Melissa:

I just got this but have not reviewed.  Last night we only discussed the 
collar.  You could look at their regular swap and compare it to the January 
swap (for form).  I have meetings this afternnoon but will get back to you as 
soon as I can.

Thanks for the spark spread draft which I will also review.

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 04/24/2001 01:32 PM -----

	"Forte, Michael" <FORTEM@coned.com>
	04/24/2001 01:22 PM
		 
		 To: "'Michael Brown'" <Michael.Brown@enron.com>
		 cc: "'Sara.Shackleton@enron.com'" <Sara.Shackleton@enron.com>, "Cray, Brian 
E." <CRAYB@coned.com>
		 Subject: Confirms with Enron


   Michael,

 Attached are our re-drafts of the financial products (collar,
participating swap and swap) that we are contemplating. Note that with
regard to the collar, the Notional Quantity was not put in the chart of the
call and put prices as we discussed, as it was too cumbersome to do so.  It
was set out as a separate line item.  We also provided for copies of certain
notices to be sent notices to be sent to the Con Edison General Counsel.
The draft confirms for the participating swap and the swap also use similar
provisions for Notional Quantity and provide for copies of such notices to
be sent to the Con Edison General Counsel.

>    <<ENA-CE Collar Confirm (4-24PM).doc>>
> <<ENA-CE Partic Swap Confirm (4-24PM).doc>>    <<ENA-CE Swap
> Confirm (4-24PM).doc>>
>
Thank you and have a great day!
Michael






 - ENA-CE Collar Confirm (4-24PM).doc
 - ENA-CE Partic Swap Confirm (4-24PM).doc
 - ENA-CE Swap Confirm (4-24PM).doc