Subject: "HPL System Brown Bag".

Body: Please plan on attending a training session over lunch on Tuesday, Feb 15th. (Lunch will be provided.) I intend to discuss the operations of Houston Pipe Line; how gas is moved through the system, where our main supply and market areas are, locations of specific points, etc. We will be using a map of the pipeline as the basis for the discussion. So, come to the meeting with any questions you have on HPL, anything is fair game. Yvette is currently working on securing a room. I will let you know when that is finalized. Let me know if you have any questions. D

Subject: "PEP System".

Body: The PEP system will not be open on Nov. 9, 2001 for manager or employees as previously stated. Please let your staff know. I will keep you abreast of any further developments. Regards

Subject: "ENW EBS IT - Weekly Status Report (as of 10/26/01)".

Body: ENW EBS IT - Weekly Status Report (as of 10/26/01) Executive Summary : EnFiber: Real Estate Book requirements gathering and documentation is 100= % complete; obtained all approvals; development is 25% complete. User acce= ptance testing for Scheduling Phase 1 is 85% complete; the implementation d= ate has been changed to 10/26 per user's request. Waiting for final signof= f from Jim Terrell. Successfully implemented FACT Release 1.2 on 10/15. Co= mpleted development of IP and Local Loop options for Valuation and began QA= testing. =20 PPCS/TRPS:=20 TRP demo by Dorado is well accepted by Enron audience. The prototype is abl= e to fix the biggest problem in the current EBS bandwidth trading process -= - not able to show the actual hardware inventory of network elements in ord= er to make accurate port striping and cross connect. Through their auto har= dware discovery device driver, switch inventory will be presented clearly t= o the users in a nice graphical layout, so provisioners don't have to spend= huge amount of time to maintain various IT systems to gather the knowledge= of bandwidth capacity allocation. TRPS will gather information for both T= DM and IP. Settlements (Saber): Users are approximately 50% complete with User Accept= ance Testing. Users were successful in posting first invoices to SAP with = no errors. A demo of the GUI for the Flash to Actuals reconciliation proce= ss is scheduled for Monday, Oct. 29. Production Implementation will be mid=

Subject: "Give Up Agreement".

Body:
Jason: Please review (I have others for you to see). Also, Paul and I spoke with Cadwalader this morning. Please continue to check the international exchanges online to see if you can locate clearinhouse rules for each exchange. Perhaps you can also find information on the regulatory scheme for the jurisdictions. I suspect we will have to hire outside counsel in each country to answer our concerns. Let's talk. SS