Attached is some info that begins explaining the issue with gas basis 
differentials.

Jim


---------------------- Forwarded by James D Steffes/NA/Enron on 05/03/2001 
11:02 AM ---------------------------
From: Jay Reitmeyer@ECT on 05/02/2001 05:21 PM
To: Joe Hartsoe/Corp/Enron@ENRON, James D Steffes/NA/Enron@Enron, Ray 
Alvarez/NA/Enron@ENRON
cc:  

Subject: California Summary

Phillip Allen and Mike Grisgby asked me to update and send a copy of this 
California summary to you.  I hope the graphs and maps are self-explanatory, 
but if you need any help interpreting them, please call me.  My number is 
713-853-3536 or you can e-mail me.

Jay Reitmeyer