and I'll conference you in as soon as we finish w/ the physical power stuff
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 03/16/2001 10:12 AM -----

	"Yaish, Yair (OGC)" <YYaish@exchange.ml.com>
	03/16/2001 09:59 AM
		 
		 To: "'TeiglandL@sullcrom.com'" <TeiglandL@sullcrom.com>, 
"'Janice.R.Moore@enron.com'" <Janice.R.Moore@enron.com>, 
"'Sara.Shackleton@enron.com'" <Sara.Shackleton@enron.com>
		 cc: "'lpeddic@alleghenyenergy.com'" <lpeddic@alleghenyenergy.com>, 
"'GilbergD@sullcrom.com'" <GilbergD@sullcrom.com>, "'Ormec@sullcrom.com'" 
<Ormec@sullcrom.com>
		 Subject: RE: Comments to Pgph 6 of ISDA


Sorry about not sending the attachment, here it is.

 <<AES.ENRO Side Letter -- YY  Comments.doc>>

Yair Yaish
Merrill Lynch (OGC)
212-449-2456
yyaish@exchange.ml.com

> -----Original Message-----
> From: Yaish, Yair (OGC)
> Sent: Friday, March 16, 2001 10:02 AM
> To: 'TeiglandL@sullcrom.com'; Janice.R.Moore@enron.com; 
Sara.Shackleton@enron.com
> Cc: lpeddic@alleghenyenergy.com; GilbergD@sullcrom.com; Ormec@sullcrom.com
> Subject: Comments to Pgph 6 of ISDA
>
> Attached are my comments to the ISDA.
>
> Feel free to call me as soon as possible.  Thanks much!!
>
> Yair Yaish
> Merrill Lynch (OGC)
> 212-449-2456
> yyaish@exchange.ml.com
>
>  -----Original Message-----
>  From: TeiglandL@sullcrom.com [SMTP:TeiglandL@sullcrom.com]
>  Sent: Friday, March 16, 2001 12:57 AM
>  To: Janice.R.Moore@enron.com; Sara.Shackleton@enron.com
>  Cc: lpeddic@alleghenyenergy.com; YYaish@exchange.ml.com; 
GilbergD@sullcrom.com; Ormec@sullcrom.com
>  Subject: Re-revised Allegheny Side Letter for ISDA
>
>  Sara/Janice, thanks for your comments.  I have reflected them in the 
attached draft, marked to show your changes.  The governing law provision is 
a formulation that we have used at S&C to accomplish the purpose of giving 
effect to NY-GOL 5-1401 and should achieve the purpose of the language you 
added to the power master amendment; I was planning to conform the latter to 
the language used here unless you have an objection.
>
>  Allegheny has not yet reviewed this draft so it remains subject to their 
comment.  I also need Yair to confirm that he is happy with the new Part 6 - 
Commodity Definitions section (Yair, this is attached as Exhibit "C" to the 
attached document).
>
>  Let me know if you have any further questions or comments.  Thanks!
>
>
>
>
>
>
>  ----------------------------------
>
>  This e-mail is sent by a law firm and contains information
>  that may be privileged and confidential. If you are not the
>  intended recipient, please delete the e-mail and notify us
>  immediately.
>
>
>  ----------------------------------
>
>  This e-mail is sent by a law firm and contains information
>  that may be privileged and confidential. If you are not the
>  intended recipient, please delete the e-mail and notify us
>  immediately.
>   << File: Allegheny  ENRON ISDA SIDE LETTER(vRED).DOC >>

 - AES.ENRO Side Letter -- YY  Comments.doc