Re: El Paso Merchant Comments on Reporting Requirements

FYI. El Paso Merchant is advocating the gathering of financial information
on the gas markets. As Leslie says, this may be their quiet method of
highlighting the role of Enron in the market.

Jim

---------------------- Forwarded by James D Steffes/NA/Enron on 06/19/2001
02:30 PM ---------------------------
From: Leslie Lawner on 06/19/2001 11:47 AM
To: Donna Fulton/Corp/Enron@ENRON
cc: Christi L Nicolay/HOU/ECT@ECT, James D Steffes/NA/Enron@ENRON, Phillip K
Allen/Enron@EnronXGate, Ray Alvarez/NA/Enron@ENRON, Rebecca W
Cantrell/HOU/ECT@ECT, Sarah Novosel/Corp/Enron@ENRON, Stephanie
Miller/Enron@EnronXGate

Subject: Re: El Paso Merchant Comments on Reporting Requirements

Maybe this is how they think they will turn the attention to Enron.

Donna Fulton
06/19/01 11:19 AM

To: James D Steffes/NA/Enron@Enron, Christi L Nicolay/HOU/ECT@ECT, Sarah
Novosel/Corp/Enron@ENRON, Leslie Lawner/NA/Enron@Enron, Rebecca W
Cantrell/HOU/ECT@ECT, Stephanie Miller/Enron@EnronXGate, Phillip K
Allen/Enron@EnronXGate
cc: Ray Alvarez/NA/Enron@ENRON
Subject: El Paso Merchant Comments on Reporting Requirements

El Paso Merchant filed comments yesterday in the Reporting Requirements
docket. They did not argue against the collection of the new proposed data,
but rather argued that the Commission needed to add to the information to be
gathered to include financial market data. El Paso states that the financial
market is believed to be ten times as large as the physical market. El Paso
suggests the following information be collected:
the name of the counter party to the financial trade
the quantitiy of gas underlying the financial trade
all the pricing terms of the trade stated in price per MMBtu
the time period of the trade, including starting and ending dates
the date on which the deal was entered into
the type of trade

El Paso Merchant also argues for confidential treatment and a sunset date for
the collection of the data (tied to when EIA finds supply and demand in
California in balance.)

I have a fax of the comments, but do not yet have them electronically. Let
me know if you want a copy faxed.