IN: The latest Q4 Target Sheet can now be accessed via S\Forecast Target Sheet\. The resolution centre has given read access to all recipients of this report, including those in the US. If you have any problems contact myself with any questions. Earnings to date are $36.2m. With expected trading results of $138.0m and other expected transactions of $44.1m, we are currently showing a shortfall of $74.2m to our target of $292.5m Please contact Buddy Aiken or myself with any questions or comments. Regards,

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OUT: Target Sheet sent 221001

IN: Have you guys received any information from Gulf Power concerning regular updates on the construction? Jeff indicated that Gulf would be willing to provide updates monthly. If we haven't heard from Gulf, we need to push them to provide this info.

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OUT: Gulf Power Construction Progress

IN: 1) The G-IMB rate is the monthly gas adjustment rate published on their web page. For Sept., it was $3.92 per Dth. (Last winter, it exceeded $60 per Dth.) The calculation under Sec 6 of the margin agreement would always use the most recently published price. 2) Their current calculation shows a short of 76,000 Dth based on usage of 648,000 and delivery of 572,000. Brent will fax me the actual documentation. 3) Gas in storage is not pledgeable for this purpose. They are saying storage gas is already required under the contract. Brent told me there will definitely be a letter sent to Enron today spelling out the request and consequences for non-compliance by the 13th. I need to know who all should receive this letter and proposed agreement.

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OUT: Answers from SoCal

IN: I am on the Board of BEAR and sponsoring this effort. Please let Janette= =20 Elbertson know by e-mail if you are interested in donating your time to hel= p=20 staff the table in the lobby on Monday, December 18, from 10 a.m. to 2:00 p= .m. Thank you.

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OUT:
CPS BEAR Program