Stephanie:

AESC and Enron North America Corp. have an executed master agreement 
currently in the form of a "side letter ISDA agreement" which is enforceable 
and sufficient to permit online financial trading for gas and power. 

Sara Shackleton
Enron North America Corp.
1400 Smith Street, EB 3801a
Houston, Texas  77002
713-853-5620 (phone)
713-646-3490 (fax)
sara.shackleton@enron.com