IN: This is an email
Michelle, =09I forget that you started with the team after I quit working on the TW A= greements; here's a brief update on what our "normal" process was previousl= y. We can change anything if you've found a better process... The Deal Capture Team (Craig & Esther) processes all FTS discount related a= mendments for TW Marketing. The Contract Group processes the new (base) ag= reement and any POI/MDQ/TERM type changes. All FTS service requests still = go to Contracts and, after the Capacity/Credit issues are completed and the= contract printed out, the entire contract folder is forwarded to Deal Capt= ure for additional processing (all firm contracts/amendments get sent to De= al Capture for review). Deal Capture gets with the Marketer to determine i= f a Discount is being offered and then creates the Discount Amendment, Rout= es it for approval (if needed) and Tenders all documents to the Shipper. D= eal Capture is responsible for obtaining all approvals other than Capacity = and Credit. When (if) the Agreement is executed and returned by the Shippe= r, Deal Capture will handoff the original documents back to Contracts for a= ctivation and to complete all additional distribution and processing. Let = me know if you have any concerns or questions. As the first few deals go t= hrough, we'll need your feedback to see if the process needs some adjustmen= ts. Thanks for all your help... Craig

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OUT: TW FTS Agreements

IN: This is an email
There exists another receivable financing covering power receivables structured at the corporate level. I am working with Trey Cash and Melinda Winn to extract the receivables to enable the master netting agreements to be executed. For now, please touch base with me prior to initialing any master netting that includes power. Please note we are still working on the extraction from the gas receivables as well.

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OUT: READ THIS NOW RE MASTER NETTING

IN: This is an email
In order to bring better legal coordination and standardization to Enron's Risk Assessment and Control (RAC) group, we have formed a new legal group, which will initially include Lisa Mellencamp (Finance), Marcus Nettelton (Power Trading), Carol St. Clair (Broadband/Power Trading), Mary Cook (Financial Swaps), Peter Keohane (Canada), Ed Essandoh (Retail), Paul Darmitzel (Retail) and Elizabeth Sager (Power Trading) (Team Leader). This group will focus on, among other things, managing Enron's exposures with bankrupt counterparties, working out credit solutions with distressed counterparties and standardizing our overall credit practices. The initial members in this group have been drawn from Enron's numerous legal groups in order to gain a broader perspective. Each of these members will provide support to this new group in addition to their current responsibilities. Within RAC, Michael Tribolet will focus on distressed counterparties, in conjunction with Bill Bradford, who continues to manage the Credit Risk Management group. Please join us in supporting the efforts of this new group.

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OUT:
New Legal Team to Assist RAC