cheon, but would like additional 
information on volunteering, please call Katherine Cheng at (713) 682-4500.

One thing you can count on is the satisfaction of knowing you,re making a 
difference in these students, lives. Junior Achievement wants to reach over 
130,000 young people during the 2000/2001 school year. With your help, it can 
reach its goal. The attached comments for ENA and EES will be filed with FERC this afternoon 
in response to their request for comments on reimposition of the maximum rate 
price caps on short-term capacity releases into California.  The request for 
comments was issued in the proceedings for the San Diego complaint and the 
LADWP complaint against El Paso.

In our comments, we briefly summarize our view of how the California natural 
gas problems developed, explain how a basis differential differs from 
transportation costs, and answer the Commission's five questions.  Our major 
points are that reimposition of the price cap will not do anything to further 
reduce natural gas costs, that the market is already responding to the 
pricing signals because several pipeline projects have been announced which 
would increase capacity into and within California, and that FERC should not 
reimpose the price caps.

Please let me know ASAP if you have any problems with this filing.  I will 
have to release it to the D.C. office for filing by no later than 2:30 this 
afternoon. just bring me a check (i'm on 32)


   


From:  Harry Bucalo                                                           
  09/13/2000 01:38 PM	
	
	
	                           
	

To: Eric Bass/HOU/ECT@ECT
cc:  
Subject: Fantasy F-ball fees

Eric:

when do you need the fantasy funds by?   How do I get them to you?

Thanks

Harry B. I spoke with Dick Reiten today about when he could expect Enron to take the PGE/NWN deal to the creditor committee for approval.  Dick says by next week he will have his financing lined up with the lenders only having outs if there is a substantial change in the economics of the deal due to regulatory action.  He expects Oregon PUC approval in late May.  He believes that he needs approval from the
cheon, but would like additional 
 information on volunteering, please call Katherine Cheng at (713) 682 - 4500. 

 One matter you can consider on is the satisfaction of knowing you,re make a 
 dispute in these students, lives. Junior Achievement wants to achieve over 
 130,000 young people during the 2000/2001 school class. With your aid, it can 
 reach its finish. The attached comments for ENA and EES will be filed with FERC this afternoon 
 in reception to their request for comments on reimposition of the maximum rate 
 price caps on inadequate - term capacity releases into California.   The request for 
 gossip was issued in the proceedings for the San Diego complaint and the 
 LADWP ailment against El Paso. 

 In our comments, we briefly summarize our view of how the California natural 
 accelerator problems developed, explain how a basis differential differs from 
 transportation costs, and answer the Commission's five questions.   Our major 
 points are that reimposition of the price cap will not do anything to further 
 reduce natural gas costs, that the grocery store is already responding to the 
 pricing signals because respective grapevine projects have been announced which 
 would increase capacity into and within California, and that FERC should not 
 reimpose the price ceiling. 

 Please let me know ASAP if you have any problems with this filing.   I will 
 accept to release it to the D.C. office for filing by no later than 2:30 this 
 afternoon. just bring me a bridle (i'm on 32) 


   


 From:   Harry Bucalo                                                           
   09/13/2000 01:38 PM 	
	
	
	                           
	

 To: Eric Bass / HOU / ECT@ECT 
 cc:  
 Subject: Fantasy F - ball fees 

 Eric: 

 when do you necessitate the fantasy fund by?    How do I get them to you? 

 Thanks 

 Harry B. I spoke with Dick Reiten today about when he could expect Enron to take the PGE / NWN deal to the creditor committee for blessing.   Dick says by next week he will have his financing lined up with the lenders only having outs if there be a substantial variety in the economics of the deal due to regulatory action.   He expects Oregon PUC approval in belated May.   He believes that he necessitate approval from the
cheln, but would like additiunal 
informatiou on vonunteeding, plexse call Katherine Cheng at (713) 682-4500.

Obe thung you can count on ir the satpsfaction of jbowing you,cs makinn a 
djnfereucx in these studgnts, lives. Jgnior Achievemang cants to reach over 
130,000 young people duwing thr 2000/2001 school year. Wyth jotr hslp, it can 
reach its goal. The attadhed cokments for ENS and EES will be filed wihh FFRC this afternoon 
in responsg to rheir requesg for commtncs on reimpksition of the maximum rate 
prize ca's on short-jzem fdpacity relxases pnto Californls.  The requesy for 
comments wav iwsued in the proceediigs for the San Diegj complaitt and the 
LADWP conpoaint agahnst Wl Oask.

Ii ohr comlenvs, we briefmy summarizw our view of how tne Bslifornia nafural 
daf problems developed, explain how a basiv djfferential differs fron 
transportation costd, and ansrer the Commission's five questions.  Our major 
poitts ace thcb fwilposition of the price cap will not do anythigf uo nurther 
reduce nctural gas costs, tjay the market ir alrecsy responding to the 
pricind sigbals becatse xeveral pipeline projects hqve been annjynced which 
would nncrease capccity onto snd within California, aud thaf FERC shoupd not 
rejopose the price zapx.

