Re: RBC and TD Bank Swaps with Enron Canada

Thursday I'll be there.

Greg Johnston
10/03/2000 09:11 AM

To: Sara Shackleton/HOU/ECT@ECT
cc:
Subject: Re: RBC and TD Bank Swaps with Enron Canada

Thanks Sara. Are you going to be at the conference this week?

From: Sara Shackleton on 10/03/2000 08:45 AM CDT
To: Greg Johnston/CAL/ECT@ECT
cc: Larry Joe Hunter/HOU/ECT@ECT, Tana Jones/HOU/ECT@ECT
Subject: Re: RBC and TD Bank Swaps with Enron Canada

Greg: I spoke with Joe and he IS working on the internal rate swap with John
(i.e., ECC/RMT and RMT/ENA). Sara
----- Forwarded by Sara Shackleton/HOU/ECT on 10/03/2000 08:44 AM -----

Larry Joe Hunter
10/02/2000 05:04 PM

To: Greg Johnston/CAL/ECT@ECT, Sara Shackleton/HOU/ECT@ECT
cc:
Subject: Re: RBC and TD Bank Swaps with Enron Canada

Greg,

The matrix I was given doesn't mention an internal rate swap. I'll have to
check with John Griffith in Structuring.

Sara,
Do you know if the Interest Rate swap is also being backed out to RMT?

Thanks
Joe

Greg Johnston
10/02/2000 02:54 PM
To: Larry Joe Hunter/HOU/ECT@ECT
cc:
Subject: Re: RBC and TD Bank Swaps with Enron Canada

Joe, I understood that there should be an internal interest rate swap in
addition to the commodity swap that you just faxed back to me. Is someone
other than you preparing that document?

Thanks

Greg

From: Larry Joe Hunter 10/02/2000 01:07 PM

To: Greg Johnston/CAL/ECT@ECT
cc:
Subject: Re: RBC and TD Bank Swaps with Enron Canada

I have recieved everything. I'll send copies of the TD & RBC signatures as
soon as I recieve them. The Risk Management deal you signed is, in effect,
the Confirm between ENA and ECC. For tax purposes, ENA does not deal
directly with ECC, so the Risk Management vehicle takes the place of ENA.

Thanks,
Joe

Greg Johnston
10/02/2000 10:50 AM
To: Larry Joe Hunter/HOU/ECT@ECT
cc: Sara Shackleton/HOU/ECT@ECT, Tana Jones/HOU/ECT@ECT, Peter
Keohane/CAL/ECT@ECT, Sharon Crawford/CAL/ECT@ECT
Subject: RBC and TD Bank Swaps with Enron Canada

I believe that, as you requested, I have now had executed and returned to you
by fax copies of the commodity swaps between Enron Canada and each of RBC, TD
Bank and Risk Management as well as the two rate swaps between Enron Canada
and each of RBC and TD. I believe the only other confirm requiring Enron
Canada's execution in this transaction is the back-to-back rate swap between
Enron Canada and ENA, whereby Enron Canada swaps the floating rate for the
fixed rate with ENA. You can send that confirm directly to my attention by
e-mail and I will get it signed and sent back to you. I understand that you
will be attending to obtaining counterparty execution of these confirms.
Could you do me a favor and, when you receive the fully executed confirms
back from the respective counterparties, fax fully executed copies of all the
confirms to my attention at 403-974-6707. I am aggregating copies of all the
documents relating to this financing for our files and will need the executed
confirms as part of that process.

Thanks

Greg Johnston