Barry,
No, I didn't receive this before. Regarding the plan for us to build credit
by selling day gas, yes, a bit more detail on the mechanics would help. Any
trading with Enron would have to be approved by my management. Regarding El
Paso, Gas Procurement needs to see what the utility's plan of reorganization
is before we can look at that seriously. The plan is due Dec 6 at the
latest. I have a call in to Eric LeDain regarding the Canadian contract, so
we should be getting to that soon.
Ray

-----Original Message-----
From: Tycholiz, Barry [mailto:Barry.Tycholiz@enron.com]
Sent: Wednesday, September 19, 2001 5:13 AM
To: Welch, Ray
Subject: FW: Gas Purchases and Transportation 



I think that this note did you receive you the first time...

Sorry, BT 
>  -----Original Message-----
> From: 	Tycholiz, Barry  
> Sent:	Tuesday, September 18, 2001 6:00 PM
> To:	'rwxc@pge.com'
> Subject:	Gas Purchases and Transportation 
> 
> Ray... seems like its been a while since we met in San Fransisco, ....
> and of course so much has happened since then. 
> 
> I have been talking with our in house legal and with Canada and I know
> Eric and yourself have also been talking. I believe that the door has
> been pushed open a little and if everyone tries to get these
> agreements cleaned up  and executed that PG&E and Enron ( Canada & US
> ) can start to transact.
> 
> With that being said, there are two areas which I would like to
> refresh from our discussions..
> 
> 1.  Did you give any further thought to the utilization of Daily gas
> sales as a collateral.. I truly believe that this vehicle is a very
> efficient,easy way for PG&E to enhance the credit with ENA and once we
> have a 30 day bucket... we can get you trading access to EOL.  Lot's
> of details to work out, but I would like to keep this discussion at
> the forefront. I can send the details of how this proposal would work
> if required. ( let me know ) 
> 
> 2.  As discussed, ENA holds some 5 year El Paso capacity. I am looking
> to assign this capacity and possibly and would like to investigate
> your supply requirements and possible alternatives such that you can
> consider our capacity.  
> 
> I trust all is well and look forward to talking to you soon. 
> 
> Barry Tycholiz 


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