RECITALS

EXHIBIT M

MASTER SERVICE AGREEMENT

THIS AGREEMENT, dated June 16, 1997, including addenda, is between PORTLAND
GENERAL ELECTRIC COMPANY, an Oregon corporation ("PGE"), and its affiliates
("Master Service Agreement"). PGE's affiliates include ENRON Corp. ("ENE"), an
Oregon Corporation, and the subsidiaries of Enron and PGE as listed in Addendum
1A, as may be amended periodically ("affiliate").

RECITALS

A. PGE is a regulated electric utility operating within the state of Oregon.
Its headquarter office is located in Portland, Oregon.

B. PGE is a subsidiary of ENE with operations as relevant to this agreement
described in each of the attached addenda.

C. ENE owns all of the issued and outstanding shares of common stock of PGE.

D. PGE employs certain expert personnel capable of performing needed
management, analytical, professional, and administrative services in
furtherance of its affiliates operations.

E. PGE's affiliates employ certain expert personnel capable of performing
needed services in furtherance of PGE's operations.

F. PGE and its affiliates agree that in some cases it would be more economical
for each to provide the other with management, administrative, and other
professional services, rather than for each to obtain such services by
employing additional staff or by retaining independent contractors or
consultants.

G. PGE desires to make available to its affiliates such personnel and
management, administrative, and other professional services as the board of
directors or officers of those affiliates shall reasonably request in the
future, without detriment to its utility functions.

H. PGE's affiliates desire to make available to PGE such personnel and
management, administrative, and other professional services the board of
directors or officers of PGE shall reasonably request in the future,
without detriment to its corporate functions.

THEREFORE, the parties hereto agree as follows:

Master Service Agreement - June 16, 1997 Page 2

PGE Services

1. Upon the request of the board of directors, officers, or managers of ENE,
PGE will furnish to its affiliates the following administrative services as
required, upon the terms and conditions set forth herein:

Services Service Description

A. Office Support Word Processing, secretarial services,
communications, mail services, printing,
records management, facilities management,
office space, conference room services,
office supplies, furniture and equipment,
computer services, library services for
affiliates' employees located in the World
Trade Center or other buildings.

B. Business Analysis Tax, regulatory, accounting, budgeting, and
financial reporting assistance. Also, tax
planning, financial and strategic studies,
internal auditing services, market
intelligence, marketing and product
development support, engineering.

C. Human Resources Administration of human resources and
management of payroll.

D. Aircraft and Transport Use of aircraft and transport, including use
of Travel Services Department.

E. Investor Relations Provide information for investors. Provide
corporate communications.

F. Legal Services Legal services provided by PGE's Legal
Department in support of legal proceedings
and other activity.

Master Service Agreement - June 16, 1997 Page 3

G. Construction and Transmission
Services Transmission Engineering, Purchasing
materials and supplies, hiring contractors.

H. Purchasing Purchasing goods and materials through PGE's
Purchasing Department.

I. Consulting/Training Services Providing PGE labor, materials and expertise
for consulting/training.

J. Analytical Testing Services Environmental and Chemical testing provided
by Oregon Analytical Lab.

K. Transition Services Employees who transfer from affiliates to
PGE may, when requested, xxxx affiliates to
complete projects.

L. Other Services Other services as defined and priced in the
Addenda, signed by PGE and appropriate
entity, and approved by the OPUC.

Master Service Agreement - June 16, 1997 Page 4

2. Affiliate Services

Upon the request of the board of directors, officers, or managers of PGE,
ENE or its subsidiaries, will furnish to PGE services as required, upon the
terms and conditions set forth herein and in the attached Addenda.

3. Requests for Service

All services provided will be based on a mutually agreeable work scope,
specifying the scope of services, personnel, and budget for services.
Changes in the scope of work will be agreed to by the parties.

4. Basis of Charges

If the service cost or benefit is intended for inclusion in PGE's retail
revenue requirement, then

a. All billing by PGE to an affiliate will be at the higher of cost
or market, unless otherwise specified and approved by the OPUC;
and

b. All xxxxxxxx by an affiliate to PGE will be at the lower of cost
or market, unless otherwise specified and approved by the OPUC.

c. All xxxxxxxx between PGE and an affiliate resulting from a "blind
exchange transaction" will be at the amount of such transaction.

Master Service Agreement - June 16, 1997 Page 5

For the purpose of this agreement, "cost" shall include:

a. All out-of-pocket expenses of the provider of services incurred
in connection with the services rendered including salaries and
benefits; amounts paid for independent technical and professional
services; and all overhead expenses, including but not limited to
space utilization; and

b. A reasonable return on any investment in assets, equipment, or
plant supporting the provision of services ("tangible assets") in
the following amounts:

(i) For services provided by PGE, the return on tangible assets
employed, if any, will be no less than the authorized rate
of return of PGE on its investment serving its electric
ratepayers; and

(ii) For services provided by an affiliate, the return on
tangible assets employed, if any, will be no more than the
authorized rate of return of PGE on its investment serving
its Oregon electric ratepayers.

Costs shall include both direct and indirect costs of operation. Where a
cost incurred by an affiliate is allocable to related and/or unrelated
third parties, which include PGE, an allocation of such costs will be used.
Exhibit A to this agreement describes the method used for allocating common
costs to be used by the affiliate.

Master Service Agreement - June 16, 1997 Page 6

5. Method of Charging for Services

Once the appropriate cost for a service has been determined in accordance
with No. 4 above, a charge will be made between PGE and the affiliate on
the basis of either a direct relationship between costs incurred and the
entity creating the cost or on the basis of an allocation of common costs
when several affiliates are responsible for creating a cost.

PGE Charges to Affiliates

PGE will directly assign charges to affiliates for services involving labor
provided to affiliates on the basis of the number of hours worked by PGE
employees multiplied by the cost rate per hour applicable to those
employees. The hourly rate will be adjusted to include all appropriate
payroll loadings (for benefits, taxes, etc). In addition, the applicable
Administration & General (A&G) loading rate will be applied to derive the
fully loaded cost of employee time associated with services provided.
Materials, supplies, and other vouchered items will similarly be charged to
affiliates on the basis of the full cost of the items supplied. Supporting
documentation on the cost of non-labor items will be available to
affiliates to substantiate the charges billed. Non-labor costs will not
have an A&G loading rate applied.

