This is the content of an email: We have received the executed Assignment and Assumption Agreement wherein Canadian Imperial Bank of Commerce assigned two physical trades to CIBC World Markets Plc. Those two deal Nos are EOL deal no 137945 and 149472. The originals will be sent to Bob Bowen.

Subject: CIBC World Markets Plc

This is the content of an email: Would you please generate a fresh ENE guaranty and email to the lawyer (see Lotus Notes - Emma Nakakuki is the new attorney). Also, please verify with credit (Rod Nelson in London) that the guaranty cap has not changed. I have the file in my office. Thanks. SS

Subject: Credit Agricole

This is the content of an email: I just received a call from Nancy Bagot informing me that FERC has issued a draft order suspending our proposed Transport Options tariff sheets until May 1, 2001 and accepting them subject to the outcome of a technical conference. The technical conference is to take place within 120 days of the order and will address issues raised in protests. I should be receiving a copy of the draft order soon. Please call or e-mail me if you have questions.

Subject: Order on TW Options

This is the content of an email: Tom, As I stated earlier, we have not given much thought to an LNG terminal in the Freeport area as we anticipated that the basis market would be in the minus $.20 range. If you add the $.05 to $.10 to build a pipeline from the terminal to an interconnect, such a project has trouble competing with others on the table. After talking with Daren and yourself, it may well be worth doing some more research to get better projections of what those numbers might be. I would like to take this further and stack such a project up to others we are evaluating. As you stated, we need to do a better analysis of the pipeline situation in the Freeport area to evaluate the economics of the project. Please inform me as to if and how we should proceed with this matter. Thank You,
Subject: LNG Terminal in Freeport