----- Forwarded by Richard B Sanders/HOU/ECT on 06/29/2000 10:34 AM -----

	jross@susmangodfrey.com
	06/28/2000 05:04 PM
		 
		 To: richard.b.sanders@enron.com
		 cc: 
		 Subject: Draft to Duke


Richard --

Here's the draft.  They might come back with some response that our
agreement is not unconditional, but if they do not participate in the
redetermination process, they run the risk of losing the right to do so.

The last line is for you.
 - Doc1.wpd