California Gas Demand Growth

This should probably be researched further. If they can really build this
many plants it could have a huge impact on the Cal border basis. Obviously
it is dependent on what capacity is added on Kern, PGT and TW but it is hard
to envision enough subscriptions to meet this demand. Even if it is
subscribed it will take 18 months to 2 years to build new pipe therefore the
El Paso 1.2 Bcf/d could be even more valuable.

Mark

----- Forwarded by Mark Whitt/NA/Enron on 02/09/2001 03:04 PM -----

Tyrell Harrison@ECT
Sent by: Tyrell Harrison@ECT
02/09/2001 09:26 AM

To: Barry Tycholiz/NA/Enron@ENRON, Mark Whitt/NA/Enron@Enron, Paul T
Lucci/NA/Enron@Enron, Kim Ward/HOU/ECT@ECT, Stephanie
Miller/Corp/Enron@ENRON, Phillip K Allen/HOU/ECT@ECT
cc:
Subject: California Gas Demand Growth

If you wish to run sensitivities to heat rate and daily dispatch, I have
attached the spreadsheet below.

Tyrell
303 575 6478