IN: This is an email
John, I have reviewed the contracts (Asset Agreement and the GPA) and here are my= thoughts regarding your request. In short, the agreements do not specific= ally address capacity being needed by third parties. ENA does have a right= to all of their capacity free and clear of all encumbrances. Last year we= did discuss this issue (the interruptible VNG customers wanting to take re= leases of VNG capacity), but at the time Jim Scabareti indicated that he wa= s going to play hard ball with his interruptible shippers in year 2 (i.e. n= ow), since VNG was really getting tight on assets due year-on-year load gro= wth and no new capacity additions. He gave the assets up last year because= he did not want to have any noise at the VSCC when the VSCC was considerin= g the affiliate relationship between VNG and AGLES. However, as I reflect = on it now, it seems to me that VNG (aka Sequent) really needs to weigh heav= ily the decision to release any assets to third parties through this winter= (interruptible or otherwise). At a minimum, any releases should be done r= ecallable based on weather forecasts based on some HDD amount. The profit = sharing provision is the same for years 1 and 2. My suggestion is that you do the following: (1) remind Sequent about the de= liverability issue facing VNG and (2) develop a plan with Sequent for talki= ng to Customers, so as to minimize any VSCC risk since the VSCC thinks Sequ= ent is VNG's asset manager. =20 Mark Breese is back in the office tomorrow and I will confer with him as we= ll. You might seek Jeff Hodge's thoughts as well. If you have any questio= ns, please ask. Regards,

What is the subject?

OUT: VNG transportation capacity
QUESTION: Here is the final draft for Aguila / ENA. Please review the credit sections, definitions/ MAC and let me know if you have any additional changes as I am ready to send this and follow with execution docs. I am sending only ENA as HPL mirrors this agreement. Thanks
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ANS: Aquila
Group, Enron is attempting to reconcile the daily activities of each counterparty with us. This includes when each counterparty cut us, and schedules that were moved. To facilitate these efforts please put all cuts and scheduling sheets in the accordion file on the RT overflow desk (where Kate used to sit). Also, stay tuned for new information on EPE. Apparently the information communicated by Tony was not completely correct. Thanks,
Q: What is a potential subject line for this email?
answer: Tracking Cuts
Here's today's version. Michael is still running a fairly high fever, so it would be a big help if we can talk via phone. Kay
Answer: FuelCell Contract
Here is an email: Dan, Please be advised that Capt. Knut Bentzr?d will relieve Capt. Oe.Hansen when the vessel is transit Suez Canal on May 7th 01. Have a nice week-end. Best regards
What is a potential subject line for this email?
A: LNG/C"HOEGH GALLEON" - CHANGE OF MASTER
QUESTION: In order to bring better legal coordination and standardization to Enron's Risk Assessment and Control (RAC) group, we have formed a new legal group, which will initially include Lisa Mellencamp (Finance), Marcus Nettelton (Power Trading), Carol St. Clair (Broadband/Power Trading), Mary Cook (Financial Swaps), Peter Keohane (Canada), Ed Essandoh (Retail), Paul Darmitzel (Retail) and Elizabeth Sager (Power Trading) (Team Leader). This group will focus on, among other things, managing Enron's exposures with bankrupt counterparties, working out credit solutions with distressed counterparties and standardizing our overall credit practices. The initial members in this group have been drawn from Enron's numerous legal groups in order to gain a broader perspective. Each of these members will provide support to this new group in addition to their current responsibilities. Within RAC, Michael Tribolet will focus on distressed counterparties, in conjunction with Bill Bradford, who continues to manage the Credit Risk Management group. Please join us in supporting the efforts of this new group.
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ANS:
New Legal Team to Assist RAC