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-- Amir Cyrus Ahanchian acahanchian@zdnetonebox.com - email (512) 682-6996 ext. 1087 - voicemail/fax ___________________________________________________________________ To get your own FREE ZDNet Onebox - FREE voicemail, email, and fax, all in one place - sign up today at http://www.zdnetonebox.com Return-Path: <moranito@hotmail.com> Received: from hotmail.com ([216.33.149.37]) by mta10.onebox.com (InterMail vM.4.01.03.00 201-229-121) with ESMTP id <20001120225743.SAEL10692.mta10.onebox.com@hotmail.com> for <acahanchian@zdnetmail.com>; Mon, 20 Nov 2000 14:57:43 -0800 Received: from mail pickup service by hotmail.com with Microsoft SMTPSVC; Mon, 20 Nov 2000 14:57:42 -0800 Received: from 165.95.229.143 by lw4fd.law4.hotmail.msn.com with HTTP; Mon, 20 Nov 2000 22:57:31 GMT X-Originating-IP: [165.95.229.143] From: "Alvaro Moran" <moranito@hotmail.com> To: aamoranco@hotmail.com, abe_77@hotmail.com, adriana_robles23@hotmail.com, aileen_newman@hotmail.com, ajmoran@globalpc.net, alpek@compuhardt.net, acahanchian@zdnetmail.com, espinosasonia@hotmail.com, estebanjs@hotmail.com, fbarquer@nd.edu, foxmini@hotmail.com, gaby_elizondo@hotmail.com, gallo1@ibm.net, irma@garcialks.com, joe_tiger@hotmail.com, kbacker@hotmail.com, marqu45@hotmail.com, marita2000@hotmail.com, mirts22@hotmail.com, MMORAN1970@aol.com, mtroutman@hotmail.com, rayloz25@yahoo.com, nbarberena@hotmail.com, nghiatn@hotmail.com, roberto_rendon@hotmail.com, tita_padilla@hotmail.com, kongvv@hotmail.com, veronica@monte-mayor.com, vidal7@hotmail.com, warachida@excite.com, wicho45@hotmail.com, yvonne@monte-mayor.com Subject: Fwd: mini me Date: Mon, 20 Nov 2000 16:57:31 -0600 Mime-Version: 1.0 Content-Type: multipart/mixed; boundary="----=_NextPart_000_2f26_49f8_4fc0" Message-ID: <F374yp8ARf3sllNY30k000000d2@hotmail.com> X-OriginalArrivalTime: 20 Nov 2000 22:57:42.0737 (UTC) FILETIME=[4A18EC10:01C05345] -0000 > > > ______________________________________________________________________________ _______ Get more from the Web. FREE MSN Explorer download : http://explorer.msn.com

Megan, We did the swap with Pan Energy on 4/28-30 only. On those days, we received all the gas at Carthage, nothing at Castle Busby. When we are not operating under the swap, Duke markets the gas that usually comes in at Castle Busby. Apparently, they sold the gas to Highland in April. D -----Original Message----- From: Parker, Megan Sent: Wednesday, May 09, 2001 2:59 PM To: Daren J Farmer/HOU/ECT@ENRON Subject: Panenergy 4/01 Daren: Did we exchange with Panenergy in April? If we did, can you send me your nom sheet? Meter 7052-Castle Busby looks different this month. Elsa did some deals with Highland Energy at 7052. We normally buy all of the gas from Duke at this meter when we exchange. There also wasn't flow every day, so Duke's volume is very small. Thanks, Megan

If you have not already responded and would like to attend this CLE program, please RSVP by e-mail by today, Wednesday, August 15. Thank you. Jamie Serota and Allan Van Fleet with Vinson & Elkins have developed a one hour CLE program covering the antitrust issues encountered when non-regulated entities such as Enron compete with regulated utilities for market share. An outline of the program is attached. Jamie Serota and Allan Van Fleet will present the CLE program on Wednesday, August 22, 2001 at the Doubletree Hotel, 400 Dallas (La Salle B room) from Noon to 1:30 p.m. The program will be accredited for 1.00 hour of CLE credit including at least .25 hours of ethics credit. If you would like to attend please RSVP by Wednesday, August 15, 2001 by sending an e-mail to my assistant, Janette Elbertson. Lunch will be served. Janette Elbertson Administrative Coordinator Enron Wholesale Services Legal Department Telephone: (713) 853-7906 Fax: (713) 646-2600 e-mail: janette.elbertson@enron.com

[IMAGE] Account Information Help Do not reply to this message. If you did not request this account, delete it now. Registration Confirmed - Welcome to Yahoo! This message confirms your new account with Yahoo!. ? Your Yahoo! ID: jtholt1122 Your email address: jane.m.tholt@enron.com ? What if the email address listed above is incorrect or changes in the future? Please keep your email contact current so we can help you in case you can't access your Yahoo! account. To update your email address, first sign into My Yahoo! or any other Yahoo! personalized service. Then click on "Account Info" at the top of the page. (If "Account Info" is not available, please click on "Options" first, then on "Account Info.") The field you need to change is called "Alternate email address." What can I do with my new Yahoo! ID? Yahoo! Mail Yahoo! Mail Get your own yahoo.com email address Yahoo! Auctions Yahoo! Auctions Buy and sell for free. [IMAGE] Yahoo! Chat Chat with people from all over the world. Yahoo! Calendar Yahoo! Calendar Keep yourself organized. My Yahoo! My Yahoo! Customize the way you use the internet. Yahoo! Games Yahoo! Games New and classic online games. Yahoo! Travel Yahoo! Travel Reservations, tickets, discounts and information. Yahoo! Shopping Yahoo! Shopping Search for your favorite products and brands and compare prices. Yahoo! Messenger Yahoo! Messenger Get notified when you have new mail and send instant messages. Show me more... Thank you for signing up at Yahoo! ? Policies: Please remember that your use of Yahoo! products and services is subject to the Yahoo! Terms of Service and Privacy Policy. Deletion: If you did not request this account, delete it now. If that link fails to delete your account, reply to this email with "REMOVE" as the subject line. Copy this entire email in your reply. [192.152.140.9]

Pursuant to my memo of November 16 (copy attached), I would like to set up a conference call with the Group to discuss these issues. Please let me know if you are available Friday, December 17 at 2:30. ------------------------------------------------------------------------------ This e-mail is sent by a law firm and contains information that may be privileged and confidential. If you are not the intended recipient, please delete the e-mail and notify us immediately. - 2CYC01!.WPD

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A bit more detail in the bullets and a heads up call on this would have been a good idea. DF ---------------------- Forwarded by Drew Fossum/ET&S/Enron on 06/26/2000 10:36 AM --------------------------- From: Drew Fossum 06/26/2000 10:39 AM To: Bill Cordes/ET&S/Enron@ENRON, Rod Hayslett/FGT/Enron@ENRON, Michel Nelson/ET&S/Enron@ENRON, Rockey Storie/ET&S/Enron@ENRON cc: Stephen Herber/ET&S/Enron@ENRON, Lee Huber/ET&S/Enron@ENRON Subject: LG&E issue Steve filled in the detail for me on the LG&E issue mentioned in the Law bullets this morning. A valve was left open between an LG&E facility and Northern for an approximate 3 month period (I'm not sure how recent). LG&E's gas loss data indicates that the amount of gas that inadvertently got into Northern was approx. 180,000 MMBtu, with a value of about $500,000. Rockey and Steve have talked to LG&E and it does not appear that we have any good arguments for avoiding the liability. The unexpected (and unmetered) deliveries from LG&E presumably reduced our lost and unaccounted for balance during the referenced 3 month period. Accordingly, I assume the cost of replacing that gas should be accounted for in Northern's PRA and so should not affect earnings. I'm not sure what the timetable is for resolving this matter. DF

Amitava, Let's talk about it on Monday. Vince -----Original Message----- From: Dhar, Amitava Sent: Tuesday, June 26, 2001 9:49 PM To: Kaminski, Vince J Cc: Shanbhogue, Vasant Subject: Report for Prof. Duffie Hi Vince, Please take a look and let me know how we need to modify the report. I am yet to put the page numbers in Table of Contents which I am thinking of putting once the organization of the report is final. Thanks, -Amitava << File: Enron Credit Strategic Plan062501.doc >>

> FYI. The vote was last Wednesday. Joe > > <<Partners' Vote - To Firm announcing new partners.WPD>> ++++++CONFIDENTIALITY NOTICE+++++ The information in this email may be confidential and/or privileged. This email is intended to be reviewed by only the individual or organization named above. If you are not the intended recipient or an authorized representative of the intended recipient, you are hereby notified that any review, dissemination or copying of this email and its attachments, if any, or the information contained herein is prohibited. If you have received this email in error, please immediately notify the sender by return email and delete this email from your system. Thank You - Partners' Vote - To Firm announcing new partners.WPD

attachment

-----Original Message----- From: Germany, Chris Sent: Tuesday, April 02, 2002 2:42 PM To: Laferla, Lynda ; Stephanie Wade (E-mail) Cc: Nacey, Sheila; Madeline Jordan (E-mail) Subject: RE: April deal Beginning Wednesday, April 4th, El Paso will be taking 3,373 Dth per day from DRN #716, contract #101067. El Paso will scheduling the gas on contract #5207. Thanks everyone. Chris L. Germany Manager, Gas Trading Phone 713-853-4743 Fax 713-646-3059 -----Original Message----- From: Laferla, Lynda Sent: Tuesday, April 02, 2002 1:43 PM To: Germany, Chris Cc: Nacey, Sheila Subject: RE: April deal So give me the details...............do you know his contract number and I assume the volume will be 91080 divided by 27 = 3373/day???? LL -----Original Message----- From: Germany, Chris Sent: Tuesday, April 02, 2002 1:30 PM To: Laferla, Lynda Cc: Nacey, Sheila Subject: RE: April deal They are starting on the 4th. I thought I told him the 3rd but I may have made a mistake. My fault. Thanks -----Original Message----- From: Laferla, Lynda Sent: Tuesday, April 02, 2002 11:23 AM To: Germany, Chris Cc: Nacey, Sheila Subject: April deal Got a call from El Paso asking to begin deal on 4/4???? let me know what you want to do and El Paso's contract that will be picking up gas.... Thanks Lynda

I double-checked with Bob, and he said Prebon reported these two trades as peak. The other two were in fact reported as off-peak - he just entered them incorrectly. But as far as this sleeve goes, there's no way one side is peak and the other isn't - Prebon has to make up their minds! Again, let me know what you find out. Until then, we recognize the two trades as they are. Thanks, Kate Evelyn Metoyer@ENRON 05/02/2001 08:59 AM To: Kate Symes/PDX/ECT@ECT cc: Subject: Re: Prebon deal errors from yesterday That's what I was confused about because Prebon shows this deal as peak and we show it as peak and I know it is the other side of a sleeve. Can you double check with Bob for accuracy. Evelyn Kate Symes @ ECT 05/02/2001 10:43 AM To: Evelyn Metoyer/Corp/Enron@ENRON cc: Subject: Re: Prebon deal errors from yesterday Does this mean that 598738 should be off peak hours as well? Because 598739 is only one side of a sleeve deal for EES. I would think that both sides need to have the same hours...... Let me know, and I'll change them accordingly. Thanks, Kate Evelyn Metoyer@ENRON 05/02/2001 08:43 AM To: Kate Symes/PDX/ECT@ECT cc: Subject: Re: Prebon deal errors from yesterday sorry it is 598739 Kate Symes @ ECT 05/02/2001 10:25 AM To: Evelyn Metoyer/Corp/Enron@ENRON cc: Subject: Re: Prebon deal errors from yesterday 598736 and 598737 have been changed to off-peak hours. But I can't pull up 306927. Is this the right deal number? Kate Evelyn Metoyer@ENRON 05/02/2001 08:03 AM To: Kate Symes/PDX/ECT@ECT cc: Subject: Prebon deal errors from yesterday Bob Badeer deal 306927 Prebon shows as off-peak hours....enpower has peak hrs Bob Badeer deal 598737 Prebon shows as off-peak hours....enpower has peak hrs Bob Badeer deal 598736 Prebon shows as off-peak hours....enpower has peak hrs

---------------------- Forwarded by Paul Drexelius/CES/ColumbiaGas on 12/28/99 07:58 AM --------------------------- Heidi Boyd 12/27/99 06:16 PM To: Noel Bartlo/CES/ColumbiaGas@ColumbiaGas, Paul Drexelius/CES/ColumbiaGas@ColumbiaGas cc: Subject: TRANSCO # behind CGV JAN 2000 Hi Noel and Paul, I don't know who else to copy on this, please forward it to them and cc me if you don't mind. I need 498 dth's/day total to be sent to CGV for three of my customers in Jan 2000. Thanks!

Attached is the referenced approval list.

Thanks for your help. Kay ---------------------- Forwarded by Kay Mann/Corp/Enron on 07/24/2000 04:13 PM --------------------------- From: Kathleen Clark@ENRON_DEVELOPMENT on 07/24/2000 03:05 PM To: kay.mann@enron.com cc: Subject: ABB Purchase Agreement - Final Version Kay: Attached is the final version:

This is one of andres' deals, can you help it do the calc sheet scott? PL ---------------------- Forwarded by Phillip M Love/HOU/ECT on 01/24/2001 09:26 AM --------------------------- Enron North America Corp. From: Darron C Giron 01/24/2001 09:13 AM To: Genaro Mendoza/NA/Enron@ENRON, B Scott Palmer/HOU/ECT@ECT cc: Phillip M Love/HOU/ECT@ECT Subject: Re: 12/00 Agave Pricing Genaro, This is a Central deal. I work on the West Desk. I am forwarding it to the appropriate people. DG 3-9573 Genaro Mendoza@ENRON 01/22/2001 03:35 PM To: Darron C Giron/HOU/ECT@ECT cc: Subject: 12/00 Agave Pricing Darron, Can you please update the pricing for the 12/00 purchase from Agave (I believe it still has the 11/00 pricing) ? It is deal # 312068. Thanks, Genaro

Lindy, Michael sent me this draft today, but I think that you should review these slides since I know that you have been working on this. Let's discuss in the morning. Tuesday is my last day before I leave on vacation. Thanks, Kim. -----Original Message----- From: Ratner, Michael Sent: Monday, February 11, 2002 4:51 PM To: Watson, Kimberly; Zahn, Gary; Saunders, James Cc: Howard, Kevin A. Subject: TW Presentation. Attached is a draft presentation for credit agencies regarding TW. Please take a look at it and provide me with your comments. In particular, I have designated some pages that I think you can help me with, see below. Please feel free to comment on the rest of the presentation too. Thanks, Michael Jim Saunders and Gary Zahn - 26 Kim Watson - 6, 17, 19, 24

It's time for the Halloween Ball this Saturday! If you are thinking of participating one full-time social activity this semester, this is it!! Last year, the Halloween Ball was a big success, I anticipate this year will be a blast as well. So, go get your new costume and get ready to mingle with the full-time students this Saturday. Please see below for details. Make your check out to "C4C" and drop it off in Jennifer Sang's mailbox in the student lounge. -----Original Message----- From: Linda Ng [mailto:lng@haas.berkeley.edu] Sent: Sunday, October 21, 2001 3:24 PM To: Tai, Tony Subject: UPDATED: C4C Halloween Ball Information Hi Tony, this version of my message is corrected/updated - I had forgotten in my earlier one to say that checks are payable to C4C. C4C HALLOWEEN BALL - THIS SATURDAY!!! Don't miss out on the "HAAS FREAK SHOW", it's the wildest party of the semester! Everyone is invited - bring your friends and significant others! Costumes are a must! Date & Time: Saturday, October 27th 8 pm to 2 am Location: Curve Bar & Restaurant 747 Third Street San Francisco, CA 94107 (415) 896-2286 <http://www.curvebar.com/> (Located across from PacBell Park) Ticket Info: Tickets are free for C4C members, $25 for all others and $30 at the door, so buy early. Tickets are on sale this week at Haas - just leave a check payable to "C4C" in Jennifer Sang's (first-year, full-time program) mailbox in the MBA lounge. She'll make sure your ticket is reserved at the door. Don't miss out on the fun - there will be great music, dancing, appetizers, cash bar, costume contest, and raffle prizes! All proceeds from the party will be donated to Special Olympics, so you are guaranteed to have an awesome time while also supporting a terrific cause!!!

