IN: This is an email
David, I called our Credit Group to look into how large Enron's corporate guaranty is with the Duke pipelines (i.e. TETCO and Algonquin) to make sure that we will pass the credit check that will occur when the capacity is released to us. Two counter-parties, ENA and ENA Upstream, are set up to do capacity release and other transport deals with Duke with a maximum guaranty of $16 million. TETCO has ENA down for$1.7 million that has to cover three months of demand charges. ENA has no other TETCO capacity at the present time, so there should be no problems passing TETCO's automatic credit check during the capacity release process. Please note that for the two structures we just discussed, the capacity needs to be both recallable and reputtable. If Yankee and Legal gets comfortable with the other features of the proposed structure, the gas sales price should also include the TETCO commodity cost reimbursement when Yankee calls on the gas and ENA elects to not re-release the capacity back to Yankee. I will be back on Tuesday. If you need to get me on Friday or Monday, page me at 1-877-347-3186. Good luck on your quest, Ruth

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OUT: Yankee Capacity Transport Structures

IN: This is an email
Here is the memo I mentioned in our meeting today. Let me know if there are other items we should put on the list. Thanks. Mark

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OUT: Enron Wholesale Markets Quarterly Legal Review

IN: This is an email
FYI - We will be paying back line losses to APS tomorrow @ 4C - 1 mw @ HE 6, 1 mw @ HE 11. I've gone ahead and prescheduled this payback to ensure that it gets tagged. All you have to do is make sure this makes it into the El Paso model (EPE is the source). Following are the deal and tag numbers, just in case..... Deals - 800427/800467 Tag - 34307 Again, no need to do anything for this. Just put in in the model. And let me know if you have questions.

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OUT:
APS Line Loss Payback