Message-ID: <15729920.1075842399102.JavaMail.evans@thyme> Date: Fri, 22 Dec 2000 05:57:00 -0800 (PST) From: debra.perlingiere@enron.com To: russell.diamond@enron.com, veronica.espinoza@enron.com Subject: Gas Agreement - CPS and ENA Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit X-From: Debra Perlingiere X-To: Russell Diamond, Veronica Espinoza X-cc: X-bcc: X-Folder: \Debra_Perlingiere_Dec2000_June2001_2\Notes Folders\Sent X-Origin: PERLINGIERE-D X-FileName: dperlin.nsf Please see below. Debra Perlingiere Enron North America Corp. Legal Department 1400 Smith Street, EB 3885 Houston, Texas 77002 dperlin@enron.com Phone 713-853-7658 Fax 713-646-3490 ----- Forwarded by Debra Perlingiere/HOU/ECT on 12/22/2000 01:56 PM ----- Bob Bowen 12/22/2000 12:25 PM To: Debra Perlingiere/HOU/ECT@ECT cc: Subject: Gas Agreement - CPS and ENA Please run this group by the credit group then, if possible, send them the master firm and spot agrements. Thanks. ---------------------- Forwarded by Bob Bowen/HOU/ECT on 12/22/2000 12:25 PM --------------------------- "McGilloway, Vangie" on 12/22/2000 10:58:35 AM To: "Bob Bowen (E-mail)" cc: Subject: Gas Agreement - CPS and ENA Good Morning Bob and Happy Holidays to you - Hope things are going well with you and Enron North America ("ENA"). Earlier this week, I assumed a new role at Constellation Power Source, Inc., which will give the opportunity to "reconnect" with many of the contract administration and legal professionals I worked with during my years at MEGA. I look forward to working with you once again. In light of the upcoming addition to our wholesale energy business, this email confirms our request to establish a gas purchase and sale agreement between your organization and Constellation Power Source, Inc.("CPS"). According to our business structure, our affiliate company in Houston, TX, Constellation Energy Source, Inc.("CES"), was previously handling all of the wholesale natural gas business on behalf of our organization. It is expected that CES will cease operations by April '01 and the wholesale gas trading activity will be conducted through our newly formed Gas Desk located within the CPS' offices in Baltimore, MD. I have already contacted CES in an attempt to gather contracts and determine whether an assignment or the termination and reissuing of a new agreement between us would be the most feasible mean to proceed with our gas trading activity in a timely fashion. ENA has been identified by our Gas Desk as one of the potential counterparties for gas trading in the year 2001. CPS will initiate gas trading as early as January 29th, 2001. Considering this, I am looking forward to receiving a copy of your master agreement for our review and consideration. Such can be forwarded to me via email at the earliest convenience. I thank you in advance for your assistance and prompt response to our request and look forward to working with you in the near future. Do not hesitate to contact me if there are any further inquiries to this request. I will make a note to follow up with you during the first week of January '01. Regards, Vangie McGilloway Manager, Contracts Constellation Power Source, Inc. 111 Market Place Ste 500 Baltimore, MD 21202-4035 Phone 410-468-3798 Fax 410-468-3499 email vangie.mcgilloway@powersrc.com