Re: Draft CA for curves

I'll get the draft working, but it would probably be a good idea to discuss
this a bit.

Kay

From: Gregg Penman on 10/23/2000 10:28 AM
To: Kay Mann/Corp/Enron@Enron
cc:

Subject: Draft CA for curves

Kay - We have previously discussed the idea of a CA to specifically cover the
curves. We need to put this at the top of the list for this week. Can you
prepare a CA for the distribution of enovate curves to specific individuals
at Peoples? I would like it to read as follows:
Basis and Index curves will be provided daily for all points at which enovate
has a position, whether hedged or open, to specific individuals employed in
the risk management area. (Individuals should be named on a schedule).
Curves are being provided for the express purpose of independent risk
analysis of the enovate portfolio by Peoples Risk Management personnel.

In return, the specific individuals will not forward, copy, or otherwise
distribute the curves to any individual not on the approved schedule. No
communications, written or verbal, will be made to any person other than the
enovate GM or the Enron designated enovate risk committee member regarding
any aspect of the curves.

I need some language regarding audit rights, but this should get you
started. Call me to discuss.

Gregg