Subject: Orlando Utilities Commission
From: [email-masked]
To: [email-masked], [email-masked]
Cc: [email-masked]
Date: Mon, 8 Oct 2001 09:29:03 -0700 (PDT)

Sara!

We are ok with eliminating the CSA from the ISDA with Orlando Utilities Commission (OUC).  However, we would like to add an additional termination event, of debt rating change below A for OUC and BBB- for Enron Corp.

Richard!

In the absence of any margin rights, we will be monitoring trading activities with this counterparty more closely and this may result in certain transactions limitations. 

Rudwell
53596.