Celeste, I am writing to get some clarification on how the recent changes to the program affect my eligibility for promotion. At the end of last year you informed me that I was not eligible for promotion to associate until the mid year review (my 2 year anniversary). It was my impression that the only reason that I was held back from promotion into the associate program was tenure. Now, after reading the memo, it seems as if I will not be eligible for promotion to associate until I complete 3 years in the program. I am wondering if I am still eligible for promotion to associate during this PRC? Thank you in advance for your prompt attention to this matter. Eric Bass x3-0977
Answer: Program Changes
Here is an email: Jordan, Attached is the latest structure. This is still subject to change as AA has not yet approved. The deal basically involves creating a new entity to take ownership of 2 existing Electric Compressor Motor Drivers and associated contracts which ECT currently owns. The compressor motor drivers are supplied with electricity from the Navajo Tribal Utiltity Authority (NTUA). ECT sells horsepower created by the motor drivers to Transwestern in exchange for $$ and MMBtus. Lance Schuler will be working the finance portion of this project. This is a 2nd Quarter deal. Would you expect anything less? Please let me know who will be working on this from your group or call to discuss any questions. Thanks.
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A: Structure
Q: Trina: Could you please make sure that Susan Bailey, a legal assistant in our group, gets copies of all of the Raptor docs so that we can keep a file in our group. Ideally, we should get originals of all of the swap docs but I don't know if that's possible. I just want to make sure that I don't have to go through Scott to get anthing if you know what I mean. Susan's extension is 34737. Could you also e-mail the latest closing list so that she can keep track of what was signed? Thanks. Carol P.S. Spoke with Kristina last night and she said that she had a great time in Arizona. Hopefully I can make the next trip. Also, when you are in the neighborhood, stop by my office. I have a great picture of our son that I would like to share with you from the last ultrasound!
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A: Project Raptor
IN: We have reached an agreement with JP Morgan Chase that allows us to remain in the Enron Building through March 31, 2003. JP Morgan and other lending banks that hold the lease on this building may choose to take administrative actions to protect their rights in the bankruptcy proceedings, including foreclosing on the entity created to hold the lease. However, this action would not impact our agreement with JP Morgan to remain in the building. Under the agreement, we will pay taxes and rent for our office space through March of next year and make up all back taxes and rent. We will continue to review the company's office requirements and evaluate all of our space options early next year.

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OUT: Enron Building
IN: This is an email
Are there any more revisions for the Power Books. We are going to put together a list of all books to date with all revisions sent to us as of yesterday. Once this is put together, we will send to each of you to ensure complete accuracy, therefore, any revisions that we may have should be caught on the list following later today. Again, let me know of any other revisions we may have. Thanks. John

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OUT: Power Book Revisions
George McClellen asked that I send to you a brief description of the NOxTech process and the TVA Transaction. Please see the attachments. I would be glad to answer any questions you may have.
Answer:
Brief Description of NOxTech & TVA Deal