Encore Energy Solutions, L.P.

We have received an executed financial master agreement:

Type of Agreement: ISDA Master Agreement (Multicurrency-Cross Border)

Effective Date: June 4, 2001

Enron Entity: Enron Canada Corp.

Counterparty: Encore Energy Solutions, L.P.

Transactions Covered: Approved for all transactions with the exception of: Foreign Exchange

Confirming Entity: Enron Canada Corp.

Governing Law: Alberta

Special Handling Requirements: No special handling requirements

Copies will be distributed.

Stephanie Panus