February Curve Validation

---------------------- Forwarded by Darron C Giron/HOU/ECT on 03/21/2001
02:23 PM ---------------------------

From: Jennifer Nguyen @ ENRON 03/13/2001 05:21 PM

To: Darron C Giron/HOU/ECT@ECT, Phillip M Love/HOU/ECT@ECT, Kam
Keiser/HOU/ECT@ECT
cc: Jeffrey C Gossett/HOU/ECT@ECT, Cassi Wallace/Corp/Enron@Enron
Subject: February Curve Validation

Hi guys --

Hopefully these curves are covered between the three of you! Attached are
the 10 curves reviewed for the month of February. Of these 10, the curves in
question are:

NGI-PGE TOPOCK
IF-HEHUB
IF-VALERO TX
IF-NNG TOK
IF-TW PERMIAN
IF-TRANSCO Z1
IF-TENN Z5

If you could, please identify the factors that are driving their drastic
changes in shape and seasonality as compared to the prior month. Please do
not hesitate to contact me with any questions.

Thanks,
Jennifer
x5-7590