Re: Merchant Energy Deals

I would slightly modify the First and Second Floating Amount definitions as
follows.

An amount equal to $2,787,500 plus the sum of the products of (i) the First
Floating Price for each day during the Calculation Period and (ii) the
Notional Quantity per Calculation Period.

An amount equal to the sum of the products of (i) the Second Floating Price
for each hour during the Calculation Period and (ii) the Notional Quantity
per Calculation Period.

Let me know if you think this works.
Regards,
Brent

Melissa Ann Murphy@ECT
05/16/2001 04:41 PM

To: Chris H Foster/Enron@EnronXGate
cc: Sara Shackleton/HOU/ECT@ECT, Brent Hendry/NA/Enron@Enron
Subject: Merchant Energy Deals

I have attached the new drafts below:

Let me know if any further changes are needed.

Thanks,
Melissa
(713) 853-1886