Donna, 

I am enclosing for your review our response to Southwestern Electric Cooperative, Inc.'s request for proposal dated October 5, 2001.  We appreciate having the opportunity to respond and hope you will find the attached proposal of interest.

We have submitted an offer for Energy with Imbalance Energy and an offer for Full Requirements Service for the June 1, 2004 to May 31, 2009 period.  Additionally, we are prepared to discuss alternative structures with you if so desired.  


If you have any questions, please do not hesitate to contact me at (713) 853-7724.

Sincerely,

Terri Clynes
Director
Enron North America
(713) 853-7724 (phone)
(713) 646-8272 (fax)
terri.clynes@enron.com