RE: Comments to Pgph 6 of ISDA

Sorry about not sending the attachment, here it is.

<<AES.ENRO Side Letter -- YY Comments.doc<<

Yair Yaish
Merrill Lynch (OGC)
212-449-2456
yyaish@exchange.ml.com

< -----Original Message-----
< From: Yaish, Yair (OGC)
< Sent: Friday, March 16, 2001 10:02 AM
< To: 'TeiglandL@sullcrom.com'; Janice.R.Moore@enron.com;
Sara.Shackleton@enron.com
< Cc: lpeddic@alleghenyenergy.com; GilbergD@sullcrom.com; Ormec@sullcrom.com
< Subject: Comments to Pgph 6 of ISDA
<
< Attached are my comments to the ISDA.
<
< Feel free to call me as soon as possible. Thanks much!!
<
< Yair Yaish
< Merrill Lynch (OGC)
< 212-449-2456
< yyaish@exchange.ml.com
<
< -----Original Message-----
< From: TeiglandL@sullcrom.com [SMTP:TeiglandL@sullcrom.com]
< Sent: Friday, March 16, 2001 12:57 AM
< To: Janice.R.Moore@enron.com; Sara.Shackleton@enron.com
< Cc: lpeddic@alleghenyenergy.com; YYaish@exchange.ml.com;
GilbergD@sullcrom.com; Ormec@sullcrom.com
< Subject: Re-revised Allegheny Side Letter for ISDA
<
< Sara/Janice, thanks for your comments. I have reflected them in the
attached draft, marked to show your changes. The governing law provision is
a formulation that we have used at S&C to accomplish the purpose of giving
effect to NY-GOL 5-1401 and should achieve the purpose of the language you
added to the power master amendment; I was planning to conform the latter to
the language used here unless you have an objection.
<
< Allegheny has not yet reviewed this draft so it remains subject to their
comment. I also need Yair to confirm that he is happy with the new Part 6 -
Commodity Definitions section (Yair, this is attached as Exhibit "C" to the
attached document).
<
< Let me know if you have any further questions or comments. Thanks!
<
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< ----------------------------------
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< ----------------------------------
<
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< << File: Allegheny ENRON ISDA SIDE LETTER(vRED).DOC <<

- AES.ENRO Side Letter -- YY Comments.doc