthew; Shankman, Jeffrey A.; Sherrick, Jeffrey; Sherriff, John; Skilling, Jeff; Sunde, Marty; Whalley, Greg
Cc:	Adams, Jennifer; Aden, Beverly; Armstrong, Julie; Blackwood, Connie; Bolen, Vivianna; Brelsford, Loretta; Burns, Jennifer; Butler, Alan; Campos, Kathy; Chapman, Kay; Dauterive, Inez; Davidson, Binky; Daw, Nicki; Dick, Sharon; Dodgen, Kathy; Dorsey, Joyce; Ferrari, Kerry; Fisher, Dolores; Fleming, Rosalee; Ford, Sue; Gadade, Mrudula; Harris, Stephanie J; Hawkins, Linda; Hillis, Kimberly; Hinojosa, Esmeralda; Iannarone, Lauren; Joyce, Mary; Lapsley, Carol; Lawless, Michelle; Lopez-Dias, Samantha; Maronge, Bridget; Marshall, Lucy; Mcginnis, Stephanie; McMahon, Kathy; McVicker, Maureen; Paxton, Jana L.; Phillips, Cathy; Rapacioli, Marisa; Rijo, Leah; Schiller, Marsha; Schoppe, Tammie; Sera, Sherri; Slade, Nikki; Spiller, Tina; Stark, Caron; Sullo, Sharon E; Taylor, Liz M.; Urquhart, Lauren; Valdez, Christina; Valdez, Veronica; Walker, Stacy; West, Terry; Westbrook, Sharron; Williamson, Joannie; Wright, Teresa
Subject:	Enron Corp. Board of Directors Meeting - October 9, 2001

 << File: Agndareq.doc >>

Kelly M. Johnson
Executive Assistant
Enron Corp.
Tel: 713-853-6485
Fax: 713-853-2534
E-Mail: kelly.johnson@enron.com


Your mom is so fat that God said "Let there be light," right after she moved
her fat ass.


CALENDAR ENTRY:	INVITATION

Description:
	Operational Risk Forum 30C2

Date:		10/15/2001
Time:		11:30 AM - 1:00 PM (Central Standard Time)

Chairperson:	Stacey W White

Detailed Description:


Your order is being processed and is detailed below.

Order Number: 1939677
------------------------------------------------------------------------------
Qty  Desc                Size     Color   Unit Cost   Total Cost    Status
------------------------------------------------------------------------------

  1  10"omelette,non-sti                        110.00      110.00
shipped

------------------------------------------------------------------------------

SubTotal:         110.00
Shipping:           8.95
Tax:                9.81
GrandTotal:       128.76

All in stock items will ship via UPS within 2 business days. Please allow 7-10
business days for regular shipping and 2-3 days for express delivery.

If any of the items on your order shows a status of 'shipped', you can
track your shipment by logging on to http://WWW.UPS.COM and clicking on the
TRACK icon. Scroll Down and Select TRACK BY REFERENCE NUMBER then key in
the reservation number for that item found below.

Item Desc            Resv Num
----------------------------------------
10"OMELETTE,NON-STI  63684146

If you have questions about your order, e-mail us at
Customer_Service@dillards.com or call 1-800-345-5273.

Thank you for shopping Dillard's Direct.


Get ready.  Beginning in November, electronic pay stubs will be available to all employees who have their paychecks direct deposited into their bank account.  Electronic pay stubs are an easy, fast, and efficient way for you to get your payroll information.  They will also help Enron to realize a considerable savings in time and dollars spent over traditional printed pay stubs.

If you prefer to receive a hardcopy of your pay stub, click on the link below to complete a request form.  This form must be submitted to Payroll by October 15, 2001.  Unless you submit a form your pay stub information will default to electronic viewing.

Please click on the link below.

Name:             ERIC SAIBI
Personnel number: P00502568
Phone:            713-853-5012

If you have questions about electronic pay stubs, please contact Janice Priddy (Payroll) 713-853-7839 or Marie Newhouse (ClickAtHome) at 713-345-4185 or send an email to  Enron.Payroll@enron.com (Enron Payroll in Outlook).

Stay tuned for more details in the coming weeks.

http://etcsurvey.corp.enron.com/wi/p0810709/i.asp?r=14503&s=UAEKXWUJ&l=9


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We hope     you enjoyed receiving this message. However, if you'd
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and under the Your Account Settings  heading,                     click the
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Please note   that this message was sent to the following  e-mail address:
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Thanks, Jeff.

 -----Original Message-----
From: 	Shankman, Jeffrey A.
Sent:	Wednesday, October 24, 2001 3:56 PM
To:	Su, Ellen
Subject:	RE: John Zufferli Memo

Excellent memo.  It should come from you and Pushkar, to Zufferli, Lavorato, Hickerson, and me.

Thanks, and sorry you had to do this, but I think it will ultimately be very helpful.

Jeff

 -----Original Message-----
From: 	Su, Ellen
Sent:	Wednesday, October 24, 2001 12:31 PM
To:	Shankman, Jeffrey A.
Cc:	Hickerson, Gary
Subject:	John Zufferli Memo

Jeff--

Please find attached a copy of the memo to John Zufferli regarding the recent forward transaction in US$/Cad$.  Gary has reviewed it, and I have incorporated his comments.  Please let me know if you would like any changes before I send it to him.

 << File: Zufferli Memo.doc >>

Thanks.

Ellen Su
Enron Financial Trading
(713) 853-5256


You need more to do.

Luis Mena@ENRON
12/04/2000 04:13 PM
To: Timothy Blanchard/HOU/EES@EES
cc: Eric Bass/HOU/ECT@ECT@EES, Chad Landry/HOU/ECT@ECT@EES, Matthew
Lenhart/HOU/ECT@ECT@EES, Bryan Hull/HOU/ECT@ECT@EES, Brian Hoskins/Enron
Communications@Enron Communications@EES
Subject: Re: FYI

Speaking of SEC dominance, Brian and I made a 100 dollar bet this weekend.
Who had more football titles, the teams in the SEC or the teams in the Big
12????

Well, after analyzing the data for the past hour, and analyzing every poll
every which way, there is no doubt about it now.  I counted each single poll
individually (AP, the National Football Foundation and College Football Hall
of Fame, the United Press, the Football Writers Polls and the USA Today/ESPN)
and every poll gives more championships to the Big 12 than the SEC.

Since college football is all about rivalries and drinking, Eric and I will
be hosting a "The SEC is definitely better than the BIG 12 happy hour" which
will be paid for by Brian "The SEC is definitely better than the BIG 12"
Hoskins.

Place and time TBD

http://www.ncaa.org/library/records/football_records_book/division_ia_records.
pdf

	Enron Energy Services

	From:  Timothy Blanchard @ EES                           12/04/2000 02:21 PM

To: Eric Bass/HOU/ECT@ECT, Chad Landry/HOU/ECT@ECT, Matthew
Lenhart/HOU/ECT@ECT, Bryan Hull/HOU/ECT@ECT, Brian Hoskins/Enron
Communications@Enron Communications, Luis Mena/NA/Enron@Enron
cc:

Subject: FYI

With all of the HYPE surrounding the Big 12 this season....

Nine SEC teams are going to bowls, an unprecedented number of bowl-bound
teams from a single conference in NCAA history.


Congratulations on your appointment as C.E.O effective 2/12/2001.  We at
Enron Wind look forward to working with you.

