Here are my observations:

I'm not certain that an Enron entity will provide a performance guaranty.  I 
agree that the commercial deal is that a portion of the fee will be at risk 
for a performance problem.

Is the reference to the "State" a reference to the DPUC or CRRA?

As far as I know, the CRRA deal is still in the works, with nothing but a 
confidentiality agreement (with an exclusivity provision) signed, and in my 
opinion should not be presented as being a done deal.  

Kay   






"Susan Young" <syoung@bracepatt.com> on 09/27/2000 01:00:40 PM
To: <dan.lyons@enron.com>, <heather.kroll@enron.com>, <kay.mann@enron.com>
cc: "W. Cleland Dade" <cdade@bracepatt.com> 

Subject: FuelCell Talking Points


Attached is a clean and redline version of talking points for today's 
teleconference.  Please call me at (713) 221-1131 with your questions or 
comments.

Thanks.

Scott

 - Discussionpoints.pdf
 - Discussionpointsred.pdf