Enron Direct Proposed Deal Structure Memo

From: mark.powell@enron.com

To: rob.milnthorp@enron.com, derek.davies@enron.com, peter.keohane@enron.com,mckay.jonathan@enron.com, darren.cross@enron.com, kate.joslyn@enron.com

Subject: Enron Direct Proposed Deal Structure Memo

Cc: greg.johnston@enron.com

Bcc: greg.johnston@enron.com

Date: Thu, 24 May 2001 19:41:00 -0700 (PDT)

Please disregard my e-mail of last week. Attached is a revised memo which accurately reflects the deal structures discussed during our meeting of May 15, 2001.

Regards,

Mark