Mark,

Powerex agreed to execute our GTC - as written - for our deal. They would  
prefer to put in their suggested changes for any future deal (prior to the 
execution of an enabling agreemente). 

Please advise on whether or not their suggested changes are acceptable.

Regards,

Bill
---------------------- Forwarded by Bill Greenizan/CAL/ECT on 09/22/2000 
05:09 PM ---------------------------


Greg Johnston
09/12/2000 05:08 PM
To: Mark Taylor/HOU/ECT@ECT
cc: Bill Greenizan/CAL/ECT@ECT 
Subject: FW: Enron Annex A

Mark, can you have a look at the proposed changes suggested by Powerex below 
to our Canadian form of financial trading GTC and contact Bill Greenizan of 
the Calgary office to let him know whether the proposed changes are 
acceptable or not?  I think they have done the swap already and need to paper 
it.

Thanks

Greg
---------------------- Forwarded by Greg Johnston/CAL/ECT on 09/12/2000 05:05 
PM ---------------------------


Bill Greenizan
09/12/2000 12:58 PM
To: Greg Johnston/CAL/ECT@ECT
cc:  
Subject: FW: Enron Annex A


Greg,

Prior to doing the one-year trade with Powerex I forwarded the traders over 
there a copy of our GTC (identical to the Duke contract).

The traders got the following feedback from their legal / contracts people. 
Their main concern is the language in section VII.

Let me know if you have any comments and what changes (if any) we should make 
when we send Powerex the confirmation for the Cal 2001 contract.

Thanks

BIll
---------------------- Forwarded by Bill Greenizan/CAL/ECT on 09/12/2000 
12:54 PM ---------------------------


"Kurschner, Renata" <Renata.Kurschner@BCHydro.bc.ca> on 09/12/2000 12:51:49 PM
To: "'bill.greenizan@enron.com'" <bill.greenizan@enron.com>
cc:  
Subject: FW: Enron Annex A


Bill: changes to GTC as discussed.
Renata

> ----------
> From:  Lum, King
> Sent:  Tuesday, September 12, 2000 11:49 AM
> To:  Kurschner, Renata
> Subject:  Enron Annex A
>
> Suggest adding clause 8. Disputes.  Notwithstanding either party's right
> to determine prices, gains, losses, costs, and other monetary amounts, any
> unresolved disputes between the parties regarding such determination shall
> be referred to binding arbitration under the Commercial Arbitration Centre
> rules of Alberta (don't know if this is the correct reference?) upon 10
> days written notice by either party.
>
> Delete the last 5 and half lines of clause 7 right after the closing
> bracket.
>
> Let me know if this works for them.
> _________________________________________
> King M. Lum                                  Powerex
> Director, Contracts                         Suite 1400 - 666 Burrard St.
> Phone: (604) 891-5062                    Vancouver, BC
> Fax: (604) 891-5015                        Canada,  V6C  2X8
> email: king.lum@powerex.com
>