This is the content of an email: In reviewing Jeff Shields' expenses for the previous two months, I have found two travel itineraries which came without prices on them. Jessica and Mollie have both checked their e-mail and confirmed that the only documents sent did not detail the cost of the trip. The prices I need are from the following trips: Itinerary only - August 28, Alaska Airlines, PDX-SeaTac-Helena-SeaTac-PDX, Reservation # AS/WXOKNK (reservation made August 24) Itinerary only - Sept. 6 to 7, Delta Airlines, PDX-Salt Lake City-Spokane-PDX, Reservation # DL/V2KIC3 (reservation made September 6) Thank you so much for your time.

Subject: Travel Invoices

This is the content of an email: I wanted to let you know I am currently negotiating two Master Gas Agreements with TransCanada for the two entities listed above. As previously discussed, credit suggests increasing TransCanada Pipelines Ltd.'s guaranty to $50MM and decreasing Enron's to the same amount. Have you discussed TransCanada's guaranty? Is $50MM large enough to cover your agreement? Veronica Espinoza(66002) in credit is working with me on guaranty issues. Finally, did you receive copies of Enron's and TransCanads's guaranty? If not, let me know I will fax same. Their guaranty expires the end of this month. Regards,

Subject: TransCanada Energy Marketing USA / TransCanada Gas Services, Inc.

This is the content of an email: Here are the messages as I understand them. Please let me know if I've misconstrued anything. Thanks. FERC got a lot right in the order and we're very encouraged as a result. In particular, ending the PX buy/sell requirement and permitting utilities to manage risk through a portfolio of short and long term contracts is a fundamental step in the right direction. However, the proposed price cap is unworkable and will jeopardize realibility in California. As structured, it will: discourage the development of new generation to serve California fail to provide adequate incentives for demand responsiveness. force Enron to abandon 300 MWs of new power projects planned for California. We look forward to participating in FERC's process and are hopeful that FERC's final order will fix the deficiencies in the current price cap proposal. We encourage California to work with FERC to implement the proposals and quickly fix the flaws in the market on behalf of the state's consumers.

Subject: Message Points

This is the content of an email: Sheila Glover has requested that David Vitrella be designated as a second "Authorized Trader" for the Enron Communications Investments Corp. account which was recently opened with Morgan (having as its purpose the sale of Rhythms stock). The rationale for a second trader is not new to us: in John Greene's absence, no one is authorized to trade in that account. It is my understanding that the only activity to occur in this account is the sale of this particular stock which will be "dribbled in" periodically. Please let me know if you have any questions. Both Donna and Sheila are very familiar with this transaction. Sara
Subject: Additional "Authorized Trader" for equity account