Gentlemen -

The revised counter was delivered to Zaman earlier today.  McGee spoke with 
Zaman and later with both Trujillo and Zaman.  They delivered what they 
stated, and McGee believes, is their final and bottom line proposal.  They 
would not consider Standing Rock as part of this negotiation (although they 
would be open to separate negotiation over Standing Rock), they required $15 
million up front and $2.34 million per year with a CPI escalator.  This is 
just slightly over $29 million in today's dollars.

They wish an answer tomorrow to the proposal.  McGee did not commit to do so 
but he did request that Zaman and Trujillo confirm from the Task Force this 
Friday whether they had the authority to make this proposal.







Stanley Horton
07/19/2000 04:52 PM
Sent by: Cindy Stark
To: Steven Harris/ET&S/Enron@ENRON
cc: Louis Soldano/ET&S/Enron@ENRON, Michael Moran/ET&S/Enron@ENRON, James 
Derrick/Corp/Enron@ENRON, laruzow@concentric.net, jw1000mac@yahoo.com, 
lslade@modrall.com, Johnny McGee/OTS/Enron@ENRON, lsoldano@wt.net 

Subject: Re: Navajo Offer  

REVISED COUNTER:   $15 million up front and $2.0 million per year fixed 
payment (no CPI adjustment) and Standing Rock right-of-way.

What does everyone think?

Stan




Steven Harris
07/18/2000 03:49 PM
To: Stanley Horton/Corp/Enron@Enron
cc: Louis Soldano/ET&S/Enron@ENRON, Michael Moran/ET&S/Enron@ENRON, James 
Derrick/Corp/Enron@ENRON, laruzow@concentric.net, jw1000mac@yahoo.com, 
lslade@modrall.com, Johnny McGee/OTS/Enron@ENRON, lsoldano@wt.net 

Subject: Re: Navajo Offer  

I agree 100%. That would be my position as well.

 Steve 



Stanley Horton
07/18/2000 02:56 PM
Sent by: Cindy Stark
To: Louis Soldano/ET&S/Enron@ENRON
cc: Michael Moran/ET&S/Enron@ENRON, James Derrick/Corp/Enron@ENRON, 
laruzow@concentric.net, jw1000mac@yahoo.com, lslade@modrall.com, Johnny 
McGee/OTS/Enron@ENRON, Steven Harris/ET&S/Enron@ENRON, lsoldano@wt.net 

Subject: Re: Navajo Offer  

Counter:   $15 million up front and $2.0 million per year fixed payment (no 
CPI adjustment).     What do you think?

Stan



07/14/2000 06:32 PM
Louis Soldano
Louis Soldano
Louis Soldano
07/14/2000 06:32 PM
07/14/2000 06:32 PM
To: Michael Moran/ET&S/Enron@ENRON, Stanley Horton/Corp/Enron@Enron, James 
Derrick/Corp/Enron@ENRON, laruzow@concentric.net, jw1000mac@yahoo.com, 
lslade@modrall.com, Johnny McGee/OTS/Enron@ENRON, Steven 
Harris/ET&S/Enron@ENRON
cc: lsoldano@wt.net 

Subject: Navajo Offer

McGee spoke with Zaman this afternoon.  Zaman relayed an informal counter 
proposal to Transwestern's offer of earlier this week.  Zaman (and Das and 
Trujillo) would recommend to the Task Force a settlement of $15 million up 
front with a $2.5 million per year payment for each of the renewal years.  
The $2.5 million figure would be escalated by the CPI index.