I wanted to let  you know I am currently negotiating two Master Gas  Agreements with TransCanada for the two entities listed above.
As previously  discussed, credit suggests increasing  TransCanada Pipelines Ltd.'s  guaranty  to $50MM and decreasing Enron's to the same amount.
Have you discussed  TransCanada's guaranty?
Is $50MM large enough to cover your agreement?
Veronica Espinoza(66002) in credit is working with me on guaranty issues.
Finally, did you receive copies of Enron's and TransCanads's guaranty?
If   not, let me know I will fax same.
Their guaranty expires the end of this  month.
Regards,

TransCanada Energy Marketing USA / TransCanada Gas Services, Inc.