this was the response from legal...  please let me know if you have any objections.

thanks,

ml

 -----Original Message-----
From: 	Dickson, Stacy E.  
Sent:	Wednesday, September 19, 2001 4:38 PM
To:	Lozano, Melba
Subject:	RE: Baja description

Melba, 

I would like to re-phrase this slightly.  "Seller must communicate its election of the interconnect delivery point to Buyer by 10:15 Central Prevailing Time on the business day prior to the Effective Date (the "Election Deadline").  In the event that Seller does not communicate its election to Buyer by the Election Deadline, the interconnect delivery point shall be El Paso Natural Gas Pipeline at PG&E Topock."

Please note - I changed Central Standard Time to Central Prevailing Time to accomodate daylight savings time.

Stacy
 -----Original Message-----
From: 	Lozano, Melba  
Sent:	Wednesday, September 19, 2001 1:55 PM
To:	Dickson, Stacy E.
Cc:	Walker, Chris; Meredith, Kevin; Wolfe, Jason; Grigsby, Mike
Subject:	FW: Baja description

Stacy,

The traders want to add the phrase in BLUE to the following location.  Could we go ahead and do this?  Please let me know.

Melba
58986

 -----Original Message-----
From: 	Lozano, Melba  
Sent:	Wednesday, September 19, 2001 1:09 PM
To:	Wolfe, Jason
Subject:	Baja description


US Gas Phy       PG&E Baja Pool          Oct01           USD/MM
A US Gas Transaction with Enron North America Corp., under which Seller shall sell and Buyer shall purchase a quantity of natural gas equal to the Daily Contract Quantity at the Contract Price on a firm basis. The volumes scheduled to be delivered are subject to reductions due to normal operational constraints on the El Paso Natural Gas Pipeline. The reductions caused by these constraints are excused nonperformance and are not considered a failure to receive or deliver firm gas. The Contract Price shall be as submitted by Counterparty via the Website.  The Period of Delivery shall be from the Effective Date through the Termination Date.
The term of the Transaction shall correspond to the date(s) set forth in the Product description on the Website.
The transaction is for delivery into PG&E's Baja pipeline via the PG&E -  Topock interconnect off of either El Paso Natural Gas Pipeline or Transwestern Pipeline or PG&E -  Daggett interconnect  off of Kern River Gas Transmission at the Seller's discretion. The seller's decision regarding interconnect delivery point must be communicated to the buyer no later than 10:15 Central Standard Time on the business day prior to the Effective Date or delivery will be assumed to be El Paso Natural Gas Pipeline at PG&E Topock interconnect. 
The price is quoted in US Dollars per unit of volume, which will be the Contractual Currency.
The unit of measure against which the price is quoted shall be millions of British thermal units and the quantity shown shall be in millions of BTUs per day.