---------------------- Forwarded by Sara Shackleton/HOU/ECT on 05/13/99 05:42 
PM ---------------------------
   
	Enron Capital & Trade Resources Corp.
	
	From:  Marcy A Youngerman                           05/13/99 04:48 PM
	

To: Sara Shackleton/HOU/ECT@ECT
cc:  
Subject: Re: NY State Gas & Electric  

Great  - Thanks for the update.




Sara Shackleton
05/13/99 02:06 PM
To: Marcy A Youngerman/HOU/ECT@ECT
cc:  
Subject: NY State Gas & Electric

Just got off the phone with the lawyer.  We have only minor comments and he 
needs to check with his credit people regarding the collateral threshold.  I 
will wait to hear back before sending out a revision.  Sara