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Proposed protocol for liquidating trading book

Julia, Liz - Ray Bowen told me to contact you about getting a copy of the draft protocal that has been presented to the Creditor Committee to give to PWC to review. Thanks! David

NEED COMMENTS-Dynegy v. ComEd response

Attached in very draft form is EPMI/EES's response against Dynegy's request that ComEd not allow Firm LD to be designated as a Network transmission resource. Please provide comments by COB Thurs 10/25. Thanks. Susan Lindberg 30596 and Christi Nicolay 37007.

Vepco Meeting

Please plan on attend a meeting on Monday, November 5 at 10:00am in conference room EB3125B. From Rahil: This meeting is to discuss our contract with VEPCO and the relevant issues surrounding that deal. Dave had requested this meeting when I spoke with him last week, and I've already mentioned this to Kevin, Elizabeth, and Heather. Checked with Richard Sanders' office and his Monday afternoon is fairly open for now. Pls. call me if you have any questions. I will be traveling, but will have my cell phone and e-mail. You may want to contact Heather if there is some urgent matter. Thanks in advance,

READ: Master Netting Status Request

Before you leave today or first thing in the morning, please advise Bradford, Rohauer and Kitchen by email of the status of the particular master netting agreements on which you are working. Barbara Gray is coordinating the release of the gas receivable financing so that we can execute the netting agreements and she will advise as and when finalized. As previously noted today, the power receivable financing will be released as we sign the netting agreements on a counterparty-by-counterparty basis.

Invitaton: An Evening of Hope and Healing

You're invited to join community and national experts as they discuss your most pressing concerns about September 11th and the ongoing issues we face as a nation. Operation Hope: Reclaiming Our Future One Step at a Time A cooperative community effort to provide a free evening of information, for the entire family (ages 5 and up) An evening of hope and healing and a blueprint on how to adapt to these challenging times! Sponsored by Enron

Duke Master Netting Agreement

Harlan: Per my voice mail message here is what needs to be done with Duke on a first priority basis: 1. Master Netting Agreement - please send the current template form to Janna Blanter (jxblanter@duke-energy.com), Greg Norman (gnorman@duke-energy.com) and George Brown (gvbrown@duke-energy.com). 2. In the short term we have agreed to net margin payments with respect to the ENA ISDA and the EPMI Master Power Agreement. Please prepare an agreement to do this which will terminate once the Master Netting Agreement is signed. 3. The Enron Corp. Guaranty needs to be increased from $100MM to $250 MM. 4. Jeff Hodge will be working on a Master Gas Agreement

WARNING: Your mailbox is approaching the size limit

This warning is sent automatically to inform you that your mailbox is approaching the maximum size limit. Your mailbox size is currently 88704 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.

Reminder - Annual Compliance Meeting

If you have already provided your RSVP, thank you. If not, please either respond to this email or contact Donna Wackerle with your attendance. Thank you.

Master Netting Agreements

Per Carol St. Clair, at this time, there is no urgency in finalizing and executing any master netting agreements. No master netting agreement should be signed without Bill Bradford's or Louise Kitchen's prior approval. If any questions, please contact either Carol or Elizabeth Sager. Thanks!

Master Contract Available in Word Format

Brenda please download this document and put in my directory in new file EEI Contract. After pulling down email copies to Sandra Hrna and Robbi Rossi. thanks

plans

Hi Alex THANKS - Ella rec'd the bathing suit and loves it. She put it on and wouldn't take it off. Perfect size. Perfect gift. WE ARE COMING - hope that's still OK. We finally booked our flight to NY. We are planning on coming up on Sat. July 22nd and leaving on Sunday the 30th. Not sure of the plans from there but will call you later. If this doesn't work for you guys, let me know. SO EXCITED about coming. Talk to you soon.

Sam's Birthday

Hi We are so bad - we suddenly woke up and realized that Friday is December 1st. That means Saturday is the 2nd - Sam's birthday. SO I'm writing invitations now. Here it is: Can Eleanor and Alice join us on Saturday for a train party at the zoo? Around 10:00? We would love to have you all come too, or not, if you prefer to ..... shop. PS Hope your holidays were, well, a holiday.

Sam's birthday

Hi Phil Just want to make arrangements for Sam's party Sat, at the zoo, at 1000 with the Foelbers( no parent), Millers(no parent) and you'all - You are invited with the girls and could meet us at the zoo or, if you want a more leisurely morning, we could pick up Eleanor and/or Alice and bring them home. If we were to pick them up, we would swing around about 945. Let me know what you would like. thanks

TVA Leter

This is another TVA letter. Can you please put in my directory, add our standard addresses and heading and set up for signature for Kevin Presto VP . I will work on editing letter after you fix format. thanks

Meeting at Dynegy office on Sept 12th, 2:30 to 5:30

Dynegy has requested a meeting with us to discuss what an "Into Product" is and how this product works with what is currently going on with transmission and how it may be impacted by future changes in transmission. Attendees from Dynegy will include Griff Jones (Dynegy's head of trading), Matt (whose last name I didn't get) and their lawyer Harlan Murphy. If you think somebody else should attend or if you want them to come over here, let me know and I can talk to Harlan. Assuming the meeting stays scheduled, I will schedule an internal meeting to briefly go over the EEI Into definition before we meet with Dynegy. As you are aware, in connection with the EEI effort we worked extensively with a large group of industry participants to define what an Into Product is. Dynegy and PECO were the two companies that were very outspoken against they way the product ultimately got defined. Dynegy put on a big dog and pony show before a large group of industry participants trying to argue that EEI's Into product was flawed. Their position, while not completely expressed, hinges on the concept that if you sell an Into Product and are making deliveries on firm transmission, then the Seller will always be excused from performance if the firm transmission gets cut for any reason (in general, this is contrary to EEI which obligates the Seller to go to another interface unless the cut was due to Buyer's use of non firm transmission when firm was available or due to Buyer's attempt to move the energy away from the receiving control area). Dynegy's approach was driven by the fact that they have extensive generation and that the vast majority of their deals go physical. At the time, we suggested that if they were worried about cuts in firm transmission, then they needed to sell a transmission contingent product. Dynegy's concept was rejected at the EEI meetings. I hope that the meeting will accomplish the following goals: 1. Get Dynegy to agree to trade Into with us under a common Into definition - Dynegy will not sign an EEI with us because of the Into definition. We trade Into extensively with them, but clearly do not have a common understanding of what we are trading. Critical to clear up this ambiguity. 2. Secure Dynegy as an advocate of EEI - Because Dynegy was so vocal against EEI's Into definition, if they now started using EEI, it would further boost acceptance of the contract and isolate PECO as the only other major voice against the Into definition. 3. Reexamine the Into Product as it is currently drafted and consider what will happen as access to transmission changes - Because the Into product is such an important part of East trading today, it is critical that internally we all agree how it should operate. Additionally, it is critical that we start thinking about how the Into product will be affected by changes in transmission, such as the advent of RTOs (with long term Into deals we may want to consider addressing what happens if the receiving control area goes into an RTO) Call me with any questions/thoughts. Thanks

Revised PG&E Standstill

Attached is revised draft that incorporates all of PG&E's earlier comments and is marked to show my proposed revisions. Please review and let me know if you have any comments. If possible, we should send back to PG&E today. Several Letters of Credit are soon to expire and we will otherwise need to provide substitute Letters by the 11th. As always, thanks for everyone's help.

