Subject: "Cinergy Guaranty".

Body: Brant, Attached are the form of the JV Cinergy Guaranties. I will route the ENA for signature. Please note Section 2. I made these JV guaranties secondary to the Bridgeline Guaranty. Is March 1, 2000, the correct effective date for these.

Subject: "Interview".

Body: In order to prepare a paper for my graduate class on Leadership, I recently had an opportunity to visit with Stan Horton. Stan provided some wonderful insight on his leadership skills and gave you as an example of a superb leader. He suggested that I also speak with about your views on leadership. Some questions that would be of interest would be what events you think coelesced to bring you to the chairmanship of Enron; what developmental process you knowingly (or unknowingly) went through in your early years and what challenges have you encountered that made a signficant change in your career. If you would have fifteen minutes or so and would be amenable, I would much appreciate visiting with you in the next two-three weeks. If you wish, I could provide you questions in advance to maximize your time. Thank you for considering this request.

Subject: "Morgan Guaranty".

Body: When you get back, I got a call from Koch about the Morgan "assignment". As you recall, we are acting as agent on behalf of Morgan in connection with their commodity business. Koch called me and they want to get a copy of the "assignment". Since it wasn't an assignment, what should I provide them? I don't know that I can provide them a copy of our Servicing Agreement. What should I do?

Subject: "Pompano Beach Energy Center".

Body:
Enclosed please find a draft reponse to DEP's "change of position" in the Pompano case. Although we would normally take DEP heavily to task for its eleventh-hour change of position, and argue that the process cannot fairly proceed without additional procedural protections, I understand that keeping the trial date is our paramount concern here. Accordingly, we have pulled our punches somewhat, and simply try to accomplish 3 things: (1) place all parties on notice that we will be advocating issuance of the original draft permit at the hearing (we can always pull back on issues that turn out to have no consequence), (2) require DEP to clearly state, for the record, exactly what textual changes to the draft permit it is advocating (we will also attempt to do this through discovery), and (3) sensitive the judge to the fact that we will likely need to expedite our discovery from DEP. I would like to file this by mid-afternoon tomorrow (I am travelling on Wed.) and would welcome your comments at your earliest possible convenience. Thanks!