Oregon Steel Mills, Inc.

Debra,

For clarification, the cp's collateral threshold should be $0.00 instead of
N/A. sorry for any inconvenience.

Tracy
---------------------- Forwarded by Tracy Ngo/PDX/ECT on 12/15/2000 08:45 AM
---------------------------

Tracy Ngo
12/15/2000 07:34 AM
To: Debra Perlingiere/HOU/ECT@ECT
cc: Dan J Hyvl/HOU/ECT@ECT, Dave Fuller/PDX/ECT@ECT, Jason R
Williams/NA/Enron@ENRON, Edward Sacks/Corp/Enron@Enron, Wendy
Conwell/NA/Enron@ENRON, Veronica Espinoza/Corp/Enron@ENRON, Russell
Diamond/HOU/ECT@ECT, William S Bradford/HOU/ECT@ECT

Subject: Oregon Steel Mills, Inc.

Debra,

Attached please find a credit worksheet for a draft Master Firm Purchase and
Sale Agreement between Enron North America Corp. and Oregon Steel Mills,
Inc. Please call w/any questions. Jay Williams in Credit for Gas will be
the lead credit contact on this relationship.

Regards,
Tracy
503-464-8755