Subject: "Data for Moody's RiskCalc".

Body: Iris From the initial work that I Ben and I have done, data availability for the Moody's model is relatively good for European companies. However, there are problems for certain jurisdictions (e.g., the Netherlands) where reporting requirements are low. Also, all newly established entities with no accounts cannot be priced. You may be aware that S&P has a similar model. You can find the description at www.creditmodel.com. We met with S&P earlier this morning and they will give us logins that I will forward to you. I have not looked at the details, but it appears to me that the Moody's model could be more relevant for our purposes as the S&P model is calibrated of companies that S&P has rated, whereas Moody's has actually got data not only retsricted to the firms they rate. Moreover, the S&P threshold USD 100m) is very high. For US counterparties, there may be a problem as private US firms do not need to publish accounts. In any case, quality data is probably one of the most important issues to be resolved going ahead, and this is likely to define what companies we will be able to price and influence model selection. Therefore when you (or someone else) examines potential data sources/vendors please keep Eric Kirkpatrick and Mike Mumford in the loop to ensure full co-ordination Regards

Subject: "Data Request for 637 filing".

Body: Hasan, We have been asked to retrieve some information to assist us in our decision making regarding a tariff filing on TW. We would like to see the Final Operational Capacity vs. Final Scheduled volume by day from Oct. 2000 to Oct. 2001. for these groups. I/B Link Group 28 San Jaun Group 26 West of Thoreau 24 We also need to know when these groups were allocated during this same time frame by day. We would like to have all this information by next Wednesday, November 7th if possible. If not, please let me know as soon as possible. The information only needs to be sent to me to reconfigure. Thank you. Terry Kowalke

Subject: "Albuquerque Cross Functional Meeting".

Body: I made room reservations for the 3 of us on November 5 only at the Sheraton Uptown (505-881-0000). The rooms are not guaranteed past 6:00 pm. Our confirmation numbers are as follows. Ron M. 118587 Darrell S. 118588 Dennis A. 118590 I checked on flights and the best bet is a 2:30 pm flight arriving Albuquerque at 3:36 pm (next one wouldn't get in until 7:37 pm). Flights back to Houston are 2:40 pm and 4:30 pm arriving at 5:37 & 7:37 pm respectively. I vote for the 4:30 pm flight to make sure we don't run short on time. LET ME KNOW ASAP MONDAY TO BOOK. Right now the fare is $156.25 & non-refundable. Not sure what it will be Monday. Kim, I don't know your plans in and out of Albuquerque so I didn't book a room for you. I thought you were headed elsewhere from Albuqueruque. Let me know if you want me to do something on arrangements. Ron M.

Subject: "City of Austin".

Body:
Hi Pete, I'm attaching parts of an email I received from one of our technical folks regarding the C of Austin turbine contract. I have to send it in pieces because it is so large. Thanks,