Subject: "Harvard Business School case studies".

Body: Beth, I have a favor to ask. Do we have copies of Harvard Business School case studies about Enron? We use these case studies during Super Saturdays. I need a few copies. This is for Prof. John Martin. Vince

Subject: "Quarterly Legal Review -Power".

Body: Attorney Work Product/Not Discoverable Top Legal Risks 1. Power Forms - Trading contracts in the power industry are very weak. Typical problems include, trading under multiple masters, no liquidated damages for non-delivery, no events of default or calculation of termination damages, broad performance outs. 2. Agency - Several of our major trading partners operate through an agent acting on behalf of several operating companies. This creates uncertainty as to which entity is liable for which trades. 3. Municipalities - Difficult authorization issues associated municipalities. 4.Complexity of transactions - Power transactions can be very complex as a result, in part, of difficult delivery mechanics and volatile pricing. 5.Timing of transactions - Power transactions typically must be completed on a very tight time schedule. 6. Lawyer Training - Difficult, time consuming process to train lawyers on how to document transactions involving power. 7.Process for approval of transactions - Uncertain procedures for making sure everybody understands risks associated with transactions. Documentation Projects 1. EEI - cont'd work to make EEI the trading contract for power/lessen reliance on WSPP. 2. One-off Power Form - creation of contract to be used for individual transactions that are not part of a master. 3. Product Definition - cont'd work on creating/building acceptance for power product definitions. 4. Platform Trading - Encourage use of EEI as trading platform for all e-trading. 5. Single master contract for all physical commodities/financial trading - work with ISDA to develop single contract for physical trading and then roll that into single contract for physical and financial trading

Subject: "3527 Yupon misc.".

Body: Below is the information for opening the utility accounts in your name. The phone and cable will be disconnected on Nov. 5, and the water, gas and electricity will be disconnected on Nov. 6. (If you make the calls prior to these dates and give them the Nov. 6th date, then the water, gas and electricity will not actually be turned off in the house.)

Subject: "Pegasus: ENA Consent and Legal Opinion".

Body:
Nice touch, sending this the day after the letter agreement was signed. Can you enlighten me on the ENA procedures and sensitivities to these types of docs? Thanks,