I read Wednesday's NGPL order (RP00-18-002) as applying only to NGPL due to their unique restrictions and tariff rules. I do not read it as forcing the rest of the industry (i.e., us) to use the floor rate as the reserve price for negotiated index rate bids and ordinary recourse rate bids. I think we can still determine the reserve price on a prearranged deal like the ENA deal based on our good faith valuation of the upside provided by the index mechanism. I.e., on that type of deal, we can determine that the index mechanism is worth "x cents" to us and require a discounted recourse rate bidder to bid more than the floor plus x cents to win. Agreed? Note that NGPL whined that the unique rules they are subject to place them at a competitve disadvantage to the rest of the industry (i.e., us) on this issue. The commission didn't say anything about that, implying to me that the rest of us are still free to do what NGPL cannot do. DF
Answer: ENA Deal
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A: commitment of traders 2/1
Q: Joe, EnronOnline is essentially the internet distribution channel for our gas and power business. Rather, my focus on the legacy channel is an attempt to increase the probability that more originators can complete transactions and generate deal flow. As well, to reduce the conflict between the trading and origination organizations in order to keep us spending more time in the market than focused on internal issues. As far as specifics, you will have to wait and see. Thanks
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A: Follow-up to ENA Orientation
IN: Guys, this is the real deal - we need to be ahead of this!!! How are we making out on acquiring brownfield sites and formulating a strategy? Regards

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OUT: Dow Jones Gas vs. Coal feature
IN: This is an email
Hi. Sorry for the delay. Today's big FERC hearing has had me wrapped up. Please read the following and keep VERY confidential---it's an internal PG&E

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OUT: New OII
Sheri, Robyn Menear is my new assistant on the FT-Central book. I'd like to have her set up to use EOL stack manager, product manager, and transact on the website. I believe she already has a login ID for the website, but I don't know about the others. In addition, her trades (stack manager customer trades, and her own website trades) need to go into my book (FT-Central). If you need me to do anything else in order for this to happen, let me know. Thanks,
Answer:
Robyn Menear setup