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,
Answer: LNG Terminal in Freeport
Ken, Per my voicemail, we are having an all employee meeting on next Monday at the Hyatt Regency. The purpose of this meeting is to pull everyone together for an update on EGM and a brief presentation from all the business units within EGM. This includes about 1 hour of business and then drinks and food - we expect about 500 people. We have made a lot of progress on changing the nature and profitability of these businesses and we want to make sure everyone sees just how far we have come in a few months. I believe they will be motivated to see the growth and profitability. We had a record Q1 with $100 million of gross margin. That was 50% of what they made in all of 2000. Combined with the fact that in December of 2000 alone we made $87 million in gross margin, I believe it will have a big impact. If you could attend the meeting even for a few minutes it would go a long way in helping us drive our other point which is that the EGM businesses are now core to Enron and has the attention of both you and Jeff. Thanks for considering this and let me know if you need any other information or assistance. Mike
Answer: EGM - all company meeting
Rusty, Attached is a blank form for use in the E&I work. The Work Offer form for the other contracts should be attached as an Exhibit to the other contracts. If it is not, let me know.
Answer: Master Agreement for E&I Work
To correct the list I gave you as to ELFI: Jeff, you are the President and COO; Mike, you are the Chairman & CEO. Jeff, by the way, Enron Intelligence Exchange (a Cayman entity) was formed in 2000 by the LNG group to be a company to participate in the internet trading of LNG. Obviously, no activites to date. I still need to find out the purpose of Enron Administrative Services Corp. I will let you know tomorrow. Regards, Alan
Answer:
Enron Liquid Fuels, Inc.