Subject: "NDA - IntercontinentalExchange".

Body: At the request of Mike Bridges, I am attaching our proposed form of Non-Disclosure Agreement. If the enclosed meets with your approval, please sign the NDA and return it to me via fax (713) 646-3490. If you have any comments or questions, please do not hesitate to call me at (713) 853-3399.

Subject: "HQ Energy Services (U.S.) Inc. Guaranty".

Body: Attached for your approval is the form of Enron Corp. Guaranty in favor of= =20 the referenced Counterparty, which guarantees the obligations of ENA under= =20 an ISDA Master Agreement. This Counterparty is an affiliate of the utilit= y=20 for the Province of Quebec, Hydro-Quebec. We will need the standard execut= ed=20 copy. Per my voicemail, we will need the executed guaranty by Tuesday, October 2= 4,=20 2000. Please let me know if this presents any problem. In addition, we will need the following closing documents: (i) Certificat= e=20 of Incumbency, (ii) certified board resolutions of the Policy for Approval = of=20 Guarantees (=01&Policy=018), (iii) certificate by the Treasurer or other au= thorized=20 officer certifying coverage of the Guaranty under the Policy, and (iv)=20 certified copy of Enron Corp.=01,s articles of incorporation and bylaws. Upon approval and execution, please call me at x33399 to pick up the=20 documents. Thank you for your assistance in this matter.

Subject: "Thank You".

Body: Last night when I left the Enron Building, once again I was so very depressed thinking that another executive was taking millions of dollars away from Enron and leaving the employees to fend for ourselves. On the way home I heard your announcement on the radio that you were not going to exercise that part of your contract. Thank you for restoring my faith in Enron. I truly appreciate the sacrifice you are making and thank you for thinking about the employees.

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