Subject: "ETS Newco".

Body: Lillian, please see the attached authorization memo. It is still in draft form, but since time is of the essence, Geneva advised me to forward it to you now so that you could start working on it. We would like to have the new company formed today if possible. I will let you know if I make any changes to the attached. In the meantime, please do not hesitate to call if you have questions. Susan Scott x30596

Subject: "2001 goals".

Body: Gary, Listed below are the goals that i sent in for your financial trading group.= =20 please review and make changes on this email as you wish. Also please add= =20 details to each dot point that would make it measurable and successful for= =20 2001. Please take a few minutes and make changes and return asap. Financial Trading ? Create $110 million in gross margin and $80 million in EBIT ? Expand Enron=01,s successful equity trading group into other areas that c= an=20 take advantage of Enron=01,s network and competitive advantages in existing= =20 businesses ? Establish agriculture origination and trading business (starting with=20 coffee, sugar, cocoa) ? Establish equity trading group in London and a smaller group in Tokyo Thanks,

Subject: "EBS-Sale Preparation".

Body: Mark and Jim, As part of pulling together Data Room for possible EBS sale, we are asked to come up with information regarding in-house developed software and labor cost. I would like to have your direction on the policy question whether to include Enfiber and Sabor Settlement systems. Sabor Settlement system is using Unify Settlement as the foundation and Enfiber is patterned after EnPower which potentially could give some valuable competitive insight into our Trading. Do you think these systems should be included in the EBS sales package? As shown on the attachment, those systems are included at the present time. Thank you. (including PPCS/Dorado)

Subject: "CDWR Deals".

Body:
I've changed all the deals I could find that contained the counterparty name "California Department of Water Resources - CDWR" to "California Energy Resource Schedulers - State of California." The following deal numbers are those that have been changed. If you come across other daily deals, most likely done by EPMI Short Term California or Short Term Northwest, let me know and I'll change those counterparty names too. 510867/860/857/853/775/774 509540/518/513/511/509/508/504/463/462 Thanks for your help on this. Kate