Do you know who the headhunter was that called on Maggi to do the El Paso thing?


WASHINGTON, Oct 29 (Reuters) - Federal futures regulators on Monday accused two former Coastal Corp.
vice presidents with fraud in an illegal trading scheme in 1996.
A complaint filed by the Commodity Futures Trading Commission accused Clay Krhovjakand Paul Cochran with defrauding Coastal, which merged with El Paso Corp.
earlier this year.
Over a five-month period in 1996, the two allegedly shifted $89,228 from profitable Coastal trades to accounts controlled by other, unnamed participants,the CFTC said in a complaint filed as an internal administrative complaint.
The scheme "ensured Cochran, Krhovjakand other participants risk-free personal profits," the CFTC said.
The two


Our group has been selling NOV to hedge our short basis position.  Our phys fixed priced liquidity this morning put us in a longer nov nymex position.  We have sold 872 since 11:00 am.
Grigsby


USA: Enron shares in stay in doldrums after downgrade.
Reuters English News Service, 10/29/01
USA: US companies' credit quality to worsen-Moody's.
Reuters English News Service, 10/29/01
Enron's Lenders to Demand Harsher Terms, Analysts Say (Update1)
Bloomberg, 10/29/01
USA: Enron shares drop despite further triage attempts.
Reuters English News Service, 10/29/01
USA: Enron says in talks with banks for new credit line.
Reuters English News Service, 10/29/01
USA: UPDATE 1-Enron says in talks with banks for new credit line.
Reuters English News Service, 10/29/01
POWER POINTS:Enron May Have To Rethink Asset-Light Focus
Dow Jones Energy Service, 10/29/01
OFFICIAL CORRECTION Enron long-term ratings downgraded to Baa2 - Moody's
AFX News, 10/29/01
USA: Moody's cuts Enron to 2 notches above "junk".
Reuters English News Service, 10/29/01
UK: Europe energy firms wary of Enron on credit worries.
Reuters English News Service, 10/29/01
BANDWIDTH BEAT: Enron Puts Spotlight Back On Broadband
Dow Jones Energy Service, 10/29/01
USA: Enron shares in stay in doldrums after downgrade.
10/29/2001
Reuters English News Service
(C) Reuters Limited 2001.
NEW YORK, Oct 29 (Reuters) - Enron Corp.'s share price hovered above seven-year lows touched in earlier trade Monday after Moody's Investor Service cut the credit status of its senior unsecured debt of North America's largest energy trader to two ratings above junk status.
Enron, the largest electricity and natural gas trader in North America, also on Monday said it was in talks with banks to expand its credit lines to ease financial concerns that have sent its stock slumping more than 50 percent in the past two weeks.
Enron shares were down $1.40, or 9.03 percent, to $14.10 on the New York Stock Exchange, after earlier in the session trading below $14 for the first time since December 1994.
Moody's also warned that it could cut the debt rating again, now downgraded to Baa2, as well as its rating for the Enron's commercial paper.
Enron's credit-worthiness will have a direct affect on its day-to-day trading operations and its trading partners' perception of making good on trades. With a credit rating hovering above junk status, the cost of doing business will soar as trading partners look for increased collateral to back trades.
Last week Enron shares lost almost $14 billion in market value as a series of piecemeal disclosures about the company's involvement in complex partnerships began to trickle out.
Investors have fled Enron's stock in droves following disclosures that the company did off-the-balance sheet transactions with two limited partnerships run by former chief financial officer Andrew Fastow in deals the U.S. Securities and Exchange Commission is now looking into for possible conflict of interest.
Enron compensated its partners in this off-balance sheet structure with the promise of Enron shares, if the value of private investments in several of its units fell below a certain level.
Many industry observers see Enron's request for additional credit, after the company tapped its banks for $3.3 billion last week, as a sign a weakness.
"We are not of the opinion that drawing down all of one's backup bank lines is a demonstration of financial strength, but instead ... it's an act of desperation," said Carol Levenson, an analyst with independent research firm gimmecredit.com.
Copyright ? 2000 Dow Jones & Company, Inc. All Rights Reserved.
USA: US companies' credit quality to worsen-Moody's.
By Jonathan Stempel
10/29/2001
Reuters English News Service
(C) Reuters Limited 2001.
NEW YORK, Oct 29 (Reuters) - U.S. corporate credit quality is likely to grow much worse before it gets better, a leading credit rating agency said in a report issued on Monday.
Moody's Investors Service said that in the third quarter, it put on review for downgrade its credit ratings for 122 U.S. companies. At the same time, it put on review for upgrade its ratings for just 22 companies.
That 5.5-to-1 ratio is far greater than the 1.3-to-1 ratio in the second quarter.
In dollar terms, the situation looks more dire. Moody's warned it may downgrade $543 billion of debt, dwarfing the $66 billion Moody's said it may upgrade by 8.2-to-1.
"Particularly in light of September 11, the fourth quarter will be particularly weak for credit rating changes," said John Puchalla, Moody's senior economist. "A wide excess of rating reviews for downgrade over upgrades in the third quarter suggests credit deterioration will persist at least into early next year."
Rating reviews are significant because, unlike actual rating changes, they are not a "lagging" indicator, and suggest the future direction of corporate credit. Moody's normally wraps up its reviews within three months.
U.S. corporate credit quality is falling for many reasons. These include the weakening U.S. economy, an inability of marginal companies to raise cash, debt-financed merger activity and fallout from the Sept. 11 attacks on such industries as airlines, insurance, and travel.
For example, Moody's in July warned it may cut Comcast Corp.'s ratings after the Philadelphia-based company bid $44.5 billion for AT&T Corp.'s cable TV operations.
Then last month, Moody's warned it may cut Chicago-based Boeing Co.'s ratings because of the attacks' potential impact on demand for commercial airplanes.
In the third quarter, Moody's warned it may cut its ratings of 54 speculative-grade, or "junk"-rated, companies, and raise the ratings of just 11. For investment-grade companies, the gap was even more yawning: 68-to-11.
And in the fourth quarter? Through Friday, Moody's warned it may downgrade 47 companies and raise a mere four. On Monday, it downgraded embattled energy trading giant Enron Corp., and put all of its ratings on review for another downgrade.
Puchalla, however, said the decline could slow next year, in part because interest rates are low and companies are managing their balance sheets more conservatively.
"Lower borrowing costs and slowing debt growth should reduce debt servicing costs, and fiscal stimulus from the federal government should boost business revenues," he said. "That is a positive for credit quality."
The third quarter was the 14th in a row when corporate rating downgrades outpaced upgrades. The record is 19 quarters, set between 1988 and 1993.
Copyright ? 2000 Dow Jones & Company, Inc. All Rights Reserved.
Enron's Lenders to Demand Harsher Terms, Analysts Say (Update1)
2001-10-29 12:16 (New York)
Enron's Lenders to Demand Harsher Terms, Analysts Say (Update1)
(Updates with analyst comment in fifth paragraph.)
Houston, Oct. 29 (Bloomberg) -- Enron Corp., which can't get
low-interest, short-term loans, faces skeptical lenders who will
demand increasingly harsher terms as the largest energy trader
tries to get cash in the bank, credit analysts said.
``Anyone providing new funding is going to be nervous,'' said
Sean Egan, managing director at Egan-Jones Ratings Co. ``It's
likely that lenders are going to demand collateral.''
Enron is trying to get $1 billion to $2 billion in loans from
Citigroup Inc., J.P. Morgan Chase & Co. and other banks to calm
investors after a 52 percent drop in the company's stock since
Oct. 17, the Wall Street Journal reported. The company needs cash
every day to settle commodities transactions and to keep trading
partners.
The company on Thursday tapped $3.3 billion in bank credit
lines last week to pay off about $2 billion in commercial paper,
or short-term corporate loans. A week ago, the Enron said the U.S.
Securities and Exchange Commission had began an inquiry into
related-party transactions. They cost the company $35 million and
$1.2 billion in lost shareholder equity.
``Banks are in the driver's seat, and Enron is a little
desperate,'' said Peter Petas, a debt analyst at CreditSights Inc.
``I think their interest rates for loans would go up.''
Sells Assets for Cash
Companies in Enron's situation often agree to other bank
terms in order to secure loans, Petas said. Those can include
agreeing to use proceeds from selling assets to pay debt and
putting up assets as collateral.
Enron is attempting to sell assets to raise cash. Two related
partnerships, Osprey and Marlin, depend on selling power plants
and similar assets to repay $3.3 billion borrowed to buy the
plants. Enron may have to pay any difference between the debt and
sales proceeds.
The company plans to complete the $2.9 billion sale of
Portland General Electric, an Oregon utility, to Northwest Natural
Gas Co. next year.
Shares of Houston-based Enron fell $1.30, or 8.4 percent, to
$14.10 in midday trading. Earlier, they touched $13.55, down 12
percent. The company's credit rating was cut by Moody's Investors
Service after it wrote down the value of its assets.
The stock had tumbled 80 percent in the past 12 months.
--Russell Hubbard in the Princeton newsroom, 609-750-4651
USA: Enron shares drop despite further triage attempts.
10/29/2001
Reuters English News Service
(C) Reuters Limited 2001.
NEW YORK, Oct 29 (Reuters) - Enron shares slipped to a new six-year low in early trade as North America's largest natural gas and electricity trader said it was talking to banks about tapping additional credit lines to ease financial concerns that have sent its stock slumping more than 50 percent in the past two weeks.
Enron's shares were trading down 90 cents, or 5.8 percent, to $14.60 in early morning trade on the New York Stock Exchange. Shares crashed through $15, a low not seen since February 1995.
Last week, Enron shed almost $14 billion in market value as its stock price tumbled more than half since last week, when a series of piecemeal disclosures about its involvement in complex partnerships began to trickle out.
However, many industry observers see Enron's request for an additional credit after tapping its banks for $3.3 billion last week after as a sign a weakness not of strength.
