Q: Darren: Laurel mentioned that you were interested in existing/pending brokerage/futures agreements. Attached are our most recent matrices by Enron company. ALL of these agreements are negotiated by legal and must be executed by the business unit (VP or higher) and Ted Murphy. Sheila Glover always sends a request and explanation for new account to legal, compliance and Ted Murphy. Legal keeps a comprehensive listing by Enron company in an effort to avoid confusion. Legal updates authorized trader lists and trading resolutions. Let me know if you have any questions. Sara
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A: brokerage agreements

Q: In reviewing the contracts, so far I have the following questions: 1. Have Oman LNG and ADgas taken the risk of non-performance by DPC and indirectly MSEB without any credit support? The only security is the equity in DPC? Are such contracts typically secured or done with a buyer with deep pockets? How much value was put into DPC by the shareholders? 2. Are there local public policy issues that could be addressed by local courts with respect to the LNG contracts? Fraud? Bribery? Are there any local law issues with respect to performance or interpretation of the contracts? Isn't take-or-pay meaningless without credit support? 3. What are the arguments for DPC to terminate the contracts? Only where the PPA is terminated? Payments? 4. Who negotiated the contracts? Were there requests for credit support? From Enron? Did Enron ever promise to indirectly "backstop" the contracts by its investment in Dabhol? 5. What was the discussion regarding the "reduction in operational capability" language in the contracts? What was the language meant to cover? Do we need our counterparty's approval to investigate other markets? 6. Is there any argument that DPC has already breached the contracts? Could our counterparties issue a press release claiming damages over the entire term of the contract? Confidentiality and press releases? 7. What is the law on piercing the corporate veil for an Indian company like DPC? Could this issue be considered separate from the contract and be litigated in India or Oman and thus outside the arbitration? 8. What is the list of all documents that could impact on whether or not Enron has any exposure under the LNG contracts? 9. Are there instances where the Dabhol project could fail and the LNG contracts would not novate to MSEB? Why does it matter if the LNG contract obligations novate to MSEB if DPC has no money? 10. Other potential claims against Enron if the LNG contracts are terminated or not performed?
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A: LNG Contract Questions

Q: Attached is an announcement about The Periwinkle Foundation Board Retreat. We will have dinner and the first meeting Friday, June 7, 2002 at 6:30 p.m. at The Houstonian Hotel. The Houstonian is at 111 N. Post Oak Lane, 77024. We will have the second meeting Saturday, June 8, 2002 from 9 a.m. to 3:30 p.m. at the Ronald McDonald House. The Ronald McDonald House is at 1907 Holcombe Blvd, 77030. Your attendance is very, very important as we will be planning our road map for the next several years. Please reply to this email and let us know if you will attend one or both meetings. Thank you for all you do! Kelley
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A: Board Retreat

Q: Willie - Per our conversation - the West Power desk needs three new settlement indices for entering swaps deals in EnPower. The indices are as follows: Last day settle for MIDC NYMEX contract Last 5-day average for PALO VERDE NYMEX contract Last 5-day average for COB NYMEX contract Please let me know if you have any questions. The first index is a little more pressing than the other two - one of our traders did a futures deal a week ago which we have yet to swap from his book to the one it belongs in. We can't execute the swap until we have a MIDC settlement index. Thank you so much for your help.
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A:
New EnPower Settlement Indices