Enron Mail

From:brad.alford@enron.com
To:w.duran@enron.com, joseph.deffner@enron.com, brian.kerrigan@enron.com,charles.ward@enron.com, lisa.mellencamp@enron.com, david.leboe@enron.com, chip.schneider@enron.com, lewis.worthy@enron.com, christopher.coffman@enron.com, kevin.liss@enron.com, sh
Subject:11-30-00 ECP/EPG Transaction Update
Cc:
Bcc:
Date:Thu, 30 Nov 2000 10:55:00 -0800 (PST)

Internal approval schedules at both Enron and El Paso dictate a delay in
signing until Tuesday morning 5-Dec.

Attached are the latest drafts of all of the significant documents regarding
the transaction. There are two minor commercial issues - one regarding the
final arithmetic for the deferred payment schedule and the other in regard to
the Merlin SubNote participation. There are some final tweaks to come to the
numbers and language in the tax sections of the Transaction and LLC
Agreements. Most other changes are anticipated to be minimal from this point
forward.

I will be out tomorrow, but will be checking voice mail. Please leave me a
voice mail or call Lisa Mellencamp with any final issues you may have.

Thank you for your prompt attention to these matters.