This is the content of an email: Mary, I see that Phil Bair from JWorthan has responded to Phil DeMoes concerning the bond term. No comments were made concerning the legal opinion for the legal counsel for the bond provider. I was going to suggest that the contract language be modified to provide that the Company had a reasonable amount of time at the end of the lst 5 yr bond term to provide a substitute bond for the remaining term and that if the Company was able to get a replacement bond in place before the expiration of such period, no default would occur. Can you tell from the letter that Phil Bair is proposing if their are any other issues that either ENRON or the Bond Provider would have concerning the terms of the Bond and the Customer's methods of getting funding thereunder. ****************************************************************************** ****************************************************************************** ****************************************************************************** ********************************************** This was forwarded to me by Phil DeMoes. Dan, Take a look at this letter prepared by our surety provider on the PEAK pre-pay. In particular, note the last paragraph. I'm concerned on the unwind if there is a default. We plan to meet tomorrow with Joe Deffner and Breese tomorrow morning. Are you available?

Subject: PEAK 2001A RFP

This is the content of an email: Dear Jeff: Just to follow up on my voice-mail message of this morning, please let me know the status of Enron's review of the GISB drafts sent to you on Monday, October 29th? We consider these negotiations a top priority and would like to finalize the GISBs with Enron North America Corp. and Enron Canada Corp. on an expedited basis. Please contact me to discuss. Kind Regards,

Subject: status of GISB negotiations

This is the content of an email: Have you heard anything back from Gas Natural with respect to getting their signed guarantees on the Comercializadora Metrogas and Gas Natural Mexico trades? I've been holding my Enron Guarantees as leverage in getting theirs. We are at the period in the confirms where we need to exchange guarantees...

Subject: Gas Natural SDG Guarantees

This is the content of an email: As most of us are aware, Trasnco will be terminating all master commodity contracts effective 9/1/2000. I don't think we should make any changes to the master contracts in our system until after the 1st. However, we will need start adding the demand contracts to the East and Market East in Sitara. Following is a list of master contracts and the associated demand contracts effective 9/1/2000. Master/Demand Rate Sched Start End Offer 2.2173 - Master FTAR 2.7055 - Master FTCHR 3.4367-Master FTFR 3.5318-Demand FTFR 6/1/2000 10/31/200 19885 3.4522-Demand FTFR 5/1/2000 10/31/2000 19123 2.1439-Master FTLR 2.2390-Master FTLR 2.4539-Demand FTLR 6/1/1998 5/31/2008 10382 .7537-Master FTR 3.5116-Demand FTR 6/1/2000 9/30/2000 19800 3.5115-Demand FTR 6/1/2000 9/30/2000 19799 3.5049-Demand FTR 5/3/2000 9/30/2000 19486 3.4708-Demand FTR 5/1/2000 10/31/2000 19328 3.4358-Demand FTR 4/1/2000 10/31/2000 18972 3.4271-Demand FTR 4/1/2000 10/31/2000 18944 1.3861-Master FTR 2.3496-Master FTR 2.7002-Master FTR 3.3433-Master FTSR 1.0828-Master SE94R 1.2786-Master SE95R
Subject: Terminating Transco contracts