More capacity available where ROFR notice expired 12/31/2000:
Emerald, effective 01/01/02, 32,000 Ignacio to Thoreau
ENA, effective 01/01/02, 8,000 Ignacio to Thoreau

Spreads are even wider: San Juan 2002 at -0.26, SoCal border 2002 at +1.24, 
SoCal border 2003 at +.78

---------------------- Forwarded by Michelle Lokay/ET&S/Enron on 01/02/2001 
08:51 AM ---------------------------
   
	
	
	From:  Michelle Lokay                           12/20/2000 03:46 PM
	

To: Kevin Hyatt/ET&S/Enron@Enron, Lorraine Lindberg/ET&S/Enron@ENRON, Jeffery 
Fawcett/ET&S/Enron@ENRON
cc: TK Lohman/ET&S/Enron@ENRON 

Subject: Available Capacity

Below is a summary of available future capacity to the California border:

effective 11/01/2001-10/31/2003, 13,500 Needles and 14,000 Topock
effective 11/01/2002-10/31/2003, 21,500 Needles
effective 04/01/2002-10/31/2002, 14,000 Topock
effective 04/01/2003-10/31/2003, 14,000 Topock 

The spreads are still pretty wide even through 2002 at 0.75; and here's an 
opportunity to capture it before it tightens.