Online Approvals- Australian Power

---------------------- Forwarded by Tana Jones/HOU/ECT on 03/16/2000 05:12 PM
---------------------------

From: Debbie R Brackett
03/16/2000 05:03 PM

To: David Hardy/LON/ECT@ECT, Tana Jones/HOU/ECT@ECT
cc: David Weekes/LON/ECT@ECT, Sheri Thomas/HOU/ECT@ECT, David
Forster/HOU/ECT@ECT, Alan Aronowitz/HOU/ECT@ECT
Subject: Online Approvals- Australian Power

The attached spreadsheet contains the Online counterparties with execute IDs
that Credit has tentatively approved for Autralian power trading, pending the
confirmation of the European counterparties by our London credit group.

This approval is contingent on the confirmation by our Australian counsel of
the "specific criteria" which regulates with whom we can trade and the
proper forms of GTC and confirmation.