Richardson Energy Marketing, Ltd. Master netting agreement

Marie,

Here is the information for the master netting agreement for Richardson Energy Marketing, Ltd. Please note we currently trade the following:

Natural gas physical Enron North America Corp.
Natural gas financial Enron North America Corp. ISDA executed
Natural gas liquids, physical Enron Gas Liquids, Inc. confirmations

I couldn't find anything on the Transwestern Pipeline deal that the customer mentioned on the attached e:mail.

Please let me know if you need more information.

Thanks,

Nidia
x3-4868

-----Original Message-----
From: "Hayes, Bill" <BHayes@sidrich.com<@ENRON
Sent: Tuesday, November 13, 2001 4:29 PM
To: Mendoza, Nidia
Subject:

Nidia:

Thanks for your help with this. Following is the list of entities that we
have transactions with on an monthly basis:

Enron North America - Natural Gas

Enron Gas Liquids - Propane & Butane

Transwestern Pipeline - We have a contract with you to use your
pipeline which creates a receivable for you at $125,000 per month.

All of these transactions are done with Richardson Energy Marketing, Ltd.
You had said that Sid Richardson Carbon & Gasoline was purchasing butane
from you, however that is incorrect. Everything should be going through
Richardson Energy Marketing, Ltd.

We would like the ability to net out our exposures each month across all
Enron entities where we have activity. I am told it is not something we
will necessarily do each month, but you like to have the option at least.
If you have any questions, please call me at 817-339-7410.

Best regards,
Bill Hayes
Richardson Energy Marketing, Ltd.