FYI
---------------------- Forwarded by John L Nowlan/HOU/ECT on 11/03/2000 09:36 
AM ---------------------------


Steven M Elliott
11/03/2000 08:26 AM
To: Stuart Bland/LON/ECT@ECT, John L Nowlan/HOU/ECT@ECT
cc: Adam Metry/Corp/Enron@ENRON 
Subject: styrene (baytank)

I just accepted approx. $250,000.00 settlement from the insurance company to 
cover part of our losses and expenses from the Styrene contamination.  I have 
been assured by the insurance company that this settlement will not hamper 
Enron in going after Baytank for additional funds.

Once I receive the paperwork on the settlement I will forward it on to 
Richard Sanders here at Enron.  The Insurance company has recommended a joint 
lawsuit to try and collect the remaining lost funds.  The insurance company 
will go after Baytank for the $250,000.00 as soon as possible.

We will still have roughly $500,000.00 on the books from last year.