We've recently discovered a new method to purchase gas from the Houston Navigator terminal. What is important for this ECS deal is that we intend to have a long-term price fixed at a specific Denver Index and that a gas flow agreement will be in place between these two counterparties which will enable us to flow supply to ECS as long as we can agree on the pricing and terms in that long-term contract. We have already received a copy of that confirmation. In the next few weeks, we will draft a GISB to cover the transactions and will forward it to you. We will also supply you with copies of our confirmation. When all parties have agreed on a contract and ECS has paid the reservation fee (as I understand it, this is approximately $3,500) the GISB will be forwarded for execution. We will need to complete a master agreement for those customers that wish to enter into interruptible deals. This form of master is the first one I sent to you. If you have any questions, please don't hesitate to contact me. I can be reached at 713-853-3512 and will be on vacation the remainder of this week. Thanks. ---------------------- Forwarded by Jeffery Fawcett/ET&S/Enron on 07/27/2000 02:49 PM --------------------------- To: Jeffery Fawcett/ET&S/Enron@ENRON cc: TK Lohman/ET&S/Enron@ENRON, Julia White/ET&S/Enron@ENRON, Michelle Lokay/ET&S/Enron@Enron, Audrey Robertson/ET&S/Enron@ENRON, Lorraine Lindberg/ET&S/Enron@ENRON, TK Lohman/ET&S/Enron@ENRON, Michelle Lokay/ET&S/Enron@Enron (bcc: Jeffery Fawcett/ET&S/Enron) Subject: TW Compression Services The following payback was done today for TW Compression Services deals: 12/99 - $51,982.53 for Phillips Production 10/99 - $73,507.26 for Phillips Production Netback: 12/99 - $38,518.14 10/99 - $59,211.68 Gross: 12/99 - $73,507.26 10/99 - $73,507.26 Note: I changed the 10/99 payback to a gross and net. Previously it was posted as a net only. The net back to ENA was posted to TP2 on TCO because the transport was not available. TK said to increase the payback on the 9/99 deal from $4,960 to $9,240. Audrey, please try to tie down these 3 deals to post February accruals, if possible. Thanks. Let me know if you have questions. DG ---------------------- Forwarded by Darrell Gilstrap/ET&S/Enron on 07/27/2000 01:35 PM --------------------------- Jeffery Fawcett 07/27/2000 12:36 PM To: TK Lohman/ET&S/Enron@ENRON, Darrell Gilstrap/ET&S/Enron@ENRON, Julia White/ET&S/Enron@ENRON cc: Subject: TW Compression Services ---------------------- Forwarded by Jeffery Fawcett/ET&S/Enron on 07/27/2000 12:36 PM --------------------------- Jeffery Fawcett 07/27/2000 12:33 PM To: TK Lohman/ET&S/Enron@ENRON cc: Linda Trevino/ET&S/Enron@ENRON, Julia White/ET&S/Enron@ENRON, Michelle Lokay/ET&S/Enron@Enron, Audrey Robertson/ET&S/Enron@ENRON, Lorraine Lindberg/ET&S/Enron@ENRON Subject: TW Compression Services Steve Van Hooser had scheduled the TW Compression Payback for today, but with TW's loss of receivables, the TW Compression Payback number changes. So, I need to update you on this. Two deals were done on TW Compression Services for Sep-00 and one for Oct-00. These are Phillips Production Services deals and there is no actual income from them yet, so Steve will pay them back to TW. Steve will let us know the exact amount later this afternoon. TW will then pay Phillips and they will be in the hole. I'm working with Michelle, Audrey, Lorraine and Julia on these deals. They will probably not be done until Thursday. If you have any other questions or concerns, please let me know. Thanks.