Gerald,
Please review and comment.
Thanks,
Greg
---------------------- Forwarded by Greg Brazaitis/HOU/ECT on 05/30/2001 09:07 AM ---------------------------


"Sanches, Freddy" <Freddy.Sanches@steagpower.com> on 05/25/2001 09:08:10 AM
To:	"'greg.brazaitis@enron.com'" <greg.brazaitis@enron.com>
cc:	"'hanshaws@paceglobal.com'" <hanshaws@paceglobal.com> 
Subject:	Guaranty Letter


Greg,
The attached file contains comments to the HPL Guaranty Agreement.  Please
review and let me know if the revisions are acceptable.

Thanks,

Freddy Sanches, P.E.
Vice President, Economics and Finance
STEAG Power LLC
Three Riverway, Suite 1100
Houston, TX  77056
(713) 499-1162  Direct
(713) 499-1167  Fax
(713) 569-4338  Mobile
freddy.sanches@steagpower.com



 <<HPL GUARANTY.doc>>




 - HPL GUARANTY.doc