Response to FERC: EOL

Attached are the responses to the questions of FERC staff about EOL resulting
from their visit earlier this month. I have used the revisions from Louise
and incorporated comments from Bob Butts about the value at risk discussion.
Mark Haedicke has reviewed this draft. I would like to send these to Kim
Bruno at FERC later today.

An additional FYI. Connie Lausten of the U.S. House Government Reform
Committee made a request to Enron's DC office to see the trading floor
operations in addition to holding a discussion about Enron Online. She is to
meet with Dave Forster and Mark Taylor on Friday, July 13th at 9am. John
Shelk from our DC office told me when people on the Hill say "Enron OnLine"
they mean not only the online trading platform itself, but the broader
subject of financial products and energy trading, whether online or
otherwise. John said that the interest coming from the Hill is broader than
the platform alone and reflects in many ways a lack of understanding of the
benefits of what we do in this area. We will be coordinating this with the
DC office.

Please call me with any comments at 37007.