IN: The Enron Oral History Project Continues... "Using History to Help Enron Become the World's Leading Company" How can an understanding of strategic choices, regulatory change and corporate culture help Enron achieve its vision? Speaker: Joseph Pratt, Cullen Professor of History and Business, University of Houston and Co-Director, Enron Oral History Project Thursday, June 7 11:30 a.m. to 12:30 p.m. EB 5C2 To Make a Reservation, Call 3-1941 and Select Option 1 Lunch will not be provided, but you are welcome to bring your own. Please inform us ahead of time if you need special accommodations to participate in this meeting. Call 3-9390.

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OUT: The Enron Oral History Project Continues

IN: Before the day gets away from me, I wanted to once again tell you how much I truly appreciate you and your dedication to our company, shareholders and employees. You did an outstanding job today. You caused tears in my eyes during the last employee meeting and today when you shared your heartbreak related to what we are now going through my heart again went out to you. There is so much I could say, but I think to sum up how I feel is simply to state again that I appreciate you and value your integrity, commitment and honesty. I know there is probably so much you wanted to say, but for sound business reasons simply can not share today. To be honest, I did walk away not fully motivated for the next struggle. It is not a lack of trust, confidence or commitment, but it is simply a natural human response to another blow to our reputation that simply takes time to fully absorb and then move on in a postive and productive manner. You and all of Enron are in my prayers and I know that God will continue to keep his hand on you (and us) and guide us all through yet another personal growth opportunity. Respectfully Cynthia Barrow Sr. Director of Benefits.

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OUT: thank you

IN: I just got off the phone with Aquila's Kansas City attorney about online trading issues and he said he would like to get an ISDA Master in place with us. He said the contact to negotiate is their Calgary attorney, Carissa Browning at (403) 543-7188. I told him I would pass on the request to our Credit team. Much thanks!

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OUT: Aquila Canada Corp.

IN: As promised, attached is the second update on our British Energy hedging program. We have been very successful in the last few weeks moving a number of deals forward. Other retail marketers are starting to come out of the woodwork to purchase power for retail intitiatives. The pending deals listed are those with >50% probability of closing. Obviously, none of these deals are binding, and as we execute some of these, we will re-evaluate the position. Cheers, Paul D

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OUT:
British Energy Update