Q: Gerald, were you able to get the contracts w/ changes out to Aspect, et al yesterday? I am out this week, but am checking email. If you need to talk, call me on my cell phone 713-628-0543. Thanks.
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A: Revised contracts to Aspect et al

Q: I'm OK with the language, but I want to make sure everyone is OK on the concept. When we left this (unless there have been subsequent conversations with ECS that I wasn't a part of) we rejected Courtney's proposal to reduce our up front payment by $500,000. He was to come back and propose a monthly quantity of gas to be paid over the term of the contract that would equate to the $500,000, but I don't recall that we agreed to it. Did we intend to leave the issue open for more horsetrading on the amount of a haircut ECS should take or were we content to cover ECS at 100 cents on the dollar? I am advised that the Btu number in the letter would allow ECS to get the full $500,000 of up front value. Rod and Steve--this one is up to you and I think its totally a question of
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A: Supplement to Gas Letter

Q: Hey Corey, So he's back in town now...The question is what do I do about that? Should I: A) Completey ignore him and pretend like there was never anything between us or B) Call him out and confront him with his own cowardess. I am completely torn on the issue and have actually felt physically ill over the situation the last two days. Help!!! Susan
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A: What to do, what to do?

Q: Paul Kaufman phoned with the following brief report from the Western Governor's Association "Energy Summit" that took place today. Paul will follow up with more detail when he gets back to a computer. The governors issued the following recommendations: California should immediately implement FERC's order issued last Friday and aggressively pursue all available DSM and conservation opportunties. The Western region should likewise be much more aggressive in identifying and implementing DSM and efficiency opportunities. Increase supply as soon as possible. FERC should do an investigation into the potentially negative effects that price caps can cause in the industry. FERC should add to its investigations an investigation into what caused the price spikes in the first week of December. Work with the Bush transition team to make sure that someone from the new administration is focused on the issue. Hoecker said that he is not inclined to impose a region-wide cap until California takes the actions it needs to take to help alleviate the situation (e.g., reforming regs governing utility forward contracts). Jeff
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A:
Summary of Western Gov's Energy Summit