"We are not of the opinion that drawing down all of one's backup bank lines is a demonstration of financial strength, but instead ... it's an act of desperation," said Carole Levenson, research analyst with independent research firm gimmecredit.com.
Copyright ? 2000 Dow Jones & Company, Inc. All Rights Reserved.
USA: Enron says in talks with banks for new credit line.
10/29/2001
Reuters English News Service
(C) Reuters Limited 2001.
NEW YORK, Oct 29 (Reuters) - Energy trading giant Enron Corp. said on Monday it is in talks with banks for additional credit, in a move to shore up investor confidence.
Enron declined to comment on the size of the credit line, which banks it is in talks with and when it expects to complete an agreement on a new credit line.
"We want to restore investor and market confidence and nothing instills confidence like cash," said Enron spokesman Mark Palmer.
The Wall Street Journal reported Monday the beleaguered energy trader is negotiation with bank for a new credit line of between $1 billion to $2 billion to prop up share prices following last week's selling that sent shares plummeting.
Enron said it drew about $3 billion in new credit lines last week, and has a net cash liquid position in excess of $1 billion.
Enron shares sank 50 cents, or 3.2 percent, to $15 in early morning trade on the New York Stock Exchange. ((David Howard Sinkman, New York Newsdesk 646-223-6094)).
Copyright ? 2000 Dow Jones & Company, Inc. All Rights Reserved.
USA: UPDATE 1-Enron says in talks with banks for new credit line.
10/29/2001
Reuters English News Service
(C) Reuters Limited 2001.
NEW YORK, Oct 29 (Reuters) - Energy trading giant Enron Corp. said on Monday it is in talks with banks for additional credit, in a new move to shore up investor confidence after it tapped about $3 billion in credit last week, and to stop a plunge in the company's stock that set new six-year lows.
Enron declined to comment on the size of the credit line, which banks it is in talks with and when it expects to complete an agreement on the new credit line.
Enron shares crashed through a psychological barrier of $15 a share, shedding $1.66, or 10.65 percent, to $13.85 in early morning trade on the New York Stock Exchange. The stock has lost more than half of its value in the past two weeks, losing more than $14 billion in market capitalization.
"We want to restore investor and market confidence and nothing instills confidence like cash," said Enron spokesman Mark Palmer in Houston.
Enron shares have tumbled since the company reported its first-quarterly loss in more than four years on Oct. 16. The company also wrote down $1.2 billion in equity, including transactions with partnerships formerly run by its chief financial officer who was forced to step down from Enron last week.
The sell-off was sparked by investor concern about the transparency of the transactions, which the Securities and Exchange Commission is examining. Enron last week replaced CFO Andrew Fastow as part of efforts to restore investor confidence.
The Wall Street Journal reported Monday the beleaguered energy trader is negotiation with bank for a new credit line of between $1 billion to $2 billion to prop up share prices following last week's selling that sent shares plummeting.
Enron said it drew about $3 billion in new credit lines last week, and has a net cash liquid position in excess of $1 billion.
"Clearly, both the stock and bond market view Enron as being in dire straits," said independent research firm Gimme Credit analyst Carol Levenson.
"We are not of the opinion that drawing down all of one's backup bank lines is a demonstration of financial strength, but instead it's an act of desperation."
Copyright ? 2000 Dow Jones & Company, Inc. All Rights Reserved.
POWER POINTS:Enron May Have To Rethink Asset-Light Focus
By Mark Golden
10/29/2001
Dow Jones Energy Service
(Copyright (c) 2001, Dow Jones & Company, Inc.)
A Dow Jones Newswires Column
NEW YORK -(Dow Jones)- On the face of things, it's hard to understand the stock market's headspinning reaction to Enron Corp.'s (ENE) revelation of some bad news in recent weeks.
Why the talk of a "death spiral" for North America's premier energy trading company? The stock price of Cisco Systems Inc. (CSCO), for example, saw an almost identical drop over a similar 12-month period. Nobody questioned the viability of Cisco.
The difference is that over the past few years, Enron has redefined itself as a company that runs on financial and intellectual muscle - not hard assets - and that focus is getting the company into trouble now that its credibility is in question.
If you're buying network components, you can probably stand some ambiguity in the finances of your supplier. After all, you're buying something you can touch. But if you're buying power or gas, what you're really buying is a commitment to deliver. If your supplier doesn't come through when the market gets tough, you're left totally exposed. In Enron's energy trading business, then, credibility at every level is critical.
For now, Enron looks to be more than viable. But the company's asset-light strategy might not be. Gross profits from trading have shrunk to 1.65% in the third quarter from 5.26% in the first quarter of 1998. Meanwhile, asset-heavy energy companies like Mirant Corp. (MIR) and Calpine Corp. (CPN) successfully use trading to optimize the performance of power plants and other infrastructure.
Two weeks ago, Enron reported a $618 million third-quarter loss, resulting from $1.01 billion in write-offs. That didn't send investors running, however. In fact, its stock price rose a bit on the news.
What hurt was the disclosure that Enron had reduced its net assets, or "shareholders' equity," by $1.2 billion as a consequence of unwinding positions in partnerships headed by former Chief Financial Officer Andrew Fastow. That, along with warnings of possible downgrades by credit ratings agencies and an inquiry by the Securities & Exchange Commission produced a $15.6 billion drop in Enron's market value.
On Monday, Moody's Investors Service followed through by downgrading its rating on Enron's senior, unsecured long-term debt to Baa2 from Baa1, leaving it two steps above junk-bond levels. The agency kept Enron's ratings on watch for further downgrade.
Long-Running Concerns
A 50% hit to shareholder value still seems like an overreaction to a 10% reduction in shareholders' equity. The stock price reflects the expectation of additional losses to be reported and Enron's loss of credibility. Enron executives in a conference call Tuesday insisted that the worst was behind them, but few on the call believed that.
For some analysts, Enron's revelations only fed long-running concerns about the company's lack of financial disclosure.
Cary Wasden, managing partner of Reed Wasden Research, has had a "sell" recommendation on Enron since March. Unlike the analysts at big Wall Street firms, Wasden isn't in the business of selling stock. His firm isn't involved in brokerage and isn't a hedge fund. Wasden gets paid for his research, and the company doesn't invest in the securities it covers.
A main Wasden concern with Enron is that the company has regularly included the proceeds from one-time sale of physical assets in operating income. His belief is that Enron has dramatically inflated its earnings for the past couple of years - a concern to which an Enron spokeswoman couldn't immediately respond.
"Don't believe by any means this is the end of the story," Wasden said.
Wall Street sell-side analysts have largely kept Enron as a "buy" or "strong buy" as the stock fell from $90 to $20. But even they are expressing concerns about the quality of Enron's reporting.
For now, the plunge in the price of Enron's shares and bonds, which last week started trading like junk-rated debt, hasn't hurt its credit standing with energy trading partners.
"We haven't changed our thinking regarding Enron or our policies and practices. We're watching it, and so is everybody else, but they are a solid company," Reliant Energy Inc. (REI) spokesman Richard Wheatley said in a typical reaction. "This is unfortunately a feeding frenzy regarding some dealings that I'm sure Enron will be able to come out of at some point."
Keeping Talent A Challenge
Enron is a big company - far too big to ignore. But continued deterioration in the price of its shares and bonds could lead counterparties to restrict their traders' transactions with Enron. If the company's investment-grade bonds continue to trade near levels traditionally considered distressed, risk managers won't be able to ignore it, whatever else Moody's does.
Assuming that doesn't happen, Enron still faces a tough road ahead. Like all companies, Enron is the combination of capital and talent. For financial companies, talent is the more important ingredient, and Enron has been suffering damage to its talent for some time.
New Chief Executive Jeff Skilling left in August, and a handful of his key lieutenants left earlier in the year. The losses can be expected to continue. Much of the top management cashed out when the company's stock price was high and moved on. Now middle management on down is angry and anxious to move on, if they haven't already.
Over the years, Enron has compensated its very talented labor with stock options to make up for base pay considered low by the industry. Those options are now nearly worthless. If Enron's debt-service costs rise, the company could struggle to attract the talent needed to generate income in its core business of trading energy in North America.
Some analysts would like to see more turnover at the very top. When Skilling left, nobody believed Skilling or Chairman Kenneth Lay's assurances that it was for "personal reasons." When CFO Fastow was forced out of his position last week, Lay said, "In my continued discussions with the financial community, it became clear to me that restoring investor confidence would require us to replace Andy as CFO."
That's putting words in Wall Street analysts' mouths. Who thought scapegoating Fastow was really the answer?
"I don't know anybody who said that," Wasden said. "What did the CFO do, what did Skilling do, that Ken Lay wasn't part of?"
Real change will have to come from without, Wasden said.
"Enron has been a cult, more than a company," he said. "Recruiting from within does nothing to change the company, it just changes the disciples. Enron needs to pull some top talent from outside."
Nevertheless, Wasden thinks Enron's stock has reached its natural floor and, if the company starts disclosing how it really makes money, it can recover over time.
"There are a lot of earnings that can be wrung out of really strong operating assets, like pipelines and power plants," he said.
