Subject: "Transco Historical Imbalance & BUG/LILCO Accounting Issues".

Body: Last year money was to be set aside in reserves to cover the net amount needed to resolve these issues with Transco, BUG , LILCO and Enron. The total dollars required was approximately $4.25 million. An amount of $3.55 million needed for the Transco historical imbalance resolution. The remaining balance was needed for the BUG and LILCO accounting issues that Keyspan brought to our attention last year. Bob Hall has $3.5 million reserved in his area for the Transco historical imbalance. The remaining $50,000 for Transco and approximately $700,000 of additional funds for the accounting issues were to be reserved last year under "The Office of the Chairman". Sally Beck and Janet Dietrich arranged for this additional money to be reserved at the "Chairman" level since the additional funds were needed to correct an old accounting problem that should not hit the East Desk P&L. Also, the arrangement was that the reserve would be maintained until the settlement payments were made by Enron. As with most stories, there is some good news and some bad news. First, the bad news. After a great deal of investigation, it appears that there currently is no reserve at the "Office of the Chairman" for these additional funds. Now, the good news. Georgeanne will take the necessary steps to make sure there is money available so that we can quickly resolve these issues with Keyspan and Transco. If you have questions, please give me a call. Ruth x31667

Subject: "TCO- CAPACITY ALLOC-TIMELY NOMINATION CYCLE NOV. 27, 2001".

Body: COLUMBIA GAS TRANSMISSION CORPORATION NOTICE TO ALL INTERESTED PARTIES NOVEMBER 26, 2001 Notice ID: 3293 5 - NO RESPONSE REQUIRED SUBJECT: CAPACITY ALLOCATION-TIMELY NOMINATION CYCLE FOR NOVEMBER 27, 2001 PLEASE NOTE THAT ALL ALLOCATIONS ARE SUBJECT TO CHANGE BASED ON THE RECEIPT OF ANY NEW NOMINATIONS OR INTRADAY NOMINATIONS. RECEIPTS: KA-1 LINE (819288 AND 827280): There is no capacity for IPP customers. There is no capacity for ITS customers. There is no capacity for secondary firm customers. INTERNAL CONSTRAINT: LANHAM: There is no capacity for IPP customers. There is no capacity for ITS customers. There is no capacity for secondary firm customers. Excess MDWQ Available + ISS Withdrawals Available SIT Withdrawals Available Imbalance Drawdowns Available Excess MDIQ NOT Available + ISS Injections NOT Available SIT Injections NOT Available Imbalance Paybacks NOT Available PAL Lends/Unparks Available PAL Parks/Loan Paybacks NOT Available + Call Gas Control 24 hours in advance at (304) 357-2606 to request approval. Columbia Gas Transmission has completed allocating all of its receipt and delivery points for the gas day of November 27, 2001. You may now view the quantities you are authorized to flow on November 27, 2001. On the Internet NAVIGATOR, view Nominations, Scheduled Quantity, Scheduled Quantity for Service Requestor-Summary, Nominations to be Viewed, and select Reduced Nominations. The quantities confirmed to flow for your account are available on the Internet NAVIGATOR after 5:30 p.m. Eastern Time on Monday, November 26, 2001. If you have any questions, please contact your Account Representative.

Subject: "Project Sunrise September 30 Go-Live Status".

Body: GREAT NEWS !!!! The second iteration of functional testing for Project Sunrise AR_AP and Earnings products successfully completed. Users have signed off on the products and production loads are underway. A number of users representing ENW, ENA, EES, ETS, EGM, and EBS participated in user testing; and more than 200 users have requested access to the data warehouse. See business unit stats below. EGM London Settlements 11 EGM Houston Settlements 10 ENA Houston Energy Operations 81 ENA Canada Accounting 5 EES Receivables Management 7 Enron Direct, Canada 3 Global Strategic Sourcing 22 EIM Mid Office Operations 20 EBS Trading Support 2 ETS Marketing, Accounting, Credit 33 ENW Financial Operations 20 Another round of thanks to everyone - technical developers, report developers, analysts, DBA, business analysts, ISC consultants, SMEs, business unit coordinators, and product managers - who labored to deliver analysis and reporting tools that will greatly impact the everyday lives of Enron employees. Great job team!!!! Get ready, Get set, and stay tuned for the go.... message that will be delivered to data warehouse users on Monday. Regards,

Subject: "Draft of Singapore Office Findings".

Body:
Per my earlier e:mail message, I am forwarding to you the draft of the report on the operations/controls review of Singapore. (It is an attachment to the message from Scott Earnest to me.) The most current drafts of the reports on Oslo and Frankfurt were compiled by the AA team in London. Nick Swingler is apparently out on vacation this week. I have asked AA personnel from Houston to coordinate with their London office to get you a copy of those two draft reports. Given the time difference, you should receive thos reports via e:mail from AA on Wednesday. --Sally