This is the content of an email: It is the intent of the Office of the Chairman to maintain a high quality flow of Analysts and Associates rotating through Enron North America as well as provide them with up to date information on all the potential rotations in ENA. Additionally, we would like to provide the ENA AA's a forum for your respective groups to promote your business unit as a viable alternative in the rotation process. I need your assistance for this endeavor and want your respective business unit to participate in the process by delivering an informal presentation to the AA group which should include the following: Your business unit's current activities, purpose and interfaces with other departments Recent successes and current projects Ideas on the horizon Opportunities in your business unit for AA's The benifits of rotation in your business unit An open Q&A session These presentations should be informal and it is not necessary to have handouts. The goal is to provide an open forum for the AA's and to have them ask questions about each business unit. Also, bringing one of your current AA's with you to provide their insight might help stimulate discussion. Ted Bland will be contacting you to schedule your business unit for a presentation. The first "brownbag" will take place September 8 between 12:00pm and 1:00pm in Room 30 C1. Dave

Subject: ENA Analyst and Associate "Brownbag" Presentations

This is the content of an email: Paul: Here's additional info for the "curtailment" data that we're pulling together. Utility Pricing for Core Gas Customers Prior to the month in question, the utility forecasts gas prices based on NYMEX monthly prices. So for example, based on November's forecast, the utility sets prices to be charged to core consumers in December. When December's over, the utility compares forecast prices with actual prices. If the forecast was too low, and there's an undercollection, the utility will increase January's price forecast by "just enough" to make up for the December undercollection. If prices were too high and there's an overcollection, the utility will reduce January price forecast by just enough to refund the overcollection. If the overcollection/undercollection is very large, the utilities have generally spread out the "true-up" over several months to avoid "rate shock" one way or the other. However, under the current circumstances, the utilities may be less willing to spread it out, and may wish to recover the entire undercollection in the following month. In short, there's at least a one-month lag in customer prices to account for differences in forecasts versus actual.

Subject: Pricing for CA IOU's Core Gas Customers

This is the content of an email: Hi Jeff. I am Mike's brother, Ronnie, living in San Diego and a member of the San Diego Chapter of YPO. With all the propaganda being spread about the electricity and energy crisis we are experiencing here in California, I thought it would be worthwhile to invite you to town to give us an insider's view on what is really going on (aka, the "truth"). Is there anyway you can find time in your busy schedule to visit us over dinner with a short talk and a question and answer period. The sooner the better. I will schedule a "special" meeting of our chapter to accommodate any dates that work for you. I look forward to hearing from you.

Subject: San Diego Invite

This is the content of an email: Hi Carlos, I'm back in DC, at the Willard, so I'm thinking of you. We (the commercial leads and I) will be in Richmond tomorrow for negotiations, then back tomorrow night at the Willard. I hope things are ok for you. I know it is probably stressful. Hang in there. Kay
Subject: Hello from the Willard