Virginia Electric & Power

Janet and Genia Here is message and info re VEPCO. Janet can you pick this one up from Janice? Genia can you get file from Janice's office and give to Janet? Thanks

Insight Info Presentation in Oct.

Greg and Peter Pamela Hickerson called and wanted to know if I would be interested in speaking in Calgary in Oct. at seminar her organization is hosting. Greg I think you may already be speaking. Is that right? Would this be a good opportunity? She wants me to speak about US power trading contracts and on-line trading. Any thoughts if this is worthwhile? Thanks for you input.

TVA Control Areas - NERC Policies

As you are aware, the legal group has been considering EPMI's options given TVA's failure during the summer of 99 to treat Enron's control areas in a manner similiar to other control areas. One option we have considered is the possibility of claiming monetary damages against TVA for TVA's breach of NERC policies. In order to make such a statement, we would, in essence, be required to assert that the NERC policies are a "contract" which all NERC members are obligated to abide by and for which the failure to do so could result in monetary damages. One concern with this strategy is whether EPMI and/or its affiliates could possibly be damaged in other, unrelated proceedings if it was determined that NERC policies were indeed "contractual obligations" (e.g., a third party claims monetary damages against EPMI for an alleged violation of NERC "contractual policies"). It would be very helpful if you would consider this issue and get back to me with any thoughts or comments you have. Thanks for your help.

Finance meeting on structured deals

Attached is a memo from Julia about a meeting going over some of the deals, including power deals, that were closed last year. Background information on the deals could be helpful as several of these deals are likely to be administered by power trading. Let LindaNoske know if you can make it (lunch will be served)

TVA - Draft Amended Complaint

CONFIDENTIAL ATTORNEY WORK PRODUCT Here is the draft TVA petition covering all 3 issues we have with TVA that we are planning to file tomorrow, the 27th. Please call me no later than than 9:00 with any comments. Thanks

Revised SD Warren Term Sheet

Enclosed is a revised Term Sheet, one copy of which has been marked to show changes from Fred's last draft. The Term Sheet is intended to be in no way binding; references to the proposal being held "open" have been deleted. Also, I have not attempted to include any reference to SD Warren having the right to receive the financial benefits if EPMI resells the Power not used by SD Warren to NEPOOL at a price higher than the Contract Price (CFTC concerns). Dan - Could you please help me fix the definition of "Green Requirement". Fred - I wanted to stick to "would" instead of "will" as the operative verb in order to emphasize the non-binding nature of the proposal. If you have any questions or comments, please call me. I will not be in the office on Friday. In my absence, please call Leslie Hansen at 36121. Elizabeth 36349

BEAR (BE A Resource for CPS Kids) Holiday Fundraiser

Once again this year, I am leading the BEAR (BE A Resource for CPS Kids) Holiday Fundraiser. BEAR offers help and hope for abused and neglected children. This program is more commonly known during the holidays as the "BEARing Gifts" Program, and it assists an average of 800 children a month. Last year was the first year we called on Enron's Community Relations and our fellow employees to raise money for new bikes, in-line skates and scooters (each child also gets a helmet) for thousands of children under the care of Children's Protective Services. BEARing Gifts provides holiday gifts to CPS kids who otherwise would have no holiday at all. Please visit the Enron Lobby on November 5, 6, 7 or 8 between 11:00 a.m. and 1:00 p.m., make a donation, and participate in our raffle to win free airline tickets and many other fabulous prizes. For more information, contact Margaret Doucette at (713) 345-7892 or Janette Elbertson at (713) 853-7906. Thank you very much for your support. Mark Haedicke

SERC (Oconee 03)

Dear Power Outage Database Customer, Attached you will find an excel document. The outage contained within is a rescheduled outage. Your daily delivery will still contain this outage. In addition to the excel document, there is a dbf file that is formatted like your daily delivery you receive nightly. This will enable you to load the data into your regular database. Any questions please let me know. Thanks.

MAPP (Cooper)

Dear Power Outage Database Customer, Attached you will find an excel document. The outage contained within is a rescheduled outage. Your daily delivery will still contain this outage. In addition to the excel document, there is a dbf file that is formatted like your daily delivery you receive nightly. This will enable you to load the data into your regular database. Any questions please let me know. Thanks.

SERC (Canadys) WSCC (Contra Costa)

Dear Power Outage Database Customer, Attached you will find an excel document. The outage contained within is a rescheduled outage. Your daily delivery will still contain this outage. In addition to the excel document, there is a dbf file that is formatted like your daily delivery you receive nightly. This will enable you to load the data into your regular database. Any questions please let me know. Thanks.

Expense Reports

In anticipation of the imminent closing of the UBSW Energy transaction, please have all outstanding employee expenses in your possession filed through Enron's XMS system as soon as possible. Note to approvers - please approve these expense reports quickly. Enron will process and pay all pre-closing expenses. After transaction closing, payments for expenses submitted before closing (and put into Enron's XMS system) will be sent to your last known address or direct deposited into your account. Enron has committed to processing and paying any expenses incurred prior to transaction closing. If not completed this week, pre-closing expenses should be submitted on a hard copy expense report form which will be available at www.enron.com. There will be a series of e-mails coming out over the next few days highlighting the Travel & Entertainment policies of UBSW Energy and the procedures for processing and payment. If you have any questions, please contact Hope Vargas (3-5280) or Georganne Hodges (3-0430).

Fire Drill Scheduled

As required by the Houston Fire Department, a fire drill has been scheduled for the Enron Center Campus. Enron Center North, 1400 Smith St., approximately 3:15 PM on Thursday, December 20th, 2001 Enron Center South, 1500 Louisiana St., approximately 3:45 PM on Thursday, December 20th, 2001 Please advise all clients, contractors, and visitors that this will be a fire drill only. The fire alarm will sound at 3:15 PM in Enron Center North and 3:45 PM in Enron Center South. You will be asked to go to the stairwell and standby. Do not go into the stairwell. Further instructions will be given over the public address system. If you experience any difficulties in hearing either the fire alarm or any announcements over the public address system, please notify the Facilities Help Desk by e-mail at facilitieshelpdesk1@enron.com. Anyone that is mobility impaired or medically disabled may be excused from participating in this drill by sending an e-mail to Harry Grubbs. If you have any questions or need any additional information, please contact Harry Grubbs at 713-853-5417.

IIR Nuclear Report

NOTICE: "This is a TRIAL VERSION" Greetings, Please find the attached 7-Day forecast Nuclear status report. If you have any questions please email to outages@industrialinfo.com. Thanks,

MOVING

We will need to be packed and ready to move for WEDNESDAY, 02/06/02 & THURSDAY, 02/07/02. The move team will be moving our group during the day and the stenos will NOT be working until Monday, 02/11/02. Also, please make sure that we LOGOFF again tonight...the IT group could not migrate us over the weekend due to incomplete items with legal. They are going to try and take care of the migration tonight for the new UBS systems. Thanks for your help.

