Gregg, 

I have three minor changes to the agreement.  I have attached a red-line 
version reflecting my changes.

Stacy





	Gregg Penman@ENRON
	03/27/2001 09:46 AM
		 
		 To: Stacy E Dickson/HOU/ECT@ECT
		 cc: 
		 Subject: FW: Reimbursement Agreement

One more for the pile.  IDACORP has requested that 100% of the guaranty they 
receive on behalf of enovate to be issued by Peoples.  Peoples has prepared 
the attached reimbursement agreement which would obligate ENA to 50% of any 
payments made by Peoples under their guaranty.  We have issued several of 
these, going both directions.  Jeff is familiar with the concept if you have 
any questions.  Can you please review the reimbursement agreement, and if 
acceptable, prepare execution copies with initials?  This has a lower level 
of priority than the storage deals with Nicor and Coral which begin April 1.  

Any questions or comments, please let me know.

Thanks - Gregg
----- Forwarded by Gregg Penman/Corp/Enron on 03/27/2001 09:39 AM -----

	s.halfin@pecorp.com
	03/21/2001 02:59 PM
		 
		 To: gregg.penman@enron.com
		 cc: 
		 Subject: FW: Reimbursement Agreement




> ----------
> From:  Halfin, Simon B.
> Sent:  Wednesday, March 21, 2001 2:58 PM
> To:  'gregg.pennman@enron.com'
> Cc:  Burns, Jim; Huprikar, Aparna: E-mail; Klyasheff, Mary P.; Dobson,
> Richard E.
> Subject:  Reimbursement Agreement
>
> Gregg:
>
> Attached for your review is a draft Reimbursement Agreement between
> Peoples Energy Corporation and Enron.  This Reimbursement Agreement is in
> connection with the guaranty which Peoples is proposing to provide to
> IDACORP in connection with an underlying enovate transaction.
>
> Please let me know if the form of the Reimbursement Agreement is
> acceptable.
>
> Regards,
>
> Simon Halfin
> (312) 240-4411
>
>  <<Reimbursement Ag. (IDACORP).doc>>
>


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 - Reimbursement Ag. (IDACORP).doc