IN: I have a couple of questions so I can wrap up the LOI: We refer to licensed Fuel Cell Energy equipment. Do we intend to reference a particular manufacturer, or should this be more generic? Do we want to attach a draft of the Development Agreement, and condition the final deal on agreeing to terms substantially the same as what's in the draft? I have a concern that the Enron optionality bug could bite us on the backside with that one. Do we expect to have ONE EPC contract, or several? I'm looking for the confidentiality agreement, which may be in Bart's files (haven't checked closely yet). If anyone has it handy, it could speed things up for me. Thanks,

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OUT: CRRA LOI

IN: Rod: FYI, Paul's doing bond swap with UBS. Does credit have any issues? I am verifying the Enron party (since I am not familiar with the ECT Investment Trust). Please advise. Sara

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OUT: TR Bond Swap Confirmation

IN: Kevin, I am the executive recruiter you spoke to today about new job opportunities. Thanks very much for your time. As discussed, I've attached my contact information for your records. Please send your resume back to me in Word format and let's make arrangements to discuss your background and interests in new job opportunities. You can find more information about my firm at www.firstcallassociates.com. We are very familiar with the nuances of the energy trading business and have built relationships with many energy companies in North America enabling us to present qualified employees for their consideration. Adrian Clark Director First Call Associates, Inc. 8 Andrew Dr. Canton, CT 06019 (860)693-4122 (860)693-4118 (fax)

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OUT: First Call Contact Information

IN: At the request of Daniel Diamond, I am attaching a copy of the Letter of Interest revised to delete the sentence with respect to obtaining certain agreements with respect to Broker's customers. If the enclosed meets with your approval, please sign the attached and return it to me via fax no. (713) 853-3399 and I will have it executed by Enron. If you have any comments or questions, please do not hesitate to call me at (713) 853-3399.

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OUT:
Revised LOI - TFS Energy