QUESTION: John: Listed below are questions that the banks have asked us to address in the meeting scheduled for tomorrow morning at 10:00am in Room 20C2. JPMorgan Chase and Citi/SSB are doing due diligence for a short term liquidity facility. They have specifically asked for a better understanding of the T&M business. I suspect you have a canned presentation that you use. That will be fine. They are very focused on cash generation. Trading & marketing business: a) What effect of a global slowdown on the business both short-term and long-term? b) If capital is restricted to T&M companies in general, can ENE continue to grow volumes? c) What happens to ENE's earnings & cash flow if volume growth slows / declines - is there an annuity part of the business? (How much of future cash flow has been monetized through pre-paid transactions?) d) What happened to ENE in Europe during the quarter (volumes grew substantially and no earnings growth)? i) Is this a long-term phenomenon? ii) Can / will something similar happen in North America e) What is the status of global deregulation? i) Scaling back venture in Japan? ii) Reports that gas competition in Germany is facing difficulties iii) Laying off people in Europe f) What is current VaR - if not lower than at 12/00 & 6/01 - why not?
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ANS: Meeting 10/24 at 10:00am JPMorgan/Chase and Citi/SSB

QUESTION: On the list for 3/20/00, the only counterparty I am responding for is Carthage Energy. Eventually I will be making the Australian responses, but we are not there yet. On the 3/21/00 list, National Energy was amended, and I had no changes to my previous approvals. Western Resources is an amended counterparty and I am opening them up for all financial and power.
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ANS: Counterparty Approvals for 3/20/00 and 3/21/00

QUESTION: Hi Judy, How are you? I sent Ingrid an email and she told me that you are still at Enron. That's good. I tried to call you at work, but the girl that answered the phone said that you were on vacation today. How are the kids and Rob? I think about you all of the time. Ingrid told me that she told you that I got married. It isn't Tod, it is James Johnson that I dated in high school. We could have saved each other a lot of heart ache and just stayed together. He is really sweet. He has 3 boys, so now there are 4 boys in my house. I am real outnumbered! But, it's fun. Are you still working part-time or full-time? There is so much to talk about, we need to get together for lunch or something. Maybe we could meet somewhere one day, let me know. My phone numbers are Home: 281-807-3186 and work 713-215-4473. And now, you have my email address. Talk to you soon, Laurie
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ANS:
How are you?