Re: CES Storage

Chris - did you ask Kate who helped with the Bug deal. Even if they are not
the ones for CES, at least they could be at the meeting and help us iron out
the issues we will face here. Please let me know.

Also, a side note: we received the proxy schedule from Melissa, but I'm
curious if you all have discussed the ending balance for March. Out of
curiousity, are they withdrawing right now? Are they near their required
minimums or well below? We need to verify all of this so that we know what
we're working with when we start doing storage for our own account and use.

Chris Germany
03/16/2000 09:01 AM
To: Jeff W Westover/HOU/ECT@ECT, Sherry Anastas/HOU/ECT@ECT, Bryce
Baxter/HOU/ECT@ECT, Mechelle Stevens/HOU/ECT@ECT, Colleen Sullivan/HOU/ECT@ECT
cc: Scott Goodell/Corp/Enron@ENRON, Scott Neal/HOU/ECT@ECT
Subject: CES Storage

I know we have not been treating storage correctly in Sitara. I would like
to disscuss the best way to handle the CES storage. It involves several
pipelines. Who should I talk to?

On some storage contracts, ENA will buy the gas from CES on withdrawals and
sell the gas to CES on injections.

On other storage contracts, CES will give ENA a predetermined injection
schedule. However, ENA will make the acutal injection and withdrawal
decisions. Which means, what we bill CES will be different from what
actually happens. I know this is what we did with BUG, I just don't know how
to do it.

Who do I need to meet with to discuss CES storage?