Subject: "My suggested changes to bullet points re: legal role".

Body: ENA Legal (TBD) 1. ENA Legal is responsible for deal documentation and legal sign off for the transaction, and is typically responsible for all transaction-related agreements documents such as MOUs/MOIs, Participation or Development Agreements, and any Agreement, which directs the operation of the project (O&M Agreement, Steam Agreement, Gas Agreement, Power Purchase Agreement, etc.). 2. ENA Legal represents the interests of advises the origination and development team (and other members of ENA management as appropriate) on all legal aspects of a transaction, accessing internal and external resources as required. and reviews/synthesizes comments from the all the groups. 3. ENA Legal works with origination team, Accounting, Global Finance and Tax in structuring the transaction, and communicates with EECC (and others) as required during the execution of the project to faciliate compliance with the structure. Recommendations for improving the interaction between EE&CC and ENA: 1. EE&CC Legal should be involved in the beginning of the process of drafting documents by EE&CC Contract Administration, unless other procedures have been agreed. 2. Due to conflicts of interest, EE&CC Legal cannot represent NEPCO while at the same time working with the deal team. to procure equipment for the same project. ENA Legal and EECC Legal should be advised early in the process of any project-related agreements being generated by EECC, so that compliance with overall deal structure and risk profile can be ascertained. 3. Comments returned to EE&CC need to either be incorporated in the next draft, or if there are issues on the comments, they need to be discussed with the ENA Legal representative or Origination contact, prior to distribution to vendors. 4. EECC Legal and ENA Legal should communicate regarding issues common to both companies so that consistency in position can be achieved as much as possible. Forms of "standard" agreements should be discussed/agreed to enhance consistency. 5. Service and consulting agreements not specific to a particular transaction which can be untilized by multiple Enron companies via tasking letters should be prepared by EECC. EECC should provide information concerning the existence of such service agreements. 6. ENA Legal would should work closely with EE&CC contract administrators in drafting equipment in the preparation of contracts which the contracts personnel have been tasked to prepare. EECC Legal can assist by providing input, but is not required by ENA to sign off on such contracts.

Subject: "Houston Flood Relief Effort".

Body: On Saturday, June 9, Tropical Storm Allison left Houston in chaos dumping more than 20 inches of rain and flooding the city in a matter of hours. As of Sunday night, 17 people had died in the storm and many others are still missing. One of those who perished in the fatal flood was one of our employees, a summer intern in ETS and student at Texas A & M University, Chad Garren. Our condolences go out to his family and co-workers. At this time, Enron Community Relations and Aggies@Enron <mailto:Aggies@Enron> are planning to establish a scholarship fund in his memory. More information on the fund will be forthcoming. Enron has made a corporate contribution of $500,000 to the American Red Cross to aid in the victim relief effort. Enron employees are encouraged to donate to relief efforts and to take advantage of our Matching Gift Program to double the impact of your individual donation. Enron will match your contribution dollar for dollar and your donation will not be counted against your $15,000 annual limit. Although Enron is supporting the American Red Cross, please feel free to make your donation to the non-profit organization of your choice that is offering aid to flood victims (they must provide proof of their 501c 3 status). Please send your check to EB1635a before Friday, June 15, and we will send it, along with a matching check to the appropriate agency. On the memo line of your check, please make sure to write "Houston Flood Relief." We know that many Enron employees have been severely impacted by this devastating flood. Enron cares about you and your family and would like to make sure that your immediate needs are being met. If you have been displaced because of the flood, please contact the Community Relations hotline at ext. 37181 for assistance. Also, if you would like to help your co-workers who have been displaced, an account has been set up at the Enron Federal Credit Union to accept donations. Please bring/send your contribution to the Enron Federal Credit Union and make your checks out to Employee Flood Relief . There are many agencies in Houston in need of volunteer assistance. If you would like to volunteer, please e-mail your name and extension to communityrelations@enron.com <mailto:communityrelations@enron.com>. Please note if you are willing to lead a project. Again, our hearts go out to Chad's family and to all of you who have been impacted by this tragedy. Please continue to watch your e-mail for more information.

Subject: "Bay State Meter bounce fee".

Body: Meredith, please path deal 209359 with 209371 for Jan 31. This should capture the meter bounce fee ENA owes Bay State. Sherry, I don't remember who gave me this invoice. I will leave it on your desk.

Subject: "Bush Economic Team "Inept"".

Body:
This is from a morning briefing that goes out to all of the Schwab clients: So it's a near-certainty that more stimulus is coming from Washington. But the details change constantly, as trial balloons are floated and shot down day after day. Some quick highlights: ? In stark contrast to its foreign policy/defense team, the Bush economic brain trust looks inept, unable to coordinate its plans and apparently unwilling to provide much direction to Congress. ? Filling that vacuum are Republicans who want big tax cuts and Democrats who want to spend much more. ? This means the budget surplus in fiscal 2002 is in free fall. It's possible that the budget could go into deficit this year, but our guess is that it will be in the black by a little, probably under $50 billion. But these estimates aren't worth much right now - the big story is that the surplus is melting fast.