IN: Hi Johnny, This email should serve as notification of Peter Keavey's response to your requisition number 109781. This candidate has been tracked to your requisition no. 109781 and their resume/posting may be viewed in Personic.

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OUT: Internal Response to 109781 / Peter Keavey

IN: Hi there, Feel free to leave me an email about anything you are working on, as I will be available next week and onward to cover for you. In fact, if you want to stay home and go with KS to her dr's appt on Monday, I'll be there to cover. In fact, just PLAN to not be there, and if you are, it is a bonus. I don't you worry about anything when it gets to be baby time. If you do figure out remote access, I can email you questions and you can answer when it is convenient. Paige is almost 21, Michael is 6.5. It goes fast!!! Ciao, Kay

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OUT: Next week

IN: Attached are the revised drafts. Please note the following: 1. I revised the FERC language but haven't yet talked to Drew about this concept. He is in Houston somewhere and I have a call in to him. 2. The Equivalent HP concept was removed. Thus a Force Majeure or Utility interruption event will interuppt the Compression Services Charge. 3. Please review the unwind language carefully in the Conversion Agreement. 4. I added an arbitration provision. This is standard in ENA or affiliate contracts. The O&M form will follow shortly.

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OUT: Gallup Conversion and CSA Agreement

IN: Russell: Since late 1998, we have been trying to put in place a Master between ENA and the above counterparty. We currently have a Master dated July 1997 between ECC and Pancanadian Petroleum Limited and Pancanadian wants to pretty much duplicate this Master. Here are the credit terms of the late 1998 drfat that we sent them which I need for you to tell me are still okay: No Credit Support Providers Cross Default - $50,000,000 for ENA and $25,000,000 for them Additional Event of Default - occurrence of a MAC and the failure to provide Perfprmance Assurance in accordnace with annex A. MAC is defined as Enron's rating going below BBB- and their Net Worth falling below $133,000,000 opr their Funded Debt to Net Worth being more than 1 to 1 They want to defined the "control" concept in Affiliate as ownership of more than 50% of equity. This term is used in the Setoff language and limits the possible entities that could be Affiliates on our side and their side Forms of collateral are cash and LC's Collateral Thresholds are $10,000,000 for us and $3,500,000 for them Let me know what you think. Carol

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OUT:
Pancanadian Energy Services