FYI

----- Forwarded by Ricardo Charvel/NA/Enron on 02/08/2001 05:20 PM -----

Ricardo Charvel
02/08/2001 05:14 PM

To: Mario Max Yzaguirre
cc:
Subject:

Max,

Attached you will find a copy of the briefing document that Steve Kean and
Rick Shapiro asked me to prepare for Mr. Lay. As you requested, I have kept
the information on commercial issues to projects which have been closed.

As you will see, the document is focused on policy and regulation. I am
concerned about Mr. Lay having enough information on energy imports since it
is one of the points that the Secretary may touch upon. If you consider it
appropriate, maybe you could inform Mr. Lay on this matter.

I sincerely regret that you feel that there is a misalignment of commercial
and regulatory interests. Hopefully when deregulation happens and business
grows the perception of this misalignment will disappear.

I agree with you that communication has not been optimal in the last months.
As you have been concentrated on the Vitro deal, I myself was very involved
with the transition team. I will be flying to Monterrey once a week to see
you so that we can share information on our meetings with different
government authorities as well as the commercial information that you think
is relevant for me.

Best,

Ricardo