This is the content of an email: Stacy, The Reliant Energy changes which Ellen Dailey sent to you in August appeared in my chair this morning. I had discussed the Enovate/Reliant changes with Ellen yesterday and we resolved most of the language except for the items I noted as being Credit Dept calls, which Russell has yet to respond to. I agreed to make similar changes to the ENA/Reliant contract to that agreed upon in the Enovate/Reliant contract. In reviewing the materials that Ellen sent you as marked, it appears that we had resolved all of the items in the ENA/Reliant markup except for the credit driven items. Therefore, I will create a red-line and send back to Ellen next week, if Russell responds to my earlier emails and to this email. Call if this is not what you desire.

Subject: Reliant Energy

This is the content of an email: Just wanted to check in. I just talked with Tim, and he seemed to be holding up ok, in spite of it all. I hope that you guys are able to salvage something out of all this. Keep me posted. Not sure what's next for you, but I'd be happy to talk with you about career options whenever is convenient. I'll be in NY next week and the week after, and would be happy to catch up then. My mom's phone number is 631 549 9254. Talk to you soon! Jon

Subject: how's it going?

This is the content of an email: Concerning the status of Cinnabar, Mr. Shumway and I are currently discussing requested changes in the Guaranty involving letters of credit and damages. We cannot agree to their suggested change in language to the Guaranty. Therefore as some of their transactions are for 30-60 days and they are looking at on line trading, I purposed for the short term a GISB. He agreed, and I will be sending our draft of same to him for review (I will include you in my e-mail). The issue of the Master is still open and I await his final response. I will keep you informed of Cinnabar's status.

Subject: Cinnabar Energy Services & Trading, L.L.C.

This is the content of an email: See attached items (clean and redline), including a general flow chart. Tax: I am providing you a copy as a heads up in respect of consideration of Canada tax issues. Stephen, these issues were previously developed when we closed the PGE master. Can you provide to me a short memo describing the resolution of the issues (my recollection is that resolution resulted in a post agreement tax letter agreement to be devised by you and tax counsel at Blakes.) Accounting: Information purposes. Joel: Financing issues. Others: Please review and comment on what is hopefully close to a final draft. Thank you everyone.
Subject: Draft of Master Netting Agreement Form