IN: Attached are the latest documents from the ECT power trading group. The documents distributed in March, 1999 were revised recently although no redline is available. There are no other forms currently in use. I'll speak with Elizabeth Sager about pending revisions. Also, I will send to you both my thoughts regarding an action plan for the coming months. Let me know if you need anything further and if I should be copying any business people/legal on our e-mails. Sara

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OUT: Power Trading Documents

IN: Happy Holidays Everyone !!!!!!!! The career centers holiday hours will be from 8:30 am to 4:30 pm for the time period 12/17 to 12/21 closed from 12/24 to 1/1, open 8:30 am to 4:30 pm from 1/2 to 1/18. Starting the week of 1/22 we will be back on the regular schedule MTW 8:30 am to 8:15 pm, Thur. 8:30 am to 6:00 pm and Fridays 8:30 am to 4:30 pm.

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OUT: Career Center Holiday Hours

IN: Currently, we are unable to use IT to serve Ogy at Doyle on Transco. I have devised a super scientific method for pricing VNG space for Ogy. Poke all the holes in it you want. Use the following formulas to determine the price to Ogy The higher of St 65 Offer plus $.35 TCO Offer plus $.14 Good Luck

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OUT: OGY using VNG capacity

IN: A friend of mine, Jim McCloskey, a Director at Ernst & Young, mentioned to me that one of his partners and former Vice Chairman of E&Y, Bob Herdman, was recently named Chief Accountant to the SEC and asked whether E&Y could be of any assistance with respect to the present SEC inquiry. I told Jim that I would convey his request to the appropriate personnel. If you or any one wanted to discuss this matter further with Jim he can be reached at 713-750-8206. I do know that Jim had met with Jeff Skilling earlier this year to talk about opportunities in E&Y working with Enron and I think he has another meeting scheduled in November with Rick Causey and others for a follow up presentation, all unrelated to the SEC inquiry. Regards,

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OUT:
Ernst & Young