RE: Dominion Producers

Kathryn, add whatever comments you have especially the one about going back to sep, then i'm going to rewrite this email and send it out to all these people down below.

Kay, who should I work with at Weil?
Jeff, Loretta, are you the right contacts for me at PwC?
Shemin, my first queston for you is will ENA have to pay the producers for December (possibly January)?
Kathryn, what are the imbalances for EES on 11/30/01

I've added Kathryn Bussell to the list. Kathryn is over the EES Logistics group. EES has been signing some of the producer letters allowing the producers

-----Original Message-----
From: McMichael Jr., Ed
Sent: Tuesday, March 05, 2002 1:14 PM
To: Germany, Chris; '"Proctor, Shemin V." <sproctor@akllp.com<@ENRON'
Cc: Mann, Kay; Price, Wade R.; Concannon, Ruth; Garza, Maria; Jeff Benton (E-mail); Loretta Cross (E-mail)
Subject: RE: Dominion Producers

Chris,
I need you to lead the effort to work with/through legal to fully explore our alternatives and then recommend a solution to resolve. PwC and Weil probably need to be informed of your efforts. If you have any questions, please ask.
Ed

-----Original Message-----
From: Germany, Chris
Sent: Tuesday, March 05, 2002 10:28 AM
To: '"Proctor, Shemin V." <sproctor@akllp.com<@ENRON'; McMichael Jr., Ed
Cc: Mann, Kay; Price, Wade R.; Concannon, Ruth; Garza, Maria
Subject: RE: Dominion Producers

Listed below are ENA's pool balances as of 11/30/01 and 12/31/01. From ENA's perspective, I would prefer to terminate the pools effective 11/30/01. That would leave ENA with a negative pre-petition imbalance on Dominion and ENA would not have to pay the producers for December production or worry about selling a positive imbalance in an un-friendly market. However, Dominion will probably not let ENA terminate the pools until 12/31/2001 due to the negative cumulative imbalance.

Questions that need to be answered,
** will ENA have to pay the producers for December (possibly January) production if Dominion will not let ENA terminate the pools any earlier?
** how will Dominion handle the positive imbalance if the pool is terminated on 12/31/01 or later?

The operations contact at Dominion is Iris King (304-627-3213), she is one of the managers over the operations group. In my opinion, we should terminate the pools as early as possible.

3/5/02 Per Vickie Coen at Dominion
ENA Pool Balances as of
11/30/01 12/31/01
Gat North 1,323 2,187
Tran North 0 0
Gat South (26,482) 31,583
Tran South 5,412 8,143

Cumulative (19,747) 41,913
Dom Inside Ferc $3.37 $2.42

-----Original Message-----
From: "Proctor, Shemin V." <sproctor@akllp.com<@ENRON
Sent: Tuesday, March 05, 2002 6:31 AM
To: Germany, Chris
Cc: Mann, Kay; Price, Wade R.
Subject: Dominion

Hi Chris,
I am just checking to see whether you sent me your conclusions regarding
whether ENA should terminate the pooling agreement with Dominion. Do we
still need to speak with Iris? And, can we set up a meeting with Ed
McMichael so that we can make a decision and move forward? Please call
(5-3910) or email me.
Thanks,
Shemin