Spreadsheet: louise_kitchen__22838__Hot List Update 5-18-01
Sheet: Storage

Deal Description Sheet - 5/17/01
Storage
YTD P & L | 250000
Project Name | Counterparty | Description | Potential Valuation | Last Customer Contact | Probability | Expected Closing (Month/Year) | Weekly Updates / Comments
Golden Bear | Western Hub Properties | Base gas loan at Lodi Storage Field (6.0 Bcf). | 1000 | 2001-05-07 00:00:00 | 0.4 | 2001-06-01 00:00:00 | WHP is very interested in receiving a proposal from ENA.  Meeting scheduled with WHP on 5/10/2001 to discuss.
Big Red-2 | Halliburton Energy Services | Manage HES' commodity positions derived from in-kind payment by storage operators. | 500 | 2001-04-30 00:00:00 | 0.4 | 2001-08-01 00:00:00 | ENA/HES held initial meeting with NNG.  NNG is reviewing HES' proposal.
The Big Easy | ECORP | Strategic alliance covering new storage developments in CA, AZ, TX, PA, FL, and NB. | 500 | 2001-04-14 00:00:00 | 0.2 | 2001-08-01 00:00:00 | ECORP is currently trying to monetize their Stagecoach Field thru Lehman Brothers.
Aspen | Western Hub Properties | Base gas loan at Atkinson Storage Field (4.5 Bcf). | 750 | 2001-04-03 00:00:00 | 0.4 | 2001-09-01 00:00:00 | WHP is very interested in receiving a proposal from ENA for Lodi, will talk about [NAME] as well.  Meeting scheduled with WHP on 5/10/2001 to discuss.
Big Red-1 | Halliburton Energy Services | Manager [NAME]' commodity positions derived from in-kind payments by E&P operators. | 75 | 2001-04-30 00:00:00 | 0.5 | 2001-11-01 00:00:00 | Executed CA
Red Bed | PNM Energy Unocal | Base gas financing and compression @ Waha. | TBD | 2001-05-07 00:00:00 | 0.4 | 2001-11-01 00:00:00 | PNM has had several meetings with their Commission to review and discuss their treatment of the facility.  The outcome has been largely positive.  PNM is interested in a proposal to finance the base gas on another aquifer project.                                Met with Unocal to review their project.  They would like a proposal as well.
 | KN Interstate | Bas gas monetization. | 1000 | 2001-04-16 00:00:00 | 0.3 | 2001-11-01 00:00:00 | Early state.  Evaluating regulatory issues with ENA Regulatory Affairs.
Big Bird-1 | Falcon Gas Storage | Base gas financing @ [NAME] (8 Bcf). | 1500 | 2001-05-08 00:00:00 | 0.2 | 2001-11-01 00:00:00 | We are working internally to create a structure that would work with the IPP contract Falcon is negotiating for the facility.  Scheduling a meeting with Falcon  principals to go over details of how we would want it to work.  IPP project has been put on temporary hold since they "lost" their turbines, we indicated that we may have some Mitsubishi turbines that could sell.
 | Puget Sound Energy | Base gas monetization. | 1000 | 2001-04-27 00:00:00 | 0.3 | 2001-12-01 00:00:00 | Early stage.  Evaluating regulatory issues with ENA Regulatory Affairs.
Liberty | ET&S | Bas gas monetization. | 1000 | All meetings have been internal. | 0.2 | 2001-12-01 00:00:00 | Early stage.  Looking into the opportunity.
 | Columbia Gas | Base gas monetization. | 1000 | 2001-04-25 00:00:00 | 0.3 | Jan-02 | Meeting set up for 5/15/01.
 | Questar Regulated Services | Base gas monetization. | 1000 | 2001-04-18 00:00:00 | 0.3 | Feb-02 | Early stage.  Evaluating regulatory issues with ENA Regulatory Affairs.
 | Montana Power | Base gas monetization. | 1000 | 2001-05-14 00:00:00 | 0.3 | Feb-02 | MPC has shown interest, has contacted us with a potential physical gas transaction.  Outstanding issues holding up process: MPC is being acquired by Northwestern Corp., expected completion 3Q 2001.  Also, MPC is in the middle of a regulatory hearing to determine how to allocate revenues from previous sale of unneeded base gas.