This is the content of an email: Steven: I am trying to finalize this master during Carol St. Clair's absence. I have a few questions prior to our comments. They are: (1) Have you already commented on the new form of Letter of Credit Provisions which Carol sent to you? This is referred to as Exhibit A to Paragraph 13 of Annex A. I did not see your response. (2) Have you reviewed the latest Letter of Credit format? I did not see your response. (3) What is the genesis of Part 5, Section 18 of your redline. I know that DB acquired Bankers Trust, but did Carol ever review this provision? Have both parties agreed as to existing transactions? Please let me hear from you. Thanks. Sara

Subject: ISDA Master Agreemen between Deutsche Bank AG ("DB") and Enron North America Corp.

This is the content of an email: NGI's Daily Gas Price Index published : January 14, 2002 TransCanada Plans Export Capacity Additions While it will take another two years for a Mackenzie Valley production and pipeline project to come together, there are signs that a safety margin is developing in Canadian natural gas supplies. Western Canada's established, heavily exploited gas fields can still deliver production growth for years to come, the National Energy Board has been told. TransCanada PipeLines Ltd. delivered the reassuring word in an application for a year-2002 expansion program dedicated primarily to increasing exports to California and the northwestern United States. TransCanada predicted that production from the western provinces can rise by about 15% to a sustained rate of 20 Bcf/d until at least 2010. Titled the Westpath Expansion, TransCanada's proposal calls for $48.3 million in new facilities to raise capacity on its British Columbia System by 420 MMcf/d or 16% to about 3 Bcf/d. The route crosses southeastern B.C. from the Alberta boundary to an export point on the U.S. border, where it fills PG&E Gas Transmission. Along with U.S. traders and power generators, customers lined up for the added service include Vancouver distributor BC Gas Utility Ltd. and Powerex Corp., a subsidiary of BC Hydro that procures fuel for gas-fired power stations. TransCanada told the NEB that it also expects to file a further expansion proposal in second-quarter 2002 for the B.C. System. The agenda matches growth under way on PG&E. TransCanada acknowledges that its forecast of supplies from the western provinces is more optimistic than the current expectations of the NEB, the Alberta Energy and Utilities Board and the Canadian Gas Potential Committee. The pipeline company said its information goes beyond official public records to include confidential data from customers, its own proprietary studies and updated information on results of last year's boom in gas drilling. The pipeline has told the NEB that "with continued demand growth, the Western Canada Sedimentary Basin should be able to support increasing levels of gas deliveries of up to 20 Bcf/d at least through this decade." Production from Alberta, B.C. and Saskatchewan averaged an estimated 17.2 Bcf/d in 2001. TransCanada also predicts that "unconventional gas" -- chiefly coalbed methane, and possibly reserves in "tight" or difficult geological formations -- will enter production by about 2006 and eventually reach 4 Bcf/d. But the pipeline projection acknowledges most tight gas "is not currently considered economically available within the forecast horizon (to the year 2025) and current technological assumptions." At the same time, TransCanada said there is also great uncertainty in predicting gas production from coal deposits because there is none yet in Canada.

Subject: TransCanada Plans Export Capacity Additions

This is the content of an email: Kim Monday I will be on vacation. I have listened to the message from Questar and it seems like that the Morongo Valley area ( with R.O.W issues) is a few miles away from the SOCAL interconnect. The distance from Needles to SOCAL interconnect is approximately 90 miles. The horse power requirements to handle up to 100 mmcf/d from Needles to SOCAL is around 2,500 hp. Based on the above, and also assuming that SOCAL has the capacity to handle up to 100 mmcf/d at a pressure of 850 psig at this location, the conversion/ compression cost is as follows: Conversion costs for 90 miles: $9,000,000 Compression cost: $6,000,000 Total costs $15,000,000 Note: As we have discussed before this cost is based on EE&CC cost estimate of 1997 plus 5% escalation for each year. Mansoor

Subject: Questar

This is the content of an email: Dear TI-USA Corporate Supporters: We are delighted to report that yesterday the OAS General Assembly approved a resolution calling for the creation of a follow-up mechanism for the Inter-American Convention Against Corruption. As you know, TI has been working toward this goal for over two years. The agreement provides for a Committee of Experts to select the provisions of the Convention and countries to be reviewed and for the possibility of consultations with civil society. TI has called for additional steps including:
Subject: OAS General Assembly Approves Follow Up Mechanism