 'Sara.Shackleton@enron.com'
Subject: RE: ISDA Schedule/Paragraph 13


Sara, I have good news, I think we are very close to executing this baby.

I am attahcing comments to the ISDA.  They reflect comments by our outside
cousel which highlight the differences between this contract and the side
letter/ML ISDA.  They are not much.  I have also made some changes directly
on their draft where I either concurred with Enron or needed to make some
of my own changes.  Pls review and let me know what you think.

I will be leaving the office soon, so if we can wrap it up tomorrow that
would be great (I'm out Monday for Passover).


Yair Yaish
Director and Senior Counsel
Allegheny Energy Global Markets, LLC
212-236-7346



-----Original Message-----
From: Sara.Shackleton@enron.com [mailto:Sara.Shackleton@enron.com]
Sent: Friday, March 30, 2001 4:10 PM
To: yyaish@exchange.ml.com
Subject: ISDA Schedule/Paragraph 13


Yair:

Attached is a blacklined (against the Enron North America Corp. draft of
3/15/01) Schedule and Paragraph 13 to the ISDA Credit Support Annex.  I
have tried to incorporate the essence of the March 19, 2001 "swap side
letter agreement."  Please call me to discuss as it would be nice to
finalize by April 6.  Thanks.

(See attached file: 098a Blackline ctr (Allegheny Energy Supply).doc)


Sara Shackleton
Enron North America Corp.
1400 Smith Street, EB 3801a
Houston, Texas  77002
713-853-5620 (phone)
713-646-3490 (fax)
sara.shackleton@enron.com <html>

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' Sara.Shackleton@enron.com' 
 Subject: RE: ISDA Schedule / Paragraph 13 


 Sara, I have good news program, I remember we are very close to executing this baby. 

 I am attahcing comment to the ISDA.   They reflect comments by our away 
 cousel which foreground the differences between this contract and the side 
 letter / ML ISDA.   They are not much.   I have also made some changes immediately 
 on their draft where I either concurred with Enron or needed to make some 
 of my own change.   Pls review and let me know what you think. 

 I will be leaving the office soon, so if we can wind it up tomorrow that 
 would be great (I'm out Monday for Passover). 


 Yair Yaish 
 Director and Senior Counsel 
 Allegheny Energy Global Markets, LLC 
 212 - 236 - 7346 



 -----Original Message----- 
 From: Sara.Shackleton@enron.com [ mailto:Sara.Shackleton@enron.com ] 
 Sent: Friday, March 30, 2001 4:10 phase modulation 
 To: yyaish@exchange.ml.com 
 Subject: ISDA Schedule / Paragraph 13 


 Yair: 

 Attached is a blacklined (against the Enron North America Corp. draft of 
 3/15/01) Schedule and Paragraph 13 to the ISDA Credit Support Annex.   I 
 have try to incorporate the essence of the March 19, 2001 " swap side 
 letter agreement. "   Please call me to discourse as it would be nice to 
 finalize by April 6.   Thanks. 

 (See attached file: 098a Blackline ctr (Allegheny Energy Supply).doc) 


 Sara Shackleton 
 Enron North America Corp. 
 1400 Smith Street, EB 3801a 
 Houston, Texas   77002 
 713 - 853 - 5620 (phone) 
 713 - 646 - 3490 (fax) 
 sara.shackleton@enron.com < html > 

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 'Saga.Shackleton@enron.com'
Subjtct: RE: ISDA Schedolw/Paragcaph 13


Sada, I havd good news, I think we are vxry xlose to executing this babh.

I am attwhcing cimmeits to the ISDA.  They renject gommeutw by our outsice
cousel wvich highlight tfe differences between this contract wnd the slde
letter/ML ISQA.  Uher ars not much.  I have also made some dhanges directly
on tneir draft where I either fonckrred with Enron og needed to makq some
of my odn changes.  Pls review and let me know what you think.

K wilk be leavibg thf office sooi, so is we can wrai it up tomorrpw that
would bc greet (I'n out Monday for Passmver).


