IN: This is an email
Pursuant to Lora Kinner's request, I am attaching our form master netting agreement. The lawyer who will be working with you is Anne Koehler (713/853-3448; anne_koehler@enron.com). She is out of the office at a seminar and will be returning on Thursday, November 29. Please let me know if you have any questions or need anything else.

What is the subject?

OUT: Master Netting Agreement

IN: This is an email
After meeting with Larry Joe Hunter, we will not be granting tagg access to his group. They were wanting access to change deals that were booked to the wrong counterparty. The problem here lies in that they were wanting to do these changes in the afternoon while we were calcing. This is not an option. Therefore, the resolution is we are responsible for these corrections. We must get the deals entered into the system with the correct counterparty initially. Our credit risk exposure is the bottom line. If we do not have all the deals to the right counterparty each day, we may not be receiving enough money on Letter of Credit from CP's. FYI, this is going to be a highly visible area for us to make mistakes. If we continue to make these mistakes, we as a group will catch severe fire. To help us do this correctly, Bianca will be handing out a revised and updated counterparty list on a monthlly basis. We will still have emails sent denoting CP name changes, I reccomend writing these down on your sheets to keep for future reference. If all else fails and there is something you are not sure about, please call Bianca Ornelas at 5-3782. If you have any questions, please give me a shout. Thanks. PL

What is the subject?

OUT: Counterparty names

IN: This is an email
Cathy, At the request of Mitch Dutton, I have reviewed the form of 311 and intrastate gas transportation agreements provided to AEP by Duke Energy Guadalupe Pipeline, Inc. and by EPGT Texas Pipeline, L.P. As we discussed this morning, these agreements appear to be the standard form of agreement utilized by these counterparties. Although I have no authority to approve them for execution by AEP, had they been provided to me for execution by HPL, I would approve them for execution. Please note the Balancing and Penalties provision of the agreements for the charges which these parties could impose should receipts and deliveries get out of balance. If time permitted I would suggest that these charges be negotiated to something closer to the actual costs incurred by the transporter. However, it has been my experience that these parties are reluctant to change the standard form for standard transportation services. No contract documents have been provided concerning the TXU Lone Star Pipeline. The only documents faxed were two transportation services request forms.

What is the subject?

OUT:
Gas Transportation Agreements