This is the content of an email: MARKET NOTICE January 4, 2002 Resumption of Preliminary Invoicing ISO Market Participants: SC Settlement Contacts: The ISO will resume issuing Preliminary Invoices starting with the November 2001 trade month. On August 30, 2001, the ISO distributed a notice indicating that it would temporarily suspend making cash distributions based on preliminary invoices. The notice further indicated that this practice was to be effective for the June, 2001 billing cycle. Beginning with the July 2001 trade month, the ISO temporarily halted issuance of the preliminary invoices entirely. Subsequently, the ISO issued a single monthly invoice on the date that it issued the Final Settlement Statement for the last Trade Day of the calendar month. Thus, the ISO neither collected nor dispersed funds until the final invoice was distributed. This suspension of the "two invoice" settlements approach was a temporary action. The ISO will resume issuing Preliminary Invoices starting with November 2001 trade month. This is consistent with ISO's proposal in the November 21, 2001 compliance filing for FERC's November 7 order. November 2001 Preliminary Invoices are scheduled to be generated on January 29, 2002. If you have questions regarding this procedure, please contact your Account Manager. Client Relations Communications.0921 CRCommunications@caiso.com

Subject: DRAFT CAISO Notice - Dual Invoicing to resume trade month November 2001

This is the content of an email: Dear Mr. Lay, My name is Djoefree Hermanto, one of Enron shareholders. I would like to wish you, your family, Enron team "Happy New Year". I wish you all the best in the coming year (2002). Sincerely,

Subject: Happy New Year

This is the content of an email: = = = = = = = = = = = Intercontinenta= lExchange = = = = = =20 = = = = = Firm P= ower Price Bulletin = = = = = =20 = = = = = For Po= wer Delivered on Monday, October 08, 2001 = = = = = = = = = = = =20 = = = = = = = = = = = (Trade Date of = Friday, October 05, 2001) = = = = = = = = = = = = = = = = = =20 Click here to access index history . = = = = =20 = = = = = = = = = = = * volume repres= ents sell-side only * = = = = = = = = = = = = = = = = = =20 Hub=09High=09Low=09Wtd Avg Index=09Change ($)=09Vol (Mwh)=09 Cinergy=09 $24.50=09 $22.00=09 $23.96=09+ 2.52=09= 86,400=09 Comed=09 $22.50=09 $19.75=09 $20.78=09+ .75=09 = 8,000=09 Entergy=09 $23.00=09 $18.00=09 $19.64=09+ 1.00=09= 34,400=09 Nepool=09 $36.25=09 $35.25=09 $35.71=09- 1.50=09 = 16,800=09 PJM-West=09 $29.80=09 $28.65=09 $29.06=09+ .05= =09 36,000=09 SP-15=09 $25.00=09 $24.00=09 $24.63=09+ .55=09 = 2,400=09 TVA=09 $22.50=09 $20.75=09 $22.02=09+ .13=09 = 8,800=09 = = = = = = = = = = = Includes all tr= ades done from 6 AM to 11 AM Central Prevailing Time on the trade date spec= ified for financially firm power delivered during the on-peak hours (6 AM -= 10 PM CPT for Eastern hubs / 6 AM - 10 PM Pacific Prevailing Time for West= ern hubs) on the delivery date(s) specified. = = = = = = = = =20 = = = = = In= tercontinentalExchange is the world's most liquid trading platform for over=

Subject: Power Indices

This is the content of an email: Mr. Lay, Even though this will in all probability never even be read, I would still like you to know I am proud to have at least been part of Enron. I am a foreigner and came to work for you a year ago exactly. I can clearly remember how all I knew here said how lucky a <beep> I was to work for the most safe and good company in all of Texas and probably way beyond it. I am from the Netherlands and what I call 'imaging', was unknown to me. Still, here I am, now fully cooperating by being very proud to work for my company, Enron. These are trying times for all of us. It is hard to even smile back at people that make cheerful little jokes about the situation we are in. When something negative is being said, I'll be there jumping the barricades defending what I know Enron to be. Unfortunately, in the wee hours when there is nothing left to fight and all you can do is wonder about what the heck is going on, I become upset. Upset with myself for defending Enron while I have no idea what I am talking about. All we all know is what we read online, see on the news and read in the paper. Usually people outside know more than we right here at that, according to your emails, powerful pumping and beating heart committed to get us out of the predicament we are in. Now, I ask you, is there anyway you can give us a little more of that Enron feeling? We all know that we have to prepare for the worst, but nobody knows anything so to say. Even if we stay loyal and try and not update that resume and not look for jobs, we don't know what is the least that we can expect at the end of the day. Sure, it must be possible for us to go and find out online what the little rules are and guess what we can expect. Instead how about doing that 'imaging' again. Us being proud that even if we end up being let go, that we were informed and knew what was coming. Bestow on us that what you gave us the first day we came in: Our Values. With kind regards, Guido Govers Enron Networks 5-4704
Subject: Our Values