Re: Credit Verification

Doug -

Pursuant to the strict written instructions I have received from Credit, and
in accordance with our standing policy, we will not be issueing the User ID
and Welcome Letter to Tenaska until AFTER Credit approval has been granted.

That being said however, we understand the sense of urgency, and have:

1) verified the authority of the User
2) created the User ID and Welcome Letter
3) prepared same for mailing
4) confirmed with the Mail Room that overnight delivery will have the package
to the customer by 10am next day.

So, you can assured that there will be ABSOLUTELY NO DELAY on the behalf of
PCG once we have received the appropriate credit approval.

Dale

From: Douglas Fuehne@ENRON on 01/17/2001 03:08 PM
To: Dale Neuner/HOU/ECT@ECT, Debbie R Brackett/HOU/ECT@ECT, Andrea
Crump/NA/Enron@ENRON, Jason R Williams/NA/Enron@ENRON
cc:
Subject: Re: Credit Verification

Sorry guys - I inadvertently hit send without the following comment. You can
delete the previous version of this.

Based on my conversation with Debbie this morning, we can send it out today.
If we do this, there is a better chance they will have a chance to look at
the site on Thursday late afternoon before actually transacting.

doug

From: Douglas Fuehne on 01/17/2001 03:05 PM
To: Dale Neuner/HOU/ECT@ECT
cc: Debbie R Brackett/HOU/ECT@ECT, Andrea Crump/NA/Enron@ENRON, Jason R
Williams/NA/Enron@ENRON

Subject: Re: Credit Verification

"Tentatively approved" means that we should assume that Tenaska will be
granted full approval unless we hear otherwise from Debbie, Bill, or Jason
Williams by COB Thursday.

Please mail the letter and UserID out to Tenaska today. I have set up the
counterparty in CL system with appropriate interest rates and privileges, and
you guys in PCG should set up the user as usual in the CL system.

I really appreciate everyone's speed on this issue; I believe that there is
a good chance Tenaska will want to transact on Friday. I told them the
earliest they would be able to do so was Friday, pending our usual setup
processes and credit check.

thanks again!
doug

Dale Neuner @ ECT 01/17/2001 02:21 PM

To: Debbie R Brackett/HOU/ECT@ECT
cc: Andrea Crump/NA/Enron@ENRON, Jason R Williams/NA/Enron@ENRON, Douglas
Fuehne/NA/Enron@ENRON

Subject: Re: Credit Verification

Debbie -

Does 'tentatively approved' mean that we should not grant Tenaska access
until we hear from you tomorrow?

Dale

To: Andrea Crump/NA/Enron@ENRON
cc: Jason R Williams/NA/Enron@ENRON, Douglas Fuehne/NA/Enron@ENRON, Dale
Neuner/HOU/ECT@ECT
Subject: Re: Credit Verification

Andrea,

Cross Timbers Energy Services-approved for view only.

Tenaska tentatively approved -pending updated review by Credit. We will
advise by Thursday pm if execution is disallowed.

Andrea Crump@ENRON
01/17/2001 01:15 PM
To: Debbie R Brackett/HOU/ECT@ECT
cc: Jason R Williams/NA/Enron@ENRON, Douglas Fuehne/NA/Enron@ENRON, Dale
Neuner/HOU/ECT@ECT
Subject: Credit Verification

Hello,

Per my conversation with Doug, I would like to confirm the following credit
approvals.

- Cross Timbers Energy Services, Inc has been rejected by credit, but has
been approved for "view" access only.

- Tenaska Marketing Ventures has been approved by credit.

Please reply to confirm, and I will process accordingly.

Thank you,
Andrea
Product Control Group - CL
x54420