Subject: "Trade idea".

Body: Front to backs are huge Is the delivered basis market holding value or is it getting crushed?. Heard about el paso oct feb roll, from where I'm at, thinking selling Oct and going long Feb phys is better than feb merc, rather stack length in winter front and bet on hording of existing storage given forecast At these levels I like owning winter physical against NYMEX short?Is the bias that the EFP's blow out further? Frank

Subject: "New Power".

Body: Attaches are the marks for New Power as of COB 9/25/01. We continue to send a margin call on a daily basis however payment has not been received. Please let me know if you need any additional information. Thank you

Subject: "Keegan Farrell - Out of Office tomorrow".

Body: Good Afternoon All! Just a reminder that I will be out of the office tomorrow, November 21. I will return to the office on Monday, November 26. Thank you, and I wish you all the best of holiday seasons!

Subject: "rush approvals - EOL".

Body:
I've gotten some calls from the business people who want to trade with two counterparties right away. One is Michigan Consolidated Gas Company, which is on the list for the 19th, and the other is Mobil Oil Corporation Supply & Distribution which is on the list of the 20th. Can you please make sure the individuals in Global Contracts responsible for these counterparties update them today. Our business people would be most appreciative!