QUESTION: My friends, It is with some regret that I must tell you that I am leaving EBS & Enron as of Aug. 15th. I have learned a lot during my long tenure at EBS. Admittedly, some of what I've learned is how not to start a business; but I've also learned numerous positives around teamwork, management, setting goals, and defining new product markets. All in all, I have definitely come out of the experience enriched. What I regret the most is having to leave all of you. I believe very strongly in the role of good people in achieving greatness. And I have worked with some very brilliant, creative people while at EBS. All of you have, in one way or another, enriched my life and work. I really appreciate that. If I had a single wish before I left, I would like for Enron to better understand that to achieve greatness as a company, it is not sufficient to "will" it to occur. At a minimum, it requires the right people, with the right skills, and the right knowledge, in the right area, and at the right time. The key emphasis here is people. People can't guarantee success; but they are a necessary prerequisite. I will continue to be available till the 15th to transition any projects, knowledge, or whatever people need. And after the 15th, I will be around from time-to-time on a consulting basis with various Enron groups. My current plan is to stay in the Houston area for the foreseeable future, primarily consulting and working with various organizations to support entrepreneurship in the area. Please feel free to contact me at any time to talk on any topic. I'll leave you with one of my favorite quotes: "We cannot direct the wind, but we can adjust the sails" Thank you.
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ANS: Closing Remarks

QUESTION: Tom, I received an e-mail from Linda Carter asking about certification. I assume you will get a schedule tonight at the meeting. She was asking about David, her son, being certified this year. The way I read the new rule, is that you have to be 19 to be certified. I told her I would ask you to ask about that new rule at the meeting tonight to be sure we understand it. It is posted on their website www.nwal.org . Lyne
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ANS: NWAL Meeting

QUESTION: Here is the draft letter agreement. We are still discussing it with ECS and can make whatever changes are appropriate. Note that the letter agreement ties back to Article 6 of the Compression Services Agreement. That article, you may recall, is where ECS agreed to create a computerized system that would monitor Continental Divide's electric system utilization and warn when their system peaks were occurring and then automatically take the compressor offline (subject to manual override) so we and ECS could avoid peak period demand charges. Instead of creating such a system, which apparently turned out to be mostly a manual system anyway, ECS is going to pay us a monthly fee to monitor CD's system peaks ourselves and decide when we need to get off line. The load management service has to do with operational management of the load we place on CD's electric system, and is not a jurisdictional gas transportation or storage service. Note that the service goes on for 10 years (as required by the accountants' 10 year amortization rule) and thus may be vulnerable to scrutiny and potential revenue crediting in TW's 2007 rate case. Any way to avoid that? DF
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ANS:
TW Letter Agreement