-----Original Message-----
From: 	Mitchell, David  
Sent:	Wednesday, September 19, 2001 5:57 PM
To:	Deffner, Joseph
Subject:	FW: IM 1&2 DASH

Joe,

The following is the language from the DASH which Ben signed..."acceptable to RAC"

?	A $100 million guaranty by Enron Corporate of EPMI's obligations under the PPA has been put in place.  As a condition to closing the financing for the project, the lender (Clarica Life) has required a MAC provision stating that in the event that Enron's credit rating falls below investment grade, Enron is required to provide alternative means, acceptable to RAC, to cover its guaranty obligation.

 -----Original Message-----
From: 	Pollock, Adam  
Sent:	Wednesday, September 19, 2001 5:51 PM
To:	Mitchell, David
Subject:	IM 1&2 DASH


Here's the dash..let me know if you need anything else.

AP
-------------------------------
Adam Pollock
RAC-Underwriting
ECN2858f
713.345-8763
adam.pollock@enron.com