Subject: "Price Letter".

Body: Stephanie, I forwarded a hard copy of the operational control letter yesterday. Let me know if you don't have it. Attached is the price letter. There is no formal contract in place between TW and EE&CC for the construction. Both TW and ECS as I understand, have signed AFE's with EE&CC for the projects. We will most likely have to address this risk in the Contribution Agreement. I will talk with Mark and Mark about this. PPA- we are expecting comments back from CDEC late today. Schedule is now to review their comments and meet with them Tuesday (via phone or in person) to finalize. We can likely get Patti a copy after Tuesday. Contribution Agreement - Pending resolution of the construction risk issues, we can have a draft for Patti early next week.

Subject: "CES Wholesale Deals".

Body: Joanie's email to me about the Roanoke pricing has me curious. Do I need to check the pricing on all the wholesale CES deals? I do have some reports which Paul Drexelius gave me in January out of CES's GMS system. Dick had asked me to sit with Paul one afternoon and talk about the deals. I have not done any price verification or auditing of the deals in Sitara. Let me know if you want me to audit Sitara.

Subject: "Northeast".

Body: Please take a final look at Section 13 as purposed by Northeast as they hav= e=20 changed the last sentence again! Enron recognizes that, when NEGM is acting as Buyer hereunder, NEGM is=20 purchasing gas on behalf of certain gas companies (the =01&Repurchasers=018= ) to=20 whom it immediately resells such gas at the Delivery Point(s). The parti= es=20 further agree that the term =01&Transporter=018 when used in this Contract,= =20 including, but not limited to, in Sections 4 and 11, shall include any=20 company acting in the capacity of a transporter for any Repurchaser and agr= ee=20 that Section 4.3 of the Contract will apply to invoices from such=20 Transporters for Imbalance Charges received from such Transporters to the= =20 same extent as if such invoices were received by NEGM provided, that any su= ch=20 Repurchaser scheduled and nominated the same volumes as Enron and NEGM=20 scheduled and nominated on hehalf of such Repurchaser at the Delivery=20 Point(s). =20 Thanks

Subject: "LLC and Admin. Agreement Revisions".

Body:
Attached are redlined versions of an amended and restated LLC agreement and an amendment to the Administrative Services Agreement. I decided to simply amend the Admin. Agreement since the change was so minor. You will note that the changes in the LLC Agreement were solely to accommodate the revisions made in the Capacity Allocation Agreement which I forwarded earlier. Please call if you have any questions.