IN: Team: Please find the attached presentation for your meeting today with respect to Waha assets and ongoing discussions with Sid Richardson. Our group is ready to provide any support/info you need with respect to assessing the value of this concept to Enron vs. other options. Regards,

Generate a subject line.

OUT: Waha HubCo

IN: On the 8th TP2 sold VNG 10,000 dth at st 65. This volume was entered on deal 760980, which is a VNG buy from Gulf 1. I took the volume on this deal to 0 for the 8th and created deal 780794 (VNG buy from TP2 at St 65). Please make a note in you files. Meredith, you will need to repath these deals on the 8th. Thanks

Generate a subject line.

OUT: Trco VNG for the 8th

IN: Here's what they suggested (yes I'm working, I can do two things at once) There is a rule of halves - you can give half to your kids, you get medicaid when the retained half runs out. There is probably a time period you can do this. Kay

Generate a subject line.

OUT: Tips for seniors to avoid medicaid draining your assets - from the Today Show

IN: John: I was reviewing an amendment that Susan bailey was working on concerning the ISDA Master between ECC and Petro Canada and wanted to make sure that you were comfortable leaving as is the following provisions that are in the Schedules: 1. They have amended the definition of Specified Indebtedness. I'm not sure I understand why if we have a threshold amount they need the first part of the language and wanted your thoughts on this. Alos, does the second part of the language need to be updated or revised in any manner? 2. They have deleted the concept of Credit event Upon Merger. 3. They have added to Specified Transaction a Physical Master Agreement which makes this part of the cross default to specified transaction Event of Default trigger. Should we specify a threshold? 4. They have added an additional termination event that contains some unusual ratings triggers. For example, are we rated by the 2 bond rating services that they describe, and if not, doesn't that trigger clause (2) of this additional Termination Event? I don;'t think the cure language works and I don't understand how it works with the collateral threshold since the trigger for that to go to zero is something else. 5. I'll just note that setoff rights do not currently apply if there is a Termination Event that is caused by Tax Event or Tax Event Upon Merger. 6. In the CSA, we have permitted cash and government securities which I think is problematic given our general rule in Canada that we only take LC's. 7. There is a Minimum Transfer Amount of $500,000. Please call me when convenient to discuss further. Carol

Generate a subject line.

OUT:
Petro Canada