Re: Synthetic Storage

Ellen,
As we discussed, please change the Special Conditions: to read:

In consideration of the delivery of 310,000 MMBtu of gas by Customer to
Company pursuant to Part A above and the redelivery of 310,000 MMBtu of gas
by Company to Customer pursuant to Part B above, Company will pay Customer
the sum of US Dollars $123,070.00 on April 25, 2001. Notwithstanding
anything to the contrary contained in Section 3.2 of the Base Contract, a
party's delivery obligation pursuant to Part A and Part B above shall
continue until such party has delivered an aggregate of 310,000 MMBtu of gas
to the other party.

I have discussed the above with Deirdre and she is okay with the language.
Remember to add signature lines for each party and provide Deirdre with a
copy for her records.

Ellen Wallumrod@ENRON
02/22/2001 08:52 AM

To: Dan J Hyvl/HOU/ECT@ECT
cc:
Subject: Synthetic Storage - GISB

Morning Dan,

Please take a look at the the attached deal done by Deirdre McCaffrey.
She has agreed with Jeff Hodge to do this deal on a GISB contract.

Please give me a call.

Rgds,
Ellen