Q: Andy, UBS has given us a list of open due diligence items made by UBS' Market Risk Group. We would like to have due diligence completed by this evening so that we might sign soon thereafter. Below are the items for which you were identified as NetCo contact. Please let me know the status of this information and send it to me as soon as possible. If you need any assistance from me, do not hesitate to call. 3) Detailed explanation of funding assumptions which would include what levels the traders expected to receive funding from Treasury and how Treasury derived both overnight and term internal lending rates. - Andy Zipper 4) A detailed description of how volatility curves are currently being built. Description should include what inputs are used, are outputs consistent with inputs, and are these curves independently verified by a internal control group. - Andy Zipper Regards,
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A: Open due diligence items

Q: Mark: This is a chronic problem which I have addressed with Cheryl on more than one occasion (hence the email of this morning). Her priorities are not currently with the swap group. Also, Carol will not be a reliable backup for structured deals since Julia's group will demand more of her time. I don't know what Angela's load will be like as an ongoing substitute. Last night we received notice of Yosemite IV and I'm hoping that Angela can cover. Alternatively, we may need to consider Frank, Francisco or Cheryl.
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A: Scheduling & Conflicts

Q: Celeste, I would like to ask you for a favor. We would like to have Sevil as an intern in our group this summer. She prepares a Ph.D. dissertation on transmission: a critical issue to the power markets everywhere. I have also a few other students I would like to take in as summer interns. I shall send you the resumes in separate messages. Vince Kaminski
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A: Summer Internship Position

Q: All, As you have some visa condition associated to your employment with UBS, we will shortly be forwarding to you an assignment letter that allows you to provide services to UBS whilst still an employee of Enron. This assignment letter will only be applicable until your visa is approved by the INS. Therefore, if any of you will be out of the office this week/early next week, can you please let me know. Kind regards,
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A:
Transfer to UBS