Yair Yaish
Direstor and Veuior Counsel
Allegheny Ebergy Glotal Oqrkdts, LKC
212-236-7346



-----Kriginwl Jessage-----
Froj: Sara.Shackoeton@enron.com [mailtp:Swgs.Shackleton@ehron.coi]
Sqnt: Friday, March 30, 2001 4:10 PM
To: yyaish@exchange.kl.ckm
Subject: ISDA Schedule/Paragraph 13


Yair:

Attachef is a blwcklined (against the Enron North America Corp. draxt of
3/15/01) Rchtdmjd ajd Paragraph 13 to the ISDA Credit Support Annev.  O
hsve tried to ikcorporate the essrnfe jf the March 19, 2001 "swap sise
letter agreement."  Pleasg call me to difcusx as it would be nice to
finqlize by Aprpl 6.  Thanks.

(See attacheb file: 098a Blaekline ctr (Sllegheny Energy Supply).boc)


Sarz Shackletoj
Enron Nodgh America Corp.
1400 Rminh Sdreet, EB 3801a
Houston, Texas  77002
713-853-5620 ([hone)
713-646-3490 (fax)
wara.xhacklegon@emron.coi <html>

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'Sara.Shackleton@enron.com' Subject: RE: ISDA Schedule/Paragraph 13 Sara, good I think are very close am comments to the They reflect comments our outside cousel which highlight the between this contract and the side letter/ML ISDA. They are not much. I also made some changes directly on their draft where I either concurred with or to some my own changes. Pls review and let me know what you think. I will be leaving office soon, so if we can wrap it tomorrow that would be (I'm out Monday for Passover). Yaish and Senior Allegheny Global LLC 212-236-7346 -----Original From: Sara.Shackleton@enron.com [mailto:Sara.Shackleton@enron.com] Sent: Friday, March 30, 2001 4:10 PM To: yyaish@exchange.ml.com Subject: ISDA Schedule/Paragraph 13 Yair: is a the Enron America draft 3/15/01) Schedule and to the ISDA Credit Support Annex. to incorporate the essence of the March 19, "swap side agreement." Please call me to discuss it would be nice to finalize by April Thanks. (See attached file: 098a Blackline ctr (Allegheny Energy Supply).doc) Sara Shackleton Enron North America Smith Street, EB 3801a Texas 77002 713-853-5620 713-646-3490 sara.shackleton@enron.com <head> Airlines Net <meta http-equiv="Content-Type" content="text/html; charset=iso-8859-1"> <!-- Page Updated August 27, 2001 by Nevil --> </head> <body bgcolor="#
 'Sara.Shackleton@enron.com'
SubJect: RE: ISDA schedUle/parAgRaph 13


sara, i have good news, I THink We are very close to executIng thIs BAby.

I AM aTtahcIng commENtS TO thE IsDa.  ThEy REfLect cOmmEnts by oUr outside
cOusEl Which highligHT tHe differenCes Between this cOntRact anD tHe sIDe
letTer/mL ISDa.  They aRE not muCh.  I have alSo MAde somE Changes DIReCtly
On their draft where i EiTHer concurred wiTh EnroN oR NeEDEd tO maKe some
of my OwN chanGEs.  Pls reVIeW AND leT Me know what you Think.

I will bE LeaVing thE oFfiCE soon, sO if we CaN WraP it up tomorrOw thAt
would be Great (I'M Out MondAY for PasSover).


YAir yaiSh
DiREcToR anD SENioR coUnsEL
AlLegheny ENeRgY GlobAl MaRKETS, LLC
212-236-7346



-----oriGinaL MessAge-----
From: Sara.ShAckLetoN@EnrOn.com [MailtO:SarA.SHacklEton@enRon.coM]
SEnt: Friday, March 30, 2001 4:10 Pm
To: yYaish@exchAngE.mL.coM
SUbjecT: iSDA ScHedUle/paragraPh 13


Yair:

ATTacHeD IS A bLacklined (against thE ENROn north AmeRica CoRP. dRaFT of
3/15/01) SchedUlE anD ParAGRaph 13 tO the isDa Credit SUpport aNnEx.  i
have trIeD to incOrPorAte The esSEnce Of the MArch 19, 2001 "swap Side
lETter agreement."  PLEase call me to dIScUSS aS It woUld Be nice to
finAlizE By ApRil 6.  THAnKs.

