Hi Jeff,

I guess this answers the question of whether the policy has been adopted.

I'm at home this am, as I'm on my way to MD Anderson to donate blood for a
friend's son who has leukemia. I don't think it will take too long, but they
don't open until 930.

Kay
---------------------- Forwarded by Kay Mann/Corp/Enron on 10/24/2000 08:20
AM ---------------------------
From: Gregg Penman on 10/23/2000 12:12 PM
To: Kay Mann/Corp/Enron@Enron
cc:

Subject: enovate Risk Policy

Kay - Can you please review this additional language to the risk management
policy ( or circulate to Jeff Hodge)? In light of the CA regarding curves, I
am slightly concerned with a blanket statement essentially giving Peoples
unlimited access to information. I know that we address audit rights in the
LLC agreement so this may not matter anyway if this is a right they already
have. Let me know what you think.

Thanks,

Gregg
----- Forwarded by Gregg Penman/Corp/Enron on 10/23/2000 12:07 PM -----

m.nordstrom@pecorp.com
10/20/2000 11:32 AM

To: p.burgener@pecorp.com, Vladimir.Gorny@enron.com, Gregg.Penman@enron.com
cc:
Subject: enovate Risk Policy


Attached please find the latest enovate risk policy. Our attorneys and
internal audit area have made one language revision concerning Section XIII
Audit Rights.

Mary <<MEH-risk Oct 20<<


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- MEH-risk Oct 20.doc