meeting

Dave, I am going to send Shawn your way - he has extensive development, asset
and project finance experience. I would like him under your supervision to
manage our coal power development strategy - like we discussed it could be a
very robust strategy with multiple exit points. I strongly believe that coal
needs to come back into the stack and that the existing development teams
(Parquet & Jacoby) are already buried under mid-stream gas development
opportunities.

This would incorporate acquisitions, development, technology, asset sales,
emissions credits & technology, fuel supply and power sales.

Please update your 2001 budget to incorporate this new iniative.

Regards
Delainey
---------------------- Forwarded by David W Delainey/HOU/ECT on 11/28/2000
08:51 AM ---------------------------

Shawn Cumberland@ENRON_DEVELOPMENT
11/27/2000 04:51 PM
To: David W Delainey@ECT
cc:
Subject: meeting

Dave:

Thanks for your time and patience today.

For now, I'll park the theoretical and focus on the practical. (we can pick
up the other topics later over beers sometime)

I completely agree that the US coal-genco business can offer a huge near-term
win for those that move swiftly.

Thanks for offering me the shot to capitalize on it.

Shawn