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(0, text Date: Mon, 14 May 2001 16:39:00 -0700 (PDT)\nFrom: phillip.allen@enron.com\nTo: tim.belden@enron.com\nSubject: \nBody: \nHere is our forecast\n Name: 0, dtype: object)

(1, text Date: Fri, 4 May 2001 13:51:00 -0700 (PDT)\nFrom: phillip.allen@enron.com\nTo: john.lavorato@enron.com\nSubject: Re:\nBody: \nTraveling to have a business meeting takes the fun out of the trip. Especially if you have to prepare a presentation. I would suggest holding the business plan meetings here then take a trip without any formal business meetings. I would even try and get some honest opinions on whether a trip is even desired or necessary.\nAs far as the business meetings, I think it would be more productive to try and stimulate discussions across the different groups about what is working and what is not. Too often the presenter speaks and the others are quiet just waiting for their turn. The meetings might be better if held in a round table discussion format. \nMy suggestion for where to go is Austin. Play golf and rent a ski boat and jet ski's. Flying somewhere takes too much time. Name: 1, dtype: object)

(2, text Date: Wed, 18 Oct 2000 03:00:00 -0700 (PDT)\nFrom: phillip.allen@enron.com\nTo: leah.arsdall@enron.com\nSubject: Re: test\nBody: \ntest successful. way to go!!! Name: 2, dtype: object)

(3, text Date: Mon, 23 Oct 2000 06:13:00 -0700 (PDT)\nFrom: phillip.allen@enron.com\nTo: randall.gay@enron.com\nSubject: \nBody: \nRandy,\n Can you send me a schedule of the salary and level of everyone in the \nscheduling group. Plus your thoughts on any changes that need to be made. \n(Patti S for example)\nPhillip Name: 3, dtype: object)

(4, text Date: Thu, 31 Aug 2000 05:07:00 -0700 (PDT)\nFrom: phillip.allen@enron.com\nTo: greg.piper@enron.com\nSubject: Re: Hello\nBody: \nLet's shoot for Tuesday at 11:45. Name: 4, dtype: object)

(5, text Date: Thu, 31 Aug 2000 04:17:00 -0700 (PDT)\nFrom: phillip.allen@enron.com\nTo: greg.piper@enron.com\nSubject: Re: Hello\nBody: \nGreg,\n How about either next Tuesday or Thursday?\nPhillip Name: 5, dtype: object)

(6, text Date: Tue, 22 Aug 2000 07:44:00 -0700 (PDT)\nFrom: phillip.allen@enron.com\nTo: david.l.johnson@enron.com, john.shafer@enron.com\nSubject: \nBody: \nPlease cc the following distribution list with updates:\nPhillip Allen (pallen@enron.com)\nMike Grigsby (mike.grigsby@enron.com)\nKeith Holst (kholst@enron.com)\nMonique Sanchez\nFrank Ermis\nJohn Lavorato\nThank you for your help\nPhillip Allen Name: 6, dtype: object)

(7, text Date: Fri, 14 Jul 2000 06:59:00 -0700 (PDT)\nFrom: phillip.allen@enron.com\nTo: joyce.teixeira@enron.com\nSubject: Re: PRC review - phone calls\nBody: \nany morning between 10 and 11:30 Name: 7, dtype: object)

(8, text Date: Tue, 17 Oct 2000 02:26:00 -0700 (PDT)\nFrom: phillip.allen@enron.com\nTo: mark.scott@enron.com\nSubject: Re: High Speed Internet Access\nBody: \n1. login: pallen pw: ke9davis\n I don't think these are required by the ISP \n 2. static IP address\n IP: 64.216.90.105\n Sub: 255.255.255.248\n gate: 64.216.90.110\n DNS: 151.164.1.8\n 3. Company: 0413\n RC: 105891 Name: 8, dtype: object)

(9, text Date: Mon, 16 Oct 2000 06:44:00 -0700 (PDT)\nFrom: phillip.allen@enron.com\nTo: zimam@enron.com\nSubject: FW: fixed forward or other Collar floor gas price terms\nBody: \n---------------------- Forwarded by Phillip K Allen/HOU/ECT on 10/16/2000 \n01:42 PM ---------------------------\n"Buckner, Buck" <buck.buckner@honeywell.com> on 10/12/2000 01:12:21 PM\nTo: "'Pallen@Enron.com'" <Pallen@Enron.com>\ncc: \nSubject: FW: fixed forward or other Collar floor gas price terms\nPhillip,\n> As discussed during our phone conversation, In a Parallon 75 microturbine\n> power generation deal for a national accounts customer, I am developing a\n> proposal to sell power to customer at fixed or collar/floor price. To do\n> so I need a corresponding term gas price for same. Microturbine is an\n> onsite generation product developed by Honeywell to generate electricity\n> on customer site (degen). using natural gas. In doing so, I need your\n> best fixed price forward gas price deal for 1, 3, 5, 7 and 10 years for\n> annual/seasonal supply to microturbines to generate fixed kWh for\n> customer. We have the opportunity to sell customer kWh 's using\n> microturbine or sell them turbines themselves. kWh deal must have limited/\n> no risk forward gas price to make deal work. Therein comes Sempra energy\n> gas trading, truly you.\n>\n> We are proposing installing 180 - 240 units across a large number of\n> stores (60-100) in San Diego.\n> Store number varies because of installation hurdles face at small percent.\n>\n> For 6-8 hours a day Microturbine run time:\n> Gas requirement for 180 microturbines 227 - 302 MMcf per year\n> Gas requirement for 240 microturbines 302 - 403 MMcf per year\n>\n> Gas will likely be consumed from May through September, during peak\n> electric period.\n> Gas price required: Burnertip price behind (LDC) San Diego Gas & Electric\n> Need detail breakout of commodity and transport cost (firm or\n> interruptible).\n>\n> Should you have additional questions, give me a call.\n> Let me assure you, this is real deal!!\n>\n> Buck Buckner, P.E., MBA\n> Manager, Business Development and Planning\n> Big Box Retail Sales\n> Honeywell Power Systems, Inc.\n> 8725 Pan American Frwy\n> Albuquerque, NM 87113\n> 505-798-6424\n> 505-798-6050x\n> 505-220-4129\n> 888/501-3145\n> Name: 9, dtype: object)

(10, text Date: Mon, 16 Oct 2000 06:42:00 -0700 (PDT)\nFrom: phillip.allen@enron.com\nTo: buck.buckner@honeywell.com\nSubject: Re: FW: fixed forward or other Collar floor gas price terms\nBody: \nMr. Buckner,\n For delivered gas behind San Diego, Enron Energy Services is the appropriate \nEnron entity. I have forwarded your request to Zarin Imam at EES. Her phone \nnumber is 713-853-7107. \nPhillip Allen Name: 10, dtype: object)

(11, text Date: Fri, 13 Oct 2000 06:45:00 -0700 (PDT)\nFrom: phillip.allen@enron.com\nTo: stagecoachmama@hotmail.com\nSubject: \nBody: \nLucy,\n Here are the rentrolls:\n Open them and save in the rentroll folder. Follow these steps so you don't \nmisplace these files.\n 1. Click on Save As\n 2. Click on the drop down triangle under Save in:\n 3. Click on the (C): drive\n 4. Click on the appropriate folder\n 5. Click on Save:\nPhillip Name: 11, dtype: object)

(12, text Date: Mon, 9 Oct 2000 07:16:00 -0700 (PDT)\nFrom: phillip.allen@enron.com\nTo: keith.holst@enron.com\nSubject: Consolidated positions: Issues & To Do list\nBody: \n---------------------- Forwarded by Phillip K Allen/HOU/ECT on 10/09/2000 \n02:16 PM ---------------------------\nRichard Burchfield\n10/06/2000 06:59 AM\nTo: Phillip K Allen/HOU/ECT@ECT\ncc: Beth Perlman/HOU/ECT@ECT \nSubject: Consolidated positions: Issues & To Do list\nPhillip,\n Below is the issues & to do list as we go forward with documenting the \nrequirements for consolidated physical/financial positions and transport \ntrade capture. What we need to focus on is the first bullet in Allan's list; \nthe need for a single set of requirements. Although the meeting with Keith, \non Wednesday, was informative the solution of creating a infinitely dynamic \nconsolidated position screen, will be extremely difficult and time \nconsuming. Throughout the meeting on Wednesday, Keith alluded to the \ninability to get consensus amongst the traders on the presentation of the \nconsolidated position, so the solution was to make it so that a trader can \narrange the position screen to their liking (much like Excel). What needs to \nhappen on Monday from 3 - 5 is a effort to design a desired layout for the \nconsolidated position screen, this is critical. This does not exclude \nbuilding a capability to create a more flexible position presentation for the \nfuture, but in order to create a plan that can be measured we need firm \nrequirements. Also, to reiterate that the goals of this project is a project \nplan on consolidate physical/financial positions and transport trade capture. \nThe other issues that have been raised will be capture as projects on to \nthemselves, and will need to be prioritised as efforts outside of this \nproject.\nI have been involved in most of the meetings and the discussions have been \ngood. I believe there has been good communication between the teams, but now \nwe need to have focus on the objectives we set out to solve.\nRichard \n---------------------- Forwarded by Richard Burchfield/HOU/ECT on 10/06/2000 \n08:34 AM ---------------------------\nAllan Severude\n10/05/2000 06:03 PM\nTo: Richard Burchfield/HOU/ECT@ECT\ncc: Peggy Alix/HOU/ECT@ECT, Russ Severson/HOU/ECT@ECT, Scott \nMills/HOU/ECT@ECT, Kenny Ha/HOU/ECT@ECT \nSubject: Consolidated positions: Issues & To Do list\nFrom our initial set of meetings with the traders regarding consolidated \npositions, I think we still have the following issues:\nWe don't have a single point of contact from the trading group. We've had \nthree meetings which brought out very different issues from different \ntraders. We really need a single point of contact to help drive the trader \nrequirements and help come to a consensus regarding the requirements.\nWe're getting hit with a lot of different requests, many of which appear to \nbe outside the scope of position consolidation.\nThings left to do:\nI think it may be useful to try to formulate a high level project goal to \nmake it as clear as possible what we're trying to accomplish with this \nproject. It'll help determine which requests fall under the project scope.\nGo through the list of requests to determine which are in scope for this \nproject and which fall out of scope.\nFor those in scope, work to define relative importance (priority) of each and \nwork with traders to define the exact requirements of each.\nDefine the desired lay out of the position manager screen: main view and all \ndrill downs.\nUse the above to formulate a project plan.\nThings requested thus far (no particular order):\nInclusion of Sitara physical deals into the TDS position manager and deal \nticker.\nCustomized rows and columns in the position manager (ad hoc rows/columns that \nadd up existing position manager rows/columns).\nNew drill down in the position manager to break out positions by: physical, \ntransport, swaps, options, ...\nAddition of a curve tab to the position manager to show the real-time values \nof all curves on which the desk has a position.\nAbility to split the current position grid to allow daily positions to be \nshown directly above monthly positions. Each grouped column in the top grid \nwould be tied to a grouped column in the bottom grid.\nAbility to properly show curve shift for float-for-float deals; determine the \nappropriate positions to show for each:\nGas Daily for monthly index,\nPhysical gas for Nymex,\nPhysical gas for Inside Ferc,\nPhysical gas for Mid market.\nAbility for TDS to pull valuation results based on a TDS flag instead of \nusing official valuations.\nPosition and P&L aggregation across all gas desks.\nAbility to include the Gas Price book into TDS:\nInclusion of spread options in our systems. Ability to handle volatility \nskew and correlations.\nAbility to revalue all options incrementally throughout the trading day. \nApproximate delta changes between valuations using instantaneous gamma or a \ngamma grid.\nValuation of Gas Daily options.\nA new position screen for options (months x strike x delta). TBD.\nInclusion of positions for exotic options currently managed in spreadsheets.\nAbility to isolate the position change due to changed deals in the position \nmanager.\nAbility to view change deal P&L in the TDS deal ticker. Show new deal terms, \nprior deal terms, and net P&L affect of the change.\nEliminate change deals with no economic impact from the TDS deal ticker.\nPosition drill down in the position manager to isolate the impact of \nindividual deals on the position total in a grid cell.\nBenchmark positions in TDS.\nDeployment of TDS in Canada. Currency and volume uom conversions. Implicit \nand explicit position break out issues.\n-- Allan.\nPS: Colleen is setting up a meeting tomorrow to discuss the direction for \ntransport. Hopefully we'll know much better where that part stands at that \npoint. Name: 12, dtype: object)

(13, text Date: Mon, 9 Oct 2000 07:00:00 -0700 (PDT)\nFrom: phillip.allen@enron.com\nTo: keith.holst@enron.com\nSubject: Consolidated positions: Issues & To Do list\nBody: \n---------------------- Forwarded by Phillip K Allen/HOU/ECT on 10/09/2000 \n02:00 PM ---------------------------\nRichard Burchfield\n10/06/2000 06:59 AM\nTo: Phillip K Allen/HOU/ECT@ECT\ncc: Beth Perlman/HOU/ECT@ECT \nSubject: Consolidated positions: Issues & To Do list\nPhillip,\n Below is the issues & to do list as we go forward with documenting the \nrequirements for consolidated physical/financial positions and transport \ntrade capture. What we need to focus on is the first bullet in Allan's list; \nthe need for a single set of requirements. Although the meeting with Keith, \non Wednesday, was informative the solution of creating a infinitely dynamic \nconsolidated position screen, will be extremely difficult and time \nconsuming. Throughout the meeting on Wednesday, Keith alluded to the \ninability to get consensus amongst the traders on the presentation of the \nconsolidated position, so the solution was to make it so that a trader can \narrange the position screen to their liking (much like Excel). What needs to \nhappen on Monday from 3 - 5 is a effort to design a desired layout for the \nconsolidated position screen, this is critical. This does not exclude \nbuilding a capability to create a more flexible position presentation for the \nfuture, but in order to create a plan that can be measured we need firm \nrequirements. Also, to reiterate that the goals of this project is a project \nplan on consolidate physical/financial positions and transport trade capture. \nThe other issues that have been raised will be capture as projects on to \nthemselves, and will need to be prioritised as efforts outside of this \nproject.\nI have been involved in most of the meetings and the discussions have been \ngood. I believe there has been good communication between the teams, but now \nwe need to have focus on the objectives we set out to solve.\nRichard \n---------------------- Forwarded by Richard Burchfield/HOU/ECT on 10/06/2000 \n08:34 AM ---------------------------\nAllan Severude\n10/05/2000 06:03 PM\nTo: Richard Burchfield/HOU/ECT@ECT\ncc: Peggy Alix/HOU/ECT@ECT, Russ Severson/HOU/ECT@ECT, Scott \nMills/HOU/ECT@ECT, Kenny Ha/HOU/ECT@ECT \nSubject: Consolidated positions: Issues & To Do list\nFrom our initial set of meetings with the traders regarding consolidated \npositions, I think we still have the following issues:\nWe don't have a single point of contact from the trading group. We've had \nthree meetings which brought out very different issues from different \ntraders. We really need a single point of contact to help drive the trader \nrequirements and help come to a consensus regarding the requirements.\nWe're getting hit with a lot of different requests, many of which appear to \nbe outside the scope of position consolidation.\nThings left to do:\nI think it may be useful to try to formulate a high level project goal to \nmake it as clear as possible what we're trying to accomplish with this \nproject. It'll help determine which requests fall under the project scope.\nGo through the list of requests to determine which are in scope for this \nproject and which fall out of scope.\nFor those in scope, work to define relative importance (priority) of each and \nwork with traders to define the exact requirements of each.\nDefine the desired lay out of the position manager screen: main view and all \ndrill downs.\nUse the above to formulate a project plan.\nThings requested thus far (no particular order):\nInclusion of Sitara physical deals into the TDS position manager and deal \nticker.\nCustomized rows and columns in the position manager (ad hoc rows/columns that \nadd up existing position manager rows/columns).\nNew drill down in the position manager to break out positions by: physical, \ntransport, swaps, options, ...\nAddition of a curve tab to the position manager to show the real-time values \nof all curves on which the desk has a position.\nAbility to split the current position grid to allow daily positions to be \nshown directly above monthly positions. Each grouped column in the top grid \nwould be tied to a grouped column in the bottom grid.\nAbility to properly show curve shift for float-for-float deals; determine the \nappropriate positions to show for each:\nGas Daily for monthly index,\nPhysical gas for Nymex,\nPhysical gas for Inside Ferc,\nPhysical gas for Mid market.\nAbility for TDS to pull valuation results based on a TDS flag instead of \nusing official valuations.\nPosition and P&L aggregation across all gas desks.\nAbility to include the Gas Price book into TDS:\nInclusion of spread options in our systems. Ability to handle volatility \nskew and correlations.\nAbility to revalue all options incrementally throughout the trading day. \nApproximate delta changes between valuations using instantaneous gamma or a \ngamma grid.\nValuation of Gas Daily options.\nA new position screen for options (months x strike x delta). TBD.\nInclusion of positions for exotic options currently managed in spreadsheets.\nAbility to isolate the position change due to changed deals in the position \nmanager.\nAbility to view change deal P&L in the TDS deal ticker. Show new deal terms, \nprior deal terms, and net P&L affect of the change.\nEliminate change deals with no economic impact from the TDS deal ticker.\nPosition drill down in the position manager to isolate the impact of \nindividual deals on the position total in a grid cell.\nBenchmark positions in TDS.\nDeployment of TDS in Canada. Currency and volume uom conversions. Implicit \nand explicit position break out issues.\n-- Allan.\nPS: Colleen is setting up a meeting tomorrow to discuss the direction for \ntransport. Hopefully we'll know much better where that part stands at that \npoint. Name: 13, dtype: object)

