This is the content of an email: John: I was reviewing an amendment that Susan bailey was working on concerning the ISDA Master between ECC and Petro Canada and wanted to make sure that you were comfortable leaving as is the following provisions that are in the Schedules: 1. They have amended the definition of Specified Indebtedness. I'm not sure I understand why if we have a threshold amount they need the first part of the language and wanted your thoughts on this. Alos, does the second part of the language need to be updated or revised in any manner? 2. They have deleted the concept of Credit event Upon Merger. 3. They have added to Specified Transaction a Physical Master Agreement which makes this part of the cross default to specified transaction Event of Default trigger. Should we specify a threshold? 4. They have added an additional termination event that contains some unusual ratings triggers. For example, are we rated by the 2 bond rating services that they describe, and if not, doesn't that trigger clause (2) of this additional Termination Event? I don;'t think the cure language works and I don't understand how it works with the collateral threshold since the trigger for that to go to zero is something else. 5. I'll just note that setoff rights do not currently apply if there is a Termination Event that is caused by Tax Event or Tax Event Upon Merger. 6. In the CSA, we have permitted cash and government securities which I think is problematic given our general rule in Canada that we only take LC's. 7. There is a Minimum Transfer Amount of $500,000. Please call me when convenient to discuss further. Carol

Subject: Petro Canada

This is the content of an email: Tom, See the email below for the ID and password. Call me on Monday to discuss the download process, if you should have any questions. You will log into www.enrononline.com and I think you will need to download shockwave media (the site should walk you through this process). Once you have typed in the ID and password, you will then have the option of setting up a personalized quote page. Also, call me about where to see our posted daily indices each day on the website. Enron releases the weighted average of all gas traded at each physical point every day. Thanks,

Subject: Gas Daily Request

This is the content of an email: Mary Beth: Thanks very much for passing these along to Laura Tyson. There are two documents. One is a word file with a suggested list of business leaders that we might bring into the discussions. Please let the Dean know that it's a first cut and that all comments, suggestions, edits, etc. to the document are welcome and appreciated. The second is a pdf file from Credit Suisse First Boston giving CSFB's analysis of what's going on in California. I think it provides further proof that California is still looking for, and ought to be very receptive to, a proposal like the one that we're working on. Could you let me know that you've received this? Thanks again.

Subject: Materials for Laura Tyson

This is the content of an email: Theresa Smith forwarded your comments to the NDA to me. I ran them by Mark Taylor, an attorney in our Legal Dept., and am attaching a clean and blacklined draft reflecting the changes we were able to make. If your lawyer needs to talk to Mark directly his phone no. is (713) 853-7459. I am a paralegal in his group and if you would like to get in touch with me my phone no. is (713) 853-3399. We look forward to hearing from you.
Subject: Aether Systems-Revised NDA