Enron Mail

From:phillip.allen@enron.com
To:ned.higgins@enron.com
Subject:Re: Unocal WAHA Storage
Cc:mike.grigsby@enron.com
Bcc:mike.grigsby@enron.com
Date:Wed, 25 Apr 2001 08:57:00 -0700 (PDT)

Ned,

Regarding the Waha storage, the west desk does not have a strong need for
this storage but we are always willing to show a bid based on the current
summer/winter spreads and cycling value. The following assumptions were made
to establish our bid: 5% daily injection capacity, 10% daily withdrawal
capacity, 1% fuel (injection only), 0.01/MMBtu variable injection and
withdrawal fees. Also an undiscounted June 01 to January 02 spread of $0.60
existed at the time of this bid.

Bid for a 1 year storage contract beginning June 01 based on above
assumptions: $0.05/ MMBtu/Month ($0.60/Year). Demand charges only.

I am not sure if this is exactly what you need or not. Please call or email
with comments.

Phillip Allen