Lorraine Friedland
Land & Permits
Enron Wind - Tehachapi, CA


This is not an urban myth, I checked with several people who have read it in
the papers, but it was news to me!
Happy Thanksgiving to all,
Dotty
----- Original Message -----
From: "Fumiko Docker" <fumeco@yahoo.com>
To: <a.sagastegui@packfound.org>; <dottyhop@napanet.net>; <meikow@yahoo.com>
Sent: Wednesday, November 21, 2001 12:20 AM
Subject: Fwd: Drug recall

>
> --- Andrew Gentile <andrewinfrisco@yahoo.com> wrote:
> > Date: Tue, 20 Nov 2001 08:31:25 -0800 (PST)
> > From: Andrew Gentile <andrewinfrisco@yahoo.com>
> > Subject: Drug recall
> > To: andrewinfrisco@yahoo.com
> >
> > IMPORTANT!!!
> > > All drugs containing Phenylpropanolamine are being
> > recalled. You may
> > > want to try calling the 800 number listed on most
> > drug boxes and
> > > inquire about  a REFUND.
> > >
> > > Please read this CAREFULLY, as I know that some of
> > you may USE some
> > > of these drugs (Alka Seltzer Plus for one).
> > >
> > > Also, please pass this on to everyone you know.
> > STOP TAKING anything
> > > containing this ingredient. It has been linked to
> > increased hemorrhagic
> > > stroke (bleeding in brain) among women ages 18-49
> > in the three days after
> > > starting use of medication.  Problems were not
> > found in men,
> > > but the FDA recommended that everyone (even
> > children) seek alternative
> > > medicine.
> > >
> > > The following medications contain
> > Phenylpropanolamine:
> > > Acutrim Diet Gum Appetite Suppressant Plus Dietary
> > Supplements
> > > Acutrim Maximum Strength Appetite Control
> > > Alka-Seltzer Plus Children's Cold Medicine
> > Effervescent
> > > Alka-Seltzer Plus Cold medicine (cherry or orange)
> >
> > > Alka-Seltzer Plus Cold Medicine Original
> > > Alka-Seltzer Plus Cold & Cough Medicine
> > Effervescent
> > > Alka-Seltzer Plus Cold & Flu Medicine Effervescent
> >
> > > Alka-Seltzer Plus Cold & Sinus Effervescent
> > > Alka Seltzer Plus Night-Time Cold Medicine
> > Effervescent
> > > BC Allergy Sinus Cold Powder
> > > BC Sinus Cold Powder
> > > Comtrex Deep Chest Cold & Congestion Relief
> > > Comtrex Flu Therapy & Fever Relief
> > > Day & Night Contac 12-Hour Cold Capsules
> > > Contac 12 Hour Caplets
> > > Coricidin D Cold, Flu & Sinus
> > > Dexatrim Caffeine Free
> > > Dexatrim Extended Duration
> > > Dexatrim Gelcaps
> > > Dexatrim Vitamin C/Caffeine Free
> > > Dimetapp Cold & Allergy Chewable Tablets
> > > Dimetapp Cold & Cough Liqui-Gels
> > > Dimetapp DM Cold & Cough Elixir
> > > Dimetapp Elixir
> > > Dimetapp 4 Hour Liquid Gels
> > > Dimetapp 4 Hour Tablets
> > > Dimetapp 12 Hour Extentabs Tablets
> > > Naldecon DX Pediatric Drops
> > > Permathene Mega-16
> > > Robitussin CF
> > > Tavist-D 12 Hour Relief of Sinus & Nasal
> > Congestion
> > > Triaminic DM Cough Relief
> > > Triaminic Expectorant Chest & Head Congestion
> > > Triaminic Syrup Cold & Allergy
> > > Triaminic Triaminicol Cold & Cough
> > >
> > > I just found out and called the 800# on the
> > container for Triaminic and
> > > they
> > > informed me that they are voluntarily recalling
> > the following medicines
> > > because of a certain ingredient that is causing
> > strokes and seizures in
> > > children:
> > > Orange 3D Cold & Allergy Cherry (Pink)
> > > 3D Cold & Cough Berry
> > > 3D Cough Relief
> > > Yellow 3D Expectorant
> > > They are asking you to call them at 800-548-3708
> > with the lot number on
> > > the
> > > box so they can send you postage for you to send
> > it back to them, and they
> > > will also issue you a refund.
> > > If you know of anyone else with small children,
> > PLEASE PASSTHIS ON. THIS
> > > IS
> > > SERIOUS STUFF. DO PASS ALONG TO ALL ON YOUR
> > MAILING LIST so people are
> > > informed. They can then pass it along to their
> > families.
> > > To confirm these findings please take time to
> > check the following URL:
> > >
> >
> http://www.fda.gov/cder/drug/infopage/ppa/default.htm
> >
> > >
> >
> <http://www.fda.gov/cder/drug/infopage/ppa/default.htm>
> >
> >
> >
> >
> > ---------------------------------
> > Do You Yahoo!?
> > Yahoo! GeoCities - quick and easy web site hosting,
> > just $8.95/month.
>
>
> __________________________________________________
> Do You Yahoo!?
> Yahoo! GeoCities - quick and easy web site hosting, just $8.95/month.
> http://geocities.yahoo.com/ps/info1
>
>


---------------------- Forwarded by Gerald Nemec/HOU/ECT on 01/25/2000 09:34
AM ---------------------------

	From:  Steve Van Hooser                           01/25/2000 09:25 AM

To: Gerald Nemec
cc:
Subject: Re: El Paso

---------------------- Forwarded by Steve Van Hooser/HOU/ECT on 01/25/2000
09:24 AM ---------------------------
From: Steve Van Hooser on 01/25/2000 09:24 AM
To: "Randall Rich" <rrich@bracepatt.com> @ ENRON
cc: Barbara Gray
Subject: Re: El Paso

Randy,

I'd like to speak with you this morning.  I'm having Gerald research Texas
law on: (i) failure of conditions precedent resulting in failure to form a
contract  and (ii) breach of contract sufficient to afford termination as a
remedy for breach.  Any help you can offer today in your shop on these 2
issues would be appreciated.  Our guys want to issue a termination notice as
soon as possible.  I want to know what common law of contract says before we
do.

Call me when you get a chance.

Steve


Congratulations to you and your team!   Mark


Laurel:  Samantha is going to contact Merrill by phone and let them know of
the preexisting ECT Investments agreement so that Merrill can duplicate for
ENA.  Sara

	Laurel Adams
	09/11/2000 10:45 AM

		 To: Sara Shackleton/HOU/ECT@ECT
		 cc:
		 Subject: Re: Merrill Lynch Pierce Fenner and Smith/ENA Prime Brokerage
Agreement

Did you forward copies of the agreement to them, or do I need to do that?
Thank You!


Janelle, I was hoping that maybe we could find a half hour to discuss your
thoughts on your current role.  I have heard you are considering global fuels
and Lagrasta's business.  I would like to give you my perspective on the
future vision for power and the overall organization including gas
mid-market.

Ultimately, ENA and Enron have a very open labour market and you need to
manage your career in a manner that you feel will benefit Enron and yourself
the greatest; however, I think the power market, even though not easy, is the
primary growth engine for Enron Corp over the next several years.

Kay, can you please set up a time at Janelle's convenience.

Regards
Delainey


[IMAGE]	[IMAGE] 	Jan  28, 2002	[IMAGE]
			[IMAGE]

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Hi Rick,

I'm responding to your very nice voicemail message in writing because I seem to have less control over my emotions these days than I would like.  I cannot tell you how much I appreciate everything you have done for me.  I continue to hold you in the very highest regard professionally and as a friend.  I can honestly say that I have no regrets over the decisions that I have made.  Working with you (and for Enron) has given me opportunities to expand professionally and personally that I never would have had otherwise.  Also, the move to Texas has opened new horizons for my family and taught us that we can be happy in settings very different from what we had known before.

Like you, I wish with all my heart that things had worked out differently.  It would be wonderful to continue to work with you--here or elsewhere.  Whatever comes, I'm greatful for all of the good things that have come my way so far.  Thanks again for everything.  You are an amazing person and an amazing friend.

Sue

Sue Nord
Senior Director
Government Affairs
713-345-4196


I have not been able to open the reports you generate/send in the morning.  please look into.

