Re: Proposal to Caithness Big Sandy

Thanks, dude. Have a great holiday!

From: Drew Fossum 11/21/2000 02:56 PM

To: Jeffery Fawcett/ET&S/Enron@ENRON
cc: Steven Harris/ET&S/Enron@ENRON, Kevin Hyatt/ET&S/Enron@Enron, Susan
Scott/ET&S/Enron@ENRON, Keith Petersen/ET&S/Enron@ENRON, Ronald
Matthews/ET&S/Enron@ENRON, Rod Hayslett/FGT/Enron@ENRON, James
Centilli/ET&S/Enron@ENRON

Subject: Re: Proposal to Caithness Big Sandy

Looks good--I'm faxing some minor comments. Give George my best! DF

Jeffery Fawcett
11/21/2000 01:17 PM
To: Drew Fossum/ET&S/Enron@ENRON, Steven Harris/ET&S/Enron@ENRON, Kevin
Hyatt/ET&S/Enron@Enron
cc: Susan Scott/ET&S/Enron@ENRON, Keith Petersen/ET&S/Enron@ENRON, Ronald
Matthews/ET&S/Enron@ENRON, Rod Hayslett/FGT/Enron@ENRON, James
Centilli/ET&S/Enron@ENRON

Subject: Proposal to Caithness Big Sandy

Attached for your review and comment is a broad outline of a rate proposal to
Caithness for the construction and operation of the 40-mile lateral to the
Big Sandy project. This non-binding proposal was requested by Caithness'
consultant, George Briden, as a starting point for modeling the economics of
the project's gas supply and a basis for further discussions aimed at
designing an appropriate deal structure. For your information, James
Centilli calculated the transport rate based on the (+/- 30%) $20.33MM cost
estimate with a ten-year (contract) amortization.

I plan to put this in the mail by the close of business tomorrow. If you
have any suggestions, please let me hear from you by mid-day. Thanks.