Northwestern

---------------------- Forwarded by Kay Mann/Corp/Enron on 04/12/2001 04:22
PM ---------------------------

From: Ben F Jacoby @ ECT 04/12/2001 04:20 PM

Sent by: Ben Jacoby@ECT
To: Kay Mann/Corp/Enron@Enron, Chris Booth/NA/Enron@Enron, Herman
Manis/Enron@EnronXGate
cc:

Subject: Northwestern

Folks:

With respect to the Northwestern transaction, I'd like to understand what it
would take in the letter agreement to allow us to recognize the entire $8MM
upon execution of the letter agreement. In my conversation today with Kay, we
talked about making sure we could at least recognize the $8MM in equal
instalments between the execution of the letter agreement and September 1,
2001 (the outside date for closing). If at all possible, I'd like to take
this one step further so that the entire amount could be recognized in Q2.
Let's plan to talk about this on Monday. Any thoughts on this prior to Monday
would be appreciated.

Regards,

Ben