Debbie,

Below is the termination payment as calculated by the Structuring group.  
This is the amount we should use when notifying Cage of their payment owed 
ENA.  I think we should send a letter out to them with the amount owed to 
ENA.  I do not know if it is necessary to mention the draw on the L/C, which 
we have received.

Thanks

Russell




---------------------- Forwarded by Russell Diamond/HOU/ECT on 06/30/2000 
10:16 AM ---------------------------
   
	Enron North America Corp.
	
	From:  Eric Moon                           06/30/2000 09:29 AM
	

To: Russell Diamond/HOU/ECT@ECT
cc:  
Subject: 

Russell,

The costs for the Cage Gas Transaction are outlined below:


June 16, 2000 - June 19, 2000  = $9,537
June 20, 2000 = $2,272
June 21, 2000 - June 30, 2000 = $21,255
July 1, 2000 - End of Deals = $735,696
---------------------------------------------------------

TOTAL COST  =  $768,761


edm