Subject: Fwd: RE: Hub LLC Agreement
From: [email-masked]
To: [email-masked]
Date: Tue, 20 Jun 2000 07:41:00 -0700 (PDT)

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Subject: RE: Hub LLC Agreement
Date: Thu, 25 May 2000 14:35:26 -0500
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In discussing the signing of Amendment #1 with Greg Penman, a couple more
changes were made to the document.  As reflected in the attached marked
draft, the signatories for each member have been changed, and a missing
quotation mark has been added.  Per my discussion with Greg, Peoples MW will
sign two copies and leave them with EMW in the Chicago office this
afternoon.

 <<LLC Amend#1 4v3 MRK.doc>>

> ----------
> From:  Nassos, John G.
> Sent:  Thursday, May 25, 2000 10:44 AM
> To:  'Tucker, David - B&P'
> Cc:  [email-masked]; [email-masked];
> [email-masked]; [email-masked]; [email-masked];
> [email-masked]; Klyasheff, Mary P.; Dobson, Richard E.; Rodriguez, Roy;
> Halfin, Simon B.; Hermann, Timothy J.; Morrow, William
> Subject:  RE: Hub LLC Agreement
>
> I agree with your comment.  Attached is a revised draft, version 3, which
> has one change to the "Now Therefore" line to emphasize the present tense.
> A marked and clean version are attached.
>
> Assuming there are no further comments, I ask that someone at Enron give
> me a call to coordinate signing this amendment by fax today with a hard
> copy followup by overnight mail.  Telephone is (312) 240-4413.  Fax is
> (312) 240-4486.  Thank you.
>
> <<File: LLC Amend#1 3v1 MRK.doc>><<File: LLC Amend#1 v3.doc>>
>
>  ----------
>  From:  David Tucker[SMTP:[email-masked]]
>  Sent:  Thursday, May 25, 2000 10:07 AM
>  To:  [email-masked]
>  Cc:  [email-masked]; [email-masked];
> [email-masked]; [email-masked]; [email-masked];
> [email-masked]; [email-masked]; [email-masked];
> [email-masked]; [email-masked]; [email-masked];
> [email-masked]
>  Subject:  Re: Hub LLC Agreement
>
>  <<File: #1125605 v2 - AMENDMENT TO LLC AGREEMENT.doc>>
>  Thanks for your email.
>
>  Cle and I have only one comment on the LLC Agreement amendment that
> we need to get signed up today:  the phrase "on or prior to the date that
> the Member's election is made" should be appended to the new language.
>
>  For your convenience, I have attached a new copy of the amendment
> agreement which incorporates the phrase.
>
>  By carbon of this email, I am forwarding this draft to the relevant
> persons at Enron who need to sign off on the agreement.  I will contact
> you immediately if any further changes are required.  In the meantime,
> please let me know if our proposed change "works."
>
>  Thanks!  DT
>
>  David A. Tucker
>  Bracewell & Patterson, L.L.P.
>  Pennzoil Place, South Tower
>  711 Louisiana
>  Houston, Texas 77002
>  Phone:  (713) 221-1414
>  Fax:  (713) 221-1212
>  Email:   [email-masked]
>
>  >>> <[email-masked]> 05/23/00 01:11PM >>>
>  Attached for contemporaneous review and comment by Peoples and Enron
> is a
>  draft amendment to the Midwest Energy Hub limited liablity company
>  agreement.  The amendment is needed because under Section 11.1(viii)
> the LLC
>  is to automatically dissolve on this Friday, May 26, if Risk
> Guidelines are
>  not approved by the LLC Board of Managers.  Although such approval
> is not
>  anticipated to take place by then, I assume both members of the LLC
> do not
>  want to dissolve the company.
>
>  Rather than simply extend the May 26 date for an extra 30 days,
> which could
>  result in yet another amendment if that deadline is missed, the
> attached
>  draft amendment proposes to make dissolution optional at the
> election of
>  either member in is sole discretion after such date.
>
>  Please call or e-mail with questions or comments by 5:00 pm
> Wednesday, May
>  24, to allow adequate time to make any changes and still sign the
> amendment
>  on Thursday.
>
>  John Nassos
>  (312) 240-4413
>
>   <<LLC Amend#1.doc>>
>
>
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 - LLC Amend#1 4v3 MRK.doc