Canadian Precedent Form of ISDA

Tana, I know we exchanged a couple of e-mails since the below about you
providing to me the Canadian financial trading precedents described below,
but I forget where it was left. We do need to get these precedents to the
counterparty as soon as possible and I apologize for not following up on it.
As suggested, I need the actual base ISDA agreement, paragraph 13, credit
support annex, etc. as well as the short form financial GTC but I do not need
the municipal government schedule at this point. Could you gather together
these precedents and forward them directly to Chris Gaffney in Toronto?

Let me know if you need anything else from me.

Cheers

Greg
---------------------- Forwarded by Greg Johnston/CAL/ECT on 09/12/2000 02:16
PM ---------------------------

Greg Johnston
06/20/2000 01:41 PM
To: Tana Jones/HOU/ECT@ECT
cc: Mark Taylor/HOU/ECT@ECT, Eric LeDain/CAL/ECT@ECT, Paul
Devries/TOR/ECT@ECT, Chris Gaffney/HOU/ECT@ECT
Subject: Canadian Precedent Form of ISDA

Tana, Enron Canada is currently negotiating a transaction with 6 major
municipalities in Ontario (the "G6") to provide various services to a company
those 6 entities are setting up, which services will include physical and
financial trading (both gas and electricity). John Suttle is working with
Jan Wilson of our Toronto office to set the credit terms applicable to this
entity on both the physical and financial trading side, but they have not yet
made a final determination. In the interim, the G6 has requested that we
send them a copy of our precedent form of master financial trading agreement
(both the ISDA and our short form financial GTC). I assume you get requests
like this all the time and was hoping that you could e-mail to me (i) the
ISDA, credit support annex, Paragraph 13, etc. that we would typically put in
place between ECC and a Canadian counterparty to financially trade gas and
electricity in Canada (ie. incorporating the Canadian provisions), leaving
the credit terms blank for the time being and (ii) the financial GTC we use
for Canadian counterparties.

Call me if you have any questions or if there are any problems with preparing
and forwarding these documents to the counterparty.

Thanks

Greg