Folks: Many thanks for the last two years of Enron experience. Friday morning will be my final day here in Houston and I wanted to drop a contact address if there is anything you need or should you find yourself in England in the next 1-3 years. Best wishes to all of you. Email address: tobin1977@hotmail.com Mailing address: University of Warwick Lakeside Residence Tobin Carlson Coventry, CV47AL Regards, Tobin

Mike: Here is the resume I told you about. Also, if you could have another talk with Brandon, I think that he may still be interested in a position. Thanks! Ben ---------------------- Forwarded by Benjamin Rogers/HOU/ECT on 09/12/2000 01:26 PM --------------------------- Bryan Garrett@ENRON COMMUNICATIONS 09/11/2000 02:26 PM To: Benjamin Rogers/HOU/ECT@ECT cc: Subject: Barry Steinhart's Resume Ben, Here is Barry's resume. Please forward it on to your brother in law and let me know what he thinks. Thanks, BG Bryan Garrett Global Bandwidth Trading Enron Broadband Services Phone - (713) 853-7993 Mobile - (713) 256-6668 bryan_garrett@enron.net www.enron.net

Attached, please find the TXU nominations for the weekend of October 14-16, 2000. No Scheduled Flows (See attached file: HPLN1014.xls) - HPLN1014.xls

request_number: PS-BPA:117, 119, 120, 121 and 122- firstname: Steve lastname: Marshall e-mail: marss@perkinscoie.com directed_to: Peter J. Burger - LP-7 Office of General Counsel Bonneville Power Administration P.O. Box 3261 Portland, Oregon 97208-3621 exhibit_wp-02-e-: BPA-75 page_numbers: 4 request_text: PS-BPA:117, page 4, lines 6-7: Beginning at line 6 the witnesses state
&Tiered rates may be good for both BPA and the Northwest region, and should properly be explored
8. How do you propose properly exploring tiered rates? PS-BPA:119, page 4, lines 3-4: Beginning at line 3 the witnesses state
&During these unprecedented market conditions, BPA will continue to explore every potential avenue for finding solutions that are both fair and practical.
8 Please give examples of such potential avenues. Would a change in base rates during the five-year rate period be one such avenue? Would a change in the manner in which the CRACs are applied during the five-year rate period be one such avenue? PS-BPA:120, page 4, lines 3-6: Beginning at line 3 the witnesses state
&During these unprecedented market conditions, BPA will continue to explore every potential avenue for finding solutions that are both fair and practical. This certainly would not exclude tiered rates, though the region
, s historically strong opposition to tiered rates is a factor that cannot be ignored
8. Does the language
&will continue
8 mean that BPA is currently exploring the use of tiered rates as a potential avenue for finding solutions? If so, please provide all data, analysis and communications that make up this exploration. PS-BPA:121, page 4, lines 5-6: Beginning at line 5 the witnesses state
& . . . though the region
,s historically strong opposition to tiered rates . . .
8. Please provide all bases for this statement. PS-BPA:122, page 4, lines 5-6: Beginning at line 5 the witnesses state
& . . . though the region
,s historically strong opposition to tiered rates . . .
8. Please describe your use of the term
&region
8. Do you mean to imply that the opposition was a consensus of all parties in the region? If so, how did this consensus manifest itself? If not, what parties composed this opposition? contact_name: Steve Marshall contact_address: Perkins Coie One Bellevue Center, Suite 1800 411 - 108th Avenue N.E. Bellevue, WA 98004 contact_phone: 425-453-7314 contact_email: marss@perkinscoie.com contact_fax: 425-453-7350 delivery_instructions: Please mail hard coies of data responses to Steve Marshall at the address above The following information is from the web server: 1. Logon: IUSR_GRANITE 2. Remote Host: seairon.perkinscoie.com 3. Remote IP Address: 38.169.150.2 4. Form URL: https://secure.bpa.gov/power/secure/psp/ratecase/discovery/wp_02_request.html 5. Browser Client: Mozilla/4.0 (compatible; MSIE 5.01; Windows NT)

From an operational perspective, during a Stage 3 Emergencies, the ISO has three options available to keep the lights on. It can (1) buy more power (under its DOE granted Section 202(c) authority), (2) cut scheduled power transactions, or (3) derate transmission capacity used to export power from its system. The Cal ISO has recently been derating to zero transmission capacity to the Northwest (option 3). Because transmission users can't get capacity to sell their power outside California, the effect is that the ISO gets cheaper power over customers in the NW. I was thinking of a political approach to solving this problem. I was wondering if you could work with your contacts to mobilize NW Senators (?) to write a letter to the California ISO and the Governor; you might even get Steve Wright to sign on given that this situation must make it more difficult for him to balance his budget. The central theme of the letter would point out what a hue and cry there would be if BPA engaged in such actions and that California is simply trying to get cheaper power than the rest of the region. It could also point out that the Cal ISO already has the mechanism of the Secretary of Energy's Section 202(c) orders to get the power it needs for an emergency and that this order is fairer because it allows market participants to have a just and reasonable rate determined (albeit after the fact) for the power. I wouldn't bring up the ISO's authority to cut scheduled power transactions. I don't think we want to encourage that. What do you think? Call me.

Pizza is here!

Just a quick note to let you know that we are planning to have Brazil (Power only) launched on EnronOnline by February 2001. I will update you soon with the current status and next steps. Please let me know if you have any questions/comments Thanks Carlos x5-8705 ---------------------- Forwarded by Carlos Alatorre/NA/Enron on 12/06/2000 08:44 AM --------------------------- Remi Collonges 11/30/2000 07:34 PM To: David Forster/Corp/Enron@Enron cc: Joe Kishkill/SA/Enron@Enron, Carlos Alatorre/NA/Enron@Enron Subject: Re: EnronOnline I am delighted and thankful. On our side, I'm fairly sure I can enlist the help of Patrick Hensen, so that our dependance on your team be kept at the necessary minimum while we benefit from his experience. I will coordinate with my team and call Carlos next week to see whether he wants to take advantage of my presence in Houston the week of the 11th to 15th of December to be briefed on the status of our efforts (and to be briefed on our next to do's). Again, thanks for your support, Remi David Forster 11/30/2000 09:15 PM To: Remi Collonges/SA/Enron@Enron cc: Carlos Alatorre/NA/Enron@Enron Subject: EnronOnline Remi, Further to our recent conversation and in light of the information which you provided regarding attainable margins, we have re-prioritised our workload to accomodate a Brazilian launch by February. Carlos Alatorre will be the person within EnronOnline who will help you in preparing for launch. Dave

Attached are the referenced swaps. They are complete with the prior comments of K&E incorporated, except in each case for the maximum limit on share settlement. I will be on vacation next week. Angela Davis at ex. 58347 will assist you as needed. Cordially, Mary Cook Enron North America Corp. 1400 Smith, 38th Floor, Legal Houston, Texas 77002-7361 (713) 345-7732 (phone) (713) 646-3490 (fax) mary.cook@enron.com

Just a few housekeeping items: (1) Expense reports: If you would like assistance with expense reports I would be happy to prepare them for you. (2) Tri-Met Bus Passes: I am working up a list of people who receive a bus pass each month. If you wish to continue to receive a pass please send me an email to that effect. (3) Iron Mountain Storage: We will be sending a shipment of boxes to storage today. If you have material which needs to be stored, or if your recycle box is overflowing and needs to go away, please let me know. Thanks, Kathy

There appears to be a brand new book out by David Brin (one of Tim's authors) called "Heaven's Reach" which I think is still only available in hardback. If you decide not to get it, please let me know and I may.

you will want to cover arround 85.71, which should happen on or before july -----Original Message----- From: Fenner, Chet [mailto:Chet_Fenner@bmc.com] Sent: Tuesday, June 25, 2002 3:22 PM To: Parks, Joe Subject: RE: YOU CAN THANK ME LATER Si, Se?or Paras! -----Original Message----- From: Parks, Joe [mailto:Joe.Parks@bridgeline.net] Sent: Tuesday, June 25, 2002 3:09 PM To: Fenner, Chet Subject: RE: YOU CAN THANK ME LATER its called liquidation -----Original Message----- From: Fenner, Chet [mailto:Chet_Fenner@bmc.com] Sent: Tuesday, June 25, 2002 3:07 PM To: Parks, Joe Subject: RE: YOU CAN THANK ME LATER Wooo, what a day! Blood-red screen, except for ORCL and good ol' PRGN (climbed 8.7% to a buck even!). Dollar trading right in hand w/ the equities. -----Original Message----- From: Parks, Joe [mailto:Joe.Parks@bridgeline.net] Sent: Tuesday, June 25, 2002 3:01 PM To: Fenner, Chet Subject: RE: YOU CAN THANK ME LATER i figure by next week it should be good and sold off, i might get flat into the fourth of july, because if there isnt a terriost attack, the monkeys will come back and buy it -----Original Message----- From: Fenner, Chet [mailto:Chet_Fenner@bmc.com] Sent: Tuesday, June 25, 2002 2:57 PM To: Parks, Joe Subject: RE: YOU CAN THANK ME LATER Just get us there by the end of the week and I won't have to worry about my theta. -----Original Message----- From: Parks, Joe [mailto:Joe.Parks@bridgeline.net] Sent: Tuesday, June 25, 2002 2:56 PM To: Fenner, Chet Subject: RE: YOU CAN THANK ME LATER i am thinking 87-90 on DIA, however you manage your own theta. if i see something that really scares me i will let you know -----Original Message----- From: Fenner, Chet [mailto:Chet_Fenner@bmc.com] Sent: Tuesday, June 25, 2002 2:55 PM To: Parks, Joe Subject: RE: YOU CAN THANK ME LATER Now, what I'll REALLY need you for is telling me when to bail!!! -----Original Message----- From: Parks, Joe [mailto:Joe.Parks@bridgeline.net] Sent: Tuesday, June 25, 2002 2:39 PM To: Chet Fenner (E-mail) Subject: DIA:YOU CAN THANK ME LATER ************************************************************************ This e-mail is the property of Bridgeline Holdings, L.P. and/or its relevant affiliate(s) and may contain confidential and privileged material for the sole use of the intended recipient(s). Any review, use, distribution or disclosure by others is strictly prohibited. If you are not the intended recipient (or authorized to receive for the recipient), please contact the sender and delete all copies of the message. This e-mail (and any attachments hereto) are not intended to be an offer (or an acceptance) and do not create or evidence a binding and enforceable contract between Bridgeline Holdings, L.P. (or any of its affiliates) and the intended recipient or any other party, and may not be relied on by anyone as the basis of a contract by estoppel or otherwise. Thank you. ************************************************************************ ************************************************************************ This e-mail is the property of Bridgeline Holdings, L.P. and/or its relevant affiliate(s) and may contain confidential and privileged material for the sole use of the intended recipient(s). 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Any review, use, distribution or disclosure by others is strictly prohibited. If you are not the intended recipient (or authorized to receive for the recipient), please contact the sender and delete all copies of the message. This e-mail (and any attachments hereto) are not intended to be an offer (or an acceptance) and do not create or evidence a binding and enforceable contract between Bridgeline Holdings, L.P. (or any of its affiliates) and the intended recipient or any other party, and may not be relied on by anyone as the basis of a contract by estoppel or otherwise. Thank you. ************************************************************************ ************************************************************************ This e-mail is the property of Bridgeline Holdings, L.P. and/or its relevant affiliate(s) and may contain confidential and privileged material for the sole use of the intended recipient(s). Any review, use, distribution or disclosure by others is strictly prohibited. If you are not the intended recipient (or authorized to receive for the recipient), please contact the sender and delete all copies of the message. This e-mail (and any attachments hereto) are not intended to be an offer (or an acceptance) and do not create or evidence a binding and enforceable contract between Bridgeline Holdings, L.P. (or any of its affiliates) and the intended recipient or any other party, and may not be relied on by anyone as the basis of a contract by estoppel or otherwise. Thank you. ************************************************************************

FYI -----Original Message----- From: Butler, Janet Sent: Wednesday, September 26, 2001 4:35 PM To: Alvarez, Ray; Bagot, Nancy; Benner, Martha; Benson, Eric; Blair, Lynn; Boatman, Jack; Bradley, Rob; Branney, Theresa; Brennan, Lorna; Briggs, Tom; Butler, Janet; Comnes, Alan; Cordes, Bill; Corman, Shelley; Culwell, Christi; Daniel, Shonnie; Darveaux, Mary; Dietz, Rick; Dornan, Dari; Dushinske, John; Farrell, Sharon; Fossum, Drew; Fulton, Donna; Goodpasture, John; Hammond, Pearce; Harris, Steven; Hartsoe, Joe; Hass, Glen; Hayes, Robert; Hayslett, Rod; Heckerman, Bambi; Hess, Theresa; Hill, Robert; Holmes, Bradley; Holtzman, Staci; Hopkins, Tamara; Horton, Stanley; Huber, Lee; Janousek, Martha; January, Steven; Kean, Steven J.; Kilmer III, Robert; King Jr., Frazier; Kirk, Steve; Kissner, Tim; Lantefield, Laura; Lawrence, Linda L.; Lichtenwalter, Blair; Linnell, Elizabeth; Loeffler, Michael; Lokey, Teb; Lowry, Phil; Mann, Ruth; Mara, Susan; Martens, Donna; McCoppin, Dorothy; McGowan, Mike W.; Miller, Mary Kay; Miller, Terri; Nacey, Sheila; Nelson, Kimberly (ETS); Neppl, Ray; Neubauer, Dave; Neufeld, Eva; Neustaedter, Robert; Nicolay, Christi L.; Novosel, Sarah; Paladino, Ranelle; Palmer, Maureen; Paschal, Zelda; Patterson, Geneva; Pavlou, Maria; Petersen, Keith; Place, Janet; Porter, Gregory J.; Pribble, Dan; Pryor, Tony; Raker, Colleen; Rice, Randy; Ringblom, Kathy; Robertson, Linda; Saunders, James; Sawyer, Lisa; Scott, Donna; Shafer, John; Shapiro, Richard; Smith, Mike; Soldano, Louis; Stanton, Lon; Steffes, James D.; Sullivan, Kathleen; Talcott, Jim; Taylor, Gina; Tu, Denis; Van Norden, Mike; Veatch, Stephen; Vignaroli, Donald; Warner, Jody; Watson, Kimberly; Wilkie, Kim; Wilson, Rob; Winckowski, Michele; Wininger, James; Yoho, Lisa Subject: Commission Meeting Attached are two press releases from FERC announcing the new marketing affiliate proposed rule that was voted out today and the directives for FERC outlined in their strategic plan. We will have a summary of the meeting available early tomorrow morning.

---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 11/07/2000 05:31 PM --------------------------- From: Shalesh Ganjoo@ENRON COMMUNICATIONS on 11/07/2000 10:03 AM To: Vince J Kaminski/HOU/ECT@ECT, Stinson Gibner/HOU/ECT@ECT cc: gappy@stanfordalumni.org, Martin Lin/Contractor/Enron Communications@Enron Communications, Shalesh Ganjoo/Contractor/Enron Communications@Enron Communications Subject: Technical Survey Gentlemen, We are attaching below a document on Internet Protocol (IP) written by Martin. We hope you will find it informative and provide us with some feed back to improve it. Shalesh is still working on documents for fiber optics and storage. We felt that they were not complete and therefore not ready for review. We hope to have them ready for your review soon. In the mean time we would appreciate any comments you may have about the IP document. Thank you. Sincerely, Shalesh and Martin

Shari, To save you some time in the future, if a counterparty says "declined" on the worksheet, you don't even have to look at it at all, because it means Credit has decided not to trade with them. Shari Stack 08/24/2000 03:00 PM To: Tana Jones/HOU/ECT@ECT cc: Rhonda L Denton/HOU/ECT@ECT, Leslie Hansen/HOU/ECT@ECT Subject: Re: EOL Credit Responses 08/23/00 Tana: The following CPs are not authorized to trade US power products: Maguire Oil Company- Restricted by Credit Massachusetts Municipal Wholesale Electric Co.- Restricted by Credit Panda Energy International, Inc. - Restricted by Credit Roswell Energy, Inc. Restricted by Credit Copano Energy Services/Upper Gulf Coast L.P.- Restricted by Credit US Steel: Not a current CP/not FERC approved *********************** Great River Energy: Will have to get back to you on this. They usually act as agent for another company and I am waiting to get info on what they want to do. Thanks, Shari

Geoff, Attached is yesterdays NG curves that goes out more than 14 years. Is the curve that you talked to me about yesterday? If it is, this curve was entered by Dutch Quigley using curveload. Francis NOTES ONLY: the curves were generated using the query below: select ref_period_dt,curve_amt from egs_curves where effective_dt = '26-mar-01' and curve_cd = 'NG' and curve_type_cd = 'PR' order by ref_period_dt

HI. I'm so overwhelmed at the goodness of God. Know ye not that it's the goodness of God that leads a man to repent. I feel like I just got a new boyfriend that I want to spend all my time with. Ahhhhhhhhhhhhhhhhh! Ok-Ok. I just wanted to share a scripture with you girls. Hebrews 4:12 - For the word of God is quick, and powerful, and sharper than any twoedged sword, piercing even to the dividing asunder of soul and spirit, and of the joints and marrow, and is a discerner of the thoughts and intents of the heart. I'm so excited and encouraged to continue in this race. I'm so thankful that God is teaching me through you and His Word that this race is not given to the swift, neither to strong but to the one that endures to the end. Keep pressing my sisters! Love You, Dana

