----- Forwarded by Elizabeth Sager/HOU/ECT on 05/16/2001 08:47 AM -----

	Carlos Alatorre/ENRON@enronXgate
	05/15/2001 06:24 PM
		 
		 To: Elizabeth Sager/HOU/ECT@ECT
		 cc: Harry Arora/ENRON@enronXgate, Robert Stalford/NA/Enron@Enron
		 Subject: Examples of Power Long Descriptions

Elizabeth:
Below you can find examples of Long Descriptions for Phy Power.
Please let me know if you have any questions/comments
Thanks
Carlos


US Pwr Phy Firm  PJM-W Peak              Jul01           USD/MWh
A US Power Transaction with Enron Power Marketing, Inc., under which the 
Seller shall sell and the Buyer shall purchase a quantity of firm energy 
equal to the Hourly Quantity at the Contract Price. The Contract Price shall 
be as submitted by the Counterparty via the Website.
The term of the Transaction shall correspond to the date(s) set forth in the 
Product description on the Website.
The transaction is for delivery or receipt of energy at the PJM Western Hub.
The price is quoted in US Dollars per unit of volume, which will be the 
Contractual Currency.
The unit of measure against which the price is quoted shall be megawatt-hours 
(MWh) and the quantity shown shall be in MW's delivered in each applicable 
hour for the duration of the Transaction (the "Hourly Quantity').
The transaction is for on-peak ("Peak") hours on each Delivery Day beginning 
with the hour ending 0800 (7:00 am) and concluding with the hour ending 2300 
(11:00 pm) Eastern Prevailing Time.  "Delivery Day" means a day during the 
term of the transaction that is a Monday, Tuesday, Wednesday, Thursday, or 
Friday, excluding any day that is a NERC holiday.

US Pwr Phy Firm  PJM-W Peak              Jan-Dec03       USD/MWh
A US Power Transaction with Enron Power Marketing, Inc., under which the 
Seller shall sell and the Buyer shall purchase a quantity of firm energy 
equal to the Hourly Quantity at the Contract Price. The Contract Price shall 
be as submitted by the Counterparty via the Website.
The transaction is for the applicable hours as set forth herein on each 
Delivery Day for the Effective Date 01 Jan 2003 to the Termination Date 31 
Dec 2003.
The transaction is for delivery or receipt of energy at the PJM Western Hub.
The price is quoted in US Dollars per unit of volume, which will be the 
Contractual Currency.
The unit of measure against which the price is quoted shall be megawatt-hours 
(MWh) and the quantity shown shall be in MW's delivered in each applicable 
hour for the duration of the Transaction (the "Hourly Quantity').
The transaction is for on-peak ("Peak") hours on each Delivery Day beginning 
with the hour ending 0800 (7:00 am) and concluding with the hour ending 2300 
(11:00 pm) Eastern Prevailing Time.  "Delivery Day" means a day during the 
term of the transaction that is a Monday, Tuesday, Wednesday, Thursday, or 
Friday, excluding any day that is a NERC holiday.

US Pwr Phy Index PJM-W MWD Peak          Jun01           USD/MWh
A US Power Transaction with Enron Power Marketing, Inc., under which the 
Seller shall sell and the Buyer shall purchase a quantity for firm energy 
equal to the Hourly Quantity at the Contract Price.  The Contract Price shall 
be the Floating Price, as adjusted by the price submitted by the Counterparty 
via the Website.  The period of time during which the Floating Price is 
derived (a "Determination Period") shall be a calendar month during the term 
of the Transaction; provided that, if the term of the Transaction is less 
than one month, such Determination Period shall be the term of the 
Transaction.
The term of the Transaction shall correspond to the date(s) set forth in the 
Product description on the Website.
The transaction is for delivery or receipt of energy at the PJM Western Hub.
The Floating Price during a Determination Period shall be the average of the 
daily prices listed in the Index for power delivered during Peak hours on 
each Delivery Day during the applicable Determination Period.  The Floating 
Price for each Determination Period shall be calculated utilizing the daily 
prices published in Megawatt Daily's Market Report under the headings "Trades 
for Standard 16-Hour Daily Products;Weighted Average Index; PJM-West"  (the 
"Index").
The price is quoted in US Dollars per unit of volume, which will be the 
Contractual Currency.
The unit of measure against which the price is quoted shall be megawatt-hours 
(MWh) and the quantity shown shall be in MW's delivered in each applicable 
hour for the duration of the Transaction (the "Hourly Quantity').
The transaction is for on-peak ("Peak") hours on each Delivery Day beginning 
with the hour ending 0800 (7:00 am) and concluding with the hour ending 2300 
(11:00 pm) Eastern Prevailing Time.  "Delivery Day" means a day during the 
term of the transaction that is a Monday, Tuesday, Wednesday, Thursday, or 
Friday, excluding any day that is a NERC holiday.
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