Subject: "Draft Dynegy Release".

Body: Attached is the language we are proposing to Dynegy for their release tomorrow. Please send me your comments tonight, and I will send the final release to Rosie to forward to Chuck Watson from Ken. Thank you.

Subject: "mich/cons vs. mich_cg-gd".

Body: FYI- We need to be more careful with which of the two curves above we use for physical deals. We have had some substantial OA for Jan 01 production because the basis curves for these two locations were .30 different. Usually these are less than .05 different. If you have a physical mich physical it should be Mich_cg-gd in tagg(which is michigan consolidated pipe in sitara), if it is consumers power, it will be mich/cons and cec pipe in sitara. Any questions, ask. Thanks. PL

Subject: "Bullets 09/15/200".

Body: EOG executed the Interconnect and Operating agreement. Transwestern has initiated landowner's notification, which takes at least 30 days. Planning a trip to Tulsa this Friday, to visit with Oneok.

Subject: "Our support/Best Wishes".

Body:
Dear Mr. Lay, I just wanted to drop you a note and personally wish you the best of luck with Enron Corp. through the holidays and in the coming new year. Although I am not a stockholder, I've always believed that Enron Corp. was on the cutting edge of everything that was good about the energy business, and what's right for Texas in particular. My wife works for the American Heart Association here in Austin. She said you and your company have been a long time and generous supporter of AHA. Thank you for that. As I was reading in the Austin American Statesman this morning, I understand that you have gone to great lengths to do "the right thing" for everyone concerned. I firmly believe that you will come out of this situation on top and continue to prosper and profit as always. P.S. I hope that my email moniker of "elduque" didn't throw you.....I am not with any east coast competitor! I picked it up while watching a World Series game last year and thought it appropriate at the time, when Yankee pitcher "Elduque" was busy striking out the side. Here's hoping you can do the same! Best Wishes For The Holiday Season!! Respectfully, Douglas Smith