URGENT! URGENT! VIRUS ALERT!

Please be aware that there is an email circulating the Enron messaging environment !!! The infected email has the following characteristics : Subject : Hi Body : Hi, I found a cool site! <web link> It's really cool! An alternative version of the infected email also have an Excel spreadsheet attachment. If you receive this email, DELETE it immediately. DO NOT CLICK ON THE WEB LINK. DO NOT LAUNCH THE EXCEL ATTACHMENT! Please note that opening the email automatically via the "preview pane" does NOT launch the virus. The Enron global messaging service has taken the necessary steps to ensure all internet email sent to your Enron internet address is virus free. But there are ways that you can ensure viruses do not make their way into our environment : Always ensure you do not launch attachments or web links received from people you do not know. Always ensure that you do not access/launch/download any attachments from external (web-based) email service providers while you are using the Enron network. Detection + Prevention = Protection! Thank you.

IIR Nuclear Report

Nuclear 7-Day Forecast for our valued Customer Greetings, Please find the attached 7-Day forecast Nuclearstatus report. If you have any questions please email to outages@industrialinfo.com. Thanks,

RTO/regulatory update

Please see the attached update on RTO and other regulatory proceedings. If you have questions or need further information, please contact either Christi Nicolay or me. Susan Lindberg x30596

Something EVERY Business Needs [10y3ue]

Something EVERY business needs, a Merchant Account! A Merchant Account is the hardware and software which gives you the ability to allow customers to pay using any credit card such as Visa, Master Card, American Express, Discover etc., and other forms of payment such as e-Checks, Debit Cards and secure Internet based payment. We offer several different packages, any of which can be custom tailored to your needs. Services are currently provided to the United States only. To make a purchase or ask questions regarding our services, please reply to this email with your full name, phone number (with area code) and if possible a good time to have us contact you. You are under no obligations. A sales rep will contact you and will be able to address any of your questions or needs. Thank You

External E-Mail Sites

Everyone, In an effort to protect our computing systems from viruses and other potential threats, we have disabled the ability to get to external e-mail sites (AOL, Yahoo, Hotmail, etc.) while you are using an Enron computer connected to our network. If you are using a particular external e-mail site for valid business reasons and this action we have taken has impacted your business, you can contact your Resolution Center for assistance. Each case will be analyzed for validity and exceptions granted based on business related needs. Thank you for your understanding that protecting our revenue generating systems is our highest priority. Enron Global Technology

Enron and United Way's Continued Partnership

Last month all of your donations helped Enron raise a grand total of $6 million for the United Way, including our corporate match. Once again Enron employees made a difference and contributed more than any other pacesetter company in Houston. Also, congratulations to Elaine Brown with Enron Global Markets who won the drawing for two round-trip airline tickets for participating in this year's campaign. Thanks to everyone at Enron for your generosity! This week Enron and the United Way of the Texas Gulf Coast have entered in to yet another exciting partnership. Beginning with the Astros vs Giants game on Tuesday, October 2, one of Enron's primary signs at Enron Field will feature the United Way logo alongside the Enron logo. The decision to include United Way's logo on the sign marks the first time in history that a naming rights partner is sharing exposure on one of its primary in-stadium signage locations with a non-profit partner. This sign is also a free, innovative way to demonstrate Enron's support of the United Way and promote the agency's role in our community. The millions of fans who attend Astros games each season will see the sign. Be sure to look for this history-making sign hanging high above the outfield.

Enron Center South Occupancy

This weekend marks the first employee move into our new office building, Enron Center South. Approximately 400 Enron Global Markets employees will occupy the building's 3rd floor next Monday. In the ensuing six weeks another 1,500 employees from Enron Industrial Markets, Enron Net Works, and our Power and Gas Marketers will follow, occupying levels 4, 5, and 6. We know all employees are curious to experience this exciting new space. HOWEVER, since Enron only has an occupancy permit for these specific floors, including limited access corridors from the skywalk, we ask that: ONLY EMPLOYEES WHO ARE ASSIGNED OFFICE SPACE IN THE NEW BUILDING AND EMPLOYEES WITH STRICT BUSINESS NEEDS TO ACCESS OCCUPIED SPACE ARE PERMITTED TO BE IN THE NEW BUILDING. Your compliance is appreciated and will assist in our ability to effectively conduct business by not over crowding newly occupied areas with visitors. In addition, the balance of the building remains under construction and employees are strictly prohibited from entering these areas. We are planning an open house in late Nov. or early Dec. so that every employee has the opportunity to see for themselves what is truly a world class commercial trading environment. Thank you for your cooperation. Office of the Chairman

SERC Paradise 03

Dear Power Outage Database Customer, Attached you will find an excel document. The outages contained within are forced/derated outages. Your daily delivery will still contain these outages. In addition to the excel document, there is a dbf file that is formatted like the daily delivery you receive nightly. This will enable you to load the data into your regular database. Any questions please let me know. Thanks.

GREAT ROTATION OPPORTUNITY IN EBS ORIGINATION AMERICAS

******ATTENTION ANALYSTS****** GREAT ROTATION OPPORTUNITY IN EBS ORIGINATION AMERICAS There is a great rotation opportunity available in EBS Origination Americas under the management of Brian Spector available immediately. This rotation offers a vast amount of experience that would be beneficial in your future rotations and an opportunity to work with a fun group of hard working professionals. You will have the opportunity to: ? Learn and apply leading edge technology ? Learn about the deregulating industry (strategies are in flux, way of doing business is changing) ? Develop products to assist in the execution of a company's new strategy ? Innovate intermediation structures (i.e. monetizations, blend and extend) ? Focus on interaction with trading, mid-marketing, structures, and engineering ? Work on deals from start to finish ? Model interesting and complex structures Your specific role would entail: ? Working on over 10 deals with more in the prospect pipeline ? Working with a group responsible for selling another $400 mm worth of our network. This needs to be done in the next 12 months. ? Analyzing and understanding companies within telecom industries (cable, wireless, satellite, wireline) ? Understanding EBS' technological perspective, financial implications, and strategic issues related to deals ? Assisting in helping to determine new market targets

Rescheduled Outages

Dear Power Outage Database Customer, Attached you will find an excel document. The outages contained within are rescheduled outages. Your daily delivery will still contain these outages. In addition to the excel document, there is a dbf file that is formatted like the daily delivery you receive nightly. This will enable you to load the data into your regular database. Any questions please let me know. Thanks.

NPCC (Onondaga) & WSCC (Lost Creek) & ECAR (Bruce Mansfield 03)

Dear Power Outage Database Customer, Attached you will find an excel document. The outages contained within are rescheduled outages. Your daily delivery will still contain these outages. In addition to the excel document, there is a dbf file that is formatted like the daily delivery you receive nightly. This will enable you to load the data into your regular database. Any questions please let me know. Thanks.

