Q: In order to get you phone service here, the phone people want your passport number since you don't have a social security number. Can you provide it to Joyce Dorsey, an assistant here in Legal. She's working with Sylvia to get your office set up. Thanks!
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A: Your Phone

Q: Lisa and Liz: Each of Great Bay, El Paso Electric and LG&E Power have issued LC's to us that have has a drawing condition the fact that they have failed to provide alternate security and less than 20 days are left before expiration. Another drawing condition is that a "default" has occurred under the EEI. The LG&E and the Great Bay EEI master have a default that occurs if a party fails to establish, maintain, extend or increase Performance Assurance when required pursuant to the Agreement. The definition of Letter of Credit in each Master does NOT have language to the effect that it has to be acceptable to us. In the El Paso Master the default is based on a party's failure to meet the collateral requirements in Article 8. In that Master, the LC must be acceptable to us. Do you think that we can argue that the failure to renew the LC is a "default" that would permit us to terminate and draw?
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A: EEI Qusetion

Q: USGT has a new rate for contract 27161 starting Novemer 1, 2001 and in effect until changed or March 31, 2003. East to East gas Flow - $.025 - 1 part rate East to West gas Flow - Index to Index (with a floor of $.0246/MMBtu) - 1 part rate If you have any questions or need more details, please contact me. Mark
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A: FYI reminder - new rate in effect for USGT

Q: Below please find a summary of recommendations from a meeting held Tuesday 9/17 between Chip Schneider, Joe Deffner and Wes Colwell. It is contemplated that these or similar recommendations will be implemented to control capital and other expenditures related to transaction development within the Americas: Regional Managers within the Americas (East, West, Canada, Mexico, South America) shall be generally accountable for capital expenditures and other expenses associated with transaction development in their respective regions. The Regional Manager shall designate one Transaction Leader (Director level or higher) for each individual transaction under consideration and shall be accountable to the Regional Manager. The Transaction Leader or Regional Manager shall be the only parties authorized to obligate Enron or its affiliates under any contract or to transfer money. Legal shall provide copies of all draft documents to Accounting, Global Finance and Underwriting. The Deal Leader shall be responsible for drafting initial DASH, seeking buy-in from management and establishing a time-table for expenditure approval. The initial draft of the DASH and economic model shall be provided to Underwriting at least ten business days prior to any movement of money (more time may be necessary if financing or ENE BoD approval is required). Legal shall provide a final Legal Risk Memorandum to Underwriting prior to circulation of DASH. Global Finance shall provide a final FASH to Underwriting prior to circulation of DASH. Underwriting shall be responsible for DASH circulation. Underwriting shall promptly provide Accounting with fully executed DASH to set approved budget limits. Accounting shall keep records of all expenditures, maintain responsibility for approved budget compliance and sign-off on all contracts and money transfers prior to execution. Let me know what further thoughts you have. Regards,
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A:
Recommendations from 9/18 Meeting on Transaction Expense Controls / Delegations of Authority