Subject: "EES Margin Calls".

Body: Please note and inform your groups that Teresa Mihalik (5-7749) or myself (6-6363) should be the point people for any margin calls issued to EES. We will work with Legal and Regulatory Affairs to validate rights to such calls. Additionally, we will work with Trading to validate requirement calculations. Thank You

Subject: "Banco Nazionale del Lavora".

Body: Per Bill's email, I faxed a proposed form of Enron Corp. Guaranty to the counterparty. Please do not approve any trades with this counterparty until due diligence is done on Italian law, which appears the be the place of incorporation of the counterparty. I will not assign the review of Italian law to an attorney until we receive your credit worksheet. If you feel we need to proceed with this now let me know and I will get someone to start looking at it.

Subject: "Capacity Rights Under Possible Extension of PG&E's Gas Accord".

Body: I'd like to keep this confidential, but someone inside PG&E's gas group (for what it's worth) told me that participants will have a choice under PG&E's proposed extension of its Gas Accord. Either the participant can retain the capacity for the term of the extension (less the cost escalators in the original deal) or release the capacity back to PG&E with no penalty. I'll try to confirm that this is the view among most in PG&E. Best,

Subject: "Trading Track Interviews - External Candidates".

Body:
All, We have a number of external Trading Track candidates to be shortlisted for 2nd round interviews at Enron. John L would like for each of you to phone screen two candidates each and let me know if you think they are worth a 2nd round interview. Adrianne Engler, will forward you shortly, the resumes and contact numbers for the external candidates. As all of these candidates are currently working, please plan to phone this this evening or tomorrow evening. Please note however each candidate will be telephone screened by two of you and each of you will have approximately 2 people to call. The schedule of this will aslo be forwarded to you along with the resumes and contact numbers. Any questions let me know. Rgds, Karen x54667