Rick:

This week ads the following to the projects marked red (high risk).
 Project   Originator   Description  
 Datacetnric Broadband  Reese Soares   Incremental investment of $3million in 
wireless broadband company - EIP
 LeC 6    John Goldbold   Potential incremental investment to visual Bridge 
($5.4 million) - EIP
 Project Manhattan  Tim Detmering   Project  Restructuring.  - EWS

Note:  EIP stands for Enron Investment Properties.

Please let me know if you have any question.

Brgrds

AI
3-3037

----- Forwarded by Amr Ibrahim/ENRON_DEVELOPMENT on 06/01/2001 01:26 PM -----

	Amr Ibrahim
	05/11/2001 05:35 PM
		 
		 To: Richard Shapiro/NA/Enron@Enron
		 cc: James D Steffes/NA/Enron@Enron, Mary Schoen/NA/Enron@Enron
		 Subject: RAC's high risk projects - May 11th

Rick:

This week ads the following to the projects marked red (high risk).
 Project   Originator   Description  
 Powertek   Jeff Golden   Equity investment in fuel cell company with Cisco

Suggest action item: Inform Mary Schoen and compile comments, if any.

The list below from last week continues to be flagged as "red".

Please let me know if you have an question.

Brgrds

AI

----- Forwarded by Amr Ibrahim/ENRON_DEVELOPMENT on 05/11/2001 05:20 PM -----

	Amr Ibrahim
	05/04/2001 04:55 PM
		 
		 To: Richard Shapiro/NA/Enron@Enron
		 cc: Leslie Lawner/NA/Enron@Enron, Alberto Levy/SA/Enron@Enron, James D 
Steffes/NA/Enron@Enron
		 Subject: RAC's high risk projects.

Rick:
This email aims at keeping you informed of the projects that RAC process has 
assigned the highest level of risk.  In this category, the red flag category, 
there are five projects, namely:  
 Project   Originator   Description  
 Dolphin    R. Bersieker   JV to develop gas fields - Qatar, $25m at stake, 
total Capex $2.7B if go ahead. 
 Tarpon     Alan Keel   Form Exploration JV  ($10m)
 Engen    Jeff golden   50 MW peaking facility in NM ($17.3m)
 Jose        Development of LNG Liquefication facility ($700m) - Venezuela.
 Empire     Tim Detmering   Project Restructuring ($170m).


In addition to communicating with Lesile and Alberto for projects 3, and 4, 
respectively, and compile GA comments for RAC, if any, I shall advise you 
shortly on suggested action items for the remaining 3 projects.

It is noteworthy that the remaining 40 projects in RAC's "Hot Deals" are 
assigned either yellow, or green flags indicating either medium or low risks.

Please let me know if you have any question.


Brgrds

AI
3-3037