Here is an email: =09 =09 Dear Vincent, I'm Washington Bureau Chief Peter Cook filling i= n for Jay Rickerts. In Washington, we'll continue to examine the major en= ergy issues expected to arise during the New Year. We'll take a look at wh= at Congress will do with comprehensive energy and electricity legislation. = Our Washington bureau will also follow the FERC and its push for regional = transmission organizations and wholesale competition. These are some of t= he issues we'll look at as 2002 begins. On Wednesday, energy consultant a= nd former Assistant Secretary of Energy during the Clinton Administration R= obert Gee will join us in the Washington bureau. He'll give us his take on= the U.S. relationship with OPEC and we'll get his assessment on the start = of retail competition in Texas. Gee will join us during the noon ET newsca= st on Wednesday. The big switch is coming to Houston - On Wednesday we'll= bring you a report on deregulation starting in Texas on January 1. The Ho= uston bureau will have details on how the power grid reacted to the switch,= and get an update from retail electricity providers. Also from Houston= , John S. Herold, Inc. CEO Arthur Smith says upcoming earnings releases may= hold some unwanted surprises. He'll join us from Houston on Wednesday to d= iscuss his company's research report and what we can look forward to in 200= 2. Catch these reports from the Houston bureau on Wednesday. Closing= Prices for Monday, Dec. 31, 2001 Crude: $19.84/bbl -$0.57 Unleaded: $= 0.5725/gallon -$0.0157 Heating Oil: $0.5507/gallon -$0.0158 Gas: $2.570= /mmBtu -$0.204 Scheduling Note: We're dark on New Year's Day. We'll see = you Wednesday at 9:00 a.m. ET. Thanks for making this a great first year a= t EnergyNewsLive - Have a Happy New Year! Keep in mind things are subje= ct to change at a moment's notice. Occasionally guests have to reschedule o= r change time slots. We'll continue to do our best to keep you updated on = future interviews and events. Be sure to watch our newscasts every busi= ness day - 9 a.m. to 5 p.m. ET, at the top of each hour. =09 =09=09=09=09 =09=09=09=09=09=09 =09 =09 =09Peter Cook, EnergyNewsLive.com Washington Bureau Chief View today's= Energy Wrap Video Windows Media Player: 56K | 100K | 300K Real Player: = 56K | 100K | 300K (Requires Windows Media Player or Real Player ) Expe= rience all that Williams Energy News Live has to offer! If you are receiv= ing this letter for the first time and wish to continue, subscribe now T= o stop receiving this letter, unsubscribe now If you are having trouble = receiving this e-mail, please let us know or call (800) WILLIAMS (800-945=
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A: Williams Energy News Live -- today's video newscast
Q: Please see the following: I did not put "Draft" on this as I thought they might be ready to execute. Please let me know if you have any questions. Dp
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A: ABB Alstom GISB
IN: Marisa, Rafael, and Darryl, Based on Darryl and my discussions with Rafael earlier this week, the accounting treatment for Modesto Maranzana plant and the associated gas and power contracts will be changed from MTM to accrual effective with December accounting. Changes PPA Amortization and Depreciation - Marisa We need to adjust the PPA amortization and depreciation ytd balances. PPA amortization - the actual amount of the purchase price allocated to the contracts was different from the $2,220,219 used in the MTM model. Depreciation - I know the salvage value in the model $10,000,000 USD after 5 years is different and I think you were using a longer useful life. Marisa, please calculate the impact of these changes and let Rafael, Darryl, and myself know. MTM Reversal - Martha & Darryl The net impact of reversal the MTM will be a gain of approximately $978,000. This is the reversal of the forward value recorded for the PPA's and plant as of November 30, 2001. Effective today, I will stop including the positions in the feeds to RistRAC. Interest - Martha Still waiting to see if we reserve the historial amounts. The impact on 0502 books is zero as the expense and revenue was booked to the same account just different profit / cost centers. The income was booked to Modesto Capital Charge 27244 / 150407 which was supposed to roll up to the Office of the Chair for Lavo. Left Georgeanne Hodges a message on the subject. If you think of any I forgot to mention, please let us know. Martha

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OUT: Accounting Treatment Change from MTM to Accrual for Modesto Maranzana power plant and associated contracts
IN: This is an email
As soon as I hit the "send" button I recalled another issue. Enron does not want the LLC used for anything other than the acquistion/disposition/adminstration of the equipment. Other development activities should be conducted in another entity, at least so long as Enron has an ownership interest. I'm going to double check this, as it seems the LOI is fairly specific on this point.

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OUT: More comments
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ANS: WARNING: Your mailbox is approaching the size limit
IN: Please read the attached. This is one of my friends from the "B" group. She is a free-lance writer for several magazines. Do you know of anyone she could interview? What not you?

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OUT:
Help!