Jay:
We have received termination letters from Mirant covering the following:

1.	Letter dated 11/30 from Mirant Americas Energy Marketing LP covering (a) 5/11/99 Master Coal Purchase and Sale Agreement; (b) 1/1/99 Coal Purchase and Sale Agreement; (c) 11/1/92 Master Firm Purchase and Sale Agreement; (d) GISB confirms; and (e) emission transaction confirms with ENA, ENA II Corp., EGM, EPMI, ERMS and ENA Upstream.

2.	Letter dated 11/28 from Mirant Americas Energy Marketing LP covering (a) 4/1/97 Master energy Purchase and Sale Agreement; (b) 1/1/96 GISb; and (c) 6/1/94 ISDA.

3.	Letter dated 11/30 from Mirant Canada Energy Marketing Ltd. covering all transactions for the sale and purchase of natural gas.


Do these letters cover all of the Mirant relationships?  What does the collateral hat they are holding cover?  In the US, are we only out of the money on the EPMI trades? 

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

 -----Original Message-----
From: 	Williams, Jason R (Credit)  
Sent:	Thursday, December  20, 2001 11:06 AM
To:	St. Clair, Carol
Subject:	Mirant exposure relationship

Carol -

Per your request, attached is exposure profile for Mirant relationship.  Please let me know if you have any questions.


JRW


 << File: Mirant relationship COB 12192001.xls >>