IN: This is an email
Ike, given our schedules, it appears that e-mail may be the most effective communication tool. I thought I would just follow up on progress being made in TVA on our settlement process. As well, I understand that there has been a number of communications between TVA and Enron on the NoxTech emissions business. I have encouraged the Enron folks to pursue this opportunity with TVA given the larger dialogue. The Enron team has told me that TVA wishes to move to firm pricing and a MOU on this technology. Given the larger dialogue, I have suggested to our team to hold tight on completing the agreement until both TVA and Enron have a view on where the overall settlement discussions are going. Please give me a call at your earliest convenience. Regards

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OUT: Various

IN: This is an email
<<MF September 6th 2001.pdf>> Good Thursday Morning - Comments From The Local Guys! This morning, the non-manufacturing National Association of Purchasing Managers (NAPM) unexpectedly fell to 45.5 in August from 48.9 in July. New Orders fell to 45.9 from 48.6 (note that this component is not seasonally adjusted). The services that reported the most negative environment, according to this survey, were: communications, real estate and construction. Blending these data with the manufacturing NAPM, the total economy NAPM dropped to 46.0 from 47.8 in July. Tomorrow the Labor Department releases the employment data for August. Lehman Brothers expects a payroll gain of 28,000 new jobs in the non-farm sector. The 30 -year bond yield is 5.40%.

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OUT: The Morning Market Call - Thursday September 6th, 2001.

IN: This is an email
Please note the following addition to the credit reserve: Counterpary: El Paso Merchant Energy, L.P. Enron Entity: EPMI Deal#: 750378 Deal Date: 8/27/01 Term: 1/1/11 to 12/31/12 Deal Type: 25MW/h, on-peak, EPMI sale Marketer: Matt Motley Reserve Amount: $20,000.00 RAC - Confirmed under Master Power Purchase and Sale Agreement dated 3/1/01. Please let me know if you should have any questions on the above. Rgds,

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OUT:
Credit Reserve - El Paso Merchant Energy, L.P.