(14, text Date: Thu, 5 Oct 2000 06:26:00 -0700 (PDT)\nFrom: phillip.allen@enron.com\nTo: david.delainey@enron.com\nSubject: \nBody: \nDave, \n Here are the names of the west desk members by category. The origination \nside is very sparse. \nPhillip Name: 14, dtype: object)

(15, text Date: Thu, 5 Oct 2000 05:55:00 -0700 (PDT)\nFrom: phillip.allen@enron.com\nTo: paula.harris@enron.com\nSubject: Re: 2001 Margin Plan\nBody: \nPaula,\n 35 million is fine\nPhillip Name: 15, dtype: object)

(16, text Date: Wed, 4 Oct 2000 09:23:00 -0700 (PDT)\nFrom: phillip.allen@enron.com\nTo: ina.rangel@enron.com\nSubject: Var, Reporting and Resources Meeting\nBody: \n---------------------- Forwarded by Phillip K Allen/HOU/ECT on 10/04/2000 \n04:23 PM ---------------------------\n \n\tEnron North America Corp.\n\t\n\tFrom: Airam Arteaga 10/04/2000 12:23 PM\n\t\nTo: Phillip K Allen/HOU/ECT@ECT, Thomas A Martin/HOU/ECT@ECT, Scott \nNeal/HOU/ECT@ECT, John Arnold/HOU/ECT@ECT, Grant Masson/HOU/ECT@ECT, Ted \nMurphy/HOU/ECT@ECT, Vladimir Gorny/HOU/ECT@ECT, Frank Hayden/Corp/Enron@Enron\ncc: Rita Hennessy/NA/Enron@Enron, Ina Rangel/HOU/ECT@ECT, Laura \nHarder/Corp/Enron@Enron, Kimberly Brown/HOU/ECT@ECT, Araceli \nRomero/NA/Enron@Enron, Kimberly Hillis/HOU/ECT@ect \nSubject: Var, Reporting and Resources Meeting\nPlease plan to attend the below Meeting:\n Topic: Var, Reporting and Resources Meeting\n \n Date: Wednesday, October 11th\n Time: 2:30 - 3:30 \n Location: EB30C1\n \n If you have any questions/conflicts, please feel free to call me.\nThanks,\nRain\nx.31560 Name: 16, dtype: object)

(17, text Date: Fri, 4 May 2001 11:26:00 -0700 (PDT)\nFrom: phillip.allen@enron.com\nTo: tim.heizenrader@enron.com\nSubject: \nBody: \nTim,\nmike grigsby is having problems with accessing the west power site. Can you please make sure he has an active password. \nThank you,\nPhillip Name: 17, dtype: object)

(18, text Date: Tue, 3 Oct 2000 09:30:00 -0700 (PDT)\nFrom: phillip.allen@enron.com\nTo: pallen70@hotmail.com\nSubject: Westgate\nBody: \n---------------------- Forwarded by Phillip K Allen/HOU/ECT on 10/03/2000 \n04:30 PM ---------------------------\n"George Richards" <cbpres@austin.rr.com> on 10/03/2000 06:35:56 AM\nPlease respond to <cbpres@austin.rr.com>\nTo: "Phillip Allen" <pallen@enron.com>\ncc: "Larry Lewter" <retwell@mail.sanmarcos.net> \nSubject: Westgate\nWestgate\nEnclosed are demographics on the Westgate site from Investor's Alliance.\nInvestor's Alliance says that these demographics are similar to the package\non San Marcos that you received earlier.\nIf there are any other questions or information requirements, let me know.\nThen, let me know your interest level in the Westgate project?\nSan Marcos\nThe property across the street from the Sagewood units in San Marcos is for\nsale and approved for 134 units. The land is selling for $2.50 per square\nfoot as it is one of only two remaining approved multifamily parcels in West\nSan Marcos, which now has a moratorium on development.\nSeveral new studies we have looked at show that the rents for our duplexes\nand for these new units are going to be significantly higher, roughly $1.25\nper square foot if leased for the entire unit on a 12-month lease and\n$1.30-$1.40 psf if leased on a 12-month term, but by individual room. This\nproperty will have the best location for student housing of all new\nprojects, just as the duplexes do now.\nIf this project is of serious interest to you, please let me know as there\nis a very, very short window of opportunity. The equity requirement is not\nyet known, but it would be likely to be $300,000 to secure the land. I will\nknow more on this question later today.\nSincerely,\nGeorge W. Richards\nPresident, Creekside Builders, LLC\n - winmail.dat Name: 18, dtype: object)

(19, text Date: Tue, 3 Oct 2000 09:15:00 -0700 (PDT)\nFrom: phillip.allen@enron.com\nTo: ina.rangel@enron.com\nSubject: Meeting re: Storage Strategies in the West\nBody: \n---------------------- Forwarded by Phillip K Allen/HOU/ECT on 10/03/2000 \n04:13 PM ---------------------------\nNancy Hall@ENRON\n10/02/2000 06:42 AM\nTo: Mark Whitt/NA/Enron@Enron, Phillip K Allen/HOU/ECT@ECT, Paul T \nLucci/NA/Enron@Enron, Paul Bieniawski/Corp/Enron@ENRON, Tyrell \nHarrison/NA/Enron@Enron\ncc: Jean Mrha/NA/Enron@Enron, Ina Rangel/HOU/ECT@ECT, Monica \nJackson/Corp/Enron@ENRON \nSubject: Meeting re: Storage Strategies in the West\nThere will be a meeting on Tuesday, Oct. 10th at 4:00pm in EB3270 regarding \nStorage Strategies in the West. Please mark your calendars.\nThank you!\nRegards,\nNancy Hall\nENA Denver office\n303-575-6490 Name: 19, dtype: object)

(20, text Date: Tue, 3 Oct 2000 09:13:00 -0700 (PDT)\nFrom: phillip.allen@enron.com\nTo: bs_stone@yahoo.com\nSubject: \nBody: \nBrenda,\nPlease use the second check as the October payment. If you have already \ntossed it, let me know so I can mail you another.\nPhillip Name: 20, dtype: object)

(21, text Date: Tue, 3 Oct 2000 03:17:00 -0700 (PDT)\nFrom: phillip.allen@enron.com\nTo: stouchstone@natsource.com\nSubject: Re: Not business related..\nBody: \nI think Fletch has a good CPA. I am still doing my own. Name: 21, dtype: object)

(22, text Date: Mon, 2 Oct 2000 02:19:00 -0700 (PDT)\nFrom: phillip.allen@enron.com\nTo: bs_stone@yahoo.com\nSubject: Re: Original Sept check/closing\nBody: \nBrenda,\n Please use the second check as my October payment. I have my copy of the \noriginal deal. Do you want me to fax this to you?\nPhillip Name: 22, dtype: object)

(23, text Date: Thu, 28 Sep 2000 06:17:00 -0700 (PDT)\nFrom: phillip.allen@enron.com\nTo: lkuch@mh.com\nSubject: San Juan Index\nBody: \n---------------------- Forwarded by Phillip K Allen/HOU/ECT on 09/28/2000 \n01:09 PM ---------------------------\n \n\t\n\t\n\tFrom: Phillip K Allen 09/28/2000 10:56 AM\n\t\nLiane,\n As we discussed yesterday, I am concerned there may have been an attempt to \nmanipulate the El Paso San Juan monthly index. It appears that a single \nbuyer entered the marketplace on both September 26 and 27 and paid above \nmarket prices ($4.70-$4.80) for San Juan gas. At the time of these trades, \noffers for physical gas at significantly (10 to 15 cents) lower prices were \nbypassed in order to establish higher trades to report into the index \ncalculation. Additionally, these trades are out of line with the associated \nfinancial swaps for San Juan.\n We have compiled a list of financial and physical trades executed from \nSeptember 25 to September 27. These are the complete list of trades from \nEnron Online (EOL), Enron's direct phone conversations, and three brokerage \nfirms (Amerex, APB, and Prebon). Please see the attached spreadsheet for a \ntrade by trade list and a summary. We have also included a summary of gas \ndaily prices to illustrate the value of San Juan based on several spread \nrelationships. The two key points from this data are as follows:\n 1. The high physical prices on the 26th & 27th (4.75,4,80) are much greater \nthan the high financial trades (4.6375,4.665) on those days. \n 2. The spread relationship between San Juan and other points (Socal & \nNorthwest) is consistent between the end of September and \n October gas daily. It doesn't make sense to have monthly indices that \nare dramatically different.\n I understand you review the trades submitted for outliers. Hopefully, the \ntrades submitted will reveal counterparty names and you will be able to \ndetermine that there was only one buyer in the 4.70's and these trades are \noutliers. I wanted to give you some additional points of reference to aid in \nestablishing a reasonable index. It is Enron's belief that the trades at \n$4.70 and higher were above market trades that should be excluded from the \ncalculation of index.\n It is our desire to have reliable and accurate indices against which to \nconduct our physical and financial business. Please contact me \nanytime I can assist you towards this goal.\nSincerely,\nPhillip Allen Name: 23, dtype: object)

(24, text Date: Thu, 28 Sep 2000 05:56:00 -0700 (PDT)\nFrom: phillip.allen@enron.com\nTo: jeffrey.hodge@enron.com\nSubject: San Juan Index\nBody: \nLiane,\n As we discussed yesterday, I am concerned there has been an attempt to \nmanipulate the El Paso San Juan monthly index. A single buyer entered the \nmarketplace on both September 26 and 27 and paid above market prices \n($4.70-$4.80) for San Juan gas with the intent to distort the index. At the \ntime of these trades, offers for physical gas at significantly (10 to 15 \ncents) lower prices were bypassed in order to establish higher trades to \nreport into the index calculation. Additionally, these trades are out of \nline with the associated financial swaps for San Juan.\n We have compiled a list of financial and physical trades executed from \nSeptember 25 to September 27. These are the complete list of trades from \nEnron Online (EOL), Enron's direct phone conversations, and three brokerage \nfirms (Amerex, APB, and Prebon). Please see the attached spreadsheet for a \ntrade by trade list and a summary. We have also included a summary of gas \ndaily prices to illustrate the value of San Juan based on several spread \nrelationships. The two key points from this data are as follows:\n 1. The high physical prices on the 26th & 27th (4.75,4,80) are much greater \nthan the high financial trades (4.6375,4.665) on those days. \n 2. The spread relationship between San Juan and other points (Socal & \nNorthwest) is consistent between the end of September and \n October gas daily. It doesn't make sense to have monthly indeces that \nare dramatically different.\n I understand you review the trades submitted for outliers. Hopefully, the \ntrades submitted will reveal counterparty names and you will be able to \ndetermine that there was only one buyer in the 4.70's and these trades are \noutliers. I wanted to give you some additional points of reference to aid in \nestablishing a reasonable index. It is Enron's belief that the trades at \n$4.70 and higher were above market trades that should be excluded from the \ncalculation of index.\n It is our desire to have reliable and accurate indeces against which to \nconduct our physical and financial business. Please contact me \nanytime I can assist you towards this goal.\nSincerely,\nPhillip Allen Name: 24, dtype: object)

(25, text Date: Tue, 26 Sep 2000 09:28:00 -0700 (PDT)\nFrom: phillip.allen@enron.com\nTo: kholst@enron.com\nSubject: Investment Structure\nBody: \n---------------------- Forwarded by Phillip K Allen/HOU/ECT on 09/26/2000 \n04:28 PM ---------------------------\n"George Richards" <cbpres@austin.rr.com> on 09/26/2000 01:18:45 PM\nPlease respond to <cbpres@austin.rr.com>\nTo: "Phillip Allen" <pallen@enron.com>\ncc: "Larry Lewter" <retwell@mail.sanmarcos.net>, "Claudia L. Crocker" \n<clclegal2@aol.com> \nSubject: Investment Structure\nSTRUCTURE:\nTypically the structure is a limited partnership with a corporate (or LLC)\ngeneral partner. The General Partner owns 1% of the project and carries the\nliability of construction.\nLAND OWNERSHIP & LOANS\nThe property would be purchased in the name of the limited partnership and\nany land loans, land improvements loans and construction loans would be in\nthe name of the limited partnership. Each of the individual investors and\nall of the principals in Creekside would also personally guarantee the\nloans. If the investor(s) do not sign on the loans, this generally means\nthat a larger amount of cash is required and the investor's share of profits\nis reduced.\nAll loans for residential construction, that are intended for re-sale, are\nfull recourse loans. If we are pursuing multifamily rental developments,\nthe construction loans are still full recourse but the mortgage can often be\nnon-recourse.\nUSE OF INITIAL INVESTMENT\nThe initial investment is used for land deposit, engineering &\narchitectural design, soils tests, surveys, filing fees, legal fees for\norganization and condominium association formation, and appraisals. Unlike\nmany real estate investment programs, none of the funds are used for fees to\nCreekside Builders, LLC. These professional expenses will be incurred over\nthe estimated 6 month design and approval period.\nEARLY LAND COSTS\nThe $4,000 per month costs listed in the cash flow as part of land cost\nrepresent the extension fees due to the seller for up to 4 months of\nextensions on closing. As an alternative, we can close into a land loan at\nprobably 70% of appraised value. With a land value equal to the purchase\nprice of $680,000 this would mean a land loan of $476,000 with estimated\nmonthly interest payments of $3,966, given a 10% annual interest rate, plus\napproximately 1.25% of the loan amount for closing costs and loan fees.\nEQUITY AT IMPROVEMENT LOAN\nOnce the site plan is approved by the City of Austin, the City will require\nthe development entity to post funds for fiscal improvements, referred to as\nthe "fiscals". This cost represents a bond for the completion of\nimprovements that COA considers vital and these funds are released once the\nimprovements have been completed and accepted by COA. This release will be\nfor 90% of the cost with the remaining 10% released one year after\ncompletion. Releases can be granted once every 90 days and you should\nexpect that the release would occur 6 months after the start of lot\nimprovement construction. These fiscals are usually posted in cash or an\nirrevocable letter of credit. As such, they have to be counted as a\ndevelopment cost, even though they are not spent. Because they are not\nspent no interest is charged on these funds.\nThe lot improvement loan is typically 75% of the appraised value of a\nfinished lot, which I suspect will be at least $20,000 and potentially as\nhigh as $25,000. This would produce a loan amount of $15,000 on $20,000\nper lot. With estimated per lot improvement costs of $9,000, 'fiscals' at\n$2,000 and the land cost at $8,000 , total improved lot cost is $19,000\nwhich means $0 to $4,000 per lot in total equity. The investment prior to\nobtaining the improvement loan would count towards any equity requirement\nprovided it was for direct costs. Thus, the additional equity for the\nimprovement loan would be $0-$184,000. Even if the maximum loan would\ncover all costs, it is unlikely the bank would allow reimbursement of funds\nspent. The higher estimates of equity investments are shown in the\npreliminary proforma to be on the safe side. The engineer is preparing a\ntentative site layout with an initial evaluation of the phasing, which can\nsignificantly reduce the cash equity requirement.\nPhasing works as follows. If the first phase was say 40 units, the total\nlot improvement cost might average $31,000 per lot. Of this, probably\n$13,000 would be for improvements and $19,000 for the land cost. The\nimprovements are higher to cover large one time up front costs for design\ncosts, the entry road, water treatment costs, perimeter fencing and\nlandscaping, and so on, as well as for 100% of the land. The land loan for\nundeveloped lots would be 70% of the appraised raw lot value, which I would\nestimate as $10,000 per lot for a loan value of $7,000 per lot. Then the\nloan value for each improved lot would be $15,000 per lot. This would give\nyou a total loan of $992,000, total cost of $1,232,645 for equity required\nof $241,000. This was not presented in the initial analysis as the phasing\nis depended on a more careful assessment by the Civil Engineer as the\nseparate phases must each be able to stand on its own from a utility\nstandpoint.\nCONSTRUCTION LOANS\nThere are three types of construction loans. First, is a speculative\n(spec) loan that is taken out prior to any pre-sales activity. Second, is\na construction loan for a pre-sold unit, but the loan remains in the\nbuilder/developers name. Third, is a pre-sold unit with the construction\nloan in the name of the buyer. We expect to have up to 8 spec loans to\nstart the project and expect all other loans to be pre-sold units with loans\nin the name of the builder/developer. We do not expect to have any\nconstruction loans in the name of the buyers, as such loans are too\ndifficult to manage and please new buyers unfamiliar with the process.\nSpec loans will be for 70% to 75% of value and construction loans for\npre-sold units, if the construction loan is from the mortgage lender, will\nbe from 80% to 95% of value.\nDISBURSEMENTS\nDisbursements will be handled by the General Partner to cover current and\nnear term third party costs, then to necessary reserves, then to priority\npayments and then to the partners per the agreement. The General Partner\nwill contract with Creekside Builders, LLC to construct the units and the\nfee to CB will include a construction management and overhead fee equal to\n15% of the direct hard cost excluding land, financing and sales costs.\nThese fees are the only monies to Creekside, Larry Lewter or myself prior to\ncalculation of profit, except for a) direct reimbursement for partnership\nexpenses and b) direct payment to CB for any subcontractor costs that it has\nto perform. For example, if CB cannot find a good trim carpenter sub, or\ncannot find enough trim carpenters, etc., and it decides to undertake this\nfunction, it will charge the partnership the same fee it was able to obtain\nfrom third parties and will disclose those cases to the partnership.\nFinally, CB will receive a fee for the use of any of its equipment if it is\nused in lieu of leasing equipment from others. At present CB does not own\nany significant equipment, but it is considering the purchase of a sky track\nto facilitate and speed up framing, cornice, roofing and drywall spreading.\nREPORTING\nWe are more than willing to provide reports to track expenses vs. plan.\nWhat did you have in mind? I would like to use some form of internet based\nreporting.\nBOOKKEEPING\nI am not sure what you are referring to by the question, "Bookkeeping\nprocedures to record actual expenses?" Please expand.\nINVESTOR INPUT\nWe are glad to have the investor's input on design and materials. As always\nthe question will be who has final say if there is disagreement, but in my\nexperience I have always been able to reach consensus. As you, and I presume\nKeith, want to be involved to learn as much as possible we would make every\neffort to be accommodating.\nCREEKSIDE PROCEEDURES\nCB procedures for dealing with subs, vendors and professionals is not as\nformal as your question indicates. In the EXTREMELY tight labor market\nobtaining 3 bids for each labor trade is not feasible. For the professional\nsubs we use those with whom we have developed a previous rapport. Finally,\nfor vendors they are constantly shopped.\nPRE-SELECTED PROFESSIONALS, SUBS AND VENDORS\nYes there are many different subs that have been identified and I can\nprovide these if you are interested.\nI know I have not answered everything, but this is a starting point. Call\nwhen you have reviewed and we can discuss further.\nSincerely,\nGeorge Richards\nPresident, Creekside Builders, LLC\n - winmail.dat Name: 25, dtype: object)