Jeff


Mary,

Can we tone down the demand-side management language.  Our short-term retail
position in California is that the rate freeze by law should be maintained
until December 31, 2002.  Of course, in the long-run we believe demand-side
management and demand elasticity is and important tool toward managing the
prices in California.  Perhaps you can refer to demand elasticity as a
long-run goal or focus your discussions on demand elasticity with respect to
the utilities' current tools in their interruptible tariffs.  Also, you could
focus more on the utilities' new ability to purchase outside the PX.  I am
afraid that coming out too strong on demand-side management as a short-run
solution plays into the utilities' hands to end the rate freeze early to the
detriment of the retail market.

Roger

Mary Hain@ECT
11/02/2000 06:02 PM
To: Tim Belden/HOU/ECT@ECT, David Parquet/SF/ECT@ECT, Robert
Badeer/HOU/ECT@ECT, Jeff Richter/HOU/ECT@ECT, Paul Kaufman/PDX/ECT@ECT, Jeff
Dasovich/NA/Enron@Enron, James D Steffes/NA/Enron@Enron, Steven J
Kean/NA/Enron@Enron, Joe Hartsoe/Corp/Enron@ENRON, Sarah
Novosel/Corp/Enron@ENRON, Richard Shapiro/NA/Enron@Enron, Mona L
Petrochko/NA/Enron@Enron, Sandra McCubbin/NA/Enron@Enron, Karen
Denne/Corp/Enron@ENRON, Mark Palmer/Corp/Enron@ENRON, Roger Yang/SFO/EES@EES,
Dennis Benevides/HOU/EES@EES, Alan Comnes/PDX/ECT@ECT, Neil
Bresnan/HOU/EES@EE, Jubran Whalan/HOU/EES@EES, Christopher F
Calger/PDX/ECT@ECT, Michael McDonald/SF/ECT@ECT
cc:
Subject: November 9 comments

Here's a first draft of our comments for the November 9 meeting.  However, I
have not attempted to incorporate Sue's comments from earlier today.  Rather,
I thought Sue could do the next draft.  If any of the rest of you have any
comments please get them to me or Sue.  Thanks.


Mark Haedicke will be on vacation beginning Monday, March 12, through Friday, March 16.  In his absence please contact Julia Murray (Monday through Friday) at extension 34794, Lance Schuler (Thursday and Friday)  at extension 3-5419, or Elizabeth Sager at extension 36349 regarding DASHs.  He will return to the office on Monday, March 19.

Mark can be contacted at  (970) 547-9765.

Janette Elbertson
Enron North America Corp.
Legal Department - EB3326
Telephone:  (713) 853-7906
Fax:  (713) 646-2600
janette.elbertson@enron.com


I formally got invited to an Enron function in Washington on October 4th and 5th, so this one is yours.  I'd collect the $1,000 stipend for sure.

I send you the written material on this--let me know if you haven't rec'd in the next few days.

Thanks,

- Rob

 -----Original Message-----
From: 	"Hodson, Timothy A" <hodsonta@skymail.csus.edu>@ENRON [mailto:IMCEANOTES-+22Hodson+2C+20Timothy+20A+22+20+3Chodsonta+40skymail+2Ecsus+2Eedu+3E+40ENRON@ENRON.com]
Sent:	Monday, July 16, 2001 8:17 PM
To:	Bradley, Rob
Subject:	RE: Enron Participation

Bob:

Having Jeff Dasovitch represent Enron would be great with us.  I am sorry,
however, that you will not be able to make it as I had heard great things
about you from and via Chris Castaneda.  You have an impressive and
enthusiastic fan club.

Please accept my thanks for responding to the invitation and arranging for
Jeff.  You've guaranteed the success of the plenary.

Would you send me the direct contact information for Jeff?

Again, thanks

Tim Hodson


This deal has no price entered -should we not confirm it?  or is it wrong?
Thanks!
Kim


Thanks for your help great one.
PL


ispq.com
webcamnow.com
cuseemeworld.com
http://128.121.244.46/videochat/help/index.asp
eyeball.com
apps6.ifriends.net/cgi/iArchive.exe?screenname=RAGDOLL - 3k


I know what you mean.  As far as the bed goes, you should do what I do...Go
around to the other side and push your wife into the wet area.
PL


Hydro Quebec is not only a provincial utility, it is owned by the Government
of Quebec and its business and affairs will be governed by Quebec civil law
(all other jurisdictions in Canada are common law jurisdictions) which is
generally foreign to non-Quebec lawyers.  Also, unless you are uniquely
successful at your negotiations, I expect that HQ will insist on the
guarantee being governed by Quebec law.  Accordingly, I agree that Quebec
counsel should be involved in looking at the guarantee and isues of
authority, capacity, execution, delivery, enforceability, etc.  In fact a
legal opinion may be appropriate.

As to Quebec counsel, I would suggest the following:

1.  Andre Vautour @ Desjardins Ducharme Stein Monast in Montreal @
514.878.5595.  Andre acted for us us the Papier Mason transaction and I would
recommend him to you.
2.  Xeno Martis @ Fasken Martineau DuMoulin in Montreal @ 514.397.7509.  Xeno
acted for Bank of Nova Scotia on our financing of the Papier Masson
transaction and I would also recommend him to you.
3.  Fred Erickson at Stikeman Elliott in Calgary (who is well known to Mark
T) @ 403.266.9016.  Fred is located in Calgary, but he could refer you to
someone in his firm's Montreal or Quebec City office.  I personally do not
know anyone in particular at either Stikeman's Montreal or Quebec City
offices.

Let me know if I can be of any assistance or how things turn out.

Regards, Peter.

MARY COOK
08/29/2000 09:10 AM
To: Peter Keohane/CAL/ECT@ECT
cc: Tana Jones/HOU/ECT@ECT
Subject: Hydro Quebec

Tana and I will be working on an ISDA for financial derivs with a US trading
affiliate of Hydro Quebec (which I understand to be a provincial utility)
wherein HQ will be a guarantor.  Because this raises a number of issues we
will need Quebec counsel.  Please advise of some good choices.  Thank you.
Mary


Hi Melba,

Will you please create a new product that reads as follows:

The interconnection between Alliance Pipeline Company and Vector Pipeline
Company located in Will County, Illinois.

I also would like a NGPL Nicor product set up that uses the Gas Daily Posting
for "Chicago LDC-Large end-users" midpoint.

I will need to have the Vector Alliance set up for tomorrow if possible.

Thanks Melba!


Match singer deal 210359 with CES deal 215036

Match singer deal 210364 with CES deal 215042


I remember what it was,  have you heard the song "Who let the dogs out?"

Debra Perlingiere
Enron North America Corp.
Legal Department
1400 Smith Street, EB 3885
Houston, Texas 77002
dperlin@enron.com
Phone 713-853-7658
Fax  713-646-3490


<!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN">

	<title>Wharton Update</title>

November 2001
Volume 1, Issue 1

				Dear Wharton Alumnus:

Welcome to the inaugural issue of Wharton Connect, a monthly e-newsletter for Wharton graduates.  Wharton Connect will provide alumni with up-to-date news and information about the School, the Wharton Alumni Network, alumni activities and fellow graduates.  This publication, coupled with a number of new initiatives launched in recent months, is intended to serve as the foundation for building a strong and vital alumni network.  Please let me know if you have comments about this newsletter or suggestions of topics we can address in future issues.  As always, we appreciate your ongoing connection to Wharton.

Sincerely,

Steven Oliveira

Associate Dean

Wharton External Affairs

oliveirs@wharton.upenn.edu

					Keeping in Touch

Since the events of September 11, members of the Wharton community have united to help one another through this difficult time.  Alumni, students, faculty, and staff have come together to share information, offer consolation, and reach out to help those affected by these horrific attacks.

Ten Wharton alumni lost their lives during the September 11 attacks.  The thoughts and prayers of the entire Wharton community go out to the family and friends of these alumni:

Mukul Agarwala, WG'90

J. Howard Boulton, WEV'94

Mark Charette, W'85

Robert Deraney, WG'83

Garth Feeney, W'95

Nicholas Humber, WG'67

Hideya Kawauchi, WG'93

Michael Miller, W'84

Tu-Ahn Pham, WG'89

Michael San Phillip, W'67

During the first days after the attacks, over 2000 Wharton graduates connected with one another through the "Friends and Family Status Database." The information that Wharton alumni offered on has been saved in a "Friends and Family" archives.   A "Community Discussion Board" was also created, through which alumni communicated about fellow graduates and loved ones as well as shared feelings about the events of September 11.   There is an online summary of the Wharton community's response, including a video of Dean Harker's remarks at a memorial service on the Lehman Quad.

