IN: We need to meet on Wednesday, the 2nd, at 2:00 pm (in the big conference on the sixth floor in ECS) to go back through the East Power contracts that we will continue to serve either through the pools or under bilateral deals. Given the drill we went through today in preparing for the January schedules in PJM and NEPOOL, it became apparent we need to get all the team members on the same page and make sure we have a good system for notifying all relevant parties of terminations, changes, etc. Bill/Ed - Can you please run the most recent DPR for non-terminated East Power contracts. Casey and Stacey - will you please update the spreadsheet that you ran for Kevin last week. Let's make sure we all agree on contracts that have been terminated. As most of you probably have seen, a number of terminations have been received in the past several days (see below). United Illuminating - effective January 1, 2002 HQ Energy Services - effective January 1, 2002 First Energy Solutions - effective January 2, 2002 Old Dominion - effective January 10, 2002 - we should schedule in PJM through the 10th of January (do we have any other positions with Old Dominion). Ameren Energy GPU Energy - effective January 21, 2002 - we should schedule in PJM through the 21st of January (they may push back, but we should remind them that they will be subject to LDs). Thanks,

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OUT: East Power Meeting
IN: This is an email
In the course of negotiating a master close-out netting agreement with J Aron/Goldman Sachs, they have now requested that after signing the Netting Agreement that we turn our attention to negotiating a Master Gas Purchase and Sale Agreement (I assume two, one for US and one for Canada) to replace the GTCs currently used for the US and Canadian trades. Tanya: Could you have the appropriate person in Credit prepare a credit worksheet so Jeff/Peter's teams can prepare the draft Masters? Thanks, Alan

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OUT: J Aron Gas Master
QUESTION: We have two Summer Clerks coming in this summer which we have hired through the Houston Bar Association Minority Recruitment Program. Majed Nachawati will be starting Monday May 21st. He will be here 6 weeks and Alisha Mahibar will start on July 2 and be here the final 6 weeks. Enron Corp. also has hired two law summer clerks from UT . These clerks will be doing 4 week rotations throughout Enron and we will have them each for a four week period. Dates are still being finalized. Samantha Ferguson, an HBA law clerk from last summer, will again support the Global Market group this summer. I would like to have a point person from each of your groups with the charge of getting these clerks involved in the project flow for each group. My plan is to have these clerks work with two groups during their time here with the groups rotating during the summer. Please, consider who in your groups would be best suited for this role and provide feedback as soon as possible. I will take this role for the East Origination-Gas Trading group. Thanks for all your help.
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ANS: Summer Clerks
Barbara, Tom Martin called and said it was his understanding that he could buy gas at any EOL point such as Exxon Katy, Waha or Carthage for any term and that he could resell such gas into HPL. I explained to him that the EOL carve out was for transactions of less than one month. He asked if you could call him if his understanding was incorrect and then he asked if you wouldn't mind just calling him to discuss the matter.
Q: What is a potential subject line for this email?
answer: Non Compete
Ken, My line manager in London was Steven Roselius. He is a good guy with a family and a loyal company man. He is a Texan and over in London on a two year contract. Now he has just rented his house out in Houston on a six month contract so has no where to live and no job. He has lost 100K in Enron stock. If you can offer him any help please do so, he is under a lot of stress which he is taking quietly. Regards,
Answer: steven roselius
Q: Fred, I suggest a phone call among the team today to make sure we are all on the same wave length. What is your schedule? Thanks,
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A:
PSEG