IN: This is an email
Before my next meeting with the Tozzini lawyers this month, I would like to create a list of SPECIFIC products for managing Enron's Brazilian risk. Bruce Harris is creating a list which he will forward to you shortly. Please review this list, comment and identify any products required for trading prior to December 31, 1999. Please let me hear from you if you would like to discuss any issues in particular. Thanks. Sara

What is the subject?

OUT: Financial Trading in Brazil

IN: This is an email
Justin & Paul, We are seeking your sign-off and assistance in connection with a swap termi= nation transaction that is part of an equity sale transaction that is prese= ntly set to close this Thursday. The good news is that the documentation h= as been substantially negotiated by a number of internal and external lawye= rs (in connection with the equity sale deal) and the swap termination deal = terms have been discussed and blessed by Gary Hickerson's team in Houston. The background and basics of the deal are as follows: In March 1999 Enron Capital & Trade Resources International Corp. ("ECTRI")= entered into a long-term interest rate swap with Greenfield Shipping Compa= ny Limited ("GSCL") in connection with GSCL's project financing of a 135,00= 0 cbm LNG tanker. The swap was documented by way of an ISDA Master Agreeme= nt (Multicurrency--Cross Border) and related Confirmation (Deal No. M148198=

What is the subject?

OUT: ECTRI-Greenfield Shipping Interest Rate Swap

IN: This is an email
Please send this email to anyone that may need to see it. I'm sure I left someone out. This is citygate gas ENA will sell to CES for June. This will reduce the numbers on the sheet Doug sent us yesterday. East Ohio Gas on CNG 10,000 dth/ month from Power Gas Marketing CPA on TCO 500 dth/day from Power Gas Marketing 1,833 dth/day from StatOil 1,100 dth/day from Questa - Note: this is an estimated volume. We should know the actual volume in the next day or so. Note: CES is not taking any Carnagie gas at CPA. National Fuel 250 dth/day from Belden & Blake. The deal expires 6/30/2000. Equitrans All of the Equitrans is production or pool gas on the pipeline. ENA nominates this gas. CES still has a citygate load of 1,280 dth/day for June on Equitrans so the production gas will be delivered to CES. CES will not be receiving any local production behind Peoples or NYSEG.

What is the subject?

OUT:
Local Production for June