IN: This is an email
John: Here is a summary of the 2 Snyder Agreements. As we discussed last week, there is one trade (a basis swap that will expire in August 2004) that they want to remain under the 1194 Master. Let me know what you want to do. !. 1994 Agreement cross default threshold - $10,000,000 for Snyder and $25,000,000 for us automatic termination if bankruptcy occurs setoff includes affiliates collateral is LC's only collateral threshold - credit rating matrix Below BB- - 0 BB- $2,500,000 BB $5,000,000 BB+ $6,000,000 BBB- to BBB+ $10,000,000 A- and above $15,000,000 $15,000,000 Enron Guaranty 2. 1996 ISDA Agreement cross default threshold - $50,000,00 for us and $25,000,000 for them no automatic termination upon bankruptcy setoff includes affiliates collateral includes LC's and cash collateral threshold - $10,000,000 for both parties MAC trigger is below BBB- for us and BB- or below for them no Enron Guaranty Carol

What is the subject?

OUT: Snyder

IN: This is an email
market_relations@nyiso.com writes to the NYISO_TECH_EXCHANGE Discussion List: Dear Market Participants: On the November 1999 & December 1999 Transmission Customer Monthly Statements many customers have noted under the "Energy Settlement" section for "Forward Energy" a change in MW-Hrs with no associated change in dollar amounts. This is because of a correction in the sign convention for the MW-Hrs related to external generation transactions (transactions from a proxy bus to the NYISO reference bus). For all other types of transactions the NYISO charges customers the appropriate TUC or LBMP based on the MWs that flowed, but for external generation transactions, customers receive payments from the NYISO, and therefore these types of transactions have an opposite sign convention. The dollars associated with the external generation transactions have always had the proper sign convention, but the MW-Hrs have not. On 01/17/2000 this sign convention was corrected for all billing months going forward resulting in the correct MW-Hr values being reported from February 2000 to date. However, November 1999 - January 2000 did not have the proper MW-Hrs reported on the Transmission Customer Monthly Statements. With the latest settlement adjustments posted the MW-Hrs are being corrected with the proper sign convention. Transmission Customers will see similar changes in their forward energy MW-Hrs for January 2000's settlement adjustment.

What is the subject?

OUT: November & December 1999 Settlement Adjustments

IN: This is an email
All, Just wanted to touch base with you to see if you have had a chance to review the full time Analyst resumes that were delivered to you on May 14th. Please see the list below of remaining Analysts and let me know ASAP if you would like one of them for your group: Andrew Bermack Bali Bukenya Belinda DeLa Cruz Deborah Freire Neeloofar Haghighat Blake Lasuzzo Jaryn Levitas These Analysts will be starting on July 17th and be attending orientation for a couple of weeks. There are also three real time Analysts that were recently interviewed and made an offer to join Enron as a full time Analysts: Timothy Weil - will be starting July 17th with the other full time Analysts Vacharapol (Eddie) Sanguanruang - He will be able to start as soon as his visa is transferred which is already in progress Nat Kreamer - He would be able to start June 4th if needed We will be forwarding resumes to each of you on the real time candidates and if you have an immediate need, please let me know. Thanks in advance for you consideration.

What is the subject?

OUT:
Full Time Analysts