IN: Pete, Here is what the new Henry Hub swap would look like on the website. Prior to this going live, I will need to run it by Mark Taylor in Legal. Let me know what you think. US Gas Daily HHub Elec Oct01 USD/MM A financial Swap Transaction with Enron North America Corp., under which the Seller pays a Floating Price and the Buyer pays the price submitted by Counterparty on the Website (the Fixed Price) in each case in respect of the Notional Quantity per Determination Period. Each calendar month during the term of the Transaction will be a Determination Period. The Notional Quantity per Determination Period is the volume submitted multiplied by the number days in the relevant Determination Period. The Payment Date(s) will be 5 business days after the Floating Price is determinable. The Floating Price shall be the average of the Index for each day in the relevant Determination Period. The term of the Transaction shall correspond to the date(s) set forth in the Product description on the Website. The Index for a day shall be the price published on such calendar day under the heading "Electronic Trading Indices" in the Henry Hub section of Gas Daily, or if a calendar day is not a Business Day then the price used shall be the price published on the next succeeding Business Day. The price is quoted in US Dollars per unit of volume, which will be the Contractual Currency. The unit of measure against which the price is quoted shall be millions of British thermal units and the quantity shown shall be in millions of BTUs per day.

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OUT: HHub Elec

IN: Happy Birthday to you... Happy Birthday to you... HAPPY BIRTHDAY DEAR SCOTT, HAPPY BIRTHDAY TO YOU! I just wish that I could do or say something that would make it a better day for you. It would be nice if we could at least go shopping, Home Depot, or Target! It always helps me to buy some plants or garden stuff when I'm down and I would love to be able to go and do that with you. But since I can't, I can only send you good wishes and thoughts that your day is somehow a happy one. Connie, Armin and Angus

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OUT: HAPPY BIRTHDAY!

IN: John: Please send Susan Flynn contact information for this counterparty so that we can send them our form of CA for the financial info that they intend to give us. I'm assuming that this is in connection with swaps that we will be doing with them. If there is anything else that we need to describe in the CA please let Susan know. Thanks.

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OUT: Southern Company

IN: John: It ended upbeing a crazy day. Included are thepoints that we would like to quote. BG&E is not going to be taking bids until this morning, so if you could refresh your numbers I would like to try to get some of these. Call me if you have any questions. You can either call me or e-mail me your mumbers. Thank you much! Rickey - NEG request for quote for BG&E for Nov 01.doc

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OUT:
NDR Group RFQ for Nov 2001