Re: Guaranty Letter

Greg, The revisions made by Brazos Valley are acceptable. They can prepare
the executable, sign and forward to HPL for signature. Let me know if you
have any questions.

Greg Brazaitis
05/30/2001 09:12 AM

To: Gerald Nemec/HOU/ECT@ECT
cc:
Subject: Guaranty Letter

Gerald,
Please review and comment.
Thanks,
Greg
---------------------- Forwarded by Greg Brazaitis/HOU/ECT on 05/30/2001
09:07 AM ---------------------------

"Sanches, Freddy" <Freddy.Sanches@steagpower.com< on 05/25/2001 09:08:10 AM
To: "'greg.brazaitis@enron.com'" <greg.brazaitis@enron.com<
cc: "'hanshaws@paceglobal.com'" <hanshaws@paceglobal.com<
Subject: Guaranty Letter

Greg,
The attached file contains comments to the HPL Guaranty Agreement. Please
review and let me know if the revisions are acceptable.

Thanks,

Freddy Sanches, P.E.
Vice President, Economics and Finance
STEAG Power LLC
Three Riverway, Suite 1100
Houston, TX 77056
(713) 499-1162 Direct
(713) 499-1167 Fax
(713) 569-4338 Mobile
freddy.sanches@steagpower.com

<<HPL GUARANTY.doc<<

- HPL GUARANTY.doc