Dale is working with the origination team on a deal named "Coyote II" (the 
sale of the possibility of building a power plant near  the watermelon 
growing capital of eastern Oregon).  The deal has reached one of several 
"final stages" of great intensity and the idea of a basis swap has been 
thrust into the commercial mixture as a possible solution to various 
problems.  We very much need you help to sort through the issues.  It begins 
with a question about characterization:  when Dale advised the team that 
swaps had to go throug the Houston channels the response was:  "oh, its not a 
financial swap,  its a physical swap.  So, here we go.---cgy
---------------------- Forwarded by Christian Yoder/HOU/ECT on 02/14/2000 
08:26 AM ---------------------------


Laura Wente
02/11/2000 04:59 PM
To: Christian Yoder/HOU/ECT@ECT
cc:  
Subject: 

See the attached.