The Wharton Club of New York has taken the lead to assist alumni whose businesses have been affected.   A telephone hotline has been established to connect small- and medium-sized businesses with those who can provide assistance.  To reach the Wharton Club of New York's hotline, call 1.800.327.8065 or send e-mail to help@beckofficefurniture.com.

Student Resume Books Online

Wharton's Office of Alumni Affairs and Annual Giving is pleased to announce a new service to alumni:  free access to the MBA Student Resume Books, online.  Once connected, alumni will be able to browse resumes to identify current Wharton students who meet their hiring needs, or to download the entire book.  The Wharton Resume Books will give you an understanding of the diversity, experience and background of our students.  If you wish to connect with students, you can also post a position via MBA Career Management's Employer website  or contact students directly.

Wharton on the New Business Reality:

Scenarios and Strategies for the Future

Special Symposium, December 3-6, 2001

How do you cope with the most challenging business issues you've ever faced?  Join Jeremy Siegel, Dave Reibstein, Mike Useem, Ian MacMillan, and other Wharton faculty and guest experts to explore options for going forward effectively in this disruptive environment.   We are pleased to be able to offer Wharton Alumni a 10% tuition benefit for this special executive education program, developed in response to the current economic climate and the events of September 11.   Program information and registration is available online or phone Wharton Executive Education at 1.800.255.3932 or 215.898.1776.

Wharton Executive MBA Program Ranked First

					The Financial Times recently ranked Wharton's executive MBA (WEMBA) program #1 among similar programs around the world.  This is the first time that the Financial Times has done this specific ranking.

Have You Caught the WAVE?

The Wharton Alumni Virtual Experience (WAVE) offers alumni a password-protected, searchable alumni database, message boards and chat rooms, lifelong e-mail (a Wharton-specific e-mail forwarding address system) and electronic mailing lists to create and join. This on-line community will only be as dynamic as the participation level of our alumni, so we hope you will visit the site often.

Research Update

Knowledge@Wharton, the School's free bi-weekly online resource that offers the latest business insights and research from a variety of sources, has featured information about the attacks in two issues.   In the September 13 article, "Did Terrorists Blow Up the Recovery?" members of Wharton's faculty, including Professors Jeremy Siegel and Jerry Wind, offer their insights into the business implications of the events of September 11.  The September 26 edition had a section devoted to "Survival Strategies for Post-Attack Economies."

If you are not currently a subscriber to Knowledge@Wharton, go to the sign-up page to complete the brief registration form to access the full articles and receive the biweekly e-newsletter.

Alumni Affairs & Annual Giving Departments Merge

The School's Office of Alumni Affairs and the Wharton Fund have recently merged.   Leslie Arbuthnot, who has been the director of the Wharton Fund, is the new director of Alumni Affairs & Annual Giving, which will serve alumni in a variety of capacities.

"Wharton Connect" on the Road — Coming to a City Near You!

Dean Pat Harker will be visiting more than 30 cities around the world in the next eighteen months.  This is a terrific opportunity to meet Dean Harker and to learn about his plans and vision for Wharton.  Co-hosted by local Wharton Clubs, this program has resulted in record attendance to date by Wharton alumni.  In addition to learning more about Wharton today, these events have proven to be a wonderful networking opportunity.   You can check out upcoming visits by the Dean and see photos of prior events on the "Wharton Connect" website.

Wharton West Launched in San Francisco

Dean Harker, members of the School's boards, faculty, and students were on hand October 25 for the "groundbreaking" ceremony at Wharton's new home on the West Coast:   The Folger Building, located at Howard and Spear Streets in the financial district.  The first class of  65 executive MBA (WEMBA) students started in August and other academic programs will follow in the coming months.  Further information can be found at the Wharton West website.

$10 Million Gift Creates Learning Lab

The Wharton School has announced the creation of the Alfred West Jr. Learning Lab with a $10-million gift from Alfred P. West, Jr., chairman and CEO of SEI Investments. The Alfred West Jr. Learning Lab will create a series of innovative learning tools that challenge students to think strategically across business functions and organizations.   A dinner celebrating Mr. West's gift was held on campus on October 3.

Save the Dates for Reunion 2002

Wharton alumni from classes ending with a "2" or "7" will be celebrating reunions next year.  Mark May 10 to 12, 2002 on your calendars to return to campus for a weekend of social events, faculty presentations, and reuniting with classmates.  MBA reunion alumni will receive more information in the mail in November — a website for Reunion 2002 will be launched shortly.

Web Watch

The Wharton School

http://www.wharton.upenn.edu/whartonnow.html

Your single source for Wharton news and links.

Alumni Connections

http://www.wharton.upenn.edu/alumni

Take advantage of the Wharton Alumni Network.

Events Update

http://www.wharton.upenn.edu/whartonnow/calendars.html

Calendars of events around the School.

Alumni Magazine

http://www.wharton.upenn.edu/alum_mag

An electronic version of the quarterly alumni publication.

Research

http://knowledge.wharton.upenn.edu/

Knowledge@Wharton: Your gateway to business analysis.

The Wharton Journal

http://www.whartonjournal.com/

Weekly newspaper giving the student perspective on the Wharton experience.

About This Newsletter

We welcome your comments. E-mail us at alumni.affairs@wharton.upenn.edu

Please stay-in-touch and update your information on WAVE or by using the Update Form. This updated information is necessary for receiving the Wharton Alumni Magazine and event information. We also encourage you to send in your news to the Alumni Magazine.

?The Wharton School of the University of Pennsylvania

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Did you know training for Competitive Intelligence is just around the
corner?  That's right.  Coming to your desktop Tuesday, August 29 -
Competitive Intelligence 101 training- your business lifesaver!

Also on Tuesday, August 29, tune in for a special eSpeak event, featuring a
guest host!  Who could it be?  Visit the eSpeak site today and find out!


********* Welcome to Bestfares.com's HOT DEALS BY EMAIL ************

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**************************** November 20, 2000  ************************

As sure as each hour brings a new court decision ( as sure cranberry sales
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Marta Henderson is on the road and advised some of you the subject item via
phone, and I am hereby transmitting this info for her via e-mail.

Please commence deliveries to Eastrans of 7500 MMBtu/d effective 10/19/00
until further notice.

The redeliveries will be 7500 MMBtu/d from Fuels Cotton Valley into HPL.

Thank you.


Charlie:
I got your message this morning.  Since we were so successful in selling some
of our peaking plant last time, we have decided to some some more - so we are
running like crazy to close these deals this year.  I want to let you know
that I talked to both people at KinderMorgan and Cinergy about your company
and the types of transactions that you guys are doing.  I have not had the
chance to follow up, but plan to real soon.  I just tried to call you about
10 minutes ago, thus the e-mail response.  I will try again in a little bit.
Hope all is going well and I'll talk to you soon.
Ben


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named above.  If you are not the intended recipient, please do not read,
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     Your proposed draft exhibit goes substantially beyond the ALJ's order.
ALJ Biren specifically stated that the the late-filed exhibit "should be
narrowly focused on the mismatch of capacity." Tr. 1021.Thus, you need to
eliminate the column entitled "Total Take-away Capacity."  Furthermore, the
column is both suspect (e.g., the representation that EOR is 770 MMcfd) and
misleading (e.g., the inclusion of SWG or PG&E in "S. Calif Take-away
Capacity").  Also, you need to eliminate the "Avg. Daily Market" box.  The
following is what should be submitted to ALJ Biren:
(See attached file: #1070989 v1 - FIRM PIPELINE CAPACITY DELIVERY (EX. TO
I.99-07-003).doc)
 - #1070989 v1 - FIRM PIPELINE CAPACITY DELIVERY (EX. TO I.99-07-003).doc


Katie,  Glad I cheered you up.  Believe me, I can relate.  I could tell you
horror stories about when I was studying for the bar exam.  I'll save those
for some other time.

