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Listed below is the general schedule of events for the Enron EWS Legal Conference being held at The Woodlands Resort & Conference Center on October 11-12, 2001. If you are traveling into Houston from outside locations, please plan your itinerary accordingly. ENRON EWS LEGAL CONFERENCE The Woodlands Resort & Conference Center - The Woodlands, Texas October 11-12, 2001 SCHEDULE OF EVENTS THURSDAY, OCTOBER 11 12:00 pm - 1:00 pm Register at the Enron desk located adjacent to the resort main lobby 1:00 pm - 5:15 pm General Session I 6:30 pm - 7:00 pm Cocktail reception on the Forest Deck at the resort 7:00 pm - 9:00 pm Buffet dinner on the Forest Deck at the resort 9:00 pm - 12:00 pm Pool and foosball contest in the Grand Ballroom at the resort FRIDAY, OCTOBER 12 6:00 am - 8:30 am Breakfast buffet in the resort dining room 8:30 am - 12:00 pm General Session II 12:00 pm - 1:00 pm Lunch buffet in the resort dining room 1:00 pm - 6:00 pm Activities - golf, tennis, spa or hiking/biking A detailed agenda and map with be distributed in the near future. Please contact me if you have any questions. Thanks. Propose a subject line for this email?

LEGAL CONFERENCE AGENDA

Here is an email: Kam, I need your help on something. I am trying to compile a listing of all reports that were being run by the Risk leads and Specialist on a daily basis for the estate. If you could please give me a general idea of the daily reports that you know of, I would greatly appreciate it. I am doing this to ensure that we don't skip or miss anything that was being done on a day to day basis for the estate. I will take what info you give me and forward it on to Greg Couch so that he will be aware of all reports that needs to be ran daily. Thanks What is a potential subject line for this email?

Reports

Write an email with the subject line "Market Changes".

Group, We are starting to see some market changes as we transition into the winter= months. First: With EPE we will start seeing a severe morning ramp. We will have to carefu= lly manage the units to prevent "swinging" them and increasing the chance o= f a unit outage. As the EPE loads plummet off-peak, we should consult the u= nit commitment, and depending on market conditions look to take units off-l= ine and/ or put units on manual and buy energy back. Recently we have sold = energy from EPE at a loss rather than putting costly gas turbines on manual= (Newman 1, 2 and 3), reducing them, and buying that energy less expensivel= y in the market. Our relationship with EPE is at a critical stage, they hav= e a new vice-president and will be hiring new management to lead their mark= eting group. We would like to be a part of EPE's marketing effort going for= ward, but need to continue to prove that our level of service cannot be mat= ched either in-house or by other marketers. I look to each member of the gr= oup to be a part of this effort and to work closely to run the EPE grid as = efficiently as possible. Second: The morning ramp will soon be upon us in the Northwest. It will become very= difficult to get energy in the Nortwest for HE 6 through HE 10. We should = look for congestion possibly on the COI and the DC. Also, as lights and hea= ters come on in the evening, there should be another jump in load at HE 18 = through HE 20. Enron Calgary will also be looking for energy these hours. B= e sure to take this load movement into consideration if you lock a price in= with ECC. Finally: We will have a meeting on TUESDAY--November 6th at 4:30 in the afternoon--(=

Here is an email: Mary Nell: Congrats on the promotion! I know that it is well deserved and couldn't have happened to a more qualified person. Look forward to seeing you soon. Sara What is a potential subject line for this email?

Congratulations!

Have you had a chance to review the draft of this agreement? Please advise in order that I can forward same for signing. Also provide me with the name of your contact. Thanks! Generate a subject line for this email.

Enron LNG Atlantic Holdings Ltd.

What is the subject line for this email? Greg and Mark: Attached is a draft of the very short story that will accompany your profiles in Enron Business. (PR management has approved.) The purpose is simply to introduce you and quickly address the issue that's on everyone's mind, the stock price. Please review your individual quotes and let me know if you have any revisions as soon as possible. The quotes were extracted from your interviews with us a few weeks ago. If I have not heard back from you by the end of the day tomorrow, I'll assume it's OK to print as is. Thanks again for taking the time to meet with us. Warm regards and cheers,

Enron Business Article

Jay: We sent this master for execution on May 1, 2001 and the counterparty just responded to John with some comments. Only one comment is credit related: LPC does not want to pay default interest as per the ISDA agreement. LPC does not want interest compounded daily. What is your position? I have made all other changes or given LPC an explanation. Propose a subject line for this email?

Louisiana-Pacific Corporation ("LPC")

Write an email with the subject line "Crude and product market size".

John, I previously asked you to quantify the global size of your business (in Billions) and you sent me a voice mail on it. I have misplaced that note and don't remember the global size for the presentation. Please re-provide as a return email. Sorry for the inconvenience. Mike

This is the content of an email: Greg, Attached is a clean and redlined version of the Gateway Interconnect Agreement. Please review before forwarding to Pace to make sure the ownership concept is in accordance with your negotiations. Please call me if you have any questions and I will forward the Rio Nogales later today. What was the subject line for this email?

Gateway Project

This is an email Dear Tom, Enron would be interested in getting together with other trading partners to discuss listing other index points at the Socal border. I think the market requires other postings to reflect the fundamental changes in the market with respect to transportation constraints. The market has clearly seen a divergence in the summer spreads between PG&E and Socal interconnects. The marginal generation load in SP-15 and Southern California this summer has proven that Socal Gas is short delivered gas and is incapable of meeting daily demand with flowing supplies, and will be incapable of injecting gas during these months. Because of this, supply being transported from the Southwest supply basins can only find a home going into PG&E. This places downward pressure on PG&E Topock gas and upward pressure on Socal Topock gas. Remember, Socal is an island, not because of the delivered capacity to the border via EPNG and TW, but because of the limited capacity of Socal's interconnects. Demand exceeds the supply interconnect capacity. There is also a divergence between Ehrenberg and Topock because of liquidity. Topock is a more liquid market because of the upstream transport contracts on EPNG and downstream buying patterns of certain Socal markets. The market is more diversified at Topock than Ehrenberg. The overwhelming demand pressure on Socal gets exposed at Topock. Although Ehrenberg is the marginal point for gas into Socal, there is more of an imbalance in upstream capacity (EPNG and TW) to downstream capacity (Socal Topock 545,000/d) at Socal Topock than at Ehrenberg. The Socal Ehrenberg interconnect has 1.1 bcf of capacity and is primarily sourced by one market transporter. Ehrenberg simply gets placed at "market prices" because of varying objectives. One transporter may place gas to larger buyers to ensure flows, while smaller buyers on Socal may not approach this transporter for supplies. This illiquidity has led to a spread existing between Topock and Ehrenberg. Picture the market, San Juan gas is trading well below the Permian and Waha basins, which happen to be the marginal supply points for the west. Because of the of the limited capacity going into Socal Topock, every transporter on EPNG and TW wants to fill their contracts with San Juan gas first. These molecules compete for Buyers at a limited delivery interconnect. Likewise, all Buyers reach out for supply coming through a limited delivery interconnect (Topock). The San Juan then trys to find an outlet going east on the SJ east leg of EPNG. This transport leg simply displaces Permian gas going into Plains North and allows Permian gas to head west to Ehrenberg on the EPNG south mainline. While the Socal market peaks in the summer, so does the EOC demand. Permian west (Keystone West meter) cannot satisfy both the EOC demand and the Socal demand. So for the first time ever, we saw EPNG Waha West at maximum capacity to source transport contracts on the EPNG south mainline. This tells the entire story. When demand exceeds all available historical supply points, and begins to reach to Waha to meet Ehrenberg demand, you have a paradigm shift. This eliminates any correlation that may have existed between the supply basins and the market area. When Keystone West reaches maximum capacity, the rule of market spreads not exceeding the max rate transport rate then dies a fast death. There is simply no available capacity at the Keystone West meter to allow a shipper to buy max rate transport on EPNG and ship it to Socal. If you asked the market what the maximum interconnect capacity at Keystone West is, 9 out of 10 would not know. This leads to blaming market participants for wide spreads that are above historical levels. It is like Al Gore blaming "big oil companies" for the high prices of gas, when all refineries are at maximum capacity. There simply isn't the capacity to meet demand. The supply exists, but there isn't enough refining capacity available to meet demand. Fundamentals rule the market in all cases. I would like to propose the following index points for the Southern California border. The market would be better served with supply being included in these index points. One, Socal CA production/Socal storage/EPNG Ehrenberg, Two, Topock TW and EPNG, Three, KRS/Wheeler Ridge. The market will be experiencing more changes with respect to the Socal restructuring in the future. We will then address the different interconnects and propose an index for the Socal citygate as well. Call me on Monday to discuss the Enron Online download. Sincerely, What is the subject of this email?

