Western Resources

David

Could you work with Joe Wagner on this. thanks

----- Forwarded by Elizabeth Sager/HOU/ECT on 12/20/2000 03:41 PM -----

Janice R Moore
12/20/2000 03:37 PM

To: Elizabeth Sager/HOU/ECT@ECT
cc:
Subject: Western Resources

Further to my voicemail -- this is the deal to cover Laura Podurgiel's short
for cal 01.
Regards,
Janice

EB3861
Assistant General Counsel, Enron North America Corp.
713-853-1794 (Fax: 713-646-4842)
----- Forwarded by Janice R Moore/HOU/ECT on 12/20/2000 03:36 PM -----

Joseph Wagner@ENRON
12/20/2000 03:10 PM

To: Janice R Moore/HOU/ECT@ECT
cc:
Subject: Western Resources

Janice,

Another high priority deal. The attached proposal is for Western Resources
in order to cover a short position we have in SPP. Noone will sell us FLD so
we are agreeing to a system firm deal with one catch. Western Resources will
put in reserve 20-25% of the total deal value in an account. They will then
reimburse us up to the amount in reserve, if they cut us. I have tried to
lay out as muck detail in the attachment as possible. This deal would need
to be closed by Jan 1. Let me know if we need to meet on this and I will get
someone from the desk to come along. I will call you to follow up on this.
Thanks.

-Joe