WSCC (SONGS) & ERCOT (Limestone) Forced/Resched Outages

Dear Power Outage Database Customer, Attached you will find an excel document. The outages contained within are forced or rescheduled outages. Your daily delivery will still contain these outages. In addition to the two excel documents, there is a dbf file that is formatted like your daily deliveries you receive nightly. This will enable you to load the data into your regular database. Any questions please let me know. Thanks.

Hi!

Hey, Eric! What's up? I've talked to Khan and he said that you were in San Francisco. I hope everything is okay. Just write when you have time. Will you be able to go to Adnan's wedding? Unfortunately, I won't be able to. Just send him my regards when you see him. Cliff

Final Program Update Meeting - Tuesday, October 30

Over the past few weeks we have held several "Breakfast Club" meetings to update members of the Program and business units leaders on the results of the recent Program Survey, to discuss several initiatives we have underway, and to provide an opportunity for Q&A. I want to invite any of you who may not have been able to attend one of these four meetings, to a final meeting on Tuesday, October 30. The meeting will be held in EB 5C2, and will run from 7:30 to 8:30 am. A continental breakfast will be provided. Because space in this room is limited, please rsvp to my assistant Maxine Levingston by 12:00 noon on Monday, October 29. Maxine can be reached by email at Maxine.E.Levingston@ENRON.com <mailto:Maxine.E.Levingston@ENRON.com> <<mailto:Maxine.E.Levingston@ENRON.com>>. Best regards,

Jeff McMahon Named CFO

Today we announced the appointment of Jeff McMahon as Enron's chief financial officer. In my continued discussions with the financial community yesterday and today, it became clear that this move was required to restore investor confidence. Jeff has unparalleled qualifications and a deep and thorough understanding of Enron. He is already on the job and hard at work on the issues before us. Andy Fastow will be on a leave of absence from the company. Jeff had been serving as chairman and CEO of Enron Industrial Markets. He joined Enron in 1994 and spent three years in the London office as chief financial officer for Enron's European operations. Upon returning to the U.S., Jeff was executive vice president of finance and treasurer for Enron Corp. In 2000, he was named president and chief operating officer of Enron Net Works. I know all of you are concerned about the continuing decline in our share price. I am too, and we are working very hard to turn it around. Appointing Jeff as CFO is one important step in that process. But most of the solution involves just continuing to do our jobs with excellence. The fundamentals of our business are strong, and I think the market will begin to see that as we continue to perform. Please join me in giving Jeff your full support, and thank you for all of your continued hard work.

NPCC (Indian Pt), ERCOT (S. Texas), & FRCC (Crystal River) Resched Outages

Dear Power Outage Database Customer, Attached you will find an excel document. The outages contained within are rescheduled outages. Your daily delivery will still contain these outages. In addition to the excel document, there is a dbf file that is formatted like the daily delivery you receive nightly. This will enable you to load the data into your regular database. Any questions please let me know. Thanks.

MAIN (Waukegan) & SPP (Montrose) Forced/Resched Outages

Dear Power Outage Database Customer, Attached you will find an excel document. The outages contained within are forced or rescheduled outages. Your daily delivery will still contain these outages. In addition to the two excel documents, there is a dbf file that is formatted like your daily deliveries you receive nightly. This will enable you to load the data into your regular database. Any questions please let me know. Thanks.

Lugo and Transalta

For those of you that were not on this weekend I would like to inform you of a new possibility for sales. Transalta buys at both SP 15 and Mead 230 in both cases they plan to export to Lugo/Victorville. Since they ask to buy this power transmission contingent we can wheel through the ISO from PV to Lugo (ISO ID LUGO_5_VICTVL). They will pay a premium to get the power at lugo and they will buy the power transmission contingent. Have fun with it. Leaf

GOOD JOB

I wanted to commend the real time group for their efforts. For the past 6 month, I've noticed a dramatic difference in the accuracy of deal entry in Enpower. Accordingly, by the end of the day when I have to route, it has made my job that much easier. In the past it would take hours to figure out what deals were entered incorrectly. Now it is very rare that our position manager is off and this makes everyone's lives better! Keep up the great work guys!!!! Lisa

EWS Brown Bag

MARK YOUR LUNCH CALENDARS NOW ! You are invited to attend the EWS Brown Bag Lunch Series Featuring: LARRY LAWYER Topic: Enron Global Markets Thursday, June 21, 2001 11:30 a.m. - 12:30 p.m. EB 5 C2 You bring your lunch, Limited Seating We provide drinks and dessert. RSVP e-mail Kathie Grabstald or call x 3-9610

WAPA CRSP Losses for May

Dear Holden, Just wanted to let you know that per your agreement, I have entered deal # 650103.1 for WAPA CRSP May 2001 transmisison losses. The total is $ 10,016.00. Please contact me with any questions. Virginia

Fortune Survey May Be Coming Your Way

In the next few days, 250 randomly selected U.S.-based employees will receive Fortune's "100 Best Companies to Work for in America" survey. Check your home mailbox. You could be one of the lucky ones to receive this very important survey. The input you provide in this survey is the most important element in the evaluation process. Your honest and open responses, as well as written comments about your personal Enron experiences, will help Fortune gain an insider's viewpoint. So look for the survey in your home mailbox. Thanks for your participation.

Welcome: Patty Deas

We are pleased to announce the addition of Patty Deas to the Technical Services Team! Prior to moving to ENA, Patty was the Administrative Assistant for the EBS-Portland Wholesale Origination group, where she began working in 1997. She brings several years of extensive admin experience to our office. Please join us is welcoming Patty to ENA!

ACTION REQUIRED: Carpets Cleaned Evening of Wednesday, June 6

The carpet in our office is scheduled to be professionally cleaned on the evening of Wednesday, June 6. The Facilities office at World Trade Center is requesting we pick up trash cans, floor mats, boxes, etc., from the floor so they can effectively clean most of the carpets. Therefore, before you leave work on Wednesday, June 6, PLEASE pick up trash cans, floor mats, boxes, etc., from the floor so the carpet can be cleaned. Let me know if you have any questions.

10 MW schedule Heavy Load for the June 2nd at Mead

Please refer to Enron Tag #23876. The path is BHPLGS gen @ BHPLSYSTEM- BHPL (T) BHPL/STGL - BHPLGS - MEAN - LAPT(T)STEGW/DAVEJOHNSTON - MEAN - MIRANT- PPW(T)DAVEJOHNSTON/4C3- MIRANT- EPMI- APS(T)4C3/WW5 - EPMI- CRSPM1 - WALC(T)WW5/WW2- WALC(T)WW2/COOLADGE- CRSPM1 load @ COOLADGE. We had problems getting the tag approved. This is a good path and should flow. Both the generating and load control areas have a copy of this tag and have agreed to implement this schedule real-time even if the tag is denied. I spoke with Brandi at WACM (970) 461-7277 and Theresa at WALC (602) 352-2552. If there are any issues regarding how the load PSE should be represented on the tag, John Dake at WALC said the CRSPM1 was the appropriate PSE for these tags and there is no reason the schedule should be denied. You can reach me on my cell at 807-7861 if you have any additional questions.

