EnergyOne

Brant,
EnergyOne has responded to the requested changes. They agree to the
revision of the MAC language but threw in a money wrench by adding a warm and
fuzzy triggering event if a party refused to provide security within 48
hours of a reasonable request therefore. No standard is provided as to the
reason for the request. They also deleted the original Collateral
Threshold language which was in their first draft. Please respond to these
matters to me and to Sylvia Pollan.
----- Forwarded by Dan J Hyvl/HOU/ECT on 05/21/2001 09:47 AM -----

Dan J Hyvl
05/21/2001 08:59 AM

To: Sylvia S Pollan/Enron@EnronXGate
cc:
Subject: EnergyOne

Attached is a memo of the major items in their comments to our requested
changes. Let me know when you are ready to discuss.