Problem: BODY: It currently looks like we will not have any wire requests today for power prepayments. East Power - We are currently working with PJM and NEPOOL to come to a payment resolution to remain active and current in those two markets, and will not have any need for a wire transfers today (the earliest we will need may be tomorrow depending upon form of resolution). Additionally, given the post Christmas market conditions and lack of liquidity (and staffing needs in companies other than Enron), Kevin and Dana were not able to execute any bilateral prepay deals for the regions outside PJM and NEPOOL. They will be continuing to push these deals for the next several days, but realistically, it may be next week before we can actually pull these off. West Power - We will have tomorrow a detailed prepay list and wire requests for the first week of January. Thanks for everyone's help with this process. Don
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A: SUBJECT: Power Prepayments

Problem: BODY: Heather, I talked further with Transwestern Counsel today concerning the issues and have the following points; 1. FERC was made aware of the Compression Services arrangement with ECS in the filings for the certification of the Kachina units. FERC simply didn't ask any further questions in that proceeding. The Operation & Maintenance Agreements in place for the Kachina units essentially accomplishes the same tasks as the Operational Control Agreement in Gallup. TW feels the O&M agreements would be adequate to address any concerns about TW's regulatory responsibility over the compressor facilities. The Operational Control agreement was put into place in the Gallup Transaction because it was thought to be easier to give FERC exactly what is was looking for rather than provide them with the Gallup O&M Agreement which might unecessarily complicate the certification process at that time. 2. There is no basis in FERC Regs or the NGA for FERC to impose any type of penalty or discontinue the Compression Service due to TW's operation of Kachina without the Operational Control Agreement. No regs or law address this situation. Again this is tempered by the fact that FERC was made aware of the arrangement and didn't ask any questions and the O&M agreement is in place to accomplish control for TW. 3. I also faxed you a copy of Section 19(c) of the NGA which indicates that the petition for rehearing does not effect the status of the certificate. Construction is moving ahead and the targeted start date is May 1. I will forward the filing TW made wrt to the Operational Control Agreement as soon as I recieve it. Let me know if you have any further questions (713) 853-3512.
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A: SUBJECT: FERC Issues

Problem: BODY: Hello Jim, I just want to keep you up on the situation with our office spaces in Jones Hall. The Civic Center will be going to City Council this week to ask for monies to rebuild the SPA and Symphony offices, and the rehearsal hall, music library, instrument storage, etc. If approved, I'm told the City will allow us to have the offices rebuilt by the contractor of our choice. We will want the contractor who originally built our offices 6 or 7 years ago. However, the rebuild will take between 10 and 12 weeks. That means we will not return to offices until, say, end of February, assuming some work will be accomplished in December. We told Enron that we should return to Jones Hall by the end of this year; obviously that won't happen. Of course, we would want to remain in our present offices on the 37th floor of Three Allen Center until the end of February. But, is this possible? Do you have any idea what might happen to your space here, and whether we can remain? Shall we remain quiet, hoping nobody notices us? Let me know, please, if there is anything I can do to remain in these offices. Thanks
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A:
SUBJECT: Office Space