IN: Stephanie and Sara - We currently have several deals on the books with National Energy Group, Inc. that we confirmed under omnibus confirms. The initial two deals that we did with them, TAGG numbers QY8453 and QY9133, required independent amounts and had the credit language attached. I have attached those annexes below. We have since executed the following trades: VH0606 VH0931 VH0969 VH0982 VT5854 VT5861 Our positions with this counterparty have gone deep in the money to them, and they have asked us to send them back the collateral. While I am not thrilled about doing this, I understand that this is a commercial issue and we probably need to do this to be responsive to the customer. If you hadn't guessed by now, this is a Lagrasta customer, so I am getting the requisite incentive from Fred to get this done. In concert with the return of their collateral, I want to send them a document that allows us to call for margin again if their positions start moving back in ENA's favor. I want to be able to call them if their position moves any less than $3 million in their favor. Right now, the positions are over $6 MM in National Energy Group's favor; I want to call them if that exposure changes to anything less than $3 MM in their favor. This would still give us some "cushion". What do we need to do to make this happen? JRW

Generate a subject line.

OUT: National Energy Group, Inc.

IN: Hi Jo, I left you a voice mail, but being an email addict I thought I would send you a note as well. Our son, Michael is in a Montessori kindergarten, which we have decided may not be most suitable for him. We discussed it with Vivian Shudde, and she suggested that I give you a call about the Grace School. My husband and I would like to visit Grace. We are wondering if it might be possible to visit tomorrow. Please let me know what you think. Thanks,

Generate a subject line.

OUT: Kindergarten

IN: This is the North America version. There are a number of variations for different jurisdictions. You can see them all on the website by going to enrononline.com and then going to the "How to Register" page. There is a drop-down that lists all of the available PA's.

Generate a subject line.

OUT: PA and ETA

IN: Brant: I haven't heard of anyone pushing this internally but there are serious issues here because of the "agency" relationship that Energy New England has with various municipals. You want the municipals on the dotted line and not the agent. How do you want to handle?

Generate a subject line.

OUT:
RESPONSE TO ENRON DRAFT ISDA - Energy New England LLC