Problem: BODY: ED: (1) The Alcoa lawyer wants to adopt the terms of the ENA/Alcoa Inc. master for purposes of the December deal. (2) EWEB has requested the following provision: DEFAULT RATE shall mean the lesser of (a) the per annum rate of interest equal to the prime lending rate as may from time to time be published in "the Wall Street Journal" under "Money Rates" on such day (or if not published on such day the most recent preceding day on which published), plus two percent (2%) but not to exceed in total fourteen percent (14%) annually, and (b) the maximum rate permitted by applicable law. Please let me hear from you. Sara
======
A: SUBJECT: Alcoa and EWEB

Problem: BODY: Steve, Hey, what's up my friend? I hear that business is well in Puerto Rico (although that was quite awhile ago so who knows). I'm assuming that you are, indeed, still there. I can't believe that I've just finished my fifth month with Enron. It's been great, though. Everything is new so I'm learning a ton. Working on a trading floor is quite a different environment than Pirnie. My desk is so small it reminds of Puerto Rico, although there are no bomb threats, the bell does not sound at lunch, and the number of holidays does not exceed the number of work days in the year. I've recently been accepted into a subprogram of the program I'm in to become a trader, so my next year is pretty much planned and eventually I'll start trading. Anyway... I was just thinking the other day that I miss my trips to the island (especially my accomodations at the Excelsior), and I can't help feeling a little shorted that I didn't get a follow-up event of the Reggae tour or diving trip. So I was wondering if maybe I should come down some weekend and make it right., you know put all of the planets back in alignment. So I was wondering if you might be able to put me up for a weekend and maybe do some diving or something. If not, then no big deal, there's about zillion places I'd like to visit in the next few months. Just drop me a note sometime and let me know what you think. Please say hello to Pat, Joanne and Juan Carlos for me. By the way, it was bittersweet to hear Barry left soon after I did. Had he done so sooner, I would have taken his spot! Anyway, wish everyone well and I'm curious to hear what's happening on the island these days. Take care, Mat
======
A: SUBJECT: Hola

Problem: BODY: Jeff Richter will be transitioning off of the Short Term California trading desk and on to the EES Risk Management team during the next several weeks. Jeff will be taking an important leadership role, joining the management team with Don Black and Rogers Herndon. Jeff, Don, and Rogers will report jointly to me and Kevin Presto. While Jeff will be sorely missed in his current role managing the Short Term California desk, his trading and technology skills are sorely needed on the EES side of the business. Over the next couple of weeks we will sort out the new responosibilities on the Short Term California desk.
======
A:
SUBJECT: Another EES Announcement