Subject: "Note from Sally".

Body: To all Energy Operations employees: ENA has experienced extraordinary growth thus far in 2000. I am especially proud of the accomplishments of Energy Operations in supporting this growth. I wanted to express my appreciation for all the hard work and dedication that you have demonstrated. We have done great work and I want to recognize you for that. Although we have done much, we have additional goals to accomplish within ENA and Energy Operations this year. Therefore, as we go forward, I want to make sure that you have all the necessary tools to do the best possible job, and that any barriers that may impede your work are removed. To help in this effort, I have asked a consulting organization -- S.J. Bashen

Subject: "GE guaranty, opinion of counsel and letter of credit".

Body: In conversations with GE, it is their understanding that their guaranty will not be transmitted until there is a fed ref number tomorrow. The opinion letter will be faxed as soon as the GC is available, or Kent can sign for Dan Rowley if that is acceptable. DRowley can sign originals on Thursday. The LOC is in the works, and GE understands that 10% will be retained in escrow until the LOC is delivered. There will be three original opinions. There is one original guaranty, and I'm not certain of GE's willingness to give more than that. Obviously, there will be only one LOC. Kay

Subject: "reviews".

Body: So far I have talked to everyone but Heather. As I mentioned Nick was much = better than I anticipated. He said things were a little slower than he was = expecting but nothing else. The point I wanted to get across to him was to = take the initiative in working with Jeff and getting more involved within o= ur group. Fran was a little unusual. She was concerned about having to wait each morn= ing before running liquidations because we are not flat and she felt that i= t was a bad reflection on the group if we reported late. She was also conce= rned about the Enpower QandA meeting and why none of the West issues had be= en taken care of that have been sitting there for a couple of months. She a= lso couldn't understand why it mentioning your name before they would take = the index option out of the PCS. She just wished that if Bill Crooks requir= ed your approval then he should say so. Finally, while she has seen some im= provement with Heather, she is still a little unhappy with her. She feels t= hat Heather is not doing her part in helping with the day to day routines e= nough, disappears for a while,etc. I told her that I would talk to Bill abo= ut the status of our projects, that we need to run liquidations by 9 each m= orning no matter what and I will address the issue with Bill Williams and T= im only if necessary. Heather's issues I was going to address anyway, so we= will see how that goes. I did tell Fran that she has really stepped up and= become a "lead" in this group and that she is doing an outstanding job. I = also mentioned to her that I talked to you about the work status thing and = she was very grateful for that. I asked what her long term goals were and s= he thought at some point about getting into structuring and maybe doing tha= t in Houston! I was surprised by that comment. Sam's went fairly well. Her only concern was regarding team spirit. Not wha= t I thought it meant thought. She really means interaction between people, = so I have suggested that we go more regular meeting depending on what proje= cts are going on within the group. She also is comparing herself to Fran an= d the learning curve. She wanted to know how she could learn more like what= Fran has done. The only thing that I see as different between the two is t= hat Fran has been heavily involved with the index and Asian options. I reco= mmended that Sam take on some of these "testing duties" and she was happy a= bout that. John

Subject: "Thanksgiving Luncheon".

Body:
In an effort to conserve space in the refrigerator for tomorrow's Thanksgiving luncheon, please take your old or unwanted items out of the refrigerator this afternoon. Also, if you are bringing a dish, please remember to bring a serving spoon. Thanks!! !