IN: I was advised by Lad Lorenz of Socal that their original application sets forth the plan by which they will sell the residual gas in the Montebello storage field. Can you please advise me of the final tems of the PUC decision (should have been announced yesterday) and get a copy of the application? Based upon yesterday's conference in D.C., I think the restructuring of Socal's backbone transportation is about to become a hot topic again! Please keep us apprised. Regards,

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OUT: Montebello

IN: I have received the fully executed Termination Agreement dated as December 15, 1999, effective as of December 17, 1999, terminating certain transactions under the ISDA Master Agreement. The ISDA Master Agreement remains in full force and effect. Copies will be distributed.

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OUT: Canadian Imperial Bank of Commerce

IN: I've talked to Lee Ferrell about this, and it sounds to me like there are serious business reasons (i.e., cost and functionality) not to use the ENA system. THe "sharing of resources" issue worries me, but might be solvable if the right people are in Networks instead of ENA. I'll call you tomorrow. DF

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OUT: Risk System Alternatives Next Steps

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OUT:
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