Here is an email: Attached please find the referenced list. Since all the counterparties are amended counterparties, my changes are as follows: 1. Statoil - no change in earlier approvals 2. Texla - I don't think it's a change, but they cannot trade US power, also there is no change for financial, I previously said and we continue not to trade financial. 3. Avista Corporation- Washington Water Power Division. For financial trading for Avista Corporation I previously said no financial trading. I am going to open them up for all financial trading. They can trade under the Avista Corporation name, or they can trade as Avista Corporation, acting through its Washington Water Power Division. For power trading, they can trade all US West power products, but can Enron can only sell to Avista for US East power products. Again, no European power for US counterparties until further notice.
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A: Counterparty Approval List for 02/09/00
Q: Karolina and Rod: This swap has ended up on my desk! Imagine that. This transaction ought to be booked between RMT and ETOL. The existing ISDA Master Agreement from December 31, 1998 is between Enron Capital & Trade Resources Corp. and ETOL. We need to create an RMT/ETOL ISDA Master Agreement for this 3-year rate swap. Is ETOL prohibited from entering into swaps with other parties, such as RMT (under the terms of the lending documents)? Please bring me up to date. Thanks.
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A: Enron Teeside Operating Limited ("ETOL") 3-year rate swap with Enron North America Corp.
IN: As requested at the meeting, the last couple years of history of our ethane content has been analyzed. The data provided by Denis Alters were for four locations: Perry from the West Leg side, Perry from the old or East Leg Side, Brooker (East Leg) and West Palm Beach. The table below shows the percent of the time the ethane content was above a given percentage at each of the locations. For example, at Brooker, the ethane content was greater than ( > ) 3% about 25% of the time. On the East leg, the ethane content has been greater than 2% all of the time. On the West Leg side, it has been over 2% about 44% of the time, over 3% about 17% and almost never over 4%. Basically, the West Leg runs about 1.5 to around 2% when all the Destin and Mobile Bay processing is operating. Even last winter, when running processing plants was not economical, the West Leg gas exceeded 4% only one day. If you look at the plot below (I hope it comes thru), you can see that thru July of this year, the West Leg ethane content had not returned to the levels seen prior to the gas price spike last year. This is consistent with the Btu analyses on Mobile Bay. Apparently they have the ability to reduce the level of ethane removal when iethane is more valuable as pipeline gas than as a chemical feedstock and are therefore have been leaving more in the gas this year than last.

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OUT: Ethane Content Various Locations July 99 thur July 01
IN: This is an email
The Extreme VaR functionality is now operational on the RaC website. The testing phase is completed, but ongoing calibration and fine-tuning will continue. Extreme VaR represents a complement to Regular VaR, but concentrates on the Extreme Tail regions. The default shown on the screen is at 99.7%. It can easily be set up for any portfolio of interest and at a user-specified confidence level. The following document summarizes the procedure to invoke it from your websites. Let me know if you have any questions. Naveen Andrews (58668).

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OUT: Extreme VaR
QUESTION: Jarrod: attached is language which should be added to all paper and pulp omnibus confirms (and Bob has reviewed this language): Also, attached is the Temple-Inland confirm and I have changed only the "Credit or Other Special Provisions" paragraph. You will have to attach Exhibit "A" (which Susan sent you last week). P.S. Please verify with credit the timing for delivery of the guaranty. I believe that Paul told me by Wednesday.
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ANS: Temple-Inland
IN: Gentlemen: Here is the new draft of the policy. We have left a message with ACE about a call at 9 (houston time) tomorrow. If that chnages, I will let you know.

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OUT:
Agreement