(26, text Date: Tue, 26 Sep 2000 09:26:00 -0700 (PDT)\nFrom: phillip.allen@enron.com\nTo: pallen70@hotmail.com\nSubject: Investment Structure\nBody: \n---------------------- Forwarded by Phillip K Allen/HOU/ECT on 09/26/2000 \n04:26 PM ---------------------------\n"George Richards" <cbpres@austin.rr.com> on 09/26/2000 01:18:45 PM\nPlease respond to <cbpres@austin.rr.com>\nTo: "Phillip Allen" <pallen@enron.com>\ncc: "Larry Lewter" <retwell@mail.sanmarcos.net>, "Claudia L. Crocker" \n<clclegal2@aol.com> \nSubject: Investment Structure\nSTRUCTURE:\nTypically the structure is a limited partnership with a corporate (or LLC)\ngeneral partner. The General Partner owns 1% of the project and carries the\nliability of construction.\nLAND OWNERSHIP & LOANS\nThe property would be purchased in the name of the limited partnership and\nany land loans, land improvements loans and construction loans would be in\nthe name of the limited partnership. Each of the individual investors and\nall of the principals in Creekside would also personally guarantee the\nloans. If the investor(s) do not sign on the loans, this generally means\nthat a larger amount of cash is required and the investor's share of profits\nis reduced.\nAll loans for residential construction, that are intended for re-sale, are\nfull recourse loans. If we are pursuing multifamily rental developments,\nthe construction loans are still full recourse but the mortgage can often be\nnon-recourse.\nUSE OF INITIAL INVESTMENT\nThe initial investment is used for land deposit, engineering &\narchitectural design, soils tests, surveys, filing fees, legal fees for\norganization and condominium association formation, and appraisals. Unlike\nmany real estate investment programs, none of the funds are used for fees to\nCreekside Builders, LLC. These professional expenses will be incurred over\nthe estimated 6 month design and approval period.\nEARLY LAND COSTS\nThe $4,000 per month costs listed in the cash flow as part of land cost\nrepresent the extension fees due to the seller for up to 4 months of\nextensions on closing. As an alternative, we can close into a land loan at\nprobably 70% of appraised value. With a land value equal to the purchase\nprice of $680,000 this would mean a land loan of $476,000 with estimated\nmonthly interest payments of $3,966, given a 10% annual interest rate, plus\napproximately 1.25% of the loan amount for closing costs and loan fees.\nEQUITY AT IMPROVEMENT LOAN\nOnce the site plan is approved by the City of Austin, the City will require\nthe development entity to post funds for fiscal improvements, referred to as\nthe "fiscals". This cost represents a bond for the completion of\nimprovements that COA considers vital and these funds are released once the\nimprovements have been completed and accepted by COA. This release will be\nfor 90% of the cost with the remaining 10% released one year after\ncompletion. Releases can be granted once every 90 days and you should\nexpect that the release would occur 6 months after the start of lot\nimprovement construction. These fiscals are usually posted in cash or an\nirrevocable letter of credit. As such, they have to be counted as a\ndevelopment cost, even though they are not spent. Because they are not\nspent no interest is charged on these funds.\nThe lot improvement loan is typically 75% of the appraised value of a\nfinished lot, which I suspect will be at least $20,000 and potentially as\nhigh as $25,000. This would produce a loan amount of $15,000 on $20,000\nper lot. With estimated per lot improvement costs of $9,000, 'fiscals' at\n$2,000 and the land cost at $8,000 , total improved lot cost is $19,000\nwhich means $0 to $4,000 per lot in total equity. The investment prior to\nobtaining the improvement loan would count towards any equity requirement\nprovided it was for direct costs. Thus, the additional equity for the\nimprovement loan would be $0-$184,000. Even if the maximum loan would\ncover all costs, it is unlikely the bank would allow reimbursement of funds\nspent. The higher estimates of equity investments are shown in the\npreliminary proforma to be on the safe side. The engineer is preparing a\ntentative site layout with an initial evaluation of the phasing, which can\nsignificantly reduce the cash equity requirement.\nPhasing works as follows. If the first phase was say 40 units, the total\nlot improvement cost might average $31,000 per lot. Of this, probably\n$13,000 would be for improvements and $19,000 for the land cost. The\nimprovements are higher to cover large one time up front costs for design\ncosts, the entry road, water treatment costs, perimeter fencing and\nlandscaping, and so on, as well as for 100% of the land. The land loan for\nundeveloped lots would be 70% of the appraised raw lot value, which I would\nestimate as $10,000 per lot for a loan value of $7,000 per lot. Then the\nloan value for each improved lot would be $15,000 per lot. This would give\nyou a total loan of $992,000, total cost of $1,232,645 for equity required\nof $241,000. This was not presented in the initial analysis as the phasing\nis depended on a more careful assessment by the Civil Engineer as the\nseparate phases must each be able to stand on its own from a utility\nstandpoint.\nCONSTRUCTION LOANS\nThere are three types of construction loans. First, is a speculative\n(spec) loan that is taken out prior to any pre-sales activity. Second, is\na construction loan for a pre-sold unit, but the loan remains in the\nbuilder/developers name. Third, is a pre-sold unit with the construction\nloan in the name of the buyer. We expect to have up to 8 spec loans to\nstart the project and expect all other loans to be pre-sold units with loans\nin the name of the builder/developer. We do not expect to have any\nconstruction loans in the name of the buyers, as such loans are too\ndifficult to manage and please new buyers unfamiliar with the process.\nSpec loans will be for 70% to 75% of value and construction loans for\npre-sold units, if the construction loan is from the mortgage lender, will\nbe from 80% to 95% of value.\nDISBURSEMENTS\nDisbursements will be handled by the General Partner to cover current and\nnear term third party costs, then to necessary reserves, then to priority\npayments and then to the partners per the agreement. The General Partner\nwill contract with Creekside Builders, LLC to construct the units and the\nfee to CB will include a construction management and overhead fee equal to\n15% of the direct hard cost excluding land, financing and sales costs.\nThese fees are the only monies to Creekside, Larry Lewter or myself prior to\ncalculation of profit, except for a) direct reimbursement for partnership\nexpenses and b) direct payment to CB for any subcontractor costs that it has\nto perform. For example, if CB cannot find a good trim carpenter sub, or\ncannot find enough trim carpenters, etc., and it decides to undertake this\nfunction, it will charge the partnership the same fee it was able to obtain\nfrom third parties and will disclose those cases to the partnership.\nFinally, CB will receive a fee for the use of any of its equipment if it is\nused in lieu of leasing equipment from others. At present CB does not own\nany significant equipment, but it is considering the purchase of a sky track\nto facilitate and speed up framing, cornice, roofing and drywall spreading.\nREPORTING\nWe are more than willing to provide reports to track expenses vs. plan.\nWhat did you have in mind? I would like to use some form of internet based\nreporting.\nBOOKKEEPING\nI am not sure what you are referring to by the question, "Bookkeeping\nprocedures to record actual expenses?" Please expand.\nINVESTOR INPUT\nWe are glad to have the investor's input on design and materials. As always\nthe question will be who has final say if there is disagreement, but in my\nexperience I have always been able to reach consensus. As you, and I presume\nKeith, want to be involved to learn as much as possible we would make every\neffort to be accommodating.\nCREEKSIDE PROCEEDURES\nCB procedures for dealing with subs, vendors and professionals is not as\nformal as your question indicates. In the EXTREMELY tight labor market\nobtaining 3 bids for each labor trade is not feasible. For the professional\nsubs we use those with whom we have developed a previous rapport. Finally,\nfor vendors they are constantly shopped.\nPRE-SELECTED PROFESSIONALS, SUBS AND VENDORS\nYes there are many different subs that have been identified and I can\nprovide these if you are interested.\nI know I have not answered everything, but this is a starting point. Call\nwhen you have reviewed and we can discuss further.\nSincerely,\nGeorge Richards\nPresident, Creekside Builders, LLC\n - winmail.dat Name: 26, dtype: object)

(27, text Date: Tue, 26 Sep 2000 07:01:00 -0700 (PDT)\nFrom: phillip.allen@enron.com\nTo: ina.rangel@enron.com\nSubject: \nBody: \n---------------------- Forwarded by Phillip K Allen/HOU/ECT on 09/26/2000 \n02:00 PM ---------------------------\n\tReschedule\nChairperson: Richard Burchfield\nSent by: Cindy Cicchetti\nStart: 10/03/2000 02:30 PM\nEnd: 10/03/2000 03:30 PM\nDescription: Gas Physical/Financail Positions - Room 2537\nThis meeting repeats starting on (if the date occurs on a weekend the \nmeeting ).\nMeeting Dates: \nFletcher J Sturm/HOU/ECT\nScott Neal/HOU/ECT\nHunter S Shively/HOU/ECT\nPhillip K Allen/HOU/ECT\nAllan Severude/HOU/ECT\nScott Mills/HOU/ECT\nRuss Severson/HOU/ECT\nDetailed description:\n---------------------- Forwarded by Phillip K Allen/HOU/ECT on 09/26/2000 \n02:00 PM ---------------------------\n\tConfirmation\nChairperson: Richard Burchfield\nSent by: Cindy Cicchetti\nStart: 10/03/2000 02:30 PM\nEnd: 10/03/2000 03:30 PM\nDescription: Gas Physical/Financail Positions - Room 2537\nThis meeting repeats starting on (if the date occurs on a weekend the \nmeeting ).\nMeeting Dates: \nFletcher J Sturm/HOU/ECT\nScott Neal/HOU/ECT\nHunter S Shively/HOU/ECT\nPhillip K Allen/HOU/ECT\nAllan Severude/HOU/ECT\nScott Mills/HOU/ECT\nRuss Severson/HOU/ECT\nDetailed description:\nStatus update:\nFletcher J Sturm -> No Response\nScott Neal -> No Response\nHunter S Shively -> No Response\nPhillip K Allen -> No Response\nAllan Severude -> Accepted\nScott Mills -> Accepted\nRuss Severson -> No Response\n---------------------- Forwarded by Phillip K Allen/HOU/ECT on 09/26/2000 \n02:00 PM ---------------------------\n\tReschedule\nChairperson: Richard Burchfield\nSent by: Cindy Cicchetti\nStart: 09/27/2000 02:00 PM\nEnd: 09/27/2000 03:00 PM\nDescription: Gas Trading Vision Meeting - Room EB2601\nThis meeting repeats starting on (if the date occurs on a weekend the \nmeeting ).\nMeeting Dates: \nPhillip K Allen/HOU/ECT@ECT\nHunter S Shively/HOU/ECT@ECT\nScott Mills/HOU/ECT@ECT\nAllan Severude/HOU/ECT@ECT\nJeffrey C Gossett/HOU/ECT@ECT\nColleen Sullivan/HOU/ECT@ECT\nRuss Severson/HOU/ECT@ECT\nJayant Krishnaswamy/HOU/ECT@ECT\nRussell Long/HOU/ECT@ECT\nDetailed description:\n---------------------- Forwarded by Phillip K Allen/HOU/ECT on 09/26/2000 \n02:00 PM ---------------------------\n\tConfirmation\nChairperson: Richard Burchfield\nSent by: Cindy Cicchetti\nStart: 09/27/2000 02:00 PM\nEnd: 09/27/2000 03:00 PM\nDescription: Gas Trading Vision Meeting - Room EB2601\nThis meeting repeats starting on (if the date occurs on a weekend the \nmeeting ).\nMeeting Dates: \nPhillip K Allen/HOU/ECT@ECT\nHunter S Shively/HOU/ECT@ECT\nScott Mills/HOU/ECT@ECT\nAllan Severude/HOU/ECT@ECT\nJeffrey C Gossett/HOU/ECT@ECT\nColleen Sullivan/HOU/ECT@ECT\nRuss Severson/HOU/ECT@ECT\nJayant Krishnaswamy/HOU/ECT@ECT\nRussell Long/HOU/ECT@ECT\nDetailed description:\nStatus update:\nPhillip K Allen -> No Response\nHunter S Shively -> No Response\nScott Mills -> No Response\nAllan Severude -> Accepted\nJeffrey C Gossett -> Accepted\nColleen Sullivan -> No Response\nRuss Severson -> No Response\nJayant Krishnaswamy -> Accepted\nRussell Long -> Accepted\n---------------------- Forwarded by Phillip K Allen/HOU/ECT on 09/26/2000 \n02:00 PM ---------------------------\n\tReschedule\nChairperson: Richard Burchfield\nSent by: Cindy Cicchetti\nStart: 09/28/2000 01:00 PM\nEnd: 09/28/2000 02:00 PM\nDescription: Gas Physical/Financail Positions - Room 2537\nThis meeting repeats starting on (if the date occurs on a weekend the \nmeeting ).\nMeeting Dates: \nFletcher J Sturm/HOU/ECT\nScott Neal/HOU/ECT\nHunter S Shively/HOU/ECT\nPhillip K Allen/HOU/ECT\nAllan Severude/HOU/ECT\nScott Mills/HOU/ECT\nRuss Severson/HOU/ECT\nDetailed description:\n---------------------- Forwarded by Phillip K Allen/HOU/ECT on 09/26/2000 \n02:00 PM ---------------------------\n\tConfirmation\nChairperson: Richard Burchfield\nSent by: Cindy Cicchetti\nStart: 09/28/2000 01:00 PM\nEnd: 09/28/2000 02:00 PM\nDescription: Gas Physical/Financail Positions - Room 2537\nThis meeting repeats starting on (if the date occurs on a weekend the \nmeeting ).\nMeeting Dates: \nFletcher J Sturm/HOU/ECT\nScott Neal/HOU/ECT\nHunter S Shively/HOU/ECT\nPhillip K Allen/HOU/ECT\nAllan Severude/HOU/ECT\nScott Mills/HOU/ECT\nRuss Severson/HOU/ECT\nDetailed description:\nStatus update:\nFletcher J Sturm -> No Response\nScott Neal -> No Response\nHunter S Shively -> No Response\nPhillip K Allen -> No Response\nAllan Severude -> Accepted\nScott Mills -> Accepted\nRuss Severson -> Accepted\n---------------------- Forwarded by Phillip K Allen/HOU/ECT on 09/26/2000 \n02:00 PM ---------------------------\n \n\t\n\t\n\tFrom: Cindy Cicchetti 09/26/2000 10:38 AM\n\t\nTo: Phillip K Allen/HOU/ECT@ECT, Hunter S Shively/HOU/ECT@ECT, Scott \nMills/HOU/ECT@ECT, Allan Severude/HOU/ECT@ECT, Jeffrey C Gossett/HOU/ECT@ECT, \nColleen Sullivan/HOU/ECT@ECT, Russ Severson/HOU/ECT@ECT, Jayant \nKrishnaswamy/HOU/ECT@ECT, Russell Long/HOU/ECT@ECT\ncc: \nSubject: Gas Trading Vision mtg.\nThis meeting has been moved to 4:00 on Wed. in room 2601. I have sent a \nconfirmation to each of you via Lotus Notes. Sorry for all of the changes \nbut there was a scheduling problem with a couple of people for the original \ntime slot. Name: 27, dtype: object)

(28, text Date: Thu, 3 May 2001 15:57:00 -0700 (PDT)\nFrom: phillip.allen@enron.com\nTo: rlehmann@yahoo.com\nSubject: \nBody: \nReagan,\nJust wanted to give you an update. I have changed the unit mix to include some 1 bedrooms and reduced the number of buildings to 12. Kipp Flores is working on the construction drawings. At the same time I am pursuing FHA financing. Once the construction drawings are complete I will send them to you for a revised bid. Your original bid was competitive and I am still attracted to your firm because of your strong local presence and contacts.\nPhillip Name: 28, dtype: object)

(29, text Date: Tue, 26 Sep 2000 05:11:00 -0700 (PDT)\nFrom: phillip.allen@enron.com\nTo: cindy.cicchetti@enron.com\nSubject: Re: Gas Trading Vision meeting\nBody: \nNymex expiration is during this time frame. Please reschedule. Name: 29, dtype: object)

(30, text Date: Tue, 26 Sep 2000 05:08:00 -0700 (PDT)\nFrom: phillip.allen@enron.com\nTo: ina.rangel@enron.com\nSubject: \nBody: \n---------------------- Forwarded by Phillip K Allen/HOU/ECT on 09/26/2000 \n12:08 PM ---------------------------\n\tInvitation\nChairperson: Richard Burchfield\nSent by: Cindy Cicchetti\nStart: 09/27/2000 11:30 AM\nEnd: 09/27/2000 12:30 PM\nDescription: Gas Trading Vision Meeting - Room EB2556\nThis meeting repeats starting on (if the date occurs on a weekend the \nmeeting ).\nMeeting Dates: \nPhillip K Allen/HOU/ECT\nHunter S Shively/HOU/ECT\nScott Mills/HOU/ECT\nAllan Severude/HOU/ECT\nJeffrey C Gossett/HOU/ECT\nColleen Sullivan/HOU/ECT\nRuss Severson/HOU/ECT\nJayant Krishnaswamy/HOU/ECT\nRussell Long/HOU/ECT\nDetailed description: Name: 30, dtype: object)