Hey Rick. I think we all kind of feel that we are on the side of right and know that we're trying hard, but it sure is nice to hear from you that it is appreciated. -----Original Message----- From: Shapiro, Richard Sent: Thursday, August 23, 2001 7:29 AM To: Guerrero, Janel; Palmer, Mark A. (PR); Steffes, James D.; Kaufman, Paul; Dasovich, Jeff; Mara, Susan; Comnes, Alan; Kingerski, Harry; Lawner, Leslie; Frank, Robert; Neustaedter, Robert; 'Bev Hansen (E-mail)'; 'Hedy Govenar (E-mail)'; 'Scott Govenar (E-mail)'; Walton, Steve; Thome, Jennifer; Denne, Karen; 'Ken Smith (E-mail)'; 'Sandra Yamane (E-mail)'; 'Joan Kradin (E-mail)'; 'Rich Lichtenstein (E-mail)'; Landwehr, Susan M.; Montovano, Steve; Sullivan, Kathleen; Staines, Dan; Briggs, Tom; Robertson, Linda; Novosel, Sarah; Fulton, Donna; Alvarez, Ray; Allegretti, Daniel; Yoho, Lisa; Migden, Janine; Ryall, Jean; Keeler, Jeff; Bolton, Stacey; Schoen, Mary; Dernehl, Ginger; McVicker, Maureen; Noske, Linda J.; Schmidt, Ann M.; Linnell, Elizabeth; O'connell, Earlene Cc: Kean, Steven J. Subject: RE: California Campaign Closeout Importance: High A follow-on to Janel's comments: I wanted to comment a bit on the " California campaign", our group's(internal and external) individual and collective efforts, and the work that continues: While I may be properly, and not surprisingly, characterized as "non-practicing"(in a formal religious sense), I do believe quite firmly that what we do in life( and how we do it) echoes through eternity...it is the effort and the quality of the effort in all that we do in our lives that both matters and echoes...While we engage in work that cannot be equated with the work of people, past and present, such as Mother Teresa, the work we do is good, very good in fact, and makes a significant difference to the 18,000 Enron employees and their families...Each of you, in the context of the broad "campaign" to communicate the rightness of our perspective and to protect the good name of the company and individuals within the company, has put forth a great effort that has been performed with excellence and that has made a significant and positive difference....and that has succeeded in many respects thus far....I understand the effort continues, but each of you should feel very proud now.... about what we have done and how we have done it. Thanks very much. -----Original Message----- From: Guerrero, Janel Sent: Wednesday, August 22, 2001 5:18 PM To: Shapiro, Richard; Palmer, Mark A. (PR); Steffes, James D.; Kaufman, Paul; Dasovich, Jeff; Mara, Susan; Comnes, Alan; Kingerski, Harry; Lawner, Leslie; Frank, Robert; Neustaedter, Robert; Bev Hansen (E-mail); Hedy Govenar (E-mail); Scott Govenar (E-mail); Walton, Steve; Thome, Jennifer; Denne, Karen; Ken Smith (E-mail); Sandra Yamane (E-mail); Joan Kradin (E-mail); Rich Lichtenstein (E-mail); Landwehr, Susan M.; Montovano, Steve; Sullivan, Kathleen; Staines, Dan; Briggs, Tom; Robertson, Linda; Novosel, Sarah; Fulton, Donna; Alvarez, Ray; Allegretti, Daniel; Yoho, Lisa; Migden, Janine; Ryall, Jean; Keeler, Jeff; Bolton, Stacey; Schoen, Mary; Dernehl, Ginger; McVicker, Maureen; Noske, Linda J.; Schmidt, Ann M.; Linnell, Elizabeth; O'connell, Earlene Subject: California Campaign Closeout Attached is the presentation that Rick and Steve will make to Mr. Lay regarding our accomplishments during the California energy crisis. Great work everybody!! More to come on RTOs.....

---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 12/08/2000 07:29 PM --------------------------- Jim Garven <James_Garven@baylor.edu> on 11/28/2000 05:10:55 PM To: "Vince J Kaminski" <Vince_J_Kaminski@enron.com> cc: Subject: Greetings from Baylor University Dear Vince, Since we last corresponded, I have left LSU and am now Professor of Finance & Insurance at Baylor University in Waco, TX.? My colleague at Baylor, John Martin, mentioned that you will be coming to campus for a conference on Friday, February 23 that he is organizing.?? I am curious whether your schedule might permit staying over that evening so that we can feature you as our dinner speaker for the chartering ceremony of Gamma Iota Sigma, a national risk management fraternity.? For that matter, would you also possibly be available to make any presentations to undergraduate and graduate students on the previous day (Thursday, February 22)?? What I have in mind is a presentation similar to the presentations you made last spring to my LSU classes.? Thank you for your consideration of this request.? I am looking forward to seeing you once again. Sincerely, Jim Garven _________________________________________ James R. Garven, Ph.D. Professor of Finance & Insurance Department of Finance, Insurance and Real Estate Hankamer School of Business HSB 336 Baylor University Box 98004 Waco, TX? 76798 Voice: (254) 710-6207 Fax: (603) 994-6680 E-mail:? James_Garven@baylor.edu Home Page: http://garven.baylor.edu Vita: http://garven.baylor.edu/dossier.html Research Paper Archive: http://garven.baylor.edu/research.html _________________________________________

Yes, please. Sara "JASON PETERS" <PETEJ@andrews-kurth.com> 08/07/2000 08:01 PM To: <Sara.Shackleton@enron.com> cc: Subject: PrimeTrade Agreement - CSFB Sara, Do you want to see my comments to the above-referenced Agreement before they go out or would you prefer for me to copy you on the fax to CSFB. I got your message on ABN - AMRO (Australia). I'll come by this week to check the changes. Jason

The conference room 37c1 is booked at 11:00 - and I believe Julissa plans to have extra tables available to set up our dishes. Please see Julissa in 37c1 between 11:00 and 11:30 so she can tell us how she'd like items arranged. In the meantime - please keep at your desk unless you need to put in a refrigerator on your floor. The room is booked (until 3pm), so we'll have plenty of time for going back for seconds, and for clean up. Hope that answers most questions. Thanks....Sandy

We have received the fully executed Confidentiality Agreement with the referenced Counterparty dated July 13, 2000. A copy will be sent to Dave Samuels for the files. Also, attached is an updated list of the Online Confidentiality Agreement for your review. Please call me at x33399 with any comments or questions.

Start Date: 4/12/01; HourAhead hour: 19; No ancillary schedules awarded. Variances detected. Variances detected in Energy Import/Export schedule. LOG MESSAGES: PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final Schedules\2001041219.txt ---- Energy Import/Export Schedule ---- $$$ Variance found in table tblINTCHG_IMPEXP. Details: (Hour: 19 / Preferred: 12.00 / Final: 11.99) TRANS_TYPE: FINAL SC_ID: ECTRT MKT_TYPE: 2 TRANS_DATE: 4/12/01 TIE_POINT: PVERDE_5_DEVERS INTERCHG_ID: EPMI_CISO_DODGERS ENGY_TYPE: WHEEL

Louise we do not have a formal policy on this yet however this is oneof the areas I would like our culture committee to tackle and make a recommendation along with alternative work arrangements........Can you hold him off for a while????????

Russell: Since late 1998, we have been trying to put in place a Master between ENA and the above counterparty. We currently have a Master dated July 1997 between ECC and Pancanadian Petroleum Limited and Pancanadian wants to pretty much duplicate this Master. Here are the credit terms of the late 1998 drfat that we sent them which I need for you to tell me are still okay: No Credit Support Providers Cross Default - $50,000,000 for ENA and $25,000,000 for them Additional Event of Default - occurrence of a MAC and the failure to provide Perfprmance Assurance in accordnace with annex A. MAC is defined as Enron's rating going below BBB- and their Net Worth falling below $133,000,000 opr their Funded Debt to Net Worth being more than 1 to 1 They want to defined the "control" concept in Affiliate as ownership of more than 50% of equity. This term is used in the Setoff language and limits the possible entities that could be Affiliates on our side and their side Forms of collateral are cash and LC's Collateral Thresholds are $10,000,000 for us and $3,500,000 for them Let me know what you think. Carol

Zimin, Thanks. Vince Zimin Lu 01/31/2001 01:10 PM To: Vince J Kaminski/HOU/ECT@ECT cc: Stinson Gibner/HOU/ECT@ECT Subject: Re: FEA announces the release of @ENERGY 2.0 Vince and Stinson, I have successfully downloaded the @energy2.0. I am working with IT to update the license before we can use the software. Zimin Vince J Kaminski 01/31/2001 11:20 AM To: Zimin Lu/HOU/ECT@ECT cc: Vince J Kaminski/HOU/ECT@ECT, Stinson Gibner/HOU/ECT@ECT Subject: FEA announces the release of @ENERGY 2.0 Zimin, Please, take a look at it. I think we should download the update. Vince ---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 01/31/2001 11:21 AM --------------------------- "Michelle Mendoza" <michelle@fea.com> on 01/26/2001 02:33:14 PM To: <Vince.J.Kaminski@enron.com> cc: Subject: FEA announces the release of @ENERGY 2.0 January 26, 2001 Vince Kaminski Enron North America Corp. 1400 Smith Street 30th Floor, Rm. 3036B Houston, TX 77251-1188 1 713-853-3848 Dear Vince Kaminski, This is to inform you of the release of @ENERGY 2.0. FTP download instructions are available immediately. The download instructions are included at the end of this email. Your CD's and manuals will be shipped to you within 2 weeks. Please see below for more information regarding this new release. Please confirm that you are the correct recipient for this shipment and your address above is correct by clicking reply and send. If any changes need to be made, please make the changes above and reply. **WARNING: PLEASE NOTE THAT IF YOU DID NOT RECEIVED A LICENSE KEY FOR @ENERGY AFTER JUNE 2000, YOU WILL NEED TO CONTACT SUPPORT@FEA.COM OR CALL 510.548.6200 TO OBTAIN A NEW LICENSE KEY TO ENABLE THE NEW VERSION.** **Swing users: @ENERGY/Swing now replaces the "SWING" product. See the @ENERGY user manual for a discussion of the changes. Contact FEA for the necessary license keys. You will be able to run both the new and old SWING simultaneously. Heres an overview of the new and changed features since version 1.6: @ENERGY (Forward Curve) Jump parameters are now calibrated for use in other @ENERGY functions. Inputs and outputs to POWERCALIB and COMCALIB have changed. See the corresponding function syntax in the User Guide for additional information. 35-40% speed improvement. The module is now out of beta. @ENERGY (Basics) Different interpolation schemes on forward prices are now supported. If you use INDEXSWAP , EXOTICSWAP, or OPTINDEXSWAP with floating price linked to a series of futures dates, such futures dates need not be close to dates specified in the forward curve input. A new utility function, PATHUTIL, allows you to simulate and visualize price paths consistent with the models supported by @ENERGY. 25-30% speed improvement. @ENERGY (Advanced) Different interpolation schemes on forward prices are now supported. If you use OPTDIFFSWAP or DIFFSWAP with floating price linked to a series of futures dates, such futures dates need not be close to dates specified in the forward curve input. CALSPREADOPT now allows for the specification of two different mean reversion rates. 30-35% speed improvement. @ENERGY (Swing) SWINGOPT and STRIPSWINGOPT now allow for valuation of swing straddle contracts with overall load constraints. 65-70% speed improvement. The module is now out of beta. @ENERGY (Weather) 30-35% speed improvement. If you have any questions please feel free to contact us. We appreciate this opportunity to be of continuing service to Enron North America Corp.. Regards, Michelle Mendoza Support@fea.com +1-510-548-6200 Financial Engineering Associates, Inc. (FEA) **************************************************************************** ***************************** To download @ENERGY 2.0 via FTP, follow the following instructions: NOTE: Using EXPLORER leads to unpredictable results, so we suggest using NETSCAPE or a DOS shell. USING NETSCAPE: In the Location box type: ftp://energy@ftp.fea.com Password: 2rbzxgv5 energy-2.0-win32.exe is for Windows 95/98/2000/NT. Download and run on a local drive. USING A DOS SHELL: At a DOS prompt type: ftp ftp.fea.com User: energy Password: 2rbzxgv5 Type "binary" and hit 'return'. Type "ls" for a list of available files. Type "get" energy-2.0-win32.exe and and wait for the ftp> prompt. Type "quit". The file will be downloaded into the directory at which you entered the ftp site. Double click on the exe and follow the instructions on the screen.

Junior Achievement (JA) is seeking Enron employees to serve as JA consultants! Join more than 6,000 volunteers from hundreds of Houston companies who have made a difference. As a Junior Achievement consultant, you become a role model who shows students how to achieve personal and professional success. By making a commitment to be a consultant in either elementary, middle or high school, you can make a positive impact in our local schools. The time commitment to teach is minimal- only one hour per week for 5-10 weeks (depending on the grade level). Volunteers for all programs receive training, materials and support from Junior Achievement. You may teach a class alone or team up with a co-worker, friend or spouse. Most classes are taught during the school day with an after school program available in some areas. To learn more about various Junior Achievement programs, attend a Brown Bag Lunch on October 12 at 11:30 a.m. in EB 552. A representative from JA will give a presentation and answer your questions. If you are interested in becoming a consultant this year, please attend. If you are unable to attend the Brown Bag luncheon, but would like additional information on volunteering, please call Katherine Cheng at (713) 682-4500. One thing you can count on is the satisfaction of knowing you
,re making a difference in these students
, lives. Junior Achievement wants to reach over 130,000 young people during the 2000/2001 school year. With your help, it can reach its goal.

Start Date: 4/9/01; HourAhead hour: 17; No ancillary schedules awarded. No variances detected. LOG MESSAGES: PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final Schedules\2001040917.txt ---- Energy Import/Export Schedule ---- *** Final schedule not found for preferred schedule. Details: TRANS_TYPE: FINAL SC_ID: ECTRT MKT_TYPE: 2 TRANS_DATE: 4/9/01 TIE_POINT: PVERDE_5_DEVERS INTERCHG_ID: EPMI_CISO_OZZY ENGY_TYPE: FIRM

The attached comments for ENA and EES will be filed with FERC this afternoon in response to their request for comments on reimposition of the maximum rate price caps on short-term capacity releases into California. The request for comments was issued in the proceedings for the San Diego complaint and the LADWP complaint against El Paso. In our comments, we briefly summarize our view of how the California natural gas problems developed, explain how a basis differential differs from transportation costs, and answer the Commission's five questions. Our major points are that reimposition of the price cap will not do anything to further reduce natural gas costs, that the market is already responding to the pricing signals because several pipeline projects have been announced which would increase capacity into and within California, and that FERC should not reimpose the price caps. Please let me know ASAP if you have any problems with this filing. I will have to release it to the D.C. office for filing by no later than 2:30 this afternoon.

Here are Lisa Maillet and my contact information. Would one of you over the next few days email back with the correct contact information (business hour and after hours) so we can have on hand in preparation for gas flows. Thanks Trey Lisa Maillet Work# 508-786-7205 Home# 781-894-4465 Mobile# 508-326-2435 Trey Christensen Work# 713-613-4396 Home# 713-668-0488 Pager# 800-759-7243 Pin# 2377872 Mobile# 713-416-3014

just bring me a check (i'm on 32) From: Harry Bucalo 09/13/2000 01:38 PM To: Eric Bass/HOU/ECT@ECT cc: Subject: Fantasy F-ball fees Eric: when do you need the fantasy funds by? How do I get them to you? Thanks Harry B.

Wanna go to the Rodeo? ---------------------- Forwarded by Robin Rodrigue/HOU/ECT on 02/22/2001 03:38 PM --------------------------- From: Dolores Muzzy 02/22/2001 03:00 PM cc: Subject: Rodeo tickets for tonight's performance I have approximately 25 tickets for tonight's rodeo performance of Lonestar & Brad Paisley. If you are interested please come by my new location of EB1190A and pick up your tickets. Thanks! Dolores

Please be advised that effective Monday May 13, the Enron Venezuela office will be moved to the following address: Enron Venezuela, Ltd. Avenida La Estancia Centro Banaven Torre B, Piso 8 Chuao Caracas, 1060, Venezuela Phone Number: (58212) 902.7811

Now why would I give up Bruce after just getting him? -----Original Message----- From: Eric.Bass@enron.com [mailto:Eric.Bass@enron.com] Sent: Thursday, November 02, 2000 3:33 PM To: Bass, Jason Subject: Trade Mcnabb and Freeman for Bruce

I spoke with Dick Reiten today about when he could expect Enron to take the PGE/NWN deal to the creditor committee for approval. Dick says by next week he will have his financing lined up with the lenders only having outs if there is a substantial change in the economics of the deal due to regulatory action. He expects Oregon PUC approval in late May. He believes that he needs approval from the creditors committee by early February. He stated that his team is getting questioned on the timing of the creditor committee approval. He was pretty insistent that early February should be plenty of time to get approval on a deal of this magnitude. I told Dick the the Creditor Committee had a mountain of work to do and thought everyone involved needed to understand the complexities of the bankruptcy process before such a large deal was put before the Creditor Committee. He recognized that but stated the DIP banks were also asking his people about the sales process and timing and thought they would want affirmation that the deal was getting Creditor Committee approval. I told Dick that we would try to move the process along and thought early to mid February was the quickest we could hope to get Creditor Committee approval. (This was based on our conversation in Jeff's office that we would know betterabout the timing in 4 to 6 weeks. Dick plans on us talking weekly about the the progress. As you can see he is thinks it very important to move this forward as quickly as possible.

