IN: Some questions in advance of the 42nd floor meeting on the 16th: Do you expect the current crisis in California will result in an "overbuilt" situation for the pipelines serving California, similar to 1993-94? It seems like everyone has an expansion proposal. Do you expect the situation in India to be resolved to our satisfaction? What is your projection for year-end stock price?

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OUT: QUESTIONS
IN: This is an email
You are invited to attend an informational brown-bag regarding FERC's June 19th Order. (order attached) Alan Comnes and Steve Hall will be on-hand in the Mt. Hood Conference Room to give an overview of the order and answer any questions you might have. The session will begin promptly at noon. For those of you not in the Portland Office, I will be happy to arrange a conference call number, if you decide to participate. Please advise your participation by 3:00pm Monday, June 25th.

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OUT: Informational Brown-Bag, Tuesday, June 26th - Mt. Hood
QUESTION: Attached is the latest draft of the Transport Option Program filing. After our discussion last week I made a couple of significant changes from the last draft. One is that we're no longer stating that the option fee is going to be "market-based." Instead I have tried to portray the option fee as a built-in feature of the transport rate, which is simply being disaggregated into a separate option fee. The other significant change is that I've structured the tariff language and the agreement so that every shipper, regardless of whether they currently use transport on TW, will have to have a firm transportation agreement when they buy an option. In other words, a shipper that does not currently have a service agreement will simply execute an agreement with a MAXDTQ of zero. If you don't think I've explained this clearly enough, let me know. I'm meeting informally with the Commercial Group next week to discuss 1) some examples of options to make sure the tariff provisions and contract work from a logistical standpoint, 2) the bidding process, and how bids for options will be evaluated, and 3) further comments received from shippers. I'll circulate our ideas on bidding and awarding options, and any other new ideas or questions. As I've discussed with some of you, our shippers are asking to see the filing in its entirety before we file it, and would like to have a roundtable meeting prior to filing to discuss their concerns. I realize there is some concern about showing them our filing. What if we just show them our final tariff language and form agreement, and offer to host a meeting to discuss their questions? Let me know what you think. Our target filing date will depend on whether we have a customer meeting first, and when FERC staff is available to talk.
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ANS: Transport Options on TW
I anticipate that Enron may have some legal issues in New York similar to the issues Enron has faced in California. Can you recommend a top notch trial lawyer (similar to yourself) at any firms in New York? Thanks.
Q: What is a potential subject line for this email?
answer: Trial Lawyer
Mark and Paul: Have either of you ever reviewed clearinghouse rules with respect to clearing members for the exhanges on which we trade (in an effort to analyze our risk with respect to our brokers)? If the answer is yes, could I have copies of any memoranda? Please let me hear from you or whomever may have reviewed this issue. Thank you. Sara
Answer: global futures exchanges
Q: In order to ensure our Network resources are available for critical business purposes, IPTV will be unavailable until further notice. We will be sending out another email when IPTV becomes available. Thank you for your support and understanding.
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A:
IPTV