Subject: "Tech Services".

Body: Brian, good memo - I think you mean't Energy Capital Resources not Enron Capital Resources in your memo. I would distribute widely in the management ranks. Regards

Subject: "8:30 AM Tuesday Risk Meeting".

Body: The 8:30 AM Tuesday risk meeting on 9/4/01 is cancelled for commodity risk groups. The regular daily status meeting will proceed as scheduled. Please let me know if you have any suggestions for topics for the following week's meeting. Thanks.

Subject: "e-Trans Contract Administration".

Body: Contract 03213 was suspended at 11/30/2001 13:36:04 PG&E National Energy Group and any other company referenced herein that uses the PG&E name or logo are not the same company as Pacific Gas and Electric Company, the regulated California utility. Neither PG&E National Energy Group nor these other referenced companies are regulated by the California Public Utilities Commission. Customers of Pacific Gas and Electric Company do not have to buy products from these companies in order to continue to receive quality regulated services from the utility.

Subject: "Classes 11-12 Mt Hood".

Body:
Please join Enron Training Sessions 11-12 MT Hood. The goal is to provide an overview of each major function in our office to anyone who is interested in learning about what goes on here. Schedule: 1/4 Tim Belden - Floor Overview 1/7 Matt Motley - Term Trading 1/8 Sean, Diana, Richter - Cash Trading / California Market 1/9 Stewart, Paul, Foster - Middle Market / Services 1/10 Tim H - Fundies 1/11 Alan - Regulatory 1/14 Donald - Scheduling 1/15 Bill - Real Time 1/16 Scotty - Volume Management 1/17 John - Risk Management 1/18 Susan, Steve, Christian - Credit & Legal 1/22 Todd - Structuring