Re: New Product

Hi Eric -

We will begin testing your index today. The description for your index will
read as follows:

"The Index for a day shall be the Daily Midpoint price published on such
calendar day under the heading "Daily Price Survey" in the
East-Houston-Katy, Katy plant tailgate section of Gas Daily, or if a calendar
day is not a Business Day then the price used shall be the Daily Midpoint
price published on the next suceeding Business Day. "

The Product Short Description on the website will be as follows:

US Gas Daily KatyPltTailgate Month/Year USD/MM

Please advise if this does not meet with your approval.

Thanks -
Rob

Enron North America Corp.

From: Eric Bass 11/21/2000 12:48 PM

To: Robert B Cass/HOU/ECT@ECT
cc: Dale Neuner/HOU/ECT@ECT
Subject: New Product

Rob,

I need to get a new gas daily product created. This product will be settled
daily against the Katy Plant Tailgate under the East-Houston-Katy subheading
in Gas Daily.

Call with questions.

Thanks,

Eric
x3-0977