Re: New Product

We need these locations set up to trade financial products for now. We will
be trading physical at Carthage but firmness is not a problem there. Agua
Dulce firmness may be a problem for physical, but as of now we are only going
to trade it financially.

Dale Neuner 05/01/2000 09:43 AM

To: Eric Bass/HOU/ECT@ECT
cc: Melba Lozano/HOU/ECT@ECT
Subject: Re: New Product

Since the Product Type description is "US Gas Basis", it is implied that the
swap is against last day NYMEX and some othe MONTHYL CONTRACT PRICE, which is
why we specify GD/D, so the viewer knows its a NYMEX last day vs. Gas Daily
Average price. Take a look at the Indexes used in the other Basis swaps that
are out there and you'll see what I mean.
I'm a little concerned about the request for Agua Dulce and Carthage. If
memory serves me, Elsa tried to push these through earlier and it was
determined that gas at these delivery points was interruptable. Interruptable
gas is NOT offered on EOL. PLease check with Elsa on this.

Enron Capital & Trade Resources Corp.

From: Eric Bass 05/01/2000 09:02 AM

To: Dale Neuner/HOU/ECT@ECT
cc: Melba Lozano/HOU/ECT@ECT, Todd Richardson/Corp/Enron@Enron
Subject: New Product

Dale,

On the new Gas Daily product that you are setting up, I think it would be a
good idea to have a Nymex reference in the short description. Something
like, US Gas Daily NX GD/D HSC.

In addtion, we need two new index locations set up, Carthage hub and Agua
Dulce hub. Please contact Todd Richardson for further details on these.

Thanks for your help.