I
Rick Buy
0112312001 01:O4PM

To:
cc:
Subject

      Marty SUndeIHOWESS@EES, Dan LeffIHOtJIEES@EES, Wanda Cuny*IOUIEESQEES
      Greg WheNeyIHOUiECT~EcT, Wiliam S BradfordflIOU/ECT. Vicid Sharp/HOUIEES~EES
      Another $40 Muon?

I go away for a day and come back to yet another $40 million of PGE ~posure. I guess the lesson Is to
not go away. Where does this end? This is a painful way to learn about dertvative credit exposure. Please
Infoim all "deal doers" at EES that they better have RAC review their deals (Merouty) In detail before they
sign. Ths Is more out of control than an~,4hIng else we have at Enron.

Rick

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