SOCAL

This is the content of an email: I tried to send this to your juno address and it came back. Just in case you are home, I also received the following from the PR department a few minutes ago: Be sure to watch Chairman and CEO Ken Lay on Fox News today. He will appear on "Our World" with Neil Cavuto at 4:30 p.m. CST to discuss Enron's year-end financial and operating highlights. What was the subject line for this email?

Photos

Write an email with the subject line "New President".

I had a little bird put a word in my ear. Is there any possibility for Ben Raimer to be Bush's secretary of HHS? Just curious about that infamous UTMB rumor mill. Hope things are well, happy holidays. PL

This is the content of an email: Tanya and Bob: When we last met to talk about Repap I think that we decided to wait until quarter end before approachning them again. Are we inclined to do anything at this point? Carol What was the subject line for this email?

Repap

Here is another matrix of TW "Current Shipper" rates & surcharges. This one is not posted on the web. I don't know whether anyone needs/uses it, anymore, but I have been keeping it up. There is a new tab for each change in Current Shipper Rates. The latest is "200111" Elizabeth - I forgot to send this to you this morning. Jeanette - I don't recall whether I sent this along with the other TW files. Write a subject line for this email.

FYI 11/2001 TW Rate Matrix - same rates, different format

Write an email with the subject line "Anatomy of a deal".

Work really hard. Deal dies, in silence after final commercial offer made (more money for summer please). Hope you had a great time away from the casino.

Write an email with the following subject: Name change

Effective May 22, 2001, Enron Netherlands Generation B.V., a Netherlands corporation, changed its name to Energy Development Company B.V. Evidence is filed in the Houston 48th floor corporate vault. Please share this information with other interested parties. NOTE: Sylvia Hu - evidence to follow by hand.

Write an email with the following subject: prepay

Treasa: Bob Bruce told me that there was no "swap" activity on the prepay during my absence. Houston is closed down until Monday, Nov. 27 for the Thanksgiving holiday. Normally, I would ask Joe Hunter on the confirm desk to take a look at the confirms. I marked up the TD confirm to reflect my comments and provide an attached "schedule" of volumes since I thought it would be easier for you to match calc periods, volumes and rate payment dates. Such a format has worked well in other prepaid structures.

Write an email with the following subject: Corporate Security Message

An old scam has surfaced recently with renewed vigor. The Nigerian-419 fraud letter, so called because it violates section 419 of Nigerian law, is sent in many variations, by surface and airmail as well as by fax and email. Generally the form it takes is to ask the unsuspecting victim to provide their bank account information in return for a promise to deposit a very large sum of money into that account under some pretext. Employees should be advised that any information given will be used to further promote the scam through the emptying out of bank accounts, counterfeit and forged checks being written against the accounts, and for other illegal purposes. If you receive what you believe to be one of these letters, forward it to Mike Hicks ([email protected]). Corporate Security maintains a file on them, and works with the US Secret Service to reduce the number of letters received by our employees. For more information on these letters, please email or call Mike at (713) 853-6198.

Write an email with the following subject: Revised documentation

I think this is the most recent version of the ETA. Obviously, this is the UK version and Sullivan & Cromwell are turning it into a US document. The US version will be governed by NY law and contain an arbitration clause. We're also trying to figure out how much to say about the confirmation process since it may vary from product to product and will almost certainly be different from the UK version. Speaking of which, I was surprised to find that they have the telephone conversation (and in this case the web site records) control over a confirmation which has been signed by both parties. What's the practice in your part of the world? One alternative is to insert the language (or something like it) that we use in financial trading which says that we will send a written confirm, gives the counterparty a short time (2 or 3 days) to respond and indicates that silence will be deemed acceptance. Would that work for your deals? Anyway, I'm in NY today and tomorrow, back in the office on Wed. Louise is insistent that the GTC's be available to be uploaded this weekend. I'll be calling in periodically tomorrow and will try to get you since I'm sure you will have issues to discuss - and now is the right time to get changes made to the ETA if necessary.

Write an email with the subject line "Alberta prepay".

Bill: We are proposing the following compromise language to the bank regarding "Transfer": Party A may transfer its rights and obligations under this Agreement, in whole but not in part, to any Affiliate that is a resident for income tax purposes of the United States or Canada....... We typically don't resrict the jurisdiction of our Affiliates. Is this O.K. with you?

As requested at the 11 October PRC Committee, attached is a comprehensive overview of the proposed PRC process (360 feedback, PRC and bonus compensation) for year-end 2001, by Business Unit and Function. We look forward to comments, amendments or concurrence. In addition, as regards employment agreement provisions with target bonus amounts based on performance, we have included the bonus language contained in the majority of such agreements. Should you have any questions please don't hesitate to contact me, Gina Corteselli Generate a subject line for this email.

PRC Year-end 2001

This is an email Please see the attached summary of the captioned session. The positions of the speakers, as well as those of the Commissioners, are summarized. Should you require additional information on a specific topic, please don't hesitate to contact me. What is the subject of this email?

RTO Week- Session on Cost Recovery Issues

Write an email with the following subject: Subject: CAISO Notice - Implementation of OASIS Reports

IMPORTANT NOTICE - Implementation of OASIS Reports December 19, 2001 ISO Market Participants: The November 7th and November 20th FERC decisions require additional information to be provided to Market Participants through OASIS. The following is the current implementation schedule: OASIS CERS Transition Tab Location New Report Name Effective Date Item Number* System Load System Loads by IOU 12/01/01 B.1.c, B.2 Ex-Post Real-Time Imbalance Energy Price Summary 12/13/01 B.1.d, B.1.e, B.1.f Transmission Branch Group Congestion Market Summary 1998 B.1.g Ancillary Service Ancillary Service Summary Report 12/12/01 B.1.h Forecast Forecasted Imbalance Energy Requirements 12/12/01 B.3 To Be Determined Muni's Hour Ahead Load Schedules To Be Determined** B.1.a To Be Determined Hour Direct Access Load To Be Determined** B.1.b * CERS Transition Item Number refers to information provided in the CAISO Market Notice "Changes to Provision of Data to CERS" dated November 30, 2001 ** Implementation Schedule is expected to be released in the next week. Specific report details and data definitions are provided in the OASIS Glossary of Terms, accessible from the OASIS Home Page. Client Relations Communications.0921 [email protected]

What is the subject line for this email? With all the ongoing changes that have been taking place around here and the known fact that some of us will be going our separate ways, it is my hope that we can all keep in touch in the future. I would like to put something together for the group, so please provide me with your contact information, so I can prepare the "Let's Keep in Touch" contact list for Government Affairs. Below is the contact information that I would like to receive from each of you. Once I have put the list together, I will forward it to everyone. Name: Home Address: Home Phone#: Home E:mail address: New Place of Employment (if available): Work Address: Work Phone Number: Work E:mail address: Cell #: Other Family Contact Information: Please provide current (or future if known) address and phone number. Thanks to all!!! !

