PG&E Credit Exposure

Ken will be making a call to Bob Glynn at PG&E. Please give the attached to
Ken before the call.
----- Forwarded by Steven J Kean/NA/Enron on 03/02/2001 12:33 PM -----

Debbie R Brackett@ECT
03/02/2001 10:46 AM

To: Richard Shapiro/NA/Enron@Enron, Steven J Kean/NA/Enron@Enron
cc: William S Bradford/Enron@EnronXGate, Rick Buy/Enron@EnronXGate
Subject: PG&E Credit Exposure

Steve,

Per your request, I've attached a summary of credit exposure with PG&E as of
close of business on February 28th. We are investigating an increase in our
overall position as a result of basis movement in the west over the past few
days.

Please feel free to give me a call at 35856 if I can provide futher
information.