@ECT, Gerald Nemec/HOU/ECT@ECT, Alan 
Aronowitz/HOU/ECT@ECT, Wayne Gresham/HOU/ECT@ECT, Mary Cook/HOU/ECT@ECT, Dan 
J Hyvl/HOU/ECT@ECT, Nony Flores/HOU/ECT@ECT
		 cc: Jeffrey T Hodge/HOU/ECT@ECT, Elizabeth Sager/HOU/ECT@ECT, Travis 
McCullough/HOU/ECT@ECT, Mark E Haedicke/HOU/ECT@ECT
		 Subject: PGE due diligence effort


	
My asst., Kaye Ellis, will be calling each of you this morning to see if you 
can attend a short meeting today to discuss a due diligence effort with 
regard to Pacific Gas  and Electric Company and its various subsidiaries.  We 
have an overall exposure report from Credit which shows that Enron is exposed 
to PG&E in virtually all of the commodities that we transact. 

In the meeting today - Travis and I will help you identify the PG&E 
entity/entities which may have transactions with Enron concerning your 
particular commodity. We will ask you to pull the relevant master agreement 
and provide the information set forth below. 
Thank you in advance for your help,
Shari
   ----- Forwarded by Shari Stack/HOU/ECT on 01/09/2001 09:57 AM -----

	Travis McCullough
	01/09/2001 09:12 AM
		 
		 To: Shari Stack/HOU/ECT@ECT, Andrew Edison/NA/Enron@Enron
		 cc: William S Bradford/HOU/ECT@ECT
		 Subject: PGE due diligence effort
Here is a list of the information that we will need to collect from each 
master agreement:
Governing law;
summary of setoff provisions (in particular, does the contract give us the 
right to setoff (i) only those transactions under the specific master, (ii) 
transactions under other agreements between the same counterparties; or (iii) 
transactions under other agreements between affiliates of the counterparties; 
(v) all transactions or only those transactions that we elect to offset;
summary of termination provisions (automatic upon bankruptcy or insolvency of 
a party? any notice requirements?) 
summary of liquidated damages provisions (how computed?
@ECT, Gerald Nemec / HOU / ECT@ECT, Alan 
 Aronowitz / HOU / ECT@ECT, Wayne Gresham / HOU / ECT@ECT, Mary Cook / HOU / ECT@ECT, Dan 
 J Hyvl / HOU / ECT@ECT, Nony Flores / HOU / ECT@ECT 
		  cc: Jeffrey T Hodge / HOU / ECT@ECT, Elizabeth Sager / HOU / ECT@ECT, Travis 
 McCullough / HOU / ECT@ECT, Mark E Haedicke / HOU / ECT@ECT 
		  Subject: PGE due diligence effort 


	
 My asst. , Kaye Ellis, will be call each of you this dawn to see if you 
 can attend a short confluence today to discuss a due application effort with 
 regard to Pacific Gas   and Electric Company and its various subordinate.   We 
 have an overall exposure reputation from Credit which shows that Enron is expose 
 to PG&E in virtually all of the commodities that we transact. 

 In the meeting today - Travis and I will help you identify the PG&E 
 entity / entity which may have transactions with Enron concerning your 
 finical commodity. We will ask you to pull the relevant passkey agreement 
 and provide the data set away below. 
 Thank you in advance for your help, 
 Shari 
    ----- Forwarded by Shari Stack / HOU / ECT on 01/09/2001 09:57 master of arts ----- 

