Panda

Hi.

Please let me know how you would like to proceed.

Kay

---------------------- Forwarded by Kay Mann/Corp/Enron on 02/28/2001 10:59
AM ---------------------------

Fred Mitro@ECT
02/28/2001 09:17 AM
To: Kay Mann/Corp/Enron@Enron
cc: Stephen Thome/HOU/ECT@ECT, Ben Jacoby/HOU/ECT@ECT

Subject: Panda

Kay:

Relative to the Panda deal,

1. What feedback have you received on the Portland legal question?

2. What is the status of the GE breakout contract for the LV units? Panda
has asked (twice) for this and I would like to give them a timeline for its
delivery. We will need a day or two to redact the sensitive commercial data
before delivery to Panda.

3. I will call Panda this morning and float the $250K exclusivity fee
concept.

4. Will the draft Letter Agreement be available today? I have told Panda
that this document would come first with the Facility Agreement and LLC
Agreement to follow.

5. Stephen Thome is scheduled to be in Houston this afternoon. I will bring
him up to speed.

Let me know on 1,2, and 4 above.

Thanks,
Fred