IN: This is an email
Jim: We have finally devised a procedure for handling termination rights. I will amend the ETA amendment letter and send it to you. We have a new procedure in place that requires me to get commercial approval for all amendments so I first will need to run this by the head of the Online group but will send it to you right after I receive that approval. Sorry for the delay. carol

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OUT: Termination Right
QUESTION: Jason: I thought that your drfat letter of intent looked fine. Just a few commments. In section 6 - Conditions, could you put something in there similar to the "Approvals" section in the November 10th letter since possibly HSR and FERC approval may be needed? Alos, in Attachment A, in Section 3 could you sya something to the effect that if tthere is no master in place with Enron and a particular counterparty then Enron needs to be satisfied with the terms of the master that is in place between Mrechant and such counterparty. I thought that the Assignment Agreement was very weak and that we need something more than that. Withg respect to the consent, the concept of the assigned transaction be goverened by our Master needs to be in there. Enclosed is the template that we have used in the Columbia deal. Call me if you have any questions. The only time that I won't be reachable today is from 11:30-2. Carol
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ANS: Letter of Intent
Hertzberg and Keeley announced that they are filing a petition with FERC to rehear the April 26th decision regarding price caps. After going to D.C. and meeting with several FERC members, they decided to file for a rehearing. Their filing asks that the order should be in affect around the clock instead of just during Stage 1, that the actual costs be tied closer to the pricing of the product, and anyone that exceeding the cost-based pricing system have a 100% penalty. Hertzberg and Keeley had a press conference today at 1:30 PST. Questions included the impact of today's ruling and how it would affect Plan B, Hertzberg replied he was not sure. He also indicated that they support the Feinstein bill and if the lawsuit or the rehearing efforts do not work, legislation is the last chance for price caps. Hertzberg also indicated that he was getting to the point where CA "may just say no to prices that are too high" (via buyer cartel).
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answer: California Update p.3; 5/29/01
Chuck, I appreciate the note - I just like to ensure that everyone is aware of the various issues and that we are managing our risk appropriately. I have a great deal of confidence that you have this handled. Regards
Answer: Ada pump and QF concerns in general
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A: Web Sites
QUESTION: COLUMBIA GULF TRANSMISSION COMPANY NOTICE TO ALL INTERESTED PARTIES JUNE 21, 2002 Re: East Lateral Line 300 - Line Lowering Project Notice ID: 3839 5 - NO RESPONSE REQUIRED Columbia Gulf Transmission (CGT) will be performing a line lowering project on a portion of its East Lateral Line 300 beginning on June 24, 2002. This project is expected to take seven days to complete. The only location to be impacted by this project is 4119 - AEP/Equitable Storage. This location is impacted because it is solely connected to Line 300. While this work is being performed, CGT will be unable to accept nominations for delivery to or receipt from this location. A revised notice will be posted once the work has been completed and CGT is able to resume accepting nominations for this location.
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ANS:
Critical,CAPACITY CONSTRAINT,20020624,COLUMBIA GULF,007854581,East Lateral Line 300 - Line Lowering Project