Message-ID: <24626948.1075845915877.JavaMail.evans@thyme>
Date: Mon, 26 Feb 2001 09:56:00 -0800 (PST)
From: fred.mitro@enron.com
To: stephen.thome@enron.com
Subject: Panda Energy
Cc: ben.jacoby@enron.com, christopher.calger@enron.com, kay.mann@enron.com, 
	chris.booth@enron.com, kathleen.carnahan@enron.com
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X-From: Fred Mitro
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Steve:

I talked with Ben this afternoon and understand that we are ready to proceed 
with Panda Energy in a transaction involving the sale of member interests in 
special purpose entities associated with the four(4) LV units.  I have left a 
message with Panda letting them know that we are prepared to proceed and will 
begin preparing a set of draft definitive agreements for their review.  I 
have asked Panda to confirm that they are ready to receive these documents 
and proceed.  I understand that you are in Houston.  Please call/see me 
tomorrow morning so that we can discuss this transaction.

Kay:  We need to prepare a draft set of definitive agreements for this 
transaction.  Can Carolyn complete this while you are in New York?  Also, 
what is the status of the LM Breakout contract for the 4 LV units.  Let me 
know.

Kathleen:  We need to confirm tomorrow morning that we have received executed 
CA's from Panda.  I have the CA execution originals for the four Panda 
entities at my desk for Ben's signature.  These need to be received prior to 
sending Panda the definitive agreements.  We will fax signature pages to Ben 
tomorrow.

Chris:  See me tomorrow morning to discuss the technical spec's that were 
sent to Panda

I will be at my desk by 8 am tomorrow morning.

Thanks,
Fred
x35406