I will forward a copy of a memo prepared by Bracewell and Patterson 
addressing  regulatory issues related to the proposal below.

Robert





	James D Steffes@ENRON
	04/30/2001 03:37 PM
		 
		 To: Robert Neustaedter/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Rebecca W 
Cantrell/HOU/ECT@ECT, Leslie Lawner/NA/Enron@Enron, Jeff 
Dasovich/NA/Enron@Enron, Amr Ibrahim/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
		 cc: 
		 Subject: Base Gas Monetization

Does anyone know about the Regulatory risks or approvals necessary with 
monetization of Base Gas contained within Storage (either LDC or P/L)?

Someone from Gas Assets called about this opportunity and I wanted to 
understand before setting up a meeting.

Jim