Problem: BODY: Joe, Thank you for being an important part of my business during this past year. I am looking forward to continue our business relationship in 2002 and beyond. We did strengthened our staffing practice in 2001 and had our best year ever, despite difficult market conditions. Everyone on my team enthusiastically invites you to stay in touch with us during this new exciting upcoming year. I hope you get the same opportunity I will have to spend some extra time with family this Holiday Season. Thanks again. Please open the link below for our greeting to you.
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A: SUBJECT: Enjoy the Holidays of 2001

Problem: BODY: Mary, I see that Phil Bair from JWorthan has responded to Phil DeMoes concerning the bond term. No comments were made concerning the legal opinion for the legal counsel for the bond provider. I was going to suggest that the contract language be modified to provide that the Company had a reasonable amount of time at the end of the lst 5 yr bond term to provide a substitute bond for the remaining term and that if the Company was able to get a replacement bond in place before the expiration of such period, no default would occur. Can you tell from the letter that Phil Bair is proposing if their are any other issues that either ENRON or the Bond Provider would have concerning the terms of the Bond and the Customer's methods of getting funding thereunder. ****************************************************************************** ****************************************************************************** ****************************************************************************** ********************************************** This was forwarded to me by Phil DeMoes. Dan, Take a look at this letter prepared by our surety provider on the PEAK pre-pay. In particular, note the last paragraph. I'm concerned on the unwind if there is a default. We plan to meet tomorrow with Joe Deffner and Breese tomorrow morning. Are you available?
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A: SUBJECT: PEAK 2001A RFP

Problem: BODY: Russell: Their attorney finally contacted me and we talked about the ESP rules. She is going to do further research in light of the fact that for regulatory purposes Utilicorp, the GP, cannot furnish a Guaranty. I alos mentioned to her that at the very least we would like to make Utilicorp a "Specified Entity" so that they would be part of the credit-related Events of Default in the ISDA Master. As a general rule, we recommend in circumstances where the counterparty is an LP and you are relying on the GP's credit, making the GP a "Specified Entity" so that for example their bankruptcy would trigger an Event of Default. Call me if you have any questions. carol
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A:
SUBJECT: EnergyOne Ventures