Re: PGT Deal

FYI,

I have no doubt that this deal will heat up on December 28 or 29.

Steve
----- Forwarded by Steve Van Hooser/HOU/ECT on 12/15/2000 03:51 PM -----

Steve Van Hooser
12/15/2000 03:49 PM

To: Stephanie Miller/Corp/Enron@ENRON
cc:
Subject: Re: PGT Deal

Stephanie,

Here is a revised version of the Term Sheet which follows the pricing
approach we discussed earlier today. Let me know what you think.

Steve

Stephanie Miller@ENRON
12/14/2000 01:36 PM

To: Steve Van Hooser/HOU/ECT@ECT
cc:
Subject: PGT Deal

I am expecting Calpine's response to the term letter we sent last week to
arrive shortly. I already know that they wanted to strengthen the "first
look" provision and have a reopener on the price after a two year period.

Can you please review attached? Comments/suggestions?

Please call

Stephanie x31688