Mr Sturm: Due to the California power crisis, Enron Gas Trading is unable to extend sell authorization on options to Enron Power Trading. Please call if you should desire to sell any options and credit will be extended on a trade-by-trade basis. We apologize for any inconvience. Sincerely: John Arnold Vice President, Gas Trading Enron North America ---------------------- Forwarded by John Arnold/HOU/ECT on 02/05/2001 12:55 PM --------------------------- Larry May@ENRON 02/05/2001 12:51 PM To: Stephanie Sever/HOU/ECT@ECT cc: John Arnold/HOU/ECT@ECT, Fletcher J Sturm/HOU/ECT@ECT Subject: re: options Please enable Flecther Sturm to sell options

---------------------- Forwarded by Steven J Kean/NA/Enron on 08/23/2000 12:51 PM --------------------------- Celeste Roberts@ECT 08/23/2000 10:06 AM To: Steven J Kean/NA/Enron@Enron, Mark Courtney/HOU/ECT@ECT, Traci Warner/Enron Communications@Enron Communications, Scott Porter/HOU/EES@EES, Bernie Barcio/Enron Communications@Enron Communications, Wilson, Bill Windle/Corp/Enron@Enron, Brian Spector/Enron Communications@Enron Communications, Kate Fraser/HOU/ECT@ECT, Pushkar Shahi/HOU/ECT@ECT, Waymon Votaw/NA/Enron@Enron, Patrick Wade/HOU/ECT@ECT, David Dye/HOU/EES@EES, Jon Adler/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Greg Characklis/HOU/AZURIX@AZURIX, William Kendrick/OTS/Enron@ENRON, Larry Leib/Corp/Enron@Enron, Andrew Miles/NA/Enron@Enron, Stephen Stenhouse/Enron Communications@Enron Communications, Trevor Randolph/Corp/Enron@ENRON, Charles Barker Varnell/DEN/ECT@Enron, Doug Sewell/HOU/ECT@ECT, Alhamd Alkhayat/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Micha Makowsky/Enron Communications@Enron Communications, Frank Bay/Enron Communications@Enron Communications cc: Subject: Rice Team Mtg. Greetings, Rice Recruiting Team! Each of you has been chosen to represent Enron for our Fall 2000 recruiting efforts at the Rice/Jones School. As part of the team, you will be challenged with choosing the best candidates from Rice to join our Associate Program. Our first campus event will be a tailgate party for the Rice/University of Houston game, Saturday, September 2nd. Everyone is invited to meet in the parking lot of Rice Stadium. We will have tickets to the game along with beer and sandwiches. The general presentation will be on Wednesday, September 6th, and interviews will be held on campus Thursday, October 5th, and Friday, October 6th. There are a variety of campus events planned, so I hope you are all able to participate. We are planning to have a brief team meeting Tuesday, August 29th, from 9:00 to 10:00 am in 42C1 (the Gas Control Presentation Room) to discuss the Associate Program, and the fall recruiting calendar. I look forward to seeing you all soon. Sincerely, Celeste Roberts Director of Associate & Analyst Campus Recruiting

Dear PHILLIP M LOVE, Thank you for your order. We are currently reviewing for completeness and accuracy. A separate email with your Dell Order number(s) will be sent to you after the order is processed. A recap of your order is provided at the end of this message for your reference. We encourage you to verify, print, and retain the information on this page for your records. Date Submitted: 3/27/01 12:14:33 PM If at any time you have questions regarding your order please contact your Dell Sales Representative: Name: Employee Purchase Program Email: enterprise_online@dell.com Phone: (800) 695-8133 ext 66402 Again, thank you for your order. We appreciate you buying from Dell and using your Dell Premier Pages Service. Sincerely, Dell Premier Pages Service Shopping cart includes 1 unique item(s) Total Price: $219.00 Item Detail#:1 Dimension L Series (Required)--Dimension&#174; L Series, Pentium&#174; III Processor at 933 MHz Memory: 256MB SDRAM, 1 DIMM Keyboard: QuietKey&#174; Keyboard Monitor: 17" (16.0 viewable, .28dp) E770 Monitor Video Card: Intel 3D AGP Graphics Hard Drive: 20GB Ultra ATA Hard Drive Floppy Drive: 1.44MB Floppy Drive Operating System: NEW Microsoft&#174; Windows&#174; 2000 Professional Mouse: Dell&#174; 2 Button Mouse Network Card: Integrated Intel&#17410/100 Ethernet Controller Modem: V.90/56K PCI DataFax Modem for Windows CD/DVD ROM Drive: NEW 8X/4X/32X CD-RW Drive Sound Card: Soundblaster 64V Integrated Speakers: harman/kardon Speakers Bundled Software: Microsoft&#174; Office 2000 Small Business Norton Antivirus&#174 at no additional charge: Norton Antivirus&#174; 2001 Hardware Support Services: 3 Yr Next Business Day On-Site Parts & Labor,D1 Resolution Assistant: Resolution Assistant Software and Peripherals: Program Management Services Software and Peripherals: Power Point Upgrade Single Item Cost: $219.00 Quantity: 1 Sub-Total for Item: $219.00 ___________________ ** END OF ORDER **

Attached is a general bio. Please let me know if you need something different or additional.

I just received the e-mail regarding your visit to Portland (Monica Lande forwarded it to me). Regarding that, I would definitely be interested in gaining access to Livelink. Monica explained that Livelink is a system that allows one to view confirms, in which case it would greatly benefit my position to have access to it. I look forward to your visit, and to working with you in the future. Thanks, Kate Symes West Desk Deal Control 503.464.7486

Ken Lay announced today that he has resigned from Enron's Board of Directors. His resignation is effective immediately. In a press release, Ken said, "I want to see Enron survive and successfully emerge from reorganization. Due to the multiple inquiries and investigations, some of which are focused on me personally, I believe that my involvement has become a distraction to achieving this goal." He added, "My concern is for current and former Enron employees and other stakeholders, and I feel that it is in their best interest for me to step down from the Board."

pls find this article and print for me (sounds interesting--please give to Soldano and Mike Moran also). Thanks. DF ---------------------- Forwarded by Drew Fossum/ET&S/Enron on 03/21/2000 03:17 PM --------------------------- From: Michel Nelson 03/20/2000 09:44 AM To: Bill Cordes/ET&S/Enron@ENRON, Drew Fossum/ET&S/Enron@ENRON, Steven Harris/ET&S/Enron@ENRON cc: Charlie Graham/ET&S/Enron@ENRON Subject: PG&E PGE story regarding release of movie and potential for additional news (bad) out of their Topock location. Steve http://www.sfgate.com/cgi-bin/article.cgi?file=/chronicle/archive/2000/03/16/M N30158.DTL

I have little need for Volp at this time. Thank You

Please read below if you are interested (or may be interested) in buying transmission anytime on Feb 28/March 1 ---------------------- Forwarded by Cara Semperger/PDX/ECT on 02/14/2001 02:55 PM --------------------------- From: Andy Rodriquez/ENRON@enronXgate on 02/14/2001 04:44 PM CST To: Bill Rust/HOU/ECT@ECT, Christi L Nicolay/HOU/ECT@ECT, Lloyd Will/HOU/ECT@ECT, Kayne Coulter/HOU/ECT@ECT, Corry Bentley/HOU/ECT@ECT, Cara Semperger/PDX/ECT@ECT, Tim Heizenrader/PDX/ECT@ECT, Charles Yeung/HOU/ECT@ECT cc: Subject: OASIS Version 1.4 Cutover Just to make sure you are all aware, there is going to be an OASIS outage coming up at the end of the month. As I understand it, all S&CP compliant OASIS nodes will be offline from 12 noon Wednesday, Feb 28th, to midnight of Feb 28/March 1 (12 hours). All the above will be local time, so expect Eastern Time nodes to be out one hour earlier, Mountain Time nodes to be out one hour later, and Pacific Time nodes to be out 2 hours later. The outage is to upgrade OASIS from version 1.3 to 1.4. This will mostly be affecting the computer-to-computer template methods used by programs that interact with OASIS. Standard web interfaces should only be effected in minor ways, if at all. The plan is that all transactions will be taken by phone or fax during this time, and posted on the OASIS as soon as they are back up and time permits. I would suggest that the following actions be taken: 1.) Forward this message to Enron employee that buys or sells transmission or ancillary services on the OASIS. 2.) Forward this message to any developers that have written custom tools to interact with OASIS nodes. Remember, developers don't always know what is going on in the industry. 3.) Begin mentioning this to Transmission Providers NOW to make sure they are aware of this change and understand that they WILL have to work with fax and verbal reservations. Try to contact everyone you do business with and get their commitments to address this before it develops into something nasty. 4.) Be prepared to deal with this on February 28th. If you have time, see if you can do some test scenarios with our more important TPs, to make sure we understand what information they are going to want for their processes. Will they have a special fax form to fill out? Will they accept only verbal requests? Hopefully, this will be a smooth transition. However, we need to be prepared in case it is not. This will impact all 1.3 S&CP Compliant OASIS nodes. I'm not sure who those are, but I believe it will impact the following nodes: MAPP OASIS SPP OASIS (Holding a Workshop for 1.4 on February 16th) NEPOOL OASIS (test node: http://nepooldev.jtsin.com/OASIS) AEP OASIS ECAR OASIS MAIN OASIS VACAR OASIS Southern OASIS (test site: http://test.weboasis.com/) Florida OASIS (FLOASIS) (test site: http://oasis.siemens-psc.com/) Idaho Power OASIS Northwest OASIS Pacificorp OASIS Rocky Mountain Area OASIS (RMAO) Southwest OASIS (test site: http://www3.swoasis.com/OASIS/SRP/data2 login = studentx Password = tx) Western OASIS PJM OASIS (test site: http://oasisstaging.pjm.com ) It may also impact other nodes I am not aware of. Many of these will have test sites up soon, so watch the OASIS for notices regarding them. Andrew Rodriquez Senior Specialist - Enron NetWorks andy.rodriquez@enron.com 713-345-3771

I have been in touch with Mr. Woodford today. This is my first day back from Turkey Day vacation. The dogs are good. I packed them up and drove 9 hours to Ark to visit the folks. Geronimo was very good. I was surprised, although he was a little much for my Dad. How is the baby? Have you adjusted? Have the dogs adjusted? The luncheon was just OK. I thought last year was better with regards to food and clothes. River Oaks CC did not live up to the Junior League in my opinion. 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

-----Original Message----- From: Collins, Angie Sent: Tuesday, January 15, 2002 4:53 PM To: Holcombe, Tina ; Snow, Dina; Leigh, Lorie; Gonzales, Kathryn; Quezada, Daniel; Presas, Jessica Subject: UPDATE ON CHURN I just met with the move coordinator. We are now scheduled to move to the 4th floor, however, the information collected in the meeting will need to be approved. Needless to say the churn will not have to be submitted today. The following issues were discussed in the meeting today: Fax Machine/Lines TBD (I will process the churn for all fax lines) Churn Due Date Thursday, January 17 (tentative) Move Date Tuesday, January 21 (tentative) Boxes Will be moved by move team (if staff is available) Filing Space Please get with your group and determine what files can be achieved if any (space is being looked at) Once move to locations have been determined an email will need to be sent to your group requesting that they go to that location box the items if any and label the boxes with the name, location and unit(label with flag nearest to that location). Thanks Angie -----Original Message----- From: Collins, Angie Sent: Tuesday, January 15, 2002 12:31 PM To: Holcombe, Tina ; Snow, Dina; Leigh, Lorie; Gonzales, Kathryn; Quezada, Daniel; Presas, Jessica Subject: URGENT - CHURN DUE TODAY Importance: High Hello Everyone, I was just informed that churns for our move to the 3rd floor are due today by 5:00 p.m. I will have the move to locations for your group to you as soon as possible. Please begin inputting the information for your churn ASAP and once I provide you with your new locations you can plug them in. For coding please use your current cost center and company number. For manager information please put my contact information. This information is used by the move team as an alternate contact for questions regarding your churn. I will also need to get with you on whether or not you need to move any additional equipment other than the phone line for your group. Equipment will only be moved if the location you will be moving into does not have that particular equipment needed or if there is a business reason why the equipment must be moved. I realize the inconvenience this may cause and apologize in advance. Please leet me know if you have any questions or need any assistance with your churn. Thank you. Angie Collins 3-3347

Greg Piper would be your contact for this and you can reach Greg at 713-853-6161. Thanks, Joannie Robert Howe <rhowe@availant.com> on 03/19/2001 10:00:43 AM To: "'jeff.skilling@enron.com'" <jeff.skilling@enron.com> cc: Subject: Availant Jeff: In the March 2001 article of ecompany you recently made a statement about what " Keep's executives up at night?" You were quoted: " Keeping the system up. You dread the chance the system will crash. We had an air-conditioning problem last April or May, and we went down. The next day the front page of Gas Daily Journal had a story that said, ' gas trading stops because EnronOnline is down.' I work with Availant, a software company in Cambridge, MA and our product, Availant Manager, is "self healing" technology. It is proactive and autocorrective, designed to monitor key system resources and to take safe and effective action on an event before an outage ever occurs. Recently, Compaq decided to ship our software with every new Proliant server it delivers to its customers. It is brand-named Compaq Availability Agents. http://www.availant.com/home.html We believe our software could be of great value to Enron as the operation of your online business is so dependant on continuous server uptime. If you would, please let me know via email or phone the most convenient way in which to schedule a meeting with the team who runs your server operations. I can be reached directly at 617-374-7969. Thanks, Rob Robert Howe Availant 215 First Street Cambridge, MA 02142 (617) 374-7969 fax (617) 621-3959 rhowe@availant.com

Janie, Do you please have a deal number for the below deal with Kristann Shireman from EES 04/11/01 ? Your help is greatly appreciated ! Thanks, Ellen x54099 ---------------------- Forwarded by Ellen Wallumrod/NA/Enron on 05/11/2001 03:46 PM --------------------------- Judy Dyer@EES 05/10/2001 10:32 AM To: Ellen Wallumrod/NA/Enron@ENRON cc: Subject: Re: Need to purchase physical gas This is the deal with Janie Tholt we have been waiting for. This is the E-mail from her to our trader. Thanks ---------------------- Forwarded by Judy Dyer/HOU/EES on 05/10/2001 10:32 AM --------------------------- Kristann Shireman 05/10/2001 10:30 AM To: Judy Dyer/HOU/EES@EES cc: Subject: Re: Need to purchase physical gas ---------------------- Forwarded by Kristann Shireman/HOU/EES on 05/10/2001 10:29 AM --------------------------- Jane M Tholt@ECT 04/11/2001 10:25 AM To: Kristann Shireman/HOU/EES@EES cc: Subject: Re: Need to purchase physical gas San Juan Blanco May-Dec 2001-5000 /day +.02 Calendar 2002: 4800/day +.0225 Calendar 2003 500/day +.0225 Calendar 2004 175/day +.0225 Calenar 2005 250/day +.0225 Permian Basin/Keystone Calendar 2003 1300 /day +.03 Calendar 2004 +.03 Calendar 2005 +.03 Calendar 2006 +.03 Calendar 2007 +.03 Caelndar 2008 +.03 Calendar 2009 +.03 Calendar 2010 +.03 PGE Citygate June 2001-Oct 2001+.12 Nov 2001-Mar 2002 +.14 Calendar 2003 +.12 Calendar 2004 +.11 Calendar 2005 +.09 Calendar 2006 +.07 Calendar 2007 +.06 Calendar 2008 +.06 Calendar 2009 +.06 Calendar 2010 +.06 Jan 2011-Mar 2011 +.06 Socal Border-non Wheeler Ridge Cal Year 2006-2010 +.08

Brian and Glen, Based upon a review of the 1/21/00 draft of Motion for Extension of Procedural Schedule, Transwestern Pipeline Company does not wish to join as a party to the motion, and does not plan to oppose the motion. Sincerely, Susan Scott

Attached is a copy of the master netting assignments list that sets forth those that are signed and/or currently being worked on. As you can see, BP Amoco, Dynegy and Reliant have recently been executed. A master crude netting agreement has been signed with ConAgra. Liquid payments netting agreements have been signed with Coastal, Conoco, Morgan Stanley, Sunoco and Valero. Master Netting Agreements have previously been executed with PG&E, The New Power Company and Entergy-Koch Trading, LP. Let me know if you have any questions or need anything else. Marie x33907 -----Original Message----- From: Cook, Mary Sent: Wednesday, November 14, 2001 10:33 AM To: Heard, Marie Subject: FW: Master Netting Agreements Please let Melinda know. Don't forget to include PGE and New Power. -----Original Message----- From: Winn, Melinda Sent: Wednesday, November 14, 2001 10:25 AM To: Cook, Mary Cc: Ephross, Joel; Cash, Trey Subject: Master Netting Agreements Mary, could you tell me which parties have executed the agreements and which are currently in negotiation? Thanks, Melinda

