IN: Peter: Weyerhaeuser Company Limited, a company located in Ontario, wants to change the standard securities rep that we have in our current ISDA Schedule to the following: "It is a Qualified Party within the meaning of the Ontario Securities Commission, Rule 91-505 Over-the-Counter Derivatives." Our current rep is attached. Is this something that we can agree to? Carol

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OUT: ISDA Securities Rep

IN: Dear Mr. Lay, It would be difficult for me to describe the excitement I experienced when I first knew that I was soon to be an Enron employee over a year ago. I came into Enron in EES August 2000 as an Account Manager in the Costa Mesa office. I asked for the most challenging assignment available and was given the opportunity to manage the relationship and contract execution between EES and the majority of our marquis national customers (Owens-Corning, Suiza, Quebecor, General Cable, Packaged Ice etc). I really loved that assignment and (according to the PRC) was excellent at what I did. I (like many others at Enron) left a very lucrative job to join EES and I have turned away several opportunities since joining the company. I had envisioned being a part of something as exciting and innovative as Enron as more rewarding than following more lucrative job offers. Now, I find myself in a position that I would have never dreamed of: * I'm uncertain about my job security * Like so many others, I've lost significant personal wealth * I'm not proud or excited to tell others that I work for Enron * I fight with my instinct to leave hoping that I can be a part of something good coming from all of this. I don't understand how this could have happened. So many decent, hard working, loyal, honest people are being devastated by the results of questionable management, a lack of leadership and the appearance of abject greed among Enron Sr. executives. This is a truly sad state of affairs that will be the subject of so many "B" school projects most of which will focus on our mistakes. So, what can a guy so far down the food chain do these days to help right the ship? I am here, I do not want to abandon ship and I am ready willing and able to make a difference. Mr. Lay, there are some brilliant employees buried below layers of management that have proven little more than incompetence. Consider finding time to visit the troops in the field and solicit input. I believe you can find more hope for resurrection out here than behind the filters that exist between you and your real employees. My prayers are with you,

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OUT: An Enron Employee's Perspective

IN: Your opportunity to register for the invitation-only Neptune Regional Transmission System Open Season Pre-Bid Conferences is running out. NeptuneRTS, the FERC-approved subsea HVDC electric transmission system that will interconnect Nova Scotia, New Brunswick, Maine and New Jersey to downtown Boston, New York City, Long Island, and the Connecticut shore will begin its initial sale of Transmission Scheduling Rights on September 10. In advance of that opportunity, NeptuneRTS and its advisors from Skadden Arps, Societe Generale, and Energy Security Analysis will hold pre-bid conferences as follows: September 5 Houston, Texas September 6 Halifax, Nova Scotia September 7 New York City If you are one of the many participants who have already registered, you can expect your confirmation card in the mail this week. If you have not yet registered, please do so with Paul Rich at (207) 487-4183 or by email at prich@neptunerts.com <mailto:prich@neptunerts.com> A conference agenda is attached. If you have not received a copy of the Neptune Bidders Brochure, you may also request one by e-mail. We look forward to seeing you next week! - Open Season Pre-bid Agenda 28Aug01.doc

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OUT: NeptuneRTS Open Season

IN: Okay gang, it's time to rally the troops. Evidently last week wasn't good for any of us to get together at our local watering hole (a.k.a Little Woodrow's)...but, I'm hoping the story is a little different this week. Our own Nick Stephan is back in H-town for the week and has made a special request for a full-fledged "Steak Night" (that means good attendance). Not that I ever need an excuse to enjoy good company, steak, beer, etc. at LW's, but if I did I could think of few better reasons than a visiting ex-pat. Besides, given the absolutely beautiful weather we are currently enjoying, the picnic tables and deck are beckoning. I'm going to set a tentative meeting time of 7:30 p.m. this Wednesday...get back to me at your convenience and let me know if we should stick with that time or not. Hope everyone had a relaxing weekend and is having a good Monday (isn't that an oxymoron?). Susan "When I read about the evils of drinking, I gave up reading." - Henny Youngman

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OUT:
Advance Warning...