Re: PEC Guaranty

Ted, I made one addition.

Ted Chavez
11/07/2000 10:14 AM
To: Susan Scott/ET&S/Enron@ENRON
cc:

Subject: PEC Guaranty

Susan,

Please review the following guaranty sent to us by Peoples Energy Corp
(PEC). PEC and ENA will each guaranty 50% of the obligations of Enovate ( I
think the guaranty may have a different name- I'll fix it).

Please review and let me know if it is acceptable or make necessary changes.

Thanks,
Ted
X-37952