Spreadsheet: louise_kitchen__22843__Hot List Update 06-25-01
Sheet: Compression +50

Deal Description Sheet - 6/25/01
Compression Services
YTD P&L | 5382000
Project Name | Counterparty | Description | Potential Valuation | Last Customer Contact | Probability | Expected Closing (Month/Year) | Weekly Updates / Comments
Tennessee Gas Pipeline | Tennessee Gas Pipeline | Hurricane and compression interruption insurance.  1.25 BCF gas for July 2001 into Tennessee Zone 0. | $393.750M | 2001-06-25 00:00:00 | 1 | 2001-06-01 00:00:00 | Closed on Friday, 6/22/01 with [NAME] ([NAME]).
Oakhill | [NAME] | 7,000 HP retrofit. | 1.01 | 2001-06-21 00:00:00 | 0.75 | 2001-07-01 00:00:00 | Working with customer and Rusk County Co-Op to finalize deal.
Project Seebreeze Phase II A | Duke Field Services (El Paso-Matagorda Plant) | Duke upfront payment for connection of El Paso Matagorda plant to system. | $1.00 MM | 2001-06-01 00:00:00 | 0.75 | 2001-07-01 00:00:00 | Transaction closure upon delivery of El Paso contract.  [NAME] proposal currently under consideration by El Paso.
Bay Gas | Bay Gas Storage Co. | 13,000 HP storage facility expansion. | $1.20 MM | 2001-06-15 00:00:00 | 0.5 | 2001-08-01 00:00:00 | Notional pricing for gas w/parking provision received.  Conf. With customer regarding parking was positive but not confirmed.  Proposal adjustment for tiered heat rates, on/int/off peak & a reduced annual charge.
[NAME] | Duke Energy Field Services | 20,000 HP NGL processing plant retrofit. | $0.81 MM | 2001-06-22 00:00:00 | 0.5 | 2001-08-01 00:00:00 | Met with Duke on 6/6 and presented additional options.  Gathering additional information for detailed proposal.Putting CA together.
Carthage | Anadarko | 12,000 HP Compression Station | $500 M (early) | 2001-06-22 00:00:00 | 0.5 | 2001-08-01 00:00:00 | Met with customer on 6/4 and presented initial proposal.  Anadarko is continuing to review proposal, also working to put CA in place.
Nicor | Nicor | 22,000 - 72,000 HP replacement project. | $2.50 MM | 2001-06-22 00:00:00 | 0.5 | 2001-10-01 00:00:00 | Met with Nicor on 6/12 and laid out forward plan to finalize scope definition and deal structure requirements.  Planning on submitting detailed proposal by 7/31.
JM Huber | JM Huber | Producer asset/HP outsourcing deal. | $0.50 MM | 2001-06-19 00:00:00 | 0.5 | 2001-10-01 00:00:00 | Held initial data gathering meeting on 5/31.  Developing proposal.
Eastchester Phase II | Iroquois Gas Pipeline | 4,000 HP grass roots expansion. | $1.00 MM | 2001-06-19 00:00:00 | 0.5 | 2001-11-01 00:00:00 | Met with Iroquois on 5/11.  Customer is waiting on FERC approval by the end of summer.
Stagecoach | Tennessee Gas Pipeline (EPG) | 14,000 HP expansion of Tennessee 300 line. | $0.98 MM | 2001-06-22 00:00:00 | 0.75 | 2001-12-01 00:00:00 | FERC certificate not accepted.  EPG to refile in August/September pending new open season for transport.
Project Seebreeze Phase III | TBD | Final monetization of Enron position. | $3.00 MM | N/A | 0.5 | 2001-12-01 00:00:00 | Working market and awaiting initial [NAME] production.  Will develop Information Memorandum for sale to appropriate counterparties by 10/1/01.
Southern Trails | Questar Pipeline Co. | 6,000 HP Beaumont Station | $0.50 MM | 2001-06-19 00:00:00 | 0.5 | 2001-12-01 00:00:00 | Met with customer on 6/13 to present proposal and scenarios.