Subject: "Your decision".

Body: Mr. Lay, I do not know you other than what I have been told by peers. Everything has been with regard to a very high respect for you personally and what you have done with Enron. I am an employee in the $40,000 dollar range of EOTT and can not comprehend the salaries and monies made by top executives in shares given and "privileges" extended. It is an honorable thing you are doing by not accepting the $60 + million but I personally feel you deserve something. You have worked hard, probably worried many hours, and yes, probably played hard and enjoyed much and with the empire you have built will continue to live the rest of your life in luxury (a very enviable position to be in). We are all where we are because of decisions we have made and your employees made their decision based on their best judgement call at the time. Working for a company is like a marriage. You put your faith, trust and confidence in the person of your choice and that person can change and put you through a lot of turmoil and grief, the same with the company you marry. Employees will be able to recoop some of their savings once their stock has been converted to Dynegy. I am not trying to change your mind about the money but want you to know that their are employees with feelings and a good mind to think things through and feel you are justified in accepting some reward for the dynasty you have helped to build. Good luck to you in the future. Continue to enjoy your life. Respectfully,

Subject: "PGE 2002 Capital Costs and IT Detail".

Body: Hello, following up our PGE Budget presentation I am forwarding you the following information. Jessica - the 2002 Capital Slide has been revised to be consistent with the NNG disclosure schedule. The decommissioning forecast is up by $1.6 MM, however since this is funded by the decommissioning trust it should not be an issue. Tracy - Do you have a time and agenda set for the Nov. 1 dry run of the budget presentation? I may be sitting in for Piro so please keep me posted as to what the plan is. Rod - you asked for some detail on our IT capital expenditures. The file IT_Teresa includes the requested detail. Note that in our UE-115 ratecase we were authorized to expend up to $96.8 MM for the 2000-2002 budget years. This is a balancing account, such that if we don't expend the money we have to refund it to customers. As an fyi - I've pasted in below the language from our UE-115 Stipulation on IT costs. Q. What is the basis for the stipulation relating to issue S-45, CIS / IT Disallowance? A. After a Staff review of new IT systems and their associated capital costs, Staff has determined PGE's capital costs for new IT systems to be prudent. As a result, the Parties agreed to full recovery of PGE's IT investments, subject to a Staff audit. PGE will place into base rates 100% of the 2002 revenue requirement related to the 2000, 2001, and 2002 capital additions for the CIS/IT capital items listed below. The 2002 revenue requirement included in base rates will be trued-up to the actual revenue requirement for the CIS/IT capital costs. OPUC Staff will audit PGE's actual capital expenditures for the CIS/IT capital items listed below. 1. Customer information system. 2. Enterprise resources planning (ERP) system. 3. Network meter reading (NMR) backbone and data store (excluding the meters). 4. Miscellaneous capitalized information technology costs. Some of the forecasted 2000-2002 capital additions may be delayed until 2003. Delayed costs can also be recovered, subject to the same Staff audit procedures and standards. Only those costs that are reasonable and prudent will be authorized for inclusion in the "actual" revenue requirement calculation. Accordingly, customers will receive a refund for any costs PGE does not expend or costs the OPUC finds imprudent.

Subject: "Williams Cal 04 Reserve for EOL".

Body: Please note the following additions to the domestic credit reserve for September 2001: CP: Williams Energy Marketing & Trading Deal No: 775595.1 EOL No: 1859565 Deal Date: 9/14/2001 Deal Specifics: EPMI to buy 50MW Off-Peak Power from Cinergy for Calendar Year 2004. Term: 1/1/2004 thru 12/31/2004 Volume: 50 MWs Off-Peak Price: $22.25 Delivery Point: Cinergy Trader/Mid-Marketer: Fletch Sturm Credit Reserve Amount: $23,000 (twenty-three thousand US dollars) CP: Williams Energy Marketing & Trading Deal No: 775263.1 EOL No: 1858493 Deal Date: 9/14/2001 Deal Specifics: EPMI to buy 50MW Off-Peak Power from Entergy for Calendar Year 2004. Term: 1/1/2004 thru 12/31/2004 Volume: 50 MWs Off-Peak Price: $21.00 Delivery Point: Entergy Trader/Mid-Marketer: Mike Carson Credit Reserve Amount: $23,000 (twenty-three thousand US dollars) CP: Williams Energy Marketing & Trading Deal No: 775260.1 EOL No: 1858473 Deal Date: 9/14/2001 Deal Specifics: EPMI to buy 50MW Off-Peak Power from Entergy for Calendar Year 2004. Term: 1/1/2004 thru 12/31/2004 Volume: 50 MWs Off-Peak Price: $21.00 Delivery Point: Entergy Trader/Mid-Marketer: Mike Carson Credit Reserve Amount: $23,000 (twenty-three thousand US dollars) RAC: transaction confirmed under Executed EEI dated 2/1/1997. Please call w/any questions. Kortney x30616

Subject: "Direction to Board Mtg".

Body:
A) From south or west of Walnut Creek 1) Take CA 24 to I-680, then go north; or just take I-680 north, depending on point of origin 2) After passing I-680/CA 24 intersection, begin looking for Treat Boulevard exit (about third exit, +/- 1) 3) Exit Treat Boulevard, go right (east) 4) go under BART track 5) After BART track, turn right at 2nd light (Jones Road) 6) Very quickly, take first possible right into parking lot entrance 7) Park underground, bring ticket to office - - we validate. 8) Actual address: 1350 Treat Boulevard, Suite 500. B) From north or east of Walnut Creek 1) Take I-80 or CA 4 to I-680, then go south 2) Look for Treat Boulevard exit as in 3 above, and follow same directions C) BART option 1) Take BART to Pleasant Hill station 2) Walk to office, about 2 blocks: exit BART station, either side, and walk back toward SF under the elevated track go to major intersection, across from Embassy Suites (Oak and Treat Boulevard) Look for large, five-story, Coral/Salmon colored building on large tract of land, southeast corner. Much construction activity going on around site. Go to front of building, climb stairs to main entrance/lobby, enter, take elevator to fifth floor, suite 500.