(31, text Date: Tue, 26 Sep 2000 05:07:00 -0700 (PDT)\nFrom: phillip.allen@enron.com\nTo: ina.rangel@enron.com\nSubject: Gas Physical/Financial Position\nBody: \n---------------------- Forwarded by Phillip K Allen/HOU/ECT on 09/26/2000 \n12:07 PM ---------------------------\n \n\t\n\t\n\tFrom: Cindy Cicchetti 09/26/2000 09:23 AM\n\t\nTo: Phillip K Allen/HOU/ECT@ECT, Hunter S Shively/HOU/ECT@ECT, Scott \nMills/HOU/ECT@ECT, Allan Severude/HOU/ECT@ECT, Russ Severson/HOU/ECT@ECT, \nFletcher J Sturm/HOU/ECT@ECT, Scott Neal/HOU/ECT@ECT\ncc: \nSubject: Gas Physical/Financial Position\nI have scheduled and entered on each of your calendars a meeting for the \nabove referenced topic. It will take place on Thursday, 9/28 from 3:00 - \n4:00 in Room EB2537. Name: 31, dtype: object)

(32, text Date: Tue, 26 Sep 2000 04:57:00 -0700 (PDT)\nFrom: phillip.allen@enron.com\nTo: jsmith@austintx.com\nSubject: closing\nBody: \n---------------------- Forwarded by Phillip K Allen/HOU/ECT on 09/26/2000 \n11:57 AM ---------------------------\n"BS Stone" <bs_stone@yahoo.com> on 09/26/2000 04:47:40 AM\nTo: "jeff" <jeff@freeyellow.com>\ncc: "Phillip K Allen" <Phillip.K.Allen@enron.com> \nSubject: closing\nJeff, \n?\nIs the closing today?? After reviewing the agreement?I find it isn't binding \nas far as I can determine.? It is too vague and it doesn't sound like \nanything an attorney or title company would?draft for a real estate \nclosing--but, of course, I could be wrong.? \n?\nIf this?closing is going to take place without this agreement then there is \nno point in me following up on this?document's validity.? \n?\nI will just need to go back to my closing documents and see what's there and \nfind out where I am with that and deal with this as best I can.\n?\nI guess I was expecting something that would be an exhibit to a recordable \ndocument or something a little more exact, or rather?sort of a contract.? \nThis isn't either.? I tried to get a real estate atty on the phone last \nnight but he was out of pocket.? I talked to a crim. atty friend and he said \nthis is out of his area but doesn't sound binding to him.? \n?\nI will go back to mine and Phillip Allen's transaction?and take a look at \nthat but as vague and general as this is I doubt that my signature? is even \nneeded to complete this transaction.? I am in after 12 noon if there is any \nneed to contact me regarding the closing.\n?\nI really do not want to hold up anything or generate more work for myself \nand I don't want to insult or annoy anyone but this paper really doesn't \nseem to be something required for a closing.? In the event you do need my \nsignature on something like this I would rather have time to have it \nreviewed before I accept it.\n?\nBrenda\n?\n? Name: 32, dtype: object)

(33, text Date: Mon, 25 Sep 2000 07:04:00 -0700 (PDT)\nFrom: phillip.allen@enron.com\nTo: christopher.calger@enron.com\nSubject: \nBody: \nChris,\n What is the latest with PG&E? We have been having good discussions \nregarding EOL.\n Call me when you can. X37041\nPhillip Name: 33, dtype: object)

(34, text Date: Mon, 25 Sep 2000 07:01:00 -0700 (PDT)\nFrom: phillip.allen@enron.com\nTo: ina.rangel@enron.com\nSubject: \nBody: \n---------------------- Forwarded by Phillip K Allen/HOU/ECT on 09/25/2000 \n02:01 PM ---------------------------\n\tReschedule\nChairperson: Richard Burchfield\nSent by: Cindy Cicchetti\nStart: 09/28/2000 01:00 PM\nEnd: 09/28/2000 02:00 PM\nDescription: Gas Physical/Financail Positions - Room 2537\nThis meeting repeats starting on (if the date occurs on a weekend the \nmeeting ).\nMeeting Dates: \nFletcher J Sturm/HOU/ECT\nScott Neal/HOU/ECT\nHunter S Shively/HOU/ECT\nPhillip K Allen/HOU/ECT\nAllan Severude/HOU/ECT\nScott Mills/HOU/ECT\nRuss Severson/HOU/ECT\nDetailed description:\n The meeting with Richard Burchfield/HOU/ECT was rescheduled. \nOn 09/28/2000 03:00:00 PM CDT \nFor 1 hour \nWith: Richard Burchfield/HOU/ECT (Chairperson) \n Fletcher J Sturm/HOU/ECT (Invited) \n Scott Neal/HOU/ECT (Invited) \n Hunter S Shively/HOU/ECT (Invited) \n Phillip K Allen/HOU/ECT (Invited) \n Allan Severude/HOU/ECT (Invited) \n Scott Mills/HOU/ECT (Invited) \n Russ Severson/HOU/ECT (Invited) \nGas Physical/Financail Positions - Room 2537 Name: 34, dtype: object)

(35, text Date: Mon, 25 Sep 2000 07:01:00 -0700 (PDT)\nFrom: phillip.allen@enron.com\nTo: ina.rangel@enron.com\nSubject: \nBody: \n---------------------- Forwarded by Phillip K Allen/HOU/ECT on 09/25/2000 \n02:00 PM ---------------------------\n\tInvitation\nChairperson: Richard Burchfield\nSent by: Cindy Cicchetti\nStart: 09/27/2000 01:00 PM\nEnd: 09/27/2000 02:00 PM\nDescription: Gas Physical/Financail Positions - Room 2537\nThis meeting repeats starting on (if the date occurs on a weekend the \nmeeting ).\nMeeting Dates: \nFletcher J Sturm/HOU/ECT\nScott Neal/HOU/ECT\nHunter S Shively/HOU/ECT\nPhillip K Allen/HOU/ECT\nAllan Severude/HOU/ECT\nScott Mills/HOU/ECT\nRuss Severson/HOU/ECT\nDetailed description: Name: 35, dtype: object)

(36, text Date: Mon, 25 Sep 2000 05:47:00 -0700 (PDT)\nFrom: phillip.allen@enron.com\nTo: muller@thedoghousemail.com\nSubject: \nBody: \nGreg,\nHappy B-day. Email me your phone # and I will call you.\nKeith Name: 36, dtype: object)

(37, text Date: Fri, 22 Sep 2000 00:06:00 -0700 (PDT)\nFrom: phillip.allen@enron.com\nTo: kathy.moore@enron.com\nSubject: \nBody: \nKathy,\nRegarding the guest password for gas daily, can you please relay the \ninformation to Mike Grigsby at 37031 so he can pass it along to the user at \ngas daily today. I will be out of the office on Friday.\nthank you\nPhillip Name: 37, dtype: object)

(38, text Date: Wed, 20 Sep 2000 08:06:00 -0700 (PDT)\nFrom: phillip.allen@enron.com\nTo: john.lavorato@enron.com\nSubject: \nBody: \nJohn,\n Denver's short rockies position beyond 2002 is created by their Trailblazer \ntransport. They are unhedged 15,000/d in 2003 and 25,000/d in 2004 and \n2005. \n They are scrubbing all their books and booking the Hubert deal on Wednesday \nand Thursday.\nPhillip Name: 38, dtype: object)

(39, text Date: Wed, 2 May 2001 12:36:00 -0700 (PDT)\nFrom: phillip.allen@enron.com\nTo: james.steffes@enron.com\nSubject: \nBody: \nJim,\nIs there going to be a conference call or some type of weekly meeting about all the regulatory issues facing California this week? Can you make sure the gas desk is included.\nPhillip Name: 39, dtype: object)

(40, text Date: Wed, 20 Sep 2000 06:34:00 -0700 (PDT)\nFrom: phillip.allen@enron.com\nTo: cbpres@austin.rr.com\nSubject: \nBody: \nGeorge,\n Below is a list of questions that Keith and I had regarding the Westgate \nproject:\n Ownership Structure\n What will be the ownership structure? Limited partnership? General partner?\n What are all the legal entities that will be involved and in what \ncapacity(regarding ownership and \n liabilities)?\n Who owns the land? improvements?\n Who holds the various loans?\n Is the land collateral?\n Investment\n \n What happens to initial investment?\n Is it used to purchase land for cash?Secure future loans?\n \n Why is the land cost spread out on the cash flow statement?\n When is the 700,000 actually needed? Now or for the land closing? Investment \nschedule?\n Investment Return\n Is Equity Repayment the return of the original investment?\n Is the plan to wait until the last unit is sold and closed before profits \nare distributed?\n Debt\n Which entity is the borrower for each loan and what recourse or collateral \nis associated with each \n loan?\n Improvement\n Construction\n Are these the only two loans? Looks like it from the cash flow statement.\n Terms of each loan?\n Uses of Funds\n How will disbursements be made? By whom?\n What type of bank account? Controls on max disbursement? Internet viewing \nfor investors?\n Reports to track expenses vs plan?\n Bookkeeping procedures to record actual expenses?\n What is the relationship of Creekside Builders to the project? Do you get \npaid a markup on subcontractors as a \n general contractor and paid gain out of profits?\n Do you or Larry receive any money in the form of salary or personal expenses \nbefore the ultimate payout of profits?\n Design and Construction\n \n When will design be complete?\n What input will investors have in selecting design and materials for units?\n What level of investor involvement will be possible during construction \nplanning and permitting?\n Does Creekside have specific procedures for dealing with subcontractors, \nvendors, and other professionals? \n Such as always getting 3 bids, payment schedules, or reference checking?\n Are there any specific companies or individuals that you already plan to \nuse? Names?\nThese questions are probably very basic to you, but as a first time investor \nin a project like this it is new to me. Also, I want to learn as\nmuch as possible from the process.\nPhillip\n \n \n \n \n Name: 40, dtype: object)

(41, text Date: Tue, 19 Sep 2000 09:35:00 -0700 (PDT)\nFrom: phillip.allen@enron.com\nTo: pallen70@hotmail.com\nSubject: Westgate Proforma-Phillip Allen.xls\nBody: \n---------------------- Forwarded by Phillip K Allen/HOU/ECT on 09/19/2000 \n04:35 PM ---------------------------\n"George Richards" <cbpres@austin.rr.com> on 09/08/2000 05:21:49 AM\nPlease respond to <cbpres@austin.rr.com>\nTo: "Phillip Allen" <pallen@enron.com>\ncc: "Larry Lewter" <retwell@mail.sanmarcos.net> \nSubject: Westgate Proforma-Phillip Allen.xls\nEnclosed is the preliminary proforma for the Westgate property is Austin\nthat we told you about. As you can tell from the proforma this project\nshould produce a truly exceptional return of over 40% per year over 3 years.\nThis is especially attractive when the project is in a market as strong as\nAustin and we are introducing new product that in a very low price range for\nthis market. This is the best project in terms of risk and reward that we\nhave uncovered to date in the Austin market.\nThe project does have approved zoning and will only require a site plan. As\nit is in the "Smart Growth Corridor" area designated by the City of Austin\nfor preferred development, this will be fast tracked and should be complete\nin less than 6 months. Additionally, many of the current and more severe\nwater treatment ordinances have been waived. I have estimated the lot\nimprovement costs based on a 28 lot development we investigated in North\nAustin, which included a detention/retention and filtration pond and street\nwidening. Even though this property is not likely to require street\nwidening and will have less of a detention/retention and filtration pond\nrequirement, I used this data to be cautious.\n The Lone Star gas line easement in the lower portion of the property is not\nexpected to impact sales significantly. Other projects have been quite\nsuccessful with identical relationships to this pipeline, such as the\nadjoining single family residential and a project at St. Edwards University.\nAs with most infill projects, the quality of the surrounding neighborhoods\nis uneven. We have included a fence around the entire property, but may\nonly put it on Westgate and Cameron Loop. Gated communities are far\npreferred so this is a good idea for both screening and current buyer\npreferences.\nThe seller accepted our offer Thursday evening with a price of $680,000 and\nan extended escrow. This will enable us to probably obtain an approved site\nplan before closing on the contract, which will mean that we can close into\nan A&D Loan rather than into a land loan and then an improvement loan.\nThis analysis shows your investment at $700,000 for a 50% interest in the\nprofits of the project. As we discussed in San Marcos, we can also discuss\nhaving you invest only in the lots, sell the lots to the construction entity\nwith your profit in the lot. I believe this would facilitate the use of a\n1031 Exchange of the proceeds from this deal into another project that is a\nrental deal or at least into the land for a rental project that would then\nbe the equity for that project. You would need to discuss this with an\nexchange expert first. Larry Lewter knows an expert in the field in San\nAntonio if you do not know anyone.\nI will send you a package on the property that was prepared by the broker,\nby Airborne Express today for Saturday delivery.\nOnce you have read the package and reviewed this proforma, we would want to\nschedule a tour of the site and the area. Please get back to me as soon as\nyour schedule permits regarding the site visit and feel free to call at any\ntime. You can reach me over the weekend and in the evening at either\n512-338-1119 or 512-338-1110. My cell phone is 512-748-7495 and the fax is\n512-338-1103. I look forward to hearing from you and to working with you\non this project that is sure to be a major winner.\nI regret that it took so long to get back to you, but we had some unusual\nevents these past few weeks. A small freakish wind storm with severe 60+mpg\ndowndrafts hit the South part of Austin where we are building 10 town homes.\nOne of these units had just had the roof decked with the siding scheduled to\nstart the next day. The severe downdraft hitting the decked roof was enough\nto knock it down. The City shut down the project for a week and it took\nanother week to get every thing back on tract. Then last week I had to take\nmy wife to emergency. She has a bulge in the material between the vertebra\nin her spine and it causes her extreme pain and has kept her bedridden this\npast week.. There is nothing like having your wife incapacitated to realize\nthe enormous number of things she does everyday. Fortunately, it looks as\nif she will be ok in the long run.\nGeorge W. Richards\nCreekside Builders, LLC\n - Westgate Proforma-Phillip Allen.xls Name: 41, dtype: object)

(42, text Date: Tue, 19 Sep 2000 07:26:00 -0700 (PDT)\nFrom: phillip.allen@enron.com\nTo: cbpres@austin.rr.com\nSubject: \nBody: \nGeorge,\n Here sales numbers from Reagan:\n \n \n As you can see his units sold at a variety of prices per square foot. The \n1308/1308 model seems to have the most data and looks most similiar to the \nunits you are selling. At 2.7 MM, my bid is .70/sf higher than his units \nunder construction. I am having a hard time justifying paying much more with \ncompetition on the way. The price I am bidding is higher than any deals \nactually done to date. \n Let me know what you think. I will follow up with an email and phone call \nabout Cherry Creek. I am sure Deborah Yates let you know that the bid was \nrejected on the De Ville property.\nPhillip Allen\n \n \n Name: 42, dtype: object)

(43, text Date: Tue, 19 Sep 2000 03:15:00 -0700 (PDT)\nFrom: phillip.allen@enron.com\nTo: jsmith@austintx.com\nSubject: \nBody: \nJeff,\n What is up with Burnet?\nPhillip Name: 43, dtype: object)

(44, text Date: Mon, 18 Sep 2000 02:34:00 -0700 (PDT)\nFrom: phillip.allen@enron.com\nTo: jsmith@austintx.com\nSubject: Re: burnet\nBody: \nJeff,\n I need to see the site plan for Burnet. Remember I must get written \napproval from Brenda Key Stone before I can sell this property and she has \nconcerns about the way the property will be subdivided. I would also like \nto review the closing statements as soon as possible.\nPhillip Name: 44, dtype: object)

(45, text Date: Wed, 13 Sep 2000 06:02:00 -0700 (PDT)\nFrom: phillip.allen@enron.com\nTo: stagecoachmama@hotmail.com\nSubject: \nBody: \nLucy,\nI want to have an accurate rent roll as soon as possible. I faxed you a copy \nof this file. You can fill in on the computer or just write in the correct \namounts and I will input. Name: 45, dtype: object)

(46, text Date: Tue, 12 Sep 2000 06:42:00 -0700 (PDT)\nFrom: phillip.allen@enron.com\nTo: bs_stone@yahoo.com\nSubject: Re: Sept 1 Payment\nBody: \nBrenda,\n I checked my records and I mailed check #1178 for the normal amount on \nAugust 28th. I mailed it to 4303 Pate Rd. #29, College Station, TX 77845. I \nwill go ahead and mail you another check. If the first one shows up you can \ntreat the 2nd as payment for October.\n I know your concerns about the site plan. I will not proceed without \ngetting the details and getting your approval.\n I will find that amortization schedule and send it soon.\nPhillip Name: 46, dtype: object)

(47, text Date: Tue, 12 Sep 2000 06:06:00 -0700 (PDT)\nFrom: phillip.allen@enron.com\nTo: stagecoachmama@hotmail.com\nSubject: \nBody: \nLucy,\nYou wrote fewer checks this month. Spent more money on Materials and less on \nLabor.\n June July August\nTotal Materials 2929 4085 4801\nServices 53 581 464\nLabor 3187 3428 2770\nHere are my questions on the August bank statement (attached):\n1. Check 1406 Walmart Description and unit?\n2. Check 1410 Crumps Detail description and unit?\n3. Check 1411 Lucy What is this?\n4. Check 1415 Papes Detail description and units?\n5. Checks 1416, 1417, and 1425 Why overtime?\n6. Check 1428 Ralph's What unit?\n7. Check 1438 Walmart? Description and unit? \nTry and pull together the support for these items and get back to me.\nPhillip Name: 47, dtype: object)

