Entrada Energy Ventures, L.C.C.

We have received an executed financial Master Agreement:

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

Effective Date: August 21, 2000

Enron Entity: Enron North America Corp.

Counterparty: Entrada Energy Ventures, L.L.C.

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

Confirming Entity: Enron North America Corp.

Choice of Law: TEXAS

Special Note: ENA owns 50 % of the voting outstanding equity of Entrada
Ventures, L.L.C.