Here is an email: Tanya: SITA now insists on having the Termination Currency and the Contractual Currency, except as otherwise agreed in any Transaction/Confirmation, as the Euro. They will not agree to USD. [By the way, SITA's lawyers had already agreed to USD] Effectively, if we agree to this, the trader will need to confirm each deal in USD (Contractual Currency) but if we early terminate, the currency will be Euro's (Termination Currency). What do you want to do? Other than the Enron Corp. guaranty, we are finished. Sara
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A: SITA
Q: Sheila, do you think we should meet with Rick Buy about this? Or, should we talk about it without Rick and then respond accordingly? The bottom line is, that the non-compete probably should stay as is, even in the case of RAC. Let's discuss. Michelle
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A: My Contract
IN: You may have seen recent media reports on the topics of possible EPA action= on New Source Review (NSR) regulation and multipollutant legislation, so I= wanted to summarize some of the important current developments: New Source Review: EPA was asked to conduct a 90-day review of NSR and come up with recommenda= tions for the larger Bush National Energy Plan. EPA held several public h= earings and solicited public comments, which closed July 27. Enron submit= ted comments (which I sent by e-mail on 7/30/01). EPA has indicated that = it will report to the President only on "impacts of NSR on the power sector= " on August 17 and delay any specific recommendations for NSR reform until = mid-September. Stories in the past few days have suggested that EPA's findings will "ease = emissions standards" on coal utilities. Such characterizations are somewhat= slanted, as they are based on information coming from environmental groups= who oppose any NSR reform -- but there is some substantive merit behind th=

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OUT: New Source Review & Multipollutant Update
IN: This is an email
Until further, it is best to avoid long positions in the morning hours that are to liquidate against the balancing market. The downside is $1000 and the upside maybe $10. Thanks,

What is the subject?

OUT: Morning trades
QUESTION: Please carry your cell phone with you (with the power on) while you are at work during normal business hours. It is important that I can reach you when it becomes necessary. Thank you for your cooperation.
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ANS: Cellular Phones
IN: I am currently working on a form for the master netting without the CSA. It is somewhat complicated--so if you have such a request, please await the new form. Do not try to do it yourself. Thank you.

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OUT:
Master Netting Without Margin/Collateral Provisions