Acquisition of certain assets of Columbia Energy Services

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Pursuant to a Purchase and Sale Agreement, dated November 22, 1999, among
Columbia Energy Services Corporation ("Columbia"), certain affiliates of
Columbia and ENA, Columbia has sold and assigned to ENA certain assets,
including but not limited to: (i) certain Master Agreements (financial
trading) and the transactions thereunder; and (ii) certain Columbia financial
transactions that are not covered by a Columbia Master Agreement (financial
trading). We are in the process of transferring the Columbia transactions
to ENA Master Agreements and terminating the Columbia Master Agreements, when
possible.

Recently Received
We have received the executed Transfer and Termination Agreement between
ENA, Aquila Risk Management Corporation ("ARMC"), and Utilicorp United
("Utilicorp"), dated effective as of January 1, 2000. As of January 1,
2000, this agreement terminates the ISDA Master Agreement between Columbia
and ARMC, dated as of January 16, 1998, and transfers the Transactions
thereunder to the Master Agreement between ENA and ARMC, dated as of November
22, 1993 (the "ENA/ARMC Master Agreement"). As of June 21, 2000, this
Agreement then terminates the ENA/ARMC Master Agreement and transfers the
ENA/ARMC Transactions thereunder to the ISDA Master Agreement between ENA and
Utilicorp, dated as of May 3, 2000.
We have received the executed Transfer and Termination Agreement between
Columbia, ENA, and Bank of America, N.A. ("BofA"), dated effective as of
January 1, 2000. This agreement terminates the ISDA Master Agreement
between Columbia and BofA, dated as of June 14, 1998, and transfers the
Transactions thereunder to the ISDA Master Agreement between between ENA and
BofA, dated as of February 28, 1992.
In connection with the execution of the ISDA Master Agreement between ENA
and J. Aron & Company ("J. Aron"), dated as of August 14, 1998 ("ENA/J. Aron
Master Agreement"), a paragraph was added into the agreement wherein the
Commodity Price Swap Agreement between Columbia and J. Aron, dated as of
September 16, 1993, is terminated and the Transactions thereunder are
transferred to the ENA/J. Aron Master Agreement, effective as of January 1,
2000.

We have received the executed Transfer and Termination Agreement between
ENA and Koch Energy Trading, Inc., f/k/a Koch Gas Services Company ("Koch"),
dated effective as of January 1, 2000. This agreement terminates the ISDA
Master Agreement between Columbia and Koch, dated as of April 24, 1996, and
transfers the Transactions thereunder to the ISDA Master Agreement between
ENA and Koch, dated as of May 23, 1994.

We have received the executed Transfer and Termination Agreement between
ENA and Oneok Energy Marketing and Trading Company, L.P.,
successor-in-interest to KN Marketing, L.P., successor by assignment to KN
Trading, Inc. ("Oneok, L.P."), dated effective as of January 1, 2000. This
agreement terminates the ISDA Master Agreement between Columbia and Oneok,
L.P., dated as of January 26, 1998, and transfers the Transactions thereunder
to the ISDA Master Agreement between ENA and Oneok, L.P. , dated as of April
13, 1995.

We have received the executed Transfer and Termination Agreement between
Columbia, ENA and Sempra Energy Trading Corp., f/k/a AIG Trading Corporation
("Sempra"), dated effective as of January 1, 2000. This agreement
terminates the Letter Agreement between Columbia and Sempra, dated as of June
4, 1993, and transfers the Transactions thereunder to the Master Trading
Agreement between ENA and Sempra, dated as of February 22, 1996.

Previously Received

We have received the executed Assignment Agreement between ENA and Bank of
Montreal ("BOM"), dated effective as of January 18, 2000. This agreement
terminates the ISDA Master Agreement between Columbia and BOM, dated as of
October 24, 1997, and transfers the Transactions thereunder to the ISDA
Master Agreement between ENA and BOM, dated as of November 15, 1996.

