Revised U.S. Wholesale Power Bilateral Master Agreement

Sami: Attached are the most recent ENA power trading agreements. Parts of
the agreements may be useful to you and/or Jose Emilio (or whomever you are
working with). Tozzini began with the earlier ENA template. Please forward
any translated trading docs to my attention. Thanks. Let me know if there
is anything else I can do. Sara
---------------------- Forwarded by Sara Shackleton/HOU/ECT on 05/09/2000
08:56 AM ---------------------------

Enron North America Corp.

From: David Portz 05/08/2000 05:25 PM

To: Sara Shackleton/HOU/ECT@ECT
cc:
Subject: Revised U.S. Wholesale Power Bilateral Master Agreement

Sara -- As discussed last Friday, attached is the referenced agreement
reflecting the power group's most current thinking, though it has not yet
been finalized or rolled out. I also attach the 'long form confirmation'
used for trading wholesale power with counterparties who have not executed a
master agreement or other sort of enabling agreement with EPMI. The latter
document has not been updated in about nine months' time and thus may not
reflect all proposed changes to the master. The formatting may also be out
of kilter on Annex A of the latter document but I believe it should be
usable by the person you are assisting in Brazil. Please contact me if you
have any questions. --David