Re: Draft DASH for CMP Standard Offer Deal ,
 Guys, do we have enough VAR to bring this position into the book?  If over 
$5M in total exposure it has to go to Frevert/Whalley.  

John, I assume that you have gone through the transaction and have approved.

Regards
Delainey
---------------------- Forwarded by David W Delainey/HOU/ECT on 02/01/2001 
12:20 PM ---------------------------


Janice R Moore
02/01/2001 09:06 AM
To: Janet R Dietrich/HOU/ECT@ECT
cc: Berney C Aucoin/HOU/ECT@ECT, Daniel Allegretti/NA/Enron@Enron, David 
Gorte/HOU/ECT@ECT, David V Porter/PDX/ECT@ECT, David W Delainey/HOU/ECT@ECT, 
Elizabeth Sager/HOU/ECT@ECT, Frank Hayden/Corp/Enron@Enron, George 
Wood/Corp/Enron@Enron, Jeffery Ader/HOU/ECT@ECT, Jim Meyn/NA/Enron@Enron, 
John J Lavorato/Enron@EnronXGate, John Llodra/Corp/Enron@ENRON, Kevin M 
Presto/HOU/ECT@ECT, LaCrecia Davenport/Corp/Enron@Enron, Mark Dana 
Davis/HOU/ECT@ECT, Mark E Haedicke/HOU/ECT@ECT, Richard 
Shapiro/NA/Enron@Enron, Rick Buy/HOU/ECT@ECT, Tracy Ngo/PDX/ECT@ECT, Zachary 
Sampson/NA/Enron@ENRON, Janette Elbertson/HOU/ECT@ECT 
Subject: Re: Draft DASH for CMP Standard Offer Deal  

And here's the risk memo on this deal.  Still in draft form and based on the 
state of play at the moment.  

Regards,
Janice

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



	Janet R Dietrich
	01/31/2001 04:34 PM
		 
		 To: John Llodra/Corp/Enron@ENRON
		 cc: Jeffery Ader/HOU/ECT@ECT, George Wood/Corp/Enron@Enron, Kevin M 
Presto/HOU/ECT@ECT, Mark Dana Davis/HOU/ECT@ECT, Berney C Aucoin/HOU/ECT@ECT, 
Jim Meyn/NA/Enron@Enron, Richard Shapiro/NA/Enron@Enron, Daniel 
Allegretti/NA/Enron@Enron, David W Delainey/HOU/ECT@ECT, John J 
Lavorato/Corp/Enron, David V Porter/PDX/ECT@ECT, Rick Buy/HOU/ECT@ECT, David 
Gorte/HOU/ECT@ECT, Janice R Moore/HOU/ECT@ECT, Mark E Haedicke/HOU/ECT@ECT, 
Elizabeth Sager/HOU/ECT@ECT, Frank Hayden/Corp/Enron@Enron, LaCrecia 
Davenport/Corp/Enron@Enron, Zachary Sampson/NA/Enron@ENRON, Tracy 
Ngo/PDX/ECT@ECT
		 Subject: Draft DASH for CMP Standard Offer Deal

John, thanks for the update. I sat down with John Lavorato and Dana Davis 
this morning to review the deal and get John's approval under the current 
terms. He has approved the deal in it's current form however, to the extent 
that we have any material change in the terms I'll need to be sure he's OK 
with the changes in advance of any binding committment with Central Maine. 
This is definitely a deal we want to do and given the anticipated 
acceleration in the negotiations and possible execution, we need to be sure 
that we're able to react and transact quickly. Dana Davis is obviously on 
point for all pricing. For all others who have involvement here - please 
ensure that you're on board with your piece of the deal as is, and available 
to focus on any negotiated changes that may come up over the next couple of 
days. Berney Aucoin will be on point for coordinating and managing all 
internal pricing, approvals, etc., so be sure that Bernie can get ahold of 
you if he needs to.  

Also, for the DASH signatures, why don't you move both Kevin and I to 
"Regional Management" and let Ader and Davis sign for Origination and 
Trading. 

Thanks and good luck! 
---------------------- Forwarded by Janet R Dietrich/HOU/ECT on 01/31/2001 
03:51 PM ---------------------------


John Llodra@ENRON
01/31/2001 11:50 AM
To: Jeffery Ader/HOU/ECT@ECT, George Wood/Corp/Enron@Enron, Kevin M 
Presto/HOU/ECT@ECT, Mark Dana Davis/HOU/ECT@ECT, Berney C Aucoin/HOU/ECT@ECT, 
Jim Meyn/NA/Enron@Enron, Richard Shapiro/NA/Enron@Enron, Daniel 
Allegretti/NA/Enron@Enron, David W Delainey/HOU/ECT@ECT, John J 
Lavorato/Corp/Enron, Janet R Dietrich/HOU/ECT@ECT, David Port/Market 
Risk/Corp/Enron@ENRON, Rick Buy/HOU/ECT@ECT, David Gorte/HOU/ECT@ECT, Janice 
R Moore/HOU/ECT@ECT, Mark E Haedicke/HOU/ECT@ECT, Elizabeth 
Sager/HOU/ECT@ECT, Frank Hayden/Corp/Enron@Enron, LaCrecia 
Davenport/Corp/Enron@Enron, Zachary Sampson/NA/Enron@ENRON, Tracy 
Ngo/PDX/ECT@ECT
cc:  
Subject: Draft DASH for CMP Standard Offer Deal

All:

As some of you may be aware, we are in the process of negotiating with 
Central Maine Power Company regarding the assumption of a portion of their 
wholesale obligations associated with their Standard Offer Service load in 
the State of Maine, covering at least March 1, 2001 - Feb 28, 2002.   We are 
currently in the process of negotiating a contract and transaction terms.  
They are simultaneously discussing same with other suppliers.  At this point, 
there are a number of outstanding items (including numerous contract items 
and credit arrangements).  However, we expect that the pace of the 
negotiation process will be very quick over the next 1-3 days.   As an 
example of how quickly things might move, CMP has indicated that the Maine 
PUC is poised to hold deliberations and approve CMP's signing of a contract 
within 24 hours of CMP/Enron agreement on contract terms (with updated firm 
pricing to be supplied just prior to PUC deliberations and held open for 
about 2-3 hours).

Key members of our negotiating team on this deal are as follows:

Origination/Marketing:  John Llodra, George Wood
Legal:  Janice Moore
Regulatory/Governmental:  Daniel Allegretti
Commodity Structuring:  Jim Meyn, Zach Sampson
Credit:  Edward Sacks, Tracy Ngo

Attached below is a draft of the DASH for this prospective deal.  Items 
subject to change or still under negotiation are noted.   While this DASH is 
prepared assuming we obtain a multi-year extension swaption, there is a 
chance it may end up being a single year deal for the period Mar 1, 01- Feb 
28, 02.   My intent in sending the DASH at this time is to familiarize you 
all with the aspects of the deal at this point in time, to enable us to move 
quickly to get internal approvals in the event we reach final agreement with 
CMP over the next couple of days.  Once agreement is reached with CMP on 
outstanding items, a revised DASH will be circulated.  Please feel free to 
call me at 978-449-9936, or Jim Meyn/Berney Aucoin in structuring (5-3223, 
3-4784) if you have any questions on the commercial structure or valuation to 
date.  Thanks.

Regards
John
john.lavorato@enron.com, janet.dietrich@enron.com, kevin.presto@enron.com