Re: Sempra

---------------------- Forwarded by Sara Shackleton/HOU/ECT on 05/25/99 10:52
AM ---------------------------
To: Sara Shackleton/HOU/ECT@ECT, Mary G Gosnell/HOU/ECT@ECT
cc:
Subject: Re: Sempra

FYI

---------------------- Forwarded by Jefferson D Sorenson/HOU/ECT on 05/24/99
12:17 PM ---------------------------

Lee Munden
05/24/99 11:52 AM
To: Jefferson D Sorenson/HOU/ECT@ECT
cc:
Subject: Re: Sempra

Jeff

I have spoken with Carl and agreed to send him a draft Master gas sales
agreement, together with ISDA documentation based upon the agreement that
Carl says is already in place with ECT Houston.

Lee

To: Lee Munden/LON/ECT@ECT
cc:
Subject: Re: Sempra

Do you anticipate doing trades with Sempra in the future? Please see below
which indicates Sempra's desire for a master if that is the case. Please let
me know.
713-853-5294.

Thank you,
Jeff Sorenson
---------------------- Forwarded by Jefferson D Sorenson/HOU/ECT on 05/24/99
10:06 AM ---------------------------

Tanya Rohauer
05/24/99 10:03 AM
To: Jefferson D Sorenson/HOU/ECT@ECT
cc:
Subject: Re: Sempra

I suspect they plan to do deals there as they are trying to get Enron Corp to
guaranty the UK entities. Talk to Lee Munden (London Credit) as he has been
managing the Sempra relationship over there.

Thanks,
Tanya

To: Tanya Rohauer/HOU/ECT@ECT
cc:
Subject: Re: Sempra

Do you anticipate future ECT International deals with Sempra?

Thanks,
Jeff
---------------------- Forwarded by Jefferson D Sorenson/HOU/ECT on 05/24/99
09:53 AM ---------------------------

Sara Shackleton
05/24/99 09:15 AM
To: Jefferson D Sorenson/HOU/ECT@ECT
cc:
Subject: Re: Sempra

Credit needs to initiate (and it may have to be London credit) but Tanya
Rohauer will know. FYI - London told us that Sempra "will not trade with ECT
International." SS

To: Sara Shackleton/HOU/ECT@ECT
cc: Mary G Gosnell/HOU/ECT@ECT
Subject: Sempra

If we anticipate having to document any trades under ECT International Carl
Petersen is going to want a Master set up with that entity. Who needs to
initiate that?

Thanks,
Jeff