Subject: "Weekly Environemtnal Activity Report".

Body: The third quarter PCB meeting with Southern California Gas Company was held this morning. SoCal presented a third quarter invoce of their PCB management and disposal activities for which Transwestern is responsible for $120,602.19. All charges were appropriate and considered normal operating expenses for PCB activities in California. The public hearing was held in Williams, AZ for the Kingman and Flagstaff air permits under the Redrok Expansion. There were no comments or concerns brought up at the meeting as no individuals came to the meeting. An email was received from the ADEQ presenting the minor additions which will be added to each permit. Each comment and addition will not impact or change the draft permits which were received earlier this month. The permits for Klagetoh and Luepp were received from the EPA last week. The permits from the ADEQ for the Kingman and Flagstaff C/S will be issued the later part of this week. Attended the incident investigation and technical writing workshop in Omaha. Assisted the Mountainair team with the semiannual Title V compliance monitoring report for C/S No.7. A meeting was held in Phoenix, Az with PG&E to review charges and invoices by PG&E for PCB management and disposal activities on their system for the last several months. Also discussed was recent liquids sampling results and proposed PCB activities on the PG&E system for 2002.

Subject: "TXU Energy Trading Company".

Body: Kam, I found the following comment in Global Counterparty regarding the suspension of TXU Energy Trading Company (CP ID 69034): Cheryl Johnson in the GCP group suspended this record due to the merger which resulted in the final name of TXU Energy Trading Company LP. It sounds like deals need to be moved over to the new CP name. You will need to coordinate that with Cheryl because she will have to re-activate the CP ID to do that. Please let me know if you have any further questions. Thanks,

Subject: "DRAFT Slides for Sempra Meeting".

Body: Attached for your review is a rough cut at slides we're preparing for the meeting with Sempra next Thursday. Thoughts and comments are appreciated. Please disregard korny title.

Subject: "Credit Watch List--4/23/01".

Body:
Attached is a revised Credit Watch listing as of 4/23/01. Please note that NUI Utilities, Inc. has been placed on "No Trades". If there are any personnel in your group that were not included in this distribution, please insure that they receive a copy of this report. To add additional people to this distribution, or if this report has been sent to you in error, please contact Veronica Espinoza at x6-6002. For other questions, please contact Bill Bradford at x3-3831, Russell Diamond at x5-7095, or Brant Reves at x3-9897.