Re:

---------------------- Forwarded by Mark Breese/HOU/ECT on 12/19/2000 03:00
PM ---------------------------

Phil DeMoes@ENRON
12/19/2000 02:33 PM
To: Mark Breese/HOU/ECT@ECT
cc:
Subject: Re:

Per our discussion.
---------------------- Forwarded by Phil DeMoes/Corp/Enron on 12/19/2000
02:29 PM ---------------------------

Janet R Dietrich@ECT
12/18/2000 11:12 AM
To: Phil DeMoes/Corp/Enron@ENRON
cc: Gil Muhl/Corp/Enron@ENRON, Jeffrey A Shankman/HOU/ECT@ECT

Subject: Re:

It doesn't sound like they are anywhere near making a decision on Elba. I
would suggest putting this on the back burner for now and focus on other
opportunities in the gas market away from Elba. Have Doug Arnell advise you
when they are closer to formulating a strategy and decision around Elba.
---------------------- Forwarded by Janet R Dietrich/HOU/ECT on 12/18/2000
10:56 AM ---------------------------

From: Jeffrey A Shankman 12/18/2000 10:32 AM

To: Janet R Dietrich/HOU/ECT@ECT
cc:
Subject: Re:

FYI.

Jeff
---------------------- Forwarded by Jeffrey A Shankman/HOU/ECT on 12/18/2000
10:38 AM ---------------------------

Doug Arnell@ENRON_DEVELOPMENT
12/18/2000 10:19 AM
To: Jeffrey A Shankman/HOU/ECT@ECT
cc: Eric Gonzales@ECT, Les Webber/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Phil
DeMoes/Corp/Enron@ENRON
Subject: Re:

My view on the discussions with Southern Co. is that it is one of several
potential ways to get at some upside out of our rights at Elba Island. It's
also giving us a good indication of where the market is for gas sourced from
LNG coming in to Elba. Nothing will be committed to without considering all
the alternatives at Elba and a full review within EGM and asumably ENA. The
discussions are still, in my view, exploratory.

Thanks

From: Jeffrey A Shankman @ ECT 12/14/2000 08:17 AM

To: Phil DeMoes/Corp/Enron@ENRON, Doug
Arnell/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Eric Gonzales/LON/ECT@ECT, Les
Webber/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: Janet R Dietrich/HOU/ECT@ECT

Subject:

Before we sign ANYTHING with Southern about the Elba volumes, I'd like an
update. Also I want to make sure we aren't trading anything away at Elba
that we could be talking about elsewhere. Thanks.

Jeff