URGENT REQUEST: PLEASE REVIEW AND APPROVE NEW PRODUCT TYPE

Cc: nony.flores@enron.com, tana.jones@enron.com
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Please handle this request. It looks very similar to the exchage product we
just signed off on.Thanks.
----- Forwarded by Alan Aronowitz/HOU/ECT on 03/09/2001 02:43 PM -----

Tana Jones
03/09/2001 10:48 AM

To: Alan Aronowitz/HOU/ECT@ECT
cc:
Subject: URGENT REQUEST: PLEASE REVIEW AND APPROVE NEW PRODUCT TYPE
(ENRONONLINE)

----- Forwarded by Tana Jones/HOU/ECT on 03/09/2001 10:48 AM -----

Robert B Cass
03/09/2001 10:43 AM

To: Mark Taylor/HOU/ECT@ECT, Tom Moran/HOU/ECT@ECT, Jeff Blumenthal/HOU/ECT,
Susan Musch/ENRON_DEVELOPMENT, Bjorn Hagelmann/HOU/ECT, Shifali
Sharma/NA/Enron
cc: Lisa Lees/HOU/ECT@ECT, Stephanie Sever/HOU/ECT@ECT, Tana
Jones/HOU/ECT@ECT, Karen Lambert/HOU/ECT@ECT, Kelly Lombardi/NA/Enron@Enron,
Tara Sweitzer/HOU/ECT@ECT, Dawn C Kenne/HOU/ECT@ECT, Torrey
Moorer/HOU/ECT@ECT, Chris Walker/HOU/ECT@ECT, Kevin
Meredith/Corp/Enron@ENRON, Melba Lozano/HOU/ECT@ECT, John
Viverito/Corp/Enron@Enron, Nony Flores/HOU/ECT@ECT
Subject: URGENT REQUEST: PLEASE REVIEW AND APPROVE NEW PRODUCT TYPE
(ENRONONLINE)

Your review and approval of the following product type in the EOL Datamanager
is needed (for directions on approval , please see steps for approval at the
bottom of this e-mail). If you have any questions please call me at ext.
35491.

Please do not approve product types in Datamanager between 7:30 - 10:00 am.
Please grant approval no later than 12:00 noon on March 14, 2001.

Trader: Robert Fuller

New Product Type: US Crude WTI Phy Exchange (Platts Indexed Commodities)

EXAMPLE:

US WTI Phy Exch Platts WTI / ANS Month/Yr USD/bbl

Product Type Long descripton:
A US Crude Transaction with Enron Reserve Acquisition Corp. (ERAC), under
which (A) where ERAC is the Buyer, ERAC shall sell and deliver to
Counterparty and Counterparty shall purchase and receive a quantity of West
Texas Intermediate crude oil deemed gravity 40 API ("WTI") at Cushing,
Oklahoma U.S.A. TEPPCO Crude Pipeline, L.P. ("Cushing") equal to the volume
submitted by the Counterparty via the Website for delivery during the term of
the Transaction, and Counterparty shall sell and deliver to ERAC and ERAC
shall purchase and receive the same volume of Exchange Product in equal parts
for delivery during the term of the Transaction; and, (B) where ERAC is the
Seller, Counterparty shall sell and deliver to ERAC and ERAC shall purchase
and receive a quantity of WTI at Cushing equal to the volume submitted by
the Counterparty via the Website for delivery during the term of the
Transaction, and ERAC shall sell and deliver to Counterparty and
Counterparty shall purchase and receive the same volume of Exchange Product
in equal parts for delivery during the term of the Transaction. The price
for WTI shall be the midpoint of the daily first line quotations for
(WTI/(MONTH) under the heading "U.S. $/Bbl" in the Crude Price Assessments
section of Platt's Oilgram Price Report for the issue of publication on the
date of the Transaction ("Index Price"). The price for Exchange Product
shall equal (i) the Index Price, plus (ii) the Adjusted Price. The Bid Price
represents the Adjusted Price for Exchange Product under Section A above.
The Offer Price represents the Adjusted Price for Exchange Product under
Section B above.

Term of the Product:
The term of the Transaction shall be from the Effective Date to the
Termination Date. The Effective Date is {DATE}. The Termination Date is
{DATE}.

Location of the Example Product:
The delivery of Alaskan North Slope ("Exchange Product") shall be at Long
Beach, California.

Currency:
The price is quoted in US Dollars per unit of volume, which will be the
Contractual Currency.

UOM:
The unit of measure in which the price is quoted is in Barrels per day and
the quantity shown shall be in Barrels per day.

==============================================================================
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STEPS FOR APPROVAL:

click the START button
select PROGRAMS
select TEST APPLICATIONS
select ENRONONLINE CLUSTER(PROD)
PROCEED WITH USUAL LOGIN/PASSWORD
click the Enron Online Production Cluster "START" button
select EnronOnLine (this is the EOL Datamanager)
PROCEED WITH EOL LOGIN/PASSWORD
click on the "+" for EnronOnLine
click on the "+" for Product Types
click on the "+" for "Awaiting Approval" (OR "Partially Approved")
select the product requiring review as stated in e-mail above
Right "mouse" click on "properties" to view product set-up
TO APPROVE: Right mouse click on "Approved"