Killing physical deals

Please read.

DG
---------------------- Forwarded by Darron C Giron/HOU/ECT on 01/25/2001
01:57 PM ---------------------------

Jeffrey C Gossett
01/25/2001 01:46 PM
To: Kam Keiser/HOU/ECT@ECT, Darron C Giron/HOU/ECT@ECT, David
Baumbach/HOU/ECT@ECT, Errol McLaughlin/Corp/Enron@ENRON, Phillip M
Love/HOU/ECT@ECT
cc: Hunter S Shively/HOU/ECT@ECT, Scott Neal/HOU/ECT@ECT, Phillip K
Allen/HOU/ECT@ECT, Thomas A Martin/HOU/ECT@ECT
Subject: Killing physical deals

We have had a few recent instances where deals have been unwound in TAGG and
not in Sitara. This, has, in all cases resulted in a negative financial
impact. Going forward, no long-term physical deals will be unwound without
my signature, and that of the physical trader responsible for trading the
area for which the deal was done. Also, all unwind tickets will require
the old TAGG and Sitara deal number to be written on the ticket.