IN: As requested at the meeting, the last couple years of history of our ethane content has been analyzed. The data provided by Denis Alters were for four locations: Perry from the West Leg side, Perry from the old or East Leg Side, Brooker (East Leg) and West Palm Beach. The table below shows the percent of the time the ethane content was above a given percentage at each of the locations. For example, at Brooker, the ethane content was greater than ( > ) 3% about 25% of the time. On the East leg, the ethane content has been greater than 2% all of the time. On the West Leg side, it has been over 2% about 44% of the time, over 3% about 17% and almost never over 4%. Basically, the West Leg runs about 1.5 to around 2% when all the Destin and Mobile Bay processing is operating. Even last winter, when running processing plants was not economical, the West Leg gas exceeded 4% only one day. If you look at the plot below (I hope it comes thru), you can see that thru July of this year, the West Leg ethane content had not returned to the levels seen prior to the gas price spike last year. This is consistent with the Btu analyses on Mobile Bay. Apparently they have the ability to reduce the level of ethane removal when iethane is more valuable as pipeline gas than as a chemical feedstock and are therefore have been leaving more in the gas this year than last.

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OUT: Ethane Content Various Locations July 99 thur July 01

IN: Good Afternoon all! I just received a call from Cheryl detailing that she will be working from home on a project for Frank Sayre. If you need to reach her you may call her at home at (713)785-6152. If you need further assistance, please feel free to contact me directly. Thank you for your attention to this matter.

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OUT: Cheryl Nelson - Working From Home

IN: Please take a look at this history of the regulatory issues on Hubbard. Note that I am still trying to confirm some potentially helpful facts. I'll walk you through what I think this means on Monday or whenever you have time. Thanks. DF

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OUT: Draft

IN: Rob,this deal is not dead; I am primarly waiting on NEPCO numbers. You should be moving down the road on the deconstruction, refurbishment and movement of the NB machines. You should also be doing any development work (permits, interconnection agreements et al) you need to do to maintain the optionality of this project (let me know if the expenses get above $1MM). Randy, please facilitate. Mike, can we put the screws to ABB given the significant transformer business we forwarded their way? Laura, we probably need to make a call on the Peoples turbine pretty soon. Eric/Rob, I think we need to see the project with IDC come in between 350 to 400/kw to be viable or I need a very detailed analysis of why it costs significantly more than a Frame 7 machine in the US markets. I would like see us make this work. Regards

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OUT:
Moore Power Plant status