This is the content of an email: Susan: Regarding Kate's e-mail, I have left a voice mail for Richard Sanders as to which office we should designate. If you need to send out the ISDA draft before I hear back from him and before Kate hears back from Canada, go ahead and leave the address blank and we can fill it in later. Carol

Subject: Process Agent Language

This is the content of an email: M Deal #333292 A&B was sent to the file room to be faxed to the counterparty. After being faxed we are to track as sent to counterparty. This deal is not in the Tagg system. I called and informed Ana Rizvi on this matter this morning. I checked Tagg again and this deal has not been entered at this time.

Subject: M Deals

This is the content of an email: Confidential - Attorney Client Privlege Please give me your thoughts on the attached proposal to resolve the "dangling chads" with AEP. I have attached the proposal and a "value analysis" of the proposal, both of which I propose to send to AEP. The key benefits of the proposal from Enron's perspective are the following: 1. Removes us from the vagueness and uncapped exposure of the Ducote deal with Entex for additional costs. AEP can capture the economics of future gas deliveres to Entex associated with this capital expenditure. 2. Captures the leverage that AEP will have in the Entex audit. I think for ENA to pursue Entex would be difficult/time consuming and may lead to a tortious interference suit from AEP. 3. Gives up the interest payment we think AEP owes us. This is true value we are giving up, but do we really want to fight with AEP in court over this (to the extent they are not bluffing)? 4. Removes us from having to process imbalances - saving manpower costs and further removing us from hassles with AEP. AEP is better able to capture value from these imbalances then we are, since they have the pipe. 5. Gets us out of the Coastline law suit. I'm pretty sure Coastline is at least owed the $1.4MM that we would contribute. AEP has a chance to minimize any further costs, which are capped by the value of the claim at a further $2.2MM. Please do not circulate this. Thanks,

Subject: CHAD - Attorney Client Privlege - Confidential

This is the content of an email: Jay, I looked over the info you forwarded but have decided to just buy two mutual funds. Unless you have a better suggestion, buy APGCX and MCGTX. And I really mean it when I say if you have a better suggestion let me know. It looks like the transfers worked properly. But are the automatic purchases of mutual funds in place? I don't see the activity on the web page. Lastly, and I think this is just administrative stuff, Kristi's Roth IRA does not show up on the web or on the statements we receive in the mail. Thanks. DG
Subject: Accounts