Spreadsheet: louise_kitchen__22839__Hot List Update 5-29-01
Sheet: Storage

Deal Description Sheet - 5/29/01
Storage
YTD P & L
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.
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.  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 | 2001-04-30 00:00:00 | 0.5 | 2001-11-01 00:00:00 | ENA will meet with HES' Senior Executive 5/21 PM.
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 | 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.  Meeting with NGPL on 5/24 to discuss further.
Big Bird-1 | Falcon Gas Storage | Base gas financing @ [NAME] (8 Bcf). | 1500 | 2001-05-18 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 | 2001-05-16 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.
 | 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 | Negotiating CA, plan to meet in MT next week to discuss financial aspects of 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.