hotlist upstream products update confidential dear louise congratulations baby boy hope delivery painful please upset since wanted share birthday happy belated 32 anyhow business needless say lot happened email tardy apologize somehow think time occupied well following happened john nowlan dragging feet payment 1 25 origination due upstream products formosa transaction cc email response mr goodpasture assertion ecf need grant origination storage contract negotiated behalf chris hilgert mike bilberry goodpasture believes appropriately recognized thru prc process addition seems think incorrectly overall value transaction worth 50 million perhaps show p l conference call redmond hart resolve bilberry title issue feel delainey dietrich trying shut ecs within upstream products get resources dedicated price compression deals need close based lack capacity well prioritization queue bottom told janet negotiate coops munis regulatory affiliates generation site profile pricing intuition tells greg sharp behind directive influencing janet perspective v p hpl greg sharp compression group report led mark courtney also ees aside disappointed bureaucracy entire process tried flexible time build third party compression business understand significant resource pricing issues need human capital dedicated getting deals done internally compression business pure retail pure wholesale believe commercial group could provide significant p l given appropriate resources meeting john lavorato today discuss issues monday presented corporate culture committee report highlighted eoy 2000 prc statistics globally represented enron michelle cash hissy access information cindy olson step approve access fact attached presentation given meeting picked copies shredded please careful file meeting michelle cash human relations aware legal ramifications prc management research business unit addition met billy lemmons going set two small focus groups 10 employees comprised associates analysts rated least strong 2000 prc process would like target general management meritocracy issues get verbal feedback would like present findings corporate culture committee june 6 attached hotlist file also executive sheet sheet represents residual origination positions last year responsibility addition hotlist file business unit sheet p l represented p l combines accrual well mkt mkt margin number different management report since file represents accrual margin flashes entire quarter representing actualized p l thru april know would like represent bhlp making following recommendation ytd 2001 forecast 000 10 829 ytd 2001 plan 000 13 490 assumes 56 million ebitda bhlp ebit variance 2 661 addition could represent quarterly representation well issues also meeting lavorato get var wellhead desk raised 100 k 1 million trying represent p l hotlist realized inaccurate e ats warrants value incorrectly well issues think fairly clean started scrubbing bhlp p l storage monetization structure getting interesting turns ets northern took significant earnings bottom line monetizing base gas want us meet ferc regarding structure biggest concern customer list regulatory wanted ferc advise us steffes idea however find skadden arps wrote northern opinion letter indemnifying potential regulatory risk sorry book best regards mrha