IN: Thought I'd mix it up a little and send you a completely unrelated document yesterday....what fun! Anyway, sorry for the mix-up - I was on autopilot. Here's the updated EES spreadsheet through Sunday, Feb. 18. Call with questions. Thanks,

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OUT: Daily EES Sales 2/16-2/18

IN: Vasant, I wanted to keep you up-to-date on the redevelopment of forward curves for the suite of 7 plastics (ethylene contract, ethylene spot, propylene contract, propylene spot, polypropylene, HDPE, LLDPE). As you may recall, we talked about fitting all of the components into a VAR model and solving the system of simultaneous equations. Unfortunately, with a limited dataset (say 5 years or so), our degrees of freedom in such a model are dramatically reduced. Alternatively, Mauricio and I have decided to construct individual models for each of the plastics commodities while utilizing results from the initial VAR analysis as a guide. Based on the petrochemicals flowsheet, both propylene and ethylene are fashioned directly from raw materials such as crude oil, coal, and natural gas. In turn, polypropylene may be made from propylene while HDPE and LLDPE use ethylene as a raw material. Given this logical flow, we restricted our model specifications in the following manner (all price variables tested for stationarity--first difference used in all cases):

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OUT: Plastics Models

IN: When: Thursday, December 20, 2001 2:00 PM-4:30 PM (GMT-06:00) Central Time (US & Canada). Where: Reliant Energy, Houston, TX (Library - Rm 4319) *~*~*~*~*~*~*~*~*~* Meeting re: Into Cinergy Strawman Proposal. The telephone numbers to dial in for this meeting are: Local: (713) 207-5103; Toll Free: (800) 344-8085 and the Access Code is 278800.

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OUT: Into Cinergy Strawman Proposal

IN: FYI, Today is my last day at Enron. You have all been fabulous to know and work with. I consider my life to be richer for knowing you all. Today is the dawning of a new life for me. I am very positive and feel that God will guide me into the Hope and Future He has for my life. I thank you all for your friendship and will always cherish the memories we have made together. I pray that you all have a bright outlook on your future and that you would be assured of the hope and future that awaits each of you. Each of you have made a great contribution to my life. I love you all. Thank you for everything, especially the opportunity to know and work with you. I will keep in touch. Feel free to contact me any time! My contact info is as follows; effective immediately I can be reached at:

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OUT:
Farewell