This is the content of an email: John, I talked to Dale Nesbitt. He suggested that the best way to evaluate his model is to go through a one week intensive project with assistance of somebody from his company. Our cost is a flat fee of $12,500 that would be deducted from the purchase price of $55,000, in case we buy the software package. The price of 55K is indicative and will be adjusted based on the required level of support. Dale will be in Houston next week. I have tentatively invited him to visit with us on Tuesday, November 7, at 3:00 p.m. He will adjust if you are busy at this time. Please, let me know what you think. Vince

Subject: Dale Nesbitt

This is the content of an email: I spoke with Marsha Greenblatt (Sempra's trading lawyer). She was unaware of any issues with Sempra's dealing with ECTRIC but recognized that (i) this is a credit decision and (ii) trading with ECTRIC has occurred. Sempra does have a London trading operation so maybe the London traders for both of our respective companies have been transacting. Of course, all confirms she reviewed were with ECT/Sempra (except for one or two ECTRIC confirms). Based upon our recent ECT/ECTRIC internal conversation, I don't anticipate further confusion. Thanks for everyone's attention to this matter. Sara

Subject: Sempra Energy Trading Corp.

This is the content of an email: Good Morning. WTC voicemail is down. The link between WTC and Qwest is not working. PGE has reported the problem at 5:50am and we are waiting to hear what's happening. Quick reminder on what can occur when voicemail goes down and what your might experience when the link comes back up: 1) The message waiting light won't go off after you retrieve your messages. If this occurs just have the person lift the handset, hear dial tone and dial, 113. This will clear the message waiting light. 2) The message waiting light is not on and you could have a message. Have employees check their mailbox just in case they are expecting critical messages. The next voicemail will activate the message waiting light. Please let me know if you have questions or concerns.

Subject: WTC Voicemail

This is the content of an email: Sara, Per your conversation with Phil Levy, attached please find our proposed amendment to the Interest Rate and Currency Exchange Agreement currently in place between The Chase Manhattan Bank and Enron North America Corp. I have reviewed the definition of "Specified Swap" as defined in Part 1(2) of the Schedule and it does not appear to include foreign exchange transactions. Therefore, I have modified the definition in the amendment. Please review the amendment and, if satisfactory, arrange for the execution of two copies. Both copies should then be returned to my attention at 270 Park Avenue, 40th Floor, New York, New York 10017. In addition, once executed, I would appreciate your faxing me a copy at 212-270-7368. Once I receive the originals and have them executed by Chase, I will return to you one fully executed original for your files.
Subject: Amendment to IRCEA