Sheila:  attached is the markup I am preparing to send to FIMAT Canada.  Some of the redlining reflects ENA's prior agreement with FIMAT USA, Inc.  A few things for you to note and we can chat quickly:

(1)  Par. 5 - will we agree to a fee schedule now or "as agreed to from time to time"?

(2)  Par. 7 - I have requested the interest rate schedule. Alternatively, I have "borrowed" language from the FIMAT USA, Inc. agreement.  Which do you think is best?

(3)  Par. 8 - is the reference to CAD50,000 for speculative accounts alright?  Or will this be simply a hedge account and that particular language is extraneous?

(4)  Par. 14 - will you need to object by phone (or is fax sufficient)?

 


Sara Shackleton
Enron Wholesale Services
1400 Smith Street, EB3801a
Houston, TX  77002
Ph:  (713) 853-5620
Fax: (713) 646-3490