Pacbell Contract

Richard,

Don Black would like to get your opinion on Enron's right to cancel the
Pacbell contract under section 41. (What odds would you give Enron of winning
in court?) The current view on the EES side is that other sections of the
contract provide Pac bell with a cap, which trumps section 41. If you have
any questions, please give me a call.

Thanks
Jay

3-9530