Subject: "Organizational Announcement - revised comments".

Body: Jeff, Below is an email from John. Please let me know how to respond. I know yo= u=20 guys talked about this. Thor was in the loop here wasn't he? I know we to= ok=20 out the Thor reporting piece but in reality they do report up through him. = =20 How many people do we expect in London? John and I did talk about this and= I=20 didn't really think of it lately. Mike

Subject: "SAP Security Mailbox functional again".

Body: The technical difficulties with the SAP Security email box have been resolved. You may once again follow the normal submission process as noted in the instructions for the SAP Security Request Form and the IBuyit eProcurement Request Form. If you submitted a request for security during the week of July 16-20 and have NOT received a notification of it's receipt, please resubmit the form. We can not be certain that all mail directed to the box during this period was actually received. We apologize for any inconvenience that this may have caused you.

Subject: "Contract".

Body: Hi Mike, Sorry I missed you when you returned by call this am. I have some concerns about the voice mail you left re: assignment language. Enron can't stay on the hook for payment if the agreement is assigned, as this would bust the financing/accounting arrangement. What we have tried to do to meet your concerns is to see that ABB has a contract with a party which is as financially sound as Enron by adding the guaranty language. This addresses ABB's request that the party with the payment obligation have the "financial wherewithall" to make the payments. This is a big change from where we were in the last contract. I've had a request to get an approximate storage cost (monthly) for budgetary purposes. This is in connection with the buy back arrangement. Can you give me a guesstimate? Thanks,

Subject: "Logistics Commercial Realignment".

Body:
After a careful review of the wholesale and retail gas trading and scheduling process it has been decided that the Gas Logistics teams should report directly into the Enron America's Commercial organization. This realignment will help to strengthen the commercial focus and communication between the trading desks and the schedulers and will play a critical role as Enron tries to maximize opportunities and maintain a competitive trading edge. The details are as follows: Wholesale Bob Superty will maintain his management of the Logistics support functions which include the Transport Rate team (Kim Olinger), Electronic Commerce team (Tammy Lee-Jaquet) and Regulatory Affairs teams (Suzanne Calcagno). In addition, Bob will now manage the Northeast Logistics team as part of the East desk. Bob will report directly to Scott Neal and will also help coordinate the Logistics function across all regions working closely with each of the regional Logistics Managers, Commercial desk heads and Enron Americas senior management team. Victor LaMadrid will manage the Southeast Logistics team and will report directly to Scott Neal. Victor's knowledge and overall east desk experience will be critical to help maximize east desk opportunities and promote new initiatives across all regions. Lisa Kinsey will manage the Central Logistics team and will report directly to Hunter Shively. Patti Sullivan will manage the West Logistics team and will report directly to Mike Grigsby. Darren Farmer will manage the Texas Logistics team and will report directly to Tom Martin George Smith will manage the Well Head Logistics team and will report directly to Fred Lagrasta. Retail Donna Greif will now report directly to Don Black. Each of the regional Logistics Managers (East - Marde Driscoll-Ernest, Central - Charlie Muzzy, West - Sabra Dinari) will continue to report directly to Donna. Donna will continue her ongoing efforts in the development and integration of the new retail trading systems, prior period adjustments and development of a strong and talented Logistics team. Congratulations to all involved and welcome to the commercial gas team - John Lavorato, President and CEO, Enron Americas.