Enron North America is interested in selling natural gas to PNM Gas Services on a firm basis under the following terms and conditions: Term: April 1, 2001- March 31, 2002 Contract Price: I.F. El Paso San Juan Basin less $.09 Firm Daily Quantitiy: 10000 mmbtu/day Delivery Point(s): Delivered to PNMGS at the tailgate of the Williams Field Serives Ignacio Plant into Transwestern at Ignacio Plant;at the TW Blanco Hub ; at WFS Kutz Plant into PNMGS; Milagro Plant into Blanco Hub; or any other mutually agreeable pointsinto PNMGS. Special Conditions: ENA will selelct, nominate, and deliver the firm daily quantity at any of the Delivery Point(s). ENA will notify PNM no later than 3:30 p.m. M.T. one day prior to gas flow day (Cycle 2) of the selected Delivery Point(s).
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Term Proposal