QUESTION: April 8, 2001, 10:45PM Learn the ins and outs of filing after mid-April deadline By GARY KLOTT Tribune Media For the many millions of individuals who have yet to file their 2000 income tax returns, there is no reason to panic. If you need more time to file your return, you can easily get a filing extension. And if you can't afford to pay your tax bill now, you can buy more time to pay up. While you may be subject to interest and penalties for payments made after April 16, you can put off the day of reckoning for months without fear that IRS collection agents will come after you. There is even a loophole in the law that will enable many individuals to get an extra month to pay up without being assessed interest or penalties. Nevertheless, April 16 is a critical deadline for anyone who has yet to file his tax returns. You'll need to file either your tax return or an extension request by the deadline. And to avoid interest and penalties, you'll generally need to pay any taxes owed by April 16. April 16 is also the deadline for making IRA contributions for 2000 returns and for making the first installment of quarterly estimated taxes for 2001. Filing extension: If you'd like more time to file your return, getting a filing extension is simple. In fact, the IRS has expanded the options this year for obtaining a filing extension. You can now do it by phone, computer or mail.
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ANS: Income Tax - Information

QUESTION: We should change all settlements at Socal to NGI Southern Border, Socal from Southern California Border average. This new index excludes KRS fixed priced trades. Please let the brokers know about the changes to Socal basis going forward. Please change basis and gd swing swaps (fp and index) in EOL. Also, Frank and Matt should set up basis and a gd swap (fp and index) for southern border, PG&E. This will be the index for PG&E Topock. This index will be effective for April 2001. I will have the physical product out there as soon as possible. Let me know when they have been changed. Mike
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ANS: Changes to Financial settlements for CA

QUESTION: Hi Lindy. Sorry I've not yet set up the meeting on imbalances...I feel I am still lacking focus so thought I'd run this by you for your comments before inviting people. First of all, I believe the general topics we wanted to address were: - imbalance netting & trading - mandatory use of Park N Ride service for out of balance operators - hourly determination of imbalances Is this correct? Next, the list of attendees: you, me, Darrell, Richard Hanagriff, Sheila Nacey (or someone else she designates). Anyone else? As far as timing, I am very flexible, so let me know what works for you, and I'll get it set up.
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imbalance meeting