Tracy: Sorry to bother you with this one again - in 1999 and 2000, what were the revenues and costs associated with the base gas sales - the footnote disclosure indicates $53 million and $34 million in sales but not the cost. In addition, going forward, how much of the 2001 and 2002 TG&S expense is solely related to this transaction (i.e. expenses that would not be incurred but for this transaction)? My question may be a bit confusing - call me if I am totally off base!
Answer: More base gas questions
Here is an email: NGI's Daily Gas Price Index published : October 29, 2001 ALJ Clears Transwestern of Market Power Charges A FERC administrative law judge has found no improprieties, nor evidence of the exercise of market power in negotiated rate contracts between Transwestern Pipeline and two shippers on its system, which resulted in the shippers being charged as much as $27/MMBtu last February, far in excess of the pipeline's allowed transportation rate of 38 cents/MMBtu (RP97-288-009). ALJ Jacob Leventhal had only one fault to find, and that was with Transwestern's method of posting capacity. The judge said, and Transwestern agreed, to modify its tariff "so that all posting, bidding and award procedures are set forth in a separate provision with an appropriate caption" on its Internet bulletin board. Shippers had said that reviewing capacity on the Transwestern web site was "a tortuous process." Indicated Shippers claimed Transwestern's inadequate capacity posting and award procedures did not provide all interested parties with an opportunity to bid for the capacity that was available. While "both Indicated Shippers and (FERC) Staff find it curious that SET (Sempra Energy Trading) and Richardson (Products Co.) were the sole bidders on the contracts awarded to each of them...curiosity does not translate into proof," the judge said. Witnesses in the expedited hearing testified no bids were considered in advance of the capacity posting. The judge subsequently found the capacity was awarded in a manner consistent with Transwestern's tariff. Similarly, Levanthal could find no evidence that Transwestern exercised market power in negotiating the rates with shippers or withholding or threatening to withhold capacity. The capacity was available at recourse rates, and the shippers knew those rates were available. "Staff's arguments really are criticisms of the posting and award procedures, but do not demonstrate the exercise of market power." The two shippers said they made a business decision to propose the "index-to-index" formula that produced the higher rates, rather than take the recourse rate "to minimize any risk on transportation options." The index-to-index formula refers to taking the difference between the daily published commodity prices at two different points and subtracting to get the transportation rate between them. In this case the two points were the San Juan Basin and the SoCal Needles delivery point. The case was set for expedited hearing last summer by the commissioners acting on staff recommendations.
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A: NGI Article on TW Ruling
Q: Christie, I have two persons in my group helping me with the Wharton and Rice projects. By the way, the project I gave to Rice students is exactly the same as the project for Wharton. We shall see who is better. Their names are Li Sun and Kenneth Parkhill. Can we invite them to the dinner on the 18th and to the meetings on Friday? Vince
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A: Help with the Tiger Team
IN: Becky, This will confirm our conversation. You will make the redrafting changes necessary on the petition and attachments to file in Harris County court, and have everything ready for us to file on Monday. Once service is ready, we will then serve the Secretary of State of Texas (I may go ahead and have a process server do that for us, to prevent any questions about proper service later on). Keep your fingers crossed and let's hope that Sherwood Purnell doesn't try to dodge the Secretary of State. Many thanks. Britt P.S.--Lee, we already have the check cut to pay for filing, etc., but get with Becky today and take a look, just to make sure it appears to be in the proper amount. If it is not, let's order a check in the right amount today. Thanks.

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OUT: ENA v. Triad
IN: This is an email
This sheet does not include the temperature model. It will be revised with more precise temperature historicals, and a corresponding temp forecast, when the weather team provides these this week. Jason Wolfe

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OUT: Palo Alto forecast
We should probably start thinking about an agenda for this meeting if only so that we can determine appropriate attendees and get it on their calendars. Do you have anything in particular in mind? Were you thinking legal/regulatory/operations/business/marketing? Hope you're having a fun weekend!
Answer:
October 2nd London Meeting