Enron Mail

From:shari.stack@enron.com
To:mike.smith@enron.com
Subject:Master Agreement Provisions
Cc:elizabeth.sager@enron.com
Bcc:elizabeth.sager@enron.com
Date:Mon, 27 Nov 2000 05:26:00 -0800 (PST)

Mike-

As discussed, attached please find the agreement we currently use to document
physical power transactions. It is the EEI Master Power Purchase and Sale
Agreement and is comprised of boiler plate language (see "EEI Master (6)
4-25-00") and a Cover Sheet where the relevant elections are made (see "EEI
Master CS with Prior Transactions").

For your purposes, please look at Article 8 in the boilerplate as it sets
forth the language regarding collateral requirements. I think you will be
most interested in Articles 8.1© and 8.2 ©. Then, in the Cover Sheet,
look on p. 2 under Article 8. This is where the relevant threshold numbers,
etc... are inserted.

Please call me if you have any questions - I will be happy to help guide you
through it.

Kind regards,

Shari Stack
Enron North America, Legal Department
Tel: (713) 853-9477