Mike,

Pursuant to section 8(a) of the Letter Agreement, please be advised that ENA made a payment to General Electric in the amount of $386,342.00 on 10/31/2001 (fed ref # 4378).  Please note ENA has not yet received payment for $48,000 from NorthWestern for the storage invoice submitted 9/28/2001.  For your convenience, I have attached a copy of the storage invoice.

Please feel free to call if you have any questions or concerns.

Regards,

Chris Booth
Enron North America
1400 Smith Street, EB3147c
Houston, Texas 77002
(713) 345-3364 - phone
(713) 646-3037 - fax
chris.booth@enron.com