This is the content of an email: Dear Market Participants: Methodology used in developing the NYISO Virtual Bidding Credit Requirements: Day Ahead Market Hourly Zonal LBMP and Real Time Market Integrated Hourly Zonal LBMP values were used as the data source for developing the NYISO Virtual Bidding Credit Requirements. These values are available on the NYISO web site. The time period of June 1, 2001 through August 31, 2001 was used. Peak hours are defined here as the hours of 6am (06:00) through and including 10pm (22:00). The absolute value of the difference of the DAM and R/T price was calculated for each peak hour. The 97th percentile of these series of prices was calculated for each zone. The maximum of these zonal 97th percentiles was calculated to be $159.33. The data manipulation and calculation was performed in MS Excel. The attached spreadsheet contains the data used in the June 2001 to August 2001 calculations. (See attached file: Virt Bidding Credit Req data.xls) Please contact the Customer Relations department with any questions. Regards,

Subject: Virtual Bidding - data release

This is the content of an email: Tom and Tammy, After talking with Dan Masters yesterday, I believe we have the Buy / Sale incorrect in our system. In Sitarra, the deal (Sale side #672336) was set up for a monthly total of 10,920 (should acutally be 10,902) and was set up for March 16 - 31. Being that the dates were set as such, a total was calculated for those days only producing a volume of 5,632 to sell back to Enron LNG. Dan Masters says that the buyback contract was not supposed to be daily and should be for the full monthly amount of 10,902 mmbtu. He says that they sold us the full contract amount and that they bought back the full 10,902. Could both of you please look at this and correct the volumes in our system so that I can invoice Enron LNG for the 10,902 mmbtu instead of the 5,632? Please let me or Dan know if you have any questions.

Subject: March Buy / Sale (BuyBack) with Enron LNG

This is the content of an email: Please add Delma Salazar to all correspondence related to Operational Analysis on the Texas Desk. Delma will be replacing me on Texas effective immediately. I will be working with her all month to facilitate the transition. As always, if any questions arise, please feel free to contact me at any time. PL

Subject: Texas OA replacement

This is the content of an email: We will be holding a series of employee meetings today to talk through the merger with Dynegy and to answer questions. Time and location are as follows: Group Meetings - Houston Based - Monday, November 12 Time Group Room 12:00p EFS Houston 500 JFR - 16th Floor 1:00p IES/MES/CES/RMS/Acq. EB 5 C2 1:30p Product Development EB 5 C2 2:00p Deal Management/New Business Ventures EB 5 C2 2:30p Wholesale Services EB 5 C2 3:00p Services EB 5 C2 3:30p EAM / Info. Mgmt. EB 5 C2 4:00p Professional Services EB 5 C2 - Customer Care and Communications - Finance - Financial Operations - Human Resources - Legal - Media Services - Regulatory 4:30p Enron Direct EB 5 C2 We have also scheduled two conference calls later today for our field locations. See dial-in numbers below: Field Calls - Monday, November 12 Time Group Dial-In No. Confirmation No. 5:00p CST IPT/FieldCentrix 800-446-1671 Conf No. 5050607(Reference Dan Leff as the host.) 5:30p CST East Coast & West Coast 800-446-1671 Conf No. 5050627(Reference Dan Leff as the host.)
Subject: Update Meetings - Today