Problem: BODY: To all supervisors of Associates and Analysts The Associates and Analysts will be divided into 4 final ranking meetings for the mid-year 2001 PRC. These meetings are scheduled as follows: EES Associate & Analyst Final Meeting - June 8 EBS Associate & Analyst Final Meeting - June 19 EWS/Others* Associate & Analyst Final Meeting - June 25 EA Associate & Analyst Final Meeting - July 9 *(EWS/Others includes Associates and Analysts from EWS, EGM, APACHI, CALME, CORP, ECM, EIM, EIP, ENW, ESA, ETS, EOTT, HPL, PGE, EWC, Japan, and EnronCredit). The Associates and Analysts will be ranked within the following Peer Groups: Analyst 1 - Analysts with up to one year of service (hired between 3/1/00 and 2/28/01) Analyst 2 - Analysts with greater than one year of service (hired prior to 3/1/00) Associate - All Associates hired prior to 3/1/01 Associate and Analyst Ranking Process Analysts and Associates hired on or after 3/1/01, will receive feedback only, all others will receive both a PRC ranking and feedback. Each Business Unit Supervisor will be responsible for providing a pre-ranking to the PRC Rep. The PRC Reps have access to the consolidated feedback for each assigned Associate and Analyst. Please be sure that you have met with the assigned PRC Rep prior to the final Associate and Analyst meeting for your business unit. (Your business unit HR department may choose to set up pre-ranking meetings - check with your HR representative). The final ranking for each Analyst an Associate will be determined through a cross calibration in each of the final meetings. In these final meetings, the Analysts and Associates will be represented by a PRC Rep from their Business Unit who should be familiar with their accomplishments. Associate and Analyst PRC Reps Please refer to the attached spreadsheet for a list of Associates and Analysts who will be ranked in these meetings and their PRC Reps. Contact me at extension 35230 if you have any additional questions. Terry Bosien HR Manager, Associate and Analyst Program
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A: SUBJECT: Associate & Analyst Mid-Year 2001 PRC Process

Problem: BODY: We know you have questions about recent events impacting Enron and our plans for the future. Ongoing investigations and pending litigation have made it difficult, if not impossible, to share information in a timely manner. While we can't address certain issues, we can tell you about our initial plans to move Enron forward and emerge from bankruptcy, and we are eager to do that. We had planned to hold an all-employee meeting tomorrow, January 23, at the Hyatt Regency. However, we don't want to subject you to the media frenzy that would certainly surround such a meeting, so we've decided to postpone it. We are currently making arrangements to hold a series of employee meetings within the building to protect your privacy. We will provide the date and times to you as soon as the logistics for those meetings are finalized. Prior to the employee meetings, we will provide an overview of Enron's new organizational structure. You can expect that memo shortly.
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A: SUBJECT: Employee Meeting Postponed

Problem: BODY: Tom: EGLI is holding a $420,000 LC that expires 12/21/01 covering a deal with Energy Service Providers LLC. According to our records, this deal has terminated. Have we been paid? Are we owed anything? Would we have any grounds for drawing prior to the expiry date?
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A:
SUBJECT: LC's