IN: You had asked for my input on a response to a letter you received from Tom Donahue regarding increasing Enron's contribution to the US Chamber to $100,000. I have been giving the Chamber a bit of a hard time lately and wanted you to know why. I have been in touch with both Tom and his staff over the last year. Donahue has done a very good job raising money and getting his membership rolls up, both in terms of membership and dollar contribution per member. My reservation about the Chamber is that they won't take a stand on something which is in the best interests of the vast majority of their membership if it will alienate a vocal few. Electric restructuring was a key example of this. There was no doubt where they should have been on the issue, but instead of embracing retail open access legislation at the federal level they decided to have a "process". Naturally, all the utilities volunteered to participate in the process and outnumbered the nonutility members when it came time to vote. The vote supported wholesale, but not retail, reform (with heavy emphasis on ensuring stranded cost recovery). Afterwards, the federal debate shifted solely to wholesale legislation (though this is not exclusively the Chamber's fault). Unfortunately, Tom's forceful and competitive approach when it comes to raising his membership rolls leaves him unwilling to do the right thing if a few members will be upset. For Enron it's a bit like paying $100,000 for a veto right. The only things the organization pushes for are the things everyone agrees on in the business community -- eg China PNTR and lower

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OUT: US Chamber

IN: Duke Energy Field Services, LP has requested an assignment of TW OBA Cr 26301 to Conoco, Inc. Cr 26301 is the OBA for the Zia Plant (POI 59927). Please indicate your approval by returning this message. Please call me if you have any questions or need additional information.

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OUT: Contract Assignment

IN: All: I am trying to determine what issues are currently being addressed with respect to MG London, Inc. from a U.S. regulatory perspective and WHO is addressing them. My concern arises from questions I am being asked by Gary Hickerson's group regarding FX trading AND (agricultural) trading where the existence of an Enron FCM or CTA could become significant. I will try to have a short call arranged so that we can all understand the planned course of action, etc. I realize that other individuals may be involved and we can include them as necessary. Thanks. Sara

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OUT: MG acquisition and U.S. regulatory issues

IN: =09 =09 Dear Eric, I'm Washington Bureau Chief Peter Cook filling in f= or Jay Rickerts. In Washington, we'll continue to examine the major energ= y issues expected to arise during the New Year. We'll take a look at what = Congress will do with comprehensive energy and electricity legislation. Ou= r Washington bureau will also follow the FERC and its push for regional tra= nsmission organizations and wholesale competition. These are some of the = issues we'll look at as 2002 begins. On Wednesday, energy consultant and = former Assistant Secretary of Energy during the Clinton Administration Robe= rt Gee will join us in the Washington bureau. He'll give us his take on th= e U.S. relationship with OPEC and we'll get his assessment on the start of = retail competition in Texas. Gee will join us during the noon ET newscast = on Wednesday. The big switch is coming to Houston - On Wednesday we'll br= ing you a report on deregulation starting in Texas on January 1. The Houst= on bureau will have details on how the power grid reacted to the switch, an= d get an update from retail electricity providers. Also from Houston, J= ohn S. Herold, Inc. CEO Arthur Smith says upcoming earnings releases may ho= ld some unwanted surprises. He'll join us from Houston on Wednesday to disc= uss his company's research report and what we can look forward to in 2002. = Catch these reports from the Houston bureau on Wednesday. Closing Pr= ices for Monday, Dec. 31, 2001 Crude: $19.84/bbl -$0.57 Unleaded: $0.5= 725/gallon -$0.0157 Heating Oil: $0.5507/gallon -$0.0158 Gas: $2.570/mm= Btu -$0.204 Scheduling Note: We're dark on New Year's Day. We'll see you= Wednesday at 9:00 a.m. ET. Thanks for making this a great first year at E= nergyNewsLive - Have a Happy New Year! Keep in mind things are subject = to change at a moment's notice. Occasionally guests have to reschedule or c= hange time slots. We'll continue to do our best to keep you updated on fut= ure interviews and events. Be sure to watch our newscasts every busines= s day - 9 a.m. to 5 p.m. ET, at the top of each hour. =09 =09=09=09=09 =09=09=09=09=09=09 =09 =09 =09Peter Cook, EnergyNewsLive.com Washington Bureau Chief View today's= Energy Wrap Video Windows Media Player: 56K | 100K | 300K Real Player: = 56K | 100K | 300K (Requires Windows Media Player or Real Player ) Expe= rience all that Williams Energy News Live has to offer! If you are receiv= ing this letter for the first time and wish to continue, subscribe now T= o stop receiving this letter, unsubscribe now If you are having trouble = receiving this e-mail, please let us know or call (800) WILLIAMS (800-945=

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OUT:
Williams Energy News Live -- today's video newscast