Subject: "Williams Energy Marketing & Trading".

Body: FYI, I have been in touch with Carol in Williams' legal dept. regarding confirm and master issues. Have you received their objection to the confirm. If so, may I have a copy. Thanks

Subject: "Credit Reserve - Williams Energy Marketing & Trading".

Body: Please note the following addition to the domestic credit reserve for September 2001: CP: Williams Energy Marketing & Trading Deal No: 786765.1 EOL No: 1902659 Deal Date: 9/24/2001 Deal Specifics: EPMI buy Term: 1/1/2004 thru 12/31/2004 Volume: 50 MWs Off-Peak Price: $19.00 Delivery Point: Entergy Trader: Mike Carson Credit Reserve Amount: $7,000 (seven thousand US dollars) RAC: transaction confirmed under Master dated 2/1/1997. Please call w/any questions. Ed Sacks

Subject: "Misc".

Body: John: Thanks for your voice mail message. I will wait to hear back from either you or John M. before I respond to Reliant on our issues list. I do agree with you on all of the points that they need to address. On the Event of Default issue, do you think that Janet Greene's proposed language to the "null and void" sentence as well as the drawing certificate works? I was concerned that the language "Event of Default under the Confirm" may lead to some confusion as to what Events of default are covered. What do you think?

Subject: "Final Form of Schedules".

Body:
Rob: Enclosed is what I think should be the final form of the Schedules. I have made some clean-up chnages. In the LC,. my notes indicate that we were going to keep the renewal language in. Please let me know if this draft is okay with you and then we will coordinate getting it executed. Thanks for your help. Carol