Agenda for the Conference call tomorrow:

1.  Old Issues:
 Albanesi Joint Bidding Arrangement--Form prepared and sent to Central 
Puerto, Central Puerto still negotiating with enduser.
 Tax Lobbying--Carlos Bastos is proposing a series of Meetings for Jordan and 
company.  Meetings are proposed for early February.
 ENARGAS Response to Our Complaint Against TGN--No response as of yet on our 
response to the ENARGAS.
 Loma Negra--Power bid sent in.  No recent contacts.
 Dow Feasibility Study for Pipeline Spur--Document has been signed by Enron 
and accepted by the Dow affiliates. 
 Draft Bid Guidelines--Informal comments sent, no further information 
received.
 Prepay tax issues--VAT Tax and Turnover Tax timing issue and potential 
withholding issues.

2.  New Issues:
 Neuquen Tax Audit--Andrea sat in on a preliminary meeting between TGS, PC 
and EPCA to discuss how to fight the imposition of the stamp tax on the 
Technical Services Agreement between TGS and EPCA.
 Perez Companc PPA--A second contract was entered into with PC to cover the 
GUME.
 Antistalking Agreement--Working on redraft, comments have received from 
outside counsel.
 Tipoiti Power offer--Contract signed.
 TGN Stamp tax issue--They are asking for support on their position with 
Neuquen and now Salta.
 Letter  to GUME--Draft letter for GUME to send to Enron indicating interest 
to execute next year. Still open.
 ENARGAS Response to Buyatti and Molinos Amendments--ENARGAS has demanded 
that we amend our agreements to not only indicate that we are not serving our 
customers with firm service but that we say we are providing an interruptable 
service.  Legal and Regulatory Affairs are working on a response.  ENARGAS 
has sent a letter to Buyatti indicating among other things that since our 
contract is not firm they should ask for a discount to the price we are 
offering.  The letter is being translated now.
 ENARGAS Resolution--Enargas passed a resolution, specifying that we are a 
regulated entity, and requiring EIASA to file  stock ownership information 
with the ENARGAS.  Legal and Regulatory Affairs are working on a response.
 Vandenfil Default--Vandenfil was late on the second payments as well and 
under threat of termination paid the amounts past due.  They have made a 
filing for a preliminary bankruptcy proceeding.
 Project Tricycle--Andrea may or may not need to go to Chile to help with 
regulatory issues relating to a possible power acquisition.
 Bagley Offers--Enron has been invited to bid on the supply of natural gas to 
two Bagley plants, the description of our transportion will be an issue.