IN: Message Description: High Inventory System Wide OFO Message Date: 12/28/2001 Message Text: High Inventory System Wide Operational Flow Order (SWOFO) OFO Stage : 2 Inventory Level : High Noncompliance Charge : $1.00/Dth Tolerance Band : 11% PG&E's CGT has called a High Inventory System Wide OFO for flow day 12/29/2001. High Inventory: Customer supply is required to be within the tolerance band percentage of daily usage to avoid OFO noncompliance charges. Supply lower than usage is not subject to OFO noncompliance charge. Charges for Noncompliance: - Noncore customers with AMR and PG&E's Electric Generation charges are based on actual daily metered usage. - Noncore customers without AMR charges are based on ADQ or actual daily metered usage, whichever results in a lesser charge. - Core Procurement Group charges are based on the latest core load forecast. Please call the CGT Helpline 1-800-343-4743 if you have any questions. Gas Schedulers PG&E - California Gas Transmission

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OUT: High Inventory Notice SWOFO
IN: This is an email
Gentlemen: There was a discussion at the Executive Committee meeting last week regarding a bylaw change. Eliminate existing Bylaw 9 and change it to read that "Members will retain Graduate status for only as long a period as they held Active membership or until normal council retirement at age 72, whichever occurs first." The following members would be immediately affected by the proposed change and would leave the council: Sam Armacost, Percy Barnevik, Art Blank, Michael Bonsignore, Ed Budd, Ed Carpenter, David Coulter, Walter Forbes, Jim Johnson, Tim Koogle, Jack Krol, Paul Lego, Jan Leschly, Dick McCormick, Eckhard Pfeiffer, Rick Scott, Pete Silas, Jeff Skilling, Bob Stempel, Rick Thoman, John Walter, Dennis Weatherstone and Bob Winters. The mandatory retirement provision affects an additional 49 members. In summary, we currently have 115 Active members and would be reducing the Graduate members from 149 to 77. Frankly, a more dramatic change than I thought. Any thoughts? Phil

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OUT: By-law Change
QUESTION: Mark: We figured this out... In looking at CARP we found discrepancies for both purchases and sales on the 12th that explained the difference between the CP and Enpower. When I autosheduled these existing deals, our numbers equal theirs. I marked this DMS as complete. Thanks for your help.
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ANS: Hafslund - DMS 12596
Dale, Will you please create the following products for me when you get the chance? I would like to have GD/D HHUB vs EP San Juan, GD/D HHUB vs. EP Permian, GD/D HHUB vs. Malin, and GD/D HHUB vs. Kern/Opal. These will look like the GD/D HHUB vs. SCal that we currently have in EOL. Also, Can I please create three Gas Daily basis products. GD/D BAJA spread - This spread will simply be the GD/D SCAL vs. PG&E Citygate. The GD/D Redwood off-system spread - GD/D Malin vs. SCal. The GD/D Redwood on-system spread - GD/D Malin vs. PG&E Citygate. Call me to discuss. Thank you. Mike Grigsby x37031
Q: What is a potential subject line for this email?
answer: New Products
Well, the origination tickets are up for grabs if you want them. I have been informed by Mollie, Oh Holy Keeper of the Tickets, that you must, and I quote, "come over here and beg me" if you want to procure free seats to tonight's game. The ball is now in your court. I'd suggest driving down the middle, faking to the left, butt-kissing to the right, and taking it straight to the hole for a slam dunk. Good luck! Kate "Nothin' But Net" Symes
Answer: Blazers v. Dallas
Q: Dick: Sorry that I didn't have a chance to call you again today. After reviewing the appendix (Board resolution summary), I would like to request an opinion from EWEB's bond counsel that swap/other transaction payments are payable from the Operating Fund (together and in parity with other operating costs) and precede EWEB's debt service payments. Also, can you please describe EWEB's Master Resolution (relevant to long term bonded indebtedness) as this is to be referenced in Larry Cable's legal opinion. I will be back in the office on Tuesday, Jan. 2. Have a happy new year. Thanks. Sara
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A:
bond counsel opinion