Re: ISDA or contract to trade financially with Tucson Electric

Kim,

I must await if credit wants new credit terms. You may want to call Ed Sacks
and ask such.

Once you or Ed get back with me, we in Legal will be more than happy to
redraft and send to TEP.

Susan S. Bailey
Enron North America Corp.
1400 Smith Street, Suite 3806A
Houston, Texas 77002
Phone: (713) 853-4737
Fax: (713) 646-3490
E:mail: Susan.Bailey@enron.com

Kim Ward
12/12/2000 11:52 AM

To: Susan Bailey/HOU/ECT@ECT
cc:
Subject: Re: ISDA or contract to trade financially with Tucson Electric

Can we resend this? I knew that we had done this before but it has been lost
in the shuffle. They will be waiting for it ready to comment as soon as they
get it.

Let me know if there is a problem.

Thanks,

Kim

From: Susan Bailey on 12/12/2000 11:47 AM CST
To: Kim Ward/HOU/ECT@ECT
cc: Sara Shackleton/HOU/ECT@ECT, Edward Sacks/Corp/Enron@Enron
Subject: Re: ISDA or contract to trade financially with Tucson Electric

Kim,

Please be advised, an draft ISDA was sent to Dave Hutchens of TEP by FED EX
on 5/11/2000. To date ENA has never received any comments from TEP.

Ed,

Please advise if TEP's financial terms per your worksheet of 4/28/2000 can
remain the same. If so Legal can provide TEP with a redraft.

Susan S. Bailey
Enron North America Corp.
1400 Smith Street, Suite 3806A
Houston, Texas 77002
Phone: (713) 853-4737
Fax: (713) 646-3490
E:mail: Susan.Bailey@enron.com

Kim Ward
12/12/2000 11:31 AM

To: Sara Shackleton/HOU/ECT@ECT
cc: Susan Bailey/HOU/ECT@ECT
Subject: ISDA or contract to trade financially with Tucson Electric

Sara,

We are in the process of trying to lock in a fixed price for gas for Tucson
Electric for the summer. We need to get a contract in place ASAP that allows
a financial transaction with these guys. Have you guys ever looked into
financial contracts with them? Let me know what information you need or if
you have any questions. They are ready to do something today.

Thanks,

Kim Ward
503-464-3826