ERCOT AGREEMENT

To all subcommittee members:

Attached is the final draft which is being sent to TMOS for
approval. Because the participants voted 7 to 3 to keep sections 5.2
and 5.3 as they are currently drafted, no changes were made to those
sections. I reviewed and used most of TXU's and Southern's edits
regarding typos and clarification, which I appreciate. If you would
like to see the changes, then go to Track Changes and highlight on
screen.

Thank you all for your help. Hopefully this agreement will be
approved at TMOS and then TAC. I will (or Naim) will keep you apprised.

Margaret Pemberton

- ERCOT WHOLESALE ENABLING AGREEMENT Draft ten.doc