Meeting - Friday December 8

Please add to our list of topics for Wednesday's meeting.

Thx,
ry

---------------------- Forwarded by Randy Young/NA/Enron on 12/11/2000 11:4=
7=20
AM ---------------------------

Denise Almoina@ENRON_DEVELOPMENT
12/10/2000 03:32 PM
To: Randy Young/NA/Enron@ENRON
cc: Peter E Weidler/NA/Enron@Enron, Bruce=20
Lundstrom/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Miguel.Mendoza@enron.com=20

Subject: Meeting - Friday December 8

Randy:

Per our meeting on Friday, you asked me to summarize what we discussed so=
=20
that you can address these issues with Mark Haedicke:

1. I recently changed the standard ECB slate of directors of the Caycos=20
directly owned by Enron Caribbean Basin LLC, to reflect the standard ESA=20
slate of directors. These Caycos all relate to projects or assets in=20
Colombia and Venezuela. =20

2. Early this week Nancy Muchmore mentioned that the new slate of directors=
=20
would be put into place: Kishkill, Wiggs, Gonzalez (replacing Bannantine an=
d=20
Christodoulou), Derrick and Walls. Today=01,s email from David Delainey sta=
tes=20
that Enron Global Assets =01) South America will work in close coordination=
with=20
Enron Americas. However with these recent re-organization announcements,=20
would this new slate that Nancy mentioned, apply to the Enron Global Assets=
=01)=20
South America group? Perhaps, upper management should consider naming some=
=20
key individual(s) in the South America Assets group to the slate. I believ=
e=20
that we should keep it simply with one standard slate in place (in case we=
=20
reorganize again), but adding at least some one from the assets side. =20

3. I was about to move the mentioned Caycos directly owned by Enron Caribbe=
an=20
Basin LLC under Enron South America LLC when the new re-organization was=20
announced. I will need a directive from Legal as well as from Tax where to=
=20
move these entities. =20

4. Also, there is a list of Caycos (set up for bid purposes in Colombia and=
=20
Venezuela) that management has reviewed and approved to be dissolved. I pl=
an=20
to provide that list to Tax for their review and approval. =20

5. Another point to address is the standard slate of directors/officers of=
=20
those Delaware entities (that have operations in Latin America) which have=
=20
Haug, Cumberland, Castagnola and Sayre named as Directors/Officers. A=20
decision has to be made who are going to replace these individuals. =20

I await your instructions.

Denise
_______________________________
Denise G. Almo?na
Manager, Contracts & Compliance
Generation & Pipeline Assets
Enron Global Assets - South America
333 Clay Street, Suite 1459
Houston, Texas 77002-7361
Tel. No. : 713-646-8688
Fax No.: 713-646-7001 or 7088