IN: This is an email
Just a reminder that the EGM weekly staff meeting will take place on Monday, June 11th, from 8:30 - 9:30 a.m., in video conference room EB 32C2. The staff meetings will continue on a weekly basis on every Monday at the same time and location unless notified otherwise. Please let me know if you are unable to attend. Thank you. Cathy Phillips X-36898

What is the subject?

OUT: EGM Weekly Staff Meeting - Reminder

IN: This is an email
On Friday the Commission issued an order suspending (until October 15, 2000) TW's tariff sheets for acquiring PNM capacity, and calling for a technical conference. The Commission stated that while TW's proposal may be in the public interest, further investigation of the issues, including those raised by Dynegy in its protest, is necessary prior to authorization. The order does not make clear what issues are to be investigated, but they seem to include: whether TW will, in effect, become a marketer for PNM's services, whether the rates are just and reasonable and whether there is any expansion of monopoly power. Additionally, the Commission noted that while PNM has certificate (i.e., public convenience & necessity) authority to transport gas in interstate commerce, PNM will "have to either explain how it has appropriate rate authority for transportation of natural gas in interstate commerce, or seek appropriate rate authority from the Commission." Lorraine has forwarded a copy of the order to PNM so that they can begin taking the appropriate steps. I will talk with regulatory about technical conference dates and will tell you when I have further information. If you would like a copy of the order, let me know.

What is the subject?

OUT: PNM filing

IN: This is an email
Attached is the latest draft of the Transport Option Program filing. After our discussion last week I made a couple of significant changes from the last draft. One is that we're no longer stating that the option fee is going to be "market-based." Instead I have tried to portray the option fee as a built-in feature of the transport rate, which is simply being disaggregated into a separate option fee. The other significant change is that I've structured the tariff language and the agreement so that every shipper, regardless of whether they currently use transport on TW, will have to have a firm transportation agreement when they buy an option. In other words, a shipper that does not currently have a service agreement will simply execute an agreement with a MAXDTQ of zero. If you don't think I've explained this clearly enough, let me know. I'm meeting informally with the Commercial Group next week to discuss 1) some examples of options to make sure the tariff provisions and contract work from a logistical standpoint, 2) the bidding process, and how bids for options will be evaluated, and 3) further comments received from shippers. I'll circulate our ideas on bidding and awarding options, and any other new ideas or questions. As I've discussed with some of you, our shippers are asking to see the filing in its entirety before we file it, and would like to have a roundtable meeting prior to filing to discuss their concerns. I realize there is some concern about showing them our filing. What if we just show them our final tariff language and form agreement, and offer to host a meeting to discuss their questions? Let me know what you think. Our target filing date will depend on whether we have a customer meeting first, and when FERC staff is available to talk.

What is the subject?

OUT:
Transport Options on TW