QUESTION: Just a 'heads up' - there is now no doubt that there will need to be some major revisions to the index language. I am meeting with some of the folks from the confirm desks this afternoon to get them started on a further review. Can you please arrange to have the following people given access to the Product Manager: Jeff Sorenson Dale Neuner Bob Bowen Lynn Shivers Kevin Sweeney
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ANS: Online Indexes

QUESTION: I have a favor to ask. Would you mind asking your team to email or phone me when they make a location change on a deal in sitara. We had a case yesterday where a deal was originally entered at one location for the deal and for the hedge. The point was incorrect and a person in logistics corrected it. The problem occurs in that sitara looks to verify the locations are the same on the deal and the hedge and if they are, it will then value the deal in the trader's book at mid. If the locations are different, it will value the deal at the customer price. This could potentially have a large impact on the trader's P&L. It does not seem pertinent to have your guys changing swap locations in addition to changing deal locations due to time constraints. We will be more than happy to make the changes, and we should also be able to catch these problems in the first place when we calc our books. I would greatly appreciate your groups help in cutting some of these issues off at the pass. If you have any questions or concerns, please feel free to give me a shout. Thanks. PL
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ANS: changing deal locations

QUESTION: We have the following Transco transport for June Contract .7537 (does not include any AGL space) Vol Comment 5000 3-6 Con Ed space released month to month thru 10/31/2000 15000 3-6 Con Ed space 4/1 - 10/31 10000 3-6 Con Ed space 5/3 - 9/30 20000 tele - 6 Bug space 5/1 - 10/31 10000 tele - 6 Bug space 6/1 - 9/30 10000 tele - 6 Lilco space 6/1 - 9/30 Contract 3.4367 10000 Leidy to Pseg Pseg space 5/1 - 10/31 Other stuff 20000 of 6-1 I think. 6500 of 6-6 from PSEG. Open for bids until 2:00pm on 4/26/2000 2174 of 2-3. this is on k#.7537
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ANS:
Trco for June