Boys - it looks like Allegheny may be interested in the Tranwestern gas.  Are you guys available at 2:30 p.m. today?

cmm


 -----Original Message-----
From: 	"Cregar, Marie" <mcregar@aeglobalmarkets.com>@ENRON  
Sent:	Wednesday, January  23, 2002 10:05 AM
To:	Meyer, Chris
Cc:	Kostiner, Barry; Junek, Daniel
Subject:	RE: Transwestern Gas

Chris:

I just wanted to let you know that I have spoken with Barry and we are
interested in looking into this.

Would you be available later this afternoon for a conference call?

Marie

-----Original Message-----
From: Meyer, Chris [mailto:Chris.Meyer@enron.com]
Sent: Wednesday, January 16, 2002 1:05 PM
To: mcregar@aeglobalmarkets.com
Subject: Transwestern Gas


Marie -I am working the back end of a deal on Transwestern that Allegheny
may have an interest.

As part of a compression service deal on Transwestern, Enron Compressions
Service (a non-bankrupt Enron entity) is long approximately 12,000 /d of
physical gas at the West Texas Pool beginning Feb 02.  ECS receives these
molecules directly from TW. In turn, ECS converts the gas to cash in order
to pay a portion of the electric bill required to run the electric driven
compression.  With the bankruptcy of ENA, ECS is  looking for another
counter party to monazite the gas.  The contract has a small swing component
which is fixed (each month) during bid week.  The specifics are as follows:

	Contract #1:	Base 7,892 mmbtu/d through December 31, 2006
			Swing (up only) of 1,120 mmbtu/d through December
31, 2006

	Contract #2	Base 3,462 mmbtu/d through May 31, 2010
			Swing (up only) of 595 mmbtu/d through July 31, 2010

Again TW delivers all molecules to the West Texas Pool.  We are willing to
consider a term of any length, but strongly prefer to sell the term.

Chris Meyer
713-444-5439




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