QUESTION: As everyone is aware, Peoples provided notification to Enron MW, L.L.C. of its desire for credit support or termination effective December 28th of the Master Physical Agreement between EMW and PGL. Richard and I met with Raulie, Dave and Tim this morning to discuss the implications of the termination and our ability to continue to fulfill our obligations regarding the deals that are subject to the Master. After much discussion, they (PGL) have agreed to delay any termination until either the end of January or February (they are going to discuss internally which makes more sense). Therefore, unless a higher power overturns our agreement, PGL intends to issue a letter amending their previous notification/assurance letter. If anyone has any questions or comments, please let Richard or me know at your earliest convenience. Thanks - Gregg
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ANS: Enron MW/Peoples Master

QUESTION: Andrea, Is it possible to get a list of first year analysts who graduated in December to interview for my group? I don't know how the process works, but I would like to hire a candidate just out of college if possible. Thanks for your help. DG 3-9573
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ANS: First Year

QUESTION: Rod wanted me to point out to you that NNG IT would be spending an additional $4.9 of capital in 2001 with approximately $4.2 spent in Nov. This is reflected on the 2001 Capital by month schedules I sent you. Stan had approved $9.0, but IT was able to negotiate their cost down to the $4.9. The dollars will be spent on purchasing the SAN (Storage Area Network) equipment. This $4.9 was not in the 2001 capital budget nor reflected in any other quarterly or current estimates. cvb
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ANS:
Additional $4.9 capital spending for NNG in 2001