Per credit, EES should not be included in any of the master netting arrangements.  However, there may be exceptions which will be identified to us by Tanya Rohauer on a case by case basis.

Cordially,
Mary Cook
Enron North America Corp.
1400 Smith, 38th Floor, Legal
Houston, Texas 77002-7361
(713) 345-7732
(713) 646-3393 (fax)
mary.cook@enron.com