Subject: "Tom Padron Wedding".

Body: Dear Larry, I'm Tom's fiance. I know we didn't meet yet, but I need to ask you and Nancy a small favor. I'm preparing a small book which I will give a copy to each person. Tom doesn't know anything about that. One part will be for Family and Friends. So, what I need is some words that you want say to Tom or to the both of us on this special day. If it is possivle for next weekend I will appreciate it. Just send it by e-mail. Thanks and best regards,

Subject: "Hi Greg!".

Body: We are getting very excited about the BVI. It's hard to believe it's only 5 weeks away. I try to think about it whenever the stock market gets me depressed (which is happening with altogether too much frequency these days). I see you guys got hit with a triple whammy today. Oh well, can you say "buying opportunity"? I'm coming to NYC for a conference in a couple of weeks - any chance you guys are free for dinner on Sunday the 31st? We also need to talk about $ sometime soon since I made the final payment on the boat a couple of weeks ago. Have you made your hotel arrangements (we still have a room reserved for you for the night of the 20th which you won't need if you've made other arrangements - and we can always get you a room there for the last night if you want)? And there's still the beverage list (you did get my fax, didn't you?). T. sends regards. Hope you're well and not letting the market roller-coaster get you down (my mantra is "think long term, think long term, think long term"). Mark

Subject: "EPE Dispatch".

Body: Here is what we have concluded based on discussions this morning: 1) We believe that Furnas has agreed to contract and pay for 300 MW on oil to meet regulatory requirements concerning required capacity and reserve margin. We do not believe that they intend for us to be dispatrched above 220 MW. (Do we have any document which could substantiate this?) 2) Although dispatch on a merit order basis would suggest that EPE runs full time (with 300 MW available), there are practical constraints in the transmission system which will prohibit this from actually occuring. [ Please describe these constraints using some official sounding jargon but minimal detail and in particular indicate what is involved to de-bottleneck and how long this will take. I presume that Furnas is solely responsible for the corrective measures.] 3) Based on our analysis, the optimal operating approach would be to generate 220MW with one turbine and 91 MW with the other for a total of 311 if dipatched above 220 MW. If we can prove that 1) & 2) are correct or convince the lenders that they are, then I think we can suggest that fuel oil exposure is negligibe if gas is ready by April 01. We will have to see how it looks when we add the Sue Garvin flex months. Therefore, a merit order analysis is only necessary if i) our supposition about Furnas' motivations are incorrect and/or ii) the transmission problem is cleared. If this happens it would be nice to be able to predict reduced fuel utilization due to a) reduced dispatch during daily off-peak hours or seasonal impacts, b) due to scheduled outages, and c) due to managing our availabilty in such a way as to reduce fuel consumption operating losses. Any data you can provide will be helpful. Have I successfully connected the dots here? If you have previously sent these materials to Felipe or Tracee please simply grumble to yourself if you have to do an extra e-mail to me. Remember, you don't have to be nice to a short timer unless you need them to get something done. Regards,

Subject: "call for sign up - Diehards 3".

Body:
This is the official notice to sign up for our golf pool. It is now in its 12th year, the 3rd using Yahoo. Rules are described below. Necessary action: Let me know of your intention to participate by getting me your initial ante of $25 before January 2, 2002. Most of you have amount left over from last year that can be applied. We welcome new recruits, as long as they ante and have the commitment to participate all year long. The initial ante, which will serve as collateral, is due in the first week or any time the manager's collateral is more than $5.00 insufficient. After receipt of the collateral, the remainder of the year's accounting is by credit. The fee for entering each week is the greater of $5 or $2 per million of event prize money. Participation is mandatory except for three "vacation" weeks which require you to set all of your players as "reserve" or notify the members in advance of the deadline. The pool of entry fees will be distributed proportionally by each manager's credits for the week. Credits will come from three sources: (1) Margin; (2) Rank among the managers for the week; and (3) Handicap. For the weeks until Yahoo starts (probably with Pebble Beach) we will use a spreadsheet method as follows: A list of eight golfers must be submitted to me by 8:00am (Central Time) on Thursday. Managers will get points by dividing their listed golfer's winnings by the sum of one plus the number of managers who have listed that golfer. For the above Margin component, a pool of credits (equal to 100 per participating manager) will be distributed proportionally by each manager's points in excess of half of the average points. For the above Rank component, a pool of credits of equal size to the margin pool will be distributed such that each position is 41.4% higher that the next lower. (For you actuaries, this is from the square root of two; the ratio doubles with every two steps up.) For the above Handicap component, the points are 0.0014 * (average team score) * ( $ in the hole at the start of the week 2 )?After Yahoo is up and running, the procedure will remain the same as last year. You will need to make your picks according to the Yahoo website and managers will get points according to the site's scoring. ?For the above Margin component, each manager's margin will be their Yahoo points in excess of half of the average points. ?For the above Rank component, a pool of credits of equal size to the margin pool will be distributed such that each position is 41.4% higher that the next lower. (For you actuaries, this is from the square root of two; the ratio doubles with every two steps up.) ?For the above Handicap component, the points are 0.0014 * (average team score) * ( $ in the hole at the start of the week 2 ) Rules may be modified for weather delays, nonstandard tournament formats, or other special situations. Do You Yahoo!? Send your FREE holiday greetings online at Yahoo! Greetings .