Various

Ike, given our schedules, it appears that e-mail may be the most effective
communication tool.

I thought I would just follow up on progress being made in TVA on our
settlement process. As well, I understand that there has been a number of
communications between TVA and Enron on the NoxTech emissions business. I
have encouraged the Enron folks to pursue this opportunity with TVA given the
larger dialogue. The Enron team has told me that TVA wishes to move to firm
pricing and a MOU on this technology. Given the larger dialogue, I have
suggested to our team to hold tight on completing the agreement until both
TVA and Enron have a view on where the overall settlement discussions are
going.

Please give me a call at your earliest convenience.

Regards
Dave Delainey