Step 1: Understanding the Concept
In glycolysis, the enzyme enolase acts on 2-phosphoglycerate and removes one water molecule (dehydration).
Step 2: Product
This gives phosphoenolpyruvate, which has a high-energy enol phosphate bond.
Step 3: Other steps
Fructose 6-P to fructose 1,6-bisP is phosphorylation. PEP to pyruvate forms ATP, and G3P to 1,3-bisPGA is oxidation with NADH formation. None of these releases water.
Final Answer:
Water is formed in the 2-phosphoglycerate to phosphoenolpyruvate step.
\[ \boxed{\text{(C) }\text{2 Phosphoglycerate}\ \rightarrow\ \text{2 Phosphoenolpyruvate}} \]