IN: With the departure of Greg Wolfe and Holli Krebs, it is necessary to reestablish responsibilities to assure our continued success. To this end: Chris Foster will assume responsibility for the Services Desk in addition to retaining overall responsibility for the Middle Market Coverage Group. Although he will continue to provide leadership to John, Paul and Stewart in managing the Middle Market Coverage effort, Chris will focus his day-to-day efforts on our Services business. John Malowney, Paul Choi and Stewart Rosman will be taking a greater leadership role within the Coverage Group. Within this coverage group, John Malowney will assume a leadership role for Industrials throughout the WSCC, Stewart Rosman will assume responsibility for public utilities, IOUs and public/federal utilities in the Northwest and Northern California and Paul Choi will cover these same sectors in the Southwest and Southern California. Although each of these individuals will take the lead in assuring coverage for their market segment, it will be done on a collaborative basis to take advantage of individual relationships and talents and to make sure there is back-up if someone is out of the office. Additional personnel will be hired in the Middle Market Coverage Group within the next month. Job postings will be made shortly. Bill Williams will continue to manage the Real Time Group and will now report to Tim Belden. Lisa Gang will move into the Services Group to help manage our scheduling agreement with El Paso and provide support for other services arrangements. This will be effective September 10. Lisa Gang, Les Rawson, and Stan Cocke will report to Chris Foster and endeavor to expand our already successful Services business. While we will miss Holli and Greg personally, I have complete confidence that the new energy and fresh ideas that their departure brings will assure our market leader position will not compromised.

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OUT: Organizational Announcement

IN: Randy: Frank Davis will be contacting you today to give you guest access so that you can view the website. This would be the best way for you to view the products that are traded. Carol

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OUT: Guest Access

IN: In this issue: - Feature: Model Portfolio Review, July 2001 - Gimme Shelter - Southern California Edison and PG&E challenge the Department of Water Resources on rate increases. - All the news, commentary, and earnings reports, plus price performance and valuation charts. <<prometheus010810.pdf>> Best regards,

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OUT: The Prometheus File - Energy Technology Weekly 08/10/01

IN: Mr Lay - If you really think that this sale creates a "great opportunity" for shareholders then you are more out of touch with reality than I previously thought (unless you were referring to Dynegy shareholders). Under your "leadership" the shareholders have been devastated, employees have lost their retirements, college funds have been desiminated and reputations have been ruined, including your own. While I applaud your forgoing of the $60 million dollar payment I suspect having taken it would have only added to outrage and probably weakend your position in forthcoming lawsuits and don't feel that it was as self efacing as you have lead us to believe . Under your direction Enron has promoted bafoons, charletons and incompetents to the highest management ranks. You personally did everything imaginable to lose the confidence of the investment community, in my opinion. This has got to be the financial disaster of the decade, all under your direction. You said Jeff Skilling left for "personal reasons" and there were not hidden financial problems. You told us you were becoming more transparent in financial disclosures and then tried to slip a $1.2 Billion dollar equity reduction by us. The list goes on and on. Why should we believe you now. One more thing Mr. Lay. I suggest take the listing of "executive awards" off the internet site. I suspect new "awards" will be coming out soon. And please don't waste your time sending me self serving "feel good" memos anymore. I finally caught on to you.

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OUT:
Enron Announces Plans to Merge with Dynegy