Subject: "TradersNews Energy Account Activation".

Body: Juan, I have created an account for you to receive TradersNews Energy. PLEASE FOLLOW THESE INSTRUCTIONS TO ACTIVATE YOUR ACCOUNT. ACCOUNT ACTIVATION INSTRUCTIONS: 1. Launch a web browser 2. Go to our home page at www.tradersnewsenergy.com 3. Scroll down to the logon box on the left and enter your Username and Password Username = hernandez (all lower case) Password = jve3 (all lower case) 5. Hit enter 6. You will now access our news page. Please bookmark this page for future reference. If you have any questions, problems or comments, please contact me. Best Regards,

Subject: "Product Type approval - (CAN Gas Phy Fwd Firm East Spd < or = 1Mo)".

Body: Your review and approval of the following product type in the EOL Data mana= ger is needed (for directions on approval, please see steps for approval at= the bottom of this e-mail). Please do not approve before 11 A.M. CAN Gas Phy Fwd Firm East Spd < or =3D 1Mo=09(2193) Can Gas Phy Spd Dawn vs Niagara Nov01 USD/MM A Canadian Gas Spread Transaction which is entered into as two physical Tra= nsactions with Enron North America Corp. under which either (A) for the cas= e in which Counterparty submits an offer to buy the Spread from Enron, Coun= terparty shall sell the First Transaction and buy the Second Transaction wh= ile Enron shall buy the First Transaction and sell the Second Transaction, = each in respect to a quantity of natural gas equal to the Daily Contract Qu= antity at the Contract Price on a firm basis; or (B) for the case in which = Counterparty submits an offer to sell the Spread to Enron, Counterparty sha= ll buy the First Transaction and sell the Second Transaction while Enron sh= all sell the First Transaction and buy the Second Transaction, each in resp= ect to a quantity of natural gas equal to the Daily Contract Quantity at th= e Contract Price on a firm basis. The Contract Price for the First Transact= ion will be the midpoint of the bid and offer price(s) on the Website for t= he first product listed in the short description at the time of the Transac= tion if both the bid and offer prices are then available or the available p= rice if only one of such prices is then available. The Contract Price for = the Second Transaction will be the Contract Price for the First Transaction= , modified by the price submitted by the Counterparty on the Website. The transaction is from the Effective Date to the Termination Date. The Eff= ective Date is 01 Nov 2001. The Termination Date is 30 Nov 2001. The First Transaction is for delivery at Union Gas - Dawn, Ontario. The Se= cond Transaction is for delivery to Transcanada Pipelines at Niagara. The price is quoted in US Dollars per unit of volume, which will be the Con= tractual Currency. The unit of measure against which the price is quoted shall be millions of = British thermal units and the quantity shown shall be in millions of BTUs p= er day. =20 STEPS FOR APPROVAL: click the =09START button=20 select =09PROGRAMS select =09TEST APPLICATIONS select=09ENRONONLINE CLUSTER(PROD) =09PROCEED WITH USUAL LOGIN/PASSWORD=20 click the=09Enron Online Production Cluster "START" button =20 select=09EnronOnLine (this is the EOL Datamanager) =09PROCEED WITH EOL LOGIN/PASSWORD click on the "+" for EnronOnLine click on the "+" for Product Types click on the "+" for "Awaiting Approval" (OR "Partially Approved") select the product requiring review as stated in e-mail above Right "mouse" click on "properties" to view product set-up=20 TO APPROVE: Right mouse click on "Approved" CW 3-7533

Subject: "Head above water?".

Body: Hadn't talked with you in a while and thought that I would send a quick note to say hello. Saying it is busy here sounds a bit like a broken record, but it is busy here! Big challege currently is juggling our huge day-to-day business for Enron Americas, starting the absorption of some pieces of EES (my part alone looks like an additional 120 employees, with the intent to find ways to assimilate that business and ultimately reduce overall support costs for Enron), the sale of Houston Pipeline to AEP that should conclude in June or July and the commercialization of mid and back office services. All of these of course with top priority! I am really enjoying having Beth Apollo on the team. She has already made a very positive impact, while she is learning the details of the operations side. How is life treating you? I know that their is a lot going on in the London office, as well. How has Ted Murphy's assimilation into the London office been? Do you have plans to be in Houston any time soon? Keep me posted tomorrow on any news that you hear from Mike Jordan regarding their baby. Hope that all is well with you. --Sally

Subject: "September FOM volumes for CES/New Power".

Body:
Hi Team. I just want to make sure everyone gets this message. Effective September 1, we will be using "The New Power Company" in sitara. All existing deals will need to be changed to "The New Power Company" in sitara. If you enter deals in the sitara or you find an existing deal with the counterparty "Columbia Energy Services", please change the counterparty to "The New Power Company". Thanks