Protest to PX Compliance Filing re: Information Guide

I am under the impression that we still need to file the attached protest to
a 12/13/00 Cal PX FERC filing that would (in the PX's interpretation) allow
them to confiscate our collateral in the Block Forward Market to satisfy the
defaults of other participants in the PX markets. Please let me know if we
don't need to file this. Please give me your comments on the draft ASAP.
---------------------- Forwarded by Mary Hain/HOU/ECT on 02/01/2001 04:26 PM
---------------------------

Enron Capital & Trade Resources Corp.

From: "Ronald Carroll" <rcarroll@bracepatt.com<
02/01/2001 04:15 PM

To: <mary.hain@enron.com<, <smara@enron.com<
cc:
Subject: Protest to PX Compliance Filing re: Information Guide

I assume we still want to file this protest to preserve our rights. Please
give me your comments ASAP. Thanks. Ron

- 0137501.01