QUESTION: Gerald: Attached is another draft of the Purchase and Sale Agreement with several revisions. I revised the property description because the description I used before was supplied by the appraiser and was not definite enough. I inserted the Tax ID numbers and correct addresses and deleted the L.P. as an intervenor. I also set up the Cash Sale so that it could be executed in counterparts rather than at a single closing. The survey plat supplied with the Appraisal report appears to for the 5.081 acre tract of land previously sold. Do you have a survey of the Subject Property? I will send this revised draft to the Police Jury on Monday. Keith - PURCHSALAGR#5.doc
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ANS: Sale of Napoleonville Property File #ENR-02

QUESTION: Mark and Jim, As part of pulling together Data Room for possible EBS sale, we are asked to come up with information regarding in-house developed software and labor cost. I would like to have your direction on the policy question whether to include Enfiber and Sabor Settlement systems. Sabor Settlement system is using Unify Settlement as the foundation and Enfiber is patterned after EnPower which potentially could give some valuable competitive insight into our Trading. Do you think these systems should be included in the EBS sales package? As shown on the attachment, those systems are included at the present time. Thank you. (including PPCS/Dorado)
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ANS: EBS-Sale Preparation

QUESTION: Holden & Lisa - Per Holden, I've changed deal 630176 from a price of $170 to $197. Terms and reasons are as follows: 6/4/01 STSW buys EPE 49 mw/HLH The other side of this deal is a sale to El Paso for $204. Kathy questioned the invoice she received from Houston this month, because the breakdown of transmission costs and fees we had given her (regarding buy-resales done by your desk on 6/1, 6/2, and 6/4) amounted to a spread of $14.06. The deals we entered into our system, and subsequently billed El Paso for, amounted to spreads of $14.06 for 6/1, $11.06 for 6/2, and $34 for 6/4. To remedy this, and extend a gesture of apology for the mistake, we've changed our buy from El Paso on the 4th to a price of $197, leaving a spread of $7 to cover our transmission costs. I've explained this to Kathy at El Paso and Amy in Settlements, and wanted to give both of you a record of the change as well. Please let me know if you have any questions. Thanks,
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ANS:
June EPE Buy-Resales