Various

Guys, as a follow on to our discussion last week:

a) run the RFP for VN service for Electro - variety of terms, volumes as
per our discussion - next thirty days - Orlando;
b) explore the possibility of adding four additional LM's to the Electrobolt
structure as a form of generation mitigation for the Electro short - would
Petrobras be open to this discussion and what would be the last date that we
would have to call NTP to get in on time to make 2003 - Joe;
c) as much information on the nature of the Electro short and any customer
contractual positions that can be provided to Lavo to start estimating the
value of the possible straddle - Orlando
d) re-run the Cuiba MTM model given changing cost parameters, fuel issues
and timing to determine what the possible hit may be and what are the
mitigants - Joe;
e) re-run budget numbers with correct view on re-organization costs - Joe;
f) view on financial budget and strategic goals for 2001 and feedback to ESA
- Lavo/Delainey;
g) update commercial org chart reflecting discussions about the origination
teams - Joe;
and h) clarification on sale and asset responsibility in SA on a go forward
basis given changing opinions on effectiveness of current organization - Lavo.

Outsourcing contacts:
a) PetroCanada/Suncor - Eric LeDain
b) Peoples Gas - Laura Luce
c) Virginia Natural Gas - Ed McMichael
d) Brooklyn Union - Ed McMichael

Regards
Delainey