Activities in Mexico

Rick,

Aside from what you already know on the Enron de Mexico ENA regulatory and
commercial front (in documents that I gave you), I am also supporting
HydroMod and EBS in their efforts to materialize business oportunities in
Mexico.

Attached you will find activity reports on these matters.

Enron de Mexico has also taken an active role in the Bufete Industrial deal
with EE&CC although I do not have anything to do with that. Nevertheless, I
should say that the One Enron approach is at work in the Mexico City office.

Apparently very soon EBS is going to sublet some space in our MX City office
and get someone on the ground permanently. They have been talking about the
possibility of getting some regulatory support here from me. Is this
convenient for our organization? How should we go about it?

Best,

Ricardo