IN: Eric, The name I have at El Paso is Tim Bourne 713-420-3826. Todd Geiger is my contact over there. He's a Vice President and told me that Tim runs the trading group and would not be in the office until Mon. next week. Fletch

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OUT: Contact at El Paso

IN: Mark, Please review my attached change to the confirm. This makes it clear that if we don't like their changes to the Master we will not accept them and the existing Master still governs. If acceptable I will forward back to AEC. Russell, AEC is reviewing the Master and indicated they would have comments within a week or so. The plan is now to execute this confirm and follow up with the new master. The credit language that was in the earlier version has been removed.

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OUT: AEC Transaction Agreement

IN: Please begin your focus on increasing EOL liquidity as soon as possible. This is not a long term project. Lavo will be seeking immediate results. Thanks,

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OUT: EOL Liquidity

IN: As a follow-up to the Enron Net Works All Employee meeting on October 5, we are pleased to announce a number of organizational changes. Beth Perlman, currently CIO for EA Systems, will work closely with Mark Pickering on a number of key projects for Enron Net Works. Additionally, Beth plans to explore various commercial opportunities within Enron. Replacing Beth in her current role will be Steve Hotte, currently CIO for EGS. Anthony Dayao will continue as CIO for EES Systems. In addition to his current responsibilities, Anthony will assume responsibility for creating a combined Wholesale/Retail Power Trading and Risk Management system. Jeff Johnson will move into the new role of CIO for EGM/EIM Systems. John Paskin will transfer to the Houston office from London to take up the new role of CIO for Corporate Systems. His group will include the ISC, Enterprise Portal, Intranet Solutions, CRM strategy, Treasury Systems, Development Support and will matrix into HR IT Systems. Continuing in their current positions are Inja Chun, CIO for EBS Systems; Paul Freeman, CIO for Enron Europe; Jay Webb, CIO for eCommerce, which now includes Commodity Logic Systems; and Jenny Rub, CIO for Infrastructure. All of the above positions report into to Mark Pickering in the Office of the Chairman for Enron Net Works. Transitions into their new positions will begin within the next two weeks and should be complete by the end of the year. We are currently interviewing individuals to serve as CIO for EGS, as well as an individual to serve as head of our Enterprise Framework group. We will keep you posted on the progress of these searches. Please join us in congratulating all of these individuals on their new responsibilities.

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OUT:
Organizational Announcement