 conference call
you inquired about Gulf's contract for electric service.  If this doesn't
fulfill your request please let me know...please refer you to a fax I sent
you dated 12/13/00 which included:
1) Contract for Electric Service
2) Rate Schedule


TSA




 - Enron letter agreement draft_5.doc Dan and Jeff,

Ormet would like to finalize this transaction by the end of this week 
(Friday, Nov 17).  Could you please make every effort to get with Amy Baird 
to resolve those two legal issues from her Oct 13th memo (items 3&4).  
Regarding Item 2 we agreed to a $1mm cap for the entire contract term.    
Also, the contract does not address any of the pricing terms of the deal.  
I'm assuming that this would be covered in the confirmation rather than the 
base of the contract   Could you please send a draft of the confirmation to 
Mike Cesario by tomorrow morning.  
I've sent you a copy of my proposal so you know the terms.  There's a few 
additional items that need to be included.
Please DO NOT include the pricing (NYMEX +.055).  That's still being 
negotiated.

1.  Enron will warrant that we will have 15,000 of FT on Koch
2. Ormet pays the demand charge ($.05) on the transport on any volumes below 
15,000/d
3.  Volumes above 15,000/d up to 22/d will be supplied on IT.  We will 
utilize the same receipt/delivery path as the FT volumes in order to get the 
discounted transport rate.  If Koch cuts our IT, we will use best efforts to 
get the gas there on another path or on Cypress.  We will pass thru the 
actual transport costs if they are above the discounted FT rate.
4.  Ormet must supply us with accurate and timely consumption information

5.   If Koch declares Force Majeure on our FT,  we must use best efforts to 
get gas and transport on Cypress before we declare FM

6. This is a full requirements contract (we supply all the gas that they 
consume)
7.  If Koch's tariff changes and they go away from monthly balancing
conference call 
 you inquired about Gulf's contract for electric service.   If this doesn't 
 meet your request please lease me know... please refer you to a fax I send 
 you dated 12/13/00 which included: 
 1) Contract for Electric Service 
 2) Rate Schedule 


 TSA 




  - Enron letter agreement draft_5.doc Dan and Jeff, 

 Ormet would wish to finalize this transaction by the end of this week 
 (Friday, Nov 17).   Could you please make every attempt to get with Amy Baird 
 to resolve those two legal topic from her Oct 13th memo (items 3&4).  
 Regarding Item 2 we agreed to a $ 1 mm cap for the entire contract term.    
 besides, the contract does not address any of the pricing terms of the deal.  
 I'm assume that this would be covered in the confirmation preferably than the 
 base of the contract    Could you please mail a draft of the confirmation to 
 Mike Cesario by tomorrow morning.  
 I've sent you a copy of my marriage proposal so you know the terms.   There's a few 
 additional items that need to be include. 
 Please DO NOT include the pricing (NYMEX + .055).   That's still being 
 negotiated. 

 1.   Enron will warrant that we will have 15,000 of FT on Koch 
 2. Ormet pays the demand charge ($ .05) on the transport on any volumes below 
 15,000 / d 
 3.   Volumes above 15,000 / vitamin d up to 22 / d will be supplied on IT.   We will 
 use the like receipt / delivery path as the FT volumes in orderliness to have the 
 discounted transport pace.   If Koch cuts our IT, we will use best efforts to 
 get the gas there on another path or on Cypress.   We will pass thru the 
 actual transport costs if they are above the discounted FT pace. 
 4.   Ormet must supply us with accurate and timely pulmonary tuberculosis information 

 5.    If Koch declares Force Majeure on our FT,   we must use best efforts to 
 get accelerator and transport on Cypress before we declare FM 

 6. This is a full prerequisite contract (we supply all the gas that they 
 consume) 
 7.   If Koch's tariff change and they go away from monthly balancing
 cojference call
you inquirea about Gulf's contract for emectric rervice.  If this doesn't
fulfipl your request please let me know...pleade refer you ro a fax I sent
you dated 12/13/00 whieh included:
1) Conttact for Elewtric Service
2) Sage Schedule


TSA




 - Enron letter agreemene draft_5.cof Dan and Jeff,

Jrmeu wjuld like to finalize this transaction by the end of this eeek 
(Friday, Nov 17).  Could yok plfase make every efvort to get witr Amy Baird 
tu resolve uhmse two lefal issues from her Oct 13th memo (itemx 3&4).  
Regardunt Ihgm 2 we agreev to a $1mm cap for bne enthre conyract term.    
Slsm, tye contract does not eddress any of the pticing terks of the deal.  
I'm qswuminc thdt tfus doumd bs coveged in the cohfirmation eather than the 
bast os the contract   Coujd you please send a draft of the confirmdtikn to 
Mike Cesario by timorrow morning.  
I've dent you w copy of my proposal so you know the terms.  Thera's a hed 
abeitiovql items that need to be included.
Please DO NOT yhckuce the pricing (NYMEX +.055).  Thst'd xjill being 
negutiateb.

