Q: Enron has begun its executive solicitation for United Way. You should have received an email providing the intranet address where you can pledge online. (Please note: when entering the information online - enter 4 digits for your birth year). I encourage you to be the leaders in giving for Governmental Affairs/Public Relations and make your pledge this week. Further, please invite the generous participation of the people in your groups. Thank you for your involvement.
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A: UNITED WAY

Q: Transwestern Pipeline Company Transwestern has run into some problems with the air permit conditions for the Redrock Expansion. For the state permits, the ADEQ wants to abitrarily set a 10% safety factor to the emissions levels which approach PSD. This means that they have written into the draft permit a reduction in the allowable hours of operation for the generator from 8760 to 7800. This generator is the facility's prime source of power and therefore, needs to be operated for 8760 hours. Transwestern will challenge the agency's authority to apply a 10%safety factor. For the Indain lands permits, the EPA has written a permit condition of 25 ppmvd for NOx and CO under all operating conditions. Manufacturerers guarantees only apply at 25 ppmvd at loads above 65% and at 0F. It appears that Transwestern may have convenienced the EPA to back away from permit limits in ppmvd and include as permit conditons lb/hr and ton/yr emissions limits that Transwestern originally placed into its applications. Northern Natural Gas Company A standard exemption for the NNG Martin Co. No. 1 facility was submitted to the TNRCC. Preliminary maintenance activities and newly published AP-42 emissions factors have shown that the Martin Co. 1 facility may be a Title V facility. Under the old AP-42 factors, the units at the facility were not greater than 100 ton/year sources. Continued investigation is being conducted to determine emissions levels from the units at the facility. EOTT A request and supporting documentation was submitted to the TNRCC to remove the EOTT Crane facility from the Title V operating permit program. New data on the crude oil received into the facility shows the emissions limits for VOCs to be less than the Title V regulated limit. General Preparations are being finalized for the environmental roundtable to be held next week in Albuquerque.
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A: Weekly Envoironmental Activity Report

Q: Attached is the summary of this Accounting and Reporting NOPR proposing additional reporting requirements for financial instruments. The NOPR is hyperlinked to the word document. Comments are due on March 11, 2002. Please review and designate whom you would like to participate in developing comments, if any. This may not have any material impact on us. Please advise Tony Pryor or myself of your designee by next Tuesday, January 22.
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A: NOPR - Accounting and Reporting of Financial Instruments - RM02-3

Q: Mr Lay, To suggest that I am merely disappointed by Enron's performance in both the public markets and the broader corporate universe is an understatement. Enron is at a crossroads with one path leading to irrelevance assigned to companies unable to rise in the face of crisis, and the other path being reserved for those that not only survive, but come out stronger. I'm sure you can easily identify examples of each without my help. Every individual in management and oversight (the Board of Directors) shares the blame and responsibility to take drastic action and come clean. Enron now has a higher bar of corporate governance than other publicly traded companies due to the reckless squandering of trust that resulted from actions of many individuals who believed they were clever and crafty, or just plain greedy. Furthermore, I strongly suggest to you that many senior managers within the corporate suites of Enron no longer have a place in the company, quite possibly that may include yourself. A clean break and a thorough cleaning is clearly required. In years past, when asked about the companies that I admired and watched, Enron always was on the short list. Sadly, I can no longer say that. Jeff Nolan, an Enron shareholder
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A:
corporate responsibility