Here is a Master draft for Nicor. I trust you will forward to your customer? Let me know if you need anything else for Nicor.
Answer: NICOR ENERCHANGE
Eric, We need to get the physical gas delivery issue resolved. TW is scheduled to deliver to ECS which was contracted with ENA for a fixed price for each of the stations ( [Bisti & Bloomfield or Kachina] and Gallup ). The total volume for Dec.01 according to TW and my best determination at this time is 342,560 MMBtu which ENA has not scheduled reportedly because they do not have a counter-party that will transact. This gas volume and the resulting cash flow into ECS Compression Co. LLC is a large portion of the monthly cash flow required to fund the billing expenses. Gallup Sta. - 81,605 mmbtu's (Annual Charge Conversion) appears to be a $2.35/mmbtu price for this year 25,521 mmbtu's (Compression Service Charge) appears to be a $2.44/mmbtu price for the term 107,126 mmbtu's for the month with a resulting $2.37144/mmbtu blended price Bloomfield - 110,240 mmbtu's (Compression Service Charge for Oct. power billed in Nov. 01) Bisti - 125,194 mmbtu's (Compression Service Charge for Oct. power billed in Nov. 01) 342,560 mmbtu's for the month of Dec. to ECS I'm not 100% sure of the pricing on these transactions but possibly with your information and Gerald Nemec's input we can determine and confirm. TK Lohman at TW called with a buyer for the Dec. 01 ECS gas. Scott Walker w/ Richardson Products 817 810 9385 frequently buys TW's operational gas that is sold intra month. The most direct method of handling the gas is to have ENA sell the gas & the proceeds directly flow back to ECS (if that is possible). ECS doesn't want the gas sale to roll into the ENA bankruptcy process. Otherwise ENA would need to assign ECS the ability to sell the gas directly but ECS would then need to execute a TW Pooling Agreement (or something) and there may be issues with ECS marketing gas directly. Let me know what blanks you can fill in. mk
Answer: TW - Physical Gas Delivery for Dec.01
Attached is a table containing estimates of levelized rates for the Sun Devil project for several combinations of equity capitalization and capital recovery periods. Other assumptions underlying the rate calculations are also shown. If you have any questions or need any additional studies please advise.
Answer: Levelized Sun Devil Rates
FYI: Got a call from a colleague who told me that Loretta Lynch and Rod Wright, among others, spoke at yesterday's annual meeting of regulation lawyers. The following sums up what was very briefly relayed to me about Pres. Lynch's and Rod Wright's remarks: President Lynch said that 1) de-regulation was founded on ideology, not facts; 2) she wants to completely re-organize the PUC, top to bottom (in her image? Amen); 3) she frowns on lobbying---"If you come knocking on my door,
Answer:
Comments by Lynch and Wright and Annual Reg Lawyers' Meeting