From: lorna.brennan@enron.com
To: julie.mccoy@enron.com, steve.klimesh@enron.com, gary.sova@enron.com, rob.wilson@enron.com, lon.stanton@enron.com, david.marye@enron.com, courtney.barker@enron.com, sarabeth.smith@enron.com, margaret.carson@enron.com, danny.mccarty@enron.com, roger.westfall@enron.com, steve.thomas@enron.com, doug.aschwege@enron.com, judy.beck@enron.com, ken.anderson@enron.com, bryan.reinecke@enron.com, robert.johnson@enron.com, carolyn.descoteaux@enron.com, becki.souci@enron.com, gary.choquette@enron.com, ld.stephens@enron.com, john.goodpasture@enron.com, michael.ratner@enron.com, sebastian.corbacho@enron.com, yuan.tian@enron.com, rockey.storie@enron.com, kent.miller@enron.com, john.dushinske@enron.com, dave.neubauer@enron.com, bill.fowler@enron.com, michael.bodnar@enron.com, joni.bollinger@enron.com, david.badura@enron.com, janet.bowers@enron.com, craig.buehler@enron.com, bob.burleson@enron.com, allen.cohrs@enron.com, john.fiscus@enron.com, steve.gilbert@enron.com, morgan.gottsponer@enron.com, stephen.herber@enron.com, dana.jones@enron.com, stephanie.korbelik@enron.com, bill.mangels@enron.com, penny.mccarran@enron.com, vernon.mercaldo@enron.com, larry.pavlou@enron.com, eileen.peebles@enron.com, tony.perry@enron.com, loren.penkava@enron.com, ken.powers@enron.com, chris.sebesta@enron.com, frank.semin@enron.com, neal.shaw@enron.com, larry.swett@enron.com, kay.threet@enron.com, mike.ullom@enron.com, lisa.valley@enron.com, chuck.wilkinson@enron.com, jim.wiltfong@enron.com, jo.williams@enron.com, karen.lagerstrom@enron.com, bob.stevens@enron.com, sue.neville@enron.com, mike.barry@enron.com, martha.janousek@enron.com, kimberly.watson@enron.com, don.powell@enron.com, steve.weller@enron.com, michael.stage@enron.com, tim.johanson@enron.com, laura.lantefield@enron.com, frank.oldenhuis@enron.com, jeff.nielsen@enron.com, tracy.schwartzkopf@enron.com, robert.mason@enron.com, sean.bolks@enron.com, miriam.martinez@enron.com, lee.ferrell@enron.com, john.williams@enron.com, reyna.cabrera@enron.com, theresa.branney@enron.com, lynn.blair@enron.com, rick.dietz@enron.com, steven.january@enron.com, sheila.nacey@enron.com, donna.scott@enron.com, dari.dornan@enron.com, maria.pavlou@enron.com, jim.talcott@enron.com, mary.miller@enron.com, michel.nelson@enron.com, mike.mcgowan@enron.com, julia.white@enron.com, drew.fossum@enron.com, shelley.corman@enron.com, steven.harris@enron.com, jeffery.fawcett@enron.com, lorraine.lindberg@enron.com, kevin.hyatt@enron.com, christine.stokes@enron.com, tk.lohman@enron.com, michelle.lokay@enron.com, lindy.donoho@enron.com, lee.huber@enron.com, susan.scott@enron.com
Date: 2000-11-13 10:51:00+00:00
Subject: El Paso To Sell Oasis Pipeline Ownership

Note:  The buyer of the El Paso interest in Oasis has not been announced.  A 
consent agreement has been filed with the 
FTC and State of Texas Tennesse Pipeline as part of the normal review process 
prior to final approval for the PG&E Texas
assets formally owned by Valero and TECO.   Tennessee had a note in their 3rd 
quarter 10-Q on El Paso possibly putting 
some of the PG&E Texas acquired properties in their MLP.  They also indicated 
they had put their Crystal Storage in the MLP.

El Paso to Sell Oasis Pipe Stake

El Paso Energy Corp. will sell its 35% stake in Oasis Pipe Line, a 1 Bcf/d 
line in Texas, according to a disclosure in a securities filing made last 
week. El Paso said that the sale, which was negotiated in October, would 
result in a $20 million loss. 

The 36-inch intrastate gas line runs 608 miles from the West Texas Waha 
market to the Katy hub outside of Houston. The pipeline provides a link 
between El Paso Natural Gas and Tennessee Gas Pipeline, and is the principal 
route for Permian Basin supplies to access the Houston Ship Channel. 

Oasis completed a substantial upgrade in 1998, installing 9,400 horsepower of 
compression, and new interconnects to increase deliveries to eastern markets. 

Dow Hydrocarbons and Aquila Energy, a unit of Utilicorp United, also own 
stakes in the line. Along with its 35% ownership, Aquila also has firm 
transport rights on 280,000 Mcf/d. 

Before El Paso's sale is complete, it still needs approvals from the Federal 
Trade Commission and the Texas Attorney General.