IN: Jeff and Laura, I've attached the Gas Bench Porfolio that we discussed. If you need any more information just let me know. Thanks for being patient.

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OUT: Gas Portfolio

IN: David, Attached is a short term sheet agreement that I propose we put into place for the Gallup electric driver which EECC is installing for Enron Compression Services Company. As I understand it now, we have only an AFE with signature for this deal in place. As I indicated on my voice mail, I need something more substantial in place for assignment, since we are selling a portion of this project off to investors. Please review and lets discuss. Timing unfortunately is not long as usual. I would like to meet as soons as your schedule allows. Thanks.

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OUT: Gallup Project

IN: Susan, We bought your ticket yesterday. I will either put it in the mail to you today, or if I do end up making it to the states, I will mail it from there. Where do you want to go when you get here?

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OUT: got your ticket

IN: Guys, I have explained the strategy/tactics that have lead to this position in some detail. In my opinion the company is not at risk and potentially ENA could create significant value from a project that we have very little invested. I understand the construction risk on the bid as much as anyone and we have no intention of lifting their offer. As far as EECC involvement, as I had mentioned, Coleman was a part of all these discussions. I will argue that Mike and the ENA deal team made the right call necessary to maximize return in the short run for Enron without investing significant dollars or taking significant risks. Obviously, I was unsuccessful in explaining such a sophisticated strategy. Regards

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OUT:
Las Vegas CoGen