IN: This is an email
Greetings Steve: We have had many inquiries regarding our transportation agreements, specifically PGT, Kern River and El Paso. Most pressing is PGT's request to market capacity on our behalf. Although I do not believe we need to have PGT perform this function, I do believe we could mitigate some demand charge exposure for "the estate". Are you available to meet with Barry and I first thing tomorrow morning? We need to have an answer for PGT's request. We need to know what the contractual rights are for 1) the pipeline when a shipper declares bankruptcy and 2) our ability to mitigate demand charge exposure by releasing capacity on a short term basis (month at a time?). Better yet, can we unilaterally turn capacity back to any of these pipes or do we need to reach some type of court approved settlement? Obviously, we have many questions. Please advise of your ability to meet ASAP. Thanks,

What is the subject?

OUT: Contractual Obligations Associated with Long Term Pipeline Contract

IN: This is an email
Attached is the Enron Americas GasTrading violation memo for August 16, 2001. The Office of the Chairman for Enron Americas is responsible for printing out a hard copy of this memo, signing and returning the hard copy to Chris Abel at 3560f, who will forward it to RAC to obtain their signature. Thank You

What is the subject?

OUT: 8/16 Business Unit Natural Gas Violation

IN: This is an email
We are currently discussing several potential approaches for a "Phase VII" expansion project. We have preliminary work underway on several potential scenarios, some of which might involve Gulfstream as an upstream transporter. As part of these discussions, Gulfstream has inquired about FGT's interest in providing a capacity lease for backhaul service (approximately 20-30 miles - they did not identify the specific market). My questions are: (1) Backhaul capacity lease with an interstate pipeline - Do you see any problems/issues? The lease arrangement would be with Guflstream Pipeline. (2) If this backhaul lease capacity is used by Gulfstream to provide deliveries to an electric generator, would the FP&L Favored Nations Clause be triggered?

What is the subject?

OUT:
Capacity Lease (Backhaul) - Gulfstream