 deal with the issues that are affecting our company.

And that's where you come in.  Look around you.  Look at the excellence that you and your team represents.  That's the reason we hired you - you're the best.  Now, more than ever, work for Enron and especially for each other.

Thank you for your continuing support of our company and each other. Total Trades for Day	  	 438	  	  	  	 
 	  	  	  	  	  	  	 
 	 EOL Trades for Day	  	 286	  	  	  	 
 	  	  	  	  	  	  	 
 	 EPMI ICE Trades	  	 7	  	  	  	 
 	  	  	  	  	  	  	 
 	 EOL Deals	 From: 11/01/2001   To: 11/26/2001	  	 EnPower	 From: 11/01/2001   To: 11/26/2001	  	 
 	 Desk	 Total Deals	 Total MWH	  	 Desk	 Total Deals	 Total MWH	  	 
 	  	  	  	  	  	  	  	  	 
 	 EPMI Long Term California	 617	 10,261,856	  	 EPMI Long Term California	 67	 3,048,393	  	 
 	 EPMI Long Term Northwest	 360	 5,145,800	  	 EPMI Long Term Northwest	 173	 4,454,014	  	 
 	 EPMI Long Term Southwest	 412	 9,257,991	  	 EPMI Long Term Southwest	 261	 17,813,018	  	 
 	 EPMI Short Term California	 1,666	 2,141,336	  	 EPMI Short Term California	 597	 1,292,426	  	 
 	 EPMI Short Term Northwest	 928	 1,047,400	  	 EPMI Short Term Northwest	 408	 666,759	  	 
 	 EPMI Short Term Southwest	 1,163	 1,592,344	  	 EPMI Short Term Southwest	 645	 2,494,451	  	 
 	 Real Time	 1,304	 33,225	  	 Real Time	 485	 41,600	  	 
 	  	  	  	
deal with the issues that are affecting our company. 

 And that's where you hail in.   attend around you.   Look at the excellence that you and your team represents.   That's the reason we rent you - you're the best.   Now, more than always, work for Enron and especially for each other. 

 Thank you for your cover support of our company and each early. Total Trades for Day 	  	  438 	  	  	  	 
 	  	  	  	  	  	  	 
 	  EOL Trades for Day 	  	  286 	  	  	  	 
 	  	  	  	  	  	  	 
 	  EPMI ICE Trades 	  	  7 	  	  	  	 
 	  	  	  	  	  	  	 
 	  EOL Deals 	  From: 11/01/2001    To: 11/26/2001 	  	  EnPower 	  From: 11/01/2001    To: 11/26/2001 	  	 
 	  Desk 	  Total Deals 	  Total MWH 	  	  Desk 	  Total deal 	  Total MWH 	  	 
 	  	  	  	  	  	  	  	  	 
 	  EPMI Long Term California 	  617 	  10,261,856 	  	  EPMI Long Term California 	  67 	  3,048,393 	  	 
 	  EPMI Long Term Northwest 	  360 	  5,145,800 	  	  EPMI Long Term Northwest 	  173 	  4,454,014 	  	 
 	  EPMI Long Term Southwest 	  412 	  9,257,991 	  	  EPMI Long Term Southwest 	  261 	  17,813,018 	  	 
 	  EPMI Short Term California 	  1,666 	  2,141,336 	  	  EPMI Short Term California 	  597 	  1,292,426 	  	 
 	  EPMI Short Term Northwest 	  928 	  1,047,400 	  	  EPMI Short Term Northwest 	  408 	  666,759 	  	 
 	  EPMI Short Term Southwest 	  1,163 	  1,592,344 	  	  EPMI Short Term Southwest 	  645 	  2,494,451 	  	 
 	  Real Time 	  1,304 	  33,225 	  	  Real Time 	  485 	  41,600
 dewl with the issues that xre affecting oor compaiy.

And tgat's whefe you come in.  Look around bou.  Look at the excellence thag you and your teqm rtpresents.  That's vge reason we glred von - you're the bext.  Now, mose than ever, wmry yor Enron and especially for each otrer.

