IN: Ben Jacoby is having an offsite Friday at the Hyatt for the East Development group to discuss 2001. He has asked me (and I think Roger) to sit in. I'm planning on attending. I'm sure either or both of you are welcome, although it won't be a problem if you don't attend. Kay

Generate a subject line.

OUT: Development offsite

IN: Mike Moran has informed me that the FTC and U.S. DOJ, as part of their review of the El Paso-Coastal merger, have decided to take a close look at the merger's possible impact on competition in the Chicago-Wisconsin market. In this regard, those agencies need to set up a conference call in the next two weeks to discuss that issue with experts on that market from Border and Northern. This will not be an on-the-record deposition. It will be a conf. call and what I expect to be an informal question and answer session on what we know. Representatives of the Wisconsin and Illinois Attorney General's office (or whatever agency it is in those states that deals with antitrust issues) will be on the phone as they are working with the Feds on the merger. I think either one of you guys, with appropriate supervision, would do a fine job. Please let me and Mike know who gets the black bean and what your general availability is and we'll get it set up. Thanks. DF

Generate a subject line.

OUT: El Paso-Coastal Merger

IN: Unless otherwise noted on a going forward basis... unless I specifically mention a physical product, all physical counterparties will be approved for all the products that Credit has approved them for. If I have an exception, it will be noted, otherwise CONSIDER THAT THE RULE. Most of the comments I will have relate to financial counterparties: For Financial I am not responding to Credits "declined" counterparties. 1. AEC Storage and Hub Services, a business unit of Alberta Energy Company Ltd. BAD NAME. There is an ISDA Master in place between ECC and Alberta Energy Company Ltd. I will approve financial trading with this Counterparty if the Confirms go out under that name. 2. Ashland Speciality Chemicals Company, a division of Ashland Inc. We are currently negotiating a master with this counterparty. We earlier sent out a draft under a division name, and the counterparty came back and told us to change the name to Ashland, Inc. So, if we trade under the Ashland, Inc. name, I can approve it for financial trading. 3. Bayer Inc., Rubber Division-BAD NAME. I have already approved trading under Bayer Corporation. 4. Coast Energy Group, a division of Cornerstone Propane, L.P. - turning down to trade financial because we have already approved them for financial trading under Cornerstone Propane, L.P. 5. Southwestern Energy Services Company-is a division of Southwestern Energy Company. We have an ISDA Master in place with Southwestern Energy Company, which I will approve for financial trading under that name. 6. Tenaska Marketing Canada, a division of TMV Corp.-already approved trading under TMV Corp. 7. Trammochem, a division of Transammonia Inc. - BAD NAME. I already approved them on the first list, and their master is in the name of Transammonia Inc., acting through it Division Trammochem. FIX NAME! For Power 1. City of Riverside - per Leslie Hansen, they are permitted to trade pursuant to a GTC with collateral - subject to recieving override letter.

Generate a subject line.

OUT: Approval List for Week Ending 12/3/99

IN: Paul: I need to get some hard evidence (paperwork) that subtantiates the gain collected by Eco Holdings on the LPG hedging contracts for the year 2000. I do have copies of the contracts, but for audit purposes we need to have probably the worksheet where we signed off with Enron as to the amounts collected. Who can I talk to to get this?

Generate a subject line.

OUT:
Year 2000 Hedging Gains