Subject: "ENA Legal Expenditures".

Body: I sent the e-mail below to our lawyers in ENA Legal. In order to provide better oversight and control of ENA legal expenditures on large transactions, please continue to follow the procedures set forth below for transactions where outside legal fees and expenses are expected to exceed $25,000.00. The purpose of these procedures is to (i) improve communication with counsel (inside and outside) on issues, fees and services and (ii) send price signals on legal costs (with respect to specific transactions) on a timely basis to the business units. Every effort should be made to continue to provide high quality legal work that has become standard at ENA. 1. A written estimate of proposed fees and expenses and a written description of the services shall be provided by our outside counsel. The responsible business unit and the General Counsel shall review and approve such written estimate before our outside counsel is directed to provide substantial professional services. 2. Our outside counsel shall be instructed to promptly submit a revised written estimate if such outside counsel determines that legal fees and expenses for such transaction will exceed the previous written estimate by $25,000.00. Such revised written estimate shall be reviewed and approved by the responsible business unit and the General Counsel or his/her designee before our outside counsel is directed to provide substantial additional professional services. 3. In order to accurately track such expenses so that the expenses can be properly allocated to the various business units, a work order number should be obtained for each transaction. Thank you for your cooperation. If you have any questions or any other suggestions for controlling expenses, please call me at extension 36544.

Subject: "Pricing Format Change".

Body: Hi all, Paula Lacour has requested that I change the format of the pricing spreadsheet for the following 3 products: Premium Unleaded 93 Waterborne, Unleaded 87 USGC Waterborne and LS No. 2 Fuel Oil Waterborne to dollars per gallon (ex. 61.500 to now read .61500). If there are no objections, this change will take place beginning Nov. 1st. If you do not agree with this change please let me know. Thank you,

Subject: ""Outside the Box" Employee Morale Idea".

Body: Although I realize it is likely too late, an alternative to forgoing the incentive clause under your employment agreement would be to instead accept the $60 million, and set up a lottery for Enron employees in which 30 winners would each win $2 million (or some variant, i.e. 10 winner for $6m, 120 for $500k etc.). This could be done for employees of record at the time of the merger. The idea clearly has pros and cons, but on the whole I feel would create some positive news for people to focus on in this difficult time. It would certainly be a non-traditional and positive way to close the Enron era.

Subject: "Power Indices".

Body:
= = = = = = = = = = = Intercontinenta= lExchange = = = = = =20 = = = = = Firm P= ower Price Bulletin = = = = = =20 = = = = = For Po= wer Delivered on Monday, October 15, 2001 = = = = = = = = = = = =20 = = = = = = = = = = = (Trade Date of = Friday, October 12, 2001) = = = = = = = = = = = = = = = = = =20 Click here to access index history . = = = = =20 = = = = = = = = = = = * volume repres= ents sell-side only * = = = = = = = = = = = = = = = = = =20 Hub=09High=09Low=09Wtd Avg Index=09Change ($)=09Vol (Mwh)=09 Cinergy=09 $20.85=09 $19.50=09 $20.61=09+ 2.03=09= 72,800=09 Comed=09 $20.25=09 $18.50=09 $19.87=09+ 1.20=09 = 10,400=09 Entergy=09 $20.50=09 $16.50=09 $19.30=09- .87=09= 26,400=09 Nepool=09 $32.60=09 $32.00=09 $32.36=09+ .71=09 = 6,400=09 PJM-West=09 $26.50=09 $26.00=09 $26.35=09+ 2.86= =09 40,800=09 SP-15=09 $29.25=09 $27.25=09 $28.21=09+ 2.78=09 = 4,800=09 TVA=09 $21.65=09 $20.75=09 $21.18=09+ 1.18=09 = 12,800=09 = = = = = = = = = = = Includes all tr= ades done from 6 AM to 11 AM Central Prevailing Time on the trade date spec= ified for financially firm power delivered during the on-peak hours (6 AM -= 10 PM CPT for Eastern hubs / 6 AM - 10 PM Pacific Prevailing Time for West= ern hubs) on the delivery date(s) specified. = = = = = = = = =20 = = = = = In= tercontinentalExchange is the world's most liquid trading platform for over=