Letter of Intent

Hi Steve,

Here's what NJR received.

Kay
---------------------- Forwarded by Kay Mann/Corp/Enron on 02/14/2001 09:29
AM ---------------------------

Kay Mann
02/09/2001 03:58 PM
To: lmdownes@njresources.com, kamoss@njng.com, gclockwood@njresources.com,
tkononowitz@njng.com
cc: Steve Montovano/NA/Enron@Enron, Jeffery Ader/HOU/ECT@ECT, Heather
Kroll/HOU/ECT@ECT

Subject: Letter of Intent

Gentlemen,

Attached for your review is a draft of the letter of intent.

Please let me know if you have any difficulty opening this document.

Kay