Subject: "ISO Market Notice: Changes Effective Tonight, December 12, 2001".

Body: Market Participants The attached notice describes changes going into effect at 23:59 tonight regarding discontinuance of non-public information flow to CDWR and also a new procedure for payment of Intertie bids. Please pass this message immediately to all departments that could be involved in real-time bids and dispatches in the California markets. Client Relations Communications CRCommunications@caiso.com

Subject: "o:\Research access list".

Body: Please find attached an Excel workbook listing different access groups for Research. I have marked some users for keeping and deleting. I'm not sure how you wish to proceed. You can edit the list as you see fit. Perhaps we can contact those who have particular groups (e.g. Weather) for updates on their list. I am generally of the opinion that the lists should be as short as possible. A directory that Lance and I share with the power group was deleted yesterday but nobody knows who did that. I hope after this audit is done, we are much less at risk of something that like happening again. Thanks,

Subject: "Enfolio Confirms".

Body: For completeness, Attached are the operational documents that reflect the Gallup Amendments. The Gas Price Letter reflects TW's agreement to provide incremental gas volumes. The confirms to the existing Enfolio deals reflect the value for the gas which flows from Enron North America Corp. to Enron Compression Services Corp. and finally to the LLC. The confirms done with the original Gallup Transaction are not being amended. New confirms are being added to handle the incremental gas from TW. Please let me know if you have any questions.

Subject: "Confirmation Reply Letter".

Body:
Sara: What we have negotiated with Southern was limited to financial trades done under the ISDA. This was a form that they sent to us that we revised. It was my understanding that they were going to contact Leslie separately about EPMI physical trades and Stacy about physical gas trades. Carol.