Initial Draft of the Physical PPA for Project Moosehead

---------------------- Forwarded by Sara Shackleton/HOU/ECT on 12/16/99 03:11
PM ---------------------------

Enron North America Corp.

From: Rodney Malcolm 12/16/99 09:52 AM

To: Rogers Herndon/HOU/ECT@ect, James Simpson/HOU/ECT@ECT, Berney C
Aucoin/HOU/ECT@ECT, William S Bradford/HOU/ECT@ECT, Tracy Ngo/HOU/ECT@ECT,
Joseph M Deffner/HOU/ECT@ECT
cc: Stuart Zisman/HOU/ECT@ECT, Elizabeth Sager/HOU/ECT@ECT, Sara
Shackleton/HOU/ECT@ECT
Subject: Initial Draft of the Physical PPA for Project Moosehead

Attached is an initial draft of the physical PPA for Project Moosehead. The
draft for the financial PPA will be ready this afternoon for distribution.
Given the extremely tight time frame we are under I would appreciate any
comments you may have as soon as possible.

Thanks,
Rodney Malcolm