Processes: Revised as to Power Receivable Financing: PLEASE READ

From: mary.cook@enron.com

To: rick.antonoff@enron.com, alan.aronowitz@enron.com, morris.clark@enron.com,angela.davis@enron.com, peter.del@enron.com, h..douglas@enron.com, n..gray@enron.com, leslie.hansen@enron.com, marie.heard@enron.com, brent.hendry@enron.com, t..hodge@enron.com,

Subject: Processes: Revised as to Power Receivable Financing: PLEASE READ

Cc:

Bcc:

Date: Thu, 1 Nov 2001 12:33:52 -0800 (PST)

See attached. Changes are bold.

Cordially,
Mary Cook
Enron North America Corp.
1400 Smith, 38th Floor, Legal
Houston, Texas 77002-7361
(713) 345-7732
(713) 646-3393 (fax)
mary.cook@enron.com