Retail shorts

Folks,

Attached is a listing of retail shorts accrued to date. The idea is to use
our LM6000's, 6B's or Italian turbines to cover these positions. Maybe we
could sell the combination of shorts and machines to an IPP such as Calpine
or AES who should be looking for earnings. I would like to meet Friday at
10:30 to plot out strategy and discuss the required analysis. In the
interim, please familiarise yourself with the data.

regards,

Don Black
---------------------- Forwarded by Donald M- ECT Origination Black/HOU/ECT
on 02/16/2000 10:40 AM ---------------------------

Enron North America Corp.

From: Juan Padron @ EES 02/08/2000 10:46 AM

To: Dennis Benevides/HOU/EES@EES, Charles Decker/HOU/EES@EES
cc: Donald M- ECT Origination Black/HOU/ECT@ECT
Subject: 4-hr Block Position Rpt w/IBM

All -

please find attached EES' position report inclusive of IBM deal, by region,
by month, by four-hour block.

Please call if you have any questions.

- Juan