Hope all is going well and moving forward.  What always kept me going was the
idea that in a few days or a week it would all be over and I wanted to be
able to look back and feel that I had given the best effort I could.  That's
all you can do.  It is typically more than enough to do very well in grades.
I will quit preaching now and let you get back to work.

No big plans for the Easter Weekend.  Will be here in Houston.  I actually
have to work on Friday, but am thinking about taking a vacation day.  Sounds
like you will probably be busy with school and family over your weekend in
Katy, but give me a call if you feel like it.  Maybe we can do something fun.

"This too shall come to pass" - Famous quote by some dead guy.

Gerald


David:
Here are more of the EDR files.
Ben
---------------------- Forwarded by Benjamin Rogers/HOU/ECT on 12/06/2000
11:04 AM ---------------------------

Jon Cathers@ENRON
12/05/2000 02:27 PM
To: benjamin.rogers@enron.com
cc:
Subject: 4th Quarter 1999 EDR Files

More.....


Attached is some spending to date by the CDWR.  This information comes from a
legislative member so we should NOT release it publicly.

Jim

DWR Power Acquisition for CAISO
Date	MWH	Total	Average $/MWH
12/5/00	8,000	$5,600,000	$700
12/6/00	15,000	$15,000,000	$1,000
1/11/01	12,421	$4,681,445	$377
1/12/01	9,445	$2,920,375	$309
1/13/01	1,065	$274,000	$257
1/14/01	1,717	$433,025	$252
1/15/01	5,825	$1,633,500	$280
1/16/01	2,221	$1,191,800	$537
1/17/01	15,190	$8,698,000	$573
1/18/01	26,056	$11,665,596	$448
1/19/01	54,580	$19,699,725	$361
1/20/01	85,296	$21,257,175	$249
1/21/01	79,000	$20,483,249	$259
1/22/01	129,085	$42,816,753	$332
1/23/01	140,160	$50,001,577	$357
1/24/01	129,160	$42,578,997	$330

Total	714,221	$248,935,217	$414


Ha!  I knew I was right!  Shelley said she was pretty sure you would NOT be
there.
TW Commercial is dressed casual and feeling the effects of too much tequila,
but we'll be lunching nonetheless...
play your cards right and you might get to ride in the Excursion.

P.s.  to get the right Susan Scott, just type "susan.scott@enron.com".  the
Other Susan has to use her middle initial, cuz I was here first.

Are you free for drinks and/or dinner in SF on Monday?

From: Jeff Dasovich on 10/26/2000 09:51 AM
Sent by: Jeff Dasovich
To: Jeffery Fawcett/ET&S/Enron@ENRON, Susan M Scott/HOU/ECT@ECT, Susan
Scott/ET&S/Enron@ENRON
cc:

Subject:

Little bird tells me that I may be lunching with you two at the 4 seasons
today.  Is that right?


Kim:

Following our discussion of last Thur., we need to prepare the term sheet for
Citizens. I want to focus on the TW deal first.  There are a number of things
that I hope you can get from the desk by early afternoon my time, so we have
time to do the term sheet.

I want to show them a structure that would give them right to call on gas
each day.  What there be a demand charge?  What would be the Gas Daily
adder?  High end of the range?  Mid point?  What would the demand charge be
for mid-point of the range?  We would also compensate the desk to receive a
demand charge equal to the full monthly cost of the lateral.  The desk should
love that much of the structure.  Try to get some numbers from Janie.

 I have had numerous conversations with Citizens and TW.  TW will do the deal
but want their liability limited to $140,000 year.  Citizens wants this
liability increased to $1,000,000.  We could do this by buying insurance.  We
might subcontract with TW to do this so the services deals is between ENA and
Citizens. We would need to increase the demand charge to pay for this
increase in laibility.

Once we know all our costs, we would bundle this together and then increase
the demand charge for orig.

Call me first thing on Monday

C


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 04/06/2001
04:08 PM ---------------------------

	Enron North America Corp.

	From:  Kathie Grabstald                           04/06/2001 09:30 AM

To: Vince J Kaminski/HOU/ECT@ECT
cc: Shirley Crenshaw/HOU/ECT@ECT
Subject: ENSIDE

Good Morning!

Here is the latest draft of your article for the ENSIDE Newsletter.  I have
forwarded it to the design team and expect them to send me a layout copy
sometime next week.  We will be able to make any additional changes then.

Talk to you next week - have a great weekend!

Best regards,
Kathie


Lance,

Any interest?

Vince
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 11/06/2000
04:54 PM ---------------------------

Energy Info Source <custsvc@energyinfosource.com> on 11/03/2000 09:30:52 AM
To:
cc:
Subject: Transmission Report 2000

Energy Info Source is privileged to introduce its Transmission Report 2000.
 The report is a comprehensive 150-page study of the U.S. Transmission
industry. The report takes a wide-ranging look at changes in the industry
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and IOUs that make the October 15th filing.

Topics covered in the report include:
- The History of Transmission in the U. S.
- The Impact of FERC Orders 888 and 889
- The Creation of ISOs
- FERC,s Push Toward RTOs through the Merger Approval Process
- The Creation of TransCos
- Detailed Analysis of FERC Order 2000
- Detailed Discussion, Analysis, and Comparison of October 15 RTO Filings
-- including Innovative Rate Treatments
- Listing of All FERC Dockets and Policy Statements Regarding RTOs
- Maps of Proposed TransCo and RTO Territories

The report comes in Adobe Acrobat PDF format and is available via email
(4.0 MB file) for $689 or on CD-ROM for $699.

For more information about the report or to order, click on the following
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----------------------
If you want to be removed from our mailing list or for more information:

Energy Info Source, Inc.
email: custsvc@energyinfosource.com
phone: 888-986-2250


> -----Original Message-----
> From: Michael Nacht [SMTP:mnacht@socrates.Berkeley.EDU]
> Sent: Thursday, August 03, 2000 2:03 AM
> To: gramlr@pjm.com
> Cc: doornbos@socrates.Berkeley.EDU
> Subject: reply
>
> Hi Rob:  Great idea about a seminar on electric power. I'm on vacation for
> awhile, but once classes rev up in late August we'll see if we can put it
> on.  I'm sure there would be great interest.  Thanks also for your efforts
> with the alums which are really beginning to pay off.  Have a nice rest of
> the summer.  Cheers, Michael


Wednesday will work best for me.  Say 11:45 at the Daily Review?

-----Original Message-----
From: Jewell, Cyndi M [mailto:cjewell@bcm.tmc.edu]
Sent: Monday, February 25, 2002 8:45 AM
To: Shelley A. Corman (E-mail)
Subject: Lunch plans

Hi! I hope you enjoyed the rest of your weekend. The weather was simply
beautiful. We did some extensive yardwork. Luckily we didn't plant much
since it is supposed to be chilly this week.

Brianna and I loved the sing-a-long Sound of Music. It was great fun. I'd go
again next weekend!

Let me know which day is best for us to have lunch --Wednesday or Thursday.

C


UK: Enron to shed metals staff, part of wider cuts.
Reuters English News Service, 10/10/01
Enron Plans to Trim as Many as 500 Jobs in Europe (Update2)
Bloomberg, 10/10/01

Northeast Officials Seek Delay In Unifying Power Market
Dow Jones Energy Service, 10/10/01
INDIA: Reliance plan could sour BG's Indian deal.
Reuters English News Service, 10/10/01
USA: El Paso shares advance after favorable ruling.
Reuters English News Service, 10/10/01
UK: UPDATE 1-ScotiaMocatta seen to axe LME ring trade from Friday.
Reuters English News Service, 10/10/01
UNDERSEA PIPELINE PLAN FACES SCRUTINY ; HEARING SLATED ON ENRON PLAN TO IMPORT GAS
South Florida Sun-Sentinel, 10/10/01

Reliance Bids to Run Indian Oil Fields, Challenging BG Plan
Bloomberg, 10/10/01

LME Says Scotiamocatta to End Open-Outcry Floor Trade (Update2)
Bloomberg, 10/10/01

Bin Laden 'look alike' arrested in India
BBC News, 10/10/01

UK: Enron to shed metals staff, part of wider cuts.
By Andy Blamey

10/10/2001
Reuters English News Service
(C) Reuters Limited 2001.