(48, text Date: Tue, 12 Sep 2000 04:23:00 -0700 (PDT)\nFrom: phillip.allen@enron.com\nTo: paul.lucci@enron.com, kenneth.shulklapper@enron.com\nSubject: Contact list for mid market\nBody: \n---------------------- Forwarded by Phillip K Allen/HOU/ECT on 09/12/2000 \n11:22 AM ---------------------------\nMichael Etringer\n09/11/2000 02:32 PM\nTo: Phillip K Allen/HOU/ECT@ECT\ncc: \nSubject: Contact list for mid market\nPhillip,\nAttached is the list. Have your people fill in the columns highlighted in \nyellow. As best can we will try not to overlap on accounts. \nThanks, Mike Name: 48, dtype: object)

(49, text Date: Tue, 12 Sep 2000 00:27:00 -0700 (PDT)\nFrom: phillip.allen@enron.com\nTo: moshuffle@hotmail.com\nSubject: \nBody: \nhttp://www.hearme.com/vc2/?chnlOwnr=pallen@enron.com Name: 49, dtype: object)

(50, text Date: Wed, 2 May 2001 10:27:00 -0700 (PDT)\nFrom: phillip.allen@enron.com\nTo: tori.kuykendall@enron.com\nSubject: Re: 2- SURVEY - PHILLIP ALLEN\nBody: \n---------------------- Forwarded by Phillip K Allen/HOU/ECT on 05/02/2001 05:26 AM ---------------------------\nIna Rangel\n05/01/2001 12:24 PM\nTo:\tPhillip K Allen/HOU/ECT@ECT\ncc:\t \nSubject:\tRe: 2- SURVEY - PHILLIP ALLEN \n \n-\nFull Name: Phillip Allen\nLogin ID: \tpallen\nExtension: 3-7041\nOffice Location: EB3210C\nWhat type of computer do you have? (Desktop, Laptop, Both) Both\nDo you have a PDA? If yes, what type do you have: (None, IPAQ, Palm Pilot, Jornada) IPAQ\nDo you have permission to access anyone's Email/Calendar? NO\n If yes, who? \nDoes anyone have permission to access your Email/Calendar? YES\n If yes, who? INA RANGEL\nAre you responsible for updating anyone else's address book? \n If yes, who? NO\nIs anyone else responsible for updating your address book? \n If yes, who? NO\nDo you have access to a shared calendar? \n If yes, which shared calendar? YES, West Calendar\nDo you have any Distribution Groups that Messaging maintains for you (for mass mailings)? \n If yes, please list here: NO\nPlease list all Notes databases applications that you currently use: NONE\nIn our efforts to plan the exact date/time of your migration, we also will need to know:\nWhat are your normal work hours? From: 7:00 AM To: 5:00 PM\nWill you be out of the office in the near future for vacation, leave, etc? NO\n If so, when? From (MM/DD/YY): To (MM/DD/YY): \n<Embedded StdOleLink> Name: 50, dtype: object)

(51, text Date: Mon, 11 Sep 2000 09:57:00 -0700 (PDT)\nFrom: phillip.allen@enron.com\nTo: keith.holst@enron.com\nSubject: Westgate Proforma-Phillip Allen.xls\nBody: \n---------------------- Forwarded by Phillip K Allen/HOU/ECT on 09/11/2000 \n04:57 PM ---------------------------\n"George Richards" <cbpres@austin.rr.com> on 09/08/2000 05:21:49 AM\nPlease respond to <cbpres@austin.rr.com>\nTo: "Phillip Allen" <pallen@enron.com>\ncc: "Larry Lewter" <retwell@mail.sanmarcos.net> \nSubject: Westgate Proforma-Phillip Allen.xls\nEnclosed is the preliminary proforma for the Westgate property is Austin\nthat we told you about. As you can tell from the proforma this project\nshould produce a truly exceptional return of over 40% per year over 3 years.\nThis is especially attractive when the project is in a market as strong as\nAustin and we are introducing new product that in a very low price range for\nthis market. This is the best project in terms of risk and reward that we\nhave uncovered to date in the Austin market.\nThe project does have approved zoning and will only require a site plan. As\nit is in the "Smart Growth Corridor" area designated by the City of Austin\nfor preferred development, this will be fast tracked and should be complete\nin less than 6 months. Additionally, many of the current and more severe\nwater treatment ordinances have been waived. I have estimated the lot\nimprovement costs based on a 28 lot development we investigated in North\nAustin, which included a detention/retention and filtration pond and street\nwidening. Even though this property is not likely to require street\nwidening and will have less of a detention/retention and filtration pond\nrequirement, I used this data to be cautious.\n The Lone Star gas line easement in the lower portion of the property is not\nexpected to impact sales significantly. Other projects have been quite\nsuccessful with identical relationships to this pipeline, such as the\nadjoining single family residential and a project at St. Edwards University.\nAs with most infill projects, the quality of the surrounding neighborhoods\nis uneven. We have included a fence around the entire property, but may\nonly put it on Westgate and Cameron Loop. Gated communities are far\npreferred so this is a good idea for both screening and current buyer\npreferences.\nThe seller accepted our offer Thursday evening with a price of $680,000 and\nan extended escrow. This will enable us to probably obtain an approved site\nplan before closing on the contract, which will mean that we can close into\nan A&D Loan rather than into a land loan and then an improvement loan.\nThis analysis shows your investment at $700,000 for a 50% interest in the\nprofits of the project. As we discussed in San Marcos, we can also discuss\nhaving you invest only in the lots, sell the lots to the construction entity\nwith your profit in the lot. I believe this would facilitate the use of a\n1031 Exchange of the proceeds from this deal into another project that is a\nrental deal or at least into the land for a rental project that would then\nbe the equity for that project. You would need to discuss this with an\nexchange expert first. Larry Lewter knows an expert in the field in San\nAntonio if you do not know anyone.\nI will send you a package on the property that was prepared by the broker,\nby Airborne Express today for Saturday delivery.\nOnce you have read the package and reviewed this proforma, we would want to\nschedule a tour of the site and the area. Please get back to me as soon as\nyour schedule permits regarding the site visit and feel free to call at any\ntime. You can reach me over the weekend and in the evening at either\n512-338-1119 or 512-338-1110. My cell phone is 512-748-7495 and the fax is\n512-338-1103. I look forward to hearing from you and to working with you\non this project that is sure to be a major winner.\nI regret that it took so long to get back to you, but we had some unusual\nevents these past few weeks. A small freakish wind storm with severe 60+mpg\ndowndrafts hit the South part of Austin where we are building 10 town homes.\nOne of these units had just had the roof decked with the siding scheduled to\nstart the next day. The severe downdraft hitting the decked roof was enough\nto knock it down. The City shut down the project for a week and it took\nanother week to get every thing back on tract. Then last week I had to take\nmy wife to emergency. She has a bulge in the material between the vertebra\nin her spine and it causes her extreme pain and has kept her bedridden this\npast week.. There is nothing like having your wife incapacitated to realize\nthe enormous number of things she does everyday. Fortunately, it looks as\nif she will be ok in the long run.\nGeorge W. Richards\nCreekside Builders, LLC\n - Westgate Proforma-Phillip Allen.xls Name: 51, dtype: object)

(52, text Date: Mon, 11 Sep 2000 09:30:00 -0700 (PDT)\nFrom: phillip.allen@enron.com\nTo: jsmith@austintx.com\nSubject: Re: Chelsea Villas\nBody: \nJeff,\n I received the rent roll. I am going to be in San Marcos this weekend but I \nam booked with stage coach. I will drive by Friday evening.\n I will let you know next week if I need to see the inside. Can you find out \nwhen Chelsea Villa last changed hands and for what price?\n What about getting a look at the site plans for the Burnet deal. Remember \nwe have to get Brenda happy.\nPhillip Name: 52, dtype: object)

(53, text Date: Mon, 11 Sep 2000 08:07:00 -0700 (PDT)\nFrom: phillip.allen@enron.com\nTo: john.lavorato@enron.com\nSubject: \nBody: \n 9/8 9/7 diff\nSocal 36,600 37,200 -600\nNWPL -51,000 -51,250 250\nSan Juan -32,500 -32,000 -500\nThe reason the benchmark report shows net selling San Juan is that the \ntransport positions were rolled in on 9/8. This added 800 shorts to San Juan \nand 200 longs to Socal. Before this adjustment we bought 300 San Juan and \nsold 800 Socal.\n Name: 53, dtype: object)

(54, text Date: Mon, 11 Sep 2000 07:16:00 -0700 (PDT)\nFrom: phillip.allen@enron.com\nTo: frank.hayden@enron.com\nSubject: Re: VaR by Curve\nBody: \nwhy is aeco basis so low on the list? Is NWPL mapped differently than AECO? \nWhat about the correlation to Nymex on AECO? Name: 54, dtype: object)

(55, text Date: Mon, 11 Sep 2000 02:19:00 -0700 (PDT)\nFrom: phillip.allen@enron.com\nTo: jsmith@austintx.com\nSubject: Re: Sagewood etc.\nBody: \nJeff,\n You would clearly receive a commission on a deal on the sagewood. \n I am surprised by your request for payment on any type of project in which \nI might become involved with Creekside. Are you in the business of brokering \nproperties or contacts? Is your position based on a legal or what you \nperceive to be an ethical issue? Did you propose we look at developing a \nproject from scratch?\n I am not prepared to pay more than 2.7 for sagewood yet. \nPhillip Name: 55, dtype: object)

(56, text Date: Fri, 8 Sep 2000 05:30:00 -0700 (PDT)\nFrom: phillip.allen@enron.com\nTo: pallen70@hotmail.com\nSubject: Sagewood Town Homes\nBody: \n---------------------- Forwarded by Phillip K Allen/HOU/ECT on 09/08/2000 \n12:29 PM ---------------------------\n"George Richards" <cbpres@austin.rr.com> on 09/08/2000 05:35:20 AM\nPlease respond to <cbpres@austin.rr.com>\nTo: "Phillip Allen" <pallen@enron.com>\ncc: "Larry Lewter" <retwell@mail.sanmarcos.net>, "Diana Zuniga" \n<invest@bga.com> \nSubject: Sagewood Town Homes\nI was aware that Regan Lehman, the lot developer for the entire 70 lot\nduplex project, was selling his units in the $180's, He does have a much\nlower basis in the lots than anyone else, but the prime differences are due\nto a) he is selling them during construction and b) they are smaller units.\nWe do not know the exact size of each of his units, but we believe one of\nthe duplexes is a 1164/1302 sq ft. plan. This would produce an average sq\nfootage of 1233, which would be $73.80 psf at $182,000. (I thought his\nsales price was $187,000.) At this price psf our 1,376 sf unit would sell\nfor $203,108.\nWhat is more important, in my view, is a) the rental rate and b) the\nrent-ability. You have all of our current rental and cost data for your own\nevaluation. As for rent-ability, I believe that we have shown that the\n3-bedroom, 3.5 bath is strongly preferred in this market. In fact, if we\nwere able to purchase additional lots from Regan we would build 4 bedroom\nunits along with the 3-bedroom plan.\nPhillip, I will call you today to go over this more thoroughly.\nSincerely,\nGeorge W. Richards\nCreekside Builders, LLC Name: 56, dtype: object)

(57, text Date: Fri, 8 Sep 2000 05:29:00 -0700 (PDT)\nFrom: phillip.allen@enron.com\nTo: pallen70@hotmail.com\nSubject: Westgate Proforma-Phillip Allen.xls\nBody: \n---------------------- Forwarded by Phillip K Allen/HOU/ECT on 09/08/2000 \n12:28 PM ---------------------------\n"George Richards" <cbpres@austin.rr.com> on 09/08/2000 05:21:49 AM\nPlease respond to <cbpres@austin.rr.com>\nTo: "Phillip Allen" <pallen@enron.com>\ncc: "Larry Lewter" <retwell@mail.sanmarcos.net> \nSubject: Westgate Proforma-Phillip Allen.xls\nEnclosed is the preliminary proforma for the Westgate property is Austin\nthat we told you about. As you can tell from the proforma this project\nshould produce a truly exceptional return of over 40% per year over 3 years.\nThis is especially attractive when the project is in a market as strong as\nAustin and we are introducing new product that in a very low price range for\nthis market. This is the best project in terms of risk and reward that we\nhave uncovered to date in the Austin market.\nThe project does have approved zoning and will only require a site plan. As\nit is in the "Smart Growth Corridor" area designated by the City of Austin\nfor preferred development, this will be fast tracked and should be complete\nin less than 6 months. Additionally, many of the current and more severe\nwater treatment ordinances have been waived. I have estimated the lot\nimprovement costs based on a 28 lot development we investigated in North\nAustin, which included a detention/retention and filtration pond and street\nwidening. Even though this property is not likely to require street\nwidening and will have less of a detention/retention and filtration pond\nrequirement, I used this data to be cautious.\n The Lone Star gas line easement in the lower portion of the property is not\nexpected to impact sales significantly. Other projects have been quite\nsuccessful with identical relationships to this pipeline, such as the\nadjoining single family residential and a project at St. Edwards University.\nAs with most infill projects, the quality of the surrounding neighborhoods\nis uneven. We have included a fence around the entire property, but may\nonly put it on Westgate and Cameron Loop. Gated communities are far\npreferred so this is a good idea for both screening and current buyer\npreferences.\nThe seller accepted our offer Thursday evening with a price of $680,000 and\nan extended escrow. This will enable us to probably obtain an approved site\nplan before closing on the contract, which will mean that we can close into\nan A&D Loan rather than into a land loan and then an improvement loan.\nThis analysis shows your investment at $700,000 for a 50% interest in the\nprofits of the project. As we discussed in San Marcos, we can also discuss\nhaving you invest only in the lots, sell the lots to the construction entity\nwith your profit in the lot. I believe this would facilitate the use of a\n1031 Exchange of the proceeds from this deal into another project that is a\nrental deal or at least into the land for a rental project that would then\nbe the equity for that project. You would need to discuss this with an\nexchange expert first. Larry Lewter knows an expert in the field in San\nAntonio if you do not know anyone.\nI will send you a package on the property that was prepared by the broker,\nby Airborne Express today for Saturday delivery.\nOnce you have read the package and reviewed this proforma, we would want to\nschedule a tour of the site and the area. Please get back to me as soon as\nyour schedule permits regarding the site visit and feel free to call at any\ntime. You can reach me over the weekend and in the evening at either\n512-338-1119 or 512-338-1110. My cell phone is 512-748-7495 and the fax is\n512-338-1103. I look forward to hearing from you and to working with you\non this project that is sure to be a major winner.\nI regret that it took so long to get back to you, but we had some unusual\nevents these past few weeks. A small freakish wind storm with severe 60+mpg\ndowndrafts hit the South part of Austin where we are building 10 town homes.\nOne of these units had just had the roof decked with the siding scheduled to\nstart the next day. The severe downdraft hitting the decked roof was enough\nto knock it down. The City shut down the project for a week and it took\nanother week to get every thing back on tract. Then last week I had to take\nmy wife to emergency. She has a bulge in the material between the vertebra\nin her spine and it causes her extreme pain and has kept her bedridden this\npast week.. There is nothing like having your wife incapacitated to realize\nthe enormous number of things she does everyday. Fortunately, it looks as\nif she will be ok in the long run.\nGeorge W. Richards\nCreekside Builders, LLC\n - Westgate Proforma-Phillip Allen.xls Name: 57, dtype: object)

(58, text Date: Wed, 6 Sep 2000 08:54:00 -0700 (PDT)\nFrom: phillip.allen@enron.com\nTo: pallen70@hotmail.com\nSubject: utilities roll\nBody: \n---------------------- Forwarded by Phillip K Allen/HOU/ECT on 09/06/2000 \n03:53 PM ---------------------------\n"Lucy Gonzalez" <stagecoachmama@hotmail.com> on 09/06/2000 09:06:45 AM\nTo: pallen@enron.com\ncc: \nSubject: utilities roll\n_________________________________________________________________________\nGet Your Private, Free E-mail from MSN Hotmail at http://www.hotmail.com.\nShare information about yourself, create your own public profile at\nhttp://profiles.msn.com.\n - utility.xls\n - utility.xls Name: 58, dtype: object)

(59, text Date: Wed, 6 Sep 2000 07:02:00 -0700 (PDT)\nFrom: phillip.allen@enron.com\nTo: ina.rangel@enron.com\nSubject: TIME SENSITIVE: Executive Impact & Influence Program Survey\nBody: \n---------------------- Forwarded by Phillip K Allen/HOU/ECT on 09/06/2000 \n02:01 PM ---------------------------\nEnron-admin@FSDDataSvc.com on 09/06/2000 10:12:33 AM\nTo: pallen@enron.com\ncc: \nSubject: TIME SENSITIVE: Executive Impact & Influence Program Survey\nExecutive Impact & Influence Program\n* IMMEDIATE ACTION REQUIRED - Do Not Delete *\nAs part of the Executive Impact and Influence Program, each participant\nis asked to gather input on the participant's own management styles and\npractices as experienced by their immediate manager, each direct report,\nand up to eight peers/colleagues.\nYou have been requested to provide feedback for a participant attending\nthe next program. Your input (i.e., a Self assessment, Manager assessment,\nDirect Report assessment, or Peer/Colleague assessment) will be combined\nwith the input of others and used by the program participant to develop an\naction plan to improve his/her management styles and practices.\nIt is important that you complete this assessment\nNO LATER THAN CLOSE OF BUSINESS Thursday, September 14.\nSince the feedback is such an important part of the program, the participant\nwill be asked to cancel his/her attendance if not enough feedback is\nreceived. Therefore, your feedback is critical.\nTo complete your assessment, please click on the following link or simply\nopen your internet browser and go to:\nhttp://www.fsddatasvc.com/enron\nYour unique ID for each participant you have been asked to rate is:\nUnique ID - Participant\nEVH3JY - John Arnold\nER93FX - John Lavorato\nEPEXWX - Hunter Shively\nIf you experience technical problems, please call Dennis Ward at\nFSD Data Services, 713-942-8436. If you have any questions about this \nprocess,\nyou may contact Debbie Nowak at Enron, 713-853-3304, or Christi Smith at\nKeilty, Goldsmith & Company, 858-450-2554.\nThank you for your participation. Name: 59, dtype: object)