"Let's Keep in Touch" Contact List

Can there not be an argument made to dive into TXN? It's trading at 25 forward P/E (2001) with a 5-year consensus growth rate of 24.2. A PEG of ~1 on a high quality stock with superior technology, good management, great market position and tremendous long-term growth has got to be an opportunity, right? What's your view? The technicals (MACD) are not great right now but I think fundamentally this is a tremendous value long-term. It looks like the economy has really got the brakes on now (too much) but wouldn't you expect the market to begin pricing in rate cuts in 2001 pretty soon and an eventual return to high growth in technology? I wouldn't touch any peripheral players but some of the megacap stocks with great market positions, like TXN, are sure tempting. Nasdaq down 46% from its March high and not looking good at the open. This could be a "buy while there is blood in the streets" opportunity. Generate a subject line for this email.

TXN

Write a subject line for this message: These are the books we have set up for Natural Gas that need to be uploaded into Risktrac. Let me know if you need anything else from me. Thanks. John

Gas Books

What is the subject line for this email? David: Just wanted to let you know that Jason is doing a fantastic job helping us out! He is eager and willing to do whatever we give him and a quick learner. You made an excellent choice and we appreciate it. Thanks.

Jason Peters

Write a subject line for this message: Sara, Gary wants to remove Andy from the current list of officers for ECT Investments, Inc. He would like this filing done as soon as possible. Thanks Sheila

Remove Andrew S. Fastow from ECT Investments, List of officers

Write an email with the following subject: Neptune Project order (ER01-2099)

On July 26, 2001, FERC issued an order conditionally approving the proposed tariff for the Neptune Project, which will consist of several thousand miles of undersea high-voltage direct current transmission systems connecting Main, New Brunswick and Nova Scotia to the capacity-constrained markets of Maine, New York City, Long Island and Connecticut. As a merchant transmission facility, Neptune proposed to assume all the risk of the the project. It proposed rates effectively capped by market forces. Conditions on the Commission's approval: - Neptune must join an RTO adjacent to or containing the geographic area of its proposed faciliteis and must place operational control of its facilities under the RTO. - Service must be provided pursuant to the Order No 888 pro forma tariff (Commission denied Neptune's request for a waiver). - Neptune cannot negotiate bilateral transactions prior to conducting its open season; it must make all capacity available solely through the open season process. If you would like any further information, please let me know.

I've consolidated the presentation slides we decided on (and added a few). It is still very rough and probably too long, but at a good point to dig in and really discuss what we want to say and how we want to say it. Ty Propose a subject line for this email?

Fundies Draft Presentation

Write an email with the subject line "TXU Credit Exposure".

Missed your call today and I will be in RAC PRC all day tomorrow. Basically Jeff said we must get this exposure down but gave no parameters to the statement. He did ask if any recent issue is causing us concern to which we said no, and I also said we know more about this company than any other exposure we have (which we should). I also spoke with M. Kopper today and he thinks the proposed deal w/ TXU to pay slightly more for a plant with the proviso that we get a cleaner contract is a good idea, rather than paying a lot of money to an investment bank. Moral of story in my opinion is to try and improve deal structure with TXU through the plant purchase or other structured deal. Do no more (large) deals with TXU that significantly increase credit exposure ($10mm??) unless we buy a derivative that reduces exposure simultaneously. Continue to stay on top of TXU with frequent meetings with their management to maintain a close relationship with good communication. Lets try and discuss Wed if possible.

Afternoon, Enclosed is an amended worksheet for Ineos Acrylics Inc. We sent a draft under a different name a couple of months ago. This entity will be guaranteed by the ultimate parent as described in the worksheet. Please prepare this draft and forward to Eric and Graham at Ineos, with a copy to me. Give me a call with any questions. Thanks, Generate a subject line for this email.

Ineos Acrylics

What is the subject line for this email? Tim, my understanding is that partnership fee (the $11.0M) has been amortized for the last several years and expensed to the Industrial groups (McConville and Ondarza). As you are aware, I sued them for breach. The settlement involved the elimination of all existing transactions between Ft. James and Enron including the Wauna and Halsey power contracts. It is my understanding that the benefit of the elimination of those shorts resides in the Portland shop. The elimination of the shorts would not have occurred without the lawsuit on the alliance and the settlement I originated. It seemed logical to charge the Portland office with the remaining un-amortized fee of $1.8M as a cost of eliminating the shorts for no cost and no future contingent liability. Lets discuss. Regards

Fort James Amortization

This is to advise you that we are still working on your individual issues regarding the lack of representation in your specific areas on the Associate PRC Committee. I will keep you posted on the outcome. Thanks, Propose a subject line for this email?

ASSOCIATE PRC

Rob, independent of dotted/solid lines, you already have the primary and complete responsibility to manage the office and the business. At the risk of being bold, I think the undercurrent of your note and your discussions with Haedicke over the last couple of days is a matter of absolute control. Ownership and passion are important characteristics of our best commercial people but so is fostering a diversity of opinions and ideas. With the back and mid office, the current Enron model is based upon scale and standardization which generates tremendous operating leverage. Further, it helps us manage risk and is a board mandated control issue. In the long-run, it is actually less costly (ie) systems that don't work together, less transferable human capital, un-managed legal risks, etc. A lot of your points are very valid and Haedicke has never and never will get in the way of managing commercial business; however, Mark, Wes, Sally, Beth et al have a mandate to provide a flexible, scalable but standardized delivery mechanism, that manages our risk across the broad empire. Don't quit protecting the business and your people; however, please help accomplish some of these goals as well. In short, I would like to keep the reporting structures the same. Lets take the earliest opporunity to discuss this. Regards Write a subject line for this email.

Reporting Structure

Write an email with the following subject: my schedule

Scott: I just wanted to let you know that I am working on a number of quarter-end deals and haven't heard from anyone today about the ESA swap for Raptor 2. I WILL NOT BE IN THE OFFICE ON FRIDAY, SEPTEMBER 29. However, I will identify a lawyer to assist on this transaction should the need arise. I'll be back in the office on Monday. Sara

Write a subject line for this message: Shortly before the teleconference Board meeting two weeks ago we received an application from the Bank of England for subscriber membership. When we have considered central banks or government agencies for membership in the past, consideration has focused on the nature of the applicant's derivatives activities, its regulatory role and the type of information they are likely to obtain from ISDA. Because of their derivatives activities, we have generally admitted these applicants (e.g., the Kingdoms of Belgium, Denmark and Sweden, the Reserve Banks of South Africa and New Zealand). We have even admitted the Bank for International Settlements as a member. In general, we let them know that they may not be able to receive the full range of ISDA materials (e.g., draft comment letters or position papers) and that there may be a need to exclude them from certain committees or discussions. In previous Board discussions, a higher degree of concern has been expressed if, theoretically, the Federal Reserve, the Bank of Japan, the Bank of England or similarly influential central banks were to apply for membership. These central banks typically have a greater degree of involvement in the regulatory debates (particularly on capital) and are better positioned to influence the process. Since some of those previous debates, the regulatory role of the Bank of England has diminished and the role of the Financial Services Authority has correspondingly increased. The Bank of England still plays the traditional central bank roles of controller of the money supply, dealing in the market and lender of last resort, but the supervisory role has shifted to the FSA. In light of these developments, but recognizing the concerns previously expressed on central bank membership, I would appreciate your views on the application of the Bank of England. We have also had overtures from the Hong Kong Monetary Authority regarding membership although we have not received an application. Please share your views with the other members of the Board. Bob

