Q: In some areas of ENE 2 people are doing the work 1/2 person could do. Is this magnified throughout ENE as numerous people in other departments have claimed? Shouldn't we be reassessing our manpower needs on a broader basis to cover the real needs? This would result in a reduction of manpower, but employees without real jobs to do have low moral which adversely impacts the whole company. The ultimate result would be a stronger company both financially & professionally.
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A: REDUNDANCY

Q: At the request of Sara Shackleton, I am attaching a clean and blacklined draft of the Schedule and Credit Support Annex to the referenced ISDA Master Agreement. Can you please provide or confirm the following information: (1) since the Counterparty is Australian, I have added the Counterparty's ACN Number to the document. Can you please provide that number to us. (2) Can you take a look at the definition of "Obligors" in the Credit Support Annex and let us know if it references the correct Obligors under the Loan Agreement. Since I will not be in the office this afternoon, can you please call Sara at (713) 853-5620 or Stephanie Panus at (713) 345-3249 with your comments. Thanks for your attention herewith.
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A: James Hardie ISDA Master

Q: Tanya: I just spoke with Chris about this ARCO transaction which might trade TODAY. We are "cleaning up" some of the language as it was based on the prior ARCO deal (when we were ECT). Please note that Enron Corp. previously provided a guaranty. I am not certain whether that guaranty is tied to the transaction specifically and I'll try to track down. Will ENA provide a parent guaranty for the new transaction? Please let me know. Thanks. Sara
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A: Confirm for Power Swap

Q: Per Louie Soldano, I called Dave Sinclair (GPG ROW) about whether we have any ability to negotiate a favorable right of way deal with the BNSF railroad. In Dave's experience, that is a nonstarter. Apparently, a bunch of utilities, including us through Dave, have even formed a coalition to try to figure out how to get the railroads to be more cooperative. If the RR owns its ROW outright (which many of the old railroads do out west) we might be able to condemn an easement by getting a FERC certificate. In other words, the RR would be treated just like any other landowner. If we did that, Dave thinks BNSF would treat it as a declaration of war. Since our lines cross or parallel BNSF right of way all over the place from Topock to Duluth, that would be foolish. I swore Sinclair to secrecy and told him what part of the world I was interested in and he thought we could probably stitch together private ROW without too much pain. If the RR option doesn't pan out, we may want to suggest to Tino and Dennis that our ROW people can handle this. Assuming we can't come up with some magic contact with the RR, I propose that, at the appropriate time, we tell Dennis and Tino that the last 7 or 8 miles of ROW should be flagged as a potential problem that Enron can help resolve once we decide to go forward. Other than the BNSF issue, I don't think we have any specific "to dos" or any specific comeback date to Dennis and Tino. So what do you guys think should happen next? DF
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A:
BNSF