Subject: "Order 637: TW Comment on Rehearing Request".

Body: With regard to the Commission's limitations on the right of first refusal, Order 637 provides for grandfathering of discounted long-term contracts that are now subject to ROFR. The Commission's rationale was that grandfathering gives all shippers notice of the new limitation and the opportunity to re-execute current contracts. The TW Commercial Group has asked whether we should challenge the grandfathering of existing contracts. In limiting the right of first refusal, the Commission has expressly acknowledged that if a customer is truly captive and has no alternatives for service, it is likely that its contract will be at the maximum rate. Shippers that are not captive and have alternatives in the marketplace do not need the protection of ROFR, and the pipeline should be able to negotiate with other interested shippers upon expiration of the contract. In light of these conclusions, there should be no reason to grandfather the ROFR rights of shippers under existing discounted contracts. Such shippers would not be harmed by removal of the right immediately upon the effective date of a pipeline's tariff filing to limit the right of first refusal (assuming the service contract incorporates tariff terms on an "as amended" basis). Consistent with the Commission's order, it would not be unfair to make these shippers compete with others for the capacity upon expiration of the contract.

Subject: "Counterparty Approval List for 1/21/00".

Body: Attached is the referenced list. Again, no european power products for US counterparties until further notice. Also, Renaissance is an Amended approval, so I just wrote in the corner-amended-no change, since I have no change in the earlier approvals I told you.

Subject: "August Deficiency Auction - Rescheduled".

Body: sbarrett@nyiso.com writes to the NYISO_TECH_EXCHANGE Discussion List: Dear Market Participants: This is an email reminder that the August Deficiency Auction originally scheduled for 7-23-01 was rescheduled for 7-24-01. An email regarding changes in NYISO ICAP Auction dates was posted to the TIE LIST Server on 6-25-01. A copy of this email is attached to this notification for your convenience. Serena Barrett Auction Administrator Resource Reliability

Subject: "various oct 01 deal with mutiple tiered pricing".

Body:
Gerald and Judy, Shawyne Smith has made the following deals with Unimark LLC pooled and committed wells ( 1063501, 1033968, and 1063576 ) which include pricing language with 5 separate tiers for maximum volumes of 4275/d. How should we confirm these deals? We have language to confirm 2 pricing tiers. Judy how should we proceed to confirm these deals? Should we start this trend of multiple pricing tiers for such small volumes? Please let me know how we should proceed. Lisa 5 4766