Jarrod:  So what's the latest with Aquila?  We may have our master signed 
soon. Sara
----- Forwarded by Sara Shackleton/HOU/ECT on 05/23/2000 08:18 AM -----

	David Minns@ENRON_DEVELOPMENT
	05/22/2000 10:50 PM
		 
		 To: Jarrod Cyprow@ECT
		 cc: Sara Shackleton@ECT, Heidi Mason/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, 
Raymond Yeow/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
		 Subject: Re: Yipes - Syd vs Melbon - HDD swap

Jarrod it seems the reference to Sydney time for a Melborne weather 
transaction could lead to an inconsistency this year. So if a time zone is to 
be referenced it should be Melbourne. 

---------------------- Forwarded by David Minns/ENRON_DEVELOPMENT on 
05/23/2000 02:44 PM ---------------------------


David Minns
05/23/2000 12:39 PM
To: Raymond Yeow/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Heidi 
Mason/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: Christian Werner/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT 

Subject: Re: Yipes - Syd vs Melbon - HDD swap  

I agree this change could cause problems. During September 2000  daylight 
saving will start early in Sydney during the Olympics. As a result there will 
be a 1 hour time difference between Sydney and Melbourne.  The local time as 
reported by the Bureau of Meteorology is Melbourne time. Hence if there is to 
be a reference to a time zone it should time zone applicable to that 
location. More generally we should put a definition of "LST "in documentation 
as meaning the time at the relevant weather station. We could have a 
circumstance of reference weather stations in difference time zones (eg 
basket of cities).

Heidi can you handle?             



Raymond Yeow
05/23/2000 12:17 PM
To: Heidi Mason/ENRON_DEVELOPMENT
cc: David Minns/ENRON_DEVELOPMENT, Christian Werner/ENRON_DEVELOPMENT 

Subject: Yipes - Syd vs Melbon - HDD swap  

Dear Heidi,

1.
I confirm that this is now a swap rather than a bought option.  

2.
To DAVID,
".... Please let me know if you think this document is acceptable........"

Since Jared has replaced LST with Sydney time -

should this be Melbourne time instead ?????

Rgds Raymond
1215pm; 23 May








Heidi Mason
05/23/2000 09:10 AM
To: Raymond Yeow/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc:  

Subject: Re: Aquila Australia Weather Confirmation

Raymond

The confirmation I have received below looks to be the deal we were talking 
about when I was in Houston. Is this correct? At that stage, were we not 
talking about there being a significant premium payable at the start of the 
deal. It appears from the confirmation below that this is now a swap rather 
than a bought option.  Can you please confirm that this therefore the same 
deal. 

Heidi


---------------------- Forwarded by Heidi Mason/ENRON_DEVELOPMENT on 
23/05/2000 09:04 ---------------------------


David Minns
22/05/2000 17:21
To: Jarrod Cyprow/HOU/ECT@ECT
cc: Sara Shackleton/HOU/ECT@ECT, Raymond 
Yeow/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Christian 
Werner/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Susan 
Musch/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Heidi 
Mason/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT 

Subject: Re: Aquila Australia Weather Confirmation  

Jarrod looks fine. For completeness I have noted one minor inconsistency in 
(v) of the Fallback Data provisions that dates back to my first draft. Our 
rounding of degrees celsuis is to one decimal point. Hence the reference to 
whole numbers may not be apropriate in all cases. In practical terms it is so 
immaterial I question the need to redo the confirmation. Anyway please put 
together the the confirmation between between Enron Australia Finance Pty. 
Ltd. and RMT. I have copied in Susan (Tax) and Heidi (Finance) to double 
check they are fully aware of this arrangement.    




To: David Minns/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: Sara Shackleton/HOU/ECT@ECT 

Subject: Aquila Australia Weather Confirmation

David,

I have attached a copy of the Confirmation that we sent to Aquila. They have 
read it and returned a signed copy to me. Please let me know if you think 
this document is acceptable. If it is I will go ahead and put together the 
Transaction between RMT and Australia. If we need to make any changes, I will 
send a revised copy to Aquila and then do the back to back transaction.

Thank you,

Jarrod Cyprow (713) 853-5700