RE: Thank you

I am sorry I did not get to you first and let you know. My apologies. I really appreciated your interest in the position and your commitment to ETS. You are a quality individual and I respect you for that. Thanks.

-----Original Message-----
From: Holmes, Bradley
Sent: Thursday, November 15, 2001 4:52 PM
To: Horton, Stanley
Subject: Thank you

Stan:

Shelley informed me this morning that it has been decided that Steve Hotte will remain at EGS as the CIO. I wanted you to know that I believe this decision is the best outcome for your organization at this time.

In addition, I wanted to express my appreciation for considering me for the CIO position. Although I have been at Enron a short time, I am pleased that I have the support of your management team and have exhibited to them that I have the capabilities of operating at the officer level.

As we go through the inevitable changes that will occur through the merger, you have my commitment that I will focus my team on their ETS projects. I truly believe we can impress Dynegy with our outstanding pipeline operations and our strategic initiatives.

Thank you,

Brad Holmes