Problem: BODY: For tomorrow, see the attached schedule. This is what is communicated to Frontera. The mw value at the top of the page indicates what their total generation should be by hour. The Resource Plan shuold be identical to this row. Row 5 mirrors the purchase from Frontera in Enpower. The Mirant call and Enron's call (Ercot Asset Book - 100 mw's) are listed as well as any daily trades executed on behalf of Frontera. Please familiarize yourself with this report The top line will indicate how much power is available for bal-day sales, etc. Additionally, the Resource Plan needs to accurately reflect to Ercot what the plant is capable of. For example, if we are generating at the maximum of 450 mw's, we need to reflect that the combined maximums on units 1-3 do not exceed this amount. Otherwise, Ercot thinks they can OOM you up. Specifically for tomorrow, please note that we are going from 135 mw hour ending 6 to 250 mw's hour ending 7. The plant doesnt like to do this. A 200 mw schedule would be much more preferrable for this ramp. So either : 1. purchase 50 mw's from RT market for he 7. Change Resource Plan to 200 mw's for hour ending 7 only. Put purchase from in Teco Services book. Make another corresponding sale to Frontera counterparty in the Teco Services book. If you dont make the second entry in Enpower the Teco Services book will be long for hour ending 7. 2. have plant drag and buy imbalance - they will call to make this decision. No entries will be needed. Call if you have questions. JMF
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A: SUBJECT: Frontera for hour ending 7 tomorrow, 9/21

Problem: BODY: For several months we have been working on an idea to exploit the staff and experience we have in Special Assets to develop a fee-for-service "executive services" business. The key idea is to participate in potentially rewarding companies and projects without commitment of Enron's investment capital. I believe that this would be a logical extension in applying the skills and management approach we already are taking with our own portfolio. As part of some initial feasibility evaluations, we recently have had discussions with Bill Gartland, a Houston entrepreneur, with extensive contacts with national and provincial governmental development agencies in Spain. Gartland is seeking management and financial expertise to promote industrial, commercial and real estate projects in Spain. Among other things, he presently lacks the professional skills to evaluate and package projects for presentation to sophisticated capital providers in the United States and Europe. In addition to checking personal and business references, we had Rick Carson's group perform a due diligence review of Mr. Gartland. His background and reputation are clean. Through Gartland's contacts we have been invited to meet with representatives with the Sociedad Estatal de Participaciones Indrustriales (SEPI), the Spanish state-owned holding company for business development. In addition, we will meet with representatives of Instituto de Fomento (INFO), the regional government of Murcia's business development group. INFO has agreed to fund all of our incountry expenses while in Murcia on this initial visit. In order to take advantage of this opportunity we have accelerated our plans to test the market for the types of services we envisage providing and are scheduled to meet with SEPI, INFO and other contacts in Spain the week of June 11th. Unfortunately, with the tight schedule we could not arrange a general meeting to cover the concept of Enron Executive Services (EnronExec). However, we have prepared an informal presentation as a briefing prior to next week's trip. I would stress the following points: These initial meetings are informational and relationship focused. No commitments will be made next week. One of the key principles of EnronExec is that we are not a source of capital. Among the services we offer will be analysis of capital needs and preparation of business and/or project plans for presentation to capital providers. Activities contemplated for EnronExec will complement the normal workload of Special Assets. There will be no reduction in our efforts to achieve our primary business objectives for the team. The expenses to evaluate the potential and, if viable, to startup the activity are modest and are consistent with our approved 2001 expense plan. Our eventual objective to fund EnronExec is to structure cash fees at least sufficient to cover staff time and out-of-pocket costs. We will look to acquire significant equity participation that would offer the attractive potential value upside. As a byproduct benefit through contacts with various businesses, we may identify new synergies and opportunities for other Enron businesses. I am very enthusiastic on EnronExec. It appears that it may be a way to leverage Enron's unique resources and strengths into a profitable enterprise that does not require separate capital. I would appreciate your comments and questions.
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A: SUBJECT: Special Assets--Enron Executive Services

Problem: BODY: Hello, Everyone - This notice confirms the review session next week on December 19, 2001, at the Kingstad Conference Center first floor meeting room. The Kingstad Conference Center is located at 5933 NE Win Sivers Drive, about three miles east of the Portland Airport. The meeting will begin at 8:30 a.m. and end by 12:30 p.m. The purpose of the meeting is to "walk through" preliminary rough drafts of write-ups on Congestion Management, Pricing, and Facilities Inclusion. We are presenting these preliminary rough drafts together because of the interest expressed at the last RRG meeting to see how these interrelated concepts work together. We are not planning to walk through the drafts on Planning and Market Monitoring because they have been extensively discussed at previous RRG and Content Group meetings. But we will be prepared to discuss any questions about them. The preliminary rough drafts on all of these subjects will be posted on the RTO West website - www.rtowest.org - before the meeting, and we will send a notice to you when they are available on the website. Because this review meeting is open to members of the various content groups as well as the RRG, I will send this notice to several exploder lists. Therefore, some of you who are on multiple lists will get duplicative copies of this notice. Please feel free to vent your annoyance with me about this at the December 19 meeting. We'll also provide a schedule for completing work on the March 1 filing to FERC at the December 19 meeting. We look forward to seeing you next week on December 19. - Bud
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A:
SUBJECT: Notice of December 19 Review Session on Stage 2 Write-ups