This is the content of an email: GOOD MORNING AND HAPPY HOLIDAYS! A few things for tomorrow: 1. We have been moved to the Grill Room on the 9th floor of the Houston Club. 2. Please bring the materials that were mailed to you last week (the budget and the year end report). In an effort to be more economical and efficient, we will not be reproducing those documents for the meeting. 3. If you have not already emailed or called in your response for the meeting tomorrow, please do so as soon as you can. Thanks. See you then!

Subject: IMPORTANT INFORMATION FOR TOMORROW

This is the content of an email: Enron Federal Credit Union Stands Ready to Assist You Enron Federal Credit Union would like you to know that we stand ready to assist our members affected by the recent events. We are committed to those who may need special assistance during this difficult time. The State of Enron Federal Credit Union We are dedicated to providing our members with all the services they would normally expect to receive. Business will continue to be conducted as it always has. We will continue to provide loans. In the event you have an EFCU loan or credit card, we will negotiate a workable agreement for its repayment if necessary. These arrangements will be made on an individual basis. ATM withdrawals and Debit Card transactions will carry the same daily limits. EFCU will be conducting "business as usual." EFCU is a not-for-profit financial institution (a cooperative) owned and operated by you, the member. And, although we are here exclusively to provide financial services to the employees of Enron Corp. and their family members, we remain financially independent from Enron Corp. And, your accounts at the Credit Union are insured to $100,000.00 by the National Credit Union Share Insurance Fund (NCUSIF), supervised by the National Credit Union Administration (NCUA), an agency of the U.S. Government. How To Access The Credit Union You may continue to access your funds in the Credit Union at EB 399, through our electronic services, or at any of our Texas Credit Union Service Center branches:

Subject: Enron Federal Credit Union Stands Ready to Assist You

This is the content of an email: I spoke to Kate Cole and she said Enron NetWorks (I'm not sure of the correct spelling yet) was incorporated as a Delaware corporation on 4/13/00. She has made me a copy of their articles of incorporation and LLC Agreement and I am sending a messenger to pick them up, as well as a copy of the officers and directors, which appears to have been approved. The banking resolution went to Julia today for signature. Do we need to adopt any other resolutions (brokerage, approval of agreements, etc.). How about adoption of the trading policy?

Subject: Enron NetWorks LLC

This is the content of an email: Today, we were both OOMC'd and OOME'd for 135mw's for the entire day. The OOME instruction was a category 4, which means operate AT this level. We sold an additional 85 mw's from the plant, bringing the total to 220. Ercot called to tell us to drop the output of the plant to 135. I hesitated because of the confusion we have previously experienced with this product. I contacted Mark Patterson and discussed the category 4 requirements and I agreed to take the plant down. Colleen at Ercot said that she was going to "report me" for not immediately complying. Am I in trouble? JMF
Subject: oomc/oome