Inter-Office Memo
To:	OPIC 	
From:	Rob Gay	
Date:	Dec 6, 2000	
Subject:	Discussion Points for George Munoz	

1.	Thank you for your assistance in obtaining the cooperation of Eletrabras and Furnas on the outstanding consent and guarantee issues.  We believe your visit was an extremely important factor in getting Firmino to direct his people to fix the problem in the past week. 
2.	The budget is increasing, but the increase represents a full accounting of the very expensive environmental remediation and monitoring costs associated with construction of the pipelines including the ridges drilling efforts.  Furthermore it reflects the delays which have been caused by government intervention in both Bolivia and Brazil and the indigenous people in Bolivia.  The bottom line is, the partners are stepping up for the increase which reflects our continuing commitment to this project and the development of a very important long term asset for Western Brazil.
3.	At this point we need to close.  The deal is never going to be perfect, so we need to enlist your help in encouraging your legal and commercial people to only insist on what is truly important and to keep some less significant issues in perspective.
4.	We have demonstrated that we are prepared to go the extra mile to make this a success, as have you, and we have stepped up again and again both in terms of our resources and with additional equity support to resolve problems. Its very important that we seize the opportunity now and not let this get away from us again.