Hub Agency Agreement

We are very early in the process on this one, so you haven't missed out on
any opportunities!

Kay
---------------------- Forwarded by Kay Mann/Corp/Enron on 06/20/2000 02:23
PM ---------------------------
From: Sheila Tweed@ECT on 06/09/2000 01:31 PM
To: Kay Mann/Corp/Enron@Enron
cc:

Subject: Hub Agency Agreement

----- Forwarded by Sheila Tweed/HOU/ECT on 06/09/2000 01:30 PM -----

"David Tucker" <dtucker@bracepatt.com<
06/09/2000 11:29 AM

To: "W. Cleland Dade" <cdade@bracepatt.com<, <gregg.penman@enron.com<,
<laura.luce@enron.com<, <lstoler@enron.com<, <stweed@enron.com<,
<bjspringer@jonesday.com<
cc:
Subject: Hub Agency Agreement

I attach the new draft of the Agency Agreement I received from Peoples a few
moments ago.

Simon Helfrich called to comment on the credit provisions. The essence of
their proposal is that the LLC acts as a guarantor of all accounts receivable
from parties for whom the LLC has performed the credit check.

I look forward to discussing this draft with you.

Thanks! DT
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From: s.halfin@pecorp.com
To: dtucker@bracepatt.com
Cc: w.morrow@pecorp.com, k.donofrio@pecorp.com, r.delara@pecorp.com,
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Subject: RE: Agency Agreement
Date: Fri, 9 Jun 2000 11:09:35 -0500
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David:

Attached for MEH's review is a redlined draft of the Agency Agreement. All
changes are marked against your draft dated May 24, 2000. Please note that
this Agreement is still subject to further review by Peoples Gas.

Once you and your clients have had a chance to review this draft, please
call me so that we can arrange a meeting to discuss any outstanding issues.

Meanwhile, please call me with any questions.

Simon Halfin
(312) 240-4411

<<Hub.Agreement(v-2).doc<<

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- Hub.Agreement(v-2).doc