UPDATE - Various Master Agreements with OPG

Greg Malcolm, the Contract Administrator for OPG just called to give me the
status of the following documents that were sent to them by Enron last fall:

1. EEI (physical power): Said I could expect to receive their comments to our
initial draft no later than the end of Feb.

2. ISDA (financial): I should receive a response from them on our initial
draft sometime in March (he was not as firm on this timeframe as he was about
the EEI).

3. Physical Power Confirms: For interim trading, he is going to send me the
form of confirmation template they want to use for sales to us.

Commercial People: If these timeframes are unacceptable given whatever
business you are trying to do with OPG - please ask your equivalent at OPG to
put pressure on OPG's Legal Dept. There is nothing I can do to make this go
any faster.

Thanks,

Shari Stack
Enron North America, Legal Department
Tel: (713) 853-9477