IN: Tom: I'm trying to finalize the ISDA Master Agreement with these guys. We have one issue: If there is a long-term market disruption event (i.e. over 3 days), and we have no fallback price, then we negotiate a price and ENA would normally obtain 2 quotes and average them. Our position is that we prefer to obtain the quotes because if a disruption were to occur, we would obtain quotes for hundreds of deals in the same manner (because our agreements will all have the same provisions) and it is possible that 4 quotes may not be available. NYSEG would like for each of ENA and NYSEG to obtain 2 quotes and then average the 4 quotes. Are you agreeable to this? Sara

Generate a subject line.

OUT: New York State Electric & Gas ("NYSEG")

IN: Libby Rutherford would appreciate a short explanation from you regarding the cross default threshold. She was interested in knowing which financials we were reviewing together with the explanation. Our latest draft provides all parties with $100 million. Libby's e-mail address is: rutherford@pg.com

Generate a subject line.

OUT: Procter & Gamble

IN: Vince, As you meet with employees one-on-one tomorrow, you will want to cover a few items with them. These are some things we determined through reductions in other groups that work fairly well: have Shirley or your team admin prepared to receive all returned equipment (laptops, cell phones, pagers, blackberrys, American Express cards, long distance calling cards, etc.) have someone call Cingular to confirm that Enron accounts can be converted to personal accounts. I believe there is a form that the employee would need to submit to Cingular prior to the termination date. Shirley should coordinate with each employee to verify that all pre-petition expenses have been paid and that all post-petition expenses have been submitted for reimbursement. Because you have some lead time, you might consider instructing employees on how they should leave their desk. It is very helpful if employees can destroy old documents, return supplies to a central location and leave the desk clean. In the past we have realized after an employee leaves that we may not have the right contact information when needing to get in touch with them. Attached is a template to have your employees update their personal information to ensure that any corespondance is appropriately sent. Khymberly and I will both be in your meeting tomorrow at 3pm. Thanks,

Generate a subject line.

OUT: Process for Tomorrow

IN: Hey, great talking to you. I appreciate your willingness to talk to David about the DOE situation. He's a great guy and one of the best substantive lawyers I've met. Short bio--U. of Missouri undergrad, Northwestern law

Generate a subject line.

OUT:
David Hill