Subject: "Kinder/Morgan PRM Structure".

Body: The meeting Don and I had with Kinder/Morgan to discuss his Price Risk Management Product went really well. We met with Park Schaper (CFO), Anthony Lannie (President of Power Group) and Jay Hopper (VP and General Manager) was on the phone from Denver. They were very interested with regards to potentially replacing long term tolling agreements with this product. Enron could provide a five year toll and the product would begin in the sixth year through year 15 or 20. We talked very little about their existing projects; Little Rock and Michigan. They do have all the permits for the Little Rock site and are moving forward with the Michigan site and still do not have any tolling agreements in place for those projects. The ball is currently in their court and were going to get back with Scot with respects to the projects and with Tom on the PRM Product. Please let me know if you have any questions with this matter. Thanks! Ben

Subject: "??".

Body: Sorry you weren't able to join my hunting boondoggle in SoDak! It was epic. Lots of birds (the wild variety, not pen raised and tied down like at Pheasant Haven!) We saw literally 1500-2000 birds over three days of hunting, and limited out every day. Got my first double--two shots, two

Subject: "Counterparty Approval List for 5/4/00".

Body: Sorry for my hold up on this list. I had an issue with the division/dba approvals that I needed to resolve with Dave Forster and Mark Taylor. We will be issuing a policy (as soon as I draft it) about how to deal with divisions/dba's in the future. For this Koch counterparty: Per my conversation with Stephanie, I am provisionally approving this counterparty only with understanding that the online trading account name gets amended to read as follows: Koch Industries, Inc., acting through its Koch Hydrocarbon Company Division. If the counterparty will not agree to this name change on its account let me know, I will talk to the Koch lawyer. (FYI, this is the way we styled the ISDA Master Agreement, at the direction of the Koch lawyer.)

Subject: "Favor".

Body:
Hi Jeff, Hope you are doing well. Got your email from Scott. I'm hoping you can do me a favor. We are doing a research project for a client and are trying to identify key technical management at a variety of companies, including Enron. Specifically, we are looking for names and addresses of the following: CIO/CTO VP, Directors and/or Sr. Managers responsible for the company's network. They'll typically have titles like VP of Network Operations and Senior Network Architect. Any chance you can get me this info for Enron? I'd be forever in your debt. thanks,