IN: Hey Guy! How's it going? Are you going to the APB derby party? I am just trying to see who all is planning to go that I know. Big plans for the weekend? Talk to ya later. Jennifer

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OUT: Derby Party
IN: This is an email
Please be advised that the KeySpan Energy Delivery deadline for October enrollments is Thursday, September 20, 2001 at 1:30PM (NY time) and the deadline for drops is Saturday, September 15, 2001 at 1:30PM (NY time). We strongly recommend that you process your transactions as well in advance of these deadlines as possible. Key Span will not accept any transactions beyond these dates. Transactions that are rejected and resubmitted subsequent to the deadline dates will not be accepted. Your cooperation in complying with this request is greatly appreciated. Thank You,

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OUT: October 2001 Enroll/Drop Deadlines
QUESTION: Current Notes User: To ensure that you experience a successful migration from Notes to Outlook, it is necessary to gather individual user information prior to your date of migration. Please take a few minutes to completely fill out the following survey. Double Click on document to put it in "Edit" mode. When you finish, simply click on the 'Reply With History' button then hit 'Send' Your survey will automatically be sent to the Outlook 2000 Migration Mailbox. Thank you.
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ANS: 2- SURVEY/INFORMATION EMAIL 5-17-01
Michelle, I hope you had a good Christmas. I would appreciate if you could please let me know where you stand with the agreement to release both me and Enron from the obligations contained in my employment contract. I have a firm offer for employment that is running out of time. I would greatly appreciate your help in resolving this issue as soon as possible. I look forward to receiving a draft of the agreement by email as per our understanding. Thank you for your attention. Regards,
Q: What is a potential subject line for this email?
answer: Release from contract
Greetings, Tom. I have a great picture of you, Jeff and Jeffrey at the Inauguration that Jeff asked me to send to you. Unfortunately, I don't have a mailing address for you. If you would please e-mail me your address, I'll get the picture right out to you. Thanks, and hope all is well! SRS
Answer: Mailing address
Q: Transwestern held its Transport Options Workshop on August 31. Commercial and regulatory representatives of BP-Amoco, Burlington, Conoco, Coral, Dynegy, Phillips and Reliant attended. After a brief overview of the proposed filing, TW opened the floor for questions and comments. Here is a summary of the comments. Marketing affiliate concerns. BP's regulatory representative expressed concern that TW's marketing affiliates would be able to use options to game the system. In BP's example, since TW and ENA are both Enron companies, ENA could purchase an "out of the money" call option essentially cost free, since its affiliate (TW) would have the ability to buy the option back. Proceeds from ENA's ability to then "move the market" through the establishment of the long basis position would go directly to Enron's bottom line. BP suggested that TW's marketing affiliates be banned from purchasing options, or that the marketing affiliate be required to credit 100% of the option proceeds to other shippers. Although BP admits that Transwestern's prior dealings with ENA have not been suspect, BP fears that TW's filing will set a precedent for other pipelines to offer a similar service. Since TW will be the first pipeline to offer such services, BP wants TW's program to be as restricted as possible. Dynegy echoed BP's concern regarding possible affiliate abuse, but rather than shelve the program entirely, Dynegy reiterated an earlier suggestion that Transwestern be required to credit back the difference between the option fee paid by an affiliate and the next highest bidder, if the affiliate's bid exceeds the next highest by a certain percentage. TW's response was that while actual abuse of an options program by a marketing affiliate may be a legitimate concern, owing to its unassailable record in this area, TW should be entitled to a presumption that it has complied and will continue to comply with Commission policy covering the sale of capacity to marketing affiliates, and was not inclined to voluntarily include any limitations on the options program. If BP and others have serious concerns regarding the Commission's overall policy on marketing affiliates, those issues should be raised in a separate proceeding that applies to all interstate pipelines. Right of first refusal. Burlington asked whether options would replace the right of first refusal. TW's response was that ROFR will still be available pursuant to the terms and conditions of our tariff. Negotiated rate. BP's representative claimed that option contracts will constitute a negotiated rate and that each deal will need to be filed as such. TW did not respond to this or discuss it further. However, TW's position at this point is that since the option fee is part of the transportation rate, transportation deals that include the option amendment will only be considered negotiated rate deals if the total rate including the option fee exceeds the maximum transport rate. Hoarding capacity. Using the recent large block sale of capacity on El Paso as an example, several customers expressed concern that the options program would make it easier for a shipper to hoard capacity. It was not clear why some of the workshop participants thought that the sale of options would create more opportunity for hoarding capacity than already exists. Perhaps because the option fee is a lesser cost than the transport rate for the underlying capacity, their perception was that options would simply make hoarding cheaper and easier. TW acknowledged that the potential for withholding capacity from the market is one reason for FERC's current policy against reserving capacity for shippers. Although TW did not commit to placing any limits on the either the quantity of capacity or options for capacity that any one shipper may own, it is possible that FERC may require TW to do so in a final order. Our plan is to meet with PG&E and SoCalGas in California the week of September 11 to go over details of the program, and to finalize the FERC filing by mid-September.
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A:
TW Options update