Netting.  In the event that Buyer and Seller are each required to pay an 
amount in the same Month hereunder, then such amounts with respect to each 
Party may be aggregated and the Parties may discharge their obligations to 
pay through netting, in which case the Party, if any, owing the greater 
aggregate amount may pay to the other Party the difference between the 
amounts owed.


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