Is it your intent to sell the gas to Bridgeline at NYMEX - $0.05 vs any of Oxy's bids?


-----Original Message-----
From: Concannon, Ruth 
Sent: Tuesday, June 18, 2002 4:26 PM
To: Germany, Chris; Barbe, Robin
Subject: FW: Bridgeline


FYI

-----Original Message-----
From: Schneider, Chip 
Sent: Tuesday, June 18, 2002 4:15 PM
To: Bartlett, Jeff; Coffey Jr., Jim; Concannon, Ruth; Gray, Barbara N.;
Jayne South (E-mail); Mark Ellenberg (E-mail); McMichael Jr., Ed;
Michael Koss (E-mail); Rich Shinder (E-mail); Sharp, Greg; Stephen
Youngman (E-mail)
Cc: Miller, Don (Asset Mktg)
Subject: FW: Bridgeline


FYI.  HOWEVER, I have just learned that Bridgeline's position may now be NO waiver of claims regarding storage costs after 1/31/02--the waiver will only run to transportation.  My understanding is that this is a bit different from Mark's discussion with Higgins yesterday where a waiver of both, post 1/31/02, was discussed.  Bridgeline has also verbally indicated an interest in hitting our offer at NYMEX - $0.05.

I just received a voice mail from Hugh Connett indicating that a formal response from Bridgeline is forthcoming late today or tomorrow morning.

I'll keep you posted.

-----Original Message-----
From: stephen.youngman@weil.com [mailto:stephen.youngman@weil.com]
Sent: Tuesday, June 18, 2002 3:56 PM
To: Schneider, Chip
Cc: kelli.walsh@weil.com
Subject: Re: Bridgeline



Since the "settlement" aspect is basically paying some amount of the
postpetition amounts owed, and reserving the dispute for later
consideration, I do not think that impacts the ordinary course nature of
the sale of the gas.

~~~~~~~~~~~~~~~~~~~~
Stephen A. Youngman
Weil, Gotshal & Manges LLP
stephen.youngman@weil.com
Tel:  (214) 746-7758
Fax:  (214) 746-7777



                                                                                                              
                      "Schneider, Chip"                                                                       
                      <Chip.Schneider@E        To:       Kelli Walsh/DA/WGM/US@WGM                            
                      NRON.com>                cc:       Stephen Youngman/DA/WGM/US@WGM, "Mark Ellenberg      
                                                (E-mail)" <mark.ellenberg@cwt.com>, "Rich Shinder (E-mail)"   
                      06/18/02 03:23 PM         <shinder@blackstone.com>                                      
                                               Subject:  Bridgeline                                           
                                                                                                              




Can you confirm for me that Weil is of the view that the $950k settlement
aspect of our deal with Bridgeline is also "ordinary course"?


Regards,

Chip Schneider
VP Asset Marketing
Enron North America Corp.
Tel:   (713) 853-1789
Fax:  (713) 646-3059
Cell:  (713) 306-1184
Location:  ECN711c


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