Subject: "California Capacity Report for Week of 9/17-9/21".

Body: Transwestern's average deliveries to California were 917 MMBtu/d (84%), with San Juan lateral throughput at 854 MMBtu/d. Total East deliveries averaged 485 MMBtu/d. El Paso's average deliveries to California were 2020 MMBtu/d (69%): - PG&ETop, capacity of 1140 MMBtu/d, deliveries of 627 MMBtu/d (55%) - SoCalEhr, capacity 1250 MMBtu/d, deliveries of 939 MMBtu/d (75%) - SoCalTop, capacity 541 MMBtu/d, deliveries of 454 MMBtu/d (84%) Friday's posted Gas Daily prices: SoCal gas, large pkgs 1.795 (-.145) PG&E, large pkgs 1.695 (-.31) TW San Juan 1.37 (-.145) TW Permian 1.635 (-.22) Enron Online bases: Nov-Mar Apr-Oct Perm-CA .185 (+.015) .24 (-.02) SJ - CA .27 (+.01) .485 (-.055) SJ-Waha .12 (+.01) .28 (+.01) Perm-Waha .035 (+.015) .035 (+.005)

Subject: "New Years Day".

Body: NNG had EDI problems this morning, Evidently TMS ran out of disc space cau= sing all of the files to get hung up in the HUB for the Final cycle and the= ID1 cycle. The help desk was paged at 7:35 a.m. to report the problem , To= by responded, but was having trouble reaching the on call TMS. We did not g= et a response until 8:55 a.m. from TMS , the EDI files were in the HUB for = over two hours. Mary Draemer was very helpful and made follow up calls so w= e could relay an estimated time frame to our customers when this problem wo= uld be resolved. Monday 12/31/2001 we also experienced printer problems , w= e were told that a print server was down, the Solution Center was redirecti= ng print servers on an individual basis at our work stations. Kathy Washing= ton could not print this morning and had tried to contact someone at the So= lution Center, and did not receive a response back for quite a while, we we= nt through the Help desk (Toby) and either he contacted Glen or Glen respon= ded to the earlier page, We had several technical problems to work through = this morning, but the most critical problem was trying to reach our support= people. New Years Morning Crew, Kathy Washington Chris Greaney

Subject: "Corrected pages to ISDA Schedule and Annex".

Body: Tana: Please review these pages for corrections and insert into original. Rod should return tomorrow and we can execute and FedEx to PG&E. Thanks. Sara

Subject: "Enron Security".

Body:
John, Further to the voice message that I left you, I have recalculated the amount of security that would be required if all of the modified direct sales contracts are acknowledged by noon January 4. The calculations are still a bit rough but I thought this spreadsheet would provide you with something to review. I have used a $35 Pool Price in the calculations. Note the additional tabs in the spreadsheet that detail the hourly generation that the Pool has received for SD3 and SD4 . In determining the actual security required, we will need to review the megawatts in the contracts registered in detail once we have the acknowledgements tomorrow. For simplicity I have assumed that everything is base load and I know this is not correct. Once we know exactly what contracts we are looking at, we can fine tune the calculation. <<December SD3 and SD4.xls>>