Master Service Agreement - June 16, 1997 Page 7

Affiliate Charges to PGE

Affiliates will assign charges to PGE on the basis of direct assignment.
Periodically, Enron will review the work functions supplied to affiliates
under each of the services described in section 2 above. The review will
include a determination of the functions supplied and the relationship
between costs incurred (Direct and Allocable) and the entities creating
those costs, and establish allocation factors for budgeting and for
assigning the allocable costs. Direct assignment costs will be based on
actual labor costs plus appropriate payroll loadings and actual non-labor
costs. In addition, the applicable Administration & General (A&G) loading
rate will be applied to derive the fully loaded cost of employee time
associated with services provided. Allocable costs which meet the
four-point test described herein will be allocated based on methods
described in Exhibit A to this agreement. The four points that allocable
costs must meet are: (1) they must be a necessary, just and reasonable
regulated utility expense; (2) they must be for functions that PGE would
perform as a stand-alone utility; (3) they must not arise from
non-regulated activities; and (4) they must not duplicate functions already
performed at PGE.

6. Invoicing

a. As soon as practicable after the last day of each month, the provider
of services will invoice the recipient for services and expenses for
the month concluded, computed pursuant to Section 3 above.

Master Service Agreement - June 16, 1997 Page 8

b. All invoice charges will be supported by documentation satisfactory to
the recipient. Charges for services will be entered into the
accounting records in the month following the period in which services
were rendered. However, if the invoice is less than $50,000, charges
will not be entered until either (1) total invoices are more than
$50,000 or (2) quarterly, whichever comes first.

7. Billing Disputes

Disputes on xxxxxxxx for services will be resolved through negotiations
between the Controller, Enron Corp., and the Vice President of the
department at PGE responsible for providing services or their respective
designees.

8. Books and Records

a. All transactions made under this agreement will be recorded by PGE in
accordance with the uniform system of accounts prescribed by the
regulatory authorities having jurisdiction over PGE.

b. Each party shall have the right at all reasonable times to examine the
books and records of the other for the purpose of verifying the cost
of the services performed by the other party.

Master Service Agreement - June 16, 1997 Page 9

9. Limitations on Service

a. PGE shall render diligently and competently all services reasonably
requested by affiliates to the extent PGE can make available its
resources without detriment to its utility functions.

b. Affiliates shall render diligently and competently all services
reasonably requested by PGE to the extent those affiliates can make
available their resources without detriment to its corporate
functions, and to the extent that affiliate services to PGE are
specified in the attached Addenda to this Master Service Agreement.

c. PGE and affiliates shall coordinate and administer all services being
rendered under this Master Service Agreement in order that such
services shall be furnished as efficiently and economically as
possible.

d. Neither PGE nor its affiliates shall have priority over the other in
obtaining services under this Master Service Agreement.

Master Service Agreement - June 16, 1997 Page 10

10. Limitation of Authority

The parties agree that no party shall assume nor create any obligation on
behalf of the other party other than such as are specifically provided for
herein. Each party reserves to itself the right to make commitments for
loans, financing, mortgages, and other commitments necessary and proper for
its corporate purposes.

11. Inspection and Reporting

a. All relevant books, records, and other data in possession of either of
the parties relating to the operations under the administration of
this agreement shall at all times, during normal business hours, be
made available to any regulatory agency having jurisdiction when
engaged in the performance of its lawful functions.

b. PGE and its affiliates will timely furnish to the other such
information with regard to its operations as shall be reasonably
required.

Master Service Agreement - June 16, 1997 Page 11

12. Regulatory Jurisdiction

It is recognized by the parties that PGE is a public utility company
subject to regulation and control by various state and federal governmental
regulatory agencies. The provisions of this agreement shall be construed in
aid of and not in derogation of the lawful control and regulatory power of
any such agency.

13. Damages

In no event shall a party be liable to another party hereto for any lost or
prospective profits or any other special, punitive, exemplary,
consequential, incidental or indirect losses or damages (in tort, contract
or otherwise) under or in respect of this Master Service Agreement or for
any failure of performance related hereto howsoever caused, whether or not
arising from the party's sole, joint or concurrent negligence. To the
extent any payment required to be made under this Master Service Agreement
is agreed by the parties to constitute liquidated damages, the parties
acknowledge that the damages are difficult or impossible to determine and
that such payment constitutes a reasonable approximation of such damages,
and not a penalty.

Master Service Agreement - June 16, 1997 Page 12

14. Governing Law

This agreement shall be governed by and construed and enforced in
accordance with the laws of the State of Oregon.

15. Waiver

Any of the terms and conditions of this agreement may be waived at any time
and from time to time by the party entitled to the benefit thereof; but a
waiver in one instance shall not be deemed to construe a waiver in any
other instance. A failure to enforce any provision of this agreement shall
not operate as a waiver of such provision or of any other provision hereof.

16. Assignment

This agreement shall be binding upon the parties and their representatives
but shall not be subject to assignment.

Master Service Agreement - June 16, 1997 Page 13

17. Termination

PGE and Enron reserves the right at any time upon 30 days' notice to the
other to terminate this Master Service Agreement in whole or part. PGE, or
any affiliate, reserves the right at any time upon 30 days' notice to the
other to terminate such affiliate's addendum to this Master Service
Agreement.

18. Integrated Agreement

This agreement embodies the entire agreement and understanding between the
parties and supersedes all prior agreements between such parties, except
for the January 1, 1993 PGE/WTCNW Service Agreement as amended. This
agreement may be executed by the parties in separate counterparts, each of
which when executed and delivered shall be an original, but which together
shall constitute but one and the same agreement.

Date as of .
-------------------------

--------------------------

by by

Portland General Electric Company Enron Corp.

