Ok, it looks like we are going with the no deal situation. I will zero out 
the buyback and the sale for the next 2 weeks. Let me know if you want to 
handle it differently.
---------------------- Forwarded by Kenneth Seaman/HOU/ECT on 01/21/2000 
12:05 PM ---------------------------
   
	Enron North America Corp.
	
	From:  Gary W Lamphier                           01/21/2000 11:55 AM
	

To: Kenneth Seaman/HOU/ECT@ECT
cc: Dan J Hyvl/HOU/ECT@ECT, Joanie H Ngo/HOU/ECT@ECT 
Subject: Re: Valero -- Meter 8018  

I have requested a force majeure letter from Valero and they wanted to know 
what exact language should be in this letter.  Dan, can you give me some 
guidance that I can directly forward to Valero.



Kenneth Seaman   01/21/2000 09:17 AM

To: Gary W Lamphier/HOU/ECT@ECT
cc: Daren J Farmer/HOU/ECT@ECT, Joanie H Ngo/HOU/ECT@ECT 
Subject: Valero -- Meter 8018

The plant went down at 0001 hrs this morning. My information is they moved 
their turnaround up and will be down for as long as 3 weeks. Please let us 
know how the economics should be handled---- buyback, force majure, no deal, 
or what.

Thanks 
Ken