IN: This is an email
We have 200,000 mmbtu/day of "Block II" capacity available through May 31, 2006. It is labeled "Block II" because PG&E owns recall rights on the entire block through 12/31/2005. The ROFR rights that go with this capacity add a tremendous amount of value (i.e. market rates with short term commitment vs. 15 - 20 year obligation of new build) Capacity currently has access to all supply basins. However, the current FERC proceedings on receipt point reallocations will probably result in a supply split of 60% San Juan and 40% Permian. Rates for the capacity and my Duke proposal are attached. Please call if you have any questions.

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OUT: PG&E Capacity

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All - Ramsey Soliman (PPA major) attended our Fantastic Friday October 25-27. He received and has accepted a full-time offer with us. The remaining 14 full-time candidates from UT will attend Fantastic Friday November 15-17. Please e-mail Dolores Muzzy if you are interested in participating in any of the events during that weekend. Thanks!

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OUT: Ramsey Soliman

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Vern, I spoke with Annemieke and she said that you would be the person to contact about adding a report to the executive viewer. We need to add a gas report. The title of the Report will be Natural Gas Basis by Trader. I am attaching a copy of the report that will be published. Please let me know if you need any additional information. Thank you for your help,

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OUT:
New Executive Viewer Report