Master Service Agreement - June 16, 1997 Page 14

Exhibit A

Enron Charges - Allocation Methods

A. Methodology
Three different methods are used to allocate indirect costs:

1. Direct Usage - One criterion: Enron direct labor charges to subsidiaries.
2. Modified Massachusetts Formula - Three criteria, equally weighted:
subsidiary payrolls, subsidiary revenues, and subsidiary assets.
3. Percent of Total Headcount - One criterion: subsidiary headcount.

B. Allocation by Type of Cost

These allocation methods are for Enron allocable pool costs not including direct
and non-allocable costs. Thus, all Enron costs directly associated with PGE or
other Enron subsidiaries have been removed from the pool. All remaining costs
are incurred because the work benefits all subsidiaries. The table below
associates the allocable cost (department) with the relevant methodology (charge
basis).

PGE/Affiliates Master Service Agreement - Exhibit A Page A-1

----------------------------------------------------------------------------------------------------------------------

0011 Legal - Litigations 0854 Usage
----------------------------------------------------------------------------------------------------------------------
0011 Management Conference 1274 % of Attendees
----------------------------------------------------------------------------------------------------------------------
0011 United Way Campaign 1283 Actuals, Estimate on 1999 Co Matching
----------------------------------------------------------------------------------------------------------------------
0011 International Benefits 1348 % of International Headcount
----------------------------------------------------------------------------------------------------------------------
0011 Savings Plan 1641 Included in benefits rate
----------------------------------------------------------------------------------------------------------------------
0011 Restricted Stock 2314 Grant Elections
----------------------------------------------------------------------------------------------------------------------
0011 EE Life, AD&D 2323 Included in benefits rate
----------------------------------------------------------------------------------------------------------------------
0011 Long Term Disability 2324 Included in benefits rate
----------------------------------------------------------------------------------------------------------------------
0011 Active Medical/Dental 2337 Included in benefits rate
----------------------------------------------------------------------------------------------------------------------
0011 Matching Gifts 2400 Matching gifts
----------------------------------------------------------------------------------------------------------------------

----------------------------------------------------------------------------------------------------------------------
EIS CHARGES (CO 0011)
----------------------------------------------------------------------------------------------------------------------
0011 IT - Corporate Executive 0117 % of service costs
----------------------------------------------------------------------------------------------------------------------
0011 EDS Corp Support Costs 0118 Retained At Corp
----------------------------------------------------------------------------------------------------------------------
0011 IT Information Services 1122 Usage (phone lines, etc.
----------------------------------------------------------------------------------------------------------------------
0011 IT Communications & Market Data 2472 Usage
----------------------------------------------------------------------------------------------------------------------
0011 IT Infrastructure & Integration 2473 Usage
----------------------------------------------------------------------------------------------------------------------
0011 IT Corporate Applications Development 2470 Usage
----------------------------------------------------------------------------------------------------------------------
EPSC CHARGES (CO 0901)
----------------------------------------------------------------------------------------------------------------------
0901 Vacant Space 1270 MMF
----------------------------------------------------------------------------------------------------------------------

----------------------------------------------------------------------------------------------------------------------
COST CENTERS ASSESSED ON PLAN
----------------------------------------------------------------------------------------------------------------------

----------------------------------------------------------------------------------------------------------------------
0001 Benefits & Compensation 0208 % of Headcount
----------------------------------------------------------------------------------------------------------------------
0001 EMI Billing R/C (ECM) 1401 Retained At EMI
----------------------------------------------------------------------------------------------------------------------
0001 Deferral Plans 2310 Retained At Corp
----------------------------------------------------------------------------------------------------------------------

----------------------------------------------------------------------------------------------------------------------
0011 Long Term Incentive 0028 Grant Elections
----------------------------------------------------------------------------------------------------------------------
0011 Drug/Alcohol Testing 0071 % of New Hires, Random
----------------------------------------------------------------------------------------------------------------------
0011 Executive Consultants 0089 Retained At Corp
----------------------------------------------------------------------------------------------------------------------
0011 Corp Accounting, Planning, & Reporting 0138 MMF
----------------------------------------------------------------------------------------------------------------------
0011 HR Support Services 0246 % of Headcount
----------------------------------------------------------------------------------------------------------------------
0011 RAC - Engineering Group 0258 Anticipated Resources
----------------------------------------------------------------------------------------------------------------------
0011 Sr. VP - Chief Accounting Officer 0303 MMF
----------------------------------------------------------------------------------------------------------------------
0011 President and COO 0304 MMF
----------------------------------------------------------------------------------------------------------------------
0011 Vice Chairman 0306 MMF
----------------------------------------------------------------------------------------------------------------------