Bank of England Application

Dear Ken: This note builds on the earlier voice mail, and a memorandum I have sent to you, following the Dave Dorman meeting. Given the initial ground work done by our team at ATT leadership level, the meeting between Jeff and David Dorman, we think did go as expected by us. I am sure Dave and Stewart, along with Jeff have shared their views of the meeting, and do feel positive about the process forward. Our take on the meeting is as follows: 1. Dave Dorman is open and eager to explore ways ATT and Enron could cooperate across the board. 2. Dave wants to move fast, but at a pace that will work within ATT, and is strategically sound for both the organizations 3. He is now looking forward to specific value propositions from Enron-Adventis team, which he is prepared to discuss with us. 4. On that basis I am sure he will guide us to the most appropriate guys within ATT who will need to understand and act on the value propositions. In view of the above the real work begins now. As discussed with Dave and Stewart, we will further reinforce our commitment to develop, and take the basic proposals with ATT forward. Our team is already on the job and will meet with Stewart early this week. I did indicate to both Dave and Stewart that we will like to take the next steps in a most expeditious and matured fashion so that all the strategic possibilities to create the new bandwidth dynamics between the two companies could be achieved. Given that there were some hesitation within Enron on the out come of the first meeting with ATT, we committed to the last 2.5 weeks of work with a reduced fee structure. Now that the first major step has been successfully taken, we plan to work with you along our normal professional fee schedule. As we do want to move as fast as possible and if at any point indications are that the desired out come will be difficult to achieve we could stop and review progress. As a result, although not common, we are willing to work with a weekly rate, adjusted to professional fees of $75,000/week and out of pocket expenses. In addition of course for an engagement of this nature which essentially leverages our firms professional credibility and trust in the industry, our clients pay us on the basis of successful execution of the alliance formation along preset milestones. Given the strategic nature of this engagement, and our commitment to assist you with all the major Telcos, -- incumbents and new, we will welcome to Write a subject line for this email.

Moving forward: URGENT, URGENT.

This is an email THIS IS NO JOKE PLEASE SENDTHIS TO ALL OF CALGARY. THANKS ANGELA TODAY IS NATIONAL FUN DAY AT WORK (so get to work!) THANKS FOR ALL YOUR HARD WORK! JOHN LAVORATO What is the subject of this email?

National Fun Day

This is an email Gouger Gray Davis California's petulant governor ignores reality as he overpays for electricity LANCE T. IZUMI Mr. Izumi is a senior fellow in California Studies at the San Francisco- based Pacific Research Institute. On the surface, things seem to be going pretty good for Gov. Gray Davis with regard to California's electricity crisis. The governor has scored some nice publicity by switching on some new power plants. The weather has been unseasonably cool. His poll numbers are edging back up. Yet beneath this optimistic picture lie troubling problems. For example, Davis's argument that out-of-state power generators are responsible for the electricity crisis has been falling apart. For months, Davis has been claiming that private generators have overcharged California by $8.9 billion and demanded that this amount be refunded to the state. However, after a two-week mediation between state officials and the generators, Curtis Wagner, the federal government's chief energy regulatory judge, rebuked Davis's claim saying that such a huge overcharge "has not and cannot be substantiated." Further, while the generators may be liable to refund a much smaller amount to the state, perhaps $1 billion, Wagner said that generators are owed more money by the state than they owe the state in refunds: "Can a cash refund be required where a much larger amount is due the seller? The chief judge thinks not." Davis reacted to the judge's ruling by calling it a "raw deal" and by urging the Federal Energy Regulatory Commission to ignore the lack of evidence and the judge's conclusions and to "step up and provide the refunds we've asked for." Davis's position, as usual, is motivated purely by politics. Indeed, Dan Walters of the Sacramento Bee says that Davis is operating in a "melodramatic virtual world" de-linked from reality. Davis's blame-the-generators argument took another body blow when newly released documents showed that, on average, major out-of-state power companies such as Enron, Duke, Dynergy and Mirant charged less than the average prices paid by the state during the first three months of the year. California government utilities, on the other hand, such as the Los Angeles Department of Water and Power and the Sacramento Municipal Utility District (SMUD), charged the state much more for electricity than the out-of-state generators. For example, while Texas-based Enron, a favorite Davis whipping boy, charged an average $181 per megawatt hour, SMUD charged an average $330 per megawatt hour. Davis responded to this revelation in typical political fashion. A Davis spokesman said that the governor had expressed his anger at "the generators who wear cowboy hats" and that "just because there are other entities that are charging us more doesn't change the fact that we are getting ripped off by companies from Houston, Tulsa, Atlanta or Charlotte." Yet, for all Davis' feigned indignation about consumers being ripped off, it turns out that he and his regulators are poised to ensure that business consumers are ripped off by state government. Davis has signed $43 billion in ill-advised long-term purchase contracts at rates above-market-price. The state must, therefore, ensure that enough business customers remain in the current state-controlled distribution system to pay for high-priced state power purchases. This is especially important to Davis since the high prices are borne disproportionately by business. Thus, Davis' regulators are set to eliminate "direct access," which allows businesses to shop for cheaper power. Who's the real gouger? No matter how much Davis points the finger, Californians are paying dearly for his political opportunism and bad policies. What is the subject of this email?

Gouger Gray Davis :

This is the content of an email: In a conference call today with Alcoa on the Services business we are pursuing, the following issues with regard to credit were mentioned: 1. Alcoa has revoked a $10MM credit line they had open with Enron. 2. Alcoa was uncomfortable taking on more Enron exposure given the recent press. In addition to the power/gas exposure, there is metals exposure. 3. Future deals will need to be closely reviewed by Alcoa's credit group. By copy of this e-mail, I am requesting that Ed Sacks contact Mike Fry of Alcoa's credit group in Atlanta. Please advise if you need his phone number. Also, we want to move ahead with getting the EEI in place as Alcoa's represents one of our strongest prospects for the new Services business. We will need to get Alcoa comfortable with our credit issues. In addition, we are talking to Alcoa on various other pieces of business at their various smelters in PJM and TVA as well as rainfall hedges for their hydro operations. Oscar Dalton What was the subject line for this email?

Alcoa

Here is an email: Kim would like the Marketing Team to meeting with Steve to discuss the above mentioned topic, Friday morning, November 16, 9:00 a.m., ECN-1336. Please mark your calendars accordingly. adr What is a potential subject line for this email?

Capacity Available - Team Discussion

Write a subject line for this message: Attached is the form I'd like everyone to use for tomorrow's reports. We will probably modify this and the ones to follow, so be prepared! Fletch

Utility Term Sheet Form 1

In conversations with GE, it is their understanding that their guaranty will not be transmitted until there is a fed ref number tomorrow. The opinion letter will be faxed as soon as the GC is available, or Kent can sign for Dan Rowley if that is acceptable. DRowley can sign originals on Thursday. The LOC is in the works, and GE understands that 10% will be retained in escrow until the LOC is delivered. There will be three original opinions. There is one original guaranty, and I'm not certain of GE's willingness to give more than that. Obviously, there will be only one LOC. Kay Propose a subject line for this email?

GE guaranty, opinion of counsel and letter of credit

What is the subject line for this email? Hi Kay, I am sending this to you on behalf of Gerald Nemec. If there are any problems, you can contact me via email or at extension 52722. Alisha

Data Sheet Check

Hey Paul, I know you're busy, but can you let me know where to find the map detailing the Northeast transfers limits you included in the presentation you put together for Dana. I'd like to include it in a presentation I'm putting together for John Llodra. Thanks, Generate a subject line for this email.

