Dan -- Would you review the pricing changes in the attached doc.  Do you have 
any suggestions?  Does this cover what you and Jeff described?  Thanks -- 
David




   
	Enron Capital & Trade Resources Corp.
	
	From:  Dan J Hyvl                           07/29/99 12:00 PM
	

To: David L Fairley/HOU/ECT@ECT
cc:  
Subject: Re: SMC Confirmation Letter  

David,
 As we discussed, the Note provision of the Contract Price section of the 
confirm should be deleted.  Since the $3MM is to be paid for all events 
except for a default by SMC under this confirm or under the confirm for 
theexisting FPL base load, it would make the document clearer to restate the 
commodity price without the $0.0126 per MMBtu consideration and add a demand 
charge provision to cover the payment of such $0.0126 per MMBtu times the DCQ 
times the days in the month, excluding any default by Seller regarding the 
sale of volumes destined for delivery to FPL.
 


   
	Enron Capital & Trade Resources Corp.
	
	From:  David L Fairley                           07/29/99 09:47 AM
	

To: Dan J Hyvl/HOU/ECT@ECT
cc:  
Subject: SMC Confirmation Letter

Dan -- What do you think about these changes?  Thanks -- David