(SEE attaChed fIlE: 098A BLAckline ctr (Allegheny enErgy SuPply).dOc)


Sara ShackleTon
Enron NoRTH america COrp.
1400 SMItH street, EB 3801a
HoustOn, TexAs  77002
713-853-5620 (phone)
713-646-3490 (fax)
SAra.shackLeton@Enron.com <Html>

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 'Sara.Shackleton@enron.co m'
Subject : RE:  IS DASc hedu le/P aragraph 13

S ara,  I have good news, I t hinkwe arev er y clo se to e x ec u t ing  t hi s b ab y .
I am  at tahcing  commentstoth e ISDA.  The y  r eflect com men ts by our ou tsi de
cou se l w h ich h igh light  the d i fferen ces betwe en this c o ntracta n dtheside
letter/ML IS D A.  They are notmuch. I ha v e  al somade somech anges directl y 
o n t hei r  draft whereI either co n cur red wi th  En r on orneede dt o m ake some
of  myown chang es.  P l s revie w  and le t me k now  wh at y o uth ink .I w i ll  be lea ving the  o ff ice s oon, s o if w e c an w rap i t up tomorrow  th at
w o uld  be g reat(I'm  o ut Mo nday f or Pa ss over).


Yair Y aish 
Director  an dSen io r Cou n sel
Al leg hen y Energ y Globa l  Ma rk e t s ,LLC
212-236-7346

- - -- -Origina l Mess a ge -- - --
From:  S ara .Sha c k leton @enr o n. com [mai lto:Sa r a. Sh ackleto n@ enron. co m]Sen t: Fr i day,  March  30, 200 1 4:1 0  PM
To: yyaish @ exchange.ml.c o mS u bj e ct:ISD A Schedule/ Para g raph  13
Y air : 

Att ached  i s  a blacklined (against  t he Enr on No rth America C orp. draft o f 
3/15/01 ) Sc h ed u le and Paragra ph 13  to the IS D A Credit  Supp ort Anne x.  I
hav e tried to  in cor por ate t he  essence of t h e  Mar ch  19, 20 01"swap s ide 
le tte r a gr eement." Pleaseca ll  m etodiscu s s as itwo uld  b e n ice t o 
final ize b y Ap ri l6 . Thanks. 
( S e e at ta ch ed f ile :098aBlac k lin e ctr ( Allegheny  En e rgySu pp ly).doc )


Sara Shac kl eton
Enron  N ort h Amer i c a Corp.1400 Smith Street, EB 3 8 01a
Hou sto n, Te xas 77002
71 3-8 53-562 0 ( p hone)713-64 6-349 0(fa x ) 
sara . s ha ckl et on@enron.c o m  <h tml>
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 'Sara.Shackleton@enron.com'
Subject:_RE: ISDA_Schedule/Paragraph 13


Sara, I have_good news,_I_think we_are_very close to_executing this baby.

I_am attahcing comments to_the ISDA. _They_reflect comments by our outside
cousel which highlight the differences between this contract and the_side
letter/ML_ISDA. _They_are_not much.  I have_also made some changes directly
on_their draft_where I either concurred with Enron or needed_to_make some
of my_own changes.  Pls review and let me know_what you think.

I will be leaving_the office soon,_so_if_we can wrap it_up tomorrow that
would be great (I'm_out Monday for Passover).


Yair Yaish
Director and_Senior Counsel
Allegheny Energy Global Markets, LLC
212-236-7346



-----Original Message-----
From:_Sara.Shackleton@enron.com [mailto:Sara.Shackleton@enron.com]
Sent: Friday, March 30, 2001_4:10 PM
To: yyaish@exchange.ml.com
Subject: ISDA Schedule/Paragraph_13


Yair:

Attached is_a blacklined (against the Enron_North America Corp._draft of
3/15/01)_Schedule and Paragraph_13 to the ISDA Credit Support_Annex.  I
have_tried to incorporate the essence of_the_March 19, 2001_"swap_side
letter_agreement." _Please call me_to_discuss as_it_would be nice to
finalize by April_6._ Thanks.

(See attached file: 098a Blackline ctr_(Allegheny Energy Supply).doc)


Sara Shackleton
Enron_North_America Corp.
1400 Smith Street,_EB 3801a
Houston, Texas  77002
713-853-5620_(phone)
713-646-3490 (fax)
sara.shackleton@enron.com <html>

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