I am in receipt of your e-mail  concerning comments to the Master Agreement.  
As previously discussed, we await a letter of credit from your company.    I 
have  reviewed  your comments and ready to proceed as soon as credit issues 
are resolved. 

Please do not hesitate to contact me should you have any additional questions 
or comments.

Debra Perlingiere
Enron North America Corp.
1400 Smith Street, EB 3885
Houston, Texas 77002
dperlin@enron.com
Phone 713-853-7658
Fax  713-646-3490