Subject: "Revised NNG Recap / UAF numbers".

Body: The original 12/2001 recap sent out had an error which effected previous months plus December UAF numbers. The problem occurred when a station was accidentally removed from the pipeline balance setup within PGAS. The attached Recap has been corrected to include this meter and 2001 UAF does NOT look good for NNG. Current NNG UAF: December: -0.81% -1,023,077 DTH

Subject: "Vacation Policy Information".

Body: EA Estate Group: Please see the below reference of Enron's vacation eligibility, allowance, and scheduling policy: Vacation Eligibility: All regular full-time employees are eligible for vacation based on continuous service. Regular part-time employees receive 40 hours per year of paid vacation per year. Temporary employees are not eligible for vacation. Vacation Allowance: Vacation allowance is based on an employee's continuous service according to the following schedule. Employees must be on the payroll and actively at work as of the first business day of the calendar month to accrue vacation for that month. If the first day of the month falls on a holiday or weekend, causing the employee to have a hire date other than the first, the vacation accrual date will be dated the first of the month so that the employee will accrue vacation for the month. (For example, an employee with a hire date of January 5, 1998 will have a vacation accrual date of January 1, 1998. The intent of this change is only to affect the vacation accrual date as explained; it is not to affect any other term, condition, privilege, or benefit of employment.) Length of Continuous Service--Vacation Allowed

Subject: "790075.1 09/25/01".

Body: Paul - This is a purchase from DP&L for 50 MWh HE 11 - 23 at a PJM W Hub index price. It is not in the hourly P&L and not routed in scheduling. I am getting word from the counterparty that it did not happen. Can you shed some light so we can settle with DP&L? Thanks,

Subject: "Consultants - Office Space".

Body:
Since 1/1/99, 84 people at an MD or above level left the company. The only executives who maintained an office in an Enron building after they left were Cliff Baxter, David Haug and Ken Rice. Cliff's runs through 10/31/01, David through 9/30/01 and Ken's access will probably be turned off in a week. If you need any other information, just give me a call at x33993. Also, David mentioned that you all had discussed potential changes to the PRC/Bonus process. It might be very helpful if the 3 of us could brainstorm and I'd be happy to go through the Board/Shareholder approval process. We may be limited in what we can do given how late in the year it is. Thanks! !