IN: Marie was just telling me about your rough tour of duty in the French Alps next week. I speak a little high school French...perhaps you might need some assistance while you are there...? !

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OUT: Parlez Vous Francais?

IN: All, We will be scheduling interviews for the Trading Track, Wednesday, May 30th from 1.00 pm to approximately 4.00 pm with a debrief afterwards. We will be interviewing approximately 12 - 16 candidates (both internal and external). Please reserve this time in your calander. If you are unable to particpate please let me know otherwise you will be contacted with regards to location/confirmed times/resumes/etc shortly. Any questions please do not hesitate to contact me. Kind regards,

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OUT: Trading Track - Interviews: Wednesday May 30th

IN: I also noticed the ISDA memo, and was rooting around looking for the attachments that went with it, and couldn't find them. There was also a few updates in a second memo there to some country opinions. If and when Mark calls in I was going to ask him if he knows where the attachments went, because the one will cost $100 if we have to order it.

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OUT: ISDA Documents

IN: Jim: Pursuant to our recent conversation, I have attached below a DRAFT of ENA's standard (1) municipal ISDA Schedule and (2) Paragraph 13 to the ISDA Credit Support Annex. These two documents are intended to supplement the boilerplate for the ISDA Master Agreement and the ISDA Credit Support Annex. The forms are generic, that is, they have not been tailored for use by a specific municipal counterparty; they would necessarily be the subject of specific negotiations. Energy New England's agency relationship with the various municipalities appears to cover physical trading. Notwithstanding the agency agreement, the financial trading world requires much more specificity, including but not limited to, evidence of authority to execute a master financial agreement and transactions thereunder. Additional information, including a legal opinion, is also required. I assume from our prior conversation that you already have in your possession copies of the ISDA boilerplate. Please advise otherwise. You should feel free to contact Ed Sacks with questions regarding collateral support documentation. As I mentioned, the attached Paragraph 13 has not been customized. Please feel free to call if you have any questions. Sara

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OUT:
ISDA Master Agreement prepared by Enron North America Corp. ("ENA")