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The Enron Oral History Project Continues... "Using History to Help Enron Become the World's Leading Company" How can an understanding of strategic choices, regulatory change and corporate culture help Enron achieve its vision? Speaker: Joseph Pratt, Cullen Professor of History and Business, University of Houston and Co-Director, Enron Oral History Project Thursday, June 7 11:30 a.m. to 12:30 p.m. EB 5C2 To Make a Reservation, Call 3-1941 and Select Option 1 Lunch will not be provided, but you are welcome to bring your own. Please inform us ahead of time if you need special accommodations to participate in this meeting. Call 3-9390.

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OUT: The Enron Oral History Project Continues

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Enclosed is a worksheet for Kerr-McGee Energy Services Corporation. This worksheet reflects terms to be amended to the current ISDA with the customer. The credit terms for Enron will remain exactly the same. Please forward our drafted amendment to M.E. Booker at Kerr-McGee with a copy to me. Thanks,

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OUT: Kerr-McGee Energy Services Corporation

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Jason: I thought that your drfat letter of intent looked fine. Just a few commments. In section 6 - Conditions, could you put something in there similar to the "Approvals" section in the November 10th letter since possibly HSR and FERC approval may be needed? Alos, in Attachment A, in Section 3 could you sya something to the effect that if tthere is no master in place with Enron and a particular counterparty then Enron needs to be satisfied with the terms of the master that is in place between Mrechant and such counterparty. I thought that the Assignment Agreement was very weak and that we need something more than that. Withg respect to the consent, the concept of the assigned transaction be goverened by our Master needs to be in there. Enclosed is the template that we have used in the Columbia deal. Call me if you have any questions. The only time that I won't be reachable today is from 11:30-2. Carol

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OUT:
Letter of Intent