Subject: "ENA Origination Track".

Body: All, Further to your recent discussions surrounding the ENA Origination Track I will shortly be scheduling an interview date for you to interview recommended candidates. You have already received the attached list of suggested candidates and as I understand it you have no comments on these individuals thus far. In order to match the success of the ENA Trading Track it requires your 100% commitment and participation in the following areas: 1. Interviewing 2. Training 3. Mentoring 4. Promotion of the Track I will contact each supervisor of the attached list of candidates to gain further feedback on these candidates, prior to contacting them, and ensure their respective buy-in. If you have any questions please call me. I look forward to working with you on this Track. Kind regards,

Subject: "San Juan Index".

Body: Liane, As we discussed yesterday, I am concerned there has been an attempt to manipulate the El Paso San Juan monthly index. A single buyer entered the marketplace on both September 26 and 27 and paid above market prices ($4.70-$4.80) for San Juan gas with the intent to distort the index. At the time of these trades, offers for physical gas at significantly (10 to 15 cents) lower prices were bypassed in order to establish higher trades to report into the index calculation. Additionally, these trades are out of line with the associated financial swaps for San Juan. We have compiled a list of financial and physical trades executed from September 25 to September 27. These are the complete list of trades from Enron Online (EOL), Enron's direct phone conversations, and three brokerage firms (Amerex, APB, and Prebon). Please see the attached spreadsheet for a trade by trade list and a summary. We have also included a summary of gas daily prices to illustrate the value of San Juan based on several spread relationships. The two key points from this data are as follows: 1. The high physical prices on the 26th & 27th (4.75,4,80) are much greater than the high financial trades (4.6375,4.665) on those days. 2. The spread relationship between San Juan and other points (Socal & Northwest) is consistent between the end of September and October gas daily. It doesn't make sense to have monthly indeces that are dramatically different. I understand you review the trades submitted for outliers. Hopefully, the trades submitted will reveal counterparty names and you will be able to determine that there was only one buyer in the 4.70's and these trades are outliers. I wanted to give you some additional points of reference to aid in establishing a reasonable index. It is Enron's belief that the trades at $4.70 and higher were above market trades that should be excluded from the calculation of index. It is our desire to have reliable and accurate indeces against which to conduct our physical and financial business. Please contact me anytime I can assist you towards this goal. Sincerely,

Subject: "Weather Transition (Complete For My Part?)".

Body: Hi Guys? Per our discussion this morning - two further items needed to complete my end of this transition of the weather team: 1) A contact number for The Weather Channel - (770) 226-0000. It's a switchboard number but they do have a dial by name directory - that's how I get anybody I know there. The 2 names: Dr. Steve Lyons and Kevin Stenson. 2) My internet explorer bookmarks can be found at O:/Research/Bennett/Favorites. My understanding is that this is all you guys need from me to complete my part of this transition. Please confirm this - and let me know if/what you still need me to do. To avoid confusion - please respond to everyone on the list above so that we can ensure that HR continues to be in the loop with this effort. Sorry about the confusion but please let me know what further I can do - or if you are satisfied please confirm that there is nothing further that you need. Steve

Subject: "Problems with New York Prices".

Body:
I was denied access to the "nyiso price information version 2", and therefore was unable to add the NY prices to the shiftnote. I received an error message stating, "Cannot access read-only document 'NYISO Price Information version 2.xls'. Perhaps each individual on the 24-hour desk will require clearance from IT.