Subject: "SITA".

Body: Tanya: I just returned from vacation. What happened with SITA? Did we execute a transaction (in the name of ECTRIC) on a Deemed ISDA (with or without credit?). I didn't see an entry in Lotus Notes. Sara

Subject: "Draft of proposed structure - Energy Solutions".

Body: Dave, let's discuss.. Jay, I know that this does not represent the definative agreement but as a starter we would easily do part 1, and part 2 is where the complicated issues lie. We clearly need to understand the contractual arrangements they have with the third party.... if we go with part 2. Dave, what are their plans to liquidate their july position? Do they have any hedges on now? What generation asset are they delaying... ( important info). Get ENA a copy of all purchase and sale agreements including ( executed copies/originals). Make sure that they do not have confidentiality issues related to the confirms... If they do not, then we can look at them... if they do have CA issues then Gerald is advising me that they will need the consent of the seller to let ENA look at agreements. BT

Subject: "Status, Redrock Air Permits".

Body: Bill as per your request, presented below is a status of the air permitting activity by the agencies as of today 11/01/01. Stations 1 and 2. The EPA has completed is review of these state permits and has sent them back to the ADEQ for comment. I have spoken to Shudeish, the permit engineer for the ADEQ, and he is reviewing EPA's comments as this e mail is being written. He will give me a call when his review is complete, but he does not anticipate any major issues which cant be resolved prior to the public hearing. These permits went out for public notice on October 15 and 16, which means that the comment period ends on Nov. 15 and 16. The ADEQ plans on holding the public hearing for both permits on monday Nov. 19 in Williams AZ. at 7:00 pm. I plan on being there. Williams is located approx. 30 miles west of Flagstaff, AZ. The address for the hearing is the Council Chambers located at 113 south 1st street. So far, there have been no responses submitted to the ADEQ by the public. In EPA's review process, they had a problem with methodology proposed by Transwestern for measuring sulfur in the fuel gas. We had proposed stain tubes in the custom fuel monitoring schedule, they wanted us to do wet chemistry. We convinced them otherwise (Byron, because of this, you wont need to order a sulfur analyzer for the Needles facility. This should save you about $40K). There was also an issue with manufacturers quarantees regarding particulate matter emissions from the turbine and catepillar. This has been resolved also. Stations 3 and 4. I received a call from Roger Kohn, the permit engineer for the EPA. He is satisified with the permit application contents and has also approved stain tubes for the sulfur measurement at these locations. There are no outstanding issues on these permits from the EPA. The public comment period for the Station 3 and 4 permits ends Nov. 3. After this date, it will take 1-2 weeks for the Regional Administrator of the EPA to sign off on the permits and then he will have them issued to Transwestern. As of this date, there have been no comments submitted to the EPA for the permits for station 3 and or 4. Ill keep everyone apprised of future events.

Subject: "EnTouch Newsletter".

Body:
=20 BUSINESS HIGHLIGHTS Weather Risk Management The Weather Desk is please to announce the completion of a large transactio= n in Europe designed to protect construction workers from lost wages on day= s when construction is halted due to adverse weather conditions. Enron com= pleted this deal with a European bank that in turn is selling this protecti= on to a fund manager for construction workers. Under the terms of this tran= saction, Enron will pay the bank when the number of "frost days" reaches a = predetermined amount outlined in the contract. Frost days are calculated wh= en the hourly temperature falls below the strike temperature. This innovati= ve transaction is the first of its kind and presents many possibilities for= future contracts with companies whose earnings are dependent on the weathe= r. This transaction originated in the London office and was structured in the = Houston office. Please call Sandeep Ramachandran at (713) 853-0964, Paul Mu= rray at +44 (207) 783-4769 or Sanjeev Khanna at (713) 853-3849 for further = information. Enron Net Works - Organizational Changes Beth Perlman, currently CIO for EA Systems, will work closely with Mark Pic= kering on a number of key projects for Enron Net Works. Additionally, Beth= plans to explore various commercial opportunities within Enron. Replacing= Beth in her current role will be Steve Hotte, currently CIO for EGS. Anthony Dayao will continue as CIO for EES Systems. In addition to his cur= rent responsibilities, Anthony will assume responsibility for creating a co= mbined Wholesale/Retail Power Trading and Risk Management system. Jeff Johnson will move into the new role of CIO for EGM/EIM Systems. John Paskin will transfer to the Houston office from London to take up the = new role of CIO for Corporate Systems. His group will include the ISC, Ente= rprise Portal, Intranet Solutions, CRM strategy, Treasury Systems, Developm= ent Support and will matrix into HR IT Systems. Continuing in their current positions are Inja Chun, CIO for EBS Systems; P= aul Freeman, CIO for Enron Europe; Jay Webb, CIO for eCommerce, which now i= ncludes Commodity Logic Systems; and Jenny Rub, CIO for Infrastructure. All of the above positions report into to Mark Pickering in the Office of t= he Chairman for Enron Net Works. Transitions into their new positions will= begin within the next two weeks and should be complete by the end of the y= ear. The search for a CIO for EGS and an individual to lead the Enterprise Frame= work group are ongoing. IN THE NEWS "It's easy for the market to kick a company when it's down, but these chall= enges do not last for a solid company, and we think Enron is one." =20 by David Howard Sinkman; October 22, 2001 from Reuters English News Service= . WELCOME New Hires EIM - Janet Clements, Marcus Mays EWS - Arnie Stifel Transfers (to or within) EWS - Kathy Bass, Ofelia Morales, LaDonna Finnels-Neal, Edith Cross, Berney= Aucoin, Brian Butler, Oliver Jones, Brad Morse, Narsimha Misra, Robert Bow= en, Anna Santucci, Devon Williams, Kevin Ashby Robert Gerry, Angela Finnels= , Rogers Herndon EIM - Marvin Carter, Angel Tamariz EGM - Richard Kottke, Dimitri Tagaropulos =20 EnronOnline Figures Below are the latest figures for EnronOnline as of October 24 * Total Life to Date Transactions > 1,600,000 * Life to Date Notional Value of Transactions > $ 885 billion