Here is an email: Also, there was a confirm that came in Friday with Amerex for you Buying 1/day BOM (12/2-12/31) HeHub Gas Daily $7.00 Call Option at $0.26. The counterparty was Cinergy...Let me know if this is a good trade and we'll get it loaded into the system. Thanks,
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A: Trading Files and P&L
Q: John: Hi, there! As you are aware of the structuring for tax purposes, until the U.K. corporate agent is actuallly formed, there is nothing further that I can do. That formation should happen today or tomorrow. With the actual name and agreements with ENA and ECT Investments, Inc., I can provide that information to Instinet and the other trading platforms you are interested in transacting on. Just FYI, the Instinet people are merely waiting for the agent agreement in order to proceed. Please let me know if you have any further questions. Sara
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A: Instinet and other platforms in the name of ENA or ECT Investments, Inc.
IN: Rob, independent of dotted/solid lines, you already have the primary and complete responsibility to manage the office and the business. At the risk of being bold, I think the undercurrent of your note and your discussions with Haedicke over the last couple of days is a matter of absolute control. Ownership and passion are important characteristics of our best commercial people but so is fostering a diversity of opinions and ideas. With the back and mid office, the current Enron model is based upon scale and standardization which generates tremendous operating leverage. Further, it helps us manage risk and is a board mandated control issue. In the long-run, it is actually less costly (ie) systems that don't work together, less transferable human capital, un-managed legal risks, etc. A lot of your points are very valid and Haedicke has never and never will get in the way of managing commercial business; however, Mark, Wes, Sally, Beth et al have a mandate to provide a flexible, scalable but standardized delivery mechanism, that manages our risk across the broad empire. Don't quit protecting the business and your people; however, please help accomplish some of these goals as well. In short, I would like to keep the reporting structures the same. Lets take the earliest opporunity to discuss this. Regards

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OUT: Reporting Structure
IN: This is an email
Quick question to Joe and/or Christian, John and Mary: I'm assuming that any deal we sign with DWR that falls below the $150/MWH soft cap is free and clear of the order FERC issued on Friday as well as any other refund risk associated with FERC's December order. Is that correct? Thanks. Best,

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OUT: FERC Order and DWR
QUESTION: did i send this to already? fyi. this was very contentious at India mtg w/ Lay & Skilling. We need to understand what our exposure is. You need to become our India expert. Tx Rick
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ANS: Dabhol Phase II l/cs
IN: Hi Carlos, I'm back in DC, at the Willard, so I'm thinking of you. We (the commercial leads and I) will be in Richmond tomorrow for negotiations, then back tomorrow night at the Willard. I hope things are ok for you. I know it is probably stressful. Hang in there. Kay

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OUT:
Hello from the Willard