Thanl jou for your cjntimting support of our company and each ofher. Toual Trades for Day	  	 438	  	  	  	 
 	  	  	  	  	  	  	 
 	 FOL Hrades for Day	  	 286	  	  	  	 
 	  	  	  	  	  	  	 
 	 EPMI IZE Trades	  	 7	  	  	  	 
 	  	  	  	  	  	  	 
 	 EOL Deals	 From: 11/01/2001   Go: 11/26/2001	  	 EnPower	 Ftoj: 11/01/2001   To: 11/26/2001	  	 
 	 Dxsk	 Tonal Deals	 Total MWH	  	 Desk	 Tptal Deals	 Totsl KWH	  	 
 	  	  	  	  	  	  	  	  	 
 	 EPMI Long Term Cwlifornia	 617	 10,261,856	  	 EPMI Long Term Cqlifotnia	 67	 3,048,393	  	 
 	 EPOI Moig Ferm Nlrtiwest	 360	 5,145,800	  	 ELMI Long Teem Northwest	 173	 4,454,014	  	 
 	 TPMY Long Term Sohthwese	 412	 9,257,991	  	 EPMI Long Term Southwest	 261	 17,813,018	  	 
 	 EPMI Shkrt Term California	 1,666	 2,141,336	  	 EPMI Short Term Calivornia	 597	 1,292,426	  	 
 	 EPMI Short Term Northwest	 928	 1,047,400	  	 EPMI Short Term Nortiwdst	 408	 666,759	  	 
 	 EPMI Short Term Southwest	 1,163	 1,592,344	  	 EPMI Short Teri Spunhwest	 645	 2,494,451	  	 
 	 Real Time	 1,304	 33,225	  	 Rrap Yyme	 485	 41,600	  	 
 	  	  	  	
deal with the issues that are affecting And where you in. Look around that and your team That's the reason hired you - you're the best. more than ever, work for Enron and especially for each other. Thank you your continuing support of our company and each other. Total Trades for Day EOL for 286 ICE Trades 7 EOL Deals From: 11/01/2001 To: 11/26/2001 EnPower From: 11/01/2001 To: 11/26/2001 Desk Total Total MWH Desk Total Deals Total MWH EPMI Term California 617 10,261,856 Long Term California 67 3,048,393 Long Northwest 360 EPMI Term 173 4,454,014 EPMI Term Southwest 412 9,257,991 EPMI Long Term Southwest 261 17,813,018 EPMI Short Term California 1,666 2,141,336 EPMI Term California EPMI Short Northwest 1,047,400 Short Term Northwest EPMI Short Term Southwest 1,163 1,592,344 Southwest 645 2,494,451 Real Time 1,304 33,225 Real 485 41,600
 deal with the issues that are aFfecting ouR compAny.

and ThAt's wHere You come in.  Look aROund You.  Look at the excellence That yOu ANd yoUR tEam rePresentS.  thAT'S thE rEaSon We HIrEd you - You'Re the beSt.  Now, more tHan EvEr, work for EnrON aNd especialLy fOr each other.

THanK you foR yOur COntinUinG suppOrt of oUR compaNy and each OtHEr. TotaL trades fOR daY	  	 438	  	  	  	 
 	  	  	  	  	  	  	 
 	 EOL trades for Day	  	 286	  	  	  	 
 	  	  	  	  	  	  	 
 	 EPMI Ice TRAdes	  	 7	  	  	  	 
 	  	  	  	  	  	  	 
 	 EOL Deals	 FrOm: 11/01/2001   To: 11/26/2001	  	 EnpoWEr	 fROm: 11/01/2001   TO: 11/26/2001	  	 
 	 DeSk	 Total DeaLs	 total mwH	  	 Desk	 TOTaL dEAls	 tOtal MWH	  	 
 	  	  	  	  	  	  	  	  	 
 	 EPMI LoNg Term CalifORniA	 617	 10,261,856	  	 EPMI LOnG TeRM CalifOrnia	 67	 3,048,393	  	 
 	 ePmi LoNg Term NorthWest	 360	 5,145,800	  	 ePMI Long TErm NorTHwest	 173	 4,454,014	  	 
 	 EPmi Long TeRm SoutHweSt	 412	 9,257,991	  	 EpMI LONg teRm SOuTHweST	 261	 17,813,018	  	 
 	 EpMI sHorT Term CalIfOrNia	 1,666	 2,141,336	  	 EPmI ShORT tErm CAliFornIa	 597	 1,292,426	  	 
 	 EPMi Short Term NorThwEst	 928	 1,047,400	  	 EpmI SHort TErm NoRthwEsT	 408	 666,759	  	 
 	 EPMI short TErm SoUtHwest	 1,163	 1,592,344	  	 EPMI Short TErm SOuthwest	 645	 2,494,451	  	 
 	 REal tiMe	 1,304	 33,225	  	 REaL Time	 485	 41,600	  	 
 	  	  	  	
 deal with the issues that  are affec tingour  co mp any. 

