Alberta PPA Financing

Further to my e-mail Friday, I confirm we will convene a conference call this
morning, 10:00 Calgary/11:00 Houston time. I suggest the following agenda.

1. Confirm final structure;

2. Finalize credit and collateralization issues, including de-linking
collateral and set-off issues between ECC/Swapco and RBC/ECC;

3. Finalize interest issues;

4. Finalize interest and cost issues;

5. Finalize documentation requirements and timing of first drafts, including:

* ISDA Master, Schedule and related Certificates, etc. between ECC and
Swapco;

* related Enron Corp. Guarantee (incorporating Revolving Credit
representations, warranties, financial covenants, etc.);

* transaction Confirmation Letter (x2, i.e. financial prepay and interest
rate swap);

* legal opinion of Blakes re: ECC;

* legal opinion of VE (or whoever) re: Enron Corp.;

* legal opinion of Macleod Dixon re: Sapwco;

* ISDA Master, Schedule and related Certificates, etc. between ECC and RBC
DS;

* related Enron Corp. Guarantee;

* transaction Confirmation Letter;

* legal opinion of Blakes re: ECC;

* legal opinion of VE (or whoever) re: Enron Corp.;

* legal opinion of Macleod Dixon re: RBC DS (if considered appropriate);

NOTE: We should consider if it is necessary to review and approve the
documentation between Swapco and RBC DS and/or Swapco, BF Equity and RBC DS.

I understand RBC and its counsel