Gary,

Thank you for your e-mail of 15 March,  my comments  are as follows:

1. PPL EnergyPlus, LLC:    we will be happy to prepare a draft of a Master 
Agreement for your consideration pending ENA credit review;

2. Confirmations:  ENA will NOT agree to both parties confirming,  unless 
ENA's confirm is controlling.  If agreed  PPL may also send a confirm with 
this understanding;

3, Disclaimer:  we will agree to included  verbiage as requested in the 
disclaimer.


Best 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