Message-ID: <877934.1075852083592.JavaMail.evans@thyme> Date: Fri, 14 Sep 2001 08:09:27 -0700 (PDT) From: tyrell.harrison@enron.com To: mark.whitt@enron.com, barry.tycholiz@enron.com Subject: RE: Crestone Restructure Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit X-From: Harrison, Tyrell X-To: Whitt, Mark , Tycholiz, Barry X-cc: X-bcc: X-Folder: \BTYCHOL (Non-Privileged)\Tycholiz, Barry\Inbox X-Origin: TYCHOLIZ-B X-FileName: BTYCHOL (Non-Privileged).pst Don Baldridge indicated that they would prefer to front-load the re-priced swap, with a higher price next year and a market-based price for '03-'05 and no lump sum payout this year. This structure probably works better for us also due to the increased focus on funds flows. I also have John Disturnal (ENA Canada) pricing up an at the money swaption for '03-'05, which might be an attractive hedge for Crestone. Don is going to run some traps on his end and get back to me this afternoon. T -----Original Message----- From: Whitt, Mark Sent: Friday, September 14, 2001 7:45 AM To: Tycholiz, Barry Cc: Harrison, Tyrell Subject: RE: Crestone Restructure Tyrell was to follow up with Crestone yesterday. I do not know where they stand but I know we have been working on structures and they need to do something before the end of the quarter. Tyrell, can you give us an update? -----Original Message----- From: Tycholiz, Barry Sent: Friday, September 14, 2001 7:17 AM To: Whitt, Mark Subject: Crestone Restructure Mark, Good Morning. Any updates on Crestone structure ( re-price of deal), also, Paul discussed the Northern Border deal with potentially the producers underpinning... pls keep me posted on status. BT