Subject: "busy weekend in the Heights!".

Body: Lots of fun stuff coming up in the Heights: 1. 19th Street Holiday Open House is this Friday December 7th from 6-10. The Merchants invite you to come and have a bit of "its a wonderful life/meets the Hood". Carriage rides , entertainment, live music, giant puppets , Santa and tons of the city's finest and wildest gifts and decorations for your perusal. 2. Lights in the Heights is this Saturday - December 8th 6-9 p.m LOCATION: Bayland and Omar Streets NEW THIS YEAR: The streets will be blocked by barricades and police. Lights in the Heights is scheduled for December 8, 2001. This year the streets are Bayland and Omar and for the first time ever, will be closed to motorized vehicles (with the exception of Santa Claus, hayrides and carriage rides). Since the streets will be blocked beginning at 6 p.m., please make sure that your guests are aware of this. Alternate parking is available at Hogg Middle School, Travis Elementary and various churches in the neighborhood. Additionally, be mindful of not parking in front of fire hydrants or blocking driveways, when securing a parking spot. Have a good weekend!

Subject: "Re "the holler":".

Body: Girl, you cracked me up talking about the "holler" . Now you know I don't know. It was raggedy because we did not sing it with the lead. He probably won't spring it on you Sunday, because we did not do that good without you there. I am so tired from last night. Everything is so rushed, and I did not get the kids in bed until 10:35 and then I had to get them up at 6:00 a.m. I'm tired, so I know they are. On top of all of that, the market is up another $1.00 today (yeah!! ), but we have to stay late tonight to go over our positions as a group. My boss said that we will all stay until it's done, so make arrangements. Naturally, Todd is working the evening shift, so I'm trying to work something out with my girlfriend and her daughter. They just live right down the street. So we'll see! Talk with you later!

Subject: "PJM Op Reserves 11/2001".

Body: Hi All! This represents estimated annuities by desk for PJM's Nove Operating Reserves for business transactions thru 11-19 and rates published thru 11-12. Any questions or concerns, please let me know. - Marci x3-0577

Subject: "Oldco RAC".

Body:
I would see the primary responsibilities: 1. Develop with Fallon a written process for the valuation of terminated contracts. We will most likely only have Bjorn for a short period of time given his reluctance to go to NETCO. While no one appears to care about the fact that we have no way to render a correct value for financial statement purposes, this would be a priority if I was managing the estate. There is no metric for the approval of comprises internally. Our curves say one value, the counterparties quotes say another. Differences in value may be a better metric that notional settlement amounts. 2. With IT, assure that the terminated contracts are frozen in value. The book is currently floating, rendering an open position which is unmeasured as to VaR. Examine ways, if any, to manage this uncovered market risk. 3. Valuation of assets held for sale and DASH process. It would appear that we should work backwards from the summary of sale that the Unsecured Creditors Committee wants. There have already been complaints about multiple forms (DASH, transaction review committee for). This would require revamping the DASH process and TAP. 4. Revaluation of International assets. 5. To the extent EES performs post petition, value this book and the associated ongoing costs associated with it. 6. My understanding is that the billing on performing accounts is behind. Manage and develop a process to collect these past due amounts. Collectibility does not improve with time. 7. Ongoing review of business unit's cash requests. 8. Develop a systematized IT solution to payments and transfers made 90 days prior to bankruptcy (in process). 9. Manage the bankrupt counterparty portfolio. 10. Collect amounts owed by PG&E and So Cal Edison ($545 million notional). 11. Maintain a pipeline report.