IN: Mark - Just a few quick notes from yesterday's staff meeting (items you should know about): Enron Direct - Appears to be really ramping up. Currently using TaletTree and Saliens (sp?) (temp/consulting agencies) for sales personnel to lower end of mkt. Goal by 10/15 to have all commodity/tariff curves in EES database Looking to also load customer profile information for approx. 22K customers In sync with Canadian efforts and looking at Toronto as a bigger mkt than Calgary Beth pointed out Corp. contractual commitment to Ernst & Young of $60MM annually and suggestion to consider them for consulting services. Currently Corp. spend is approx. $40MM annually. Pipeling software products - Have contract with Luminent for marketing Enron gets 100% of license fees and continues to own products (including all enhancements) Luminent gets opportunity to do all integration Product price is $500,000 Jay indicated Kiodex transaction data fee is up and ready for operation. Waiting for Kiodex to be ready to go live. The Kiodex product will appear as a "Risk Report" button inside of EOL. Mention was made of the "layoffs" in Europe, but Greg indicated it may not be much of an impact on ENW personnel presuming the level of support for existing businesses remains constant. Nothing else in particular was discussed. Tom and I did have an opportunity to speak about some CommodityLogic items subsequent to the staff meeting. His big concern remains the speed with which we are able to produce amendment documents for counterparties, especially in light of the fact that Greg now wants weekly reports on the progress of these amendments - from Tom. I worked with Brent, Bob and Kathryn Cordes yesterday on a possible short term solution that may at least enable the CommodityLogic marketing personnel to put a base amendment form (not to be signed) in front of counterparties. The base amendment form would clearly indicate that additional information was necessary before an agreement was reached. This would be followed up by the actual "guts" of the legal confirm language. Please let me know if you have any questions or need anything else. Mark

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OUT: Staff Meeting 10/4

IN: I will be in the Calgary office from Wednesday afternoon, May 10 through noon on Friday, May 12. I can most easily be reached through Peggy Hedstrom, whose phone via tie line is 820-6753. My assistant, Patti Thompson, has a copy of my itinerary and phone and fax numbers at my hotel, if needed. Primary operations contacts in Houston while I am in Calgary are as follows: DPR Mike Moscoso x35242 MPR David Maxwell x36983 Gas Operations Susan Harrison x33960 Power Operations Leslie Reeves x37962 Financial Products Sheila Glover x33210

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OUT: Trip to Calgary Office - May 10-12

IN: Lots of fun stuff coming up in the Heights: 1. 19th Street Holiday Open House is this Friday December 7th from 6-10. The Merchants invite you to come and have a bit of "its a wonderful life/meets the Hood". Carriage rides , entertainment, live music, giant puppets , Santa and tons of the city's finest and wildest gifts and decorations for your perusal. 2. Lights in the Heights is this Saturday - December 8th 6-9 p.m LOCATION: Bayland and Omar Streets NEW THIS YEAR: The streets will be blocked by barricades and police. Lights in the Heights is scheduled for December 8, 2001. This year the streets are Bayland and Omar and for the first time ever, will be closed to motorized vehicles (with the exception of Santa Claus, hayrides and carriage rides). Since the streets will be blocked beginning at 6 p.m., please make sure that your guests are aware of this. Alternate parking is available at Hogg Middle School, Travis Elementary and various churches in the neighborhood. Additionally, be mindful of not parking in front of fire hydrants or blocking driveways, when securing a parking spot. Have a good weekend!

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OUT: busy weekend in the Heights!

IN: There is a 25 mw heavy load schedule that BPA is generating (contract# 23299) and PGE sinks at system. The schedule is going real-time because BPA transmission group did not build the proper account for this path. We bought from BPA Deal # 308337.1 and sold to EPME Deal # 489735.1. Please refer to EPME tag number #10416. I spoke with Matt at BPA Power side who agreed this was a good schedule. Be sure to call everyone in the path to check out. Thanks,

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OUT:
MIDC SCHEDULE GOING REAL-TIME 6/20/01