FYI.
----- Forwarded by Jeff Dasovich/NA/Enron on 02/23/2001 06:12 PM -----

	Christopher F Calger@ECT
	02/23/2001 06:00 PM
		 
		 To: David W Delainey/HOU/EES@EES
		 cc: Jeff Dasovich/NA/Enron@Enron
		 Subject: CDWR

Dave,

Today we entered into an agreement with CDWR.  A condition of any new deal 
was payment for power deliveries already made.  We received $10.9MM today so 
we executed a 200MW Peak NP-15 Sale from Feb24-Mar31.  CDWR gave us an option 
until Mar28 to extend the deal for five years (at a lower price).  This gives 
us the opportunity to work out the credit issues.  

I plan on speaking with Freeman early next week to re-engage on credit issues 
/ Pastoria / other deals.  

Chris