Subject: "Portfolio/Charter Review".

Body: Guys, can you put together the folllowing Portfolio/Charter Review for Principal Investing and Energy Capital Resources: a) detail existing portfolio - winners/losers; additions/deletions and overall performance; b) detail market conditions in your markets and any strategy changes following; c) anticipated major transactions in 2001; and d) review charter and detail any proposed changes. I would anticipate that we sit down with Rick and Jeff at the end of January - please have package available for my review by mid January. Regards

Subject: "Alumni List".

Body: Does the info as provided from HR indicate MBA's from UT? I know that Enron probably has a number of undergrads from UT. At this point, I am specifically interested in UT MBA's, as it is the Houston Chapter of UT's Graduate Business Network for which I will now serve on the steering committee. Thanks! --Sally

Subject: "Press quote".

Body: The industry quote below is interesting. I have a call in to Bob to ask him to get you key measurements on EOL business to date. --Sally

Subject: "Meeting with the Laguna's over the PCB remediation at C/S 6".

Body:
John, Lou, Cutty, Bill, I want to bring this issue back up for your attention, as I know that everyone is very busy. During the EPA Title V inspection at the Laguna C/S this past week, Barbara Bernacek, the Laguna environmental person was present. She had been asked to be there by the EPA. During our tour of the facility, she casually asked if any progress or decision had been made by Enron management towards remediation assistance in the groundwater issue at the Laguna C/S. I had informed her that we were still actively discussing this issue and would contact her in the near future concerning management's decision. I would appreciate it very much if each of you would revisit my memo below and then lets discuss what should be done and the approach we should take in addressing the Laguna's concern about a proactive approach to reaching cleanup and closure.