FYI

-----Original Message-----
From: Scott Prophit [mailto:SDProphit@duke-energy.com]
Sent: Friday, February 15, 2002 4:01 PM
To: Barbe, Robin; Concannon, Ruth
Subject: 



Pursuant to your request, I would like to submit a bid on behalf of Duke
Energy Marketing and Trade for the following capacity package:

Pipe Line:          Iroquois Gas Transmission

Path           Waddington to South Comack

Volume              2,017 dth

Start Date:         March 1, 2002 (or as soon as practicable)

End Date:      October 31, 2006 (or the end of the contract)

Daily Rate:         $0.15 per dth

Monthly Rate:       $4.5625 per dth

Please accept this bid an indication as to our bid for this capacity.  It
is my understanding that this is a non-binding bid and Duke Energy reserves
the right to refresh its bid rate or bid term in the event that Enron would
like to negotiate further on the subject.

Sincerely,
Scott Prophit
Director of Northeast Transportation
713-989-0738