PGE/Affiliates Master Service Agreement - Exhibit A Page A-1

----------------------------------------------------------------------------------------------------------------------
CO. COST CENTER NAME/DESCRIPTION MSA RC # Assessment/Allocation Method
----------------------------------------------------------------------------------------------------------------------
0011 Community Relations 0307 MMF
----------------------------------------------------------------------------------------------------------------------
0011 Executive Reception 0308 MMF
----------------------------------------------------------------------------------------------------------------------
0011 Political Action Committee 0309 MMF
----------------------------------------------------------------------------------------------------------------------
0011 Diversity 0315 MMF
----------------------------------------------------------------------------------------------------------------------
0011 Investor Relations 0405 MMF
----------------------------------------------------------------------------------------------------------------------
0011 State Tax Group 0441 State tax returns, anticipated resources
----------------------------------------------------------------------------------------------------------------------
0011 Vice President - Tax 0445 Anticipated Resources/MMF
----------------------------------------------------------------------------------------------------------------------
0011 Corporate Development 0460 Retained at Corp
----------------------------------------------------------------------------------------------------------------------
0011 Ad Valorem Tax 0564 Properties, Tax, & MMF
----------------------------------------------------------------------------------------------------------------------
0011 Corporate Secretary 0610 Anticipated Resources/Company Numbers
----------------------------------------------------------------------------------------------------------------------
0011 MLP Services 0611 MMF/MLP Direct
----------------------------------------------------------------------------------------------------------------------
0011 Credit Union 0627 Retained At Corp
----------------------------------------------------------------------------------------------------------------------
0011 H.R.I.S. 0632 % of Headcount
----------------------------------------------------------------------------------------------------------------------
0011 Health Center 0647 % of DT Headcount
----------------------------------------------------------------------------------------------------------------------
0011 Intellectual Capital 0658 Historical data & transaction count
----------------------------------------------------------------------------------------------------------------------
0011 Risk Mgmt - Research Group 0826 Historical data, groups supported
----------------------------------------------------------------------------------------------------------------------
0011 Corporate Legal 0860 Anticipated Resources
----------------------------------------------------------------------------------------------------------------------
0011 Environmental Legal 0861 Anticipated Resources
----------------------------------------------------------------------------------------------------------------------
0011 Federal Government Affairs 0866 Anticipated Resources
----------------------------------------------------------------------------------------------------------------------
0011 Chairman and CEO 0890 MMF
----------------------------------------------------------------------------------------------------------------------
0011 Tax - Analyst/Intern Recruiting 1987 Resources & Assignment
----------------------------------------------------------------------------------------------------------------------
0011 Public Relations - Advertising 1109 Retained At Corp
----------------------------------------------------------------------------------------------------------------------
0011 VP - HR Administration 1121 % of Headcount
----------------------------------------------------------------------------------------------------------------------
0011 RAC - Global Credit Group 1128 Anticipated Resources
----------------------------------------------------------------------------------------------------------------------
0011 RAC - Due Diligence/Asset Management 1129 Anticipated Resources
----------------------------------------------------------------------------------------------------------------------
0011 RAC - Risk Analytics 1130 Anticipated Resources
----------------------------------------------------------------------------------------------------------------------
0011 RAC Underwriting 1131 Anticipated Resources
----------------------------------------------------------------------------------------------------------------------
0011 Community Relations Programs 1140 % of DT Headcount
----------------------------------------------------------------------------------------------------------------------
0011 Staffing 1150 Anticipated Resources
----------------------------------------------------------------------------------------------------------------------
0011 Federal Regulatory Affairs 1261 Anticipated Resources
----------------------------------------------------------------------------------------------------------------------
0011 Env. & Intl Govt Affairs 1262 Anticipated Resources
----------------------------------------------------------------------------------------------------------------------
0011 Sr. VP - Governmental Affairs 1263 Retained At Corp
----------------------------------------------------------------------------------------------------------------------
0011 Electricity Regulatory Affairs 1264 Anticipated Resources
----------------------------------------------------------------------------------------------------------------------
0011 Houston Children's Chorus 1272 MMF
----------------------------------------------------------------------------------------------------------------------
0011 RAC Risk Management Control 1281 Historical data, groups supported
----------------------------------------------------------------------------------------------------------------------
0011 Community Relations - Employee Events 1284 % of DT Headcount
----------------------------------------------------------------------------------------------------------------------

PGE/Affiliates Master Service Agreement - Exhibit A Page A-1

----------------------------------------------------------------------------------------------------------------------
CO. COST CENTER NAME/DESCRIPTION MSA RC # Assessment/Allocation Method
----------------------------------------------------------------------------------------------------------------------
0011 Asset Operations 0000 Direct support
----------------------------------------------------------------------------------------------------------------------
0000 Xxxxx Xxxx Xxxxxxx - XX, XX, XX, XX 0000 Anticipated Resources
----------------------------------------------------------------------------------------------------------------------
0011 Public Relations - Astros 1342 Agreed by Executive Com
----------------------------------------------------------------------------------------------------------------------
0011 Best Buddies 1350 MMF
----------------------------------------------------------------------------------------------------------------------
0011 Organization Planning & Performance 1353 MMF
----------------------------------------------------------------------------------------------------------------------
0011 EMS Analysts Recruiting 1356 MMF/Prostaff Usage
----------------------------------------------------------------------------------------------------------------------
0011 SAP Implementation (Project Apollo) 1358 Retained at Corp
----------------------------------------------------------------------------------------------------------------------
0011 Corp Billing R/C (EOC/MSA & ECM) 1400 MMF & Retained At Corp
----------------------------------------------------------------------------------------------------------------------
0000 Xxxxx Xxxx Xxxxxxx - Xxxxxxxxxx/Xxxx 0000 Anticipated Resources
----------------------------------------------------------------------------------------------------------------------
0000 Xxxxx Xxxx Xxxxxxx - Xxxxxx 0000 Anticipated Resources
----------------------------------------------------------------------------------------------------------------------
0011 State Govt Affairs - Mid Atl/NY/NE 1659 Anticipated Resources
----------------------------------------------------------------------------------------------------------------------
0000 Xxxxx Xxxx Xxxxxxx - Xxxxxxx/Xxxxx Xxxxx 0000 Anticipated Resources
----------------------------------------------------------------------------------------------------------------------
0011 Corp IT Compliance & Systems Risk Mgmt 1947 Retained At Corp
----------------------------------------------------------------------------------------------------------------------
0011 Labor Relations Risk Management 1949 Anticipated Resources
----------------------------------------------------------------------------------------------------------------------
0011 Risk Management - Executive 0000 Usage
----------------------------------------------------------------------------------------------------------------------
0011 Gov't Affairs - Mexico 1959 Anticipated Resources
----------------------------------------------------------------------------------------------------------------------
0011 Public Relations - Internet Marketing 1986 MMF
----------------------------------------------------------------------------------------------------------------------
0011 IT - Technology Training 0000 Historical Usage
----------------------------------------------------------------------------------------------------------------------
0011 American Indian Affairs - Gov't Affairs 1989 Retained At Corp
----------------------------------------------------------------------------------------------------------------------
0011 Other G&A costs 2002 MMF
----------------------------------------------------------------------------------------------------------------------
0011 State Gov't/Fed Reg Env/ Implementation 0000 Anticipated Resources
----------------------------------------------------------------------------------------------------------------------
0011 Wind Down - Omaha 2231 Retained At Corp
----------------------------------------------------------------------------------------------------------------------
0011 Fair Employment Practices 2242 % of Headcount
----------------------------------------------------------------------------------------------------------------------
0011 1992 Deferral Plan 2309 Retained At Corp
----------------------------------------------------------------------------------------------------------------------
0011 NQ Stock Plan 2315 Awards grants
----------------------------------------------------------------------------------------------------------------------
0011 Annual Incentive 2316 Estimated payments/MMF (corp only)
----------------------------------------------------------------------------------------------------------------------
0011 Executive Perqs 2317 MMF
----------------------------------------------------------------------------------------------------------------------
0011 Employee Performance Award 2318 MMF
----------------------------------------------------------------------------------------------------------------------
0011 1994 Deferral Plan 2319 Retained At Corp
----------------------------------------------------------------------------------------------------------------------
0011 All Employee Stock Option Plan 2320 5% of est. payroll
----------------------------------------------------------------------------------------------------------------------
0011 Cash Balance/SERP 2321 Included in benefits rate
----------------------------------------------------------------------------------------------------------------------
0011 ESOP/Savings Plan Admin Fees 2326 Included in benefits rate
----------------------------------------------------------------------------------------------------------------------
0011 Inactive Medical FAS 106 2335 Included in benefits rate
----------------------------------------------------------------------------------------------------------------------
0011 Flex Admin/BTA 2338 Included in benefits rate
----------------------------------------------------------------------------------------------------------------------
0011 Executive Supplemental/COLI 2339 Retained At Corp
----------------------------------------------------------------------------------------------------------------------
0011 Professional Accounting Fees 2349 Contract Specific & MMF
----------------------------------------------------------------------------------------------------------------------

