IN: This is an email
Management Committee Offsite Wednesday, October 24 11:30a - 5:00p Four Seasons Hotel, Whitney Room Lunch will be provided An agenda will be distributed prior to the meeting. Please call if you have any questions. Thanks,

What is the subject?

OUT: Confirmation of Management Committee Offsite - Wednesday, October 24, 11:30a - 5:00p

IN: This is an email
Mr. Geoffrey Pack; Per Sarah Heineman's earlier discussion with you, Enron North America Corp. ("ENA") will shortly email to you the ISDA Schedule and Paragraph 13. We do not have ISDA boilerplate in word format and assume that you have such documents. If not, please let us know. We received internal credit information in mid-January. Unfortunately, the derivatives legal group at ENA has been short staffed until very recently so we apologize for the delay in submitting draft documentation to you. We did email the Enron Corp. form of guaranty to Michael Midden on 2/16/01. We are currently working with Jay Williams (credit) to respond to any credit issues and John Suttle has transferred to our Australia office. Please feel free to contact me if you have any questions.

What is the subject?

OUT: ISDA Master Agreement

IN: This is an email
We have received an executed Assignment and Assumption Agreement, dated as of August 10, 2001 by and among Constellation Energy Sources, Inc. ("CES"), Constellation Power Source, Inc. ("CPS") and Enron North America Corp. ("ENA"). This Assignment and Assumption Agreement will assign trades from CES to CPS and all trades shall be governed under the ISDA Master Agreement between CPS and ENA. Copies will be distributed.

What is the subject?

OUT:
Constellation Power Source, Inc.