---------------------- Forwarded by Eric Bass/HOU/ECT on 04/10/2000 05:18 PM 
---------------------------
Dale Neuner   04/10/2000 05:18 PM

To: Stacy E Dickson/HOU/ECT@ECT
cc: Eric Bass/HOU/ECT@ECT, David Forster/Corp/Enron@Enron 
Subject: New Product - Please review and approve.

Stacey - 

Eric on the Texas desk would like to start trading on a new Product called a 
24x5, where the Term of the 
Transaction would be for a calendar month, but delivery would only take place 
on weekdays. Please review the 
following and offer comments/approval:



US Gas Phy       Exxon Katy WkD          May00           USD/MM

A US Gas Transaction with Houston Pipeline Company, 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 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 be from the Effective Date of 01 May 2000 
to the Termination Date of 31 May 2000.
The transaction is for delivery at the tailgate of the Exxon Katy Plant.
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.
Delivery shall occur on each Monday, Tuesday, Wednesday, Thursday and Friday 
during the Term of this 
Transaction.

Eric; we still need to figure out how to make these fail when bridging to 
Satari, but we are closer.

Dale