Online college library and research firm slows pace, reduces staff by almost half Houston Chronicle, 05/09/01 Markets / Your Money Mixed Day Waiting for Fed's Act Wall St.: The Dow falls 51.66 points to 10,883.51, with Nasdaq rising 25.20 to 2,198.77. Long-term yields rise on below-par productivity report. Los Angeles Times, 05/09/01 JAPAN: Japan power market not fair for newcomers-Enron. Reuters English News Service, 05/09/01 Enron Official: Japan Needs Independent Power Regulator Dow Jones International News, 05/09/01 UK: INTERVIEW-U.S. Williams enters Europe energy markets. Reuters English News Service, 05/09/01 INDIA: Enron moves execs families out of India - paper. Reuters English News Service, 05/09/01 India: Dabhol: MSEB denies capacity underutilisation Business Line (The Hindu), 05/09/01 NO PRESSURE FROM INDIAN FEDERAL GOVT ON ENRON ISSUE: MSEB Asia Pulse, 05/09/01 MSEB ropes in HC judge as arbitrator The Economic Times, 05/09/01 SJM demands probe into Enron deal The Times of India, 05/09/01 Plans for more power from Uran unlikely: MSEB The Times of India, 05/09/01 Enron: Preparing for pull out? The Times of India, 05/09/01 Dabhol lenders willing to back PPA termination Business Standard, 05/09/01 Prize Petroleum eyes Enron stake in Panna, Mukta Business Standard, 05/09/01 May 9, 2001 Houston Chronicle Online college library and research firm slows pace, reduces staff by almost half By TOM FOWLER Copyright 2001 Houston Chronicle Questia Media laid off half of its work force Tuesday in an effort to reduce costs. The developer of an online library and research site for college students cut 139 jobs as it begins to slow down the pace at which books are added to the site. Founder Troy Williams said the company is finding it too hard to raise enough additional cash from investors to justify the pace at which it was adding books. "Customers have said they're generally satisfied with the number of books that are on the site right now, so it's a good time to slow down," Williams said of the 35,000 books currently available. "A significant number of our people were involved in that process." At one time, Questia employed more than 300 workers but cut back to about 280 in recent weeks. The layoffs will leave the staff at about 140. No senior vice presidents are leaving as part of the layoffs, but Williams said a number of vice presidents and director-level employees have been cut. Laid-off employees will receive eight weeks of pay and 60 days of benefits, Williams said. "We've tried to be as humane as we could about the whole thing," Williams said. Williams said Questia's layoffs are not a result of the company growing too large too fast. "It took that many people to launch the service," Williams said. "But since we're not digitizing books that quickly, we just don't need that many." Questia was started in 1998 by Williams with the backing of investors such as Compaq Computer Corp. co-founder Rod Canion and Enron Chairman Ken Lay. The company raised more than $135 million over the past two years to build an online searching and note-taking interface and so far has purchased the rights to digitize more than 60,000 books. The company charges students about $20 per month for unlimited access and pays publishers based on the number of page views their books get from students. The site went live in early January but had trouble attracting the number of subscribers the company originally hoped for. In early April, following an intense television ad blitz during the National Collegiate Athletic Association's men's basketball tournament, the company had slightly more than of 1,000 paying subscribers, sources close to the company say. Company officials always said building the subscriber base would be an expensive long-term project. Several adjustments in strategy over the 14 weeks since the service launched indicate the original plans weren't panning out. On-campus membership drives were shifted first from community colleges to a handful of large major universities, a television ad campaign was launched months earlier than expected, while an early mascot was pushed into the background in favor of a simpler marketing message. The changes in strategy appear to be paying off as subscribership has jumped significantly in recent weeks. Williams wouldn't discuss the numbers, but sources say that figure has topped 5,000. "We've had a fivefold increase in the number of paying subscribers in the past two weeks alone, which is a significant proof point in students' willingness to pay for such a service," Williams said. The company has offered the service free to nearly 100,000 students and faculty at four universities in recent weeks, an effort that is expected to bear fruit in new subscribers next fall. With current subscriber growth projections, he said the company is expected to have a positive cash flow in about 18 months. Questia is expected to close on another round of funding from a group of investors in several weeks. "We're very sanguine about the future," Williams said. "We have to buckle down over the summer. We're a very cyclical business, so we're not going to make great strides over the summer." Business; Financial Desk Markets / Your Money Mixed Day Waiting for Fed's Act Wall St.: The Dow falls 51.66 points to 10,883.51, with Nasdaq rising 25.20 to 2,198.77. Long-term yields rise on below-par productivity report. From Times Staff and Wire Reports 05/09/2001 Los Angeles Times Home Edition C-4 Copyright 2001 / The Times Mirror Company Key indexes finished mixed Tuesday but more stocks rose than fell as Wall Street struggled for direction ahead of the Federal Reserve's meeting next week. In the bond market short-term yields fell further, and long-term yields inched up after the government's disappointing report on first-quarter worker productivity. The Dow Jones industrials eased 51.66 points, or 0.5%, to 10,883.51, the fourth loss in five sessions, as the 11,000 mark again proves to be a barrier for the blue-chip index. But the Nasdaq composite index rose 25.20 points, or 1.2%, to 2,198.77 as semiconductor and computer networking stocks rose ahead of Cisco Systems' quarterly earnings report, released after regular trading ended. Cisco's operating results slightly beat estimates, but the company reported a massive net loss as it wrote down the value of excess inventory. Cisco shares, which rallied $1.13 to $20.38 in regular trading, fell to $19.90 in after-hours activity. In the broad market Tuesday, winners edged losers by 21 to 17 on Nasdaq and by 16 to 14 on the New York Stock Exchange. Trading volume was moderate. Some analysts were impressed by the market's strength, especially in the wake of the downbeat productivity report. The government said worker productivity fell at a 0.1% rate in the first quarter, the first decline in five years. The report, though not entirely unexpected, raised fears about inflationary pressures in the economy. Productivity gains had helped hold inflation to a minimum in the late 1990s. Long-term Treasury bond yields rose modestly Tuesday as traders registered their concern about inflation's trend. The 10-year T-note yield ended at 5.24%, up from 5.19% Monday. But shorter-term yields continued to slide as traders bet that the Fed, which meets Tuesday, will cut its key short-term lending rate for a fifth time this year. The six-month T-bill yield slid to a new two-year low of 3.69% from 3.72% Monday. Though the central bank may lower short-term rates further, the productivity report "increases the likelihood that the Fed will have to reverse course next year," raising rates to contain inflation, Henry Willmore, chief U.S. economist at Barclays Capital, told Bloomberg News. Among Tuesday's market highlights: * Financial stocks remained under pressure on concerns about loan losses and weaker borrowing in the struggling economy. American Express fell $1.93 to $41.30 after Morgan Stanley downgraded the stock. J.P. Morgan Chase fell $1.45 to $47.75, Bank One lost 94 cents to $37.46 and Northern Trust fell $1.49 to $64.71. * Chip stocks were strong, led by PMC-Sierra, up $4.79 to $44.10; Vitesse Semiconductor, up $2.60 to $36.25; and Broadcom, up $2.24 to $44.53. But among personal computer stocks, Dell lost $1.08 to $24.83 after announcing new job cuts. Dell rival Compaq fell 27 cents to $16.83 and Apple Computer eased 39 cents to $24.57. * Among blue chips, 3M fell $1.54 to $116.36. Chief Executive James McNerney said at 3M's annual meeting that there are "no signs" the global economy will turn around any time soon. * Utility and energy-trading stocks were weak. Enron fell $1.93 to $56.11, Orion Power lost $1.04 to $28.76 and NRG Energy fell $1.64 to $31.07. * Market Roundup: C7, C8 GRAPHIC-CHART: Daily Diary: Tuesday, May 8, 2001; Copyright , 2000 Dow Jones & Company, Inc. All Rights Reserved. JAPAN: Japan power market not fair for newcomers-Enron. 05/09/2001 Reuters English News Service (C) Reuters Limited 2001. TOKYO, May 9 (Reuters) - U.S. energy giant Enron Corp said on Wednesday that Japan's newly deregulated power market lacked competition and contained barriers that were deterring new entrants. "There's no real competition in the power market," Nicholas J.O'Day, vice president of Enron Japan Corp told reporters. A number of unnecessary regulations, the high costs of the transmission network and other factors have thwarted attempts by newcomers to enter the power market, he said, adding that more reforms were needed. New entrants have to borrow the transmission network system from power utilities when they try to enter the market, but it was hard to judge whether the transmission fees reflect real costs, he said. Since March last year, non-utility firms have been allowed to begin supplying power to large-lot commercial users, ending a monopoly by Japan's 10 power utilities. The move was aimed at lowering electricity rates, which are much higher than in most Western economies. Yet the ratio of newcomers in the power market now stands at at only 0.2 percent of the total. Enron also said that it would be necessary for Japan to set up an independent regulator to promote more competition in the power market. "It's OK if the Ministry of Economy, Trade and Industry (METT) could act as a regulator," he said, but added that METI's traditional relationship with power utilities may prevent it from being a fair regulator. Enron, North America's biggest buyer and seller of electricity, set up its first joint venture in Japan in 1999, named "E Power". Enron Japan itself was set up last May. In March, Enron presented plans to build a liquefied natural gas (LNG) fired power plant in northern Japan, aiming to become the first foreign company to build such a plant in Japan. Copyright , 2000 Dow Jones & Company, Inc. All Rights Reserved. Enron Official: Japan Needs Independent Power Regulator 05/09/2001 Dow Jones International News (Copyright (c) 2001, Dow Jones & Company, Inc.) TOKYO -(Dow Jones)- Japan's power industry needs a strong independent regulator in order to become truly competitive, an Enron Japan Corp. official said Wednesday. "Japan is in a new global environment now. It requires new structures for its economy," said Nicholas J. O'Day, vice president at Enron Japan, a wholly-owned subsidiary of the Houston-based Enron Corp. (ENE). While he said that the existing Ministry of Economy, Trade and Industry might rise to fill the role, he expressed concerns that the ministry would be able to serve an impartial role given the historical relationship between it and the incumbent utilities. That relationship might make it difficult for the ministry to objectively treat new entrants to the power field, he said. Launched in April 2000, Enron Japan is focusing its business on areas such as electricity trading and marketing, and trading in weather derivatives, nonferrous metals and financial products. It has also said it plans to introduce broadband services in Japan. "Contrary to popular belief, Enron is not out to destroy the existing Japan utilities," O'Day said. Rather, he said, Enron maintains that increased liquidity is a vital factor to bring about a competitive environment. Enron is basing its conclusions on a report by U.S.-based Brattle Group, O'Day said. The consultancy was commissioned by Enron to assess the state of Japan's power industry and make suggestions for reform. The Brattle report will be released May 15 at an Enron co-sponsored seminar in Tokyo called, "Reassessing Power Deregulation." Copyright , 2000 Dow Jones & Company, Inc. All Rights Reserved. UK: INTERVIEW-U.S. Williams enters Europe energy markets. By Stuart Penson 05/09/2001 Reuters English News Service (C) Reuters Limited 2001. LONDON, May 9 (Reuters) - U.S. energy company Williams is gearing up for a push into Europe's deregulating gas and power markets where it will focus on trying to sell its expertise in trading and risk management to local utilities. Williams will launch a European operation in London next week with an initial staff of 25 trading energy in the UK, German, Scandinavia and the Benelux region, the London unit's managing director told Reuters in an interview on Tuesday. "The majority of our business will be around structured transactions to assist utilities in maximising the value of their assets," said Tim Loposer. Williams in Europe would at a later stage expand into trading crude oil and refined products, he said. GROWING BAND OF U.S. TRADERS IN EUROPE Williams is the latest addition to a growing band of U.S. energy companies setting up offices in London, a location they see as the ideal base from which to tap into Europe's potentially lucrative energy markets. Free trading in gas and power is gaining momentum across the European Union as markets open up to competition in line with EU directives on liberalisation. UBS Warburg in a recent report estimated profits from gas and power trading this year in Europe would amount to $1.9 billion, rising to $2.4 billion next year. Companies such as El Paso Energy , Duke Energy , ENRON AEP and TXU Europe are already building trading books in the UK and mainland Europe. "We are trying to differentiate ourselves from the other U.S. companies that have come to Europe," said Loposer. "We are not just a trader and we are not a utility, or a significant owner of generation," he said. Unlike some of its U.S. rivals, Williams was not planning to acquire physical assets, such as power stations, in Europe, said Loposer. "What we are looking for are incumbent utilities which are looking for a partner to help extract value from their assets," he said. "We take care of the physical commodity risk as well as the financial risks, we are very comfortable doing this," said Loposer, adding the strategy in Europe essentially would mirror the company's approach in the U.S. Williams approach will be based on the use of structured deals, or combinations of different trading tools like futures and options. Loposer said the company also would look to bring to Europe experience from the U.S. market of tolling deals, which involve delivering fuel to power stations and then marketing the power generated. SOUTHERN EUROPE AN EARLY TARGET Loposer said his team already was targeting Spain and Italy in its search for risk management contracts. "We are very close to some announcements, there are three or four deals that may come through," he said. "Clearly southern Europe has strong growth," said Loposer. "The divestments are happening there and the fundamentals are fairly strong. That said, we have learned that things can change overnight," he added. Copyright , 2000 Dow Jones & Company, Inc. All Rights Reserved. INDIA: Enron moves execs families out of India - paper. 05/09/2001 Reuters English News Service (C) Reuters Limited 2001. BOMBAY, May 9 (Reuters) - Families of executives overseeing U.S. energy giant Enron Corp's troubled Dabhol Power Company (DPC) project in India are leaving the country, possibly signalling an intention to terminate the nearly complete $2.9 billion project, an India newspaper said on Wednesday. The Times of India said the children of Enron executives had been pulled out of the American School in Bombay as their families were being relocated to Singapore. It also said security around the expatriate executives had been tightened, and personal bodyguards assigned to senior executives. But the unsourced report said it was not clear if the decision to move the families out of Bombay was made by Houston-based Enron, or reflected personal decisions made by the executives themselves. A spokesman for Dabhol Power Co, the operator of the nearly complete 2,184 MW power plant south of Bombay, told Reuters it was company policy not to comment on administrative and personnel matters. The newspaper said security had been tightened because "there is likely to be a tremendous backlash against representatives of the U.S.-based energy company" if the project was terminated. It said "more than 15,000 jobs in Dabhol will be lost if a decision is taken either to terminate the project or stop construction on Phase II". The project is mired in controversy after the Maharashtra State Electricity Board (MSEB) reneged on its commitment to buy all the power produced by the giant plant, saying it is too costly. MSEB has also defaulted on monthly payments to DPC for the electricity it has taken, forcing the company's board last month to authorise the management to terminate the contract. Copyright , 2000 Dow Jones & Company, Inc. All Rights Reserved. India: Dabhol: MSEB denies capacity underutilisation 05/09/2001 Business Line (The Hindu) Copyright (C) 2001 Kasturi & Sons Ltd (KSL); Source: World Reporter (TM) - Asia Intelligence Wire MUMBAI, May 8. OFFICIALS of the Maharashtra State Electricity Board (MSEB), in a presentation made before the Maharashtra Electricity Regulatory Commission (MERC), today refuted claims that the board underutilised its own capacity to justify power purchase from Enron's Dabhol Power Company. Members of Prayas, a non-government organisation, in a petition filed with MERC, had accused MSEB of flouting merit order dispatch of load shedding to justify DPC phase II. They had also said the State would have 2000 MW of excess power if hydro power was fully utilised and MSEB's Uran plant was used at full capacity. MSEB officials explained that the board could not use hydro electricity beyond its current capacity. "DPC power was drawn by and large to remedy low frequency conditions as the supply from other sources was not sufficient," a senior MSEB official said in his presentation. The officials said the Uran plant was being underutilised due to lack of LNG availability. The use of furnace oil as feedstock would cost the board Rs 16,000 per tonne, resulting in per unit costs of Rs 4, the official said. The board was already making optimum use of its thermal power capacity. According to an official, 95 per cent of DPC power was used to sustain frequency as per the Indian Electricity Grid Code. "Load shedding has always been carried out in consultation with the Western Regional Load Dispatch Centre," he said. - Our Bureau Copyright , 2000 Dow Jones & Company, Inc. All Rights Reserved. NO PRESSURE FROM INDIAN FEDERAL GOVT ON ENRON ISSUE: MSEB 05/09/2001 Asia Pulse (c) Copyright 2001 Asia Pulse PTE Ltd. NEW DELHI, May 9 Asia Pulse - The Maharashtra State Electricity Board (MSEB) has said that there is no pressure from the federal government on the state government to continue its agreement with US energy giant Enron-promoted Dabhol Power Company (DPC). MSEB in a letter to the federal governemt denied news reports which suggested that that the deal with Enron could have been scrapped by the state government but for "pressure" from the federal government. (PTI) 09-05 1657 Copyright , 2000 Dow Jones & Company, Inc. All Rights Reserved. MSEB ropes in HC judge as arbitrator 05/09/2001 The Economic Times Copyright (C) 2001 The Economic Times; Source: World Reporter (TM) THE MSEB on Tuesday appointed a former Bombay High Court judge ML Pendse as its arbitrator, reports Girish Kuber in Mumbai. The formal announcement about Mr Pendses appointment is expected by Wednesday. Enron already has appointed its arbitrator. According to government sources once the two parties complete their formalities for appointing an arbitrator, the case will be tried in London. According to the PPA the dispute resolution clause states that disputes should be referred to an expert for technical matters. And in other cases, the resolution should be by reference to arbitration to be conducted under the New York Convention of 1958 and to be located in London. MSEB had delayed the monthly payments of electricity bills from October last year and subsequently defaulted on payments, claiming that the cost of power produced by DPC was exorbitant. It also slapped two penalty bills of around Rs 800 crore on Enron for failing to generate electricity within the stipulated time period of three hours. Enron subsequently has invoked state guarantees, counter-guarantees and political force majeure, and then went on to invoke the arbitration clause. Meanwhile, the Madhav Godbole panel is yet to receive the names of the members of Enrons lenders and share holders who will be attending the first meeting with the state government panel on May 11. The Godbole panel has been appointed with a mandate to renegotiate the PPA with DPC. Though Enron has accepted the invitation, it has made it clear that it is meeting the panel as a courtesy and it should not seen as its willingness to renegotiate the PPA. Copyright , 2000 Dow Jones & Company, Inc. All Rights Reserved. SJM demands probe into Enron deal The Times of India News Service 05/09/2001 The Times of India Copyright (C) 2001 The Times of India; Source: World Reporter (TM) The Swadeshi Jagran Manch (SJM), an arm of the RSS, has demanded a judicial probe into the Enron deal, while investigating the role of politicians and bureaucrats in the controversy-ridden power project. Ramesh Seth, convener of SJM, Mumbai and Anil Gachke, convener of SJM's national action group on power, have alleged that while examining the feasibility of the project, inflated and fabricated figures of demand for power were given by those in power. When pointed out that this would mean an examination of leaders like Gopinath Munde, Sharad Pawar and Balasaheb Thackeray, Gachke said that a probe should be instituted irrespective of political affiliations. Gachke said the SJM would not budge from their stand of cancellation of the deal. Seth, a qualified engineer, had predicted on behalf of the Manch that Enron power would cost Rs seven per unit in 1996, which was way higher than the actual cost of power. To make people aware of the issue, they have organised a seminar 'Enron -review and thereafter', which will be held today at Ghia Hall, Kala Ghoda at 2 pm. Copyright , 2000 Dow Jones & Company, Inc. All Rights Reserved. Plans for more power from Uran unlikely: MSEB Business Times Bureau 05/09/2001 The Times of India Copyright (C) 2001 The Times of India; Source: World Reporter (TM) MUMBAI: The Maharashtra State Electricity Board has stated to the Maharashtra Electricity Regulatory Commission (MERC) that MSEB's plans to generate more power from its idle Uran plant in order to avoid expensive Dabhol power, are unlikely to materialise due to the high costs involved. In a hearing that took place on Tuesday, against a petition filed by SR Paranjpe, MSEB officials made it clear to the Commission that it has to pay Rs 16,000 per tonne for furnace oil to Rashtriya Chemicals & Fertilisers (RCF) which makes the power costlier from Uran. This was because as per the plans worked out by the Union ministry of petroleum and natural gas, MSEB can avail of additional natural gas from GAIL by diverting the gas allocated to RCF. In turn, the Board is expected to pay up the differential price to RCF. But MSEB, in its reply to a question during the hearing, stated that fuel (furnace oil) for RCF costs Rs 16,000 per tonne and if the differential price is to be borne by it, then the cost of power generated from the Uran plant will be over Rs 4 per unit. This, the Board claims, will make it an unviable proposal to be implemented. However, the petitioner has challenged this claim made by MSEB and MERC has asked to present written submissions before the Commission this week. MSEB's Uran plant has a capacity of 913 MW, but only around 300 MW is being generated due to lack of natural gas. This arrangement, initiated by the ministry to offer more natural gas to MSEB, follows a representation made by CM Vilasrao Deshmukh last month. Currently, MSEB has been allocated only 1.6 mmtpa natural gas from GAIL since the output from ONGC's Bombay High has depreciated in the recent past, said sources. Union petroleum minister Ram Naik had earlier announced that the ministry would take all efforts to allocate more natural gas to Uran. The petition had challenged that MSEB had violated the merit order despatch and purchased more power from Enron violating the limits set by MERC in its May 5 order. The Commission will issue an order soon after the petitioners submit their affidavits responding to MSEB's reply to the charges made against them. Copyright , 2000 Dow Jones & Company, Inc. All Rights Reserved. Enron: Preparing for pull out? Pradipta Bagchi 05/09/2001 The Times of India Copyright (C) 2001 The Times of India; Source: World Reporter (TM) MUMBAI: Is Enron preparing to pull out of India? Officially, the answer's ``no''. But in a significant move, the families of the expatriate executives working in its subsidiary, the Dabhol Power Company (DPC), have been shifted out of Mumbai and relocated to Singapore. In addition, the security cover for expatriate executives working in DPC has been tightened, including personal bodyguards for senior executives. According to sources, the families have been shifted from Mumbai and the children of these executives studying in the American School in Bandra-Kurla have been pulled out. An American School spokesperson refused to comment when asked about this. An Enron spokesperson, when contacted, also declined to comment. "It is our corporate policy not to comment on personnel and administrative matters," he said. It is not clear if the decision to move the families out of Mumbai was taken at the corporate level in DPC or whether the decision has been a personal one taken by the expatriate executives themselves. About 15 expatriate officials are working in DPC as part of the management and operations team. According to the sources, uncertainty over the fate of the $2 billion project has led Enron's expatriate executives to move their families out of Mumbai. This is because in the event of the power project being terminated in the next few weeks, expatriate officials feel that there is likely to be a tremendous backlash against representatives of the US-based energy company. Over 15,000 jobs in Dabhol will be lost if a decision is taken either to terminate the project or to stop construction work on phase II of the DPC project. The security around the expatriate officials still working to salvage the project in Mumbai has been tightened. In addition, some of the senior DPC officials have been allocated security personnel to act as their bodyguards. The Enron spokesperson said that the company had just moved its premises to a new building in the Bandra-Kurla complex and the security needs of the company have changed. "We have no extra security than is absolutely necessary", he maintained. It is unclear what will be the fate of the project, with Kenneth Lay, the chairman of Enron Corp, using his veto power to dissuade the Enron board from terminating the project earlier this week. A team of Enron executives is scheduled to meet the government next week to discuss the reccommendations of the Godbole Committee, set up to review the power purchase agreement by the Maharashtra government. Copyright , 2000 Dow Jones & Company, Inc. All Rights Reserved. Dabhol lenders willing to back PPA termination Our Banking Bureau Mumbai 05/09/2001 Business Standard 1 Copyright (c) Business Standard The Maharashtra government's tough stance, combined with the Centre's silence on honouring its counter-guarantee for December last year which has been invoked by the Dabhol Power Company, has left the lenders to the project with no choice but to say yes to DPC's plan of serving the power purchase agreement termination notice. "If the governments (Centre and state) do not come forward to resolve the crisis, it will be difficult for the lenders to convince the company to keep the decision of terminating the PPA in abeyance. We had got a three-week reprieve and we will not be in a position to stretch it further," said a source among the lenders. The deadline expires on May 15. At the DPC board meeting in London in the last week of April, the resolution on PPA termination was passed by a 7:1 vote. The lone voice of dissent was that of the representative of the Industrial Development Bank of India on the DPC board. The three Maharashtra State Electricity Board representatives were not allowed to vote since they were an interested party. "At best, the lender's representative will abstain from voting at the next meeting. We have no moral rights to oppose the move," said another source. The only positive development for which the lenders can claim credit for is MSEB's payment of Rs 134 crore, that too, under protest. "The escrow account with Canara Bank has not yet been activated. A string of clearances has been pending with the state government. The Centre is also not willing to honour its counter-guarantee. The lenders have not been able to achieve any thing," sources added. DPC had invoked the political force majeure clause in its contract with the board. MSEB is now arguing that the invocation of this clause has absolved DPC of all its liabilities. The DPC board authorised the managing director of Enron India to issue a notice for terminating the power purchase agreement to MSEB and the state government. Serving of the notice requires backing of the lenders who have an exposure of about $200 crore in the project. Copyright , 2000 Dow Jones & Company, Inc. All Rights Reserved. Prize Petroleum eyes Enron stake in Panna, Mukta Sidhartha New Delhi 05/09/2001 Business Standard 1 Copyright (c) Business Standard Prize Petroleum Company Ltd has decided to enter the oil and gas production sector by trying to acquire the 30 per cent Enron equity in the Panna, Mukta and Tapti fields in western offshore and has valued Enron's equity at around Rs 600 crore. Prize Petroleum, in which Hindustan Petroleum Corporation Ltd (HPCL) holds 50 per cent equity, will invest Rs 1,900 crore in the project. Of this, Rs 1,300 crore will be the debt component and the balance will be in the form of equity. Prize Petroleum, in which ICICI has 45 per cent stake and HDFC 5 per cent, is in talks with a number of banks to raise the debt portion of the investment. Sources told Business Standard that a substantial portion of the debt has already been finalised and the balance is expected to be clinched shortly. This will be Prize Petroleum's maiden foray into the oil sector. Its promoters had decided to go in for only the discovered fields where risks are low. As a result, it refrained from participating in the two rounds of exploration acreage offered under the new exploration licensing policy. Of late, Enron has been uncomfortable operating the three offshore fields which had been awarded to the Enron-Reliance consortium in 1995. Late last year, it announced its intention to pull out of the project and invited bids to farm out its portion of the equity. The award of the three fields to the consortium was the subject of prolonged controversies, both inside and outside Parliament. It was ultimately cleared by the Supreme Court when the apex court rejected a public interest litigation against the award. An estimated $696 million has been spent on the development of Panna and Mukta. It is learnt that the consortium has put up three well-head platforms in the two fields which are estimated to have 146 million barrels of oil reserves. Tapti is primarily a gas field. ONGC holds 40 per cent stake in this project with Reliance and Enron holding 30 per cent equity each. Copyright , 2000 Dow Jones & Company, Inc. All Rights Reserved.

