Q: The meeting Don and I had with Kinder/Morgan to discuss his Price Risk Management Product went really well. We met with Park Schaper (CFO), Anthony Lannie (President of Power Group) and Jay Hopper (VP and General Manager) was on the phone from Denver. They were very interested with regards to potentially replacing long term tolling agreements with this product. Enron could provide a five year toll and the product would begin in the sixth year through year 15 or 20. We talked very little about their existing projects; Little Rock and Michigan. They do have all the permits for the Little Rock site and are moving forward with the Michigan site and still do not have any tolling agreements in place for those projects. The ball is currently in their court and were going to get back with Scot with respects to the projects and with Tom on the PRM Product. Please let me know if you have any questions with this matter. Thanks! Ben
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A: Kinder/Morgan PRM Structure

Q: It appears that we have now opened up our first Japan based financial product on EnronOnline, and I need to get some direction from you as to what restrictions, if any, we have on (1) counterparties located/incorporated in Japan trading Japan based financial products, and (2) counterparties not located in Japan trading Japan based financial products. Previously, the only Japanese financial product we had was weather, but it wasn't being sold by a Japan based Enron company, so my understanding was that I didn't have any particular restrictions under Japanese law for counterparties located in or outside Japan in trading this product. Now that the product is being sold by a Japan based company I am wondering was restrictions I might have to keep in mind when doing my daily online approvals. The only are Japan based direction I am getting is from the Broadband legal team (Robbi Rossi) which have told me Japanese counterparties can only trade US bandwidth segments. P.S. we do have a Japanese counterparty on the 9/26/00 list.
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A: Financial Products in Japan

Q: Today's mail brought the following news: 1. Metropolitan Water District: MWD has terminated Deal Nos. 790056.01 and 807275.01, effective December 12, 2001. There are two other one-month deals, one beginning in February and one in March. I am confirming with MWD that they intend to terminate those as well, as is required under the WSPP agreement. 2. City of Vernon: City of Vernon has terminated all deals effective December 27, 2001. 3. WAPA is retaining monies due Enron for post-November 30 deliveries while WAPA "assess[es its] set-off rights under the Bankruptcy Code and other applicable law." 4. City of Luzenac has suspended deliveries until January 15, 2002. 5. City of Burbank has terminated all transactions immediately.
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A: West Power Counterparty Update: 12/31/01

Q: Dear Mr. Whitt, It is a pleasure to announce our ninth annual Aspen Clean Energy Roundtable. In keeping with our continual renewal of spirit and enthusiasm, we are holding this event in spring 2002. This will be our first ski-season Roundtable! ASPEN CLEAN ENERGY ROUNDTABLE IX The Aspen Meadows Resort, March 21-23, 2002 - THURS, March 21: Travel to Aspen; evening registration & reception - FRI, March 22: Roundtable sessions & discussions, gala dinner - SAT, March 23: Morning Roundtable sessions; optional afternoon discussion - SUN, March 24: Departures We are excited to meet in early spring in Colorado, and hope these dates work for you. A preliminary program will be posted on our website next week. The Aspen Clean Energy Roundtable was created in 1994 to discuss investment in clean and sustaining energy and transportation technology solutions. These include hybrid & electric automobiles, microturbines, fuel cells, hydrogen production & storage, batteries, and distributed energy systems. Energy security will again be a key component of this year?s discussion, which will include policy and investment implications for oil, gas, coal, nuclear, and renewable energy. Innovative technologies will again be highlighted. The Aspen Meadows will be an ideal venue for this year?s Roundtable (please note this event is not connected with the Aspen Institute). Participation is strictly limited to 100 senior executives. All sessions are "off the record" in order to facilitate an open dialogue. Spouses are welcome! There will be ample skiing opportunities before and after the Roundtable. I am also pleased to share that we will soon open our new office in Denver, Colorado. Our new phone and fax details will be provided shortly; in the meantime, please contact me via my email address. We hope you can join us in Aspen in March! Yours truly, Andrew Andrew W. Bermingham Managing Director aberm@montreuxenergy.com
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A:
Aspen Clean Energy Roundtable to be held MARCH 21-23, 2002