ComEd PPA - Plano

---------------------- Forwarded by Kay Mann/Corp/Enron on 08/29/2000 11:16
AM ---------------------------

Fred Mitro@ECT
08/28/2000 11:06 AM
To: Scott Healy/HOU/ECT@ECT, Rusty Stevens/Corp/Enron@ENRON, Gregg
Penman/HOU/ECT@ECT, Kay Mann/Corp/Enron@Enron
cc: Ben Jacoby/HOU/ECT@ECT

Subject: ComEd PPA - Plano

Attached is the latest version of the draft term sheet sent out last Friday.
It incorporates the comments of Greg Penmann. I have also filled in some of
the blanks on the following issues:
1. Delay LD ($ amounts and caps)
2. Availability %'s, penalties & bonuses ($ amounts and caps)
3. ComEd schedule change limitations
4. Project Update section - removal of Event of Default language
5. Early completion bonus ($ amount and cap)

Please review this ComEd term sheet and forward me any additional comments.

I am forwarding a copy of this term sheet to Kay Mann for her review. I left
her a voicemail letting her know that this term sheet format was developed
earlier this year with legal input from Stuart Zisman.

I would like to be a position to send this term sheet to ComEd sometime
tomorrow (8/29).

This document should also serve as a template for the term sheet which I will
be preparing to send to the wholesale energy group at Wisconsin Electric
regarding a PPA from the Plano site. I would like to have that document
ready by Wednesday-Thursday of this week. I will send you the first version
of this WEPCO document either later today or tomorrow morning.

Call/see me to discuss any of this information.

Fred