Good Morning Sara, Here is Annex II. Please advise if you think we will be able to send out the confirmation today. Sheila Glover is applying the pressure on me to resolve this as quickly as possible. Thanks again for all of your help!! Regards, Jorge

I'm not exactly sure where the spreadsheet on our site comes from. Our preference is to keep everything in our SQL Server database, and many of the people that you mentioned have read access to that. When Julie Sarnowski gets back from vacation next week, let's talk about uploading these data to the server and providing a central facility for the floor. Tim Kate Symes 02/21/2001 03:19 PM To: Tim Heizenrader/PDX/ECT@ECT cc: Cara Semperger/PDX/ECT@ECT Subject: Dow Jones Index Prices - Database Access I'd like to inquire about the Dow Jones index price database currently being maintained by the Fundamentals group. It's come to my attention - by virtue of the fact that I receive the Dow Jones data each afternoon - that several people are interested in having access to those figures. I've had requests from mid-marketing, trading, and scheduling, and am working with IT to put the NP-15 and SP-15 data online. Cara Semperger, in particular, relies on the index prices in order to run one of her reports. I'm wondering if it would be possible to give these people access to your database, or maybe if your group would benefit from the data I receive. Your spreadsheet looks like a compilation of the documents I receive from Dow Jones, and one might be more useful for an individual or group than the other. I don't have a preference either way - I'm more than happy to compile the reports in a separate folder. Please let me know what works best for you. (I sit in the middle of the room between Tracy Ngo and Val Sabo.) Thanks, Kate

i am in, we had a great time. -----Original Message----- From: Thames, Davis Sent: Tuesday, November 27, 2001 1:27 PM To: Mckay, Brad Subject: conf call thursday 4:45p. let me know if you have a conflict, there will be a callin number. hope your thanksgiving went well, we had a great trip to all the parent's farms. pretty ridiculous. hdt

Megan, I have created deal 514353 to capture the $.04 agency fee for the Tenaska deal. This deal will have zero volume and zero commodity price with a demand charge of $.04 on 45,000/day. Since there is no volume, Mark McCoy will be scheduling this deal as a zero nom. Hopefully, this will allow the demand charge to flow through the system. Let me know if you don't see this happening. For Sep and Oct, you will need to get someone in Volume Management to create an accounting arrangement for this deal (pathed to the imbalance pool). When actuals come in, you can give me the volumes and I will change the demand charge. I took the demand charge off of the sale ticket (#384258). D

No. 94 Tuesday May 15, 2001 Page A-17 ISSN 1523-567X Regulation, Law & Economics Futures Trading Exchanges Note Plans for Launch Of E-Based Single Stock Futures Market CHICAGO--The leaders of Chicago's two futures exchanges and the world's largest options exchange unveiled plans May 14 to launch an electronic single-stock futures exchange. Senior executives of the Chicago Mercantile Exchange Inc., the Chicago Board of Trade, and the Chicago Board Options Exchange said they signed a letter of intent to develop the first domestic single-stock futures exchange. The Nasdaq and the London International Financial Futures and Options Exchange announced a single-stock futures venture in March. Ban Lifted on Single-Stock Trading Plans for the exchange come six months after futures laws were reformed to permit U.S. exchanges to trade single-stock futures. Last December, the Commodity Futures Modernization Act of 2000 was enacted, lifting a prohibition on such transactions for the first time in more than 18 years. During a briefing with reporters, exchange executives said the CME and CBOE would be the two primary partners in the joint venture. Each of the exchanges would own 45 percent of the new entity. The CBT would own the remaining 10 percent of the exchange. By their coming together in an unusual spirit of cooperation, the exchange officials said, they hoped the as yet unnamed venture would restore Chicago's position as the world leader in futures trading. "This exciting new initiative combines the best of securities and futures trading," said William Brodsky, CBOE chairman and chief executive officer. "Our willingness to work together on this venture will ensure that Chicago remains the world's center in derivatives trading and risk management." Approval of Boards, Regulators Needed The exchanges said the new entity would be structured as a for-profit company with its own management and board of directors. The company would be organized separately from the three Chicago exchanges. The proposal still must gain the approval of the boards of directors of the three exchanges and federal regulators. Exchange officials said they were still uncertain whether the Securities and Exchange Commission or the Commodity Futures Trading Commission would be the primary regulator of the new exchange. Exchange officials stressed that the trading activity would be available only on an electronic basis. Market participants would be able to access the trading via the CME's Globex2 and CBOE's CBOEdirect electronic trading platforms. Exchange officials said they hope to offer principal-to-principal trading by Aug. 21 and retail trading by Dec. 21. By Michael Bologna Copyright , 2001 by The Bureau of National Affairs, Inc., Washington D.C.

