Attached for your approval is the form of Enron Corp. Guaranty in favor of 
the referenced Counterparty, which guarantees the obligations of ENA under 
an  ISDA Master Agreement.  This Counterparty is an affiliate of the utility 
for the Province of Quebec, Hydro-Quebec.  We will need the standard executed 
copy.

 Per my voicemail, we will need the executed guaranty by Tuesday, October 24, 
2000.  Please let me know if this presents any problem.

 In addition, we will need the following closing documents:  (i) Certificate 
of Incumbency, (ii) certified board resolutions of the Policy for Approval of 
Guarantees (&Policy8), (iii) certificate by the Treasurer or other authorized 
officer certifying coverage of the Guaranty under the Policy, and (iv) 
certified copy of Enron Corp.,s articles of incorporation and bylaws.

 Upon approval and execution, please call me at x33399 to pick up the 
documents.  Thank you for your assistance in this matter.