(60, text Date: Wed, 6 Sep 2000 07:00:00 -0700 (PDT)\nFrom: phillip.allen@enron.com\nTo: retwell@sanmarcos.net\nSubject: \nBody: \nLarry,\n Just a note to touch base on the sagewood townhomes and other development \nopportunities.\n I stumbled across some other duplexes for sale on the same street. that were \nbuilt by Reagan Lehmann. 22 Units were sold for \n around $2 million. ($182,000/duplex). I spoke to Reagan and he indicated \nthat he had more units under construction that would be \n available in the 180's. Are the units he is selling significantly different \nfrom yours? He mentioned some of the units are the 1308 floor\n plan. My bid of 2.7 million is almost $193,000/duplex. \n As far as being an investor in a new project, I am still very interested. \n Call or email with your thoughts.\nPhillip Name: 60, dtype: object)

(61, text Date: Tue, 1 May 2001 17:14:00 -0700 (PDT)\nFrom: phillip.allen@enron.com\nTo: ina.rangel@enron.com\nSubject: 4-URGENT - OWA Please print this now.\nBody: \n---------------------- Forwarded by Phillip K Allen/HOU/ECT on 05/01/2001 0=\n2:14 PM ---------------------------\nOutlook Migration Team@ENRON\n04/27/2001 01:01 PM\nTo:=09Allison Horton/NA/Enron@ENRON, Amir Baig/NA/Enron@ENRON, Brandon Bang=\nerter/NA/Enron@Enron, Brian Ellis/Corp/Enron@Enron, Charles Philpott/HR/Cor=\np/Enron@ENRON, Chris P Wood/NA/Enron@Enron, Chris Tull/HOU/ECT@ECT, Dale Sm=\nith/Corp/Enron@ENRON, Dave June/NA/Enron@ENRON, Donald Sutton/NA/Enron@Enro=\nn, Felicia Buenrostro/HR/Corp/Enron@ENRON, Johnna Morrison/Corp/Enron@ENRON=\n, Joe Dorn/Corp/Enron@ENRON, Kathryn Schultea/HR/Corp/Enron@ENRON, Leon McD=\nowell/NA/Enron@ENRON, Leticia Barrios/Corp/Enron@ENRON, Milton Brown/HR/Cor=\np/Enron@ENRON, Raj Perubhatla/Corp/Enron@Enron, Shekar Komatireddy/NA/Enron=\n@Enron, Andrea Yowman/Corp/Enron@ENRON, Angie O'Brian/HR/Corp/Enron@ENRON, =\nBonne Castellano/HR/Corp/Enron@ENRON, Gwynn Gorsuch/NA/Enron@ENRON, Jo Ann =\nMatson/Corp/Enron@ENRON, LaQuitta Washington/HR/Corp/Enron@ENRON, Rick John=\nson/HR/Corp/Enron@ENRON, Sandra Lighthill/HR/Corp/Enron@ENRON, Valeria A Ho=\npe/HOU/ECT@ECT, Charlotte Brown/HR/Corp/Enron@ENRON, Ronald Fain/HR/Corp/En=\nron@ENRON, Gary Fitch/HR/Corp/Enron@Enron, Anna Harris/HR/Corp/Enron@ENRON,=\n Keith Jones/HR/Corp/Enron@ENRON, Kristi Monson/NA/Enron@Enron, Bobbie McNi=\nel/HR/Corp/Enron@ENRON, John Stabler/HR/Corp/Enron@ENRON, Michelle Prince/N=\nA/Enron@Enron, James Gramke/NA/Enron@ENRON, Blair Hicks/NA/Enron@ENRON, Jen=\nnifer Johnson/Contractor/Enron Communications@Enron Communications, Jim Lit=\ntle/Enron@EnronXGate, Dale Lukert/NA/Enron@ENRON, Donald Martin/NA/Enron@EN=\nRON, Andrew Mattei/NA/Enron@ENRON, Darvin Mitchell/NA/Enron@ENRON, Mark Old=\nham/NA/Enron@ENRON, Wesley Pearson/NA/Enron@ENRON, Ramon Pizarro/ENRON_DEVE=\nLOPMENT@ENRON_DEVELOPMENT, Natalie Rau/NA/Enron@ENRON, William Redick/NA/En=\nron@ENRON, Mark A Richardson/NA/Enron@ENRON, Joseph Schnieders/NA/Enron@ENR=\nON, Gary Simmons/NA/Enron@Enron, Delaney Trimble/NA/Enron@ENRON, David Upto=\nn/NA/Enron@ENRON, Mike Boegler/HR/Corp/Enron@ENRON, Lyndel Click/HR/Corp/En=\nron@ENRON, Gabriel Franco/NA/Enron@Enron, Randy Gross/HR/Corp/Enron@Enron, =\nArthur Johnson/HR/Corp/Enron@Enron, Danny Jones/HR/Corp/Enron@ENRON, John O=\ngden/Houston/Eott@Eott, Edgar Ponce/NA/Enron@Enron, Tracy Pursifull/HR/Corp=\n/Enron@ENRON, Lance Stanley/HR/Corp/Enron@ENRON, Frank Ermis/HOU/ECT@ECT, J=\nane M Tholt/HOU/ECT@ECT, Jay Reitmeyer/HOU/ECT@ECT, Keith Holst/HOU/ECT@ect=\n, Matthew Lenhart/HOU/ECT@ECT, Mike Grigsby/HOU/ECT@ECT, Monique Sanchez/HO=\nU/ECT@ECT, Phillip K Allen/HOU/ECT@ECT, Randall L Gay/HOU/ECT@ECT, Tori Kuy=\nkendall/HOU/ECT@ECT, Brenda H Fletcher/HOU/ECT@ECT, Jeanne Wukasch/Corp/Enr=\non@ENRON, Mary Theresa Franklin/HOU/ECT@ECT, Mike Potter/NA/Enron@Enron, Na=\ntalie Baker/HOU/ECT@ECT, Suzanne Calcagno/NA/Enron@Enron, Alvin Thompson/Co=\nrp/Enron@Enron, Cynthia Franklin/Corp/Enron@ENRON, Jesse Villarreal/HOU/ECT=\n@ECT, Joan Collins/HOU/EES@EES, Joe A Casas/HOU/ECT@ECT, Kelly Loocke/ENRON=\n@enronXgate, Lia Halstead/NA/Enron@ENRON, Meredith Homco/HOU/ECT@ECT, Rober=\nt Allwein/HOU/ECT@ECT, Scott Loving/NA/Enron@ENRON, Shanna Boudreaux/ENRON@=\nenronXgate, Steve Gillespie/Corp/Enron@ENRON, Tamara Carter/NA/Enron@ENRON,=\n Tracy Wood/NA/Enron@ENRON, Gabriel Fuzat/Enron Communications@Enron Commun=\nications, Jack Netek/Enron Communications@Enron Communications, Lam Nguyen/=\nNA/Enron@Enron, Camille Gerard/Corp/Enron@ENRON, Craig Taylor/HOU/ECT@ECT, =\nJessica Hangach/NYC/MGUSA@MGUSA, Kathy Gagel/NYC/MGUSA@MGUSA, Lisa Goulart/=\nNYC/MGUSA@MGUSA, Ruth Balladares/NYC/MGUSA@MGUSA, Sid Strutt/NYC/MGUSA@MGUS=\nA\ncc:=09=20\nSubject:=094-URGENT - OWA Please print this now.\nCurrent Notes User:\nREASONS FOR USING OUTLOOK WEB ACCESS (OWA)\n1. Once your mailbox has been migrated from Notes to Outlook, the Outlook c=\nlient will be configured on your computer.\nAfter migration of your mailbox, you will not be able to send or recieve ma=\nil via Notes, and you will not be able to start using Outlook until it is c=\nonfigured by the Outlook Migration team the morning after your mailbox is m=\nigrated. During this period, you can use Outlook Web Access (OWA) via your=\n web browser (Internet Explorer 5.0) to read and send mail.\nPLEASE NOTE: Your calendar entries, personal address book, journals, and T=\no-Do entries imported from Notes will not be available until the Outlook cl=\nient is configured on your desktop.\n2. Remote access to your mailbox.\nAfter your Outlook client is configured, you can use Outlook Web Access (OW=\nA) for remote access to your mailbox.\nPLEASE NOTE: At this time, the OWA client is only accessible while connect=\ning to the Enron network (LAN). There are future plans to make OWA availab=\nle from your home or when traveling abroad.\nHOW TO ACCESS OUTLOOK WEB ACCESS (OWA)\nLaunch Internet Explorer 5.0, and in the address window type: http://nahou=\n-msowa01p/exchange/john.doe\nSubstitute "john.doe" with your first and last name, then click ENTER. You=\n will be prompted with a sign in box as shown below. Type in "corp/your us=\ner id" for the user name and your NT password to logon to OWA and click OK.=\n You will now be able to view your mailbox.\n=09\nPLEASE NOTE: There are some subtle differences in the functionality betwee=\nn the Outlook and OWA clients. You will not be able to do many of the thin=\ngs in OWA that you can do in Outlook. Below is a brief list of *some* of t=\nhe functions NOT available via OWA:\nFeatures NOT available using OWA:\n- Tasks\n- Journal\n- Spell Checker\n- Offline Use\n- Printing Templates\n- Reminders\n- Timed Delivery\n- Expiration\n- Outlook Rules\n- Voting, Message Flags and Message Recall\n- Sharing Contacts with others\n- Task Delegation\n- Direct Resource Booking\n- Personal Distribution Lists\nQUESTIONS OR CONCERNS?\nIf you have questions or concerns using the OWA client, please contact the =\nOutlook 2000 question and answer Mailbox at:\n=09Outlook.2000@enron.com\nOtherwise, you may contact the Resolution Center at:\n=09713-853-1411\nThank you,\nOutlook 2000 Migration Team Name: 61, dtype: object)

(62, text Date: Wed, 6 Sep 2000 06:04:00 -0700 (PDT)\nFrom: phillip.allen@enron.com\nTo: ina.rangel@enron.com\nSubject: \nBody: \nIna,\n I scheduled a meeting with Jean Mrha tomorrow at 3:30 Name: 62, dtype: object)

(63, text Date: Wed, 6 Sep 2000 04:46:00 -0700 (PDT)\nFrom: phillip.allen@enron.com\nTo: thomas.martin@enron.com, mike.grigsby@enron.com, keith.holst@enron.com, \n\tjay.reitmeyer@enron.com, frank.ermis@enron.com\nSubject: Wow\nBody: \n---------------------- Forwarded by Phillip K Allen/HOU/ECT on 09/06/2000 \n10:49 AM ---------------------------\nJeff Richter\n09/06/2000 07:39 AM\nTo: Phillip K Allen/HOU/ECT@ECT\ncc: \nSubject: Wow\n---------------------- Forwarded by Jeff Richter/HOU/ECT on 09/06/2000 09:45 \nAM ---------------------------\nTo: Mike Swerzbin/HOU/ECT@ECT, Robert Badeer/HOU/ECT@ECT, Sean \nCrandall/PDX/ECT@ECT, Tim Belden/HOU/ECT@ECT, Jeff Richter/HOU/ECT@ECT, John \nM Forney/HOU/ECT@ECT, Matt Motley/PDX/ECT@ECT, Tom Alonso/PDX/ECT@ECT, Mark \nFischer/PDX/ECT@ECT\ncc: \nSubject: Wow\n---------------------- Forwarded by Tim Belden/HOU/ECT on 09/06/2000 07:27 AM \n---------------------------\n \n\tEnron Capital & Trade Resources Corp.\n\t\n\tFrom: Kevin M Presto 09/05/2000 01:59 PM\n\t\nTo: Tim Belden/HOU/ECT@ECT\ncc: Rogers Herndon/HOU/ECT@ect, John Zufferli/HOU/ECT@ECT, Lloyd \nWill/HOU/ECT@ECT, Doug Gilbert-Smith/Corp/Enron@ENRON, Mike \nSwerzbin/HOU/ECT@ECT \nSubject: Wow\nDo not underestimate the effects of the Internet economy on load growth. I \nhave been preaching the tremendous growth described below for the last year. \nThe utility infrastructure simply cannot handle these loads at the \ndistribution level and ultimatley distributed generation will be required for \npower quality reasons.\nThe City of Austin, TX has experienced 300+ MW of load growth this year due \nto server farms and technology companies. There is a 100 MW server farm \ntrying to hook up to HL&P as we speak and they cannot deliver for 12 months \ndue to distribution infrastructure issues. Obviously, Seattle, Porltand, \nBoise, Denver, San Fran and San Jose in your markets are in for a rude \nawakening in the next 2-3 years.\n---------------------- Forwarded by Kevin M Presto/HOU/ECT on 09/05/2000 \n03:41 PM ---------------------------\n \n\tEnron North America Corp.\n\t\n\tFrom: John D Suarez 09/05/2000 01:45 PM\n\t\nTo: Kevin M Presto/HOU/ECT@ECT, Mark Dana Davis/HOU/ECT@ECT, Paul J \nBroderick/HOU/ECT@ECT, Jeffrey Miller/NA/Enron@Enron\ncc: \nSubject: \n---------------------- Forwarded by John D Suarez/HOU/ECT on 09/05/2000 01:46 \nPM ---------------------------\nGeorge Hopley\n09/05/2000 11:41 AM\nTo: John D Suarez/HOU/ECT@ECT, Suresh Vasan/Enron Communications@ENRON \nCOMMUNICATIONS@ENRON\ncc: \nSubject: \nInternet Data Gain Is a Major Power Drain on\n Local Utilities \n ( September 05, 2000 ) \n In 1997, a little-known Silicon Valley company called Exodus\n Communications opened a 15,000-square-foot data center in \nTukwila. \n The mission was to handle the Internet traffic and \ncomputer servers for the\n region's growing number of dot-coms. \n Fast-forward to summer 2000. Exodus is now wrapping up \nconstruction\n on a new 13-acre, 576,000-square-foot data center less than \na mile from its\n original facility. Sitting at the confluence of several \nfiber optic backbones, the\n Exodus plant will consume enough power for a small town and \neventually\n house Internet servers for firms such as Avenue A, \nMicrosoft and Onvia.com. \n Exodus is not the only company building massive data \ncenters near Seattle.\n More than a dozen companies -- with names like AboveNet, \nGlobix and\n HostPro -- are looking for facilities here that will house \nthe networking\n equipment of the Internet economy. \n It is a big business that could have an effect on \neverything from your\n monthly electric bill to the ease with which you access \nyour favorite Web sites.\n Data centers, also known as co-location facilities and \nserver farms, are\n sprouting at such a furious pace in Tukwila and the Kent \nValley that some\n have expressed concern over whether Seattle City Light and \nPuget Sound\n Energy can handle the power necessary to run these 24-hour, \nhigh-security\n facilities. \n "We are talking to about half a dozen customers that \nare requesting 445\n megawatts of power in a little area near Southcenter Mall," \nsaid Karl\n Karzmar, manager of revenue requirements for Puget Sound \nEnergy. "That is\n the equivalent of six oil refineries." \n A relatively new phenomenon in the utility business, \nthe rise of the Internet\n data center has some utility veterans scratching their \nheads. \n Puget Sound Energy last week asked the Washington \nUtilities and\n Transportation Commission to accept a tariff on the new \ndata centers. The\n tariff is designed to protect the company's existing \nresidential and business\n customers from footing the bill for the new base stations \nnecessary to support\n the projects. Those base stations could cost as much as $20 \nmillion each,\n Karzmar said. \n Not to be left behind, Seattle City Light plans to \nbring up the data center\n issue on Thursday at the Seattle City Council meeting. \n For the utilities that provide power to homes, \nbusinesses and schools in the\n region, this is a new and complex issue. \n On one hand, the data centers -- with their amazing \nappetite for power --\n represent potentially lucrative business customers. The \nfacilities run 24 hours a\n day, seven days a week, and therefore could become a \nconstant revenue\n stream. On the other hand, they require so much energy that \nthey could\n potentially flood the utilities with exorbitant capital \nexpenditures. \n Who will pay for those expenditures and what it will \nmean for power rates\n in the area is still open to debate. \n "These facilities are what we call extremely dense \nloads," said Bob Royer,\n director of communications and public affairs at Seattle \nCity Light. \n "The entire University of Washington, from stadium \nlights at the football\n game to the Medical School, averages 31 megawatts per day. \nWe have data\n center projects in front of us that are asking for 30, 40 \nand 50 megawatts." \n With more than 1.5 million square feet, the Intergate \ncomplex in Tukwila is\n one of the biggest data centers. Sabey Corp. re-purchased \nthe 1.35 million\n square-foot Intergate East facility last September from \nBoeing Space &\n Defense. In less than 12 months, the developer has leased \n92 percent of the\n six-building complex to seven different co-location \ncompanies. \n "It is probably the largest data center park in the \ncountry," boasts Laurent\n Poole, chief operating officer at Sabey. Exodus, ICG \nCommunications,\n NetStream Communications, Pac West Telecomm and Zama \nNetworks all\n lease space in the office park. \n After building Exodus' first Tukwila facility in 1997, \nSabey has become an\n expert in the arena and now has facilities either under \nmanagement or\n development in Los Angeles, Spokane and Denver. Poole \nclaims his firm is\n one of the top four builders of Internet data centers in \nthe country. \n As more people access the Internet and conduct \nbandwidth-heavy tasks\n such as listening to online music, Poole said the need for \nco-location space in\n Seattle continues to escalate. \n But it is not just Seattle. The need for data center \nspace is growing at a\n rapid clip at many technology hubs throughout the country, \ncausing similar\n concerns among utilities in places such as Texas and \nCalifornia. \n Exodus, one of the largest providers of co-location \nspace, plans to nearly\n double the amount of space it has by the end of the year. \nWhile companies\n such as Amazon.com run their own server farms, many \nhigh-tech companies\n have decided to outsource the operations to companies such \nas Exodus that\n may be better prepared for dealing with Internet traffic \nmanagement. \n "We have 2 million square feet of space under \nconstruction and we plan to\n double our size in the next nine months , yet there is more \ndemand right now\n than data center space," said Steve Porter, an account \nexecutive at Exodus in\n Seattle. \n The booming market for co-location space has left some \nin the local utility\n industry perplexed. \n "It accelerates in a quantum way what you have to do \nto serve the growth,"\n said Seattle City Light's Royer. "The utility industry is \nalmost stunned by this, in\n a way." Name: 63, dtype: object)