[IMAGE] Registertoday at Worldenergyonline and receive $300 off any of The Center for Business Intelligence's (CBI)?Energy Conferences.? ?[IMAGE] ?Find the Following and much more at Worldenergyonline: [IMAGE] All new?products from the Tata Energy Research Institute?are now available including: TERIInformation Digest on Energy and Pacific and Asian Journal of? Energy Click to view description ********You Will Also Find******** Energy related reports and materialsfrom leading publishers in the energy industry like: ?[IMAGE]?and ? [IMAGE] Plus ?Restructuring Today's Top CEO Interviewsof 2000:? A collection of the views, insights and plans of some of the most important leaders of America's newest and largest industry -- the converging energy and communications market ?Comprehensive information regarding energy events ?Job section with free job postings and a NEWPost Resume feature ?Linksto your favorite energy sites, publications, and associations ? ?To unsubscribe to this newsletter please send a message to info@worldenergyonline.comwith unsubscribe in the subject line ?Worldenergyonline: http://www.worldenergyonline.com ? If you received this e-mail in error or would like to be removed, PLEASE CLICK HERE 0001026033

I am very interested and I will be available at any time for training. JMF -----Original Message----- From: May, Tom Sent: Thursday, June 21, 2001 7:32 PM To: Forney, John M.; Coulter, Kayne; Miller, Jeffrey; Hernandez, Juan; Baughman Jr., Don; Comeaux, Keith; Day, Smith L.; Thomas, Paul D. Cc: Cunningham, Lance; Will, Lloyd Subject: FW: Power World Training Folks, Please let Lance and myself know if any of you are interested in attending the Power World training. Power World provides visual representation of an optimal power flow model that can help make decisions regarding potential TLR's and price impacts of congestion. We have the program now and the intent is to make more use of it over the next few months and as RTO's and congestion pricing becomes more prevalent. Thanks, Tom. -----Original Message----- From: Cunningham, Lance Sent: Thursday, June 21, 2001 5:37 PM To: Imai, Rika; Soykok, Gulay; Gilbert-smith, Doug; Hanse, Patrick; Rust, Bill; Coffer, Walter; Kraszewski, Robert; Lin, Martin; Kohli, Sandeep; Halliburton, Tom; Will, Lloyd; May, Tom; Yaman, Sevil; Huang, Alex; Shanbhogue, Vasant Subject: Power World Training Power World will be in next week to conduct training. We plan to begin at 11:00 AM on Wednesday (6/27) and end about 6:00 PM, to accommodate the trading floor's schedule. On Thursday (6/28), we will begin at 11:00 AM and end about 4:00 PM. All participants will need to have a laptop and an external mouse. I will get back to everyone on the room number later. Lance B. Cunningham, P.E. Enron Wholesale Services, Research 1400 Smith Street Houston, TX 77002-7361 (713) 345-4186 FAX (713) 646-2503

---------------------- Forwarded by Dawn C Kenne/HOU/ECT on 01/30/2001 08:03 AM --------------------------- From: Torrey Moorer on 01/30/2001 07:56 AM To: Dawn C Kenne/HOU/ECT@ECT, Peter Berzins/NA/Enron@Enron, Matt Motsinger/HOU/ECT@ECT, Simone La Rose/HOU/ECT@ECT, Adam Johnson/NA/Enron@Enron, Tara Sweitzer/HOU/ECT@ECT cc: Subject: Fw: If Texans didn't think this way... this would be funny!!!! ---------------------- Forwarded by Torrey Moorer/HOU/ECT on 01/30/2001 08:01 AM --------------------------- Jim & Tracey <lawstar@swbell.net> on 01/29/2001 05:40:50 PM To: Torrey.Moorer@enron.com, Malcolm Guidry <mamosi.guidry@prodigy.net>, Kilraven19@aol.com, CMcgalin@aol.com, "BAKER, ERIN R" <EBAKER@entergy.com> cc: Subject: Fw: If Texans didn't think this way... this would be funny!!!! ----- Original Message ----- From: Aleta Nash <anash@spnbl.com> To: Carol Foster <cfoster.GWPO.SPNBL_GWDOMAIN@spnbl.com>; Doneane Beckcom <dbeckcom.GWPO.SPNBL_GWDOMAIN@spnbl.com>; Dana Overstreet <doverstreet.GWPO.SPNBL_GWDOMAIN@spnbl.com>; Michelle Pitts <mpitts.GWPO.SPNBL_GWDOMAIN@spnbl.com> Sent: Monday, January 29, 2001 4:54 PM Subject: If Texans didn't think this way... this would be funny!!!! Foreigner's Travel Guide to Texas > > > Like it or not, the new Texas White House will be in Crawford, Texas and > soon will be drawing a number of people to the state, including many who > are not used to Texas ways. They might find the following advice useful. > > > 1) Don't expect to find filet mignon or pasta primavera at the local > restaurant. It's a cafe. They serve hamburgers and chicken fried steak. Let > them cook something they know. If you confuse them, they'll kick your ass. > > > 2) Don't laugh at the names (Merleen, Bodie, Bubba, Bobby Ray, Curley, Tammy > Lynn, Billy Joe, Sissy, Clovis, etc.). Or we will HAVE to kick your ass. > > > 3) Don't order a bottle of pop or a can of soda. In Texas it's called a > coke. Nobody gives a damn whether it's Pepsi, RC, Dr. Pepper, 7-Up or > whatever - it's still a coke. Accept it. Doing otherwise can lead to an ass > kicking. > > > 4) We know our heritage. Most of us are more literate than you (read some J. > Frank Dobie). We are also better educated and generally a lot nicer than > you. Don't refer to us as a bunch of cowboy hicks, or we'll kick your ass. > > > 5) We have plenty of business sense (e.g., Howard Hughes, H. Ross Perot, > Southwest Airlines, Dell computers). Naturally, sometimes we have small > lapses in judgment (e.g., Phil Gramm). However, we are not dumb enough to > let someone move to our state just so they can run for the US Senate. If > anyone tried to do that they would get a serious ass kickin'. > > > 6a) Don't laugh at our Civil War monuments. If Lee had listened to Gen. Hood > you'd be paying taxes to Richmond instead of Washington. > > > 6b) IF you visit the Alamo, take your hat off and be properly humble, or > we'll kick your ass. > > > 7) We are fully aware of how hot it gets and high the humidity is, so shut > up about it. If you can't stand the heat get out of the kitchen, or we'll > kick your ass. > > > 8a) Do not attempt to eat tamales without first removing their corn husk > casing. Everyone will instantly know that you're a Yankee. > > > 8b) DO NOT, under any circumstances, complain that the chili is TOO hot or > contains no kidney beans, this will get your ass kicked into next week. > > > 9) Don't talk about how much better things are at home because we know they > are not. Many of us have visited Northern hell-holes like Detroit, Chicago, > and DC, and we have the scars to prove it. If you don't like it here, Delta > is ready when you are. Move your ass on home - before we kick it. > > > 10) Yes, we know how to speak proper English. We talk this way because we > don't want to sound like you. We don't care if you don't understand what we > are saying. All other Texans understand what we are saying and that's all > that matters. Now, go away, or we'll kick your ass. > > > 11) Don't complain that certain areas of this state "smell" of oil. If > your livelihood depended on those wells you'd soon learn to love the aroma. > Besides, None of OUR lakes or rivers have caught fire recently. If you > whine about OUR scenic beauty, we'll kick your ass all the way back to > Pittsburgh, PA. > > > 12) Don't ridicule our Texas manners. We say sir and ma'am. We hold doors > open for others. We offer our seats to old folks. Such things are expected > of civilized people. Behave yourselves around our sweet little gray-haired > grandmothers, or they'll kick your ass -- just like they did ours. > > > 13) Don't think we're quaint or losers because most of us live in small > towns. We do this because we have enough sense to not live in crime > infested cesspools like Baltimore. Make fun of our small towns and we'll > kick your ass. > > > 14) DO NOT DARE to tell us how to cook barbecue. This will get your ass > shot (right after it is kicked). Criticize the barbecue and you may go home > in a pine box -- minus your ass. > > > 15) Remember, the only reason you are lucky enough to be here in the first > place is because we have not pulled the Border Patrol off the Rio Grande and > put them on the Red River (where they really belong) to keep your ass out. > > > 16) Enjoy your visit.

Could you teach my brother how to use his e-mail? Thanx Dorland

Ken, Please, watch out. Vince ---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 05/07/2001 03:21 PM --------------------------- jgshelp <jgshelp@rice.edu> (by way of Suzana Gamez-Vazquez <ramos on 05/07/2001 02:22:35 PM To: (Recipient list suppressed) cc: Subject: Fwd: VIRUS WARNING from Rice Network Management URGENT MESSAGE FROM IT STAFF: --------------------------- Peggy's machine could have been infected.? DO NOT open any email attachment from her or ??????????????? Yuxing Yao <yyao@RICE.EDU> ??????????????????????? and ??????????? Chemistry <chem@RICE.EDU> X-From_: pshaw@rice.edu Mon May? 7 10:20 CDT 2001 X-Sender: pshaw@sparta.rice.edu X-Mailer: QUALCOMM Windows Eudora Version 5.0.2 Date: Mon, 07 May 2001 10:22:05 -0500 To: jgshelp@rice.edu From: Peggy Shaw <pshaw@rice.edu> Subject: Fwd: VIRUS WARNING from Rice Network Management I stupidly open one of the files mentioned below. Could someone come down and check out my computer. Peggy X-From_: owner-libstaff@listserv.rice.edu? Mon May? 7 09:54:19 2001 Delivered-To: pshaw@sparta.rice.edu X-foo-then-bar-then: baz Date:???????? Mon, 7 May 2001 09:53:39 -0500 Reply-To: Glenn Forbes Fleming Larratt <glratt@rice.edu> Sender: Fondren Library Staff Information <LIBSTAFF@listserv.rice.edu> Comments:???? To: alldepts@rice.edu From: Glenn Forbes Fleming Larratt <glratt@rice.edu> Subject:????? VIRUS WARNING from Rice Network Management X-To:???????? ALLDEPTS@listserv.rice.edu To: LIBSTAFF@listserv.rice.edu Two messages distributed via the ALLDEPTS mailing list in the last two hours have contained virus-infected attachments, probably because of mail-oriented virus rather than any knowing behavior on the part of the nominal senders. Please delete *unread* the messages from ??????? Yuxing Yao <yyao@RICE.EDU> and ??????? Chemistry <chem@RICE.EDU> . As an emergency measure, our mailing list software has been configured to prohibit e-mail with attachments from being distributed. If you have inadvertently opened one of the infected files, please consult your local IT divisional support or the Consulting Center at x4983 as soon as possible. As always: *never* open attachments unless your virus protection is up-to-date, and you're 100% sure that the attachment is what it appears to be. ??????????????????????????????? Glenn Forbes Fleming Larratt ??????????????????????????????? Rice University Network Management ??????????????????????????????? glratt@rice.edu

Alla, Thanks for the presentation. I opened it without any problems. Vince "Gil, Alla" <alla.gil@ssmb.com> on 06/19/2000 01:21:30 PM To: "'Vince J Kaminski'" <Vince.J.Kaminski@enron.com> cc: "Kulick, Adam" <adam.kulick@ssmb.com> Subject: RE: Your presentation Vince, I'm very happy you found the presentation useful. I'm working very closely with Adam Kulick who you probably know. Please let me know if you have any questions or if you have any difficulty opening the file. Best regards, Alla -----Original Message----- From: Vince J Kaminski [mailto:Vince.J.Kaminski@enron.com] Sent: Monday, June 19, 2000 1:43 PM To: Gil, Alla Cc: Vince J Kaminski Subject: Your presentation Alla, I enjoyed your presentation at Risk2000 last week. I would appreciate an electronic copy of the documentation. Vince Kaminski Vincent Kaminski Managing Director - Research Enron Corp. 1400 Smith Street Room EB1962 Houston, TX 77002-7361 Phone: (713) 853 3848 Fax : (713) 646 2503 E-mail: vkamins@enron.com - RiskCongress.ppt

This is what I was calling about this morning - please advise if you will be able to assist Ian with regard to this matter - and if there is anything I can do to assist. Teresa -----Original Message----- From: Brungs, Ian Sent: October 24, 2001 8:11 AM To: Callahan, Teresa Subject: POWER OF ATTORNEY ECTRIC- URGENT Hello Teresa, Apologies for the short notice. Please find attached a power of attorney we will need to have signed in order to register a claim on ECTRIC's behalf in Belgium. Please note the instructions on the bottom which indicate what the signor must write prior to his signature. Should I fax you a copy with my initials? As well, Sue has informed me that there is no one indicated on the Houston data base as a legal rep to take care of the board minute which should go along with this. Do you know who that may be? Sadly we need to be able to fax a copy of this to our solicitors in Belgium today. Can you please let me know whether you can obtain the signatures required for this power of attorney. Thanks again in advance and please do not hesitate to contact me if you have any questions or concerns. (0207 783 4084) Kind Regards Ian

Paul, Attached is a draft of the Temporary Assignment and Amended of the Sandia Agreement. Please review. Sorry for the delay.

have you handled already? ----- Forwarded by Steven J Kean/NA/Enron on 01/28/2001 08:54 PM ----- Expense Server@Enron_Development 01/02/2001 01:28 PM To: Steven J Kean/NA/Enron@Enron cc: Subject: <<Concur Expense Document>> - General Expenses The following expense report is ready for approval: Employee Name: John Hardy Jr Jr. Status last changed by: Automated Administrator Expense Report Name: General Expenses Report Total: $5,239.11 Amount Due Employee: $346.02 To approve this expense report, click on the following link for Concur Expense. http://nahou-wwxms01p ----- Forwarded by Steven J Kean/NA/Enron on 01/28/2001 08:54 PM ----- Expense Server@Enron_Development 01/12/2001 04:15 PM To: Steven J Kean/NA/Enron@Enron cc: Subject: <<Concur Expense Document>> - Dec - 2000 The following expense report is ready for approval: Employee Name: Mark A. Palmer Status last changed by: Automated Administrator Expense Report Name: Dec - 2000 Report Total: $8,581.93 Amount Due Employee: $3,367.90 To approve this expense report, click on the following link for Concur Expense. http://nahou-wwxms01p ----- Forwarded by Steven J Kean/NA/Enron on 01/28/2001 08:54 PM ----- Expense Server@Enron_Development 01/12/2001 04:46 PM To: Steven J Kean/NA/Enron@Enron cc: Subject: <<Concur Expense Document>> - Dec - 2000 The following expense report is ready for approval: Employee Name: Mark A. Palmer Status last changed by: Automated Administrator Expense Report Name: Dec - 2000 Report Total: $8,581.93 Amount Due Employee: $8,581.93 To approve this expense report, click on the following link for Concur Expense. http://nahou-wwxms01p ----- Forwarded by Steven J Kean/NA/Enron on 01/28/2001 08:54 PM ----- Expense Server@Enron_Development 01/18/2001 02:51 PM To: Steven J Kean/NA/Enron@Enron cc: Subject: <<Concur Expense Document>> - January 18, 2001 The following expense report is ready for approval: Employee Name: Michael Terraso Status last changed by: Automated Administrator Expense Report Name: January 18, 2001 Report Total: $2,139.56 Amount Due Employee: $2,139.56 To approve this expense report, click on the following link for Concur Expense. http://nahou-wwxms01p ----- Forwarded by Steven J Kean/NA/Enron on 01/28/2001 08:54 PM ----- Expense Server@Enron_Development 01/22/2001 03:46 PM To: Steven J Kean/NA/Enron@Enron cc: Subject: <<Concur Expense Document>> - Miscellaneous The following expense report is ready for approval: Employee Name: Mark A. Palmer Status last changed by: Automated Administrator Expense Report Name: Miscellaneous Report Total: $524.47 Amount Due Employee: $524.47 To approve this expense report, click on the following link for Concur Expense. http://nahou-wwxms01p

Steve: (1) This is Carlos' email address: c.j.ibarguen-bedoya@lse.ac.uk. (2) His resume has been circulated to Mark Schroeder and Diane Bazelides, to date. (3) Attached is his resume for your review. Lora To: Diane Bazelides/HOU/AZURIX@AZURIX cc: Joe Hillings/Corp/Enron@ENRON Subject: Resume of Carlos Ibarguen - Enron Fax.doc - RESUME english.DOC

DONE! Anything else Entex man? -E Enron North America Corp. From: Kyle R Lilly 12/14/99 10:49 AM To: Eric Bass/HOU/ECT@ECT cc: Howard B Camp/HOU/ECT@ECT Subject: Deal 117413 Eric, Can you tier this deal monthly instead of daily for Nov 99 production? Thanks, Kyle

Sandra Brawner will not be moving at this time. Enron North America Corp. From: Kimberly Brown 09/20/2000 03:29 PM To: Move-Team/EPSC/HOU/ECT@ENRON, John Salinardo/NA/Enron@Enron cc: Janelle Duree/HOU/ECT@ECT, Scott Neal/HOU/ECT@ECT Subject: Re: REVISED CHURN What does this mean? Sandra Brawner can not move. Move-Team@ENRON 09/20/2000 03:22 PM Sent by: John Salinardo@ENRON To: Kimberly Brown/HOU/ECT@ECT cc: Subject: Re: REVISED CHURN it is to late for me to add changes. We will have to correct them after the churn. Thank you for you patience. Enron North America Corp. From: Kimberly Brown 09/20/2000 07:36 AM To: Move-Team/EPSC/HOU/ECT@ECT, Janelle Duree/HOU/ECT@ECT, David A Cummings/HOU/ECT@ECT, Ben Hill/HOU/ECT@ect cc: Scott Neal/HOU/ECT@ECT Subject: REVISED CHURN

