It is confusing.  Let's discuss upon my return to Houston.  Thanks.

 -----Original Message-----
From:  Haedicke, Mark  
Sent: Monday, March 05, 2001 4:21 PM
To: Walls, Rob
Subject: Re: FW: EGPP Purchase Right Agreement

I am confused by this.  Does this mean Cuiaba in South America would be 
covered?  What is the significance if it is?

Mark




	Rob Walls/ENRON@enronXgate 03/02/2001 04:21 PM 	   To: Mark E 
Haedicke/HOU/ECT@ECT  cc:   Subject: FW: EGPP Purchase Right Agreement


 Mark -
 
 Per my voice mail.  Give me a call at your convenience.  Thanks.

 Rob

 -----Original Message-----
From:  Higgason, Kelly  
Sent: Monday, February 26, 2001 3:17 PM
To: Walls, Rob
Subject: EGPP Purchase Right Agreement

Rob:
 As we discussed, the Purchase Right Agreement terminates on January 1, 2005. 
 Therefore, if an Eligible Project commences Commercial Operations before 
January 1, 2005 (or if before January 1, 2005, an Enron Party acquires an 
Ownership Interest in an Eligible Project that has commenced Commercial 
Operations) and Limited Recourse Financial Closing has occurred with respect 
to such Eligible Project, then the Enron Party must offer to sell to EGPP the 
Ownership Interest of such Enron Party in such Eligible Project in accordance 
with the Purchase Right Agreement.

An Eligible Project is any Designated Development Project or Future Project 
in which an Enron Party holds or aquires an Ownership Interest.

A Future Project is any Power Plant or Natural Gas Pipeline (other than the 
Designated Development Projects) that is located within the Territory and on 
which construction has commenced or has been completed, provided that 
pipelines primarily designed to transport liquefied natural gas or natural 
gas liquids are excluded from Future Projects.

The Territory is all geographic areas of the World, excluding areas within 
the boundaries of the United States, Canada and Western Europe.

Please let me know if you need further explanation.  Thanks.

Kelly