Mark, for your information in approving this product, I was the one who 
drafted the "Enron Daily Index" language, so obviously I am okay with the 
description.  If you need anything from me, let me know.

Thanks
Greg
---------------------- Forwarded by Greg Johnston/CAL/ECT on 03/06/2001 08:03 
AM ---------------------------
From: Melba Lozano on 03/05/2001 06:51 PM CST
To: Tom Moran/HOU/ECT@ECT, Jeff Blumenthal/HOU/ECT, Bjorn 
Hagelmann/HOU/ECT@ECT, Mark Taylor/HOU/ECT@ECT
cc: Robert B Cass/HOU/ECT@ECT, Kevin Meredith/Corp/Enron@ENRON, Chris 
Walker/HOU/ECT@ECT, Torrey Moorer/HOU/ECT@ECT, Lisa Lees/HOU/ECT@ECT, 
Stephanie Sever/HOU/ECT@ECT, Bob Bowen/HOU/ECT@ECT, Larry Joe 
Hunter/HOU/ECT@ECT, Dianne Seib/CAL/ECT@ECT, Greg Johnston/CAL/ECT@ECT, 
Michael Cowan/CAL/ECT@ECT 
Subject: Internal CANADA GAS Product Approval NEEDED- URGENT

Your review and approval of the following product type in the EOL Datamanager 
is needed (for directions on approval , please see steps for approval at the 
bottom of this e-mail). If you have any questions please call me at ext. 
58986.  

Please do not approve product types in Datamanager between 7:30 - 10:00 am.

Trader: Mike Cowan

GTC 

GTC Disclaimer

This product is not intended for transaction by non-Enron companies.

All submissions made by non-Enron companies to buy or sell this product, 
whether or not processed by the EnronOnline system, shall be treated as void 
and of no effect.

New Product Type: CAN Gas Fin Swap (INTERNAL ONLY)
EXAMPLE:

CAN Gas Swap     EOL AECO Daily          Prompt Month    CAD/GJ



A Canadian gas financial Swap Transaction with Enron Canada Corp., under 
which the Seller pays a Floating Price and the Buyer pays the price submitted 
by Counterparty on the Website (the Fixed Price) in  each case in respect of 
the Notional Quantity per Determination Period.  Each calendar month during 
the term of the Transaction will be a Determination Period. The Notional 
Quantity per Determination Period is the volume submitted multiplied by the 
number of days in  the relevant Determination Period. The Payment Date(s) 
will be 5 business days after the Floating Price is determinable. The 
Floating Price shall be the average of the Index for each day in the relevant 
Determination Period.
The term of the Transaction shall correspond to the date(s) set forth in the 
Product description on the Website.
The Index for a month shall be the "Enron Daily Index", where: "Enron Daily 
Index" means the weighted average price in Canadian dollars per GJ as 
published for such day at the end of such day (normally being 4:05 p.m. 
(MPT)) on EnronOnline (or for Saturdays, Sundays and statutory holidays, at 
the end of the day on the preceding business day) in the table "EnronOnline 
Cash Physical External Gas Trades (for Canadian Gas)", in the column 
"Weighted Average Price (CAD/GJ)" reported for the applicable day. If a 
statutory holiday falls on a Monday or a Friday, the Enron Daily Index for 
such day shall be the Enron Daily Index for the weekend occurring closest to 
such day.  If a statutory holiday falls on a Tuesday, Wednesday or Thursday, 
the Enron Daily Index for such day shall be the Enron Daily Index for the 
previous business day.
The price is quoted in Canadian Dollars per unit of volume, which will be the 
Contractual Currency.
The unit of measure against which the price is quoted shall be gigajoules and 
the quantity shown shall be in GJs per day.

==============================================================================
=====

STEPS FOR APPROVAL:

click the  START button 
select  PROGRAMS
select  TEST APPLICATIONS
select ENRONONLINE CLUSTER(PROD)
 PROCEED WITH USUAL LOGIN/PASSWORD 
click the Enron Online Production Cluster "START" button  
select EnronOnLine (this is the EOL Datamanager)
 PROCEED WITH EOL LOGIN/PASSWORD
click on the "+" for EnronOnLine
click on the "+" for Product Types
click on the "+" for "Awaiting Approval" (OR  "Partially Approved")
select the product requiring review as stated in e-mail above
Right "mouse" click on "properties" to view product set-up 
TO APPROVE:  Right mouse click on "Approved"
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