Proposal to Caithness Big Sandy ,
 Attached for your review and comment is a broad outline of a rate proposal to 
Caithness for the construction and operation of the 40-mile lateral to the 
Big Sandy project.  This non-binding proposal was requested by Caithness' 
consultant, George Briden, as a starting point for modeling the economics of 
the project's gas supply and a basis for further discussions aimed at 
designing an appropriate deal structure.  For your information, James 
Centilli calculated the transport rate based on the (+/- 30%) $20.33MM cost 
estimate with a ten-year (contract) amortization.  

I plan to put this in the mail by the close of business tomorrow.  If you 
have any suggestions, please let me hear from you by mid-day.   Thanks.
drew.fossum@enron.com, steven.harris@enron.com, kevin.hyatt@enron.com