Here is an email: We need a brief description of EPMI's business as soon as possible; you were suggested. Could you send me one by Monday morning? Thanks, NJD
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A: EPMI Business
Q: Kathy, As you know we are trying to eliminate all the plugs on the Gas Benchmark. Therefore we would like to begin pulling your positions from the GRMS system. I have attached a file that shows the position that I got when I queried GRMS for the June 14 position. I have also included the detail and a copy of what you reported. As you will see these positions are significantly different. Please look at the detail and let me know if you see the reason for the descrepancy (ie books that we have omitted). Let me know if you need more information. Thanks,
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A: Intramonth Canada Positions
IN: Jay, I want to set up a monthly automatic transfer from my checking account but have had trouble getting a PIN number from the phone number that was mailed to me. I want to have $1,065 transferred into the CMA account; on the 15th of each month if possible. I would like $150 transferred into 226-27211 and then used to purchase the mutual fund already in the account, $175 transferred into 226-27210 and then used to purchase the mutual fund already in the account, and then have the remaining amount ($740) used to purchase the mutual fund in the CMA account (226-27209). Please help. Thanks.

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OUT: Account
IN: This is an email
Today's hearing was dominated by : 1) many lawyers arguing over whether the Commission must declare that the "rate freeze" is over before raising rates, or whether the Commission can rely on its general constitutional and statutory authority to raise rates on an interim basis, without addressing the issue of the rate freeze, and, 1) an appearance by Ralph Nader. The Legal Issue In general, our proposal seems to have gotten some traction. Whether it sticks remains to be seen, however. We proposed that: The Commission has the authority to raise rates without addressing the rate freeze issue. The Commission will not have the facts it needs, and it won't have provided the due process necessary by Jan 4th, to address all the complex issues tied to the rate freeze. And if it tries, it's likely to face a flurry of law suits, which is in no one's best interest. For it's Jan 4th decision, the Commission should confine itself to determining whether, and if so by how much, to raise rates to maintain the utilities' access to capital markets. (We've taken no position on whether there's a need to raise rates.) setting a hearing schedule to examine the "rate freeze" and all related issues thoroughly and methodically. The utilities argued that the Commission must declare an end to the rate freeze; otherwise any Commission decision to raise rates would be easy to attack in the courts. (In reality, the utilities want the Commission to end the rate freeze in order to assure lenders that the Commission will permit the utilities to recover going-forward procurement costs. Under the rate freeze, the utility is at risk for procurement costs that exceed the rate freeze.) In his presentation, our outside counsel offered numerous citations to past Commission decision and court cases supporting the Commission's ability to raise rates if it found it necessary to do so. Many other parties agreed with our position. A few parties said that the issue was too murky to make a call. During questioning, both the President of the Commission (Loretta Lynch) and the presiding judge seemed to indicate that they believe the Commission has ample authority to raise rates without having to address the rate freeze issues. The Ralph Factor Apparently, having lost the Presidential election, Ralph Nader's still looking for work. He showed up at the hearings today and held a very lengthy news conference. From what I could hear, he targeted all of his criticism at the utilities for being greedy, and at the Governor for being too ready and willing to bail the utilities out. Even when thrown some soft balls about "out of state generators," Nader stuck to bashing the Governor and the utilities. But I couldn't hear the entire press conference, so he may have said things that I missed. The Next Steps The hearings that were scheduled to end today will now go into next week. Tomorrow, the utilities are scheduled to make their case for financial hardship. Customers intend to question the utilities very aggressively (as does the PUC). The utilities will also have the chance to question the consumer representatives who filed their own proposals and analysis with the Commission. On Tuesday, the Commission is likely to take up the issue of how big any rate increase needs to be and how much of the increase each customer group should shoulder. More tomorrow on the call. Best,

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OUT: Update--Day 2 of California PUC Hearings
QUESTION: All, For the security model, this is a list of privileges that I've come up with. 1. Financial Read/Write 2. Financial Read only 3. Power Read/Write 4. Power Read only 5. Gas Read/Write 6. Gas Read only 7. IM Read/Write 8. IM Read only 9. Credit Comments Read/Write 10. Credit Comments Read only 11. Legal Comments Read/Write 12. Legal Comments Read only 13. Confirmation Comments Read/Write 14. Confirmation Comments Read only 15. CP Read/Write 16. Keyword Read/Write Please let me know if there are other privileges to be included.
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ANS: Security Model
IN: Below please find a summary of recommendations from a meeting held Tuesday 9/17 between Chip Schneider, Joe Deffner and Wes Colwell. It is contemplated that these or similar recommendations will be implemented to control capital and other expenditures related to transaction development within the Americas: Regional Managers within the Americas (East, West, Canada, Mexico, South America) shall be generally accountable for capital expenditures and other expenses associated with transaction development in their respective regions. The Regional Manager shall designate one Transaction Leader (Director level or higher) for each individual transaction under consideration and shall be accountable to the Regional Manager. The Transaction Leader or Regional Manager shall be the only parties authorized to obligate Enron or its affiliates under any contract or to transfer money. Legal shall provide copies of all draft documents to Accounting, Global Finance and Underwriting. The Deal Leader shall be responsible for drafting initial DASH, seeking buy-in from management and establishing a time-table for expenditure approval. The initial draft of the DASH and economic model shall be provided to Underwriting at least ten business days prior to any movement of money (more time may be necessary if financing or ENE BoD approval is required). Legal shall provide a final Legal Risk Memorandum to Underwriting prior to circulation of DASH. Global Finance shall provide a final FASH to Underwriting prior to circulation of DASH. Underwriting shall be responsible for DASH circulation. Underwriting shall promptly provide Accounting with fully executed DASH to set approved budget limits. Accounting shall keep records of all expenditures, maintain responsibility for approved budget compliance and sign-off on all contracts and money transfers prior to execution. Let me know what further thoughts you have. Regards,

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OUT:
Recommendations from 9/18 Meeting on Transaction Expense Controls / Delegations of Authority