We have received an executed financial master agreement:

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

Effective Date:			September 27, 2001

Enron Entity:			Enron North America Corp.

Counterparty:			Public Utility District No. 1 of Franklin County

Transactions Covered:		The agreement is limited to natural gas, electricity or other energy used for the production of electricity.

Confirming Entity:		Enron North America Corp.

Governing Law:     			New York

Special Handling Requirements:   No special handling requirements


Copies will be distributed.



Samantha M. Boyd
Senior Legal Specialist
Enron Wholesale Services
1400 Smith Street, EB3803
Houston, Texas 77002
Ph:  (713) 853-9188
Fax:  (713) 646-3490