Subject: "quotes".

Body: I know that the basis, index and fx quotes have to be refreshed like any other deal before we execute a transaction, but what about the transport demand charges? It seems like we should be done on those. True or false? Todd

Subject: "New! Lower Fares, Every Day".

Body: America West Lowers Fares for Travel Every Day America West has= responded to your request for lower, more flexible fares. Effective today= , America West is the one full-service airline that offers lower fares, goo= d for travel every day of the week. Additionally, you can purchase tickets= at lower fares without the traditional advance purchase and Saturday-night= stay requirements. This combination of lower fares and added flexibility = makes America West the right choice for all your air travel needs. W= hat does this mean to you? It's simple - lower, less restrictive fares, reg= ardless of when you make your reservation or travel. Below is an example = of how our new fares will save you money. Boston to Los Angeles PRE= VIOUS FARES Advance Purchase Minimum Stay Roundtrip Fare None None $2,564 7= days None $2,564 14 days Sat Night $991 NEW EVERY DAY FARES & SAVIN= GS Advance Purchase Minimum Stay Roundtrip Fare Savings None None $792 69% = 7 days None $692 73% 14 days 1 night $432 56% This is just one exampl= e. America West has new lower fares nationwide. Check online or call Ameri= ca West Reservations at 800-2FLY-AWA for our fares to your favorite destina= tion. You have received this message because you subscribed to the Surf= 'n Go messaging service at americawest.com. To unsubscribe to this servi= ce use the email address shown below. This email was sent to: sscott5@enro= n.com =09

Subject: "Cleburne Plant".

Body: Well, folks, the Cleburne deal has started. The deal has not been finalized through legal. However, we were able to "get between" a few deals and make some money before we finalized it. The Cleburne plant was down 7/31-8/7 and 8/31. On these dates, we bought gas from Tenaska IV Texas Partners and sold to ANP and Tenaska Marketing. Because things were not set up, I could not enter the deals until now. Please review the following deals and settle with the customers. Buy from Tenaska IV July 399763 Aug 399773 Sell to Tenaska Marketing July 399791 Aug 399797 Sell to ANP Aug 399814 The trading desk these are on is "ENA-IM Cleburne". Kris - I have forwarded invoices from Tenaska IV to you via intercompany mail. (I received both invoices this week) I am sure there are questions, just give me a call. Tanks. D

Subject: "Partial variance to AAC R14-2-1606(b)".

Body:
Leslie, I have just completed reviewing the APS filing. This paper explains much of the observed behavior of APS during the DSTAR (WestConnect) proceedings over the last several months. The paper is so full of market "scare" tactics it seems appropriate to be reading it during the Halloween season. The token effort of procuring 270MWs starting 2003 and ramping up to 1670 MWs in 2008 is ridiculous. The statements that APS generation is somehow more secure and reliable than any generation not owned by APS, using the same grid, and that non-APS generators have little if any responsibility to the "Full-Requirements" customers are all beyond belief. The mis-characterization of the problems experienced in CA, OR and WA and the contemptuous citing of "experts" seems typical of the APS distain for deregulation. The entire filing is more like a guaranteed plan to recover the "Billion" dollars invested by APS, with convenient adjustment clauses every three years. As you noted earlier today, the Commissioner of the ACC may be more concerned over the APS stock price than truly encouraging open markets and retail access and what better why to help the stock price than to award APS a 14 year contract...look at what the Defense Department did for Lockheed!!! I spoke with Chris Lackey who met earlier this month with Pinnacle West's (APS subsidiary) head of Trading who told him that PinWest is very conservative (as stated in the filing), their primary function is to support APS and they saw no real opportunities to conduct business with Enron. However that could change if their petition is denied. Please let me know how you'd like to proceed. If this is approved by the ACC I assume it must then go to FERC, do we have an opportunity to intervene with the ACC and/or FERC in regards to this filing? If we do, I'll be happy to help you with composition of the documents. Kind Regards,