Northeast Transfers Map

What is the subject line for this email? On October 15, 2001, the Midwest ISO filed an amendment to Section 17.5 of its Open Access Transmission Tariff to charge a fee for non-confirmed transmission service requests for transmission service greater than one week. Midwest ISO has requested an effective date December 15, 2001. Interventions and protests are due November 5. Let me know if you need further information.

MISO proposed tariff change

Here is an email: Rick, In preparation for the meeting with the lenders on Tuesday I was reviewing the GSA and I wonder if YPF has any force majeure claims which could impede our rights to terminate. I know they indicated at least verbally that they had encountered some problems in Argentina. Although a stretch has Dean or Novak indicated that this could be a defense? What is a potential subject line for this email?

GSA revision

Write a subject line for this message: Tanya: I'd like to send our Schedule to Rabobank today since we will be off Monday, Jan. 15 and I have been called for jury duty on Tuesday, Jan. 16. I will ask Angela Davis (a finance lawyer with swap experience who is helping us out on the structured deals) to handle this for me. I don't want to deal with Rabobank's form of Schedule as a basis for discussion and I am told that this deal closes Friday, Jan. 19.. A voice mail would be greatly appreciated. Thanks. Sara

Project Cerberus - amended to introduce the swap counterparty Rabobank ("Rabo")

This warning is sent automatically to inform you that your mailbox is approaching the maximum size limit. Your mailbox size is currently 75287 KB. Mailbox size limits: When your mailbox reaches 75000 KB you will receive this message.To check the size of your mailbox: Right-click the mailbox (Outlook Today), Select Properties and click the Folder Size button. This method can be used on individual folders as well. To make more space available, delete any items that are no longer needed such as Sent Items and Journal entries. You must empty the Deleted Items folder after deleting items or the space will not be freed. To turn Journaling off, click Tools | Options | Journaling Options and de-select all items. See client Help for more information. Write a subject line for this email.

WARNING: Your mailbox is approaching the size limit

Write an email with the subject line "Senate Debating Unfairness of Singling Out Private-sector Sellers for Investigation".

The Republicans are currently on the Senate floor arguing (noisily, repeatedly and passionately) that California (and the Senate in particular) is being hypocritical and intellectually dishonest in attacking and investigating private companies and ignoring munis. One Senator specifically identified prices charged by LADWP and SMUD and compared those prices to Enron's (1/3 to 1/2 less than LADWP and SMUD charged). Best,

Write a subject line for this message: I have been asked to verify whether ENA has any current transactions with the subject company. Please reply ASAP whether your group does or does not have any current transactions or interests with this company. Thank you.

LTX Corporation

This is the content of an email: Tana: Please review these pages for corrections and insert into original. Rod should return tomorrow and we can execute and FedEx to PG&E. Thanks. Sara What was the subject line for this email?

Corrected pages to ISDA Schedule and Annex

This is the content of an email: Attached is a redlined version of the Spot GTC (without credit) that shows the changes that were made. The same changes were made to all of the other GTCs. Hope this helps. Stacy What was the subject line for this email?

New GTC Version

Here is an email: I spoke with Greg Healy of SoCalGas today regarding the revised offer Transwestern provided to SoCalGas before Christmas. He said they have questions and requested a conference call early next week so that they can better understand our proposal and go forward. I have tentatively scheduled the call for Tuesday, January 8, from 3-4 our time. Greg indicated that it would be business people and their lawyer, Dave Gilmore. Sharon, pls. set up a conference bridge number for us. I was going to call Rick Miles to let him know about the status of our discussions. He had called me after we sent SoCalGas the revised offer about wanting to know where we were. Does anyone have a problem with me calling Rick?? Maria What is a potential subject line for this email?

SocalGas Billing Issue

What is the subject line for this email? Hi Michelle, The attached spreadsheet should represent a complete set of developers of EnronOnline since inception. I haven't named the individual Valtech and Agency.com developers since the agreements we have with those companies presumably cover all of their developers. The rest of the systems will probably not be done until tomorrow.

EnronOnline developers

This is an email Jeff, =20 I am Dr. Mona Yousry. You don't know me. I earned my PH.D. in Mathematic= s in 1982 and have served in the Telecommunications industry for 19 years.= I was recruited by Bell Laboratories, AT&T, Ameritech, and Sempra Energy= . =20 =20 I have always been impressed by Enron's performance and business strategie= s. I believe you were instrumental in what Enron is all about today. =20 =20 I read an article about you and your zealous interest in Africa. You need= to meet Larry Robinson. The following is in his words. Please read it. =20 Mona =20 Lawrence Robinson: Born in Congo, Central Africa, 1952. =20 My father was born in Zimbabwe, Africa. My parents and grandparents were M= issionaries. My grandparents went to Africa from California in 1912 and are= both buried in Africa. I was raised in very remote areas of the Belgian C= ongo and from an early age spent lots of time in the African Bush. This wa= s a time to learn many of the secrets necessary to survive the African bus= h and love it. I had the opportunity to study and learn animal behavior in= ways that most experts only dream about. Some of my greatest memories are= from times I would take a pocket full of salt with my rifle and go into t= he bush for 10 days to 2 weeks at a time, sometimes totally alone. It was = also a time to learn about the African people and their languages and cult= ures. As time passed and Independence swept the Continent, I saw Zaire, th= e great land where I was born, turn into a blood bath. I learned more abou= t the most savage creature of all. As I saw men slaughter men, women, and = children, I understood better how organized and balanced nature really is.= I am a U.S. Citizen and Resident in Tanzania, East Africa. I am tri-lingu= al and understand three other African languages. I have an FAA Commercial = Pilots license. Educated in Cape Town, South Africa, Singapore, Beirut, Le= banon, Michigan, and California. Have two B.S. degrees. One in Agriculture= and one in Industrial Education. Have traveled around the world many time= s. My longest overland trip was from Germany to Cape Town driving my own T= oyota Land Cruiser. This was a 10 month journey of over 30,000 miles. Cross= ing the Sahara Desert and the Kalahari Desert before a GPS was available w= as indeed a great adventure. From 1985 to 1992 I owned and operated my own= Import Export Company in Central Africa called "Malaika Zaire". Presentl= y I am Managing Director and Chairman of the Board of "Solar Universal Net= work" - a Californian Non-profit Organization, 501(c)3. Solar Universal Ne= twork is also established in Tanzania as an International NGO since 1995. = S.U.N. 's primary focus is to establish safe, permanent, water supplies for= communities in Tanzania using alternative energy. An example of our work = is at Sukenya, Northern Tanzania where we are pumping approximately 12,000= gallons of water per day from 250 feet deep for the Maasai Community usin= g only Solar Energy. This system has been operating for a year now with ou= tstanding success. When necessary, we also use UV Water Purification Units= powered by Solar Energy to purify any contamination which may exist in wa= ter supplies. One of the areas we are now working in is located in Northe= rn Tanzania just South of the Kenya boarder and just East of the Serengeti= National Park. This is considered Maasai Land and is fascinating country.= Each year hundreds of thousands Wilderbeasts migrate south through this a= rea to give birth to their young in the Southern plains of the Serengeti. T= he great migration is considered one of natures last unmatched marvels on = earth. This is the time when the predators like lions, leopards, cheetah, = and hyena are roaming the area. There are also heards of Cape Buffalo, Ele= phant, and many types of antelope and zebra. Because of the Community Deve= lopment that S.U.N. has done in this area, we have an exceptional opportun= ity to hike, camp, and hunt with the Maasai in this location. I have perso= nally been within 10 yards of a lion and his kill while on foot with a Maa= sai warrior and only a spear in hand. Tanzania is also the land of Mt. Ki= limanjaro, Serengeti National Park, Ngorongoro Crater, Lake Victoria, and = Zanzibar Island. What is the subject of this email?

