Basis

---------------------- Forwarded by Chris H Foster/HOU/ECT on 01/31/2001
10:58 AM ---------------------------

Enron Capital & Trade Resources Corp.

From: "Charlie Sanchez" <csanchez@pdq.net<
01/25/2001 12:24 PM

Please respond to <csanchez@gelbercorp.com<
To: "Chris Foster" <chris.h.foster@enron.com<
cc: "Kim Ward" <kim.ward@enron.com<, "Arthur Gelber" <agelber@gelbercorp.com<
Subject: Basis

The enclosed document links the basis transactions for the 200,000 MMbtu
done on 1/10/2001 to various February fixed-price deals. Please confirm
that this is the information that is required to avoid taking on more volume
than intended.

Kind regards,

Charlie Sanchez
Gelber & Associates

- Feb Basis.xls