Q: As you have heard, we are working with creditors to shore up our creditworthiness due to the recent cash crunch. We have been successful in addressing most of the fears of certain counterparties who were reluctant to trade with us. The Power and Gas Trading floors have been supporting the profitability of the entire company for the last three years at least, so it is my personal belief that we will still have plenty of opportunity in this department, ie courting new service customers and continuing to build the Teco/Frontera relationship. I have been working with the physical RT traders and selling/buying the financial swap; this has held great interest in the market. I realize and understand that it is tough to read the papers and wonder what is happening - but, for the new employees, this means getting in on the ground floor. This is a huge business and we expect to get back to our roots: TRADING. We will have to tough this one out. We are, however, avoiding expenditures as evidenced by the food service being cancelled. All personal cell phone expenses that had been previously turned in on an expense report will no longer be honored for Real time workers. Additionally, expenses related to happy hours, etc will not be honored unless previously approved. I also have to mention: The chairs for the traders (and myself) have been moving around. Some of these chairs have been acquired specifically for employees with lower back issues, etc. Dont borrow chairs from the traders because they are not being returned. If other RT groups are borrowing them, this must stop. Some chairs are never to be seen again. This defies logic. It sounds a bit petty, but when you come in for work at 5:30 am, the last thing you want to do is find your chair or at least one that is not broken. We are soon to have a meeting to discuss the Hourly QSE MOS system. We are revising it again to make it simpler. Also, on Sunday November 18th, we are to be testing the computers in the new building. The Sunday day shift trader will trade in this building. I will be at the new building, testing paralell until the night shift arrives. The night shift will report to the new building on the 18th. We will be cleaning up around our workspace starting this Friday. Additionally, a new schedule has been implemented. The changes affect only George Phillips and Isaac Wong. We need to delete all other test versions of the schedule. Thanks for hanging in there,
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A: Just a couple of housecleaning issues.

Q: Scott Yule advised that ANG system contracted for roughly 290 M2/day of new delivery capacity (210 to PGT & 80 to Southern Crossing). The Alberta system will expand by 222 M2/day plus an additional 37 M2/day for LRS 2 service. No capacity was relinquished. All of this is timed to come on line with the 2002 PGT expansion. Can you tell from the queue that I forwarded to you - What is the split between Shippers going to PGT versus Southern Crossing? Thanks,
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A: ANG/Nova Expansions

Q: Hi guys, This is the "break out" contract for the LM's. This particular draft was prepared for the City of Austin project, but we also need a TurboPark version. Please advise of any comments you might have. Thanks,
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A: City of Austin Agreement

Q: Macroeconomic Factor Analysis Reported preliminary analysis results on macroeconomic time series. Awaiting Craig's approval for buying bankruptcy rate data from D&B. Recovery Rate Analysis Understanding the data and performing analysis is in progress. EES Private Firm Model Completed model building and calibration. Final reviewing and testing is in progress. Drivers for Ratings Downgrade Prepared a report which will be discussed next week. Experian Data Reviewed information received on Experian database. A model may be built using this data. This model can work as a supplement to the models being built using D&B data.
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A:
Enron Credit Projects Review