Subject: "Signatories for Password Applications".

Body: I have received the Unanimous Written Consent of the Board of Directors of Enron North America Corp. dated 11/10/99 appointing Dale Neuner and Robert Shults as agents and attorneys-in-fact to execute Password Applications on behalf of the Company for online trading. The original Consent will be sent to Kate Cole for inclusion in the corporate minute book and copies will be sent to Dale and Bob. When signing the Password Applications, Dale and Bob should sign them as "Agent and Attorney-in-Fact". In the absence of Dale or Bob, any V.P. or above can sign Password Applications (with initials from Legal). If you have any questions, please do not hesitate to call me.

Subject: "PG&E eTrans Notification - Parcel 8867 is Award Pending".

Body: The following parcel's open season has expired and is pending award of bids by the releasing shipper. Releasing Shipper: Enron North America Corp. Parcel: 8867 Contract Number: 08076 Path: Kingsgate to Malin Quantity: 15000 Min Release Quantity: 15000 Begin Date: 12/1/2001 End Date: 11/1/2002 This parcel is Biddable Open Season Begin Date: 11/27/2001 11:00 A.M. Open Season End Date: 11/27/2001 12:00 P.M. The prearranged replacement shipper is: Canadian Natural Resources Limited PG&E National Energy Group and any other company referenced herein that uses the PG&E name or logo are not the same company as Pacific Gas and Electric Company, the regulated California utility. Neither PG&E National Energy Group nor these other referenced companies are regulated by the California Public Utilities Commission. Customers of Pacific Gas and Electric Company do not have to buy products from these companies in order to continue to receive quality regulated services from the utility.

Subject: "Credit Watch List--Week of 5/14/01".

Body: Attached is a revised Credit Watch listing for the week of 5/14/01. If there are any personnel in your group that were not included in this distribution, please insure that they receive a copy of this report. To add additional people to this distribution, or if this report has been sent to you in error, please contact Veronica Espinoza at x6-6002. For other questions, please contact Jason R. Williams at x5-3923, Russell Diamond at x5-7095, or Veronica Espinoza at x6-6002.

Subject: "Meeting Confirmation".

Body:
Joe, I have slotted you 90 minutes w/Greg on Wednesday @ 4:00 p.m. Greg is scheduled to participate in a Houston conference call @ 5:30 p.m. You guys are connecting again for dinner. Please let me know the time and location for dinner on Wednesday night. Also, Greg says his schedule is open enough that he would like to hang out on the floor w/you and your guys. He will be officing over by John Sherriff and the mobile number he's carrying is +44 7901516638. Many Thanks, Liz Taylor