This is the content of an email: CES has a synthetic storage deal with Equitable Gas Company on Texas Eastern. CES gave Equitable 100,000 dth in April 1999 and Equitable is giving CES the gas back in January 2000 in Tetco M2. According to my new best buddy Fred at Equitable, CES will pay Equitable $.65 /dth after the January transaction is complete. Here are my questions/comments; 1. David - please look at the new deal I created for this exchange (deal 146788). The existing deal (deal 138741) is set up as a pipeline exchange. I believe the counterparty should be Equitable Gas Company which is the LDC. If it looks OK to you, I will kill the old deal and add the volumes to the new deal. Please let me know ASAP. 2. Linda/David - do we have CES's contract with Equitable? I would like to see a) what CES was paying Equitable for this deal and b) when the payment was due. 3. David/Stephanie - if the deal is structured the way Fred described it above, where do we put the $.65 fee at? 4. Linda - Fred has not received any assignment notices regarding CES deals. He doesn't know if he should bill CES or Enron North America. Who should he talk to about that?? Please forward this email to others that may need to see it. Thanks

Subject: Equitabel Gas Company Exchange on Tetco

This is the content of an email: While you were out, it was a bit crazed as you expected. I'll hit some highlights for you: Botchlett and Straub position statements: went out on Wednesday. Chapman: I sent the Ok. lawyer a letter and hired Lyn Mattson to investigate. Roome: Spoke with Trey (we had a case against each other a while back and get along well) and sent him a letter. Left Haedicke a message asking if we should give anyone in particular a head's up that they mentioned the SEC investigation. He says don't need to pass along. Anthony Sexton: Got out that separation agreement. Ken Rice: Sent Mark Haedicke a memo outlining the non-competition obligations and potential issues. CC'd you on it. Kitchen/Nettleton: Further discussions with T&F, Oxley, Marcus, Tim Callaghan, etc. Sounds like Marcus is happy. We're getting packet for consular process out to T&F, they send to London, and we think that with some luck (depending on FBI delay on background check), January or February may hold their interviews. Marcus decided not to switch to J&G. RIF: I helped out on some connected stuff, including helping Kerry with release language and speaking with counsel in Mexico so HR can determine what needs to go into calculations for analysis of shutdown of all Mexico ops. Internet Use: Prepared a memo for Oxley. He hasn't responded about whether he wishes to use it. He walked someone out the door (without talking to legal) for posting on the internet from work. New Hire: I did what Vance says was the final new hire orientation. :( We'll talk on your return about figuring out how to tell new hires what they need to know. Hope you had a good trip and a happy Thanksgiving!

Subject: various updates

This is the content of an email: We have a spreadsheet showing old 2002 plan that everyone agreed to a few months ago before all the fun started. We have EA, EGM, EIM, EEL, EBS, EES, ENW, Corp., CommodityLogic, and Other broken out by EnronOnline, Operations, IT development and IT infrastructure which is further broken down by expense and capital and totals (we separated out depreciation as well so we could see what was cash and non-cash). We are currently trying to put together the adjusted or new 2002 Plan along side the above numbers based on the estimates from the last week or so and will try to be done late tonight. Thanks.

Subject: Quick Update

This is the content of an email: I am currently working on a form for the master netting without the CSA. It is somewhat complicated--so if you have such a request, please await the new form. Do not try to do it yourself. Thank you.
Subject: Master Netting Without Margin/Collateral Provisions