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In most cases, ENA will be a net buyer from Tenaska IV for activity related to the Cleburne plant. However, for October 2000, the plant was down the majority of the month and ENA sold off the supply, resulting in ENA owing money to Tenaska IV. I have created deal 529856 with a demand of $1,798,389.73, which is the calculated amount of income on the Cleburne desk. (Please see the attached schedule.) We need to pass this income on to Tenaska IV. Do we need to pay this amount (wire from ENA to Tenaska IV) or is there another way to do this? This is the case for October 2000 and could possibly happen again in the future. Greg, Troy, Jim - Please let me know what you think about settling this. Megan - Don't pay the amount until we here from the Greg, Troy and Jim. Also, make sure that we have received dollars from the spot sales before we reimburse Tenaska IV. D

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OUT: Tenaska IV 10/00

IN: This is an email
After meeting with Larry Joe Hunter, we will not be granting tagg access to his group. They were wanting access to change deals that were booked to the wrong counterparty. The problem here lies in that they were wanting to do these changes in the afternoon while we were calcing. This is not an option. Therefore, the resolution is we are responsible for these corrections. We must get the deals entered into the system with the correct counterparty initially. Our credit risk exposure is the bottom line. If we do not have all the deals to the right counterparty each day, we may not be receiving enough money on Letter of Credit from CP's. FYI, this is going to be a highly visible area for us to make mistakes. If we continue to make these mistakes, we as a group will catch severe fire. To help us do this correctly, Bianca will be handing out a revised and updated counterparty list on a monthlly basis. We will still have emails sent denoting CP name changes, I reccomend writing these down on your sheets to keep for future reference. If all else fails and there is something you are not sure about, please call Bianca Ornelas at 5-3782. If you have any questions, please give me a shout. Thanks. PL

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OUT: Counterparty names

IN: This is an email
Please plan to attend a meeting at 5:00 p.m. TODAY, regarding the gas and power price situation in California. We will be discussing political, legal and PR implications and actions. TIME: 5:00 p.m.

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OUT:
IMPORTANT- PLEASE READ - California Energy Prices - Legal Issues