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The information contained herein is based on sources that we believe to be reliable, but we do not represent that it is accurate or complete. Nothing contained herein should be considered as an offer to sell or a solicitation of an offer to buy any financial instruments discussed herein. Any opinions expressed herein are solely those of the author. As such, they may differ in material respects from those of, or expressed or published by on behalf of Carr Futures or its officers, directors, employees or affiliates. ? 2001 Carr Futures The charts are now in the most recent version of Adobe Acrobat 4.0 and they should print clearly from Adobe Acrobat Reader 3.0 or higher. Adobe Acrobat Reader 4.0 may be downloaded for FREE from www.adobe.com. (See attached file: AGAMAIL.pdf) - AGAMAIL.pdf

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OUT: AGA Report 12/19

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Good Afternoon Folks I am sure this will come up in a month or so. We bought 20 mw from Mirant at 4 Corners for 9/27 and 9/28. Mirant cut the schedule for 9/28 because they could not get transmission. We are accepting this cut. We re-supplied our downstream and no LD's are to be billed per Mark and Holden. I changed the volume to Zero in scheduling, and wrote a note there. Lemmie know if there is trouble with this. C

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OUT: MIRANT DEAL # 791874 for 9/28/01

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Susan: A few items to follow up with: (1) I understand that you are finalizing the Enron Corp. guaranty with Clement Abrams. Please let me know when all is agreed and I will arrange with Clem for an executed guaranty. (2) Stephanie Panus will fax to you the power of attorney for EEFT to act for ECTRIC. The acronyms will be obvious in the fax. (3) Euros are fine for Termination and Contractual Currency. (4) I am considering your proposed certificate in lieu of a board resolution and checking your tax rep. I will be out of the office Dec. 7 & 8. You can contact Stephanie Panus in my absence. Regards. Sara

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OUT:
SITA Master Agreement