We have spoken to UAE's Bankers who have informed us that they do not wish for us (and our partner Covanta) to continue into Round 2.   Obviously bad news, but better to be out now rather than after 6 weeks of intensive due diligence.   If you'd like more details on why we fell short, feel free to give me a call.

thanks,
Jeff


Jeffrey M. Bartlett
Director, Enron Americas
713-853-562
jeff.bartlett@enron.com
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