This is the content of an email: Errol, Could you move the PMA adj. for Power (423, 818) to the power roll? Tracy needs to see this in the power roll, so that she can net it against her outstanding variances. Thanks!

Subject: NG X OPT PMA's

This is the content of an email: Terrel and I had a conference call with BOC this morning. The call was very positive as they were still interested in talking with us. They had a number of questions regarding the contract terms and seems like they want to sign something by week end. I need clarification on a few issues that they raised. We need to give them answers tommorow. Proposed Contract terms: 1. Houston Zone: 1.95 MW +/- 15% per settlement Interval 2. South Zone: 2.75 MW +/- 10% per settlement Interval 3. North Zone: 15 MW +/- 10% per settlement Interval 4. West Zone: 1.75 MW +/- 10% per settlement Interval ** BOC going to Balancing Energy (+4% charges) outside the band ** 1. Interruptibility - BOC wanted to understand the mechanics. Specifically, they wanted to know how Enron would work with them to maximize curtailment opportunities. They also wanted to know the quantity they could curtail (e.g. If deal is 15 MW +/- 10%, can BOC curtail 16.5 MW, or just 15 MW). Also, do they pay any penalty when they curtail (4%, etc.) 2. Scheduled maintenance - Can they sell contract power a week forward. Is there any penalty for not being within the band during those hours. 3. BOC wants a fixed price quote for all Ancillaries and ERCOT Passthroughs. However they want the ability to unwind this fixed price position should they feel they are better off with ERCOT market prices once the market becomes more transparent. What is Enron's ability to provide such a service? 4. BOC doesnt like the 4% charge in excess of Balancing Energy everytime they are outside the Quantity Band. They said that they dont want to pay more when prices are high and they are outside the band. They want a fixed fee instead of 4% of BES price. Given the bands we have placed in the contract, BOC was outside the band a. 15% of the time in their Houston Zone Interval Load b. 10% of the time in their South Zone Interval Load c. less than 1% of the time in their North Zone Interval Load d. 3% of the time in their South Zone Interval Load Regards

Subject: BOC Gases Contract

This is the content of an email: Kalen,. per your discussion about getting these issues to management committee, below are some of the HR Policy changes to consider implementing prior to year end. Clarification - what revisions, if any, should apply to the non-filed entities? Vacation - change the accrual rate, as planned FMLA / Sick Leave - FMLA leave to run concurrent with Enron's sick leave program when appropriate. Educational Assistance: suspend tuition reimbursements. Leave of absence - reduce or amend paid leave. Leaves include: Personal leave (eliminate Mgmt. discretion) Funeral /bereavement leave (should we establish a policy cap of 3 days) Paternity / adoption / pay to parent / father - (40 hours paid outside of Enron sick leave) Jury - Witness duty - (pay to the extent required by law) Military leave - (reduce or eliminate the salary bridge paid- difference between Enron base and military pay)

Subject: Policy issues for the bankrupt estate

This is the content of an email: Tanya, I have received a guarantee for execution by ena from the london office. The Guarantor is Centrica plc; the entities that the Guarantor is guaranteeing are Accord Energy Limited and Direct Energy Marketing Limited. Enron Capital & Trade Resources Limited; Enron Capital & Trade Resources International Corp.; Enron Canada Corp.; and Enron North America Corp. and the Enron entities named whose transactions with the named Guarantor's subsidiaries are being guaranteed up to 75 million pounds sterling. The Guarantor can terminate on five days notice. Do we know what type of business ENA intends to do with these entities for which this Guaranty has been drafted. If so, let me know so that I can forward to that group for them to approve and obtain ENA's signature.
Subject: Centrica Guarantee