Highstar Letter

To all:

Attached below is the letter signed between ENA and Highstar. In summary, we have acknowledged that we have been unable to finalize the existing transaction but are going to discuss a restructured deal. ENA is free to begin marketing the plants to third parties, provided that we cannot enter into binding agreements before May 11, 2001. Either party may terminate after May 11, 2001 for any reason or no reason.

Now on to final docs!

Regards,

Heather