Mercado Gas Services, Inc.

We have received an executed financial Master Agreement:

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

Effective Date: March 7, 2000

Enron Entity: Enron North America Corp.

Counterparty: Mercado Gas Services, Inc.

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

Confirming Entity: Enron North America Corp.

Governing Law: Texas

Copies will be distributed.

Stephanie Panus