Message-ID: <29875504.1075860884056.JavaMail.evans@thyme> Date: Wed, 12 Sep 2001 10:00:43 -0700 (PDT) From: paul.cherry@enron.com To: kevin.hyatt@enron.com Subject: Sun Devil Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit X-From: Cherry, Paul X-To: Hyatt, Kevin X-cc: X-bcc: X-Folder: \Kevin_Hyatt_Mar2002\Hyatt, Kevin\Projects\Sun Devil X-Origin: Hyatt-K X-FileName: khyatt (Non-Privileged).pst Kevin, The following is a recap of the interested parties for the Sun Devil project. BP Amoco - We hold a guaranty from BP Amoco for the benefit of BP Energy. Cook Inlet - We will need updated financial information in order to perform our analysis. Coral Energy - We hold a guaranty from Coral Energy L.P. for the benefit of Coral Energy Resources that would have to be increased to cover the project. Duke - Three of their entities have investment grade ratings from S&P, Energy, Energy Field Services, and Energy Trading. If another entity is used for Sun Devil we would need to obtain a guaranty. Dynegy - We present have a guaranty from Dynegy for the benefit of Gas Transportaton and Marketing and Trade. Energy Development Group/NNMEC - Unable to locate any information. Panda Energy - We will need financial information on Panda Gila River L.P. and possibly request a guaranty from a TECO entity. PG&E National Energy Group - They have an investment grade rating of BBB. Public Service of NM - They have an investment grade rating of BBB-. Salt River Project - They have an investment grade rating of AA. Western Gas Resources - We would need to review updated financial information. If you have any questions, please advise. Regards.