RE: WEPCO

Thank you for your timely response. I will call you in the morning per your
voice mail.

Russell Diamond/ENRON@enronXgate
03/12/01 04:45 PM

To: Deirdre McCaffrey/HOU/ECT@ECT
cc: Debra Perlingiere/HOU/ECT@ECT, Stacy E Dickson/HOU/ECT@ECT
Subject: RE: WEPCO

Deirdre,

Given the credit quality of Wisconsin Electric Power Company (WEPCO) no
credit terms will need to be placed in the GISB.

Russell

-----Original Message-----
From: McCaffrey, Deirdre
Sent: Monday, March 12, 2001 3:49 PM
To: Russell Diamond/HOU/ECT@ENRON
Cc: Perlingiere, Debra
Subject: WEPCO

Russell -

We are trying to get a 5 month sale in place with WEPCO - and Stacy Dickson
said it would be possible to do the sale under a GISB if credit provisions
were attached under the special provision section.

The deal we are interested in is a 5,000/day sale at ANR/Alliance with a
price of Nymex plus $0.14. They would like the right to fix Nymex at any
time. What credit terms would you require (material adverse change, letter
of credit) would you guys need?

Thanks -

Deirdre
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