El Paso Merchant Energy, L.P. - EOL Financial Transactions

We have received an executed side letter agreement dated 08/10/01 with El Paso Merchant Energy, L.P. ("El Paso) which states that "notwithstanding the provisions of the Electronic Trading Agreement or the product descriptions on the EOL website, all financial derivative transactions entered into by El Paso Merchant Energy, L.P. on the Web Site which are listed by either ENA or ECC will be deemed to be entered into between El Paso and ENA and will be governed the the ISDA Master Agreement between El Paso and ENA dated 12/1/99".

Copies will be distributed.