(64, text Date: Wed, 6 Sep 2000 03:46:00 -0700 (PDT)\nFrom: phillip.allen@enron.com\nTo: ina.rangel@enron.com\nSubject: Re:\nBody: \nIna,\n Can you pull Tori K.'s and Martin Cuilla's resumes and past performance \nreviews from H.R.\n---------------------- Forwarded by Phillip K Allen/HOU/ECT on 09/06/2000 \n10:44 AM ---------------------------\nJohn J Lavorato@ENRON\n09/06/2000 05:39 AM\nTo: Phillip K Allen/HOU/ECT@ECT\ncc: \nSubject: Re: \nThe commercial support people that you and Hunter want to make commercial \nmanagers. Name: 64, dtype: object)

(65, text Date: Tue, 5 Sep 2000 23:22:00 -0700 (PDT)\nFrom: phillip.allen@enron.com\nTo: john.lavorato@enron.com\nSubject: Re:\nBody: \nresumes of whom? Name: 65, dtype: object)

(66, text Date: Tue, 5 Sep 2000 06:51:00 -0700 (PDT)\nFrom: phillip.allen@enron.com\nTo: ina.rangel@enron.com\nSubject: RE: Receipt of Team Selection Form - Executive Impact & Influence\nBody: \n Program\n---------------------- Forwarded by Phillip K Allen/HOU/ECT on 09/05/2000 \n01:50 PM ---------------------------\n"Christi Smith" <christi.smith@lrinet.com> on 09/05/2000 11:40:59 AM\nPlease respond to <christi.smith@lrinet.com>\nTo: <Phillip.K.Allen@enron.com>\ncc: "Debbie Nowak (E-mail)" <dnowak@enron.com> \nSubject: RE: Receipt of Team Selection Form - Executive Impact & Influence \nProgram\nWe have not received your completed Team Selection information. It is\nimperative that we receive your team's information (email, phone number,\noffice) asap. We cannot start your administration without this information,\nand your raters will have less time to provide feedback for you.\nThank you for your assistance.\nChristi\n-----Original Message-----\nFrom: Christi Smith [mailto:christi.smith@lrinet.com]\nSent: Thursday, August 31, 2000 10:33 AM\nTo: 'Phillip.K.Allen@enron.com'\nCc: Debbie Nowak (E-mail); Deborah Evans (E-mail)\nSubject: Receipt of Team Selection Form - Executive Impact & Influence\nProgram\nImportance: High\nHi Phillip. We appreciate your prompt attention and completing the Team\nSelection information.\nIdeally, we needed to receive your team of raters on the Team Selection form\nwe sent you. The information needed is then easily transferred into the\ndatabase directly from that Excel spreadsheet. If you do not have the\nability to complete that form, inserting what you listed below, we still\nrequire additional information.\nWe need each person's email address. Without the email address, we cannot\nemail them their internet link and ID to provide feedback for you, nor can\nwe send them an automatic reminder via email. It would also be good to have\neach person's phone number, in the event we need to reach them.\nSo, we do need to receive that complete TS Excel spreadsheet, or if you need\nto instead, provide the needed information via email.\nThank you for your assistance Phillip.\nChristi L. Smith\nProject Manager for Client Services\nKeilty, Goldsmith & Company\n858/450-2554\n-----Original Message-----\nFrom: Phillip K Allen [mailto:Phillip.K.Allen@enron.com]\nSent: Thursday, August 31, 2000 12:03 PM\nTo: debe@fsddatasvc.com\nSubject:\nJohn Lavorato-M\nMike Grigsby-D\nKeith Holst-D\nFrank Ermis-D\nSteve South-D\nJanie Tholt-D\nScott Neal-P\nHunter Shively-P\nTom Martin-P\nJohn Arnold-P Name: 66, dtype: object)

(67, text Date: Tue, 5 Sep 2000 06:30:00 -0700 (PDT)\nFrom: phillip.allen@enron.com\nTo: dexter@intelligencepress.com\nSubject: \nBody: \n---------------------- Forwarded by Phillip K Allen/HOU/ECT on 09/05/2000 \n01:29 PM ---------------------------\n \n\t\n\t\n\tFrom: Phillip K Allen 08/29/2000 02:20 PM\n\t\nTo: mark@intelligencepress.com\ncc: \nSubject: \nMark,\n Here is a spreadsheet detailing our September Socal trades. (I did not \ndistinguish between buys vs. sells.)\nPhillip Name: 67, dtype: object)

(68, text Date: Fri, 1 Sep 2000 06:08:00 -0700 (PDT)\nFrom: phillip.allen@enron.com\nTo: mike.grigsby@enron.com, frank.ermis@enron.com\nSubject: FYI\nBody: \n---------------------- Forwarded by Phillip K Allen/HOU/ECT on 09/01/2000 \n01:07 PM ---------------------------\n \n\tEnron North America Corp.\n\t\n\tFrom: Matt Motley 09/01/2000 08:53 AM\n\t\nTo: Phillip K Allen/HOU/ECT@ECT\ncc: \nSubject: FYI\n--\n - Ray Niles on Price Caps.pdf Name: 68, dtype: object)

(69, text Date: Thu, 31 Aug 2000 07:36:00 -0700 (PDT)\nFrom: phillip.allen@enron.com\nTo: rich@pira.com\nSubject: Re: Western Gas Market Report -- Draft\nBody: \nRichard,\n Compare your california production to the numbers in the 2000 California Gas \nReport. It shows 410. But again that might be just what the two utilities \nreceive. Name: 69, dtype: object)

(70, text Date: Thu, 31 Aug 2000 06:54:00 -0700 (PDT)\nFrom: phillip.allen@enron.com\nTo: cooper.richey@enron.com\nSubject: \nBody: \nCooper,\n \n Can you give access to the new west power site to Jay Reitmeyer. He is an \nanalyst in our group.\nPhillip Name: 70, dtype: object)

(71, text Date: Thu, 31 Aug 2000 06:14:00 -0700 (PDT)\nFrom: phillip.allen@enron.com\nTo: ina.rangel@enron.com\nSubject: Receipt of Team Selection Form - Executive Impact & Influence\nBody: \n Program\n---------------------- Forwarded by Phillip K Allen/HOU/ECT on 08/31/2000 \n01:13 PM ---------------------------\n"Christi Smith" <christi.smith@lrinet.com> on 08/31/2000 10:32:49 AM\nPlease respond to <christi.smith@lrinet.com>\nTo: <Phillip.K.Allen@enron.com>\ncc: "Debbie Nowak (E-mail)" <dnowak@enron.com>, "Deborah Evans (E-mail)" \n<debe@fsddatasvc.com> \nSubject: Receipt of Team Selection Form - Executive Impact & Influence Program\nHi Phillip. We appreciate your prompt attention and completing the Team\nSelection information.\nIdeally, we needed to receive your team of raters on the Team Selection form\nwe sent you. The information needed is then easily transferred into the\ndatabase directly from that Excel spreadsheet. If you do not have the\nability to complete that form, inserting what you listed below, we still\nrequire additional information.\nWe need each person's email address. Without the email address, we cannot\nemail them their internet link and ID to provide feedback for you, nor can\nwe send them an automatic reminder via email. It would also be good to have\neach person's phone number, in the event we need to reach them.\nSo, we do need to receive that complete TS Excel spreadsheet, or if you need\nto instead, provide the needed information via email.\nThank you for your assistance Phillip.\nChristi L. Smith\nProject Manager for Client Services\nKeilty, Goldsmith & Company\n858/450-2554\n-----Original Message-----\nFrom: Phillip K Allen [mailto:Phillip.K.Allen@enron.com]\nSent: Thursday, August 31, 2000 12:03 PM\nTo: debe@fsddatasvc.com\nSubject:\nJohn Lavorato-M\nMike Grigsby-D\nKeith Holst-D\nFrank Ermis-D\nSteve South-D\nJanie Tholt-D\nScott Neal-P\nHunter Shively-P\nTom Martin-P\nJohn Arnold-P Name: 71, dtype: object)

(72, text Date: Tue, 1 May 2001 17:14:00 -0700 (PDT)\nFrom: phillip.allen@enron.com\nTo: ina.rangel@enron.com\nSubject: 2- SURVEY/INFORMATION EMAIL\nBody: \n---------------------- Forwarded by Phillip K Allen/HOU/ECT on 05/01/2001 0=\n2:14 PM ---------------------------\nOutlook Migration Team@ENRON\n04/27/2001 01:00 PM\nTo:=09Allison Horton/NA/Enron@ENRON, Amir Baig/NA/Enron@ENRON, Brandon Bang=\nerter/NA/Enron@Enron, Brian Ellis/Corp/Enron@Enron, Charles Philpott/HR/Cor=\np/Enron@ENRON, Chris P Wood/NA/Enron@Enron, Chris Tull/HOU/ECT@ECT, Dale Sm=\nith/Corp/Enron@ENRON, Dave June/NA/Enron@ENRON, Donald Sutton/NA/Enron@Enro=\nn, Felicia Buenrostro/HR/Corp/Enron@ENRON, Johnna Morrison/Corp/Enron@ENRON=\n, Joe Dorn/Corp/Enron@ENRON, Kathryn Schultea/HR/Corp/Enron@ENRON, Leon McD=\nowell/NA/Enron@ENRON, Leticia Barrios/Corp/Enron@ENRON, Milton Brown/HR/Cor=\np/Enron@ENRON, Raj Perubhatla/Corp/Enron@Enron, Shekar Komatireddy/NA/Enron=\n@Enron, Andrea Yowman/Corp/Enron@ENRON, Angie O'Brian/HR/Corp/Enron@ENRON, =\nBonne Castellano/HR/Corp/Enron@ENRON, Gwynn Gorsuch/NA/Enron@ENRON, Jo Ann =\nMatson/Corp/Enron@ENRON, LaQuitta Washington/HR/Corp/Enron@ENRON, Rick John=\nson/HR/Corp/Enron@ENRON, Sandra Lighthill/HR/Corp/Enron@ENRON, Valeria A Ho=\npe/HOU/ECT@ECT, Charlotte Brown/HR/Corp/Enron@ENRON, Ronald Fain/HR/Corp/En=\nron@ENRON, Gary Fitch/HR/Corp/Enron@Enron, Anna Harris/HR/Corp/Enron@ENRON,=\n Keith Jones/HR/Corp/Enron@ENRON, Kristi Monson/NA/Enron@Enron, Bobbie McNi=\nel/HR/Corp/Enron@ENRON, John Stabler/HR/Corp/Enron@ENRON, Michelle Prince/N=\nA/Enron@Enron, James Gramke/NA/Enron@ENRON, Blair Hicks/NA/Enron@ENRON, Jen=\nnifer Johnson/Contractor/Enron Communications@Enron Communications, Jim Lit=\ntle/Enron@EnronXGate, Dale Lukert/NA/Enron@ENRON, Donald Martin/NA/Enron@EN=\nRON, Andrew Mattei/NA/Enron@ENRON, Darvin Mitchell/NA/Enron@ENRON, Mark Old=\nham/NA/Enron@ENRON, Wesley Pearson/NA/Enron@ENRON, Ramon Pizarro/ENRON_DEVE=\nLOPMENT@ENRON_DEVELOPMENT, Natalie Rau/NA/Enron@ENRON, William Redick/NA/En=\nron@ENRON, Mark A Richardson/NA/Enron@ENRON, Joseph Schnieders/NA/Enron@ENR=\nON, Gary Simmons/NA/Enron@Enron, Delaney Trimble/NA/Enron@ENRON, David Upto=\nn/NA/Enron@ENRON, Mike Boegler/HR/Corp/Enron@ENRON, Lyndel Click/HR/Corp/En=\nron@ENRON, Gabriel Franco/NA/Enron@Enron, Randy Gross/HR/Corp/Enron@Enron, =\nArthur Johnson/HR/Corp/Enron@Enron, Danny Jones/HR/Corp/Enron@ENRON, John O=\ngden/Houston/Eott@Eott, Edgar Ponce/NA/Enron@Enron, Tracy Pursifull/HR/Corp=\n/Enron@ENRON, Lance Stanley/HR/Corp/Enron@ENRON, Frank Ermis/HOU/ECT@ECT, J=\nane M Tholt/HOU/ECT@ECT, Jay Reitmeyer/HOU/ECT@ECT, Keith Holst/HOU/ECT@ect=\n, Matthew Lenhart/HOU/ECT@ECT, Mike Grigsby/HOU/ECT@ECT, Monique Sanchez/HO=\nU/ECT@ECT, Phillip K Allen/HOU/ECT@ECT, Randall L Gay/HOU/ECT@ECT, Tori Kuy=\nkendall/HOU/ECT@ECT, Brenda H Fletcher/HOU/ECT@ECT, Jeanne Wukasch/Corp/Enr=\non@ENRON, Mary Theresa Franklin/HOU/ECT@ECT, Mike Potter/NA/Enron@Enron, Na=\ntalie Baker/HOU/ECT@ECT, Suzanne Calcagno/NA/Enron@Enron, Alvin Thompson/Co=\nrp/Enron@Enron, Cynthia Franklin/Corp/Enron@ENRON, Jesse Villarreal/HOU/ECT=\n@ECT, Joan Collins/HOU/EES@EES, Joe A Casas/HOU/ECT@ECT, Kelly Loocke/ENRON=\n@enronXgate, Lia Halstead/NA/Enron@ENRON, Meredith Homco/HOU/ECT@ECT, Rober=\nt Allwein/HOU/ECT@ECT, Scott Loving/NA/Enron@ENRON, Shanna Boudreaux/ENRON@=\nenronXgate, Steve Gillespie/Corp/Enron@ENRON, Tamara Carter/NA/Enron@ENRON,=\n Tracy Wood/NA/Enron@ENRON, Gabriel Fuzat/Enron Communications@Enron Commun=\nications, Jack Netek/Enron Communications@Enron Communications, Lam Nguyen/=\nNA/Enron@Enron, Camille Gerard/Corp/Enron@ENRON, Craig Taylor/HOU/ECT@ECT, =\nJessica Hangach/NYC/MGUSA@MGUSA, Kathy Gagel/NYC/MGUSA@MGUSA, Lisa Goulart/=\nNYC/MGUSA@MGUSA, Ruth Balladares/NYC/MGUSA@MGUSA, Sid Strutt/NYC/MGUSA@MGUS=\nA\ncc:=09=20\nSubject:=092- SURVEY/INFORMATION EMAIL\nCurrent Notes User:=20\nTo ensure that you experience a successful migration from Notes to Outlook,=\n it is necessary to gather individual user information prior to your date o=\nf migration. Please take a few minutes to completely fill out the followin=\ng survey. When you finish, simply click on the 'Reply' button then hit 'Se=\nnd' Your survey will automatically be sent to the Outlook 2000 Migration M=\nailbox.\nThank you.\nOutlook 2000 Migration Team\n---------------------------------------------------------------------------=\n-----------------------------------------------------------------\nFull Name: =20\nLogin ID: =20\nExtension: =20\nOffice Location: =20\nWhat type of computer do you have? (Desktop, Laptop, Both) =20\nDo you have a PDA? If yes, what type do you have: (None, IPAQ, Palm Pilo=\nt, Jornada) =20\nDo you have permission to access anyone's Email/Calendar? =20\n If yes, who? =20\nDoes anyone have permission to access your Email/Calendar? =20\n If yes, who? =20\nAre you responsible for updating anyone else's address book? =20\n If yes, who? =20\nIs anyone else responsible for updating your address book? =20\n If yes, who? =20\nDo you have access to a shared calendar? =20\n If yes, which shared calendar? =20\nDo you have any Distribution Groups that Messaging maintains for you (for m=\nass mailings)? =20\n If yes, please list here: =20\nPlease list all Notes databases applications that you currently use: =20\nIn our efforts to plan the exact date/time of your migration, we also will =\nneed to know:\nWhat are your normal work hours? From: To: =20\nWill you be out of the office in the near future for vacation, leave, etc?\n If so, when? From (MM/DD/YY): To (MM/DD/YY): =20 Name: 72, dtype: object)

(73, text Date: Thu, 31 Aug 2000 05:02:00 -0700 (PDT)\nFrom: phillip.allen@enron.com\nTo: debe@fsddatasvc.com\nSubject: \nBody: \nJohn Lavorato-M\nMike Grigsby-D\nKeith Holst-D\nFrank Ermis-D\nSteve South-D\nJanie Tholt-D\nScott Neal-P\nHunter Shively-P\nTom Martin-P\nJohn Arnold-P Name: 73, dtype: object)

