Problem: BODY: Elizabeth: Now that the Federal Estate Tax Return has been filed, you should think about making a substantial distribution from the Trust to the individual trust accounts for you and your siblings. Some funds should be held back in case of an audit of the Return. I think $100,000 would be a safe number to keep in the account. I called the Virginia attorney and left a message for him. I hope he has gotten the Estate opened by now. How have you progressed with getting the IRA distributed. Please give me an update. Ellen H. Arthur Hodes, Ulman, Pessin & Katz, PA 901 Dulaney Valley Road, Suite 400 Towson, MD 21204 (410)769-6146 NOTICE: The information contained in this electronic mail transmission is intended by Hodes, Ulman, Pessin & Katz, P.A. for the use of the named individual or entity to which it is directed and may contain information that is privileged or otherwise confidential. It is not intended for transmission to, or receipt by, anyone other than the named addressee (or a person authorized to deliver it to the named addressee). It should not be copied or forwarded to any unauthorized persons. If you have received this electronic mail transmission in error, please delete it from your system without copying or forwarding it, and notify the sender of the error by reply email or by calling Hodes, Ulman, Pessin & Katz, P.A. at (410) 938-8800 or 1-800-276-0806 so that our address record can be corrected.
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A: SUBJECT: Estate of Joan Sager

Problem: BODY: I've got one more deal that Houston says they haven't received a signed confirm letter for - 420529. Stephanie Piwetz says she spoke to Grant County and they said they already sent out that one and 432854, but haven't received them back from us......???? Do you know where they are? Kate (From 2/26/01) Just something to keep in mind - The confirms group in Houston is waiting on signed confirm letters from Grant County for the following three deals - 432854 420554 420563 I've let Stephanie Piwetz and Sharen Cason know that you'll forward the letters on to them once you receive them. Or you can give them to me and I'll fax them over. Keep me posted on the progress. Thanks,
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A: SUBJECT: Confirm Letters - Grant County

Problem: BODY: Today's mail brought the following news: 1. Metropolitan Water District: MWD has terminated Deal Nos. 790056.01 and 807275.01, effective December 12, 2001. There are two other one-month deals, one beginning in February and one in March. I am confirming with MWD that they intend to terminate those as well, as is required under the WSPP agreement. 2. City of Vernon: City of Vernon has terminated all deals effective December 27, 2001. 3. WAPA is retaining monies due Enron for post-November 30 deliveries while WAPA "assess[es its] set-off rights under the Bankruptcy Code and other applicable law." 4. City of Luzenac has suspended deliveries until January 15, 2002. 5. City of Burbank has terminated all transactions immediately.
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A:
SUBJECT: West Power Counterparty Update: 12/31/01