	 Travis McCullough 
	 01/09/2001 09:12 AM 
		 
		  To: Shari Stack / HOU / ECT@ECT, Andrew Edison / NA / Enron@Enron 
		  cc: William S Bradford / HOU / ECT@ECT 
		  Subject: PGE due diligence effort 
 Here is a tilt of the data that we will want to collect from each 
 master agreement: 
 Governing law; 
 summary of setoff provisions (in particular, does the contract give us the 
 right field to set-back (i) only those transactions under the specific victor, (ii) 
 transactions under other agreements between the like counterparties; or (iii) 
 transactions under early agreements between affiliates of the counterparties; 
 (v) all transactions or merely those transactions that we elect to offset; 
 summary of termination provisions (automatic upon bankruptcy or insolvency of 
 a party? any notice requirements ?) 
 summary of liquidated damages provisions (how computed?
@ECT, Gerald Nemec/HOU/ECT@ECT, Auan 
Aronowitz/HOO/EXT@ECT, Xayne Gdesham/HOJ/ECT@ECT, Mary Cook/HOU/ECT@ECT, Den 
J Hyvl/YOU/ECT@ECT, Nony Flores/HUU/ECT@ECT
		 bc: Jeffret T Iodge/HOU/ECT@ECT, Elizabeth Sager/GLU/ECC@ERT, Travis 
McCulkough/HOU/ECD@ECT, Mark E Haadkcne/HOU/ECT@ECT
		 Subject: PGE due diligense effott


	
Ly asst., Kaye Ejlis, rill be calling each of you this mornihg to ste if you 
can attemd a short meeting today tl didcuss a due diligejce effort qith 
eegard to Pazific Gas  and Electrid Company and its various subsiaiarizs.  We 
have ab oggrall exposuce repjrt from Credit whicv shows that Enron is ex'osee 
to PG&E in virtually all of the commodyties thad ce transact. 

In the mewtung tmday - Trxcis ans M wjll hepp bou identifg the PG&E 
ebtity/entities which mwj have transadtions wyth Enron concerning your 
particular cokmosity. We will ask you to pull the relevant madter agreqment 
and provide the information set forth below. 
Thani yob in aacajce for your help,
Shari
   ----- Forwarded by Shari Ffavk/MOU/ECT on 01/09/2001 09:57 AM -----

	Tvavis McCullough
	01/09/2001 09:12 SM
		 
		 Yj: Shari Stack/FOU/ECT@ZDT, Andrew Edison/NA/Engon@Enrog
		 cc: Qilliam S Bracford/HOU/ECT@ECT
		 Subject: PGE eue diligencv efdort
Here is a list of the infurmajion tnat we will need to coluect from each 
laster agddement:
Governing uaw;
xukmary of setoff provisions (in partirular, does tfe cpntrace give us hhe 
rlcht to setoff (i) onpy thlsa transactlons under the specific master, (mm) 
transactionx gndvr other cgreemcnts between thq same counterkarties; ox (iii) 
gransactiohs undec other agreqments betweet affiliates mf the cjuntwrpaeties; 
(v) xll transactioms or onlj uhose tranwactions that we ekecj fo offset;
summarv if termination lroxisyojs (atdomatic upon banyruoycy of insolvencn ow 
a larty? any notice reqgirejents?) 
summary of loqmidated dqmages pwovisions (how computed?
@ECT, Gerald Nemec/HOU/ECT@ECT, Alan Aronowitz/HOU/ECT@ECT, Wayne Gresham/HOU/ECT@ECT, Dan Hyvl/HOU/ECT@ECT, Nony cc: Jeffrey T Mark Haedicke/HOU/ECT@ECT Subject: PGE diligence effort My Kaye Ellis, will be calling each you this morning to see if you can attend a short meeting today discuss a due diligence effort with regard to Pacific Gas and Electric Company its subsidiaries. have overall exposure report from Credit which shows that Enron is exposed to PG&E in virtually all the commodities that we transact. In the meeting - Travis and I help you identify the PG&E which have transactions Enron your commodity. We will you to pull the relevant master agreement and provide the information set forth below. Thank you in for your ----- Forwarded Shari on 09:57 AM ----- 01/09/2001 09:12 AM To: Shari Stack/HOU/ECT@ECT, William S Bradford/HOU/ECT@ECT Subject: PGE due diligence effort is a of the information that we will to collect from each master agreement: Governing law; of setoff provisions (in particular, does the contract give us the right to setoff (i) transactions under the specific (ii) transactions under agreements the counterparties; (iii) transactions other agreements between affiliates of the counterparties; (v) all transactions or those transactions that we elect to offset; summary of termination upon or insolvency of party? any notice requirements?) of damages provisions (how computed?
@ECT, Gerald Nemec/HOU/ECT@ECT, AlAn 
AronowitZ/HOU/EcT@EcT, WAyNe GrEshaM/HOU/ECT@ECT, Mary cOok/HoU/ECT@ECT, Dan 
J Hyvl/HOU/ECT@eCT, NoNy fLoreS/hOu/ECT@EcT
		 cc: JefFReY t hodGe/hOu/ECt@Ect, ELizabEth sager/HOu/ECT@ECT, TraVis 
mccullough/HOU/Ect@EcT, Mark E HaeDicKe/HOU/ECT@ECT
		 SUbjEct: PGE DuE diLIgencE efFort