PGE/Affiliates Master Service Agreement - Exhibit A Page A-1

----------------------------------------------------------------------------------------------------------------------
CO. COST CENTER NAME/DESCRIPTION MSA RC # Assessment/Allocation Method
----------------------------------------------------------------------------------------------------------------------
0011 ASO Charges 2356 Included in benefits rate
----------------------------------------------------------------------------------------------------------------------
0011 Teach For America 2361 MMF
----------------------------------------------------------------------------------------------------------------------
0011 Contributions, Tables, Multi-Years 2381 Retained At Corp
----------------------------------------------------------------------------------------------------------------------
0011 Corporate Memberships 2396 MMF
----------------------------------------------------------------------------------------------------------------------
0011 Public Relations - Employee Comm. 2397 % of Total Employees
----------------------------------------------------------------------------------------------------------------------
0011 Public Relations - Annual Report 2398 MMF
----------------------------------------------------------------------------------------------------------------------
0011 Public Relations - Corp Communications 2399 MMF
----------------------------------------------------------------------------------------------------------------------
0011 Legal Library 2416 % DT Attorneys
----------------------------------------------------------------------------------------------------------------------
0011 Executive Board Meeting Exp 2418 MMF
----------------------------------------------------------------------------------------------------------------------
0011 Body Shop/Wellness 2454 % of DT Headcount
----------------------------------------------------------------------------------------------------------------------
0011 Employee Recreation 2460 % of DT Headcount
----------------------------------------------------------------------------------------------------------------------
0011 Fuji Lease 3333 Based on Sys depreciation before lease - BU
----------------------------------------------------------------------------------------------------------------------
0011 International Graphics 0000 Direct Usage
----------------------------------------------------------------------------------------------------------------------
0011 Intl PR, Marketing, & Communications 0000 Direct Usage
----------------------------------------------------------------------------------------------------------------------
0011 Conventions/Inauguration 0000 Retained At Corp
----------------------------------------------------------------------------------------------------------------------
0011 Corporate Aircraft Usage 2001 MMF
----------------------------------------------------------------------------------------------------------------------
0011 Support Services (Co 423 Charges) 0281 MMF
----------------------------------------------------------------------------------------------------------------------
0011 SAP XXX Control Group 2468 Determined by the Steering Com
----------------------------------------------------------------------------------------------------------------------
0011 HR & Community Relations - Executive 1133 MMF
----------------------------------------------------------------------------------------------------------------------
0011 Accounts Payable - MSA/SAP 0000 Line Count
----------------------------------------------------------------------------------------------------------------------
0011 Environment 0000 Anticipated Resources
----------------------------------------------------------------------------------------------------------------------
0011 Environment Policy & Compliance 0000 Retained At Corp
----------------------------------------------------------------------------------------------------------------------
0011 EARN Risk Management 0000 Anticipated Resources
----------------------------------------------------------------------------------------------------------------------
0011 EARN Executive 0000 Retained At Corp
----------------------------------------------------------------------------------------------------------------------
0011 Accounts Payable - SUN System 0000 Direct support for EI only
----------------------------------------------------------------------------------------------------------------------
0011 Vision & Values Task Force 0000 MMF
----------------------------------------------------------------------------------------------------------------------
0011 International Government Affairs 0000 Usage
----------------------------------------------------------------------------------------------------------------------
0011 International Regulatory Affairs 0000 Usage
----------------------------------------------------------------------------------------------------------------------
0011 International Project Finance 0000 Usage
----------------------------------------------------------------------------------------------------------------------
0011 Strategic Initiatives 1149 MMF
----------------------------------------------------------------------------------------------------------------------
0011 SAP HR Project 2235 Retained At Corp
----------------------------------------------------------------------------------------------------------------------
0011 MS Analysts Program 2238 Retained At Corp
----------------------------------------------------------------------------------------------------------------------
0011 EARN Origination 0000 Retained At Corp
----------------------------------------------------------------------------------------------------------------------
0011 MD Recruiting & Resource Mgmt 0000 Retained At Corp
----------------------------------------------------------------------------------------------------------------------
0011 Enron Technology Executive 2541 Retained At Corp
----------------------------------------------------------------------------------------------------------------------
0011 Asset Ops - Development Support 0000 Direct Usage
----------------------------------------------------------------------------------------------------------------------
0011 Asset Ops - Construction Support 0000 Direct Usage
----------------------------------------------------------------------------------------------------------------------

