Mr. Edmonds:

Per Andy Zipper's request, attached please find a final version of the letter 
of understanding and term sheet.  If the attached are acceptable, please 
print and execute two copies and forward them to me by overnight courier.  
Enron Net Works will return to you a fully-executed copy on Enron Net Works' 
letterhead.

Please do not hesitate to contact me at your convenience with any comments or 
questions regarding the attached.





Travis McCullough
Enron North America Corp.
1400 Smith Street EB 3817
Houston Texas 77002
Phone:  (713) 853-1575
Fax: (713) 646-3490