Subject: "Maternity Leave".

Body: I will begin my maternity leave on Monday, November 19. In my absence, Katherine Chisley will be covering for Mark Pickering and myself. For assistance with Mark's calendar, please contact Katherine Chisley at x58463. Katherine will also have access to my email. Thank you,

Subject: "Heel on discharge of June 9, 2001".

Body: Captain Bentzr?d- Please leave a heel of LNG on board the vessel sufficient to reach the next loading in Qalhat on July 5 in load ready condition. Please estimate the volume you will require and revert, keeping in mind that we would like to unload as much as possible on June 9 at Lake Charles within the parameters outlined above. Thanks and regards,

Subject: "BNP Paribas Commodity Futures Commitments of Traders Report For Week End 05/07/02".

Body: (See attached file: clcot051002.pdf)(See attached file: ngcot051002.pdf) This message and any attachments (the "message") is intended solely for the addressees and is confidential. If you receive this message in error, please delete it and immediately notify the sender. Any use not in accord with its purpose, any dissemination or disclosure, either whole or partial, is prohibited except formal approval. The internet can not guarantee the integrity of this message. BNP PARIBAS (and its subsidiaries) shall (will) not therefore be liable for the message if modified.

Subject: "Partial variance to AAC R14-2-1606(b)".

Body:
Leslie, I have just completed reviewing the APS filing. This paper explains much of the observed behavior of APS during the DSTAR (WestConnect) proceedings over the last several months. The paper is so full of market "scare" tactics it seems appropriate to be reading it during the Halloween season. The token effort of procuring 270MWs starting 2003 and ramping up to 1670 MWs in 2008 is ridiculous. The statements that APS generation is somehow more secure and reliable than any generation not owned by APS, using the same grid, and that non-APS generators have little if any responsibility to the "Full-Requirements" customers are all beyond belief. The mis-characterization of the problems experienced in CA, OR and WA and the contemptuous citing of "experts" seems typical of the APS distain for deregulation. The entire filing is more like a guaranteed plan to recover the "Billion" dollars invested by APS, with convenient adjustment clauses every three years. As you noted earlier today, the Commissioner of the ACC may be more concerned over the APS stock price than truly encouraging open markets and retail access and what better why to help the stock price than to award APS a 14 year contract...look at what the Defense Department did for Lockheed!!! I spoke with Chris Lackey who met earlier this month with Pinnacle West's (APS subsidiary) head of Trading who told him that PinWest is very conservative (as stated in the filing), their primary function is to support APS and they saw no real opportunities to conduct business with Enron. However that could change if their petition is denied. Please let me know how you'd like to proceed. If this is approved by the ACC I assume it must then go to FERC, do we have an opportunity to intervene with the ACC and/or FERC in regards to this filing? If we do, I'll be happy to help you with composition of the documents. Kind Regards,