---------------------- Forwarded by Sara Shackleton/HOU/ECT on 05/25/99 10:52 
AM ---------------------------
To: Sara Shackleton/HOU/ECT@ECT, Mary G Gosnell/HOU/ECT@ECT
cc:  
Subject: Re: Sempra

FYI

---------------------- Forwarded by Jefferson D Sorenson/HOU/ECT on 05/24/99 
12:17 PM ---------------------------


Lee Munden
05/24/99 11:52 AM
To: Jefferson D Sorenson/HOU/ECT@ECT
cc:  
Subject: Re: Sempra  

Jeff

I have spoken with Carl and agreed to send him a draft Master gas sales 
agreement, together with ISDA documentation based upon the agreement that 
Carl says is already in place with ECT Houston.

Lee


To: Lee Munden/LON/ECT@ECT
cc:  
Subject: Re: Sempra

Do you anticipate doing trades with Sempra in the future?  Please see below 
which indicates Sempra's desire for a master if that is the case.  Please let 
me know.
713-853-5294.

Thank you,
Jeff Sorenson 
---------------------- Forwarded by Jefferson D Sorenson/HOU/ECT on 05/24/99 
10:06 AM ---------------------------


Tanya Rohauer
05/24/99 10:03 AM
To: Jefferson D Sorenson/HOU/ECT@ECT
cc:  
Subject: Re: Sempra  

I suspect they plan to do deals there as they are trying to get Enron Corp to 
guaranty the UK entities.  Talk to Lee Munden (London Credit) as he has been 
managing the Sempra relationship over there.

Thanks,
Tanya



To: Tanya Rohauer/HOU/ECT@ECT
cc:  
Subject: Re: Sempra

Do you anticipate future ECT International deals with Sempra?  

Thanks,
Jeff
---------------------- Forwarded by Jefferson D Sorenson/HOU/ECT on 05/24/99 
09:53 AM ---------------------------


Sara Shackleton
05/24/99 09:15 AM
To: Jefferson D Sorenson/HOU/ECT@ECT
cc:  
Subject: Re: Sempra  

Credit needs to initiate (and it may have to be London credit) but Tanya 
Rohauer will know.  FYI - London told us that Sempra "will not trade with ECT 
International."   SS


To: Sara Shackleton/HOU/ECT@ECT
cc: Mary G Gosnell/HOU/ECT@ECT 
Subject: Sempra

If we anticipate having to document any trades under ECT International Carl 
Petersen is going to want a Master set up with that entity.  Who needs to 
initiate that?

Thanks,
Jeff