My understanding is that the EPNG contract terminates today on its own terms if not rejected, and is deemed rejected automatically if we don't do anything to the contrary today.  There are some other contracts which will be deemed rejected on May 3rd unless assumed. Ruth is going to prepare a brief presentation to the BTRC for Thursday to deal with all of these matters instead of rushing in today.

If anyone disagrees with this description and/or game plan, please let me know.

Kay

-----Original Message-----
From: jeffrey.d.benton@us.pwcglobal.com
[mailto:jeffrey.d.benton@us.pwcglobal.com]
Sent: Tuesday, April 30, 2002 11:33 AM
To: Mann, Kay
Cc: Germany, Chris; McMichael Jr., Ed; Garza, Maria;
mark.ellenberg@cwt.com; michael.koss@us.pwcglobal; Barbe, Robin;
Concannon, Ruth
Subject: RE: EPNG Stipulation -- Rejection of ROFR Contract



PwC concurs with Kay.  We've alerted the Creditors, who in turn deferred to
the legal process since there is no value being waived.

Jeff




                                                                                                                                       
                      "Mann, Kay"                                                                                                      
                      <Kay.Mann@enron.co       To: "Concannon, Ruth" <Ruth.Concannon@enron.com>, <mark.ellenberg@cwt.com>              
                      m>                       cc: "McMichael Jr., Ed" <Ed.McMichael@enron.com>, <michael.koss@us.pwcglobal>, Jeffrey  
                      04/30/2002 12:07           D Benton/US/FAS/PwC@Americas-US, "Garza, Maria" <Maria.Garza@enron.com>, "Barbe,      
                      PM                         Robin" <Robin.Barbe@enron.com>, "Germany, Chris" <Chris.Germany@enron.com>            
                                               Subject:  RE: EPNG Stipulation -- Rejection of ROFR Contract                            
                                                                                                                                       
                                                                                                                                       




I spoke with Chip.  This can be presented to the BTRC today at the 1 oclock
meeting, assuming we have all our ducks in a row.

Ed, Ruth, ready to go with this?

Kay

>  -----Original Message-----
> From:     Concannon, Ruth
> Sent:     Monday, April 29, 2002 5:54 PM
> To: 'mark.ellenberg@cwt.com'; Mann, Kay
> Cc: McMichael Jr., Ed; 'michael.koss@us.pwcglobal';
'jeffrey.d.benton@us.pwcglobal.com'; Garza, Maria; Barbe, Robin; Germany,
Chris
> Subject:  EPNG Stipulation -- Rejection of ROFR Contract
>
> Attached is the deal description for the El Paso ROFR contract that needs
to be rejected by April 30th.
>
> Please send this to the appropriate folks at Squire Sanders.
>
> Thanks,
> Ruth Concannon
> ruth.concannon@enron.com
> 713-853-1667
>
>  << File: DEAL DESCRIPTION 9E3X.doc >>


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