IN: Mary: Enclosed is the form of Enron Guaranty that we would propose using for multi-products. Again, like the counterparty form that I sent around earlier, this form will need to be modified depending upon the products that need to be covered and the parties involved. Please distribute as appropriate to the credit group.

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OUT: Enron Multi-Product Guaranty

IN: Hi Betty - Hope this little note finds you doing well. Didn't we have a wonderful time of fellowship last night.? Claudette had such a fresh anointing on her. She spoke so beautifully.

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OUT: FYI

IN: Pete, I'm getting comments that people are having trouble opening the ABB docs. Please send the docs directly to: david.onunscheck@us.abb.com and michael.o. sandridge@us.abb.com, and fred.mitro@enron.com. Thanks,

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OUT: agreement

IN: Mark and I met with Mark Haedicke regarding utilities and the need for a legal opinion from the utility counterparty. We have agreed with Mark as follows: 1. Our negotiations with investor owned utilities should be based upon our standard ISDA Schedule (ISDA Multicurrency Agreement) AND including the "Additional Termination Event". Neither party should be required to provide a legal opinion. 2. Investor owned utilites will be approved for online trading from a legal viewpoint. The extra "Additional Termination Event" paragraph is not currently included in the GTC's but COULD be incorporated if there is a revision to the online agreement. 3. Our position with respect to municipals/municipal owned utilities, federal/state/local owned utilities and cooperatives remains unchanged. We should still utilize and update the "municipal ISDA" form, and, require a legal opinion from the counterparty. In that regard, Susan Flynn has been working on an "omnibus" format for an electric co-op (Deseret Generation and Transmission Co-operative), an earlier version of which could be used as a template for a municipal omnibus confirmation.

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OUT:
Utilities (investor owned)