Subject: "Curves for UBS/NetCo".

Body: Stacey: The Gas Risk group is requesting that we preserve only a specified list of curves/pub codes for NetCo/UBS, and to delete the rest of the curves from TAGG/ERMS. Please provide a list of Natural Gas curves/pub. codes that you would like to preserve in NetCo/UBS. I am attaching the list of Natural Gas curves to preserve that Kam provided, for your reference: Thanks,

Subject: "Grynberg and Quinque Invoices".

Body: Here is what I want to do on this. I need to review and approve all bills. I do not have to the sign off on the required documentation. If it makes Britt more comfortable, fine I'll do it. But I do not need to do so.

Subject: "Columbia Energy Document Review".

Body: I again reviewed the storage contracts on which large value has been assessed. The Cove Point LNG, Limited Partnership and Egan Hub Partners, L.P. are both FERC regulated entities and both agreements have negotiated rates. The Cove Point deal has a negotiated reservation charge and the Egan Hub Partners has a negotiated storage reservation and injection charge. Since we are buying the assets of Columbia and assigning the contracts to Enron and these deals are at less than max rates, they would be subject to reposting upon assignment and there would be no guarantee that Enron would receive these rates in a competetive bidding situation. It is my understanding the discounts were taken into account for valuation purposes, however these discounts are at risk due to posting requirements. The remainder of the storage contracts would require consents to assign. Note: Any transport contracts with discounted rates would be subject to the same as above. I am verifying the reposting requirements with Randy Rich of Bracewell & Patterson (FERC Counsel) and he is to get back with me early this afternoon. I will let you know if anything changes.

Subject: "Netco meeting today".

Body:
I know we have moved this meeting already, but since I have very little info ( only what I read on Yahoo!) I think we should wait till next week to meet. So I am going to cancel. I have given Leslie, Jeff , Stacey and Rita, Enron BUCKS cards. Make them buy you a drink. Let me know if you hear anything. Thanks for you patients and continued understanding. bob