IN: Mark, Attached is the letter agreement we discussed. Please review. It is rough. Some issues to note: 1. The Kern PA cannot be assigned without their consent, which shall not be unreasonably withheld. If Kern didn't like the fact that we are receiving assignment from 3 or 4 other shippers, they might withhold consent if they thought we were superceding their bid procedures. Not sure if they would, but it is a risk. 2. If the assignment is done after the producer executes the firm transport agreement, Kern could require to capacity to be released via capacity release at max rate. 3. I took a stab at the mark-to-market calculation. Probably needs more substance though. Lets discuss.

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OUT: Kern River Bid Letter

IN: Transco Beverly has all the numbers. Either Scott or Beavy needs to go into Transit as Enron North America tomorrow morning and execute the 4 segments listed. Beavy has the offer numbers. We will have (hopefully) 115,000 dt's of pure 3-3 segmented capacity, all on k#.7537. Dan, next week we can probably create at least another 40,000 effective next Wed. Tetco We ran out of credit on ECT. Scott will talk to Trish Meigs about that in the morning. Kathy has a list of all the offer numbers that need to be executed. AFTER the all offers have been executed, have Meredith check screen AN52 effective 4/1/2000. Kathy, you might be able to do this too. Dan, I think you will be hurting for Tetco capacity. Remember, we did release 3500 dts of Ela to M2 to IGS. CNG We have no fuel waivers from Canajoharie for April. I just never got around to requesting them. Scott, Call Cindy McGinnis at 304-623-8854 and ask for fuel waivers on contract 5A2500 from Iroq/Canojaharie (meter 41101) to the following meters NIMO East 20550, NIMO West 20500, East Ohio 20100, NYSEG 20700, RG&E 20600, and Hanley & Bird 21100. I left her a voicemail to call you. Ask her if we can send in the paperwork next week. Let Scott Hendrickson, Robin, and Dick know what fuel waivers CNG approves. I have all the CNG contracts on the worksheet. I will be calling in the morining.

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OUT: Capacity

IN: Leslie, Theresa Mandola with EOL called and the referenced counterparty called her and is already trading gas with us and would like to start trading power online. I looked in my database and we have them shut down for power. Is this a counterparty we could open up for power or not?

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OUT: First Energy Trading Services Inc.

IN: Jeff, I wasn't sure if you were aware that Land Rover will be the featured marque at this weekends 12th Annual Houston All British Motor Vehicle Expo. June 2nd. at Traders Village 7979 N. Eldridge Rd. 3/10 mile south of Hwy. 290 713-890-5500. Hope you can make it.

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OUT:
Land Rover-Featured Marque