LONDON, Oct 10 (Reuters) - Commodities trader Enron Metals plans to shed jobs as part of a Europe-wide staff reduction programme which should see the Enron Group cut 250 to 500 European jobs in total, the company said.
"We have around 5,000 employees in Europe and we are seeking to cut our headcount here by between five and 10 percent," John Sherriff, president and CEO of Enron Europe, said in a statement.
Enron Metals employees in London were told at a meeting on Tuesday that staff cuts of 10 percent to 20 percent would be required, trade sources said.
The company is seeking volunteers to take redundancy, but if sufficient voluntary slots have not been filled by a deadline of October 19, Enron will opt for compulsory cuts, they added.
An Enron spokeswoman declined to elaborate on the official statement.
"Enron's business continues to grow in Europe in terms of traded volumes and numbers of transactions, but like any company we are constantly seeking ways to do more with less in order to maintain earnings growth," Sherriff said in the statement.
"It is prudent for us to keep both a close eye on our costs and to continually review the skills and resources that are available to use to ensure that they are deployed in a way which will maximise earnings," he added.
Market sources were not surprised by the move, citing testing conditions facing the metals trading sector as a whole.
"At the moment you have low volumes of customer interest combined with difficult trading conditions and high operating costs," said one.
"Even if they're making money from EnronOnline, they've got far too many people there."
U.S.-based Enron Corp became a major player in the metals trade in May last year when it acquired MG plc, a leading independent international metals dealing firm in London which had previously absorbed fellow LME ring-dealers Rudolf Wolff & Co and Billiton Metals Ltd.
The number of LME ring dealers trading on the exchange's open-outcry floor has dwindled from a peak of 30 in the mid-1980s to the current 12.
This could drop to 11 this week if ScotiaMocatta, a subsidiary of Canada's Bank of Nova Scotia , exits floor trading from Friday.
In an interview with Reuters in August, Enron Metals President Joe Gold reiterated the company's commitment to the LME ring.
"We send our No 1 trader and No 2 trader down on the (LME) floor every day, which is not a statement everyone can make. Wherever the most trading is during that day, that's where we'll be," Gold said.
SCREEN TRADING
Enron has also become a major player in metals screen trading since July last year, when the company announced the first physical metals transaction on its internet trading platform EnronOnline (www.enrononline.com).
The system differs from the screen trading systems operated by the London Metal Exchange (LME) and UK-based metals and energy broker Spectron in that the trading platform is open to a broad range of users but Enron is the sole counter-party in each transaction.
At the end of August the company amended EnronOnline to make markets for selected clients only in three months copper and aluminium for maximum 200-lot transactions, compared with the standard 20-lot markets on the system.
In addition to metals, EnronOnline trades a range of products, from oil to plastics and emission allowances to credit derivatives. Enron announced the one millionth transaction on the system in May of this year.

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

Enron Plans to Trim as Many as 500 Jobs in Europe (Update2)
2001-10-10 16:08 (New York)

Enron Plans to Trim as Many as 500 Jobs in Europe (Update2)

     (Updates with closing share price in last paragraph.)

     Houston, Oct. 10 (Bloomberg) -- Enron Corp., the largest
energy trader, plans to eliminate as many as 500 jobs in Europe,
or as much as 10 percent of the workforce there, to reduce costs
and boost profit.

     The company has 5,000 workers in Europe, and it plans to trim
jobs by 5 percent to 10 percent, Enron said in a statement. The
company wants to make reductions through ``voluntary severance,''
the statement said.

     Houston-based Enron expanded European commodities trading in
2000 when it bought London-based MG Plc, the largest copper
marketer, for $448 million. Jeffrey Skilling, who resigned as
Enron's chief executive in August, told investors in July to
expect ``great things from Europe in the future.''

     ``There is still a lot of growth for them in Europe,'' said
Louis Gagliardi, an analyst at John S. Herold Inc. ``They're not
giving up, they're just taking an analysis of each unit.''

Gagliardi doesn't own Enron shares. John S. Herold doesn't issue
investment recommendations.

     Enron Europe is based in London and has offices in nine other
countries. Along with trading, it has interests in power plants in
Italy, Poland, Spain, Turkey and the U.K. It didn't say where the
job cuts would be.

     Shares of Enron rose $1.81 to $35.20. They have fallen 58
percent this year.

Northeast Officials Seek Delay In Unifying Power Market
By Kristen McNamara
Of DOW JONES NEWSWIRES

10/10/2001
Dow Jones Energy Service
(Copyright (c) 2001, Dow Jones & Company, Inc.)

NEW YORK -(Dow Jones)- Officials in Maryland and New York have urged federal energy regulators to slow down plans to merge the three existing wholesale power markets along the Eastern Seaboard into a single market for the entire Northeast.
Citing concerns that rushing to consolidate the markets could create instability, reduce liquidity and inflate prices, the New York Independent System Operator and the Maryland Public Service Commission have separately asked the Federal Energy Regulatory Commission to study its plan before implementing it.
"There's no need to do this in a hasty manner," said Steve Sullivan, spokesman for the New York ISO, which runs that state's power market and transmission system. "Our markets are not broken."
FERC is pushing utilities across the country to put their high-voltage transmission systems - the wholesale power market's equivalent of the interstate highway system - under the control of independent regional operators. The commission says the handoff is critical to the establishment of competitive power markets, as utilities with positions in the market are seen as unlikely to allow competitors equal access to the grid.
Power traders like Enron Corp. (ENE) support the effort, while some utilities and state regulators have opposed the assertion of federal authority.
In an effort to jump-start the sluggish process, FERC has outlined a plan to divide up control of the country's power grids among four regional operators - one each in the Northeast, Southeast, Midwest and West.
But while utilities still control much of the grid elsewhere in the country, transmission systems in the Northeast are already run by three independent wholesale market operators. FERC has told those operators to merge, and has indicated a preference for modeling the new market on that run by Mid-Atlantic operator PJM Interconnection LLC.
A unified Northeast power market would be the world's largest - processing $9 billion in energy sales a year, handling 110,000 megawatts of electricity and serving a population of 54 million, according to the New York ISO.
Seeking Other Options

The Maryland Public Service Commission, along with regulators from Virginia and the District of Columbia, filed motions in August to stay FERC's order, saying the commission had overstepped its authority.
The Maryland regulators will ask a federal court to block FERC if it moves forward with its plans to consolidate the three market operators - New York ISO, ISO New England Inc. and PJM - said Robert Harris, the commission's assistant manager of external affairs.
The commission last week asked U.S. Senator Barbara Mikulski. D-Md., to require FERC to explore options to ease the flow of power between markets short of a forced consolidation.
"This proposal is unnecessary, reckless and risky," the PSC wrote.
The PSC held public hearings on a unified Northeast power market Oct. 3 and 4, and plans to send the comments it received to FERC next week.
The New York ISO and ISO New England said they aren't opposed to a consolidated market, as long as it incorporates the best practices from each of the three existing markets.
The New York ISO, along with ISO New England, also wants each of the three regional markets to have equal representation on the board governing the merged market.
New York's market operator also questioned whether centralizing control of a Northeast power market with one operator in one location would increase its vulnerability to electronic or other attacks by terrorists.
FERC will hold a series of workshops next week to discuss issues related to the development of independent transmission operators across the country, including the need to clear bottlenecks and guard against attempts to manipulate the market.
As reported, new FERC Chairman Pat Wood III said the commission will spend a day listening to the concerns of state regulators. The commission has also agreed to study its contention that consolidating markets will pay off for consumers, Wood said.
Mirant Corp. (MIR) recently commissioned a study that showed a combined Northeast power market could save consumers $440 million a year.
-By Kristen McNamara, Dow Jones Newswires; 201-938-2061; kristen.mcnamara@dowjones.com

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

INDIA: Reliance plan could sour BG's Indian deal.
By Sriram Ramakrishnan

10/10/2001
Reuters English News Service
(C) Reuters Limited 2001.

