Here is an email: Julie, I'm leaving at 10:00 AM today. Please let Scott, Maureen, or Robin know what you find out on the Boston Gas deal for the winter. Thanks
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A: Boston Gas
Q: Loftus, Here's the file. If you break the date column up into three separate columns for month, day, and year then you can use subtotals and/or pivot tables to analyze the data a little more quickly and dynamically. For example, you might want to look at the extremes or averages for any particular month or year or whatever. I c an help you do this if you want. Remember that this is a very limited data set statistically speaking, especially considering that the last 3 winters were far above normal. If you want to investigate what the possible extreme scenarios are based on past history then I can get you the data for many decades further back if wish. Just let mw know. Thanks,
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A: Chicago Temps
IN: As far as your email questions, my responses are following: 1. The list I have provided you is the only list that exists on financial counterparties. There is no Excel spreadsheet to follow. 2. Duke Energy Corporation. At Mark's direction, I am sending his note below regarding utilities. Again, until we do the due diligence on a utility counterparty we have no way of knowing what kind of local, state or federal regulation or approvals they may be subject to. We currently have masters in place with only about 10 utilities/govt's. We are in the process of negotiating another 30. Until those masters are executed and we have the relevant resolutions, authority documents and/or legal opinions, I cannot approve them for online trading. I have made every effort to search company websites and elicit from Credit whether a counterparty is a regulated utility or not. If I cannot tell by the information available to me, additional due diligence will be needed to see if they are subject to local, state, or federal regulation. Mark can override any decision I have made, I can only make decisions within the guidelines the attorneys have set for me. 3. Montana Power Trading and Marketing Company is a subsidiary of a regulated utility. I am unable to determine from Credit or their website what type of regulation they might be subject to. The note is true that Credit says they are getting out of the business anyway. 4. Petrotemex. Per my conversations with Mark and our advice from counsel, unlike U.S. and U.K. counterparties, Mexican counterparties are not able to enter into derivative transactions unless their articles and bylaws specifically provide for these types of transactions. We will not know this until the due diligence is completed, so I am supposed to say "no" for Mexican counterparties we do not have a master swap agreement in place with. 5. PSEG. It is an energy services company; however, it is also not an eligible swap participant (or "ESP"). CFTC regulation limits the derivatives trading we may do to certain types of counterparties that meet certain financial requirements (large, institutional type investors, companies, banks, etc). Corporations and partnerships have to meet certain net worth and asset levels or we cannot trade financially with them. Whenever I say "not ESP" or "not eligible swap participant" it means they have not met the financial net worth test. 6. The American Coal Company. See prior note.

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OUT: Online Derivatives Trading with Regulated Utilities
IN: This is an email
Sara: We have a situation in Mexico that we need to address fairly soon. In a nutshell, we were negotiating a master with this counterpartty for a long time and at a certain point we (with credit approval) entered into a transaction and a day later we agreed on the final terms of the Master. We sent them final execution copies in one day and Enron filed for bankruptcy 2 days later. They never signed the docs and we never confirmed the transaction because we were waiting for the master. They now do not want to send us an execution copy of the master because it provides for automatic early termination. I will stop by your office to discuss. I will be talking with this counterparty tomorrow to propose some solution but would like to have your views before talking to them. WE are about US$1MM in the money with these people. Thanks

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OUT: Mexico
QUESTION: Mr. Lay: =20 I would like to take this opportunity to thank you, from the bottom of my h= eart, for all the hard work you are trying to do, and continue to try to do= , on behalf of those of us who will always be proud to call Enron 'home'. = I joined Enron a short 11 months ago, and moved from the New Hampshire Publ= ic Utilities Commission to do so, and will likely never regret taking the l= eap. I have learned so much of value here, have broadened my horizons by or= ders of magnitude, and worked with so many top quality people, that I canno= t help but feel better for the experience. I have enjoyed professional suc= cess and satisfaction beyond my wildest dreams with Enron, and will always = carry the confidence of having succeeded amongst the best there are in the = business. I cannot help but feel terrible that so many wish to lay blame w= here it does not belong, but I can only assume that in times of crisis, lay= ing blame may soothe nerves and provide some comfort. Know that there are = still many at Enron who admire the enormity of what you have done for energ= y markets in the United States, and have never doubted your integrity. As = I, like many others, inevitably move on in these coming weeks and months, I= will leave with mainly good memories, and of course, the regret that such = an awesome organism like Enron could not survive forever. My prayers and t= houghts are with you as you work so hard at preserving our core businesses,= and again, thank you for giving me the opportunity to have been a part of =
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ANS: Thank You for Your Hard Work
IN: A Conference call to discuss any comments we may want to make on the CPUC's Proposed Decision in the GIR Proceeding has been scheduled for Wednesday, Oct. 17, 2001 at 11:00 AM Houston/Omaha time and 9:00 AM California time. The dial-in # is 1-877-795-3687 code: 350955. In Houston, Conf. Rm. 1336 has been reserved for the call.

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OUT:
GIR Conf. Call