This is the content of an email: Mark, re. the above, we are working on a significant number of divestments (very important transactions for cashflow reasons totalling potentially over 500MM US) in Europe that are likely triggers; I urgently need to address this with you guys - Michael Brown wants me to sort out a waiver letter / procedure before the weekend. Can't get a hold of Lance. Could you or Lance give me a shout this morning. Thanks, Marcus

Subject: negative covenants in merger agreement

This is the content of an email: Nancy; With the current restructuring of our activities, we are taking the necessary actions to dissolve the below listed Brazilian entities: Cone Sul Energia Ltda. Dutog?s Participa? ?es Ltda. EBD - Empresa Brasileira Distribuidora Ltda. Enron Communications do Brasil Ltda. Enron Communications Holdings Ltda. Enron Distribuidora de Petr?leo e Derivados Ltda. Enron Servi?os de Energia Ltda. EPA - Energia Participa? ?es das Am?ricas Ltda. MEDOC Empreendimentos Ltda. Also, we need to update the slates of the respective shareholders (our Cayco's) of other Brazilian entities as well as to replace outside counsel for Enron Delegate Managers (Wiggs, Gonzalez, Novak, Arap). Please be kind enough to prepare POAs for the Cayco's of the below listed companies ASAP: Brasen - Brasil Energia Ltda. (currently with Ulh?a Canto) Enersil - Energia do Brasil Ltda. (currently with Ulh?a Canto) PEP - Plena Energia Participa? ?es Ltda. Rio Energia Ltda. (currently with MMSO) Enron Am?rica do Sul Ltda. (currently with MMSO) Enron Comercializadora de Energia Ltda. (currently with Ulh?a Canto) Enron G?s do Brasil Ltda. (currently with Uh?a Canto) Enron Investimentos Energ?ticos Ltda. EPC - Empresa Paranaense Comercializadora Ltda. EPP - Energia Pura Participa? ?es Ltda. IEB - Investimentos Energ?ticos Brasileiros Ltda. (currently with Ulh?a Canto) RJG - Rio de Janeiro Generation Ltda. (currently with Ulh?a Canto) I'd greatly appreciate it you could provide a time schedule to have all documents ready for execution. Please call me should you have questions regarding any of the above. Rgds, Sami

Subject: POAs

This is the content of an email: Dear All, Please test the Stage Release of PortCalc version 4.2.1s1 and let us know of the results. The executable is /stage/egs-home/ermt/bin/pwrcalc_slr New Features: Version 4.2.1s1 Changes Affecting All: Asian strip Fixed the Curve shift numbers in the adhoc table. Index Option Break up one single adhoc record into two records for physical and financial. Basis Option Fixed the issue on the break down of Peak and Off Peak curve shift for the second delivery point. Performance Improvement Disable unnecessary sensitivity calculation to improve performance typical for hourly options. Cross Portfolio flag form deal entry is now used. Before this change, PortCalc used to determine which deal is cross portfolio using internal logic. Curve and Position Manager PortCalc will now populate the peak_hours_num, off_peak_hours_num, sun_peak_hours_num and sat_peak_hours_num columns in the adhoc table to provde volumetric information for the Curve and Position Manager. Changes Affecting Australia: Asian strip Always use curve price for effective date to avoid next-day financial true up for that day, so that current previous day value can tie up yesterday's value. SRA New Deal type. Changes Affecting VATR: Populate the INSTR_TYPE_CD as TRANSMISSION in the pwr_vatr_port_posn table for Transmission deals. Please do not hesitate to ask if there is any questions. Thanks, Norman. x36976.

Subject: PortCalc Stage Release 10/29/2001 Version 4.2.1s1

This is the content of an email: Celeste, I am writing to get some clarification on how the recent changes to the program affect my eligibility for promotion. At the end of last year you informed me that I was not eligible for promotion to associate until the mid year review (my 2 year anniversary). It was my impression that the only reason that I was held back from promotion into the associate program was tenure. Now, after reading the memo, it seems as if I will not be eligible for promotion to associate until I complete 3 years in the program. I am wondering if I am still eligible for promotion to associate during this PRC? Thank you in advance for your prompt attention to this matter. Eric Bass x3-0977
Subject: Program Changes