ClickPaper approvals, 11-20-00

----- Forwarded by Tana Jones/HOU/ECT on 11/27/2000 08:59 AM -----

Walter Guidroz@ENRON
11/20/2000 09:45 AM

To: Camille Gerard/Corp/Enron@ENRON, Mary G Gosnell/HOU/ECT@ECT, Samuel
Schott/HOU/ECT@ECT, Adnan Patel/Corp/Enron@ENRON, Tanya Rohauer/HOU/ECT@ECT,
Paul Radous/Corp/Enron@ENRON, Tom Moran/HOU/ECT@ECT, Bradley
Diebner/HOU/ECT@ECT, Tana Jones/HOU/ECT@ECT, Karen Lambert/HOU/ECT@ECT,
Stacey Richardson/HOU/ECT@ECT, Frank L Davis/HOU/ECT@ECT, Noel
Petterson/Corp/Enron@Enron, Walter Guidroz/NA/Enron@Enron
cc:
Subject: ClickPaper approvals, 11-20-00

Attached are ClickPaper approvals for November 20, 2000. Please note that
the credit limits in the spreadsheet reflect one-tenth of the actual credit
limit that we have assigned for a given counterparty since the headroom
within ClickPaper is calculated using Sigma Factor * Volume rather than
Pprice * Volume. We will assign all future limits by using one-tenth of the
assigned credit limit since using the Sigma factor in these calculations
generates a value of roughly one-tenth of the full limit. Hopefully this
will eliminate some of the recent problems we've had with counterparties
busting their credit limits. Please call or send a note if you have any
questions. Thanks.

Walter