Mark,

I have created the product using the language that Leslie requires.  If you need more than this to sign-off on the Product type, please let me know.

Kevin

 -----Original Message-----
From: 	Hansen, Leslie  
Sent:	Friday, September 07, 2001 9:49 AM
To:	Meredith, Kevin; Walker, Chris
Subject:	RE: ERCOT spread

Kevin and Chris:

The spread looks fine except for one minor point.  I'd included a parenthetical defined term at the end fo section (A) of the product long description so that it would be clear in section (B) that Firm (LD) energy was as defined in Schedule P of the EEI agreement.  You deleted the reference.  Please include the parenthetical or give me a call to discuss leaving it out if you prefer.

Thanks,

Leslie

A US Power Spread Transaction (as defined below) with Enron Power Marketing, Inc. under which the Seller (the "Spread Seller") and the Buyer (the "Spread Buyer") shall enter into two physical power transactions, under which either (A) for the case in which Counterparty submits an offer to buy from Enron, Counterparty shall buy the First Product and sell the Second Product, each in respect of the quantity of Firm (LD) energy equal to the Hourly Quantity at the Contract Price in accordance with the terms of the "Firm (LD)" definition in Schedule P of the Edison Electric Institute Master Power Purchase and Sale Agreement Version 2.1 (modified 4/25/00), including, without limitation, any defined terms contained therein, notwithstanding anything to the contrary in the master agreement, if any, that governs these Transactions ("Firm (LD) Energy"); or (B) for the case in which Counterparty submits an offer to sell to Enron, Counterparty shall sell the First Product and buy the Second Product, each in respect of the quantity of Firm (LD) energy equal to the Hourly Quantity at the Contract Price.

 -----Original Message-----
From: 	Meredith, Kevin  
Sent:	Tuesday, September 04, 2001 1:26 PM
To:	Gilbert-smith, Doug
Cc:	Hansen, Leslie
Subject:	ERCOT spread

Doug/Leslie,

Here is a first rough draft of the long and short description for the ERCOT spread.  Please review and let me know your thoughts.  If you have questions, please call me at x3-9555.

Kevin Meredith

EnronOnline
(713) 853-9555

 << File: ERCOT Spreads.doc >>