---------------------- Forwarded by David W Delainey/HOU/ECT on 02/06/2001 
07:30 PM ---------------------------
   
	Enron North America Corp.
	
	From:  Sherri Sera @ ENRON                           02/06/2001 04:25 PM
	

To: Steven J Kean/NA/Enron@Enron, David W Delainey/HOU/ECT@ECT, John J 
Lavorato/Corp/Enron
cc:  
Subject: URG: Gas Securitization Agreements

I think this is something for you guys...SRS
---------------------- Forwarded by Sherri Sera/Corp/Enron on 02/06/2001 
04:26 PM ---------------------------


"Jauregui, Robert M" <RMJ4@pge.com> on 02/06/2001 03:00:31 PM
To: "'hans@cook-inlet.com'" <hans@cook-inlet.com>, "'prez@cook-inlet.com'"  
<prez@cook-inlet.com>, "'davidyi@cook-inlet.com'"  <davidyi@cook-inlet.com>, 
"'dronn@mayerbrown.com'"  <dronn@mayerbrown.com>, 
"'swidner@coral-energy.com'"  <swidner@coral-energy.com>, 
"'blong@coral-energy.com'"  <blong@coral-energy.com>, 
"'ctise@coral-energy.com'"  <ctise@coral-energy.com>, 
"'jeff.skilling@enron.com'"  <jeff.skilling@enron.com>, 
"'william.s.bradford@enron.com'"  <william.s.bradford@enron.com>, 
"'travis.mccullough@enron.com'"  <travis.mccullough@enron.com>, 
"'ICCEnergy@aol.com'" <ICCEnergy@aol.com>, "'stefkatz@cs.com'" 
<stefkatz@cs.com>, "'msessa@sempratrading.com'"  <msessa@sempratrading.com>, 
"'dfelsinger@sempra.com'"  <dfelsinger@sempra.com>, "'mcosta@stroock.com'" 
<mcosta@stroock.com>, "'jshorter@txuenergy.com'" <jshorter@txuenergy.com>, 
"'mperkins2@txuelectric.com'" <mperkins2@txuelectric.com>, 
"'cenochs@txuenergy.com'" <cenochs@txuenergy.com>, 
"'bjeffrie@westerngas.com'" <bjeffrie@westerngas.com>, 
"'ryanmcgeachie@aec.ca'" <ryanmcgeachie@aec.ca>, "'richarddaniel@aec.ca'"  
<richarddaniel@aec.ca>, "'jones.murphy@williams.com'"  
<jones.murphy@williams.com>, "'randall.o'neal@williams.com'"  
<randall.o'neal@williams.com>, "'kelly.knowlton@williams.com'"  
<kelly.knowlton@williams.com>, "'connie.turner@williams.com'"  
<connie.turner@williams.com>, "'scampbell@txuenergy.com'"  
<scampbell@txuenergy.com>
cc: "'jlopes@hrice.com'" <jlopes@hrice.com>, "'jnexon@hrice.com'"  
<jnexon@hrice.com>, "Buchsbaum, Craig M (Corp)"  
<craig.buchsbaum@pge-corp.com>, "Whelan, Steve (Corp)"  
<steve.whelan@pge-corp.com>, "Lee, Fanny" <FSL1@pge.com>, "Berkovitz, Trista" 
<TxB6@pge.com>, "Clare, David" <DWC3@pge.com>, "Woo, Shirley A (Law)" 
<SAW0@pge.com>, "McLafferty, Daniel"  <MDM8@pge.com>, "Cotroneo, Eileen" 
<EFM2@pge.com>, "'dmao@orrick.com'"  <dmao@orrick.com> 

Subject: URG:  Gas Securitization Agreements


 <<Gas Supplier and Collateral Agency Intercreditor Agreement.DOC>>  <<Gas
Supplier Security Agreement.DOC>>  <<Gas Supplier and Collateral Agency
Intercreditor Agreement.DOC>>  <<Gas Supplier Security Agreement.DOC>>



Attached are revised versions of the gas supplier security agreement and the
intercreditor agreement, marked to show changes against the draft dated
February 2, 2001.

In addition I have included the unmarked versions of these documents for
execution.  Please arrange to have the agreements executed on behalf of your
organization and fax the signature pages to me.  I would appreciate you
sending three executed original signature pages to me by overnight mail; I
will return fully executed counterparts to you.

You will note that we assembled the addresses for notices on Schedule I
based on available information.  Please make any corrections necessary to
this notice section before signing.  Also note that we have limited the
address for notices for each legal entity to one address, and have not
included copies for attorneys and the like. We anticipate that the list of
addresses for notices will grow to be very long and would like to limit the
addresses to which various notices and reports will be sent.  Please be sure
that the person designated to receive notices on behalf of your organization
will be able to forward copies to the other persons who need to receive
them.

Please forward all correspondence to:

Trista Berkovitz
Director, Gas Procurement
Pacific Gas and Electric Company
77 Beale Street, Room 553
San Francisco, CA  94105-1814
415. 973.2152 (bus)
415.973.9213 (fax)

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 - Gas Supplier and Collateral Agency Intercreditor Agreement.DOC
 - Gas Supplier Security Agreement.DOC
 - Gas Supplier and Collateral Agency Intercreditor Agreement.DOC
 - Gas Supplier Security Agreement.DOC