IN: Hi Kent, These are some requested changes to the Salmon a/k/a Delta break out agreement. I'm not comfortable that Lee has reviewed these, as the comments were previously forwarded in another email. In any event, we are looking for GE's blessings on this addition. It seems to me that we are approaching time to gather GE's signatures on the various docs. I will forward separately the email I received from our outside counsel with the final forms of everything but the break out contract, the assignment and assumption agreement and the GE parent guaranty. Thanks for your assistance.

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OUT: Delta requested language

IN: Rob: I received the documents and Susan Flynn will get them executed along with the Enron Guaranty and the other certificates and get them back to you next week. My question for you is when you consider the agreement to be effective for trading purposes? I'm assuming you want to wait for the Enron Guaranty and that any trades done before the Guaranty is sent to you would not be confirmed under the Master. Please let me know your thoughts on this. I have asked Enron's counsel to process the Guaranty ASAP. Thanks. Carol

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OUT: ISDA Master

IN: David: Just wanted to let you know that Jason is doing a fantastic job helping us out! He is eager and willing to do whatever we give him and a quick learner. You made an excellent choice and we appreciate it. Thanks.

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OUT: Jason Peters

IN: Harry: Seems like a good idea for you to participate to ensure that EES is in the loop. Assemblyman Rod Wright's trying to find a solution that the whole industry can embrace, which he'd then foist on the Governor. Sandi, Parquet and Day attended the first meeting last week. I'll forward to you Parquet's notes from the meeting. We'll be setting up a call in number first thing Monday morning. Best,

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OUT:
MEETING VERIFICATION re: Discussion of Rod Wright Meeting in LA