IN: Hi Mr. Skilling, I am hoping that you can direct me to the correct person to vet a sponsors= hip opportunity to the LatinSummit. The LatinSummit is a unique forum for = Enron to gain invaluable exposure at the same time as the World Bank & IMF= Annual Meetings. Below and attached is information on the upcoming event.= Please consider this opportunity and I look forward to hearing from you. Sincerely,

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OUT: LatinSummit - presented during the World Bank Annual Meetings
IN: This is an email
The following summarizes the results of our meeting......If you want to discuss further, please call me. Break Field Area in 3 Regions / Allocate by point The decision was made to sub-divide the Field Area storage group into two regions; South of Plainview and North of Plainview, rather than 3 regions or allocating by point. If it is determined that additional divisions are necessary in the future, such changes can be made at that time. Changes to CAS are required. I have discussed the changes with Bob Johnson and Doug Aschwege and have learned that the changes are not difficult to make and could be made in a couple days. Gary Spraggins and I will determine which deferred delivery points are in these new field regions and then provide the information to Bob and Doug. Question: Should this change be implemented immediately or should it wait until the beginning of the withdrawal season? Change from 'net zero' approach / Provide minimum level of activity The decision was made to table this concern for now. The scheduled activity that drives the allocation process does not guarantee physical pipeline operations. In most cases, the flexibility provided by the Cunningham Field allows Gas Control to adjust operations to maintain the required minimum level of injections/withdrawals into Redfield and Lyons. Further analysis is required. Steve Thomas, Larry Swett and I will continue to monitor the system conditions/operations that effect physical storage to determine if and what additional changes maybe warranted. Send "Notice" when final scheduled number exceeds operational capacity The IT group will modify the scheduling cycle to add a procedure where the final net scheduled storage quantity is compared to the operational capacity set for storage. If the final scheduled quantity exceeds operational capacity, I will receive a notification via e-mail. The purpose here is to monitor occurrences to determine the magnitude of the problem. I will get with Gerry Medeles to finalize the matter.

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OUT: Results of Meeting on Storage Allocation Changes
QUESTION: Jeff and Gerald, I wanted you both to have the following information: (i) the legal/regulatory research questions that the Upstream Storage Group (Paul Bieniawski, Miguel Vasquez & Eva Rainer) have posed to LeBoeuf Lamb (law firm) and Brown Williams (rate consultant) and (ii) the two Reports produced in response to such questions. The Reports were delivered to the Storage Group personnel Friday, July 27, 2001, and were forwarded to me by Bob Neustaedter last Friday, August 3, 2001. The cost of this work was borne jointly by Jean Mrha's Upstream Group and the Regulatory Affairs Group; Donna Fulton, Sarah Novosel, and Bob Neustaedter are the Regulatory/Governmental Affairs individuals involved in retaining Brown Williams and in recommending Larry Acker at LeBoeuf to conduct the legal/regulatory research. I reviewed the engagement letters on behalf of the Regulatory Affairs Department. The combined cost of these reports is about $100,000. I've done the best I can to be sure that the Upstream Storage Group does not "overlook" the Legal Department as it forges ahead into a transactional arena fraught with significant regulatory and accounting risks and traps. Gerald, as you have become involved with the development scenarios that involve a compression component, I think it would be wise to become familiar with the contents of both the LeBoeuf Lamb and Brown Williams Reports. If either of you would like to discuss the legal, regulatory or political implications of the attached, please feel free to give me a call. Steve
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ANS: Upstream--Storage Group Legal & Regulatory Research
Rex/Mark - As we discussed, I am not confident that the Automated Securities Clearance NDA sufficiently covers us in this new matter. I have called Henry Bonner at SunGard to verify the legal structure to see if we can or cannot use it; however, he has yet to return my call. I have prepared the attached based upon a belief that we should have in place an NDA specifically with SunGard Trading & Risk Systems. Because we also want to move this matter forward, I have attached to the agreement a "Schedule A" in which I have outlined the work that SunGard will be performing for us - at least at the onset. If we go beyond the first five days of this work, we should definitely have a formal consulting agreement signed to ensure we have a clear path forward on the work to be done and deliverables to be provided. In the meantime, please take a look at the attached and let me know if this works. Thanks.
Q: What is a potential subject line for this email?
answer: SunGard
Please see the attached and let me know if you have questions. If it looks OK to you and the 1/2 reimbursement arrangement is OK with EPFS, please forward to James Centilli for his review. Thanks.
Answer: draft I&O
Q: Mich, Lavo wants to do following: Draft a cover letter that says "Attached is form of retention agreement which will be good at the conclusion of the auction on Jan 10/11, no matter who the counter party is, providing however that the successful bidder will at least 1. Have a bonus pool of at least 15% of EBIT if NETCO makes it forecasted earnings 2. Is at least AA credit rated 3. Agrees to the other provisions in the draft ASA relative to honoring Enron service and other employee matters. Take the Citibank doc we have been working on and make necessary amendments to remove references to counter party. We may need to give ourselves some wiggle room on how retention and bonus awards may vest. Can we get a draft of above this morning? David
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A:
Retention Agreement