East Africa

This is an email Can you please let me know whether the new attorneys in our group have edit access to the database, Frank Sayre, Francisco Pinto Leite and Cheryl Nelson. I think Cheryl just tried to add a note and couldn't. Thanks. What is the subject of this email?

Master Swap Agreement Access

This is the content of an email: I want to run something by you. It sounds like we have some sort of budget for Friday night. I would like to offer everyone the opportunity to bring someone with them but also explain that we may not be able to pay for it all. I guess the reason is I would like to have Kristi come with me, but am willing to pay for her. I would like to do the same for everyone else, but don't want to offend anyone with the possibility that they may have to pay a little $$. Let me know what you think. Thanks. DG 3-9573 What was the subject line for this email?

Dinner

Welcome to eMail News Delivery, a service from Business Wire. Here is your Industrial Information Resources Inc. news release. If you have received this in error please send a message to: [email protected] with the following command in the body of the message: unsubscribe TX-INDUSTRIAL-INFO-RES If you have questions about this service, please contact your Business Wire Account Executive or [email protected] BW2002 DEC 27,2001 2:00 PACIFIC 05:00 EASTERN ( BW)(TX-INDUSTRIAL-INFO-RES) French Chemical and Explosives Producer Creates Measure to Self-Regulate, in an Advisory by Industrialinfo.com Business Editors HOUSTON--(BUSINESS WIRE)--Dec. 27, 2001--The following in an Generate a subject line for this email.

French Chemical and Explosives Producer Creates Measure to Self-Regulate, in an Advisory by Industrialinfo.com

Write a subject line for this message: We will be holding a series of employee meetings today to talk through the merger with Dynegy and to answer questions. Time and location are as follows: Group Meetings - Houston Based - Monday, November 12 Time Group Room 12:00p EFS Houston 500 JFR - 16th Floor 1:00p IES/MES/CES/RMS/Acq. EB 5 C2 1:30p Product Development EB 5 C2 2:00p Deal Management/New Business Ventures EB 5 C2 2:30p Wholesale Services EB 5 C2 3:00p Services EB 5 C2 3:30p EAM / Info. Mgmt. EB 5 C2 4:00p Professional Services EB 5 C2 - Customer Care and Communications - Finance - Financial Operations - Human Resources - Legal - Media Services - Regulatory 4:30p Enron Direct EB 5 C2 We have also scheduled two conference calls later today for our field locations. See dial-in numbers below: Field Calls - Monday, November 12 Time Group Dial-In No. Confirmation No. 5:00p CST IPT/FieldCentrix 800-446-1671 Conf No. 5050607(Reference Dan Leff as the host.) 5:30p CST East Coast & West Coast 800-446-1671 Conf No. 5050627(Reference Dan Leff as the host.)

Update Meetings - Today

Attached please find the UPDATED responsibilities for the Global Contracts and Global Facilities teams. Due to restructuring within our group, we have lost three team members (Anthony Campos, Cyndie Balfour-Flanagan, and Ryan Sheeren) to the physical gas confirmation group. Our team members' individual responsibilities have changed as a result. Please forward the attached information to your staff and coworkers. Please call me at x30569 if you should have any questions. Thanks, Write a subject line for this email.

Global Contracts/Facilities new responsibilities

What is the subject line for this email? Judge says Enron has to give up documents By Emily Bazar Bee Capitol Bureau (Published Sept. 7, 2001) Enron Corp. must turn over sensitive internal documents to state legislators, a Sacramento judge ruled Thursday, but only after the two sides agree to a court-approved confidentiality agreement. For months, a special Senate committee investigating electricity price manipulation has been issuing subpoenas and gathering documents from power generators and marketers. During the process, the committee has found three companies in contempt for resisting the subpoenas, including Enron, which fought back with a lawsuit asking the court to intervene on its behalf. In his ruling stemming from the suit, Sacramento Superior Court Judge Charles Kobayashi said he wasn't convinced that "the Senate committee will be able to maintain the petitioner's right to confidentiality." As a result, he ruled, those documents handed over by Enron that contain legitimate trade secrets must be protected by a confidentiality agreement. In his ruling on another Enron motion, however, he denied the company's request to quash the committee's subpoena. Still, Enron officials considered the judge's findings on the whole a victory. "We had no certainty that anything we handed over to the Senate would remain confidential," said Enron spokeswoman Karen Denne. "We were not receiving due process from Senator (Joe) Dunn's committee. They were acting as judge and jury on this issue." Dunn, D-Santa Ana, who is the committee chairman, said he "respectfully disagrees" with the judge's decision on the confidentiality agreement, which he said will be reviewed in the next few days by the Legislature's lawyers to determine whether an appeal should be pursued. Another Enron motion seeking an injunction against the committee will be heard in court next week. Enron is one of three companies that have been found in contempt by the committee. However, the committee purged its contempt finding against Mirant in July after the company complied with the committee's requests. The committee was poised to expunge its contempt finding against Reliant Energy Inc. on Thursday as well but couldn't draw enough senators for a vote. Dunn delayed the action until the next meeting. As for the contempt charge facing Enron, the Senate Rules Committee is scheduled to review the findings Monday and possibly make a recommendation to the full Senate. Should the full Senate also find Enron in contempt, it would determine what punishments, if any, would be levied. Dunn said he believes fines would be the most appropriate punishment.

CA Energy Issues

Write a subject line for this message: LLoyd Will and Kim Melodick have requested your help in identifying what YOU feel it takes to be successful within each functional unit of East Power. This feedback will be used to create a recruiting, retention and development tool that will assist East Power in identifying the skills and training that are key to your group's success. Please take some time to answer the attached four questions as they relate to your area. Your participation and cooperation is greatly appreciated. Sarah Zarkowsky x53791 Ben Brasseaux x58747 Meliza Evanson x57855 Enron North America Human Resources

What does it take?

Dear West, We talked briefly on Monday about our commitment to a full work day at Enron. If you are in the office, then please be prepared to contribute to the group for a full day. Our schedule now calls for critical communication in the afternoons. We need to know that each employee will be here every day to create the consistency needed to outperform the rest of the market. We want to remain as flexible as possible with all traders when it comes to an emergency, but remember that you have a commitment to Enron to contribute a full work day. Please organize your vacation on the west desk calendar with Ina and coordinate any early afternoon departures with Ina and myself. Also, prepare to have your markets covered when you leave the office early. Sincerely, Generate a subject line for this email.

Work Hours

Bob, On the Texas desk, the majority of our deals are nominated manually (on Excel or preprinted forms), with most of the information pulled from Sitara instead of Unify. So, these noms were not late. For a couple of 3rd party pipelines, we do use Unify. But we did not have nom changes for 5/4. Our only problem was sending noms to HPL. Which is sending information to yourself, but it still delays the confrimation process for the pipeline. This nom was sent about 30 minutes late. Let me know if you have any questions. Daren Write a subject line for this email.

Unify

I updated the transport demand charges on Tetco and Trco for March. Please get those in the P&L sometime this week. Also note: I think I had Trco at TP1 instead of TP2. thanks Generate a subject line for this email.

Demand Charges

Here is the information that you guys had asked about last week when we discussed WSCC coal. I added the railroads to the map and pulled some numbers for utilization and O&M costs for each of the plants we discussed. If you have any other questions let me know. Aaron Martinsen Generate a subject line for this email.

Western Coal

This is an email Here's what happened to the Enron South America LLC master. You can now officially bug Robert George (legal in Sao Paulo) and Bruce Harris (commercial in Houston) and remove Andrea Bertone from any official distribution. Sara What is the subject of this email?