That means paying more attention to the assets that Enron has spent the past few years denigrating. Given the bind Enron is in, Lay won't have much choice. Enron will survive, but it won't be the same company at all.
-By Mark Golden, Dow Jones Newswires; 201-938-4604; mark.golden@dowjones.com
Copyright ? 2000 Dow Jones & Company, Inc. All Rights Reserved.
OFFICIAL CORRECTION Enron long-term ratings downgraded to Baa2 - Moody's
10/29/2001
AFX News
(c) 2001 by AFP-Extel News Ltd
(Moody's corrected its stance on Enron ratings to a downgrade)
NEW YORK (AFX) - Moody's Investors Service said it has lowered the senior unsecured long-term debt ratings of Enron Corp from Baa1 to Baa2 following a deterioration in Enron's financial flexibility since the company announced significant writedowns as well as equity charges in previously undisclosed partnership investments.
The long-term debt ratings remain on review for further downgrade, Moody's said.
Moody's also placed the company's Prime-2 rating for commercial paper on review for downgrade.
Moody's initially placed Enron's long-term debt ratings on review on Oct 16. The write-downs and equity charges led to a substantial loss in investor confidence that has led to a more than halving of Enron's share price and difficulties in rolling over commercial paper, according to Moody's.
In response to these events, Moody's said Enron has shored up its near-term liquidity position by drawing down on all of its committed revolving credit facilities and buying back its outstanding commercial paper, leaving the company with a net cash position of approximately 1.2 bln usd.
Moody's said it plans to focus on management's success in lining up further liquidity support and on their ability to retain credit availability from their major counterparties.
aw/gc For more information and to contact AFX: www.afxnews.com and www.afxpress.com
Copyright ? 2000 Dow Jones & Company, Inc. All Rights Reserved.
USA: Moody's cuts Enron to 2 notches above "junk".
10/29/2001
Reuters English News Service
(C) Reuters Limited 2001.
NEW YORK, Oct 29 (Reuters) - Moody's Investors Service on Monday cut embattled energy trading giant Enron Corp.'s senior unsecured debt rating to two notches above junk status, and warned it may cut that rating again, as well as its rating for Enron's commercial paper.
The rating agency cut Houston-based Enron's senior unsecured debt to "Baa2" from "Baa1," and said it may cut Enron's "Prime-2" commercial paper rating, which affects short-term debt. Its rating actions affect $13 billion.
Moody's said Enron is suffering from deteriorating financial flexibility since it announced big write-downs and equity charges from previously undisclosed partnership investments this month. This triggered "difficulties in rolling over commercial paper," Moody's said.
Enron, which has about $63.4 billion in energy assets, said on Monday it is talking with banks to get more credit, after last week drawing down $3 billion from a bank credit line to buy back its outstanding commercial paper.
Its shares traded Monday on the New York Stock Exchange at $13.75, down $1.75, or 11.3 percent. They have fallen 62 percent since Oct. 12, from $35.81.
Rating agency, Standard & Poor's, on Thursday revised its outlook for Enron's ratings to "negative" from "stable."
Copyright ? 2000 Dow Jones & Company, Inc. All Rights Reserved.
UK: Europe energy firms wary of Enron on credit worries.
By Stuart Penson
10/29/2001
Reuters English News Service
(C) Reuters Limited 2001.
LONDON, Oct 29 (Reuters) - Energy companies in Europe are shying away from trading with troubled U.S. energy group Enron amid concerns about the company's credit status, industry sources said on Monday.
Several large energy groups have frozen their dealings with Enron - one of Europe's biggest gas and power traders - as they hold urgent talks with the U.S. group about setting up new credit arrangements, the sources said.
"I think Enron's approach is to get the major counterparties back on board as quickly as possible and then hope the smaller ones will follow," said the head of risk management at one UK utility that halted its trade with Enron last week.
"They are talking with us about bank letters of credit," he said. "The people that are still trading with them are doing so on a very restrictive basis."
A spokesman for Enron's European headquarters in London headquarters declined to comment.
Reluctance to trade with Enron in Europe comes as the company tries to rebuild investor confidence after its stock hit five-year lows.
Triggering the slide was news last week the U.S. Securities and Exchange Commission is investigating huge losses relating to a private equity operation run by its former chief financial officer.
Houston-based Enron trades a large amount of its volume in the U.S. and Europe through its Internet EnronOnline system.
Last Friday the company said trade on EnronOnline was above average levels with more than 8,400 transactions at a notional value of approximately $4 billion.
Traders said Enron's plight could hit liquidity in European gas and power markets, where liberalisation has unleashed rapid growth in energy trading in the last couple of years.
One industry source cited a brokers list showing eight companies in the UK electricity market had put on hold their trading Enron, which is among the biggest five traders in the market.
In mainland Europe, where Enron has been a major driver of liquidity, potential counterparties are treading with care.
"We are avoiding them as counterparties - either by not trading with them or by using a 'sleeve' (a third party trader)," said a senior trader at one of Germany's big utilities, who declined to be named.
French traders said wariness about dealing with Enron had dampened liquidity although Enron was still in the market on Monday morning.
"Enron is a major player so counter parties are looking to see if there is a problem," said one French trader.
Copyright ? 2000 Dow Jones & Company, Inc. All Rights Reserved.
BANDWIDTH BEAT: Enron Puts Spotlight Back On Broadband
By Michael Rieke
10/29/2001
Dow Jones Energy Service
(Copyright (c) 2001, Dow Jones & Company, Inc.)
A Dow Jones Newswires Column
HOUSTON -(Dow Jones)- Thanks to Enron Corp. (ENE), the broadband sector again looks like a place to make money.
But it won't be traders who will cash in on this new potential. It will be class-action attorneys. They're already lining up to sue Enron in at least five shareholder suits.
As of Oct. 25, two of lawsuits had been filed against Enron in federal court and three more in Texas state court. Most of them name as defendants Ken Lay, Enron's longtime chairman, former Chief Executive Jeff Skilling and Andrew Fastow, Enron's chief financial officer until he was put on leave of absence Oct. 25.
Still another suit, which isn't a class action suit, was filed naming as defendants members of Enron's board of directors.
All the lawsuits concentrate on private investment partnerships Enron set up, many of them managed by Fastow. Most of the suits contend that it was a conflict of interest to have the Fastow partnerships doing complicated hedging transactions with Enron.
The transactions named in the lawsuits involved billions of dollars of underperforming assets in broadband, water and other Enron investments.
Fastow operated on both sides of some of those transactions. As Enron's chief financial officer, he was being paid to manage the corporation's finances. As general partner of two LJM partnerships, he managed the counterparties to billions of dollars of trades with Enron. He shared in profits of those partnerships.
When investors began demanding information about the transactions, Enron's share price began to slide. With the heat on, Enron recently unwound the trades with the partnerships and booked $544 million related to losses from early termination of the deals, among other things.
That's when the class action attorneys went to work. So far, at least 14 law firms are representing the plaintiffs. Enron didn't respond to calls asking about the lawsuits.
Among the law firms representing plaintiffs is Milberg Weiss Bershad Hynes & Lerach, which put out a news release announcing its lawsuit. The release points out that the firm has been responsible for recovering more than $30 billion from class action lawsuits.
The lawsuits bring up questions about the bandwidth trading market. Some of the deals with the LJM partnerships run by Fastow "purportedly involved hedging transactions in the broadband market," according to Abrams and Franks v. Enron et al.
That could tie into questions that have lingered in the bandwidth market for months. Market skeptics have said Enron and other energy companies are the only ones trading bandwidth.
Enron has reported that it has been trading with a growing number of counterparties, a total of 120 in the second quarter of this year, according to Enron.
Now market watchers will want to know if any of Enron's trades were done with the LJM partnerships managed by Fastow.
They will also want to know how many bandwidth trades were done with Chewco Investments. That Houston company, according to a report in The Wall Street Journal, was managed by Michael Kopper and was set up in 1997 when Kopper was a managing director with Enron's Global Equity Markets Group. He left Enron earlier this year to work for partnerships run by Fastow.
Do the plaintiffs' attorneys know whether Enron was trading bandwidth with any of those investment partnerships?
"I think if is too early to tell," Thomas Bilek of Hoeffner & Bilek told Bandwidth Beat. "As you know, (information) is coming out in drabs and dribbles from Enron."
It could be several months before plaintiffs' attorneys get a chance to ask Enron officials those questions, Bilek said.
It's also too early to tell what potential damages plaintiffs could win, said Steven Schulman, an attorney with Milberg Weiss. "At this point, you can only talk about it in terms of (shareholder) losses, and the losses are in the billions."
Total losses will depend on the price each shareholder plaintiff paid for the stock and the price at which each shareholder later sold the stock.
Enron's share price topped out between $90 and $91 in the summer of last year. It set a 52-week low Oct. 26 at $15.04. That spread leaves plenty of room for losses.
Schulman told Bandwidth Beat that the record for losses in shareholder cases is $11 billion in a case involving Cendant Corp. (CD). Damages are usually a substantial portion of losses, Schulman said.
"Whether (the Enron case) is bigger or less, I couldn't opine," he said. "This is a big case, by any means."
-By Michael Rieke, Dow Jones Newswires; 713-547-9207; michael.rieke@dowjones.com
Copyright ? 2000 Dow Jones & Company, Inc. All Rights Reserved.