PGE/Affiliates Master Service Agreement - Exhibit A Page A-1

----------------------------------------------------------------------------------------------------------------------
0011 SAP Costs Related to Project Apollo 0000 Allocated based on Analyst & Assoc used
----------------------------------------------------------------------------------------------------------------------

PGE/Affiliates Master Service Agreement - Exhibit A Page A-1

Addendum 1

A. List of PGE Affiliates

B. List of Enron subsidiaries
(Included by reference is Enron's SEC filing U3A-2 under the PUHCA of
1935)

Addendum 1B - List of Affiliates Page 1 of 2

The following is a comprehensive list of affiliates with which PGE intends to
transact business. Each of these companies will provide services to and/or
receive services from PGE in accordance with of the Master Service Agreement or
the Addenda thereof:

Addendum Affiliate Status
-------- --------- ------

2. Tule Hub Services Company (Tule Hub) Inactive

3. Enron MicroClimates, Inc. Active

4. Solutions, Information, Imagination, Integration (SI3) Dissolved

5. Enron Communications Inc. (ECI) Active

6. FirstPoint Connections, Inc. (FPConn) Dissolved

7. Enron Convergent Systems, Inc. (ECS) Dissolved

8. World Trade Center Northwest Corporation (WTCNW) Active

9. Portland General Holdings, Inc. (PGH) Active

10. Enron Corp. (ENE) Active

11. Portland Transition Company, Inc. (PTC) Active

12. FirstPoint Customer Care, Inc. (FPCC) Dissolved

13. FirstPoint Utility Solutions, Inc. (FPUS) Renamed; see 16

14. Enron California, Inc. (ECal) Active

15. EnronNorth America, Inc. (ENA) Active

16. Enron Oregon Services, Inc. (EOS) Active

17. PGE-Enron Foundation (Foundation) Active

18. Columbia Willamette Leasing, Inc. (CWL) Merged

19. Enron International, Inc. Active

20. Enron Renewable Energy, Inc. Active

21. Enron VenturesCorp. Active

22. Enron Oregon Marketing, Inc. (EOM) Dissolved

23. Enron Energy Services (EES) Active

Master Services Agreement - Addendum 1B

Addendum 1B - List of Affiliates Page 2 of 2

24. Portland General Operations Company, Inc. (PGO) Inactive

25. T&D Engineering and Construction (T&DEC) Active

26. Salmon Springs Hospitality Group, Inc. (Salmon Springs) Active

27. Portland General Transport Corp. (PGT) Inactive

28. Enron Engineering and Construction Co. (EECC) Active

29. Portland Energy Solutions Company, LLC (PES) Active

30. Enron Distribution Services Company, LLC (EDS) Active

31. 121 XX Xxxxxx Corp. (121 Salmon) Active

32. PGH II, Inc. (PGH II) Active

Master Services Agreement - Xxxxxxxx 0X

Xxxxxxxx 0

Xxxx Xxx Services Company

(Tule Hub is currently inactive and no services are expected to/from PGE)

A. PGE/Tule Hub Services
(Included as part of the Master Services Agreement filed with the OPUC
on 10-31-96, Docket No. UI-153; Approved by the OPUC, Order No.
97-497)

Addendum 3

Enron MicroClimates, Inc.

(FirstPoint Energy Services, Inc. became Enron MicroClimates on 8-21-98)

A. PGE/EMC Services
(Included as part of the Master Services Agreement filed with the OPUC
on 9-12-97, Docket No. UI-163)

Addendum 4

Solutions, Information, Imagination, Integration

(SI3 will be dissolved in 2000)

A. PGE/SI3 Services
(Included as part of the Master Services Agreement filed with the OPUC
on 10-31-96, Docket No. UI-153; Approved by the OPUC, Order No.
97-497)

Addendum 5

Enron Communications, Inc.

(FirstPoint Communications, Inc. became Enron Communications on 3-23-98)

A. PGE/Enron Communications, Inc. Services
(Included as part of the Master Services Agreement filed with the OPUC
on 9-12-97, Docket No. UI-163)

B. PGE/PGH Lease Assignment to ECI
(filed with OPUC on October 31,1996 - Docket UI-153; Approved by Order
No. 97-497)

C. PGE Sale of Surplus Meteorological Tower to ECI
(filed with OPUC on October 31,1996 - Docket UI-153; Approved by Order
No. 97-497 )

D. PGE/ECI lease for space in Three World Trade Center
(Included as part of the Master Services Agreement filed with the OPUC
on 9-12-97, Docket No. UI-163)

E. PGE/ECI lease for space at Three World Trade Center
(Included as part of the application)

F. PGE/ECI lease for space at Beaverton Line Center
(Included as part of the application)

G. PGE/ECI ground lease site descriptions
(Included as part of the application; becomes part of the ground lease
listed as Item B, above)

Enron Communications, Inc. Page 1 of 2

Enron Communications, Inc. (ECI) agrees to become a party to the Master Service
Agreement dated June 16, 1997 and receive from PGE the Services described in
Section 1 of the Master Service Agreement at the prices provided in Section 4 of
the Master Service Agreement and abide by all the terms and conditions thereof.
ECI agrees to offer to PGE the goods and services listed in Table A at the
prices listed subject to the terms and conditions in the Master Services
Agreement.

TABLE A

Description Price Paid by PGE

1. Substation Improvement/Landscaping. Lower of cost or market, with cost
This service is designed to bring PGE as defined in sections 4 and 5 of
substations up to city/county standards. the Master Service Agreement.
Tax Services. This service will
provide tax guidance and consulting
through former PGE employees that
have transferred to ECI.

Master Services Agreement - Addendum 5A

Enron Communications, Inc. Page 2 of 2

Date as of .
-------------------------

Enron Communications, Inc.

----------------------------

by by

Portland General Electric Company Enron Corp.

Master Services Agreement - Addendum 5A

Addendum 6

FirstPoint Connections, Inc.

