Enron Mail

From:gerald.nemec@enron.com
To:lmarlatt@br-inc.com, choekenga@br-inc.com, lhanse@br-inc.com
Subject:Lost Creek Docs.
Cc:james.hoff@enron.com, shonnie.daniel@enron.com
Bcc:james.hoff@enron.com, shonnie.daniel@enron.com
Date:Mon, 31 Jul 2000 04:06:00 -0700 (PDT)

Attached is the latest set of documents which have minor revisions based on
my discussions with Chris last week. These have been only redlined against
the prior version, not the original versions. Let me know if you want
redlines against the original docs. The LLC was not included as no changes
were made from the versions already forwarded.

With respect to the cash out imbalance procedures. The Administrative
Services Agreement (Exhibit B) currently has a rough procedure for such
cashout. It is also written such that the Members can adopt a new procedure
at any time. If the current procedures are not sufficient, it probably make
the most sense to have only a working draft (approved by the members) of
procedures in place until we have a few month of operations under our belt to
work out the bugs. Scott Sitter will be developing this draft. The
development of these procedures can be done outside these current revisions.
A final imbalance procedure would be adopted by written action of the members
upon development of those final procedures.

Let me know if you have any questions.