Southern Cone Financial Master Agreements Schedule

Write a subject line for this message: Sally, Attached is the updated of the headcount file I sent you on Friday. I misunderstood the original request and provided December 31 plan for all four years. I have now updated the file with December 31 actual headcount numbers for 1998 through 2000 and plan for 2001. I have also updated the EGM numbers and inserted a summary tab. If you have any questions, let me know. Thanks,

Updated '98 - '01 Headcount File

This is the content of an email: Adele and Maria: Here are my final comments: 1. In the ISDA Schedule, Part 4, Section (f)(iii), we cannot accept a 30 day waiting period. Why can't the Guaranty be furnished when the Reorg becomes effective? 2. In each Guaranty, there is an extra zero in the "cap" amount. 3. In the PSE&G Guaranty, the Counterparty notice section should be just like what is in the Master for primary notices and copies. 4. In the LC, in the new language on the second page, change Uniform Customs to UCP. That's all I have. Subject to resolving point #1, please e-mail to me the Enron Guaranty and please coordinate with Susan Flynn on getting final versions executed and obtaining other closing items. I will review your opinion shortly. What was the subject line for this email?

FINAL Comments

Write a subject line for this message: You have received this message because someone has attempted to send you an e-mail from outside of Enron with an attachment type that Enron does not allow into our messaging environment. Your e-mail has been quarantined and is being held at the MailSweeper server. Sender: [email protected]

An Inbound Message For You Has Been Quarantined

David: Attached is an example of the "tainted swaption". I'd really like to focus on the dates (Trade, Effective, Exercise). Looking forward to call in the morning. Sara Write a subject line for this email.

Kellogg

This is the content of an email: This is the data that we will use to build our Socal growth estimates. Take a look at the file and then we can discuss how to combine this with current pipeline capacity and future expansions. Mike What was the subject line for this email?

New Generation as of Oct 24th

This is the content of an email: The technical difficulties with the SAP Security email box have been resolved. You may once again follow the normal submission process as noted in the instructions for the SAP Security Request Form and the IBuyit eProcurement Request Form. If you submitted a request for security during the week of July 16-20 and have NOT received a notification of it's receipt, please resubmit the form. We can not be certain that all mail directed to the box during this period was actually received. We apologize for any inconvenience that this may have caused you. What was the subject line for this email?

SAP Security Mailbox functional again

What is the subject line for this email? Attached is the list referenced above, revised to approve Imperial Oil Resources (cpy ID 58981) for all products but power (of course no credit derivatives). The other Imperial Oil Resources Limited from the original approvals (cpy ID5193), I would like shut down for all products until I am provided information as to how it differs from the other Imperial Oil Resources. Whew...!! !

Counterparty Approval List for 5/8/00

Congratulations on your added role of CEO for Enron Europe. I look forward to continuing to work with you and the staff in London on risk management operations initiatives. I talk with Brent Price several times a week. I know that Fernley has appreciated his participation in London, and I hope that you have found his involvement to be beneficial as well. We are almost at the half way mark on his assignment, so I will talk with you next week when I return from Calgary to get your input on his role to date. Propose a subject line for this email?

Added Role

What is the subject line for this email? The EES/EWS Process Meeting will now be held EVERY THURSDAY at 3:00. We have also changed the location since we were bumped the last two meeting dates. The NEW LOCATION is EB2868.

EES/EWS Process Meeting

Folks, you are the remaining officers of ENA that have not yet enrolled in this mandated training program. It is ENA's goal to have all its officers through the program before the end of calendar year 2000. The course has received very high marks for effectiveness. Please take time now to enroll in the program. Speak to your HR representative if you need help getting signed up. Regards Write a subject line for this email.

Executive Impact and Influence Course

Write an email with the following subject: November 1999 Settlement Adjustment Invoices

The invoices for November 1999 settlement adjustments will be posted by 23:00 today, Monday, September 17, 2001. The NYISO apologizes for any inconvenience resulting in the delay in posting these invoices. Transmission Customers will observe adjustments to their settlements to: (1) recover costs related to adjustments made outside of the billing process; and (2) adjust the NYISO clearing account balance to zero for November 1999 settlements. With regard to the adjustments made outside of the billing process, these adjustments could not have been corrected by a billing code or determinant data fix. As a result, the mechanism of paying and funding the adjustments is done through adjustments outside of the billing process. The total adjustment of $14,178.39 was allocated across 5,059,790 MWh. Customers may validate their respective adjustments by computing their ratio shares of the $14,178.39 using 5,059,790 MWh as the denominator in their respective ratios of their November 1999 load. Customers will observe a difference in the denominators used in the ratio share allocation of this adjustment versus adjustment #2. This is due to the fact that the costs for adjustment #1 are not allocated to those that received payment through the adjustment, which would defeat the purpose of the adjustment. Prior to October 2000, the NYISO recovered or refunded differences in the revenue received from Schedule 1 charges, which were comprised of forecasted uplift & residual adjustments, and the costs actually incurred by adjusting subsequent month's Schedule 1 rates accordingly. In October 2000, the NYISO implemented a change in the tariffed Schedule 1 provisions that allowed the recovery and refund of these costs as they were incurred. In order to allow any changes in uplift and residual adjustments to be settled through the settlement adjustment process, the code implemented in October 2000 was used to report these costs to the market. This results in an over-collection which is being returned to Customers through an adjustment to their monthly balances. This billing treatment for the November 1999 settlement adjustments resulted in credits to the market totaling $5,583,559.78 allocated across 5,074,229 MWh. Customers where allocated their portion of this adjustment based upon their respective ratio shares of the 5,074,229 MWh of NYISO transmission service billed for the month. November 1999 settlement adjustment settlement dates have been changed to address the delay in invoicing. Payments due to the NYISO for November 1999 settlement adjustments are due to be received in the NYISO clearing account on Monday, September 24, 2001. Payments due to market participants will be made on Thursday, September 27, 2001. Please refer to the attachment below for banking instructions. The NYISO anticipates that the 2nd settlement adjustment for December 1999 settlements will be invoiced tomorrow, Tuesday, September 2001 by 23:00. Settlements dates will be adjusted to accomodate the invoice date changes. Given the aforementioned schedules, payments due to the NYISO for December 1999 settlement adjustments will be due to be received in the NYISO clearing account on Tuesday, September 25, 2001. Payments due to market participants will be made on Friday, September 28, 2001. The NYISO will confirm the invoicing schedule for December 1999 settlements tomorrow. Regards,

Write an email with the following subject: FYI

I found the picture from Tin Hall the other night and that guy at Whataburger was definitely one of the "cute cowboys." How weird is that? Anyway, hope you're flight home and immediate transition to the classroom went smoothly. I guess I'll be seeing you in about two weeks and by that time, hopefully, I'll know more about my London prospects. Susan

This is an email I have attached the referenced spreadsheet, changing my product approvals to add the new product list that Stephanie sent me (instead of th eold list Credit sent me). One of the new products appears to be Austrian physical power. Like the other European based physical power products, it should not be opened for the US based credit counterparties to trade, so I will not be marking it out on a going forward basis, I will just expect it to be shut down for the US based counerparties (unless I tell you otherwise on a particular one). Is that OK with you. Also, for Sempra, they will be coming by again on the 7/21 list (Credit opened them up for all financial power). I had already opened them up for all financial products except weather, so it shouldn't affect my approval. What is the subject of this email?

