Ted -- see minor changes on the attached.
Try to get them to agree to Texas law.  (Might help to point out that our 
interconnect agreement with Calpine as well as any transport agreement will 
be governed by Texas law.)
Thanks,
Susan






Ted Chavez
11/14/2000 01:34 PM
To: Susan Scott/ET&S/Enron@ENRON
cc:  

Subject: DRAFT Calpine Guarantee

Susan,

 Please review the attached and make any necessary changes.

Thanks,
Ted
x-37952


---------------------- Forwarded by Ted Chavez/GPGFIN/Enron on 11/14/2000 
01:21 PM ---------------------------


Michael Thomas <MichaelT@calpine.com> on 11/14/2000 12:32:56 PM
To: "'ted.chavez@enron.com'" <ted.chavez@enron.com>
cc: Gary Eames <geames@calpine.com>, Lisa Reichel <lreichel@calpine.com> 

Subject: DRAFT Calpine Guarantee


Ted,

Attached for your review is a DRAFT guarantee from Calpine Corporation for
interruptible transportation service between Transwestern Pipeline Co. and
Calpine Energy Services, L.P.

Can you forward me confirmation of the stand-alone credit ratings of
Transwestern Pipeline Co?

Please let me know if you have any comments or questions.

Thanks,
Michael
ph: 408-792-1107

 <<GUARANTEEtranswesternpipeline.doc>>

 - GUARANTEEtranswesternpipeline.doc