Reliable Power Product Description and GTCs

Joe:
If we need to develop a form of confirm for this, are you the person that I
should work with or would someone else handle this?

Rod,
Since we are doing a separate GTC for this product, we will not be able to
"net" on any payment date what we owe the counterparty under this product
against what the counterparty may owe us under other derivative products.
Are you okay with this? Alos, we have been assuming that there are no other
counterparty credit issues with this product since other than the upfront
premium, payments will be made from us to them. Are we safe in assuming this?
Carol
----- Forwarded by Carol St Clair/HOU/ECT on 06/06/2000 05:23 PM -----

Leslie Hansen
06/06/2000 03:09 PM

To: Bill.WIndle@enron.com, Gaurav.Babbar@enron.com, Carol St
Clair/HOU/ECT@ECT, pwright@llgm.com, savitabl@llgm.com, jmcgreevy@llgm.com,
sbehrend@llgm.com
cc:
Subject: Reliable Power Product Description and GTCs

Attached please find the latest version of the Reliable Power Product
description to be posted on the EnronOnline Website, along with the General
Terms and Conditions that will govern the product. I look forward to
discussing your questions and comments so that we can finalize these
documents and distribute to Ace as soon as possible.

Regards,

Leslie Hansen
(713) 853-6121