The following e-mail is to confirm my understanding of the following verbal assurances provided to me as part of the intent and conditions for signing a contingent employment agreement/retention package related to the sale of the Enron gas and power trading business ("Enron trading business") to a new entity. If a new entity purchases the Enron trading business and the contingent employment agreement executed on January 5, 2002 becomes a valid and binding agreement, Enron's management will not initiate a lawsuit to recover the 2001 performance bonus payments. Enron and/or purchaser of the Enron trading business will seek approval from the bankruptcy judge of the 2001 performance bonus payments to eliminate any future uncertainty with respect to the validity of those payments. To the extent the total retention $'s available for the Enron trading business employees is increased above current levels (from the leading bidder as of January 5, 2002), the intent of Enron's senior management is to make an upward adjustment to the individual employees who have committed to the new entity such that the employee maintains a substantially similar percentage of the total "pool" of retention $'s.
Answer: Auction Employment Agreements with Condition Precedents
Here is an email: Bob: We are working on a "protocol" re electronic signatures. Is this something isda would want to be involved in? Maybe money could be made. Let me know. Mark
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A: E-Signature Protocol
Q: Corporate Charges Tracy Geaccone has suggested (and discussed with Terry West in Corporate Planning) that the pipelines be allowed access to the 2002 Plan once it has been loaded in SAP for the Corporate cost centers that bill us. The Plan would be recorded by GL account within each of the applicable cost centers. Corporate prepares a schedule that shows which cost centers bill us, the methodologies used and the amounts billed. It would be quite an undertaking because of the number of Corporate cost centers involved, but each of the pipelines would be able to derive a FERC breakdown using the Plan, plus the schedule from Corporate. The main issue would be manpower. Tracy mentioned the possibility of having one of the associate analysts perform this task, but said that the Plan would not be finalized and loaded until probably the end of November. Is this an acceptable solution? Do we need a meeting to discuss this further? I am still waiting for return phone calls from Enron Networks and Global Finance. There are just a few Global Finance cost centers that bill us. However, the method proposed above may also be a solution for Enron Networks billings. Enron Property and Services Corp. The mandate that these billings be recorded in individual cost centers rather than at a company level originated with Tracy Geaccone with a promise of cost savings to Stan. However, Tracy told me that rather than coding to a cost center, she has requested that the coding be to a FAR order. I told her that would mean multiple FAR orders. Her thinking is that each cost center already has a FAR order. I attempted to describe our use of custom variants. She said that she would work through Bob Chandler. If we intend to continue using the custom variants, it would mean creating a large number of new FAR orders. Again, is this an acceptable solution? Do we need a meeting to discuss this further?
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A: Intercompany Billings Follow-Up
IN: Mr. Kaminski, Greetings. I work for Aspen Technology Inc. www.aspentech.com We have not met, but a colleague of mine forwarded a copy of your presentation on Price Dynamics in the Energy Markets from the SIAM conference last April and am writing to you to encourage you to consider making a presentation at Aspen's corporate world conference Aspen World 2002 in October in Washington DC on this topic as well as the broader topic of Risk assessment and management in the energy markets. I know this seems a little strange making a "cold-call" in this manner, but I am reaching out in the community of Risk and Uncertainty management in the Supply Chain, Process and Energy markets to identify and solicit compelling speakers. AspenTech does not have a traditionally strong or well developed business or application layer in this realm, but, as our enterprise-wide reach and activities in planning, forecasting and supply chain have grown and integrated, I and the technology drivers in the company have been cultivating a demand and recognition for risk management and pricing activities to BE the next logical dimension to our growth and technology. Therefore, the session I am chairing (see the abstract below) will be one intended to educate, entice, and compel our clientele, business partners and staff on the business value, technology and mathematical and modeling technique. I would be happy to elaborate on the intended audience and opportunity for the conference. Please contact me at your earliest convenience by email or phone at the numbers below to discuss things if you think it would be a possibility or, if you would like more information on the context of the work and subject matter in AspenTech's core businesses. Thanks in advance for your time. Sincerely,

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OUT: Price Dynamics and Risk Management in the Energy Markets
IN: This is an email
Elizabeth and Leslie: I received a call from UtiliCorp's counsel yesterday and he was asking questions about how we would structure an option with respect to power. He was describing an financial option that could be settled physically and was wondering who the counterparty on our side would be. Would or can we do such an option and if so, would ENA or EPMI be the counterparty? Carol

What is the subject?

OUT: UtiliCorp
Joe, I have slotted you 90 minutes w/Greg on Wednesday @ 4:00 p.m. Greg is scheduled to participate in a Houston conference call @ 5:30 p.m. You guys are connecting again for dinner. Please let me know the time and location for dinner on Wednesday night. Also, Greg says his schedule is open enough that he would like to hang out on the floor w/you and your guys. He will be officing over by John Sherriff and the mobile number he's carrying is +44 7901516638. Many Thanks, Liz Taylor
Answer:
Meeting Confirmation