***MESSAGE FOR LAPTOP USERS ONLY***

This message is for those of you with laptops. We have had some problems with laptops being able to dial into the network using the modem since the upgrade to Outlook has taken place. We believe that the installation of the Palm Pilots that happened at the same time is what has caused these problems. For those of you with laptops that have not tested the ability to dial into the network using Ipass since the upgrade, please do so. We have had a couple of people get stuck on the road with non functional modems and I want to try and catch the rest of you before you need the modem. Please get with one of us in the IT dept to schedule time to help you test and or fix any problems you may have. Thanks

Your Subscription to PIRA

Dear Colleague, This note is to inform you that, effective January 3, 2002, PIRA Energy Group will terminate delivery of the Energy Retainer Services, which we have been providing Enron for almost a decade. This action is based on the instructions we received from your company last month. Your Online password will be deactivated and your emails will cease.

Parking - ACTION REQUIRED

For the past several weeks, we have been working diligently to receive the parking subsidy from Houston. However, due to the bankruptcy filing Enron has not been able to process checks. For the month of December, you will be personally responsible for your parking. This includes all parking lots (Lot 108, Lot 303, the WTC parking garage) and any parking validations. If you have been parking in Lot 108, Lot 303 or Lot 2WTC, your responsibility begins 12/1/01. For those parking in other lots, we will be unable to reimburse employees for the month of December. For those who have a payroll parking deduction, we will stop the deduction on the 12/31/01 pay period. Grace and I are working on a resolution plan for the monies that were deducted incorrectly, so please be patient as we work through the various issues. It has not been determined whether Enron will continue to subsidize parking but you will be notified as soon as we receive information from Corporate. We sincerely apologize for the insufficient notice and the inconvenience that this may have caused. Again, thank you for the patience. We are all trying to do our best in a difficult situation! Human Resources Julie Kearney 503) 464-7404 Grace Rodriguez 503) 464-8321

DRAFT: INFORMATION, Please Read: UBSWE Migration postponed

Due to a variety of circumstances we did not migrate employees to the UBSWE environment tonight (Monday, February 4, 2002). We will communicate further details of the migration plan on Tuesday, February 5, 2002. Thank you for your cooperation in advance, please contact the Resolution Center at x 3-1411 should you have any questions. UBSW Energy Global Infrastructure

Drive Mappings In Terminal Server

All, The problem mapping to the P: and other drives in your Terminal Server Sessions has been resolved. To attach to this drive, please log out and back onto Terminal Server. Regards

Overview of Investor Conference Call

Today, Enron hosted a conference call to give investors a current overview = of the company. Here's an update of what we discussed during the call. We told investors that we're doing everything we can to protect their inter= ests and to regain their confidence. Our focus remains on our credit qualit= y, balance sheet and liquidity, which are essential for our continued succe= ss and expansion of our wholesale businesses. It took more than a few weeks to get where we are today. Here's a snapshot = of significant events that led to our current situation:

SAP Systems Outage Notification

System Outage Notification Outage Description: All SAP systems (including Prod Interface, all EBP systems, IPayIt and FTP servers) will be shutdown in order to upgrade our storage hardware. This maintenance is required to ensure that sufficient storage is available for the SAP Production systems. Date & Time of Outage: Outage Commences: November 9, 2001 @ 8:00pm CST Outage Ends: November 12, 2001 @ 2:00am CST Contacts: Contact: Contact Information:

M: Drive

All, The server that supports the M: drive is down. I will let you know the minute it's back up. If you have any questions, feel free to ask. Paul Kane Portland IT

WSCC-S Index Option

Holden your position @ WSCC-S is your Financial position w/ the Index Option. The strike is Palo Verde - since you are buying this option you are short the Palo Verde Index. If you select deal type in position mgr you will see the F for Financial. Heather

Lexis-Nexis Training: Houston & Worldwide / Dow Jones Training

eSource Presents Lexis-Nexis Training Basic Lexis-Nexis Basic is geared to the novice or prospective user. You will learn the basics of getting around Nexis.com. We will talk about news and company information available on Lexis-Nexis. Attend our Lexis-Nexis Basics Clinic: November 6 1:00 - 2:00 PM EB572 Due Diligence This session will focus on the specific company, public records, and other sources available on Lexis-Nexis that help you find all possible aspects of a company's business and strengths or liabilities. Attend our Lexis-Nexis Due Diligence Clinic: November 6 2:30 - 4:00 PM EB572 Seats fill up fast! To reserve a seat, please call Stephanie E. Taylor at 5-7928. The cost is $100.00 per person. No-shows will be charged $200.00. * Please bring your Lexis-Nexis login ID and password. If you don't have one, a guest ID will be provided. * * * eSource presents free Lexis-Nexis Online Training Using Placeware, an interactive web learning tool, you can participate in this training session from anywhere in the world. Basics Lexis-Nexis Basic is geared to the novice or prospective user. You will learn the basics of getting around Nexis.com and of the news and company information available on Lexis-Nexis. Attend our Lexis-Nexis Basics Online Clinic: November 14 10:00 AM Central Standard Time

Welcome new hire: Kara Ausenhus

We are pleased to announce the arrival of Kara Ausenhus as the Assistant for the Government & Regulatory Affairs Group. Kara comes to us from EBS-Portland, where she worked with the Optical Engineering group. Prior to working at Enron, she worked with the Delaware State Chamber of Commerce as a Manager of Special Events on their Special Events/Communication Team. Please join us in welcoming Kara to ENA!

