FYI

-----Original Message-----
From: daughes@pjm.com [mailto:daughes@pjm.com]
Sent: Tuesday, November 20, 2001 8:43 PM
To: bpitre@enron.com; jhartso@enron.com
Cc: drausl@www1.pjm.com; lynchmr@www1.pjm.com
Subject: NOTICE OF PJM OPERATING AGREEMENT BREACH - November 20th
PAYMENT TO PJM IS OVERDUE
Importance: High


> This is your formal notice that PJM now considers your company in breach of
> the PJM Operating Agreement for non-payment of your November 7, 2001 PJM
> invoice by 1 p.m. today. In accordance with the current provisions of Section
> 15.1.3 of PJM's Operating Agreement, you have three business days to rectify
> this breach by making full payment to PJM. If this breach is not rectified by
> the end of PJM's business day on Tuesday, November 27, 2001, PJM will declare
> your company in default and terminate your rights to participate at PJM
> committee meetings, to transact business in PJM's markets, and to receive
> transmission service from PJM. Additionally, all PJM Members will receive a
> list tomorrow of companies that did not pay their invoice for October activity
> on the due date.
> 
> If you have any questions regarding this notice or the amount your company
> owes to PJM, please contact Molly Lynch at 610-666-8876 or Lisa Drauschak at
> 610-666-4247.
> 
> Suzanne Daugherty
> Controller