ATTORNEY-CLIENT PRIVILEDGE -- PREPARED FOR FERC SETTLEMENT DISCUSSIONS

Here are my comments -- it looks pretty good.  I was hampered by not knowing 
the objective of the piece.  I made changes to fix inaccuracies or 
inferences.  I also have notes/comments/rationales shown in boldface.



Sue Mara
Enron Corp.
Tel: (415) 782-7802
Fax:(415) 782-7854