Enron Deals for FERC Panel

Steve: Here are the deals and offers. The desk is concerned about two
things:

1) that we not make the specific of the deals/offers public. They're fine
with general statements like "the offers are below the price cap."

2) they have good relationships with the IOUs and the munis and are starting
to do a lot of deal; as such, they expressed concern about any comments that
might agitate them and make them disinclined to transact with us (sound
familiar)?

If there's anything else you need, for if you have any questions about this
material. Don't hesitate.

Good luck.

Best,
Jeff