---------------------- Forwarded by Tana Jones/HOU/ECT on 12/20/99 12:52 PM 
---------------------------


Leslie Hansen
12/20/99 11:15 AM
To: Frank L Davis/HOU/ECT@ECT, David Forster/LON/ECT@ECT, Bob 
Shults/HOU/ECT@ECT
cc: Edmund Cooper/LON/ECT@ECT, Tana Jones/HOU/ECT@ECT, Elizabeth 
Sager/HOU/ECT@ECT 
Subject: F/U re European power trading by U.S. counterparties

I have spoken with Edmund Cooper to follow up regarding access to European 
power products by U.S. counterparties.  Edmund and Justin Boyd have discussed 
the issue and determined that they would like to follow an approach similar 
to our approach for U.S. power products.  U.S. counterparties should be 
granted read-only access to European power products.  If a specific U.S. 
counterparty wants to trade European power products, the request for access 
can be examined on a case-by-case basis.

Leslie