IN: This is an email
You have many questions about how the bankruptcy will affect you personally. The HR team is endeavoring to answer these questions. Due to simple logistics, answering each question individually is very difficult. We are working to solve this issue by compiling answers to the important questions concerning employee benefits, expense payments and so on. Answers to the most frequently-asked questions will be posted on the corporate website at www.enron.com. Click on Information for Enron Alumni Affected by Chapter 11 Filing </corp/alumni/> . These Q&A Facts are regularly updated as soon as accurate and factual information is received. In addition, we will have updates on 1-800-97-ENRON. (Option 9) If you have questions that have not been answered, please submit them to the following email address: questions@enron.com A team of people will be answering these questions and posting answers on the above sites as soon as possible. The HR team will also be posting initial Q&A's within the next few days on www.home.enron.com for our current, retained employees. Thank you for your patience as we work through the complexities of the situation. Julie Kearney 503) 464-7404 julie.kearney@enron.com

What is the subject?

OUT: Q&A Process

IN: This is an email
As you may know by now, the media learned of the employee meeting that was planned for next Wednesday, January 23 at the Hyatt. To protect the privacy of our employees, we have chosen to cancel the meeting. As an alternative to the Hyatt, we are looking at space options within our building. This will require that we hold several, smaller group meetings, but will help to ensure our employees privacy and safety. We are currently working through logistics and hope to coordinate these meetings rather quickly. We are continuing to compile a presentation for the meetings. It would provide an overview of our current situation, including a timeline of the bankruptcy process and other major challenges we must overcome. It would further explain the NetCo agreement and its impact on Enron's ongoing business. And finally, it would outline Enron's organizational structure and strategy going forward. I will be back in touch soon with further details on the rescheduled meetings. Regards,

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OUT: Employee Meeting

IN: This is an email
Vince, I was thinking that max (negative) potential exposure for different counterparties could occur for different scenarios and so combining max potential exposure across counterparties may overstate cash needs. If overall scenario for overall max (negative) potential exposure is considered, then we will pick up some high exposures and some low exposures, which may be fine. Alternately, why not tweak the potential exposure program to do deterministic shifts of one sigma and two sigma and assuming one factor model and perfect correlation across commodities. Then the negative mtm values can be compared to collateral already outstanding. This method does not guarantee that we will get large exposures, but is easy to explain. Another thing to check with Winston is that the program does not automatically zero out negative exposures. If it does, then we may have to flip the sign for all positions, get the exposures, then flip back the sign. Then compare to collateral outstanding. Vasant

What is the subject?

OUT:
Cash needs