BOMBAY, Oct 10 (Reuters) - India's Reliance Industries Ltd wants to become the operator of three oil and gas fields off the country's west coast, complicating U.K.-based BG Plc's proposed acquisition of a 30 percent stake in the fields, an industry source told Reuters on Wednesday.
Reliance, which owns a 30 percent stake in the fields, has applied to the government to be appointed the operator, said the source, who declined to be identified.
That could potentially derail the deal BG announced last week to buy U.S.-based Enron Corp's 30 percent stake in the offshore Indian energy fields for $388 million.
Numerous reports in the Indian media have said that the deal may be contingent on operatorship of the fields being transferred from Enron, the current operator, to BG.
A spokesman for BG in London said on Wednesday that the company was "continuing discussions with the other parties" and until the matter was resolved, it had no further comment to make.
Indian state-run driller ONGC, which owns the remaining 40 percent stake in the Panna, Mukta and Tapti fields, has already said it wants to take over the operatorship.
The source said Reliance Industries, India's leading petrochemicals maker and flagship company of the country's largest business group, is also pursuing management control.
Panna, Mukta and Tapti lie off India's western coast, and are considered among the more promising recent finds in the country.
Panna and Mukta produce 29,000 barrels of oil and 2.5 million cubic metres of gas per day.
The Mukta field produced 1,974 million cubic metres of gas in the year ended March 2001.
BG said it wants a stake in the fields to complement its Indian interests in gas distribution and liquefied natural gas (LNG).
Enron wants to leave the venture as a part of its move to focus on the high-growth energy trading business.

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

USA: El Paso shares advance after favorable ruling.

10/10/2001
Reuters English News Service
(C) Reuters Limited 2001.

NEW YORK, Oct 10 (Reuters) - A favorable regulatory ruling sent El Paso Corp's undervalued shares soaring on Wednesday, leading the utility group higher in morning trading.
After the close of trading Tuesday, a U.S. Federal Energy Regulatory Commission law judge ruled there was no clear evidence that El Paso exercised market power in an attempt to raise California natural gas prices and recommended dismissal of the issue in the case pending before the full commission.
This was "not a clean sweep" for the big gas pipeline company, UBS Warburg analyst Ronald Barone said, noting Judge Wagner believes there was affiliate abuse - or collusion - between El Paso's pipeline and marketing segments during California's power crisis late last year and early this year.
But Barone believes "the net outcome from his decisions are a substantial positive for El Paso and have significantly reduced the company's limited exposure to this highly politicized California mess."
In active morning trading, El Paso shares traded between $51 and $51.69 - their best prices since Sept. 17, the first day of trading following the interruption caused by the Sept. 11 attack on the World Trade Center.
After two hours, El Paso was up $2.50, or 5.13 percent, to $51.25 on composite trading of 1.8 million shares.
Following it higher were the stocks of several other companies that had dropped on news of California's problems - Calpine Corp. , up 4.14 percent; Enron Corp. , up 3.26 percent, and Dynegy Inc. , up 2.4 percent.

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

UK: UPDATE 1-ScotiaMocatta seen to axe LME ring trade from Friday.
By Martin Hayes

10/10/2001
Reuters English News Service
(C) Reuters Limited 2001.

LONDON, Oct 10 (Reuters) - London Metal Exchange (LME) ring-dealer ScotiaMocatta Metals is to scale back its operations, and will no longer execute business on the market's open-outcry floor after Friday, trade sources said on Wednesday.
ScotiaMocatta is a unit of Canada's Bank of Nova Scotia , who informed metal traders of the move at a meeting held yesterday in the LME trader's London offices. Voluntary redundancies were also asked for, sources at the meeting said.
"They said they are restructuring the business, and will no longer execute trades on the floor after Friday," one said.
This implies that ScotiaMocatta, which is one of 12 ring-dealing members (RDMs) on the LME, could relinquish this status, although sources at the meeting said this was not made clear.
No-one from ScotiaMocatta in London was available to comment on Wednesday.
Separately, Enron Group said its commodities trader Enron Metals would also lose jobs as part of a Europe-wide staff reduction programme.
On Tuesday, Bank of Nova Scotia said in Toronto it was scaling back its base metals trading desk and laying off traders, transforming ScotiaMoccata into a "niche player", due to the economic downturn.
The bank said the decision does not affect its precious metals division.
Bank of Nova Scotia purchased Mocatta Metals as it was known in September 1997. It is also one of the five members of the twice-daily London gold fix - it is the oldest bullion dealing house in the world, dating back to 1671.
"We are still staying in the base metals business, but it will be more focused as a niche player in structural products," Scotiabank spokeswoman, Diane Flanagan told Reuters in Toronto.
Flanagan confirmed there would be layoffs at the bank's base metals desk, but refused to say how many employees would be affected.
If ScotiaMoccatta were to give up RDM status, it would bring LME ring-dealing numbers down to 11. The RDMs are the only firms entitled to trade on the open-outcry floor.
In the LME's tiered membership, associate broker clearing members (ABCMs) are the second tier of membership - they have all the rights and privileges of LME membership, but cannot trade during the open-outcry trading sessions.
LME director of corporate affairs Jonathan Haslam said on Wednesday that any announcement about a firm's membership status would have to come from the company concerned.
DOWNTURN IN METALS BUSINESS HITTING HARD
Trading conditions in base metals have deteriorated this year, with prices, volumes and revenues all falling, against a background of a global economic slowdown, worsened by the September 11 attacks on the U.S.
This climate has hit all trading companies, and ScotiaMocatta's business has declined markedly, sources said.
"They have gone from a position of being on the acquisition front to becoming a niche player. That highlights the way their business has declined in the last six months," a source close to the company said.
There had been persistent talk that ScotiaMoccata had been looking to acquire other LME RDMs. In 2000, it sought to buy RDM Rudolf Wolff, a unit of Canada's Noranda. Wolff was eventually purchased by MG Trading, now known as Enron Metals
This year it was said to be negotiating to buy another RDM, although that ultimately came to nothing.
LME RING DEALING NUMBERS CONTINUE TO FALL
LME ring-dealership numbers have declined since the mid-1980s, when there were some 30 companies on the floor. This is partly due to consolidation, but also due to some firms relinquishing their status in the wake of the Sumitomo Corp copper scandal in 1996.
Now, there are significantly more ABCMs and the trend towards consolidation and contraction is likely to continue, as their costs are much lower than being a ring-dealer.
To run a floor operation, with telecommunications and associated staff charges, probably costs between one and two million stg a year.
(With additional reporting by the Toronto Newsroom).

