Re: Lost CreekGathering Company

Thanks for the update. I spoke with Ranabir this morning and it is my
understanding that Lost Creek will enter into the swap without a credit
support provider. Based on that fact and the fact that we are selling our
interest down to Northern Border, the ISDA should be okay without any
incremental credit provisions.

Thanks,
Bill

From: Sara Shackleton on 09/11/2000 04:29 PM
To: William S Bradford/HOU/ECT@ECT
cc:
Subject: Lost CreekGathering Company

Bill: I couldn't recall if I mentioned the above entity (35% Enron owned and
65% Burlington owned, I understand) but I was contacted by Ranabir Dutt
(X35274) to review an ISDA and 10 year rate swap for Lost Creek and Barclays
Bank PLC.. I told Ranabir to contact credit. He said that was Enron was
immediately selling its interest. The swap becomes effective 9/15/00.