Intergen Letter Agreements

First installment of finance comments.
---------------------- Forwarded by Kay Mann/Corp/Enron on 12/20/2000 07:55
PM ---------------------------

Lisa Bills
12/20/2000 07:14 PM
To: Kay Mann/Corp/Enron@Enron, Fred Mitro/HOU/ECT@ECT
cc:

Subject: Intergen Letter Agreements

I have reviewed the Transformer and Turbine Letter Agreements I received
today.

Transformer Letter

2(a) & 3(e): why is there usage of "ABB et al." when ABB is defined? Also,
the "certain agreement" referred to in both sections is NOT between ENA and
ABB. It's now between E-Next Generation LLC as purchaser, ENA as agent for
purchaser, and ABB, as amended.

3(a): have two sets of "(i), (ii)" in para. It's also unclear what this
para actually says.

4: definition of "Term" should go after (b) no?

Turbine Letter

3(a): Para is clearer than in Transformer but still difficult to understand.

3(f): Don't understand this para. and what happens with the final payment
due to GE.

3(g): the "certain agreement" is not between GE and ENA. See first comment
under Transformer Letter. There is also the usage of "et al." after GE.

4: same comment as in Transformer Letter.

I haven't had a chance to review the LLC Agreement yet.

Lisa