Sale of the Point Comfort 12" Pipeline

----- Forwarded by Gerald Nemec/HOU/ECT on 10/25/2000 01:01 PM -----

Candace L Bywaters
10/23/2000 08:50 AM

To: Ann Elizabeth White/HOU/ECT@ECT, Molly L Carriere/HOU/ECT@ECT, Robert
Rose/NA/Enron@ENRON
cc: Gerald Nemec/HOU/ECT@ECT
Subject: Sale of the Point Comfort 12" Pipeline

I sm preparing to open up a bidding activity for the subject Pipeline which
is approximately four miles of 12" pipe under account # 3224. The nbv is
$18,901.

I have dusted off my list of salvage bidders and under separate cover will
publish these seeking additions or deletions from any of you who care to
contribute. ;I am assuming that this pipe is not viably operating and would
appreciate any information in this regard if I am incorrect.

As for now, I would like a sample Purchase and Sale Agreement and a
Confidentiality Agreement that I may use with my solicitations. This would
include some type of alignment sheet depicting the pipe and its legal
description, etc. You are all seasoned in knowing what level of data I need
at this stage of the offer.

I already have at least one interested party in this and would like to move
forward as soon as possible to get this on the table for bids. I would
appreciate receiving the necessary materials by October 31, or information of
how I can contribute to this activity. Also, please let me know if there is
someone else I should copy on this.

Thank you in advance for your assistance in this endeavor.