IN: I have finished the setup of the books you requested earlier today, the traders will be setup later. Nicole in Calgary in doing the setups for Canadian Power. Bill

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OUT: Canadian Books

IN: tanya: Just a quick update on the LC situation. We sent a renewal request to Enserco yesterday and they said they would get back to us tomorrow. If they don't renew by tomorrow I think that we should send them a notice of Event of Default letter which would give them until Wednesday to cure. If not cured by Wednesday, we could terminate and be in a position to draw on Thursday/Friday. Who can I coordinate with next week on this? Leslie Reeves is checking on a few of them that owe payments this week to see if they have paid. On Vitol, Tom is obtaining a copy of the LC and seeing if they have paid. He is also checking into Ballarpur. Greg Johnston e-mailed me to say that they were handling EPCORE and Engage. We have concluded that nothing can be done on Energy Service Providers, Trafigura and Glencore.

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OUT: LC's

IN: Stacy: Harry Stout is ready to sign these so could you call or e-mail me with the information that is needed to fill in the blanks with respect to the physical contracts. I believe that all I need to know is how in each agreement KCS was referenced. Tahnks. carol

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OUT: KCS Amendments

IN: We know you have questions about recent events impacting Enron and our plans for the future. Ongoing investigations and pending litigation have made it difficult, if not impossible, to share information in a timely manner. While we can't address certain issues, we can tell you about our initial plans to move Enron forward and emerge from bankruptcy, and we are eager to do that. We had planned to hold an all-employee meeting tomorrow, January 23, at the Hyatt Regency. However, we don't want to subject you to the media frenzy that would certainly surround such a meeting, so we've decided to postpone it. We are currently making arrangements to hold a series of employee meetings within the building to protect your privacy. We will provide the date and times to you as soon as the logistics for those meetings are finalized. Prior to the employee meetings, we will provide an overview of Enron's new organizational structure. You can expect that memo shortly.

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OUT:
Employee Meeting Postponed