Debra,
 Please prepare another Master.  Deal should be identical to the one we did 
for your buddy.  That one was between ENA and ECT Merchant Investment Corp. 
This one should be with Brazos VPP Limited Partnership, a Texas limited 
partnership, and ENA. Check with Teresa regarding the ownership of Brazos.
----- Forwarded by Dan J Hyvl/HOU/ECT on 12/14/2000 01:06 PM -----

	Teresa G Bushman
	12/13/2000 10:42 AM
		 
		 To: Dan J Hyvl/HOU/ECT@ECT
		 cc: 
		 Subject: Joshua Tree - Balancing Agreement

Dan:

Per our conversation.

Teresa




Teresa G. Bushman
Enron North America Corp.
1400 Smith Street, EB 3835A
Houston, TX  77002
(713) 853-7895
fax (713) 646-3393
teresa.g.bushman@enron.com


----- Forwarded by Teresa G Bushman/HOU/ECT on 12/13/2000 10:42 AM -----

	Nora Dobin@ENRON
	12/08/2000 07:46 PM
		 
		 To: Tim Proffitt/HOU/ECT@ECT, Chris Herron/Corp/Enron@Enron, Cris 
Sherman/HOU/ECT@ECT, Stanley Farmer/Corp/Enron@ENRON, Kevin 
Liss/Corp/Enron@ENRON, Teresa G Bushman/HOU/ECT@ECT, Scott 
Josey/Corp/Enron@ENRON, C John Thompson/Corp/Enron@ENRON, Jesus 
Melendrez/Corp/Enron@Enron, Mary Cook/HOU/ECT@ECT, Angela 
Davis/NA/Enron@Enron, Tanya Rohauer/HOU/ECT@ECT, rainj@tklaw.com, Brenda L 
Funk/HOU/ECT@ECT, Tammy Brennig/NA/Enron@Enron, Pam Becton/HOU/ECT@ECT
		 cc: 
		 Subject: Joshua Tree - Balancing Agreement

Attached please find a first draft of the Balancing Agreement.  It is based 
on the Cactus Tree form, updated for this deal.  

Regards, NJD

Nora J. Dobin
Senior Counsel
Enron Global Finance
Enron Corp.
1400 Smith Street
Houston, Texas  77002

713/345-7723 (phone)
713/853-9252 (fax)
E-mail:  nora.dobin@enron.com