Re: AEC Transaction Agreement

This works for me.

Mark

Gerald Nemec@ECT
02/27/2001 09:31 AM

To: Mark Whitt/NA/Enron@Enron
cc: Russell Diamond/Enron@EnronXGate
Subject: AEC Transaction Agreement

Mark, Please review my attached change to the confirm. This makes it clear
that if we don't like their changes to the Master we will not accept them and
the existing Master still governs. If acceptable I will forward back to AEC.

Russell, AEC is reviewing the Master and indicated they would have comments
within a week or so. The plan is now to execute this confirm and follow up
with the new master. The credit language that was in the earlier version has
been removed.