---------------------- Forwarded by Jim Schwieger/HOU/ECT on 03/22/2001 03:07 PM ---------------------------


Jim Schwieger
10/02/2000 05:52 PM
To:	Jim Coffey/HOU/ECT@ECT
cc:	 
Subject:	Re: Working Gas - Triple Lutz

No working gas available to sell to the winning bidder, but we will probably have some Cushion Gas that we will have to pay back!
	Swig
---------------------- Forwarded by Jim Schwieger/HOU/ECT on 10/02/2000 05:49 PM ---------------------------
From:	Jim Coffey on 10/02/2000 04:42 PM
To:	Jim Schwieger/HOU/ECT@ECT
cc:	Patrick Wade/HOU/ECT@ECT, Wes Colwell/HOU/ECT@ECT 
Subject:	Re: Working Gas - Triple Lutz   

Jim 
Just to clarify, the quesiton is will there be any working gas available for sale to the winning bidder as of the end of January.



Jim Schwieger
10/02/2000 03:55 PM
To:	Jim Coffey/HOU/ECT@ECT
cc:	 
Subject:	Working Gas - Triple Lutz

Jim,
I wanted to clarify that we will still be pulling gas out of the ground in Febr & March.  The Stg Book has always recorded hedgable volumes of 56.5 BCF.   This is the difference between 117.5 BCF and 61 BCF.  The Acctg Books have always recorded the working gas as everything above I believe 70 BCF.  So when David says working gas will be -0- by January 31, 2001 he is correct but we will be drawing down on what the Acctg Books have recorded as Cushion Gas.

	Swig
---------------------- Forwarded by Jim Schwieger/HOU/ECT on 10/02/2000 03:32 PM ---------------------------
   
	Enron Capital Management  From:  David Baumbach                           10/02/2000 01:23 PM	
		


To:	Jim Coffey/HOU/ECT@ECT
cc:	Jim Schwieger/HOU/ECT@ECT, Edward D Gottlob/HOU/ECT@ECT, Brenda F Herod/HOU/ECT@ECT, Steve Jackson/HOU/ECT@ECT 
Subject:	Working Gas - Triple Lutz

According to the Cost of Inventory Schedule there will be no Working Gas in the ground at the end of January.  That is assuming we have actually withdrawn what we have booked.

Dave










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