Re: California credit issues

Thanks. I inferred from John that we may not be able to get or use
information from our own credit people for our market making activities, that
is why he is looking for info in the (reasonably) public domain. mcs

Richard Shapiro@ENRON
21/12/2000 14:24
To: Mark Schroeder/LON/ECT@ECT
cc: Jeff Dasovich/NA/Enron@Enron@ECT, John Sherriff/LON/ECT@ECT, Bryan
Seyfried/LON/ECT@ECT

Subject: Re: California credit issues

Check out WSJ- Page A2. Also,Bill Bradford in Rick buy's group is person
most proficient on credit issues relative to the three calif. utilities. I
will also get back to you this afternoon........The CPUC is scheduled to
issue orders today at 12:00 CST that may dramatically affect credit ratings
of the 3 utilities.

Mark Schroeder@ECT
12/21/2000 08:13 AM
To: Richard Shapiro/NA/Enron@Enron, Jeff Dasovich/NA/Enron@Enron
cc: John Sherriff/LON/ECT@ECT, Bryan Seyfried/LON/ECT@ECT

Subject: California credit issues

Rick/Jeff - I just spoke with John Sherriff and mentioned to him how on top
of California you guys were. As you may be aware, we are making markets in
the credit of many utilities and telcomm companies, via EnronCredit.com.
Brian Seyfried is the commercial leader for this business. John has asked me
to ask you, if you become aware of significant developments, in the public
sector (not privileged/insider information), bearing on
creditworthiness/ability to pay by California utilities, would you please
keep us informed, as we will have a keen interest in these developments?
Please forward to this to any others on your team(s) you think appropriate.
thanks mcs