Q: Tim I thought I would give you a simple overview of the gas market. This may help you prepare for Thursday. Everyday roughly 55 Billion Cubic Feet of gas is produced. The bulk of this production is in Texas, Louisiana, and Oklahoma. In the winter, the US daily load is greater than 55 BCF and in the summer, the daily US load is less than 55 BCF. Therefore, storage fields are needed to smooth out the seasonal differences in load. Texas and Louisiana are two of the largest consumers of natural gas. However these states produce more gas than they consume. Most other states consume more gas than they produce. Therefore pipelines were built to solve the regional imbalances. Most of these pipelines originate out of LA and TX and move gas to the areas of greatest demand. Our goal is to gain a handle on where the daily production is moving and if the daily production is growing or shrinking. Very simplistic, but maybe it helps. Hunter
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A: Gas Market

Q: Mark: I'm not sure whether this CP does financial trading. Regardless, I've included the highlighted language that I had circulated with the Idacorp draft; I think that you were mulling over whether that new language was acceptable. Please let us know your thoughts so that we can finalize the new rider. THANKS! Stacy: Would you like to tackle ONEOK next? Also, please let me know your thoughts on the bold faced language. Janet
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A: ONEOK EOL Amendment

Q: Diana and Sean: Attached please find the latest prior month adjuments to be entered in your P&L for 10/31/01. The total amount will be -$206,492.82, primarily due to demand charge liquidation adjustment (-$204,999.92) for deal 555367.1. I have researched on this item and believe it is valid. Please also note the attached file is preliminary. There could be more to come from Settlements between now and month-end. I'll update you if that happens. Please take a look at the items listed now and let me know if you have any questions. Thank you,
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A: Prior Month Adjustments going into 10/31 P&L

Q: Power Marketers QSE Services - Full Service Contract Length No Term 1 Year 3 Year MINIMUM ANNUAL FEE $120,000 $108,000 $102,000 $/MWh $/MWh $/MWh Energy Scheduling (includes reserve products) 0.08 0.065 0.055 Settlement 0.08 0.065 0.055 MAXIMUM ANNUAL FEE No limit $400,000 $380,000 Thane indicated that we could possibly do a 1 or 2 month contract, thus avoiding "LD's" for a NO TERM contract.. He also indicated that the Minimum Annual Fee is really monthly--thus under the No Term scenario, with a 60-day cancellation: if we were to terminate & begin using our own QSE prior to the 60 day cancellation we'd only be liable for the $20K in "Liquidated Damages"...$10K monthly minimum * 2 months. The point is, if we only use 2 months we're not liable for $100K for unused months because of the "MINIMUM ANNUAL FEE OF $120K."
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A:
Initial APX Information