IN: This is an email
Hi. Sorry for the delay. Today's big FERC hearing has had me wrapped up. Please read the following and keep VERY confidential---it's an internal PG&E

What is the subject?

OUT: New OII

IN: This is an email
Please note the attached Weather Risk Management Newsletter, market update as of 11/07/01. If you have any questions or concerns, please contact Yvette Simpson at ext. 3-9595 or myself at ext. 3-5879. Thanks,

What is the subject?

OUT: Weather Risk Management Newsletter - 11.07.01

IN: This is an email
The memo attached summarizes a structured deal that the market has shown some interest. Essentially, this deal allows an LDC to defer payment for gas and avoid carrying costs (which may result in a dollar for dollar benefit to your customer's bottom line). We have done two of these deals to date. ENA has interest in additional deals (albeit not an infinite appetite) if the structure allows us to move them off the balance sheet. Please review the memo and target any of your customers that may have an interest. Each deal will require a new quote from credit and from the cost of funds group. Gas structuring is set up to structure these deals and develop them through to execution. Please call me with any questions at x36751

What is the subject?

OUT:
Structure for Storage Loans / Deferred Payment Deals