Marcia,

Thank you for your e-mail regarding SP's to the purposed GISB.  My responses 
are as follows:

Section 1.   We will agree to your suggest  language.

Netting:  We suggest the following:  

In the event that Buyer and Seller are each required to pay an amount in the 
same Month hereunder, then such amounts with respect to each Party may be 
aggregated and the Parties may discharge their obligations to pay through 
netting,  in which case the party, if any, owing the greater aggregate amount 
shall pay to the other party the difference between the amounts owed.

Adequate Assurance:   We will agree to 5 business days.

Term:  For firm delivery limit the use of the GISB to 30 days.  For 
interruptible delivery there is no limit.

We  will agree to the above along with our other SP's as written.  Thanks for 
your attention to the foregoing.  Please let me have your thoughts.    

Regards,
Debra Perlingiere
Enron North America Corp.
Legal Department
1400 Smith Street, EB 3885
Houston, Texas 77002
dperlin@enron.com
Phone 713-853-7658
Fax  713-646-3490