Subject: "Private Equity".

Body: Hello Robert, Hello Sara, The purpose of this e-mail is to supplement my voice mail messages this morning. I know a lot is going on and that the legal team must be all hands on deck. Having said this, however, I would appreciate it if you could give me a sense of where you efforts stood prior to recent events. Further, I would like to get a general sense of timing relative to the continuance of your efforts. To this end I would greatly appreciate a 15 minute catch up session. This catch up will help me manage other outside relationships. I will ask Anita Llamas-Granado to try to schedule either a call or a face-to-face. Thanks. FC

Subject: "Local Production for June".

Body: John, I took the volumes on deal 226556 to 0 for the term of the deal starting June 1. This is the purchase from Belden & Blake behind NYSEG. I changed the volume on deal 226563 from 1 dth/day to 1500 dth/day. This is the purchase from StatOil at CPA. The price on this deal is NX1 + .434 and the price on John's worksheet is NX1 + .54 (per MCF). John, is this price adjusted for dth?? I created deal 280185, purchase from StatOil, volume of 333 day, the price is NX1+ $.56 PER MCF. This is a purchase of local production behind the citygate. David, this deal probably needs to be hedged in Sitara. Cindy - deal 226563 is a purchase from CES - Statoil Energy. I set up deal 280185 with the same counterparty. This deal should have been in the system effective 1/1/2000. According to Elizabeth, we should not use the CES - StatOil Energy. It doesn't matter to me how its set up, however, this deal should have been in the system from Jan and it is the same type of deal as deal 226563. I changed the volume on deal 226747 from 1 dth to 1100 dth/day. This is a purchase from Questar and it is also local production behind CPA. John, there are 3 deals for Questar, the other 2 deals have volumes of 0 right now. Can you tell me how the volume should be split out for pricing purposes? Molly, I created deal 280132, FOM priced sale to CES. This deal will be matched with the CPA local production deals. Let me know if anyone has any questions. Thanks

Subject: "JAPRO Gruppen Aktiebolag".

Body: Martin sent this message to London and Michael advised that Sullivan & Cromwell be retained. With respect to interest by the CFTC in the proposed transaction, would you agree that the same law firm advise on that issue as well? Makes sense to me. Also, what is Energydesk.com LImited? Sara

Subject: "NYISO - ICAP Strip Auction Reminder".

Body:
DDechiaro@nyiso.com writes to the NYISO_TECH_EXCHANGE Discussion List: Michael Mackles, NYISO Credit Manager writes, Reminder Re: October 1, 2001 ICAP Strip Auction In order to participate in the October 1, 2001 Strip Auction to procure ICAP for the six month capability period of November 1, 2001 through April 30, 2002, please be reminded of the following: 1. To ensure that your bid will be considered, collateral consisting of NYISO approved letter of credit, surety bond or corporate guarantee must be received by the NYISO by September 24, 2001. 2. This instrument must have an expiration date no earlier than June 30, 2002. 3. This collateral should be sent to the attention of: Michael Mackles, Credit Manager NYISO, Inc. 290 Washington Avenue Extension Albany, NY 12203