EPMI selling power in Canada

per my voice mail
---------------------- Forwarded by Elizabeth Sager/HOU/ECT on 04/23/2000
09:02 AM ---------------------------

From: Christi L Nicolay 04/21/2000 11:24 AM

To: Morris Richard Clark/HOU/ECT@ECT, Elizabeth Sager/HOU/ECT@ECT, Jeffrey T
Hodge/HOU/ECT@ECT
cc: Tom May/Corp/Enron@Enron
Subject: EPMI selling power in Canada

Morris--Thanks for your previous information where you said, from a tax
standpoint, that EPMI could buy and sell power in Canada as long as the
trading was done in Houston (or Portland). Can the EPMI traders physically
meet in Canada with Canadian counterparties, as long as the agreement is
executed by EPMI in the US?

Morris/Elizabeth/Jeff -- Tom May, our new NY trader, wants to wheel power
to/from NEPOOL or NY through Hydro Quebec Power and New Brunswick Power.
Rhonda and I will take care of the EPMI wheeling agreements on HQ and New
Brunswick. Who can make sure that EPMI has the necessary export permits to
take power out of Canada (DOE or NEB)? Thanks.