Power Authority of the State of New York

From: tana.jones@enron.com

To: bob.bowen@enron.com, laurel.adams@enron.com, andrea.guillen@enron.com,larry.hunter@enron.com, gordon.heaney@enron.com, janie.aguayo@enron.com, derek.bailey@enron.com, diane.anderson@enron.com, kevin.meredith@enron.com, scott.tackett@enron.com, celes

Subject: Power Authority of the State of New York

Cc: janelle.scheuer@enron.com, per.sekse@enron.com

Bcc: janelle.scheuer@enron.com, per.sekse@enron.com

Date: Fri, 8 Dec 2000 05:28:00 -0800 (PST)

I would like to amend my earlier approval with respect to the ISDA Master
Agreement we recently executed with this Counterparty to limit their
financial trading to energy commodity trading only. This counterparty is NOT
approved to trade any other products including , but not limited to, weather,
pulp & paper, plastics, steel, metals, interest rate & currency, fx, or
credit derivatives.