RE: Basis

---------------------- Forwarded by Chris H Foster/HOU/ECT on 02/01/2001
10:43 AM ---------------------------

Enron Capital & Trade Resources Corp.

From: "Sean Breen" <sbreen@czn.com< 02/01/2001
10:19 AM

To: <Chris.H.Foster@enron.com<
cc: "Art Gelber" <agelber@gelbercorp.com<
Subject: RE: Basis

I concur with the linkage of San Juan Basis to NYMEX deals identified in the
attached sheet.

-----Original Message-----
From: Chris.H.Foster@enron.com [mailto:Chris.H.Foster@enron.com]
Sent: Thursday, February 01, 2001 10:49 AM
To: sbreen@czn.com
Subject: Basis

---------------------- Forwarded by Chris H Foster/HOU/ECT on 02/01/2001
09:46 AM ---------------------------

(Embedded Enron Capital & Trade Resources Corp.
image moved
to file: From: "Charlie Sanchez"
pic24370.pcx) <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

(See attached file: Feb Basis.xls)