hourly checkout AECI HE 9 from 5-3-01

---------------------- Forwarded by Juan Hernandez/Corp/Enron on 05/04/2001
06:43 AM ---------------------------

Enron North America Corp.

From: Christopher Watts 05/04/2001 04:41 AM

To: John Kinser/HOU/ECT@ECT, Juan Hernandez/Corp/Enron@ENRON, Don
Baughman/HOU/ECT@ECT
cc:

Subject: hourly checkout AECI HE 9 from 5-3-01

Kurt at AECI showed AECI purchasing 96 mws at $38 for HE 9. The P&L showed
this deal at $40. I offered to meet in the middle at $39. Kurt preferred to
pull the tapes and review the deal with his day guy that did the deal. This
is a heads up on the situation.