My only comment is that the word "lease" should be deleted from the heading 
in paragraph 3 of the assignment agreement.

Kay




j.nassos@pecorp.com on 06/01/2000 07:58:22 PM
To: dtauke@winston.com, frederik_aldin@westlb.com, Kay.Mann@enron.com
cc: j.burns@pecorp.com, c.cole@pecorp.com, s.stawasz@pecorp.com, 
gregory_spitzer@chicago.kirkland.com 

Subject: ABB Transformer Option Agreement


Attached for simultaneous review by West LB and Enron is a draft Assignment
of Option Agreement and a Notice of Exercise of Option prepared by Peoples
Energy's outside counsel, Greg Spitzer at Kirkland & Ellis.

Please direct comments to Greg at (312) 861-2115.
E-mail is   gregory_spitzer@chicago.kirkland.com.

 <<Assignment of Option-1.doc>>  <<Option Exercise -1.doc>>


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 - Assignment of Option-1.doc
 - Option Exercise -1.doc