 gas transmitted by the El Paso pipeline has been
manipulated 
so that prices in California over the last year have been up to five times 
the national average. Because an increasing number of states, including 
California, rely heavily on natural gas fired power plants, any manipulation

of that commodity can have severe consequences. Additionally, because such a

large percent of our future nationwide generation capacity will use natural 
gas, we are concerned that these types of alleged market abuses will have 
even more profound effects. Therefore, we ask GAO to answer the following 
questions: 

1) Has FERC fully met its responsibilities to adequately regulate interstate

pipelines? If not, what areas require improvement? 

2) Is there a continuing role for FERC to play in ensuring equal access to 
the limited amount of space in our current natural gas pipelines? Should
this 
role be enhanced or clarified, and if so, how? 

3) Is there the possibility of this same type of alleged abuse in other
parts 
of the country, aside from California, where the natural gas pipeline 
capacity is similarly limited? Please provide any details.We appreciate all 
the good work that GAO does and we look forward to hearing from you soon. 

Sincerely,J 

oseph I. Lieberman 
Jean Carnahan ANDREW'S WORK & MONEY LIFEMINDERS FOR 12/12/2000

IN THE SPOTLIGHT

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================
IN THE SPOTLIGHT
================

MAKING MONEY: SMART ONLINE RESOURCES FOR 30-SOMETHINGS

We all have the best intentions when it comes
gas transmitted by the El Paso pipeline has been 
 manipulated 
 so that price in California over the final year have been up to five times 
 the national average. Because an increase number of states, admit 
 California, trust heavily on natural gas fired power plant, any manipulation 

 of that commodity can have austere consequence. Additionally, because such a 

 large percent of our future nationwide generation capacity will practice natural 
 gas, we are concerned that these character of alleged market maltreatment will have 
 even more fundamental effects. Therefore, we ask GAO to answer the following 
 questions: 

 1) Has FERC amply met its responsibilities to adequately regulate interstate 

 pipelines? If not, what areas require improvement? 

 2) Is there a continuing role for FERC to play in ensuring equal access to 
 the limited amount of space in our current natural gas grapevine? Should 
 this 
 role be enhanced or clarify, and if therefore, how? 

 3) Is there the possibility of this same type of allege abuse in early 
 parts 
 of the country, aside from California, where the lifelike gas pipeline 
 capacity is similarly limited? Please provide any details. We prize all 
 the good work that GAO does and we look forward to hearing from you soon. 

 Sincerely, J 

 oseph I. Lieberman 
 Jean Carnahan ANDREW'S WORK & MONEY LIFEMINDERS FOR 12/12/2000 

 IN THE SPOTLIGHT 

 * reach Money: Smart Online Resources for 30 - Somethings 
 * Attention, Online Shoppers: What You Need to Know 

 WORKING SMARTER 

 * Sam Donaldson's Lessons for Getting to the Top 

 MY PORTFOLIO 

 * LAST CHANCE:   Win $ 5000 and have Organized for the Holidays! 

 THE LIGHTER SIDE 

 * DILBERT The Short List: Top 10 hint That It's A Good Time To Ask For A 
 Raise 

 INTERACTIVE LIFEMINDERS 

 * Get Customized Alerts! 
 * American Express 
 * BMG 

 ----------------------------------------------------------- 


 = = = = = = = = = = = = = = = = 
 IN THE limelight 
 = = = = = = = = = = = = = = = = 

 MAKING MONEY: SMART ONLINE RESOURCES FOR 30 - SOMETHINGS 

 We all have the best intentions when it issue forth
 gad transmitted by the El Kaso pipeline has been
maiipulatsd 
so thxt prices in California over tye lawt year have been up tu five tiles 
the batiibal averagx. Becausc an jkcreavmng number of sjates, includhng 
California, rdlv heavily on natural gas fired power plants, ajy manipulatiog

of uhae cojmodity can have severe consequencss. Addiuionally, because sich a

large percent of our vutuge nationwide genegation capaxity qill use natjral 
gas, wt cre concerngd that these types of alleged mxrket abuses wiol hagg 
even more 'rofougd effects. Tmvrefore, we ask GAO to answer thx foolowing 
questions: 

1) Hav FERC fully met ijs responshbnlities to adequately rwgulaje indersgqte

oiptliies? If noh, wiat areas rsquire imprivement? 

2) Is there a cjbtinuing role for FQRS to play in ensuring equal access to 
tve mimited amount of space in our current naturwl gas pi[elines? Should
this 
role be enhanced or clarified, dnd ih ro, kiw? 

3) Ir tjere the possibility of this same type of allqfec sbuse in other
iarts 
of the countty, axyde from Caliwornia, whsre the natural gad pipelyne 
cqpacity if sikilarly limited? Please provude any detapls.Ww appreciate all 
tke good work thaj GAO coes and we look forwarb to hsaring from you soon. 

