Enron - Allegheny Energy Supply Agreement

---------------------- Forwarded by Don Miller/HOU/ECT on 03/14/2001 10:19 AM ---------------------------

"Morrell, Michael P." <MMORREL@alleghenyenergy.com<@alleghenyenergy.com< on 03/14/2001 10:12:01 AM
Sent by: "Thomas, Cynthia L." <CTHOMA3@alleghenyenergy.com<
To: "'don.miller@enron.com'" <don.miller@enron.com<
cc: "Morrell, Michael P." <MMORREL@alleghenyenergy.com<, "Bevilacqua, David J." <dbevila@alleghenyenergy.com<, "Clark, Patricia J." <PCLARK@alleghenyenergy.com<
Subject: Enron - Allegheny Energy Supply Agreement

As we discussed by phone yesterday, I am attaching drafts of a
letter I propose to send to Louise Kitchen and an amendment to the agreement
between Enron and Allegheny Energy Supply.

The detailed schedule to get us from here to closing is as follows:

March 19 S-3 ready to go effective (no SEC review)
March 23 SEC approval of EWG filing
March 30 Underwriters' due diligence complete
April 3 SEC approval of equity/debt financing filing
April 4 S-3 goes effective (no SEC review)
April 6 Print preliminary prospectus
April 8 Palm Sunday/Passover begins
April 9 Distribute preliminary prospectus/begin sales calls
April 13 Good Friday
April 15 Easter/Passover ends
April 16 S-3 ready to go effective (assuming SEC review)
April 18-20 United States roadshow
April 22-23 Europe roadshow
April 24-25 United States roadshow
April 26 Equity pricing
May 2 Debt placement closing with banks
May 2 Equity sales closing
May 3 Enron acquisition closing

<<enron letter.doc<< <<amendment to enron agreement.doc<<

Please call me when you have reviewed these items. My phone number
is (301) 665-2716.

M. P. Morrell

- enron letter.doc
- amendment to enron agreement.doc