In our previous dealings, the counterparty never responded to the proposed 
EEI Master Energy Purchase and Sale Agreements.  Concepts like margining were 
not understood and there was even a case whereby we tried to margin them and 
they failed to post.  Jim Delany at ENE has tried to reignite the EEI 
discussions, but I'm not very interested until I get their comments to our 
original EEI.  Let me know if I can be of assistance.




From: Sara Shackleton@ECT on 02/12/2001 10:21 AM
To: Edward Sacks/Corp/Enron@Enron, Brant Reves/HOU/ECT@ECT
cc:  

Subject: Energy New England LLC ("ENE")

Ed & Brant:

I'm being hounded by ENE but no Enron traders seem interested.  Brant 
prepared a new worksheet based upon which we sent a new ISDA.  ENE 
"represents" four municipal utilities and is trying to negotiate ISDA's on 
behalf of those utilities.  I think the agent is off-base and I'm not sure 
that any of the utilities really want to trade financial.

Ed, Shari suggested that you may have some insight into ENE.  Should I drop 
this one altogether?  Or are we interested in pursuing?

Either Ed or Brant please let me know.  Thanks.




Sara Shackleton
Enron North America Corp.
1400 Smith Street, EB 3801a
Houston, Texas  77002
713-853-5620 (phone)
713-646-3490 (fax)
sara.shackleton@enron.com