
Date: Mon, 11 Dec 2000 03:26:00 -0800 (PST)
From: janice.moore@enron.com
To: elizabeth.sager@enron.com
Subject: Nuclear diversity swap with Select Energy

This is a Llodra deal to be closed by 12/31, which he sent to me and to Shari
(I think she's travelling today?).  It's supposed to be a physical exchange
of the capacity and output among several NEPOOL nukes in which we and Select
own various % entitlements (Seabrook, Pilgrim, Millstone 2 and 3).  I gather
it's "at par", since there's no real pricing or $ changing hands unless a
party defaults.  We seem to have a unilateral sale and unilateral purchase
agrement w/ Select -- David's counterparty -- don't know whether that will
cause risk problems.  Who should work on this?
Regards,
Janice

EB3861
Assistant General Counsel, Enron North America Corp.
713-853-1794 (Fax:  713-646-4842)