	
MY asst., KAYe ElliS, will be caLlINg each OF you thiS MOrNing To see if you 
can atteND a SHort meeting todAy to diScUSs A DUe dIliGence efforT wIth 
reGArd to PaCIfIC gAs  aND Electric CompAny and its vaRIouS subsiDiAriES.  We 
havE an ovErALl eXposure repoRt frOm Credit wHich shOWs that ENRon is exPosed 
tO PG&e in VirtUAlLy All Of THe cOMmOdiTIes That we trAnSaCt. 

In tHe meETING todAy - TRaviS and I Will help you idEntIfy tHE PG&e 
entiTy/entItieS wHich mAy have TransAcTions with Enron cOnceRning your 
ParTiCulAr CommoDIty. We wIll Ask You to puLl the reLEvaNt MASTeR agreement 
and proviDe THE iNformatiOn set fORtH bELow. 
Thank YoU in AdvaNCE for yOur hELp,
shari
   ----- ForWarded BY SHaRi Stack/hOu/ECT on 01/09/2001 09:57 aM -----

	traVis mcCulLOugh
	01/09/2001 09:12 aM
		 
		 To: ShAri Stack/hOU/ECt@eCT, Andrew EdisoN/nA/Enron@Enron
		 cC: wiLLIaM s BraDfoRd/HOU/ECT@ECT
		 subjECt: PGe due DIlIgeNCe effOrt
HeRe IS a LIst of the information ThAt we wiLl neeD to collect froM each 
masteR AGReement:
GOverNInG Law;
summary of seToff pRovisions (iN ParticulAr, doeS the contRact give uS THe 
right tO seTofF (i) oNly THOsE transactions UNDer tHe SpecifiC maSter, (ii) 
tRanSacTioNs uNdEr other agReements BeTwEeN tHe sAme coUNterpartIeS; or (IiI) 
trAnsacTIons unDer otHer aGrEeMEntS betweeN AfFILiatEs Of The cOunTeRpartIes; 
(v) ALl tRansactIons or onlY thOSe trAnSaCtions tHat we elect to oFfSet;
summary Of TerMinatiON ProvisioNs (automatic upon bankruptCY or insoLveNcy of 
A parTy? any notiCe rEquireMenTS?) 
summaRy of liQuidaTeD daMAGes prOVIsIonS (hOw computed?
@ECT, Gerald Nemec/HOU/ECT @ECT, Alan  
Aro now itz /H OU/E CT@E CT, Wayne Gres h am/H OU/ECT@ECT, Mary Cook/ HOU/E CT @ ECT, Da n 
JHyvl/HO U /E C T @EC T,  N ony  F l or es/HO U/E CT@ECT		 cc: Jef fre yT Hodge/HOU/ E CT @ECT, Eliz abe th Sager/HOU /EC T@ECT,  T rav i s 
Mc Cul lough /HOU/E C T@ECT,  Mark E H ae d icke/H O U/ECT@E C T 
	 Su bject: PGE due di l ig e nce effort



