We are not to discuss credit issues with any counterparties.

 -----Original Message-----
From: 	Braddock, Billy  
Sent:	Monday, October 29, 2001 11:25 AM
To:	Presto, Kevin M.
Subject:	Southern Co.

Just spoke to one of their traders.  Their credit is (as are all of our counterparties) conducting a credit review.  As of this morning, they are not putting on any trading restrictions with us.  They have discussed implementing a netting agreement, but we have responded that we will not, especially without updating the current enabling agreement with a EEI (which they are opposed to).

Keep you posted.

Billy Braddock
Manager - Enron Power Marketing Inc.
713-345-7877 (work)
713-646-4940 (fax)
713-503-2166 (cell)