Sara Shackleton
Enron North America Corp.
1400 Smith Street, EB 3801a
Houston, Texas  77002
713-853-5620 (phone)
713-646-3490 (fax)
sara.shackleton@enron.com
----- Forwarded by Sara Shackleton/HOU/ECT on 06/07/2001 06:11 PM -----

	Susan Bailey
	06/06/2001 01:26 PM
		 
		 To: Sara Shackleton/HOU/ECT@ECT, Mary Cook/HOU/ECT@ECT
		 cc: 
		 Subject: MEGA Assignment

Ladies,

I do not which of you will be handling the Merchant Energy Group of the 
Americas ("MEGA") consents for financial trading.

So I am forwarding Carol's message to each of you.  As mentioned in my email 
of 6/5, Carol is handling the EPMI consents with MEGA.

Thanks.

Cordially,
Susan S. Bailey
Enron North America Corp.
1400 Smith Street, Suite 3806A
Houston, Texas 77002
Phone: (713) 853-4737
Fax: (713) 646-3490
E:mail:  Susan.Bailey@enron.com
----- Forwarded by Susan Bailey/HOU/ECT on 06/06/2001 01:23 PM -----

	Carol St Clair
	06/06/2001 11:40 AM
		 
		 To: Rhonda L Denton/HOU/ECT@ECT
		 cc: Christian Yoder/Enron@EnronXGate, Susan Bailey/HOU/ECT@ECT, Tracy 
Ngo/Enron@EnronXGate, Wendy Conwell/Enron@EnronXGate
		 Subject: MEGA Assignment

Rhonda:
Enclosed is a new revised draft of the MEGA Consent marked against the draft 
that they sent to us.  Here is what we have decided to do:

1. As a condition to our execution of this Consent, we will execute an 
amendment to the existing Master with Morgan to (a) insert collateral 
provisions and (b) clean up some of the defined terms in the MEGA confirms.  
I will draft the amendment and Christian will help you and Melissa develop 
the language for the amendment that deals with the confirm clean-up.

2. We need to know from MEGA and Morgan what the transfer effective date is 
that establishes the cutoff date for these trades as between ourselves and 
each of Morgan and MEGA.  My revised draft of the Consent makes it clearer 
how this cutoff date works.

3. We need a contact from Morgan that we can send the form of amendment to.

Call me if you have any questions.



Carol St. Clair
EB 3889
713-853-3989 (Phone)
713-646-3393 (Fax)
carol.st.clair@enron.com