The Bankruptcy Court has approved our sale of the IM Project to AEP. The C= ourt's formal order will be entered sometime Friday morning. With this app= roval, we expect to close the sale either Friday or Saturday. Approval was= conditioned upon our agreement to the following procedures with respect to= the net sale proceeds (approximately $108mm): =20 =09-=09$25mm will be returned to Enron (repayment of the post-petition work= ing capital loans made to EW);=20 =09-=09$10mm will be retained by EW for working capital to use over the nex= t 2 weeks;=20 =09-=09$78mm (the remaining balance) will be set aside in a restricted acco= unt of EW, pending approval by the creditor's committee of the use of those= funds for payment of existing obligations and for ongoing working capital = by EW. =20 We have until 15 January to obtain creditors' committee approval for the us= e of the remaining balance, at which time if no approval is obtained, we ca= n ask the BK Court to rule on the matter. Obtaining creditors' committee a= pproval will require that we (a) demonstrate that the continued operation o= f EW as a going concern is in the bankruptcy estate's best interest (becaus= e it will enhance or at least maintain the value of EW for sale) - this dem= onstration will need to be made by Enron (Mark) and CSFB (Matt), and will n= eed to include an overview of EW's value on sale, including arguments why t= here is significant value in the EW - Americas business unit notwithstandin= g the short-term issues facing the US business, and an update on the sale p= rocess; and (b) demonstrate the legitimacy of EW's current obligations and = future working capital needs - this will need to be done by Umanoff and Wes= tbeld (we initially projected that we would need approximately $54mm of the= $78mm through the end of Q1, a likely closing date for sale of EW; Mike an= d his team will be scrubbing these numbers over the next week). We are tar= geting early in the week of Jan 7 to make our case to the creditors' commit= tee, although no firm date has been set. One final note - a representative of GE attended the BK court hearing and i= s aware that our request to use the remaining balance to pay our past due o= bligations (including $9mm owing to GE) was denied pending implementation o= f the above procedure. We can expect continued pressure from GE. Call me with any questions.
Answer: Indian Mesa Sale - Bankruptcy Court Approval
Here is an email: The attached schedule shows both yesterday's forecast for Thursday, Jan 17 (as Day 1), as submitted, and a corresponding schedule for Friday, Jan 18 (as Day 2). The associated text files for Jan 18 will be be posted to Sparky. Today's schedules (for Saturday and Sunday) are still in progress and will be sent later today.
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A: EES CA SCHEDULE for 1/18/02
Q: Here is the information that was requested from our last meeting on Oct. 31, 2001. The last page of the report has the summary of the whole report. If you have questions, please respond. When is the next meeting? Thank you. Terry Kowalke
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A: Data Request for Tariff Filing (OBA's)
IN: This email is acknowledgement from the Power Pool of Alberta of the change in direct sales registration for contracts that are currently registered with the Power Pool between your organization and Enron Canada Power Corporation for trading after December 29 HE 1 2001. On January 4 the Power Pool received your acknowledgement of Enron's change in the source asset for the direct sales registrations for contracts 259, 260, 1950 to 1976 (total of 29 contracts) to modify the source from the Sundance 3 unit (SD3) to Enron's unmetered source asset (ECP-). The modified registration terms will be effective December 29 HE 1 2001 and will apply until the expiry date of the contract for net settlement purposes. In addition, as has been verbally communicated to you, the Power Pool was required to modify two of Encore/EPCOR's direct sales contracts with Enron Canada Power Corporation that were registered with the Power Pool in 2001 due to the sale of the Sundance 3 unit effective December 29 HE 1 2001. The details of these changes are provided below. *********************************** Original Contract Number: 148 Terminated: December 28 HE 24 Source: Enron Sundance 3 (Enron's metered asset) Sink: EA1U New Contract Number: 2050 Begin Date: December 29 HE 1 Expiry Date: December 31 HE 24 Source: Enron ECP- (Enron's unmetered asset) Sink: EA1U *********************************** Original Contract Number: 245 Terminated: December 28 HE 24 Source: Enron Sundance 3 (Enron's metered asset) Sink: ENC+ New Contract Number: 2051 Begin Date: December 29 HE 1 Expiry Date: December 31 HE 24 Source: Enron ECP- (Enron's unmetered asset) Sink: ENC+ *********************************** If you have any questions relating to this matter, please give me a call.

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OUT: Power Pool of Alberta
IN: This is an email
Per my conversation with Chris this morning, she wanted me to pass this information on regarding some of the things that we have found that have to do with our TBS/End User problem. We have some end user daily volumes that are more than the physical daily volume at their related TBS (which also may have to do with the problem that we have with 16 and 31 day charts not being read) - when that happens we end up overbilling the LDC. The ones that we are having a problem with are Wisconsin Power and Light and Wisconsin Gas. If you need any other details on this, please let me know or you can bring them up at our meeting on Monday. Thanks,

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OUT: Measurement TBS/End User Problems
We are 7 MW long all hours at Montana System, which is our buy from MPC, deal number 615780.1 The upstream is PSEI-DUKE-WWP-MPCO. We put in a false schedule to Smurfit to get flat preschedule, and that tag is 23795. When we get close to HE 0100 on Monday, that Tag needs to go away, and the energy needs to be sold. Please don't say it was a false preschedule, just say that it was 'unexpectedly ramped down' or something. Enpower accurately reflects the length at Montana System Cara
Answer:
We have length at Colstrip all hours on Monday, June 4