This is the content of an email: We have received the following executed Master Agreement: NOTE: This master appears to have been signed in 1996 and didn't make its way down to Houston until now. Type of Contract: Master Agreement (ECT Canada Form) Effective Date: 06/16/95 Executed Date: 06/24/96 Enron Entity: Enron Capital and Trade Resources Canada Corp., now known as Enron Canada Corp. Counterparty: Originally, NOVAGAS CLEARINGHOUSE LIMITED PARTNERSHIP, now through name changes and merger, DYNEGY CANADA INC. Transactions Covered: Energy price swaps or option transactions only (no pulp & paper, weather, interest rate & currency or FX) GLOBAL CONTRACTS: We need to get this master inputted immediately into the EnronOnline System so all of the confirmations for ENA and ECC will immediately roll up under this master. CONFIRM DESK: Please immediately start rolling up all the ENA and ECC trades under this master, whether online, offline, or brokered trades.

Subject: Dynegy Canada Inc.

This is the content of an email: Ed: Rudwell and I would like to talk to you about the form of Trade Guaranty Agreement that has been sent to us. Specifically, we need some clarification on how Section 5 works since some new language has been added to the June 1, 1999 form that we received. Please call me at your convenience to discuss this.

Subject: Trade Guaranty Agreement

This is the content of an email: Dave: One item that was left open after my meeting with Mark D. this morning was what the Index should look like and how much input we have had from the confirm desk. My inclination was that the index should be the same language that we currently use in the confirmation on the theory that the GTC taken together with the long description should result in a complete, unambiguous contract. Mark felt that the index should provide a more complete description than the short description abbreviation but that the full legal text could wait for the paper confirm. Given Mark's view as to how this field should be dealt with, it may be that the confirm desk has in fact looked at all of these and said they look fine as far as they go and has not attempted to correct them with the full legal language. Mark said he would be contacting you himself but I thought it might make sense to give you my version as well. What are your thoughts? If you'd like to discuss, I will be in by 9:00 tomorrow but have a meeting at 10 and then the meeting with all of the lawyers and Mark to discuss the further long description review at 11. Mark

Subject: Long Descriptions - Indexes

This is the content of an email: Dear Sir's Vessel sailed from Algeciras 2nd. 0600lt (0400utc) Eta Port Said 6th. 1600hrs. lt. Statement of fact - Algeciras. 30th. Apr. 0542lt: Voyage interrupted. ROB Fo 2893mt. Go 153mt. 0730lt: Drop anchor OPL Algeciras. 0750lt: Well anchored, FWE. 0858lt: Bunkerbarge "V.B.Veronica" alongside. 0954lt: Bunkerbarge, all fast. 1036lt: Bunkerhose connected. 1130lt: Commence bunkering HFO. 1806lt: Compl. bunkering, rec. 2300mt. 1835lt: Bunker hose off. 1930lt: Bunkerbarge off. 02nd. May 0420lt: Engine tested. 0423lt: Commence heaving on anchor. 0435lt: Anchor aweight. 0600lt: Cont. sea voyage. ROB Fo 5173mt. Go 128mt. Brgds Oe. Hansen Master E-mail: master.gall@hoegh.no Teleph: Inmarsat tel.no.+874 330853910 Fax : Inmarsat fax no.+874 330853913 Telex : Inmarsat B telex no.+584 330853915 Telex : Inmarsat C telex no.+584 430853910 (24hrs.watch)
Subject: DEPARTURE MSG.