Message-ID: <29204390.1075856608129.JavaMail.evans@thyme> Date: Wed, 25 Oct 2000 07:36:00 -0700 (PDT) From: john.goodpasture@enron.com To: vince.kaminski@enron.com Subject: Cc: zimin.lu@enron.com, margaret.carson@enron.com, robert.hill@enron.com, gaye.schaffart@enron.com, dave.neubauer@enron.com, mike.mcgowan@enron.com, gaye.schaffart@enron.com, sarabeth.smith@enron.com, yuan.tian@enron.com, sebastian.corbacho@enron.com, michael.ratner@enron.com, danny.mccarty@enron.com Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit Bcc: zimin.lu@enron.com, margaret.carson@enron.com, robert.hill@enron.com, gaye.schaffart@enron.com, dave.neubauer@enron.com, mike.mcgowan@enron.com, gaye.schaffart@enron.com, sarabeth.smith@enron.com, yuan.tian@enron.com, sebastian.corbacho@enron.com, michael.ratner@enron.com, danny.mccarty@enron.com X-From: John Goodpasture X-To: Vince J Kaminski X-cc: Zimin Lu, Margaret Carson, Robert Hill, Gaye Lynn Schaffart, Dave Neubauer, Mike McGowan, Gaye Lynn Schaffart, Sarabeth Smith, Yuan Tian, Sebastian Corbacho, Michael Ratner, Danny McCarty X-bcc: X-Folder: \Vincent_Kaminski_Jun2001_5\Notes Folders\Gpg X-Origin: Kaminski-V X-FileName: vkamins.nsf Vince, LIBERTY GAS STORAGE PROJECT - We appreciated the insight from Zimin Lu on the Liberty Gas Storage project. I had originally thought that Enron could negotiate a deal directly with HNG Storage Co. on the joint development of these facilities. However, HNGS has now retained Wasserstein Pirella to "market" the opportunity. [FYI - Wasserstein was the Investment Banker that handled the recent sale of the Market Hub Partners storage facilities, so they certainly would have a current list of interested parties.] Unfortuneately, we will now have to participate in another "auction" if we are to pursue this further. I'll let you know what we decide to do. ALASKA / NORTHERN CANADA PIPELINE - I would like to discuss ways that Enron might enhance our prospect of participating in the initiative to bring substantial new gas reserves from Alaska and northern Canada to the lower 48. A large equity investment in a very expensive, regulated pipeline is not likely to get much support within Enron. Instead, our competitive advantage may best be realized through the efficient and creative utilization of the existing US pipeline grid, ("backhaul" on Northern Natural, expansion opportunities on Northern Border and NNG, or even capacity exchanges with other pipeline operators). I think it would be very useful if we had the capability to model the impact of the evolving North American marketplace on that initiative, and vice versa. Any insight we could develop on who will be the eventual "winners" and "losers" if / when that large volume of new gas enters the market would be valuable. I will look forward to our discussion tomorrow (Thursday) at 1:30 PM. Regards, JNG