Enron Mail

From:jane.tholt@enron.com
To:lmiller1@pnm.com
Subject:Term Proposal
Cc:
Bcc:
Date:Mon, 5 Mar 2001 01:21:00 -0800 (PST)

Enron North America is interested in selling natural gas to PNM Gas Services
on a firm basis under the following terms and conditions:


Term: April 1, 2001- March 31, 2002

Contract Price: I.F. El Paso San Juan Basin less $.09

Firm Daily Quantitiy: 10000 mmbtu/day


Delivery Point(s): Delivered to PNMGS at the tailgate of the Williams Field
Serives Ignacio Plant into Transwestern at Ignacio Plant;at the TW Blanco Hub
; at WFS Kutz Plant into PNMGS; Milagro Plant into Blanco Hub; or any other
mutually agreeable pointsinto PNMGS.

Special Conditions:

ENA will selelct, nominate, and deliver the firm daily quantity at any of the
Delivery Point(s). ENA will notify PNM no later than 3:30 p.m. M.T. one day
prior to gas flow day (Cycle 2) of the selected Delivery Point(s).