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

LOCAL
UNDERSEA PIPELINE PLAN FACES SCRUTINY ; HEARING SLATED ON ENRON PLAN TO IMPORT GAS
David Fleshler Staff Writer

10/10/2001
South Florida Sun-Sentinel
Broward Metro
1B
(Copyright 2001 by the Sun-Sentinel)

State environmental regulators have raised sharp questions about Enron Corp.'s plans to construct an undersea natural gas pipeline from the Bahamas to South Florida.
The pipeline would threaten coral reefs, travel through a popular state park and face a series of hazards in the commercial bustle of Port Everglades, according to a memorandum by the Department of Environmental Protection's southeast district staff.
The Houston-based company wants to bring natural gas from a plant in Freeport, Grand Bahama, to Fort Lauderdale. With more gas-fueled power plants in the works, the company thinks it would find a market in Florida.
El Paso Corp. and AES Corp. also have proposed undersea pipeline projects, although Enron's Calypso project has moved the furthest in the approval process. Judging from the state's comments on Enron's proposal, all three projects will face difficult questions over their safety and environmental impact.
Just before it reaches land, for example, the pipeline would pass through Port Everglades, a busy center of commerce that could be full of peril for a high-pressure gas pipeline.
"The pipeline will be routed through an area that has experienced chronic disturbances such as dredging, ship groundings, high ship traffic entering and leaving Port Everglades and storm events," states the memo, prepared by Jayne Bergstrom, an environmental specialist who prepared a series of questions for the company.
"Large vessels have caused significant damage to Broward County reefs in recent years, including a 506-foot cargo ship, a freighter driven ashore during a February 1998 storm, a 348-foot Panamanian vessel that washed ashore a month later, and incredibly, a 360-foot nuclear-powered sub, the USS Memphis, in February 1993. Is this the safest route for a high-pressure gas pipeline?"
Enron spokesman John Ambler said the pipeline probably would be 30 to 40 feet below the sea floor in the port, well protected even if a ship sank or ran aground directly over it. Just outside the port, the pipeline would ascend to 3 feet below the floor, but that would be in a rocky area that's closed to ships, he said.
"We're in the process of developing a response to all of these questions," he said. "We're in an ongoing dialogue, and we're optimistic about being able to resolve these concerns in a way that will allow the project to move forward."
The Federal Energy Regulatory Commission will conduct a public hearing tonight on the environmental impact of the Enron project. The public will be allowed to make comments or ask questions of the agency's staff.
The meeting will be at 7 p.m. at the I.T. Parker Community Center, 901 NE Third St., Dania Beach.
As the pipeline approaches Broward County's coastline, it would pass through bands of coral reefs, important habitats for marine life. The company plans to drill horizontally under the reefs to avoid harming them. But it also would drag pipes over them in two areas before inserting them through the holes, according to the state.
"Coral reefs deserve protection for their intrinsic natural value," the memo states. "In addition, the economic, tourism, fishing and recreational resources of South Florida depend on healthy coral reef ecosystems. Calypso staff and engineers have not sufficiently demonstrated to staff that the project cannot be redesigned to avoid sensitive marine resources."
While the company has stated that the impact would be both temporary and insignificant, the memo states that the company has not explained how this could be so. The state estimated that the project would have an impact on about 15 acres of coral reefs and adjacent habitats.
Given the damage the reefs already have suffered from pollution and other sources, the memo questions whether any pipelines should be routed directly to southeast Florida. Instead, it says it may be better to route them to the north, through areas without reefs, then connect to the pipeline system on land.
Ambler said that the company was trying to find ways to avoid dragging the pipes along the reefs.
All three pipeline projects will be reviewed by a series of federal, state and local agencies.
David Fleshler can be reached at dfleshler@sun-sentinel.com or 954- 356-4535.

MAP; Caption: Staff graphic/Renee Kwok Map: (color) Fort Lauderdale - Enron's proposed pipeline would run from Freeport through Port Everglades.
Copyright ? 2000 Dow Jones & Company, Inc. All Rights Reserved.

Reliance Bids to Run Indian Oil Fields, Challenging BG Plan
2001-10-10 11:34 (New York)

Reliance Bids to Run Indian Oil Fields, Challenging BG Plan

     Mumbai, Oct. 10 (Bloomberg) -- Reliance Industries Ltd.,
India's biggest private company, said it claimed the right to run
three offshore oil and gas projects, challenging a bid from the
U.K.'s BG Group Plc.

     BG has said a plan to buy out Enron Corp.'s 30 percent of the
projects is contingent on winning the right to oversee the
developments. Reliance and Oil & Natural Gas Corp., India's
biggest oil producer, together own 70 percent of the exploration
company and have an option to decide the operator after Enron
quits, Reliance spokesman Yogesh Desai said.

     The purchase would gave BG a 30 percent stake in the Tapti
and Panna-Mukta oil and gas fields, as well as 63 percent of an
untapped deposit on the west coast of India. The assets hold more
than 170 million barrels of oil and gas. BG declined to comment.

     BG will invest ``hundreds of millions'' of dollars to double
production in the Tapti field by 2004 if the other two partners in
the venture contribute as well, Nigel Shaw, chief executive
officer of BG India Pvt. told reporters last week. ONGC has
already claimed its right to operate the fields.

     Before agreeing with BG, Enron rejected bids from its Indian
venture partners, ONGS and Reliance, as well as from the nation's
biggest refiner, Indian Oil Corp.

     India's gas production fell 11 percent to 1999 from 1997 as
Oil & Natural Gas Corp., the state explorer, made no significant
discoveries in 15 years. Insufficient supplies of gas have hurt
growth in the country's fertilizer and chemicals industries and
hampered upgrading of its power plants, still mostly coal-fed.

     The government expects a gas deficit to triple in the next
six years unless new wells are drilled or existing fields expand
sales.

     Domestic bureaucracy has already thwarted efforts in India by
Electricite de France and Cogetrix Energy Inc., which have pulled
out, while Enron is locked in a price dispute with authorities.
The government is the sole buyer of gas and power from producers
and the sole seller to distributors.

LME Says Scotiamocatta to End Open-Outcry Floor Trade (Update2)
2001-10-10 11:59 (New York)

LME Says Scotiamocatta to End Open-Outcry Floor Trade (Update2)

     (Adds bank quotes in second, fifth paragraphs.)

     London, Oct. 10 (Bloomberg) -- The London Metal Exchange said
Scotiamocatta, a metals-trading unit of the Bank of Nova Scotia,
will cease open-outcry transactions on the LME floor.

     It was not immediately clear when the company will end floor
trading, said Caoimhe Buckley, a spokeswoman for the exchange, the
world's biggest metals-trading bourse. The bank is planning to cut
about 20 base metals staff in London, said Pam Agnew, a
spokeswoman in Toronto, though its floor dealing is unaffected for
now. ``At this time, it's business as usual,'' she said.

     Scotiamocatta is the latest defection from the LME, whose
number of floor traders has more than halved to 11 in the past
decade because of declining margins. This year, the price of
copper has dropped 23 percent and aluminum has declined 17 percent
as slowing economies cut demand and reduce trading commissions.

     ``It detracts from (the LME's) standing as a marketplace
because it's another one gone,'' said Richard Starsmeare, head of
commodity and trade finance at Raiffeisen Zentralbank in London.

     The bank's decision to cut its London metals staff is related
to the ``downturn in the economy,'' Agnew said.

     The LME's director of corporate affairs, Jonathan Haslam,
later said the exchange couldn't officially comment on
Scotiamocatta's role at the exchange.

     ``The LME wishes to make clear that it has made no formal
statement about the position of the Bank of Nova Scotia,'' Haslam
said in a statement. ``Any statements about their future trading
must come from them.''

     The LME's other floor-trading members, or ``ring dealers''
include Enron Metals Ltd. and Refco Overseas Ltd.

Bin Laden 'look alike' arrested in India
BBC News
October 9, 2001
By Frances Harrison in Delhi
Indian police detained a bearded man in the western border area of Rajasthan on suspicion that he might be the world's most wanted man, Osama Bin Laden.
The man was released after two hours of questioning which established that he was in fact a Hindu and also worked for an American company.
Police in the town of Jaisalmer bordering Pakistan said they saw a man with a flowing beard and black scarf driving along the national highway in a jeep.
They chased the man, took him to the police station and politely asked who he was - clearly concerned they might have apprehended Osama Bin Laden fleeing Aghanistan via Pakistan.
US company
The bearded man told the police he was an engineer working with the American company Enron on a wind energy project in the area.
A telephone call to the company confirmed this and one policeman told the man that he should be thankful he wasn't living in the United States because he would have definitely been shot so strong was his resemblance to Osama Bin Laden.
The man, who turned out to be a Hindu and not a Muslim, was freed immediately.
But not before a crowd of curious villagers had gathered outside the police station eager to catch a glimpse of the man who's been dominating the news.