RE: Engage Energy America LLC

To All:

Now that we have executed this ISDA, we are OK to open the counterparty for
EOL trades as follows:

Financial transactions ONLY for products as covered in the ISDA.

Thanks
Russell

-----Original Message-----
From: Panus, Stephanie
Sent: Thursday, May 24, 2001 10:38 AM
To: Bowen, Bob; Adams, Laurel; Guillen, Andrea; Hunter, Larry Joe; Heaney,
Gordon; Aguayo, Janie; Bailey, Derek; Anderson, Diane; Tackett, Scott;
Cisneros, Celeste; Brewer, Julie; Fischer, Jason; Garcia, Jorge; Hundl,
Kimberly; Ornelas, Bianca; Murphy, Melissa Ann; Seib, Dianne; Theriot, Kim;
Bell, Jean; Cason, Sharen; Whalen, Melinda; Piwetz, Stephanie; Rodriguez,
Melissa; Williams, Tiffany; Bradford, William S.; Brackett, Debbie R.;
Rohauer, Tanya; Reves, Brant; Diamond, Russell; Campbell, Lesli; Lebrocq,
Wendi; Sacks, Edward; Espinoza, Veronica; Gonzalez, Veronica; Radous, Paul;
Williams, Jason R (Credit); Johnson, Rudwell; Vanek, Darren; Rajaram, Aparna;
Conwell, Wendy; Curry, Ken; Moran, Tom; Mendoza, Nidia; Brown, Angela Y.;
Ngo, Tracy; Colbert, Marilyn; Ellstrom, Diane; Shivers, Lynn; Hare, Bill D.;
Reeves, Leslie; Moore, Jason; Schott, Samuel; Campos, Anthony; Rodriguez,
Bernice; Neuner, Dale; Lambert, Karen; Davis, Frank L.; Southard, Carrie;
Ebow, Amber; Richardson, Stacey; Lees, Lisa; Gerard, Camille; Landau, Georgi;
Johnson, Cheryl; Sever, Stephanie; Crawford, Sharon; Sietzema, Linda; Hendry,
Brent; Shackleton, Sara; Taylor, Mark; Bailey, Susan; Cook, Mary; Jones,
Tana; Leite, Francisco Pinto; Nelson, Cheryl; Sayre, Frank; Davis, Angela;
Keiser, Holly; Heard, Marie; Indelicato, Kimberly
Subject: Engage Energy America LLC

We have received an executed financial Master Agreement:

Type of Contract: ISDA Master Agreement (Multicurrency-Cross Border)

Effective Date: March 26, 2001

Enron Entity: Enron North America Corp.

Counterparty: Engage Energy America LLC

Transactions Covered: Approved for all products with the exception of:
Foreign Exchange

Confirming Entity: Enron North America Corp.

Governing Law: New York

Copies will be distributed.

Stephanie Panus