Subject: "RedRock".

Body: A couple of additional thoughts on this morning's conversation: 1. if we really think the next 6 or 8 months will sort out the takeaway and receipt point capacity issues, why not bet the whole farm and try to hold onto the whole 150 mm/d until next winter or fall and see if the perceived value goes up? We could tell Calpine "no" on their bid and hold them off for several months "negotiating" if that's what we thought would lead to the best value. I don't personally think this would be a prudent approach, but its where our logic leads in the extreme, so we'd better be prepared to explain why getting the bird in the hand from Calpine is smart. 2. We'll research the question of whether we can reject any recourse bids that come in over the next 6-8 months if we decide to hold onto the 60 mm/d for awhile. I've thought about it a bit more and I'm pretty sure you're not going to like the answer. First, FERC says we've got to have a recourse rate in place for all capacity, new or old. One reason is that there needs to be a max rate that applies to long term capacity releases. We have the option on new projects to go with the existing max tariff rate or a new incrementally designed rate. We are going with the existing tariff rate on RedRock. Fine, but that makes the existing rate the recourse rate for all purposes. FERC's logic will be that TW could sell all of the RedRock capacity at recourse rates (currently $.38) and never suffer a revenue shortfall even if future rate cases reduce TW's overall rates, because the costs of all TW's facilities--including the new project--will be considered

Subject: "Joe Carson".

Body: Greg, Two things I did not manage to mention to you at the meeting on Monday. 1. Joe Carson. I was very positively impressed by Joe Carson. Enron badly needs a senior economist of his stature and experience. He has many contacts in the industry and can represent Enron well. He is very pragmatic and, also, I expect a cool head on old shoulders. One negative is that he wants to work out of New York. The tradeoff is between maintaining his contacts and working closer with the desks. 2. Tony Mends. I think you, or Louise, should explore the possibility of using the skills of Tony Mends. Tony and I are good friends so I may be biased. I think that he is a very smart and efficient person and can contribute a lot to the organization that relies on processing huge volumes of information. Vince

Subject: "Energy Bar Program - E-Commerce Panel".

Body: Mark Haedicke is available for the conference call on Thursday, October 19, at 1:30 p.m. Eastern time. Please confirm what time you were able to convene the call. Thank you.

Subject: "Important Information Needed!!!!!!".

Body:
We are in need of the following information: Emergency Contact Name: Emergency Contact Phone: Please update this information by going through eHRonline or email me with the information. Your cooperation is appreciated ! Thanks,