Problem: BODY: I have received all of your responses regarding the board meetings at The Huntingdon. The first meeting will be held on Wednesday, June 20, 2001, at 4:30 p.m., at The Huntingdon in the Management Office. I am sending this email to confirm the meeting in Dr. Butler's absence. I am sure that the other board dates will be firmed up at that meeting. Please call me if there are any questions. Thank you. Diane
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A: SUBJECT: HUNTINGDON BOARD MEETINGS

Problem: BODY: Hey Hunter, A quick update. Kevin Brady is up to speed on working with Colin and Chris on consolidating critical and noncritical notices for all the regions. I have also passed on the idea of an operations page on the website to the other logistics managers and the central desk schedulers to get their ideas and insights on how to make this page beneficial to both the traders and schedulers. A couple of ideas that have already been passed my way are: 1) Incorporating the Gas Daily and Index historicals against production/storage by pipe so that we could project cash outs (Mark Schrab) 2) A transportation rate matrix on the web site (Cora Pendergrass) 3) Enron operations personnel contact page with phone numbers and pictures. Much like the weather guys. I laughed at first but Victor LaMadrid whom suggested this said that the East Desk Traders don't even know all of his schedulers. 4) An easy access to the pipelines meters and dunns numbers. (Kevin Brady) 5) Morning sheets updated with contract, constraint, and imbalance information from Sitara and Unify (Victor LaMadrid) I have asked Kevin to consolidate all the ideas and then we can get together and decide which ones you want to place into production. Lisa
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A: SUBJECT: Operations Page - Fundys Website

Problem: BODY: Terrel and I had a conference call with BOC this morning. The call was very positive as they were still interested in talking with us. They had a number of questions regarding the contract terms and seems like they want to sign something by week end. I need clarification on a few issues that they raised. We need to give them answers tommorow. Proposed Contract terms: 1. Houston Zone: 1.95 MW +/- 15% per settlement Interval 2. South Zone: 2.75 MW +/- 10% per settlement Interval 3. North Zone: 15 MW +/- 10% per settlement Interval 4. West Zone: 1.75 MW +/- 10% per settlement Interval ** BOC going to Balancing Energy (+4% charges) outside the band ** 1. Interruptibility - BOC wanted to understand the mechanics. Specifically, they wanted to know how Enron would work with them to maximize curtailment opportunities. They also wanted to know the quantity they could curtail (e.g. If deal is 15 MW +/- 10%, can BOC curtail 16.5 MW, or just 15 MW). Also, do they pay any penalty when they curtail (4%, etc.) 2. Scheduled maintenance - Can they sell contract power a week forward. Is there any penalty for not being within the band during those hours. 3. BOC wants a fixed price quote for all Ancillaries and ERCOT Passthroughs. However they want the ability to unwind this fixed price position should they feel they are better off with ERCOT market prices once the market becomes more transparent. What is Enron's ability to provide such a service? 4. BOC doesnt like the 4% charge in excess of Balancing Energy everytime they are outside the Quantity Band. They said that they dont want to pay more when prices are high and they are outside the band. They want a fixed fee instead of 4% of BES price. Given the bands we have placed in the contract, BOC was outside the band a. 15% of the time in their Houston Zone Interval Load b. 10% of the time in their South Zone Interval Load c. less than 1% of the time in their North Zone Interval Load d. 3% of the time in their South Zone Interval Load Regards
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A:
SUBJECT: BOC Gases Contract