Q: Steve, Leslie & Thresa, We really need to get conversations started on the objectives we / you have for utilizing VMS going forward. I know up to this point we have been holding off waiting for the results of the East Market studies being done by Accenture. VMS is currently in production at a level which configuration efforts can begin for the East Markets. User Driven / Technology assistance not required: ? User Training for project team ? User / Customer Security Setup ? Counter Party Profile Setup ? Settlement Entity Profile Setup ? Event Setup ? Task Setup ? Component Setup (Dependant on Interface Information available for East markets see below) ? Equation Setup (Dependant on Interface Information available for East markets see below) System development which will need to occur specific to East: (Resource constraint) User Driven / Technology assistance required: ? PMI Interface Requirement / Development ? Meter Interface Requirement / Development ? Schedule Interface Requirement / Development ? Special Screens / Reports not already available within VMS System Implementation which will need to occur: (Resource constraint) User Driven / Technology assistance required: ? Final Testing and Implementation of Calculation Engine Optimization ? Testing and Implementation of Exception Handling, Disputing & Allocation ? Testing and Implementation of Deal-upload to EnPower In addition, we also need to make some decision rather quickly on the Razorfish Relationship with Enron for the remainder of the year. The current SOW (Statement of Work) expires at the end of this month. If we are going to keep them involved, we need to make sure that we have something in place prior to this one expiring. Can we please schedule a conference call for tomorrow (6/8/2001) to discuss these items? If tomorrow is not possible, please provide me with your preferred date and time. I would really like to get this going prior to Wednesday next week. We are rapidly approaching critical milestones for moving forward. Please let me know your availability. Thanks - MO
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A: Razorfish Contracts
IN: FYI, Here is a copy of the Draft agreement with the addition of text in red that Barbara wanted to incorporate as part of our "template". Oakhill will not get the red in this draft. The text in blue is what I added or changed with Barbara's input. We've incorporated a few new concepts: - we have a "date certain" for our deal to start - I've provided for operation before our "Start Date" (because we've mitigated construction risk by pushing the Start Date back). This is termed the "Pre-Start Date Period" which can begin after we have completed the "Facility Testing" and deemed the facility suitable and ready for commercial operation. - I've reduced the most of the response and notifications timing from the customer to ECS. Comments? mk

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OUT: OGS (Oakhill) CSA Drat
IN: This is an email
Mary Jo and I cancelled the Houston meeting due to the high level of uncertainity of Enron. There are important items related to winter and spring Pleasant Valley gas operation to review. I recommend a brief conference call at 10:00 Tuesday. I will call Darron and Janet. Mary Jo will be in my office. <<Nov13GasMtg.doc>> Darron, I would like to excuse NNG and continue our discussion after we discuss the above items. - Nov13GasMtg.doc

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OUT: Conference Call Tuesday November 13 at 10:00
QUESTION: Susan: I need to see if we ever incorporated any P&G comments into any prior draft. Then we should redraft a new master (but let's speak with Ed first). Thanks. Sara
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ANS: Procter & Gamble Master ISDA
Kim: I got your voice mail and will take a look at the path you described. It most likely will be this afternoon, I'll call you later. PT 3-0667
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answer: Agave short term Firm.
There is no change from my previous approvals for the only counterparty on the 3/30/00 list, so I am not sending that list. On the list for 3/31/00, first, David Minns is in the Houston office today, so I gave the response today for the one Australian counterparty on this list. We are meeting with Mark on Wednesday to try and figure out the approval process for Australia, so maybe after Wednesday I'll start responding for them. Second, on this list please note that there are no counterparties that have been indicated as credit derivative counterparties, so none of the counterparties on this list should be approved to trade credit derivatives (even though I haven't "X'ed" them out).
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answer:
Counterparty Approvals for 3/30/00 and 3/31/00