Enron Mail

From:j..farmer@enron.com
To:ed.mcmichael@enron.com
Subject:Tenaska IV Agency Agreement
Cc:a..martin@enron.com, michael.olsen@enron.com, garrick.hill@enron.com
Bcc:a..martin@enron.com, michael.olsen@enron.com, garrick.hill@enron.com
Date:Fri, 11 Jan 2002 13:12:34 -0800 (PST)

Ed,=20

ENA has acted as agent for Tenaska IV , a generation facility in Cleburne, =
Texas, in which , Enron has ownership interest. Our role was to manage the=
fuel requirements for the plant. This includes scheduling, invoicing, and=
settling the natural gas supplies and transportation. In addition to the =
daily activity, ENA has the responsibility to sale any excess fuel from the=
baseload supplies and purchase an additional fuel needs. Any profits/loss=
es are passed on to Tenaska IV. ENA is just paid a monthly fee for the ser=
vice. Rick Hill is my contact person for the project. He is looking into f=
inding another party to handle this fuel management responsibility. If he =
can't find a party willing to do this under similar terms, we will need to =
find some one with the Enron estate to handle this. The problem with Enron=
continuing in the role is the inability to transact in the gas market (no =
customers willing to trade with us). So, the project is losing value. Ple=
ase give me a call when you get a chance. Or, maybe we can meet sometime n=
ext week to go over this. My schedule is pretty flexible.

Daren
3-6905