Calpine Capacity Release Assignment Agreements

Gerald,

I will be out of town tomorrow and part of Thursday. I've told Julie Gomez
my schedule and indicated that if she needs changes to the documents while I
am out that you could help; she doesn't think anything will need to go out to
Calpine before Thursday afternoon or Friday morning.

I've also got a call into Peter Keohane in Calgary who really should be doing
this work in the first place. Thanks for your help if it is needed.

Steve
----- Forwarded by Steve Van Hooser/HOU/ECT on 11/28/2000 05:28 PM -----

Steve Van Hooser
11/28/2000 02:00 PM

To: Julie Gomez, Barry Tycholiz/CAL/ECT@ECT, Peter Keohane/CAL/ECT@ECT, Eric
LeDain/CAL/ECT@ECT, Stephanie Miller/Corp/Enron@ENRON, Peggy
Hedstrom/CAL/ECT@ECT
cc:
Subject: Calpine Capacity Release Assignment Agreements

Attached please find a revised copy of the PGT Capacity Assignment and the
initial draft of the ANG/NOVA Capacity Assignment. Per discussions with
Julie this morning, these drafts show the Assumption Payment allocated to
the Canadian Capacity Assignment transaction, in order to properly reflect
the economic value of the PGT Capacity over the Canadian Capacity. Please
review and call me with any questions, comments or changes.

Peggy, I would appreciate your providing the gigajoule values applicable to
the ANG and NOVA capacity. The blanks for such values appear in Section 2.2.

Also, I would appreciate someone preparing the Exhibit "A" in Word, without
reference to the percentages; I suppose we need a different Exhibit "A" for
the Canadian transaction, reflecting gigajoule values.

Steve Van Hooser