Subject: "Tristar".

Body: I am in the process of terminating the old Master as we have a new one in place. AS a result we will need to put an new Guaranty in place for this new master for Enron. Have you spoke to Tristar re this? Thanks

Subject: "Oglethorpe Power".

Body: Effective immediately we are changing the way we handle deliveries to Oglethorpe on Transco. Current Process ENA sales gas to Oglethorpe at St 85 ENA buys gas from EPMI (deal 318335) at St 85 at Gas Daily ENA sells gas back to EPMI at Doyle Plant at Gas Daily plus variable cost. New Process ENA sells gas to Oglethorpe at St 85 (deal 329314, baseload deal and deal 318423, gas daily deal) ENA does an exchange buy (deal 338732) at St 85. Curretly, this volume will match the sale to Oglethorpe at St 85 ENA does an exchange sell (deal 338735), volume on this deal will be the amount on deal 338732 less Z4 to Z4 fuel.

Subject: "Nabisco".

Body: I still have not released the 700 dth of capacity from VNG to Nabisco on CGAS. I just spoke with Henry Riewerts at Nabisco. He does not have a navigator ID and password. This will be the only CGAS activity he has and he has not bought any gas for Nov either. I think he needs someone to handle this for him. Is this the type of thing we can pass on to EES?

Subject: "Aram".

Body:
Rick, Aram is coming to Houston, in my view, to explore the possibility of coming back to Enron (given uncertain situation under the Scottish rule at the old Pacificorp). I shall suggest that he meet with you and/or Ted Murphy as well. I can wait for Karen to come back. It's not urgent. We are still working on the volumetric risk module and the team is making a very good progress. They gave a presentation today to Rick Carson and me. We have to decide what comes next (Asset/Liability Model or Operational Risk Model). Vince