Teresa G. Bushman
Enron North America Corp.
1400 Smith Street, EB 3835A
Houston, TX  77002
(713) 853-7895
fax (713) 646-3393
teresa.g.bushman@enron.com


----- Forwarded by Teresa G Bushman/HOU/ECT on 11/10/2000 02:06 PM -----

	Nora Dobin@ENRON
	11/08/2000 04:38 PM
		 
		 To: Teresa G Bushman/HOU/ECT@ECT
		 cc: Tim Proffitt/HOU/ECT@ECT, Brenda L Funk/HOU/ECT@ECT
		 Subject: Joshua Tree

Teresa, as I mentioned, attached is revised term sheet intended to reflect 
latest commercial changes but subject to legal review.  Please particularly 
consider (with commercial and operational teams as appropriate) Engineering 
(eligibility) Criteria applicable to proposed VPPs, and proposed terms of 
Balancing Agreement, Master Natural Gas Purchase and Sale Agreement, and 
Master Crude Oil Purchase and Sale Agreement.  Of course, any other thoughts 
you have are most welcome.

We are having an internal meeting (global finance, accounting and tax) to 
discuss term sheet at 2:00 PM on Friday, 11/10/00 in EB 2868.  

If you can meet with us on Friday or otherwise give us feedback by Friday 
afternoon, it would help facilitate finalization of term sheet and movement 
to drafting of definitive documents.

Thanks, NJD

Nora J. Dobin
Senior Counsel
Enron Global Finance
Enron Corp.
1400 Smith Street
Houston, Texas  77002

713/345-7723 (phone)
713/853-9252 (fax)
E-mail:  nora.dobin@enron.com

----- Forwarded by Nora Dobin/Corp/Enron on 11/08/2000 04:18 PM -----

	"Robin Miles" <rmiles@bracepatt.com>
	11/08/2000 02:53 PM
		 
		 To: <james.r.allred@bankofamerica.com>, <richard.stein@bankofamerica.com>, 
<stephanie.pendleton@bankofamerica.com>, <nora.dobin@enron.com>, 
<tim.proffitt@enron.com>
		 cc: 
		 Subject: B of A/Phoenix Term Sheet


Attached is a redline and clean version of the term sheet.  Please call me or 
Jim Allred with any questions or comments.

Robin

Mr. Robin J. Miles
Bracewell & Patterson, L.L.P.
711 Louisiana St., Suite 2900
Houston, Texas  77002
Ph:  713-221-1319
Fax: 713-221-2120
E-mail: rmiles@bracepatt.com


 - Phoenix Term Sheet Company Redline.pdf
 - Phoenix Term Sheet.pdf