Re: Futures Deal w/ Sempra

Hello, I just spoke with Joe Hunter. His group is supposed to call you and
ask if you want to ADP the deal. Then they notify the brokers to let them
know. Joe Hunter's group will handle this part of the process in the
future. In the future when these trades are entered into Enpower we would
like for you all to put a comment in the deal saying that it is a deal that
when physical off of the NYMEX. We do not want to confirm these
transactions. We sent a confirmation letter on this deal and that is what
caused all of the confusion. Regardless if the deal has been ADP'd or not
we do not want to confirm these transactions since they were originally done
on the NYMEX. So please let everyone know to put a note in the deal so we
won't confirm them and hopefully we won't have all of this confusion again in
the future.

Thanks for you help!

Let me know if you need me to do anything else.
Melissa

Kate Symes 12/05/2000 12:33 PM

To: Melissa Ann Murphy/HOU/ECT@ECT
cc:
Subject: Re: Futures Deal w/ Sempra

I've spoken with Tim Cannon at Sempra, who said that what he needed was for
our broker and his broker to talk to each other and agree that this deal has
gone physical and is no longer on NYMEX. Then I talked to Matt Motley, who
talked to his broker, who will now talk to Sempra's broker and hopefully
solve this once and for all.

You're right though. There's no need for it to be this difficult, especially
when we do it every month. I think it would be really helpful if we could get
a hold of Dave Dupre to find out how this was handled before. If we can't, I
guess we'll just have to determine who will take responsibility for making
sure these deals are recognized as physical by both parties. I would be happy
to do that each month when we exercise our futures options, but I want
everyone involved to be aware of the procedure.

Thanks a lot for helping on this. Please let me know if you find out anymore.

Thanks,
Kate

Melissa Ann Murphy
12/05/2000 06:45 AM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: Re: Futures Deal w/ Sempra

Hello, I left a message for David Dupre and he has not called me back. If
you want to have Matt call Tim Cannon at Sempra that would be fine. His
phone number is (203) 355-5190. I don't know why this has been so
difficult. If I hear from David I will let you know. I want to know how he
handled these deals in the past.

Thanks,
Melissa
(713) 853-1886

Kate Symes 12/04/2000 06:31 PM

To: Melissa Ann Murphy/HOU/ECT@ECT
cc:
Subject: Futures Deal w/ Sempra

Just curious - did you ever catch up with Larry Joe Hunter regarding the Long
Term Southwest desk's futures deal with Sempra? I'm wondering if I should
grab Matt Motley before he goes home today to let him know he needs to get a
hold of Tim Cannon about the ADT. Let me know when and if you talk to him.

Thanks,
Kate