-----Original Message-----
From: 	Heal, Kevin  
Sent:	Tuesday, November 27, 2001 4:33 PM
To:	Sangwine, Howard; Johnston, Greg; Olinger, Kimberly S.; Miller, Stephanie; Le Dain, Eric; Sullivan, Patti; Langfeldt, Andrea; Prior, Liz; Hedstrom, Peggy; Seib, Dianne; Gillis, Brian
Subject:	Malin Retructuring with CNR

 Here are the details of the CNR restructuring that is happening effective Dec 1/01.  This should reduce the amount of credit Enron has been asked to post with both PGT-NW and TCPL.

TAGG ET3738 - 15,000  mmbtu at Malin

ENA releases to CNR PGT capacity Kingsgate to Malin 15,000 mmbtu Dec01-Oct02 at full tolls
EC assigns to CNR TCPL-BC capacity ABC to Kingsgate 16,222 GJ Dec01-Oct02
EC assigns to CNR Nova ABC capacity 437.7 e3m3 Dec01-Oct02

EC purch from CNR of 15,000 mmbtu term Dec 01-Oct08: 
Del Pt changes from NIT to Malin
price changes so EC does not collect Nova, TCPL-BC or PGE-NW toll; EC still pays to CNR 25% of PGE-NW and TCPL-BC tolls
EC does not collect fuel. i.e. Fuel NIT goes to zero

EC sale to ENA of 15,000 mmbtu term Dec 01- Oct 08:
Del Pt changes from Kingsgate to Malin
price changes so ENA does not collect PGE-NW toll
EC does not supply PGE-NW fuel

CNR appoints EC as nomination agent on PGE-NW and TCPL-BC
CNR assigns West Gate shrinkage rights to EC

EC and ENA own renewal rights. CNRL does not.

TAGG E99896 - 10,000  mmbtu at Malin

ENA releases to CNR PGT capacity Kingsgate to Malin 10,000 mmbtu Dec01-Oct03 at full tolls
EC assigns to CNR TCPL-BC capacity ABC to Kingsgate 10,815 GJ Dec01-Oct03
EC does not assign Nova

EC purch from CNR of 10,000 mmbtu term Dec 01-Oct 03: 
Del Pt changes from NIT to Malin
price changes so EC does not collect TCPL-BC or PGE-NW toll; still collect Nova toll
EC does not collect fuel. i.e. Fuel NIT goes to zero

EC sale to ENA of 10,000 mmbtu term Dec 01-Oct 03:
Del Pt changes from Kingsgate to Malin
price changes so ENA does not collect PGE-NW toll
EC does not supply PGE-NW fuel

CNR appoints EC as nomination agent on PGE-NW and TCPL-BC

Howard Sangwine and Greg Johnson are preparing confirmation amendments that should reflect the above terms.

Any questions give me a call.

Kevin Heal
Enron Canada Corp.
403 974-6727