IN: Summary of RTO-Related Events for the Week of September 10, 2001 *************************************************************************************** Monday, September 10 FERC Administrative Law Judge for the Southeast releases her report on the SERTO mediation process Tuesday, September 11 Steve Kean to speak with select reporters regarding Enron interpretation of SERTO report House Subcommittee on Energy and Air Quality holds hearing on Electric Transmission Policy: Siting, Incentive Rates, and Reliability - Jim Steffes to testify on behalf of Electric Power Supply Association (EPSA) Wednesday, September 12 Newly-appointed FERC Chairman, Pat Wood, to preside over his first meeting at FERC. Intends to state his FERC business policy Thursday, September 13 Enron hosts breakfast for Republican Governors Association in Houston - Ken Lay to speak on RTOs Senate Committee on Energy and Natural Resources to markup Senator Bingaman's draft energy legislation Friday, September 14 House Subcommittee on Energy and Air Quality holds hearing on Electric Transmission Policy: Regional Transmission Organizations, Open Access, and Federal Jurisdiction Enron to file protests/comments in the ARTO and MISO compliance filings made to FERC on 8/31/01 requesting further proceedings (mediation, settlement conference or staff technical conference) to establish a single Midwest RTO. (Numerous Midwest PUCs, consumer groups, and industrial groups filed similar requests at FERC this week). Enron to file a Show Cause Order asking FERC to require utilities and public power to make affirmative statements to join FERC-approved RTOs or face repurcussions (i.e. loss of market-based rates, new rate cases, reduced rate-of-return, etc._

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OUT: RTO Calendar for Week of Sept 10

IN: Please find the attached draft version of our proposed gas supply structure. We have focused on minimizing your fixed charges while still giving you the right to call on up to 30,000 mmbtu/d of Firm Cheyenne supplies. In addition, Enron will manage your transportation and imbalances associated with your PSCO transportation contracts. Obviously we will need to see those contracts prior to finalizing this transaction in order to assure we can meet those obligations. In addition, I am sure we will need to "tweak" this proposal to meet you physical requirements (volumes, terms etc.) Please give me a call once you have had a chance to review the attached.

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OUT: Cheyenne gas supply proposal

IN: Gentlemen - I hope you all are doing well. I wanted to follow up with guys on supper club. I believe it's our turn in the "rotation". ML and I thought it might be fun to change it up a bit and go some place like the Mucky Duck where we could eat and watch a band or go somewhere like the Laugh Stop for dinner and a comedy hour. We will treat on the dinner and first round of drinks. I would say on all drinks but given Kevin's past rampages with the bottles of wine I better not guarantee full payment of that at a restaurant. If that's a problem, I can always bring Kevin a small flask and straw that he can have during the night. ML talked to Lisa and I talked to Dax and it sounds like Sunday, November 11th will be the only date that might work. Follow back up with me and let me know if that will work. Take care and talk to you soon.

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OUT: Supper Club

IN: <<closing list.DOC>> Attached is a list of closing documents which I told Joe I would send. We have copies of the necessary UCC search certificates in our office. Lisa Mellencamp asks that you return the executed documents to our offices so that we may review them and coordinate execution by the Enron Parties. The UCC filing statements need not be signed. As to the changes requested in the Sager draft, Lisa, Robert and I agree that the language suggested for 2(e) of the Second Amendment was, as stated, only clarifying and need not be inserted in light of the balance of the text of the 2 (e) and the statements made in your proposed 8K. We understand that the other changes in the Sager draft were made in drafts subsequent to the one she was reviewing or are corrective only and will be made by you. Thanks for all the hard work. - closing list.DOC

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OUT:
closing list.DOC