IN: Ed and Mark, As we discussed, I spoke to Jeff Hodge and Travis McCullough about the best way to document this deal. We all agreed that it is better to document the deal as a deferred payment on the sale of natural gas rather than as a loan. Documenting the deal as a loan does not add any protection for Enron and in fact, may be detrimental because of the various laws concerning loans and lenders. The protections and remedies afforded by the Master track those that Enron would have under a loan document. Enron would be in no better position to collect from NUI in the event of bankruptcy under a loan document than under the Master Firm Purchase/Sale Agreement. Additionally, I assume that NUI, being a regulated utility, will not want to or be able to document this deal as a loan. Please let me know if you need additional information on this topic. Stacy

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OUT: NUI Deal Documentation

IN: Uncle Ken, I just wanted to drop an email letting you know that we are praying for you. Everything will work out and Enron will be back on its feet ready to run again. Good Luck with everything. Sincerely Jim

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OUT: You the man

IN: I will be passing an envelop to collect a small monetary token of appreciation for Kimberly and Alex for Administrative Assistants' week. Please give if you are able and in an amount that you feel is appropriate. thanks,

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OUT: Administrative Assistants' Week

IN: John & Louise, I can imagine that both of you are very busy but I thought I would drop you a quick line updating you on the status of the Sundance B PPA. We received the necessary consents to split the PPA into two from both TransAlta and the Balancing Pool last week. We expect the regulation enabling the split to be passed by the Government during the week of November 12, 2001 thereby forming two units PPA's effective as of that date. Don Miller and his team are prepared to smile and dial on Monday October 29, 2001 thereby contacting the list of identified customers and initiating the process. I will send you a timeline shortly outlining the entire process from start to finish. If you have any qustions please call me. Derek

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OUT:
Status of Sundace B PPA