Sara:

I am looking at a transaction with MErchant Energy Group.  We have an ISDA 
with them.  It is a financial tolling deal where we will be a fixed price 
payor for power and gas and we will pay them an option premium.  They 
forwarded the attached pro forma to illustrate how the deal would be 
papered.  Can you please review the attached and let me know if it looks OK 
or what changes are required?  They indicated an interest to transact late 
this week or early next.

C
---------------------- Forwarded by Chris H Foster/HOU/ECT on 04/23/2001 
04:31 PM ---------------------------
   
	Enron Capital & Trade Resources Corp.
	
	From:  "Brock, Travis" <BrockT@merchantenergy.com>                           
04/23/2001 02:30 PM
	

To: "Chris Foster (E-mail)" <chris.h.foster@enron.com>
cc:  
Subject: Confimation Template


Attached is a sample confirmation template for 100 MW's Sep01-Nov01.  We can
use this as a starting point.

 <<Swap Confirm Template.doc>>




Travis J. Brock
Merchant Energy Group of the Americas
brockt@merchantenergy.com
Phone: (410) 295-1734
Fax: (410) 295-1705


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AND/OR CONFIDENTIAL INFORMATION intended only for the use of the addressee.
If you are not the addressee, or the person responsible for delivering it to
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 - Swap Confirm Template.doc
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