Enron Mail

From:mark.whitt@enron.com
To:clancy.aschbrenner@coastalcorp.com, steven.saye@coastalcorp.com
Subject:WIC Medicine Bow Release
Cc:paul.lucci@enron.com, gerald.nemec@enron.com, stephanie.miller@enron.com
Bcc:paul.lucci@enron.com, gerald.nemec@enron.com, stephanie.miller@enron.com
Date:Tue, 20 Feb 2001 03:03:00 -0800 (PST)

As we discussed, ENA is going to release a portion of it's Medicine Bow
capacity to 2 different parties. We would like to begin this process and
make sure we follow the proper procedures in the WIC tarriff. In addition we
want to make sure that the releases are properly coordinated and go off
without a hitch. The following are the terms of the releases and the
counterparties.

1. Counterparty: J M Huber Corp.
Quantity: 10,336 MMbtu/d
Term: November 1, 2001 - the term of the contract
Contract # 41066-000

2. Counterparty: J M Huber Corp.
Quantity: 42,337 MMbtu/d
Term: November 1, 2002 - the term of the contract
Contract # 41066-000

3. Counterparty: CMS Transmission and Storage
Quantity: 7,172 MMbtu/d
Term: January 1, 2002 - the term of the contract
Contract # 41066-000

4. Counterparty: CMS Transmission and Storage
Quantity: 1,015 MMbtu/d
Term: December 1, 2002 - the term of the contract
Contract # 41066-000

5. Counterparty: CMS Transmission and Storage
Quantity: 1,015 MMbtu/d
Term: January 1, 2002 - November 30, 2002
Contract # 41075-000 ( Volumetric Firm)

Each of these releases would be done with the following terms:

1. First bidder meeting minimum terms
2. Permanent release
3. Hide the minimum rate
4. The release will be at the contract rate
5. The release will be recallable
6. ENA will then follow up with a notice to WIC that we are giving up our
recall rights at a later date

Please let me know if this looks ok to you and let me know if each of these
parties are authorized to do capacity releases with WIC.

Thanks for your help.

Mark