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

Deal Description Sheet - 5/17/01
Compression Services
YTD P & L | 3051000
Project Name | Counterparty | Description | Potential Valuation | Last Customer Contact | Probability | Expected Closing (Month/Year) | Weekly Updates / Comments
Project Seebreeze Phase I | Duke Field Services, Formosa Plastics and Hydrocarbons, [NAME] | NGL and RGP transport position with Duke, partially monetized at close with remaining net profit interest held by Enron. | $3.85 MM (90% ECS) | 2001-05-03 00:00:00 | 1 | 2001-04-01 00:00:00 | Closed.
Stagecoach | Tennessee Gas Pipeline (EPG) | 14,000 HP expansion of Tennessee 300 line. | $1.30 MM | 2001-05-16 00:00:00 | 0.75 | 2001-06-01 00:00:00 | Working with EES to develop inter-day load shape and re-pricing.  Customer waiting on FERC re-approval.  Meeting next week to discuss plan to take deal to El Paso management.
Project Seebreeze Phase II A | El Paso and Duke Field Services | Duke upfront payment for connection of El Paso plant to system. | $1.00 MM | 2001-05-11 00:00:00 | 0.75 | 2001-06-01 00:00:00 | Transaction closure upon delivery of El Paso contract.
Bay Gas | Bay Gas Storage Co. | 13,000 HP storage facility expansion. | $2.40 MM | 2001-05-16 00:00:00 | 0.75 | 2001-06-01 00:00:00 | Re-pricing gas and gas swing.  Customer providing decision this week.
Oakhill | [NAME] | 16,500 HP retrofit (3 units). | $1.88 MM | 2001-05-07 00:00:00 | 0.75 | 2001-06-01 00:00:00 | Working with EES to re-price.
[NAME] | Duke Energy Field Services | 20,000 HP NGL processing plant retrofit. | $1.35 MM | 2001-05-11 00:00:00 | 0.6 | 2001-06-01 00:00:00 | Meeting with DFS at end of week of 5/21.  Received favorable customer feedback.  Waiting on power pricing from EES.
HPL Texas City | AEP | 8,000 HP for growth markets. | $1.10 MM | 2001-05-08 00:00:00 | 0.5 | 2001-08-01 00:00:00 | Waiting on completion of industrial gas sale.
Project Seebreeze Phase II B | TBD | Additional gas procurement into NGL system benefiting Enron net profit interest. | $1.00 MM | N/A | 0.5 | 2001-08-01 00:00:00 | Negotiating with counterparites for wellhead contracts.
Enron Methanol | Enron Clean Fuels | 16,500 HP retrofit (3 units). | $1.00 MM | 2001-05-09 00:00:00 | 0.25 | 2001-08-01 00:00:00 | Pricing total replacement of HP.
Cross Timbers | Cross Timbers | 6,200 HP of Gathering Compression | $500 M (early) | 2001-05-10 00:00:00 | 0.25 | 2001-08-01 00:00:00 | Developing structure.  Waiting for technical estimates.
[NAME] | [NAME] | 6,000 HP of Gathering Compression Replacement | $500 M (early) | 2001-05-11 00:00:00 | 0.25 | 2001-08-01 00:00:00 | Gathering information.
Southern Trails | Questar Pipeline Co. | 11,800 HP in total on up to 4 new stations; [NAME] (1 unit); [NAME] (1 unit); Beaumont (2 units) | $1.00 MM | 2001-05-14 00:00:00 | 0.5 | 2001-09-01 00:00:00 | Working on scenarios for Beaumont and Morongo.  Sent new proposal to customer on 5/14.
Project Chile | ENAP | Chilean field redevelopment - 30,000 + HP. | $5.00 MM | 2001-05-10 00:00:00 | 0.25 | 2001-09-01 00:00:00 | Submitted revised engagement letter; data gathering.
Unocal | Unocal | 7,000 HP grass roots station. | $1.25 MM | 2001-05-04 00:00:00 | 0.25 | 2001-09-01 00:00:00 | Customer is reviewing proposal.
Nicor | Nicor | 20,000 - 100,000 HP replacement project. | $500 M (early) | 2001-05-09 00:00:00 | 0.25 | 2001-09-01 00:00:00 | Waiting on re-pricing from EES.
Eastchester Phase II | Iroquois Gas Pipeline | 4,000 HP grass roots expansion. | $2.00 MM | 2001-05-11 00:00:00 | 0.5 | 2001-11-01 00:00:00 | Meeting with Iroquois on week of 5/11.  Customer is waiting on FERC approval.
Capline | Equilon | 225,000 (+) HP Pipeline System HPHr structuring. | $500 M (early) | 2001-05-03 00:00:00 | 0.25 | 2001-11-01 00:00:00 | Gathering information.
East LA | ET&S | 21,000 HP storage development. | $1.00 MM | 2001-05-10 00:00:00 | 0.1 | 2001-11-01 00:00:00 | Contingent on success of storage development project.
Project Seebreeze Phase III | TBD | Final monetization of Enron position. | $3.00 MM | N/A | 0.25 | 2001-12-01 00:00:00 | Pursue after initial transaction close.