NJFC

Thanks for the update on status. As Tom and I discussed we've made
revisions to the draft anticipating a deal based on the new price structure
and wanted to circulate this for internal review. The blackline below shows
the changes to the last draft that we sent to the customer. If you have any
comments, please let us know. Assume we will revise the draft as necessary
after your mtg. Good luck! M3

---------------------- Forwarded by Michelle Maynard/HOU/EES on 06/06/2001
04:57 PM ---------------------------

Enron Energy Services

From: Tom Prisk 06/06/2001 03:51 PM
Phone No: Office 713-853-5990
Pager 888-526-6207

To: Michelle Maynard/HOU/EES@EES
cc:
Subject: NJFC

Wanted to update you on the timing and status. We (Greg, Mark and I) will be
meeting with the participants late next week to discuss our deal in person
and answer questions. Looks like we are still talking a wholesale index plus
basis deal with a collar.

They may forward some comments about the contract in general in advance of
our meeting. If so, we will forward to you to discuss prior to the meeting.

TP