Subject: "Summer trip".

Body: Hi, Jan! I don't know if you'll get this, but Maman said your email was back in business (my words, not hers!). I asked the kids about going ahead to Brazil with y'all. Michael will do whatever; Kali was a little hesitant. When do you think you'll be coming here and when do you think you'll leave. We'll need to coordinate the travel schedules. We're going to use OnePass miles for at least two tickets, so we'll need to finalize things in early April to get seats. Talk to you soon. Susan P.S.- Happy Birthday early! !

Subject: "Academy Networking Breakfast Meeting Tomorrow".

Body: Sorry for the late notice. Enclosed is an invitation to all West Point alumnae to join The Academy Network breakfast tomorrow morning at 7:00 a.m. at the Houston Metropolitan Raquet Club. This is an excellent opportunity to get acquainted with graduates from all academies who are interested in helping one another promote their businesses. I look forward to seeing many of you tomorrow morning! This is a reminder for the TAN G to G business breakfast, Friday September 21, 2001 at 7:00 AM at the Houstonian Metropolitan Racquet Club. RSVP <mailto:mortega@hdinc.com> via e-mail is appreciated. The agenda for the meeting is as follows: 0700-0730 Coffee Open 0730-0745 Walk through the Breakfast buffet Open Introductions-Acknowledgements-Requests Tom Solomon 0745-0800 Business Intro TBA 0800-0815 Business Intro TBA 0815-0825 Update on ABE Everyone 0825-0830 Wrap up-agenda next meeting Tom Solomon 0830 Adjournment Tom Solomon We need two more volunteers to present their businesses and requests to the group for the October Breakfast meeting. Please email Tom Solomon <mailto:tsolomon@tomsolomon.com> if you can be a presenter. First come first serve! Please pass along to any fellow academy graduate that would be interesting in attending. For clarifications, this breakfast is FREE for all first time nonmembers/visitors. A nominal charge of $10 for second time visitors and regular membership is to cover the cost of the breakfast and the meeting room. Metropolitan Racquet Club -- directions

Subject: "VAR".

Body: This memo follows up on our discussion this morning. With respect to the 15 million of increased VAR that the Board allocated to Rick Buy and Jeff Skilling I propose the following: 1. 5 Million be allocated to EES and therefore remove EES's positions from the Wholesale gas and power groups (This has already been done). 2. Move the control and decision making of 5 Million of VAR each to the trading heads of North America (Lavorato) and Europe (Sherriff). 3. With respect to North America I intend to create a group called the "Cross Commodity Trading Group" which will warehouse the 5 Million of VAR and use it as it sees fit (I will run this group and currently be the only employee). This will start out as an administrative structure to use if we need to throw more VAR at certain positions (I see the individual trading groups staying within their VAR limits). However, I do see the need for a true cross commodity group that would search for low risk / high probability trades accross the commodities that we trade. This structure may help to start us down this path. Please let me know what you think. John

Subject: "SITA".

Body:
Mark: I am about to finalize comments to the SITA Master ISDA Agreement on behalf of ECTRIC. I need your able assistance with respect to the following: (1) SITA has not passed a board resolution authorizing execution of the Agreement. Instead, SITA proposes a certificate stating that its President Directeur General or Directeur General have, pursuant to the Articles of Association, full power and authority to execute the Agreement or to grant a power of attorney to do so. (2) SITA has requested evidence of EEFT's authority to sign on behalf of ECTRIC. I have sent a copy of the power of attorney to the lawyer and will ask that she direct any questions to you if I am not reachable. SITA's attorney is Susan Hopkinson at Lovells in Paris. Her phone is 33153 674747 and fax is 33147 239612 and email is susan.hopkinson@lovells.com. I will be out of the office Dec. 7 & 8. Stephanie Panus if assisting with the file. I look forward to hearing from you. Regards. Sara