Mark- Sorry for the delay in getting this to you...I've been struggling to find some more concrete information to rest an analysis on, but until we see Transco's supplemental testimony and the Commission Staff's "top sheets", it's very hard to predict where the case will come out. Following, however, are some known variables that will effect the outcome of Transco's proposed increase: Rate of Return on Equity Transco filed for a 15.05% equity return (compared with the 12.4% recently affirmed by the FERC in the RP97-71 docket). Transco based their filed number on a restructured "proxy group", which was revised by their witness to include Kinder Morgan, ElPaso Energy Partners, and Northern Border Partners (these were added to ElPaso, Enron and Williams). Adding these entities has the effect of raising the high end of the range of DCF returns from 14.56& to 17.52% The effect of the 260 basis point increase to return on equity amounts to $61million, or approx. 27% of the requested increase. Protests on this issue were filed chiefly by the New York PSC and PSE&G. The NYPSC Protested mainly the change in the structure of the proxy group, citing the fact that the new entities added by Transco's witness are owned in substantial part by existing members of the proxy group. The NYPSC asked for an expedited hearing on the development of a new proxy group--FERC declined to establish an expedited hearing but did set this issue for the hearing to be conducted before Judge Harfield.
Q: What is a potential subject line for this email?
answer: Transco Rate Case
=09 =09 Dear Randy, I'm Washington Bureau Chief Peter Cook filling in = for Jay Rickerts. In Washington, we'll continue to examine the major ener= gy issues expected to arise during the New Year. We'll take a look at what= Congress will do with comprehensive energy and electricity legislation. O= ur Washington bureau will also follow the FERC and its push for regional tr= ansmission organizations and wholesale competition. These are some of the= issues we'll look at as 2002 begins. On Wednesday, energy consultant and= former Assistant Secretary of Energy during the Clinton Administration Rob= ert Gee will join us in the Washington bureau. He'll give us his take on t= he U.S. relationship with OPEC and we'll get his assessment on the start of= retail competition in Texas. Gee will join us during the noon ET newscast= on Wednesday. The big switch is coming to Houston - On Wednesday we'll b= ring you a report on deregulation starting in Texas on January 1. The Hous= ton bureau will have details on how the power grid reacted to the switch, a= nd get an update from retail electricity providers. Also from Houston, = John S. Herold, Inc. CEO Arthur Smith says upcoming earnings releases may h= old some unwanted surprises. He'll join us from Houston on Wednesday to dis= cuss his company's research report and what we can look forward to in 2002.= Catch these reports from the Houston bureau on Wednesday. Closing P= rices for Monday, Dec. 31, 2001 Crude: $19.84/bbl -$0.57 Unleaded: $0.= 5725/gallon -$0.0157 Heating Oil: $0.5507/gallon -$0.0158 Gas: $2.570/m= mBtu -$0.204 Scheduling Note: We're dark on New Year's Day. We'll see yo= u Wednesday at 9:00 a.m. ET. Thanks for making this a great first year at = EnergyNewsLive - Have a Happy New Year! Keep in mind things are subject= to change at a moment's notice. Occasionally guests have to reschedule or = change time slots. We'll continue to do our best to keep you updated on fu= ture interviews and events. Be sure to watch our newscasts every busine= ss day - 9 a.m. to 5 p.m. ET, at the top of each hour. =09 =09=09=09=09 =09=09=09=09=09=09 =09 =09 =09Peter Cook, EnergyNewsLive.com Washington Bureau Chief View today's= Energy Wrap Video Windows Media Player: 56K | 100K | 300K Real Player: = 56K | 100K | 300K (Requires Windows Media Player or Real Player ) Expe= rience all that Williams Energy News Live has to offer! If you are receiv= ing this letter for the first time and wish to continue, subscribe now T= o stop receiving this letter, unsubscribe now If you are having trouble = receiving this e-mail, please let us know or call (800) WILLIAMS (800-945=
Q: What is a potential subject line for this email?
answer: Williams Energy News Live -- today's video newscast
Guys, I spoke with Mark this morning. He is very supportive of the structure and idea. I had indicated that he would continue to run the producer services business in the West but would also be part of the overall team as we plot out strategy in the West. He wants to stay in Denver which I think we should be able to accomodate as long as his group stays integrated into the overall team. I had indicated that we would consolidate market making into Houston and Paul Lucci could decide if he wants to continue trading or not - if so he needs to move to Houston. Phillip/Barry, go ahead and start working with Mark as you develop your plans going forward. I will be speaking to Stephanie Miller this week and will give the green light with her shortly. Regards
Q: What is a potential subject line for this email?
answer: Denver
A heads up - The Forward Obligation report for 3/28 will show Short Term Northwest with a 50 MWh short position off-peak at NP-15. This is due to an option that Sean and Diana decided not to exercise. Thought that might clear up at least one of the many discrepancies we may find on that report..... Kate
Q: What is a potential subject line for this email?
answer:
Forward Ob explained variance 3/28