Alberta Pre-pay

---------------------- Forwarded by Peter Keohane/CAL/ECT on 09/18/2000 08:33
AM ---------------------------

Soma Ghosh
09/18/2000 03:06 AM
To: Peter Keohane/CAL/ECT@ECT, Jonathan McKay/CAL/ECT@ECT, Cris
Sherman/HOU/ECT@ECT, Derek Davies/CAL/ECT@ECT, William S
Bradford/HOU/ECT@ECT, John Griffith/Corp/Enron@Enron, "Ellison, Mike"
<Mike.Ellison@rbcds.com<, "McArthur, Ian" <IAN.MCARTHUR@ROYALBANK.COM<,
"Fleming, Blair" <BLAIR.FLEMING@ROYALBANK.COM<
cc: Brian Kerrigan/HOU/ECT@ECT, Catherine Clark/HOU/ECT@ECT
Subject: Alberta Pre-pay

All,

Please find attached the revised structure for the Alberta pre-pay.

The diagrams are accompanied by narrative & should provide some clarity.

Please note that the numbers used are not actual proposed prices/volumes &
have just been used for the purpose of illustrating the structure.

Regards,

Soma