Subject: "NYC Gate Basis".

Body: Thomas: Can you please answer the following questions: 1. What is the NYC Gate volume that can be switched to NYH#6, NYH#2 and Diesel ? 2. What utilities have this capability, and what is the volume per utility? 3. What is the volume outside NYC that can be switched? 4. Explain the mechanism for determining the fuel oil pricing I was at the meeting I had to leave early, thanks Brad

Subject: "reminder".

Body: ***** FRIENDLY REMINDER****** The RSVP's for the Guadalupe Power Partners invitation sent to you via email last week is due by June 8th. The invitation reads as follows: Texas Independent Energy invites you to "come on down" for the Dedication Festivities of the Guadalupe Power Partners Plant, Thursday, June 21st and Friday, June 22nd in Marion, Texas. Put yer' boots on, grab yer' hat, and click this weblink www.pandaenergy.com/guadcomm for yer' personal invite! Ya'll come on now, ya hear? THIS EMAIL CONTAINS NO ATTACHMENT, IT IS FOR INFORMATIONAL PURPOSE ONLY. SEE THE MENTIONED WEBSITE ABOVE FOR DETAILS AND RSVP INFORMATION.

Subject: ""Other Agreements" in Lotus Notes".

Body: Per our conversation yesterday, we would like to open the "Other Agreements" information in the Financial Trading Agreement Database to members of the Interest Rate and Currency Desk. If possible, we would also like them to see the comments screen. The people who will need access are Laurel Adams, George Garcia, Sheila Glover, Kelly Templeton, Teresa Brogan. As usual, we would like to get them access ASAP. Can you keep me posted on their access. Thanks!

Subject: "Report on Hearing Today".

Body:
The court held a hearing today on the motion by some of the plaintiffs for an order regarding the preservation of documents. The motions were directed primarily to Arthur Andersen and, to a lesser degree, to Enron. None of your names were mentioned at the hearing. Arthur Andersen and one of the plaintiffs' lawyers had agreed on a proposed order for preserving documents. Other plaintiffs' lawyers said that the agreed order was not stringent enough. With respect to Enron, there is some doubt as to whether the court can enter any order regarding Enron, because that may be the exclusive purview of the bankruptcy court. Although the issue of which attorney should be appointed lead counsel was not technically before the court, most of the hearing was consumed with the various plaintiffs' lawyers arguing that the court should select them to be lead counsel. The court said that it would not rule on the motion regarding preservation of documents until after 3:00 tomorrow. All of the plaintiffs' lawyers are to get together in the next 24 hours to see if they can agree amongst themselves as to what they want the court to do. The court said she would also consider whether Arthur Andersen was willing to agree to whatever order plaintiffs' all might agree upon. The judge suggested that she would be selecting the lead plaintiff (and counsel) within the next few weeks.