Susan, I have been discussing with Shelley the creation of a new company for 
us to hold capacity on other pipes. I would like for you to please work with 
her in helping to create this opportunity. We can discuss it further when you 
get back. Thanks.

 Steve  
---------------------- Forwarded by Steven Harris/ET&S/Enron on 12/01/2000 
03:10 PM ---------------------------


Shelley Corman
12/01/2000 01:21 PM
To: Steven Harris/ET&S/Enron@ENRON
cc:  

Subject: Re: New Marketing Company  

I'm not suggesting limiting the term.  Just recognize that NEWCO will have to 
follow different rules for each of the 3 scenarios below:

30 days or Less - Can do above max rate, no need for bidding
30 days - 1 Year - Can do above max rate, all deals must be posted for bid
Greater than 1 Year - Deals limited by max. cost-based rate (unless the 
company gets around it by selling delivered gas); all capacity release deals 
of greater than 1 year Must Be Posted on the Pipeline EBB for Bid.