Please call.  Brent and I missed you this morning.  Here's the extent of what 
I was able to find out.  We called Andrea Bertone and left word.  I think 
she's calling Brent (as I was on a conference call when she rang back).  Pat 
Cini will join our Friday morning meetings.  Is Michael Herman taking over 
Brazil financial?  SS
---------------------- Forwarded by Sara Shackleton/HOU/ECT on 11/05/99 10:50 
AM ---------------------------
   
	Enron North America Corp.
	
	From:  Patricia Cini                           11/05/99 10:02 AM
	

To: Brent Hendry/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Sara 
Shackleton/HOU/ECT@ECT
cc: William S Bradford/HOU/ECT@ECT, Sue 
Frusco/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Christine 
Garcia/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Bjorn Hagelmann/HOU/ECT@ECT 
Subject: Re: Brazil 10 year power deal


---------------------- Forwarded by Patricia Cini/HOU/ECT on 11/05/99 10:00 
AM ---------------------------


Don Black@ENRON_DEVELOPMENT
11/05/99 09:58 AM
To: Patricia Cini/HOU/ECT@ECT
cc:  
Subject: Re: Brazil 10 year power deal  

pat, sorry, but we did go forward with this very small deal before taking all 
the normal credit provisions.  The deal is not signed yet, and is still 
"technically" awaiting management approval.  Please work with Remi Collogne 
and or Gustavo to get information on this company.  let me know how I can 
help.  thanks 


To: Christine Garcia/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: Sue Frusco/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, William S 
Bradford/HOU/ECT@ECT, Don Black/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Remi 
Collonges/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Andrea 
Bertone/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Gustavo 
Junqueira/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Brent 
Hendry/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Bjorn Hagelmann/HOU/ECT@ECT 
Subject: Brazil 10 year power deal

Christine:

Let me know if you have heard about a 10 year deal that Brazil did.  Gustavo 
advised that they are going to buy 1.7MW (24x7)at 40.00Real from a sugar mill 
beginning in May 2000.  The purchase price is suppose to be inflation 
adjusted starting 2001.  ECE will be selling this power to Elektro at a 
biomass pricing that is government controlled and adjusted annually.  The 
price to Elektro is approximately 80.00Real.   

I believe that this deal may have been already executed, but have not 
received a response from Brazil yet.  I have not had a chance to review the 
sugar mill's profile and make any type of credit assessment.

Let me know if you have heard from Brazil on this and whether we have a 10 
year power curve from them.

Regards,

Pat