Review of Jordan Capacity and Energy Agreement Revised Draft 9/6/00

Please hang on to this for future reference.

Thanks,

Kay
---------------------- Forwarded by Kay Mann/Corp/Enron on 09/07/2000 01:37
PM ---------------------------

Chris Herron
09/07/2000 01:36 PM
To: Kay Mann/Corp/Enron@Enron, Ozzie Pagan/HOU/ECT@ECT, Heather
Kroll/HOU/ECT@ECT
cc: Lisa Bills/Corp/Enron@ENRON

Subject: Review of Jordan Capacity and Energy Agreement Revised Draft 9/6/00

All:

Below are Lisa Bills' and my comments on the Capacity and Energy Agreement
Revised Draft 9/6/00. Please call me if you would like me to clarify or
expand upon any of our points. There may be points that Lisa Bills can
address more thoroughly than I can. I will seek her input on any question or
concern you may voice.

Chris Herron

Article 1.1 Consistent use of quotation marks: Commercial Operation Date;
Deliver; Delivered; Dispatch Order.

Article 1.1 "Facility Substation": Do rights to access this meter by Seller
need to be stated, or does Article 8.3 give the Seller rights to the data
generated by the meter?

Article 2.2/3 Commencement Date and Commercial Operation Date are different.

Article 2.3 (b) (i) Seller commencing construction of the Facility on or
before December 31, 2000 will render the off-balance sheet treatment of the
turbines provided by Turbo Park void.

Article 3.4 © Third sentence: misspelling of schedule.

Article 3.4 © (i) Close parenthesis needed after "... with Section 8.3."

Article 4.2 Monthly is capitalized, but is not defined in Articles 1.1 and
8.1.

Article 5.1 (b) Reference should be to Buyer not Virginia Power.

Article 12 Does this article allow to disclose the terms of the Agreement
and/or relevant facts about the Facility to prospective purchases of either
the Agreement or Facility?

General Use of day versus Day versus Business Day. See Articles 2.1, 2.3
(b), 3.4 (d), 3.4 (g), 4.7, 7.1 (a), etc., for examples.

General Use of convention to spell numbers immediately followed by the
numerals. See Articles 1.1, 2.1, 3.4 (e), 4.6, 14.2, etc., for examples.