Subject: "November Statements".

Body: Please begin sending the Phillips Petroleum statements to me at the following e-mail address (jahartn@ppco.com). Jennifer Littau is no longer the accountant handling these properties. Jennifer has forwarded the November statements to me, but I would appreciate your sending them to me directly in January. If you have any questions, please feel free to contact me. Thank you for your assistance.

Subject: "e-Trans Contract Administration".

Body: Contract 05591 was suspended at 11/30/2001 13:38:04 PG&E National Energy Group and any other company referenced herein that uses the PG&E name or logo are not the same company as Pacific Gas and Electric Company, the regulated California utility. Neither PG&E National Energy Group nor these other referenced companies are regulated by the California Public Utilities Commission. Customers of Pacific Gas and Electric Company do not have to buy products from these companies in order to continue to receive quality regulated services from the utility.

Subject: "Agreement with NetWorks".

Body: Henry - Attached is a draft of the proposed confidentiality agreement for work to be pursued with Enron Net Works. I sincerely apologize for the delay in forwarding this document to SunGard for review. It is possible that a few additional comments will need to be added once I have discussed the document further with key business personnel. Please review the attached at your convenience and also forward, as necessary, to anyone else in your organization who is required to review and approve agreements of this nature. Thanks for your patience.

Subject: "European Employees".

Body:
Michelle: I've been meaning to call you. I understand that there are a number of issues regarding paying European employees' expenses. My schedule is pretty filled up for Thursday. If none of my meetings run over, then I have a break between noon and 1:00 or 2:00 and 3:00. Or I could discuss these issues after 8:00 p.m. Let me know when you would like to talk and if you continue to have issues in this regard. Thanks - Sylvia