Re: Language for Notice to Cabot on Winter Cargo

We have notified the Board of Directors and can proceed. Did you get clearance from the leagl folks?

From: Dan Masters/ENRON@enronXgate on 06/18/2001 12:10 PM CDT
To: Ernesto Cordova/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Jaime Sanabria/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: Paul YBarbo/ENRON@enronXgate

Subject: Language for Notice to Cabot on Winter Cargo

This is the language that has been approved for the notice we would give to Cabot if we decide to notify them about replacing the Winter Cargo:

Persuant to clause 12.3(b)(iv) of the LNG contract, EcoElectrica
hereby gives notice to Cabot that it has the opportunity to secure
replacement fuel for the 2002 Winter Cargo.

If EcoElectrica does not receive, within the 10-day period allowed, a
release by Cabot LNG of all rights it has under Section 12.3 not to deliver
the 2002 Winter Cargo, that cargo shall be deleted from the ACQ and the
other adjustments made as provided in Section 12.3(iv).

Pursuant to Article 18, please acknowledge receipt of this notice.

Did the EXCOM group give approval to give the notice? If so, we need to get together to discuss what to do next.

Dan