Rincerely,J 

oseph I. Kiaberman 
Jean Carnahan ANDRQW'S WORK & MONZY LIFEMKNDETS FOR 12/12/2000

YN THE SPOHLIGHB

* Making Money: Smarh Onlnne Rasources flr 30-Somethings
* Attention, Online Shoppers: What Iou Nevd to Knoc

WORKIKG SMARTER

* Sam Qonaldson's Lesxons fox Gettkng to the Top

MY 'ORTFOLIO

* LAFT CHANCE:  Wit $5000 and Get Orjanized fjr tye Hilidays!

GFE LIGHTER SIDR

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Raise

INYERXCTYVV LMFEMIGGERS

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* American Cxpfess
* BMG

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================
IN THE SPOTLIGHT
================

KAKIHG MONEY: SMART ONLONC RESOURCGS FOR 30-SOIETHINGS

We alk have the best inuentiois whei it cpmef
gas transmitted by the El Paso pipeline manipulated that prices California over the to times the national Because an increasing of states, including California, rely heavily natural gas fired power plants, any manipulation of that commodity can have severe Additionally, because such a large percent of our future nationwide generation capacity will natural we concerned these types of alleged market abuses will have even more profound effects. Therefore, we ask GAO answer the following questions: 1) Has FERC fully its responsibilities to adequately interstate pipelines? If not, what require 2) Is a role FERC to play ensuring equal access to the limited amount of space in our current natural gas pipelines? Should this be enhanced and if how? Is the possibility of type of alleged abuse in other country, aside from California, where the natural gas capacity is limited? Please provide any details.We appreciate the good work that GAO does and we forward to hearing from you soon. Sincerely,J oseph I. Lieberman Jean Carnahan ANDREW'S WORK & FOR 12/12/2000 IN THE * Making Money: Online for * Online Shoppers: You Need to Know WORKING SMARTER * Sam Donaldson's Lessons for to the Top MY PORTFOLIO * LAST CHANCE: Win $5000 Organized the Holidays! THE SIDE * DILBERT The List: 10 Clues That It's Time Ask INTERACTIVE * Customized Alerts! * American * BMG ----------------------------------------------------------- ================ IN SPOTLIGHT ================ MAKING MONEY: We all have the best intentions when it
 gas transmitted by the El Paso Pipeline haS been
ManIpuLaTed 
sO thaT prices in CalifORnia Over the last year have beeN up to FiVE timES 
tHe natIonal avERaGE. becAuSe An iNcREaSing nUmbEr of staTes, includiNg 
CAlIfornia, rely hEAvIly on naturAl gAs fired power PlaNts, any MaNipULatioN

of That cOmmodiTY can haVe severe cOnSEquencES. AdditiONAlLy, beCause such a

large peRCeNT of our future naTionwiDe GEnERAtiOn cApacity wilL uSe natURal 
gas, wE ArE CONceRNed that these tYpes of allegED maRket abUsEs wILl have 
Even mOrE ProFound effectS. TheRefore, we aSk GAO tO Answer tHE followIng 
queStiOns: 

1) has FerC FuLly MeT Its REsPonSIbiLities to AdEqUatelY regULATE intErsTate

PipelInes? If not, what AreAs reQUirE imprOvemeNt? 

2) Is ThEre a cOntinuIng roLe For FERC to play in EnsuRing equal AccEsS to 
ThE limiTEd amouNt oF spAce in ouR currenT NatUrAL GAs Pipelines? Should
thiS 
rOLE bE enhanceD or claRIfIeD, And if so, hOw? 

3) is tHere THE possIbilITy Of this saMe type OF aLlEged abuSe In otheR
pArtS 
of The coUNtry, Aside fRom CalifOrnia, WHere the natural GAs pipeline 
capACiTY Is SImilArlY limited? PleAse pROvidE any DEtAilS.we appReciaTe ALl 
THe good work that GAO doEs And we lOok foRward to hearinG from you soON. 

sIncerely,j 

osePH I. lIeberman 
Jean CaRnahaN ANDREW'S WOrk & MONEY LIfEMINdERS FOR 12/12/2000

In THE SPOTLighT

* Making monEy: SMarT OnLINe resources for 30-SOMEthiNgS
* AttentIon, online SHopPerS: WhAt YOu need to KnoW

WORKING sMaRtEr

* SAm DOnaldSOn's LessoNs For geTtiNg to tHE Top

MY pORTFoLIO

* lAsT chANcE:  Win $5000 anD geT oRganIzEd For tHe HOlIdays!

