Enron Wholesale Markets Quarterly Legal Review

The volume and complexity of our legal work has increased dramatically over
the past few years. I think this environment requires additional time to be
devoted to legal planning and review in order to provide the best possible
service to our clients. Within the next month, I have asked Janette to
schedule a Quarterly Legal Review for each group listed on our new
organizational chart . I would envision that we would focus on the
following:

review of the current monthly legal report and significant legal issues
review of the top ten legal risks
form contracts and other documentation projects
legal budget
legal resources, inside and outside
performance metrics

In addition, I am proposing that any energy trading contract for a term
longer than one year by initialled by an AGC or member of the OGC. Let me
know what you think about that.

Mark Haedicke