Subject: "QUESTIONS".

Body: Some questions in advance of the 42nd floor meeting on the 16th: Do you expect the current crisis in California will result in an "overbuilt" situation for the pipelines serving California, similar to 1993-94? It seems like everyone has an expansion proposal. Do you expect the situation in India to be resolved to our satisfaction? What is your projection for year-end stock price?

Subject: "100% SJ".

Body: Let's start thinking about transitioning SJ to 100% flow. I would like to discuss all of the issues and costs of presenting such a product to the market. Think about what we might need in the form of Northwest transport, storage, operations personnel, etc. I realize that this will be risky and that I may experience some financial downside with this endeavor, but I think we should press forward. Will we need intra-day traders to place the gas? Do we need to establish intra-day relationships with SJ producers, utilities, etc? Will the allocation on EL Paso in April alleviate some of the cuts? Let's discuss in detail. Mike

Subject: "Greenberg v. Belfer, et al".

Body: The lawfirm representing the plaintiff in this class action lawsuit is sending document requests to all officers and directors of several Enron related companies. You may be an officer or director of one of these companies. If you receive any document requests or other legal papers, please send the document(s) to Bob Williams at EB 861. Please call me at x35587 or Bob Williams at x52402 if you have any questions. Richard Sanders EWS Legal Department EB 3827 853-5587

Subject: "Ercot Balancing for Friday".

Body:
John, I made an adjustment in Enpower for Friday. When balancing the books, I noticed that we were 100mw's long into the pool for HE21 & HE22, but in the portal it only shows 50mw for each hour. (A 16hour block of 50mw was already in the portal.) So I adjusted HE21 & HE22 from 50mw to 0 mw, so that it matched the portal. Please notify me if my adjustment was incorrect. I made a note in the comment field for enpower #871228. Joe