QUESTION: Brent: attached is a draft memo that Lynn and I prepared. We would appreciate your comments. Also, who else do you think should be a recipient of this memo? Should we prepare a separate "Action Plan" or strategy to submit to Mike? You may recall in our meeting of Friday last that Mike committed to assess the long term situation in BA (at least I think that's what he agreed to do) and we (foolishly) committed to prepare a review of our activity in BA. Maybe we can discuss on Friday morning at 9 am (Houston)/12 pm (BA). Let us know if you have any questions. I believe that Lynn is in a seminar on Thursday. Sara
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ANS: Draft Trading Memo

QUESTION: Scandinavian Gas and Power 11th & 12th February 2002 Hotel Bristol, Oslo www.ibcenergy.com/scandinavia/?source-sw689em1178e ***Don't miss this opportunity to hear from the leading industry players within the field*** Dear Mr Lay IBC's Scandinavian Gas and Power conference will be the industry platform to discuss the latest strategic and technical developments in the field. The main objective is to explore the issues of production and distribution, energy deregulation, exports, LNG technology, modern technologies and new projects as well as investment opportunities and finance in the exciting marketplace of Denmark, Norway and Sweden. Full programme and speaker details available at www.ibcenergy.com/scandinavia/?source-sw689em1178e Speakers from: ABS Europe Eltra First Securities Hafslund Statoil Vattenfall Hafslund Norsk Hydro Sinclair Roche & Temperley Svensk Energi Statnett Norwegian School of Management Danish Energy Agency, Ministry of Environment and Energy Norwegian University of Science and Technology (NTNU) There are a number of ways for you to register for this vital conference simply call our bookings hotline + 44 (0)1932 893851. Alternatively, book via the dedicated webpage @ www.ibcenergy.com/scandinavia/?source-sw689em1178e I look forward to meeting you in February in Oslo. Yours sincerely,
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ANS: Scandinavian Gas and Power

QUESTION: Jamie Serota and Allan Van Fleet with Vinson & Elkins have developed a one hour CLE program covering the antitrust issues encountered when non-regulated entities such as Enron compete with regulated utilities for market share. An outline of the program is attached. Jamie Serota and Allan Van Fleet will present the CLE program on Wednesday, August 22, 2001 at the Doubletree Hotel, 400 Dallas (La Salle B room) from Noon to 1:30 p.m. The program will be accredited for 1.00 hour of CLE credit including at least .25 hours of ethics credit. If you would like to attend please RSVP by Wednesday, August 15, 2001 by sending an e-mail to my assistant, Janette Elbertson. Lunch will be served.
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ANS:
CLE Program - Antitrust Issues Relating to Regulated Industries