Re: Valero -- Meter 8018

Ok, it looks like we are going with the no deal situation. I will zero out
the buyback and the sale for the next 2 weeks. Let me know if you want to
handle it differently.
---------------------- Forwarded by Kenneth Seaman/HOU/ECT on 01/21/2000
12:05 PM ---------------------------

Enron North America Corp.

From: Gary W Lamphier 01/21/2000 11:55 AM

To: Kenneth Seaman/HOU/ECT@ECT
cc: Dan J Hyvl/HOU/ECT@ECT, Joanie H Ngo/HOU/ECT@ECT
Subject: Re: Valero -- Meter 8018

I have requested a force majeure letter from Valero and they wanted to know
what exact language should be in this letter. Dan, can you give me some
guidance that I can directly forward to Valero.

Kenneth Seaman 01/21/2000 09:17 AM

To: Gary W Lamphier/HOU/ECT@ECT
cc: Daren J Farmer/HOU/ECT@ECT, Joanie H Ngo/HOU/ECT@ECT
Subject: Valero -- Meter 8018

The plant went down at 0001 hrs this morning. My information is they moved
their turnaround up and will be down for as long as 3 weeks. Please let us
know how the economics should be handled---- buyback, force majure, no deal,
or what.

Thanks
Ken