Q: All: Following is a list of outsanding items: (1) ISDA Master Agreement (Schedule and Credit Support Annex) I need to better understand EWEB's proposed settlement language. ENA generally sends an invoice when the counterparty owes a payment (but not when ENA owes a payment). The invoice reflects the outstanding transactions for a given Calculation Period and the net amount owed. ENA can generate this invoice in all cases. Does EWEB intend that BOTH parties always send reciprocal invoices? Is is necessary that the Calc Agent ALSO make a phone call? What does EWEB's language "separate invoices and documentation covering each Transaction sufficient to permit the other party to comply with its interanl accounting and record keeping procedures concerning individual Transactions" mean? Please call me to resolve. When can we execute? (2) Cable Huston legal opinion: please add (1) opening paragraph: "(iii) the Confirmations for Transactions ENA Contracts Nos. 447459.02 and 447459.4 each dated October 30, 2000 ..." (2) Paragraph 12 prior to the period in the first sentence: "as those terms are defined in the Master Resolution adopted by the EWEB Board on June 16, 1986, as supplemented" (3) the two (2) confirmations These require execution by EWEB. When will this be done? (4) Bond Counsel opinion Dick, I sent you an email on Friday. ENA is pleased to discuss with your counsel. Please refer to Larry's legal opinion: the deleted Paragraph 10 of the December 21, 2000 draft and the Paragraph 12 of the December 30, 2000 draft for the type of information requested. Please let me know if I have left out any items. I would like to finalize documentation today. Regards. Sara
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A: Finalization and Execution of ENA/EWEB documentation

Q: FYI, I have a database where I keep track of my online approvals/declines and reasons why (if there are any!). I don't know to what extent Frank ever looked at it, but you might find it helpful. It is called "ENA Legal Online Trading Agreements" database. If you're interested, I'll ask Mike Neves to get you access.
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A: Legal EOL Database

Q: Ken and Greg I am part of the Enron Tax Department, assigned currently to Enron Global Assets, previously to Enron India. Your comment regarding the very bad investments Enron made in international assets is absolutely true. Perhaps the assets themselves are not all that bad, Enron just over-paid, over-built or over-leveraged. In some cases, I suspect we did all three! But that's not the point of this message. When you make statements like you did in yesterday's Investor conference call it erodes EGA's ability to sell those assets (who wants to buy a very bad investment ?) and chokes the spirit of the employees who have remained loyal to Enron and continue to support the needs of EGA. The 100 or so members in the EGA support group did not make the bad decisions. Those were made by former and current executives, RAC, Enron's Board of Directors, and others who were well-qualified to make such decisions. I cannot begin to tell you how hard Tax, Legal, Accounting, PR, etc. worked to make the best of what often-times looked to us to be a stupid if not bad investment. Many of those who remain have devoted several years to Enron's international experiment. We've given up dinner with our families, weekend soccer games and campouts, in many cases we have even sacrificed our good health. I suspect we will continue to make those sacrifices in order to close asset sales and efficiently return to Enron the remaining value. Please, when you proclaim to the World the very bad investments Enron made, take some time to remind those of us who are left to unwind these investments that Enron is fortunate to have some very bright and dedicated employees diligently working to contain the damage already done. Sincerely,
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A: ... we definitely made some very bad investments ...

Q: Norma, Vince J Kaminski/HOU/ECT@ECT, Stinson Gibner/HOU/ECT@ECT, Pinnamaneni Krishnarao/HOU/ECT@ECT, Vasant Shanbhogue/HOU/ECT@ECT, Mike A Roberts/HOU/ECT@ECT, Joseph Hrgovcic/HOU/ECT@ECT, Tanya Tamarchenko/HOU/ECT@ECT, Zimin Lu/HOU/ECT@ECT, Martin Lin/HOU/ECT@ECT, Maureen Raymond/HOU/ECT@ECT, Osman Sezgen/HOU/EES@EES, Paulo Issler/HOU/ECT@ECT, Amitava Dhar/Corp/Enron@ENRON, Alex Huang/Corp/Enron@ENRON, Kevin Kindall/Corp/Enron@ENRON, Kevin G Moore/HOU/ECT@ECT, Clayton Vernon/Corp/Enron@ENRON, William Smith/Corp/Enron@ENRON, Jose Marquez/Corp/Enron@ENRON, Chonawee Supatgiat/Corp/Enron@Enron, Shalesh Ganjoo/HOU/ECT@ECT, Tom Halliburton/Corp/Enron@Enron, Elena Chilkina/Corp/Enron@Enron, Sevil Yaman/Corp/Enron@Enron, Sofya Tamarchenko/NA/Enron@Enron, Bob Lee/NA/Enron@Enron, Gwyn Koepke/NA/Enron@Enron, Hector Campos/HOU/ECT@ECT, Anita DuPont/NA/Enron@ENRON, Youyi Feng/NA/Enron@Enron, V Charles Weldon/HOU/ECT@ECT, Yana Kristal/Corp/Enron@ENRON, Praveen Mellacheruvu/HOU/EES@EES, Li Sun/NA/Enron@Enron, Stephen Bennett/NA/Enron@ENRON, Roman Zadorozhny/HOU/EES@EES, Lance Cunningham/NA/Enron@ENRON, Leann Walton/NA/Enron@ENRON, Shane Green/HOU/EES@EES, Seksan Kiatsupaibul/HOU/EES@EES, Kate Lucas/HOU/ECT@ECT, Nelson Neale/NA/Enron@Enron, Rabi De/NA/Enron@ENRON, Kenneth Parkhill/NA/Enron@ENRON I am sending you preliminary rrankings for my entire group, based on the results of a meeting we held on Tuesday. Permanent goup members, manager and below: Superior: 1. Martin Lin 2. Joe Hrgovcic 3. Tom Haliburton 4. Jose Marquez Excellent 1. Paulo Issler 2. Robert Lee 3. Chonawee Supatgiat 4. Amitava Dhar 5. Alex Huang 6. Kevin Kindall 7. Praveen Mellacheruvu 8. Shanhe Green 9. Stephen Bennett Strong 1. Lance Cunningham 2. Clayton Vernon 3. Youyi Feng 4. Yana Kristal 5. Sevil Yaman Permanent goup members, directors: Superior 1. Krishnarao Pinnamaneni Excellent 1. Osman Sezgen 2. Tanya Tamarchenko 3. Zimin Lu Satisfactory 1. Maureen Raymond Associates, analysts Superior 1. Shalesh Ganjoo 2. Gwyn Koepke Excellent 1. Hector Campos 2. Kate Lucas 3. Sun Li 4. Roman Zadorozhny 5. Charles Weldon
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A:
Preliminary rankings