We have received copies of a Certificate of Merger filed with the Delaware  Secretary of State on 12/22/00, effective 12/31/00, wherein El Paso Merchant  Energy-Gas, L.P. (Global Counterparty #72297), a Delaware limited  partnership, merged with and into El Paso Merchant Energy, L.P. (Global  Counterparty #53350), a Delaware limited partnership, with El Paso Merchant  Energy, L.P. (Global Counterparty #53350) as the surviving corporation.
By virtue of this merger, the ISDA Master Agreement dated 12/01/99 should now  reflect El Paso Merchant Energy, L.P. as the Counterparty.
In connection  with this merger, Credit will be getting a new parent guaranty from the  Counterparty.
Upon its receipt, copies will be distributed.
Copies of the Certificate of Merger will be distributed.

Merger - El Paso Merchant Energy, L.P.