Q: Dear Potential Gas Supplier As some of you may know our authority to buy gas off our existing spot agreement will come to an end on December 31, 2001. While we will honor current commitments for gas to be delivered after that date, but we will not be able to use the spot agreement to buy any more gas. The reason that this is happening is that our City Attorney has interpreted the new City Charter as not allowing delegations of authority such as employed in the way we buy gas now. We are seeking approval for an ordinance which must be approved by the City Council that will restore our former ability to buy gas with the kind of agreement most gas suppliers are familiar. We have the ordinance approved by the City Attorney and it will shortly be in the pipeline for approval by our Board and the City Council, but until then, this contract is a stop gap to keep us operating. I've attached the new contract and a cover letter which explains what we are doing. The deadline is November 8, 2001 at 4:00 PM. We will take the executed contracts to our Board with the counterparties listed on a Board Resolution and, if it is approved, we will be allowed to buy gas from this group after the new year begins. This is not the ideal contract but one we feel our Board will be comfortable with until we can get around the Charter problem. I can't make any changes to this contract. There is a notice published in the LA Times about the availability of the contract but I am sending it to you directly as someone we have already done business with (and undoubtedly have satisfied all our boilerplate requirements) and will probably be interested in what we are trying to do here. I Hope most of you will respond. Thanks (See attached file: Spot Gas Cover Letter.doc)(See attached file: New Spot Gas Contract.doc) - Spot Gas Cover Letter.doc - New Spot Gas Contract.doc
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A: LADWP Gas Contract

Q: Transwestern's average deliveries to California were 1017 MMBtu/d (93%), with San Juan lateral throughput at 882 MMBtu/d. Total East deliveries averaged 510 MMBtu/d. El Paso's average deliveries to California were 1961 MMBtu/d (76%): - PG&ETop, capacity of 1140 MMBtu/d, deliveries of 643 MMBtu/d (56%) - SoCalEhr, capacity 1025 MMBtu/d, deliveries of 938 MMBtu/d (92%) - SoCalTop, capacity 413 MMBtu/d, deliveries of 380 MMBtu/d (92%) Friday's posted Gas Daily prices: SoCal gas, large pkgs 2.34 (+.03) PG&E, large pkgs 2.35 (+.09) TW San Juan n/a TW Permian 2.165 (-.025) Enron Online bases: Nov-Mar Apr-Oct Perm-CA .15 (-.06) .23 (even) SJ - CA .24 (-.04) .41 (-.03) SJ-Waha .12 (+.02) .22 (-.04) Perm-Waha .03 (even) .04 (even)
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A: California Capacity Report for Week of 10/15-10/19

Q: Attached is the latest skew file that is being used to value options in the system. Each of you should be able to use this file to download the information from the system. Please try to by pressing the fetch data button. You do not have the ability to save the data in the system. Please call me at (713) 853-6247 if you have any problems. Thanks. John Griffith
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A: Skew File

Q: Judge says Enron has to give up documents By Emily Bazar Bee Capitol Bureau (Published Sept. 7, 2001) Enron Corp. must turn over sensitive internal documents to state legislators, a Sacramento judge ruled Thursday, but only after the two sides agree to a court-approved confidentiality agreement. For months, a special Senate committee investigating electricity price manipulation has been issuing subpoenas and gathering documents from power generators and marketers. During the process, the committee has found three companies in contempt for resisting the subpoenas, including Enron, which fought back with a lawsuit asking the court to intervene on its behalf. In his ruling stemming from the suit, Sacramento Superior Court Judge Charles Kobayashi said he wasn't convinced that "the Senate committee will be able to maintain the petitioner's right to confidentiality." As a result, he ruled, those documents handed over by Enron that contain legitimate trade secrets must be protected by a confidentiality agreement. In his ruling on another Enron motion, however, he denied the company's request to quash the committee's subpoena. Still, Enron officials considered the judge's findings on the whole a victory. "We had no certainty that anything we handed over to the Senate would remain confidential," said Enron spokeswoman Karen Denne. "We were not receiving due process from Senator (Joe) Dunn's committee. They were acting as judge and jury on this issue." Dunn, D-Santa Ana, who is the committee chairman, said he "respectfully disagrees" with the judge's decision on the confidentiality agreement, which he said will be reviewed in the next few days by the Legislature's lawyers to determine whether an appeal should be pursued. Another Enron motion seeking an injunction against the committee will be heard in court next week. Enron is one of three companies that have been found in contempt by the committee. However, the committee purged its contempt finding against Mirant in July after the company complied with the committee's requests. The committee was poised to expunge its contempt finding against Reliant Energy Inc. on Thursday as well but couldn't draw enough senators for a vote. Dunn delayed the action until the next meeting. As for the contempt charge facing Enron, the Senate Rules Committee is scheduled to review the findings Monday and possibly make a recommendation to the full Senate. Should the full Senate also find Enron in contempt, it would determine what punishments, if any, would be levied. Dunn said he believes fines would be the most appropriate punishment.
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A:
CA Energy Issues