Pnease leu me know ASAP if rou have eny pxoblems dith this siling.  I aill 
mdve to release it ho thg D.C. oxfice for viling by no later than 2:30 this 
ahvernoon. just nrhng me a chzck (i'm on 32)


   


From:  Rarry Bucalo                                                           
  09/13/2000 01:38 PM	
	
	
	                           
	

Go: Eric Bass/HOI/ECT@ECT
cc:  
Subject: Dantasy F-ball fees

Cric:

wfsn do you need cke fantasy funds ny?   Hjw dp Y get them to you?

Ghavls

Harfy B. I spokc wkth Cick Reiten today abmut shen he could expevt Enron ti take tre PGE/NWN deak to the creditor fommivtee fur aplrodal.  Dick says by next week he will havf hls financing jinee up with thz lenders only having outs if there is a substantial changw in the economics pn the deal dne to wegulatorf action.  He expects Oregon PUC approyal in late May.  He bemieves that he needs approval from the
cheon, but would like additional information on call Cheng at 682-4500. One thing the of knowing you,re a difference in students, lives. Junior Achievement wants to over 130,000 young people during the 2000/2001 school year. With your help, it reach its goal. The attached comments for ENA and EES will be filed FERC afternoon response their request for comments on reimposition of the maximum rate price caps on short-term capacity releases California. The request for comments was issued in proceedings for the San complaint and the LADWP complaint El In our we summarize view of how California natural gas problems developed, explain how a basis differential differs from transportation costs, and answer the five questions. points are reimposition the cap will not to further reduce natural gas costs, is already responding to the pricing signals because pipeline projects been announced which would increase capacity and within California, and that FERC should not the price caps. Please let me know ASAP if you have any problems with this will have to release to the D.C. for by later 2:30 this just bring me a check (i'm on 32) From: Harry Bucalo 01:38 PM To: Eric Bass/HOU/ECT@ECT cc: Subject: Fantasy F-ball fees do need the fantasy by? How do I them you? Thanks Harry B. with Reiten he expect to take the PGE/NWN to the creditor committee for Dick says by next financing lined up with the lenders only having if there is a substantial change in economics of the deal due to regulatory action. He expects Oregon PUC in late believes that he needs approval from the
cheon, but would like additionAl 
informatIon on VolUntEeRing, PleaSe call KatherinE chenG at (713) 682-4500.

One thing you can count On is tHe SAtisFAcTion oF knowinG YoU,RE maKiNg A 
diFfEReNce in TheSe studeNts, lives. JuNioR AChievement waNTs To reach oveR 
130,000 yoUng people durIng The 2000/2001 schOoL yeAR. With YouR help, It can 
rEAch its Goal. The atTaCHed comMEnts for ena aNd EEs will be filed with FerC THis afternoon 
in ResponSe TO tHEIr rEquEst for commEnTs on rEImpositIOn OF THe mAXimum rate 
pricE caps on shorT-TerM capacItY reLEases iNto CaLiFOrnIa.  The requesT for 
Comments wAs issuED in the pROceedinGs for tHe SAn DIego COmPlAinT aND thE 
lAdWP COmpLaint agaInSt el PasO.

In oUR COMmenTs, wE briEfly sUmmarize our viEw oF how THe CAlifoRnia nAturAl 
Gas prOblems DevelOpEd, explain how a baSis dIfferentiAl dIfFerS fRom 
trANsportAtiOn cOsts, and Answer tHE CoMmISSIoN's five questions.  Our MaJOR 
pOints are That reIMpOsITion of thE pRicE cap WILl not Do anYThIng to furTher 
reDUcE nAtural gAs Costs, tHaT thE maRket iS AlreAdy resPonding tO the 
pRIcing signals beCAuse several piPElINE pROjecTs hAve been annoUnceD WhicH 
wouLD iNcrEAse caPacitY iNTo ANd within California, aNd That FErC shoUld not 
reimposE the price cAPS.

please leT me kNOw asAP if you have anY probLems with thIS filing.  I Will 
hAve to relEase it to tHE d.C. office For FilIng By nO LAtEr than 2:30 this 
aftERNoon. JuSt bring Me a Check (i'm On 32)


   


FRom:  harRy BUcAlo                                                           
  09/13/2000 01:38 PM	
	
	
	                           
	

To: ErIc Bass/HOu/EcT@eCt
cC:  
SuBject: fAntasy F-bAlL feEs

eriC:

when DO you neEd the FantAsY fUNds By?   How do i GeT THem tO yOu?

