Subject: "J Aron Gas Master".

Body: In the course of negotiating a master close-out netting agreement with J Aron/Goldman Sachs, they have now requested that after signing the Netting Agreement that we turn our attention to negotiating a Master Gas Purchase and Sale Agreement (I assume two, one for US and one for Canada) to replace the GTCs currently used for the US and Canadian trades. Tanya: Could you have the appropriate person in Credit prepare a credit worksheet so Jeff/Peter's teams can prepare the draft Masters? Thanks, Alan

Subject: "SEC inquiry regarding hedging through limited partnerships".

Body: You may recall that I flew in from San Francisco to meet with you last September to interview for an attorney position to work on the commoditization of broadband. You were interested in me because I had traded futures as a broker prior to my career as a lawyer. I was sorry to hear through a headhunter that Enron had disbanded the group. (Robbi, I hope that you recovered from your house fire.) To cut to the chase, I have read in the news about the SEC investigating Enron and its derivatives trading with two of its LP's, which I gather was extremely profitable. I wondered if there was an opportunity to finally work for Enron. I understand how swaps work, have conducted financial investigations and have securities litigation experience, albeit all on a smaller scale than you are operating on. I have gas swaps experience as a lawyer at TransCanada Energy Ltd. I worked for the Alberta Securities Commission assisting them in an investigation into a market manipulation. I also used to sue the major brokerage houses on a contingency basis for outrageous acts committed by their brokers when I had my own practice. I have been looking for an opportunity to work with swaps and specialize in the law with respect to derivatives. I am available immediately and would be willing to work on a contract basis. If you think that I could help, my number is 403-241-7293. Take care, Garry Henderson Calgary, Alberta, CANADA - Resume of Garry Henderson.doc

Subject: "Price Reservations for the 14 July RTM and 15 July DAM".

Body: JSavitt@nyiso.com writes to the NYISO_TECH_EXCHANGE Discussion List: The NYISO is reserving hours-beginning 6 and 10 in the 14 July 2001 real-time market to verify prices. Prices in the 15 July 2001 Day-Ahead market are correct. Pursuant to ECA-B the NYISO is reserving the following hours at the following external proxy buses: HQ: 02:00, 10:00, 23:00 NE: 02:00, 10:00, 23:00 OH: 02:00, 10:00, 23:00 PJM: 02:00, 10:00, 23:00

Subject: "Status".

Body:
Russell: Our credit person is okay with deleting the Independent Amount definition. Susan will make all the changes and coordinate with you in getting this signed up hopefully sometime this week. Thanks for your help on this. Carol