Re: Triad

Tanya,

This will confirm that you and my other clients have decided to go forward
with initiating arbitration in the above-referenced matter, despite the
up-front costs, and are comfortable with your own assessment of the risks of
Triad having no executable assets, as well your own view that from a policy
basis, this matter needs to go forward to make sure that other traders don't
try the same thing.

I will prepare an arbitration demand and submit it for the review of anyone
who needs to see it before it goes out. It will be very short. Please let
me know who (if anyone) would like to see a draft first.

Britt

Tanya Rohauer@ECT
12/11/2000 01:56 PM

To: Britt Davis/Corp/Enron@ENRON
cc: Lisa Mellencamp/HOU/ECT@ECT, William S Bradford/HOU/ECT@ECT, Russell
Diamond/HOU/ECT@ECT, Scott Neal/HOU/ECT@ECT
Subject: Triad

This should confirm the result of our meeting last Friday in which all
parties agreed to move forward with pursuing a judgement against Triad Energy
Resources for our outstanding receivable of $1,779,000. Please send updates
regarding the proceedings to me as they become available.

Thanks,
Tanya