We are planning on having credit trading ready for EnronOnline launch on 
March 8.

I believe the legal due diligence and credit due diligence is now complete.

The initial list of 50 customers have been approved for credit trading.

Of the 20 reference entities, only the following have been approved:

Reference Entity    Approval Status

Birka Energi AB     Approved
Graningeverkens A/B    Approved
London Electricity    Approved
Scottish and Southern Energy plc  Approved
Seeboard plc     Approved
Sydkraft AB     Approved
Cinergy Corp     Approved


The following have not been approved:

BC Group plc     
Hyder plc     
National Power plc    
PowerGen UK     
Scottish Power UK plc    
Duke Energy Corp    
Dynegy Inc.     
El Paso Energy Corp    
Pacific Gas & Electric Company   
The Southern Company Inc   
Lucent Technologies    
Nortel Networks Corp    
Reliant Energy Inc  

Dave






Paul Simons
02/24/2000 06:14 PM
To: John Metzler/LON/ECT@ECT, Martin McDermott/LON/ECT@ECT, Mark 
Dilworth/LON/ECT@ECT, Eklavya Sareen/LON/ECT@ECT, Mark Dilworth/LON/ECT@ECT, 
David Forster/LON/ECT@ECT
cc: Mark Taylor/HOU/ECT@ECT, Edmund Cooper/LON/ECT@ECT, Bryan 
Seyfried/LON/ECT@ECT, Michael R Brown/LON/ECT@ECT, Mark E 
Haedicke/HOU/ECT@ECT 

Subject: Hard Facts Needed

In Bryan's absence, please work together where necessary to let Mark Taylor, 
Ed and me know/have the following as soon as possible so we can finalise our 
legal due diligence before launch of online credit trading:

best estimate of the launch date for credit trading
the final list of counterparties
the final list of reference credits

Thanks

Paul