Money Back to Enron from NYISO from ICAP residual

Phil -
Per our conversation, Enron has successfully procured sufficient UCAP for January 2002 through NYISO's Monthly Auction. The total dollar amount for that Obligation is $219,189. Enron posted $750,000 in collateral to participate in the Monthly UCAP Auction on Dec-07. Enron is requesting the difference between what was posted and the cost of our Obligation wired back to Enron's Account; that difference is $530,811. It is understood that Enron is obliged to re-post collateral come the following UCAP Auction in early January for February's Obligation.

Wade -
Can you please e-mail Phil Gootee and Mike Mackles from NYISO Credit Dep't wiring instruction for the $530,811. Thank you.

Please call with any questions.

- Juan
713-853-1751