Re: Next Steps for Midwest Gas Strategy

Here is a summary of AGL prepared by Tom Chapman.

From: James D Steffes on 01/31/2001 10:54 AM
To: Roy Boston/HOU/EES@EES, Janine Migden/NA/Enron@Enron, Susan M
Landwehr/NA/Enron@Enron, Jeff Dasovich/NA/Enron@Enron, Steve
Montovano/NA/Enron@Enron
cc: Laura Luce/Corp/Enron@Enron
Subject: Next Steps for Midwest Gas Strategy

I wanted to follow-up with everyone following yesterday's meeting.

It appears to me that we need to develop (1) a better analysis of the four
market models - AGL (Steve M), Columbia of Ohio (Janine), Socal Gas (Jeff),
NICOR (Roy) - based on some key elements and (2) the key Influence parties in
Illinois with 5 layer Influence Circles that we need to be thinking about in
this discussion.

It would be great if we could get this to Laura for distribution by end of
day Friday (realize it's tight).

Key elements for Market Models --

1. Direct Access Allowed? For What customers? What timeline?
2. Upstream Capacity resolution - assignment or otherwise? Are there assets
left to optimize
3. Retail pricing - Fixed price vs. PBR (how?) vs. something else?
4. Role of Wholesale Outsourcing Agent (would ENA sell to marketers or
utilities or both?)
5. Other Issues

Thanks,

Jim