James & David --
	Can the two of you coordinate a revenue model for Sun Devil that incorporates a Straight - Fixed Variable rate design along the following parameters using 15, 20 and 25 year terms:

San Juan utilization: 85% of 780,000/MMBtu/d
Mainline: 85% utilization of 810,000/MMBtu/d
Phoenix lateral: 75% utilization of 500,000 MMBtu/d

Also, prepare some ROE sensitivities if the above utilization falls by 10% and rises by 10%. 

I will be out of town till Tues 11/13.  Can we get together that morning and review your analyses?

page me if you have questions at 888-582-7421

thanks
kh