Kinder/Morgan PRM Structure ,
 The meeting Don and I had with Kinder/Morgan to discuss his Price Risk 
Management Product went really well.  We met with Park Schaper (CFO), Anthony 
Lannie (President of Power Group) and Jay Hopper (VP and General Manager) was 
on the phone from Denver.  They were very interested with regards to 
potentially replacing long term tolling agreements with this product.  Enron 
could provide a five year toll and the product would begin in the sixth year 
through year 15 or 20.  
 We talked very little about their existing projects; Little Rock and 
Michigan.  They do have all the permits for the Little Rock site and are 
moving forward with the Michigan site and still do not have any tolling 
agreements in place for those projects. 
 The ball is currently in their court and were going to get back with Scot 
with respects to the projects and with Tom on the PRM Product.  Please let me 
know if you have any questions with this matter.  Thanks!
Ben
scott.healy@enron.com, mike.miller@enron.com