Message-ID: <26549324.1075844947825.JavaMail.evans@thyme> Date: Fri, 3 Mar 2000 05:45:00 -0800 (PST) From: dwight.larson@enron.com To: robert.hill@enron.com, janet.place@enron.com, eva.neufeld@enron.com, paul.miller@enron.com, joe.richards@enron.com, john.oveson@enron.com, john.goodpasture@enron.com, michael.ratner@enron.com, ann.ballard@enron.com, philip.crowley@enron.com, candace.kyle@enron.com, susan.fernandez@enron.com, william.kendrick@enron.com, david.sinclair@enron.com, dolores.lenfest@enron.com, tara.rafter@enron.com, lou.potempa@enron.com, timothy.detmering@enron.com Subject: Project Pacific Update Cc: stanley.horton@enron.com, j.metts@enron.com, larry.deroin@enron.com, dana.gibbs@enron.com Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit Bcc: stanley.horton@enron.com, j.metts@enron.com, larry.deroin@enron.com, dana.gibbs@enron.com X-From: Dwight Larson X-To: Robert Hill, Janet Place, Eva Neufeld, Paul Miller, Joe Richards, John Oveson, John Goodpasture, Michael Ratner, Ann Ballard, Philip Crowley, Candace Kyle, Susan Fernandez, William Kendrick, David Sinclair, Dolores Lenfest, Tara Rafter, Lou Potempa, Timothy J Detmering X-cc: Stanley Horton, J Mark Metts, Larry DeRoin, Dana R Gibbs X-bcc: X-Folder: \Stanley_Horton_1\Notes Folders\Discussion threads X-Origin: HORTON-S X-FileName: shorton.nsf This project was presented to Stan Horton, NBP and EOT this morning and we received the go ahead by Stan to submit a non-binding offer in on Monday. The major change that occurred was that EOTT, not NBP, will submit the offer. Basically two reasons account for this change; 1) NBP expressed concerns about this new business and their limited knowledge related to the commercial and environmental issues and 2) when petrochemicals was pulled out the size of the deal became managable to EOTT's balance sheet. We will now be in the process of marking our changes to the purchase and sale agreement with plans to submit it and our indication of value on Monday. If the offer we submit is acceptable , we will enter into the next phase (along with at least one other buyer) and should be provided the information needed to finalize our bid and contract by March 15. I'm hoping that we have access to the information we have been requesting. As we enter into this next phase and given EOTT's new role ( as a Buyer versus providing commercial support), I'm expecting that personnel from EOTT will be involved in their areas of expertise and will be requesting your assistances in coming up to speed in a hurry. I know that Northern Border has appreciated the effort put in to date and I know I have. I hope we pass the next hurdle and get asked in next week . I just wanted to keep you informed and express my appreciation for your efforts. dwight