Message-ID: <14144119.1075852173880.JavaMail.evans@thyme> Date: Fri, 14 Sep 2001 15:08:04 -0700 (PDT) From: stephen.dowd@enron.com To: danny.mccarty@enron.com Subject: Cc: eric.gadd@enron.com Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit Bcc: eric.gadd@enron.com X-From: Dowd, Stephen X-To: McCarty, Danny X-cc: Gadd, Eric X-bcc: X-Folder: \DMCCARTY (Non-Privileged)\McCarty, Danny\Inbox\WEEKLY BULLETS X-Origin: MCCARTY-D X-FileName: DMCCARTY (Non-Privileged).pst Project Alta Model complete; analysis ongoing (Gabe) Preliminary analysis indicates that ETS values Alta at a discount to the market. Focus on transmission assets/division. Incorporated NNG feedback on operating results Further scrub on proforma due Tuesday Identifying contact points to approach and begin conversations Project Tornado Valuation underway (David/Martin/Mike R) CMS Valuation to commence next week (Gabe) Southern Trails Cash flow analysis underway (Mike G) Coordinating with Alta strategy Calypso + Bahamas LNG Equity ownership and operator role in LNG/pipleline project Met with EGM-LNG on 20 Aug. Will begin to attend project meetings. Project descriptive materials expected 9/12 from EGM-LNG - did not arrive Reviewing Calypso application to FERC Bridgeline Holdings, LP (JV between ENA and Texaco) Possible purchase/assumption of ENA interest in LA intrastate pipeline system Met with Don Miller (ENA Asset Sales) on 22 Aug. No current action; need to develop strategy Trans Pecos No action TW to deliver letter forcing Pemex action by end September MLPs Reviewing benefits/economics of MLP structures Industry Analysis Compiling pipeline industry comparable information (David) Will provide baseline valuation data Stephen Dowd Enron Transportation Services 713-345-7219 (office) 713-858-8867 (mobile)