NETBACK MODEL

---------------------- Forwarded by Mark Breese/HOU/ECT on 04/25/2001 09:30
AM ---------------------------

Enron Capital Management

From: Mark Breese 03/27/2001 02:48 PM

To: Jin Guo/HOU/ECT@ECT
cc:
Subject: NETBACK MODEL

---------------------- Forwarded by Mark Breese/HOU/ECT on 03/27/2001 02:45
PM ---------------------------

Phil DeMoes@ENRON
03/20/2001 08:31 AM
To: Mark Breese/HOU/ECT@ECT
cc:
Subject: NETBACK MODEL

Mark,

Les has worked up some economics on transport regarding Elba. He would like
to have some pull down buttons for fuel, zone, gri, etc. to look at different
netbacks. He is continuing to revise this but this is the first start.
Whoever is working on this needs to get an overview from Les and I so they
understand what we are looking for.

Thanks.
---------------------- Forwarded by Phil DeMoes/Corp/Enron on 03/20/2001
08:33 AM ---------------------------

Les Webber @ ENRON_DEVELOPMENT

03/20/2001 07:55 AM
To: Phil DeMoes/Corp/Enron@ENRON
cc:

Subject: NETBACK MODEL

PHIL:

Here is trhe model we discussed.

I am going to add some sheets this A.M., so if Mark is going to get someone
to work on it, the individual should go thru what I have done, determine what
improvements can be made, then contact me. I will send the latest version to
them, then they will take over full control.

Regards.
Les