Today's mail brought the following news:   1.
Metropolitan Water District:  MWD has terminated Deal Nos.
790056.01 and 807275.01, effective December 12, 2001.
There are two other one-month deals, one beginning in February and one in March.
I am confirming with MWD that they intend to terminate those as well, as is required under the WSPP agreement.
2.
City of Vernon:  City of Vernon has terminated all deals effective December 27, 2001.
3.
WAPA is retaining monies due Enron for post-November 30 deliveries while WAPA "assess[es its] set-off rights under the Bankruptcy Code and other applicable law."
4.
City of Luzenac has suspended deliveries until January 15, 2002.
5.
City of Burbank has terminated all transactions immediately.

West Power Counterparty Update:  12/31/01
Today's mail brought the following news: <NUMBER>.
Metropolitan Water District: MWD has terminated Deal Nos.
<NUMBER> and <NUMBER>, effective December <NUMBER>, <NUMBER>.
There are two other one-month deals, one beginning in February and one in March.
I am confirming with MWD that they intend to terminate those as well, as is required under the WSPP agreement.
<NUMBER>.
City of Vernon: City of Vernon has terminated all deals effective December <NUMBER>, <NUMBER>.
<NUMBER>.
WAPA is retaining monies due <COMPANY> for post-November <NUMBER> deliveries while WAPA "assess[es its] set-off rights under the Bankruptcy Code and other applicable law."
<NUMBER>.
City of Luzenac has suspended deliveries until January <NUMBER>, <NUMBER>.
<NUMBER>.
City of Burbank has terminated all transactions immediately.
water beginning february march today mail bankruptcy code applicable retaining monies set rights mwd terminated deal wapa assess es