Subject: "MICHAEL BERRY campaign: 1) election night; 2) early vote party this Friday".

Body: Election Night Returns Party: on election night, Nov 6, starting at 7 and going late into the night, we'll be at This Is It Soul Food, located just outside downtown. Directions are available at the end of this message, along with a review of the restaurant. Please stop by. The evening will be very casual, and hopefully we'll have good news. Friday evening early vote: early voting ends this Friday at 7 p.m. We're meeting from 4 p.m. to about 8 p.m. this Friday, Nov 2, at La Griglia on West Gray just east of Shepherd. There will be a cash bar and appetizers. It's very, very casual. We're encouraging everyone to VOTE EARLY before you stop by, and bring as many friends or co-workers as possible. You can vote at the West Gray Multi-Service Center just down the street at 1475 W. Gray, between Waugh and Shepherd, across from the Cafe Express. Remember, regardless of where you live, ANYONE can vote at that or ANY early vote site. All you need is your driver's license (in case you forget your registration card). If you're downtown, you may also choose to vote at 1301 Prairie, 16th floor. For both of these events, your check made payable to the Michael Berry Campaign is welcome but not required. PLEASE spread the word. Please cut and paste this message to your list: My friend MICHAEL BERRY is running for Houston City Council at-large position 4 (the seat being vacated by Chris Bell). I hope you'll join me in voting for him. For more information on Michael Berry, see his web site at www.michaelberry.com .

Subject: "Tokheim debt settlement".

Body: Ben Bedell, the lawyer for BT, has called to about the calculations I forwarded to you on Wednesday. Are we agreed? Please let me know asap. I know that the parties wanted to close today. Sara

Subject: "Northwest Reserves".

Body: We currently have $21.4 million in reserve for potential Northwest refunds. $10 million currently sits in the LTCA book and $11.4 currently sits in the LTNW book. During the summer, FERC initiated an investigation into the potential of unjust and unreasonable spot prices in the northwest from December of 2000 through June of 2001. Seatlle City Light, Tacoma City Light, Eugene Water and Electric Board, and Sacramento Municipal Utility District all filed claims at FERC for refunds from EPMI. The claims totaled close to $100 million. However, many of these claims were, on their face, spurious. For example, Eugene Water and Electric Board filed for refund of forward purchases which was clearly outside the scope of FERC's proceeding. We hired consultants from Charles River Associates (CRA) to help us with this process. One of their tasks was to apply the CAISO competitive benchmark pricing methodology to the Northwest market. That is, CRA attempted to reverse engineer the CAISO's methodology in order to estimate our Northwest risk. I was informed by our litigation team that EPMI's realistic potential exposure using this methodology was roughly $30 million. We decided to reserve roughly 2/3 of this amount which came to about $21 million. In September a FERC Adminitrative Law Judge heard the case and submitted a draft decision to the FERC. The draft decision recommended against any refunds. This draft decision is supposed to come in front of the FERC commissioners for approval before the end of the year. If this draft decision is approved, it would be appropriate to remove these reserves.

Subject: "PLEASE RESPOND: Training Opportunity--Tricks of the Trade (Thursday, November 8, 2001)".

Body:
Hello again! You have been identified by your manager (and Amy FitzPatrick) as a target participant for the Trick of the Trade/Energy Math course. Please see below for course information and confirm your attendance by no later than Wednesday, October 31st, 2001. If you have any questions, please let me know! Thanks,