EnTouch Newsletter

BUSINESS HIGHLIGHTS Enron Global Markets Enron Global Markets is again teaming up with The Society of the Plastics Industry Inc. trade association to organize its second educational seminar on risk management for the industry. It will be held from 8:30 a.m. to 12 p.m. on Thursday, Nov. 15, at Plastics Encounter in Atlanta, Georgia International Convention Center. Enron's risk management services provide plastics processors with customized financial products to help them manage their raw material and energy costs. Risk management products can protect processors from extreme price movements, minimizing earnings volatility and facilitating cash flow predictability. They also enable processors to increase pricing flexibility for their customers. Plastics Encounter Atlanta, formerly known as Plastics Fair, is a plastics industry trade show with a strong conference component and unique networking opportunities. EGM will have a booth at Plastics Encounter. Enron Global Liquids Enron Global Liquids will begin trading physical polypropylene and polyethylene plastics. This marks a huge step forward toward bringing a complete portfolio of solutions to this vibrant, cyclical, ubiquitous, 200 billion pound, industry. This is a great example of how EGL can apply the extremely successful Enron model (with physical, price risk management, and financing elements) to its commodity markets. The company will trade all commodity grades of polypropylene and polyethylene, the products used to manufacture such everyday items as packaging, grocery sacks, car bumpers, gas tanks, berber carpet, shampoo bottles, and bread bags among thousands of other items. IN THE NEWS UK: ANALYSIS-LME members survey hard choices ahead. By Martin Hayes; 10/18/2001 from Reuters English News Service (C) Reuters Limited 2001. LONDON, Oct 18 (Reuters) - The London Metal Exchange (LME) faces stormy times a year after demutualisation as members ask where their future lies - with electronic screens, on an open-outcry trading floor or even in some other type of business. The debate is happening as the global metals industry gathers in London for the LME's annual dinner week, which this year will be a subdued affair. "LME week will struggle to surprise against a backcloth of military action in Afghanistan, dismal economic data, forlorn price sentiment and optimists rarer than hen's teeth," analyst Nick Moore of J.P. Morgan Securities said. A veteran trader said, "It is going to be a less-populous affair this year. The people that have to do their annual deals will still be there, but we have noticed that people are not traveling unless they have to." The downturn in the economic cycle has hit the world's largest non-ferrous metals market hard. Years of volume growth have ended, prices have fallen to lows and shrinking revenues and commissions have pared many brokers' profits. MitsuiBussan has scaled back activities and no longer makes markets, ScotiaMocatta has left the floor and blue-blooded N.M. Rothschild has simply quit the non-ferrous metals business. LME trading remains dominated by the price discovery mechanism of the open-outcry official rings, but electronic systems have made deep inroads over the past year. "The trade is rapidly being condensed into the three screen mediums. Enron, Spectron and LME Select," a director at one broker said. WELCOME New Hires EIM - John Favorite, Michael Foster, Laura Carouthers, Mary Frederick ENA - Simon Burgess, Tuoyo Ekperigin, Stephanie Erwin, K.Vy Hopkins, Shirley Huang, Clinton Hurt, Remmy Idaewor Transfers (to or within) ENA - Jason Berlin NUGGETS & NOTES Congratulations to Kim Hillis-Humlicek, executive assistant in EA and husband, Robert, Sr. Specialist in Net Works. They are the proud parents of a baby girl, Brooke Anne, who was born October 12, 2001. Mom, Dad and baby are doing fine. Congratulations to Lisa Weavind and Steve Stenhouse, manager with EBS IRU Management, on the birth of a son, Cameron Michael Stenhouse. He was born on October 10, 2001, weighing 7 lbs. 5 oz. Enron Industrial Markets has MOVED to Enron Center South, 4th floor and Enron Global Markets has MOVED to ECS, 3rd Floor. EA is scheduled to move over the next few weeks. EnronOnline Figures Below are the latest figures for EnronOnline as of October 16 * Total Life to Date Transactions > 1,560,000 * Life to Date Notional Value of Transactions > $ 865 billion Enron Wholesale Services Best Practice Tips Ibuyit IT Equipment Ordering - Best Practice Standard templates are available in iBuyit for ordering common workstations, such as desktops and laptops. All necessary components for each common workstation have been bundled together in these templates. Timesaving Tip: When using these templates, click on "Select All;" otherwise, only a partial setup will be received. IBuyit Office Supplies Ordering - Best Practice Create separate Shopping Carts for office supplies and IT hardware items. All carts containing IT hardware items are routed to Purchasing for final review before processing; therefore, office supply requests will be delayed if combined with IT hardware. We are looking for speakers for the Brown Bag Lunch Series. We would love to hear from every team! If you have just completed a deal, are working on a special project or are a member of a team that you think would be of interest to the EWS staff at large, then contact Kathie Grabstald at x 3-9610 and we'll get you signed up to share your news with all of us. Note: All sessions take place in EB 5C2 from 11:30 AM to 12:30 PM. LEGAL STUFF The information contained in this newsletter is confidential and proprietary to Enron Corp. and its subsidiaries. It is intended for internal use only and should not be disclosed.

On Monday we will be trading and scheduling for 3 days.

On Monday Oct. 22nd we will be scheduling for Tuesday Oct. 23, Wednesday Oct. 24, & Thursday Oct. 25. The WSCC has designated this schedule to accommodate the Bi-Annual schedulers conference that will be held on the 23rd & 24th. Diane, Donald, & Stacy will be out of the office on those days attending the meeting but will be available by cell phone. Thanks,

Travel Security Update

As the United States begins to recover from the tragic events of September 11, it is important that Enron and its employees also begin the task of returning to "business as usual." As a company with a global presence, returning to normal business practices necessarily involves travel. The FAA has already implemented strengthened security measures for U.S. airports and air carriers to ensure air transportation is safe, secure, and ready to meet the needs of the traveling public. We encourage all employees to return to their regular travel schedules. We have no reason to believe that international travel is inherently unsafe at this time, although we strongly recommend -- in conjunction with the U.S. Department of State -- that all travel to Afghanistan, Yemen, Pakistan, Indonesia, Iran, Iraq, Sudan, Somalia, Tajikistan, Turkmenistan, Georgia, and the Kyrgyz Republic be canceled. In addition, we recommend that planned travel to Egypt, Israel, Gaza/West Bank, Jordan, Lebanon, Saudi Arabia, Syria, and Algeria be very carefully considered.

Message from Ken Lay

Earlier today, I stepped down as Enron's Chairman of the Board and Chief Executive Officer. This decision was reached in cooperation with Enron's Board and the Creditor Committee and is effective immediately. To emerge from bankruptcy, Enron needs a CEO who can focus 100 percent of his or her efforts on rebuilding the company. Unfortunately, with multiple inquiries and investigations that require my immediate attention, at this time I am unable to fully concentrate on what is most important to Enron's stakeholders - preserving value for our creditors and our dedicated employees. The Creditor Committee has begun a search for a restructuring specialist to serve as interim CEO to help the company emerge from bankruptcy. This individual will join Enron's remaining management team to direct the company's ongoing operations. I truly believe Enron can and will survive. I will remain a Director of the Board to help see that it does. During my time at Enron, I have witnessed tremendous change and opportunity. I have seen people rigorously grow and maintain one of the world's most efficient and safest gas pipeline networks; I have seen people dedicate themselves to a cause that became a passion - the opening of energy markets; I have observed smart people come together as a team to build creative solutions like EnronOnline; and I have watched people tirelessly give of themselves to help their fellow employees and those in the community. Regardless of what has happened, I am proud of so much of what we were able to accomplish here. Thank you for your contributions to the company and for the inspiration you have been to me over the years. Ken Lay

ACTION REQUESTED- Virus Scan Update

Everyone, Once again, there are a number of new viruses that have been released on the internet that are causing us to do frequent updates to our virus protection software. We have an automated process to update our workstations with the latest virus protection updates. However, there may be some machines that didn't get the update. In order to prevent these viruses from infecting your machine, please assist by doing one of the following tasks. 1. Logout of the network and log back in or 2. Click on START>PROGRAMS>ACCESSORIES>Norton AntiVirus Corporate Edition and then click the Live Update button. This will pop up a screen where you will have to click the "Next" button and then a "Finish" button. (If you are an EES user, you will only be able to use option #1 as you use a different virus protection product.) The proper version of the update pattern you need is: (9/24/2001, version 30924p) If you have questions or concerns, please direct them to your Resolution Center. Enron Global Technology

EOL

The EOL cluster will be going down from 3:30 to 4:00pm. No reason was given. We will keep you informed of any changes to the cluster going down. Regards,

CORRECTION- Routing of Calls to EES Business Center

Please note the correction to the following memo. The phone number is 800-337-7827 (800-EES-SVCS). Please accept my apologies for any inconvenience this may have caused anyone. EES Office of the Chairman

Lay It On the Line

At the all-employee meeting two weeks ago, I talked about the major challenges that I believe Enron is currently facing and what we are doing to address these issues. I also reviewed with you our vision for Enron to become "The World's Leading Company," and what that means to me. Your management team and I remain committed to this goal and are confident that by working together, we can achieve this vision. After the all-employee meeting, a number of you came forward to voice your concerns about what you saw as additional challenges for Enron, and for that, I thank you. We have already begun working on many of the concerns you expressed. Now, I would like to hear from more of you about what you see as the most critical issues facing Enron in the next twelve months. In other words, "Lay It on the Line" for me by completing the attached survey. I assure you that your individual answers to this survey will remain confidential. The new Management Committee will use this information to help us identify immediate action steps to address your key concerns. We will communicate the results to you, both positive and negative, and what we plan to do about them, as soon as we can. Thank you in advance for taking the time to help us move Enron toward its new vision of becoming "The World's Leading Company."

