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Enron Mail |
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Trailblazer Discussions with KM, NBP & EOTT EOTT preliminary bid received - $65 - 70 MM NBP preliminary bid indicated - $68 MM KM may come back with another price EOTT/NBP discussions on price planned for next week MOPS PSA signed 13 November Will coordinate with Wilkie & Burleson on our obligations prior to close Discovery Have notified Merrill of ETS withdrawal and NBP interest Calypso + Bahamas LNG Development on sale to outside parties No anticipated role for ETS Southern Trails TW has submitted expression of interest to Questar Due diligence report expected Beaver Beginning to reinsert into information flow Valuations FPL (on hold) Other Industry analysis ongoing Hold Valuations Complete Alta PGT Tornado Wolverine Columbia Gulf TCPL First cut valuation complete Produces strong cash flow; long-term growth; growing power business; substantially cleaned-up balance sheet Risks lie in competition (Alliance, etc) and regulatory environment; minimal transmission growth near term MRT/REGT First cut valuation complete Reliant had put assets up for sale in early 2000 but didn't get their price; current indications that they may want to sell MRT looks appealing - storage opportunities; cash flow; St Louis market REGT - old supply basin; stagnant market; old infrastructure Next step is to refine analysis and determine approach to Reliant Stephen Dowd Enron Transportation Services 713-345-7219 (office) 713-858-8867 (mobile)
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