Transaction Description

From: william.gang@enron.com

To: john.lemacks@edex.edwards.af.mil

Subject: Transaction Description

Cc: mike.keeling@edex.edwards.af.mil, jeff.dasovich@enron.com,robert.frank@enron.com

Bcc: mike.keeling@edex.edwards.af.mil, jeff.dasovich@enron.com,robert.frank@enron.com

Date: Fri, 17 Dec 1999 09:22:00 -0800 (PST)

Here is our draft of the transaction description for the privatization of the
electrical distribution system at Edwards AFB. Please edit to ensure that
the description matches what Edwards intends to do and email to me. We will
use your edited version to characterize the transaction to the CPUC.

Thanks,
Bill Gang