Due to the size of this possible transaction, I thought I would keep you in 
the loop on its status.

We submitted a bid with caveats as to its non-binding nature, and suggested 
an alternative structure.  In response, Navigant issued questions. John 
Llodra has compiled answers, which appear to be fine to me.

 We  (Legal) have been instructed to standby, awaiting commercial guidance as 
to whether we will be going forward.  I believe Klauberg has either cleared 
conflicts or initiated the process, so if we go forward, he should be our man.

I will let you know once a go/no go decision is reached.


Kay
---------------------- Forwarded by Kay Mann/Corp/Enron on 05/15/2001 10:53 
AM ---------------------------


John Llodra
05/15/2001 10:44 AM
To: Mark Dana Davis/HOU/ECT@ECT, Kevin M Presto/HOU/ECT@ECT, W David 
Duran/HOU/ECT, Tom May/Corp/Enron@Enron, Lloyd Will/HOU/ECT@ECT, Jim 
Meyn/NA/Enron@Enron, Nick Hiemstra/HOU/ECT@ECT, Kay Mann/Corp/Enron@Enron, 
Howard Fromer/NA/Enron@Enron, Edward Sacks/Corp/Enron, Paul Radous/Corp/Enron
cc:  

Subject: first cut at responses to Navigant questions on NiMO proposal

see attached first draft of responses.  please get me any comments by COB 
today as i need to submit by 10 AM tomorrow.  Paul/ed - please look at my 
response relating to credit terms to make sure you're OK with this.  thanks

John