Subject: "Recent Info on QF Pricing-related Issues".

Body: As a follow-up to our call. Here is some additional information regarding QF pricing issues. QFs who voluntarily switched to PX pricing have been getting paid full PX prices (and there seem to be a couple of thousand MWs that have switched. The concern is that the Commission's ultimate decision on PX-based QF prices will force the QFs that have switched to "refund" some of the payments they've received (e.g., under a "PX minus" mechanism). The majority of QFs are happy with the judge's proposed decision pending before the PUC (except those remotely located QFs who will take a big GMM hit). As we discussed, the Commission strongly rejected Edison's emergency motion regarding the gas piece of the QF pricing formula. Recall also that a couple of months ago

Subject: "Update for Wednesday/Thursday?".

Body: Hello Ken As we have not had a recent "daily update" from you - I write inquiring about the status of OUR company. We heard about the acquisition discussions with Dynegy through the press (NOT from Enron's management!). Clearly, this does not engender confidence in the management's communication philosophy. We also heard that there is a meeting planned with Enron's banks on Friday - again through the press! Communication failed again. Further reductions in confidence came as Enron restated it's financial statements for the period 1997 through 2000. Again this news was provided by the press! Couple of questions for you - who were the commercial folks putting together the LJM, Chewco etc. deals? Who were senior managers approving these deals? Perhaps Enron should part company with some of those folks too. Where was the board and where were you when these deals were being done? There appears to have been no corporate governance at the relevant periods! On a personal level, I have invested many years in this company. I currently have a holding of approx. 4,500 shares which I purchased because I believed in the company. I also have numerous share options. Unfortunately, this episode has obliterated my confidence in management and in particular in you and Jeff Skilling. I suspect you guys are ok - as you had the foresight (knowledge?) to cash out your holding during the latter part of last year and most of this year. Please be aware that the fate of thousands of people rests in your hands. I would be interested to hear your views.

Subject: "guitar".

Body: Hey Jeff - Just wanted to shoot you a note while I'm thinking of it. One of my other students has one of those Martins you were asking me about and has some good info regarding picking one out. Ask me about it next time I see you. Later -Avram

Subject: "Storage".

Body:
Let me know if you have questions. I think we need to add Nov 2000. AND, according to Navigator, the balance in storage on 1/20/2001 is 2,973,373. Assuming ENA is owes you 40,000, the balance is 3,013,373 which is about 49% of the total storage balance. Is this a comfortable number or crititcal? Joann, are there any special storage rules for Feb and March? Are we required to have at least 40% in storage on 1/31/2001?