Hourly Gas Deals

FYI. If you have any comments, please get them to Tommy.
---------------------- Forwarded by Brenda F Herod/HOU/ECT on 07/17/2000
04:54 PM ---------------------------

Enron Technology

From: Tommy J Yanowski 07/17/2000 11:08 AM

To: Robert Superty/HOU/ECT@ECT, Brenda Herod, Edward D Gottlob/HOU/ECT@ECT,
Donna Greif
cc: Scott Mills, Dave Nommensen, Jeff Johnson/Corp/Enron@Enron, Romeo
D'Souza/HOU/ECT@ECT
Subject: Hourly Gas Deals

Here is a high level summary of our discussions last week. I believe that
the calculations listed below under option 1 show how HPL would like to
capture deals and see their postions all based on a 24 hour flow rate basis.
Option 2 shows what the values would look like under an hourly flow basis.

Bob: Please review with the other trading directors and see if they also
prefer to see everything on a 24 Hour Flow Rate basis. Thanks! - Tommy