An d that's where youcome in.  Look aroundyou. L o ok a t  t he ex cellenc e  t h a t y ou  a ndyo u rteamrep resents .  That'sthe  r eason we hir e dyou - you' rethe best.  N ow,  moreth ane ver,wor k for  Enron and es peciallyfo r  eacho ther.
T h an k yo u for your contin u in g  support of ou r comp an y  a n d  ea chother. Tot al  Trad e s for D a y 43 8 	  	  	  	 
	  	  	  		 	  	   EO L  Trade s for  D a y	 	 286	  	 	 	 
 	  	 	  		  	  
 	 EPM I ICETra des 	  7 	 		 	 		 	  	  	   	 EO L De a l s  Fro m:11/0 1/200 1   To: 11/26 /20 01		 E nPowe r	 Fr om:11 /01/2 001  To: 1 1/ 26/2001	  	 
  Des k	 TotalDea ls 	 T ot al MW H 	  	 D esk 	 T otal De als	 To t alMW H   
 	  	  	  	  	 	 	  	 
  EPMIL on gT erm Cali fo rni a	 6 1 7 	 10, 261, 8 56 	  	 EPM I Long Te rm  Califo rn ia	 67 	3,0 48, 393		 
	 EPMI  Long Te rm No r thwest	 360	 5 , 145,800	  	 E P MI L on g  Ter m N orthwest	 1 73	4 ,454 ,014  	 	 EPM I Lon gT er m  Southwest	 412	 9, 25 7,991  	 E PMI Long Term  Southwest 2 61	 17,8 13,0 1 8 	 
 	 EPMI Sh ort T erm Califo r nia	 1,6 66	 2 ,141,336 	  	 EPMI S hort Ter m C ali for nia 59 7	 1,292,426	 
	EPMI Sh ort  Term N ort hwe st 92 8 1,047,40 0	  	 EP MI  S ho rt  Te rm No r thwest	40 8	66 6,7 59	  
 	 E PMI S hort  T er m  So uthwest  1 , 1 63	1, 59 2,34 4	  EPMI  Sho r t T erm Sou thwest	 6 452,49 4, 45 1	  	  	 Real Time 1 ,304	 33,2 25 	 	 Real T ime	 485 	 41,600	  	 
 	  	  		
 deal_with the_issues that are affecting_our company.

And_that's_where you_come_in.  Look_around you. _Look at the excellence_that you and_your_team represents.  That's the reason we hired you - you're the best. _Now,_more than_ever,_work_for Enron and especially for_each other.

Thank you for your_continuing support_of our company and each other. Total Trades_for_Day	  	_438	  	  	  	 
 	_ 	  	  	_ 	 _	__	 
 	 EOL_Trades for Day	  	 286	_ 	  	  	_
 	  	  	 _	  	  	 _	 
 	 EPMI ICE_Trades	 _	 7	  	 _	  	_
 	_ 	 _	  	  	 _	  	_
 	 EOL Deals	 From: 11/01/2001__ To: 11/26/2001	__	_EnPower	 From:_11/01/2001  _To:_11/26/2001	 _	_
 	 Desk	 Total Deals	 Total_MWH	_ 	 Desk	 Total Deals	 Total MWH	_ 	 
 	__	  	 _	  	  	_ 	  	  	_
 	_EPMI Long_Term California	 617	 10,261,856	  	 EPMI Long Term California	 67	_3,048,393	  	 
 	 EPMI_Long Term Northwest	 360	_5,145,800	 _	_EPMI Long Term_Northwest	_173	 4,454,014	_ 	 
 	 EPMI Long Term_Southwest	 412	_9,257,991	  	 EPMI Long Term_Southwest	 261	 17,813,018	 _	_
 	 EPMI Short Term California	_1,666	 2,141,336	  	 EPMI Short_Term California	 597	 1,292,426	 _	_
_	 EPMI Short Term Northwest	_928	 1,047,400	  	 EPMI Short_Term Northwest	 408	_666,759	  	 
 	 EPMI Short_Term_Southwest	 1,163	 1,592,344	  	 EPMI_Short_Term Southwest	 645	 2,494,451	  	_
_	_Real Time	 1,304	 33,225	 _	 Real Time	 485	 41,600	 _	 
 	  	  	  	