IN: This is an email
Attached is the document I mentioned. You will get a separate e-mail from Karen Denne which will include the invitation and the invited for the Thursday meeting. My contact information: Steven J Kean EVP and Chief of Staff Enron Corp

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OUT: California Power Crisis
QUESTION: Just wanted to check to see if you needed any additional information to prepare the assignment letters on the Entergy New Orleans and LGS Natural Gas Contracts to Bridgeline. Please keep me updated as to the progress on these assignments. Thanks,
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ANS: Assignment Letters
Nothing fatal. Here are some thoughts/comments on the AMA for your general consideration: 2.2 (d) Bank accounts/bookkeeping. I've previously been advised that Corp performs this function. Issues which arise: will the money be invested overnight, who has signature authority, etc. We have a draft services agreement prepared for Peoples which can serve as a "go by" if you decide you need a separate doc. 2.2 (b)Billing/collection. Responsibility generally should stop at sending nastygrams. No duty to hire lawyers, etc. 2.2 (f) Insurance. In Texas, you have to have licenses to buy/sell insurance and adjust claims. Current language may be soft enough to not violate licensing laws. 2.2 (g) cost of filing for licenses and permits not included in defn of Marketing Expenses, but there's some catch all language that might help. 2.3 Accountants may like it to be clear that we can't hire/fire O & M contractor, set O & M policies, or dispatch plant. 3.2 If there are multiple transactions in a short period, these may be captured in one document, not one document for each transaction. It would be helpful if the EEIM for use with others explains our agency role. (may be in there - didn't review a copy) Is the Owner a power marketer yet? Are we helping them get EEIM's with the Approved Counterparties, or are they on their own? Will Enron sign on behalf of Owner for Contractor (Enron) transactions (sounds silly)? Is there an EEIM in the works between EPMI and Owner? 3.3 (f) I suspect by now you've figured out profits, etc, relating to "day of" transactions. 3.4 last line - should it be interruptible instead of contingent? Assume Owner has transmission risk? Is there a "no third party beneficiary" clause? I might have missed it. Not life or death. Interesting structure. Could I get a copy of the final document? Thanks,
Q: What is a potential subject line for this email?
answer: to read or not read, that is the question
Rod and Susan: I met with the counterparty and lawyer last week. Following are the results: Rod: CP would like a phone call to discuss the Schedule and CSA. They mainly want explanations as to why ENA made the elections in the docs for: 1. p.1 Cross Default Threshold 2. p. 2 Additional Event of Default, part (xi) 3. p. 4 issue providing Quarterly Unaudited Consolidated financials 4. CSA p.2: How was Collateral Threshold determined Susan: CP would like the following: 1. Schedule p. 3: sample certificates per third entry for docs to be delivered 2, " p. 5: need to get address 3. " p. 6: Process Agent. Need to provide CP into on CT Corp. You will need to speak with Julian Poole because the CP has fairly good English (the lawyer does not speak English) and Julian may want to schedule the call. I don't know how quickly the CP will want to act because there is a Stamp Tax issue to be resolved. Thanks. Sara
Answer: Hidroelectrica Diamante Sociedad Anonima
Here is an email: Please note that on 10/29, the West Power made approximately $17.7 MM today (prelim), of which $17.8 MM was from Curve Shift. We made curve shift mostly in Mid-Columbia, $24MM, and ZP-26, $9.7MM, and lost some in SP-15, $15.9MM. Please see the attached file for curve shift by delivery point by year. Please let me know if you have any questions.
What is a potential subject line for this email?
A: West Power Preliminary P&L - 10/29/01
QUESTION: I have attached the referenced spreadsheet, changing my product approvals to add the new product list that Stephanie sent me (instead of th eold list Credit sent me). One of the new products appears to be Austrian physical power. Like the other European based physical power products, it should not be opened for the US based credit counterparties to trade, so I will not be marking it out on a going forward basis, I will just expect it to be shut down for the US based counerparties (unless I tell you otherwise on a particular one). Is that OK with you. Also, for Sempra, they will be coming by again on the 7/21 list (Credit opened them up for all financial power). I had already opened them up for all financial products except weather, so it shouldn't affect my approval.
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ANS:
Counterparty Approval List for 7/18/00