-----Original Message-----
From: 	Crenshaw, Shirley
Sent:	Thursday, October 25, 2001 2:15 PM
To:	Black, Tamara Jae; Rangel, Ina; Coneway, Betty J.
Subject:	Presentation Announcement
Hello everyone:
Would you please forward this announcement to your groups?  I really appreciate your help!
Thanks!
Shirley Crenshaw
*************************************************************************************************************************************************
You are invited to attend the following presentation:
PSIM: A Power Simulation Tool
PSIM is a proprietary model developed by Enron Research Group.
?	It takes Power, Gas, Weather and demand information into consideration and
uses Monte-Carlo simulation to assess the expected deal value and risk distribution.
?	It evaluates complex electricity related contracts such
as Full Requirement  and load following contract.
?	It also provides a valuation tool for power assets and asset management deals.
?	It works for both deal specific or portfolio issues.
In this presentation we will show how the model can be used to deal with various types
of contracts, explain the model structure and point out further applications.
Date:		October 30, 2001
Time: 	4:00 pm
Location: 	EB5C2
Presenter: 	Alex Huang
Registration is required for a head count.
Please call Shirley Crenshaw at 3-5290 to register.
Pizza and soft drinks will be served.


John,
Here are the deals that the LNG group are currently working on.  We can discuss whenever you have time, also, if you want Eric Groves to come up to discuss let me know.  Thanks.
John
-----Original Message-----
From: 	Groves, Eric
Sent:	Wednesday, July 18, 2001 8:57 AM
To:	Griffith, John
Subject:	LNG deal summaries
John,
Some of this may require some expanation.  Please let me know if you want me to come up and discuss with your crew.
Thanks,
Eric


From enron's perspective:
Buy 1095 Jan 02 from williams, sell to koch
Buy 550 Feb02 from williams, sell to koch
buy 6/day cal 03 from williams, sell to koch
buy 1/day cal 5 from williams, sell to koch
buy 1/day cal 6 from williams, sell to koch
I will be in a meeting from 3-4:30 so if you can't get to it today I will just call you tommorrow to check it out
Thanks


Hi John,
Here is the information you were looking for. We are still working on the buy sell breakouts. For the buy/sell breakouts do you need it broken down by product type as well?
Savita
-----Original Message-----
From: 	Johnson, Adam
Sent:	Monday, October 29, 2001 1:33 PM
To:	Puthigai, Savita; Moorer, Torrey; Sweitzer, Tara; Denny, Jennifer
Subject:	Top 50 Counterparties by Volume - US GAS as of 10-25-01
Adam Johnson
EnronOnline


The report named: NG - PROPT P/L
, published as of 10/29/2001 is now available for viewing on the website.


John:
Bank of Montreal would like to take Enron up on the offer you made this
afternoon to help balance our short swap exposure with your organization and
replace it with a third party Enron may have offsetting transactions with.
Per our conversation, to offset the contracts that we are short to Enron,
our position would allow us to accommodate the following transactions:
Buying five and a half (5.5) contracts a day December 2001 (Z01) natural gas
last day swaps from Enron and selling to a third party
Buying sixteen and a half (16.5) contracts a day January 2002 through
December 2002 (F02-Z02) natural gas last day swaps from Enron and selling to
a third party
Buying four (4) contracts a day April 2003 through October 2003 (J03-V03)
natural gas last day swaps from Enron and selling to a third party
Buying two (2) contracts a day January 2004 through December 2008 (F04-Z08)
natural gas last day swaps from Enron and selling to a third party
If you find an appropriate offsetting positions please contact me at
212-605-1475.
Thank you,
David DeVeny
Bank of Montreal
Commodity Derivatives Group
****************************************************************************
This e-mail and any attachments may contain confidential and privileged information. If you are not the intended recipient, please notify the sender immediately by return e-mail, delete this e-mail and destroy any copies. Any dissemination or use of this information by a person other than the intended recipient is unauthorized and may be illegal. Unless otherwise stated, opinions expressed in this e-mail are those of the author and are not endorsed by the author's employer.


The following reports have been waiting for your approval for more than 4 days.  Please review.
Owner: Justin K Rostant
Report Name: JRostant 10/24/01
Days In Mgr. Queue: 5


Hey John!
How are you??  I've been following the Enron story closely, which means I've
thought of you a lot recently.  I hope things are going well, despite the
uncertainty.
I ran into someone from our Enron days today, which made me think of a funny
story.  Do you remember when John Mee tried to eat 8 Big Macs and hurled
instead?  John was talking to my boss, Chuck Clough, today, who he's known
since childhood and is a mentor of sorts.  When he got off the phone, Chuck
told me who he was talking to and the name John Mee struck me as familiar.
I asked Chuck if he was a big kid who'd gone to Harvard and he said yes.  So
I tell him the Big Mac story and Chuck picks up the phone and calls John to
ask him if that was him because if so, I knew him.  Poor thing says "yeah,
that was me, but not one of my finer moments..."  I could tell he was
embarrassed.  I guess there are some things in life you just never live
down.
I also ran into some friends of yours in Bermuda last month.  We shared a
cab to the airport and realized we had all been at Enron, though not at the
same time.  I mentioned that I really loved the company, especially how
young it was and that I had a friend who joined right out of undergrad and
is now doing really well.  They immediately said "John Arnold!"  Shocked the
hell out of me, honestly.  They were very funny in saying that I had made a
"bad trade" by marrying my husband instead of you.  I told them I would keep
that in mind....  ;-}  I would tell you their names, but I can't remember
off the top of my head.  They both work for a weather trading firm in the
Northeast now, with Lynda Clemmons.
Well, gotta run to the gym - been putting it off as long as I could today.
I really do hope you're doing well.  Please drop me a line when you aren't
trading up a storm...
Warm regards,
Heather
_______________________________
Heather Lockhart Robertson, Director
Clough Capital Partners, LP
260 Franklin Street, 19th Floor
Boston, MA  02110
P: 617-204-3409
F: 617-204-3434
E: hrobertson@cloughcapital.com


Hi John,
The events surrounding the Enron demise are quite disturbing not only to
me but to many of us over here.  Our hearts go out to all the employees
who will not only loose their employment but also most, if not all, of
their savings.  As you know, I've always thought a lot of you; not only
for your trading skills, but also as a person.  You are one of the
largest and most influential traders in the market, yet do not have the
annoying ego so often found in traders of your stature.   I'm absolutely
sure that you'll do well no matter where your career takes you.  I just
wanted you to know that if there is ever anything I can do for you,
please don't hesitate to call.  This is not a solicitation for
employment.  This is from a person who always felt you treated me
honestly and fairly and if the occasion arises, would like to
reciprocate.


John:
Here are the messages on your voicemail.
11:30 PM 11/30/01 - Todd Apple ...pls call
1:24 PM 11/30/01 - Frank Giby/ Time in New York...wants to talk off the record 212-522-0040
4:32 PM - 12/3/01 -  Lucinda called Mattress in and ready to be delivered 713-990-2400 or cell# 713-906-1200
4:01 PM  - 12/4/01 - Lucinda called....mattress will be delivered at 4:00 on Wednesday 12/5/01
5:10 PM  -12/4/01 - Eric Macada...he interviewed with you last month and wanted to keep touch with you in case there were possiblities in the future 212-737-8090
5:42 PM - 12/4/01 - Foster called and said backoffice tried to confirm 17 direct deals for Friday 11/30/01 and he doesn't have this recorded....he already spoke to Dutch and he is suppose to look into it.... please call him anyway.
7:16 PM - 12/4/01 Dawn Ray with Sidadel 312-696-2081 ...would not leave any messages


John and Dutch -
This email is sent to discuss what is needed with respect to NYMEX quotes from the broker market.  Simply put, we need quotes on every forward term for which we currently have positions.  It seems that the best way to obtain relevant information would be to ask for the following:
1.  Annual quotes (a quote for 2003, a quote for 2004, etc.)
2.  Seasonal quotes (winter '03, summer '04, etc.)
In short, try to obtain pricing to match any positions which we currently have in the books.  I know that this will be difficult to accomplish, but please do what you can.  We need these quotes for every day starting with Nov 28 through today.  We will continue to need daily updates for the immediate future.
Also, I am aware that our current position doesn't give us much stroke to ask for a lot of pricing data.  However, this information is critical as it will be needed for calculation of termination values.  Please do whatever you can to obtain as much data as possible.  Additionally, we need to get quotes from as many different brokers as possible to help verify pricing.
Please let me know if the brokers are not accomodating your requests; we may need to ask John or Louise to place calls into the brokers to move this process along.
If you have any questions or comments, you can normally find me in the "war room" next to Louise's office.  If I'm not there, please call me at (713) 927-3003 or at ext 53923.
Thanks,
Jay


I left a message earlier with your assistant.  My contact information is
below, please touch base with me as soon as possible.  I am working on a
project that is very pressing.
Lyndon A. Taylor
Principal
Heidrick & Struggles, Inc.
1221 McKinney, Suite 3050
Houston, Texas 77010
Office: (713) 751-3048
Fax: (713) 751-3018
Cell: (713) 303-3177
VM:  (800) 964-5445
ltaylor@heidrick.com
www.heidrick.com


john, i think it really really is to your benefit to speak to me asap . to
have a brief phone conversation. i called you a last week but you were off
the desk. not sure if you got the message. i have a sense of whats going on
there, its still worth calling. regards, things are looking rosy for you
dude.
212-933-2030
cell ph 917-374-6760


