Re: Processes Conference Call

Please mark your calendars, Monday, 11/27, 2 pm (Houston time). Houston
will place call to Greg. Please advise if you have a conflict.

tm

----- Forwarded by Taffy Milligan/HOU/ECT on 11/15/2000 10:03 AM -----

Greg Johnston
11/15/2000 09:14 AM

To: Taffy Milligan/HOU/ECT@ECT
cc:
Subject: Re: Processes

I am available any day that week except Friday, Nov 27.

Taffy Milligan
11/15/2000 08:08 AM
To: Greg Johnston/CAL/ECT@ECT
cc: Linda Sietzema/CAL/ECT@ECT
Subject: Re: Processes

Good morning, Greg.

Per Mary's e-mail, what is you availability like during the week of 11/27?
All the Houston Participants will be in the office that week.

----- Forwarded by Taffy Milligan/HOU/ECT on 11/15/2000 09:05 AM -----

Mary Cook
11/10/2000 12:06 PM

To: Greg Johnston/CAL/ECT@ECT
cc: Tana Jones/HOU/ECT@ECT, Mark Taylor/HOU/ECT@ECT, Taffy
Milligan/HOU/ECT@ECT
Subject: Re: Processes

I am confused. Perhaps we can all get on a call and talk to determine how we
can best coordinate the various matters. My experience is that often the
confirm and annex issues relate and need to be coordinated together if the
counterparty has comments. Per your note I will continue to do the Powerex
deal for now.

By copy to Taffy I request that you set up a conference call with Greg, Tana,
Mark and myself as soon as our schedules all permit. Thanks.

Mary

Enron North America Corp.
Mary Cook
1400 Smith, 38th Floor, Legal
Houston, Texas 77002-7361
(713) 345-7732 (phone)
(713) 646-3490 (fax)
mary.cook@enron.com

Greg Johnston
11/10/2000 11:52 AM

To: Mary Cook/HOU/ECT@ECT
cc: Mark Taylor/HOU/ECT@ECT
Subject: Re: Processes

No, I do not think so. I think we might have a misunderstanding on the
separation of roles between ECC and ENA. ECC legal will do the legal work in
assisting the Calgary confirm desk in preparing the actual confirms,
amendments, terminations, etc. However, ENA legal will continue to handle
all legal matters or inquiries with respect to the negotiation and
interpretation of the contracts surrounding the confirms which, I assume,
would include the negotiation and interpretation of matters such as the
financial GTC forms. Therefore, I would suspect that the negotiation of the
terms of the GTC between ECC and PowerEX, for example, would still be handled
by ENA. Also, as a result, I would suspect that the guarantees would also be
coordinated with Clement through ENA. Perhaps Mark Taylor can clarify on
these points.

Cheers

Greg

MARY COOK
11/10/2000 10:40 AM
To: Greg Johnston/CAL/ECT@ECT
cc: Tana Jones/HOU/ECT@ECT
Subject: Processes

Will you be coordinating with Enron Corp. Clement Abrams regarding Guaranties
relating to the Canada confirms as well?

Enron North America Corp.
Mary Cook
1400 Smith, 38th Floor, Legal
Houston, Texas 77002-7361
(713) 345-7732 (phone)
(713) 646-3490 (fax)
mary.cook@enron.com