This is the content of an email: I don't see any problem with this transaction since it appears to be limited to Louisiana assets, but the issue of whether we are impacted by the noncompete agreement strikes me as a commercial call. Please let me know if you have any problem with the transaction and I will pursue it. Thanks. DF

Subject: LRC Joint Venture

This is the content of an email: CONFIDENTIAL AND LEGALLY PRIVILEGED Vicki Many thanks for your assistance yesterday. Clinton Energy Management Services, Inc. because it holds a current power marketing certificate is an entity which we would like to move to being a direct subsidiary of Enron Corp. to take effect today. This is considered to be an essential part of restructuring to meet our current and future needs. While the day to day control will remain where it is and all the efforts assign contracts and other work should progress as planned, since the value to Enron Corp. is the power marketing certificate nothing should be done to jeopardize this. In addition we will be changing the charter and will need copies of the existing charter to effect those changes required. Please call me if you need to discuss this further. Kind regards,

Subject: CONFIDENTIAL AND LEGALLY PRIVILEGED

This is the content of an email: Maria: Could you please send me a redline of the Guaranty Agreements and LC (either by fax or e-mail) that crosses through and/or underlines the changes that were made? Also, please send me a redline (either by fax or e-mail) of both the CSA (when it is ready) and ISDA Schedules that underlines or crosses through the changes that were made so that I can sign off on this. The fax that I received did not indicate all chnages that were made in this way. Thanks.

Subject: New Drafts

This is the content of an email: Dorothy: I am dropping you this e-mail at the request of Rod Hayslett and in response to your voice mail message to him concerning the status of the price redetermination under the LNG contract with Duke. The parties reached settlement on this issue about a week before arbitration. The new price beginning September 1 is 92.5% of the Equivalent MMBtu Price of No. 6 Fuel Oil less $0.25 per MMBtu. Of course, the other provisions of the contract, such as the ceiling price, the floor price and the bank provisions, remain. I trust that makes some semblance of sense. If you have additional questions, please call. Jeff
Subject: Duke