
Date: Fri, 6 Jul 2001 04:33:00 -0700 (PDT)
From: aleck.dadson@enron.com
To: richard.shapiro@enron.com
Subject: Re: Draft of Lay letters to Harris and Wilson

The material re the hedge proposal has gone to Milnthorp and will go from Rob
to Lavorato presumably today.  Our expectation is that there will be some
discussion about the term sheet, prices, and letter early next week.  I would
suggest that we get the Lay letters out early next week, without the
reference to the hedge, because I suspect that the resolution of the hedging
issue  by Lavorato , at al. etc. (particularly with respect to pricing)  will
take another week.  I would rather not have that process further delay
sending Lay's letters to Harris and Wilson.



