This is the content of an email: Steve: Here are the deals and offers. The desk is concerned about two things: 1) that we not make the specific of the deals/offers public. They're fine with general statements like "the offers are below the price cap." 2) they have good relationships with the IOUs and the munis and are starting to do a lot of deal; as such, they expressed concern about any comments that might agitate them and make them disinclined to transact with us (sound familiar)? If there's anything else you need, for if you have any questions about this material. Don't hesitate. Good luck. Best,

Subject: Enron Deals for FERC Panel

This is the content of an email: At the request of Kevin Montagne, I am attaching our proposed form of Non-Disclosure Agreement. If the enclosed meets with your approval, please execute the agreement and return it to me via fax no. (713) 646-3490. I will then have it executed by Enron. If you have any comments or questions please call Mark Greenberg, Senior Counsel, at (713) 345-8897 or me at (713) 853-3399. We look forward to hearing from you.

Subject: NDA - BEA Systems, Inc.

This is the content of an email: I just received a phone call from Paul Varana, outside counsel to the referenced counterparty. His phone number is 713/752-4514. He said that VEPCO wasn't happy with the form of GTC attached to the physical online power confirms and was going to be sending me a letter requesting certain revisions. He said the letter would come from Francine Matthews at VEPCO. I looked this counterparty up in my database, and it appears that we approved them to trade physical power with an override letter. Usually, we don't allow any changes to the online GTC, but with physical power & the override letters, I know there is some wiggle room. I don't know how you want to handle this, if you want to wait for the letter from VEPCO to come in and then deal with the issues, or head him off at the pass. Just let me know.

Subject: Virginia Electric & Power Company

This is the content of an email: I think all of us who deal with assets are running across confidentiality hurdles in all kinds of agreements, including confidentiality agreements. In short, our business people need the ability to disclose agreements to potential purchasers of projects, contracts and assets, and not all of our forms allow this. I'm trying to include an exception for "potential lenders and investors" whenever I can (instead of just lenders). Does someone have a more artful or effective solution? Just wanted to share the thought so that more eyes could be watching for the issue. Kay
Subject: Confidentiality provisions in various forms