M8V 2M7

March 7, 1997

Robert Sheppard

The Globe & Mail

444 Front Street

Toronto, Ont.

M5V 2S9

Dear Robert:

"Hydrogate"

I can distinctly remember promising you, in some icy arena somewhere, that if anything interesting came up at Ontario Hydro, that "you would be the first to know".

As the title indicates, the time has come.

If you are interested, please give me a call.

Yours sincerely,

Michael Moles

cc. Mr. Richard Darrah, R.R. Darrah & Associates, Barristers & Solicitor

Det. Steve Burnham, Metropolitan Toronto Police, Electronic Currency Section

Ms. Wanda Sanginesi, The Society of Ont. Hydro Prof. & Administrative Employees