Garrad Hassan report on Indian Mesa II

Enron Wind has received report and is now getting RAC and Enron Board
sign-off. Should not be a problem to get sign-off before the Feb. 7th
deadline in the condition precedent agreement. See below for final report...
---------------------- Forwarded by Mike Curry/HOU/ECT on 01/23/2001 10:26 AM
---------------------------

Michael Payne@ENRON_DEVELOPMENT
01/23/2001 10:25 AM
To: Mike Curry@ECT, Karen L Barbour@ECT, Phillip Polsky@Enron, Edith Cross@ECT
cc: Bob Gates@ENRON, Jeff Maurer@ENRON
Subject: Garrad Hassan report on Indian Mesa II

Attached is the final Garrad Hassan analysis of the Indian Mesa II wind
resource which has now been approved by Andrew Garrad and is acceptable to EW
management. In our opinion this report will meet the requirements described
in the Enron Board resolutions relating to the debt financing of the project.

Karen, we are now prepared to complete the RAC review and would like to do so
as soon as possible.

Please don't hesitate to contact me with any questions.

Michael
6-9690