Commodity Logic Issues

Mark:

I'm finalizing my comments and will forward to you by the end of the week so
that you will have them when you return on Monday.

I attended the NetWorks staff meeting this afternoon and wanted to apprise
you of a comment made by Louise Kitchen. Louise is concerned that the
Commodity Logic legal documentation will require a revamping of the
EnronOnline system to some extent. She noted that at least in Europe, we
have contractually obligated ourselves to sending a hard-copy of the on-line
GTC with transaction confirmations and that the Confirm Central module will
not comply with this requirement. I'm not familiar with this issue insofar
as it relates to European counterparties. I think you should discuss this
issue with Justin Boyd to get a better understanding. However, I know that
in the US we have not contractually obligated any Enron entity to a specific
form of confirmation.

I think we should meet to discuss this issue after you have had a
conversation with Justin Boyd and then should set up a time to discuss the
issue further with Louise.

Let me know what you think.

Leslie