Re: PG&E Due Diligence Effort

Steve, I won't be there, but I did leave Shari a voice mail concerning the
PGT Transaction we just completed. The firm PGT capacity is ours through
Nov. 1, 2008. The remaining term is being released to Calpine. The Capacity
Release was just posted and should be completed by Jan 31, 2001. I don't
have a copy of the contract, but Stephanie Miller could provide that if
needed. It is a standard FTS-1tariff form. This transport also backs the
Canadian Producer Net Back deals. Peter Keohane would be the one to talk to
about these producer deals and their relation to the PGT Capacity.

Steve Van Hooser
01/09/2001 01:12 PM

To: Gerald Nemec, Dan Hyvl
cc: Shari Stack
Subject: PG&E Due Diligence Effort

Gerald,
PGT
Can you go? You have the most current understanding of the PGT capacity, its
current rights and obligations. I have a meeting at 3:30 that I could cut
short. What's your view.

Dan,
PG&E Texas (Valero)
Do you think that all the PG&E Texas transport is relevant to this Bankruptcy
Due Diligence issue since those assets should now be owned by El Paso?
Understanding what our rights are or are not as to prior periods imbalances
would be an interesting bankruptcy law exam given that ENA's been operating
under an "unexecuted" header/transport contract with PG&E Texas for the past
2 to 3 years.

Steve

----- Forwarded by Steve Van Hooser/HOU/ECT on 01/09/2001 01:05 PM -----

Kaye Ellis
01/09/2001 11:50 AM

To: Steve Van Hooser/HOU/ECT@ECT, Gerald Nemec/HOU/ECT@ECT, Alan
Aronowitz/HOU/ECT@ECT, Wayne Gresham/HOU/ECT@ECT, Mary Cook/HOU/ECT@ECT, Dan
J Hyvl/HOU/ECT@ECT, Nony Flores/HOU/ECT@ECT, sstack@enron.com@ECT, Travis
McCullough/HOU/ECT@ECT
cc: pradfor@enron.com, Joya Williams/HOU/ECT@ECT, Jenny Helton/HOU/ECT@ect,
Becky Spencer/HOU/ECT@ECT, Legal Temp 2/HOU/ECT@ECT
Subject: PG&E Due Diligence Effort

Per Shari Stack's previous email, the PG&E Due Diligence Effort meeting will
be held today at 4 pm in our new team meeting room - EB3872.

Please let me know if any of you have a conflict with this time.

Kaye
ext. 3-5968