Re: New Marketing Company

Susan, I have been discussing with Shelley the creation of a new company for
us to hold capacity on other pipes. I would like for you to please work with
her in helping to create this opportunity. We can discuss it further when you
get back. Thanks.

Steve
---------------------- Forwarded by Steven Harris/ET&S/Enron on 12/01/2000
03:10 PM ---------------------------

Shelley Corman
12/01/2000 01:21 PM
To: Steven Harris/ET&S/Enron@ENRON
cc:

Subject: Re: New Marketing Company

I'm not suggesting limiting the term. Just recognize that NEWCO will have to
follow different rules for each of the 3 scenarios below:

30 days or Less - Can do above max rate, no need for bidding
30 days - 1 Year - Can do above max rate, all deals must be posted for bid
Greater than 1 Year - Deals limited by max. cost-based rate (unless the
company gets around it by selling delivered gas); all capacity release deals
of greater than 1 year Must Be Posted on the Pipeline EBB for Bid.