---------------------- Forwarded by Rob G Gay/NA/Enron on 02/21/2001 05:18 AM 
---------------------------


Jose Bestard@ENRON_DEVELOPMENT
02/20/2001 04:01 PM
To: jgardine@skadden.com, Michelle 
Blaine/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Cuiaba LT
cc:  

Subject: Tanslation of Furnas letter

See the translation of Furnas  response of Feb 8.

1) They are not signing the Consent.

2)  Questions the FM claim

3) Raises the need to come up with tariff for a period not initially 
contemplated in the Contract (This needs to be done irrespective of the 
Consent issue)

4) Questions the Economic equilibrium revision if not approved be Aneel 

5) Raises MAE exposure for the project


---------------------- Forwarded by Jose Bestard/ENRON_DEVELOPMENT on 
02/20/2001 03:50 PM ---------------------------


"MLN - Mila Leite Nascimento" <Mln@tozzini.com.br> on 02/20/2001 12:59:44 PM
To: <john.novak@enron.com>, <Jose.Bestard@enron.com>
cc: "CEB - Cl?udia Bonelli" <CEB@tozzini.com.br> 

Subject: Dear Sirs,


Dear Sirs,

As requested, please find attached the translation of the letter received by 
Mr. Laine Powell from Furnas on February 8, 2001, which refers to the EPE 
letter of January 29, 2001.
If you need any clarification, please contact us.

Best Regards,

Mila L. Nascimento

 - FURNLET.DOC