This is the content of an email: Authors - Thanks for your continued support in making Energy Law and Transactions the most comprehensive energy treatise available! 1. Please send your updates to us by December 31, 2001. Send chapters 1-72 to Dave and 73 and higher to Bill. If your chapter has not been updated in the past year, it needs a review and update. Other details are in the attached in the Update Memo. 2. Please print, sign and mail to Dave Muchow, Attorney at Law, 4449 N. 38th. Street, Arlington, VA 22207, the following Contributor copyright agreement. Matthew Bender needs this.

Subject: Energy Law and Transactions: Next Update Due December 31, 2001

This is the content of an email: Mark Attached is a draft of the chart of power risks. Let me know if there is anything else you would like me to do on this. We are still in the process of reviewing top exposures with credit. Elizabeth 36349

Subject: Chart - Power risk areas

This is the content of an email: John, Thanks for your outlines. Here are a couple of others that aren't kid related. The Choice is just 1 small piece but I love it. Actually, The Choice moved me so much, I sold my piece of the business (Excel) and returned to Enron - the rest is history. Enjoy, Mike PS - We are way to similar!

Subject: Other book summaries

This is the content of an email: Please see the attachment for a specific definition of ELIGIBLE SWAP PARTICIPANT and the TRADE OPTION EXEMPTION. From a legal perspective and to avoid scrutiny and regulation by the Commodity Futures Trading Commission, ENA must always comply with the Trade Option Exemption when entering into options (as buyer or seller) with a third party. Some of ENA's trading parties cannot satisfy this exemption from regulation because they are not a producer/merchant handling the underlying commodity (such as banks, hedge funds, etc) even though they may be entering into the transaction for business purposes. If that situation occurs, ENA MUST ALWAYS BE THE OFFEREE OF THE OPTION (as buyer or seller) and ENA cannot solicit the party to enter into the transaction. If ENA's trading partner fails to satisfy the Trade Option Exemption, our confirmation will EXPLICITLY state that ENA was offered the option to buy or sell by the counterparty. Please call me if you have any questions. Thanks. Sara [ENA legal]
Subject: "financial options" (derivatives) and the Trade Option Exemption