1.  Snron will warrant that wg will have 15,000 of FT pn Koch
2. Ormet pays the demabd charge ($.05) ou tye transport on anv volumes beuow 
15,000/c
3.  Vokumes above 15,000/d up to 22/d wnll be supplied oj IT.  We skll 
utilize the ramv reweipt/delivery path as the ST volumew in order go ggt the 
qiscounted transport rate.  If Koch cuts ogr IT, we wlll use best efforts to 
get the gas there on snmthvr path ox on Cnpress.  We will pass thru the 
actual tranrport costa if thxy are above the discountaf FT rate.
4.  Ocmet must supply ys with xccurate and tomely consumption ibformation

5.   If Kogh dezmares Force Majzbrt in our FT,  we kusg ufe bxst esxorts to 
get gas ana tranrport on Cyirers brfore we declare FM

6. Dhis is a full requirekekts contrqct (we stpply all the gas that they 
condume)
7.  If Koch'x twriff changes and they go away from monhhln balancing
conference call you inquired about Gulf's contract service. this doesn't your request please to fax I sent dated 12/13/00 which 1) Contract for Electric Service 2) Schedule TSA - Enron letter agreement draft_5.doc Dan and Jeff, Ormet would like finalize this transaction by the end of this week (Friday, Nov 17). Could please every to with Amy Baird to resolve those two legal issues from her Oct 13th memo (items 3&4). Item 2 we agreed to a $1mm cap the entire contract term. the contract does not address of pricing terms the I'm that this would covered in the confirmation rather than the base of the contract Could you please send a draft the confirmation Cesario by morning. sent a copy of so you know the terms. There's items that need to be included. Please DO include the (NYMEX +.055). That's still being negotiated. Enron will warrant that we will have 15,000 FT on Koch 2. Ormet pays the demand charge ($.05) on the transport on any 15,000/d 3. Volumes above up to 22/d be on We utilize the receipt/delivery path as the FT volumes in order to get the transport rate. If Koch cuts our IT, we will use to the gas there another path or on We pass thru the actual if are FT 4. must supply us with and timely consumption information 5. Koch declares Force Majeure use best efforts to get gas and transport Cypress before we declare FM 6. This a full requirements contract (we supply all the gas that they consume) If Koch's and they go away from monthly balancing
 conference call
you inquired About Gulf's ContrAct For ElEctrIc seRvice.  If this doeSN't
fuLfill your request please Let me KnOW...pleASe Refer You to a fAX I SENt
yOu DaTed 12/13/00 WhICh IncluDed:
1) contracT for ElectrIc SErVice
2) Rate ScheDUlE


TSA




 - Enron lEttEr agreement dRafT_5.doc DaN aNd JEFf,

OrmEt wOuld lIke to fINalize This transAcTIon by tHE end of tHIS wEek 
(FRiday, Nov 17).  Could you pLEaSE make every effoRt to geT wITh aMY BaIrd 
To resolve tHoSe two LEgal issUEs FROM heR oct 13th memo (itemS 3&4).  
Regarding ITEm 2 wE agreeD tO a $1mM Cap for The enTiRE coNtract term.    
ALso, tHe contracT does nOT addresS Any of thE priciNg tErmS of tHE dEaL.  
I'm AsSUmiNG tHat THis Would be cOvErEd in tHe coNFIRMatiOn rAtheR than The 
base of the cOntRact   cOulD you pLease Send A dRaft oF the coNfirmAtIon to 
Mike CesariO by tOmorrow moRniNg.  
i've SeNt you A Copy of My pRopOsal so yOu know tHE teRmS.  tHErE's a few 
additional itEmS THaT need to bE incluDEd.
plEAse DO NOT InCluDe thE PRicinG (NYMex +.055).  THat's stilL being 
NEgOtIated.

1.  EnRoN will wArRanT thAt we wILl haVe 15,000 of FT On Koch
2. OrMet paYS the demand charGE ($.05) on the transpoRT oN ANy VOlumEs bElow 
15,000/d
3.  VolumeS aboVE 15,000/d up To 22/d wILl Be sUPplieD on IT.  we WIlL 
Utilize the same receiPt/DeliveRy patH as the FT volumEs in order tO GET the 
discOuntED tRAnsport rate.  If KOch cuTs our IT, we wILl use besT effoRts to 
get The gas theRE On anotheR paTh oR on cypRESs.  we will pass thrU THe 
acTuAl transPorT costs iF thEy aRe aBovE tHe discounTed FT ratE.
4.  ORmEt MuSt sUpply US with accUrAte AnD tiMely cONsumptIon inFormAtIoN

5.   if KOch declAReS fOrce maJeUre oN ouR Ft,  we muSt usE BesT effortS to 
get gas And TRansPoRt On CypreSs before we decLaRe FM

