Subject: "EBS VaR Transaction Policy".

Body: Barry, Stinson forwarded your message to me. I am meeting Ted Murphy today and I shall bring it up with him. We have unit at Research (Tanya Tamarchenko, reporting to Grant Mason) who is responsible for V@R support. Vince

Subject: "CES Central Desk Issues".

Body: I believe we need to assign someone from the Central Desk to be the point person for CES Central Desk activity, for pricing and scheduling issues. CES currently has issues with the BTU conversions at the different Michcon citygates. ENA delivers the gas to different Michcon citygates and each one has a different BTU factor. This causes CES to be long or short depending on the conversion factor. I'm not sure if there is anything we can do about it but I would prefer to have someone from the Central Desk address this issue. Comments?

Subject: "NYISO - Web Servers Unavailable".

Body: market_relations@nyiso.com writes to the NYISO_TECH_EXCHANGE Discussion List: Dear Market Participants, The NYISO web servers are down and the nyiso.com site is not available. We are working on the problem and anticipate having the servers available shortly after 3:00 p.m. Regards,

Subject: "GISB".

Body:
Mr. Mitchell, At the request of Phil DeMoes I am forwarding a draft of a GISB between Enron North America Corp. and Oglethorpe Exchange Place. Upon your review, please give me a call to discuss any questions and or issues regarding the draft. I may be reached at one of the locations listed below. Regards,