Joshua Tree - Balancing Agreement

Michelle:

Would you review Sections 2.3 and 2.4 of this agreement and provide any
comments?

Thanks.

Teresa

Teresa G. Bushman
Enron North America Corp.
1400 Smith Street, EB 3835A
Houston, TX 77002
(713) 853-7895
fax (713) 646-3393
teresa.g.bushman@enron.com

----- Forwarded by Teresa G Bushman/HOU/ECT on 12/13/2000 10:01 AM -----

Nora Dobin@ENRON
12/08/2000 07:46 PM

To: Tim Proffitt/HOU/ECT@ECT, Chris Herron/Corp/Enron@Enron, Cris
Sherman/HOU/ECT@ECT, Stanley Farmer/Corp/Enron@ENRON, Kevin
Liss/Corp/Enron@ENRON, Teresa G Bushman/HOU/ECT@ECT, Scott
Josey/Corp/Enron@ENRON, C John Thompson/Corp/Enron@ENRON, Jesus
Melendrez/Corp/Enron@Enron, Mary Cook/HOU/ECT@ECT, Angela
Davis/NA/Enron@Enron, Tanya Rohauer/HOU/ECT@ECT, rainj@tklaw.com, Brenda L
Funk/HOU/ECT@ECT, Tammy Brennig/NA/Enron@Enron, Pam Becton/HOU/ECT@ECT
cc:
Subject: Joshua Tree - Balancing Agreement

Attached please find a first draft of the Balancing Agreement. It is based
on the Cactus Tree form, updated for this deal.

Regards, NJD

Nora J. Dobin
Senior Counsel
Enron Global Finance
Enron Corp.
1400 Smith Street
Houston, Texas 77002

713/345-7723 (phone)
713/853-9252 (fax)
E-mail: nora.dobin@enron.com