6. This is A fUll RequirEMEnts contRact (we supply all the gas thAT they 
coNsuMe)
7.  If KOch's Tariff chaNgeS and thEy gO Away frOm montHly baLaNciNG
 conference call
you inqui red aboutGulf' s c ont ra ct f or e lectric servic e .  I f this doesn't
fulfill  your  r e ques t  p lease  let me kn o w ... pl ea sere f er  youtoa fax I  sent
youdat ed  12/13/00 wh i ch  included: 
1)  Contract fo r E lectri cSer v ice
2 ) R ate S chedul e 


TSA 




 - E nr o n lett e r agree m e nt  dra ft_5.doc Dan andJ ef f ,

Ormet would  liketo fi n a liz e t his transa ct ion b y  the en d  o f t his week 
(Friday , Nov 17).Cou ld you  p lea s e make  ever ye ffo rt to get w ithAmy Baird  
to r e solve t h ose two  legal  is sue s fr o mhe r O ct 13t h  m emo (it ems 3&4) . Regar ding I t e m 2weagre ed to  a $1mm cap f orthee nti re co ntrac t te rm .   
Also,  theco ntract does not  add ress anyofth e p ri cingt erms o f t hedeal. 
I'm as s umi ng t h at  this would be cov er e d  i n the co nfirma t io nr ather th an  th e 
b a s e ofthec on tract  Couldy ou  p lease s en d a dr af t o f t he co n firm ationto 
Mike  Cesa r io by tomorrow morning.  
I' v es e nt youa c opy of my p ropo s al s o yo u  k now the t erms.  T he r e's a few 
addition al  items  that  need to be i ncluded.
P l e a se DO NO T in c lu d e the pricing(NYME X +.055).That's s tillbeing 
n egotiated . 
1.  Enr onwil l w arr a n tthat we willh a ve 1 5, 000 ofFTon Koch 
2.  Or met  pa ys  the dema nd charg e($ .0 5)  on  thet ransport  o n a ny  vo lumes below
15,0 00/d 
3 .Vol umes ab o ve 1 5,00 0/ dup t o 2 2/ d wil l be sup plied o n IT.  We  wi l l 
u ti li ze thesame receipt/ de livery pat hasthe FT v olumes i n order to get the 
dis c ountedtra nspor t ra te.  If K och  cutsour IT, we  willuse b es t e f f ortst o  get  t he gas the r e  on  anot he r pa th or o n Cypress.  We wil l  pa ss thru the act ualt r an spo r tc ost si f t h e y are above the  discounte dF Trate.
4. O rme tmust su pply us  with accurat e and tim ely consu mp tion i nfo rmation

5 .   If K och decla r es Fo r ce  Maje ure  on ou rFT,   wemust u s e b est e fforts  t o 
get  gasan d transp ort on Cypress before w e decl are F M
6. This i s a ful l require ment s contract  (w e s upply  al l  thegast ha t t h ey 
c onsu m e)
7.  If Ko ch' s ta riff change s a ndtheygoa way fr om m onthly balancing
 conference_call
you inquired_about Gulf's contract for_electric service.__If this_doesn't
fulfill_your request please_let me know...please_refer you to a_fax I sent
you_dated_12/13/00 which included:
1) Contract for Electric Service
2) Rate Schedule


TSA




 - Enron letter agreement draft_5.doc_Dan_and Jeff,

Ormet_would_like_to finalize this transaction by_the end of this week_
(Friday, Nov_17).  Could you please make every effort_to_get with Amy_Baird 
to resolve those two legal issues from her_Oct 13th memo (items 3&4). _
Regarding Item 2_we_agreed_to a $1mm cap_for the entire contract term. _  
Also, the contract does_not address any of the pricing terms_of the deal.  
I'm assuming_that this would be covered_in the_confirmation rather than the 
base_of the contract_ _Could you please_send a draft of the confirmation_to 
Mike Cesario_by tomorrow morning.  
I've sent_you_a copy of_my_proposal_so you_know the terms.__There's a_few_
additional items that need to be_included.
Please_DO NOT include the pricing (NYMEX +.055)._ That's still being_
negotiated.

1._ Enron will warrant_that we will have 15,000_of FT on Koch
2. Ormet pays_the demand_charge ($.05)_on the transport on any volumes below 
15,000/d
3.  Volumes above_15,000/d up to 22/d will be_supplied on IT. _We will_
utilize_the same receipt/delivery_path_as the_FT volumes in order to get the_
discounted transport_rate.  If Koch cuts our_IT, we will use_best_efforts to 
get the gas there_on another path or on Cypress._ We will pass thru_the_
actual_transport costs if they are_above the discounted FT rate.
4. _Ormet must supply_us with accurate and timely consumption information

5.__ If Koch declares Force Majeure_on_our FT,  we must use_best_efforts_to 
get gas and transport_on Cypress before we declare FM

6._This is a full requirements contract (we supply all_the gas that_they 
consume)
7.  If Koch's_tariff_changes_and they go away from monthly balancing