IN: This is an email
Given all of the recent news about California-related litigation, I thought that it would be a good idea to hold an information session for people on the desk about what is happening with Enron on this front. I have asked Richard Sanders, who is ENA's chief litigation lawyer, to make a special trip to Portland to talk to us about it. He will be prepared to review the foundation of all of the current lawsuits that are ongoing and what these lawsuits mean to Enron and to us as traders and marketers. I strongly encourage you to come to this meeting as I think that you'll find it very useful.

What is the subject?

OUT: MANDATORY MEETING: California Litigation Update

IN: This is an email
There has been a move scheduled for you on Tues., Oct. 2nd. Please let me know if you have any questions or concerns. Your new location is as follows: David Forster - 3121d Susan Lindberg - 3129a Eric Saibi - 3111d Smith Day - 3120b Ed Baughman - 3110e Reagan Mathews - 3122d Thank you,

What is the subject?

OUT: Move Scheduled

IN: This is an email
John: Listed below are questions that the banks have asked us to address in the meeting scheduled for tomorrow morning at 10:00am in Room 20C2. JPMorgan Chase and Citi/SSB are doing due diligence for a short term liquidity facility. They have specifically asked for a better understanding of the T&M business. I suspect you have a canned presentation that you use. That will be fine. They are very focused on cash generation. Trading & marketing business: a) What effect of a global slowdown on the business both short-term and long-term? b) If capital is restricted to T&M companies in general, can ENE continue to grow volumes? c) What happens to ENE's earnings & cash flow if volume growth slows / declines - is there an annuity part of the business? (How much of future cash flow has been monetized through pre-paid transactions?) d) What happened to ENE in Europe during the quarter (volumes grew substantially and no earnings growth)? i) Is this a long-term phenomenon? ii) Can / will something similar happen in North America e) What is the status of global deregulation? i) Scaling back venture in Japan? ii) Reports that gas competition in Germany is facing difficulties iii) Laying off people in Europe f) What is current VaR - if not lower than at 12/00 & 6/01 - why not?

What is the subject?

OUT:
Meeting 10/24 at 10:00am JPMorgan/Chase and Citi/SSB