IN: At the behest of Alan Ehlers and Sean Boyle I am forwarding to you for review the attached GISB. Upon your review please do not hesitate to contact me with any questions you may have regarding this matter. Regards,

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OUT: GISB

IN: The state treasurer sent a letter this afternoon to Loretta Lynch. The treasurer claims in the letter that, by extending DA through Sept. 20th, the PUC could have shifted more than $8 billion to small customers. He urges Lynch to immediately roll back the date to July 1. We have started working with large customers to refute the letter. If you would like a copy of the letter, please send your fax number to Joseph Alamo. Best,

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OUT: California Treasurers Calls on Lynch to Immediately Set DA Suspension Date Back to July 1

IN: Guys, to end all arguments, I would suggest the following protocol which is similar to what was discussed at Columbia Lakes: a) P&P swaps and anything to do with the network strategy/assets in the paper sector in Canada and Mexico - Industrial Origination; b) Pure energy commodity positions and stand-alone energy assets (no outsourcing) for all industrial segments in Canada and Mexico - ECC or Enron Mexico; c) Energy outsourcing for all industrial segments in Canada and Mexico - I would like Enron Canada and Enron Mexico to develop a written target list in which ECC, Enron Mexico and the Industrial Origination groups would work together to develop, sell and execute on the most profitable and value adding outsourcing product for the industrial customer in Canada and Mexico - ECC and Enron Mexico's understanding of the energy markets in Canada and Mexico coupled with the customer facing, product development and execution skills in Houston should provide a winning team. I am asking for the three teams to clearly identify the outsourcing targets, lead sales and structuring people and the timing as far as starting discussion with each target customer (ASAP). I would hope that the Mexican and Canadian teams would lead the sales process and the Houston team lead the structuring, customer facing and execution but I will let you decide the optimum mix. Either way, I am expecting this target list completed and agreed to in the next two weeks for Canada and Mexico; and d) for Tembec I don't think it makes sense to change the deal team at this point; however, the US team will keep the Canadian team in the loop and if the products become non-outsourcing related the deal should be passed to ECC. Regards

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OUT: Tembec and US Originators

IN: Rod: As per our phone conversation, the list of information we would like to have follows: 1. FERC Form 2s for the last three years 2. Revenue breakdown: Assumptions made for the contracted period, as well as the time period beyond current contracts - firm/interruptible mix and volumes, tariffs for each type of transportation contract A build up from contracts to the revenues in the model would be ideal 3. As before, compressor gas volumes and assumed sales prices for the projected years 4. As before, the story as it relates to CERA's view of the world 5. Explicit calculation of rate base going forward 6. Employee benefit plan information - funding status, return rates, future liabilities Thanks Rod.

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OUT:
Transwestern information requests