Q: Many of you have asked about procedures to evaluate employee performance. We are finalizing a performance process designed to track and provide feedback on individual accomplishments for the benefit of each employee, the company and the unsecured creditors' committee. A very simple and straight-forward online performance assessment system (PAS) will allow us to automate parts of the process. PAS will open next week on Monday, May 13, and remain open through Friday, May 24, 2002. As an employee of a debtor company, you should access the system and complete your self assessment by Friday, May 17, 2002. Your supervisor will review and approve submitted accomplishments and schedule a face-to-face meeting to discuss your contributions, offer feedback, set priorities for the upcoming period, discuss challenges and potential development opportunities, and if applicable, confirm your quarterly retention payout and project a target for the upcoming quarter. PAS will be accessible through the HR Global Launch Zone. We'll send a reminder with more details next week. In the meantime, if you have questions about the process you can contact your HR Representative.
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A: Performance Process for All Employees in Debtor Companies

Q: Drew, I wanted you to be aware of a potential dispute with regard to our consultant, Mark Baldwin of IGS. Our consulting agreement with IGS (which has now terminated) provided for a flat fee, plus an incentive fee calculated using the net present value of any contract "identified by IGS" and entered into during the term of the consulting agreement. During the term of the agreement, TW entered into its Gallup Expansion agreement with Southern. IGS is now claiming it brought in the deal and so is entitled to an incentive fee. While it is undisputed that Mark discussed the deal with Southern, Southern was also on Lorraine's list of shippers to contact for Gallup Expansion capacity. Also, the capacity was posted for all to see. So, while Mark can certainly claim he "identified" the deal, he was not alone in doing so. Steve is going to call Mark in response to his letter (after he talks to Lorraine to verify facts). Our thinking is that if we offer IGS some money they will be happy. We would really like to preserve what has been a good working relationship with this consultant. On the other hand, I think we could probably take the position that they are not entitled to any incentive fee. However, since the contract is silent as to whether IGS has to be the only party bringing in the deal in order to qualify for the incentive fee, this position is not as strong as I'd like it to be, and IGS might sue TW. The amount in dispute could be as much as $200,000, depending on what rate we use in calculating net present value. If you have any problem with our offering to pay part of the incentive fee to IGS, let me know. I think it will be very important for Steve not to admit that Mark helped in any way in getting the deal -- just in case they do
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A: contract issue

Q: Just a short note to let you know that I received a call from Rod Bosche of PG&E apprising me of a meeting PG&E will be having with SW Gas this tuesday. They will be discussing PCB issues and the sampling results from the PG&E system. From discussions with Louie, a media statement is being prepared by them which Louie has a copy of. The statement is a little harsh and makes some statements which are incorrect. Louie and I are planning to attend this meeting in Las Vegas to possibly assist in making some suggestions about rewording their statement and provide some additional insight and history on the Transwestern system with respect to PCB's. The results of this meeting will be forwarded at a later date.....
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A: Media Statement

Q: This transaction involves 5 contracts. Nat Fuel is billing ENA a total of ($.125 x 1,000,000 dth) or $41,666.67/month for 3 months. I don't think Nat Fuel knows how we will be billed yet so I am going to show this as a demand charge on contract A02353 until we figure it out.
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A:
New and Exciting National Fuel Deal