Counterparty Approval List for 7/18/00

Notice of Acknowledgement The FERC's Office of the Secretary has received the following filing that you submitted Accession #: 200111215015 File Name: CPUCfilingAnswer.doc File Size: 43520 Filing Date : 11/21/2001 12:29:21 PM File Desc: Answer/Response to a Pleading/Motion of Transwestern Pipeline Company under RP97-288. Docket(s)# (as filed): RP97-288-017; Filing Type: Answer/Response to a Pleading/Motion Submission Date & Time: 11/21/2001 12:29:20 PM Signed by: J Gregory Porter Filed by: Transwestern Pipeline Company You will receive a subsequent e-mail "Notice of Receipt" as soon as we convert the file you submitted to the PDF format. We will also contact you via e-mail if there is any problem with your electronic submission. A third e-mail "Notice of Acceptance" will be sent once FERC's Office of the Secretary accepts this document as part of the docket(s). Note: The docket number(s) you entered for this filing may be changed. The Notice of Acceptance e-mail will show the docket number(s) assigned by FERC. Thank you for participating in FERC's Electronic Filing Program. Write a subject line for this email.

FERC Filing in RP97-288-017 Notice of Acknowledgement

Write an email with the subject line "addition to Options answer".

Here's what I've added to my answer to address Ni's question. Let me know if you have comments. I'll have a final draft out shortly. Prior to the deadline for filing interventions, Transwestern received a request from Commission staff for clarification of the criteria for awarding of Shipper call options. The procedure will be as follows: an advance posting will specify the term of the available option, term of transportation service, transportation volume, and instructions for bidding. Shipper call options will be awarded based upon the highest rate payable for the option component.

Here is an email: We have been given a new list of potential arbitrators. Please take a minute and let me know if any of these represent us, and the general level of representation. Thank you again for your help. If you want to leave me a voicemail, my telephone number is (713) 646-6412. 1. William Frank Carroll--Donohoe, Jameson & Carroll What is a potential subject line for this email?

Arbitrators for Blockbuster Arbitration

I have revised the option form consistent (except where noted) with comments sent by Herman and Lisa, and have attached a redline version. Herman, I dealt with your comment regarding the defn of Optionee by tinkering a little with the 1st paragraph. I also construed your comment regarding Enron's right to terminate the option to NOT preclude termination if our counterparty is in default. Please confirm that this is acceptable. Lisa, I did not change the notice info since the first entity will the the project co, with ENA Legal receiving a copy. Please advise if you have any comments. Kay Write a subject line for this email.

Rev option form

All, This email is directed to my peeps at Enform who may be interested in a night at the Alley, to see the "international comedy sensation" - "Art!!!" (exclamation points added by me for necessary emphasis) Corporate design tyrants like Beth, who just need to relax - it's the perfect thing! Tyrants-up-and-coming and current princess-wanna-be's: Ashley, it's meets your faux-high-society sensibilities to a T! Posing celebrity-satellites: Matt - it beats hanging out at the Starbucks, but requires pants! Invite your friends and foes alike! Oct 12 tickets are still available, section A, for about $45 a piece. Get back at me, playas, they're going fast. Drinks and the theatre, how do you beat that? Whoooooo! Jason Write a subject line for this email.

a little get together...at the theatre

This is an email When: Monday, January 07, 2002 1:00 PM-5:00 PM (GMT-06:00) Central Time (US & Canada). Where: ECN 2601 *~*~*~*~*~*~*~*~*~* Agenda: 1) Organize USER/IT SWAT teams 2) Begin process of fleshing out test scripts Please review the attached spreadsheet for errors or omissions prior to meeting. If I have left anyone off the list, please let me know. Thank You, What is the subject of this email?

Updated: Integration Test Team Meeting

What is the subject line for this email? I spoke to John O'Shea today regarding Dynegy's continued due diligence for the pipelines. We have scheduled an all day working session this Thursday beginning at 9:00 am (at Enron Building but room not confirmed). John will email to me tomorrow his due diligence requests. In addition to commercial items, he would also like to cover operations and regulatory items. Please make every effort to attend or designate a representative. Drew, not sure who we need on the regulatory side? Thanks,

Dynegy due diligence

Write a subject line for this message: FYI. This close date is of large significance to GPG as we are going to be asking management to wait an extra week for monthly info that ties out to the financials. This variance from what we thought was a "Common Design" is a huge deal, in fact the agreed upon close timing was a major consideration in getting agreement within GPG to go forward as it was an improvement that we could see had value. I agreed to and "stacked hands" with all on the "Common Design", yet somehow there has been a failure to deliver the "Common Design". I just want to make sure that the two of you are aware of my position on this issue.

Risk Document Information

Please note that the Enron Cash Balance Plan has retained Smith Graham, Gerald Smith's firm, to manage $15 million of pension assets. This fixed-income portfolio will be funded during July. I am available for further discussion at your convenience. Write a subject line for this email.

Smith Graham

Here is an email: I checked on the status of this today... Mine shipped on the 9th of November... However, its not trackable... I'm thinking it might have made it to my house today? That, or its lost. Did you get yours yet? T What is a potential subject line for this email?

Battleground Galactica

Write a subject line for this message: Carolyn, I wasn't sure you had the last version. This is the version agreed to by GE, which should be attached to the letter agreement. I will email an exhibit which needs to be inserted.

CA Development Agreements

Write a subject line for this message: 30 days remain prior to the target date specified in an open audit observation. Please click on the document link below, review the observation / action step(s) / responsible person(s), and provide completion / progress report, updates, and revised target date, if any. NOTE: EACH E-MAIL REPRESENTS A SEPARATE AUDIT OBSERVATION. Click on this link to view document -->

"Project DoorStep" 30-DAY REMINDER

Write an email with the following subject: EOL deals with Coral July-Oct 2000

During June, Coral transacted on EOL. However, they selected a July thru October deal by mistake. The marketer immediately called the desk and we agreed to let them out of the deal, which resulted in the creation of a second deal in EOL. Coral is not reporting anything on the deal, since it was unwound. But, since EOL deals are automatically processed and are firm transactions, we cannot kill the deal on our side, even though they net to zero volume and price. Logistics will be brokering the transactions in MOPS. Please be sure that Coral is not invoiced or paid on these deals. Again, they will not have a record of the deals. The Sitara deals are: 287946 and 288653. Let me know if you have any questions. D

Here is a revised CA with CINergy. They also sent a clean version thinking that we might not have any changes other than what we had before. I am still trying to talk to Jeff about paragraghs #5 and #6. Thanks Ben Write a subject line for this email.

Confidentiality Agreement

Write an email with the following subject: EnronOnline Phase III

As you both know, we are working on the launch of Phase III of EnronOnline. Since we will be making changes to the website we are currently reviewing all content online. This is an opportune time to make any necessary changes. I have attached the Legal and Privacy section for your review. If you have any questions, please give me a call. Thanks,

This is an email Please note this meeting has now been rescheduled for Thursday, November 15, 2001 from 1:00 - 3:00 PM in EB49C2. For Omaha participants this meeting will be in OMA 7C2. Please mark your calendars. Thank You, What is the subject of this email?

How are we doing and what are my issues meeting?

Write a subject line for this message: The FT-NEAST-WH books were set up in the Agg-Gas II portfolio, but never added to the AGG-GAS III or AGG-GAS IV portfolios. Please add these books under the J_Mrha porfolio in AGG-GAS III and AGG-GAS IV. Thanks,

FT-NEAST-WH Books

Write a subject line for this message: Jeff, Now that the dust has started to settled (only slightly), I just want to write this note to wish you well. There are times when looking out for #1 is of paramount importance. While we are not in touch with one another to any great extent, I do empathize with you on the strains that you must have encountered over the last few years! Actually, I probably have no conception of the strain and pressure! Nonetheless, I hope we can remain in touch. To the extent that can help in any way (and I don't mean to be presumptuous), I would be delighted to do so. Best regards,

Wishing You Well!