CTS Liquidation Process

---------------------- Forwarded by Steve C Hall/PDX/ECT on 01/24/2001 11:35
AM ---------------------------

<Russell_C_Mills@calpx.com< on 01/24/2001 10:36:22 AM
To: psv@ml.com, tchoi@powersrc.com, mhunter@powersrc.com,
John.morris@neg.pge.com, sickafoosem@epenergy.com,
travis.west@southernenergy.com, Steve.C.Hall@enron.com, Tim.Belden@enron.com,
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cc:

Subject: CTS Liquidation Process

CTS Participants,

Attached you will find the process for liquidating defaulting party forward
contracts. We still need clearance from the court before
this begins. Thanks for your help and support, please feel free to call with
any
questions you may have.

Regards,

Rusty
626-537-3102 wk
626487-7404 cell

(See attached file: CTS Liquidation Terms & Conditions.doc)

- CTS Liquidation Terms & Conditions.doc