IN: This is an email
Dave: I read Gordon Bethune's comments is the Chronicle this morning and if he concerned about Continental's solvency, the other carriers must be even more at risk. As Bill and I are traveling, could you help in asking for a recap of our Airline positions? We probably should identify the universe of names. Given the high operating leverage in this industry, coupled with lease leverage, it does not take much to go negative. For United and American I would imagine access to CP and revolvers would be potentially problematic. I will be Bill at about 6:45 before we leave, if this is already in process, I'll leave a voice mail. Regards,

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OUT: Airline exposure

IN: This is an email
Robert, Ken developed an industrial report before he left. It can be found at o/logistics/kenseaman/industrialsmonthly/... There is one file for each month of 2000. I need you to update this for March. This will need to be distributed to Gas Control, Logistics, and myself. Let me know if you have any questions. D

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OUT: Indutrial Report

IN: This is an email
No meeting today but here's the update. We had our meeting with AZ Public Service on Friday 11/16. Here's the highlights: 30 year term is not a deal killer Rates & fuel are high but San Juan gas price helps They like the pressure guarantee They like being able to swing the volume within the day APS has electric line ROW that may include underground ROW going south towards El Paso. If so, we may be able to use this path to reach Panda and the El Paso system at a reduced cost. APS will check it out and get back with me. Next steps: meetings are being set up with Duke, Sempra, and PG&E for the week after Thanksgiving. El Paso / FERC full requirments debate: A straw man settlement proposal was floated at FERC by one of the FR shippers. FERC still wants the parties to negotiate a settlement but so far there has been little progress.

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OUT:
Sun Devil Update no meeting 11/19 or 11/26