Leslie:
It is my understanding that settlement payments are due tomorrow for EPMI trades done with the following counterparties:

El Paso Electric Company
LG&E Energy Marketing Inc.
Great Bay Power Corporation
Niagra Mohawk Energy Marketing Inc.


EPMI is holding LC's that expire 12/31/01 as collateral.  Please advise me ASAP as soon as you know whether payment has been made as we may have a right to draw prior to the expiry date.

Is anyone aware of any other deafults that would give us a right to draw?
Carol St. Clair
EB 4539
713-853-3989 (phone)
713-646-3393 (fax)
281-382-1943 (cell phone)
8774545506 (pager)
281-890-8862 (home fax)
carol.st.clair@enron.com