Problem: BODY: I quickly reviewed the draft and didn't see anything troubling about it. I'll defer to Greg on whether its OK from Legal's perspective as my review was brief. Gracias. DF
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A: SUBJECT: USGT Neg Rate Filing

Problem: BODY: I am a derivatives lawyer with ENA in Houston and obtained your name through one of my traders who is transacting with Jay Carr in Houston (please see attached message below). When I spoke with Jay earlier this month, I asked him for the name of a lawyer but was advised that all Vitol lawyers were in New York and that he would pass my message along to a lawyer. I am assuming that you are the trading lawyer who can assist me with negotiating an ISDA Master Agreement between our respective companies. If not, please let me know and feel free to pass this message on to the appropriate attorney. On April 12, 1995, Enron Capital & Trade Resources Corp., predecessor in title to ENA, and Vitol S.A., Inc. entered into a Master Agreement which is one of ENA's early energy price swap agreements. Since our companies are currently trading weather derivatives, I think you would agree that it would be prudent to supersede the existing agreement with an ISDA Master Agreement. This relates to my conversation with Jay in that we confirmed our weather deals under the existing master but incorporated the 1991 and 1993 ISDA definitions into the confirms of our weather trades. Please let me hear from you. You can reach me via email, phone (713/853-5620) or fax (713/646-3490).
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A: SUBJECT: Master Agreement (financial) between Enron North America Corp. ("ENA") and Vitol S.A. ("Vitol")

Problem: BODY: Lisa: Houston found another small dispute for Dec. 2001 with BPA. Please see the attached. In sum, based on BPA's figures, it looks like we doubled up by adding numbers from the 25th to numbers for the 26th (hence, doubling the 26th) According to them: 12/26 Deal 381345 = 600 MW total (not 1200) Deal 380414.1 = 200 MW total (not 400) Please check the scheduling sheets and let me know if you agree. Thanks! Jenny
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A:
SUBJECT: BPA - Dec. 2001