
Date: Tue, 15 May 2001 03:59:00 -0700 (PDT)
From: kay.mann@enron.com
To: elizabeth.sager@enron.com, jeffrey.hodge@enron.com, barbara.gray@enron.com
Subject: first cut at responses to Navigant questions on NiMO proposal

Due to the size of this possible transaction, I thought I would keep you in
the loop on its status.

We submitted a bid with caveats as to its non-binding nature, and suggested
an alternative structure.  In response, Navigant issued questions. John
Llodra has compiled answers, which appear to be fine to me.

We  (Legal) have been instructed to standby, awaiting commercial guidance as
to whether we will be going forward.  I believe Klauberg has either cleared
conflicts or initiated the process, so if we go forward, he should be our man.

I will let you know once a go/no go decision is reached.


Kay