>  -----Original Message-----
> From: 	LaFontaine, Steve
> Sent:	Tuesday, December 11, 2001 12:43 PM
> To:	LaFontaine, Steve
> Subject:	RE: re
>
> hey man-in the end good luck to whatever way you decide. youre a good guy
> in my book. when i left cargill it was intersting to see who in the
> industry would continue to talk to me w/out a big infrastructure backing
> me. you were one of them who did. some others did not. i wont forget that.
> i think this really would be a good fit for you but cant blame you for
> looking at the other option as well.
>   if you go the other way-the primary advantage as i see it is you can
> trade alot of non correlated risks. i can tell you this is huge. trading
> oil and natgas has made me much bettr and much more consistent. so if yu
> go that way id recommend going somewher you can learn petroleum, metals,
> equities, grain etc rather than just feeling limited do to experience by
> trading natgas only. make sense? my opinion
>    anywy-whatever yo do ill be glad to help anyway i can. hope youll be on
> the east coast for my sake


8214 Colonial Oaks Lane
Spring, Texas 77379
December 13, 2001
Regarding: energy trading positions
To Kevin Presto, Harry Arora, and John Arnold:
I am writing to you to express my desire to be apart of the Wholesale Power and Gas Trading operation that will potentially be created with an entity that has a high credit rating.  I have been working for Rogers Herndon in Enron Wholesale Services on the Options Desk.  In this role I have modeled the power options that are embedded in the various deals done through Enron Energy Services with large industrial and commercial clients.  In addition, I profitably managed the positions and priced deals for structurers and originators.  I realize that now is a difficult time but am confident that I would make an excellent addition to your team for several key reasons:
?         Proven experience in the financial markets and direct trading experience in various markets, including electricity and natural gas, mortgage backed securities, U.S. Treasury securities, foreign exchange, EuroCurrency and EuroDollar deposits
?         Team player and high work ethic, successfully balancing trading opportunities with managing risk
?         Solid portfolio management and risk management experience in electricity and mortgage banking
?         Five years direct experience in trading, risk management, structured products and marketing of electricity for the United States
?         Actively involved in the physical markets and strong understanding of the western grid
?         Experience trading OTC forwards and options at major hubs in other NERC regions such as Cinergy, Entergy, ERCOT, NEPOOL and PJM
?         Worked for both unregulated power marketers and regulated utility
?         Extensive experience in derivatives and structured products
?         Ability to effectively work with marketers pricing and structuring deals for industrial and commercial end users of energy
?         Strength in mentoring junior traders
Thank you,
Rick J. Wurlitzer
Home: (281)251-6210,  Work: (713)853-5049
E-Mail: Home: r.wurlitzer@att.net
, Work: rwurlitz@enron.com


The search results for your forgotten Yahoo ID are listed below:
jarnold5329
nymexdesk
You can request a new password for your account
by going to the Forgot Password screen.

Thank you for using Yahoo!


Please be aware that remote connectivity into the  Enron network has changed, IPASS is no longer available. Remote Connectivity into Enron may be obtained by using the eConnect solution.  Authorization to use eConnect may be requested via the eRequest system (you will find a link to eRequest on
Email is accessible from any computer with internet connectivity by logging into Outlook Web Access http:\\mail.enron.com with your NT login ID and password. Accessing OWA does not require an eConnect connection.
Please direct all questions or concerns to the Resolution Center at 713-853-1411
ETS customers should direct inquiries to the ETS Solution Center at 713-345-4745
We appreciate your cooperation in advance


John,
I will have my cell with me until Saturday the 22nd.  713-569-4684.  From the 22-29th please reach me at 781-830-9199.  I will be out of the country but checking in at that number.  I will call you tonight to make sure that this information has made it to you.   Thanks-Jeb


John -
I want to confirm that you received the literature on the UBS PaineWebber
Private Equity Fund III and the Tamarack Fund.  The Private Equity III
literature refers to a December 17 closing date; however, we have extended
that closing, so you may still be able to participate.  Have you reviewed
the material, yet?
Thanks,
> Michael Gapinski
> Account Vice President
> UBS PaineWebber, Inc.
> Corporate Employee Financial Services
> 713-654-0365
> 800-553-3119 x365
> Fax: 713-427-7539
> Cell: 281-435-0295
michael.gapinski@ubspw.com
>
******************************************************
Notice Regarding Entry of Orders and Instructions:
Please do not transmit orders and/or instructions
regarding your UBSPaineWebber account(s) by e-mail.
Orders and/or instructions transmitted by e-mail will
not be accepted by UBSPaineWebber and UBSPaineWebber
will not be responsible for carrying out such orders
and/or instructions.
Notice Regarding Privacy and Confidentiality:
UBSPaineWebber reserves the right to monitor and
review the content of all e-mail communications sent
and/or received by its employees.
- Michael Gapinski (E-mail).vcf


Friends:
The NYMEX will be open for a normal trading day today, closing at 2:30 p.m. EST.
The market
will remain closed Monday December 24 and Tuesday December 25.  NYMEX ACCESS
will
reopen the evening of the 25th at 7:00 p.m.  The Exchange will reopen Wednesday
morning the 26th
at 10:00 a.m. EST.
Happy Holidays!!
BNP PARIBAS Commodity Futures
_____________________________________________________________________________________________________________________________________
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_____________________________________________________________________________________________________________________________________


Folks,
Here's the long awaited settlements chart.
I'm not assuming any credit risk.
--anthony


Dear John,   Thanks for booking your flight on Orbitz.   Please note: You cannot use this document to pass through airport security.   Within the next 24 hours we'll send you an "Itinerary Companion" e-mail that will include your airline ticket number(s), and all the information you will need to check in for your flight and pass through security.   Please review carefully:   Your Orbitz record locator is OLJ7LV. Airfare Quoted: USD $1,493.40 (including taxes) Shipping Fee: USD $15.00 Total: USD $1,508.40 These tickets may carry restrictions.     Houston George Bush International (IAH) to Philip S.W.Goldson Int (BZE)      Saturday, December 29      Flight: Taca International Airlines 411      Departure: December 29 2:20 PM CST (IAH)      Arrival: December 29 4:50 PM GMT-06:00 (BZE)      Class: Economy       Philip S.W.Goldson Int (BZE) to Dallas/Fort Worth International (DFW)      Tuesday, January 1      Flight: Taca International Airlines 2140 (Operated by: AMERICAN -- AA2194)      Departure: January 1 4:40 PM GMT-06:00 (BZE)      Arrival: January 1 7:44 PM CST (DFW)      Class: Economy       Dallas/Fort Worth International (DFW) to Houston George Bush International (IAH)      Tuesday, January 1      Flight: American Airlines 372      Departure: January 1 8:51 PM CST (DFW)      Arrival: January 1 10:03 PM CST (IAH)      Class: Economy      Please note: changes to your itinerary may result in additional fees.  If you are interested in purchasing travel protection for this trip, click here for an introduction to Access America .  Again, thanks for choosing Orbitz.   To show our appreciation, we've arranged for you to get special savings on great gifts -- $10 off any purchase at FTD.COM and $30 off popular Omaha Steaks products. There's no minimum purchase required and you can take advantage of one or both of these great offers.   Get $10 off any purchase at FTD.COM. You could save as much as 50% off the regular price! Here's how to take advantage of this great offer:  If you want to place your order online, click here . Your $10 discount will be automatically applied when you check out.  If you want to place your order by phone, call 1-800-SEND-FTD. Mention promotion code 7069 when ordering to get your $10 discount.  For more information about this special offer, click here .   Get $30 off popular Omaha Steaks products. You could save as much as 60% off the regular price! Take advantage of this special offer by clicking here . Your $30 discount will be applied automatically when you check out. For more information about this special offer, click here .   Not ready to shop now? These offers are good until June 30th, 2002, so be sure to save this e-mail if you want to take advantage of these great savings at a later date.   In addition to your savings at FTD.COM and OMAHASTEAKS.COM, you've also earned 100 entries per booking into Orbitz' "Happy Hula-days" promotion.* Watch your email to see if you've won.     *Subject to eligibility restrictions. See official rules for details.  				Friday, Dec 21   PASSENGERS ON THIS RECORD  John Arnold  Jennifer White  BILLING/DELIVERY INFO  Orbitz Member Name:  Mr. John  Arnold   Address:  2000 Bagby #15403 Houston, Texas 77002 United States  E-Mail:  john.arnold@enron.com  We've listed all kinds of helpful information in our Frequently Asked Questions (FAQs) at the Help and Customer Support  page at Orbitz.


So what have you decided for your team?


Brian,
As we discussed earlier today, Enron North America Corp. (ENA) desires to re-establish its account with Paribas.  The purpose of this account would be to sell no more than 2,500 NYMEX natural gas futures contracts to hedge natural gas storage inventory for the months of February, March and April, 2002.  Please advise me as soon as possible regarding what ENA will need to do to re-establish its account.  Please call me with questions at (w) 713-853-7657 or (m) 713-582-8379.
Regards,
Ed McMichael
Vice President


The Resolution Center will be decommissioning one of its 888 numbers (888-877-7757) as of January 7, 2002.
You can continue to contact the Resolution Center, Toll Free, by using the following steps:
To contact the ENW IT Resolution Center:
? Call 1-800-973-6766 (1-800-97-ENRON)
? Select 1 to transfer to an extension within the Enron Building
? Select 31411 and you will be transferred to the helpdesk.
The following options are also available through the toll-free number:
0: Connect to voice directory
1: Transfer to an extension in the Enron building
2: Access voicemail in the Enron building
3: Transfer to 3 Allen Center
4: Transfer to Omaha
5: Transfer modem or fax with 646 prefix
6: Speak to an Enron operator
7: Transfer to a fax machine in the message center
8: Transfer to Aviation
9: Leave a confidential message for Enron Chairman
Please contact the Resolution Center at 3-1411 for assistance
ETS customers should continue to contact the ETS Solution Center-Houston at 713-345-4745 or 888-465-4745, and the ETS Solution Center-Omaha at 402-398-7454.


