RE: Debt Funding to Enron Corp.

John, Rob and I are Directors of Enron Canada Corp. and Enron Canada Power Corp., and as such have independent duties to ensure that decisions are taken in the best interests of Enron Canada, considering all the circumstances. This may include the interests of its shareholder and the cross-default consequences for Enron Canada if Enron Corp. defaults. But in the circumstances it may also include preserving value within Enron Canada for Enron Canada's creditors. To discharge this duty (and to avoid personal liability), we need to be consulted and agree that taking funds out of Enron Canada is the proper decision for Enron Canada in all the circumstances.

Peter.

-----Original Message-----
From: Bowen Jr., Raymond
Sent: Wednesday, November 21, 2001 10:19 AM
To: Keohane, Peter
Cc: Haedicke, Mark E.; McMahon, Jeffrey
Subject: RE: Debt Funding to Enron Corp.

Peter,

What is the motive of this memo?

Ray

-----Original Message-----
From: Crawford, Sharon On Behalf Of Keohane, Peter
Sent: Wednesday, November 21, 2001 10:45 AM
To: McMahon, Jeffrey; Bowen Jr., Raymond; Perkins, Mary
Subject: Debt Funding to Enron Corp.

Please see attached memo:

<< File: memo.bowen.debt funding to Enron Corp.doc <<