IN: Larry........Deal 729346, NY trans id 5079112, NY is showing that HE 14 was 78 mw not 100. I made changes to enpower for deal 729346. Marci........For PJM the deal is 729345 and enpower is showing 100 mw as well for you. Could you please check to see what amount PJM is showing for this hour.

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OUT: 8/13

IN: Here are several of the contracts we are planning to use for the online system. I wish I could tell you these are the final (or even the most recent) versions of the documents but things have changed so frequently that I'm afraid these may not be quite up to date. They do have the advantage of being in my directory and therefore available to send to you today. I don't think the final changes will be significant but if you want to use these as starting points, please let me know so I can be sure you have the latest material. The PA is the Password Application which is the only document the prospective counterparty actually signs by putting pen to paper. The first time the counterparty logs on to the system with its approved password, it is required to agree to the ETA (Electronic Trading Agreement) by clicking on an "I Agree" box after scrolling through the agreement. The GTC's are the contractual terms that apply to online transactions if there is no master agreement in place. Legal will have the ability to restrict a counterparty to trading only certain products online if we feel it is necessary. While most financial transactions will be governed by GTC's that look like our "Omnibus" documentation, the weather derivatives look more like a "Deemed ISDA." One final complication, the credit group has asked us to create two sets of documents: one for highly creditworthy counterparties which will have no credit provisions included and a second set for counterparties credit is not quite comfortable with which will contain a provision allowing us to call for collateral if we choose.

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OUT: Online Trading contracts

IN: Dad, I was talking with Kathleen this weekend and she had some ideas and suggestions about Enron. I asked her to put them in writing so that I could share them with you. I am attaching her memo. Please keep in mind, she loves her job, these are just ideas to make it that much better. I love you, Dad,

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OUT: Kathleen's Comments

IN: For those outside of the Houston office, I forgot to provide the call in bridge number for our meeting on Thursday at 10:00 AM. The call in number is: (800)711-8000, user code 8536845. Thx, Ron

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OUT:
Property User Group Meeting