Message-ID: <689142.1075844935246.JavaMail.evans@thyme> Date: Wed, 8 Mar 2000 10:04:00 -0800 (PST) From: john.goodpasture@enron.com To: bill.cordes@enron.com, rod.hayslett@enron.com, drew.fossum@enron.com, dave.neubauer@enron.com, rockey.storie@enron.com, mary.miller@enron.com, kent.miller@enron.com, lou.potempa@enron.com, dwight.larson@enron.com, michael.moran@enron.com, sarabeth.smith@enron.com, michael.ratner@enron.com, brian.redmond@enron.com, timothy.detmering@enron.com Subject: Status - Project EWE II Cc: stanley.horton@enron.com, cindy.stark@enron.com, kathy.campos@enron.com Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit Bcc: stanley.horton@enron.com, cindy.stark@enron.com, kathy.campos@enron.com X-From: John Goodpasture X-To: Bill Cordes, Rod Hayslett, Drew Fossum, Dave Neubauer, Rockey Storie, Mary Kay Miller, Kent Miller, Lou Potempa, Dwight Larson, Michael Moran, Sarabeth Smith, Michael Ratner, Brian Redmond, Timothy J Detmering X-cc: Stanley Horton, Cindy Stark, Kathy Campos X-bcc: X-Folder: \Stanley_Horton_1\Notes Folders\All documents X-Origin: HORTON-S X-FileName: shorton.nsf The information books should be in everyone's hands by about 8:30 Thursday morning. Let me know if you have any trouble getting your copy. Michael Ratner is now building a baseline economic model for each of the four (4) assets using data presented in the information memoranda. Once the model works, we will be able to modify the data to run various cases for various asset combinations. We need to identify all synergies and any other areas of special consideration that could impact our valuation (i.e. does ownership of Minnegasco provide any strategic opportunities, any value in the AC line access to northeast pipelines, etc.) You should soon receive another smaller packet from Merrill Lynch describing two different deal structures for our consideration - one is a "prepaid lease" arrangement, the other a "leveraged partnership". I am trying to set up a meeting with Robert Eichenroht to discuss PUHCA issues and how this deal would be impacted if we were to include either the Arkla LDC or Minnegasco package. Non-binding EOI's are due next Wednesday and time is short. Bill Cordes will be in Houston next Tuesday and we have tentatively scheduled a group meeting for 8:00 AM. [Location not yet confirmed, but we will try for a video conf. room so Omaha can participate.] Please mark your calendars. JNG