Cage -Termination Amount

Debbie,

Below is the termination payment as calculated by the Structuring group.
This is the amount we should use when notifying Cage of their payment owed
ENA. I think we should send a letter out to them with the amount owed to
ENA. I do not know if it is necessary to mention the draw on the L/C, which
we have received.

Thanks

Russell

---------------------- Forwarded by Russell Diamond/HOU/ECT on 06/30/2000
10:16 AM ---------------------------

Enron North America Corp.

From: Eric Moon 06/30/2000 09:29 AM

To: Russell Diamond/HOU/ECT@ECT
cc:
Subject:

Russell,

The costs for the Cage Gas Transaction are outlined below:

June 16, 2000 - June 19, 2000 = $9,537
June 20, 2000 = $2,272
June 21, 2000 - June 30, 2000 = $21,255
July 1, 2000 - End of Deals = $735,696
---------------------------------------------------------

TOTAL COST = $768,761

edm