(74, text Date: Thu, 31 Aug 2000 03:17:00 -0700 (PDT)\nFrom: phillip.allen@enron.com\nTo: kolinge@enron.com\nSubject: \nBody: \n---------------------- Forwarded by Phillip K Allen/HOU/ECT on 08/31/2000 \n10:17 AM ---------------------------\n \n\t\n\t\n\tFrom: Phillip K Allen 08/29/2000 02:20 PM\n\t\nTo: mark@intelligencepress.com\ncc: \nSubject: \nMark,\n Here is a spreadsheet detailing our September Socal trades. (I did not \ndistinguish between buys vs. sells.)\nPhillip Name: 74, dtype: object)

(75, text Date: Wed, 30 Aug 2000 08:14:00 -0700 (PDT)\nFrom: phillip.allen@enron.com\nTo: muller@thedoghousemail.com\nSubject: Re: (No Subject)\nBody: \nGreg,\n Got your message. Good luck on the bike ride.\n What were you doing to your apartment? Are you setting up a studio?\n The kids are back in school. Otherwise just work is going on here.\nKeith Name: 75, dtype: object)

(76, text Date: Wed, 30 Aug 2000 06:20:00 -0700 (PDT)\nFrom: phillip.allen@enron.com\nTo: cindy.long@enron.com\nSubject: Re: Security Request: CLOG-4NNJEZ has been Denied.\nBody: \nWhy are his requests coming to me? Name: 76, dtype: object)

(77, text Date: Tue, 29 Aug 2000 09:20:00 -0700 (PDT)\nFrom: phillip.allen@enron.com\nTo: mark@intelligencepress.com\nSubject: \nBody: \nMark,\n Here is a spreadsheet detailing our September Socal trades. (I did not \ndistinguish between buys vs. sells.)\nPhillip Name: 77, dtype: object)

(78, text Date: Tue, 29 Aug 2000 05:38:00 -0700 (PDT)\nFrom: phillip.allen@enron.com\nTo: mark@intelligencepress.com\nSubject: \nBody: \nMark,\n Were you able to log in to enron online and find socal today?\n I will follow up with a list of our physical deals done yesterday and today.\nPhillip Name: 78, dtype: object)

(79, text Date: Mon, 28 Aug 2000 09:30:00 -0700 (PDT)\nFrom: phillip.allen@enron.com\nTo: bs_stone@yahoo.com\nSubject: \nBody: \nBrenda\n Can you send me your address in College Station.\nPhillip Name: 79, dtype: object)

(80, text Date: Mon, 28 Aug 2000 06:40:00 -0700 (PDT)\nFrom: phillip.allen@enron.com\nTo: matthew.lenhart@enron.com, mike.grigsby@enron.com, keith.holst@enron.com, \n\tfrank.ermis@enron.com, jay.reitmeyer@enron.com\nSubject: New Generation\nBody: \n---------------------- Forwarded by Phillip K Allen/HOU/ECT on 08/28/2000 \n01:39 PM ---------------------------\nKristian J Lande\n08/24/2000 03:56 PM\nTo: Christopher F Calger/PDX/ECT@ECT, Jake Thomas/HOU/ECT@ECT, Frank W \nVickers/HOU/ECT@ECT, Elliot Mainzer/PDX/ECT@ECT, Michael McDonald/SF/ECT@ECT, \nDavid Parquet/SF/ECT@ECT, Laird Dyer/SF/ECT@ECT, Jim Buerkle/PDX/ECT@ECT, Jim \nGilbert/PDX/ECT@ECT, Terry W Donovan/HOU/ECT@ECT, Jeff G \nSlaughter/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Ed Clark/PDX/ECT@ECT\ncc: Tim Belden/HOU/ECT@ECT, Robert Badeer/HOU/ECT@ECT, Matt \nMotley/PDX/ECT@ECT, Phillip K Allen/HOU/ECT@ECT \nSubject: New Generation\nSorry, \nReport as of August 24, 2000 Name: 80, dtype: object)

(81, text Date: Mon, 28 Aug 2000 06:12:00 -0700 (PDT)\nFrom: phillip.allen@enron.com\nTo: mark@intelligencepress.com\nSubject: \nBody: \nMark,\n The following is a guest password that will allow you temporary view only \naccess to EnronOnline. Please note, the user ID and password are CASE \nSENSITIVE.\nGuest User ID: GNA45925\nGuest Password: YJ53KU42\nLog in to www.enrononline.com and install shockwave using instructions \nbelow. I have set up a composite page with western basis and cash prices to \nhelp you filter through the products. The title of the composite page is \nMark's Page. If you have any problems logging in you can call me at \n(713)853-7041 or Kathy Moore, EnronOnline HelpDesk, 713/853-HELP (4357).\nThe Shockwave installer can be found within "About EnronOnline" on the home \npage. After opening "About EnronOnline", using right scroll bar, go to the \nbottom. Click on "download Shockwave" and follow the directions. After \nloading Shockwave, shut down and reopen browser (i.e. Microsoft Internet \nExplorer/Netscape).\nI hope you will find this site useful.\nSincerely,\nPhillip Allen Name: 81, dtype: object)

(82, text Date: Mon, 28 Aug 2000 06:07:00 -0700 (PDT)\nFrom: phillip.allen@enron.com\nTo: mark@intelligencepress.com\nSubject: \nBody: \nMark,\n Attached is a spreadsheet that lists the end of day midmarkets for socal \nbasis and socal/san juan spreads. I listed the days during bidweek that \nreflected financial trading for Socal Index and the actual gas daily prints \nbefore and after bidweek. \n \n The following observations can be made:\n July 1. The basis market anticipated a Socal/San Juan spread of .81 vs \nactual of .79\n 2. Perceived index was 4.95 vs actual of 4.91\n 3. Socal Gas Daily Swaps are trading at a significant premium.\n Aug. 1. The basis market anticipated a Socal/San Juan spread of 1.04 vs \nactual of .99\n 2. Perceived index was 4.54 vs actual of 4.49\n 3. Gas daily spreads were much wider before and after bidweek than the \nmonthly postings\n 4. Socal Gas Daily Swaps are trading at a significant premium.\n \n Enron Online will allow you to monitor the value of financial swaps against \nthe index, as well as, spreads to other locations. Please call with any \nquestions.\nPhillip\n Name: 82, dtype: object)

(83, text Date: Mon, 30 Apr 2001 19:04:00 -0700 (PDT)\nFrom: phillip.allen@enron.com\nTo: alan.comnes@enron.com\nSubject: Re: Request from Steve Kean\nBody: \nAlan, \nYou should have received updated numbers from Keith Holst. Call me if you did not receive them.\nPhillip Name: 83, dtype: object)

(84, text Date: Fri, 25 Aug 2000 06:32:00 -0700 (PDT)\nFrom: phillip.allen@enron.com\nTo: suzanne.nicholie@enron.com\nSubject: Re: Meeting to discuss 2001 direct expense plan?\nBody: \nSuzanne,\n Can you give me more details or email the plan prior to meeting? What do I \nneed to provide besides headcount?\n Otherwise any afternoon next week would be fine\nPhillip Name: 84, dtype: object)

(85, text Date: Fri, 25 Aug 2000 04:03:00 -0700 (PDT)\nFrom: phillip.allen@enron.com\nTo: colleen.sullivan@enron.com\nSubject: Re: regulatory filing summary\nBody: \nColleen,\n Please add Mike Grigsby to the distribution.\n On another note, do you have any idea how Patti is holding up?\nPhillip Name: 85, dtype: object)

(86, text Date: Fri, 25 Aug 2000 03:30:00 -0700 (PDT)\nFrom: phillip.allen@enron.com\nTo: brad.mcsherry@enron.com\nSubject: \nBody: \nCc: john.lavorato@enron.com, hunter.shively@enron.com\nBcc: john.lavorato@enron.com, hunter.shively@enron.com\nBrad,\n With regard to Tori Kuykendall, I would like to promote her to commercial \nmanager instead of converting her from a commercial support manager to an \nassociate. Her duties since the beginning of the year have been those of a \ncommercial manager. I have no doubt that she will compare favorably to \nothers in that category at year end. \n Martin Cuilla on the central desk is in a similiar situation as Tori. \nHunter would like Martin handled the same as Tori.\n Let me know if there are any issues.\nPhillip Name: 86, dtype: object)

(87, text Date: Fri, 25 Aug 2000 01:58:00 -0700 (PDT)\nFrom: phillip.allen@enron.com\nTo: bruce.ferrell@enron.com\nSubject: Re: Evaluation for new trading application\nBody: \nBruce,\nCan you stop by and set up my reuters.\nPhillip Name: 87, dtype: object)

(88, text Date: Fri, 25 Aug 2000 01:47:00 -0700 (PDT)\nFrom: phillip.allen@enron.com\nTo: stagecoachmama@hotmail.com\nSubject: \nBody: \nLucy,\n The rent roll spreadsheet is starting to look better. See if you can add \nthese modifications:\n 1. Use a formula in column E. Add the value in column C to column D. It \nshould read =c6+d6. Then copy this formula to the rows below.\n 2. Column H needs a formula. Subtract amount paid from amount owed. \n=e6-g6.\n 3. Column F is filled with the #### sign. this is because the column width \nis too narrow. Use you mouse to click on the line beside the \n letter F. Hold the left mouse button down and drag the column wider.\n 4. After we get the rent part fixed, lets bring the database columns up to \nthis sheet and place them to the right in columns J and beyond.\nPhillip Name: 88, dtype: object)

(89, text Date: Thu, 24 Aug 2000 02:48:00 -0700 (PDT)\nFrom: phillip.allen@enron.com\nTo: stagecoachmama@hotmail.com\nSubject: Re: receipts\nBody: \nLucy,\n I got your email with the attachment. Let's work together today to get this \ndone\nPhillip Name: 89, dtype: object)

(90, text Date: Wed, 23 Aug 2000 08:23:00 -0700 (PDT)\nFrom: phillip.allen@enron.com\nTo: ina.rangel@enron.com\nSubject: Re: ENA Fileplan Project - Needs your approval\nBody: \nyou have my approval Name: 90, dtype: object)

(91, text Date: Wed, 23 Aug 2000 07:09:00 -0700 (PDT)\nFrom: phillip.allen@enron.com\nTo: stagecoachmama@hotmail.com\nSubject: Re: checkbook and budget\nBody: \nLucy,\n We can discuss your email later. How is progress on creating the \nspreadsheets. You will probably need to close the file before you attach to \nan email. It is 2:00. I really want to make some progress on these two \nfiles.\nPhillip Name: 91, dtype: object)

(92, text Date: Wed, 23 Aug 2000 04:25:00 -0700 (PDT)\nFrom: phillip.allen@enron.com\nTo: stagecoachmama@hotmail.com\nSubject: \nBody: \nLucy,\nPlease open this excel file and input the rents and names due for this week. \nThen email the file back. Name: 92, dtype: object)

(93, text Date: Tue, 22 Aug 2000 08:22:00 -0700 (PDT)\nFrom: phillip.allen@enron.com\nTo: stagecoachmama@hotmail.com\nSubject: \nBody: \nOpen the "utility" spreadsheet and try to complete the analysis of whether it \nis better to be a small commercial or a medium commercial (LP-1).\nYou will need to get the usage for that meter for the last 12 months. If we \nhave one year of data, we can tell which will be cheaper. Use the rates \ndescribed in the spreadsheet. This is a great chance for you to practice \nexcel. Name: 93, dtype: object)

(94, text Date: Mon, 30 Apr 2001 14:22:00 -0700 (PDT)\nFrom: phillip.allen@enron.com\nTo: keith.holst@enron.com\nSubject: Request from Steve Kean\nBody: \n---------------------- Forwarded by Phillip K Allen/HOU/ECT on 04/30/2001 11:21 AM ---------------------------\nAlan Comnes\n04/27/2001 01:38 PM\nTo:\tPhillip K Allen/HOU/ECT@ECT\ncc:\tJoe Hartsoe/Corp/Enron@ENRON \nSubject:\tRequest from Steve Kean\nPhillip,\nI got this request. On the gas side, I think Kean/Lay need an update to a table you prepared for me a few months ago, which I've attached.. Can you oblige? Thanks,\nAlan Comnes\n \n---------------------- Forwarded by Alan Comnes/PDX/ECT on 04/27/2001 01:42 PM ---------------------------\nJanel Guerrero@ENRON\n04/27/2001 12:44 PM\nTo:\tAlan Comnes/PDX/ECT@ECT, Jeff Dasovich/NA/Enron@Enron\ncc:\tPaul Kaufman/PDX/ECT@ECT, Richard Shapiro/NA/Enron@Enron \nSubject:\tRequest from Steve Kean\nAlan,\nSteve has asked that you update the power point below so that it reflects all of the "stupid regulatory/legislative decisions" since the beginning of the year. Ken wants to have this updated chart in his briefing book for next week's "Ken Lay Tour" to CA. \nHe also wants a forward price curve for both gas and power in CA. Can we get these three documents by Monday afternoon? Name: 94, dtype: object)

(95, text Date: Mon, 21 Aug 2000 09:40:00 -0700 (PDT)\nFrom: phillip.allen@enron.com\nTo: mac.d.hargrove@rssmb.com\nSubject: \nBody: \nMac,\n Thanks for the research report on EOG. Here are my observations:\n Gas Sales 916,000/day x 365 days = 334,340,000/year\n \n Estimated Gas Prices $985,721,000/334,340,000= $2.95/mcf\n Actual gas prices are around $1.00/mcf higher and rising. \n Recalc of EPS with more accurate gas prices:\n (334,340,000 mct X $1/mcf)/116,897,000 shares outst = $2.86 additional EPS \nX 12 P/E multiple = $34 a share\n That is just a back of the envelope valuation based on gas prices. I think \ncrude price are undervalued by the tune of $10/share.\n Current price 37\n Nat. Gas 34\n Crude 10\n Total 81\n \n Can you take a look at these numbers and play devil's advocate? To me this \nlooks like the best stock to own Also can you send me a report on Calpine, \nTosco, and SLB?\nThank you,\n Phillip Name: 95, dtype: object)

(96, text Date: Sun, 20 Aug 2000 10:39:00 -0700 (PDT)\nFrom: phillip.allen@enron.com\nTo: pallen70@hotmail.com\nSubject: Daily Duties\nBody: \n---------------------- Forwarded by Phillip K Allen/HOU/ECT on 08/20/2000 \n05:39 PM ---------------------------\n"Lucy Gonzalez" <stagecoachmama@hotmail.com> on 08/15/2000 02:32:57 PM\nTo: pallen@enron.com\ncc: \nSubject: Daily Duties\n Phillip,\n We have been working on different apartments today and having to\nlisten to different, people about what Mary is saying should i be worried?\nants seem to be invading my apartment.You got my other fax's Wade is working\non the bulletin board that I need up so that I can let tenants know about\nwhat is going on.Gave #25 a notice about having to many people staying in\nthat apt and that problem has been resolved.Also I have a tenant in #29 that\nis complaining about #28 using fowl language.I sent #28 a lease violation we\nwill see how that goes\n call you tomorrow\n Thanx Lucy\n________________________________________________________________________\nGet Your Private, Free E-mail from MSN Hotmail at http://www.hotmail.com Name: 96, dtype: object)

(97, text Date: Sun, 20 Aug 2000 10:39:00 -0700 (PDT)\nFrom: phillip.allen@enron.com\nTo: pallen70@hotmail.com\nSubject: Daily Report\nBody: \n---------------------- Forwarded by Phillip K Allen/HOU/ECT on 08/20/2000 \n05:38 PM ---------------------------\n"Lucy Gonzalez" <stagecoachmama@hotmail.com> on 08/16/2000 02:44:36 PM\nTo: pallen@enron.com\ncc: \nSubject: Daily Report\n Phillip,\n The a/c I bought today for #17 cost $166.71 pd by ck#1429\n 8/16/00 at WAL-MART.Also on 8/15/00 Ralph's Appliance Centerck#1428\n frig & stove for apt #20-B IVOICE # 000119 AMT=308.56 (STOVE=150.00\n (frig=125.00)DEL CHRG=15.00\TAX=18.56 TOTAL=308.56.FAX MACHINE FOR\nFFICE CK # 1427=108.25 FROM sTEELMAN OFFICE PRODUC\nTS. Thanxs, Lucy\n________________________________________________________________________\nGet Your Private, Free E-mail from MSN Hotmail at http://www.hotmail.com Name: 97, dtype: object)

(98, text Date: Sun, 20 Aug 2000 10:38:00 -0700 (PDT)\nFrom: phillip.allen@enron.com\nTo: pallen70@hotmail.com\nSubject: Daily Report\nBody: \n---------------------- Forwarded by Phillip K Allen/HOU/ECT on 08/20/2000 \n05:38 PM ---------------------------\n"Lucy Gonzalez" <stagecoachmama@hotmail.com> on 08/17/2000 02:37:55 PM\nTo: pallen@enron.com\ncc: \nSubject: Daily Report\n Phillip,\n Today was one of those days because Wade had to go pay his fine and\nI had to go take him that takes alot of time out of my schedule.If you get a\nchance will you mention to him that he needs to, try to fix his van so tht\nhe can go get what ever he needs. Tomorrow gary is going to be here.I have\nto go but Iwill E-Mail you tomorrow\n Lucy\n________________________________________________________________________\nGet Your Private, Free E-mail from MSN Hotmail at http://www.hotmail.com Name: 98, dtype: object)

(99, text Date: Thu, 17 Aug 2000 08:53:00 -0700 (PDT)\nFrom: phillip.allen@enron.com\nTo: mac.d.hargrove@rssmb.com\nSubject: Re: enron close to 85\nBody: \nI checked into exercising options with Smith Barney, but Enron has some kind \nof exclusive with Paine Weber. I am starting to exercise now, but I am going \nto use the proceeds to buy another apartment complex. \n What do you think about selling JDSU and buying SDLI?\n Also can you look at EOG as a play on rising oil and gas prices.\nThanks,\nPhillip Name: 99, dtype: object)