Guess what.  I have the deal numbers in my notebook packed in  a box - but Ed McMichael said we are not going to flow this gas until March.  I think he also said he is trying to resurrect the Con Ed deal - which is probably similar to the Lilco deal with respect to the pipelines it flows on.

Transco does not have a pooling contract like many of the other pipelines on the East.  They assign the shipper a specific meter for that pool and you use your IT contract to nominate pool to pool stuff.  

I DID NOT CHANGE THAT OL CAPACITY TICKET BUT I THINK I WILL.  I'VE GOT TIME!!!!!!!!!

 -----Original Message-----
From: 	Olinger, Kimberly S.  
Sent:	Tuesday, January 29, 2002 4:01 PM
To:	Germany, Chris
Subject:	RE: Transportation notes for Feb

chrissy,
what is the lilco deal you are referring to?  are we currently noming this?  can't find anything in unify that shows that we are.  

what deal on transco would you need an it contract for?  

also, did you go and change the capacty ticket to reflect the release of capacty?  I'm not sure how to reflect it, but the ticket numbers
are 1190900, and 1190720.  I can do this for you if you tell me how it should be reflected.

later gator

Kim

 -----Original Message-----
From: 	Germany, Chris  
Sent:	Monday, January 28, 2002 3:30 PM
To:	McMichael Jr., Ed; Greif, Donna; Lamadrid, Victor; Barbe, Robin
Cc:	Garza, Maria; Kelly, Katherine L.; Germany, Chris; Concannon, Ruth; Olinger, Kimberly S.
Subject:	Transportation notes for Feb

I have released the Boston Gas capacity on Tennessee, contract 29667, and Iroquois, contract 1250-08, to Boston Gas, non-recallable, subject to bid (per Boston Gas's request), for Feb 1st for one month only.

Other transport notes;

To serve the Lilco deal, we need supply on Texas Eastern, Tennessee, and Transco.

Texas Eastern is trying to decide how to handle the cash out exposure.  There is no commodity expense on the type of agreement I am requesting but there is the possibility of cash out.  I think the exposure to Texas Eastern is minimal and it could be that Texas Eastern just wants to be difficult to work with.

We can still flow gas on our Tennessee pooling contract.

We need an IT contract on Transco.  Transco requires a prepayment or a letter of credit using the following formula, MDQ x 90 days x max it rate from Zone 1 to Zone 6 ($.5169).  I believe the Lilco volume on Transco is about 21,000 dth/day.  Therefore, we would need to give Transco a letter of credit for about $977,000.00.

I also believe that we could do a buy/sale on Transco and Texas Eastern and bypass the pooling process.


Donna, Victor,
I like to keep scheduling informed of all activity on my pipes.  I plan on copying Ruth, Kathy, Maria, and Kim on my emails.  Who should I include from scheduling?

Thanks