The ISDA Master Agreement between Canadian Imperial Bank of Commerce
("CIBC") and Columbia Energy Services Corporation, dated as of July 15, 1998,
will remain in place but will be inactive. No trades can be done under this
Master Agreement. All trades between ENA and CIBC should be done under the
ISDA Master Agreement between ENA and CIBC, dated as of October 1, 1994.

We have received the executed Transfer and Termination Agreement between ENA
and Conoco Inc. ("Conoco"), dated effective as of January 1, 2000. This
agreement terminates the ISDA Master Agreement between Columbia and Conoco,
dated as of January 26, 1998, and transfers the Transactions thereunder to
the ISDA Master Agreement between ENA and Conoco, dated as of March 28,
1996.

We have received the executed Transfer and Termination Agreement between ENA
and Delmarva Power & Light Company ("Delmarva"), dated effective as of
January 1, 2000. This agreement terminates the ISDA Master Agreement
between Columbia and Delmarva, dated as of January 26, 1999, and transfers
the Transactions thereunder to the ISDA Master Agreement between ENA and
Delmarva, dated as of March 12, 1998.

We have received the executed Transfer and Termination Agreement between ENA
and Dynegy Marketing and Trade, f/k/a Natural Gas Clearinghouse ("Dynegy"),
dated effective as of January 1, 2000. This agreement terminates the ISDA
Master Agreement between Columbia and Dynegy, dated as of December 1, 1998,
and transfers the Transactions thereunder to the Master Agreement between ENA
and Dynegy, dated as of January 27, 1992.
We have received the executed Transfer and Termination Agreement between ENA
and Duke Energy Trading and Marketing, L.L.C. ("Duke"), dated effective as of
January 1, 2000. This agreement terminates the ISDA Master Agreement
between Columbia and Duke, dated as of January 8, 1998, and transfers the
Transactions thereunder to the ISDA Master Agreement between ENA and Duke,
dated as of October 17, 1997.
We have received the executed Transfer and Termination Agreement between ENA
and El Paso Merchant Energy-Gas, L.P. ("El Paso"), dated effective as of
January 1, 2000. This agreement terminates (i) the ISDA Master Agreement
between Columbia and Sonat Marketing Company, L.P., dated as of June 1, 1998,
and (ii) the ISDA Master Agreement between Columbia and El Paso Energy
Marketing Company, dated as of January 1, 1998) and transfers the
Transactions under both of thto the Amended and Restated Master Agreement
between ENA and El-Paso, dated as of April 20, 1995.
We have received the executed Transfer and Termination Agreement between ENA
and Entergy Power Marketing Corp. ("Entergy"), dated effective as of January
1, 2000. This agreement terminates the ISDA Master Agreement between
Columbia and Entergy, dated as of December 4, 1997, and transfers the
Transactions thereunder to the Master Agreement between ENA and Entergy,
dated as of December 9, 1996.
We have received the executed Transfer and Termination Agreement between ENA
and Merchant Enery Group of the Americas, Inc. ("MEGA"), dated effective as
of January 1, 2000. This agreement terminates the ISDA Master Agreement
between Columbia and MEGA, dated as of July 6, 1998, and transfers the
Transactions thereunder to the ISDA Master Agreement between ENA and MEGA,
dated as of May 14, 1998.

We have received the executed Transfer and Termination Agreement between ENA
and Morgan Stanley Capital Group Inc. ("Morgan Stanley"), dated effective as
of January 1, 2000. This agreement terminates the ISDA Master Agreement
between Columbia and Morgan Stanley, dated as of May 1, 1997, and transfers
the Transactions thereunder to the Master Energy Price Swap Agreement between
ENA and Morgan Stanley, dated as of June 16, 1992.

We have received the executed Transfer and Termination Agreement between ENA
and Paribas, dated effective as of January 1, 2000. This agreement
terminates the ISDA Master Agreement between Columbia and Paribas, dated as
of July 1, 1997, and transfers the Transactions thereunder to the Amended and
Restated ISDA Master Agreement between ENA and Paribas, dated as of June 28,
1995.

