Re: WWW.EnergyClear.com

fyi
---------------------- Forwarded by Mary Solmonson/HOU/ECT on 12/05/2000
09:01 AM ---------------------------

Enron North America Corp.

From: James Whitehead @ ENRON 12/04/2000 06:49 PM

To: Mary Solmonson/HOU/ECT@ECT
cc:
Subject: Re: WWW.EnergyClear.com

Mary

I am putting together an analysis of these guys right now since they just
came on the scene. I want to talk to Tom more about this company before I
finish the document because he has a great contact there. The JV with Prebon
Yamane is not that strong but having Amerex and The Bank of New York is
huge. Please keep me informed of any other information you hear about Energy
Clear or any other potential competition. Thanks.

James