Brent:

It's a weather question.  Looks like Carol asked Susan or Stephanie to let 
Celeste know if weather trades were possible (she thought it was).  If 
weather is a commodity, I guess it works but you'd probably need to 
inocorporate ISDA terminology and your definitions, etc.  Check the blue file 
- you'll see Carol's email.

Sara Shackleton
Enron North America Corp.
1400 Smith Street, EB 3801a
Houston, Texas  77002
713-853-5620 (phone)
713-646-3490 (fax)
sara.shackleton@enron.com
----- Forwarded by Sara Shackleton/HOU/ECT on 04/26/2001 05:07 PM -----

	Celeste Cisneros/ENRON@enronXgate
	04/26/2001 02:27 PM
		 
		 To: Sara Shackleton/HOU/ECT@ECT
		 cc: 
		 Subject: FW: Sempra

Sara, the weather group is wanting to get Sempra prepared to do weather 
trades, how should we proceed?

 -----Original Message-----
From:  St Clair, Carol  
Sent: Thursday, April 26, 2001 2:23 PM
To: Cisneros, Celeste
Subject: Sempra

Celeste:
I think that we need to execute an ISDA to do weather trades with Sempra as 
the 2/22/96 Agreement appears to only work for commodity trades.  If this 
needs to be pursued further, please have someone contact Sara Shackleton as I 
am moving to the power group.  Thanks.

Carol St. Clair
EB 3889
713-853-3989 (Phone)
713-646-3393 (Fax)
carol.st.clair@enron.com