Here is May 3rd edition....prevented again from being sent out due to Outlook 
problems we were experiencing yesterday.



This information is for the private use of the recipient and may not be 
disclosed to any other entity (including affiliates) without the prior 
written consent of Enron North America.  All of the above prices are 
&indicative8 prices  and are subject to change depending upon changing market 
conditions and liquidity.  The transactions are also subject to negotiation 
of mutually acceptable definitive agreements, satisfactory credit 
arrangements and the approval of the respective management,s of our two 
companies. This term sheet is not intended to create a binding or enforceable 
contract nor is it an offer or a commitment to enter into any transaction.  
All terms are subject to change until  agreement as to a specific transaction 
has been reached.  ENA is not acting as a fiduciary or advisor and you should 
evaluate and understand the terms, conditions, and risks of all transactions 
in making your decisions with respect theret