We have received the executed Transfer and Termination Agreement between ENA
and PG&E Energy Trading-Gas Corporation ("PG&E"), dated effective as of
January 1, 2000. This agreement terminates the ISDA Master Agreement
between Columbia and PG&E, dated as of January 26, 1998, and transfers the
Transactions thereunder to the ISDA Master Agreement between ENA and PG&E,
dated as of January 15, 1999.

We have received the executed Transfer and Termination Agreement between ENA
and Reliant Energy Services, Inc.("Reliant"), f/k/a NorAm Energy Services,
Inc., dated effective as of January 1, 2000. This agreement terminates the
ISDA Master Agreement between Columbia and Reliant, dated as of April 27,
1998, and transfers the Transactions thereunder to the ISDA Master Agreement
between ENA and Reliant, dated as of October 15, 1993.

We have received the executed Transfer and Termination Agreement between ENA
and Southern Company Energy Marketing, L.P. ("Southern"), dated effective as
of January 1, 2000. This agreement terminates the ISDA Master Agreement
between Columbia and Southern, dated as of December 1, 1998, and transfers
the Transactions thereunder to the ISDA Master Agreement between ENA and
Southern, dated as of June 1, 1994.

We have received the executed Transfer and Termination Agreement between ENA
and Statoil Energy Trading, Inc., assignee of Statoil Energy Services, Inc.,
f/k/a Eastern Energy Marketing, Inc. ("Statoil"), dated effective as of
January 1, 2000. This agreement terminates the ISDA Master Agreement
between Columbia and Statoil, dated as of May 20, 1998, and transfers the
Transactions thereunder to the Master Agreement between ENA and Statoil,
dated as of August 26, 1996.

We have received the executed Transfer and Termination Agreement between ENA
and Tenaska Marketing Ventures ("Tenaska"), dated effective as of January 1,
2000. This agreement terminates the ISDA Master Agreement between Columbia
and Tenaska, dated as of January 26, 1998, and transfers the Transactions
thereunder to the ISDA Master Agreement between ENA and Tenaska, dated as of
January 19, 1995.

We have received the executed Transfer and Termination Agreement between ENA
and Tractebel Energy Marketing, Inc. ("Tractebel"), dated effective as of
January 1, 2000. This agreement terminates the ISDA Master Agreement
between Columbia and Tractebel, dated as of January 26, 1998, and transfers
the Transactions thereunder to the ISDA Master Agreement between ENA and
Tractebel, dated as of December 9, 1997.

We have received the executed Transfer and Termination Agreement between ENA
and TXU Energy Trading Company ("TXU"), f/k/a Enserch Energy Services, Inc.,
dated effective as of January 1, 2000. This agreement terminates the ISDA
Master Agreement between Columbia and TXU, dated as of January 26, 1998, and
transfers the Transactions thereunder to the ISDA Master Agreement between
ENA and TXU, dated as of October 19, 1995.

We have received the executed Transfer and Termination Agreement between ENA
and Western Gas Resources, Inc. ("Western Gas"), dated effective as of
January 1, 2000. This agreement terminates the ISDA Master Agreement
between Columbia and Western Gas, dated as of March 20, 1998, and transfers
the Transactions thereunder to the Master Agreement between ENA and Western
Gas, dated as of March 1, 1994.

We have received the executed Transfer and Termination Agreement between ENA
and Williams Energy Marketing & Trading Company ("Williams"), f/k/a Williams
Energy Services Company, f/k/a Williams Energy Derivatives and Trading
Company, dated effective as of January 1, 2000. This agreement terminates
the ISDA Master Agreement between Columbia and Williams, dated as of February
8, 1998, and transfers the Transactions thereunder to the ISDA Master
Agreement between ENA and Williams, dated as of June 18, 1993.

Susan D. Flynn
Enron North America Corp.
1400 Smith Street, EB3806
Houston, Texas 77002
Phone: 713-853-0975
Fax: 713-646-3490