Kay,

Do the retainage LOC's flow from the receipt of funds letter, or do we need 
to tee up those separately?

Steve






Kay Mann@ENRON
05/01/2001 06:59 AM
To: lee.johnson@ss.ps.ge.com, kent.shoemaker@ae.ge.com
cc: Jake Thomas/HOU/ECT@ECT, Stephen Thome/HOU/ECT@ECT 
Subject: Delta/Salmon

Good morning.

In order to finish up Delta/Salmon tomorrow, please note we need the 
following today:

GE parent guaranty
LOC (so that full payment can be made to GE tomorrow)
Opinion of counsel

And once funds are received by GE, we need the receipt of funds letter.

Lee, I haven't heard back from the Portland gang to find out if the LV Co Gen 
contract is ready.  Maybe Jake can help shake that loose.

Thanks,

Kay