Subject: "GISB appendix doc revised.".

Body: Based on Stacy's comments yesterday, I have changed the last sentence of 11.1. Her comment was that the last sentence of 11.1 said events of force majeure may inclucde and 11.2 said events of force majeure shall include. Now they both say shall however I have tied it to the preceding sentence of 11.1.

Subject: "Cal Imbalance Deals - 5/3".

Body: I've entered the following imbalance deals under STCA and STWBom desks. 599966 STCA sells Cal Imb NP-15 On Peak 38 MW 600031 STWB sells Cal Imb NP-15 On Peak 37 MW Let me know if you have any questions. Kate

Subject: "Morgan Stanley Capital Servides".

Body: Aaron: You never told me who in London negotiated the EnronCredit.com Ltd. agreement with Morgan! I can try to work off of that ISDA. Thanks. Sara

Subject: "Paper and pulp group status report".

Body:
I am still trying to resolve the question of who will advise you on the consulting and other agreements. In the meantime, I have attached a form which you can use to create a report for your group. This would be quite helpful to the lawyers in staffing the group more efficiently. SS