Re: Forms

Hi Brent

Hope all is well.

I received your email. In the US we do physical power puts and calls,
usually on a daily, weekly or monthly basis (e.g several month deal that
gives party right to receive/sell energy on a daily basis). The confirmation
for them is very simple, and generally assumes an underlying master that
would govern the physical delivery if the option is exercised as well as all
the other general terms and conditions.
By copy of this email, I would ask Leslie Hansen to send you copies of a put
and call confirmation which she can get from our documentation group.

Looking forward to seeing you soon back in Houston

(Thanks Leslie)

Brent Hendry@ENRON_DEVELOPMENT
05/04/2000 09:43 AM

To: Jeffrey T Hodge@ENRON_DEVELOPMENT, Elizabeth Sager@ECT
cc:
Subject: Forms

The commercial team in Sao Paulo is getting creative and I have been asked to
find out if EPMI has ever created or used a physical power put or call option
form. Do we have any forms that I could give to the attorneys in Sao Paulo
to review? I appreciate any help you can give me. Thanks,
Brent