Message-ID: <1442613.1075859167341.JavaMail.evans@thyme> Date: Tue, 27 Nov 2001 14:38:15 -0800 (PST) From: stephanie.miller@enron.com To: gerald.nemec@enron.com Subject: FW: Malin Retructuring with CNR Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit X-From: Miller, Stephanie X-To: Nemec, Gerald X-cc: X-bcc: X-Folder: \Gerald_Nemec_Jan2002\Nemec, Gerald\Inbox X-Origin: Nemec-G X-FileName: gnemec (Non-Privileged).pst -----Original Message----- From: Heal, Kevin Sent: Tuesday, November 27, 2001 4:33 PM To: Sangwine, Howard; Johnston, Greg; Olinger, Kimberly S.; Miller, Stephanie; Le Dain, Eric; Sullivan, Patti; Langfeldt, Andrea; Prior, Liz; Hedstrom, Peggy; Seib, Dianne; Gillis, Brian Subject: Malin Retructuring with CNR Here are the details of the CNR restructuring that is happening effective Dec 1/01. This should reduce the amount of credit Enron has been asked to post with both PGT-NW and TCPL. TAGG ET3738 - 15,000 mmbtu at Malin ENA releases to CNR PGT capacity Kingsgate to Malin 15,000 mmbtu Dec01-Oct02 at full tolls EC assigns to CNR TCPL-BC capacity ABC to Kingsgate 16,222 GJ Dec01-Oct02 EC assigns to CNR Nova ABC capacity 437.7 e3m3 Dec01-Oct02 EC purch from CNR of 15,000 mmbtu term Dec 01-Oct08: Del Pt changes from NIT to Malin price changes so EC does not collect Nova, TCPL-BC or PGE-NW toll; EC still pays to CNR 25% of PGE-NW and TCPL-BC tolls EC does not collect fuel. i.e. Fuel NIT goes to zero EC sale to ENA of 15,000 mmbtu term Dec 01- Oct 08: Del Pt changes from Kingsgate to Malin price changes so ENA does not collect PGE-NW toll EC does not supply PGE-NW fuel CNR appoints EC as nomination agent on PGE-NW and TCPL-BC CNR assigns West Gate shrinkage rights to EC EC and ENA own renewal rights. CNRL does not. TAGG E99896 - 10,000 mmbtu at Malin ENA releases to CNR PGT capacity Kingsgate to Malin 10,000 mmbtu Dec01-Oct03 at full tolls EC assigns to CNR TCPL-BC capacity ABC to Kingsgate 10,815 GJ Dec01-Oct03 EC does not assign Nova EC purch from CNR of 10,000 mmbtu term Dec 01-Oct 03: Del Pt changes from NIT to Malin price changes so EC does not collect TCPL-BC or PGE-NW toll; still collect Nova toll EC does not collect fuel. i.e. Fuel NIT goes to zero EC sale to ENA of 10,000 mmbtu term Dec 01-Oct 03: Del Pt changes from Kingsgate to Malin price changes so ENA does not collect PGE-NW toll EC does not supply PGE-NW fuel CNR appoints EC as nomination agent on PGE-NW and TCPL-BC Howard Sangwine and Greg Johnson are preparing confirmation amendments that should reflect the above terms. Any questions give me a call. Kevin Heal Enron Canada Corp. 403 974-6727