Subject: "List of Reviewers".

Body: I sent three names to you for my reviewers. Laura Wente, Mark Whitt, Gerald Nemec. You may want to add someone from the desk - your discretion. Thanks

Subject: "Contract sale idea".

Body: Over $50mm listed below. I think Sempra or one of the producers would have interest in buying these contracts (obviously with a haircut) I will wait to hear from you how to move forward. Thanks CntrParty_NM CG_NM MTM Newark Group Inc., The CA-PG&E 10,229,801 Sutter Health System Procurement CA-PG&E 8,626,295 Tissurama Industries, Inc. CA-SOCAL Gas 4,600,862 Lockheed Martin Corporation CA-PG&E 4,451,494 Nissin Foods (USA) Co., Inc. CA-SOCAL Gas 4,204,934 Castaic Clay Manufacturing Co. CA-SOCAL Gas 4,049,547 Chroma Systems Partners CA-SOCAL Gas 3,926,683 Bay City Flower Co, Inc. CA-PG&E 3,361,741 Paradise Textile Corp. CA-SOCAL Gas 3,235,771 U.S. Dyeing & Finishing, Inc. CA-SOCAL Gas 3,076,664 Huntington Memorial Hospital CA-SOCAL Gas 2,957,537

Subject: "Idacorp".

Body: Rod and Brant: I finally received their revised draft of the Schedules. They are still insisting on an Additional Termination Event that gets triggered if there is a MAC. As defined, MAC means a rating that is below BBB- OR Baa3 or failure to have a rating from either S&P OR Moody's. I need your guidance on this. MAC as defined in the CSA which triggers the threshold going to zero works the same way. I seem to recall that from a credit standpoint, we were okay with a MAC that would be triggered if either rating fell. Is that correct? Carol

Subject: "Enron Elves".

Body:
Hello all! First, thank you for your generosity this holiday season, especially during this difficult time. Your gifts and donations will help bring holiday cheer into the lives of our three adopted families. If you have chosen a gift tag from the tree: Please make sure your gift is clearly labeled with the recipient's name and a description of the gift. (We want to insure that all of the children have received gifts.) We ask that all gifts be wrapped and under the tree by Tuesday, December 18th. Also, if you have not already dropped the half of the gift tag into the red/gold box by the tree, please do so. This will not only allow us to keep track of who is purchasing what and for whom, but it will also enter your name into the drawing for Blazer tickets. Once again, we appreciate your participation in our Enron Elves Event. If you have any questions or suggestions about ways we can help make our adopted families' holiday even more jolly, please let us know. Happy Holidays!