This is the content of an email: Britt- great memo. I'm sure you guys are in the course of discussing these very issues, but here's my two cents worth. 1. Once we decide on an optimal forum, the key step before filing a lawsuit is the assessment of our probability of success--for different reasons than

Subject: El Paso

This is the content of an email: We have received the following fully executed documents back from EnergyGateway: 1. Provider Agreement dated 12/04/00. This Agreement provides that the Monthly Membership Fee of $1,500 shall be waived for the first six months of the contract, starting November 30, 2000 thru May 31, 2001. 2. Natural Gas Marketplace General Terms and Conditions dated 11/30/00. A copy will be sent to Sheri Thomas and Craig Breslau.

Subject: EnergyGateway.com, LLC, d.b.a. EnergyGateway

This is the content of an email: On September 20, 2001, NEPOOL submitted proposed amendments to its July 6, 2001 Market Rule Filing which proposed to limit ISO-NE's ability to recall the Energy associated with exports of Installed Capability ("ICAP"). Filed at the request of the Commission, NEPOOL's amendment informs the Commission on the general impact of the ISO-NE ICAP Order on the NEPOOL Filing. Generally, NEPOOL informs the Commission that its recent ICAP Order has little impact on NEPOOL's request, and NEPOOL has sought a November 1, 2001 effective date for the ICAP recall Rules. Please let me know if you need further information.

Subject: NEPOOL Market Rule amendments (ER01-2534)

This is the content of an email: Sovereign Bond Spreads: =20 Significant New Issuance - CSFB Commentary: ?=09The emerging debt markets rallied this week as the long expected new IM= F package for Argentina was finally announced on Tuesday. Argentina will re= ceive US$8bn in new loans from the IMF, of which US$5bn will be allocated n= ext month to reinforce reserves that were depleted as a result of massive s= avings withdrawal. Another US$3bn will be extended if Argentina obtains an = agreement to cut financing costs through a debt swap and possible buyback. = The rally in Argentina spilled over first to the higher yielding EM assets = (Brazil, Turkey etc), then helped other credits, although the impact was so= fter. However, the Argentine problem is far from solved, as the Republic's = government still has to deliver on its promises of a zero budget deficit an= d debt restructuring, therefore the medium term outlook is still cautious. = The Turkish market traded up after the Argentina package was announced; the= rally was also helped by the satisfactory T-Bills auction results and othe= r positive news from the country. For Russian assets, the IMF announcement = was also a long awaited boost: volumes increased significantly with prices = climbing by more than 2 points. The Russian US$ yield curve is getting very= steep because most of the supply that we see is concentrated in Russia 203= 0, while the buying interest is spread across the curve. Central and Easter= n European asset prices were on average ? point higher on the week with Pol= and underperforming other countries after the S&P changed its outlook on fo= reign currency rating for the Republic from "positive" to "stable". The EMB= I+ Index tightened by 50 bps in one session on Wednesday and closed 29 bps = tighter on the week. ?=09On Tuesday the FOMC cut the Fed Funds rate for the 7th time this year b= y 25 bps to 3.50%, the lowest since April 1994. The accompanying Fed statem= ent pointed at the slowing global growth and weakening business profits and= capital spending in the US, thus suggesting further easing is possible. ?=09As market conditions remain difficult and we are still in a traditional= August holiday period, primary market activity is very slow but expected t= o soar in September with a number of deals waiting in the pipeline.
Subject: Sovereign Bond Spreads, 24 August 2001