We should discuss this.

 -----Original Message-----
From:  Bradford, William S.  
Sent: Friday, May 04, 2001 6:39 PM
To: Tribolet, Michael
Subject: FW: DWR Again

CDWR is still trying to buy from Enron.  What is your view on the current 
regulatory status and its impact on DWR credit quality?

Let's discuss.

 -----Original Message-----
From:  Ngo, Tracy  
Sent: Friday, May 04, 2001 12:31 PM
To: Bradford, William S.
Subject: FW: DWR Again



 -----Original Message-----
From:  Calger, Christopher  
Sent: Friday, May 04, 2001 10:07 AM
To: Ngo, Tracy; Yoder, Christian; Sager, Elizabeth; Dasovich, Jeff
Cc: Belden, Tim; Kitchen, Louise; Haedicke, Mark
Subject: DWR Again

We have another opportunity to sell to DWR.  I have been in discussions with 
Ray Hart of DWR and Ron Nichols, their consultant. We are closing in on a 
structure that has less upfront risk for Enron with a larger overall short 
position in the back.  They want to move to contract negotiations next week.  
I would appreciate your input.  I will arrange a conference call with the 
legal and credit teams for Monday to review the status of our EEI contract 
and the requirements for this potential deal.  Notional terms:

NP-15
Peak

Q301:  100MW
Q401:  100MW
Q102:  150MW
Q202:  200MW
Q302:  250MW
Q402:  300MW
1/03-12/06: 300MW

approx 6MM PV MWhrs
price: $85/MWh