Sheila,

For your information.

ckm
---------------------- Forwarded by Kay Mann/Corp/Enron on 08/15/2000 09:57 
AM ---------------------------
   
	Enron North America Corp.
	
	From:  Kay Mann                           08/15/2000 09:55 AM
	

To: Jeffrey T Hodge/HOU/ECT@ECT, dtucker@bracepatt.com
cc:  

Subject: MEH Risk Management Policy - Revised

Here's the Risk Management Policy Gregg has been working on for MEH.  

Jeff, I don't know if you have seen this, so I thought I would float it by 
you.

David, I'm sending it to you so that you can comment about any concerns you 
might have relating to the LLC agreement.

Thanks,

Kay
---------------------- Forwarded by Kay Mann/Corp/Enron on 08/15/2000 09:45 
AM ---------------------------
   
	
	
	From:  Gregg Penman                           08/15/2000 09:34 AM
	

To: j.pokorny@pecorp.com, m.nordstrom@pecorp.com, k.classen@pecorp.com, 
w.morrow@pecorp.com, Paul Burgener/Corp/Enron@ENRON, Laura 
Luce/Corp/Enron@Enron, Ted Murphy/HOU/ECT@ECT, Vladimir Gorny/HOU/ECT@ECT, 
Janet R Dietrich/HOU/ECT@ECT, Hunter S Shively/HOU/ECT@ECT, Richard 
Tomaski/Corp/Enron@Enron, Tim Hermann/Corp/Enron@ENRON, Kay 
Mann/Corp/Enron@Enron
cc:  

Subject: MEH Risk Management Policy - Revised

The attached MEH Risk Management Policy includes one additional revision to 
yesterday's draft.  Please disregard yesterday's version.  This is the 
version that should be reviewed for comments or questions. 

Thanks,

Gregg