(FPConn was dissolved on 6-22-98)

A. PGE/FirstPoint Connections, Inc. Services
(Included as part of the Master Services Agreement filed with the OPUC on
9-12-97, Docket No. UI-163)

B. PGE Sale of Software License to FirstPoint Connections, Inc.
(Filed with OPUC on Xxxxxx 0, 0000 - Xxxxxx XX-000; withdrawn, Order No.
98-054).

C. PGE/FConn Services Agreement
(Included as part of the Amendment to the Master Services Agreement filed
with the OPUC on 10-10-97, Docket No. UI-163)

Addendum 7

Enron Convergent Systems, Inc.

(FirstPoint Convergent Systems, Inc. became Enron Convergent Systems on 8-21-98;
ECS was dissolved on 10-19-99)

A. PGE/ECS Services
(Included as part of the Master Services Agreement filed with the OPUC
on 9-12-97, Docket No. UI-163)

Addendum 8

World Trade Center Northwest Corporation

(WTCNW is currently not providing any services to PGE)

A. PGE/WTCNW Services
(Included as part of the Master Services Agreement filed with the OPUC
on 9-12-97, Docket No. UI-163)

B. PGE/WTCNW Service Agreement
(Filed, OPUC Docket UI-126; approved by Order No. 94-1954)

C. PGE/WTC Sublease Agreement
(Included as part of the Amendment to the Master Services Agreement
filed with the OPUC on 6-9-98, Docket No. UI-163)

Addendum 9

Portland General Holdings, Inc.

A. PGE/PGH Services
(Included as part of the Master Services Agreement filed with the OPUC
on 9-12-97, Docket No. UI-163)

Addendum 10

Enron Corp.

A. PGE/Enron Services
(Included as part of the Master Services Agreement filed with the OPUC
on 9-12-97, Docket No. UI-163)

Addendum 11

Portland Transition Company, Inc.

A. PGE/PTC Services
(Included as part of the Master Services Agreement filed with the OPUC
on 9-12-97, Docket No. UI-163)

Addendum 12

FirstPoint Customer Care, Inc.

(FPCC was dissolved on 6-22-98)

A. PGE/FPCC Services
(Included as part of the Master Services Agreement filed with the OPUC
on 9-12-97, Docket No. UI-163)

Addendum 13

FirstPoint Utility Solutions, Inc.

(FirstPoint Utility Solutions, Inc. became FirstPoint, Inc. on 4-14-97; see
Addendum 16)

A. PGE/FPUS Services
(Included as part of the application in Addendum 16)

B. Transfer of Measure, Xxxx, Collect, Respond (MBCR) function from PGE
to FPUS
(filed with the OPUC on September 5, 1997, Docket UI-162; Withdrawn,
OPUC Order No. 98-183)

C. PGE/FPUS Consulting Agreement
(Included as part of the Amendment to the Master Services Agreement
filed with the OPUC on 6-9-98, Docket No. UI-163)

Addendum 14

Enron California, Inc.

(FirstPoint California, Inc. became Enron California on 8-21-98)

A. PGE/ECal
(Included as part of the Master Services Agreement filed with the OPUC
on 9-12-97, Docket No. UI-163)

Addendum 00

XxxxxXxxxx Xxxxxxx Corp.

(Enron Capital & Trade Resources, Inc. became Enron North America on 9-1-99)

A. PGE/ENA Services
(Included as part of the Master Services Agreement filed with the OPUC
on 9-12-97, Docket No. UI-163)

B. PGE transfer of WSA/WAPA contract to Enron Power Marketing, Inc., a
subsidiary of Enron North America
(filed with the OPUC on August 29, 1997, Docket UI-161; approved by
Order No. 97-391) (Termination of WSA, Settlement Exchange Agreement,
BPA Contract DE-MS79-85BP92187; The WSA/WAPA contracts are subject to
FERC jurisdiction per Order No. 888 and 889)

C. PGE/ENA Network Switch Exchange (sale and purchase)
(Filed with the OPUC on May 22, 1998, Docket UI-171; approved by Order
No. 98-488)

D. PGE/ENA Brokerage Services Agreement
(Filed with the OPUC on September 8, 1998 - No Brokerage Services are
Currently Being Performed for ENA by PGE)

E. PGE/ENA Sublease Agreement for Space in the World Trade Center
(Included as part of the application)

Addendum 00

Xxxxx Xxxxxx Services, Inc.

(FirstPoint Utility Solutions, Inc. became FirstPoint, Inc. on 4-14-97;
FirstPoint, Inc. became Enron Oregon Services on 8-20-98; no services are
currently being performed by or for PGE)

A. PGE/EOS Services
(Note: No services between PGE and EOS)

B. Sale of Earth Smart brand to EOS
(filed with the OPUC on July 25,1997, Docket No. UI-155; Approved by
the OPUC, Order No. 97-369)

C. PGE/EOS contract for consulting services in connection with several
DSM projects
(Included as part of the Amendment to the Master Services Agreement
filed with the OPUC on 6-9-98, Docket No. UI-163)

Addendum 17

PGE-Enron Foundation

A. PGE/PGE-Enron Foundation Services
(Included as part of the Master Services Agreement filed with the OPUC
on 9-12-97, Docket No. UI-163)

Addendum 18

Columbia Willamette Leasing, Inc.

(CWL merged with and into Portland General Holdings, Inc., the survivor, on
9-4-98)

A. PGE/CWL Services
(Included as part of the Master Services Agreement filed with the OPUC
on 9-12-97, Docket No. UI-163)

Addendum 19

Enron International, Inc.

A. PGE/Enron International Services
(Included as part of the Master Services Agreement filed with the OPUC
on 9-12-97, Docket No. UI-163)

Addendum 20

Enron Renewable Energy, Inc.

A. PGE/Enron Renewable Energy Services
(Included as part of the Master Services Agreement filed with the OPUC
on 9-12-97, Docket No. UI-163)

Addendum 21

Enron Ventures, Corp.

