Subject: "Clickpaper Review".

Body: I don't think you got a copy of this. mike Andrew, please make sure Jeff gets a copy of all of everything. He is the Office of the Chairman sponor of the vertical and will be managing this process with Greg Piper until launch. I stepped in while he was out of town on holiday.

Subject: "QUESTIONS".

Body: Some questions in advance of the 42nd floor meeting on the 16th: Do you expect the current crisis in California will result in an "overbuilt" situation for the pipelines serving California, similar to 1993-94? It seems like everyone has an expansion proposal. Do you expect the situation in India to be resolved to our satisfaction? What is your projection for year-end stock price?

Subject: "Outstanding and priority items".

Body: Greg, Listed below is a brief outline of some of the key items that I turned over= =20 to McMahon. I didn't attempt to put down anything but a reference point bu= t=20 he has the files and we went through every point. We didn't spend a lot of= =20 time on the international activities because a great deal of it might not b= e=20 part of the group after project Summer. He attended my (his) Monday staff= =20 meeting and he got a flavor of the group and what everyone does. This is= =20 going to be primarily Philippe's meeting now but he is going to attend to= =20 provide needed commercial balance and if he does, I believe that is all the= =20 time he has to spend on that side of the business. I hope you are having a successful trip. Mike Outstanding and Priority Items International/other business unit activities ? Japan ? Korea ? S America ? Europe ? Calme ? EE&CC ? GPG ? India ? EES Staff Meetings ? Monday lunch ? Video calls - Tuesdays: Sao Paulo =01) 9:30, London =01) 10:00, Aust. = =01) 5:00 i2 ? Paveto/Wasaff HR ? Recruiting ? Robert Jones ? Compensation issues Investments ? Fitz/Sommer/Horn Infrastructure ? Windows 2000 ? Lotus notes/exchange ? Other projects Speaking commitments ? Aug 10th =01)A/A program ? Sept 21st =01) Economist =01) Laguna, CA ? Sept 26th =01) Rice Univ. ? Oct 3rd =01) Economist =01) Atlanta, GA Financial structure/accounting ? RCs and budgets ? Metrics/radar screens ? Shared resources Enron.com ? Paveto/Palmer Management/Strategic planning Project Summer IT project resource review PRC/reviews

Subject: "Ercot Balancing for Friday".

Body:
John, I made an adjustment in Enpower for Friday. When balancing the books, I noticed that we were 100mw's long into the pool for HE21 & HE22, but in the portal it only shows 50mw for each hour. (A 16hour block of 50mw was already in the portal.) So I adjusted HE21 & HE22 from 50mw to 0 mw, so that it matched the portal. Please notify me if my adjustment was incorrect. I made a note in the comment field for enpower #871228. Joe