Talking points on gas in CA

From: jennifer.thome@enron.com

To: rebecca.cantrell@enron.com, christi.nicolay@enron.com

Subject: Talking points on gas in CA

Cc: james.steffes@enron.com, ban.sharma@enron.com, jeff.dasovich@enron.com,joe.hartsoe@enron.com, ray.alvarez@enron.com, nancy.bagot@enron.com, janel.guerrero@enron.com

Bcc: james.steffes@enron.com, ban.sharma@enron.com, jeff.dasovich@enron.com,joe.hartsoe@enron.com, ray.alvarez@enron.com, nancy.bagot@enron.com, janel.guerrero@enron.com

Date: Wed, 23 May 2001 01:13:00 -0700 (PDT)

Becky and Christi:

Attached are revised talking points on natural gas in CA. I have made
revisions to reflect our discussion yesterday (e.g., no price caps, basis
differential is not explained by transportation costs, etc.).

As discussed, I hope to get input from the gas fundamentals group tomorrow
and finalize this document by Friday.

I welcome your feedback.

Jennifer
5-3550