A. PGE/Enron Ventures Services
(Included as part of the Master Services Agreement filed with the OPUC
on 9-12-97, Docket No. UI-163)

Addendum 22

Enron Oregon Marketing, Inc.

(FirstPoint Power Marketing, Inc became Enron Oregon Marketing on 8-21-98; EOM
was dissolved on 10-19-99)

A. PGE/EOM Services
(Included as part of the Master Services Agreement filed with the
OPUC on 9-12-97, Docket No. UI-163)

Addendum 23

Enron Energy Services, Inc.

(No affiliate services are currently being provided between PGE and EES)

A. PGE/EES Services (Included as part of the Master Services Agreement filed
with the OPUC on 9-12-97, Docket No. UI-163)

Addendum 24

Portland General Operations Company, Inc.

(PGO is currently inactive and no services are being provided by or for PGE)

A. PGE/PGO Services

(included as part of the Amendment to the Master Services Agreement
filed with the OPUC on 6-9-98, Docket No. UI-163)

Addendum 25

T&D Engineering and Construction - a division of Enron Engineering &
Construction Company

(No services are currently being performed by or for PGE)

A. PGE/T&DEC
(included as part of the Amendment to the Master Services Agreement
filed with the OPUC on 6-9-98, Docket No. UI-163)

B. PGE/T&DEC Contracts & Purchase Orders
(included as part of the Amendment to the Master Services Agreement
filed with the OPUC on 6-9-98, Docket No. UI-163)

Addendum 26

Salmon Springs Hospitality Group, Inc.

A. PGE/Salmon Springs Services
(included as part of the Amendment to the Master Services Agreement
filed with the OPUC on 6-9-98, Docket No. UI-163)

B. PGE/Salmon Springs Agreement for Catering Services
(included as part of the Amendment to the Master Services Agreement
filed with the OPUC on 6-9-98, Docket No. UI-163)

Addendum 27

Portland General Transport Corp.

(PGT is currently inactive)

A. PGE/PGT Services
(No Services between PGE and PGT)

B. PGE release (and potential repurchase) of interstate pipeline capacity
to PGT
(Filed February 2, 1999; UI-175, UM-814, UP-156; Approved by the OPUC,
Order No. 99-543)

Addendum 28

Enron Engineering and Construction Co.

A. PGE/EECC Services
(No Services between PGE and EECC)

B. PGE assignment of certain benefits under the Westinghouse Settlement
Agreement to EECC
(Filed February 17, 1999; UI-176,UP-157, UE-102; Approved by Order
Nos. 99-258 and 99-281)

Addendum 29

Portland Energy Solutions Company, LLC

A. PGE/PES Services
(included as part of the application)

Portland Energy Solutions Company, LLC Page 1 of 1

Portland Energy Solutions Company, LLC (PES) agrees to become a party to the
Master Service Agreement dated June 16, 1997 and receive from PGE the Services
described in Section 1 of the Master Service Agreement at the prices provided in
Section 4 of the Master Service Agreement and abide by all the terms and
conditions thereof.

Date as of .
-------------------------

Portland Energy Solutions Company, LLC

------------------------------

by by

Portland General Electric Enron Corp.

Master Service Agreement - Addendum 29A

Addendum 30

Enron Distribution Services Company, LLC

A. PGE/EDS Services
(included as part of the application)

Enron Distribution Services Company, LLC Page 1 of 1

Enron Distribution Services Company, LLC (EDS) agrees to become a party to the
Master Service Agreement dated June 16, 1997 and receive from PGE the Services
described in Section 1 of the Master Service Agreement at the prices provided in
Section 4 of the Master Service Agreement and abide by all the terms and
conditions thereof.

Date as of .
-------------------------

Enron Distribution Services Company, LLC

-------------------------

by by

Portland General Electric Enron Corp.

Master Service Agreement - Addendum 30A

Addendum 31

121 XX Xxxxxx Corp.

A. PGE/121 Salmon Services
(No services between PGE and 121 Salmon)

B. PGE/121 Salmon sublease of World Trade Center
(Amended sublease application filed with the OPUC on 12-19-97, UI-169;
approved by OPUC Order No. 98-193)

Addendum 32

PGH II, Inc.

A. PGE/PGH II Services
(included as part of the application)

PGH II, Inc. Page 1 of 2

PGH II, Inc. (PGH II) agrees to become a party to the Master Service Agreement
dated June 16, 1997 and receive from PGE the Services described in Section 1 of
the Master Service Agreement dated at the prices provided in Section 4 of the
Master Service Agreement and abide by all the terms and conditions thereof. PGH
II agrees to offer to PGE the goods and services listed in Table A at the prices
listed subject to the terms and conditions in the Master Services Agreement.

TABLE A

Description

1. Executive Oversight. This service Cost, as defined in sections 4 and
includes the provision of managerial 5 of the Master Service Agreement.
oversight, and strategic planning.
These services were previously supplied
by PGC.

2. General Governance. This service Cost, as defined in sections 4 and
includes managerial guidance by 5 of the Master Service Agreement.
non-executives. This service was
previously supplied by PGC.

3. Legal Services. This service includes Cost, as defined in sections 4 and
legal support for various proceedings 5 of the Master Service Agreement.
and activities at PGE. These services
were previously supplied by PGC.

Price Paid by PGE

Master Service Agreement - Addendum 32A

PGH II, Inc. Page 2 of 2

Date as of .
-------------------------

PGH II, Inc.

------------------------

by by

Portland General Electric Company Enron Corp

Master Service Agreement - Addendum 32A

Attachment 2

Health Benefits Paid to Enron as of 1-1-00

[table omitted]

Attachment 3

Additional Leases with Affiliates

[Lease between Portland General Electric Company, as landlord and Enron North

America Corp., as tenant, as of November 1, 1999 - omitted.

License Agreement between Portland General Electric Company and Enron

Communications, Inc., dated as of August 20, 1999 - omitted.

Ground Lease and Easement between Portland General Electric Company and Enron

Communications, Inc., dated as of November 1, 1999 - omitted. ]

Document Metadata

Table of Contents

RECITALS

Document Metadata