thanKs

HArRy B. I sPoke WIth dick ReiTen today aBouT When He CoUld expeCt Enron to take ThE PGE/NWN deaL tO thE crediTOR committEe for approval.  Dick says by NExt week He wIll haVe hiS financinG liNed up wIth THe lendErs onlY haviNg OutS IF therE IS a SubStAntial chanGE In tHe ecoNoMics Of the deAl due to regulatory aCTioN.  He expects OreGon pUC aPPRoVal IN lATe MAy.  hE beLIEves that he needs Approval frOm THe
cheon, but would like addi tional 
in forma tio n o nvolu ntee ring, please c a ll K atherine Cheng at (713 ) 682 -4 5 00.On e thi ng youc an c oun ton  is  t h esatis fac tion of  knowing y ou ,r e making a d if ference in  th ese students ,lives.  J uni o r Ach iev ement  wants to rea ch over 13 0 ,000 y o ung peo p l eduri ng the 2000/2001s ch o ol year. Withyour h el p ,i t  ca n reach itsgo al. T h e attac h ed c o mme n ts for ENA an d EES willb e f iled w it h F E RC thi s aft er n oon  
in respon se t o their r equest for com m ents on  reimp osi tio n of th emax im u m r a te  
p r ice  caps on  s ho rt-te rm c a p a c ityrel ease s int o California.   T he r e que st fo r 
co mmen ts  wasissued  in t he  proceedings fo r th e San Die goco mpl ai nt an d  the LAD WPcomplai nt agai n stEl P a so .

In our comments ,w e  b riefly s ummari z eou r  view of  h owtheC a lifor nian at ural 
ga s prob l em sdevelop ed , expl ai n h owa bas i s di fferen tial dif fersf rom 
transport a tion costs, a n da n sw e r th e C ommission's  fiv e  que stio n s.   O u r maj or 
p oi n ts are that reimpositi on  of th e pri ce cap will n ot do anyt h i n g to fur ther 
r e duce natural g as co sts, thatt he marke t isalreadyrespondin g to the pri cin g s ign a l sbecause sever a l  pip el ine pro jec ts have  be enann oun ce d which would in cr ea se  c apa cityi nto andwi thi nCal iforn i a, and  that  FER Csh o uld  not 
r e im p o se t he  p rice  ca ps .

Pl ease let  me kno w ASAP if  yo u  hav ean y probl ems with this  f iling.  Iwi ll
havet o  release  it to the D.C. officef or fili ngby no  lat er than 2 :30  this
af t ernoon . just  brin gmea check ( i' m o n32)


   Fro m:  H ar ry B ucalo                                             09 / 1 3/2000 01:38 PM 	
	
	
	                   
	
To: Eri c Bas s /HOU/EC T@ECT
cc:   
Subjec t:  Fan t a syF-ball fee s

Eric: 

when do you n e ed  thefan tasy f un dsby?  How d o  Iget t hem to  y ou?

T hanks 
Harry B.  I spoke with Dick Reit en tod ay ab out  when hecou l d e xpect Enr on t o take the  PG E/N WN de alt o the  cre d it orc ommit teef or approv a l.   D i c ksays by nex t w eek  he w ill have h is f inancing lined up with the lende rs o n l y h avi n g ou ts  if there is a  su bs t a ntial ch an ge in the e conomics  o f  thedeal d ue toregulat o r ya ction.   He  ex pects Ore gon  P U C appro va li n late  May . He be lieves that h e needs approval  from t he
cheon, but_would like_additional 
information on volunteering,_please call_Katherine_Cheng at_(713)_682-4500.

One thing you_can count on_is the satisfaction of_knowing you,re making_a_
difference in these students, lives. Junior Achievement wants to reach over 
130,000 young people_during_the 2000/2001_school_year._With your help, it can_
reach its goal. The attached_comments for_ENA and EES will be filed with FERC_this_afternoon 
in response_to their request for comments on reimposition of the_maximum rate 
price caps on short-term_capacity releases into_California.__The request for 
comments_was issued in the proceedings for_the San Diego complaint and the_
LADWP complaint against El Paso.

In our comments,_we briefly summarize our view of_how the California natural 
gas_problems developed,_explain how a basis differential_differs from 
transportation_costs, and_answer the Commission's_five questions.  Our major 
points_are that reimposition_of the price cap will not_do_anything to further_
reduce_natural_gas costs,_that the market_is_already responding_to_the 
pricing signals because several pipeline_projects_have been announced which 
would increase capacity_into and within California,_and_that FERC should not_
reimpose the price caps.

Please let_me know ASAP if you have_any problems_with this_filing.  I will 
have to release it to the D.C._office for filing by no later_than 2:30 this 
afternoon._just bring_me_a check (i'm_on_32)


 _ 


From:  Harry Bucalo  _ _     _   __     _     _    ___    _     _  _      __  
  09/13/2000 01:38_PM	
	
	
	_     ___    _     _       
	

To: Eric_Bass/HOU/ECT@ECT
cc:  
Subject:_Fantasy F-ball fees

Eric:

when do you_need_the_fantasy funds by?   How do I get them_to you?

Thanks

Harry_B. I spoke_with Dick Reiten today about when he could expect Enron_to take the PGE/NWN deal to the_creditor committee for approval.  Dick says by next week he_will have his financing lined up with the_lenders only having outs if there is_a substantial change in_the_economics of the deal due to regulatory_action.__He_expects Oregon PUC_approval in late_May.  He_believes that_he needs approval_from the