Eden Confirmation Ticket

Sara-

This is Rodolfo's deal ticket for EDEN.

Pat

---------------------- Forwarded by Patricia Cini/HOU/ECT on 11/12/99 10:00
AM ---------------------------

Rodolfo Freyre@ENRON_DEVELOPMENT
11/11/99 04:53 PM
To: Larry Joe Hunter@ECT
cc: Jeff Kabel/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Patricia Cini@ECT
Subject: Eden Confirmation Ticket

Joe,

Attached is the Deal Confirmation Ticket for the Power Swap Between Enron and
Eden. The Index (*) is described below.

(*) "The average of the daily MONOMIC Prices at the Ezeiza Market Node Center
for each day during the Calculation Period.

"MONOMIC Price" means the sum of (A) the average hourly price, quoted in
Argentine Pesos, for each day as published electronically in the "Documento
de Transacciones Economicas" (DTE) under the annex set forth in the
"Generadores" file labeled "A1.7 Precios del Mercado en $/MWH - Mercado" as
published by CAMMESA and (B) as applicable either (i) 7.50 Argentine Pesos
for those days that are Argentine Business Days or (ii) zero for those days
that are not Argentine Business Days.

The parties agree that the Floating Amounts payable under this Transaction
shall be made in US Dollars, and the rate of exchange of Argentine Pesos to
US Dollars shall be of one (1) Argentine Pesos per US Dollar as set forth
under Law 23.928, as amended, while there is free convertibility of the
Argentine Peso and the exchange therein set forth is of one (1) Argentine
Peso pre US Dollar. Otherwise, the rate of exchange between Argentine Pesos
and US Dollars shall be calculated using the exchange rate, sell, for
transfers abroad established by Banco Nacion Argentina at the closing of the
Business Day prior to that on which payment is effected. Argentine Peso means
the lawful currency of the Republic of Argentina."