Power Authority of the State of New York

We have received an executed financial Master Agreement:

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

Effective Date: October 23, 2000

Enron Entity: Enron North America Corp.

Counterparty: Power Authority of the State of New York

Transactions Covered: Approved for all products with the exception of: Pulp,
Lumber & Paper, Foreign Exchange

Confirming Entity: Enron North America Corp.

Choice of Law: New York

For those of you keeping track, this brings us to 470 executed financial
agreements!