Here is an email: Geoff - Attached for your approval are four confirmations for the Ring Trades done among Enron, Reliant, and Bank of Montreal: You will note that an Exhibit A is attached to each confirm - but can you tell me from whom at both counterparties I can obtain the Exhibit B (transaction b/t Reliant and BOM) in order to attach that as well. Please review and advise. Thanks,
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A: BOM/Reliant Ring Trades
Q: Group, We are starting to see some market changes as we transition into the winter= months. First: With EPE we will start seeing a severe morning ramp. We will have to carefu= lly manage the units to prevent "swinging" them and increasing the chance o= f a unit outage. As the EPE loads plummet off-peak, we should consult the u= nit commitment, and depending on market conditions look to take units off-l= ine and/ or put units on manual and buy energy back. Recently we have sold = energy from EPE at a loss rather than putting costly gas turbines on manual= (Newman 1, 2 and 3), reducing them, and buying that energy less expensivel= y in the market. Our relationship with EPE is at a critical stage, they hav= e a new vice-president and will be hiring new management to lead their mark= eting group. We would like to be a part of EPE's marketing effort going for= ward, but need to continue to prove that our level of service cannot be mat= ched either in-house or by other marketers. I look to each member of the gr= oup to be a part of this effort and to work closely to run the EPE grid as = efficiently as possible. Second: The morning ramp will soon be upon us in the Northwest. It will become very= difficult to get energy in the Nortwest for HE 6 through HE 10. We should = look for congestion possibly on the COI and the DC. Also, as lights and hea= ters come on in the evening, there should be another jump in load at HE 18 = through HE 20. Enron Calgary will also be looking for energy these hours. B= e sure to take this load movement into consideration if you lock a price in= with ECC. Finally: We will have a meeting on TUESDAY--November 6th at 4:30 in the afternoon--(=
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A: Market Changes
IN: Joanie called Kara at CES about deal 282945. This is the CGAS citygate gas for Energy Express. We are selling the gas to CES and CES is reselling it to Energy Express. Kara told Joanie that she does not expect the volumes to change on this deal. Scott needs to work on the capacity sheet so we can tell how much transport CES actually has. There should be some big changes in CES's transport numbers for June. (Ex ENA purchased the BG&E capacity on contract k#65403). Also, if ENA elected to release CES capacity to Clinton or IGS, we need to make sure we record that correctly on the ENA sheet. Any credits we show on the CES sheet will be passed thru to CES.

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OUT: Sale to Energy Express via CES
IN: This is an email
Attached is the report I mentioned, in printed form it shows each discount for each path for each contract. I will mention this to the TW team now, but go over the report in further detail on the first day of invoicing so each can see the discounts for their own shippers. Hopefully this will reduce future PPA's. Thanks,

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OUT: Negotiated Rates
QUESTION: Neither EWS/RAC/EGF employees nor family members or others living in their household or financially dependent on the EWS/RAC/EGF employee may purchase or sell securities of any entity (or derivatives thereof) listed on the Restricted List for your or their personal or related accounts or recommend the purchase or sale of such securities to any person, except with the prior approval of the Compliance Department in consultation with the ENA Legal Department. In addition to the trading restrictions above, should you at any time possess non-public material information about any public company, you, your family members and anybody that is financially dependent on you, are restricted from trading in that issue, and you may not disclose the non-public material information to anyone that does not have a business need to know. With respect to investments in privately held companies, you are responsible for complying in all respects with the policy entitled "Conflicts of Interest, Investments, and Outside Business Interests of Officers and Employees" in the July, 2000 Enron Corp. Code of Ethics. Please consult the Compliance Department with any questions you may have regarding a potential investment in a privately-held company. Company Name Stock Symbol 3 TEC Energy Corp. TTEN Active Power ACPW Adrian Resources ADRRF Applied Terravision Systems, Inc. TER CanFibre Group Ltd. CFGL Carrizo Oil & Gas Inc. CRZO Catalytica Energy Systems, Inc. CESI Crown Energy CROE CyNet, Inc. CYNE Enserco Energy Service Company, Inc. ERC eSpeed, Inc. ESPD FuelCell Energy, Inc. FCEL Hanover Compressor Co. HC ICE Drilling Enterprises Inc. IDF Impact Energy IEY Industrial Holdings, Inc. IHII Kafus Environmental Industries, Inc. KS KCS Energy KCS Nakornthai Strip Mill Public Co Ltd NSM SET Paladin Resources PLC PLR LD Southwest Royalties SWROY Syntroleum Corp. SYNM Tejon Ranch Corp. TRC TransCoastal Marine Services, Inc. TCMS Verado VRDO The Restricted List is solely for the internal use of EWS/RAC/EGF. No one may engage in discussions regarding whether a security is or is not on the Restricted List with persons outside EWS/RAC/EGF without specific clearance from the Compliance Department in consultation with the ENA Legal Department. No employee of any Enron Business Unit may engage in the trading of any Position for the benefit of any party other than an Enron Business Unit (whether for their own account or for the account of any third party) where such Position relates to (i) any financial instrument, security, financial asset or liability which falls within such employee's responsibility at an Enron Business Unit, or (ii) any other commodity not covered by (i) included in any Commodity Group. Position shall mean, collectively, the risk components (including, but not limited to, price risk, basis risk, index risk, credit risk and liquidity risk) of all products (commodities, financial instruments, securities, equities, financial assets or liabilities) which have been authorized for trading in the Enron Corp. Risk Management Policy, any of the Enron Corp. Policies or approved for trading through any amendments to this Policy. The prohibitions listed above do not replace or modify the policies set forth in EWS's Policies and Procedures Regarding Confidential Information and Securities Trading, Enron Corp.'s Risk Management Policy, or Enron Corp.'s Code of Ethics . Should you have any questions regarding the above, please contact me at ext. 31939
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ANS: Restricted List
IN: Just thought you'd like to know that Roger Ebert gave the movie 3 stars. He had many of the same comments to make about the film and Dallas as you. Talk to you soon, Susan

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OUT:
Good news about Dr. T and the Women