Subject: "Hi!".

Body: Hi Dave: Thanks for your note! It's hard to believe that Washington House was over twenty years ago now. I left DC at the end of that summer and went to law school in Michigan. My first job after graduating was for a law firm in Houston. They opened a New York office in the mid 80's and I went there to help out. The office wasn't successful but I loved living in New York so I moved to another firm there and stayed for almost 8 years total. One of those years was spent working in Asia - primarily Indonesia and Hong Kong. I've now moved back to Houston where I am a lawyer with Enron - a large energy company - and focus on derivatives and online trading legal issues. We have offices in several countries around the world which I get to visit periodically. I'm actually writing this from Buenos Aires where I'm helping them get some products ready to trade online. I get back to Washington a couple of times a year to do some lobbying for the company and may actually have been there when you were in town - I think I was there the 11th & 12th. I've stayed in touch with Doc Kieft and Mark Kopinski and get back to M.C. from time to time. Mark lives in New York where he manages a couple of international mutual funds for American Century. I was on the Alumni Board for a few years so got back for their meetings at Homecoming and got to see the people who came back - unfortunately I haven't really stayed in touch very well. There have been a number of changes to the campus since our time so you may be surprised if you haven't been back for a while - of course Woodbine is gone, there's a new theater, a big addition to the gym and several major interior renovations. And I understand there are big plans for more - they are going to close Sixth Street, tear down Gibson and expand the campus a block to the west with at least one new dorm, a big expansion to the sports facilities (indoor track, pool, etc.) and a redesign of the library. Enrollment is up above 1000. Congratulations on your successful career - who would have thought when we got out of school so many years ago that Monmouth grads could do this well! There are doctors, bankers, chemists and lawyers everywhere you look. I guess we really did learn something while we were there. Let me know if you ever get to Texas. It would be fun to get together and catch up. Mark Taylor 1322 Rutland St. Houston, TX 77008 (713)863-7190(home) (713)853-7459(work)

Subject: "Project 20/20 PSA Schedules".

Body: Attached is the latest draft of the PSA for Project 20/20 There are several schedules attached under which any exceptions to the representations and warranties of Seller (ENA) need to be disclosed. The following are the relevant sections (and its associated schedule) in the PSA and those persons who area of responsibility these sections fall under. Please review the relevant sections and provide any information which is relevant for that section and its associated schedule. If you have any questions please call me at (713) 853-3512. This transaction is still highly confidential and should not be discussed with any third parties. Section 3.1(b) - Noncontravention - Gerald Nemec, Rob Taylor Section 3.1(c) - Consent and Approvals - Rob Taylor Section 3.1(d) - Title to Membership Interest - Rob Taylor Section 3.1(g) - Capital Structure - Jim Coffey Section 3.1(i) - Financial Statements - Jim Coffey Section 3.1(k) - Absence of Certain Changes or Events - Jim Coffey (accounting related), Gerald Nemec (disputes), All others review also. Section 3.1(l) - Contracts and Agreements - Gerald Nemec Section 3.1(m) - Compliance with Laws; Permits - Ken Choyce, Ann Elizabeth, as they relate to EMS Section 3.1(n) - Title - Ann Elizabeth White, as it relates to EMS Section 3.1(o) - Condition of Property - Ken Choyce Section 3.1(p) - Litigation - Gerald Nemec Section 3.1(q) - No restrictions - Rob Taylor Section 3.1(r) - Taxes - Rhett Jackson Section 3.1(t) - Related Transactions - Gerald Nemec, Rob Taylor, Rhett Jackson Section 3.1(v) - Environmental Compliance - Ken Choyce, Ann Elizabeth Everyone please review all the reps, and warranties and let me know of any issues, but the above listed persons are primary points for these issues. If anyone listed above feels that someone other than themselves is more appropriate for providing this information, please let me know as soon as possible. Timing is critical on pulling together this information, so please provide this information by no later than Friday of this week. The PSA will be executed next week. Please let me know also if there are no issues.

Subject: "Confidentiality Agreement".

Body: Here is a revised CA with CINergy. They also sent a clean version thinking that we might not have any changes other than what we had before. I am still trying to talk to Jeff about paragraghs #5 and #6. Thanks Ben

Subject: "Sempra".

Body:
Sara: Sempra Energy Trading Corp. has requested that in lieu of them signing every single confirm that we send them that they sign periodically a statement that lists all of the outstanding deals where they acknowledge that they agree to the terms of such deals. Do you see any problem with that? Carol