QUESTION: I've gotten a bit more educated about IT revenue crediting since you asked your question yesterday. "IT revenue crediting" is an industry term used to describe a requirement (brought about either by a FERC order or a rate case settlement) that IT revenues in excess of a certain dollar amount will be credited back to all firm shippers in the next rate proceeding or thru some refund mechanism. Transwestern is currently not under any IT revenue crediting obligation, and I would be very hesitant to negotiate any such obligation with any individual shipper because then we would have to do the same for all firm shippers on a nondiscriminatory basis. If you need more info, let's talk.
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ANS: IT revenue crediting

QUESTION: According to Tammy Shepperd who is very involved in space allocation for the new building, a location for Sheri Thomas' Product Control Group remains up in the air. Sheri, Andy Zipper, John Cummings, and Surresh have met to discuss space, and all agree that Sheri's group needs to be located with their groups. My understanding is that you have designated a certain number of spaces for ENW on the trading floors, but that Sheri's group is not included in that count. Can we get together when you return to the office next week and discuss floor space? Thanks. --Sally
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ANS: Space Planning - Product Control Group

QUESTION: What many of you have probably sensed was going to happen has now officially been confirmed: As of June 11, Steve Hall will be changing his status from full time Enron-dedicated outside counsel to full time Enron employee , reporting to Elizabeth Sager in Houston. Coming as it does, at a time when trading legal expertise is much in demand in the market, this is a very positive event. Our team will no doubt continue to benefit from Steve's significant contributions. ---cgy
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ANS:
It's Official