IN: Here is the draft letter agreement. We are still discussing it with ECS and can make whatever changes are appropriate. Note that the letter agreement ties back to Article 6 of the Compression Services Agreement. That article, you may recall, is where ECS agreed to create a computerized system that would monitor Continental Divide's electric system utilization and warn when their system peaks were occurring and then automatically take the compressor offline (subject to manual override) so we and ECS could avoid peak period demand charges. Instead of creating such a system, which apparently turned out to be mostly a manual system anyway, ECS is going to pay us a monthly fee to monitor CD's system peaks ourselves and decide when we need to get off line. The load management service has to do with operational management of the load we place on CD's electric system, and is not a jurisdictional gas transportation or storage service. Note that the service goes on for 10 years (as required by the accountants' 10 year amortization rule) and thus may be vulnerable to scrutiny and potential revenue crediting in TW's 2007 rate case. Any way to avoid that? DF

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OUT: TW Letter Agreement

IN: Please unsuspend and bill the following Jan CES deals Deal Pipe volume Amount Comment 145311 ANR 5071 11992.92 we billed the Trunkline piece of this deal. 145317 ANR 37975 89810.88 145319 ANR 16275 38490.38 Still researching the following deals Deal Pipe volume Amount Comment 149430 ANR 34248 76030.56 sent email to Tom Donoho to research. I will be in after lunch. I may try to send you more deals.

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OUT: CES Jan Billing

IN: The OGC meeting scheduled for Wednesday, July 5, has been cancelled. The OGC meeting will resume on the normal schedule beginning Monday, July 10, at 8:30 a.m. Thank you.

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OUT: OGC Meeting - Wednesday, July 5

IN: Please use the PEP system on your computer to suggest reviewers by the end of the day tomorrow at the latest. It is important that your reviewers have enough time to fill out the reviews and the system closes for that purpose at the end of next week. If you have any questions or are having trouble accessing the system, please let me know.

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OUT:
Year End Performance Reviews