Q: Dean Tyson: It was a pleasure to see you again today. Phil, it was a pleasure to meet y= ou=20 and I look forward to working together. Since time is of the essence, I=20 wanted to summarize where we left off at today=01,s meeting regarding Calif= ornia=01, s energy crisis. That summary is attached. I've also attached three=20 articles from the business section of today's Chronicle that arguably bolst= er=20 our arguments for adopting the approach that we discussed at today's meetin= g. Given the fact that the legislative process is moving rapidly, bankruptcy = is=20 a daily threat, and Dean Tyson will be attending the meetings in Davos, it= =20 appears that our window of opportunity is very small. It seems that succes= s=20 requires a meeting of the principals by the end of the week, if not sooner.= =20 The chances of success are obviously limited, but I think that we agreed th= at=20 all concerned have nothing to lose and everything to gain by taking a shot.= =20 Your offer to help in the effort obviously increases the likelihood of=20 success and is greatly appreciated. =20 My apologies in advance if I have mischaracterized any of the points made a= t=20 the meeting. It represents a =01&first cut,=018 it will undoubtedly change= as the=20 details get worked out, and I=01,m sure I=01,ve missed something. So pleas= e don=01,t=20 hesitate to edit the draft. Please keep in mind that I have not had a chance to discuss this proposal= =20 internally. As such, I can=01,t yet commit Enron to the specifics of the= =20 proposal. But I=01,m confident that the company can support something akin= to=20 this structure and can let you and Phil know first thing Monday. In addition, given the political environment in California, Enron has playe= d=20 a constructive role by providing low-key, behind the scenes advice and=20 analysis to policy makers. That approach seems preferable in this effort a= s=20 well.
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A: Summary of Proposed Short-term Solution for California's Energy Crisis

Q: Dear Dr Kaminski: Best Wishes for the New Year to you and your family! Some time ago I sent you a letter with information on the Bachelier Finance Congress. I never received a feedback from you and I am concerned that perhaps it never reached you. In any case, please let me know if you need any help with your travel plans to Crete for you and/or your family. ( You may visit the web page of the Congress (www.ma.utexas.edu/Bachelier2002) for information on location, plenary speakers etc.) On a different note, I would like to ask you if you would be willing to come down to Austin and give us a seminar. Our workshop meets on Fridays. I sincerely hope to hear from you soon and to meet you in Austin. Best regards,
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A: Various

Q: Julia: The EGM group is delivering to you this afternoon completed matrices for all of our material physical trading contract forms and selected counterparty-specific contracts, in each case organized by commodity traded. Just a few things to note: (i) we have not included in our review the EGM trading contract forms for Japan, Australia and Singapore due to the time constraints (please advise if you would like matrices done for those offices); (ii) we have not included a review of trading contract forms used by EGM-related entities in Europe as we assumed that Justin Boyd's team (I left a message for Justin this morning, but I did not get a confirmation back) would handle; and (iii) finally, we are not attaching the templates to the matrices, but we can certainly provide them if and when needed. Please let me know if there is anything else you need. Alan
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A: EGM Contract Matrices

Q: Due to the slowdown in trading, I will be concentrating on leaving positions for RT to trade around. These will keep you in the market and give some flexibilty and decision making responsibility. This will make more sense, once you inherit the position. The following positions need to be watched for monday: 1. We are short to Mirant (on behalf of Frontera) for hour ending 6 only. We need to buy 50 mw's and schedule this with Mirant Real Time. They are expecting and have agreed to this trade. This is energy that Frontera owes them on a prescheduled basis. If you are working Sunday night, check in early with Mirant to make sure they are aware of this trade. It is very common that they get a bad "handoff" and are unaware of this transaction. Give them plenty of time to work this out. We schedule this in the portal as a buy from X and a sale to Mirant. In Enpower, buy from X and sell to Frontera (under the Teco Services book). Enter this as a flat transaction, ie buy for $20 and sell to Frontera for $20. 2. The Ercot Asset book is long 5 mw's for offpeak Monday at $11.25. Sell this or leave to the pool, as necessary. I will be long this power offpeak for the balance of next week 10/16-19. I think that Saturday morning will come in strong, as we are getting some cooler weather. I think also that some larger units are coming off line, which will put upward pressure on the offpeak. Each member of the group needs to tell me what positions they want. Next day onpeak is trading for $20.5, offpeak is trading $11.25. Where is the value??? Lets trade it up! JMF
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A:
positions for Monday