Subject: "NYISO - Technical Bulletin # 80 - Locational Reserve Availability Clearing Prices".

Body: Dear Market Participant, Technical Bulletin # 80 - Locational Reserve Availability Clearing Prices - is being distributed for Market Participant comment. The Technical Bulletin will be posted to the NYISO web site following the comment period. The purpose of our Technical Bulletins is to facilitate participation in the NYISO by communicating various NYISO concepts, techniques, and processes to Market Participants before they can be formally documented in a NYISO manual. Note: This Technical Bulletin is effective as of September 30, 2001. Please forward comments on this Technical Bulletin, via email, by 5PM on Friday, October 5, 2001 to: Peter Lemme NYISO Customer Technical Services plemme@nyiso.com (See attached file: TB_80_draft.pdf) - TB_80_draft.pdf

Subject: "Edison Mission Energy".

Body: George, it is probably worth speaking to them about the US assets - probably the smaller Virginia sites which are probably less core and may be great brownfield sites. I'm not sure we would have an interest in UK coal fired assets. I would speak to Sherriff on that one. However, I would caution that real value is created through RAPID brownfield development leveraging on Enron's development, electricity, coal and emissions talents. For ComEd and Homer City, Mission has already paid up for these assets based on gas being on the margin. Now that was before a lot of the run up so it may be worthwhile; however, I think it may be difficult to arb these guys. As well, I think it may be difficult to get the asset out of them - I'm not sure that they can turn their strategy or show a loss this quickly from a Wall Street point of view. We should probably take a shot at the smaller probably less core Virginia assets. Are they in QF, if so there may be upside in the deal from Duran's point of view.. Dave, given the rise in gas prices and gas being on the margin for a larger part of the load curve, coal assets or coal QF's may be great assets for us from a restructuring and power asset (expansion/brownfield) point of view. Have we looked at this? Are there many in the market? Regards

Subject: "Bay Gas Storage".

Body: Mark, I forgot to mention in my earlier note, that for the parking/storage arrangement with Bay Gas, I would request their form of storage agreement. I makes more sense to have a separate agreement cover the parking arrange as this is really independent of the compression services. These storage company typically have their own agreement that not bad and usually won't use the counterparties paper.

Subject: "CES Deals for July".

Body:
I show no sales to CES for the month of July. I created deal 315460 to bookout with deal 217769 and deal 315471 to bookout with deal 223967. Please let me know if you have any questions.