Notice No. 01-21 January 22, 2001 TO: All NYMEX Members/Member Firms All NYMEX Clearing Members All NYMEX Floor Traders All NYMEX Operations Managers FROM: George Henderson, Vice President RE: Options Expiration Operational Procedures for the Trading Floor and Clearing Members __________________________________________________________ The expiration date for the February 2001 options contract for Unleaded Gasoline (GOG1), Heating Oil (OHG1) and Natural Gas (ONG1) is Friday, January 26, 2001. GENERAL OPERATIONAL PROCEDURES All Clearing Members and Qualified Floor Traders that carried an options position as of the close of business day prior to the expiration day, or engaged in trading activity on Expiration Day in the expiring options contract will be required to have a knowledgeable, duly authorized representative present at their normal work station promptly at 5:30 p.m. until released by the Exchange staff as specified below. All adjustments and/or corrections, must be accompanied by relevant supporting documentation prior to being incorporated into expiration processing, in essence making the expiration processing an extension of the afternoon trade resolution procedures. All input to the NYMEX Clearing Department will conclude no later than 30 minutes after floor representatives are released. Exchange Clearing (299-2110), Floor Trade Correction (299-2068 and 299-2169) personnel, as well as a representative of the Floor Committee will be available to assist with the processing of notices of Exercise and Abandonment, position transfers, trade corrections and other questions or problems you may have. CLEARING DEPARTMENT OPERATIONAL PROCEDURES The Option Expiration process is a screen based process for which all information is provided on the screens on C21 terminals. No Option Expiration Reports will be provided. The following screens will assist you through the Option Expiration process: MEMBER TRADE INQUIRY Contains real-time top day trade information, trade information for the previous 4 business days and trades adjusted for the previous 4 business days by adjustment date. SINGLE POSITION MAINTENANCE Contains a real-time snapshot for each option series from the start of day position to the projected end of day position. REVIEW ACCEPT REJECT TRANSFERS Contains all trade and position transfers "TO" your firm and the status of each transfer. REVIEW SUBMITTED TRANSFERS Contains all trade and position transfer "FROM" your firm and the status of each transfer. EXERCISE NOTICE SUBMISSION Contains your available long position and an input field to enter the number of long positions you wish to exercise. DO NOT EXERCISE SUBMISSION Contains your available long position and an input field to enter the number of long positions you wish to abandon. POSITION CHANGE SUBMISSION PCS may be submitted either by manual input or by electronic transmission. Any PCS input on a Clearing 21 terminal will be the input processed by the system. This input may be made at any time prior to 6:45 p.m. Any PCS input via transmission for that contract series will be disregarded. ALL POSITIONS ARE DEEMED FINAL Upon completion of all PCS input, all positions will be deemed final. EXERCISE/ASSIGNMENT INFORMATION Will be available to you on the Single Position Maintenance window by contract series or the Assignment List window which contains all your Assignments on one window. You will be notified of its availability by C21 E-Mail and by Fast Facts. This should occur within 1 hour of the last PCS input. All Clearing Members are required to have an authorized representative(s) at their C21 workstations in preparation for any communication during the expiration process. FAST FACTS Clearing Members should call the Fast Facts information service 301-4871, access code 700 for event messages advising Members of the event status. E-MAIL Clearing Members should read their C21 E-Mail messages immediately to be aware of event status. The standard event Fast Facts and/or E-Mail messages and the sequence in which they will be announced are: Standard Event Message: Announce Out-of-the Money Exercise and In-the-Money Do Not Exercise Submissions Approximate Time of Message Availability: 5:45 PM Usual Event Time: 5:45 PM Announced via Fast Facts Standard Event Message: Announce Final Input to C21 Cutoff Time Approximate Time of Message Availability: 6:30 PM Usual Event Time: 6:45 PM Announced via e-mail Standard Event Message: All positions are deemed final Approximate Time of Message Availability: 7:30 PM Usual Event Time: 6:45 PM Announced via Fast Facts Standard Event Message: Announce Exercise/Assignment Information Available on the Single Position Maintenance Windows Approximate Time of Message Availability: 8:25 PM Usual Event Time: 8:30 PM Announced via Fast Facts and e-mail Standard Event Message: All Report Distribution is completed Approximate Time of Message Availability: 11:00 PM Usual Event Time: 11:00 PM Announced via Fast Facts The times appearing in the Usual Event Time column are based on normal operational conditions and could vary. NYMEX EXPIRATION DAY PROCESSING OVERVIEW OF MEMBER REQUIREMENTS Time: 5:30 PM Activity: Exercise Notice Submission Event: Input to C21 Cutoff Time Reference Number: 1 Time: 5:30 PM Activity: Do Not Exercise Submission Event: Input to C21 Cutoff Time Reference Number: 2 Time: 5:45 PM Activity: Announce Out-of-the-Money Exercise and In-the-Money Do Not Exercise Submissions Event: Fast Facts Notice Reference Number: 3 Time: 6:30 PM Activity: Announce Final Input to C21 Cutoff Time Event: C21 E-mail Reference Number: 4 Time: 6:45 PM Activity: Final Input to C21 Cutoff Time Reference Number: 5 Time: 7:30 PM Activity: All Positions are Deemed Final Event: Fast Facts Notice Reference Number: 6 Time: 8:25 PM Activity: Announce Exercise/Assignment Information Available on the Single Position Maintenance Windows Event: Fast Facts Notice and C21 E-mail Reference Number: 7 If you have any questions concerning these procedures, please contact Charles V. Bebel at 299-2130, Angel Rivera at 299-2150 or Anthony Di Benedetto at 299-2152 prior to the expiration date. __________________________________________________ Please click on the link below to indicate you have received this email. "http://208.206.41.61/email/email_log.cfm?useremail=sara.shackleton@enron.com& refdoc=(01-21)" Note: If you click on the above line and nothing happens, please copy the text between the quotes, open your internet browser, paste it into the web site address and press Return.

---------------------- Forwarded by Marie Heard/HOU/ECT on 11/03/99 03:46 PM --------------------------- Bennett Kaufman 11/03/99 09:14 AM To: Marie Heard/HOU/ECT@ECT cc: Subject: Jardine Fleming Contact information ---------------------- Forwarded by Bennett Kaufman/HOU/ECT on 11/03/99 09:13 AM --------------------------- Rahul Basu@ENRON_DEVELOPMENT 10/29/99 10:21 AM To: Mary Perkins@ECT, Bennett Kaufman@ECT, Cathy L Moehlman@ECT, Jeff Kinneman@ECT, John Greene@ECT cc: Raj Thapar/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Ashwin Punde/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT Subject: Jardine Fleming Contact information Here are the contact details for the Jardine Fleming persons in London, in case you need to talk to them on any settlement admin related matters. Arjun Khullar : 44 171 382 8316 (o), 44 370 651 260 (m) Darrell Uden : 44 171 382 8449 (o), 44 385 702 352 (m) Hugh Bevan : 44 171 638 5858 (o) Regards Rahul

gas unchanged.........tried to pop up to 2.30 sold back to 2.22 now unchanged. Cal 03 3.16-3.17

Kathleen will be bringing it to you, if she hasn't all ready. Kay Stephen Plauche 10/31/2000 04:18 PM To: Kay Mann/Corp/Enron@Enron cc: Subject: ENSR Extension Letter Kay, Joe Curreri at ENSR wanted me to let you know that he is still waiting on the signed extension letter (Master Services Agreement). Once you initial it, please have someone deliver it to Janet Dietrich as she then needs to sign it before sending it back to Joe at ENSR. Please let me know if there is anything I need to do to get this process completed. Thanks. Stephen x 33890

---------------------- Forwarded by Juan Hernandez/Corp/Enron on 09/25/2000 09:24 AM --------------------------- juan hernandez <purogallo@yahoo.com> on 09/22/2000 11:23:31 PM To: juan.hernandez@enron.com, christina.sanchez@enron.com cc: Subject: Alex Hernandez at 2-day The Hernandez Clan keeps getting larger. __________________________________________________ Do You Yahoo!? Send instant messages & get email alerts with Yahoo! Messenger. http://im.yahoo.com/ - Alexdrew.jpg - Myhomey.jpg - Family.jpg

---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 09/08/2000 08:25 AM --------------------------- Shirley Crenshaw 09/06/2000 12:56 PM To: ludkam@aol.com cc: (bcc: Vince J Kaminski/HOU/ECT) Subject: Vince's Travel Itinerary Ludmilla: Here is Vince's travel itinerary for Sunday to New York. DATE 06SEPTEMBER00 BOOKING REF ZE56TX KAMINSKI/WINCENTY S0C0011R10 ENRON CORP KAMINSKI/WINCENTY EB 1962 E-TKT RECEIPT **REVIEW UPGRADE BELOW** SERVICE DATE FROM TO DEPART ARRIVE CONTINENTAL AIRLINES 10SEP HOUSTON TX NEW YORK NY 539P 1000P CO 1672 A SUN G.BUSH INTERCO LA GUARDIA TERMINAL C TERMINAL M DINNER NON STOP RESERVATION CONFIRMED 3:21 DURATION AIRCRAFT: BOEING 737-800 SEAT 01F NO SMOKING CONFIRMED KAMINSKI/WINCEN FIRST CLASS UPGRADE IS CONFIRMED HOTEL 10SEP HILTON MILLENIUM 11SEP 55 CHURCH STREET NEW YORK, NY 10007 UNITED STATES OF AMERICA TELEPHONE: 212-693-2001 FAX: 212-571-2316 TELEX: TLX NONE CONFIRMATION: 3110994415 SINGLE ROOM QUEEN SIZE BED RATE: RA1 USD 339.00 PER NIGHT GUARANTEE GIVEN NONSMOKING KING ENRON CORP TO AVOID BILLING CANCEL 24 HOURS PRIOR TO ARRIVAL HOTEL TIME CONTINENTAL AIRLINES 11SEP NEW YORK NY HOUSTON TX 745P 1033P CO 1963 A MON LA GUARDIA G.BUSH INTERCO TERMINAL M TERMINAL C SNACK NON STOP RESERVATION CONFIRMED 3:48 DURATION AIRCRAFT: BOEING 737-300 SEAT 01F NO SMOKING CONFIRMED KAMINSKI/WINCEN FIRST CLASS UPGRADE IS CONFIRMED MISCELLANEOUS 10NOV HOUSTON TX FRI ** THANK YOU FOR USING THE TAP ** KAMINSKI/WINCENTY S0C0011R1000 CO FREQUENT FLYER COWT472179 SHIRLEY CRENSHAW: 853-5290 INTL TVLRS: CARRY SOS WALLET CARD W/ENRONASSISTANCE INFO CALL SOS: IN U.S 800 523-6586/INTL 215 245-4707 (COLLECT) ******************************************* THIS IS THE PASSENGER RECEIPT FOR YOUR ELECTRONIC TICKET

I am out of the office until Friday, May 11. If you need to contact me, please leave a message at 713 853-3820 or contact Emy Geraldo @ 713 853-5391 or Pam Metoyer X3-6707. Thanks.

So you just want the new changes to be redlined correct? -----Original Message----- From: Mann, Kay Sent: Thursday, December 13, 2001 9:49 AM To: Adams, Suzanne Subject: Re: Opinions I need you to make the changes in the email, including the date. I want redlines to be able to show the signers the changes, as well as the other lawyers. Maybe copying the doc to a new file will help. -------------------------- Sent from my BlackBerry Wireless Handheld (www.BlackBerry.net)

We are getting ready for the launch of "NetcoOnline" and have been preparing new documentation, a refreshed site design and cleaned products to reflect our Gas and Power focus. The following timetable could change, but the general sequence should apply in any case: Week of Jan 14: Upon approval by the new buyer of the PA and ETA formats, we will contact the Master Users at our Top 50 customers and send them copies of the final PA and ETA forms with our new buyer's name filled in. During this week, we will be working hard to get as many of the PA's returned as possible. Once we have an approved PA, we can send the customer their new User ID, which will allow them to start trading on the day we launch "NetCoOnline". A Splash page will be available within two business days of knowing our new company name, on a web page reached via an automatic redirect from www.enrononline.com. This page will tell customers about the pending launch of "NetCoOnline" and provide links to the PA and Registration screens and also to the User Admin screens, which will allow customer Master Users to start setting up their Sub users. The Splash page will look something like the following: A Press Release will be issued which will include the planned launch date of "NetcoOnline" Week of Jan. 21: If all goes well, "NetcoOnline" will be launched on Tuesday, January 22, with at least financial products (timing for gas physical and power physical to be determined according to regulatory issues). We will send out a mass mailing to approx. 3,000 individuals at 450 companies inviting them to sign up for NetcoOnline. Included in the package will be a simple brochure, copies of the PA and ETA, key messages and a list of Frequently Asked Questions. General Terms and Conditions (GTC's) will be available online and must be accepted online before a company can start to trade a particular commodity. Trading/Origination Coordination Certain individuals in the Trading and Origination groups will be contacting customers on our Top 50 list to introduce the new company and begin the process of getting signed PA's. The NetcoOnline marketing team will work with Trading and Origination groups to make sure that all Master Users that previously had EnronOnline North American Gas and Power execution rights are contacted within one week of the PA and ETA being approved by the new buyer. NetcoOnline Marketing will follow up with the Master Users to make sure PA's are signed and returned. NetcoOnline Marketing Contacts: For Marketing-specific questions, please use the following contacts. For other questions, please contact Bob Shults (30397) or Dave Forster (31861). Teresa Mandola (39807) - Power Kara Boudreau (30570) - Gas Jennifer McQuade (53614) - Power Dan Diamond (39673) - Gas Definitions: Password Application (PA) - Only document where a physical signature is required by an authorized person (Master User) Electronic Trading Agreement (ETA) - Must be accepted online by the Master User before they can proceed into NetcoOnline Master User - Typically the company authorized signatory that signed the Password Application. Establishes transaction rights for each trader (sub-users) Sub-User - Trader, assigned either execute or read only status General Terms & Conditions (GTC) - Document that governs online trades unless a Master Agreement is in place Master Agreement - Document that governs online and offline trades and supersedes the GTC <Embedded Paintbrush Picture>

It probably was and at this point I don't know what is and isn't in the system. From: Katherine L Kelly 07/24/2000 10:12 AM To: Chris Germany/HOU/ECT@ECT cc: Bryce Baxter/HOU/ECT@ECT Subject: Belden & Blake NYSEG Chris, Do you know if all this gas was simply turned around and sold to CES? And do you know if we have made any progress on getting these deals into the system? ---------------------- Forwarded by Katherine L Kelly/HOU/ECT on 07/24/2000 10:11 AM --------------------------- From: Bryce Baxter 07/24/2000 10:00 AM To: Katherine L Kelly/HOU/ECT@ECT cc: Subject: Belden & Blake NYSEG FYI - John Singer wants us to pay this based on volume he is providing in a spreadsheet. To do thatm, Gloria will have to put this in Unify, and won't have true pipe support. Are you comfortable with that? ---------------------- Forwarded by Bryce Baxter/HOU/ECT on 07/24/2000 09:59 AM --------------------------- From: John M Singer @ ENRON 07/24/2000 08:53 AM To: Wade R Price/HOU/ECT@ECT cc: Mary Theresa Franklin/HOU/ECT@ECT, Nelson Ferries/Corp/Enron@ENRON, Bryce Baxter/HOU/ECT@ECT, Chris Germany/HOU/ECT@ECT Subject: Belden & Blake NYSEG Attached is the backup fro the Jan, Feb and Mar for Belden & Blake's NYSEG invoices. I created these spreadsheets from the information given me by Heidi Boyd, who was the person nominating this gas for CES. Belden & Blake invoiced ENA base on these spreadsheets. The NYSEG gas is a back to back purchase/sale to CES. There should be a deal for the sale in the system for the sale. Check with Chris Germany. There are three price scenarios for the gas. Should there be a spereate deal for each price? John

Start Date: 1/4/02; HourAhead hour: 5; No ancillary schedules awarded. Variances detected. Variances detected in Load schedule. LOG MESSAGES: PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final Schedules\2002010405.txt ---- Load Schedule ---- $$$ Variance found in table tblLoads. Details: (Hour: 5 / Preferred: 362.32 / Final: 362.29) TRANS_TYPE: FINAL LOAD_ID: PGE3 MKT_TYPE: 2 TRANS_DATE: 1/4/02 SC_ID: ENRJ

Is the same true for the current estimate? -----Original Message----- From: Kleb, Steve Sent: Wednesday, November 14, 2001 2:26 PM To: Hayslett, Rod Cc: Geaccone, Tracy; Gilbert, Steve; Fiscus, John Subject: RE: Fw: Undeliverable: Fw: Last schedule Please find attached file. Transportation & Storage Revenue is right off the Earning Model Income Statement. Carlton data can be found in the Commercial Function detail within the "Database" worksheet of the Earning Model. The Cash Flow verbiage is very general related to the subject matter, but does provide a business reason on a Direct Cash Flow basis for an item buried within the Indirect Cash Flow format. Call me if you have any further questions. -----Original Message----- From: Hayslett, Rod Sent: Wednesday, November 14, 2001 6:45 AM To: Kleb, Steve Cc: Geaccone, Tracy Subject: FW: Fw: Undeliverable: Fw: Last schedule Can you help explain how the data in the attached file matches the detailed budgets and current estimates you have provided to me? It may simply, I just haven't had time to look. Rod, Thanks for the email. Can you help me match the information in this email to your operating plan or cash flow analysis? Kyle <<AnnualStats.xls>> > > Do you have the volume and rate information on Northern Natural that > will tie to Rod's forecast as well? > > Kyle > (See attached file: AnnualStats.xls)