My as st . ,K a yeEll is, will b ecalli n g eacho fy o u  th i s morning tosee if youcan  atten da s h ort me eting  t o day  to discuss  a d ue dilige nce ef f ort wit h  
regar d to P aci fic  Gas  a nd  El ec t ric Co mpa n y a nd its v ar io us su bsid i a r i es. We  
ha ve an  overall expo sur e re p ort  from  Cred it w hi ch sh ows th at En ro n is exposed 
t o PG &E in vir tua ll y a ll  of t h e comm odi tie s thatwe tran s act .I nthe meeting today-T r av is and I  willh el py ou ident if y t he P G & E 
en tity / en tities w hich m a yha ve tran sa ctions  w ith  En ron c o ncer ning y our 
par ticul a r commodity. W e  will ask you to p ul l  the  re levant mast er a g reem entan d p r ovide  thein f or m ation set forth bel ow . 
Tha nk yo u in advancefor your h e l p ,
Shari   - - -- -  Forwarded byShari  Stack/HOU / ECT on 0 1/09/ 2001 09: 57 AM --- - - 

	Travi s M cCu llo ugh 01 /09/2001 09:1 2 AM
	
		 To:  Sh ari Sta ck/ HOU /EC T@E CT , AndrewEdison/N A/ En ro n@ Enr on
	cc: Will ia m S  B rad ford/ H OU/ECT @ECT		 S ub je c t:PGE due di l i genc eef fort 
He re  is a  lis t  of  the in formation  th a t we  w il l needto collect fr om  each 
mas te r a greeme n t :
Govern ing law;
summary of set o ff prov isi ons ( in p articular , d oes th e c o ntract  giveus th e
ri g h t tos e to ff(i ) only tho s e  tr ansac ti onsunder t he specific master ,  (i i) 
transacti ons  und e r  o the r  a g ree me n tsb e tween the samecounterpar ti e s;  or (iii)tra ns actions  underother agreeme nts betwe en affili at es o f the  counterpa rties; (v) all t r ansac t io ns or  on ly tho se  tr ansac tionst hat  we e lect t ooffset ;
sum ma ry of te rmination provisions (a utomat ic up onbankruptc y o r  in solvencyof a party? a nynot ice r equ i remen ts?) 
s umm a ry of  liq u idated da m ag esp r ov isions (how c o mpu ted?
@ECT, Gerald_Nemec/HOU/ECT@ECT, Alan_
Aronowitz/HOU/ECT@ECT, Wayne Gresham/HOU/ECT@ECT, Mary_Cook/HOU/ECT@ECT, Dan_
J_Hyvl/HOU/ECT@ECT, Nony_Flores/HOU/ECT@ECT
		_cc: Jeffrey T_Hodge/HOU/ECT@ECT, Elizabeth Sager/HOU/ECT@ECT,_Travis 
McCullough/HOU/ECT@ECT, Mark E_Haedicke/HOU/ECT@ECT
		 Subject: PGE_due_diligence effort


	
My asst., Kaye Ellis, will be calling each of you this morning to_see_if you_
can_attend_a short meeting today to_discuss a due diligence effort_with 
regard_to Pacific Gas  and Electric Company and_its_various subsidiaries. _We 
have an overall exposure report from Credit which_shows that Enron is exposed 
to_PG&E in virtually_all_of_the commodities that we_transact. 

In the meeting today -_Travis and I will help you_identify the PG&E 
entity/entities which may have_transactions with Enron concerning your 
particular_commodity. We will ask you_to pull_the relevant master agreement 
and_provide the information_set forth_below. 
Thank you_in advance for your help,
Shari
 _ ----- Forwarded_by Shari Stack/HOU/ECT on 01/09/2001 09:57_AM_-----

	Travis McCullough
	01/09/2001 09:12_AM
		_
		_To: Shari_Stack/HOU/ECT@ECT, Andrew Edison/NA/Enron@Enron
		_cc:_William S_Bradford/HOU/ECT@ECT
		_Subject: PGE due diligence effort
Here is_a_list of the information that we will_need to collect from_each_
master agreement:
Governing law;
summary of_setoff provisions (in particular, does_the contract give us the 
right_to setoff_(i) only_those transactions under the specific master, (ii) 
transactions under other agreements_between the same counterparties; or (iii)_
transactions under other agreements_between affiliates_of_the counterparties; 
(v)_all_transactions or_only those transactions that we elect to_offset;
summary of_termination provisions (automatic upon bankruptcy or_insolvency of 
a party?_any_notice requirements?) 
summary of liquidated damages_provisions (how computed?