This is the content of an email: Barbara, Tom Martin called and said it was his understanding that he could buy gas at any EOL point such as Exxon Katy, Waha or Carthage for any term and that he could resell such gas into HPL. I explained to him that the EOL carve out was for transactions of less than one month. He asked if you could call him if his understanding was incorrect and then he asked if you wouldn't mind just calling him to discuss the matter.

Subject: Non Compete

This is the content of an email: Dear Michelle: On Tuesday, October 23, I met with Christina Solomon, counsel for Doug Miller. The elusive Liz Miller failed to attend, having been called at the last minute into an all-day meeting. We have tentatively agreed that we will meet next week. Despite Liz Miller's absence, I believe that the meeting was productive. I learned the following information: 1. Doug Miller claims that there are three power grids that are unrelated, that he worked only in the East for ENA and works only in Texas for Calpine. Thus, he claims that his duties and activities do not overlap in any way with those he performed for ENA. 2. Calpine did not know of Miller's non-compete at the time Miller was hired because he believed it had expired. He brought it to Calpine's attention immediately upon being contacted by ENA. 3. Christina argued, as she did in the answer and counterclaim, that the non-compete agreement was fatally overbroad, as Miller never had any duties involving the majority of the activities from which the non-compete purports to bar him. In response, I told her the following: 1. We do not accept Miller's assertion that simply working in another region will sufficiently insulate our trade secrets, since strategies may not be confined to a single region. 2. I pointed out to her that Miller's contract very clearly states that the non-compete extends three months after employment even if the contract term has expired. I also pointed out that he was reminded of his non-compete orally several times by ENA personnel upon his resignation. 3. I explained that the non-compete had been enforced on many occasions and that it was carefully crafted with an eye to protecting the many trade secrets to which Miller may have had access. I argued that strategies concerning one aspect of ENA's business might impact many other areas and that, as such, the non-compete was not overly broad. [She asked what trade secrets we were trying to protect!! I, of course, declined to answer.] Despite the fact that I believe that these facts are clearly stated in our petition, she confessed to not having viewed the situation from the "trade secret perspective." We ended the meeting with her stating that Calpine and Miller were both interested in trying to resolve the matter and that she welcomes a proposal from us. While she did not elaborate, I believe that they would entertain a suggestion of some sort of limitation on his activities for some short period of time. Please let me have your thoughts about this matter. Thanks. Best regards,

Subject: Enron v. Miller

This is the content of an email: 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: Transco Historical Imbalance & BUG/LILCO Accounting Issues

This is the content of an email: Please note change in red on Key Contact List for week of December 27, 1999= . Attached please find a Key Contact list for Energy Operations for the weeks= =20 of December 20 and December 27, 1999. Note the following schedule for risk= =20 book reporting to accommodate the holidays.=20 Trade Date Enron Status NYMEX Equity Market Consolidated Risk Reporting= =20 Thursday, 12/23 Holiday Open Open DPR published =01) normal schedule ** Friday, 12/24 Holiday Closed Closed DPR not published ** Monday, 12/27 Open * Open Open DPR includes 12/24 & 12/27 P&L Tuesday, 12/28 Open * Open Open DPR published =01) normal schedule Wednesday, 12/29 Open Open Open DPR published =01) normal schedule =20 Thursday, 12/30 Open Open Open DPR published =01) normal month-end schedule Friday, 12/31 Holiday Closed Open DPR not published ** (closed 1PM EST) Monday, 1/3 Holiday Closed Open DPR not published ** Tuesday, 1/4 Open Open Open DPR includes 12/31, 1/3 & 1/4 =20 Notes: * Canadian holiday ** Trader P&L and Position reports will be produces for traded products = =20 Distribution:=20 ENA Office of the Chairman Commercial Pulp & Paper Energy Operations Cliff Baxter Greg Whalley Edward Ondarza Kristin Albrecht Kevin Hannon Sheila Glover
Subject: Holiday Coverage Contact-REVISED