Hi Michelle - I would like to start the cashout paperwork this week. Let me
know if you are in agreement with the CIG and/or Mojave cashout described
below.

Thanks,
Sue Mayher

>  -----Original Message-----
> From: 	Mayher, Susan  
> Sent:	Tuesday, March 12, 2002 4:38 PM
> To:	'Michelle.Lokay@ENRON.com'
> Subject:	TW Cashouts
> 
> CIG
> The terminated CIG OBA had language to cashout at the NGPL MidCon price in
> the month after the OBA was terminated (10/31/01).
> The 11/2001 index price was $2.173/dth * 1,443 dth = $3,135.64 due CIG
> through October 31,2001.
> 
> Mojave
> The old Mojave OBA does not have cashout language related to the
> 11/30/2001 termination date, therefore the current month pricing would be
> used for cashout.
> The March Bloomberg Natural Gas El Paso, Topock, AZ (Mojave) index price
> is $2.30/dth * 162,111 dth = $372,855.30 due Transwestern through November
> 30, 2001.
> 
> Please let me know if you agree and I will prepare cashout documents.
> 
> Sue Mayher
> Senior Capacity Analyst
> Volume Analysis
> (719) 520-4649
> susan.mayher@elpaso.com
> 
> 


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