---------------------- Forwarded by Elizabeth Sager/HOU/ECT on 01/18/2000 
02:52 PM ---------------------------


"Yaish, Yair (OGC)" <YYaish@exchange.ml.com> on 01/18/2000 08:51:33 AM
To: Elizabeth Sager/HOU/ECT@ECT, David Portz/HOU/ECT@ECT
cc: Tracy Ngo/HOU/ECT@ECT 
Subject: RE: Third Amendment to Physical Master Agreement



Elizabeth and David,

the amendment looks fine to me.  I will have it executed and sent to you
today.  the date will be as of the 10th of January.  let me know if that's
ok with you.

Yair Yaish
Merrill Lynch (OGC)
212-449-2456
yyaish@exchange.ml.com

> -----Original Message-----
> From: David Portz [SMTP:dportz@ect.enron.com]
> Sent: Tuesday, January 11, 2000 3:46 PM
> To: yyaish@exchange.ml.com
> Cc: Elizabeth Sager; Tracy Ngo
> Subject: Third Amendment to Physical Master Agreement
>
>
>
> Dear Yair:
>
>      Consistent with your communications with Elizabeth Sager, attached
> for your
> review is a "Third Amendment to Master Energy Purchase and Sale Agreement"
> reflecting the requested modifications to thresholds tied to credit
> ratings in
> the Credit Support Annex.  Please respond with any comments you have or to
> make
> arrangements for signature copies to be completed and delivered.
>
> David Portz
> Tel. 713-853-9239
> Fax. 713-646-3491
>
>
> (See attached file: Merrill Phys Master 3rd Amend.doc) << File: Mac Word
> 3.0 >>