Multi-settlement language needed for Nepool trades

Melissa -- The attachment has modified language in response to your
communication that EOL confirmations (and to a lesser extent, OTC
confirmations) could not readily be issued confining this language to trades
flowing on or after 1/1/03. Accordingly, please have the revised text placed
into confirmations with energy deliveries to occur at the "NEPOOL PTF"
Delivery Point. --David

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----- Forwarded by David Portz/HOU/ECT on 05/21/2001 11:53 AM -----

David Portz
05/15/2001 01:25 PM

To: Melissa Ann Murphy/HOU/ECT@ECT
cc: Dana Davis/Enron@EnronXGate, Daniel Allegretti/NA/Enron@Enron, Elizabeth
Sager/HOU/ECT@ECT, Sharen Cason/HOU/ECT@ECT, Marcus Nettelton/NA/Enron@ENRON
Subject: Multi-settlement language needed for Nepool trades

Melissa -- The redlined confirmation below shows the language resolved after
discussion with Dana as to what is being traded by the market participants.
Going forward, the insert is to be placed in confirmations with a NEPOOL PTF
Delivery Point where delivery will occur at or after 1/1/03, including
confirmations issued in relation to EOL trading. Please call me with any
questions. Thanks. --David

----- Forwarded by David Portz/HOU/ECT on 05/11/2001 12:29 PM -----

David Portz
05/11/2001 09:07 AM

To: Dana Davis/Enron@EnronXGate
cc: Daniel Allegretti/NA/Enron@Enron
Subject: Multi-settlement language needed for Nepool trades

Dana -- Attached is a draft confirmation template with text inserted in the
Delivery Point section to treat the multi-settlement issue you identified.
Dan Alleghretti worked with me to put this together, and believes that
multi-settlement would not be implemented before 1/1/03. The text is
intended to balance Buyer's and Seller's intersests so that it can be placed
in confirmations where EPMI is Buyer or Seller. Please come back to me your
comments or I will stop by your desk with a hard copy later this morning so
that we can discuss. --David

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----- Forwarded by David Portz/HOU/ECT on 05/11/2001 08:57 AM -----

Genia FitzGerald
05/09/2001 10:43 AM

To: David Portz/HOU/ECT@ECT
cc: Melissa Ann Murphy/HOU/ECT@ECT
Subject: Re: New language needed for Nepool trades

David,

Can you handle? This first went to Janice but nothing was done before she
left, then I re-assigned to Marcus yesterday and we know where he is!!

Thanks,
Genia

----- Forwarded by Genia FitzGerald/HOU/ECT on 05/09/2001 10:39 AM -----

Marcus Nettelton@ENRON
05/08/2001 08:23 AM

To: Genia FitzGerald/HOU/ECT@ECT, Melissa Ann Murphy/HOU/ECT@ECT
cc:
Subject: Re: New language needed for Nepool trades

Genia/Melissa

I will take a look at this. Melissa have you any other details you can pass
on to me before I speak with Dana which may be helpful.

Marcus

Genia FitzGerald@ECT
05/07/2001 03:02 PM

To: Melissa Ann Murphy/HOU/ECT@ECT
cc: Marcus Nettelton/NA/Enron@ENRON
Subject: Re: New language needed for Nepool trades

Melissa,

Sorry about that, I assumed Janice was taking care of it while we were at the
legal conference and she did not tell me otherwise. By copy of this to
Marcus, he can let me know if he can look at it or if I should re-assign.

Sorry for the delay,
Genia

Melissa Ann Murphy
05/07/2001 02:56 PM

To: Genia FitzGerald/HOU/ECT@ECT
cc:
Subject: New language needed for Nepool trades

Hello, is Marcus doing this? Janice never responded last week.

Thanks,
Melissa
---------------------- Forwarded by Melissa Ann Murphy/HOU/ECT on 05/07/2001
01:50 PM ---------------------------
From: Genia FitzGerald on 05/01/2001 03:27 PM
To: Marcus Nettelton/NA/Enron@ENRON
cc: Melissa Ann Murphy/HOU/ECT@ECT
Subject: New language needed for Nepool trades

Marcus,

Will you be looking at this or shall I assign to someone else?

Thanks,
Genia
----- Forwarded by Genia FitzGerald/HOU/ECT on 05/01/2001 03:25 PM -----

Melissa Ann Murphy
05/01/2001 10:47 AM

To: Genia FitzGerald/HOU/ECT@ECT
cc: Marcus Nettelton/NA/Enron@ENRON
Subject: New language needed for Nepool trades

Hello, Dana Davis (Vice President of trading) just informed me of some new
language that needs to be added to our confirmation letters for deals done at
NEPOOL PTF (this is the delivery point). The language he gave me is as
follows:

In the event that multi settlement is implemented then NEPOOL PTF becomes
seller's choice. (I am sure this needs to be worded differently)

I told Dana that I would have to run this language through one of the
attorneys. He said they could call him and he would explain further.

He also wants this language added to the NEPOOL PTF product on Enron Online
(this would not be for NEPOOL ICAP deals, installed capacity).

I copied Marcus on this e-mail but I am not certain if he would be the
correct person to work on this or not. Dana would like to start adding this
language as soon as possible.

Thanks,
Melissa
3-1886