Re: Enovate

Clement:

Attached to the e-mail I am forwarding you will find the Enron Guaranty
Agreement that was forwarded to Altrade. Could you review the comments of
Altrade and respond. Also, I presume that Enron has provided a Guaranty to
Altrade for ENA's business. You may well wish to use that as a starting
point.

Thanks,

Jeff

----- Forwarded by Jeffrey T Hodge/HOU/ECT on 01/24/2001 08:48 AM -----

Rudwell Johnson@ENRON
01/18/2001 10:04 AM

To: Jeffrey T Hodge/HOU/ECT@ECT
cc: Gregg Penman/Corp/Enron@Enron
Subject: Re: Enovate

I recently received Altrade's comments to the joint guarantee from Enron and
Peoples on behalf of Enovate.
I would appreciate it if you can review the comments, so that we can provide
them with some feedback.

Thanks
Rudwell
ex 53596

Lorie Georgeson <LGeorgeson@altra.com< on 01/17/2001 05:28:09 PM
To: "'Rudwell.Johnson@enron.com'" <Rudwell.Johnson@enron.com<
cc:

Subject: Enovate

<<Enron Guaranty Blackline Dec 27 to Original.doc<< <<Peoples Guaranty
Blackline Dec 27 to Original.doc<<

Here is the blacklined versions of the guaranty's, as promised

Regards,

Lorie J. Georgeson
Altrade Transaction, L.L.C. - Altrade Canada Inc.
Suite 1950, 801 - 6th Ave. S.W.
Calgary, Alberta
T2P 3W2
Phone: (403) 231-6238 Fax: (403) 290-0060
Email: lgeorgeson@altra.com
Website: www.altra.com

- Enron Guaranty Blackline Dec 27 to Original.doc
- Peoples Guaranty Blackline Dec 27 to Original.doc