The information contained herein is based on sources that we believe to be
reliable, but we do not represent that it is accurate or complete.  Nothing
contained herein should be considered as an offer to sell or a solicitation
of an offer to buy any financial instruments discussed herein.  Any
opinions expressed herein are solely those of the author.  As such, they
may differ in material respects from those of, or expressed or published by
on behalf of Carr Futures or its officers, directors, employees or
affiliates.  ? 2001 Carr Futures
The charts are now available on the web by clicking on the hot link(s)
contained in this email. If for any reason you are unable to receive the
charts via the web, please contact me via email and I will email the charts
to you as attachments.
Crude
Natural Gas
Distillate
Unleaded
Feb. WTI/Brent Spread

Feb Heat Crack
Feb Gas Crack
Feb Gas/Heat Spread
June Gas/Heat Spread

March Gas/Heat Spread

Feb/May Unlead Spread

Feb/July Crude oil Spread

Nat Gas Strip Matrix

Nat Gas Spread Matrix

Crude and Products Spread Matrix


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Hi,
My name is Iris Mack.  Currently I work on Enron's Power Options Trading desk.
I am primarily responsible for building our business in long-term, derivatives structures/trades on multiple commodities and financials.  For example, we are exploring potential structures and trades which involve power, gas, crude oil, weather derivatives, metals, etc.  Some of the building blocks for these multi-commodity derivatives products may be found in the attached document.
We are looking to build this business via utilizing as many of Enron's internal resources as possible.  Hence, it would be most helpful to meet with the relevant individuals in Gas Trading who would be interested in the development of multi-commodity derivatives trades/structures which may used to develop customized risk management tools for our clients.
Thank you in advance for your assistance.
Kind regards,
Iris Mack, MBA/PhD
Enron Power Options Trading Desk


The information contained herein is based on sources that we believe to be
reliable, but we do not represent that it is accurate or complete.  Nothing
contained herein should be considered as an offer to sell or a solicitation
of an offer to buy any financial instruments discussed herein.  Any
opinions expressed herein are solely those of the author.  As such, they
may differ in material respects from those of, or expressed or published by
on behalf of Carr Futures or its officers, directors, employees or
affiliates.  ? 2001 Carr Futures
The charts are now available on the web by clicking on the hot link(s)
contained in this email. If for any reason you are unable to receive the
charts via the web, please contact me via email and I will email the charts
to you as attachments.
Crude
Natural Gas
Distillate
Unleaded
Feb. WTI/Brent Spread

Feb Heat Crack
Feb Gas Crack
Feb Gas/Heat Spread
June Gas/Heat Spread

March Gas/Heat Spread

Feb/May Unlead Spread

Feb/July Crude oil Spread

Nat Gas Strip Matrix

Nat Gas Spread Matrix

Crude and Products Spread Matrix

Scott Mollner Recommendation


Attached please find the Natural Gas market  analysis for today.
Thanks,
Bob McKinney
- 12-31-01 Nat Gas.doc


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The Daily Quote      Edit watchlist or email address    NASDAQ 1977.22 10.04 (0.50%)      DJIA 10094.64 42.35 (0.41%)      SP500 1157.15 3.87 (0.33%)         - - - - - ALL Indices??       FINANCE 101: ASK THE EDITOR   Richard Aggers asks,  Q.   "What are the current pitfalls of REIT's?" A.   REIT is an acronym for Real Estate Investment Trust, and here is how it works.  Not so very....continue ?  - - - - -  Question? Ask the editor ? (Finance101@quote.com) - - - - -  Browse Q+A Archive    MONDAY'S PRODUCT HIGHLIGHT RAGING BULL Would you like to know what other investors are saying about your favorite stocks? Visit the Raging Bull message boards and find out. MORE ?     Economic Releases No Economic Releases at this time!    Your Watchlist Edit   Symbol Last Change      NYSE:AWA 3.10 0.63 (25.50%)      NASDAQ:NEXM 3.45 0.61 (21.47%)      NASDAQ:ADLT 1.48 0.15 (11.27%)      NASDAQ:GILTF 5.38 0.74 (15.94%)      NASDAQ:TRPH 1.64 0.07 (4.45%)      NASDAQ:SGMO 9.27 1.17 (14.44%)         - - - - - Setup a fully personalized portfolio ?    Your Watchlist News    AMERICA WEST HDLGS B U.S. stocks slip as investors close books on 2001 31 Dec 2001, 12:42pm ET (Reuters) US Airways shares climb on America West decision 31 Dec 2001, 12:30pm ET (Reuters) U.S. stocks slip on final trading day of tough year 31 Dec 2001, 11:51am ET (Reuters) - - - - -  MORE AWA News ?    NEXMED, INC. (NM) Alprox-TD (R) Data Presented at Key Meeting 6 Dec 2001, 07:32am ET (PR Newswire) NexMed Announces NDA Filing in Singapore 27 Nov 2001, 07:31am ET (PR Newswire) NEXMED INC FILES FORM 10-Q (*US:NEXM) 14 Nov 2001, 2:33pm ET (EDGAR Online) - - - - -  MORE NEXM News ?    ADVANCED LIGHTING TECHNOLOGIES INC. (NM) ADVANCED LIGHTING TECHNOLOGIES INC FILES FORM 8-K (*US:ADLT) 27 Dec 2001, 4:38pm ET (EDGAR Online) Advanced Lighting Technologies Completes Sale of Fixture Subsidiaries 13 Dec 2001, 09:50am ET (PR Newswire) ADVANCED LIGHTING TECHNOLOGIES INC FILES FORM 10-Q (*US:ADLT) 15 Nov 2001, 02:59am ET (EDGAR Online) - - - - -  MORE ADLT News ?    GILAT SATELLITE NETWORKS LTD. (NM) StarBand Launches Customer Education  Channel with Kaplan, Inc.; Partnership for Innovative Long Distance  Learning From the Sky 12 Dec 2001, 12:39pm ET (BusinessWire) GILAT SATELLITE NETWORKS LTD FILES FORM SC 13D/A (*US:GILTF) 4 Dec 2001, 5:24pm ET (EDGAR Online) StarBand Offers Relief to Four Million Customers Stuck At Home;-- Satellite-delivered Internet company Welcomes Anxious Cable Customers 3 Dec 2001, 1:42pm ET (BusinessWire) - - - - -  MORE GILTF News ?    TRIPATH TECHNOLOGY, INC. (NM) Tripath Expands Audio Amplifier Relationship With ST Microelectronics 18 Dec 2001, 07:01am ET (PR Newswire) Tripath Technology Recognized for Solid Financial Performance By Fabless Semiconductor Association 11 Dec 2001, 08:03am ET (PR Newswire) Tripath Powers Bel Canto's Award Winning Power Amplifier 6 Dec 2001, 07:02am ET (PR Newswire) - - - - -  MORE TRPH News ?    SANGAMO BIOSCIENCES, INC. (NM) GeneFormatics Appoints Edward Lanphier to  Board of Directors 7 Nov 2001, 08:38am ET (BusinessWire) Sangamo BioSciences Granted U.K. Patent Covering Methods of Engineering Zinc Finger DNA-Binding Proteins 29 Oct 2001, 4:05pm ET (PR Newswire) SANGAMO BIOSCIENCES INC FILES FORM 10-Q (*US:SGMO) 19 Oct 2001, 4:59pm ET (EDGAR Online) - - - - -  MORE SGMO News ?     Today's Top Stock News As of 31 Dec 2001, 12:49 ET powered by Briefing.com Dow -32, Nasdaq -10, S?-3.12 Dec 31 2001 12:00pm ET  The market opened the session on a negative note and except for a very brief flirtation with unchanged levels has spent the session on the defensive.  Not surprisingly, volume has been on the light side for the final se... continue ?   MORE NEWS ?  Small Cap Airlines ?  Consumer Plays ?  Stocks to Watch   UNSUBSCRIBE To stop receiving this newsletter, send an e-mail to: cancel-Quote@mailbox.lycos.com with jarnold@enron.comin the subject line of the email.   Update your email address or watchlist:   View/change all email-newsletter subscriptions on Lycos:  (click "Edit email subscriptions" after logging in)
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You got a notice from Hollywood Video saying you owe $64.99 for a DVD you
borrowed on 11/30/01 entitled "15 minutes".  You are to enclose the  letter
when paying your bill so I am mailing it to you.  Be sure to look for it in
the mail.
Also, we need to talk about the weekend of 01/12.  My doctor's appointment
has been changed.  Let's talk about it.
Sorry I forgot you went to Belize.  Hope you had a wonderful time.  Hope
there weren't any bugs in that thatched roof!  Love you, Mom


Qwiklist(10)  MyAccount  Rental History  Shipping List         We have received Crouching Tiger Hidden Dragon(2000) on 12/31/2001  We will be processing your QwikList selections and will send  the next available dvd on your QwikList. You will receive  another email when it ships. Thank You!         Crouching Tiger Hidden Dragon(2000)    Home  | Customer Service  | Rental Details


Qwiklist(9)  MyAccount  Rental History  Shipping List         We have received L.A. Confidential(1997) on 12/31/2001  We will be processing your QwikList selections and will send  the next available dvd on your QwikList. You will receive  another email when it ships. Thank You!         L.A. Confidential(1997)    Home  | Customer Service  | Rental Details


Qwiklist(9)  MyAccount  Rental History  Shipping List         We  shipped you   Raging Bull(1980)    on 12/31/2001  You  should receive your movie within the next 2-5 days         Raging Bull(1980)    Home  | Customer Service  | Rental Details


