This is the content of an email: Attached are the revised drafts. Please note the following: 1. I revised the FERC language but haven't yet talked to Drew about this concept. He is in Houston somewhere and I have a call in to him. 2. The Equivalent HP concept was removed. Thus a Force Majeure or Utility interruption event will interuppt the Compression Services Charge. 3. Please review the unwind language carefully in the Conversion Agreement. 4. I added an arbitration provision. This is standard in ENA or affiliate contracts. The O&M form will follow shortly.

Subject: Gallup Conversion and CSA Agreement

This is the content of an email: We've picked up two more diners for La Fogata in San Antonio, Andrea Calo and Yao Apasu. Can you call back the restaurant and switch our reservation to two tables of 8 people, instead of one table of 14. I think a table of 8 will be more manageable than a table of 16. Thanks!

Subject: dinner reservations in san antonio

This is the content of an email: Ed and Bill: Per Leslie reeves, we did receive a payment from LG&E Energy Marketing so the only issue remaining on them is whether the LC has been renewed. As Ed reported, El Paso renewed their LC so there is nothing to do on that. With respect to Enserco, I faxed the proposed new LC to ed and spoke with Don Perkins, their credit manager (303) 568-3255. I told him that he may be receiving a call from you regarding Fortis, the Issuer. I also told him that drawing condition #1 would have to change to take out the reference to delivery of natural gas and he agreed. He was also going to talk to Lynn Evans, his attorney, about the procedures that need to be followed under 'Special Instructions" as I do not think that we should be sending anything to Fortis. More to come tomorrow. Ed: Please e-mail me, Sara and Jeff a description of where things stand with Niagara based on their payment today as it sounds complicated and may require us to piece together all of the contracts we have with them before deciding how to proceed. Did you have any luck confirming the status of the Chase LC? Sara, Let's meet in the morning. We also will probably here from Lyn Evans, Enserco's lawyer.

Subject: LC Update

This is the content of an email: Dave, Attached is the Schedule to the ISDA Master Agreement. The document you faxed me was the preprinted form of ISDA Master Agreement. That document, TOGETHER with the attached Schedule is your full "ISDA Master Agreement". Also attached to this Schedule is the form of Enron Corp. Guaranty and proposed form of Legal Opinion to be issued by Clark County PUD #1. It is my understanding that you will provide these documents directly to the counterparty. Again, the whole package above must be provided to the counterparty or you will not have a complete set of documents. Call me if you have any questions.
Subject: ISDA for Clark County PUD #1