Q: Mr. Fierro - I am very sorry, but I inadvertantly deleted your e-mail before printing the attachment for Mr. Lay. Will you please send it again? Mr. Lay's e-mail address is kenneth.lay@enron.com Thanks.
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A: Attachments to e-mail letter of May 18, 2000

Q: I've simulated the Aggregate power portfolio's VAR with the BPA contract (approx. $51MM) as a stand alone (approx $3MM) and with the BPA position reversed out (approx $49MM). Only issue seems to be that the VAR related to the position per credit Agg does not "tie" with VAR related to position in Enpower - I'm attributed this to the peak/off peak simulation difference. Specifically, the credit agg file does not define what was peak or off peak, whereas file from Enpower did, resulting in more accurate measurement of risk. Bottom line is that BPA removal appears to be risk reducing. Frank
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A: BPA removal

Q: Here's the current redline, incorporating most of the comments made last week. Herman, the language to address your biggest issue is in 2.3, page 7 on the marked version. Thanks,
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A: Enron/VEPCO CEC

Q: Jana:: I am the manager of West Desk Logistics, and I would like to start having analysts rotate into my group. The gas trading desk director, Phillip Allen is also very high on this idea. Could you give me a call so we could discuss? I would like to get one of the new hires as quickly as possible. My extension is 31991. Thanks.
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A:
Analysts