Problem: BODY: Hi, Andrea! Attached are updated power trading forms currently in use by ENA. I thought these may be useful. I have forwarded these already to Sami. Let me know if I can be of any assistance or if you have a recent English translation of a current deal. Regards. Sara
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A: SUBJECT: Revised U.S. Wholesale Power Bilateral Master Agreement

Problem: BODY: Robert: Susan Flynn told me that your client is objecting to the deletion of the first part of the first sentence in the "Setoff" language. I just wanted to explain why we are requesting this change. In reviewing our forms during the latter part of 1999, we made a number of changes to both our ISDA Schedule and CSA. One of these changes was the deletion of the preamble language contained in the setoff provision. We concluded that the phrase "Without affecting ...., all payments will be made without setoff ...;provided, however," actually negated the effect of setoff which we WANT to occur UPON THE DESIGNATION OR THE DEEMED DESIGNATION of an Early Termination Date. What purpose do you think the phrase serves if left in the setoff provision? Please feel free to give me a call at 713/853-5620. Thanks. Sara
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A: SUBJECT: Assignmemt/Amendment

Problem: BODY: Hi Joe, I received Mike Richards' comments. Other than word changes which he and I had discussed there are three changes that I need to discuss with you: (1) an agreement between the parties to work in good faith to resolve the pre-bankruptcy storage fees and file for bankruptcy approval within 30 days (don't worry about the bankruptcy angle, just the business side); (2) instead of "as is" language, no warranty as to fitness for intended use, ordinary use or a particular purpose; and (3) potential offset with other post-petition costs. Give me a call-5-3910. Shemin
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A:
SUBJECT: Mike Richards' comments