NPC(T)

Stacy, I have a tag that I think you made under West Desk. (# 28010) The tag is showing 800 mw's of NPC (t). The system doesn't have this transmission in it. I'm checking out with NPC and I need to get your ok or Holden's to put it in Enpower. Thanks

Pac (t) true up for July, 2nd version

Deal excluded on Services desk on the original version and ST SW desk was adjusted differently. Please see me if you have any questions. Thanks

Floor Meeting, Today, 11:30 AM

There will be a floor meeting today at 11:30 AM. The Volume Management class scheduled for today is postponed. It will take place on Wednesday, January 23 at 11:00 AM in Mt. Hood.

New Stock Symbol

Enron announced today that its common stock will now be traded as an Over-the-Counter (OTC) equity security under the symbol "ENRNQ." This follows a decision by the New York Stock Exchange (NYSE) to file an application to delist Enron's common stock, which means that Enron's common stock and related securities are suspended from trading on the NYSE. Enron is considering whether to appeal the NYSE's decision. The NYSE has standard criteria for listing stocks, which can be found on their website at www.nyse.com. Enron recently fell below the following listing criteria: average closing price of a security less than $1.00 over a consecutive 30 trading-day period. Quotation service for Enron's stock will now be provided by the National Quotation Bureau, LLC "Pink Sheets."

All Employee Meeting today at 8:00 PST

The meeting today will be displayed on the Plasma Screens starting at 8:00 am (pst). As we have a limited number of connections to Houston for this meeting please view the meeting from this area if possible. Regards

2002 Holiday Schedule

Below is the Enron 2002 holiday schedule. Remember, Enron's offices will be closed in observance of Martin Luther King Day this coming Monday, January 21. Enjoy the long weekend! New Year's Day Tuesday, January 1 Martin Luther King Day Monday, January 21 President's Day Monday, February 18 Memorial Day Monday, May 27 Independence Day Thursday, July 4 Labor Day Monday, September 2 Thanksgiving Day Thursday, November 28 Thanksgiving Observance Friday, November 29

Jeff Skilling

Change is inevitable (especially at Enron)! Although the announcement of Jeff Skilling's resignation is a surprise and generally sad news, it is important to remember that our business here in Portland will not be affected by Jeff's departure. Likewise, the leadership of Enron Americas and the broader Enron Wholesale Services management team remains unchanged by this announcement. In summary, business as usual! Tim Belden Chris Calger

TEESSIDE POWER STATION -- UPDATE

The funerals of Andy, Darren and Paul, who tragically lost their lives in last Wednesday's explosion at Teesside Power Station, will be held this week at the following times: Andy Sherwood 2.00pm, Wednesday, August 15 St James Church, Hartlepool Darren Higgins 9.15 am, Thursday, August 16 St. Andrews Church, Teesville, Middlesbrough Paul Surtees 1.30 pm, Thursday, August 16 Easington Church of the Ascension, Easington Colliery We know that everyone at Enron will want to remember the colleagues we have lost at this difficult time, and our thoughts and prayers are with their families and friends. We are considering how best to commemorate the lives of Andy, Darren and Paul, and will be discussing our ideas with their families, in due course. Graeme White is recovering in Middlesbrough General Hospital where his condition remains stable and we are continuing to provide as much support as possible for Graeme and his family. The plant remains off-line and Enron continues to co-operate fully with the Health & Safety Executive's investigation into the cause of the explosion. John Sherriff and Michael Brown

New Enpower Position Manager ****DEMO DAYS**** TOMORROW

Good Morning, We have a new Enpower Position Manager ready for DEMO. The new Position Manager has the capability to build a custom volumetric real-time position based on the data in Enpower. I think it could replace the Forward Obligations Report, current Real Time Position manager, and the Day Ahead Hourly Position Manager if you guys like it. I will be conducting the demonstration tomorrow, Thursday, August 9th, in Mount Hood starting at 11:00am. Please stop by if you can and let me know your thoughts. Thanks, David Poston

Mid-Year Promotions in Portland

We are pleased to announce the following mid-year promotions. Typically, we do few to no mid-year promotions, but given the accomplishments of this office over the last few years and the individual contributions that have led to our succes, we feel that these are both well-deserved and appropriate. Please join us in congratulating the following individuals who were promoted from Manager to Director: Tom Alonso Bob Badeer Mike Etringer Mark Fischer John Malowney Diana Scholtes Regards,

SRP deal 683455.1

Tom, Can you confirm our price on this deal. SRP is telling us that they see this deal at $51. We have it at $41. I have requested the tape from SRP. MP

****VOICE MAIL PROBLEMS****

PGE has informed us that they have a couple of voice mail cards that are down. WHAT THIS MEANS: If a call that is going to voice mail hits one of these cards, the call will continue to ring without ever getting to voice mail. This is a random event as calls get routed to cards based on availability. If this happens, the party would have to call back and try again, or get a hold of your admin to leave a written message. THE FIX: PGE will have cards here in the morning and will replace them on Saturday. They are waiting to do this because it will require a system wide outage of voicemail. The repair is currently scheduled for this Saturday, 10:00 PST and should last no more than 2 hours. Please let me know if you have any questions. Regards

WAPA cut on 6-2-01

Dear ST_SW Traders, FYI - There was a cut on deal # 622350.1 on June 2, 2001 for HE 11. It was a real time cut that reduced the schedule from 40 MW to 25 MW. Mirant is at fault for the cut. (our up-stream is PAC). We originally thought that this got booked out between Mirant and WAPA, but when I spoke with Kathy yesterday, she informed me that there was no bookout and that they want to cut the schedule. (the people involved during the cut were Geir at EPMI, Bob at PAC, Emily at Mirant, and Jackie for WAPA (Jackie is a control area dispatcher, so she cannot do bookouts for WAPA, hence there was no bookout)). We have agreed that to cut the schedule will be the best for now. They do not plan on charging us LD's (she's checking with her boss to make sure.) We will just reduce the schedules to 25 for HE 11. It is up to you if you want to charge LD's to Mirant for the spread. Just wanted to let you know and get your input. Virginia