Qwiklist(9)  MyAccount  Rental History  Shipping List         We  shipped you   Saving Private Ryan(1999)    on 12/31/2001  You  should receive your movie within the next 2-5 days         Saving Private Ryan(1999)    Home  | Customer Service  | Rental Details


continental.com Specials for john arnold
Tuesday, January 1, 2002
****************************************
HAPPY NEW YEAR!
Continental makes it easy to unwind with an additional 10% off select sale fares to destinations in North America and Europe.  Hurry, seats are limited and this sale ends January 15, 2002.
Purchase your eTickets now at:

EARN UP TO 20,000 BONUS MILES*
Now through February 15, 2002, we'll reward you with additional OnePass miles every time you purchase an eTicket on continental.com and fly - and that's in addition to your actual flight miles.
View all the details and register at:

* NOTE: Bonus Mile offer does not apply to continental.com Specials.
TRAVEL UPDATES
Be sure to check continental.com at:

before leaving for the airport. We're looking forward to welcoming you onboard!
****************************************
TABLE OF CONTENTS
1. This Week's Destinations
2. Hilton Hotels & Resorts, Doubletree Hotels & Resorts, & Embassy Suites Hotels Offers
3. Westin Hotels & Resorts, Sheraton Hotels & Resorts, Four Points by Sheraton, St. Regis, The Luxury Collection and W Hotels Offers
4. Alamo Rent A Car Offers
5. National Car Rental Offers
****************************************
1. THIS WEEK'S DESTINATIONS
Depart Saturday, January 5 and return on either Monday, January 7 or Tuesday, January 8, 2002. Please see the Terms and Conditions listed at the end of this e-mail.
For OnePass members, here are special opportunities to redeem miles for travel to the following destinations. As an additional benefit, OnePass Elite members can travel using the miles below as the only payment necessary. The following are this week's OnePass continental.com Specials.
To use your OnePass miles (as listed below) to purchase continental.com Specials, you must call 1-800-642-1617.
THERE WILL NOT BE AN ADDITIONAL $20 CHARGE WHEN REDEEMING ONEPASS MILES FOR CONTINENTAL.COM SPECIALS THROUGH THE TOLL FREE RESERVATIONS NUMBER.
If you are not using your OnePass miles, purchase continental.com Specials online until 11:59pm (CST) Friday at:

You can also purchase continental.com Specials for an additional cost of $20 per ticket through our telephone service at 1-800-642-1617.
**********************************************
ROUND-TRIP TRAVEL MAY ORIGINATE IN EITHER CITY
**********************************************
****Roundtrip BETWEEN CLEVELAND, OH and:
$29 + 12,500 Miles or $119 - Milwaukee, WI
****Roundtrip BETWEEN HOUSTON, TX and:
$29 + 10,000 Miles or $109 - Alexandria, LA
$29 + 12,500 Miles or $119 - Amarillo, TX
$29 + 10,000 Miles or $109 - Beaumont/Pt. Arthur, TX
$29 + 10,000 Miles or $109 - Gulfport/Biloxi, MS
$29 + 12,500 Miles or $119 - Tulsa, OK
****Roundtrip BETWEEN NEW YORK/NEWARK and:
$29 + 12,500 Miles or $119 - Albany, NY
$29 + 12,500 Miles or $119 - Greensboro/Piedmont Triad, NC
$29 + 15,000 Miles or $159 - Kansas City, MO
$29 + 12,500 Miles or $129 - Nashville, TN
$29 + 15,000 Miles or $159 - New Orleans, LA
$29 + 10,000 Miles or $109 - Norfolk, VA
$29 + 10,000 Miles or $109 - Portland, ME
$29 + 10,000 Miles or $109 - Richmond, VA
$29 + 10,000 Miles or $109 - Syracuse, NY
********************************
2. CONTINENTAL.COM SPECIALS FROM HILTON HOTELS AND RESORTS, DOUBLETREE
HOTELS AND RESORTS, AND EMBASSY SUITES HOTELS
The following rates are available January 5 - January 7, 2002 and are priced per night.
--------------------------------------
Cleveland, OH - Hilton Garden Inn, Cleveland Airport - $79
Houston, TX - Embassy Suites Hotel Houston, Near The Galleria - $130
Houston, TX - Hilton Houston Hobby Airport - $88
Houston, TX - Hilton Houston Westchase and Towers - $149
Nashville, TN - Hilton Suites Nashville, Downtown - $109
Newark, NJ - Doubletree Club Suites Jersey City, Jersey City  NJ - $149 (January 5-6 only)
Newark, NJ - Hilton Pearl River, Pearl River  NY - $125
To book this week's special rates for Hilton Family Hotels, visit and book at:

Special rates apply only for the dates listed at each hotel and are subject to availability. Check hilton.com for specific dates at each Hilton Family Hotel. Or call at 1-800-774-1500 and ask for Value Rates. Restrictions apply to these rates.
****************************************
3. CONTINENTAL.COM SPECIALS LAST-MINUTE WEEKEND RATES FROM WESTIN HOTELS & RESORTS, SHERATON HOTELS & RESORTS, FOUR POINTS BY SHERATON, ST. REGIS, THE LUXURY COLLECTION, AND W HOTELS
There are no offerings from Westin Hotels & Resorts, Sheraton Hotels & Resorts, Four Points by Sheraton, St. Regis, The Luxury Collection and W Hotels this week.
********************************
4. CONTINENTAL.COM SPECIALS FROM ALAMO RENT A CAR
Rates listed below are valid on compact class vehicles at airport locations only. Other car types may be available. Rates are valid for rentals on Saturday, January 5 with returns Monday, January 7 or Tuesday, January 8, 2002.
-------------------------------
$17 a day in: Milwaukee, WI (MKE)
$18 a day in: Greensboro/Piedmont Triad, NC (GSO)
$18 a day in: Houston, TX (IAH)
$18 a day in: Kansas City, MO (MCI)
$18 a day in: Nashville, TN (BNA)
$18 a day in: Tulsa, OK (TUL)
$20 a day in: Cleveland, OH (CLE)
$26 a day in: New Orleans, LA (MSY)
$26 a day in: Newark, NJ (EWR)
To receive continental.com Specials discounted rates, simply make advance reservations and be sure to request ID # 596871 and Rate Code 33. Book your reservation online at:

or contact Alamo at 1-800 GO ALAMO.
*If you are traveling to a city or a different date that is not listed, Alamo offers great rates when you book online at:

For complete details on these offers, please refer to Alamo's terms and conditions below.
****************************************
5. CONTINENTAL.COM SPECIALS FROM NATIONAL CAR RENTAL
Rates listed below are valid on intermediate class vehicles at airport locations only. Other car types may be available. Rates are valid for rentals on Saturday, January 5 with returns Monday, January 7 or Tuesday, January 8, 2002.
------------------------------------------
$21 a day in: Amarillo, TX (AMA)
$21 a day in: Greensboro/Piedmont Triad, NC (GSO)
$21 a day in: Gulfport/Biloxi, MS (GPT)
$21 a day in: Houston, TX (IAH)
$21 a day in: Kansas City, MO (MCI)
$21 a day in: Nashville, TN (BNA)
$21 a day in: Syracuse, NY (SYR)
$21 a day in: Tulsa, OK (TUL)
$23 a day in: Cleveland, OH (CLE)
$28 a day in: Alexandria, LA (AEX)
$28 a day in: Norfolk, VA (ORF)
$28 a day in: Richmond, VA (RIC)
$29 a day in: New Orleans, LA (MSY)
$29 a day in: Newark, NJ (EWR)
To receive continental.com Specials discounted rates, simply make your reservations in advance and be sure to request Product Code COOLUS. To make your reservation, contact National at 1-800-CAR-RENT (1-800-227-7368), or book your reservation online at:

Please enter COOLUS in the Product Rate Code field, and 5037126 in the Contract ID field to ensure you get these rates on these dates.
* If you are traveling to a city or a different date that is not listed, National offers great rates when you book online at:

For complete details on these offers, please refer to National's terms and conditions below.
****************************************
CONTINENTAL.COM SPECIALS RULES:
Fares include a $37.20 fuel surcharge.  Passenger Facility Charges, up to $18 depending on routing, are not included. Up to $2.75 per segment federal excise tax, as applicable, is not included.  Applicable International and or Canadian taxes and fees up to $108, varying by destination, are not included and may vary slightly depending on currency exchange rate at the time of purchase. For a complete listing of rules please visit:

ALAMO RENT A CAR'S TERMS AND CONDITIONS:
Taxes (including VLF taxes up to US$1.89 per day in California and GST), other governmentally-authorized or imposed surcharges, license recoupment fees, fuel, additional driver fee, drop charges and optional items (such as CDW Waiver Savers(R) up to US$18.99 a day,) are extra. Renter must meet standard age, driver and credit requirements. Rates higher for drivers under age 25. Concession recoupment fees may add up to 14% to the rental rate at some on-airport locations. Up to 10.75% may be added to the rental rate if you rent at an off-airport location and exit on our shuttle bus. Weekly rates require a 5-day minimum rental or daily rates apply. For weekend rates, the vehicle must be picked up after 9 a.m. on Thursday and returned before midnight on Monday or higher daily rates apply. 24-hour advance reservation required. May not be combined with other discounts. Availability is limited. All vehicles must be returned to the country of origin. Offer not valid in San Jose, CA.
NATIONAL CAR RENTAL TERMS AND CONDITIONS:
Customer must provide Contract ID# at the time of reservation to be eligible for discounts. Offer valid at participating National locations in the US and Canada. Minimum rental age is 25. This offer is not valid with any other special discount or promotion. Standard rental qualifications apply. Subject to availability and blackout dates. Advance reservations required. Geographic driving restrictions may apply.
TERMS AND CONDITIONS FOR WESTIN, SHERATON, FOUR POINTS,
ST. REGIS, THE LUXURY COLLECTION, AND W HOTELS:
Offer is subject to availability. Advance Reservations required and is based on single/double occupancy. Offer not applicable to group travel. Additional Service charge and tax may apply. The discount is reflected in the rate quoted. Offer valid at participating hotel only. Offer valid for stays on Fri - Mon with a Friday or Saturday night arrival required. Rate available for this coming weekend only. Offer available only by making reservations via the internet. A limited number of rooms may be available at these rates.
---------------------------------------
This e-mail message and its contents are copyrighted and are proprietary products of Continental Airlines, Inc. Any unauthorized use, reproduction, or transfer of the message or its content, in any medium, is strictly prohibited.
****************************************
If you need assistance please visit:

