Below are my points fro the press release. We can expand the topics in the 
interviews. The impact should be more psychological than immediate  earnings 
potential. The emphasis should be "good for the Brazilian market". Let's 
avoid getting into Enron vs Petrobras issues.

We will be drafting the actual message in the afternoon. Federico, Robert and 
Valeria are working on Q&As. We expect to be publishing by tomorrow. Federico 
will be concentrating in the obvious market questions i.e. "when can I buy 
gas from Enron?"

The message will be adapted to Bolivian and Argentinean audiences for press 
release. 

Jose

---------------------- Forwarded by Jose Bestard/ENRON_DEVELOPMENT on 
08/17/2000 12:41 PM ---------------------------

Created 08/17 12:38 PM  
Title: Bullets - Press Release ) ANP decision on interruptible service for TBG

&Good First Step for the Brazilian market8
? Establishes the first access of a shipper other than Petrobras on the TBG 
system
? Establishes the principle of tariffs pricing based on the distance to be 
transported
? Establishes non-discriminatory general terms and conditions for all 
shippers wanting a similar type of service.
? Establishes a precedent for future services for all shippers

&Beneficial to TBG and Petrobras8
? The additional income is shared.  10% is allocated to  the Transportation 
company (TBG) and 90% is allocated to the existing shippers (Petrobras)
? Provides TBG the experience to handle transportation requests of other 
interested parties on a non-discriminatory basis.
? Interruptible service increase the overall utilization of the pipeline 
system and delays unnecessary expansions to serve the market.
&Strengthened ANP as a regulatory Agency8
? Reinforced the vision of evolving towards a competitive gas market open to 
all agents
? Provided the first experience of a processes to  evolve the transportation 
rules. 
?  Good experience for future processes, when the transportation service 
options become more sophisticated.
&Market wants this service8
? Interruptible service is today an attractive option for gas distributors 
that do not have a well defined or  predictable user demand.
? Interruptible service is an attractive option for some consumers to save of 
their energy cost by switching to other energy forms, or interrupting the use 
temporarily.
&In regards to pricing (.8
? Enron believes that the equilibrium price for such a service should be 
approximately 75% of the firm tariffs. ANP ruled that given the present low 
utilization of the pipeline, the quality of service provided will be higher, 
therefore a higher pricing level would be more appropriate at the moment. 
Therefore, the pricing formula is expected to evolve in the future as higher 
utilization is reached.
&We expect to sign a Transportation contract with TBG on the basis of the ANP 
decision very soon8