For clarification, the BOM Dec Sales to any of the three IOU's should be done 
through the BILATERAL market between EPMI and the Counterparty directly.

Any forward transactions beyond December must be approved by Credit on a 
deal-by-deal basis.

Please direct any questions to me 503-464-8755 (or cell 503-807-5633) or Bill 
Bradford in Houston (713-853-3831).


---------------------- Forwarded by Tracy Ngo/PDX/ECT on 12/15/2000 09:11 AM 
---------------------------


Tracy Ngo
12/14/2000 02:43 PM
To: Tim Belden/HOU/ECT@ECT, Robert Badeer/HOU/ECT@ECT, Mike 
Swerzbin/HOU/ECT@ECT, Michael M Driscoll/PDX/ECT@ECT, Matt 
Motley/PDX/ECT@ECT, Mark Fischer/PDX/ECT@ECT, Tom Alonso/PDX/ECT@ECT, Sean 
Crandall/PDX/ECT@ECT, Diana Scholtes/HOU/ECT@ECT, Jeff Richter/HOU/ECT@ECT, 
John M Forney/HOU/ECT@ECT, Chris H Foster/HOU/ECT@ECT, Chris 
Mallory/PDX/ECT@ECT, Greg Wolfe/HOU/ECT@ECT, Kim Ward/HOU/ECT@ECT, Holli 
Krebs/HOU/ECT@ECT, Paul Choi/SF/ECT@ECT, Stewart Rosman/HOU/ECT@ECT
cc: William S Bradford/HOU/ECT@ECT, Edward Sacks/Corp/Enron@Enron, Wendy 
Conwell/NA/Enron@ENRON, Tom Moran/HOU/ECT@ECT, Veronica Gonzalez/HOU/ECT@ECT, 
Christian Yoder/HOU/ECT@ECT, Shari Stack/HOU/ECT@ECT, Steve C 
Hall/PDX/ECT@ECT 

Subject: Balance of the Month DEC Sales to the 3 California IOU's

Effective today, Credit has approved selling Balance of the Month (BOM) for 
Dec 2000 to any of the three IOU's:  Pacific Gas & Electric Company, Southern 
California Edison Company, and San Diego Gas & Electric Company.

Please keep Credit informed of ALL balance of the month transactions with any 
of these counterparties.

Regards,
Tracy