Jeff,
 I had informed them that I was out Monday, however they scheduled the 
meeting anyway.  I forwarded our standard enfolio to Teresa for this deal.  
She wants to delete the $0.15 from 3.2 and 3.4.  I suggested that we delete 
it in the transaction documents, but I think she will insist that it be taken 
out of the master.  I had requested that they invite Scott Neal to the 
meeting to discuss what they viewed as their obligation if the producer did 
not deliver the production payment volumes.  They had suggested that they use 
the enfolio default mechanism to calculated the $ damages, but in lieu of 
paying the $s, they would deliver a volume equal to such $s in a future 
undefined period.  Later they agreed that because of the financial hedge that 
was being put into place, they could pay such $ damages  at the time of 
default.  
 If they need someone from gas trading, can you attend Monday.  I am going to 
leave Teresa a message requesting that she try to get Scott Neal or his 
representative to attend and to let you know if your attendance was needed.  
----- Forwarded by Dan J Hyvl/HOU/ECT on 12/15/2000 03:32 PM -----

	Amy Rios
	12/15/2000 03:26 PM
		 
		 To: Dan J Hyvl/HOU/ECT@ECT, Alan Aronowitz/HOU/ECT@ECT, Eric 
Groves/HOU/ECT@ECT, Eric Moon/HOU/ECT@ECT, John Griffith/Corp/Enron@Enron, 
Joan Quick/HOU/ECT@ECT, Jesus Melendrez/Corp/Enron@Enron, Teresa G 
Bushman/HOU/ECT@ECT, Mary Cook/HOU/ECT@ECT
		 cc: Chantelle Villanueva/HOU/ECT@ECT, Joya Williams/HOU/ECT@ECT, Sheri L 
Cromwell/HOU/ECT@ECT
		 Subject: VPP Meeting

A meeting regarding the Terms of Physical Offtake Agreement with the VPP 
Facility has 
  been scheduled for Monday December 18th at 1:00-2:00 in EB2868.

  Amy
  x37293