NGI's Daily Gas Price Index published : September 26, 2001 Kern River Shippers to See Rate Decrease Oct. 1, More in 2002 Finally, some good news: a unit of Williams said Tuesday that firm transportation rates will drop by as much as 36.5% for all original shippers on its Kern River natural gas transmission system beginning Monday (Oct. 1). The lower rates will be implemented under Kern River's previously approved extended-term rate program. Williams, which developed a strategy to lower rates in response to customer requests as part of its rate-reduction settlement in 1999, projects more rate reductions next May, when the costs and revenues of the 2002 expansion are reflected in rates. "The extended-term rate program was designed to provide long-term, firm shippers with an option to pay lower, more market-responsive rates today in return for extending their contract terms," said Kirk Morgan, director of business development. Bruce Warner, manager of rates and planning for Tulsa-based Williams, said the company had looked at its "financial situation and found that if customers could live with longer contracts, we could live with lower rates. The lower rates will be offset by lower depreciation expenses and will not negatively impact Kern River's financial performance." Williams' gas pipeline unit is one of the largest-volume transporters of natural gas in the United States. Its gas pipeline unit's Kern River Gas Transmission, based in Salt Lake City, operates a 922-mile system delivering Rocky Mountain and Canadian natural gas to markets in California, Nevada and Utah.
Answer: NGI Article: Kern River Shippers to See Rate Decrease Oct. 1, More in 2002
Here is an email: OPEN ENROLLMENT REMINDER Today, November 12 is the last day to make elections for the first round of Open Enrollment 2002. Confirmation statements will be mailed the week of November 19. November 26 - 30 the system will reopen for changes. Final Confirmation Statements will be mailed the week of December 21. You can enroll by going to www.benefits.enron.com from work or from home www.synhrgy.com or you can call 800.332.7979.
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A: Open Enrollment Reminder
Q: COLUMBIA GAS TRANSMISSION CORPORATION NOTICE TO ALL INTERESTED PARTIES OCTOBER 18, 2001 Notice ID: 3193 5 - NO RESPONSE REQUIRED NOTE: The following is being provided by Columbia as notice to all of its shippers of potential outages or reductions in available capacity in the identified portions of the system due to construction activities, routine maintenance, modifications, tests or repairs undertaken to protect the integrity and performance capability of its storage and transmission facilities. The information provided below is subject to change for numerous reasons, including but not limited to, third-party controlled events and decisions, weather, work schedules, equipment availability, force majeure events, etc. Thus, while Columbia is willing to provide this notice and update it periodically as necessary, Columbia is unable to represent and warrant that the specific activities will occur, or that they will occur on or near the specified dates. SUBJECT: LINE SM-123 Columbia anticipates that between October 25th and October 27th, Line SM-123 will be taken out of service due to long-wall mining activity. Columbia estimates the line to be out of service for twenty-one (21) days. The start date and duration of the outage is contingent upon the actual timing and progress of the long-wall mining activity. Given the level of firm commitments in this area, Columbia believes that there will be no available capacity for interruptible transportation. The following receipt points will be affected: Equitable Gas: Beaver Creek (H1) Hi Hat (F3) CNR Pipeline: Boldman (CNR02) Conoway (CNR03) Johns Creek (CNR08) Canada (CNR09) Canada (CNR10) Stafford (CNR11) Thacker/Majestic (CNR12) Briar Mtn. (CNR13) Huff Creek (CNR14) Conoco: Grant (P1) The same is true with respect to any Appalachian production flowing directly into Columbia's Line KA between Columbia's Boldman Compressor Station and Columbia's Huff Creek Compressor Station as well as production flowing into Columbia's Lines SM-116, KA-15, PM-3 and PM-17. If you have any questions, feel free to contact your Customer Services Team.
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A: LINE SM-123
IN: This is a very good, easily digestible summary of the FERC order. Alan Zaremberg, CEO of the Chamber and located in Sacramento, asked if we had a summary that we could provide him. Zaremberg is convinced that no one in California understands what FERC did and wanted to try to educate them. If we sanitize it to remove anything sensitive, are folks comfortable providing it to Zaremberg? Thanks. Best,

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OUT: FERC summary
IN: This is an email
BEEP stack is the supply curve for real-time energy that the ISO develops on the basis of bids and offers. The problem is that the plants the ISO ultimately dispatches from the stack often conflict with the merit order developed from the bids/offers, and the ISO has never been clear about the decision metrics it uses to determine ultimate dispatch. Everyone, including Belden, thinks it can and ought to be a helluvalot more transparent.

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OUT: The ISO's "BEEP" stack
ENE: Adjust Historical EPS As Per Restatements; Lower 4Q & 2002 Ests. * We adjust Enron's historical EPS for the restatements filed in their 8K published on November 8th. * We revise our stand-alone 2002 EPS estimates to $1.50 from $2.15. We think this could prove conservative, but await further data on Enron's ongoing performance in their energy trading & marketing business. * Enron is currently trading at a relatively large 20% discount to their implied merger value of $12.40. We think this spread could contract as certainty improves over accounting issues, stand-alone earnings power, and the scope of hurdles to merger completion. <<ENE EPS adjustments 11-14-01.pdf>> <<ENE EPS adjustments 11-14-01.doc>>
Answer:
ENE: Adjust Historical EPS As Per Restatements; Lower 4Q & 2002 Ests.