View our privacy policy at:

This e-mail was sent to: jarnold@ect.enron.com
You registered with OnePass Number: AK772745
TO UNSUBSCRIBE:
We hope you will find continental.com Specials a valuable source of information. However, if you prefer not to take advantage of this opportunity, please let us know by visiting the continental.com Specials page on our web site at:

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Please visit the continental.com Specials page on our web site at:


Please find attached the latest, and what should be the final for the immediate period of time, copy of the marketing list. Please filter the PA column by your name to double-check against the list you are currently working off of.
There are some smaller subsids of larger companies previously assigned now listed. I pulled these subs in from the credit pre-approval list. I will be passing out draft contracts folders for these counterparties tomorrow to the people responsible for the respective parent companies.
There are some companies on your lists that do not have draft packets. These companies have NOT been pre-approved by credit, but credit is working on them now. Continue to call these customers regarding password applications, but do not promise that the ISDA documents, etc. are immediately forthcoming until we receive those worksheets from credit.
Please continue to pass on both the pa information and the draft packets as you receive the correct contact info. If you have any questions at all, please call me at 5-3614 or come by my desk at 06541 in the rotunda.
Thank you,
Jennifer McQuade


THEY WILL CONDUCT THE MIGRATION TONIGHT...LOGOFF YOUR COMPUTERS BEFORE YOU LEAVE.
THANKS
TJAE
-----Original Message-----
From: 	UBSW Energy Global Infrastructure
Sent:	Monday, February 04, 2002 8:51 PM
To:	DL-GA-all_UBSW Energy
Subject:	DRAFT:  INFORMATION, Please Read: UBSWE Migration postponed
Due to a variety of circumstances we did not migrate employees to the UBSWE environment tonight (Monday, February 4, 2002). We will communicate further details of the migration plan on Tuesday, February 5, 2002.
Thank you for your cooperation in advance, please contact the Resolution Center at x 3-1411 should you have any questions.
UBSW Energy Global Infrastructure


From Kelly Holman
_______________________
A.	Market Updates
U.S. Markets
?	US equity and futures markets expected to reopen tomorrow according to SEC Chairman Harvey Pitt.
?	The Group of Seven (G-7) major countries are in talks on emergency policy coordination to prevent further turbulence in global financial markets following the terror attacks against the United States.  No official word yet on coordinated intervention.  Greenspan still in Switzerland.
?	1PM CDT expected release AGA and IEA weekly data.
Europe
?	ECB Meeting tomorrow-possible coordinated interest rate reduction with US, Japan.
Oil Markets
?	Bearish factors continue to carry trading: suspension of commercial air travel and possible mass cancellations once resumed; Falloff in energy demand due to shut businesses; Possible decline in equity markets and renewed fears over recession
Canada
?	Toronto Stock Exchange likely to reopen tomorrow, following US lead.
B.	Transportation/Infrastructure Updates
Gas/Power Infrastructure
o	Tight security persists; no other updates.
Refineries/Crude/Products
?	Tosco refinery in Linden NJ still closed.
?	Force Majeure likely to be declared by major crude product receivers in US ports;
?	Louisiana Offshore Oil Port operations suspended pending security inspections.  Expected to reopen today with operations largely unaffected.
?	Jet fuel- monitoring military stockpiling.  Dedicated refineries in the Middle East to support US forces in region.  Disruption to travel bearish effects for jet fuel.
Air Travel
?	Aviation experts are speculating that the system of getting the country's air transportation system fully restarted may take a week to finish.  Officials cautioned it could be several days before flights are allowed to resume as normal in order to institute tougher security measures.
o	All airlines have to account for all their aircraft.
o	Some of the airstrips that accepted jetliners may not have the refueling capacity to relaunch the planes.
o	Some of the crew members that are stranded with their planes may not be able to finish their flights under federal rules outlining the number of hours they can work in a 24-hour period (of course, this will be a moot point in a few more hours).
o	However, some airlines, including Southwest and America West, have announced plans to resume flights at noon today.
Maritime Transportation Conditions
?	Port decisions on re-opening being made at regional, not national level. Major ports escorting all tanker vessels one-by-one into port with heavy inspections.
?	US Coast Guard maintains restrictions on all West Coast ports.
?	Valdez, Alaska closed until further notice.  Honolulu, Portland open.
Rail Traffic
?	Union Pacific - running normally
?	Burlington Northern Santa Fe - no information
?	CSX - suspended freight into and out of Boston, NY and Washington yesterday; remainder of network operating under very controlled circumstances and at reduced speeds. 17 CSX TransFLo terminals have also been closed.
?	Norfolk Southern - operations are normal this morning, except for the North Jersey Shared Asset Area, where operations remain suspended.
Border Crossings
?	No updates
Political Update
o	Secretary of State Powell says we "need to treat this like an act of war."
o	National editorials place strong calls for military retaliation.
Bush to speak at 945am CDT; Mineta delayed.


This meeting is rescheduled for tomorrow, Sept. 13 @ 3 PM in EB3321
Thanks,
Becky Young
x30622
-----Original Message-----
From: 	Young, Becky
Sent:	Monday, September 10, 2001 3:52 PM
To:	Benson, Robert; Gilbert-smith, Doug; Presto, Kevin M.; Davis, Mark Dana; Webb, Jay; Sturm, Fletcher J.; Arnold, John; Martin, Thomas A.; Grigsby, Mike; Shively, Hunter S.; Neal, Scott
Cc:	Black, Tamara Jae; Rangel, Ina; Vuittonet, Laura; Bates, Kimberly
Subject:	Meeting with John Lavorato
Please plan to attend a meeting on Tuesday, September 11 from 3 - 4 PM in EB3321.  Please call me with any questions.
Becky Young
x30622


Attached is a file that list the trader contacts for the utilities and generators for NY as requested.
Rob


In light of the tragic events in New York City and Washington, DC, there is a national call for blood donations.  Enron is taking two actions:
1.	The City of Houston is sponsoring a city-wide blood drive at the George R. Brown Convention Center today.  For your convenience, Enron is providing transportation to and from the Convention Center from 9am-3pm.  Transportation will be leaving from the Enron Building every half hour.  We have been informed that there is a 3 - 4 hour wait.
2.	Enron's regularly scheduled blood drive is being held on Thursday, September 13, from 7 a.m. until 4 p.m.  Two mobile units from the M. D. Anderson Blood Center will be parked outside the Enron Building on Andrews Street to accommodate donors.  Call the Enron Health Center at ext. 3-6100 to schedule an appointment.  Information regarding Enron's blood drive program and eligibility criteria is location on the Wellness webpage
Our latest information is that three busloads of Enron employees have already been taken to the Convention Center and many of you have already scheduled appointments for Thursday.  We commend all of you for your community spirit.


Attached is a summary of requests for rehearing pending in the Alliance RTO proceedings.  If you would like further information, please let me know.
Susan Lindberg
713.853.0596


As most of you know, American Airlines Flight 11 from Boston to Los Angeles was hijacked yesterday and then crashed into the north tower of the World Trade Center in New York.  We are very sorry to report that we believe an Enron employee was on board that flight.   Nick Humber, a director in Enron Wind's commercial origination group, was listed on the flight's manifest, and although his family has not received official confirmation that he boarded the flight, they have been unable to contact him.  Nick was based in Boston and was traveling to Los Angeles for a meeting.  We have talked with Nick's family and offered our full support.  Please continue to keep Nick's family and everyone affected by this horrific event in your thoughts and prayers.


Complete this survey to qualify for a chance to win one of five $50 American Express gift certificates!
Global Strategic Sourcing (GSS) has created a Task Force to improve the Accounts Payable (AP) process and we want to hear about your experience.  This survey is intended for people who are responsible for (AP) activities and will take less than 10 minutes to complete.
GSS is committed to improving the ease and efficiency of the AP process.  We look forward to hearing from you!
If you experience technical problems, please contact confirmit@enron.com.


From Enron Corp Business Controls
Operations in Enron's Crisis Management Center will cease at the close of business in Houston on September 12.  All inquiries or information pertaining to the events of the last two days should now be directed to Enron Corp Business Controls at 713.345.2804.  In the event immediate assistance is required after hours, the Business Controls telephone number will be answered by the 24x7 security desk which can have a representative from Business Controls return your call immediately.
With respect to employees stranded around the United States, we regret that these employees should make their way back to Houston or their home office as best they can via commercial airlines, train, or rental car.  Unfortunately, corporate and other private aircraft will not be flying until sometime after restrictions are lifted on commercial carriers.  Therefore, Enron corporate aircraft should not be counted on to provide assistance in this situation.


"
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