Subject: "Update".

Body: Pablo and Jose: Thanks for the update. Based on the marketing information that you received from us yesterday, are there any restrictions on our folks in Mexico going forward with their marketing efforts? If so, please advise. Prior to receiving you written advice, would it be possible to schedule a call maybe on Wednesday of next week with myself and Jaime so that we can at least outline any potential online issues, both in connection with our marketing efforts and in connection with the online documents that you are reviewing? I am available anytime after 2:30 (Houston time) on Wednesday and I am wide open on Thursday.

Subject: "Changes in Registration for CERA Access".

Body: CERA notified us yesterday of new procedures for accessing the CERA web site. If you have never registered for www.cera.com, please follow the procedures attached. Call me if you have any questions.

Subject: "Credit Reserve - PGET Deal #817705.1".

Body: Please note the following addition to the Credit Reserve for October 2001. CP: PG&E Energy Trading - Power L.P. Deal No: 817705.1 Deal Date: 10/12/01 Deal Specifics: Enron to Buy Financial Swap from PG&E Energy Trading - Power L.P. Term: 01/01/2004 - 12/31/2006 Volume: 50 Mw On-Peak Price: $49 Region: NY Zone G (East) Trader/Mid-Marketer: Fletch Sturm Credit Reserve Amount: $60,000 USD RAC: transaction confirmed under ISDA Master Agreement executed 6/27/01 between ENA and PG&E Energy Trading, Power L.P. Please call with questions or comment. Thank you

Subject: "Staff meetings cancelled today".

Body:
Please make note of the following: 1:30pm CT - Staff Meeting - CANCELLED 2:30pm CT - Safety Meeting - CANCELLED. If you have any questions, please give me a call. Thank you,