tHE LigHTeR SIDE

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RaIsE

INtERACTive LIFEMINdERS

* Get Customized Alerts!
* aMerican expRess
* BmG

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================
IN tHE SPOTLIgHT
================

mAKING mONey: SMART oNLINE rESOUrCeS For 30-sOMEThinGs

We AlL have the beST IntEntioNs When It comes
 gas transmitted by the El  Paso pipe linehas  be en 
man ipul ated 
so thatp rice s in California over t he la st year ha ve be en up t o  f i v e t im es  
t he na tiona l a verage.  Because a n i nc reasing numb e rof states,  in cluding 
Cal ifo rnia,re lyh eavil y o n nat ural g a s fire d power p la n ts, an y  manipu l a ti on
of that commodity ca n  have severe c onsequ en c es . Add iti onally, be ca use s u ch a

l a rg e p erc e nt of our fut ure nationw i degenera ti onc apacit y wil lu senatural 
ga s, w e are con cerned that th e se type s of a lle ged  mar k et  a bus es wil l  h ave 
ev en morepr of oundeffe c t s .  The ref ore,  we a sk GAO to ans wer  the fol lowin g 
qu esti on s: 
1) Has  FERC  f ully met its re spon sibilitie s t oade qu ately regula teint erstate 

pipel i nes ?I f no t, what areas requ ir e im provemen t? 

2 )  I st here a c on tin uing r ole f or F E RC  to play  in en s ur in g equal  a ccessto  
t helimit e d am ount o f spacein ou r  current natur a l gas pipelin e s? S ho u ld
t his  
role be e nhan c ed o r cl a ri fie d , and  if s o, ho w ? 

3) Is there the  p ossibi lityof this sametype of al l e g ed abuse  ino th e r
parts 
of th e cou ntry, asid e  from Ca lifor nia, whe re the na t u ral gaspip eli ne
ca p a ci ty is similar l y  lim it ed? Ple ase  provid e a nydet ail s. We apprec iate all  th ego odworkt hat GAOdo esan d w e loo k  forwa rd to  hea ri ng fro m you s o on . 

Si nc er ely, J 
o sephI. L i ebe rman 
J ean Carna han ANDR EW 'S  WORK &  MONEY LIFEMI ND ERS FOR 12 /1 2/2 000

I N THE SPOT LIGHT

* Making Money:S mart On lin e Res ourc es for 30 -So methin gs*  Atten tion,Onlin eSho p p ers:W h at  Yo uNeed to Kn o w 

W ORKIN GSMAR TER

*Sam Donaldson's Le s son s for Getting  to  the T op 

M Y  P O RTF OL I O
* LAST CHANCE:  W in $5000 a nd Ge t Organize d  fo rthe Hol idays!
THEL IGHTERSIDE

* D ILBERT Th eShor t Lis t: Top 10Clues Th at It's A GoodT im e ToAsk  For A  Rai se

I NTERAC T IVE  LIFE MINDER S
* Get  Cust om ized Ale rts!
* American Express 
* BMG 

--- --- --------- --- - --- --------- ---- ---------- --- --- ----- --- 

=== ==== = == === = ==
IN  THE SPOTLIGHT == === = = == =======

MA K I N G M ONEY:  SM A RT ONL INERESOURCES FOR 30- S OMETHINGS

Weallh a vethe best  i ntentions when  it  c o m es
 gas_transmitted by_the El Paso pipeline_has been
manipulated_
so_that prices_in_California over the_last year have_been up to five_times 
the national_average._Because an increasing number of states, including 
California, rely heavily on natural gas fired_power_plants, any_manipulation

of_that_commodity can have severe consequences._Additionally, because such a

large percent_of our_future nationwide generation capacity will use natural 
gas,_we_are concerned that_these types of alleged market abuses will have 
even_more profound effects. Therefore, we ask_GAO to answer_the_following_
questions: 

1) Has FERC_fully met its responsibilities to adequately_regulate interstate

pipelines? If not, what areas_require improvement? 

2) Is there a continuing_role for FERC to play in_ensuring equal access to 
the_limited amount_of space in our current_natural gas pipelines?_Should
this 
role_be enhanced or_clarified, and if so, how? 

3)_Is there the_possibility of this same type of_alleged_abuse in other
parts_
of_the_country, aside_from California, where_the_natural gas_pipeline_
capacity is similarly limited? Please provide_any_details.We appreciate all 
the good work that_GAO does and we_look_forward to hearing from_you soon. 

Sincerely,J 

oseph I._Lieberman 
Jean Carnahan ANDREW'S WORK &_MONEY LIFEMINDERS_FOR 12/12/2000

IN_THE SPOTLIGHT

* Making Money: Smart Online Resources for 30-Somethings
* Attention, Online_Shoppers: What You Need to Know

WORKING_SMARTER

* Sam Donaldson's Lessons_for Getting_to_the Top

MY PORTFOLIO

*_LAST_CHANCE: _Win $5000 and Get Organized for the_Holidays!

THE LIGHTER_SIDE

* DILBERT The Short List: Top_10 Clues That It's_A_Good Time To Ask For A_
Raise

INTERACTIVE LIFEMINDERS

* Get Customized Alerts!
* American_Express
* BMG

-----------------------------------------------------------


================
IN THE SPOTLIGHT
================

MAKING MONEY:_SMART_ONLINE_RESOURCES FOR 30-SOMETHINGS

We all have_the best intentions when it comes