Letter of Intent

---------------------- Forwarded by Kay Mann/Corp/Enron on 03/28/2001 11:54
AM ---------------------------
From: Reagan Rorschach/ENRON@enronXgate on 03/20/2001 02:45 PM
To: "Robert Priest (E-mail)" <priest@yazoopsc.org<@SMTP@enronXgate, "Marvin
Carroway (E-mail)" <mcarroway@watervalley.net<@SMTP@enronXgate, "Marvin
Carroway (E-mail 2)" <cpuadmin@clarksdale.com<@SMTP@enronXgate
cc: Kay Mann/Corp/Enron@Enron, David Fairley/ENRON@enronXgate, Christi L
Nicolay/HOU/ECT@ECT, Ozzie Pagan/ENRON@enronXgate, Lloyd Will/HOU/ECT@ECT

Subject: Letter of Intent

Marvin and Bob,

Attached is the most recent version of the LOI. This version includes
revisions resulting from conversations between David Hunt and Kay Mann. The
Beck comments are also included.

David Fairley and I will call to follow-up. In the meantime, feel free to
call with any questions.

Thank you,

Reagan Rorschach
713.345.3363