IN: Attached is the latest set of documents which have minor revisions based on my discussions with Chris last week. These have been only redlined against the prior version, not the original versions. Let me know if you want redlines against the original docs. The LLC was not included as no changes were made from the versions already forwarded. With respect to the cash out imbalance procedures. The Administrative Services Agreement (Exhibit B) currently has a rough procedure for such cashout. It is also written such that the Members can adopt a new procedure at any time. If the current procedures are not sufficient, it probably make the most sense to have only a working draft (approved by the members) of procedures in place until we have a few month of operations under our belt to work out the bugs. Scott Sitter will be developing this draft. The development of these procedures can be done outside these current revisions. A final imbalance procedure would be adopted by written action of the members upon development of those final procedures. Let me know if you have any questions.

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OUT: Lost Creek Docs.
IN: This is an email
Tana: When will this be executed? (Lotus Notes indicates not yet) Enron Corp. needs an ISDA Agreement and I want to assign this to a paralegal. Thanks. Sara

What is the subject?

OUT: Deutsche Bank AG ISDA with ENA
QUESTION: Michelle, Long time no see - hope you're doing well despite the difficult times we're in. I'd wish to consult your employment law expertise. Staff in Oslo and Stockholm are employed by the captioned company, incorporated in Delaware. The question has arisen what guarantee, if any, there is for salaries and other employment benefit under a US bankruptcy or Chap. 11. Perhaps you have a memo or something to send over. Thanks. Martin
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ANS: Enron Capital & Trade Resources International Corp.
Ken, My line manager in London was Steven Roselius. He is a good guy with a family and a loyal company man. He is a Texan and over in London on a two year contract. Now he has just rented his house out in Houston on a six month contract so has no where to live and no job. He has lost 100K in Enron stock. If you can offer him any help please do so, he is under a lot of stress which he is taking quietly. Regards,
Q: What is a potential subject line for this email?
answer: steven roselius
Here's today's version. Michael is still running a fairly high fever, so it would be a big help if we can talk via phone. Kay
Answer: FuelCell Contract
Q: Lisa and Liz; I am very concerned about the way that credit is handling and coordinating = with us on margin issues. For over a week we have been waiting for them to= compile and send to us information on LC's that are due to expire at the e= nd of December. We finally received a very cryptic spreadsheet this aftern= oon which requires alot of follow up in order for us to determine what our = rights are. I get the sense that credit assumes that since we are in bankr= uptcy we will never have the right to draw on LC's that we are holding when= in fact we know that this is not necessarily true. For example, this afte= rnoon I found out that we are holding an $8 million LC for trades done with= Enserco under an ISDA. The drawing condition is a failure to pay. Under = the ISDA, they were required to renew this LC within 20 Business days of th= e expiry date which is 12/31. If they don't renew I'm hoping that we can d= eclare an Event of Default, terminate, request payment of a termination pay= ment and if they don't pay draw. I'm not sure that by following all of the= cure periods in the ISDA we can be in a position to draw on the 31st. Tha= t's just one example. Do you have any thoughts on this?
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A:
Credit issues