IN: This is an email
Mr. Davis: Susan Flynn passed on to me your comments to the ISDA draft. Please call me when you are ready to discuss. With respect to the Guaranty amendment that we had requested, it is just meant to clarify in the termination section that if the Guaranty is terminated then the Guarantor is still responsible for all of the Counterparty's obligations with respect to any transactions that were entered into prior to the termination date, even if such obligations are incurred after the termination date. I do not feel that the termination language, as currently written in both the WPS and Enron Guarantys clearly reflects this concept as the language as currently written states that the Guaranty "is revocable only with respect to liabilities occurring on or after the termination date." I look forward to hearing from you.

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OUT: ISDA Comments

IN: This is an email
U.S. GEOLOGICAL SURVEY NATIONAL EARTHQUAKE INFORMATION CENTER World Data Center for Seismology, Denver Reply to: sedas@neis.cr.usgs.gov or neic@usgs.gov The following is a release by the United States Geological Survey, National Earthquake Information Center: A light earthquake occurred about 10 miles east-northeast of Olympia, Washington at 9:13 AM MDT today, Jul 22, 2001 (8:13 AM PDT in Washington). A PRELIMINARY MAGNITUDE OF 4.3 WAS COMPUTED FOR THIS EARTHQUAKE. The magnitude and location may be revised when additional data and further analysis results are available. The earthquake was felt in the Seattle-Tacoma-Olympia area. There have been no reports of damage. The location and magnitude for this earthquake were furnished by the Geophysics Program, University of Washington, Seattle. EDIS-07-22-01 0918 PDT

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OUT: [EDIS] EQ MAG 4 3 WASHINGTON [News: Statewide]

IN: This is an email
Andrew, Attached is a rough draft of the CSA. I am still reviewing the version, but it is substantially correct. In the interest of time I am forwarding this for your review. Please note Section 3.4. I am a little concerned about this section from a retail wheeling standpoint. I am trying to find local counsel in Pa to review this section. Please review and lets discuss.

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OUT:
Draft CSA for El Paso