Subject: "Indicative Pricing for Dominion Resources".

Body: Hi All: Just got off the phone with the folks @ Dominion regarding some indicative pricing I gave them last week for (i) a 7000 Heat Rate Call in TVA; and, (ii) a 7000 Heat Rate Call in SERC. FYI, I had quoted the TVA Call @ $3.97/KW-mo ($1 over our mid) for a 4yr call beginning 1/1/03 with $2 VOM and 5x16 avail with 16hr mins. I also quoted the SERC 7000 call at $1 over our mid, at $3.98/KW-mo for 1 yr and $4.12/KW-mo for 4 yrs, again with 5x16 and 16 hour mins. The good news is --- this pricing generated some interest.

Subject: "H.Q. Energy Services (U.S.) Inc. ISDA Master".

Body: Hydro Quebec has forwarded to us their form of ISDA Schedule for the referenced counterparty for review. There is no indication of what Enron business person is interested in this counterparty. I will forward a copy of the ISDA to Mr. "Canada" Suttle, and open a Lotus Notes entry with the contact information. We won't do anything until we receive a credit worksheet from Credit.

Subject: "Conference w/UBS Warburg Legal Team - 2/7 @ 1:00 p.m. CST in ECS 06716".

Body: Bob Dinerstein, Head of UBS Warburg Legal will be arriving on Thursday, February 7. Bob would like to spend an hour with the business leaders to discuss the energy market and the regulatory/legal environment. I have reserved Conference RM 06716 for this meeting @ 1:00 p.m. CST. The dial-in number is listed below. Please advise only if you are unable to participate.

Subject: "LC's".

Body:
Tom: EGLI is holding a $420,000 LC that expires 12/21/01 covering a deal with Energy Service Providers LLC. According to our records, this deal has terminated. Have we been paid? Are we owed anything? Would we have any grounds for drawing prior to the expiry date?