Re: Enron Pipeline Company - Argentina S.A. ("EPCA")

fyi
---------------------- Forwarded by Sara Shackleton/HOU/ECT on 01/18/2000
08:33 AM ---------------------------

Nancy Muchmore@ENRON_DEVELOPMENT
01/18/2000 07:09 AM
To: Peter E Weidler/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: Sara Shackleton/HOU/ECT@ECT
Subject: Re: Enron Pipeline Company - Argentina S.A. ("EPCA")

Here is a translation of the resolutions passed by EPCA which show who is
authorized to sign various types of documents:

Peter E Weidler
01/18/2000 06:40 AM
Sent by: Peter Weidler
To: Sara Shackleton/HOU/ECT@ECT, Nancy
Muchmore/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc:

Subject: Re: Enron Pipeline Company - Argentina S.A. ("EPCA")

Thanks - it is - now I need to figure out if I can sign for EPCA

Nancy - please let me know asap - who can sign for EPCA.

Pete

Sara Shackleton@ECT
01/17/2000 04:36 PM
To: Peter E Weidler/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc:

Subject: Re: Enron Pipeline Company - Argentina S.A. ("EPCA")

I hope Bruce's explanation is sufficient! Please call me if you have any
other questions. Thanks. Sara
---------------------- Forwarded by Sara Shackleton/HOU/ECT on 01/17/2000
04:34 PM ---------------------------

Bruce Harris@ENRON_DEVELOPMENT
01/17/2000 02:08 PM
To: Sara Shackleton/HOU/ECT@ECT
cc: Nancy Muchmore/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Glenn E
Matthys/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Rick
Hopkinson/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Bruce
Harris/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
Subject: Re: Enron Pipeline Company - Argentina S.A. ("EPCA")

The purpose of the account is to buy 0.5% of TGS shares. By buying those
shares, Enron will be able to utilize NOLs that are currently trapped in
CIESA, the parent company of TGS. Jeff Kinneman's group will handle actual
market execution. Glenn, please forward to Ted and Sara a copy of the
signed DASH.

Regards, Bruce

Sara Shackleton@ECT
01/17/2000 02:03 PM
To: Bruce Harris/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Nancy
Muchmore/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc:

Subject: Enron Pipeline Company - Argentina S.A. ("EPCA")

Would someone please provide me with an explanation of the purpose of this
account. Thanks. Sara
---------------------- Forwarded by Sara Shackleton/HOU/ECT on 01/17/2000
02:02 PM ---------------------------

Susan Bailey
01/17/2000 01:11 PM
To: Sara Shackleton/HOU/ECT@ECT
cc:
Subject: Enron Pipeline Company - Argentina S.A. ("EPCA")

Sara,

Ted Murphy has executed the documents relating to the opening of a brokerage
account for EPCA @ Morgan Stanley. Ted has asked that you send him an e:mail
message as to the purpose of the EPCA brokerage account.

Thanks.