IN: In order to complete our files, please send copies of signatures to the following documents: 1. Certificate of Amendment to Certificate of Formation of ERMT LLC (regarding name change to NETCO Holdings LLC) 2. Certificate of Amendment To Certificate of Incorporation of ESVL Corp. (regarding name change to ERMT Corp.) 3. Amended and Restated Certificate of Incorporation of ERMT Corp. (regarding name change to The New Energy Trading Company) 4. Written Consent of the Sole Stockholder of ERMT Corp. (dated 11/8/01) 5. Unanimous Written Consent of the Board of Directors of ERMT Corp. (dated 11/8/01) 6. Unanimous Written Consent of the Board of Directors of Enron North America Corp. (dated 11/5/01 regarding contribution to RMT) 7. Unanimous Written Consent of the Board of Directors of Risk Management & Trading Corp. (dated 11/5/01 regarding contribution to ERMT LLC) 8. Unanimous Written Consent of the Board of Directors of ERMT LLC. (dated 11/5/01 regarding contribution to ERMT Corp.) 9. Cross Receipt (of ERMT and RMT regarding $250,000,000) 10. Unanimous Written Consent of the Board of Directors of ERMT Corp. (dated 11/6/01 authorizing certain agreements) 11. Unanimous Written Consent of the Board of Control of ERMT LLC (dated 11/6/01 regarding issuance of 20 Units) 12. Acknowledgment of Receipt of ENA 13. Unanimous Written Consent of the Board of Control of ERMT LLC (dated 11/7/01 regarding issuance of Class B Unit) 14. Cross Receipt (of ERMT LLC and GSS Contract Services -- I will hold

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OUT: Swapco -- Outstanding Items

IN: The Commercial Group has asked whether they can sell daily firm for longer than a 3-month period. This phrasing is of course misleading; TW's daily firm contracts are always for a term of just one day, but renew for consecutive one-day terms unless terminated. The discount letter, on the other hand, grants a discounted rate for each of the one-day terms for a certain period of time (typically one month). Steve Harris wants to be able to "sell daily firm for a one-year period." In contractual terms all this would mean is that the contract is for renewabable one-day terms (as usual), and the discount applicable to such terms would be effective for one year. I see no problem with this, do you? (Apparently the current perception in marketing is that regulatory/legal was limiting daily firm to a 3-month period.)

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OUT: daily firm on TW

IN: Get Connected with e-Statements. Sign up for Electronic Statements from Enron Federal Credit Union by November 15 to be entered into a contest to win a Palm Vx! Log on to www.enronfcu.com to apply or for more information.

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OUT: EFCU Gets You Connected

IN: This is an automatically generated Delivery Status Notification. Your message has been successfully relayed to the following recipients, but the requested delivery status notifications may not be generated by the destination. nathoo@blackstone.com

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OUT:
Delivery Status Notification (Relay)