F/U re European power trading by U.S. counterparties

---------------------- Forwarded by Tana Jones/HOU/ECT on 12/20/99 12:52 PM
---------------------------

Leslie Hansen
12/20/99 11:15 AM
To: Frank L Davis/HOU/ECT@ECT, David Forster/LON/ECT@ECT, Bob
Shults/HOU/ECT@ECT
cc: Edmund Cooper/LON/ECT@ECT, Tana Jones/HOU/ECT@ECT, Elizabeth
Sager/HOU/ECT@ECT
Subject: F/U re European power trading by U.S. counterparties

I have spoken with Edmund Cooper to follow up regarding access to European
power products by U.S. counterparties. Edmund and Justin Boyd have discussed
the issue and determined that they would like to follow an approach similar
to our approach for U.S. power products. U.S. counterparties should be
granted read-only access to European power products. If a specific U.S.
counterparty wants to trade European power products, the request for access
can be examined on a case-by-case basis.

Leslie