This is the content of an email: Dear PIRA Client, PIRA has created a new presentation on the world economy. You can access this presentation via PIRA Online (www.pira.com) by logging in and, from the Client Home page, choosing "World Economy" from the "Macro Data"* drop-down menu at the top of the screen. We have also updated the existing slideshow accessible from the "US Economy" link. The presentation consists of a table and charts that encapsulate GDP and IP performance, by country/region, for 2000-2002. It is a useful comparative recap for the existing slideshows on the U.S., European, and Japanese economies. Given the overall importance of economic trends and their impact on regional and global energy markets, PIRA maintains databases of key economic indicators to support our analyses of energy fundamentals and the associated market forecasts. These presentations - which are updated as new data become available - are being made available complimentarily to all PIRA Online users. If you need a user name and password for PIRA Online, or if you need help logging in, please contact Dyana Rothman at (212) 686-6808, email: support@pira.com. (*If you are having trouble finding the "Macro Data" link, go to the FAQ page on PIRA Online and click on question number 4.) Gary N. Ross Chief Executive Officer PIRA Energy Group

Subject: PIRA Presentations on the US and World Economy

This is the content of an email: Save the date! October 22-24 has been reserved for the Enron-wide Operations Controller Forum to be held in Houston at the Warwick Hotel. To accommodate the desired travel schedule of our attendees outside the Houston office, the forum will kick-off the evening of Sunday, October 22. We will have a full day and evening on Monday, October 23, and the forum will conclude mid-afternoon on Tuesday, October 24. Many key Enron players will join us for portions of the forum. Speakers confirmed to date are Jeff Skilling, Rick Causey, Ted Murphy and Bill Bradford. Details will follow in the next few days. All hotel accommodations will be arranged by Patti and charges for these will be absorbed by my cost center. Please make your own airline reservations. I look forward to seeing you at the forum. This will be a unique opportunity to get know your counterparts from the wholesale, retail, and broadband segments of Enron, with contingents from the U.S., Canada, England, Australia, and Japan. Sally

Subject: Global Operations Controller Forum

This is the content of an email: Jim, Jose and Andy Here is a comprehensive list of the forums at NERC in which I participate. I will be glad to provide any help in allocating these responsibilites to Jose, Andy or whomever. 1. Market Interface Committee (meets 7 times per year) - appointed seat, is not transferable, will be resigned. Note - my term expires in June 2002 anyway 2. Interchange Subcommittee (meets every 2 months) - Chairman, is not transferable, however, there will be an open position for a marketer which can be filled by Enron, also participate on task groups under this subcommittee, Note - Dynegy has a member, Jason Cox 3. Congestion Management Subcommittee (meets every 2 months) - market rep, transferable, Note - Dynegy has a member, Vann Prater 4. Electronic Scheduling Task Force (meets monthly) - market rep, transferable, Note - Andy Rodriquez already participates as the TISWG Vice Chair 5. Flow Based Task Force - market rep, to be disbanded 6. EPSA-NAERO working group - dealing with the NERC vs EISB issues There are other NERC groups that follow my position as IS Chair and MIC rep which will not need to be filled.

Subject: Charles Yeung NERC Responsibilities

This is the content of an email: Hi Guys? Per our discussion this morning - two further items needed to complete my end of this transition of the weather team: 1) A contact number for The Weather Channel - (770) 226-0000. It's a switchboard number but they do have a dial by name directory - that's how I get anybody I know there. The 2 names: Dr. Steve Lyons and Kevin Stenson. 2) My internet explorer bookmarks can be found at O:/Research/Bennett/Favorites. My understanding is that this is all you guys need from me to complete my part of this transition. Please confirm this - and let me know if/what you still need me to do. To avoid confusion - please respond to everyone on the list above so that we can ensure that HR continues to be in the loop with this effort. Sorry about the confusion but please let me know what further I can do - or if you are satisfied please confirm that there is nothing further that you need. Steve
Subject: Weather Transition (Complete For My Part?)