Unit Outages & Communicating with the ISO

After slugging it out with the ISO last week I think we understand the protocols for communicating with them re: unit outages. We need to communicate with 2 different groups: the Generation Outage Desk and the Real Time Desk. First, we fill out an outage report and send it to the Generation Outage Desk. When the outage is over or the period of the outage changes, we are required to telephone the Real Time Outage Desk. That phone number is 916/351-2488. When the calls come in to Real Time from the ISO asking about the outages, they are following up on reports we have filed to see if our outage is ending as planned. The Services Desk will be responsible for communicating with both the Generation Outage Desk and the Real Time Outage Desk, but Real Time should try to be aware of all outages and be able to communicate with the ISO when they call. Services will communicate outages to Real Time. Thanks

[EDIS] EQ MAG 6 6 SOUTHERN PERU [News: Statewide]

U.S. GEOLOGICAL SURVEY NATIONAL EARTHQUAKE INFORMATION CENTER World Data Center for Seismology, Denver Reply to: sedas@neis.cr.usgs.gov or neic@usgs.gov The following is a release by the United States Geological Survey, National Earthquake Information Center: A strong earthquake occurred about 135 miles (220 km) WNW of Arequipa, Peru at 7:53 AM MDT today, Jul 5, 2001 (8:53 AM local time in Peru). A PRELIMINARY MAGNITUDE OF 6.6 WAS COMPUTED FOR THIS EARTHQUAKE. The magnitude and location may be revised when additional data and further analysis results are available. This earthquake is the second largest aftershock of the June 23, 2001 magnitude 8.4 event which killed at least 77 people and caused extensive damage in the Arequipa-Camana-Tacna area. No reports of damage or casualties have been received at this time; however, this earthquake may have caused damage due to its location and size. EDIS-07-05-01 0835 PDT

EES Mailing List - PLEASE READ

Please disregard previous e-mails regarding the EES Mailing List. Instead of spending time typing out a lengthy distribution list, simply send the Real Time sheet to EES POWER SETTLEMENTS and it will reach all the relevant people. As always, let me know if you have questions. Thanks,

APS to Pinnacle West

Just a reminder. Make sure you are using Pinnacle West and not APS when you are putting these deals in for this counter party. We've been getting a lot of disputes related to this problem. Thanks

UBS Wins

John Lavorato confirmed that UBS is indeed the winner. As I understand it, UBS has come to an agreement with Enron for the purchase of the North America Gas/Power Trading and Marketing organization. We either have received or are expected to receive approval from the Creditors committee today. Creditors Committee approval is considered likely as they have been in the loop on this transaction all along. It will most likely go in front of the judge on Monday. Approval from the judge is expected. I have a meeting in the next couple of hour where I will get more details. Stay tuned ... Tim

EnronOnline- Change to Autohedge

Effective Monday, October 22, 2001 the following changes will be made to the Autohedge functionality on EnronOnline. The volume on the hedge will now respect the minimum volume and volume increment settings on the parent product. See rules below: ? If the transaction volume on the child is less than half of the parent's minimum volume no hedge will occur. ? If the transaction volume on the child is more than half the parent's minimum volume but less than half the volume increment on the parent, the hedge will volume will be the parent's minimum volume. ? For all other volumes, the same rounding rules will apply based on the volume increment on the parent product. Please see example below: Parent's Settings: Minimum: 5000 Increment: 1000 Volume on Autohedge transaction Volume Hedged 1 - 2499 0 2500 - 5499 5000 5500 - 6499 6000

REPLY REQUESTED & INFORMATION - 20K & Relay

Team Roster If you know of any Enron employee running the race this Sunday, please send me their name and age. Thanks! Enron's 20K Team Roster Christina Albers Sean Maki Jim Saunders Reyna Cabrera Travis MCCullough Doug Schroeder Joel Chua Michael Morrison Susan Scott Gavin Dillingham Jeanette Nickell Vikram Singh Julie Flahaven Cynthia Pearse Robert Stalford Tim Flahaven Marc Phillips Jennifer Stewart Danny Foster Becky Pitre Laura Vargas Marc Hensel Everett Plante Michelle Waldhauser Elizabeth Hutchinson Kristin Quinn Nicole White Deborah Kelly Gari Ramirez Karl Klicker Cindy Richardson Bryan Lari David Roland Brad Lawson Monique Sanchez Enron's Relay Team Roster Open Men's Justin Chaston & Ricky Rivera Open Mixed Wade Koteras & Pam Weikel Master's Mixed Catalina Ayala-Nelson & Blake Walker Champion Chip Pick up It is IMPORTANT that a chip be worn by all Enron runners and relayers. Chips may be picked up between 5:30 - 6:45 a.m. near the Start line. Relay runners will receive one ankle chip strap. Packet Pick Up If you registered through the ERC, packets will be available at Cindy Richardson's office, EB4845 on Friday morning. Please arrange to pick up your packet by 5:00 p.m. Unable to Run the Race? If for whatever reason you are unable to participate and the ERC paid for your entry, please forward a check in the amount of $25.00 made payable to "Enron Running Club" and send to Cindy Richardson, EB4845. Uniforms & Running Gear If you are running this weekend and have not received an ERC singlet/shirt, please let me know. Also, we have additional running gear with the Enron logo for sale (i.e. jog bras, tights, shorts, socks, t-shirts, CoolMax long sleeve shirts, etc.). Team Photo See you at the Start for a group photo at 6:30 a.m. Look for the Enron flag and you'll find the Team! ~ ~ ~ ~ ~ Good Luck, Runners! ~ ~ ~ ~ ~

Legal Team Meeting Time Has Changed

Please note, the starting time for today's Legal Team meeting has changed from 5:00 p.m. to 6:00 p.m. (CST). The meeting will take place in either EB3321 or EB3328. Thank you.

Crescendo Threatened Litigation/ Colorado Counsel

As you know, we received a letter from Rocky Mountain Helium ("RMH") threatening litigation in connection with Enron's investment in Crescendo. We believe that if RMH files suit, it will be in Federal Court in Denver. Do you guys have a firm that you have used in Colorado (preferably Denver) that you would like me to call about this case? Thanks in advance.

Bid/Ask

Kevin Montagne is running the "code" reports. I should have them sometime Tuesday. I spoke will Bill and let him know we would have the "code" tomorrow. Kevin Montagne said his research indicates we do lock two records when there is an order. I relayed that info to Bill.

Proposed Housekeeping Solution

Following up on the earlier email I sent, it may make sense to delegate a lot of the information gather than we will need for conflicts/disclosure requirements (in the event of contingency planning) to Lisa Mellencamp. She is so familiar with the informational needs that it will take some of the load off of you. If you think that makes sense, let me know -- or better yet, you can ask

Retention of Pruitt Gushee

Crescendo Energy, LLC, which is approximately 88% owned by Trutta and JEDI II, may be put into bankruptcy. In any event, they do not have funds to pay attorneys' fees. We need approval for their use of:

Invoice

Richard, Guido Tawil of M&M Bomchil called about the invoice referenced below. Apparently it has not been paid. Any news on its status? Thanks. Regards,