Here is an email: I have spoken with Calger about us going through the West Power contracts with his team next Tuesday through Friday. They are gathering an extended set of information (including the items on the current matrix) on their top 25 exposures. The top 25 exposures include the top exposures under Master agreements and in many cases include numerous contracts. Chris said that the 26th exposure was about $10MM and one would need to get to about the 50th exposure to get below $1MM. I asked him to forward down whatever they had completed to date so we could get educated and keep a central file. He is also going to forward a call in number for a conference call tomorrow so we can begin to get educated on the current effort. Lorraine Becker (ext. 31680) will be handling travel arrangements. Please forward your credit card # so she can complete the reservations. (P.S. Piper is getting verification from Bowen regarding travel expenditures.)
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A: West Power
Q: There will be a UBSWE Migration TONIGHT....please make sure that you LOG OFF before you leave today. Monday morning, (2/4/02), you will logon with your Enron NT Account and Password. You will immediately be forced to change your password (following Enron rules) and your NT ID will stay the same. Once you've changed your password, and logged off AGAIN, you will see the UBS Warburg Energy Screen....email will not be affected until day one. Starting Monday, you will receive emails from IT support to explain the HOW TO's for your data that YOU will need to begin transferring over to UBS. All material will need to be in compliance with UBS standards and NO documents or emails are to be deleted. In Outlook the following information will be transferred over by IT: Calendar, Contacts, Tasks, and Notes. Emails (Inbox, Sent Items and Deleted Items) and folder structure will NOT be migrated. ALL data MUST be migrated PRIOR to day one (estimated to be 02/08/02 ), as access to Enron data will be disabled Day 1. Thanks for your immediate help in this matter.
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A: ALERT!!
IN: Dan, Attached are the amendments drafts for the Gas Purchase Agreement and the Gathering Agreement. Revised Exhibit As which include the Caballo area need to be created. Also John Crecink with MTG needs to provide the list of lease in the added reserve areas.

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OUT: MTG Amendments
IN: This is an email
PRIVILEGED AND CONFIDENTIAL Julia The tax issue, as far as I see it does not do anything for us except put us in the position that we will have to make an application for a power marketing certificate using whatever vehicle provides the tax advisors with the solution they are seeking. With Enron under the spotlight at the moment any filing at FERC would be picked up by the media and could be used to cause untold further damage to Enron's credibility and reputation. We could not for example provide any credible reason for setting up such an entity without revealing our true intent. In addition, the FERC Commissioners are going to be wary about expediting any application at the moment for an Enron entity which does not have an interest in a generating unit, for example. As for Clinton Energy Services Management Inc, which has a power marketing certificate, we are getting an opinion from outside Counsel to confirm that if this entity was moved to become a subsidiary of Enron Corp. that because of the current ownership structure no filing will be necessary with FERC. We at least retain this option and can thereby proceed fairly quickly if required. As to trading without a power marketing certificate I could not support this course of action. In addition, we would probably be in breach of any agreement we have with counterparties enabling them to terminate the agreements immediately. If you need me I will be on 713 533 0313. and will be logged on. Marcus

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OUT: PRIVILEGED AND CONFIDENTIAL
QUESTION: Jim, No changes in the schedule. The meeting will take place, as scheduled, on the 6th of December at 9:00 a.m. We may have to cancel lunch with the professors as they have other commitments. The meeting will last about 2 hours. Vince
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ANS: Wharton trip
IN: Everyone should be in the draft room now at basketball.commissioner.com/efba. follow the draft link and go to draft room and click on html draft. I am settin the order right now

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OUT:
DRAFT NOW!