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