Message-ID: <9349024.1075843953900.JavaMail.evans@thyme>
Date: Fri, 18 May 2001 07:42:00 -0700 (PDT)
From: larry.lawyer@enron.com
To: mike.mcconnell@enron.com, jeffrey.shankman@enron.com
Subject: Project Timber
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The project name was changed at the request of Corporate Development as they 
are concerned about discovery and a project name which could imply Enron 
stuffed EOTT.  The following is a current overview we are using to update the 
different disciplines involved with the transaction to date.  Our 
calculations continue to show a net $100MM benefit to EGM with 2Q $62MM due 
to Enron's current 38% economic ownership of EOTT.  No new updates to 
fastrack a sale of the GP.  

Regards,

-Larry-