Price Posting Agreement

Attached is a draft of the Agreement we discussed. The draft assumes that
Enron will enter into an access agreement (or similar type of agreement) with
the Sponsor or Platform and that this agreement will supplement (and, where
necessary, supersede, the access agreement). I think this is probably a
valid assumption, because Enron will have to be a participant on the system
on which it posts prices and the systems generally require all participants
to sign a uniform form of agreement.

Feel free to call after you have had a chance to review it. Thanks.

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- ENRON.doc