Here are El Paso's comments to our guaranty format.  Please review and let me 
know.

thanks
brant



 -----Original Message-----
From:  "Jones, Shelley" <Shelley.Jones@ElPaso.com>@ENRON 
[mailto:IMCEANOTES-+22Jones+2C+20Shelley+22+20+3CShelley+2EJones+40ElPaso+2Eco
m+3E+40ENRON@ENRON.com] 
Sent: Tuesday, March 06, 2001 1:16 PM
To: Reves, Brant
Subject: RE: BGML - Enron/Texaco

Brant,

Please find attached comments to the guaranty formats.








Shelley Jones
Principal Credit Analyst
El Paso Merchant Energy, LP
Phone:  713-420-4827
E-mail:  joness4@epenergy.com


-----Original Message-----
From: Brant.Reves@enron.com [mailto:Brant.Reves@enron.com]
Sent: Friday, March 02, 2001 10:15 AM
To: Jones, Shelley
Subject: RE: BGML - Enron/Texaco


Here are those guaranty formats.

Let me know if I can do anything else.

thanks
brant



(See attached file: Outgoing ENE-JV Guaranty Format.doc)

(See attached file: Outgoing TEX-JV Guaranty Format.doc)



    -----Original Message-----
   From:   "Jones, Shelley" <Shelley.Jones@ElPaso.com>@ENRON

[mailto:IMCEANOTES-+22Jones+2C+20Shelley+22+20+3CShelley+2EJones+40ElPaso+2E
com+3E+40ENRON@ENRON.com]


   Sent:   Thursday, March 01, 2001 9:35 AM
   To:     Reves, Brant
   Subject:  RE: BGML - Enron/Texaco

   I did get a respond to Legal, however, can you resend the guaranty
   formats
   so I can make changes.  I apparently deleted those formats.  Thanks
   Brant!

   Shelley Jones
   Principal Credit Analyst
   El Paso Merchant Energy, LP
   Phone:  713-420-4827
   E-mail:  joness4@epenergy.com

   >  -----Original Message-----
   > From:      Reves, Brant [mailto:Brant.Reves@ENRON.com]
   > Sent:      Tuesday, February 27, 2001 8:22 AM
   > To:   Jones, Shelley
   > Subject:   RE: BGML - Enron/Texaco
   >
   > Any further update on this request?  Perhaps you might provide the
   name of
   > a legal contact?
   >
   > thanks
   > brant
   >
   >
   >
   >        -----Original Message-----
   >       From:     Jones, Shelley  [mailto:Jones.Shelley@EPEnergy.com]
   >       Sent:     Wednesday, February 21, 2001 8:28 PM
   >       To:  'Brant.Reves@enron.com'
   >       Subject:  RE: BGML - Enron/Texaco
   >
   >       Guaranties have been sent to legal.
   >
   >       Shelley Jones
   >       Principal Credit Analyst
   >       El Paso Merchant Energy, LP
   >       Phone:  713-420-4827
   >       E-mail:  joness4@epenergy.com
   >
   >
   >       -----Original Message-----
   >       From: Brant.Reves@enron.com [mailto:Brant.Reves@enron.com]
   >       Sent: Tuesday, February 20, 2001 10:29 AM
   >       To: Jones, Shelley
   >       Cc: Trevor.Mihalik@BHLP.com
   >       Subject: RE: BGML - Enron/Texaco
   >
   >
   >
   >       Hey Shelley,
   >
   >       In follow up to this morning's voice mail regarding a status
   update.
   > Where
   >       do we stand on this request?
   >
   >       thanks
   >       brant
   >
   >
   >
   >
   >
   >
   >       "Jones, Shelley" <Jones.Shelley@EPEnergy.com> on 02/14/2001
   01:11:10
   > PM
   >
   >       To:   "'Brant.Reves@enron.com'" <Brant.Reves@enron.com>
   >       cc:
   >       Subject:  RE: BGML - Enron/Texaco
   >
   >
   >       Guaranties are currently being reviewed in legal.....
   >
   >       Shelley Jones
   >       El Paso Merchant Energy, LP
   >       Phone:  713-420-4827
   >       E-mail:  joness4@epenergy.com
   >
   >
   >       -----Original Message-----
   >       From: Brant.Reves@enron.com [mailto:Brant.Reves@enron.com]
   >       Sent: Wednesday, February 14, 2001 11:35 AM
   >       To: Jones, Shelley
   >       Cc: Trevor.Mihalik@BHLP.com
   >       Subject: BGML - Enron/Texaco
   >
   >
   >       Any update on this request?
   >
   >
   >       ---------------------- Forwarded by Brant Reves/HOU/ECT on
   > 02/14/2001 11:33
   >       AM ---------------------------
   >
   >
   >       Brant Reves
   >       02/12/2001 10:04 AM
   >
   >       To:   JonesS4@epenergy.com
   >       cc:
   >       Subject:  BGML - Enron/Texaco
   >
   >       Hello,
   >
   >       Because Bridgeline Gas Marketing has not yet been able to
   complete
   > its
   >       year-end audit and because the Company desires to trade with
   > counterparties
   >       other than Enron and Texaco, I am sending Enron/Texaco gty
   formats
   > that we
   >       would like to put into place for the next six months.  At the
   end of
   > this
   >       period, a new gty will be provided from Bridgeline Holdings,
   with
   > support
   >       from a completed year-end audit.  Please review these formats
   that
   > have
   >       been negotiated between Enron and Texaco.  If acceptable, fill
   in
   > the
   >       relevant information and return w/ an address for hardcopy
   > overnight.
   >
   >       thanks
   >       brant
   >
   >       (See attached file: Outgoing ENE-JV Guaranty Format.doc)
   >
   >       (See attached file: Outgoing TEX-JV Guaranty Format.doc)
   >
   >
   >
   >
   ******************************************************************
   >       This email and any files transmitted with it from El Paso
   >       Energy Corporation are confidential and intended solely
   >       for the use of the individual or entity to whom they are
   >       addressed. If you have received this email in error
   >       please notify the sender.
   >
   ******************************************************************
   >
   >
   >

    - C.DTF << File: C.DTF >>


 - Bridgeline Gas Marketing LLC (Enron).doc
 - Bridgeline Gas Marketing LLC (Texaco).doc