Problem: BODY: Mark, The word on the street is that the NewPower folks are getting further in trouble (ie) strange trading activity, etc. Looks and smells a little like the old EES. Couple of opps: - get another shareholder on-side and demand an Enron led audit to confirm financial and operating health; - followed up by hostile exit of mgt team if significant issues arise. Issues: - obviously pushes us into another level of complicity/fiduciary in a blow up or bankruptcy not unlike the issues we faced with Kafus et al; however, given our continued interest a significant control issue could result in a significant acceleration of a write-off of our existing position plus any outstanding credit. I would recommend we force the management team to submit to a detailed audit as a part of a united shareholder iniative - Lets discuss. Rick Buy, what is our current credit position? Greg/John, do you have a view on this one? Rick Causey, we probably need a more "permanent solution" ot the NewPower issue. Regards
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A: SUBJECT: NewPower

Problem: BODY: Please take a final look at Section 13 as purposed by Northeast as they hav= e=20 changed the last sentence again! Enron recognizes that, when NEGM is acting as Buyer hereunder, NEGM is=20 purchasing gas on behalf of certain gas companies (the =01&Repurchasers=018= ) to=20 whom it immediately resells such gas at the Delivery Point(s). The parti= es=20 further agree that the term =01&Transporter=018 when used in this Contract,= =20 including, but not limited to, in Sections 4 and 11, shall include any=20 company acting in the capacity of a transporter for any Repurchaser and agr= ee=20 that Section 4.3 of the Contract will apply to invoices from such=20 Transporters for Imbalance Charges received from such Transporters to the= =20 same extent as if such invoices were received by NEGM provided, that any su= ch=20 Repurchaser scheduled and nominated the same volumes as Enron and NEGM=20 scheduled and nominated on hehalf of such Repurchaser at the Delivery=20 Point(s). =20 Thanks
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A: SUBJECT: Northeast

Problem: BODY: Melissa, We've got a counterparty with a draft of a master where the counterparty has the rounding conventing for kilowatts at 6 decimal points. Is that our standard convention? Thanks for your help! P.S. I have passed your request for a copy of that assignment to my assistant Taffy Milligan. She can get you copies of any documents in the future.
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A:
SUBJECT: Rounding Convention