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

Deal Description Sheet - 5/29/01
Compression Services
YTD P & L | 4176000
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. | $3.75 MM (90% ECS, 10% Storage) | N/A | 1 | 2001-05-31 00:00:00 | Closed.  Appropriate monies/ origination have been received from EGM and Duke.  ECF has been contacted via email for financial recognition for long dated storage deal.  No written response from Goodpasture.  Will contact him via phone today.
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 | 2001-05-20 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 | 2001-05-21 00:00:00 | 0.75 | 2001-06-01 00:00:00 | Provided outline of Parking Agreement to Bay Gas to offset some or all of the put option pricing previously valued at $0.86/MMBtu or $1.8 MM.
Oakhill | [NAME] | 7,000 HP retrofit. | $1.88 MM | 2001-05-22 00:00:00 | 0.5 | 12:00:00 | ENA &/or EES reportedly will not price generation into SWEPCO.  Ongoing efforts now rely on utility price quotes.  Customer waiting for pricing now 5 weeks.
[NAME] | Duke Energy Field Services | 20,000 HP NGL processing plant retrofit. | $1.35 MM | 2001-05-11 00:00:00 | 0.5 | 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. | $3.00 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 | 2001-05-23 00:00:00 | 0.25 | 2001-08-01 00:00:00 | Enron Asset Management Resources are ready to prepare preliminary estimates after given AFE.  ECS attempting to discuss w/ [NAME] to determine how they want to proceed.
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.
Carthage | Anadarko | 12,000 HP Compression Station | $500 M (early) | 2001-05-16 00:00:00 | 0.5 | 2001-09-01 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 | 2001-05-24 00:00:00 | 0.5 | 2001-09-01 00:00:00 | Working on scenarios for Beaumont and Morongo.  Sent new proposal to customer on 5/16.
Project Chile | ENAP | Chilean field redevelopment - 30,000 + HP. | $10.00 MM | 2001-05-26 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.
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 | Met with Iroquois on 5/11.  Customer is waiting on FERC approval by the end of summer.
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.
Capline | Equilon | 225,000 (+) HP Pipeline System HPHr structuring. | $500 M (early) | 2001-05-22 00:00:00 | 0.25 | 2001-11-01 00:00:00 | Gathering information.
Stagecoach | Tennessee Gas Pipeline (EPG) | 14,000 HP expansion of Tennessee 300 line. | $1.30 MM | 2001-05-24 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 | 0.25 | 2001-12-01 00:00:00 | Pursue after initial transaction close.