This is the content of an email: Already in TW's Tariff 1. Dollar valuing. Need to terminate volumetric OBA's where possible to minimize TW's financial exposure. Proposed in TW's 637 Filing - Keep 1. Mandatory cash-out each month (after netting and option to trade). 2. Definition of 6 indices (vs. 3 in current tariff). 3. Parties may mutually agree to cash out PNR. Could probably do today without this language. 4. Clarification that PNR may be used by Operators. 5. May use PNR for "auto-balancing". Proposed in TW's 637 Filing - Could "Trade" 1. Daily balancing. Including daily tolerance, daily auto-transfer to PNR & daily pricing. 2. Smaller tolerance range. Proposed change from +/- 10% to +/- 5%.

Subject: Notes from 637 Imbal Mtg 9/18/01

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This is the content of an email: Dear Mr. Lin: Enclosed for your review is a draft of a Master Agreement with Enron North America Corp. Please do not hesitate to give me a call with any questions and or comments you may have regarding this matter. Best regards,

Subject: Master Agreement

This is the content of an email: I know how much you're looking forward to "Ted's Weekend of Rest and Relaxation" and I also realize that carting me back and forth to the car dealership wasn't exactly on your list of things to do (bear in mind the dealership is roughly 5 minutes from your apartment)...So, I'm offering you an out. I can find someone else to help me if you want to bail (I know how important your pool-side time is - Remember it's all about you and your needs." Just let me know. FYI: Galveston does not look like this...
Subject: R&R