RE: CONFIRMATION COVERSHEET PROCESS LTR.DOC

Lin:
Enclosed is a revised letter.

Carol St. Clair
EB 3892
713-853-3989 (Phone)
713-646-3393 (Fax)

"Reece, Lin" <Lin.Reece@SouthernEnergy.Com<
06/14/2000 11:21 AM

To: "'Carol.St.Clair@enron.com'" <Carol.St.Clair@enron.com<
cc: "McGough, Scott" <Scott.McGough@SouthernEnergy.Com<,
"'larry.joe.hunter@enron.com'" <larry.joe.hunter@enron.com<
Subject: RE: CONFIRMATION COVERSHEET PROCESS LTR.DOC

Dear Carol, We do not want to create an agreement specfic coversheet for
each counterparty. Is there some way to put language in the body of the
letter agreement to address your concerns. The procedure we are proposing
is intended to supplement current requirements in the ISDA, not replace
them. If you feel that additional definition needs to be added to the
confirmation process, shouldn't we put that definition in the letter
agreement rather than on the cover sheet?

Our goal is to be able to expedite our response to counterparty confirms.
In order to do this we need to have the same cover sheet in place for each
counterparty. Please call me at 678-579-3378 so that we may discuss
possible solutions. Thanks, Lin

-----Original Message-----
From: Carol.St.Clair@enron.com [mailto:Carol.St.Clair@enron.com]
Sent: Wednesday, June 14, 2000 11:12 AM
To: Lin.Reece@SouthernEnergy.Com
Cc: Larry.Joe.Hunter@enron.com
Subject: Re: CONFIRMATION COVERSHEET PROCESS LTR.DOC

Lin:
Enclosed are clean and marked versions of my redo of the reply letter.

(See attached file: Southern Confirm Letter 2 RED.DOC)(See attached file:
Southern Confirm Letter 2.DOC)
Carol St. Clair
EB 3892
713-853-3989 (Phone)
713-646-3393 (Fax)

"Reece, Lin"

<Lin.Reece@SouthernE To:
"'carol.st.clair@enron.com'" <carol.st.clair@enron.com<
nergy.Com< cc:

Subject: CONFIRMATION
COVERSHEET PROCESS LTR.DOC
06/13/2000 02:25 PM

<<CONFIRMATION COVERSHEET PROCESS LTR.DOC<<

Carol, Please feel free to change the letter agreement. The coversheet
needs to remain as it is, because we are using this same sheet for all
counterparties. Thanks, Lin

(See attached file: CONFIRMATION COVERSHEET PROCESS LTR.DOC)