Subject: "R&R".

Body: I know how much you're looking forward to "Ted's Weekend of Rest and Relaxation" and I also realize that carting me back and forth to the car dealership wasn't exactly on your list of things to do (bear in mind the dealership is roughly 5 minutes from your apartment)...So, I'm offering you an out. I can find someone else to help me if you want to bail (I know how important your pool-side time is - Remember it's all about you and your needs." Just let me know. FYI: Galveston does not look like this...

Subject: "Presentation".

Body: Jeff, Here are the two versions of your presentation. After you have a chance to play around with the animation on the new version, let me know what changes you want to make. Original Presentation: Revised Presentation:

Subject: "Online Trading".

Body: I'm working with Mark on approval of our counterparty lists for online trading. Mark asked me to contact you about the approach we should take with respect to financial trading with Singapore counterparties. Should Singapore be approved for all types of trading with all types of counterparties? Are there are special counterparties we shouldn't approve for trading outside the governmentals, such as the utilites? Are there any products that might not be approved for trading out of Singapore, such as weather, or any others? Are there any special types of reps we might need to include in our agreements? Any guidance you could give us with this would be most appreciated! How are you and the baby doing? We hope to see pictures on your next trip over!

Subject: "FERC Contact Re: Enron Situation Impact on Pipelines".

Body:
I received a call from Jim Guest at the FERC OCA this afternoon concerning the Enron situation. He had read the articles and heard the reports. Wanted to know if bad accounting was the root of the problem. I advised him that it was bad investments that was the real issue. He asked about the use of the pipeline assets to pull Enron thru the liquidity crisis. I gave him a brief overview of the Dynegy cash infusion and the bank revolvers. He said there was some concern at the FERC that projects we might be proposing may not be able to be funded due to the reduced ability of the pipelines to obtain outside financing due to the securitization of the all the assets. I indicated that it was my opinion that good investments in pipeline facilities would probably be looked on favorably at Enron these days. Thought you'd want a quick update. I haven't advised Drew or Greg Porter yet. Thought you might want to cover with them.