Spreadsheet: louise_kitchen__22840__Hot List Update 6-5-01
Sheet: Storage

Deal Description Sheet - 6/5/01
Storage
YTD P & L | 375000
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 | 2001-07-01 00:00:00 | WHP is very interested in receiving a proposal from ENA.  Rescheduling meeting with WHP to discuss.
Blowfish | TBD | Sale of 334 acres of land on the Napoleonville Dome. | 5000 | 2001-06-05 00:00:00 | 0.5 | 2001-07-01 00:00:00 | Met with Dow, they show interest and are creating a proposal for internal management.  Spoke to Oxy, they have shown no interest.  Met with Texas Brine, they show significant interest in purchasing on their own.  Due diligence on Oxy's
Big Red-2 | Halliburton Energy Services | Manage HES' commodity positions derived from in-kind payment by storage operators. | 500 | 2001-06-06 00:00:00 | 0.4 | 2001-08-01 00:00:00 | HES has had several follow-up meetings with NNG.  Awaiting regulatiory support.
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.  In process of setting up meeting with them to discuss our proposal (base gas monetization).
Aspen | Western Hub Properties | Base gas loan at Atkinson Storage Field (4.5 Bcf). | 750 | 2001-05-07 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.  Rescheduling meeting with WHP to discuss.
Big Red-1 | Halliburton Energy Services | Manager [NAME]' commodity positions derived from in-kind payments by E&P operators. | 75 | 2001-06-06 00:00:00 | 0.5 | 2001-11-01 00:00:00 | Executed CA.  Awaiting regulatory support.
Red Bed | PNM Energy Unocal | Base gas financing and compression @ Waha. | TBD | 2001-05-17 00:00:00 | 0.4 | 2001-12-01 00:00:00 | PNM's proposed salt dome is about 2 years away, we are want to link them up with the project at [NAME] which is due for this year.  In the meantime we are getting them to sign a CA with us.  Met with Unocal to review their project.  They would like a proposal as well.
 | KN Interstate | Base gas monetization. | 1000 | 2001-05-24 00:00:00 | 0.3 | 2001-11-01 00:00:00 | NGPL has expressed interest in a proposal to monetize 1 Bcf.  Working with structuring to prepare proposal.  Awaiting regulatory support.
 | TXU | Base gas monetization. | 1000 | 2001-06-05 00:00:00 | 0.3 | 2001-12-01 00:00:00 | Early stage.  Interested in setting up a CA to discuss number.  TX PUC regulated.
 | CNG/Dominion | Base gas monetization. | 2000 | 2001-05-29 00:00:00 | 0.3 | 2001-12-01 00:00:00 | Early stage.  Evaluating regulatory issues with ENA Regulatory Affairs.
 | Puget Sound Energy | Base gas monetization. | 1000 | 2001-04-27 00:00:00 | 0.2 | 2001-12-01 00:00:00 | Early stage.  Evaluating regulatory issues with ENA Regulatory Affairs.
Liberty | ET&S | Base gas monetization. | 1000 | All meetings have been internal. | 0.2 | 2001-12-01 00:00:00 | Early stage.  Looking into the opportunity.
 | SIGCORP | Base gas monetization. | 300 | 2001-06-04 00:00:00 | 0.15 | 2001-12-01 00:00:00 | Early stage.  Busy working on other transactions, have shown some interetst, IN PUC regulated.
 | Columbia Gas | Base gas monetization. | 1000 | 2001-05-16 00:00:00 | 0.3 | Jan-02 | Met with client and they indicated that to the extent that we can get them not to have to share the proceeds of sale of base gas they would be interested in transacting with us.  We are looking at the regulatory hurdles that we have to overcome to be able to do the transaction without sharing.
 | 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 | 2001-06-05 00:00:00 | 0.3 | Feb-02 | Sent presentation to CFO, planning meeting with him to discuss monetization.  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.