Capacity Releases

---------------------- Forwarded by Chris Germany/HOU/ECT on 12/20/2000 07:27
AM ---------------------------

Enron Capital Management

From: Mark Breese 12/19/2000 03:45 PM

To: Chris Germany/HOU/ECT@ECT
cc: Scott Neal/HOU/ECT@ECT, Dick Jenkins/HOU/ECT@ECT, Ed
McMichael/HOU/ECT@ECT
Subject: Capacity Releases

I just spoke with Jim Scabareti at AGL regarding the releases of capacity.
AGL/VNG is fine with your proposal to release the assets for three years
provided the releases are recallable for any reason. This recall right is
consistent with our asset management agreement (which basically determines
the nature of recall rights AGL has under our deal)

So....

Go ahead and release the assets, 100% recallable, for three years.