IN: This is an email
Per Barbara's request, here's a summary of much of what I'm working on: Co Op City asset management arrangement: In this deal, Enron would build a small power generation facility for a housing co op in the Bronx, Co Op City. We would arrange for O & M services, supply the fuel (primarily gas), market their excess power, and, for the first 4 years, take 1/2 the offtake. We are currently working to structure the transaction to keep if off the balance sheet and maximize the mark. We are working on a term sheet, and I will be in NYC later this week to continue negotations with the customer. Mark Bernstein is the originator, Debbie Chance is the developer, and NEPCO Houston is involved. I discussed outside counsel with Jeff, and I would like to use John Klauberg at LeBeouf. Sell of two development projects in Illinois. Two of the sites we have developed (sans equipment) are up for sale, and Fred Mitro has contacted me about supporting the transaction. Lisa Mellencamp had previously contacted Bracewell about working on it, but I'm a little concerned about the amount of experience of the person they have designated. I've asked Clark Thompson for some information on his background. SW 501d - our claim against SWestinghouse, and possible sale of the equipment. We have issues with the vendor concerning the late delivery of this equipment. We are also trying to sell the equipment (a turbine/generator set) to Calpine. Fuel Cells - last year Enron made a $5million investment in Fuel Cells, a company which is developing an almost green form of power generation. We received contingent warrants which we can cash in if we arrange for 55 mw. We are working with an instrumentality of the state of Connecticut about them buying 26 megawatts. We are working on the purchase agreement with FC, and the project development agreement with the State. It is quiet right now, as funding is figured out. There's TurboPark maintenance stuff which pops up weekly. GE - Sheila and I have a weekly phone conference with GE to work on a standard contract for buying turbines. I've heard a rumor that we will be buying some more, although neither Sheila nor I have been contacted yet. I think this is a fair summary of the big ticket items. Kay

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OUT: Update on what I'm working on.

IN: This is an email
Hello Ken As we have not had a recent "daily update" from you - I write inquiring about the status of OUR company. We heard about the acquisition discussions with Dynegy through the press (NOT from Enron's management!). Clearly, this does not engender confidence in the management's communication philosophy. We also heard that there is a meeting planned with Enron's banks on Friday - again through the press! Communication failed again. Further reductions in confidence came as Enron restated it's financial statements for the period 1997 through 2000. Again this news was provided by the press! Couple of questions for you - who were the commercial folks putting together the LJM, Chewco etc. deals? Who were senior managers approving these deals? Perhaps Enron should part company with some of those folks too. Where was the board and where were you when these deals were being done? There appears to have been no corporate governance at the relevant periods! On a personal level, I have invested many years in this company. I currently have a holding of approx. 4,500 shares which I purchased because I believed in the company. I also have numerous share options. Unfortunately, this episode has obliterated my confidence in management and in particular in you and Jeff Skilling. I suspect you guys are ok - as you had the foresight (knowledge?) to cash out your holding during the latter part of last year and most of this year. Please be aware that the fate of thousands of people rests in your hands. I would be interested to hear your views.

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OUT: Update for Wednesday/Thursday?

IN: This is an email
Parcel 8871 has been allocated as follows: Bid number 3855 has been awarded to Canadian Natural Resources Limited for capacity release parcel 8871. Releasing Shipper: Enron North America Corp. Path: Kingsgate to Malin Begin Date: 12/1/2001 End Date: 10/31/2003 Amount Awarded: 10000 Bid Amount: 100.0 Price Denomination: Percent Of Max Tariff Rate System Award Message: Non-biddable parcel allocated in full to pre-arranged shipper Bid number 3855 was awarded under new contract number 08171.

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OUT:
PG&E eTrans Notification: Parcel 8871 has been allocated.