Here is an email: I left you a voicemail yesterday about getting a master in place with Anadarko located here in Houston so they can trade Brent Crude and IPE lookalikes on EnronOnline under a master instead of a GTC. We have an ISDA in place with Anadarko, but since ECTRIC is the counterparty online for those products, the trades wouldn't go under the ENA master. The trader is pestering me about this. What I would like to do is handle getting this ISDA in place with ECTRIC here in Houston, if that's OK with you, just mirroring the US master (except getting a Multicurrency in place since we have a Local Currency in place with ENA). Is that OK with you?
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A: Anadarko
Q: This is a problem I've been working on with IT. They released a new version of deal entry, and for some reason certain EOL trades are automatically populating all of the new fields, including Schedule Type. I've got Dave Poston working on this, and I'll let you know when we've fixed it so you can save your part. Thanks,
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A: 549646
IN: Recently, EnronOnline has changed direction in regards to 3rd party access to EnronOnline and our technology. We want to make sure that we are working closely with each of your desks to ensure that both of our interests are aligned. Please be informed of two initiatives that we are working on. Creating private label e-market places for other companies - We are utilizing the technology that we've created for EnronOnline to create similar platforms for other companies (real time trading to inventory management). 3rd Party price posting on EnronOnline

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OUT: EnronOnline's New Initiatives
IN: This is an email
You had a question about the meaning of Section 4.3. Here's a brief explanation. Section 4.2 covers indemnification in case one party gets sued by a third party for damage caused by negligence of the other party. I'm OK with eliminating "stockholders" and the "...judgments of any nature..." clause you two spoke about on the phone as long as they come out of both subparagraphs a. and b. Section 4.3 needs to stay in because it covers any potential action by EPFS against TW for damage to EPFS's facilities during the term of the agreement. TW is already obligated elsewhere in the agreement to construct and operate the facilities in accordance with industry practice, tariff and DOT standards. Our policy in interconnect agreements is that if TW complies with these standards we should not then somehow be liable for damage to EPFS in case of explosion, etc. In other words, both parties bear the risk attached to something unforeseeable going wrong notwithstanding use of industry and DOT standards. (By the way, I believe the "notwithstanding anything in this Article 4 to the contrary" language should come out; I'm not sure why it's in the draft.) Any questions -- please e-mail or call (713-853-0596).

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OUT: TW/EPFS interconnect agreement
QUESTION: Gerald: Attached is my draft "Purchase and Sale Agreement" based on the form used in Texas. The following are the major revisions which I made: 1. I put the property description in the body of the agreement. It is short enough and I find this prevents problems which occasionally come up when using Exhibits. I also added a blank for the municipal address of the improvements. This is required by Louisiana law, IF the property has an address. 2. In paragraph "1" and in the Act of Cash Sale, I added a reservation of mineral rights. If you are not concerned about this it can be taken out. 3. In paragraph "3" I added language specifically waiving buyer's claims under the Louisiana laws of Redibition which are specific legal warranties. 4. I changed paragraph "5" to limit buyer's indemnity to matters arising after the closing date. 5. In paragraph "7" I added a provision to allow the arbitrator to order specific performance. I also added provisions allowing the parties to enforce the arbitrator's orders in court, and allowing the parties resort to the courts for injunctive relief, if necessary. 6. I added a provision for awarding attorney's fees in paragraph "13". 7. I added paragraphs "12", "14", & "15" which are helpful boilerplate. 8. I added Paragraph "16" to provide a drop dead date. The length of time is purely arbitrary. Please call or e-mail me with any questions. Would you like me to handle the closing also? Keith - PURCHSALAGR
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ANS: Sale of Assumption parish property Our File ENR-02
IN: As we discussed last week, we are in the process of scheduling lunch seminars with credit, confirms/settlements and global contracts for the following dates: May 5th, 12th and 24th. Please let Sara and I know ASAP if you plan to be out onh any of these dates as we feel that it is very important that you attend. Tana: Have you talked to the Global Contracts Group about the 24th? Carol

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OUT:
Upcoming Seminars