Q: Enron announced today that its common stock will now be traded as an Over-the-Counter (OTC) equity security under the symbol "ENRNQ." This follows a decision by the New York Stock Exchange (NYSE) to file an application to delist Enron's common stock, which means that Enron's common stock and related securities are suspended from trading on the NYSE. Enron is considering whether to appeal the NYSE's decision. The NYSE has standard criteria for listing stocks, which can be found on their website at www.nyse.com. Enron recently fell below the following listing criteria: average closing price of a security less than $1.00 over a consecutive 30 trading-day period. Quotation service for Enron's stock will now be provided by the National Quotation Bureau, LLC "Pink Sheets." The NYSE's delisting of our stock will not have an impact on Enron's business, and we will continue to trade in the OTC market. Please let me know if you have any changes. Thank you.
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A: draft employee memo

Q: Congratulations on the first bandwith trades! I understand we have done two trades today with the following bandwidth counterparties: 1. Broadwing Communication Services Inc. - we have a Master Bandwidth Purchase and Sale Agreement executed April 27, 2000, effective as of March 28, 2000. It has just arrived in the bandwidth Legal Dept. and Marie Heard, the paralegal for bandwidth, will be getting the copy down to Global Contracts. 2. The other party appears to be El Paso Energy Communications, and we have no master in place with this counterparty, so an online confirm with the GTC should be used here. If you have any other questions let me know, and I'll try and help you or get someone who can!
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A: Online Bandwidth Trades

Q: Your REGION Geographical Boundary: Fuel Sources (Pipelines, Terminals, NG/FO2/FO6 storage, Rivers): ? Coal: (conversion factor, supply source) ? NG: (pipelines, basis to Henry Hub) ? FO2/FO6: (conversion factor, supply source, correlation to CL) Load Mix: ? Residential / Commercial ? Industrial Stack: ? Nuke (tot. mw and % of tot. stack, marginal load/cost) ? Coal (same as above) ? NG (same as above) ? FO2/FO6 (same as above) ? Hydro Historical Outage Cycles: ? Nuke, Coal, NG, FO2/FO6 Seasonal Interchange: ? Import (avg. daily mw and where) ? Export (same as above) Top 5 Largest Utilities/Operators: ? Service Territory (within this region) ? Stack ? Load Mix Top 5 Largest Merchant Generators: ? Plant Locations/types Attach historical load and MWDaily price sheet as last page for most actively traded hub in this region
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A: REGIONAL Studies.doc

Q: David, I have a problem with the RAC comments made on page #2 of the DASH. Specifically, the two paragraphs basically add no value and just confuse the reader (ie) what is your opinion? Is this a good sale or can significant recovery (on a risk adjusted basis) occur if we convert the sub debt and infuse more equity? Are we not receiving enough value from the CFPC given the possible recovery of this sector? The DASH is deficient in its view of Basic's prospects given current energy prices. Jeff/Dick/Ray, what are your opinions? Independent of the desire to move on - what is the right call - I do not want to give value away in any divestiture or restructuring. Regards
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A:
Basic