Here is an email: This is a reminder !!!!! There will be a Friday Meeting August 18, 2000. This meeting replaces the every Friday Meeting and will be held every other Friday.
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A: ENA Management Committee
Q: All: PLEASE NOTE THE FOLLOWING BASED UPON MY UNDERSTANDING OF THE PARTIES TO THIS PREPAY (1) The Toronto Dominion (Texas) master agreement with ECT is a restricted master. It was negotiated for a prepay several years ago and is not necessarily market (or ENA) standard. It should be reviewed immediately by legal and credit. (2) The Morgan Stanley Capital Group master agreement is very old. IT IS NOT AN ISDA . It is a 1992 Master Energy Price Swap Agreement (limited to simple transactions and commodities). The terminology is not even ISDA terminology. This master has been on the credit/legal radar screen for upgrading to an ISDA. Rod: You need to take a look at the Toronto Dominion (Texas) master agreement now and we should discuss. Treasa: Will there be a rate swap? Under which master(s)?
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A: Prepay
IN: Dear West, We talked briefly on Monday about our commitment to a full work day at Enron. If you are in the office, then please be prepared to contribute to the group for a full day. Our schedule now calls for critical communication in the afternoons. We need to know that each employee will be here every day to create the consistency needed to outperform the rest of the market. We want to remain as flexible as possible with all traders when it comes to an emergency, but remember that you have a commitment to Enron to contribute a full work day. Please organize your vacation on the west desk calendar with Ina and coordinate any early afternoon departures with Ina and myself. Also, prepare to have your markets covered when you leave the office early. Sincerely,

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OUT: Work Hours
IN: This is an email
I have attached a draft of the letter to be sent to Mr. Esses. Please give me any comments you may have by 4:00 p.m. today. Thanks.

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OUT: Euell Energy Resources
QUESTION: Holli: EWEB's Board Resolution of December 5, 2000 permits financial hedging in general and authorizes: "The General Manager or other authorized officers as noted in the Power Risk Management Guidelines to execute confirmations of transactions within the limits specified in the Power Risk Management Guidelines." Each time ENA trades with EWEB, the trader must verify whether the EWEB trader is authorized under the then current version of the Power Risk Management Guidelines. Each date you execute a trade: (1) you will need a list of authorized traders (authorized to enter into derivative transactions) certified by EWEB's secretary to be correct as of the Trade Date and (2) a statement certified by EWEB's secretary that the Transaction falls within the limits specified in the most current version of the Power Risk Management Guidelines, effective as of the Trade Date. We have only a portion of the Power Risk Management Guidelines and it is dated April 19, 1999. Our version is incomplete and probably outdated. Maybe EWEB will provide you with the current version. It would be a lot easier if EWEB's resolution simply authorized it to enter into financial trades documented under the ISDA (which is what most resolutions permit). However, EWEB did not obtain a broad resolution. To Melissa, Sharen and Kim: We should also verify that our confirmations contain these representations. Please talk to me.
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ANS: EWEB
IN: Great Lakes representative, Martin Wilde, is stopping by tomorrow @ 3:00. I have set up this time to discuss with him his operations and present to him any questions we have. Please let me know if you can attend. Thanks

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OUT:
Great Lakes representative