Now that the celebrating has died down, lets decide whether to seek rehearing or clarification of the order. If there is anything in it that disadvantages us, we should consider rehearing, particularly since it is a nearly certain that our friends at SoCal will file a nasty one. (It might be good for Steve H. or Bill or whoever has the best relationship with SoCal to make a high level courtesy call to extend the olive branch and tell them that we'll work with them to minimize their concerns blah blah blah. At minimum, we'll probably learn if they do intend to seek rehearing) I see two things that may be worth seeking rehearing on: 1. The requirement that we disclose our discount agreements in 15 days. FERC really punted this issue. They say that "since the expansion capacity is fully subscribed we see no reason why Transwestern should not publicly disclose the agreements. . . . " This is the first time I've heard of any rule that if your project is fully subscribed you therefore lose your right to confidential treatment of sensitive pricing info. At minimum, we could argue that the requirement is arbitrary and capricious because FERC didn't even mention its normal regulations and procedures governing filing of discount reports. It just cited the certificate regulation that requires an applicant to "file" its rate information with the Commission (which we did) and ignores the regulation (Sec. 284.7(c)(6)) that doesn't require a pipeline to publicly disclose its discounts until 15 days after the close of the billing period to which the discount pertained. The commercial people need to decide if we care about this issue--i.e., how upset will the customers

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Gallup Order: PRIVILEGED AND CONFIDENTIAL, ATTORNEY CLIENT PRIVILEGE