IN: Folks: As you recall from out meeting on Tuesday, we decided that I'd pull together a brief description of our key priorities and the actions underway to achieve them. The status report will be updated weekly. We'll use the weekly update as an important internal communication tool to keep folks abreast of activities and developments in CA. It will also serve as a a tool to help identify the need to modify our priorities and/or actions in light of ever-changing circumstances. We were going to try to get the first report out this week, but with the meeting in Houston, Sue's doctor appt and Karen's meetings with Marathon, we'll get the first one out Monday. My notes suggest that (today's) key priorities---understanding that

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OUT: First "Status Report" for California
IN: This is an email
Armando, further to our conversations please find attached my calculation of the values we are seeing in the marketplace. The information provided is for discussions between Mexicana and ENA and is not to be distributed to any other party. As discussed, ENA's economics are based on a variety of assumptions including volumes ( that actually flow ), basis market, tariffs, and credit, not withstanding the paper we will be looking at executing. I believe Enron is your best choice in counterparties and we very much welcome the opportunity to act on your behalf as Agent in the liquidation of the transportation on El Paso. In summary, and as previously discussed I would like to submit a term sheet to you based on a summary of the documents and steps we will need to impliment to get this agreement in place. Here are just a few of the important doc's and potential next steps: NEXT STEPS: ? Mexicana needs to decided on confirm that you have chosen ENRON NORTH AMERICA to act as your AGENT. ? If ENRON is deemed agent then we need to "Accelerate' the steps in the documents summary. DOCUMENTS: ? Drafting and execution of Agency agreement between Mexicana and ENA ? Drafting and execution of physical confirm to facilitate the Monthly and Daily purchases ENA will make at the border ( Topack) with Mexicana ? Potential Deemed ISDA agreement to facilitate swaps ( to hedge spreads if so desired ). ? ENA requires ( copy of By-Laws ), even if they are in spanish, we will need these to take next step ( we have the ability to review internally) ? ENA requires power of attorney documentation ? Execution of Agency agreement between Mexicana, El Paso Natural Gas and ENA. ? Satisfactory credit review ?

What is the subject?

OUT: El Paso Transportation Values - CONFIDENTIAL
QUESTION: Carol, Attached is the revised letter. Per the voicemail I left last week, please let me know if there are any issues with us stating the prepay in this letter. Also when is TW expecting the payment to be wired. Need that date.
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ANS: TW Letter Agreement
Michelle / Robert, What is the status of Dave Parquet's Employment Agreement? Can either of you give me an update? Julie Kearney ENA Human Resources Direct Line: 503) 464-7404 Cell Phone: 503) 701-5671 julie.kearney@enron.com
Q: What is a potential subject line for this email?
answer: Dave Parquet
As you may be aware, SAP system response time was slow during earlier this week. As a result, SAP Financials, iBuyit, and iPayit applications were experiencing longer than normal response times on most transactions. The Integrated Solutions Center (ISC) has been working diligently to address the root causes of this issue and has deployed a task force to address the following identified areas: Technical Issues (Infrastructure and Application related) Internal Process Improvements (Both within the ISC and in the User Community) Education of Business Users We have made significant improvements in the last few days and as a result currently running within normal response time. We will continue to provide weekly status updates on our continued progress.
Answer: SAP System Response Update
Q: Regent Energy in Pact to Develop 500 MW Plant Regent Energy recently executed a contract with Millennium Energy Ventures, a private Houston-based venture capital and project development company, to develop an electric plant with 500 MW generating capacity on Regent's Horseshoe Gallup lease in San Juan County, NM. Regent will own 75% of the project, while MEVCO will own the remaining 25%. The estimated cost of the project comes in at $250 million. Under the agreement, MEVCO will manage the permitting, estimated at 6 to 9 months, and construction process, arranging the equity as needed for same. Regent will be prepared to give up 50% (total) of its 75% net for the financing, netting a 25% interest following the equity/debt financing. Further terms of the agreement provide that MEVCO will assist Regent in the acquisition of several gas fields in the Four Corners area, San Juan and Rio Ariba Counties of New Mexico, totaling an estimated 90+ Bcf and 20 MMcf/d current production. This production will be sufficient to power 100 MW of the power plant, with the remaining supply to be aggregated from other San Juan producers. MEVCO Managing Director Phillip Gennarelli noted, "We are pleased to be involved in this project with Regent. The addition of more producing properties in the area that we bring Regent, coupled with Regent's Horseshoe Gallup holdings, which are in direct proximity with the existing Four Corners Power Plant and the route of the recently announced Sonoran Pipeline venture of Calpine and Kinder Morgan, will provide an unequaled opportunity for both companies." Regent President John Ehrman said, "The additional production from producing properties which MEVCO is assisting Regent in purchasing, currently producing some $1.5 million per month in net operating income, coupled with the additional income through power generation helps Regent to maximize the location of our holdings in relation to the proximity of the existing power plant and transmission lines to key electricity markets in Los Angeles and other western markets. It is a good use of our surface lease, not related to the current proved mineral reserves of the lease." The producing oil and properties which MEVCO is assisting Regent in purchasing are in Regent's core area of the Four Corners region near Farmington, NM. Regent will be required to finance the acquisition of the oil and gas proven producing properties under consideration. Recently, Regent announced that it was in the process of purchasing the interests of all remaining working interest owners in the field, a transaction that is expected to be consummated by the end of the third quarter 2001, giving Regent 100% ownership of the current minerals on the lease.
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A:
New Mexico Power Plant Project