IN: THE PLAN! The upcoming November 12th general meeting will be a special occasion. Businesses who share your concern for continually improving our community join the Houston Heights Association. Their dues, sponsorship and active participation help us make our neighborhood the unique and inviting place we all enjoy. Our November meeting will showcase the many area retailers that add convenience and quality to our daily lives. The theme of the program is "Holiday Shopping in the Heights". There is a wealth of marvellous shopping opportunities right here under our noses in the Heights. As a typical male, shopping is not real high on my list of life's pleasures. Don't get me wrong. I love giving gifts. It just the "getting them" part that I get stuck on. While cost is a factor, it is not the biggest issue. The idea of just zipping right down the street and picking a nice gift up does have a great deal of appeal. Saves gas. Saves valuable "golf" time. Gives me a chance to say hello to a few friends. The big shopping stickler remains "What to get for who and where?" What I need is "The Plan"! Well Happy Holidays! Merchants from the Heights have already done the all the leg work for us. They have put together "The Plan". They have a shopper's paradise of information that answers many of those age old questions like: Where can I shop in the Heights that does gift wrapping too? What the "in" gift to give my 8 year old niece? What an alternative to giving my significant other yet another kitchen appliance this year? What is a nice gift for Granny this year? Can you give me a map of how to get to the participating stores along with their holiday hours? What merchants offer special Holiday discounts for being an HHA member? What is the best way to get gifts shipped from the Heights and what are my deadlines? Where are the best places in the Heights to buy Holiday decorations and what are some new approaches? As our nation reaffirms it's believes and values this Holiday season, few are more important than the strength of our community. This holiday season make a pledge to do your shopping close to home - right here in the Houston Heights. Buy from that business owner that also is your friend, neighbor and member of the Houston Heights Association. See you at the fire station starting at 7 PM on Monday November 12th. Then see you just down the street at that unique Houston Heights shop buying that one of a kind gift for that special someone. - Mike Easley If you would like to be removed from this email announcement list, please reply back.

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OUT: HHA General Meeting Monday, November 12th

IN: Summary Risk Data as of 21Dec2001 Previous Active Financial Deals 71 71 Active Physical Positions 40 40 P&L Daily ($thousands) 47.0 0.5 VaR ($thousands) 1,611.4* 1,533.8* ETS Margin Account Deals 0 0 *The VaR continues to be over the ETS VaR limit of $1,000,000. Company MTM by Counter Party Asset Liability Net 21Dec01 Previous Change NNG EL Paso Energy Marketing 17,814.4 (20,111.0) (2,296.6) (2,294.5) (2.1) NNG Reliant Energy Services 76.5 - 76.5 76.5 - NNG TransCanada Energy 22,482.7 (21,862.1) 620.6 620.3 0.3 NNG Grand Total 40,373.6 (41,973.1) (1,599.5) (1,597.7) (1.8) The terminated contracts with RMTC are now fixed receivables as of the early termination date of December 14, 2001 except for interest. NNG is owed $4.8mm and TW is owed $33.9mm. Amounts are past due. Definitions: Physical deals modeled in the Caminus Zainet system are deals which have some form of price risk, (i.e. Index to index deals, and anticipated fuel sales) This does not include standard transport and storage agreements or unhedged natural positions. P&L Daily: Daily change in the mark-to-market (MTM) valuation of all deals being tracked in the Caminus Zainet system. This includes the origination and changes in value for both the physical and financial sides of hedges, along with any speculative trades and floating unhedged physical positions. VaR is "Value at Risk": Enron Corp policy defines this as the maximum expected one day loss on the portfolio given a 95% statistical confidence interval. This number is currently calculated on the Caminus system using a variance covariance methodology, rather than a Monte Carlo simulation per the Enron Corp policy.

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OUT: Daily Summary of Risk Data 12/21

IN: Our new office supply house is Boise Cascade, and we just got the capability to place an order. We plan to radically scale down the supplies we previously kept in stock, but we will maintain a rudimentary supply of the basics. If you need an office supply that is not typically stocked or if you would like to see the catalog, please ask Mollie or me.

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OUT: We Can Now Order Office Supplies!

IN: Please note that the next meeting of the Enron Advisory Council is October 30-31 in London. If you plan to be in London on other business you are welcome at attend, but your attendance is not mandatory. Please contact Joannie Williamson at 713-853-1769, or via e-mail if you plan to attend. The final agenda is being developed and will be distributed well in advance of the meeting. Ken

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OUT:
Advisory Council Meeting - October 30-31, 2001