Subject: "Re-Box & Media News Group".

Body: Attached is the Media News draft confirm. Paul will call about that one. Traders will book new deal and kill prior transaction with Affiliated Newspapers. (notice the merger and/or name change issues????)

Subject: "Supply Contract".

Body: I have been requested by Javier Chavarria to start direct conversations with Humberto to supply him for the needs of Progasco / Tropigas. In order to cover our costs and make the sale to Humberto, we need a landed cost around MB + 5 for 55,000 Mts per year delivered in partial cargoes sizes that can vary anywhere from 3,000 Mts to 15,000 Mts but cargoes over 8,000 Mts have to be carefully co-ordinated due to the fact that EcoEl?ctrica keeps an inventory in their tanks. Suzanne, I need to move aggressively to try and make this deal . Saludos

Subject: "Wind Farm".

Body: Roman, I talked to Richard and he would be very interested in talking with Dale Osburn. Can you send him the number? Hope all is well.... Bill

Subject: "Weather counterparties".

Body:
Per the request of Lucy Ortiz, I have reviewed the current list of weather counterparties we are trading with, and have targeted four counterparties that we have open for trading weather offline that I am now going to open for online trading. 1. El Paso Energy Marketing Marketing Company, name change as of 12/1/99 to El Paso Merchant Energy-Gas Company - previously approved for all products, except weather, now add approved for weather also. Non-ISDA Master Agreement in place. 2. Madison Gas and Electric Company - previously not approved for any financial products, now approving for all financial products. No Master Agreement in place. Credit, we need to pursue this financial master. 3. Swiss Re Financial Products Corp. - we previously did not approve this counterparty for any financial trading - now open for weather financial trading only. No Master Agreement currently in place; however, we are getting close on the negotiation of this ISDA Master. 4. Vitol N.A. - we previously had them approved for all products, but weather, open them up for weather, as well. Non-ISDA Master Agreement in place. Steve Douglas, counterparty is a Swiss corporation and have never sent us their tax forms.