Enron Mail

From:barry.tycholiz@enron.com
To:rwxc@pge.com
Subject:Gas Purchases and Transportation
Cc:
Bcc:
Date:Tue, 18 Sep 2001 15:59:44 -0700 (PDT)

Ray... seems like its been a while since we met in San Fransisco, .... and of course so much has happened since then.

I have been talking with our in house legal and with Canada and I know Eric and yourself have also been talking. I believe that the door has been pushed open a little and if everyone tries to get these agreements cleaned up and executed that PG&E and Enron ( Canada & US ) can start to transact.

With that being said, there are two areas which I would like to refresh from our discussions..

1. Did you give any further thought to the utilization of Daily gas sales as a collateral.. I truly believe that this vehicle is a very efficient,easy way for PG&E to enhance the credit with ENA and once we have a 30 day bucket... we can get you trading access to EOL. Lot's of details to work out, but I would like to keep this discussion at the forefront. I can send the details of how this proposal would work if required. ( let me know )

2. As discussed, ENA holds some 5 year El Paso capacity. I am looking to assign this capacity and possibly and would like to investigate your supply requirements and possible alternatives such that you can consider our capacity.

I trust all is well and look forward to talking to you soon.

Barry Tycholiz