Update of Counterparty Lists

---------------------- Forwarded by Tana Jones/HOU/ECT on 10/07/99 10:33 AM
---------------------------

Enron North America Corp.

From: Tana Jones 10/07/99 10:10 AM

To: Alan Aronowitz/HOU/ECT@ECT, Barton Clark/HOU/ECT@ECT, Harry M
Collins/HOU/ECT@ECT, Stacy E Dickson/HOU/ECT@ECT, Wayne Gresham/HOU/ECT@ECT,
Jeffrey T Hodge/HOU/ECT@ECT, Elizabeth Sager/HOU/ECT@ECT, Janice R
Moore/HOU/ECT@ECT, Mark E Taylor/HOU/ECT@ECT, Leslie Hansen/HOU/ECT@ECT
cc: Louise Kitchen/LON/ECT@ECT, David Forster/LON/ECT@ECT, Frank L
Davis/HOU/ECT@ECT
Subject: Update of Counterparty Lists

To the trading lawyers working on counterparty lists:

Per the email below from Louise, the current target date for completion of
counterparty lists appears to be Tuesday, October 12. As noted below, an
additional list of approved counterparties should be provided to us tomorrow.

FYI, per my conversations w/Frank Davis, the first simulation occurred this
week, and an additional simulation is scheduled for next week.
---------------------- Forwarded by Tana Jones/HOU/ECT on 10/07/99 09:54 AM
---------------------------

Louise Kitchen
10/06/99 02:46 PM
To: Mark E Taylor/HOU/ECT@ECT, Tana Jones/HOU/ECT@ECT
cc: Debbie R Brackett/HOU/ECT@ECT, William S Bradford/HOU/ECT@ECT, David
Port/LON/ECT@ECT, Bob Shults/HOU/ECT@ECT, David Forster/LON/ECT@ECT
Subject: Customer Data

On Friday we will be receiving the remaining customer list from credit, due
to the timescales I am asking for turnaround on the customer matrix and
master agreement review by the end of play Tuesday 12th October.

Any problems with this please notify me immediately as we are now running up
against very tight deadlines in terms of getting all of the information in
the system for the launch schedule.

Thanks

Louise

Mark,
On another note we are requesting a review of the blanket decision which has
been made to prevent any regulated utility from completing any financial
transactions, if we are not prepared to do the due diligence on which ones
can transact and which ones can not - is this our responsibility or theirs?
ie their decision whether to trade or not.
Louise